STOKE NEWINGTON METHODIST CHURCH
Charity Registration Number: 1185026
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

sroKE NEWINGTON MEfHODIST CHURCH
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
CONTENTS
PAGE
Reference and admlnistratlve detalls
Trustees report
Statement of Trustees, responslbllltles
Independent Examlner's report
9-10
Statement of Flnanclal Activltles
li
Balance sheet
12
Notes to the accounts
13-19
Page I

STOKE NEWINGTON MeTHODIsf CHURCH
REFERENCE AND ADMINIStRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2022
The address of the registered offlce of the Stoke Newlngton Methodist Church for the Charities
and any other legislation Is:
Stoke Newington Methodist Church
106 Stoke Newington High Street
London
N16 7NY
Tel: 02072541488
Web: www.hackneymethodist.org
Senlor management team
Rev Andrew Letby
Rev Paulo Bassa Da Sllva
Investment managers:
Central Flnance Board of Methodlst Church
9 Bonhlll Street
London
EC2A 4PE
Bankers:
TSB Bank
539 Hlgh Road
Tottenham
London
N17 6SD
CAF Bank
25 Kings Hill Avenue
West Malling
Kent
ME19 4QJ
Independent examlner:
Aklntayo Ojo FCCA
Resource Accountancy Pract0￿ knmited
Chartered Certifled Accountant
46 Hollywood Way
Erith
DA82QE
Page 2

STOKE NEWINGTON MEfHODIsf CHURCH
REPORT OF THE TRUSTEES
FOR YEAR ENDED 31 AUGU￿ 2022
The Trustees present thelr report and the examlned accounts of the Stoke Newington Methodist
Church for the year ended 31 August 2022. The Trustees have adopted the provision5 of the
statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities. (FRS 102) In
preparlng the annual report and accounts of the Charity.
The accounts have been prepared In accordan￿ wlth the accountlng pollcles set out In note I to
the accounts and comply with the Charity's goveming document, the Charitles Act 2011 and
Accounting and Reportlng by Charltles: Statement of Recommended Practice applicable to Charities
preparing thelr accounts in accordance wlth the Flnancial Reportlng Standard appllcable In the UK
and Republlc of Ireland (FRS 102)
Governance
The governlng body of the Methodlst ChLJrch Is the Methodist Conference, which meets annually.
The authorlty under which the Conference Acts Is given by Methodist Church Act 1976.
We are governed by the Methodlst Churches Conststutional Prartice and Discipline and all Charlty
Law of the United Klngdom.
The Church Is govemed by the Methodist Church Art 1976, the deed of Unlon and the Model Trusts
of the Methodist Church are and shall be deemed to have been slnce the date of union of
advancement of: (a) the Chrlstlan falth In accordance to the dortrlnal standards and dlsclpllne of
the Methodist Church (b) any charitable purpose for the tlme belng of any Connexlonal Distrlct,
Circuit, local of other organisatlon of the Methodist Church (c) any charltable purpose for the time
being In any society or Instltutlon or subsidiary or anclllary to the Methodist Church. In setting our
objectlves and plannlng our actlvlties, the charlty has given careful conslderatlon to the Charity
Commlsslon's guidance on public beneflt and In partlcular to Its supplementary publlc beneflt
guldance on advanclng our obJectSves as set above.
The Stoke Newington Methodist Church Is a part of the Hackney and Stoke Newlngton Methodist
Clrcult, and is registered wlth the Charlty Commission with the number 1185026.
Full Name of Charity: Stoke Newlngton Methodlst Church
Charlty Registratlon Number: 1185026
Date of Registratlon: 27 August 2019
Maln Communication Address: Stoke Newington Methodist Church
106 Stoke Newington High Street
London
N16 7NY
Page 3

STOKE NEWINGTON MEfHODIST CHURCH
REPORT OF TrIE TRusfEES (continued)
FOR THE YEAR ENDED 31 AUGUST 2022
Trustees
The full Ilst of Trustees who served during the reportlng year of the accounts were as follows:
The trustees who Joined or reslgned during the year have the date of appointment or reslgnation
stated beside thelr names
Rev Andrew Letby
Rev Paulo Bessa Da Silva
Esther Adekunle
Lola Bello
Clord Dyer
Rosaline Lall
Laura Dyer
Roland Hogan - reslgned 01.09.21
Mary Campbell
Ellzabeth Aggrey
Ekow Egyir
Alexandra Weekes Aggrey - appolnted 03.07.22
Ollve Johnson
Cora Woolcock
Erlc Ayoola
Joy Bello
Mary Browne
Methods of appolntment or electlon of Trustees
The management of the charity is the responsibility of the Trustees who a￿ elected and co-opted
under the terms of Its governlng documents and in line wlth the Methodlst Church.
Oryanlsatlonal Strurture and d•clslon-m•klng pollcles
The Charlty Is organised so that the Trustees meet regularly to manage the affalrs of the Charlty. A
Mlnlster manages the day to day admlnistratlon of the church with the support of the Church
stewards and an Operatlons Manager.
Poll¢les adopted for the Inductlon and tralnlng of Trustees
Most Trustees are already familiar with the activities of the Charity as they are drawn from
members who have the sklll set to offer and empathlse with our core values. Newly elected Trustees
are encouraged to attend training.
Objectlve and purpose
The calling of the Stoke Newington Methodist Church is to respond to the gospel of God's love In
Chrlst and to live out its dlsclpleship in worship and mission. This 15 expressed through Worship,
Learnlng and carlng, Evangelism and Service. The Church Is committed to Use its resources in
clearly focussed and Intentional way to ensu￿ an effective response to the needs of our
congregations and wlder community.
Actlvltles
The mission of the Church is to worship God as it ￿lebrateS its diversity according to the teachings
of Jesus Christ. Through soclal ministry, prayer and pastoral care we will express God's kingdom of
love.
Page 4

STOKE NEWINGTON METHODIST CHURCH
REPORT OF THE TRusfEES
FOR YEAR ENDED 31 AUGUST 2022
Actlvltles
Both church congregations have continued to meet regularly for worship on Sunday5, combining for
some services including communions. The Hackney and Stoke Newlngton Methodist Clrcult have also
contlnued online worship on Sundays, and also online weekly prayers.
The Listenlng Place has been runnlng throughout the year on Tuesdays at High Street and on
Wednesdays at Green Lanes, with a number of volunteers serving drinks and light refreshments for
our vlsltors, who have been growing in number. This has been coordinated by Rev Paulo Bessa Da
Silva and some volunteers.
A Brazllian congregation meets monthly for worshlp and fellowshlp at Hlgh Street, led by Rev Paulo
Bessa Da Sllva and other Brazlllan ministers and friends.
There are actlve nurserles running at both church sites, and other Indlvlduals and groups have hired
rooms at the churches.
The charlty contlnues to fund an Operatlons Manager who works across the two sltes.
Achl¢v•ment8 and performance
The church malntalned worship at both sltes durlng the yearand contlnue to share fellowshlptogether.
The Llstenlng Place has reached an Increasing number of people from our local community. The hlrlng
rooms has Increased during the year in report. Dlstrlbutlng of hot meals to the homeless and to low
Income families which takes place In partnershlp wlth Falth Clty Church on the last Monday of every
month.
Investments
The Investments of surplus funds Is operated vla Central Finance Board (CF8) of the Methodist
Church. CFB aims to provlde hlgh quality Investment service seeklng above average returns for long
term Investors, whilst ensurlng that the securltles held by all Its funds a￿ In Ilne with the ethical
pollcy of the Methodlst Church. The Church has its funds In a deposlt account wlth CFB.
Public ben•flt requlrement
The trustees have due regard to the guldance published by the Charltles Commisslon in compllance
wlth its dutles under section 4 of the Charities Act 2011.
This guidance sets out two key prlnclples:
l. The organisation must have an identifiable beneflt.
2. The beneflt must be to the publlc or a section of the publlc.
The Church exlsts to:
Increase awareness of God's presen￿ and to celebrate God's love;
help people to learn and grow as Christians, through mutual support and ca￿. and
be a good nelghbour to people in need and challenge injustice.
The Trustees consider that for these reasons the charity meets these public benefit requirements.
Page S

sroKE NEWINGTON METHODIsf CHURCH
REPORT OF THE TRUSTEES
FOR YEAR ENDED 31 AUGUST 2022
Flnancial revlew
Stoke Newington Methodist Church is funded to a large extent by a day nursery on each church slte.
There is a flat which brings in a monthly rental and also other hirers from the communlty make
regular and one-off use of the premises. Income is also ￿￿1Ved through the offering from the
congregatlon.
The varlous propertles are funded from their Sncome on a day to day basis.
The value of the charity's funds as at 31 August 2022 was £3,628,968. (2021 Is £66,735).
Trustees, Interests
The ministers who are Trustees of the charlty are pald a stlpend from the circult and are glven a
manse for the mlnisters and their family to Ilve. The councll tax and also an official telephone Ilne
wlth broadband facilities to enable them carry out their services as ministers a￿ pald by the clrcult.
These arrangements are practiced through the Connexion.
Apart from these, no other Trustees have been pald for their serrflces to the Charity.
Rlsk management
The charity has reviewed Its rlsk pollcles and Is produclng a Risk Reglster hlghllghtlng the various
r15ks faclng the charltyi the Impact and the likellho¢)d of them happening. The main headlngs under
whlch these rlsks have been categorised are:
Trustees, Responslblllties
Membershlp and mlsslon
Resources, people and property
Flnance
Legal
These risks are revlewed regularly to ensure effectlveness.
Reserve$ pollcy
The Charity Is in the process of creatlng a reseprfes policy which will be brought to the Trustees for
approval.
The primary purposes of the charity are:
(i) to carry out the objectives of the Methodlst Church as reported above.
(11) to support the work of the ministers, lay employees. charity officers and Church members In
their various responslbllities In relation to the charity's overall mission.
Page 6

sroKE NEWINGTON MEfHODIST CHURCH
REPORT OF THE TRUSTEES
FOR YEAR ENDED 31 AUGUST 2022
RESERVES POLICY
The reserves policy in connection wlth this purpose will seek to maintain sufflclent funds to ensure
the payments of the Circuit assessment and lay employee's salary, and to meet the needs of the
rL¢nning costs of the church, for a given period of time.
The unrestricted funds are for the purpose of the Charlty.
PLANS FOR THE FUTURE
The charity wlll continue to meet for In person worshlp on Its two sites, and also contlnue and
develop The Llstening Place under the co-ordination of Rev Paulo Bess Da Sllva. We also plan,.
To have a weekly prayer meeting durlng the working hours of The Ilstenlng place at Hlgh Street.
To provide a 'Warm Spa￿, ( openln9 The Llstenlng pla￿ for extended hours durlng the winter
months).
To have a Christmas Party for the vlsltors to The Llstenlng Place.
There are plans to forni a Brazilian congregation who wlll meet for worshlp and fellowship at Stoke
Newlngton High Street In the comlng months led by Rev Paulo Bessa Da Sllva and other Brazlllan
mlnlsters and friends
Approved by the trustees on
and slgned on thelr behalf by:
Mr Clord Dyer
Trustee
Rev Paulo Bessa Da Sllva
Tru•t•e
Page 7

STOKE NEWINGTON MEfHODIsf CHURCH
STATEMENT OF TRUfftES RESPONSIBILrriES
FOR YEAR ENDED 31 AUGUST 2022
statement of Trustees. responslblllty
The Trustees are responsible for p￿parIng the Trustee's Reports and Financial Statements In
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Charity law applicable in Unlted Klngdom requires the Trustees to prepare flnanclal accounts for each
flnanclal year, whlch glve a true and fair vlew of the state of affairs of the Charlty's financial activitles
during the year and of its flnanclal posltlon at the end of the year.
In p￿parIng these accounts, the Trustees are requlred to:
Select suitable accounting pollcles and apply them conslstently;
Observe the methods and prlnciple5 in the Charities SORP;
Make Judgement and estimates that are reasonable and prudent.
state whether appllcable accountlng standards have been followed subject to any material departure
disclosed and explalned in the accounts, and
Prepare the flnanclal statements on a golng concern basls unless It Is Inapproprlate to
presume that the charlty wlll contlnue In operation.
The Trustees are responslble for keeplng proper accountlng record5 that dlsclose wlth reasonable
accuracy at any tlme the flnanclal posltion of the charlty to enable them to ensure that the accounts
comply wlth the Standlng Orders of the Methodist Church, the Charities Act 2011, The Charlty
{Accounts and Reports) Regulations 2008 and other ￿gUlatiOns. They are also responslble for
5afeguardlng the assets of the charlty and for taking reasonable steps for the prevention and detectlon
of fraud and other Irregularlties.
Approved
the trustees on
and signed on thelr behalf by:
Mr Clord Dyer
Trustee
Rev Paulo Bessa Da Silva
Trustse
Page 8

sroKE NEWINGTON MEfHODisf CHURCH
INDEPENDENT EXAMINERS REPORT
FOR YEAR ENDED 31 AUGUS[ 2022
Independent examiner's report to the Trustees of Stoke Newlngton Methodlst Church
('the Charlty,)
I report to the charity Trustees on my examination of the accounts of the Charity for the year
ended 31 August 2022 set In pages 11-19.
Responslblllties and basis of report
As the trustees of the Charity you are responslble for the preparation of the accounts In
accordance with the requirements of Charltles Act 2011 ('the 2011 Act,).
I report In respect of my examlnatlon of the Charlty's account carried out under sectlon 145 of the
2011 Act and In carrylng out my examlnatlon I have followed the applicable Dlrectlons given by the
Charity Commlsslon under sectlon 145(5)(b) of the 2011 Att.
Independent examlner's statement
Your attentlon Is drawn to the fact that the Charlty has prepared the accounts In accordance wlth
Accountlng and Reporting by Charitles: Statement of Recommended Practice appllcable to charltles
preparlng thelr accounts in accordance with the Financial Reportlng Standard appllcable In the UK
and Republic of Ireland (FRS 102) in preference to the Accountlng and Reporting by Charltles:
Statement of Recommended Practlce issued on l Aprll 2005 whlch Is referred to In the extant
regulations but has been wlthdrawn.
I understand that this has been done In order for the accounts to provlde a true and falr vlew In
accordance wlth the generally Accepted Accounting Prattice effective for reporting perlods
beglnnlng on or after l January 2015.
I have completed my examination. I confimi that no matters have come to my attention in
connection wllh the examination glvlng me cause to believe that in any materlal respect:
l. accountlng records were not kept In respect of the Charity as required by sectlon 130 of the
2011 Act; or
2. the accounts do not accord with those records. or
3. the accounts do not comply with the appllcable requlrements conceming the form and content of
the accounts set out in the Charltles (Accounts and Reports) Regulatlons 2008 other than any
requirement that the accounts give a 'true and falrf vlew which in not a matter consldered as part
of an independent examination, accounting records were not kept In respett of the Charity as
required by settion 130 of the 2011 Art.
Page 9

STOKE NEWINGTON MEfHODIsf CHURCH
INDEPENDENT EXAMINERS REPORT
FOR YEAR ENDED 31 AUGUST 2022
Independent examlner's statement - contlnued
I have no concern and have come across no other matters In connectlon with the examination to
which attention should be drawn in order to enable a proper understandlng of the accounts to be
reached.
Thls report Is made solely to the Charity's Trustees, as a body in accordance wlth Part 4 of the
Charitles (Accounts and Reports) Regulation 2008. My work has been undertaken so that I might
state to the Charlty's Trustees those matters I am requlred to state to them in an independent
examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibility to anyone other than the Charlty and the Charlty's Trustees as a body, for my
work or for thls report.
Aklntayo Ojo FCCA
A••oclatlon of Chartered c•rtth￿ Accountsnts
Independent examlner
Resource Accountancy Practlce Ltd
46 Hollywood Way
Erlth
DA8 2QE
Dated:
Page 10

STOKE NEWINGTON MEfHODIST CHURCH
STATEMENT OF FINANCIAL ACTIvrrIES
FOR YEAR ENDED 31 AUGUST 2022
Unr¢rtrlct•d Re•trlcted
Funds
Totsl
Total
Fund*
Fund¥
Notes
2022
2022
2022
2021
Incomlng resources
Church Offering & benevolence
Rental income
Donations
Grant income and Interest
8,489
177,790
894
165
8,489
177,790
894
165
5,157
155,703
345
51
other income
Total Incomlng resour￿$
3,514,202
3,514,202
Resources expended
Clrcult assessment
38,250
2,000
23,491
16,923
56,645
2,000
139,308
38,250
2,000
23,491
16,923
56,645
2,000
139,308
55,250
Grants and donatlons
Stipend and staff cost
Charlty costs
Support costs
Management and governance cost
Total re￿UrCeS expended
15,956
5,443
56,477
3,118
136,244
io
li
Net{outgolng)Ilncoming resources for the year
3,562,232
3,562,232
25,012
Tota5 funds at the start of the year
66,736
66,736
41,724
Balance at the end of the year
3,628,968
3,628,968
66,736
The Statement of flnanclal activities Includes all gains and losses recognised in the year
The notes on pages 13 to 19 fom part of the financlal statements
Page 11

STOKE NEWINGTON MEfHODIsf CHURCH
BALANCE SHE
AS AT 31 AUGU￿ 2022
Total
Totsl
Fund¥
Funtts
Funds
Fund•
Notes
2022
2022
2022
2021
Flxed assets
Tangible fixed assets
12
3,514,202
3,514,202
Current assets
Debtors
Cash at bank and in hand
CFB funds
Total
13
14
109,319
37.541
109,319
37,541
63,596
37,384
15
Total ••$ets
3,661,062
3,661,062
100,980
L••$: current Ilabllltles:
Credltors..
Amount falling due withln one year
16
32,095
32,095
34,245
Net current assets
3,628.968
3.628,968
66,736
Net Jssets
Flnanced by: charlty funds
General - restrlrted
General - unrestrlcted
3,628,968
3,628,968
3,628,968
3,628,968
66,736
66,736
The financial statements were approved and authorfsed for Issue by the Trustees and slgned on thelr
behalf by.,
Mr Clord Dye
Trustee
Rev Paulo Bessa Da Sllva
Trnstee
The notes on pages 13 to 19 form part of the financial statements
Page 12

STOKE NEWINGTON MEfHODIST CHURCH
NOTES TO THE ACCOU￿[S
FOR Y&qR ENDED 31 AUGUST 2022
l. AccouTrtlng pollcles
(a) Accountlng conventlon
These accounts have been prepared in accordance with Charities Act 2011 and Accounting and
Reporting by Charities; Statement of Recommended Prartice applicable to charities preparing their
accounts in accordance with the Financial Reportlng Standard applicable In UK and Republlc of Ireland
(FRS 102). Stoke Newlngton Methodist Church is a Public benefit Entity as defined by FRS 102.
Stoke Newington Methodist Church has taken advantage of the provisions In the SORP for charities
applying FRS 102 Update Bulletln I not to prepare a Statement of Cash Hows.
The accounts are prepared In sterllng, whlch Is the functlonal currency of the charlty. Monetary amounts
are rounded to the nearest pound.
The accounts of the Stoke Newlngton Methodlst Church have been prepared under historlcal cost
convention, modifled to include the valuation of investment properties and certain flnanclal instruments
at fair value. The principal accounting policies are set out below.
(b) Golng Concern
At the year end, the charlty had unrestricted general reserves of £20,000 and It wlll contlnue to recelve
income from property ￿ntaI5 and donations during 2023. If requlred, It can also seek flnanclal support
from other Methodist Church entities. The Trustees acknowledge the adverse effect of the Covid
pandemlc has had on not only the serVI￿S It offers to Its worshlppers, but also on Its flnances but most
of the challenges have been overcome. Thus, at the tlme of approvlng thls account, the Trustees have
reasonable expectation that the Charlty wlll have sufficlent financlal resources to contlnue in operatlonal
exlstence for the foreseeable future.
(c) Fund accountlng
General funds are unrestrlcted funds which a￿ available for use at the dlrection of the Trustees in
furtherance of the general objectives of the Charity and whlch have not been deslgnated for other
purposes. Restricted funds are funds which are to be used in accordance wlth the specific restrlctions
imposed by the donors whlch have been ralsed by the charlty for a partlcular purpose. The cost of
raising funds are charged against the specific fund. The alm and use of each restrlrted fund Is set out In
the notes to the financlal statements where appllcable.
(d) Income rttognltlèn
All Income is recognlsed once the charlty has entitlement to the Income, it Is probable that the income
wlll be re￿iVed and the amount of income receivable can be measured reliably. Income tax recoverable
In relation to investment income is recognised at the time the Investment Income is receivable.
Page 13

STOKE NEWINGTON MrfHODIsf CHURCH
NOTES TO ThE ACCOUNTS
FOR YEAR ENDED 31 AUGUST 2022
l. Accountlng pollcles - Contlnued
(e) Benevolence
Benevolence funds have been historlcally contributed by members to support those In need.
(f) Grants and donations recelved
Grants from third parties are included when the relevant condltlons for the grant have been met.
(g) Voluntary Income
Voluntary income comprises donatlons and contdbutlons and is accounted for when entitlement has
been confirmed, the amount can be measured and receipt is probable.
(h) Rental Income
Rental Income from Investment properties is accounted for on a recelvable basis.
(i) other Incom•
Other income Is accounted for on recelvable basls.
(J) Investment Income and Interest
Interest on deposits and Investments Is accounted for on recelvable basls
(k.) Expendlture
Expendlture Is recognlsed once there Is a legal constructive obllgatlon to transfer economlc benefit to a
thlrd party. It is probable that a transfer of economic beneflts will be required In settlement and the
amount of obllgatlon can be measured reliably. Expendlture is classifled by actlvlty. The costs of each
activlty are made up of total of dirett costs and shared costs, Including support costs Involved In
undertaklng each actlvlty.
(l) Expen•••
All expendlture is accounted for on accrual basls. Any ensurfng Ilabllltles are recognlsed as soon as a
legal or constructlve obllgation arises.
(m) Circuit assessment
Clrcuit a55essment Is accounted for on an accrual basis.
(n) Cash flow
The financial statements do not Include a cash flow because the church, as a small reporting entity Is
exempted from the requirement to prepare such a statement under the Financial Reportlng Standard for
Smaller Entities (effectlve 2002).
Page 14

STOKE NEWINGTON MEfHODIsf CHURCH
NOTES TO THE ACCOU￿rS
FOR YEAR ENDED 31 AUGUST 2022
l. Accountlng pollcles - Contlnued
(o) Tanglble flxed assets depreclatlon
Assets having an inltlal cost of £IOOO or less are written off on acquisition. Fixtures and fittings, offlce
and computer equlpment havlng an Initial cost g￿ater than £IOOO are stated at cost less depreclation.
For these accounts all fixtures and fittings have been written off as in the expenditure and not
capitallsed.
(p) Cash and cash equlvalents
Cash and cash equivalents include cash In hand, deposits held at call wlth banks, other short-term
Investments with orlglnal maturities of three months or less.
(q) Flnanclal Instruments
The charlty has elected to apply the provlslons of Sectionl I 'Baslc Flnanclal Instruments. or FRS 102
to all Its flnanclal Instruments.
Flnancial instruments are recognised In the charlty's balance sheet when the charlty becomes party to
the contractual provislons of the instrument.
Flnanclal assets and Ilabllltles are offset, with the net amounts presented in the accounts, when there
Is a legally enforceable rlght to set off the recognised amounts and there Is an Intention to settle on a
net basls or to realise the asset and settle the Ilabllity slmultaneously,
(r) Baslc flnanclal a•sets
Baslc financlal assets, which Include other debtors and cash and bank balances, are Inltlally measured
at transactlon prlce Including transactlon costs and are subsequently carried at amortlsed cost using
the effectlve Interest method unless the arrangement constitutes a financlng transaction, where the
transaction is measured at the present value of the futu￿ ￿CeIpts discounted at a market rate of
Interest. Flnancial assets are classlfied as recelvable wlthln one year are not amortised.
(s) Basic flnanclal Ilabllltles
Basic flnanclal Ilabllltles, including other payables are initially recognised at transattion price unless
the arrangement constltutes a flnanclng transactlon, where the debt instrument is measured at the
present value of the future payments dlscounted at a market rate of Inte￿St. Financial liabilities
classified as payable withln one year are not amortlsed.
Page 15

STOKE NEWINGTON METHODIST CHURCH
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 AUGUST 2022
Total
Totsl
Funds
Fund$
Fund•
Fundg
2022
2022
2022
2021
l. Church Offering•
Offerings
Benevolence
8,489
8,489
5,157
8,489
8,489
5,157
2022
Z022
2022
2021
2. R•ntal In¢om•
Academic Nursery
Glnger Nursery
Green Lanes Flat
Other Room Rentals
78,440
83,128
13,160
3,062
177,790
78,440
83,128
13,160
3,062
177,790
72,075
67,836
15,792
155,703
2022
2022
2022
2021
3. Donatlons
Donatlons
other credlts
440
454
894
440
454
894
345
345
2022
2022
2022
2021
4. Grant Income and Interert
Inte￿st
Grants
165
165
51
165
165
51
2022
2022
2022
2021
5. Other Incom•
Fair value of the church bulldlng
3,514,202
3,514,202
3,514,202
3,514,202
Page 16

sroKE NEWINGTON METHODIST CHURCH
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 AUGUST 2022
Total
Total
Fund•
Funds
Fund•
Fund*
2022
2022
2022
2011
6. Clrrult AgseMm•nt
Payment to Methodist church clrcuit
38,250
38,250
55,250
7. Gr•ntA •nd Charlty donatlon•
2022
2022
2022
1021
Grants - Benevolent
Charity donation
2,000
2,000
8. Stlp•nd •nd Staff rn•t
2022
2022
2022
2021
Premlses and operatlonal manager
23,491
23,491
15,956
9. Co*t of actlvltle• In furthernnc• of:
Charity's objects
Telephone and broadband
Church group
Donatlons
Muslc Ilcences & envelopes
Insurance
Church expenses
2022
2022
2022
2021
1,389
829
170
10,340
2,787
1,408
16,923
1,389
829
170
10,340
2,787
1,408
16,923
839
766
2,548
1,290
5,443
10. Support co•ts
2022
2022
2022
2021
Premlses costs
utilities & water costs
Cleaning & waste disposal
Repairs
Fees
7,488
21,532
4,483
22,999
143
56,645
7,488
21,532
4,483
22,999
143
56,645
6,982
23,330
2,003
24,058
104
56,477
11. Management and govern•nu Costs
2022
2022
2022
2021
Accountancy fees
Consultancy fees
2,000
2,000
2,000
1,118
3,118
2,000
2,000
Page 17

roKE NEWINGTON MEfHoDIST CHURCH
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 AUGUST 2022
Notes Freehold land Freehold land
12 & Building
& Bulldlng
2022
2021
12. Tangible assets
Falr valuatlon
At 31 Aygu•t 2022
3,514,202
13. Debtors
2022
2021
Debtors balances
14. Cash balances
2021
2021
Total balances held In all current accounts at perfod end
109,319
109,319
63,596
63,596
15. CFB Balances
2022
1021
CFB Account 08587010
CF8 Account 08587020
7,096
30,445
37,541
7,066
30,318
37,384
16. Credltors
2022
2021
Accrued accountancy fees
Deposlt - nursery rent
li
2,000
30,095
32,095
4,150
30,095
34,245
17. Related party transactlon
During the year, the charity paid institutlonal grants to Methodist Church Clrcult such as the
Circult assessment fees stated In note 6
18. Net lncomlng resour¢es/(Resources expended)
This Is stated after charging
Accountant's fees
2022
2021
li
2,000
2,000
Page 18

STOKE NEWINGfoN MEfHODisf CHURCH
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 AUGUST 2022
Notes
19. Muslc Ilcence & envelopes
2022
2021
Muslc for services
CCLI licences
Donation5 envelopes
9,578
762
260
319
187
766
10,340
20. Utllltle•
2022
2021
Electriclty cost
Gas cost
Water cost
11,806
6,594
3,132
21.532
14,233
7,003
2,094
23,330
21. Cleanlng & Waste dl•po8al
2022
2021
Cleaners costs
Waste dlsposal to local councll
3,106
1,377
4,483
896
1,107
2,003
22. Trustees remuneratlon
Durlng the year, no Trustee received any remuneration
Durlng the year, no Trustee recelved any beneflts in kind
2022
2021
23. Taxatlon
stoke Newlngton Methodlst Church Is a registered charity and all of its artlvities are tax exempt
under rules of taxatlon granted to charities.
24. Analysls of net assets between funds
Analysls of net assets between funds: current pertod
General
General
Funds
Funds
2022
2021
Tanglble fixed assets
Current assets
Creditors amount falling due within one year
Creditors amount - Deposit for building rent
3,514,202
146,860
2,000
30,095
3.628.967
100,980
4,150
30,095
66,735
Page 19