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|Trustees|Trustees|||
|---|---|---|---|
|The full list ofTrustees who served during the year and up to date ofsignature||ofthe accounts were as follows:||
|Trustees who joined during 2021/22 are shown with an asterix (*),those who left during the year|||with (**)and those|
|who left in 2022/23 are shown with (*'v).Trustees who have joined during 2022/23 are denoted|||with (¹)|
|Mrs Glenda Adams|Dr Keith Aldred|||
|Mr Joseph Amoah|Mr Jones Ankrah|||
|Mrs Lucia Banks**|Ms Debbie Brady**|||
|Ms Shirley Bristow***|Mr Andrew
Brown**|||
|Ms ye ma Coke|Mrs Sheila de Winter|||
|Miss Jean Thomas|Mrs Harriet Graham-Mensa|h||
|Ms Cheryl Gurnham|Mrs Ivy Harber|||
|Mrs Patience Yeboah|Mrs Dorrett Kirwan|||
|Mrs Evelyn Louis
Rev Jenny Impey '
Deacon Terry Street|Miss Laverne John*'
Mr John Singleton
Rev David Hollingsworth ¹|||
|Ms Sarah Wilson**
Revd Dr Jongikaya
Zihle|Mr Doug Swanney¹
Miss Susan Bothamley ¹|||
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|||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|
||||Notes|Funds|Funds|Total|Total|
|||||E|E|E|E|
|Income and Endowments|from:|||||||
|Circuit assessment|||3|5,000||5,000|5,000|
|Offenngs|||4|6,867||6,867|4,257|
|Grants and donations|received||5|36,370|76,300|112,670|31,418|
|Investment
income
and||interest|6|26,852|8|26,860|26,223|
|Renta
I income|||7|135,543||135,543|135,068|
|Other income|||8|73,974||73,974|32,661|
|Internal
organisations|||10||13,968|13,968|46,296|
|Total income||||284,606|90,276|374,882|280,923|
|Expenditure
on:||||||||
|Charitable
activities||||||||
|Stipends
and staff costs:||||||||
|Ministry|||9|285,664||285,664|311,476|
|Internal
organisati|ons||10||67,832|67,832|90,091|
|Districtassessment||||17,624||17,624|17,625|
|Telephone,
travel
&administration||||11,323||11323|17,460|
|Insurance,
utilities
and||Rent||25,947||25,947|27,408|
|Maintenance
on manses|||11|9,520||9,520|22,309|
|Expenditure
on other Circuit properties|||12|1,884||1,884|1,069|
|District advance fund||||25,210||25,210|86,025|
|Other expenditure|||13|142,623|76,300|218,923|308,008|
|Internal
organisations|||10||33,485|33,485|32,562|
|Grants and donations|||14|920||920|17,383|
|Total expenditure||||520,715|177,617|698,332|931,416|
|Net (Iosset)/gains
on investments||||(73,650)||(73,650)|192,181|
|Net expenditure
before transfers||||(309,759)|(87,341)|(397,100)|(458,312)|
|Transfers
between
funds||||(93,001)|93,001|||
|Net movement
in funds||||(402,760)|5,660|(397,100)|(458,312)|
|Funds balances
at 1September 2021||||6,901,300|40,001|6,941,301|7,399,613|
|Funds balances at 31August||2022||6,498,540|45,661|6,544,201|6,941,301|
##
|Statement
of Financial Act|Statement
of Financial Act|ivities|for the year|ended 31Au|gust 2022|||
|---|---|---|---|---|---|---|---|
|Comparative
year information|||||Unrestricted|Restricted|2021|
|Year ended 31August 2021||||Notes|Funds|Funds|Total|
||||||6|6|6|
|Income and Endowments
from:||||||||
|Circuit assessment||||3|5,000||5,000|
|Offerings||||4|4,257||4,257|
|Grants
and donations||received||5|31,418||31,418|
|Investment
income and interest||||6|26,220||26,223|
|Renta
I income||||7|135,068||135,068|
|Otherincome||||8|32,661||32,661|
|Internal
organisations||||10||46,296|46,296|
|Total income|||||234,624|46,299|280,923|
|Expenditure
on:||||||||
|Charitable
activities||||||||
|Stipends
and staff costs:||||||||
|Ministry||||9|311,476||311,476|
|Internal
organisations||||10||90,091|90,091|
|Districtassessment|||||17,625||17,625|
|Telephone,
travel &administration|||||17,460||17,460|
|Insurance,
utilities
and Rent|||||27,408||27,408|
|Maintenance
on manses||||11|22,309||22,309|
|Expenditure
on other|Circuit properties|||12|1,069||1,069|
|Districtadvance
fund|||||86,025||86,025|
|Otherexpenditure||||13|308,008||308,008|
|Internal
organisations||||10||32,562|32,562|
|Grants and donations||||14|17,383||17,383|
|Total expenditure|||||808,763|122,653|931,416|
|Net gains on investments|||||192,181||192,181|
|Net Expenditurenbefore|transfers||||(381,958)|(76,354)|(458,312)|
|Transfers
between
funds|||||(83,504)|83,504||
|Net movement
in funds|||||(465,462)|7,150|(458,312)|
|Funds balances
at 1September|||2020||7,366,762|32,851|7,399,613|
|Funds balances at 31August||2021|||6,901,300||6,941,301|
|The notes on pages 18to 29form an integral||||part ofthese|accounts.|||
##
##
||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|
||||Funds|Funds|Total|Total|
|||Notes|||||
|Fixed Assets|||||||
|Tangible assets||16|3,902,765|250|3,903,015|3,907,149|
|Investment
properties||17|1,185,471||1,185,471|1,185,538|
|Investments||18|452,519||452,519|914,168|
||||5,540,755|250|5,541,006|6,006,856|
|Current Assets|||||||
|Debtors||20|641,338||641,338|578,347|
|T.M.C.P. Interest|funds||58,993||58,993|403,954|
|Central
Finance Board Deposits|||213,064|81,796|294,860|102,348|
|Cash at bank and|in hand||106,058|4,265|110,323|33,140|
||||1,019,453|86,061|1,105,514|1,117,789|
|Creditors: amounts|falling due within one year|21|(55,662)|(40,650)|(96,312)|(174,501)|
|Net Current Assets|||963,791|45,411|1,009,202|943,288|
|Total assets less current liabilities|||6,504,546|45,661|6,550,207|6,950,143|
|Creditors: Amounts|falling due after||||||
|more than one year||22|(6,006)||(6,006)|(8,842)|
|Net Assets|||6,498,540|45,661|6,544,201|6,941,301|
|Accumulated
funds|||||||
|Unrestricted
funds|||6,278,540||6,278,540|6,681,300|
|Restricted
funds||24||45,661|45,661|40,001|
|Revaluation
reserve|||220,000||220,000|220,000|
|Total Funds|||6,498,540|45,661|6,544,201|6,941,301|
##
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##
|Notes to the accounts f|Notes to the accounts f|Notes to the accounts f|Notes to the accounts f|Notes to the accounts f|or t|he yea|r|ended 31August 2|022 (continued)|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|3.Circuit assessment||||||||||||||
||||||||||Unrestricted|Restricted|2022||2021|
||||||||||Funds|Funds|Total||Total|
||||||||||E|E|E||f|
|Poplar Methodist|||Church||||||5,000||5,000|5|000|
||||||||||5,000||5,000|5,000||
|4.Offerings||||||||||||||
||||||||||Unrestricted|Restricted|2022||2021|
||||||||||Funds|Funds|Total||Total|
||||||||||f|f|E||f|
|Bethnal|Green|Methodist|||Church||||1,655||1,655|2,700||
|Bow Road Methodist||||Church|||||5,212||5,212|1557||
||||||||||6,867||6,867|4,257||
|S.Grants and|||Donations
received|||||||||||
||||||||||Unrestricted|Restricted|2022|2021||
||||||||||Funds|Funds|Total|Total||
||||||||||E|E|E|f||
|London|District||||||||35,460|76,300|111,760|30,984||
|Others|||||||||910||910||434|
||||||||||36,370|76,300|112,670|31,418||
|6.Investment|||income and interest|||||||||||
||||||||||Unrestricted|Restricted|2022||2021|
||||||||||Funds|Funds|Total||Total|
||||||||||E|f|E||f|
|TMCP Investment|||holdings:|||||||||||
|Dividends|||||||||21,749||21,749|21,625||
|Interest|||||||||405||405|4,243||
|Central|Finance Board deposit interest||||||||521||529||126|
|Loan interest|||||||||4,177||4,177||229|
||||||||||26,852|8|26,860|26,223||
|7.Rental income||||||||||||||
||||||||||Unrestricted|Restricted|2022||2021|
||||||||||Funds|Funds|Total||Total|
||||||||||E|E|E||f|
|Income|from investment||||properties|||held|135,543||135,543|135,068||
|8.Other income||||||||||||||
||||||||||Unrestricted|Restricted|2022||2021|
||||||||||Funds|Funds|Total||Total|
||||||||||E|f|E||E|
|Bequests and||legacies||||||||||1,030||
|Ma nag|ament|fees|||||||36,171||36,171|14,604||
|Gain on|disposal||of|tangible||assets|||23||23|1,037||
|Gift Aid|received||||||||1,717||1,717|1,064||
|Insurance
claim|||||||||1,032||1,032|||
|Bow Road MC properties|||||hall|letting||income|20,016||20,016|8,544||
|Bethnal|Green|MC properties||||hall|letting income||8,805||8,805|5,931||
|Old Ford MC properties|||||hall|letting||income|5,924||5,924||450|
|Other income|||||||||286||286||1|
||||||||||73,974||73,974|32,661||
##
##
|||||||||unrestncted|unrestncted||Restricted|Restricted|2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Funds|||Funds|Total||Total|
|||||||||||f||E|f||E|
|~Ministr||||||||||||||||
|Stipends|||||||||55,496||||55,496||55,964|
|Sa Ia ries|||||||||193,269||||193,269|208,639||
|Employer's|National||insurance||||||13,709||||13,709||22,067|
|Pension Costs|||||||||23,190||||23,190||24,806|
||||||||||285,664||||285,664|311,476||
|Salaries|||||||||||61,168||61,168||77,825|
|Employer's|National||Insurance||||||||2,994||2,994||7,596|
|Pension Costs|||||||||||3,670||3,670||4,670|
||||||||||||67,832||67,&32|90,091||
|The average monthly||number ofstaff||employed||dun|ng the|year was 12(2021:14).||||||||
|There were no employees|||whose annual||emoluments||were|E60,000 or|more.|||||||
|9a.Trustees'|emoluments|||||||||||||||
|One or more Trustees||have been paid remuneration|||||or have received||other|benefits|from their employment
of Office Holding|||||
|with the Circuit.|Trustees||only receive||remuneration||in respect of services|||they provide||undertaking|their
employment||roles|
|under their contracts||ofemployment||and not in respect oftheir services as Trustees.||||||||||||
||||||||||||||2022||2021|
||||||||||||||f||E|
|Mr John Singleton|||||||||||||8,268||8,174|
|Mrs Dorrett Raid|Kirwan||||||||||||11,882||11,665|
|Rev John Hayes|||||||||||||||34,324|
|Rev Jenny impey|||||||||||||36,193|||
|Mr Andrew
Brown|||||||||||||2,805|43,523||
|Decon Terry Street|||||||||||||33,058||32,591|
|Mrs Debbie Brady|||||||||||||43,423|42,925||
|Ms Laverne John|||||||||||||28,757||20,511|
||||||||||||||164,386|193,713||
##
##
##
##
##
##
||||Zacchaeus|Band for|Total|
|---|---|---|---|---|---|
||||project|Life|Restricted|
|||||project|Funds|
|||||E|6|
|Income and Endowments||from:||||
|Donations
received|||2,782|10|2,792|
|Grant received*|||2,912||2,912|
|Activities for generating|funds||663||663|
|Charitable
activities|||7,262||7,262|
|Other incoming
resources|||317|22|339|
|Total|||13,936|32|13,968|
|Expenditure
on:||||||
|Cost ofgenerating
funds|||40|||
|Charitable
activities|||18,633|13,805|32,438|
|Support and staff costs|||68,746|93|68,839|
|Total|||87,419|13,898|101,317|
|Net expenditure
before|transfers||(73,483)|(13,866)|(87,349I|
|Transfers from unrestricted||funds|75,000|18,001|93,001|
|Net movement
in funds|||1,517|4,135|5,652|
|Funds balances at 1September 2021|||35,183|2,902|38,085|
|Funds balances at 31August 2022|||36,700|7,037|43,737|
##
|||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|
|||Funds|Funds|Total|Total|
|||6|6|6|6|
|Building repairs and|maintenance|916||916|12,260|
|Fire and security systems||456||456|522|
|Insurance||3,247||3,247|3,318|
|Utilities, Telephone|and other services|4,901||4,901|6,209|
|||9,520||9,520|22,309|
##
##
##
|12.Expend|iture
on other Circuit propert|ies||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2022|2021|
|||Funds|Funds|Total|Total|
|||E|E|E|E|
|Building repairs and maintenance||665||665||
|Insurance||1,164||1,164|1,069|
|Professional|fees|55||55||
|||1,884||1,884|1,069|
##
|||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total|Total|
|||||f|E|E|E|
|Buil di ng|and|equi|p ment costs|27,948|66,728|94,676|47,844|
|Depreciation||||4,134||4,134|4,134|
|Finance|costs|||1,388||1,388|1,917|
|General|and other||ad hoc expenses|15,137||15,137|20,138|
|Bad debts written|||off|16,104||16,104||
|Ministry|costs|||5,379||5,379|4,366|
|Professional||fees||71,505|9,572|81,077|228,044|
|Staff welfare||and|training|1,028||1,028|1,565|
|||||142,623|76,300|218,923|308,008|
##
||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|
||||Funds|Funds|Total|Total|
||||E|f|f|f|
|Grants||||||8,004|
|Donations|||920||920|9379|
||||920||920|17,383|
|1S.Auditors'|remuneration||||||
||||||2022|2021|
||||||E|f|
|Fees payable to|the circuit's auditors|for audit ofthe annual|accounts||6,600|6,600|
##
##
||||||||Freehold|Fixtures||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Land &|Fittings &||Office||
||||||||Buildings|Equipment||Equipment|Total|
|Cost or valuation|||||||f|f||f|f|
|At 1September 2021||||||||||||
|and at 31August 2022|||||||3,890,717|29,847||14,180|3,934,744|
|Depreciation||||||||||||
|At 1September 2021||||||||21,923||5,672|27,595|
|Cha rge for yea r||||||||1,298||2,836|4,134|
|At 31August|2022|||||||23,221||8,508|31,729|
|Carrying Amount||||||||||||
|At 31August|2022||||||3,890,717|6,626||5,672|3,903,015|
|At31August|2021||||||3,890,717|7,924||8,508|3,907,149|
|The carrying|amount offreehold||land and building||comprises||of:|||||
|||||||||||2022|2021|
|||||||||||f|f|
|Freehold
land||||||||||40,000|40,000|
|Manses||||||||||1,290,069|1,290,069|
|Church
buildings||||||||||2,560,648|2,560,648|
|||||||||||3,890,717|3,890,717|
|The net book|value|of office equipment||includes|f5,672|(2021; F8,508) in respect of assets|||held|under finance|leases. The|
|depreciation|charged
in respect||ofsuch|assets amounted||tof2836(2021:52||836)for the year.||||
|17.Investment||properties||||||||||
|||||||||||2022|2021|
|||||||||||f|f|
|Market value|at 1|September 2021||||||||1,185,538|1,186,101|
|Dis p os a Is||||||||||(67)|(563)|
|lylarket
value|at 31August 2022|||||||||1,185,471|1,185,538|
##
##
|||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||E|E|
|Valuation at 1September 2021||||||||||||914,168|721,987|
|Disp osa Is||||||||||||(387,999)||
|Valuation
changes||||||||||||(73,650)|192,181|
|Valuation at 31|August||2022|||||||||452,519|914,168|
|Investments
held by Central||||Finance board||||||||||
|At 31August 2022||||||||||||452,519|914,168|
|19.Financial|Instruments|||||||||||||
|||||||||||||2022|2021|
|||||||||||||E|E|
|Carrying amount|offinancial||||assets|||||||||
|Debitinstruments||measured|||atamortised||cost|||||1,092,753|1,488,078|
|Carrying amount|offinancial||||liabilities|||||||||
|Measered atamortised|||cost|||||||||95,287|177,506|
|20.Debtors||||||||||||||
|||||||||||Unrestricted|Restricted|2022|2021|
|||||||||||Funds|Funds|Total|Total|
|||||||||||E|E|E|E|
|Prepayments
and accrued income||||||||||66,347||66,347|4,436|
|Other debtors||||||||||574991||574,991|573911|
|||||||||||641,338||641,338|578,347|
|21.Creditors:|amounts|||falling due|||within one year|||||||
|||||||||Notes||Unrestricted|Restricted|2022|2021|
|||||||||||Funds|Funds|Total|Total|
|||||||||||E|E|E|E|
|Obligations
under||finance leases||||||||2,837||2,837|2,308|
|Other taxation and||social security||||||||7,031||7,031|5,837|
|Deferred income||||||||23|||40,650|40,650||
|Accruals||||||||||32,008||32,008|153,979|
|Other creditors||||||||||13786||13,786|12377|
|||||||||||55,662|40,650|96,312|174,501|
|22.Creditors:|amounts|||falling due|||after|more than||one year||||
|||||||||||Unrestricted|Restricted|2022|2021|
|||||||||||Funds|Funds|Total|Total|
|||||||||||E|E|E|E|
|Obligations
under||finance leases||||||||6,006||6,006|8,842|
|||||||||||||2022|2021|
|Net obligations|under||finance||lease and|hire purchase contracts:||||||E|E|
|Repayable
within one|||year|||||||||3,696|3,696|
|Repayable
between||one and||five years||||||||7,455|10,032|
|||||||||||||11,151|13,728|
|Finance charges|and interest||||allocated|to|future accounting||periods|||(2,3081|(2,578)|
|||||||||||||8,843|11,150|
|Included
in liabilities|||falling||due within|one year||||||(2,8371|(2,308)|
|||||||||||||6,006|8,842|
##
##
|23.Deferred Income||||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2022|2021|
|||Funds|Funds|To~at|Total|
|||E|E|E|E|
|Other deferred
income|||40,650|40,650||
|Deferred income is included|in the accounts as follows:|||||
|||Unrestricted|Restricted|2022|2021|
|||Funds|Funds|Total|Total|
|||E|E|E|E|
|Deferred income is included|within:|||||
|Current liabilities|||40,650|40650||
|Movements
in the year:||||||
|Deferred income at 1September 2021||||||
|Resources deferred
in the year
Deferred income at31August 2022|||40,650
40,650|40,650
40,650||
##
||||||Balance as at|||Transfers|Balance asat|
|---|---|---|---|---|---|---|---|---|---|
||||||01.09.21|Incoming|Outgoing|between
funds|31.08.22|
||||||E|E|E|E|E|
|Funds||||||||||
|i.Internal
organisations
ii. Bow Road Methodist
Church
iii. Bethnal Green Refurbishment|||Organ
Fund|Fund|38,085
1,916|13,968
8
76,300|(101,317)
(76,300)|93,001|43,737
1,924|
||||||40,001|90,276|(177,617)|93,001|45,661|
##
|||Unrestricted|Restncted|2022|
|---|---|---|---|---|
|Fund balances at 31August 2022 are represented|by:|Funds|Funds|Total|
|||E|E|E|
|Tangiblefixed
assets
Investments
Net current assets
Long term liabilities||3,902,765
1,637,990
963,791
(6,006)|250
45,411|3,903,015
1,637,990
1,009,202
(6,006)|
|||6,498,540|45,661|6,544,201|
##
##
##
##
##
##
##