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2025-08-31-accounts

LONDON NEW RIVER CIRCUIT 2024-25 FINANCIAL ACCOUNTS

GENERAL FUND
INCOME
Church Assessments
Finsbury Park
Holly Park
Middle Lane
Miller Memorial
Muswell Hill
Ravensdale Road
St. Mark's
Trinity-at-Bowes
Willoughby
Investment Income
Gross Rent: 41 Ashford Ave
Gross Rent: 5 Whitley Road
Interest CFB Account
Donations For New River Circuit
(I) TOTAL INCOME
EXPENDITURE
Staff Expenditure
Stipends & Allowances
Circuit Administrator
Employer's National Insurance
Pension Contributions
Apprenticeship Levies
District Assessment
Manse Expenses
Council Tax
Building & Contents Insurance
Water Charges
Ministry Expenses
Computer & Technology Related Expenditure
Printing, Stationery & Postage
Publications & Reading Materials
Telephone
Travel Expenses
Financial Examination Fees
Miscellaneous Expenses
Investment Property Expenses
Rental Agency Fees
Investment Property Repairs
(II) TOTAL EXPENDITURE
(III) NET INCOME BEFORE FUND TRANSFERS
(IV) Fund Transfers
To General Reserves
To Manse Repairs & Renewals		 2025-26
Forecast
18,000
15,000
21,000
33,000
56,000
14,000
77,000
65,000
15,000
314,000
47,244
20,000
2,340
69,584
0
383,584
-132,409
-15,000
-13,829
-25,575
-664
-187,477
-87,116
-19,048
-5,850
-3,058
-27,956
0
0
-1,500
-6,000
-6,000
-1,008
-4,000
-18,508
-7,986
-2,000
-9,986
-331,043
52,541
-30,000
-22,541
-52,541		 2024-25
Unaudited
25,000
20,824
22,231
36,905
56,100
16,540
76,713
64,044
12,245		 2023-24
Audited
25,000
20,824
21,902
36,360
55,000
16,216
73,942
59,576
15,000
330,601
46,076
0
3,952		 323,820
45,392
0
6,098
50,028
613
381,243
-158,382
-8,488
-18,243
-31,020
-902		 51,490
636
375,946
-148,074
-5,842
-13,948
-36,403
-739
-217,035
-88,396
-14,538
-4,953
-2,654		 -205,005
-94,080
-15,175
-4,458
-3,546
-22,146
-340
-236
-1
-3,743
-1,687
-960
-3,540		 -23,179
-735
-914
-1,679
-5,555
-5,110
-960
-2,993
-10,508
-5,529
-50		 -17,946
-5,447
-2,316
-5,579
-343,664		 -7,763
-347,973
37,579 27,973
-28,592
-9,000		 0
-28,975
-37,592 -28,975

IV) NET INCOME AFTER TRANSFERS -1,002

LONDON NEW RIVER CIRCUIT 2024-25 FUND STATEMENT & BALANCE SHEET

1. MOVEMENT IN FUNDS 2025 - UNAUDITED

1. MOVEMENT IN FUNDS 2025 - UNAUDITED
Fund Name
Income
Expenditure
Aug-24
Balances
Fund
Transfers
Aug-25
Balances
Unrestricted Funds
General Fund
12
381,243
-343,664
-37,592
General Reserves
30,898
0
28,592
Designated Funds
Manse Repairs & Renewals
179
-8,794
9,000
Music Bursary
376
Removals
4,622
Training
8,761
Youth Work
10,468
-3,565
Circuit Advance Fund
31,460
1,467
-889
Restricted Funds
Donations to External Charities
0
1,998
0
0
59,489
59,489
385
376
4,622
8,761
6,903
32,038
53,085
1,998
Total Net Current Assets
86,776
384,707
-356,911
0		 114,572
Church Manses & Rental Property
2,930,000
Circuit Loans Receivable
21,903		 2,930,000
21,903
Total Net Funds
3,038,678
384,707
-356,911
0		 3,066,475

2. MOVEMENT IN FUNDS 2024 - AUDITED

Fund Name
Income
Expenditure
Aug-23
Balances
Fund
Transfers
Aug-24
Balances
Unrestricted Funds
General Fund
1,015
375,946
-347,973
-28,975
General Reserves
67,800
-20,000
-16,903
Designated Funds
Manse Repairs & Renewals
1,288
-40,084
38,975
Music Bursary
376
Removals
10,837
-6,215
Training
8,761
Youth Work
10,468
Circuit Advance Fund
30,695
1,620
-855
Restricted Funds
Donations to External Charities
353
1,241
-1,594
12
30,898
30,910
179
376
4,622
8,761
10,468
31,460
55,866
0
Total Net Current Assets
131,593
378,807
-416,721
-6,903		 86,776
Church Manses & Rental Property
2,930,000
Circuit Loans Receivable
15,000
6,903		 2,930,000
21,903
Total Net Funds
3,076,593
378,807
-416,721
0		 3,038,678
LONDON NEW RIVER CIRCUIT
2024-25 TRIAL BALANCE
1. INCOME & EXPENDITURE
1a. Unrestricted Funds
1.1 General Fund P&L
Donations & Legacies
Donations For New River Circuit
Charitable Activities: Church Assessments
Finsbury Park
Holly Park
Middle Lane
Miller Memorial
Muswell Hill
Ravensdale Rd.
St. Mark's
Trinity-at-Bowes
Willoughby
Investment Income
Gross Rental Income
Interest CFB
SOFA Total Income Unrestricted
Expenditure On:
Raising Funds - Investment Property Expenses
Building Renovation & Repairs
Rental Agent's Management Fees
Expenditure On Charitable Activities
Staff Expenditure
Minister Stipends & Allowances
Circuit Administrator
National Insurance & Employer Levies
Pension Contributions
Apprenticeship Levies
District Assessment
Manse Expenses
Council Tax
Insurance
Water Charges
Ministry Expenses
Computer & Technology Related Expenditure
Printing, Stationery & Postage
Resource Materials & Publications
Telephone
Travel Expenses
Miscellaneous Expenses
Miscellaneous Expenses
Gifts To Individuals - Received
Gifts To Individuals - Paid
Net Gifts To Trustees (Needs to be reported gross in notes)
Expenses To Be Allocated
Governance Expenditure
Financial Examination
1.2 Reserves Fund P&L
Income: Property Revaluation
Expenditure: Grants
SOFA Total Charitable Expenditure Unrestricted
1b. Designated Funds
1.3 Circuit Model Trust: 10799
Circuit Advance Fund: Interest
Circuit Advance Fund: Levies
Circuit Advance Fund: Admin Fees
1.4 Manse Repairs & Renewals Fund P&L
Expenditure: Manse Repairs
Expenditure: Ashford Ave Renovation Work
1.5 Music Bursary Fund P&L
1.6 Removals Fund P&L
Expenditure: Removal Fund
1.7 Training Fund P&L
1.8 Youth Work Fund P&L
1c. Restricted Funds
1.9 Donations to External Charities
Restricted Fund Donations Received
Restricted Fund Donations Paid		 Aug 2024
Debit
Credit
636.21
25,000.00
20,824.00
21,902.00
36,360.00
55,000.00
16,216.00
73,942.00
59,576.00
15,000.00
45,391.94
6,097.73
2,316.00
5,447.04
148,073.52
5,841.80
13,948.20
36,402.88
738.86
94,080.00
15,174.83
4,457.76
3,546.46
734.97
913.96
1,678.50
5,554.79
5,110.27
2,843.34
100.00
50.00
0.00
960.00
0.00
20,000.00
1620.34
767.37
87.48
40,084.44
0.00
0.00
6,215.17
0.00
0.00
1,240.65
1,593.65		 -6,250.00
-5,206.00
-5,585.00
-9,271.00
-14,025.00
-4,135.00
-19,409.00
-16,383.40
0.00

-3,353.23

402.39
10,743.33
0.00
1,361.30
2,132.00
5.46
1,009.00
0.00
0.00
0.00
0.00
0.00
-1,920.00
0.00
-85,537.63
15,653.48

2025
Creditors
2025 Debtors
&
Prepayments
Cash Receipts & Payments
Aug 2024 2024 Rev.
Creditors
2024 Rev.
Debtors &
Prepayments		 CFB
Lloyds
Santander		 Bank
Transfers		 Circuit
Model Trust		 Rental
Adjustments		 2025
Creditors
2025 Debtors
&
Prepayments		 Aug 2025
Debit
Credit
636.21
25,000.00
20,824.00
21,902.00
36,360.00
55,000.00
16,216.00
73,942.00
59,576.00
15,000.00
45,391.94
6,097.73
2,316.00
5,447.04
148,073.52
5,841.80
13,948.20
36,402.88
738.86
94,080.00
15,174.83
4,457.76
3,546.46
734.97
913.96
1,678.50
5,554.79
5,110.27
2,843.34
100.00
50.00
0.00
960.00
0.00
20,000.00
1620.34
767.37
87.48
40,084.44
0.00
0.00
6,215.17
0.00
0.00
1,240.65
1,593.65		 0.00
5,206.00
5,475.50
9,090.00
13,750.00
4,054.00
18,485.50
14,894.00
7,245.00
-620.97
74.52
-13,091.66
1,716.00
0.00
-1,353.32
-2,585.00
-67.97
-1,241.00
843.75
653.24
1,165.88
1,055.55
327.00
1,920.00		 613.20
31,250.00
20,824.00
22,340.00
37,086.25
56,100.00
275.00
16,540.00
81.00
77,636.00
65,533.60
0.00
5,000.00

44,044.00
3,952.32
-50.00

-156,033.59
0.00

-7,162.25
-3,042.00

-18,250.79

-30,567.00

-839.33
-88,396.00
-14,538.49

-4,721.29
-3,497.81
-340.15
-889.35
-1.19
-4,909.05
-2,742.69
0.00
-3,616.99
2,100.00
-2,350.00
0.00
-960.00
0.00
-8,793.72
-3,565.00
1,998.07
0.00		 1,466.53
-786.51
-102.25		 6,006.00
-6,006.00		 -6,250.00
-5,206.00
-5,585.00
-9,271.00
-14,025.00
-4,135.00
-19,409.00
-16,383.40
0.00

-3,353.23

402.39
10,743.33
0.00
1,361.30
2,132.00
5.46
1,009.00
0.00
0.00
0.00
0.00
0.00
-1,920.00
0.00		 Debit
Credit
613.20
25,000.00
20,824.00
22,230.50
36,905.25
56,100.00
16,540.00
76,712.50
64,044.20
12,245.00
46,075.80
3,952.32
50.00
5,529.09
158,381.92
8,488.25
18,242.81
31,020.00
901.84
88,396.00
14,538.49
4,953.29
2,654.06
340.15
236.11
1.19
3,743.17
1,687.14
3,289.99
-2,100.00
2,350.00
0.00
0.00
960.00
0.00
0.00
1,466.53
786.51
102.25
8,793.72
0.00
0.00
0.00
0.00
3,565.00
1,998.07
0.00
85,955.94
-18,959.92
30,013.21
93.54
0.00		 577.77 -85,537.63
15,653.48

New River Methodist Circuit Lo

Statement of Financial Activities (SOFA) for the year ended 31 Augus

Notes
Income From:
Donations & Legacies
2
Charitable Activities
3
Investments
4
Expenditure On:
Raising Funds
5
Charitable Activities
6
Total Expenditure
Net Income/(Expenditure)
7
Transfers Between Funds
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward
Total Income		 £
613
330,601
50,028
381,243
5,579
338,084
343,664
37,579
(9,000)
28,579
2,982,814
3,011,394
Unrestricte
d Funds		 £
-
-
1,467
1,467
102
13,145
13,247
(11,781)
9,000
(2,781)
55,866
53,085
Designated
Funds		 £
1,998
-
-
1,998
-
-
-
1,998
-
1,998
-
1,998
Restricted
Funds		 Total
2025
£
2,611
330,601
51,495
384,707
5,681
351,230
356,911
27,796
-
27,796
3,038,680
3,066,476

New River Methodist Circuit Lo

Statement of Financial Activities (SOFA) for the year ended 31 Augus

Notes
Income From:
Donations & Legacies
2
Charitable Activities
3
Investments
4
Expenditure On:
Raising Funds
5
Charitable Activities
6
Total Expenditure
Net Income/(Expenditure)
7
Transfers Between Funds
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward
Total Income		 £
636
323,820
51,490
375,946
7,763
360,210
367,973
7,973
(38,975)
(31,002)
3,013,816
2,982,814
Unrestricte
d Funds		 £
-
-
1,620
1,620
87
47,067
47,154
(45,534)
38,975
(6,559)
62,425
55,866
Designated
Funds		 £
1,241
-
-
1,241
-
1,594
1,594
(353)
-
(353)
353
-
Restricted
Funds		 Total
2024
£
1,877
323,820
53,110
378,807
7,850
408,871
416,721
(37,914)
-
(37,914)
3,076,594
3,038,680

New River Methodist Circuit London - Aug 2025 Working Papers

Unrestricted
Funds
2025
Note
£
Fixed Assets
Tangible Fixed Assets
8
1,730,000
Investment Property
9
1,200,000
2,930,000
Current Assets
Debtors & Prepayments
10
15,653
-
Methodist Central Finance Board Deposits
115,685
Cash At Bank & On Hand
11
13,689
145,027
Creditors - Amounts Falling Due
Within One Year
12
85,538
Net Current Assets
59,489
Loans Receivable After More
Than One Year
13
21,903
Net Assets
###
Funds of the Circuit Represented
14
Unrestricted Funds
3,011,392
Designated Funds (Unrestricted)
-
Total Unrestricted Funds
3,011,392
Restricted Funds
-
Total Funds
###
SOFA Summary
3,011,394
Investments with Trustees for
Methodist Church Purposes Deposits		 Designated Restricted
Funds
Funds
2025
2025
£
£
-
-
-
-
-
-
-
-
32,038
-
21,047
1,998
-
-
53,085
1,998
-
-
53,085
1,998
-
-
53,085
1,998
-
-
53,085
-
53,085
-
-
1,998
53,085
1,998
53,085
1,998		 Total
2025
£
1,730,000
1,200,000
2,930,000
15,653
32,038
138,730
13,689
200,110
85,538
114,572
21,903
###
###
53,085
###
1,998
###

New River Methodist Circuit London - Aug 2025 Working Papers

2. Donations & Legacies

Donations & Legacies
Unrestricted Designated
Funds
Funds
2025
2025
£
£
Donations
613
-
Legacies
-
-
613
-		 Restricted
Funds
2025
£
1,998
-
1,998		 Total
2025
£		 Total
2024
£
1,877
-
2,611
-
2,611 1,877

3. Charitable Activities

The New River Methodist Circuit London assessments due from Churches to the Circuit for the year were as follows:

Unrestricted Designated
Funds
Funds
2025
2025
£
£
Church Name
Finsbury Park
25,000
-
Holly Park
20,824
-
Middle Lane
22,231
-
Miller Memorial
36,905
-
Muswell Hill
56,100
-
Ravensdale
16,540
-
St. Mark's
76,713
-
Trinity-at-Bowes
64,044
-
Willoughby
12,245
-
330,601
-		 Restricted
Funds
2025
£
-
-
-
-
-
-
-
-
-
-		 Total
2025
£		 Total
2024
£
25,000
20,824
21,902
36,360
55,000
16,216
73,942
59,576
15,000
25,000
20,824
22,231
36,905
56,100
16,540
76,713
64,044
12,245
330,601 323,820

Individual church assessments are reviewed annually when preparing the next year's financial forecast. The assessment levy for each church is determined by the number of its members, if there are other income streams (mainly church rentals) and whether individual church funds need to be deployed elsewhere (building repairs and renovation work).

4. Investments

Unrestricted Designated
Funds
Funds
2025
2025
£
£
Interest Income
-
1,467
Methodist Central Finance Board Deposit 3,952
-
Rental Income
41 Ashford Avenue
46,076
-
50,028
1,467
Investments with Trustees for Methodist
Church Purposes Deposits		 Restricted
Funds
2025
£
-
-
-
-		 Total
2025
£		 Total
2024
£
1,620
6,098
45,392
1,467
3,952
46,076
51,495 53,110

5. Raising Funds

Raising Funds
Unrestricted Designated
Funds
Funds
2025
2025
£
£
Rental Property
Building Renovation & Repairs
50
-
Rental Agent's Management Fees
5,529
-
Administrative Fees
-
102
5,579
102
Trustees for Methodist
Church Purposes (TMCP)		 Restricted
Funds
2025
£
-
-
-
-		 Total
2025
£		 Total
2024
£
2,316
5,447
87
7,850
- 1 Check digit
50
5,529
102
5,681

6. Charitable Activities

Charitable Activities
Unrestricted Designated
Funds
Funds
2025
2025
£
£
Grants & Charitable Giving (Note 6a.)
2,350
-
Salaries & Associated Expenditure (Note217,035
-
District Assessment
88,396
787
Manse Related Expenses (Note 6c.)
22,146
8,794
Ministry Expenses (Note 6d.)
6,008
-
Miscellaneous Expenses
3,290
-
Governance Expenses
960
-
340,184
9,580		 Restricted
Funds
2025
£
-
-
-
-
-
-
-
-		 Total
2025
£		 Total
2024
£
21,744
205,005
94,847
69,479
13,992
2,844
960
408,871
- 1,465
#REF!
2,350
217,035
89,183
30,940
6,008
3,290
960
349,765

6a. Charitable Activities - Grants & Charitable Giving

The Circuit made grants to the following churches as a financial contributions towards their respective building works.

Unrestricted Designated
Funds
Funds
2025
2025
£
£
Finsbury Park
-
-
Holly Park
-
-
Middle Lane
-
-
Miller Memorial
-
-
-
-		 Restricted
Funds
2025
£
-
-
-
-
-		 Total
2025
£		 Total
2024
£
5,000
5,000
5,000
5,000
-
-
-
-
- 20,000

The Circuit made the following charitable donations and gifts to individuals.

Unrestricted Designated
Funds
Funds
2025
2025
£
£
Giving to Organisations
All We Can
- # -
World Mission Fund
- # -
-
-
Gifts to Individuals
2,350
-
2,350
-		 Restricted
Funds
2025
£
-
-
-
-
-		 Total
2025
£		 Total
2024
£
353
1,241
-
-
-
2,350
2,350		 1,594
150
1,744

6b. Charitable Activities - Salaries & Associated Costs

Unrestricted Designated
Funds
Funds
2025
2025
£
£
Minister Stipends & Allowances
158,382
-
Circuit Administrator
8,488
-
Employer's National Insurance Contributi 18,243
-
Pension Contributions
31,020
-
Apprenticeship Levies
902
-
217,035
-		 Restricted
Funds
2025
£
-
-
-
-
-
-		 Total
2025
£		 Total
2024
£
148,073
5,842
13,948
36,403
739
205,005
- Check digit
158,382
8,488
18,243
31,020
902
217,035

6b. Charitable Activities - Salaries & Associated Costs (continued)

No Employee (2024: nil) received emoluments in excess of £60,000 during the year.
Average number of full time equivalent staf employed during the year were:		 2025 2024
5.5
5.5

6c. Charitable Activities - Manse Related Expenses

----- Start of picture text -----
Unrestricted Designated Restricted
Funds Funds Funds Total Total
2025 2025 2025 2025 2024
£ £ £ £ £
----- End of picture text -----

Building & Contents Insurance
Council Tax
Property Repair & Maintenance
Removal Expenses
Water Charges		 4,953
14,538
-
-
2,654
22,146		 -
-
8,794
-
-
8,794		 -
-
-
-
-
-		 4,458
15,175
40,085
6,215
3,546
69,479
#
- 0 Check digit
4,953
14,538
8,794
-
2,654
30,940

6d. Charitable Activities - Ministry Expenses

Unrestricted Designated
Funds
Funds
2025
2025
£
£
Computer & Technology Related Expense340
-
Printing, Stationery & Postage
236
-
Publications & Reading Materials
1
-
Telephone Expenses
3,743
-
Travel Expenses
1,687
-
6,008
-		 Restricted
Funds
2025
£
-
-
-
-
-
-		 Total
2025
£		 Total
2024
£
735
913
1,679
5,555
5,110
13,992
#
- Check digit
340
236
1
3,743
1,687
6,008

7. Net Income/(Expenditure)

This is stated after charging
Independent examiner's fees for reporting on the accounts
Other accountancy or consultancy fees paid to the independent examiner		 2025
£		 2024
£
960
-
960
-

8. Tangible Fixed Assets

Cost/valuation
At 1 September 2024
Additions
Disposals
Transfers
At 31 August 2025
Accumulated Depreciation
At 1 September 2024
Charge For Year
Disposals
At 31 August 2025
Net Book Value
At 31 August 2025
At 31 August 2024		 Circuit
Manses
£
1,730,000
-
-
-
1,730,000
-
-
-
-
1,730,000
1,730,000

The Circuit manses are valued at historic cost as their primary function is to accommodate ordained staff.

No depreciation is provided on the buildings as the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material.

The manse properties maintained by the Circuit are:

23 Broomfield Lane, London, N13 4HB

49 Pages Lane, London, N10 1QB

312 Philip Lane, London, N15 4AB

56 Redston Road, London N8 7HE

5 Whitley Road, London, N17 6RJ

These properties are under the legal ownership of the Trustees for Methodist Church Purposes.

9. Investment Property

Investment Property
41 Ashford Ave
London
£
Cost/valuation
At 1 September 2024 1,200,000
Additions -
Disposals -
Transfers -
Investment Revaluation -
At 31 August 2025 1,200,000
Accumulated Depreciation
At 1 September 2024 -
Charge For Year -
Disposals -
At 31 August 2025 -
Net Book Value
At 31 August 2025 1,200,000
At 31 August 2024 1,200,000

The investment property, situated at 41 Ashford Avenue London N8 8LN, was valued in June 2025, by the rental agents managing the property, at a market value between £1,200,000 and £1,300,000. The Trustees' valuation policy is to be conservative and use the lower range of the valuation in the accounts

10. Debtors & Prepayments

Debtors
Circuit Assessments Receivable
Rental Income Accrued
Prepayments
Manse Building & Contents Insurance
Rental Agent's Management Fees
September Stipends		 2025
£		 2024
£
-
621
1,241
-
17,099
-
-
1,009
402
14,242
15,654
18,961

11. Cash At Bank & On Hand

. Cash At Bank & On Hand
Lloyds Current Account
Santander Current Account		 2025
£		 2024
£
3,438
157
13,689
-
13,689
3,595

12. Creditors - Amounts Falling Due Within One Year

. Creditors - Amounts Falling Due Within One Year
Church Assessments Received In Advance
Circuit Member Church Grant Payable
Manse Expenses Accrued
Ministry Expenses Payable & Accrued
Rental Agency Fees Accrued
Rentals Received In Advance		 2025
£		 2024
£
78,200
-
844
6,837
75
-
80,264
-
-
1,920
-
3,353
85,538
85,956

13. Loans Receivable After More Than One Year

2025

2024

Deferred Interest Free Building Loans to Circuit Member Churches
St Mark's
Trinity-at-Bowes
Willoughby Church		 £ £
4,000
5,000
12,903
4,000
5,000
12,903
21,903 21,903

All loans are interest free with payment deferred until 31st August 2028.

14. Detailed Analysis of Individual Fund Movements

14a For the year ended 31 August 2025

At 1
September
2024
Received
(i) Unrestricted Funds
£
£
General Fund
14
381,243
Reserves Fund
2,982,800
-
Unrestricted Funds Total
2,982,814
381,243
(ii) Designated Funds
Circuit Model Trust: 10799
31,461
1,467
Manse Repairs & Renewals Fund
178
-
Music Bursary Fund
376
-
Removals Fund
4,622
-
Training Fund
8,761
-
Youth Work Fund
10,468
-
Designated Funds Total
55,867
1,467
(iii) Restricted Funds
Donations for External Charities
-
1,998
0
(iv) Total Funds
###
384,707
Fund Movements Summary
Unrestricted Designated
Funds
Funds
2025
2025
£
£
Fund Balances Brought Forward
2,982,814
55,866
Net Income/(Expenditure)
37,579
(11,781)
Fund Transfers
(9,000)
9,000
Fund Balances Carried Forward
3,011,394
53,085		 Expenditure
Transfers
£
£
(343,664)
(37,592)
-
28,592
(343,664)
(9,000)
(889)
-
(8,794)
9,000
-
-
-
-
-
-
(3,565)
-
(13,247)
9,000
-
-
Err:509
0
(356,911)
-
Restricted
Funds
Total
2025
2025
£
£
-
3,038,680
1,998
27,796
-
-
1,998
3,066,476		 Expenditure
Transfers
£
£
(343,664)
(37,592)
-
28,592
(343,664)
(9,000)
(889)
-
(8,794)
9,000
-
-
-
-
-
-
(3,565)
-
(13,247)
9,000
-
-
Err:509
0
(356,911)
-
Restricted
Funds
Total
2025
2025
£
£
-
3,038,680
1,998
27,796
-
-
1,998
3,066,476		 At 31
August
2025
£
2
3,011,392
(9,000) 3,011,393
-
9,000
-
-
-
-
32,039
385
376
4,622
8,761
6,903
9,000 53,086
-
0
1,998
Err:509
-
###
Total
2025
£
3,038,680
27,796
-
3,066,476

Notes regarding transfers:

To be added once finalised

14. Detailed Analysis of Individual Fund Movements (continued)

14a For the year ended 31 August 2024

At 1
September
2023
(i) Unrestricted Funds
£
General Fund
1,016
Reserves Fund
3,012,800
Unrestricted Funds Total
3,013,816		 Received
£
375,946
0
375,946		 Expenditure
Transfers
£
£
(347,973)
(28,975)
(20,000)
(10,000)
(367,973)
(38,975)		 Expenditure
Transfers
£
£
(347,973)
(28,975)
(20,000)
(10,000)
(367,973)
(38,975)		 At 31
August
2024
£
14
2,982,800
(38,975) 2,982,814
(ii) Designated Funds
Circuit Model Trust: 10799
Manse Repairs & Renewals Fund
Music Bursary Fund
Removals Fund
Training Fund
Youth Work Fund
Designated Funds Total
(iii) Restricted Funds
Donations for External Charities
(iv) Total Funds		 30,696
1,287
376
10,837
8,761
10,468
62,425
353
###		 1,620
-
-
-
-
-
1,620
1,241
0
378,807		 (855)
(40,084)
-
- 6,215
-
-
(47,154)
- 1,594
353
(416,721)		 -
38,975
-
-
-
-		 £
31,461
178
376
4,622
8,761
10,468
38,975 55,866
-
0
-
353
-
###

Fund Movements Summary

Unrestricted Designated
Funds
Funds
2024
2024
£
£
Fund Balances Brought Forward
3,013,816
62,425
Net Income/(Expenditure)
7,973
(45,534)
Fund Transfers
(38,975)
38,975
Fund Balances Carried Forward
2,982,814
55,866		 Restricted
Funds
2024
£
353
-353
-
-		 Total
2024
£		 Total
2023
£
2,280,159
796,435
-
3,076,594
£
3,076,594
-37,914
-
3,038,680

Notes regarding transfers:

The Manse Repairs & Renewals Fund received £38,975 from Unrestricted Funds (£28,975 General Fund, £10,000 Reserves Fund), to fund ongoing manse repair work.

14. Detailed Analysis of Individual Fund Movements (continued)

Descriptions of the Designated Funds are as follows:

(i) Circuit Model Trust: 10799: The trust is administrated by The Trustees for Methodist Church Purposes (TMCP). The main purpose of this trust is to fund grants for church building work. Funds arise from the sale of church properties and the proceeds are held in interest bearing money accounts.

(ii) Manse Repairs & Renewals Fund: Funds for the purpose of maintaining the Circuit manses and investment property.

(iii) Music Bursary Fund: Funds to help finance the purchase of music equipment and the cost of music lessons.

(iv) Removals Fund: Funds to cover the removal cost when ordained staff move into a manse within the Circuit.

(v) Training Fund: Funds to cover the cost of training for ordained staff and lay preachers.

(vi) Youth Work Fund: Funds to cover the cost of youth ministry for the young people within the Circuit.

15. Related Party Transactions - to be updated

During the year, a leaving gift of £1,360 was made to Rev. S Poxon & Deacon M Poxon, both trustees of the charity, to recognise their contribution upon departure. This gift was funded by voluntary contributions from Churches within the Circuit but was coordinated and paid through the charity.

A leaving gift of £50 was made to Mr K Coates, a trustee of the charity, to recongise his service as a Circuit Steward. This gift was made from Circuit funds.

There were no other related party transactions during the 2023-24 financial year (2023: £1,150).

16. Capital Commitments & Contingent Liabilities

As at 31st August 2025, or subsequently to the date of the signing of this report, the Circuit has not entered into any capital commitments or has any contingent liabilities.

Total Circuit Funds

Less: Non-Current Assets Less: Designated & Restricted funds

Free Reserves

Free Reserves Requirement:

3 month’s budgeted routine expenditure

2025
£		 2024
£
###
###
(55,866)
###
###
(55,083)
59,489
85,000
30,911
85,000

LLOYDS Cash Income Running Cash Balance:

LLOYDS Cash Income
Running Cash Balance: 13,688.67
Date
Descripton		 Cash Movement To Be Allocated
2-Sep-24
Hughes B&C (Ben & Caroline)
20-Sep-24
Woodhouse Estate - Sep24
1-Oct-24
Woodhouse Estate - Oct24
3-Oct-24
CFB
17-Oct-24
Muswell Hill
22-Oct-24
Ravensdale
30-Oct-24
Woodhouse Estate - Nov24
12-Nov-24
Ravensdale
12-Nov-24
Muswell Hill
13-Nov-24
Holly Park
29-Nov-24
Upper Street Isling. Donaton for whom??
2-Dec-24
Woodhouse Estate - Dec24
2-Dec-24
Cheapside Circuit Advent Service - Donaton fo
2-Jan-25
Woodhouse Estate - Jan24
04.Feb-25
Woodhouse Estate - Feb24
25-Feb-25
Hughes B&C (Ben & Caroline)
4-Mar-25
Woodhouse Estate - Mar24
1-Apr-25
Woodhouse Estate
8-Apr-25
Lloyds Cheque deposit - Willoughby
30-Apr-25
Woodhouse Estate
19-May-25
Holly Park - Easter
21-May-25
Cheque Deposit - Willoughby
30-May-25
Woodhouse Estate
6-Jun-25
TaB -Easter Ofering
11-Jun-25
Easter Ofering
11-Jun-25
Easter Ofering
16-Jun-25
Donatons
19-Jun-25
Holly Park - Gif
30-Jun-25
Cheapside
1-Jul-25
WoodHouse estates
2-Jul-25
Gif
4-Jul-25
Gif - Jonge
7-Jul-25
Holly Park - Jonge
9-Jul-25
Muswell Hill - Rweekes
9-Jul-25
Muswell Hill - Jonge
11-Jul-25
TaB - Rweekes
14-Jul-25
RAV MC
15-Jul-25
Cheque
24-Jul-25
Miller - Rweekes
24-Jul-25
Miller - Collins (Rweekes by mistake)
24-Jul-25
Holly Park - Collins		 100.00
3,388.00
3,388.00
10,000.00
275.00
81.00
3,388.00
30.00
50.00
30.00
1,044.00
3,338.00
r
253.20
3,388.00
3,388.00
100.00
3,388.00
3,388.00
2,500.00
3,388.00
50.00
2,500.00
3,388.00
100.00
120.00
734.07
300.00
50.00
100.00
3,388.00
50.00
350.00
50.00
50.00
100.00
150.00
50.00
150.00
100.00
100.00
50.00
30-Jul-25
6-Aug-25
6-Aug-25
28-Aug-25
28-Aug-25		 Woodhouse
Muswell Hil Donaton		 3,388.00
50.00
Cheque Deposit 400.00
Woodhouse Estate
Santander Account Closure		 3,388.00
157.00
Totals 64,218.27 0.00
Check Digit
0
41 Ashford Church Donatons 3rd Assessment Leaving Gifs Bank Transfer
Rentals Donatons to Partes Adjustments (Miscellaneous From CFB
Circuit Expenses) Account
100.00
3,388.00
3,388.00
10,000.00
275.00
81.00
3,388.00
30.00
50.00
30.00
1,044.00
3,388.00
253.20
3,388.00
3,388.00
100.00
3,388.00
3,388.00
2,500.00
3,388.00
50.00
2,500.00
3,388.00
100.00
120.00
734.07
300.00
50.00
100.00
3,388.00
50.00
350.00
50.00
50.00
100.00
150.00
50.00
150.00
100.00
100.00
50.00
3,388.00
50.00
400.00
3,388.00
44,044.00 613.20 1,998.07 5,356.00 2,100.00 10,000.00

Abbey Natonal Property Account Agency Repairs Closure

-50.00

157.00 157.00 -50.00

LLOYDS Cash Expenditure
Running Cash Balance:
13,688.67
Date
Payee		 Descripton
4-Oct-24
SJ and MA Poxon
4-Oct-24
Rev M Lunn
15-Oct-24
Revd Dr John Amank..
16-Oct-24
London District		 Thurairajah Samuel atendance at the Supers R
13-Nov-24
Rev T Samuel		 Expenses Accrued 2023-24
19-Nov-24
Services
3-Dec-24
Rev M Lunn
3-Dec-24
Ponders End
Circuit Ofsite - Church rental
5-Dec-24
Cheque payment to Jonghi
13-Dec-24
Rev R Weekes
17-Dec-24
Service charges
20-Jan-25
Service charges
18-Feb-25
Service Charge
10-Mar-25
Rev M Lunn
18-Mar-25
Service Charges
20-Mar-25
Trinity at Bowes
22-Apr-25
Mr M S Lunn
22-Apr-25
Service Charges
1-May-25
Mr Rupert Weekes (Sabbatcal expenses)
7-May-25
Francis Iitri
19-May-25
Service charges
17-Jun-25
Service charges
21-Jul-25
Service charges
22-Jul-25
Juicy Roots Ltd
25-Jul-25
Rev M Lunn (Sabbtatcal Expenses)
12-Aug-25
Holly Park
19-Aug-25
Service Charges

Cash Payments Totals Check Digit

2025 Creditors Recognised Payee Descripton 31-Aug-24 Tandem Accounting 2024 Financial Review - Payable 31-Aug-24 Tandem Accounting 2025 Financial Review - Accrued

Creditors Total

31-Aug-24 Trinity AT Bowes Doc 1. Centre Plus admin support 1st Apr-31
31-Aug-24 Trinity AT Bowes Doc 1. Mobile Phone (Sep23-Aug24, 12mths x
31-Aug-24 SJ & MA POXON Doc 2. Various Items
31-Aug-24 Rev T Samuel Doc 3. Various Items
31-Aug-24 Rev T Samuel Doc 4.Various Items
31-Aug-24 Tandem Accountng 2023 Financial Review
31-Aug-24 Tandem Accountng 2024 Financial Review
31-Aug-25 Thames Water Accruing 5 propertes x £675 x 3month/12mon
31-Aug-24 Rental Agency Fees Accrued 4 days accrued 4/31 x £462 agent fees = £59.6
Staf Manse Expenses
Cash Movement To Be Allocated Admin Support Council Tax
Insurance
Water
-658.08
-243.20
-32.70
-201.00		 -3,042.00
-855.39
-8.50
-206.56
-450.00
-200.00
-368.15
-10.35
-19.39
-8.50
-259.21
-8.50
-3,490.40
-266.76
-8.50
-559.17
-512.25
-9.35
-8.50
-9.35
-120.00
-600.00
-82.50
-20.70
-53,967.73 0.00
-3,042.00		 -14,538.49
-4,721.29
-3,497.81
0.00 Payment Date
-960.00
-960.00
0.00

-1,920.00

0.00 0.00 0.00 0.00 0.00

-1,716.00 -108.00 -658.08 -1,580.20 -855.39 -960.00 -960.00 -843.75 -59.61

Ofce Expenses Ofce Expenses
Telephone Resource Travel Printng Costs Statonery & Computer & IT
Materials & Postage Related
Publicatons
-319.88 -268.20
-26.10 -4.04
-598.39
-69.80
-45.00 -244.15 -21.50 -32.50
-192.20
-162.00 -14.40 -18.00
-16.19 -123.40
-120.00 -182.28 -99.99
-4,909.05 -1.19 -2,742.69 -99.99 -789.36 -340.15

0.00 0.00 0.00 0.00 0.00 0.00

Rev Samuel
Rev C Haines
Rev M Lunn		 Rev Samuel
Rev C Haines
Rev M Lunn		 Rev Samuel
Rev C Haines
Rev M Lunn		 Rev Samuel
Rev C Haines
Rev M Lunn
Investment Manses
Misc & Other
Financial
Examinaton
Fees		 44 Ashford
Avenue		 23 Broomfeld
312 Philip
49 Pages Lane
-70.00
-213.06
-32.70
-201.00
-257.00
-8.50
-136.76
-450.00
-200.00
-25.00
-10.35
-19.39
-8.50
-67.01
-8.50
-254.00
-127.17
-8.50
-559.17
-109.98
-9.35
-8.50
-9.35
-120.00
-600.00
-82.50
-20.70
-960.00
-3,616.99		 0.00 -50.00
-3,284.72
-50.00
-960.00
-960.00		 -8,793.72

-1,920.00 0.00

Rev R. Weekes Rev F. It ri

Rev R. Weekes
Rev F. It ri
5 Whitley
56 Redston		 Grants
Restricted
Funds:
Donatons 3rd
Partes
Transfer to
Santander
Willoughby
Loan?
-434.00
-4,975.00		 0.00
0.00
0.00
0.00

0.00 0.00

Loans Youth Work One Of Gifs to Commentary
Fund Payments Individuals
0.00 -3,565.00 0.00 -2,350.00

0.00 0.00 0.00

CFB Cash Income

Running Cash Balance: 138,729.71

Date Cash
Movement		 Finsbury Park
Holly Park
Middle Lane
Muswell Hill
Miller
Memorial
12-Sep-24
30-Sep-24
31-Oct-24
25-Nov-24
30-Nov-24
31-Dec-24
31-Jan-25
24-Feb-25
28-Feb-25
31-Mar-25
30-Apr-25
23-May-25
27-May-25
31-May-25
30-Jun-25
31-Jul-25
27-Aug-25
31-Aug-25		 6,250.00
417.31
296.77
80,265.15
262.03
398.42
305.58
80,265.15
255.80
407.00
306.96
74,015.15
6,250.00
308.15
396.03
321.40
80,264.40
276.87		 6,250.00
6,250.00
5,206.00
5,585.00
9,271.75
14,025.00
6,250.00
5,206.00
5,585.00
9,271.75
14,025.00
5,206.00
5,585.00
9,271.75
14,025.00
6,250.00
6,250.00
5,206.00
5,585.00
9,271.00
14,025.00
Totals 331,262.17 31,250.00
20,824.00
22,340.00
37,086.25
56,100.00
Check Digit
0.00
Ravensdale Rd. St. Mark's Trinity-at- Willoughby Interest
Bowes
417.31
296.77
4,135.00 19,409.00 16,383.40
262.03
398.42
305.58
4,135.00 19,409.00 16,383.40
255.80
407.00
306.96
4,135.00 19,409.00 16,383.40
308.15
396.03
321.40
4,135.00 19,409.00 16,383.40
276.87
16,540.00 77,636.00 65,533.60 0.00 3,952.32
CFB Cash Expenditure
Running Cash Balance:		 CFB Cash Expenditure
Running Cash Balance:		 138,729.71 138,729.71 138,729.71
Date Cash
Movement		 To Be Allocated Stpends
Superintendents'
Allowances
(Reported in P&L
Stpends)
Pension
Contributons
9-Sep-24
26-Sep-24
27-Sep-24
1-Oct-24
28-Oct-24
29-Oct-24
25-Nov-24
26-Nov-24
9-Dec-24
23-Dec-24
24-Dec-24
24-Jan-25
27-Jan-25
24-Feb-25
25-Feb-25
7-Mar-25
21-Mar-25
24-Mar-25
25-Mar-25
10-Apr-25
24-Apr-25
25-Apr-25
25-Apr-25
12-May-25
23-May-25
27-May-25
27-May-25
9-Jun-25
10-Jun-25
24-Jun-25
26-Jun-25
27-Jun-25
10-Jul-25
23-Jul-25
26-Jul-25
29-Jul-25
11-Aug-25
26-Aug-25
29-Aug-25
29-Aug-25		 -22,099.00
-18,207.80
-73.19
-10,000.00
-17,029.98
-67.98
-17,029.98
-67.99
-22,099.00
-17,029.98
-67.97
-17,029.98
-67.96
-17,029.98
-68.14
-22,099.00		 -12,925.00
-1,201.66
-2,585.00
-12,925.00
-166.66
-2,585.00
-12,925.00
-166.66
-2,585.00
-12,925.00
-166.66
-2,585.00
-12,925.00
-166.66
-2,585.00
-12,925.00
-166.66
-2,585.00
-240.00
-12,926.40
-166.66
-2,585.00
-12,926.40
-166.66
-2,585.00
-12,926.40
-166.66
-2,585.00
-12,926.40
-166.66
-2,585.00
-12,926.40
-166.66
-2,585.00
-10,660.00
-83.33
-2,132.00
-240.00
-17,403.41
-67.98
-2,389.25
-17,403.41
-10.66
-67.98
-1,193.25
-17,403.41
-5.46
-67.97
-22,099.00
-1,193.25
-5.46
-17,403.41
-67.98
-1,193.25
-5.46
-67.98
-17,403.41
-1,193.25
-5.46
-14,236.63
-53.71

----- Start of picture text -----
Totals -311,248.96 0.00 -153,082.00 -2,951.59 -30,567.00
Check Digit 0.00
----- End of picture text -----

Apprenticeship Levy is an amount paid at a rate of 0.5% of an employer’s annual pay bill.

Natonal Insurance Apprentceship Circuit London District Transfers to Lloyds
Contributons Levy Administrator Account
Salary
-22,099.00
-1,496.14
-73.19
-10,000.00
-1,353.32
-67.98
-1,353.32
-67.99
-22,099.00
-1,353.32
-67.97
-1,353.32
-67.96
-1,353.32
-68.14
-22,099.00
-1,725.35
-67.98
-2,389.25
-1,725.35
-10.66
-67.98
-1,193.25
-1,725.35
-5.46
-67.97
-22,099.00
-1,193.25
-5.46
-1,725.35
-67.98
-1,193.25
-5.46
-67.98
-1,725.35
-1,193.25
-5.46
-1,361.30
-53.71

-18,250.79 -839.33 -7,162.25 -88,396.00 -10,000.00

Transfers to Miscellaneous Unknown (P&L Santander Account Stpends)

Payroll Admin Charge

0.00 0.00

Santander Cash Income
Running Cash Balance:
Date
Descripton		 Santander Cash Income
Running Cash Balance:
Date
Descripton		 0.00
Cash Movement
To Be Allocated
41 Ashford
Rentals
Donatons 3rd
Partes		 0.00
Cash Movement
To Be Allocated
41 Ashford
Rentals
Donatons 3rd
Partes		 0.00
Cash Movement
To Be Allocated
41 Ashford
Rentals
Donatons 3rd
Partes
Cash Movement To Be Allocated
Totals 0.00 0.00 0.00
0.00
Check Digit 0.00

Church From Lloyds From CFB Donatons to Account Account Circuit 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Santander Cash Expenditure
Running Cash Balance:
Date
Descripton		 0.00
Cash Movement
To Be Allocated
Ashford
Property
Building Work		 0.00
Cash Movement
To Be Allocated
Ashford
Property
Building Work		 0.00
Cash Movement
To Be Allocated
Ashford
Property
Building Work
Cash Movement To Be Allocated
28-Aug-25
Account Closure
(Funds transferred to Lloyds)		 0.00
-157.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Totals 0.00 0.00
General Manse Council Tax Telephone Gas Water Insurance
Repairs &
Expenditure
0.00 0.00 0.00 0.00 0.00 0.00
Printng Costs Postage & Travel Audit Fees Security Computer & IT
Statonary Related
0.00 0.00 0.00 0.00 0.00 0.00
Publicatons & Misc & Other Bank Fees Grants Lloyds Transfer
Reading
Materials
-157.00
0.00 0.00 0.00 0.00 -157.00

0.00