THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS St Jarn•6 Road M•thodl¥t Church FOR THE YEAR ENDED 31 August 2024 Southarn ton Clrcu c1￿ul1 no 2611 R•gl•torad Ch•rlty- Charlty R•glAtratlon numb•r 1127830 If not 8 regi8t8red charlty HIS MaJ•itY# Rw•nu• •nd Cu•eom• Glft Ald (Th8 HMRC number Is equivalent to a rogistered chgdty number in terms ol evidence ol chaillabl8 8talua and Minister.. Rev S Robin50n Church Steward5'. Mrs M Syed Mr 8 Hooper Ms G Snook Mr P Harnillon Mrs J Cookson Mr6 L Evans Mr R Hgck Mrs G Robinson Mr E Qu&nsah Tr8asLtr8r". Mr N Hilth St James Road Methodist Church, Southampton Annual Charily Report for tho year ended 31 August 2024 Administratlve Informatlon: This report relates to St James Road Methodist Church, Southampton. With 157 members (as at July 20241 the church is the largest in the Southampton Circuit. which itself fonns part of the Southampton District of the Methodist Church. The church became a Registered Charity In January 2010. Its registered title is St James Road Methodist Church and its charity number is 1127830. The church address is St James Road, Shirley, Southampton S015 SHE. Correspondence should be addressed to the church unless a specific address is given by a person acting on behalf of the church. The following served as Managing Trustees as at the year ended 31 August 2Q24.' Rev S Robinson, Mrs P Wood (Secretary), Mr N Hitch (Treasurer). Rev J Hughes, Rev P Thorne, Mr C Bradwell, Mrs J Cookson, Mrs D Craggs, Ms S Dennison, Mr H Evans, Mrs L Evans. Miss A Gilbert, Mrs J Hack, Mr R Hack, Mr P Hamilton, Ms J Herniman, Miss C Hill, Mrs H Irish, Mrs R Pearce, Mr E Quansah, Mrs G Robinson, Mr D Skinner, Mrs M Syed, Mrs M Tout, Mrs E Woodman. Alms and organlsatlon The church exists primarily for the advancement of the Christian faith, in accordance with the doctrinal standards and the discipline of the Methodist Church,, in particular, it aimsto welcome 8nd support anyone seeking to know more of the Christian faith, to serve the community in which it is placed, and to support its members and adherents in their commitments to serve God and the community. The church offers a wide range of public worship, open to all, facilities for young people, and numerous mid-week activities particularly, but not exclusively, serving the communities in and around Shirley. The church's mission and future vision is overseen by the Church Council and its appointed Vision Teams. There are a number of outreach activities for parents of very young children at the church, with°Tadpoles° for pre-school children, 'Who Let The Dads Oul" foryoung children and their fathers as well as an 'after school, club that currently caters for around 30 children. To support the work of children and young families, the church has a part time Children & Families Workerwho seeks to co-ordinate, promote and develop this aspect of the work of the Church. We also offer a Supper Club and Teapot that are used by mainly, but not exclusively elderly members of the church as well as a Memory Café and Bereavement Café. A Halloween Pitstop event is also held seeking to demonstrate the lighl of Jesus to those out on that evening rather than the more traditional interpretation of the evening. Additionally, the premises are used by a wide variety of groups providing services and facilities for the local community. These include dance, keep fit dasses. mental health services, ex-offenders groups, badminton, bowls, various events and programmes run through the NHS Solent Trust, carers support group and the U3A. This year sees the second in our series of 'Summer Proms,, providing a music event in the main church sanctuary from a selection of local groups seeking to cater for a variety of musical tastes. The Church Council is the managing body, operating in accordance with Methodist policies and practice as set out in the document 'Constitutional Practice and Discipline of the Methodist Church,, and is chaired by the Minister and administered by ils Secretary. The Church Stewards have a special responsibility for the spiritual life of the church and the conduct of worship. The Property Stewards have responsibility for maintaining the premises. The Church Treasurer is responsible for financial administration, assisted by a number of people with specific tasks. Other responsibilities in the church are delegated by the Church Council to specific individuals, subject to annual appointment or re-appointment. Revlew of progress and achlevemonts The monthly 'New Song Café" Sunday evening event started in April 2016, in which Christians from drfferent denominations gather to celebrate God and our faith together. This fomi of worship continues on the second Sunday of the month in the evening and remains popular. A variation of 'New Song Café, using the newly refurbished café area instead of the main church sanctuary has slarted during the last year on the fourth Sunday of the month. Whilst not as popular as the main version, it has a good and regular attendance. As part of church lrfe, 'Make & Brew., which is not run by the church, is successfully operating creating a significant focus for the church's engagement with the local community. This wort< creates interest in the worshipping life of the church from those visiting the café which is encouraging, as 15 the number of people attending the café that wish to go into the church sanctuary for a time of quiet and reflection. There are also pastoral needs of those who come to the café being responded to by the Minister and church members. The Re-minds charity continue to base their operation from the community spac8S within the church building and making considerable use of the facilities on the first floor. This year, blood doner sessions have begun using the main hall on the ground floor which is a welcome additional use of the premises for the community. There has been a continued use of the premises by the Solent NHS Trusl in their provision of services in the community. Room 4 has recently been redecorated, and plans are in place to purchase new furniture for the room to make it more flexible in use for the varying age groups that utilize the building. The church premises have developed into the thriving hub that was envisaged and intended as part of the 'Connect' project. This refurbishment project was completed in 2020 providing revitalised facilities for the community and church on both grounds and first floors of the building. There are still challenges to be faced but the relationships thal have already been builtwith organisations and individuals and those that are currently developing are an essential demonslration of the love of Jesus that the church always inter)ded to be shared with the local community. The Minister, Rev. Stephen Robinson has a study based at the front of the church from which he operates most momings, providing further links belween the church and the community. In April, he took a three month sabbatical from his work as Minister of the Church, with the responsibilities being undertaken by the Leadership Team of the church during that period. Flnanclal Information The accounts for the year to 31 August 2024 are being independently examined and are included as part of this report. Income has exceeded expenditure by around £55,907 over Ihe year which is primarily the result of increased fundraising to reduce the level of borrowing incurred by the church in completion of the Connect project. This finanGial year, the level of borrowing has been reduced by a third, with the stated aim of the church to fully repay all borrowing as soon as possible. Additional expenditure was incurred during this last financial year with the aim of increasing membership and generating growth in the church. The Reserves Policy of the church is to hold between 3- 6 months expenditure In resetves. The church benefits from a substantial amount of expertise and time given freely by its members, especially but not exclusively in property rnaintenance and administrative functions, including pastoral care and the provision of music for worship. No attempt has been made to quantify that, either in hours or in monetary value. Slgned Rev Stephen Robinson Name of Church 5tJames Road Methodlst Church Church No 1127830 Statemonl of Financlal Activities ISOFA) for the year ended 31 August 2024 Nots¥ to tho G4nArAI FuTrJ Funth K¢ount• IUnT••trlEtwll lunr••trk¢•dl RutrlGted Fund• Endowm•nt Fuhd Total 2023.24 Income f oN￿n95 99.707 99.707 2 Dona￿0￿4 29,682 27,571 2,004 59.257 2a Gr•n18 2b Glft Day 3 Gin w5d 4 Inl6rast ind invB•bnanl in￿• S Prwerty IncD e Inlemal organ18a1ic￿￿ 7 Other chAFlt8blo Incom8 8Tot•l Incom• 4.374 4374 8,223 70,954 223 70,P51 1•.129 1,IZ5 JD1.633 13.821 2,730 44,122 6,308 6.394 250,198 7.J13 Exp•ndiluro 9 Circull a8$8s8fflenl ¢¥ th•r¢ 1D Grwll and dDtyBtlon8 11 Proporty maintenance 12 1n8ur4fj￿,UlII1I￿1 81 13 Doprécl•ti 14 Inwm81 p8ld 86,580 72 J9.990 39.480 818 2.lJ78 39,990 3•,410 30,513 30.197 15 Other expend￿￿rn 18 IniernBI or9BnlyalionA 17 Totsl chirtt•bl• •xp•ndiiur• 18 G•ln8llb88881 on monelary Invèitrn•nlB 19 GJlnJlllos$esl on Inv•¥lm8ni pre￿rt￿ 20 N•t ImMrn•ll•xp•ndrtuv•l 21 Tr&n&tern beiwein Iwdg 22 Olhw 98in8llk)llseil 23 N•t mo¥•m•nt In fundB 24 Total funds bTouiht forward 25Tot*llunthurrted forw•vd 6,590 19.614 192.142 10.588 3.450 44,2Jl 17,171 29.909 24S,72• 6845 13 $7,SS6 152,0781 52,078 3.470 100,904 108.382 L41,965 2,823.912 2 875,077 $5,907 2 951.940 3,007.•47 22,124 5,000 Name of Church Stjames Road Methodist Church Church No 1127830 statament of Flnancial Activities (SOFA) for the year ended 31 August 2023 Note• to O•xignat th• G•n•r•l Fund Funds R•Blrlct•d En￿Q￿n•nt •GGOUnt• (Unre￿Iet•dj lu+w••trt¢i•dl Fund• Fund• TDt 202243 Income 1 Offerlng¥ 2 Donati￿5 2& Grant 2b Gin D8y 3 Gift aiLI 4 Inlerefjl rnd Inve5trThrynl In￿me S Proparty Incoffl 6 Initmal organi6ats 7 O¢h•r¢had1ab￿ Incom8 8 Tvt•l InEom• B7,523 10,222 07,523 31,385 7.39 4,757 23,212 4,011 60,712 7.313 24,579 280.023 21,183 7,390 4,757 19,808 4.012 69.782 4,353 11.425 211.812 3.030 13,154 141S4 35,117 Expondltur• g Circuit asseslmenl or sh•r• 10 Granis and don£lions 11 Property malni8nanGI 12 In8ur8nce,uUllle8 atc 13 Depr•dolion 14 Int•reJi 15 Othw axpBndltur• 16 Inlomal orgAn￿&t1¢y 17 Total ¢harttabh •xp•ndllur• 18 Gginslllo888$1 on monètary Invoslman IB Gains1110sJ051 on In¥eBlm8nl prop8rf1oE 20 N•t Inc(￿•11•XP•ndltUv•l 21 Tr8n8fern bott￿n lunds 22 Other ge1n￿(kISS￿lI 23 N•t mov•m•nt In fundl 24 Total funds brouiht forward 25 Tot•lfundi¢•rrf•d lorward 62,482 5,285 38,336 27,840 12,462 7,202 36,336 1,997 30,17B ,179 2,053 25,01Q 7h11 210,5e2 2.053 18,404 4.015 176,3BS 3,396 13 JJ,2•7 137,3481 133.0311 29,794 68,607 131.2591 44,978 2.778.936 2,823.912 11,4651 23.589 22,124 4t,455 5,005 2 910,415 J,ty)0 2.951.940 102,955 100.904 N•m• of ch￿￿h Sl J•rne• Ro•d M•thodS8t Chureh Churth No 1127830 Balance Sheet as at 31 August 2024 5qn*￿ Fun IUnr••trl¢tséi A•strkt¥LI Fundi Totsli 1•24 Fund FL4nth N•i•Atoth• A¢Mun Tvj ulhvT PPD 2.950.223 2.959.22J 5,OPO 2.M).22J 5000 Z.4Y2,7YJ T•l•llJx•d••*•c¥ 7.951,223 5.000 rr•rtA•••t• Is 9.484 .4a4 10.J05 5.66J 140 53 InvcJlm#nt7 w41hTK4CP Cttnlral Finsnc*8oJrd Dopoilll 8unk &id 5gb4 8.990 5.954 137 445 B3.D57 45.398 5.64A 4>,J44 20.511 176,641 173,013 4,273 4.27J 6D.OQO 14,Z7J 1IZ,301 2e32 60,UOO ao,000 14,602 20 000 TolAlcvtrnnfh•bllllk¥* 4,273 101,JII 20,500 ijo.lsi Tothi•M•i8 Io** GilrMntrfiblllW iob,Jv s,ooo 3,D16.581 3,143,114 (duo •fter more than oneyeirl 5.0 8? 744 2.17S,177 so40 bZ,744 3.007.847 35.000 106,3B2 5,OOC 2,951, Fuhth Ult￿ Cthurrh 106,382 IN,904 Del 2.87S,bn ?,R75 By7 g,B•3,289 20.588 5,000 3.￿?.64? 20,588 EnduWmBnt Funds 5,QOO 2,•51,YO rot•l IlJq,J82 2.875,877 2Q,688 5.000 Signed Church Trea8urer No*•itolhB Stl•rn•s Road Merwstchuwth Thtflnantial statementshave been prepared underthe tharlUesA¢t 2DII In accordance wlth the Aciountingand A2portln8 by ChJrl¢le5'. siaiemeni ol R￿OrnMended PTaciice ISORPI appllcatsle to charitie5 pfeparln8theiraLcount5 ID luordancewlth FRS 102 1effethi￿frorn l Januar¥20191- the Charltivs WRP IFKS ID21. 2 Fundi The funds held eohxtltute.. General FuDd5 heldforany Wfpose of the Churthwhith èt¢ UnrEStrl12 J,272 30,179 30.179 60,358 2.269 33rt 2,lQJ 345.961) .sii J708n De I•￿￿•￿￿1•d Forwird JlJ.512 Nel •uakV•lu• 1,gB7.733 2 957.S54 1,9e7.733 ?,958 133 Caryied Ftsrwwd 669 OepreclitloD rat•lpulod 50yéars Ibulldlhyl 3 yiars Ioyva io St James Ro•d Methodlst Cl￿r¢h 13 Invt51ments The funds that supportlhe various funds are hÈld by TMCP in Trustees Interest Funds on whlch interest 15 credited to the iccount5 each month. These are reB3rded as medium and long term inve5trnents. TMCP 15 the legal owner and Custodian Trustee of all Methodlst Model Trust propertv. intludSn8 Le8acies. Endowments, and Accumulated Fund5. Trust property is held lor and on behalf of local Mana8in8 Trustees who are responsible forthe day to day managernent of trust propert¥. TMCP ensure that, throu8h providlng 8uidance and actlng under their dlrectlon, the Managing Trustees cornply with charity law and Methodlst law and poliry as éetermlned by the Methodist Conference. Ahilysl$ gf Invertment Movements 2024 2023 Change In Invejtmem V•lu•i Carrying lrnarketl valkbe at beglnnlng of ye•r Add.. addltlons to Inve5trnent5 at Cost L•s$.' DIsP05als at Carrying Value Net 8aln11055 on revaluatlon Caryin8 Imarketl value at end of Year 5,1105 s￿(KI 5,000 li St James Road Methodist Churth 14 Analysls of Current Assets 2024 2023 Debtors and Prepayments Prepayments Gift Aid Total Debtors and Prepayments 9,484 11,118 20,602 7,215 10,305 17,S20 Analysls of Cash at 8ank 8ank balance held at Unity Trust Bank Bank balance held at HS8C Bank balance held at Central Flnance Board Bank balance held In TMCP Model Trust Bequests Balances held by Internal Organisations Total C¥$h Ind Bank Balances 6,996 3,208 137,445 140,536 5,954 5,663 5.644 6,156 156,039 155,563 IS Analysls of Current Llabllltles Circuit Loan Examination Fee Other Creditors 60,000 2,390 1,40S 20,000 1.296 1.336 Total Current Uabiliti•s 63,795 22,632 16 Analysls of Loni Term Llabllltles Circuit loan Interest Free Loans 62,744 156,244 5,000 45,000 67,744 201,244 17 Capltal Commltments and Contlnzent Llabllltles As at the 31st August 2024 the church has no capital commitments. No contingent liablllties were identified a5 at 31st August 2024. 12 5tJèm•5 pdMhodhtChur£h lund P44tht Op•nl lpendhurq TraMI• tthlng I￿,Y 2SO.197 LDS,IS2 2.53Q,479 456 Who LetTh•thds Out iQ5 701 405 1.64& ommbnl & Faml 4,79) &541 fmEr&eni¥ Re5pofi&e S4niluaTv CTD55 Fufid PfopErTvAeser¥e 65 5.B8? JONM) iu.0 fotsis 2.924,AX6 1g•,JlQ za6.177 F¥ndNwn• EvmdllUV* Trtnsl• Dhnc• 835 Vuuth Club 6F3 1,410 J,431 6,1SS y64 965 Propvilv Rostrwe (v 116 I.￿4 21,114 10,5 FI￿dA￿l￿tF￿￿d..1￿￿Is thEc4r￿n1¥￿IUQ of fv fI￿d￿lS￿l I•M pu15tindlvilo4nsnnlhoBe4sstM T44pvknsivdWhDL•tThpO4di out￿ lorptoWdbW ier¥i¢iSlo thE communi[¥inionnectioDwlth￿￿￿il1ml1￿1. L4MnR•pa¥fflmt Trynd.. thE5e i￿1￿￿￿￿￿￿1dtr*llrd$the rEpawrn•ntoTthe IDih fvT devel¢w￿￿t￿ltht￿Ew Llrth ind Iitllocy rth)rnS Th15 W15Pre￿a￿sty isO•¥eloprnyThtFund ICohnErtl OiynFun¢..lunth hEld ivward51hp￿P11r￿￿dmI￿ntEllantt ￿1th￿th￿r[h Prtsp•rtyP•Mryv.. hqldtowiidi lirBtrthanMrwlywErtY¢ipvD>•s IL4idvdlicmunthrsptndol TEwIDuFyr*ry piopertymalThtoMnc4 b￿lse￿. L￿￿[Y116.. leVryro¢c￿ fw rEStlitlEd uselor guys èniith al'2B6' Em*rDfiLY AosPWM..lund5 heldt0en￿It thEihuich loiÈwd toITh5tJ￿Cel￿1 re•lieEd icrO￿lhp￿Qrtd. IdEntiliEdthtw&h ihe DiJllstErs Emeriorty Committoo IDECI. •ryfl•MFyr4., 1und5h￿df￿1 IhppLYchA5oind IMill￿t￿lOl a n*wl•ètW*tloS* th thichurih 5￿c￿l011￿rInlk IrwmEahd pewcollrctsonJlakoThford¥SlRh*diharlbE5 It 5pecifictimEsolthe VJYlvU5tIoD51En werc mo&between fundsrepre5ent1nlfl￿d asset5￿￿ta￿seoThd loanfundlni rqpald. 19 AElitEd pwtyTr•Trixlknni ij St J•nTaS Road A10th¢￿$t Clwrch DECLARATIONS Tf•a8urnr I conflmi that thgst accrual bgsod ac￿tsAts fvrlh6 ye8r artded 31 A￿9￿1 2024 haw been prgporgd tho r•cord8 of lh6 Church and that thoy Incl￿1* 811 fvnds undèr the control of th• Churth Coundl. Slonalure of Treasurer INU&2* Nam• 0fTr￿Uror Noll Hll¢h Addr•g8 dge aosa, Totton, Styjthampton, S040 9AQ Pv•4ontatlon to th Church Coundl tor Approval I confimi that t￿ annual F￿ryt and a(xounts lorthg year qnded 31st Augu8t 2023 wero pr888nted to th8 Church Councll al b meelng on.. gnd wfjro app￿ved. Slgn•turg of Ihg Chalr of Ihe Meotlng Nam• of Ihe Chalr ol Mo•llng 14 Independent Examiner's Report to the Trustees of St James Road Methodist Church Charity Number 1127830 Re8ponsibilitie8 and basi8 of report I report to the trustees on my examination of the accounts of St James Road Methodist Church for the year ended 31 August 2024. As the Church's trustees, you are responsible for the preparation of the accounts in accordance with the requirem8nls of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Church's accounts carried oul under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Dir8Ctions given by the Charily Commission under section 14515)(bl of the Act. Indopendent Examlner's Stat•mont The Church's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of th8 Institute of Chartered Accountants in England and Wales. I have completed my examination. I confim that no material matt8rs have come to my 8ltentlon in connection with th8 examination which give me cause to believe that in, any material r8spect'. the accounting records were nol kept in accordance with section 130 of the Act., or the accounts do not accord with the accounting records; or the accounts do not comply with the applicable requir8ments concerning the form and content of account8 set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair, view. which is not a matter considered as part of an independent examination the trust8es' annual report is not consistent with the accounts 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 lo be reached. Signature of independent examiner Name of independent examiner.. Mr C J Goodhead R81evant professional qualification of independent 8xaminer'. FCA Name of fim.. Knight Goodhead Llmfted Address . 7 Bournamouth Road, Chandlers Ford, Hampshire Post Code S053 3DA Date S %oz4- 15