THE METHODIST CHURCH ANNUAL REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2024 Tilehurst Methodist Church Charity r•gi$tration number 1127823 Basingstoke & Reading Circuit No 26104 Mlnlster Reve￿￿(1 Helen Wdtson Church Stewards LE Ak￿e￿Ie Chrts Am￿tron tsc* Jenn￿Dimrrock Don Moffat Joan VLsffat Jon Skeet Chrs Valli% Church Treasurer L￿}da L8ngi*Jge rilehurst Meth(xf15t Church TrusrEES' REPORTFOR THEYEAR ENDED 31 AUGUSt2024 (1) Introduction TheTrustees have pleasure in presenting thelr report accompanyingtheannual financial Statement Objectivesand xtivities Tilehurst Methodist Church issituated on School Road in the centreof filehur5t. The church wa5 founded in 1884 with the present church buildin8 beingopened in March 1905. The church halls wereopened in 1965 with a rear extension built in 1976. In 2020. filehurst Methodist Church adopted a new mi55ion statement, a5follow5: Core statement.. Actively celebrating and sharing God's unconditional love. Unpacking the corestatement: •Actively: we are a church alive in our community, spiritually and proctically •Celebrating.' we acknowledgethedepth of God's lovefor us and rejoice in it together •Sharing.' we learn moreof God from each other, take the me55ageof God's loveto others. and demonstratethat love in practical ways •God's unconditional love: God loves each of us. re8ardlessof past or circumstances. God demonstratesthisthrough the life and example of Jesus. the Bible. and in the power of the Holyspirit. Detail Sections expandingwhat this means: 'Worship= In our worship we respond in varied ways to God's love for everyone. We celebrate and explore our relationship5 Wlth God and each other. God brings us together in worship. encouraging participation and embracing diversity. Learning: We welcomethe opportunityto learn from God'5Word and from each other throughoutour lives. Everyone has somethingto offer from their experience. and we all have room to grow in faith. Each individual journey is different. but we travel and learn together. SeNice and Carin8: Followingtheexampleof Jesus. wedemonstrate God's lovefor everyone through service and caring. Like God's love, our service does not Stop at physicèl. social or cultur31 boundaries. We work within our local community, to discover and respond to individual and shared needs in practical, prayerful woys. We live out God's call in the global Kingdom, for the Earth and all who share it. *God's story and our Story levangeli5ml: We rejoice in the Good New5 of God's love for us, shown in Jesu5 Christ. In all our worship. learnin& service and caring we confidently share our experiences of God's love. so that our personal stores may help others to experience and respond to that lovethemselves. The church'scharitable aims are: •The provision and promotion of regular public acts of worship. eventsand services open to all. •Providing for all ages a sacred space for prayer. contemplation. and meetin8 for the fijrtherance of God's work in and around Tilehurst. •Local and international Christian outreach, teaching and gJpport. through pastoral work. attendance at school as*mblie5. courses and activities. thereby aiding and demonstrating x)cial cohesion. Tilehurst Meth(xlist Church TRUSTEES. REPORTFOR THEYEAR ENDED 31 AUGUST2024 (2) Thepurposesofthe Methodistchurch areand shall bedeemed to havebeen sincethe Dateof Union theadvancement ofr. alThe Christian faith in accordancewith the doctrinal standardsand discipline of The Methodist Church: bl Any charitable purpose for the time b*ng of any Connexional. District. Circuit. local or other organisation of The Methodist Church: cIAny charitable purposeforthetime beingof any societyor institution subsidiary or ancillary to The Methodist Church,. dl Any purp05efor thetime beingof any charity beinga charity subsidiary or ancillaryto The Methodist Church Achievementsand performance The Church premises are used by a 4Mde r8nge of coTrmunty organisati)ns as well as Church related groups. These include Tots @TMC, a toddler group for children and their carers. dancing and educatk)n classes. a table tennis group, Rainbows. Brownies. Gukyes, Rangers. the Wesley Guld. Triangle Players. frtness cLgsses. counselling services and singing groups. Sunday worship takes plate in-person weekly and is streamed via Zoom for those unableto attend. The Church has run children'sand youth 8roups yjch as JollyTots. foryoung children with their carers, WOW Iworship on Wednesdays) for 5 to 8 year olds, GAP IGod'sAwesome People) for 9 to 11 year old children and SNUG for secondary school children through theyear. Junior Church has also run 34 timesa month. Feel Good Friday, a very busyfriendship café meets at the church weekly. The annual Christmas party isvery popular and well attended. Thechurch in conjunction with theEco Churchgrouporgani5ed a'God'sWonderful World'event during May. Therewas a plant swap, coffee morning and various musical activities refiecting our appreciation of theworld around us. There was a display in the Church. which was open for visitors. The Church has been working towards the Silver level award in the Eco church scheme. Regular eventswith significant community partitipation such asthe Light Party, Al Soulsservice and two Noisy Nativity sessions on Christmas Evetook place as usual. The Church again wa5 illuminated and decorated and volunteers gave out raftlsweet bags and served refreshments on 31st Octoberas a'light, party Halloween alternative. The Church premise5 include the Link. an ecumenically run coffee shop. offering a place of welcome and friendship to membersofthecommunityand workexperienceopportunities. The Church takes part in a food sharing scheme with thelocal Co-operative storeto try and reducefood waste. Thechurch raised £9,204 for local. national and international causesthrough fvndraising events such as the annual Christmas Ba2aar. concerts, Antiquevaluation Daysand bycollectionsat service& Grantsand donationsof E4.250 were made bythechurch to Methodist and other charitie& A few improvementsto the Church buildings have taken place duringtheyear. The major items being repair to render on 28 School Road and a new boiler in thechurch halls. rilehurst Methodist Churth TRUStEES' REPORTFOR THEYEAR ENDED 31 AUGU5f2024 (3) Financial review Income and Expenditure Church income 15 primarily drawn from the collection paid bythe congregation plusthe related Gift ￿d. lettings income paid by users of the premises and legacie& Offertory and gift aid has increased very slightly since last year. Giving by standing order ha5 increased ogain a5 a proportion of the total. Lettings income also increased by £6.523 to £39,585 with the premises being well used through the week. The Church received a le8acy of £194.816 in September 2023, which Church Council de%gnoted to be used for children and familywork. The largest expense is the assessment paid to thecircuit. The 355essment this year was E74.940, compar8J with £82.082 the previousyear. It is expected to increase substantially next year120241251 The other main expense is Church running costs includinE heating and lightin& insurance and utilities, cleaning and maintenance which amounted to £37,964 this year. compared with £42.188, the pr￿lOuSye3r. A5 mentioned above, the main property maintenance expenditure was repair of render on 28 School Road of £1.500 and replacement of one of the hall boilers for £3,780. Last year. property maintenance expenditure included decoration of the halls of £2.770, main hall fioor repair and renewal £4,099. smart heating controls£l,495 and new bench and planter £1,736. Reserves policy The Church Council approve a budget for the running of the Church annually. This budget includes provision for deliverin8 the objectives of the Church through church services, maintaining premises which are used extensively by ¢ommunity groups as well as organisations that are affiliated with the Church and through donations to Methodist Church mission funds, national and local charitie& In setting it5 budget for theyeat the Church Council considersthe projected impact of changes to the Circuit assessment, administrative expenses and the maintenance needs of the premises and their impact on the general reserves of the Church. The Church aims to maintain general fvnd balance5that are sufficient to cover one quarter's expenditure. In addition, the Church must also retain balances to cover various improvementsthat are needed to it's property. Consideringthe above factors. the Church Council beli￿e$ it needsto maintain reserves of at least £75,000, comprising a general reserveof at least £25.000 and a property relat￿ reserveof at least £50,000 lincluding £20,000 for repair work on theflat roof on the rear section of the Church halls). The church'sgeneral funds at 31 August 2024 were £72.633 and the property related funds £ 41,452, totalling £114,085. Althou8h, the property fvnd is lower than the reserves policy. the Church Council is happy to leavethe policy as it is at present asthe total fvnds aregreater than £75.000. the minimum total reserve. Additionally. the Church has unrestricted legacy fundsof £330,579 held byTMCP that it can draw on. The property revaluation reserve1£2.141,6001 at 31st August 2024 is equivalent to the accounts value of the Church premises, fiJrniture and eqLtipment and is not available for useon general activities. rilehurst Methodist Churth TRUSTEES, REPORTFOR THEYEAR ENDED 31 AUGusf202414) The restricted reservesare held for the useof the internal organisationsand lorto be used to fund specific expenses. The Church reviews the re5er¥e policy annually as part of the setting of the budget. Plansfor 2024125 The bud8et for theyear commencing I September 2024 is based on estimated income from collections and lettin8s and expected normal running costs. The underlying assumption is that therewill not be further disruption of the ability to use the premises for Church lifr and by hirer& The budget antitipates £S.SOO bein8 deducted from general fvnds and property fvnds over the year. The remedial work on the hall roof and other improvements to the halls including new fascia and guttering are also planned for 2024125 and expected to cost another £20,000. Thesecosts can be covered by reserve& Reverend Helen Watx)n Chairof trustees, meeting on 7 April 2025 approvingthis report and accounts rilehur5t Methodist Church TRUSYEES. REPORTFORIHEYEARENDED31 AUG￿2024(sI Structure. gowrnance managèment The Church isgoverned accordinBto theconstitutional Practiceand Disciplineofthemethodist Church ICPDlby order of the annual Conferente. Day to day mana8emEnt of the Ch¢Jich is undertaken by thechurch Leadership Team alongwith the Minister. The Trustees of the charity are appointed at the Annual General Meeting of the Church and are detailed below.. Mrs LIZ￿del￿eY Mr ChrisArmstfong-Stacey MrsAJiceBrown- ret Mrs Lola Brown-ret Mr BafrieDavies Mr5Jacqui Davies Mrs Paula Davies Mrsjenfty Dimmock Mrjohn Orabble Mrs EmilyGoodm MrsLinda Lan¥ridge Mr Don Moffat Mrsjoan Moffrdt Mrjon Skeet Mr Steveskelton Mrs Lu¢ièTwivty Mrschrisvallis MrTony Vallis Mrs Pam VÈr80 Mrs Marywalton Hden Watson Mr5 Gerry Ouggan Mrs Ruth Fleming Mrs Kate Frankd - ret ret-retired during theyear Thechurch Council has21 memberswhoarethemanaBingtru5teesof thechurch. Thechurch Council meet fivetime5 per year. Mrs Linda Langridge lone of the trustees) acted as the freasurer for the Church durin8 the year. The Church Council appointsthemembersof theFinartceGroup who meet regularly durinEtheyearto 0very￿ethechurc￿,sfina￿¢lal affairs. The General Church Meeting is held in MarchlApril exh year. The meeting rec￿Ve9 reports oft the actlvitles and achievements of the Church and affiliated or8anisations (such as Rainbows Brownies. Guides, Triangle Players we￿e¥ Guild and Table Tennis Clubl along with the accounts for the pr&wious financial year. The meeting appoints church stewafds and representatives to Church Council and makes decisions on si8nifficant policies or activities including the Church project, whith isthe themain fvndraiyng initiative forthe year. At the 2023 rneetin& a n6w model of leadership team was adopted. The church s team is now comprised of7 coordinatorswho oversee different elements of Church life a¢tingwith the authorityddgated to thern bychurch Council. Arangeof8uidance produced bythe Methodist Connexion to gjpport theeffective runnin8of the¢hurch and the Toleof Trusteesis given to theChur¢h TrUSt￿at various m￿Ing$0￿￿10r trainin85e5sions. The Church employs th￿e part tim? staff: tknx) Tots @TMC kaders and a cteaner. A fUl￿tin& salatied Children's and Family wother was appointed sn 2019 and left the post wi April 2023. There ar¢ AO plans to ￿p￿Ce this role at P￿Sent. The Church pays at leasl the LNin9 Wayo app￿￿19 increases when li is updated. Intemal organisatbJns linked to the Church are Tots T￿. TrFangk PLaYe￿. Table Tenni5 Club and Wesky Guild. Triangle PL8yers and Tab￿ Tennis aub operate their ovm bank a￿UnIS and produce aco)unls subject lo independent exarninatK)n. Wesley Gudd now uses the Church bank account after the k)cal NatK)nwde dosed but at p￿sent still Produ￿ their 0￿1 a¢￿UnIs. The Church appointed two"Dat3 Privacy Champion< during 2018. Their actions to date have included theproduetion and promotion of Data Privacy statements for inclusion on Church Notices, the Prayer Book, The Messenger Iquarterlv Church newsletterl and on the Church webslte and undertakinga data mappin8 ex¢wciseas required by TMCP (Trustees for Methgdist Purposesl. The championsreportto Church Council on progressand requireThents. rilehurst Methodlst Church TRu￿E$. REPORTFORIHEYEARENDED31 AUG￿2024(6) Thechyrch'sstatutory particularsareasfollows- Full name.. filehurst Methodist Church Main communieatiort address.. Tilehurst Methodist Church. School Road. filehurst. Readin& Berks RG31 SAN Charity registered number.. 1127823 Dateof registration asa Charity= 12 February 2009 Irkdependent examiner.. MrAJan Harland FC4 380 Wokingham Road. Earlw, Reading RG6 7HX Bankers= HSBC Bank plc. 26 Broad Street. Reading RGI 2BU. Lloyds Bank Ltd. 24 8road Street. Reading RGI 2BTand the Ceniral Finance Board of the Methodist Church. 9 Bonhill Street. London EC2A4PE The Church isfrom I September 2024 part ofthe Berkshireand Hampshire 8orders Methodist Cirtuit, which 15 part ofthe Southampton District 3nd isa150 accountableto the Methodist Conference. The Tnjstees confimi that the Church is a public benefrt entity Risk management The major risks have been idenl&fied an(J recorded by the Twsiees with PrOfe￿Onal art￿￿ been taken as required. lhe￿ is a reguL4r annual review process undèrtaken as reQUi￿d. In¢>Jrr* and expenditu￿ is ￿vieWed and mnilored against budgèt on a regubr basts as part of the risk n*na9enEn¢ process to avoid unforseen calls on fyserves. Accountin¥ re5pon&billties Charity law requirestrusteesto prepareannual accountsthat givea trueand fair Vi￿￿ ofihe stateof affairsof thechurch at theyear end and of it5financial activities duringtheperiod. Thetrusteesarerequiroj to: Select suitable accounting policiesaftd apply them prudentlv.. Makejudgementsand estimatesthat arereasonableand prudent- PrepaTeaccounts on agoin8¢oncern basisunle5Sit 5s inappropriateto presuethat the Church will Continue in operation Trustees are responsible for keeping proper accounting records that disclose with r&￿nable accuracy the financial position ofthechurch. so that thea¢countscomplywith thecharityaccounting SORP 2015. They arealso responsiblefor safeguarding the assets of the Church and hence for takin8 reasonable steps for the pr￿entIOn of fraud and gther irfegularities. The Churth is entitled to exemption from audit under the Chartties Act btst is required to have an irtdependent examination of itsaccounts- theChur¢h h3sthereforetaken advantageofthisexemption. Tilehurrt Methtxlistchurch TRUStEES' REPORTFOR7HEYEAR ENDED 31 AUGUST202417) SatE8uardlng Every person has a value and dignity which come5 directly from the creation of male and female in God'5 own image and likeness. Christians See thi5 Potential 3s fulfilled by God's re E.931 16.769 To 126J41 43299 169.840 189,969 Iletln¢¢4ry*1 Tr￿r￿bE￿eftfvr￿S 21.79S 230312 8,6$8 244,439 39.598 40D 12540 12.140 50 23.195 117.n2 3,472 244,439 39.64$ erreco sed ns/Do5Tesl.' G•n&llLO>Se514nr￿alUI1lfylOI1X￿d NetrnoyerrérfinfrJnd5 13.k95 217.n2 3872 244.439 39ts48 REtoncll14tlon￿fvrtO$.. tfotward 90.890 2.2Y.407 15.768 I.D89 2.362,154 2.322.506 114 19240 1.089 1506.593 2362.l$4 anceljmutht•JrATrdtsornlxt￿Ir Orfvrin￿Ifj1ftS-rt¢&￿1tf EKiern* TrpiiSaTjiir 1.251 Y.204 9.526 929 2,071 6.76S 7,593 I.25L Statement•f FI￿￿[41 Acbvities SQF forthe rerded 31 tst IOIJ. Reststed tOa¢¢AOfs basls Re5tated20Z2- 13 In 68.000 -Fund ral¥f7 -others Othertradin activities 33.062 33.(*2 33,062 -Mixe11aneDU5 Investments 2.295 1,273 3,568 Other 14.58S -Internal oryni5Jtions -Mi5cellaneoJs 14.58S 14.585 Total ia4J85 69213 2SA09 229.567 hdliute on.. 5¥arSe& r41C& Penyon(oMs 7.ISO 31.182 38.332 Circuit As5e¥meAt 82.082 82.OB2 Malnten3nceonChurch buildln sland pro 17,100 17.100 Telèphone3nd Trav Ut515tle511n5yraNce. he41andll ht.watot. *¢> 17.938 17.938 Depreciation ani54tions 14.078 14.078 GrantsaDd Don*ions 3.670 3.670 OEherÉ¥pendlture 11.462 5.307 16.769 Tot 139.101 5Q.567 189,969 NÈtlncomellexpEndlturel Tran5feTsbeMenfvnds 4.517 69273 25.158 39,598 950 5A67 69.273 24.158 39.648 01her￿co sed Insll10$5esl'. GainsllLD5SEsl4n rLwaluaiion offixed ￿et5 Ne1movernentl￿fvndS 5.467 69.273 14.158 39.648 Ae£on¢lllatl•noffrJnd5= Toial fvndsbrou hi fts￿&1d 96.357 2.185.134 39.926 1.089 2.322.506 TotalfvndscwrfedlDrw•rd 99￿0 Z254A07 15,768 1.089 2.362,154 ForlnfDfft*lon on1ym0neyrttei*d￿￿pa5sedo￿1QEXte￿￿1Qkn1m0ion$ 84￿ce br0ukntfrj￿W￿fro￿I*￿1r 0Erer1n￿1CS￿s-reteSved for Externa1 0t8anlsaiion5 Offerills51Gift5-Pa55edto External Orwisaison5 e¢*d•dfor*ad 2.07B 6,766 7,593 PAitr6riedfvThl5 Tot*sW5year TotsislxbTar IRe5tatedl Funds blÈ d& BulldinE5 meJi 2.141.600 2.141.6W 2.141.6CIJ In%t5ttnw15TNfPVtsldTtU5t TOtslJxtdc io 330.579 2.472.179 1.089 i.oig 331.558 2.473.268 113,896 2.255.496 C¥￿e￿Assets Oebioryand PrEpaymwt5 Ca5hat Bank and Inh￿¢ C•itrèlFin¥LceBoard Otherbihkacccunts £35hin hand li IS.S66 194 15.760 14.698 65.709 33.646 4.008 14.744 294 69.717 46.390 294 61.382 33.663 144 rotolc¢uraJtosY 114.921 19.24D 134.161 110.887 Itor5 xcru 12 836 836 4.Z29 NEr¢ur￿￿3s￿ts 114.08S 19.24D 133.a25 106.658 rotolotsetsitt¥Cur￿iI1Jty0{jltIes 114.085 2.471.179 19.24 2.606,593 2.362.154 loan5a￿{￿d1*or5dUether 114.08S 2.472.174 19.24 1.089 2.606.593 2.362.lY fund5oflhe0￿tt* UnieMii5Y Tot¥ 13.S34 14.585 14.078 S07 1.473 15.514 Pppro¥•Jatamedn8ofth*Trusiet5an7WS12025 •idHdww*son LiddaL*)wd rilelxyst MetlwxSst c1m￿h Noiestothe Accounts l. Ba5isof accountsprepa*iort General matter5 TheseaccountshavebeeA prepared in accordancewiththe stat￿￿tOf Rec¢immthded PrKtice-kcoufttinE and Reporting bychèrities SORP 2019 IFR5 10213nd the Financial ReportinRStand¥d FR5 102 as updat8Y by Bulletin l. and in accordancewith charitylaw in the jurisdSction of England. Thechurch is3public bEnefit￿tIty- Funds Thefundsheld ¢onstltute.' General fund5hdd fora)y pU￿05eOf thechtsrch whichare unre5tricied and Modd Trust Iwcyfvnds hdd bv the Trustee5 for Methodist Church purpo￿ (TMCPI. Deygnaied fvnds whith are unrestricted funds set aside by the trustess lor a particular purpose. Restricted funds which aro hdd for a narroww purpose includin£ those for internal orEanisations. Thère 15 also an Endowment fvnd aslisted. Detailsof83ch material fvnd aredisclosed in Note14totheseaccouftts AnyfiJndsm3yberepre5eTrted bymore than just cash. A¢countingpolicies ieay5 The5eaccounis havebeen prepar￿ 0ntheba￿Sf•f historical costÉMceptth4t invertmentsareshown atth*rmarketvalue)t1he￿d ofthe year. Thea¢¢ount5havebeeTh prepaiedon the3ccrualsb3sis, ratherthanarec*ptsand paymentsbasisasin prwiousyearsand showa trueand faIr￿￿oftheChUrch'Sfinan£lal po￿tiOna￿d aciiviti bllncome Income15 reco￿1￿1 whw thechurch become5entitled tothere50urces. andthetruste25arereasonably£ertaifi thwwill recdvethe resoufces.'3nd themone1￿val￿ecan beffle￿red with sufficient rdiabilÈty- cIExpenditure Thisi5reco8nisedwhena liabllityistncurred.oraconstructiveobli8otionaris4 that rsults inthepayment b*n8unavoidable. Liabililies ore reco8nised as %>on a5 an outflow of economic benefit Isconyder￿ more likely than not under the12841 or coThstructive obligation comrnittingthechurch to ptyovt re50urce& dlGrants Gr￿tS madeby thechuith from its ownfunds arerecogni5ed infvll atthe timeof or whej) the Church accepts that there isa legal oroperationèl ob1igationtomakethepaym￿t. Ifthe8rant ts iecurrent ovw mofethan oneyear thebalance payable in futureyears istre*ed asa provision for future¢ornmitments inthÈ Balancesheet aRainst the appropriatefvftd, theprOvi￿0n bein8released in future yearsasinstalmentsarepaid in ¥¢ordancewith theori8inallyKreed tum& elVAT Sincethechurch i5notVATwstved. all Input vATisi￿l￿ded wlth ihea¥peAWtowhlch it refers. fjTonBible fixedassetsforuse bythe Church The Tru5tee5 for Methodist Church Purposes are custodian t¥uAees for the church land and prtsnise5 whlch is Model Trust propertyand they hold freehold title The Trustee5 of filehurst Methodist Church are fhemana￿ng trurteesfor thechurch land and premises. Under the proviyons of FRS102 thechvrch premisestan either be stated at 3value based on curr&)top￿ marketvalue ora deerned historical ¢ost. The historical ¢05t ofthechurch lan¢1 and premisesis not known duetoalack ofhi5toric recordk Duetothediffi¢ulty and expenseol obtalning a formal market valuatiort for these sp￿lalIst bvilding5 for which there 15 no active market the value of the Church land and premises has beery stated based on the truAees estimateof the1rdiscount￿l replacunent cost. Thetru5tees established thÈ depmed cost with rderence to the insured valve olthe pramiwat i Septemb¥ 2022 which i5the bwnniNio*theprevious period in which accruals accounrsneedt¢>beproduced. Th2c05t ofassetsindividually* orbdow £IO.000 isexpwsed intheyearofpLtrchas& Costsin exce550t£lO.000 arecapttalised but not nere55arilydepretiated. Theor8an isdeÉmed toh3vebeen fullyd￿reciated duetoitsag TheTru5te2spolic¥ isto keEp the5tructtsreand fabric in such8ood repairthatthepropty¢ontinue5tohavean indeterminoteusefvl economic life. Depreciationon ihebuildin8sisconsidtr¥l fiot to bematerial ￿l$nOtpr0￿dedI0r. Ellnvestment Investmentsarevalyed in thebalantesheet * marketvalueattheyearend. lnve5tffl￿t incomeisin¢luded intheacourstswhen receivable aThd any8èin50r losseson r*aluation at theyear•￿ ar¢5howo In theSOFA hlDebtorsand Prepèryments DebtorsincludeGiftAid notyet rec•ved in re5pectofdonationsuptothebalancesheÈt date. and prepaymè)tssuch a5ClrcultAssessrnent paid lOr5ubsequ￿t pÈriod& IICredi¢of5 creditorsincludeou15randin8sidatingto utilttiesand repairsetc in￿￿8￿5t. Intheaccountsto31 August 2023. creditorsincl¥dèJ hall bookin8incomeieceived Inadvance. Yearen U5t 2024 Ye¥f endod 31 A ct Unr nat rlcted 2. Donatlohs•ndlewles Collections GiftAd Denations Le8acies Total 78,702 19.660 2.233 6,301 106,896 78.702 19,660 ZO.698 221.117 340.177 74.360 19.220 5.948 74,360 19.220 16.772 68,000 178.352 18.46S 10,824 214.816 114.816 68.000 68,000 18.465 99.518 10.824 3. Investmentlncome Centrèl Finan¢e8oard TMCP Modd Trust. TMCP Endowment Totsl 2.801 2AOI 15A96 54 2.263 2.263 1,273 32 15A96 1,273 54 2.855 32 2.295 15.496 18.3SI 1,271 1.56¥ 'SeeNote io 4. Other Int¥nal or8anisations Mi%ellaneou5 Total 16.166 16.166 14.585 14.585 16.166 16.166 14,585 14.585 5. ExpEndltUTe Internal organi5ations Grantsand donations" 18.789 18.789 4,150 23,039 146AOI I69￿40 14.078 14,078 3.670 17.748 172.221 189.969 4.250 4.250 122,291 IZ6.541 3.670 3,670 135,732 139A02 18,789 24.510 43.299 14,078 36.489 50,567 JI othercott8orles 'See14ote 15 6. P¥ymenttoYru5tees Paym*t5madetotrustee5foradditionalseryicespr0￿d*ddurfn¥thepar*rt.' Il1ehurst￿hOdhSrcfvUrch Int￿31 or83nlgtio 31.218 9,633 38.332 8.269 Total staff c05t5 40.851 4S,601 11 11 11 11 11 11111 rilehurst ￿thOd[St Church 10. Invèstments Analysis ol Investment fflovemonts Year d31Au 024 Yèar ènded 31 Au ust 2023 De4 Total De dowment Total Balance brou8htfonvard Add.. Additions 112.807 I,OB9 113.896 43.534 1,089 44,623 Bequests 194.816 194,816 68.000 68.000 Refvnd ofpw%on rwvecontribution 20.0 20.000 Ltss- Withdrawals 12,540 12.540 Add- Interest lessadrnini5tration' 15,496 15A96 1.273 1.273 BalantÈ tarrled forw¥d 330.579 1.089 331,668 112.807 1.089 113,896 ' See Nota 3 The investmentsthat support thevariousfund5 are hdd byTMCP in theTrustee's Intwest Fund on which intwe5t iscredited to theaccounts each month. The5eSarer￿ard￿y as medium and lon8term inveStm￿t$. TMCP isthe legal ownerand Custodian Tfusteeof all Methodist ModetTrust property. includin8 Le8ac&e5, Endowments and Accumulated Funds. Trust property ishdd forand on behalfof local Managin8Trustee5who are responsiblefor ihedayto day managem￿l0f trust property. TMCP ensure5that, through providin88uidanceand xting underth8rdirect¢on. theMana8ing Trusteescomplywith charity lawand Methodist law and policyasdetermined bythe Methodist Conference. rtlehutst MetP#)dist Churth 11. Currentas*ts 2023-24 2022-23 Debtorsand prepaym&Trt5 Prepaid asse55ment5 6,812 6.245 Cru￿ incomelHMRC GIft￿d accrued) 8.708 8,453 Other debtors 240 15,760 14,698 Bank balanceat c￿traI Finance Board. Church unrestricted funds 65.709 61.458 Bank balanceat Central Finance Board. Chureh restrsctutfvnds 4,008 924 Bank balancehdd tn HSBC8ank plt and Lloyds Bar¢kLtd 33,646 18.820 Baftkand Qsh in hand Ilntemal OfKdni5ation51 15.038 14,987 118.401 96,189 Total Current assets 134,161 110,887 12. Current Ilabllltles Othercreditorsand accrualslutllltycosts propthy repairsand rental incomerec*ved in advan¢el 836 4.229 836 4.229 13. At 31 Au8U5t 2024 thechurch had commitm￿1$0fEnil P022-£nill rilehutst mEthry￿St Churth 14. Oelwled ￿￿y$S0flnd1thdUll lundmtyernents 2023Q024 Unre*ricted Funds Openln8 Ba1￿ce Income Expenditure Translers valuatloA 8ansllossts ClO￿AgBalanCe Eamiarked Property fijnd oiher 41.892 40.450 40.890 41.452 General fund 48.998 108.886 85.651 400 72,633 90A90 149.336 126.541 400 114,08S De￿8n￿tedfundS TMCP variou5bequest5 TMCP bequest (children & family). RL¥aluation reseNÈrefixed assets r¥*ehinK 112.807 Income EXPen￿ltUre Tr￿derS Rtvaluaio Closln8Balance 140,259 190,320 2.141.600 27.452 202.860 12.540 2.141.600 2.254,407 230.312 IZ.540 2A72,179 Restrirted Funds Optning B￿aNCe Income Expenditure Tr*sftrs Revaluation nsllosses Closin8 Bal•te Iniernal Organisations Tots @ TMCIUnder S, We4tsyGuild Triangleplayers TableTennisClub 537 724 8.196 6.057 15.514 6.634 609 6.370 2.553 16.166 9.308 698 6,540 2.243 18.789 4.450 2,313 635 8.026 6.367 17,341 4,450 BeneVol￿t Fund Chlldren and Famllywork Fund 3-Gen¥3te 457 500 1.325 23.125 1.200 6.490 832 1.067 203 17.905 60 60 254 18.465 24.510 7,690 1,899 15,768 34.631 43.299 12.140 19.240 EfidowmentFunds (*ening 8ol•ce Income Expendtture Tr*sfers Revaluatlon insllos%e5 CIoslnBBal*ce TMCP AberyTTUSt Ionlyentitled to income) 1.089 1.089 1,089 1.089 C*ning ance Incom¢ Expenditure Tr•sle Revaluation M￿lo$se5 closin88a1￿Ce All Funds Z.362.154 414.279 169.840 2,606,593 As5tated above "Thi5 beqUestwa5de￿Bfiated bychufch Council forchildrenand familywork Reason5fortransferbetweenfvnds Fundingfore¥penditureasa8reed rilehurst Mettr#xllst Church 14. Detaled analwsoflnthvldua m￿Ments{COntInUed1 2022-2023 Unrestrlrted Funds eDln Income Expendlture Tr￿S￿er5 Revaluatlon 8alnsllosses Clo&ngBal*ee ce Earmarked Property fund Other 48.643 36.102 42.853 41.892 General lund 47.714 98.783 96.549 950 48.998 96.357 I34￿5 139,40Z 950 90.890 De￿$Thated fvnds (*eninK Bal￿¢e Income Expenditure Tr•4Ef5 Rev*uolion 8ainsllosses clo￿￿EBal￿(e TMCP variousbtgvests Revaluation rewverefixedassets 43.534 69.273 112,807 2.141,600 2.141.600 1.185,134 69,273 2.254,407 Restricted Funds Openlng 84anc¢ ncome Expendlture Tr￿sIerS Revaluatlon 8•n4losses Cltsslng8alan¢e Internal (trganis*ions Tot5 @ TMC/under 5's WesleyGuild Trian8lePlayers TableTenni5Club 524 7.232 727 8.692 948 1.473 537 724 945 6.492 5.573 13.534 4.307 2.319 14.585 2.603 1.835 14.078 8.196 6,057 15,514 1,473 Benevolent Fund Children and Family Work Fund 3￿￿erate 457 25,267 457 5.775 31,245 203 135 5.049 5,184 60 36.489 Covid lund 533 26.392 473 473 10.824 254 39.926 25.409 50.567 1,000 15.768 Endowm*nt Funds Openi#8 ce Incthme ExpendFture Tr*sfers Revaluation rdlfisllosses Closln8Balance TMCP AberyTru5t Ionlyentitled to Incornel 1.089 1.089 1.089 1.089 Opening ce Income ExpEnthture Tr￿sle1$ Revaluation 80ins/losses clogtt8Bal￿Ce All Fund5 2322.506 229￿6? 189.969 50 2.36Z,154 A55tated above Fundin8forexpenditure45agreed Tlelwjrst Methodistchwch IS. Related partytransactions This ear Name of related party Relati(¥thp Income from related party dur1￿ theyear Payments to related Lo3n5tol (from) reLited Amounts owed by I Ital related partyon31- Aug-2024 party ring the year party durlrg the year urc Fu￿1 t)onation Leaderfs ofworship and Peacherf5 Tnjst Methodist Homes for theAged Partofthe Methodist Church intheUK 2.ISO Donation ithj 150 Totsl 2.400 1,8XI 4,2SO Donaitons to ￿n￿lated parties Totsl 8rnnts and doftations. Lastyear Name of rèlated Re￿Ill￿shIP I￿OMefrOM refated party durw*the year Payments torelated partv durlng the year Loans tol (from) related Amounts owed by I Itol related party on 31- Au8-2023 party transarfion party durlrrf th year et Fund Donation 2.150 Leaderfs of Worship and Peachees Tnjst Partofthe Methodistchurch In￿VK Donati¢)n 100 Methodist Homes for the Aged Donation 150 Totsl 2.400 1.270 3.670 Donation5 to unrelated parties Total grants and donatitsn5' ' See Note 5 rilehurst Methodist Churrh DECLARAIION5 Treawrer I confirrn that I have prepared theaccountsfrom the rttord50ftheChurchand thatthey includeall fvntlsunderthecontrol ofthe Church Council. Si8natureofTre35urer Date 07-Apr-25 Name Linda Langridge Address 5 Oldean Close,Tilehurst. Reading RG315a4 Present*lon tothe Chur¢h C¢)un£il Meetingfor approvd. I confirm that theAtcouTrt5werepre5ented to a meetingoftheChurchTwstee50n and wereapproved. 07-Apr-25 Slgnatureofthechairolthemeeting NameoftheChairoftherneet¢nB Reverend Helen Watson Independent tYamlnerfsReport totheTrusteesofthe Tilehutst Methodi5tChurch I reporttothecharitytrusteeson myexamination ofthe*tovntsoftheChurch fortheyearended 31 ￿j￿gust20z4 which areset outon theattached pages. Respertlve rewin4bllltlesoftrustees•d ex¥nln¢rs A5thecharitytrurteesyou are re5p005ibleforthe preporation oftheaccountsiTr xcordancewlth therequlremwtsofthecharities t 2011 I￿heACt.l. I report In respect of myexamlnatlon ofthe Church'saccountscarried out UnderS￿tion 145 oftheAtt,and in carryingout rny examination I havefollowed all theapplicableDirrftionswven tsythecharity Commisyon under wtion 145lSllbloftheAct. rilehurst Methodist Church Independent exarniner'ss*tement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving mecauseto believethat in any material respect- {11 accountin8 recordswere not kept in respect of the charity as required bysection 130 of the Act: or 121 theaccounts do not accord with those records: 131 theaccountsdo not complywith the applicable requirementsconcerningthe form and content of accounts set out in the Charities (Accounts & Report) Regulations 2008 other than any requirement that the ccountsgive a *rue and frdir view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in Connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name Alan Harland FC4 Signature Relevant Professional qualification or bodv Fellow ofthe In5tituteolChartered Accountant5 in England & Wales Address 380 Wokingham Road. Earley, ReadingRG6 7HX Date