CHURCH RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Southgate Methodist Church For the Year ended 31 August 2024 Enfield Circult Clrcult no 35134 Registered Charity - Charlty Reglstratlon number 1134051 HMRC Inherltance Tax and Glft Ald number XT33944 Minister: Revd Paul Weary Church Stswards Verona Cosco Merline Grizzle Stella Sarkodiah ela Lun Treasurer Brian Ball
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Southgate Meth¢)dist Church Unrestricted Restricled Totals this Funds Funds year Totals last SECTION A ear RECEIPTS Note a2 Offerings Gift Day Tax reclaimed 45,297 46,297 37,812 4,541 a2a 1,627 1,627 a2b 8,604 8,604 19,634 6,176 a2c Church Groups l Donations TMCP and CFB interest 7,641 1,527 9,168 1,208 78,359 1,515 145,776 1 .208 1,148 82, 709 1,514 153,534 Lettings Other receipts TOTAL RECEIPTS 78,359 1,515 144,2fJO 1,527 la7 SECTION B b1 PAYMENTS b2 Circuit Assessment (65,000} (6S,0001 81,250 b3 Donations b4 Repairs and Maintenance Caretaking, Utilities, Insurance Refurbishmentlmajor Items Other payments TOTAL PAYMENTS (13,272) (65,161) (2,167) (6,101) (1 $1,700) (13,272) (65,1611 (2,167) (6,101) (151,700) 6,418 b5 92,919 b6 b7 5.383 185,968 b8 (b9} SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR la7-b8) (7,4501 1,527 15,924) (32,434) Total fijnds brought forward from last year c2 28,610 28,610 (c6) 60,414 ¢3 Sub totsl (c1+c21 21,160 1,527 22,686 27,980 Transfers and adjustments. (130) {130) {c7) 630 ¢5 TOTAL FUNDS AT END OF YEAR <c3+c4) 21,030 1,527 22,556 {c8) 28,610 (c61 SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS (these amounts are not to be included in tolal receiptsipayments figures Above) d1 Balance brought forward from last year 329 525 d2 OfferingslGifts - re¢eived for eernal organisations 1,192 245 d3 OfferingslGifts - passed to external organisations 1,326 441 d4 BALANCE STILL TO BE PAID (d1 +d2-d31 196 329 C.hur¢h R and P 2014.xlg 2of5
Southgate M•thod15t Church NT SECTION E Doniuns to Church ¢)her Payment8 NEt Receipl&l Payments oning b8lance8 CloÉing bBlences INTERNAL ORaAN18ATIONS Receipts e1 Parent ants T(dler Grou 1,806 1.527 281 83 88dmin ion 1,260 1,250 Glrls Bri 8de 1.069 1.D69 Monda Table Tenni8 I,2 1,952 È1 Group 78 Sub loial of Iniemal Organis8tion$ funds 349 e1 5.008 14 7291 1.501 1•141 1.$01 e1 Church accounts 146,778 1161.70CtI 5,924 130 1¢71 28.810 22.668 è1 CHURCH 150,786 4,729 11S1,9811 TOTAL QTH8R PAYMENT8 6,B281 30.111 24.067 TOTAL RECEIPT3 TOTAL OONATIONS SECTION F OPÉNING BALANCES ¢LO$INO HALANCES CHURCH. FUNDS HELD at 31 Au st 2024 Cash In hand Bank Curr8ni Account 14,822 1,642 Restncted Funds 143 143 f4 Centtal Finance Board 929 8,055 Trustees lor Meth¢di$t Church Pu 12,716 12.716 Other ndS SUB TOTAL. Church accounts 28,910 c8 Toi81 funds heid ty irtiernal OrganiE8lions Ilhe ckn51ng baiarTC* lotai irom abcAol1È151 f,SQ1 el5 TOTAL CASH FUND¥ HELD BY CHUR¢ 24.067 SECTION G Al 31 August 2023 Al 31 Augu8t 2024 OTHER ASSETS and LIABILITIES Inveslmeffls inGlude EndtrMnent$ Land & Buildin See note8 re In&urnnce value 3.037,000 3,037,000 Cxher A55et8 Loan - ahV arnounl ou15t8ndin ai ear end other Liabilrtit6 14 Inciude Mly Funds heifj 81 the CÈntral Financè Bts8F t51n¢lude only Funds held ai Trustees for IAglhtsYLs1 Church Purp05e5 91 Include any other InlMentS (not the Gesh element ol TMCP trusts accta thi¥ v6 ioduded in Ilne1S1 PJlOQ014 (1vJrthR•rdP 3ofS
DECLARATIONS Treasurer l confirm that I have prepared the accounts from the records ofthe Church and that they include all material fund8 under the control ofthe Church Council Signature of Treasurer Date Name Jeremy Brian Ball Address 6 Lucerne Close, LONDON N13 4QJ Presentatlon to the 'Church Councll for approval. I confirm that the Accounts have been presented to the Church Council on 3rd June 2025 and were approved subject to Independent examination. Signature of the Chair of the meeting Name ofthe Chair of the meeting Rev Paul Weary Date RM012012 church R and P.xl$ 4of5
SOUTHGATE MEfHODIST CHURCH 2023-24 Annual Report to the Charity Commlsslon Aims and Pur Southgate (The Bourne) Methodist Church Council has authority and oversight over the whole area of the ministry of the church, including the management of its property. Its responsibilities include the determination and pursuit of policy and the deployment of available resource5. oses Ob'ectlves and Actlvlties The Church Council is committed to enabling as many people as possible to worship at the church and to become part of the church community. The diversity of our congregation is an indicator of the diversity of the wider community the church serves. The Church Council has considered the Commission's guidance on public benefit and the specific guidance on charities for the advancement of re5igion. In particular the church aims to enable people to live out their faith as part of our church through worship and prayer that is thoughtful, relevant to the situations both of those who attend and of the wider world, and rooted in the goodness of God; nurture and learning that develops understanding of the gospel and knowledge and trust in Jesus. service that provides hospitality to community groups, runs groups that are of community benefit, and takes an active interest in the affairs of the community; mission and evangelism that promotes the good news of God in Christ Jesus and encourages others to consider the call to discipleship. To facilitate these aims it is important that the church maintains the fabric of its building and the funds to enable it to do so. Achievements and Performance Worship and prayer The church offers a range of services over the course of a year that enables people to worship God and follow Jesus. Our Sunday mornin8 worship is the principal gathering with a monthly pattern that includes the celebration of Holy Cornmunion and allows for the introduction of children into the worshipping community through our Sunday Club. It has been good to welcome new people during the year and to maintain a strong worshipping community. As well as the regular services, the church enables the community to celebrate and thank God at the milestones of their lives. Nurture and learning The Sunday Club remains active, though small, and the children are involved along with members of the Girls, Brigade in sharing worship leadership during All-age Worship. For adult study and learning there is a weekly Faith Studies group. The whole membership of the church is cared for by a system of pastoral visitation.
Servlce The church premises are extensively used by the local community with over 1000 people a week attending classes or groups. These include a Monday-Friday Day Nursery; Sing and Sign for small children; Ballet and other dance classes; Zumba and other exercise classes; Singology; Age UK groups. and an Alzheimer's Sing for the Brain Group. The church supports children and young people's uniformed organisations and runs a diverse multi-cultural, multi-faith and some no faith Parents and Toddlers Group of around 30 families, as well as a variety of social and fellowship groups. Mlsslon and evangellsm The church welcomes people of all ages and a number of new people joined its activities during the year. We give strong support to Methodist charities including Action for Children (Afc), and Methodist Homes IMHAI, aswell as a number of local, UK-wide and world-wide charities including the local food bank, Age UK, the Alzheimer's Society, and Christian Aid. Wlder relatlonshlps The church is part of the Enfield Methodist Circuit and five members of the church are elected by the Church Council to be part of the Circuit Meeting, the circuit's managing body. Property and finance The church exercises its responsibilities as managing trustees through regular meetings of the Church Council and the Property and Finance Committee. Reserves policy The church reserves should ideally cover six months of total expenditure, including additional funds for anticipated maintenance and repair costs. However, income was seriously impacted during COVID and rising energy costs have increased our expenses markedly. Continuous fundraising efforts are in place to restore our reserves to these levels. Volunteers The church relies heavily on the contribution made by those who give freely of their time and skills to make the church a vibrant and lively community. Structure Governance and Mana ement The governance of each Methodist Church is set out in the Connexional Practice and Discipline of the Methodist Church. The membership of the Church Council consists of those who are ex-officio such as the Church Stewards, the Church Treasurer, and the Church Council Secretary, those elected as representatives by the General Church Meeting, and others appointed by the Church Council to represent the church's various activities. The Church Council is responsible for making decisions on all matters of general concern and on how church funds are spent. Other committees of the church such as Pastoral, Mission, and Property and Finance regularly report to the Church Council. Admlnistrative Information Southgate Methodist Church is situated on The Bourne, Southgate, London N14 6RS. The Church Council is a registered charity, number 1134051
Church Council members who served for the full period of this report to 31st August 2024 are:_ The Revd Paul Weary Mr Brian Ball Mr Colin Barratt Mrs Ann Collard Ms Verona Cosco Ms Katharine Farnharn-Dear Ms Merline Grizzle Ms Lucy Hallworth Mrs Angela Lun Mrs Helen Lunn Ms Amanda Martin Mrs Stella Sarkodieh Mr Geoff Webb Mr Colin Williams Mrs Diana Williams Approved by the Church Council on 3 June 2025 and signed on their behalf by The Revd Paul Weary