FLEET METHODIST CHURCH FINANCIAL STATEPIIENTS FOR THE YEAR ENDED 31 AUGUST 2025 CHARITY COMMISSION NUMBER 1127326
FLEET METHODIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Contents Pago Reference and Administrative Details Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-17
FLEET MEfHODIST CHURCH REFERENCE AND ADMINISTRATIVE DETAILS Charity Number 1127326 Start of Financial Year 1st September 2024 End of Financial Year 31st August 2025 Trustees Rev. Nick Oborski Ann Adams Tim Bailey Lindsey Brewerton Thomas Oborski Brenda Parker (res. 28104125) mauri Raggett Catherine Reeves Natalie Sawiell Brian Sexton Pat Shepherd John Willmott Philip Smith (appt. 27104125) Wendy Harrison (appt. 29104125) Gill Bunch {appt.28104125) Dilanee Bunter David Burrell (res.31108125) Jackie Burrell Alison Cross Nina Curley MLrtsa Ushewokunze Cathy Hinton lan Moore Legal Status Unincorporated Charity Governlng Instrument Deed of Union (1932) and Methodist Church Act {1976) Objects The purposes of the Methodist Church are and shall be deemed to have been Sin the date of union the advancement of - (a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church., (b) any charitable purpose for the time being of any Connexional, district. circuit, local or other organisation of the Methodist Church. (c) any charttable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church- (d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. Registered Address Fleet Methodist Church Reading Road South Fleet Hants GU52 7TF Primary Bankers Lloyds Bank Plc. 25 Gresham Street London EC2V 7HN Solicitor Bates Solicitors, 67 Fleet Road, Fleet, GU513PJ Independent Examiners Paul Newton, JCS Accountants Limited 5 Robin Hood Lane, Sutton. Surrey, SM12SW Page 1
FLEET METHODIST CHURCH TRUSTEES, ANNUAL REPORT Structure. governance, and management Trustee Selection Methods Trustees are appointed by the General Church Meeting of members of Fleet Methodist Church, the Hants- Surrey Border Circuit of the Methodist Church and the existing Trustees following the provisions of the goveming instruments of the Methodist Church. Trustee Inductionrrraining Trustees are regularly reminded about their responsibilities through circulation of material provided by the Methodist Church and the Charity Commission. New trustees are advised of their ponsibIlitieS on aptM)intment. Structure The Charity is part of Hants-SueY Borders Methodist Circuit, in the Methodist South East District. On 1st September 2025 the Hants Surrey Border Circuit took over the assets and liabilities of the 'Berks Surrey Borders Clrcult. , and remalns part of the Methodist South-East District: Accountsble to the Methodist Conference. Co-ordination and Go-operation with Christians Together in Fleet and Church Crookham. Wrthin the Church, one Action Team and Property and Finance Committees report to the Church Council thr¢¢ tim¢s a year. A separate Pre-school management committee reports to Church Council. Related Parties None of the Truetees ie employed by Flegt Mathodist Church or hag a commercial intèrést in its charitabl• operations. Risk management Proposed actions are discussed in advan by Church Council and delegated committees, and only implemented with their agreement. Professional advice is sought as required. Pro8$e8 and procedures are regularfy reviewed and updated by Church Couneil Safeguarding policies are implemented by the Church and Circuit Safeguarding OffirS, as prescribed by the Methodist Conference. Objectbves and activities As set OLrt in the Methodist Church Act 1976 (dause 4): Advancement of Religion and any charitable purpose of the Methodist Church or church organisation. Summary of the Maln Achlevements The provision of regular public acts of worship open to Ghurch members and non-members alike. The teaching of Christianty through sennons, courses and small groups. Pastoral work, including visiting those experienGing health, relationship and bereavement issues. The provision of clubs and activities with a Christian ethos, for all ages. Supporting other charities and Christian organisations in the UK and overseas, financially and with prayer. In arranging these activities. the Trustees have had regard to the guidance issued by the Charity Commission on public benefit. LoGal Methodist Churches, Circuits and Districts are not Gonstituted as extemal grant making bodies. However, grarrts and donations are made to support initiatives of the Socal Christians Together organisation, other Christian charities and in response to national and intemational emergency appeals. Pa9e 2
FLEET METHODIST CHURCH TRUSTEES, ANNUAL REPORT (continued) Summary of the Main Activities (continued) Bequest funds are invested with the Trustees for Methodist Church Purposes, as required by Standing Orders. Other reserves are deposited with the Central Finance Board of the Methodist Church. Most church activity is undertaken by lay volunteers. However, the church employs an Administrator as well as a Supervisor and professional staff to operate its Pre-school (in accordance wtth Ofsted requirements). The Presbyter (Minister) and the Children and Families WorkerlLay Pastoral Worker who serve church and community are paid staff of HantS-SUeY Border Circuit of the Methodist Church which is partly funded by contributions from this Ghurch. Summary of the Maln Achievements During the year, we provided a single Servi at 10:30 every Sunday with additional serVIS at Christian festivals and on other special occasions. We have also provided occasional evening services, usually per quarter, one offering Holy Communion and one gead around more contemporary music known as Worship with the Band. Fortnightiy on-llne servlces continued during the year which, again this year, were organised on circuit-wide basis to spread the workload across the GhurGhes and, more particularly, the individuals involved. These were primarily aimed at those who could not attend their church due to personal andlor health concerns. We continued to provide occasional mid-week services of holy communion for those unable to attend, or concemed about attending, Sunday services. We also provided extended communion at home to those unable to attend services at our church. We continued with the weekly Disciple bible study meetings. These werelare valued by those who participated. We continued to offer regular 'encounterf, house and other groups which have met on~line and fa to face when possible. In summer 2025, we again held 'tea and chat. sessions, on Thursday aftemoons, during the gap of the Wednesday Aftemoon Fellowship. The usual presentations to local schools on the Christian significance of Christmas and Easter, carried out in conjunction with a local charity (FACCTS), took place - bringing Christian messages to many who might not otherwise have heard them. Once again, there was an exlIent level of attendanGe (over 200 year 6 children) across the three Christmas 2024 presentations held at our church premises. For Easter 2025, we hosted three presentations with a similar level of attendance. We provided pastoral help and support to housebound church members, bereaved families and those experienoing other difficuRies. We continued to operate a successful Pre-school, which provides great opportunities for outreach and support to a significant number of young families in the Suound1ng community. Junior Church activtties for children and young people of all ages have been run in parallel with Sunday morning services. Ignite, our Sunday afternoon l evening fortnightly youth club, continues. We were also able to hold our 'Light Party, altemative to Halloween again. In the 2025 school summer holidays, we again operated a free (donations accepted) club for parents and other carers with their children on Wednesday momings each week. Across the six weeks. we welcomed many different families or other groupings (in eXsS of 150 children for the most popular week, plus parentslcarer5). The vast majorty of these people do not worship with us and so this part of our to the wider community. Our Boys, Brigade and Girls, Brigade companies continue to operate and are another example of our service to the community. 'Brick Builders. (an initiative starting in the previous period) Gontinued throu9h the year. This is a monthly Saturday afternoon activty for families with modelling in toy bricks, both free flow and inspired by a bible story. Other outreach activities included 'Hot Cho¢olate Mondays, for passing senior school pupils between early December and early February. Page 3
FLEET MEfHODIST CHURCH TRUSTEES, ANNUAL REPORT continued) Summary of the Main Achievements (continued) We participated in local communty events, including the annual 'Fleet Festivities, event, held in November and the distribution of Christmas angels in Fleet. Through the FMC Mission initiative, we provided opportunities for church members, and others, to support mission projects, with the objective of increasing awareness and providing a coordinated financial response. The FMC Mission beneficiary for the year was Fleet Phoenix, a local charity founded in 2011 as a response to youth services being Gut both locally and nationally. Financial review ststement of the Charity's Policy on Reserves Main Church 'cash' reserves Should be: £13,000, plus stx months nomial expenditure - excluding the circuit assessment, plus up to the amount of the circuit assessment payable in just under three months, time at the end of each Methodist Church quarter (30th November, 28th129th February. 31 st May and 31 st August) - after payment of the circuit assessmerrt for the coming quarter. (The lower end of the desired range is the sum of the first two items above. The upper end of the desired range is the sum ol all three itetns above.) This range assumes the Hants-surrey Border Circuit holds reserves of six months total normal expenditure. Wrthout that level of circuit reseNes, Fleet Methodist Church would need to increase tts reserves. Pre-school 'cash' reserves at thè start of each temi should be around one third of the annual staffing costs (within a range of 25Yo to 400A). Also, As far as possible, ensure that property costs (maintenance rather than improvement) are covered by income from lettings (this includes contribution from Pre-school). Promote an Annual Gift Day for specific initiatives of the church (realising a little over £20,000 for 2024125). Ensure that. as far as possible, special projects (Pre-school, Boys. Brigade. Girls. Brigade) are self-financing; provide support where necessary Ensure that Pre-school reserves are sufficient to cover planned or unexpected closure (including redundancy payments to stafft Set budgets for other church activitteslgroups. Ihrough the allotIOn of designated reserve funds Finance Committee meets at least three times a year to review the status of reserves and recommend remedial actions and adjustments to Church Council, as necessary. The general reseNes at the balance sheet date were £55,193 (2024'.£41,809). Sources of Funds Offerings and donations from members and those attending worship and other church activities Gift Day (realising just over £20,000 excluding Gfft Aid reclamation) Tax recovery (Gift Aid) Bequests (none this year) Interest from bank deposits Lettings of church premises to extemal organisations Local authority grants and fees paid by parents to cover the cost of operating the Pre-school Page 4
FLEEf METHODIST CHURCH TRUSTEES, ANNUAL REPORT (continued) Expenditure on Objectives During the year, £86,000 was paid to the Methodist Circuit to cover the cost of ministry; Financial donations amounting to £4,000 were made to local Christians Together initiatives £4,135 was raised for the Mission Charty for this year (Fleet Phoenix) Outreach and Youthlchildren activities generated an excess of income over expenditure of £878 in the year. This will be held in the levant funds for use in 2025126. Property Maintenan costs totalled £27,345 Administration and mIslIae0u$ costs totalled £15,070 Investrnent Policy Fleet Methodist Church has no long4em investrnents. Contingency Plans No building upgrade works were undertaken during this financial year, and no significant items of expenditure other than nomial 'day-t(Fday' costs were incurred. Stricter control on maintenance costs have been maintained. However, following the discovery of a small hole in the tsrma¢ of the rearcar park (July 2025) and a somewhat larger void beneath, Fleet Methodist Church has been consutting our insurers and seeking specialist advice. At the date of this report we understand that whilat it 18 Govered under the temis of our insurance, this is limited to £15,000 per claim. However, the insurers have agreed that some of the other cost can be claimed against the ttrack and trace, element of the policy. The total cost of repair could potentially be in the region of £40,000, and we Currently believe that the total liabilty on the Church will be in the region of £15,000. We have been made aware that, following the death of a long-standing Church member, a bequest has been made in her will. At the current time, we are unsure of the level of this bequest. Trustees. responslbllities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity during that period. In preparing these financial statements. the trustees are required to: select suitable accounting policies and then apply them consistently., ob5etve the methods and principles in the Charities SORP" make judgments and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008. and the provisions of the twst deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps to prevent and detect fraud and other irregularities. Approved by the trustees on 17th February 2026 and signed on their behalt by: Rev N Oborski Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FLEET METHODIST CHURCH I report to the charity trustees on my examination of the accounts of Fleet Methodist Churrj) (the charity) for the year ended 31 August 2025 set out on pages 7 to 17. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 (the Act,). I report in respect of my examination of the Trust's accounts as carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement sin the Ghaiity's gloss inGome exGeed¢d £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confityn that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examin8tion. l ttonfirm that no matters have come to my att&ntion in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Ad; or the accounts do not accord with those records" or the a¢¢ounts do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 other than any reqU1ment that the accounts give a Irue and fair view, which is not a Matter considered as part of an independent examination. I have no concems and have come across no other matters in connedion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Paul Non FCA JCS Accountants Limited 5 Robin Hood Lane Sutton Surrey SM12SW Date: 23/212026 Page 6
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FLEET METHODIST CHURCH BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Fixed assets Tangible fixed assets Fixed asset investments 329,720 824 330,544 332.080 789 332,869 Current assets Debtors Cash at bank and in hand 32,806 114770 147,576 6.786 102,260 Creditors: Amounts falling due within one year Net ¢urrent assets 136 947 Net aASOts 11 Funds Designated Restrtcted General (unrestricted & undesignated) 402,176 10,122 375,731 10,122 10 Total funds Approved by the trustees on 1 P February 2026 and signed on their behalf by.. Rev N Oborski Trustse Page 8
FLEET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES 1.1 Basis of Preparation The financial statements have been prepared in accordance with FRS 102 °The Financial Reporting standard applicable in the UK and Republic of Ireland., °Accounting and Reporting by Charities.: Statement of Recommended Practice applicable for charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2021), thè Charities Act 2011 and UK Generally Accepted AccDunting Practice. The financial statements are prepared under the historical cost convention. The financial statements are presented in sterling, rounded to the nearest pound. 1.2 Constitutlon The church is an unincorporated trust. with its principal address of Fleet Methodist Church, Reading Road Soijth. Fleet, Hants GU52 7TF and is a Public Benefit Entity as defined by FRS 102. 1.3 Assessment of Going Concern Preparation of the accounts is on a going Goncem basis. The trustees Considerthat there are no material uncertainties about the Charity's ability to continue as a going concem. 1.4 Income Recognition of Income This is included in the Statement of Financial Activities (SOFA) when.. the charity beGomes entitled to the resources., the trustees are virtually certain they will receive the resourrAs', and the monetary value Can be measured with sufficient reliability Incoma with Related Expenditure Where income has related expenditure (as with fundraising or contract income) the income and lated expenditure are reported gross in the SOFA. Grants and Donatlons Grants and Donations are only induded in the SOFA when the Charity has unconditional entitlement to the resources. Tax Reclaims on Donations and Gifts Income from tax reclaims is included in the SOFA at the same time as the gift to which they rèlate. ContraGtual In¢ome and Perfomiance Related Grants This is only included in the SOFA On the related goods or services has been delIVed. Gifts in KÉnd Gift5 in kind are a(xounted foi at a reasonable estiniate of their value to the Gharity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the Charity are included in the SOFA as income when reivable. Page 9
FLEET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued) ACCOUNTING POLICIES (continued) Donated Services and Facilities These are only included in income (with an equivalent amount in expenditure) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on this income is the estimated value to the charity of the service or faalty received. Volunteer Help The value of any voluntary help reiVed is not included in the a¢Unts but is described in the trustees, annual report. Investment Incomo This is included in the accounts when receivable. Investment Gains and Losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to mark8t value at the end of the year. 1.5 Expenditure and Liabilities Liability Recogniti'on Liabilities arè recognised as soon as there is a legal or constructive obliqation committinq the charity to pay out resources. Governance Costs Include costs of the preparation and examination of statutory accounts. the costs of the trustees, meetings and cost of any legal adVTr to trustees on govemance or constitutional matters. 1.6 Fixed Assets Tangible fixed assets for use by the charity. these are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, rf gifted, at the value to the ¢harity on receipt. Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a dUcIng balance over their estimated useful lives. The rates applied per annum are as follows.. General Equipment 33% Fixtures &. Ftttings 330/0 No depreciation is charged to freehold Land & Building as the Land & Buildings are maintained to such a standard that the estimated residual valua is not less than cost. 1.7 Investments Inveslments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees. best estimate of market value. 1.8 Funds Unrestricted funds are available for use at the discretion of the truste8s in furtherance of their charitable objectives. Restricted funds are subjectto specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Page 10
FLEET MEfHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued) ACCOUNTING POLICIES (continued) 1.9 Cash and cash equivalents Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of the opening of the deposit. 1.10 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably resutt in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount. 1.11 Financial instruments The charty only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic finanGial in5trutnerrts are initially reGtJgni5ed at tran5aGtion value and subsequently tneasured at their settlement value. 1.12 Pension Schemes The cost of providing pension beneffts undÈr money purchase schemes is charged to the Statement of Financial Adivities as Contributions are made. INCOME a) Donations and Legacies General Designated Restricted Funds Funds Funds Total 2025 Total 2024 Gffts and Donations Gift Days Gift Aid Tax Recovered Mission Projects 85.663 29 25,843 937 19.970 86,600 19,999 25,843 81,849 19,108 b) Charitable Activities General Designated Restrlcted Funds Funds Funds Total 2025 Total 2024 Activities & Events Pre-school Income Boys, Brigade Gids, Brigade 1,178 165.688 2.285 1,178 165.688 2,285 2,289 158.205 3,841 c) Other trading activities General Designated Funds Funds Restrtcted Funds Total 2025 Total 2024 Rental Income Fundraising Income 11.889 11.889 11.100 Page11
FLEET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued} INCOME (continued d) Investment Income General Designated Restrictsd Funds Funds Funds Total 2025 Total 2024 Interest Received e)Other Income General Designated Restricted Funds Funds Funds Totsl 2025 Total 2024 Sundry Income EXPENDITURE Charitable Activities General Designated Restricted Funds Funds Funds Total 2025 Total 2024 Activities & Everrts Administrative Expenses Boys, Brigade Circuit Assessment Depreciation Expenses Girls. Brigade Governance costs (see below) Grants & Donations Insuran Pre-school Costs Repairs & Maintenan Sundry Expenses utilty Costs 1,381 8,255 2,950 4,331 8,255 2,464 86,000 2,360 2,494 3,069 7,838 3,086 140,723 6,388 770 3,343 7,078 3,922 86,000 3,539 2,065 2,835 7,397 2.764 133,201 5,520 697 86,000 2,494 3,069 4,000 3,838 3.086 140,723 6.388 166 604 Governance Costs General Designated Restricted Funds Funds Funds Totsl 2025 Total 2024 Independent examination Accountancy fees 1,774 1.774 1,550 Page 12
FLEET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued) STAFF COSTS AND NUMBERS 2025 2024 Gross Wages and Salaries Employerfs National Insurano Costs Pension ContribLrtions 140,887 2,791 132,521 9,616 The average number of employees during the year was 8 (2024'.7). No employees reiVed emoluments in eXsS of £60,000. (2024.. none). A pension scheme is offered to eligible employees and employer contributions Yre paid during this financial year on behalf of 8 employees. TANGIBLE FIXED ASSETS Land and Buildings Fixtures & Fittings Genèral Equipment Total Cost or valuation At 1 September 2024 Addition5 for year Disposals At 31 August 2025 325.000 1,270 269,080 595,350 325 000 269 080 595 350 Accumulated depreciation At 1 September 2024 Charge for year At 31 August 2025 1,219 17 262,051 263,270 265 630 Net book value At 31 August 2025 At 31 August 2024 Page 13
FLEET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued) INVESTMENTS 2025 2024 TMCP Bequests A¢¢ount DEBTORS 2025 2024 Prepayments and accnjed income Income tax recoverable 21,500 CREDITORS 2025 2024 Independent examiners fee PAYE & NI Pension ContribLrtions due 3,024 6,341 2,835 4,632 Page 14
FLEET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 AUGUST 2025 DESIGNATED FUNDS Balance at 1 September Income Expenditure 2024 Balance at August 2025 Transfers Setvice & Caring - Main Fund Service & Caring- WAF Worship & Prayer- Main Youth and Children Outreach and Evangelism Property Management Projects- Boys, Brigade Projects- Girls. Brigades Projects- Pre-school AV Replacement Fund Bequests Fund Building & Equipment Fund FMC Mission Emergency Appeals Fund 937 (937) 56 56 1,151 380 276 27,345 1,151 356 890 288 12 14,121 767 1,636 49,821 1,220 824 329,720 3,125 7.400 {101) 203 (11,100) 1,047 1,390 35,948 1,228 789 332,080 2,837 2,285 2,537 165,696 2,494 140,723 38 2,360 4,689 4.977 Balance at 1 September Income Expenditure 2023 Balance at August 2024 Transfers SeNice & Caring - Main Fund servi & Caring - WAF Worship & Prayer- Main Youth and Children Outreach and Evangelism Property Management Projects- Boys, Brigade Projects- Girls, Brigades Projects - Pre-school AV Rep[arnent Fund Bequests Fund Building & Equipment Fund FMC Mission Emergèn¢y Appeals Fund 367 51 1.057 745 (679) 56 58 986 188 12,847 3,841 2,107 158,213 927 630 658 26,428 3.922 2,065 133,201 869 356 470 13,581 225 135 (7,000} 903 1,213 17,936 1,671 731 335,619 3,227 1,047 1,390 35,948 1,228 789 332,080 2,837 61 3,539 3,250 2,723 137 The Outreach Fund tracks the financial actrvities of the Outreach Vision Team. The Setvice and Caring Fund tracks the financial activities of the servi and Caring Vision Team. The fund includes a sutTrdivision for Wednesday Aftemoon Fellowship. The Youth and Children Fund tracks the financial activtties of thè Youth and Children Vision Team. The fund includes sudivISIOnS for various youth groups. The Property Management Fund tracks income and expendsiure relating to the management and Ma1rrtenan of the church property (buildings, equipment and grounds). Page 15
FLEET MEfHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued) DESIGNATED FUNDS (continued) The AV Replament Fund represents contingency funding set aside for replacement of the church's audioThvisual equipment. The Bequest Fund contains the procEeds of bequests received by the charity. The Buildings and Equipment Fund tracks the charity's assets, purchases and depreciation. The Mission Projects Fund ¢ontains funds collected for distribution to various 'mission' project8 nominated by Church Council. The policy is to nominate projects for a l¥e-Month period and to make disbursements once the fund reaches £1,000. This fund supersedes the fomer Partner Projects fund. The Emergency Appeals Fund has been created to deal with funds that are collected in connection with local, national or intomational emergencies, and which are r¢cogni8ed by Church CounGiI as being under its control. Preschool Income includes an Eaty Years Education (EYE) grant from the Hampshire County Council totalling £145.008 for the year ended 31st August. 2025 (2024.. £103.235). 10 RESTRICTED FUNDS 2025 Balance at 1 September Income Expenditure 2024 Balance at August 2025 Transfers Worship & Prayer- Choir Benevolen Fund Projects - Pre-school Parents 223 249 223 249 2024 Balance at 1 September Income Expenditure 2023 Balance at August 2024 Transfers Worship & Prayer- Choir Benevolen Fund Projects- Pre-school Parents 223 249 223 249 The Worship and Prayer Fund tracks the ad1viti of the Worship and Prayer Vision Team. The fund includes a subdivision for the Choir. At the end of the year, this part of the fund contains a mixture of restricted and designated funding. The Benevolence Fund is intended by Methodist Standing Orders to be applied Yor the relief of poverty and distress in the congregation and neighbourhood,. Page 16
FLEET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued) 11 ANALYSIS OF NEf ASSETS BETWEEN FUNDS 2025 unStrICted Funds Restricted Funds Total 2025 Fixed Assets Net Current Assets 330,544 126 825 330,544 136 947 2024 Unrostricted Funds Restricted Funds Total 2024 Fixed Assets Net Current Assets 332,869 332,869 10 122 12 PAYMENTS TO TRUSTEES AND OTHER RELATED PARTRANsAcTIONs There were no expenses reimbursed to trustees during the year and the trustees did not re4Ve any remuneration from the church. The church received a total of £22,445 (2024: £30,140) in donations from trustees during the year. Page 17