2024-08-31-accounts

Circuit Accruals Accounts 2023-2024 THE METHODIST CHURCH TRUSTEES REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2024 LONDON MISSION (NORTH WEST) Circuit Rogl8t•red Charlty . Ragl8tratlon numbgr 1134748 LONDON MISSION (NORTH WEST) Circuit No 36112 Mlnlstorn REVEREND Paul Hill-SUPERINTENDENT REVEREND Jonathan Mead REl￿REND Esther Akam Clrcuft Stewards Katherine Oduro Yaw Botchviay Margaret Johnson Adetokunbo Jolaoso C5rcult Treasurer WILL QUANSAH

LONDON MISSION (NORTH WEST) aRCUIT TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGusf 2024 Introductlon As a Methodist circult of four churches, we are an open fellowship of disciples who worship Christ and proclaim the 805pel. We are committed to outreach into the community and seek to improve people's quality of life. We are also committed to working and engaging with other churches and other faiths, whenever possible. Revlew of the year All churches in the London {North West) Methodist Circuit have provided regular acts of worship led by our Ministers {presbyter5), Local Preachers and Worship Leader. Our church buildings are primarily used for worship, but are also used by numerous church and community groups for other purposes, particularly social and educational. Income trends Circuit income 15 significantly drawn from the assessment paid by the circuit churches. The rental income relates to the rental of a manse and former church which is used by Westminster City Council. Expenditure trends Stipend expenditure has increased each financial year in line with conference approved increases. Just over 14% of expenditure is the Circuit contribution to the District and Connexion, of which a significant part Is used to fund the work of the wider Methodist Church. Fund balances As at 31 August 2024 the net current assets of the Circuit were £308,451 giving over 12 months cover for expenditure. Plans for 2024125 Circuit financial plans for the coming year have been prepared on the basis that there remain 2.5 full time ordained staff with anticipated cost of living stipend increases combined with an increase in the assessment paid to the district such that a 0% assessment increase has been requested from the circuit churche5. During 2024125, the circuit intends to make further improvements to the manses (ministers, church houses}. The circuit will continue to explore new ways to ensure that we are able to see growth and opportunities for mission in the'coming years.

LONDON MISSION (NORTH WEsf) Circuit Trustees Annual Report on Flnance and Governance Basls of preparation and legal framework The Charivs annual report and accounts for the year ended 31 August 2024 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRSSE) 2015 Full Name of Charity: London Mission {North West) Methodist Circuit Registration Charity Number: 1134748 Date of registration 9th March 2010 Main communication address: 32 Kingswood Avenue, London NW6 6LR The members of the London Mission North West Methodist Circuit meeting are the Charity Trustees, membershlp being made up of circuit office holders, ministers and representatives appointed by the local churches. Clrcult Mlnlsters and offlcers Active Circuit Ministers: Rev Dr Paul Hill (Superintendent Minister); Rev Jonathan Mead. Rev Esther Akam Circuit Stewards: Ms Katherine Oduro; Yaw Botchway. Adetokunbo Jolaoso; Margaret Johnson Treasurer: Mr Will Quansah acts as the principal officer o*erseeing the preparation of the Report and Accounts. Independent examiner: Mr Andrew Sobitan FCCA, Suite 112, AJP Centre, 152-154 Coles Green Road, London NW2 7HD Investment Bankers: Central Flnance Board of the Methodist Church Trustees for Methodist Church Purposes

LONDON MISSION {NORTH WEsn fjrcuit Alms and organisatlon Charity objective is to act as a Resource provider within the areas of North Paddington (around Fernhead Road), Kilburn (around Quex Road), Gospel Oak and Kensal Rise. The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church; bl Any charitable purpose for the time being of any Connexional, District, Circult. local or other organi5ation 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 The organisation and resourcing of regular public acts of worship open to members of the church and non-members alike. The teaching of Christianity through sem)ons, courses and small groups. The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in local schools. Promotion of Christianity through the staging of events and services. Provision of chaplaincy services to the local university and other institutions. Publlc Beneflt We confirm the trustees have had regard to the Charity Commission's guidance on public benefit. Structure, Governance and Management The governing document for the circuit is the Deed of Union11932) and Methodlst Church Act (1976) Detailed governance arrangements are outlined within the Constitutional practi￿ and Discipline of the Methodist Church by order of the annual conference (CPD). Day to day management of the circuit is undertaken by the officers of the Circuit Leadership Team and other committees convened for specific purposes, such as the Worship Leaders and Local Preachers, Meeting. Trustee Tralnlng A range of guidance produced by Methodist Church and Charity Commission for England and Wales to support the effective runnlng of the circuit is made available, as appropriate, to all trustees. the publication The essential trustee." whot you need to know, what you need to do is specifically made available to all new Circuit Meeting members as an induction to their role as trustees. Related Parties The Circuit is part of the London District of the Methodist Church and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit: Femhead Road; Kilburn; Kensal Rise and Gospel Oak

LONDON MISSION (NORTH WEST) Clrcult Risk Management The Circuit Leadership Team reviews the regulatory framework in which the Circuit operates- with professional advice sought, as required. Additionally, as part of risk management, income and expenditure is monitored monthlyto ensure that it is in line with expected forecasts, to prevent fraud, and to ensure any unforeseen calls on reserrfes. Safeguarding Every person has a value and dignity, which comes directly from the creation of humans in God's own image and likeness. Christians see this potential as fulfilled by God's re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. Principles: We are committed to". the care and nurture of, and respectful pastoral ministry with, all children, young people and adults safeguarding and protectlng all children, young people and adults when they are vulnerable establishing safe, caring communities, which provide a loving environment where there is informed vigilance as to the dangers of abuse. We will carefully select and train all those with any responsibility within the Church, in line with safer recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes. We will respond without delay to every safeguardin8 concern, which suggests that a child, young person or adult may have been harmed, working in partnershlp with the police and local authority in any investigation. We will seek to work with anyone who has suffered abuse, developin8 With them an appropriate ministry of informed pastoral care. We will seek to challenge any abuse of power, especially by anyone in a position of trust. Working with the Distritt Safeguarding Officer, we will support risk assessment of those who present a safeguarding rlsk within a church environment. We will ensure appropriate pastoral care is offered and measures are taken to address identified risks including referral to statutory agencies. suspension and the use of safeguarding contracts. We will recognise and apply the restrictions to appointment laid down in Standing Order 010 of the Constitutional Practice and Disclpllne of the Methodist Church. In all these principles, we will follow legislation, guidance and recognised good practice. The London (North Westl Mission Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy. 8overnment legislation, guidance and safe practice in the circuit and in the churches. Reserves Pollcy The Resenies Policy for the Circuit is to hold at least a minimum sum equivalent to 6 months, average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on the manses and/or to be able to continue, in the short term. to fund planned activities in the event of not being able to raise the full Circuit contribution (Assessment) from the churches.

Name of Circuit . London Mission North West CiThit No 35112 Statement of Flnanclal Actlvltles (SOFA) for the year ended 31 August 2024 Notes to Circult Model l)eslgn8ted G•ngr41 Fund Trust Funds Rostrlct•d Endowment Total accounts (Unrestr1￿} (Unrfjstri¢tedl (unrestric￿) Funds Funds 2023-24 Incomo 1 Donations and legades 2 Income Irom monetary inveslmer 3 In¢ome from investment proFerties 4 Assessrnents on Churches 5 Capital Receipts 6 Grants re￿iVed 7 Other charitable Incom8 8 Totsl Incom• 8.091 151.no S7,255 10.167 161.730 67,255 10.855 237.931 10.866 240,006 2.076 Expendlture 9 Grants donations 10 Salaries and a8S0C￿1ted c¥)st8 11 Property maintenan 12 Connexlonal a8$8ssment & model trust knvy 13 District Asse88rMnt & L•vy 14 Depreciatlon 15 Offle4 expenses 16 Other outgoing8 17 Total charftabl• •xpendltur• 18 Gainslllosse¥} on monetsry inbwlm•nts 19 Galnslllo8sa8} on Inv￿￿ent proportles 20 Net Incomell•xpendMurn) 21 Transfers bets￿en fur￿3 22 Other gainsl(l¢)sse8} 23 N•t mov•ment In fvnd• 24 Tptal funds brought forward 25 Totsl lunds c*rrled f¢)rw•rd 112,1e6 73,181 112.166 73,181 218 31,868 218 31.868 517 617 3,204 221,155 2,624 220,937 218 2,624 16.994 4.482 21,470 16.994 4882 21,478 16.994 4482 21,476

Name of Circuit . London Mission North West Circuit No 35112 Statement of Flnancial Activities (SOFA) for the year ended 31 August 2023 Notes to Clrcult Model Deslgnated Gonernl Fund Tntst Funds RoStriC￿ Endowment Total Fund8 2022-23 Incoma 1 Donations and leg8th5 2 Income from monetary invostments 3 Income from investment properts 4 Assessments on Churches 5 Capital Re￿Ipts 6 Grants received 7 Other charitabla income 8 Totsl Incom• 2.180 149.230 67.255 1270 149.230 67.256 218.665 1,270 219,935 Exp•ndlture 9 Grants and donations 10 Salaries and a$8o&aled ¢08ts 11 Prop8ty maintenance 12 Connexlonal A$sessmonl & mcJel Intst I 13 District As8088ment & Levy 14 Depreciation 15 Office expon8 16 Other outyoings 17 Total charltabl• expondltur• 18 G8insl{losse81 on monetary inve8tm8nlJ 19 Gainslllosse$l on inveslm¢nt proporti•s 20 Net In¢omthll•xp•ndltyr•) 21 Transfer8 befvfftn furvJ$ 22 Other gamslllossèsl 23 Not m0￿M•nt In fund• 24 Total funds brought forward 25 Totsl funds carrled I0￿•1d 102.919 32.515 102.919 32,515 222 30,936 30.936 475 476 2,484 169.550 92 169,329 49.337 1,140 50N76 -11.985 37,352 111,985) 38,491 1,140 37.362 1,140 38.491

Name of Circuit '. London Missm North West Circutt Plo 35112 Balance Sheet as at 31 August 2024 ¢lr¢ult Mod Totsts Tot&L 2022r23 ¢Unr4slrlct•dl M4P.5es & Equme 3.870.345 3,870,345 3,870.345 3.BYO.345 3A70.315 CLkTkYnt A￿•th 39.597 11,382 Loor4 ty the aroj 41272 1WI.802 42.8 287.325 Central Fln8nce Board De 30.731 1C,1 136.030 Cath al B￿k In hand 202.602 108.199 Cuwr•nt Il•bllld Credttors In 1 wr) Gr8nls 8b wllhln 202243 Totsl 350 350 106.19 30BM1 216.97S 4071597 106.1 4,178,796 4187,320 (onB tenn Ilabllkjes due after more th3n one Grants paYa￿e 8ft8r 20￿24 Lo•n$ ioth• Clr¢JJlt 19,1)Y) 19,OOD 19,QY) 4053,597 106.199 41159.796 4.138?20 FurKkn olth• Clrcu5t Genw Fund IVnr•strf¢i4> Clr¢ull Modol Tw•1 Fund Iunrewhaod) D8•lgn•￿￿ IUnro¥tr 4.(63.$97 4,053,597 3.990,032 42.080 lo53￿7 106.199 032.121 108.199 Ro8lrlcted Fund8 Fundu 106.199 4063.697 106.109 4.1fé, 4138,320 Signed Circuit Treasurer Will Quansah

Name of CirrJJit.' London MISS￿ North West Circuit No 35112 L A¢￿UndnE polldes The finandal ststements have been prepared under the 04riUes Act 2011 ar￿ in attordarte with the Charities state￿nt of Recommended Practice (Charities SORP IFRS 10211 and Financial Reporting Stsndard 102 IFRS 1021L The financlal ststements a￿ drawn up on the accountlng hlstorical cost basls of accounttn& The financial 5tstements include all transactEon% assets and Ilabilibesfor whlch the drcult Is WnsIb￿ in law. They do not include the accounts ofchurch groups that owe an affiliation to another W or those that a￿ Infomlal gatherings ofthurth members. The circuit Fneets the definition of a public benefft entity under FRS 102. Fund The fijnds held constitLrte'. Genernl Funds held for any purpose of the ￿rcUIt whlth are Unrestrlcted. The fjrcult Model Tnjst Fund has wlder purposes defined In Standlng Orders and Is cate80rf5ed as unrestricted. Restricted fijnds which are held for a narrower purpose. There are no Endowment fund. Incomlh8 Resources Income is included in the Statement of Flnantial Aciivltle5 ISOFAI when the C5rcuit becomes entided to the resources, and the trustees are reasonably certsln they wlll ￿ceIve the resources: and the monetary value can be measured wlth 5uffldent rellablllty. ftesouyres Empended Thls is retO8nlsed when a Ilabllity Is Incurred. or a construttive obllgation arises. that results In the payment belng una¥oldable. ￿abIlItIeS are re¢o8nlsed as soon as an outllow of economlc benefft Is consldered more ￿kety than not under the legal or construrtive obligation committlng Clrcult to pay out resources. Graftts Grants made by the arcultfrom Its own fvnds are reco8nlsed In full at the tlme of agreement or when the arcult accepts that there Is a legal operatlonal obllgatlon to make the payment. VAT Slnce the Clrcult Is not VAT registered, all Input VAT Is tharBed wlth the expenses to whlch It refer& T•n8lble fixed assets In accordance wlth the requirements of the Methodlst Churth guidante for 21YJ5106 standard fom) of attounts. the Freehold Land and Buildlngs were brou8ht Into the accounts forthe first tlme in 2&)6107. The propertles have been revalued at 31 Au8USt 2012 to reftect the 2011112 Insura￿ valuatlon. Invulments Investments are valued In the balance sheet at marketvalue at the year end. Investment Income Is Included In the accounts wthen recefvable and any 8alns or losseson revaluatlon at the year*nd are shown In the SOFA Oebtors Debtors are Included atthe settlement amount dLte. Prepayments are valued at the amount prepaid. Cash at bank and In hafid Cash at bank and In hand Includes cash and short term highty Ilquid investments with a short maturity of three wnonths or less from the date of openlng of the deposlt Credltors and pruv151ons Creditors and piovlsions are recognlsed vknere the charlty has a present ¢)bll8atlon arislng from past event thatwlll probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or es¥mated rellabty. CredIt￿5 and provtslors are re¢o8nised attheir Settlement amounL

1. Investment income and Interest 2024 2023 Unrestricted Restricted funds funds Inte￿$t Income from investment Properties 10.167 151,730 161,897 10.167 3.450 151.730 149.230 161.897 152.608
2. arcuit assessrnent 2024 2023 Unrestrirted Restricted funds funds Kensal Rise Meth Church Femhead Road Meth Church Quex Road Methodlst Church Gospel Oak Methodist Church 16,814 16,814 16,814 16,814 67,255 16,814 16,814 16,814 16,814 16.814 16,814 16.814 16,814 67,255 67,255
3. Other Income 2024 2023 Unrestrfrted Restrfrted funds funds Connexlon Pension Fund 10.855 10.855 10.855 10.855
4. Stlpends and staff cost 2024 2023 Un￿strIrted Restrirted funds funds Stipends Employerfs National Insurance Pension costs Associated costs 74,995 7,248 20,174 9,750 112,166 74,99S 71,278 7.248 6,470 20,174 18,302 9,750 6,868 112,166 102,919
5. Malntenance of Manses 2024 2023 Unrestrirted Restricted funds funds Building repairs and maintenance Insurance and Utilitles Management Fee 62,623 8.328 2,230 73.181 62,623 8,328 2.230 73.181 22,367 8.038 2.110 32.515

12 & 15. Ollke expenses M¢xlel trust levv Adm Char8es Payroll 8ank Char8es 218 322 196 735 218 322 196 735. 631 13. Dlstrkt A$5e5ynent & Unre5trtted Restrlcted funds fvnds Dlstrfct A$3èssment 31.868 31,868 31.868 30.844 31,868 30,844 16. Other exp•ndltvr• 20 Unrestrlcted Restrlcted fsjnds lun(ts Mlnlstry, resource5 & tralnln8 Local Preachers Allowance Benevolent 81ft Leavln8 Glftfor Mlnlsters Admln15tratlon & other expenses Profeslonal fee 1.250 956 350 956 350 3SO l& Galns & iass Unrestrkted Restrkted nds fur•Js Galns/l1055es1 on monetsry Investments Ltsan by Clrcult wrbtten ¢ff 2624 92 92 111.9851 1624 92 111.8931 19. T•nBlble fw •s*ts 2023 Freehold Propertles 3,870.345 3.870.345 3,870,345 3￿70,345 20. D#bto Prepayment Other debtors 39.597 11.382 39.597 11382 Zl. Credltors Acuuals Grant COMM￿Ments payable 350 3SO 19,UX) 19,IKKJ 19.350 19.350 io

Name of Circuit.. London Mission North West No: 35112 Declarations and Scrutiny I confirm that these accruals-based accounts for the yeaF to 31 August 2024 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting. Signature of treasurer Date I g MGfLh 2025 Name of treasurer. Will Quansah Presentation to the Circult meetlng I confimi that the annual report and accounts for the year ended 31 August 2024 werelwill ' be presented to the Circuit meeting held on.. Signature of the Chair of the meeting.. Name of the Chalr of the meeting". Revd. Paul Hill Date 18 March 2025 Independent Examinerfs Report to the Trustees of the London Misslon North West Circuit Charity Number 1134748 Responsibilities and basls of report I report to the trustees on my examination of the accounts of the London Mission North West Circuit for the year ended 31 August 2024 set out on pages to As the Circuit's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Name of Circuit: London Mission North West No 35112 Independent Examlnerfs Statoment rThe Circuiys gross income exceeded £250.000 and l am qualified to urKlertake the examination by being a qualrfEd member of (insert name of applicable listed body)]. Delete [ ] rfnot applKable. I have completed my examination. I confinn that no material mattersthave come to my attention in connection with the examination (other than that disclosed below") which give me cause to believe that in. any material respect. the accounting records were not kept in accordan￿ with section 130 of the Act; or the accounts do not accord with the accounting records. or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a and fairf view, which is not a matter considered as part of an independent examination. the trustees. annual report is not consistent with the accounts. I have no concems and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I have 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 excess of £10,000 (ten thousand pounds) at the balance sheet date. Slgnature of independent examiner Name of independent examiner. ANDREW SOBITAN.... Relevant professional qualification of independent examiner. FCCA.... . Name of firm (where appropriate): ANDREW & CO.... Address: SUITE 112 AIP BUSINESS CENTRE 152-154 COLES GREEN ROAD........... LONDON................ I g, MfvILCH 2025 . POSt￿e. NW2 7HD...... ' delete or circle as appropriate 12