Charlty reglslration number: 1127642 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS for Ihe Year Ended 31 August 2024 Plymouth Melhodlst Central Hall Mlnlster Rev. Gareth Higgs (Resigned - 31 August 20241 Dlstrlct Chalr Rev. Dan Haylelt (Appointed - 1 September 20241 Lay Pastor Jonny Libby Circuit Stewards Nigel Morris Julie Morris PaLJI Courtney John Stophons Gill Rolle IRg8ignod 31 August 20241 (Resigned - 31 August 20241 Trea5uiei Dr lan Hodgins Plymouth Methodlst Cenlral Hall Page Trustees. Report lincluding reference and adminislralive d&lailsl Consolidated Statement ol financial activities Consolidated Balance Sheet Church Balance Sheet Notes lo the financial slalements 10-18 Declaration 19 Independent examiner's report 20 The following paggs do not form part of the consolidated financial stalemgnts Detailed Slalomenls ol financial aetivities Plymouth Melhodi$t Central Hall Truslegs, Annual Report Introductlon Tho Trustees have the pleasure in presenting their reporl and the financial slalemenls ol the charity lor thc ycar cndcd 31 Augu- Reference and admlnlstratlve Information Legal status The ollicial name ol the charity is Plymouth Methodist Central Hall. The charity's registration number is 1127642. The regislèrod addrèss is.. Easllake Street Plymouth PL11BA Methodist Churches are charities and as such are subject lo the provisions ol the Charities Act 2011 and the accounts have lo be prepared in line with the regLJlalions made Ljnder the Act. Public Benefit The Trustees confirm that they have complied with the duly in Section 17151 ol the 2011 Charities Act lo have due regard lo guidance published by ihe Charity Commission relating lo public benefit. The Trustees The Trustees who served the charity during the period were as follows: Rev. G Higgs A J Stephens V Jordan G Ro￿e N J Morris B Griffithe M Coutts P Courtney (Resigned 3118120241 l Hodgins D Baker A Morris (Resigned 3118120241 E Warren M Beswelherick K Bosw$thori¢k l Oboh H Robins (Resigned 3118120241 E CouGh C Sado P Horn C Hodgins (Resigned 3118120241 Z Haydon Treasurer IRogign8d 3118J20241 J Morris H Mitchell C Smith J M Stephens L Slewarl IResigned 3118120241 (Resigned 3118120241 Advisors Other relevant organisation$ acting on behalf ol the charity are as follows.. Bankers-. Lloyds TSB Bank PIC 8 Royal Parade Plymouth P11 1HB Plymoulh Methodlst Central Hall Trustees. Annual Report Solicitors Anthony Collins 76 King Street Manchester M2 4NH Accounlanls Prydis Accounis Lirniled The Parade Liskeard Cornwall PL14 6AF Oblectlves and actlvltles Objectives of the Charlty The objective ol the Church is to oller the love ol God in word and deed lo a11 those who will accept it. This is lo be achieved Ihrtsugh the documenl'Loeal Church Conslilulion and Practice,. Detsils ot related parties and Obje￿IVes. Plymouth Mathodist Central Hall has a quasi-subsidiary, PMCH Developments, the objective ol which is lo provide Evangelical Outreach in an informal atmosphere. 11 achieves this by op&raling a walk-in caf&leria, called the Discovery Calé. The Church IMII subsidise this operation il necessary. The Central Hall continues lo oller a broad sp8clrum ol weekly aclivilies, ranging from Parent and Toddler Groups lo Young Adutt groups, over and above those ol worship that lie al the heart ol Central Hall's ministry. Slruclure. governance and manaaement. Organl$atlonal Structure The Charity i- run from thc Mcthodibt Cgntral Hall, Ea- -tlake Street, Plymouth. The church is responsible lo the Plymouth Melhodisl Mission Circuit. members ol the Church Council, and are appointed annually with the Trustee meetings held three limes each year. Appointment of Trustees Trustees are apwinled al the Annual General Church Meeting. Rlsk management Under the terms ol the risk management policy adopted by the oharity, the strategic, operational and financial risks lo which the charity is exposed are evaluated on a continuing basis and appropriate systems pul into place lo mitigate any major risks idenlilied. The Trustees are satisfied that the policy ol continual monitoring ol potential risks to which the charity is exposed is sullicient to identify those risks on a lirnely basis and lo ensure Ihal the appropriate action may be taken so as to minimise the perceived risk lo an acceptable level. Plymouth Methodlst Central Hall Trustees. Annual Report Achievements and perfomiance This year Plymouth Methodist Cenlral I lall IPMCI 11, has Gontinued to seNe at the very heart of the commerGial, retail and sludenl life ol the city ol Plymouth. Much like the rest ol the cbly cenlre, PMCH has been open all day. every day Ihrciughoul the last year- exl&nding way beyond busy and vibrant Sunday worship which continues lo attract large congregations both in person and online. The Discovery Café and Plymouth Soft Play Calé being busSer than ever. weekly toddler groups continue lo see growir)g iiumbers. our Me55y Church has welcomed between 70-100 psople @ach month, with Friday night Youth Clubs, Family Game nights and weekly Blble sludles for both teenagers and adults all proving very popular. The building has been in conslanl use having established a reputation as a high-qualily city centre venue, hosting large numbers of events, conferences and concerts. We have also become the venue of choice lor many municipal events such as election polling slalion and vaccination centre due to our location and accessibility. In the last year, we have continued to focus our work around the areas established in Mission Action Plan and have been delighted lo see the church continue lo grow. We have been oncouraged to see many baptisms as well as people entering into membership ol the church. Al the end ol this year, we bid farewell to Rev Gareth Higgs as he left his role as Superintendent Minister al PMCH lo lake up a leaching role al Motsrland College. We have been greatly blessed to have Garelh, Laura and their family here in Plymouth lor the last 6 years and pray that God will continue lo bless them in their ministry. DLJring thi8 interregnum period, the south Weat Penin3ula Diatrict Chair, Rev Dan Haylott haa a33umed the role ol Superinlendenl Minister. Plymouth Methodist Central Hall Trustees. Annual Report Financlal Revlew Incorne We have be&n blessed lo receive strong income lo support our ongoing mission and ministry in the past year. Offerings continued lo increase along with the Gill Aid claimable on such donations. We also received grants from a range ol organisalions and charitable funds that &nabl8d us to grow our stall team and meet increasing employment costs. We are grateful lor the commitment ol several lunders in providing mulli-year funding which enableg us lo plan ahead. Income from rentals also increased with lull occupancy ol all available tènancies, settling of long-term leases and the growth in the hiring ol our church and ancillary spaces lor more events, concerts and conferences. Ex endilure Salarias were the largest expense in the year- we continu8d to k8èp pae8 thè M&thodisl Church's comrnilmenl lo the Living Wage, whilst also appointing a lull lime Operations & Finance Off icer and full lime Youth Worker. Both roles have received significant grant funding support and are therefore sustainable additions lo our expenditure. The cost ol Ljtilities increased significantly in the year due lo fixed arrangements coming lo an end and the church now adjusting lo the higher energy larills on the markel. Flepairs and maintenance to the church buildino continuèd al a hiqher level, rÈflectinq the onqoinq demands ol our busy building and the need lo continue lo carry our repairs in line with Quinquennial inspection reports. We are delighted lo have maintained our commitment lo tithing in the year. blessing other organisations and charities with financial assistance to further the work ol G<￿'S kingdom. Going concern Based on the monetary assets and human resource available al 31 August 2024, the Trustees believe that the church is a going concern. Investment policy In accordance with the charity's governing document the Trustees have the power lo invest funds in any investments that they see lit. The policy is to adopt a low risk strategy whilst maximising returns. The Trustees are satisfied with the performance ol the investments held and that the policy adopted reTnains adequate and appropriate. Plymouih Melhodist Central Hall Trustees. Annual Report Re$erves Pollcy The reserves policy lor the General Fund is as follows.. The church aims lo hold a reserve ol sufficient unreslricled and undesignaled funds lo cover six rnonlhs expenditure - approximately £150,000. The reasons lor this are:_ 11 The church needs approximately one month's average expenditure in reserve as working capital to cover normal running costs. 21 Maintenance costs, salaries and circuit assessmonts are spent in advance of being raised, hence the need lor a further five months reserve money. Actual unreslricled undesignated funds al the year end are £105.831 12023.. £124,783), ol which £105,831 is free reserves12023'. £124.7831. The Trustees will also continue to sel aside as designated funds such amounts 8$ are appropriatÈ to provide for all charitable requirernenls. Plons for future periods The Trustees do not expe¢l any ¢h2ng8s to tha charity's objectlV8s and ch3ritabl8 activitias in the forthcoming year, their aim will be lo continue lo provide an essential and valued seTvice in the communty. The annual report was approved by the Trustees of the Charity on L¥lilbi behalf by.. and signed on its Re Dan Haylett Trustee Dr l Hodgins Trustèe Plymouth Melhodist Central Hall Trustees, Annual Report Statement of Tru$lee$' Responslbllltles The Trustees are responsible lor preparing Ihe Trustees. Annual Report and the financial slalemenls in aGGordanG¢ with th¢ United Kingdom Accounting ￿￿tandardS (United lL, I IÈ L Y fvblLICLL Address ol Treasurer Presentation to the Church Councll I confirm that the annual report and accounts lor the year ended 31 August 2024 were, or will be, presented lo the meeting ol th8 Church Iruslees held on Signature ol the Ch I the meeting Name ol the Chair of the meeting Dat pfv￿ klkivLrr delete or cirele as appropriate 19 Independent Examiner's Report lo the Trustees of the Plymouth Methodist Central Hall I report lo the charity Trustees on my examillation ol the accounts ol the Group comprising the PlymoLJlh Methodist Central Hall Iihe Trust) and ils subsidiary undelakings lor the year ended 31 August 2024. Responsibilities and basis of reporl As the charity Iruslees of the Trust you are responsible lor the preparation of the accounts in accordance with the requirements ol the Charities Act 2011 llhe Act'l. I report in respect ot my examination ol the Trust's accounts carried out under Section 145 01 the 2011 Act and in carr5ring out my examination I have followed all the applicable directions given by the Charity Commission under section 14515llbl ol the Act. Independent examlner's statement Since thè Charity's gross income @xceeded £250,000 your èxaminèr must bè a mèmbèr of a body listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Institute ol Chart&red Accounlanls in England and Wales. which is one ol the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of the Trust as required by section 130 ol the Act., or 2. the accounts do not accord with those records-, or 3. the accounts do not comply with the applicable requirements ¢oncernino the lorrn and ¢onlenl ol accounts sel out in the Charities (Accounts and Reports) Regulations 2008 oiher than any requirenienl Ihat the accounts give a 'true and lair view whiGh 18 not a matter Gonsidered as part ol an independent examination. 4 the Iruslees, annual report is not consislenl with the accounts I have no concerns and have come across no other matters in connections with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding ol the accounts lo be Signed.. Dale.. Name.. Address: Gary Randall ACA Prydis Accounts Ltd The Parade Liskeard Cornwall PL14 6AF 20 Plymouth Melhodlst Central Hall for the Year Ended 31 August 2024 The following pages do not form part of the statulory consolidated financial statemenls. 21 PLYMOUTH METHODIST CENTRAL HALL DETAILED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2024 2024 2023 Income Offerings Grant Gilt Aid Gill day donations Solar Income Rental income Interest Reimbursetllents and sundry income YoLJth Work PMCH Developments Income from Church organisalions Soft Play CJFIS grant 110,587 49,254 30,532 14,043 6,647 153,313 2,473 8,162 2.377 218,762 75,095 21,000 103,624 24.500 29,451 20.448 140,453 1,466 4,714 4,152 192,639 75,556 20,500 Total Income 692,246 617,502 Direct charltable expendlture Youth Work Worship & evangelism Grants and donations Wages and salaries 9,705 5,319 30,048 284,898 32,484 5,390 10,241 33,205 8,853 7,435 31,488 202,303 15,946 9,318 8,710 33,439 4,876 75,400 1,530 9,649 4,471 Fiais Insurance Repairs and maintenance Repairs - commercial properly Circuit assessment Minibus Hire Cleaning Telephone and technology costs Postage and ￿tlY cash oxponditur Sundries and safeguarding Printing and stationary Bank Charges SWYM Expenditure lor church organisations PMCH Developments Depreciation of fixed assets Loss on Disposal 69,000 305 14,418 4,714 11,950 7,070 347 3,755 68,760 99,343 32,857 10,755 7.544 404 4,245 66,565 89,035 31,193 220 723.811 623,377 Management and adminlstratlon Accountancy and examination lees Professional lees 2,400 3,000 12,068 2,400 15,068 Total expenditure 726,211 638,445 Net surpluslldeficit) for the year 33.965 22 PLYMOUTH METHODIST CENTRAL HALL CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2024 2024 2023 Income Offerings Grant Gift Aid Gift day donations Solar Income Rental in¢ome Interest Reimbursements and sundry income Youth Work PMGH Developments Income from Church organisations Soll Play CJRS grant 110,587 49,254 30,532 14,043 6,647 153,313 2,473 8,162 2,377 4,920 75,095 21,000 103,624 24,500 29,451 20,448 140,453 1,486 4,714 4,152 4,720 75,556 20,500 Total Income 478N04 429,583 Dlrect charitablg exponditure Youth Work Worship & evangelism Grants and donations Wages and salaries 9,705 5,319 30,048 171,6 32,484 5.390 10,241 33,205 8,853 7,435 31,488 112,893 15,946 ,Ji 8,710 33,439 4,876 75,400 1.530 9,649 4,471 Fla15 Insurance Repairs and maintenance Repairs - commercial properly Circuit assessment Minibus Hire Cleaning Telephone and technology costs Postage and potty cash oxpendilure Sundries and safeguarding Printing and stationary Bank Charges SWYM Expenditure lor church organisalions Depreciation ol fixed assets Loss on Disposal 69,000 305 14,418 4.714 11,950 7,070 347 3,755 68,760 26,403 10.755 7,544 404 4,245 66,565 27,901 220 504,799 441640 Management and administratlon Accountancy and examination lees Profossional lees 2,400 3.000 12,068 2,400 15.068 Total expenditure 507,199 456,708 Net surplusl{deflcltl for the year 28,795) 127,126 23