# # ## ||||Circuit No|22/15| |---|---|---|---|---| |Minister||Rev'd Marlin T Smlthson||| |Church|Stewards|Max Tears||| |||Goeff Cawthom||| |||Susan ONer||| |||Hazel Wallis||| |||Martin Watson||| |||Hilary Taylor||| |||Eric Roberts||| |Church|Treasurer||Peter Sroekhuizen|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Page 5
Name of Church|||||gingham|Methodist|Church||Number|1158426| |---|---|---|---|---|---|---|---|---|---|---| |Statement
of Financial Activities||SOFA) for the||ear ended 31 Au||ust 2022||||| ||||||||||Total|Total| ||||||||||2021-22|2020-21| |Income and Endowments|from:|||||||||| |Donations
and le acies|||||||49,186||49186|46,859| |-Collections
and tax credit|||||||41,614||41,614|41,659| |- Donations,
grants and fundralsln|||||||7,572||7,572|5,200| |-Legacies
Charitable
activities|||||||19,434||19,434|4,361| |- Fund raising
-Communl
lettlngs|||||||19,434||19,434|4,361| |Other trading activities|||||||89,716||89,716|58,638| |-Commercial
lettlngs|||||||89,716||89,716|58,638| |-Mlsceganeous
Investments|||||||124|67|191|231| |Other|||||||1,191||1191|350| |-Internal
organlsatlons|||||||1,191||1,191|350| |- Mlsceganeous||||||||||| |Total|||||||159,651||159,716|110,439| |Expenditure
an:||||||||||| |Salaries, NIC &Penslort casts||||||||||| |Grcult Assessment|||||||41.,476||41,476|41,476| |Contribution
towards
Communi||worker|||||||5000|5000| |Maintenance/Cleanln|||||||17,250||17,250|10255| |Utgltles )insurance
heat|and 8 ht, water||etc||||6,153||6,153|4,989| |Rent and storage||||||||||| |Estate agent &legal costs
Interest
a
ble on loans|)re commercial||lettlngs)||||8,210||8,210|10,548| |Internal
organisations
Grants and
Donations|||||||1,094
1,254||1,094
1,254|681
2,520| |Other ex endlture|||||||6,759||6,759|12,610| |Total|||||||87,196||87,196|88,079| |Net Income/
expenditure)|||||||72,455|67|72 522|22 360| |Transfers between
funds||||||||(66)||| ||||||||72,521||72,522|22,360| |other recognised
gains
/
Net movement
In funds|losses)||||||72,521|193
192|193
72,329|476
22,836| |Reconcglatlon
offunds:
Total funds brought forward
Total funds carried farward|||||||1,537,667
1,610,188|3,651
3,459|1,541,318
1,613,847|1,518,482
1,541,318| |For Information
only Money received end passed an
Balance brought forward from Mst year
Offerings/Gifts
-received for External Organisatlons
Offedngs/Gifts
-passed to External Organlsatlons
Balance confed forward|||||to External|Organlsatlons|||1,533
5,849
747|399
4,519
1,533| |Page6|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||gingham|Methodist||Church|| ||||||Balance|Sheet as at|31August|2D22|||||| |||||Unrestricted||Designated||Restricted|Endowment||Totals this year||Tatals last year| |||||||(Unrestrlctedj|||Funds||||| |Tangible
Fixed Assets|||||||||||||| ||||Notes||||||||||| |Land 8 Bugdlngs||||1,334196||||||||1,334196|1,334,196| |Equipment|||||||||||||| |Investment
properties
Investments|||||500,000|||||2,878||2,878|3,070| |Totofflxed assets||||1,834,196||||||2,878||1,837,074|1,837,266| |Current Assets|||||||||||||| |Debtors and Pr
ayments
Cash at Bank and In hand|||||22,738
58,046|2,477
15,126||||||25,215
'73,172|13,988
20,701| |Trustees for Methodist
Church
Pu
uses d
oslts
Central Finance Board De osits|||||9,837|||||||581
9,837|581
50,273| |Dther-Property
Totol|current assets||||90,621|17,603|||||581|108,805|85,543| |re
It
C
under 1yr)|5||10||54,820||1,112|||||55,932|52,791| |Nat current assets
Babgltles|||||35801|16,491|||||581|52,873|32,752| |Total assets less current||llabVDlcrs||1,869,997||16,491|||0|3|459|1889947|1,870,018| |Loans|||12||276,300|||||||276~0|328,700| |Provisions for Rabgltles and charges|||||||||||||| |||Net assam||1,593,697|||16,491||0|3,459||1,613,647|1,541,318| |Funds ofthe Church|||||||||||||| |Unrestricted
funds||||1,593,697|||16491|||||1610188|1,537,667| |Restricted
funds
Endowment
funds|||||||||0|3,459||3,459|3,651| |||Total Funds|13|1,593,697|||16,491||0|3,459||1,613,647|1,541,318| |||||Opening|balance|Receipts||Payments|Net Recehsts/
Payrnerlts|||Adjustments|Closing
Balances| |Internal
Or anlsatlons|||||||||||||| |33rd Nottlngham
The Boys' Brigade
and Girls' Association
Total|||||1,375
1,375||1,191
1,191||1,094
1,094||97
97||1,472
2,472| ## ## |Basis ofaccounting|Basis ofaccounting|Basis ofaccounting|Basis ofaccounting|Basis ofaccounting|Basis ofaccounting|Basis ofaccounting|Basis ofaccounting|Basis ofaccounting|Basis ofaccounting|Basis ofaccounting| |---|---|---|---|---|---|---|---|---|---|---| |
The financial
statements
have been prepared
under the Charities Act 2011In accordance with the 2014version ofAccounting
and Reporting
by Charities:
Statement ofRecommended
practice (SORp) appgcable to charities
preparing
their accounts
In accordance with the Financial Reporung
Standard for||||||||||| |Smaller Entitles appucable
In the UK (affective from 1lanuary 201S)—the Charities
SORP (FRSSE)—In replacement
ln its related 2008 Regulations
and In accordance with the 'true and fair override'
provision
contained therein. "||||for th«SORP's 2005|||version specified|||| |Funds||||||||||| |The funds held constitute:||||||||||| |General
Funds held for any purpose ofthe Church which ere unrestricted.
Restricted funds which are held for|||a narrower|||purpose.||||| |Endowment
funds arising from legacies received.||||||||||| |Details of each material
fund are disclosed
In note 13. Any funds may be represented
by more|than lust cash.|||||||||| |Accounting
policies||||||||||| |These accounts have been prepared
on the basis of historical cost except that Investments
are|shown at their||market value at the end||||ofthe year,|||on the| |accruals basis to show a true and fair view ofthe Church's
financial position
and activities.||||||||||| |Income||||||||||| |Income IsIncluded
ln the Statement of Flnandai
Activities
(SOFA) when the Church becomes entitled tothe resources,|||||and the trustees||are reasonably|||| |certain they wgl raceWe the resources; and the monetary
value can be measured
with suffldent|rellabglty.|||||||||| |Expenditure
This Is recognised when a llabglty
Is incurred, or a constructive
obligation
arises, that results
In the payment
as soon as an outflow ofeconomic benefit
ls considered
more likely than not under the legal or ccmstructive||being unavoidable.
Liabilities are recognued
obggatlon
committing
the Circuit to payout||||||||| |resources.||||||||||| |Grants||||||||||| |Grants made by the Church from its own funds are recognised
In full at the time ofagreement
or when the Church accepts that there Is a legal or
operational
obligation to make the payment.
When the grant Is recurrent
over mare than one year the balance payable
In future years ls treated as a
provision
for future commitments
In the Balance Sheet against the appropriate
fund, the provision
being released
In future years as Instalments
are paid||||||||||| |In accordance
with the originally
agreed terms,||||||||||| |VAT||||||||||| |The church Is VAT registered
and where applicable Income and expenses are net ofthe related|VAT. Where|the church||||Is not entitled|to redalm|||Input| |VAT this Is charged with the expenses to which It refers.||||||||||| |Tangible fixed assets for use by the Church||||||||||| |These are capltagsed
ifthey can be used for more then one year, and individually
cost at lea*E1,000.||||||||||| |The freehold
properly
Is shown at cost.||||||||||| |Investment
Properties||||||||||| |The commercial
units and offic space are deemed to be held for Investment
purposes
In that|they are held||for letting|||an a commerdal
basis to|||generate|| |Income to serssce lang term loans.||||||||||| |Investments||||||||||| |Investments
are valued
In the balance sheet at market value at the year end. Investment
income IsIncluded|||In the accounts when receivable|||||and any||| |gains or losses on revaluation
at the year end are shown
ln the SOFA.||||||||||| |Debtors and Prepayments||||||||||| |Debtors Indude,
VAT recoverable
and Circuit Asseoment
paid in advance.||||||||||| |Creditors||||||||||| |Creditors
Include accruals for expenses, Interest on loans, VAT payable
and deferred
income In respect ofcommercial|||||rents received||ln advance.|||| ## ## |||Church (non|||| |---|---|---|---|---|---| |||Investment)|Investment||| |||land and|properties|(land|| |||buildings|and bugdlngs)||Total| |||E|E||E| |Cost or valuation|||||| |Balance brou
ht|and carried forward|1,334,196|500,000||1,834 196| |Accumulated
depreciation|||||| |Balance brought|and carried forward||||| |Net book value|||||| |Broughtforward
Carried forward||1,334,196
1,334,196||500,000
500,000|1,834,196
1,834,196| |he properties
have not been deprecia
osL|ted
as in the opinion of the|trustees their market value is not les|s than original| |---|---|---|---| |Investments||This year|Last year| |||E|E| |CFB Managed
Mixed Fund units||2,878|3,070| |nalysis of debtors and prepayments||This year|Last year| |||E|E| |Prepayments
Other||12,455
12,760|12,694
1,294| |Total debtors and prepayments||25,215|13,988| |Analysis of creditors and accruals|||| |Commercial
letting Income received
Accrual for Interest payable on loans
Expense Accruals
Tenants Service Charges
Tenants Deposit
Current portion of loans (note 12)
VAT Payable|In advs
(General)|1,435
2,757
1,505
36,200
6,167|4,561
1,665
2,806
920
3,000
36,200
3,639| |Total Current Uablgties||55,932|52,791| ## ## ## ## ## |Detailed analysis ofindividu|al
fund|movements|||||| |---|---|---|---|---|---|---|---| |Unrestricted
Funds|||||||| |Fund Name||Opening
Balance|Income|Expenditure|Transfers|Revaluation
gains/losses|Claslng
Balance| |General fund||1,512,024|136,348|(60,758)|566||1,588,180| |Property fund (designated)
Friendship
fund||20,460
1,516|19,434
555|(23,403)
(740)|||16,491
1,331| |Rainbow
fund||190|362||||552| |Lively Spirits fund||1,561|1,258|(687)|(500)||1,632| |Dove Hospice||514||(514)|||| |Charity Fund||27|503||||530| |Internal
organlsations||1,375|1,191|(1,094)|||1,472| ||Totals|1,537,667|159,651|(87,196)|||1,610,188| |Endowment
Funds|||||||| |Fund Name||Opening|Income|Expenditure|Transfers|Revaluation|Closing| |||Balance||||gains/losses|Balance| |Memo
Mrs 5 ELangstaff
H N Fewster Bequest
G H White Bequest
FAShep
enson Be uest||120
2,717
390
416|58||(58|(171)
(22)|120
2,546
368
417| |Blngham|Totals|3,651|67||66|(193)|3,459| ## ## |This
ear||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Name of|related party|||Relationship|Description|||of||Income from|Payments||to|Loans to / (from) /||Amounts||owed| ||||||transaction|||||related party|related party|||(return ofloens||by / (to)|related|| |||||||||||during tha|during tha||year|fram)|related party|party as||an 31-| |||||||||||year||||during the year||Aug-2022||| |I MA||||||||||||||||||| |Methodist|Church||Fund|||||||||||||||| |Mission ln|Britain||Fund|||||||||||||||| |Fund forgupport|||of|||||||||||||||| |Pre||||||||||||||||||| |Fund for Property||||||||||||||||||| |World Mission
Fund||||||||||||||||||| |Grant ham|& Vale||of|Grcult to|Greeit Assessment,||||||||46,476||10,000|(||42,500)| |Belvoir Circuit||||which the|contribution||to|||||||||||| |||||Church|Community|worker||||||||||||| |||||belongs|and loan to|assist||||||||||||| ||||||with the financing||||of|||||||||| ||||||the bugdlng|||||||||||||| |Various private||Individuals||Various|Loans to assist|||with||||||||||( 5,000)| |- no loan exceeds|||55,000|individuals|the financing||of|the||||||||||| |In total||||assodated|bugdlng|||||||||||||| |||||with the||||||||||||||| |Total||||||||||||46,476|||10,000||(|47,500)| |Last
ear||||||||||||||||||| |Name ofrelated party||||Relationship|Description of
transaction|||||Income from
related party|Payments
to
related
party|||Loans to/ (from) /
(return ofloans||Amounts
by/(to)||owed
related| |||||||||||during the|during the year|||fram) related party||party as on 31-||| |||||||||||year||||during the year||Aug|2021|| |IMA||||||||||||||||||| |Methodist|Church Fund|||||||||||||||||| |Mission
In Britain Fund||||||||||||||||||| |un
orsupport|||o|||||||||||||||| |Presbyters|&Deacons|||||||||||||||||| |Fund for Property||||||||||||||||||| |World Mission||Fund||||||||||||||||| |Drantham|&Vale of|||Circuit to|Circuit Assessment,||||||||46,476||10,000||( 52,500)|| |Belvolr Circuit||||which the|contribution||to|||||||||||| |||||Church|Community||worker|||||||||||| |||||belongs|and loan to||assist|||||||||||| ||||||with the financing||||of|||||||||| ||||||the bugdlng|||||||||||||| |Various private|||individuals|Various|Loans to assist with|||||||||||||( 5,000)| |- no loan|exceeds 55,000|||Individuals|the flnandng|||ofthe||||||||||| |in total||||assodated|bugdlng|||||||||||||| |||||with the||||||||||||||| |Total|||||||||||||46,476||10,0M|||( 57,500)| ## ## ## ## ## ## ## ## ## ## ## ## ##