harity rggistration numbgr 1059512 (England and Wal99 CARNFORTH FREE METHODIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 xeinadin
CARNFORTH FREE METHODIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustsos Rev C Murgu J Carter Mr l Ell8r5haw Dr M While Mr l Rothwell Mrs S Wright Mr P Lumb Rgv M Surrgy MrPBurt M8 H Boardman Ms C Hallam Mi58 G Lgwin (Appointed 25 Septembgr 20251 (Wointed 25 September 20251 {Appointod 25 Saptsmbar 20251 Charlty numbor (England and Ylal•s) 1059512 Principal address The Manse 33 Dunkirk Avenue Carnforth Lancashire England LA5 9AP Independent 8X3mingr T M Preece FCCA Dalton House 9 Dalton Squarè Lancaster Lancashi Untted Kingdom LA1 1WD
CARNFORTH FREE METHODIST CHURCH CONTENTS Pag¢ Trustees, report Indendent examine¢s report statement of financial activthes Balane£ sheet Notes tf) the financial ststoments 6-15
CARNFORTH FREE METHODIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present their annual report and financial stotements lor the year ended 31 Deeember 2025. The financial slalernenls have been prepared in accordance wth the accounting policies set out in note 1 to the financial ststernents and comply with the charity's gov9ming document, the Charities Act 2011, FRS 102 Tho Financial Reporting Stsndard appIlble in the UK and Republic of Ireland" and the Charities SORP 'Accounting and Reporting by Ch8riDe8.' Stslement of Recommen(Sed Practice applicable to charitie5 preparing their accounts in accordanc8 with the FInarAl Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021". ObJ¢¢tlve$ and actlvltkns The object ol the Carnforth Free Method¢st Church is thè lurtheranee of the ligH)uS and olh&r charitable works of the Free Methodist Church of North Arnerica in accordance with the doctrines, disciplines and usages ol that Church for the time being as set forth in the book of discipline. The Church b9nefits from many voiluntary hours and unclaimed oth of pocket expense5, contributed by 8 large number of pÈ¢plè. tt would be impossiblé t() place a value on the58 gifts in kind, for which the Trustees are extrernely grateful. The Trustees confirm that they have referrEd to th8 guidanc• contained in tha Charity Commission g•n•fal gUan¢0 on public b•n8fit wh8n r•vi•wing th• charity'5 aims and objectwes. Aehièvèmènts and rtom1#nt• Signifant activities and achievements 8gainst obiectives During thg year ftJrth8r income was r1Ve by the Charlty vla Gfft Aid resultlng in a total of £28,234 tax being r&¢overeLI from HM Revenue & Customs. Th8 Trustees are aware thal the Charity has an obligation io op8rate lor an identifiable and public benefit. Wherh F4anning activities Truslees consider the Commission guidance on public benefit,. in particular the specific guidance on charities for the advancement of retiglon. During 2025, the Church has continued to meet In-person meetings at the High School and in our new Centre, and also u5illo Zoom and YouTub& to complimont face to face Meetings, particularfy for those who are vulnerable or elderly. During the year, the Church continued to support humanitarian work overseas, in p8rbcular, where two famillos contlnuo io sarve overseas in 2025. The Church has continued with work in the UK through schools work via sports outreach and the Church has continued lo gNe compassionats grft$ and help whère needed in the loc81 mmunity. During 2025, OUT Lead Pastor. Cristi Murgu has continued lo load the work of the Church in the local Community and Surrounding 8rÈas, supported by our Associata Pastor, lan Ellershaw. In the meantime. the Church93 Adrnin support has continued to futhl a part-time role to provide administrats've support to the Lead Pastor, ASSOale Pastor a1 wider Church. To nole that Pastor lan has been recruiied by a sister Church in Heysharn with a view to taking over the Lead Pastr)r role Ihere. This wll rnean that the Tru8te85 of th8 Church will seek to recrultment a lgplacement for Paslor lan during 2026. Pastor lan will movg on in thg Summer of 2026. Th8 Pastors have been invofved in visiting membèrs of thè Church and people in the hxal community who have had particular needs and may have a¥k8d tha Church for assistance. In addition, the Church assislgd cofflmunity programrnes have continued in p8r50n, such a5 divorce and bereavement support. During 2025, the Church has continued to liaise with local agencies in identifying and then 8upporbng individuals and families in the communities. As for assets. the Church manse at Dunkirk Avenue has been maintained. The recenmy dev8lop8d Church conferénc 8Th1 Resourca Centre has again b99n usad to support th& Charities objeclives and hostin9 the community SUPPOrt ventures, including hosting AA. Insurance cover on all properties has been reviewed with the rècomm&ndatSons of the RICS and in consullation with tha Church's Insuran¢x Brok¥rs. The Church have recently explored Solar Power given the Centre'5 reliaT)ce on air source heat pump5 which consume the majority of the ele¢ts¥cty bll, Thks is hoped to be installed in 2026.
CARNFORTH FREE METHODIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 There were minor changes to the chari3 policies during 2025. In particular, the Trustees vieWed its child protection Isafe guarding) policy, ensuring that employees and ralevanl volunteer5 received bespoke training on tre subject. This will be delivered again in 2026. Tho H&alth & Safety Policy has begn reviewed wilh ongoing risk assessments drawn up. particulady focu3 being gNen to new ministries and events njn from the Centre. The Churthes GDPR policy and ils charilable data profOn managgmont pro¢oss9$ arg being rnana9ed. Flnancial r•vl•w R8s8Th85 poltcy The chartty does not have a formal resetves pollcy however it is the policy of the charily to maintain b8nCeS at 18vel equivalent to approximately fv40 months expenditure to cover church running costs, should income fall. There have been no occasions when credit balan$ have fallen beneath this level, and need for the matter to be escalated by the Truslee$ to the merr*)ers of ihg Church for thgir o)n$ider¥tion. Fro$ rèsefv¢$ as at the year ènd were £169,49212024- £174.2531. No funds in deficit. Structure. gov•rnanea and manag•m•nt The trustees who served during Ihe year and up to the date of signatur8 ofthe finarla1 stat8m8nts wer8.. Rav C Murgu Mr J Carter Mr l Ellershaw Mr D Ki"tchen Dr M Whsta Mr l Rothwell Mr J Davies MrP Hayes Mrs S Wfight Mrs V Karg MrP Lumb Rev M Surray MrP8urt Ms H Boardman MS C Hallam Miss G Lewin IResign9d 25 September 20251 (Resigned 25 September 20251 (Resigned 25 September 20251 (Resigned 25 September 20251 IAppointed 25 Sepiernbgr 20251 (Appointed 25 Seplernber 20251 IAF¥)oint6d 25 Saptembor 20251 Future Plan$ Th8 charity plarbs to continue wrth its core objectives wlhbn its ImmadSato vlcinity and the surrounding regions, in rtition to which it continues to explore making more uyè ol its new premises to support ils charitable objecb'ves. Tho Iwslegs, raport was approv8d by the Board (rf Trust88s. MrJ 8rt8r Trustee Date.. 1 ../. 0 7.1.. zozé
CARNFORTH FREE METHODIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARNFORTH FREE METHODIST CHURCH I report to the trilstees on my examination of the financial stalemenls of Camforth Free Methodist Church (the charity) for the year eniJeL* 31 December 2025. R¢sponslblllll•$ and bas1$ of r¢port As the trustees of the charity you are responsible for the preparatHJn of the financial slalements in accordance with the requiiemanls ol the Charities Act 2011. l leport in respect of my examination of the charity's financial statements carried oul under section 145 01 the Charities Act 2011. In carrying oul my examination I hav8 followed th8 Dir8Ctions given by th8 Charity Commission under section 14515llbl of the Charities Act 2011. Ind•pendent •xamln•rfs statem•nt Your attention is drawn to the fact that Ihe charity h8s prepared the financial statements in accordance Mth ihe relevant versiorb of the Stalem8nt of R8Eownm8nded Practice applicable to charities pparing their financial statements in accordance with the Financk81 Rep"ng Standard applicable in Ihe UK and Republic of Ir81and IFRS 1021 in preference to the Accountin9 and Reporti by CharIts.. Staternent ol Recommended Pra1 issued on 1 April 2005 which is referred to in the exlanl regulations bul has now been withdrydwn. l Ljnderstand that thls has been done in order for the financial statements to provid& o tsuè an¢J fair viaw in accordanca with UK Generally Accepted Accounting Practice. I have completed rny gxarnination. l (yJnfim that no Matt have come to my attentKJn in o)nneclion wilh the examination giving me cause to believe that in any material respecÈ'. accounting records were not kept respect of the charity 8s r8quired by gaction 130 01 the Charitiès Act 2011. tho IinanciBI statements do not accord with those records.. or Ihe finan¢i31 staiemenls do not ¢omply ¥th the appllcable requirements o)nceming the form and content Of financial Statèments set out in the Charitles (Accounts and Report51 Regulations 2008 other than any r8quir8mènt that the lin8ncial statements give a tNe and faw view, which is not a matter considered es part ol an indep¢nd¢nt gxaminats"on. have no concems and have com8 across no othèr m8tt8rs in connectKJn with the examination to which attention shouhy be drawn in thi5 report in order to enable a prop9r understanding of the f#)ancial statements to be reached. Pree < T M Pr•ece FCCA Dalton House 9 Dalton Square Lancast8r Lancashire LA1 1WD United King om
CARNFORTH FREE METHODIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Restricted funds funds 2025 2025 Total Unr•strietsd R•strtct•d fvnds funds 2024 2024 Total 2025 2024 Notes Income and endowments from.. Donations and 18gaci8s Charitabk activié other in(x)mè 180,863 3,221 8.277 184.084 8,277 4,904 287,895 5.184 11.3efj 293,079 11,386 3,943 4.904 3,943 Total Income 185.767 11,498 197.265 291.838 16.570 308,408 Expendlture on: Charit3bl8 activiti&s Olher expendrture 167.290 11.498 178.788 16D,394 530 15,230 175,624 530 11 Totsl oxp8nditur• 167,290 11.498 178,788 160,924 15,230 176,154 Net Income and movement funds 18,477 18.477 130.914 1,340 132,254 Reconciliation of lunds: Fund balances at 1 January 2025 669,239 1.052.IK11 1.721.240 538,325 1,050,661 1,588,986 Fund balances at 31 Dec•mber 2025 687.716 1,052,001 1.739.717 669,239 1,052.001 1,721.240 The ststement of financial aclfivities Includes 311 gains and losses rec4)gnised in the year. All incorng and expenditure derive from contrnuing activities.
CARNFORTH FREE METHODIST CHURCH BALANCE SHEET ASAT31 DECEMBER 2025 2025 2024 Not•s Flxed assets T8ngible assèts 13 125.392 127,726 Currant ass•ts Debtoys Cash 8t bank and in hand 14 1.451.544 168,861 1.425.596 171,168 1.618,405 1,5%,764 Creditors.. amounts falling duè within ane year 15 (4,0801 (3.2501 Nèt current a8s•ts 1,614,325 1,593,514 Total assets 1088 cufT•lIt Ilabllltlo8 1,739.717 1,721,240 Th• lunds of the charlty RestriGled incorne lund5 unStriCted funds 17 18 1,052.001 687,716 1,052.001 669,239 1,T39,T17 1,721,240 Th¢ financial statements wère approved bythe trustees o Carter Truste¢ MrP Burt Tru$t•¢
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 A¢UntIng policies Charity information Camlorth Free Methodist Church is an unincorporated registered charity and is constituled under a trust deed. 1.1 Basis of prgpafation The financial ststernents have been prepared in aCrdance with the charitys goveming document. Ihe Charities Act 2011, FRS 102 'Thè Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland" and the charl.eS SORP "Accounting and Roporting by Charititrs.. Ststoment of Re¢omm¢nd¢d Prddi¢g applble to charthes preparing their 8¢(xunls in accordance wth the Financial R8porting Standard applicablg in the UK and Republic of Ireland IFRS 102)". Thg charity 1$ a Public Bgnfyfil Ents"ty as dafingd by FRS 102. Th8 charity has tak8n advaniag8 of tho provisions in the SORP for charTbes r1 to prepare a ststemenl of The financial statements have departed from the Charrfies (Accounts and Reports) Regulation5 2008 only to the extent required to provido a true and falf view. This d9parture has invofved followin9 the Statemenl of Recommended Practi for charities applying FRS 102 rather than the version of the Statement of Recomrnended Practice which is referred io in the Regulath'on8 bul which has sinca been withdrawn. The financial ststemenls ar8 prepared in 5terlirKJ. which is the functional oJrr8ncy of the charity. Monetary arnounts in thèsa financial statèments ar• rtyJnd8d to tho nearest £. The financial statements have been prepared under the hIstc81 cost (x)nvention. The principal accounb.ng policEs adopted are sel out below. 1.2 Going concern At thè b.mè of approving th8 financial statements. the trustees have a reasonable expectalion Ihat the Charity ha5 adequate resource5 to cx)ntinue in operats'onal existence for the foreseeable fvlure. Thus Ihe trustees continue to adopt th• going concern basis of awountirwJ in preparing the financi81 st8tam8nts. 1.3 Charftablo funds Unroslricted funds are available for use at the diSCretn of the trustees in lurtherance of their tharitable objèctivés. Reslricted bjnds are subject to Specif conditk)ns by or grantors as to how they may be used. The purrx)s88 8Th1 us8s of tha restricted fLtnds are set out In the nots$ to the finonck81 statèmonts. 1A Income Income is recognised when the charity 1$ legalty gntitled toll after any perfoman¢è (x)nditions h8¥e ba8n met. the amounts can be measured rsliably. and it is probable that income wll be rocgiv9d. Cash donalions are recognised on rbc8iPt. Othar donations are recognisgd once the charlty has been nolffigd of the donatn, unless performance ConditnS require deferral of th8 amtsunt. Income tax reo)verable in relalion to donations r8¢8lved under GiftMd or deeds of covenant 1$ recognised at the time of the donation. Legacies are fecognised on receipt or otherwi8e il the chartty has been notifked of an impending distribution. the amount is known, and réceipt is expeclod. 11 thg arrK)unt Is not known, the legacy is trealed as a contingent 355el.
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng polScSes IContinu•dl 1.5 Exp$ndlturo Expenditure is recYJgnised once there is a 18gal or con8tructive obligatiDn lo transfer ery)nomic Iefit to ¥ third party, it is probable that a transfer of econ¢)mic benefits 711 be required in 3ettlemgnl, and the arTK)urrt of the obligation can be rnea8ured reliably. Expendiluie Is Classifiod by actNity. The costs of each acuvlty are made up of the total of dlrect costs and shared costs, including support cosis involved in undertaking each activity. Direct costs attn"butable to a single activity are allocated directly to that actlvty. Shad costs whth Contribute to more than one activity and support costs which are not attributable lo a single activity are apportiored bglwgen tho¥e actyviti¢s a basis consistent with the use of resources. C8ntral stsff costs 8ra alloca on the basis of time spent. ond depre¢iatyon ¢h8roe8 are 811o¢aied on Ihe porDon of th9 assgt's Usg. 1.6 Tanglble flx¢d assets Tangible fixed asset8 arè inithally measured ai cosi and subsequenuy measured at cL)st or valuatbn. net ol deprecialion and any impairmont losses. Depreciation is recojnised so as to write oll the cost or valuation of assels less their residual valu9$ over their usaful lives on tho following bases.. Frg&hold18nd and bulldings Fiytures and fittin9S Computers 15% Reduclng balance 25% Straight linè The gain or l¢)s8 arising on the dlsposal of an asset is determlned ag the difference belween the sale proceeds and the carying value of the asset, and is r8(X)9nised in the statem&nt of financHI activities. 1.7 Impalm)•nt of flxed a880ts At each Teporting end date, th9 charity reviews the carying arrrf)unts of Its n91b assets lo detamilne whether there is any indication that those assets have suffered an impairrnent 1055. If any Such indicatJn exists, the reeoveiable gmunt of the asset is estimated in order to determine the extent of tho impeiment 1088 lif any). 1A Cash and Cash •quival•nts Cash and cash 8quivalents include cash in hand. deposits he5d al call wlth banks, other short-term liqu inv8strn6nts with original maturitios of three rnonths or18ss. and bank overdrafts. Bank overdrafts are shown within borrowings in uJ¥rent liabilities. 1.9 Flnan¢ial instrumonts The charity has ethted to apply the provisions ol Secllon 11 'Basic Financial Instrum8nts' 8nd Section 12 'Othor Financial Instrumenis Issues, ol FR$ 102 to all of its financial in8trurnents. Financial instruments aro [gnised in the charitys balance sheet when the charity become5 paty to the contraciu81 provisions of tha instrumenl. Finan¢ial as59ts and liabilities are offset, wth tha net amounts presented In the financial statern8nt5, wtt8n thèrè is a legally enforceable right to Set off the recognised amounts and there 1$ an intention 10 settle on 8 net basis or to realise the asset and setue the liability Simultaneously.
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies IContinu•dl asl¢ financial assots Basic financial assets, which indude d8btors and cash and bank balances. are initially measured at transaction price including transaction costs aThJ are subsequentty carried al arnortised cost Using the effective Inte$t method unless the arrangernent constitutes a financing transaction, where the tran58clion 18 measured at the present value of the future receipts di5Un19d at a markgt r8t9 of int8r8St. Financial assèts classified as re¢ewable wthin on& year afe not anvb"sed. Ba51¢ finan¢ialliabiliti•s Basic financial liabilities. including creditors and bank loans are Initial rgry)grTri8ed at transaction pric& unless the arrangement conslilutes a financing transaction, where the debt instrument Is measured at the present value of the fvture payments discounted al a m¥rk8t rate of interest. FinanLyal liabilities classified as payable wthin oné y88r 8r& not amortised. Debt inslruments are 5ub3equenly rarried al amortised $t. using the gffe¢two inlarost rate method. Trade creditors are obligations to pay for goods or setvices that have been ar4uired in the ordinary coursè of operations froffl suppliers. AnKJunts payable a classified as curreni liabilitie5 rf payment is due within one year or 1855. If not. th•y are presented as non-current liabilities. Trade creditors are recognis8d initsalty at transaction price and sub88quently measured at arnortised cost using the effective interest method. DeTegnItiOn of ffn•nei•l liabllltlas Financial liabilities are derecognised when Ihe charitys contra¢tua1 oblKJatK>ns ex" or are di$¢harged or canc&ll8d. 1.10 Employee benefit8 Thè cost of any unu$ed hol*Jay entiuement r6C%)gni$ed in the pèriod in which the employee's seryices are re¢&ived. Temiinalion benefits are rg¢ognis8d immediaiely as an expense when the chanly is dernon¥trably ¢ommitt£d to temin8tg the employm8nt of an employee or to provide temination benefits. 1.11 Rotirèm•nt b•n•fits Payments lo d8firt8d contrfbulion retirement benefit schemes ere charged as an 8xpense as they fall due. Cri¢i¢al accountlng osllfflate5 and JudM•nts In th8 application of the chafity'8 a¢¢ounting poliryes, the truslee5 arg require(I to mak¢ judg9mgnts, estimaies and a55umptions about the carrying arnount of assets and liabilities that arè not readity apparent from other sources. The estimates and 8ssociated assurytions are b888d on higtorical experience and other factors Ihal are considergd to bè ro16v8nt. Actual results may differ from these estimates. Thè estimates and underfying assumptnS are reviewed on an ongoing basis. Revisions to accounting 85timates a recognised in tha pèriod in which the estimatè is revised where the revision aff8¢t8 only that period, or in Ihe pariod ol the revision and fLrture pgriods whare the revision affects both curr8nt and luture period5.
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from donatSon$ and 18ga¢l•8 Unr•strlct•d R•strlct•d fund* fund8 2025 2025 Total Unr•strict•d R•strlcted funds funds 2024 2024 Total 2025 2024 Donations and gifts Legacies Grft aid 152.629 3,166 155,795 150,829 110,477 28.589 5.199 156.028 110.477 26,574 28.234 28,289 {151 180.863 3.221 184.084 287.895 5.184 293,079 Income from eharltable actlvltles Restrlct•d funds 2025 Restrlct•d funds 2024 Cttur¢tt actlvltlès SOcr and netball schools other Income 5,365 2.912 8,267 5,119 8,277 11,386 Othor incomo Unregtrlcted Unrestrlcted funds funds 2025 2024 Othér income Deposit ac¢J)unt interesl Hire of premises 1.074 2.155 1,675 1.106 1.897 940 4.904 3,943
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Expendlturé on eharitablé aetivitiès Church acllvStles 2025 Church actlvltl¢s 2024 DIMct costs Staff costs Deprèciation and impairment Telephone Postage and stationery Computèr costs Soccer school Mens ministry Ladies ministy Children and Youth expensès Property r8ntal Staff training M8n58 expens8S Church expenses Free Mothodist Church Travel expenses Visiting speaker expenses Other ¢h8ritsble exponditurg 85,584 2,334 1,618 734 1.147 8.$21 200 189 5,670 12,rKJo 601 4,360 15.556 7,620 1.774 1.700 8,660 78,518 2,501 1,436 954 504 6,44e 5.574 482 1,983 9,535 2,332 14,745 7,092 998 1,000 8.555 158,266 144,655 Grant funding of activilies18ee note Tl 20.520 30,969 178,788 175,624 Anaty8lx by fund Unrestricied funds Restricted funfjs 167.290 11,498 160,394 15,230 178,788 175.624 10-
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Grants payable Chureh aetlvltles 2025 Church actlvltl•s 2024 Grants to instlbJts"ons'. Sportsrea¢h Royal British Legion NISCU The Way Chur Cornerstone Church. Bentham CAP Lancaster & Morecambe Prison Fellowship Open Doors Our Daity Bre8d Capenwray Hall Tearfund Wasl End Impact 1.800 3,121 20 900 250 250 11.000 750 819 819 500 200 50 1,500 1.500 fj,700 17.679 Grants lo indNidu8ls 13.820 13,290 20,520 30.969 Not M0M*nt In funds 2025 2024 The net movement in funds is stated after chargingllcredilirol.. F885 payable for the independent examinats'on of lh8 ¢haritys financial $t8taments Depreciation of ownad tangibl8 fixed assets 2,334 2.501 Trust••$ Both the Lead Pastor and AssoAt& Pastor (who are also Trusleesl received remuneration for minis18ri81 work dona during the year. Rev C Murgu rec¢iv&d gross pay 01 £34,05712024- £31,616) and pensM)n contribution5 of £2,655 12Q124 - £2,3701. Rev l EIrshaW reiVed gross pay of £37,202 12024 - £34,423) and pension contributK)ns of £2.65512024- £2,370). The Trustees wgre rgimbursed expenses of£1,74912024- £798}. 11
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Employees The average monthly number of employees durfng the ygarwas.. 2025 NuMr 2024 Number Employm•nt costs 2025 2024 Wages and salaries Soaal security costs other pension costs 78.514 1.760 5,310 72.668 1,110 4,740 85,584 78,518 There w8r8 no omFloye8s whose onnual remuneration was more than £60.000. 11 O¢h•r oxpendlture Unrestrkted Unrestrfcted fvjnds funds 2025 2024 Financlng costs 530 12 Taxatlon The charity is exeThyt from taxation on its activiti88 because all its inGome is applied lor th8ritablo purposes. 12
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 13 Tanglble flxed a$sèts Fr•¢hold l•nd FIr# #nd and bulldlngg flttln C0mput•r¥ T¢Jtsl Ct At 1 January 2025 119.820 31,145 6,088 157,053 Al 31 Oecernber 2025 119,820 31,145 6,088 157.053 Dgprgciation and impairmont At 1 January 2025 DeplaIK)fi tharggd in the year 25,725 813 3,602 1.s21 29,327 2,334 Al 31 De¢ember 2025 28.538 5.123 31,661 Carrylng amount At 31 De¢èmb6r 2025 119.820 4.607 965 125,392 At 31 Decemtxr 2024 119,820 5.420 2,486 127,726 14 Dgbtor¥ 2025 2024 Amount8 falling duo wlthln onè year. Olhlr dèbtors 1,451,544 1.425,596 15 Cr•ditors: amounts falling du• within on¢ y04r 2025 2024 Other taxation and Sla1 security Trade creditors 1,103 2,977 1.067 2,183 4,080 3,250 16 Retirement b•nth •cheme$ 2025 2024 Deflmd ¢ontbu110n schemes Chargtr io profit or loss in respoct of defined contribui*)n sehèmas 5,310 4,740 The ehanty operates a deffined contribubon p8nsion scheme for all qualifying employees. Thg assèts of the SCI9 atB held Separately from those of the th8rity in sn¢Jependently administerod fund. 13
CARNFORTH FREE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Restricted funds Th8 r8Strict&d lunds of the charity comprise the unexpended balances of donations and grants held on trust subwt to 8pealie condttions by donors 8S to how they may bo used. At 1 January 2025 Incomlng r•soure•s Rgsourc•¥ èxpandèd At31 D•camr 2025 Gifts for specific purpos85 Building Food bank Soccer school Ladies ministry Youth 3,211 13.2111 1.051.862 139 1,051.862 139 5,365 27 2,895 15,3651 1271 12,89SI 1,052,001 11,498 111.4981 1,052,001 Pr•vious year: At 1 January 2024 Incomlng rewurces Resources At31 8XP8nded D•¢embèr 2024 Gifts lor specific purpo3e8 Building sO¢r school Food bank Men's ministry Ladies ministry Youth 15 1.050.481 3,344 1,380 6.287 (3,3591 1.051,861 (6.2671 140 140 4.959 16D 460 {4,959} 1185} I4) 25 1.050,861 16,570 15,2301 1.052,001 18 Unro$trl¢tod funds Th8 UnStrted funds of the eharity comprisa tha unexpended b8lances of donations and grants which are nol subject lo spe¢ifi¢ condition3 by donors and granlors as to how they may be used. These include designated funds which have been set aside out of unr8slricled fvnd5 by the trustees for speufic purposes. At 1 January 2025 Incomlng re8oiirces Re50ur¢e5 expendéd At31 D•cembor 2025 Genwal ndS 669.239 185,767 I167.2) 687,716 14-
CARNFORTH FREE MEfHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 UnT•stricted funds Icontinuadl Prevlous year: At l January 2024 Ineomlng rbsourc05 Resources sxponded At31 D•C•Mr 2024 General funds S38,325 291,838 I1,924) 669,239 19 Analysis of net a8sets b•twe¢n Tund8 Unr•strKt•d fvnd8 2025 Restricled fund$ 202S Total 2025 At 31 D•¢èmbèr 2025- Tangiblo assets Current ass&tsllliabilities} 125.392 562.324 125.392 1,614,325 1.052,001 687,716 1.052,001 1,739.717 Unr•strtct•d funds 2024 Restrlcted funds 2024 Total 21124 At 31 D¢cèMr 2024., Tangible assets Current as%tsllliabilitia$} 127,728 541,513 127,726 1,593,514 1.052.001 669,239 1.052.001 1.721,240 20 R•lated party transactions The tharity provided a loan lo CFMC Development Company Limited, a ¢omp8ny of whh the charity is the sole shareholder, to enable the company to un¢J$rt4k¢ a building development. Al the balance shggt datg thè amount due from CFMC Development Company Llmiled was £1.420.15312024- £1.419.211. The total dorotions made by the Trustees to the charity during the year 8rnountgd to £21,130 12024 - £32,785). 15-