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|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|
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|||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|
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|||||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|
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|||||||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|
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||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|
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|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|||||
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|||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|
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||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|
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|||'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|
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||||.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||
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