## **Trustees’ Annual Report for the period**
**From 1[st] September 2021 Period start date To 31[st] August 2022 Period end date**
## **Charity name: LESNES ABBEY CIRCUIT**
## **Charity registration number: 1134664**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The governing document for the
circuit is the Deed of Union (1932)
and Methodist Church Act (1976).
The purposes of the methodist church are
and shall be deemed to have been since
the date of union the advancement of - (a)
the Christian faith in accordance with the
doctrinal standards and the discipline of
the methodist church; (b) any charitable
purpose for the time being of any
connexional, district, circuit, local or other
organisation of the methodist church; (c)
any charitable purpose for the time being
of any society or institution subsidiary or
ancillary to the methodist church; (d) any
purpose for the time being of any charity
being a charity subsidiary or ancillary to
the methodist church.
Detailed governance arrangements
are outlined within the Constitutional
Practice and Discipline of the
Methodist Church by order of the
annual conference (CPD). Day to day
management of the circuit is
undertaken by the Circuit Leadership
team along with the Local Preachers
meeting, the Circuit Finance
Committee and the Circuit Property
Committee,|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Our activities include the following:
1. Supporting local churches in the
provision of regular public acts of
worship open to members of the
church and non- members alike.
2. The teaching of Christianity
through sermons, courses and small
groups and the promotion of
Christianity through the staging of
events and services|
|||||3. Pastoral work including visiting the||
|---|---|---|---|---|---|
|||||sick and bereaved at home and in||
|||||hospital.||
|||||4. Promotion of Christianity through||
|||||the staging of in person events and||
|||||services via you tube, thus reaching||
|||||out to those who cannot attend||
|||||physically. Provision of chaplaincy||
|||||services to the local hospitals and||
|||||prison.||
|Statement confirming||Para 1.18||We confrm the trustees have had||
|whether the trustees have||||regard to the Charity Commission's||
|had regard to the guidance||||guidance on public beneft.||
|issued by the Charity||||When reviewing the aims and||
|Commission on public||||objectives of the circuit, the Trustees||
|benefit||||have referred to the Charity||
|||||Commission's general guidance on||
|||||public beneft. The guidance is||
|||||consulted in carrying out our||
|||||activities, for example those||
|||||pertaining to fund raising. This||
|||||ensures that our work is within the||
|||||confnes of the rules and||
|||||expectations of the commission. We||
|||||make sure that we work to the||
|||||charity’s aims and objectives, which||
|||||are centred around the beneft of the||
|||||public.||
|**Additional information (optional)**||||||
|You may choose to include further statements||||where relevant about:||
|||SORP reference||||
|||||We do not ofer grants to any||
|||Para 1.38||individual or institution. We also have||
|Policy on grant making||||not received any funding from the||
|||||Government or any agency. Grants||
|||||may be given to deserving churches.||
|||Para 1.38||||
|Policy on social investment||||||
|including program related||||||
|investment||||||
|||||Volunteers are the fabric of the circuit.||
|||Para 1.38||Without them, it would not function. They||
|Contribution made by||||make up the majority of the various||
|volunteers||||committees that exist. They collect visiting||
|||||ministers from home, station etc who have||
|||||not got cars. Hold coffee mornings and||
|||||luncheon clubs, act as administrators and||
|||||clerical staff. They maintain manses and||
|||||churches as much as possible.||
|Other||||||
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During the year, the Charity worked to:
(a) Provide the staf and facilities to
enable mission to reach the community
and grow the Church family which in
turn provided mutual support to those
within it.
(b) Provided support for organisations
working in society to help the
vulnerable where they need it e.g. less
able bodied youth attending a day
centre in conjunction with Charlton
Athletic football Club.
(c) Provide facilities for groups to
meet, run by the community, for
recovering alcoholics, weight loss
programs, the elderly, mothers with
young children, and youth groups e.g.
Boys Brigade and Girls Brigade and
playgroups.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|
Achievements against
objectives set|
Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|See separate sheet.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Reserves Policy for the Circuit is to
hold a minimum sum equivalent to fve
months’ average expenditure. This
should be sufcient to meet any
unforeseen item of major expenditure
on manses and / or to be able to
continue, in the short term, funding
planned activities in the event of any
inability to raise the full Circuit
Assessment fromchurches.|
|Amount of reserves held|Para 1.22|**31 707.00**|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A|
## **Additional information (optional)**
|**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**|
|---|---|---|
|You may choose to include further statements where relevant about:|||
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Weekly collection from the various churches,
allows them to pay assessments to the
circuit which in turn pays the district. Income
is also generated from fund raising and
donations.|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46|Diminished numbers in church attendance
have resulted in reduced finances. This is
happening at the time when prices in society
have escalated.
Deteriorating aged buildings that require
maintenance and repairs to be done, are not
done in a timely manner as funds are limited.|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Deed Of Union (1932) And Methodist
Church Act (1976)|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25||
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The trustees are made up by representatives
from the various churches. The individuals
get nominated, elected by the circuit
leadership team and are sanctioned at the
circuit meeting.|
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
|Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|Trustees are advised and encouraged
to read material such as the trustees
welcome pack provided by the
commission. They also keep updated
with changes and material sent via
email, from the commission to the
charity.|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Lesnes Abbey Methodist Circuit|
|---|---|
|Other name the charity uses||
|Registered charity number|1134664|
|Charity’s principal address|Trinity Methodist Church
265 Burrage Road
Plumstead
London SE18 7JW|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Rev Greg Obong-
Oshotse|Superintendent
Minister||Church Council|
||Revd Dr Chellaian
Lawrence|Minister|||
||Revd Patrick
Egglestone(AM)|Minister|||
||Marian Van Dyke|Senior Circuit
Steward|||
||Madonna Johnson|Circuit Steward|||
||Femi Lawson|Circuit Steward|||
||Prince Fifi Yawson|Circuit Secretary|||
||Steve Hienno|Circuit Treasurer|||
||Francis Johnson|Circuit Property
Steward|||
||Brentnol Roach|Local Preacher
coordinator|||
||Hudson Jackson|Circuit
Safeguarding|||
||Archibald Dadzie||||
||Kofi Narh-Saam||||
||Seun Adebanjo||||
||Robert Ndume||||
||Maggie Cooper||||
||RayCooper||||
||CathyTurner||||
||Marilyn Akuoko||||
||Ann Hartley||||
||Eugene Owusu||||
||Roger Forward||||
||Chris Howes||||
||Ben Godwyll||||
||Ebenezer Gyang-
Kodia||||
||Tolu Tikare||||
||Adebayo Jolaoso||||
||Kofo Famurewa||||
||TonyHayes||||
||Martha Etsibah||||
||SandyKennedy||||
||Karen Gilham||||
||Paul Nichols||||
||BarryMunden||||
– Corporate names of the directors at the date the report was approved **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
## **The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**----- Start of picture text -----**
Signature(s)
Full name(s) Madonna Audrey Omoniyi
Johnson
Position (eg Secretary, Trustee
Chair, etc)
Date
**----- End of picture text -----**
## **Lesnes Abbey STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUG**
|**INCOME**
**RESOURCES**
Notes
Voluntary income
1
Income From Investment
Others
**RESOURCES USED**
Cost of Activities in Furtherance of Objectives
2
TOTAL RESOURCES USED
Net (outgoing) in the year
NET INCOME FOR THE YEAR
Transfer between Funds:
BALANCE BROUGHT FORWARD
**BALANCE CARRIED FORWARD**|Unrestricted
0
17,894
179,583|Unrestricted
0
17,894
179,583|Unrestricted
0
17,894
179,583|
|---|---|---|---|
||||197,476|
||||199,803|
||||199,803|
||||(2,327)|
|||**(2,327)**
1,234,432
**1,232,105**|**(2,327)**
1,234,432|
All activities are derived from continuing operations
The notes on pages 7 to 10 form an integral part of these financial statements.
## **Lesnes Abbey**
## **BALANCE SHEET AS AT 31 AUGUST 2022**
||**Note**||
|---|---|---|
|**TANGIBLE FIXED ASSETS**|||
|Circuit Manses & Equipment|||
|Investment Properties|||
|**CURRENT ASSETS**|||
|Debtors|3|50,303|
|HSBC Current Account|4|6,854|
|Central Finance Board||24,772|
|TMCP||32,508|
|||___________|
|||114,437|
|||___________|
|**CREDITORS: Amounts falling**|||
|Under 1 year|5|50,204|
|Loans to the Circuit Due||-|
|||___________|
|**NET ASSETS**|||
|**FUNDS**|||
|Unrestricted Funds|6||
|Restricted Funds|7||
The notes on pages 7 to 10 form an integral part of these financial statements.
Approved by the Trustees on ……………………………………………… 2023 and signed their behalf by :
……………………………………………………
STEPHEN HIENNO
## Treasurer
## **Lesnes Abbey NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST**
## BASIS OF ACCOUNTING
The financial statements have been prepared in accordance with the historic cost convention except where assets have been stated at valuation. The financial statements have been prepared in accordance with Statement of Recommended Practice, Accounting and Reporting by Charities Revised 2005 ( SORP 2005 )applicable Standards and the Companies Act 2011.
## 1. ACCOUNTING POLICIES.
## 1.1 FUNDS
General funds represent the funds of the circuit that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Circuit. The purpose of any restricted funds is noted in the financial statements.
The financial statements include transactions, assets, and liabilities for which the Circuit can be held responsible. They do not include the financial statements of Circuit groups that owe an affiliation to another body nor those that are informal gatherings of Circuit members.
## INCOMING RESOURCES.
## **1.2 Voluntary income and capital resources.**
Voluntary income and donations are recognised when received.
## **1.3 Other Ordinary Income.**
Rental income from letting of circuit premises is accounted for when due.
## **1.4 Income from investments.**
Dividends and interests are accounted for when received.
## **APPLICATION OF RESOURCES.**
## **1.5 Grants.**
Grants and donations are accounted for when paid.
## **THE METHODIST CHURCH**
## **Lesnes Abbey**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST**
## **1.8 Other fixtures , fittings and office equipments.**
All other fixtures, fittings and Equipments used by the circuit are written off as and when incurred.
## **Lesnes Abbey**
## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2022
Charity Registration number - 1134664
Principal address: 265, Burrage Road, Plumstead, London SE18 7JW (Circuit Office)
Bankers - HSBC Bank
Central Finance Board of the Methodist Church
Accountant and Independent Examiner.
## **Lesnes Abbey**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2022**
TABLE OF CONTE
Trustees Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
## **Lesnes Abbey**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2022**
The following pages are for the Truste
**INDEPENDENT EXAMINER’S REPORT TO**
## **THE Trustees of LESNES ABBEY CIRCUIT FOR THE YEAR ENDED 31, AUGUST 2022**
I report on the accounts of the LESNES ABBEY METHODIST CIRCUIT
for the year ended 31, August 2021 which are set out on pages 5 to 10.
## **RESPECTIVE RESPONSIBILITY OF THE TRUSTEES OF LESNES ABBEY AND THE EXAMINER**
The Trustees are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 ( the 2011 Act ) and that an Independent Examination is required. It is my responsibility to:
i) Examine the financial statements under section 145 of the 2011 Act
ii) To follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act, and iii) To state whether particular matters have come to my attention.
## **BASIS OF THE INDEPENDENT EXAMINER’S REPORT.**
My examination was carried out in accordance with the General Directions given by the Charity Commission. The examination includes a review of the financial records kept by the Circuit and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosure in the financial statements, and seeking explanations from you as the Managing trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a "true and fair" view, and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER’S STATEMENT.**
In connection with my examination of your financial statements for the year ended 31 August 2021, no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material respect the requirements
> To keep financial records in accordance with section 130 of the 2011 Act : and
> To prepare financial statements which accord with the financial records and comply with the Accounting requirements of the 2011 Act
have not been met ; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
## **Independent Examiner**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
YEAR ENDED 31, AUGUST 2022
|**1. Incoming Resources**
**Activities in Furtherance of the Charity's Objects**
Donations & Legacies
Income From Monetary Investment
Income from Investment Properties
Assessment of Churches
Other Income
**TOTAL INCOME**
**RESOURCES USED**
**2. Cost of Activities in Furtherance of Objectives**
Salaries & Associated Costs
Property Maintenance
District Assessment & Levy
Office Expenses
Other Outgoings
**TOTAL RESOURCES USED**
**Excess (Deficit) Over Income**
**Transfer Between Funds**
BALANCE BROUGHT FORWARD
**NET INCOME FOR THE YEAR**|Unrestricted
Funds
£
-
26
17,868
170,848
8,734
___________
197,476
___________
Unrestricted
Funds
£
119,568
6,098
45,724
160
28,254
-|Restricted
Funds
£
-
___________
-
___________
Restricted
Funds
£
-
801
__________
801
__________
801|
|---|---|---|
||199,803
__________
199,803||
||
(2,327)
1,234,432
**1,232,105**|(801)
32,508
**31,707**|
**LESNES ABBEY CIRCUIT TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31, AUGUST 2022**
The Lesnes Abbey present their report together with the independently examined accounts for the year ended 31 August 2022
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIRCUIT.**
The Circuit is managed by the Superintendent, Ministers and elected Stewards from the variou
## **Superintendent**
Rev Greg Obong-Oshotse
## **Treasurer**
Mr Stephen Hienno
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Circuit is managed by the trustees and is made up of the ministers and elected stewards. The Circuit ensures that incoming steward are well equipped by arranging for them to attend training and seminars organised by the circuits.
The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act Detailed governance arrangements are outlined within the Constitutional Practice and Disciplin order of the annual conference (CPD).
Day to day management of the circuit is undertaken by the Circuit Leadership team along with Circuit Finance and Property Committee and the Circuit Policy Committee.
## **OBJECTIVES AND ACTIVITIES**
Lesnes Abbey Circuit forms part of the London Methodist District and is governed by the Constitutional Practice and Discipline of the Methodist Church. As a Circuit our primary aim is to fulfil the purposes of the Methodist Church which ‘are and shall be deemed to have been since the date of union the advancement of –
(a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church;
(b) any charitable purpose for the time being of any Connexional, district,
circuit, local or other organisation of the Methodist Church;
(c) any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church;
(d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.’
Our activities include the following:
1. Supporting local churches in the provision of regular public acts of worship open to members of the church and non- members alike.
2. The teaching of Christianity through sermons, courses and small groups.
3. Pastoral work including visiting the sick and bereaved.
4. Promotion of Christianity through the staging of events and services.
## **Members of Trustees of LESNES ABBEY**
Members who served during the year and at the date of this report are:
## Superinten **Revd Greg Obong-Oshotse**
Minister Revd Nana Banyin-Thomford. Deceased November 2021 Minister Revd Chellaian Lawrence Minister Revd Patrick Eggleston [AM] SupernumDeacon Patricia Soule Circuit TreMr Steve Hienno Circuit Stewards: Ms Marian VanDyck Mrs Madonna Johnson Mr Femi Lawson Local PreaMr Brentnol Roach Circuit SafMr Hudson Jackson
Circuit AdmMrs Vicky Forster
## **FINANCIAL REVIEW**
## **Income trends**
Circuit income is primarily drawn from the assessments paid by the circuit churches. The renta income relates to the rental of a manse at 27 Canberra Road, Charlton. Total income at £18k is same as the previous year.
## **Expenditure trends**
Total expenditure in the year was £201k as compared to £237k the previous year., this was ma due to the reduction in staff costs as a result of having one less minister for the year.
## **Fund balances**
As at 31 August 2022 the net current assets of the Circuit were £64k, giving approximately 10 months cover for expenditure based on the 2021-22 expenses. We also have to repay £20k tow the loan in the three years between 2019-20 and 2022-23 to fully repay this loan. To date, £10 is outstanding.
## **APPROVAL**
This report was approved by the Trustees on …………………………………….... 2023 and signed on their behalf by :
## **GUST 2022**
|Restricted
Endowment
-
-
0
-
-|Restricted
Endowment
-
-
0
-
-|**2022**
0
17,894
179,583||**2021**
1,000
18,319
208,500
227,819|**2021**
1,000
18,319
208,500|
|---|---|---|---|---|---|
||-
0|197,476||||
||801
-|200,604|||236,873|
||800.94
0|200,604|||236,873|
||(801)
0|(3,128)|||(9,054)|
|**(801)**
**0**
**(3,128)**
32,508
0
1,266,940
**31,707**
**0**
**1,263,812**||**(3,128)**
1,266,940|**(9,054)**
1,270,418
**1,261,364**|**(9,054)**
1,270,418||
|**2022**||**2021**|
|---|---|---|
|**£**||**£**|
|877,473||877,473|
|326,845||326,845|
||8,966||
||31,813||
||32,619||
||33,297||
||___________||
||106,695||
||___________||
||23,285||
||10,000||
||___________||
|64,233||73,410|
|___________||___________|
|1,268,551||1,277,728|
|___________||___________|
|1,252,240||1,245,220|
|31,707||32,508|
|___________||___________|
|1,268,551||1,277,728|
|___________||___________|
|0|||
on
……………. ……………………………………….
Rev Greg Obong-Oshotse
Superintendent
r 2022
r 2022
ENTS
PAGE 1 to 3
4 5 6 7 to 10 12 and 13
ees of the LESNES ABBEY CIRCUIT only
|Endowment
Funds
£
-
___________
-
___________
Endowment
Funds
£
-
-
-
__________
-
__________
-|**TOTAL FUNDS**
**2022**
**2021**
£
£
- 1,000
26 137
17,868 18,182
170,848 185,594
8,734 22,906
___________
___________
197,476 227,819
___________
___________
**2022**
**2021**
Total
Total
£
£
119,568 142,111
6,098 15,152
46,525 47,984
160 643
28,254 30,983
-
-
200,604 236,873
__________
__________
200,604
236,873
(3,128) (9,054)
1,266,940 1,270,418
**1,263,812**
**1,261,364**|**TOTAL FUNDS**
**2022**
**2021**
£
£
- 1,000
26 137
17,868 18,182
170,848 185,594
8,734 22,906
___________
___________
197,476 227,819
___________
___________
**2022**
**2021**
Total
Total
£
£
119,568 142,111
6,098 15,152
46,525 47,984
160 643
28,254 30,983
-
-
200,604 236,873
__________
__________
200,604
236,873
(3,128) (9,054)
1,266,940 1,270,418
**1,263,812**
**1,261,364**|
|---|---|---|
||200,604
__________
200,604|236,873
__________
236,873|
|-
-
**-**|
(3,128)
1,266,940
**1,263,812**|
(9,054)
1,270,418
**1,261,364**|
us churches.
(1976)
ne of the Methodist Church by
the Local Preachers meeting, the
ainly
wards
## **Lesnes Abbey STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUG**
|**INCOME**
**RESOURCES**
Notes
Voluntary income
1
Income From Investment
Others
**RESOURCES USED**
Cost of Activities in Furtherance of Objectives
2
TOTAL RESOURCES USED
Net (outgoing) in the year
NET INCOME FOR THE YEAR
Transfer between Funds:
BALANCE BROUGHT FORWARD
**BALANCE CARRIED FORWARD**|Unrestricted
0
17,894
179,583|Unrestricted
0
17,894
179,583|Unrestricted
0
17,894
179,583|
|---|---|---|---|
||||197,476|
||||199,803|
||||199,803|
||||(2,327)|
|||**(2,327)**
1,234,432
**1,232,105**|**(2,327)**
1,234,432|
All activities are derived from continuing operations
The notes on pages 7 to 10 form an integral part of these financial statements.
## **Lesnes Abbey**
## **BALANCE SHEET AS AT 31 AUGUST 2022**
||**Note**||
|---|---|---|
|**TANGIBLE FIXED ASSETS**|||
|Circuit Manses & Equipment|||
|Investment Properties|||
|**CURRENT ASSETS**|||
|Debtors|3|50,303|
|HSBC Current Account|4|6,854|
|Central Finance Board||24,772|
|TMCP||32,508|
|||___________|
|||114,437|
|||___________|
|**CREDITORS: Amounts falling**|||
|Under 1 year|5|50,204|
|Loans to the Circuit Due||-|
|||___________|
|**NET ASSETS**|||
|**FUNDS**|||
|Unrestricted Funds|6||
|Restricted Funds|7||
The notes on pages 7 to 10 form an integral part of these financial statements.
Approved by the Trustees on ……………………………………………… 2023 and signed their behalf by :
……………………………………………………
STEPHEN HIENNO
## Treasurer
## **Lesnes Abbey NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST**
## BASIS OF ACCOUNTING
The financial statements have been prepared in accordance with the historic cost convention except where assets have been stated at valuation. The financial statements have been prepared in accordance with Statement of Recommended Practice, Accounting and Reporting by Charities Revised 2005 ( SORP 2005 )applicable Standards and the Companies Act 2011.
## 1. ACCOUNTING POLICIES.
## 1.1 FUNDS
General funds represent the funds of the circuit that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Circuit. The purpose of any restricted funds is noted in the financial statements.
The financial statements include transactions, assets, and liabilities for which the Circuit can be held responsible. They do not include the financial statements of Circuit groups that owe an affiliation to another body nor those that are informal gatherings of Circuit members.
## INCOMING RESOURCES.
## **1.2 Voluntary income and capital resources.**
Voluntary income and donations are recognised when received.
## **1.3 Other Ordinary Income.**
Rental income from letting of circuit premises is accounted for when due.
## **1.4 Income from investments.**
Dividends and interests are accounted for when received.
## **APPLICATION OF RESOURCES.**
## **1.5 Grants.**
Grants and donations are accounted for when paid.
## **THE METHODIST CHURCH**
## **Lesnes Abbey**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST**
## **1.8 Other fixtures , fittings and office equipments.**
All other fixtures, fittings and Equipments used by the circuit are written off as and when incurred.
## **Lesnes Abbey**
## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2022
Charity Registration number - 1134664
Principal address: 265, Burrage Road, Plumstead, London SE18 7JW (Circuit Office)
Bankers - HSBC Bank
Central Finance Board of the Methodist Church
Accountant and Independent Examiner.
## **Lesnes Abbey**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2022**
TABLE OF CONTE
Trustees Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
## **Lesnes Abbey**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2022**
The following pages are for the Truste
**INDEPENDENT EXAMINER’S REPORT TO**
## **THE Trustees of LESNES ABBEY CIRCUIT FOR THE YEAR ENDED 31, AUGUST 2022**
I report on the accounts of the LESNES ABBEY METHODIST CIRCUIT
for the year ended 31, August 2021 which are set out on pages 5 to 10.
## **RESPECTIVE RESPONSIBILITY OF THE TRUSTEES OF LESNES ABBEY AND THE EXAMINER**
The Trustees are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 ( the 2011 Act ) and that an Independent Examination is required. It is my responsibility to:
i) Examine the financial statements under section 145 of the 2011 Act
ii) To follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act, and iii) To state whether particular matters have come to my attention.
## **BASIS OF THE INDEPENDENT EXAMINER’S REPORT.**
My examination was carried out in accordance with the General Directions given by the Charity Commission. The examination includes a review of the financial records kept by the Circuit and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosure in the financial statements, and seeking explanations from you as the Managing trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a "true and fair" view, and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER’S STATEMENT.**
In connection with my examination of your financial statements for the year ended 31 August 2021, no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material respect the requirements
> To keep financial records in accordance with section 130 of the 2011 Act : and
> To prepare financial statements which accord with the financial records and comply with the Accounting requirements of the 2011 Act
have not been met ; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
## **Independent Examiner**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
YEAR ENDED 31, AUGUST 2022
|**1. Incoming Resources**
**Activities in Furtherance of the Charity's Objects**
Donations & Legacies
Income From Monetary Investment
Income from Investment Properties
Assessment of Churches
Other Income
**TOTAL INCOME**
**RESOURCES USED**
**2. Cost of Activities in Furtherance of Objectives**
Salaries & Associated Costs
Property Maintenance
District Assessment & Levy
Office Expenses
Other Outgoings
**TOTAL RESOURCES USED**
**Excess (Deficit) Over Income**
**Transfer Between Funds**
BALANCE BROUGHT FORWARD
**NET INCOME FOR THE YEAR**|Unrestricted
Funds
£
-
26
17,868
170,848
8,734
___________
197,476
___________
Unrestricted
Funds
£
119,568
6,098
45,724
160
28,254
-|Restricted
Funds
£
-
___________
-
___________
Restricted
Funds
£
-
801
__________
801
__________
801|
|---|---|---|
||199,803
__________
199,803||
||
(2,327)
1,234,432
**1,232,105**|(801)
32,508
**31,707**|
**LESNES ABBEY CIRCUIT TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31, AUGUST 2022**
The Lesnes Abbey present their report together with the independently examined accounts for the year ended 31 August 2022
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIRCUIT.**
The Circuit is managed by the Superintendent, Ministers and elected Stewards from the variou
## **Superintendent**
Rev Greg Obong-Oshotse
## **Treasurer**
Mr Stephen Hienno
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Circuit is managed by the trustees and is made up of the ministers and elected stewards. The Circuit ensures that incoming steward are well equipped by arranging for them to attend training and seminars organised by the circuits.
The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act Detailed governance arrangements are outlined within the Constitutional Practice and Disciplin order of the annual conference (CPD).
Day to day management of the circuit is undertaken by the Circuit Leadership team along with Circuit Finance and Property Committee and the Circuit Policy Committee.
## **OBJECTIVES AND ACTIVITIES**
Lesnes Abbey Circuit forms part of the London Methodist District and is governed by the Constitutional Practice and Discipline of the Methodist Church. As a Circuit our primary aim is to fulfil the purposes of the Methodist Church which ‘are and shall be deemed to have been since the date of union the advancement of –
(a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church;
(b) any charitable purpose for the time being of any Connexional, district,
circuit, local or other organisation of the Methodist Church;
(c) any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church;
(d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.’
Our activities include the following:
1. Supporting local churches in the provision of regular public acts of worship open to members of the church and non- members alike.
2. The teaching of Christianity through sermons, courses and small groups.
3. Pastoral work including visiting the sick and bereaved.
4. Promotion of Christianity through the staging of events and services.
## **Members of Trustees of LESNES ABBEY**
Members who served during the year and at the date of this report are:
## Superinten **Revd Greg Obong-Oshotse**
Minister Revd Nana Banyin-Thomford. Deceased November 2021 Minister Revd Chellaian Lawrence Minister Revd Patrick Eggleston [AM] SupernumDeacon Patricia Soule Circuit TreMr Steve Hienno Circuit Stewards: Ms Marian VanDyck Mrs Madonna Johnson Mr Femi Lawson Local PreaMr Brentnol Roach Circuit SafMr Hudson Jackson
Circuit AdmMrs Vicky Forster
## **FINANCIAL REVIEW**
## **Income trends**
Circuit income is primarily drawn from the assessments paid by the circuit churches. The renta income relates to the rental of a manse at 27 Canberra Road, Charlton. Total income at £18k is same as the previous year.
## **Expenditure trends**
Total expenditure in the year was £201k as compared to £237k the previous year., this was ma due to the reduction in staff costs as a result of having one less minister for the year.
## **Fund balances**
As at 31 August 2022 the net current assets of the Circuit were £64k, giving approximately 10 months cover for expenditure based on the 2021-22 expenses. We also have to repay £20k tow the loan in the three years between 2019-20 and 2022-23 to fully repay this loan. To date, £10 is outstanding.
## **APPROVAL**
This report was approved by the Trustees on …………………………………….... 2023 and signed on their behalf by :
## **GUST 2022**
|Restricted
Endowment
-
-
0
-
-|Restricted
Endowment
-
-
0
-
-|**2022**
0
17,894
179,583||**2021**
1,000
18,319
208,500
227,819|**2021**
1,000
18,319
208,500|
|---|---|---|---|---|---|
||-
0|197,476||||
||801
-|200,604|||236,873|
||800.94
0|200,604|||236,873|
||(801)
0|(3,128)|||(9,054)|
|**(801)**
**0**
**(3,128)**
32,508
0
1,266,940
**31,707**
**0**
**1,263,812**||**(3,128)**
1,266,940|**(9,054)**
1,270,418
**1,261,364**|**(9,054)**
1,270,418||
|**2022**||**2021**|
|---|---|---|
|**£**||**£**|
|877,473||877,473|
|326,845||326,845|
||8,966||
||31,813||
||32,619||
||33,297||
||___________||
||106,695||
||___________||
||23,285||
||10,000||
||___________||
|64,233||73,410|
|___________||___________|
|1,268,551||1,277,728|
|___________||___________|
|1,252,240||1,245,220|
|31,707||32,508|
|___________||___________|
|1,268,551||1,277,728|
|___________||___________|
|0|||
on
……………. ……………………………………….
Rev Greg Obong-Oshotse
Superintendent
r 2022
r 2022
ENTS
PAGE 1 to 3
4 5 6 7 to 10 12 and 13
ees of the LESNES ABBEY CIRCUIT only
|Endowment
Funds
£
-
___________
-
___________
Endowment
Funds
£
-
-
-
__________
-
__________
-|**TOTAL FUNDS**
**2022**
**2021**
£
£
- 1,000
26 137
17,868 18,182
170,848 185,594
8,734 22,906
___________
___________
197,476 227,819
___________
___________
**2022**
**2021**
Total
Total
£
£
119,568 142,111
6,098 15,152
46,525 47,984
160 643
28,254 30,983
-
-
200,604 236,873
__________
__________
200,604
236,873
(3,128) (9,054)
1,266,940 1,270,418
**1,263,812**
**1,261,364**|**TOTAL FUNDS**
**2022**
**2021**
£
£
- 1,000
26 137
17,868 18,182
170,848 185,594
8,734 22,906
___________
___________
197,476 227,819
___________
___________
**2022**
**2021**
Total
Total
£
£
119,568 142,111
6,098 15,152
46,525 47,984
160 643
28,254 30,983
-
-
200,604 236,873
__________
__________
200,604
236,873
(3,128) (9,054)
1,266,940 1,270,418
**1,263,812**
**1,261,364**|
|---|---|---|
||200,604
__________
200,604|236,873
__________
236,873|
|-
-
**-**|
(3,128)
1,266,940
**1,263,812**|
(9,054)
1,270,418
**1,261,364**|
us churches.
(1976)
ne of the Methodist Church by
the Local Preachers meeting, the
ainly
wards