NEW RIVER METHODIST CIRCUIT LONDON
Charity Registrntion Number. l 135316
Circuit Number 35122
Annual Report and Financial Statements
31 August 2013
T3ndem Accounting Lrd
Charrered Accounrants
17 Heathville Road
London N19 3AL

NEW RIVER METHODIST CIRCUIT LONDON
Annual Report and Financial Statements 2023
Contents
Page
Legal and Adrninlstrnthe Infformat*)n
Anrwal Report d theTNste
Indepffjdert Examkner's Rwrt to th• Trurtees
Statement of FITh￿<￿1 Acthldes
Balance thett
Notes to the Fhanclal Ststements
12

NEW RIVER METHODIST CIRCUIT LONDON
Legal & Administrative Information
For the year ended 31 August 2023
Charity Name
New Methodi%E Grcuit London.
Principal Addras
Palmerstty) R(#d, hlmers Gw. London 8ftA.
Governlng tlocumEnt
Deed Of ithlon119321 and MethodisE thurch Act119761.
Objectives
The charity's rr4in cbleeth Is w aer 4$1 reswrce pro¥lder for 9 chu￿he4 *ithln the are¥
¥round North L￿d￿. c¢w&ln8the b(*¢u8hs cl HarlThgw and a 5fflall sKtion of Enfield for
the M#hod15t thurch.
The purpose5 c4 the Methcojist Churth *r* and sh*ll be deemed to h•¥¢
beeTh ￿nce the Date of Urti￿ the advane•n*t th.
*) Th• Chtisrian l•lth ln ¥¢¢*xdaThce *ith th¢ d4xvifkal sRndards and discipline of The
Methodist Churth..
bl Any charitsble purpose kf the btlrt4 clany c¢￿**Xl￿a1. DI$￿t& GrculL l¢Jcal er
other wg¥ni5ation olThe Methodist Church..
cl Afiy chadr•ble purp¢)se &y the ome bdni Of 4ny In5tivJ￿￿ sub%Id￿ry gr
anclllary w The Methodist Church..
dl Any purpose lor the lime ts￿￿8 of any charity b•nia charfty subiidllry or antillary to
The Methodlst Churth.
Tru*t•
The TN*st••s *y•d durlni th• yw s•yfjni 41 th• dat• of th1$ wort
Rey S. Poxon
T. Samud
Rev M. Lunn
Rev Et. Mazlnley
flev R. Week
Oe•¢ty) M. Poxe
Comb
IChalrl&JwNtthdtnt undl 31 fvly 20231
IChairlSuperir*tendenr from l August 2023
IRe5iiTrtd 31 Auiust 20231
{Admlnlsrdtorl
r*surwl
C Ay*TonQJuah
C Ambr05e
C ArhSn
E Aidoo
G Akr¢*J•r
l Arhi
l Arhinthlthsah
R Ankcryh
T Addo
G Chri50¢
I Chad¢s
K ￿1¢%
CDad
E DOI￿r
E D¢nkor
U Dubwry
C Eileen Alkn
IKw5
S K¢)oms
É Min8
P Masuk
S Magin
Y Maginley
ANart
E OpokoAbebre5eh
l O%wsuAn
O Phlpp#
TPO
B Simpson
8 Fenning
C Fakeye
M Glynn
M Hardinz
D liagze
G lamerah
P King
l Beerko
L ￿eThman
S Baidoo
S Bant
s eoakye
D Wade
D Watson

NEW RIVER METHODIST CIRCUIT LONDON
Legal & Administrative Information
For the year ended 31 August 2023
Key M*n*8emen¢
Personnel
Thty¢ In ch•ryed dlrerriTh& CLffiTrc41kn& rnnnlngand 4yaDng the charity on a day ty day
basis *tr¢
Active Circuit Minister¥: Rev steph￿ PoxL￿. ThuTrir4jah Samud. Rev Rupèrt
Rev Robert Pkgirlley. Deason ￿rtIe Poxon. Re* Matthew Lunn
CJr¢ult Stv*wdi: Mr T. Addo. Ms L w￿mIn. Ms E. c8ftw￿, Mr K Coares. Ms
nln& Mr Its T. Ms L The4np*
Adn4nl¥¢rnts)r. Ms & Cwbos
Tr•uur•r. Ms L ThL¥np5￿I
Lloyds Bank
25 Grnsham Street
LondoTh EC2V 7HN
Ind*p•ndent
Ex&Tr￿n•r
)hN H4m ACA
Tand•)) ACc¢yJn￿rn£ L
17 Heathville R¢xd
LMd(x) N19 3AL

NEW RIVER METHODIST CIRCUIT LONDON
Annual Report of the Trustees
For the year ended 31 August 2023
The Tru5tee5 submit thwr anrlual report and the financial sTrEth)enrs ol RNer MethodisE Circuit Lnndan r'th
Circuit") for the year ended 31 August 2023. Thefinancial ststunents have prepared in the format prestdbed by the
Ststernerit of Recomrn￿ded Praciicc Accounting and Keportin2 by Chariues ISORfL019 IFRS1021l The legal and
adminls07tFve inlormation set out earlier in thi5 document forrn5 parn of thi5 r4sorL
l. Strutthr4 Gov*n*ntÈ & MAn*82mtht
The goYcrniDs documoni fc* the Orcuit is the Deed of Union 119321 and the Methodist Church Act 119761. Detailed
governance arrdngern￿ts areoudined vAthin the C0Th5tivJtional Practice and DiKipliThe of the meth￿l$t Church by order
of the annual conference ICPDI.
The arcult 15the trusthe body and consists dcllce h¢ldus and reprtwt•¥vu ol the loc41 ¢hurchu￿thIft th•
arcuit vtho are all annualty appclnted by thurch Cour•cll& The Orcult ￿PerIn￿￿￿t Is ¢Y officlo Chalr d th* Qrtult
mtt￿n8
Day to day man4emen¢ d tht Qrru4t is und¢rAk¥ by the fy¢ui¢ LNdf45hlp Ttam as sp¢¢lfic ccffimlTtees lor
Orcult An4n¢< Circu¢t Property and Grr¥it Pdicy
The Clreulr 1$ parr of the L¢ndon Disrrici and is made up cl 9 churthes.. limsbury Park Hdfy Pirk Middle Lan< MIl￿r
meMorf￿. Muswdl Hlll, RAV￿$d*14 St Mark& Ttk)ityAtkn and Wlllouihby.
2. A¢dvltl•s & Publ1¢ B•n•fi¢
The princlplll purposed the l1t• 4¢t•s • svppw¥ni body <hvrthts*nd the ￿'1￿1¢t and Cthlntxion. The
Clrcuit does not seek and in ffleasu￿ doe5 not atsaln dirttr conTacE vath the publlc. The dlrttr con¥¢E Is by th•
Indivldual thurthts. It Is th*se that the Ortult supports In thdr deslre to provlde benefit to the publlc.
The Clrrulvs nlne churche5 have a Y5bran¢ Urban muld*thnlc evaTr8diral conir4ath %*lth i membershlp of over 850.
The Trustw h•vesl¥th due reprd to the Chadry C¢)tI¥Th￿￿S. guidanctcffi public benefit During the year the circu
churthes con1inu￿ to cary *lUt the fOlkn￿n8 ac¢ivioe5 in ¢xder to prMKte the Gospd in their local neighboutthood5'.
Sunday Worship
Chlldren & Youth's acdvldqs
PAble Study and prnyer medn%
Chrlsdan counsdlifig
P*swral vl¥ts
J. R•Yl•w OfPrvy•M & AGh1￿•ments
Thls ha5 a g¢xd chalknglng y¢arfrxth¢ Cfjr¢ulL The rslne£hurthes t￿￿￿￿et0 ste mc*e pts¥lt reDJrnillK to I￿r￿1P
aftrr Covld. H£v￿er. there are stiN a rbumbor of people have Tr¢x rewrn￿ and ether5 hav• detlded w leav
The ChU￿h year began wtth the Orcult knI￿n8 that 3 nwnbers d staff we due to leave the Orcult by August23. Th
prrffipted 50rne changin8 d pastoral responsibility across the 9 churches and a minisw was invited to ¢(mE into the
Circuit to replace the Rev Robert Maiinlw. although for dHlewt churchek The Robrt after 7 years of ministry '
the Nfw River Circuik VAS invited to minister irb the R¢rnford ClrcuK and the Grcuit gave him a thank you
rewdl in

NEW RIVER METHODIST CIRCUIT LONDON
Annual Report of the Tru5tee$
For the year ended 31 August 2023
The Re¥ Sr¥Jhen and Si5w Myrde Nyere coming to the of thar l O*ear ministry at St Mark's. Sadly. a match *ith a
rnlnister ro bec(Jme the superintendwr was not POS5ibl& The Grtuit app¢Anted cne ol the present nwnis￿r￿. the Rev
Thuralrtjah Samud, as superintend￿¢ #nd Invited bc4h Swhth #nd Myrde to dts an eX￿a year as part-tim
acuve 5upernumertrfes.
During the year the Cirtult Trtssr£es gaveapproyallor a fl building prciects acro55 the Qrcult and were 3150 ab
to offer smallgr4nty ro help toward5 the repair& renu*at1￿ and improvement schemek Good nevo fv the Cir¢uit
wag the cornpletion ol renoY¥ting (Aie olthe tircuit rnansts Into i renral property. We havehappywifiTsandthe month
renTal his begun to hdp the Orcuit recoup the reno*diioh expts)dlwrt ind will brinz muth n*ded extya fvnds Into the
arcult
H￿f way through the year. of the churthes indicat¢d thai they were sIru￿lIng ty) pay their a¥se5smenL The Qrcuie
18reed to allow thttn ro pay thty could hr thls year. Ir wa¥ agreed that the wtyjlo trander up to £30.0
from the Yovth ro the Reserves frjnd to hdp fund the Cirtuirf$ acpyipes.
Desplr• all thls th•re havobew 5w¢ good stor1# thrtyJghtyJE theyor. Hc41yPark h45w a 8rovATr8 Sund*ySchool
and Middle Lane recwved 4 new M￿￿Je￿. *hilx Trinity4trBrM* has £rt*ted a hub to ittract more people
Ir¢m the ¢ommvnity. mus￿1 Hill has seen a pO￿ti¥e rupwse w Lego Churrh ¥nd St Mark'5 is hopin8 to be8in a Pws,
8rf8•dt.
Our lon%qtt L(*al Pyuchw. 04¥¢d RfAtsrkk dled In Octobtr and we uid a fond f4re*dl to twr Circuit
admlnlsvawr 8t< Ctsnbes Irb Augu$4 These are but￿￿• narnt5 the pwl* vkno s•rY¢ God th•lr
lotsl ehurthes and a¢￿$ th• Or¢uiL We thank G¢d for them ill.
It*v Sttphtn Poxon {wpthnt•ndwi 2012-23)
Flr44nclal A4vlèw
4.1 Flnanclal Actlylty *fjd Flrt4n¢l4 P￿{tiOn
The Circui¢ is frJnd￿ by #eh ol th• nifbe ¢hyrch¢s ¢ontributyn8 an annual assessmtht yld quarwty. Them Is alw Incom•
from Inveso))ts)t propeny and a small arrwnt Irom Inttrest Inc¢n
The Srat•nent of Nninti*l AcDvilles and the &)l•nc• Sh••t un b• pag•s 9 and I l rnsp•ctivdy. The Clrcuies
financial r•s￿r(e5 increased by £796.435 durlni th• y•ar P022: by £l10.5701. Th• B*lan¢• Sh•rt Sho￿ ¢•thl
frjnds d £3.076.594 r1022.. £2,280,159
4.2 Rtstrwes Pollcy
The Trustees have examined the kr reservw and e*xsider. givw th• n*wr• of the Clrcult's work
th•ttht gtnernl r¢strv*s sh￿Id b••qtJi¥aloncto rover at least three ffl￿th% norrral expaidlture. Thlsis deemed sufficlenL
51 In tho ovont th¢ a￿Ul£ Ass055rr￿￿n¢ Ir￿￿ churthw ￿￿thin th• ¢Èr¢yit h4X m•r ¢Jr to m••t any unlor4srtAn it&mS ol
major expehdiDJrt on m%nse5 and to be *bl• w ¢￿￿nu9 it) th• shw wm thg funding ofnomMI daily 0xpondi￿re. At 31
Au8USt 2023 the Circuit h*d netfree ￿e*Ve￿ d £68,816 Q022.' net Iree reserves of £105.8741 as I￿1￿*￿$..

NEW RIVER METHODIST CIRCUIT LONDON
Annual Report of the Trustees
For the year ended 31 August 2023
2J
7022
Totd arcult F¥nds
Less.. ￿￿.CUr￿¢￿S￿5
Le5s.' De5watwJ & Resukted lunth
3.076.594
P.945POOI
162.7781
280.159
12M80.0001
194,2851
6e816
105B74
Free Reservei ft*qulrement
3 rr*Jnth'3 budseted roucine eypendinrt
93.7¢)0
89,800
TFie tDJsrees arn aw4r¢ that the current free r4￿¢¥ ire below thè free requIrw￿t and are atdvdy loo￿n&
ways in ￿tt[Ch pady can be restored.
3 Inveitrn•n¢ Pollcy
The Circult currty)dy Ir$VU￿ ¥p*re ￿ndS Ifi barlrkg bank accouThL
4.4 Gran¢$ Pollcy
Th¢ Qrcuii rnakes specThlt grnrtrs ro wpport the ¢ngc4hg th al churrh¢s Withln the tlrtult The p<Aicy of the Clrcuit 1%
to give 8IIDt¥ th• ba￿% that they art subjttr ro annual rv4iew and onty renewed ￿ the basis ¢f rneeting set
Graftrs were granted to t1￿+ thurehes In the cyrrwt financial year to thjnd bulldlni %
Pl*ns for Futur• P•rlodA
The Clrtult pkn$ w contlnue exlstimg Chdsdln acdvldes by prryrfldln¥ Jupp¢)rt w lu nlne m￿ber ¢hurch¥.
The Cirtubt ro 14ce firlancial chalknges du• ro fallifi8 ch￿r(h membership ind th• nwj w hdp finance urKert
building th ar wv¢r•l churche& Whilst Orculf Incwe Is lorecast to be tsrldy unchanged. txpendlwre *lll incrtase
Ippro¥lmatdy 4%. Therekr¢ the Clfculr Leadfnhlp Ttam have made the dilTrcult declslt)n to reduce from 6 to 5 the
number of fvll Um¢ equlvaient ord*intd sraff. Thls should the Grcuit to 8*)ernte a small surplus tr the 2011a4
flnanclal y4r.
Whilst them Is al￿ the po4slbillty d another small deficiL thert w511 be wffjclenr cash r¢s￿e¥ to absorb thls ddclL
Accordin8ty, thé trustyes hivt cwcluded it is apprnpriate to pnpare the 2023 Accwnts m • 8¢ln% concvn basis.
The Trustees are re5PCnsiblt hr th• rqport and the financial In *¢¢4xdance1￿th appllcable law
United Ksngdcm Genertlty Ac¢ept¢d Accounung PTrdicE Charity law in Engl•nd •ttd Wales require5 the Tru5teei to
prepare finlnclal 5tsternents for each fin*nclal year, *thich give a true and &ir of the stare of aff4lr5 of the ¢h3rtty
tl the incoming reswrc¢& 2nd application d rel￿1¢e% c4 the ch8dty tr that year.
In prepa￿￿8 those finan¢W ststementy the Trustee5 irt rtyuir•J
select sui(able acrwnting pc4Kies aThd apply them t￿$1$[¢nrty,.
obs￿¢ the method5 and principles of the Ch*¢iDes SORP,
make judgements and e5rJmare5 th#t arÈ r*asonable and pruden¢
sttte thether ippl1￿ble acc￿￿on% sTrndards have been Id10￿. subject to any dtyarnjres dlsclosed and
eKpl¥in¢d in the fifiancial srat¢mer*ts'. and
prw4re the fin*ncKIl $Tarynenrs ¢n the¥cAngconcern basi5 unlusrt 1siTh*ppropri*tew prtwmethatthe acdvlles
the charfty *lll con￿n￿

NEW RIVER METHODIST CIRCUIT LONDON
Annual Report of the Trustees
For the year ended 31 August 2023
The Trustees are responsible keeping ad￿Ul￿ accounting records. which disclose with reasonable accuracy at
ume the financ￿1 p05ition of the charity an¢J enable5 thwn ro ensure tha¢ the financial statwnents comply with the Chariti
Ae( 2011. the Chlrfty IA¢twnts and Rep¢￿) RegulaiitsTrs 2008 and the provisions ol the governing documenL
Trustw are also re5ponsibl¢ for safeguarding the assets of the charity and hence lor tatring rea5￿able steps for the
prtyendon and d¢t¢CDen of fraud and c¥h*r irrnguFariDvh Th¢Truste*s are r•w%ble fc¢ the mainrenance and int4rity
of the Qrcuit's financial inforn)auon included in the Circui¢s **bsit&
7. ApproTAI
Tht Annual Rtport cl the Truslets ¥prcf¢ed by the artuit C￿￿tIl ort 16th ￿t￿nber 2024 and sl¥ned *Jn Its btha¥
by..
Rtv. Thur*lrniah San￿￿ (Chalr)

NEW RIVER METHODIST CIRCUIT LONDON
Report of the Independent Examiner to the Trustees of New River Methodlst
Circuit London
For the y&v ended 31 August 2023
I report on the financial srarements of the New River Methodist Qrcuit L(￿￿tsn for the year ended 31 Augusr
2023, set ￿tOTr pw 9 10 21
Thi5 report is made solety to the Trustées in accordance with SeC￿On 145 of rhe Ctharitie5 Att 2011 Ithe Artl.
My independenr exarnination has been undertaken ￿ thar I M￿hr srate to the circu￿ Council those matters I
am required to sure to them in an indepen¢knt ￿miner'S report and for ng other purpose. To the full￿(
extent peryntrred by the law. I do not accept responsibility to anyone other than thè Trust and the Trusrees for
my independent examina￿On. for thls repork or the opiniorts I have formed.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The Trustees consbders rhac an audit 15 not required lor this year {under section 144121 of the Acr) tnd that an
independenL examinadon Is need
It is my re$ponsibilÈty w..
Examine the account5 (under 145 of the Attl..
To f¢Jll¥w the procedures laid down ift the General (Xrecrion given by the Charity Commission (under
$8Ction 14515llbl ol the Attl.. and
To state whether parricu￿r matters have come LO my atlenuon.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examinaiion was carried out in accordance with General Direciions gfven by the Charity Cornmi$5ipner5.
An examinatiort includes a revie<¥ of the accounvng records kept by the charity and a comparison olthe 2ccounrs
prÈ5ented with those records. li a150 includes ¢onsiderarlon of any unusual items or dlsclosure5 In the ac¢ouDts.
and seeking explana¢ions fr¢m the Trus￿$ concerning arry suth matters. The P￿edureS uttderraken do not
provide all the evidence would be required in an audiL and £onsequendy I do not express an audtt ¢pinlon
on the ac¢ounu.
INDEPENDENT EXAMINER'S sfATEMENT
I have compleced My Eyamin*tion. I confimi that no materiat matters have come to my attention In ¢onne¢tlon
with th¢ ¢xaminadon p'￿￿8 me cause to believe thai in any material respe¢
. accounting records were not kept in respert of the arcuii as required by Sec￿on 130 of the ACE or
2. the accounrs do nor accord those record& or
3. the actounts do not ¢ompty with the applicable requ1￿MentS concemingthe forn) and content ofaccounts
sec im the Charitles (Accounts Reports) Regulaiion5 2008 other than any rwuirement that the
accounts give a'true and fair View, whith is nor 3 m*tLer ¢onsidEred as of an Indewdent examina￿on.
I have no concems and have come acro55 no other matters in connKrion with th¢ examination ro whlch
attentlon should be drdwn in reporr in to propw understanding of the accounts w be
reached.
John Helm ACA
16 September 2Q24

NEW RIVER METHODIST CIRCUIT LONDON
Statement of Financial Activities (SOFA)
For the year ended 31 August 2023
T<*tsl
2023
Funds
Furlds
Funds
Income FroftL
DoDatyon5 & Le¥xv4¥
Charirabk ACtryit￿s
7.4
353
7,753
336J19
JlJ31
336019
32.322
Invttuwlrs
Total Income
37SJ
JSJ
376.894
Expendture O
R￿sIng Funds
GrAnts & CharftabkGfvlni
3*16
18,0
ISJ67
18,000
240217
240217
Manse Mwt¢nant*
25h35
25,635
t¥strKt Assessn￿nt
•lJ36
76S
Omke Exp4nsé¥
Oth•r
7h98
7h98
31.541
31541
Ttst￿ Exptndltw*
31￿$1
430.459
Gth51ILcrfsesl ￿ lnve5tyrn￿t Prqjwtt
850DXI
8SO,000
Net Incomel(Exp•ndltw•)
io
83l94Z
13&860)
353
791435
Tnnsltrn 8etsveen Fund5
N•t M•v•m*nt In Fund•
827.942
(31.860)
3SJ
796.43S
Tot41 Fund¥ Brough¢ Fonvard
Il•S.V4
I280.159
Tot•1 Fvth C*rrled Forward
4013.81
4I4Z5
353
3.076.594

NEW RIVER METHODIST CIRCUIT LONDON
Statement of Financial Activities {SOFA)
Comparatives for the year ended 31 August 2022
Totsl
Funds
Funds
Fufftds
2022
Income Fyom:
Don￿￿5 & L¢w*s
Charitabk Actr41
662
2.793
361312
In¥estsTrwnu
902
348
1.2SO
Tot•1 I￿oM•
363070
34B
1131
36S.5$5
E¥p•ndltur• On:
Rthing Funds
Granu & CharlEab￿ Gfvknl
86.436
86,436
226.459
226.459
Mans¢ Mahrenan¢¢
2Sts42
25,042
C¥sirict A5se5Sn*nt
94.414
9,936
W44
1478
96.902
Otllce Expen5e5
9.938
973
29217
Totd Exptndltw•
359,165
114.829
I131
476.125
N*t In￿M￿l<EXP￿￿Iturn)
10
{11I4VI)
1110.S701
101.900
{101.9001
Net Movement In
iouii
(216.381>
(110.570)
Total 8rnu8h¢ For*ard
1000,063
310.606
1390.729
Total Cartled FoTrwaYd
1185.074
1280,159

NEW RIVER METHODIST CIRCUIT LONDON
Balance Sheet
As At 31 August 2023
Jrm
Fuhds
Funds
2023
rot
2022
2023
Flxed Amets
TAnOble Rxed AAse
Inve5unentP
1.73OM
ijoo.oc
1,730WO
1,200mO
2.080,000
12
1930.000
2.930.000
2.080.OOQ
15.99S
15.995
19.423
wlth Trus¢¢a lry
Mtthodryt Church Purpo￿5 0ry105
Cenirnl ￿naThCe Pthrd
30.695
30.695
30556
125.648
31.730
157.378
273MIO
8,091
Cash Ai &nka ￿ H￿a
18.459
3$3
18.B12
160.102
62.425
353
222.880
331JBO
Cr￿ltors. An￿￿n**￿￿￿8 Du•
Wlthln On• Year
91.286
91286
68316
61425
353
131594
200,159
Loan5 Rt<qlvable After Mort
Than One Y•
16
15,000
15,000
J.013.114
6142$
JSJ
J.076.$94
210,1$9
Furldi ofth• Clrcult R•pr•￿t•d by
Unrutrkthd
17
3,013.010
61425
2,195874
94.285
D¢$￿#￿1 Fun¢Js IUnrtttrkt•Jl
61425
rot*l Uhr•*kt4d Fund*
3A113J16
6?A2S
J.076.241
2.190.159
R45ts4Ct￿ Fund5
353
Jsj
Totsi Fwsd*
JSJ
3.070&94
12N159
Thefi
l sraw))ty)ty apprtr4•1 by the Trust*s ￿ 16th Septymbtr 2024 and Signed on Its behalf br.
Lorna Thonwknon

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
l. Attountln# PollcS•J
The principal accwnting policies *dopr•Y. ludgemens and sources al ertimatic￿ uncerninty In the PrtP2ra￿tyI of the
financial siaternents are al fdl¢)%YS'.
B*sls ol *eeountlng
The financial 5tsttynents have prepar*J under the Chariw Acr 2011 and in accordance the Charities
ReccKnmended Practice IChari¢i&¥ SORP IFRS 102lland hnancvdl Reptyiing S¢an&rd 102 IFRS 1021. The financial stttemenrs
are dra%*n up on the histweal tosi basis ol accour*tinR ￿cePt for the of freth¢ild L4nd and buildinxswhich are
shown at fair valu&
The finantSal S¢%fty))th)TS includ¢all tsnsactkn& assets and IlabSllrhs for thlch the Clrcul¢ Is responslblt In law. Thw do not
Include the accounts of <hurch grwps that an affilvaiion to another body or tho%¢ that ar• inforTfAI Iatherlny of arttslf
m•nb•rn.
The Cirtult meets th• d•finivon p¥bllc benefit entity uthd•r FRS 102.
Goln8 Concern
There are no miterfal *b¢)ui th• eh*rlw's ablllty ty con¥nue as a ¥alni (￿Cern ahd acee¢dlnity the accwn¢J
have been dra%4n up on a gcAni (0￿Cern ba￿$.
Income MEoqnldon
Vduntary Income and On¢ludln8legacknl ar* *<ctyJnt*4 lor onc* th• Clrcult has enddem•nt w th* IDCfm& Ir li
pr¢bable the In<¢2rnè bt rK4v•d ind the affwnt cl intcrfnt can be rd￿bty ffleasured. Inccrne from the
rexovery ol tax w gbft aid￿ dcnarkffjs Sx irb the period ro which the rel¥¥•nr 0￿*￿0n ts rec￿d. Grantlntomt
Is recogn15ed on a recwvablo basil.
Tht Sncc¢ne from tndln8 lttcludes r•nul kncome frnm the leuin¥ cl Grtuit and freth¢4d land and buildlry
whlch Is accounted Icr •Jrn•d.
lTrt¢re5t ￿ fvnd¥ hdd on deposlt is Included recd¥¥ble and the •w￿unt can be mÈl￿r*I rdthbly by the OrEul¢ th1515
normalty upon notyfi<atyoD c4 th• iht•r•s¢ payabl¢ by the bank
Expendl￿re recognldon
Expendlrvre is accrued 4$ soon as a liability is tonsid•r•J prob*bl& and th• irrwnt d obligation ¢lln bt m*sured rdlably.
L¢nger term liablll￿es are discountsd to pre￿1 Y4lu& The Ortulr is nof wistved VAT and accordlnily expendlturt
intlude* VAT there appropriate.
Charttab￿ Lxpendltyre Includts ¢hosé t*)sts ID fvthlllng th• Clr¢ut¥ prlnclp41 45 oudlrbed In the Report of th• ClrtulL
ThES¢ Include gThnc8 papble and governance costs..
Grnnts pwyabl•arn payments made to thlrd parties in furth•rydDc• d th• Orrulrs ¢bl¥ts. In the case of an uncondition
gr4nr offer thls Is accrued cTrce the recipient ha5 noDfied of the grlni award. The n￿lficatien 8iYe5 the recipient a
sonable expecTation that thry will receive the KrtnL Gr*oTs awards thar sub1￿1 to the recipient frjlfillir
p¥frJrmanre conditions are onty accrued the re(ipitht has b¢•i nrthed of the irantand any remaining unfuthll
condiuon attaching to that gr4n¢ is outsidE ¢)Fthe £￿trol d the QrculL
Governance costs ctymprise all Costs inYdvin8the public 3ccountsbility c4 the Cir(utt 4fid ity c•mpliance*ith reguladon
athd 8¢Jod prt<ticty Thw C¢Xts include costs rdated to the exlminaiion and 14al fee
12

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
l. Atcountlng Polltlts (eontlnu•d)
TanKlble Flxtd Ass
Tangible fixed ¥s*ets are accounted kn *$ frjlow
The Circuit land ind bu*ldings are ststed at hi5tLYi¢ CWL DepTtt*a￿eD ￿ nor provlded as the ￿MIled rnslduai valve 15
considered to be the same or higher than the £arryln8 Yalue of the prLW in th¢ acce￿￿
The cost of lurniwrt. firDngg andequipmenL c4 avdlvegreaTU than £l.000.le5s anyexpecred residual valueare caplttllsed
aTrd deprEciated on a suaighr4ine basis ovar the eff¥DY¢ usethjl lile of the as5eL vknich has been estimated at fiye years.
Investment Propertl
Investment Properd¢s ¥r• profqs4wally ￿lU•d at mark•r ￿l￿e.
D•btor¥
Debrors Included at the arrwn¢ du¢ Pryaymwts *r• ¥al¥wJ a¢the amount P￿Id.
Lo￿5
Where Conce551￿￿ry k4n$11.¢. fre¢ rd interest) av• mid¢ ￿lj¥¢d by) thé Ortult w fiJrth¥ lty th4rftsble purpos14
2nd are repayableafter TTwe than one year. they art Inlo*lty recognis&J at the amount pald lor ￿￿¥*￿1, the carryirq
Alut adjusted ¢n subsequeni years to rdeci rtyaymen¢s Ind any *£crued ini¢re5L adju5t¢d 4Jr iny iryalrnien¢ If nec¢5SIry.
Where th¢r¢ Is objective oYid*£e of Impairmer*4 an immedwte impaimwt I￿ Is recoznised in the of Flnancl
Ac¢vldes. Subsequent rcrfer5a15 d an Imp•irnient Ioss that ¢JbjectyY* rd•t¢ w an o£currin% aftqr th• impiirm•nt lo
was recqnised, are recognIs￿ irNnedtatdy in th? Pin•n¢lal A¢o¥nies.
Cuh at bank and on h*nd
Cash it bank and In hand Intludes cath Ind thorttwm h*hty Ilquld Investments with a short mawrfty dthr•e months or lesi
from the date of *¥qnini d th• deposit
Credltort and provlslon*
Credlr¢rs and proY151ans are recognised whert th¢ C￿rItY has • prwthir irflngkn a partevent that%*ill prcbab
rwuli in tho transhr ¢1 fvnds tg a thlrd pafty and the imryjnt due to setde tht obl￿￿0￿ can b¢ measured or estirr￿tea
rtlla61y. Credlt¢rs and provis*cths are y￿￿nISed a¢th¥r setdernent am¢uiiL
Fund aetounflnl
The fvnd5 held by the Ch•￿￿ art elther.
Unmvicred 8•¢ral frjnds are fiJnd5 *thich can be used *ee•rdaACe￿th the charttlble able£ts at the d15credon of
the rustees.
The Grcuit Trust Fund has Wd• purpoxs ddned In S￿nd￿l Ordw6 and Is ca4oristd as UDr¢Thlet•J.
Dtscretionary Fundi arn knnds wthich have e4rm3rked lor a p1￿Cular project or ￿thout r￿trIe￿nI Or
commiNn8 the hJnds 14*lly. The desitnatity) may b* canc4led by the trnstee5 if they later detide that the Charity
shouhl not proEeed or Continue the use or proiett tr wthich the hjnds were des￿nIted.
Restricted tunds- these are hJnd5 th*¢ ean only be used for parricular resTncted p¥rp05es within the objects ol th•
charity. Restricti￿$ arise 4then by the fijnds are fais&J for partiCu￿r resthcted purposes.
There Mye no Endowrnt Fund&
13

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
l Donatlon$ & L¢ga¢les
Furmh
Funth
Funth
T*lt•l
23
Tot
2•2J
2•2J
2021
J53
7,75)
1793
J53
7,753
2,793
3. Charltable Acthiltle5
Th N•w River M•thoolsi Gr¢￿¢LOndOn ass•55Th￿ &J•fromaxYth•5 ro th• Gro￿[6X thèywwere￿
202)
I￿2
Flnsbwy Pa
Holty Pafk
Ml¢SJe LI
25A
39.346
20A24
21.W2
21,902
Miller Mer￿￿•1
Mwwell Hll
J6.360
36,360
65.754
65.754
16216
kmarks
73.942
Y3.N2
59576
59.576
Wim￿￿bY
17245
27.592
536M19
Churth auewrnnt5 ar• anrthlty when Fw4rfr4the forec￿ Th**MeUr￿l&￿f0r
•*th ¢hwrh I¥￿v￿dent0￿ thB nurnbor oftt5 mEn*er& Wl￿therthere are other Income (church h•ll rtntsl&
thlld ¢*r* r¢ntr¢l or the need forfiAStt* be•Je￿o￿tI5￿w￿Or¢ ￿11&.￿ rwr*nd rt(#)vAfioThwork
Investment¥
Trt
Totsi
1023
20
IntErnst I￿orne
Tn￿eS ltsr MethothsrCFrtwth
991
348
Jrp05es (TMCP)
Central FlrAnce ￿rd
4.956
4,956
902
R•ntal Ihcon*
41 Ajhford A￿nue
26J75
16J75
)U22
1250

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
S. Ralslng Funth
F￿d$
Totyl
20
Totsi
2022
R•htal Pyopotrty
Aynt Fe¢5& Exptn*s
Jlléing Reno¥*uoTr & ReFAfjry
3*16
3J16
I lJ64
I lJ64
86rtJ6
Tru¥tM¥ forM¢th•dknt Cfrwch
Pw••i IYMCP}
AdrnInlM￿￿ FMS
87
3A16
15267
86.436
th• syopery ¢0 the nynirun #anthrd r•wir¢d bdav* itctyjd b• r•Tht4d Th• ax￿￿￿￿ not£*Thllsed
the work outthd natre5ul% in lryYoY￿ rts th* m¢rty.
6. Grants & Chvltable Glvln8
The GredtrradtArAMS (o the loll&*lr¢£hw¢hw conthtrAKl0n5t￿r￿I th?Ir r4wc6v4 1¥JllLlrywo￿&
Tithl
Tot•1
2022
SL Mirkx
Iomoo
WI11￿¥hbY
18mO
Th• F￿th
Furt
Furth
Totsl
Tot
1023
GlYkn¥ to OryanSsatknns
JIWe&n
1131
15

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
7. SAlarles & As%Klated Costs
hjnds
Funds
Totsl
23
2Q22
mlnistrrs￿p¢n¢ts & Allow1￿
Or(ultAdnlAsrdtor
Employels N*doNI
Appr•ntic•thip l•￿•$
P•iwon Con¢n￿¥t￿
173m9
6.146
16.724
876
43.462
173
6.146
1&724
876
52YI
15.621
845
43.462
41.6
240217
240.217
226,459
nurt•rdfiJll ¢tyJrfr¢thE ye4rweY¢'.
. Offlc* Expenses
dA
Fundi
Tot41
2Q2J
Tot
iOZ2
T•l•FI￿
Trtv¢l
Cwrl T*<hA¢4oD E¥p•nthD*•
4.498
4,931
3.981
1704
1704
496
1.026
?￿91
7h98
9,938
9. Other Outgo5ngJ
Fund*
Funds
23
Total
Totsi
2021
Tax
16,gJS
16.93$
Insur*rKe
4.186
1200
4J92
w9￿rchIry¢1
PuNlcaDons & R•#thr*
&adonery& Pos
Gwernance Coms
22fy)
2J78
1378
102
601
1059
960
250
MilCellanEOUS EXp•r￿
4.280
3316
31341
29217
16

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
10. Net £%￿dIt￿re
Thi5 lsststedthr¢lMral
2022
9611
250
I l. TanKlbh FIX￿ Aswts
At I Se￿Mber2D2I
DISpos￿1
Trdrd*rs
At31 Auwrt2023
1.730mO
Accwnulated Deprec￿tI}n
Ai I Sewemhr 2022
c￿rye ForY•ar
At 31 A￿￿1102>
Net BookValu•
At 31 Awit1013
123omo
Ai31 A4utt2022
No depreciidon is provlded on trNilL4n85 uthe UuxeM<￿￿derthÈ(urrtnlr*S1OAl ofthE b￿l￿r¥S1on the
Durin¢ 2022.23. thè mv*t4T41 Asl•ordAYqrw• wa5 r•rluth•dasan Inv•50nWrtFryWty. Nstorfcc•#d¥•wu£350,QD).
ThE FYoperriESmlirffalnedbythe Or¢thAIe".
S6 RedsfoTr NO 7HE
23 BroorTrSeld tsnE. Londorn N134HB
49 Lan•. NIO IQB
J12 Philip ￿e. London. N15 4AB
S W1*￿tr knad. LoTr>)n. N17 6RI
41 Ashford Avenue.
M•is¢
M*
These woptrlesare Undertr￿ IW rthinerthlpdthe Tvwtee56¥MethothstCW FIwp>s

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
IL Invutment Property
41 A4rford Av•
Londoh
CottlvalLAtion
At I Sopronkn 1021
Addmons
Dlsposals
Tr*nrf•r#
3SOMOO
8SOM
At 31 ALVSt 1023
1200
Ae¢umLd&t•d D•w•¢4¢
At15qptoff*¢r2022
Chlrye For Y¢ar
Clsp)Mli
Af 31 Autsm202)
N•t VIJ
At31 Au8Urt2023
At 31 A¥wst2022
Thè woperw w*stAlued tythe pre•¢ry. *1• £1.2fy),CQ)¥rf £l,XQibX.
Th¢ wit•¢7 Yalua￿on pollryls tote cor4errd15Y¢ and th¢ lowy ranA•olthe In the acco¢Jnt&
13. Debtors
Oebtovs
OrculrA51e5wMnts R¢(el￿￿e
1104
PY•pAym•rt*
Pr¢paynMnrS•p[•rrknwSdp￿th
IJA60
19.423
IS.￿5
19.423
18

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
14. Cash At B￿k & On Hand
Uoyth CurrnntAccouM
nder OJrr¢nt+*cw¥
18J12
IS. Crethors- Amounts FalllDg Due Wrthin OM Year
202J
Churth AMeMments Pald ID Attfirt•
Jlldlry Convarrtys P4Nble
arcuiiMenth•r Churth
Man*& General Expu￿5 Pay￿•
enrals Received In A&unce
74.4Q4
90.378
21,462
14MBI
3,793
91.286
16. Loani R•cqlvable After Mty¢ Than One Yév
Sf Mirk'*
Trfnly4t4ow•%
WllloWby Chur¢h
15
JI lo*ni Interex free wlth a termols year5 and arr by 31MAuyrt202&
The arcuitTruth¢i l•ndWillo4htyChurch £l&fK*) fvxury•Dtrwlr•p4lr¥ Al *rALwrft202J. th• thurch
Iw borrowqd É6.C*>)wlth tho Intenkn olbcrnwlr4th• IMknc• 1023.24.
19

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
17. Detalled AnItyS￿ of Individual Fund Mtyvjn￿ts
17a Forth• y￿r ended JI AuKurt 2023
Atjl
Aurtult
(l) Unrwtricted
Ger￿r￿ F￿Trd
Ruerrts Funo
74
375550
(374WI
118J>JD)
Llls
15fftJl
Unr•rtrktsd FwthTotsl
Il85*74
1225550 IMMI)
15fft)1
)￿13￿16
(11) D•S58￿¢•d Fundi
rcuitMadEI Truit lorn
30356
(37XO)I
)omo
IJ87
376
IOA37
8.761
10.468
F￿d
376
R¥rno¥71i Fur
Tr￿nIng Fur
Youth Worf¢ Fwd
8,761
35.468
UnY•itrkt•d FthdsTotsl
94J•S
491
61.42S
(111) Regtrkted Fwids
l)an4dorrffar Extyrml W•Can
353
15)
(Iv) Total Funds
I3￿.159
14M4S91
3J)76591
Fund Mo¥•nwrts ￿MMary
Fun
Fund
Totsl
Totsi
2023
102J
Fthid
118W4
285
Im15?
•)1•41
?￿4>$
F￿dT￿nI[Qr&
{5K4h))
614
J5J
507&514
Notei v•¥avdlTr4tranb
The MansÈ R•palrn & knnowalt r•cthYd £3oftsJfromth• Fwd tofiA
n￿n￿rI￿r￿¢ the C￿￿￿￿￿0fthe reD(￿onWOr￿ at41 A4tsd
Theyouth Fundvar&f¢rrnO C25.Ww the Rwrves FuThd trj hdpfirAnc• ¢ho £M(OJ ts￿r¥•thI Mans*Wrn&

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
17. Detalled An1￿￿$ of lndhTldU￿ Fund movem￿ (contlnued)
17bFortheyeareDded J l AU¥￿t 2022
Atl
AtJl
{1) Unrestrkt•d Fund¥
GeThe￿ Fund
Reserw Fund
63
363J7
{J.wo)
105M
71
Il85JOO
Unr•#vktqd FwKknT•t*l
2WM6J
363A)74
101.9
2.IJ5A74
(M) Dwl8nated Funds
ClrcultMod•l Tru5c 10799
Manse ReF￿r$I R*neW￿sFL￿d
￿￿1¢ Bursary F￿0
Fund
TTriniry Fwd
Youth Fur
RI￿
99.125
33th10
376
IOM36
11761)
16&1561
8&156
30J56
8.188
376
10136
761
J5.468
)6MS•
121.9ty)
159Ql
1121,9001
Uny•ttb4ct￿ FwthTot41
310A66
)48
1114J29)
{ioi.•ty)I
94285
(115) Re¥trkted Funds
DorA￿o￿l0T£¥t*r￿l ChthO•s.All We C
Iiji
i)11
(Iv) Totsl Funth
2)?￿￿
3655$$
{47&1251
I2￿.15*
T4X41
1021
Fund Bal•rKe5 BfwhrF0￿&rd
N•t hcorn¢llFwnthDnl
FA Tr*rtd•rt
2J90.?19
1396M&S
11103701
Gener41 ReyerY¢i F￿d
121.9(WJ
1121.9
C*rri•d For*aYd
I￿7,15•
Th• loll fi￿n￿lI A<couro r•￿rthd £121.%*JdGeTrwzl prtalowityd on
F1¢y￿ChIl A¢￿￿[￿5 IY)FAI andthe BJL4Ke Tl4saTrt)wrtFASfthv bterl reclas*fitdwthe Gemtfal ResETheS Fund
AsMordAver¥Je.
2]

NEW RIVER METHODIST CIRCUIT LONDON
Notes to the Financial Statements
For the year ended 31 August 2023
17. Detalled Analys5$ of l•dlvldual Fund MoYemeo)ts (contlnued)
Dt#<t*tts>ns of the Deslgn•ted Funth are as fr*ltswX:
O) CIrCu￿ Mod•l Ty￿￿. 10799: Th• 15athuiwwatrd byTheTnB*e5forMtthodxthurth Pw ffmcry
T￿ naln ￿j￿￿e￿1th1s uuKi5 w Iwd8raDtshr dwth ￿mI&￿￿￿r￿ FLts*art*fromthe saleolchwch
prO￿r￿25 indaTt held in inrerestbearing nYJrwX¢￿jN
(1￿ Mar&• Repa4M & R4newth F￿th Fundfor the 0frrrW￿lNrl Or¢th[M￿leS and inYe5fftrtprcpert)
1111 Mujlc 8urJzry Fwxk F￿ndS 10 help fir4rf¢ th¢ equ1w￿￿1Trdthe cost01￿￿￿C le51¢n
ft•mo¥akn Funth ro co￿rthe r•wAbcoAwhwb*)vthIMdxthrrth* IhW• ri•nse wlthn the ciTculL
(vl Traknknz Fur￿.. F￿&￿£￿Verthe C¢>Xof￿nil￿lofOTdwft1d layprnath
Youth Fut)&. co¥erthe c05rdyouth p*¢ witran th¢ ¢lrt
18. Related Party Transactlons
The QrcL4tpld'ARG Garthn 0*￿￿. L1,1504kn￿¢2Q22-lJ(10Il.. £65Q)fOrpne￿ garthr¢￿(•￿ Th•
CL¥ryny dirnctoristhè *nof• ¢urrtyrthwthrf•i*•rw*thln the
19. C¥pltal Commltments & ContIn￿¢ Ll•blll¢i
Atth• JIKAwi¢ 1023 the CIrt￿thIS no c*#ol
No <orsdn8•ntllabilI￿••W￿• lthti&*d at 31xAuw2023.
22