ISLINGTON & CAMDEN MISSION CIRCUIT
Charity registration number- 1129475
REPORT AND ACCOUNT5
31 AUGUST 2024

ISLINGTON & CAMDEN MISSION CIRCUIT
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. AUGUST 2024
CHARITY INFORMATION
Charity Registration number- 1129475
Principal address
Airliil'ay Meiliodist Church
Navigator Square
London
N193TD
Bankets-
HSBC Bank PIC
Belgravia Bla￿¢h
Th¢ Peak
333 Vauxhall Bridge Road
IA)ndon SW IV I FJ
Cciitral financc Board
9, Bonhill Streel,
London. E("2A 4PE
Independent Exaininer
Kojo Amoah-Aiko
Kojo & Co Ltd
Chartered Certified A¢¢ountants
118-120 London Road
Miteham
Surrey CR4 3LB
TABLE OF CONTENTS
PAGE
Trustees Report
1106
Independent Examinerfs Report
Slalement of Financial A¢livilies
Balance Sheet
Notes lo the Financial Statements
101017

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31. AUGUST 2024
The Tiuslees present their report logethttr with the Independently exarnined
financial slalemenls for the year ended 31, August 2024
BASIS OF ACCOUNTS PREPARATION
The financial slalemenls have been prepared in accordance with 'Accounling and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordan¢e with the Financial Reporting Standard appli¢able
in the UK and Republic of Ireland l FRS 1021 Isecolld Edition) and the Finallcial
Reporting Standard applicable in the United Kingdom and Republic of Ireland l FRS 1021 and
the Charities Act 2011 and UK Generally Accepted Practice as il applies from 1 January 2015
The financial slalemenls have been prepared lo give 8 'Yrue and fail" view and have
departed from the Charities l Accounts and Reports l Regulations 2008 only lo the exlenl
required lo provide a "Ir(Je and fair view" This departure has involved following
Accounting and Reporting by Charities '. Slalemenl of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Iieland l FRS 1021 I Second
Edition I" rather than the Accounting and Reporting by Charities Slalemenl of
Recommended Pradi¢e effective from 1, April 2005 which has since been withdrawn"
The financial slalemenls have been prepared in accordance with the accounting
policies set out in Note 2 to these accounts, and in accordance with the governing
document of the Circuit.
GOVERNING DOCUMENT AND OBJECTIVE
The governing document for th& Circuit is the Deed of Union11932) and the Melhodisl Church
Acl119761-
The Purpose of the Melhodisl Church are and shall be deemed lo have been since the dale
of the union, the advancement of..
(al the Christian faith in accordan￿ with the docliinal standards and discipline
of the Melhodisl Church.,
Ibl any charitable purposes for the lime being of any Connexional, District, Circuit,
local or other organisalion of The Melhodisl Church.,
Icl any charitable purpose for the lime being of any society or inslilulion subsidiary
or ancillary lo The Melhodisl Church.,
Idl any purposo for the lime being of any charity subsidiary or ancillary lo The
Melhodisl Church.
In striving lo achieve ils objectives, the Trustees give careful consideration lo the Charity
Comrnission's general guidance on public benefit.
We confirm that the Circuit is a public benefit entity as defined by FRS 102.

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 20241 Continued I
TRUSTEES
The Trustees of the Circuit are selected from given office holders of the Methodist Church
REFERENCE AND ADMINISTRATIVE DETAILS
The Circuit is managed on day lo day basis by the Superinlendenl rninister, the ministers in the Circuit
and the Circuit Stewards.
The CiTcuII Meeting Members who are also Iruslees are
District Chair
Revd Dr Jongikaya Zihle
Superlntendent Mlnlster
Revd Alana Lawrence
circuit Ministers
Deacon Sally Wheadon
Circuit stewards
Mrs Abimbola Keyede
Mr Laurence Evans
Mary Donkor
Nana Darko-obiri
Clrcult Treasurer
Godfried Gyasi-Addo
Clrcult Meetlng Secretary
Ms Aderemi Olamide Bankole
Local Preachers. Secretary
(shared with Wesl London Mission Circuill
Miss A Roberts
Mrs E Da Cosla
Safeguarding Co-ordinator
Miss Iris Challis
Local Church Represerbtatlves..
Archway Methodist
Miss V Meredith
Mrs Jeanelle Bradshaw
Mrs Margaret Rose Dofoo
Miss Iris Challis
Miss V hhilchell
Mrs Beatrice Omari
Ms Aku Williams
Mrs Ellen Prudence Ofosu-Amaah
Miss Lorraine Omari-Asor
Ms Kathy Monloule
Ms Denise Tuille
Mrs E Obeng
Caledonian Road
Camden Town Mission
Islington Central
Methodist Women in Britaln

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 2024
The Trustees
The Iruslees who are registered with the Charity Commission are
Rev Anne Mary Lawrence
Deacon Sally Wheadon
Aku Williams
Godfried Gyasi-Addo
Nana Darko-obiri
Mary Donkor
Tinalasa Williams
Beatrice Omari
Jeanelle Bradshaw
Eva Da Cosla
Ellen pruden￿ Ofosu-Amaah
Ann Roberts
Laurence Norman Evans
Eva Esi Obeng-Reid
Abimbola Keyede
Margar21 Rose Dofoo
Ivy Dougan
Veronica Meredith
Vivienne Carol Mitchell

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The CiTcuII is managed by 8 leadership team made up of the ministers, the Circuit stewards and local
chur¢h represenlalives. The Circuit ensures that incoming slewaids are well equipped by arranging
for them lo allend training and seminars organised by the District and the Circuil for that purposes.
The Circuit Leadership team meets periodically lo discuss finance, pioperty and other matters
peilaining lo the life ol the Circuit and lo make recommendations to the Cir¢uil Meeting.
The C1￿Ul1 Meeting also meets al least twice a year lo consider recommendations and receive
reports from and lo the Melhodisl Conferen¢e, London District Synod, the Circuit Leadership Team
and the Circuit Stewards, and conducts other business as appropriate.
FUNCTIONS OF THE CIRCUIT
Mission statement
The Circuit's mission statement is'lo be open lo God, open to Life and open to the world"
The main lunclion of the Circuit is lo provide the support mechanism lo the local churches within the
Circuit. Careful consideration of the Charity Commission's general guidance on public benefit has been
borne in mind in reviewing the functions of the Circuit and in planning its aclivilies. The Iruslees
consider the current activities as detailed in this report deliver public benefit.
The Circuit is responsible for the following..
To provide ministerial oversight and pastoral care for the 4 local churches in the Circuit
To Support the ministerial team of the presbyleral ministers.
To maintain the manses and lo manage the investment properties.
To support local churches in providing place for worship.
MAIN GOALS FOR THE YEAR
The main goals for the year were..
To identify priorities for furthèr use and applicaliDn ol funds al the disposal of the Circuit
To use ils resources effectively lo further ils mission
To develop ils work among the young people
To investigate ways of working together lo achieve the objectives of the circuit
The Trustees were able lo achieve the goals as sel al the beginning of the year

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31, AUGUST 2024
ACHIEVEMENTS AND PERFORMANCE
FINANCIAL REVIEW
The Circuit church finances continue lo face a number of difficulties, two of the churches have yet to
find ways to increase their income lo cover their circuil assessment and ongoing mainlen8n¢e costs.
However, they both have sullicignl rfyserves lo give Ihem 1Sme lo work on development plans.
The other ehurch is now within a Connexional projecl and whilst il has no running costs. they are
looking for ways lo increase their income lo secure their long-lerrn lulure. This church also has healthy
reserve lo draw upon whilst these discussions lake place. The financial position of the largest ohurch
in the circuit has returned lo pre Covid levels and provides the Circuit with over half its assessments.
The Circuit assessmenl still does not cover the Circuit running costs at this time, and conversations
are continuing within the CiTcuiI lo raise each church's assessrnenl. Meanwhile the Circuit continues lo
draw down from ils TMCP fund Bach year to covèr costs.
ReseThes
The balan¢e of Ihg unr¢slri¢led funds at 31 August 2024 was £1,053,209 12023- £1,099,526) This
includes the value ol the Fixed Assets of £840,651 thereby leaving a nel liquid balance of £212,558
for the general running ol the Circuit.
PLANS FOR THE FUTURE
There ale conversations taking place wlhin the Circuit lo increase the Gircuil assessment from each
church as we move forward. However, there are a number ol development decisions that need to be
lak8n within two of Ihe churches which will also aflecl this conversation going forward.
Al the largest church there are major works anlicipaled lo renovate the building lo address 8 number
of ongoing structural r8pair issu8s. This will require fund raising as il will be beyond tha financial capacity
of the Church or Ihe Circuit. It is however not envisaged thal Circuit finances will be irnpacted by the projecl.
The Circuit Trustees again anlicipale drawing down from the Circuit TMCP Trust fund to cov81 costs lor the
ytsai 8he8d.
ReseNe Policy
The Tmstees endeavour to maintain sufliaent ReseNes to ensure that the Circuit is on a
"going concern basis al all times.
The Ciicuil GeneTal Fund Iunieslricted fund) balance al the end of the year was £1.053.209
Our reserves policy is to hold at least 6 month's expenditure. With Ihe current level ol annual
expenditure { £147,385) the expected level of Reserves should be £73,692, compaTed lo the actual
readily available re5etves Icircuil General Fund balance less properties values) of £212,558.
The current reserves are lar in excess of the required level and Ihe Trustees intend lo take the
appropriate measures to bring the actual reserves in line with the expected level.

ISLINGTON & CAMDEN MISSION CIRCUIT
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31. AUGUST 2024
Risk Analysis
The Trustees have examined the principal areas of their operations and Considered what major risks
could arise in each of these areas. In the opinion ol the Trustees, resources and review system5
have been established which, in the normal condbtions, should allow the risks identified by them lo be
miligaled lo an a¢¢eptable level in their day lo day operations.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing the Tiuslees. Report and the financial slalemenls in
accordance with appli¢abl& law and United Kingdom Accounting Standards (United Kingdom Generally
Acceptable Accounting Pra¢licel
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial
statements for each financial year which give a true and fair view" of the slate of affairs of the
charity and of the incoming resources and application of resc>ur¢es of the charity for that year.
In pieparing these finan¢ial slalemenls the Trustees are required lo..
> select suitable accounting poliGies and then apply them Consistently
> observe the methods and principles in the Charities SORP
> make judgements and eslimales that are reasonable and prudent
> stale whether applicable accounlino standards have been followed, subject lo any
material d8partures dis¢losod and explained in the financial slalemenls
> prepare the financial slalemenls on the going concein basis unless il is
inappiopriale lo presume that tho ¢harrty will Continue lo operate.
The Iruslees are responsible for keeping sufficient accounting Tecords that disclose with
reasonable accuracy al any lime the Financial position of the Circurt and enable them lo
ensure Ihal the accounts comply with the Charities Act of 2011, the appropriate Charity
(Accounts and Reports) Regulations and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the Circuit and hence for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware.,
> There is no relevant audit information of which the Circuit's auditor is unaware.. and
> the Iruslees have taken all slep5 that they ought to have to m8ke themselves aware of
any relevant audit information and lo establish that the auditor is aware of that information.
APPROVAL
This Report was approved by the Circuit Trustees on
their behalf by.. A. kJlrflltJ& PJAhSKC*£
2025, and signed on
Circuit Meeting Secretary

INDEPENDENT EXAMINER'S REPORT
TO y￿E TRUSTkkS OF ISLINGTON K CAMDEN MISSION CIRCUIT
I repoil on Ihe iJCI.'oiinls Ilie f.liaiily for tho yogr 31 Aiigusl 2024 whicli aro soi oul
011 Pr?ycs 8 10 17
Rcsp¢¢livo rcsponsibllltlo.¥ of trustQQ5 and cxoiiiiticr
IriJqloeB Cunliider Ihal Triidil ig not [￿lI1r￿￿ for1h￿. yoor undor %OBIK)n 144121 ol Ihc charl￿09
Acl 2011 Ilhp 2011 Acii and Ihal an indppènd8nl 9.￿￿[￿1na1lOn is nceded.
examliio Ikie acthiinls Iiiider $8clroii 145 01 the 2011 A¢.1,
lo lolFI)w Eh# piuceduie¥ Idid (bwn in Ihe Deneral l)Itedions giv¢n by
Charity LomTni55ion under sccllon 14Jl5llbl of IhL 2011 Act. and
io stalè wh8llTror pdrhiupdr maller8 have CO￿ lo Iny ¥llonlion
Bdsls af IndL¥pciidertt ExamliiEr's report
My e.xnmincTrlion wgts Cir iried oul In ￿ecord0￿CO wilh Ihe oeneml l?ireGllons 9ivcn by Ihc Lharily
cor1111115siui1. An examinalioll ir,r.1i￿1l$ 3 reviow tho accounlino re¢oids kppl by the
cliarily and a compJilson ol Ihc accounts re.pr￿spi1led wilh Ilioso rgcoids 11 also iTrclLJde
from yuu as liuslees cuficeriiiiig dlly sucli mail￿(5. l-hv proc0￿Ures undortakcn do nol
pio¥￿0 all Iho ev￿ence Ihtsl would be fftquired iii an a￿￿11 dnd consequonlly no op]n￿ll 1$ given
43 lo whelhei Ilie (IccouiI15 present a Iiue and fairvivw ￿lid the rewrl is 1SmiiÈd lo Iliose
Indcpondent exainlnor's slatomonl
lry conne￿10￿ wrth my exawinalivn. nv niuller lids conie lo my allenlion.
111 which glvp.s mp reasonablE cau¥e Its bèliove Ihal in 811y mnleii81 rpBytrGI Ilie IL4iJir¥inenls'.
lu keap a￿unlI￿g Ipcords in ￿Lcu[￿ante wilh secb'Dn 130 of tho 2U11 Acl. und
lo prepare ac¢ouiils Wh￿}7 dLLurd wilh lh# 3eL'tsuniiTig ivcords ￿nd cornp￿ wilh Ih9
121 lo.which. in my opinion, allenlioiTr shuukl be drawii in order In enablo ts prowr
underslanding ol the nr.cy918 lo be leached.
Kojo AMoah-Ad(o fccA
Kojo & CD Lld
As$or.ialitwi ol Charterdd C¢iiiiiud A￿oi1￿1￿￿1$
Il li/
L£
L)aled
Milchir m
Surrcy e.R4 3LB

ISLINGTON & CAMDEN MISSION CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
INCOMING RESOURCES
2024
2023
Unrestricted Unrestricted
Total
Total
Note
Charitable Activities
87.932
85.296
Investment income
13.100
8,806
Other income
35
25,106
101,067
119,208
RESOURCES EXPENDED
Expenditure on charitable a¢livilies
Governanco
146,008
1,378
194,949
1,771
TOTAL RESOURCES USED
147,385
196,720
NET IDEFICITI FOR THE YEAR
146,318)
177,5121
BALANCE BROUGHT FORWARD
1,099,527
1.177,039
1,053,209
1.099,527

ISLINGTON & CAMDEN MISSSON GIRCUIT
BALANCE SHEET AS AT 31 AUGUST 2024
2024
2023
Note
TANGIBLE FIXED ASSETS
840,651
840.651
CURRENT ASSETS
Investrnenls
Bank and cash balances
204,460
36,098
248,272
38,004
240,558
286,276
CREDITORS.. Amounts falling
due wlthln one year
28,000
27,400
212,558
258.876
1,053.209
1,099,527
FUNDS
Unrestricted Funds
1,053,209
1,099,527
The notes on pages 11 10 17 foirn an integral part
of these finan081 slalemenls.
Approved by the Ciicuil Meeting on l >ff 201 f and signed on its behalf
(wf)Fiilfb (4YAal-At>bO
Sup8rinlendenl
Circuit Treasurer

io
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2024
. BASIS OF ACCOUNTING
1.1 The financial statements have been prepared in accordance with 'Accounling and
Reporting by Charities." Slalem&nl of Recommended Practice applicable lo chaiilies
preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic ol Ireland l FRS 1021 Isecond Edilionl" and the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland l FRS 1021 and
the Charities Act 2011 and UK Generally Accepted Practice as il applies from 1 January 2015
The financial slalemenls have been prepared lo give a true and fairf. view and have
departed from the Charities l Accounts and Reports l Regulations 2008 only lo the exlenl
required lo provide a true and fair view" This departure has involved following
"Accounting and Reporting by Charities .' Slalemenl of Recommended Practi
applicable lo ¢harilies preparing their accounts in accordance wlh the Financial
Reporting Standard applicable in the UK and Republic of Ireland l FRS 1021 I Second
Edition I" rather than the Accounting and Reporting by Charities .' Slalemenl of
Recommended Pra¢lice effeclNe from 1, April 2005 which has since been withdrawn"
The financial slateTnenls have been prepared in accordance with the accounting
policies sel out in Note 2 to these accounls, and in accordance with the governing
document of the Circuit.
1.2 The Circuit conslilules a public benefi't enlily as defined by FRS 102
1.3 No changes to accounting eslimales have occurred in the reporting peii(Kl.
1.4 No material prior year errors have been idenlrfied in the reporting period.
2. ACCOUNTING POLICIES.
INCOMING RESOURCES
2.1 Recognition of lllcome
Income are recognised and included in the Statement of Financial Activities I SOFA I when..
> The Circuit becomes entitled lo the resources..
It is more likely than not that the Iruslees will receive the resource '. and
> The monetary value can be Measured with sufficient reliability.
2.2 Offselling
There has been no offsetting of assets and liabiif(ies, or income and expenses,
unless r8quired or permilled by the FRS 102 or SORP.

ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3q, AUGUST 2024
2.3 Grants and Donations
Grants and Donations are only included in the SDfa when the general income
recognition ¢rileria as slated above are mel.
2.4 Volunteer Help
The value of any voluntary help received is not included in the accounts.
2.5 Income from Interest, Royaltles and Dividends
This is included in the accounts when receipt is probable and the amount
receivable can be measured reliably.
APPLICATION OF RESOURCES.
2.6 Liability Recognition
Liabilities are reeognisad where il is more likely than not that there is a legal or
Constructive obligation commilling the Circuit lo pay out resources and the
amount of the obligation can k)e measuied with reasonable certainly.
2.7 Costs dlreclly related to the work of the circuit.
The district assessment and ministerial stipends are accounted for when due.
FIXED ASSETS.
2.8 Freehold land and buildings
Freehold land and buildings are accounted lor al original Cost or valuation basis.
The freehold land and buildings mentioned above are shown in these accounts al deemed
valualions, being that property's insurance reinslalemenl value, as notified by Melhodisl
Insurance Corllpany Plc. Change5 In the values of the properties as notified by the Melhodisl
InsuranGe Company PIG are rell$¢led in these accounts on five-year basis
2.9 DEPRECIATION.
Depreciable tangible freehold building values ale depreciated al a rate ¢al¢ulaled lo write off the
cost, less residual value over their expected useful lives.
No Depreciation is provided on land values.
No depreciation is provided on tangible freehold buildings as the Iruslees believe that
the market value exceeds the book valL)e.

ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2024
OTHER ACCOUNTING POLICIES
2.10 Funds
2.10.1 Unreslri¢led funds represent funds which are expendable al the discretion of the Circuil in
the furtherance ol its objects and which have not been designated for other purposes.
2.10.2 Reslricled funds can only be used for sp¢cified purposes. The purpose of any reslricled
fund is noted in the financial slalemenls.
2.11 Con501idatio
The Circuit oversees the work of ministers and lay workers in churches within the Circuit. but does not
have control over those churches, ministers. or the lay workers. For this reason, the financial
slalèments of the churches within the Circuit are not consolidated inlD these financial slatemenls.
2.12 Going Concern
Al the lime of approving the fin8n¢ial slalem&nls, the Iruslees have a reasonable expectation
that the Circuit has adequate resources lo continue in operational existence for the foreseeable
future. Thus the Iruslees have therefore continued lo adopt the going ¢on¢ern basis in preparing
the Circuit's financial stalemenls.
2.13 Taxation
In the opinion of the Iruslees, the Circuit is exernpl from the United Kingdom Taxation on ils
incoming resources for the year.
2.14 A¢¢ounting Èstimates and judyements
In the application of the Clrcuil's accounting policies, th& Iruslees are required lo make
judgements, eslimales, and assumptions about ¢arrying amount of assets and liabilities that are
not readily apparent from other resources. The eslimales alld associated assumptions aro based
on historic experience and other factors that are considered lo be relevant. A¢lual results may
differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo
a￿OuntIng eslimales are recognised in the period in which the estimate is revised where the
revision affects only that pèriod, or in the period of the revision and future periods where the
revision affects both ¢LJrrenl and fLJture periods.
The main assumption concerning the lulure of the Cir¢uil is that the assessment income will
continue lo be sufficient lo meet the costs of stipends. salaries and manse maintenan￿. The annual
budget, as approved by th? Circuit meeting, includes sums necessary for covering these Costs. This
is then allocated among e8ch church in the Circuit, hence the income is dependent upon the
Churches, abiltty lo meel the assessments.
2.15 Flnanclal Instruments
The Circuit only has financial assets and liabilities of a klnd that qualify as basic financial
inslrumenls. Basic financial instruments are initially re¢ognised al transaction value and
subsequently measured al their selllemenl value.

13
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2024
3 INCOMING RESOURCES
2024
Total
Unrèstrict.
Funds
2023
Total
Unrestrict.
Funds
3.1 Charitable Actlvltles Income
Circuit assessrllents
87,932
85,296
3.2 Investment income
Cenlial Finance Board Interest
TMCP Inlfyresl
1,387
11,713
352
8,454
13,100
8,806
3.3 Other Income
Sundry income
Camden donation- Manse repalrs
35
106
25,000
35
25,106
Total income
101,067
119,208
4. RESOURCES EXPENDED
Expenditure on Charitable actlvities
District Assessment
Stipends, Pension and NIC
TMCP levy
Manse expenses
Ministers. Iravelling expense5
Telephone, postage alld admin
Sundries
Training
Manse repairs
21.744
89,323
9.914
10,506
1.785
5,902
334
1,495
5,005
21,108
76,844
13,296
10,886
4,955
5,221
532
62,107
146.008
194,949

ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2024
2024
Total
Unrestrict.
Funds
2023
Total
Unrestrict.
Funds
4. RESOURCES EXPENDED Icontdl
Govgrnance costs
Independent examiners Charges
TMCP Charges
Bank charges
600
708
70
6(x)
838
333
1,378
1,771
5. TANGIBLE FIXED ASSETS
Frèehold
Land &
Building5
COST OR VALUATION
As at 1 September 2023 & 31 August 2024
840,651
DEPRECIATION
As al 1 September 2023 and 31 August 2024
NET BOOKVALUE
AS at 31 August 2024
840,651
As at 31 August 2023
840,651
6. INVESTMENTS
2024
20Z3
Model Trust Fund
204,460
248,272

15
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2024
7. BANK AND CASH BAL4NCES
2024
2023
HSBC Current a¢¢ounl
Central Finan￿ Board
8,119
27,978
15,152
22.852
36,098
38,004
Cash and cash equivalent includes cash in hand, deposits held
at call with banks, other short term liquid investments with origin31
maturitie5 of three month5 or le55. and bank overdraft5. Bank
overdrafts are shown within borrowings in current liabilities.
CREDITORS.. Amounts falllng due wlthln one year
Loans
A¢cruals
25,000
3,000
25,000
2,400
28,000
27,400
9. FUNDS
01-Sep-23
Receipts
Payments
Transfers
31-Aug-24
UNRESTRICTED FUNDS
General funds
1,099.527
101,067
147,385
1,053,209
General funds are money raised for the general running of the Circuit

16
ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2024
10. ANALYSIS OF FUND BALANCES BETWEEN THE NET ASSETS
Total
Unrestrict.
Tangible fixed assets
Investments
Bank and cash balances
Current liabilities
840,651
204,460
36,098
128,0001
1,053,209
11. RELATED PARTY TRANSACTIONS
TRUSTEES REMUNERATIONS AND BENEFITS
All the Ministers serving in the Circuit are members of the Circuit Meeting
12. TRANSACTION WITH RELATED PARTIES
Although the Circurt pays the ministerial stipends, the Ministers are not employed by the Circuit.
Ministers are employed by Conferen￿, bul il is the responsibility of the Circuit lo pay them.
There were no other relaled parties transactions for the year ended 31. Auousl 2024
Connected organisalions include the Melhodisl Connexion, Churches within the Circuit, other
Melhodisl Dislricls in Great Britain, CFB, and TMCP. All these entities have their own trustees
and autonomous adminislraliDn such that the Circuit has no material influence over them.
They are, therefore not considered related parties.

ISLINGTON & CAMDEN MISSION CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31, AUGUST 2024
13. POST BALANCE SHEET EVENTS
There has been no post balance sheet event which could materially affe¢l these financial
slalemenls. However, as a result of the Covid-19 pandemic, the chLJrches allendance has gone
down and the activities of two churches tenants have also been drastically reduced. Hence the
churches, ability lo pay their respective future circuit assessment increases are in doubl. Activities
al the largest church have now reached pre-covid leve15 and il appears lo be the only church that
is in a posrtion lo meet future increase in assessment payment.
The ' going concern" of the circuit is not currently threatened and the Circuit Leadership Team
continue lo monitor the finances of the individual churches lo ensure that wherever
F)ossible, there is a sharing of resources amongst the churches In the short term. the circuit
intends to rely on ils reserves with the TMCP lo meet ils immediate financial obligations.
14. Volunteèr Contribution
Every wing of the Methodist Church ILocal Churches, Circuits, Dislricls, Connexionl
in the United Kingdom is hoavily reliant on volunteers who contribute their skills, lime,
money and their resources in the furtherance of the work of the ¢hur¢h. Prin¢ipally, this
contribution is by serving on committees of the Circuil that deal with mission, manses,
finance, policy, grants, training developments, elc elc.
The contiibulion of volunteers is not included within the income of the Circurt.
We are grateful lo all of them for their help and commitments
15. Minister5. manse costs
The Circuit is required lo provide accommodation for each Minister and hislher family. The
Circuit bears the costs of repairs, rnainlenance, building insurance, Council Tax and water
charges on the prop&rties . These Gosls ale not shown separately as benefil-in-kind for the
Ministers as HMRC does not seek lo tax these receipts in the hands ol the Minisleis.
Similarly. these cosls are not disclosed as related parties, transactions in these accounts.