2020-08-31-accounts

	Page
Legal and Administrative Information
Annual Report ofthe Trustees
Independent Examiner's Report tothe Trustees
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	IO

		Unrestricted	Restricted		Unrestricted	Restricted
		Funds	Funds	Total	Funds	Funds	Total
	Note	2020	2020	2020	20I9	20 I9	20I9
		6	6			E
Income from:
Donations, Legacies &Grants		48,2I4	I l,903	60,117	50,420	I5, I I2	65,532
Other Church Activities		6,59I		6,59 I	I3,066		I3,066
Lettings Income		52,004		52,004	90,054		90,054
Investments		323		323	208		208
Total Income		107&I32	II,903	II9,035	I53,748	IS,I l2	l68,860
Expenditure on:
Raising Funds		I0,338	3,979	I4,3I7	l4,3 I9		14,3 I9
Charitable Activities		I09,596	I3,650	I23,246	I63,580	4I,855	205,435
Total Expenditure		II9,934	l7,629	l37,563	I77,899	4I,855	2I9,754
Net Expenditure	4	( I2,802)	(5,726)	(l8,528)	(24, I51)	(26.744)	(50.894)
Transfer Between Funds
Net Novement in Funds		(I2,802)	(5,726)	(l8,S28)	(24, I5I)	(26,743)	(50,894)
Total Funds Brought Forward		2,9I5,404	8,88 I	2,924+85	2,939,555	35,624	2,975, I79
Total Funds Carried Forward		2,902,602	3,ISS	2,905,757	2,9I5,404	8,88I	2,924,285

					Unrestricted	Restr lcted
					Funds	Funds	Total	Total
					2020	2020	2020	20I9
				Note
Fixed Assets
Tangible Assets				5	2,825,235		2,825,235	2,823,539
Current Assets
Debtors					33,858	586	34,444	58,262
Central Finance Board 8 Trustees for
Nethodist Church	Purposes		Deposits		38,130		38,130	32,701
Cash At Bank And	On Hand				8,073	2,569	10,642	13,745
					80,061	3,155	83,216	104,708
Creditors - Amounts		Falling Due
Within One Year					2,694		2,694	3,962
Net Current Assets					77,367	3,155	80,522	100,746
Net Assets					2,902,602	3,155	2,905,757	2,924,285
Represented by:
Restricted Funds						3,155	3,l55	8,881
Unrestricted Funds					2,902,602		2,902,602	2,915,404
Total Funds					2,902,602	3,155	2,905,757	2,924,285

					Unrestricted	Restricted
					Funds	Funds	Total	Total
					2020	2020	2020	2019
					f.	E	g
Donations &Legacies
Offerings		and Donations			38,340	5,119	43459	51,327
Income	Tax Reclaimed				9,874		9,874	11,516
HMRC	Furlough		Scheme			3,979	3,979
Grants						2,805	2/05	2,689
					48,214	I 1,903	60,117	65,532
Income from Charitable				Activities
Clubs and		Groups			6,555		6,555	13,066
Other Trading		Activities
Lettings	In	come			52,004		52,004	90,054
Other	Income				36		36
					52,040			90,054
Investment	Income
Interest					323		323	208
					107,132	11,903	119,035	168,860
3.Expenditure
3aExpenditure on			Raising Funds
					Unrestricted	Restricted
					Funds	Funds	Total	Total
					2020	2020	2020	2019
Staff Costs (Lettings				Manager)	10,328	3,979	I4,307	14,219
Bad Debts					10		IQ	IOO
					10,338	3,979	14,317	14,319

Expenditur	e on Ch	ari	table Activities
				Unrestricted	Restricted
				Funds	Funds	Total	Total
				2020	2020	2020	20I9
					E	E
Circuit Assessment				68,704		68,704	64,783
Church Life &Outreach				3,151	10,006	13,156	19,425
Missionary	&Charitable		Giving	350	3,644	3,994	6,623
Provision ofOffice &		Support		3,048		3,048	4,262
Provision of Buildings		&	Facilities	33,563		33,563	109,561
Governance	Costs			780		780	780
				109,596	13,650	l23,246	205,435

								Unrestricted	Restricted
								Funds	Funds	Total	Total
								2020	2020	2020	20I9
Gross wages, salaries				and benefits		in kind		23,341		23,341	23,212
Employer's	National			Insurance				760		760	825
Employer's	Annual		Allowance					P60)		(7&0)	(825)
								23,341		23,341	23,212
										2020	2019
Average number		of	full-time		equivalent		employees	during the year were:		I	I

		Unrestricted	Restricted
		Funds	Funds	Total	Total
		2020	2020	2020	20I9
		f
Giving to Organisations
Action for Children			1,292	1,292	975
All We Can			455	4SS	1,090
Bible Society		75		75	150
CARIS					113
Christian Aid			522		305
Ghana Methodist Churches					271
Junior Mission For	All
Leaders ofWorship	&Preachers Trust	125		125	250
Methodist Auxiliary	Fund				300
Methodist Church	Fund				2,300
Methodist Housing	Society	150		150	300
Mission in Britain Fund			535
MWI8 Easter Donation					95
Nigeria Wesley Nnono Circuit					200
Orbis			100	100
Premier Radio			100	100
Salvation Army			160	160
St Barnabas			100	100
StChristopher Hospice			100	100
WaterAid			280	280	220
		350	3,644	3,994	6,623
Gifts to Individuals
		350	3,644	3,994	6,623
4.Net Income/(Expenditure)
					2019
This is stated after charging					E
Depreciation ofOwned	Assets			424	0
Independent Examination	Fee			780	780

5.Tangible Fixed Assets	5.Tangible Fixed Assets
			Freehold
			Land &	Fixtures,
			Buildings:	Fittings &
			Church	Equipment		Total
Cost/valuation
At I September	2019		2,823,539		16,255	2,839,794
Additions					2,120	2,120
Disposals
At 31 August 2020			2,823,539		18,375	2,841,914
Depreciation
At I September	2019				16,255	16,255
Charge For Year					424	424
Disposals
At 31 August 2019					16,679	16,679
Net BookValue
At 31 August 2020			2,823,539		1,696	2,825,235
At 31 August 2019			2,823,539			2,823,539
The Church buildings	and other property	includes:
		Address	Ownership
Church Building &North Bank		28 Pages lane	Trustees for Methodists		Church	Purposes
		Muswell Hill
		London N I0 IPP

		2020	20I9
Debtors
Gift Aid Receivable		5,990	I6,976
Lettings	Receivable	3,853	22,094
Methodist	New River Circuit	807	254
Furlough	Scheme	586
Other		I52
Prepayments
Ist Quarter Circuit Assessment		I6,439	I6,439
Insurance	R Lift Maintenance	3,406	2,500
Utilities		3,2I I
		34,444	58,262

7.Cash at Bank and In H	and
			2019
Lloyds Current Account		I0,555	I3,562
Lunch Club Account 8cCash Float		87	I83
		10,642	I3,745
8.Creditors - Amounts	Falling Due Vfithin One Year
			20I9
Gen eral Creditors		I, I34	3,I82
Accruals		I,560	780
		2„694	3,962

					At I					At 31
					September					August
					2019	Received	Expenditure	Transfers		2020
									f.
Internal Funds
Benevolent Fund					805	59	(35)			829
Child Contact	Centre				399	2,981	(3,271)			109
Fitness Club						1,103	(1,250)			(147)
Flower Remembrance			Fund		128	316	(339)			105
Syrian Refugee	Resettlement			Fund	6,570	800	(5, 1 I I)			2,259
Coronavirus Job		Retention		Scheme		3,979	(3,979)
Internal Funds		Total			7,902	9,238	{13,985)			3,I55
					At I					At 31
					September					August
					2019	Received	Expenditure	Transfers		2020
Funds Raised	for External
Organisations
Action for Children					903	389	(1,292)
All We Can					(251)	706	(455)
Christian Aid					147	375	(522)
14ission in Britain		Fund				535	(535)
Orbis						100	(100)
Premier Radio						100	{100)
Salvation Army						100	(100)
St Barnabas						100	(100)
StChristopher	Hospice					160	(160)
WaterAid					180	100	(280)
External Funds		Total			979	2,665	(3,644)
Total Restricted		Funds			8,881	11,903	(17,629)			3,155