TRUSTEES REPORT & ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 CONTENTS Charity RegisNion No: 1134517
CONTENTS Superintendent Minister.......................................................................................... Bankets:................................................................................................................... Advisors.. Independent examiners:........................................................................................... Mission Statement of Harlesden Methodist Church................................................ Financial Review..................................................................................................... Risk Assessment...................................................................................................... Trustees, Responsibilities........................................................................................ Reserve Policy......... ...............................................................................................
Name of District . .Harlesden..... No 35113......... Declarations and Scrutiny I confirm that these accruals-based accounts for the year to 31 August 2023 have been prepared from the records of the Church and that they include all funds under the control of the Church Council. Signature of treasurer . Date.. Name and address of treasurer,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.. . ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,.,, Post Code... Prasentatlon to the Church Councll I confim that the annual report and accounts for the year ended 31 August 2023 were. or will be,. presented to the Church Council at its meeting on Signature of the Chair of the meeting Name of the Chair of the meeting TrthL LJooJ Independent Examiner's Report to the Trustees of the Harlasden Mathodist Church The Church's trustees are responsible for ensuring that the annual report and accounts for the year to 31 August 2023 present a true and fair view of the Church's income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider that an audit is not necessary for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibilty to: examine the accounts under section 145 of the Charities Act 2011 follow the procedures laid down in the general directions gNen by the Charity Commission under section 145{5)(b) of the Charities Act 2011 state whether particular matters have come to my attention. delete or circle as aDDfoDriate
Name of District . No............. Basis of Independent Examiner's Report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items, in nature or scale, or disclosures in the accounts. seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that woutd be required in an audit and, consequently, no opinion is given as to whether the accounts present a true and fair view. My report is limited to those matters set out in the statement below. Independent Examlner's Statement In connection with my examination, no matter has come to my attention (other than as disclosed below.) (1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Charities Act 2011 to prepare accounts which accord wrth the accounting records and comply with the accounting requirements of the Charities Act 2011 have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. (3) I have not obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in eXsS of £10,000 (ten thousand pounds) at the balan sheet date. Signature of independent examiner................................................................................ Name of independent examiner .q.ELPI... j<<!s i Al<lS.............................. Relevant professional qualification of independent examiner Name of firm (where appropriate) Address Post Code ,,foé,,t,e Date delete or circle as appropriate
Administration Charity Registration No: 1134517 Namu of TrllSte: Revd H. Elaine Joseph (Superintrndent) Easmon LavaIy (Secretary till March ?2) Josephine Nanor (Secretary from March 2?) Val Mccallum (Assistant Treasurer) Robin Sharp Kwasi Amoah Ingrid Yarde Veronica Boateng Rupert MÉkely David Boampong Bill Phillip Kofi Baah Florence Doherty Bevan Powell Eric Oduro Bevan Powell Stewards (ex-officio Trustees) David Boampong Florence Dohety Veronica Boateng James Howard Superintendent Minister Revd. H. Elaine Joseph Registered Address 25 Hi8h StreeL Harlesde London. NWI 0 4NE. Bankers: HSBC Bank PIC 22 Victoria Street. Westminster, Londo SWIH ONJ Central Finance Board of the Methodist Church (CFB) 9 Bonhill Street, LondotL EC2A 4PE Advisors: Trustees for MethodASt Church Purposes (TMCP) Central Buildings, Oldham StreeL Manchester, Ml IJQ Independent exAminer8: GMAK Services Limited Flat 1, 26 Lansdowne Roa( London Wl13LL i. l i?Ae17
Governance and Management The Managtng TnteeS (Church Council) have overall responsibility for enswing the proper administration of the charity. the safeguarding of the &ssets of the charity: the records of account and the compliance with all relevant laws and regulations. CommitteestMember5hip The main committees are Finance & Property, Pastoral and Church Council. These committee5 are accountable to the charity and are charged with examining the effectiveness of the system of governance and making recommendations to the managing trustees. The overriding strategy for the life and mission of the charity is the responsibility of the managing trustees. The church currently has metnbershlp of 204 adults and the total community roll is about 400, including childr¢n. CharitAble Objeetive5 and Mission Ststement The calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out its discipleship in worship and mission. It does this through: Worship. Service. Evangelism and Learning & Caring In partnership with others wherever possibl4 the Methodist Church WAII concentrate its prayers. resources. imagination and Commitments on this priority: To pn?claini and affirm ils Conviclion of G5 love in Chrlst. for us (mdfor all the world.. andrenew confidence in GLNI'spresence andaciion in (he worldand in the Church As ways towards realizing this priority, the Methodist Church will give particular attention to the following: Underpinning everything. we do with God-centred wot5hip and prayer: Supporting community developn]ent and action for justice, especially among the most deprived and poor- in Britain and worldwide. Devcloping confidence in evangelism and in the capacity to speak of God and faith in ways that make sense to all involved. Encouraging fresb ways of being Church. Nurturing a culture in the Church which is people-centred and flexible
Mission Statement of Harlesden Methodist Church Harlesden Methodist Church has developed a mission slatement setting out key policies. In summary it ststes the following objectives: Make disciples of Jesus Christ Encourage and support young people in the church and beyond Serve local community and wider world in both spiritual and practical ways Unite with fellow Christians locally and throughout the world Recognize and celebrate our unity and diversity and work to overcome division Revi¢iv of Activities The church is fully opened with most activities baek to pre-pandemic level. Governance meetings were conducted via Zoom for the church year, with occasional meeting after services. Worship services are conducted face to face with an option to joln via Zoom primarily for the housebound members. We have seen an increase in the average participation at Sunday worship from 50 to 60. AlthouglL not meeting in person, the various fellowship group leaders have continued to support their members through telephone and various social media and meeting online, when possible. In response to our mission to serve the local community, the Church continued to maintain strong links to the community and participate in various Brent Council forums to address challenges faced in the neighborhood especially on antisocial behaviours and how to help make the streets safer. The 2020 shutdown contributed to the exacerbated antisocial behavior on Harlesden High Street with the church premises and the Day Nursery being severely impacted by such behaviors. The Trustecs have raised their Concen and have been working with the Police and Brent council to find a solution. PLanning application is in progress to build rnilings to deter antisocial behaviour. but the church AS also rnIndfi in projecling an inclusive environtnent where all are welcomed to the place.
In partnership with other denominations the church continued to SUPPOrt Horizons Fresh Food Bank, to meet on our premises and distribute food provided through the Fclix Project and City Haryest. The Food Bank is run by local church and communtty volunteers, who continued to meet every Friday throughout the pandemic, with around 90 people per week being helped. We opened up on church premises space vacated by the Nursery, an Affordable Shop. receiving donations of secondhand household items, cloths, toys and other items for sale. Visitors to the space were able to pay what they could afford for the items they wished to purchase. This is additional ministry to support the community and raise funds for the churclL The Church continued to house a Syrian Refugee family in one of its flats. Financial Review Ineome: The church's sources of ineome are primarily through rent income from regular users of its premises, residential letting and voluntary donations from its generous members. Total income during the year was £l44.100 (2022: £130.349). an increase of £12,000 explained by increased in lettings and special donations to support new heaters, partially offset by loss of income from one of its rIdentIal flats which has been vacant since October 2022. AII funds of the church are unrestricted at the end of the reporting perio Total sources of income a primarily made up of the following." Offerings and Gift aid constituted 320/0 (2022.340/0) of its total fun(L reflecting retlll of members to the church and various fid raising events to support the nIntenanCe of the large premises. Most of the regular users of the church premises have returned resulting in an incr&qsed lettin8. The residential property at 4 Tavistock has been rellted out at a Tsonable rate to support Syrian refugee residents. The other flat remained vacant during the period and requires substantiaI renovation. The tot income
from both regular users and the residential l¢ttings were 650/0 (2?. 65D/o) of the totsl income of the church. Expenditure: Expenditure excluding revaluation and depreciation effect for the year totalled £135,900 (2022: £129.650). Below is a summary of the key expenditure during the period., Circuit contribution is made up of London District assessment of the Methodist church, maintsinance of the residential house of the minister and stipend. This fomied 51Y/o (2022:47Yo) of the total church expenditure during the year. Church nu]ning expenses which is primarily the wag¢s of staff and oifice supplies was 250/0 (20?2:28O/D) of the church's totsl expenditure. Repairs and maintenance were 15Yo (2022:16Yo) of its resources allocated. Utilities and Insurance makes up 9¥0 (2022,.9Yo) of the overall church expenses. Risk Assessment The charity depends on voluntary contributions from membern and a decline in voluntary contributions may afft the church's ability to meet its obligations. The charity also has rooms that it rents out for social gatherings and this fund 15 Utilized to meet the financial obligations of the charity. The Finance and the ProFety Committee take responsibility for risk assessment that involves a review of the charity's procedures on an ongoing basis. Trustees, Res onsibiliti The Trustees are Tesponsible for preparing the financial statements that give a true and fair view of the charity's financial activities in the course of the year and at the end of the year. In preparing the fiDancial statemenL the trustees should follow best practic¢ and; Select suitable accounting policies and then apply them consistently Make judgements and estimates that are reasonable and prudent
Stale whether applicable accounting standards and statenient of recommended practice have been followe(L subject to any departures disclosed and explained in the fllW]cial statement and Prepare the charity financial ststements on an ongoing concern basis unless it is inappropriate to presume that the charity will continue in operation. Reserve Poli The Trustees have agreed to maintain a level of 12 weeks operational costs as reserves in the ¢urrent year. But it has not been possible to maintain this level of reserves during the pandemic. Public benefit statement The Trustees confirni that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidanee on public benefit, "Charities and public benefit" These financial statetnents have been prepared in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities. Approved by the trustees and signed on their behalf by: Revd. H. Elaine Joseph Superintendent Minister Val Mccallum Asst Treasurer ?AuL LJOSD gw
Church Accruals Accounts 2022-2023 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS for the year end 31 August 2023 HARLESDEN METHODIST Church Reglstered Charl -Re Istratlon number 1134517 This will apply to all Charities in Scotland and to all Charilles In England and Wales which are Registered Charities. Clrcult no 35113 Mlnlst8r REV. H. ELAINE JOSEPH Church Stewards VERONICA BOATENG JAMES HOWARD DAVID BOAMPONG Treasurer VALARIE MCCULLUM
Name of Church Churth No Statement of Flnanclal Actlvltles (SOFA} for the year ended 31 August 2023 Oeslgna¢od Gpn2rn1 Fund Fund5 Re5ts1ctqd Endowm•nt accounts Iunrestrtctpdl lunres¢fvt•ffj Funrfs Funds Tetal 2022-2J Totsi 2tr2142 Incom8 1 Off8rfng9 2 DonalkJn8 3 G1ft81d 4 Interest and1ry4ethentlrt 5 Income Irom Inveskn•)t pffjwrb•• 8 liom L8Wr#Js 7 Othwcharltat4e Ine4mg a Intamal 0rgaTrsa¢n 9 0th8r Income Total Income ,193 11925 8.891 71 17.6eo rd,350 2.981 26,19J 12.925 8.891 71 17,880 73,350 2,981 27.325 5.140 11477 31.838 49,932 1,223 4034 178 2,032 44.101 144.101 13 Expgndlture 10 cl11 0SSOSSIMntorsfArn 11 •TrJ #5sod8tqd co 12 Property Mn1•nance 13 In8urance.uUllthii Otc 14 D8pr8claU 15 Offic8 expenses 16 Othei expendlturn 17 Charitable datty* ie Intemol ttrg•nlsabor Total chirltibl• •xppndltu 19 Gainloa•a) on monethry knvesknent• ZO GnslB•s) on kn¥eBlment k¥op•ths Nqt Incom•ll•xwndl¢ur•l 21 Tranthrs tlIn fun 22 Otheroain¥Jllosse81 Net movorn8nl In fuThls 23 Total funds brovght foard Tfj fund¥ rrted forynrd 68,08D 21,299 23,252 39.063 20.246 20.263 11.470 21.299 23,252 3.040 7.349 17.274 7.349 17.274 6.905 8.450 113 2BZ 15t.4r3 -7,372 4,208 -7.372 4,204 1596,932 2.Sg1727 289 561 2,598.932 2.ug
lllllll Iioiii 11 111111 1111 11 1111 1111 Nl IIHI
Church Accountlng Policies Basls These accounts have been prepared on the basis of historical cost. except that Investment properties are shown at their market value at the end of the year, and on the accruals basis to show a true and fair view of the Church'5 financial posltion and attlvities. Funds The funds held constitute: general funds held for any purpose of the Church which are unrestrlcted; restrlcted funds which are subjert to restrirtions Imposed by the donor and can only be used for specific purp05e5. Golng concem At the time of approvlngthe financial statement5, the commlttee has 3 reasonable expectatlon that the church has adequate resources to continue in operational exlstence for the foreseeable future. Thus the commlttee continue to adopt the going concern basis of accountlng In preparlng the financial statements. Incomlng resources IncomSnE resources are included In the Statement of Financlal Actlvitles {SOFAI when the Church becomes entitled to that income, and the trustees are reasonably certaln they wlll recelve the resource5, and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is recognised on an accruals basis when a liability is incurred or a constructive obllgatlon ar15es that results In the payment being unavoidable. LlabilltSes are recognlsed as soon as an outflow of economic benefit is considered more likely than not underthe legal or construttlve obllgatlon committln8 the Church to pay out resources. VAT Since the Church Ss not VAT registered, all input VAT borne is charged with the expenses to which it refers. Tanglble fixed assets It Is the Church's policy to t3palIse its non-building fixed assets, including vehlcles. furniture and equipment assets, with costs over £1,000 and to charge depreciation on these. All building fixed assets are capitalised with only the building element depreciated Resldentlal rental properties are also treated as investment propertles. Their valuations are based on vacant possession values reduced by one third to reflect thelr tenanted status. 12
Depreciation Depreciation Is charged as follows on building and non-building fixed assets . Buildings (other than investment properties) over 50 years Organ over 5 years Computers over 3 year5 Furnlture and equipment over 5 years Crltlcal accountlng estlmates and Judgments In the appllcation of the charivs accounting policies, the trustees are requlred to rnake Judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptlon5 are based on hlstorlcal Èxperience and other factors that are considered to be relevant. Actual results may differ from these e5timate5. The estlmates and underlySn8 assumptlons are revlewed on an ongolng basls. Revlslons to accounting estimates are recognised in the period in which the estimate is revised where the revlslon affects only that perlod, or In the perlod of the revlslon and future perlods where the revlslon affects current and future periods. Notes to the Accounts I Income from Investment Propertles The income from letting5 of £17,660 (2022- £31,856) comes from the lettin8 of two flats. l. Other Charitable Income Thls Income of £73,350 {2022 - £49,932) comes prlnclpally from the lettlng of space In the Church. 2. Clrcult assessment or share The charge of £68,080 12022- £59,663) Is borne bythe Church. 13
- Salarie5, NIC and Penslon costs Mlnistry expenses and Other expenditure include relevant staff employment costs. 2023 2022 18,781 682 823 Gross wages, salaries and benefrts In kind Employerfs National Insurance costs Employerfs pension costs 19,829 647 823 Total staff costs Average number of staff employed by the Church and Circuit during the year were 2 (full time equivalentsl {2022- 2) The Church provides a money purchase pension arrangement with Nest. There were no employees whose annual remuneration was £60,000 or more.
- Tanglble Fixed Assets (See Schedule at end of Note5 to the Accounts) Property flxed assets for the Church'5 own use Property flxed assets for Investment The Church acqulred the freehold and leasehold of 4 Tavistock Road through legacy. The flats are Insured for £349,544. Depreclatlon Depreclatlon Is shown In the Schedule at the end of Notes to the Accounts, charged on building and non-buildln8 fixed assets at the rates shown under Church A¢¢ounting Policies above. 2023 2022 Debtors Rent In arrears 2,933 6,503 Gift aid 8,891 7,114 Other debtor5 Creditors Other creditors and accruals 14
Fees for Independent exarnination of the accounts Independent examinerfs fee for reporting on the accounts 2,500 2,500 Related party transactions Remuneratlon of key management personnel The remuneration of key management personnel 15 as follows: 2023 2022 AEgre8ate compensation None of the trustees or anyone Connected with them received any payments durln8 the year. Capital commltments and Contlngent Ilabllltles The Church had no such commitments or liabilities at the year end. io. Tanglble Itxed assets Church Investment bulldlngs propertles and other property Flxtures fittlng$ & equlpment Total Cost at 1.9.22 2.%)0.0 400.000 45.319 2.645,319 Addltions Revaluatlon Cost at 31.8.2023 2,200,1]00 400.000 45,319 2.645,319 Depreclatton brO[t forward 41279 42,279 Chaige for theyear 3,040 3,040 Deprecladon carried forward 45,319 45.319 Net book value 31.8.2023 00.000 400.0 2,600,000 Net book value 31.8.2022 2.2.000 400.000 2,603.040 15