CHURCH RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Southgate Methodist Church For the Year ended 31 August 2025 Enfield Clrcult Clrcult no 35134 Registerèd Charity - Chailty Registration number 1134051 HMRC Inhèritsnce Tax and Gift Aid number XT33g44 Minister.. Revd Paul Wear Church Stewards Vertsna Cosco Bèrnice Kone Stella Sarkodieh ela Lun Jessca Sarkodieh Treasurer Brian 8all
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 SouthgatÈ Methodist Church Unrestricted Restricted Totals this Funds Funds ear SECTION A RECEIPTS Offerin Totals last ear a1 a2 40,824 2.658 40,824 2,658 45,297 a2a Gilt Da 7.627 a2b Tax reclaimed Church Grou s l Donations TMCP ènd CFB interest Lettin 7.979 8.604 a2c 25,132 1.275 92.560 1.622 172,049 1,383 26.515 9.168 1.208 78.359 1,575 145,778 a4 92.560 1,622 173,432 a5 Other receipts TOTAL RECEIPTS a7 1,383 la71 SECTION B PAYMENTS Circuit Assessment Donations Rèpairs and Maintenance Caretaking, Utilities, Insurance RelLJrbishmenVMajor Items Other payments TOTAL PAYMENTS b1 b2 170.0001 170,0001 b3 (65.000) b4 19,5691 170.7661 11.3991 14,6801 1166,4151 19,5691 170,7661 11.3991 14,6801 1156,4151 bs (13,212) (65, 161) (2. 167) (6, 107) 1151,701) b6 b7 Ib91 SECTJON C NET RECEIPTSIPAYMENTS EA a7.b8 15,634 1.383 17.017 Total fvnds brougm forward from last year 22.413 143 CS 28,480 Sub total c1+c2 38.047 1.526 39,573 22,556 Transfers and ad'ustments. TOTAL FUNDS AT END OF YEAR Ic3+c41 38,047 1.526 39,S73 Ic81 22,556 IG6} SECTION D FOR INFORMATION ONLY.. MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS (these amounts are not to be included in total recei t51 ayments li ur¢s above Balance brought forward from last year 196 529 orrerin sIGifts- receNed for external or anisations 1,096 1,193 OfferingslGifts passed to extemal organisations 511 1,326 BALANCE STILL TO BE PAID (d1 +d2-d31 781 196 I'lh R P ?Dl J,¥1 2tsf5
M•iho&tthurtth RY CHURCH ACCO NTSAND IN IIAL OR ANI RE GTOTH RCHC SE¢TrON E INTERIIAL ORGANISAllONS Donahon¥to CfvJrth Rr•i Nal Receipi rts UbXthIt¥ PaiÈn1 andTodO1 Givu 1.383 70 83 ron Gifl l.ot 1 055 •8 TthTennpA 250 2$0 ¥49 SublotAI ol Inlqmal 0181nI IvDds 4.6J7 70 Church 4eraunts 173,411 101.41J 22,666 J9.673 ¢B CHURCH 178.04D 4,EJ7 156,245 TOTAL OTHÉR 24.057 41.014 TOTAL RECEIPTS TOTAL OONATIONS SECnQN F CHURCH- CA9H FUMD8 HeLD 1131 A OPENING BALANCES u•¢ 2024 ¢LOSIM BALANCE8 8lln Curr•ni he¢ouni Rni14¢a Fuffld• 8.055 25.J91 Tiu$tDll¥for Mhdl ChuFen p SUB TOTAL. ChMr£h iC¢Oun fLMol Ill1 • by In1.rnlll Ilh• e 7J •1S TOTAL ¢A8H FUNDS HELD 8YCTrIURCH $ECTKJN G At JI Auyult OTHER AS8EYts LIAthLines Jl Augul In¥a6imrynlB • nc4•irq 3.037,ODa J.037.oriJ h•1 A•thi Lpani• ren Olh•F 15 In0• only Fundi al for Mèthlldl•i ChuT¢n Purp05e• gi •nyOthBrnlIrnI1 Irth•ca¥ rymBntolTIICP Iiu4L% thlBI• In¢krdtdin 151 3d5
DECLARATIONS Treasurer I confirm that I have prepared the accounts from the records ol the Church and Ihat they include all maleiial lunds Lmd8r the control of the Church Council Signature of Treasurer Date Name Jeremy Brian Ball Addre88 6 Lu¢erne Close, LONOON N13 4QJ Presentation to the 'Church Councll for approval. I confirm that the Accounts have been presented lo the Chur¢h Councll on 1 Oth JL4ne 2026 and were approved subject lo Independent examination, Signature of the Chair of the meeth'ng Name ol ihe Chair ol Ihe mèeting P•ul Wtrary Date l(>.b.Z RM012012 chureh R and P.xl• 4015
Independent Examiner's Report lo the Trustees of SOUTHGATE l The Bournel METHODIST CHURCH Charity Number 1134051 This Report is on the Church Accounts for the year ended 31 August 2025 Respective responsibilities of Trustees and Examiner The charity's trustees are responsible lor the preparation of the Accounts. The ch8rity'S trustees consider that an audit is not required for this year under section 144 of the Charities Act 20111 the Charities Act) and that an independent examination is needed. I report to the trustees on my examination of the accounts of the Southgate Methorjist Church for the year 31 August 2025 set out on pages P2 to P3. I repon in respect of my examination OY the Church's accounts carried out under section 145 of the Act and in carrying out my examination, I have followed the procedures laid down in the general Directions given by the Charity Commission under Section 1451511bl of the Charities Act. and will st8te whether particular matters have come to my attention. An examinetion includes a rèview of the 3ccountinE records kept by the charity and a co¥nparison of the accounts presented with the records. It also includes consideration of any unusual items OT disclosure in the accounts and seeking explanations from the trustees concerning any such matter5. The proceclures undertaken do not provide all the evidence that would be required in an au(Jit, and consequently no opinion is given as to whether the accounts present a, true and fair" view and the report is limited to those matters set out in the statement below.. THE INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no materi81 mattgrs have come to my attention in connection with the examination. which would give me cause to believe that In any mateiial r8spect'. The accounting records were not kept in accordance with section 7 30 of the Act. or The accounts do not aecord with the accounting records and do not comply with the accounting requirements of the Charities Act I have no concerns and have come aCT08S no other matters in connection with the examination to which attention should be drawn in this report to enable proper underslanding of the accounts to be reached. I have not obtained independent verification ol all investments Wlth the Trustees for Methodist Church Purposes or held in other trusts. bank balances and funds at the Central finance 808rd of the Methodist Church which are individually in excess of £10 0001 ten thousand) at the balance sheet date. Name.. MAR ET ATT Signature.. Relevant Professional Qualification or body.. BCompt- Accounting and Audit Address.. 151 Kingsway, London, EN3 4HU Date: 29 May2026
RESERVES POLICY Report on behalf of Soulhgate Melhodi5t I'church Council) Enfield Methodist I'circuit Meeting) We submit our annual report in accordance with the quireMentS ol the Methodist Conference and the Charity Commission guidance in CC19. liiil We have agreed a Reserves Policy which is sel out overleaf and 15 recorded in the Iruslees, minutes and our AnnLJal Report The Iruslees have established their mission aims taking into account all of the resources available in terms of people. property and money livl We recognise the need lo be accountable as charity tru5tee5 for all the money which omes into our hands and knrill provide further information as required by the GircuiVD151ricUConnexion lill Mission initiativeslprojecls have been C051ed or estimates made of projected future costs which take into a¢couDI the oeeds ol the buildings and the requirements of the Quinquennial Inspeciion Reportls Iv) Our Report 15 attached oveileaf please delete as appropriate To be completed by Receiving Body The Enfield 'Circuit Meeting reiVed the RESERVES POLICY of Southgale 'Church Council Policy accepted and acknowledgement sent to the trustees YES Policy noted and the following enquiries made of the Iruslees Responses received and any further action taken 'Enfield Circuit Signatures Pleas? cjelete as appropri8tÈ Date 18 Juna 2026
RESERVES POLICY of South ate Methodist Church {'Church Council) General Funds held at YIE 3110812025 £39,430 Restricted Funds held £143 Endowment Funds held £0 Reserves policy for General Funds To tnaintain and improve our Church and Mission as well as meet our full Circuit Assessment we aim to hold approximately 3 months running costs, i.e. £37,500. COVID-19 depleted reserves and rising energy costs have increased our expenses. Fundraising is actively happening to rebuild our reserves lo this level. All major PaIrS1refrb1$hMent have been pul on hold until reseNes levels have grown. To our knowled e,nomaorex enditure is re uired lo our buildin 5. Polic for Restricted Funds Our restricted funds of £143 is the residual of the Church Benevolent Fund which is used at the Minister's discretion. Temis relating to Endowment Funds held We currently do not have any Endowment funds. This Reserves Policy has been approved by Southgate Methodist I'church Councill Treasurer Trustee Full name Jeremy Ball Full Name Revd Paul Weary Signature SignaluT
RESERVES POLICY a5 at 31 August 2024 G¢neral funds held 39,430 Cash Baiik current account 1,323 25,391 12.716 On dcposil at cfB Ab.%olute discrciic)n trusts h¢ld and managed by 'l'MLP Resti'icted funils helll BenLvoleni FLind 143 143 I iidnwiiicnt fund¥ hel In (?r(li'r lo mxintain And imiirovc our Chui'Lh #ncl Mi4%ion e xiiii Iii liiil(l in reservLs Circuit Asscssm¢nl for 2V25126 72.000 Approxii)iately 3 Inftnths running) Costs Rcfurbishm¥nl Losl5 37,500 On hnld l.ik¢ly major rL'furbisliments over the next 5 years On hold
SOUTHGATE METHODIST CHURCH 2024-25 Annual Report to the Charity Commission Aims and Pur Southgate (The Bournel Methodist Church Cou ncil 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 resources. oses Ob ectives and Activities The Church Council is committed to enabling as many people as possible to worship at the church and to become part of the ch urch commun ity. The diversity of our congregation is an indicator of the diversity of the wider community the church serves. The Church Council has considered the Commi5sion'5 guidance on public benefit and the specific guidance on charities for the advancement of religion. In particular the church aims to enable people to live out their faith as part of our chu rch through worshi p and prayer that 15 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 commun ity 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 Ss 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 morning worship is the principal gathering with a monthly pattern that includes the celebration of Holy Communion and allows for the introduction of children into the worshipping community through oursunday Club. It has been good to welcame new people during the year and to rnaintain a strong worshipping community. As well as the regular services, the church enables the community to celebrate a nd 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 pa5taral visltation.
Service 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; Age UK groups,. and an Alzheimer's Sing forthe 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 3s a variety of social and fellowship groups. The church is pleased to welcome two other Christian group5 to worship on the premises: the Orthodox Community of St Cedd and Potters House Church. Mission and evangelism 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 incl uding Action for Children (Afc), and Methodist Homes l MHAI, as well as a number of local, UK-wide and world-wide charities including the local food ba nk, Age UK, the Alzheimer's Society, and Christian Aid. Wider relationships 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 exercise5 It5 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 f unds 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 contribtjtion made by those who give freely of their time and skills to make the church a vibrant and lively community. Structure Governance and Mana The governance of each Methodist Church is set out i n the Connexional Practice and Discipline of the Methodist Ch urch. The membership of the Church Cou ncil 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 responsi ble 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 reportto the Church Council. ement
Administrative information Southgate Methodist Church is situated on The Bourne, SouthEate, 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 31, August 2025 are:_ The Revd Paul Weary Mr Brian Ba15 Mr Colin Barratt M r5 Ann Collard Ms Verona CDSCO Ms Katharine Farnham-Dear Ms Merline Grizzle Ms Lucy Hallworth Ms Bernice Koney Mr5 Angela Lun Mrs Helen Lunn Ms Amanda Martin Mrs Stella Sarkodieh Mr Colin Williams Mrs Diana Williams Approved the Church Council on IOJune 2026 and signed on their behalf by The Revd Pau ry