Charity registration numbgr 1134D40 (England and Walès) EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) LEGAL AND ADMINISTRATIVE INFORMATION Ordalned Trust••s Revd Dr sten Day (supen1erpknt Mir¥sterl Revd Or Jonalhan {CTrChair Lcndon Di5trct} Revd Faith Nyota {Ch•r of Lorylon LkstrKI) Revd Susan Male Revd Aiay &ngh Removed 31 Aug 2025 Appointed 1 Sept 2025 Clrcull Stgward$ Fleur Halherall Jane H¢)pwith Stephen Sears IciTCLNiTrea5urerl Karen ltehoUSe George Mawh Lay Trustses Removed 31 Aug 2025 Swn(Hi Bhatti Michael Brown Hector Chidiya Sybil Cort>in Samuel ole1 Clwdette Hans Mwtin Kingsnorth George Laffor(I Janet malamalThOmas Hwmash Mah Rcin Masih Derek Matthew5 Brian Kknis SvIa Murray Michael Pidoux Hden psmilh Louise Singleton Vinnette Small Catherin8 Thomas Matthew Whilehouse CalherM lthi1ehIg8 Paul Ihllliams Gtynis Forbes Romic Masih Charfes Wiredu Removed 31 Aug 2025 Appointed 24 Sept 2025 Appointed 3 Dec 2025 APklled 1 Sept 2025 Removed 31 Aug 2025 AppnIe¢ll Sept 2025 Appointed 1 Sept 2025 Appointed 1 Sept 2025 Appoinle(123 Mar 2025 Charfly number 1134040
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) LEGAL AND ADMINISTRATIVE INFORMATION Audltor Nunn Hayward LLP First Fk)or, Sheraton Htxjse L¢)wer Road Ch(KleywotKI Hertlordslmre Uniled Kingdom WD3 5LH Bankers Blay$ Bank PIC 53 The Broadway EaliThJ Lonthn W5 5JS Invèstmont advlsors Centr81 Fiiarte Board ol the Church 9 Bonhil Street Lcffldon EC2A4PE Trusl8es ts mat$1 Clxjrth Purposes Central BuihJir¥Js Oldham Street Manchester M1 1JQ
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) CONTENTS Pagg Trustees. report Slalement of Trustees, responbilItIeS IndeFendenl au(Ilols rer*Yt 8-10 Slalement of ffinarKia activibes 11 BalarKe sheet 12 Slatemenl of cash flows 13 Notes to the financial slatemenls 14-27
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their report and financial slments for Ihe year ended 31 A$1 2025. The Trustees have adopted provisions of the Statement of Recommended Practice ISORPI -Accountiry and Reporting by Charities" IFRS 102> in preparing the annual report fmarkial stalemenls of charity. The finanthal statements have been prepwed in accordarKe with the acLOLmling policies set out in note 110 the financial slalements and compty with th8 Circuit's wvemiro doeumenl, Charitiès Ad 2011 and -Aunts.ng and Reporting by Charities.. Slalemenl of Recc#nmeFKled Prxtice applicable to charities preparing their acco1$ in accordan with Ihe FinarKial ReF¥J1ing StarKlard in the UK and Republic of Ireland IFRS 1021 leffective 1 January 2019).. Oblo¢tlv• The purposes of the edISt Churth are shall be dèemed to have been sinrE the Dale of Union the advancement of.. The Christian faith in awjrdance with the dcinal standards and the diseiplwie ol the Methodist Church. Any charitable purpose for the time of any conne1. L)istrict Cirujil. local or other owanisation of the Methodist Church. Any charitable purpose for Ihe time b8irvJ of any $ety or institution subsKh"ary or arKillary to the Methodist Church. . Any purpose fof the twne beir¥J of any dwrity beiryJ a sthidiary or lIary of the Mdhtsjist Church. The charsty's objective is lo &t as a resou wovider wthin the area arwnd Ealing, West London. for the Methodisl Church. In settiry our objectives and planniThJ our activi118s. Ihe CaAI has carefully consKlered the ctY Commission's ggnaral guKJan¢e on wblic benèfrt. Parli1?Y its Supplement public interest guanCe on advancing our objective5 as set out 8t. Alms and activitiès Ealing frinily Circuit draws rm the Methodist Churc in Brilain's vision as a-disupl&ship movèm8nl equipped for mission" ar¢d works lo priorities taken from"Our Calling" 7Mthin wr kxal context. The Circuit's missi¢)n is to be a p(werful sptiilual in1luen in th8 communty and a vi%ble expresson of Gcds inclusive love. The CircLMt alms lo achieve thi¥ by eneouragiThJ. through Ihe churches in our Circuil, the worship, social and outreach activtties that currently exisl.. seeking rW ways to extend to others fellowship of the Church family,. and Ihrough these lo develop the lrfe of the Cirwl and its churches. Thè Circuit's aims and actNitses WItn the objectives purposes are.. To resource worship in eath of the ch5 arHS CongregatS of the Circuit. induding some online and live.streamed services. To hold worship and social gathemgs for the tKAe Circuit gathered as ong on at least four fxcawns each year. To resource regular evenls to de¥ek faith di5cple5hip. krKJvAedge and practice, including Bible studies and prayer gaIring$. To provide a ministerial staff lo support. orgarnse arKI care fry those volunteers who offer pasloral c within our churches and indeet1 to provide pastal care th8msdves. To offer training in areas such as pastoral care and safeguar(ling. To offer training lo officers, both v(Auntews and ernpknyed. to erble thwr doVebpmI and the practice of their lasks wthin the organis8lion-. To identify missic nee(Is and lo work partners to fulfil them.. To work in partnership with Itxal euJmerNcal. inter-faith. charitable and statutory tmxlies.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Review of Piogress and Achi•v•m•nts Throughoul the ffinanth81 year. the Ealing Trinty Cir¥t had six staff members". Revd Dr Stephen Day, Rwd Susan Male, Revd "aY Singh, Mr Andy Briedey (Circul four day per weekl. Mrs Marcia Pinnook-Roye ICITCLIII Pastoral A5SiStanl. 10 hwrsA¥e8kl and Mr 11 an$ah (Ciramt FInae Offiw. 14 hours porweek). In July 2023, the Cirujit Trustees mase (thfficAAt deosion lo discontinue public services al Pilshanger MelhtKIist Church,. thi5 decision was ratified by the Representslive Synod of the Lcfftdon Oislrict in September 2023. The final, clong service took place in Ocl(thr 2023. Several members of the congregation t$ferred their membership to Ealing Green Church. Se¥eral memtrm continue 10 gather locally each month for a lime of fellowship. Some community activities continue on kyemises. The Circuil Trustees have sought advice from Rapleys about options for len9 or selling Ihe premises. Ythid) e ting actively exFlorèd. Th8 King's Hall Methclist Chureh in Southall dosed in 2013 because rt had become unsafe for public use. The Urdu and Hindi-speakino congregation continues to worship in the aftemoon at Greenford Methodist CMJTCh, %thile members of the Erhglish-speaking ccwregation have Mned otIr Circ1 churches. Several attempts have been made lo redevdop the site lo provide worship arKI community space. bLrt they have been unsuccessbJl. In response lo challenges eTK0unted in preVIc redevelopment attempts. supwl hag been sought from beyond the Circurt. The Circuit is working wth members of Ihe crffinexional Property Team and the London District's Prop8ty Coordinator. The Circuit also s(MwJht advi and guid¥? from 31Ten and Rapleys. The Circurt is grateful for the financial supwt offered by the connexional Fund Property arx1 the District AdvaKe Fund lo enable feasibility work. The Circuit manages a porlfolo of thal Der rented lo gerate income to support the Circuit's Mission and rrniSty. The Cir¢LMI Tru$lees agreed in March 202S lo sell the manse in Costons Avenue. Greenford, which is no longer needed. Alongside weekty SurKlay worship in Clr¢he$, there re <>ccasional joint services. involving tr40 congfeoations, and Circuit services, involwng all congregations. In earfy 2025, feedback was soughl from all conwegalions. In early 2025, feedback was sought from al congregations about nI and Circuit services. These services are valuable as an opportunity lo get to know others in the CireLit. trxrt attendan can be poor due lo various reasons. induding wadical issues such as the availability of paIng and ease of acc8ss by public transport. 11 was sugyesled that there are Ihreo or four Circuit galheriffjs per with some social events as well as worship service5 Weekly £lIne prayer meetings look place in several churthes. iThJudmg Ealing Green, Greenford. lfjThJsdown and Northoll. A weekly Bible study lakes place al Ealing Green Churth. Study groups also tcok place thjring Advent and Lent in cfrwjrths lhroLhJut the CKaJrt. The Circuit has offered IramiThJ lo volunteers for specffj roles. such as Foundation modu safeguarding traininy. Tra#iing about the five 9den rules of b8irwJ a Imstee was offered to Cirtuil Iruslees to ensure they understand Ihwr role. CPyJrch arKI Circuit office hoklers in specifK roles were advised lo cornplele the online Un¢onscious Bias and Equality, Diversrty and InduOn training, as mandated by the Methodist Church bn Brita'n. However, plans are being developed to offer the Equality. Diversity and Indusion Iraining k)cally lo make il me 3cces5ible. Mentoring and tutoring are offwed to petyle In forn1)n a5 Local Preachers and Worship Laaders.. the luloring are offefed to peo in formati as Local PreactheTS aThJ thrship LeIerS,. the luloring are offered lo people in formats'on as Local Preachers and Worship Leaders", the tutoring 15 also offered to Ihosg in the nei9hbouring Chdsea, Hammersmith & Fulham Circuit. Ealing Green Church and Greenford Melhodist Chch part"pate in the emen1[ Ealing Churches Winter Night Shelter Ihltps'.Ilecwns.org.uk4. vthich offers OVernt accommodatKin throughcwt Ihe wnter to up lo 14 guests wouhj otherwise be homeless. Circuit thurthes also support VUlrable local pecyle Jch as by partneruw with the Ealg FOOdba Ihtlps'.11 ealing.foodbank.org.uk4 which supw)rts local people living in lood povety from several bases acros5 the borough. The Welshore CommuThty Hub is a cknarity mov&J lo its n8w bas8 * Greenford Plethodist Chureh when ils fomier venue became unav3iLgtle. Welshore Communty Hub offers support to Itxal people, indudirwj lood provi&on, a coffee morning. a sewing grp and Knit & Natter.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH {35124) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The coffee morning 15 run in partnership Greenford MettrKxJisl Church. several church membgrs volunteer for this and other Welsh¢xe Communty Hits acbvities. Several IcKal churche5. such as Ealing Green, Greenford and Hanwdl, host weekly coffee momings to 8ngage with th8 10(al coMmuny. Thè coffèe mornings al Ealing Green Church involve stLKlenls with leaming dfficulbes to help them Kyepare for work. Circuit churches also host various social gatherings and events lo raise funds for chariis Aclrn Hll Church hosts the Iris Axon Concert Series of dassical MUS concerts. The Circuit's ministers partpate in the bOroUgwi ecumen1 Ixxyy of London Leaders. Circuit chwches also participate in local commuThty eMen1¢al bles. Financial review The circuit prepaies accruals financia stemenls. The Circuit buw is prepared by firsl anticipating expenditu for the forthcoming year and. irb discuwon vAlh the indivKlual churthe5, determining how that sum will be raised. Normally about 70% of the Circuit's Inne comes from the inrK18l drleS the Circurt through an assessment agreed with eath church. The total value of Circuit furKls on 31 August 2025 was £5.557,582 {2024 .. £5.958.764) The Circuit does not use perf0mMI indath to measure'cW' as these are not ap[prIate tho type of acfivilies undertaken by the Circuit. The winci)al Sree$ of furKls are a$$Meni¥ paid ty thurches within the cIrlI and ineon)e from let properties. This iome finCeS ministers. stipends. slaff sries and the wernl rUnrn9 e4)sts of the Circuit Funds held by the orcuit are invested the Tnjstees Methodist Pury)ctses nalionaly in aecordanee with the Sooal investrnent polioes of Ihe MethcJist Chwth. The Circuit received hvo grants in the 2024125 finan(ia year. tth of were given to assess the feasibility of redeveloping the King's Hall Metht)dist Church srte.. £25,000 from th8 DistrictAdvaKe Fund ofthe London Distri £10.000 from the Meth(¥list Fund fot Property. The Cirojil is a member of the Association of ActntantS arKI Treasurers. The repairs and rnaintenance expenditwe thring the year on propety was writtan off and not capita"sed. At not time during t year was the Circurt insolvent dther in lerms of rts assets or in lemis of its ability lo pay 11$ debts as they became due. Rg$grve$ Pollcy The Circuit believes that il shoukl ensure that it ha$ reswves SLthcienl lo cover the stipends nployMent costs of its ministers and other slaff for the ensuirYJ year bul not lo meet any redundancy pay should Ihis be payable. This sum is eslimaled al £211.566 for the next finanaal year. Olher fixed costs of Circuil. induthng the District Levy and Th"stitt Assessmenls, are eimated at £64,650 for an ènli year. The Circuit deems r( prudent lo hc4d suffiuenl to cover these costs for months. i.e. £32,325. The lolal of these possible costs is £243,981. Al the bal8rKe Sheet dale the Circuit h8ld free reserves. as defir by Charity Commission. of £49.435.
EALING TRINITY CIRcurr OF THE METHODIST CHURCH (35124) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Risk Assessment The Circuit Lead8rship Team clyitinues to review regulatory framewyk in svhith the Circuil cperatès and %there rt find$ areas of risk lo the C¥cuit. approwote actK)n is taken to minimise the risk. Prinapal risks and uncertainties- The Circuit carefully rewews ils 1xets and rain9 awarene55 of the b&ts arKI raises awareness issugs across Ihe Circurt. The Circuit continues to review its ¥eMance aThJ management sIrtureS to ensure Ihey are aluned wlh the Circuit's mission and aGlivilies. The Kin9's Hall Methodist Church buikk.ng remains <lerelict thus Se$ pubk"e liability risks. including the risk of occupation by squatters and reputational damage. The Circuit ha5 mitigaled these risks by ensuring regular inspedions of the 5iie and 1Kding putAic liabltty insurance. The Circuit wll continue to explore the potential lo redevelop the wemiges in coming year. altho¢Jgh this carriès financial risks due to the inveslment needed lo expkye cw'ons and ts risk that it may not be possible to athieve the desired redevelopmenl. Sale9uardlng Every person has a value and dignity which Ce$ directty the creab'on of male and lemale in Gthy's image and likeness. Christians see this Folenlia as flled by Gods reueatK)n of us in Clwisl. Among other things this implies a duty lo value all people bearing the image of God and therefore to protect thom from harm. The Ealing Trinity Methodist Circuit commits itself10 ansn9 the iMpentatIon of Nlethodisl Connexional Safeguarding policy," govemmenl legislation. guKlan¢e and safe pracbce in the Circuit and in the churches in support of this. Local thurch and Circurt Safeguarding Officers have ensured thai those rew to Ihe relevant offices Ythin local churches and the circuit have obtsined a DBS discloswe and attended ¢he Foundation mOde Irairn9 offered by the London Districl. Revd Rachd Benth"ng and Mr Pajl %lIarnS ar& qualifi8d to offer FouThJation training within local thurches or across the Cir¢)Jil. Loc81 ehureh Safeguarding Offiws have also been making sure that those who hire our premises a eomFAiant W7th safeguardiry pok'cy aTrJ wadicg. The Ealing Trinity Meth)disl Circuit eommits itsdf to Ihe of sworl. advKe and training for lay and ordained people that will ensure peoFAe are clear aThJ confident atlut their reS and resF4)nsibiliti8s in safeguarding and promoting the welle ol cFu"Idren and adults Vtho may be vulnerable. Plan5 for the future During the year bèginning 1 September 2025. Ihe cIrt intends to f($ on the follthing.' Organisatlon Seek and appcrfnl new Circut Sle¥rards, J8ally one from each church. Mission A comprehensive envisioning w¢xe5s for the Circuit is beiw devekyed. which will focus on IoGal churches reflecting on their current urcumstaeS. engagwig tyth the surf(wding communities and learning from the experience of other ¢hw¢hes a1 Circuits. wlh colleagues in the wJer Mel)dISt Churth aThJ trWOl to exrAcrfe opportun((ies to redevelop the King's HaN Methodist Church 10 in Southl. Dlscipleship and spiritual dévèlopmenl Provide local training about Equalty, t*verfity arnl Ivs1On.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structure. gov¢rnance and rnanagement The Circuit is govemed by the Methodist Church Acl {1976). the Deed of Union {1932) and the Model Trust De8ds of th8 methist Church_ The E81ing Trinity Meth¢Jdist CYcJJrt is registered as a charity111340401. Detailed 9)vernance arrarKJgments we out1wl rythin the c0n5tth.ryE practi and Discipline of the Methodist Church by ord8r of the Annual Conference ICPDI. The C¢)nnexional Office implements de¢isions made by Conlerence and ts algo respeSie the sk10n1ng of presbyters in individual cmjits Connexional decisions are passed lo the Chair of the Dis1r1 and apprcyi8te officrs of the district fcrf retyonal Implementation. The London District passes control down to Circtht levd implementatb)n by the Supwintendent minister. ministèrial staft and arcuil stewards via the medium of the Circiil Meetiro. The membership of the Circuit Meeting is laid do) in Constitutional PractKe and D¢scipline of the Methodist Church. Together the membèrs of the Circuit Meeting we the Managing Truslees of the Circuit. Rolated Pa¥ The Ealing Trirrity Methodist Circuit is port of the Lond thstrict is a150 accowlable lo tho Methodisl Conference. The Ciieuit comprises seven worshippirwJ congregations meetiro in six thurch buildings.. Acton Hill Chwch. Comer of High Stre8t a1 IN)DdlandsAvenue. W3 9BU. IA Methodist Church in a Local Ecumenical Partnership with the Uniled Reforme(J Church) Ealing Green Churth, Ealing Green. V15 5QT. {A UThled Refomiad Churth in a Local EcLMnenical PartnerS"p wlh Unrted Methodist Church) Greenford Methodist Church, Ruislip Road. UB6 9QN. Hanwell Methodist Church. Churth Road. V¥7 1DJ. Kings<lovm Melhodisl ChL¥ch. Kingsdowm Avenue. W13 9PR. King's Hall Methodist Church- Urdu. HirKli aTrJ Punjabi speaking Congregat. meets in Greenford Methodist Church NorthrAI Methodist Church. 240 Churth Road. UB5 5AE. Trustees As sèt out in melhoth.st Standing Order 510 of ConstrfutiI PraCte and DixiFline of the hftethodisl Church, the mernbers of the Ealing Trinity Melhodisl Circut Meeting ar8 the Chariiy Tnjslees. membershy being made up of ministers and CiT¢Urt office hcdders, are auti)malty truslees. Ic43ether vith represenlalives appointed by the local ehurehes. Owing lo the ftunJer of indwidual churches tn the Circtxt and the facl th the majority of Ihe Cirujit Meeting members are those elected by individual chLKches, il is Car that ihe mak8up ofth8 me8ting is subject lo frequent change. There are 29 Iruslees as of 31 August 2025 (2024.. 291. A list of Irvstees is provided in the Legal and Adminislralive Infomation page. Truste•, RN1¢ment. Tralning and Induction Policy All Circuit Trustees undertake the tiairmllg arvj induction of twstees Urj res0ceS provided by the Mèthodist Churth in Britsin and the Charity Commission. Circuit Stewards have special dvties and res[Wll11rtles and reteNe specthc induetion and owing training through the London District. All Trustees in the Circurt and churd)es are enCJrage¢I to undertake further trainirwj n wpwt of their own ministry and the Circuit mainlatyis a Train¥)9 Fund in ils budget for Ihis purpose.
EALING TRINITY CIRcLJrr OF THE METHODIST CHURCH136124) TRUSTEES. REPORT (CONITINUED FOR THE YEAR ENDED 31.AUGUST 2026 Sofaras ear ofth&trt¢ l• ¥4¥airo. thue l• no that hab r•)t b•en to th audttor, aNI gac oflhe INth•# W é¥e8tha¢ al gtepi t•kenlh&t oWt to b••n to m* R•vd Dr 8tsph•n Dyl8w>erlntsA(J#
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH {35124) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST2025 The Trustees are responsibl8 for preparing the Trustees, Annual Report and Ihe accounts in accordance wlh applicable law and United 'ngdorn Accowting Sland¥ds (United Kingdom Generalty Acc8ple(l AceAJunling Praclicel. The law applicable to tharilies in Englano arKI l•lJles requtres the Trustees to prepare accfjunls for each financial year which give a true and fair view of the charitys finarrial activilies during Ihe year and of ils ancIal p0511ion al the end of the yeaf In weparing these accounts, the Twslees are requireil lo.. sdecl suilable occounling policies and then apply them COnstentty', - obseNe the m8lhods and principles in the Charitie5 Stalement of RecommeThJed Practi. - make judgements and ests"males that are reas(ble and prudènl., - slate whether applIle accounliThJ standards have been fc4bwed, subpcl lo any material departures disclosed and explain8d in the )UnIs,. and - prepare Ihe accounts on the w'ng cxjncem basis esS li is inapF(cyiale to kyesume tw the eharily will wnlinue in operation. The Trustees are SpSible for keepiThJ sufficient accowting records that thsctose wth reasonable accuracy al any time the financial positim of the Ealing Trirdty methj1$1 Circuit and enable them to ensure that the financial slalemenls comply wlh the Charities Act 2011, the Charity {Accounts and Reports) ReyLtlalion$ 2008 and the provisions of the trust deed. They are also responsitrAe for safeguarding the assets of the Circuit h8nc8 for lakiThJ r8awable steps for the prevention and delti of fraLKI * otr*r irregularits"es.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EALING TRINITY CIRCUIT OF THE METHODIST CHURCH 135124) Oplnlon We hav8 audrted ts financial slalements of Ealing Trinty cl1 of the Methcxlisl Church (35r241 Ilhe 'Circuil') lor the year en(led 31 August 2025 wch comprise the slalemenl of ffinancial activtties, the balance sheet. the slat¢menl of cash fbw$ and noles to the financial statemwts. induding 5ignifKanl afxounling pOIleS. The finanGial reporting framework that has been applied in their preparabon is appIable law and United Kingdom Accounting Stsndards, induding Financial Reporting Slandard 102 The Finanoal Repothng Slandartl a&wlKable in Ihe UK and Reptsblic ollreland {Uniled Kingdom GenerallyAccepled Accounb"ng Practice). In our opinion. the financial stalemenls". give a true and fair wew of the stsle of the tha[1$ affairs as at 31 As1 2025 and of its Incoming resources and application of resources. the year then end8d.' have teen properly prèpared in aecorde wilh unli Kid0M Generalty Accepted ACCCMIlng Praclico", and have been Kyepared in accordance th the Chwities Act 2011. Basis for opinion We conducte(l our audit in accdanCe wth lntem81lon Slandwds on Audrtwig (UK) IISAS IUK)18nd applicable law. Our responsibilities under those standards are ftI described in the Auditorfs reSpOn"blI5 kjr the audit ol the linanci81 statements seth.on of our reKKJrt. We independent of the Cireuit in aceordee with the ethical requirements that are relevant to our audit of the financial statements in the UK. widuding the FRC'S Ethical Standard, and we have fLAfilled ow other ethical resFwsibllrt in accordan with these requiremen15. We believe that the audit evidence we have obtained is $LnI and apWoW lo provide a basis for opinion. Conclusions rnlating to going concern In auditing the finclaI slalemenls. we have cmdled that the Tnjstees, use of the going concem basis of accounting in the preparation of the financial stslements is apwowiate. Based on the work we have performed. we have not identiw any material uncertainties rela14ng lo events or conditions that. individualty or colectively. may cast signifiwt do1 on the Circuil's ability to continue as a going cern for a poriod of at least 81Ve months from ffinanCI stslements are authorised fiw issue. Our responsibililies and the responybililies of the Trustees respect to going corKern ¥e described in the relevant secticms of this r8POrt. Other Informatlon The othgr information comprises the inf0mlati induded in the annu report other than the financial stslemenls and our aud11(S report thereon. The Trustees are responsiNe for the other infom)alion contsined within the annual report. Our opinion the financial slatemwts (k)es Th)t cover other infoTmalTron and we do not express any form of assurance concltNon Ihereon Ow respowbitity is to read the other infom)alion and. in doing so, consider whether the other information is malerialty inconsistent with the finanoal slatemenls or our knoedge obtained in the cose of the audit, or otherwise appears to be materialty nusststed If v idenlfy such matèiial inconsislencies or apparenl material misslalemenls. we are requyed to detemine whether this gives rise to a malerHI misslalemenl in the finarKial slalemenl$ themselves. If. based on the wck we have performed. we cOncde that there ¢s a material misstatement of this other infcKmth"on. we are required to ret that facl. We have nothing lo rep)rt in this regard. Mait•rs on which wo ar• rnquired to rnport by eXPIlon We have nolhv)g to reFQrt in respect of the folowing matters in relaOn to whth the Chartties IAccoLmls and Reports) Regulations 2008 requires us lo report to you if. in cMJr opinion. the tnfcmalion given in Ihe fmanual statements ts inconstent in any material respect with the Trustees, report. or SLfficient accounting records have nol kept". the finarrial slalements are not in agreement Vith the accountir¥J records.. or we have not received all the infLYmation and exF4analions require for ijur audit.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EALING TRINITY CIRCUIT OF THE MEfHODIST CHURCH (35124) Rèsponsibllltl•s ol Tru$t•0S As explain8d more fully in the ststemenl of Trustees. responsibile$, the Trustees a responsible for the preparation of the financia slatements and for being satsfied that they give a true and tair view. and for such internal control as the Trust8es dÈtem)inÈ is necessary lo enaNe the prepar81icm of financial statements that are free from material rnisstalemenl, whether to fraLKI or error. In preparing the fiF)ancial statements, the Trustees are responsible for assessing the Circuit's abilily lo conb.nue as a goirKJ (xjncem. disclosing, as applicable. maller5 related lo going concem and using the g(xng c(Mcern basis of accounting unless the Trustees either intend lo cease operations, or have no realistic allemative but to do so. Audltorf$ rè$ponslbllttle$ for the audit of the financial statements We have been appointed as audilor under section 144 of the chariti A¢X 2011 and report in aecotdance Mlh the Act and relevant regulations made w having effect teun(l6r. Our obj8ctives ar8 to oblain feas(ffiat4e 8ssfft ab(wth ththetrr the financlal statemènts as a whole are free from material misslalement, whether due lo fraud or error. arnl lo issue an auditors report Ihal indudes our opinion. Reasonable assurance is a lugh levd of assurance Ixjl 15 IV)t a guarantee that an audit cL)nducted in accordance with ISAS {UKI wll always det8Ct a material misslalement th il exists. Misstatements can arise from traud or error and are considered material rf. in(tivialty (Y in the aggregate, they couk1 rea$ablY expected to influence the economic decisi$ of users tskon on Ihe basis of Ihese ffinancial $t8lements. Irregularities. induthng traud, are instances of non•comph"arKe wrth laws and regulalions. We desiw procedures in line wth our responslI1bes, outlined al)ove. to detect material misstalements in respeet of Irregule9, induding fraud. The exient lo which our procedLKes are capable of detecting i[81t1es. induding traud. is detailed below. Extonl lo whlch the audit was considered capablg of d•torting Irrggularttl•s. Includlng fraud Our approath lo idents'fyir4J and assessing the risks of merial misstaiemenl in Tespect of irre9ularilTres. induding fraud and non-compliance with laws and re9atmIs. Wès 86 fdk>ws'. the engagemenl partner enswed thal the eNJagemenl leam ciAlectively had the appropriate competen. apabilities and skills to identify or rectsJnise non-compliance with apable laws and regulations., and • we identified the laws and regatIOnS applicatAe lo the charity through communications with the Trustees and other management. an¢J from our knedge awKI experience of the sector.. and • we focused on specific laws and rewlations whith we con&dered may have a direct mateiial effect on the finanryal slalements or the operatic5 of the chrtY. the Charib'es Act 2011 a1 laxalion and employment legislation.. and • we assessed the exlent of compliare V•ith laws and wulations KJents"fied above throLNJh making enqLMries of management.. aThJ • identified laws and regulaticms wwe (xKnmLmiCated within the a1 team and the team remained art lo instances of non-complrance Ihr(KJgtKKrt the arrt. We assessed the susceplibity of the tharity'5 firTrarKial statempth lo mat¥al misstatement, including obtaining an underslan<l'ng of hcwl fraud might occur. by.. making eN4uiries of management a5 to where they considered thero was susceptibilty to fraud, the knowledge of actual, suspected and aNeged fraud, and considerin9 the inlernal contrS in place lo mitbjale risks of fraud arNI rw)n-wmpkance with laws and regulations. To addre$5 the risk of fraud through managerrenl kn'as ovwride ofo)ntrols. we.. performed alyt1¢¥I proceduws to identify any urwsual unextcted relationshp5', a1 tested journal entries to identify unusual tsara¢t$", and investigated the rationale behind sigNficanl uwsual trans4$.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EALING TRINrrY CIRCUIT OF THE IAETHODIST CHURCH (35124) In respcSe lo the risk of irregularities and norpc(¥npl'anee tAfjth lws aThJ regulatic, we designed procedures which included, bul were I1 limited lo.. agreeing finanual slalemenl disdosures to thderlyry SUFwts'n9 d¢xumentatKin,' and enquiring of management as lo ual arKJ polenbal lrtigal)n and claims.. and . readin9 the minutes of meetirvjs of the board of twslees. There are inherent limitalions in our audit wocedwes described above. The more removed that laws and regulations are from financial trsa10nS, the less like it is that we would berne aware of non-compliar)ce. Audiling standards also lirnit the audil procedu$ required to identify n•complian with Laws and regulations to enquiry ol the membèrs aThJ managemenl arKI the ins&dw)n of regubatw and begal correspondence, rf any. A fijrthèr description of our responsibilities 15 avalatAe Ihe Fnancial Reporting Councl's websitè at.. htlpsjl www.fr¢.org.uklauditorsrgsponSi.lI1les. This deSCriptK fomis pwl of our audilorfs re Usg of our report This report is made solely to the charity's trustees. as a boty, in accordance ¥th Part 4 of the Charilies (Accovnls and Reports) Regulab"ons 2008. Our a111 work has been underten so thal wo mwJhl stsle to the charity's Iruslees those mattèrs we are required to slate to them in an aKlrtor's ret for no olher purpose. To the fullest extent permitted by law, we th) not a¢cgPt assume responbIlIty to anyone otlw th Ihe charity a)d the charity's Iruslees as a body, our aLJil vrtxk. for this rew1. or for the opinN)n5 we have formed. Nl¢hola$ Corden ACA (Senior Statutory Auditor) For and on behalf of Nunn Hayward LLP. StslutoryAudrtor CharteredAceounlants First Floor. Sheraton House Lower Road Chorleywood Hertfordshlre WD3 5LH Uniled Kingdcrfn 26 Nunn Hayward LLP is eligible for app(xntmenl as auditor of Ihe Circurt by Virtue of its eligibility for appoinlmenl as auditor of a company under sects"c 1212 of the Comp8niesAct 21X 10.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted R•$trlclod funds funds 2025 2025 Total Unrestricted Restricted fvnds funds 2024 2024 Total 2025 2024 Notes Incom• and •ndowm•nts from: Donations and legae4es Charitable activities Other trading acti¥tti8S Investments Otr income 50.678 50.678 200.058 24.716 129.749 156 2.420 250.966 75.000 77,420 250,966 200,058 24.716 129,749 J56 137.926 28.992 137,926 26,992 Total Incom• 354,679 50.678 405.357 418.304 75,000 493,304 Exp•nditur• on: Charitable activities 425,847 31.141 456.988 593.537 593,537 Total •xpéndlture 425.847 31.141 456.988 593.537 593.S37 Net gainsl{lossesl on investments 15 1349.551) {349.551) incomellexpondlturnl and movement In funds (420.719} 19.537 (401.1821 (175.233) 75.000 1100,233) Reconclliation of funds: Fund balaTKes at 1 September 2024 5.870.518 88.246 5.958.764 6.045.751 13.246 6,058,997 Fund bal•nces at 31 August 2025 5.449.799 107.783 5.557.582 5.870.518 88.246 5.958,764 The statement of ffinancial activities indudes all gains and losses recognised in the year. All Irome aThJ expenditure derive ffom conth'ThJiThJ aclivilies. 11
EALING TRINITY CIRCLJIT OF THE METHODIST CHURCH (35124) BALANCE SHEEr AS AT31 AUGUST2025 26 TgIble a88415 17 1.029.414 4.370,950 1.031.519 4.no.5 5.4CQ.364 5.752.020 5.718 55.756 170,730 51.780 65.827 180.947 Irh¥•BfvtBth TUCP C46h at bank hw 278.5J4 y•r 74.988 71.790 157,218 206,744 5.557.W S.958,784 Th• fvnd ofth• Ctrcull 107.n3 698.754 88.246 1,109,402 Fund 55.756 4.095.289 85.827 4.695,289 5.557.582 5.958.764 The financla ty tsTntees (ffi..l.tl¢AA2e -12-
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Nots$ Cash flows trom opèratlng a¢t6vltl•s Cash absorbed by operations (130.3101 1290,3801 Inv8$tlng a¢tivitio$ Purchase of tangible fixed assets Proceeds from disposa10118nge fixed assets Proceeds from disposal of imieslments Investment income received (1.599) (T,189) 1.872 10.071 129.749 151,651 137.926 Nèt cash gen•rated from investing activitlos 140,093 282,388 N•t Cash g¢n•rat•d from financlng a1¥11$ Net Incr•asel(d•cr•as•l In cash and equivalents 9,783 {7,992) Cash and cash equivalents at beginniNJ of year 160,947 168.939 Cash and ¢a$h equi¥alents al gnd of year 170,730 160,947 13-
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Ac¢ounting policie5 Charfty Information Ealing Trinity Circurt of the Methodisl Church135J24) is an un¥uwated Charity in England and Wales. 1.1 Accounting conventlon The financial slalements have been prepwed in acccdance wrth the C(s1vtloa1 Practice and Discipline of The Melhodi5t Church. the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. l°FRS 102.} and the Charitses SORP "Accounting and Reporting by Charities.. Statement of Recomrnended Practice aPpIe to ¢hariliès preparing their accounts in aceordènce with the Financial Reportirrfj Standard apFAicable in the UK and RefvxknlK of Ireland IFRS 102}. (effective 1 January 20191. The Circuit is a Public Benefit Enbty as defined by FRS 102. Thè financial statements have departed frcn the Charities {Aecounts and Reports) Re9ulation$ 2008 only lo the extent required lo provide a true and fair view. Tlys departure has involved following the Statement of Recommended Practic8 for th¥ities apn9 FRS 102 rather than the version of the Stalement of Recommended Praetits vthich is referred to n the Rewlah'ons LKrt wthich has Sie been V•4thdrawn. The financial statements we pryed wi stertiNJ, wthich is Ihe ftrticwl currer¢y of the Circuit. mOtsry ounts in these financial statements are rOded to the neares1 £. 12 G¢ing concwn At Ihe lime of approvry the financial Staternts. the Trustees have a reasonab18 8XP8CtatK)n that the Circuit has adequate resources lo continue in operatffial existenee for the foreseeable fvlure. Thus the Trustees continu8 to adopt the going concem basis of accwnling in preparing the financial statements. 1.3 Charitable fijnds Unreslricled funds are available for use a¢ discretion of the trustee5 ID furtheran of their charitablè obleclives ueSS the lund5 have been deswJnated for (Aher PWF•)S Restricted funds are subject to speufic corKlitions by gwtors as to how they may be used. The pwposes and uses of the restricted fuThJs are sel wl in the notes to the finanoal slalemenls. 1.4 In¢orn• Donations and legacies a accounted for vthen entitlement has ten confKmad, the amount w be measure and receipt is probable. The cirlt'S assessments ale accounted for on a receNatde basis.. Vhen the Circuit becomes enlilled to the resources, the tnjslees are VirtulY Certain they wll receive the resource5 and the mcfftelary ¥ae can be measured sufficient reliability. Rents raceived on manses currenty 0CJ[1ed by a Minister and so availatle for lotting are accounted for on a receivable basr&. Grants reCeiVae are induded the relevant C(rllIonS fcff Ihe grant have been met. Investment income is xcounled for on a receivable basis. other irLcome is accounted for on a receivable basis 14-
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountlng pollcies (Contlnuedl 1.5 Exp•nditur• Expenditure is recognised orte there is a legal or constnthe oblatIon lo transfer ecorKmic ben8fit to a third paty, il is probable that a transfer of econom e[lIS will be uled in settlement. and the amount ol the oblallOn can be measured reliably. Expenditure is dassified by &tivtty. The costs of each ivity are made up of the total of dir1 costs and shored costs, including supph)rt costs involved in undertaking each activity. Dire(a costs attribulatle lo a single activity are all(YAed directly to that actiwty. Shared costs which contribute to MO than one activity and support costs thich are not atttibut8ble to a single activity are apportioned between those activrties on a basis consistent with thè use of yesr¢e$. Central slaff $1S are alocaled on th& basis of time spent, and depreciation charges we allocated on the port•)n of the asset's us&. All expenses are accounted for on an accruals basis. This is recognised sthen a liability is incurred. or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are rEcogni5ed as soon as an wtflow of ecOn1C beneffit is consKlered m(e likety than not under the leg81 or constructive obligation committing the Cwcuit to pay out resourees. 1.6 Tangible fixed ass•ts Ld and buildings are stated at cost or in the case of d(ated assets 81 valuation at the dale Itrwl the assets are gifted to the Circuit. The Trustee$ ¢$•dr that the lives of the properties are so long ancl their redUal values so high based on prices prevailing at the time of acquisition t11 Y annual depreoalicffl charge would not be material. Aeo)rdinJy, no depreciation is wvvJe(l on freehold properties used for charitable activitie$. Any material impaim)ent ui the value of suth proFwlw, an annual review. would be thargeable to the Statement ol FinanrAal Acliviti"es. Plani and machinery having an inttial c05t greater than £1.(KK) are caixlalised and stated al cost less depreciation. Depreciation is r8cognised so as to vnite off the cost or valuatKJn of assets less their residual values ovei thelr useful lives on the followg bases.. Plant and equipment 33.33% rethcing balarKe The ga or loss arising on the disposal of an asset is determined a5 the (lifference ben the sgle proceeds and the carryirwJ value of the asseL arKI is iecognised in the statement of fnancial tIVit$. 1.7 Investmgnt piop•rti•s Investment propertS. which are residential Woperl held lo eam rentals aThJlor for pItal appwiation, and which are SLKplus lo staffir4J requirements. are inibally measured al c05t and svbsequenlly measured using fair value mcKlel antl slated at its fair value as thè reporting end dale. The surplus or def1t on revaluation is recognise(l in the Statement of Financial Acttvilies. 1.8 Impalrm•nt ol fixed assets At each reporting end dale, the Cir(JJit reviews th8 cal"n9 amounts of rts tangible assets to determine whether there is any indication that those assets have sulleretl an impaimenl k)ss. If any Such indralion ast$, the recoverable amount of the asset is estimated in order lo detemine the extent of the impairm8nt loss and any impaimienls are recognised in the Statemènt of Finwcial Activities. 1.9 Cash and cash equivalent$ Cash and cash equivalents irKlvde c8sh in haThJ. 0sits held at c1 ¥th bks. other short-term liquid investments th original malurilies olthree morths or le. 1s-
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ountlng poll¢l Icontinupdl 1.10 Flnancial instruments The Circuit has elected lo apY the provisions of Sect 11 'Basi¢ Fal Instrumenls. and Section 12 'Olher Finanaal Irtstrumenls IssLS' of FRS 102 to all of its [?101 inslrumenls. Financial instfumenls a recognised wi the &"reuit's ance sheet wtsn the Circuit becomes party lo the contraclval provisions of the inslrumenl. Financial assets and Irabilrties are offset. with the net amowls presented in the financial stalemenls, when there is a legally enforceable right lo set off the recognised anK)unls and there 15 an inlenknon to settle on net basis or to realse the asset and settle the Iwbihty mullaneW. 84sic financlal ass•ts Bast¢ fancial assets, include debtS and cash and bank balances, are initially measured at transaction price including transaction ¢$1$ are subsequently carried at amortised $1 using the effectyve interest method unless the artangemenl constitutes a ffinancing transaction. where the Iransaclion is measured at th8 pSent vae of the lutwe reeeipts discCMJred at a Maet rale of inleresl. Financial assets classified as receivable within one year are not amortised. Basic flnan¢ial liabilities Basic financial liabilities, induding cr1($ and bank kwi$ are iimlialty recognised at transxtion price wless the arrangement conslilutes a ffinancirvJ lrarWct, vlthere the debt instrument is measured at the present value of the future payments distted at a market rale of irbterest. Financial liabilities classified as payable ithin on8 year are not amortiseil. 1.11 Taxatlon Since the CircLMt is nol VAT registered. al inwl VAT bs tharged Wbth the expenses lo whith rt refers. 1.12 Employ•• bonofiis The cost of any unused holiday entitlement is recc*JThsed in the pwl in Ihe employee's seTvi¢es are received. Temiinalion bèn8fi1s are rec(onisetl immeth'alety as an expense the Circuit 1$ demonslrably committed to tefminale the emplOYnI of an employee OT to pr(>vide lerminalion benerrts. 1.13 Retirtrment benefits Slipendiary Circuit Ministers are eligble to icyn the Melhodist MivNSters' Pension Scheme IMMPSI. The MMPS is a fundod defined benefrt stheme maintaned by The Methodist Church of Great Britain. As the Circul is unable to identify its share of the undertying assets and liatililies of tho stheme. Ihe Circuit has laken the advantage of the exemption in Financial ReFrfXting Standard 102 Retiremenl Beneffits. and has a¢counled f its contributions to the scheme 8$ if it were a defined contribution scheme. Tr pensicffl costs for the scheme represent Ihe contribution payable by the Cirrjit irb the year. The ntribUtion rates are sel each year by the Methodisl C(¥rference. 1.14 Grants Grants made by the Circuit from its own furKts are recowised in full al the lime ol agreement or wthen the Circuit accepts that there is a legal or operational ot4igalion to make the payment. the grant is recurrent over more than one year the bala payable in futurè years is treated as a provision for fijlure commitments in the Balance Sheet against the appropriate fund, the provision beiNJ released in futwe Yr$ as instalmenls are paid in aceordan¢e with the originally agreed tem)s. .16.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Acc¢untlng policies (Contlnued) 1.15 Minlstors, manso costs The Circurt is required to provide accommodation for each minisler in the Circurt )d this Is a benefit to the Circuit. Ministers are expecled to occupy the manse provided for them. The Circuit bears the cosl of repairs. maintenance. buiklings insurance. Council lax and water drge$. These figu$ are not separalety dèdared as nefrtS-ln-klnd for ministers as HMRC does rK)I lax these rewpts in the hands of ministers. 1.16 Consolidation The Circuil has denominational regUtory overswt in respect of the w¢yk of the Churches syilhin the CircLMI bui has no legal or operational conlrd of ttrwe Churches and their wveming bodies except in extreme circumstances. For this reason. the financial statements of Churthes vAlhin the Circuit are not consolidated inlo these financial statemts. Crltlcal accounting gstimatos and Judgements In the application oflhe cirnY$ accc4Jnliig pott. the Trustees are required lo make judgements. esiimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales associated a5sumptrons are based on St0cal exp8ri8nce anij other factors that are considered to b8 r81evant. ArAual resulis may dtffer from these estimates. The estimates and undertying assmipborts are on an ong¢iNJ ba&s. Revigons lo accounting estimates are r8cognis8d in the period in the estimate is revised where the revision affects ClY that period, OT in Ihe period of the revision a1 fulure penods *there the reviskon aff8cis both curienl and future periods. The èstsmale and 0$sunpti whKh has a N[Trt Wi5k of causing a material adjuslmenl to th8 f2rrying amount of assets is outlined below. Valuatlon of Inveslmgnt prowty The investment properties at Havdock House, Nffiyt Avenue and Rosemonl Rd were revalued in 2026 lThYependenl Valuers al a tolal vdue of £4.370.950 catIr¥3 a revaluation k)55 of £349.551. Incomo from donatlons and legacies Unrestrlctgd Rgstrkted funds fund$ 2025 2025 T¢Aal Unrestricted Restfictod fvnd fvnds 2024 2024 Total 2025 2024 Donations and gifts Legacies Grants 2,420 2,420 75.000 15.678 35.000 15.678 35.000 75,000 50.678 50.678 2,420 7$.0 77.420 Donatlon$ and gifts Donation from Ealing Green Scouts Donation from 8renthan ladies ehoir 2.400 2.400 20 20 2.420 2.420 17.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Income from donations and l•gacl8S (contInu) Unrestricted R•5tricted funds lunds 2025 2025 Total Unr•str•ct•d Restricted fvnds funds 2024 2024 Total 2025 2024 Legacies Share of legacy- Vera Marston Lega¢y- Eslale of Odette Prosser 75,000 75.000 15.678 15.678 15,678 15.678 75.000 75,000 Clr¢ult assessment Unrestrlctsd Unr•stricted Funds Fund$ 2025 2024 Aeton Hill Metho(list Church Eaing Green Methodist Churth Greenford Methodist Churth Hanwell Methodist Church King's Hall Methodisl Church Kingsdown Melhodisl Church Northoll Melh)th"sl Churth prtshang8r IAeth(Klist Church 25.499 59,539 12.584 52.130 10.000 30.512 9,794 24.002 60.922 22,572 60,000 14.316 28,976 10,412 29.766 200.058 250.966 Income from other trading a¢tNities Unr•stricted Unr?stricted fund$ funds 2025 2024 Non-ch8ritsble trading athvil*s 24.716 18-
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Income from In¥estmonl$ Unrestrtcted Unre5trlct•d fvnd$ funds 2025 2024 Interest Income from investment properlies 7.445 122.304 1 S,471 122,455 129,749 137,926 Other income Unrnstrl¢t•d Unrestricted fund$ fvnd$ 2025 2024 Olher income 28,992 Charitablo ¥¢tivili 2025 2024 Staff costs Distn'cl assessment Expenditure on manses Expenditure on Circuil properties Other expenditure District advance fund Mirnster reloealion costs 213.210 60,357 53,903 104,226 4.442 1,646 200.748 50.000 78.940 160.337 77.058 8.374 3.550 437.784 579,007 Grant fuThJing of activibes {see note 91 4.429 Sharè of support costs (see note 101 Sharè of g¢)VeMan cosls (see note 10) 4.275 10.500 3.934 10.500 456,988 593.537 Analysis by fund Unreslricled fuThJs - general Restricted funds 425.847 31.141 593,537 456.988 593.537 19-
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Grants payabl& 2025 2024 Grants lo inslilul1($- Beyond the Street Acton Hll Church 4.333 4,429 10 Support ¢o$ts •llo¢ated to acti¥it•es 2025 2024 Depreaation Printing, postage aThJ sts1ery Sundry Payroll service TMCP management fee Bank charges Governance costs 1.832 1.126 433 480 214 190 10.500 375 838 1.222 620 10,500 14.775 14.434 Analysed between: Chariiable acts'vities 14.775 14.434 2025 2024 Govomance ¢0sts comprise- Audit fees Accountancy 5.500 5.000 5.000 10,5C() 10.500 11 Net movoment in funds 2025 2024 Thè net movement in funds is slated after Cha[g(cre(*Iing).' Fees payable for the audit of the th¥ity's financial statements Depreciation of owned tangible fixed assets 5.5 1.832 5,500 375
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 12 Trustees The Superintendent of the Circuit, the ollw Presbykn iemaning members of the CLT are considered as Key Managgmenl Personnel. The Superinlendenl chairs nRetings of the CLT and CircLNt Meetings. The Members of the Circuil Meeting are the trustees of the Cireuit. The slipen(Is. employerfs NIC and employerfs pension contribvlions and other exwses of the Presbyters of the Circuit are pabj by the Circuit. The manses are provwjed by the Cwojit and the Circuil matrS the property. The value of the Cwncil Tax and water Charges paid by the Circuit is not disdosed here as HMRC dS not regard this as a benèfft-in-kind in Ihe han¢Js of Ihe minister. Remuneralion.. 2025 2024 Sb"pends of Presbyiers Employerfs National Inrance w1tri11+)nS Employpxs contributions lo a dned benefit pension stheme 93.300 10.932 18.600 87,615 9,288 23,033 122.832 119,936 The reimbursement ofTrustees' expenses vffjre as folkyws". 2025 2024 Travel TelecommunKalions Postage, printing & slabonary Other Training 1.308 5.141 1.280 530 433 910 6,036 1,070 619 966 8.692 9,601 13 Employges The avwage monlhty number of emFloyees during the year was.. 2025 Number 2024 Numbgr Ministers Lay and adminislralive 5tsff Total 21
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 13 Employees (Continued) Employmgnt costs 2025 2024 Slipends Wages and salaries Social security costs Slaff adminislralion costs Olher pension costs 103,389 55,771 17,825 14.569 21.656 87,61 S 58,329 13,064 17,866 23,874 213,210 200.748 were pa to 3 Presbytws during the year. The Circuit eMoyS lay staff invdved fft bothAdmin1strati arKI miss3 wcffk. No nPloyeeS received employee beneffts of m¢xe than £60,OCIJ. There is no aeerual for holiday pay as it is imnlerial: the holiday year ends on 31 August.M staff are wd at or atKJve the liviThJ wage. P•nsions Mo& ordained presbyters aThJ deacons are nMberS of the MetkK)di8t Ministers, Pension Scheme (MMPSI. This is a defined benefrt sch8m8. Tr sUpren Court held in 2014 that Methodist ministers (which term inclujes presbyters and deaKffl$l are rKrt emtAoyees of the Church. For simplic4ty, however. when deang th Nationa Insurance Conlribulion$ and pension ccffjtritxrtifMS. lem)s 'employerf and 'emF4oyee' are used as they woubj b8 in an employmg trN)dy. On the other hand, lay employees are contraciuamy empk)yees of the Ealing Trinity Ciicuil and have the opIK)ns of joining the TPT Retirement SolulK)ns Pens Scheme. This is a defined contribution scheme lo wtrich the Circuit contritHJtes as the empwer. 14 Kw managemenl personnel The Circuit's key management personnel are the ordained minislerial stsff as listed on the legal and administrative page. The onty remuneration they rre direclly from Ihe circuit is the reimbursement Df expenses. Their stipeThYs are pa•J by the National PAetho(knst Church but furHl8d in full by the Circuit and are published in the millutes of the Annual Conference. Circurf Stewards make up the other half of the management team. They work on a voltary basis and only c<casional reimbursement of expenses lolal amount of the employee benelits lincludiry emrAoyer pengon c(tritIOnS received by key management personnel for their services to c[rf¢ was £122.832 (2024.. £119.9361. 15 Galns and lo$se$ on Inveslm•nts Unmstrlctèd Unrèstrlcted funds funds 2025 2024 Gainslllosses) arising on-. Revaluation of investment woperties 1349,551)
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Taxatlon The charity is exempt from taxab.on (ffl its xtsvities b8cause all its Incor is applied for ehanlaLle purposes. 17 Tanglble fix8d assets Froehokl land and bulldlwJ$ Plant and Totsi Cost At 1 Septèmber 2024 Additions Disposals 1.024.705 11.127 1.599 12.106) 1,035,832 1,599 {2,1061 At 31 August 2025 1.024.705 10.820 1,035,325 D•preciati¢Jn and Impalrm•nt At 1 September 2024 Depreciation charged n the year Eliminatgd in respect of disFosals 4.313 1.832 {234} 4.313 1.832 (2341 At 31 August 2025 5,911 5,911 Carrying amount Al 31 August 2025 1.024,705 4.709 1.029,414 At 31 August 2024 1.024.705 6,814 1.031.519 18 Investment propèrty 2025 Fair valu At 1 September 2024 Nel gains or Iosges through faw value adjuslments 4,720,501 1349,5511 Al 31 August 2025 4,370.950 Investment propertles comprise four flats at Havelock House and the properties at 37 and 39 Newton Avenue and 27 Rosemont Road. Th8 Tmstees obtsined an indepèndent professional vakjation for all the investrnenl prop8rt185 In Feb 2026 The valualicrf) has ¢knpped Irom trustees valuation in 2024. As a result, revaluation loss has been recorded. Th8 carrying amount of the investment properties rf valLEd al its Origin cost woukl have been £26,112 12024.. £26.1121. 19 Debtors 2025 2024 Amounts falling due wtthln on• year. Prepayments and accnjed income 5.718 51.760 -23.
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 20 Current asset inYostm•nts 2025 2024 Investmen15 held by Tru51ee5 for Methodist Church Purposes {TIACP) CMTF fund (unrestrict8d)- Trustees Intest Fund 55.756 65,827 The funds that support th& Cirwl Model Tntst Fund are hdd by TMCP in Trustees Interest Funds on vthich inlèresl is credited lo Ihe accounts each month. TMCP is the legal owner and Custodw Trustee of all Methodist Model Trust property. indudiThJ legaaes. Endowmènts and AcaJmLAaled Funds. Trust property is hekj for and on behalf of local Managing Trustees who are reSponsie for the day to day management of tntst property. TMCP ensure that, through providing guidance and acting under their direction, the Managng Trustees comply with charity and MethOdt law and PClicy as dètermined ty the Meth(YJI C(ferenCe. 21 Credltors: amounts falllng duè within one year 2025 2024 Deferred income knruals other trade cre(litors 50,980 24,OC 38.225 33.565 74,986 71,790 Deferred income arise5 Irom Circuit assessments received in advance of the period to which they relate. Rfjtlrgment bgngfft hoM¢S 2025 2024 D•fin•d btnèfrt schemes Charge to wofil or l¢)ss in resped of defi[d benefit schemes 21.656 23.874 Stipendiary Circuit Ministers eligt9 lo the methoth.st Ministers. penOn Scheme {MMPSI. The MMPS is a funded defined b8nèfil scheme maintained by The MèthcJisl Church ol Great Britain %there minisleTs contribLrt8 9.3% of their stipend and the Cirujil 20%. As the Circuit is unable to identify its share of the underlyiThJ assets and liabililies of the stherne. the CircLNI has taken a(fvanlage of the exemption in the Financial Reporting Standard 102 Retirement Benefits. and has aeeounted for its tributIonS to Ihe scheme as rf il were a defined contribution scheme. L8y employees ol the Circuif have the option of joiriThJ Ihe TPT Retirement Solutions Pension, a deffined con1ribLrtn scheme in whKh employees contribJte 6% of their salary arKI Ihe Circuit ctrIbUteS 6%. -24-
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 23 R•strl¢ted funds The reslrieled furKls of chanty comprise the unexpended baL ol donatkjns and grants held on twsl subject to specific nditionS by i)nors a$ to may be used. Incomlng Resources At 31 August Septmber rnsourc expondèd 2025 2024 Benèlovent fund K1-Ftrture 3 generation Manse refurbishment 1.502 11.422 322 75.CKIO 1,502 62,100 322 43,859 50,678 (31,1411 88.248 50.678 31,1411 107,783 Pre¥k) year. Incoming Resources At 31 August SWemb•r r•soure8s expendèd 2024 2023 Benelovent fund K1-Fulure 3 generation Manse refurbisknenl 1.502 11.422 322 1,502 11,422 322 75,000 75.CK)O 13.246 75.cl 88,246 Benevolent lund: Circurt Benevo1 Fund- Support for individuals in Speci need. K1.Future: Kings Hall (K11 Future Churth fwd re[Knts fuTrJs recaved for the re-establishmenl of a church at the Kings Hall site. Manse refurbishmgnt fvnd: Represents the funrs rec*ved the refrJrtishment of the manses -25-
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH (35124) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 24 Unr8strlct•d funds The unrestricted funds of the dwrity eomprise Ihe uxpeThjed balan of donalions an¢J grants which ar8 not subject lo specific conditions by domrs and grantors as lo how thèy may be used. These include deSnated funds whith have been sel de out of unrestI[ed ld$ by u trustees for specific purposes. Included within the unrestricted lunds of the tharify arè funds Ihat support the circ11 Model Trust Fund and are held by TMCP in 8 Twstee5 Interest Fund. on whth interest is dIted lo the accounts each month. Incomlng ResouTces resources 8xp&nd•d Gains and At 31 August losses 2025 S¢ptemb¢r 2024 Circurt Model TNst Fund General funds 169.437 1.005.792 169,437 585.073 354,679 1425.8471 1349.551) 1,175.229 4,695,289 354.679 1425.8471 1349.551) 754,510 4,695.289 Rèvaluation Te$eNe Prnvlous y•ar: At1 Incomlng SW•mber r•sour¢e$ 2023 Resources expended Galns and At 31 August lossos 2024 cir11 Model Twst Fund General funds 217.478 1.132.984 8,893 409.411 1160,5441 1432.9931 65.827 1.109.402 1.350.462 4.695.289 418.304 {593.5371 1,175.229 4,695,289 Revaluation re5erye 25 Analysls of not assets betWn funds Unr8$trl¢l funds 2025 Restricted funds 2025 Total 2025 At 31 August 2025- Tar4Jible assets Investment properties Cvrrenl as$8lsllliabililiesl 1.029.414 4,370.950 49.435 1,029.414 4.370,950 157.218 107.783 S,449.799 107,783 5.557.582
EALING TRINITY CIRCUIT OF THE METHODIST CHURCH {35124) NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 2S Analysis of a$s•ts belwe•n funds {Contlnufrd) Unrèstricted fund$ 2024 Restricted funds 2024 Total 2024 At 31 August 2024: Tangible assets Investment properties Current asselsllliatrmlitiesl 1.031.519 4.720.501 118,498 1.031.519 4.720.501 206,744 88,246 5.870,518 88,246 5.958.764 26 R•lated party transactions None of the Circuil Trustees made donations direct lo the Circuit during the yew or the preceding y8ar. The cIrj Trustees are memtrs of one or ther thurth the Cirwl may be Trustees in their churches. Related parties irtlude Methoth'st cnex)n. the LoThlon Dtstn'd and thurches within the Circuit. other Metho(thsl Districts in Great Britain, the centr Finarte Board (CFB) and TNstees for Melhodi51 Church Purposes (TMCPI. There We no related paty transactwjns in tro Y uThkr revivw olher than those disclosed elsevthere in the notes. 27 Cash absorb•d by oyratk*ns 2025 2024 Deficit the year (401,1821 1100,2331 Adlu$tments for: Investment income recognised in statement of fi"nan(?al activities Fair value gains and losses on inve5tmenl properties Dèpreaation and ¥mpaimienl of tangitde fixed assets (129,7491 349,551 1,832 1137,9261 375 Movemènts in worklng ¢apltal: Decreasel{increasel in debtors IOecr8asellincre85e in creditors Increaselldecreasel in defeffed income 46,042 {9.5591 12,755 147,9041 8.888 113.5801 Cash ab50rb•d by op8ratlon$ 1130,3101 (290,3801 28 Analy$ls of changes in net fvnds The Circuit had no material debt dvritNJ the year. -27-