Charity T•glatratlon numb•r 1129993 (Englmnd and Wales) BATTERSEA METHODIST MISSION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Caladine Chofterd Cerlilied Accountants
BATTERSEA METHODIST MISSION LEGAL AND ADMINISTRATIVE INFORMATION Tru•l••• Chalr P•rnon Rev'd Rosomund Fi'ngsworth Irotir•d cffj 31 August 20251 R8w'd Jbnnifar Matthews lappolnled on 1 September 20251 Chuf¢h St•wards Dorolhy Obu.C¥nn Georgingd0l) Rab8eca Brown D8Lak)e Glbson&HOlon Oladunni Odèrindo Patriua Edoson Su5sanaAppianlng Emmanuel Ocangey Chur¢h Truiur•r Flor•nc Fcrfnbo Chur¢h Councll S•cr•t•ry Theo Addy P•toril S•er•lAry G•rtrude Boakye Church R•pr•••n¢•tlw Dora 8ann8rrnan Adwva Boal8ng 5•1•guardkno Offlur Evèfyn 8o&leng Op•w•tl•n• M•n•q•r EIKgk&m Aw ClIty numb•r 1129993 Prln¢fpal •ddr••• 2042 Yc¢k Road Botterso0 London SW1130E Indgp•nd•nt •x4mln•r John Cal8dlnè FCCA CTA FCIE Caladlne Llrnlted Chanlry Hou$e 22 Upperton Road Eastboume East Sussex 8N21 1BF 8*nk•rn C•ntral Firtanee 8o#rd of the Mel)¢Ji$1 Clwr¢h TnJslee$ lor M&tholt$l Church Purp¥ Bwckgys gank
BATTERSEA METHODIST MISSION CONTENTS P8g• TnJslee5' r8POrt Independent &xamine¢s report ststernenl ol finantial activthie8 StalemeDi ol flnanclal po8114on No1•6 to lh8 financlal stslernents 7.18
BArrERSEA METHODIST MISSION TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Th• Trustees pre8ent Ihetr annual feport and Iin8ncwl ststoment¥ the ygar 31 August 202S. The fifiandal 51•tgrnent5 havè bfjgn prepared In a¢cordan¢o wKh th6 8ccounlln9 po&cie8 8•t Olrt In notè 1 to I flnancial slalements mplY with Ihe rules and regulations ol Ihe Mission and Melhodisl Churth. the ChariliesAet 2011 and 'Accountlng and Reportln9 by Chadllè8'. Slatomtrnl of Récomm•nded Pradce appllcable lo chaillies preparing Ihsir accounls in ac¢ordan¢e with tho Fin8ncl81 RoporliThJ Slandard applicable In th• UK and Rapublic ol Ireland IFRS 102I1gff¢div• 1 January 20191.. Obl•ctsv•s and aGtlvitl•• The PrpOSeS ol thè Mèihodisl Church Me and shall be deemed to have betn 81n¢i th¢ éate ol unlon the advoncoment ¢f.. 181 Ihe Chnstian farth in x¢ordan¢• with thg dg¢lrind starwjards And th• dlsclplln• ol the Melhodlst Church,. Ibl any charitable purpo8e for the lime bgiry ol •ny Connoxoollal, dtr1, ctrcuS1. thal or other 0198nisab.on t M8lhodi51 Church., Icl any charil3b18 puipose lor th¥ lime being ol any socioty or $tuljn subsidiary or 4ncill•y to thè M•lhodl¥t Chuieh., Idl any prSe for Ihe lim• being ol any eharliy 8ubsldl•ry oi •n¢lliary lo Iha Mathodlgt Church. Our mlssbn 18 to stthulale and 8upporl chrln pgoplB In Ihoir lil• ol lailh lo build a Ilv•ly and Iri•Thdly Chriits"In eommunSly whlch Is commltted lo working with olherj n lh• rtdohbourhood and tha Borough of Wandsworth in rèspans• lo hurnan no$ds an¢J the bu51ding ol a jusl Bociety. The M1$8ion Is managed OTh 4 é•y lo Ll•y bAsh by Ihe Superint•nd•nt Mln181er togelher vhlh volunl••r supporl stsff. Th• managing Irusle•s rneel fworn time lo lim? ¢0 over matirs. Publlc B•n•fflt The TTuJlegs heve paid dua r8uar¢J lo yuldance 15sued by th8 Charity Commi8sbon In decidkn9 vth•l Jdvll•i th• Mlssion Should und•rt3ko. Achl•v•m•mt# •nd p•rtoimanc• W• aim its prtsvid• lh¥ Structu lor 6nabling wor8hlp. p4$lor•l cafe and tralnlng io tak• pl•. We ankn to enable and 8upport work dirèct•d ovh¥ards Inio our Icrtal communlllei. in •rvice 8j wrlo18cllon. W• aim to provid• r•sowces for thuf¢h dOlopmen1 pnd ¥Yowth. Wa Mcogni¥e ontl relo1¢• kn the dlvtsrse 8oclal, acumen1 and Inter-lallh conlexl whlch und¢fli•È all that w• . Within th8 2024-2025 y88r. Bati•rsoa M•lhoOisl Mlssion suec•ssfulty recrulled an Opgrallon$ Managèi. to support Ihe work ol Ihe Mission a$ il 88ek$ lo broadon and d•v•lop itll scope for eno8glng wllh Ihg Communlty, alongslde appropdale charllable or9anisations that seek lo bring whoJ8n955 to thè Iwas ol dIVIduals. The aim 1$ Ihol ch 8dmlnlslralive support will release and ènabb th• m•mb•rs of our chufches to live out Ihelr calllng to worshlp, 18amlng and carlng, Service and evaTrgoli. Balters¢a Mtrthodlsl Mission ¢ontlnu¢$ 10 tse horne io charity organlsations Sound Minds and Hamasta In athJit6on. Destlny Kkls Nursery and Goldfinth Couhsalling PfBcllca have Ihelr own space In OUT prgmlses. Th• Mlssh)n Is alw8yB 8eÉklng lo In(x8ase the nurnber ol community èngagem8nlS and opens Its space for meetln9S. sarninar5 Iroinings. Our worship space 1$ used weekly by The Church of God ol Prophecy and Eben8zer Se¥enlh Day Advqnts'5ts. We continue to c0115ider lh• ¢urr•Tht needs ol our local ¢ommunty and n(yw have a project olfervw emergency lo(KJ to Ihosa in nèod. This is running suc¢essfully and we ale a¢tsvety Seen9 voluThlew$ lo assi91 wlh this.
BATTERSEA METHODIST MISSION TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Sound Mind¥, rntrntsl heallh Charity who tsccupy ugeable basernenl $pg¢e, had tjisojssed with us posslbililws for the space orh Ihe ground fl(k)r whlch had been ernply lor sorne year$. Follow9 the renovaliong Sound Minds now re9ularfy use the foom8 for art workshops and di5play5. The member$ hjve conlw)u•d wh Iheir Pa$br81 caié. concem for the elderty and isolated by makiffj phone calls. 5ondlng cardy and trfinging shopplnu. The Chuieh Treasurer ¢onlinues 10 oversee è comph8${WO review of 811 expendllure lo ensura that money is pul to be$1 usè #nd wè Are blesi by the 9eneroslly ol our members and lorfj-siandin9 friends ol 8allersea Mls$ion. Ov•r the nexl yeai. Ballersea Melhodisl Mission und•r ils new kn8dership, will be reviewing ils rri$sk?n strategy, and wlll $8•k lo or8&18 a Mi55ion Plan, thai id6niifie6 prlorities, which help L+5 lo lulfil Our Calling as a chUh Mission planning will be &n opportunily lor us 10 Ihink Greatsvaly army expbr8 possibili1189, thal are r881151ic wllhin our slrenglhs. In¥••tfflont pollcy Thè Mission s¢eks io oblah Ihe hwjhest possible tsturn8 cth)sOstenl wlh ? ¢Buliws altilude 10 ri8k and Bhort term ovellakn4ly of 3uth monl¢$. Only the Trustees for Meth¢dl$l Clwjrch purpose5 &ndlor th¢ C¢nlrnl Flnance Board ol thé Ilho¢JIS1 Church ar? 10 IllV•St lunds. Flnanclal revl•w Th•r¥ was a deficil laf th• year of E68.72912024.' ¥urplus 01 £22,842) In gener81 lundg. R•••rv•• poll¢y 1115 the poIY ol tho (harily thal the Ir88 r058rvos Nthich have not been desi9nated lor a sp8ciflc use should be rnalntAinod 818 lèvel at le88l eqLHvaleni IC> boM8en thro8 and SIX monthi èxp•ndllufe. Th8 Irust8a5 considw IhJl reserves 81 Ihb5 level wlll ensure Ihal, In Ihe event ol a major drop In lundtng, IhÈy wlll be ableto conlinue the charlly's activi11g5 whlle wnsid¢iallon 18 given lo ways In whl¢h 4ddlOal lunds may be faisfjd. This level ol re#•Nis been maintained Ihroughoul the year. Rlsk m•nag•m•nt The Iruslees h8ve asaeysèd Iha major flaks lo which thè mlion is expogeé, afo 8#118lled Ih&l Jy8¢em8 arè In pbet 10 mitigate o4)osure 10 thè rnaiof rlsks.
BATTERSEA METHODIST MISSION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2L125 Structur?. govem4nce and nwnagom•nt Th¢ MethDdi8t Church In Gteat BritaSn, ol whlch the Battetsea M•lhodi$t Misslon r8 a Part, was an excepte(I chanty uThYer stalulcry in81rumenl I2 No. 1598 wh•roby Ihè Misslon WA5 •xémpi from re9iStoring as a 5epar?le chadly. Th• Mlssvjn Is ¢onstllut•d in ar£ordanc8 with the con¥tilutional praclice and disaplina of the Melhodist Churth. The M&thodi51 ChurGh in Gfyat Brlllaln Is now ex¢epl•d und?r $talutOry strUment 2012 Nts.1534. rquin9 M8thodlsl charities with hwJhgr income to roglsler saparaiesy and the Ballargea Methodi81 Mi83ion regI8red as a 8opafat6 ch8rNy on 4 ne 2009 unde¥ il¥ original slatulory inslrum•nt. Th• Trustee8 vkno served durkng the year WOTe Chalr P•rqon R8v Ros¥mund Holllng54wvth ISup•rtnlendent Mlnisterl (r¢tir•d on 31 Au9U5t 20251 Rov J•nnller M8tthewB18ppoSnted on 1 Soptsrnb•r 20ZS1 Churth Slewaid Ga91# Aidots R8bec¢8 Brown De18? Gib$-t0 P8iriela Edosomw8n Oorolhy Obu-cann 018dunni Od8rindtr Su5san8 Appianing ErnMu01 OGan8•y Church Treasurer Floi•ne• Fe¥nbo Church Councl 8ecr•lary ThooAd¢Jy Gertru 8oakyo Churth R•prs•nts16v•s Dora BannemiBn Adwoo Boat•ng SAf•guariJing Qffi¢¢r evotyn aoaleng Further Trusl••s ar• alected ¥tt*r tytino nomiftaled and vot•d at Ihe annual thurch meelin9. SuI18ble Irainin9 and dU¢110n procedures arg nsIder8d bul onty those wilh spocific skllls for woth as a Iru8tg8 arg elected. rho TnJstq•s' r•port WO¥ aPFyoved by the Board dTru¥l¥¥9. Rey'd Jenn Tw51ee ar M#llh•ws
BArrERSEA METHODIST MISSION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BAERsEA METHODIST MISSION I roport to the T¥ustees on my examinadon ol the fancIal stslement$ of Bal¢er888 Methodist Mission Ilhg M1551onl lor Ihe year ended 31 August 2025. Rtspon¥lbllitl•¥ and ba$ of r•port A5 Ihe TnJ8lees of the Mission you are responslbk for Ihe preparation ol lh• financial statements in seco6nCe with the rgquirÈmènl$ ol Ihe Charitittl Act 2011. I report in r?5P¢Ct of my examlnalK)n of tha Mlsslon's financial stal•menls c8ffiad out under s8cb.on 145 of the Chhrilles Act 2011. In carrying oul my ex#rninalion I have followed lh8 Oiroelions glven by tha Charily Comrnisslon under sèctlon 145lSllbl of Ihè Charitles Acl 2011. Indep•nd•nt •xamlner's statemenl Your 8ttenllon 15 drawn lo Iho fact Ihal the charity ha$ prepar8d lh• thancl•l $tal•m8n15 kn •¢¢ord8nc8 wilh Ihe rolev8nl veTsion of Ihe Sla18mÉnl ol Rocomm8nd8d Practic8 applicatslg lo charltles preparing ihey finanGlal slalemenls w) acwrdonce wilh the Financlal Reporting Stsndard oppllcable In th8 UK bThd R•publc of lieland IFRS 1021 In prel¢ren¢o to the Ac¢ounlin9 8nd Reporting by Charllio8'. Sloiament ol R8comm?nded Proctice on 1 April 2005 which i¥ referred lo in tho gxlanl r¢guL3tlDns ha8 been wllhdiawn. I derStand Ihal thls hbs blan done In order lor flnandl $18t•m¢nl> to prode a Irue and 18lr VIEW kn &Crdanct wllh UK Generally A¢c8pled Accounting PracliE8. I have completed my 8¥8rninalw)n. I th81 no rnatters have come lo my attenlloTh In connecllon wilh the xaminoibn 9iving m• cau$8 to b•U$v• Ihot In any rnaterlol rasp8cI- Aeeounlirtg recd$ nol kept In re•pect ol Iho Mlssion as required by 8•ction 130 01 lh Chariti•6 Acl 2011. thè financial s1ot•menly do not accord wllh thosè reeords., or the finanel#l slAlemenls do not edmply wllh Ihe appllcablg r•qulremenl$ COnrnIng IM form and cornl•nl ol nanclal sl8tèmèntS S81 01 in the Chariliès (Accounts and Reprtrtsl Regu18tltsn8 2008 Olher Ihw any r•quir8m8nl th81 ihe IinanrA81 slalemonls glvg 3 Iruè and lalr vlgw, wh¢ch18 not a rr1811er nSidered &8 part ol Bn Ind•pondeDI ¢x•minats'on. I ha no ¢onc4m8 and havg eomo ro$S no olher maltvr$ in o)nneciK)n ¥th lh8 •x8min8tion lo vthich 8ll¢nliDn should be drown In Ihls reporl in tsr¢¢f to ¥nable a proper Wder¥Id1r4J ol the financial $latemenls lo r•8ch8d. John Caladln• Chartgr8d C Caladlng Limltsd Chantry Hous• 22 uprI0 Road Eastbourne East Su35eX 8N21 16F CACTAFCIE Date..
BATTERSEA METHODIST MISSION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unr•stfiCt•d R•itrlct•d lund$ funds 2025 2025 Total Unr••trlct•d Re•trl¢t•d fund• ftsnd• 2024 2024 Total 2025 2024 Not•• Incom• Irom: Donotit>n¥ and looaei88 Charitable acllvities Invègtmènts 9.623 79.454 3,307 50,tsJO 59,623 79,454 3,307 13,181 93,330 4,908 2,000 15.181 93,330 4,908 T•t*l In¢om• 02,384 So,0 142,384 111,419 2,000 113,419 Expgndltw• Charllablo acllvili?8 126,839 93,631 220.470 91,022 6,900 97.922 Total •xp•ndltur• 128,839 93,631 220,470 91,022 6,900 97,922 Nal galnslllosses) on Investments 11 S75 575 7.345 7,345 •t Incomell•xp•ndl¢ur•l 133.8601 43.6311 177,5111 27,74Z 14,9001 22,842 Trnn8fers b•iw••n frtS 17 134,8491 34,849 I4,0) Net mov•m•Dt Ih lund• 188.7291 18,7821 177,5111 22.842 22.842 R•concllb•tlofi ol fund•: Fund ban •t 1 Septernber 2024 2,931.704 10,545 2.942,249 2,gYJ8,862 10,545 2,919.407 Fund bal•nl at 31 Awgu•l 2025 2,862,975 1,763 2.864,738 2.931.704 10.545 2.942,249 Thè S1•( oi financial a¢iivlié# Includ85 all galns end los$e8 re¢o9ni$8d in the year. Al Inwm8 and 8xpen4ilur derive Irorn conlinuing a¢'¥ll1e¥,
BArrERSEA METHODIST MISSION STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2025 2025 2024 Nol•• Flx•d assets Property. plant and 8quInE 1) 2.625,224 2,652,669 urr•nt Trade and Olhar r•c•lvab198 Invèslmonls Cash al bank and In hand 14 5.634 88.830 148.174 10.720 88,255 193.605 242.638 13.1241 292.580 {3,0001 Cutt•nl li•bllltS•x N•t tsJff•rbl assets 239,$14 289,580 Tolal al1• l••• ¢urr•n¢ NAbiiiil•i 2,864.738 2,942,249 Ine•m• fund8 Resldcted lundB 17 1,783 10,545 0•$8¢•d funds.. se181 L•gacies Fund 119,230 119,230 119,230 2.743.745 119,230 2.612,474 Gan•ral Unmatrl8d fund8 2,862.975 2,931,704 2.864.738 2.942.249 Tho account$ wor& opprtsv by Ihe Trusi*e$ .Ilf...... Rev Jen Tru¥tee ler M8llhows Trust•
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountthq pollch• Chaffy Infomiatlon The purposas of the Melhodlsl Church are and shall bo d•em•d lo havè been slnce the date of unlon th• advgTrc8menl of - lal the Christlan l&rth In Accordonce with the doElrin41 st8ndards and the d15cipllne of Ihe Methodist Church,. Ibl any Charitab purpos• for thè li b8ing ol any connexn01, dSsirtel, drcuit, local or olher organis¥lion of the Melhodisl Church.. Icl any charitab purpose lor the lime bÈlng ol any s0(iety or Instbtul*)n subsidiary or anciHary to the Melhodi$t Church." Idl any purpose lor the 1Sme being of any ¢hari¢y b•ing a charfly 5ub$ldlary or a)¢illary to the m•thodl Church. 1.1 8a•ls ot pr•p•r8llon Thè flnanckl stai•mant$ hav• b•8n prèpof8d in acctwdanc• with th• rulas and re9ulallons ol lh• Mlsslon and Mèlhodisl Church, the Ch8rili&s Act 2011 and AcColIng and Reporting by Charilie8.' Slatemanl of Recommended Practicè applicable to charllle6 preparin9 their ac¢ounls In accordance wilh the Flnancial Reporting Standard applicable in Ihe UK and Republic ol Ireknd IFRS 1021 loffeclive 1 January 20191. Th• iS5ion 15 a Public Benèfii Entity a$ dofin•d by FRS 102. Th• Mlssion has t8k•n •dvJnlag8 of tho kYovisw$ In th• SORP charit188 apptyin9 FAS 102 Updat• 8ullats'n 1 nol to propare a Slalemenl ol Cash Flow8. Th• financlal s¢alemenl$ havfr departed Ircxm the Charilies (Accounts antl Reports) RewlalioD6 2008 Ort lo lh• •xlenl requlrecl to prod8 a true and falr vlew. Th18 d•p8rtur• hos Involved following the Stslomonl of Fl•comménd8d Pracllce for charitie6 applying FRS 102 rather than th? v•r8k)n ol thè Stat•rn•nl of Racommgndod Prad[ whlch 18 r818rrgd to in Ihg Rggulalions but which hBS since b?911 Wlthdrawn. Th• fthandal slalemenls are propargd In Siedthg, which Is the lunclbnal currency of th8 Mls1ion. Monètary afflounts in thos• flnancial statemen18 ar• rounded to neaiesl £. The financlal sialemen18 hove been prepared under tho hlsloflcal eost convention. Th)dified lo includ? financlal Inveslm•nls al lalr Va¢. Tho prlncipal accounilno wli¢ias adopt•d 8r• sel out below. 1.2 fj?Ing ¢on¢•rn Al the lime ol aFvrovlng tha fina1 slalemenls. the Trusl8•9 h•v• • eS¢able expect8llon that ihe MiBsion has adequatè rosources lo conlinuè in q)èrational axistencg lor lh¢ ltsresaèab fulLf•. Thug the TrLk81ts6s ¢onlSnts8 lo adopt the go19 concèrn basls ol oecovnling In prapailng th8 finanelal slai•ménl$. 1.) CharStabl• lund• The Mis¥ion maM)lalns Ihe following fund¥'.. ilnréstrl•d Fund• Unrostskled funds ar• donatlons and Incoming resoufe•S r•eoivAble or g8Mml•d for tho obCts ol th• Charity wllhoul lurther spocrfiod purpoge and ore available lor usg as general and deslgnaW luiid>. Re•tflct•d Fwnds R•$litt•d funds are lo tso us•d lor specllic pvrpD5es as laid dtswn by the donor. Expendlture whith meets Ih•so ¢riieria is ch8rgod to th• fund. logath•r wilh a fair albcation of gov•rnanea and support costs.
BArrERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢countlng polteb•s Icontlnu•dl 1.4 Incom• Income from donalions. grants and le98cie5 15 recogn151 vA18n ihe tharily 15 8nlilled io Ihe 911, fft¢eipt 1$ probable and the amount can be rehabty measured. For don8bons Ihls arlses on rgcelpl. For grarnls, fftis usualty arises upon nobfi¢alion ol the gTanl. although en11tment may be delaypd due lo terms and ¢ondrtion¥ rir31 havin9 to be mel or be¢au$e ft L8 lor 8 18ler perlod. Where a gfanl is r8ceivèd bblora roqulred condition5 have been mgt oi Ihe lime period for wh¢h it is gin, St 1$ shown on Ihg balance sheet as deferred in¢om8 nd r8legsed lo incom• in tho p•ri¢xl when Ihe C()ndItnS are rn81. For18gacies, •nlillern?nl arises ¥thtrn Ihe legaey 1$ agreed by thè exècutors and the receipt 18 probab and th8 amount can b8 e8limated with suifi¢i•nl accuracy. Income from rent, Ihe inveslrn¢nls and othtrr source5 is likewlse recogni$ed when Ihe charity is entiiled lo il Bnd the Income is probable and measurab18. Thè Church r•nis tyJl rooms kn 118 builthng lo Iwal ctsmmmily orgAn4$81ions &8 Part ol ils th8filable aotivili•8, 1,5 Exp•ndllur• Ll8bllilie$ 8r• recoonisgd when a corn&lmellv• obllgallon 8813, the paymont 18 kyobablè and the ok4igallon can be rn02suMd or eslimated rèllably. Résourcos •Yp•ndd are lOcale[l to Ihe poiW¢ular co¥1 Genlr• to Y+tdch th•y relale And knclud• kYtoov8rnblB VAT. 1.6 Prop•rfy. pl•rf and •qulprn•nl Prop?rty, planl aml eqLMpmenl are inilially m•asur•d at cosl aTrJ SUbqUnmy [8ule al cost or ¥aluaiion. net of d•pi•clation and any ImpalentIosOs. Tho freehold land and bIng b8b)nglng to th• Church WAS revalued ai 01 lh¢ FRS102 translOn d8te11 S•plember 20151. Thè Church hBs 48rAad to u¥e Ihi8 rovoluaiion as the degmed cost ol thé propgrly on lh• Iransitson dalv In accordance th8 IioThsitional provi8ion conl4ine<l in 58clion 35.101¢l of 118102, Tanglbt• fixe¢S ass•ls oth•r than lh• freehold PrOrtY • slal•d at cosl leas depièei•Uon. D0preciall ol other Ag8elg 1$ provldod al r8tes Calculat lo off tho cosl lesg eJlim8ted r•8idual valu• of exh aswt over Ils exwt•d lu1 lrfe, 08 follows.. L•nd and 8vlldln91 Flxlure$. fittings and •qulpmenl See bèlow 25% pèr annum on a stralghl Ilne baJl¥ Th? galn or loss wlslng on disposal of an asset h determlned as the (Wfference b&en the Salo pr888 and Iht Carrng value Dr IhÈ •s8è1, and is rs¢ognised In the 9talemenl of Ilnèncial atllviliès. Flxlur*$. Ilttings and equprnont ov•r £l,Q(XJ ar8 capilallsod. FIAINlng the refurbi5hm•nl and r¢novaboD of the building, depr•cialion 15 wovmjed on the building element of £1.372,227 al 2% annum from 1 Seplernber 2016. 1.7 Imp•lrm•nt of ntsn4urrwl as$el¥ At each rOPDTting end dotg. the Missic reviews the carryin9 Jmoun15 01 115 tangble a55ets to (Jelerrnine whether there is any lidication thai thosè 8$SOts have suNerod an impalrrnent 105s. If any such in¥i¢alion exlsts. the raeoverabk 8mounl of the as581 is estlmaterj in order to delermine the extent of the impwrmenl loss lif any).
BAThERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS ICONTINLIED) FOR ThIE YEAR ENDED 31 AUGUST 2025 Accountlng pollclts IConttnu•dl 1.8 Cajh #nd h equlval•nts Cash and eosh equivalents InclLK1e cash In hand, depo$its hold al Call vjllh banks, otlw $hort4emi IiqLld invèstmènts wlth ortginal malurllltrs of Ihi88 months or less, and bank OV8(aftS. Bank ov8rdrnfts ar• sknyn within t)orrowing$ In current li8bili¢ses. 1.9 FINnclal In•trurn•nt¥ The Mlssion hA$ 6lect•d lo apY the PfovlsSon8 of S•cIt 11 '8asic Flnaneial Instruments. of FRS 102 to all ol Ils financi81 instrum&nl8. Finala1 Inslnjments Bre raeognlmd In thè Mission'8 babncè ah••t wh•n Ihe Migslon becomes party lo contracitsal provlslons ol the instrumenl. Flnond81 assets and liabllilles are offset, wllh the nel 8mounl8 Sented In th• financlal $tAt8ments, wh•n Ihiè Is a legally ènforc8able rlgnl lo 891 tha rKognisgd amounls and there18 an inlan1n to sol1 on a n•t b¥1$ lo rtsahse the a&s8t and settle tho liabAlty $imullaneou¥ly. 8a¥k I1n•ncl•l¥•ts Bas financ1 ¥sselS, whl¢h Includ8 trade and other r¢tsiv8blès and c8sh Bnd bank balances. are Iniilally msUre<l at transaction prit• Induding Iransathon costs and •rn 8ubeequ•ntly at wnodlsed cosl using the effecliv8 inler851 method unless thè arrJngemell¢ constilulgs a financing Iransaciion, where Ihe Iransatilon Is rn&asur•d al the present VAluè of th• Ikrtuie recelpts dtscounled al a Mae1 r8ie ol interest, Flnanclal as$Ot$ ¢lasslfied as 18ceivabl8 within ong y88r Ara not amortisgd. B•sk Iln•n¢hl Il•biiiei•s Basic fin8n¢io1 liabillii0$. Indudln9 trade an¢J olhgr payablas and bank 1o#ns are Inili811y r$¢ognised al Iransacllon price unless the 8rrangem¢nl conslllutes a finarteing Ir8nsxlion, wh•re the dobl instwmonl 18 m8•sur•d al the pr•s8nl value ol Ihè fulur8 P8ymanls discount al a rn8rk¢i rale ot inlor95l. Fin8nclal liabiliti?s Ll¥ssified as payable With ong year ale not omartistd. Débl In81Nmenls ar• •ubwqu¢nlty cafrted ai 8mortSsod co81, u$lfio Ihe •ffeclivg inl?rgsI ralo melh¢d. Tradè payAbles are obllgaliong to pay for good8 or s8rylces Ihal h•¥é betn acquired In Iha ordinary tovr%f) ol operalK)ns Trom suppllers. Amounts payabl• are claè$ifièd as eurr•nt Iiatsiliti$s 11 paymenl due wllhln ono y•ar or 1089. If nol. they are ¢SnIed 85 non-curr9nl Iiabilillès. Tr8de pay8bl85 are recognisèd irnilially al transac1h prfce wd subsequenlly ffje•sured al amorusod cost usirKJ the eff¢cUvo Intèrest method. D•r•¢ognltlon of fln•nchl Il•bllllh$ Finan¢ia5 Iiabilllies are derectyjnised wh8n the Misslon's eontraetual ob1hj8tis 8xplr8 or are dlschargèd or canc•ll•d. 1.10 Taxatio In the oplnlon ol th• tru$lees Ih¢ Mission Is exempl frorn Unl(ed Klngdt)m Tax8llon on Ils incoin¢ng r•aourea8 for the year. 1.11 Employ•• b•nefs The ¢osl ol any Ltnused holld8y erskn'llernent 1$ recognised In the period in whKh the omployae's Seica4 are r&celved. T•rminatKJn bengfit¥ 8rg roeogni98d imrnediat8ly ¥¥ tyn expense when the Mi$¥ion is demonstrably commitlgd lo terniinale Ihe empknymenl ol an employèé or to providè 18rmlnalton bonefits.
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Critieal acci11n9 •gtlm•t•s and judgements In the appli¢ation ol the Mls4on's a¢eouniing polirAès, Ihe Trustoes ar8 rgquirod to mak• jud98rnènt$. 0sllmales and as5umplion5 aly)ut the carrying 8mounl ol assels ant1 liabilities th81 arg 1 readity appargnt from eihef sources, The eslimAles and assoclateij a5sufflplions ara based on historical exp8ri•nce and other faclots thai are considèred to bè relev8n*. Athual resulls may dNler from these esiimales. The eslimales and Undey1n9 aBsumplion¥ ar• revl8wed on an ongoing basi5. Revlslons lo accounting 8$1itnales are r8cogni58d in the period in which Ihe 051imate is revlsed Ithere Iha revision artècls only that p•riod, or in Ihe per¢od of Ihq rèvision and future periods bthere lh8 rèvislon affecls bo¢h currgnl and future periods. Incorn• from donatlon8 and hga¢le• Unr•$trlct•d R••trlct•d lund• funds 2025 2Q25 Total Unr••trkhd R•strlGt•d lund• 2024 Tot•1 2025 2024 2024 Donallons and 9ifts Grant6 9,623 9.623 SD.000 13,181 2,000 15.181 50,000 9.623 50.000 59,e23 13,181 2,000 1S,181 Oon•tlon• •nd glfts r>Jnatlons and gifts 9,823 9,823 13.181 2.000 IS,181 9.623 9,823 13.181 2.000 15,181 Incoff45 Irom ¢harlt•bl• •ctlvltl•• Unr••trlthd unTtrICI•d lunds lund• 2025 2024 (Xh•r Incom• UIHilies expense¥ r8ch8rg8d Charilable ranlal income 4,073 7S.381 16.438 76,892 79,454 93,$30 10-
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThE YEAR ENDED 31 AUGUST 2025 Inwm• Irpm Inv•slm•nt• Unr•strlct•d UTrr•ilrict•d funda funds 2025 2024 Inl8rest rtrceivabl 3,30T 4.908 exp•ndltur• on Cha1•b •ctlvllle• Charltable Activltlè Charilable livltS89 2025 2024 D•pr•dallon and Impaimwnl Clrcull asses$rn•nt Church •xpons•s 8•n•volenl award 8vikling in8urane• llillls Repairg and rnainlen•llc• Cleaning RBl8s Icr•dtt Wandsworthl 27,44S 21,654 27,587 21,204 7,820 9.607 17,594 102.898 15,862 .123 9,436 15,548 10,979 16.248 122,8191 201.585 86.503 8h•r• 01 •upport ind gov•m•nu co•t• {••• noi• 71 Support Governanc• 16,497 2,368 8.942 4.477 220,470 97.922 Anify•l• ty fund Unrestdetèd fund$ RO$tried funds 126,S39 93,631 91.022 6.90n 220,470 97.922
BArrERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support cmts •lloc•t•d to actlvltle* 2025 2024 Prinlin9, Postage & $18tlonery Tglephone & broadband asual employment Compular expèNs•s Office èxpenses and sm2118quipmenl Admln staff •mployment C051s Governance cosls 720 583 350 503 239 523 5,327 1,075 S,337 8.782 2,388 4,477 18,885 11.419 Chthriiable A¢livi1188 18,885 11.419 N•1 mov•m•nt lfi fund• 2025 2024 Th• rwJl mov•mgnt kn l•Jnd8 Is blated after charolngllcr•dilingl'. F•08 payable lor Iho Ind•wth1•nl examinatron ol Ihe chBrfty'• financial ststernents D•pr•cialion ¢1 oWra wep•rty. pl1 and equlpm•nt 600 27,445 1,000 27.587 NOM of Ihe Irust•8's receed any bwlll$ frem the Mlsslon. The Mini$tgr f¢eelved a 6tlp¢nd Iwm Th• 8atler8e8 and wand V•lley clrcull, IQ Employ••• The average monlhly number ol empK)yeo8 durfng Ihe y88f W88.. 202S Numb•r 2024 14umb•r There were no employee¥ who$0 annual remuneration wa5 rnore than £80,000. 12.
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 G•lns •nd lo••e• •n lrnv••lrnont Unr•trlttéd Uhrétrl¢led funds fund• 2025 2024 Gairh8111058•sI arisiry on.. Revaballon of inv•sim•nis 575 12 T•xatlon Th• charlty 1$ •x•rnpt froffl tamalkjn on Its acuvltiès bacaug• 41111$ Incom8 1$ applled lor thalltable purwe$. 13 Prnpgrty, ptsnt AbMI •qulpm•nt Land •Dd •4ulpm•nt At 1 S•pl•mb¢r 2024 2.872,227 95,C68 2.967,293 At 31 Augutyl 202$ 2,872,227 95,066 2.967,293 Dgpr•elailoTr Ind lfflpalrm•nt Al 1 Sgplgmb&r 2024 DIP¢48t10n thwged in the year 219,558 27,445 95,Qe8 314,624 27,445 AI 31 AugU8t 202S 247,003 95,6 342,tK9 Carrylng arnount Al 31 Avgu¥t 2025 2,625,224 2,625,224 Al 31 Augu$l 20Z4 2,652.869 2.652,669 Tre 19 no record of lh8 orl4nal co$1 ol lh• Mi$$ion promlsfrj al 14.28 Yth Road. Baii•r$•A, 8W11 3QE. belng the Churth Man$•. Th fr8fjhnld 8Ne wa5 rgvaluod by Mlchael Ethvards & Assoc4a(88 #1 £1.5 Millic at 31 Augusl 2008 81 sil¢ value. Followir¥J Ih? sale of th8 Wesl Win9 In 2014115 the mi5510 ¥glued tha remalnlng s11¥ <11 £1.J lIOn. R8furbOshmenl and renovalion costs 2015 10 2017 of £1,372,227 have beèn added 10 th• cosl figure. 14 Trwl• Ind oth•r r•1¥bI 2025 2024 Arnount• l*lllng du• wlthln one y•ar: Other recelvabl8S Pr•p8ym8nls and accrued irKomg 3,369 7,3S1 5.634 5.634 10.720
BArrERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 15 Cutr•nt •$get Inve8tm•nt 2025 2024 Unliste<l Inveslmenls 88.830 88,255 Currenl asset inv88im8nls aro staled al markol v81w. 11 Curr•nt Ilabllltl•i 2025 2024 her taxation Bnd 50ci81 saeUtY Olher payable8 AccnJals and del8ffeil incorr 1,141 2,300 3,000 3,124 3,000 17 R•strlct•d fund• r95trlcl•d funds ol lh• ¢harily comprkn• tho un•xp•nded bal8nc•$ ol donallons and 9fanlS hekl orn iru$t ¥ubject to 5p$dlic conditions by donors as lo how Ihey may be ujed. At1 8•p¢•mber 2024 Incomlng R••ouru •xp•nd•d Tr•Nsf•rs At 31 August 2025 AdMlS1r81trITh fund Rool rep8 prolect 10,545 18,7821 ie4,8491 1.763 50.000 34.849 10,545 so,ooo 193.6311 34,849 1.763 Pr•vlou• y•r.' Incornln9 f•Nourc•s R•#ourr•• •xp•nd•d Trn*f•r• At 31 Augujt 2024 S•ptgmb•r 2023 Repl8cemenl ol projectors Admlni$trallon Fund 2,)0 16.9001 4,0 10.545 10,545 10,545 2.000 16,9CN)I 4.900 10.S45 AdminislralKin Fund represenis monles allocaled lor Ihe eosls ol admlnislralion sl211. 14
BArrERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 18 Unr•strkt•d fund8 Th• unreslrlcled funds ol Ihg thwlty wnpri$$ the urn8xpend8d balan9 of donallons And grant5 which ar8 nol subjecl to specific condition8 by donors •nd 9rantors as 10 how Ihty may be used. These indude d•signalwl flind$ which have been sel aside out of unreslricted fund5 by Ihe trustees for 6P8cafic purpos0$. In¢omlno RMour¢•• •xp•nd•d Tr•nJf•r• G•lns 4nd At 31 AugU•t lo$s• 2025 S•pt•mb•r 2024 Spec181 L8gacle8 l¢Jnd Genfrral lunég 119,230 2,812,474 119,230 2,743,745 92,384 1128.8381 134.8491 575 2,931.704 92,384 1128,8391 134.8491 575 2.882.97S Pr•vlous y•ar: At1 8•p¢•mb•r 2023 In¢omlng r••our¢•• Tr•n•f•r• Galns •Thd At 31 AolluBt 1088•• 2024 •xp•nd•d Sp9cial L•9a¢109 lund Gen•rnl lunds 119,230 2.789,632 119,230 2,812.474 111.419 191,0221 14.9001 7.34S 2,908,862 111.419 191.0221 14,9001 7,345 2,931,704 Th15 lund wa¥ •ilablith?d from1804d•s to Fxovld• lor sp•cMk wellare prohed$. 19 Anafy•l• ol n•1 a•••l• Ixtw••n lynd• UnrtBtrlct•d lund• 2025 R•strlet•d fvntls 2025 Tol•l Z025 At 31 Au9U•t 2015: Property. pl8nl and 8qtsipm8nl Currant agsetsllllabihl6881 2.825,224 237,751 2,fj25,224 239,514 1,763 2,862,975 1.783 2,864.738 15-
BATTERSEA METHODIST MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Anoly¥l¥ of n•t ass% b•tw lurtds ICont5nu•dl Unr••lrlct•d fundi 2024 R•strld•d funds 2024 2024 At 31 Augu$t 2024: Property. plaThl and equipment Current 8s6etilOiabllli¢s 2,652,669 279,035 2.6S2,689 289.580 10.545 2,931.704 10,545 2.942,249 20 Opartlng l••• ¢ommltm•nl• Al the reporting end date th& Mlssion had outstanding cornmilmènls lor futum mlnkmum laasè paym•nls under non-eane411able op&rallng 18a5e5. which loll rtuft as follows.. 2020 2024 Wilhln on• year Steen and fivq y•a 1,440 2,875 1,440 4.315 21 R•l•t•d p•rty tran••ctlon• Th•r• w•r• no dlxknslblo r•lat8d paty Iransadon¥ durhw tho y•ar12024. nono>, 16.