2025-08-31-accounts

Charity registration number 1133913 (England and Wales)

BARNES METHODIST CHURCH

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

BARNES METHODIST CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Members of the Church Council
Charity number	1133913
Principal address	Barnes Methodist Church
	Station Road
	London
	SW13 0NH
Independent examiner	Sam Thomas FCA
	Azets Audit Services
	Gladstone House
	77-79 High Street
	Egham
	Surrey
	TW20 9HY
Bankers	Central Finance Board of the Methodist Church
	9 Bonhill Street
	London
	United Kingdom
	EC2A 4PE
	HSBC Bank plc
	172 Upper Richmond Road
	Putney
	London
	United Kingdom
	SW15 2SH
Solicitors	Methodist Insurance plc
	Brazenose Street
	Manchester
	United Kingdom
	M2 5AS
Investment advisers	The Trustees for Methodist Church Purposes
	Central Buildings
	Oldham Street
	Manchester
	United Kingdom
	M1 1JQ

BARNES METHODIST CHURCH

CONTENTS

	Page
Trustees' report	1 - 3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7 - 21

BARNES 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 accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing documents, the Charities Act 2011 and the 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 from 1 January 2019.

Objectives and activities

The objective and policy of the trustees, both long term and short term, is to enable the church to function successfully at a local level alongside our local ecumenical partners, through the Richmond and Hounslow circuit with our neighbouring Methodist Churches and through the Methodist Connexion with our national and international community.

The purposes of the Methodist Church are, and have been since the date of the union, as set out in section 4 of the Methodist Church Act of 1976. The calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out its discipleship in worship and mission. The ministry includes:

Worship: The Church exists to increase awareness of God's presence and to celebrate God's love. Evangelism - The Church exists to make more followers of Jesus Christ. Learning and caring - The Church exists to help people to grow and learn as Christians, through mutual support and care.

Service - The Church exists to be a good neighbour to people in need and to challenge injustice.

Barnes Methodist Church exists to exercise the whole ministry of Jesus Christ, particularly in the local community.

The church building is licensed for marriages including of same sex couples and for funeral services.

The trustees have paid due regard to guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The congregation continued to meet for worship and fellowship on Sundays, and for bible study on weekdays. Worship and bible studies are open to all.

The church hosted a night shelter in collaboration with Glass Door on Saturday nights throughout the winter months. It additionally provided some lunches for those in need as part of the Richmond Sunday Lunch Scheme.

• 1 -

BARNES METHODIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

Incoming resources increased by 6% from £150,855 in 2024 to £160,262 for the year. The increase has been driven by an a rise in income relating to donations and legacies, with investment income seeing an increase on the year prior.

Charitable expenditure increased by 20 % in comparision to the previous year totalling £159,535 (2024: £132,671). This includes apportioned support and governance costs which have decreased by 2% from £95,454 to £93,300. As a result an overall deficit of £2,357 (2024: £20,748) has been made before any gains from revaluation of the Church buildings.

The net assets of the Church at the year-end show a healthy balance sheet, mainly as a result of the inclusion of the Church building in the accounts at its valuation of £7,253,298 (2024: £7,042,021). Excluding tangible fixed assets, the total funds would be £128,387 (2024: £118,824).

The Church flat is let to a tenant placed there by the London Borough of Richmond upon Thames. The Borough Council is responsible for the payment of the rent to the Church.

The Church is again deeply indebted to the dedicated commitment, financial support, gifts in kind, work and selfsacrifice of our members in many ways, without which we, and the neighbourhood, would be much the poorer.

From time to time, the Church has surplus funds to invest on a short-term basis. Funds have traditionally been placed with the Central Finance Board of the Methodist Church, which has a record of prudent management and good returns, coupled with flexibility and ease of repayment. It is not likely in the near future that there will be many funds to invest, so obtaining comparisons with other similar bodies may have a very limited effect. However, when funds begin to accumulate, testing the market may be a more worthwhile exercise.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves reduced throughout the year due to the ongoing costs of repairing the roof. The Church continues to receive support from the Richmond & Hounslow Circuit and is confident in re-establishing its reserves over the coming years.

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 charity registered with the Charity Commission on 1st February 2010, having previously taken advantage of the exception under Statutory Instrument 2002 (no. 1598). Its governing documents are the Deed of Union (1932) and the Methodist Church Act (1976).

The trustees who served during the year are listed in note 23 to the accounts.

The charity's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The charity's current policy concerning the payment of trade creditors is to:

• settle the terms of payment with suppliers when agreeing the terms of each transaction;

• ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

• pay in accordance with the charity's contractual and other legal obligations.

There were no trade creditors of the charity at the year end.

• 2 -

BARNES METHODIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The Barnes Methodist Church is part of the Richmond and Hounslow Circuit of Methodist churches, which itself is part of the larger London District. The Circuit administers people, property and finance, and acts through central Circuit meetings, to which representatives of each of the local churches attend. All districts are related to each other through The Connexion, a network of support for all the churches in Great Britain. All districts, Circuits and Local Churches are constituted in accordance with the practices and discipline of The Methodist Church in Britain.

Barnes Methodist Church has its own Church Council, who form the trustees, which makes decisions affecting the Church at a local level. There are no formal training procedures involved in membership of the Church Council, which is ultimately the decision-making body for Barnes Methodist Church.

Funds held as custodian trustee

The Church is anxious to ensure good stewardship in all its dealings. Quarterly updates are prepared by the Treasurer for review by the Management Committee and Church Council, and significant items are inquired into. Updates are reported from time to time in the Newsletter, and annual accounts are available to all members. An Annual Summary is forwarded to the Circuit in the early part of each succeeding year.

Arrangements are in place for all monetary collections to be counted on the premises by at least two people, in the presence of each other, before being promptly banked to avoid unnecessary cash being kept on the premises. It is policy to pay all creditors within agreed credit terms.

A thorough inspection of the entire premises is carried out every five years by professional advisers from the Methodist Church Property Office, whose written Report is acted upon with appropriate urgency. A risk management plan is also in place which seeks to identify the most significant risks faced by the Church, their likelihood of occurrence, and their potential impact. It also includes the safeguarding of children and young people, and indicates what action is in place or planned to mitigate each risk. Risks are likely to fall into four categories: external environment; mission and outreach; finance; and internal infrastructure. The plan is kept under continuous review.

The trustees' report was approved by the Board of Trustees.

G Farrar Trustee

17 June 2026

• 3 -

BARNES METHODIST CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARNES METHODIST CHURCH

I report to the trustees on my examination of the financial statements of Barnes 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 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.

• 2 the financial statements do not accord with those records; or

• 3 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.

Sam Thomas FCA Independent Examiner Azets Audit Services ICAEW

18/06/2026 Dated: .........................

Gladstone House 77-79 High Street Egham Surrey TW20 9HY United Kingdom

• 4 -

BARNES METHODIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 Notes £ £ £ Income from: Donations and legacies 3 9,619 - - Investments 4 149,336 521 786 Total income and endowments 158,955 521 786 Expenditure on: Raising funds 5 163 - 127 Charitable activities 6 154,890 - - Total expenditure 155,053 - 127 Net gains/(losses) on investments 12 - - (2,725) Net income/(expenditure) 3,902 521 (2,066) Transfers between funds 663 - (663) Other recognised gains and losses: Revaluation of tangible fixed assets 211,277 - - Net movement in funds 9 215,842 521 (2,729) Reconciliation of funds: Fund balances at 1 September 2024 7,101,922 11,594 54,535 Fund balances at 31 August 2025 7,317,764 12,115 51,806	Total Unrestricted Restricted Endowment funds funds funds 2025 2024 2024 2024 £ £ £ £ 9,619 14,711 - - 150,643 134,476 571 1,097 160,262 149,187 571 1,097 290 143 - 104 154,890 132,656 15 - 155,180 132,799 15 104 (2,725) - - 2,811 2,357 16,388 556 3,804 - 994 - (994) 211,277 171,702 - - 213,634 189,084 556 2,810 7,168,051 6,912,838 11,038 51,725 7,381,685 7,101,922 11,594 54,535	Total 2024 £ 14,711 136,144
		150,855
		247 132,671
		132,918
		2,811
		20,748 - 171,702
		192,450 6,975,601
		7,168,051

• 5 -

BARNES METHODIST CHURCH

BALANCE SHEET

AS AT 31 AUGUST 2025

2025 Notes £ £ Fixed assets Tangible assets 14 7,259,113 Investments 15 86,491 7,345,604 Current assets Debtors 16 20,884 Cash at bank and in hand 60,317 81,201 Creditors: amounts falling due within one year 17 (45,120) Net current assets 36,081 Total assets less current liabilities 7,381,685 Capital funds Endowment funds-general Permanent endowment 36,411 Expendable endowment 15,395 18 51,806 Income funds Restricted funds 19 12,115 Unrestricted funds Designated funds 20 1,957 General unrestricted funds 3,210,773 Revaluation reserve 4,105,034 7,317,764 7,381,685 The accounts were approved by the Trustees on 17 June 2026	2024 £ £ 7,049,227 89,216 7,138,443 29,959 53,339 83,298 (53,690) 29,608 7,168,051 39,140 15,395 54,535 11,594 1,957 3,206,208 3,893,757 7,101,922 7,168,051	2024 £ £ 7,049,227 89,216 7,138,443 29,959 53,339 83,298 (53,690) 29,608 7,168,051 39,140 15,395 54,535 11,594 1,957 3,206,208 3,893,757 7,101,922 7,168,051
		7,138,443 29,608
		7,168,051
		54,535 11,594 7,101,922
		7,168,051

G Farrar Trustee

• 6 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

Barnes Methodist Church is a registered charity with the Charity Commission and its governing documents are the Deed of Union (1932) and the Methodist Church Act (1976). The registered office is Barnes Methodist Church, Station Road, London, SW13 0NH.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing documents, 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)” (as amended for accounting periods commencing from 1 January 2019). 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 applying FRS 102 Update Bulletin 1 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, modified to include the revaluation of freehold properties at fair value. 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. The Church has one Permanent Endowment; a Legacy which was left some years ago by M G Calvert to provide a regular income for musical and cultural purposes. It is invested with The Trustees for Methodist Church Purposes.

1.4 Incoming resources

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.

• 7 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

Barnes Methodist Church welcomes all legacies and gifts in memoriam. Legacies are a valuable source of income, and the Church has benefited considerably over the years from the generous provision by members and adherents for its continuing work after their death. Legacies may be earmarked for specific activities or concerns, for example youth work, maintenance of the organ, or simply to support on-going work. Legacies are recognised on date of receipt.

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic 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 direct 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.

Resources expended are recognised on an accruals basis and allocated between costs of generating funds, charitable activities and governance costs.

Governance costs represent all costs incurred in maintaining and running the Church buildings and meeting all legal and financial reporting requirements. Support and governance costs are apportioned to charitable activities on the proportion of the direct costs incurred.

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:

Fixtures, fittings & equipment 5% - 10% straight-line, per annum Computers 33% straight-line, per annum

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.

No depreciation is provided in terms of freehold land.

After taking advice from the Charity Commission, in conjunction with the Methodist Property Office, the Church building and the school property need to be included on the Balance Sheet, at their insured value as determined by Methodist Insurance plc. An adjustment is made every year (where material) as an unrealised gain.

It has been identified from the SORP (FRS 102) that historic Churches are unlikely to meet the heritage asset definition, as the preservation of the buildings they occupy is unlikely to be the primary objective of the Charity. Churches therefore do not qualify as a heritage asset and thus cannot be included at nil cost.

• 8 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the charity holds a long-term interest and where the charity has significant influence. The charity considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.8 Impairment 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).

1.9 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.

1.10 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.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price 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 services 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.

• 9 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.11 Taxation

As a charity, the Church benefits from Rates Relief and is exempt from direct tax on its charitable income and, because they are specifically exempted or regarded as de minimus, its fundraising activities. We are therefore able to recover, through Gift Aid, the tax already suffered by donors from their income. In 2025 this amounted to £nil (2024: £nil).

2 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 significant estimations are considered to be depreciation of fixed assets and the valuation of the church at the year end.

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.

3 Donations and legacies

	2025	2024
	£	£
Donations and gifts	9,619	14,711

• 10 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

4 Income from investments

Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 £ £ £ Rental income 146,690 - - Other income 2,349 - 786 Interest receivable 297 521 - 149,336 521 786	Total Unrestricted Restricted Endowment funds funds funds 2025 2024 2024 2024 £ £ £ £ 146,690 131,580 - - 3,135 2,648 - 1,097 818 248 571 - 150,643 134,476 571 1,097	Total 2024 £ 131,580 3,745 819
		136,144

• 11 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

5 Expenditure on raising funds

	**Unrestricted **	Endowment	Total	**Unrestricted **	Endowment	Total
	funds	funds		funds	funds
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Investment management	163	127	290	143	104	247

• 12 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

6 Charitable activities

Grants and donations Worship and Young People Assessment by Circuit 2025 2025 2025 £ £ £ Direct costs - 2,560 62,661 Grant funding of activities (see note 7) - - - Share of support costs (see note 8) 795 3,797 78,377 Share of governance costs (see note 8) 64 307 6,329 859 6,664 147,367 Analysis by fund Unrestricted funds 859 6,664 147,367 Restricted funds - - -	Total 2025 Grants and donations Worship and Young People Assessment by Circuit 2024 2024 2024 £ £ £ £ 65,221 - 1,119 36,060 - 38 - - 82,969 1,362 2,636 85,766 6,700 86 167 5,437 154,890 1,486 3,922 127,263 154,890 1,486 3,907 127,263 - - 15 -	Total 2024 £ 37,179 38 89,764 5,690
		132,671
		132,656 15

• 13 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

7 Grants payable

	2025	2024
	£	£
Grants to institutions:
Other	-	38

8 Support costs

Support costs Governance costs £ £ Depreciation 1,389 - Utilities 17,942 - Property costs 51,525 - Administrative costs 12,113 - Independent Examiner's fees - 6,700 82,969 6,700 Analysed between Charitable activities 82,969 6,700	2025 £ 1,389 17,942 51,525 12,113 6,700 89,669 89,669	2024 Basis of allocation £ 1,370 Proportion of direct costs 18,186 Proportion of direct costs 61,768 Proportion of direct costs 8,440 Proportion of direct costs 5,690 Governance 95,454 95,454

Governance costs includes independent examiner's fees of £6,700 (2024 - £5,690).

9 Net movement in funds

Net movement in funds	2025	2024
	£	£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements	6,700	5,690
Depreciation of owned tangible fixed assets	1,390	1,369

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year. No payments were made to trustees during the year for expenses, however this does not include reimbursement for the purchase of items where the trustee was acting on the Church's behalf.

• 14 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

11 Employees

The average monthly number of employees during the year was:

	2025	2024
	Number	Number
Total	-	-

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

12 Gains and losses on investments

	Endowment	Endowment
	funds	funds
	2025	2024
Gains/(losses) arising on:	£	£
Revaluation of investments	(2,725)	2,811

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14 Tangible fixed assets

Cost or valuation At 1 September 2024 Revaluation At 31 August 2025 Depreciation and impairment At 1 September 2024 Depreciation charged in the year At 31 August 2025 Carrying amount At 31 August 2025 At 31 August 2024	Land and buildings £ 7,042,021 211,277 7,253,298 - - - 7,253,298 7,042,021	Fixtures, fittings & equipment £ 29,685 - 29,685 22,518 1,352 23,870 5,815 7,168	Computers £ 3,661 - 3,661 3,623 38 3,661 - 38	Total £ 7,075,367 211,277
				7,286,644
				26,141 1,390
				27,531
				7,259,113
				7,049,227

• 15 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

14 Tangible fixed assets

(Continued)

Land and buildings with a carrying amount of £7,253,298 were revalued by the Trustees as at 31st August 2025 based on the insurance value by Methodist Insurance plc. The valuation of the building includes the organ which was purchased in 1925.

At 31 August 2025, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £nil (2024 - £-).

15 Fixed asset investments

Various Bequests Various Bequests £ £ Cost or valuation At 31 August 2024 50,078 39,138 Valuation changes - (2,725) Income 2,345 790 Charges and transfers (2,345) (790) At 31 August 2025 50,078 36,413 Carrying amount At 31 August 2025 50,078 36,413 At 31 August 2024 50,078 39,138	Total £ 89,216 (2,725) 3,135 (3,135)
	86,491
	86,491
	89,216

The Hannah Elizabeth Gentry Bequest de-registered as a charity during 2006. It holds investments under the terms of Miss Gentry's Will, which are managed by the Trustees for Methodist Church Purposes and the Central Finance Board of the Methodist Church, and disbursements are made by trustees appointed by Barnes Methodist Church Council. The net decrease in the year was £544 (2024 - increase of £2,162). The total value of the investments held by the Trust is £30,830 (2024 - £31,374).

16 Debtors

Debtors
Amounts falling due within one year: Other debtors Prepayments and accrued income	2025 £ 3,320 17,564 20,884	2024 £ 13,521 16,438
		29,959

• 16 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other creditors Accruals and deferred income	2025 £ 38,970 6,150 45,120	2024 £ 48,000 5,690
		53,690

18 Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

		At 1	Incoming	Resources	Transfers	Gains and	At 31 August
	September		resources	expended		losses	2025
		2024
		£	£	£	£	£	£
Permanent endowments
Miss M G
Calvert Legacy	39,140		786	(127)	(663)	(2,725)	36,411
Expendable endowments
Amounts held in
Community
Account	14,495		-	-	-	-	14,495
Constant
amount from
General funds		900	-	-	-	-	900
	54,535		786	(127)	(663)	(2,725)	51,806

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BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

18	Endowment funds							(Continued)
	Previous year:		At 1	Incoming	Resources	Transfers	Gains and	At 31 August
		September		resources	expended		losses	2024
			2023
			£	£	£	£	£	£
	Permanent endowments
	Miss M G
	Calvert legacy	36,330		1,097	(104)	(994)	2,811	39,140
	Expendable
	endowments
	Amounts held in
	Community
	Account	14,495		-	-	-	-	14,495
	Constant
	amount from
	General funds		900	-	-	-	-	900
		51,725		1,097	(104)	(994)	2,811	54,535

19 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.

	At 1	Incoming	Resources	At 31 August
	September	resources	expended	2025
	2024
	£	£	£	£
Property Reserve Fund	337	16	-	353
Organ Fund	11,138	505	-	11,643
Roof Fund	119	-	-	119
	11,594	521	-	12,115
Previous year:	At 1	Incoming	Resources	At 31 August
	September	resources	expended	2024
	2023
	£	£	£	£
Property Reserve Fund	320	17	-	337
Organ Fund	10,584	554	-	11,138
Roof Fund	134	-	(15)	119
	11,038	571	(15)	11,594

The Property Reserve Fund is for the maintenance of the Church buildings.

• 18 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

19 Restricted funds

(Continued)

The John Hodgson and Jim Rentell Funds were created to provide funds towards Organ tuning and newsletter costs. These now constitute the Organ Fund.

20 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.

At 1 September 2024 Incoming resources Resources expended £ £ £ Ministers Discretionary Fund 1,957 - - General funds 3,206,208 158,955 (155,053) 3,208,165 158,955 (155,053) Revaluation reserve 3,893,757 - - Previous year: At 1 September 2023 Incoming resources Resources expended £ £ £ Ministers Discretionary Fund 1,957 - - General funds 3,188,826 149,187 (132,799) 3,190,783 149,187 (132,799) Revaluation reserve 3,722,055 - -

Transfers Gains and losses At 31 August 2025 £ £ £ - - 1,957 663 - 3,210,773 663 - 3,212,730 - 211,277 4,105,034 Transfers Gains and losses At 31 August 2024 £ £ £ - - 1,957 994 - 3,206,208 994 - 3,208,165 - 171,702 3,893,757

• 19 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

21 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted Funds Restricted Funds Endowment Funds 2025 2025 2025 £ £ £ Fund balances at 31 August 2025 are represented by: Tangible assets 7,259,113 - - Investments 34,685 - 51,806 Current assets/(liabilities) 23,966 12,115 - 7,317,764 12,115 51,806	Total Unrestricted Funds Restricted Funds Endowment Funds 2025 2024 2024 2024 £ £ £ £ 7,259,113 7,049,227 - - 86,491 34,681 - 54,535 36,081 18,014 11,594 - 7,381,685 7,101,922 11,594 54,535	Total 2024 £ 7,049,227 89,216 29,608
		7,168,051

• 20 -

BARNES METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

22 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

23 Trustees

Rev G Farrar Mr P Blow Mrs V Isaac Mr I Haddow (Deceased 13 June 2025) Miss V Hearn Mrs D Davies (Re-appointed 28 April 2026) Mrs F Moorhouse Mrs M Withall Mr M Benneworth (Deceased 06 June 2025) Mrs E Cunningham

• 21 -