Church Aecruals Aeeounts 202425 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS FOR THE YEAR ENDED 31 AUGUST 2025 Lou hton Methodist Church Chureh no 35133 Registered Charity- Registration number 1126831 Church Chair Revd Sue Crei ton Church Stewards Paul Davies Ste hen Murra Mar aret Dono hue Church Treasurer Martin Howarth LOUGATON METHODIST CHURCH TRUSTEES, ANNUAL REPORT FOR THE YPAR ENDED31 AUGUST 2025 IntrodwttlOD The l.oughton Melhodisl Church setve5 to enable and support ihe lo¢al community The Chair- Revd Sue CT¢￿hl0n works togeth¢r wth aieam of paid andvolunt&ryofficers to support and develop ih¢ lile of (he Church. OD 20 November 2008, Ih¢Church entered into the Re￿￿terOr Chutities and the Chariry Numb¢ris 1126831. The M3naBing TTusie¢s ofth¢ Lou8hton Church Hre the members of the Church Council which me¢ts gen¢rally 3 - 5 times per year 10 considerthe work of God the Church and th¢ g¢neral management of the Church and its business. The tnembgrship of the Council is 8ov¢rned by Ihe St8nding Orders of the Melhodisl Church. The offi¢¢rs of the Chllrch who are appointed by the Church Council to aci upon its b¢half comprise the Minister, the Ministerial Staff Team, the Church sle￿ 2nd the Church Fin8nci81 Slewsrd ltre&surerl. Objective5 Aclivities 2.1 Airn5 and orgHni$%tio The aims ofihe Church Council through its officer5 are twofold". to secure 5U51ain the Church's vi8biliry 2nd fllthre to give atsurart¢e 10 the Beneral public that the Churth, Nsq]i¢h is a Ch￿lty, int¢nds 10 all of the money co[n￿8 into its are forthE purpose of Ihe charity. 2.2 Loughton Methodi$t Chvr¢h C.$lllng Vision The Church's vision and calling dOcu￿ent slates "At LMC we ar¢ ¢on￿lI￿ed to shsring lif4 doing J￿￿510n and building Cotnmunity. We beli¢v¢ this honours Christ's caIl. bullds God's K￿￿aDM and britt8S tr8nsforniation.' The Ghurch ￿11 athievt this by.. Sharing life ihrou8h worship, small groups, Tjles of passo8e, pastOTal ¢ar¢, lisiettin& encourBging one Bnolber 8Dd soGi3] By engaging in God's mission of justice. hope and p¢a¢¢ for the world. The church listens and Tesponds to God's Call to brin8 ¢hang¢ and transformation BUild￿E ￿n￿llURity Ibrougli ￿l¢0M¢, r¢5￿¢¢, a￿PIance. toler1￿Ce, IDdusivity PTovidin8 as￿¢ b¢lon8io8 During the year eDded 31 Au8U5t 2021 the Lou8hion Meihodist Church council look over the r¢spDnsility for the Loughton Trinity D¢bden Church. The ￿lCOme and expenditure tel￿]ng 10 th¢ ¢hurch is included ￿ the SOFA on pABe 9. Review of progress *¢hievemtDI$ 3.1 Lought0￿ Melhodi$t Churth Report A v¢rbal r¢port of tlie LoughloD Melhodisl ChuTch was prestni¢d 10 ihe Annual Church meetlIiB, which gave fijll details ofih¢ activities ofihc Chur¢h. Page I LOUGHTON MF.THODIST CHURCII TRUSTEES, ANNUAL REPORT FOR TIIE YEAR Ei%'DED 31 AIICIIST 202S 3.2 Plan5 for future ye#rs To d¢v¢lop our 5 year ￿lling and vision by promoiing (he use of the UPBroded wtnmunity cafe and Wel￿Me grea to develop a ¢ommunity hub Promote and encoura8¢ newl¢ad¢rship aeross the lifr of the chuT¢h and ¢quip. train 8ndsupwrt new and existing ltadus Financial PlaTr5 1n(l Review Tht Church's financi31 requ￿entS aTe Tcvitwed each ye8r in the L￿￿text of the aims lisied above Bnd the loc4 COIiBreBation are invited 10 m8ke offers of ashare in ]neelin8 Iht ioial ¢osi. ThE annual budg¢t in¢ludes a provisioD for the Beneial mainieftan¢e of the Church property. howcv¢r. if large eX￿ndItUre is needed ￿￿thIn the year to tnainiain Church propety. the work ne¢dtd ￿￿11 be agreed 2nd autho[￿ed on a Case by ¢ast b￿1$. The funding of large capital t¢quir¢ments is reviewed on a c￿¢ by Case basis gnd grants applied for wheTe ne¢e55aIy. Church income prim*ily from (he offerings and letting. DLUillS the year Off¢rin￿ decre&sed lo £90.787 12024.. £94,871). Rental income was re¢¢ived during the yesr frotD the letting of halls 10 ￿ternal groups. Durin8 the Y￿ l¢ttin8 income in¢re8sed to £99.52112024. £94,721). ExFndilur¢ inereased to £312.662 12024". £288,7981 as th¢ property expenses increased du¢ 10 8rre8rs of eledricity charges at TT￿lty other ¢xwiditure inClud￿g £7,724 foipTofessiono1 fees IFe8sibilty study-Heaiingl At 31 AuBusI 2025, unrestrid¢d reserves. ex￿Ud￿8 the p[0￿rtY fund, siood al £270.87812024". £293.5331. Unresiticitd Fllnds Gener&1 Fund- thi5 fund tog¢ih¢r with other unrestricted represeni at least SIX nlODlhs expenditure of th¢ Chureh's 8¢D¢ral Activities Rnd Nvhilst thi5 repTes¢nis a significant Sll￿, Il is wnsidtred important that level of fvnding be maintained to IllEd un¢Kpe¢t¢d ex￿ndIt￿re. The balance ai th¢ y¢ar end £9.429.942 afteT adJ￿iMents for aecrLLg1s. ineluding £9.159.064 ielalin8 ID the Church properry ￿￿thIn the ChuT¢h but wh¢r¢ the tide lies with thE T￿￿te¢S for MeihodistChur¢h Purpose5 Designated Fund- For S￿rIfiC PUTWS¢S. bui not restricted by doGum¢ni or deed to that purpose on]y. Balance ai the y¢8r ¢nd was £5.93912024". £NIll. Restrieted fLuDds For specific pllrposes resiti¢ied by document or deed lo that purpose only. Th¢ balBnce at the yeBr end wag £79.009 12024. £96,954). PaBe 2 LOIIGHTON METIIODIST CHURCH TRUSTEES, ANNUAL REPORT WOR I'HL y￿AR ENDED 31 AUGUST 2025 4.1 Invtstmtnt Policy The ￿VEstInent of surplus funits is operated ihrollgh the Central F￿an¢t Board ICFBI of the Methodist Church. CFB aim5 to provide high quality inves1￿¢￿1 $¢rvi¢¢ s¢¢kin8 atrt)ve average returns for IonB term invesiors, whilsi ¢nsurinB that the securitie5 h¢ld by all ils fvnds are in line with the ethical policy of the M¢ihodist Church The Church h3s its fund5 in a d¢posit account th CFB. 4.2 Reserves Poll¢y Our R￿e￿leS Policy relRtes to oui untegtri¢ted funds wthich are freely 8v8ilable foi aDy or atl of the purposes of the Church. It is our policy 10 hold at le8St six months expenditUTe fft hartd to ¢nabl¢ ￿ io meet any ￿lIS for fllThd￿B tequinIients. T*￿81¢e5 Rtsponsibililits For eDch financial ytar ending 31 Au8USt. the trllslees are reqll￿ed to ptrpare fin8n¢ial statements that give e true and fair view of the Church's financial Dclivilies durinB the year and ofits fin3nciRI position at the end of the year. In preparing these financial siatemeni4 the Twste¢s mllst.. select suitable accounluiB policies and Ih¢n apply them collsislently., Ake jlldgements And estllnales that are reasonable andprudeni: prepgre accounts to comply with the Charili¢s SORP., follow applicable account￿8 standard5 subj¢¢i to any material departures disclosed and explained in th¢ accounts.. pr¢pare ihe accounts on tbe concern knis unl¢ss it is tnappropriate to PTesume that th¢ Charity will contsnue op¢ration. The trustees rtsponsible for ¢nsuring that sufficient accounting records aT¢ kept which disclose with Te&son3ble a¢¢ura¢y ai Sny time the financial position of Ihe Methodist Church - Loughton Church and ¢nabl¢s Ihem to ensure that the financial siaiements comply with Ibe law ond Standing Orders of the Method￿1 Church. They are also responsible for safeguarding the asseig of the Church and hen¢¢ taking re8sollRble steps for the prevention and detec￿On of frHud oiheT irregulariii¢s. 5.1 Risk Mim*gement The Church has been considering the various ris￿ fa¢ing the Churth Dnd the unpact and th¢ likelihood of issues happen￿￿, whi¢h ￿ryI1 b¢ reviewedevery few yeaTS. The headings underwhi¢h the T1$￿ are being categorised inc]ud¢'. Govcniaii¢¢ RIS￿ including Trustees, Responsibililieg - Operational Risks induding Resources. People 3nd Ptop¢rty Finan¢ial Risks - Extetnal Risks and Legal Risks Page 3 LOUCHTON METHODIST CHURCH I'RUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Struciurt, goverDaThce and maD4getnent 6.1 Strueiurt The Loughlon Melhodisl ChuT¢h is an unirt¢orporat¢d ￿SoCiall0n 2nd is governed by the McthDdisi Church Act 1976. the deed of Union and the Model Trust tkeds of the Methodist ChuTch. 11 w regi5teTed with the Charity Cornmission¢rs on 20 Novernb¢T 2008. ChuT¢he$ are the COOTdin&ting ch2rilie5 foi local publi¢. Most d¢¢isions are made al or ratified by the Church Coun¢il. The Methodist Conferene£ me¢ts On￿ each year asthe supreme denojninalional body forall meih0d￿t Churches l Overall regulatory authoiityTes15 with the Meihodisi Conferenee. 2 The Connexional office Unple￿ents decisions made by Conference and is also Teswnsible for the $iationitt8 of presbyters and deawns l¢oll¢etively known 8s ministers) ￿ ￿diVidual Chut¢h¢s wiihin Ihe Circuit. 3 The Church Council passes Tegulalory conlrDI 10 church eouneils for Ioc31 impletnenlation by th¢ prtsb￿cr, the Churth Stewards, and oth¢r offic¢r& and regulatory Duthotity is then ¢Atr¢ised by church collncds as ManagiDg Tru51t¢s of th¢ir charity. 6.2 Purpose of the Church Th¢ purposes ofihe Loughton Methodist Church are and deemed 10 hav¢ b¢en Since the dale of the union thc adva￿￿ment of.. the Chrisli8n faith in aCCOTdan¢e with the doctorinal s18nd8rds Rnd the discipliDe of the MEihodi$i Church, and any ¢haNiable purposes for the time being of any connexional, District. Circuit, Ioc81 or other 018ani$aiion of the Methodist Chuith, and I￿]Y chaTiiable purpose for Ih¢ lime being of Bny SOGiety 01 institution subsidiary or ancilliary to the Methodist Church. any pun)os¢ forihe lime be￿g of BDY ch3tity be￿8 a $ubsidiary or ancillary of the Methodist Cburth. The primary putPDS¢ of this Church is to Rdvance the mission of th¢ Church in Ihe lo¢al eommunity providing opportllnities for Churches to worktOgElherand sUPPOrt each other offtTing 10 Churches resouree of finance. perSO]￿gI I￿a cxpertist. 6J Govero$n¢t Detailed governance arrdnscrncrtts are outlined within the ConstitutiOll31 Ptadi¢e and Dis¢iplin¢ of Ih¢ Methodist ChuTth by the ord¢rof lh¢ 8nnu81 conference ICPDI. Day 10 day management of the ChuTch is undertak¢n by lh¢ Church LeadeTship Team. thE Chur¢h Finance and Property Co]]unittee and th¢ Church Coordination Group. 6.4 Pvbli¢ Beneflt Requlren)t￿t The trustees had duc rrgard to th¢ 8uidan¢e published by the Charities Cotnmission in compli8ntt with its duties under S￿li0￿ 4 ofihe Chsrities Act 2011. This guid3nce se15 Out two kty principl￿.. The orsanisation musi have an identifiable benefit. The benefit musl be to the public or as¢¢iion of Ihe pllblic. Th¢ Chureh exists to. - incrt&%e awareness of God's pr￿e￿tt and to ¢¢l¢bratr God's love. - help peopl¢ to leBm and grow Hs Chrisli3ns, through muiual support and C￿e. 8nd - be a good neighEMiur to people in need and ihall¢ng¢ tnjustice. The iw[e￿ Consider that for these Teaso]]s IhE ¢h¥sily meets Ihese public benefit requirement5. Pa8¢ 4 LOUEHTON METAODIST- 7RUSTEES' Af4NUAL REPORT FOR THtYEARENDgD 31 AUGUST21llS The Cburcb isp3rt ofthr ForestMdbiAi* CirGuilgudiS also occoullthleio theM¢thodiStCottferc Rderence Ad]nlvistY*don Detalls .Y.J Thethll r*f the Charity is t•U8hEoftMethndist ch￿￿￿ 72 Th¢ Iwg&toll MethodiBt Churrh is r¢wtared Ds a th￿lty wlth th¢ o￿lty CotkUDiWOU in En8180d and TIAieB. Th¢ orgaLisatioll'G ChaTityNo i$ 112653L. 7J The addRss DftbE for coryondruc¢i$ 260 1Sgb Road. Lought￿ Es84 IGIO IRB. Thc ngmE of1beptts(￿ Èo who 7.4 The Ir￿Ce$who s#v¢dduringtheycar are li5rrd on ihe lutpage of 1hesctlrt￿claI startm￿ts. ThtChurch'$ BankeL8 BLf.' CAFBaBK Bot¢]aysB8llkPic andthe C¢Dtral FitthnttBo8rdof the Methodyst cbutth'CFB". 7.6 TrnitetTral]thg A rdDge of guidBn¢e produced by MctbodiGt CO[￿LeXI0￿ to suppod th¢ tffectiVgTUDDiD8 oIthE Chw¢b, specifically th¢ l¢plld ¢ role of & Trnsree iti th¢ Metkndi5t Clllwch, i6 ￿Ve11 to au ttew ch￿th Cvuncil m¢oJbers as inductioll to thEir rolt &$ lu so farps thc ttttstttS8re - thcreis rLOTelev￿ta￿itlnfOrrnatiOtt tsfwhichthe Clanty'saudittsts are iiijawuc,. aud - the tsvst¢¢B have takeTL all the steps tha¢ th¢y ¢ughtto bave tgknto thw8¢bKs of ￿ly[¢)￿VR￿t &udiÈinformatioll abd to utablisb thatthe audito￿ ar¢8￿re oftb8Ljafo￿thOjl. Th¢ auditotsClayRaTllage Sttcvclls &HÉUs b4dt¢enr¢appoiDt¢d ¥5ouditots ro th¢ClnMdLforthisy¢ar. Approvd by thv m E trn$tccs ott.................................. . and si8ndoM their b2hallby.' Pfi¥c5 LOUGHTON ML'fHODIST CHURCH INDEPENDENT AVDITORS, REPORT TO TIIE TRUSTEFS OF THE LOUGHTON METHODIST CHURCH Opinion We have audited tlie financial stslet￿nts of Loughiort Methodist Church Ilhe 'charity'l for th¢ y¢ar ended 31 Allgust 2025 1%thich ompn5¢ Si#i¢ment of Financial Activities, the Balance Sheei artd notes to the financial slal¢m¢nts, inrluding a sunllnary of SiBnific8nl accounting ￿liCit$. The financi81 reportimg framework that has been applied irt ihcir preparation is applicable law and United Kingdom Accollnting Standards, including Financial Reporting Standard 102 Tlie Financial Reporting Standard applicable in the UK And Republic of Ireland lU￿11¢d KinÈdomGenerally Acceptal Aoxunlins Prncli¢el. In ouropinion the fin#n¢ial statements. Biye a irue and fair view of the stsle of the Charity's affairs 2$ 8131 August 2025, and of its in¢oming ￿0￿￿e£S and application of resources, for the￿aT Ih¢n cnded.. . have bttn properly prepAred in accordaiice with United Kingdom Generally Accepted Accountin8 Pra¢iiK and have been prepared in with the requiremeiiis of the Charitie5 A¢1 2011. asls of opinion We conducted our audit in ￿Cordance with IntLYllational SlandaTd5 Auditing IUKI IISAS IUKII and applicable law. Our re5PDn$ibililiCS under those stRndards are furth￿ describEd irt the Auditor's responsibilities for the audit of the financial statements S￿110￿ of our report. We ar¢ indcprndent of the charity in accordanc¢ with th¢ ¢ihi¢81 requirements that Rre relevant to Dur iudit of the finan¢ial staiemertis in tlie UK. Includins the FRC'5 Eihieal Siandard. Rnd we have fulfilled our other ¢ihie&l reswnsibilities in &ccordRnce wilh ihe5e requir￿￿￿15. We believe thai the alldil evide￿￿¢ we have obiained is sllffieienl and appropriate lo provide basis fTrrovropinitsn. C0￿cluSIOnS TelxliD% to golng co￿tEr￿ We have nolhinglo rEport in respect ofthe following tnatters in r¢laiiott 10 whicli the ISAS IUKI require us ID report 10 you where.. ilie irtsstees, use of the8oin8 con¢ern basis of acc¢unting in the preparRtion ofthe finan¢ial staten￿ll￿ is not appropriate- 01 the tru51¢e5 have not disclosed in the financial slalements any id¢nlified m&teri&l uncertainties ilial may cast 5ignifiearti doubt about Ihe eharity's ability to ￿nI1￿uC lo adopl th¢ going concem basis of a￿untIng foT a period of81 le8St tt¥elve Inonlhs from the dat¢ when the finAn¢ial 51ateTnÈnts are allthorised for issue. OthÈrlnf•rmAllon rhe irustees are responsible for the Olh¢r inf0m￿lI0￿. The other infornulion comprises the infomiation includd in the tmsi¢ts' Bnnual repDrt, other IhJn ihe financi81 st&temen15 Dnd our auditor's rtport thereon. Our opinion on tlie finaTr¢ial staiements does not Cover the other infonnRtion and, eX¢Epf 10 lh¢ txtent otherwise explicitly stat￿ In OUTr¢pTrrt, we do not express any foTm ofa55urantt onclusion th¢t￿n. In conn*lion witli our audit of Ihe financial staiements, our respDn5ibility is kn read ihe other InfornThtio￿ and, in doirtg so. consider whether the other infonnBtIOll 15 tnaierially inconsistent with the fIna￿CIal slaletn¢nts or ottr k￿O￿,1edBe oblaind in the audit or olhetWi5e app¢ars lo b¢ nuteriAlly misstated. If we identify 5u¢h tnaterial inconsistencies or apparent Tnal¢rial miSSL4tements. we are r¢4llired io determine whetlier there is a TDaieri21 mlsstaten￿nI in the financial stal¢TTKnlS Or a material misst81einenl of the olheT infornThlIo￿. If, based Ihe ¥vork we have perf0￿￿d.we conclMd¢thai there Is 8 material misslaletllenl ofiiii5 oih¢r lrtfomiation. we ar¢ r¢4llired to reKM)rt th81 fact. W¢ have nothingto re￿rt in this regard. PaE¢6 UTrIIGHTOiY METHODIST CHURCII IiYDEPENDENT AUDITORS, RKPORT ICONTJNUED TO TIIE TRUSTEES OFTHE LOUCHTON METHODIST CHURCH M*tttrs on whifb wt Are rtquired to report by exeeptlo We have nolhingio reporr ill resF¢l of Iht following nLgtters in rdation to which th¢ Charities IA¢¢ounis and Reports) Regulations 2008 requir¢ u510T¢POrt toyou if. in ouropinion.. . the InfonTkilion givtrt Trt the financial statements is inconsistent in any rnaierial rt$￿tWith the trustees. re￿}rt., or sufficientaccountingrecords have not b¢¢D k¢pl,- or the financial slalements artnol lrt agreeinent witli the accountin8 record5- 01 wt have not received all the information and explanation5 we reqllire for ouraudil. RtSPODsibilities of trustet5 As explained more fully In the trusiets. responsibiliiies statement sel out on pAge 3, the tru51ees a¢ r¢sponsible forthe preparation of rinaiicial Stalet￿nts which give a true and fair view, and for such inleTtbal ¢onirol the trusttts determine is necessary to ¢nable the prtparaiion of financial statement5 that are fre¢ froTn T￿teriAl misstatement. whellier dueto fraud or¢rror. In prwaTlllB the financial statsments, the trustees are rE5ponsible for awssing ihe charitsr's ability ro continue as a going Concern. disclosin& as applicDble, matter5 relaitd 10 ÈoinB ¢oncern and using the going concern baSTS of ateounting llnless the trustee5 either intend to liquidatetlie charity or 10 C￿e 0￿ratiOnS, or have no realisti¢ alternative but to do so. Auditor's re$pom%lbllltles for tbt a￿di¢ Df the fjnancial 5taletnertts We have b¢¢n appointed as auditor under ￿10Th 144 of the Charilits A¢1 2011 and report in wxordonc¢ re8ulaiion$ made under section 154 of IharAcl. Our objcctivts are to obtain reasonable assurance iboul whether the financial statements as a whol¢ are free from material InisStatenKnl, whether due 10 fraud or error. and to issue an auditor's report that in¢ludes (Jur opinion. ReasonRble as5uran¢¢ is a high level of ?5SuTance. blli is not a guarantee dial audit coDdueied in Aeeordance with ISAS IUKI will always de￿et 8 material misstatenKnt when il exisls. Mi55taltmertL% can arise from fraud or error and art ¢onsiderd materiAI if, individually OF In th¢ aggregate, thty coknld reasonably be ex￿1￿ to Influen¢¢ lh¢ ¢¢on¢mic decisiolls of users tsken Ihp bisis of ihese financial statements. To identify risk$ of material missr81ement due to haud I'fraud risks") we assessed events or conditiQ¥ts thai Could indicate incentive orpressuretOCOTnrnil fvaud or providean opportunity lo Gonullil fraud. Our risk a8￿$ment procdiiKs included.. ObtaiHing ali uiidttstaiidiiigof the leg81 and regulatory fraTneworks applieable to the charity. . Obiained an underst&ndiiig of how the charity 15 ¢omplyirtg wilh those legRI and regulatory frameworks by m&king enquiries to the trustees. . The susceptibility ofthe cliarity's finan¢ial sMi¢ments to material misst8tenKnl Lxused by fraud or other irregularities were &sse55ed with the following pro¢tdures' - Identifyingand 8ssessing the design effe¢tiY¢rtess ofeontrols which trustees haye in pla¢e 10 pr¢veni and det￿1 fraud - UnderslandTllg how Ihtyst eharged with governance Consid￿ th¢ wi¢rtli&l for QVLYride ofcontrols and manasetnenl bias¢s Identifyingand testing journRI enlrie5, In partirularany Jo￿rnal entries posted with unusual &¢¢ouni ¢ombin8tions Pot¢nliRI fraud risk5 that haa betrt identified ihrouglioutthe planningand ¢ommeMcementof tlie audit were communicaityl 10 Ih¢audit ium. P8ge 7 LOUGIITON METHODIST CHURCH INDEPENDENT AUDITORS. REPORT IcoNfINIIEDI TO'I'HE TRUSTEES OF THE LOUGHTON METHODIST C.HIIRCH Be£au5e of th¢ inh¥¢nt limitations of an alldit, there risk that we will not d¢ie¢i all irreglll&ritics. including those leadin8 lo a m&teriRI misslRteNMI In the finanrial 51yttn*nts or non-compliance with regulation. The risk in¢reas¢s the more that compliance with a law or rcgulaiion is removed from the events and ttan5a¢lion5 r¢fl¢¢itd in Ihe financial statemenis, as we will be1&ss lik¢ly 10 become aware of instsn¢es of llon24 12.065 50.000 34.390 977 52 393 46233 Otherin(ome 2024-25 2023-24 Welcomearea rereiws 27.260 26.￿9 Rower fi]nd 345 442 Ho]id&yclub 28.822 oirEfinEJ4nd t4x recovtThblt 0￿￿¥S T￿re(￿Ne[abl4 202$25 202>24 73.894 78.023 .787 94.871 Crints llnd donahon5￿ce￿£d 202425 2023-24 Orant- Epping Forc51 D15tricl Courtil Qrnnt. DAFandCwalltRcaftRfutbishm¢nt 2.È75 45,290 2.È75 Grants gnd don3tioDS paid DOn￿￿p￿d lo￿24 4,6?0 4.670 4,67Q 4.670 LQUGHTQN METIIODlStCHURCH NOYESTOTHE ACCOUNTS FOR fHX YEAR ENDED31 AUGUST 2028 202¢15 20￿24 Gr055 PRY ETnployerf5Nitionil InsUrnn¢¢C￿I￿￿I EmpluyrtP¢TrS10n ¢oninbutiontQ%h¢0efiW￿nef1t OLemE Ca5ualwig ApptEnn5hip Icvy AdmI￿s￿atIDn ¢0 80.053 6.016 4.803 8.164 438 480 107.787 97.172 Thc &vEtagtmonthtynumbttofst4ff onpl0￿ during th¢prwas s(2￿4 41 ThErewerenocmploycc5 wh05cannithleino1iiin¢Thisw¢Y¢160.I￿￿rrnOre N￿e0fthe￿niS￿￿ ha￿bttll paid ￿Yran￿ner￿I1{￿￿r￿xlv￿l3llyorfierbenefits fri>m an e￿￿o￿ne￿t￿lthtTrle￿￿rth Dr[￿￿yCdp1YMC￿l for4¥pe￿¢s. P¢nsion ¢D$ts Thel(Aal pensioncost fortheChuTthfortheyeuended 31 Au8uSt2025 ￿su.177[202￿. 14.8031 Thu¢ww¢N(wt5tsnd￿orpry￿dpe￿SIUn canmbuti(￿Sj131 Aulusi 202512024.. £NIll. PrDperty<05ts Churehrcp&itS InsutanreandthilitiES 20￿25 lo2￿24 16.074 PropErtymaMguncnt ind ¢lttnth¥ HEat8nd li¥ CaférefiiTkn5hma 29.886 .055 13.460 74.428 .581 OfflcetxptDse¥ 202*25 20￿24 l.920 3,377 cryi¢r￿￿5¢s Posio8¢8ndsiationery 792 996 6.306 7.887 10 Othirr%b*ndilurt PastOTal w(￿k lo￿2 2023-24 3.485 647 2.992 Sundries (incl ￿nkch￿S￿} Profr55ional fEe5 76$ 524 547 WdcomeareaciKSt 8.828 339 m0werfi￿d Youthworkwojxts Holidayclubmoney Minister'sdiscrL*ion3ryftLTLd PYopertyprojeth& fi]nd IF￿bility5tudYl Trinity. BA￿se I,￿6 1.5 7,724 26.562 202425 2023-24 Audilorf fe¢5 Other fett le.8.: Adw¢¢.4w)Iinlancyservicesl 2.842 2.759 4.674 4.536 LOUGHfoN METHODisf CHURCH NOTES TOTHE ACCOUNTS FOR THF. YF.AR ENDED31 AUGUST 2015 12 Tot41Tsnybie Fiied A58ets IAmd#thd Other Totgt FSxed Asstts ost DrvAlu81kn B&l4n¢¢&t 1st Styt2024 Addilionsin Ih¢wr Writcoffinthcytsr Revaluatton5 thEy¢Qr B&lancrat 315tAuguSt2025 9.159,064 241211 9.401.275 9.159,064 9.401275 DEprecLqthon Balanceat 1st Sept2024 Chargeintheyear DEpre£iarionan writeoff B￿¥￿e&l315t Augu&t2025 186,418 NttBDDk V4lu¢@ 31 Au8llgt2025 9.159.064 55,793 9.214057 N¢tBDDk V#lu¢@3J Ay8USt2024 9.159.064 71,290 9.230J44 The Land and Buildin¥s IChut¢h PwpertY)wettr¢vilu￿l Iheyear bythe T[U￿e￿ and thEti wasn0C￿ng£ invBlu¢. No dep¢eciAtiOiI prowded on ihc building bc￿u5¢ tkn ttU5tecS ¢OnSid¢r Ihtr ¢uiieni fo1r waliL¢ ofthe diurch building& lon thE aSSUmPtiI)n th&t it had reached Iheend ofits use￿[ el￿0￿]C lifeby IheyEar*ndl lobp nDI1¢55thNn its ttjml ￿11￿. AnyOwiiti￿1 wouidnot bemateri i¢dwi¢h propertylw been rewewed tsunpainneiit 13 DebtDr8snd prepay￿1￿￿ All sum5paidinadvBncrat31 AU￿t2024￿(¥tfO1 p1W￿¢sT¢QWrfy1aVrin82024- 202&25 202>24 Prepgyrntnts and acfrutd kncom C]rciiil ￿5sts$in*ll po14in ￿￿ll¢¢ Gifi ￿atAXrtt￿M￿ éu¢ 1&732 24.722 5.QOO 48.454 12227 5.000 Gr&n15rcrtiv&bl¢ Total 14 Trysttes formethodtstchurcb PurpDse5 The fiinds Ihat uippon ihc Vision Fund %r¢ h¢14 by ThCP. T￿￿ is Ilie le881 owner and CUSt￿ian T￿tee of all M￿h0￿$t Mod pryffj. induthn8 Le4aciE5. EndDwmcn15 AcaiTniil&ld funds. TMCP Iliat. Illrou￿1 prowthng guidance and acring undrf Ilieir al￿10Th. the Mgnaging Tn￿leeS compty with charity law and M&hd15t l&w &n6 wli¢y AS deten￿1n￿ by the Mdil￿sE Conf¢￿¢¢. 15 C¢ntrAI Flnanct B09rd ICFB}ADd cisb bxnk Tli¢ Cliurch has accoimls t1￿ following bank5. B8rclaJs B&nk Plc, C¢nttd Fin￿(¢ Bott￿ of th¢ Meihodisi Chwch"CFB". and CAF BBnk. Ill AieAYlhw$ed I￿lItt1tIOn& The SUEns hdd the aLYount are iThmEdiLtety a￿lIa￿E. ITr athjition. th&Chyr£h ha$ on¢dwit accDUllt&tCFB. In1¢￿ Is¢kme4on t￿￿cFB1tto￿nl andC￿lted￿0llt1ity. Pw15 LOUGHTON MEfHODIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEARENDED 31 AUGUST2025 16 Creditors iod A¢¢rutd expenses 2024-25 3023-24 Audit and aecount8ncy fees12024 & 20251 Ow¢d io other eharity Cleaning Bccruals Electricity and gas accruals EBAC G13nl- Liv¢sireaming Contribution5 Idonaiionl payable D¢ftrr¢d grant income 9,210 ,404 4.536 828 2.040 678 543 2.875 4,670 5,000 20.827 5.000 15,957 17 Grant coThtntttnents Theie were no hiliire commitmmis at 31 Augusi 2025 18 Church Iunrestrleted &Dd Reslrictedl Th¢ Chur¢h maints1￿ & number ofsep8rRte funds. The putP05q typE, moVe￿¢￿t and state as at th¢ endof year is dctumenitd b¢low. Opening Transfer Balance Incoming Resourtts between 11912025 Resources Expended funds Closing Balance 311812025 Gener41 Fu￿d5- Unre51rirted 9.452.597 246.283 1263,3741 15,5641 9.429,942 Designated Funds- u￿￿$trIcte¢j IDI 2,550 5,564 5,939 Othtr FNnds- Reslrlcted IRI Cheerful GiNryng- Children & Familie5 Cheer￿1 Giiryng- Buildins for fviure Cheerfvl Giiryng- Calling & vision Café re￿rbl$hMcllI 8ranl 50,568 3 J41 1.056 41.989 28.103 37,146 4.354 52 15.5881 36,401 9.549.551 278,001 1312,6621 9.514.890 un￿StriCt￿ Fund5 For use ai the diwretion of thetn￿e£S in the fi]rtherance of the objectives ofth¢ Church. This eKcllldes which hav¢ been designBted for &5￿CirJC purpose. Dtslgnated Funds For speeifie purwse& bllt not ￿tricted by document Ord￿ to that putPDS¢ alone. Reslriettd Fund5 Forspe¢ifi¢punKises apd restrict¢d by documeni or deed to th&t wrpose alone. Trgn$ftr ￿tween funds 2024-25 2023-24 Desi8n**d fun 5,564 7.847 During the year endEd 31 A￿¥￿1 2025. wer¢ tr8nsftrred from the BeneTal fund lo desiBnalcd fullds respect of specific projects. Page 16 LOUGHTON METHODIST CHURCH IYOTES TO THE ACCOUNTS FOR THE YFAR ENDED 31 AUGUST 2025 21J Volunteer CO￿trib￿tiOn Every entity Iconnexioll, Disiriil, Cir¢uii, Church) With￿ the Methodist cknu￿h in GB is heavily r¢liani on volunteers who l￿nInbute their ski115, li￿( and mortey in the fvrtherence of the work of the Church. 11 Is th¢ volllnteers who are ￿VOlVed in every activity in lh¢ ¢hureh 8nd without d￿7 the church ￿￿Uld not R￿CtIOn. We are grateful to all of Ihem foi the￿hElP and wmmiimeni. 21 RelHled Party TransAtlion Lou8hton Methodist Church is part of the Fore51 MeihDdi$i Circuii and The London District and ￿ also a¢¢ouniabl¢ 10 the Methodist Conftteiicq the ullitnale wnlrollin¥ tKKly. Kelaied p8rties glso include Mini51¢ts, oih¢r church￿ and Circuits, CenirB] FinBnce Boord of the MelhDdisi ChuT¢IL and Th¢'IT￿treS for Methodist Chur¢h Purpose61'ThlCP"I. During the ytaT ended 31 Au8usI 2025, th¢ Church reCO￿lSed grant of £Nil 12024 - £45,290) from Forest Methodist Circuit towaTds th¢ cosi of th¢ eafe 2nd welcome area refU[b￿hmellt. Induded in d¢biors at the b3]I￿re sheet date 15 £5.000 Brarti ow¢d from Forest Method￿1 Circuit. Durin8 Ihe ye8r P Davie& B Trustee, was paid £87012024". £8201 forgardenittg services to the ChllrGh. During the year£7,24412024.. £5.4101 was pllid lo R Ilowarth forservi¢es provid¢d in the running of Wesley's ￿re. R Howffih is th¢ dallghtttofTrustee Martin Howorth. Pw17 LOUGHTON MLTHODIST CHURCH DECLARATIONS Treasurer l ¢onfimi that I have prepared the accoullts from the records of tbe Church 2nd th¥&t they iticlude all fimds urLd¢r the control of the Chuwh Coutsc Sigpatllre of TreasuTer Naroe Date Martin How*rt Address 16 Matioran)s AveDue, Loughton. FA$ex IGIO IFr Pre8eutatioll to the Church Counell foT 8pprov l Collf￿ thatthe Accowits have beell ptcsellted to the ￿llr¢b Cowicil on 2p¥r alldwEre approvt41 on Z3.@ Signatw¢ of the Chair of the 3neetillg Name of the Chair of the meetiEg Rev Sue Crelghtsn DatE Delete as appropriatE Pag¢ 18 LouGwfoN METHODKST CHURCH TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Andrea David Moles Hobbs Angold-stephens Aldred Dr Donoghue Howarth Knapman Davies Moleg Heather Perry Creighto Murray Maule Hay Heather Itppoinied 1411120251 Keith Margaret Martin M8ry Paul Peter Sharon Stephen Sue Stephe Paul Paul Page 19