ISLINGTON & CAMDEN M15$10N altCUlT Ch%irilyreoistrBtlon nuMbEr- 1129475 EIEPQIIT ANDACCOUNTS 31 AUf?Usr 2rJ22
LStINGTON & CAMDCN Missioré ciricuiT FINANCIALSTAYEMENTS r.OnTHI YEAR IND(D 31. AUGUST 2022 CHARITY INFORMATION C.liarfty fterf.srrdUon DumbLir- I175 ArelliY Melliodi.Ei Church Navi8Rlov Squa l.ondnii N19 3'fD B?iik'ers- HSLIC PIC i0]78w1v IEJ Loiidoii. fc2A 4PE IndepBii6eTrl RxÈiiiiner Kojo Aill01-Ayko Kojo L CoLid ClIArt¢r¢d Ccrlified Accinintfjn15 118-120 LId011 RoDd itf.ham SuiroyC.rt4 ILII TABLE OF CONTENTS PAGE Trustetss Rewrl I IL) I Indèpoiident Exainlnefs rep(wt Stslemonl of I.-InanoI Aciivllles 88lan¢.e Sheet 10 NolLs lo Ihe FinaKial Slal(vnenls
ISI.INGTON & CAMDEf4 MISSION CIRCUIT TRUSTEES REPQRT AND ACCOUNTS FOR THE YEAR ENDED 31, AUGUST 2022 'I'hp. Triislce.s [Sent IhAlr raport 109Lillitsr wlli IhL Ire.n(le.n1lY tr'.xmine.d liniiiirial 8lalcmLliTrls lor IhD. yaT3r p.ndod 31, Augu51 ?_0?.? BA515 OF ACCOUtirs PllEPAIIATION Tll. finoncipil %i¥ilp.IllV.1115 hovL. beLn proporod In acc(>rdJnce wiih"Aecoufltln¥ dnd He.PtyillnE by('hDritlp.%'. StHto.m&.nt nf RoiLTrmmLmdod PrdLtIti', tclI{111tIfrs Atl 2011 UK GcvLrolWAccoptp.d pracuce 35 Itapplles from I lanuary201J Ilp.wnimv.ndL?d PrJitlili o.fle.ctlvp. from I, Aprfl IOD5 wlildi ha5 slnLp. bo.p.n wlthiliawn GOVEHNING onajmE AND OBIECTIVE Tho Govcrninp. tlouimnt fortho clrcult 1% th(1 Depd uf Ilnlon114821 the Molhodlst Churth ul Ihe. unioii. Iho ddvdnCQ.m{snt ol..
ISLINGTON & CAMDEN MISSION CIRCUIT TRUSYEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31, AUGUST 20221 Conllniiod I TRUSTEES The'fru.%16e$ Df Ilip. C&ir(Aiil arc Bolecle.(S Imm tjiven offlr.Éi hddftrs nf IhL Mttthudisl Churt.h REFERENCE ANO ADMINISYRATWE DETAILS Thp. Clicuit is maii8gL,d on day lo day basis by Ihts Superinicnd8nl min15tÈr, lh8 mini8terb 111 tlio CirGuII and Ihp. CirGuil SI£iw3rds. ClroJil Mpeling Membor¥ Ic rfr. also tru%teps xr DIStCl Cliair Revd Dr Jongikoya lih Suptrrlnteiidoiil Mlnlsler Revd"I'imolhy,l BradÈtW CiTCUlt Mlnisters Revd Dad I ltrllingSWQrth clrc.ult StQWdrdts Mrs Abimbola Koyede Mr Laurenw Evans aiy Donkur Nana Darko-oblri Clrcult Treasurtsr CIKlfrled Gya51-Addo Clrcult M¥oliriu.%ecretary Lotal Preachors. Sf¢rolary lsh8rp.rt vAlh wp.gt l_ondon Mission Clwlll Miso A Roberts Mru k Dd Cos18 Miss D Coales Saf89uarding Co-ordlnatcr Iiix Challk8 Local ChurGlI Re.pièsentative5'. Archway Mothodlst Mlbs V ML>re.dilh Mis Idieily Mr B Aryee MF P Brdwi Ml$ V Milchcll Mrs 8•atrir.v. OinaFi Mrs T Boaleno Mrs F Obeno Cal¢donlan Road Camdeii Towr) Mlsslon Isllngton Central Mtthodlsl Wotnon In 8rltaln
ISLINGTON & CAMDEN MISSION CIRCUIT TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31, AUGUST 2022 The Triistetts The Iru81ees who ar8 18gislered willi Ihe Charily Commlsslon are Rev Aline Mary Lawr&nce Godlried Gya5i-Addo f4an2 Dc?rko-Obiri Maiy Donkoi Tinalasa Williams ealfice Omaii Rev Tlmoiliy Br8dshdW Eva Da Cosla Ellei) Pnidence Olosu-Amaah Ann Roberl. Laurence Norman Evans Eva Esi ObÈng-Reid Ablmbo13 KÈyede Marg¥rel Rose Dofoo Erne51ine Boaleng Ivy fjougan Veioni¢8 Meredilh Vivignne Carol Milchell
ISLINGTUN & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDEfJ 31, AUGUST 2022
STRUCTURE. GQVERNANCE AND MANAGEMENT
-I'hfi r.1[111 Indllfige(I by d IcddLr.%liip l?.uiii mado up ol IIiL% minislorb. Ilitt Cifciiil stevrdrds Intr1
d1iirc.li i&.pre%enliilivp.-%. Tho Lircvll crUrL5 Ihal incoming slewaids dro well equippod by drrarigin9
Ini Ihpm io allend 119 tsemin(YS OTgalwd t>y IhL4 r)iblriLI diid Ilitr Circuil foi Ili
ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 2022
ACHIEVEMENTS ANO PERFORMANCE
FINANCIAL REVIEW
'rhe churches aro oli a palh ID Icopoftlnu In tho circuit. H()wevtsr 1118 circuil has had some
d1llicullP. Mlli thè Bank attcaunl held dl14tsBC due lo Ihe change over of ciir.liil trererS
Ooeriiig iqsues willi Ll)Inmunie.a110115 belwepn Ihp. bank gnd Ihc t.irtr.uil Ireasuie18 and
signalories resulling In SOTMC aspvLls af Ilie £?ccounl not bIng ablo lo lunclion.
Tli(t Q'.IrLiiil'frusle.p& wo.rt. ble lo covpr oriooing Cir111 expen5v.li Iliroijyh loan¥ frotn on8 of
tho Gircuil LhurdiL's whidi as is clcaily showi In IhG accouiils wcre paid back vrtion mutter5
r&%olved. trial bellig Ihe mnd#10S dCCL'pled by baiik.
e,Iii'.iJil ¢.'osls Illi% liiiAii('.iAI yoar Iiirjijdpd WOTks on one of Ilip rircuit Imansps ft)rtho new
Intoming co-511perini¢ndonl.
Resorvès
The balance of lh& unresliicled lund8 8131 Aijgusl 2U22 wa$ F1,177.039 12021 £1,24J,1J31 Thls
incllirles Ihe V
ISLINGTON & CAMDEN MIS8ION CIRCUIT TRUSTEES REPORT AND ACCOUNTS FOR TblE YEAR FNDED 31. AUGUST 2022 Riyk Aiialy¥ls 'rhe TriJsle.es have. pKamined the piin(ipal arcag ol Ihelroporations and Gonsldérp.d whal major risks uld arise in e(Irh of Ihese 8reas. ID Ihu upinioii uf IhL TrubldLiS. rewiiiTrs and rview%yste.M hdVL, bLL'n e51ablisfip.d which, in Ilie norincttl conditions, Should allowlhc r15ks Idenlifipd by them to be mlligalod lo an accplT1bl8 1p.vel their day to day Opwdlions. STATEMF.NY OF TRUSTCES RESPONSIBILITIES The Trustees re rospoiiyible for piopaiin9 Ilio Trusl@os' Report and Ihe 1lnanc.ial %lalemenls In accoidance vllh appllcable law cind Unitod Kin9dom AccounliNJ Standard5 Iuniled Kingdom Generlty AccL'plkible AcLuiiiilinLJ PrC.11P..I Tlie law 8ppIicAihlH lo ¢.hariliRS in Enqland 8 Wales rLqulrÈs ihe Truslp.es 1¢ prepire. finencial stalcmonls for etsch fini?ncAoI year thieh give d.true énd far view, ol Ihe. Stsle of affairs of the chaFIty and ollhg Incamin(J rp4nur(£g dn(l applilIn tif rosourLtss (>1 the chaiity for Ih8t ye8r. In proparinq Ilioso financial sl8tv.iiie.nl& Ihe Tru81p.es are re.quired lo..
1{,.LI 5iiIIAble accaiinling polldes 8nd Ihon ai)Ny IhatTI (.'oiisislorilly obbcrvc th?. melhods aiid prinGlplps in Ilip Charilips 8ORP mdke ludru!INuiiLs £iiid es111nlP.% Ihai rira rp•rJstsnnhle and prudent sl?1 to whelhcr dppli&)trAe accouDling slandards have bep.n followp.d, subjedto any mc2teiial departures disclosed ic nd cxpldined in Ihe linaiK¥al 4t8l&menls prepare Ihe linanc181 stalemcn15 Oti Ilio otsino (A)IiGoin basis unlos8 It is Inappioprlale lo presume Ihal the didrily wryll conllnue lo opgrats. 'Iho tmstoes Jr¢rosponslbltr. for ketr.iJlnu 5ulliclpnl aCtQUntThE rv.cords thr)I dlscloscvAth In 80 fur gs Ilie Iruslee8 arp awarp... ThLar& Is no relp.vanl dudll it)lormallon ol lIllI IIIL GirLUIt's aLidilor is vnawiyrt.. and Ilic IiusleLS have lakpii illl slt'ps Ilidl Iliey ought lo hdVQ lo Irake Ihcmselve5 iware of APPR()VAI. This Report was ipprcived by ihe CirGuII Trusloos on &pf6*Mkrf 2024, and &lgned on dc Baiikole
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ISLINGTON & CAMDEN MISSION CIRCUIT I report on the arLOUats of the Charity ft)r the year ended 31 August 2022 which are sel out on pages 910 18 Respectlve responslbllltles of tru8tQQs and examlner The ¢harrty's IrfA5tee5 are responsible lor the preparation ol the aGeounl8. The charitws Iruslees consider that an audit is 01 required for Ihis year under se¢lion 144121 ol Ihe Charitlgs Act 2011 (the 2011 Acll and Ihat an independent 8xarninalion is needed. 11 is my responsibility lo.. examine Ilie accounts under section 145 of the 2011 Act, lo follow the proccdvres laid down in the general Diieclions given by the Charity Comtn15sion under section 14515llbl of tho 2011 Act,. and to stale whelher particular rnallers have come lo my 8ltenlion 8asl$ of independent examinerfs report My examination wa5 cairied out in accordance with the general Directions given by the Charily Commission. An examlnation includes a review ol the accounting iecord5 kept by the charity and a comparfson ol the accounts represented with those records. 11 also include5 consideration of any unusual items or disclosures in the accounts, and seeking explanalions from you 85 trustees concerning any 5tsch mallers. The procedures undertaken do not provide 811 the evidence that would be required in an audit and consequently no opinK)n Is given as lo whether the accounts present a true and lair view and the report is limited lo those matler8 8el out in the slalemenl below. Independent examivler's statement In connection with my examination, no mallei has come lo my allention.. 111 which gwes me reasonable cause lo believe that in any material respect the requirernents.. lo keep accounling records in accoidance with section 130 of the 2011 Act. and to ppare accounts which accord with the accountiny records and compty with the the qUIrementS of the 2011 Aci have not b88n met". o¥ 121 lo which, in my opinion, dllenlion should be drawn in order to enable a proper understanding of Ihe accounls lo be leached. Kojo Amoah-Arko FCCA Kojo & Co Ltd Associallon ol Chailered Ceilified A¢counlan15 118-120 London F<oad Milcham Surrey CR4 3L8 Daled
ISLINGTON & CAMDEN MISSION CIRCUIT STAfEMF.NT OF. r.INANCIAL AcfiviT115 Fok THE YEAR INDCD 31 AUGUST 2021 INCOMING RESOURCES 2022 2021 Unlostrlcted Unrostrlcted Total Total Note 7-1,614 Inw..4lrnenl Inrnmp. 1,.440 1,20r) ()Ihg.r Incftmp 82.G94 71,450 ESOURCES EXPt.NDED 147,216 L572 119,Q26 1,259 TOTAL IIFSOUkCES USED J48,7S8 l?.0,?.8J IDEFICITI Foft THÉYEAR Ir)6,0941 14Y,8J51 BAIAl4(.'r.- IJROIIC?IIFFnRWARD 1,?.43,133 1,?.91,9GS BALANCE CARRIED FORWARD 1,177,039 1,2dJ,133
10 ISLINGTON & CAMDEN MISSION CIRcuir BALANCE SklEET AS AT 31 AUGUST 2a22 2022 2021 Not6 TANGIBLE FIXED ASSFTS 40.651 CURREW ASSETS Invcslintsnts 293.95?. 44.236 307,704 95,898 33tJ,1elS 403.682 CREDITORS.. Aniounls falling duo wlthln one ytsar 1,800 1,200 .8:46,38ri 402.48?. 1.177,a:18 1,243.133 FUND8 UniÈslrlcted Fund5 1,177.039 1,243.133 Thp noi&s i)ii p&gcs 11 to 10 forin inte.gral part ol Ihv.5p flngncidl 4*lT3tp.mp.nlB. Il- i_yfa4&1 .10I4- and sl)ned on ils behalf Apprc)vi..d by tho Ciieuil ML'eling on 14- JL RavAnne ary Lawrpiice Suporinltndenl fJO(MilpA Qiy881-Ad( Clrcijitl'reasurer
li ISLINGTOPI & CAMDEN MISSION CIRCUIT NOTES )'0 I'HE FINIINcIKIL.S)'ATb.MENT5 FOR THE YL.AR L.NDI.D Jl. JIUGUSY J.022 ASIS or. AL(:OlJN fiNC J.1 Ihp. Ilnaiiclal slale.mv.nl.% hovp prepJrcd in oordanCe wllh'AccovDtln4 ar thii CliirltlL5 Act ?011 and UK C7enpia1 Actp.pted Praclice asll op1¢.$ from ljanuary 2015 The flndnLiJl sliilomenis h¢1VÈ bee.n prepared In atr.ordénce th Ihoaccountin 1.3 No chJn¢ps to aLcwntinr.e5tlmutp.s DfrAITTorJ in Ihc roportlnE PL'ilod. Z. ACCQUNTING POLICIES. INCOMING RESOUIICES p..t RL'COH,nillun ol Irhcome InCue ai@ iÈtop,nlsed dnd Iiicluil(Id in thL'_5161e.monl r-Indncla1 Actt..51 %(Il'.A I whe.n.'
12 ISLINGTON & CAMDEM MISSION CIRCUIT NOIESTOTHE FINANCIAL STATEMENTS FOR THI YgAII ÉNDfD AI. AUGUST21121 2.3 Gril llls nnd DtsDitilons ItAttt4 lind IlonRlli>n% tsnlylnrliidvd in tho Sofa when the r.ene.ral Income 2.4 VolyntQL¥r HÈlp APPLICATION OF RESOURCE5. nmoiint r)f ihv. ubli8atK)n be mcasured with rp.ason41Nii ¢v.ri4lniy. FIXED ASSF.TS. L8 Froohold laod %ind t>ulldln&s Ihe. Irpehold Innd buildlnes mL%tilioned abovc ire shtsvm In ihese dccount5 at dccmed valuation5. hclni that proportls Insuranco rt4n.siotpme.ntvalup., as nollllpd by Moihudlst Insuyènce. CompJny PIC arv. rp.fl•.f.1gd In thFse. 3c.counls un live-year ba51$ 2.4 DEPRECIATION. thp. marketvalup. p.xr.fr.e.d.% thp hix)kwiiliiv..
13 ISLINGTON & CAMDEN MISSION ¢IR¢UIT NOYES TOT141 FINANCIALSTATEMF.NTS FOIITHE YEAH ENL)Eg 41, AUGUST 2022 QTHEXAccourwfiNG POLICIES 2.10 Funds ?..10.I Vnrostrictod fund% reprosMI lundswhk.-Ii p.XIJLJndiiULI 11 I thL' dlxrellon of thp. Orcull In j..IU.? RL'slrlLledfiiiii15 he. usv.d f(}rSpL11lV.d purposLis. TIILI purpu5u ol dw restrlcted 2.J2 f?olnp, Contorii 2.laTaxallon In the opinion olthv. IWSttr.trs. the cIrli15 CXLTrmpl from the Ilnlled Kingdom I'oxollon un Ils 2.14Ac(QUllllnt, estiNales luJ#Èments on hlstorit oxpp.rienccand ¢ther faflTrrs tliiltaro con5idcred Id bo rolevJnt. Actual T?.$1 mdy dlffe.r Irtsm thp.se pstlmai•.%. Churche.5' abllllVt() meelth?. u5555ts.
ISLINGTON & CAMDEN MISSION CIRCUIT N01ESTOTI41 F.INANLIAL5TATEMENT5 FOR THE YEAfi ENDF.D 31, AUGUST 2022 3 INCOMINf? RISOIIRCF% 20Z2 Tt>tsl Unre5trlct. Fund 20LI Total Unroslrlct. Fkind6 3.1 Charlt*£ ble Acllvitlos Incon)0 Clfcull a8sossmcnls 17.614 3.2 Investmont Income Ccntrdl finiincts tloard Inlcresl 'fMCI) Int¢iosl 161 1,379 156 1.04d 1, Jf40 1.200 3.3 Olhor incomo Sundry iiicon)e 3,540 Totul Incomo 82,G94 71,450 4. RESOURCES IxpfNDf.D Expoii(Ilturc on Charltablo actlvStlcs Dislricl Assessment 11.101 74.244 14,334 11.412 4,231 4,051 16,924 72.756 1 Jf.46 3.807 TNIC,P Iovy e%5)ens&s 7.922 89 Sundr4¢S MaTFse repairs 147,21 114.026
15
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTIS TOTHF. FINANCIALS'IATEMENTS
FDTrTHE YEAII ÈNDED 31, AUGUST 20ZZ
zozz
Tatal
Unrestrict.
Fund5
2021
Total
Unrcstylct.
Funds
4. RE50URCI.s r..XPF.NDED Icontdl
Govovnanctt co¥t8
In¢lo[ndent ex
16 ISLINGTON & CAMDEN MISSION CIRCUIT NOTESTOTHE r.INANClhL STATI.MENT.% FOR THE YEAII &NDI.D 31, AUGUST 2022 7. DANK AND CASH BALANCI.S 2022 2021 HSBC Guen1 account Conlrdl Finance fsoard 2b,091 10,139 16 ),822 44,236 r) 808 Cash fiTrsh I'.qulvalp.nl 1MlIlIS Cli sh iii hind, deposits held ow.¢drJfiS brp sh¢>wn wllhlTrhnrrowiDg.% In ¢urront Ilabiiiilos. g. CflEDITOIIS.. Am(iuD15 I]11ny, due wlhin yoar Acc.ruals 1,200 9. FUNDS 01-Sop21 Recelpts Paymty)ts TraTl8fors 31-Aug-22 UNRESTRICTI.D FUNDS C3P.np.ral funds 1,243.133 2,694 148.78ti 1,177,039 tsv.neial fuiids Jrv. monfty Iciised lor Ilio qenura iuiinlng Df ihe Lircuil
ISI.INGTON & CAMDEN MISSION CIRCUIT NOTfsTOTHE r.INANCIAL5TATfM¥NYS FOR THL YIAR ENDED Jl, JIUGUSY 2022 10. ANALYSIS OF Futhlu) BALANCES BETWEkN'fHE NET ASSETS Total Unreslrlct. T8nfjilAp. lixth as8els InveslmeDIS aiik lind iui.£h -111nGS 840.6jl 1 44.236 11,8001 1,177,(k39 11. REI.ATED PARTYTRAN.SArrioNS TRUSTEES TrI.MUNIRATIONSANO ttENIFITS J2. TllANSALTlaN wirii IIELATED PIIRTlf.S Therewere no olh8r rp.laled parlie¥ transac1n& lor Ihg yr ttndad 31, August 2022 C*(17rIp.d 9all15a1IOnS indudtt th8 Melhodisl Lonneyion. Churrthes wilhin the Circuit, othor MeU)odi.%l Disiricis in Greql tlrltdin. CFB, and TMC.P. All Ihese eniilks have Ihtsir [VIl trulet}E and 8ulonoillou¥ tsdministrallon such thai the Cii(xJll has rn matorial Influ0n over lh. Tlioy am, IlIL'refur¢ not cvnsldÈrad rel£led parlles.
18 ISLINGTON & CAMDEN MISSION CIRCUIT NOTES TOTHE IINANCIAL STKITEMF.NTS FOR TIIE YEAH EKDfD al. AUGUST Z022 13. pa5r BALANCE SHEET kVkNTS Thoio has W.e.n no i)osl bAlanfe.51ie.vtv.vent whlcli could m4torlallyallecLtIio.5o IiThNicvJI 51atornv.nls Ilowovor, as o rp.5uli ol thol.'oviil-Iri pandcmlc, Ihc ihur¢hes aiiend3nce hds Iiunv. dnd Ihc L4. Voluntep.r Contrlhutlon kve.ry vliThe,nf Ilie MLiihDdl&l church11.ocal Chiirr.he.s, C.irr.iJll%. r)l%trlc15, Connexlonl mDnry and IhtyrrcsourcL'5 In thclurih¢r4nce ol tho work of Ihochurcli. Prin¢lp)IIyi th The contrlbulbn of volu4tEei% 1£ ni)I lThtluded wlthln the Income of the OTCUII. Wc are gro1.(1 ioall of Ihe.m lar thoir liolp diid commitments IS. Mlnlsler5' m3n5e COAIS