Charity regl$tratlon number 1127546 TRINITY METHODIST CHURCH WOKING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
TRINITY METHODIST CHURCH WOKING LEGAL AND ADMINISTRATIVE INFORMATION Tw8tees John Nelson Joyce Nelson Susan Waddell Ajlison Jackson David Broadley Jean Normington David L8nder Sue Waddington Hugh Bowerman Carole Hymers David Emmerson lan Mclntosh Samantha Cudby Andrea Meal Samantha Funnell Denzil M8tsaiJdza P8uI Glass Jenny Jaekson RLsth Taylor Graham Warr Helen Bowemian (Appointed 28 April 20241 Charlty number 1127546 PrlncSpal address Trinity Methodist Church Brèwery Road Wong Surrèy GU214LH Independent ex•mln•r Fr8nces Wildtr FCCA DChA Wamer Wilde Chartered Certified Accountants 4 Marigdd Drfve Bisley Surrey GU24 9sF
TRINITY METHODIST CHURCH WOKING CONTENTS P¥gv Twstg&s' rewrt Indtrpendent examinerfs report Statgm8nl of flnancial activities Balance sheet Notes to the financial statements 10-19
TRINITY METHODIST CHURCH WOKING TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Irustees presents its annual report and fjnancial stslèments for the year ended 31 August 2024. The financ4al ststements have been prepared in accordance wth the accounting polcAes set out in note 1 to the flnanual statements and comply with the tharitys Igoveming documentl. the Charities Act 2011 and 'Accounting and Reporting by Charits"es.- Statèment of Recommended Practice applicable lo chaNties preparing their accounts in accordan¢e wth the Finanaal Reporting Standard appIlbE0 in th6 UK and R&pyblic of Ireland {FRS 1021. leffective 1 January 2019). Oble¢tlv8s and a¢tlvltles Poll¢ and obl?ctlves The over4ding mlssional stotement uf the church is that Trinity 1$ a w•lcomlng Church se¢klng to IIv8 In the love of God and share the message of Jesus Christ Thè Trustees arè thèr81oTe committed to Serving our own congregation and people in the local community. through relationships with our people and usage of our building anLI th8 Bctlvi118s lakSng place In il every d8y. We believe that th8 facilities we arÈ 8blé to offer for SOCAal or support activities and the range of worship opportunities wo promde. ar8 for thè bènefit of the general public as much as for our own mèmbership. In setung objedves and planning for activities. the Trustees have given duts conslderation to gen8ral guldènc8 published by the Charity Commission relating lo public benefft, including the guidance 'Publi¢ benefit: running charity {PB21'. The Trustees have adopted the Poliae3 of The M8thodisl Church in BrilaSn rA)verfng.' Safeguarding Every person has a valu& and dignity which comes directty from the Creation of humans in God's own imaglned likenes5. Christians see this potential as fulfillèd by God'$ iecreation of us in Christ. Among other things, this implios a duty to vakne all people as bearing the irnage of God and therefore lo protect them from hami. Officers and Volunteers all undertake Safeguarding tr81ning and hold the appropriate DBS cerbfi¢ation. Data Prot8Ctlon The Church hold$ 8 varfety of personal dats relatSng to members, employees and others. That data 1$ held securety IM # password iirotected database and Is managed in line with the requirements of the General Data Protertlon Regulations IGDPRI that Came Into force in May 2018. Equallty. Dlverslty and Ineluslvlty Trinity Methodist Church is fully committed lo the promotion of 8qu811ty of opportunity, valulng and embracing diversity and ensurin9 a holistic and inclusive approach in all fields of activity. The Church adheres lo The Equality Act 2010 which recognises the following specific protected characteristics. gender, gender reassignment, race, disabifity. agg, religion or bellef. sexual orientation, marriage & ciwl partnership and pregnancy & rnaternity. Equality, diversity and indusion is central lo the mission of the Methodist Chur¢h. Mandatory EDI tralnlng wos rolled out to all office holders and volunteers in 2023.
TRINITY METHODIST CHURCH WOKING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Perfomiance against those Pollclès Is monitored dosèly by ourAdminislratOT and LeaderBhip Team. Strategle5 for achlevlng objectlves Every week we offer a range of worship opportunities. open to our own members but 8180 to the genèral public. both in the building 8nd bro8dc8st on4ine. We advertSs9 the varlous rooms in the building for regular hire OT one-off bookings. We have a commerual tarrff for commercial clionts but a discountèd charity rate for the many community groups using the rooms. We ensure th81 the building is dean and warm and that each group is comfortable in the space they have booked 8nd h8ve any equipment they requested. The range of activities thBt we support includes.. Full range of uniformed youth organisations Leaming and soual actiwb.es for ¢hil(trgll and young people Adult recreational and developmental actiwties R8spile and fitness activities Concert and rehearsal venue for loeAI choirs and musi¢81 groups Our detemin8tlon Is to gNe all visitors a friendly welcome. Publffjc banefit The trustees has pald due regard to guidance issued by the Charity Cornmission in deuding what actsvitie8 the charity should undÈrtak8. Actlvities undertaken to achleve oblectlv8s Each Sund8y moming, worship in English. This 58Mce is live-streamed to a wide audience. Each Sunday aftemoon, worship in Cantonese. This caters for an increasing number of British National lknrseas passport hokl8rs from Hong Kong seektng Christian worship. Each Friday evening, Messy Fun Church cgtering for youngsters and their families. some of whom are from lower income housèhofds, wth Inadèquate living condillons. Junior Church Iweekty for younger children) and Bible InvestwJators IFortnighUy for older childrenlteenageTS). Every other Sunday evenlng. Foundry Worship. This is a more contemporary time of worship with time for w8yer. private reflection and eonversation. We have Seen growth in all of these events over the past year and are confident that the growth wlll continue. In addition tts house gr(AJps, whi¢h meet in p8rson or virtually on a r8gul8r b85is. in 2022-2023 we launthed a W8ymakers group, 8 srnall group meeting regularly, in person, to discuss live faith, philosophical, or social issues in a supportive and $8fe environment. Gro Is suth that we may soon n¢¢d tts be stsrtlng 8 second group. During the year, we ran The Bible Soaety bible study course, for church members and adherents attend Foundry Worship. We run al least onllne Ztxjm prayer serfes each year. during Advent and Lent. These are adverlsed wldely to the thurch community. including Prernises users, Wey Valley Methodist Circuit, and on social m8dia. At other tlmes during each week, the building 16 busy wth a de r8nge of 8ctlvllie8 including Coffee 8nd Chat groups. activities for children and young people as well as for the more mature. There are regularfy more than 900 people passing through the building 8very week. who enjoy the dry, wami and saf8 sp3ce. This gives some of our sl8ff and volunt8ers the opportunity to greet visitors offering 'Extravagant Christian Hospitality, with a smile or simpty 8 cup of coffee, rather than it feeling like an anonymous building. The building is a judgment free zone.
TRINITY METHODIST CHURCH WOKING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2024 Maln activities undertakon to further the Church's purposes for the publlc benefft. In addition to letting the premlses to community groups for physical fitness, music, and crafting aCtIe$, 8nd providing a base for young people's uniformed groups, we have this year offerÈd. Inlllally emergency, and now ongoing accommod8tion to three Chgrities". Catalyst (funded by ComThunity Connections Surreyl, Shifa Nthork (funded through Calalysll. and Way Through Ifunded by local and centr81 Govl- Catatyst deliver tsvo drop in sessions a week to adults with mèntal ill health, in our small hall. Prowding them support worker led adivitses and space lo sately socialise. Shrfa Nètwork offer w811bÈlng support to ethnically dlver58 wornen across Surrey, and have office accommodatlon on site, as well as twice weekly delivery of Drop In and Advice sessions. ESOL dasses, and woekly delivery of yoga and bodyfit, and a Listening Setvice. A small group for ygung women, predominantty frorn the South Asian Community, also meet on site lem? lime. staffed by the Shifa Counsellor. Way Through Ifomerly Richmond Fellowshlp and Human Kindl deliver two full days a week of 121 job Coaching for adutis with ill m8ntal health. from one of our meeting rooms. All three of these ch?rities operate in the areas of social isolation 8nd m¢ntsl health. two of wr prlorfty misslon support areas. We work in partnership with halow, a charity for yoijng 8u8 with addltlonal learning needs (funded by Surrey County Council). who have office accommodation on site, and who deliver classroom and work based programrnes from Trinty. across 3113 year grpS running in Woking. Thls actiwty is in the area of our third mission priority, supporting yOLrth. The young adult we h8d previously been sUPPOrting through Surrey Choices, has now moved onto ihe next ph88e of her programme. and has secured work experience one moming a week wth 8 TDddleT Group njn St Trinity. We continue to support local democracy by acting as a polling station for local and naonl elections. We are the home of a nurnber of local choirs that rehearse regularly in the building and often present concerts that are open to the general public. The range and qualty of building and farAlities has attract6d many new18ttings. Whilst we ad(nowledge that there Is 8 commeraal aspect to these relationships, they also provlde great opportunitiés to offèr Chrlslan Hospltslty to many people. old and young, and serve the local communlty in Woking. A¢hl6¥ements and perfornianc• of thè Chureh We are pleased that in the face of the nationwtde decline in Christianity, we have seen steady growth in all styles of worship that we offer. This is down to a detemiination to make any wsitors feel wetcomé. valued and saf8. The marketing of the premises hlre has been successfijl and wa have more bwklngs than ever before. This means that we have a wder and larger range of people to wtness to but of oaurse. helpfully. our income from thSs source has intY@3sed.
TRINITY METHODIST CHURCH WOKING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Flnanclal rèview Financlal P8rformance Th¢ Trustees are pleased to reDOrt a virt_ual breakeven in the movement of Unrestricted Funds erIcit £1,402) on a turnover in exGe5$ Qf £250K. The members have again confirmed th81T commitment to our enterprise as Offerings, Donations plus Gift lknd claimed remained high 1£145,4641. During the year, wé have seen significant increases in nJnning costs such as power and utilities and Direct C051s tncreased lo £253.9421£227,298). HOWer, with total Unrestricted Funds of £196,189 we can confidently plan our 8dvStles for the next 2 years. Golng Concern After making approprfate enquiries. the Trustees have a reasonable expectation that the Church has odequate resources to continue in operatK)nal existence fDr the foreseeable future. For this r8ason. they condnue to adopt the going concern basis in preparing the financial statements. Further details r8gaTding the adoption of the going concem basis can be found In the accounting policies. R•s•Nos Pollcy The Reserves Pollcy for the Church is to hold a minimum sum calculated to meet any unforeseen item of essential expenditure Dn the church bulldlng and to continue funding planned activiiiès In tre event of any unforeseen ability to raise its regular incorne. Structure. goveman¢• 8nd management Constitutlon Trinity Methodist Churth is a registered chaThty, number 1127546. and is constitijled under a Trust Deed. The members of thè trustèÈ$ who served during the year and up to th¢ dal6 of Signature of the flnancial statements w•r&'. Jtshn Nelson Joyce Nelson Susan Waddell Alllson Jackson Dad Broadley Jeen Norrninglon Dawd Lander Sue Waddington Hugh Bowemian Carole Hymers DO EmmeTson lan Mclnt05h Samantha Cudby Andrea Meal S8mantha Funnell Denal Matsaudza Paul G18SS J¢nny Jgckson Ruth Taylor Graham Warr Helen Bowèrman (Appointed 28 April 2024)
TRINITY METHODIST CHURCH WOKING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Mothods of appolntment or èlèctlon of Trust••s The management of the Church 18 the responsibility of the Trustees who 8re elected and COwOPted under the tems ofthe Trust Deed. 0ry8nlsatlonal Structure In The Methodist Church of Great Britsin, all thurches are groupèd together for mutual support Circuts and Circuits are groupèd within a District and the Cornbined Districts form the full Mtsthodist Cont)8xion. Trinity is part of the Wey Valley Circult which comprises 13 thurche8. Th8t Circult IS P8rt of South East Distrfct. The Managing Trustees govem the Church through the Church Councl. Our Minister, crntlY Rev Sam Funnell is Chair of the Church Coundl whlch deleg8ts$ the day to day running of the Church to the Le8dErshlp Team, of vc4uttsry Stewards appointed annually by the General Church Membership. Most wsts within the structure are voluntsry but w£ do CUant havè a small tearn ol ernployed volunteers leading our Pastoral and Youth wo. We also employ a full tSme Ghurch Man8gerlAdministralor who 15 SUPPOrted by a paid part lirne assistant. Many volunteers are involved each day In supporbng this Team and helping the Church wth its mission to bring rnor8 people to know the name of Jesus. The Drt was approved by the Trustees. Trusteè
TRINITY METHODIST CHURCH WOKING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRINITY METHODIST CHURCH WOKING I report to the trustees on my examination of the financial stalÈments of Trinity Melhodlst Church Woklng (the Gharityl for tha year ended 31 August 2024. Responsibilltlfrs and bas15 of report A8 the trustees of the charity you are respon$lble ft>r the PTepar8tion of the fin8naal ststements in accordance with the requlremenls of the Charities Act 2011 (the 2011 Actl. I report in r8sp8Ct of my 8X8min8tion of the ch8ri1ls financial statements caTri8d out under section 145 of the 2011 Act. In Earrying out my examination I have followed all th¢ 8pplioable Dlrectlons given by the Chety Commlsslon und8r 3ection 14515llbl of the 2011 Act. Independent examiner's statement Since the charity's gross income 8xc8èdèd £250,000 your examiner must bÈ a member of a body listed in section 145 of the 2011 Act. I confim th81 l am qualified lo undertake the examination because l am a member of the Asso¢iatSon of Chartered Gertified Accountants. which Is one of the listed bodies. Your attention is drawn to the fact that the charity has pr8par8d financial statements in accordance with Accounting and Reporting by Charities preparing ttlelr accounts In accordance wlth the Financial Reporting Standard applcable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reportlng by Charities.. StAtement of Recommended Praetlea Issued on 1 April 2005 which is referred to in the exiant regulations but has now been withdrawn. l understand th8t thls has b88n done in order for financial statements lo provide a true and fair view in accordance th Generally Accepted Accounting Practice effective for reportin9 periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection vhth the examination giving me cause to believe that Sn any material rèspÈeL' accounting records were not kept in respect of the charity as required by secuon 130 of the 2011 Actr. or th8 financial stslemenls do not accord with those records., or th8 fin8ncial statements do not compty with the applicable requirements concerning the fomi and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any r6ouirement that the accounts give 8 true 8nd fair view which Is not a matter considered as part of 3n independent examination. I have no concerns and have come across no other mattèrs In eonnectlon wlth thÈ 8xamlnatlon to whlch attentlon should be drawn in this report in order lo enablè a proper understanding of th8 financi81 stalernonts to b8 reach8d. Frances Wllde FCCA DChA Wam8r Wilde Chartered Certiried Attountsnts 4 Marigold Drfve Bisl&y Surrey GU24 9SF Datod..
TRINITY METHODIST CHURCH WOKING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Currentfinanelal y Unr•strlct•d funds 2024 R•strlct•d fund5 2024 Totsl Total 2024 2023 Notss Inm• from: Donations and leoa¢ies Charitable activitles Other trading athvlties Investments 177,464 79,827 2,535 179,999 79,827 160,166 80,688 19,023 2.031 3,319 3,319 Tolal Income 260,610 2,535 263,145 261.908 Expendlture on: Raising funds Charitable 8ctiviti8s 155 258,872 262,012 262,012 Totsl expendlture 262,012 262,012 259,027 Net Incomellexpgndlturè) and mov•m?nt In funds 11,402) 2,535 1,133 2.881 Reconciliation of fvnds.. Fund banCeS 311 Sepl8Mb8r 2023 197.591 4,146 201.737 198.856 Fund balances at 31 Augult 2024 196,189 6,681 202,870 201,737 The statement of financial actIve3 includ83 all galns and losses recDgnssed In the year. All Income and expendlture darive from conlinving aGtThiilies.
TRINITY METHODIST CHURCH WOKING STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Prlor financial year Unrestrleted fund5 2023 Rostrletod funds 2023 Tolal 2023 Notes Income from: Donations and lègacies Charitable activitles other trading actiwtses Inveslrnents 158,883 80,688 1,283 160,166 80.688 19,D23 2,031 2,031 Totsl Income 260,625 1,283 261.908 Exp•ndlture on: Raising fund Charitable aclwilies 155 257,389 155 258.872 1,483 Totsl expendlture 257,544 1,483 259,027 N•t Incomèlloxpendlturn) and movement In funds 3,081 1200 2,881 Reconeillatlon of funds: Fund balances 311 S8ptember 2022 194,510 4,346 198,856 Fund balane¢s at 31 August 2023 197,591 4,146 201.737
TRINITY METHODIST CHURCH WOKING BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Notes Flxed a55ets Investments 13 43,580 41.458 CuFr•nt ass•ts Debtors Cash at bank and in hand 14 25,178 137,975 25,879 144,244 163.153 170.123 CTedftors: amounts falllng due wlthln on8 yr 15 (3.8631 19,8441 Net current assots 159,290 160,279 Total a88ets le88 curront Ilabllltle$ 202,870 201,737 Thè funds afth• eharfty Restricted income funds Unrestricted fvnds 18 19 6,681 196,189 4,146 197,591 202,870 201.737 Theftna ial State ts were approved by Ihe INstéÈs on . nfstsè
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 A¢countlng pollcies Charfty Infomatlon Trinity Méthodlst Church Woking is a charity. 1.1 Accountlng Gonventlon The financial statements have been prepared in 8c¢ordance with the charitys goveming document. the Charities Act 2011, FRS 102 -The Finan¢io1 Reporting S18ndard applicable In the UK and Republic of Ireland. I'FRS 102,1 and the Charities SORP 'Accountlng and RepoTbng by Charities.. Statement of Recommended Practice applicable to charities prèp8ring thèir accounts in accordance th& Financial R&porting St8nd8Td 8pplicable in the UK and Republlc of Irel8nd IFRS 1021" {effective 1 January 20191. The ch8Fity Is 3 Public BeHefit EHtity as defiHed by FRS 102. The charity has taken advantsge of th8 provisions in the SORP for charitiès not to prepare 8 Stslemgnt of C8sh Flows. Th8 financial ststements have departed from thg Chanlies (Accounts and Reports) Regulations 2008 onty to the exient required to prowde a tru8 and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommènded Pradiee which is referred lo in the Regulations but which has since been withdrawn. The flnancial statements are prep8red In sterllng, which is the fiJnction81 currenry of the charfty- Monetary amounts In these fjnancl81 statements are rounded to the nearest £. The financial statements h8ve been prepared under the historical cost convention, Imodifieo lo includ8 tre rev81uaJon of freehold properties and to indude investment propere$ 8nd certain financial instnJments at falr valuel. The principal accounting polldès adoptèd are set out b810w. 1.2 Golng concern At th8 time of approving the financial statements, the trustees has a reasonable expectation that the charity hay adequate resources to ¢onfjnug In operatlon81 exi8tenoe for the foreseeab16 fvture. Thus th6 trustses continue to 8dopl the going concern basis of accoUnng In preparing the financial statements. 1.3 Charitabl• funds Unrestricted funds are èwall8bl8 for use at the discretion of the trustees in furtherance of thelr th8rltsble objectives. Restricted funds are subject lo specffjc conditions by donors or grantors as to how they may be used. The purpog&s and u$è$ of the restricted fLtnds ar8 set OLrt in thè notes to thè financial ststernents. Endowment funds 3r8 Bubject to spec(fic conditions by donors that the Capital must b8 m8intsined by the harity. 1.4 Incomg Income is regniSed when the charity is18g8lly entitled to it after any perfoman¢8 condlllon$ have been mel, the amounts can be measured reliably. 8nd It is probable thal incorne will be received. Cash donations are CogniSed on recelpt. Other donation5 are recognised once the charty has been notified of the donation, unless perforrnance conditions require defeal of the amount. Income tax recovèrabl8 in relation to donations recewed under Gift Aid or deeds of covenant is recognised al the tSm8 of the donation. Legacies are recognised on recelpl or othgrwise W the charity has been notified of an impending distribution, the amount is known, 8nd receipt is expected. If the amount is not known. the leg8Cy IS treated as a contingent asset. 10
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 AluntIng pollcl•s jcontlnu8dl 1.5 Expendltur• Expenditure is recognised once trere is a leg81 or conslruclive oblig*lon to transfer economSc benefit lo a third paty, itls probable that a transfer of economic benefits will be required in setuement, and the amount of the obligation can be measured reliabty. Expendlturè is dassified by actiwty. The costs of each actiwty are made up of the total of direct costs and shared costs, including SUPPQrt ¢o$ts involved in undertaknng each actimty. Direct costs attributable to a single actsvity are allocated direcY to that actiwty. Shared costs which contribute lo more than on& activty and 8UPPOrt costs which are not attributablo to a single activity are apportioned between those activities on a basis o)n51slent wllh the use of r850UTC8S. Central staff costs are allocated on the basls of tim& sp6nL and depreciation charges ar8 allocated on the portion of the a55el's use. 1.6 Fixed asset investments Fixed asset investments are inilialty measured at transaction prfce exdudSng transacllon costs. and aré SLJbsequèntly measured at fair value at each reporting date. Changes in fair value are recognised in net incomel{expendlturel for the year. Tr3ns3rtion costs are expensed as incuTred. 1.7 Cash and cash equlval•nts Cash and cash equiv318nls include cash in hand, depL7Sits held at pall with b8nks. other shortleTm fiquld investments with original maturities of three months or less, and b8nk overdralts. Bank overdrafts are shown within borrowings In rrnt IlabilitSes. 1.8 Financial instruments The charity has elected to apply tho provisions of Section 11 'Basic FinancAal Instruments, and Section 12 'Other Financial Instruments Issuas, of FRS 102 to all of its financial instruments. Flnanaal instwments are recognised in the charitls balance sheet when the ¢harity b8comtrs paty to the oJntracbJal provisions of th8 instrurn8nl. Finanryd assels and liabilities are offset, with the net amounts presented In the financl81 ststements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to setue on a net b85is or to rè81is& thft asset and settle the liability simuttaneousty. 8ask Ilnanclal assets BasSc lln8nci81 assets. which include debtors and cash and bank balances, are Inlllally measuTed at transacticm price including Iransactlon costs and are subsequently carried at amortised cost using the effeclive Inleresl methDd kjnless the arrangement conslilutes a finanrAng transaction, where thè transaction is measured at the present value of the future receipts discount8d at a market rate Df interest. Financ>al assets d8ssified as receivable within one year are not amortlsed. Baslc Ilnanclal Ilabllltles Basic finanual liabllyiles, Includlng credltors and bank loans are Inltially recognised at transaction prlce unless the arrangement conslitute5 a financing transaction, where the debt instrument is measured at the present value of the future payments diswunted 81 a market ffdte of interest. Financial liabilities classified as payable wllhln une year arE nDt 8mortlse¥J. Debt inslruments are subsequenlty carried at amortiS8d c05L using the eff8ctiv8 Illter8St rats mèthod. Trade creditors are obligations lo pay for good8 or servlce8 that have boen acquired in the ordinory course of operations from suppllers. Amounts payable are dassified as current li8biliti8s if paymènt Is due within onè year or less. If not. they are presented as non-current liabilities. Trad8 creditors 8r8 r8cognised initially at transaction pnce and 8ubsequenlly measured al amoffjsed cosf using Ihe effeclive inferesl melhod. 11
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles {Contlnu•d) D•recognltlon of flnanelal Ilabllltles Financia5 liabilities are dère¢ognls8d when the charitys contr8Ctual ObligaonS explre or are discharged or 6aRee116tl. 1.9 Employee b•neflts The cost of any unused holiday entitlement is rocognised in the period in which th8 employee's 5wwces are received. Temiination benèfits are recognised immediately as an expense when the charity is demonstrably committed to tèmiinate the employment of an gmployee or to provide terrnination b8n8fits. 1.10 RIrement benefflts Payments tri deflned contrfbution retiremenl benefit schemes are charged as an expense as they fall due. Critical accountlng •stlmat8s and Sudgements In the 8ppfication of the charitys 8co)unting pollcles, the Iruslees Is required to m8ke Judgements, estlmates and assumption5 about the carrying amount of ass8ts and liabilities that are not readily apparent from other sources. The estimates and associatéd 8s$umplions are based on histOriC81 axpgri8nc8 and othèrfactors th81 re considered to be relevant. Actual results may differ from these estim8tes. Th8 8slirnatss and undertying assumptlon8 are reviewed on an ongoing basis. Rèvislons to accounting estimates are recognised in the period in which the estimate is revised where the revision 3lf8Cts onty th81 perind. or in the pEad (rf the reslon and futurE periods where the revision affects both current and future perfods. Income from donatlons and legacles Unrestrlcted R&strlet•d funds nds 2024 2024 Total Unrestrlcted Rfrstrlcted funds funds 2023 2023 Total 2024 21123 Donations and glfts Grants 146.464 31.000 2,535 148,999 31,000 128,883 30.000 1.283 130.166 30.000 177,464 2.535 179,999 158.883 1,283 160.166 Donatlons and glft¥ Offerings Donations Gift Ald recovered 101,582 16,441 28.441 2.535 104,117 16,441 28,441 94,547 17,351 16.985 94,547 16.985 146.464 2.535 148,999 128,883 1,283 130.166 12-
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from charitable activitles Unrestrlctod Unrestrlcted funds funds 2024 2023 Chartlable actlvltles Charitable rental incorne Other income 75,696 4,131 72,640 8,048 79,827 80,688 Income from other tradlng ?¢tlvltle5 Unrestrlcted Unrestrlct•d funds funds 2024 2023 Fundral8lng evènts 19.023 Income from Inv¢stm•nts Unrg$trlcted Unrestricted funds funds 2024 2023 Interest receiwJbl8 3,319 2,031 Expendlture on ralslng funds Unrestrlctod Unrestrlcted fund5 funds 2024 2023 Fundralslng and publlclty Other fundralslng oosls 155 13
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Exp¢ndlturo on charltablè activltles Church actlvltl85 2024 Church activlti8s 2023 Dlrect costs Staff costs Circuit assessmÈnl or share oth8r direct costs Insurance, utllities etc Church administration PrDperty maintenance B8nk tharges 94,518 76,876 8,551 99.150 76.548 17.314 27,821 6.7g5 10.692 9,103 130 253,942 227.298 Share of support and gov•rn•nce costs15ee note 91 Support Govemance 6,510 1,560 28,584 2.990 262.012 258.872 Anatysi$ by fund Unrestrict8d funds- general Restricted ftJnd# 262,012 257.389 1.483 262,012 258.872 Support costs allocated to actlvities 2024 2023 Premises operafjng costs Buitding projects Bank charges Govemanc8 costs 4,511 60 2.990 1,560 8,070 31.574 Analy$•d bètwèen- Church activiues 8,070 31.574 14-
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs allocated to actlvltl¥s Icontlnued) 2024 2023 G+em8ce costs comprl$•'. Accountancy Independent exarniner 1.450 1.540 1,560 1,560 2,990 10 Trustth None of the trustees lor any persons ¢onnected wrth them) received any rttmuner8tion or benefits from the charity during the year. 11 Employws The 8ver8g¢ monthly number of employees during the year was.. 21)24 Number 2023 Numb•r Pastoral workors Missioner Admlnlstrat Employmant e05ts 2024 2023 Wages and salartes Soaal secJJrity cos15 Olhèi peri5itsn costs 87,373 5,921 1.224 88,466 5,891 4.793 94.518 99,150 There were no employe¢s whose annual remuneratlon was mDre than £60.000. 15
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Employees Icontlnuedl Ctjrrentty, the Management Tèam compri5es.' 1 x OTdained Minister on slpend 6 x Voltjntary elected Stewards 1 x Voluntary Foundry Pastor 1.5 x Salaried ernployees managing 811 general activity 2 x Part Time Salarigd P3storal Assistsnts 1 x Part Time Salarfed Youth and Children's Workèr JI sa18ri8d staff have a voluntary Llng Manager. The total Staff Costs figure of £94.518 does not include th& Ordained Minislerwho 15 paid centrally. 12 Taxatlon The charity is exempt from taxatlon on its activities be¢8use 811 Its Income is applied for ch8ritable purpJ$es. 13 FIx8d asset Invèstmonts Llsted Inv•stm•nts Co¥t or valuatlon At 1 September 2023 Addltions 41.458 2.122 At 31 Augvsl 2024 43.580 Carylng amount At 31 August 2024 43.580 At 31 August 2023 41.458 14 Debtors 2024 2023 Amounts falling due wlthln one year. Other debtors Prepaym8nts and accnjed Income 5,168 20,010 8,079 25,178 25,879 16-
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 IS Crédltors: amounts falllng du• wlthln one year 2024 2023 Notes Other taxation and sodal $8curfty Deferred income Other credffors Accrua15 419 16 792 9,425 3.071 3.863 9,844 16 Deferred incorne 2024 2023 Other deferred income 792 tsefeed lftcome Ss Induded In the ffinancl81 ststtrments as follows.. 2024 2023 Deferred Income Is Induded wthin: Current liabiltbes 792 Movements in the year.. Deferred income al 1 September 2023 Resources deferred In the year 792 Def8rr8d income al 31 August 2024 792 17 Rthiromènt benefit schernes 2024 2023 Dofin•d contrlbutlon schemes Charge lo profrt or loss in respect of d8fin8d contribution schemes 1,224 4,793 The thartty operates a defined contrfbution pension scheme for all qualifylng employees. The 888ets of the scheme are hold separately from those Df the charity in an independendy administered fund. 17-
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 18 Restrlct•d fLEnds The restrfcted funds of the chority comprfse the unexpended balances of donations 8nd grants held on trust subject to $pecAfic condltlons by donors as to hi)w they may be used. At1 September 2023 Incoming resources Resour¥ At 31 August expended 2024 Benevolence and Youth Fund 4.146 2,535 6.681 P*evious y6ar: At1 Septtmber 2022 Incoming rnsources Rèsources At 31 August expended 2023 4,346 1,283 11,483) 4.146 19 Unr¢strlcted funds The unrestrictèd funds of th8 charity compris8 the unexpended balan¢es of dona14.ons and grants which are not subject to specffic conditiiY)s by donots and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the tW8lees for &pecfic purposes. Incoming resour8 Rè50ur¢es At 31 August expended 2024 September 2023 Designated Funds- all funds General funds 85,683 111,908 2,015 258,595 160) 1261,952 87,638 108,551 197,591 260,610 1262,012) 196,189 Previous y?ar= At1 Septèmber 2022 In¢oming resources Resources At 31 August expended 2023 Designat8d Funds- all fijnds General ftind8 84,831 109.679 852 259,773 85,683 111,908 1257,544) 194,510 260,625 257,544 197,591 18-
TRINITY METHODIST CHURCH WOKING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Anatysls of not ass•ts between funds Unrostrfetsd fund3 2024 Restrlctèd fund5 2024 Total 2024 At 31 August 2024.. Investments Current assetsllliabilities} 43,580 152,609 43.580 159,290 6,681 196,189 6,681 202.870 Unrestrlcted funds 2023 Restrlctsd funds 2023 Total 2023 At 31 August 2023: Investments Current assetsllliabilitiesl 41.458 156,133 41,458 160,279 4,146 197,5Y1 4,146 201.737 21 Relatsd party transactions Thère were no disd05able related party transactions during the year12023- none). 19