NOTTING HILL METHODIST CHURCH
REGISTERED CHARITY NllblBER 1127356
J*2.
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL
STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

NorriNG HILL METHODIST CHURCH
Trustees
Sonla Barne$
Wendy Chase
Stephen Duckworth (Deceased)
Revd. Paul Wood
Pauline Mulllngs
Esther Samuels
Gl8dwyn Samuels
Elaine Spence
Secretsry
Wendy Chase
Company number
1127356
Reglstered Offlce
240 LaF*aSter Road
London
WII 4AH
Audltors
Banks & Co. Ltd.
I Camegle knad
Newbury
Berkshlre RG14 SDJ
Colman Coyle LLP
80 Upper Straet
London Nl ONU
Bankers
CAF Bank Ltd
25 Klngs Hlll Avenue
Kings Hlll, Kent
ME19 4JQ
Central Flnance Board of the Methodist Churth
9 Bonhlll Street
London EC2A 4PE
Chartereé Surveyor5
Colllers Intematlonol
50 Georye Street
London WIU 7

NO￿ING HILL METHODIST CHURCH
TrUSTEEV ANNUAL REPORT
POR THE YEAR INDED 31 AuGiisf 2024
The TnJ51ees present thelr ￿port with the tlnand81 statements of the chadty for the year
ended 31 August 2024. The Trusteeg have adopted the provlsl¢ns of Accounting and
Reportlng by Charlues: Statement ol Rewmmended Prattice applicAble to charfti95
prepedng their accounts In accordan￿ wlth the Flnandal Reporting Stsndard app15obl¢ In
the UK and R¥ublic of Ireland (FRS 102) (EffeLtlve l January 2019)
Alms and organlsation
The calling of the Meth¢xlist Church Is to respond to the gospel of God's love In Christ and to
Ilve out Its disdpleshlp In worshlp and misslon. Notking Hlll Methodist Church prioritles
provide for:
a regularly worshlpplng eongregatlon,
fellowshlp of people learnlng and growlng In Chrf5tian faith
3. sharfng its resources {Includlng the buildlngl wlth people in the ndghbouthood.
4. challenglng Injustlce antj meetlng human n*d.
S. $peaklng of God s love ts the wlder world.
The year has seen the ¢hurch malntsln a steady state level of actjvltles and wa￿[P.
Thè refurblshed basement crjrtlnues to host the Kenslngton and ¢J7elsea foodbank and we
look forward to welcomlng bad( to 240 LaTUSter Road the 240 ProJX an arts based
community support group.
Bible studles resumed In the summer months but have not attalned thelr pre-pandemlc
The church was able to enjoy its annual summer barbecue and seaslde excursloft for the
flrst tlme slrt￿ the pandemlc.
The Church Eco-group continues to con*der how we ml9ht become a greener church
(bullthng and communlty).
Last year wlth the help of e grant from the Royal Borough of Kenslngton and Cholsea, the
thurch publlshed The Carlbbean Contrlbution
storfes from Nottlng Plill MethtsJl3t
Church., Indudlng mudj oral hjstory from church members cf the 1960s and 70s. we have
now successfsjlly published thls on our website

NorrzNG HILL METHODIST CHURCH
TrusteÈs Annual R•port {Contlnuod...)
For the year ended 31 August 2024
Flnance
Bas15 of accountspreparati¢
The finandal statements have been prepared under the Charities Act 2011 In accordance
with the 2014 versl¢n of A¢￿untIng and Reportlng by Charltles- statement af
Recommended Practice (SORP) applic4ble to chadtieg prepartng thelr accounts In
accordance wlth FR5102- the Charities SORP (FR51021.
Incomeand expendlture trends
Ineome Is wlmirtly drawn from lett£ngs Income frorn extemal usars of the churth, and
fmm lettings of Snvestment propertie5. This Is augmented by Sunday colle¢tlcn5 and glft
ald tax rellef from mémbers of the Church. Totsl unre*rtcted Income amtsuntsd to
£729,482 (2023 - £618,531).
Expendlture Is prtmarily related to church bulldlngs and the church's Investment propertles
Thé other major ongolng c05t 15 for staff and related expenditure, Includlng the annual
asse55ment pay8bl& to the Nottlng Hlll Circuitj whlch meets the Minlsterfs stlpend and
some other staff costs and Indudes repalrs to the manse. Costs contlnued t¢ arfse for the
managing and malntenano of church bulldings and investment propertles.
A grnnt of £120,QOO was made to the Denblgh Methodist Houslrwj Aqsocladon to enable it
to continue to make housing avallable to those in need at Social houslng rent levels (2023
£ioo,ooo).
Total unrestrlrted expendltJJre am¢)unted to £825,927 {2023 - £673,893)
Fund balances
The Church s ttet thrr•nt assets at the year-end amounted to £78,269 (2023 - £62,757).
After seitJng aside restrlcted reseNes unrestricted funds of £61.407 ￿maIn,
InvestsnentPollcy
Tre Investrnent of surplus funds Is operdted throuoh the Central FInan￿ Board (ITr8) 01
the Methfxllst ChU￿h. CF8 alms to provlde a hlghq• Investrnert servl¢e seeklng ab￿e
average retums for long term Invtstors, whllst ensuring that the securfties held by èll its
funL1s are In Ilne wlth the ethlcal poll¢y of the Methodlst Church. The Churth Currently ha5
Its funds In a deposit actount with CFB.
Reswvespollcy and plans for 2024/25
The Church's reserves pollcy tskes account of Its n&t current assets at the last Balance
Sheet date, thé budg*t for thp ¢urrent year 2024125 and signlficant known items of
property expenditure to be inturred in the near fiJture.
The agreed reserves pollcy Is to retaln from the unrestrlcted resources avallable under the
abov¢ ealculatlon the equlvjlent of thm months operating expendlture (appr0￿MatelY
£137,000) to fund planned athvlttes should nomal revenue earning be suspended.

NOThING HILL METHODIST CHURCH
Trustaes Annual Report (Contlnued...)
For the year ended 31 August 2024
Stru¢tur* ¢ov•rnance aftd Management
Legal framework
NottTng Hlll Methodlst Church Ss the sole church In the Nottlng Hlll Meth<Kllst arculL
The governlng dorJJmentforthe Churth Isthe Deed of Unlon (1932} and Methodlst Churth
Act (19761. Detalled govemance arTangements are outlln¢d withln the Constitutional
Practlce and Dlsclpline of the Methodist Churdi (CPD), by order of the annual MEthcdist
Church Conferen￿.
The purposes of the Methodlst Church are and shall be deemed ts have been sln¢È the
Dats of Union the edv¥ncement of:
The Chrfsuan falth In accordance wlth the doctrfnal stsndards and dlsdpllne of The
Methodlst Church:
Any charftsble purpose forthe tlme belng offany Connexlonal, Distrtrt, Clrcult, local
or rther organisatyon of The Methodlst Church:
Any cha￿table purpose forthe time belng of any soclety or instltutlon subsldlèry or
anclllary to The Methodist Church.
Any purpose for the tlme belng of any ¢harfty fjelng ? charfty subsldlary or andllary
to The Methtsdtst Church
Reference and admlnlstratlve detalls
Name of charity: Nothng Hlll Meth¢di5t Churn
Charlty reglstratlon number.. 1127356
Date of r¢gTstration: 31 December 2008
A Ilst of 5enlor lay employees Is bdow..
Ken Asledv - Faciliues Manager
Management
Day to day management of the churth Is undertaken by the Church Leadership team along
wlth the Mlnlster.
Supwtntendent Mlnlstar:
Revd Paul Wood
Senlor Church Stewar¢'.
Mrs. Esther Samuals
Treasurer:
Mrs. Elalne Spence acted as the prInCip￿ Officer over￿n9 th•
day to day finanaal management and a¢ctsuntlng for the Churth
durlng the year.
Govamanc8
The members of the Notting H411 Methodlst Church Couhcll are the Charlty Trvstees,
membership being made up of Q)urch and Clrcult office holders, the Mlnlster and up to
elght representatlves appolntsd by the Church at Its Annual Churth mee￿ng.
A range of guldance produced by the Methodlst Connexlon to supportthe effectTve runnlng

NOThING HILL NETHODIST CHURCH
Trustees Annual Report (Contlnuad...)
Fcr the year ended 31 August 2024
of the Church and the rol¢ of Trustee5 Is glven to the Church Trustees at varlous meetlngs
and trainiftg sesslong held thr¢ughout the year.
Public benefft
The trustees have due regard to the public benefit guldance publlshad by the
Chartty Commlssion in compllance with Its dJJt5e5 under sectoon 4 of the Charltles
Art 2011. Thls guldance sets out two key Frinoples:
Thè organlsatfion must have an idertofloble benefiL
The benefit must be to the publlc or a sectlon ol the publlc.
The Ctturch exlsrs to..
Increase awareness of God's presence and to ￿lebrate God's love;
hdp people to leam and grow as Christions, through mutual sUPPOrt and care. and
be a good neighbourto people In need and challenge injust1￿.
The trustee5 conslder that for these reason5 the tharity meÉts these publlc benefit
requlrements.
Relat￿ partlo5
The Church 15 the sole thurch In the Nottlng Hlll Circuit, whlch Is part of the London Dlstrict
and also accountsble to the methodist Conferénce. The Church controls the rnember5hlp
ol thÈ Denblgh Methodlst Housing Assoclation whith Is a tharitable houslng asSocIa￿On
reglstered under the Cooperatlve Commuftlty Benefit Societte5 Art 2014.
Rlsk managemert
The Tntsteès are responslble for Identifyirwj and mltygatlng the level of ridc faced by the
charltyi taklng professional advlct as requlred. An annual Téview process Is undertaken,
wlth documentstion of the strategy to be employed for rfsk mitigation.
Major rfsks wlll contlnue to accwe from the condiuon of the propertles of the church and
a qulnquennlal report by a quallflad surveyor was undertaken In 2020 to Inform the
Church's plans for malrtenance of its propertles, most of whlth Is rsQW ￿m￿lete.
Safeguardlng
The Methodlst Churth, along Mth the whole Chrfstlan communty, believes each person
has a value and dignlty whlth comes dirtrtly from God's creation In God's own image and
Ilkene55. Chrlstians see th1$ as fulfilled by God's re-¢reation of us ITh chrfst. Arnong
other thlngs. thls Implles a duty to value all people as bearing the Image of God and
therefore to proteL* them from harni.
NottSng Hlll Methodist Church Is committed to the safeguardlng and protection of all
hildren. young pÈople and adults and affirm5 that thÉ need5 of chlldren or of people when
they are vulnerable and at rlsk are paramount.
Nottlng Hill Methodlst Church reco9nises that It ha5 a partlcular care for all who are
vulnerable whether as a result of disabllltles or reductlon In ¢apadtles or by thelr
situatlon. It Is recognlsed that thls Sncreased vulnerablliLy may be tsmporary or permanent
an¢J may be vlsible or Invlslbl& but that It does not dlmlnish our hurrtanlty and our wish to

NOThING HILL METHODIST CHURCH
Trurtaes Annual Report (Contlnuod...)
For the year ended 31 August 2024
affimi the gifts and graces of all God's people.
The Church's polley addresse5 the safeguardlng of thlldren& young people ond vulnerable
adults. It is Tntended to be a dynamlc pollLY. It intended to support the Church In belng
Safe supportlv¢ ?nd cèrfng communlty for chlldrant yOLsng people, vulnerdblè adults, for
survlvors of abuse, for communJtles and for those affe(ted by abuse.
Chur¢h Coundl Members, Responslbllltles
The members of Church Coun¢ll are responslble far preparfng the annual report and
finand•l Statements in ?ccordan¢e with applicablo law and Unlted 5Qngdom
Generally Accepted Accountlng Prartlce. Leglslatlon requires the Coundl membets to
prepare fiaancial ststements for each finanaal year, whlth glve a true and falr vlew of the
Church's state of affalrs at the end of the year, and the result ftir the year then ended.
In preparlng these finanaal statements, the Coundl member5 are requlred to:
5elett suitsble accounting pollcies and then apply them on a con*st¢nt basls.
make judgements ènd estimates that a￿ pwdent and reasonable.
state whether appllcable accountlng standards have been followeij, subjertto ary
materfal departure dlsclosed and explalned In the finanoal gtstements
prepare accounts on a golng concem basis unless it is not approprlats to PTesume
that the thurch wlll continue in existence.
The Coundl members are responslble for keepln9 proper accounwng records. whlch
dlsclose wlth reasonable accuracy at any time the financlal posltion of thè Church. They
are also ￿FIOns[ble ftsr safeguardlng the 855ets of the Church and for taklng reasonable
stsps for the preven￿0￿ and detsttlon or rtaud and Other lrwularf￿es.
Reyd Paul Woc
Svperintendent Mlnlster and Chalrof Trustees

NOThING HXLL MEfHODIST CHURCH
Independent Audlt•r'$ Report to the Trustees of Nottlng Hill Methodlrt Churth
Oplnlon
We have audlted the flnanclal statements of Notbny Hill Methodist Church (the 'tharfty?
forthe yearended 31 August 2024 whlch comprise a statement offinanclal attlvlty, balancè
sheet and notes to the finandal ststements, Induding signlficant accourtTng pollcies. The
financial reportlng framework that has been applled In thelr prepara￿On Is applleable law
and Unlted Klngdom Accountlng standards, Indudlng Finandal Reportlng Standèrd 102 The
Finanual Reportlng Standard appllcable In the UK and Republlc of Irelantl (Unlted Klngdom
Generally A£￿ptsd Accountlng Practlce}.
In our oplnlon the finandal ststements..
give a true and fair vlew of the state of the chartty's affairs as at 31 August 2024, and
of Its incomlng wource5 and appllcatlon of resources, Including Its Income and
expenditure, ft*r the year then ended,
have been properfy prepared In accordar¢ce wlth Un5ted Kingdom Gewally Acoptsd
Arcountlng Practice. and
hBve been prepared In accordance wlth the requi￿rnents of the Charttles Arl 2011.
Basis for oplnlon
We condutted our audlt In accardance wlth Internatlonal Stsndards on Auditing (UK) (tSAs
(UK)) and applicable law. Our responslbllltles under those standards are fvrther de5¢rlbed
in the audltor responsibllitles for the audlt of the financial statsments sectlon of our report.
We are Independent of the charity In accordance wlth the eihlcal requirement5 that Ere
relevant to our audlt of the fln#ndal ststements In the UK, Includlng the FRC'S Ethlcal
Standard, and bye have fulftlled our other ethical responslbllltles In accordan￿ wlth thesa
requI￿rneDts. We believe that the audit evldence we h8ve obtalned Is suffldent and
appropriate to provide a basls ftsr our oplnlon.
Concluslon relatlng to golng concern
In audltlng the Tinanaal statsmerts. we have concluded that the tru5tees' use of the sging
concern b8sls of acctsuntiNJ in the Prepara￿On of the finandal ststement5 Is appropriate.
Based on the work we have performed, we have not léentlfied any matertal uncertalntl
relaung to events or conditions that, indivldually or collectively. may casi slgnSficant doubt
on the chariivs abllity to contlnue as a golng concern for a peréod of at least twelve months
frtsm when the financlal ststements are authorf5ed ft)r Isyje.
Our responslbllltses and the responsibllltles of the truste¢s wlth respect to golng concern
ra des¢Mbed in the relevant sections ¢)f this report.
Other Infornbatlo
The other Infr)m)atlon compr]ses the Informatlon induded In the trustees. annual report,
other than the flnandal ststements and our auditorfs report thereon, The trustees are
responslble for the s)ther Inforynatlon contalned wlthin the annual report. Our opinion on
the flnandal *atements dces not cover the other Informatlon and. except to the extent
otherwlse explicitly statsd In our rEporL we do not expre55 #rty fam of a55urance
concluslon the￿on.

NOTfiNG HILL METHODIST CHURCH
Indep•ndant Auditorfs Report ts the TNste•s of Nvtting Hlll Methodlst Church
Our responslbllity Is to read the other Infornation and, in dolng so, eonsld¥ whether the
other Infomiatlon Is materfally in¢on51stent wtth the finanoal statements or our knowledge
obtained in the eourse of tle audSt or otherwise appears to be matertally m15Statse. If we
identlfy such rnaterfal Inconslstencles or apparent m?terlal mrsstatements, we are requlred
to detérmlne whether thls glves rlse to a matsrlal mlsststement In the ffnanclal statsments
themselves. If. based on thè work we have perfomed, we conclude that the￿ Is a materlal
mlsststement of thls other Inforniatlon, we are reoulred to report that fatt.
We have nothing to report In thls regani.
Mattor4 on vknlch we am requtred tt> r•port by exceptlon
We have nothlfig to report in respett of the followlng matters In relatlon to whith the
Charitles (Accounts and Reports) Re9ulatlons 2008 require us to report t¢ you if, In our
oplnlon:
the Informatlon glven In the ftnanclal sktemants 15 Ineonslstert In any matsrfal
respect with the tsust* report; or
the charity has not kept adequate accountlng ftcord5; or
the finandal statements are not In agre¢ment wlth the accounttng records and retums.
or
we have not recetved all the Informatyon and explartaljons we requlre for our audtL
R•sponslbllltias of trustoes
As 8xplalned more fvlly In the trustees. responslbllltFes statement srt out on paue 6, the
trustses are responslble for the preparatlon of the flnandal statements and for belng
satlsfied that they glve a true and fair view, and for su¢h Int¥rnal ¢ontToI as thè trustees
detsrmlne is ne￿Sary to enable the preparauon of fSnanclal statements that are free frorn
materfal mlssydtementy whether due to fraud or error.
In p￿paring the finaftclal Statements, the trustees are responSIb￿ asse5$1ng the
thadty's ablllty to continue as a going concern, dlsdoslng, as appllcable, matters related
to golng concem and using the going Cpneern basls of accounting unless thè trustees elther
Intsnd to Ilquldate the charfty or to cease operatlons, or have no reallstlc altsmatfve but
to do so.
Audltor reSp¢M￿lbUlI1QS for the audlt of th• flnanilal statements
We have been appolnted as auclltor under settion 144 of the Charlttes Act 2011 and report
In 8ccordance wlth ￿gulatIOnS made under sectlon 154 of that ACL
Our obJethve5 ère ￿ obtsin reasonable assuran￿ about whether the flnandal Stateffl￿ts
as a whole are free from materfal mlsstatemenL whether due to ftFud or error, and to
Issue an audltoffs report that Indudes our opinlon. Reasonable assurance 15 a hlgh level of
assurdnce, but Is not a guarnntee that an audlt conducted In accor(Jance wlth 15As (UK)
wlll always detect a rnaterial mlsstatement when It exists. Misstatements can arlse from
fraud or error and are consldered material if, Indlvldually or In the a99regate, they ¢ould
reasonably be expected to Influence the economlc declsiDns tsf users takw on the basls of
these flnanoal statements.

No￿ING HILL METHODIST CIIURCH
deP￿dent Audltorfs Report to tha Trustees of Nottlng Hlll Mothodlst Church
Irregularides, Induding fraud, are instsnces of n0n-compl1èn￿ wlth law5 and ￿gulationS.
We deslgn procedures In Ilne wlth our re5ponslblllties, outllned èbovÈ, to detert materfal
mlsstatoments In re5pert of 1rregularf￿es, Includlng fraud. The extent to which our
procedures are capable of detectlng Ikregularities, Induding fraud Is detsilgj below:
Enqulry of Trustees and those charged wlth govemance around actyal and potsntlal
li￿gatIoN daims;
Enqulry of Trustees In compllanttfunrtions to Identlfy any Instances of non- compllance
wlth laws and regulatlon5'
Revlewlng flnandal statements dlsclosure and teGtln9 to supportlng documentation to
assess Compalan￿ vlith applicable laws and regulatlon5'
Perforniino audlt work over the ￿sk of managem•nt overrfde of controls, Includlng
te5tlng of joumal entrfes and other adJu5tynents for appropriatene55, evaluatlng the
rationale of slgnfficant transactlons outslde the nornal course of buslness and reviewlng
accountlng estlmates for blas.
Ècause of the Inherent Ilmltations of an audlt, there Is a rfsk that we wlll not detect all
irregulartyes, Induding those leadlng to a materE?I mlsstatement In the finandal stètsments
or non-eompllanca wlth rggulation. Thls risk Increases the more that compljance wlth a law
tsr rogulation ts ￿MOVed from the events and transactlons reflected In the flnandal
statements, as we wlll be less likely to be¢ome aware of Instances of non- comptlan￿. The
rlsk Is also greater r¢gardlng irregularitles ¢Jc¢urrlng due to fraud rather than error, asfraud
Involves Inten￿Onal concealment, forgery, collu51on, omisslon or ml$representsUon.
As part of an audit In accordance with ISAS (UK), we Èxerdse profossional judgment and
maintain pn)fessional sceptlcism throughout the audlt. We also:
Identlfy and assess the rfsks of materlal misstatement of the flnandal st*ements.
whether dueto fraud or err¢r, design and perfomi audit procedures responslve to those
rlsks, and obtain audlt evidence that Is sufflcient and appropriate to provlde a basls for
our oplnlon. The Msk of not detecting a material mlsstatement resulting frorn fraud Is
hlgher than for one resultlng fmm error, as fraud may inv¢lvo collusion, forgery*
Intentlonal omlsslon5, mlsrepresentatlons, or the oveThlde of Internal control.
Obtaln an understsntllng of Intemal control relevant to the audit In orderto deslgn audlt
procedures that are approprlats In the clrcumstanos, but not ror the purpose or
expresslng an ¢pinlon on the effectiveness of the ¢harfty'S Intemal cortrol.
Evaluate the appropriateness of accoundng pollcte5 used and the reasonableness of
accounting es16mate5 and related disclosure5 made by the tNstees.
Condude on the appropriatrness of the trustee5' use of the golng concern basis of
accounting and, based on the audlt eviden￿ obtalned, whether a materS81 uncertalnty
exlsts related to events or condlttgns that may cast signlficant doubt on the charitys
abllity to contjnue as a golng Con￿￿. tt we conclude that a material uncertainty exlsts.
we are requlred to draw attentlon In our auditorfs report to th4 related dlsc5osures In
the ftnanclal Statements or, If such dlsclosures are Inadeqtsata, to modlfy our oplnion,
Our concluslons are b05ed on thé èuditevldenee obtslned up to the date of our audltor's
report. However, future events orconditions may cause the chartty to cease to ¢ontlnue
as a gelng concem.
Evaluats the overdll presentauon, structure and content of the finandal Statements,
Indudlng the diS¢losu￿. and whether the financlal statements represent the
ncserlylng transacttons and t￿nts in 4 mann*r that achleves falr presentauon {1.
glves a true and tslr view).
We communlcate with those tharyed with govemance regardlng. among other matter5,
the planned scope and ￿rnIng of the audit and significant audit findlngs, IndudirrfJ any
slgnijlcant deffdencle5 in internal ¢ontrol that we identify dudn9 our audit.

NOTfING HILL METHODIST CHURCH
Independent AudltoV$ Report to the Trustw of Nf)tting Hlll Methodlst Church
Use of our report
This report Is made solely to the thartty's trusteos, as a bodyi In accordance with Part 4 of
the Charttles (Accounts and Reports) Regulatlons 2008. Our audlt work has been
undertaken so that we might state to the charity's trustees those matters we ère requI￿d
to state to them an auditor's report and fclr other purpose. To the fullest extent
pemitted by law, we do not èceept or assume responslbllitr to anyone other than the
chartty 2nd the chadty's trustees a5 a bodyi for our audlt work, for this report. or for the
opinions we have formed.
Banks & Co Lfmlted. Ststutory Auditor
Chartered Certifled Ac¢ountants
I Camegle Road
Newbury
Berkshire
RG14 5DJ
2025
Banks & Co Llmlted is ellglble for appolntment as ¢uditor of the d)arfty by vlrtue of Its
ellglbillty for èppolntment as audltDr of a company under 5ectEon 1212 of the Companles
Att 2006.

No￿ING HILL METHODIST CHURCH
statement of Financlal Act•vltles for the Yéar ended 31 August 2024
Not•$ General Fund
IUnie6trktedl
Dttlgnated Restrfrted
Funds
Totsl
In¢omo
Offerings
Donations
Gfft aid
Interest and Inv8Stmenl income
Inwmg fri>m inv8stment
properties
DhlHA rental income
her charltablg incoffle
8.513
2,570
1,600
3,819
8,513
2,570
3,819
328.500
158,346
228.134
328,500
158,346
226,184
Tot41 In¢ome
Expwdlluro
ClicU￿ a85essment or sh8re
Grants and donthns
Property mairtlenanc8
Insurance, uiilTbes ela
Dewodation
Ministy exptsnse3
Oiher expendlturo
75.533
144,100
312.888
.176
49.170
72,173
116,887
75,
148,532
312,888
55,176
49,170
72.173
116,887
213
4.219
Totsl ¢harltable expendlture
213
Mol Income l (èxpendllurn)
196,445)
1213)
14.2191
{10),8771
Transfers betr￿an funds
Net movemnt In fu￿
(97.9451
(2131
{2.719?
1100.87n
Total funds bmLyJhl forward
15,959 367
Total hjnds C￿led IcThvard
15.835,138
6.490
16.862
15,858,490
For dat￿18 of tsJmparatN8 I￿aure$ refer to nots 18
12

NOrnNG HILL METHODIST CHURCH
Balance Sh¢et as at 31 August 2024
Noltt fjMer41 D¢¥l4rMted R¢strkE￿ Tatd 20Z4 Total 2023
ds
Fuk
edlssetS
Church bUI￿rn%￿dother
property
Investrntht proyrtks
SAOZ440
10,545,CWJ
5302.440 5A51AIO
S.CQO iOySmD
T¢Jlal fv¢d¢ssets
Debtorn and pyepayrnents
Ceniral HnayKe goard D¢p95it9
Cash at 8ankarn4 In hand
TotalwtyentayEt$
52.481
73.SiKI
33,882
149
52,481
41,8a9
35¥797
50,178
449CI
16,862
47.234
6fv90 16 862 174215
Credltors (due In under Iv￿rI
Amounts duetollfroml Nottl
li
19J07
19.907
106.097
41.886
33.153
49,432
25,$28
18W7
Amouhtoueto DMHA
Total Hablll*s
33.153
Plet curr4ntassetsMabllttl•s
17
10.862
fi2.757
Total a$8•ts loss£urrotst
ISJfr2
16161 15P25,709 15
59367
tomrnerctaltEnonts deFQ5Tts
Totsl NetAssets
fi7219
15035.138
67.U9
14862 15A49J ISJ59,367
Funds ofth¢ qwr¢h
General Fund IUfirestrf¢tedl
De5T8nated Funds Iunrestrlctedl
T4t•l tlnrestrl¢t•d Funds
Re5¢rraed Funds
15,&35.138
15,835.138 15933,083
16,862
16,862
81
Total Funds
17
15.835,138
6,490
14862 JS $54490
The flnandal Statements were approved and authorised for Issu¢.
Chalr
Slgned
ts1.3.202S
Treasurer
Date:

NOrnNG HILL METHODIsf CHURCH
Cash flow statement for the year ended 31 August 2024
Notss
2014
2023
Statsmènt of ta*h flows
Cash from oy•ratlng actlvltles
Net cash used In Q￿r¥ting aCts￿itIeS
(571,906)
(533,655)
¢••h Ilows from Investlng •ctlvltl
Dfvtdends, Int•rest and rents frorn Investrn¢nts
490,665
497089
Net eash provlded by In¥4siing aciivltks
490￿65
497,089
LlJDnge ITr ￿$h cash eoul¥•l¢nt# In the reportlft
P•rf*xI
C#sh ond ¢35h equNalÉnts at the beginnlno of the reportin9
porlod
(81.2411
(36,566)
201,975
238,S41
Cash and ￿$h ¢qulvalents at the énd of th• Yaportlno
pqrlod
120,734
101,975
Notes t¢ c4sh flow statement fDrthe year ended 31 August ZQ24
2024
2023
Reeonclllatloo of net Income to cash flow from
operatlng •dlvl¥•s
Net In¢omÉ forthe reportlng pedod (as per st)tement of financlal
a¢tlvlties)
Adjustments fon
Dep￿clO￿on and amorttsatyon ¢harg¢s
DNldends. Intere¥t and rents frorn snvests7)ents
IlThcrease)/decrease In debt￿S
InuEas￿(d•créas¢) IA credlto
{10¢,8771
{42,763)
49,170
<490,665)
{10,642)
{18,892)
49,170
{497,089)
21,104
(64,077)
t4•t cash us•d In op¢r•llng artlvltlaB
(571,906)
{533.655}
2024
2023
Nrt• (b):
Anal￿1$ of tash and cub eqwlvalert
Cosh In hand
Short temi depts5￿ (* than 3 mi)nthsl
47,234
73,500
50,178
151,797
Totsl cash and ush equlvalents
120,734
201.975
14

NOTfING HILL METHODisf CHURCH
Note$ to the financlal statements
For the year ended 31 August 2024
l. A¢countirtg polld¢s
Basls for preparfng tho flnarbclal statements
These Ilnandal statsments have been prepared under the h15torfcal cost conventton wlth Itgns
recognised 4t tost or transattlon value Unl￿ otherwlse stated In the relevant eccounttng
pollcles below or In the notes to the flnana?I statements.
They have also been prepared In compllance wlth FRS J02, 'The Hnanclal Reportlftg Standard
appllcable In the UK and the Republlc of Ireland,, the Statement of Recommended prarti¢e
appllcable to charttles preparfng thelr accounts wlth the ￿nancIal Reportlng Standard 8pplicable
to the UK and the Republlcof Ireland (FR5102) (Charfties SORP (FPS102}) and the CharWes Art
2011.
The Truste85 conskler that ther8 are no Material uncertalnties about the enws ablllty to
ntinue as a going concem other than those noted below. There were no slgnlfieènt areas of
adjustment or key assumptions that effect Item5 In the accounts. Wlth respert to the next
reporting perlod, the most signlflcant areas of uncertsinty are the letting of the commerdal
propertles and collettlon of thelr rents, and an unsettled dalm for addl￿onal costs whlch the
ChLtrch dSsputes on a major work5 contract completed dufrng the year,
Fund$
b)
The funds held ￿n$thi￿..
general funds held f¢r any purpose of the Church whlch are unrestrlrted;
deslgnated funds which are also unrestrfcted but which are set aslde for parucular areas
of future expendItU￿ as detided by the trustees; and
regtrtrted hJnds whlch are subject to restrtcuons imposed by th¢ donor and can only be
used for speufic purpose&
In￿mIng resourc
Incomlng resources are induded In the Ststement of Finan¢lal Attivltles (SOFA) w*en the Church
becomes entitled to that Income, and the trustees are reasonably certaln they will r￿e1Ve the
resources, and the amount can be quan￿fied wlth reasonable accuracy.
d)
Re8our¢es ry8nded
Expendthre Is recogn%sed on an accruals basi5 when a Ilabllsty ts Incurred or a ¢onStru￿ve
obllgation arlses that results In the payment belng unavoldahle. Uabllltles are recognlsed as
sooft as an outfiow of ecorK)mlc benefit Is consldered more likely than ftot under the legal or
construttlve obligatlon commttung the Church to pay out resources.
Gr•nt¥
Grants made by the Church from Its own ￿ndS are reco9nlsed In fijll at the tlme of agreement
or when the Ctturch aceepts that there Is a legal or operdtlonal oblKgafj on to m4ke the
payment, When the grantls recurrent ¢ver more than one year the balan￿ payable In future
15

NOThING HILL METHODIST CHURCH
Notes to the flnan¢lal statements (Contlnued ...
For tho year anded 31 Augurt 2024
years is treated as a provlslon ft*r future commltments In the 8alance Sheet agalnst the
appropraate fund, the provlslort being released In future years as Instalments are pald In
accordance wlth the orfglnally agreed terms.
Taxatlon
Notknng Hlll Method1* Church Is recogn15ed as exempt fmm income and Corporatlon tsx on
income deriveo from Its thadtable artlvities beeause of Its eharitable strtus. Slnce the Chur¢h Is
not VAT ragisterd, all Input VAT borne Is charged wlth the expenses to whlch It refers.
g)
Debtors and credlto
Debtors and crartars with no stat& Interest rate and receivabla or pay?bl¢ ￿thin one yeèr are
recorded at tran￿rt10rfj prfce. Any losses arfslng on impalrment are r8cognised In expendlture
h)
Tanqlble fixed
The Land & Bulldings disdosed In the 8ccounts are leg4lly owned by The Trustees for MethTrJls1
Church Pvrposes In Its capacity as tNStee or custodlan Trustse.
Tho Church premlses at Lar¢caster Road and Ethellne Holder Hall and the pavlllon et Kelfield
G¥rdens have from the 2016117 a¢counUn9 year beén valuod based on their Insuran￿ valuatton
Sn 2017 with the intention that thls be the deemed value under FAS 102, The building element
of this fordepreclation purposes Is deemed to be 400/0 of the full valuei given the hlgh land costs
In Kenslngton and Chelsea.
i)
Investment propertles
Jnve51Ynent propertles are measured at falr value at eath reportlng date wlth changes in falr
value recogni56J In"Net galns/(Losses) on Investments"in the SOFA.
Commercial properties have been assessed based on a valuatloft In December 2023 by PLW
Morgan FRICS MCIArt> based on ￿￿tal ylelds of 7.501ts ?S they are held In perpetulty.
Residential rentsl propertlos are valued based on vacant possession values reduced by one thlrd
tt* reflortthelr tenanted ststLLq.
J)
Deprwlotlon
It Is the Churth's pollcy tts capltalise Sts non-bulldln9 ftxèd assets, Includlno vehldes, furnlture
and equlpment assets. with costs over É5.000 and to charge depreclatlon on these. All
bullding fixed assets are capltsllsed wlth Only the bulldlng element depreclated.
Depreclatlon Is ch?rye(l as follows on bulldlng and non-builOing fixed assets..
Bulldlngs (other than Investment propertles)
Organ
FLFmiture, equipment and vehkles
Computers and rr equipment
over 50 years
Over 10 Y￿rS
over 4 years
Over 3 years
16

NOThXNG HILL METHODrsr CHURCH
Notests the flnand81 stst¢ments (Contlnu•d ...
For tha yaar ended 31 Awjust 2024
k)
Impalrnient
Assets not measured at farr value are rev5ewed for any Indlcatlon of Impalrment at each
balance sheet date. If such IndlcatTon exlsts, the recoverable amount of the asset Is
estlmated and compared to the carrylng amount. Where the carrylng amount ex￿edS
Its recoverable amount, an impalrment loss Is recognls8d In Income and expendlture.
i)
Golng Concern
.The flnancial statements have béen prepared on a golng con￿r￿ basls as the trustees
belleve that no material un¢ertalntles exlst. The trustees have con51dered the level
of funds held ènd the experted level of Income and expenditure for 12 months from
authortslng thesÈ fln8n¢ial statements. The budgeted Income and expéndlture Is
suffiuent wlth the level of reserves for the charlty to be able to contlnue as a golng
concern.
I Income from Investment Pr¢pertle
The income from lettings of £328,51￿ (2023- £355,142) comes from the lettlng of five retsil premlses.
3. Income fvom DMHA rantall
The Church and Clrcult lease thelr resldential propertles to Denblgh Methodlst Hougng
Assodation (DMHA) to manage, wSth the expectstlon that for most of the propertles soc5al
hou51ng ￿nt levels wlll be charged. The Church and Grcult a￿ roqulred to charge a market
rental underthe 7-year lease to DMHA. The rentrl Is based on the m?rketrents of the propertles
establlshed In 2018. less an allowance for all the Costs of management and maintenance other
than major works, adjusted for subsequent Infk3tlon.
4. Oth•r Ch?rltabh Incom•
Thls Incomè of £226,134 (2023 - £103,328) cornes prkncipally from the lettlng of Spa￿ In thurch
propertl&s and from the dllapidation settlement for 241 Westboume Grove (Medlcal Centre}.
. CIr￿lt assessment or
The charge of £75,533 (2023 - £83,532) Is bome by the Churth for mlnlsty ènd manse experw.
6. Grants •nd donations
The grnnts and (h)nitlon$ made from unrestrftted fijnds went tc charities under the followJn9
h￿dIng$.
2014
2023
DMHA forchar8ln8 soclal houslrg rents
Local organisations
Methodlst Churches and or8antsatlons
erseas Grants
Total Expenditure
20XQO
ii.lc
17.000
140AO&
17

NorriNG HILL METHODIST CHURCH
Notes to the flnanelal statements (céntlm*d ...
For tho ended 31 August 2024
The grant to Denblgh Methodlst Houslng Assoclatyon (DMHA) Is to Isslst the assoaatlon to
conts.nue to charge soclal houslng rents rather than market rents to most of Its tenants,
7. prO￿rtY malntenan¢•
Followlng the qulnquennlal survey undertaken In 2020 slgnlflcant works are taklng place over
all the Church's properties. ExpendItU￿ on TnaJor wor*5 was £192,218 (2023 - £85.794)
8. Salarl•s, NIC and P¥n#lon ¢osts
Mlnistry expenses and Other expendlture Include relevant stsff ern￿OYmefit costs.
The Church Qperètes a payroll and recharyes the relevant costs to thè Notting Hlll Methodlst Clrojtt and
Denblgh Methodlst Houslng Assoiation.
The average number of staff employed by the Church d￿rtng the year were 2.6 (fvll time
equlvalents) (2023 2.6)
The ChuKh provides and admlnisters a money purchase pension arrangement for all 5tsff wlth
TF[ Red￿rnent Stlutions. Durfng the year trtal employer's and employEes' penslon
conth'butl(>ns before re¢har¥Je totalled £12,839 (2023 - £13,518),
No employee5 afft pald In excess of £60,000.
20Z4
2023
Gross Sts"pends, salarlesond benelits In klnd
Employer's Natlonal Insuran¢e
Employe¢5 pénslon costs
59.205
6.036
3,S52
68,793
$4.927
5?31
65.429
9. T•nglble Plx•d ASS•t•
9.1 Property tlxed •M•ts forth• Churth'• own u
The church In Lancaster Road was bullt In the latr 19th Century and has been In ¢onYnuou$ use
by the Metho(Jists slnts then, In 1994 work on a major refurbishment scheme Included redudng
the slze of the church interlor and creating andllary offlces. The works were completed In 1997
at a cost of £1,070,000. funded prtndpally from the sale of pro￿ed5 of the church in Denbigh
Road.
Etheline Holder Hall, a communlty hall bullt on a rntalned part of the Denblgh Road site, opened
In 1992, at a cost of £215,000.
These church properknes are Insured for £7,717.102. Kelfleld Garden Is a prfvate open space
th
wlth pavilion glfted to the Church In the e#rty 20 centLrry. The pavlllon Is inSU￿d for £320,000.
18

NorrING HILL MEfHODIST CHURCH
Notes to the flnanclal ststernents (Contsnued .
For the year ended 31 August 2024
9.2 Praperty tlx•d agwts for Inv￿rnent
The freehold and leasehold of the Denblgh Estate were acqulred by the Church In the 1890s.
The estate is Insured for £7,838,362. The value of the five shops induded In the estate has
been a5ses5ed based on a professloMI valuatlon In December 2023 L￿Ing a rental Iield of
7.5Ya. and the values have been confirmed by tEcent lease settlements on the estate.
Resldentlal properties have been valued by the Trustees an the basis of profegslonal 8dvlce
and the TrustÉes re¥lew of the market based upon current market ylelds.
9.3 D•pr•clatlon
Depredation Is charged on bulldtng and non-bulldlng fixed assets at the ratss shown LEnder
Church Aceountlng Pollcles above.
Churth loon-
Investment
lènd and
buldiwl
Otherln¢xi-
lavestrnent
land and
bLdlthn
Other
ed
Fixtures,
tTttlwand
equipmwrt
lrtvestment
propertles
Ihnd aAd
bulldlwl
Includin8
nKJtor
vehlcle5
Totsl
Cost pr valuation
&alance brou8ht
fo¥ward
Additlons
Revaluations
Disposa
5,567MO
98.000
91973
38,500
10545.QDJ
16,340A73
aalano ¢arrfed
forward
5,567.ryx¢
98.000
91.973
io
38,50D ￿5 ofm) 16340,473
Accumulated depr•£iation
Balance brought
forwafd
Charge forth•year
DL%posaL%
311.780
44.540
91.973
34,650
3,850
4￿,863
49,170
ance tarried
forward
356,320
6.240
91973
38,500
493,033
N•t eook ¥41u¢
Brou8ht forward
5.255,220
9Z,540
10.545,000
15.896fi10
Carrted foTward
S,210,680
gL760
10.545.000
15.847A40

NOThING HILL METHODIST CHURCH
Nots$ to the flnanclal statements (Contlnued ...
Fgrthe year ende(131 Augusi 2024
io.
2024
2023
Rent In arreors
Other debtors and prepayments
1,325
51,156
5L481
20A62
21377
41,839
ii.
Credltors
2D24
2023
RÈftt in ￿Van
other credltor5 and 3¢cruals
.125
8,782
19,907
4￿75
101,221
106.096
12.
Fa¢$ for audltot thE a¢coutyts
The audtttee forthe CLSrrent year Is èntldplted as £6,600 {2023- £5,OOQ)
Restrlrted Funds
Durlng 2023124 no restr1cted funds wer* reC￿VE￿ In dortatlolls to the Bènevolent AMO, the Youth
PrnJect5 Fund ond to the Foodbank Fund. At the end ¢tt the year. the balan￿ on rethcted fvnés were
É16,862{see note 181.
14.
Related prty traJssKtlons
Durlr& the year five Tyustees were relmbursed 8 total 01 É1,728 {2023- E851 by th¢ Notttng Hlll Methodlst
Church In r*spert of expen￿ IA¢uiTed In the day to day operabolls of the charlty.
On• other TNsteè was rélmbursed a tatal of É5,949 (2023 - £3,640) by the rharfty behall ol both the
Nrt#ng Frill Methodist Churth and Clrcult.
One trystee had a relatsd Interest d￿ng the year as a tenant 4f Denblgh Methodfst Hou51ng Assodatlon
I￿1r4 In a Nottlng Hlll Methodlst Chutth property.
One trustee took a l*Mrt of £l,IOD.
20

NorriNG HILL METHODIST CHURCH
Notes to the financial statements (Contlnued ...)
For the year ended 31 August 2024
15.
Commltment und•r operatlng leases
At 31 August 2024 the Church had annual commltments under non-cancellable operat7￿ leosesas fDIIJws;
2023
Explry date: 31 De￿rnber 2024
WthThoF¥a yar
Between two and flve yeaws
490
1,180
490
16.
Capit•4 ￿MMItments and ¢onlln9•nt Ilabllltl•s
16.1 Capltsl commltmonts
The Trustees have allocated £150,000 to be spent on refurblshment In the current year. Contracts
have not been placed for the work, (2023 - £13,750).
16.2 ContlDgent IlablllLy
There were no c¢ntlngent Ilabllities In ftnancial year 2023-24.
21

NOThING HILL MEfHODIST CHURCH
Notes to the flnan£l•l stutements (C¢ntlnued ...)
F¢r the year tndéd 31 August 2024
17.
Mov4m•nts on M&trv•$
General
Oestgnated R¢strStted Total
Open1￿ balance as at I Septembér
2023
15,933,083
729,482
(825,927)
11,5001
6,703
19,581 15,959,367
729,482
14,219) {83U,359}
1,500
Incame
24pénsts
Tr4nsfer5
1213)
aoslftg balance as It 31 Aug[￿¢ 2024
15 83S 138
16 862 15 858
Openlnq
balan¢e
Uoslnq
ba14nce
Incorne
Expenses Ttransfev
Benevolent Furtd
Food Bank
Caribbean Herltsoe
Transport F￿d
Trainr4 & Educatltsnal fund
Youth 1rt5vlties & Projerts Fund
clo￿ng balanc4 *4 at 31 August 2024
527
2,782
1,272
6,1S6
547
15,OLIO
26,284
(1651
12.7821
IL,2721
(2131
1.500
1.862
5.943
547
15,000
23,352
14.433}
1,500
Prlor year
General
pwlgnat•d Restrlct*d
Operdng bala￿¢ as at I September
2022
Incorne
17.760,501
618,531
1673,8931
110,OS6)
{1,762,OOD)
S47
3.082 17.764,130
17.263
635,794
(4,664) (678,557)
3.900
Expens¢5
Transf*r5
Net yalns/{losseslon Investrnents
fj,156
{1,762,000)
a¢￿ng balonce as at 31 Augusi 2023
15,933,083
6,703
19,581 15,959,367

Nottts to the flnan¢i31 statements (Contlnued...
Fot tho year end¢d 31 Augllst 2024
18. Ststem•nt of Flnan¢l•i Actlvllles (SOFA) fortha yeJr*nded 31 Auyust 2023
General Pund
(Unreslrlct•dJ
Doslvnated
Funds
Total
In¢om•
Offerln95
Donattorns
Glft ald
Int•r*5t and Inv•stn7ent Income
Income frorn Investment
kyopertles
DMHA rent￿ Incom•
¢)therchaMtsble Income
9￿2fj
3,739
9,526
21,002
4.848
5,351
355.142
136.596
103,328
17,263
5.351
355,142
136,S96
103,328
Total Income
618,$31
17,263
635.794
Expemdlture
arcult assessmert or shar*
Grants •nd donatlons
Property m￿ntenan
JftsuNnce, utSlldes et¢,
Oepreclat(on
Mlt)Istry expenses
Other exp¢nditure
83,532
140,300
179.546
50,888
49,170
70,808
99,649
83.532
144,964
178,346
50.888
49.170
70,808
99,649
4.664
Total tharllable expendltyJr•
673,893
4,664
678,S57
Nèt Income / (•xp•ndltsre)
(55,3621
12,599
(41763)
(10.056)
6,156
3,900
Net galns/[105s¢5) on
Investmerts
{1,762.000)
Net m¢)vemÈnt In fiJnds
£1,827,418)
6,156
16.499
11,804.763)
Toki funds brought forward
17,760.5tJL
547
3,082
17.764,130
Total fvnds carrfed foManl
15.933,083
6.703
19,581
15,959,367