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2022-08-31-accounts

Notes to Circuit Model Circuit Model Designated
the General Fund Trust Funds Restricted Endowment Total Total
accounts (Unrestriicted) (Unrestricted) (unrestricted) Funds Funds 2021-22 2020-21
8 8 5 6 6 2
Income
1 Donations
and legacies
Income from monetary
2 investments 05 875 970 271
Income from investment
3 properties
4 Assessments
on Churches		 311,601 311,601 369,845
5 Capital Receipts 137,168 137,168
6 Grants received 1,640 1,640 18,635
7 Other charitable
income		 9,243 9443 164,370
8 Total income 322 79 875 137168 460 622 55 121
Expenditure
9 Grants and donations 8,100 8,100
10Salaries and associated costs 10a 241,252 241,282 297,447
11 Property maintenance 9,826 9,826 12,072
12 Connexional
assessment		 &
model trust levy 12 493 493 145
13Distnct Assessment
&Levy		 13 57,544 6,142 63,686 103,288
14 l3epreciation
15Office expenses 14 2,223 2423 1,184
16Other outgoings 15 21,557 21,557 25,731
17Total charitable
expenditure		 332432 1 735 347167 439867
15 Gains/(losses)
on monetary
investments
Ig Gains/(tosses)
on investment
properties
20 Net income/(expenditure) (9,853) (13,860) 137,168 113,455 113,255
21 Transfers
between
funds		 16 39,500 (42,500) (17,168) (20,168) (175,000)
22 Other gains/(losses)
23 Net movement
in funds		 29 47 56.36 120.000 93287 61745
24 Total funds
brought
forward		 568,404 172,851 2,532 743,787 805,532
25Total funds serried forward 598051 116491 122532 837 074 743787

General Fund Clrcu/t Model Designated Restricted Endowment Totals Totals
(Unrestricted) Trusts Funds Funds Funds 2021/22 2020/21
Notes to (Unrestricted) (Unrestricted)
the
Accounts
Fixed Assets
Circuit Menses
& Equipment		 17 515,000 515,000 515,000
Investment
properties
Investments
Total fixed assets 515,000 515,000 515,000
Current Assets
Debtors 18 8,138 8,138 8,699
Loans by the Circuit
Investments
with TMCP		 19 116,491 120,000 236,491 172,851
Central
Finance Board
Deposits 20 53,034 53,034 29,347
Cash at Bank and in hand 21 28,791 2,532 31,323 24,888
Total current assets 89963 116491 122532 328986 215786
Current liabilities
Creditors
(due in under		 1
year) 6913 6913 6999
Total current
liabilities		 6913 6913 6999
Net current assets/liabilities 83,050 116,491 122,532 322,073 228,787
Total assets lass current
liabilities 598,050 116,491 122,532 837,073 743,787
Long term liabilities
(due after more than one
year)
Grants
payable aher		 2021-22
Loans to the Circuit 27
Net assets 598,050 116,491 122,532 837 073 743787
Funds ofthe Circuit
General
Fund (Unrestricted)		 598,050 598,050 568,404
Circuit Model Trust Fund
(Unrestricted) 116,491 116,491 172,851
Designated
Funds
(Unrestricted) 28 122,532 122,532 2,532
Total Unrestricted Funds 837,073 743,787
Restncted
Funds
Endowment
Funds
Total Funds 598050 116491 122,532 837073 743 787

Note 4. Income from monet ary
inve		 stments
Circuit Model
General Trust Designated Total Total
(Unrestricted)
f		 (Unrestricted)
2		 (unrestricted)
f		 2021-22
2		 2020-21
2
Interest received from Central Finance Board 95 35
Interest recewed from Model Trust 875 875 236
Total 95 875 0 970 271

Circuit Model
General Trust Designated Total Total 2020-
(Unrestdicted) (Unrestricted) (unrestricted) 2021-22 21
Gateway 12,074 12,074 9,693
Mount Pleasant 5,599 5,599 5,133
Newchapel 3,857 3,857 3,216
Oasis Community 45,541 45,541 43,112
Psckmoor 6,041 6,041
Pottoi's 23,399 23,399 34,434
Swan Bank 161,350 161,350 144,111
The Village 10,822 10,522 4,854
Wesley Hall 20,259 20,259 15,069
Whitehill 21,224 21,224 21,557
ECG 1,435 1,435 7,350
Number 11 53.253
Distnct Contnbution towards staff cost 22,120
Total 311,601 0 311601 369,845
Note 6.Capital R eceipts
Circuit Model
General Trust Designated Total Total 2020-
(Unrestdicted) (Unrestricted) (unrestricted) 2021-22 21
Sales Proceeds - 172 Birches Heads Rd Manse 162,173
Sales Proceeds - Biddulph perk Church 137,168 137,168
Total 0 137,168 137,168 162173

Note 7.Grants rece ived
Circuit Model
General Trust Designated Total Total
(Unrestricted) (Unrestricted) (unrestricted) 2021-22 2020-21
6 F. f
Furlough
Grant		 from HMRC 1,640 1640 18,635
Note 8.Other charitable income
Circuit Model
General Trust Designated Total Total
(Unrestricted)
f		 (Unrestricted)
5		 (unrestricted)
2		 2021-22
5		 2020-21
Manse Rent Received - 19Woodland grove 8,808 8,808 5,705
Methodist
Property		 Funds - Gateway 60 60
insurance
Claim		 375 375 1 408
9,243 0 9,243 7,113
Note 9.Grants and donations
Circuit Model
General Trust Designated Total Total
(Unrestricted) (Unrestricted) (unrestricted) 2021-22 2020-21
5 E f 5
Connexion
Pension		 Reserve Donation 8,100 8100
Note 10a.Salaries and associated costs
Circuit Model
General Trust Designated Total Total
(Unrestricted) (Unrestricted)
f		 (unrestricted)
6		 2021-22
f		 2020-21
Minister's
Salaries		 and associated Costs:
Stipends ofPresbyters 51,648 51,648 51,048
Employer's
Nl		 5,218 5,218 5,697
Ministers
Pension		 13,893 13,893 13,049
Super's Allowance 2,582 2,582 2,552
Com in Ministry Allowance 342 342 338
Apprenticeship Levy Recharge 274 274 314
Lay-worker's Salaries and associated Costs:
Stipend/Salaries 1 50,795 150,795 201,357
Emloyer's
Nl		 8,078 8,078 12,423
Pension 7,122 7,122 8,626
Contribution
to		 Statutory Maternity Leave 299
Apprenticeship Levy Recharge 1,330 1,330 1,744
Total 241 282 0 241,282 297447
The average
number offull-time		 equivalent employees m the year 8 15

Trustees
paid for ad		 ditional
services provided
to the Circuit by a		 greement
with the Circuit Meeting.
2021-22 2020-21
Number ofTrustees paid 0 0
Total amount f0.00 EO 00

Note 11.P roperty maintenance
Circuit Model
General Trust Designated Total Total
(Unrestricted) (Unrestricted) (unrestricted) 2021-22 2020-21
E f E f
Council Tax 4,261 4,261 4,539
Insurance 1,692 1,692 2,134
Water 730 730 1,009
Building
Inspection		 Report (Quinquennial
inspections) 1,425 1,425
RMG CRA - Ground management for
Sandiacre Manse 136 136 106
Manse Maintenance 1 382 9,202
Total 9 826 9,826 16989
Note 12.Connexlona l
assessment
8		 model trust levy
Circuit Model
General Trust Designated Total Total
(Unrestricted) (Unrestricted) (unrestricted) 2021-22 2020-21
f f f f
TMCP Administration Charge 493 493 145

Circuit Model
General Trust Designated Total Total
(Unrestricted) f (Unrestricted)
E		 (unrestricted) 2021-22
f		 2020-21
f
District Assessment 57,544 57,544 56,612
District levy 6,142 6,142 46,676
Total 57 544 6 142 63,686 103,288

Note 14. ONce e xp ens es
Circuit Model
General Trust Designated Total Total
(Unrestricted) (Unrestricted) (unrestricted) 2021-22 2020-21
5 6 5
Stationery, Copying and Postage 1,079 1,079
Methodist Handbook 118
Photocopy Lease 563 563 563
Bank Charges 101 101 23
Independent
Examiner's		 Fees 480 480 480
Total 2 223 2,223 1 184
Note 15.Other outgoings
Circuit Model
General Trust Designated Total Total
(Unrestricted)
5		 (Unrestricted)
F		 (unrestricted)
f		 2021-22
6		 2020-21
f
Staff expenses
reimbursements		 6,190 6,190 5,842
Furlough Reimbursement to Churches 1,640 1,640 18,635
Rent - 32 Milehouse Lane 9,000 9,000
Preaching Expenses 196
Methodist Property Funds 60 60
Telephone 935 935 1,075
Training 25 25
DSBApplication 120
Sales of Manse Expenses charge by District 2,550 2,550
Donations 324 324
Sundry Expenses 637 637 59
Total 21,557 21 557 25 731
Note 16.Transfer ofFunds
Circuit Model
General Trust Designated Total Total
(Unrestricted) (Unrestricted) (Unrestricted) 2021-22 2020-21
Transfer from TMCP to CFB 59,668 (42,500) (17,168) - (175,000)
Transfer to Oasis for replacement protect (17,168) (17,168)
Grant to Wesley Hall 3,000 3,000
Total 39 500 42,500 17,168 20,168 175000

Fixtures, Payments on
fittings account and
Other and assets under
Land Menses bugdings equipment construction Total
5 8 5
Balance brought forward 515,000 515,000
Additions 0
Revaluations
(+/-)		 0
Disposals
(-)		 0
Transfers * (+/-) 0
Balance carried forward 515,000 515000
Accumulated
depreciation
Balance brought forward
Depreciation
charge for the year (-)
Revaluations
(+/-)
Disposals (-)
7'ransfers * (+/-)
Balance carried forward
Net book value
Brought fonvani 515,000 515,000
Gamed
forward		 515000 515000
Note 18.D ebtors
Circuit Model
G an a mt Trust Designated Total
(Unrestricted) (Unrestricted) (Unrestricted) 2021-22 Total 2020-21
5 5 2 9 5
Total Prepaid Expenses:
Presbyters' Salanes and Associated Costs 6,401 6,401 6,097
Methodist Insurance 1,892
Menses
Water Rates		 59 5g 69
RMG CRA - Ground management for Sandiacare
Manse 48 3g
Total Accrued Income:
Assessments
on Churches		 1 630 I 630 602
Total 8,138 8,138 8,699

Note 19.Investments
with TMC		 P
Circuit Model
General Trust Designated Total
(Unrestricted)
f		 (Unrestricted)
f		 (Unrestricted) 2021-22
f		 Total 2020-21
f
Opening
Balance - 01/09/2021		 172,851 172,851 72,263
Add Trust Interest(Note
4)		 875 875 236
Add Property
Proceeds - 172Birches Heads Rd
Manse 162,173
Add Property
Proceeds - Biddulph		 Park Church (Note 137,168 137,168
Less Transfer to CFBfor Ministry (Note 17) 42,500 (42,500) (15,000)
Less Transfer between
funds - Transfer to Oasis fro
replacement
project (Note 17)		 (17,168) (17,168)
Less District levy (Note 14) 6,142 (6,142) (1,807)
CPF Levy Taken due to Sales of manse (44,869)
Less TMCP Administration
charges (Note 13)		 493 (493) (145)
Less Pension reserve
payment/Donation
(Note 9)		 8,100 18,1001
Closing Balance - 31/08/2022 116491 120000 236,491 172,851

Note 2 0.C entral Finance Board Deposits
Circuit Model
General Trust Designated Total
(Unrestricted) (Unrestricted)
f		 (Unrestricted)
f		 2021-22
f		 Total 2020.21
f
Central Finance Bank 53034 53034 29,347
Note 21.Cash at Bank and in hand
Circuit Model
General Trust Designated Total
(Unrestricted) (Unrestricted) (Unrestricted) 2021-22 Total 2020-21
f f f.
Natwest Bank 26,951 26,951 21,356
Cooperative Bank 2,532 2,532 2,532
Chanty Aid Foundation 1,840 1,840 1,000
Total 28,791 2,532 31 323 24,888

Nota 22 .Credit ors
(due in und		 er
1 year)
Circuit Model
General Trust Oesignated Total
(Unrestricted) (Unrestricted) (Unrestricted) 2021-22 Total 2020-21
Accrued Expenses -Independent Examiner's Fees 480 480 480
Prepaid Income - Assessments on Churches 6,373 6,373
Property Funds kability 60 60 60
Total 6,913 6,913 6999
Note 24. Transfer to Oasis for Biddulph Note 24. Transfer to Oasis for Biddulph Note 24. Transfer to Oasis for Biddulph Note 24. Transfer to Oasis for Biddulph Park Church replacement replacement project - refer note 16
F.
Amount transfer from Circuit to Oasis 17,168
Biddulph
Park		 Church Sale:
Floorplan
for sale brochure		 50
Architect details for B.P. Church 960
Lord Street Purchase:
Search charges 852
Asbestos survey 300
Electrical survey 98
Electncal equipment 2,315
Total spent 4,575
Balance at 31 August 2022 12,593
25.Money received and passed on to External Organisations - Ref Note 22
2021-22 2020-21
Balance brought forward from last year 60
Offenngs/Gifts
-		 received from External Organisations 60 60
Offenngs/Giffs
-		 passed to External Organisations 60
Balance carried forward 60 60