2020-08-31-accounts

Trustees' Report		2-12
Independent Examiners'	Report	13-14
Statement of Financial	Activities	15-16
Balance Sheet		17
Notes to the Financial Statements		18-28

		Notes to		Circuit Model	Circuit Model	Designated
		the	General Fund		Trust	Funds		Restricted		Endownwnt		Total
		accounts	(Unrestricted)	(Unrestricted)		(unrestricted)		Funds		Funds		2019-20
			E		E	E		E		E		E
Income Donations and legacies Income from monetary investments Income from investmenl properges			1,450 14,234									0 2,411 14~
Assessments on Churches			203,229									203vLFI
Capital Receipts Grants received			37,000									0 37,000
Other charitable Income			60
Total Inconw			255,973		961							256,934
Expenditure Grants and donations			1,130									1,130
Salaries and associated costs			195,001									195,001
Property maintenance Connexlonal assessment 3 model trust levy District Assessment 6 Levy Depreciation Ofgce expenses Other outgoings Total charitable expenditure		11 10	24,403 43,655 3,925 2,400 270,514		2.463 2,463		0		0		0	24,403 2,463 43,655 0 3,925 2,400 272,977
Gains/(losses) on monetary	investments				1,020							-1,020
Gains/(losses) on investment Net inconw/(expendkure) Transfers between funds	properges		-14,541 10,000-		-2,522 10,000		0		0		0	-17,063 0
Other gains/(losses)
Net move nant In funds			%,541		-12,522		0		0		0	-17,063
Total funds brought forward			1,466,761		91,171							1,557,932
Total funds carried forward			1,462vu0		78,649							1,540,869

				Notes to			Circuit Model	Circuit Model	Designated
				the	General	Fund		Trust	Funds		Restricted		Sndownwnt		Total
				accounts	(Unrestricted)		(Unrestricted)		(unrestricted)		Funds		Funds		2018-19
					6			5	5		2		5
Income
Donations and legacies															0
Income from monetary investments Income from Investment properties						1,342 13,778		1,319							2,661 13,778
Assessments on Churches					202,089										202,089
Capital Receipts															0
Grants received						37,000									37,000
Other charitable Income						417
Total inconw					254,626			1,319							255,945
Expenditure Grants and donations						1,932									1,932
Salaries and associated	costs				181,357										181,357
Property maintenance						27,020									27,020
Conntsdonal assessment	&	model trust	li					2,821							2,821
District Assessment &Levy						43,447									43,447
Depreciation															0
Oflice expenses Other outgoings				11 12		1,906 3,311									1,906 3.311
Total charitable expenditure					258,973			2,821		0		0		0	261,794
Gains/(losses) on monetary		investments
Gains/(losses) on Investment		properties
Net Income/(expenditure) Transfers between funds						%,347 10,000	-	-1,160 10,000				0		0	-5,507 0
Other gains/(losses)
Net movenwnt In funds						5,653		-11,160		0		0		0	-5,507
Total funds brought forward					1,461,108			102,331							1,563,439
Total funds carried forward					1,466,761			91,171							1,557,932

						General	Fund	Clrcuh Model	Dedgnsted		Remdcted		Endowment			Total ~	Tour I~
						(Unremrlcted)		Trusts	Funds		Funds		Funds			2019/20	2010I19
					holes toIhs			(Unreslrlsled)	(Unremrlmsd)
					Accoorlis	2		2	2
Flsad	Awmm
Circuit	Menses 8 Equlpmenl				12		855.000									855,000	855,000
Irrwlslmwll ploperdes hmslmenls					13 14		415.MO	78.650							r	415,000 78,650	415.000 91.171
			'Total gsed eswrfs			1,270.000		70.650		0		0		0		1,348,650	1,361,171
Current Assets
Debtom					16		2.154									2,154	437
Loans	by the Circuit															0
Inwetmenls with IMCP																0
Central Finance Board Deposits					13		101,537									191,537	103,742
Cash	at Bans snd in	hand			13		40.676									40.676
		Total current		assets				0		0		0		0		234,367	230,476
Current Dabgldes
Cnulitom (due ln under			I year)		15		42,148									42.148	41,715
Grants	payable mlhrn	2018.19														0
	Total		current Iiebigries				42,148	0		0		0		0		42,140	41,715
	Net current		assets'llsagldes				192,219	0		0		0		0		192,219	196,761
	reed asmm iem		cununr frebedes			1,462,219		70,650		0		0		0		1,540,069	1,557,932
long	term liabilities
(due	after more than one yeM)
Grants	payable alter	2018-19
Loans	lo the Drcu I
			Nef assets			1,462,219		78,650		0		0		0		1,540,860	1,557,932
Funds	ofthe Clmuh
General Fund (Unnmlricted)						1483 219										1,462,210	1,466,761
Gmurl	Model Trust Fund (Unrestricted)															78,650	01.171
Designated Funds (Unrestricted)																0
	Toed	Urrreslrfclsd		Furrds												1,540,069	1,557,932
Restricted Funds																0
Endowment Funds																0
			Tolsf Funds			1,462,210		75,650		0		0		0		'I,540,860	1,557,032

	Unrestricted' iGeneral	Circuit, Model ''	20208	Unrestricted 'General	Unrestricted 'General	' Circuit IModel Thrust'	20198
	:Fund 8	Trust-		Fund 8	.	Fund'K
		Fund, ls
2	7,389		7,389		6,933		6,933
Woodman
Close
1A New	6,845		6,845		6,845		6,845
Street
Total	14,234		14,234	13,778			13,778

Pr'asbyters	Unrestricted		Circuit-,	20208	Unrestricted'	Unrestricted'		Circuit
	General		Model		'General	Fund		Modeli
	'!Fund 8		Trust'					,Trust
			Fund R'					.Fund', 8
Stipends and	102,123			102,123		98,769
allowances
National	9,386			9,386		9,022
Insurance
Pension	26801			26,801		26,066	'.
Costs
Sub total	138,310			138,310	133,857
Telephone	10,665			10,665		14,386
and Travel		i					I
Postage &	3,533			3,533		14,386
Stationery
Miscellaneous	2,899			2,899		1,630	'
Total	155,407			155,407	149,873

		R2020;I	82019
I Insurance,	Council tax	13,299	13,710
&utilities
i General maintenance i on menses and other		11,104	13,310
Circuit properties
~Total		24,403	27,020

	Unrestricted',	,Circuit	f2020	Unfestrlctedi	Circuit	2019f
	.General Fundf	'Model Trust Fund f		General' Fund f	Model ,Trust Fund f-
Visiting				785		785
preachers
Benevolent	327		327	388
Fund
Apprenticeship	1,122		1,122	1,236		1,236
levy and
payroll fee
Gifts	522		522	66		66
Miscellaneous	429		429	836		836
Total	2,400		2,400	3311		3 311

		'Unrest'rlcted	Circuit	.2020.f~	'	'Unrestricted"	'Unrestricted"	'Unrestricted"		~Circultr	2019f
		Generali' ,Fund f-.	Models Trust-' Fu'nd f-'.			;General, Fundf,			,	,Model ITrust 'Fund f;
Website		215		215				191			191
	Printing postage	2,242		2,242			1,373				1,373
	and stationery 8
telephone Computer costs I—								282			282
'	Furniture							60
~ Twelve Baskets		428		428
I	Office rent	1,040		1,040
I.
	Total	3,925		3,925			1,906				1,906

			.Circuit	.Circuit	.Circuit		',Endowments	',Endowments	',Endowments	.		20206	Circuit	Circuit			Endo'wments	Endo'wments	,2019,R	,2019,R
			iModel										IINodel	Trust			K'
			Trust										iFund	K'
			Fund		R-
MTF					78,650							78,650		91,171					91,171
Total				78,650								78,650		91,171					91,171
e funds that		support			the		Circuit		Model Trust		Fund are held by TMCP			in	the	Trustees Interest Fund			on
ich interest		is	credited			each		month. TMCP			is	the legal owner	and custodian				trustee of all Methodist		model
st property		including			legacies,				endowments		and accumulated		funds.
5.Credito	r	s,		Accruals				and Income			in advance
is expected		that		all sums			accrued at 31 August 2019will be paid in the year										to 31	August 2020.
				Unrestricted					Circuit			2020.R	. Unrestricted					Circuit	2019K.
			.	General.					Model				General					Mo'del
				'Fund		R			Trust,				Fund R					iTrust'
									Fun'd R-									Fund', R
Income in
advance
Assessments						38,764			I			38,764			40,418				40,418
in advance									I
Creditors
and
accruals
Assessments
overpaid
Ministers	and						1,256					1,256				1,152				1,152
other
expenses
Property							2,128					2,128								40
~costs OfficeI—																	105
, Other —--
Total						42,148						42,148			41,715				41,715