| Independent | examiner | Mr Oliver Newey ACA, | Dove Cottage, Route de Cobo, |
|---|---|---|---|
| Castel, Guernsey, Channel Islands, GY5 7HD |
|||
| Bankers | Lloyds Bank pic | ||
| Investment | Bankers | Central Finance Board | ofthe Methodist ChUrch |
| Trustees for Methodist | Church purposes |
| Notes to | Notes to | Circuit llodel | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ttte | General Fund | Trust | Endowment | Total | ||||||
| accounts | tunrestricted) | (Unrestricted) | Funds | 2020-21 | ||||||
| r. | ||||||||||
| income | ||||||||||
| 1 Donations and legacies |
0 | |||||||||
| 2 Income from monetary investments |
1,218 | |||||||||
| 3 income from investment | properdes | 0 | ||||||||
| 4 Assessments on Churches |
194,512 | 184,512 | ||||||||
| 5 Capital Receipts |
0 | |||||||||
| 5 Grants received | 0 | |||||||||
| 7 Other charitable income |
2,775 | 2,7T5 | ||||||||
| 8Total income | 197,782 | 198,505 | ||||||||
| Expenditure 9 Grants and dona5ons |
0 | |||||||||
| 108818nes 8nd 8ssod8ted | costs | 118,939 | 118,939 | |||||||
| 1'I Property maintenance | 7,747 | 7,747 | ||||||||
| 12Connexional assessment |
tt model | trust | levy | 2,079 | ||||||
| 13District Assessment 5 Levy |
W,788 | |||||||||
| 14Depreciaaon | 0 | |||||||||
| 15Ofgce experees | 4,512 | |||||||||
| 15Other outgoings | 92&292 | |||||||||
| 17Total charttatue expendttunr | 270,251 | 0 | 2T2,330 | |||||||
| 18Gains/(losses) on monetary |
investments | |||||||||
| 10Gains/(losses) on investment |
properties | |||||||||
| 20Stet Income/(extrendtture) | -72+8 | -'l,358 | 0 | -73,825 | ||||||
| 2$ Transfers between funds | 0 | |||||||||
| 22Other gains/tiosses) | -78,418 | |||||||||
| 23Net movement in funds |
-148,885 | -1,358 | 0 | -150,241 | ||||||
| 24Tobe funds bfouglrt forward | 930890 | 277398 | 1,208,288 | |||||||
| 25Total funds came@forward | 782,085 | 2F8,042 | $,058,047 |
| Statement of Financial A | ettvN | es (SOF | es (SOF | A)forthe yea | A)forthe yea | r ended 31 | August 2 | 20 | |
|---|---|---|---|---|---|---|---|---|---|
| ttotes to the accounts |
General Fund ttJnreatttctadt |
Circuit Model Trust (Unreatrtcted) |
Endowment Funda |
Total 2019-29 |
|||||
| F | F | F | F | ||||||
| income | 0 | ||||||||
| 1 Donations and legacies 2 income from monetary Investments |
1,526 0 |
||||||||
| 3 Income from investment proper5es 4 Assessments on Churches |
203,063 | 203,083 0 |
|||||||
| 5 Capital Receipts |
0 | ||||||||
| 6 Grants received 7 Other charitable income 6Total Income |
3,936 207,645 |
3,838 208+26 |
|||||||
| Expenditure | 0 | ||||||||
| 9 Grants and donations 10Salaries and associated costs 11 Pfcperty maintenance 12 Connemonai assessment 8 modei |
trust | 6 levy |
115,616 16,112 |
115,816 'l6,112 5,022 45,'I58 |
|||||
| 13 District Assessment aLevy | 0 | ||||||||
| 14Depreciagon 15OIBce expenses 16Other outgoings 17'fetal charitable expenditure |
2,909 111,600 5,022 |
0 | 2,000 111,800 208,015 |
||||||
| 18Galnsl(losses) on monetary |
investments | ||||||||
| 19Gains/{losses) on Investment 20lest Ineomef(expendtturei 21Transfers~funds 22Other gainer(losses) 23ttet movement ln funds |
properges | 4I3P40 142,472 |
0 0 |
4$,080 0 142,472 54,383 1,153,905 |
|||||
| 24Total funds brought forward 2$Total funds carried fervvard |
1,208,288 |
| General Fund | Circuit Nlodel | Circuit Nlodel | Endowment | Totals | Totals | 2021 | Totals | ||
|---|---|---|---|---|---|---|---|---|---|
| (Unmstricted) | Trusts | Funds | 2020 | ||||||
| Notes tothe Accounts |
{Unrestricted) f |
f | f | ||||||
| Fixed Assets Circuit Menses 8 Equipment |
838,435 | 838,435 0 |
1,116,932 0 |
||||||
| Investment properties |
0 | 0 | |||||||
| Investments Total axed ussets |
6 | $38,435 | 1,'t16,932 | ||||||
| Current Assets | 3,493 | ||||||||
| Debtors | 0 | ||||||||
| Loans by the Circuit investments with TlQCP |
76,993 | ||||||||
| Central Finance Board Deposits Cash at Bank and in hand |
32,004 40,998 |
||||||||
| Total current assets | |||||||||
| Current liabilities Creditors (due in under 1year) Grants payable within 2019-20 Total current ]labi/Nes Net current asseW(iabilNes |
T0,3T8 | 195,219 | 2,624 0 |
2,22T 207,'i55 |
|||||
| Total assets less current | |||||||||
| lieblNies | |||||||||
| l.ong term Viabiiities | |||||||||
| (due after mete than one | |||||||||
| pear) Grants payable after 2018-19 Loans to the Circuit |
46,985 | 0 45,885 0 |
0 116,799 0 |
||||||
| 0 | 1,058,047 | 1,208,288 | |||||||
| Funda efthe Circuit General Fund (Unrestri~ |
862,828 | 1,131,295 | |||||||
| Circuit Model Trust Fund | |||||||||
| (Unrestricted) | |||||||||
| Designated Funds (Unrestncted) Total Vnlestncted Funds Endowment Funds Total Funds |
195,218 | 0 0 |
1,N8,047 0 1,668,047 |
1,208,2&8 'l,268,288 |
| 8For information only Money received and passed ontoExternal 0 |
nisations | |
|---|---|---|
| 2020 21 | 2019 20 | |
| Balance brought forward from last year | 100 | 100 |
| Offerings /Gifts -received for External Organisations | ||
| Offerings/Gifts —passed to External Organisations |
||
| Balance carried forward | 100 | 100 |
| Fixtures, | ||||||
|---|---|---|---|---|---|---|
| Sttings | ||||||
| other | and | |||||
| huildmgs | equipment | |||||
| Balance brought forward | 0 | 1,116,932 | 0 | 1,116.932 | ||
| Additions/(Disposals) | 0 | (292,854) | 0 | (292,854) | ||
| Revaluations (+/-) |
0 | 14.357 | 14,357 | |||
| Balance carried forward | 0 | 838,435 | 838,435 |