2021-08-31-accounts - Deptford Methodist Church & Mission

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 1st Sep 2020 To 31[st] Aug 2021

Section A Reference and administration details

Charity name Deptford Methodist Church/Mission

Other names charity is known by

Registered charity number (if any) 1129207 Charity's principal address 1 Creek Road

London

Postcode SE8 3BT

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year
	Omobolaji Nzekwe
	Bamikole Roberts
	Catherine Piombo
	Donatus Okoko
	Stephen Asare
	Daniel Tokenge
	MaryWhite
	Veronica Abbey
	Theodora Abbey Tetteh
	Alison Christie
	Edet Okon
	Anna Cobbinah
	Kofi Antwi
	Ola Ibironke
	Nadette Okon
	Anastasia Brown Dosoo
	Ini Okoko
	Anastasia Nketchi Nnamani
	Tinu Ogundari
	JoyNnamani

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Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Deed of Union of the Methodist Church (1976) Type of governing document

(eg. trust deed, constitution)

Trustee appointment is by membership of the church council, which is How the charity is constituted made up of all church members under Methodist Standing Orders, as the (eg. trust, association, company) church has a membership of less than 49.

Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;

The Trustees of the charity, as represented by the church council, have governance over the building and the daily work of the church.

The church is part of a wider local group of Methodist churches, the Southwark and Deptford Circuit, in which policy decisions about staffing and mission for the whole circuit are made.

Governing the work of the church and of all Methodist churches in Great Britain is the Methodist Church of Great Britain, the governing document of which is listed above as the governing document for this charity.

relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Deptford Methodist Church/Mission exists to share the love of God with all and to witness that Jesus Christ is Lord and Saviour of all. As a Mission it serves the community of Deptford and works with others to Summary of the objects of the improve the lives of people in this diverse area with its challenges of charity set out in its poverty and other deprivation. We believe that our Christian faith should governing document be seen in action serving others. The church is fully involved with the Disabled People’s Contact to help the elderly and disabled by having a day centre on its premises. The church encourages other agencies that are in sympathy with our general aims to use our building and help

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others. As part of the Southwark and Deptford Circuit it is committed to the wider work of the church in the world. As a Mission we take seriously John Wesley’s words ‘The world is my parish’. The church represents in its membership many different countries of the world, particularly from Africa, and so our service takes on a global significance. Deptford Methodist Church/Mission welcomes all by opening its doors to everyone whatever their situation. Weekly worship. Study groups. Pastoral care. Support of Contact Centre for older people.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

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You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

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Section D Achievements and performance

Deptford Methodist Church/Mission exists to share the love of God with all Summary of the main and to witness that Jesus Christ is Lord and Saviour of all. As a Mission it achievements of the charity serves the community of Deptford and works with others to improve the during the year lives of people in this diverse area with its challenges of poverty and other deprivation. We believe that our Christian faith should be seen in action serving others. The church is fully involved with the Disabled People’s Contact to help the elderly and disabled by having a day centre on its premises. The church encourages other agencies that are in sympathy with our general aims to use our building and help others. As part of the Southwark and Deptford Circuit it is committed to the wider work of the church in the world. As a Mission we take seriously John Wesley’s words ‘The world is my parish’. The church represents in its membership many different countries of the world, particularly from Africa, and so our service takes on a global significance. Deptford Methodist Church/Mission welcomes all by opening its doors to everyone whatever their situation.

During the pandemic the church continued to provide weekly worship, either in person when permitted or virtually in collaboration with other local Methodist Churches. Similarly, the church adopted a virtual way of study that has continued beyond restrictions in order to allow greater participation from members. The church has endeavoured to maintain contact with its members and community but recognises the increased isolation experienced particularly by those already disadvantaged. The support for the Contact Centre for older people continues. The last year has been a challenge financially with reduced direct giving and less income from rental streams given the uncertainties and general loss of income across different sectors.

The last year has seen a modest development in our provision for work among children and young people with the start of a monthly club. We encourage young people to participate in wider Methodist activities and now support this with local meetings. Ministry is provided through a team of three ordained staff, church stewards, trustees and staff. We have referred to the Charity Commission’s general guidance on public benefit whenever we plan our mission statement objectives, activities and assess our achievements.

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Section E Financial review

The church aims to hold about six months’ worth of expenses in reserves, Brief statement of the with a small surplus to pay for emergency repairs. This year due to the charity’s policy on reserves pandemic we have had reduced income from the membership and other organisations using the premises. We now have a bad debt provision of about £55k for rent receivable.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Omobolaji Nzekwe Full name(s) David Gillman Position (eg Secretary, Chair, Chair Treasurer etc) Date 8th June 2022

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DEPTFORD METHODIST MISSION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

CONTENTS PAGE Examiner's Report Statement of Finaneial Accounts Balance Sheet Notes to the Accounts

Independent Examiner's Report on the Accounts Report to the trusteesl members of DEPTFORD METHODIST MISSION On aeeollnts for the )'ear ended 31, August 2021 Charity no (if any) Respective responsibilities of trustees and examiner The Lhdrity's trustees cvnsider tht (judit is nut iequired fur thib yedr luiider beLtion 4312) of the Charities ALt 1993 (the ALt)} and that iTJdependent exdTllinkLtion is needed. It is my respoi)sibility to examine the account lundtr ectIOn 43 of the Act), to follow the procedures laid down in the General Directions given by the Charity Commission (under section 4317)(b) of the Act), and tu statt whether P<lrtlLular mattets have Luine to my attentiori. Basis of independent examiner's statement My examination was carried oul in accordance wilh General Direclions given by the Charity Coinmissioners. An examination includes a review of ihe accounting records kepi by the chariiy and a coinparison ofihe accounts presenied w'iih ihose records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanaiions froin ihe trubtees concen)ing any such Inatiers. The procedures underiaken do not pn)vide all the evidence tl)at would be required in an audit. and consequently I do not express an audit tspinion on tl)e acLounts. Independent examinerfs statement In the course of my examination. no matter has Come to my attention which gives me reasonable cause to believe thai in. any material respecL the tjustees have not met the requirements 10 ensure that.. proper accounting records are kept lin accordance with section 41 of the Act),. and account% are prepared which agree with the accounting record and coinply with the accounting requireinents of the Act. or 2. 10 which, in my opinioo attention should be drawn in order to enable a proper understanding of the accounts 10 reached. Date: 07, February 2022 Signed: Name: Robcrt A M c m.sc bCCA CA (Gh ASSOCIATION OF CFtARTERED CERTFIED ACCOUNTANTS Relei'ant professlonal qualifieatAon(sl or body (If any): Addre55: Robert Qua e & Associates 180 Chi well Road South Woodford London. E18 1HA

DEPTFORD METHODISTMISSION Church Statsm•nt gf Financial A¢tivtt195 ISOFAI forthg y•ar •ndgd 31 Augu512Q21 GeneralFulld IUnre51txted Endownent R8sttictsd Fund• Totslsthiyy8ar Prevknusyear 10t$ 1nc0jnig Resources 1 orr#riThO5 sndTaxr8¢ovèrabl 16,B83 8,832 2 Inteiesl ana IeStentIncorne 25 25 247 3 Loibngs 135,167 94,090 4 Otnerintome 24 13,333 2,482 7 Tokl Incoming Resource5 165.5 24 165.409 105.651 Rsourt8s Expènd 8 Circuilksessment OT Share 25.000 25.000 40.000 9 Grsnts ana DonAtrons 10 Repairs and Maintenance 14.506 14.506 30.8T2 28,242 28,242 35.051 12Depreuation 13 pfthiSIDna 140therexpendiivre 20.575 20.515 11.526 9.è40 9,840 8,200 16 Inlemal Organisatons 17 T4W Rè$okntte ExpÈndd 125,599 IomeithuInfj Re50urce5 67.222 24 67,246 .19,948 19 Transfèrs bèèNÉen Mnds 20 SubTal 21 Gains and IDSaé8 on iTrvè8bn&nt asse 67.222 6TA46 .19.948 72 NetMveskneDI infvnds 67.2 24 67.246 -19.948 16.922 27,518 47.466 24 Totaltsnd$cgirpd f¢yw4r¢4t end ofy@llr 77,81 ffj,946 94,764 27,518

DEPTFORD METhODIST MISSION Balance Sheet as at 31 August 2021 General FUd Other Funds Elldowmenl Totals Ihisyeai Iunreslticledl IResltKledl Funds Church Totals hst year Tangti de Fixed Assets. Church buildings antt other piopetty Investment prope.eS Investments Toiaifuedassets CurreTrlAsse15 Deblois and Piepaymenls 54.963 54,963 Central Finance Board & Tiuslees loi ethodisl Church Purposes deposits elc 1,618 16,946 18,564 18,538 C35h al Bank ano in hand 22.077 22,077 9,820 Toialcurreniassets 78.658 16,946 95,604 28,358 Credrtors and Accnjals Idue In uTrder1 year) 840 840 840 Ilel current assets11bIth$ 16,g46 94,764 27,518 Toialassetskn cuffeniliabKJ'Des 77,818 16,g46 94,764 27,518 Loa5 and credrtois due after1 year Piow'sions loili80ilitses and thaiges Ileiassèts 71,818 16,946 94,164 27,518 Funds of thechvrch Genera1 Fund Iunieslnotedl 77,818 77,818 10,596 Otrei Funtts (Resthdedl 16,946 16,946 16922 Endowment Funds TouiFunds 77,818 16,946 94,764 27,51B

DEPTFORD METHODIST MISSION Chureh Note5 to the Accounts ,'18asis of accounting These accounts h3ve been prepared on the basis of historic costlexcepllhatinveslrnents are shown at marketvaluel in accordance wlh Slalement ofRecommended Piacllce ISORP 20051 andtre Charities Acl 1993. Treie has Deen no canoe to tr)e accounting policias slnce lastyear. The formal of the SOFA tralance sheetlakès adrfanlagg oflhe small iarity concessions sel outin the SDRP. 2 Funds The funds held constitute Genera1 Funds heldfor any purpose ofthe chatitywhich are LJnre5trirtett, Restricted funds Mthich are hel(tfor 3 narrower purpose 3nd Endowmenlfijnds whith represent gits, th& capital normally being UnatI3b1e for spentting, and the Income from which is either Resliided or UDrestrideO. Details of each m8tedal fund are disclosed In the final noteto these accounts Any fund may oe heia in ways otherlhan in cash. 3 Accounting policies Incoming R•sourc•s These are induded in Ihe Slatemenl of Fin3noal Acfvib'es ISQFAlwhen thè church bècomes enb'lSed to the fegOUFces". the trustees arertUallY certain Ih8ywIII recei¥eth8 resources an(5 the monetaryvalue can be measuiedwith sufficsenl relia[y. Resources Expended Expenditur8 19 recognised a liabilrty 15 intrea. ora construLv8 obligation arise5 that 18sults in the paytnent being unavoidable. Liability recognition LiaDilities are recognised 3s soon 3s there 18 3 leg21 or construth¥e obligab.on committsng Ihe churcmto pay out resources. Future Income musl not be anlicipaled ISORP 20051- Tangibl• fix•d as5•ts for us• by church Tangibl& fixed assets afe caprtalised if they can b8 used for mole than on8 yeai, and costat18ast Isayj£1000 They are value at cost or a reasonable Wdlue on receipt IVher& costis not available, Church Council mayprNde 3 reasonable eslirnate of cost 01 ofthe buildings. currenlvalue lo Ihe church An esb-male based on Instjrance value should lake accounl of the fadth31 cover Nll be based on demolityon and reinstating the wrtenl ouilding and notthe original cost less accumulated depgeciation. A professlonai lush-On is not required, DUI If a¥ailable use tralfiguie. PrNsion is made for depreci2b.on where appropriale. Inv•stm•nt prop•rtl•s Investment prop&rties- Propertses not usedforlhe purposes of the charityland never usedforlhat purposel. A professional valuon Is not required. but Il avallable use thatfigure. The Insuredvalue may be used. Investments Investments ale valued in the balance she&t al maiketvalue ailhe year end. Investment income is induded inthe accounts en reCeable and any gains or losses on revaluab.on 3tthe y&81 end 81e shown In Ihe SOFA Include IveStrentS held wilh the Contral Finance Board. Do nol Inolude Deposrt Funds, suth 3s TIF tTrustaès Intèiest Fund) helttwa Trustees for Methodist Church Purposes. The58 latterfunds shoulo be shown separately. Debtc*rs and Prepayments Show amounts owingto the Church orprep8yrnents made_ Creditors Show amounts owing bytbe Church and any amounts acuued as due In Ihefollowino yeaf.

DEPTFORD METHODIST MISSION Loans Ifthe Chuich has borrowed any money. please give tbe information in Ihe designated sethon. Loans Made to Churche5 may be confidential and may be free of Interest. tt is not neSSaryt0 breach cotifidentiality in recoroing sources. use the woro'inothouais. if 8ppropriaie. EndoMnent Funds Where the Church holds moneywhich cannot be spent but rnust be retasned (as capitallto generate an Income the money or assets to D8 relalneo af6 Known as an Enoowment Fun¢J. The caprtal Snould be shown In the appropriate column In the Ba13nce Sheet The income oenerated rnay be restnded or unrestricted depending upon the terms (>fthe endowment N•t ¢urr•nt ass•tsiiiablll•S Dedud Creditors from Total [rent assets. Total a$5•ts 1•5$ n•t curr•nt liabilit5•5 Deduct net current assetslllabilibas from the total of fixed and curront assets. Net assets totals Tllust agree wrth Total Funds hel 4 Paym•ni to Trust••s Th1$ yeor Last y•ar Record payments made to l¥ustees for adthtional se5 prowdedto the Church by agreementwith Ihe Church Counal e.0. a trustee Is also a plumber who cairies outwork In th8t capacity (More delaileo guioance Is on the 1Oetho#isiweDsltg) Number oftrustoes who wer8 palo expenses Natu of Ihe expenses Total amount paia 5 Fees for examination or audit of the accounts Independent examinerfs or auditors fees for reporbng on Ihe accounts Olher fees (eg. at*icè. accountancy semces) p to the Indfrpendent examiner or auditor 6 Paid employees Staff Costs paÉd duiing the year weie: Gross wages. salarles and Denents In n0 9.840 8.200 Ernployer's National Insurance costs Pension costs Total staifcosts 9.840 8.200 Average number of fu114ime pquiwalent ewnployees in the yeai were: 7 Capbtal Commitments and Contingent Liabilities Irthe Church has any comrnitments or liabilities these should be (f15dosed Ihe 31stAugust 2021 capital commrtments amounted to" Contingent Iiabilitifrs amounttrdto".

Name of Church.. Deptford Methodist Mission No."1129207 Declarations and Scrutiny I confirm that these accruals-based accounts for the year to 31 August 2021 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees. Signature of treasurer . Date 218t Nov 2021 Name and address of treasurer.. Omobolaji Nzekwe Deptford Methodist Mission, 1 Creek Road, Depfford, London, Post Code SE8 3BT Presentation to the Church trustees I confirm that the annual report and accounts for the year ended 31 August 2021 were presented to the meeting of the Church trustees held on 21st November 2021. Signature of the Chair of the meeting Name of the Chair of the meeting lQ&il¥¥* Date...

DEPTFORD METHODIST MISSION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

CONTENTS PAGE Examiner's Report Statement of Finaneial Accounts Balance Sheet Notes to the Accounts