SURBITON HILL METHODIST CHURCH SURBITON HILL METHODIST CHURCH Registered Charity No.- 1127609 Report of th8 Trustees and Audited Financial Statements for the Year Ended 31 August 2024 Klng$ton Burrow•s Audlt Ltd 308 Ewell Road Surbiton Surrey KT6 7AL SURBITON HILL METHODIST CHURCH Surbilon Hill Methodist Church Consolidation Truslees Annual Report and Audited Financial Statements for the Year Ended 31 August 2024 Table of Cont•nls Page Report of the Trustees Report of the IndependentAuditors and Audited Financial Statements 10 statement of Financial Activities 13 Balance Sheet 14 Notes to the Financial Statements 15 Surbiton Hill Methodist Church onsolidation Tnjslees Annual Report for the Year Ended 31 Au ust 2024 Introduction The work of Surbiton Hill Methodist Church takes place within the overall mission and purposes of the Methodist Church in Britain. This mission is summarised in the document Our Calling (Methodist Conference Report, 2000). The four themes identtfied in Our Calling were reaffirmed by the Methodist Conference in 2018: The calling of the Methodist Church is lo respond to ttte gospel of God's love in Christ and to live out its discipleship in worship and mission.11 does this through.. Worship Leaming and Caring Service Evangelism Responding to Our Calling Surbiton Hill Methodist Church has its own mission to: Worship God Encourage and support people to follow Jesus Christ as Saviour Care for our neighbours and work forjuslice and the relief of suffering around the wodd. In 2018 we agre8d a developed Vision Statement which is now the basls of our annual and longer tem planning. The Vision is to becom8 a *ibrant Christian centre for caring, sharing, worship and welcome in Surbiton.. Review of the Y•ar 1} Worshlp Sunday morning congregations average around 75 people, and about 20 people join services livestreamed online on our YouTube channel, where the Se￿iCe5 are available for a year. New friends continue to join us in our Sunday regular worship. Sunday Junior Church is well- established with varying numbers from week to week. The area ofthe church which last year was designated as the children's area continues to be 8 popular and comfortable place for those with children and babies. Holy Communion takes place monthly as part of the Sunday morning worship. In addition, monthly Mid-week Communion. Praise Parties and Messy Church are other times when we can meet together as 'church'. Worship is led by our own minister Revd Vindra Maraj-ogden, other ministers and local pre8chers from the Ktngston Methodist Circuit, and Bron Coveney, our Children and Families, Work8r. We have a team of volunteers who offer bible readings, lead prayers, operate the audio-visual and livestream systems and countless other contiibutions. Surbilon Hill Methodist Church Consolidation Trustees Annual Report for for the Year Ended 31 Au ust 2024 Music remains ￿ntral to our worship with a strong lead Irom our Director of Music and Cholr. This is much appreciated in Sunday morning worship and especially valued in the livestream services. SHMC continues to enjoy a variety of music, with Sunday morning focussed more towards Iradilional and modern hyrnnody, and more lively contemporary music in our family orientaled services. We are always happy to leam new hymns and songs at the preachers, request. Evening services are now occasional, tsking place at such times as the annual Service of Remembering on All Soul's Day in the autumn. We invite those who have recently been bereaved to this quiet, reflective service, as well as welcoming any who wish lo attend. We light candles in a prayerful and peaceful almosphere as we remember loved ones. In December we have a Crib Seryice for families, a Christmas Café Service led by the choir, and the annual Carol Service in evenings. 21 Children and Families Work The child￿n and families, activities at Surbiton Hill continue to go from strength to strength. All the work is supported by teams of dedicated volunteers who have a passion for sharing Christ with children. young people and their families in many fun, hands-on and creative ways. Our weekly toddler group - Oasis - continues to be well attended by families from the local area. In the summer, this makes use of the church's tennis club which gives us access to a safe, outside space. We lead the group with Christ's call to love and seNe one another at its core, sharing this through songs, stories, and a hot cup of tea and a biscuti! Messy Church is well loved by those who attend, and we regulady have new families join. Everyone can experien￿ Christ in a creative, active and visual way, allowing their individual form of expression to bring a personal understanding and relationship with Christ. A truly unique model of worship. our monthly Praise Party continues to draw families with childrenlyoung people aged 2-16 who worship with us in a way that is exciting and inclusive. The setvice is followed by the sharing of a light meal logether. We enjoy games, challenges and crafts. and there is also a small puppet team involving some of our young people, which has been immensely popular. Once a week. our Open the Book team vi$it St Andrew and St Mark's Junior School to lead collective worship. acting out stories from the Bible. We have a great relationship with the school, who value what we do. At the start of the summer holidays we welcomed 25 - 35 children each day to our Game On! Holiday club involved crafts, games, and tennis. The activities were themed on video games such as Minecraft, Pokemon, Sonic the Hedgehog and Super Mario but with a core of the rnessage of Jesus. Many of the children who came were from outside Ihe church projects we njn, and many we mel for the first time. The whole event was only made possible because of the hard work, dedication, care. and o)mmitrnenl of our Incredible volunteers. Surbiton Hill Methodist Church Consolidation Trustees Annual Report for for the Year Ended 31 Au ust 2024 3) Bullding Use and Developments Our new side entrance opened in September 2023. It is a bright airy space which is twice as wide as previously, wilh a higher ceiling and lots of natur21 light. It has attracted lots of favourable comment5 from church members. our community user groups and occasional visitors, with the aulomatic door attr8cting particular praise - especially from those coming in or going out with pushchairs or in wheelchairs. The project wa5 accompanied by replacement of the wndow-frames in, and redecoration of, the adjoining slairwell- ensuring a much more welcoming atmosphere for everyone entering. It is a valuable Step in our vision lo be a vibrant Christian centre for cartng, sharing. welcome and worship in Surbiton. Other upd*ing has included the recent replacement of a collapsing old oil storage tank housing with a well-built storeroom and workshop for our caretsker, and a continuing programme of redecoration throughout the prernises. All thi5 is accompanied by on-going Maintenan￿ to ensure that our old and heavily used premises are kept to a high standard by our dedicated team of staff and volunteers. 4) Governance The Church Tennis Club agreed a revised govemance document and protocols in 2021122 which remain in place. The aTrngements have allowed the Club greater autonomy and full participalion for dub mernbers who are not church members whilst ensuring thal the Church Council as managing trustees retains clear govemance conlrol and exercises due diligen￿. The arrangemenls also maintain and guarantee the specific Methodist ethos and heritsge of the Club. The Club site with its six courts and pavilion is a Methodist Church propety held under Ihe Methodist Model Trusts by the Trustees for Methodist Church Purposes ITMCPI as cuslodian trustees, and the local Church Council as managing trustees. The managing trustees look to the Club to support their charitable purposes through its role In providing an affordable and accessible sports facility in the community. Managing Trustees rarried oul their governance responsibilities for finance through the work of the Church Treasurer and the Finallce Committee with regular reporting to both the Leadership Team and Church Counal. Audited aGcount5 are of course the main substance of this report. Rouline care of the Church Property. including Health and Safety, and risk management are delegated to a Property Committee co-ordinated by a Property Steward who also acts as manager for caretaking and cleaning staff. A rolling cyde of both ￿pair and prctractive maintenance is continued. Managing Trustees have specffic resFM)nsibilities in overseeing the Methodist Church's safeguarding policies. The local church safeguarding policy re￿iVed an annual review, a Strong local safeguarding officer remains in post, DBS applications and renewals are carefully monitored, and training provided according tr) the Methodist Church's policies. Safeguarding is a major feature of our church life and has become an embedded part of our community culture. Surbilon Hill Methodist Church Consolidation T￿SteeS Annual Report for for the Year Ended 31 Au ust 2024 SHMC hosts other Christian congregations which do not have their own premiseg. The Korean Gloria Church has been a guest ￿thIn our community for a considerable time and typically meets on Sunday afternoons. Since September 2019 we were also joined by the Lagoinha Baptist Church, a congregation worshipping in Portuguese and mainly drawn from the Brazilian community in the UK. Appropriate advice and permissions were sought from the Methodist Church's ecumenical officer belore agreeing this arrangement. We welcome the presence of these two very different congregations as part of our commitment to being a °vibrant Christian centre for worship and welcome in Surbiton." We are immensely grateful to the teams of volunteers who make all this possible including our principal officers in finance and property care. 51 Staffing Our wort( would be impossible without the dedication and generosity of volunteers in all areas of church lrfe. The work of a modem charity and community centre is increasingly cornplex and 8s part of our vision we have gradually built a small professional team to extend our woth. We give thanks for their dedication. Minister- Rev Vindra Maraj-ogden Children and Families, Work8r- Bron Coveney Church Administrator-Allison Whittle Caretakers and cleaner- Phil Thome, Charles Abedi-Boafo and Eva Kyei. We wamily welcomed Revd Vindra Maraj-ogden, who was appointed as our minister from September 2023. We give thanks Ihal we have been able to maintain a strong stsff team to support our ministy in Ihis place and we pray for Windra as she continues lo seltle in with us. We have two new employees - Charfes Abedi-Boafo who has joined us as night security person following the unlimely death of Roy 8easley', and Eva Kyei who replaced Abigail Crabbe as our cleaner. 6) Plans for 2024-2025 Our plans hit a bump in the road in February 2024 when our new minister $8dly fell and broke her ankle while she was in Trinidad. This meant aftèr surgery she could not travel for I￿e1ve weeks and naturally a series of new arrangements were made. However, we were blessed with her retum in May 2024 and she is able to provide us with prayerful guidance for the year ahead. These plans include the introduction of weekly bible fellowship groups online, to build on the successful introduction of an in person version earlier this year. In addition, we will launch a Men's Breakfast (we have had a long njnning Women's Breakfast) and reintroduce Friendship lunches to encourage fellowship and integrate more of the new people who are regulady joining the congregation. We are also developing plans for a potential Alpha course in 2025. It is important to note that, as planned, from Septernber 2024 our minister is now also the minister for Chessington Methodist Church. This will naturally have consequences for which we will seeks God's guidance on how best to proceed. Surbiton Hill Methodist Church Consolidation Trustees Annual Report for for the Year Ended 31 Au ust 2024 7) Conclusion As a formal annual report on our activities this report inevitably focusses on the work of the church as a charity and its trustee responsibilities. However, our church life is far richer than this report can express. Aongside the formal work and decision making runs the whole complex life of 8 community which has lived through joys as well as deep sorrows and losses. There have been moments when we have been lifted up in worship and times when we have needed to explore the depths. BLrt the power lo do all these things is given us in Jesus Christ to whom we give glory now and for ever. Amen. Rèv Vlndra Maraj-ogden.. minister In pastoral charge, Surbiton Hlll Methodlst Church. chair of Church Council (managing trustees). Surbiton Hill Melhodisl Church Consolidation Trustees Annual Report for for the Year Ended 31 Au ust 2024 FINANCIAL REVIEW a. Golng concern After making appropriate enquiries, the Tnjslees have a re8son8ble expeclalion that the charity has adequate resources to contlnue in operational existence forthe foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial ststements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. b. Resewves policy The Church endeavours to hold reserves SLfficienl to cover six months, worth of expenditure in its unrestricted funds. Reslricled funds are accepted where there is a current project or activity which would allow these funds to be spelll within a reasonable time frame. Designated funds are held where the Trustees have identified a specific need to hold funds outside of the General Reserve. The General Reserve is generally held at a balance of £5,000 each year and Is balanced off from the Building Maintenance designated reserve. c. Principal funding Church income is primarily drawn from congregation giving and related tsx refunds under the gift aid scheme along with the lelts'ngs of the premises to comrnunily groups. Since restrictions owing to Covid were lifted the groups have returned and income is at an equivalent level to that before the pandemic. d. Expenditure The major cost132 10 of the total spend) (2023.. 21°/DI is the assessment paid lo the Kingston upon Thames Circuit. Most of this covers Ministers, stipends and related costs, and the District a55essmenl. A further 42Yo of costs (2023.. 47°A) are spent on the upkeep and related expenses of the premises. The other costs have remained broadly al previous levels. e. Basis of consolidation The published accounts include the church and Internal church organisations. Surbiton Hill Methodist Church Consolidation Trustees Annual Report for for the Year Ended 31 Au ust 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT a. Conslitutlon Surbiton Hill Methodist Church is a registered charity, number 1127609, and is constituted under a Trust deed. The Charity is controlled by its goveming document, a deed of trust, and constitutes an unincorporated charity. The goveming document for the church is the Deed of Union (1932) and Methodist Church Act {1976). Detailed governance arrangements are oulllned within the Constitutional Practice and Discipline ICPDI of the Melhodisl Church, by order of the annual conference. Surbiton Hill Methodist Church is part of the Brilish Methodist Church. The Methodist Church operates under the Methodist Church Act of 1976. All Methodist churches are connected to each other and are govemed by the dec4sions laid down by the Connextron, through a Dlstrict, Circuit and the local church. b. Methods of appointment or election of Trustees The management of the Charity 18 the responsibility of the Trustees who are elected and appointed under the tems oflhe Trust Deed. The Trustees are appointed attheAnnual Church Meeting of the church and by Ihe Church Council. C. Organlsational structure and declsion-rnaklng policies Day to day management ol the church Is undertaken by the Church Leadership Team along with the Minister. d. Policies adopted for the inductlon and tralnlng of Trustees A range of guidance produred by the Methodist Connexion lo support the effective running of the Church and the role of Trustees is given to the Church Trustees at various meetings and training sessions. g. Related party Telatlonshlps The Church is part of the Kingston upon Thames Circuit ￿lch is part of the London Methodist District and is also accountable lo the Methodist Conference. f. Financial risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity. and are satisfied that systems and procedures are in place to mitigate exposure lo major risks. Surbiton Hill Methodist Church Consolidation Trustees Annual Report for for the Year Ended 31 Au ust 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1127609 Principal address 39 Ewell Road Surbiton Surrey KT6 6AF Tntstees V Maraj-ogden J Bridges M Turner P Thorpe M Thorpe J Barwick L Bridges M Golding H Abbott C Jones G Tumer C Mays K Ingham T Ingham U Teitz E Cook P Lavers R Strachan C Fullbrook D Fullbrook B Ojudayi H Lamb A Dass appointed 01.09.23 appointed 01.09.23 Audltors Kingston Burmwes Audit Ltd 308 Ewell Road SuTbiton Surrey KT6 7AL Surbiton Hill Methodist Church onsolidation Trustees Annual Report for for the Year Ended 31 Au ust 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordan￿ 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 lo prepare financial statements for each financial year which give a Irue and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charity SORP 2019 IFRS 1021., make judgements and estiEllates that are reasonable and prudent- stste whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slaternents., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity wll continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, Ihe Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on Iljune 2024 and signed on its behalf by: Revd Vin Trustee a Maraj-ogden INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SURBITON HILL METHODIST CHURCH Opinion We have audited Ihe financial statements of Surbilon Hill Melhodisl Church for the year ended 31 August 2024 which eomprise the Ststement of Financial Activities, the Balance Sheet and notes to the financial siatements. induding a summary of significant 8ecounting policiés. Thè financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financiab Reporting Standard applicable in the UK and Republic of Ireland IUnf(ed Kingdorn General￿ Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of th8 slate of the charrty's affairs as at 31 August 2D24, and of its incoming resourGes and appliGalion of resources, for the year then ended., have been properfy prepared in accordan¢* with Unitad Ktngdom G8nerally Aec8ptÈd Accountlng Practice,. and have been prepared in accordance with the requirernenls of the Charities Act 2011. Basis for opinion WÈ condLJCted our audit in accordance Intemalional Standards on Audtting IUKI IISAS IUKII and applicable law. Our responsibilities under those siandards are ftjrther described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audr( of the financial statèmènts in thÉ UK, including the FRC'S Ethical Standard, and we have fulfilled otjr other ethical responsibilities in 8ccordance with these requirements. We believe that the audit evidellce we have obtained is sufficient and appropriate to provide a basis for our opinion. Con¢luslons rÈlatlng to golng ¢oncem In auditing the financial statements. we have concluded Ihat the trustees. use of ihe going concem basis of accounting in the preparation of the financial statements is appropriate. Bas8d on the work we have performed. we have not idenltfied any material uncertainties relating to events or conditions that, individually or collectively, may Gasl signifiGant doubl on the charity's ability tr) continue as a going concem for a period ofat leasttwelve months from when the financi81 statements are authorised for issue. Our ￿SponSibl1111es and the responsibilities of the tru51ees with respect to going concem are described in the relevanl sections of this report. Other infomiation The trustees are responsible for the other information. The other infomiation comprises Ihe infomialion included in the Report of the Trustees other than the financial statemants and our 8udf(orfs report thereon. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly stated in our report. we do not express any fomi of assurance condusion thereon. io INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SURBITON HILL METHODIST CHURCH In connection with our audit of the financial statements. our responsibility is to raad the other information and, in doing so, consider whether the other inforfnation is materially inconsistent with the financlal statements or our knowledge obtained in the audit or othetwise appears to be Tnaleri811y misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material missiatement in the financi81 statements or a rnaterial misslaternent ot the olher information. If, based on the work we have performed, we conclude thatthere is a material misstatement of thi5 Other infomiation, we are required to reporl that fact. We have nothing to reFort in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the lollowing m8tt8rs in relation to which the Charities IAccoLJnts and Reports) Rggulations 2008 ￿quIre us to report to you rf, in our opinion.. thè inforrnation given in the financial statements is inconsislenl in any material respect with tha trustees, report,. or sufficient accounting records hav8 not been kept,. or the financAal stslemenls are not in agreement wlth Ihe 8ccounting records., or we have not received all Éhe infomiation and explanations we require for our audit. R95ponsibilities of trustees As explained more fully in the trustees, responsibilities statement sel out on page 9. tha trustees are responsible for thè preparation of financial ststements which give a true and fair view, and for such internal control as the trustees detemine is necessary to enablè thè preparation of financial statements that are free from material misstatement, whether due to frau¢J or error. In preparing the financial slalements, the trustees are responsible for as5e5sing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless th8 trustees either intend lo liquidate the charity or to cease operations. or have no realistic altemative but to do so. Audltorfs responsibilltles for th• audlt of the financial statements We have been appointed as auditor under s6Ction 144 of the ChadUes Act 2011 and report in accord8n¢e with regulations made under sedion 154 of that ACL Our objectives are lo obtain reasonable assuranee abo￿ whether the financial statements as a whole are free from matsri81 misstatement, whether due to fraud or aTor, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantè8 that an audit conducte(J in accordance with ISAS IUKI will always detect a mateTial misstatementwhen it exists. Misstatements can arise from fraud or error and are considered material if. individualty or in the 8ggregate, they could reasonably be expected to influence thè economic decisions of users taken on th? basis of these fin8n¢ial statements. li INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SUR8ITON HILL METHODIST CHURCH Auditor's rnsponsibilitios for the audit of th& ftnanclal stateménts ..Icontinued Irregularities, including fraud, are instances of non-compliance wth laws and regulations. We design procedures in line with our r8spon5ibililies, outlined above, lo delecl material misstatements in respect of irregularities, induding fraud. Th8 extent to which our pro¢edures are ¢ap¥ble of detecting irregularities, including fraud is detsi18d b810w.' Enquiry of management and those charged wf(h governance about actual and potential litigation or daims and the identification of non-compliance with laws and regulations., Revlewlng mlnutes of n￿etingS of those charged with goveman¢e', Reviewing finanaal statemenl disclosures and testing SLJPPQrting documentation ta assess compliance with applicable laws and regulations., Auditing the risk of management override of controls, including testing joumal entries and other a(Ilusknents for approprSateness', Performing analybeal procedures to identify any unusual or unexpected ralationships that may indicate risks of material misstatement due to fraud., Professional sceptic¢sm in course of the audit and with audit sampling in material audit areas. Because of the inherent limitation5 of audit, there is a risk that we wlll not delecl all irregularities, including thos8 18ading tc> a mat8ri31 misstatément in thè finaneial statèments or non-complian￿ with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become awa of instances of non-compliance. The risk is 8150 9reater ￿gardIng ifregularilies occurring due to fraud rather than error. as fraud involves inlentional concealment, forgery. collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financAal statements is located on the Financial Reporting Council's website at: www.frc.or .uklaudilorsres onsibililies. This descriplton forms part of our auditor's r8port. U$¢ of our r•porL This ret)ort Is made solely to the charfty's tfustees. as a body. In accordance with Part 4 of the Ch8rities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stat8 to the charity's trustees those matters we are required ￿ state to them in an auditDrfs report and for no other purpose. To the fullest extent permrtted by law, w8 do not accept or assume resporisibility to anyone other tharb the tharfty and the Eharity's trustees as a body, for our audlt work, for this report, or for the opinions we havè form8d. K8vin Fisher BA FCA CTA For and on beha￿ of Kingston BurTowes Audit Ltd 308 Ewell Road Surbiton Surrey KT6 7AL ay June 2025 12 Surbiton Hill Methodist Church onsolidation Statement of Financial Activities for the Year Ended 31 Au ust 2024 Unreslricled funds Restricted Funds Total 2024 Total 2023 Notes INCOME FROM: Donations and legacies Charit8ble 4¢tivities'. Other trading activities Investment incowe 107,093 738 107,831 137,393 449 119.442 28.547 19.960 28,996 139,402 26,027 113.223 Totsl 226,984 49,245 276.229 276.643 EXPEND￿uRE ON.. Raising fund5 116.288 2,320 118,6Q8 150.331 Charitable Activities General Activity 137,379 24.520 161,899 169,817 Total 253,667 26,840 280.507 320,148 NET INCOMEIIEXPENDITUREI 126,6831 22.405 {4,278) 143.5051 Transfer betw•on funds 16,080 116,0801 Nèt movement In fund¥ 110,6031 6.325 14,2781 143.5051 RECONCILIATION OF FUNDS Totsl funds brought fO￿ard 169,499 3.714.844 3,884,343 3,927,846 TOTAL FUNDS CARRIED FORWARD £1 $8,896 £3.721,169 £3,880,065 £3,884,343 The noltrs fomi part of these flnan¢ial ststements 13 Surbiton Hill Methodist Church Consolidation Balance Sheet for the Year Ended 31 Au ust 2024 Total 2024 Total 2023 Notes FIXED ASSETS Tangible assets 12 3,680,909 3,681,024 CURRENT ASSETS Debtors Cash at bank 13 17,704 187.443 28,515 229,170 205,147 257,685 CREDITORS Amounts falling due wkhin one year 14 15,9911 154,3661 NET CURRENT ASSETS 199,156 203,319 TOTAL ASSETS LESS CURRENT LIABILITIES 3.880.065 3,884.343 NET ASSETS £3,880,065 £3,884,343 FUNDS Unrestricted funds Restrcled funds 158,896 3,721,169 169,499 3.714,844 TOTAL FUNDS 15 £3.880,065 £3,884,343 The financial statements were approved by the Board of Trustees and authorised for issue on l ijune 2024 and were signed on its béh81f by: Revd Vind Trustee a Mar8J- gden Ross Strachan Trustee The note5 form part of these financial ststements 14 Surbiton Hill Methodist Church Consolidation Notes to the Financial tatements for the Year Ended 31 Au usl 2024 1. ACCOUNTING POLICIES al The charity constitutès a public benefil entity as defined by FRS 102. The financial st8témènts hav8 been prepared in accordance wilh Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard appli¢able in the UK anLf Republic of Irèland {FRS 1021 issued in October 2019, the Financial Repo￿ng Standard applicab18 In the UK and Republic of Ireland IFRS 1021, the Charities Act 20t18nd the UK Generally Accèpted Accounting Practice. Thè finan&al statements are prepared on a going concern basis and ar8 initially recognised at hislorscal cost convention. rnodified to include certain items at fair value unless otherwise stated in the relevant accounting policy note. Th8 significant accounting policies applied in the preparation of these financial statements are set out bElow. These policies have beèn consistently applied lo all years presented unless others*ise ststed. b) Incomin Items of incomè are recognised and included in the accounts ￿en all of the followng criteria are met.. the charity has entillemenl lo the funds., any perforrnance conditions attached lo the item{sl ol income havè beèn met or are fulty within the control of the charity., there is sufficient certainty that receipt of the income 15 considered probable.. and the amount can be measured reliably. enditure rec nilion Expenditure is recognised once there is a legal or construrtive obligation to make a payment to a third party. it is probable that sattlement will be required and the amount of the obligation can be mèasured reliably. Expenditure includes those costs of a direct nature which can be allocated to a specrfic actwty. 11 also indudes indirect costs, including governance costs that do not relate to a specific activity bul are necessary to support those activities. ible fixèd assets Tangible fixed assets costing morè than £500 are capitalised. Depreciation is pmvided so as to write off the cost of each asset over its estimated useful life at the followng annual rates: Plant and machinéry Fixtures and fittings 10¥0 on cost 35% on redu¢ing balance 8) Taxation The charity is exempt from lax on its tharitable actNities. Investments Unlisted investments are initially recognlsed, and are subsequently slat8d, at eA)st. Investment properties are initi811y recognised at cost or. in the case of donated assets. the market value of the gift in kind. Al the end of each accounting period investment properties are restated al market value and any gain or loss is reported in the Statemènt of Financial Activities. No depreGialion is provided on investment properties. 15 Surbilon Hill Methodist Church Consolidation Notes to the Financial Slalements forthe Year Ended 31 Au ust 2024 ACCOUNTING POLICIES Iconilnuedl gl Leases Oper8ting188sÈ rentals are Charg￿ to the Statèm8nt of Financial Activities on a straight line basis oveT the period of the lease. h) Pension costs Thè charty operates a defined contribution pension scheme for the benefit of its employees. Contributions are charged to ihe Statement of Financial Activities in the year lo which they relate. il Fund accountin Unrestricted funds are available for use at the discretion of the trustees in furtherance of the g8ngral oblecuves of the charity and which have not been designated for specific purposes. Designated funds are unreslricled funds sel aside by the Iruslees for specific purposes. Restricted funds are those funds whith Can only be used in accordance with the speafied wshes of the donor or which have been raised for particular p¢Jrposes. j) Debtors and creditory Debtors arFd creditors wth no ststed interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairments are recognised in expendFture. INCOME FROM DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Donations and legacies Colle¢tigns CollectirJns- Gift Aid Income tax redaimed 13,446 4,625 71.577 17,445 738 14.184 4,625 71,577 17,445 39,685 2,306 76,714 18.688 £107,093 £738 £107.831 £137.393 Of the £137.393 recognised in 2023. £98,439 was unrestricted funds and £38,954 was restricted funds. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Pholocopyinglother income SubsGriplions 449 4,850 23,697 5,299 23,697 2.912 23.115 £449 £28,547 £28,996 £26,027 Of the £26.027 recognised in 2023, £176 was unrestricted funds and £25,851 was restricted funds. 16 Surbiton Hill Methodist Church Consolidation Notes t th Financial Statements for the Year Ended 31 Au ust 2024 INVESTMENT INCOME Unrestricted Funds Restricted Funds Tol81 2024 Total 2023 Letting income Bank and other interest 115,3(19 4,133 19,664 296 134,973 4,429 109,292 3,931 £119,442 £19,960 £139,402 £113,223 Of the £113,223 ￿cogniSed in 2023, £103,032 was unrestricted fvnds and £10,191 was restricted funds. COST OF RAISING FUNOS Direct Costs Support Costs Total 2024 Totsl 2023 Property expènses Housekeeping and deaning Property repairs and renewals 30.844 34.104 53.660 30.844 34,104 53,66D 33,632 32,608 84,091 £118,608 £118,608 £150.331 Ofthè £118,608 recognised in 202412023.. £1 50.331), £116,28812023.' £74,398) was charged to unrestricted funds and £2,32012023.. £75,933) was charged lo reslricled funds. ANALYSIS OF EXPENDffURE ON CHARITABLE ACTivrriES Direct costs Supwrt ost Total 2024 Total 2023 Church activitie5 £139,118 £22,781 £161,899 £169,817 Of the £161,899 expenditure recognised in 2024 {2023.' £169.8171, £137.37912023'. £106,690) was charged to unrestricted funds and £24.52012023.' £63,127) w88 charged to restricted funds. 17 s￿￿)110n Hill Methodist Church Consolidation Notes to the Finall￿al Statements for the Year Ended 31 Au ust 2024 DIRECT COSTS 2D24 2023 Charitablg Activities Circuit assessment Outreach to neighbourhood Staff costs Worship resources Youth and Junior church Music and Ghoir chU￿h organisation costs Depreciation Grants to individuals 90,497 969 17,299 1,687 849 3,296 23,812 115 594 66,151 1,795 12,801 1,428 253 3,306 62,219 177 731 £139,118 £148.861 SUPPORT COSTS 2024 2023 Charitable Activities staff costs Church organisalion5 costs Govemance costs (see Note 91 10,015 10,196 2,570 8,559 8.397 4,000 £22,781 £20,956 GOVERNANCE COSTS 2024 2023 Audit fees £2,570 £4,000 10. STAFF COSTS 2024 2023 Salaries and wages National insurance Pension costs 58,318 2,845 1,871 53,318 1,300 2,042 £63,034 £56,660 No employe& received total employ&e benefits (excluding employer pension costs) of more than £60.000 pèr8nnum. The average number of employees during the year was 512023= 51. No remuneration was paid in the year. or previous year, to key management. 18 Surbiton Hill Methodist Church Consolidation Notes to the Financial Statements for the Year Ended 31 Au ust 2024 11. TRUSTEES, REMUNERATION AND EXPENSES The trustees received no remuneration or reimbursed expenses during the year (2023.. £Nill. 12. TANGIBLE FIXED ASSETS Fixtures And Fittings Freehold Property Plant and Machinery Total COST At 1 September 2023 and 31 August 2024 3,680,695 39.643 24,509 3.744,847 DEPRECIATION At 1 September 2023 Charge for the year 39,643 24.180 115 63,823 115 At 31 August 2024 39,643 24,295 63,938 NET BOOK VALUE At 31 August 2024 £3,680,695 £Nil £214 £3,680,909 Al 31 August 2023 £3,680,695 £Nil £329 £3,681,024 In accordance with Methodist Accounting Rules, th8 frèehold property ha5 been revalued lo the insured valuation at 31 August 2016. This is recognised as its deemed cost al that dale. 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors (Xher debtors and prepayments 12.119 5.585 5,955 22.560 £17,704 £28,515 14. CREDITORS: AMOUNTS FALLING DUE W￿H1N ONE YEAR 2024 2023 Trade creditors Other creditor5 37 5.954 8,666 45,700 £5,991 £54,366 19 it n Hill Methodi Consolidation hur Notes to the Financial Statements for the Year Ended 31 Au ust 2024 15. MOVEMENT IN FUNDS Brouoht [￿ard at Income 1 Sep18mber (including 2023 gains) Carried forward at 31 AugLJSt 2024 Expenditure (including Ios5esl Tr8nsfers bètween funds Unrestrlcted funds General funds Dev8lopmènt rèsèrvè Building m8intenanca 5.000 6,886 157,613 216,984 211.553 15,4311 5,000 6,886 147,010 1 D,000 42,114 21,511 169,499 226,984 253,667 16,Q80 158.896 R¢strlcted funds Development fund Benevolent fund Legacies Youth worker Tennis club Table tennis Ladies badminton Mixed badminton Network Oasis Fixed assets- Freehold propèrty Fixed assets- Fixtures & filtings Fixed assets-other organisations land & buildings 2,100 318 3,506 173 14.390 547 40 2,642 354 672 3,427,573 1901 2,100 278 3,506 173 32,482 574 40 45,755 451 1,000 24,863 24 40 12,800 1400) 1960 12,6421 913 1,126 925 833 342 765 3,427,573 214 115 419 262.619 19,4971 253,122 3,714.844 49,245 26.840 116,080 3,721,169 TOTAL FUNDS £3.884,343 £276,229 £280,507 £Nil £3,880,065 20 Surbiton Hill Methodist Church Consolidation Notes to the Financial Statements for the Year Ended 31 Au ust 2024 15. MOVEMENT IN FUNDS- continued Comparab've for movement in funds.. Brought forward at 1 September 2022 Carried forward 8t 31 August 2023 Income (including gains) Expenditure (including losses Transfers between funds Unre8trlct•d funds General funds Development reservè Building maintenance 5,000 6,886 133,554 201,647 181,088 120,5591 5,000 6,886 157,613 24,059 145,440 201,647 181,088 3,500 169,499 Restrictèd funds Development fund Benevolent fund Legacias Vision project Youth worker Tennis club T8blè tennis L8dies badminton Mixed badminton Network Oasis Fixed assets- Freehold property Fixèd assets- Fixtures & fittings Fixed asseis- Other organisations land & buildings 2,100 318 17,678 28,451 173 39,826 140 18 2,642 300 483 3.427,573 87 2,100 318 3,506 {14,1721 14,172 33,310 75.933 173 14,390 547 40 2.642 354 672 3,427,573 ISY)) 37,6 7D7 1.000 60.885 12,2501 130DI 19501 28 867 1,413 813 1.224 177 262,619 262,619 3.782.408 74,996 139.060 13,500) 3,714,844 TOTAL FUNDS £3,927.848 £277,643 £320,148 £Nil £3,884,343 21 il n Hill Methodist Church Consolidatio Notes lo the Financial Statements forthe Year Ended 31 Au ust 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Total Funds 2024 Total Funds 2023 Unrestricted funds Restricted funds Fixed Assets CLsrrent Assets Current Liabilities 3.680.9D9 40,581 1321} 3,680,909 205,147 15.9911 3,681,024 257.685 154,3661 164,566 15,6701 £158,896 £3,721,169 £3,880,065 £3.884,343 Comp8rative figures for 2023 were as follows.. Total Funds 2023 Total Funds 2022 Unrestricted funds Resiricted funds Fixed Assets Current Assets Current Liabilitie5 3,681,024 69,205 135,3851 3.681.024 257,685 154,3661 3.681,201 256,5L)9 19,8621 188,480 118.9811 £169,499 £3,714,844 £3.884.343 £3,927,848 17. RELATED PARTY DISCLOSURES The￿ were no related party Éransactions for the year ended 31 August 2024. 22 rt)iton Hill Methodist Church Consolidation Detailed Statement of Financial Activities for the Year Ended 31 Au Ust 2024 18. INCOME AND ENDOWMENTS 2024 2023 Donations and legacies Collections DonatlOf15 Collections- Grfl aid Incomè tax reclaimed 4,625 14,184 71,577 17.445 2,306 39,685 76.714 18,688 107,831 137,393 other trading activltles Pholocopyinglother income Subscriptions 5,299 23.697 2,912 23,115 28,996 26,027 Investmènt Income Lettsng income Bank and other interest 134,973 4,429 109,292 3,931 139,402 113,223 Total Fncomlng resources £276,229 £276,643 23 Surbiton Hill Methodist Church Consolidalion Detailed Slalemenl of Financial Activities for the Year Ended 31 Au ust 2024 19. CHARITABLE EXPENDrruRE 2024 2023 EXPENDITURE Ralslng donatlons and legacles Property expenses Housekèeping and clèaning Property repairs and renewals 30,844 34,104 53,660 33,632 32,608 84,091 118,608 150,331 Charitable actlvltles Circuit assessment Outreach lo neighbourho¢xI Worship re50urc85 Youth and Junior church Music and choir Administratio Stationery & offico exp8ns8S Telephone Photocopier expenses Other expenses Depreciation Church organisations costs Grants to individuals 90,497 969 1,687 18,148 3,296 10,015 5.694 1,382 2,374 610 115 23,812 594 66,151 1,795 1,428 13,054 3,306 8,559 5,326 777 2,012 177 62.219 731 159,193 165,535