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|Independent|examiner|Mr Oliver Newey ACA,|Dove Cottage, Route de Cobo,|
|---|---|---|---|
|||Castel, Guernsey,<br>Channel<br>Islands, GY5 7HD||
|Bankers||Lloyds Bank pic||
|Investment|Bankers|Central Finance Board|ofthe Methodist<br>Church|
|||Trustees for Methodist|Church purposes|



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|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<br>Donations<br>and legacies|||||||0|
|2<br>Income from monetary<br>investments<br>3<br>Income from investment<br>properties|||2,770|24,725|||27,495<br>0|
|4 Assessments<br>on Churches<br>5<br>Capital Receipts<br>6<br>Grants received|||180,034|393,419|||180,034<br>393&419<br>0|
|7<br>Other charitable<br>income<br>6Total Income|||928<br>183,732|418,144|||928<br>601,876|
|Expenditure||||||||
|9<br>Grants and donations|||||||0|
|10Salaries and associated costs<br>11 Property maintenance<br>12Connexional<br>assessment<br>&model trust <br>13District Assessment<br>&Levy<br>14Depreciation||6<br> levy|194,341<br>31,304<br>48,100|49,622|||194,341<br>31,304<br>49,622<br>48,100<br>0|
|150%ceexpenses<br>16Other outgoings<br>17Total charitable expenditure<br>16Gains/(losses)<br>on monetary<br>investments|||6,905<br>49&688<br>330,337|49,622||0|6,905<br>49,688<br>379,960|
|19Gains/(losses)<br>on investment|properties|||||||
|20 Net income/(expenditure)|||-146,605|368,521||0|221,916|
|21 Transfers<br>between<br>funds|||||||0|
|22 Other gains/(losses)<br>23 Net movement<br>in funda|||91,312<br>45,293|368,521||0|91,312<br>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|





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|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<br>Donations<br>and legacies|||||||0|
|2<br>Income from monetary<br>investments<br>3<br>Income from investment<br>properties<br>4 Assessments<br>on Churches<br>5<br>Capital Receipts<br>6<br>Grants received<br>7<br>Other charitable<br>income<br>6Total income|||583<br>170,833<br>619<br>172,015|1,30'7<br>562,?2?<br>564,034|||1,8?0<br>0<br>1?0,833<br>562,727<br>0<br>619<br>735,049|
|Expenditure||||||||
|9<br>Grants and donations|||||||0|
|10Salaries and associated costs<br>11 Property maintenance<br>12Connexional<br>assessment<br>&model trust <br>13District Assessment<br>&Levy||6<br> levy|190,581<br>14,1?9<br>47,528|47,171|||190,581<br>14,1?9<br>47,171<br>47&528|
|14Depreciation|||||||0|
|16Office expenses<br>16Other outgoings<br>1?Total charitable expenditure<br>16Gains/(losses)<br>on monetary<br>investments|||6,692<br>37,854<br>296&834|47,171||0|6,692<br>37,854<br>344,005|
|19Gains/(losses)<br>on investment|properties|||||||
|20 Net Income/(expenditure)<br>21 Transfers<br>between<br>funds|||-124,819|516,883||0|392,044<br>0|
|22 Other gains/(losses)<br>23 Net movement<br>In funds|||172,957<br>48,138|516,863||0|172,957<br>S6&,OO1|
|24 Total funds brought forward<br>25Total funds carried forward|||7&2,005<br>830,143|276,042<br>792,905|||1,058,04?<br>1&823&048|





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||Notes to the|General Fund<br>{Unrestricted)|Circuit Iiwodel<br>Trusts<br>fRestricted)|Endowment<br>Funds|Totals 2023|Totals<br>2022|
|---|---|---|---|---|---|---|
||Accounts||||||
|Fixed Assets|||||||
|Circuit Manses 8 Equipment<br>Investment<br>properties||1,068,037|||1,068,037<br>0|983,483<br>0|
|Investments<br>Total fixed assets||1,068,037||0|0<br>1,068,037|0<br>983,483|
|Current Assets|||||||
|Debtors|||||0|0|
|Loans by the Circuit|||||0|0|
|Investments<br>with TMCP<br>Central Finance Board|||?83,791||783,791|641,376|
|Deposits<br>Cash at Bank and in hand<br>Total current assets<br>Current<br>liabilities||142,533<br>33,215<br>175,748|783,791|0|142,533<br>33,215<br>959 539|36,570<br>43,357<br>721,303|
|Creditors {due in under<br>1 year)<br>Grants payable<br>within 2019-20||48,313|||48,313<br>0|39,751<br>0|
|Total current liabilities<br>Net current assetsiliabilities||49,313<br>126,435|783,791|0<br>0|49,313<br>910,226|39,751<br>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<br>Loans to the Circuit||41,987|||0<br>41,987|0<br>41,987|
||||||0|0|
|Net assets||1,152,485|783,791|0|1,936,276|1,623,048|
|Funds ofthe Circuit|||||||
|General<br>Fund (Unrestricted)<br>Circuit Model Trust Fund||1,152,485|||1,152,485|981,672|
|(Restricted)|||783,791||783,791|641,376|
|Designated<br>Funds (Unrestricted)|||||0||
|Total Unrestricted<br>Funds|||||1,936,276|1,623,048|
|Endowment<br>Funds||||0|0||
|Total Funds||1,152,485|783,791|0|1,936,276|1,623,048|





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|8Forinform|ation<br>only Money received and passed on to|anisations<br>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|





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||||||Fixtures,|||
|---|---|---|---|---|---|---|---|
||||||fittings|||
|||||Other|alld|||
||Land||Manses|buildings|equipment||Total|
|Balance brought forward||0|983,484||||983,484|
|Additions/(Disposals)||0|0|||||
|Revaluations<br>(+/-)||0|84,553||||84,553|
|Balance carried forward||0|1.068,037|||0|1,068,037|



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