SHIRLEY METHODIST CHURCH ANNUAL REPORT AND UNAUDfTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025 (Registered Charity Number 1133870) IHOMAS +YounG
SHIRLEY METHODIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Caroline Hague Julian Bache Lois Beaumont Ann Butler Jill Dunwoody Gina Fletcher Jean Hamilton Stuart Hollis Ruth Low Pat Lowe Nicholas Mund Margaret Pike Stella Staight Philip Salmon Steve Bache (Appointed 1 March 2025) Charity registration England and Wales 1133870 Principal address 257 Stratford Road Shirley Solihull B90 3AL Independent examiner Thomas and Young Limited Carleton House 266-268 Strafford Road Shirley Solihull B90 3AD
SHIRLEY METHODIST CHURCH CONTENTS Page Trustees report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 9-16
SHIRLEY METHODIST CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report and financial statements for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing 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 2019). Objectives and activities The purposes of the Methodist Church are, and shall be deemed to have been since the date of union, the advancement of the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; any charitable purpose for the time being of any Connexional, district, circuit, local or other organisation of the Methodist Church; any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church; any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. The Mission Statement of Shirley Methodist Church The calling of the Methodist Church is to respond to the gospel of God's love in Christ, and to live out our discipleship in worship and mission. Our purpose is: Worship: Celebrating God's activity in our lives, the church and the world. Outreach: Caring for and supporting individuals and communities. Welcome: Embracing all in spiritual and social activities. In addition, we endorse a statement suggested by the Inclusive Church network. We believe in inclusive Church - Church which does not discriminate on any level, on grounds of economic power, gender, mental health, physical ability, age, race, neurodiversity or sexuality. We believe in Church which welcomes and serves all people in the name of Jesus Christ; which is scripturally faithful; which seeks to proclaim the gospel afresh for each generation; and which, in the power of the Holy Spirit, allows all people to grasp how wide and long and high and deep is the love of Jesus Christ. The church is registered to conduct same sex marriages. Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Achievements and perforniance Significant activities and achievements against objectives Our Church buildings face directly onto the High Street (Stratford Road) in Shirley and are therefore ideally placed to serve the local community in Shirley. The Church buildings consist of a foyer area with adjacent main worship space, chapel and a coffee shop with servery (these were all completed in 1994). In addition, there are two halls, a smaller function room, a church office and a kitchen. The Church premises are extensively used by both Church groups and external groups throughout the week. The chapel is available for private prayer when the coffee shop is open.
SHIRLEY METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Regular Services Morning Family Worship (Sunday mornings) Wednesday Morning Service ('Make Wednesday Special,) In addition, there are occasional 'special services, including a very popular Christingle Service at Christmas. The Church is also used by the Birmingham Methodist Circuit for joint services and occasionally by the national Methodist Church e.g. Ordination Services. A thriving congregation of the Global Missional Church (Cantonese speaking church of Hong Kong Nationals) meets in our Worship Space on Sunday afternoons. Solihull Quaker group meets here on Sunday mornings. Church Groups include: Church Choir (which supports worship on Sunday mornings and at special services) Bowling Club. Boys Brigade and Girls Association Bible Study Group Guide group (although strictly not a Church group, rt nevertheless is part of our community and t*es part in church activities.) Pastoral Support In common with many Methodist Churches, we operate a system of pastoral support whereby every member of the congregation is linked to a pastoral visitor who will ensure that members are kept in touch with what is happening in Church and is able to offer further support if needed. The Church holds some money in a Benevolent Fund which can provide small cash payments for anyone in particular need (at the discretion of the Minister). Octagon Coffee Shop The Church's Octagon Coffee shop is open on five mornings per week. It is run entirely by volunteers and provides a welcoming environment to all, serving hot drinks and snacks at moderate prices. We are a Fairtrade Church and all tea, coffee and sugar used in the coffee shop and by Church groups carries the Fairtrade logo. Other Groups which meet on Church premises The church buildings are in demand throughout the week by external groups. Charities which use the premises include AL- ANON, Solihull Symphony, Midland Chamber Players, Quilters and the Macular Society. Other social groups include Shirley Photographic Club, Wl, U3A, Slimming world, dance and singing groups and toddler groups and Creative Support (Mental Health Well Being Hub) The main worship space provides an excellent acoustic for concerts and is used by both Church groups and other local musical groups. Church Window Our window facing the High Street has provided an ideal opportunity to present displays with positive and uplifting messages to members of our community, even if they do not cross the threshold of the church building. These have included displays for festivals and special services in the church's calendar as well as marking national events such as the Jubilee.
SHIRLEY METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Charitsble donations During the year 2024-25 approximately £3,000 was raised for external charities including All We Can (the Methodist Relief & Development agency). Action for Children, Methodist Homes, Leprosy Mission, Acorns Children's Hospice, and Christian Aid. We also act as a drop-off point for donations to a local food bank. (Note: some of the money will have been sent directly to the Charity so will not appear in the accounts). Eco Church Shirley Methodist Church supports the Eco Church movement. At present we are a bronze award holder and are working towards silver. We include articles on eco matters to promote better practice in our monthly newsletter, and we facilitate the recycling of 'difficult' items such as plastic pens, and old spectacles. Ecumenical Partnerships The Church continues to be an active partner in Shirley Churches Together. There are joint events such as Good Friday Walk of Witness, Community Carol Singing and Joint services. Safeguarding Shirley Methodist Church commits itself to ensuring the implementation of Connexional Safeguarding Policy, government legislation, guidance and safe practice within our Church premises. There is a safeguarding team appointed by Church Council. Financial review The financial statements show a surplus for the year of £49,461 (2024: £5,037), and the total fund balance at 31 August 2025 was £133,737 This includes unrestricted funds of £89,815 and restricted funds of £43,922 During the year legacies totaling £32,000 were received (2024: £Nil).
SHIRLEY METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Reserves policy The Church needs to hold reserves primarily to manage the funds passing through its accounts. On the expenditure side there are a number of substantial items that arise and are settled on a quarterly basis, whilst on the income side offerings, room hire and Gift Aid tax relief claims vary widely month to month. Secondly, reserves are held to provide for funds for future projects to develop the work of the Church andlor maintain or improve the fabric and facilities of the Church buildings. As Trustees, the members of Church Council believe that the Church should seek to hold, in the Gereral Fund, primary reserves of £40,000. The secondary reserves, held in the Designated Funds, arise from surpluses transferred from the general operations of the Church plus Individual substantial donations and legacies received from time to time. The size of such reserves varies over time because of the nature of the income and also the adoption of particular projects. These typically see work to raise funds prior to the project being undertaken and the costs incurred. These reserves are also held against unforeseen contingencies. The target for secondary reserves is a further sum equal to that for the primary reserves. For the year to 31 August 2025 annual expenditure totaled £115,099 and the reserves held stood at £89,815 in the Unrestricted Fund and a further £43,922 in the Restricted Funds. The Restricted Funds received a substantial legacy in the year 2013 and this is being used to fund developments over a few years. The position on reserves is reviewed in quarterly figures and this policy will be formally considered in the preparation of the annual accounts each year. The Future The cost of living crisis following the outbreak of the Ukraine conflict has been a challenge, with fuel costs being a particular concern. However at the present time, the Church's finances are in a satisfactory position with cash reserves in excess of our advised minimum of £40,000. We pray for God's guidance as we seek a way forward, and that Shirley Methodist Church will continue to be a hub of activity on the Shirley High Street and in our community. Major risks The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The governing document for the Church is the Deed of Union (1932) and the Methodist Church Act (1976). Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD). Day to day management of the Church is undertaken by the Church Leadership Team along with the Minister.
SHIRLEY METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees who served during the year and up to the date of signature of the financial statements were: Caroline Hague John Adams Julian Bache Lois Beaumont Ann Butler Jill Dunwoody Gina Fletcher Jean Hamilton Stuart Hollis Ruth Low Pat Lowe Jean Meeson Nicholas Mund Margaret Pike Stella Staight Bill Russell Hilary Wilson Philip Salmon Steve Bache (Resigned 31 August 2025) (Resigned 31 August 2025) (Resigned 31 August 2025) (Resigned 31 August 2025) (Appointed 1 March 2025) Recruitment and appointment of trustees The Trustees are appointed at the AGM of the Church. A range of guidance by the Methodist Connexion to support the effective running of the Church and the role of Trustees is given to the Church Trustees at various meetings andlor training sessions The Trustees report was approved by the Board of Trustees. aroline H Minister ue Date: ..
SHIRLEY METHODIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIRLEY METHODIST CHURCH I report to the Trustees on my examination of the financial statements of Shirley Methodist Church (the Charity) for the year ended 31 August 2025. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examinerfs statement Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011 . the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. James Carty FCA FCCA Thomas and Young Limited Carleton House 266-268 Stratford Road Shirley Solihull B90 3AD
SHIRLEY METHODIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Other trading activities Investments 105,895 57,339 783 105,895 57,339 1,326 76,213 44,776 132 76,213 44,776 727 543 595 Total income 164,017 543 164,560 121,121 595 121,716 Expenditure on: Raising funds Charitable activities Other expenditure 3,758 109,025 2,316 3,758 109,025 2,316 1,632 111,315 3,732 1,632 111,315 3,732 11 Total expenditure 115,099 115,099 116,679 116,679 Net income and movement in funds 48,918 543 49,461 4,442 595 5,037 Reconciliation of funds: Fund balances at 1 September 2024 40,897 43,379 84,276 36,455 42,784 79,239 Fund balances at 31 August 2025 89,815 43,922 133,737 40,897 43,379 84,276 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
SHIRLEY METHODIST CHURCH BALANCE SHEET ASAT31 AUGUST2025 2025 2024 Notes Fixed assets Tangible assets 13 6,405 12,849 Current assets Debtors Cash at bank and in hand 14 20,170 109,806 32,964 40,413 129,976 73,377 Creditors: amounts falling due within one year 15 (2,644) (1,950) Net current assets 127,332 71,427 Total assets less current liabilities 133,737 84,276 The funds of the Charity Restricted income funds Unrestricted funds 16 17 43,922 89,815 43,379 40,897 133,737 84,276 The financial statements were approved by the Trustees on . roline H Minister ue
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Charity information Shirley Methodist Church is a registered charity. 1.1 Basis of preparation The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)" The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements 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 Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. 1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheiSe if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer econom(c benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment 33.3 % and 20 % staright line method The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impaimient of fixed assets At each reporting end date, the Charity reviews the carrying amounts of its tangible 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 (if any). 1.8 Cash and cash equivalents 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. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity 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 on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors 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 financing 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. 10-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments 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 creditors 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. Critical accounting estimates and judgements In the application of the Charity'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. Income from donations and legacies Unrestricted Unrestricted funds funds 2025 2024 Donations and gifts Coffee Shop 89,673 16,222 61,102 15,111 105,895 76,213 Donations and gifts Offering Plate Other donations Standing order Gift Aid Legacies 4,830 2,982 39,873 9,000 32,988 4,590 4,352 42,160 10,000 89,673 61,102 11
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Income from other trading activities Unrestricted Unrestricted funds funds 2025 2024 Letting and licensing arrangements 57,339 44,776 Income from investments Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Interest receivable 783 543 1,326 132 595 727 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Seeking donations, grants and legacies 3,758 1,632 12-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Expenditure on charitable activities 2025 2024 Direct costs Depreciation and impairment Circuit Assessment Telephone Organist and Music Preachers expenses Licences Tv Cleaning and materials Heat, Light and water Insurance Miscellaneous Bank charges Building repairs and renewals Stationery,postage and computer costs 6,444 39,998 1,693 255 1,466 170 21,434 21,948 4,019 2,508 6,444 40,000 1 ,679 180 1,360 130 25,608 22,690 4,416 4,024 340 4,266 178 8,860 230 109,025 111,315 Analysis by fund Unrestricted funds 109,025 111,315 Net movement in funds 2025 2024 The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the chartty's financial statements Depreciation of owned tangible fixed assets 1,950 6,444 1,950 6,444 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. 10 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. 13-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 Other expenditure Unrestricted Unrestricted funds funds 2025 2024 Other expenditure 2,316 3,732 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Tangible fixed assets Plant and equipment Cost At 1 September 2024 64,636 At 31 August 2025 64,636 Depreciation and impairment At 1 September 2024 Depreciation charged in the year 51,787 6,444 At 31 August 2025 58,231 Carrying amount At 31 August 2025 6,405 At 31 August 2024 12,849 14 Debtors 2025 2024 Amounts falling due within one year: Other debtors Prepayments and accrued income 9,000 11,170 23,000 9,964 20,170 32,964 15 Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income 2,644 1,950 14~
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At1 September 2024 Incoming At 31 August resources 2025 Contingencies Fund Benevolent Fund Model Trust Fund 30,851 309 12,219 30,851 309 12,762 543 43,379 543 43,922 Previous year: At1 September 2023 Incoming At 31 August resources 2024 Contingencies Fund Benevolent Fund Model Trust Fund 30,851 309 11,624 30,851 309 12,219 595 42,784 595 43,379 17 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At1 September 2024 Incoming Resources At 31 August resources expended 2025 General funds 40,897 164,017 (115,099) 89,815 Previous year: At1 September 2023 Incoming resources Resources At 31 August expended 2024 General funds 36,455 121,121 {116,679) 40,897 15-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 18 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 August 2025: Tangible assets Current assets/(liabilities) 6,405 83,410 6,405 127,332 43,922 89,815 43,922 133,737 Unrestricted funds 2024 Restricted funds 2024 Totsl 2024 At 31 August 2024: Tangible assets Current assets/(liabilities) 12,849 28,048 12,849 71,427 43,379 40,897 43,379 84,276 19 Related party transactions During the year, the following Trustees of the church recovered costs incurred on behalf of the church for goods and services amounting to: Steve Bache Bill Russell Julian Bache Keith Lovell Ann Butler Rev C Hague £2,181 (2024:Nil) £103 (2024:£1,168) £273 (2024: £160) £Nil (2024:£125) £722 (2024:£1,378) £225 (2024:£225) 111 GKLowe £365 (2024:£Nil) Hilary Wilson £Nil (2024:Nil) J Dunwoody £234 (2024:£80) JM & J Hamilton £29 (2024:Nil) LC Beaumont £31 (2024:Nil) Ruth Low £22 (2024:Nil) CB Pike £13 (2024:Nil) In the year amounts received from Trustees and related parties amounted to £17,504 16-