## **MUMBLES METHODIST CHURCH** **Annual Report for the Year Ended August 31st 2025** **Registered Charity No. 1129281** ## **MUMBLES METHODIST CHURCH** **Annual Report and Accounts for the year ended 31st August 2025** |Annual Report
Financial Accounts
Notes to the Accounts
Report of Independent Examiner|**CONTENTS**
Pages
1 to 8
9 to 10
11 to 20
21| |---|---| ## **MUMBLES METHODIST CHURCH** ## **Annual Report for the Year Ended 31st August 2025** ## **1. Reference and Administrative Details** Mumbles Methodist Church is a constituent church of the Methodist ‘Connexion’ within the Swansea and Gower Circuit which in turn is part of the Wales Methodist Synod. It is a registered charity, Number 1129281. Its premises comprise the main church building on Mumbles Road and the Victoria Hall, situated on the opposite side of Dunns Lane facing the rear doors of the main building. Address: 522 Mumbles Road, Mumbles, Swansea SA3 4DH Web: www.mumblesmethodist.org Minister: The Revd. Howard Long Address of Correspondent: Revd. Howard Long, Mumbles Methodist Church, 522 Mumbles Road, Mumbles, Swansea SA3 4DH. Organisational Structure: The members of the Church Council are the Managing Trustees. During the year 2024/25 the following people served as members of the Church Council: Chairman: The Revd. Howard Long Mrs Sue Mortimer (Secretary); Mr David Boakes; Mrs Ellen Grounds (to 14/02/25); Mrs Linda Gwyther; Mr Geoff Maddock; Mrs Caroline Morgan; Mrs Gill Worrall; Mr Andrew Crimp; Mr Lee Wilcock (to 22/07/25); Mr Robert Allender; Mrs Alison Alderman; Mrs Caroline Buckler; Mr Mark Puntan; Mrs Julia Walters; Mr Will Watson; Prof. Peter Dunstan; Mrs Veronica Simpson; Mrs Carole Wooldridge; Dr Ruth Hopkins; Mrs Val Hicks (to 14/02/25); Mrs Katie Bird; Mrs Gill Watson; Mrs Alison Newnham; Mr Julian Myers; Mr Lee Ellery (from 27/02/25). In attendance: Mrs Myra Maddock (Church Manager) as a non-voting member until 08/03/25. There is a Church Management Group accountable to the Church Council which oversees Finance and Property matters. The Church Council has established The Mumbles Methodist Open Door Company Limited to run Theo’s Coffee Shop, which operates in the church premises. Three Church members have served as directors of the company which includes the Church Manager. Membership: At 31 August 2025, there were 104 full members of the church. 1. ## **2. Objectives and Activities** In reviewing its mission statement, key aims and objectives, the Church Council has considered and taken into account the Charity Commission’s guidance on public benefit, in particular the guidance on charities for the advancement of religion. It also operates within the priorities identified by the Methodist Church and by the Swansea and Gower Circuit: ## Priorities for the Methodist Church In partnership with others wherever possible, the Methodist Church will concentrate its prayers, resources, imagination and commitments on this priority: **To proclaim and affirm its conviction of God’s love in Christ, for us and for all the world; and renew confidence in God’s presence and action in the world and in the Church.** As ways towards realizing this priority, the Methodist Church will give particular attention to the following: 1. Underpinning everything we do with God-centred worship and prayer. 2. Supporting community development and action for justice, especially among the most deprived and poor – in Britain and worldwide. 3. Developing confidence in evangelism and in the capacity to speak of God and faith in ways that make sense to all involved. 4. Encouraging fresh ways of being Church. 5. Nurturing a culture in the Church which is people centred and flexible. ## Swansea and Gower Circuit Policy As a Circuit we affirm the Priorities of the Methodist Church and seek to: Express the Gospel through worship, word and action in fresh ways that will speak to the needs and culture of the people around us. Nurture Christian understanding and lifestyle through fellowship groups, study groups and prayer groups in the Churches. Encourage growth in church membership through evangelism, mission and pastoral care. Support existing chaplaincies and develop other chaplaincy work wherever possible. Work in partnership with other churches wherever possible in order for us to share in God’s mission more effectively. Play a full part in the work of the Methodist Church in Wales while being inspired and challenged as part of the worldwide Church of Christ. Be sensitive to environmental issues and be good stewards of our natural resources, while using all our resources as effectively as possible in implementing this policy.’ 2. ## **2. Objectives and Activities (cont.)** Within the above framework the church adopted the following mission statement and key aims: Church Mission Statement **The church should make a vibrant and influential contribution to the life of Mumbles community, providing on a seven day per week basis throughout the year, and through the active involvement of its members, facilities for collective and individual worship, together with a range of services to meet the identified needs of the local community.** Church Aims The aims identified in the Church Development Plan and by which the church seeks to fulfil its mission statement fall into four main areas:- Worship; Pastoral Care; Learning and Development; and Mission and Outreach. - [a] Worship The church is committed to enabling as many people as possible to worship at the church and to become part of the church community. In so doing it seeks both to encourage traditional and stimulate new and varied approaches to worship for individuals both inside and outside the confines of the church. - [b] Pastoral Care The church aims to ensure that comprehensive pastoral support is available to all members within a well-coordinated system incorporating effective communication between members, pastoral visitors and the minister. - [c] Learning and Development The aim of learning and development within the church should be to ensure that as many people as possible are involved in thinking about their beliefs and their faith and in considering how those beliefs and that faith translate into daily living. - [d] Mission and Outreach The church aims to reach out to the local community, sharing the good news of Jesus Christ. It strives to make a positive impact on that community and beyond it, by meeting particular needs, through the shared awareness of God’s love and presence. Within this aim the church seeks to maintain a high involvement with young people and their families. 3. ## **3. Achievements and Performance** During the year the Church has met many of the objectives of its Development and Growth Plan. The following section summarises the progress made during the year in the key areas of the Development and Growth Plan. ## [a] Worship (i) Sunday morning services are well attended and for some special services, additional seating has to be brought into the Worship Area. The services are also lived streamed via Zoom with approximately 17 to 20 attending. All are invited to share fellowship after the service over refreshments. (ii) Occasional Sunday evening services are organised at Christmas and Easter and on other special occasions throughout the year. (iii) Family worship is held monthly on a Sunday morning and young people are encouraged to participate. (iv) A midweek Holy Communion service is held in the church once a month. - (v) A prayer meeting is held weekly (vi) An ecumenical group of members from most of the Mumbles churches meets for discussion and to organise occasional special shared services. These included the Good Friday Walk of Witness. ## [b] Pastoral Care (i) Pastoral ministry continues to be a very important aspect of our church’s life. There are 15 pastoral visitors who, between them, are responsible for keeping in touch with every member of the church. Their work is coordinated by a Pastoral Care Secretary. Meetings of the pastoral visitors are held at least twice yearly and a report on any members with particular needs is given to each meeting of the Church Council. When a visit from the minister is requested or thought to be necessary, the pastoral visitor completes a request form for ministerial follow up. A weekly flower rota ensures that donated flowers go to the sick, elderly and infirm friends. (ii) A prayer book has been placed in the foyer of the church for members or visitors to enter the name of anyone for whom they wish to request prayers. These requests are then included in the prayers of intercession on the following Sunday. (iii) Wherever possible, contact is maintained with baptised children and couples who have been married in the church. Names of baptised children are kept on the Cradle Roll and birthday cards are sent to them until they have reached the age of three, after which their names are passed on to the Comet Club and the Church Family and Youth Worker. (iv) Pastoral care is also exercised informally through the various groups and organisations connected with the church. 4. ## **3. Achievements and Performance (cont.)** ## [c] Learning and Development (i) A Cell Group led by the minister meets weekly with an emphasis on prayer, Bible study, fellowship and mission. (ii) We commenced running an online Alpha Course in January 2025 (iii) Some other church organisations, such as the Monday Group, which meet for fellowship and outreach, also include sessions for personal learning and growth. (iv) Local schools are encouraged to send groups to visit the church and talk to the Minister about the role of the church in the community. [d] Mission and Outreach One of the main principles underpinning the mission and outreach programme of the church is that its doors are open to all seven days each week throughout the year. This use is complemented by the conversion of the remainder of the ground floor to a Craft and Artisan shop and Theo’s Coffee Shop to promote widespread use of the church building and to provide a service of excellence to members of the local community and visitors. (i) Welcome Desk In the church foyer is a Welcome Desk where there is information about the building, its history and the mission of the church. The worship area is available for those seeking a little peace and quiet for reflection in the Worship Area. (ii) Parent and Toddler Group Each session will have biblical craft activities through each term and we hold a Christmas Service for the children in the worship area. The group meet on Wednesday mornings during the year and is well attended by parents and toddlers. (iii) Fun Day and Holiday Club These are new initiatives designed to involve young children in church activities. Both events had a good atmosphere and the hope is that more children will attend once the events become known by local families. Advertising is being used as well to encourage children to attend but at present there is not a good enough number of children joining us. However, the children who did come had a positive time with plenty of crafts, singing and bible stories. (iv) Tuesday Chat A small group of volunteers meet with a number of elderly people for company and a chat over a cup of tea/coffee and homemade cakes. Over Christmas they enjoy a party with carol singing. Other events such as an Easter Bonnet morning are welcomed by all who attend. (v) Monday Ladies’ Group The Group meets on alternate Monday afternoons in the homes of members. The programme comprises a mixture of ‘secular’ talks and devotional sessions. Membership numbers have remained fairly constant. The Group remains viable and the members provide support and encouragement for each other. (vi) ‘Leisure’ Groups Various relaxation and leisure groups such as Short Mat Bowls and senior keep fit classes. 5. ## **3. Achievements and Performance (cont.)** (vii) Support for Other Charities and Organisation. The church continues to support a number of other organisations and charities through a variety of events, activities and collections. The mission work supported during the year included Christian Aid, Action for Children, All We Can and a local Foodbank. (viii) Use of Church Premises The church encourages the community to use its premises and is pleased to be able to make the Victoria Hall available for the regular meetings of Alcoholics Anonymous. Both the main church building and the Victoria Hall provide accommodation for a wide and varied number of community groups, ranging from keep fit classes, dancing classes and children’s parties. ## **4. Structure and Governance** Mumbles Methodist Church is part of the Swansea and Gower Methodist Circuit that is accountable to the Wales Synod Cymru and the Methodist Conference. The governing documents are the Deed of Union 1932, the Methodist Church Act 1976 and Methodist Church Standing Orders as found in CPD (The Constitutional Practice and Discipline of the Methodist Church) Mumbles Methodist Church is cared for by a presbyter (ordained minister) employed by the Swansea and Gower Circuit. The decision-making body for the Charity (who are its trustees and listed above) is the Church Council that meets 3 times per year. The Annual General Church meeting which is open to all members of the Church raises issues for consideration by the Church Council. Managing Trustees (all members of the Church Council) are ex officio, elected by Church members, or appointed by the Church Council. ## **5. Exemptions from Disclosure** There are no exemptions from disclosure. ## **6. Funds held as custodian trustee on behalf of others** There are no funds held as custodian trustee on behalf of others 6. ## **7. Financial Review** ## [a] Unrestricted Funds The out-turn for the year is a surplus of £6,091 as against the previous year’s deficit of £27,293 mainly because of the increase in donations received in response to the Minister’s appeal letter to Church members but also in a significant reduction in Repairs and Maintenance. Incoming Resources in total were £121,407 and increased by £22,620 from the previous year mainly from the increase of £12,922 in donations received but also from the increase of £5,555 in offerings including gift aid and of £2,160 in letting income. Outgoing Resources in total were £115,316 and were down by £10,764 over the previous year mainly because of the reduction of £8,450 in repairs and maintenance but also the reduction of £3,080 in the Circuit Assessment offset by an increase of £3,181 in staff costs. The reduction in the Circuit Assessment was due to the Church having paid a supplement in 2023/24 to offset a deficit in the Circuit accounts and the increase in staff costs was due to the redundancy of the Church Manager in May and the payment of a redundancy fee. There is a further adjustment to the out-turn of the £6,091 surplus, namely the movement in value of US shares held by the Church, and which shows an increase in the year of £1,198 reflecting the change in the value of the shares on the Balance Sheet because of the increase in the share value and the change in the US dollar v sterling exchange rate. This increased the surplus to £7,289. ## [b] Restricted Funds We currently hold three restricted funds, the movement of which is shown in the Restricted Funds column on the Statement of Financial Activities. The first is the Family and Youth Work Fund which holds monies raised for the expansion of Family and Youth Work within the Church and local community and which this year was used to fund a Holiday Club and Fun Day on which £50 was spent. At the year end, there was £3,949 held in the fund. The second fund is the External Charities Fund which reflects monies collected on behalf of external charities and paid over to them. During the current year we raised £670 and, at the year-end, there was an amount not yet paid over of £114. The third fund is the Building Fund which has been set up to hold monies raised in connection with the Open Door 2 Project. During the year, nothing further was received but we paid out the brought-forward balance of £329 in consultancy fees in relation to fundraising towards the project. At the year-end, therefore, the balance of the fund was zero. Total Restricted Funds balances at 31 August 2025 were, therefore, £4,063. 7. 7. Financlal Revlew cont Icl Trustees. Reserves Poli This Reserves Policy relates to our General FurNJs and DeS￿nated Funds. No endowment funds are held. At 31 August 2025, our General Fund balance dedined by £1,982,711 to £1,062,148 reflecting the £1,999,000 drop in the value of the land and buildings follo￿r@ their revaluation offset by the £7.289 adjusted surplus for the year. We also have Designated Funds - used mainly to cover the cost of equipment - amounting to £14,920 at the year-end. In total, our reserves excluding land and buildings were £77,068. The Church nomially aims to hold such reserves amounting to approximately three months, expenditure- in our case £28,829 - so there is an eX￿s5 of £48,239. We have considered our mission plans for the ftrture and have decided that in order to meet our Circuit Assessment and cover our normal eX￿ndItUre and routine repair and maintenance costs of the buildings plus set aside sufficient designated funds to meet anticipated major repairs, renewals. fixtures. fitts'rKJs and equipment for the next five years, this level of reserves is necessary. This Reserves Policy is reviewed annually as part of the budget-setting process. The Annual Report for 2024-25 is signed on behalf of the Church Council on 5 March 2026. Reverend Howard Long Chair ## MUMBLES METHODIST CHURCH ## _Statement of Financial Activities for the year ended 31 August 2025_ |Notes
**Incoming Resources**
Offerings and Tax Recoverable
4a
Lettings
4b
Contribution from Theo's Coffee Shop
Contribution from Gower Crafts & Artisans
Interest and Investment Income
4c
Donations Received
Other Income
4d
Family & Youth Work Income
4e
Equipment Donation
4f
Monies collected for external charities
4g
Building Fund Income
**Total Incoming Resources**
**Resources Expended**
Circuit Assessment
Staff Costs
5a
Repairs and Maintenance
5b
Equipment
5c
Insurance
Utilities
5d
Other Expenditure
5e
Family & Youth Work Expenditure
5f
Monies paid over to external charities
Building Fund Expenditure
5g
**Total Resources Expended**
**Net Incoming/Outgoing(-) Resources**
Gains and Losses(-) on Investment Assets
6
**Sub Total**
Total Funds brought forward
**Revised Sub Total**
Transfers between Funds
Buildings Revaluation
11
**Total Funds carried forward at end of year**|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2025**
2024
£
£
**£**
£
57,711
-
**57,711**
52,156
19,020
-
**19,020**
16,860
1,000
-
**1,000**
1,000
8,772
-
**8,772**
8,552
1,746
-
**1,746**
2,654
24,425
-
**24,425**
11,503
6,209
-
**6,209**
5,221
1,144
-
**1,144**
1,026
1,380
-
**1,380**
0
-
670
**670**
2,211
-
0
**0**
1,057| |---|---| ||121,407
670
**122,077**
102,240| ||50,000
-
**50,000**
53,080
23,424
-
**23,424**
20,243
7,094
-
**7,094**
15,544
1,380
-
**1,380**
806
5,977
-
**5,977**
5,755
22,416
-
**22,416**
22,813
5,025
-
**5,025**
7,839
-
50
**50**
623
-
802
**802**
2,176
-
329
**329**
728| ||115,316
1,181
**116,497**
129,607| ||6,091
-511
**5,580**
-27,367
1,198
-
**1,198**
807| ||7,289
-511
**6,778**
-26,560
3,059,779
4,574
**3,064,353**
3,090,913| ||3,067,068
4,063
**3,071,131**
3,064,353
-
-
**0**
0
-1,990,000
0
**-1,990,000**
0| ||1,077,068
4,063
**1,081,131**
3,064,353| The notes on pages 11 to 20 form part of these accounts. 9. MUMBLES m￿H0[￿sT CHURCH statement dFinanci81 PoSit￿n 8s at 31 Awusl 2￿25 Total 2026 Total 2024 Funds FLsnd8 Tangiblo Fixed Assots ChLbrch Buildings and other Fwerty Investment PropertEs Investments 11 1.LKJO.O(KI 1.000.000 2,990,000 Total FixodAssets 1,1)00,000 1,000,000 2,990,000 Currnnt A888ts Debtors, Prepayments and Accrued Income Short-Term Investments Cash al Bank and In Hand 12 13 24. 5,711 50.923 24960 5.711 54.986 12,823 4,513 67,613 Total Cuffent Assots 81.594 85.667 84,949 Credf(ors, Defetred Ince￿e..and AcLrued Expenditure 14 4.526 4,526 10,596 Net CunEntAssets 77.Cfj8 4.C63 81,131 74,353 TotslAssets less Currnnt ￿abilItieS 1,077,( 4,(E3 1,081,131 3,064,353 Loans and creditors due after one year Provision8 for h'abilities and charg8S NetAssets 1.077.tE8 4.(k$3 1.081,131 3,064,353 Funds of th¢ Church Unrestricted Funds.. General FurKI Unrestricted Funds.. Designated Funts Restricted Funds 15a 15b 15c 1.(W2.148 14.920 1.062.148 14,920 3,044,859 14,920 4,574 4,iK3 rotal Fun¢ts 1.077,(E8 4,L￿3 1,081,131 3,OS4.353 Approv•d by Ihe Church Councll on 5 March 2026 and signod on thair ￿hall Rev•rend H¢)ward Lon Chalr 10. MUMBLES METHODIST CHURCH _Notes to the Accounts_ ## 1 **Basis of Preparation** ## a) **Compliance with SORP** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015 as amended February 2016) [Charities SORP (FRS 102)] and the Charities Act 2011 and applicable regulations. Mumbles Methodist Church meets the definition of a public benefit entity under FRS 102. The accounts have been prepared under the historical cost convention with items recognised at cost unless otherwise stated in the relevant note(s) to these accounts. ## b) **Preparation of the accounts on a going-concern basis** The Trustees are pleased that the Church achieved a surplus this year as against the deficit incurred in the previous year. The Trustees recognise, however, that this was largely due to the generous donations made during the year and the Management Committee remain committed to ensure expenditure is reduced as much as possible in succeeding years. The Trustees consider that the Church has sufficient reserves to be in a solvent position at the end of the year and they consider, therefore, that the Church is a going concern over the next 12 months. ## 2 **Funds** The funds held constitute: (a) General Funds, which are unrestricted and held for any purpose of the Church; (b) Designated Funds, which are also unrestricted but where money has been set aside from General Funds as reserves for major repairs and renewals plus fixtures, fittings and equipment (our Renewals Funds); (c) Restricted Funds. There are three Restricted Funds: (i) the Family and Youth Work Fund which holds monies raised for the expansion of Family and Youth Work within the Church and local community; (ii) the External Charities Fund which holds monies collected on behalf of external charities and not yet paid over to them and (iii) the Building Fund set up to hold monies raised in connection with the Open Door 2 Project which seeks to fund extensive repairs needed to the fabric of both the Church and Victoria Hall. Details of each fund are disclosed in Note 15 to these accounts. ## 3 **Accounting Policies** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## a) **Incoming Resources** These are included in the Statement of Financial Activities (SOFA) when the church becomes entitled to the resources, any performance conditions attached to the item(s) of income have been met, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability. ## b) **Interest Receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Church - this is normally upon notification of the interest paid or payable by the Bank or savings vehicle. ## c) **Resources Expended** Expenditure is recognised when a liability is incurred, or a constructive obligation arises that results in the payment being unavoidable. 11. MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 3 **Accounting Policies (contd)** ## d) **Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the church to pay out resources. All expenditure is accounted for on an accruals basis. ## e) **VAT** Since the church is not VAT-registered, all input VAT is charged with the expense to which it relates. f) **Tangible fixed assets for use by the church** With the exception of land and buildings, all tangible fixed assets are written off in the year of acquisition. The Church and Hall buildings have until now been stated as valued by a professional valuation on a depreciated replacement-cost basis, based on the existing use. However, the Methodist Church no longer requires a professional valuation, leaving it instead for the Church Council to agree on an appropriate valuation when required. Depreciation is not considered necessary. The Church Council agreed on a revalued amount for the land and buildings at the end of the current year and the effect of the revaluation is reflected in the accounts accordingly - see Note 11. Further revaluations will be carried out every 5 years thereafter. ## g) **Stock** The church does not hold any material stocks. ## h) **Debtors and Prepayments** - Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## i) **Cash at bank and in hand** Cash at bank and in hand includes monies on deposit. ## j) **Creditors, Accruals, Deferred Income and Provisions** Creditors, accruals and provisions are recognised where the church has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors, accruals and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Deferred income is, in accrual accounting, money received for goods or services which have not yet been delivered. According to the revenue recognition principle, it is recorded as a liability until delivery is made, at which time it is converted into revenue. ## k) **Financial Instruments** The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. See also Short-Term Investments (Note 3 l). ## l) **Short-Term Investments** The Church owns shares in the 3M Company but has also been issued with shares in Solventum Corporation, a 3M spin-off company. All dividends received from these shares are included in Interest and Investment Income in the Statement of Financial Activities. The shares are valued for Balance Sheet purposes at the closing value at the Balance Sheet date. The movement in the year is shown as in Gains or Losses on Investment Assets in the Statement of Financial Activities. 12. MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 3 **Accounting Policies (contd)** ## m) **Employee Benefits** - i) Holiday Pay The annual leave year of the church follows the financial year from 1 September to 31 August. All leave is taken in the holiday-year period and there is no liability for unpaid holiday pay at the end of the year. ## ii) Pensions Eligible employees were enrolled in the UK Government's NEST pension scheme as from 1 January 2017. NEST (National Employment Savings Trust) is a defined contribution workplace pension scheme where the contributions during the year were as follows: The Church pays 3% and the employee 5% of pensionable pay. The contribution rates will be increased in line with the minimum future requirements of the scheme. 13. ## MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 4 **Analysis of certain Incoming Resources figures** |a
Offerings and Tax Recoverable
Offerings
Gift Aid
b
Lettings
Victoria Hall
Church Room Hire
c
Interest and Investment Income
Bank Interest
Dividends
d
Other Income
Book Sales, Coffee Mornings and Xmas
Fayre
Office Rent
Warm Hub Grant
Church Groups Collections
Circuit Grant
Buy a Hymn
Miscellaneous
e
Family & Youth Work Income
Donations Received
Contributions from Parent & Toddler Group|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2025**
2024
£
£
**£**
£
43,694
-
**43,694**
40,225
14,017
-
**14,017**
11,931|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2025**
2024
£
£
**£**
£
43,694
-
**43,694**
40,225
14,017
-
**14,017**
11,931| |---|---|---| ||57,711
-|**57,711**
52,156| ||18,900
-
120
-|**18,900**
16,710
**120**
150| ||19,020
-|**19,020**
16,860| ||1,681
-
65
-|**1,681**
2,531
**65**
123| ||1,746
-|**1,746**
2,654| ||2,131
-
1,500
-
910
-
105
-
811
-
470
282
-|**2,131**
2,381
**1,500**
1,500
**910**
600
**105**
550
**811**
0
**470**
0
**282**
190| ||6,209
-|**6,209**
5,221| ||440
-
704
-|**440**
185
**704**
841| ||1,144
-|**1,144**
1,026| ## f Equipment Donation The Church received a £2,000 donation in 2023-24 towards equipment spend in Theo's which was unspent at the end of that year and was carried forward as Deferred Income. Of this donation, £1,380 has now been spent - shown in Equipment spend - and the equivalent amount released from Deferred Income - see note 14 (i). g Monies collected for external charities |s collected for external charities|| |---|---| |Monies collected
Gift Aid|-
391
**391**
2,033
-
279
**279**
178| ||-
670
**670**
2,211| 14. ## MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 5 **Analysis of certain Resources Expended figures** |a
Staff Costs
Church Manager and Assistant Church Manager|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2025**
2024
£
£
**£**
£
23,424
-
**23,424**
20,243|Notes| |---|---|---| |||(i)| ## Notes (i) The Church Manager was made redundant in May as part of a cost-cutting exercise and paid a redundancy fee accordingly. The role of the Assistant Church Manager was changed to take over part of the Church Manager's duties but the Church Manager, however, continued some of her duties on an unpaid voluntary basis. ## b Repairs and Maintenance |Church repairs and maintenance
Victoria Hall repairs and maintenance
c
Equipment
Church
Theo's
Victoria Hall
d
Utilities
Church gas, electricity and water
Victoria Hall gas, electricity and water
e
Other expenditure
Publicity
Printing, Postage and Stationery
Church cleaning expenses
Victoria Hall cleaning expenses
Professional Fees
Archiving
Licences (inc. Zoom)
Consultancy Fees
Refreshments & Hospitality
Cards, Gifts and Flowers
Hanging Baskets
Card Donations Service Fees
Bank Charges
Miscellaneous
f
Family & Youth Work Expenditure
Expenditure in respect of a Fun Day and the
Holiday Club
g
Building Fund Expenditure
Consultancy Fees in respect of raising funds for
the Open Door 2 Project - see Note 10|6,646
-
**6,646**
13,554
448
-
**448**
1,990| |---|---| ||7,094
-
**7,094**
15,544| ||0
-
**0**
204
1,380
-
**1,380**
602
0
**0**
0| ||1,380
-
**1,380**
806| ||18,421
-
**18,421**
17,706
3,995
-
**3,995**
5,107| ||22,416
-
**22,416**
22,813| ||19
-
**19**
431
537
-
**537**
860
580
-
**580**
1,065
580
-
**580**
801
1,348
-
**1,348**
1,118
120
-
**120**
762
791
-
**791**
758
373
**373**
0
12
-
**12**
343
0
-
**0**
347
0
-
**0**
232
180
**180**
120
164
**164**
156
321
-
**321**
846| ||5,025
-
**5,025**
7,839| ||-
50
**50**
623| ||-
329
**329**
728| 15. MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## **Other Analysis** |6
**Gains and Losses on Investment Assets**
Unrestricted Funds:
Short-Term Investment value (see note 13)
August 2025
August 2024
Unrealised Gain or Loss(-) in year|£
5,711
4,513| |---|---| ||1,198| |7
**Related Party Transactions**
Trustees expenses
Number of trustees paid expenses
Total amount paid
8
**Paid employees**
Staff Costs paid during the year
Gross wages, salaries and benefits in kind
Employer's National Insurance costs
Employer's Pension costs
Total staff costs
The average number of employees in the
year was 2 (2024 – 2), all part time.|**Total**
Total
**2025**
2024
**£**
£
None
None
None
None
Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2025**
2024
£
£
**£**
£
23,192
**-**
**23,192**
20,044
**-**
**-**
**-**
**-**
232
**-**
**232**
199|**Total**
Total
**2025**
2024
**£**
£
None
None
None
None
Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2025**
2024
£
£
**£**
£
23,192
**-**
**23,192**
20,044
**-**
**-**
**-**
**-**
232
**-**
**232**
199| |---|---|---| ||23,424
-|**23,424**
20,243| |||| 9 **Capital Commitments and Contingent Liabilities** |||**Total**||Total|| |---|---|---|---|---|---| |||**2025**||2024|| |||**£**||£|| |At|31 August||||| ||Capital commitments amounted to:||0||0| ||Contingent liabilities amounted to:||0||0| ## 10 **Post-Balance Sheet Events** (a) The Church is continuing to look into raising funding for extensive repairs needed to the church roof and the external walls - the Open Door 2 Project. A Chartered Quantity Surveyor has been engaged to look at what work is needed and the revised cost of repairs has been estimated to be around £650,000. We have engaged a professional fund-raiser to procure the necessary funding. (b) Council has agreed that the shares held as short-term investments should be sold due to the poor return from them and this was carried out in the new year. 16. MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 11 **Tangible Fixed Assets** |**2025**
2024
Notes
Cost or valuation
£
£
Brought forward
2,990,000
2,990,000
Revaluation
-1,990,000
0
(i)
Carried forward
1,000,000
2,990,000
Accumulated depreciation
N/A
N/A
Net book value
Brought forward
2,990,000
2,990,000
Carried forward
**1,000,000**
2,990,000
NB.
The Trustees for Methodist Church Purposes (TMCP) is the legal owner and Custodian Trustee of all
Methodist Model Trust property. Trust property is held for and on behalf of local Managing Trustees
who are responsible for the day-to-day management of trust property. TMCP ensure that, through
providing guidance and acting under their direction, the Managing Trustees comply with charity law
and Methodist law and policy as determined by the Methodist Conference.
Notes
(i)
The Church is required to revalue the Land and Buildings every 5 years - see Note 3f - and the
Council have agreed that the current value should be reduced to a more-realistic £1,000,000.
**Debtors, Prepayments and Accrued Income**
Amounts falling due
Amounts falling due after
within one year
more than one year
**2025**
2024
**2025**
2024
£
£
£
£
Debtors
Unrestricted funds
Gift Aid
11,414
1,317
-
-
Lettings
161
554
-
Other
419
439
-
-
11,994
2,310
-
-
Prepayments
Unrestricted funds
Circuit Assessment
3,822
4,473
-
-
Other
0
0
-
-
3,822
4,473
-
-
Accrued Income
Unrestricted funds
Gift Aid
9,144
6,040
-
-
Total Debtors, Prepayments and
Accrued Income
Unrestricted funds
**24,960**
12,823
-
-
Church Buildings and other
property|**2025**
2024
Notes
Cost or valuation
£
£
Brought forward
2,990,000
2,990,000
Revaluation
-1,990,000
0
(i)
Carried forward
1,000,000
2,990,000
Accumulated depreciation
N/A
N/A
Net book value
Brought forward
2,990,000
2,990,000
Carried forward
**1,000,000**
2,990,000
NB.
The Trustees for Methodist Church Purposes (TMCP) is the legal owner and Custodian Trustee of all
Methodist Model Trust property. Trust property is held for and on behalf of local Managing Trustees
who are responsible for the day-to-day management of trust property. TMCP ensure that, through
providing guidance and acting under their direction, the Managing Trustees comply with charity law
and Methodist law and policy as determined by the Methodist Conference.
Notes
(i)
The Church is required to revalue the Land and Buildings every 5 years - see Note 3f - and the
Council have agreed that the current value should be reduced to a more-realistic £1,000,000.
**Debtors, Prepayments and Accrued Income**
Amounts falling due
Amounts falling due after
within one year
more than one year
**2025**
2024
**2025**
2024
£
£
£
£
Debtors
Unrestricted funds
Gift Aid
11,414
1,317
-
-
Lettings
161
554
-
Other
419
439
-
-
11,994
2,310
-
-
Prepayments
Unrestricted funds
Circuit Assessment
3,822
4,473
-
-
Other
0
0
-
-
3,822
4,473
-
-
Accrued Income
Unrestricted funds
Gift Aid
9,144
6,040
-
-
Total Debtors, Prepayments and
Accrued Income
Unrestricted funds
**24,960**
12,823
-
-
Church Buildings and other
property|**2025**
2024
Notes
Cost or valuation
£
£
Brought forward
2,990,000
2,990,000
Revaluation
-1,990,000
0
(i)
Carried forward
1,000,000
2,990,000
Accumulated depreciation
N/A
N/A
Net book value
Brought forward
2,990,000
2,990,000
Carried forward
**1,000,000**
2,990,000
NB.
The Trustees for Methodist Church Purposes (TMCP) is the legal owner and Custodian Trustee of all
Methodist Model Trust property. Trust property is held for and on behalf of local Managing Trustees
who are responsible for the day-to-day management of trust property. TMCP ensure that, through
providing guidance and acting under their direction, the Managing Trustees comply with charity law
and Methodist law and policy as determined by the Methodist Conference.
Notes
(i)
The Church is required to revalue the Land and Buildings every 5 years - see Note 3f - and the
Council have agreed that the current value should be reduced to a more-realistic £1,000,000.
**Debtors, Prepayments and Accrued Income**
Amounts falling due
Amounts falling due after
within one year
more than one year
**2025**
2024
**2025**
2024
£
£
£
£
Debtors
Unrestricted funds
Gift Aid
11,414
1,317
-
-
Lettings
161
554
-
Other
419
439
-
-
11,994
2,310
-
-
Prepayments
Unrestricted funds
Circuit Assessment
3,822
4,473
-
-
Other
0
0
-
-
3,822
4,473
-
-
Accrued Income
Unrestricted funds
Gift Aid
9,144
6,040
-
-
Total Debtors, Prepayments and
Accrued Income
Unrestricted funds
**24,960**
12,823
-
-
Church Buildings and other
property|**2025**
2024
Notes
Cost or valuation
£
£
Brought forward
2,990,000
2,990,000
Revaluation
-1,990,000
0
(i)
Carried forward
1,000,000
2,990,000
Accumulated depreciation
N/A
N/A
Net book value
Brought forward
2,990,000
2,990,000
Carried forward
**1,000,000**
2,990,000
NB.
The Trustees for Methodist Church Purposes (TMCP) is the legal owner and Custodian Trustee of all
Methodist Model Trust property. Trust property is held for and on behalf of local Managing Trustees
who are responsible for the day-to-day management of trust property. TMCP ensure that, through
providing guidance and acting under their direction, the Managing Trustees comply with charity law
and Methodist law and policy as determined by the Methodist Conference.
Notes
(i)
The Church is required to revalue the Land and Buildings every 5 years - see Note 3f - and the
Council have agreed that the current value should be reduced to a more-realistic £1,000,000.
**Debtors, Prepayments and Accrued Income**
Amounts falling due
Amounts falling due after
within one year
more than one year
**2025**
2024
**2025**
2024
£
£
£
£
Debtors
Unrestricted funds
Gift Aid
11,414
1,317
-
-
Lettings
161
554
-
Other
419
439
-
-
11,994
2,310
-
-
Prepayments
Unrestricted funds
Circuit Assessment
3,822
4,473
-
-
Other
0
0
-
-
3,822
4,473
-
-
Accrued Income
Unrestricted funds
Gift Aid
9,144
6,040
-
-
Total Debtors, Prepayments and
Accrued Income
Unrestricted funds
**24,960**
12,823
-
-
Church Buildings and other
property|**2025**
2024
Notes
Cost or valuation
£
£
Brought forward
2,990,000
2,990,000
Revaluation
-1,990,000
0
(i)
Carried forward
1,000,000
2,990,000
Accumulated depreciation
N/A
N/A
Net book value
Brought forward
2,990,000
2,990,000
Carried forward
**1,000,000**
2,990,000
NB.
The Trustees for Methodist Church Purposes (TMCP) is the legal owner and Custodian Trustee of all
Methodist Model Trust property. Trust property is held for and on behalf of local Managing Trustees
who are responsible for the day-to-day management of trust property. TMCP ensure that, through
providing guidance and acting under their direction, the Managing Trustees comply with charity law
and Methodist law and policy as determined by the Methodist Conference.
Notes
(i)
The Church is required to revalue the Land and Buildings every 5 years - see Note 3f - and the
Council have agreed that the current value should be reduced to a more-realistic £1,000,000.
**Debtors, Prepayments and Accrued Income**
Amounts falling due
Amounts falling due after
within one year
more than one year
**2025**
2024
**2025**
2024
£
£
£
£
Debtors
Unrestricted funds
Gift Aid
11,414
1,317
-
-
Lettings
161
554
-
Other
419
439
-
-
11,994
2,310
-
-
Prepayments
Unrestricted funds
Circuit Assessment
3,822
4,473
-
-
Other
0
0
-
-
3,822
4,473
-
-
Accrued Income
Unrestricted funds
Gift Aid
9,144
6,040
-
-
Total Debtors, Prepayments and
Accrued Income
Unrestricted funds
**24,960**
12,823
-
-
Church Buildings and other
property| |---|---|---|---|---| ||11,414
161
419|1,317
554
439|-
-
-|-
-| ||11,994
2,310
-
-|||| ||3,822
0|4,473
0|-
-|-
-| ||3,822
4,473
-
-
9,144
6,040
-
-|||| ||**24,960**
12,823
-
-|||| ## 12 **Debtors, Prepayments and Accrued Income** 17. ## MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ |13 **Short-Term Investments**
44 shares in 3M Company
Value at 31 August - per share $ - total $ - equivalent £
11 shares in Solventum Corporation
Value at 31 August - per share $ - total $ - equivalent £
Total Short-Term Investments|**2025**
2024
155.53
134.69
6,843
5,926
5,111
4,513
73.09
0.00
804
0
600
0
5,711
4,513|Notes| |---|---|---| |||(i)| ## Notes (i) During the year, the 3M company allotted 11 shares to the Church for the Solventum Corporation - a spin-off company - in addition to 44 shares the Church already held in the 3M Company. ## 14 **Creditors, Deferred Income and Accrued Expenditure** |Creditors
Unrestricted funds
Utilities
Trade Creditors
Other
Deferred Income
Unrestricted funds
Gower Crafts rent paid in advance
Donation unspent at year-end
Accrued Expenditure
Unrestricted funds
Professional Fees
Utilities
Total Creditors, Deferred Income and
Accrued Expenditure|**2025**
2024
**2025**
2024
£
£
£
£
1,165
1,744
-
-
367
5,240
-
-
219
83
-
-
1,751
7,067
-
-
731
731
-
-
1,120
2,000
-
-
(i)
1,851
2,731
802
798
122
0
924
798
**4,526**
10,596
-
-
Amounts falling due
within one year
Amounts falling due after
more than one year| |---|---| ## Notes (i) The £2,000 brought forward from 2023-24 was a donation towards equipment spend in Theo's. Of this amount £1,380 has now been spent and the equivalent amount released to income - see note 4f - and the balance of £620 carried forward at the year-end. In addition, the donation attracted £500 gift aid and this has been carried forward with the £620 - total £1,120. 18. MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 15 **Movements in Church Funds** ## a **Unrestricted Funds - General Fund** |As at
01/09/24
Income
£
£
Value of land and buildings
2,990,000
-
Other
54,859
121,407
3,044,859
121,407
**Unrestricted Funds - Designated Funds**
As at
01/09/24
£
Renewals Funds - for major repairs and renewals,
fixtures, fittings and equipment
Church and Victoria Hall
13,299
-
Theo's
1,621
-
14,920
-
**Total Unrestricted Funds**
3,059,779
121,407||As at
01/09/24
£
2,990,000
54,859|Income
£
-
121,407|

Spend
£
-
-115,316|T/frs from
Renewals
Funds
£
-
0|T/fr from
F & Y Work
Fund
£
-
-|Revaluation
-1,990,000
-|Revaluation
-1,990,000
-||Unrealised
Gain/Loss (-)
on Investments
£
-
1,198|As at
31/08/25
£
1,000,000
62,148| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||| |||3,044,859|121,407|-115,316|0|0|-1,990,000|||1,198|**1,062,148**| |||||-
-|T/frs to
General
Funds
(Note (i)
£
0
0|-
-||Other
T/frs
£
-
-||-
-|As at
31/08/25
£
13,299
1,621| ||14,920
-|||-|0|-||-||-|**14,920**| ||3,059,779
121,407|||-115,316|0|0||-||1,198|**1,077,068**| ## b **Unrestricted Funds - Designated Funds** 19. MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 15 **Movements in Church Funds (cont.)** |c
**Restricted Funds**
Family and Youth Work Fund
External Charities Fund
Building Fund
Total Church Funds||As at
01/09/24
£
3,999
246
329|Income
£
-
670
0|Spend
£
-50
-802
-329|T/frs to/from
Renewal
Funds
£
-
-|T/frs to/from
Renewal
Funds
£
-
-|T/frs to/from
Renewal
Funds
£
-
-|T/frs to/from
F & YW
Fund
£
-
-|T/frs to/from
F & YW
Fund
£
-
-|Other
T/frs
£
-
-||Unrealised
Gain/Loss (-)
on Investments
£
-
-|As at
31/08/25
£
3,949
114
0
**4,063**
**1,081,131**|Notes| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||| |||||||||||||||| |||||||||||||||(i)| |||4,574|670|-1,181|||0||0|0||0||| |||||||||||||||| |||3,064,353|122,077|-116,497|||0||0|-||1,198||| ## Notes (i) The Building Fund was set up to account for any donations and expenditure in respect of the Open Door 2 Project - see Note 10. 20. Inde endent Examlnerfs Re to the trustees of Mumbles Methodlst Church Number 1129281 I rcFK)rt on the accounts of the charity for the year cnded 31 August 2025 which are set oul on pages 9 to 20. Respedlve Responslbllltles of Trnstees and Examiner The charity's trustces are reswnsible for the prepardiion of the accounts. The truslees Consid￿ that an audit is not required for tkn"s year under ￿tIOn 1441?) of the Charities Acl 2011 (the 2011 Acl) and thai an independent examinaiion is need￿. It is my responsibility lo: examine the accounts under section 145 of ihe 2011 Aci; lo follow the prOc￿lUreS laid down in the general Directions given by the Charity Commission under section 145(5)(b) of rhc 2011 Aa: and io slate whcther Particular matl¢rs havc come 10 my altenlion. BY4sls of Independent Examiners, Report My examination was Carricd out in accordance with ihe generdl Directions given by the Charity Conin)ission. An ¢x3minatioii in¢lud¢s a review of Ihe accouniingy records kept by the charity and a comparison of the aecounis presentcd with thosc records. It also includes consideration of aiiy unusual items or disclosures in the accounts. and ￿kIn8 explanations from you as trust¢¢s ¢on¢erniiig any such matters. The proc¢dur¢s undertaken do not provide all ihe evidence that would b¢ required in an audit and consequently no opinion is given as lo whether the accounts preseni a Irue and fair view, and Ihe rq)ort is limiled lo thos¢ matters set out in the slatem￿l below. Independent Examiner's S¢*¢emeot In Com)￿lI0n with my ¢xamination. ￿ mattcr has come to my attention: ( l) which gives me reasonable cause io believe thai in any material respecl Ihc requirements: lo keep accountin8 records in a¢¢ordan¢e wlth sxiion 130 of the 2011 Act. and lo prepare accounts which a¢¢ord with the a¢¢ountmg r￿OrdS and comply with the accounting requirements of the 2011 Act hav¢ not been m¢L or (2) to which. in my Opinio￿ aiiention should be drawn in order to enable a proper underslonding of Il accounts to be reached. Signed.. 2Lo Date: Name: CIRL LVÉST Relevant profcs5ional qualifi￿tIon or B(MJy.' ACA Address: 1¥3 BRMfvJXNloR ROAD GGWi.R T611 21 shtF SEX