STRATFORD METHODIST CHURCH ANNUAL REPORT AND ACCOUNTS 202412025 CHARITY REGISTRATION NUMBER- 1127618 . mAYFORYTr MrnIODT*r IIIMlillfv. Illllllllllllilffl rr FOR THE YEAR ENDING ST 31 . AUGUST 2025
TABLE OF CONTENTS Page 1. Introduction and Mission Statement 2. Stewards Report 3. Wesley House Report 4. Property Report 5. Community Centre 6. Sunday School 7. Church Choir Chairperson Report 9. Reserve Policy 10. Referen and Administrative information 11. Responsibilities of Trustees 12. Independent Examiners Report 13. Summary of Annual Accounts 14. Notes to accounts 12 14 15 17
STRATFORD METHODIST CHURCH ANNUAL REPORT 202412025 TRUSTEES ANNUAL REPORT Introduction Slralford Methodist church is part of the Methodist Church of Great Britain, situated wilhin the Newham Circuit of churches. The Church registered, as a Charity on 20th January 2009. The Charity consliluted according to Standing Order 610 of the Constitutional Practice and Discipline of the Methodist church. The managing trustees form the Church Council, which meets quarterly. The following Committees meets and report to Church Council.. Community Cenlre, Welfaro. Stewards, Pastoral. Finance and Property, Worship and Youth and Adult committees. This is the sixteenth years of our registration as a charity. Misslon Statement of Stratford Methodlst Church The mission statement ofthe Methodist Church as a whole is sum up in the documenl 'Our Calling,. 'The calling of the Methodisl Church is to respond to the gospel of God in Christ and to live out its discipleship in worship and mission" Worship is about- Recognising God's sovereignty over all things and responding in praise. song and prayer Becoming open to God's transforming love. through the Holy Spirit Receiving and reflecting on the Gospel of Christ in our world today Offering ourselves to share in God's costly action in the world Mission consists of.. Telling the good news of Jesus Helping people to recognise the calling of God in their lives Living our discipleship in our world Caring for individual people and communitiès Sharing the task of education and social and spiritual development Struggling for a just world and in the meantime being alongside 'the poor, Becoming friends with people of different cultures and faiths Caring for the earth Building partnerships with other churches and other groups who share our mission aims.
Specific aspects of misslon at Stratford Methodist Church: To enable our values to be reali5ed through our community work, the provision of services, i.e. for the elderly and parents and toddlers, the letting of rooms for community and nursery use, providing volunteering opportunities and pastoral care for local people. providing space for other churches to worship. To offer support arid friendship to the staff and volunteers To support and become involved in the work of TELCO, which works towards justice in Easl London To provide a benevolent fund for people who are in particular need. To be aware of world and local issues and respond with God's love To build up our links with other churches in the neighbourhood To encourage people to experience Methodist worship To encourage church attendance and membership by example REVIEW OF PROGRESS AND ACHIEVEMENTS STEWARDS REPORT It's with the greatest sadness to report of the death of our beloved senior steward Mr Sam Agyeman Mensah, whose sad dealh occurred on the 25th February 2025. He was given a fitting burial in his hometown in Ghana which was attended by some of the stewards.There has not been any fundamental change in the number of stewards. As it stands, there are ten (10) door stewards with other church members serving in various steward roles. Christian Takyi was accepted as a steward and recommended to the Circuit to be trained as a lay preacher. We wish him the very best in his pursuit to become a qualified lay preacher. During the year, stewards held two (2) meetings with Reverend Elizabeth Osei in the ¢hair. We discussed matters affecting the church and ways to improve the smooth running of the church. One area that was generally acoepted as needing improvementwas communication beeen the Minister and stewards. We wish to express our sincere gratitude to Eslher Ogunniyi for Ihe work that she did during her lenure as the newsletter producer. She laid down the groundwork for the production of the
newsletter which has since grown from strength to strength. The congregation should be encouraged to place their prayer request in the envelope pinned to the notice board. Door stewards are reminded to adhere to the rota and should inform the senior steward in advance if they are unable to fulfil their duly so that a replacement could be found in good time The stewards would like to encourage the congregation lo support visiting preachers and continue to show their appreciation at the end of the service by thanking the preacher. Many thanks to all the stewards for their selfless devotion and contributions lo the smooth running of the church. WESLEY HOUSE We have continued our partnership with Just Homes (who are responsible for managing Wesley House) over the past 12 month5 and have worked together to respond in a timely manner to issues arising. The full occupancy level has been maintained throughout the whole period due to the high demand for such accommodation with the borough of Newham, and Just Homes have continued to provide vital accommodation to men sleeping on the street and parks around the Stralford area. The renewing ofthe license agreement between the Church and Just Homes was completed, and this gives both parties the assurance and security lo plan for the next 5 years. Our partnership remains strong, as Just Homes are up to date in settling all issued invoices. along with passing on to us the funding increase allocated to them by the local authority, as per our license agreemenl. General maintenance has continued without any major issues with the property. However. the replacement of the heating system is the next major renovation project to be completed within the next 12 month5, as the current is very inefficient. The upgrade will result in changing th6 boiler system, some of the pipework, and the radiators within the room. resulting in a lack of access to heating for a period. Therefore, Ihis will be scheduled for the summer months. As part from the major renovation. a renewing ofthe paInOrk along the communal area and external parts of the building may be required as its been over 8 years since the last major renovation.
Fin811y, we continue to give God the glory for suslaining this partneTship and pray for favour daily for it to grow and change the lives of those accessing the services provided. PROPERTY REPORT Carried out 5-year inspection of electricity (EICR) {Jan 251- A range electrical work completed - replacing electrical sockets, light fittings and light sensor fitted in rooflloft area Replace and decorated kitchen next David Lapworth Hall (DLHI. David Lapworth Hall (DLHI decorated. Replace a faulty emergency light. All boilers were serviced and safety certificates issued {Nov 24). Repairs carried out on a113 boilers. High power electrical heaters purchase lo assist heating in the main hall. Upgrade stage lightings lo LED lights. Carried out general repairs of main hall windows. Painted external window at front of main hall. Check and clear guttering and replace broken roof tiles at edge entrance to main hall. The Inez Reid lounge decorated. Corridor areas in community centre decorated. Disabled toilet decorated. Melal wardrobes purchase for storage of choir robes. Future Plan works over the next- 12 months Refurbish and decorate main hall - work starting 4th August. Replace all boilers - Quote obtained (Church Council approval needed)- Replace pipework & radiators at Wesly House - Quote obtained. Quote obtained to replace carpel in the church. Change magazine holder rack nextlo entrance to community centre. Carry out the fire alarm. smoke deteOrS, emeigen¢y lighting annual inspection and safety checks. Carry out the annual safely check electrical items (PAT- Testing). Carry out the fire extinguishers annual check and setvice. Look into changing the noticeboard next to front entrance of the church. Look into repairing church pews or replaoing pews with removal chairs, this requires o going church council discussions. Look into changing church PA syslem and Revisit Quinquennial (2021).
BRYAN STREET COMMUNITY CENTRE Overview The Church and Community Centre continue to operate effectively, experiencing a steady increase in daily enquiries, for which we are grateful. While regular users have largely remained consistent, one has reduced their usage by 500/0, and another has ceased using the premisgs entirely. Actlvities and Booklngs Food Bank.. The food bank, operated by Sphere, has vacated the centre and relocated to a facility near Stratford Station. Regular Clubs.. The Karate Club. Line Dancing Club, Thursday Lunch Club, and the monthly Chinese Lunch Club remain well-attended and continue to perform successfully. Rotary Club-. Following a request from Joy, The Newham Rotary Club has been utilising the centre on a monthly and bimonthly basis over the past 12 months. Worshipping Congregations.. Seven licensed churches currently use the premises for worship.. Fountain of Blessing Church, The Great Commission Church, Sion Church, London City Chapel Church. Assembly of God Church, The Way of Holiness End Time Ministry, and The Church of Pentecost {which commenced use this year). Additionally, one unlicensed church use the premises on a pay-as-you-use basis. Revenue generated from these bookings currently exceeds £106.000. Volunteer Recrultment We urgently seek volunteers to assisl at the community centre during weekdays and weekends, as their support greatly benefits operations. Ongoing Tasks Assisting Dorothy and Amy on Thursdays. Securing volunteers for the monthly table-top sale. Replacing the church carpet using donated funds, or deep cleaning the existing carpel. as well as procuring a new lectern. Facilitating both short-term and long-term volunteering opportunities at the centre. Reviewing insurance policies. safeguarding protocols, and personnel records for all users. Flnancial and Security Updates Booking Rates & Fee Increase.. Our current hiring rates remain lower than those of comparable local venues. Accordingly, the management team has implemented an agreed 5 % increase in licensee fees. Although this increase is below the current market rale. the team deems il appropriate for the time being and it will be reviewed next year. Security.. One security breach has occurred within the last 12 months. The situation continues to be closely monitored.
Faclllties and Malntenance The main hall has been repainted. The mural will be restored following consultation with the Church and Community. The hall floor has been polished as planned. Users experienced minimal disruption following prior notification. One-off bookings have remained stable, and encouraging. Long-Term Objectives112-46 Month5) Maximise the utilisation of our buildings in alignment with their intended purpose. Explore the feasibility of developing the upper section of the main hall and replacing the roof, pending the outcome of a feasibility study. Following the successful transition of ulilily service providers and systems, we aim to upgrade the heating systems. particularly in the main hall and redecorate the minister office. Acknowledgments The management team extends its sincere gratitude to Amy, Dorothy, Hong Nio, Jason, and Stuart for their assistance in the daily operations of the centre and church, as well as to Chris and Sue for their ongoing support of the monthly table-top sales. Stralford Methodist Church & Bryant Street Community Centre Management Team SUNDAY SCHOOL REPORT Stratford (Bryant Street) Methodist church have a Sunday school session, during our Service 111.00 - 12.30pml. Where the children leave the main church at about 11.20am and return towards the end service lo share what they have learnt during Sunday school. The age range is from 3 - 16 years old, where the children could work in groups or work all together on a variety activity. We use a variety of resources - Roots magazine, Sermon 4 kids and selection activities selected from the internet. We have 3 dedicated and hardworking Sunday teachers who fun variety of activities every Sunday to help our children learn more about GodlJesus and about been a Christian in a fun and exciting way.
CHURCH CHOIR The Stratford Methodist Choir was originally formed under the leadership of the Reverend Claude. Following his transfer lo the Archway Methodist Church, the choir entered a period of inactivity. However, recognizing the need for ministry through music, congregation member Calalina proposed reviving the choir. With the enlhusiaslic approval of the Church Trustees. the Stratford Methodist Choir was officially rebom in March 2023. Cholr Executlve Commlttee Choir Leader: Isaac Ankomah. Cholr Secretary: Elizabeth Simpson Treasurer: Amy Fisher. Curator: Afia Sarpong Welfare Official: Vida Agyepong Patron: Rev. Elizabeth Osei Choir Practice Every Sunday moming at 10.'30 AM (prior lo the main church seNice).The Choir Leader shares the week's hymns in advance so members can practice at home. Members stay connected and receive updates via the choirfs dedicaled WhalsApp group. Sunday Robing Schedule The choir proudly wears their robes on first Sunday of every month, Holy Communion services and Special church occasions. Membership Overview We currently have 21 registered members, beautifully comprised of 17 ladies and 4 men. Expressions of Gratitude The members of the Strafford Methodist Choir wish to extend their heartfelt thanks to the Trustees of the Stratford Methodist Church. We are deeply grateful for the designated space provided within the order of service. as well as the beautiful new choir robes purchased by the church. These robes were officially dedicated by Rev. EIEabeth Osei in Seplember 2025. An Appeal for Male Chorlsters The executive team is making a special appeal for more men to join our ranks. Please contact our Choir Secretary. Mrs. Elizabeth Simpson. Conelusion A charge lo keep Ihc7Ve, A God to glorify, A never-dying soul io save, Andfit ilfor the sky.
CHAIRPERSON'S REPORT Glory be to God our Father in Christ Jesus for His grace and love for us all. As my ministry here in Stratford Methodist Church and in the Newham Circuit DRAWS near to the end, I wish to say a Big thank you to all the members of the Church., especially the Stewards., Treasurer- Finance Committee, Church Council Secretary, Sunday School teachers, Centre Committee, and all the various Committee members who have supported and helped to make the Church flourish. In the year gone, the church saw a steady growth of Church attendance and membership the formation of the Men's Fellowship. That has been encouraging and we give thanks to God. CHURCH FINANCE.. Our finances have been steady and good due to the able and hardworking Financial Committee under the leadership of Isaac our Church treasurer. SPIRITUAL GROWTH: We have had times a week Bible studies, morning and evening on Wednesdays, and they have been well attended. We often engaged in deep spiritual conversations where people shared ideas and gave lestimonies of God's responses to various needs of people.The Church has also grown and taken on Pastoral care roles to connect to members ensuring Iheir wellbeing. SERVICE TO THE COMMUNITY The church joined other Faith Leaders to share the Christian Faith thTough Failh in Schools and School Assemblies by the Minister. We are part ofTransform Newham comprising of Ecumenical Faith Leaders. The group met together once a month to share the word of God and prayed for one another and each church for God's direction in His Vineyard and the Borough of Newham. Stratford Methodist periodically met with the Police Recruits to share the Chrisli2n Fain and asked questions about God and His Work in the world through the Police Liaison Faith Officer. At one stage the Minister was called upon by the Police to go to the Docks to pray and share the comforting Word of God at a crucial time when a young teen age girl got drowned in the River
Thames and her body never found. The Church participated in the Civic Carols Service where those in authority within the Borough were invited and prayed for God to guide and guard them in the decisions they mako. Again, we took part in 'SHINE YOUR LIGHT'and th6 Christmas Caro15 in the Westfield Shopping Centre. USE OF THE CHURCH BUILDING WITH THE COMMUNITY CENTRE Under the efficient management of the Centre Team, various groups and individuals from the community come to hire our premises for teaching, Funerals, Wedding5 Birthdays, and other functions and Worship. The monies paid for hiring the place including that of Just Homes, help to maintain and repair the building and pay bills lo keep the building going to enable people to use the various halls.our Church Assessment5 to the District are also paid from the renting. People come along to participate in the Church's TABLE TOP SALES. and that is well promoted and attended. We have volunleers who are so helpful. and rnost of the time find time lo help when called upon. We value and say a big thank you to everyone who help and support the Church for God's work to Ilourish. SAD NEWS: In all things Scripture Urges God's people to give thanks because we have hope that Ihey are with our Saviour Jesus Christ. It was very sad to lose some of our church family members especially Uncle Sam Agyeman Mensah and Mr Chris and others. May Iheir Souls rest in peace with our Lord Jesus Christ. May God bless the Church members and all those whose come through our doors. The Pea of Christ Jesus be with you all. Rev'd Elizabeth Osei Stratford Methodist Church. Chairperson
ANNUAL FINANCIAL REVIEW Full details of the results for the year are shown in the Statement of Financial Activities on page 15 and Balance Sheet 16, and they are further analysed on pages 17-19 RESERVES POLICY We submit our annual report in accordance with the requirements of the Methodist Conference and the Charity Commission guidance in CC19. The trustees have established their mission aims taking into account all of the resources available in terms of people, property and money Mission initiativeslprojects have been costed or estimates made of projected future costs, which take into account the needs of the buildings and the requirements of the Quinquennial Inspection Reportls. We have agreed a Reserves Policy, which is set out below and recorded in the trustees, minutes and our Annual Report We recognise the need to be accountable as charity trustees for all the money, which comes into our hands and will provide further information as required by the Church Council A structure for the risk-based assessment of the free reserve's requirement set by the Stratford Methodist Church Trustees. This sets the target free reserves of £400,000. This level was calculated taking into account the amount considered to be needed to enable the charity to fulfil its existing financial obligations and to future financial obligations, arising from the loss of tenants or indeterminate risks could be met. In this report for the year ended 31 August 2025 the Church Council acknowledged that free reserves were below: At 31 st August 2025, Stratford Methodist Church had total cash reserves of £429,322 -10-
These funds were held in the following account: Central Finance Board Cash at BaI and in hand £414,694 £ 14628 Total £429 322 General Church Funds from the Church and the Community Centre are for paying annual assessments to Newham Methodist Circuit of (£40,000 per annum) and to pay maintenance and repair costs of a large building complex which is heavily used for community activities. Community Centre pays for expenses of running the Community Centre and unexpected loss of income from user groups. We aim to have a cash reserve of £480,000 for the Church and for the Community Centre. We currently have about £429,322 in our total reserve and we need a further £50,578 to achieve our target of reserve. The reserve will cover the six months operating expense and start working through projects which have been approved by the Church Council. 'We arefollowers ofJesus Chrisl, and we seek io enter into his ihinking abouf wealih and ils place ip7 our lifg andacrions boik individually and colleclively. contin01/Y looki)?g fo see if il is producing rhe frilil of ihe Spirit and the signs of ihe Kingdom. H(lg a sense ofgratiiude io Godfor the resources entrusted fo us. Applying wisdom in being goodstewards ofall resozLrces. DeepeAs a sensg of inul in God s ability lo providefor our needts rather ihan depending upon our owpl sense offip7ancial sgcurity. Sustaining u spiril ofmulual care and ihe sharing ofresources with one another. Beingfairhful in using our resources in ways ihal rele newpossibilities and care for those who minister on our behpLIf." Siewfirdship Netsvork GoodPrttelice Guide. Christian Stewfirdship Network -11-
Reference and Administrative information CHARITY REGISTRATION NUMBER- 1127618 Officers: Chairperson-Rev Elizabeth Owusu Osei WEBSITE www.bryantstreetmethodist.org.uk E-mail-slratfordmethodistchurch@gmail.com Treasurer-lsaac Ankomah Secretary- Denise Sandra Walker Managing Trustees: Rev Asif Karam Rev Elizabeth Owusu Osei Rev Paul Regan Mr Isaac Ankomah Mrs Denise Sandra Walker Mrs Tina Agyeman-mensah Mrs Margaret Marfo Mr. Samuel Agyeman-mensah Miss. Hong Nio Ho Mrs. Bernice Johnson Mr. Edmond Simpson Ms. Gloria Thomas Mr. Eric Walker Mr. Atto Saah Ms, Dorothy Duddy Mr. Jones Agyeman From 1st September 2019 From 1st September 2016 From 1st January 2009 From 1st January 2009 From 1st January 2009 From 1st January 2009 From 1st January 2009 From 1st January 2009 From 1st January 2009 From 1st January 2009 From1st January 2009 From 1st January 2009 From 1st January 2009 From 16th June 2017 From 13 August 2017 From 1¥1 May 2019 Registered Address: stratford Methodist Church Bryant Street Stratford London E154RU Custodian Trustees Trustees for Methodist Church Purposes Central Buildings Oldham street Manchester Ml 1JQ Bankers: HSBC 8 Victoria Street Westminster London SW1H ONJ Investment Managers Central Finance Board of Methodist Church Methodist Church House 25 Tavistock Place London WC1H 9SF Independent Examlner Glory Community Accounting Services 318 Barking Road London E13 8HL -12-
RESPONSIBILITIES OF THE TRUSTEES The Charity Trustees have responsibilities lo prepare financial statements for each financial year which give a true and fair view of Ihe state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure. for the financial year. In preparing those financial slalemenls, the trustees should follow best practice and.. select suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent., and prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis The trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity Law. Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees and signed on their behalf by.. Rev Elizabeth Owusu Osei (Chairperson) Isaac Ankomah (Treasurer) Date... Mrs Denise Sandra Walker (Secretary) Jjll 1.11 •nbftD.I -13-
Inde endent Examlners Re ort to the Trustees of Stratford Methodist Church I report on the attached Financial Statements for Ihe year ended 31 August 2025, which are set on pages 15 to 19 and have been prepared on an accrual basis. Respective responsibilities of Management Committee and Examiner.. The Charity's trustees are responsible for the preparation of the accounts. The Charily's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination needed. It is my responsibility to.. examine the accounls under section 145 of the Charities Act,. o to follow the procedures laid down in the general directions given by the Charity Commission under section 145{51(b) of the Charities Act, and to stale whether particular matters have come to my attention. Basis of Independent Examiner's Statement.. My examination carried out in aecordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.11 also includes consideration of any unusual items or disclosures in the accounls. and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence thal would be required in an audit. inconsequently no opinion is given as lo whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent Examiner's Statement.. In connection with my examination, no material matters have come to my attention. which gNes me cause to believe that in, any material respect.. Accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Hasina Jahan (M Com, DFT, MAAT, MBA) Glory Community Accounting Services 318 Barking Road London E13 8HL Glory Community Aceouitillg Suvi 318 rkIll8 Rd tA)ndo• EIJ 8HL -14-
Summary of Annual Accounts 202412025 These are sui)Ynary accounts and may not contain sufficient information for a full UnderstandEng of the charity'5 financial affairs. A copy of the full annual a¢¢ounts is available from our registered address on request Statemgnt of Financial Actlvities for tho Year End&d 31st August 2025 2025 2025 2025 2024 Unrestrlcted Funds Restricted Funds Total Total Income Income from Charitabl8 Actniilies121 Investment Income (Bank Interest} 201.881 17,244 201,881 190.873 17,027 Total Income 219 124 219,124 207,900 enditurg Expenditure on Charitabl& Aclivitias 131 184,411 184,411 149,875 Total Expenditure 184,411 149 875 Nel Income I (Expendilurel 34,713 34,713 58,025 Total Funds Brought fOard 2.193.310 2,193.310 2,135,285 Total Funds Carri6d forward 2.228.023 2 228,023 2.193.310 -15-
Balance Shget as at 315t August 2025 2025 2024 Tan ible & Fixèd Assèts Church Building 1,800,000 1,800,000 Current Assets Cash at bank and in hand 429,322 388,210 Debtors and Pre-payment Total Currant A3s0ts 429,322 395.210 Current Liabllities Creditors and accruals (due in under 1 yearl 1.300 1,900 Net Current Assat8 428022 393,310 Total Assets less Current liabilities 2 228 022 2 193 310 Total Net Assets I ILiabilltl&$) 2,228.022 2,193,310 Funds and Roserv•s Unrestricted Fund 2,228,022 2,193.310 Reslricled Fund 2.228 022 2 193.310 Approved by the Management Committge and signed on its behalf by.. Rev Elizabeth Owusu Osei (Chairperson) saac Ankomah (Treasurer) Dale.. -16-
Notes on the Statement of Financial Activities and Balance Sheet for tbe year ended 31August 2025 l. Accounting Policies (a) Format of the Financial Statements Aeeounting framework and #ccouotlng policie5 1.1 Accountlng framework The financial slalements have been prepared under the Charities Act 2011 in accordance with the 2014 version of Accounting and Reporting by Chanlies.. Statemenl of Recommended Praclicg (SORP) applicable to charities preparing their accounts in accordanc6 with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective from 1 January 2019) (the Charities SORP (FRS 102) as amended by Update Bulletin 1} - in replacement for the SORP'S 2005 version specified in its related 2008. Regulations and in accordance with the 'True and fair override. provision contained therein. 1.2 Publlc beneflt entity The Stratford Methodist Church definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting policy note{s) below. 1.3 Basls These accounts have been prepared on the basis of historical cost to show a true and fair view of the stratford Methodist Church financial position and activiti@s. 1.4 Content The financial information presented 15 relevant, reliable. comparable and complete. The accounts were expressed in Sterling, rounded lo the nearesl pound. 1.5 Going concorn Based on the monetary assets and human resources available and the trustees believe that the Church is a going concern. 1.6 Unrestricted Funds Unrestricted funds are income from Sunday Collection. lellings from Just Homes and Community Centre, donations and other activities 1.7 Restricted Funds Reslricled funds are grant for specific purposes which are recognised in the Statement of Financial Activities in the year received. -17-
1.8 Consolldation The Church oversees the work of Community Cenlre and for this reason, the financial statements of the Church is the consolidation of the Church, Community Centre and the income from Just Homes. 1.9 Income recognition Income is brought into account when it is more likely than not that the economic benefit of the income will accrue. Income is generated from offerings tax recoverable, donations, contributions for use of the premises and fiom Jusl Homes 1.10 Expenditure This is recognised when a liability is incurred, or a constructive obligation arises, thal results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligalion committing the district to pay out resources. Expenditure is recognised in the year in which liabililies are incurred. 1.11 Receivables and Payables. Bank and Cash Debtor5 are stated at the amounts pre-paid Newham Cir¢uit as part of our assessment and Creditor is the fee for the independent account's examiner. The liquid funds of bank balances and deposit accounts balance wtih CFB. 1.12 Tangible Flxed Assets This year a value for the church premises remains the Same as the previous year. There has not been any deprecialion provided or revaluation done. The figure is based on the insured value of the buildings 2. Income from Charitable Actlvities 2025 2025 2025 2024 Unrestricted Funds Restricted Funds Total Totsl Offering And Tax Recoverable Lettings 35,706 166,175 35.706 166,175 35,025 155,848 Total 201.881 201,881 190,873 -18-
- Expendlture on Charltable Activities 2025 2025 2025 2024 Unre5trletsd Fund$ Roslrlcted Funds Total Total Circuit Assessment of Sharès Repairs and Maintenancè Insurance 36,120 80,044 4.219 20,021 19.906 14,052 10,049 36,120 80.044 4,219 20,021 19,9rk8 14.052 10,049 37,320 30.620 4,110 28,798 13,757 13,270 22.000 Other Expènditure Support & Governance Cost (Notès 41 Donation lo Nawharn Circuit Total 184,411 184.411 149,875
- Support & Govemanee Cost 2025 2025 2025 2024 Unre8trleted Funds Restrtcted Funds Total Total Staff Cost Ac¢ountancy fee 12.752 1,300 12,752 1,300 11,970 1,300 Total 14,052 14,052 13,270
- Debtors and Pr8paymènts 2025 2025 2025 2024 VArtrIcted Fund¥ Rgstrlcted Funds Total Total Pr8-paymenl lo Methodist Circuit 7,000 Total 7,000 Croditor 2025 2025 2025 2024 Unrèstrlct•d Fund5 Restricted Funds Accountancy fèe Assessment Total Totsl 1.300 Total 1,300 600 1.300 1,300 1,300 1,900 -19-