| 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 |
| Statement ofFinancial | Activitie | s (SOF | A)forthe ye | ar ended 31 | August 2 | 0 | 23 |
|---|---|---|---|---|---|---|---|
| Notes to | Circuit IIodel | ||||||
| the | General Fund | Trust | Endowment | Total | |||
| accounts | {Unrestricted) | (Restricted) | Funds | 2022-23 | |||
| Income | |||||||
| 1 Donations and legacies |
0 | ||||||
| 2 Income from monetary investments 3 Income from investment properties |
2,770 | 24,725 | 27,495 0 |
||||
| 4 Assessments on Churches 5 Capital Receipts 6 Grants received |
180,034 | 393,419 | 180,034 393&419 0 |
||||
| 7 Other charitable income 6Total Income |
928 183,732 |
418,144 | 928 601,876 |
||||
| Expenditure | |||||||
| 9 Grants and donations |
0 | ||||||
| 10Salaries and associated costs 11 Property maintenance 12Connexional assessment &model trust 13District Assessment &Levy 14Depreciation |
6 levy |
194,341 31,304 48,100 |
49,622 | 194,341 31,304 49,622 48,100 0 |
|||
| 150%ceexpenses 16Other outgoings 17Total charitable expenditure 16Gains/(losses) on monetary investments |
6,905 49&688 330,337 |
49,622 | 0 | 6,905 49,688 379,960 |
|||
| 19Gains/(losses) on investment |
properties | ||||||
| 20 Net income/(expenditure) | -146,605 | 368,521 | 0 | 221,916 | |||
| 21 Transfers between funds |
0 | ||||||
| 22 Other gains/(losses) 23 Net movement in funda |
91,312 45,293 |
368,521 | 0 | 91,312 313,228 |
|||
| 24Total funds brought forward | 1,392,870 | 230,178 | 1,623,048 | ||||
| 25Total funds carried forward | 1,337,577 | 598,699 | 1,936,276 |
| Statement ofFinancial | Activitie | s (SOF | A) forthe ye | ar ended 31 | August 2 | 0 | 22 |
|---|---|---|---|---|---|---|---|
| Notes to | Circuit IIodel | ||||||
| the | General Fund | Trust | Endowment | Total | |||
| accounts | (Unrestricted) | (Restricted) | Funds | 2021-22 | |||
| F | |||||||
| Income | |||||||
| 1 Donations and legacies |
0 | ||||||
| 2 Income from monetary investments 3 Income from investment properties 4 Assessments on Churches 5 Capital Receipts 6 Grants received 7 Other charitable income 6Total income |
583 170,833 619 172,015 |
1,30'7 562,?2? 564,034 |
1,8?0 0 1?0,833 562,727 0 619 735,049 |
||||
| Expenditure | |||||||
| 9 Grants and donations |
0 | ||||||
| 10Salaries and associated costs 11 Property maintenance 12Connexional assessment &model trust 13District Assessment &Levy |
6 levy |
190,581 14,1?9 47,528 |
47,171 | 190,581 14,1?9 47,171 47&528 |
|||
| 14Depreciation | 0 | ||||||
| 16Office expenses 16Other outgoings 1?Total charitable expenditure 16Gains/(losses) on monetary investments |
6,692 37,854 296&834 |
47,171 | 0 | 6,692 37,854 344,005 |
|||
| 19Gains/(losses) on investment |
properties | ||||||
| 20 Net Income/(expenditure) 21 Transfers between funds |
-124,819 | 516,883 | 0 | 392,044 0 |
|||
| 22 Other gains/(losses) 23 Net movement In funds |
172,957 48,138 |
516,863 | 0 | 172,957 S6&,OO1 |
|||
| 24 Total funds brought forward 25Total funds carried forward |
7&2,005 830,143 |
276,042 792,905 |
1,058,04? 1&823&048 |
| Notes to the | General Fund {Unrestricted) |
Circuit Iiwodel Trusts fRestricted) |
Endowment Funds |
Totals 2023 | Totals 2022 |
|
|---|---|---|---|---|---|---|
| Accounts | ||||||
| Fixed Assets | ||||||
| Circuit Manses 8 Equipment Investment properties |
1,068,037 | 1,068,037 0 |
983,483 0 |
|||
| Investments Total fixed assets |
1,068,037 | 0 | 0 1,068,037 |
0 983,483 |
||
| Current Assets | ||||||
| Debtors | 0 | 0 | ||||
| Loans by the Circuit | 0 | 0 | ||||
| Investments with TMCP Central Finance Board |
?83,791 | 783,791 | 641,376 | |||
| Deposits Cash at Bank and in hand Total current assets Current liabilities |
142,533 33,215 175,748 |
783,791 | 0 | 142,533 33,215 959 539 |
36,570 43,357 721,303 |
|
| Creditors {due in under 1 year) Grants payable within 2019-20 |
48,313 | 48,313 0 |
39,751 0 |
|||
| Total current liabilities Net current assetsiliabilities |
49,313 126,435 |
783,791 | 0 0 |
49,313 910,226 |
39,751 681,552 |
|
| Total assets less current | ||||||
| liabilities | 1,184,472 | 783,791 | 0 | 1,978,263 | 1,665,035 | |
| Long term liabilities | ||||||
| (due after more than one | ||||||
| year) | ||||||
| Grants payable after 2022-23 Loans to the Circuit |
41,987 | 0 41,987 |
0 41,987 |
|||
| 0 | 0 | |||||
| Net assets | 1,152,485 | 783,791 | 0 | 1,936,276 | 1,623,048 | |
| Funds ofthe Circuit | ||||||
| General Fund (Unrestricted) Circuit Model Trust Fund |
1,152,485 | 1,152,485 | 981,672 | |||
| (Restricted) | 783,791 | 783,791 | 641,376 | |||
| Designated Funds (Unrestricted) |
0 | |||||
| Total Unrestricted Funds |
1,936,276 | 1,623,048 | ||||
| Endowment Funds |
0 | 0 | ||||
| Total Funds | 1,152,485 | 783,791 | 0 | 1,936,276 | 1,623,048 |
==> picture [437 x 70] intentionally omitted <==
==> picture [438 x 87] intentionally omitted <==
| 8Forinform | ation only Money received and passed on to |
anisations External Org |
|
|---|---|---|---|
| 2022 23 | 2021 22 | ||
| Balance brought forward from last year | 100 | 100 | |
| Offerings/Gifts | -received for External Organisations | ||
| Offerings/Gifts | -passed to External Organisations | 250 | |
| Balance carried forward | |||
| 3SO | 100 |
| Fixtures, | |||||||
|---|---|---|---|---|---|---|---|
| fittings | |||||||
| Other | alld | ||||||
| Land | Manses | buildings | equipment | Total | |||
| Balance brought forward | 0 | 983,484 | 983,484 | ||||
| Additions/(Disposals) | 0 | 0 | |||||
| Revaluations (+/-) |
0 | 84,553 | 84,553 | ||||
| Balance carried forward | 0 | 1.068,037 | 0 | 1,068,037 |