nden Methodi8t of the Trustees arMI nden Meth0(r￿1 Churth ntents of the Finawal S for the Year Ended 31 A ust 2025 Report ol the Trustees I to 13 ReFJOrt of the IndeFéndent Auditors 14 to 16 Statement of Financial A¢tNths 17 ststement of Finaneial PoSi￿n 18 Statement of Cash Fh 19 Note5 to the Statement of Cash Flcws 20 nden Church the ear Ended 31 Au ust 2025 The tru$tees present their rewrtwith thefina￿lal ststements ofthe charityfortheyearended 31 Auaust 2025. The trustees have adopted the prOvis￿)n$ of AcoxFnting and ReKK)rting by Charities." Statement of Recommended practi￿ a￿￿able to charities preparing thew aC￿1n¢$ in accordance wrth the Financial Rep)rting Stsndard aFWKable in the UK and Repubk of I￿larffI (FRS 102> (eff￿l￿e 1 January 2019) th the grants and dwalM)ns r￿aTr￿1 in the yearforlh8 Shaped for Mk%sion prc4ect (see bekywl. the church's 202412025 annual lumover has ayain exceeded the £0.5m threshohj and has thereft)re to be treated as a 'large' charity under the provisions of the Chanties sta￿lent ot R￿OrnMended Pract￿. Trustees belwe that. whilst the causes of thi% increase in annual turrther are primarity ore-off finanryal events lunlikety lo be rgpealed in future years), annual incLwr* going fop*ard. whilsl kwer than £0.5m. are aFS)roaching this level so a rash statwnent may be required tyi future yea￿. Trustees stress that the undedying 5cate and complexty of the church's oper*ion has not altered. The content ofthis r4)￿. whilst addressing the increased disclosure requirements for trustees to CO￿lder. also refiect thks lath of any rnater￿￿ change to the church's operabonal arcumslances. As required by the Statement of Ree4)mMend￿ F4aclice for large a Statement of Ca¥h Flow is Included in the Financ￿1 Slat￿ents bekw. OWECTIVES AND AIMS OUR VISION is.. LNes. relath￿sh¥￿ and communittes in this 7hDrkl tranSfo￿ned by ts k)¥e ofGod in J8sus Chri$L OUR STRATEGY for sharing in this WO￿ ofGcKI i¥ to.. Encounter God., Equip God's people.. Extend God's Kingdom. THE SIX VALUES THAT SHAPE US: 1. christ-Cent￿ Disupleship IwhKh is G¢￿I￿dian( SrArit-fAled *KI diswfined in pyayer and Bib￿ wding) 2. OtherJs i reasurer Marityn RKhardson Co SenK>r Ste•rnrd Charmain KnIght￿Y Co Senior Ste•rnrd This ygor our Church Sivwaids. Le*rship Team and Churth CouncTrl have met regularly in person with the ability to hold hybrid meeb"ng$ for those who cannot attend in pets￿ to join via Vid￿ link. P4e1 en Meth(￿tst Church rt ofthe Trus Year En OBJECTIVES AND AIPAS (continued) OLTrr Leadership Team have worked lo cwiplth Ihe Mi5wn kth)n Plan for 2024-2025 (thg renamed annual Executive Plan) Wh￿ was agreed by Church CourKil on 9th Juty 2024. Thi5 Set out an overyiew of the scope of our church's activit￿ and priorities for the per￿ from 1st September 2024 to 31st August 2025. What follows not meant as a ￿nprehenSIve retth of all our actvilt￿. but rattr*r a Sarnp￿ indicative of swe. Volunteers are at the core of all that the churth und&1akes and. wit￿)Ut suth volur)teer support. the church would not be able to mount all the initialp4es it currenty SUFwis. In excess of 2CM) volunteers WO￿ *ross many of the churth's progTh?rrwn￿. It is not p)ssbi 18 to capture the hours worked by volunteer5 or iheir rfirect COn￿bUt￿ as so mary work femolety of direct managerial control trHJl ulili%e the aciion plans deveb)p8d by the ehurth. Charitable *tatu• and publk b•rb•fft As in past years. Huh Street Methodist Church has c4xththwJ to provth many OFixx￿nltles fc* the wider communty lo rak8e funds for gc*xl causes. and we see Ihis as a key w of our worbJ4ransfoming woth. We abo support and encourage ffemt*rs to involved in bxal. ￿nal and internat￿n01 charities. Many ofour members continue lo hel) Ihc6e hxally who are in need ty supyting our SHARE schem. Our Christmas apFeal raised funts to provKle bcal f￿11￿ with supemiathet vouchers at chr￿trnas. Our Summer Share Scheme provNJed yjpport to a k￿al sthool to fjnab￿ them to offer holKday club pLqces to families most in need. Craft bags and essential fcoj supplies V4ere tth to identrfEd families through the Share team during the schcol bwks. In athJitw)n. yearfs SHARE ffrt)ney was also used to pay for drama hdiday club places at the Circuiys perf(Thing ¥ts SPACE w4ect. Our volunteer.run ￿￿IeyS Cafe has continued to WOVKle a cc¥nfotsble. friendty and affordable coffee shop as an aside. makes a welcome contrilyJl]on to church furNts. In parts￿1P wth Watling View School, we have ￿n1￿Ued to oller woth experwKe to ¥dunteers with a(klitK)nal needs. From mid-october to hpn'l in thi8 financial year. ￿rw￿unteerS ran-Swp¢rThu(sW where our Vrfes*s cafe remained open on Thursdays until 2wn arKI swve soup betwe￿ 12 and 2. In seeking lo prowde SUFPJrt to those kcal households affwxed by the cost of INing crists, we continued to partner HarFerthn Money Ath4Ke Cth ty aJIty￿.n9 them b) meetwith dients and potential dients on our premB8s or￿e a fortnwJhl. As in previous yearn. we also raEed Tr¥)rey our agreed tharthes. indudir*J The Haven, All Can Ith8 Meth¢)dist relief and devebpment fund). Christian AKI. MHA ktion for Children and the Prison Felk)wship Angels. The trustees confinn that they have referred to the gUKlar￿ contained in the Charty Ccffnmission's general gUKlan￿ on public benefft when reviewing the ¢hariVs avns and Ottyec￿yes ar￿ in planning future activthe$. The Trustees consh*r that our ehur¢h is deaty Charitab￿ b(rth in rls inienth)n and rrntice and provKles substantial PUbr￿ benefft lo Ihe kncal oyrrfnunity and wbjer wcrfk1. The church does not make direct grants to third parfies but provides support to the ccKnmunrty in many far- feaching initiatives. The church does not Ir￿1r any direct expenditure on raising fvnds for the future. Its gNing programmes are operated by volunteers. Page 2 Ha nden M Trus for the Year En ACHIEVEMENT AND PERFORPAAKE CHARITABLE ACTMTIES Wornhlp Every weekwe have ￿ntinUed to fvestream ourtwo differentstyles of Sunday mommig worship and to cyerate a'hybri(r mcmjel of church - seeking to include both those who us on srte at the same tr.me as continuing to reach those who join us online. have continued to reath through (yjr INestreamed onsrte worship and social media presence many new peorde who may never to our ￿, and many Methc*Jists from across the natTron are sb'll connecting with G￿j through our 7Aeekty online worship. We are pleased to be able to offer families at weddings and funerab¥ Ihe QPF*Jtunty to livestream servKes to fwnty and fr￿d$ who are often overseas or housetound. IAÈ a￿ delight&J that 8 number of olher ¢hurd￿9 in and beycffld our wi Melhcxlist cKcuit. have used our online resources {semion Videos and 9)n￿YMn recordM)gs} within their worship. espeoalty where they lack preachers or musKrans. Our se￿nOn series are led ty suggeslK)ns and feedbaL* - and this yealy have induded.. Vthat is... Communion... Fatth... Evangewsm... FelkThvshi)... Justsficathm... Intercession... Sanctfftationv: "Quesfions of Jesus"" and"Joumey in the Wldemess". V4ovk is continuing lo axl communicat#)n behveen groups regarding our sefmon series. Thts is b*"ng seen mainty in related res￿r(*S m* available arbj reviews by the Our Dementia Friendty and Gatlwing sep11￿$ {worship des￿nedfOradUItsWi1h kaming diffrulties) conts'nued duiing this past year. although the fOrn￿r has been taken into thal care tthies, where a reguLqr month provisbon of worship is established. In¢lu$iv• Churcn Our Ministy Team Ims continued actNety to seek Conve￿thns wth those vthose exFerFenee of church has tjeen one of exdusion. aTrJ Ihefindings from these have hewl shape g)me of our worship and preaching. This remains a woth in progress and is taken into our next eXeujti￿ plan under the heading of'Justice. D￿nity and Solidarity" Pastoral care Our Pastoral Secxetary. Maggie GraThJ. h&s c(mtinwJ to oversee the wcrfk of our PastC￿l Team. which continues to consist of herself. Fran Gardner, Cjeacon Sarah Védett and Rev Mark Hammond. They have continued to rneet monthty to ensure that those most in need of pastoral care re¢eNe appropriate levels of contact. Thts has been especk81￿ IM￿rtant as we tthe an increasingty ageing demographic and many people to care for. The member5 of Batford Methodist Church conlinL*d to rece￿￿ pastoral tsre through HNJh Street's pastoral system. The majority of the members of the former South¢￿ N*th(MJist Church are now well established as members at High Street Our Pastoral Team led our annual bereaNeff*nt sevite on Sunday 3rd Novemter 2024. Shap•d for PAi¥sion Building Proi•ct Bxkground Pftor to the onset of the Cowd pandem￿. our Project Team had been ck)se to finalising proposals for substant￿1 building scheme, desNJned lo make our premises rrb)re fft for tyjr current and future mission actwities. In the Church's E¥ecutNe Plan. the Project Team haj been tssked reviewing the proposed stheme to ascertain wh￿h e￿rnents of the largef scheme may be sensible to progress. In January 2024, the Prcie¢t Team presenled proFosab to the Churth Counal for a reduced F)roi￿t- invokn.ng the reordering of the church nave and transepts. A consult8tp)n ofthe churth membets was launched with a fvrther presentation al On extended General Church Meeting f8ig Day Inl in Mard12024. Final woposals were agreed by Church Council in July 2024, and the Project and Leajership Teams were authcrfised by Church CourKil to progress these through the remaining consents prctess lQ"rcubt. DistrKt and Connex￿n}. Page 3 Ha hurch of the Tru for th8 2025 ACHIEVEMENT AND PERFORMANCE (contlnu•d) CHARITA8LE ACTivmES (¢onlinu•d) Shawd for Mlsslon Building Projrtt (con1[nu￿) Agreed Scope of the project This projera was lo reorder the Church and included: a. The removal arKI disposal of and red chairs from th8 nave and transepi8". b. The purchase of up lo 350 stackth wcmxlen (wilh trc4W and s(wr* cushi)ns} up to 8 tables: c. The reftjrbishment of the fthr. d. The feplacement ofthe steps to dats Oo ind￿* st*free access).. The installation of a new I￿hling system a￿1 ele¢￿IC win¢kyw blinds". f. The redeo)ralion of the Church", g. The enlargement ofthe fire exil in the Transert Proiect Comp￿tion In the finawal Perh￿ c¢)vered by this repor( the Prqect and Leadership Teams sUcce￿fullY.. a. Ga¥ied pr(¥ect consent from.. The Circurt Meeting", The Distr￿1 ProFerty Otrw. The Listed Buihjing Athisory c￿￿Ette¢. and Pkanning ￿kn"ty regartthng the fire exiL b. Gained grant funding approval fmm". The Circuit Meeting.. and c. Finalised the {includwig final chair selecknn) in eonsullaticffi with the Connexional d. Finalksed overall prqect costs. e. Canigj out a y4Jtt8ssful prqec* funthaising (¥npaW￿. Plannèj and managed the onsite ThpIelr￿tatX)n and comp￿7 ofthe wciecl The on-site works for the projed started on Monday 10th Febnjary 2025 and were c￿npleted on Schedu￿ to enable a grand reopening forworship ¢)n Easter Sunday 20 Aw'l 2025. Responsibilty ￿the day-t￿daY prciect management was held by a Prqect Mantyement Team u)nststing of ts ccrfnbined members of the Prc4ect Team, Property Team and Tfy*nul, Comfrts arKI V*)r5hip c<)0rdir￿Or. Vthibt the major rtems of work were carrEd out by speaalust c¥)ntradors. membws of the Project Management Team did a huge amount of preparatory work, including delivery of and chaits to their new hcrfnes and cleaning stonework. During the perKKI of the works our tr40 Suntsy moming servKes Ilnformal and TrnditK)nall continued in the church hall. with chiklren's church opernting from a numbw of smaller nx¥ns. For financial impxt see Fi￿r￿la1 Revvw bebw. Prc4ecl su(£ess ￿ OLrtoJm This project was the cuhnination of many Yea￿ of planning. and tts Comp￿￿￿ on schedule and on budget is a remar*able achw8menl. This has includ8d the generous financial suN*yt of the church members, the Circurt, and the Distri(*. Since reopening on Easter Tr4y. the thurch has hc61ed an(Vor run a number of large scale events which have greaty ber*fil￿ from the much fiexilMIty and capabilty gained through this project. induding.. A Communty Fun Day on 10 May 2025. to whth over 31Kl members of the communty came", Games & Glue craft and games sessk)ns for primary sthwl thildren hekl throughout August 2025. to which a total of over 100 thibJren came,. Sty and Play ￿K￿ningS for carers and tC4Jdkr also hehd during August 2025. to which 8 total of over 100 children attended.. and our Train Fun Day hehj on 16 August 2025 at whith we welcomed on to the premises 3l￿ vtsit￿s £1.oixI for our two chosen charitss The Page 4 n metThod￿t Lhur *¢e rt ot Ine InJsTees nded 31 ust 2025 ACHIEVEMENT AND PERFORPAANCE (cofitlnu•d) Bulldlng Malntenanco In addition lo the extra ¥Kvk invdved in $UFv￿.r￿￿ the Shawj for MM#)n ProJe(i cmjr propety maintenar team have continued to Wotk hard to keep bulkJir￿ in excellent condition and d￿0￿￿)n. The p8riod covered by this report induded redecoratth and rerbewal offurnrture in ￿￿SleY$. The Mlnlstry Team Our Ministy Team consists of Iwo ordained staff, Rev Mark Hammond De￿7 Sarah WK&ett. plus one lay member, Lewis Cox (Commun￿lI0n$ and INorship Cctrfdinator). This team has continued to meet regularty to plan our sernon series and W0￿hP lo ensure we rrrake full use of the gtfts and graces of our membership. Atthe end of February 2026. L)e￿n Sarah Vld(ett will be leaving High Street lo take up her nth¥ appointment in the Realing Circuit. At this stage a profile is not being prepar&J lor a new Deacon. and further conshderatKJn is to be given regard￿g the shape arKI make up of H￿h Streeys *Jiure staff le￿ in order to reflect both the l￿dS of HKJh Street and the availabl￿ of udaiied nNnistets throughr￿ the Methcxfist Church in Britain. Support Staff Our staff team. made up of empbyees plus a number of full-ts"ff￿ volunteers. has continued to $upp)n and netp deveKJp ano communKxe ai as a cnur¢n. AS nas a￿ayS Ogen me case, me staff team Supports and is supwrted by a vast team of vc4unteers. who a￿ engaged in all activit*s across the church. Recruilment of volunteers continues to te an ry￿rtant part of1￿ process and we are conlinualty short of volunteers to do dl that we wish lo do. Youth Work Our Lead Youth ￿lyker, Ruth Lindridge continues lowork arrw us with errthusk3sm arml care. Ruth continues lo build strong re1atbjnsh￿￿ with the yourg people. pwents and church members. A small but very committed group of volunteers work with Ruth on the youth team, aThJ it remains a PlK)nty lo grtrw this team and develop the youth programme. Chlldren* Chuv¢h Children's Church continues lo operate at each Sunday morning service. The Chldren's Team worked with the youth worker. Ruth Lindridge to plan this yearfs tran$rt•Jn. The year 6 chi5dren moved into the LX at thè start ofJune. Ex•rnples of Som• of Our Many Iniliatsv•s: Tea @ 3 . This weekly afterTrJ)n for okjer ffthibers. for felbashp. friendshi) and spirttual conversatw)n continues to thrive. Home cC4¥wn￿ . Our c￿Uni)n Tewn have continued io offer extended ConMnun￿n to those of our Cfwrch Community who are houseiM)und. Buiklirg Blo(kn- Building Blockn has conimu&J and is still *ry rwlar for parents and tcthlws. Alpha and Bible Courses. and homegroups- During this year we ha¥E wn regular ￿)ha and Bib￿ courses lo supp)rt the spiritual gr(y•Ah of all comers. and we have continued to encourage and surwrt our many church home woups. P495 ACHIEVEME1￿ AND PERFORMANCE Icontlnuod) Ill••ion A¢¢lon Plan1202K0261 On 29 Juty 2025. the Church Counryl agreed a MISS￿ fv£tion Plan for the t4¥elve I￿nthS starting 1st September 2025, following a prc¢ess of consultation with Ihose invofved in Ihe wort( rf the •Trlu(kng I￿)ut from our BVJ Day In IGerwal Church Meetyw. l on 28 ju￿ 2025 FINANCIAL REVIEW Flnancial positlon The Tewlts forthe vear shtr*n 17 and 18. Key fwwial events" Overall income for Ihe ehur¢h in the vear fell b¥ £599.143 to £720.9W. Hrywe¥er. the 202J4 fiour8 inclu both a one-off donation folluwing the transfer. at Th) cost. of the freehokJ witerest in the Co-op supemiarf(et al 130 Southdown Road. Harpenden, Herts ALS 1PU to High Street. valued at £8￿1.0￿. as well as &)uthdovm's cbsing cash balan￿ of £70.694. Of this. £49.694 was alkKated lo the Medium-Tefm Propety FurKI and £21,000 to the D@s￿nated Youth FuTrJ. The 2024r25 fgure includes donat￿. reL4tgJ grft aid and grants for the Shap&J for Mission project totslling £295.378. Recurrent IrKOr￿ fell by £23.826 to £425.523 in 2024125. Overall expenditure i￿eaSed by £92.478 to £510.237. Ho*ew. this incbAes re¥enug c4)sts ￿ the Shapwj for Missw)n prcy&* of £47.783: recurrerrt expend*ure was up by £44.691 k> £462.453. Thus, alihough there is an obwall rep)rted net Surplus of £210.663 in these aco)unts, there K8 an ¢werall recuffent net dthit of £36.954 {2023r24: suryAus of £31.587). I Ora m¢>)Th In me unresubxeo wnos iÈ)eth tun¢ transtersl feli ty £44.758 to £457,189. but Ihe 2023f24 figure includes the £70.694 from Souththy•m mentK)n•J aimm. Re￿[rent Unrestri￿ inc£¥ne rose by £25,937. Overall unrestricbd expendiiure rose by £46.227 to £435,796 T￿ing prTharity the indusion of Total incc*re in the Restn"eted funds irthased by £292.513 to £310.609 on the bad( of donations and grants for the ShaFed for M￿lon Proiect, while total costs on Restricted fvnds rose ty £46.251 with £47.783 attributable to the Shared for ML$s￿ft Prg&L Rotsr¥o8 poIIcy The Church's Financial Reserves P￿1¢Y deals with our Ger*rnl Unrestrhxed Fund. Other Funds, detailed in these accounts bul whth do notf(Nm Wof Res8￿*$frff PU￿>se501m￿Ir*nen1 ofthe F*wKial Reseryes Poly teiow, are.. Medium Tem) Propety Fund {Oesw8 Youth Work Fund (Designated) Youth Woth Project (Restri(aed} AudKJ ￿￿Ual Fur￿ IRestrKted) Special Colkctsons (Restricted) Church PremÉses (Pemwnent ETrJ¢yrnt) MissKK) De•t Fund {De&gnated) Organ RefVfbtsh￿￿t Fund Icwnated) Benevolence Fund {Restricted} Legw Fund for Fky*ers IRestrKted) Heating Pro1￿1 Fund (Restricted) Shaped for klLssDn Fund (Restricted) P￿6 nden kIetho￿ts1 Chu rt of the Trustees rthey rEn FINANCIAL REVIEW Iconthiued) 1. Gen•ral Fund In the General Fund. overall inccrfne rose by £35.932. wynarity the to Ihe inaugural inclusM)n of the Southdown Cow rental income of £34,375. The Bar*s ￿ase ran to 301h June 2025 but was not renwed due to the opening of a banking hub in Harperthn. Revenue from Herts County Council held constant as they continue to occupy the space in the rear rcoms under licence and pay rent. The annual I1￿ce for 2025 has yet to be renewed as the tenant is continuing to 0￿pY the premises and pay the ficence fee at the 2024 rate, trustees are confident that the 2025 licence will te renewed. Ino)me frcffi giving including Gfft ￿"d rc¥se by a diminutive £4e6 to £261.091. There *Ere again no *g￿les. ￿, dOnatiC￿ slpped by £2.C63 to £19.110. Expenditure in the General Fund totslbj £427,761, St￿ £54.870 up prevK•us year. Our assessment rose by £28.672 due to the indvsion for the first tine of the Southdown assessrrwt. Repairs. induding lor V*sleys, r¢)se by £3,040. Legal & professb)nal fee5 were £8.639 higher. atthough £1.700 of these were Required transfers to top up the Organ. Heating and Aud*>VLsual Funds tcrtalling £16,313 were made. as well as an initial transfer of £3,652 to the ShaFed for m￿￿K)n fvnd to prowde for the depreciation of the chairs, tsbles, I￿￿ts"ng and blinds from 1st March 2025 when the assets were deemed to be in use. Tcb3ether these totslled £19,965. No transfer was m* to the Medium Tenn ProFerty Fund, as exptained beknv. This leaves urrent Operating Defvt in the General Fund of£35.3*. The Y l R£8trlctsd Funds The Shaped for MissN)n Fundwas eslablished to record thefinances relating to the ShaFed formission buikling PfojecL t)ofia￿ns, asxri*ed Grft Aid arKI grants totslled £295,378. The project itself In¢lL￿ed removing the pew3 frorn the church, sanding and re-sealing the floor. ￿deCOrating the inside of the church. the acquisition ol new Stackab￿ Chai￿ trJ rep*e Ihe ptrK8. ￿O4r1erKlty Iwjhting and electric blinds for the souih transept. Ccjsts ￿ de￿￿ble Fixlures and Fiiti"ng5 in the year tolalled £182.590 and depreciation of £3.652 was prov*Jed. £30.149 was exFen(kd on **Jrt￿s to freehohj prerni8es at High Straet and added to the ErK1¢7wed Prom Fund. Prop8ty assets totslling £46,898 were scrapped as a result of these works. £44,131 expended on property repairs needed as a result of the projec( primarily re- d￿)lating the main church space. Bank deF￿ of £42.182 ￿ma￿l al the Central Finance Board representing al dcor widening in the Scmjth Transept. bl the provIs￿ of a phqr)o, c), additThial improvement wort(s currenty beiThJ SpeCff￿ for &iMp￿IDn ￿ 202¥2026 and d} the first tra￿? of annual depreci*ion transferred from the Gewl Fund. The 8¢nevolence Fund accommodatss all our SHARE xtivffjes whlie simuTraneousty meeling the requirements of Standing Order 651. Dcrf)ations tolalled £7.128 and onward donations of £6,633 were made. including vouchers for Chrislmas SHARE and a variety of children's and famity xtivit￿S for Summer SHARE. The Standing Ordefs of the Methcxlist Church plxe restriCt￿n$ on the BeneV￿nCe Fund and it is I￿esSary to keep a portton back for one-off items: su￿￿lL￿ fvnds will be to suppyt Fe¢* in need. The Speryal CollectKJns Fund houses colb8ct￿s mounted ￿Ularty in supportof third-paty charities that share the church's Charitab￿ obJectNes. These funds are ckaty restri￿ as lo use and are passed to the third- paty charities without delay In 2024r25, these totalled £4,91012023124.. £8,009) The rnstrictwJ Youth V4t¥lt FuThJ was d(v•4n to its fum extent wi 202Y24. with On￿ irrteresi of £186 remaining at yeaf end. This was tranthred to the Desonat&J YLKth Fund during the current ygar and the Jnd clos&l. New audio visual and Publ￿ •Jdress equi[￿t was instslled in 2020r2021 at a cost of £119.531. It is capitalised in the reStr￿ted A￿d￿)-￿is￿al Fund and is b￿"ng depr￿ted ¢)4Er 10 yeats. The one re¥tricted legacy l￿d at TPACP Ixcount 197061 haj a baknee of £1.573 at 31 August 2024. of whtch £800 was drawn dunng the year and earn￿rked for the proviS￿n of in the Church in line with the settk)rfs re8tridM)n. The remainmw balan(* of£838 wll (w this obithe fLY a whle yet The heating system project wa5 0)M￿ted in 2014115 and the ￿ed propety element of the expenditure was transferred to the Endowed Prop8ty Fund. The tsa￿n￿ of the expendrture, primarity the new boilers and controls. has been charged a9ainst this restritsj fvnd. It has teen capitalised arKI will be deprecsated over 30 years. 3. D•8lgnatod FundB The deS￿nated Medium Temi Prowty Fu￿3 recogniw tth the kn￿.terM repair u)mmthenls of our premises as well as their Unpredthb￿ b.ming and nature. The tnjstees undertake a comprehensive assessment of suth k)nger-lerni cydul liabiliti.es annualty. estimating their likety cost and probable timing. It was drawn upon during the year for the new elec￿ side dcK)r to f&ilitate disabkd access, for a felt repair of the South Transept r(xrf. for the skinming and ￿-Sealing of Vlesleys. IIc*)r and for fencang betsveen the rear rooms and the car path. The opening balance at 1 September 2024 was £103.263. A fthv major items Such as sanding and re-sealing the Church fknr and redecorating intemally were induded in the Shaped tor Mission Project (see aix)ve} due to ease of xcess with the being taken out and have therefore been removed frcrfn the 2￿year propety plan. The rnsult is that Ihe Fund is fina￿lalty aThJ the d&isK>n was made to take a 'holpJay' this financial year and next from tOP-UPS frcrfn the General Fund. The ck)sing balance was £99,878. held al the Central Finan￿ Board. The Tntstees believe that the net balarte is adequate for fvture Mai￿ repair liabiliti8S. Pago 8 Ha en Meth(Kf￿1 Chwch Re ort of the TnJ for the Year Ended 31 ust2 25 FINANCIAL REVIEW (contlnuod} 3. D￿Ignated Funds Icontlnuod) The obj'ective of the MissN)n DevelO￿nt Fund 1$ io SUFwi the (J)st of impkn*ents"ng the miSS￿n strategy developed at the Church's Strategy Days. The (penirKJ baL￿n￿ at 1 Septemb&r 2024 was £297,300. The fund beneffted in the year frC￿ a £12,000 injeetK>n from the General Fund and £13,349 of interest received on bank deposits. The closing fund balance after inleresl was £322.649. held at the Central Finance Board {£176.591) and in a Mcxjel Trust Fund account at TMCP (£146.058) The designated Youth Fund opened the year at £148.256. n was drawn down from the General Fund by £46,749 to fund youth actMb"es. The lund benefited in the year frcrfn £6,671 of interest receNed on bank deposits plus unpwged giving of £2.677. The ck>s"rng bala￿e after inte￿1 irKome was £111.084. split as to £34.612 in a Dkndel Trust FuTrJ ac￿Unt at TMCP arKI £76.471 at the Central Finnce Board. The annual transfer from the Gerwal Fund to the Organ Refu￿IshMent Fund of £2.000 was made. taking its yearwend balance lo £20,365. 4. Endowm•nt Funds Foilcmiing the implementsti¢Jn of FRS 1tY2. a rewsed accounling FK)ky was estabfished arKI implemented as at 31 August 2017 (see A£countsng PoI￿leS). AdditN)ns and deletths from this fund occas￿ned as a result of the Shap&J for MisS￿n wciect are deat wilh atove. STRUCTURE. GOVERNANCE AND IAANAGEP Goveming docum•nt The charty is controlled by its govemmig dcthment a deed of trust and ￿r￿tIlutes an unInc￿poraIed charity. The charity has no subsidiary Un(￿rtakI.ngS. Organlsational structur• and managwnont Harpenden Methodist Churth was originalty fOrr￿d durirwJ th9 19th century but mved to its eurrenl premises in 1929 and is a churth wthin the Methodist Connexion in Gre* Brilain. Its address is High Street. Harpenden, Herts, AL5 2RU. Its constitution is govem&J by an Act of Parliament and. on 1 April 21￿9, it b￿le a registered charity Wbth registered number 1128950. The charity is a constituent church in the Vkst Herts arKI Borde￿ Methodist CircuQ an umbrella grouping of 22 local Methcp)intswiL Polhies are in pla¢e covering safeguarding. seriou5 inchjents *d ¢￿plaInts. The remunerat￿7 of employees is g¢)vemed by the Finan￿ Commrtlee and approved by Church Council. Remuneration for lower pa￿ staff. is wvemed by the rate set nationally by the LNing Wage FOundat￿n Correspondence relafjng to ffnanoal matters shouTd be sent to the Treasufer af the Church D￿e at the address Shown below. All other c¥>rrespondence shouhj be directed to the Minister, also at the Church Office al the address $hovm beb)w. Trustees are appointed to Churth Council by the General Churth Meeting and Chufch c￿jnc1I as and when vacancies arise. The Rev Mark Hammond. Presbyterial Mintskr. is the Chair ot the Church Council and Pameel Crowther-Nthvman is the Chair of the Le*rshy Team P¥9 Ha en Methcllist Church the Trustees h Y rEnd d31Au 20 STRUCTURE. GOVERNANCE AND lIANAGEME1￿ (Continued) R18k management The trustees. ad￿Sed by the Finance and Prcferty Committees. regularly examine the principal areas of the Church's operations and ￿nSider the major risks faced in each of these areas. The church has developed a set of Finanual Control procedures. to which managemenU$taff are committed, that ensure proper intemal control is maintained. TW are reviffwed ￿nualty to ertsure they remain apwtyriate for the charitys OFeralion. The Leadership Tegularty devdcys a detailed plan to ensurn the *jentI￿ rBks are revivwed at ￿$t annually and, where p0s￿bIe, action is taken to minimtse such risks. Church Counol then considers the risks identifEd by the Leadership Team's rwwi, the aclN)ns prop)sed and the systeff6 establkshwj to albyw these risks to be mitigated to an acceptable bevel in its day-tQ-day opera￿A$. Trustees undertske regular revivws of the Church5 invent(ry of assds and ertsures that the sums as8Lbred under its gk)bal Insuran￿ polw *quatetry TefierA the repknment value of such assets. A e4Jmprehensive review of suth values was last undertaken in January and thg inueases Tr) assurwj thed with effect from that date. The church ¢knes rK)t maintain a defined benefrt penwn schwne Ixrt makes contr11￿th￿S {defined in employment contracts). urthr auttrenrolment to the g)vemmenl SFonsored NEST pensK)n scheme. The church therefore has Tr) bnger temi renshjn liabilib'es. REFERENCE AND ADMINISTRATIVE DETAILS Rogist•r•d Charity numb•r 1128950 Prlnclpal addrn88 Harpenden Methodist Church High Street Harpenden Hertfofdshire AL5 2RU Page 10 Ha Chur of the Trus for the Year Ended 31 Au ust 2025 REFERENCE AND AOIAINISTRATIVE DEfAILS Registered Clwrity Number 1128950 Prlneipal •ddr•s8 Harpenden meth0￿￿t Church Hyh Street Harpenden AL5 2RU Tru81oe8 - prfnci￿l officern Rev M Hammond Minister Oéacon S Wckett Deacon M R IAtods Tr&3surer Thos• vkno sorvod 48 In￿te0$ durfng the year and to tho date of this r*port are •• follow•: Ministerial Team.. Rev M HammoTrJ Deacon S Wckett Circuit Appointees.. Rev R Hawkins (retired 31107r2025) DEd Churth Stavards.. H Jones K Jackson-Robbin$ (retired 011(W2025) A Sonola (retired 011c6r2025) N Gurra J Jacobs (retired 01106r20251 G Knwhtley C Knigh￿eY D Choi M Lawford A Efunbajo K So (appointed 01106r20251 S Wlliams•Ganta (appointed 011(W20251 R Jackson-Robbins (apwinted 011rw2025) Secretary ofthe Church Counol.. P Bayfield Church Treasurer. M R WoLxIs Pastoral Se¢retsry". M Grand Members appoinled ty COU￿￿. S Pearson P Black P CrThYther-Newman Lcox J Jacobs {appoinW 011(W2025} E Wane (retired 01106121r251 pa￿11 n Me1hthf￿t Church 1Au ust 2025 Th080 who s•rv•d x tnM1￿4 durfng the year and to th• dat• of thi• rnport arn •• follo￿ (contlnued): Representstives fr￿￿ the Gwal Church Meeting." P AU(ins D Crew (retired 01110r2W251 R Manning (retired 28106r2025} J Prentre J BrooktrHughes C Fletcher Iretsred 281CW20251 S Hammond C Lvrtis-Lim C Meillon S Morris M Pearson J Polley L Schlich C Walden P Winyard C Wollaston (retired 281CfA20251 K Jackson-Robbin$ (appointed 281L%f20251 A Sonola18pwJinled 28106r2025} C w￿ken8 (appointed 01109r20251 Hicks and Compary Chartered Accountants and stalulory Auditor Vaughan Chambers Vaughan Road Harpen¢Jen ALS 4EE Bankern HSBC Bank Pk 1 High Street Harpenden AL5 2RS Central Finance Boa 9 Bonhill Street London EC2A 4PE Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ UnFty Trust Bank p Nine Brind* Pbce &rMIngh￿ B1 2J8 (until 09105r20251 P•3e 12 den Methootst Church rt of the Trustees yor the Year Ended TRUSTEES. RESPONSIBILiff STATEMENT The trustees are resFonsible for prewing Ihe Rq*Nt of the Trustees and the fina￿la1 statements in accordance with appI￿￿e low arKI Uniled ￿ngdoM pa￿UntIr￿J Standards (United Kingdom General A¢cepted Aco)untiw PraL*ce). The law appIl￿ble to Charit￿ in England aThJ Wath. the Chant*s A(# 2011, Charty {Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees lo prepar8 financial stslemenls for h financkql year Wh￿ gNe a true and fair of the state of affairs of the charity and of the incoming re￿urCeS and applution of resources. induding the income and 8xpenthtU￿. ofthe ch*ity for that pgriod. In prepanng those financial statwnents, the trustees are reauired to.. select suitable aceounling policies and then appty them consistenty.. obsèNe the methods and prin&p￿ in the Charity SORP.. make judgements and estimatés that are reasonable and prLKlent stale whether ap￿ICable wjunts'ng standards have been f￿l￿d. suly￿t to any material departures discbsed and explained in the financbal statements,. p￿pare the financial State￿nts on lh8 9ing c(w b&is urths li is inapkyopriate lo presume that the chanty will continue in business. The trustees are responsib￿ fr)r keeping proper acr>)unting records whth disclose reasonable accuracy at any time the finanual wsitM)n of the chanty and to enable them to ensure that the financial ststements comtdy with the Charities Act 2011. the Charrty (Accounts a￿1 RetKfftsl Regulattins 2008 and the proVis￿r of the trust deed. They are a*0 resFx)nSib￿ for safeguarding the assets of the charity and hence for takin9 rea$(Th￿ s(eps the prevenkn and deteckn of fraud and other ryuknti8s. Approved by order ofthe board of trustees on .. . Rev M Hammond- Trustee P•¥ 13 rt of the Inde rtdenl Auditors to the Trus t Chur Oplnlon We have audited the financral statements of Harwden Methodist Church (the 'chanty') for the year ended 31 August 2025 which comprise the Statement of Financial A£tivits￿, the Statement of Financial Posit￿. the Statement of Cash Flw and notes lo Ihe financial statements. includirvJ a summary of sb3nrfKant actounting Pol￿￿. The financial reporb.ng framewth that has been appl*d in their preparatp)n is ak¥JlKable Law and United ￿n9th)m Acccyjnbng Starh4ards {United King(hNn Genwdty N£cepted knounting PractKel. In our ovn￿n the financial Stat￿T￿nts.. give a true and fair view of the stste of the charity's afTrairs as at 31 August 2￿25 and of its irtcoming resources and applKation of resources, for the year then end&l", . have been prcferty prepared in act£1rdan￿ with United ￿"n￿J0rn Gewalty Actepted Accountwu Prnctu: and . have been prepared in accord￿ with the requirerrents ofthe Chariti85 kt 2011. 8a818 for oplnion We conducted our audit in accor￿ with Internath)nal Stsndards on Audibng (u￿ IISAS (UK)) and app1Kab￿ law. Our responsibilitss under those standards are furtherdescn'bed in theAuditors' responsibili￿$ for the audit ofthe financial slatements wtion ofour rep)rt. VtyÈ are IndeW)de￿ ofthecharity in ￿[dance with the ethi￿1 requirements that are relevant to our audil of the financial Stste￿￿nts in the UK including the FRC'S Ethical Standard. and we have fuhllbj our other eth￿al reSE￿n$￿ill￿es in xc4Jrdance with these requirements. We beI￿ve that the audit ewdenee we have obtained ts suftwt and appropriate lo provide basis for our opinv)n. Conc1￿k1￿ rglatlng to going Conwn In auditing the financial statemen15, we have corKluded that Ihe trustees. use of the g)ing CO￿ bas18 of aceounting in the preparation of tr* finanoal statements i% appropriate. Based on the woth we have Ferformed. we have not thntified ary material unCerta￿lieS Yelating to events or COr￿￿(lonS that. individualty or collectNety. may (xst significant Iloubt ¢)n the charity's ability to o)ntinue as a going concem for 8 pervJd of at least twek4e months frrffi T*then the financial statements are aLrthorised for Our responsibilit*s and the responsbilitss Ihe trustees with to wiThJ Con￿ are de8c*bed in the relgvant sec*"ons of this repyL The trustees are resrrf)nsible for the other irrfomiation. The other infonnation comprises the infomialion included in the Annual Repryl other than the fmar&al statements and our Report ofthe Independent Auditors t*weon. Our cpinion on the finawal Statem￿ does not cover the othef Irf0rrr￿l)n aThl. except to the extent otheThvise 8xplicty stated in our reprt we do eyprnss any frym cl aSsurn￿O ¢4)￿lusIon thereon. In connedion with our audit clthe f#Mncial stateme￿. our responsibilty is to read the other information and, in doing so, consider whether the other informatK)n is materialty inconsistent with the finanaal stslements or r kn¢ywledge obtained in the audtt or otwiso appearn to be m*nalty mi8ststed. If we identify such material incOn￿stenc1es ￿ apparent maten.al misstatements, we are required to detemiine whether this gNes rise to a material misstatement in the financial sL￿ernents thernse￿. If. bawj on the woth we have perf0m￿d. we enr￿lUd$ that there is a material misslatement of this other irrfomwti¢M, we are required to report that facL Vk have nothing to re[#￿1 in this regard. Mattern on vknlch tA* arn r•qulrod to r•port by •x¢epOon We have nothing to rewrt in resp8Ct of Ihe folhMng matters v4here the Charili8s (knunts and Reports) Regulati)ns 2CO8 requires us to rep)rt to you rf. in our ￿1n￿)n.. the infomiatDn given in the Rewt of the Trustees ts inca)nsistent in ary material respe¢t with the fin8rKial Statements. or sufficient accounting reo)rds have not been kepf or the financial statements are not in agreement wth the accounting r￿d$ and retums. or we have not received all the infomwtion and explanat#)ns VIE require for our aud Page 14 rtoftheln dent Au¢Srtors to the Tntslees of den Methodist Church Ha P¢#ponslbllliles of tru8lee8 As explained more fvjlly in fv Trvskes. Respw*tslrtw blatemrt lh8 trustees are resFK)nstJl8 tor the preparat￿n of the financial $L*m￿ts whth gNe a tn* aThJ faw and for SLth intemal Control as the trustees determine is ne￿Sary to enab￿ Ihe rryaratK>n of finarwj Stat￿nents Ihat are free from material misslalemenL whether due to fra￿3 or er[c￿. In preparing the finarti81 statemeth. the trustees are reSp)nsbleforasse￿rKj the charity's abilrty to continue as a going concern. disck)sing, as apPI￿ab￿. matters r81aled to going concem and using the going concem basis of a￿Ountr.ng unless the trustees oither intend to Ib4UKlate tharity or to cease OPerat￿n$, or havg no reakn.￿￿ altemative but to do so. Our ra8pon8ibilltlas for the audll of the flnanclal slatemonts We have been appointed as auditors under Seclion 144 of the Charths 2011 and re[￿ in accordance with the Act and relevant ￿gUlationS made or having effect thereunder. Our ¢)bje¢tNes a￿ to obtsin reasonabbe assuran¢e at￿rtWhthr the ￿an￿01 ststements as a whole are free ffom material m¢sststement, whether due to fra￿j or error. and to issue a Report of the Independent Auditors that indudes our opin￿. Reasonable assurance is a h￿h Wel of assurance, but ts not a guarantse that an audrt condsjcted in acefjrd￿ with ISAS (UK) wll atrways debx a material misststement when r( extsts. Mi5sL*ements tsn arise from fraud or err￿ and are o)nshJered material rf, indivkdualty or in the aggregate, they could rea50nabty be exFecied to infiuence the econom￿ deCIs￿n$ of users taken on the basis of these financial slatements. The extent to whth our wrnlures are capable of deteding wregularthes, incwing fra￿j 1$ dets1￿ bel¢)vr. Irregulant*s. Induding tra￿. are Instances d non-comp￿r￿ T*rth laws ano regU￿nS. vve aeggn procedures in line with our responwbih'tw. outlined ab)ve, to detect matsrial misstatements in respect of irregukgribes. including fraud. The ext*rt to whth our pffKedufes &e capable of detecting irregularities, Including fraud is detailed tth.. Based on our understanding ol the entity and sedor in whK* it opw*es. we Mdentrfi8d the principal risks of non.compliance with and regulath)ns relating to th8 limrtwj company. also conswjered those laws arKI regUL3t￿nS that have a direct impact on the preparntion of the finanual statements. ￿ communuted identsfied L7ws and regula￿$ through(xrt our team and remained akrt to arty indutKsns of non-complk4nc£ throughout the audiL assessed the susceptibilrty of the companies, ffinancial Stat￿nts to malefial misststement. induding obtaining an understanding of how fraud may ¢xrJJr. by making enquirie5 of the directors and management as to where they considered there was suscepb'bilty to fraud and considerirwJ the intemal controls in plaee to mitvjate fraud risks and rWJn-cry￿lan¢e with laws and regulatths. In Tesponse to the risk of fraud through management bias (induding the risk of override of controls) and the risk of irregularit*s and nonTh commith.ng the Chanty to that expenditure. it is Probab￿ that a trartsfer of economic benefits will be required in settIen￿l and the a)w)unl of the obfyatK)n can be r￿aSured refiatty. Expendiwre Is accounted fe￿ on an arnals basLS aTrJ has been dassifioj under headings that aggregate all costs related lo the calewry. Imiere costs cannot be directy attrttArted to particuLgr headin9S thffy hwrfe been allccaled to activilies on a baws consistent with the use of rEsources The trustees have undertaken a Teviwl of the diSck)sU￿ of charit*e Xtivities costs in the aco)unts. In their opinion. the Church has onty one overall xtivity for accounts dI￿lOsure purposes. Ajso in their opin￿n, rt would te more appropriate to analyse ts chaniable actiwties costs in line with the expenditure heajings used in the Church's management &xounts. The accounts have therefore been prepared on this basr6 and ￿ cC#nparalp￿S slwy*n swnilarly. Allo￿tIOn of costs Costs are allcKated to the fund to whth they relate. Tangible fixod as8•ts Church knd and buildings: The Trustees for Methodist Church Purposes are custorf￿n trustee for the church ￿nd and premises, which is Model Trust property. and they hold freehold trt￿. In 1978. tsvo leases for temis of 125 years were granted on land at the rear of the churth. One. a head ￿ase was granted to T&E Neville Ltd (now Nevil￿ Trust) and Davenwt House was Lwilt ty thwn C￿ that kned land. The other lease was granted to St Albans District Council. at a peppereorn rent, for W￿lt is now the counul car park. In aCx0rdan￿ with the ThplK*K)ns of Stsrwjiry Ordws. these fvnds are sh¢xTn as En(*Med. Under the provk8w)ns of FRS 102. the Churth Premws can either be Stated al a value based on a form81 valuation or at eapitalised histoit cost. In view of the drf￿ty and expense in obtaining such a formal valuation, the Church Premises have been stated at caprtalwd histor￿ cos( at 31st August 20158. of £964.716. Subsequent addrfK)ns have been caytalised at ¢yJst. induding £30.149 in 2024r2025. This similaty applies to the Churth Organ whth has a ca￿￿liSed htstoric cost of £nil. Ouring 2023r2024, the Circuit agreed to transfer. for no Conshderat￿n. the k¢al managing trusteeship of the freehold proFety at 130 Southdchvn Road to H￿h Street wth eff￿t from 31s1 August 2024. As Harpenden Meth¢)disl Church with the existing H￿h Street premises. the TnJstees for Methc*Jisl Church Purposes are custodran trustee for the thurch Jand and wemises and they I￿ld the freehold trtle. Page 21 nden Methodist Church Not8s to the Financial Statements- Ye 2025 AccoupinNG POLICIES- ¢ontIn￿d Tangibl• fu•d a38•ts - Gontlnued These premises (the Halls) are sUl￿di¥￿￿ed a) the supernarket premises crcupied by the Ctrop under a 99-year kase from June 1980 and b} Ihe upper pats to Harpenden Trust under a 999-year lease from December 2022. The supemiarkel kase currenuy o)mmands an annual ￿rtt of £37.500 per annum (review June 20251 but the Harpenden Tnjst lease is at a peppercom rent. The rentsl income from these leases has fbxfn to Hyh Street with effect from 1st September 2024. In Nryew of the length oflhe HarFenden Tntst lease and ts l•* r￿tal strewn. it is rK)t considered that this propety has any current eaptsl value. Hrywever. the Co-op lease still has 55 years to run and an infom)al Va￿atIon received su93ests that. atan inveslment yield of 5% based on current rentsl value of £40.CQO per annum. this propety has a cJJrrent capital value of £8(M).000 and, as the propety Is owned by Trustees for Methcmjist Church PurFK)ses as custojkin tnjstee and High Street has no capability to tum this ¢aprtal into ineome. the freehold propety has been treated as Endowed and aiNtalised at the above-mentK)ned vau8. The dePrec￿ti￿ policy for Church Premises is 2% pw annum on c¢xt As the deprecthn caku]abon is based on costfvaluation ￿ res#Jual Yalue a￿a as the residual va￿e is not exF*ctad to fall beb)w cost, the depreciation charge ts £nil. Other fixed assets. Following the completK>n of the heatng systan W4ect dufing 2014r2015. ts equipment element has begn rnprtalised and o¥er 30 yeaTS on a str8KJht4ine basis. Following the completion of the ShaF*d for Miswon project during 2024r2025. the equipment e￿rnent {£182.590) has been capilalised and depreryalgj ¢)ver 25 years C￿ a stravJh14irke basis from the date of the proieLYs e4)Mp￿tK)nl28I02r2025>. Computer and PAIAV equ¥rnit we d8pr8ciated at 21YA per annwn on cosL Items of fixed capilal expendriure atove £3.000 are cawtaliqed and depreciated at an appropriate rate. Taxatlon The Church's surpluses are deiNed from. arKI are aFpli&J t(wards, the maintenanc* of charitable activities and as such are not SUbi￿t to taxatth. Fund accoufiting Details of the natyjre and pUr[K￿ (* each fiJnd is set out in note 16. Legaci•s Le9￿￿ are credited on recept to the relevant fund as iThJK*ed by the wishes of the testator. DONATIONS AND LEGACIES 31.8.25 Tol•l fund8 31.8.24 Total funds Un￿$trIc￿ed Restrctgd EThJowment funds ftjnds Pledged Collect￿n$ Gifts and donat￿nS Income L7x refijnds Grants received Unpledged cdlections Sundry income 193.578 6,428 48.351 2.677 19.162 193.578 151.870 1¥2,215 898,401 47.548 145.442 31.987 129.986 132.663 19,162 21,415 577.611 1.169 579 Page 22 onlinued... Ha nden Met t Church Notes to the Finanual Statements- txntin for the Year Ended 31 Au ust2 DONATIONS AND. LEGACIES - continued Grants r￿eNed, included in the above. are as foll(pws: 31￿.25 31.8.24 Other grants 132.663 During the year grants totslling £132.663 were ￿ved. £129.986 of whKh were in supp)rt of the Shaped for Mission proied Of this total. £71.327 was receNed from the West Herts and Borde thodist Circuit and £58.659 frcrn the Beds. Essex and Herts MethodK8t DistricL OTHER TRADING ACTMTIES 31.8.25 31.8.24 Total funds funts funds frjnds fvnds Contrtbution$ for use of premises Ground rent DavenFOrt House Coffee bunge Rental In¢ome- Crf)p 71.922 71.922 74.892 581 19,110 26.581 19,110 19,203 21,173 115.268 INVEsfMENT INCOME 31.8.25 Total funds 31.8.24 Total funds funds funds funds Interest and investrnent income 3.194 38.160 31.8.25 31.8.24 Total funds fvnds fvnd8 Sundry T￿lP1S on sales of equipment 39 39 CHARITABLE ACTivmES COSTS DirerA Costs {see cx)sts {see note 7) nc*e 81 Totsls Charitable activiti8S 288.970 510.237 Page 23 )ntinued... Ha nden Methc4Jist Church estothe Fina tstem for the Y r Ended 31 A ust2 DIRECT COSTS OF CHARtrABLE ACTMTIES 31A.25 31.8.24 Ministerial l Administrative staff costs Encountering God eosts Equipping God's P￿pIe costs Extending God's ￿n9(￿)rn costs Youth IAbrk costs 198.898 169.357 4,017 131 37.543 654 36.525 288.970 257,358 SUPPORT COSTS Comms / Marketing Operatmy￿ Finar Tolals Charitable activities 134￿32 66.314 TRUSTEES. REMLINERATION AND 8ENEFrrs There We￿ no Irustees, rernuner8t￿ or other benefts for the year ended 31 August 2025 ncf for the year en¢Jed 31 ALVUSt 2024. There were no trustees, expens￿ paKI for thfr year endèd 31 August 2025 for the year ended 31 August 2024. 10. STAFF COSTS 2025 2024 Wages and salaries Employefs pens•)n c4)ntributrons Employer's sccial securty costs 126,620 6.616 114,342 6,024 Total Staff Costs 144,609 128 703 Vthh effect frtyn 1 September 2015, qualrfying enwIoye￿ a￿ 'opbY4nto' the govemmenfs auto- enrolmefit pens#)n scheme with matthed contrbutions from the Churth to a maximum of 6%. than as shtr*n below arKI in Note 17. none of tr* trustees nor per%>ns (Xffln￿ted with them received any ￿muneratIon, expenses or(rther beneffts from the Church. The contr•* ofemployment for the 3 trustees bdow were entered into by the church with the due authority of Church Council. Lewis Cox. the church's Cwdinator for Erwuntering God and Communicatsons. ts land was at 1 September 2024) a trustee. He rec*Ned remunerth.on of£38,480 in 202412025 under his employment contract {202312024 £37.LKJ1). Addrtionalty. the thurch paKI £2.309 of employer pension contribLrt￿nS in 2024f2iy25 under this contraa {202Y2024 - £2.2201. Louise Sthlth, the church's oifKe Administrat(Y is {and was at 1 septem￿ 20241, a trustee and her services were provided to date under a contract of ￿plOYMent with the church. In 2024r2025. she received r￿uneratIOn of £13.117 under her em￿n￿ntC0ntraCt{2O2￿2O24- £12,612). Additionally, the church paid £656 of empkymer pensicffl contribut￿nS in 2024r2025 under this contract1202312024_ £631). Page 24 continued... Ha nden MethtsS￿t Church Notes to the Financial Statements - conts"n r the Year Ended 31 Au ust 2(r25 10. STAFF COSTS- contlnued Salty Hammond is {and was at 1 September2024). a trustee and her Serv￿ as an assi8tanl caretaker were provided lo date under a ccffltract of empbyment wrth the thurch. In 2024r2025, she received remunerath.on of £7,954 under her empb)yTrent contract {2023r2024- £7.681}. Addith?nalty. the church paid £477 of emptyer pensmin eontr*>ubons in 2024r2025 under this contract (2023r2024 - £4571. The average Month￿ number of eMpkn￿ during the year was as follows: 31.8.25 31.8.24 No employees received emohjments in excess of £60.(￿. 11. COMPARATIVES FOR THE STATEME*￿ OF FINANCIAL ACTivrriES Unrestricted Restricled End0Vm￿nI funds funds lorai nds INCOME AND ENDOWIENTS FROII L)onalions and legaues 354.994 14,585 800,1￿ 1,169,579 Other trading actIv￿e5 Investrnent Inco￿ 115,268 31,685 115.268 35,196 T¢)tal 8(M) 000 1.320.043 EXPENDITURE ON Charitablg activltles Charitable xtNths 417 759 INCOMEI{EXPEla)ITURE} Tr4nsf•rn between ftsnds 112.378 <10.094) 743 ￿43> 8￿.000 902.284 N•t mov•m•nt In funds 113.121 110.837) 8IXI,000 902.284 RECONCLIATION OF FUNDS Total funds brought foThvard 6%.972 210.196 964.716 1.871.884 TOTAL FUNDS CARRIED FORWARD 810.093 199.359 1764 716 2 774 168 25 continued... nden Methodist Church Notes to the Financi tements. continwj r Ended 31 Au ust 202 12. TANG18LE FIXED ASSETS Cryuter and PAIAV Equpment Land and Buiklings and Fthings Totsl$ COST At 1 September 2024 Additions Disposais 1.764.716 30.149 70,807 182.590 157.687 1.127 1.993.210 213.866 At 31 August 2025 1747 967 2 160 178 DEPRECIATION Al 1 September 2024 Charge for year 23.600 71.449 95.049 Al 31 August 2025 NET BOOK VALUE At 31 August 2025 1747 967 73 692 2 045 444 At 31 August 2024 1.764.718 47,207 86.238 1,898,161 Under the prOvis￿nS of FRS 11y2. the Church Prernises 12n either be stated at a value based on a fornal valuation or revert to caytslised histcrfic Cost. In vw of the difficumy and e>pense in obtaining such a formal valuatKn. the Church Premises were slated at camalised htstoit cost of £W,716 at 31st August 2018. In the yearto 31st August 2024. thefreehold prefflLses ofthe supemiarket premises at 130 Southdcwn Road. Harpenden were transfefred to H¥Jh Street were valued. by reference tt) the then passing rent. al £800,000.The UFper parts of these ￿￿emiseS are let to the Harpenden Trusts on a 999 ye¥ kase from De￿rnber 2022 at a Peppe￿ rent and Tr) capital value is assumed for thi% element. During the year to 31st August 2025. the church completed its ShaF¢d for Mission pro1￿1 (see Trustee Annual Repjrt abJve} to maximise the effetxive use of Ihe main thurch space and expended £30,149 on prwrty imprOv￿ts land prorerty assets of£46,498} and £182.59) on related Fixtures and Fitb"rbgs. P•Je 26 continued... Ha nden M hurch Notes to the Financial tale￿￿t . contin he Year Ended 31 Au ust 2025 13. OEBTORS: AMOLINTS FAWNG DUE WITHIN ONE YEAR 31.8.25 31.8.24 19.6Tr 27.618 49,903 Prepayments 77,521 14. CASH AT BANK Total funds furAts funds fund Trustee for Methrxjist Pufpc6es accounts Deposits w¢th Centra Finance Board Other bank a¢￿Ints 180.670 541.557 43.836 181.508 670,362 43.836 128.805 786.(￿3 129.643 895.7C 15. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.8.26 31.8.24 Trade crwj1t￿¥ Social ￿rity and other taxes Other Credit￿¥ Accruals and deferred irKome 2,196 1.C61 13,861 Page 27 continued... nden Methodtst Church Notes to the Fina Year Ended 31 Au nl ust 20 16. MOVEMEKf IN FUNDS Net Tran4ers At 1.9.24 furKIs funds 31.8.25 Unrestrlcted funds General fund DesKJnaled fund - Propety Fund De$hJnated fiJrKI . Mission Deveb)p))ent DesKJnated fund. Y¢>Jlh Trj￿k DeswJnated fund- Organ Repair FuThJ 243.n17 103.263 297.300 148.256 14,784 269.734 99,879 322.650 111.083 (3.3841 13,350 12.000 146,559) 810,093 21.393 {17,775) 813.711 R8Stricted funds Special COllect￿r Healing Project Youth Work Legacies AV Project BeneV￿enceJSHARE Shaped for Mission 13} 71691 73,849 (190) I￿73 121A31 3A76 838 123.241 4.105 110.1431 26 247 617 ￿7) 199,359 236.168 {12.374) 423.153 Endowmont fund• Church Premises 1764 716 1747 967 TOTAL FUNDS 2n4168 210.663 2 984.831 Net movement in fund& inclLthd ￿ the above are as folkn•ts'. Incoming Resour￿ Movement Tesourcos expen(led in funds UnrnstrIc￿ fundB General fund Deslqnated fund- Propety Fur¥J DesvJnated furKI- MissKJn tkvebwrtnt Designated fund - Youth Destgnaled fund - OryJan Repaw Furm 429.004 4.652 13,349 (427,761) (8.036) 1.243 (3,384) 13.350 9,380 798 457,189 {435.796) 21,393 R•stsi¢t•d funds Speual Collections Healing Proied Youth Ihbrk Legacies AV Project BenevolenceJSHARE Shaped for MisS￿n 4,910 1.158 {4,913) {2.3601 (3) 11.202) (735) 110.143) 629 1.810 7.261 111,9531 (6,6321 310,609 174841) 236,168 Endowmwrt fund• Churth PrernBes TOTAL FUNDS 767.798 557 1351 210.663 28 tinued... Ha den Meth d. Churth Notes to the Financial Statements - for the Year Ended 31 Au ust 2025 16. MOVEMENT IN FUNDS- contlnued Compafatlvo8 for movem•nt in funds Transfers At 31.8.24 At 1.9.23 in funds fijnds Unre8trfcted funds General fund OesKJnated furKI - Propety Fund Designated fund - Miswn tkvek*w*nt Designated fvnd - Youth Wofk DeS￿nated fvrKI - Organ Repair Fund 215.555 47.267 266.397 149,772 15.929 39.128 30.904 28,831 12,221 16,869 243,705 103.264 297,301 148,256 130,347} 6*.972 112,378 743 810.093 Ro8trlctsd fundB Heating Proj￿1 Youth Legac￿$ AV Project 71.539 14.49) 1,496 120.043 {l.2r￿) 751 72.693 185 1,S73 121,432 3.476 {15,056) (10.564) 11.953 210.196 (10.094> {743> 199.359 EndO￿neTht funds Church Pr￿lSe$ ,716 000 1,764 716 TOTAL FUNDS 1.871.884 gX12,284 2 774 168 C(rfnparali•e net #) funds. incknled in the St￿Ve are as fdk•xs.' Inccffling Resources Nthiv￿ent in funds UnreStr1et￿ fund¥ General fund Designated fiJnd- Property Fund Designated fund. MiSs￿n tknkjW￿nt Designated fund - YoLrth Vknrk ijesignaw Tuno- vrgan Repair Fund 388.881 52.392 30.903 28,831 {372.9521 {13,2641 15.929 39.128 30,904 28.831 501.947 1389.5691 112.378 Restrfctsd fund8 Speck41 &Alections Healing Project Youth Work Legacies AV Project BenevoiencelSHARE (8.IX19} {2.3S8} {2) 1.152 753 (1.206) 751 77 110,564) 1,388 6.717 {11,952} 5.869) 18. {28,190) {10.0941 Endowmwrt funds Church Prwnises 8￿,000 800.000 TOTAL FUNDS 1.320.043 417.7591 902.284 conlinued... nden Methodist Church Notes lo the Fina arEn ements. ￿ntIn￿d ust 202 31Au 16. MOVEMEKf IN FUNDS- continurfl Reslrithd lunds.. Legacies Fund: Unless o Model Trust Direct￿ has S8￿red to allN for local use, legacies receNed are deposrted with the Trustees for Methodist Church PU￿ ITMCPI. Al applications for the release of such monies must be m* to. and approved by. ThICP. As at 31 August 2025, the balances availab￿ were as folkys - for use in reLqlion to the provtsion of church flowers (Fund No.197(6}- £838 Endowment funth" In accordance the provBions of FRS 102. the freeho￿ crf the High Street church premises has been staled at its historic cost at 31st Aug￿￿1 2018 plus *Jdrt*)nsldeletK)ns since then at cost value. Freehold premises also indudes the premises at s￿thd￿wn Ro*J at a valuation basgj on investment y*lds. Total ErK*Y￿1 funds total £1.747.967 (see Note 12). 17. CAPITAL COMPAITMEpirs There are no lithlibe& tontwKJent or o1herW￿e. that are Th)t provkled for in these ￿l￿nts. RELATED PARTY DISCLOSURES The church received a93regatedonationsfrom trustees ot£65,721 in 2024r2025 (2023r2024- £41,325>