WEMBLEY CIRCUIT
OF THE METHODIST CHURCH
(Registered Charity No 1169392)
TRUSTEES, REPORT and
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
Superintendent Minister
The Revd. Kido Baek
10 Klngsway, Wembley
HA9 7QR
Bankers
HSBC PLC.
4-8 Victoria Street, Westminster,
London SW1H ONJ
Treasurer
Samuel Aboah
9 Lawrence Avenue,
London NW10 8EQ
Independent Examiner
Noel. Rajaratnam
19 Deane Avenue,
Ruislip, HA4 6SP

WEMBLEY CIRCUIT OF THE METHODIST CHURCH (35123)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Governance:
The governing body of the Melhodist Church is the Conference which meets once every year. The
aulhority under which the conference acts is given by Ihe Methodist Church Act 1976.
The Methodist Circuits whose incomes exceeded £1 Ook for Ihe y8ar ended 31st August 2007 were
reqijired to register with the Charity Commission. The 2006 Charities Act came into force in November
2006. Our registered charity number is 1169392 following re-registration with the charity commission
and the filing of the accounts for previous years.
The Wembley Circuit is one of the circuits that operate within the London Distriot of the Methodist
Church. The circuit comprises of four churches located as shown below..
> Eallng Road
> Neasden
> Park Lane
> Sudbury
The Managing Trustees of the circuit are:
Minislers:
Revd. Kido Baek (Superintendent)
Revd. Nigel Wright
Circuit Stewards:
Mr. Gerard Davis
Mr. Abraham Deveer
Mr. Samuel Aboah
Circuit Secreta
Mr. Jeffrey Ekuful
In addition, there are representatives from the individual churches within the circuit, as stated in the
Constitution Practice and Discipline (CPD) of the Methodist Church.

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees:
The managing trustees other than those named in the previous page, that served during the year were
as follows..
Diana Kokora
Ben Abadji
Joseph Kingsley-Nyinah
Victoria Butler-Aggrey
Joseph Hagan
Francis Arthur
Adrian Perry
Anna Kingsley-Nyinah
Gershon Ahadzi

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Statement of Trustees, Res
onsibilities:
The Trustees are responsible for preparing the Trustees, Report and the accounis in accordance with
applicable law and United Kingdom Standards (United Kingdom Generally Accepted Accounting
Practice).
Law applicable to charities in England and Wales requires the Trustees to prepare accounts for each
financi81 year which give a true and fair view of the charity's financial activities during the year and of
its financial position at the end of Ihe year.
In preparing these accounts, the Trustees are required to..
select suitable accountlng policies and then apply these consistently.,
observe the methods and principles in the Charities SORP;
make judgements and estimates that a￿ reasonable and prudent;
> state whether applicable accounting standards have been followed, subject to any material
departures disc105ed and explained in the accounts; and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that dlsclose with reasonable
accuracy at any time Ihe financial position of the Wembley Circuit of the Methodist Church and enable
them to ensure that the accounts comply with the Standing Orders of the Methodist Church and the
Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and other relevant
regulatlons. They are also responsible for safeguarding the assets of the charily and hence for taking
reasonable steps for the prevention and deteclion of fraud and other irregularities.
Annual Re
ort:
The trustees have had due regard to the guidance published by the Charities Commission on pubSic
benefit. Property matters were discussed in the leadership meetings as well as at the circuit trustees
meetings.
It is important to acknowledge the huge commitment of time and energy made by members to continue
the work of our Lord's Mission in their locality and within the Circuit.

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Wembley Circuit Mission & Ministry Policy is to..
Provide inspiring Worship & nurturing Fellowship
Develop & participate in Evangelism. Social Justice & Mission
Creale Dynamic Leadership
Su
erintendent Re
ort:
The Wembley Circuitwas pleased to welcome the Rev. Nigel Wright, and his family. The Circuit
Welcome SeNice was held in September 2022 and the preacherwas one of the District Chairs,
Rev. Dr Jongikaya Zihle. As always, we were grateful to receive Dr Zihle's preaching ministry
once moTr.
In October, we held a Circuit Prayer Event which was hosted by Ealing Road Methodist Church
but was assisted by all the churches in the Circuit. Our Circuit Co-ordinator, Anna Kingsley-
Nyinah, worked especially hard to bring this event to fNition along with the members of Ealing
Road Methodist Church. The Circuit thanks Anna for ￿mIndIng us of the importance of prayer,
bolh individually and corporately. Every hour during Ihe prayers event. short devotions were
led by the presbyters and local preachers in Ihe Circuit. The event was greatly appreclated by
those who attended.
In November, As well as the Circuit Prayer Event in October, there was also a Circuit
Watchnight SeNice, held at Sudbury Methodist Church, a circuit Ash Wednesday service held
at Neasden Methodist Church. a circuit Maundy Thursday service held al Ealing Road
Methodisl Church, and a Circuit Farewell Service for the Circuit Superintendent. Revd Sonia
Hick5, held at Park Lane Methodist Church on a Sunday morning in July.
Both the presbyiers continue to hold monthly services at the nearby local MHA homes at
Kenbrook and River View. They are warmly welcomed by residents and staff alike.
Activities conducted under the guidance of the Circuit were as follows:
The building formerly used as the Sudbury Neighbourhood Centre has been rented to a
Children's Nursery.
The CAF account was established and used for payments.
Many members from the Clrcuit attended a safeguardlng foundation course.
Worshi
and Communication with Members:
The Circuit members turned out in great numbers to say farewell to Revd Sonia Hicks at her
farewell service held at Park Lane Church. The Circuit welcomed Revd Dr Jongikaya Zihle
who preached a powerful sermon.
A number of the Iranian Asylum Seekers who are housed in the Circuit, have been attending
mainly Park Lane Church. About 8 of them have attended baptismal classes and have been
baptised and confirmed, whilst other classes have been planned.

Manses:
24 Park View Road manse continues to be rented to a Syrian family of parents and 4 children.
The tenant continues to express a desire to refurbish the Kitchen and Bathroom but to date
he has not replied to the Matte￿ which has been raised with him and which are aimed at
safeguardillg the Church's financial security.
Work was carried out on 10 Kingsway to prepare for the residence of Revd Kido Baek and his
family. This mainly involved decorating most of the rooms to meet the family's colour scheme.
However remedial work was also carried out to make the rear patio safe from cracks and to
improve the flooring in the utility room at the back of the garage and address some items
highlighted in the last quinquennial. Furthermore, other repairs were carried on both toilets
which needed attention.
Circuit A
ointments:
Circuit part-time Administrator post, which is part - funded by a grant by the District Advance
Trd
Fund to the Circuit, was eventually filled in 2 quarter of the connexional year by an excellent
person.
The Circuit Invitation Committee was happy to meet wilh and to embrace Revd Kido Baek
who was matched as Superintendent Minister for our Circuit by the Stationing Committee and
confirmed by the CIC.
The Circuit Invttation Commitlee [CiC] began the process forthe stationlng of a Minister to
replace Revd Nigel Wright in the 2025- 26 Connexional Year.
The role of the Circuit Safeguarding Officer contlnues to be vacant although renewed efforts
are being made lo fill that role and to ensure that the duties of this important role are covered.
2nd Wemble
Bo
sBri
ade & Girls, Association
The Company started the session in September with 4 young people and gained 2 others in
February. It therefore consists of 2 anchors, 2 Juniors and 2 Company. One of the leaders
has moved away from the area and it would be great to someone new to help out.
The young people were taken bowling with the Batlalion at Heathrow Bowl.
A great time was had with the 1st Hillingdon BB&GG at the pantomlme at the Beck Theatre.
The Company did not attend camp this year because there were not enough older members
able to attend.

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Investment Polic
The investment of surplus funds is operated via the Central Finance Board (CFB) of the Methodist
Church. CFB aims to provide high quality investment service seeking above average returns for long
term investors, whilst ensuring that the securities held by all its funds are in line with the ethical policy
of the Methodist Church. The circuit has it funds held in a deposil account with CFB. The Restricted
Fund which is mainly funds from sales of properties is managed by Trustees for Methodist Purposes
MCP). These funds are also invested with CFB. It Is now opportune for the Circuit as Managing
Trustees to think how best these funds could be utilised for the benefit of the Mission.
Risk Mana
ement:
The Circuit hopes to undertake a review of the risk policy and has produced a Risk Register highlighting
the various risks facing the circuit and churches, the impact and the likelihood of it happening. The main
headings under which these risks have been categorised are..
> Trustees, Responsibilities
> Membership and Mission
> Resources, People and Property
> Firiancial
> Legal
These risks once acknowledged and agreed will be reviewed regularly to ensure effectiveness. The
church treasurers have also been informed of the need for these risk assessments. It is hoped that all
churches will undertake these as part of their compliance activities.
Financial Review:
> The Financial statements have been prepared in accordance with the charities SORP - Accounting
and Reporting by Charities.
> The Fund for Ministry raised was 120k. The interest earned on both restricted and unrestricted
funds was £2.5k. Income from leasing of the manse at Park View amounted to 32.1 k thereby
increasing total income for the year to 158.7k. The total circuit expenditure amounted to £178.7k.
This included an amount of £3.4k for a levy made on the balances with TMCP as stated in the CPD
of the Methodist Church and investment management fees.
> The funds carried forward at the end of the year were £2.3k unrestricted and £95.4k restricted.
> The price value of units held with TMCP via as at 31 August 2024 was £31.567 compared to the
previous year of £28.001. During the year 1,213 units were sold, hence at the end of the year there
were 2,715 units worth £85.7k.
> The manse at 24 Park View was leased out at a rental of £2300 per month unlil February 2024,
when it was renewed to £2.800 per month. All property malters were managed, coordinated and
supported by circuit steward5.
> As Christians, we have to take God's truth and mission foward, carrfed and defended by those who
have committed their lives to God's Son. It is an important task and an awesome responsibility and
a profound privilege to have this commission.
Samuel Aboah - Circuit Treasurer

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
INDEPENDENT EXAMINERS, REPORT
TO THE TRUSTEES OF WEMBLEY CIRCUIT OF THE METHODIST CHURCH
I have examined the accounts of Wembley Clrcuit of the Methodist Church for the year ended 31
August 2024 set out on pages 11 to 17. These accounts have tseen prepared under Ihe accounting
policies set out on page 12.
This report is made solely lo the charity's trustees. as a body. in accordance with Section 43 of the
Charities Acl 1993 and regulations made under Section 44 of Ihat Act. The examining work has been
undertaken so that I might state to the charity's trustees those matters we are required to slate to them
in an the report and for no other purpose. To the fullest exlent permitted by law, I do not accept or
assume responsibility to anyone otherthan the charity and the charity's trustees as 8 body, forthe work.
for this report, or for the opinions formed.
Respective responsibilities of trustees and auditors
As described on page 3, the trustees are responsible for preparing the Trustees, Report and the
accounts in accordance wilh applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
I was appointed as an independent examiner under section 43 of the Charities Act 1993 and report in
accordance wilh regulations made under that Act. My responsibility is to examine the accounts in
accordance wilh relevant legal and regulatory requirements and International Standards on Auditing
(UK and Ireland).
I report lo you my opinion as to whelher the accounts give a true and fair view and are prepared in
accordance wilh the Charilies Act 1993. 1 also report to you if, in my opinion, the information given in
the Trustees, Report is not consistent with those accounts, if the charity has not kept sufficient
accounting records, if the charity's accounts are not in agreement with those accounting records or if
we have not received all the information and explanations we require for our audit.
I have read the Trustees, Report and consider the implications for my report if I become aware of any
apparent misstatements within it.
Basis of my opinion
I conducted the examination in accordance with International Standards on Auditing (UK and Ireland)
issued by the Auditing Practices Board. An audit includes examination. on a test basis, of evidence
relevant to the amounls and disclosures in the accounts. It also includes an assessment of the
significant estimates and Judgements made by the trustees in the preparation of the accounts, and of
whetherthe accounting policies are appropriate to the charity's circumstances, consistently applied and
adequately disclosed.
I planned and performed the examination so as to obtain all the information and explanations which we
considered necessary in order to provide me with sufficient evidence to give reasonable assurance that
the accounts are free from material misstatement. whether caused by fraud or other irregularity or error.
In forming my opinion l also evaluated the overall adequacy of the presentation of information in the
accounts.

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
REPORT (CONTINUED)
TO THE TRUSTEES OF WEMBLEY CIRCUIT OF THE METHODIST CHURCH
Opinion
In my opinion:
Ihe accounts give a true and fair view, in accordance with United Kingdom Generally Accepted
Accounting Practice, of the Circuit's affairs as at 31 Augusl 2024, and of its incoming resources and
application of resources, for the year then ended. and
the accounts have been prepared in accordance with the Charities Act 1993.
Noel.
nam, FCMA, CA, B Sc
Date:

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
STATEMENT OF FINANCIAL
ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Note
Unrestricted
Fund
Restricted
Fund
Total
Funds
2023
Funds
Incomin
Resources
Incoming Resources from
generated Funds:
Circuit Assessmeni
Investment Income and Interest
120,000
173
120,000
2,528
114,000
3.230
2,355
Other Incomlng Resources:
Connexional
Rent from Manses
DAF & Other Grants
Sundry Income
Loss on sale of CFB units
Total Incoming Resources
2,000
27,600
9,000
4,307
32,100
3,000
2,034
32,100
3,000
2,034
953
158,709
953
157 307
160,187
Resources Expended
Charitable Activities:
D1￿cl Mission and Ministry
District Assessment
Maintenance of Property
Grants
7a
7b
7c
7e
104,078
34,084
26,269
104,078
34,084
26,269
114,641
33,088
81,967
2,000
Governance Costs:
District Levy - Restricted Fund
Circuit Administration
Investment Management
7b
7d
7d
3,407
3,407
10,615
337
3,576
7,421
346
10,615
337
Total Resources Expended
175,046
178 790
243,039
Net Incoming l (Outgoing)
resources before transfers
Transfer between funds
117,739
30,000
(2,342)
(30,000}
(20,081
(82,852)
Net (outgoing)lincomlng resources
before other recognised
gainsllosses
12,261
(32,342)
(20,081)
(82,852)
2715 Sharns
@131.567-
28.rJ)11
Unrealised gainsllosses
on disposable tangible assets
9,682
9,682
2,369
Fund balances at 1 September 2023
(9,912
118,139
108,227
188,710
Fund balances at 31 August 2024
108,227
The notes on pages 12 to 17 fonn part of these accounts
10

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
BALANCE SHEET
AS AT 31 AUGUST 2024
Unrestrlcted
Funds
Reslrlcted
Funds
Notes
Funds
TOTAL
ASSETS
Tangible Assets
Freehold Manses al cost
32,100
32,100
32,100
Current Assels
Cash al Bank & Hand
Short Tenn Deposits
21,123
284
,774
85.705
30,897
85,989
6.801
111,726
21.407
95,479
116,886
118,527
Debtors and Prepayments
10
6,000
27,407
1.000
119 527
122 886
Currènt Llabllltles Creditors:
amounts
due wlthln one
ear
Credltors and arKruals
Fund for Mlnlslry In advance
11
25,058
25,058
11,300
Net Current Asset8
2,349
95,479
97,828
108.227
m Llabllltles
2,349
95,479
97,828
129,928
108,227
140,327
Total Net Assets
ACCUMULATED FUNDS
Funds
2.349
95,479
97,828
108,227
Freehold Man88 Fund
32,100
32,100
32,100
Accumulatqd Fund#
34A49
95,479
129 928
140,327
The notes on pages 12 to 17 form part of these aG¢ounts.
Approved by the Trustees anrj slgned on their behalf by..
Rev. Kldo Baek
Superlntendent Mlnlstor
Jeffrey Ekuful
Managlng Trustee
Samuel Aboah
Clrcult Treasurer

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
1. GENERAL
Wembley Circuit of the Methodist Church consists of four churches within the connexion of Great
Britaln. The accounts are prepared in accordance with the Constitution Practice and Discipline of
the Methodist Church (C P D).
Each Church, Circuit and District of the Methodist Church is a separate charity. Each holds
excepted status under Government statutory Instrument 2002 No 1598. The registration
requirements of the new Charities Act of 2006 which came inio force in November 2006 have not
as yet been exiended to cover all our churches although some churches have already registered.
The circuit registered in 12 May 2009.
The Circuit Managing Trustees a￿ the members of the Circuit meeting.
2. ACCOUNTING POLICIES
The financial accounts have been prepared under the historical cost convention as modified by
the revaluations of Investments and on an accrua15 basis. The accounts have been prepared
in accordancg Wlth the Constitution and Practice and Discipline of the Methodist Church,
applicable accounting standards, Ihe Slatement of Recommended Practice, "Accounting and
Reporting by Charities issued in March 2005 and the Charilies Act 1993.
> Under certain exemptions applicable to the Methodist Church, the receipt and onward payment
of monies forthe District Assessment is not deemed to be part of the incoming resources of the
circuit for the purposes of deciding whether an independent exlernal examiner or an auditor
should report on these accoLints,
Freehold Manses are shown at the historic cost of acquisition. Currently there are three manses
housing two serving ministers and the other leased out on short temi basis.
> It Is the policy of the Circuit to endeavour to hold as free reserves an amount approximately
equal to six months of likely expenditure.
> Unrestricted Fund cash resources surplus to meet day to day needs are deposited with the
Central Finance Board of the Methodist Church. Restricted Fund monies are deposited with
The Trustees for Methodist Purposes who in turn deposlt the funds with the Central Finance
Board of the Methodist Church.
> No depreciation is provided on the Circuit's manses. Given the length of life of the buildings
and that these are maintained to a high standard, it is Ihe opinion of the Trustees that the
residual value would be sufficiently high to make any depreciation charge immalerial. This is in
accordance with the principles and policie5 adapted by the Melhodist Connexion.
> Stipendiary Clrcuit Ministers are eligible to join the Methodisl Ministers, Pension Scheme
(MMPS). The MMPS is a funded defined benefit scheme maintained by The Methodist Church
of Great Britain. As the Circuit is unable to identify its share of the underlying assets and
liabilities of the scheme, the Circuit has taken the advantage of the exemption in Financial
Reporting Standard (FRS) 17, Retirement Benefits, and has accounted its contributions lo the
scheme as if it were a defined contribution scheme. The pension costs forthe scheme represent
the contribution payable by the Circuit in the year. The contribution rates are set each year by
the Methodist Conference.
12

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
3. STAFF
The Circuii met the stipends and expenses of the minister working in the Circuit during the year.
The Circuit a150 employed lay worker responsible for administrative duties across the circuit. All
other work is done by volunteers,
4. PENSIONS
All Methodist Minisiers In the Circuit are members of the Melhodist Ministers, Rellrement Scheme.
The circull contrlbutes 25.6Qh Of Stlpends to the fund.
5. RESTRICTED FUND
This fund receives any monies arising from the sale ordisposal of any land or buildings which are
local or circuit property. Capital monies in the fund can be used for the purposes of land and
buildings,the replacement or repair of buildings and for mission purposes as agreed by the circuit.
It is the policy of the circuit to make grants of up to 1 OOA of the costs of any eligible scheme after
the relevant approvals have been obtained.
6. Deemed Cost of Manses
22 Pasture Road
24 Park View
10 Kingsway
January 1951
August 1964
November 1972
3,800
7,300
21,000
32,100
13

WEMBLEY CIRCUIT OF THE METHODIST CHURCH
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Un-
Restricted
Fund
Restrlcted
Fund
2024
TOTAL
2023
TOTAL
7. Resources
ended
a. Direct Mission and Minist
Stipends
National Insurance
Retirement Funds
Travel & Expenses
Circuit Administrator Costs
Telephones
Conferences and Training
Relocation Grant
Print. Post and Stationary
Ministry Total
61,926
5,799
16,355
2,776
12,043
1,979
61,926
6,799
15.355
2,776
12,043
1,979
57,217
5,455
14,658
4,711
9,900
1,663
4,200
4,200
21,037
104,078
104,078
114,641
b. District Assessment
District Assessment
District Levy - Reslricted Fund
District Total
34,084
34,084
3,407
37,491
33,088
3,576
36,684
3,407
3,407
34,084
c. Maintenance of Pro
ert
Manse Repairs (see note 9)
Cost of Letting
Manse and Other Furnishings
Manse Insurance
Manse Utility (Water & Gas)
Council Tax
Church Building Quinquennial
12,177
3,804
550
1,556
1,290
5,842
1,050
12,177
3,804
550
1,556
1,290
5,842
1,050
63,075
3.228
1,475
7,699
1,400
Property Total
26,269
26,269
81.967
d. Circuit Administration
Circuit office
Vestry Expenses
Sundries
Professional Costs
Investment Management
5,429
602
4,084
600
5,429
502
4,084
600
337
5,200
275
1,238
708
346
337
Administration Total
10,615
337
10,952
7.767
14

e. Grants
Connexional
2,000
Grant Total
2,000
Total Resources Expended
175,046
3,744
178 790
243,039
15

WEMBLEY CIRCUIT- METHODIST CHURCH
Notes to the Accounts for the period to 31 August 2024 continued
2024
TOTAL
2023
TOTAL
8. Circuit Assessment
Contributing Church..
Ealing Road
Neasden
Park Lane
Sudbury
40,000
16,000
30,000
34,000
38,000
16,000
28.000
32.000
Total
120,000
114,000
9. MANSE REPAIRS
Kingsway
Pasture Road
Park View
11,920
257
973
56,684
5,418
Total
12,177
63,075
10. DEBTORS AND
PREPAYMENTS
Sundry Debtors (Rent l Assessments I Connexional)
Ealing Road Methodist Church
Neasden Methodist Church
Park View Road Tenants
5,000
1,000
1.000
Total
6,000
1,000
11. CREDITORS AND ACCRUALS
Ministerial Expenses
Quinquennial I Connexional l Repairs
Sundry Creditors - Professional Fees
Park Lane Methodist Church
Relocation Allowance
London Districl CFB
BV Carpenlry & Building Services (BVCB)
Ealing Methodist Church
250
5,000
600
3,350
600
7.002
8,256
275
5,000
600
1,300
4,125
Tolal
25,058
11,300
16

12 NOTES TO THE CASH FLOW STATEMENT
2024
2023
Un-Restrlcted
Restricted
TOTAL
TOTAL
Net loutgoingl I Incoming Resources
Decrease / Ilncrea5el in Debtors
Increase I (Decrease) in Creditors
Unrealised Gains / Ilossesl
12,261
15,0001
13,758
132,3421
(20,081)
{5,0001
13,758
9,682
(82,8521
9,500
3,484
2,369
9,682
Net Cash loutllowl / Inflow from ordinary activftles
21,019
122,660)
11,641)
167,4991
17