MUSWELL HILL METHODIST CHURCH Charity Registration Number: l 129796 Annual Report and Financial Statement5 31 August 2024 www.mhmc.org.uk Tandem Accounting Ltd Charwed Accountants 17 Heathville Road London N19 3AL MUSWELL HILL METHODIST CHURCH Annual Report and Financial Statements 2024 Contents Legal and Administrative Inforniation Annual Report of th¢ Trustees Independent Examintrfs Rèport to the Trustees Statement of Financial Activities Balance Sheet Notes to th¢ Finanoal Statsments 10 MUSWELL HILL METHODIST CHURCH Annual Report of the Trustees For the year ended 31 August 2024 Charity Name Muswell Hill Methodist Church Prlnclpal Address 28 Pages Lan& Musv+EII Hill. London N10 I PP The Governing Document Deed Of Union (1932) and Methodist Church kn (1976) Objertives The advancement of. a) The Christian frdith in accordance wtth the doctrinal standards and discipline of The Methodist Churth,. bl Any ¢harirable purpose for the time being of any Connexional. Distritt CircuiL local or other OWdni5ation of The Methodist ChLbrch,. cl AJ)y chariTrble pijrpose for the ume being of any s(Kiery or institution subsidiary or ncillary to The Methodist Church: dl Any purpose for the time being of any charity b￿￿8 a thariry 51Jb5idiary or anctllary to The Methodist Church. Trust••s The Trustees who seThed during the year or who were seNng at the date of this report Rev Matthew Lunn Caiherine Simms Michael Glynn (ch￿rpe￿on) {Chur¢h Secreory) (Church Treasurer) John Abson (Resigned 31 Aug 241 exender Laird (Appointed I Sep 24) Sonla Amoako Theodora Mdingi Soheila Bakhtsri Azrn muk￿11 (Appointed I Sep 24) Irene Bonsu {￿poin￿d I Sep 24) Daleep Muk2rii (Appointed I Sep 241 Edw"na Cameron (Appoirtted I Sep 24) Jonathan Simms Marion Carden (Appointed I Sep 231 Brian Simpson Beryl Casale Gillian Simpson Bella Chibv*t ( I Sep 24- 31 Dec 24) Joel Stobbs (Appointed I Sep 24) Beverley Combes Melanie "Ruth" Stobbs Paul Eedle David Watson Jeffrey Elmer France5 Watson Deborah Gaitskell Penelope Woods (Appointed I Sep 24) Elizabeth Gamble (I Sep 23- 31 Aug 24) Clrcult Representat¥Ye Barbara Fenning Koy Managem¢nt Personnel Those in charge of directing. controllin& njnning and operating the charity on a day to day basis are. Rev M. Lunn. Church Stevord& (Mr P. Ee(Jle. Ms F. Watson), Property Steward {Mr B. Simpson). Church Treasurer {Mr M. G￿n). Pastoral Secretary (Ms Combes) & Counol Secretary (Ms C. Simms). Bankers Uoyds Bank 149-153 High Road Wood Green London N22 6EF Independent Examiner John Helm ACA Tandem Accounting Ltd 17 Heathville Road London N19 3AL MUSWELL HILL METHODIST CHURCH Annual Report of the Trustees For the year ended 31 August 2024 The Trustees submit their annual report and the financial statements of Muswell Hill Methodist Church r'the Church") for the year ended 31 August 2024. The financia] Stst￿ftents have been prepared in the format prescribed by the s￿rement of Recommended Practi￿.. Accounting and Rewrting by Charities ISORFQO19 IFRS102)) and the Financial Reporting Standard 102. The and administratNe information set out earlier in thFS doojment forn￿ part of this reporL l. Structure, Governance & Management The Church Council comyises of TnJs¢ee& who are elected by Church members, or appointed by the Church Council. They are responsible for Ma￿n8 decisions on administrative and financial matters relavng to the work of the Church and irs premise> Th¢ Church CoLbncil 35 3t 31 August 2024 con5i5ted of the Min￿trr together wtth the Treasurer and Council Secretary appointed by the Council. There were also 16 elected general representauve5. There V￿re 2 meeting5 during the financial year. None of the Trustres recwved remuneration. The day-to-day management of the Church is undertaken by a leadership team. which is made up of the Mlnister. Ihe Treasurer. ProF*rty Steward. Council Secretary 2nd s&Eral Church memtr*rs. The Church also has a number of commiryew dealing v4ith parricujar aspects of the Church's work These are.. Worship, Pdstoral, Community Development and Outreach. Pre-school Groups, Properry and Finance. These committees report regulady to the Church Council where matters are discussed and approved as appropriate. Between meeting5. the Mini5ter& Treasurer and Property Steward have the authority to make urgent decisions when necessary. The main parts of the Church's athities are undertaken by laypersons {volunteer&). 2. Activities & Public Benefit The Chur¢h is a vibr3nt urban multi*thnic evangelisttc congregation with a membet3hip of 137. The Trust¢e5 have yven due regard to the Charity Commissions. guidance on public benefiL During the year the Church continued to carry out the followng activities in order to promote the Gospel in the local neighbourhood: Sunday Worship Children & Youth's acrivities Bible Study and prayer meety"n8 Christian counselling Pastoral visits Since the redevelopment of the'North Bank. part ofthe building in 2￿7 as a ¢omrnuniry centrq this aspect ofthe Church's work has grown in size and sco￿. There ¥e nine rooms of￿arying size& v*hich are used by over 500 people every week The services oPera￿d by Church volunteers include prfrschool ￿3Y actiMtie& a lunch dub and a child confatt centre. There are thriving Rainbows. Brownies and Rangers groups. In addition, we host a variety ofgroup5 who use the premises to provide activities wth social. recreatsonal. educaiional. religous and cultural dimensions. 3. Achievements & Perfomiance Llfe as a faith community We continye to explore and enjoy TrAriety in our vntshrp. especralty during the key Chrtstian festivals. MUSWELL HILL METHODIST CHURCH Annual Report of the Trustees For the year ended 31 August 2024 Fell¢)wship groups Meeting in small group5 ha5 been at the heart of Methodism since ￿S inception. Thi5 is not On￿ where ￿OPle share lellowsh1￿ and make new friend& bjt for many it is the prime agent of P￿SOnal Spiritu￿ growth. Community work The North Bank site hosts a ￿de rnnge of activiue& rydnyftg from Church-led artivities and partnership5 running alongside lettings to third parties. happenhng alongside each other at different times and on differentdays usÉng drfferent combinations of rooms. 4. Financial Review 4.1 Financial Artivity and Ftnancial Position The Church is ￿nded by the generous offering5 of members and others in attendance. together vrith letfings income and communtry grants. The Statement of Financial Acuvtties and the Balance Sheet can be found on pap 7 to 9. The Church's financial resources increased by £35.190 during the year {2023: Increased by £9,249). The 821ance Sheet Show￿ total funds of £2.921.070 (2023.. £1885.880}. 4.2 Rèservt5 Pollcy The Trustees have examined the requirements for general reserves and consider. gNen the nawre of the Church'5 worK general reserves should be equbvalent to cover at least 6 months nornial expenditure. At 31 August 2024 the Church had net free reserves of £55.589 (2023: net free reser¥es of £39.861) as follows: Total Church Funds 1921,070 (2.829,868) 135.6131 2,885,880 {2.831,8921 (14.127) Less: Tanybte Rxed Assets Less: Desi￿ated & ReStric￿d Funds Free Reserve5 55.589 39.861 Free Re5erYe5 Requiremen 6 Month's Budptrd Routine Expenditure 60,000 65,000 Thè trustees are aware that free re5erve5 are below rhe free reser¥es requiremenL The forecax for 202*25 is for an unrestricted fund surplu5 of approximately £&OW, which should enable free reserves to be greater than the minimum amount required. The budgeted 6 month's routine expenditure has been reduced by £5.WO to £60.Cth. largely due to the annual circuit a55e5sment expense. being reduced by £10.754 to £55.(M)0 (2023.. £65.754). 4.3 Restrlcted Funds Restritted ftjnds are monies raised or donated subjett to condiuons attached to their use. Details of these funds are shown in note 9. MUSWELL HILL METHODIST CHURCH Annual Report of the Trustees For the year ended 31 August 2024 4.4 Investment Policy The Church currendy invests spare funds in an In￿reST bearing bank accounL 4.5 Grants Policy The Church makes pints to SLtpport Christian & Missionary endeavours knth in the UK and abroad. The policy of the Church is to give grant5 on the t*sis that they are subjett to annual review and only renewed on the basis of meeting set criteria Organisations which are regularly supponed indude the Methodist Church Fund and Method1￿ Hous¥ng Society. 5. Plans for Future Periods The Church plans to continue with its existing Christian acu￿ties. as ￿￿11 as prowding diaritable support and Christian witness to the wtder community. The ftnancial f¢re(3St for the 202*25 financral year is for the church to make an unrestricted fund5 surplus of approximatrly £8,(W. 6. R￿POnSibl11t1es of Trustees for the Financial Statements The TrUs￿eS are responsible for preparing the report and the finanaal statements in accordance with applicable law and United ￿ngdoM Generalty Accepted Accounting Pracllce. Charity law in England and Wales requires the Trustees to prepare financial statements for each financial year. vthich give a true and fair view of the 5tatr of affairs of the charity and of the incoming resources and application of resourw of the charity for that year. In preparing those finanoal 5tatemÈrKs. the Trustees are required to: select suitable accounring policies and apply them consistendr. observe the methods and principles of the Charities SORP. make judgements and estimates that are reasonable and prudenL state whether applicable accounting standards have been followed Subject to any departures disclosed and explained in the financial statements- and prepare rhe financial sraremenTS on the goinzconcern basis unless it is inappropriatr to presume that the activities of the chariry v#ill continue. The Trustees 2re responsible for keeping adequats accounting record¥ Nthich dis¢l¢)se wtth reasonable accuracy at any ¢ime the financkil position of the charity and enables them to ensure that the financial statements comply with the Charities Act 201 l. the Chariry (A¢¢ounts and Reports) Regulauons 2008 and the provisions of the governing documenL The Trystees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregvlarityes. The Trustees are responsible for the maintenance and inte¥ri¢y of the Church's financial informatyon indyded in the Church's websitr. 7. Approval The knnual Report of the Trustee5 approved by the Church Council on 10 February 2025 and signed on its behalf by.. Rev. Matthew Lunn (Chairperson) Trustee MUSWELL HILL METHODIST CHURCH Report of the Independent Examiner to the Trustees of Muswell Hill Methodist Church For the year ended 31 August 2024 I report on the financial sutements of Muswell Hill Methodist Church for the year ended 31 Augu5r 2024. Sec out on pages 7 to 19. This report is made solely to the Trustees in accordance wTrth section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might State to the Church Council those matter3 l am required to state to them in an independent examiner's reporE and for no other purpose. To the fullest ex￿nt permitted by the law, I do not accept re5pon5ibilicy to anyone other than the Trust and the Trustees for my independent examination. for this repoo or the opinions I have formed. RESPECTIVE RESPONSIBIUTIES OF TRUSTEES AND EXAMINER The Trusoes considers thai an audit is not required for this yEar (under secrion144(2) of the Act) and that an independent examination is needed. It 15 my responsibilt¢Y to: Ex2mine the accounts (under sertion 145 of the Art)" To follow the procedures t2id dovm in the General Direcrson given by the Chariry c￿nmISSIon (under secuon 145(5)(b) of the Ac¢): and To stace whether particular matters have come to my attention. BAS15 OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried out in accordance with General Direttions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the chariry and a comparison of the accounts presented with those records. It also include5 con5ideTrtion of any unusual itsms or disclosures in the accounts ind seeking explanatyons from the Trustees concerning any such marEers. The procedures undertaken do not provide all the evidence that would be required in an audii and consequently I do not express an audit opinion on the accounts. INDEPENDENT EXAMINER'5 STATEMENT I have completed my examinatson. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respec . accounting records were not kept in respect of the church as required by section 130 of the A¢ or 2. the accounts do not accord those records: or 3. the accounts do not comply with the applicable ￿quirements concerning the form and content of accounts set out in the Charities (Atcounts and Reports) Regulations 2¢)J8 other than any requirement that the accounts gwe a 'true and fair view. which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mat￿r5 in conneccion with the examination to which attention should be drawn in this report in order co enable a proper understanding of the accounts co be reached. John Helm ACA l O February 2025 MUSWELL HILL METHODIST CHURCH Statement of Financial Activities (SOFA) For the year ended 31 August 2024 Fund5 2024 Funds Funds Total Note 2024 2024 2024 Income from: Donations. Legacies & Grdnts Other Church Attivities 80.556 11.098 64.580 1.209 11,361 91,917 11.098 64.580 1,209 Lettings Income InVestn￿nt Income Total Income 157.443 IlJ61 168,804 Expenditure on: Raising Funds Charitable Attivitses 10.452 108,287 10.452 123,162 706 14.169 Total Expenditure 114739 7116 14.169 133.614 Net Incomd(Expenditur•) 34704 (706) (4808) 35.190 Transfer Bttw*n Funds (25.000) 25,01)0 Net Movement in Funds 13.704 24,294 (I808) 35,190 Total Funds Brou8ht Forward 1871,753 14.127 1885,880 Total Funds Carried Forward 188S.4S7 24.294 11,319 1921,070 MUSWELL HILL METHODIST CHURCH Statement of Financial Activities (SOFA) Comparatives for the year ended 31 August 2023 Unrestricted Designated Restricted Fund$ Fund$ Funds 2023 2023 2023 Total Note 2023 Income from: Donaton5, Legacies & Grants Other Church Atti¥￿eS 53503 9.529 60.601 470 33.222 86,725 9,529 60,601 470 Lettings Income Investment Income Total Income 124,103 33,222 157,325 Expenditure on: sing Funds Charitable Activtues 9.356 120.979 9.356 138.720 17.741 Total Expenditure 130.335 17.741 148,076 Net Incomd{Expenditur¢) (4232) 15.481 9,249 Transfer Be￿een Funds 3.705 (3.705) Net Movement in Funds (4527) 11,776 9,249 Total Funds Brought Forward 1874.280 1351 1876,631 Tt)tal Funds Carried Forward 1871,753 14.127 1885.880 MUSWELL HILL METHODIST CHURCH Balance Sheet As at 31 August 2024 Unrestricted Designated Funds Funds Restricted Funds Total Total 2024 2024 2024 2024 2023 Note Fix•d Ass•ts Tanwble Assets 2.829068 2.829,868 2,831,892 Current Assets H.741 790 45,531 28.953 Central Finance Bcwd & Trustees for Methodi%t Church Purpose5 Dep05rts 4328 24.294 10.795 39.417 11.306 Cash At BankAnd On Hand 9.681 9.681 26,135 58,750 24294 11,585 94.629 66.394 Creditors- Amounts Falling Due Within One Year 3.161 266 3,427 12,406 Net Current A55ets 55.589 24.294 91.202 53.988 Net A33ets 865.457 24,294 11,319 1921,070 1885.880 Church Funds Represented bT. Unrestricted Funds 2085.457 1885.457 24,294 2.871,753 Designated Funds (UnrestrKted) 24294 Total Unrestrlcted Funds 2M85,457 24.294 909,751 2,871,753 Restrict￿ Funds 11,319 14,127 Total Funds 1885.457 24,294 I lJ19 1921,070 1885.880 The financial Statemen￿ w￿re approved by the Trustees on 10 February 2025 and signed oft irs behalf by. Michael Glynn Treasurer MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 l. Accounting Policles The priftcipal accounting policies adopted judgements and key sources of e5timatyon uncertainty in the preparation of the financial statements ￿ as follows: Basls of accounting The financial statements have been prepared under the Charities Act 20112nd in accordance wtth Ihe Charities Statement of Recommended Prdctice {Charities SORP {FRS 102)) ar7d Financial Reporting Standard 102 (FRS 102)- The financial statements are drawn up on the historical cost basis of accounting except for the revaluation of freehold land and buildings which are shovffl at frdir value. The financial statements indude all transaaions assets and liabilitses for vthith the Church is responsible in Saw. They do not include the accounts of church groups that owe an affilittyon to another or those that are infornial gatherings of Church members. The Church meets the definityon of a public benefrt entiry under FRS 101 Going Concern There are no material uncertainties about the charl￿S ability to conttnue as a going concern and accordingly the accounts have been drawn up on a going concern basis. Income recognition Voluntary income and donations {in¢lu¢fing legacies) are accounted for once the Churth has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recogni5ed on a receIva￿e basis. The income from trading act￿￿eS indudes rental income from the letting of Church premises and freehold land and buildings which is accountrd for when earned. Interest on fvnds held on deposit is included when receiyable and the amount Can be measured reliably by the Church- this is normally upon notification of the interest paid or tAyable by the ban Expenditur¢ recognition Expenditure 15 accrued as 500n a5 a liability is considered prob2bl< and the amount of obtÈgation can be measured reliabty. Longer term liaixlities are discounted to present valLte. The Church is not r￿stered for VAT and accordingty expenditure includes VAT where appropr4te. Charitable expenditure includes those costs in fulfilling the Church's principal objects. as outlined in the Report of the Church. These include grnnts payable and governance cosrs.. Grants payable are ￿Yments made to third parries in furtherdnce of the Church'5 obiecrs. In the ose ofan uncondltlonal grant offer this is accrued once the wÈpienr has been notified of the grnnt award. The notification wves the recipient a reasonable expectation that they wll receive the sr4nL Grants avord5 that are subjett to the recipient fuifi115ng performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that 8fdnt is outside of the control of the Church. Governance costs comprise all costs involving the public accountatiliry of the Churth and its compliance viith regulation and good Pfdctice. These costs include costs related to the independent examination and legal fee5. Jo MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 l. Accounting Policies (continued) Tangible Fixed Assets Tan￿ble fixed assets are accounted for as follows: The Church land and buildings are stated at historic c05L afrer the completion of the redevelopment work in 21x17. Depreciation 1$ not provided a5 the estimated residual ￿￿lue is considered to be the same or higher than the carrying value of rhe properry in the accounts. The cost of furnittjre, r￿ting5 and equipmenL of a value greater than £1,0￿. less any expected re5idyal value are capitalised and deP￿clated on a straight-line basis over the effective useful life of the asseL which has been estimated at five years. Debtors Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid. Cash at bank and on hand Cash at bank and hand includes cash and short term h￿hlY ￿qUid invesunents a short maturity ofthree months or less from the date of opening of the deposiL Creditors and provisions Creditors and proM5ions are recognised vthere the chartty ha5 a present ol￿1&atIon artsing from a p3St event that wll probabty result in the transfer of fund5 to a third party and the amount due to setde the obligation can be measured or estimated reliabty. Creditor5 and PrO￿S1on5 are recognised at thesr setttement amount Fund atcounting The funds held by the charity are esther. Unrestricted general fitnds - these are funds which can be used in accordance with the charitable objects at the discreoon of the trustees. Designated funds- these are funds whith have been Set aside for a specific projert or ¢ommivnenL The trustees have the power to redesignate fund5 within designared funds. Restricted fvnds - these are funds that can only be used for particuhr restricted purpose5 wchin the objects of the tharity. Restriaions arise when specified by the donor or when funds are rnised for parucular restricted purposes. MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 L Income Funds Funds 24 Futtds 2024 Total 2024 Totsl 21123 2024 Ofltrings t*)nat*)ns Inccm*Tax ReclaKYed 45515 10.041 25,000 8￿71 790 53586 10.831 25POO 2500 59579 10246 Legxies Graftrs uoo 16.900 80556 91,917 86.725 lThccMnp from CharTtabk AcDvid Chitdren & kcHI Group5. wedd￿85 & 11.098 I1￿98 9,529 Other TradingktN L#tin85 lacon 64580 64580 60hOI Invest￿¢ In¢on* In￿reSt 1209 1209 470 157,443 168M04 157,325 3. Expenditure Expethditure on Ilaising Funds Funds 24 Funds Funds 2024 2024 20Z4 2023 Stsff Costs.. L*ts"ngs Manager Déjts 10,440 12 10.440 9.347 10.452 10.452 9.356 12 MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 Jb Expendithre Tharrtable Acti¥lties Funds Funds F￿ndS Total 2024 2024 2024 2024 2023 Circu¢tAsses5fMt Church Lrfe & Outrexh m￿￿tsary & Ch4TttJbk G￿% Provi4iw of OffKe & Supp(rt Provtsion of Build￿85 & Fac Governar*ce Costs 550 4A12 350 55.000 I7￿17 2PIO 3067 43568 900 65.754 21,160 2,193 4.466 44247 900 706 12509 1th60 3.867 43568 108287 706 14.169 123.162 138.720 The ￿p￿Se% (rf nil P024: 0) trustees %￿jn[￿j to £nl (2023: 0) in Thin& and wwe during theyear. Paid Enwloyees Funds Funds Funds Total 2024 2024 2024 2024 2023 Gross wages. salarie5 artd in kn.nd Errployer's NatK>nl Ittsurance 20.989 302 20.989 302 19K193 124 (302) 13021 (1241 20.989 20.989 19,093 2024 2023 Average nurtser offU￿￿￿￿￿1aknt ￿￿kyeeS during theyw These fiwre5 e¥clude the rnnts pad to the MethoJi5t C¥cuit the misw. Twho ra fundtrj thrwgh the GrtuitAs$esSft￿L No Enyl(y* Q023: nil) eKce5s c4 £60Xth duri￿the yex. 13 MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 3b Exp¢ndlture on Charhtable Attivit￿$ {contirX￿￿) Missionary & tharitable GiThg Inclvdèj WIth￿ on CharitablektNIW i5 the frAkyHmgnwi￿*ry *)d ch¥it*sk 9vkn Funds Fwnds Funds Total Total 2024 2024 2024 2024 2023 Gi¥ingtoCkgntsawis Aiton for Chihlren Al We Can 81b￿ 710 75 75 75 Chrittlln A¥J DEC Turkw E*Yhquake Ap Leader5 ofWcf5hip & Prexhers Trust M&hodist Housing S Re4.lulius- Ca[rV￿n VllyChur¢h WaterAd 1,410 1.410 876 106 125 Iso 125 150 150 350 1570 1.920 2.143 to Indwhlu* 50 350 2,010 2.193 4. Net Incomel(Expenditure) 2024 2023 This is St￿￿j *ft¥ chayig tkpreclarknn of Assers IndeP￿d￿¢ Exan•nai￿ Fee 2￿24 496 900 14 MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 S. Tangible Fixed Assets Land & Buiklin Church Fiz¢urei ttings & Equipment Cortlvaluation At I SepcwT*)w 2013 AddTty￿S tlisposals 2023539 26.375 2B49,914 At 31 Augjst 2024 2023539 26J75 2,849.914 Accumulated tlepreciation At I Septwrt)w 2023 Charge Y D￿pOs￿$ I8￿22 2.024 I8￿22 2x124 At 31 August 2024 20,046 20,046 Net Book Value At 31 Au8USt 2024 2B23539 6329 2A29.868 At 31 Augusc 2023 2023539 8.353 2,831.892 The Church rriThtwns the church buldingand the Nuth Bankutx< s￿at￿￿ at28 P3ge5 L3n¢ Lc￿d(* Nl O I PP. The¢hurch buildlng L% en thebaknce She￿ aL hts[or￿ co$4 3fv¥ the ofthe r￿a￿tW￿k In 2007. At thedateofthi5 rwL the buihling ￿ ￿Sure>l x a rebuikjiig C¢￿ d £4.985￿33 *)d thethurth qulpft￿tfty av￿e￿£1 38.657. The property is und¥ the oftheTrustees br Methothst Churth Purp05e5. 15 MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 6. Debtors 2024 2023 Débtors Grft Aid ￿￿￿able 5.681 22.169 3.685 4,663 2.600 L*un85 Recw¥able Haringey Heat Pu￿p Grnt Prepaym¢rtts l tt Quarter CrcuitA$se8sn￿t Insurance& Bulkling Maint￿1￿¢* C(*Ltr¥rs 13.750 3.931 13.750 4255 45531 28,953 7. Cash at Bank and In Hand 2024 2023 Lbyds CurreTr¢ Account Lunch Club Qsh Fk)ar 9,490 26.024 9,681 26,135 Creditor5 - Amounts Falling Due Wlthln One Year 2024 2023 Ge[￿￿ Creditors Accruls Re￿￿ Inc¢Th in Adv•ce 1497 930 10.950 900 556 3.427 12.406 16 MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 9. Detailed Analysis of Individual Fund Movements 9a For the year ended 31 Auxust 2024 Atl At31 August 2024 2023 Retei¥ed Expthditure Tra*Mfvs (i) Unrtstrirted F￿d5 Fund l87J.753 157.443 (I 18,739) (25,000) 1885,457 (li) Designated FyrN15 RaYerb￿Ce Fund (706) ZS294 {iii) Restrirted Funds Internal Fund5 B*)*c4ence Fund 674 (90) (9401 (5.4701 11,9641 {145} {3269) (721) 584 2.406 Chalknge Gr{￿p Chikl con￿ C•tre ch￿￿h &JikJing ImprTh¢È Fund {iii) Restrirted Funds Internal Funds B*)Lwdence Fund 724 (501 133761 13285) 674 Child Cont2tt c￿tre Church Building IrrprrecQb￿ Sfe of 5 ye J8 MUSWELL HILL METHODIST CHURCH Notes to the Financial Statements For the year ended 31 August 2024 9. Detailed Analysis of Individual Fund Movements (continued) Dexription of the Deslxnated Fund are as folknw ()1 Restarick Renxrvd>ranee FuTrd: In David &lwnifw Rwartk Thef*)ity ha¥e wuestyj that the funds be uwj f¢x Christian ¢rwh and w￿￿1$mwbWe p0$5&1 Descrsptsons ofthe Restrict￿1 Inttrn41 Funds*re asfolws ()1 Benevolence Furtd: ￿t)d￿j by d￿3¢￿5 to •abkthÈ Th￿L￿. d￿r￿1C￿. to Wantf￿￿til a$5isTrnce Confhyen￿ty to people in {ii) Chalenge Group: This 8￿p SUFPMS theknNles and chOJ￿ with sp￿￿1 neèjs vthKh ￿ atthe Church ￿ Monday n￿rnIng5. (iii) Chikl Corttart The Church Pre￿ISeS are uwj Satyrday to prtrrfbye 2 n￿￿31 nEeting whwe Of$ep¥a￿ fam1￿, referr*J by the courts w thor sokrror5, can hwle corrt*t wtth th)ecr both parwts ther gxtendd farrilEs. (bv) Church Buuding IrT¥Jroverrvt Fund: Funds f¢x window *azng¥td the nStalatr￿ cl a heat purrp. The¥￿￿ is to rejucethe church's aTrnv￿ heating C¢XlS ITS nttcaknn fO(￿￿t (v) Flower Ren*ftthrnnce Fund.. lfi c{Chr￿ Marsh. and trus￿e* Muswdl Hlll Ch￿rch. Her farnity have rty4uÈ%twJ thatdonat￿s in n￿Y be used to pr￿¥Jef1£yw￿5 at w Churth ¥￿Ic (vi) Haringey ESOL Clasw- Closed 2023: The ch￿rCh receved a &rnt frI￿n Haringw C(xJncd to lund En¥ish for Speakers of Oth¥ (ESOL) dumg 2023. Thwe funds wtre used to pay tÈxhing staff. n)3t￿* utiky ccGts. Th* lessons h￿e now and the resMIU￿ bthTh￿ of £158 h25 ￿ trnsferrvj to Mu5wdl we￿0￿￿. (¥ii) HeatiTrE Grants- Closed X123: Thechureh wjccesstuly l*x and hwyants 2 orzAni5allcfis to hdp fU￿d the c05t of heaung duringrhe 2022-23 winw. {Yiti? Lottery Gr•nt. Corywrwnity Garde￿ Thls prclect is p¥tofthe Mu5weJl prorn to provKlÈrefugees and tY￿￿erS of the ccffinwn￿y theopp0rnj￿V to ￿0W and PKktheir