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'l￿￿h 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
U*bXthIt¥
PaiÈn1 andTodO*1 Givu
1.383
70
83
ron
Gifl*
l.ot
1 055
•8
TthTennpA
250
2$0
¥49
SublotAI ol Inlqmal 0￿￿181￿nI IvDds
4.6J7
70
Church 4eraunts
173,411
101.41J
22,666
J9.673
¢B
CHURCH
178.04D
4,EJ7
156,245
TOTAL
OTHÉR
24.057
41.014
TOTAL
RECEIPTS
TOTAL
OONATIONS
SECnQN F
CHURCH- CA9H FUMD8 HeLD 1131 A
OPENING
BALANCES
u•¢ 2024
¢LOSIM
BALANCE8
8lln* Curr•ni he¢ouni
Rni14¢a￿ Fuffld•
8.055
25.J91
Tiu$tDll¥for M￿h￿d￿l 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 Augu*l
In¥a6imrynlB
• nc4•irq
3.037,ODa
J.037.oriJ
h•1 A•thi
Lpani•
ren
Olh•F
15 In￿￿0• only Fundi al for Mèthlldl•i ChuT¢n Purp05e•
gi •nyOthBrn￿lIr￿nI1 Ir￿th•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 re￿iVed 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 ￿PaIrS1ref￿rb1$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