2022-08-31-accounts

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

	Unrestricted	Restricted		Unrestricted	Restricted
	Funds	Funds	Total	Funds	Funds	Total
Note	2022	2022	2022	2021	2021	2021
		f	E
Income from:
Donations, Legacies 8cGrants	49,688	I3,884	63,572	65,262	15,958	81,220
Other Church Activities	4,919		4,919	497		497
Lettings Income	48,947		48,947	16,040		16,040
Investments	65		65	51		5i
Total Income	103,619	13,884	117,503	81,850	15,958	97,80$
Expendit:ure on:
Raising Funds	9,116	270	9,386	5,007	9,57.2	14,529
Charitable Activities	105,090	I2,521	117,611	94,19&	8,712	102911
Total Expenditure	114,206	12,791	126,997	99,206	18,234	117,440
Net Expenditure 4	(10,587)	1,093	(9,494)	(I7,356)	(2,276)	(19,632)
Transfer Between Funds				(379)	379
Net INovement in Funds	(IO,S&7)	1,093	(9,494)	(17,735)	(1,897)	(19,632)
Total Funds Brought Forward	2&8$4&867	1,258	2&886,125	2,902,602	3,155	2,905,757
Total Funds Carried Forward	2,874,280	2&351	2,$76,631	2,884,867	1,258	2,886,125

							Unrestricted	Restricted
							Funds	Funds	Total	Total
							2022	2022	2022	202I
						Note
Fixed Assets
Tangible Assets						5	2,824,387		2,824,387	2,824,8 I I
Current Assets
Debtors							39,490	l69	39,659	24,368
Central Finance		Board		&Trustees for
Methodist Church			Purposes		Deposits		4,674		4,674	I5,364
Cash At Bank	And		On	Hand			9,006	2, I82	I I,I88	25,370
							53,I70	2,351	55,52 I	65,I02.
Creditors - Amounts				Falling Due
Within One	Veer						3,277		3,277	3,788
Net Current		Assets					49,893	2,35 I	52,244	61,3l4
Net Assets							2,874,280	2,35I	2,876,63 I	2,886, I 25
Represented	by:
Restricted Funds								2,35 I	2,35I	I,258
Unrestricted		Funds					2,874,280		2,874,280	2,884,867
Total Funds							2,874,280	2,351	2,876,63 I	2,886, I25

				Unrestricted	Restricted
				Funds	Funds	Total	Total
				2022	2022	2022	202I
				E			E
Donations &Legacies
Offerings and Donations				40,453	7,608	48,06I	55,733
Income	Tax Reclaimed			9,235	I69	9,404	9,946
HMRC	Furlough	Scheme			347	347	I2,82 I
Grants					5,760	5,760	2,720
				49,688	I3,884	63,572	81,220
Income from Charitable			Activities
Children	&Social	Groups,		4,9 I9		4,9I9	497
Weddings &Funerals
Other Trading Activities
Lettings	Income			48,947		48,947	I6,040
Other Income
				48,947		48,94?	I6,040
Investment	Income
Interest						65	5I
				103,6I9	I3,884	I I7,503	97,808
3.Expenditure
3aExpenditure on		Raising Funds
				Unrestricted	Restricted
				Funds	Funds	Total	Total
				2022	2022	2022	2021
						E	f
StaffCosts (Lettings			Manager)	9,I02	270	9,372	I4,529
Bad Debts				l4		14
				9,l I6	270	9,386	I4,529

xpenditure	on Charit	able Activities
			Unrestricted	Restricted
			Funds	Funds	Total	Total
			2022	2022	2022	2021
			E		E	E
Circuit Assessment			65,754		65,754	65,754
Church Life &Outreach			2,554	8,567	11,121	6,133
Missionary	&Charitable	Giving	350	3,877	4,227	767
Provision ofOffice &Support			2,649		2,649	2,364
Provision of Buildings &		Facilities	32,883	77	32,960	27,113
Governance	Costs		900		900	780
			105,090	12,521	117,611	102,911

							Unrestricted	Restricted
							Funds	Funds	Total	Total
							2022	2022	2022	2021
								E
Gross wages, salaries and benefits					in kind		18,273	347	18,620	23,567
Employer's		National	Insurance				148		148	774
Employer's		Annual	Allowance				(148)		(148)	(774)
							18,273	347	18,620	23,567
									2022	2021
Average	number offull-time			equivalent		employees	during the year were:			I

			Unrestricted	Restr icted
			Funds	Funds	Total	Total
			2022	2022	2022	2021
			'E		E
Giving to Organisations
All We Can				387	387	80
Bible Society			75		75	75
Christian Aid				1,355	1,355	168
Haringey Giving - Refugee Appeal				450	450
Leaders ofWorship	&	Preachers Trust	125		125	125
Methodist Housing	Society		150		150	150
North London Hospice				470	470
UNICEF				400	400
WaterAid				255	255
WAVE Church				510	510
Action for Children						39
Hornsey Foodbank	(In	addition tofood donations)				IO
Junior Mission For	All					120
			350	3,827	4,177	767
Gifts to Individuals				50	50	555
			350	3,877	4,227	1,322
4.Net Expenditure
					2022	2021
This 8stated after charl'ng					E
Depreciation ofOwned	Assets				424	424
Independent Examination		Fee			900	780

5.Tangible Fixed Assets	5.Tangible Fixed Assets	5.Tangible Fixed Assets	5.Tangible Fixed Assets
								Freehold
									Land &		Fixtures,
								Buildings:			Fittings &
									Church		Equipment		Total
													L
Costlvalu ation
At I September	2021							2,823,539				18,375	2,841,914
Additions
Disposals
At 31 August 2022								2,823,539				18,375	2,841,914
Accumulated Depreciation
At I September	2021											17,103	17,103
Charge ForYear												424	424
Disposals
At 31 August 2022												17,527	17,527
Net BookValue
At 31 August 2022									2,823,539			848	2,824,387
At 31 August 2021									2,823,539			1,272	2,824,811
The Church buildings	and	other	property	includes:
				Address			Ownership
Church Building BNorth		Bank		28 Pages		Lane	Trustees for Methodists					Church	Purposes
				Muswell		Hill
				London		Nl 0 IPP
The Church Building	and	North	Bank properties		were last valued		by Methodist	insurance		PLC	in 2018. At the time ofthis
report, the buildings	are insured		at a rebuilding		cost of64,443,179and the church				equipment		for a	value off123,586.

6.Oebtors
			2022	202I
				E
Debtors
Gift Aid Receivable			12,404	3,000
Lettings Receivable			6,5 I I
Methodist New	River Circuit		l7I	807
HMRC Furlough	Scheme			562
Miscelleaneous				49
Prepayments
1stQuarter Circuit Assessment			16,439	I6,439
Insurance 8c Lift	Maintenance	Expenses	4, I34	3,5 I I
			39,659	24,368

7.Ca	sh at Bank and In Hand
		2022	202I
		f
Lloyds	Current Account	I l,093	25,283
Lunch	Club Account 8 Cash Float	95	87
		I I,I88	25,370

		2022	202I
		E.	IE
General Creditors		2,377	830
Accruals		900	780
Rental Income Received	in Advance		2,I78
		3,277	3,788

9.Restricted Funds	9.Restricted Funds	9.Restricted Funds
9aForthe year ended 31			August 2022
				At	I				At 3l
				September					August
				2021		Received	Expenditure	Transfers	2022
						E		E
Internal Funds
Benevolence Fund				274		500	(50)		724
Child Contact Centre						2,640	(3,646)		(1,006)
Flower Remembrance	Fund			105		30	(44)		91
Haringey ESOLClasses						3,120	(1,232)		1,888
Syrian Refugee Resettlement			Fund	879			(482)	(397)
Muswell Hill Welcomes						1,609	(2,083)	397	(77)
Ukrainian Refugee Support						1,220	(1,080)		140
Coronavirus Job Retention		Scheme				347	(347)
Internal Funds Total				1,258		9,466	(8,964)		1,760
				At	I				At 31
				September					August
				2021		Received	Expenditure	Transfers	2022
Funds Raised for External
Organisations
Action for Children						458			458
All We Can						387	(3&7)
Christian Aid						1,4&8	(1,355)		133
Haringey Refugee Appeal						450	(450)
North London Hospice						470	(470)
UNICEF						400	(400)
WaterAid						255	(255)
WAVE Church						510	(510)
External Funds Total						4,418	(3,827)		591
Total Restricted Funds				1,258		13,884	(12,791)		2,351

				At I				At 31
				September				August
				2020	Received	Expenditure	Transfers	202I
					E		E
Internal Funds
Benevolence Fund				829		(555)		274
Child Contact Centre				109	2,720	(3,061)	232
Fitness Club				(147)			147
Flower Remembrance		Fund		105				105
Syrian Refugee Resettlement			Fund	2,259		(1,380)		879
Coronavirus Job Retention			Scheme		12,821	(12,821)
Internal Funds Total				3,155	15,541	(17.817)	379	1,258
				At I				At 31
				September				August
				2020	Received	Expenditure	Transfers	202i
				E				E
Funds Raised for	External
Organisations
Action for Children					39	(39)
All We Can					80	(8o)
Christian Aid					168	(168)
Hornsey Foodbank	(In	addition tofood donatii			10	(10)
Junior Mission For	All				120	(120)
External Funds Total					417	(417)
Total Restricted	Funds			3,155	15,958	(18,234)	379	1,258