## **TRUSTEES REPORT & ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025** **Charity Registration No: 1134517** **HARLESDEN METHODIST CHURCH** ## **TABLE OF CONTENTS** ||Page| |---|---| |Legal & Adminstrative Information|3| |Trustees Report:|4 to 5| |Mission Statement of Harlesden Methodist Church|| |Financial Review|| |Risk Assessment|| |Trustees’ Responsibilities|| |Mission Statement of Harlesden Methodist Church|| |Reserve Policy|| |Declarations and Scrutiny|6| |Independent Examiner's Report|6| |Standard Form of Accounts|8| |Statement of Financial Activities (SOFA)|9| |Balance Sheet|10| |Notes forming part of the Financial Statements|11 to 13| Charity Registration No: 1134517 2 **HARLESDEN METHODIST CHURCH** **LEGAL AND ADMINISTRATIVE INFORMATION** Charity Registration No: 1134517 ## **Names of Trustees:** Revd Paul Wood (Superintendent) Revd SangWoo Seo (Minister) Easmon Lavaly (Secretary) Josephine Nanor (Acting Secretary) Kofi Baah (Treasurer) Joana Idun Ellen Boakye Ingrid Yarde Sethlena Asante Rupert Mikely Val McCallum Kafui Aheto **Stewards (ex-officio Trustees)** David Boampong Florence Doherty Donnette Frater Hannah Dougan John Ampofo Bevan Powell Julian Bridgeman Esther Bullen Eric Oduro Mena Mainoo Veronica Boateng James Howard Jackie Cochrane ## **Minister** Revd. SangWoo Seo ## **Registered Address** 25 High Street, Harlesden, London, NW10 4NE. ## **Bankers:** HSBC Bank Plc 22 Victoria Street, Westminster, London, SW1H 0NJ Central Finance Board of the Methodist Church (CFB) 9 Bonhill Street, London, EC2A 4PE ## **Advisors:** Trustees for Methodist Church Purposes (TMCP) Central Buildings, Oldham Street, Manchester, M1 1JQ ## **Independent examiners:** AJN & CO LTD Chartered Certified Accountants & Business Advisors 2 Silver Streak Way Rochester ME2 2GY Charity Registration No: 1134517 3 **HARLESDEN METHODIST CHURCH** **TRUSTEES REPORT** ## **Governance and Management** The Managing Trustees (Church Council) have overall responsibility for ensuring the proper administration of the charity; the safeguarding of the assets of the charity; the records of account and the compliance with all relevant laws and regulations. ## **Committees/Membership** The main committees are Finance & Property, Pastoral and Church Council. These committees are accountable to the charity and are charged with examining the effectiveness of the system of governance and making recommendations to the Managing Trustees. The overriding strategy for the life and mission of the charity is the responsibility of the Managing Trustees. The church currently has membership of about 120 adults and the total community roll is about 400, including children. ## **Charitable Objectives and Mission Statement** The calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out its discipleship in worship and mission. It does this through: Worship, Service, Evangelism and Learning & Caring. In partnership with others wherever possible, the Methodist Church will concentrate its prayers, resources, imagination and commitments on this priority: _To proclaim and affirm its conviction of God's love in Christ, for us and for all the world; and renew confidence in God's presence and action in the world and in the Church_ . As ways towards realising this priority, the Methodist Church will give particular attention to the following: • Underpinning everything, we do with God-centered worship and prayer; - Supporting community development and action for justice, especially among the most deprived and poor - in Britain and worldwide; • Developing confidence in evangelism and in the capacity to speak of God and faith in ways that make sense to all involved; - Encouraging fresh ways of being Church. • Nurturing a culture in the Church which is people-centered and flexible. ## **Mission Statement of Harlesden Methodist Church** Harlesden Methodist Church has developed a mission statement setting out key policies. In summary it states the following objectives: ▪ Make disciples of Jesus Christ ▪ Encourage and support young people in the church and beyond ▪ Serve local community and wider world in both spiritual and practical ways ▪ Unite with fellow Christians locally and throughout the world ▪ Recognize and celebrate our unity and diversity and work to overcome division. ## **Review of Activities** The church has become part of the Notting Hill and Harlesden Methodist Circuit following the merger of the two circuits in September 2024, and it welcomed the new minister, Revd SangWoo Seo. As a Christian church, and in line with its mission statement, Harlesden seeks to provide opportunities for Christians to grow in their faith through worship and fellowship, and to bring the Christian message of love and forgiveness to those who are not yet believers. A worship service is held each Sunday morning, with Holy Communion once a month. Bible Fellowship meets twice a week, on Monday evenings and Tuesday afternoons, alongside a weekly women’s fellowship. During Advent, a good number of church families participated in the reading of the whole New Testament. We have seen a steady increase in average participation at Sunday worship, rising from 60 to 75. Under the strong dedication of the property and finance committee, supported by the church council, the church has completed significant building work. This includes the renovation of Flat 4B, which had been vacant for around three years due to its uninhabitable condition, as well as improvements to the first-floor toilets, several offices, and the heating system. As a result, more community groups are using the premises, which raise funds for the church. In partnership with other denominations, the church has continued to support Horizons Fresh Food Bank, which meets on our premises and distributes food provided through the Felix Project and City Harvest. The food bank is run by local church and community volunteers, who continued to meet every Friday throughout the pandemic, helping around 100 people each week. The use of our premises by local community organizations, both Christian and non-Christian groups, has increased during this period, and this trend continues to grow. The church is part of Churches Together in Harlesden and takes part in various Christian activities with other Christian traditions in the area. ## **Financial Review Incoming Resources:** The church’s sources of income are primarily through rent income from regular users of its premises, residential letting and voluntary donations from its generous members. Total income during the year was £217,469 (2024: £172,091), an increase of £45,378 explained primarily by additional grant receipt of £25,000 and general increases in donations to support projects in the church and income from lettings. ## **Resources Expended:** Expenditure for the year totaled £309,497 (2024: £157,450) explained primarily by refurbishments of flat 4b Tavistock and the residency of the new minister. Charity Registration No: 1134517 4 **HARLESDEN METHODIST CHURCH TRUSTEES REPORT** ## **Risk Assessment** The charity depends on voluntary contributions from members and a decline in voluntary contributions may affect the church's ability to meet its obligations. The charity also has rooms that it rents out for social gatherings and this fund is utilised to meet the financial obligations of the charity. The Finance and the Property Committee take responsibility for risk assessment that involves a review of the charity’s procedures on an ongoing basis. ## **Trustees’ Responsibilities** The Trustees are responsible for preparing the financial statements that give a true and fair view of the charity’s financial activities in the course of the year and at the end of the year. In preparing the financial statement, the trustees are required to; ▪ select suitable accounting policies and then apply them consistently; ▪ make judgements and estimates that are reasonable and prudent; ▪ state whether applicable accounting standards and statement of recommended practice have been followed, subject to any departures disclosed and explained in the financial statement; ▪ prepare the charity financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Reserve Policy** The Trustees have agreed to maintain a level of 12-week operational costs as reserves in the current year. ## **Public benefit statement** The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, “Charities and public benefit”. These financial statements have been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities. Approved by the trustees and signed on their behalf by: san sangwoo seo gwoo seo (Jun 25, 2026 09:02:32 GMT+1) Revd Sang Woo Seo Kofi Baah Minister Treasurer Charity Registration No: 1134517 5 **HARLESDEN METHODIST CHURCH No 35/13** ## **Declarations and Scrutiny** I confirm that these accruals-based accounts for the year to 31 August 2025 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees. ## 22/6/26 Signature of treasurer **……………………………………………………… Date……………………..** Name of treasurer : Kofi Baah Address: 15 Edgware Way London Post Code: HA8 9SS ## **Presentation to the Church trustees** I confirm that the annual report and accounts for the year ended 31 August 2025 were presented to the meeting of the Church trustees held on …………….. sangwoo seo Signature of the Chair of the meeting: **……………………………………………………………………** sangwoo seo (Jun 25, 2026 09:02:32 GMT+1) ## 25/06/2026 Name of the Chair of the meeting: SangWoo Seo **…………………** Date **……………………** ## **Independent Examiner’s Report to the Trustees of the Harlesden Methodist Church** ## **Charity Number 1134517** ## **Responsibilities and basis of report** I report to the trustees on my examination of the accounts of the Harlesden Methodist Church for the year ended 31 August 2025 set out on pages 9 to 13. As the Church’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Church’s accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act ## **Independent Examiner’s Statement** The Church’s gross income was £217,469 and I am qualified to undertake the examination by being a qualified member of (Association of Chartered Certified Accountants). I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts do not accord with the accounting records; or  the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view, which is not a matter considered as part of an independent examination - the trustees’ annual report is not consistent with the accounts I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I have not obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner: Name of independent examiner: **Isaac Addai** Relevant professional qualification of independent examiner: **FCCA, FFA, FIPA, MBA(Finance), BA(Hons)** Name of firm: **AJN & CO LTD** ## **Chartered Certified Accountants & Business Advisors** Address: **2 Slver Streak Way, Rochester ME2 2GY** > Date: 25/06/2026 Charity Registration No: 1134517 6 **Church Accrual Accounts 2024-2025** ## **THE METHODIST CHURCH** ## **STANDARD FORM OF ACCOUNTS** ## **ACCRUALS BASIS for the year end 31 August 2025 HARLESDEN METHODIST Church** |**Church**
**ACCRUALS BASIS**
**for the year end 31 August 2025**
**HARLESDEN METHODIST**|**Church**
**ACCRUALS BASIS**
**for the year end 31 August 2025**
**HARLESDEN METHODIST**||| |---|---|---|---| |**Registered Charity - Registration number**||**1134517**|| |This will applyto all Charities in Scotland and to a|ll Charities in England and Wales which are Registered Charities.||| ||**Circuit no**|**35/13**|| |**Church Stewards**
**Treasurer**
**Minister**|||| ||**REV. SANG WOO SEO**||| ||||| ||**DONETTE FRATER**
**VERONICA BOATENG**
**JAMES HOWARD**
**DAVID BOAMPONG**
**FLORENCE DOHERTY**||| ||**KOFI BAAH**||| Charity Registration No: 1134517 8 ## **Name of Church: Harlesden Methodist** ## **Church No: 35/13** ## **Statement of Financial Activities (SOFA) for the year ended 31 August 2025** |**Notes to the accounts**
**Income**
1 Offerings
2 Donations
3 Gift aid
4 Interest and investment income
5 Income from investment properties
6 Income from Lettings
7 Other charitable income
8 Grant
9 Other Income
**Total income**
**Expenditure**
10 Circuit assessment or share
11 Salaries and associated cost
12 Property maintenance
13 Insurance,utilities etc
14 Depreciation
15 Office expenses
16 Other expenditure
17 Charitable donation
18 Internal organisations
**Total charitable expenditure**
19 Gains/(losses) on monetary investments
20 Gains/(losses) on investment properties
**Net income/(expenditure)**
21 Transfers between funds
22 Other gains/(losses)
**Net movement in funds**
23 Total funds brought forward
**Total funds carried forward**|**General Fund (Unrestricted)**
**Designated Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2024-25**
**Total 2023-**
**24**
£
£
£
£
£
33,633
**33,633**
**37,738**
14,058
**14,058**
**8,081**
11,404
**11,404**
**10,511**
6
**6**
**-79**
17,050
**17,050**
**17,550**
85,865
**85,865**
**73,508**
1,394
-
**1,394**
**1,744**
52,665
**52,665**
**21,259**
1,393
**1,393**
**1,780**
**164,804**
**52,665**
**-**
**-**
**217,469**
**172,091**| |---|---| ||125,797
**125,797**
**60,123**
21,778
27,665
**49,444**
**43,945**
15,409
**15,409**
**21,203**
32,480
**32,480**
**19,920**
-
**0**
**0**
6,558
**6,558**
**5,666**
54,608
25,000
**79,608**
**6,594**
200
**200**
**0**
**0**
**0**
**256,832**
**52,665**
**0**
**0**
**309,497**
**157,450**| ||**0**
**0**
**0**
**0**
**-92,028**
**0**
**0**
**0**
**-92,028**
**14,641**
**0**
**0**
2,500
**2,500**
**0**
**-89,528**
**0**
**0**
**0**
**-89,528**
**14,641**| ||2,604,201
**2,604,201**
**2,589,560**
**2,514,674**
**-**
**-**
**-**
**2,514,674**
**2,604,201**| Charity Registration No: 1134517 9 **Name of Church: Harlesden Methodist** **Church No: 35/13** ## **Balance Sheet as at 31 August 2025** |||**Balance Sheet as at 31**|**August 2025**||||| |---|---|---|---|---|---|---|---| |**Notes to the**
**Accounts**
**Fixed Assets**||**General Fund (Unrestricted)**
£|**Designated Funds**
**(Unrestricted)**
£|**Restricted**
**Funds**
£|**Endowment Funds**
£|**Totals 2025**
£|**Totals 2024**
£| ||||||||| |Church building and other property||2,200,000||||2,200,000|2,200,000| |Investme|nt properties|400,000||||400,000|400,000| |Other fixe|d assets|0||||0|0| |**Current A**|**_Total fixed assets_**|**2,600,000**|**0**|**0**|**0**|**2,600,000**|**2,600,000**| ||**ssets**||||||| |Debtors a|nd prepayments|16,739||||16,739|17,556| |Loans||||||0|| |Investme|nts with TMCP|4||||4|129| |Cash at B|Central Finance Board Deposits|136||||136|4| ||ank and in hand
**_Total current assets_**|3,512||||3,512|2,313| |**Current li**||**20,392**|**0**|**0**|**0**|**20,392**|**20,002**| ||**abilities**||||||| ||Creditors(due in under 1year)|105,717||||105,717|15,800| |Grants payable within 2025-26||||||0|| ||**_Total current liabilities_**|**105,717**|**0**|**0**|**0**|**105,717**|**15,800**| ||**_Net current assets/liabilities_**|**-85,326**|**0**|**0**|**0**|**-85,326**|**4,202**| ||||||||| ||**_Total assets less current liabilities_**|**2,514,674**|**0**|**0**|**0**|**2,514,674**|**2,604,201**| ||||||||| ||**Long term liabilities**
**(due after more than one year)**||||||| |Grants payable after 2025-26||||||**0**|| ||Loans to the Church|||||**0**|| |||||||**0**|| |**Funds of**|**_Net assets_**|**2,514,674**|**0**|**0**|**0**|**2,514,674**|**2,604,201**| ||**the Church**||||||| |General F|und (Unrestricted)|2,514,674||**0**||2,514,674|2,604,201| |Designated Funds (Unrestricted)|||0|||0|0| |Restricted|**_Total Unrestricted Funds_**|||||**2,514,674**|**2,604,201**| ||Funds|||**0**||0|| |Endowme|nt Funds||||**0**|0|| ||**_Total Funds_**|**2,514,674**|**0**|**0**|**0**|**2,514,674**|**2,604,201**| Signed Church Treasurer : Kofi Baah Charity Registration No: 1134517 10 **HARLESDEN METHODIST CHURCH NOTES TO THE ACCOUNTS** ## **1. Accounting policies** ## **Basis of accounting** The accounts have been prepared on the basis of historical cost, except that investment properties are shown at market value at the end of the reporting year, and on the accrual basis to show true and fair view of the Church's financial position and activities ## **Funds** The funds held constitute: General Funds held for any purpose of the Church which are Unrestricted. Restricted funds which are held for a narrower purpose or has a restriction imposed by the donor and can be used for specific purposes. This may include grants and those for internal organisations. ## **Going Concern** The Trustees consider that there are no material uncertainties about the entity's ability to continue as a going concern. ## **Incoming Resources** Income is included in the Statement of Financial Activities (SOFA) when the Church becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability. ## **Resources Expended** This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Church to pay out resources. ## **VAT** Since the Church is not VAT registered, all input VAT is charged with the expenses to which it refers. ## **Tangible fixed assets for use by the Church** These are capitalised if they can be used for more than one year, and individually cost at least £1,000. All building fixed asses are capitalised with only the building element depreciated. ## **Investment Properties** Residential rental properties are treated as investment properties.Their valuations are based on vacant possession values reduced by one third to reflect their tenanted status. Charity Registration No: 1134517 11 **HARLESDEN METHODIST CHURCH NOTES TO THE ACCOUNTS** ## **2. Related party transactions: Payment to Trustees** |Payments made to trustees for additional services provided to the Church by agreement with the
Church Council Meeting
Number of trustees who were paid expenses
Total amount paid
**3. Fees for examination or audit of the accounts**
Independent examiner’s or auditors' fees for reporting on the accounts
Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor
**4. Paid employees**
**Staff Costs paid during the year were:**
Gross wages, salaries and benefits in kind
Employer’s National Insurance costs
Pension costs
Holiday cover for staff & Apprenticeship levy
Total staff costs
Average number of staff employed during the year were:
The church provides a money purchased pension arrangement with Nest Pension
There were no employees whose annual remuneration exceeded £60,000.
**5. Analysis of current assets**
Debtors and prepayments
Rent in arrears
Gift aid
Other debtors and prepayments
**Total debtors and prepayments**
**6. Analysis of current liabilities and long term creditors**
Internal Organisations
Other Creditors
**Total Current Liabilities**|2025
£
-
-
-
2,500
-
43,777
3,362
954
1,351
49,444
3
5,335
11,404
-
16,739
-
103,217
103,217|2024
£| |---|---|---| |||-| |||| |||-| |||| |||-| |||| |||2,500| |||-| |||| |||35,092| |||| |||1,893| |||| |||665| |||| |||6,295| |||| |||43,945| |||| |||3| |||| |||7,044| |||| |||10,515| |||| |||-| |||| |||17,559| |||| |||-| |||| |||15,800| |||| ||103,217|15,800| ## **7. Capital commitments and contingent liabilities** At the 31st August 2025 the Church had no capital commitments. No Contingent liabilities were identified at 31st August 2025. Charity Registration No: 1134517 12 **HARLESDEN METHODIST CHURCH NOTES TO THE ACCOUNTS** ## **8. Tangible Fixed Assets** Cost or valuation |valuation||||||| |---|---|---|---|---|---|---| ||Church (non investment land &
buildings
£|Other non investment
land & buildings
£|Investment
properties
(land &
buildings)
£|Fixtures, fittings
and equipment
£|Payment on
account and
assets under
construction|Total
£| |||||||| |Balance brought forward
Additions
Revaluations (+/-)
Disposals (-)
Transfers * (+/-)
Balance carried forward|2,200,000|400,000|-|45,319|-|2,645,319| |||||||| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| |||||||| ||2,200,000|400,000|-|45,319|-|2,645,319| |Accumulated depreciation
Balance brought forward
Depreciation charge for year (-)
Revaluations (+/-)
Disposals (-)
Transfers* (+/-)
Balance carried forward
Net book value
Brought forward
Carried forward||||||| ||-|-|-|45,319|-|45,319| |||||||| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| |||||||| ||-|-|-|45,319|-|45,319| |||||||| ||2,200,000|400,000|-|-|-|2,600,000| |||||||| ||2,200,000|400,000|-|-|-|2,600,000| Charity Registration No: 1134517 13