Charlty registratlon number 1129993 BArrERSEA METHODIST MISSION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Caladine Charlered Certified Accountants
BArrERSEA METHODIST MISSION LEGALAND ADMINISTRATIVE INFORMATION Trustees Chair Person Rev Rosamund Hollingsworth {Superint8ndent Minister) Church Stewards Dorothy Obu-cann Georgina Aidoo Rebecca Brown Delaine Gibson-Hylton Oladunnl Oderinde Patricia Edosonwan Church Troasuror Florence Fombo Church Councll S•cr•l•ry Theo Addy Pastoral Socretary Gertrude Boakye Church Representotlvos Dora Bannemian Adwoa Boateng Safeguardlng Offlcer Evelyn Boateng Charlty numb•r 1129993 Prlnclpal addre88 20-22 York Road Battersea London SW113QE Independent oxamlner John Caladlne FCCA CTA FCIE Caladlne Llmlted Chantry House 22 Upperton Road Ea8tboume East Sussex BN21 1BF Bankern Central Finance Board of the Methodist Church Trustees for Methodist Church Purposes Bardays Bank
BArrERSEA METHODIST MISSION CONTENTS Paga Trustees, report Independent examln6fs report statement of financlal actlvltles Statement af financial poslilon Notes to the flnanclal statements 7-16
BATTERSEA METHODIST MISSION TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their annual report and financial ststements for the year ended 31 August 2024. The financlal statements have been prepared in accordance wlth the accounting policles set out in note 1 to the financial statements and comply with the rules and regulations of the Mission and Methodist Church, the Charltles Act 2011 and "Accounting and Reporting by Charities= Ststement of Recommended Practlce applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK aTrJ Republic of Ireland (FRS 102) (effective 1 January 2019)" Objectlves and actlvltles The purposes of the Methodist Church are and shall be deemed to hav8 been since the dale of unlon the advancement of.. (al the Christian faith in accordance with the dodrlnal standards and the d15cipline of the Methodist Church. (b) any charitable purpose for the time belng ol any Connexional, dlstrict, circult, local or other organisatlon of the Methodist Church., (c) any charStable purpose for Ihe tlme belng of any soclety or In5tltutlon subsidiary or anclllary to the Methodist Church: (dl any purpose for the tlme belng of any charity sub81dlary or anclllary to the Methodlst Church. Our misslon Is to stimulate and support Christlan people in their life of faith and to bulld a Ilvely and friend Chrlstlan community which is committed to working wlth olhers in the neighbouthood and the Borough of Wandsworth in response to hufflan needs and the bulldlng of a just society. The Mlsslon 16 managed on a day to day basls by the Superintendent Mlnlster together wlth volunteer support staff. The managing trustees meet from time to tlme to oversee matters. Publlc Benefft The Trustees have pald due regard to guldance issued by the Charity Commission In deciding what activities the Misslon should undertake. Achlevement8 and perfornianc• We aim to provlde the structure for enabling worshlp, pastoral care and training to take place. We alm to enable and support work directed outwards into our local communities, in senilce and soclal action. We alm to provide resources for church d8velopment and growlh We recognise and rejoice in the dlverse social, ecumenical and Inter-faith context whlch undedles all that we do We aim to provlde the adminlstratlvé support whlch wlll release and enable the members of our churches to lfve out their calllng to worship. leaming and caring, service and evangelism. Battersea Methodlsl Mission contlnues to be home to charity organ15atlons- Sound Minds and Homeslart. In addltlon Destiny Klds Nursery and Goldfinch Counselling Practice have their own space In our premises. The Mission Is always seeking to increase the number of community engagements and opens its space for meetings, semlnaTS and trainings. Our worship space is used weekly by The Church of God of Prophecy and Ebenezer Seventh Day Adventists. We continue to consider the current needs of our local wmmunity and now have a project offering emergency food parcels to those In need. This is running successfully and we are actively seeklng volunteers to assist with thls. Sound Minds, the mental health charity who occupy the useable basement space, had disGussed wlth us possibilities for the space on the ground floor which had been empty for some years. Following th8 renovations Sound Minds now regularfy use the rooms for art workshops and displays. The members have continued with their pastoral care, concem for the elderly and isolated by making phone calls, Sending cards and bringing shopplng. The Church Treasurer contlnues to oversee a comprehensive revlew of all expenditure to ensure that money is Put to best use and we are blest by the generoslty of our members and long-standing friends of Batters83 Mission. Risk management The trustees have assessed the major risks to which the mlssion is exposed, and are sadsfied that systems are in place to mitigate exposure to the major risks.
BATTERSEA METHODIST MISSION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Investment policy The Misslon seeks to obtaln the highest posslble retums consistent wlth a cautious attitude to rlsk and short term availability of such monles. Only the Trustees for Methodist Church purposes andlor the Central Finance Board of the Methodlst Church are to Invest funds. Flnanclal rnvlew There was a surplus for the year of £22,842 (2023: defjcit of £24,922) In general funds. ReseNes polley It 15 the policy of the charfty that the free reserve8 whlch hav8 not been deslgnated for a speclfic use Should be maintained at 8 level at least equivalent to beeen three and SIX months expenditure. The trustees consider that reserves at this lev81 will ensure that, in the event of a major drop in funding, they will be able to contlnue the charlty, actlvltles while conslder8tion Is glven to way5 In which addltlonal funds may be r81sed. Thls level of reserves has been malntslned throughout the year.
BATTERSEA METHODIST MISSION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Structure. governance and management The Methodi51 Church in Great Britain, of which the Ballersea Methodist Mission is a part, was an excepted chartty under statutory instrument 2002 No. 1598 whereby the Mission was exempt from registering as a separate charity. The Mission is constituted in accordance wllh the constitutional practice and discipline of the Methodlst Church. The Methodist Church in Great Brltiain is now excepled under 51atulory instrument 2012 No.1534. requiring Methodist tharities with higher InGom8 to register separately and the Battersea Melhodist Mission registered a5 a separate charity on 4 June 2009 under its Orlginal statutory Instrument. The Trustees who served during the year were.. Chalr Person Rev Rosamund Hollingsworth (Superintendent Mlnisler) Church Stewards Georgina Aldoo Rebecca Brown Delalne Glbson-Hylton Patrida Edosonwan Dorolhy Obu-cann Oladunnl Oderinde Church Treasurer Florence Fombo Church Council secretary Theo Addy Pastoral Secretary Gertrude Boakye Church Representatlves Dora Bannerm8n Adwoa Boaten9 Safeguardlng Officer Evelyn Boateng Further Trustees are elected after being nomlnated and voted at the annual church meetlng. Suitable training and Inducllon procedures arè considered but only those with speclllc skllls for work as a trustee are elected. The Trustees, report was approved by the Board of Trustees. Rev Rosamund Hollingsworth Trustee Dated.. 13 March 2025
BATTERSEA METHODIST MISSION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BAThERSEA METHODIST MISSION I report to the Trustées on my examination of the financial statements of Battersea Methodist Mission (th8 Mlssion) forthe year ended 31 August 2024. Responslbllltles and basls of raport As the Trusteés of the Mission you are responsible for the preparation of the financial statements in accordance wlth the rèquirements of the Charities Act 2011 (the 2011 Act). I report In respect of my examinatlon of the Misslon's finandal statements carried out under section 145 of the 2011 Act. In carrylng out my examination I have followed all the applicable Directions glven by the ChaTSty Commlsslon under section 145{5llb) of the 2011 Act. Indepondent examln•r'8 Statement Your attention Is drawn to the fact that the charity has prepared financial Statements in accordance wlth Accountlng and Reportlng by Charities preparlng their accounts in accordance with the Flnancial Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 102) In preference to the Accounting and Reporting by Charities: Statement of Recommended Practlce Issued on 1 April 2005 whith Is referred to In the èxtant regulatlons but has now been wlthdrawn. l understand that thls has been done in ordèr for financlal statements to provide a true and falr vlew in accordance wlth Generally Aepted Accounting Practice effectlve for reporting perlods beginning on or after 1 January 2015. I have completed my examlnatlon. I confirm that no matters have corne to my attention In connectlon with the examlnation giving me cau88 to believe that In any material respect= accounting record8 were not kept in respect of the Mlssion as required by section 130 of the 2011 Act., or the financial statsments do not accord with those records., or the financial statements do not comply wlth the applicable requlrements concemlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examlnation. I have no concems and have com6 across no other matters In connection wlth the examination to whlch attention should be drawn In this report in order to enable a proper understanding of the financial statements to be reached. John Caladlne FCCA CTA FCIE Chartered Cortlflod Accountant Caladine Limiled Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF Dated.. 13 March 2025
BATTERSEA METHODIST MISSION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrlcted Restrfcted funds funds 2024 2024 Total Unrejtrlcted Restrlcted funds lunds 2023 2023 Total 2024 2023 Notes Income trom: Donats'ons and legaclas Charitable activities Investments 13.181 93,330 4,908 2,000 15,181 93.330 4,908 10,852 93,715 3,834 17,0)0 27,852 93.715 3,634 Total Income 111,419 2,000 113.419 108.201 17,000 125,201 Expendlture on: Charltable actlvlties 91,022 6,900 97,922 131,244 6,455 137,699 Total •xpondlture 91,022 6,900 97,922 131,244 6.455 137.699 Net gainsl(losses) on Investments 11 7,345 7.346 (1,879) (1,879) Net Incom•l(expendltUTe) 27.742 (4.900) 22,842 124,922) 10,545 (14,377) Transfers between funds 17 {4,900) 4,900 Net mov•m•nt In lunds 22,842 22,842 (24,922) 10,545 (14,377) Reconclllatlon of funds: Fund balances at 1 September 2023 2,908,862 10,545 2,919.407 2,933,784 2.933,784 Fund balanc at 31 August 2024 2,931.704 10,545 2,942,249 2,908,862 10,545 2,919,407 The statement of financial actlvltles includes all gains and losses recognlsed in the year. All Income and expenditure derive from contlnuing activities.
BATTERSEA METHODIST MISSION STATEMENT OF FINANCIAL POSITION AS AT31 AUGUST2024 2024 2023 Note8 Fixed assets Propety, plant and equipment 13 2,652,669 2,680,255 Currènt assets Trade and other ceIvable5 Investments Cash at bank and In hand 14 16 10,720 88,255 193,605 8.815 80,909 152,428 292,580 (3,QlJOI 242,152 (3,000) Current Ilabllltleo 16 Net current a8sets 289,580 239,152 Total as8ets1013 current Ilabllllle• 2,942,249 2,919,407 Income funds Restricted funds 17 10,545 10,545 Deslgnated funds.. Special Legacles Fund 119,230 119,230 19 119,230 2,812,474 119,230 2,789,632 General unrestrlcted funds 2,931,704 2,908,862 2,942,249 2,919,407 The accounts were approved by the Trustees on 13 March 2025 Rev R05amund Holllngsworth Thistse Florence Fombo Truste•
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcle8 Charlty Inforniatlon The purposes of th8 Methodist Church are and shall be deemed to have been slnce the date of union the advancement of - la) the Chrlstlan faith in accordance wlth the doctrinal standards and the discipllne of the Methodist Church., Ib) any charitable purpose for the time being of any Connexional, distdct, circuit, local or other organisation of the Methodist Church. (c) any charitable purpose for the time being of any sooety or Institution subsldiary or ancillary to the Methodist Church-, (d) any purpose for the time belng of any cherity being a charity subsldlary or ancillary to the Methodlst Church. 1.1 Accountlng conventlon The financial stalemenls have been prepared In accordance with the rules and regulations of the Mlsslon and Methodist Church, the Charities Act 2011 and "AGcounting and Reporting by Charities.. Statement of Recommended Practice applicable to th8rities preparing thelr accounts In accordance with Ihe Financial Reportlng Standard applicable In the UK and Republic of Ireland {FRS 102) (eff8Ctlve 1 January 2019)" The Misslon is a Publlc Benefit Entlty as defined by FRS 102. The Mission has taken advantage of the provlslons In the SORP for chaTlt18s applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from Ihe Ch8rities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair vlew. This departure ha5 involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practlce which 18 referred to in the Regulations but lch has Binc8 been withdrawn. The flnancial statements are piepared In sterllng, which Is the functlonal currency of the Mlsslon. Monetary amounts in these financlal statements are rounded to the nearest £. The flnanclal statements have been prepared under the historlcal cost convention, modlfied lo include financlal investments at fair value. The princlpal accounting policies adopted are sel out below. 1.2 Golng concem At the time of approving the fin8nclal statements, the Trustees have a reasonable expectation that the Mlsslon has adequate resources to continue in operallonal existence for the foreseeable future. Thus the Trustees nilnue to adopt the golng concern basis of accountlng In preparing the flnanclal statements, 1.3 Charltable fund8 The Mission malntalns the following funds',- Unregtrlctèd Funds Unrestricted funds are donatlons and incoming resources receivable or generated for the objects of Ihe Charlty wilhout further specified purpose and are available for use a5 general and designated funds. Rastrlcted Funds Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria 15 charged to the fund, together wlth a fair allocation of governance and support costs.
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policlas Icontlnued) 1.4 Income Income from donations, grants and legacies is recognised vthen the tharity is entitled to the gift, receipt is probable and the amount can be rellabty measured. For donations this arises on réceipt. For grants, thls usually arises upon notlflcation of the grant, although entitlement may be delayed due to terms and conditions first having to be mel or because it Is for a later period. Where a grant is received before required condltlons have been met or the tlme period for which It is given, It Is shown on the balance sheet as deferred income and r818a5ed to income in the perlod when the conditions are mel. For legacies, entitlement arises when the legacy is agreed by Ihe executors and the reGeipl is probable and the amount can be estimated with sufficient accuraty. Income from rent, the Investments and other sources Is likewl8e recognlsed when the charfty18 entitled to It and the incom8 Is probable and measuiable. The Church rents out rooms In its bulldlng to local communlty organisatlons as part of Its charitable actlvlti8s. 1.5 Expendlture Liabilltles are recognlsed when a constructhre obligation exists, th8 payment18 probable and the obllgallon Can be measured or estlmated reliably. Resources expend8d are allocated to the partlcular cost centre to vthich they relate and Include irrecoverable VAT. 1.6 Property. plant and equlpmont Propety, plant and equlpment are inltially measured at cost and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. The freehold land and building belonging to the Church was revalued as at the FRS102 transition date (1 September 2015). The Church has elected to use this revaluation as the deemed cost of the propety on the transition date In a¢cordance wlth the transltlonal provlslon contalned in sectlon 35.10 Icl of FRS102. Tangible flxed assets other than the freehold property are stated at cost less depreclatlon. Depreclatlon of other assets Is provlded at rates calculated to write off the cost less estimated resldual value of each asset over Its expected useful Ilfè, as follows.. Land and Buildings Fixtures, fittlnus and equlpment See below 25¥a per annum on a straight Ilne basis The gain Dr105s arising on the disposal of an asset Is determined as lh8 difference beMeen the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. Fixtures, fittings and equipment over £1,000 are capitallsed. Following the refurbishmenl and renovatlon of the bullding, depreciation Is provided on the buildlng element of £1,372,227 at 2% per annum from 1 September 2016. 1.7 Impainnont of non-current assot8 At each reporting end date, the Mission revlews the carrying amounts of its tangible assets to determine whether there is any Indlcalion that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset 15 estimated In order to determine Ihe extent of the impalrment loss (if any).
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policies (Contlnuedl 1.8 Cash and cash equlvalants Cash and cash equivalents include cash in hand, deposlts held at call with banks, other short-term Ilquld investments with origlnal maturities of three months or less, and bank ovèrdrafts. Bank overdrafts are shown within borrowings in current liabllities. 1.9 Flnanclal Instruments The Mission has elected to apply the provSslons of Section 11 '8asl¢ Flnanclal Instruments, of FRS 102 to all of its finandal instruments, Financlal Instruments are recognlsed In the Misglon's balance sheet when the Mlsslon becomes paty to the contractual provlslons of the Instrumenl. Flnancial assets and Ilabllitles are offset, with the net amounts presented In the financial statements, when there Is a legally enforceable rlghl to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the Ilabilty simultaneously. Baslc financlal assots Basic flnanclal assets, whlch Include trade and other recelvables and cash and bank balances, 8Tr Inltially measured at transaction prlce including transaction costs and are subsequently carried at amortlsed cost using the effectlve interest method unless the arrangement constltutes a financing transaction, where the transactlon is measured at the present value of the future receipis discounted at a market rate of interest. Financlal assets classSfied as receivgble within one year are not 8mortised. Baslc Ilnancial Ilabilities Basic financlal liabilities, Including trade 8nd other payables and bank loans are Inlti8lly recognised at transacllon price unless the arrangement constltutes a flnancing transaction, where the debt Instrument is measured at the present value of the future payments dlscounted at a market rate of Snteresl. Financlal Ilabllitie8 classlfied as payable within one year are not amortised. Debt Instruments are subsequently carried at amortlsed cost, using the effectlve Interest rate method. Trade payables are obllgatlons to pay for goods or services that have been acquired In the ordlnary course of operatlons from suppliers. Amounts payable are classified as current Ilabilities if payment is due withln one year or less. If not, they are presented as non-current liabilities. Trade payables are recognlsed initlally at transaction prlce and subsequently measured at amortised cost uslng the effecttve interest method. Derncoynltlon of flnanclal liabilltles Financial Ilabilf(ies are dere¢ognlsed when the Mlsslon's contractual obllgatlons expire or are dlscharged or cancelled. 1.10 Taxation In the opinion of the trustees the Mission is exempt from United Kingdom Taxatlon on its incoming resources for the year. 1.11 Employoa benefits The cost of any unused holiday entitlement is recognised in the pertod in which the employee's services are recelved. Terrnination benefits are recognised immediately as an expense when the Mission 15 demonstrabty committed to terminate the employment of an employee or to provide temiination benefits.
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Critlcal accountlng estimates and Judgements In the appllcation of the Mission's accounting polldes. the Trustees are required to make ludgernents, estimates and assurnptions about the Carying arnount of assets and Ilabilitses that are not readily apparent from other sources. The estimates and associated assurnptlons are based on historical experlence and other factors that are consld8red to be relev8nL AGtual results may differ from these estimates. The estimates and underfying assumptlons are revlewed on an ongoing basis. Rèvlsions to accounting estlmates are recognised In the period In which the estimate is revised where the revision affects onty that period, or in the period of the revlslon and future periods where the revlsion affects both current and future periods. Income from donatlons and legacle8 Unre8trlet•d Restrfcted funds funds 2024 2024 Total Unre8trlcted Restrfctsd funds fund• 2023 2023 Totsl 2024 2023 Donations and gift5 Administratlon fund 13,181 2,000 15,181 10.852 10,852 17,000 17,000 13,181 2,000 15,181 10,852 17,000 27,852 Donatlon• and glft• Donations and gifts Gift aid 13,181 2.000 15,181 15,207 (4,355) 15,207 (4,355) 13,181 2,000 15,181 10.852 10,852 Income from ¢harftable actlvllle8 Unrestrlctsd fund8 2024 Unrostrlcted funds 2023 Other Incomo utilities expensés recharged Charltable rental Income 16,438 76,892 93,715 93,330 93.715 10-
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 Incoma from Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 4.908 Exp•ndlture on charltabl• a¢tlvltle8 Ch•rltabl• Actlvltle• 2024 Charltabl• Actlvltle¥ 2023 Dlrnct Costs Depreclats'on and Impainnent Circult assessment Church expenses Benevolent award Bulldlng insurance 27,587 21,204 7,820 500 9,436 15,548 10,979 16,248 (22,819) 28,153 18.589 1,028 8,980 18,783 21,174 17,431 8,054 Repairs and maintenance Cleaning Rates (credlt Wand8WOrth) 86,503 76,684 Share of support and govemanc• cost• (800 note n Support Governance 6,942 4,477 14,130 3.399 97.922 94,213 Analyslg by fund Unrestricted fund5 Restricted funds 91,022 6,900 131,244 6,455 97.922 137.699 11
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs allocated to activities 2024 2023 Printlng, postage & ststionery Telephone & broadband Casual employment Computsr expenses Office expenses and Small equipment Governance costs 350 503 239 523 5,327 4,477 1,228 514 6,455 434 5,499 3,399 11,419 17,529 Charitable Actlvltiei 11,419 17,529 N•t movement In fund• 2024 2023 The net movement In fund818 Stated afler chargingl(crediting).' Depreciation of owned propety, plant and equlpment 27.587 28,153 Trustea• None of the trustee's received any benellts from the Mission. The Mlnlster received a stlpend from The Battersea and Wandle Valley circult. 10 Employ••• The average monthty number of 8mployee8 durlng the year was: 2024 Number 2023 Number Total There were no employees whosè annual remuneration was more than £60,000. 11 Galns and losses on Investments Unr•8trlcted Unrnstrlcted fund* fund# 2024 2023 Gainsl(losse5) arlslng on.. Revaluatlon of investment5 {1.879) 12-
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Taxation The charity is exempt from taxatlon on rts actlvities because all Its income is applied for charitable purpos8S. 13 Pn)p6rty• plant and equlpmant Land and Bullding• Flxtur ffttlng5 and •qulpmont TotAI Cost At 1 September 2023 2,872.227 95,066 2.967.293 At 31 August 2024 2.872,227 95,068 2.967.293 Deproclatlon and Imp•lrment At 1 Sept8mber 2023 Depreclatlon charged In the year 192,113 27,445 94,924 142 287,037 27,587 At 31 August 2024 219,558 95,086 314,624 Carrylng amount At 31 August 2024 2,652.669 2,652,669 At 31 August 2023 2,680.113 142 2,680.255 There Is no record of the orlginal cost of the Mission premises at 14-28 York Road, Battersea, SW113QE. The freehold slte was revalued by Michael Edwards & Associates at £1.5 million at 31 Augu81 2008 at slte valuè. Following the sale of thè West Wng In 2014115 the Mlssion valued the remalnlng site at £1.5 milllon. Refurbishment and renovailon costs In 2015 to 2017 of £1,372,227 have been added to the cost figure. 14 Trade And other recelvableo 2024 2023 Amounts f4111ng due wlthln one y••r: other receivables Prepayments and accrued Income 3,369 7.351 3.367 5,448 10,720 8.815 15 Currant asset Investrnents 2024 2023 Unlisted investments 88,255 80,909 Current asset investments are ststed at market value. 13-
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Current liabilities 2024 2023 Accruals and deferred Income 3,000 3,000 17 Restrl¢t•d funds The restrl¢ted funds of the charlty comprise the unexpended balances of donatlons and grants held on trust subject to speclflc condltions by donors a8 to how they may be used. Incomlng rosourco• R••ovrc88 axponded Tran8fer* At 31 Augu•t 2024 September 2023 Replacement of projector8 Admini8trallon Fund 2,000 (8,9001 4,900 10,545 10,545 10,545 2,000 (6,900) 4,900 10,545 Prevlou8 year: Incomlng resources ResoUe3 oxpendod Transfer3 At 31 August 2023 Soptember 2022 Admlnistration Fund 17,000 16.455) 10,545 Admlnlstration Fund represents monies allocated for the costs of admlnlstration slaff. 18 Analysls of net assets b•tw•en funds Unrestrfcted funds 2024 Rostrlcted funds 2024 Total 2024 At 31 August 2024: Propety, plant and equipment Current assetsl(Ilabilitiesl 2,652,669 279.035 2,652,669 289,580 10,545 2,931,704 10,545 2,942,249 14-
BAThERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 18 Analysls of net asset5 between funds (Continued) Unrnstrlcted funds 2023 Restrictod funds 2023 Total 2023 At 31 August 2023: Propety, plant and èqulpment Current assetsl(liabilities) 2,680,255 228,807 2.680.255 239,152 10,545 2,908,862 10,545 2,919.407 19 Unrejtrlcted fund• The unrestricted funds of the chanty compr15e the unexpended b81ances of donations and grants which are not subject to speclflc conditions by donors and grantors as to how they may be used. These include designated fijnds whlch have been set aslde out of unrestrlcted funds by the trustees for specific purp05e8. At1 Septsmber 2023 Incomlng resources Re8ourco• expended Tran8for8 Galn8 and At 31 August 1088e• 2024 Special Legacies fund Ganeral funds 119,230 2,789,632 119,230 2,812.474 111,419 (91,022) (4,900) 7,345 2,908,862 111.419 (91,022) (4.900) 7,345 2,931,704 Provlou* yéar: At1 S•ptember 2022 Incomlng resourc Re8ourc oxponded Transfers Galns and At 31 August 2023 Speclal Legacies fund General funds 119,230 2,814,554 119,230 2,789,632 108,201 (131,244) (1,879) 2,933,784 108.201 131,244 (1,879) 2,908.862 This fund was established from legacles to provide for speclfic welfare projects. 15-
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Operatlng lease Eommltmentj Lessee At the reporting end date the Mission had outstanding commltrnents for future minimum18as8 payments under non-cancellable operating leasès, which fall due as follows- 2024 2023 thin one year Between two and five y8ar8 2,875 1,440 2.875 4.315 4,315 7.190 21 R•l•tsd party transactlono There vRre no disclosable related paty transactions during the year (2023 - none). 16-