BATfERSEA AND WANDIE VAIIEY CIRCUIT
Chaflty Relstration number- 1185469
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2021

BATfERSEA AND WANDLE VALLEY CIRcurr
Charlty Registration number- 1185469
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. AUGUST 2021
TABLE OF col￿ENTS
PAGE
Charfty I1￿orMatiOn
TNste85 Report
2to
Auditorf5 Re[￿rt
7t010
alanco Slwl
12
Notes to ts Fin￿(￿81 Stateme
13to24

BATTERSEA AND WANDLE VALLEY CIRCUIT
Charity Registration number- 1185469
FINANaAL STATEMENTS FOR THE YEAR ENDED 31. AUGUST 2021
CHA￿ INFOIIMATION
Principal athlress
20-22, York Road
Battersea
[K)nd0￿ SWI 13QE
LLOYDS BANK PLC
25, Gresham Street,
London EC2V 7HN.
CENTRAL FINANCE BOARD
9, Bonhill Street,
LA)ndon. EC2A 4PE
Accountants and Auditors
Adomako Basoab & Co.
45, Tindale Close
Sanderst¢ad
South Croydon
SuTrey. CR2 ORT
page I

AThERSEA & WAPIDLE VAiLEY ORCUIT
TRUSTEES REPORT ANDACCOUNTS FOR THE YEAR ENDÉD 31, AUGUST 2021
The Trustees p￿sent their report togethér wlth the Audited financlal statements forthe year
ended 31 August 2021.
BASIS OF ACCOUNTS PREPARATION
The financial 5tstements have been prepared in accordance with"Accounting and
Reporting by Charrt*s: Statement of Recommerbded Practice applicable to charitFes
preparing their accounts Trn accoidano wlth the Financial Reporting Standard applicable
in the UK and Republic of Ireland l FRS 1021 Isecond Edrtionl" and the Financial
Rewrtlng Stsndard applicable in the United Klngdom and Republlc of Ireland l FRS 1021
aTrJ the Charitie5 Act 2011 and UK Generally A(￿pted Prn¢ti¢e a5 it applies from
l January 2015.
The financial staternents have been prepared to give a 'true a+KI fal￿ vlew and have
departed from the Charitres { Accounts and Rewrts l Re8ulation 2(M18 only to the extent
required to provide a 'true and fair view". This departure has involved followi
'Accounting and ReportirE by Charities: Ststement of Recommended Practlce
applicabFe to charities pffeparingtheir accounts in accordance wfrh the Financial
Reportlng Starnjard applicablè in the UK and Republic of Ireland l FRS 1021 { Second
Edition I ratherthan the Accounting and Reporting by Charities .' Statement of
Recommended practi￿ effective from l. April 2￿5 which has since been withdrawn"
The disclosure above is necessary a5 the Charities l Accounts and Reports l Aegulatlons
2008 have not been amended to pemiit the use of the SORP I FR5 1021. It is
retommended bythe Charity Commlssion In sectlon 8 of their publitation "charlty
reporting and accountin[. the essentials, March 2015". which is available from their
website.
The financlal Statements have been prepared in accordance with the accounting wllcies
set out in Note 2 to these accounts, and in accordance with the 8overninB document of the
Clrcult
GOVERNING DOCVMEKf AND OBJEcfivE
The governin8 document for the arcutt15 the Deed of Union11932} and the Methodist Church
Act119761.
The Purposes of the Methodlst Church are and shall be deemed to have been since the date
of the union, the advancement of..
la) the Christian faith in accordance with the doctrin31 standards and dsscipline
of the methOd￿t Church:
Ibl any charitable purpose5 forthe time tse1￿ of any Connexional, district, fjrcvlt.
local or other oruanisation of The Methodist Church;
Icl any ch3rltable purpose forthe time belng of any soclety or Instttutlon substdlary
or anclllary to The Methodlst Church-
Idl any purpose forthe time being of any charity subsidlary orancillary to The
Methodist Church.
Iri strNing to achieve its obiectives, the Trustees gNe careful conslderntion to the Chaiity
Commlsslon's general guidan￿ on public benefit.
Page 2

BATfERSEAAND WAIIDLE VALLEY aRCUIT
TRUSTEES REPORT AND ACCOUPITS FOR THE YEAR ENDED 31. AVGusf 2021 ( corrtlnued
We confimi that the Circuit 15 a publlc benefit entty as defineil by FRS 102.
The Corcuit Trustee5 have paid due regard to guidance issued by the Charity Commlsslon in
deciding what activities the Circult should undertake.
Missloft Statement
Our mission Is to stimulate and support Chri5tran people in their life of faith and to build a
lively and friendty Christian community which Is committed to working wlth others In the
neighbourhood and in the Boroughs ofwandsworth, Merton and Sutton in reswnse to
human needs and the building of a just society.
As we faithfvlly Ilsten to God in prayer we will seek t4) achleve the followi￿..
>To provide the structure for enabllng worship. pastoral care aThJ training
to take place in and through out our circuit churches.
> To enable and sUPPOrt work directed outwards Into our local communit5es
in servi￿ and social action.
> To provide resource5 for church development and growth.
> To recognise and rejoi￿ in the diverse social, ecumenlcal and inter-falth
Context which underlies all that we do.
> To provlde the adminlstratlve support which will release anfl enable the
members of our churthesto lfve out theircalling to worship. learnlng and caring
service and evangelism
God has been. and i& our strength in times of challenges in our mission and in our joumeyi
h•$ and will contrnue to be ourguide. We pray for His contlnued presence vath us In all our
endeavours.
REFERENCE A14D ADM11115fRATJVE DETAILS OF THE CHARITY, ITSTRUSTEES
AND ADVISORS
The Clrcult Is managed on a dayto day basls by the SupÈrintendent Mlnlstertogether with
three other Ministers. paid support staff, and ¥olunteer5.
The Managing Trustee5 rneet from time to time to oversee the Cir¢u5t matters.
Revd R05amund Holling5WOrth
Mlnlsters
Revd Japhet Kabilu.
Revd Patrick KarKJeh
Revd George Quarni
Revd Rosamund Hollingsworth
Revd. Saldu Kanu
Ilefto¥(X8120211
Ileft cWog120211
ined 08109120211
rcutt Stewards
Ms Marie G￿eni￿ge
MrEdward Oppong
Mr Kop Amoah-Arko
Mrjoe Nithlanandan
Ms Doreen Daley
Mrsjoyce W Campbell
Orcult Treaswer
Mrstephen Hlenno
pa8e 3

BATfERSEA AND WANDLE VALLEY aRCUIT
TRUSTEES REPORT AND ACCOUNT5 FOR THEYEAR ENDED 31. AUGUST 2021 { Cortlnued )
RucfuRE GOVERNANCE AND MANAGEMENT
The Bovernlng document for the clrcult is the Deed of Unw)n119321 and the Methodist Church
Act119761.
Detailed governan￿ arrangements are OLrtllned wlttdn the Constitutronal Practice and
Disclpline of the Methodlst Church by order of the annual confe￿n￿ ICPDI.
The Connexional office Impleme1￿ decision5 made by Conferen￿ and 15 also responsible
for the Ststionlng of Presbyters in individual Clrcuits.
Connexional declslons are pa55ed to the Chair of the Dlstrltt and approwlate officers of the
District fr)r Regional implementation.
The District passes contn>l down to Circuit level for local Implementstion by the
superintendent Minister, Mirti5terial stsff and Circuit Stewards via the medium of the Circuit
Meetings.
Membership of the fircuit Meeting is laid down in the Constitutional Practices and
Discipline of the Methodist Churth. The member5 of the Circuit Meetlng are the Trustees of
the Circvit.
During the year. M5 Marie Greenidge stÈppÈd down as senror Clrcuitsteward due to
health rea50n5. She has been replaced by Ms Doreen Dalay.
TRu￿EE5
The T￿￿teeS of the Circurt are selected from 8 glven office holders of the Methodist Church
Due to the number of indNidual churches In the circuit and the fact thatthe majority of the
corajlt meeting members are those Èlected by individual chur¢he5, it is dear that the make-
up of the Meetln8 is subject to frequent change& It is therefore imprdctical to list all the
name5 of those ser¥in8, but in surnmary, the￿ were 33 trustees in the cir￿lt as at 31. August
2021 A list of trustees Is entered and updated on the Charity Commission website on regular
basi5.
CHURCHES WIThIN THE aRCUIT
The Circuit is part of the London District. and is also attountable to the Methodist Conference.
The following Methodist Churches are linked to the Clrcuit.
Battersea Methodist Mi$5ion
8roomwood MethDdi5t Churth
Mitrham Methodlst Church
st Heller Methodist Church
StJohn's Methodlst Church
Tooting Methodist Church
Upper Tooting Methodist Church
AaiiEVEMEiifs AND PERFORMANCE
The Circuit has Plxed empha51s on promoting and equippi￿ Lay preachers thro￿1 the
provision of tTrlnlng and developmÈnt opportunities, and on identifying and promoting the
gifts and Skills, among thè people of our churches to meet the challenge of 'our calling..
To datè, the Circuit has 21 a¢credited, 3 on note and 2 on trial Local preacher5. AJSO identified
are two worshlp leaders In trdining.
pa8e 4

BATTERSEA AND WANDLE VALLEY aRCUIT
TRU5fEES REPORT AND ACCOUlIt5 FOR THE YEAR ENDED 31, AUGU5F 2021 { ContI￿ed I
ANANaAL REVIEW
The Clrcuit made a net deficft of £25.863 before galns on revaluation of Investments In
year12020- £19,462 surplus l .
The Circuit 3sse55rnerrt is the main backbone of the CirtulV5 income. The assessment income
15 5UPP05ed to be sufficient to ensure that the Circuit carrles out its functional dutles of
overseeing and supporting the local churches.
Variou5 factors are tsken into account in arriving at the Individual l¢xal churches, a5sessmenty
and It Is fett that è faI￿r system of assessment is currentty in place.
Rental income of the Clrcult plays a sigrbtficant role in the Clrcuit's flnances
tt is the Intention of the Circuit to continue to rent out all Its current four properties forthe
foreseeable f￿ure.
The Twstees endeavourto maintsln sufficient Re5efves to enyjre that the Clrcutt is on
"going concern. basis at all times.
The Circuit General Fund IUnre5tritted general furKII balano at the end of the year was
£3,767,524
The value of the Circuit propertres I both tsnbrible fixed a55ets and fixed a55ets Investment I
InCI￿led in the general fund figure of£3.767.524 is £3.712,315
Our reserves pollcy Is to hold at least 6 month's expendlture. I￿rth the current level of
annual expendlture of £302K. the expected level of ReseNe5 should be £151K, compared to
the artual ￿adIlY available reserves I Circuit General Fund balance less propertles value I
1 £3.767K- £3,712 K l of £55K The reser¥es are substsntially less than the requlred level and
the Trustees Intend to tske the approprlate measures to brlng the actual reseryes In Ilne wtth
the expected level.
The Slr Henry Holloway TTUSt IEndowment fund) balance at the of the year was £6.063.
This is a fuTrJ set up specitlcally to Ilse part of the Income to contribute towards the stipend
cost of a Deaconess employed ty Upper Tooting Methodist Church and a payment to the
Superinter￿ent Minlster of the Circuit whith the Upper Tooting Methodist Church is part of.
The net income earned in the year under revlew is £95.
Rlsk Analysls
The Twstees continue to examine the prinapal areas of operations and consider what major
ri5k5 that could arise in each of these areas. Appropriate resources and review systems are
put in place to minimise such risks to an atteptable level wherever risks are identified.
PLANS AND PAST ACtIVlTIES.
Revd. Patrick Kandeh leftthe Clrcuit at the end of the financial yearand hi5 farewell party
was held on 03. August 2021.
Revd. Japhet Kabilu has now fully settled in the Circuit, and Revd Saldu Xanu also Joined
the Circuit on 08, September 2021.1
All the flve Investment propertbes of the Cirturt available for rentlnB are now fulty rented OUL
page 5

8ATtERSEA AND WAN0￿ VALLEY aRCU
TRusfEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31, AU6vsf2020 1 Continued )
Afier revE*7￿ the'gENng concem. assessm&tt document of the havè conduded that the
)ing concern basi8 remains an 8ppropYrate basis of preparation ￿theSe ftnanthl slatements.
St*mentof Trustees. Responslbililies.
The Irustsès are responsible for preparing the Trustees. report and financ￿1 statherts in accordarr
Wbth applicat4e law and United ￿'ngdoM AccountirvJ Standardy {United Kingdom Gènerally Accèpted
The law apF4ica￿8 to cforrtrtt In ErrfJlaThJ and Wales requires the 1nths to prepare a￿]UnIS
for Financtal year whKh gNe a true and fairmew of the stste of affairs of Ihe rircuit arKF of
thè (r￿Ming re8fwr¢e8 8nd appltcallon of res￿ree9 of the CwtsJf( for that year.
In wepaving these arrnunts. tho truste￿ 8re wuired lo..
. 8elect Suitable wxounting pdldes and then apF4y them c#)nsk8tenly.
- oLKserv8 the melh(xls and Ffflnclple5 in th8 Charlttes SORP.
make judgem8nts ar￿ esb'males that are reasOna￿e and prudenL
' state whether applicabJe* aCUwntir￿ slandards have been folkJw8d. subjgctto any
materi* depariure5 disdosed and 8xplaiwJ in the 8ccounts," and
. Prepare thè accourts on a gThng concem ba$b unles5 it 15 inapprowiate to
presume that fv ¢htJrth will continue in owation.
The trustees ¥e reS￿nSit￿e for keepirg suffiderrt actounting r￿{￿S that dlscbs4 wlth
rèasonable acturacy at ary time, thèfinarri81 position of Ihe Chjrch and that 8nablè thgm lo
e￿Ure that the accounts o)mply with the charit￿s Acl 012011. the appwriate Charity
{A¢x(wnts aNI RepoTtsI Regulations and the prowsions of th8 trnst deed. They are also
responsible for Saf￿ardIng th8 8SS8ts of the Church and hence frff tsklng reasonab
steps for the prevention and detection of fraud and other irreg￿ritIes.
APPROVAL
Thi5 Ra￿t vras approved byth? Circuit trustees on ...
signed on rls behaw ty:
24aTr
Ms Doreen Da
Senior ¢JrruitSteward
page 6

INDEPENDENT AUD￿OR's REPORT TO THE TRUSTEES OF BATTERSEA AND WANDLE
VALLEY CIRCUIT
REPOAT ON THE FINAPIQAL sfATEMENTS
QUAUFIED IJPINION
We have audited the financial statements of Battersea and Wandle Valley Circuit l The Csrcult I
forthe yearended 3L August 2021, which comprise of the Ststement of Financlal Activities,
the Balan￿ Sheet and the related note5 to the financial 5tstements, including a sumFnary of
significant accounting policies.
The financial reporting framework that has been applied in their preparatlon Is applicable Law
and United Kingdom Accounting Stsndard5, including Financial Reporting standard 102, Thè
'Finanoal Reporting Standard applicable in the United Kingdom and Republic of Ireland"
l United Kingdom Generally Accepted Accounting Prarti￿1
In ouropinion except for the effects of the matter described in the basis for quallfted
opinion Section, the financpl ststements..
> give a true and fairview of the Circuit's State of thlrs as at 31, August 2021
and of its incomlng resources and appllcatlon of resources lorthe year then
ended
> have been properl¥ preparèd in accordance with United Klngdom Genernlly
Accepted AccountinE Prattice; and
> have been prepared in accordance with the requirements of the Charities
Act 2011.
BASIS FOR QUAUFIED OPINION
The values of the CFrcuit propertses In these accounts a￿ at Methodlst Insurance
Company's "rn5ured values". The'lnsurèd values are nÈlthÈr"Original Costs" nor
"fair values" arising from propervaluation5 of the pmperties. Instead the'insured values"
are the.￿plaCement costs" of the properties.
The valuations do not separate the value of the Land from the value of the bulldings.
Consequently, the valuations of the propertle5 in these accounts do not conform to the
United Kingdom Generalty Accepted Accountin8 PrdrtI￿ l FRS 102 1 which require5
properties to be shown in the accounts at either original costs or"fairYdluÈs' l FRS 1021
the value of land to be separdtÈd from the value of the buildrn8S.
The same valuation basis was applied in the previous yeavs financial statements.
Con5equentty the current yea￿5 financial ststements ar￿ the openirb8 balances of the Circuit'5
financial statements could contaln errors and mrsststements whlch materially could affect
the current yearfs finanoal statements.
We conducted our audft in atcordance wtth Intemational Standards on Auditing I UK I IISAS
IUKI and applicable law. Our responsibilities under those standards are further described In
the Auditor's responsibilities for the audit of the financlal ststements sertion of our report.
We are Independent of the Clrcult in accordance with the ethital requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'5 Ethical
Standard, and wè have fulfilled our other ethical responsibilities in accordan¢e with these
requlrements.
page 7

INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF BArrER5EAAND WANDLE
VALIEY CIRCUIT
We beI￿ve that the audlt evldence we have obtained is sufflcient ar￿ appropriate to
provide a basis for our qualified opinion.
CONCWSIIXS RELATING TOGOING C014CEffN
In auditing the financlal ststements, we have concluded that the trustees, use uf the
going concern basi5 of accounting in the preparation of the financial statements is
appropriate.
Based on the work we havÈ performed, we have not identified any material uncertainties
relating to events or conditions that. indlvldually or colledively, may cast &8nificant
doubt on the Circuit's ability to continue as a going concem for a pertod of at least
twefve months from when the financial statements are authorised for issue.
Our responsibilities and the responslbilttie5 of the trusteeswith respect to golng Concem are
described in the relevant Sections of the ￿POrL
OTHER INFORMATION
The other Inforn￿tiOn comprlses the Informath)n included in the annual report other than
the fina￿[al statements and our auditor's report the￿on.
The Trustees are resm)nsible for the other information contslned withift the annual report.
Our opinion on the financial 5tstements does rnt coverthe other information and. except
to the exterrt otherwise explicttly stated in our report, we do not express any form of a55urance
conclusion thereon.
Our responsibility is to read the other Infomiation and, In dolng so. conslderwhether the
other infomiation is materially inconststent with the financial statements or our knowledge
obtained In the course of the audit or otherwlse appears to be materialty misststed. If
we identifysuch material Inconsi5tencles or apparent material mlsstatements, we are
requlred to determlne whether this gives rlse to a material misstatement in the financlal
statsments themselves. If. based on the work we have performed, we conclude that the
Is a material mlsstatement of this other inforn)atlon. we are requlred to rep)rt that faa.
We have nothing to report in th15 regard.
MATfERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
Except for the matter described in the basis for qual[r￿d opinion of OLW report, we have
thlng to report in respect of the following matters in relatlon to which the Chaiities
(Accounts and Report l Regulations 2008 requlre u5 to report to you. if in ouroplnion .
> the inforniat5on glven in the trustees, re￿rt is incon51stent in any materlal respect wlth
the finandal sratement5: or
> sufficient accounting record5 have not been kept: or
> the financial statements are not in agreement with the accounting recorfis and returns; or
> We have not received all the infomiatton and explanations we required fr>r our audlL
RESPOP151BIUTIES OFTHE TRU5fEES
As explalned more fulty in the Trustees, Resp)nsibillties Statement set out on pages 6 and 7,
the Trustees are responsible for the preparation of the financial statÈments and for being
satisfied thatthey 8ive a true and fair vlew. and for such internal control as the trustees
detem)Ine 55 necessaryto enable the preparation of the financial ststements that are free
from material misstatement, whether due to fraud or error.
In preparirkg the financial ststements, the trustees are responsible for assessing the Circ(tft's
ability to continue as a going concern. dlsclosing, as applicable, mattets related to golng
concern and using the 80ing concern basis of accouniing unless the trustees eithèr intend to
Ilquidate the Circult or as to tease operations, or have no reallstlc alternatlve but to do so.
page 8

INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEES OF BATfERSEA AND WANDLE
VALLEY aRCUIT
( ¢ontlnued )
AUDITOR'S RESPONSIBILITIES FOR THE AUDITOF THE RNANOALSTATEMEf4T
We have been appointed as Auditors under ￿CtiOn 144 of the Charities Art Zoll, and report
in accordan￿ wrth the Act and relevant regulations made or havlng effect thereunder.
Our objectives are to obtasn ￿asonable assuran￿ about whether the financial ststements as
whole are free from material misstatement whether due to fraud oremr, and to Issue an
audltols report that Includes our opinion. Reasonable assurance is a high level of assurance.
but 15 not 4 guarantee that an audit condLKted in accordance with ISAS l UK I will always
detect a material misstatement when fc exists. Mlsststement can arise from fraud or error
and are considered material if, individualfy or in aggregate. they could reasonably be
expected to infiuence the economic decisions of users tsken on the basis of these financial
ststemenls.
The extent to which our procedure5 are capable of detecting irregularities, including fraud is
detailed below.
> A5 part of an audit in accordance with ISA5 IUKI, we exera5e professional
judgement and maintain professional scepticism throughout the audit.
>At the commencement of the audit, we obtsined an understandlng of the legal
and regulatory framework appllcable to the fjrcuit. and how the Circuit is
comptying wtth that framework.
> We assessed the 5usceptiblllty of the Clrculvs financkl Statements to material
misstatsmen¢ induding how fraud mlght Dccur
> Our engagement prlnclpal'g assessment of whether the e￿agerne￿t team
ollectively had the appropriate competence and capabilities to Kientify or
recognize non-compliance with laws and regulatlons.
> all matter5 about non-compliance with law5 and regulations and fraud whith
were detected by the engagement team were to be communicated to the
en8agemert prlnclpal.
> Evaluate the over411 presentstlon. Structure and content of the finaKlal
Statements, induding the di5closurÈs, and whÈther the finantial ststsmonts
represent the Under￿ing transactions and events In a manner that achieves fair
presentation.
A further descripth)n of our responsibilities for the audit of the financial ststements is located
on the Financial Reporting Council's website at .'https: l/www.froorg.uVauditorresponsibilrtie&
This descrlptlon forms part of ouraudltor's report.
USE OF OUR REpoffr
This rewrr is made solely to the Circujtirustees, as a body, in accordancÈ with Part 4 of the
Chaiitie5 { Accounts and Reports } regulation5 2CQ8. Our audtt work has been undertaken so
that we might state tothe circ￿lt'S trustees those matters we a￿ required to state to them in
ao auditoes report and for other purpose. To the fullest exteiit pemitted by law. we do
page 9

INDEPENDE￿AUDITOR,s REPORT TO THE TRusfEES OF BATTERSEA AND WANDLE
VAUEY aRCU
I contlnued I
not accept orassume re5ponslblllty io afbyone otherthan the fjrcuit and the Clrcuit trustees
as a body, for our audit work, forthis report. orforthe opinions we have fornied.
024
Adomako
ah&Co.
statutory Audltor
45, Ttndak C105e
Sanderstead
South Croydon
Surrey. CR2 ORT
ADOMAKO BASOAH & CO is elig1b￿ for appolntmentas Auditor ofthe fjrcuit byvirtue of Its
eligibility for appointment a5 auditor of a wmpany under section 1212 of the Companies
Att 21J)6.
P38e 10

BATTERW4AND WAPIDIE VALLEYCIROJIT
srATEMENfoF FIP4ANOALAcnvmESK* THE YEARENDED 31AUGUST2021
Note
Unrestritttd Restricted Endwnent
IPICOMING RESOURCES
Charitsble Act6vftles
97.647
97.647 Is3￿81
Inve5trnent Income
177.207
95
177,302 104.720
Othtr Incorne
L278
1,278
315
276,132
95
276.227 288.916
RESOURCES£XPENDED
ExpendItUre￿ Raisin8 Fund5
Expendlture on Charrtsble Actlvltles
Others
io
26AS0 20.634
240.280 242,961
35,360
5,859
240,280
35360
43
TOTAL RESOUR￿ USED
301080
io
302,090 269.454
Ilèt income befor• investment 8ains rnthe year
125,9481
125.8631
19.462
Gain5 on Revzluatlon of Irwestrnents
940
-92
￿￿INcOmE
I25.￿>
1025
Transferbthween Funrts..
84
N￿INCOME FOR THEYEAR
125.8641
941
I249￿)
19.370
BALANCE BROUGHT FORWARD
3,793388
1336
5.122 3AI,846 3 78147
8AiANCECARNIED FORWARD
767J24 1336
61￿ 4775.913 3￿146
Thwa no fuwllw wnsl 00￿) dhwthan the sUr￿U51￿(￿￿raI) ts th• the yèar.
The n¢*es on pagos 131024 fonn an knt•Jral olthese finandal
pa98 11

8ALAJ4CE SHEET ASAT 31 AUGUST 2tr11
2021
2020
FIXED A88ETS
T*KJfdèAss
In￿tments
936302
9XZOZ 1.231.e88
ITT6,113 LL27
Totsi Fix•dP4*1*
712 315
3.n¥15
1711315
5.153
134.243
42.K27
10
11
87,210
67,210
114,997
182223
12
1.933
TOTAL CuRR￿ASS￿8
I21.￿]
TOTALASSEfs LESS CURRENT
LL48IUTIES
CREDrroRS.' Arthxthtsfalliry
¢*Jotslhe n•*t 12 m¢yths
13
744
FLWOS
Funts
14.1
14.2
083
&122
Unr&sffictsJ FwKb
1800.84$
Thg notss on t•geB 13 to 24 furn an Integ￿ part
O￿tytheCtr￿
thalr b8hdfby:
/.... 202*nd sign￿
srEPH
IENNO
REV. ROS4AIUND HOLUNGSWORTh
Cjrcutt Tre&wr
SUP￿￿￿ertt ￿n[sI
pggg 12

BATTERSEA AND WANDLE VALLEY aRCUIT
NOTESTO ThE FINANaALSTATEMENTS FOR ThE YEAR ENDED 31, AU6UST2021
I. BASIS OF ACCOUNTING
1.1 The financial statements have been prepared In accordance with "Accounting and
Reporting by Charitles.. Statement of Recommended Practice applicable to charitie5
preparing their accounts in accordance with the Finandal Reporting Standard applicable
in the UK and Republic of Ireland l FRS 1021 (Second Edition)" and the Financial
Reporting Standard applicable In the United Klngdom and Republic of Ireland l FRS 1021
arbd the Charities Act 2011 and UK Generally Accepted Practice as It applies from
l January 2015.
The financlal statements have been prepared to give a'true and fairf view and have
departed from the Charitie51 Accounts and Reports l Regulation 2Lh)8 only to the extent
required to provide a 'true and fair view,. This departure has involved following
'Accountlng and Reportlng by Charitles: Statement of Recommended Practice
applicable to charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland l FRS 102 I I Second
Edition I rather than the Accounting and Reporting by Charitie5: Statement of
Recommended Practice effective from L April 2￿5 whlch ha5 Since been withdrawn..
The disclosure above is necessary as the Charitle51 Accounts and Reports l Regulatlons
2008 have not been amended to penmit the use of the SORP I FRS 1021. Itls
recommended by the Charlty Commlssion In section 8 of their publication'charity
reporting and accountlng.. the essentials, March 2015" whlch is avallable from their
website.
The financial Statements have been prepared in accordance with the accountlng policles
set out In Note 2 to these accounts. and in accordance wth the governi￿ document of the
Clrcutt
1.2 The Circuit constitutes a public benefit entlty as defined by FRS 102
1.3 No changes to accounting estimates have occurred in the reFX)rtin8 period.
IA No matertal prToryearerror have been identified in the reporting period.
2. ACCOUNllNG POUCIES.
INCOMING RESOURCES
2.1 Rewgnwtion of Income
Income are recogni5ed and Induded in St*ement of Financial ActNlties ( SOFA I when..
> The Circuit becomes entitlÈd to the resources;
ttls more likely than r*)t that the trusiees will ￿ceIve the resource: and
> The monetsryvalue can be measured with sufficient reliability.
> Circuit Assessment IrKome recognition is based on the Circuit'5 Bui*eted
assessment on each individual church in the fjrcuit.
> Rental Income ts ye￿gniSed on the basis of the rent as perthÈ rentsl
agreements.
page 13.

BATTEIIWI AND WANDLE VAiLEY CIRCUtT
NOTE5 TO THE FINANaALSTATEMENTS FOR THEYEAR ENDED 31. AUGUST 20211 contlNed
2.2 Offsettir
There has been no offsetting of assets and liabllities, or income and expenses.
unless required or pemiitted by the FRS 102 SORP or FRS 102
2.3 Grants and Donations
Grants and Dunations a￿ only included In the SOFA when the general Income
recognition criteria as ststed above are met.
2.4 Legacles
Legacies are included in the SOFA when receipt is probable, that Is, when there
has been grant of probate, the Execirtor5 have established that there are
Sufficient assets in the estste and any conditions attached to the legacy are
either wlthln the control of the charlty or have been met.
2.5 Tax Reclaim on Donatlons and Grfts
Gift Aid receivable is included in income when there ￿ a valid declaration from
the donor. Any Gift Ald amount recOVe￿d on a donation is considered to be part
of that gift and is treated as an addition to the same fijnd as the initial donation
unlessthe donor orthe tern7s of the appeal have Spectr￿d otherw15e.
2.6 Donated Goods
Donated good5 a￿ measured at fairvalue.l the amount for which the asset could
be exchanged l unles5 impractrcal to do so.
Goods donated for on*olng use by the Circuit a￿ recOgn￿ed as tangible fixed
a55ets and Included in the SOFA as incominE resources when re￿1Vable.
Gifts in kind for use by the Circuit a￿ included in the SOFA as Income from
donations when recelvable
2.7 Donated Services and Fa¢ilitie5
Dorbated Servi￿ and facllities are included in the SOFA when r￿e1ved at tt
valLse of the gift to the Circuit provided the vaiue of the Efft can be measured
reliably.
2.8 Volurrteer Help
The value of any voluntary help ￿ceiVed is not indwled In the attount5.
2.9 Settlement of Insurydn￿ Claims
Insurdno claims are only ir)duded in the SOFA when the general income
recognition criteria are met and are Induded as an item of other income in the
SOFA
2.10 Income from Interest, Royalties and Dlvldends
This is Induded in the accounts when ￿elpt is pmbable and the amount
recelvable can be measured reliabty.
2.11 Investment gains and losses
This includes3rbV realised or ￿n￿aliSed galns or losses on the sale of
investments and any galn or loss resulting from revaluing investments to
marketvalue at the end of the financial year.
page 14

8ATfERSEA AND WANDLE VALLEY CIRCUtr
NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ÈNDED 3& AUGUST 20211 continued )
APPUCATION OF RfSOURCE&
2.12 Ll8billty Recognitlon
Llabilttre5 are recoBni5ed where it is MO￿ Ilkely than not that there Is a legal or
constructhTe obligation committing the Circuit to pay out resources and the
amount of the obli8ation can be measured with reasonable ￿rtainty.
2.13 Grants.
Grants and donations are accounted for when paid.
2.14 Costs dlrertly related to the work ofthe dr¢uiL
The district assessment and ministerlal stipends are accounted for when due.
AXED ASSET&
2.15 Freehold land al￿ Imildings
Freehold land and bulldlngs are accounted for at or¥n31 Cost or subsequent Vall￿tIon basis.
T#￿Ible Flxed A$5ets
These 3re the manses managed bythe CIKult. The Circuit manages four Manses
Fixed Asset In￿￿rnents
These are the propertie5 managed bythe arcult with the view to generate Income orfor their
investment potential.
In the year under revlew. there were foursuch properties. Including one clos￿-to-wOrShIP
churth building.
The freehold land and burtdln8s mentioned above ale shown in these accounts at deemed
valuations, being that property's insurance rèinstatement value, as notlfled by Methodlst
Insurance Company Plc. Changes in the values of the properties as notified by the Methodist
Insuran￿ Company PIC a￿ reflected in these accounts on fve-year basis
2.16 CAp￿ALISATION
All tsngible Fixed Assets and fixed Assets Investments whose costs are in excess of £l.tXXJ In
the year cortcemed are capitalised. Otherwrse such costs a￿ written off in the year of the
expenditure.
2.17 DEPRECIAnON.
Depre¢i8ble tsngible freehold building values are depreciated at a rate cakvlated to wrlte off
the c05t, less resrdual value over their expected useful lives.
No Depreciation is provided on freehohj land.
No Depreciatlon is provided on Fixed Assets Investment propertres.
Rate of Depreciation on t3￿ible freehold building5- 2.5% on Stra￿ht line bas1S.
OTHER ACCOUNTING ￿laEs
2.18 Funds
2.18.1 Unre51ricted fijnds represent funds which are expendable at the discretton of the
Circuit in the furtherance of tts objects and whiLth have not been deslgnated for other
purpose5.
2.18.2 Restricted funds can onty be used for specified purpose5. The purpose of any restrlcted
fvnd is noted in the financial statements.
page IS

8AThERSEA AND WANDLE VALLEY aRallT
P40TES TO THE FINANaALSTATEMEP4TS FOR THE YEAR ENDED 31. AUGUST2021 ( ¢onthued I
2.18.3 Permanent Endowment Fund represents a grft of endowment where the trustees have
no power to convert the capital into income. A permanent endowment fund must nom)ally be
Indefinitely.
2.18.4 Expendal)le Endowment Fund represents a gtftofendowment where t￿￿tee5 have the
powerto convert all or part of the endowment fund into income.
2.19 Consolidation
The Circuit oversees the work of ministers and lay Worke￿ in churches withtn the Circuit, but
does not have control over those churche5, ministers. or the lay worke15. For thi5 reason. the
financial 5tstements of the churches within the Circuit are r￿t consolidated into these
financial ststements.
2.20 Golng Concern
At the time of apwoving the flnancial statements, the Trustees have a reasonable expectstion
that the Circult has adequate resources to continue in tweratlonal existence for the
foreseeable fv￿re. Thus the Trustees have therefore continued to adupt the going concem
basi5 in preparing the Circult's finandal statements.
221 Employment BÈnÈfits
Thè cost of any unused holiday entltjement is recognised in the period in which the
employee's services are received.
2.22 Taxatlon
In the opinion of the tnstee5. the Circultls exempt from the Unlted Kingdom Taxation on its
Incomi￿ resource5 for the year.
2.23 Accountlng e5tlmates and judgements
It? the application of the Clrculvs accountlng policles. the trustees are required to make
Judgements. estimates. and assumption5 about carryrn8 amount of assets and IE3knlities that
are not readlly apparent from other reSour￿s. The estlmates and associated assumptions are
based on historic experien￿ and other factors that are considered to be relevant. Actual
result5 may differ from these estimates.
The estlmates and underlwng assumptions are revlewed on an ongoing basis. Revisions to
accountin8 estlmatÈ5 are recognised in the period in which the estimate is revis￿ where the
revlslon affects only that period, or in the period of the revision and futu￿ perlods Whe￿ the
revision affets both CUT￿nt al￿ future perfods.
2.24Apportlonrnevrt Of Costs Between ActNities
Govemance and Other Costs are apportioned between Charitable Artlvltles and
Expenditure to raise Funds on the basss of each activtty's income in the year in relatron
to each other, excluding any exemptional items
page 16

3.1 Clwrlt4bl• ArM••*rtthT*
FL¥
FLMI
FL410
Fw
FUTh
4T
47
1ST
157
TAICPlnlTht
55
1fj3
ITf.1PIJ
1T7.1
101.
1O4A
177
177JD2
10U17
1¢47
Others
315
4RESOL41CES WENDED
1 EYPWThTUREOWRWIG FWID
10
10
10
ID
LWF•J
.147
147
L pnmom
k 1
I￿1?
10
1245
4.11 IFENDWG
11*173
119,en
111470
Trnlrtr4
4JO
ACTWMES
422.1
11.991
1564
6.512
lit
F￿E 17

Futh Fw
20?)
2A62
10
10
4.12J Cth
2fv16
1.037
513
513
1.)5•
1.159
423
DbryctSpvdkn¥
211
211.951
211W2
211
,429 2D.784
Xl.744
43 OTHEPts
a9r
3*7
rHDnryTrlJlMfsE4R
1.QJ2wth• @510.3pwwp•Tunrt
5.1
1,C02 LmtsQ481.9
2021

BATfERSEA AND WANDLEVALLEY aRCUIT
NOTE5 TO THE RIIANaALSTATEMENTS FOR ThE YEAR ENDED 31, AUGUST2021 ( contlnued )
7. FIXED ASSErs
7.1 TANGIBiE FIXED ASSETS
cosroR VAWATION
FREEHOLD tAND AND 8UILD114GS
Manses
Balance as at I September 2020
Transferto Fixed A55ets Investment
Balance as at 31. Au8USt 2021
1.231,688
295 486
936 202
DEPREaATh?N
As at 15eptember 2020 and 31. August 2021
NET BOOK VALUE
As at 31 August 2021
As at 31 AuBiisi 2020
7.2 HXEO ASSEfs INVESTMENTS
COST OR VALUATION
FREEHOLD LAND AND BUIU)INGS
Balance as at I September 2020
Transferred from Tangible Fixed Atsets
Balance as at 31. August 2021
2A80,627
295 486
2T16113
N￿BoOKVALUE
A5 at 3L Au8USt 2021
2 776 113
As at 3L August 2020
2 480 627
11 The values placed on the above properties are those of the Methodist InSuran￿"1nSured
walue5" 05 at 16, November Z016. The'in5ured Values. are the expected insurance cost to
pla￿ these properties. Thevalues are neither origtnal Costs nor'fair Values"
21 No depreclatlon has been provided In re5pert of the tsn8ilJle fixed a55et properties for the
yearas the trustees consider that the depreclable value is NIL. They are of the opinion that
the Maintenance programmes to which these properties a￿ sub5ected to ensure that the
estbmated residual value5 are not less than the ststed value
31 During the year. the property sit{￿ted at I, Home pa￿ Road was made avallable for renting
•nd tonsequerbtty re-cla55ified as a fixed asset investment. The Nwlue of the property has been
transferred from Tanwble Fixed asset to Fixed Assets Investment.
31 The Cirojlt did not have any Herita8e Asset
page 19

8ATfERSEAAND WAIIDLE VALLEY CIRCUIT
P40TE5 TO ThE FINANaAL STATEME14TS FOR THE YEAR ENDÉD 31. AU6UST2021 ( ¢imthiu•d I
I￿V￿ME￿5
2021
2020
The followlwfunds are held on beh3W ofthe amilt ￿TMCp
Circutt M¢)del Trust Fund
Sir Henry Holloway Trnst
31
515
9. INCOME FROM MATERIAL INVESTMENT HOLDIMGS
Value Income
Asat
at 3110812021
Value
Asat
at 3110812020
177.160 2 480 627
Income
Investment Properties
104,460
Trustee5 for Methodist Church Purposes
TOTAL
10. DEBTORS
Circuit Assessment Debtor- Due from Local Churchès
p￿payMentS
Rent Debtor
Other Debtors
063
95
2 782 176 177 255 2 485 780
103
104
43,524
15.172
6.151
101.695
15.214
17.334
Baslc flnancial assets, induding other debtors and prepayments are Kiitially reoJgnis8d at
transactK)n prlc8. unlass the arrangement constitut&8 a financtng tran8actK*n, whore the
transaction is measured at the present valu8 of the future receipts discounted at a market
rate of Interest. Such assets are subsequenlly carriéd at amortiwj ￿$1 using the
effe￿1¥9 interest method, less any impairment.
11. BANK AND CASH BALANCES
2021
2020
Uoyds Bank Account
Central Flnance Board- Deposit
16.476
98.521
2.554
Cash and cash equivalent indudes cash In hand, deposits held at call wtth banks, Other short-
term liquid investments with original maturities of three months or le55. and bank overdrafts.
Bank overdrafts are stthvn wlthSn borrowings In current Ilabilitie5.
12. CREDITORS: Afflountsfalllwdue whhln one year
2021
2020
Local Churches Assessments receNed In advance
Rent Received in Advan
other Creditors and Accruals
60,386
10,833
729
12.896
33,967
60993
Basic financial liabilittes, including trade and other cred￿orS, knans from third partles and
loans from related partie5 are initialty recognised at transa(aion price, unless the
arrangement conslitutes a financing transactk)n, where the debl instrument is Measu￿
at the present valu8 of the future payments dtscounted at a market rate of interest. Such
instruments are subsequently carrf￿ at amortised Cost using the effe¢tfft intsrest
method, less any impaimient.
13. CREDITORS . Amounts failirg due after the ngxt tWe￿e months
page 20

8ATfERSEAAND WANDLE VALLEY aRCU
NOTESTO ThE FINAN(JAL STA7EMENTS FOR THE YEAR ENDEO 31. AUGU￿ 2021 ( ￿ntInUed I
2021
2020
Rent Deposit
699
14. FLINDS
I ENDOWMENT FUND
20ZI
2020
Balan￿ Brought Forward 01109/2020
5,122
5,214
Incoming ResoL1r￿S
95
103
Recour5e5 Expended
-10
-10
Net (Deficltl /Gain on Irwestment Revaluatknn
940
-92
Transfers between Funds
Balance corr￿ Forward 3y0812021
142 RESTrICTED FUNDS
Balance Brought Fonvard 0110912020
2.336
2.336
Incomirk8 Resources
2575
Resour￿ Expended
8alance Carried F0Th￿rd 3VO812021
2336
143 UNRESTricfED FUMDS
Bala￿e Brought Fortvard 0110912020
3.793.388
3.773.926
Incomlng Resources
276.132
28&813
Resources Ex￿￿ed
.302mO
-269.444
Transfers between Fund5
83lance CarriÈd Forward 3110812021
15. TRANSFERS BEfwEEN FUNDS
93
3,767,524
3,793.388
Fnxn SlrHenry Hollty*ay5 to CFB
page 21

ATtERSEA ANO WANDLE VALLEY CIRCUIT
NOTES TOTHE FIPIANaALSTATEMENTS FOR THE YEAR ENDED 31, AUGUST2021 1 wntlnued I
16. COLLEcfioN TO PASS ON
2021
2020
Easteroffering
2,233
2,233
Grenfell Tower
103
103
336
These are funds collected by the Circuit to be passed on to the thlrd partles as named above.
17 DEfAILS OF CERTAIN rtEMS OF EXPENDITURE
2021
2020
Audit Fees
4,200
4.2(Kl
AccountarKy charges
18 PAID EMPLOYEES
salaries and Wa8es
25.170
26,655
Natlonal Insurance and Pension Contrfbthitrns
Number of employees
No employee recewed emoluments In excess of £60.000 per annum.
19. POST BALANCE SHE￿ EVENTS
19.1 The Trustee5 are not aware of any post bafance sheet event which could materially affeLt
these financlal ststements
20.1 All the Minister5 serving in the Circuit. a￿1 the Cwcuit Tieasurerare members of the arcult
Trustees
20.2 No Trustee received any remuneration nor beneffts
20.3 TRAN&4cnoN WITH RELATED PARTIES
NAME
RELATIONSHIP
TOTHE
CHARITY
DESCRIPTION
OF
AMOUNTS
TRANS4CnON
Patrid( Kandeh
Rosamund Hoifingsworfh
George Quami
J8phet Kabilu
Japhet Kabilu
Patric* Kandeh
Rosamund Hollings*Drth
Stephen Hien
George Quarm
S. Kanu
Tnjstee StiperKI
Trustee Stipend
Trustee StipeNI
Trusts• S15pwNJ
Trustee
Expenses
Trust09 Expenses
TfUSte8 Expenses
£37.820
41.103
2,8
38.058
1,078
347
23
Trustee Expense5
Trustee expenses
373
Nll
Nll
page 22

BATfERSEA AMD WA14DLE VALLEY CIRCUIT
NOTES TO THE FIIIANCIAL sfATEMENTS FOR THE YEAR E14DED 31. AUGUST2021 ( ￿ntInUed )
2021
2020
20.4 Average Numberol Trustees re￿1VIry8
Stlpends
Allowances
Th8re wwe no olhor r8lated paty transth$ duriro the w.
Althou8h the Circuit pay5 the ministerial stipends, the Minlster5 are not employed by the
Circuit. Mir*isters a￿ employed by Conference. bLrt it rs the ￿SPOnSIbl11ty of the arcuit to
pay them.
21. RESERVE POUCY
A balance is retslned in the general fvnd to meèt unarrtrcipated expenditure and
programmed work that can not be funded from a single yeaT'S budget. The policy of the
Circuit is to malntaln funds equivalent to at least 6 month's expenditu￿.
22. Volunteer5 Cortribution
Every wlng of the Methodist Church l Locol Churches. Circuits. Districts, Connexlon } in the
United K5ngdom is heavlly rellant on volunteers vtho contribute thelr skills, time, money and
their re50ur¢es in the furthera￿￿ of the work of the clrcuiL Princlpalfy, this contribution is
by servlng on committees of the Circurt that deal with mission, manses, flnance. policv.
grants. trainin8 developments. etcetL
The contribution of volunteers is not included wlthin the income of the Circuit.
The Trustees are grateful to all of them frjr their he￿ and commitments
23 MIniste￿. manse costs
The Circuit15 required to provlde accommodation foreaeh Minister and h1￿her famity. The
Circuit bears the costs of repairs, maintenance, bullding insurance. Councll Tax arKI water
charges. These costs are not shown separatety as benefit-ifvkind for the Mini5ter5 as
HMRC does not seek to tax these re￿Ipts In the hand5 of the Mlnlsters.
2& F114AfKIAL INSfRUMEP4TS
AJI the Charity'5 financial In￿rUments qualify a5 baslc fin•ncial instruments in accordance
with settion 11 of FR5 102 and are recogt7ised on the following basis:
l) Qsh and cash equr¥alent represent bank balances and deposits held in Sterling
111 Investments a￿ measured at market value at the balance sheet date
iiil Debtors are measured at the transaction price less any provision for doubthjl debt5
Iv) Creditors are measured atthe tra115artlon price.
25. The WaTrJle Vallry Circult arKI the Battersea Mlssloffl Circult merged Into one circuit on
l. September 2014, to fomi Battersea and Wandle valky CircutL
A property of the Battersea Mi55•)n l the west wing I was sold Sn 2015, and the net sale
prDceeds of £l.800.IXIO was pald into Battersea and Wandle Valley Circuit TMCP trust
Account l Trust 219051 on 16. FeLvuary 2015. An amount of £1,430.tX)9 was transferred
out ofthe £1.800,(W on I, August 2015 to open a new TMCP trust account l trust 21￿SA I
In the name of Batte￿a and Wandle Valley Circuit.
pa8e 23

NOTESTOTHE FJIIAMaALsfATEME14TS FOR THE YEAR ENDED 3L AUGUST 2021 1 contlnu•d )
Athou8h the new TMCP trust account121905 Al is in the name ofthe newtyfomied
Clrcul¢ Itls holding the fuThls in the account'on trust. for the Battersea Mlssion. The
rcult does not have any control over the TMCP trust 21905A accounL and any
arbsattmins in the trusta¢count are controlled and authorised by the 83ttetsea Mlsslon.
The transaclion5 in the TMCP trust account 21905A have rK¥t been reflected in these
financial statements.
26. AppoKnoNMENTOF SUPPORT COSTS AMONGST AcfMTIE&
EXPENDITURE ON
CHARrrABLE
ACTIVITIES
EXPENDITURE ON
RAISING FUNDS
dit
1492
ojntsw F8es
2,400
852
POSL Prfnt and s￿onery
573
937
4,684
305)
sUbs(￿p￿0n
SurKlry Expens
2,37T
G¢WeMan￿ and Other Costs are apportioned between Activltles I Charitable and Expenditure
to raise funds ) on the basis of each artlvltys income in the year In relation to each other.
Thi5 policy excludes any eX￿ptIOnal and non-recurrin8 items.
page 24