Charity registration number: 1127842 THE METHODIST CHURCH STANDARO FORM OF ACCOUNTS ACCRUALS BASIS for th• Year Endod 31 Augu$t 2025 Plymouth Methodlst Contral Hall Minister District Chair Rev. Dan Haylett (Appointed 1 September 20241 Lay Pastor Jonny Libby Clrcult Stsward8 Nigel Morris Julie Morris Paul Courtney Brian Wesllake Saoh Chooi Catherine Hodgins Treasurer Dr lan Hodgin$
Plymouth M?thodi6t Contral Hall Page Trustees, Report linduding reference and adminislrativo datsilsl Consolidated Statement of finanlial actiwlies Consolidated Balance Sheet Church Balance Sheet Notes to the financial statements 10-18 DecL2ration 19 Independent exaMinS report 20 The following pages do not fomi part of tho consolidated financlal statoments Detailed Statements of financial activities 21-23
Plymouth Mèthodist Central Hall Trustees. Annual Report Introdu¢tlon The Trustees have the pleasure in presenting their report and the financial statements of the charty for the year ended 31 August 2025. Refor¢n¢e and •dmlni*trthtiY• information Lègal status The official nam¢ of the charity is Ply)nouth Methodist Central Hall. The charWs registration number i8 1127642. The registered addres8 18.. Eastlake Street Plyrnouth PL1 1BA Molhodisl Churches a charities and as such are subject lo the provisions of the Charities Act 2011 and the accounts have lo be prepared in line with the regulats'ons made under the Act. Publi¢ Benerrt The Tru5tee5 confirm that they have complied with the duly in Section 17151 of the 2011 Cmarilies Act lo have due regard to guidance published by the Charty Commission relating lo publ benefft. The Trustees Tho TDJsteas vho sarved the ch8rfty during Ihe period were as follows.. L Stewart A J Stephen8 V Jordan C Smith N J Morris B Griffilhs M Coutt3 P Courtney C Hodgin5 J Morris H Mitcho11 E Couch H Robins l Hodgins D Baker A Morris E Warren M Beswelharick P Horn l Oboh S Chooi H Franklin Dr D E Haylett V Graham B Wesllak9 C Gill Treasuror Appointed 11912024 Appointed 11912024 Appointed 11912024 )pointod 1W2024 Appointod 11912024 Appointed 11112025 Advisors Othei relevant organi5alions acting on behaw of the charity are as follows.. Bankers.. Lloyd5 TSB Bank PIC 8 Royal Parade Plymouth P11 1HB
Plymouth Methodist Central Hall Trusts•s' Annual Report Solicitors Anthony Collins 76 King Street Manchester M2 4NH Accountants Prydls A¢nIS Limited The Parade Liskeard Cornwall PL14 6AF Objectiv8s and activ1¢# ObjectFves of the Charity The objectsve of the Ghurch is lo offer the love of God in word and deed lo all th08e who will accept it. This is lo be achieved through the documenl'Local Church Constitution 8nd Pra¢tk8'. Detai15 of relatod partles and obJ8ctlvo$. Plymouth Melhodisl Central Hall has a qua$SUbS1dlary, PMCH Developments, the objective of which is to provide Evangelical Outreach in an informal atmosphere. 11 achieves this by operatin9 a walk-in Cafeteria, called the Discovery Café. The Church wll subsidise this operation if necessary. The Central Hall continues to offer a broad spectrum of weekly aclNitie8. ranging from Parent and Toddler Groups lo Young Adult groups, over and abovg those of worshlp Ihallo at the heart of Central Hall's ministry. Stru¢tur•, gov8man¢• and manag•m•nL Organi¥atttinal Stwcturo Thè Charity is run from the Methodi51 Central Hall. Easllake Street, Plymouth. The church 15 responsible to the Plymouth Methodist Mission Circuit. The goveming document of the charity 15 the Constitution of the Church Council. Thg TfU51ees are the members of the Church Council, and are appointed annually with the Trustee meetings hekl three limes ¢ach year. Appolntm8nt of Trusts•$ Trustee8 are appointed at the Annual General Church Meeting. Rlsk managemgnt Undei the terms of the risk management policy adopted by the charty, the strategic, operational and finanaal risks to which the ¢harity is exposed are evaluated on a continuing basis and appropriate Systems put into place to mitigate any rnajor risks identified. The Trustees are satisfied that the policy of nIlnUal monltoring of polenlial rkS to whiGh the chaiity is exposed is 3uffI[ent to identify th03e risks on a timely basi5 and lo ensure that the appropriate action may bg taken $0 as lo minimise the percewed risk to an acceptable level.
PIyTnouth Methodist Centrnl Hall Tru$ts•s' Annual R•port Achievemènts and perloTman¢e This yaar, Ptyrnoulh Methodist Central Hall IPMCHI has conlinuad to b8 a welcoming psence at the haart of Plymoulh's cty centre, sharin9 in the everyday lrfe of the shoppers, workers. families, and students. Like much ofthe City cenlre, PMCH has been open and active every day of the year. Our lrfe 109elher extends far beyond Sunday worship, which remains joyful and well allended both in person and online, and continues to be a focal point for our church MmunIty. Thg Di%¢overy Café and Plymouth Soft Play Calé continue to flourish as warm, welo)ming space5 whore people of all generations can connect. Our weekly toddler groups are Steadily growng and remain a real support and encouragement to local families. Messy Church is not simply an activity but a valued expression of church lrfe, faithfully gatherinu 70-1QO people each month for worship, creativty. and leaming together in an accessible way. Alongside this, our teenage community is Ihriwng, both in numbers and in commitment, with Friday yOLth dubs, and weekty Bible studies showing a depth of engagement and enthusiasm that is deepty encouraging. Our building has rarely been quiet. PMCH is now widely COgnised as 8 trusted and high-quality cty-¢enlre venue. hosting a wide range ol concerts, conferences, university and community events. Ils central location and cessibility also maan il serves the wder cty through CMC US8s including health initiatives. Throughoul the year, we have kept our focus on the prKJrilies in our Mission Action Plan and have been en¢ouraged to See stoady 9rowth in lh¢ Irf¢ of Ihg church. It has be¢n a particularjoy to celebrdte balSMS and to welcome new members into our fellowship. We are grateful for the stsady support and guidance of D8n Hafjtt during this interregnum period. His ongoin9 oversight, wisdom. and pastoral care have provided reassurance and continuity, and we deeply 8pprec4ale th¢ time and comrnilment he has gwen to PMCH Whi we joumtsy through this season logglhgr. We would also like to express our hearttef£ thanks to Jonny Libby, who as pastor has 9enerousty taken on the responsitx'lty of 0r$eeing the church during this challenging period beeen ministers. His faithful leadership, calm presence, and servanl-hearted commitment have been a great encouragement to the congregation. Jonnys willingness lo cairy additional sponSIbl1fy during this time has helped sustsin the lrfe and direction of the church. an we are deeply grateful for his ministry among us. Above ell. we arc thankful for thc mAny pcoplc who wolk through our dooru caoh week whother for worship, friendship, support, or simply a cup of coffee and for the sense that PMCH continues lo be a place of welo)me, community, and hope in the centre of the city.
Ptymouth Mthodlst Certhl Hall Trustses. Annual Report Financial Roviaw Incom Over the past year. we have continued lo be deep thankful for th& generosty that Sustains the lrfe, Ms1On, and mini6¢ry of tha ¢huroh. Ovcrall incomc rcmatncd -tron9, providirn9 a scoure foundotion trom whioh wc ha been able lo maintain existing actwrties and continue to develop our work. Congregational giving showed steady and encouraging growth throughout the year, reflecting the ongoirrfJ commitment of mernbers and friends ofthe church. Alongside this, we benefited from grants awarded by a range of org8nisalions and charitable trusts. These grantg have been insliumentsl in 5UPPOrting the expansion of our stsff team and in helping lo meet In¢8$7n9 employment ¢051s. We are especialty grateful lo those funders who have committed to multi-year funding, as this provides financial stability enables more confident planning for the future. Rental income continued to forrn a swjnificanl and reliable part of our overall income. This was supported by full occup3ncy across all available tanancigs and the stability of settled arrangomenls. In addon. income was lurther strengthened by the continued growth in tha use of our church and ancillary spaces for a wido range of activrties, including events, con¢erts, and confarances, relecting the buikling's incrgasing role as a valued mmunity resource. Staffing costs remained the larg¢st area of expendilurg during Ihg y¢ar. Wo continued to honour the Mgthodisl Church's commitment lo the Liing Wa9e, while also appoinlirig a fulktime Operation5 & Finance Officer and full-lime Youth Worker. Both roles are supported by 5ubstsnlial grant funding. and as su¢h represent sustsinable and carefulty planned addOn$ lo our ongoing expenditure, strengthening both the operational resilience 3nd missional capaaty of the thur¢h. Utility $1$ fell during the year. reflecting a successful change of suppliors aloThJside more efficient and mindful use of soUrCeS across the building. Circ#Jil as$es$menl oJ$ts al$9 reijuced, refiecting the current absence of a resident superintendent mlni81èr. Expermlrture on repairs and Maintenan continued lo remain al an elev81ed level. This refiects the heavy and Vari us• of our buildings. together with the ongoing need to addro$g esgerntial workg through Quinquennial inspection reports, onsuring the lonterm care and safely ol the premises. Technology costs increased during the year. This has been acMpanied by a reduction in printing and stationery sls, refiecting a gradual move towards more efficient and sustainable ways of working. We are pleased to report that we were again abFg lo maintain our commitment to tithing during the year, sharing our re50uices with other organisations and charities and supporting the wider work of God'5 kingdom beyond our own church. Going conc¢m Based on the mon¢tsry assets and human resource avalble al 31 August 2025, the Tru8lee8 believe that the ¢hurth is a going concern. Irbvestment p)Ilcy In accordance with the charivs governing document the Trustees have the power to invest funds in any investments that they see frt. The policy is to adopt a low risk strategy whilst maximising ratums. The Trustees are satisfied with the performance of the Invesirnerns held and that the polw adopted remains adequate and appropriate.
Plymouth Methodlst Central Hall Trustees, Annual Report Resorves Pollcy The reserves pcAicy for the General Fund is as follows-. The church aims to hold a reserve of Sufficient unrestricte(l and undesignaled funds to wver 51X months expenditure- approximately £150,000. The reasons for this are:_ 1) The church needs approximatety one month's average expenditure in reserve as working capital to cover normal running cust8. 21 Maintenance costs, salaries and circuit assessments are spent in advance of being raised, hence the need for a further five mollths reserve money. Actual unrestricted unéesignaled funds at the year end are £171,651 12024.. £105,831), of which £171,651 free re¥erves12024.' £105,831). The Trustees will also continue to sel aside as designated funds suth amounts as are appropriate lo provide for all charitable requirements. Plans for future periods The Trustees do not expect any changes to the tharity's objectives and charitsble activities in the fothcoming year, their aim I11 be to GonUnue to provide an essential and valued seNce in the community. The annual reportwas approved by the TN8tees of the Charity on l? behalf by.. Zt4Ltrand slgned on its - Dan Haylett Twstee Dr l Hodgins Trustee
Ptymouth Method15t Central Hall Trustees. Annual Report statement of Trustee8' Responslbilitios The Trustees are responsible for preparing the Tnjstees, Annual Report and the financial statements in accordance with the United Kingdom Accounting Standards (United lfjngdom Generalty Accepted Accounting Practicè) and applicable law and reaulalicsns. The law aptlicable to charities requires the Trustees to prepare financial statements for each finana8 year which give a true and fair view of the state of affairs of the charty and of the incoming resources and application of resources of the charty lor th81 period. In preparing these financial stslemenls,Ihe Trustees are required to.. select 5uilable accountin9 policies ane then apply them consistentty., observe the rnelhods and principles in the Charities SORP., make judgements and estimates that are reasonable and pruden( state whether applicable accounb'ng standards have been followed, subject to any material dertureS disclosed and explained in the finanryal statements,. and prepare the financial slatements on th2 going concern basis unless it Is Inappropriate to presume that the charity will Gonlinue in busin8SS. The Trustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy at any time the financial position of the charity and 8nable them lo ensure that the financial statements comply with the Charities Act 2011. the applic2ble Charities (Accounts and Reports) Regulations, and the provisions of the constilulion. The TTusl*s are also respDnsible for safeguarding the assets of the charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularits'es. Approved by the Trustees of the Charty on &>.Ikl.u>6 and signed on its behalf by.. 04n H4ylett Trustee Dr l Hodglns Trustee
Ptymouth Methodi?t Central Hall CoroI1dated Statement of Flnancial Activitiés {SOFAI for the Year Ended 31 August 2025 Unraslrl¢te fund5 Restricted funds Unrestrictod funds Total 2026 ReslriGtgd funds Totsl 2024 In¢ome and Endowments Donations and kgacies Other charilabk Income Inleregt and iDvetstmenl inc¢JTho 211,849 528,943 2,869 211,849 526.943 2.926 221,602 468,170 2,397 221,e02 468.170 2,473 Tot•1 IKom• and endovmionts 741.661 67 741,728 692,189 76 692,245 Expendlture on charitable actlvltles Salaries and asSoated c051s CirGuil assessments offi expense5 Property malntenance Depreciation Olherexpendilurè Grants and donatpJns 307,822 7,120 36,520 30,232 28.987 224,140 54,288 307.822 7.120 36.520 1.232 32.154 224,207 54,288 284,898 69,000 42.725 33,205 29.6 212,986 2e4.898 42,725 33,205 32,857 213.062 50.484 11 3,167 67 3,167 76 Totsl ¢harllabk eXn¥tUrn 689,109 692,343 722,968 726,211 Not IncomWloxpondKurg1 loryr 52,552 13.1671 49,385 {30,7991 {3,16 133,9661 Tra[fer8 betsyeen funds N•t mov•m•rtt In ftsnd• Reconclllatlon of fund& Totsl funds brought foNrdrd Totrl fvnU¥ Gorrig41 forward 62,552 13,16n 49,386 130,7991 13.167) 133,9861 2.002.430 2,054,982 202,212 199,045 2.204.842 2,254,027 2,033.229 2,002,430 205,379 2,238,608 202,212 2,204,642 Al of the Charity's 8CbTrAl dgrThf¢ from continuing op8rations during th8 above perk?d3.
Plymouth Methodlst Central Hall Consolldatod Balanco Sh•gt aB at 31 August 2025 Unrestrict8d Funds General Deslgmated Re8tricted Fund8 Totsl 2025 Totsl 2024 Notes AGt$ Tangible fixed assets Investment properties Total fixed assets 11 12 54,137 584.839 1,250.DOD 1,834,839 132,999 771,975 1,250,000 1021,975 793,4D7 1,250,000 2,043.407 54,137 132,999 Current A88ets Stod Debtors Loans to ihe Circurt Investments wth TMCP Cash at 8ank and in hand Totsl Gurront assets 13 14 14 15 16 750 8,354 750 8,354 64,608 46.732 137,488 257,932 700 17,723 64,608 44,819 64,742 192,592 64,608 1,438 45,294 88,996 143,394 48,492 48,492 66,046 Cuent Ilabllltl85 Creditors Idise in under 1 yearl Total Current IlabllltSe$ 17 25,880 25,880 25,880 25,880 31,357 31.357 Not current assets 117,514 48,492 68,046 232,Q52 161.235 Net assets 171,651 1,883 331 2,254,027 Fund¥ of the Chure17 General Fund (Unrestricted) DEsignated Funds Iunreslrided) Totsl unrt5tr1ed Funds 18 171,651 171.651 1,lI8 J61 2,054,982 1 D5,831 1,096,599 2,002,430 1 13OJ J31 1,883,331 171,651 Restricted Funds 19 199,045 199,045 202,212 Total Funds 171 651 1,883,331 199 045 2,254 027 The flnandal statement8 were approved by the Board and authori¥ed and signed on its behalf by. rsUc0n. an Haett Trustee Dr l Hodgins Trustee
Ptymouth Methodist Central Hall Church Balanc• Sh8et as at 31 August 2025 Unrestrleied Fund5 Gèneral D¢Blgnated Restricted Funds Totsl 2025 Totsl 2024 Note8 Ixed A088t8 Tangible fixed assets Inwestrnent properties Totsl flxed ¥85ets 13,478 584,839 1,250,000 1,834,839 132,99g 731,316 1,250,OOD 1,981,316 757,157 1,250,000 2,007,157 12 13,478 132,999 CuThent Agsets Debtors Loans to the Clrcu Investments wlh TMCP Cash at Bank and in hand Total cuffent aets 14 14 34,691 34,691 64,608 46,732 120,042 266.073 44,080 64,608 44,819 55,446 208,933 64,608 1,438 45,294 71,550 161.536 16 48,492 48,492 66,046 Cuvrent Ilabllltle8 Crertrtors Idue in under 1 yEArl Total cuvrent Ilabiliiieg 17 13,576 13,578 13,578 13,578 20,447 20,447 Nel eurrent assets 137,959 48,492 68.046 252.497 188.486 48¥gts 151,437 1,883,331 99.045 2,233,813 95.643 Fund8 of the ChurGh GEneral Fund {UnrestrictEd) Designated Funds IUnr281rictedl 1.otsl unrestMGted Funds 18 18 151,437 151,437 1,883,331 z,t134,765 96,831 1,896,600 1,993,431 1883 331 1,8Y3,3J1 151,437 Restncted Fund8 199,045 199,045 202,212 Tot•1 Fund 151,437 1.883,331 199,045 2,233.813 2,195,643 The finanGial 61aternent5 weTe approved by the Boafd and authori8¢ and signgd gn its beha b. IDf i88ue 31xl&02kn..... Re an Haylett Trustee Dr l Hodgins Trustee
Plymouth Mothodlst Contral Hall Notes to the Finanelal Ststsments fortho Year Ended 31 Augu¥t 2025 1 A¢counting framework and accountlng poll¢ie• Accounting framework. The financial slalements have been prepared in a¢corJan¢e wth Acuunting and Reporting by Charities.. Stalernenl of Recommended Practice applicable lo charTties preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 10211gffective 1 January 2019}- (Charities SORP IFRS 10218nd the Charities Act 2011. Basls of praparatlon The Ptyrnoulh Methodist Central hall meets the definition of public benefrt entity undeT FRS 102. Assets and liabilrtias are initially recognised at historical cost or transaction valua unlgss otherwise staled in the relevant accounting policy nolos. Funds Unrestricted unde5NJnated funds are general funds available for use 81 the discretion of the Trustee in furtheran¢e of the general objectives of the charity and which have not been designated for any other PLtrpose. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each d8Slgnatèd lund is set out in the notes lo the finanrial statement. Restricted ftlnds are ftsnds which arè to be used in accordance with specific restrictions imposed by donois or which have been raised by the charity for particular purposes. The aim and use of each restricted lund is set out in the notes lo the financkal statement. Judgements and key sources of estimation uncertainty In the application ol tha Trust's accounting policifjs, which are dascribl in this not8, the Trustees are required to rnake judgements, estimates and assumptions about thg carrying valuo of assets and liabilities that are not readily apparent from other SOUTces. The estimate5 and underfw.ng a55umplions are based on htstorically known fadors and &xperienGe. Thereftsre, the Trustees do not perGeive there lo be any critical areas of judgement or key sources of estimation unc2rtainty in the formulation of the financial 51alements. Bask of consolldatlon The consolidated finanryal ststemenls comprise the finanaal slatsmenls of Plymouth Melhodssl Central Hall and PMCH Developmgnls as at the balanca sheet dale. PMCH Developments is a company lirnrted by guarantee and registered in England & Wales. PMCH is consolidated on the basis that membership of the company is controlled by the Plymouth Methodist Central Hall. Going conrRrn Based on the monetary assets and hurnan resourcè available at 31 August 2025, the Trustee5 believe that the church is a going concern. 10
Plymouth Methodist Contrnl Hall Notos to thé Flnanclal Ststsm•nts for the Year End•d 31 August 2026 Incomo r8coynltlon Income is included in the Stslement of Finanryal Actiwlies when the Church becomes enlilled to the incom8, it is more likely that the InMe will be received and the monetsry value can be measured with sufficient reliabilrty. In aw)rdan¢e with the Charities SORP IFRS 1021, the lime of volunteer5 Is not registered. Expgnditurn This is recognised when a liability is incurred. or a constructive obligation arises, that resulis in the P8yment being unavoidable. Liabililies are recognisetj a8 soon as an uufflow ol economic benefil is considered more Sikely than not under the legal or nStruCtive obligation committing the Church to pay out resou8$. VAT Since the church is not VAT registered, all input VAT is charged wlh tha expansas lo which is refers. Tangiblg fExed assets These are capitslised if they c4n be US for more than one yoar. and individually ¢osl al least £500. They are InallY recorded at cost, less any subsequent aumUlated depreciation and impairment losses. Depreciation is provided on tangible fixed assets so as to write off the cost over their expected useful OnOMiC life as below.. A88et cla88 Church Improvements Plant and equipment Depreciation method and 2¢h 51raighl line 15- 25% reducing balance InVestmts Fixed asset investments are initialty valued al $1 and subsequentty al fair value (their market value at the year endl. Stock8 stocks hdd for resale are rneasured al the knver ol cost or net realisable value. Financial inslruments Classification The company holds the following financial instruments". . Short term trade and other debtors and edItorS. and . Cash and bank balances. All financial insliumenls are cL9ssified as basic. R•cognltlon andmeasurement The charity has chosen lo appty the recognition and measurement principles in FRS102. Financial instruments are reco9nised when the charrty becornes party to the contracfval proviswjns of Ihg instrument and derecognised when in Ihg case of assets, the contractual rights lo cash flow5 from the assets expire or sub51anlially all the risks and iewards of ownership are transferred to another party, or in th& case of liabilities, when the charitls obligations arg distharged, expire or are cancelled. These instruments are iriilialty measured al transaction pre, induding IransactKJn costs, and are subsequently carried at the UndIOUnted amount of the cash or other consideration expected lo be paid or receNed, after tsking account of impairnient adjustments.
ptymouth Methodlst Central Hall Notss to the Finan¢ial Statsments for th8 Year Ended 31 Augu8t 2025 2 Donalons and legacles UnrBstrfctsd funds General D•siunatsd strletod Totsi Funds Funds 2025 UntrIcted funds General Deslgnated Rostrl¢tsd Funds Total Funds 202d Donations Gift Aid Offerings 56.462 23,755 131,632 56.462 23.755 131,632 86,440 30,532 124,630 66,440 30,532 124,630 211,849 211,849 221,602 221,602 3 Other charitable income UnM8trictod fund General D8slgnat6d trictsd Total Fund¥ Funds Unregtrlcted funds General DgnatOd Restri¢tsd Fund$ Total Funfl* 2025 2024 In¢ome from Church Org. Café Lettings Soft Play 84,810 84.810 249,437 171,996 20,7 526.943 75,095 75,095 218.762 153,313 21,000 468.170 249.437 171,996 20,700 442,133 218.762 153,313 21,(J)O 393.075 84,810 7S.09S 4 Inv&skn•nt Incom Investment income includas bank Interest r8¢eived. 5 Other income Other income includes In¢xsm8 from special events and other sundry recelpls. 6 Trustses. remuneration and expenses During the year, Trustees recewed remuneration totalling £Nil12024.. £Nill. No benefts in kind were received by Trustees. One of the Tru8tge8 of the Charity 13 remunerated throu9h the Plymouth Methodist Mission Circut. No expen505 were repaid to Trustees. 7 SalarEo$ and a8$oclatsd costs Gro%# galariag paid to èmployÉég w&r& ag followg.. 2025 2024 Gross pay Employerfs National Insurance contributions Employerfs pension wnlribulions to defined contribution scheme$ Total stsff ¢o$ts lunr&strlctsd fundsl Less- amounts presented in other expenditure Salaries and associated costs per SOFA 301,875 20,275 15,417 337,567 129,745 307,822 278,985 17.997 13,624 310,606 125.708 284,898 No employee received emoluments of more that £60,000. No remuneration was received by the key management personnel of the Charity. Partlculars of employees: The avorage number ot staff employe(J by the charty ¢Juring the year amountea to.. 202S No. 22 2024 No. 20 Number of staff 12
Plymouth Methodist Contrnl Hall Not08 to the Flnan¢lal Ststsmonts for the Year Ended 31 AugU¥t 2026 Pen$lons The chur¢h operates a defined contribution pension scheme. The Dension co81 charoe for the vear repSentS contributions payable by the church lo the scheme and amounted to £15,41712024'. £13,6241- 8 Oth•r expenditure Unrestrlrted lunds General D88lgThats(I R85trlcted Totsl Funtts Funds 2026 Unrestrl¢ted funds Genaral Designatsd R•stricted Total Funds Funds 2024 Phone Printin9 & Slationory Cleaning Minibus Hlre Bank Charg88 Café cos Sundry costs Expenditure for Church 14,478 2,637 14.478 4,714 7,070 4,714 7,070 2,637 14,472 1,841 340 92,111 13,424 14,472 1,841 407 92,111 13,424 14,418 305 271 99,341 11,952 14,418 305 347 99,341 11.952 76 79.B97 79,887 68,760 68,780 Independant examiner aountanCY foe Indepondent ex8mlnation fee 980 1,400 1,400 1.000 1.000 1.000 SWYM 2,000 3,755 3,755 Professional fee¥ Loss on Disposal Total 144.243 79,897 67 224,207 144,228 68.760 76 213,062 Professional fees 202S 2024 Professional fees Total 960 g Grants ¥nd don•tion$ Unrestrlctsd funds Gèneral De5ignatod R881rl¢tsd Totsl Funds Fund5 2025 UnroStr4thd fund$ General tl8signat8d Rgstrl¢ted Total Fund¥ Funds 2024 Youth Flats 9,954 4,857 3,304 3,873 32,300 54,288 9,954 4,857 3,304 3,873 32,300 54.288 9,705 5,390 2,443 2,877 30,048 50A63 9,705 5,39) 2,443 2,877 30,048 60.463 Worship Team Tithes paid out Totsl 13
Plymouth M8thodlst Contral Hall Mot•s to tho Fln•ncial Statements for the Year Ended 31 Augu¥l 2026 10 Subsidiary undertaking The charity has a quasi sub3idiary, PMCH Developments, a MpanY registered in England and Wales which undertakes trading activitie5. Registered offi1 is Plymouth Methodist Cenlral H311, Eastlake Streel, Ptymoulh, PL2 1 BA. The charrty has control as three of the Trustee5 of the charify are Directors of the company but receive no remuneration. 2025 2024 Aggregate assets Aggregate liabilities Aggregate funds 58,858 38,642 20,216 46,147 7,249 8,898 Tumover Expenditure Profrtl{Lossl for the year 243,817 232,399 11.218 213.842 219,013 16,1711 11 Tangible Fixed Assets- Group Church Church Plant & Improvements Improvomonts Equipment {Do8lgnatgdl (RtrICted) Iunrgstrlctgdl Total Cost or valuation As 1 September 2024 Additions Dkposals At 31 August 2025 909.054 158.335 122.549 10,722 1,189,938 10,722 909,054 158,335 133,271 1,200,860 Dèpreclatlon As at 1 Septembar 2024 Charge fDr tho year Depreciation elininated on disposal At 31 August 2025 306,034 18,181 22,169 3,167 68.328 10,8C6 396,531 32.154 324,215 25,336 79,134 428,685 Plet book valua At 31 August 2025 At 31 Au9U4t 2024 684,839 603.020 132,999 136.166 54.137 54.221 771.975 7oq dn7 Tangible Fixed A$$ets- Church Cost or valuation As 1 September 2024 Addition8 Disposals At 31 August 2025 9)9,054 158.335 49,106 1,116,495 909.054 158,335 49,1C 1,116,495 Depreciotion As 811 Septernbèr 2024 Gharge lor the y?ar DepreatIOn elirninated on dL8posal At 31 August 2025 .034 18,181 22,169 3,167 31,135 4,493 359.338 25,841 J24,21> 2>,JJts 3>,b28 385,179 Nel book valuè Al 31 August 2025 At 31 Augual 2024 584,839 603,020 132.999 138,186 13,478 17,971 731.316 757,157 14
Plymouth Mothodlst C•ntral Hall Notès to tho Financial Statements for the Year Ended 31 Augu•t 2026 12 Inveslments Investment Propertie• Fair value as al 1 Serilember 2024 and 31 August 2025 1.250.000 Historical cosl 736.066 The investment property is a complex of shops and cafe5. The fair value is based upon the Twstees, besi esiimate and the opinion of an independent valu&r. 13 Stoek Church 2015 2024 Group 2026 2024 Stock 760 700 14 Dobtors and prep¥yments Church 2025 2024 Group 2025 2024 Prgpaymonts and accruod Incom Circuit re Manses Prepaid assessments Amounts owed by PMCH Developments Other ppaYrenls Accruad inoirne Total 64,608 64,608 1,780 26.337 26,337 4,233 4,104 4.121 11,839 99,299 108.668 64.608 64.608 1,780 4.233 4,121 72.962 4,104 11,839 82,331 15 Tnlee# for Methodi¥t Church Purposes The funds that support the church and various other funds are hekl by TMCP in Trustees Inlaresl Funds on which irtt&régt is rxoditod to tha aLin 03ch mnnlh Those ¥rA f•g3rdo.d aq mp.cliiirn Inno t•.rm invaslm•.rtt* TMCP is the legal owner and custodian Trustee of all Methodi31 Model Tru51 property. induding Legacies. Endowments and Accumulated Funds. Trust propety is held for and on behalf of local Managing Trustees who are responsible for the tjay lo day management of the trust property. TMCP ensure that, through providlng guidance and acting under their direction. the managing Trllstees compty with the charty law and Melhodisl law and policy as dolemiin9d by the Methodist conference. 16 Centrdl Flnance Board ICFBI and Cash at Bank The church has current and deposit accounts al Lloyds Bank, an aulhorised inslilution. The sum8 hekl on thesè accounts are imrnedialdy available. In addition the church has a COIF Charities Deposit Fund. Interest is earned on this account and credrted quarterly., the sums deposf(ed Can be wfihdrawn wthout notice and wilhoul kjss of interest. Th85e sums are viewecl as being liquid. 15
Plymouth Mothod18t Central Hall Notss to the Financial Slatsments for th¢ Year Ended 31 August 2026 17 Crediiors: Amounts falling due within one ar Church 2025 Group 2025 2024 2024 Other Creditors Accruals Total 10,576 3,000 13,576 17,447 3.000 20,447 21,980 3,900 25,880 27,457 3,900 31,367 It is expected th81 all accruals and other creditors as al 31 August 2025 will be paid duriro the year lo 31 August 2026. Doferred inu)me rel8te8 to rentsl income which is paid in advance. 2025 2024 Deferred ineome brought fo¢ward Accrued income bioughl forward Rantsl income reIVed in the year Deferred income carrie(J forwaid Acwed income carried fOard Rental inc4)me recognised in the year 12.0781 155,391 189.541 2,455 171,996 153,313 18 Unrestricted Fund5 G•narnl Fund The purposg of the fund is for use al the discretion of the Tmstees in the furtherance of the general objectives of the church and which have not been designated for other purposes. Deslgnatsd Fund Designated funds include the investment property of £1,250.000 which is held to generate incorne for thg church. Income and expenditure for the church oroanisalions are induded in the bank aOnIS. However. each group or serwce run by Plymouth Methodist Central Hall has separately idenlrfied fund5 and therefore they are treated as dgsignaled funds. Church improvements relate to the net book value of Church improvements wiihin baLqnco Sheet. These include the costs of redevelopments over Ihe years and historical improvements which have been transferred from general funds as they are not liquid a55ets. W(Kship facilthes relate to fund8 thal have LEen transferred to designated funds to cover the ongoing costs of repalilng and renewing the MUS infrastructure and to upgrade the power point and Cabling system. 19 Restrictsd Funds Tlie Rey Walker Menivirol Fuiid is restrie as il 18 foy It)e purGliase of bvvks foi (li1091[al traiiiliig only. Also included within Restricted funds is the amount due from the Circuit in respect of the value of the manse property that wa5 transferred trom FrAed Assets during the year ending 31 August 2013. There are no plans to dispose of the property in the near f(rturo. The Hall Relurt)ishmenl restricted funds were lo be used for th¢ refurbishment of the Methodist Hall. 16
Plymouth Mothodi8t Central Hall Notes to the Financial Statements for the Year ended 31 August 2025 20 Anatysis of funds- Group Balance as at Incomlng Outgolng 0110912024 R•sourc&s R8sourcAs Bal3n¢e as at 311r1È1202S Trnnshrs Unrestricted Undesignatsd P M C H Developments Future Oevelopments Fund General funds 3,759 24,870 77,202 105.831 243,617 {232,3991 14,977 24.870 131,804 171.651 413,301 856,918 {358,6991 1591,0981 Unrg$tri¢t¢d D¢$lgnatsd Investment property Funds held on behalf of.. Church organisations Church improvements Worship facilities 1,250,QOO 1,250,000 31,794 84,610 179,89n (18,1811 36,707 584,839 11,785 1.883,331 603,020 11,785 1,896,599 84,810 98,078 Rostrlcted funds Re9 Walker Memorial Funds Hall Refurbishment Debtor re Manse Property 1,438 136,166 64,608 202,212 1,438 132,999 64,808 199,045 3,167 3,167 Totsl Funds 2.204,642 741,728 692,343 2.254,027 Balanco as at Ineomlng Outgoing 0110912023 Rèsourc•s R•sources Balancg as at 3110812024 Trangfern Unr•stricted Undesignated P M C H Developments Future Developments Fund General funds 8,930 24,870 90,984 124,784 213,842 219,013 3,759 24,870 77,202 105,831 403,308 617.150 1417.0901 1636.1031 Unrestrictod Designated Investment propety FundE held on bèhslf tsfr Church organisalions Ghurch improvements Worship faaif(ies 1.250,000 1,250,000 25,459 75,095 168,7601 31,794 821,201 11,785 1.908.445 (18,181} 603,020 11,785 1,896.599 75.095 86.941 R¢strlctsd funds Reg Walker Memorial Funds Hall Refurbi5hmenl Debtor re Manse Property 1,438 139,333 64,608 205.379 1,438 136,166 64,808 202,212 13,16n 13,16 Totsl Funds 2,238.608 692,245 726.211 2.204.642 The movement in funds for the Charity On exclude8 the P M C H Developments fvnd above. 17
Plymouth Methodlst Cantral Hall Notes to the Financlal Statsmènts for th• Y•ar Ended 31 August 2025 21 Net assets by fund Unrnstricted funds RDstrfct•d Tolal fund8 Funds 2025 Unro¥tricted Restricted Total Funds fund5 Fund$ 2024 Tangible assets Fixed Investmen18 Current Assets Creditors < 1 year Net assets 838,976 1,250,000 191,888 25,880 2,054,982 132,999 771,975 1.250,000 257,932 25,880 2,254,027 657.241 1,250,000 126,546 31,357 2,002,430 138,188 793.407 1,250,000 192,592 31,357) 2 204,642 66,046 199.045 202,212 22 Voluntsèr ¢ontrfbution¥ Every entty Iconnexion. District, Circuit. Church} wlhin the Methodist Church in GB is heawly reliant on volunteers who contribut6 their skills, lirne and money in the furtherance work of the church. We are grateful to al of thern for their help and comrnrtmenl. 23 Relatsd party transactions P M C H Dèvelopments- A company limited by guarantee Iconlrolled by Plymouth Methodist Central Hall). At the year end the company owed the church £26,33712024.' £28,33n. Loans to me group undertakings ar9 interest fre8 and repayable on demand. Plymouth Mèthodlst IAl$slon Clr¢ult During the year th6 Charty prowded circuit assesmenls lolalling £7,12012024'. £69.0001. Al the year eNI the Mission Circuit owed lo the Central Hall £64,608 (2024: £64,608). Thls débt Is intèr6st free and rep8yable on demand. Therè havè bèen no othèr related party transactions in the rewrting period that require di5cbsure. 24 Control The Charty was under the control ofthe Trustses throughout the finala1 year. 26 Taxatlon The Twsl is considered lo pass the tests set out in Paragraph 1 Schedule 8 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Accordingly, the Trust is polen1181ty exempt from laxalion in respect ol income or capital gains received wrf(hin tegOrieS Vered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Secbon 256 of the T8xation ol Chargeable Gains Act 1992. to the extent that such incorne or gains are appld exdusively to charitable purposes. 18
Plymouth Methodlst Central Hall DeGlaTatson3 and SGYUtiny I confirrn that these accruals-based accounts for the year to 31 August 2025 have been prèparod from th• records of tha Chureh and that includ• 211 funds und•r thg control of the Church. Signature of Treasurer Dale Name ofTreasurer Address of Treasurer IL4 Presentatlon to the Church Councll I confirm that the annual report and accounts for the year ended 31 August 2025 were, or will be," presented lo the meeting of the Church trustees hdd on Signature of the Chair of the meeti Name of the Chair of the meeting Date e>. L. zou klrtytrf I delete or cirde as appropllate 19
Indepondent Examin•rf8 Roport to tho Trustses oftho Plymouth Mothodlst Contral Hall I report lo the charity Trustees on my examination of the accounts of the Group comprising the Plymouth Methodi51 Central Hall Ithe Trust) and its subsidiary undelaking5 for the year ended 31 Augu512025. Re•p•nalbllltlea and IM¥i¥ of rtPfrt As the charity Iruslees of the Trust you are responsible for the preparation ol the accounts in accordance with Ihe rgquirgments of the Challlies Act 2011 Ilhe Acfl. I report in respect of my examin81ion of the Trust's accounts carried out under Section 145 of thg 2011 Act and in carrying Out my examination I have followed all the applicable directions given by the Charty Commission under section 145{Sllbl of the Act. Independent examinor's statsmont Since the Chari$ gross incorne exceedeil £250,000 your examiner must be a member of a boo¥ listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am member of the Institut9 of Chartered Accounlanls in England and Wales, which is one of the listed bodies. I have corn eted my examination. I confimi that no material matters have come lo my attention in connection with the examination giving me cause to believe that in any material respe¢t". l. accounting records were nol kept in respect of the Trust as required by se10n 130 of the Act., or 2. the accounts do not a¢¢ord with those records., or 3. the accounts do not comply with the applicable requirements concerning the IOTM and content of accounts Set uut in the Charitie5 IAcGiJurhts and RepDrtsl Regulations 2008 other than 8ny requiietllent that the accounts give a'true and fair view which is not a matter considered as part of an independent examination. 4 the trustees, annual report 15 not o)nsistent wth the acojunts I have no concerns and have come across no other matters in connections with the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts lo bo Sijnod.. Dato. Name.. Address.. Gary Randall ACA Prydis Aount Ltd The Parade Li$keard Cornwall PL14 6AF 20
Plymouth M•thodist Central Hall for the Y•ar Endod 31 August 2025 Th• followlng pago8 do not forni part of th• 8tatutory consolSdated financial statsments. 21
PLYMOUTH METHODIST CENTRAL HALL DETAILED CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31 AUGUST 2025 2025 2024 Income Offerings Grant Gift Aid Gift day donation5 Solai Income Rental incoma Interest Reimbursements and sundry income Yotslh Work PMCH Developments Income from Churth organisalM)ns Soft Play 119,901 38,854 23,755 11.731 4,041 171.996 2,936 8.910 4,657 249,437 84,810 20,700 110,587 49,254 30,532 14,043 6,647 153,313 2,473 8.182 2,377 218,762 75,095 21,000 Total Income 741,728 692,245 Dirnct ¢haritable expendltum Youlh Work Worship & evangelism Grants and donations Wages and salaries Utilities Flats Insurance Repairs and maintenance Circuit assessrnent Minibus Cleaning Telephone and technology costs Sundri6s and safe9uardirwJ Printing and stationary Ballk Chaiges SWYM Expenditure for church organisalion8 PMCH Developments DepciatIon of fixed 8ssel8 Loss on Disposal 9.954 7,177 32.300 307,822 26,216 4,857 10,302 30,232 7,120 1,841 14,472 14,478 13,424 2,637 4Q7 2,0 79,897 92,113 32,154 9.705 5,319 30,048 284,898 32.484 5.390 10,241 33,205 69.000 305 14,418 4.714 11,950 7,070 347 3,755 68,762 99,343 32,857 689,403 723.811 Management and administration AttAuntancy and examination fees Professional fees 1,980 960 2,400 2.940 2,400 Total oxpendlturn fj92,343 726,211 Net •urpluslldefl¢itl for tho yr 49.385 33.966
PLYMOUTH METHODIST CENTRAL HALL CHURCH STATEMENT OF FINANCIAL ACTNITIES YEAR ENDED 31 AUGUST 2025 2025 2024 Incomo Offerings Grant Grft Aid Gift day donations Solar Incorne Rantal incoma Interest Reimbursements and 3undry income Youth Work PMCH Developments Income from Church organisalions Soft Play 119,901 38,854 23,755 11,731 4,041 171,996 2,936 8.910 4,657 5,820 84,810 20,700 110,587 49,254 30,532 14,043 6.647 153,313 2,473 8.162 2,377 4,920 75,095 21,000 Total Incomo 498.111 478,403 Dlrn¢t charltabl8 oxpendltyre Youth Work Worship & evangelism G¥ants and donations Wages and salaries 9,954 7,177 32,300 173,849 26,216 4,857 10,302 30.232 7,120 1,841 14,472 14,478 13,424 2,637 9,705 5,319 30,048 171,683 32,484 5,390 10.241 33,205 69,000 305 14.418 4.714 11,950 7,070 Flats Insurance Repairs and mainlen8n¢8 Circurt assessment Minibus Cleaning Telephone and technology c08t8 Sundrie5 and safeguording Printing and stslionary Bank Charges SWYM Expenditure for church org8nisalk)ns Depreciation of fixed assets Loss on Disposal I I 407 2.000 79,897 25,841 347 3.755 68.760 26,403 467,004 S04.797 Management and admini¥tratiort Accountancy and examination fees Professional fees 1,980 2.400 2.940 2.400 Total expendibjre 459,944 607.197 Net surpluslldeficitl for the year 38.167 28.794 23