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|FINANCIAL STATEMENTSFORTHE YEAR ENDED31,AUGUST2021||
|---|---|
|CharityRegis ationnumber-1133940||
|TABLEOFCONTENTS||
||PA6E|
|TrusteesReport|ltoo|
|Auditor'sReport|Ttog|
|StatementofFinancialActivities|10|
|BalanceSheet|11|
|l!otes to theFinancialStatements|12lo22|
##
##
||Note|Unrestricted|Total|2020|
|---|---|---|---|---|
|INCOMINGRESOURCES|||||
|Donation andLegacies|3.1|17,000|77,O00,|17,000|
|Charitable Activities|3.2|727,O20|727,020|149,89s|
|lnvestment income|3.3|745,241|L45,247|130,706|
|Other lncome|3.5|19,288|L9,288|3,O42|
|TOTALINCOMINGRESOURCES||308,549|308,549|300,643|
|RESOURCESEXPENDED|||||
|Expenditure onRaising Funds|4.7|8,23A|43,238|43,347|
|ExpenditureonCharitable Activities|4.2.3|725,368|225,368|224,989|
|Others|4.3|275|275|7,322|
|TOTATRESOURCESUSED||268,881|264,487|269.6s8|
|NetlncomeBefore investmentGains||39,668|39,668|30,985|
|NETGAINSONINVESTMENTS||1,013|1013|-99|
|NETINCOME/(EXPENDITURE)||40,581|40,681|30,886|
|RECOGNISED GAINS|||||
|Gainson revaluation of fixedassets|||||
|fortheCircuit'sownuse.|6|76r,449|167,449|0|
|Gainson revaluationofFixed|7|154,591|154,591|0|
|assetsinvestment|||||
|NETGAINSBEFOREPRIORYEARADJUSTMENT||356,721|356,721|30,886|
|PRIOR YEARADJUSTMENT||394,521|394.521|I|
|TOTALNETINCOMEFORTHE YEAR||75L,742|757,242|30,886|
|BALANCEBROUGHTFORWARD||4,777,896|4,717,896|4,087,010|
|BALANCECARRIEDFORWARD||4,869,L38|4,86911384,LL7,896||
||Note|||e|
|---|---|---|---|---|
|FIXEDASSETS||||2020|
|||unrestrictod|Tolal||
|TangibleAssets
lnveslrnents|9.1
9.2|2,205,035
2,491,061|2,205,035
2,491,061|1,402,911
2.145.829|
|TolalFlx€dAssets||4,696,096|4,696,096|3,948,74|
|CURRENTASSETS|||||
|lnvestments|10|104,475|104.475|104,166|
|Deblo,s
Bank and cash balances|11
12|21,OO4
4&|2'1,004
11,87.2|27,764
58,681|
|||197,351|r97,351|190,61r|
|CREDITORS:lrrnountsfalling|||||
|duswithlnonsyear|13|13t2A|13.'t2E|10,289|
|TOTALNET CURRENTASSETS||18/.,Zt3|19/.223|1ao,?22|
|TOTALASSETS LESSCURRENT|||||
|LIABILITIES||4.880,310|4,880,319|4,129,62|
|CREDITORS:Amountsfalling|||||
|duealterongyear|134|11.18'l|1'r.181|rt,roo|
|TOTALASSETS||4.E69.138|4.869.138|4.1t7.896|
|FUNDS|||||
|Unrestricted Funds|14.1|4.869.138|4.869.138|4,t17,896|
|TOTALFUNDS||4869138|4869138|4117,896|
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|CHEISEA,|.|AMM€RSMITH and FUTHAMMETXODISTORCUIT|CHEISEA,|.|AMM€RSMITH and FUTHAMMETXODISTORCUIT|CHEISEA,|.|AMM€RSMITH and FUTHAMMETXODISTORCUIT||||
|---|---|---|---|---|---|
|STATEMTT{TOFFINANCIATACT'VITIESFORTHEYEARENDED31,AUGUST
3INCOMINGRESOUR€ES|||2021
20||0|
||Unresricted|TOTAL|Unrestricted||Total|
||Funds|Fund||Funds|Funds|
|||2021|||2020|
|||ft|||I|
|3,1 Donations andLegacies||||||
|Nigerian FellowshipDonatior|17.000|17.000||17.000|17000|
|3.2Charitable Activities income||||||
|Circuitassessments|127,O20|121,O20||149,895|149,895|
|3.3lnvggtmentincome||||||
|Central Finance Boardlnteresi|14|14||88|88|
|TMCP lnterest||432|||955|
|Rental lncome|144,795|144,79s||129.663|129,663|
||'t1s,u1|115241||130,706|130,706|
|3.5Other lncome||||||
|LondonDist.iciCovid -19 Grant|5,188|5,'188||||
|lnsuranceClaim|2,600|2,600||||
|Job Retention SchemeGrant|11,500|11,500||
3,U2|3,042|
||r9,28E|t9,2EE||
3,(N2|_3{!3|
|4RESOURCES EXPENDED||||||
||Unrestricted|Total|Unrestricted||Total|
||Funds|Funds||Funds|Funds|
|.I.IEXPENDITURE ONRAISINGFUNDS|,|EE||||
|Properties Repairs and Maintenaoce|20,234|20,2U||22,765|22,765|
|Propertylnsurance|5,335|5,335||995|99s|
|Prgperties Running Costs||-||720|'t20|
|Rent Collection|17,669|17,669||18,867|18,867|
||$,23A|43,238||13,U7|13,347|
|4.2 EXPENOITURE ONCHARITABLE ACTIVITIES||||||
|4.2.1DIRECTSPENDING||||||
|District Assetsmeot|27,924|21,924||22,084|22,084|
|Stlpends. Pension andNIC|110,455|110,465|138,550||138,660|
|SalariesaodNIC|14,O24|74,014||14,025|14,025|
|employersPensioncontributions|760|760|||731|
|Ministers' travellingexpenses|2.983|2.983||6,129|9J29|
||150.156|'150.156|181.629||181.629|
|4.2.2SUPPORTFOR CHARITABLE||||||
|ACTIVITIES||||||
|4.2.2.1PremisesErponses||||||
|RepairstoManses|82,837|82,831||72,140|12,140|
|Manse RunningCosts|13,857|13,867||14.034|74,034|
|Manse5lnsurance|6,92s|6,925||8,119|8,119|
|Ouinquennial inspectionscosts|1.200|1.200||1.620|1.620|
||104.823|104.823||35.913||
|4.2.22Govemancecosts||||||
|AuditFees|2,400|2,400||2,400|2400|
|AccounlancyFees|1,200|7,200||1,200|1,200|
|TMCP Charges|208|208||209|209|
|Legal Fees|1,-!!!!|2.100||1.271|1,271|
|||5,908||5.080|5.080|
||CHE]SCA,IIAMMERSMITH|rnd|FUIHAMMEIHODIST|ORCtII||||||
|---|---|---|---|---|---|---|---|---|---|
||STATEMEiaTOFF|NAI{OALACTI,mESFORTHEYEAREDED|||31,AUGUST2021||||||
|||||(continued)|||202|0||
|||Unrestricted||TotdlUnreslricted||||Total||
||||Funds|Funds|Funds|||Funds||
||||f|ee||||e||
|4.2.2.3|Others|||||||||
||DAFContribution||834|834|849|||849||
||ApprenticeshipLevy
OfflceRunningCosts||442
0|442
0|481
1,037|||rl81
1,037||
||Depreciation Provision no longerrequired.||-36,795
-35.519|-36.795
g
-35_5192.fi7||||:
2.367||
|4.2.3|SU['['ARYOF EXPENDITURE ONCHARITABLEACTIVITIES|||||||||
||Direct Spending|150,156||'150,156|181,629|||181,629||
||Supportfor charitble activites|||||||||
||Premlses Expenses|104,823||104,829|3s,913|||35,913||
||Governance||5,908|5,908|s,080|||s,080||
||Others||-35.519||2.367|||2.387||
|||225.368||225.368|224.989|||224.*9||
|/1.3 OTHER||||||||||
||Sundry Expenses|||275|r322||||1.322.|
|s REVAI.UAT|ONGA|N/(DEFTOT)ON INVEITMENTS||||||||||
||||2,O27||||2020|||
||1165Units@560.30pence{3UO8/2O2Ll||6s33|||||||
||1156 Unlts@473.40pence each(3U08/2020)||||||5,520|||
||1166Units@560.3pence(3V08l2020||-5.520|||||||
||1156 units@481.9perce(3Oel2O79')||||||-5.519|||
||Revaluatlon6ain/(Dellcit,||1.013||||g|||
|6.GAINS|ON REVATUATION OFFIXED ASSETS FORTHE|CIRCUIT'SOWNUSE||||||||
||||2027||||2020|||
||Revaluationgainsonproperties||L5,..49||||s|||
|7. GAINS|ONREVALUATION OFFIXED ASsETSINVESTMENTS|||||||||
||Revaluation gainson properties||154,591|||||||
|8.PRIOR.YEARADJUSTMENT||||||||||
||Revaluationga;nsonproperties|||||||||
||Tangible Fixed Assets||203,880||||0|||
||FixedAssetslnvestments||190.641||||s|||
||||394,521||||I|||
|Theprior|yearadjustment representspropenyrevaluatlongainspriorto1stSepte|||mber 2020.||||page|77|
##
##
##
|CHEISEA,HAMMERSMITH andFULHAM METH
NOTESTO THEFINANCIAI. STATEMENTSFORTHE YEAR
9.FIXEDASSETS|ODISTCIRCUIT
ENDED31, AUGUST2021
(continued)|
|---|---|
|9.1TANGIBTEFIXED ASSETS||
|COSTORVATUATION||
|FREEHOLDLAND ANDBUITDIN65||
||Manses|
|Balanceasal1September 2020|1,839,706|
|RevaluationSurplus|76t,449|
|Prior YearAdjustment|203.880|
|Balanceasat 31,August2021|2.205,435|
|DEPRECIATION||
|Asat1September2020|36,795|
|Depreciation No Longer Required||
|Balanceat 31,August2021|s|
|NET BOOK VALUE||
|Asat31August2021|2.205.035|
|Asal31August 2020|I.802.911|
|9.2FIXEDASSETS INVESTMENT||
|COSTORVALUATION||
|FREEHOLDLAND AND BUILDINGS||
|Balance asat1September2020|2,145,829|
|RevaluationSurplus|154,591|
|Prior YearAdiustment|190,641|
|Balanceasat3'1,August2021|2.491,061|
|DEPRECIATION||
|Asat1September 2020|0|
|Balance at31,August2021|I|
|NET BOOK VALUE||
|Asat3'1,August2021|2,49t.061|
|Asat31,August2020|2.145,A29|
##
##
|10.1Thefollowing fundsareheld on behalfofthe|Circuitby TM|CP|||
|---|---|---|---|---|
|||2 02|0||
|Unrestricted|Total|Unrest.icted||Total|
|Ftust2L747-Model TrustCapital62,158|62,158|62,073||62,O73|
|Trust16544-SaleofHouse
2,317|2,317|2.317||2,311|
|Trust19598-CircuitAdvanceFunr32,546|32546|33,336||33,336|
|TrJsr566tganBequest
6,5JJ
Trust15780-B GAllenBequest Ul|6533
921|5,520
920||5,520
920|
|LO4475|t04479.|104,166||104.166|
##
|10.2INCOME FROM MATERIAL INVESTMENT H|OLDINGS||
|---|---|---|
||Market|lncomefor|
||valueat|the year.|
||3!/t2/2O21||
|lnvestmentProperty|2,497,061-|144,795|
|lnvestmentswithTMCP|LOA,47|432|
||'||
|TOTAL|2,595,536|!4s-u"|
|11.DEBTORS|2021,|2420|
|Rent Debtor|t32|r,532|
|FundsheldbytheEstateAgent|3,600|1,500|
|OtherDebtors|Jl21_Z||
||21.004|uf_g!|
|12.BANKANDCASH BALANCES|2,O21|2,020|
|---|---|---|
|CurrentAccount|52,591,|40,365|
|CentralFinanceBoardDeposit|1,9.281,|18,316|
||71.872|58,681|
|NOTESTOTHEFINANCIAT STATEMEITITSFORTHE Y|EARENDfD31,|AUGUST2021||
|---|---|---|---|
|||(continued)||
|13.CREDITORS:Amountsfallingduewithinoneyear|2021-||7020|
|Rent ReceivedinAdvance|6,266||6,266|
|OtherCreditors|2,962||423|
|Accruals|3,900||3.600|
||13r.28||10289|
|13A.CREDITORS:Amountsfallingdueafteroneyear|2020||2020|
|Rent Deposit|11,181||11,166|
##
|STRICTEDFUNDS|||
|---|---|---|
|||2020|
|BalanceBroughtForward|4,1.11,896|4,087,010|
|lncomingResources|308,549|300,643|
|ResourcesExpended|-258,881|-269,658|
|NetGain/(deficit)on lnvestments|1,013|-99|
|RevaluationGains|316,040|0|
|Prior year Ad.justment|394,521|I|
|BalanceCarriedForward|4,859,138|4L17896|
##
|15|purposes.
DETAILS OF CERTAIN ITEMS OF EXPENDITURE|||
|---|---|---|---|
|||2021|2020|
||AuditFees|2,400|2,400|
||Accountancy charges|1.240|1,200|
|||3600|3600|
|16|PAID EMPLOYEES|||
||Salaries andWages|14,024|14,025|
||Naiional lnsuranceandPensionContribuions|760|731|
|||14.784|14,756|
||Numbe!' ofemployees|1|1|
##
##
|Notrusteereceivedanyremunerationnor benefits|Notrusteereceivedanyremunerationnor benefits|Notrusteereceivedanyremunerationnor benefits||
|---|---|---|---|
|TRANSACTIONWITHRELATEDPARTIES||||
|NAME|REIATIONSHIPDESCRIPTIONBalanceatperiodend|||
||TOTHE|OF
AMOUNTS||
||CHARITY|TRANSACTION||
|MarkDavenport
AyodejiOkegbile
LeSingaVunipola
GuyAustin-Bride|Trustee
Trustee
Trustee
Trustee|Stipend f37,794
Stipend 34,890
Stipend 34,890
Stipend 2,892|Nil
Nil
Nil
Nil|
|MarkDavenport
AyodejiOkegbile
LesingaVunipola|Trustee
Trustee
Trustee|Expenses1,059
Expenses700
Expenses7,224|Nil
Nil
Nil|
|||2021|2020|
|Average NumberofMinisters receiving||||
|Stipends||34||
|Allowances||34||
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