TRINITY-AT- BOWES METHODIST CHURCH & CENTRE PLUS Palmerston Road, Palmers Green, Loiidon. N22 8L4 Registered Charity No:1128117 Financial Statements for the Year Ended 31 Au 2024 Content Charity Status Report of the Trustees Independent Examiner's Report Stateinent of Financial Activities Balance Sheet Notes to the Financial Statements 10- 13 Detailed Statements of Financial Activities 14 - 16 Amazing Accountancy Ltd Union House, I I l New Union Stt'eet, Coventy, England, CVI 2NT Partners HARROW ACCOUNTANTS AND TAX ADVISORS LTD Suite W02 Howard Road, Staninore, England, HA7 IFW 'God ofHope, Ive ghyt thaAks royou. Amen,
TRINITY-AT- BOWES METHODIST CHURCH & CENTRE PLUS Palmerston Road, PaImers Green, Loiidoii. N?? 8RA Charitable Status The Triiiity at Bowes (TaB) Methodist Chuich & Ceiitre Plus is registei'ed a5 a charity Nwnber 1128117. Iyumber of Trustees: Eighteen At the reportiiig date tlie following persons were Manacriiig Ti'ustees. l. Appointed by the Methodist Coiifeience Chair of the Trustees: Revd Thurairajah Samuel 2. Appointed by th¢ New River Methodist Cii'cuit 35122 Mi Keith Coates 3. Appoiiited by the TaB Methodist Church Chuirli Senior Stew'd- Charles Dadey ITIS Gosling Pricilla Mbape Victoria Sibanda Churcli Stewaid: Trustees, Secretary.. Fiiiancial OffLcer'. Jebanesan Velmui'ugu Christina Alleii TaB Methodist Chuirh Ti'easurer.. Centre Plus Admii)istratoi': Hilda Saiiiuel Safeguardiiig Officer.. Junior Cliurch SupeTintendent: Girls Bi'igade.. Ladies Fellowship-. Music Direelor: Toiiy Addo Akosua Osei Soyce Guthrie Barb.a Digg5 Kojo Hagan 4. Elecled by the TaB Annual ChuTch Meeting Theo Hei'cules Tliercsa Addo Steve Thomas Carmen Ilepburn 5,Bankers I. HSBC Bank.. Alderrnan Hill, Palmers Green, London N13 4YE 2. Santander Bank: Bridle Road, Bootle, Merseyside GIR OAA. Independent Examiner HARJiOW ACCOUNTANTS AND TAX ADVISORS LTD Suite W02 Howard Road, Stanmore, England, HA7 IFW Amazing A¢countancy Ltd Union House, I I l New Union Street, Cov¢nty, England, CVI 2wr 'God olHope, Ive give iliank¥ ioyou. Ainen,
TaB & Centre Plus Trustees Re ort Introduction The attaclied stateineiit is truly uplield in tlie life of TaB's financial yeai. wl)icli started on I, September ?023 to 31, August ?024. Along with the inany other iieeds of TaB, tlie whole TaB community prayed for improvemeiit and steady pi'ogress about its coniniitments. The att&ched 12 months financial report reveal exactly wliat Grant Schnarr lias stated above. We have been blessed. aijd that blessing is inore visible and viable because of the positive actioi)s il]al TaB mernbei-s and trustees have takcn cO.ageOuSLY and witli deep faith in the Lord. History of TaB It was in 1901 that the existing slte was chosen by the United Methodist Church. Tlie iiew chuich witli its iiew ineinbers moved into a church building whÈcli was wondcrful witli its tall steeple aiid a large hall. In 1973 Ihe majestic cliiirch was replaced by an artistic modeni square-sliaped structure wilh a flat Toof. Il was recognisable by ils distinctive green supersti'uclure. The new ¢hLirch had inoderii provided facilities, paiticularly general liglitiiig, stage lightiiig, higli quality acoustics and a coinpiEhensive audio systein. Oil the whole it was a medium sized theatre. In the same period two neaiby cliurclies joined the coiigi'egation to establish its name as 'Trinity at Bowes Melliodist Church, (known as TaB). Iii the past123 years TaB lias gone through Inaininotli transformations. TaB Ès a Methodist Church, and delivers i'eligious expectatioiis to its meinbers and tlie general public. It does this by inaking known tlie C.1511an Gospel of the Lord Jesus Christ througli its wcckly aLtivilies and is based on the underst]ding of Matthew Gospel, chaptei. 28 "Tlie Great Conimission" The swi'ouiiding local comiiiunity also benefits from tlie suppoit and engagen]eJit WLlh both C-15t1&n orgaiii5atÉons and individual mernbcrs of the public, especially the needy and vulncrable. In 2011, after receLVLiig a byi'aiit foi. a inajoi- i'eiiovation, TaB created a 'Coiiiniunily Cenlre, and acquii'ed the iiame 'Tall Ceiitrc Plus" What TaB does Tlie Mcthodist year i'uns from September to August iii the following yeai. Fi'om Septeinber 2023 onwards TaB moved to offer regular religious activities by holdiiig worship, Bible study, Home visits, Prayer sessions, monthly fir.st Monday Midday Holy Cominunioii and TaB welcomed all user5 into it5 facilities. As a Conimuiiity Ceiitre the facilities of TaB Centre Plus includes first class spaces for meetings and other community activities, e.g. a large theatre-siz# space for various perforinaiices. a rccording studio for musicians and Church groups, which are available witli discounted prices foi. some groups and organisalions. Rcgulai. bookings are offeied to NHS, Care Homes, and oiher charitable Orlvanisations to use the premises for meetings to piDmote our charitable status. TaB supports other chui'ches aiid spiritual oi'ganisations by offering concessions. During this y6ar TIB h&s been involved in three major xmprovemeiit project5. Firstly, the truste¢s unanimously agreed to replace the industrial boiler aiid Heating system at the TaB. Secoiidly the Sports Hall flat roof and Palmerston Hall i'oof were renovated. Thirdly, replaced all conveiitional bulbs to LED enei'gy serving bulbs. Finance The mission statement of the TaB includes that tlie total activities of 'TaB Centre Plus, is to raise resources to maintain a helping hand to the need)t and sharing good news with local comniunity through faith-centred actions. (3/161
Statement of Activity (Statement of Revenue and Expenses) A suinniary of TaB's revenue dnd expenses foi. tliis period of the Methodist Year is as follows. At the end of the financial year in AugL¢St 2024, Total Income was £329110 and Total Expenditure was £298983. The Income over the expenditure was £30127. Statement of Finallcial Positioii TaB assets, liabilities, aiid net assets as at end of the period is.. Assets: £1,332,662 Liabilities: £69,096 Net Assets.. £1,263,567 l. Statement of Cash Flow A suniinary of the cash receipts and cash payments during this pei'iod cleated enough confid¢nce foi. the inanagemeiit to plan essential works lo be caiiied out. The TaB Cliurch Council ainis to inaintain iiet ieserves at a level repi'esenting 3 niontl operatiiig costs - £60,000 ]d £20,000 to covei. deposits of long-terin users. 2. Restricted & Desigiiated fuiids Rent deposil of long-term users £18,256 Coiigi'egatioii Loaii £17,000 Designated fuiids £ 85,000 General RcseLwe £ 35,000 T&B is liugely t1]ankl for the pi-ovi5ion of incoine during tliis year. Tliis achievemeiit MTas piii'ely due to gcnuine liard woi'k, dLvelopment of skills, IlTOI'king iialteiii, job sliariiig, staff training ld increasing iiicome froin other cliurch gi'oups, As we look foi'ward it is hard not to see our world being reshaped. IinpiDving the incoine of TaB is an ii?creasiiig challcnge aiid we need to work lo engage our younger generation. Moving forward froLn this year, it becoilles exciting to see th¢ ways iii whtcli God is calling us to joui'ney iiito the coming years. Organisatlonal devel(Jpment is a needed step forward. As TaB concenti'ale oi) increasing collaboi'ation witli global mission partnei's, TaB plans to eiisure it lias the riglit structure, skills, roles and cultw'e to enable mission amoiig the local community. TaB Members ¢ngagement: Part of TaB's Chai'itable coiitributions TaBBies (under 4 children soft play for ? hours daily on weekdays) and 'Come Diiie With Us, (food fur the iieedy) air tlie two pi-ojects tliat demoiistrate the cutTent revitalisation ok'TaB's rnission with four regul. volunteei's from TaB ¢ominuiiity. Recruiting a few more voluiiteers from TaB Community to engage witli TaB staff is another task foi. the tTUStees to engage iii the coining years. Re-articulating TaBls vision and purpose is a continuou5 process. TaB aiins to support i10vatiVe ideas in conjunction witli the developing of organisalional plaL]niThg. Priorities will include implementing TaB's plan collectively. To achieve sustainability, a healthier financial standing and irsources are iiecessary to step up ali engagement plan that will not only increase awareness, but also interest, paiticipation aiid suppoit among oui. local community as necessary. We hope and pray that our cominitments and hard work in this year, lets shine like a liglit before tlie world, that they may too see God's abundant deeds TaB has experienced aiid glorify the Father in heaven. Anien. Revd. Thurairajah Samuel, B.D.Al.Th. fOxoMJ (4/16)
151161 R•$ervÈs Polic The TaB Church and Centre Plus Council aims to maintain, if possible, net reserves 31 a level representing 3 months operating costs. £60,000 and £20,000 to co>v¢r deposits of long temi users. Flnally, I would Ilke to remind us all the wttll memorlsed Psalm 23: 64 from the King Jamgs Version. Thou proporèst a table before mg in the presonce of mSn& 8ngmlg5: thou anolntest my head with oil,. my cup runnelh over. Surely goodness and mercy $h311 follow me all the day8 of my Ilfe: andl wlll dwell in tlte house oftire LORD for0vèr and •vor, Whil& TaB Church and cent Plus, is a Christian in511ulion. il fo51ows hctwever, all contemporary business elhlc8. 11 is important lo know that thè challenges encountered by TaB Church and Centre Plus, cannot be faced alone. God himself continually and abundantly blesses T8B. When w8 consider all the work God's hand8 has given lo TaB and Ils family and Centre Plus, throughout this Melhodisl year. we should cry wSlh lears ofjoy. Wè know thè road was rough al Ilm8s, but God had smoolhenod for us. We as TaB members and friends. let us glve our heart lo the sarvies of Jesus Ghrisl, and let hlm, use us lo be a blessing for others. Jesus will give us the deslr85 of our hearts.
Charitable Status The Trinity at Bowes {TaB} Methodist Church & Centre Plus Is registered as a charity under Number 1128117. 161161 B T stees: At the reporting dale the following persons were Managing Trustees. d b the Methodi6t Conf&r& Chair ofthe Truslee8.' Revd Thurairajah Samuel d b tho New Rlv etltodlst Circuit 3S122 Circuit Steward.. Keith Coales ointed T 8 Methodl t c Church Senior Steward,. Charles Dadey Stewards Team.. Juliet Debra, Vllay Christlan, Angela Cabey, Iris GoslSng, rch Annual Mgetin Chur¢h Trea$urer$.' Chr15tlna Allen & Jebanesan Velmurugu Trustees, Secretary." Vlcloria Sibanda ho Annual M8ètln Theo Hercules, Mally-Rose Williams 5 Alloc L8ad•r Sunday School Superinl8ndenl'. Akosua Osel Glrl's Brlgade Leader.. Joyce Guthrie Cenlte Plus Administrator.. Hilda S¥mu&l Ladies Fe51owship.' Barbara Blggs 8.Bankers HS8C Bank.. 1 . Alderman Hill, Palmer5 GTeen, London N13 4YE 2. Sanlander Bank.. Bridle Rpad, Btsotle, Metseysld& GIR OM. . Independent Examln9r Amazing Accountancy Ltd Union House, 111 New Union Street, West Mldland5, Coventry, England, CVI 2NT
TRJNITY-AT- BOWES METHODIST CHURCH & CENTRE PLUS PolmeTSton Road, Palm¢i's Gre1, London. N22 8RA Inde eDdent Examiller's Report I report to the charity trustees on my exainination of the accounts of the Trinily-at-Bowes Methodist Chuith (The Trust) for the yegr ended 315t Au8USt 2023. Res onsibilities and Basis of Re ort As the charity tnste¢s of the Trust you are responsible forthe preparation of the account5 in a¢cord2nce with the requirement of the Charities Act 2011 ('tlie A¢l'). I report in I'espect of my examinaiion of th¢ Tru51'8 accounts CArried out under section 145 of the A¥t and in cariying out my exaTnination I have followed all applicabl¢ directions given by the Charity Q)mmission under section 145(5)(b) of th¢ Act, end xaminalion's Sta ment Since your charity's gl'oss in¢oine exceeded £250 000 youi. exaiiiinei. Inust be a member of a Ilsted body. I can ¢onfirni tho1 l am qualified lo undertake the ¢x8minalion becguse l am 8 registeied member of the Association of certified ¢hai'lered Accountsnls whi¢h is 01?e of th¢ listed bodies. J have cornpleled my examinailon find can confirin Ihgt no matei'ial matters have Come to my attention in ¢onn¢¢tion with the examinbtion glving me ¢ouse to believe that in any nialpA'ial r¢specl'. a¢countin8 records were not kept in respect of the Trust a$ required by section130 of the 2. the accounts do not 4c¢ord with Ih05e records; or 3. the 8CCOUrtts do not comply with the applicable requirement5 concerning the form and conteni of accounts set out in the Charities (Aecounts and Reports) Regulations 2008 other than any requircin¢nt tliat the accoun15 give 8 truc and fair view which is not 8 matter considered as part of an independent examination. I have no ¢onc¢rns and have come a¢r055 no other maiiei's in ¢onneclion with the exsminalion to which atten ion should be dr&wn in this report in order to ¢nabl¢ a proper understanding of the a¢¢ounls to bE reached. BABAKARKHA HARROWACCO ADVISORS LTD Sulle W02 Howard Road, Slanmore. England, HA71FW iith Octobor2023 MDssib ACCA MEMBER NTANTB WqDTIX Arnazing Accountancy Ltd Unlon House, 111 New Unlon Street, West Mldlands, Coventry, CV12NT England 'G ofHope, Ivegiiy ihankrioyou. Allie, ("7116)
TRINITY-AT-BOWES METHODIST CH CH 181181 nt of Financi81 Activities for Year Ende 24 31.08.2024 31.08.2023 Notes Income Donations and Le9acles 46138 56107 Other Trading Activities 75 1875 Investment Incc¥me 265643 222585 Charltable ActSvilles 6907 25946 Other Income Total 10347 329110 11199 317712 dilu Ralsing Funds and1ggacSés 126836 102774 Inv•$lm8nl Management Costs 4131 31116 22150 Charltable Acllvilies 33 1184 Other Costs Total 140998 298983 108509 234617 Nel Income IIDeflcil} for Year Nel IncomellDeficill blhwd Nel Income I (Deficill clfwd 30127 1256008 1286133 83095 1172911 1256008 Rev Thu irajah Samuel Cholr, TUB Chtrreli Council Victoria Sibanda Serr¢loiy, TL7B Church Coiincil Dale- .I.I...Afr..i ....2025
TRINITY-AT-BOWES METHODIST CHURCH 191161 Balance Sheet a a131 24 31.08.2024 31.08.2023 Flxgd Assets Tangible Assets ol 1064062 1022158 Current Asset Debtors Cash at bank and in hand 801 267799 268600 801 301355 302156 Amoun15 falling due wllhln one year 10 51383 sosg2 Net Current As6el81 {Li•bllille$) 217218 251564 Total As8els Less Current Liabilities 1281280 1273719 dltors Amounts fallSng due aftèr mor8 than one year 17713 17713 NET ASSETS 1263567 1256006 FUNDS Total Funds 12 1263567 1256006 The financial slalements were approved by the Board ol Trustees on 13th April 2025 and were ne on ils behalf by.. Rev Thurair8jah SamLtel Chaii., Talg Chiiich Coiimcil Victoria Sibanda Secreltlry, TaB Chui¢17 Coiintll
TRINITY-AT. BOWES METHODIST C URCH 1101161 Notés lo the Financial Statement for the year ended 31 Aug 2024 Accounting Policies Basis of Pr Flnancial Statsmènts The financlal statemen15 of the ¢h8rily, which is a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalemenl of Recommended Practice appllcable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubllG of ireland IFRS 1021 effeclive 1 Jan 20151 Financial Reportlng Standard 102 "The Financial Reporting Standard appllcable in the UK and lialand and the Charities Act 2011. The financial slalemenls have been prepared under the historical cost convènllon. The charlty has takèn advantage of the exempllon to disclose statements of cashllow within the flnanclal slal8m&nl8, In om All income is reco9nlstrd in th• Statement of Fln8ncS31 Acllvilie$ once the charity h8s enlillemenl lo the funds and il Is probable Ihot th8 Incorne wlll b& recelved and the amount can be measured reliably. Ex LlabllS1ies are recognisttd as oxpendllur? as soon as there is a legal or conslruclive obllgalion Committing the charity lo that expenditure, Il 1$ probable Ihal a transfer of economic beneflls wlll be requlred In settlomant and the amount of the obligatlon can be measured iellably. Expènditure is accounted lor on an accrual bas18 and has been classified under headlngs that ag9regale all cost related lo Ihg category. Where costs cannot be dirÉctly attributed to particular haadings they have been allocated to aclivllies on a basis consistent with the use of resources. Tan Iblo ftxed Assèts Depreciation on fixed assets Is provided al the followlng annual rates on a slraight-line basis In ord9r lo write off each os$et over 118 esllmated useful life.. Freehold Property. Plsnl and Machinery. Fixtures and Flttlngs.. 2Y. Taxation The charity 15 exempl from lax on its charitable acliviligs Fund AocouTltin Ur¢restrlcled funds can be used in accordanee wth the chaTilable objectives at the dl$crelion ol the trustees. R05tricled funds ¢an only be used for parti¢ular restricted purposes within the objects of the charity. Restrictions arise when speGified by the dorsor or when funds are raised for particulai restricted purposes.
TRINITY.AT-BOWES METHODIST CHURCH Not85 to the Financial Statèmènts for ear Bnded 31 Au 2024 31.08.2024 31.08.2023 2 Other Trading Acllvlty Fundrai3tng 75 1875 3 Investment Income Rént Received Deposit account inler$$ls 255443 10200 265643 218775 5811 222586 4 Ralsirt Funds and Leyaci&$ Wages Socbal Security Penslons Rale$ and WBl8r Insurance Llghl and HealSng relephonès Postage and Slallonery 72866 7fj46 7704 11162 4916 20436 1717 387 56297 9332 e007 3940 6995 8272 1860 941 7141 102775 126836 4101 Investment Managem$nl Costs AdminiBlraliv8 èxpenses Propety R&p8irs Nlalnlen8n¢8 Chargè8 Staff Over Time Siaff 8ono3 Agency Stsff 11300 11260 4004 3053 1500 10800 11298 52 22150 31116 S Charitable A¢livilie8 Expen8e Come Din& Wllh Me 33 33 1184 1184
TRINITY AT BOWES METHODISTCHURCH 1121161 Notès to the Fi ancial Statements for ear ended 31 Au ust 2024 6 Trustees neratlon and BenÈfils Theie were no Iruslees, remuneration or other benefits lor Ihe year ended 31 Aug 2Ct24 nor for the year ended 31 Aug 2023 Trustee Ex en There were no Irusle&s' expenses paid fo¥ thg y&ar ended 31 August 2024 nor for the year endèd 31 st August 2023 31.08.2024 31.08.2023 7 Staff Co818 Wages afjd Salaries So¢ial SecurilylPAYE & Nl Conliibulion Other Pension Costs 72886 7646 77C14 88217 58297 9332 8007 73638 No employtes received emoluments In excess of F60,000 8 Tanglble Flxgd A551el8 Freehold Plant & Flxtuie Values at 01 S8plember 2023 AddSllons In year Loss on Revluallon on Fix As6els SaleB ol Flxed As$ols in yèar 6414S9 77933 .1273 477930 8889 1128258 77933 -1301 110,844.35) 1194046 -27.71 -2125 6717 720 469210 718119.46 Depr•¢iation-. Values al 01 S$plember 2023 lor year 58545 14362 72907 46822 9384 56206 730 134 870 106103 23881 129984 Net Book ValueB 8131 Avgusl 2024 645212 413004.02 $846.39 1064062 Nel Book Values at 31st August 2023 582914 431108.00 8133.00 1 D22156
TRINITY AT BOWES METHOOIST CHURCH 1131161 Notes to the Financial Slalements lor ear ended 31 Aug 2024 31.08.2024 31.08.2023 9 Debtors.. Amounts fallin due within one ear Other Debtors 801 801 g.1 Cash In handlBank 267799 301355 301355 301355 10 Creditors.. Amounts fallin due within one èar Taxation and social securlly Other Crèditors 51383 51383 50592 50592 11 Creditors.. Amounts fallln dye after C*ne ear Other ¢r•ditOTS 17713 17713 17713 17713 12 Funds Unre8lrSGled Fund8 blfwd Net Incomel{Dgficltl In Year Adluslemenls of Overslaled Depricialion Unreslriclèd Funds cld 1256005 30127 1172911 83095 1286133 1256006 13 Movement In Funds 31.08.2024 31.08,2023 Unrestricted Funds 1288133 1256008 14 Related Pa Disclosures There were no related party transactlons for the year ended 31 Aug 2024
TRINITY AT BOWES METHODIST CHURCH 1141161 Detalled Statement of Financial Acllvitles for Yr Ended 31.08 2024 31.08.2024 31.08.2023 Donations and lega¢Ses G1ft5 Donations Legacies Giants 45113 1025 49983 6124 66107 46138 Other Tradin Activlties Fundraisin9 events 75 1875 Investment InGDm Rent Recelved from Lettlngs Dfjp0611 accounl Interests 255443 10200 265643 216775 5811 222585 Charitable Activitiès Cafe Income Relmbursemenls of ullllly bill Grants 2127 4780 2128 3939 19881 23820 6907 Other In¢orr& Funeral Related Income Printer receipts Other Income 1680 110 B557 10347 3700 81 7418 11199 Total Incoming Resoue5 329110 31S587
Detailed Slalem6nt of Financlal AGlivities for Yr Ended 31.08.2024 EXPENDITURE 1151161 31.08.2024 31.08.2023 staff Costs Wages Social SecurltylPAYE & Nl Conlributlon Pansions 72866 7646 7704 88217 56297 9332 8007 73636 Rai8ing donatlons and1gga¢las Rates and water Insurance Llght and Heal Telephone Postage and stallonery 11162 4916 20436 3940 6995 15413 1717 387 1850 941 29139 38618 Inv•$tment managem•nt co$t8 Adminslrallve exp8n5es Property Repalrs Malnlenancè charges Staff Over Time Staff Bonos Agency Staff 11300 11260 4004 3053 1500 10800 11298 52 22160 31116 Charltsblg Actlvltle$ Come Dine Wlth Us I CDWUI 33 1184 33 1184 Other Advertislng and Publi¢ily Travel Volunteets expenses Subscriptions and membership Funeral Related Expenses Worship Related Expenses Benevolence 36 1887 2640 313 390 2236 3320 2425 1268 455 235 289 550
Goneral Expenses Loss on Revlualion on Fix Assèts D&precialon of Fixed Assets Freèhold Property Plant and Machinèry Fixtures and Fillings Training Cleaning Compuler&Software TAB Refurbishment Prolecl 2024 Clrcult Assessment 1301 2674 14382 9384 134 34 12829 9559 177 60 3157 3106 3091 36052 59576 64576 133158 102954
1161161 Detailed Statement of Financ1al Activities for Yr Ended 31.08.2024 31.08.2024 31.08.2023 Support Costs Management Plant and Machlnery Finance Bank Charge$ Human Resource8 Others Mugicians fees 694 135 482 426 3650 4826 3160 3721 Govemanc8 C0518 Professlonal Feos A¢cDunlancy and legal tèès Ta8Bie5 Sunday S¢hooS Expendlture 1000 1300 142 2014 3014 392 1834 Total Resources expended 7B40 5555 Net Incomg I ID&flcltl for Year 30127 80969 Jebanc5an Velinurugu FIn]cial Officer Christina Allen TaB Methodist ChLErch Treasurer Date: -2025