2020-08-31-accounts - Stoke On Trent Mission Circuit

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Circuit	Ministers
Active	Circuit Ministers	Rev. Kathryn Stephens
		Rev. Ruth Jeffries
Circuit	Lay Workers	Mrs. Amy Wyatt
		Mrs. Alison Price
		Mr. Sam Taylor
		Mrs. Glynis Cooper
		Mr. Brian Tattersall
		Mrs. Lynn Tindale
Circuit	Secretary	Mrs. Bev Beverley Rushton
Circuit	Stewards	Mr. Brian Barber
		Mr. Derek Mack
		Mr. Kenneth Burgess
		Mr. David Greatbatch
		Mr. Timothy Sproston

Treasurer:		Mr. Frederick Sarpong-Boateng
Independent	examiner	Name and address:
		Beaumonts Chartered Accountants
		29/31 Moorland Road, Burslem.
		Stoke on Trent. ST6 1DS
Investment	Bankers	Central Finance Board of the Methodist	Church
		Trustees for Methodist Church purposes

Stoke on Trent Missio	n Circuit	n Circuit	n Circuit					a	rcuh No 1	2/	28
Statement of Financial	Activities (SOFA)for the year			ended	31August	2023
		Notes	to		Circuit Model		Designated
		the		General Fund		Trust	Funds		Total		Total
		accounts		(Unrestricted) (Unrestrkted)			(unrestrkted)		2022-23		2021-22
				6	6		6	6		6
Income
Donations and legacies									0
Income from monetary	investments		4		1,535	4933			grt68		970
Income from investment	properties								0		0
Assessments on Churches			5		284,540				284,540		311,601
Capital Receipts			6						0		137,168
Grants received			7		212				212		1,640
Other charitable income			8		9,753				9,753		9,243
Total inmme					296,040	4,933	0		300,973		460,622
Expenditure
Grants and donations					957				957		8,424
Salaries and associated	costs		10		199,108				199,108		241,282
Property maintenance					9,419				9,419		9,826
Connexional assessment	&model trust levy		12						794		493
District Assessment &Levy			13		58,233	9,350			67,583		63,686
Depreciation									0		0
Office expenses			14		1,118				1,118		2,223
Other outgoings			15		17,418		120,000		137,418		21.233
Total charitable expenditure					286,253	10,143	120,000		416,396		347,167
Gains/(losses) on monetary		investments			0	0	0		0		0
Gains/(losses) on investment		properties			0	0	0		0		0
Net Income/(expenditure)					9,787	(5,210)	(120,000)		(115,423)		113,455
Transfers between funds			16		30,460	42,059			72,519		(20,168)
Other gains/(losses)					0	0			0		0
Net movement in funds					40,247	36,849	(120,000)		(42,904)		93,287
Totalfunds broughtforward					598,051	116,491	122,532		837,074		743,787
Totalfunds carried forward					638,298	153,340	2,532		794,170		837,074

Balance Sheet as at 31	August 2023
											GN
		Notes to			Circuit	Model
		the	General	Fund	Trusts		Designated	Funds	Totals	Totals
		accounts	(Unrestdicted)		(Unrestdcted)		(Unrestrkted)		2022/23	ZBZ1/2Z
				4		5	E		E	E
Fixed Assets
Circuit Manses &Equipment		17		515,000					515,000	515,000	R
Investment properties											R
Investments
Totalfixed assets				515,000					515,000	515,000
Current Assets
Debtors		18		8,520					8,520	8,138	5
Loans by the Circuit Investments with TMCP		19				153,340			153,340	236,491
Central Finance Board Deposits		20		59,473					59,473	53,034	T
Cash at Bank and in hand		21		79,679				2,532	82,211	32323
Totalcurrent assets				147,672		153,340		2,532	303,544	328,986
Current liabilities
Creditors (due in under 1year)		22		24,373					24,373	6,913	U
Grants payable within 2022-23 Total current Babgkles				24,373					24,37S	6,913	V
Net current assets/liabgities				123,299		153,340		2,532	279,171	322,073
Total assets less current	gabilities			638,299		153,340		2,532	794,171	837,073
Long term liabilities (due	after more
than one year)
Grants payable after 2022-23
Loans to the Circuit
Total long term liabilities
Net assets				638,299		153,340		2,532	794,171	837,073	W
Funds ofthe Circuit
General Fund (Unrestricted)				638,298					638,298	598,050
Circuit Model Trust Fund	(Unrestricted)					153,340			153,340	116,491	W
Designated Funds (Unrestricted) Total Unrestricted Funds								2,532	2B32 794,170	122,532 837,073
Restricted Funds
Endowment Funds
TotalFunds				638,298		153,340		2,532	794,170	837,073

Note 4.	Income	from	moneta	ry investments
						Circuit Model
					General	Trust	Designated		Total	Total
					(Unrestricted)	(Unrestricted)	(unrestricted)		2022-23	2021-22
							5
Interest	received	from	Central	Finance Board	1,530				1,530	95
interest	received	from	CAF Bank
Interest	received	from	Model	Trust		4,933			4,933	875
Total					1,535	4,933		0	5,455	970

		Circuit Model
	General	Trust	Designated		Total	Total
	(Unrestricted)	(Unrestricted)	(unrestricted)		2022-23	2021-22
Gateway	13,138				13,138	12,074
Mount Pleasant	6,009				6,009	5,599
New chapel						3,857
Oasis Community	35,753				35,753	45,541
Packmoor	6,272				6,272	6,041
Ponors	23,783				23,783	23,399
Swan Bank	142,251				142,251	161,350
The Village	12,775				12,775	10,822
Wesley Hall	22,739				22,739	20,259
Whilehill	21,820				21,820	21,224
ECG						1,435
Total				0	284,540	311.801

Note 6.	Capital Receipts
			Circuit Model
		General	Trust		Designated		Total	Total
		(Unrestricted)	(Unrestricted)		(unrestricted)		2022-23	2021-22
		f	E		f
Sales Proceeds - Biddulph Park Church								137,168
Total							0	137,168
Note 7.	Grants received
			Circuit Model
		General	Trust		Designated		Total	Total
		(Unrestricted)	(Unrestricted)		(unrestricted)		2022-23	2021-22
				f		f	f	E
Trairing	Grant	212					212
Furlough	Grant from HMRC							1,840
		212				0	212	1,640

Note 8.Ot		her c	harit	able income
								Circuit Slodel
						General		Trust	Designated			Total	Total
						(Unrestricted)		(Unrestricted) E	(unrestricted) E			2022-23 E	2021-22 E
Manse Rent Received - 19Woodland					grove		8,484					8,484	8,808
Newchapel		Rent	Received				1,209					1,209
Methodist	Property			Funds - Gateway			60					60	60
Insurance	Claim												375
							9,753			0		9,753	9,243
Note 9.Grants			and	donations
								Circuit Model
						General		Trust	Designated			Total	Total
						(Unrestricted)		(Unrestricted)	(unrestricted)			2022-23	2021-22
								f.	E			E	E
Connexion		Pension		Reserve Donation									8,100
Donation							957 957					957 957	324 8,424
Note 10a.Salaries				snd associated	costs
								Circuit Model
						General		Tnrst	Designated			Total	Total
						(Unrestricted)		(Unrestricted)	(unrestricted)			2022-23	2021-22
						E		E				E	E
Minister's		Salaries		and associated	Costs:
Stipends	of Presbyters					53,856						53,856	51,648
Employer's		Nl					5,466					5,466	5,218
Ministers		Pension					14,487					14,487	13,893
Super's Allowance							2,693					2,693	2,582
Com in Miriistry			Allowance				352					352	342
Apprentiaehip			Levy Recharge				286					286	274
Lay-worker's			Salaries and associated Costs:
Salaries						110,263						110,263	150,795
Emloyer's		Nl					5,516					5,516	8,078
Pension							5,062					5,062	7,122
Apprenticeship			Levy Recharge				1,126					1,126	1,330
Total						199,108					0	199,108	241,282

Note 11.P	roperty	maintenance
					Circuit Model
				General		Trust	Designated	Total	Total
				(Unrestricted)	(Unrestricted) f		(unrestricted) f	2022-23	2021-22
Council Tsx				4,410				4,410	4,261
Insurance				2,020				2,020	1,892
Water				1,258				1,258	730
Nswchapel	Electricity and Gas			1,008				1,008
Building Inspection		Report (Qdnquennisl
inspections)									1,425
RMG CRA	- Ground	management	for
Sandiacre	Manse			142				142	136
Manse Maintenance				581				581	1,382
Total				9,419				9,419	9,826

Note 12.Connexiona	l assessment 8mode	l trust levy
				Circuit Model
		General		Trust	Designated		Total	Total
		(Unrestricted)		(Unrestricted)	(unrestricted)		2022-23	2021-22
TMCP Admirlstration	Charge			794			794	493
Note 13.District Assessment 6Levy
				Circuit Model
		General		Trust	Designated		Total	Total
		(Unrestricted)	f	(Unrestricted) F.	(unrestricted)	f	2022-23 f	2021-22 f
District Assessmsnt		58,233					58,233	57,544
District levy				9,350			9,350	6,142
Total		58,233		9,350			67,583	63,686

Note 14.	O	ffice exp	enses
					Circuit Model
				General	Trust	Designated	Total	Total
				(Unrestricted) f	(Unrestricted) f	(unrestricted) f	2022-23	2021-22 f
Stationery,		Copying	and Postage	15			15	1,079
Methodist	Handbook
Photocopy		Lease		563				563
Bank Charges				60			60	101
Independent		Examiner's Fees		480				480
Total				1,118			1,118	2,223

Note 15.Other out	goings
					Circuit Model
			General			Trust	Designated	Total		Total
			(Unrestricted) f		(Unrestricted) 6		(unrestricted)	2022-23 6		2021-22 6
Staf expenses reimbtssements				5,196				5,196		6,190
Furkwgh Reimbursement		to Churches								1,640
Rent - 32 Milehouse	Lane			9,702				9,702		9,000
Preaching Expenses				381					381
Methodist Property	Funds								60	60
Telephone
Trairiing									635	25
DSBApplication				38					38
Sales of Manse Expenses		charge by District								2,550
Sundry Expenses/Previous Adjustment		Assessment		523					523	637
Total				17,418				17,418		21,233

Note 16.Tr	ansfer	ofF	unds
								Circuit Model
						General		Twist	Dsslgnstsd	Total	Total
						(Unrestricted) 6		(Unrestricted) 6	(Unrestricted) 6	2022-23 6	2021-22 6
Transfer from Nswchapel			TMCP		to Circuit			42,059		42,059
Transfer from Newchapel			Current		Accounls to
Circdt Cwrent							30,461
Nswchapel	Children	Funds AC to			Circdt Current		3,461			3,461	(17,168)
Payment of Packmoor	Newchapel		Children	Funds to			3,461			3,461	3,000
Total						30,461		42,059		72,520	20,168

					Purlmnlts	on
				Fixtures,	account	and
			Other	fittings snd	assets under
	Land		bugdlngs	~quipment	construcgon		Total
		E	4				E
Balance brought forwsni		515,000					515,000
Addiliorw							0
Revsluacons (+I-)							0
Dlsposals (-)							0
Trarafers (+I-)							0
Bslsncs carded folwsrd		515,000					515,000
Accumulated depraclsdon
Balance brought forward
Deprsciaaon charge for the year (-)
Revaluations (+I-)
Disposals (-) Tlansfers ' (+I-)
Balance carried forward
Net book value
Brought folwsrd		515,000					515,000
Cerned forward		515,000					515,000

Note 18.D	ebtors
					Circuit Igodel
				General	Trust	Designated		Total	Total
				(Unrestrictsd)	(Unrestricted) E	(Unrestricted) E		2022-23	2021-22 f
Total Prepaid Expenses:
Presbytsrs'	Salaries and Associated Costs			6,876				6,876	6,401
Methodist	Irsurance			1,550				1,659
Menses Water Rates								38
RMG CRA	- Ground	management	for Sandiacare
Manse				47				47	48
Total Accrued Income:
Assessments on Churches									1,630
Total				8,520			0	8,520	8,130

Note 19a.Investments with TINCP
			Circuit Model
		General	Trust	Designated	Total	Total	2021.
Trust 9411		(Unrestricted)	(Unrestricted)	(Unrestricted)	2022-23		22
			6	5			5
Opening Balance - 01/09/2022			236,491		236,491		172,851
Add Trust Interest (Note 4)			3,583		3,583		875
Add Property Proceeds - Bid dolph Park Church (Note		6)					137.168
Less Transfer to CFBfor Ministry (Note 17)							(42,500)
Less Transfer between funds -Transfer to Oasis fro
replacement project (Note 17)							(17,168)
Less District levy (Note 14)			9,350				(6,142)
Less TMCP Administration charges (Note 13)			674		674		(493)
Less Pension reserve payment/Donation	(Note 9)						(8,100)
Less Cost of Property on Lord Street - Oasis			120,000		120,000
Closing Balance - 31/08/2023			110,051		110,051		236,491
			Circuit Model
		General	Trust	Designated	Total	Total	2021.
Note 19b.Investments with TMCP		(Unrestricted)	(Unrestricted)	(Unrestricted)	2022-23		22
Trust 16793-Sof Land
Opening Balance - 01/09/2022			41,954		41,954
Add Trust Interest (Note 4)			I,347		1,347
Less TMCP Administration charges (Note 13)			120		120
Closing Balance - 31/08/2023			43,181		43,181
			Circuit Model
		General	Trust	Designated	Total	Total	2021.
Note 19c.Investments with TMCP		(Unrestricted)	(Unrestricted)	(Unrestricted)	2022-23		22
Trust 338 - John Hamlett Legacy for poor
Opening Balance - 01/09/2022
Add Trust Interest (Note 4)
Less TMCP Administration charges (Note 13)
Closing Balance - 31/08/2023			109		109
Total Closin Balance - 31/08/2023			153,340		153,340		236,491

Note 2	0.C	entral Finance Board Deposits
				Circuit Model
			General	Trust	Designated		Total	Total		2021.
			(Unrestricted) f.	(Unrestricted) f	(Unrestricted) f		2022-23		22 f
Central	Finance Bank		59,473				59,473		53,034
Note 21.Cash at Bank and in hand
				Clrcuk Model
			General	Trust	Designated		Total	Total		2021
			(Unrestricted)	(Unrestricted)	(Unrestricted)		2022-23		22
Natwest	Bank		78,448				78,448		26,951
Cooperative		Bank				2,532	2,532		2,532
Charity	Aid	Foundation	1,230				1,230		1,840
Total			79,679			2,532	82,211		31	323

							Circuit Model
					General		Trust	Designated	Total		Total	2021.
					(Unrestricted)		(Unrestricted)	(Unrestricted)	2022-23			22
					f		f	f
Accrued		Expenses - Indeperdent		Examiner's Fees		960
Prepaid	Income - Assessmenis			on Churches	19,308				19,308			6,373
Properly		Furds liability				60				60		60
Cost of	living Gik to Swan		Bank	Staff						500
Miriisters		snd Lay-workers	Expenses		3,830				3,830
Preaching		Expenses				91
Total					24,750				24,858			6,913

23.Money rece	ived and	passed on to External Org	anisations -	Ref	Note 22
			2022-23		2021-22
Balance brought	forward	from last year		60		60
Offerings/Gifts	- received	for External Organisations		60		60
Offerings/Gifts	- passed	to External Organisations		60		60
Balance carried	forward			60		60

		Opening	Incoming	Resources	Closing	Purpose	of
Fund Name		Balance	Resources	Expended	Balance	thefund
		6		6	6
						Support for
						individuals	in
						s ciTic need
						Available	for
						funding
						outreach	and
						development
Dsvslo	nleilt Fufld					work
						Funds
						designated for
						the
						maintenance
Circuit	resorvces centre	122,532		120,000	2,532	of the centre
Totals		2,532	137,168	17,168	122,532

Fund Name	Fund Name		Opening Balance		Incoming Resources	Resources Expended	Closing Balance	Purpose the fund	of
			6		6	6	8
								Support	for
								indrdduals	in
Benemlent		Fund						s ecific need
								Available	for
								funding
								outreach	and
								development
Dsvalo	fnsrll Fuild							work
								Funds
								designated for
								the
								maintenance
Circuit	resources centre			2,532	137,168	17,168	122,532	ofthe centre
Totals				2,532	137,168	17,168	122,532