RICHMOND AND HOUNSLOW CIRCUIT OF THE METHODlSf CHURCH
CHARITY NO.: 1134245
REPORT AND ACCOUNTS
for the year ended
31 August 2025

Richmond and Hounslow Circuit of the Methodist Church
Status:
Registered Charity no. 1134245
The charty was established by a charitable trust deed on 10th February 2010.
The charity's governing documents are the Deed of Union119321 and the
Methodist Church Act119761.
Principal address:
13 Enmore Road
London SW15 6LL
Circuit Superlntendent:
Reverend G Farrar
Trustees
Mr Kojo Amoasl
(appointed 24 February 20251
Mrs Jean Butcher
Mrs jessica Dalton
Rev Geoffrey Farrar.
Mrs Jean Flann
Mrs Lyneih Friday
Deacon Richard Goldstraw.
Mr lan Haddow (deceased July 20251
Mi55 Valerie Hearn
Mr Alan Housdon
Mr5 Vivien Isaac
Rev Heflin Jani
Deacon Kathy johnson.
Mr Bismarck Laryea
MrAndrew Logan
Mr john Logan
Mrs Margaret Logan
Mr Stephen Ludlow
Mr5Jane Mcmahon
Mrs Frances Moorhouse
Dr Margaret Moore.
Rev Nicola Morrison
Mrs Rajini Muthukumar
Rev Adam Nyawo.
Mr Charles Oppong-Akuoko
Mrs Mary P8tterson'
Mrs Susan Penney
Ms Carol Powers
Mr Charles Rajkumar
Mrs Gill Sparke5
Mr Moses Tandayi.
Miss Winifred Thompson
Mr Brendan Wasmuth.
MrGeoffrey Waterhouse
(resigned 24 February 20251
Ms Sarah Weeks
Ms Janet Wi150n'
Circuit Leadership Team
Auditor5:
Azets Audit Services
Gladstone House
77-79 High Street
Egham
Surrey TW20 9HY
Bankers:
Central Finance Board of the Methodi51 Church ICFBI
9 Bonhill Street
London EC2A 4PE
Charittes Aid Foundation Bank Limited
25 Kings Hill Avenue
West Mallin8
Kent ME19 4JQ
Investment advisers..
The Trustees for Methodist Church Purposes
Central Buildings
Oldham Street
Manchester Ml IJQ

Richmond and Hounslow Clrcuit of the Methodist Church
Page
Trustees, report
Auditors, report
Statement of Financlal Activities
13
Balance Sheet
14
Cash flow statement
15
Notes to the accounts
16

Richmond and Hounslow Circuit of the Methodist Church
Trustees. report
for the year ended
31Au
ust 2025
The trustees present their annual report and financial statements for the year ended 31 August
2025.
The accounts have been prepared in accordance with the accounting policies set out in note I to the
accounts and comply with the charitys governing document, the Charities Act 2011 and the
Charities Statement of Recommended Practite applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021. effective from l January 2019.
Structure. governance and management
The Richmond and Hoijnslow Circuit of the Methodist Church ('the Circuit'l is an association of
churches grouped together in a geographical area. Ordained ministers are appointed to serve the
Circuit. The Superintendent Minister oversees for the work of all the churches in the circuit.
The Circuit was established as a registered charity by a charitable trust deed on 10th February. 2010.
The Circuit's governing documents are the Deed of Union119321 and the Methodist Church Act
119761. The Standing Orders of the Methodist Church las set out the Constitutionol Practice ond
Disciple of the Methodist Church) govern the way the Circuit is constituted including how trustees
are appointed.
The managing trustees at the date of this report are the members of the Circuit Meeting. These
comprise all Circuit officers las designated by SO 510 of the Constitutional Proctice ond Disciple of
the Methodist Church), ministers and representatives from each of the congregations. Circuit
meetings are held at least three times per year. Decision making is not vested in a small number of
people.
The Circuit comprises seven congregations in south-west Lon(lon.' Barnes, Chiswick, Heston,
Hounslow, Putney, Richrnond IMethodist/URC LEPI, and Roehampton.
Objects and artivities
The Circuit operates as part of the Methodist Church of Great Britain, whose mission is
'to respond to the gospel of God's love in Christ ond to live out its discipleship in worship und
mission,.
The Circuit's specific calling is to facilitate and 5UPPOrt the seven local Methodist Churches In its area
as they respond to that call, through responsible Stewardship and effective oversight of its resources
(human, financial and property). It seeks to enable those local congregations to
increase the awareness of God's presence and celebrate God's love fworshipj
help people to grow and learn through mutual support and care Ileorning and Coring),
be a good neighbour to people in need and to challenge injustice (Service), and
make more followers of Jesus Christ IEvanqelism).

Richmond and Hounslow Circuit of the Methodist Church
Trustees, report
for the year ended
31Au
ust 2025
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what
activities the Circuit should undertake for public benefit.
The Circuit relies on a large amount of time and effort provided by volunteers, who offer a variety
of seNices which are unpaid, including its dedicated local preachers. The Circuit would like to place
on record its thanks to these volunteers without whose support it could not operate. It is
impossible to estimate the value of these donated services.
Athievements and performance
At its meeting in September 2024 the Circuit Meeting adopted Mission priorities for the coming
year which are listed below together with what the Circuit has achieved in relation to those
priorities.
Wision
Offer acce55ible
worship that truly
connects people with
God and allows them
to explore their faith
and the scriptures
Artions
the Circuit has supported the work of its ministers and leaders of
worship through the work of the Preachers Meeting, as well as
generous funding of resources and training opportunities. This h35
included providing individual grants to all worship leaders for the
purchase of relevant book5 and resources, as well as attendance at
conferences and retreats.
the Circuit org3nised a Quiet Day. 'A Day of Reflection,, at
Southlands College Chapel (University of Roehamptonl in lune,
2025, led by the President of the Methodist Church in Ireland
the Circuit also funded aid5 to worship for individual churches
through its'srnall grants, scherne, including cultural activities and
improved AV equipment.
Worship
Encourage personal
spirituality and
greater involvement
in worship by all our
worshippers,
especially our lay
leaders
Learning and Continue to create a
the Circuit continue5 to place the highest priority On
Caring
Circuit and churches
SafeEuarding in order to ensure that all may safely worship and
where all are safe and participale in the life of our churches.
the vulnerable are
protected
Ensure that èll our
congregations receive
the pastoral oversight
they need
the Circuit Staff team has worked together to ensure that proper
pa51oral care 15 provided in all our congregations throughout the
year, covering a5 necessary for periods of absence, such as
sabbaticals.

Richmond and 14ounslow Circuit of the Methodist Church
Trustees, report
for the year ended
31Au
ust 2025
Wision
Make our churches
places where
discipleship is artively
encouraged and that
opwrtunities for
Bible study and
growth are Provided
Actions
the Circuit has supported relevant initiatives in the churches
encouraging greater engagement with the scripture5 in new and
imaBlnative ways.
the Circuit continues to engage fully with the Connexional
Justice. Diversity and Inclusion IJDII strategy, encouraging all
worship leaders and congregations to en8a@e with this materlal and
explore themes related to equality, diversity, and inclusion in
worship and their life together.
Roll out the EDI
strategy
Service
Provide opportunities
and resources for our
churches and
properties to Serve
our different
communitie5 in as
the Circuit has actively encouraged all it5 congregations to
consider how they can best use their premises and resources to
serve their Communities better. During this period, the Circuit has
provided genefOUS grants to fatilitate ambitlOU5 building projects at
Chiswick, Hovnslow and Putney.
many ways as
possible
Enable our churches
to serve the most
vulnerable
communities within
our Circuit
Encourage and equip
our members and
churche5 to be able to
witness to the love of
God in Jesus Christ
according to their
context and
opportunities
the Circuit continues to provide generous support for the
employment of a lay worker based at Chiswick and diaconal
appointments in Richmond and Roehampton.
Evangelism
the Circuit Continues to provide generous financial support to
the Urban Mission in Roehampton, primarily through the
employment of a full-time minister Ideaconl. The Mission seeks to
make the love of God real in one of the most deprived areas of
South-west London. The deacon employed in this role has
continued to remain fully engaged in the life of the community,
participating in numerous local groups and supporting initiatives
such as the food bank, which operates out of the premises of
Roehampton Methodist Church. The Circuit has begun exciting
conversations about the future of the church in Roehampton with
new partners.

Richmond and Hounslow Circuit of the Methodist Church
Trustees, report
for the year ended
31Au
Ust 2025
Wision
Make our churches
centres for mission
Artions
the Circuit is also supporting the work of another deacon. based
in Barnes and Richmond, who is seeking to engage with those on the
frinEe5 of Church and with the wider communities. In both cases,
these appointments could not have been made without the
generous financial sUPPOrt of the Ctrcuit and District.
the Circuit has once again provided generous financial support
to young people attending the 3Gen event in Birmingham.
the Circuit has also indicated its willingness to provide support
to congregations with any initiatives relateil to evangelism and
youth work.
Support churches
engaging with
discipleship,
especially among
children and young
people
Clrcuit Llfe
Manage our resources
in a way that takes
account of both the
need for sensible
stewardship and
serves our continuing
mission
the new Circuit Finance Officer appointed in September. 2025,
ha5 already made a significant difference to the smooth running of
the Cirtuit's finances and operations, introducing new policies,
procedures and planning tools.
the Circuit also developed a job description for a new
Community Pastor role to work with the Gujarat5 fellowship based at
Hounslow, and provide Breater support for the existing con8regation
there. External funding will be sought and it is hoped that an
appointment will be made soon in 2024125.
Encourage a greater
sense of identity and
community within the
Circuit
Staffing
the Circuit suc¢essfulty recruited a new Community Pastor to
work with the Gujarati fellowship based at Hounslow and has
already made a very positive impact.
the Circuit also managed two staff Sabbaticals and engaged
with the stationing process for 2025126 in a timely manner.
Managing our
finances and property
the Circuit successfully negotiated a new maintenance contract
with PCC Ltd to manage tts manses on an ongoing basis (starting I
September. 20251 in order to ensure that they continue to meet its
missional needs.

Richmondand Hounslow Circuit of the Methodist Church
Trustees, report
for the year ended
31Au
ust 2025
Financial review
The accounts for the year show income of £342.30912024'. £325,1971, expenditure of £840,839
12024.. £408,765), a gain on monetary investments of £2.54212024'. gain of £25,444) and a loss on
disposal of investment property of £nil12024: £143.4921, resulting in a net decrease in funds of
£495,98812024= decrease £201,616).
The general fund recorded a small surplus for the year of £3,890. The fund is intended to break even
year on year. In 2024 the fund showed a deficit of £21,140 lexcluding the property disposal of the
former Brentford church).
There were no property movements in the financial year12024: disposal of the former Brentford
church).
The movement on the CMTF in the year wa5 a decrease of £495,82512024: increase of £818,193).
The prior year increase primarily reflected the net proceeds of the disposal of the former Brentford
Church. In the current financial year the Circuit made major grants to 5 of its churches for property
improvements to support mission, tO8ether with support for particular ministries and Circuit staff.
At the end of the financial year the Circuit had total funds of £8,063,05512024= £8.559,0431.
Endowment and restricted total £53,839. Total unrestricted funds were £8,009,216 comprising
designted funds of £56,177, CMTF £982.111 and the general funds £6,970,928.
Designated funds have been set aside to cover future expenditure on manse repairs, training and
children and youth work not otherwise covered by the general fund budget.
Of the general funds, £6,305,0(ID comprises property Inamely 4 manses occupied by Presbyters and
Deacon51 and a further £450,000 investment property lone manse let to a tenant) leaving £215,928
of free reserves. This represents approximately 12 months, worth of general fund expenditure.
Reserves policy
The Circuit's policy for the general funds is to hold at least six months expenditure, an amount of
approximately £IIO,000. Actual reserves held currently exceed this figure. The use of these reserves
is part of the medium term plan which was prepared for the Circuit Meeting in February 2025 and
reviewed in September 2025. This plan includes provision for further spending from the CMTF and
general fund for continued support to the churche5 iri their mission, together with sustaining levels
of ministry within the Circuit and maintaining manses to a reasonable standard.

Richmond and Hounslow Circuit of the Methodist Church
Trustees, report
for the year ended
31Au
ust 2025
ststement of Trustees, res
onsibilities in relation to the financial statement5
The trustees are responsible for preparing the Trustees, annual report and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial
Statements for each financial year which give a true and fair view of the state of affairs of the
charity and of the incoming resources and application of resources of the charity for that period. In
preparing these financial statements, the trustees are required to..
al select suitable accounting policie5 and apply them consistently-
bl observe the methods and principles in the Charities SORP-
cl make judgments and estimates that are reasonable and prudent;
dl state whether applitable UK accounting standords have been followed, subject to any material
departures disclosed and explained in the financial statement5,'
el prepare the financial statements on the going concern ba515 unless it is inappropriate to presume
that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable
accuracy at any time the financial position of the charity, and enable them to ensure that the
financial statements comply with the Charities Act 2011, the Charity (Attounts and Reports)
Regulations 2008 and the provisions of the trust deed. They ore also responsible for safeguarding
the assets of the charity and for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Each of the trustees has confirmed that there is no information of which they are aware which is
relevant to the audit but of which the auditor is unaware. They have further confirmed that they
have tekane appropriate steps to idenlify such releaant information and to establish the athte
auditors is aware of such information.
I￿LI1Vr& 2c'2
This report was approved by the trustees on and signed on its behalf.
Rev d Geoffrey Farrar
Mrs M Logan

INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE
RICHMOND & HOUNSLOW METHODIST CIRCUIT
Opinion
We have audited the financial statements of Richmond & Hounslow Methodist Circuit I'the charity'l for
the year ended 31 August 2025 which comprise the statement of financial activities, balance sheet,
statement of cash flows and notes to the financial statements, including a summary of significant
accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law arKJ
United Kingdom Accounting Standards, including FRS 102 The Finonciol Reportingstandord opplicable
in the UKond Republic of Ireland (United Kingdom Generally Accepted Accounting Practicel.
In our opinion, the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 August 2025 and of its incoming
resources and application of resources, for the year then ended
have been properly prepared in accordance with United Kingdom Generally AccepteLI Accountin8
Practice- and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for opinion
We tonducted our audit in accordance with International Standards on Auditing IUKI IISA5 IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor s
responsibilitiesfor the oudit of thefinonciol statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK. including the FRC'S Ethical Standard and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we hove not identified any material uncertainties relating to
events or condition5 that, individually OT collectively, may cast significant doubt on the charity's ability
to continue as a goin8 concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
Other Inforrnation
The other information comprise5 the information included in the trustees. annual report other than
the financial statements and our auditor's report thereon. The trustees are responsible for the other
information conlained within the annual report. Our opinion on the financial statements does not
cover the other information and we do not express any form of assurance conclusion thereon.

INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE
RICHMOND & HOUNSLOW METHODIST CIRCUIT
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material misstatements,
we are required to determine whether this gives rise to a material mi5Statement in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matter5 on which we are required to report by ex￿ptIOn
We have nothing to report in respect of the following matters in relation to which the Charities Act
2011 requires us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the
trustees, report; or
sufficient accounting records have not been kept,. or
the financial statement5 are not in agreement with the accounting records,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities set out in the trustees, annual
report. the trustees are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, rnatters related to going concern and using the
going concern basis of accounting unless the trustees either intend to cease operations, or have no
realistic alternative but to do 50.
io

INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE
RICHMOND & HOUNSLOW METHODIST CIRCUIT
Auditorfs responsibilities for the audit of the financial statements
We have been appointed a5 auditor under section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report
that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that
an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council'5 website at
https=//www.frc.org.uklauditorsresponsibilities. This description forms part of our audit report.
Extent to which the audit was considered capable of deterting Irregu13rities, including fraud
Irregularities, including fraud, are instances of non-compliarbce with laws and regulations. We design
procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's
webslte, to detect material misstatements in respect of irregularities. including fraud.
We obtain and update our understanding of the entity, its activities, its control environment. and likely
future developments, including in relation to the legal and regulatory framework applicable and how
the entity is complying with that framework. Based on this understanding, we identify and assess the
risks of material misstatement of the financial statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the
entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud,
we designed procedures which included..
Enquiry of management and those charged with governance around actual and potential litlEation
and claims as well as actual. suspected and alleged fraud,.
Reviewing minutes of meetings of those charged with governance,.
Assessing the extent of compliance with the laws and regulations considered to have a direct
material effect on the financial statements or the operations of the enlity through enquiry and
inspection;
Reviewing financial statement disclosure5 and testing to supporting documentation to assess
compliance with applicable laws and regulations,.
Performing audit work over the risk of management bias and override of controls, including testing
of journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transaction5 Outside the normal course of business and reviewing accounting estimates for
indicators of potential bias.
li

INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE
RICHMOND & HOUNSLOW METHODIST CIRCUIT
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements, as we will be less likely to becorneware
of instances of non-compliaTrce. The risk of not detecting a material misstatement resulting from fraud
is higher than for one resulting from error, as fraud may involve collusion, forgeryi intentional
omissions, misrepresentations, or the override of internal control.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the
Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might state to the charity's trustees those matters we are required to state to
them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the charity and the charity's trustees as a body,
for our audit work, for this report, or for the opinions we have formed.
IJ UkJ.-
Sam Thomas
Isenior statutory auditor)
Date..
i(- 2L>"b
for and on behalf of Azets Audit Services
Chartered Accountants
Statutory Auditor
Gladstone House
77-79 High Street
Egham
SurreyTW20 9HY
Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment a5 auditor of a cofflpany under section 1212 of the Companies Act 2006.
12

Richmond and Hounslow C¥rcuit of the Methodist Church
Statement of financial activitie5 and Income and expenditure account
for the year ended 31 August 2025
Cirtult Model Designated Re5trirted &
General fund
Trust
funds
Endowment
Note lunrestrirtedj lunre5trictedl lynre5trirtedl
funds
Total
funds
2025
Total
funds
2024
In¢ome from:
Donations and legacies
Charitable activitie5
Other tradin8 activities
Investments
469
234,446
20,013
70,269
152,908
21,717
12.793
91.000
243,908
21.717
76.684
49,919
12,600
1.372
Total intome
187,418
49,919
12,600
92,372
342.309
325.197
EX￿ndit￿re on:
Raising funds
Charitable activities..
Grants & donations
Stipends & salaries
Propertv
Assessment & Levy
Preaching, training & mission
Other costs
io
117
4.566
4.691
1,950
326,731
326.731
289,534
51,915
134,113
5,487
28.368
8,545
231,318
61,396
77.796
3.162
24.598
138.926
43,767
37.5(K
2.889
21,821
150.608
8.148
li
96.613
2,598
4.428
2.119
Total expenditure
245,020
427,910
2.119
165,790
840,839
408.765
Net gain/l105sI on
monetary investments
Net gain/l10551 tsn
investment property
disposals/revaluations
14
48
2,489
2,542
25,444
1143,4921
Net Sncomellempenditurel
157.5S41
1375,5021
10,481
173,4131
1495.9881
1201,6161
Transfers between fund$ 17
61,444
1120,3231
1495,8251
110,4811
69,360
3,890
14,0531
1495,9881
1201.6161
Other recognised gains and losses
Revaluation ot tangible
fixed assets
Net movement in funds
3,890
1495,8251
14,0531
1495,9881
1201,6161
Reconciliation of funds
Total funds brought
forward
Total tunds carried
forward
6,967,038
1,477,936
56.177
57,892
8,559,043
8,760,659
17
6,970,928
982,111
56,177
53,839
8.063,055
8,559,043
All income and expenditure derive frorv continuing activities.
The statement of financial activities includes all gains and losses recognised in the year.
Movements in funds are disclosed in note 17 to the financial Statements.
13

Richmond and Hounslow Circuit of the Methodist Church
Balance sheet
as at 31 August 2025
Note
2025
2024
Fixed assets
Tangible assets
Investment property
Investments
Total fixed assets
12
13
14
6,305,8(X)
450,000
928,303
7,684,103
6,305,￿0
450,000
1,443,404
8,198,404
Current assets
Debtors
Cash at bank and in hand
Total current asset5
15
66,995
361,779
428,774
66,905
311,381
378,286
Creditors: amounts falling due
within one year
16
149,8221
117,6471
Net current assetsllliabilitiesl
378,952
360,639
Total assets less current liabilities
8,063,055
8.559,043
Net assets
18
8,063,055
8.559,043
The funds of the charity:
Endowment funds
Restricted funds
Unrestricted funds=
General funds
Circuit Model Trust fund
Designated funds
Total unrestricted funds
2,475
51,364
2,470
55.422
6,970,928
982,111
56,177
6.967,038
1,477,936
56,177
8,(X)9,216
8,501,151
Total charity funds
17
8,063,055
8,559,043
The accounts were approved and authorised for issue by the trustees on io*W 2CIL
and signed on their behalf bv-
Rev'd Geoffrey Farrar
Mrs M Logan
14

Rlchmond and Hounslow Circuit of the Methodist Church
Statement of Cash Flows
for the year ended
31Au
ust 2025
Note
2025
2024
Cash flows from operatin8 actlvltles
20
1553,6091
1205.0461
Cash flows from investlng activities
Investment income
76,684
70,269
Proceeds from dlsposal of investment property
886,508
Disposal of investments
517.643
Purchase of investments
1733.8511
Purchase of tangible fixed assets
12
Net cash provlded by investln8 actlvltles
593,327
222,926
Cash flows from financlng actlvltle5
Repayments of loan granted by Circuit
10,680
10,350
Net cash provided by ftnancing actlvitles
10,680
10,350
Increase in cash and cash equivalents
in the year
50,398
28,230
Cash and cash equivalents at the start of the year
311,381
283,151
Cash and cash equlvalents at the end of the year
361,779
311,381
Analysls of changes in net debt
At start
At end
Cashflows
Cash
311,381
50,398
361,779
311,381
50,398
361,779
15

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 202
l General Infomiation
Richmond & Hounslow Methodist Church Circuit is an a5$0ciation of Churches grouped together in a
geographical area. The charity provides administration services and support for each of the Churche5 within
the circuit. In addition. the charity is also responsible for helping the wider community, which it does throv8h a
variety of donations to various Charities and good tauses. The governing documents are the Deed of Union
119321 and the Methodist Church Act119761.
2 Accountlng policies
The principal accounting policies adopted, Judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follow5.'
lil Basis of
The financial ststemènts have been prepared in accordance with Accounting ond Reportino by Charities..
Stutement of Recommended ProctAce upplictsble to churities preporing their occounts in (Jccordonce with
the Finonci¢FI Reporting Stondord opplicable in the UK tsnd Republic tsf Irelond (FR5 102} leffective l January 20191-
Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021,
the Charities Act 2011 and $120081629 (Charities Accounting and ReportinE Re8ulationsl.
Pending the making of replacernent Regulation5 Specific to the Charities SORP IFRS 1021 in accordance with Reg.814lldl of
512008/629, the charity trustees have departed from the requirement of Re8.8151 by following the Charities SORP IFRS 1021
instead of SORP 2005 to the extent nece55ary to give a true ènd fair view.
re
aration
The accounts are prepared in Sterling. which is the funttional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £1.
Richrllond and Hounslow Circuit of the Methodist Church meets the definition of a public benefit entity under FRS 102.
The accounts have been prepared under the historical cost convention ortransaction value unless stated otherwise in the
relevant accounting policy notelsl.
aration of the accounts on a
oin
concern basis
The trustees consider that there are no material uncertainties about the charity's ability to contirnue as
a going concern. The trustees do not consider that there are any sources of estiMat￿On uncertainty at the reporting date
or the date of approval of the accounts that have a significant risk of causing a material adjustment to the tarrying amounts
of a55ets and liabilities within the next reporting period.
The Circuit has denominational regulatory oversight in respect of the work of the churches within the Circuit but has no
legal or operation31 control of those churches and their Eoverning bodies except in eKtreme circumstances. For this reason,
the financial statements of churches within the Circuit ale not consolidated into these financial statements.
livl Fund accountin
Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of the gener31
objectives of the tharitv.
Designated fund5 are unrestricted funds earmarked by the trustees for particular purposes.
Restritted funds are subject lo restrirtions on their expenditure imposed by the donor or through the
terms of an appeal.
16

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
2 Accountlng policies (cont'dl
Where the Circuit holds money that may not be spent and must be retained las capital) to generate an income the monev
or assets to be retained are classified as an Endowment Fund. The income may be restricted or unrestricted depending on
the term5 of the endowment.
Iv) Income rec
Income is recognised and included in the accounts when all of the following criteria are met..
the charity has entitlement to the funds
receipt of the income is Considered probable
the amount can be measured reliably.
nition
The following specific policie5 awe applied to particular categories of income..
Donated goods, services and facilitie5 are included at the value to the charity where this can be quantified.
The value of servi¢es provided by volunteers has not been included in these accounts.
For legacies, entitlement is taken as the earlier of the date on which either..
the charity is aware that probate has been granted, the estate has been finalised and notification has been made
to the charity that a distribution will be made, or
when a distribution 15 received from the estate.
Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliablv
and the charity has been notified of the executor's intention to make a distribution. Where legacies have been
notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition
have not been met. the legacy is treated as a contingent asset and disclosed if material.
Investment income is recognised on an accruals basis.
Income received in advance of the charity becoming entitled to It is deferred until such time as
the services have been provided.
enditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party,
it is probable that settlement will be required and the amourit of the obligation tan be measured reliablv.
Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure
to which it relates.
Iviil Fixed assets
Tangible fixed a55ets are initially measured at cost and subsequently meas4Jred at ctrst or valuation, net of depreciation
and any irllpairment losses.
Freehold property comprises four residential propertie5 used as Manse%. All properties are owned by the trustees for
Methodist Church Purposes as Custodian Trustees but since the charity controls them as Mana8in8 Trustees, they are
included in these financial statements.
The properties are stated at a valuation by the Managin6 Trustees. The valuation is ¥eflected in the properties
revaluation fund since none of the properties has a known original cost. Revaluations ¢xcur at three yearly intervals,
unless there is evidence of a materia5 change in the value of the item. A revaluation of the properties was carried out by
Sanderson Weatherall LLP on 31st August 2023.
The gain or loss ari5in8 on the disposal of an asset is determined as the difference between the sale proceed5 and the
carrying value of the asset, and is recognised in the Statement of financial 8clivities.
17

Richmond and Hounslow Circuit of the Methodist Church
Ithmes to the account5
for the year ended
31Au
ust 2025
2 Accounting policies {cont'dl
Iviiil Investment
ro
IÈS
From time to time the Circuit may hold residential property which is surplus to its normal staffing requirements. Where
this is the case and wf is anticipated that the property 15 unlikely to be used as a rnanse within two year5. the property is
classified as Investment Property Iwhether let out or not) and any let5 are at market rate unless there is a compelling reason
not to do 50 in furtherance of the Circuit's charrtable objectives.
Investment property is measured at fa(r value at the reporting end date. Revaluations occur at three year intervals. unle55
there is evidence of a material change in the value of the property. A revaluation of the properties was carried out by
Sanderson Weatherall LLP on 31st August 2023.
The Circuit may also be required to assume responsibility for Church premises following closure and cessation of worship.
This results in the Circuit becoming Managing Trustees for the property. At that tirne the property is recognised as an asset
at its anticipated sale price as determined by a professional valuation and after taking into consideration the levy to be
charged by the Connexion.
airment of fixed a55ets
At each reportin8 end date, the charity reviews the carrying amounts of it5 tangible a55ets to determine whether there
is any indication th3t those a55ets have suffered an impairment loss. If any such indicatiori emist. the recoverable amount
of the a55ets is estimated in order to determine the extent of the impairment loss lif any).
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated
future cash flows are discounted to their present value using a pre-tax discount rate that reflect5 current market
assessments of the time value of money and the risk5 specific to the asset for which the estimates of future cash flows
have not been adjusted.
If the recoverable amount of an asset is estimated to be less than wts carryinE amount. the carryinÈ amount of the asset
is reduced to Its recoverable amount. An impairment Ioss 15 recognised immediately in expenditure for the year. unless
the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to applv.
Where an impairment loss subsequently reverses, the carrying amount of the asset 15 increased to the revised estimate
of its recoverable amount, but so that the increased carryin6 amount does not exceed the carrying amount that would
have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment1055
is recogni5ed immediately, unless the relevant asset is carried out a revalued amount. in which case the reversal of the
impairment loss is treated as a revaluation increase.
Ixl Moneta
investments
The Circuit'5 investments are in monetary assets classified as basic financial instrument5 under FRS 102 and are held
by the Trustees for Methodist Church Purp05es ITMCPI as custodian trustees. The valuations, at market value. are those
provided by TMCP.
Ixil Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of
three month5 or less from the date of acqui51tion or opening of the deposit or similar account.
18

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
2 Accounting poli¢ies {cont'dl
Ixiil Financial instruments
The charity only has financial assets and fSnancial liabilities of a kind that qualify a5 basic financial instruments.
Frnancial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual
provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the ftnancial statements, when there is a
legally enforceable right to Set off the retognised amounts and the￿ is an intention to settle on a net basis orto
reali5e the asset and settle the liability simultaneously.
Bt75icfin(JnciGlassets. which include debtor5 and cash and bank balances, are initially measured at transaction price
including transartion costs and are subsequently carried at amortised cost using the effertive interest method unless
the arrangement constitutes a financial transartion, where the transattion is measured 3 the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as Teceivable within one year ère not
amortised.
Bosicfinonci(ylliobfflities, including creditors and bank loans are initially ¥ecognised al transaction price unless the
arrangement constitutes a financing transaction, where the debt interest is measured at the present value of the future
payment5 discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that havè been acquired in the ordinary course of operations
from suppliers. Amounts payable are classified as current liabilities if payment is dLJe within one year or less. If not, they are
presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured
at amortised cost using the effertive interest rate method.
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
Ordained presbyters and deacons are members of the Methodist Ministers, Pension Scheme IMMPSI. This is a defined
benefit scheme operated by the Methodist Church in Great 8ritain. The CiTCUlt has no liabilities to the scheffle over and above
the contributions it makes in respect of its OTdained ministers.
The charity's lay employees are able to make contribution5 into a defined contribution pension scherne. Eligible
employee5 are automatically enrolled unless they have exercised their right to opt out of scheme membership.
Employees may choose to colltribute 2% or more of their salary and the charity contributes 6%. Annual contributions
are charged to the statement of financial activities.
19

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
3 Comparatlve Statement of Finanual Artivitles
Circuit Model
Designated
Gèneral fvnd
Trust
funds
lunrestrictedl lunre5trictedl lunre5tricted
Rèstritted &
Endowment
funds
Total
funds
2024
Income from:
Donations and legaties
Charitable activities
Other trading activities
Inve5trnents
469
69,004
469
234,446
20,013
70.269
165,442
20,013
15,03S
40,965
12,550
1,719
Total income
200.490
40,965
12.550
71.192
325,197
Expendlture on-
Raising fLJnds
Charitable activities..
Grants & donations
Stipends & salaries
Property
District Assessment & Levy
Preaching. training & mission
Other costs
97
1,846
1,950
826
117,098
53,215
37,964
2,762
18,887
7,250
469
8.545
231,318
61,396
77,796
3,162
24,598
114,220
8,181
39.832
400
3,880
1.831
Total expenditure
230.849
48,928
1.831
127,157
408,765
Net gain/l10551 on
monetary investments
Net gainll10551 on
inve5tTnent property
di5posals/revaluations
1.857
23.410
177
25,444
1143,4921
1143,4921
Net Incomellexpenditurel
1171,9941
15.447
10.719
155,7881
1201,6161
Transfeis between funds
1836,8661
802,746
113,0371
47,157
11,008,8601
818,193
12,3181
18,6311
1201.6161
Other rètO8nised gains and losses
Revaluation of tangible
fixed assets
Net movemeni in funds
11,008.8601
818,193
12,3181
18.6311
1201,6161
Retonclllation ol funds
Total funds brought forward
Total lunds carried fowward
7,975.898
6,967,038
659,743
1,477,936
58,495
56,177
66,523
57,892
8.760,659
8,559.043
20

Rlchmond and Hounslow Circult of the Methodist Church
Notes to the account5
for the year ended
IAU
ust 2025
4 Income from charftable actlvltles
Unrestri¢ted
funds
Restrlrted
funds
Total
2025
Unrestrfrted ftes￿rted
funds
funds
Totsl
2024
Assessments
Performance related grants..
Urban Mission
Pioneering Ministry
Lay Pastor
Community Pastor
Contributions from churches:
Pioneering Mlnlstry
Lay Pastor
Community Pastor
Other
152,908
152,908
164.616
164,616
21,000
Is,000
20,000
20,OC¥)
21,000
15,01)0
20.CrfJ)
20.CO)
21,000
15,000
20.OJO
21,000
15,000
20.000
5,004
8,000
5,004
8,000
8,Q)O
I,coo
i.ojo
826
826
152.908
91,000
243.908
165,442
69,004
234,446
The Circuit comprised 7 churche5 and each is assessed for a contrtbution to meet the overall net costs of the Circuit using
formula based on assessable income.
5 Income from othertradln8 artivltles
Total
2025
Total
2024
Other income
Employment Cost recharge5- church staff
21,717
20,013
The Circuit employs lay staff on behalf of several of the chuKhes and their costs are recharged as appropriate.
All income from tradlng artivities relate5 to unrestricted funds.
21

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
forthe year ended
I'AU
ust 2025
6 Irwestmont Income
Qrcult Model Desi8nated
Trust
funds
luDrestrfctedl
unTe5tritted
Re#ricted &
Endowment
funds
Total
fvnd5
2025
Totsl
nds
General fund
unr*stncted
Rentsl income
Income from unlisted
investments
Interest receivable
Loan Interest receivable
I2,6(￿•
12.600
6,152
12,550
7,924
546
5,554
52
12,247
44,365
56,612
1,320
48.145
1,650
1,320
Total
12,793
49,919
12.600
1,372
76.684
70,269
In¥estm•nt Income- prlor year
Clrcult Model Des18nated
Trust
funds
unrestridèdl
unrestrided
Restrlrted &
Endowment
funds
Total
funds
2024
General fund
unrestrirt¢d
Rental income
Income from unlisted
investments
Interest receivable
Loan interest receivable
12,550
12.550
7.924
725
7.130
69
14,310
33,835
48,145
1.650
1,650
Totsl
15.035
40,965
12,550
1.719
70.269
22

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
7 StI￿ndS and salarfes
Unrestrirted
*unds
Re5trftted
funds
Total
2025
Unrestrirted
funds
Restricted
funds
Total
2024
Stipends
Social Security cost5
Pension contributions
Apprenticeship levy
65.556
7,178
12,408
328
62.454
6,709
12.408
312
128,010
13,887
24,816
640
61,372
5,959
15.624
307
58.468
5,558
15,624
293
119.840
11,517
31,248
600
Luy5toff
Salaries and wages
Social Security costs
Pension contributions
Apprenticeship levv
47,435
3,149
2,636
236
59.869
6.956
1.600
300
107,304
10.105
4.236
536
30,737
1,297
1,650
152
31.087
3,035
61.824
4.332
1,650
307
155
Total
138,926
150.608
289,534
117,098
114,220
231,318
There were no employèes whose annual remuneration was more than £60,000.
There is no accrual for holtday pay as it Is immaterièl." the holiday year ends on 31 August. All staff are paid at or above
the London Living Wage.
Each Presbyter or Deacon is entvtled to a 3 month sabbatical every 5 years and expenses incurred are met by
the Connexion with the Circuit continuing to pay thè stipend. During the year there have been 212024.. no) sabbatical5.
The Circuit does not accTue for holiday pay cover as the remaining staff cover the sabbaticals as needed and without
extra pay.
8 Staff numbers
The average ntjmber of employees wa5 85 fo11ows'.
2025
2024
Headcount
Headcount
Presbyters
Deacons
Lay Pastor
Community Pastor
Administration Circuit
Administration & cleaning- Churches
io
The Circuit art5 as the employer for all staff in the circuit whether based in the circuit or the local churches. Staff costs
for those staff working within local churches are recharged to their respective churches.
23

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
f¢Jr thwear ended
31
9 Property exPendI￿re
The Circllit is Managing Trustee for 5 manses. 4 of whlch are occupled by ministers Statloned in the Circuit. One manse 15
let on an A55ured Shorthold Tenancy.
Until rts sale in March 2024. the Clrcult also acted as Managing Trustees for the closed church at Brentford.
Unrestr5cted
funds
Restrlcted
funds
Total
2025
Unrestrl¢ted
fvnds
Restrfcted
lunds
Total
2024
Manses
Council tax
Water
Insurance
Maintenance contracts
Repairs & maintenance
Other costs
Refurbishment
4,246
1,759
5,041
291
3,436
675
28,319
6,595
1,553
10,841
3,312
5,041
291
3,436
675
28.319
4,418
1,870
5,280
251
7,222
655
25,798
6,837
1,344
11.255
3.214
5,280
251
7,222
655
25.798
Closed churches
Insurance
Surveyor
Other costs
5.299
1.800
622
5,299
1,800
622
43,767
8,148
51.915
53.215
8,181
61.396
24

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
10 Other tosts
Unrestricted
lunds
Restrfcted
funds
Total
2025
Unrestrfrted
funds
Restrirted
funds
Total
2024
Telephone & Broadband
Travel
Printing, Postage & Stationery
Resources
Recruitment
Other office costs
Farewell and other 8ift5
LeBal & professional fees
Youth club
Accountancv
Audit fees
Website
Depreciation
Removal costs
2,502
1,633
1.228
1.138
2.481
1,214
406
327
4.983
2,847
1.634
1,465
1,632
1.191
1.186
13
i.iii
1,443
244
200
826
2.055
1.177
324
80
3,687
2.368
1.510
93
I,iii
1,687
244
200
826
1.580
559
1,580
559
244
1.274
1.274
11.680
27
200
11,680
27
200
li,￿0
41
Ii,ooD
41
Subtotal (general fundl
21,821
18,887
Letting costs.. management fe
Letting costs-. repairs
1,735
384
1,735
1,729
102
1,729
102
Subtotal (designated funds)
2,119
1,831
23,940
4,428
28,368
20,718
3,880
24,598
11 Trustees and Related party transactions
The Circuit Superintendent, Presbyter5, Deacons and the Circuit stewards form the Circuit Leadership Team and are
cons￿dered as Key Management Personnel.
None of the trustees receive any remuneration for their role as trustee.
Presbyters and Deacons are trustees and details of their stipends and expenses are..
Deacon
Richard
2025
Deaco
Kathv
2025
Rev G Farrar
2025
Re¥ A Nyawo
2025
Stipend
Pension costs
Computer allowance
Travel
Telephone & internet
Removal
Other expense5
34,122
6,204
207
1.199
31,020
6,204
207
329
31,020
6,204
207
399
527
31,020
6,204
207
391
1.469
28
652
24
25

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
Deacon
Rlchard
2024
Deacon
Kathy
2024
Rev G Farrar
2024
Rev A Nyawo
2024
Stipend
Pension costs
Computer allowance
Travel
Telephone & internet
Removal
Other expenses
31,978
7.812
194
749
29,040
7,812
194
370
29.040
7.812
194
230
904
29.040
7.812
194
687
1,205
605
34
499
102
Margaret Logan and Carol Powers were remunerated for their roles as Circuit Administrator and Lay Pastor respertively.
Lay
Grcuit
Lay
Clrcuit
Pastor
Admin
Pastor
Admin
2025
2025
2024
2024
Remuneration
Pension costs
Other benefit5
37,071
13,382
803
312
34,277
12,524
751
312
37,071
14,497
34.277
13,587
The legal authority for payment to trustees in their roles as ministers or employees of the Circuit is contained within the
Model frust5.
Manses are provided by the Circuit for Presbyter5 and Deacons and the Circuit maintains the properties. The value of
Council Tax and water charges paid by the Circuit is not disc105ed here as HMRC does not regard this a5 a benefit in the
hands of the minister.
Lay staff received travel expenses in relation to their roles. but none in respect of their roles a5 trustees.
No other tru5tee$12024'. 11 received expenses 12024.. £1241 in respect of their Circuit role.
The aggregate amount of donations to the Circuit received from trustees in the year was £nll12024.. £nill.
All of the trustees are members of one or another church within the Circuit and may be trustees in their churches.
Related parties include the Methodist Connexion, the London District and thé Churches within the Circuit which are listed
below.
BarThes
Chi5wick
Heston
Hounslow
Putnev
Richmond ILEPI
Roehampton
26

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
The District Assessment is calculated for Circuits within the London District based on a formula which take5 into account
ministerial staffin& membership, free reserves. general fund surpluses and cash balances. The Levy is calculated on a sliding
scale percentage of the Circuit'5 CMTF account balance at 31 ALSgust of the previous financial year.
General
fund
Clrcuit Model
Trust
Totsl
2025
General
fund
Clrcuit Model
Trust
Total
2024
District Expense5
Methodist Church Fund
Levy on CMTF funds
5.400
32.100
96,613
5.467
32.497
5.467
32,497
39,832
32,100
96,613
39.832
37,500
96,613
134,113
37,964
39,832
77,796
The Circuit ha5 a loan agreement with Barnes church. FLSrther details of the loan, together with the amount
outstanding at the year end, are in note 15.
12 TanBible fixed assets
Freehold
land and
buildin
Total
Cost or volu0t￿n
At I September 2024
Revaluation
Additions
Disposals
6,305.0(X)
6.305.000
i.ocK)
I,ocK)
At 31 August 2025
6,305,000
I,C)CK>
6,306.000
Accumulated depreciotion
At I September 2024
Charge for the year
Disposals
200
200
At 31 August 2025
200
200
Net book value
At I September 2024
6,305,000
6,305,0(X)
At 31 ALJSUSt 2025
6,305,000
800
6,305,800
Land and buildings were revalued at 31 August 2023 by Sander50n Weatherall LLP, independent valuers not connected with
the charity, on the basis of market value. The valuation conforms to International Valuation Standards and wa5 based on
recent market transactions on arm5 length terms for similar properties.
The valuation of £6,305,000 is split between Land values of £4,413,5CX) and building valves of £1,891,500.
27

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
13 Investment property
Foir volue
At I September 2024 and 31 Au8U5t 2025
450,0
Investment property comprised one manse which is let out to tenants. The fair value of the manse has been arrived at
on the ba515 of a valtjation carried out at 31 August 2023 by Sanderson Weatherall LLP, who are not connected with
the charity and then updated to reflect property valuatign trend5 in the local area.
14 Fixtd asset investments
Brentford
Church
Surplus
funds
Alfred Lass
Totsl
2025
Total
2024
CMTF
uest
At I September 2024
Unrealised gain
Income
Capital income
Charges and transfers
1,404,836
2.489
49.919
32,266
48
846
3,832
2.470
1.443,404
2,542
51,000
684.109
25,444
42.296
886.508
1194,9531
183
52
1567.7331
18461
1121
1521
1568,6431
Market value at 31 August
889,511
32,314
4,￿3
2,475
928,303
1,443,404
Consisting of..
Managed Mixed Fund
Managed Equity Fund
Trustees Interest Fund
196,794
84,484
608,233
25,903
2,475
225.172
84,484
618,647
224,756
82.358
1.136.290
6.411
4.003
889,511
32,314
4.003
2.475
928,303
1,443,404
The funds that support the Circuit Model Trust Fund and the Circuit's Other funds are held by TMCP.
The Brentford Church and Surplus fund5 may be used for any PLJrpose and form part of the General Fund.
FIX￿ assèt investments- prior yèar
Brentford
Church
Surplus
funds
Alfred Lass
uest
Total
2024
CMTF
At I September 2023
Unrealised gain
Income
Capital income
Charges and transfers
647,762
23,410
40,965
886,508
1193,8091
30,409
1,857
1.075
3,645
2,293
177
69
684,109
25.444
42,296
886,508
1194,9531
187
11.0751
1691
Market value at 31 August
1,404,836
32,266
3,832
2,470
1,443,404
Consisting of..
Managed Mixed Fund
Managed Equity Fund
Trustees Interest Fund
196,431
82.358
1,126,047
25,855
2.470
224,756
82,358
1,136,290
6,411
3,832
1,404,836
32,266
3.832
2,470
1,443,404
28

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
2025
15 Debtors
2025
2024
Due within one year:
Trade debtors
Prepayments and accrued income
Loan to Barnes church
Other debtors
1.737
14,559
12,000
959
27,551
12,000
474
40,025
29,255
Due after more than one year:
Loan to Barnes church
26.970
37,650
Total debtors
66.995
66.905
The loan to Barnes church is repayable at £12,C4)O per year over S years. Interest is added to the loan on an annual,
non cumulative basis. The interest rate in 2023-24 and 2024-25 was 2.75%.
16 Credltors: amounts fallin8 due wTthln one year
2025
2024
Trade creditor5
Deferred income
Accruals
12,721
24,986
12,115
364
6,283
ii,oco
Total
49,822
17,647
Deferred Income
2025
2024
Balance at beginning of yèar
Amounts released to Income
Amounts deferred in the year
6,283
16,2831
24,986
67,757
167,7571
6,283
8alance at the end of the year
24.986
6,283
Income is deferred when It has been invoiced or received in advance of the relevant activity bein8 carried out
or lin the case of 8rant income) when performance-related conditions have fiotyet been met.
29

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
17 Movements in funds
At I septeM￿r
2024
Incomlng
resources
Outgoiftg
resources
Gains &
losses
At 31 August
2025
Transfers
Endowment fUr￿S
F Alfred Lass Bequest
2,470
52
181
1441
2,475
Restricted funds:
Barnes Church loan
49,650
1,320
112,(X)Dl
38,970
Labyrinth
1,000
12,5531
1,553
Pioneering Ministry
Urban Mission
Lay P35tor
Community Pastor
1,856
4,344
14281
20.TrJ)
21,TrJ)
28,000
21,000
146,7091
146,7721
137,5721
132,1761
29,100
28.981
8,900
12,870
4.247
7,553
11,1001
1,694
Total restrFcted fLtnd5
55A22
92,320
1165,782)
69.404
51,364
Unrestricted funds:
Designated funds
Manse repairs
Training
Children & Youth
Urban Mission
53,097
2,31X)
780
53,097
2,300
12.600
12.1191
110.4811
Total designated fund5
56.177
12.600
12,1191
110,4811
56,177
General funds
Circuit Surplus fund
Brenrford church TMCP funds
Investment propertv
revaluation fund
Fixed asset
revaluation fund
Circuit Model Trust Fund
175.940
3,832
32,266
186.389
183
846
1244.9031
62,185
179.611
4,003
32,314
11051
48
17411
450,000
450,0(KI
6.305,ODD
1.477,936
6.305,(XX)
982,111
49,919
1427.9101
2,489
1120,3231
Total unrestricted funds
8,501,151
249,937
1675,0491
2,537
169,3601
8,009,216
Total funds
8.559,043
342,309
1840,8391
2,542
8.063,055
30

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
17 Movements Sn fund5 {Cont'dl
Movements In funds- previous year
At I September
2023
Incoming
resources
Out8oin8
resources
Gains &
losses
At 31 August
2024
Transfers
Endowment funds
F Alfred Lass Bequest
2,293
69
171
177
1621
2,470
Restrtctéd funds:
Barne5 Church loan
Go,￿0
1.650
112.0001
49.650
Pioneering Ministry
Urban Mission
1.500
2,730
20.004
21,000
28.000
469
145.6481
146,1051
134.9281
14691
26,000
26.719
6.500
1.856
4,344
14281
Lay Pastor
Offerings
Total restricted funds
64.230
71.123
1127,1501
47.219
55.422
Unrestricted funds:
Dèsignated funds
Manse repairs
Training
Children & Youth
Closed church expenses
Urban Mission
53,097
2,300
780
2.318
53,097
2,300
780
12.3181
110.7191
12,550
11.8311
Total designated fund5
58,495
12,550
11.8311
113.0371
56,177
General funds
156,844
3.645
30,409
199.218
197
1230,7521
iioi
1871
1143,4921
194.122
175,940
3,832
32,266
Circuit Surplus fund
Brentford church TMCP funds
1,075
1.857
19881
Investment propertv
revaluation fund
Fixed asset
revaluation fund
Circuit Model Trust Fund
Grants paid in advance
Owing to GF fof manse repair
1,480,000
11,030.0001
4SO.000
6,305,000
647,762
48.500
136.5191
6,305,000
1,477,936
40,965
148,9281
23,410
814.727
148.5001
36.519
Total unrestricted funds
8,694.136
254,005
1281,6081
1118,2251
147,1571
8,501,151
Total funds
.760,659
325,197
1408,7651
1118,0481
8.559,043
31

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accotsnts
for the year ended
31Au
U5t 2025
17 Movements in funds (Cont'd)
Purposes of re5trirted funds
Urban Mission. Pioneering Ministry. Lay Pastor- these funds support particular ministries within the Circuit.
Offerings- collected for spÈ¢ifi¢ Connexional funds.
Purposes of desiBnated funds
These funds have been set aside by the Circuit Meeting to serve specific purposes but are not restricted by any document
01 deed to that purpose alone.
Manse repairs- for major repairs o¥ iefurbishments not covered by the annual amounts within the general fund.
Training- unspent budget from prior years agreed to be set aside for future trainin@ needs.
Children & Youth unspent budget fyom prior years agreed to be Set aside for future needs in this area of work.
Urban Mission- receives the rent (less fees and costsl from the Roehampton manse which the trustees have agreed
to be used to support this particular ministry.
General fund for use at the discretion of the trustees in the furtherance of the general objective5 of thè Circuit and
which have not been de51gnated for other purposes.
Circuit Model Trust Fund for use at the discretion of the trustees in the furtherance of the general objertives of the
Circuit. Its main sourte of income 45 legècies and proceeds13fter fees and levies) fiom the sale of manses and churth
buildings in the Circuit.
Although this 15 an unrestricted fund under the control of the Circuit Meeting, prior approval is Still required from the
District to utilise these funds. Methodlst Standing Orders 917, 930 and 931 are applicable.
Circuit property is carried in the General fund but upon sale the net proceeds are proce55ed through the Circuit Model
Trust Fund. The sale during the year of the former Brentford church gave rise to a transfer of £886.508.
18 Analysis of net assets between funds
Unre5trirted Circuit Model
funds
Trust
Designated
funds
Restricted
funds
Endowment
funds
Total
funds
Tangible fixed assets
Investment propertv
Investments
Net current assets
6.305,800
450,000
36,317
178,811
6.305,800
450,000
928,303
378,952
889,511
92,600
2,475
56,177
51,364
Net assets at 31 August 2025
6,970,928
982,111
56,177
51,364
2,475
8,063,055
32

Richmond and Hounslow Circuit of the Methodist Church
Notes to the accounts
for the year ended
31Au
ust 2025
Analysis of net assets between funds- prevlous year
Unrestrirted Cif¢Uit Mod
funds
Trust
Designated
funds
Restricted
fund5
Endowment
funds
Totsl
funds
Tangible fixed a55ets
Investment propertv
Investments
Net current assets
6,305,(M)O
450,000
36.098
175.940
6.305,(￿0
450.OfY)
1,443.404
360.639
1,404,836
73,100
2,470
56,177
55,422
Net assets at 31 August 2024
6.967.038
1,477,936
56,177
55,422
2,470
8.559,043
19 Events afterthe balance sheet d*e
At the Circuit Meeting held on 30 September 2025. the meeting agreed that the Circuit should release Barnes Methodist
Church from the loan made to it by the Circuit and accordingly the value of the loan will be written down to Zero at that date.
20 Reconclllation of net movement in funds to net cash flow from operatSn8 artivlties
2025
2024
Net surpluslldeficitl for the reportin8 year
las per the statement of financial activities)
1495.9881
1201,6161
Adjustments for:
L055llGainl on investments
LossIIGainl on investment property
Depreciation charge
Investment charges
Interest income from investments
Decrease/llncreasel in debtors
Increa5e/ldecreasel in creditors
12,5421
125,4441
143.492
2CK)
176,6841
110,7701
32,17S
170.2691
87,700
1138.9091
Net cash Iu5ed inllprovided by operating activities
1553,6091
1205,0461
33