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||Page|
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|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|
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|||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|
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||||||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|
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||||||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|
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|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|
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|||||||||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|
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|||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|
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|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|||||
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|||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|
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|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|
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||||||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|
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