REGISTERED CHARITY T4UMBER.. 293629 ee5 Un Fin el I St&teme d31JMI for L METROPOLITAT+l CO HLI FNO Nrry The Gre¢n¢ Parthership LLP Chartered A¢countanls Suite 2C, Brosn*n House 175 Dorkes Lane Potters Bav Hertfordshire BN6 IBW
DON enL* of he Fin& ci&1 Statemtnts IJUL Page Report of the Trustee5 Independtnt ExAminer's Report statement of Finanelal Activities BRlinee Sheet Notes to the Finattei#l Statements 6 to 10 Detsiled Statement of FinHDei#l Activitae5
H OF NORTH LofDON rEn The trustees present their report wiih the financial statements of the rharity for the year eThded 31 July 2024. The trustees have adopted the provision5 of Accounting alid Reporting by Chhrities.. Statemcnt of Rccommended Practice applicable to chorities preparing their accoun15 in &c¢ordance with the Financial Reporting Stand2rd applicable in the UK and Republic of Iirland (PRS 102) (¢ffeaive L January 2019). ORJEcfivES AND ACTIVITIES QhJe¢tive$ ind 8ims The object of the charity is to promote the gospel of Christ primaTily in London The charity has a primary ministy gay, lesbian, bisexual and trdnsgender comixunities, providing thB safe ¢nvironmeTht of an acceptitJg congregation wheTe people ¢an rEnd God's salvation, peiEonal suppoit, Spltual gr0h and guidance loward health and wholeiiess. This is achieved through celebrative worship s¢Thices, supportive Chre groups, Community outreach, justice, advocacy and social action. ignifRc&nt Activitie5 The management comniittee hired Bloomsbury Cetilral Baptist Church, 235 Shaftesbury Av¢nue, London, WC2H 8EP as the m¢eting place for worship and devotional activities. Throughout the yr the charity conducted Se1¢¢$ every Sunday and held meetings most Wednesdays, usually online. Revenue lS¢d was mainly via gift aid and weekly cash offerings from the congregation. The chief items of expenditure w¢r¢ payments to the Pastor for their services to the Church, rental paymetkls for hire of the premises and for tray¢l and other expenges a550ciated wilh sending the Pastor, D¢01)s, Twstees and Lay Delegates to training and ¢(Trnf¢rences. At the Annuol Gcncral Meeting held on 18 November 2018 it was agreed to increase ffom 3Yo to 4% of the Charity's illCOEll¢ as bcing titlied to the Universal Fellowship of Metropolilan Commullity Churches. Public b¢nefit The church wa5 Set up to provid¢ w place wher¢ peoplt can live out their faith in a safe ¢nvitDnm¢nt b¢¢au8e of their s¢xuality. FINANCIAL REVIEW This finw)cial yw the ¢harily saw a consolidation of the work done in th¢ PTeVjOUS year. The tharity has a surplus of unrestricted funds for the year of £2,880. The total of the unr¢5tricted at 31 July 2024 amounted to £4.884. It was agreed by the trustees tlwt as amount5 had been set aside in separate bank aGcounts for anticipated future building rep8irs and tUre del¢gat¢ expen5tS thE total amout)ts would be shown as transf¢rs to and fron) ihe unrestricted g¢nerdl fund lo the appropriate reStriGd funds. It was also &greed that if it was deemed necessary from a financial p¢rspectiVE the trustees could ake trdll5fers bxk to the unrestricted general fund. Since the above wli¢y been impl¢mellted it was decided to keep all fvnds in one bank account except the Cold Weaih¢r Shelier funds. In order lo I'egularise tlie year end balances, it was agrEed by th¢ trnstees to transfer £362 10 the Building Fund Reserve and £701 to th¢ Future del¢gate Reserve from the (ieneral Fund. At 313uly 2024 th¢ BlIdIng Fund R¢s¢e amoun¢ed to £18,952 and the Ftre Deleg8te Re%ive amounted lo £7,220. The cljarity is also maintaiiiiiTrg a parate bank account for the Cold Weather Shelier trnnsa¢tions. At 31 July 2024 the Ctsld Wcather Shelter Reserve amounted to £1,509. In order to agree the re5¢rve balance at 31 July 2024 a transfer of £385 was required betwecn the General Fund. STRucfuRE, GOVERNANCE AND MANAGEMENT Govtrning docurnent Th¢ charhty IS Colltrolled by its governing do¢ument, a deed of tr51 and Constitutes an unincorporated Charity. Recruilment and HppoRlltment of new trustees Board membei$ are apptsilltcd for ttvo years and then requir¢d to stand down as Tru5ters. Lay delegares are appointed for a thre¢ yeai. period. Twsi¢es and the Lay Delegate are appointed by the member5 tsf the church ai the annual gemeiEI meeting. Tim Fellows is ¢uiYently the sole Lay De1¢te. Page I
TROPO HOFN II'AN C.OMM R'l'll NDO ITY HUR Tr End r the YeA ULY 2024 REFERENCE AiYD ADMINisfRATIVE DÈTAILS Registered Ch4Aty uumber 293629 PrlneipAI address The M¢tropTrlitan Community Churchof North Londot) Bloomsbury Central Baptist Chuwh. London WC2H 8EP Tn]st Reveitrtd Peta Evans Richard GoTe Precious Janice Samuels Jordan Dy¢k (resigned 5.4.24) Juli¢t Owoo Wa7ana Sinyangwe Timothy Fellows Alan gutherlaRd Chinya Simbar&she Independent ExaMitr Steven Gordon The Greene PartneJ5hip LLP Chartcred Awunlonts Suite 2Q BrosEWI Houst 175 D&i'ke5 Lane Potters Bar HertfoTdshire -.f/1 2/4-_- Approved by order of the board of tiustees ON............. .. . and signed on its behalf by.. Reverend Pets Evans- TNslee Pagt 2
kndep¢nd r'5R IETROPOLIT A HURC TH miii MIMUN'ITY Independent examiner's report to the trustt¢5 of THE METROPOLITAN COMMUNITY CHURCH OF NORTH LONDON I r¢port to the charity trust¢¢s on my examination of the a¢¢LnIS of THE METROPOLITAN COMMUNITY CHURCH OF NORTH LONDON {th¢ TrLJ5t) for the year ended 31 July 2024. R¢sponsibilities bHsis ofreport A5 Ihe charity truslees of tlie Trust you are responsible for th¢ Preparation of the account5 in a¢¢ordance with th¢ requirements of the Charitics Act 2011 Cthe A¢fl. I report in respect of my ¢xaminalion of the Trusl's accounts ¢alTid out under Section 145 of the Acl and in corrying out my exaTnination I hav¢ followed all applicsble DiTe¢tions given by the Charlty Commission unde¥ Sectiot) 145(5)Ib) of the Aci. Independent eximiner's stAtement I have completed my examination. I confinn that no Matla] Inatters have come lo my attention in conllectioth With ihe &xaI1at10n giving me cause to beli¢v¢ that in any mAierial respect.. acwuThtÉng r¢cord8 were Jt kept in respect of the Ttust as iEquired by Section 130 of the Acl. or the accounts do not accord with thos¢ records,. or th¢ accou2)ts do not comply with the applicable requirements coneeming the forffl and ¢(MJtettt of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other tIIoD any reqIrem¢llt that the accounts give a true and f3ir view whicth is not a matter considered a5 part of &n slldependent examination. hay¢ no eoncems and have cotDe across no other matters in connection with the examillation to whi¢h attentlon Should bc drawn itt this report order to enable a proper udstandIng of the occounts to be rea¢hed. Steven Gordon The Greene Partnership LLP Chartered Accountants Suite 2C, Brostkan House 175 Dark¢s Lane Ptstters BaT Hertford5hire EN6 IBW Date.. Page 3
THEM ANCO F IYORTH LONDON St&tement of FinAIIC f rthey ULY 20 31.7.24 Total funds 31.723 Totsl nds Unresirict¢d fund Restricted funds Notes INCOME AND ENDOWMENTS FROM tk)nitions and legacie5 38,558 273 38,831 36,8SI lllvc5tmeiit income 402 402 469 Totwl 38,960 273 39,233 37,320 EXPENDrruRE ON ChAritAble activities Genei?I cold weather shel¢¢r Future delegate expettditute 36,081 36,081 2,685 635 32.674 1,929 2.685 635 36,081 3,320 39,401 34,603 NET INCOMEIIEXPENDITURE) Trinsfeys b¢twee]i funds 2,879 (6781 13,047) 678 {168) 1717 Net movernenl In 2,201 (2,369) (1681 2,717 RECONCILIATION OF FUNDS Total funds brollght fonvard 3,067 30.050 33,117 30,400 TOTAL FUNDS CARRIED FORWARD 5,268 27,681 32,949 33,117 The not¢s form part of these finartcial sl&tements Pag¢ 4
HE HUR LITAN CO OR LOIY HOF 31 JULY2 24 31.7.24 Tot81 funds 31.7.23 Total tjds Unr¢5tiiCted nd Restricted fund5 Nok5 FIXED ASSETS Tangible assets 28 38 28 CURRENT ASSETS Debio Cash at bAnk and in hand 1,752 31369 724 33,555 1,752 4,688 27,681 6,440 27,681 34,121 34,279 CREDI'foRS Amounts falling due within one year 11,200) (1200) {1,2(KJ) NET CURRENT ASSETS 5.240 27.681 3192 33,079 TOTAL ASSETS LE&S CURREIYT LIABILITIES 5,268 27,681 32,949 33.117 NET ASSETS 5268 27.681 32,949 33.117 FUNDS Unrestricted ndS Re5triol¢d funds 5,268 27.681 3.067 30,050 TufAL FUNDS 32,949 33,117 The financial statements wer¢ appiDved by the Board of Trustees and authoris¢d for issue on were sign¢d on ils behalf by.. R¢verend Peta Evans- TTu$lee The notes forn) part of th¢se financial $talements Page 5
METRO ITAN NORT NDON Note5 to h Finftnci I StAteme ACCOUNTING POLICIES Basi5 of preparing the finAnclal statements The finan¢ial stam¢nts of the ehaiity, which 55 a public bcE)efit entity undEr FRS 102, have been prePad in aordanCe with th¢ Chai'ities SORP (FRS 102) 'Accovnting and Reporting by Charities.. Statement of Recommended PiTrctice applirable to charities preparillg thcir occounts in accordance with th¢ Finaticial R¢porting Standard appliGable in the UK and Republic of Ireland 11,'RS 102) (effe¢tive l January 2019),, FinanGial Reportihg Standard 102 'Th¢ Financial Reporting Standard appli¢abl¢ in the UK and Republic of [laNd, and the Charities Act 2011. Th¢ financial statements have been prepared vnderthe historical cost convention. Ineome All it]come is recO5Cd in th¢ StatemEnt of Financial Activitie5 once the charity has ¢ntitlem¢nt to the funds, it is probable that the income will be r¢ceivcd and the amount can be measured reliably. Voluntary in¢omE is received by way of grants, doDations and gifts and is included the fvll statem¢nt of finon¢ial activities when yeiVable. Grants Whe entitlement is noi conditional on the delivery of a spe¢ifiG pErfornian¢e by ihe charity, ar¢ recognised when the charity becon1 unconditionally entitled to the grdnt. Donated SeiceS and fa¢iliti¢s are iluded at the value tD the ¢harity where Es can be quantifid. The value of the sttvices provided by volunteers has ttot been included. Gifts donated forrcsale ar¢ included as incoming resources withia) activiti&% for generating fvnds when they are sold. Income from investments is included in the year in which it is receivable. Expendltsre Liabilities are recogniscd as expenditure &s soon as there t5 a legal oi. constructive obligation comniÉttin8 th¢ ¢harity to tha¢ expenditure, it is plbabIe that a transfer of economio bertefiis will be required in settlement and the amount of the obligation call be m¢a5ured reliably. Expenditur¢ is accounled for on #n awruals basis and has been classifi¢d und¢r headings that aggregate all cost related to the category. Wher¢ costs cannot be directly attributed to paiticular headings they have been allocated to activities on a bagis consistent with the use of reSoues. Txrtglhle fixed as$els Dcprcciation is provided at the following aniiual Yat¢s in older to write off ea¢h assct ow it5 estimed usefvl lif¢. Fixts]re5 and fittin8S 25/0 on redu¢ing balan¢e TAxation The charity is exen)pt fiDm t&x on its Charitable activities. Fund 8eeounting UThre8tricted fiind5 can be used in accordan¢e with the ¢haritable obiecttves atthe diretion ofthe Intees. Restricted funds cali only be used for particular restricted purposes within the objects of the Charity. RestrEctions arise whcn slfied by the donoroy when funds are rdised for pirti¢ulaT restri¢ted purpose& Furtherexplanaiion of ilie natur¢ at)d purpose of each fuDd is included in the notes to the financial stst¢ment5. Page 6 ¢ontinued...
El. CHURC InFN THLO o the Fina hey I I St&tenJents- eo 31 inued DONATIONS AND LEGACIES 31.7.24 31.7.23 Non gift-aidcd dortations Gift-aidEd donations 2,166 36,665 5,936 30,915 38,831 36.851 INVESTMENf INCOME 31.7.24 31.7.23 Deposit awunt interest 402 469 TRUSTEES, REMUNERATION AND BENEFITS DuTing the yearPeta Evan$ w&s paid Stipend ¢harg¢s of £19,226 for their role &8 pastor of th¢ ¢hurch. Trustee5' exptw¢s During the yearPeta Evans was reimbuised necessary trnv¢lling expenses t()talliAg £2,361. Th¢r¢ were rto other trste¢S, exp¢nses paid during the year et)ded 31 July 2024 nor forth¢year d¢d 31 July 2023. TANGIBLE FIXED ASSETS Fixtures fittings COST At l August 2023 ai?d 31 July 2024 2,137 DKPRECIATION At I Au8ilSt 2023 Charge for year 2,099 10 At 31 July 2024 2,109 NET BOOK VALUE Ai 31 July 2024 28 At 31 July 2023 38 Pagc 7 continued..
CHUR OF NOR LON heFi rEnd nciAI Stste - Continue DEBTORS: AMoup¥fs FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.23 Oihu debtors 1,752 724 CREDITORS: AMouTrwfs FALLING DUE WITHIIY ONE YEAR 31.7.24 31.7.23 Other creditor5 1200 1,200 MOVEMENf IN FUNDS Net movememl in fund5 Transfers between fund5 At 31.7.24 At 1.8.23 Unr¢strActed funds G¢er1 fund 3,067 2,879 (678) 5,268 Restricted funds Cold weather shelter Future delegate expenditUTe Building fulld reserve 4,306 7,154 18,590 11412) (635) (3851 701 362 1.509 7,220 18,952 30,050 (3,0471 678 27,681 TOTAL FUNDS 33,117 (168) 32.949 Net movement in fvnd5, inGlud¢d in the aix>ve hre as follows.. Incoming resovrces Resources expended Movement in fund5 Unrutrieted funds General fvnd 38,960 (36,081 } 2,879 Restricted funds Cold wellther 5h¢lttr Future delegatc expenditure 273 12,685) {635) (2,412) (635) 273 (3,3201 (3,0471 TOTAL FUNDS 39,233 (39,4011 (168) Page 8 rttinu¢d...
co CHURCH NORTH Notes io the Fingllei I StAtemen IJU 24 MOVEMR IIY FUNDS- eontinued ComparHtives for movernent in funds Nei movement in fund5 At 31.7.23 At 1.8.22 Uiirestj'icted funds General fi]nd 2,986 81 3,067 Restricted fund5 Cold wEalher shelier Futur¢ d¢l¢gate expenditure Build%ll8 fund reserve 1,670 7,154 18,590 2,636 4,306 7,154 18,590 27,414 2,636 30,050 TOTAL FVPIDS 30.400 2,717 33,117 Con)par&tive net movement in thnds, included in the ale are as follows: I[oMing resourtes Resources cxp¢nd¢d Movemenl in funds Unreslricted fun General fijnd 32,755 (32,674) 81 Restrlcted fuiids Cold we&tih¢r shelter 4,565 (1,929) 2,636 TOTAL FUNDS 37,320 134,603) 2,717 Restri¢ted fvnds Cold Weather Shelter This r¢serve i5 nomidly used to provid¢ a cold weather shclter for Sixteen s¢le¢ted homeless people from Janulry through to mah. This was on Monday evenings from 15th January to 25th March inc]sIve. Buildirtg Fund Resuve The trustees originally agrccd to transfer one persoE)'s regular donation5 llito a %pardte bank account to b¢ set aside or 9t]y necessary repairs to the church wherev¢r it mighi be 51tU8ted. It w&s also agreed th&t if it was n¢S5ry. funds could be transferrd from this thnd bark to the gen¢ral UnStrICt¢d fund. Futur¢ Deleg&te Expenditur¢ Rese¥ve This reserve is to be used for any nece55ary deleg&t¢ expense5 to be incutT¢d. Page 9 continued...
THE MET FNORTH DON otgs to tlit Fi Inents- RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2024. Page 10
THE METRO ND DetAiled St8tement of Financial Aet. for th Y r Ended 31.7.24 Total funds 31.7.23 Total fund5 Unrestri¢ted fisnds Rc5tricted fund$ INCOMK AND ENDOWMENTS Donations leg8Cit5 Non gift-aided doiiatlDll5 Gift-aided don8tion$ 2,110 36,448 56 217 2,166 36,665 5,936 30,915 38.558 273 38,831 36.851 Investment tntome tkposit a¢U1 interest 402 402 469 Total incorninE resoiiyees 38,960 273 39233 37,320 EXPENDITURE Charltxble xctivities stirtd Music ministry Catering costs Cold weAth¢r sh¢lt¢r expense5 19,226 1,363 640 19,226 1,363 640 2,685 17,477 1,358 1,040 1,929 2,685 21,229 2.685 23,914 21,804 Support Costs AdministrAtIo Rent lrt%uranc¢ T¢lcphone Postage and stationery G¢n¢ral church expenses Office expenses Tithes Siaff travel and traiDing Publicity Fixtures and fittings 7.356 586 78 102 7,356 586 78 102 222 260 1,298 4,075 300 10 5,348 553 86 26 605 533 1,168 2,967 300 13 260 1,298 3,440 300 10 635 13,652 635 14,287 11,599 Govemanee costs A¢wuntancy 1.200 1,200 1,200 Total resourc&% expended 36,081 3,320 39.401 34,603 Net 1Come 2,879 (3.047) (168) 2,717 This pagt does not forni part of the statutory financial statements Pagell