##
##
##
##
|Principal|address|Clapham
Methodist|Church|
|---|---|---|---|
|||Nelson's
Row||
|||London SW4 7JR||
|Bankers-||HSBC Plc||
|||Wimbledon
Hill Road||
|||Wimbledon||
|||London. SW197NF||
|||CENTRAL FINANCE BOARD||
|||9,Bonhill Street,||
|||London. EC2A 4PE||
|||CAF Bank Limited||
|||25 Kings Hill Avenue||
|||Kins Hill||
|||West Mailing||
|||Kent ME194JQ||
|Auditors||Adomako Basoah 8c,Co,||
|||45 Tindale Close||
|||Sanderstead||
|||Surrey. CR2 ORQ||
##
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##
|District Chair|District Chair|||Revd Nigel Cowgill|Revd Nigel Cowgill|||
|---|---|---|---|---|---|---|---|
|Superintendent||Minister||Revd Andrew
Dart||||
|Acting
Circuit|Superintendent
Ministers||Minister|Revd Dr Andrew
Lyons
Revd Kristin Markay||||
|||||Revd Lena Ali||||
|||||Revd Rita King||||
|Minister resident||in the|Circuit|Revd Andrew Goodhead||||
|Supernumerary||residing|in Circuit|Revd Gordon Ashworth||||
|||||Revd Graham
Thomas||||
|||||Revd Dani Wright||||
|Circuit Stewards||||Nancy Acquaah||||
|||||Alice Achola-Omara||||
|||||Daniel Sackey||||
|||||Christine
Armor||||
|||||Victoria Odofin||||
|||||Abigail Tagoe||||
|||||Comfort Babawale||||
|||||Elizabeth
Oyeledun||||
|||||Vivian Korley||||
|||||Raymonde
Chintoh||||
|||||Patience
Oluwa||||
|||||Clement Cofie||||
|||||Nana Dormon||||
|Circuit Treasurer||||Kojo Amoah-Arko||||
|Assistant|Treasurer|||Opuwale
Lawson||||
|Circuit Meeting Secretary||||Arabella
Hyde||||
|Local Preachers' Secretary||||Elizabeth
Oyeledun||||
|Property|Group Co-Ordinator|||Robert Smyth||||
|Safeguarding
Co-Ordinator||||Sandra Taylor||||
|Young Peoples' Representative||||Janet Oppong/Danielle||Young|page 3|
##
##
|Streatham|Streatham|Pat Ashworth||
|---|---|---|---|
|||Carl Opare-Addo||
|||Tina Rawlings||
|||Jacob Arkaah||
|Tulse Hill||Christine
Armor||
|||Kwadwo Asamoah-Boadu||
|||Emmanuel
Bentsi-Abban||
|||Carman
Garnet Rose||
|||Agnes Baiden||
|||Trevor Hyde||
|Brixton|Hill|Kathy Rennalls||
|||Janet Oppong||
|||Robert Smyth||
|||Enley Taylor||
|||Nike Musa||
|||Eva Kyei||
|||Kofi Kyei||
|Mostyn|Road|Akuba Forson||
|||Nana
Dormon||
|||Francisca Gaspar||
|Railton|Road|Comfort Babawale||
|||Temitope Tayo||
|||Jennifer Davis||
|||Andy Kalamuso||
|Clapham||Solomon Quaye||
|||Dorothy Blincoe||
|||Antonia
Buamah||
|||Sharon
Bryan||
|||Regina Carrena||
|||Ola Fadugba||
|||Fiona Owuru||
|Stockwell||Rebecca Ekang||
|||Leticia Quayson||
|||Alice Aduku||
|||Nathaniel
Beury||
|||Lorna Simpson|page 4|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|STATEMENT OF FINANCIAL ACTIYITIES FOR THE YEAR|STATEMENT OF FINANCIAL ACTIYITIES FOR THE YEAR|STATEMENT OF FINANCIAL ACTIYITIES FOR THE YEAR|ENDED 31AUGUST|ENDED 31AUGUST|ENDED 31AUGUST|2023||||
|---|---|---|---|---|---|---|---|---|---|
|||Note|Unrestricted||Restricted||Tote I|2022||
|INCOMING
RESOURCES||||f|f|||||
|Charitable
Activities||3.1||258,360||0|258,360|289,080||
|Investment
income||3.2||173,348||150|173,498|105,364||
|Otherlncorne|||||||||859|
|||||1~237 669||150|1237819|395|303|
|RESOURCES EXPENDED||||||||||
|Expenditure
on Raising Funds||4.1.4||155,664||5|155,669|116,206||
|Expenditure
on Charitable|Activities|4.2.3||538,554||8|538,562|504,372||
|Others||4.3||~175703||0|175703|35|147|
|TOTAL RESOURCES USED||||||13|869 934|655|725|
|NET INCOME/
( DEFICIT ) FOR THE YEAR Before Recognised||||Gains||||||
|||||367,748||137|367,R85|(260,422)||
|BALANCE BROUGHT FORWARD||||10,955,157||7,188|10,952,505|11180|927|
|BALANCE CARRIED FORWARD|||11,323,10$||7,285||11,350,590|10310|505|
##
|LAMBETH CIRCUIT
BALANCE SMEET AS A|METHODIS
T 31AUGU|T CHUR
ST 2023|CH|CH||||
|---|---|---|---|---|---|---|---|
|FIXEDASSETS|||unrestricted
Restricted||T0T A L||2022|
|||Note||||||
|Tangible
Fixed Assets
Investments||6.1
6.2|5,550,000
3,420,000||0
0|5,550,000
3,420,000|5,550,000
3,420,000|
|Total Fixed Assets|||8,970,000||0|5970,000|8970,000|
|CURRENT ASSETS||||||||
|Investments||7|'I,8 I0, 185||0|1,810,185|1,496,112|
|Debtors||9|396,743||0|396,743|300,060|
|Bank and cash balances||10|188 859|7285||'I911188|242,421|
||||2,395,787|7,285||2,403,072|2,038,593|
|CREDITORS: Amounts|falling|||||||
|due within one year|||~42 682|||42682|~88088|
|TOTAL NET CURRENT|ASSETS||2 353105|7285||2300390|1,950,505|
|TOTAL ASSETS LESS|CURRENT|||||||
|LIABILITIES|||11323105|7285||11 330 390|10,920,505|
|FUNDS||12||||||
|Restricted
Funds||12.1|0|7,285||7,285|7,148|
|Unrestricted
Funds||12.2|11323 105||0|11323 105|10913357|
||||11323105|7 285||11330390|10920505|
##
|CASH|FLOWS FROM OPERATING
ACTIVITIES|FLOWS FROM OPERATING
ACTIVITIES|FLOWS FROM OPERATING
ACTIVITIES|FLOWS FROM OPERATING
ACTIVITIES|||
|---|---|---|---|---|---|---|
||Net Operating
Income|||||367,885|
||ADJUSTMENT FOR:||||||
||Interest Receivable and Similar|||income||-62,944|
||Non- Monetary
income||||||
||Doubtful
debts provision|||no longer|required|-14,208|
||PRIOR YEAR ADJUSTMENT|||||42,000|
||CHANGES IN:||||||
||T IVI C P Trusts|||||-314,073|
||Debtors|||||-82,475|
||Creditors|||||-45 aftg|
||CASH GENERATED FROM OPERATIONS|||||-109221|
||Interest Received|||||62 644|
||NET CASH FROM OPERATING||ACTIVITIES|||-46277|
||Cash and Cash Equivalent|at the||beginning|ofthe year|242 421|
||Cash and Cash Equivalent|at the||end ofthe|year|196144|
||RECONCILAITION
OF CLOSING CASH BALANCES||||||
||HSBC BANK|||||29,268|
||CENTRAL FINANCE||BOARD|||157,044|
||CFA BANK|||||9,832|
|||||||196,144|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|NOTES TO THE FINANCIAL STATEMENTS
3 INCOMING
RESOURCES|NOTES TO THE FINANCIAL STATEMENTS
3 INCOMING
RESOURCES|NOTES TO THE FINANCIAL STATEMENTS
3 INCOMING
RESOURCES|FOR|THE YEAR ENDED 31,AUGUST 2023|THE YEAR ENDED 31,AUGUST 2023|THE YEAR ENDED 31,AUGUST 2023|( Continued
)|( Continued
)|||
|---|---|---|---|---|---|---|---|---|---|---|
|3,1 Charitabfe
Activities
income||||||||2
0|2|2|
|||||Unrestricted|Restricted|TOTAL||Unrestricte|Restricted|Total|
|||||Funds|Funds||Fund|I und|Fund|Fund|
||||||||2023|||2022|
|Circuit assessments
3.2
Investment
income||||V
258,360|0||E
258,360|E
289,080||E
289,080|
||Central Finance Board Interest
TMCP Interest
Rental Income|||5,676
57,118
110,554|0
150
0||5,676
57,268
110554|581
7,761
97 000|22|581
7,783
9~7000|
|3.3Other income||||173,348|150|173,498||105,342|22|105,364|
||Sale of Lambeth
Mission
Others|Property||804.916
~1045|||804916
1045|0
859||859|
|4 RESOURCES
EXPENDED||||905955|||805961|859||959|
|4.1 EXPENDITURE ON RAISING FUNDS|||||||||||
|4.1.1|DIRECT SPENDING||||||||||
||Properties
Repairs and Maintenance
Rent Collection
Insurance
Legal Fees
Professional fees
Quinaquina
Report
Council Tax, Light and Heat|||114,298
1,579
2,357
0
17,527
2,150
6956|0
0
0
0
0
0
Q||114,298
1,579
2,357
0
17,527
2150
6956|90,553
6,360
2,012
800
2,640
0
2138|0
0
0
0
0
0
0|90,553
6,360
2012
800
2640
0
2138|
|4.1.2|SUPPORT FOR EXPENDITURE TO|||~144867
RAISE FUNDS|0|144867||~104503|0|~104503|
||Governance
costs||||||||||
||Audit Fees
Accountancy
Fees
Book-keeping
charges
Legal Fees
Bank Charges
T M C P Charges|||1,68T
964
1,229
771
122
~1703|||1,687
964
1,229
771
122
1 T08|1,122
641
1,632
0
64
~15'l1|0
0
0
0
0
4|1,122
641
1632
0
64
1515|
|4.1.3|OTHERS|||~6476|||~6481|~4970|4|4~974|
||Telephone
Post, Print and Stationery
Sundry
Expenses
Subscription
Staff Training
IT and Website Expenses|||1,309
1,361
793
611
0
247|0
0
0
0
0
0||1309
1,361
793
611
0
247|922
1,367
3,080
826
107
427|0
0
0
0
0
0|922
1367
3,080
826
107
427|
|4.1.4|SUMMARY OF EXPENDITURE||4~321
ON RAISING FUNDS||0||4~321|6~729|0|~6729|
||Direct Spending
Support for raising funds|||144,867|0|144,867||104,503|0|104,503|
||Governance
Others|||6,476
4321|5
0||6.481
4 321|4,970
6 729|4
0|4,974
6729|
|||||~155664|5|~155 69||116202|4|116206|
##
|LAMBET|H CIRCUIT METHODIST CHURCH|H CIRCUIT METHODIST CHURCH|H CIRCUIT METHODIST CHURCH|H CIRCUIT METHODIST CHURCH|H CIRCUIT METHODIST CHURCH|H CIRCUIT METHODIST CHURCH||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|NOTES TO|THE FINANCIAL STATEMENTS FOR THE YEAR||||||ENDED 31,AUGUST 2023||( Continued||)|||
|||||||||||2|0|2|2|
||||||||Unrestricted|Restricted|Total|Jnrestricted||Restricted|Total|
||||||||Funds|Funds|2023||Funds|Funds|2022|
|||||||||E||||||
|4.2 EXPENDITURE ON CHARITABLE ACTIVITIES||||||||||||||
|4.2.1|DIRECT SPENDING|||||||||||||
||District Assessment||||||75,412||75,412||65,248||65,248|
||Stipends,
Pension|and||NIC|||150,636||150,636||204,375||204,375|
||Salaries and
NIC||||||32,354||32,354||26,091||26,091|
||Circuit Administration||||||5,426||5,426||6,369||8,369|
||Ministers'
travelling||expenses||||3741||3741||2 503||2503|
||||||||267 569||267569||306586||306586|
|4.2.2|SUPPORT FOR CHARITABLE|||||||||||||
||ACTIVITIES|||||||||||||
|4.2.2.1|Premises Expenses|||||||||||||
||Repairs to Manses||||||113,528||113,528||3,269||3,269|
||Manses Utilities||||||18,559||18,559||12,918||12,918|
||Quinaquina
Report||||||8,b12||8,512||2,340||2,340|
||Insurance||||||6968||6968||6692||6692|
||||||||147567||~147567||25 2'I9||25 219|
|4.2,2,2|Governance
costs|||||||||||||
||Audit Faas||||||2,513||2,513||3,078||3078|
||Accountancy
Fees||||||1,436||1,436||1,759||1,759|
||Book-Keeping Charges||||||1,829||1,829||4,476||4,476|
||TMCP Charges||||||2,536||2,544||4,147||4,156|
||Bank Charges||||||182||182||177||177|
||Legal Fees||||||1 149||1 149||~3600||~3600|
||||||||~9645||9653||17237||17246|
|4.2.2.3|Others|||||||||||||
||DAF Contribution||||||100,206||100,206|138,077|||138,077|
||Telephone||||||1,950||1,950||2,531||2,531|
||Post, Print and Stationery||||||2,026||2,026||3,750||3,750|
||Youth Expenses||||||7,334||7,334||4,260||4,260|
||Ascension
Trust Project||||||920||920||5,520||5520|
|Apprenticeship
levy|||||||1 337||1337||~1183||1183|
||||||||~113773||113773|155321|||~15 321|
|4.2.3|SUMMARY OF EXPENDITURE|||||ON CHARITABLE ACTIVITIES||||||||
||Direct Spending||||||267,569|0|267,569|306,585|||306,586|
|Support for charitable||||activities||||||||||
||Premises||Expenses||||147,567||147,567||25,219||25,219|
||Governance||||||9,645||9,653||17,237||17,246|
||Others||||||~11377||113773|155321|||~156321|
||||||||538554||538562|~504363|||5~04 372|
|4.3 OTHER||||||||||||||
|Sundry Expenses|||||||1,181||1,181||8,452||8,452|
|Subscription|||||||911||911||2,267||2267|
|Payroll Costs|||||||0||0||960||960|
|Staff Training|||||||0||0||295||295|
|IT and Website Expenses|||||||368||368||1,173||1173|
||Lambeth
Mission Redevelopment||||||187,348|187,348|||0||0|
|Bad Debts|||||||0||0||22,000||22,000|
|Gleaning|||||||103||103||0||0|
|Doubtful
Debts Provision|||||no longer required||-14208||-14208||0||0|
|Total Other expenditure|||||||175703|175703|||36147||35 147|
||||||||||||||page 20|
##
|AR AD|JUSTM|ENT|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
|Under|stated|Rental|Income|in|prior|years|4~1000||
##
|6. FIXED ASSETS||||||||
|---|---|---|---|---|---|---|---|
|6.1TANGIBLE FIXED ASSETS||||||Freehold||
|||||||Land &||
|||||||Buildings||
|COST OR VALUATION||||||f||
|As at 1September
2022 and 31,August||2023||||5,550,000||
|DEPRECIATION||||||||
|As at 1September
2022 and 31August||2023||||||
|NET BOOK VALUE||||||||
|As at 31August 2023||||||5,550,000||
|As at 31August 2022||||||5,550,000||
|6.2 FIXED ASSETS INVESTMENTS||||||||
|COST OR VALUATION||||||Freehold||
|||||||Land 8||
|||||||Buildings||
|||||||f||
|As at 1September
2022 and 31,August||2023||||3,420,000||
|NET BOOK VALUE||||||||
|As at 31August 2023||||||3,420,000||
|As at 31August 2022||||||3,420,000||
|No depreciation
has been provided|in respect of||tangible|fixed|assets for the year as the|||
|trustees are ofthe
opinion that the|maintenance||programrnes||to which these properties||are|
|subjected to ensures that the estimated||residual|values|are not less than the stated values.||||
|7.INVESTMENTS||||2023||2022||
|The following
funds are held by TMCP on behalf|||of|f||||
|the Circuit||||||||
|Sale of Property
-Trust 15175||||23,075||22,420||
|De-Rourcier Bequest - Trust 8976||||4,322||4,322||
|De-Bourcier Bequests - 8976A||||3,205||3,114||
|De-Bourcier Bequests
—8976B||||12,298||11,948||
|Bernard Searle Bequest- Trust 17694||||1,605||1,559||
|Circuit Model Trust
-Trust 22136|||1,765,680|||1,452,749||
||||1,810,185|||1,496,112||
##
|8.INCOME FROM|MA|TERI|AI. INVESTM|ENT HOLDINGS||
|---|---|---|---|---|---|
|||||market value|Income for|
|||||at 31/08/23|the year|
|||||f|f|
|Investment||Property||3,420,000|110,554|
|Investment||with|TMCP||57268|
|TOTAL||||5 220 185|157822|
|9.DEBTORS||||||
|||||2023|2022|
||||||f|
|Circuit Assessments|from churches|||302,490|251,658|
|Due from other Methodist|||Circuit|72,056|18,518|
|Rent Debtor||||0|3,500|
|Sundry Debtors||||6,115|4,670|
|Prepayments||||16,082|21,714|
|||||396,743|300,060|
##
||||2023|2022|
|---|---|---|---|---|
|||||f|
|HSBC|Current|Account|29,268|91,155|
|CAF|||9,832|5,913|
|CFB|||157,044|145,353|
||||196,144|242,421|
##
||||2023|2022|
|---|---|---|---|---|
||||f|f|
|11.CREDITORS: Amounts
fallin
Rent Received
in Advance
Due to other Methodist
Church
Sundry Creditors
Accruals and other Creditors|due within one|ear|6,636
29,445
6,600|4,219
60,000
13,402
10,467|
||||42,681|88,088|
|subsequently
carried at amortised
impairment.
12.FUNDS|co|st|using|the ef|f|ective|interest|me|thod,
|less|any|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|12.1 RESTRICTED FUNDS|||||||2023
f||2022
f|||||
|Balance Brought Forward||01/09/2021|||||7,148||7,139|||||
|Incoming
Resources|||||||150|||||||
|Resources Expended|||||||-13|||||||
|Balance Carried
Forward 31/08/2022|||||||~7285||~7148|||||
|12.1.2 DETAILED RF5TRICTED FUNDS||||||||||||||
|||||||2|0|2|2|||||
|Ministeria|Benevoler|||TOTAL||Ministerial||Benevolent|||Total|||
|Training
f|Fund|f||2023
f||Training
f||f
Fund||||2022
f||
|Bal. Brought Forwar(
4,043||3,105||7,148|||4,037||3,102||||7,139|
|Receipts
100|||50||150||15||||||22|
|Payments||||||-13|||||||-13|
|Bal. Carried
Forward
4134||3|151|7|285||4043||3|105|||7 148|
|The IVlinisteriai
Training fund is|set up||to provide training||||and development|||for|local|preachers||
|in the Circuit||||||||||||||
##
|12.2 UNRESTRICTED FUNDS||||
|---|---|---|---|
||2023||2022|
||E|||
|Balance Brought Forward|10,913,357|||
|Prior-Year Adjustment|~42 000
10955 357|10,955,357|11,173,788|
|Incoming Resources||1,237,669|395,281|
|Resources Expended|||-655 712|
|BALANCE CARRIED FORWARD||11323105|10913357|
##
|13DETAILS OF C|ERT|AIN ITEMS OF|EXPEND|ITURE||||
|---|---|---|---|---|---|---|---|
|||||2023|2022||2022|
|||||F|f|||
|||Audit Fees||4,200|4,200||4,200|
|||Accountancy|Fees|2 400|2400||2 400|
|||||6,600|6,600||67600|
|14.PAID EMPLOYEES||||||||
|||||2023|2022|2022||
|||||E|f|E||
|Salaries, Employers
Pension Contribution
And Employers
National
Insurance||||3Z,354|26,091||26,091|
|Average number|of|employees||||||
##
##
##
|15.2 TRAN|SACTIONS
WITH RE|LATED PARTIES||
|---|---|---|---|
|During the|year, four Ministers|who are also Trustees received stipends|and expenses,|
|||2023|2022|
|Stipends||150,636|204,375|
|Reimbursed|Expenses|3,741|2,503|
##
##
##
##
|19.APPORTIONMENT|OF SUPPORT|OF SUPPORT|COSTS AMONGST|COSTS AMONGST|COSTS AMONGST|ACTIVITIES.||||
|---|---|---|---|---|---|---|---|---|---|
|||||||2
0|2|2||
||Charitable|Expenditur|||Total|Charitable|Expenditure|Total||
||Activities|o raise||funds||Activities|to raise funds|||
|GOVERNANCF.||||||||||
||f||f|||f|f|||
|Audit|2,513||1,687||4,200|3,078|1,122||4,200|
|Accountancy|1,436|||964|2,400|1,759|641||2,400|
|Book-keeping charges|1,829||1,229||3,058|4,476|1,632||6,108|
|Bank charges|182|||122|304|177|64||241|
|Legal Fees|1,149|||771|1,920|3,600|||3,600|
|T M C P Charges|2 544||1|708|4 252|4 147|||5 662|
||9 653||6|481|16134|~17237|~4974||~22 211|
|OTHERS||||||||||
||f|||f|f|f|F|||
|Telephone|1,950||1,309||3,259|2,531|922||3,453|
|Post, Print and stations|2,026||1,361||3,387|3,750|1,367||5,117|
|Sundry Expenses|1,181|||793|1,974|8,452|3,080||11,532|
|Subscription|911|||611|1,522|2,267|826||3,093|
|Staff training|||||0|295|107||402|
|ITand Website costs|368|||247|615|1173|427||1600|
||6466|6|4621||~10757|~18468|~6729||~25 197|