Charity registration number 113424S
RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
For full list of Trustees, see note 27
Clrcult Superlntendent
Reverend G Farrar
Charity number
1134245
Principal addresy
13 Enmore Road
London
Middlesex
United Kingdom
SW15 6LL
Audltor
Azels Audit Setvices
Trinity Court
34 West Street
Sutton
Surrey
United Kingdom
SM1 1SH
Bankers
HSBC Bank PLC
8 Victoria Street
London
United Kingdom
SW1H ONJ
Central Finance Board of the Methodist Church ICFBI
9 Bonhill Street
London
United Kingdom
EC2A4PE
CAF Bank Limited ICharitiesAid Foundation Bank)
25 Kings Hill Avenue
West Malling
Kent
United Kingdom
ME19 4JQ
Investment advlsors
The Trustees for Melhodisl Church Purposes
Central Buildings
Oldham Street
Manchester
M1 1JQ
United Kingdom

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
CONTENTS
Page
Trustees, report
Stslemenl of trustees. responsibilities
Independent auditorfs report
10-12
Statement of financial activities
13-14
Balance sheet
Stslemenl of cash flows
16
Notes lo the financial statements
17-32

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their annual report and financial statements for the year ended 31 August 2022.
The accounts have been prepared in accordan￿ with the accounting Policies sel out in note 1 to the accounts
and comply with the charity's governing document, the Charities Act 2011 and the Charities Slalement of
Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021, effective from l January 2019.
Objectives and activities
The Richmond and Hounslow Circuit operates as part of the Methodist Church of Great Britain, whose mission
Is '10 respond lo the gospel of God's love in Christ and to live out ils discipleship in worship and mission,. The
Circuit's specific calling is lo faeililale and support the seven10¢81 Methodist Churches in ils area as they
respond to that call, through rèsponsible stewardship and effectivè oversight of ils resources physical and
material. il seeks to enable those local congregations lo increase the awareness of God's presence and
celebrate God's love helping them lo grow and leam through mutual support and care, enabling them lo be a
good neighbour to people in need and lo Challenge injustice.
During this year the arcuit has made a new Circuit Mission Plan.
The circuit supports the provision of high-quality worship in all churches on Sundays antl al other limes
continuing lo support preachers in the circuit facililaling Continuing development opportunities and actively
encouraging all ¢hur¢h membèrs lo pursue their vocations. 11 has continued with a bi-monthly n￿$letter keeping
people throughout the circuit in touch.
The circuf( has ensured that the highest standards of Safeguarding for children and vulnerable adults have
been maintained across the circuit facililaling ￿ntinuIng development opportunities and actively encouraging all
church members to pursue their vocations.
The Reverend Claudia Lupi decided not to extend her term which is due to finish in July 2022. The Reverend
stephen Le￿ris from the URC has been appointed as minister at Raleigh Road United Church. A Lay Pastor has
been appointed at Chiswick. Deacon Kathy Johnson wll be extending her stay for another live years.
The objective of the circuit is to provide administration services, pastoral and spiritual leadership including
supporting outreach work within their local communities, and every attempt was made to help churches restart
this when the covid restrictions finished.
Outreach work is an important part of church life. Two churches were part of ecumenical projects working with
the homeless over the winter, but this unfortunately had to be pul on hold due lo Covid restrictions. However, a
new venture Café Together has been started providing a free hot meal and a safe place one evening a week. 11
was successfully trailed al Bell Road last summer and the modal is being rolled out lo other churches. One of our
churches was able lo continue providing practical and spiritual help to the homeless on the streets in Richmond.
Other community projects when allowed lo start included a Toddlers group offering support lo children and
families. an open coffee morning in 2 of our churches. and when the buildings were allowed lo re-open the
Meditation Group attracted new members. A mickweek fellowship group and a prayer group continues to meet
online, and most churches participate in Advent and Lent groups. There was an exciting commLJnity project
planned lo reach out to the elderly, and those with dementia which had to be pul on hold because of covid but
plans are now moving ahead to re-start these. The work wth vulnerable young people was able lo continue
either online or now fa￿ lo fa￿ or both.
Several of the churches, in addition lo face-to-face services have, since lockdown also continued lo provide
online services via zoom or YouTube for those who are unable lo allend church or who wish to review the
service. Bell Road Continues lo provide music in worship monthly. recording songs lo be used on-line.

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Two of our churches put on events to raise money for Ukraine Emergency Appeal. One church put on a concert
and the other h05ted a lunch. Both events were very successful and raised a considerable amount of money.
During the year a new Men's Breakfast group was stsrted at Bell Road and the￿ have been various mid-week
activities for children and young people,
The ryrcuil has monitored the provision of safeguarding across the circuit and members are regularly contacted
by their pastoral group.
The circuf( is also responsible with helping the wder community at home and abroad which il does through a
variety of donations to various charities and good causes.
During the year Pulney Melhodisl Church installed new exterior and interior lighting and sound system in order to
enhance ils impact in the local communty. Outside attractive land low energyl floodlights have made the building
an even more prominent local landmark, and drawn attention lo the colourful banners which publicise ¢hurch
activities. Inside the improved lighting and sound have la¢ilitsled a series of ¢oncerts. exhibitions and other
public events. which both educate and inform local people and raise money for charities such as Christian Aid. A
particular focus in the year was the celebration in October of the 150th anniversary of the opening of the first
building on the site (this opened in 1870, but the celebrations were delayed because of the pandemic) A historical
exhibition in the church generated major public interest and the exhibition has since been re-mounted several
times in the local library.
The deacon living and working on the Alton Estate. where there is considerable poverty and deprivation, has
continued lo foster relationships ￿rith the local community through face-Io-fa¢e inleraclion and via virtual means,
as working practices have adapted Sin￿ covid.
At Christmas this year covid restrictions relaxed enough to allow carol-singing, and the churches of Putney and
Roehamplon provided carols at the Christmas Fair cenlred on Roeharnplon church and the neighbouring shops,
accompanied by the MP on her flute.
The church is now used much more than il was before lock-down, as networking via the internet look off during
covid restrictions and our profile is now much more visible. The 60+ café operating weekly out of the church, is
very well attended. The deacon and the Anglican pioneer curate attend as often as possible lo offer support,
listen and encourage.
The deacon is still an on-going, active member of the goveming board of the local Church of England primary
school, providing faith support, and is governor for SEND and maths and spends one afternoon a week when
possible, listening lo the year 2 children read. Many of these children have been greatly affected by the isolation
of lock-down last year, both educationally and emotionally. The deacon also leads the school in collective
worship twice a temi.
The deacon is an active member on various community groups, being vice-chair of the Roehamplon Partnership,
which gives a Vol￿ for local people in the light of the poor transport provision in this area and the ever-presenl
threat of re-development. She is a minute taker and assistant chair of the Safer Neighbourhood meetings with
police and other council departments to highlight local fears on safety when the police staffing shortages on the
Estate have been an issue, whilst more violent crimes have risen since the ending of lock-down.

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
The deacon is also a member of the steering committee ofthe Roehampton Community Week which continues
to organise and fund a variety of projects throughout the year that enhance the environment in Roehamplon,
renovate public spatss, encourage the arts and work with people of a variety of ages and cultural backgrounds
to improve their physical and mental health. As part of this the deacon regulady attends a zoom Roehampton
ne￿Ork group and a women's network that brings people together lo share ideas. identify needs and campaigns
for the safely of women and girls in the area.
The deacon is co-lead of the Trussell Trust fc)odbank that operates out of the church every Friday afternoon, with
support from their warehouse, meaning that the church building itself is not required to store vast quantities of
provisions. The food bank offers not just food, bul signposting lo other help, and also prayer and a listening ear.
There has been an upturn in the number of guests since ils opening in September 2021.
The church Congregation now meets not on Sunday bul on a Tuesday morning each week. Our numbers have
gone up from 6 to 11 people who allend regularly. They a￿ from a variety of denominational backgrounds and at
least one has ￿me back lo ¢hurch after many years away. Our worship is alternative and informal, with
numerous different Christian speakers invited to lead our spiritual reflection and discussion on different topics.
In partnership with herAnglican colleague, the deacon Supports a monthly worship time in one of the local
nursing homes, bringing a time of song, reflection and prayer to those who are no longer able lo attend church.
All inilialives are joined from a Christian viewpoint that believes that all are made in God's image and God's will is
that all creation should flourish. The networking this year has now lead lo three new initiativès discussed later.
Cedars Youth and Children's projects continues lo thrive with the lead worker visiting a local primary school. and
Cedars now receives referrals from the s¢hool for children struggling socially and the school actively encourages
them to attend.
Plans are moving ahead for a monthly dementia café and a monthly stroke club with support from the
Alzheimer's Society and the Stroke Association and their local representatives.
Funding for the posts come from Circuit grants, the Dislri¢tAdvance Fund of the Methodist Church, plus a grant
from Miles Trust, we are very grateful lo these organisalions.
AII CEDARS groups are also supported by other volunteers for whom we are indebted.
Manses were continued lo be monitored throughout the year and all necessary repairs undertaken.
Circuit Property News
The circuit pioperty was maintained, and it was en$U￿d that the buildings were kept up lo dale with the most
recent guidelines from the Melhodisl Church and the Government. The completion and regular ￿VIeW of risk
assessments were carried out and individual churches appointed a representative to ensure this work was
carried out with the trustees in each church ultimately responsible.
Whitton
Vvhitton church and site was put up for sale following its dosure in July 2021. An offer has been accepted and
contracts of sale are being Iinalised.
Brentford
There has been no significant progress in negotiations with Centrepoint over the year and options for the sile are
still being considered.

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
A Lay Circuit Adminislralor continues to be ernployed to provide adminislralive services and support lo the
ministers and the Circuit, in the developmènt of planned projècts, to aid ministry within the churches of the
Circuit and to support the work of the Melhodisl Church as a whole, including keeping the Circuit informed of
Connexional matters.
She played a large role during lockdown and continues lo help provide online worship which since lockdown
ceased has continued to play an important role in recording church ServI￿S for those who are unable to attend
or for those who wsh to listen again, she also organises a circuit newsletter which keeps the thurches in touch
with each other.
We We￿ very fortunate that the circuit had two people who were expert in online technology, and we are very
grateful lo them for their expertise and the time they put in lo make online worship and communication so
successful. We are also grateful to the person al Raleigh Road who puts their services on YouTube.
The Circuit has a small, dedicated number of Local Preachers induding one in training. They meet regularfy for
fellowship, mutual support and study.
The Richmond and Hounslow Methodist Circuit relies on a large amount of time and effort frorn volunteers,
who offer a variety of services which are unpaid. The charity would like lo place on record ils thanks lo these
volunteers wthoul whose support It could not operate. 11 is impossible lo estimate the value of these donated
services.
The trustees have paid due regard lo guidan￿ issued by the Charity Commission in deciding what activities
the charity should undertake for public benefit.
Achlevements and perfom)ance
We have continued lo provide quality leadership in worship on Sundays, and online services have continued
since lock-down ended in several churches for those who were unable to attend in person or who wish to listen to
the service again. This has been very su¢¢essful and reached out lo many people in¢luding some who are
overseas.
The Deacon has maintained Su￿ssful relationships with many who had multiple problems on an individual
basis. 11 is difficult lo make any objective measurement of the impact she had here bul her input in this is very
valued. She has maintained the contact wlh the local Church of England primary school, community groups such
as the Safer Neighbourhood Meetings, the Roehampton Partnership, the police and local council among others
and continues the links with Holy Trinity. A new initiative has been the establishment of the Trussell Trust in the
church providing not just food bul support, Signposting and prayer.
Since lockdown she has continued the zoom Roehampton network group and a women's ne￿Ork identifying
needs and campaigns for the safety of women and girls. She maintains contact and support and involvement
with many local organisations which aim lo help the needs of people on this deprived estate.
The CEDARS Circuit Youth Projed based at Chiswick Methodist Church continues to provide activities and
support for vulnerable young people17-18 years old) in the provision of a junior Youth Club. The youth club here
has thrived both when they were able to meet in person and with on-line activities. Good links have continued
with Holy Trinity School and the Children & Youth Leader regularly attends school events
The Circuit Adminislralor has continued in her work including tsking on the eventual selling of W)itton Church.
She has continued lo be involved with the development of B￿ntfOrd Melhodisl Church with Centrepoinl.
The circuit Administrator has supported the Circuit leaders. ministers and the Treasurer, contributing lo online
worship. and setting up wmmunicalion with those who did not have Computer access.
We are very grateful for all the work she has done.
Overall, the circuit has achieved its objectives for this year and is satisfied with the performance within the
circuit.

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Financial review
Overall, the Balance Sheet of the Richmond and Hounslow Melhodisl Circuit is in a good position as a result of
the sale ofTwckenham Church and acquisition of the Brentford and Whitton Churches.
Current assets skn.ll exceed current liabilities of the Circuit. There is approximately £250,116 {2021". £286,480) in
liquid assets and this Consists of cash held in current and deposit accounts.
The assets of the Methodist Circuit are spread be￿een bank balances and investment funds held by the Central
Finance Board. The assets held by the Central Finance Board are invested in line with the general principles of
the Methodist Church of Great Britain.
Grants are made from lime to lime lo member churches in the Richmond and Hounslow Melhodisl Circuit for
essential and usually unexpected repairs or for special renovations.
A grant of £20,000 was made lo Raleigh Road United Church and four smaller grants of £1,000 each were made
to Churches to facilitate projects lo support the mission.
The decrease in the value of investments during the year of £170,344 12021 £316,327) is a combination of
grants paid transfers out for Urban Mission purposes, support of personnel serving the circuit and rnanse
refurbishment.
Risk Management
The Leadership Meeting regularly reviews the potential risks for the Richmond and Hounslow Methodist Circuit
and has identified the following key issues..
Dedining membership leaving some churches with only a small number of ageing members.
Dedining membership means declining Income.,
Dedining Interest of the CMTF due lo decreased funds and market conditions.,
The possibility of equalisalion of CMTF across Melhodisl congregations nationally.,
The possibility of a fall in the value of CMTF inveslmenls.,
Major damage lo a manse not fully covered by insurance. This is not considered likely,"
Legal action. This is not considered likely.

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Reserves policy
The policy covers all funds held by the Circuit Meeting as charity trustees. Our reserves policy relates lo our
general funds whid) are available to be used for any or all of the purposes of the Richmond and Hounslow
Methodist Circuit. The Circuit Model Trust Fund is also included for sake of Clarity and openness and lo show
that the Circuit has a policy for the management of all ils money and not just those which are defined as
reserves.
The reserves policy for this fund is to hold at least six months expenditure in reserves,. an amount of
approximately £211,463 Iwhich excludes the extensive refurbishment costs of the manses and churches). The
General Fund, Circuit Sutplus Fund and Dèsignated fund combined lolal £197,622 12021." £193,365). The
balance in the Circuit Model Trust Fund is £659,806 12021". £828,119). This fund is derived from the sales of
churches and manses Iless any levy on the pro￿edS) and used lo be reslrided by the Conferen￿. The
restriction is an internal regulation though the fund can be used for a variety of purposes.
11 is intended Iwth Conference approval) lo continue to use this fund to..
support missions within the Richmond and Hounslow Melhodisl Circuit Icurrenlly approximately
£26,700 per yearl. However, for the year £52,700 is being sel aside for the Urban Mission fund. £40,000
has also been sel aside for grants lo the churchès for mission projects. Support for Cedars and Children
and family worker approximately £48,250. A grant of £47,333 to the churches towards the assessments
for 2022123.
support significant manse refurbishment of aproximately £600.000 in 2022123.
support Church communities for significant expenditure which they are unable to fund from within their
own resources.
It is therefore important that the fund is retained at approximately ils current level to..
provide enough interest lo support mission projects, including lay workers.,
provide enough interest lo support major manse maintenance
provide capital lo enable non-recutring grants lo be made lo church communities
provide capital lo enable non-recurring grants lo be made lo relevant activities associated with mission",
provide a contribution to the District Advance Fund
Alm$
The aim is ￿0fOld..
1. To secure and sustain the Circuit's viability and future",
2. To give reassurance lo the general public that the Circuit Intends lo use all the money coming into ils care for
thè putposès of the charity.
Mission Policy
Essentially the Circuit mission is lo provide..
The ministerial oversight and pastoral care of the churches in the Circuit.
2. Support ecumenical initiatives where appropriate.
3. Support the minislerial team induding lay workers where appropriate.
4. Maintain the Circuit manses.
Deal with administrative matters covering the circuit.
6. Support community projects and outreach inilialives when appropriate.

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Financial Plans
A budget is prepared annually and draft assessments p￿pa￿d lo provide balanced income and expenditu￿ for
the year. This is discussed al a meeting of Church Treasurers and the final budget presented for approval lo the
Circuit Meeting.
A designated fund of £59,069 is held lo enable urgent and planned major repairs and refurbishment to be carried
out immediately by the Manses Committee, in agreement with the Leadership Team. To provide for costs relating
to the management of Brenfford and Whitton Church, training and related grants to churches. This is reviewed
annually. We hope lo maintain the manses in a suitsble condition as per Melhodi5t Church guidelines. Major
expenditure is covered from interest 01 capital from the Circuit Model Trust Fund if approval is received from the
Central Finance Board of the Melhodisl Church.
The Circuit musl ensure that il has sufficient resources to meet ils financial obligations lo support ministers,
administer the Circuit and maintain manses. The total expenses (restricted and unrestrictedl for 2021-22
amounted lo approximately £422,926 12021.. £538,835). Most of this is supported from the contributs'on of
churches within the Circuit, investment income including rental income, grants and donations. Wth the sale of
Whitton Church almost completed, the Circuit intends lo carry out major refurbishment for two of the manses.
The trustees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in
place to mitigate exposure lo the major risks.
structure. governance and management
The charity was estsblished by a charitable trust deed on 10th FebrLJary 2010. The charity's governing
documents are the Deed of Union119321 and the Methodist Church Act {19761.
The trust Is consliluled under the standing orders of the Methodist Church nos. 500-575. The standing orders sel
out the way in which Iruslee5 are appointed.
The trustees who served the charity during the year are listed in the notes lo these accounts.
The managing trustees al the date of this report are the members of the Circuit Meeting of the Richmond and
Hounslow Methodist Circuit. These comprise all Circuit Officers (stewards, treasurer, secretaries, superintendent
minister, minislersl and representatives from each of the churches. As such, the trustees receive no formal
training, bul decision making is not vested in a small number of people.
The Richmond and Hounslow Methodist Circuit is an association of churches grouped together in a geographical
area. Ordained Ministers and Presbyters are appointed lo serve the circuit. The Superintendent Minister is
responsible for the worf( of all the churches in the circuit.
Plans for the future
With the departure of the Reverend Claudia Lupi from Richmond and Barnes , Richmond according to the LEP
regulation has appointed the Reverend Steven Lewis as minister to Raleigh Road United Church .He will start his
ministry al Raleigh Road in September 2022. Deacon Kathy Johnson will be extending her stsy for another five
years.
11 has been proposed that the circuit enters the slalioning seeking an appointment of a full-lime deacon who wll
undertake a dual role of pastoral care at Barnes and Richmond churches and spend 500/0 of his time in a
pioneering capacity.
With the sale of Whitton, the circuit continues its plans in developing a vision whereby the financial gain when the
church is sold, can be pul to good use particularly in developing mission and outreach services.
The deacon al Roehampton has proposed a regular prayer walk in the community and start a weekly Mother and
Toddlei group. She plans the inslillalion of a labyrinth for the community to use.

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Stat8mont of Iw$tees' rosp)nsibilltles
Tho trustOPB reEponeib￿ for prcparing the Tw3teeg' Fleptyrt and Ihtr finartial •￿ten￿li(s iii witli
applicablÈ law United ￿ngdorn AccountirvJ Standards (Unrted Kingdom Generally knepted Ac￿Unt*ng
Practic81.
The law appiicabie io ehanlles In tngjand an¢ Wdles requires the trustÈ8s to prepa￿ finan¢Fal stslements for
each finanaal year which give a tnje and fair of the state of affairs o* the tharity and ol the incomi
resources and application ol resour￿ ofthe ehanty for Ihatyear.
In preparing these financaal statetn8nts. the trustees are rew.red to..
- select suitabk accounting pokues and thon apply them emsistently,"
- observe the tneth(Mls and principles in Ihe Charibes SORP,.
- make judgemenis and estimates that are re850naUe and prudert
state whelher 2ppls¢able accounting standards havè bpp.n tnIk)￿￿1 gubjoct to any material d•partur•g
disdose(l and exp12ined in tl* finarrial statements". and
p￿pare the financial statements on the 9¢￿n9 con￿rn basis unless it is irwpropriate to presunE that the
rity %MH wntinue in operabcm.
The ttustee5 are responsible for keepjng suffiaent accoun)ng reoyds that disejose with reasonai4e accuracy at
any ts.me the financial p0S￿On ofthe charity and enable them to ensure that the finan￿al statemerts ￿mpty with
the Charities A%X 2011, the Charty IAccounts and Resx)rtsl Regulation$ 2008 and the provisions of the tntst
deed. Thev a￿ a150 resDonsil)te for safeguarding the a￿t$ ofthè ehxrity antl fortsk*ng tès*0h•b￿ gt
for the prevention and detection of fraud and other trregula17t5es.
Auditor
In accA)rdance with the tharty's artide$, a ie501ubon propo&ng thatAzetsAudit Sèffvic8s be reapwnted as
8udtior ofthe tharity will bè put at8 General M&e*"ng.
Disclosure of Énfomiation to auditor
Ea¢h of the trustees has confimied that therè ¥s no information of whth they are aware whith is relevani to the
aL￿rt, but of which Ihe auditor is unaware. They have further confirmed that they have tsken &pprowiate stw to
hlertify suth Fe18vant informah.on and to estthish that Ihe auditor is awa￿ of suth mformation.
The trLEStees' reportW88 approved by the Board ofTrustee5.
Mrsm
Trustee
Oaiea".
an
G Fanar
Trustee
Dated.. ! 110612023

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2022
The Iruslees are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Pradicel.
The law applicable lo charities in England and Wales requires the Iruslees to prepare financial slalemenls 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 resoLJr¢es of the charity for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently",
observe the methods and principles in the Charities SORP",
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject lo any material departures disclosed
and explained in the financial statements,. and
prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping sufficient ac¢ounling records that disclose with reasonable accuracy at any
time the fi'nancial position of the ¢harity and enable them to ensure that the financial slalements comply Mrith the
Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hen￿ for tsking reasonable steps for the
prevention and detection of fraud and other irregularities.

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
Opinion
We have audited the financial statements of Richmond & Hounslow Methodist Church Circuit Ilhe 'charily'l for the
year ended 31 August 2022 which comprise the slalement of financial aclivilies, the balance sheet, the slalement of
cash flows and the notes to the financial statements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in
the UK and Republic of I￿land (United Kingdom GenerallyAccepted Accounting Practi￿1.
In our opinion, the financial slatemenls..
give a true and fair view of the stste of the charity's affairs as a131 August 2022 and of ils incoming resources
and application of ￿SourCes, for the year then ended",
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are ftjrther described in the Audilorts ￿SponsIbl1rfAes for the audit of
the finanoi81 statements sedion of our report. We are independent of the charity in accordance with the ethi¢al
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilities in accordance ¥Mth these requirements. We believe
that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stalemenls, we have concluded that the Iruslees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may casl significant doubt on Ihe charity's ability to continue as a going
concern for a period of at least Melve rnonlhs from ¥Nhen the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees wth respect lo going concern are described in the
relevant sections of this report.
other inforniation
The other information comprises the infomialion included in the annual report, other than the accounts and our
auditor's report Ihereon. The Iruslees are responsible for the other information. Our opinion on the accounts does
not cover the other information and we do not express any form of assuran￿ conclusion Ihereon.
In Connection with our audit of the accounts, our responsibility is to read the other information and, in doing so,
consider whether the other inforrnalion is materially inconsistent wth the accounts or our knO￿edge obtained in the
audit or otherwise appears to be materially misstsled. If we identify such material inconsistencies or apparent
material misst8lemenls, we are required lo determine whether there 15 a material mi5Stalemenl in the accounts or a
material misslatemenl of the other information. If, based on the work we have performed, we conclude that there is
material misslalemenl of this other infomiation, we are ￿qUired lo ￿port that fact.
We have nothing lo report in this regard.
Matters on whlch are requlred to report by exceptlon
We have nothing to report in respect of the follo¥Mng matters in relation to which the Charities Ad 2011 requires us
to report to you if, in our opinion..
the information given in the financial slalements is inconsislenl in any material respect with the Iruslees,
report., or
sufficient accounting records have not been kept., or
the financial slalements are not in agreement with the accounting records", or
we have not received all the information and explanations we require for our audit.
10-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
Re5ponsibilitie5 of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the
preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal ¢onlrol as
the directors determine is necessary lo enable the preparation of accounts that are free from material misslalement,
whether due to fraud or error.
In preparing the accounts, the trustees are responsible for assessing the charity's ability lo continue as a going
concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of
accounting unless the Iruslees either intend lo cease operations, or have no re81isli¢ allèrnalive but lo do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance ¥Mth the
Act and relevant regulations made or having effect Ihereunder.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https.'Il
www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design prO￿dureS in
line wth our responsibilities, outlined above and on the Financial Reporting Council's website, lo delect material
misslalements In respect of irregularities, including fraud.
We obtain and update our understsnding of the entity, ils activities, ils control environment, and likely future
developments, including in relation lo the legal and regulatory framework applicable and how the enlily is complying
with that framework. Based on this understanding. we identify and assess the risks of material misstatement of the
financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes
consideration of the risk of acts by the entity that were contrary lo applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed
procedures which induded".
Enquiry of management and those charged with govemance around actual and potential litigation and
claims as well as actual, suspected and alleged fraud.,
Reviewing minutes of meetings of those charged with governan￿..
Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financial statements or the operations of the entity through enquiry and inspection.,
Reviewng financial statement disdosures and testing lo supporting documentation lo assess compliance
with applicable laws and regulations",
Performing audit work over the risk of management bias and override of controls, including lesling of
journal entries and other adjustments for appropriateness, evaluating the business rationale of significant
Iransa¢tions outside the normal course of business and reviewing accounting eslimales for indicators of
potential bias.
Because of the inherent limitations of an audit, there is a risk that we wll not detect all irregularities, including those
leading to a material misstatement in the financial slalements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial slalements, as we will be less likely lo become awarè of instances of non-compliance. The risk of
not detecting a material misslalemenl resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery. intentional omissions, misrepresenlalions, or the override of internal control.

## **RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT** 

## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** 

## **TO THE TRUSTEES OF RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT** 

## **Other matters** 

This report is made solely to the charity’s trustees, as a body, in accordance with part section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body,  for our audit work, for this report, or for the opinions we have formed. 


**Sam Thomas (Senior Statutory Auditor) for and on behalf of Azets Audit Services** 

## 14/06/2023 

**Chartered Accountants Statutory Auditor** 

Trinity Court 34 West Street Sutton Surrey United Kingdom SM1 1SH 

Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 

- 12 - 



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75 ¢*4

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
BALANCE SHEET
ASAT31AUGUST2022
2021
2021
Fiyod ￿•*#
Tanyible assets
Invèsbnent PTLyert
Investments
14
16
IS
6.465.000
3.200,094
708.218
4,232,000
4,964.000
878,580
10.373,310
10,074,560
Curnent awts
Debtors
C¥£Ji at bank and in ￿nd
17
184,005
2aO,110
171,472
266,480
434.121
457,952
Credttors: xmniJ•ts fAlling due within
one yèar
18
184,8641
1114,2641
Net current assets
349.257
Total *EEete ksBS C¥￿ertt liabilld•o
10.722,507
19.418,248
Income funds
General restrided
Revaluation reser¥e
4,C63.487
8.465,000
5.996.418
4,232,1)00
10.528,487
59.069
135.011
70.228.478
44.251
144,fj79
Destgnated funds
Unrestricae(I funds
10.722.567
10.418,248
The)knancial statements approved by the Truste¢s on.IIIQfjJZQ23........
MrsML
everend G Farrar
Trus*e
15_

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2022
2022
2021
Notes
Cash flows from operatlng actlvltles
Cash absorbed by operalions
25
1232,4201
1320,127}
Invgstlng actlvltl&s
Investment income re￿iVed
196,056
384,721
Net cash generated from investing
activities
198,058
384,721
Net cash usod in financing activitlgs
Net Idecreasevlncrease In cash and cash
equivalonts
136,3641
64.594
Cash and cash equivalents at beginning of year
286,480
221.886
Cash and cash equivalents at end of year
250,116
286,480
16-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Accounting policies
Charity inforniation
Richmond & Hounslow Melhodisl Church Circuit is an association of Churches grouped together in a
geographical area. The charity provides administration services and support for each of the Churches within
the ¢ircuf(. In addition. the charity is also responsible for helping the wider Community, which il does through a
variety of donations to various charities and good causes. The governing documents are the Deed of Union
{19321 and the Methodist Church Act119761.
1.1 A¢¢ounllng ¢onvgntlon
The financial statements have been prepared in accordance with the charity's goveming document, the
Charities Act 2011 and 'Accounling and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance wth the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191 The charity Is 8 Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial stslemenls are rounded lo the nearest £.
The financial slalements have been prepared under the historical cost convention, Imodified to include the
revaluation of freehold properties and lo include investment properties and certain financial instruments al fair
valuel. The principal accounting policies adopted are sel out below.
1.2 Going concern
At the lime of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate reSoUr￿S to continue in operational existen￿ for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Reslricled funds are subject lo specrfic conditions by donors as lo how they may be used. The purposes and
uses of the restricted funds are sel out in the notes to the financial slatemenls.
Endowment ftjnds are subject lo speryfic conditions by donors that the capital musl be maintsined by the
charity.
1.4 Incoming resources
Income is recognised when the charity is legally entitled lo il after any performance conditions have been met,
the amounts can be measured reliably. and il is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performan￿ conditions require deferral of the amount. Income lax recoverable in
relation to donations received under GiftAid or deeds of covenant Is recognised at the lime of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
ntingent asset.
Incorne from member church assessments is deferred when paid in advance by the member churches, as
these assessments relate to specific ts.me periods of services provided.
17-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng pollcles
Icontlnuedl
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each aclivily. DI￿¢1 costs allributable lo a single
activity are allocated dire¢lly lo that activity. Shared costs which contribute lo more than one a¢livily and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Expenditure is recognised once there is a legal or constructive obligation lo make a payment to a third party, il
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under the following hèadings".
Costs of raising funds ¢omprise the wsts from investments.
Expenditure on charitable activities is all categorised within Circuit Support as this is deemed to be the only
activity of the charity. Support and governance costs have been split on the proportion of direct costs
incurred.
Other expenditure.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Al the present lime, three properties are used as Manses. All properties are owned by the Trustees for
Methodist Church Purposes as Custodian Trustees but since the Charity has control of them, they are
included in these financial statements.
The properties are slated al a valuation by the Managing Trustees, in accordan￿ with the Charities SORP
IFRS 1021. The valuation is reflected in the properties revaluation fund since none of the properties has a
known original cost. Revaluations occur al three year intervals, unless there is evidence of a material change
in the value of the item. A revaluation of the properties was carried out by Antony Roberts Estate Agents
Limited on 31 sl August 2019. However, these values have been adjusted to reflect their values al 31 August
2022.
The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds
and the Carrying value of the asset. and is recognised in the slalemenl of financial a¢tivib'es.
1.7 Investment properties
Investment property, which is property held lo earn rentsls andlor for capital appreciation, is initially
recognised al cost, which includes the purchase cost and any directly attributable expenditure. Subsequently
it is measured al fair value al the reporting end date.
Revaluations occur at three year intervals, unless there is evidence of a material change in the value of the
item. A revaluation of the properties was carried out by Antony Roberts Estate Agents Limited on 31 sl August
2019. However, these values have been adjusted to reflect their values at 31 August 2022.
The Church building acquired during the year is included in the Balance Sheet al ils insured value as
determined by Melhodisl Insurance PLC.
The surplus or deficit on revaluation is recognised in profil or loss.
18-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng pollcles
Icontlnuedl
1.8 Impalrment of flxed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemiine
whether there is any indication that those assets have suffered an impaimienl loss. If any such indication
exists, the recoverable amount of the asset is eslimaled in order lo detemiine the extent of the impaimienl
loss lif any).
Recoverable amount is the higher of fair value less costs lo sell and value in use. In assessing value in use,
the eslimaled future cash flows are diswunled lo their present value using a pre-tax dis¢ounl rale that reflects
current market assessments of the time value of money and the risks specific lo the asset for which the
eslimales of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than its carrying arnount, the carrying amount of
the asset Is reduced lo ils recoverable amount. An impaimenl loss is recognised immediately in incomel
lexpendilure for the year, unless the relevant asset is earned al 8 revalued amount, in which case the
impaimient loss is Irealed as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impaimient loss have ceased lo
apply. Where an impaimient loss subsequently reverses, the carrying amoLJnt of the asset is increased to the
revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the
carrying amount that would have been detemiined had no impairment loss been recognised for the asset in
prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in
al a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation incrèase.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call wth banks. other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
thin borrowings in current liabilities.
1.10 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of ils finanaal instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becornes party lo the
conlraclual provisions of the inslrumenl.
Financial assets and liabilities are offset. wf(h the net amounts presented in the financial slatemenls, when
there is a legally enfor￿able right to set off the recognised amounts and there is an intention to sellle on a nel
basis or to realise the asset and se￿e the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price Including transaction costs and are subsequently carried al amorb.sed cost using the effective
interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
19-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng pollcles
Icontlnuedl
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constilules a financing transaction, where the debt instrument is measured al the present
value of the future payments discounted at a market rate of Interest. Financial Iiabililies dassilied as payable
thin one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as CLJrrent liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequenuy measured al amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derècognised when the charity's eonlractual oblig8tions expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday enliuement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo lerminale the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are
held separately from those of the charity. The annual contributions payable are charged lo the Statement of
Financial Activities.
Critical accounting estimates and judgements
In the application of the charity's accounting ty)licies, the Iruslees are required to make iudgemenls. estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The eslimales and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from these eslimales. The key eslimales in the year
include the valuation of the investment properties at the year end and therefore the revaluation amount.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Critical judgements
In the directors, opinion there are no critical judgements, apart from those involving eslimales las detailed
below), that they have made in applying the accounting policies and that have had significant effect on the
amounts recognised in the financial statements.
-20-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
Crltlcal accountlng estlmates and Judgements
Icontlnuedl
Key sources of estlmatlon uncertalnty
Valuation of properties and inv&stmenl prOpert￿S
Properties are professionally valued every three years. In the years between. the Trustees use stab'stics
from the UK land registry office to identify how the value of similar properties in the local area have changed
over the past year. The brought forward values are then adjusted lo reflect the change as either a gain or an
impaimient. Uncertainties relate lo changes in the condition of the properties since the previous professional
valuation and that the average percentage change of property values In local boroughs is used.
Donations
Unrestricted Unrestricted
funds
funds
Restricted
funds
Total
2022
2021
2021
2021
Donations and gnls
898
25
2,133
2,158
Charltsble a￿1VItI￿S
2022
2021
Assessments
Performance related grants
136,452
20,000
195,890
37,600
156,452
233,490
Analysis by fund
Unrestricted funds
Restricted funds
136,452
20,000
195,890
37,600
156,452
233,490
21

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
Investments
Unrestricted Restricted
funds
funds
Total Unrestricted
funds
Restricted
funds
Total
2022
2022
2022
2021
2021
2021
Rentsl income
Income from unlisted
investments
Interest receivable
23,836
12,000
35,836
16,723
24,455
41,178
6,637
2,419
6,637
3,254
1,908
3,524
1,908
3,806
835
282
24,671
21,056
45,727
17,005
29,887
46,892
Other income
Unrestrieted Restricted
funds
funds
Total Unrestiicted
funds
Rèstricted
ftjnds
Total
2022
2022
2022
2021
2021
2021
Other income
Grants re￿iVed on
behaw of churches
Closed churches
46,299
46,299
17,061
1,000,203
1,017,264
18,800
18,800
9,990
9,990
3,405
3,405
56,289
18,800
75,089
20,466
1,000,203 1,020,669
Ralslng funds
Restrlcted Restricted
funds
funds
2022
2021
Investment mana
emenl
2,503
2,390
2,503
2,390
-22-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
Charitable activitie5
Circuit
Support
2022
Circuit
Support
2021
Stsff costs
Ministers- other costs
District and connexional
Cedars and Urban Mission
Manses
Circuit, preaching. training and mission
Lettings expenditure
Closed church expenses
Church grants
Sundry expenses
203,180
23,582
86,783
203,230
22,913
113,864
14,699
42,904
5,951
9,323
12,732
100,000
120
26,933
8,303
7,060
13,009
20,000
609
389,459
525,736
Share of support costs (see note 91
Share of governance costs (see note 91
1,852
10,512
3,009
7,700
401,623
536,445
Analysis by fund
Unrestricted funds
Restricted funds
271,529
130,094
256,787
279,658
401,623
536,445
Support costs
Support Governance
costs
costs
2022Support costs Govemance
costs
2021
Postage and ststionery
Sundry expenses
Bank charges
689
848
115
689
848
115
1,551
1,450
1,551
1,450
Audit fees
Legal and professional
7,492
3,020
7,492
3,020
7,700
7,700
1,652
10,512
12,164
3.009
7,700
10,709
Analysed between
Charitable activib'es
1,652
10,512
12,164
3,009
7,700
10,709
Governan￿ costs includes payments to the audf(ors of £8,01012021'. £6,700).
-23-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
10 Other
Restricted
funds
Total
2022
2021
Grants paid lo churches which were re￿iVed on their behalf
18,800
18,800
11 Tru$leg$
During the year, Adam Nyawo received stipends and allowances of £25,995 12021.. £26,093), Katherine
Johnson of £25,995 12021.. £25,693), Claudia Lupi of £26,395 12021.. £26,093), Geoffrey Farrar of £28,977
12021.. £28.4761.
Margaret Logan was paid £11,138 12021.. 11,0671 for services rendered as Circuit Adminislralor. Carol
Powers was paid £18,230 12021.. £6,350) as the Cedars Youth Leader and Cedars coordinator, and also
re￿1Ve￿ £nil12021.' £3,528) from Chiswick Melhodisl Church . Megan Thomas was paid £nil12021.' £20,911)
as a youth leader.
None of the other Trustees, or persons connected with them, received any remuneration or other benefits
from the Circuit or any wnnected organisalion as a result of their office during the year ended 31 st August
2022. The circuit minutes secretary and the Treasurer were paid expenses Ivalidaled against receiplsl for
amounts spent as a result of them fulfilling their duties. as well as ministers.
12 Employee$
The average monthly number of employees during the year was..
2022
Number
2021
Number
Employment costs
2022
2021
Vvages and salaries
Social security costs
Other pension costs
160.707
13,051
29,422
160.373
12,855
30,002
203,180
203,230
No employee received emoluments in excess of £60,000 p.a.
There were no employees whose annual rèmuneration was more than £60,000.
-24-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
13 Net gainslllossesl on investments
Restricted
funds
Restricted
funds
2022
2021
Revaluation of investments
Revaluation of investment properties
120,0151
136,094
21,503
229,000
116,079
250,503
14 Tangible fixed assets
Land and bulldlng8
Cost or valuation
Al 1 September 2021
Revaluation
Transfer from investment property
4,232,000
333,000
1,900,000
Al 31 August 2022
6,465,000
Carrying amount
Al 31 August 2022
6,465,000
At 31 August 2021
4,232,000
Land and buildings wth a carrying amount of £6,465,000 were revalued al 31 August 2019 by Antony Roberts
Eslale Agents Limited, independent valueis not connected with the charity on the basis of market value. The
valuation conforms lo International Valuation Standards and was based on recent market transactions on
arm's length terms for similar properties. The fair value has been updated as al 31 st August 2022 based on
property valuation trends in the local area.
The ￿Valuation this year has given a rise in value of £333,000 12021 £257,000) with a lotsl revaluation
reserve of £6,465,000 as the historical cost value has been unknown.
The value of £6,465,00012021.' £4,232,000) is split befvleen Land values of £4,654,800 and building values of
£1,810,200.
-25-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
15 Fixed asset investments
Unllsted
Investments
Cost or valuation
At 1 September 2021
Valuation changes
878,560
118,3361
At 31 August 2022
860,224
Carrylng amount
Al 31 August 2022
860,224
At 31 August 2021
878,560
16 Investment property
2022
Fair value
Al 1 September 2021
Transfers lo tangible fixed assets
Nel gains or losses through fair value adjuslmenls
4,964,000
{1,900,0001
136,094
Al 31 August 2022
3,200,094
Investment property has been valued at £3.200,094. being the circuit manses held al the year end which are
not being used for the purposes of the circuit, the Brentford Church and Whillon Church. The fair value of the
manses has been arrived at on the basis of a valuation carried out al 31 August 2019 by Antony Roberts
Eslale Agents Limited, who are not connected with the charity and then updated lo reflect property valuation
trends in the local area.
The carrying value of land included in investment properties comprises..
2022
2021
Freehold
2,304,068
3,574,080
17 Debtors
2022
2021
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
82.083
101,921
85.916
85,555
184,004
171,471
-26-

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
18 Creditors: amounts falling due within one year
2022
2021
Notes
Deferred income
Other creditors
Accruals and deferred income
19
75,220
105,252
1,000
8,012
9,644
84,864
114,264
19 Deferred Income
2022
2021
Arising from assessments and grants
75.220
105,252
Deferred income is included in the financial statements as follows..
Urban mission grant deferred
Church assessments paid by Circuit
Church assessments deferred
26,700
43,733
Total deferred income as at 31st August 2022
75,220
20 Retirement benefit schemes
Defined Contribution schemes
The charity contributions to superannuation pensions was £27.78612021'. £27,418). This is 26.90h of the basic
stipend, and is a per￿ntage which is agreed annually at the Methodist conferen￿. The pension is a
connexional scheme and these contributions are the only obligation of the Richmond and Hounslow Methodist
Church Circuit.
The Circuit provides a money purchase pension arrangement with The Peoples Pension for lay workers, the
Circuit contributes 60A of basic salary lo the scheme. This year £1,63612021.. £2,584) was conlribuled.
The charge lo the stslemenl of financial activities in respect of defined contribution schemes was £29,422
12021. £30,002).
21 Designated funds
The income funds of the charity indude the following designated funds which have been set aside out of
unrestricted funds by the Iruslees for specific purposes..
A Designated Manse Fund of £20,000 was created in 2013 to enable urgent major repairs and refurbishment
to be carried out immediately by the Manses Committee in agreement wth the Leadership Team. This figure
is reviewed annually and increased in the year by £14,818 12021
increased by £32,050) providing a total
designated fund as al 31st August 2022 of £59,069 12021 £44,251). A lolal of £18,210 was transferred lo
the fund for manse repairs and ￿ltton Church support costs in the year. £12,569 was transferred out for
repairs lo the Barnes manse and support costs for Brentford Church. £9,177 has been set aside for manse
reftjrbishment ¢osl$.
-27-

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RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
Related party transactions
There were no disclosable related paty transactions during the year12021 - none).
25 Cash gon8rat8d from operations
2022
2021
Surplus for the year
128,6811
1,014,877
Adjustments for..
Investment income recognised in statement of financial aclivf(ies
Acquisition of church from witihin the Circuit
Fair value gains and losses on investment properties
Fair value gains and losses on investments
145,7271
146,8921
{1,000.0001
1229,0001
121,5031
1136,0941
20,015
Movements in working capital".
(Increasel in debtors
Increaselldecreasel in creditors
IDecreasellincrease in deferred income
112,5331
632
130,0321
179,5911
12181
42,199
Cash absorbed by operations
1232,4201
1320,1281
26 Analysis of changes in net funds
The charity had no debt during the year.
31

RICHMOND & HOUNSLOW METHODIST CHURCH CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
27 List of Trustees
Mrs Jean Flann
Mrs Lyneth Friday
Mr lan Haddow
Mrs Jean Butcher
Miss Valerie Heam
Mrs Dinnie Heroe
MrAlan Housden
Mrs Vivien Isaac
MrAndrew Logan
Mr John Logan
Mrs Margaret Logan
Mr Stephen Ludlow
Rev Barbara Mclnlivey
Mrs Jane Mcmahon
Mrs Frances Moorhouse
Dr Margaret Moore
Rev Nicola Morrison
Mrs Rajini Mulhukumar
Dr Clive Norris
Rev Adam Nyawo
Mrs Mary Patterson
Miss Carol Powers
Mr Charles Rajkumar
Mrs Gill Sparkes
Miss Winifred Thompson
Mr Brendan Wasmuth
Mr Geoffrey Vvaterhouse
Mrs Janel Wlson
Rev Geoffrey Farrar
Rev Claudia Lupi
Mr Chartes Oppong-Akuoko
Mr Moses Tandayi
Deacon Kathy Johnson
Mr Bismarck Laryea
Mrs Sarah Weeks
Resigned 31 August 2022
Appointed 11 September 2022
32-