2022-08-31-accounts

Registered	Charity - Registration	number			1135316
	London			District No I Circuit No	35/ 22
Ministers
				Rev Ste en Poxon
			R	Td ~hS
				Rev Ru rt Weekes Rt M~
				Sister ~rtle Poxon
				Rev Matthew Lunn
Circuit	Stewards			Barbara Fennin
				Evadne Cameron
				Keith Goatee
			Tins Narte ~Td
				John Koomson
				Lucia Bienman
Circuit	Treasurer			Tins Nart

Active Circuit Ministers	Rev Stephen Poxon	Rev Stephen Poxon
	Rev Thurairajah	Samuel
	Rev Rupert Weekes
	Rev Robert Maginley
	Deacon Myrde	Poxon
	Rev Matthew Lunn
Circuit Stewards	Ms Evadne Cameron
	Ms Barbara Fenning
	Mr Keith Coates
	Mr Tony Addo
	Ms Tine Nartey
	Mr John Koomson
	Ms Lorna Thompson
	Ms Lucy Blenman
Administrator:	Ms BevCombes

Name ofGrcuit	Name ofGrcuit	Name ofGrcuit									Ciiotdt NO	35/22
Statement of Financial			Act)t/)ties (SOFA) for Nates to			the year ended 31August 2022 Circuit Mode( Designated
				the accounts	General Fund (Unrestricted)	Trust (U~)		(un	Funds et/fctrM)	Restricted Funds	Endowment Funds	Total 2021-22
						2
Income
I Donations and Iegaoes												0
2 Income from monetary investmenls 3 Income from investment properbes												1,250 0
4 Assessments on Churches					361,512							361,512
5 Cap&at Receipts												0
6 Grants recerved												0
7 Other charitable income 8Tobil income					2,793 365,207							2,793 385,666
Expend)tur0
9 Grants and donahons					2,131							2,131
10Salaries and associated	costs				221,168							221,168
11 Property maintenance									111,478			111,478
12 Connexronal assessment	&	madel trust		levy								0
13Dutnct Assessment &Levy					94,424		2,478					96,902
14 Deprecwbon												0
15Office expenses					9,938							9,938
16Other outgoings					33,835		283		590
17Total charitable expenditure					381496		2,751		112,058	0	0	475,125
18Gams/(losses) on monetary		investments
19Gains/(losses) on investment		properbes
20 Net income/(expenditure)					3,911		-2,413		-112,068		0	-110,570
21 Transfers between funds						66,156			70,056			0
22 Other ga/ns/(losses)												0
23 Net movement in funds									42,012		0	-t10470
24 Total funds brought forward					2,080,063	99,125			211,541			2,390,729
25Total funds carried forward					2,080,074	30,556			169,529

Statement of Financial	Statement of Financial	Statement of Financial	Activities	Activities	(SOFA) for the year	(SOFA) for the year	ended 31August 2021	ended 31August 2021	ended 31August 2021
				Notes to		Circuit Model		Designated
				the	General Fund	Trust		Funds	Restricted	Endowment		Total
				accounts	(Unreetrlcied)	(Uneetttcts&)		(unrsstrleM)	Funds	Funda		2020-21
									5
Income
I Donsbons snd legacies												0
2 Income from monetary mvestments												669
3 Income from mvestment	properbes											0
4 Assessments on Churches					351,676							351,676
5 Capital Receipts												0
6 Grants recewed												0
7 Other chantabie income					33,309							33,309
8Total income					385,307		347					385,854
E/tpendlture
9 Grants snd donabons												0
10Satanas and associated	costs				218,305							218,305
11 Property mamtensnce								27,634				27,634
12Connexional assessment	&	model trust		levy								0
13Dntnct Assessment 8 Levy					94,424	2,842						97,266
14 Deprecmbon												0
15Office expenses					10,008							10,008
16Other outgomgs					35.064		214	2,500				37,778
17Total charitable expenditure					357,801	3,055		30,134			0	390,990
18Gains/(lossesl on monetary		mvedments
19Gains/(losses) on mvestment			properbes
20 Net Income/(expenditure)					27,506	-2,708		-30,134			0	-6,338
21 Transfers between funds					-27,500	-5,000		32,500				0
22 Other gains/(losses)
23 Net movemant in funds						-7,708					0	-5,336
24Total funds brought forward					2,080,057	106,833		209,175				2,396,065
25Total funds carried forward					2,080,063	99,125		211,541

Name of Circuit												Cfrcuit MO
						Balance General Fund	Sheet as circus Madel	at 31August 2022 oe«IB sled Restricted~			T leis
						(Unmnrlcled)	Trusts	Funds	Firnd4	Fumls	2021I22
					Notes lo th		(Unrastrkued)	(Umastdctrm)
					Accwmts		6	E	L	E
FIxsd ASNlts
Cocle Menses 8 Eqwpment											T,DB),OG)
I mlelnmla plopslsm											0
											0
								0	0	0	2,080,000
Cumml Assets
						19423					19423	10276
Loans b the Cacus
estmrrds «eh TMCP Csmnl Fsnlcs Boant Dspoalu						104281					&,558 273,810	99,125 27S,458
Cash at Bank and In hand											8,091	4,248
Total		current		ssmua		131,795		109,5				401,10S
Cu rent lubSItles
Credaom (due n rod	I	year)				131,721					131,721	90,378
Grants payable ithn 2019- 0
Torsi c		n	Igabr7ides			131.721					131,721	90,378
md mnmrd SSSSAII/Mbmdm						74					200,150	310,729
Totm aaalaa less currelu			gsbfmleu			20MI,BT	30,	10$,529	0	0	22IM,ISS
Long tenn llabBltles
due after more than	one			ar
Gmue myeue atter 2019-20
Loans to th» Crcult
		ldetassats						16$,629			2400,(59	2,390,729
Funda ofthe Circuit
Ganemt Fund (Unrestnded) Cue«4 Madel Tnnt Fund (Un auricled) ~Funds (U reelncud)						2,080,0 4		1695im			2,0E0,074 169,529	211,541
Totaf Unreslrkstd Raslnciad Fulkls E~Funda				Funds					0		2,280,I69 0
		Total		Funda		Z000,074	30,550	109,529		0	2,200,1M	2,3$0,729

4.Donations	and legades	and legades	Unrestricted	Grcult Model Trust Fund	Restricted	~~	Total	2021 Total
			E000		E000		f000	f000
Donations
Legacies
Total
5.Charitable other	activit(es-		Unrestricted	Circuit Model Trust Fund		2022	Total	2021 Total
			f000		6000		f000	f000
Charitable activities -Other 1
Charitable activities -Other 2
Charitable activities -Other 3
Total
				Greeit Model				2021
6.Other trading activities				Trust Fund		2022	Total	Total
			f000		f000		f000	f000
Lettings (Property name)		—1
Lettmgs (Property name)		- 2
Lettings (Property name)		-3
Lettings (Property name)		-4
Miscellaneous	1
Miscellaneous	2
Miscellaneous	3
Miscellaneous	4
Total

7.investment	income	Unrestricted	GrcuR Mode) Trust Fund	Restricted ~~		2021 Total
		f000		f000	E000	f000
Central Finance	Board
Rental income
Other
Total					0	1

10.Paid employees
Staff Costs paid during the year were:
Gross wages, salaries and benefits in kind
Employer's Nationallnsurance costs
Pension costs
Total staff costs
Average number ofstaff empksyeed	during the year
were:

			State number of	State number of	manses,	specifically reference other buildings	specifically reference other buildings	specifically reference other buildings	managed	managed	by the circuit	and separately	identify property treated as	identify property treated as	identify property treated as
			investment	property.
			Provldedsummary		information		in respect ofother categories		and specific reference should be made				in resppect of	any assets under
			construction.
Cost or valuation
													Payments	on
											Other fixed	Fixtures,	account	and
			Residential							assets Including		fittings and	assets under
			Land		Other Land		Manses	Other buildings		motor vehkles		equipment	construction		Total
			E			E	E	E			E	E	E		E
Balance brought	forward						2,080,000								2,080,000
Additions
Revaluations (+/-)
Disposals (-)
Transfers (+/-)
Balance carried forward							2,080,000								2,080,000
Accumulated depreciation
		"Basis					SLor RB	SLor RB		SLor RB		SLor RB
		vv Rate
Balance brought	forward
Depreciation charge for year (-)
Revaluations (+/-)
Disposals (-)
Transfers' (+/-)
Balance carried forward
Net book value
Brought forward							2,080,000								2,080,000
Carried forward							2,080,000								2,080,000

Analysis ofinvestment move	ments
					This year	Prev year
Investments listed on a recognised		Stock Exchange
Investments hekl in common	investment		funds,
Securities not listed on a recognised		Stock Exchange
Other investments
				Total
Change In Investment values
Canying (market) value at beginning		ofyear
Add: additions to investments	at cost
Less: disposals at canying value
Net gain/(loss) on revaluation
Carrying (market) value at end	ofyear

								New	River	Circuit
16.loans
Source			Purpose ofloan		Amount	New	Loan interest	Repayable	in	Balance at
					brought	borrowings		the year		year end
					forward
				Tota Is
Repayment due										Totals
Due within 12months		31/08/2023
Due between 1	and 5years	31/08/2024	31/08/2025		31/08/2026		31/08/2027
	y ars

Unrestricted	Funds
Unestricted	Fund Name	Opening		Income	Expenditure	Transfers	Closing Balance		Purpose ofthe fund
General			63	365,208	365,197		74
Reserves			121,900		16,100		105,800
	Totals		121,963	365,208	381,297		105,87
Designated	Funds
Designated	Fund Name	Opening		Income	Expenditure	Transfers	Closing Balance		Purpose ofthe fund
			Balance
Youth			36,058		590		35,468
Music Bursary			376				376
Training			8,761				8,761
Removals			10,837				10,837
Repairs 8 Renewals			33,610	86,156	111,478		8,288
TAB Loan
	Total		89,642	86,156	112,068		63,73
Endowment	Name		How the	capital Is Invested		The current	value ofthe capital	Annual income	What the income was used for
					Total
The reasons	for the transfers	between	funds were	as follows:

	I'INANCIAL REV	IEW FOR THE YEAR E	NDED 31AL&GEIST 2022
I	The amus) total costs	for the year to 3 la Aubn&s&	2022 uas E6.(KK) less than the
	budg&ned amount for	(he same penod as follows.
			L
	Staff Coals		1,(KX)More
	Manse Cns&s		700 Less
	Postage		C&00Less
	Local Preachers	a&pensee	400 Less
	C&rcuii Adnun&sire(or		1,3(K)Less
	C&rcu&t Rev» al		2,500 Less
	O&her Cosis		1,500Lou