2020-08-31-accounts

Trustees Report to Charity Commission FYE 31/8/2020

Introduction

This report covers the activities of the Church for the 12m period ended 31 August 2020.

The affairs of the Church are managed by the Church Council (the ‘Managing Trustees’), the members of which are also the charity Trustees. They are responsible for ensuring compliance with the principles and practice of Methodism and with the legislation relating to charities.

The latter includes registration, keeping proper accounts and making returns to the Charity Commission.

Aims and organisation

The Mission of the Methodist Church as a whole is 'to respond to the gospel of God's love in Christ and to live out its discipleship through Worship, Learning and Caring, Service to others and Evangelism'.

In response to this calling and to better equip the local Church to meet those aims, the Church created 8 Mission Teams during 2017 to concentrate on specific areas of our Church Strategy, namely, Caring, Communications, Discipleship, Family and Youth, Finance, Outreach, Property and Worship.

The leaders of the Mission Teams report through a Leadership Team (responsible for day-to-day matters) to Church Council. The Church prepares an Annual Report on its Mission and activities which is presented to the wider congregation annually at the General Church Meeting for member approval.

The approved Vision Statement of the local church (as approved by Church Council in June 2015) is ' to be a church that is known for its Spirit-Led discipleship and its practical care in the community ' and thus the Mission Team structure reflects our calling.

Minister’s report on Church Activities - April 2020

Once again, I find myself writing this report in the midst of huge turmoil and upheaval – this time through something that has come upon us uninvited – a global pandemic.

Again, in a different way we find ourselves caught up in uncertain circumstances that seem certain to impact what it means to be Christ’s Church in the world today. My prayer is that we will draw on what we are and the things that have shaped our journey over the past year to build what we need to be going forward in faith.

As we look back over the past year, I am encouraged by the way London Road continues to engage with its calling to be Christ in this community today. From the many hours of faithful service so freely offered from Sunday services to Wednesday Lunch Clubs, from Prayer Meetings to Messy Church, from Pastoral Visiting to Night Shelter, from flower arranging to Sunday lunches and so many more in-between we are truly seeking to be Christ’s light and life here in Horsham.

Of course, one opportunity for celebration has been afforded us through the faithful service of David & Jane Casey, who together with others in the congregation offer such vital ministry to the Syrian Refugees in our Community. Methodist Insurance has created an award to celebrate volunteers in the Church Community and, whilst David & Jane reluctantly allowed us to put their names forward, we are delighted to celebrate their achievement in being chosen as our regional winners for the Southern & Islands region. The prize that comes with the award is a £1,000 donation to Church funds and so we have been doubly blessed. Their names will go forward for the national award which will be announced sometime in April – perhaps even in time for our General Church Meeting! David & Jane were also given funds to celebrate their award and they have chosen to do so by celebrating with all those who volunteer in all kinds of different ways in the life of the Church. Look out for details and do join in.

One of the more significant aspects of the past year has been in the invitation to join in the conversation about the 2019 Conference Report on Marriage & Relationships: God in Love Unites Us. This is

a far-reaching report that seeks to explore the whole extent of human relating and sexuality with a view to discerning to what extent the Methodist Church of Great Britain might become even more inclusive in its stance on these issues. Here at London Road we engaged with the report over a period of three to four months by making available copies of the report and study guide for everyone; we covered aspects of the report in three different Sunday services; two of these were followed by congregational meetings in the week following the service; all our House Groups engaged with the report over two months; a final congregational meeting was held in November and in January opportunity was given for members to give personal feedback in writing as they wished. The general consensus was that, despite there being significant obstacles for some, particularly in regard to changing the definition of marriage in the church to include same-sex marriage, the report was favourably received and the proposed amendments to various resolutions to enable the church to move in this direction were accepted. We were not asked to express our opinion in a vote, but a report has been sent to the Circuit Meeting and on to Synod. The Conference Report will be debated and voted upon at our Spring Synod and Summer Conference. (At the time of writing both these gatherings are subject to conditions pertaining at the time regarding the Coronavirus pandemic) We will await the outcome of these deliberations which will shape how London Road will be able to move forward in response to Conference decisions.

Another aspect of our life together that I wish to highlight is our ongoing journey in shaping our understanding of ministry and mission in the life of London Road. Last year I mentioned how the Leadership Team, through their engagement with the book The Shaping of Things to Come, had been enthused by the authors’ unpacking of Paul’s five-fold description of mission and ministry in Ephesians 4. Well, the journey is begun, and we will be exploring APEST – what it means to be Apostolic, Prophetic, Evangelical, Shepherding & Teaching – in our endeavours both individually and collectively here at London Road. Rob Pitt and Peter Bramhill got us off to a good start in January and February exploring being Apostolic and in May I will be picking up the threads in terms of being Prophetic and between us we will continue through the

course of the rest of the year to explore and unpack each one. It is my prayer that we will be able to encourage each of you to understand and own your God-given gifts and opportunities to help shape the life of this church so that its ministry reaches out and touches others and draws them deeper into the love and life of God.

Finally, just to say a huge thank you to the Rev Sue Conroy and Philip Reeves who together with the Leadership Team enabled me to have one of my most detached and unaffected sabbaticals in the course of my ministry. Angela and I spent six weeks in South Africa over Christmas, and I followed that up with some explorations in the ’s Enneagram and a six day individually guided retreat at St Bueno in North Wales. It was really good to be able to relax knowing that the church was in good hands both pastorally and from a leadership ’m point of view. Thank you to everyone who helped make that so. I sure there’ll be more to follow as a result of my sabbatical journey so do watch this space!

Report on Financial Outturn

The year-end accounts to 31 August 2020 have been approved by Church Council and Independently Examined.

Standard Form of Accounts (SFA) is the standardised way of presenting accounts to the Circuit and the Charity Commission and complies with the relevant legislation and accounting requirements.

There have been some presentational changes made to the SFA for the year ended 31 August 2020 and these are explained in the order in which they appear in the accounts.

The regular donations made by some people which LRMC then donates to the 3 nominated charities, Mission in Britain and the Fund for World Mission are now shown in the Restricted Funds along with the Gift Aid that is claimed on those donations.

The church has several internal organisations (Wednesday Lunch Club, Ladies Wednesday Club, Parents & Toddlers and Messy Church) that have separate funds which are not included in the church’s bank and deposit accounts. The income and expenditure reported in Note 13 to the SFA are now also included in the

Restricted Funds and their balances at the end of the year are also included in the relevant lines.

There has been the opportunity for some confusion in the past as to how the various pots of money should be classified between Unrestricted Funds, Designated Funds and Restricted Funds.

To ensure clarity, from now on, the

Designated Funds will comprise: Property Development Fund, Memorials Fund, Benevolent Fund and Church Mission Fund Restricted Funds will comprise: Legacies, Regular charity donations and internal organisations

Unrestricted Funds will be everything else apart from the monies for charities and other organisations deriving from retiring collections, events, special collections and funeral collections. For these we are only receiving money as agents for those organisations and it is never money belonging to London Road.

These are reported in Note 8 to the SFA

The Prior Year Adjustment implements this classification, adjusts the brought forward balance to include the internal organisations and corrects some minor errors in the prepayments and debtors and in the creditors.

The other gains and losses are changes to the property value based on the updated insurance assessment of rebuilding costs and an addition of £200,000 for the land value as previously approved by Church Council and as required by Methodist Church guidelines.

The church normally depreciates capital expenditure on the building and equipment over 5 years but we will depreciate the windows over 10 years as they have a much longer life and are guaranteed for 10 years.

Matters to note:

• Resulting from the pandemic we have had significant periods when we have been unable to worship face to face and, in line with Government and Methodist guidelines, have had to cease the community hiring of our premises.

• This has affected the way in which our members are able to make their mission giving but also led to the loss of significant income from hirings/lettings.

• We therefore undertook an extensive exercise with our members to seek and encourage giving by alternative (noncash) means including online methods via cheque/direct transfer and CAF Donate. This has been very successful and sustained the mission giving.

• As a result of an early and critical review of all unnecessary property/hiring related expenses, we have also managed to broadly mitigate the loss of the hiring income contribution to our general funding profile, certainly during the period we remain closed.

• The challenge (for the next financial period) is how we will manage a changed financial profile as we come out of the pandemic.

• Overall, we achieved a surplus of £1,145 v budget deficit £7,938 (before the agreed allocation of 30% letting income to the Property Development Fund (‘PDF’).

• Income - Key positive variation was the known reduction in letting income at £10,942 (budget £18,000) due to the closure. This compares to letting income of £16,527 in the previous year. Overall income for the year was c£10k below budget.

• Expenditure - overall spending was c£19,000 under budget mainly due to planned lower than budgeted property repair, renewals and related expenses incurred in the period following closure.

• Balance Sheet - Following the allocation of 30% of letting income to the property development fund reserve, the overall general fund deficit for the year is £2,455 (budget £13,338) reducing the net worth to £30,137 but still well in excess of the stated reserves policy to maintain 3 months operating expenditure.

• The balance sheet tangible fixed assets figure reflects the valuations following assessment by the Methodist Insurance Company in the previous financial year.

• Sundry creditors, in addition to uncleared payments, relates mainly to retiring collections and donations to be disbursed and Sundry debtors mainly to the prepaid Circuit Assessment for the following financial period and HMRC Gift Aid monies due in.

Risk Management and Governance

Any major risks have been identified and recorded by the Trustees, with professional advice taken, as required. In particular, there is a regular and ongoing review of our Safeguarding obligations by our Safeguarding Officer; of ‘Lone-Worker’ activities and our Health and Safety policy by our H&S Officer. These policies are reviewed and updated every 3 years.

At the beginning of the pandemic, the Managing Trustees set up a Coronavirus Response Group to review, advise, implement and manage all Covid obligations arising from either the implementation of Government guidelines or that of The Methodist Church of GB. This group has reported regularly to both the Managing Trustees and the Leadership Team.

The Church is committed to ensuring implementation of Connexional Safeguarding Policy; government legislation; guidance and safe practices in the Church and Circuit through the provision of support, advice, guidance and training for lay and ordained people so that they are clear and confident to carry out their roles and responsibilities.

Safeguarding

Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.

"Methodist Connexional practice outlines commitment to the following principles:

• the care and nurture of, and respectful pastoral ministry with, all children, young people and adults

• the safeguarding and protection of all children, young people and adults when they are vulnerable

• the establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse.

• We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.

• We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation.

• We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.

• We will seek to challenge any abuse of power, especially by anyone in a position of trust.

• We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult.

• In all these principles we will follow legislation, guidance and recognised good practice"

London Road Methodist Church commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the church.

The Church commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

Reserves Policy

The approved reserves policy during this accounting period was to hold a minimum sum in general reserves equivalent to 3 months' average expenditure or such sum sufficient to meet unforeseen major expenditure on the Church building.

Church Council has agreed that the reserves policy definition and calculation should be reviewed in the subsequent financial period as a result of the financial impact of the pandemic.

Static Information

Full Name of Charity: London Road Methodist Church ('LRMC'), Horsham

Charity Commission number: 1134052

Date of Registration (as a charity): 3 February 2010

Communication address: 41 London Road, Horsham, West Sussex, RH12 1AN

Treasurer: Mr Philip Reeves

Financial bookkeeper: Mr Fred King

It is confirmed that Philip Reeves, as a Managing Trustee, acted as the principal officer overseeing the day-to-day financial management and accounting during the financial year.

Independent examiner: Mr Tony Canvin, 33 Kingmere, South Terrace, Littlehampton, West Sussex, BN17 5LD

Investment Bankers: Central Finance Board of the Methodist Church Trustees for Methodist Church Purpose.

Clearing Bankers: The Charities Aid Foundation ‘CAF’

The previous HSBC account was closed by transfer to CAF after the Independent Examination for the previous financial period was completed and filed.

Church als Accounts 2019-2020 Accr THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS forthe year ended 31 August 2020 London Road Methodist Church, Horsham Registored Charity- Charity Registration number 1134052 Dorking & Horsham Circuit 36 110 Minister: Rev Gavin Ha￿￿$ Church Stewards: Mr Philip Reeves (￿lorI Mr Dawd Casey Mrs Hden Curringt Mrs Etyane Da Mrs Pauline Henshall Church Treasurer: Mr Philip Reeves

Name of Church Circyjit No 36 110 statement of Flnanclal Actlvltles (SOFA) for the year ended 31 August 2020 G•Erdl Fund FurKIs accounts lunrestr1cts￿ (UnrestrK￿ Fund5 ErKk)wrn•ni Total Fund8 2019-2020 Income 1 Offerlngs 2 DonaliMs and Sundry incornè 3 GfftAid 4 Inlerest and investrnent inccne S Income from investment 6 Infrrnal Organi￿lDn$ 7 Letting¥ 8 Total IrKom8 61.826 2243 12.¥20 224 61126 7.919 14,339 433 12 12 1,676 419 209 13 4246 5.796 10.942 101,254 10.942 89.704 Expgnditure 9 Circuit assgssment or 8h8¥8 10 Grants and donations 11 Property maintenance 12 Insuran￿, utilities e 13 Depreciatlon 14 Office 8ynseB 15 Otherexpendrture 16 Intem81 0[ga￿￿atiONS 17 Total charitab￿ expÈThlttw 18 Gainsl(lossesl on monetary investryw 19 Gainsllbss881 on instrnent proFéit 20 Net InCc¥n￿le￿P￿￿1¢YrP) 21 Transfers bets¥een funds Prior Year Fund •Jiustment 23 Other gairtsll1055esl 24 N•t movement In frJrK18 25 Total lunds broughtéorwaTd 62.988 1,175 62.988 3.570 5.688 8￿20 3N95 2,936 7A70 4.884 99,151 12 2,095 3.495 7.470 13 9I036 6,81S £7 12651 (62[￿1 ,174 2.103 12 14 9,13 (20,150) 15,9)5 3.529 328,129 333,761 311.801 3.&51.157 3.881958 I9,￿7 1053 13 24y7 28.925 3.716.430

Name of Church Cir￿lt No 361 Statement of Flnanclal Actlvllles (SOFA) for the year ended 31 August 2019 Funds R¢8trktytt EndtyATment T)tsl Funds Funds 2018.2019 Income 1 Offerinys 2 Donation8 8rx1 $urnlry 3 Grf1￿￿ 4 Interest and in¥estmtt uicf S Income tr(xn m¥estm￿l 8 Internal organL%a¥th 7 Leltirys 63,239 1202 12,444 12.444 225 l692 18.S27 97.638 16,S27 97.413 Expenditur• 9 Circurt assessrnerrt ￿$hOre 10 Gr8nts arvJ donations 11 Propety rnaintenan 12 InsuraTh, ub￿tieS 13 Depretyabon 14 Office expen8e8 16 Otherexpendure 16 Intemal org8nk88ticfis 17 Total chafftable expehdNu 18 GaIn￿O0&Se&l on mor¢w irNestrfi 19 Gairtsloossesl on irNestrnent proFerf 20 Ntrt In¢omdl¥pnditurl 21 Transfers belww funds 22 Pnor Year Fund adjustrTr￿t 23 Othga￿￿1(￿S5esI 24 Notmovemont In fur 25 Total funds broughtforwJrd 26 Totsl fvndsothed fowrd 8.090 1S.528 311 389 10.S63 15,528 311 5.369 10.514 49 101.860 101,909 1444n 176 (2.2021 28.898 1{2711 14.6701 155.7011 IW3711 65,011 4640 248n 3.321.929 &351.157 3.386.940 3.382.669 26.872

Name ofchwch Clw¢ult No 36 110 Balance Sheet as at 31 August 2020 TJtth X2 Tat 20111 FuDd• ¢hulGh bU1￿￿tr ÈtKSLhEr wop 3.6Y2.8 3.Z98,412 3388A12 DpbtoN prep4yff￿ Loans ty theChurc ¥8strnBnts TM¢P CEnb&l FinAnce eoord DEWJ Cosh tBank In h 21.013 123 21,135 25,249 IQ166 7.313 3.742 18.110 31.968 16.129 98 18,D47 4Q,S76 24.547 12.(47 33 Current Ciedlknrs {due in undw 1 yw) Orgnts p8ygtwtrin 1 ye8r TOial¢urr•ntl￿￿WS 419 3.788 419 3.768 8J,630 8,302 842 JO.189 ¥647 1716.430 3.38l669 Longtsmi liabl￿tIeS after rnore thart Ohe Gr8nt$ Payabltraftw 1 ytsr Lwdns toth¢ Church Id 3.663.959 24.547 28.925 3.716,4 3.362.669 ofth•Chur Gene￿ Fund (Unrosb 08$￿Th￿ted Fund$(Unres￿￿e￿} 3,652.959 24.547 3W7,6Q6 28.925 3,3S1,157 4,640 3J65,7B7 28.872 24.547 21￿25 TO￿ FthYJd¥ 4661959 2{￿7 28,925 3,7114 3,362,669 Ch[￿ch Treasurer

London Road Method15t Church. Hotsham Notes to the Accounts 1. Basis of accounting The finanoal statements have been prepared uThJerts Chaniies Act 2011 in acCOrdar￿ ¥wth the 2014 version of A(x%)unting and Reporb'ng by Charl1￿.. StateTr￿nt of Prac￿￿ ISORPI app1Kab￿ to tharibe5 preparing Iheir accounts in accc¥danc ¥ith FRS102-thè Chanis SORP IFRS102) and tskirg noto of ts Upd8tO Bulletir+ 1 issued in 201& 2. Funds The ftJThYs hekl 0)r￿11￿j1e.' Gerwal Funds hekl for any pwpJ58 oflhe ChLwch UnrBStrK￿.. Dè$ignated FuTh$5 set ayde ForsFecafic purFA)3es urMJerftJll cortrol of the Trustees: Restricted funts which are hetd narrw purpc6e. Thatè 8rg no EndrfysThent ftJrxl8. Dètails of eath material fund are d￿d￿sed in Nc48 12 to aC%￿nts. Any fund5 rnay represent8d by more than just cash. 3. Accounting policies Basls Theso accounts hav8 t8n preparwj on th8 basis of hist¢Mca ¢))st except thal in1ftsts)￿nts are shcm) at their rnarket value at the end of ts year. The has been used to Sh(￿ a tru8 fw"r of th8 Church's fi￿n￿81 position and a¢tivites. Incoming Resour¢es Ineome is inL4uded in the Stater￿t of FinarKA A(Mb8s ISOFAI ￿èn the Churth b8u)mès entrued to thè resources. aTrY tke trustees a￿ reascrfW certain tw will r￿￿e the reswrce5'. and the monelary value Can be measured with SUffiCk￿ r8lkqbilty. Resourc￿ Exwnded This is recognL%ed ￿en a liabilty is incJJrred, ora Constructi￿ obf#Jab"or arises, that resvts in the payTrent teiryJ unavoKlable. Liabilib85 are reQ￿ni$￿j as scKJn as an oulftm ofe(x)nomi¢ trerEfft 1$ rnora lik81y than not VAT Sincs the Church is notVAT regislewl. all input VAT i& ￿1th Ihg exp8n585 to it refers. Tangible fixed assets for use by the Church Tangible fi￿1 assets are caIytsli8ed iftw ran b9 mor8 th8n one ywar. 8rKI o)Bt8t bast £1.[￿. Thè fr8ehokl property B sho￿￿ in the ac{￿nts at 2020 r￿ur￿nC￿ walues las a m forthB fair v8lL ¢￿￿￿1#lad on 8 depfe(#abJ replac￿nt cost basB} plus £2LXJ.(KK) forts Va￿ ofthe SaTrl. Capitalised bwklirg e>peTrJiturp WWTpd Sin￿ fvll is dEweciated until ts valLP a ftj valuation. No othei depreciation i% provid￿ on the buihJiNJ tecaLtse the trustees consthrthe current resKYual falr valuè ofth& buiklirYJs loft thè assumpbon that rt hal reach8d the 8ThJ of tts ￿ful 8corwJnic lifa by the year4ndl to not less than its c¥rrent value. Any Ilepreaabon xJukY be rnaterial. The prr4)erty has teen revIev￿d tjr Impai￿ert Investment properties I￿V￿nt prwrbes. Th) prcwty ￿ ￿rrenty to hdd Sy¥ term purpo￿ ofthg ¢8rity. Investments Investrnents are valuert In the bafance sheet at market value at the yeareThJ. Invesbnent itKcYne is indudwj tn the accounts when re¢eNabie aThJ any gaiTB or b)sses on revaltsatti)n at ts yearerky are Sh￿•M in tre SOFA. Debtors and Prepayments Th8 d8trtor5 and prepa￿nI indUd￿l in ts a(x&Kmts in Tw￿L0f ￿th"r￿S invoK, CwDJFtAsstsThnt and Gift Aid recoverable. Credltors Credtiors Ind￿19 surnlry t4115 at31 August 2020.

London Road Methodbt Chur¢h, Horsham 4. Payment to Trustees Sm trustees in¢ur￿ expenses on behaff ofthe Churth reinbursaj txrt the￿ vme r payments made to trustees for seNices prrNthI to the C￿r[. 3)19 2018M9 Numbw ofTrustéas Totsl Amwrrt £0 6. Foos for •xamlnallon or audft of tho accounts 20191x1 201W19 Indepw)denl examinerfs or a￿￿tc￿$, fees ts rewting ¢)n accounts Other fees leg". advice. ￿￿unlan￿M serviwl paid to the indyndent examiner or a￿jtt NIL NIL NIL NIL A thnation is made to a charity rnminated by Ihe Independent Examiner in lieu of any fees. 6. Paid employe There are paid enwoyees of Chwch. The Presbyter pastoral resFonsibilty for the Church receives a Stipend but this is paid by the Circuit u8iro funds received each Church in the Cw(xMt through ts Circutl Assessment 7. Capltsl Commlbnents and Contingent Llablltti95 At 31 August 2020 there are rKtr c4ilal 0)mrri￿. No Contingent liabilibes were Klentrfied at 31 ￿￿ust 2020. 8. For Inforniatlon onty PAoney recelved arml pas8ed on to External Organl8atlons 2018119 Balanc9 brought forward 4,257 Offering l Gifts. re￿V￿j ￿ Extemal Ctyarusatit 3.310 OfferiTh3 l Gifts. pass&J to Extemal Organisabo 8,5 4,512 Balance caTrled fO￿a 5.285 These monies comprise reg￿¥ donati￿ from s(Th are splrf( equally befvthn three nominat&l Charibes and Connexional funds. and the prc￿d$ from collecbons and events through the year for these same charitses aThJ other organisab"ons. Gift Ad is added to the regular donations where appropriate as these fijnds are donated to the ehurch on the understanding that they V•ill be ied to th*itabkn d(￿11￿¥ fr￿ the church. During the year the r￿dIng ofthese regular d(xjatiOr￿ has been wewed and rt wa8 determined thal from 1 Septemter 2019 the regular donations should be included in Ihe Restricted Funds of the churth rather than kiThJ shwi as nK)ney received and passed on to extem81 organisations.

London Road I￿th￿Ist Church Hornham 9. Tangible Fixed Assets Ccwi or Val￿¢D Church Inon Other (non invegtsnent) Land & Bumdlngs Payments on account and a$$èts undèr Flthrns. fftlings and •qUI￿ent Land & Buildings Ildings Totsl Balance brought fomrd 3.289.720 45.379 3.335,099 Additsons 10,104 10,104 Revaluation3 {+1-I 327.779 327.779 Disposals {_} TTansferB l+l-) Balance carried foThvard 3,617,499 3.672,982 Accumul•tsd d¢pre¢latlon Balan¢8 brought fopKdrd 36.687 36.687 Depreciation ¢arge for year (-) 1.897 1,598 3.495 Rèvaluations {+l-I Disposals {_) Transfers l+l-I Batan( (Srrièd foTh*afd 1.897 38.285 40,182 Net book value Brought forward 3289.720 8.692 3.298,412 Carried foward 3.61S.e￿2 17.198 3,632,800 10. Investmont assets The Church has no InveslrrEnt properliès. The Church has no Ojw￿On Invest￿ lur¥J 11. Loans Church currenty has no low￿.

LondM Road IA•thodi8t Church, Hornham 12. Analy818 of restrlcted and dtslgnat•d fund• 201￿20 Fund Nam• o￿nIrtg Balancè Ine4*ning Resources Expe￿ed Tran8fer8 Closing Balance Pu￿09e of the fund Benevolent Fund Desi nated Memorials Fund Desi nated Church Mission Fund (Des￿nated) 25 25 Support for indivi￿al$ ins ffic need Available for funding member memorials Available for fvnding thurch mission initiatives Available to help with long-term church maintenance Available to use against speafic 325 Propgriy Development Fund Desi Leg8¢ies (Restricted) 14,794 19,196 31.512 25.479 Tcrtals 51,657 5,209 50,026 The openiThJ balance has teen adjusbj to relba the rec#YK4Ik￿Ioft of Legaw fvnds carriad OLrt al 31 August 2019 vthich was reported In￿)nSIStenty in Ihe pmious arxwnts. 12. ereakdovm of transferB Re￿Ni Property Devel(yrw)t Fund 3282 fttnd Tfansferring fund General Fund Tots Reason FuThJ Genwal Fund Letlings ino)me and benevolent support Property Deveh)pment Fund Legacies Chair purchase 1.120 Chair pur¢hase and Tepaymenl to Property Development Fund from legacy monies Totals 10,085 4,402 Comparatlve Anatysls of rnstnTcted and designated funds 2018-19 Fund Name Opening B•l•neè Incoming Tr¥n•f¢rn Closing Balance Benevolent Fund nated Memorials FLmd De81 n8ted Church Mission Fund (Designated) 25 25 Support for indi￿d￿alS in specific need AwaiLAble forfunding member memorials Available for funding Ghurch mission inrtiatlves Available to help with long-tem fJ)ur¢h rnaintenance Availab￿ to use against speofic 325 325 Property DeveloprrEnl Fund Desi Legaoes IRestri(aedl 29,ty24 4.958 14.794 38217 -6,872 31,520 Totals 73.491 225 20.138 -1.914 51.664

1. Intsmal Organlsatlons 2019-20 Movements Organlsatlt)n Opening Balance Inc¢yning Adiugt Closing 8￿ne# Wednes(lay Lunch Club 1,013 2.173 2.571 615 La(liè$ Wednesday Club 938 827 Parents 8 Toddtef3 2.184 Messy Churth 138 235 250 123 Tolais 3,534 4,246 The intemal organisations of the thurth reFKWt to Churth CrArril and ￿Id their cwn funds separatdy. These funds are in(lependeni ofthose hdd within the Churth ￿￿rts. IFKwgh in the n(rtes to the accoLwts. these int8mal funds hav• FXw￿sfy ba￿ omitt¢d from thè SOFA. This has been corrected this year by indudiw the inu)me and eX4￿ditUte under Reslrideil Furlts in lines 6 and 16 respectively. The d￿ng b8iqnix is induded in lire 26 as fvnd$ ￿FIled forvrnrd at 31 August 2020. A ￿VIeW of the Inlemal OrganisatKJns also frmjnd that the balar￿ for one of them W been transfer￿ to the Genèral Fund ofthe church many years ago so this has been omitted this year. The fvJures for anotherV&￿ some years out ol date. The difference to 8trive at the ¢y)rrei* bal8fKY * the end Of￿ finan(ial year for that Inlemal OrganIsat￿ is Shown a$ an 8<ljustrnent aTrJ induded as an Other Gain in line 23 of the SOFA.
2. Prlor Yèar Adjustment OTr SOFA During the pyarntion ofthe SOFA for th& ￿ a miet4as undertaken ofthe dassi￿t￿ offunds bèh4en the General Fund (Unrestricted), D85ignated FurKI8 (Unre8ln(Xwg 8nd Resthrted Funds. The rewew ￿nduded that the previous Classifi(21￿￿8 we rKSt apwopriats so adjustments have been made to bring the presentation at the end of thè prèvious financial year into line ¥￿th the le￿e# dassrficabon. The overall net financial impact of this presentational adjLL8lmenl was £NIL. In 8¢¢oril8nce 7itth Note 13, an adJust￿￿nt has also been made to ir•xease ts Restricted Funds brought lo￿ard from 31 ￿QU3t 2019 by the ryening bala￿e ￿the Intemal Owisattons. Adjustments have also made lo ovwstatwnwft of£142 in Debtf¥s and Prepaymen18 and an overstatement of £137 in Creditors at 31 August 2019. Summary of aifiustsnenls Description Restricted fvnds categorised as Desi nated Designated furKI$ categoiised as Ger*rnl General n8ted Total {4,640) 4,640 {20,145} 20,145 Overstated Debtors and Pre tnents Overstateil Creditors Internal Organisations Totsl {142) (1421 137 137 3.534 8.174 20,150 15.505 3,529

DECLARATIONS Treasurer I confirm that I have prepared these accruals-based a¢¢ounts from the records of the Church and that they include all fvnds under the control of the Church Counc41 S￿nature of Treasurer Name Mr Philip Reeves Add￿$$ 11 Reapers Close, Horsham Sussex RH12 5TG Presentatlon to the Church Council for approval. I confsm) that Ihe Accounts have been presenbj to the Church c￿n(￿l on and were approved. g trLI Signature of the Chair of the meeting Name of the Chair of the meeting Rev Gavin Hancocks Date Independent Examinerfs Report to the Trustees of the London Road Methodist Church, Horsham The Church's Trustees are responsible for ensuring that the annual report and accounts present a true and fair view of the Circuit's income and expendrture for the year and of its assets and liabilities at the balance sheet date. The Trustees consider that an audr( is not necessary for this year under Section 144 0* the Charities Act 2011 and that an inde[￿KIent examination is needed. It is my resportsibility to.. examine the accounts under Sect￿ 145 of the Charities Act 2011; follow the protsdures laid down in the general tlirect#)ns gt¥en by the Charity Commission under Sectton 145(5}Ibl of the Charities Act 2011. and state whether particular matters have cx)me to my attention.

Ba8Lfj of Ind¢pendeTrt Ex¥minerfs Rèport My ¢xamSnation vrds carr￿d out in ac£ordaTrx ryth the gen￿ DiroLons gNen by the ChaFity Crynmission. An exanNnatbon indudes a rewew of the acuunting re(x)rds kept by thè charity and a comparison ofthè xrAxEnts with th08e records. It also indudes consideration of any ￿USUal rtems. in nature or ￿8be. or discJDsu¥es in the al￿)ul￿, seèking explanations frotn the Tfustoes ￿ncern1r0 any suth matters. Thè proc•dur8s L¢ndertakgn do not pro￿de all the wdence that woukl L required in an audit and no opiftion is gNen as to bthether the a¢￿￿nts p￿sent a true and fair vtew. lty roFOrt 15 liniteil to ttrw)se matters set out in th? &tslem•nt below. Indepgndent ExaminoVs Staton￿nt In connection with my ex8minabon. rKJ matter has come to my attentN)n'. {11 wthich gives me reasonable cause to belw that in any material respgct the requirements.. . to W acL￿unting records in a¢(￿rdan￿ with S&tKJn 130 of the Charities AGt 2011. and . to prepare accounts which accord with the aeLtunting records and ¢Jimpty with the accounting requirements of the Chariti"e5 Act 2011 have not been met or 121 to wh￿, in my Opin￿)n, attention shoukl be drawn in order to enab18 a proper understsnding of the accounts to be reached. 13) I havelhave nor obtained indeFendent verIf￿t￿)n of all investments with the Trustees for Methodist Church Purposes or held in other tnjsts. bank baEan¢es and bjnds at the Central Finan Board of the Methodist Church vthKh are indivkdualty in excess of £10.(m {ten thousarKI Founds) at the balance sheet date. Name y J Signature Relevant Profesgional qudifThtion or Address JJ ￿JG ¢NJI Date y •Xi