2021-08-31-accounts

Contents
			Page
Trustees'	Report		2- 13
Auditors'	Report		14-15
Statement	of Financial Activities		16
Balance Sheet			17
Statement	ofCash Flows		18
Notes to the Accounts			19—37
Statement	of Income and Expenditure	(General)	38

Reference and administrative	Reference and administrative	details
District Chair		The Revd Dr Jongikaya Zihle
Ministers		The Revd Canon Dr Jennifer	Smith (Superintendent)
		The Revd Steven Cooper
Associate	ministers	The Revd John Cooke (Supernumerary)
		The Revd Brian Goss (Supernumerary)
		The Revd Paul Hulme (Supernumerary)
		The Revd Dr John Lampard	(Supernumerary)
		The Revd Stephen Penrose	(Supernumerary)
		The Revd lan Yates (Supernumerary)
Lay workers		Judith Bell (Leysian Missioner)
		Sally Rush (Community Worker Emerging Adults)
		Thomas Smith (Leysian Missioner from		Jan 2022)
		Erick Hunter (Global Mission	Fellow from 8 Feb 2022)
Museum		Christian Dettlaff (Curator)
		Gemma Smith (Learning 8 Community		Engagement	Officer)
		Deanna Lyncock (Exhibition	8 Oral History Project		Officer)
Office &administration		Tracey Smith (Administration	Manager)
		Ling Arzeian (Finance)
		Beatrice Omane (Administration)
		Gillian Brady (Safeguarding Officer)
Banking		HSBC Bank
		The Helicon, 1 South Place,
		London EC2M 2UP
		Lloyds Bank
		70-71 Cheapside
		London EC2V 6EN
Solicitors		Pothecary Witham Weld
		70 StGeorge's Square
		London SW1V3RD
investment	management	Epworth Investment Management Limited
		9 Bonhill Street
		London EC2A4PE
Auditors		Price Bailey LLP
		24 Old Bond Street
		London
		W1S 4AP

Weekly Program	me
Sunday	9:45am	Holy Communion (except first Sunday			in the month)
	11:00am	Morning Service &Sunday School
	5:00pm	Zoom Fellowship
	5:15pm	Zoom Bible Study
	6:00pm	Zoom Evening Prayer
	7:00pm	Taize Style Service (first Sunday		in the month)
Monday	10:00am	Morning Prayer (livestreamed)
	2:00pm	Sisterhood
Tuesday	10:00am	Morning Prayer (livestreamed)
	1:05pm	Lunchtime Recital
	6:30pm	Boys' Brigade &Girls' Association
Wednesday	10:00am	Morning Prayer (livestreamed)
	10:30am	Stay & Play (under 5's term-time	only)
	12:45prn	Service of Holy Communion (30 mins)
Thursday	10:00am	Morning Prayer (livestreamed)
	12:45pm	Service ofthe Word (30mins)
		(followed by lunch & fellowship)
Friday	10:00am	Morning Prayer (livestreamed)
Saturday	10:00am	Morning Prayer (livestreamed)
	11:00am	Discipleship Bible Study Course via Zoom
	4:30pm	Young Adults Fellowship Group Social			via Zoom
		(First Saturday in the month —times vary according to activity)
	4:30pm	Young Adults Lunch &Bible Study		via	Zoom
		(third Saturday in the month)

										2021f		2020f
1.General and		Designated Funds								10,219,281	9,414,654
2.Restricted Funds 3.Endowment Funds										526,775 628,494		461,196 520,600
										1 4550	10	4
(b) Reserves		policy for General Funds
These	are available for		any purpose	ofthe	Methodist		Church and comprise:
										2021		2020
										F
Those	representing the		carrying value of land and buildings							4,579,901	4,579,901
Those	designated for Property Endowment,				House &		Museum,	Leysian		4,921,263	4,087,860
Mission	purposes as laid down b			Conference)
Those	invested,	mainly	unconditional	legacies, to provide ongoing						705,903		586,328
income,	thereb	perpetuating the effect of			the benefactors'generosity
Liquid	funds,	readily	available	for day-to-day		expenditure.			The	12,214		160,565
Trustees' policy		is to build these funds until			they reach		approximately
six months' expenditure,			or currentl	about	f350,000.
										10,219,281	9,414,654

						Permanent
			General	Designated	Funds	Funds	2021	2020
		Notes	6	6	6	6	6	6
Income snd endowments
Donations and legacies		2	188,005		20,882		208,887	206,786
Investment income		3	270,145	8,176	1,809	1,041	281,171	320,028
Charitable activities		4	16,636				16,636	30,629
Other								18,358
Total income and endowments			474,786	8,176	22,691	1,041	506,694	573,801
Expenditure
Raising funds			21,638	8,176	676	1,041	31,531	36,610
Charitable activities			606,392		18,721		625,113	704,953
Total expenditure			628,030	8,176	19,397	1,041	656,644	741,563
Net (expenditure)/income	before
gains and losses on investments			(153,244)		3,294		(149,950)	(167,762)
Net gains/(losses) on investments		20	120,688	833,403	66,065	107,894	1,128,050	(583,319)
Net (expenditure)/income	for the year		(32,556)	833,403	69,359	107,894	978,100	(751,081)
Transfers between funds		20	3,780		(3,750)
Net gains on revaluation	offixed assets							360,701
Net movement in funds			(28,776)	833,403	65,579	107,894	978,100	(390,380)
Total funds brought forward			5,326,794	4,087,860	461,196	520,600	10,396,450	10,758,282
Fund balances carried forward		20	5,298,018	4,921,263	526,775	628,494	11,374,550	10,396,450

AT 31AU	GUST 2021
			2021	2020
		Notes	8
Fixed Assets
Tangible assets		12	1,432,859	1,458,528
Investment	properties	13	3,160,701	3,160,701
Investments		14	6,336,175	5,454,085
			10,929,735	10,073,314
Current Assets
Debtors		16	41,398	44,260
Cash at bank and in hand			444,125	319,650
Stock		17	13,104	13,745
			498,627	377,655
Creditors:
Amounts falling due within one
year		18	53,812	54,519
Net Current	Assets		444,815	323,136
Total Net Assets			11,374,550	10,396,450
Funds
Unrestricted	-General	19	5,298,018	5,326,794
	-Designated		4,921,263	4,087,860
			10,219,281	9,414,654
Restricted		20	526,775	461,196
Permanent	endowment	20	628,494	520,600
Total Charity Funds			11,374,550	10,396,450

TATEMENT OF CASH AT 3'I AUGUST 2021	F	LOWS
									2021	2020
									6	6
Cash Flows from Operating		Activities
Net cash used by Operating	Activities								(376,634)	(455,909)
Cash Flows from Investing		Activities
Dividends, interest and rent	from investments								255,149	293,157
Purchase of property, plant	and equipment									(3,937)
Proceeds from sale ofinvestments									475,590	293,576
Purchase of investments									(229,630)	(402,018)
Net cash provided by Investing Activities									501,109	180,778
Change in cash and cash equivalents			in	the reporting		period			124,475	(275,131)
Cash and cash equivalents	at beginning			ofperiod					319,650	594,781
Cash and cash equivalents		at end	ofperiod						44'4,125	319,650
Reconciliation ofnet expenditure			to net		cash flow	from	Operating	Activities
									2021	2020
										6
Net income/(expenditure) for the reporting Statement offinancial activities)					period (as	per the			978,100	(751,081)
Adjustments for:
Depreciation and amortisation		charges							25,669	45,162
(Gains)/Losses on investments									(1,128,050)	583,319
Dividends, interest and rents		from investments							(255,149)	(293,157)
Decrease in stock									641	383
Decrease in debtors									2,862	36,615
Decrease in creditors									(707)	(77,150)
Net cash used in operating		activities							(376,634)	(455,909)
Anal sis ofchan es in net		debt
							At start of	Cash	Other	Atyear
							year	flows	non-cash	end
							6	6	changes	6
									6
At 31August 2021
Cash at bank and in hand							319,650	124,475		444,125
At 31August 2020
Cash at bank and in hand							594,781	(275,131)		319,650

							Permanent
			Unrestricted		Funds	Restricted	Endowment
Current	year		General 6	Designated K		Funds	Funds 6	2021
~Mi i t	dill
Offerings	and donations		98,517			20,882		119,399
Grants			14,058					14,058
Legacies			11,000					11,000
Heri~cee
Donations			655					655
Grants			63,775					63,775
			188,005			20,882		208,887
							Permanent
			Unrestricted		Funds	Restricted	Endowment
Prior year			General 8	Designated 6		Funds	Funds 6	2020 8
Mdiritri M		MMt **tF
Offerings and donations			94,017			10,028		104,045
Grants			8,000			19,301		27,301
Legacies			23					23
Herifaceee
Donations			6,666					6,666
Grants			68,751					68,751
			177,457			29,329		206,786
Investment		income
							Permanent
			Unrestricted		Funds	Restricted	Endowment
Current year			General	Designated		Funds	Funds	2021
					6	6		6
~Mt*	d	Ilt
Rents			123,340					122,340
Bank interest			89			33		122
Dividends			147,716		8,176	517	1,041	157,450
Heri~cLe
Dividends						1,259		1,259
			270,145		8,176	1,809	1,041	281,171
							Permanent
			Unrestricted		Funds	Restricted	Endowment
Prior year			General	Designated		Funds f	Funds 6	2020 8
~tM i t	d	Mt
Rents			148,045					148,045
Bank interest			639			534		1,173
Dividends			159,956		9,049	338	1,180	170,523
Herita&ees
Dividends						287		287
			308,640		9,049	1,159	1,180	320,028

								Permanent
Current	year		Unrestricted		Funds 2 td	Restricted F d		Endowment F d	2222
			6		6			6
M~ii t	d Mt
Insurance	recovered		15,106						15,106
~Herita e
Museum	and book sales		1 530						1 530
			16,636						16,636
								Permanent
			~Unr ~rl	gd~pund		Restricted		Endowment
Prior year			General	Designated		Funds		Funds	2020
			6		6		6	6	F
Mt tlid		Mt
Insurance	recovered		14,999						14,999
~Herita e
Museum	and book sales		15630						15630
			30,629						30,629
Expenditure		on raising funds
								Permanent
			Unrestricted		Funds	Restricted		Endowment
Current	year		General	Designated		Funds		Funds	2021
							6		6
Donations	and legacies		190						190
Other trading activities			5,319						5,319
Connexional		Priority Levy
Investment		costs	16,129		8,176		676	1,041	26,022
			21,638		8,176		676	1,041	31,531
								Permanent
			Unrestricted		Funds	Restricted		Endowment
Prior year			General	Designated		Funds		Funds	2020
			6		6		6	6	6
Donations	and legacies		240						240
Other trading activities			9,330						9,330
Connexional		Priority Levy					169		169
Investment		costs	15,887		9,049		755	1,180	26,871
			25,457		9,049		924	1,180	36,610

							Permanent	Permanent
				Unrestricted	Funds	Restricted	Endowment
Curmnt	year			General Designated		Funds		Funds	2021
				6	6	6			6
Ministry	and Mission			495,689		18,606			514,295
Heritage				110703		115			110818
				606,392		18,721			625,113
							Permanent
				Unrestricted	Funds	Restricted	Endowment
Prior year				General Designated		Funds		Funds	2020
				6	6	6		6	6
Ministry	and Mission			485,080		72,881			557,961
Heritage				146 922		70			146992
				632,002		72,951			704,953
Analysis	ofexpenditure
						Direct		Support
Current	year					Costs		Costs	2021
								6	6
Ministry	and Mission					242,610		297,897	540,507
Heritage						77662		38475	116137
						320,272		336,372	656,644
Prior year						Direct		Support
						Costs 6		Costs 6	2020 f
Ministry	and Mission					309,472		275,769	585,241
Heritage						112123		44 199	156322
						421,595		319,968	741,563
ing costs funds of631,531 (2020:636,610has					been categorised as Ministry			and Mission	activities
Analysis	ofsupport		costs
			Staff	Consulting	District			Office, IT
Current	year	Related 6		Fees 6	Levy 6	Governance		&Other 6	2021 6
Ministry Mission	&	139,480		3,174	46,356	51,944		56,943	297,897
Heritage			21,334	486		7,945		8,710	38,475
		160,814		3,660	46,356	59,889		65,653	336,372
			Staff	Consulting	District			Office, IT
Prior year		Related 6		Fees 6	Levy	Governance	6	&Other 6	2020 6
Ministry Mission	8	126,786		3,372	42,284	45,542		57,785	275,769
Heritage			24,001	638		8,621		10,939	44,199
		150,787		4,010	42,284	54,163		68,724	319,968

Grant making activities in total are not material activities.	Grant making activities in total are not material activities.	Grant making activities in total are not material activities.	in the conte	xt ofthe Charity's	overall charita
Net movement in funds for the year
				2021f	2020f
The net	movement in	funds for the year is stated after
charging:
Auditors'	remuneration	-audit work		7,325	6,800
(a) Staff	costs and emoluments
				2021f	2020
Salaries				226,108	239,088
Minister	stipends			72,353	70,499
Social security costs				20,404	20,447
Pension	costs			13,593	13,626
Training	&recruitment	costs		368	719
				332,826	344,379
				2021	2020
				Number	Number
The average weekly number ofstaff employed			by the
Charity during the year was as follows:
Ministerial and administrative				12	11
Establishment				2	2

YEAR	ENDED 31 AUGUST 2021
13.	Investment properties
			Land and	Buildings
			Freehold	Leasehold	Total
				E
	Valuation
	At 1 September 2020
	Flat, 17Farriers House			600,000	600,000
	Trinity House (formerly	Noble	2,560,701		2,560,701
	House), Tabernacle Street
	At 31August 2021		2,560,701	600,000	3,160,701
	At end ofthe year
	At 31 August 2021		2,560,701	600,000	3,160,701
	At 31 August 2020		2,560,701	600,000	3,160,701

a) PERMANENT		END	OW	ME	NT
									Nlarket Value
Trust name						Units	Fund		2021	2020
									6	6
Mrs M A Grayson		Bequest		(11211)		12,921	CFBUK Equity Fund		295,943	249,737
						55,529	CFB Property	Investment	40,703	36,454
						25,324	CFBCorporate	Bond	37,302	26,151
SirJ Lowry's Memorial						665	CFB Managed	Mixed Fund	3,726	3,148
Other bequests (564)						7,779	CFB UK Equity Fund		178,170	150,573
						15,280	CFBCorporate	Bond	22,507	15,576
						33,489	CFBProperty	Investment	24,547	21,991
Gabriel, Grosvenor (Youth Council)		&Cooper			Trust	1,901	CFB Managed	Mixed Fund	10,652	8,999
									613,550	512,629
b) RESTRICTED FUNDS
Wesley Chapel (Gibbs Fund)		Crypt		&	Museum	4,531	CFBUK Equity Fund		103,779	102,293
						8,379	CFB Corporate	Bond	12,342	10,578
						20,157	CFB Property	Investment	14,775	15,455
Robert Device Bequest						1,393	CFB Managed	Mixed Fund	7,805	6,594
Local Youth Club						7,340	CFB Managed	Mixed Fund	41,126	34,748
Resthaven Trust						6,789	CFB UK Equity Fund		155,495	131,326
						13,275	CFBCorporate	Bond	19,554	13,590
						29,179	CFBProperty	Investment	21 389	19205
									376,265	333,789
c) DESIGNATED	FUNDS
Sale Proceeds -	Property Endowment					35,350	CFB UK Equity Fund		809,656	683,800
						69,287	CFBCorporate	Bond	102,060	70,891
						155,559	CFBProperty	Investment	114,024	99,591
Leysian Mission	Fund (15005A)					107,998	CFBUK Equity Fund		2,473,586	2,140,254
						212,367	CFBCorporate	Bond	312,817	223,183
						485,290	CFBProperty	Investment	355,718	311,964
Museum of Methodism			Fund			16,313	CFBUK Equity Fund		373,633	315,581
						31,945	CFBCorporate	Bond	47,055	32,725
						70,816	CFBProperty	Investment	51,908	46,442
Beatrice Cannon							CFB UK Equity Fund			77,584
							CFBCorporate	Bond		7,986
							CFB Property	Investment		11,338
									4640457	4 021 335

d) GENERAL FUNDS
Various Bequests (13777)	83,090	CFB Property	Investment	60,905	52,048
	18,483	CFBUK Equity Fund		423,335	358,271
	43,515	CFBCorporate	Bond	64,098	44,068
Jean Rosina White (20027)	8,991	CFBManaged	Mixed Fund	50,377	42,563
Local Mission Fund (22316)	3,698	CFB UK Equity Fund		84,699	71,506
	7,248	CFBCorporate	Bond	10,676	7,405
	16,118	CFB Property	Investment	11813	10467
				70590	328
				6,336,175	5,454,085

YEAR	ENDED 3	1AUGUST 202	1AUGUST 202	1	1	1
15.	Analysis	ofmovement		in fixed asset investments
							2021	2020
								6
	Carrying	value (market		value)	at beginning	ofyear	5,454,085	5,928,963
	Total additions to investment				at cost		229,630	402,018
	Total disposal		proceeds				(475,590)	(293,576)
	Net gain/(loss)		on revaluation				1 128050	f5583 320
	Carrying	value	(market value)		at end ofyear		6,336,175	5,454,085
16.	Debtors
							2021	2020
								6
	Prepayments		and sundry	debtors			36,398	44,260
	Legacy gifts receivable						5,000
							41,398	44,260
17.	Stock
							2021	2020
								E
	This has	been	valued at	the lower ofcost and
	net realisable		value
	Museum	shop	stock				13,104	13,745
18.	Creditors
							2021	2020
								6
	Amounts	falling due within one			year:
	Trade creditors						4,236	35,253
	Accruals	&income in advance					48,123	17,308
	Other creditors						1,453	1,958
							53,812	54,519

19.	Unrestricted General	Fund
				2021	2020
	(a) Capital account
	Balance at 1 September 2020			5,284,228	5,128,790
	Add/(Deduct):
	Ministry & Mission deficit			(104,326)	(59,387)
	Heritage deficit			(48,918)	(64,988)
	Gain/(loss) on revaluation		ofinvestments	112,875	(59,157)
	Gain on revaluation Funds reclassification	offixed assets		3730	360,701 ~27 731
	Balance at 31 August 2021			5,247,639	5,284,228
	Capital account			5,247,639	5,284,228
	Jean White fund			50 379	42566
				5,298,018	5,326,794

Analysis ofnet asse	ts
	Endowment	Restricted	Designated	General	2021
Current year	Funds	Funds	Funds	Funds	Total
	6		6	8	6
Tangible fixed assets				1,432,859	1,432,859
Investment properties				3,160,701	3,160,701
Investments	613,550	376,265	4,640,457	705,903	6,336,175
Current assets	14,944	150,510	280,806	52,367	498,627
Current liabilities				(53,812)	(53,812)
Tote I net assets	628,494	526,775	4,921,263	5,298,018	11,374,550
	Endowment	Restricted	Designated	General	2020
Prior year	Funds 6	Funds 6	Funds 6	Fundsf	Total
Tangible fixed assets				1,458,528	1,458,528
Investment properties				3,160,701	3,160,701
Investments	512,629	333,789	4,021,339	586,328	5,454,085
Current assets	7,971	127,407	66,521	175,756	377,655
Current liabilities				(54,519)	(54,519)
Totalnetassets	520,600	461,196	4,087,860	5,326,794	10,396,450

					2021	2020
					6	6
Income
Dividends 8 Distributions					147,716	159,956
Donations &Giving					99,117	94,026
Grant Income					77,833	76,751
Insurance Recovered					15,106	14,999
Interest Income					89	639
Museum Net Income					802	12,957
Rent Received					121,104	120,900
Room Hire Income					1,236	27,145
Total Income					463,003	507,373
Operating Costs
Advertising & Marketing					39	271
Assets &R1,000					549	3,057
Audit &Accountancy Bank Fees	Fees				10,153 1,289	9,206 2,024
Benevolence &Community			Work		4,094	8,367
Church Supplies 8,Activities					3,449	2,364
Consulting Fees					3,660	4,010
District &Apprenticeship		Levies			47,821	43,750
Hospitality &Catering					1,138	3,420
Insurance					49,736	44,957
Investment & Property Manageme				nt Fees	16,129	15,887
IT &Software Costs					9,570	10,471
Learning & Development					1,454	2,466
Museum Supplies					4,450	398
Printing, Postage &Stationery					12,616	13,987
Rates &Council Tax					11,816	13,240
Recital Costs					190	240
Repairs, Maintenance	8 Cleaning				46,163	39,306
Security &Fire					9,928	11,020
Staff Recruitment					368	719
Subscriptions &Licences					5,267	3,393
Travel &Accommodation					(124)	956
Utilities					29,365	25,798
Wages 8 Stipends					332,458	343,661
Total Operating Costs					601,578	602,968
Operating Deficit					(138,575)	(95,595)
Nonwperating Income
Legacies Received					11,000	23
Sundry Income						16,359
Total Nonwperating	Income				11,000	16,382
Nonwperating Expenses
Depreciation &Amortisation			Expense		(25,669)	(45,162)
Total Non-operating	Expenses				(25,669)	(45,162)
Net Deficit					(153,244)	(124,375)