Church Accruals Accounts 2023-24 THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2024 Archway Central Hall Methodist Church Registered Charity - Registration number: Circuit No: 1137164 35111 Minister Revd Anne Lawrence MA. Church Stewards Peggy Dofoo Nana Brako Helena Korankye Veronica M6r8dith Jeanetta Bradshaw Agnes Boamah Ola Williams Church Tr8asurer Tina Williams Archway Central Hall Methodist Church TRUSTEES, ANNUAL REPORT Strurture, Governance and Management The governing document of Archway Methodist Church is the Deed of Union119321 and the Methodist Church Art (19761. Previously excepted from charity re8istration, Archway Methodist Church registered as a charity in July 2010 under the requirements of the Charlty Act 2006. The Managing Trustees of Archway Methodist Church are the member5 of Church Council 18 years of a8e and over. The constitution of the Church Council, which 15 laid down by the Constitutional Practice and Discipline of the Methodist Church, consists of the ministers of the circuiL stewards and representatives elected by the annual General Church Meeting and officers appointed bythe Churth Council. Archway Methodist Church is one of four local churches vjhlch are grouped together as the Islington and Camden Mission fjrcuit. Aims and Organisation Our Mission Statement Archway Methodlst Church Is a Christlan thurth and its members are committed to the service of God. the communlty and each other. through the relevant application of Biblical beliefs to contemporary life and living. We seek to:_ Offer opportunities for worship. prayer and fellowship in the name of the Lord Jesus Chrls( Share our belief that faith in Jesus creates real opportunities for positive change in people's lives, Encourage all people to lead creative and responsible Ilves through the enabling power of the Holy Spirit. Make the presence of God known within the communitythrough love ofour nelghbours and serwicetothe neighbourhood throughout North London. Maintsin Archway Methodist Church premises forthe use of the Church and community. Contribute to sustain of Methodist wark throughout London Boroughs of Camden and Islington and the London Methodist DistricL Make welcome all people, irrespective of age, race, faith lor no faithl, gender or sexual orientation. Culture of Welcome and Inclu5iOll: The Church Council has for many years adopted the 'Culture of Welcome,, which reads.. Archway Methodist Church seek5 to create a culture of welcome and inclusion by being: Welcoming and Be*riending- All are made welcome and are greeted upon arrival. Those worshipping at the church for the first time are introduced to a regular attenderwho showsthem the way tothe worship centre and, ifthey wish, stsv with them durin8 the Se￿1￿. The duty Steward begins worship by Wel￿mIng everyone. Respettful-all are treated with respecL Equality, diversity and inclusion is at the heart of all our worship and fellowship. Hospitable- all are invited to share in regular activities. shared meals. and seasonal celebrdtion5, Caring- for all our people. Our Minister and Church Pastoral visitors take care of all those attending church, members and adherents, and are encouraged to visit those need. in Review of tho year As the current chairof the trustees, l am happy to rep.ortthatwe continue to meetthe core charitable activities of the church. Archway Methodlst Church was built on a strdtegic site at the junrtion of five major roads. In the late 20th Century the church found Itself on an island formed by the Archway Gyratory system rather than at a crossroads. The completion and opening of the Navig2tor Square in front of the d)urch's main entrance re-enforces our positlon at the centre of the Archwaylupper Holloway neighbourhood and places us at the heart ofthe community. Our premises are used by a wide range of community 8roup5- some thirty in all. including several Christian church and ministries that meet for worship or prayer. The Eritrean orthodox Church and COGIC continue to worship on Sundays in the Wesley Chapel. The Church Council is exploring howwe make use of our downstairs spaces during the week. and in particular the development of a community hub open to all, as a warm space, a creative space and space sued in partnership wlth local community projects. In early 2025 refurbishments have been undertaken in the foyer to install two accessible toilets, a new kitchen hub, and new lino on the floor. A5 well as giving us valuable Ilnks to the local community, and bringing hundreds each week into the church premises, our weekly and monthly hirers provide a m05t useful source of income- £124,823 In the past year. In re￿ntYearS the weathering and wear and tearon the exteriorof the buildlng has caused increasing difficulties with water ingress inslde the building causing damage. and cracking of the faGade on the front and side of the building requiring remedial repairs, This together with genoral issues around pointin8 and resealing the walls means that plans are underway in 202512026 to renovate the exterior of the building together with some less extensive Interior renovation work5. This will require conslderable fundraising efforts and the support of the Methodist Church Connexion and local Authorities and other organi5Otions. Our charfty shop Second Chance continues to flourish. There is now a fully compliment of staff with the manager and two deputy managers and they have spent considerable time working on reorganislng the storage of items in the basement. The Glfts Committee wa5 able to meet in January 2024 and arranged the distribution of shop profits from 2023124. The profits from the current year will be distributed in April 2025. In the summer of 2025 Second Chance will celebrate its 30th anniversary with a weekend of activities in the Square, the shop and the church to give thanks for all that has been made posslble through the Second Chance Charwty Shop. There is a claim fordamages agalnstArchway Methodist Church by one of its tenants which is due to be heard later in 2024. The financial cost of this will be borne by Methodist Insurance who are tsklng a lead in the case. We are blessed with beautiful flowers every week at worship which are a feast for the eyes. We meet in fellowship after our services where refreshments and homemade snacks are a feast for the tastebuds. Stewards and Communion Stewards have their own vital role5 to play. It is a privilege to work wlth such a team in leading the worship of the 'People called Methodists, in Archway. Revd Anne Lawrence MA Minister of Church ond Choir of the Trustees Income trends Church income is primarily drawn from the Sunday collections and Gift Aid tax credtt, hall letting income paid by the congregatlon and Èxternal users of the building, the rental income from the lease of part of the second floor of Central Hall BuildinE5. the rental income from an Investment property {8 Flower Mewsl, and a proportion of the rental income from the shop units at Central Hall Buildings. It has been agreed with London Committee of the Methodist Church that this will be the last year In which the Archway Methodlst Church will send a 50% of the income from the rental income from the shops with a final payment of £43,726.53. Thi5 is shown as creditor in the balance sheet and wlll be paid in the 2024125. The net profit from the Second Chance Charity Shop is distributed to a range of local, national and intemational charities, including some Methodist charitie5 Wlth a small part being retained a5 working capitsl and against future development of the shop. The hall lettin£s income relate5 to the hire of church ha115 to various 8roups in the community. Total glving {including weekly offertory. Anniversary giving, donations, contribution from the Circuit towards administration costs and legaciesl showed an increase15%1. Gift Ald was collected for the year and is up to date . Lettings and Rental Income from all sources has increased by 45%. The Charity Shop sales for the year 202>24 increased by £9,40016%) compared to the prevlous year. The volunteer5 remain very loyal and extremely hard worklng. We are grateful to our shop managers and volunteer vmrkforce. We are dependent on donated 800d5 whlch are the life blood of the shop and are grateful to all who donate. We continue to review our pricing policy in order to stay ahead of the competition, A 8rant of £5.000 from the local authority was obtained for improvement5 to the shop lightlng The Church continues to be well used by outside organisations. The premises are nearly full on weekday evenings and weekends and we have seen increased use during the day. The building is being used adequately to provide Income for its upkeep. We continue to promote our building as a place where the local community can meet,. which includes detai15 bein8 place on the Circuit web site. The ground floor shops continue to give u5 much needed Income. Shop rents are reviewed regularly as leases allow. endlture trends The major cost to the church is In relation to the assessment pald to the Islington and Camden Circuit. This was reviewed during last year by the Circuit and an increase has been agreed to £53,856 pa. The increase took effect from the second quarter of the year under consideration. A significant amount of the Circult assessment IS Used to pay the District assessment, stipends and related costs to Ministers. Our payroll (rel*ing to lay employees) decreased by 4.4% over the previous year as the number of shop manager5 employed was not three throughout the year. As approved bv the Church Council, all staff are paid 20% or 25% above the London Living Wage {LLWI, depending upon role. The LLW is reviewed in November each year and applied from I December. An increase was made to the attendnce allowance for the shop volunteers, as this had not been change for more than 10 years. This added to the increase In the number of volunteers working In the charity shop increased this payment by 91%. Our donations to Connexional (Methodist Church) fund5 and other charitable funds was supported by the Charity Shop this support has reduced to £3,500 with a further £3.500 being providedfrom Church funds. Throughout the year the congregation made personal donatlons as well. Professional Fees are charged by our Solicitors and Managing Agents for lease renewals etc., by our Auditor and the monthly subsciption to QuickBooks. We continued with our pmgramme of maintenance and repair5 doing essential work when necessary and as fund5 allowed. Expenditure on church repair5 decreased by 13.3%. This varies from year to year depending upon the repair projects that are being undertaken. The church has now engaged a handyperson to undertake oddjobs. It Is envisaged that a major refurbishment of the facial of the Church, the window5 and other areas which will incur signiflcant expense and for which the church will need to employ property profe55iona15 and seek grants to fund the work. The Gifts Committee was able to meet in November 2023 and dlstributed the profits of the shop for the years 2022-23 totalling £40,250. This was an increase on previous year whe there was an exception costof an Employment Legal Settlement. We continuo to promote the need to keep costs down, reducing carbon emlssion and energy costs. There was a reductlon of 28.5% in our Busine55 Rates and Waste Management Cost. This cost is contraolled by the local authority. Utillty costs showed an decrease by 12.5% as Cost of electrlcity and gas have reduced. The increase in Other Expenditure Is due to the cost of running the Warm Space on Thursday5 which is now well attend by those seeking the thurch's hospitality and pastoral care. Overall, income has increased by 24.8%. whlle overall costs increased by 5.8%. Fund balances As at 31 August 2024 the net current a55ets of the Church, excluding those retsined in respect of the charity shop. were £404k giving approximately 17 months, cover of expenditure. Comments The accounts show a increase of £63.360 in totsl church funds. However, if the charity Shop income and expenditure 15 excluded {the profit of whlth is distributed to local. national and International charitles) this shows aincrease in total church funds by £32.203. This is largely due increase in the use of the church halls. We have continued to use QuickBooks which the former administrator is maintaining. It continue5 to prove useful in managing the workload involved in preparation of the accounts. The Church Council opproved measures, to ensure that all payments are raised and authorised againsi Invol￿ or. in the case of donations to charities and payments to other Methodist funds, paid to the named charity or funds with receipts requested, are belng carried out in full. The Church Council have approved the continuation to the appointmentof Newman Morris to examinethe church accounts. Plans for 2024125 The Twstees are in course of preparin8 a budget for 2024/25. The Trustees are looklng to employ a bookkeeper to replace the work undertsken by the former administrator. Archway Central Hall Methodist Church Trustee'5 Annual Report on finance and Govemance Basis of preparatlon and legal framework The Charity's annual report and accounts for the year ended 31 August 2017 have been prepared in accordance with the Charities Act 2011 and the Charities: Ststement of Recommended Practice 2015 as applicableto the Financial ReportingStandardlFRSSEI 2015 Full Name of Church: Archway Centrdl Hall Methodist Church Registration Charity Number: 1137164 Date of registratlon: July 2010 Main communication address { Church office ) Archway C105e. Archway. London. N19 3TD The members of the Archway Central Hall Methodist Church Counol are the Charity Trustees, membership being made up ofthurch office holders. Minister and representatives appointed bv the church at the Annual General Meeting. Full list of Church Council members and key lay employees are shown as Appendix A to this report, Treasurer: Mrs Tlna Williams Independent exarniner: Mr Christopher Morri5 ACA of Newman Morris Investment Bankers: Central Finan￿ Board of the Methodlst Church Trustees for Methodist Church purposes Archway Central Hall Methodist Church Aim5 and organisation The purposesof the Methodlst Church are and shall be deerned to have been since the Date of Union the advancement of- al The Christian faith in accordance wwth the doctrinal standards and discipline of The Methodist Church; b) Any charitable purpose for the time being of any Connexional, District, Circuit. local or other organisation of The Methodist Church; cl Any charitable purpose for the time being of any society or institution subsldiary or ancillaryto The Methodistchurch: dl Any purpose for the time being of any charity being a charity 5ub5idiary or ancillary toThe MethTrai5tChurch When plannlng our attivities for the year. the trustees have considered the Commi55ion's guidance on public benefit and, in particular, the specific guldance on charities for the advancement for reliEion. We endeavour to help everyoneto live outtheirfaith as part of our church community through.. - - The provision of weekly act5 of worship, Bible study and fellowshlp opportunities. Maintaining rooms and halls for use by local organisations. Running a charity shop which provides low-cost clothes and goods for the public and enables u5 to make donations to local. national and international charities and people in need. To facilitate this worl it is important that we maintain the fabric of the Archway Central Hall Methodist Church ènd its premises. Public Benefft We confirm the trustees have had regard to the Charity Commission's guidance on public benefit. Structure, Governance and Management - The govemlng documenttor the church is the Deed ot Union11932) anij Methodist Church Act 11976) Detailed governance arrangements are outlined within the Constitutional Prartice and Discipline of the Methodist Church by order of the annual conference (CPDI. Day to day management ofthe church is undertaken by the Church Leadership team alongwith the Minister. - The Trustees are appointed at the AGM of the church. Trustee Tralnlng A ran8e of 8uidance produced by Methodist Connexion to support the effective running ofthe church and the role of Trustees is given to the Church Trustee5 at various meetings, on-line courses and training sessions. Related Parties The Church is part of the Islington and Camden Mission Circuitwhlch is part of the London Distrlrt and Is also accountable to the Methodist Conference. The Church paid to the Islington and Camden Circuit by way of its annual assessment £44,8801£42,744), The annual as5e55ment is used to pay the stipends of Its mlnlsters and the costs of CircuiL District and Connexional administration. Archway Central Hall Methodist Church Risk ManagÈm@nt When the buildlng has been open. the church premises are widely used throughoutthe week by people of all ages and abilities. The trustees take very seriously all aspects of risk management {Including a Risk Assessment for covir>191 and annually review its risk assessment to ensure systems are In place to mitigate any significant risk that may arise. In particular. special attention 15 given to the 5afeguardin8 of chlldren and vulnerdble adults,. and an independent access report ha5 reviewed matters covered by the Disability Discrimination Act 1995. Safeguarding Every person has a value and dignity which comes directly from the creation of male and female in God's own image and likeness. Christians see this potential as fulfilled by God'5 re**z**|"C.,
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**2023-24**
**E**|||**Total**
**2022-23**
~~E~~|| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Income and Endowments from:**||||||||||| ||**Donations and legacies**
**• Collections and Gift Aid**
**- Donations**
**- Circuit Contfibuf1on to Administration**|**4**|**18,268**
**264**
**3,696**|||**-: --**
**.**
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**.**
**., ·**
**-**
**•**|**27,228**
**18,268**
**264**
**3,696**|||**25,921**
**14,802**
**3,696**|| |**• Grants**
**- Legacies**
~~—_————~~|||**5,000**||||**5,000**||||| ||**Charitable activities**|s||||:::_.
__ -_--•-•·|**35**|||**.**|| |**- Fund raising**
**• Others**
**35**
**Other trading activlties**
**6**
**- Lettings**
**203,396**
**• Charitv Shop Income**
**147,260**
**Investments & Interest**
**7**
**16,625**
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**20**
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**35**
**350,656**
**278,041**
**203,396**
**140,215**
**147,260**
**137,826**
**16,645**
**12,167**
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~~a~~|||||||||||| ||**Other**
**8**
**- Internal organisations**
**- External Organisations**
**351**
~~———~~||||||**351**|**351**||**.**
**341**|| ||**Total**||**394,895**|||**20**|**394,915**|||**316,470**|| ||**Expenditure on:**
**Salaries, NIC & Pension costs**
**11**
**88,299**
**Circuit Assessment**
**51,612**
**Maintenance on Church building[s) and property**
**49,275**
**Maintenance on Leasehold Property**
**Cleaning Costs**
**17,606**
**Rates & Council Refuse Services**
**1,984**
**Telephone, Computer & Internet Costs**
**6,844**
**Utilities (heat and light, water, etc)**
**24,297**
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**88,299**
**92,319**
**51,612**
**44,880**
**49,275**
**56,846**
-
**17,606**
**17,203**
**1,984**
**2,774**
**6,844**
**6,795**
**24,297**
**27,775**
~~————~~
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~~ee oe~~||||||||||| ||**Insurance**||**15,095**|||~~oc:-:~~
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**15,095**|**095**||**12,309**|| ||**Bank& Credit Card Charges**||**2,564**|||**.**|**2,564 **|**4**||**2,324**|| ||**Professional & Legal Fees**||**2,877**|||-:.--..:|**2,877**|**2,877**||**4,089**|| ||**Music Expenses ('incl Musicians Fees}**
**Subscriptions & licences**||**2,600**
**1,205**|||**. <••·· :, ...**
**.- : • .- "';>:**|**"';>:**
**2,600**
**1,205**|**205**||**2,700**
**900**|| ||**Depreciation**
**Bad Debt Written off**|**12**||||.·-,·: ~~,:.~~}:
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**; ··-:**||||~~.~~|| ||**Grants and Donations**||**47,752**|||**100**|**47,852**|**852**||**31,750**|| |**Printing, Post & Stationary**
**4,010**
**Volunteer's Expenses (Charity Shop)**
**10,287**
**other expenditure**
**4,799**
**- External Organisations**
**351**
**Total**
**331,456**
**Net lncome/(expenditure)**
**63,440**~~.~~
**Transfers between funds**
**Net Income after transfers**
**63,440 •**
**Other recognisedgains/ (losses): **
**Gains/[Losses) on revaluation of fixed assets**
**Gains/(Losses) on investment assets**
**100**
**80**
BO
**4,010**
**3,379**
**10,287**
**5,386**
**4,799**
**1,784**
**351**
**213**
**331,556**
**313,426**
**63,360**
**3,045**
**63,360**
**3,045**
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[sw||||||||||||| ||**Actuarial gains /(losses) on defined benefit pension**||||||||||| ||**schemes**||||||**.**||||| ||**Net movement in funds**||**63,440**|||**80**|**63,360**|**360**||**3,045**|**045**| ||**For information only Money received and passed on to External Organisations**|**For information only Money received and passed on to External Organisations**|||||||||| ||**Balance brought forward from last year**||||||**168**|**168**||**40**|**40**| ||**Offerings/Gifts• received for External Organisations**||||||**351**|**351**||**341**|**341**| ||**Offerings/Gifts• passed to External Organisations**||||||**351**|**351**||**213**|**213**| ||**Balance carried forward**||||||**168**|||**168**|**168**| **10** Archway Central Hall Methodist Church Balance Sheet as at 31 August 2024 Unrésiricted Desl8nated {UnrÈstrfdÈdl Restwirt Endowment Funds Tota15 thi5 year Tots15 kst year Tab)8lble Ftmed Assèts. No Land & Bulldlngs Equlpment Investrnent propertles Investments 12 69.iYXI 69,(K)D 69,tx)o 12 13 13 41WJ,IXM) 4tK),( 4(M),ODO Totolfixed05sets 469.￿0 469.0 469.(X)O CurrentAssets Debtors and Pre ents 14 67.630 57,630 48,444 Cash at Bank and In hand Tru5tee5for Methodlst Church PUrpD5￿ deposits Certral Finan￿ Board Depos(ts rotul current 055ets 14 228,110 1,5 229,700 136889 301.133 s￿,873 301,133 598,463 338,363 523,296 1.5 re ors an Crua (due ID under I rl 15 63.206 63,2 51,399 Net current assets (fiabll￿1£%) 533.666 1,590 535.257 471 97 Tololossetsless cvrrentliuts"lities I.￿1666 1,5 I,CQ4,257 940,897 loans and due after l year Provlsions for liaixlities ond ¢h•rEe5 17 17 Net t7ssets LCI)1666 1.5 I,CXJ4,257 940,897 Funds of the Church Carrfed Fokvdard Net Movement in Funds:_ Unrestricted funds Restrlcted funds Endowmentfunds 18 939.227 1,670 940 897 63,440 1801 3,037 1801 Totel￿ndS 18 I.IXJ2,667 1,5 I,tK14,257 940,897 *Detslls- see Note 12 Openiry balaTKe Re￿Ipts Payments Net Reieiptsl Payment5 Adjv5trnents C105ing balanTr5 Internal O ani5ation5 None that are not shown above. Total TcrtalRettlpts Totsl Payments Archway Central Hall Methodist Church Notes to the A¢counts l. Basls of accountlng The flnanclal ststements have been prepared underthe CharitiÈsAct 2011 in accordance withthe 2014version of Accountlng and Reportlng bycharftles: Statement of RecornrNenLled Pratbce ISORPI appfic3ble to charities preparingtheiractounts in accordan￿ wlth the Nnanclal R￿pOrting5tandard for Smaller Entitie5 applicBblÈ in thÈ UK lthective from ljanuary 20151- the Chartties SORP IFR5SEI- In replacement forthe SORP'S 2IXS verslon specifled in its related 2008 Regulations and in accordance with the *rue and fairoverride. pro￿560n contslned thereln." 2. Funds Thefunds held constitute.. General Fund5 heltj for èDy purpose of the Church which are Unrestrtcled. Restrlcted lunds whlch are held for a narrower pvrpose Includingthose for internal organisations. There a￿ also thefollowlng Endowment funds as Ilsted. Details of each material fund are di5c105ed in notÈ 16. Any funds rnay be represented by more than JU￿ cash. 3. Golng concem The Trustees have assessed whetherthÈ U￿ of the EoEngconcern basls15 appropriate and have cor75idered po55ible events ortonditions that rnight cast doubt on the ablllty of the CC to continue as è bY)ingconcem. As exptslned intheTrn5tees Annual Report. 55ncethe year end the Blobal pandemic 3nd spread of COVID-19 has severety Imparted rnanyeconomlesthrou8hout the wodd. The Tru5tee5 have asse55ed the irnpact Covid-19 may have on the CCS forecast and projertlon5 and have made tlm's assessmentfor a perlod of al least one year from the date of appTovingthose financial statements. The CC has concluded that the Chur¢h has sufficient reSoUr￿S to contlnue In operational existen￿fOr thefore5eeable fvturÈ and consEquentty it approprlate to contIn￿, to adopt the go1￿Con￿rn basls In preparlDB ltstlnanoal st3teff£nts. 4. Accounting policies Basls These accounts have been prepared on the bzsis (rf historical cost e¥ceptth8t Investments are thown at their market aithe end of the year. on the accrua15 ba51S to show a tnje and f3irMewof the Church's finaSKl31 position and actwltle5. In￿rne Incorne Is Included in the Siatement ol FlnanclalAcdvit*5 ISOFAI vthen the Church becorne5 entitled to the rwjurces, and thetrustees are reasc>nably rtaln they will recelve the resour￿. and the rnonet3ry value be rr￿aSured with sufficient reliability- Expendlture Th4S 15 recognised when a liability is Ir￿Urred, or a constructive obliwdtion ècises, that ￿sLI[s In the payment belng unavoldable. Liabllitles are recoBnlsed as soon a5 an outflow of ecDnomic ￿0￿rt is considered rnore than not underthe legal or construttfve obligation commlttlngthe arcultto pay out re50urie Grants Grants made bythe Church Irom Its own funds 3re recognised in fLII at thetirne (rf agieement or when the Church accepts that there Is a legal or operatlonal obll8atlon to rnake the payrnent. When the grant bs recurrent over more than one yearthe balan￿ payable in future years Is treated as provlslon forfuture corrmltments In the Balan￿ Sheet again51 the apprupriaie fund. the prowision being released in futu￿ years as Instalrnents are pald In accordan￿ wlth originally a8reedterrn& VAT sIncet￿ Church Is notVAT reglsthd. all InputVATis chty withthe expen5E5 to vthich it refe Tangible fixed a55ets for use by the Church These are capltallsed ff they can be used for more than one year, and Indlvkaual￿cosiat least £1.￿￿. Thefreehold property Isshown at iosl.. Investment Properties InvÈ5tmÈnt proporties- no propwty is curr•￿￿(leerne￿ to notbe held forthe kjng term purposes of the charlty. Investments Investments arev31ued in the balance sheet at markw value at the year end. Irwe5tft*nt sncome Is Induded In the account5 when re￿4vable and 8aiDs and loses on revaluation atthe year end a￿ slTh)wn In the 50F Debtors and Prepayments Debtors Include outstsnding things lnvolcesln￿u5t. Creditors Credttor5 include outstar￿1￿8 sums relatin8to utilities, telephone% etc in August. 12 Archway Central Hall Methodist Church 2023 Total 4. Donatlons and legacies Unrestricted Restrlcted 2024 Total Collection5 Tax credit5 Donations Grants 13,020 5,248 264 13,020 5.248 264 16,009 6,076 140 Legacies Circuit Contribution to Admln Other Income 3,696 5,000 3,696 5,000 3,696 Total 27.228 27.228 25,921 5. Charitable actlvltles Unrestricted Restricted 2023 Total 2024 Total Fund raislng other 35 Total 35 2023 Total 6. Other tradlng actlvltles Unrestrirted Restricted 2024 Total Charity Shop Income Lettings & Rental Income 147,260 203,396 147,260 203,396 137,826 140,215 Total 350.656 350.656 278,041 Unrestrlcted Restricted 2023 Totsl 7. Investment income 2024 Total Central Finance Board TSB Deposit (Benevolent a/c) 16,626 16.626 20 12,159 20 Total other External Organisations Grand Total 16.626 35 20 16,645 12,167 351 394,916 341 316,470 394.545 20 13 Archway Central Hall Methodist Church 9. Payment to Trustees Th15 Year Last year Payments made to trusteesfor add5tlonal ServI￿S pro¥Kled to the Church by agreement with the Churih Council Meeting Number of trustees who were paid expenses none none Nature of the expenses If there are no paywnents to Trustees please record no expenses were pald. Total amount pald 10. Fee5 for examlnation or audit of the accounts Independènt examlnefs or auditors, fees for ￿pOrtIng￿n the accounts 2.INJO OtheT fees le8.. advice, accountancy seNcesl paid lo the independent eKarniner or auditor 11. Pald ernployees Staff Costs pald durlng the year were: Gr05s wa8es, Salaries and beneflts In klnd 88.299 92,319 Emplr)yels Natlonal Insurance costs Pension costs Tolal staff cost5 Average number of staff employeed durlnc the year werv. 14 Archway Central Hall Methodist Church 12, Tangible Fixed Assets Cost or¥rdluztion Churth Inon Investmentl land aml buiklin Pawnent5 on ac(ount and B55ets under constrnctlon Other non Irwe51meffl Iwd nd buifdlros Inve5trntnt propertiES Iland and bulldin8$1 Otherflxed aS5etslncludin8 rnotorvehlcles FixturE5.frtllnEs and equipment Total Balantr brou8lr fonvard 69,CQO 4QK)WOO 469.QCIJ Addltknr Rev3lu3fjons l+l-I DIspos81s l.) Transfers. l+/-I Balan￿ (atrfedforward 69,(K)D 469,orx) Acajrnulated depredatlon 8alance brouEht forward Oepfeciotlon charge for earl-l Revaluatlons1+1.I DIsp￿al$ l-l Transfers. l+/-I Balan￿ carrled forward Net boDk value brou htf0n￿8rd Carried forward 69,(KKI 4L)J.000 40).￿0 469.IXN) The"r￿nsfer$, row lsfor m0VeTh￿nts between fixed a55et rategw. ¥¥ Indknte the method of depreclatlon by deletlngthe methlxl notapplicable ISt-straiEht I￿e. RB= redu(IrE balan￿1. Akn lfftdtstethe rate of depreclatlon.. for straight line. depreciation 15 based on the antklpated lile of the35set (kn yearsl- frjr ba]ance, a Per￿nts8* annual deduction is madeeach year. 13. Investments No investments are held otherthanthefunds held tythecentral Boatd 15 Archway Central Hall Methodist Church 14. Analysis of current assets Thi5 Year Last year Debtors and prepayments Pre paid assessments 13464 11220 Accrued income 45533 35820 Other debtors 8633 1404 Total debtors and prepayments 67,630 48,444 Analysls (rf cash at bank Bank balance held in CFB (Church) 221,068 262,283 Bank balance held in CFB1Shop) 80,065 76,080 Bank balance held in TSB (Church) & Cash 178,715 46.357 Bank balan￿ held in TSB {Shop) & Cash 48,945 88,461 Bank balance held in TSB (Benevolent Fund) 1,590 1,670 Total Cash and Bank 530,383 474,851 15. Analysis of current liabilities and long term credltors Trade Credltors 1,917 2,100 Other Creditors 61,289 49,299 Total Current Liabilltles 63,206 51,399 16. Capital commitments and contingent Ilabllltles At the 31 st August 2023 the Church has no capital commitment No Contingent liabilities were identified at 31st August 2023 16 Archway Central Hall Methodist Church 17. Loans and credltors due after one year Loans None Credltors duè after one year None 18. Detailed analy515 of individual fund movements Unrestricted Funds Fund Name Opening Balan Income Expenthture Transfers Revaluation 8ains11055es C105ing Balance Church Fund 817,631 121,596 238,651 156.247 -201,368 -130.088 854,914 147,755 Shop Fund Totals 939.227 394,898 -331,456 1.002,669 Restrltted Funds Fund Name Opening Balance Income Expenditure Trdnsfers Revaluation galns/losses Closing Balan Benevolerico Fund 1.670 20 -100 1,590 Totals 1,670 20 -100 1,590 Endowment Funds Restrltted Fund Name Opening Balance Income EXpendi￿re Transfer5 Revaluation galnsllosses Closing Balance Nil Totals Fund The purpose of the church Fund is is for the life, worship and mission of the church The purpose of the shop fund 15 to run and maintsin the shop withh proffts belng donated to local. national and Internatlon charities The purpose of the Benevolence Fund is to provide the elements forthe sacrement of Holy Communion and to meet the need5 of those in poverty or di5tre55. ur osÈs Reasons for transfer between funds No funds were transferred between funds 17 Archway Central Hall Methodist Church Appendix A CHURCH COUNCIL MEMBERSHIP & KEY LAY WORKERS MINISTERS Revd Anne Lawrence MA LAY WORKERS Olamide Bankole. Admlnistrntor Baris Kocadere, Shop Manager Michael James Smith, Deputy Manager John Quinn. Deputy Manager CHURCH STEWARDS Margaret Dofoo Nana Brako Agnes Boamah Helena Korankne Olayinka Williams Jeanette Bradshaw Ms Veronica Meredith CHURCH SAFEGUARDING CO-ORDINATOR Joanna Ntim OTHER MEMBERS OFTHE CHURCH COUNCIL CHURCH COUNCIL SECREtARY Miss Grace Rithards Mr Patrick Pond Mrs Tlna Williams PROPERTY sfEWARD TREASURER PASTORAL COMMIThEE SECREtARY COMMUNION STEWARDS Mr5 Helena Korankye Mrs Faustlna Marfo PROPERTY COMMfThEE SECREfARY (Vacantl SUNDAYSCHOOL LEADER Ms Veronica Meredith PASTORAL VISITORS MrsJoanna Ntim Mrs Carmen Walters Mrs Faustlna Marfo Mr5 Joyce Konneh Mrs Ablmbola Keyede REPRESENTATIVES Mrs Florence A Taylor Mrs Georgina Hammond Mrs Esther Babalola Mrsjoanna Ntim Mrs Carmen Walters Mr Patrick Pond Revd Lola Brown 18 2S ot/oUL LAwf<•(e . Archway Central Hall Methodist Church Independent Examlnerfs Report To the Trustees of the Archway Central Hall Methodist I report to the Irustees on my examinatKJn of Ihe accounts of the Archway Central Hall Methodist for the year ended 31 August 2023. ￿1cl are set out on pages 10 to 17. Responsibilities and basis of report As the charity ttustees of th8 TTUSt you are responslble for the preparation of the accounts in accord8nce th the requirements of tha Charities Act 2011 (%he Acf). The Church Trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the Act) and that an independent examination is needed. I report in respect of my examlnatlon of the Truste8's accounts &￿ied out und8r s8Ctfon 145 of the 2011 Act and In carryng out rny examination I have follr)wed 811 the applicab18 Directions g4ven by the Charity Commission under section 145(5){b) of the 2011 Act. Independent EXamIne￿S Statement I have completed my examination, I confwm that no material matteTS hav8 com8 to my attention in connectlon wtEh the examlnation giving me ￿use to telieve that in any material respect (1) 8ccounting records wer8 not kept in respect of the Trust as required by section 130 of th8 or (2) tha accounts do not accord with those records; or (3) the accourts do not comply with the applicable requ1￿ments conGeming the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 21)08 other than any requirement that the accounts give a Irue and falr view which is not a matter considered as part of an ￿dependent examination. Slgned.. Nam8: Relevant professional qualifiCa￿n or m8mbership of professional body (if any): Address Date 20