Croydon Methodistcircuit (Charity Regi$tration No. 11295151 Trustses Annual Report & Financial Statements for the y¢ar enfled 31 August 2025 Page Contents Informabon Trustees Annual Report ir￿￿dIng Reserves Poli 3-11 ststernent of Finamal Actsvib#5 12 Balan¢e Sheet 13 Notes to the FinarKial StstenEnl8 14-23 Independent Examinerfs report 24 Croydon Methodist Circuit (charity Regi8traUon No. 1129515} Trustses Annual Report & Financial Statements torthe year endeil 31 August 2025 Infonnation SupgrSnt•nd•nt Mlnist•r Rev Karen Ga￿e (to 31 August 20251 Re¥. Rxhard Grocott (from I September 20251 Prlntlpal Addrn88 Clrcuit Ofte sl Croydon Methodist Church 93 London Road Croydon CRO 2RF Bgrclays 8ank pfc Bankers Ind•p•ndont Examln•r Paul Newton. JCS Aeeounlants Ltd trading a5 Xeinadin TruIt￿N IY••r •nd•d 31 August 20261 I. d•n+)ts• mlgnod durfng that Y￿r) Revd Jonathan Dean IAppointOd Mr Paul Pa￿1n50n 1 9.241 Mts Gillwn Haslam Revd Kamn George I￿pointed Miss Sian ￿llIaMS Mr Paul Toykjr Mr John Anst•y' Mr Hugh Robeits Mrs GertrL* Nartey Mrs Rohini Heral Its Ruth Tayler Mr David Tayjer Mrs Elr£abeth Smart Mr Josef Hgpeson.Scrwah r Nichoks Kusah. Mrs Ann Atkins Mr Andrew Thynne Mrs Dunstan8 DaY￿S Mr Byron Asb¥uce m￿ AdebUk0￿ L￿al Mrs Sonia Srnith Mis5 S￿n Wllkams EunKe Boadu Mary Samer berta LarkaFDoherty Tirena Gunter Pauline Fost•r Christine Elliott Samin8 Polson ' Beaince Yvonne Fras•r (Appointed .2.251 Karen Taybr IAppoint8d 17.6 251 Revd Richard LoV￿n Revd Gyula Deacon Al H•nry (Appointed 1.9.241 Mrs Juliet Smith" Revd Dr Leslie Griffrths Revd Jennifer Potter Revd Juliet Ushewokunz& Robin Haslam Dè5rn0nd Williams Adrian Pickett Toyin Ogunyemi Siff￿n Tayler Mrs Doreen Ridden Mrs Pauline Lrtt Miss Jennie Hall Miss Fran By8rd Mr Alan Mills Mrs Linda ￿lte Ms Constantsa Pennie Mrs Comfort Croffie. Mr Adrian Howe Miss Sukhvinder Kalsi Mr Lawri8 B8nni$ter Mr Tolulowaleyi Laval Croydon Methodist Circuit Trustees Annual Report forthe yt•r •nded 31 August 2025 Governin8 documents and ¢blectlve The purposes of the Methodist Ch¢Jrch are and shall be deemed to have been since the date of the Union the advancement of.. lal the Christian faith In accordance with the doctrinal Standards and the discipline of the Methodist Church Ibl any charitable purpose for the time being of any connexional, dlstrict, circuit, local or other or8anisation of the Methodist Church any charitable purpose for the time being of any society or Instltution subsidiary or ancillary to the Methodist Church Idl any purpose for the time being of any charity bein8 a ¢har4ty subsidiary or ancillary of the Methodlst Church. In setting our oblectlves and plannlng our activities the clrcuit has given careful consideration to the Charity Commission's general guidance on public benefit and in particular to Its supplementary public Interest guidance on advan¢ln8 our objectives as sei out above. MS55Son Statement Croydon Methodist Circuit draws on the Methodist Church in Britaln's vislon as a "dlsclpleshlp movement equipped for Mission" and works to priorities taken from "Our Callin¢ within our local contexl; The circuit encourages members Individually and each of the Churches collettively to en8a8e in local community arttvities, social outreach, ecumenical work and inter-faith contart and co-operation; We encourage the development of rlchly diverse and Inclustve communities of faith which allows the exploration of discipleship by all people- regardless of background and without discrlmlnation,. We seek to provldÈ to our communities an example of God-filled lives and to enable the people of our churches to respond to the 8ener05ity of God's grace through worship and Christian seNice,' We seek to link together the people of our circuit churches so that they can be mutually supportive nd encoura8ing. sharing in and learning from each otherfs experience of Christian living. Croydon Methodist Circuit Trustees Annual Report lorth• year ended 31 August 2025 Review of pro8res5 and achlÈvements Throughout the financial year the Croydon Methodist Circuit had Seven stèff members.. five ministerial Staff.. Revd Karen George Ipart-timel. Revd Richard Low50n, Revd Gyula Flak, Revd juliet Ushewokunze Ipart-timel and Deacon Al Henry together with Mrs Juliet Smith (Circuit Administrator) who trained and handèd over to Miss Julie Turner. All our churche5 remain Committed to maintaining their involvement In community outreach activities. Addington Methodist Church engages with three local schools.. The church hosted activities at Christmas. suth as Christin8le seryices for a number of classes and at Easter sessions on the Easter experSence. Beavers, Cubs Scouts, Rainbow5, Brownies and Guides meet weekly at the church hall. The young people attends four Parade services durin8 the year. Durin8 the year "sleep-ovels" were held on the church premises, the young people also run a coffee mornin8 on behalf of the church. The church has a monthly Messy Church for children and their families that Is well attended by school and communlty. The church holds a monthly comwnunity coffee mornlng during which donations are collected for the Vlne Food Bank in New Addington.. these events are supported by the local Church and communriy. Chrlst Church Methodlst Addiscombe hosts a Stay and Play toddler$ group which serves the community meets weekly, becoming a very popular group with an average of 25-28 weekly. At Christmas, they held a Carol Service at with they invited two local nurseries to loin them. The annual Christma5 Party took place. Rainbows. Brownies and Guides meet weekly at the church, they attend Church parade 3-4 tlmes a year. During the year, a new form of worship called "Breakfast Church- was been started In an effort to reach young families and those on the fringe of the church and cofflmunity, they have been verv Successful. Café worship continues to meet monthly which is an alternative, informal Service. During the year a number of social artivities were held for children and young families of the church and community, such as a quiz night. There are many regular activities at Downsview Methodist Church, in addition to worship by our congregation and two other congregations who re8ularly use the building. The Luncheon Club for senior citizens meet weekly and also have outings such as going out for lunth. There are usually 20- 25 attendees. The organisers also provide support to members such as visiting them in hospital or sending cards when they are unable to attènd. The Downsview Players. an amateur dramatic group based at the church, put on reBular shows. They include perfom)ances particularly for people with additional needs, a150 takin@ the show to Hall Gran8e. Croydon Methodist Circuit Trustees Annual Report For the year ended 31 August 2025 R•¥1￿ of Pfogmss and achkvements lcontfjnuedl For pantomime production5, children from ihe Brigades are invited to take part. The Girls, and Boys. Bri83des meet weekly as doe5 the Brigade5 Band and the Community Choir. The brigades also run an annual camp for younB people. In partnership with the Waddington Way Residents Association, the church annual take party in the Big Lunch - this wèlcomÈd local resldents and members of our community groups and the wider community. Thi5 had around IO0+ attendees including local councilors. The church continues its outreach programme of periodically providing drinks and refreshments to the children and parent5 from Downsview School who park in the church's car park to collect their chlldren I'mission In the Car Park'l. This year. we started an after-school Craft session for prlmary age children on the 2nd Tuesday of most months which has become very popular (around 25 children plus their carers attend). These a￿1vIlle$ create a bridge beiween the church and the local School. We have hosted several visits for the ltxal primary sthool (Downsview Primary) which supports thelr currlculum, both for RE and PSHE, makin8 link5 Wlth the wider community. Each year, the School choir performs at the Luncheon Club Chri5tma5 Lunch. The church offers a weekly friendly 8atherin8 on Monday afternoons. It started out as Warm Place, durin8 the winter Season, but due to demand from users, it now runs throughout the year. It is mainly attended by older people including those with dementia. We have started a new group for people in their 20s and 30s as an informal place of support to meet and eat. as people in this demographic can experience loneliness and Isolation. In addition to the above, our halls and rooms are regularly let out to the blood donoation team, keep fil. residents meetin85 and other community activities Includlng children's partles. Norbury Methodist Church holds a weekly Pop-in communlty café which is well attended and valued by local people. The church also runs a weekly craft group and Posh Tots, a weekly group for toddlers and their carers. VarKJu5 community events take place on the premi5e5, including monthly 5ur8erie5 for the local ward councillor5. A150 a weekly knitting 8roup for Seniors meets. The premi5e5 of Parchmore Methodist Church and Community Centre are being used bv five community groups, includin8 performing art for children and young people. The trustees agreed the opening of a lunch club in thè Pop-rn and it is now bÈin8 run on a small scale by volunteers. The Church also holds a regular Coffee Morning and provides a valuable opportunity for members and their family and friends to meet over refreshments to chat ènd to play games. Croydon M¢thodi$t c1￿Ult Trustees Annual Report For the yèar •nded 31 August 2025 R•¥i•w ol progress and achievements (continued) Shirley Methodist Churth continues its community engagement. A group of between 14-16 peoons from both church and community Bathers each month to bake bread. each month somethin8 new is being baked. A new proofing oven has been acquired. The monthly film club continues with a large number from Church and community. Church members have close link with Hall Grange the residential care home run by MHA IMethodi5t Home for the Aged) in Shirley. giving support as volunteers and supportin8 artivitie5 in the home and in the Wilderness, a heritage Barden on the Hall Gran8e premlses. The ¢hur¢h Conducts week Worship services at Hall Gran8e. The church continues to support the work of 5hrublands Food Bank and Shirley Nei8hbourhood Care. Dudn8 Christmas and Lent studies and activities were held. A Christmas tree festival was held at Christmas engagin8 Wlth the church groups and commtsnity groups. During ihe year a number of activities including jumble sale. book sale and qulz nl8ht were held for the church and community. South Norwood Methodist Church holds a Coffee mornin8 hvice a month for the communlty to come together. We also held a number of events for our 150th Anniversay including an dmusic concert and family fun day. The mlnister and several church members lead a monthly service at Acacla Care Cenlre, a local residential care home. Other organisations hire the premises for drama classes etc. West Croydon Methodist Church has a Wednesday Club offering support to indivlduals and families who are homeless or stru88linB in other way5. It operates weekly except the last week of each month. offerin8 food, toiletries and clothing. Out Youth Group meet on Friday evenings drawin8 In the community. They or8anise a ran8e of events talent niBht, careers day and jtsmble sale. A community BBQ in the summer. The premises is used bv other churches and re8ular sur8eries with local councillors from Croydon council. The above shows that many of our ¢hur¢hes run various activities for children and young people. Churches host and engage with a range of uniformed or8anisations. West Croydon Methodist Church has a partiCLtlar ministry with children and young people; it has an active youth club to support young people in their Christian faith with many bein8 confimied and received as church members. The circuit provides ministers and preachers to lead a weekly Sunday afternoon worship service at Hall Grange, a residential care home run by MHA. Several church members do voluntary work at Hall Grange. Croydon Methodist Circuit Trnsteeg Annual Report for the year ended 31 August 2025 The circuit equip5 lay volunteers by providing training and development opportunitie5 to empower them to identify and use their gift5 and skills to the glory of God. Training has been offered to local Church and circuit tnJstee5 to equip them for their roles. Prescribed office holder5 in local churches and the circuit have en8a8ed with the mandatory Unconsciou5 Bias and Equality, Diversity & Inclusion a5 part of the Methodi51 Church in Britain's Juslice, Di8nity & Solidarity Strategy. The clrcult trustees also adopted a roft of policies relating to circuit lay employees. The circuit's work is guided by the Methodist Church in Britain's statement "Our callin￿.. The Church exists to increase awareness of God's presence and to celebrate God'5 love The Church exists to help people to grow and learn as Christians, through mutual support and care The Chur¢h exists to be a good nei8hbour to people in need and to challenge injustice The Chur¢h exists to make rnore followers of Jesus Christ The cSrcult provides initial training for Local Preachers and Worship Leader5 as well as on80in8 peer support for those accredited. Creating Safei Space safeguardin8 trainin8 is offered annually to those needing initial or refresher traininB. The Circuit staff ¢ontinve to work in partnership with local and national voluntary and statutory bodies. They engaBe ecurnenically with Croydon Churches Forum as well as other local groups. Croydon Methodist Circuit Trustees Annual Report forth• year ended 31 AugU8t 2025 Plans for the future A new Superintendent Minister will be stationed in the circuit from I September 2025. Revd Richard Grocott, comes to us from a nei8hbouring circuit and has 20 year5 Èxperience of this role. He will have Pastoral responsibility for the churches at West Croydon and Parchmore. In addition he will offer strategic leadership to the wider circuit and will chair meeting5 of the circuit trustees and their executive. the Circuit Leadership team. He will a150 provide line management to the cirtuit adminlstrator. Risk Assessment The Circuit Leadership Team ICLTI continues to review the regulatory framework in which the circult operates and where the CLT finds areas of risk to the circuit, appropriate action is taken to minimlse the risk. 5afe¥uardlng Every person has a value and dignity which come5 directly from the creation of male and female in God's ima8e and likeness. Christians see this potential as fulfilled by God's recreation of us In Chrlst. Amon8 Other things this implies a duty to value all people bearin8 the image of God and therefore to protect them from harm. The Croydon Methodist Circuit commits itself to ensuring the implementation of Methodist Connexional Safe8uardinB policy: government legislation, 8uidance and safe practlce in the circuit and in the churches in support of thls. Local church and circuit safeguardinB officers have ensured that those new to the relevant offices withln local churches and the circuit have obtained a DBS disclosure and attended the Foundation Module training offered locally or in the wider district and. where appropriate, the Advanced Module trainlnB offered by the London Dlstrlct. Revd Cameron Kirkwood. Doreen Rldden and losef Hopeson- Sawah are q¢Jalified to offer Foundation training Wlthin local churches or across the circuit. Local church safeguarding officers have also been making sure that those who hire our premises are compllant with safeguarding pollcy and practl¢e. The Croydon Methodist Clrcuit commlts itself to the provislon of support. advice and trainlng for lav and ordained people that will ensure people are clear and confident about their roles and responsibillties In safeBuardin8 and promoting the welfare of children and adults who may be vulnerable. Croydon Methodist Circuit Tru8lee8 Annual Report forth¢ y••r end•d 31 August 2025 Flnan¢lal Re￿tW The Financial Statements have been prepared in accordance with the Charities Statement of Recommended Practrce. The Statement of Financial Activities for the year ended 31 August 2025 Ipa8e 121 shows a surplus of almost £74,000. arising principally from an enforced delay in refurbishing one of the circuit manses resulting in additional rental income of £16.¢XJO and a related reduction In maintenance costs of £14,000. receipt of prior year circuit assessment arrears of £18.000. £6.000 higher interest receSpts than bud8eted, and lower than expected staffing costs: specifically, actual costs for part.time ministerial support and related costs to cover the period following the move of the clrcuit's previous superintendent minister to a new appointment in August 2024 and the appointment of a new superintendent minister in Summer 2025 were £16,000 lower than expected. As a consequence of the above costs defèr131s and savings and addilional income in the year ended 31 ALtgust 2025 the circurt's financlal resources increased by £73,30512024.. £32,493) and the circuit'5 net current assets Increased from £204,687 at the beginnirbg of the year to f 277,992 at year end, of which £174,22512023'. £101.9291 represents general reserves. Lookingforward the necessary manse refurbishment works will now be carried out in the new financlal yèar. The circuit continuesto anticipate that churcheswill be able to meet future assessment payments in full, and therefore expects its financial performance to be stable over the 2025.28 period. Taklng into #¢count the actions taken in recent years to maintain tight control over the circuit's fixed expenditure and therefore church assessment levels, the Trustees have every ieason to believe that the circuit is a 8Ollb8 concern. Reserves Poll bef¢rn In¥￿tMent 9•lnsl lou•* Gains or L0380s w propety revaluAlion$ N•t Incom•llexvnd￿urn1 73.731 14281 73,3OS 32.853 11601 a2,493 11601 73.731 14281 73.305 32.653 32.493 Tran5fet5 belween funds Plgt movement In fundts 21 73,n1 73.305 32.653 11601 32.493 Re¢on¢lll¥Uon of fvrKI* Total fvnd8 brwght fward 2A87.1CV3 2.367.535 2.334,456 586 2,335.042 Total fvrKl¥ ￿lI10d forn4rd 2.440.840 2,440,840 2.367.109 426 2,367.535 The Stslemenl of FinarKia AL*vibes al g*ns b)s8es rec(4Jnwd in the year. All funds are unr88tsIc￿. adN￿leS reL*to ¢￿tinu￿ operabM5. 12 Croydon Methodist Circult Circuf( No. 35141 Balance Sh8•t a8 at 31 Auyust 2025 Note GentrAI Fund.. Ilodel TnML Unrestrlcted UnrvAlri¢ted Roslrictod Fun Totals 2025 Totals 2024 Flxed A¥•et• Tangibte fixed assets rot•iThx•dass•ts 14 2.162,848 2,162.848 2.162.848 2.182.848 2,162.848 2.162,848 Cvrr•nt A8a•ts Debtors 15 16.659 18.659 103,767 118,828 31.207 102,332 Inveslmenls %Yilh TMCP Central Finance Boald D8KX)5it Cash al Bank and in hw Totslcurrnrtt•ss•ts 18 103.767 118.828 101,798 17 108.280 108.280 347.534 52.070 243.787 103.707 287,407 Current U*bllOUè• Creditors (due in uTrJ8r 1 yearl Totyi ¢urn•ntll•blllll•s 18 89.542 82.720 69,542 69.$42 14•t¢uff•nt•88• 174225 103.767 277,992 204.667 Tot•1 •s8èts 1•&# tunwt 114blllll•8 2.337.073 103,787 2.410,840 2.387,535 Lon9 Tomi Ll•tyllltsH Idu• •ftBf mor• than on• y••r N¢t•u• 2.337.073 103.767 2.410,B40 2,367.935 Fund8 of the Clrcult General Fund IUnF8sittctedl Circuil Modd Trust Fund IUnTesirictedl Tot•1 UnrnstrlttèdFund¥ 19 2.337,073 2,337.073 1D3,787 2.2M.777 102.332 19 103.787 1337.073 103,767 2W.840 2,367,109 Restrkted Fur￿5 426 Total Funds 13J7,073 103,787 2,440.840 2,367,535 The financ￿1 stat•rnenls We￿ approv&1 by the Trttstees and were 5wJned on their t*half on 24th Junè 2026 by. Rev Richard GrcKott ndy Thompson 13 Croydon Methodist Circuit Notes to the financial statements for the year ended 31 August 2025 Bash of a￿oUnting and accountlng polkles Basm of proparation olllnaneial statements The financial $￿te￿￿nts have been prepared in a￿dance wlh the Charibes Statement of Rec0Mn￿Trded Practs'¢e (Charities SORP IFRS 1021, Financol Reporbng Standard 102 and the Chafjties Act 2011 Publle bon•llt entlty The Croydon Methodist Circuit meets the defin￿On of a public benefit entity under FRS 102. It is an unincorporated trust wth principal office at lthst Croydon Methodist Church, 93 London Road, Croydon CRO 2RF Assets and Iwbililie5are Initolty recognised al hislcwl cost ¢xtr8nsa¢bon valutr unless otherwise stated in the relevanl a¢￿U￿￿ng polw notelsl belcm. Cont•nt The financual infom)alion presented is relevant. reliable, eomparab¢e and cornplele Wh8re estirnates are used these are based on ex[er￿Ce, research and iudgemenl. The ac¢ounls are expressed in £ Sterling. rtyjnded lo the nea￿t pound. Golng concem The charity has a reasonablè expectation that there are adequate r8sourc85 to continue in oper8tion81 existence for the loreseeable future. There are no material uncertainties affecting Ihls exr*ctalion. It has thwelore continued to adw Ihe going C￿Cern basis in praparfng its financial slaternenls. Fund• General unrésirLted lunds ￿present lunds wh￿￿ are expendable at th¢ discretion of the Circuit in the fvrtherance of the objects ol the charity and which have not tttn d•syn8ted for other purposes. Such lunds may be hek1 to finance both workin9 and rapi¢al investment. Consollda￿0n The Cir¢urt oversees thework ol ministers and lay workers in Churches within the Circuit but doès not have control over those Churthe5. ministtrrs or lay workers ex￿p1 In extrenR ¢ircurnslance5, none of whKh were appltsble For this ￿sOn. the financial ststements ol the Churchgs within the Circuit a￿ not consolidaled into these financial statements. Ineom• r•cognttlon IrKome is recogn15ed in Ihe Statement of Finanoal Ac)'vibes when the charity has entiuement to the hjnds. any perforrnan¢$ Cond￿On$ attached to the Itemlsl of incorrÉ have been mat, it is probable that income wll be received and the arrK)unt can be rreasured Mliabty. Donat￿nS are aceounlsd lorgross vthen re￿Ne Rentsl Ir￿orr* LS accounted for on an bas In awordan¢e wilh the Charibès SORP IFRS 1021, the Itme of volunteers is not recconis•d. Further informatson on th￿ matter 15 proV￿ed In Ihe Truste6s' Annual Report. Ix Exponditur• Expenditure is recc¥Jnised in the Statemenl of Financial Activities once there is a legal or constructive obligath.on to make a payment to a third paty. it is probablé Ihal setttement will be required ar￿ the anKJunt of the obligabcffi ¢w be measur*1 reliably. 14 Croydon Methodist Clrcult Notes to the financlal statements forth• y•ar erlded 31 August 2025 Grants Grants rnade by the Circuit Irom fG U4vn fvnds ar8 r8cognis8d in hjll at the of th8 agreement or when the Circuit accept5 that there is a Wal or operatrjnal obligatson lo make the paynEnt. en th8 grant Is recuThent over rTh)re than one year the ba&n￿ payable in future years is treated as a provision being released forfuturecommitments in the Balan￿ Sheet against the appropnate frjnd. the provisKJn bw'ng released In futsjre years as InStaIn￿nts are paid in aco)rdance with the originalty agreed terms. xl VAT Irrecoverabk input VAT is charg&J as a tsjst against the 8ctivty for whKh th? expense was incurred. T•nglbkn M••ts These are caprtalised rf they can be used for nK)re than one year. and Indivvjually cost at least £1.500. Th8 freehold propety is shuwn In the accounts at deemed histoncal cost representing each property's gr05s Carrying value at 1 September 2015, being that property's insurancè Twnstatement value. as nobhed by Methodist Insuranc• plc at the previou5 ren￿al date The value of the kind eleN*nt of the pro￿rty Is dt8m8d lo be one third of the total carrying value, based on ￿ea[ch undertaken by Savi115 co uk Further inforrnation can be found on their websrte. 11 acquired after thal (Jate arndlor where freehokty propety has subsequently been extended, the tosl ol acquisilioTh andlor exteThsion taken No depreciation Is provKled because the trustees eon51der the current residual fair value of the propert*s in their present condition Is not less than histori￿ cost. and. in the ab$er￿ of any eV￿enCe 01 impainnent, any deweuabon prOvis￿n for Ihe buiklings component of the properties woulj be Immatèrial RK•lv4blos •nd Payabl••; B•nk and Cash Debtors are ststed al the arTh)unts owed to tha Circurt or prepaKJ. Cf*ditor5 ara initially recogn15ed at s•ttlém•nl amount aftèr any Irade discounts, where nomwl uedit terms appfy. or amount advanctd to the Circurt Subsequentty cf&aitors that are current Iiabililies are measured at thè ¢a5h ¢y other consKleratKJn expected lo be paid The Ilqufjd funds ol bank balanc•s and dap05it account balarKes are shrN4n at thejr r•alisabSe values. xlv M•thodl8t Conn•xlon•l Funds The Methodist Church Connexii)n ratses ass•ssmtnts ag8in9t Circuit3 and these are paid quarterly to their Districts Thè Circui15 raise assess￿￿nts against Churches in the Circuit. The District remils to The Methodist Churth Fund quarterty rrKJst ol the Sun￿ received from Circuits. A small sum is retained by the Dis1￿1 to nEet rts ¢ywn costs. Mini#t•rn' rn¥n80 cost• The Circurt is required lo provide accommdalion loreach minist•r in tha Circuit and thtir farnilie5 and this is seen as a benefrt to the Circuit Ministers arn •xp8cted 19 ¢xcupy ihe rnanse provided for them. The Circurt bears the cost of repairs. maintenanrE. buildings insurance, Council Tax and watef chafg•s. These are not separalety dis¢bsed as benefits in kind for ministers as HMFIC does not seek to tax thosé r￿￿ts in ihe hands of ministers. Inv••tment properti88 No property is currenlly deerr*d to not be held for Ihe bng term purposes of the charty. xvll Flnaftelal instrumont8 The Charity only has financial assets and liabilths of a kind that qualfy as ba5K financial instrurnenls. Basic financial instwments are inib.ally rècOJn￿ed at tr8n98ction value and subsequentty measurwj at thar settlement value. 15 Croydon Methodist Circuit Notes lo the financial statements for the year ended 31 August 2025 Glo6sary of t•rm8 CFB: Central Finan¢e Board of the Methodist Church manages a Commn Deposit Fund and a ser￿$ ol pooled investment lunds for Methodi5tenlibes in Great Britain and provKles investment advice to those entities Church.. a group of rnembers frcrfn fw than 10 to rTrJfe than 300 Clycult: a group of Methodist Churches near exh other. typKalty tétsveen 10 and 30 Clrcult Mg•dry: Tr Trustees ol the Clrcu¢ most of whom p4e appoinl8d by their Ical Churches and others by virtue of a role they undertake lor lh• Circuit the¢'r thal Churches. Ch￿F.. Circuit Modd Trust Fund Conn•xlon: The meth(￿l$t Church in GB wh￿h includes th• Head Off￿8 at Methodist ch￿￿h H)u$&, 811 Melh¢)disl Districts. Circuits and Churches in Great Bnlain Dlitrfet: a group of conlvJuous Cir¢uits. usually beknn 15 and 30 FRS.. Financial Reporb'ng Standwd HMRC.. Her IAajesty'¥ Rev¢nu• and Customs MCF: Melhodi5¢ Churth Fund SOFA: Statement ol Finan¢ial SORP: Stslemènt of R•comtMnded Prac TMCP.. Trustee$ for Methodist Chureh Purposes. the legal owner and Cust(xYian Trustee ol all Methodist Model Trust propety, ￿cluding L8yacYds, End(Mm8nts and Accurnulate(l Fund$ Incom• from don•llon• Unrestrirted Restrirted Total 2024 240 Oonatlons Income from oth•rtr4dlng actlvlll•• Letting incnme has been ￿e1ved In resm ofthe fdlowing propwb8s.'- Unrestricted Z4.r 32,4Q) 22,81 79,21KI Re5tr1cted Totsi 24.(XKJ 32.4 Z2,81K) 79.21)0 2024 24,065 27,(MlO 22,800 73,865 Hvntingfield Southern Avenue Totsl 16 Croydon Methodist Circuit Notes to the financlal Ytstèments lor th• y•ar 8nd•d 31 Augu8t 2025 ASse￿ments on chu￿h•S The Circuit eompnses 8 churches and each 15 a55e55etl lor a contribution to rneet the overall net Costs of the Circuit. An Assessment on Churches Is deiermine(l annually by Ihe Circuit using a foimulaic mèthod which tsk•s Into *tount rtlatsve number of [rernbe￿ in chU￿h and its mlatwe Ineome. Unre51ricted 20.412 28,144 30.180 16,239 30.552 43.777 24,2(Kl 48,564 Restrfcted Total 20.412 28.144 30.180 16,239 30,552 43,777 24,2 48.564 2024 20,991 31,501 29,488 13,862 27,056 46,301 23,001 42,773 Addin8toTh Christ Church Oownsview Norbury Parchmore 5ouih Non¥ood West Croydon Pdor year arrea recovered Total 18,060 260.128 18.060 Z60.IZ8 234.973 The churches are considered to ￿ related pafbes ol the cirult Grnnts r•¢•l¥¥bl• Unrestrirted 16,(1 Restrlcted Total 2024 240 Grants receivable Grnnt• and don•llon• poy•b Tolal 9rants of £4￿ 12024. £4001 wore rn￿e Irom the Sha￿￿ Wamith Fund to assist indfvKluals with erergy costs S•l4rf¢s and ¥Mocl•t•d ¢osts Stspends were paid to 3 full.th"me presbykn and 1 half-timè presbyler in the yeaf12024.. 3 presbytersl, and salanes paid to 1 lay worker 12024". 1 * workerl. Addibonally a contribution was paid lo a n•ignbtsunng circuit lor the provi510n of a part-11￿￿ supenntendent minister for one day per week The salaries are paid by the Cgnnexion but fvnded by the Circuit. The superintendent minister of the arcurt. tr￿ other pr8sbyt8rs, th• lay tmploye•s and tha cireuit stewards and treaSu￿r make up the Circvrt Leadetship Team ICLT) and arè cons￿er8d as kèy management pe￿onnel. The su￿n￿tendent chairs meebngs olthe CLT and circuit ￿￿etIngS. Th• members ol the circuit meeb.ng a￿ the lyustees ol the circuit The p￿bYterS ol the circuit undertake the primary executive ro1#5 Wrthin the cKcuit. Apart Iroffl the three presbyters and the lay emthees. who are trustees by virtue of their position. no member of the circuit meeting or CLT was In r8ceipt of any payment for work undertaken on behalf of the ¢ir¢uit atthough eartain travelling and admint5tratKJn ￿$ts were irKurred In ￿latson to specffic projects. 17 Croydon Methodist Circuit Notes to the financial statements for the year ended 31 August 2025 Key management per50nnd and total stsff costs reL4ted to the wesbyters and L8y employees were as 2tr24- 25 2023- 24 Gross S￿￿[￿18 and salar Employe￿$ National Insurance conlnbutions Employerfs pen$￿Jn contribution$ to defi[￿d benefrt and coThtributioTr s¢henE5 Travel expense5 Total key managwn•nt p•r4onn•l cMi• Fee5 paid to supernurnerary minisiefs CommunrAbons and other expenses Compuiers for IAinislry Ministers training Removal expenses Total Salar1￿ and 4••o¢l•t•d co•1• 132,039 14,012 108,839 11,026 21,156 1,236 168843 1.20D 4.357 828 557 24,583 145,108 1.710 2,997 582 191 3.411 178 386 Included In key management personnel¢ostsabove are salary and empbyffent-related gxpenses ralatad to non-presbytèral stafl by calegory as folbws Admirbistration 2024- 25 2023- 24 Gros5 salaii85 Employer's national insurarKe Pension contn"bulions Travel expens¢s 18 503 1.497 1.110 99 19,131 1,385 1.148 66 No employees receNed empbyee benefits thal totslled mre than £60.CUI. There is no acerual for holKYay pay as it Is Immaterial, the holiday year ends on 31 August All stsff are paid al or above the living wage The travel costs ol Presbyters who attended CLT and vrcurt meetyn9s Is Included within thèir ov•rall trav•1 •xp8ns•s and is not separateiv detem)ined. Penslon• Most ordained presbyters and de￿n9 are ￿eMberS of the Method15t Ministers, Pension Scheme IMMPSI This is a defined benefit scherre The Suprerne Court held In 2014 thar Mèthodist minlsters (which lem Includes presbylers and de￿onSI are not ernp￿Yees of the Church For 51mplrcity. however. when dealin9 wth NatKTrnal InSU(ar￿ Contnbutions and peTr$￿n c4)nlnbutKJns. ¢he terrr@'employw' and 'employee' are used as they wouk1 be in an employing toJy. On the other hand * ernpbyees a￿ contrxiualty emF4oyees and have the option ofj¢ining 8 scherré which the Circurt has atyanged with The PensKJns Tnjsl. is a defin￿ ¢ontribubon scheme and thè Circurt contributes as employer to thts scheme. The ConnexK)n accounts for the MMPS in the annual Melhodist Clvjrch in Grnat Britain accounts. The MMPS in deficit bul a plan for removal of the deficit has teen prow)58d and 15 being Implprnented. Detsils of the deficrt on this sche￿￿ c2n be found In the Annual Re￿)rt ar￿ ArLounts of The Methodist Church at w￿.Method1$t.or9 ￿k 18 Croydon Methodistcircuit Notes to the financial ststements for the year ended 31 August 2025 Property costs The arcuit 15 Managing Trustee for 7 manses. 4 0fwh￿h were occup*d during the year W p￿$bYterS or lay staff seNing In the Circurt. Three marnses. HUnbn9￿e1d. Pollards Hill East and Southern Avenue were let on an Assured Shorthold Tenancie5. the exceptson of the manses, the Circuit 15 ￿spOnsible for the payment of Council Tax. Uknlitvès. Water Charges. Insuranc8 and rnaintenance In addition the Circurt pays a contributson towards the operabonal costs of the Circuit Ofke and periodic professional survey fees for the rnanses arKI churches in the Circuit AJI ¢0sfs a￿ paid from Ihe General Fund. 2024- 25 2023- 24 Malnt•nane•'. Barnfield Avenu8 Norbury Avenue The Manse. Huntingfiekl Pollards Hill Easi Sefton Rrjad Southern Avenue Other ¢h•ry•8: Letting agents. lees Othér prop•rty-r•lat•d prof•ss￿naI fves Council Tax Water char9es Insurance Survey fee Total 579 1,574 420 417 1.743 1,530 1,928 6,401 755 19,561 1.292 7,963 1,798 7,738 977 4,186 750 29.673 7,451 7,982 959 3,970 2.540 S3.801 10. Dl•tri¢t Au￿rn9n1 & Lgvy The District Assessnxnt is catulaled ￿1317ve to the proportson ol church members and stafflng Ipresbyters and mt5sion staff only) of all C1rcurts in the London Distncl. 2S% ol the overall cost Is Iculated using staffing proprytions and 75% i8 calculated LtsirrfJ relative membership proportions. The Levy 1$ catulated on a sliding scale ￿rCentage ol the Circuit's CMTF aeeount balanc& as at 31 August of the accountsrng year. Unre5trfcted Re5tr1cted Total 2024 Methodlst Church Fund IMCFI 61,344 12,960 2.949 77.25J 61,344 12,960 2,949 77.251 56,160 District Expenses Levy on CMTF funds Total 2,778 68.186 19 Croydon Methodist Circult Notes to the financial statements fw the year and￿ 31 August 202S 11. Ot￿r outgolngs ijnrestrirted Restrictod Toial 2024 Circuit office Youth and childrens work Resources Payroll admin cost Independent exarninerfs lee5 prefessional lees Miscellaneous Total 3.190 3.1 2.191 258 L747 480 1.453 1.931 1.931 1.527 1.527 1,769 7.736 7.736 12. Payments to tru8t•o• Th¢ circu￿ not mats payments 10 trustees other than a$ dixlosed in note 8 above 13. Gov•rn•nc• C￿1$ A fee of £1.52512024.. £1,4531 was charged by the Independent Examiner for tho examinatson of the Circuil's accounts and accounhThJ re￿d9 Clr¢ull man1￿ •nd •qulpmont Tho Circu¢t Manse5 are 311 freehold properti￿ and thelr valut is shown as the deemed hlstorical cost representing each proFerty's carryin9 value at 1 September 2015 of acquisition value If purchased after thal date (see Note 1 Ixiil The cost ol eX￿￿s io freehold properties since 1 S•pternb8r 2015. or acquisthon date rf Later. are caprtalised. Office equiprnent consi¥ts of Me comwter in th• Cl￿rt Office 14. 14.1 Co•t or valuatlon Offl¢e Equlpment nd Buildirws Total Cost orvaluatlon ealance brou8ht forward at I Septernber, at cost Addition5 in Ihe yeaf Revaluations In theyear Less.. Disposa15 In the year Gain on 501e B/lanc¢carrled I0￿¥1d 704.IIY) 1.458,748 1.336 2,164.184 704.ILMI L458.74B 1,3 2,164.184 20 Croydon Methodist Circuit Notes to the financial ststements fr*rtho year ended 31 August 2025 14.2 Aeeumulat¢d depreclatlon Office land Buildlr Equipment Total Accumulated depred•tton Balance broughi lorward ai I September Oepreoaiion char8eforthe year alance cafrled forward 1,336 1,336 1336 1336 14.3 N•t book v•lu• Office Equlpment 8ulldin85 Total Broughi forward Balanu ￿lfIed lo￿ald 704.1(￿* 1,45B.748 704.100 1.458,748 2.162,848 2,162.848 O•btorn and pr•paym•nts Circuit as89$sn￿nI d¢b¢ors are rneasured on Ihe basr6 of thtr •n*)unl trXFeCted to ￿ recov8r•d within elve months Debtors refer lo the General Fund 2024- 25 2023- 24 Tride debtrys Orcvit assessrnent5 Inet of provislons 01£35.936 12024.. E54.47611 r•payffl•nts and Irrfom• Total Inttl 1,315 15.344 16,659 19.127 12,080 31,207 16. Trust••# for M•thodl8t Chureh Purp¢) The fvnds that support the Cl￿￿11 Model Trusl Fund are held by TMCP in Trustees Interest Funds on whKh interest Is crediled lo the accounts each rnonth These are regarded as mediurn and long tem investments TMCP Is thè I￿31 trwn•r and Custodon TnJst•* Of all M•tt)odist Modèl Trust property, including Legacies, Endtswmenis and Atcurnulated Funds. Trust property is hejd for and on behalf of local Managlng Trustee5 who are responsible for the day to day maThagernenl of trust property TMCP ensure that. through providing guKlance and athng under thair direction. the Managing Trusteas comply with charity Law and Methodist law and a5 dete￿in￿ by the Meth(hJisl Conference 17. Contral Flnanu 8oard ICFBI and C••h at B•nk The Circuit has a current accounts at Barclays Bank pk. ￿ authorised instituty'on The sum5 held on those accounts are immediately available. In addrtb)n the Circuit has a deposit accounts at CFB, a CoMn￿n dewsrt lund. Interest is eamed on th6se at￿nts and credited monthly, the sums depositéd can be wrthdrawn ￿t￿ut and ￿¢￿￿10$5 of ￿le￿51. The58 surr6 are y￿Wed a5 being liquid. 21 Croydon Methodist CirGuIt Notes to the financial staternents for the year ended 31 August 2025 18. Credmorn and accrued •xpen crEditO￿ and accrued expenses refer to the General Fund 2025 202 Credttors and awua15 Trade Creditors A£crua15 and dderrÈd income Total 69,54Z 69.$42 82.720 02.720 19. Unmtrlctod Funds 19.1 G•n•rnl Fund- b•lane• £2.337.073 •t 31 Augu•t 202512024.. £2,284.7771 The purpose tsfthelund Is lof usè atthe discre*on of the trustees In the furtherance ofthe general objectives of the Circuit and whKh have not been designated for other purposes. About 95% 01 thi8 fvnd is hekl as freehrAd propeths. 19.2 Clrcult klod•l TYu•t Fund- bal•n¢• £103.767 •t 31 Augu•1 202512024- £102,332) The purpose olthe lund isfor¥Jseat the discretion ofthe trustees in the fvrtherance of the genar81 obJ8ctiv•s of the Circuit. Its main 8tyJrce of income is the contributhms trom the sale of manses in the Circuit. Athough this is an Unr¥slrtted Fund under the control of the Circuit Meeting. prior approval is sbll reqLsired from the DL4lrtt to utilw Ih¢sè fijnds. Mèthodist standing Orders 930, 913 and 917121 are applubk. 22 Croydon Methodist Circuit Notes to the financial statements for the yoar ended 31 August 2025 20. Summary ol movements on slgnffl¢ant Indfvldual fund$ Balance at Balante at Fund l-Sep-24 Income Expenditure Translers 31-Au8-25 Genwal Fund Model Trust Fund DAF Furid Granl 1264.777 102.332 343.394 4.384 16.O)0 127L0981 12,9491 116.C#)Jl 14261 1290.4731 2,337.073 103.767 SharÈd Warmth Fund Total Funds 426 lJ67,535 363.77B 2WO,840 8alafi¢e at 01.Sep-23 Balance at 31-Av8-24 Fund Ir￿oMe Expendiliire Trin5fer5 General Fund Clrcult Modd Tfust Fund Shared Warmih Fund Total Fur 2.234.?16 311.368 1281.3071 2,264,777 99,740 5.369 240 11.7771 14WI 284M841 102,332 426 1267,535 I23$￿42 316.977 Transfer5 frorn the Circuit Model Trust Fund were to tacilitatè major répairs lo circuit manses DAF 9ranl was received frorn the District towards Ihe Oeaconal stlFend lor 3 yèars al £16.000 a year. 21. Volunt••r contrlbutlon• Every entty Iconnexicn. District, Cirwrt, Church) wthin the Methodist Churth in GB is heavily reliant on v￿UnteerS who contnbute their S￿lIs. Ime and n￿neY In the furthefance of the work of the Church. Principally this contribution 15 by 5ervin9 on comrniltees ol the Circurt that deal wrth mission. manses, finance. policy. grants. Irainin9. ¢eveloprnenl We arg gratethl to all of them for Ih•ir h•lp and commitrrent. 22. Caprt•l ¢ommltm•nts and con￿￿99nt I1•bIl￿1•$ There were no capital commrtmenls at the year end12024. £nill The circuit had contingent liabilitie5 of £7.000 at the year end12024. £7.OCX)I represenb.ng gfants awarded subject to condrtions which had not yat t*n mèt al that date. 23. Lwo Commltrnènts The Circuit has contracts ￿ oblvJabons for the folknving'.- The￿ a￿ short tem) obligations for telephones and ancdlary equipment at the Circurt Office. The total annual ￿$t in not cOns￿ered rnateri￿. 23 Independent Examiner's Report to thè Trustees of the Croydon Methodist Circuit I report to the chanty trustees on my examinatK)n of the ￿)Unts of Croydon Methc¥Jist Circuit (the charity) for the year ended 31 August 2025 Set out on pages 12 to 23. R05ponsSbllltles and b￿1$ of report As the chanty's trustees you are re5wnS￿￿ for Ihe preParat￿n of the ac(x)unts in accoTdarKe wrth the requiroments of the Chanties Act 2011 Ilhg Acri I report in respèct of my examination of the Church's account5 as •rTied out under section 145 ofthe Act and in carrying out my examination I have folh)wed all the Direcbons given by the Charity Commission under ￿￿tK)n 14515llbl of the Act Ind•p•ndent ¢xamin•V8 Statemont SSnce the charty's gross incon* exceeded £250,000 your examiner must be a mernt*r of a bTrJy listed in sects'on 145 01 the 2011 Act. I confirm that l am qUaIrf￿ to undertake the examinatrjn because l am a m•mtér of Ihe Institute ol Chartered Accountants in EnglaThd and Wa￿s, wh￿￿ is one ol the listed bodies. I have complttad my exaN4nath"on. I confinn that rK) matters ha¥e comè to my attent￿n in connecb'on with the examination giving Mè causè to believe Ihat in any rnalerial respect" accounbng reuxds were not kept in respect of the chanty as required by ?￿tiOn 130 01 the Act., or 2. the accounts t10 not accord wilh those rwds.. or 3. the accounts do not cornpty with the applicable raqui￿Tr￿nts COr￿erning the form and content of accounts set out in Ihe Chanties (Accounts and Report) RegulatK•ns 2008 other than any requiremeni that the 8ccounts gNe a'tn* and fair view, wh￿h Is not a matter considered as part ol an Independent examln8ts.￿. I have no concerns and have conw across no other matters in ￿nectiOn wilh thè èxamlnatlon to which attent￿n should bt drawn in this rewt In or¢er lo enable a proper understanding of the accounts to be Paul Nèwton FCA JCS Accounlanls Ltd Trading as Xèinadin 5 Robin H&)d Lant Sutton Surrey SM1 2SW Date.. 25 June 2026 24