ISIINGTON & CAMDEN MISSION CIRCLJIT
Charlty re8lstratlon number- 1129475
REPORT A￿D ACCOUNTS
31 AUGUST 2023

15LINGTON & CAMDEN MISSION CIRCUIT
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. AUGUST 2023
CHARITY INFORMATION
Charity Registration number- 1129475
PI'iDcip81 #ddi
NavigRloi' Squ&re
Loiidon
N193TD
Bankeis-
HSBC Bank PIC
Bel￿aVi& Brandi
The Pe9k
333 Vauxhall Bridge Road
Ltsndon SWIV IEJ
CcIiiral Finance BO￿¥1
London. EC2A 4PE
Jnd¢peDdEnt Examlner
Kojo Amogh-Arko
Kojo & Co Lid
Charlered C¢ilifid Aewiinl8ni$
118-120 London Rtsttd
Mitcham
Surr¥ CR4 3LB
TABLE OF CONTENTS
PAGE
Truslees Report
1106
Independent Examinerfs Report
Slal8m&nt of Flnanclal Activities
Balanee Sheel
Notes to the Finanual Stglemenl
10t017

ISLINCJTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 2023
The'fiustee8 present their repori logelher with the Inclependently examined
financial statements for the year ended 31, AugLisI 2023
BASIS OF ACCOUNTS PREPARATION
The flnènclal stalemonls have been Prepared In 3ccordance wlth'Accountlng and
Reportlng by Charities.. Statement ol Recommended Proctice appllcable to ch3ritle5
preparSn8 their accounts in accord3ncp wth the Financial Reporting Standard Hpp5irable
In the UK and Republic of Ireland l FF¢S ID? I (Second Edition)" and the Financial
ReportlnE Standard 3pplicable In the United Kingdorn and Republic of Ireland l FRS 1021 and
the C￿[￿[10S Act 20114nd UK GenerallyAc¢epted Practlce a5 It 3pplles from l J3nvary 2015
The financial 5latements have been prepared to gave a"truÈ and lalr. viow and have
departed from the Charities l Accounts and Report51 Regulation5 2008 only to the extent
requlred to provlde a'true and fall vipw. Thi5 depariure has Involved followlng
'AccountlTrg and Reportlng by CharltlÈs'. StatÈment ol Recommended Pracllce
ppllcable to ch8rlties preparlng thelr accounts In acctsrdance vdth the Flnanclal
ReportlnE StHndaTd appllcèble In the UK and Republlc of Irelanrl l FRS 1021 I Second
rather than the Accountlne and Reportin8 by Charltle5 , statement of
Recommetsdpd Prattice èffectlve from l. Aprll 2005 whlch has slnce been withdrawn.
The flnanclal statements have been prepared In Bccord3nce wlth the accountlng
pollcles set out In Note 2 to these accounts, and In accordance wlth the governlng
dotument of the Clrcult.
GOVERNING DOCUMENfAND OBJEcfivE
The governing document forthe clrcuSt Is the Deed of Unlon119321 and the Methodlst Church
Act119761.
The Pu[￿Se of the Methodlst Church are ènd shall be deetned to have been slnce the date
of the union, the 3dvancÈment of..
(HI the Chrlstlan falth In accordance wlth the doctrlnal stand3rds and dlsclpllne
of the Mcthod15t Church,.
Ibl any chDrltable purpose5 for the tlme belThÉ of èny Connexional, Distrlct, CirculL
local or Dther organlsttlon of The Methodlst Chur£h..
Icl any charltable purp05p for the tlme belng ol any soclety or Instltutk>n subsldiary
or ancillary tu The Melhodlst church,.
Idl any purpose forthe tlme belnE of any chBrlty subsldlary or3nclllary to The
Methodlst Chvrch.
In strlvlng to achleve Its objectives, the Trustee5 give carelvl con51deration to the c.ha￿tY
Comm1551on's Eeneral guidancp on publlc beneflt.
We confirtn th3t the Circuit Is a publlc benefit entliy as defined by r.RS 102.

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 2D231 Contlnued I
TRUSTEES
'rho Trusleos ol the Cirouil are Selected from given office holders of the Melhodisl Church
REFERENCE ANDADMINISTRATIVE DETAILS
The Clrcuil is rnanag&d on day lo dsy b8sls by the Superinlendenl mlnlsler. the mlni51ers In the Clreull
and the Clr¢ull Stewards.
The Circuit Meeting Members who are also trustees are
Dlstrlct Chalr
Revd Dr Jonglkaya ahle
Superintendent Mlnlster
Revd Timothy J Bradshaw
Co Superintendent Mlnlster
Revd Anne Mary Lawrence
Clrcult stewards
Mrs Abimbola Keyede
Mi Laurence Evans
Mary t)onkor
Nana D8rko-Obiri
Clrcult Treasurer
Godlried Gy8$1-Addo
Circuit Meeting Secretary
Miss Iris Cha15is
Local Preachers, Secretary
15hared with West London Mi5slon Circuit)
Miss A Roberts
Mis E Da Costs
Miss D Coates
Safeguarding Co.Ordlnator
Miss Iris Challis
Loeal Church Representatlves..
Archway Methodlst
Miss V Meredith
Mrs Felicily Renwck
Mr B Aryee
Mr P Brown
M15s V Mltcho11
Mrs Be8trl¢e Omari
Mrs T Boaleng
Mrs E Obeng
Caledonlan Road
Carnden Town Mlsslon
Isllngton Cenlral
Methodist Women In Brltaln

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 2023
The Trustees
The Iiuslees who ai8 reglslered wllh the Charily Commission are
Rev Anne Mary Lewrence
Aku Williams
Godfried Gyas1-Addo
Nana Daiko-obiii
Mary Donkor
Tinolgsa Williams
Beatrice Omari
R8v Timothy Brgsdshaw
Tlmothy James 8radshaw
Eva Da Costa
Ellen Prudence Olosu-Amaah
Ann Roberts
Lauren¢e Norman Evans
Eva Esi Obeng-Reid
AbSmbo>la Keyede
Margaret Rose Dofoo
Ernesline Boaleng
Ivy Dougan
Veronica M81edilh
Viwenne Carol Milehell

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 2D23
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Circuit 18 managed by a lead815hip leaw mat18 up of the fflinisleis, the Circuit stewards and local
chL)roh repiesenlatives. The CiicuS1 ensures th31 incotning slowaids a19 w&ll equipped by air8nging
for thom lo allend 118inlng and $8minar8 organised by the District 8nd Iho CijicuII lor that puiposes.
The Circuit Leadetship tearn tneet5 periodlcally to discus5 finance. pioperty and olher tnallers
pertainlng to the Ilfe ol the Circuit and to rnake recotnmendalioiis to Ihe Ciicull Meeting.
The Clrcull Meellng also meets at least t￿￿ a year to conslder recommendations and reG8ive
reports from and lo Ihe Methodist Conference, London District Synod, the Circuit Le8detship Team
and the Circuit Steward5, and conducts other business as appropriate.
FLINCTIONS OF THE CIRCUIT
Mlsslon statement
The Circuit's mission statement is 'to be open to God, open to Life and open lo the wortd
The rnain function of the Circuit is lo provide the support mechanism lo the local churches wlhin the
Circuit. Car8lul consid8ialion ol the Charity Comtnission's geneial guidance on public benefit has been
borne In rn￿nd reviewing Ihfj functions ol the Clrcull and In planning ils aolivilios, Tho tru8lee$
¢onslder the cuirenl ¥¢lwilie$ 8$ detailed in this report delivei publlo benefit,
Th8 Circuil is Fesponsible for the following.,
To prO￿￿e mlnlsleflal oversight and pastoral eare for the 9 local churche5 In the Cireull
To Support the mlnlslerial team ol the presbyleral minlsters.
To maintain the manses and to manage the investment properties.
To support1ocal churches in providing place lor worship
MAIN GOALS FOR THE YEAR
The main goals lorthe yearwere..
To identify priorities lor further use and application ol funds at the disposal of the Circuil
lo use ils resources ellecliv81y lo lurther ils Tllission
lo develop ils work afflon9 tho young pooplo
lo Investigate ways ofworking log8lhor lo achleve the objoctlVQ8 of the circull
The Tru5tee5 weie 8ble lo aehieve the goals as set at the beginning ol the year

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THEYEAR ENDED 31, AUGUST 2023
Rlsk Analysls
The Trustees have examined the pilncipal aieas of their operalion5 3nd consldered what major risks
oould aiise in 8ach of those areas. In the opinion ol the Trustee5, resources and review system5
havg be@ri established which, in the normal conditlons, should allow the risks identllied by them lo be
Itig818d lo an acceptable level in Ihelr day to day operations.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees ar6 responslble lor preparing the Trustees, Report and the financial slalemenls in
aecord8nee wllli appliLable law and United Kingdom Accounting Standards Iuniled Kingdom Generally
Acceptable Accountino Praclicel
The law applicable lo charities in England & Wale8 requires the Trustees lo prepare lin8nci81
statemenis lor each financial year which give a 'lrue and fair viewk, ol the stale ol affairs of Ihe
charity and of the incoming resources and applicalion of resources of the charity for Ihal yeai.
In preparing these financial statements the Trustees ale requlred lo..
> select suitable accour)ling policies and then apply Ihern con51slenUy
> observe the methods and principles in the Ch8rilies SORP
> make judg8ffl8nls and estimates that are reasonable and prudent
> slate whether applicable aecounling standards have been followed, subject lo any
material departures disclosed and explained in the financial slatemenls
> prepare tha linancial statements on the going concern basis unless il is
inappropriate lo presume that the charity will continue to operate.
The liustees are responsible lor keeping sullicienl accounting records that disclose wi
reasonable 3ccuiacy al any lime the Financial posilion ol the Circult and enable them lo
ensure that the accounts comply M4th the Charities Act 012011, the appropriate Charity
IAceount5 and Reports) Regulations and Ihp provisions ol the trust deed. They are also
responsible lor safeguarding Ilie assets ol the Circuil and hence lor laking reasonable slep8
lor the prevention and deleclion of Iraucl and other iriegulaiilies.
In so far as the trustees are aware.,
> There is no relevant audit information ol whlch the Clrcuil's 3udiloi1s unaw&re', and
> Ihe Iiustees have laken all steps that they oughl to have to make Ihefflselves aware ol
any relevanl audil infortnalj'on and to establish that the auditor is aware ol Ihal information.
APPROVAL
Thls Report was approved by the Cireuil Truslee5 on 22nd November 2024. and signed on
the
behalf by..
Circuil Meeting Secreta

INDEPENDENT EXAMINER'S REPORT
YO THE TRUSYEES OF ISLINGTON & CAMDEN MISSION CIRcuir
I report ty) the account8 of Ihè Chortly lor lh8 yèarendecl 31 Avgus12023 whkh 9T9 sel out
on page8 8 to 17.
RespectSvo ¥eBponglbllttle$ of trusteè8 gnd examlner
Thts ¢h8rfty'8 Iru8109$ aro responBlblo for the preparaibn ofth8 aCCOVllt* The chailty3
InJule8s ¢on8ldor that gn audS118 not roqulred lor Ihls y88r under secllon 14412) ol Ihe Charflle
Act 2011 Ith8 2011 Acti 8nd Ihal an Independent examlnalion Is needed.
Ills myre$pon8ibility lo..
èxamhe th8 &ccounl$ under e￿I￿n 145 of the 2011 Act,
to follow tho pTo¢èdure$ la￿ In the genargl Dlrecllons glven by the
Chailty Gommlsslon under secI￿n 14515llbl of Ih- 2011 AGI," and
lo stsle whetherp8rtlcular malleis ￿9V6 come to my alIen￿on
Bas18 of independènt 9xamlnè￿$ rèport
My examlnalion wa$ carrfod oui in at￿rdance wlth the general Dlr8cIw8 glven by the Gh8rily
Commlsslon. An examinallon In¢lude8 a rev1￿ olthe accounting rewrds kepl by the
chorily ar.d a comparison ol the a￿oUnt$ represented wllh those records. It alsts Includ08
consldei8llon ol any unu$v81 Stems or dlsdosure3 In the accounts, and 89gklng explanatk)n6
from a¥ Irusle85 ¢On¢8rn￿ng 8ny 8uch maller$. The procedure8 undertgken do not
Fyovide 811 Ihe evlden¢e Ih¢lwould bo requlTrd In an audll and ¢ons8quenlly no oplnlon Is glven
as lowh81h8r Ihg accfjunls pro$ei)l a Iruts and lalrvl6w and lh8 r8PQrt15 Ilmlted lo Ihose
m8tters sel out In the stslemènl below.
Indep8ndgnl tsxamlnoVB slatemtnt
lft ¢onnt&ction wlh my exambialion, no mailorhas como to my attenllon..
Illwhid) gfves me re9s0nable CL4USO to belleve that In any materfBI res￿¢1 Ihe requlremenl3.'
lo keep uceountlng records (n awordqnc8 wllh $8¢Uon 130 ofthe 201.1 A¢1, aiKI
lo prtrparn accounts whl¢h a¢cord %￿th tha accountlng reeords and comply wilh tho
Ihg r8qulrements oltlie 2011 Acl have not been met, or
121 towhlch, In my opinSon. allenllon 8hou1d be drawn In order lo enablo a propèr
understsnding ol the a¢counts lo be reHthed.
o Amo8h*ko FCCA
Kqo & Co Ltd
As50¢18lion of Chartered c9￿￿ed Accounlants
118-120 London Road
Mltham
Sun'ey CR4 3LB
2ts1,,/.
Dated

SSLINGTON & GAMDEN MISSION CIRGUIT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 20Z3
INCOMING RESOURCES
2023
2022
Unresl¥lCtod Unre5trlctod
Total
Total
Note
Chirltable Atbvltles
85,296
77,614
Investment In£otne
8,805
1.540
OthÈr Income
25,106
3,540
119,208
82,694
RESOURCES EXPENDED
Expenditure on charitable activitle5
Governance
194.950
1.770
147.216
1.572
TOTAL RESOURCES USED
196,721
148.788
NET IDEFICITI FOR THE YEAR
177,5131
166.0941
BALANCE BROUGHT FORWARD
1,177.039
1,243.133
1.099,526
1,177,039

ISLINGTON & CAThllDEN MISSION CIRCUIT
BALANCE SHEET AS AT 31 AUGUST 2023
2023
2022
Note
TANGIBLE FIXED ASSETS
840.651
840.851
CURRENT ASSETS
Inveslmenls
Bank and cash balances
248,272
38,004
293,952
44,236
286,275
338.188
CREDITORS.. Arnounts falllng
due wlthln one year
27,400
1,800
258,875
336,388
1,099,526
1.177,039
FUNDS
Unreslricled Funds
1,099,526
1,177,039
The notes oh pages 10 10 17 lomi an intÉgral part
ol these financial slalemenls.
Approved by the Circuit Meoting on 22 November 2024
and slgned on ils behalf
Supeiint8ndent
Circuit Treasurer

io
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THf. FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2D23
. BASIS OF ACCOUNTING
1.1 The linanilal siatÈmÈnts have been prÈparèd In accordance wilh Accouniin8 and
Reportln8 by Charlles.. StatomÈnt of Recommonded Practice appllcable to charllles
preparln# thelr Èccounts In accordanco wlth the Flnancl31 Rtportlng Standard appllcable
in the UK and Republlc of Ireland l FRS 10211Second Edltitrnl. and the r.inancial
RÉportlng Standard applltable In the lJnSted Kingdom and Republic of Ireland l FRS 1021 and
the CharStles Act 2011 and UK Generally Accp.pt¢sd Pr3ClI￿ as il applie5 from l JanuaTy 2015
The flnanclal statements have been prepared to g1ve a 'true and fall. view have
departed from the Charitles l Account5 and Reports l Regulations 2008 only to the extent
required to provide a 'true and fairwew" This departure has involved lollowlng
'AccountlnE and Reporting by CJ)arities'. Statement ol Recommended Practice
ppllcable to charltle5 preparlnE Ihelr ?ccounls In 3ccordance with the Financial
Reportlng Standard appllcable In the UK and Republic af Irelatid l FRS 1021 I Second
Edltlon I" rather than the Accountlng and Reporting by Charltle5.' Statetnentof
Recommended PrHctlce effective from I, April 2005 whlch has slnce beEn wlthdrawn"
The financial statement5 have been prepared in accordance with the accounting
pollcle5 set out in Nole 2 to thesè accounts, and in accordatice with the gove¥nln8
dorument of the Clrcult.
1.2 The Clrcult tonstitutes a publlc beneflt entlty as deflned by FRS 102
1.3 Mo chan8es to account1ng estlmates have occurred In the reporting period.
1.4 No materlal prloryear errors have been Identllled In the ieportiDg period.
2. ACCOUNTING POLICIES.
INCOMIN6 RESOURCES
2,1 Recognltlon ol Income
Income are recogDi5ed and included in thp Statemontof Flnanclal Attivltles150FA I when..
> The Circuit becotne5 entitled to the resource5,'
It is tnore likely than nut that the tru5tee5 will recelve ihe rp50urce.' Bnd
> The rnonetary v31ue can be measured wlth sufficleni rellablllly.
2.2 Offsetmng
Th@re has been no offsettlno of assets ènd Ilablllties, or Income and eKpen5e5,
unless requlred or permltted by the FRS 102 or SORP.

ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2023
2.3 Grants and Donatlons
Giants and Donation5 arÈ only included in the Sofa when ihe general Income
Tecognltion crfterla a5 stated above are met.
2.4 Volunteer Help
The value of any voluntary help retelved Is not Included in the accounts.
2.5 Income from Interest, RoyaltlÈs and Dlvldonds
Thls Is included In the 8ccounts when recelpt Is piobable and the amount
receivablo be measured reliably.
APPLICATION OF AESOURCES.
2.6 Uèblllty Recognltlon
Liabllltle5 are recognlsed where it 15 more Ilkelyihan notthat thEre Is a lÉgal or
constrijclive obligation committing the Circuit to Pay Dut resource5 tnd the
arnount of the obligation can be rnea5ured ￿th reasonable certalnty,
2.7 Costs directly related to thB work of the clrcult.
The district a55essMent and mini5tErial stipends are accounted lor when due.
FIXED ASSETS.
2.8 Freehold land and bulldln8S
Freehold land and buildlnES tre accounted for at original Cost or valuation ba515.
The freehold land and bulldings mpntioned above are shown in thesp accounts at deemÈd
valuatlons. belng that property's Insurance rein5t?tement value, as Dotified by Methodist
Insurance Company Plc. Changes In the values of the properll2s 35 notilled by tliÈ Methodist
Insurance Company PIC are ieflected In these account5 On five-year basls
2.9 DEPRECIATION.
Depreclable tanglble freehold bulldlng values arÈ dÈpretlatÈd at a rète calculated to wrlte off the
cost, less re51dual v31ue over thelr expected useful IlvÈs.
No DppreciatlDn15 provided on land values.
No depreciation is provided on tanElble freehold bulldinES a5 the trustees believe that
the market value exceeds the book value.

12
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2023
OTHER ACCOUNTING POLICIES
2.10 Funds
2.10.1 Unrestrlcted funds represent fund5 which are expendable at the discretion of the CITcuIt In
the furtherante of Its objects and whlch have not been deslEnated forother purp05es.
2.10.2 Restricted funds can only be used lor specified purposes. The purpose of Bny rp5rrlcted
fund Is noted In the flndncial statement5.
2.11 Consolldatlon
The Circuit oversee5 the work ol mini5teT5 and layworkers In churches wlthln the Circult but does not
have c.ontrol over those churches, ministers, OT thE lay worker5. For thi5 reason, the financl81
statements of the churches within the Circuit are not CQn501idated into these finantl81 statements.
2.IZ Golng Concern
At the time of epprovlngthe Iln#nuBI statemÈnts, the trustees have a reasonable expectatlon
that the Circuit ha5 adequate re50urce5 to tontlnue In operatlonèl e%lstence for the foreseeable
future. Thus the trustee5 have therefore contlnued to adopt the EoillE concern basis In preparing
the Circuit's financial stBtetnÈnts.
2.13 Taxatlon
In thÈ oplnlon of the trustees. the Circult 15 exempt from the United KIDgdotn T3xatlon on Its
Incomlng resources for the year.
2.14 AccountlnE estlmates and judgements
In the appllcatlon of the arcult's 3ccountlng pollcips. the tru51pÈs are rÉqulred to make
judgement5, estimates. and B55umption5 3bout carrylno Bmtrunt trf assets and Ilablllties that are
ntrt readily apparent from otheT resource5. The EstlmatÈs and assoclated as5umptlons are based
on hlslorlc experience and other factors that 3re considered to be relEvant. Actual results may
dlffer from these e5tirnites.
The estlmates and underlylng a5SUtDptlons are re￿eWed on an ongolng basls. Revlslon5 to
accountlng estlmate5 are re¢ognlsed In the porlod In whlch the eslSmate Is revlsed where the
revision affects onlythat pÉrlod, Dr in the perlod of the revlslon and future perlods where the
revision affects both current and future periods.
The Tnain BSSUtnption concerning the future of the Clrcvlt is that the assessment income will
oDtinue to be sufllcienl to meet the cosis of stlpends, salarlps and manse mainten3nce. The annual
budEet, a5 approved by the arcult meetlng, Includes surns necessary for coverlng these cost5. This
15 then allotatd èmong each church In the QrcuiL he￿￿ the Income15 dependent upon the
Churches, abillty to meet the assessments.
2.15 Flnancl?I In5t¥ument5
The Clrcult only has fiDanclal èssets and Ilabllltles of è klnd that qvalSfy as baslc flnanclal
Instruments. EHsir Ilnanclal Instruments are Inltlally recognlsed at tran5actlon value
subseouently me8sured at thelr settlement value.

13
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2023
3 INCOMING RESOURCES
2023
2022
Total
Unrostrlct.
Funds
Total
Unre5trict.
FLtnds
3.1 Charltable Activities income
Clrcull assessments
85,296
77.614
3.2 Investment income
Central Finance Board Interest
TMCP Interest
352
8.454
181
1,379
8.805
1,540
3.3 other Income
5vndry income
Camden donatlDn- bvjanse repalrs
106
25,(K)O
3,540
25,106
3,540
Tatal incoTne
119,208
82.694
4. RESOURCES EXPENDED
Expendlture on Charltable acllvltles
District A58e8sment
Slipends, Penslon bnd NIC
TMCP levy
Manse expenses
Minlslers, Iravelling expenses
Telephone, postage and admln
Sundrios
Manse repaiis
21.108
76.844
13,296
10,886
4,955
5,221
532
62,107
17,101
74,244
14,334
11,412
4.231
4,951
518
20,425
194,950
147.218

14
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTE5 TO THE FINANCIAL 5TATEMENT5
FOR THE YFAR ENDEO 31, AUGUST 2D23
2023
Total
Unrpslrlct.
Funds
2022
Totsl
Unrestricl.
Funds
4. RESOURCES EXPENDI.D Icontdl
Governance G05t5
Independenl examiners charges
TMCP Charges
Bank charges
600
838
333
600
877
95
1,770
1,572
5. TANGIBLE FIXED ASSETS
Freehold
tand &
COST OR VALUATION
As al 1 September 2022 & 31 August 2023
840,651
DEPRECIATION
As at 1 September 2022 and 31 Augusl 2023
NET BOOK VALUE
As al 31 August 2023
840.651
As al 31 August 2022
840.851
6. INVESTMENT5
2023
2022
Model Trusl Fund
248.272
293,952

15
ISLINGTON & CAMDEN MISSION CIRCUIT
OTES TO THE FINANCJAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2023
7. BANK AND CASH BAIANCES
2023
2022
HSBC Current accour)I
Cenlral Finance Board
15.152
22.852
25,097
19,139
38.004
Cash and cash equwalent includes Cash In hand, dEp951t5 held
at call wlth b?nk5, oiher shDrt term Ilquld InvE5trnentS Wlth tsrlglnal
maturltles of three month5 or less, and bank ov@rdrafts. Bank
overdrèft5 are shown wlthln borrowings In current IlabllitlÈs.
8. CREDITORS.. Amounts lallTrng due wlthln one year
Loans
Aeeruals
25,000
2,400
1.800
27,400
1.800
9. FUNDS
01-Sep-22
Reeelpts
Payments
Transfers
31-Aug-23
UNRESTRicfED FUNDS
General funds
1,1n.039
119.208
196.721
1,099,528
General funds &re money raised for the general running ol the Circuit

16
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAI STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2023
10. ANALYSIS OF FUND BALANCES BETWEEN THE NET ASSETS
Total
Unrestricl.
Tan9ible IixEd assets
Investments
Bank and cash balanees
640,651
248,272
38,004
127,4001
1,099,527
11. RELATED PARTY TRANSACTIONS
TRUSTEE5 REMUNERATIONS ANT) BENEFIT5
All the Ministers setving in the Circuit are members ol the Circuit Meeling
12. TRANSACTION WITH RELATED PARTIES
Allhough the Circuit pays the rnini5teiisl slipends. the Ministers are not employed by the Circuit.
Ministers are employed by Conference. bul ills tho responsibility ol the Circuit lo pay them.
There were no other related partles Ir8nsaclions lor the ye8r ended 31, August 2023
Connected organisalions indude the Methodist Connexion, Churches wilhin the Circuit, other
Melhodisl Dislricls in Great Britain, CFB, and TMCP. All Iliese entities have Ihelr own Iruslees
and autonomous admir)isliation such that Ilie Clrcull has no mal8ri81 Influencè over them.
They are, Iherelore not considered related parties.

17
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TOTHE FINANCIAISTATEMENTS
FOR THE YI.AF¢ ENDED 31, AUGUST 2023
18. POST BALANCE SHEET EVENTS
There has been no posl balanee sheet event which could materially allect these financlal
slalemenls
However. as a result ol the Covid-19 pandern￿, the churches attendance has gone down and the
activilie5 01 the Lhurches tenants have also been draslicalty reduced. Hence the churches, ability
lo pay their respective lulure circuit assessments. and the lenanls, abilily to meet their future
rent payment obligalions are in doubl.
14owever the 'going concern ol the circuit is not Ihrealened, as the circuit has set up sn Interim
Finance committee lo monitor the finances of the individu&l chuiches lo ensure that wherever
possible, there is a sharing of resOur￿S amongst the chLirches. In the short18rm, the circuit
intends lo rely on ils reserves with the TMCP lo m881 ils Imrnediale financial obligations.
Id. Volunteer Contribution
Every wng of the Melhodisl Church (Local Churches, Circuits, Distiicls, Connexionl
In the Unlled Kingdom is heavily rellanl on volunteers who conlribule thelr Skills, time.
rnoney and Ihelr resources in the furtherance ol ihe work ol the church. Principalty, this
contribution is by serving on commillees ol the Circuit that deal Mqth mls8ion, manses,
finance. policy. grants, training developments. elc elc.
The colltribulion ol volunteers is nol included within the income ol the Circuit.
We are grateful lo all ol them lor their help and commilmenls
25. Mln15ters' manse £0sts
The Circuit is required lo provide accommodation lor each Minister atKI hlslher lamlly. The
Circuit bears the costs ol repaiis, Tnainlenance, building insurance, Council Tax and water
charges on the properties. Th05e oosls are nol shown separalèly a5 benelll-ln-kind lor the
Ministers as HMRC oso8s not seek lo lax these receipts in the hands ol the Ministers.
Similarly. these costs are not dlsdospd as related partles, IransaclSons in these accounts.