2024-08-31-accounts - Hinde Street Methodist Church

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Trustees’ Annual Report for the period September 2023 – August 2024

Objectives and Activities:

Hinde Street Methodist Church is a city centre church based in the heart of Marylebone, London, which seeks to be welcoming and hospitable to everyone. We have an open ethos and a tradition of questioning debate, primarily, although not exclusively, from a liberal perspective. We are a diverse and multi-racial community.

The age profile is distinctive with a small number of children and young people of school age but with a larger than average group of young adults. The remainder of the congregation are over the age of 40 and there is a large group of retirees. A considerable number of our members are professionals with a range of intellectual and academic backgrounds. They offer a wide range of gifts and skills to the community through service in different areas. At the same time, we are an inclusive church which welcomes people regardless of ability, gender, sexual orientation or age, and seeks to create a warm, caring and nurturing community for all. In April 2015 the Church Council voted to sign up for the ‘Inclusive Church’ movement, and we continue to work towards inclusivity in all that we do, particularly with regards to the LGBT+ community. We have recently approved a motion to allow the church to conduct same-sex marriages after the national Methodist Church Conference gave churches this option. Members of the church attended the Pride March in June 2024.

Our ministers include Revs Peter Cornick and James Cruddas (a workplace minister in the civil service) and Deacon Ruth Yorke who started work here in September 2023.

The church has three Sunday services, each with its own distinct congregation, with limited cross-over between them.

The 9.30am service (formerly at 10am) is short and uses an adapted version of the 1936 Methodist Communion Service. Attendance is between 6 and 10 and this service happens twice a month.
The 11am service is every week and is consciously traditional Methodist worship. A high value is placed on preaching, hymn-singing, liturgy (the Methodist Worship Book is used frequently but not exclusively), and communion is held twice a month. The congregation is also open to less traditional music and innovative liturgical ideas. Average attendance varies between 30 and 60 adults, and a small Junior Church sometimes meets at the same time. The Church has a strong musical tradition and there is an organist who plays weekly. There is also an occasional choir of members of the congregation on special occasions like Holy Week and Easter. The church possesses a fine organ and a Steinway grand piano. Since Covid, the 11am service has also operated online, and continues to offer ‘hybrid worship’ in church and on Zoom.
The 6.30pm service, which is twice a month, has an attendance of around 10 people, and often takes a more creative, interactive and meditative approach. It alternates between being in church and on Zoom (hybrid), and on Zoom only.

Hinde Street Methodist Church has long-established and well-run classes (small groups of members and non-members), following the Wesleyan tradition, which meet regularly. We have 6 classes, with four classes meeting monthly, one weekly and one (the class for young adults) meeting occasionally.

Alongside these, there are the following activities:

A weekly lunchtime meditation group supervised by the deacon and led by members of the church. It is open to members of the church, anonymous groups, local residents and workers. Attendance is on average between 5 and 10.
Social activities including a day trip to Greenwich.
Regular church lunches and an annual family picnic.
Weekly open drop-in sessions in the main church hall on Wednesdays from 4-7pm and Thursdays from 3-6pm, which offer food and support to approximately 30-50 people who are experiencing homelessness, or who are vulnerably housed within our neighbourhood.

The church committees, many of which are chaired by lay members of the church, oversee the various activities including property and financial issues.

Hinde Street Methodist Church has two established residential communities living in flats adjacent to the main church building; one has five members, and one has six members of young adults. These communities share a Christian ethos and make a commitment to contribute to the life of the church and circuit – including volunteering in our social projects, and an agreed amount of time covering reception duties when our caretaker is on leave.

The premises (church, church hall and adjacent rooms) are used by various groups during the week.

There are almost 35 ’12 step’ groups – self-help groups for people with addiction issues who have used these premises for many years. Up to 100 people per day use the premises in this way.

Hinde Street Methodist Church is committed to offering a sense of belonging to young people studying, living and working in London. Until March 2023 the church had a Community Worker whose work concentrated on helping 18-30 year olds become part of the church family by offering them pastoral care, open spaces for asking questions about faith and creative forms of worship. The young adults continue to meet regularly for friendship and exploring issues of faith.

We have a covenant with St Marylebone Parish Church. Three times a year we organise a pulpit swap, including during the Octave of Prayer for Christian Unity, and on Aldersgate Sunday.

Trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and Performance:

Our growth plan which was created in 2021 had several arms to deal with the dwindling funds and membership, which were significantly exacerbated by the pandemic and the resulting loss of any income from lettings in the building. The church was given a grant by the London Methodist District, some of which it has spent on an online rebrand and a refreshing of the website to capture online traffic. We have a Digital and Communications Officer to capitalise on our online presence, including Zoom services.

The church has recovered some income from lettings and many groups have returned. However, the church still faces economic challenges. We are planning to create a new website called Hinde Street Venues with the aim of increasing our income from lettings considerably.

The church has remained faithful in its fellowship and welcome to new members, and has offered pastoral support through our class (small group) network and keeping in touch with more vulnerable members of the congregation.

Ak Church Accruals Accounts 2023-2024 THE METHODIST CHURCH TEMPLATE REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2024 Hinde Street Methodist Church Reglstsr8d Charlty- R•ghtratlon numbgr (If appllcable) 1134023 West London M188ion Clrcuit No 35102 Mlnisters Rev Peter Cornlck. D•a¢on Ruth Yorke Church Stewards Ri¢hard Shepley Helen Cornlck Margar•t Rudland Cathy Sleler Church Treasurer Gordon Slater

HINDE STREET METHODIST CHURCH Church No 1134023 ststement of Flnanclal Actlvltles (SOFA) for the year ended 31 August 2024 Not08 to De81gnat tho Gonernl Fund Funds Rostrlctod EndoMn¢nt accounts (Unre81rt¢tsd) (unr••trl¢tsdl Funds Fund8 Totsl 2023-24 Income 1 Offerlngs 2 Donalons and18gaci08 3 Gift 4 Intèrest and invésknenl income S Income from Invéstmont propertles e Int8mal organlsalion$ 6A Lettings 7 Other dwrit8bl8 Income 8 Total Ineom• 87.049 3.286 16.286 8.153 87,049 63,746 16,286 60.480 1,507 256,561 16,729 266.661 20,933 469,235 9,204 Exp6nditure 9 Circuit assessment or shafo 10 Grants and donatsons 11 Property maintenanc6 12 Insura,lI11s otc 13 Car8taklng and dèanlng 14 Oflk* expen8e8 15 Olhereyinditure 16 Inlemal organisatlon8 17 Totsl ¢harltabb •xp•ndftur• 18 Gains1(1083e31 on monetsry Invgstrn8nt8 19 Gainsl(1088esl on investm8nt properti•s 20 N•t In¢omèlloxpendltur•) 21 Transfer9 between funds 22 Other gain¥l(109s85> 23 N•t mo¥•mènt In fundo 24 Total funds brought forward 25 Total funds carrfed forward 144,000 9,900 62.658 35,894 95.923 14.948 43,939 144,000 9,900 66,161 36.894 95,923 14,946 63,937 1503 407,280 10.843 419,761 lo3 8.373 69,484 50,317 8,373 104,024 95,651 59,484 . 120.966 180,450 50,317 233,806 284,123 8,816 8,022

HINDE STREET METHODIST CHURCH Churth No 1134023 Statement of Financial Activities (SOFA) for the yéar ended 31 August 2023 Designated the General Fund Fund$ ac¢ounts (Unreitrlcted) (unMtsl¢t•d Restrfclod Endowment Funds Funds Total 2022-23 Incom 1 OfferiNJs 2 Donalions 3 Gift aid 4 Interest and investment in(x)me S Income from investm8nl properfles 6 IntemÉl organi8811(5 6A Lètts'ng$ 7 Other charftable incom8 8 Total Income 82.606 3,760 16,516 82.608 3.780 16,516 7,329 1.020 228,812 20,orAI 368,003 228.812 24.000 363,023 1.020 4,01)0 Expenditure 9 Circuit aB6e$sment or share 10 Grants arKI donations 11 Property matnten8f8 12 Insuranc8.utilities dc 13 Depreclation 14 Office expense5 15 Other expendtlure 16 Intemal organlsatlons 17 Total charllabl• •IndItUre 18 Gain81(lossesi on mongt8ry investments 19 Gainsl(lo$sesl on Investment propertie8 20 Net Incoffl¢l(expendltur• 21 Tr8nsf8r8 belween fund8 22 Olher gainslllosse6) 23 Net movement In fund• 24 Totsl funds brought forward 25 Totsl lunds carrfed forward 133,000 11,5130 23.551 30.647 133,000 11.600 27.876 30,547 4.325 140,871 56,e63 140,871 63,117 6,454 396 132 ,216 406,911 4,216 4.305 -2,464 40,104 44,345 148,3e9 104,024 4.305 124,271 120,966 .2.464 11.270 8,816 0,104 283,910 233.808

HINDE STREET METHI)DIST CHURCH Chur¢h No 1134023 Balance Sheet as at 31 August 2024 GeMr&l Fund IUnr••trf¢idJ Oa•nat•d Funthi (Unn¥tslct•d Endowmw Fnty Totsh 2024 T<4al• 2023 FundB Ilot•• 10 th• Ae¢otsrrt• Plx•d A8••t• Chweh bLuWJkno Olh•r property Invesim8nt propwd Invegtmerts 28.057 28,057 28.057 1.110 134.167 34,881 34M61 150.993 17r.0$0 140,150 166,207 Totrlltr•d•sx•ts 8.022 DefA0rn8nd Loam by Ihe Chwch Inve8¢menis %57tti TMCP CentrBI Flnanc• Bowd DeFQ5 at Bank hand 38.713 30,713 1e,519 53,993 66,471 25.125 53.993 06,471 25,126 IM303 26,483 1047 38.713 c[lIt0 Idue In und•r I ) GTgrhts pgy4bbwlihln 2022-23 77.229 77,229 87,187 77,22 -38,616 77.229 107M73 17.187 67,099 ¢urneftt•M•tsm•blllWo I.68• Totrl•J8•ts l•u euff•ntii•bth& M.661 100.400 VI22 284123 2J3.1 Loni t•rni lknbllltl•s (due •fter more ih•n one Grwis abk altef 20Z2.23 AT•t •sB•ts 95.0111 180,460 8.022 28(123 233WO Funds ofth• Church Genefal FuTrJ Unr•$trct•dl 95,0$1 95.851 180.4S0 278,101 8.022 104,024 120,906 224.990 8,8ie 180,450 Tolal Un¢1•nrfs ResLId Fund• eM22 Tot•lFunds 95,6S1 18C•,450 8,022 2N123 233.808 Signed Church Treasurer

Hlndè Street Methodist Clwrch Notes to the Accounts l. Basls of accountlng The finandal statements have bÈen prepared under the Charli5 Act 2011 In accorthnce wlth the 2014 vefslon of Accountin8 and Reportlni by Charities.. Ststement of Recommended Practlce ISORPI aptAlcable to charltles preparing thelr accounts in accordance wlth the Flnan¢lal Reporting stsnda fer smaller Entltles applicable in the UK leffectlve from l January 2015). the Charlttes SORP IFRSSEI In ieplacementfor the SORP'S 2005 vefslon specbfitsj in its related 2(M)8 Re8ulètlons ènd In accordance with the'true and fair ovwrfde, piovlslon eontalned thweln." 2. Funds The funds held c47nstltute'. General Furtds held for any purpose of the Chuith whlch are Vnrestrlrted- Designated funds fepresentin8 unrestylcied funds set aside for partlcular PUfpose5: and Restrlrted fvnits whlch are Élven for a speclfk purpose. Details of each material fund are d•sclosed In note 12 . Any funds rn•y be represented by than lust cash. 3. Accountlng pollcles Bas15 These accounts have been prepared on the basls of hlstorlcal cosi except Investmènts are shwn at thelr marketvalue at the end ol the year, on the accruals basisto show • true and falr vlew ol the Chuwch's finan¢lal posltlon and aciivltles, Income Income Is Included in the Stotement of Flnanclal ActItIeS ISOFAI whert the Churth becomes entltled to the $OurCeS and the trustee5 are re•sonably cert•ln th•y wlll recelve the resources. and the monetsry value can be measured with sufficl•nt reliablllty. Expendlture Thls Is c0Sn1Sed when a Ilablllty Is Incurred. or constructlve obllgatlon adses. thai results In the paymenl belnK unavoldable. Llabllltles are re¢o8nlsed as soort as an ourflow of economic beneftt Is consldered more Ilkely than not under the le8al or consiru¢tlve oblliailon commbttln8 the Clrcuit to pay out re50urc•s. Gfaftts Grant$ made by the Church from Its own funds are recognlsed In full at the ilme of ègreement or when the Church accepts that there Is è legal or oper•llonal obll6atlon to make ihe paymenl. 4•lhen the grant Is rècurrent ¢)ver more than one yearthe balance payable in future years Is ireated as provlslon forfuture cornmllments In the 8alance Sheet a8alnst the approprfate fund, thè pro5)Qn belng released In future years as Insialments re paid In a¢cord)nce wbih the 0ri8inally a8re•d terms. VAT Slnce the Church Is not VAT reglstered, •ll Input VAT Is Chard wlth ihe expenses to thkh It refers. Tangible Ilxed a55ets for use by the Church These are capltallsed If ihey be used for more than one year, and Indlvldually cost V4t least £i.ooo. Investment Propertles Investrnent properties- no woperty is currently deemed not io be held for the long term prySe5 ¢f the charlty. In¥•stments Investments are valued in the balance sheet at market Value at the year end. Investment Income15 Included In the accounts when receiv•ble and any gains or105ses on revaluatlon at the year end are shown In the SOFA. Debtors and Prepayments Debtors Include outstsndlng lettlngs Involces In AuBu5t. Credltors Credltor5 Include outstsndln8s relatlng to ut111, tslephorRs, etc in August.

Hlnde Street Meth¢)dlst Church 2024 2023 4. Payments to Trustees Payments to trustee5 are made only to relmburse actual expenditure incurred on behalf of the church, and duly authorised. It is not possible without disproportionate effort to Identlfy the amounts involved {which are immaterial) or the number of payees. 5. Fees for examlnatlon of the accounts 660 648 6. Pald employeès Staff Costs pald durlng the year were: Gross wa8es, salarles and benefits in kind Employerfs National Insurance costs Pen55on costs Total staff costs 94,093 94,683 7,863 12,883 114,839 6,989 12,270 113,942 Avera8• number of staff employed durlnB the year wer•:

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Hlnde Street Methodlst Church 8 Investments The Investments that support the various funds of the church are held by the Trustees for Methodist Church Purp05e51TMCPI In the Central Flnance Board Managed Mixed Fund, and on deF)OSit in the Trustees Ir)terest Fund. These a regarded as medium to long term investments aimed at a balance between Income and capital growth. TMCP is the legal owner and Custodian Trustee of all Methodlst Model Trust property. includlng LeEacies, Endowments and Accumulated Funds. Trust property Is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing guidance and acting undertheir direction, the Managing Trustees comply wlth charity law and Methodlst law and pollty as detemiined by the Methodist Conference. Analysls of 5nvestment rnovements Thls year Last year Change In Investment values Carrying lmarket) value at beglnning of year 140,150 146,366 Add: additions to investments at cost Less: disposals at carryin8 value Net 8ain/llossl on revaluation 10,843 16,216) Carrying (market) value at end of year 150,993 140.150

Analy515 of current assets Th1$ year Last year Debtors and prepayments Sales led8er 47 339 Accrued income {Glft Aid refunds and grant receivable) West London Mission Circult 33,000 18,000 Other debtors 5.666 Total debtors and prepayments 38.713 18,519 Analy515 of cash at bank Bank balance held In HSBC 25,OCX) 23,546 Petty cash and prepaid card account 125 1,917 Total Cash and Bank 25,125 25.463
Analysls of current Ilabllltles Trade Credltors 4,245 20,040 West London Misslon arcult 56,803 55,568 Other Credltors 16,181 11,579 Total Current Llabllltles 77,229 87,187
Capital commltments and contln8ent Ilabllltles There were no capital commitments or contingent liabilities at 31 August 2024.

Hlnde Street Methodlst ChuT¢h 12. Detalled anaty515 of Indlvldual fund movem•nts Unrestrlrted Funds Fund Name Openlng Balance Income Expendlture Transfers Revaluatlon galns/losses aosing Balance Maintenance & Extension Fund 104.024 388,044 1407.260) 10,843 95.651 Totals 104,024 388.0 1407,260 10,843 95,651 Oeslznated Funds Fund filame Openln8 Balance Income Expendlture Transfers Re¥aluatlon gaInl055eS Closlng Balance 19Tha er St Dllapldations 16A Hinde St Dilapidation5 Ellls lega - accum. Income Swlndells legacy 38,133 82,316 517 1,462 1911) 11,592) 38,684 80,724 562 60,480 45 60,480 Totals 120.966 61,987 {2,5031 180,450 Restrlrted Funds Restrlrted Fund Name Openlng Balance 3.406 5,410 Income Expendlture Transfers Revaluatlon 8alns110sses Closln8 Balance Wlnter Night Shelter Wednesday aub Hardship Fund Growth Plan 3,406 4,116 500 6,464 500 2,240 9,204 (7,758) -2,240 19,9981 Totals 8.816 8.022 Reasons for transfer between funds

Name of Church HINDE STREET METHODIST CHURCH No......1134023..... Declarations and Scrutiny I confirm that these accruals-based accounts for the yeaT to 31 August 2024 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees. Signature of treasurer................... Name and address of treasurer . .Gordon Slater, 2A Oxford & Cambridge Mansions, London..............................,..... PostCode...NW15EB.,. .........,. Presentation to the Church trustees I confirm that the annual report and accounts for the yèar ended 31 August 2024 were presented to the meeting of the Church trustees held on . .10 Nov8mber 2024.............. Signature of the Chair of the meeting: Name of the Chair of the meeting: . . Rev Peter Cornick.. Date . l y n ZDz< Independent Examiner's Report to the Trustees of the ..HINDE STREET METHODIST..............Church Charity Number...1134023........... Responsibilitles and basls of report I report to Ihe trustees on my examination of the accounts of the Hinde Street Methodist . Church for the year ended 31 August 2024 set out on pages .1 to lo. As the Church's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Church's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. delete or circle as appropriate

Nameofchurch." Hinde Streetmethodistchurch..................................,,........... No: 1134023 Independent Examlnerfs Statement The Church's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of Association of Chartered Certified Accountants. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Act. or the accounts do not accord with the accounting records; or the accounts do not comply with the applicable requirernents concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view, which is not a matter considered as part of an independent examination the trustees, annual report is not consistent with the accounts 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 accounts to be reached. I have obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Chuich which are individually in eXsS of £10,000 (ten thousand pounds) at the balan sheet date. Signature of independent examiner Name of independent examiner Ovcme Relevant professional qualification of independent examiner fccrt Name of firm (where appropriate) Address *¥frPsYA Post Code &u3 IN4 Date i?

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Analy515 of current assets Th1$ year Last year Debtors and prepayments Sales led8er 47 339 Accrued income {Glft Aid refunds and grant receivable) West London Mission Circult 33,000 18,000 Other debtors 5.666 Total debtors and prepayments 38.713 18,519 Analy515 of cash at bank Bank balance held In HSBC 25,OCX) 23,546 Petty cash and prepaid card account 125 1,917 Total Cash and Bank 25,125 25.463
Analysls of current Ilabllltles Trade Credltors 4,245 20,040 West London Misslon arcult 56,803 55,568 Other Credltors 16,181 11,579 Total Current Llabllltles 77,229 87,187
Capital commltments and contln8ent Ilabllltles There were no capital commitments or contingent liabilities at 31 August 2024.