##
##
##
|Contents||||
|---|---|---|---|
||||Page|
|Trustees'|Report||2-15|
|Auditors'|Report||16-17|
|Statement|of Financial Activities||18|
|Balance Sheet|||19|
|Statement|ofCash Flows||20|
|Notes to the Accounts|||21-39|
|Statement|of Income and Expenditure|IGeneral)|40|
##
##
|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|||deceased 13.04.22)||
|||The Revd Paul Hulme (Supernumerary)|||||
|||The Revd Dr John Lampard|(Supernumerary)||||
|||The Revd Stephen
Penrose|(Supernumerary)||||
|||The Revd lan Yates (Supernumerary)|||||
|Lay workers||Thomas
Smith (Leysian Missioner)
—from January 2022
Sally Rush (Community
Worker Emerging Adults) - to Sept 2021|||||
|||Erick Hunter
(Global Mission|Fellow) -||from 8Feb 2022||
|Museum||Christian
Dettlaff (Curator)|||||
|||Gemma
Smith (Learning
&Community|||Engagement|Officer)|
|||Deanna
Lyncock (Exhibition|& Oral History Project)|||—to May 2022|
|OFice &administration||Tracey Smith (Manager)|||||
|||Ling Arzeian (Finance Officer)|||||
|||Beatrice Omane (Administration||Assistant)|||
|Banking||HSBC Bank|||||
|||1-3Bishopsgate|||||
|||London EC2N 3AQ|||||
|||Lloyds Bank|||||
|||34 Moo rg ate|||||
|||London EC2R 6PL|||||
|Solicitors||Pothecary
Witham
Weld|||||
|||70StGeorge's Square|||||
|||London SW1V3RD|||||
|investment|management|Epwoith
Investment
Management||Limited|||
|||9 Bonhill Street|||||
|||London EC2A4PE|||||
|Auditors||Price Bailey LLP
8'"Floor,|||||
|||69 Old Broad Street|||||
|||London EC2M 1QS|||||
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|||||u'|""'|Restricted|Permanent
Endowment|||
|---|---|---|---|---|---|---|---|---|---|
|||||General|Designated|Funds|Funds|2022|2021|
||||Notes|f|6|||6|8|
|Income and endowments||||||||||
|Donations
snd legacies||||334,675||22,923||357,598|208,887|
|Investment
income||||369,121|14,026|2,114|1,792|387,053|281,171|
|Charitable
activities||||29,112||||29,112|16,636|
|Other||||||||||
|Total income snd|endowments|||732,908|14,026|25,037|1,792|773,763|506,694|
|Expenditure||||||||||
|Raising funds|||5|59,727|14,026|1,092|1,792|76,637|31,531|
|Charitable
activities|||6|563,826||57,364||621,190|625,113|
|Total expenditure|||7|623,553|14,026|58,456|1,792|697,827|656,644|
|Net Income/(expenditure)||before||||||||
|gains snd losses|on investments|||109,355||(33,419)||75,936|(149,950)|
|Net (losses)/gains|on investments||20|(62,434)|(413,967)|(32,391)|(54,732)|(563,524)|1,128,050|
|Net income/(expenditure)||for the year||46,921|(413,967)|(65,810)|(54,732)|(487,588)|978,100|
|Transfers
between|funds||20|107,783|(108,641)|4,500|(3,642)|||
|Net (loss) on revaluation||ofinvestment||(140,000)||||(140,000)||
|properties||||||||||
|Net movemsnt
in funds||||14,704|(522,608)|(61,310)|(58,374)|(627,588)|978,100|
|Total funds brought|forward|||5,298,018|4,921,263|526,775|628,494|11,374,550|10,396,450|
|Fund balances carried||forward|20|5,312,722|4,398,655|465,465|570,120|10,746,962|11,374,550|
##
|AT 31AU|GUST 2022||||
|---|---|---|---|---|
||||2022|2021|
|||Notes|6|6|
|Fixed Assets|||||
|Tangible assets
Investment
properties
Investments||12
13
14|1,424,207
3,020,701
5,769,007|1,432,859
3,160,701
6,336,175|
||||10,213,915|10,929,735|
|Current Assets|||||
|Debtors||16|147,905|41,398|
|Cash at bank and in hand|||416,641|444,125|
|Stock||17|9,456|13,104|
||||574,002|498,627|
|Creditors:|||||
|Amounts
falling due within one
year||18|40,955|53,812|
|Net Current|Assets||533,047|444,815|
|Total Net Assets|||10,746,962|11,374,550|
|Funds|||||
|Unrestricted|-General|19|5,312,722|5,298,018|
||-Designated||4,398,655|4,921,263|
||||9,711,377|10,219,281|
|Restricted||20|465,465|526,775|
|Permanent|endowment|20|570,120|628,494|
|Total Charity Funds|||10,746,962|11,374,550|
|STATEMENT OF CASH F
AT 31AUGUST 2022|LOWS|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022f|2021
E|
|Cash Flows from Operating|Activities|||||||||
|Net cash (used by) Operating|Activities|||||||(371,847)|(376,634)|
|Cash Flows from Investing|Activities|||||||||
|Dividends,
interest and rent from investments||||||||346,803|255,149|
|Purchase
of property,
plant and equipment||||||||(6,083)||
|Proceeds from sale ofinvestments||||||||3,643|475,590|
|Purchase ofinvestments|||||||||(229,630)|
|Net cash provided by investing
Activities||||||||344,363|501,109|
|Change
in cash and cash equivalents||in|the reporting||period|||(27,484)|124,475|
|Cash and cash equivalents
at beginning|||ofperiod|||||444,125|319,650|
|Cash and cash equivalents|at end|ofperiod||||||416,641|444,125|
|Reconciliation
of net expenditure||to net||cash flow from||Operating|Activities|||
|||||||||2022|2021|
|||||||||E|E|
|Net (expenditure)/income
for the reporting
Statement offinancial activities)||||period (as|per the|||(487,588)|978,100|
|Adjustments
for:||||||||||
|Depreciation
and amortisation|charges|||||||14,736|25,669|
|Losses/(gains)
on investments||||||||563,524|(1,128,050)|
|Dividends,
interest and rents|from investments|||||||(346,803)|(255,149)|
|Decrease
in stock||||||||3,648|641|
|(Increase)/decrease
in debtors||||||||(106,507)|2,862|
|(Decrease) in creditors||||||||(12,857)|(707)|
|Net cash used in operating|activities|||||||(371,847)|(376,634)|
|Anal sisofchan
esinnetdebt||||||||||
|||||||At start of|Cash|Other|At year|
|||||||yearf|flows
E|noncash
changes|end
E|
|||||||||E||
|At 31 August 2022||||||||||
|Cash at bank and in hand||||||444,125|(27,484)||416,641|
|At 31 Au
ust 2021||||||||||
|Cash at bank and
in hand||||||319,650|124,475||444,125|
##
##
##
##
##
|Donation|s|&legacies|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Permanent||
||||Unrestricted||Funds|||||Restricted|Endowment||
|Current|year||General
f|Designated|||||f|Funds
f|Funds
f|2022f|
|M~ii t||4M'|||||||||||
|OfFerings|and donations||100,056|||||||9,798||109,854|
|Grants|||20,959|||||||13,125||34,084|
|Legacies|||111,647|||||||||111,647|
|Heritacee|||||||||||||
|Donations|||4,791|||||||||4,791|
|Grants|||97,222|||||||||97,222|
||||334,675|||||||22,923||357,598|
||||||||||||Permanent||
||||IlntgghigIaLEttgtIE|||||||Restricted|Endowment||
|Prior year|||General
f|Designated||||f||Funds|Funds|2021f|
|~Md||Mi|||||||||||
|Offerings|and donations||98,517|||||||20,882||119,399|
|Grants|||14,058|||||||||14,058|
|Legacies|||11,000|||||||||11,000|
|Herifa&ee|||||||||||||
|Donations|||655|||||||||655|
|Grants|||63,775|||||||||63,775|
||||188,005|||||||20,882||208,887|
|Investment||income|||||||||||
||||||||||||Permanent||
|||||||||||Restricted|Endowment||
|Current|year||General
f|Designated|||f|||Funds
f|Funds
f|2022f|
||4M'||||||||||||
|Rents|||168,084|||||||||168,084|
|Bank interest|||339|||||||33||372|
|Dividends|||200,698||14,026|||||1,334|1,792|217,850|
|~Herita e|||||||||||||
|Dividends||||||||||747||747|
||||369,121||14,026|||||2,114|1,792|387,053|
||||||||||||Permanent||
||||IJtttgatrri;Igtt~gy.|||||||Restricted|Endowment||
|Prior year|||General
f|Designated||f||||Funds
f|Funds
f|2021
f|
|inist
and||Mission|||||||||||
|Rents|||122,340|||||||||122,340|
|Bank interest|||89|||||||33||122|
|Dividends|||147,716||8,176|||||517|1,041|157,450|
|~Herita e|||||||||||||
|Dividends||||||||||1,259||1,259|
||||270,145||8,176|||||1,809|1,041|281,171|
##
##
|||||||||Permanent||
|---|---|---|---|---|---|---|---|---|---|
|||||res
'|ted|Funds|Restricted|Endowment||
|Current||year||General
f|Designated
6||Funds
6|Funds
6|2022
6|
|inis|and||Mi si n|||||||
|Insurance||recovered||16,612|||||16,612|
|~Herita e||||||||||
|Museum||and|book sales|12500||||||
|||||29,112|||||29,112|
|||||||||Permanent||
|||||QBKRgtLii;Igttggg{tg|||Restricted|Endowment||
|Prior year||||General
6|Designated
F||Funds|Funds
6|2021
6|
|~Ni
t||dMI||||||||
|Insurance||recovered||15,106|||||15,106|
|~Herita e||||||||||
|Museum|and||book sales|||||||
|||||16,636|||||16,636|
|Expenditure|||on raising funds|||||||
|||||||||Permanent||
|||||Unrestricted||Funds|Restricted|Endowment||
|Current||year||General|Designated
6||Funds
f|Funds|2022
6|
|Donations||and legacies||490|||||490|
|Other trading|||activities|35,897|||||35,897|
|Investment||costs||23,340||14,026|1,092|1,792|40,250|
|||||59,727||14,026|1,092|1,792|76,637|
|||||||||Permanent||
|||||Unrestricted||Funds|Restricted|Endowment||
|Prior year||||General|Designated||Funds|Funds|2021|
|||||6||8|6||6|
|Donations||and legacies||190|||||190|
|Other trading|||activities|5,319|||||5,319|
|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||
|Current year||||General|Designated
6||Funds
6|Funds|2022
6|
|Ministry and Mission||||430,134|||57,364||487,498|
|Heritage||||133692|||||~133692|
|||||563,826|||57,364||621,190|
|||||||||Permanent||
|||||Unrestricted||Funds|Restricted|Endowment||
|Prior year||||General|Designated
6||Funds
f|Funds|2021f|
|Ministry and Mission||||495,689|||18,606||514,295|
|Heritage||||110703|||115||110818|
|||||606,392|||18,721||625,113|
|Analysis|ofexpenditure|||||||||
||||||||Direct|Support||
|Current year|||||||Costs
8|Costsf|2022f|
|Ministry and Mission|||||||172,153|279,448|451,601|
|Raising funds
Heritage|||||||76,637
128790|40 799|76,637
169'589|
||||||||377,580|320,247|697,827|
|Prior year|||||||Direct|Support||
||||||||Costs|Costs|2021|
|Ministry and Mission|||||||211,079|297,897|508,976|
|Raising funds
Heritage|||||||31,531
77662|~8475|31,531
116137|
||||||||320,272|336,372|656,644|
|Analysis ofsupport|||costs|||||||
||||Staff|Consulting||District||Office, IT||
|Current year||Related
8||Fees
5||Levy
8|Governance|SOther
f|2022|
|Ministry 8
Mission||107,269||6,979||46,356|57,127|61,717|279,448|
|Heritage|||18,776|1,221|||9,999|10,803|40,799|
|||126,045||8,200||46,356|67,126|72,520|320,247|
||||Staff|Consulting||District||Office, IT||
|Prior year||Related
8||Feesf||Levy
f|Governance
6|8 Other|2021
6|
|Ministry 5
Mission||139,480||3,174|||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|
##
||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 of the Charity's
|overall charita|
|---|---|---|---|---|---|---|
|10.|Net movement
in funds for the year||||||
||||||2022|2021|
|||||||E|
||The net|movement
in|funds for the year is stated after||||
||charging:||||||
||Auditors'|remuneration|-audit work||9,840|7,325|
||Depreciation||||14,736|25,669|
|11.|(a) Staff|costs and emoluments|||||
||||||2022|2021|
||||||K||
||Salaries||||212,591|226,108|
||Minister|stipends|||73,858|72,353|
||Social security costs||||16,716|20,404|
||Pension|costs|||12,316|13,593|
||Training|& recruitment|costs||1,517|368|
||||||316,998|332,826|
||||||2022|2021|
||||||Number|Number|
||The average weekly number ofstaff employed|||by the|||
||Charity during the year was asfollows:||||||
||Ministerial
and administrative||||11|12|
||Establishment||||2|2|
##
##
|Tangible assets||||
|---|---|---|---|
||Furniture|Freehold|Total|
||&Fittings|Property||
||6|6||
|Cost||||
|At 1 September 2021|394,865|1,425,000|1,819,865|
|Additions|6,084||6,084|
|At 31 August 2022|400,949|1,425,000|1,825,949|
|e reciation||||
|At 1 September 2021|375,406|11,600|387,006|
|Charge for the year|8,936|5,800|14,736|
|At 31August 2022|384,342|17,400|401,742|
|Net book value||||
|At 31 August 2022|16,607|1,407,600|1,424,207|
|At 31 August 2021|19,459|1,413,400|1,432,859|
##
##
##
|a) PER|MANENT|END|OW|ME|NT||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Market Value||
|Trust name||||||Units|Fund||2022|2021|
||||||||||6|6|
|Mrs M A Grayson||Bequest (11211)||||12,921|CFB UK Equity|Fund|263,058|295,943|
|||||||55,529|CFB Property Investment||46,200|40,703|
|||||||25,324|CFBCorporate|Bond|30,997|37,302|
|SirJ Lowry's
Memorial|||||||CFBManaged|Mixed Fund||3,726|
|Other bequests (564)||||||7,779|CFB UK Equity|Fund|158,373|178,170|
|||||||15,280|CFBCorporate|Bond|18,703|22,507|
|||||||33,489|CFB Property
Investment||27,863|24,547|
|Gabriel,
(Youth|Grosvenor
Council)|8 Cooper|||Trust|1,901|CFBManaged
Mixed Fund||9,982|10,652|
||||||||||555,176|613,550|
|b) RESTRICTED FUNDS|||||||||||
|Wesley
(Gibbs|Chapel
Fund)|Crypt||&|Museum|4,531|CFB UK Equity|Fund|92,247|103,779|
|||||||8,379|CFB Corporate|Bond|10,256|12,342|
|||||||20,157|CFB Property Investment||16,771|14,775|
|Robert|Davies Bequest|||||1,393|CFB Managed|Mixed Fund|7,315|7,805|
|Local Youth Club||||||7,340|CFB Managed|Mixed Fund|38,542|41,126|
|Resthaven
Trust||||||6,789|CFB UK Equity|Fund|138,217|155,495|
|||||||13,275|CFBCorporate|Bond|16,249|19,554|
|||||||29,179|CFBProperty Investment||||
||||||||||343,874|376,265|
|c) DESIGNATED FUNDS|||||||||||
|Sale Proceeds - Property||||Endowment||35,350|CFB UK Equity|Fund|719,691|809,656|
|||||||69,287|CFBCorporate|Bond|84,807|102,060|
|||||||155,559|CFB Property investment||129,425|114,024|
|Leysian|Mission Fund (15005A)|||||107,998|CFB UK Equity|Fund|2,198,731|2,473,586|
|||||||212,367|CFBCorporate|Bond|259,937|312,817|
|||||||485,290|CFBProperty investment||403,762|355,718|
|Museum|of Methodism||Fund|||16,313|CFB UK Equity|Fund|332,116|373,633|
|||||||31,945|CFBCorporate|Bond|39,102|47,055|
|||||||70,816|CFBProperty Investment||58,919|51,908|
||||||||||4,226,490|4,640,457|
##
|||||||||||||Market Value|Market Value|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Trust|name||||||Units|Fund|||2022||2021|
||||||||||||f||f|
|d) GENERAL FUNDS||||||||||||||
|Various|Bequests (13777)||||83,090|||CFB Property||Investment|69,130||60,905|
||||||18,483|||CFBUK Equity Fund|||376,295||423,335|
||||||43,515|||CFBCorporate||Bond|53,262||64,098|
|||||||8,991||CFBManaged||Mixed Fund|47,212|||
|Jean Rosina White (20027)||||||||CFB Managed||Mixed Fund|||50,379|
|Local Mission Fund (22316)||||||3,698||CFB UK Equity Fund|||75,288||84,697|
|||||||7,248||CFBCorporate||Bond|8,870||10,676|
||||||16,118|||CFBProperty||investment|13,410||11,813|
||||||||||||643,467||705,903|
|Total investments|||||||||||5,769,007||8,336,175|
|15.|Analysis|ofmovement|||in fixed asset investments|||||||||
||||||||||||2022
f||2021
f|
||Carrying|value||(market|value) at beginning||||ofyear||6,336,175||5,454,085|
||Total additions|||to investment|||at cost||||||229,630|
||Total disposal
Net (loss)/gain|||proceeds
on revaluation||||||(3,644)
~553524|||(475,590)
1 125055|
||Carrying|value||(market value)|||at end|ofyear|||5,769,007||6,336,175|
|18.|Debtors|||||||||||||
||||||||||||2022||2021|
||Prepayrnents||and sundry||debtors||||||147,905||36,398|
||Legacy gifts receivable||||||||||||5,000|
||||||||||||147,905||41,398|
|17.|Stock|||||||||||||
||||||||||||2022f||2021f|
||This has|been||valued at|the|lower of||cost and||||||
||net realisable||value|||||||||||
||Museum|shop||stock|||||||9,456|||
|18.|Creditors|||||||||||||
||||||||||||2022
f.||2021f|
||Amounts|falling||due within one year:||||||||||
||Trade creditors||||||||||9,606||4,236|
||Accruals|& income
in advance|||||||||28,925||48,123|
||Other creditors||||||||||2,424||1,453|
||||||||||||40,955||53,812|
##
|19.|Unrestricted
General|Fund|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||5|K|
||(a)Capital account||||||
||Balance at 1 September 2021||||5,247,639|5,284,228|
||Add/(Deduct):||||||
||Ministry
& Mission surplus/(deficit)||||163,684|(104,326)|
||Heritage surplus/(deficit)||||(54,329)|(48,918)|
||(Loss)/gain
on revaluation||ofinvestments||(58,262)|112,875|
||Loss on revaluation|of investment||properties|(140,000)||
||Funds reclassification||||153990|3750|
||Balance at 31 August 2022||||5,312,722|5,247,639|
||Capital account||||5,312,722|5,247,639|
||Jean White fund|||||50379|
||||||5,312,722|5,298,018|
##
##
##
##
##
|Analysis
ofnet asse|ts|||||
|---|---|---|---|---|---|
||Endowment|Restricted|Designated|General|2022|
|Current year|Funds|Fundsf|Funds|Funds|Total|
|Tangible fixed assets||||1,424,207|1,424,207|
|Investment
properties||||3,020,701|3,020,701|
|Investments|555,176|343,874|4,226,490|643,467|5,769,007|
|Current assets|14,944|121,591|172,165|265,302|574,002|
|Current
liabilities||||(40,955)|(40,955)|
|Total net assets|570,120|465,465|4,398,655|5,312,722|10,748,962|
||Endowment|Restricted|Designated|General|2021|
|Prior year|Funds|Funds|Funds|Funds|Total|
||8|||8|8|
|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|280,808|52,367|498,627|
|Current
liabilities||||(53,812)|(53,812)|
|Total net assets|628,494|526,775|4,921,263|5,298,018|11,374,550|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||6|E|
|Income|||||||
|Dividends
&Distributions|||||200,698|147,716|
|Donations
&Giving|||||100,056|99,117|
|Grant Income|||||118,181|77,833|
|Insurance
Recovered|||||16,612|15,106|
|Interest Income|||||339|89|
|Museum
Net Income|||||10,827|802|
|Rent Received|||||154,687|121,104|
|Room Hire Income|||||13,397|1,236|
|Total Income|||||614,797|463,003|
|Operating
Costs|||||||
|Advertising
&Marketing|||||354|39|
|Assets &55,000|||||800|549|
|Audit &Accountancy|Fees||||11,439|10,153|
|Bank Fees|||||1,950|1,289|
|Benevolence
8 Community|||Work||7,905|4,094|
|Church Supplies
&Activities|||||3,702|3,449|
|Consulting
Fees|||||8,200|3,660|
|District 8 Apprenticeship||Levies|||47,690|47,821|
|Hospitality
&Catering|||||3,933|1,138|
|Insurance|||||55,687|49,736|
|Investment
& Property||Management||Fees|23,340|16,129|
|IT&Software Costs|||||10,163|9,570|
|Leadership
on a Journey|||||29,433||
|Learning
&Development|||||3,860|1,454|
|Museum
Supplies|||||152|4,450|
|Printing,
Postage &Stationery|||||13,213|12,616|
|Rates &Council Tax|||||10,573|11,816|
|Recital Costs|||||490|190|
|Repairs, Maintenance|&Cleaning||||38,668|46,163|
|Security &Fire|||||13,373|9,928|
|Staff Recruitment|||||1,517|368|
|Subscriptions
&Licences|||||5,043|5,267|
|Travel &Accommodation|||||1,314|(124)|
|Utilities|||||27,198|29,365|
|Wages, Stipends
&Staff Recruitment|||||282,356|332,458|
|Total Operating
Costs|||||602,353|601,578|
|Operating
Surplus/(Deficit)|||||12,444|(136,575)|
|Non-operating
Income|||||||
|Legacies Received|||||111,647|11,000|
|Sundry Income|||||||
|Total Non-operating|Income||||111,647|11,000|
|Non-operating
Expenses|||||||
|Depreciation
&Amortisation|||Expense||(14,736)|(25,669)|
|Total Non-operating|Expenses||||(14,736)|(25,669)|
|Net Surplus/(Deficit)|||||109;355|(153,244)|