#
##
##
##
##
##
##
##
##
##
##
|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|
##