## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## A range of guidance produced by Methodist Connexion to support the effertNe running of the Church, specifically the leaflet Yhe Role of a Trustee in The Methodist Church. is given to all new Church meeting members as induction to their role as trustee5. From time-to-time members of the Church Council, as mana8ing trustees, attend specific training courses run by the Circuit. Related Partles The Church is part of the St Albans Welwyn Circuit and the Beds, Herts and Essex District and is also ccountable to the Methodist Conference. Risk Management The major risks have been identified and recorded by the Church Resources (Finan￿ and Property) Committee. There is a regular annual review process undertaken and recorded. Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reseNes. Safeguarding Every person has a value and dignity which comes directly from the creation of male and female in God's own image and likeness. Christians See thi5 Potential as fulfilled by God'5 re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protert them from harm. Methodist Connexional prartice outlines commitment to the followin8 principles: The care and nurture of. and respectful pastoral ministry wrth. all children, young people and adults The safeguarding and protertion of all children. young people and adults when they are vulnerable The establi5hinE of safe, caring communities which provide a loving environment where there is informed Vigilan￿ as to the danger5 of abuse. We will carefully selert and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disc105ures and registration with the relevant vetting and barrin8 schemes. • We will respond without delay to every complaint made which suggests that an adult, child or voung person may have been ham￿d. cooperating with the police and local authority in any investigation. We will seek to work with anyone who has suffered abuse. developing with them an appropriate ministry of informed pastordl care. We will seek to challenge any abuse of power, especialty by 3nyone in a position of trust. We will seek to offer pastoral care and support, including supe￿i$l0n and referral to the proper authorities, to any memberofour church community known to have offended a8ainst a child, young person or vulnerable adult. • In all these principles we will follow legislation. guidan￿ and recognised good practice. St John's Methodist Church commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation. guidance ènd safe practice in the circutt and in the churches. St John's Methodist Church commits itself to the provis￿In of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable. The Trustees, report and the financial statements were approved by the Church Council on 16, June 2025. Robertward Church Treasurer Rev David Jebb Minister St John's Methodlst Church Pottws Bar 34105 Statement of Financial Actlvities (SOFA) for the year ended 31 August 2024 Totsl Prlor Re5tricled Fund Nurntry Tcrtal 202> Year 2022- Playgroup 2023 General Fund Funds a¢￿1￿￿ IUrirn8trlctsdJ lynrgstrficw) Income 1 IM￿n9$ 2 rk)nations 3 (>ft aMI 4 Interest and invesbmert 5 Nursery P￿YgrOup FeÈs 6 Intemal Organ￿a￿OE 7 Other cbaritatrkn 8 Total incorn 4.168 62,03S 13,306 13.704 4,098 342.983 63527 9882 132C 6093 325107 12.795 342.983 28.744 21.670 439487 16.328 347,427 Expendlture 9 &r￿it asses8rnent ￿Share 10 Grants aNJ dC￿atior 11 Property mai)tenar 12 1nsUran￿.Lrti￿ties etc 13 Nursery Playgr(xJp Staff (yjsts 14 Office exper 15 Other Pl8ygroup eX￿51￿e le Intemal organEatv)ns 17 Total CharItsb￿ oxp•ndliur• 18 Gainslllossesl on rno￿tary inve51m 19 Gainsll1ossesl on mveslment 20 Nèt In¢om8llexp•ndlthrnl 21 Tron5fets bet￿n knds 22 Other ga￿￿(loSses} 23 Net movempnt in lundJ 24 Total funds brought forward 25 T+)tsl fund5 carried fon¥aTd 65.411) 4.975 25.649 16.834 66.400 6,015 28.619 24,S54 309,266 12,789 5022 23682 19.519 299622 7,088 43070 970 6.188 1.552 a(￿.266 8.871 121.729. 347.293 3.249 476.291 3.249 463403 20.611 16. 172- 27,360 -17340 3,756.0(1 2.595.410 1591,654 .139S7 122.788 10e,831 -8172 3,077.769 3,069,097 -27360 3105129 3077769 359571 369112 st Johm Methodist Church Potters Bar 34105 Balance Sheet as at 31 August 2024 Gw*rdl Fund {UnrE¥trId￿} Tolab X124 Totals 2023 Fund Funth lund Nursfjry Playgroup ChuK* tvhJr¥Js 2.5tKTr.000 340.( 2,84D.000 1840.000 2,840.OCK) Iw,o I￿.[￿¥) Currynt A¥#ets 13.W2 4.108 17.940 21.749 Loan$ by the Churche5 Investments wth TMCP Ceniral Finan￿ Board Dysits Cash ai 88Dk and In 76.459 22.184 10849 76.459 118.312 32,SID 245221 70.101 112.288 S3,299 2S7,437 74.474 6.373 18.326 10.786 29.112 4.502 Totsi ¢uffaitassets 113.600 Currvnt Ik*bilili•s C￿Irt0[5 Idue In under 1 y*rl Grants aYa￿e wrthin 20L-23 Total euir8ntllatsllbes 3.025 8.724 3.875 15.624 19.668 3.025 91.6S4 3,87$ 109,725 15,624 229,597 15.668 237.T69 29.112 2,591,654 369,112 109.72S 3.089.597 1077,769 Lon8 term Ilabllltles dtse after more than one Grdnts Paya￿6 aftw2022-23 L￿3 to t￿Churt￿ 2.591.654 369.112 494 109.725 3.069,597 3,077,769 Funds of tF* Chut¢h Gènetal Fund Iunrestrthdl Des￿na￿d Funds Iunrestrthdl 1591.654 2,591.654 389.112 95,412 2,859,571 2.954,963 453 123,339 3,077,769 369.112 Resin¢i•Y Ftmd5 £￿A¥r￿ent Funds 494 109,725 109.725 109.725 3,069.$97 TotsiFunds 2.591.654 369.112 Signed Church Treasurer St John's Methodist Churth Potters Bar Notes to the Accounts for year to 31 August 20Z4 l Basis of accounting The financial statements have been prepared under the Charities Act 2011 In accordance with the 2014 version of Accounting and Reporting by Charities= Ststement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with FRS102- the Charities SORP IFRS1021 and taking note of the Update Bulletin l issued in 2016. 2 Going concern The Trustees have assessed whether the use of the going concern basis is appropriate and have considered Fiossible events or conditions that might cast doubt on the ability of the Church to continue as a going concern. The trustees have concluded that the Church ha5 sufficient resources to Continue in operational existence for the foreseeable future and consequently it is appropriate to continue to adopt the going concern basis in preparing its financial statements. 3 Funds The fund5 held constitute the following= Generdl Funds held for any PUrF￿Se of the Church which are Unrestricted. Restricted funds which are held for a narrower purpose. There are no Endowment funds. Details of each material fund ore disclosed in the final note to these accounts. Any funds may be represented by more than just cash. 4 Accountlng polldes Basis These accounts have been prepared on the ba515 of historical c05t, except that investment5 are shown at their market value at the end of the year. on the accruals basis to show a true and fair view of the Church's financial position and attbvities. Incoming Resour￿5 Income is included in the Statement of Financial Activrties ISOFA) when the Church becomes entitled to the resources, and the trustees are reasonably ￿rtain they will receive the resources: and the monetary value Can be measured wtth sufficient reliability. Resources Expended This 15 recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. ￿abilItieS are recoEnised as soon as an outflow of economic benefit is considered more likely than not under the legal or construttive obligation committing the Church to pay out resources. Grants and donations Donations made by the Church from its own fvnds are recognised in full at the time of agreement or when the Church at￿PtS that there is a legal or operational obligation to make the payment. VAT Since the Church is not VAT registered. all input VAT 15 charged wÉth the expenses to which it refers. Fixed assets Land and building5 and other church property The Church building and land is held on Trust by the Trustees of Methodist Church Purposes. Tan8ible fixed assets include the freehold land and buildings. The property is listed at its fair value. No depreciation is provided as the residual value is considered to be at least equal to the carrying value Moveable church furnishings are written off to the Statement of Financial Artivf(ies. Investments In January 2017 £75.c￿ from the Playgroup Fund was invested in a Corporate Bond with the Central Finance Board of the Methodist Church via the Trustees for Methodist Church Purposes. Dividends received in the year are credited to the SOFA and the unrealised gain or loss on the market value of the bond at the year-end is shown separately on the SOFA as a goin or105s on monetary investments. Debtors and Prepayments Debtors include Gift Aid applicable to the latter partaf the financial year receivable from HMRC. Prepayments include amounts paid in advance for insuran￿, other services and the Circuit assessment. Creditors Creditors include. PAYE tax due to HMRC for salaries paid in August 2024. 5 Incluslon of Shenley Methodist Church in the accounts of St John's The transactions, income and expenditure, relating to Shenley are included in designated funds for the year in the SOFA and its assets and liabilitie5 are included in the balance sheet. also as a designated fvnd. The market value of the buildings is included also as a fixed asset. See note 6 below. 6 Valuation of land and buildings A professional valuation was obtained in 2022 of the current market value of the Church land and buildings at both Baker Street Potters Bar and at London Road 5henley. These properties are shown at this market value. 7 Payment to Trustees There were no payments made to trustees for addr(ional se￿1￿$ provided to the Church. This also applies to the previous year. 8 Analysis of Income and Expenditure Other Charitable Income 2024 £ Prior year 2023 £ lettings Jumping Johns- toddlers Fees for weddings and funerals Copying charges Fund raising Sundry Totsl: General Fund 17,354 998 511) 18,159 590 494 1299 20,645 454 432 20,545 Expenditure General fund: Property maintenance 2024 £ Prior year 2023 £ 6,1(K) 1.374 2,670 476 779 Repairs and maintenance Equipment Cleaning Materials Statutory inspections Other costs New Church doors Cleaners, salaries Totsl: General Fund 1328 2164 10463 9.862 21.261 Nursery playgroup- other expenditure Wayside Centre- preparatory work Rent- Wayside Centre Property C05ts- legal fee5 Teaching materials Other costs Totsl: Nursery playgroup restricted fund 2024 £ 10.607 11,465 2023 £ 13,474 11,678 1.116 8.943 3,419 38 630 4,529 32,649 10. Fee5 for independent examlnatlon ot the accounts The independent examination of the accounts ha5 been carried out by Newman Morris; a firm of Chartered Accountants based in London Colney. The fee charged was E2,500 inclusive of VAT12023 £2.0(J) inclusive of VAn. No fees have been paid to this fimi for any other seNice5 during this year. 12023 nil). 11. Paid employees The Church employs two deaners who are paid frorn the General Fund. The avera8e number of staff employed by the Playgroup in the year was 21 who were paid from the Nursery Playgroup restricted fund INPGI.12023, 231. Staff costs paid in respect of the year ## ## ## ## ## ## ##