HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (REGISTERED CHARITY No 1132676) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Superintendent Minister The Revd Dr Lynita Conradie Bankers HSBC Bank plc The Peak, 333 Vauxhall Brldge Road, Victoria, London SW1V 1EJ CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malllng, Kent ME19 4JQ Professional Financial Support: Adrian C Mansbr5dge and Company Half Oak House 28 Watford Road Northwood HA6 3NT Auditors Summers Morgan Chartered Accountsnts Sheraton House Lower Road Chorleywood WD3 SHH Circuit Office Lighthouse Centre Queens Walk South Ruislip Middx HA4 ONL
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH {35136) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their report and accounts for the year ended 31 August 2024. The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and 'Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). The accounts {financial statements) have been prepared to give a 'lrue and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair view.. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 21)05 which has since been withdrawn. Governance: The governing body of the Methodist Church is the Conference which meets On every year. The authority under which the Conference acts is given by the Methodist Church Act 1976. The Circuit applied and became a registered charity on 12 November 2009 and our registered charity number is 1132676. The Harrow and Hillingdon Circuit is one of the circuits within the London District of the Methodist Church. The Circuit comprises seventeen churches located as shown below,. Cannon Lane
Christ Church Eastcote Hayes Hayes End Kenton North Harrow North Hillingdon Northwood Pinner Ruislip Ruislip Manor South Harrow Lighthouse Centre Trinity Wealdstone Yiewsley Much of the day to day work for which the Circuit is responsible is delegated to the Superintendent of the Circuit and Trustees of the Circuit whose names are shown below. Mlnlsters: Revd Dr Lynita Conradie - Superintendent Deacon Claire Gill Revd Audrey Delores Browne Revd Dr Dong Hwan Kim (until 31.08.24) Revd Julie King Revd Kenneth Kingston Revd David Varcoe Circuit Stewards Mr John Chamberlain Miss Janeen Donovan Mrs Susan Lloyd Mrs Angela Lount Mr Alan Pannell Ms Priyadarshini Rasanayagam Mrs Aelwyn Taylor (until 31.08.24) It must also be noted that the Circuit Stewards, who are volunteers, play a key role in the leadership of The Circuit and are responsible with the ministerial staff for the spiritual, and material well-being of the circuit and for upholding and acting upon the decisions of the circuit meeting. Other volunteers are also responsible for a wide range of other duties which include dealing with issues Conrning Local Preachers, Property, Safeguarding, Financial, Human Resources, and Administration. Page 2 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Clrcuit Meeting Secretary Vacant at this time. A lay trustee is asked to volunteer to act as Minutes Secretary at each meetings and the Circuit General Manager liaises with the Superintendent Ministers to ensure all additional admin tasks are carried out. In addition, there are representatives from the individual churches within the Circuit, as stated in the Constitutional Practice and Discipline (CPD) of the Methodist Church. Trustees The Trustees other than those named in the previous page, that served during the year were as follows., Mr Malcolm Aldridge Mr Freddy Fairclough Mrs Jean Margaret Pannell Mr Lucky Robin Appathurai Mrs Louise George Mr Kanu Parmar (from 04.09.24) Mrs Veronica Mary Allan Mrs Ann Mary Haggitt (from Mrs Hilary Margaret Place (until Mr Michael Allan (until 31.08.24) 10.11.23) 26.11.24) Mrs Bernice Aryee-Addo Mrs Patricia Harrison Mrs Hilary Jane Porter Dr Joy Barrow Mr Peter Harrison Ms Helen Riley Mr Leslie John Bater Mr$ Heather Vera Harvey (until Ms Helen Jessie Schoon Mrs Susan Colwell Bracey 20.06.24) Mrs Jocelyn Shorter Mrs Christine Ann Braithwaite Mr lan Hilliard Mrs Catherine Simpson (from 11.09.24) Miss Angela Hook Miss Marian Smilh Mr Keith Buchanan (from Prof Chris Hull Mr Peter Smith (from 09.09.24 to 16.11.231 Mrs Lillian Kiboma (until 20.11.24) Mrs Anne Helen Cllfford 31.08.24) Mrs Phyllys Janet Stephenson {from Mr Brian Curry Mr Geofge Daniel Mohanaral 31.01.24 to 31.12.241 Mr Robln David Kulasingham {from 29.02.241 Mr Kelth Tabor Mrs Dulcinea Davies Mr Graham John Lee Miss Sheila Ada Thompson (from Mrs Maureen Diggens {lo Mrs Joanne Mary Mackin 16.12.23) 26.11.24) Mr David Milne Mr Peter Wells Ms Doreen Donovan (from Mrs Heather Susan Morris Mrs Shirley Winterburn (from 13.03.241 12.09.23) Mr Samuel Nortey Mrs Carol York {until 08.11.23) Mrs Jacqui Eddowes (until Miss Sheila Palmer Mr Peter York 24.01.24) Page 3 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Nature of Govemlng Document We are governed by the Methodist Church's Constitutional Practice and Discipline and all Charity Law of the United Kingdom. This Circuit is part of the London District of the Methodist Church which is a registered Charity (Registration number 113871). The Church is governed by the Methodist Church Act 1976, the Deed of Union 1932 and the Model Trusts of the Methodist Church. The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of: (a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church,, (b) any charitable purpose for the time being of any Connexional, District, Circuit, local or other organization of the Methodist Church; (c) any charitable purpose for the time being of any society or institution or subsidiary or ancillary to the Methodist Church., and (d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. In setting its objectives and planning its activities, the Circuit has given careful consideration to Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing our objectives as set out above. Method to recrult new Trustees This is undertaken mainly by the local churches from within their membership. All churches are encouraged to send representatives to be Trustees of the Circuit. Ministers, Circuit Stewards and other Circuit offi Holders are also Trustees of the Circuit. From within the Trustees. a Secretary is appointed who is a lay person. Objectlves and Aims The activities covered in these accounts fall within the work of the Methodist Church. The objectives of the Circuit are directly linked to its aims. They are.. (1) to encourage everyone in their discipleship of Jesus Christ., (2) to live out the values of the Kingdom; (3) to help share the Good News wherever and whenever possible. and (4) to be good stewards of creation. Pag8 4 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ststement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United Kingdom Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing these accounts, the Trustees are required to..
select suitable accounting policies and then apply these consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeplng sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Harrow and Hillingdon Circuit of the Methodist Church and enable them to ensure that the accounts comply with the Standing'orders of the Methodist Church and the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and other relevant regulations. They 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 irregularities. Public Benefit Requlrement The Trustees had due regard to the guidance published by the Charities Commission in compliance with its duties under section 17 of the Charities Act 2011. This guidance sets out two key principles.. (1) the organisation must have an identifiable benefit- and (2) the benefit must be to the public or a section of the public, As the Church exists to increase awareness of God's presence and to celebrate God's love., help people to learn and grow as Christians, through mutual support and care,. and be a good neighbour to people in need and challenge injustice, the Trustees consider that for these reasons the chartty meets these public benefit requirements. Page 5 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Objectives, Achievements and Performance During 2023-24, the Circuit Meeting, or meeting of the managing trustees, was held on four occasions. The staff and Circuit Stewards continue to meet regularly both in their own groups and together as the Circuit Leadership Team (CLT). The Circuit Resources Network (CRN) with its membership made up of Ministers, Circuit Stewards and other members with specialist knowledge met regularly to address issues relating to finance, property, and human resources. In addition, the Church Treasurers met once to discuss financial matters and the challenges the churches continue to face. In January 2024 the superintendent met with the stewards of all the churches to discuss matters of mutual interest. Among others, there was a discussion on churches being encouraged to worship together. The following paragraphs give a flavour of the work carried out during the year and the activities conducted under the guidance of the Church. Revd Audrey Browne joined the arcuit in September 2023, as a presbyter to serve the churches of Northwood and Wealdstone., and existing minister Revd Dr Lynita Conradie became Superintendent from September 2023. The circuit's number of ministers reduced by one from September 2023. Revd Dr Dong Hwan Kim took his scheduled 3-month sabbatical from May to July 2024 and retired leavlng the Circuit In Summer 2024. The Circuit made the decision to reduce the ministerial staff further and not to enter the stationing process. Consequently, Revd Audrey Browne took on the additional pastoral charge of Kenton Methodist Church, Revd Julie King took on the additional pastoral charge of Ruislip Manor Methodist Church and Revd Kenneth Kingston took on the additional pastoral charge of Yiewsley Methodist Church, The ministerial staff attended an Away Day at Missenden Abbey in September 2023. The meeting commenced with a Bible study. This was followed by ministers sharing their stories and calling. The purpose of this exerclse was to help colleagues to get to know each other. There was informal conversation over lunch and then the staff started a conversation on the circuit mission strategy and how it could be simplified and adapted. This led ultimately to a reformulation of the strategy. The CLT has continued the development of the Circuit Mission Strategy and how the circuit should best deploy and use its, human resources. Due to members acros5 the circuit finding the Lighthouse Centre a difficult location for attending meetings, the Circuit Meeting and Local Preachers & Worship Leaders. Meetings are now held at different churches dependant on the offers of members to host. The churches have been offered support from the Circuit Office staff. which ranges from support with one off projects, occasional tasks such as the Property Returns through to ongoing services such as printing as well as assisting those in new roles. As well as completing the transition to online banking, the Circuit moved to using the online version of the finan software package which allows churches to become separate branches on the same subscription. This supports the encouragement of churches to use one standard package with the aim of providing circuit wide support as churches slruggle to replace treasurers. Moving to become a branch of the Circuit also reduces the cost to churches already using the Data Developments finance SOare. Pinner Methodist Church was the first to subscribe with others looking to become a branch in the next Connexional year. Page 6 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Circuit considered selling the Lighthouse Centre to generate finances for mission projects both at Circuit and church level. However, this was abandoned following an in-depth review of the logistics and ongoing costs relating to rehousing the circuit office. As of the end of this Connexional year, the circuit has four manses available for rent and a review of the Circult's properties is undepNay. The letting income at the Lighthouse continues to negate the running costs, maintenance, and repair. Interest in letting space increased towards the end of the Connexional year. with two new groups due to start in September 2024. The Local Preachers and Worship Leaders continue to meet quarterly with the aim to address business and training. This year the meeting reverted to one joint meeting following a review of the sequential meetings which had been in place. One accredited Local Preacher resigned, one Local Preacher on Trial ceased training. and another entered the process to candidate for the Ministry. One Worship Leader continues in training. The triennial review for preachers recommenced following the difficulties of peer review during the pandemic, and the circuit book grant to encourage further study has continued. A Circuit subscription for worship resources continues to support the church leaders in covering the Local Arrangement services, the numbers of which continues to increase due to the reduced numbers of Ministers and Local Preachers. Churches are being encouraged to worship together more with regular joint services. The decision to reduce the ministerial staff numbers meant that the subsequent reduction in ministerial costs and the expected increase in manse lettings enabled the circuit to reduce the levels of Church Assessments for 2023-2024, The Circuit Invitation Committee (CIC) met several times over summer 2024 and consultations conducted at the relevant churches to consider the reinvitation requests for Revds. Julie King and Kenneth Kingston. The CIC'S recommendations were sent to the managing trustees for agreement at the Circult Meetlng in September 2024. Circuit lay employees continue to work in the Circuit Office Monday to Wednesday and flexible working with some hours worked from home continues. Mrs Laura Pottage (part-time Admin Assistant) remained on maternity leave until May 2023, however she continues on sick leave. The Admin Assistant recruited to cover maternity leave continued to be employed covering leave sick. Following a review of job descriptions and salaries, the Circuit Property Manager's hours were increased to 25 hours a week and Mr David Mercer's (Admin Assistant) job title was changed to Circuit Administrator to reflect the significant changes to his role. The lay employees in position in October 2022 were also awarded a cost- of-living allowance that had been recommended by the Connexion. Members and employees attended Foundation and Advanced Safeguarding training sessions which are run both online and in-person. The annual GDPR audit was completed by the churches and the circuit, ensuring the review and update of policies. The next phase of the Safeguarding Review was completed with the Assistant District Safeguarding Officer visiting all the churches in the Circuit and meeting with each Safeguarding Officer on a one-to-one. OffiholderS continue to attend EDI and Unconscious Bias training" small group and one-to-one sessions on Unconscious Bias were run at the Circuit offi for those unable to access on-line training or sessions offered by the London District. The Circuit Property Manager continued to attend District online meetings of the Circuit Property Officers. Circuit Stewards attended training and meetings run by the London District and the Superintendent Minister attended training run by the London District and the Connexion. The Circuit Charity for 2023-2024 was Refugees in Effective & Active Partnership (REAP) which is an independent, refugee-led organisation in West London that campaigns for refugees and aims to empower refugees and asylum-seekers to live as valuable and valued members of British society. The Circuit also Page 7 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 continues to support Bereavement Care which provides support to children and adults across the London Boroughs of Harrow & Hillingdon. Investment Pollcy The investment of surplus funds is operated via the Centfal Finance Board {CFB) of the Methodist Church. CFB aims to provide a high-quality investment service seeking above average returns for long term investors, while ensuring that the securities held in its funds are in line with the ethical investment policy of the Methodist Church. The Circuit has funds in a deposit account with CFB. The Restricted Fund, which is mainly funds from sales of properties, is managed by the Trustees for Methodist Church Purposes (fMCP). These funds are also invested with CFB. St is now opportune for the Circuit and Trustees to think how best these funds could be utilised for the benefrt of the churches, mission, Rlsk Management The Circuit has undertaken a review of its risk policy and has produced a Risk Register highlighting the various risks facing the Circuit and churches, as well as the impact and the likelihood of their happening. The main headings under which these risks have been categorised are., Trustee8' responsibilities. Membership and mission,, Resources, people and property,. Financial. and Legal. These risks are reviewed regularly to ensure effectiveness. The churches have also been informed of the need for these rlsk assessments. It is understood that most churches have undertaken this task. Reseryes Policy The Trustees aim to ensure that the unrestricted funds are at a sufficient level (taken to be an amount in excess of £300,000) in order to ensure that they will be able to meet the Circuit's ongoing obligations and any unforeseen expenses. At the balance sheet date, the circuit held free reserves as defined by the Charities Commission, of £371,301. The Circuit has also decided to designate monies from the unrestricted funds towards major works on the Lighthouse Centre and the Manses. The Circuit intends to increase this reserve gradually over the next few years, up to a maximum of £50,000. Financial Review The finances of the Circuit are maintained by the Circuit Resources Network Committee at sufficient levels to ensure that the Circuit has the funds available to resour its key objectives agreed by the meetings of The Circuit Trustees ( The Circuit Meeting). This key financial objective was achieved in this Financial Year. Page 8 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The accumulated fund totals are noted on page 18 of this report and confirm that our combined total on 51 31 August 2024 stood at £8,557,238 slightly down from £8,597,247 in the previous year. The Unrestricted General Fund balance at 31st August 2024 stands at £371,301 up from £355,446 a year ago. A small deficit on the budget for the fund was anticipated but an increase in investment income ensured that this year we had a small surplus on the General Fund of £15,855. There are five Designated Unrestricted Funds.. a). The Circuit Model Trust Fund balance at 3181 August 2024 stands at £257,200 up from £252,982 a year ago. No grants were issued to Churches in this year, meaning that we end the year with a small surplus on the fund. b). The Property maintenan Fund balance as at 31$t August 2024 stands unchanged at £33,509. The plan as noted in the Reserve Policy section above remains to build this fund up to £50,000 within the next few years. c). The Communication Fund balance at 3151 August 2024 stands at £ 8,017 down from £9.517 a year ago. d). The Lighthouse Centre Fund balance as at 3181 August 2024 stands at £ 15,376, up from £12,801 a year ago. The objective for the Lighthouse to be self-financing was again achieved in this financial year, due to an increasing level of lettings. e). The Youth & Family Worker Fund balance remains unchanged as at 31st August 2024 art £1,645. The Restricted Fund balances stand at £ 7,870,189 slightly down from £7,931,346 a year ago, due to depreciation of our fixed asset. From a financial perspective the Circuit remains in a very good position to limit the impact of increasing financial demands on our Churches as well as to fund our future Mission aims and objectives. During the year the Circuit General Manager has worked in conjunction with the Chartered Accountants ( Adrian C. Mansbridge & Co) to produce the end of year figures which has enabled the accounts to be produced for audit within the Accountants set time frame. Trustees, Interests The Ministers who are Trustees of the Circuit are paid a stipend and are given a manse for them and their family to live in. The Council Tax is paid by the Circuit and an official telephone line with broadband facilities to enable them to carry out their service as Ministers. These arrangements are practised throughout the Connexion. Mr Alan Pannell is paid for gardening ServIS carried out on circuit properties but receives no payment for being a Trustee of the Circuit. Mr lan Hilliard is paid for maintenance and repairs on circuit properties but receives no payment for being a Trustee of the Circuit. No other Trustees have been paid for their services to the Circuit apart from being reimbursed for expenses incurred, such as travel costs, purchase of stationery, etc. The total amount reimbursed to 6 Trustees amounted to £3,484. Page 9 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Dlsclosure of Information to Auditors In so far as the Trustees are aware.. (1) there is no relevant audit information of which the charity's auditors are unaware; and (2) the Trustees have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Audltor8 A resolution to appoint auditors was made by the Trustees at their meeting of 22 March 2022. Summers Morgan is eligible to act as auditor of the Charity under section 1212 of the Companies Act 2006 and was retained as the auditors for the 2021-2022 accounts and the ensuing three years. Approved by the Trustees on the 25th March 2025 and signed on their behalf by: John hamberlaln - Clrcuit Steward wlth Financial responsibllltles Date: Page 10 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH Oplnion We have audited the financial statements of Harrow & Hillingdon Circuit of the Methodist Church (the 'Charity') for the year ended 31 August 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally A¢pted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the Charity's affairs as at 31 August 2024 and of its incoming resources and application of resources, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinion We conducted our audlt in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going conrn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other Infomiation The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial slatements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In conneclion with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othemise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 11 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH Matters on which we are required to report by exception In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 require us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records., or certain disclosures of Trustee's remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit or the information given in the financial statements is inconsistent in any material respect with the Trustees, report. Responsibllltles of Trustees As explained more fully in the statement of Trustees responsibilities, the Trustees, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing. as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. Audltorfs responsibilitles for the audlt of the flnanclal statements We have been appointed as auditor under section 144 of the Ch8rities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. https.'Ilwww.frc.org.uklaudilorslaudit-assurancelauditor-s- responsibilities-for-the-audit-of-the-fi. This description forms part of our auditor's report. Page 12 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Irregularities, including fraud, are instances of non-complian with laws and regulations. We design prOdureS in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Our approach lo identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., we identified the laws and regulations applicable to the charitable company through discussions with trustees and other management, and from our knowledge and experience of the sector,. - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, the Charities Act 2011, taxation and employment legislation: we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting any reading the minutes of the board of the trustees,. and identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the charitable company's financial statements to material misstatemant, includlng obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud,. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disdosures to underlying supporting documentation., reading the minutes of meetings of the board of trustees., and -enquiring of management as to actual and potential litigation and claims. There are inherent limrtations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non- compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the members and management and the inspection of regulatory and legal correspondence, if any. Page 13 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH {35136) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Use of our report This report is made solely to the Charity's trustees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulation 2008. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To thefullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Nicholas Corden ACA (Senlor Statutory Aud golf for and on behalf of Summers Morgan Chartered Accountants Statutory Auditor First Floor, Sheraton House Lower Road Chorleywood Hertfordshire WD3 5LH Page 14 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 2023 2023 Notes Unrestrlcted fund5 Restrlcted Total Unreslrtcted nds Restrted funds Tolal fund5 funds Funds d Endowments from Charltable actlvltles Circuit 8s5essmenl 461,676 461.676 479,878 479.878 Donations •nd lèga¢lg5 Donatn$ recoived Inv•stm•nt Income and Snlerest Inve$lmenl income and inleresl Rent from manses Oth•r 22.789 22,789 25.507 53,816 23.507 53.816 20,699 51.250 20,699 51.250 10 Letllngs (Lighthouse Cenlrèl Income •nd Endowm•nt• 583 481 583 481 569 523 569 523 Charltablts actlvltles Dlre¢l mlsslon and mlni51ry Dlslricl assessment 6a 6b 6c 257.627 105,860 61,347 1S,354 Y,oso 257,F27 106,860 61.347 16.364 7,050 01,157 283,8S3 102,776 78.865 13,159 20.188 283,853 102,776 78,865 13,159 20,436 Mainlenaftcè of property Property on rent costs GrAnl$ & donallons loutgolng) DepreclalSon 6d 6g 250 61,157 72,077 72,077 DL8lrlct L&vy Clrcvil Administration 6b 9,440 131961 9,440 131 981 10,124 10,124 60 Expendlture 588 639 649 796 606 371 678 698 ILog$ygaln on inv•slmont a$$•15 Net In¢om•llexp•ndltur•l 12 124 255 Ngt Transfer botweeri funds Ngt mov¢mont In fundts 21.148 685,900 161,1571 7,931,346 140.0001 8.597.246 IS1,9281 717,828 172,3271 8.003.673 {124,2551 8.721,S01 Fund balances è11 Sept 2023 Fund balanc•8 at 31 Aug 2024 687,048 7.870.189 8,657.237 665,900 7,931,346 8.597.246 The notes on pages 19 to 37 form part of these accounts. Page 15 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 2023 Compatativ y•ar Snformatlon Year ended 31 August 2023 omin and Endowman Charltable actlvlll Circult assessmonl Note8 Unrestrlcted funds R05trlcted Tot•1 funds fundj 479,876 479,878 Donatlons and l•ga¢l•$ Donations rec&ived Grant8 received Investsnont Income and Inter891 Investment incorne and Interest 20,699 51,250 20,699 51.250 Rent from man$s other Lettings (Llghlhousfj Conlf•l Incom• and Endowm•nt8 io Chthrltable actlvltl Oirtr¢t myasion and mini$lry DiBlrict as5es$m8nl &1ovy Maintenance ol property Property on rent costs Grants & donation6 I1g0$r0> D•pre¢litlon 283,853 102,776 78,865 13.159 20.188 283,853 102,776 78,885 13.159 20.438 72,077 2SO 72,077 District Levy Clrcult Adminislrallon 10.124 97.406 606 371 10.124 Exp?ndltum 678 698 (Lo88llg81rt on Investmenl assets Not In¢om•ll•xptrndlturel 12 124255 N•t Transler bgtwmn fvndg Net movement In funds (51,9281 717,828 172.3271 8,003,673 1124,25SI 8,721.501 Fund balan¢e5 ¥11 Sept 2022 Fund balances al 31 Aug 2023 665.900 7,931,346 8.597,246 The notes on pages 19 to 37 form part of these accounts. Page 16 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 Notes 2024 2023 Net cash inflowl{OLrtflow) from Operating Activities 19 {154,284) (99,098) Dividends, interest, and rents from investments 77,322 71,949 Net cash provided by (used in) Investing Activities 77.322 71,949 Change in the cash and cash equivalents {76,962) (27,149) Cash and cash equivalents at the start of the period 465,389 492,536 Cash and cash equivalents at the end of the period 388,427 465,389 The notes on pages 19 to 37 form part of these accounts. Page 18 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH {35136) BALANCE SHEET ASA T31 AUGUST2024 2023 Unieslrf¢ted funds 2023 Restrted fund5 Notes Unrestrlcted Restrlctod fundg 2024 2023 lunds Flxod ass8ts Tan9ible flxed as58ls Investrnènts 13 6,276,S29 2 693,160 5.276,529 2 959 485 6,290.846 1.640.WO 6,290.846 1.980,016 14 366 32S 340.018 366 325 7 869,689 8 236 014 340,018 7,930.846 8.270.864 Inve$lmenls Cash at bank and in hand 14 137,148 92.223 158 554 137,148 92,724 158.554 204,791 90,190 1fj9,771 464 752 204,791 90,827 169,771 S01 637 Short term deposits 387 925 501 388 426 637 465 369 Doblors and prepaym8nis 16 29.673 28.573 36.180 36,180 417498 501 417999 500,932 637 Cfedliors and a¢¢ruals 16 7,309 7,310 83.318 137 83,455 Fund tof Mlnbtry In Advance 137 175 186 Not current ass•ts 320 724 600 321 224 325.863 500 326.383 Totbl asg•t8 I9 currnnt 7 870 189 8 557 238 7 931346 8 597 247 Totsl n•¢ •*9ot8 7 870 189 8 $57 238 7 931 346 8 597 247 Ggneral fund8 O¢•lgnat•d Fundg Circuit M¢)dol TfU$t Fund$ Property M¥lnlen0n Fund Commun1¢8tion Fund Lighthouse Cenlr• Youth & Famlty Wort luTh Re5tr1cted Fund5 20 371,301 371,301 355,446 355,446 20 20 20 20 20 257,200 33,509 8,01Y 16,376 1,646 2S7,200 33,609 B,017 15,376 1,848 252,982 33,509 9,517 12,801 1,646 252,982 33,509 9,517 12.801 1.646 Benevolenl Fund 20 soo 600 500 1.878.256 6.052,590 500 1.878,256 6.052 $90 Freehold Manse Fund 20 1,878,256 5 991433 1.878,256 6 991433 Revaluation rnserye Accumulated Funds 7 870 189 8 557 238 665,901 7 931.346 8.597 247 The notes on pages 19 to 37 form part of these accounts. Approved by the Trustees on 251h March 2025 and signed on their behalf by.. Truste Revd Dr Lynita Conradie Superlntendent Mlnlster ru Mr John Chamberlaln Clrcult Steward wlth Financial Responslbility Page 17of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 1. Circuit Information Harrow and Hillingdon Circuit of the Methodist Church consists of seventeen churches within the Connexion of Great Britain. Two of these arejointly ministered with the United Reformed Church. The charity is registered with the Charity Commission for England and Wales and has its office at Lighthouse Centre, Queen's Walk, South Ruislip Mlddlesex, HA4 ONL. The accounts are prepared in accordance with the Constitution Practice and Discipline of the Methodist Church and all figures are reported in pounds sterling. All Methodists Churches, Circuits and Districts with gross annual income of over £100,000 per annum need to register with the Charity Commission. Methodists Charities with an income under £100,000 per annum continued to be exempted from registration under Statutory Instrument 2012 No 1734. The Circuit Trustees are the members of the Circuit Meeting. 2. Accountin olicies a) Basls of accountlng These accounts have been prepared in accordance with FRS 102 "Th6 Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102"), 'Accounting and Reporting by Charities. the Slatement of Recommended Practice for charities applying FRS 102. the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practi for charities applying FRS 102 rather than the version of the Statement of Recommended Practi which is referred to in the Regulations but which has since been withdrawn. The accounts have been prepared on the historical cost convention, modified to include the revaluation of freehold properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. Monetary amounts are rounded to the nearest pound Sterling. bl Golng Concern At the time of approving the accounts, the Trustees have a reasonable expectation that the Circuit has adequate resources to continue in operational existence for the next 12 months. Thus. the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. The charity considers there to be no material uncertainties Conrning the ability to continue as a going concern, c) Income and endowments Under certain exemptions applicable to the Methodist Church, the reIpt and onward payment of monies for the District Assessment is not deemed to be part of the incoming resources of the Circuit for the purposes of deciding whether an independent external examiner or an auditor should report on these accounts.
The Circuits assessments are accounted for on a re1vable basis. Rents on unoccupied manses are accounted for on a receivable basis. Grants re1vable are induded when the relevant conditions for the grant have been met. Page 19of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 2. Accountin olicies continued d) Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. e) Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaiment losses. Tangible fixed assets other than land are depreciated at rates calculated to write of the cost or valuation less their residual value over their useful lives as follows,. Buildings 2QA on a straight-line basis The gain or loss arising on the disposal of an asset is determined as the dlfference between the sale proceeds and the carrying value of the asset and is recognised in net incomel(expenditure) for the year. Properties are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value. Revaluations will be made with sufficient regularities to ensure that the carrying amount does not materially differ from that which would be determlned using fair value at the end of the reporting period. Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in restricted manse fund, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in net incomel(expenditure) or a revaluation loss exceeds the accumulated revaluation gains recognised in freehold manse fund. such gains and loss are recognised in net incomel(expenditure) for the year. Page 20 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 2. Accountin olicies continued Accounting policy for investments Fixed asset investments including investment properties, are stated at estimated market value. Realised gains and losses on investments comprise the difference between proceeds and the carrying value at the time of disposal. Unrealised gains and losses comprise the adjustment required to restate investments at market value at the balance sheet date. g) Impalrment of non-current assets At each reporting end date, the Circuit reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (rf any). Recoverable amount is the higher offair value less costs to sell and value in use. In assessing value In use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in incomel(expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if. and only if. the reasons for the impairment loss have ceased to apply. Where an irnpairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. h) Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Page 21 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 2. Accountin olicies continued i) Flnanclal Instruments The Circuit has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Circuit's balance sheet when the Circuit becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle Dn a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financlng transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal liabilities Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financlng transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised inrtially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financlal liabilities Financial liabilities are derecognised when the Circuit's contractual obligations expire or are discharged or cancelled. Page 22 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 2. Accountin ollcies continued J) Funds Unrestricted fund cash resources are deposited with the Central Finance Board and are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. kl Employee beneflts The cost of any unused holiday entitlement is recognised in the period in whlch the employee's services are received unless otherwise agreed with their line manager. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. l) Retirement benefits Stlpendiary Circuit Minlsters are eligible to join the Methodist Ministers, Pension Scheme (MMPS). The MMPS is a funded defined benefit scheme maintained by The Methodist Church of Great Britain. As the Circuit is unable to identify its share of the underlying assets and liabilities of the Scheme, the Circuit has taken the advantage of the exemption in Financial Reporting Standard 102, Retirement Benefits, and has accounted for contributions to the scheme as if it were a defined contribution scheme. The pension costs for the scheme represent the contribution payable by the Circuit in the year. The contribution rates are set each year by the Methodist Conference. m) Critlcal accountlng estlmates and Judgements In the application of the Circuit's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Page 23 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Critl¢aljudgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Freehold Land and Buildin s and Investment ro ert Valuation Freehold Land and Buildings and Investment property comprises of 9 Manses held in trust by Harrow and Hillingdon Circuit. 6 of the manses are included within Freehold Land and Buildings as they are occupied by acting ministers within the circuit, whilst the remaining 3 manses are held within Investment property (See note13) The properties were valued in December 2021 by Simon Hands and Associates chartered surveyors at their collective open market value of £6,435,000. The trustees believe this valuation is still appropriate at 31st August 2024. However, it is intended to revalue 'Fieldings' manse in Oaklands Gate, Northwood which was reclassified as an Investment Property this year at the depreciated value, and 4 Park Avenue, Ruislip which will be reclassified as an Investment Property in Connexional Year 2024-2025. 3. Staff The Circuit met the stipends and expenses of six of the seven ministers working in the Circuit during the year. The other minister is of the United Reformed Church. The Circuit employed 1 full time and 4 part time lay employe8s during the year operating from Ihe Circult Office in the Lighthouse Centre, South Ruislip. The ministerial stipends are as per the guidelines. None of the employees earned more than £60,000 p.a, The total paid to key management is £245,738 (2023 - £265,236) 4. Penslons All Methodist Ministers in the Circuit are members of the Methodist Ministers, Retirement Scheme. The Circuit contributes 26.9LIA of stipends to the fund. Lay employees qualifying for pension enrolment are offered pensions with TPT Retirement Solutions with the Circuit contributing 60k of salaries to the fund. 5. Restrlcted fund This fund receives any monies arising from the sale or disposal of any land buildings which are local or Circuit property. Capital monies in the fund can only be used for the purchase of land and buildings or the replacement or repair of buildings. Page 24 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 6. Connexional funds The Circuit is also responsible for overseeing of the collection of monies for the wider work of the Church. Amounts collected which do not form part of the Circuit resources are given in total below and in note 17 in detail. 2024 2023 Connexional funds contributions BIF 750 Contribution received 11,118 {11,117 12,401 (13,151) Less: Amounts paid over Page 25 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Resources ex ended Unrestricted funds Restricted funds 2024 2023 Unrestricted funds 2023 Restricted funds a. Direct misslon and Minist Stipends (including allowances & apprenticeship Levy) National Insurance Ministers, Pensions Travel Telephones Conferences and training Removal expenses Relocation grant HospitalitylEvents Total 179,200 179,200 193,383 17,075 46,871 3,584 8,691 1,006 17,075 46,871 3,584 8,691 1,006 18,181 50,706 4.119 8,867 3,218 5,287 1,200 1,200 92 283,853 257,627 257,627 b. Dlstrlct Assessment & Lev DAF Contributions District assessment Total 9,440 105,860 115,300 9,440 105.860 115,300 10,124 102,776 112,900 c. Malntenance of ro ert Church Quinquennial Inspections Manse repairs (see note 11) Property insurance Property water rates Council tax Other Utilities Totsl 2,050 2,050 1,450 21,032 12,169 2,239 17.992 5,865 61,347 21,032 12,169 2,239 17,992 5,865 61,347 42,932 10,911 2,100 16.980 4,492 78,865 d. Rental costs 22 Belmont Road - management fees 147 Pinner View - management fees Manse Repairs (see note 111 Total 3,138 3,138 3,156 2,938 2,938 3,575 9,278 15,354 9,278 15,354 6,428 13,159 Page 26 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Resources ex Continued ended Unrestricted funds Restricted funds 2023 Unrestricted funds 2023 Restricted funds 2024 e. Circuit adminlstratlon Printing, postage and stationery Circuit lay employee remuneration (See note 6f) Lighthouse Centre Expenses Vestry expenses 3,887 3,887 3,468 113,273 113,273 81,210 952 952 906 893 1.303 1,669 6,400 2,794 1,553 893 1,303 1,669 5,400 2,794 1,553 496 1,566 1,787 4,820 1,290 880 Sundries Audit fees Professional fees Investment management fees Bank charges Total 236 131,961 236 131,961 983 97,406 f. Circult La Em lo ee Remuneratlon related costs Remuneration Pensions (ER) NIC (ER) Payroll fees Apprenticeship Levy Total {in Ge above) 102,016 2,402 7,953 384 518 113,273 102,016 2,402 7,953 384 518 113,273 73,908 1,751 4,856 320 375 81,210 Page 27 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Resources ex Continued ended Unrestricted funds Restricted funds 2023 Unrestricted funds 2023 Restricted funds 2024 g. Grants & Donatlons Donations Benevolent Giving Methodist Church Fund Vine Home Worship Resources Bereavement Care 250 5,250 100 5,250 100 5,000 200 200 200 5,550 5,550 5,200 250 Grants North Hillingdon M.C Ruislip Manor M.C. South Harrow M.C. Yiewsley M.C. Revd Dr L Conradie 1,500 1,500 5,500 6,000 1,488 2.000 14,988 20,188 1,500 7,050 1,500 7,050 Total Resources ex Continued ende Unrestrlcted funds Restrlcted funds 2023 Unrestricted funds 2023 Restricted funds 2024 Depreciation (see nots 13) 61,167 61,157 72,077 Total expenditure 588,639 61,157 649,796 606,371 72,327 Page 28 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Included in the total expenditure above are support and governance costs as follows: Resources ex Continued ended Support costs Governance osts 2024 Unrestrlcted 2023 Unrestricted District Assessment & Levy Maintenance of property Property on rent costs Circuit administration 115,300 61,347 15,354 121,978 313,979 313,979 115,300 61,347 15,354 131,96q 323,962 323,962 112,900 78,865 13,159 97,405 302,329 302,329 9,983 9,983 9,983 Analysed between Charitable activities There has been no apportionment of costs between charitable actlvlties. Circuit Assessment 2024 Unrestricted 2023 Unrestricted Contrlbutln Church Cannon Lane MC 23,131 7,800 21.480 18,535 20,750 46,140 40,654 10,210 44,435 41,242 41,338 24,330 26,675 9,580 44,780 40,596 461,676 24,331 7,800 23,880 20,935 20,350 47,340 41,854 11,410 45,635 42,442 42,538 25,530 27,875 10,180 45,980 41,798 479,878 Christ Church URC-MC Eastcote MC Hayes MC Hayes End MC Kenton MC North Harrow MC North Hillingdon MC Northwood MC Pinner MC Ruislip Ickenham Road MC Ruislip Manor MC South Harrow MC Trinity URC-MC Wealdstone MC Yiewsley MC Total Page 29 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestricted 2023 Unrestricted Funds for Mlnlstr In Advance (Circuit Assessment) Cannon Lane MC 5,783 5,783 1,950 1,790 4,634 5,187 3.845 10,163 2,552 11,109 10,310 10.335 2,028 6,669 798 Christ Church URC-MC Eastcote MC 1,665 4,259 5,437 3,845 10,163 2,652 11,109 10,310 10,335 1,944 6,669 798 Hayes MC Hayes End MC Kenton MC North Harrow MC North Hillingdon MC Northwood MC Pinner MC Ruislip Ickenham Road MC Ruislip Manor MC South Harrow MC Trinity URC-MC Wealdstone MC 11.195 3,300 89,465 11,195 3,383 91.731 Yiewsley MC Total 2024 Unrestricted 2023 Unrestricted Funds for Ministry in Advance BIF ' Received during year Less: funds for Ministry in Advance CIF. 91,731 459,410 {89,465 99,437 472,173 (91,731} Clrcult Assessment (Note 7) Note.. The churches pay the Circuit Assessment in advance for the following month. 461,676 479,878 Investment nd Interest Income Unrestricted funds Restrlcted funds 2024 2023 Unrestricted 2023 Restricted Dividend Income 10,272 10,272 10,475 Interest Income 13,235 13,235 10,224 23,507 23,507 20,699 Page 30 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10. Investment income ro ert Unrestrlcted funds Restrlcted funds 2024 2023 Unrestricted 2023 Restricted Belmont Road 23,566 23,566 25,200 Fieldings Pinner View 30,250 30,250 26,050 Total 53,816 53,816 51,250 anse Unrestrlcted funds Restrlct8d funds 2024 2023 Unrestricted 2023 Restricted Manses houslng mlnlsters Fieldings Kingsfield Avenue Love Lane 7,214 3,266 3,266 15,682 1,394 1,394 1,895 Mount Pleasant 3,382 3,382 10,303 Sharps Lane Stirling Road Park Avenue 3,170 3,170 2,158 3,538 3,538 777 550 550 1,900 Other Properties Total 5,732 6,732 3,003 21,032 21,032 42,932 Rented manses Belmont Road 943 943 2,776 Fieldings Pinner View 4,895 4,895 3,440 3N40 3,652 Total 9,278 9,278 6,428 12 oss IGain on Investments Unrestricted funds Restrfcted funds 2024 2023 Unrestricted 2023 Restflcted C F B Managed Mixed Fund unils 26,306 26,306 (15,080) (Loss)IGains on investments 26,306 26,306 (15,080) Page 31 of37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13. Tan Ible fixed assets Freehold Land and Buildings Restricted Funds Cost & valuatlon At 1 September 2023 Transfer 6,435,000 (975,0001 5,460,000 At 31 August 2024 Depreclation At 1 September 2023 Transfer 144.154 {21,840 61,157 Charge for the year At 31 August 2024 183,471 Net Book Value At 31 August 2024 5,276,529 At 31 August 2023 6,290,846 The properties were valued in December 2021 by Simon Hands and Associates chartered surveyors, at £6,435,000 at their open market value. The original cost was £1,389,736, and had the property not been revalued the accumulated depreciation would have been £308,607 and the net book value £1,081,129. The manse in Belmont Road, Uxbridge and Pinner View, North Harrow are no longer used to house church ministers and are now being rented out on a commercial basis. They have been reclassrfied as investment properties. In September 2023. 'Fieldings' manse in Oaklands Gate, Northwood no longer housed church ministers and has therefore been reclassified as an investment property at the depreciated value as of 1st September 2023. In September 2024, Park Avenue will also be reclassified as an investment property. Page 32 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14. Investments Unrestricted funds Restricted funds Total 2024 2023 Unrestricted funds 2023 Restricted funds Market Value 1 September 2023 340,019 1,640,000 1,980,019 355,099 1,640,000 Transfer of Investment 953,160 953,160 (Loss)IGain on Investments 26,306 26,306 {15,080) Market Value 31 August 2024 366,325 2,593,160 2,959,485 340,019 1,640,000 Current Asset Inve The following funds are held on behalf of the circuit by TMCP Unrestricted funds Restrlcted funds Total 2024 2023 Unrestricted funds 2023 Restricted funds Trust 10982 Circuit Model Trust Fund Trust 21539 Circuit General Fund 71,597 71,597 149,071 65,551 65,551 55,720 137,148 137,148 204,790 Page 33 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Debtors and ments Unrestricted funds Restrlcted funds 2024 2023 Unrestricted 2023 Restricted 15. Stipends in advance 17,131 17,131 20,151 Resources Subscription in advance 440 440 440 Insurance 10,239 PRS Copyright Licen Lighthouse Gas in Credit 212 212 179 122 122 40 Council tax in advance 1,342 1,342 1.281 Sundry debtors 10,326 10,326 3,848 Total 29,573 29,573 36,178 Credltors and accruals Unrestrlcted funds Rostricted funds 2024 2023 Unrestricte funds 2023 Restricted funds 16. Sundry creditors 7,309 7,309 83,318 137 Total 7,309 7,309 83,318 137 Page 34 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 17. Connexional funds contrlbutions Home Misslon World Mission Other Funds Methodist Ch. Fund 2024 2023 Church: Cannon Lane M C 1,850 1,850 1,850 Hayes End M C 1,000 1,000 1,000 Northwood M C 500 Pinner M C 900 Ruislip M C 5,300 5,300 5,200 South Harrow M C 467 467 451 Wealdstone M C 2,600 2,500 2,500 467 10,650 11,117 12,401 Donations received at Circuit Services do not form part of the Circuit reSoUrs. Donations from Circuit resources to Ihe wider Methodist Church have not been included here. 18. Anal sis of net assets between funds Unrestricted funds Restricted Advance funds Restricted Manses funds Total Tangible fixed assets 366,325 7,869,689 8,236,014 Net current assets 320,723 500 321,223 Total 687,048 500 7,869,689 8,557,237 Page 35 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19. Cash enerated from erations 2024 2023 Surplus l (Deficit) for the year (40,009) (124,255) Adjustment for: Investment income recognised in statement of financial activities (77,322) 61,157 (26,306) (71,949) 72,077 Depreciation Revaluation of investments 15,080 Movement in working capital D8creasel(increase) in debtors (Decrease)lincrease in creditors Cash (absorbed by)Igenerated from operatlons 6,607 (78,411) 12,983 (3,033) {154,284) (99,098) Page 36 of 37
HARROW & HILLINGDON CIRCUIT OF THE METHODIST CHURCH (35136) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Balance at 20. Funds Incoming resources Resources expended Revaluation gains and losses Balance at 31 August 2024 September 2023 Transfers Unrestrlcted General funds 355,446 554,391 (557,9001 19,364 371,301 Designated Funds Circuit Model Trust funds 252,982 7,397 110,121) 6,942 257,200 Property Maintenance funds. Communication funds Lighthouse Centre funds Youth and Family Work funds Restricted Funds 33,509 9,517 12.801 33,509 8,017 15,376 (1,500) (19,1181 21,693 Freehold Manse funds Benevolent funds Revaluation reserve 1,878,256 500 1,878,256 soo 5 991433 6,052,590 8 597 247 583 481 649 796 8 557 237 in March 2018 the trustees agreed to the setup of a designated Manse Maintenance fund for unforeseen major manse repairs. In December 2021 the trustees agreed that the Lighthouse Centre should be included in the list of properties able to access these funds and therefore the fund name was changed to the Property Maintenance Fund. This fund will be retained on an ongoing basis with further transfers from, or to, the General Fund maintaining an appropriate level of reserves. 21. Related Part and Trustee Ex enses Ministers were paid a stipend, pension, travel and other expenses following Methodist Church guidelines. No Trustee was given a payment as a fee or remuneration for carrying out duties as a Trustee other than reimbursement ofexpenses incurred. As stated in the Financial Report under Trustees, Interests on page 9 the total amount reimbursed to 6 Trustees amounted to £3,484. Trustee Mr Alan Pannell was paid for gardening services lotalling £1,860. Trustee Mr lan Hilliard was paid for maintenance and repairs totalling £141. Page 37 of 37