Charity registration nujnber: 1137980
Methodist Central Hall, Manchester
knoiyn as
Methodist Central Buildings Managemen¢ Committee (MCBMC)
Annual Report and Financial Statements
for the Year Ended 31 August 2024

Methodist Central Hall, Manchester
Contents
Reference and Administrative Details
I to2
Tru5tees' Report
3106
Statement of Trustees, Responsibilities
Independent Exaininerfs Report
Stateineiit of Financial Aclivilies
Balance Sheet
io
Casli Flow SIAlement
Notes lo the Financial Statenients
12to22

Methodist Central Hall, Manchester
Reference and Administrative Details
Trustees
Laura CamRII noiv Vare
Malcoln) P¢arson (resigned 31 Aiigust 2024)
David Pickles
Rev Ian Ruiherford
Rev Caroline Wickens
Louise Wilkins
Alethea Sioiv
Rev Dr Raj Patta
Deacon Jennifer Jones (appointed 4 Septeinber 2023)
Tim Willis, Building Manager
Senloi. MRnAgenieJit Team
Pi'lnelpAI Office
Central Buildings
Oldl)ain Street
Manchester
Ml IJQ
1137980
ClIAI'lty Registratioii Number
Solicitors
BLM Laiy
King's Holis¢
42 King Sireei Wesl
Manchester
M3 2NU
BAiiker5
HSBC Bank plc
2-4 St Ann's Sqiiare
Manchester
M2 7HD
Unity Triist Bank PIC
PO Box 7193
Plan¢l8ry Road
Willenhall
WVI 9DG
Ini'estment Mniiagei
Ceiitral Finance Board of Ihe Methodist Chiirch
9 Boiiliill Slreet
Londoii
EC2A 4PE
liidepeiideiit Examiiier
Helen Binns FCA
Beever and Struihers
One Express
l George Leigh Street
Maiichester
M4 SDL
Page I

Methodist Central Hall, Manchester
Reference and Administrative Details
Propei'ty Services
Longden and Cook Commercial
Victoria Buildings
9-13 Silver Str¢el
Bury
Manchester
BL9 OEU
Page 2

Methodist Central Hall, Manchester
Trustees, Report
Tlie trustees present the annual r¢port together ii'iih the financial statements of the charity for the year ended 31
Aiigust 2024.
ClIArltAble obJeetlves And aetivitles
Piibll¢ beiiefil
Methodist Central Hall, Manchester ("MCHM") seeks to projnole, facililale and assist ivith the ivork and
pui'poses of the Meihodisl Church for the advanceinent of ihe Christian failli. In order to achieve these
objectives, MCHM aiiiis to niaintain sound finaiices and good property Inanagenient, Tlie Trustees confirin that
they liave coniplied ivith the reqiiireii)enls of seclion 4 of the Charities Act 2011 lo have diie regard to tlie public
b¢n¢fit 811idaiice. Tlie Trustees believe that by proiiioling and supporting the iyork of the Meihodist Chiirch al
Cential Biiildings. MCHM lielps lo promote the ivhole Inission of th¢ Chiirch Inore effectively* at local, Circuit
and Connexional level, and that in doing so it provides a b¢ii¢fit to the public by (l) providing facilities for
public ivorship, pasioral care and spiritiial, moral aiid intellecliial development, both for its members and for
anyone ivho ivishes to benefjt frniii ivhal the Church offers: and (2) proiiioting Christian values aiid service by
i)ieinbers of the Chiirch to the benefit of individiials and societyi as a whole.
Tlie trustees confirin that Iliey have coinplied iviih Ihe requireinenls of section 4 of the Charities Act 201 I to
have dLie regard to the piiblic benefit guidance published by th¢ charity Coiniiiission for Eiigland and WLtles.
Piirposes aiidprliielpftl iielliillles
Thc purposes for ivhich th¢ bliilding is l)eld incliide the local purposes of the local Churcli, tlie Circiiit piirposes
of the Circiiit and the Coiinexional PUTposes of the Connexional Trustees. l-he biiildings are occiipied by earh of
these Chiirch Bodies and by the Triislces for Methodist Chiirch Purposes ("TMCP"). In addition, certain retail,
otrice and meeting hall space iviihin ihe buildiftgs is lei to third parties. These accoiinls deal iviih this ienlal
income, the salaries and wages of staff einployed in inaiiaging and running Ihe buildings, and the preinises and
oilier costs not related to ihe space occupied by tlie Cl)iirch Bodies.
Slriicliirep ¥oiiernfiiice oiid inqiiugeiiieiil
Diii'ing the 202312024 year, there ivas only oiie resigiiation iyhich ivas that at Mr Malcolm Pearson (Ti'easiirer).
Deacoii Jenny Jones aiid Mr David Pickles look on the r¢sponsibilili¢s of this role oli a tel￿p01'ary basis froin I sl
Septeiiiber 2024 witli the Treasurer role to be advertised and filled during 2025.
MCHM are Managing Tr(Istees of the property and legal iitle to Central Buildiiig5 is vested in TMCP as
custodian Inislees. Tlie custodian Inislees, ii,ho hold tille lo Central Biiildings in triisl for MCEIM, do iiol gel
involved in ihe day-lo-day iiianagement of the property. tliis is ihe responsibility of MCHM, MCIIM is required,
by the terms of the Inodcl trLisls, to seek TMCP'S coiisent before granliI)g or reneiving leases and, acco1￿￿ngIy,
TMCP'S Legal team review all proposed coinlnercial lettings ii'ilhin C¢ntral Buildings, to eiisiir¢ that these are
coiisistent ivith all relevaiit laivs (including Charity laiv) and ivith th¢ Constitutional Practice and Discipline
("CPD") of Ilie Methodist Chiirch. and to e115ure that the Managing Trustees ivould iiot be in breach of ti'ust. As
managing Triistees of Central Buildingsy MCHM operates ivithin the Melhodist Chiirch Connexion and as such
their governii)g document is CPD. The docuinent is available for inspe¢lioii at Centi71 Hall, Oldhain Slreet,
Manchester Ml IJQ.
Page 3

Methodist Central Hall, Manehester
Trustee5' Report
The MCHM board consists of individuals inforinally nominated by Church Bodies, acting as individiials, and
co-opted pi-ofessionals iyho collectively are the Trustees of the charity. When a vacancy in the charity trustee
board is idenlified, a skills gap analysis is undertaken to ascertain identify suitable candidates fi'oin iyithin the
Methodist Chiirch iyho iiiight be considered for co-option. Tlie Truslees ivill consider the skills and altribiite of
the candidate(s) so identified and have aiithority to Inake appointiiients as appropriate. This appoinliiient process
miiiiinises the need for fori)ial induction procedures. Trustees serve MCHM as voliiiileers and receive no
payment for tlieir service. A sub-coinniillee of Trustees, Ivho are sitiiated ivithin ihe locality of the Chai'ity,
coinmonly referred to a5 the Operational Manageinent Group (OMG), Ivas appointed in 2020 to deal ivitl) day to
day oversiglil and Inanageiment ivithin agreed liinits of authority. The Board revieivs on a regular basis all
decisions iiiade by the OMG.
Meetings of the Trustees are attended by Tim Willis (Building Maiiager), Karen Attaivay, (Stakeholder &
Cominiinications Manager) and Stephen Hetherington (Director of Property Support).
AeliievenJei)Is aiid performaiice
Use of Ihe biiilding is noiv at the level pre-covtd, Ivith most of tlie regular bookings noiv liaving returned.
'Mosaic' continiies to be iitilised by a ivide range of groiip5 and organisalions for their social jiislice ivork.
Along ivith the Breakfasl Project run by our charity partner Lif¢share, Mosaic is being used for drop in and
advice sessions, iyorship, coi)Iinunity groups, and sober gigs.
The incoine from the retail Iinits has r¢tnained consistent, Ivilh all the retailers noiv having paid back the arreai's
from th¢ covid pandemic. This longer-temi payback iyas agreed io ensiire that the businesses I'eiiiained viable
foi. tli¢ long lerin.
The Trustee5 Colltinue to receive regular repons from tlie Ministry Teain oil Ihe mission and iiiinistiy ivoi'k
Ivl)ich eitianafes froin and iviihin Central Buildings, This includes a number of ivorsliipping Congregations, city
cenlre ivilne5s, befriending, involveiiient iviih the local auihorilies and aclion netivorks, hoineles5ness response,
iiiigrant supporl and oilier areas involving social justice. Civic, ecuinenical, and interfaiih links reiT)ain stroiig
thanks to the ivork of tl)e City Centr¢ Minister, Revd lan Ruiherford. Links ivith ihe local Circuil, Life5hare. and
a i)Iimber of organisations ivorking ivith refiJgee5 are being made stroiigei. by Ilie ivork of11)e Deacon for Cenlral
HHII, Deacon Jenny Jones. The online and coiiiinunicalions ivork of ihe Stakel)older and Coininiini¢alioi)s
Manager conliniies lo build, as do the niiiiiber of organisations and groups looking to iise Mosaic foi. the
meetings and aetivili¢s.
The Ii'ustees l)ave continued to develop detailed plans for a significant redevelopinent of Centi'al Biiildings to
expand tlie nLiinber of spaces available for Ihission. iniprove the usability of the preiiiises by its iiiany users and
to address environihental and ecoi)oinic Silslainability.
Fliithneial review
Rlsk M8llngeni¢nt
The charity's aclivities expose it to a ntimber of flnancial risks including credit risk, cash floiv risk and Itquidity
I'tsk. The use of financial derivatives is governed by tli¢ charity's policies approved by th¢ board of trustees
Ivhicl) provide ivritten principles on the use of flnancial derivalives to manage these A'isks. The charity does not
Iise derivative financial li)St￿li)entS for speculative purpos¢5.
The cliarity's aclivilies expose it priiiiarily io the financial risks of changes in exchange rates. ljiterest bearing
assets and liabilities are held at r￿ed rate, subject to the Bank of England excl)ange Tate fluctuations, lo ensiire
certainty of cash floivs.
Page 4

Methodist Central Hall, Manchester
Trllslees, Report
Th¢ charity's principal financial assels are bank balances cash, trade and oiher receivables and investinents.
An alloiyance for iinpairinent is made ivhere Ihere is an identified loss evenl which, based on pi'evious
expei'ience, is evidence of a reduction in ihe recoverability of the cash floivs. Tl)e credit risk on liquid fiinds and
derivative finaiicial instruments is limited because ihe counlerparties are banks iviih high credit ratings assigned
by international credil-rating agencies.
In order to Inaintain liqiiidity to ensiire Ihal sufficieni funds are available for ongoing operations and future
developments, the charity iises a mixtiire of long-term and short-lerjn debi finance.
PJ'incipAI funding sourees
Tlie biilk of the charitys incoinc derives from the letting of space ivithin ihe biiilding> both Contracthal and
'¢asual'.
Incoine for the year ainoiinled to £528k compared ivith £529k ihe pr¢vioiis year, a decrease of 0,250/0 coinpared
to an iiicrease of 80/r> in the previous year.
Reserves
The InAjor costs facing ihe Charity are in respect of ihe maintenance and upkeep ofthe property in order to fiilfil
the cl)arttable objectives. MCIIM has iherefore establi5h¢d a designated property reserve, as detailed beloiv, iii
order to i)ieet the costs of inajor repairs. In addilron, MCHM consider5 il Appi'opriale to hold SU￿[Clent
free reserves (unrestricted funds not invested in fixed ass¢ls or olhcrivisc designaled) equal to six iiionlhs
operating costs (excluding scheduled repairs) iji order to m¢el any shortfalls caused by tenancy voids or oll)er
unforeseen ¢ir¢uinslan¢es.
Al 31 st Aiigust 2024, the unrestricted funds totalled £2,967k (2023: £2,865k), Deducting fj.xed assets (Net book
valiie £267k) and inve5tiiient property {£2,195k) (2023: £1,912k) leaves free reserves of £505k (2023., £682k).
Designated Property Fiind
In vieiv of tlie inherent iincertainty in predicting the extent and tiii)ing of significant repair expenditure. the
Triistees resolved to designale lip lo £250,000 of unreslricled fund reserves so as to provide the financial ineans
to respond in a tiiiiely inanner ivhen major repair expenditure is desirable. Th¢ Trustees revieiv anniial repair
expendiliire and if inajor individiial c051 ¢lemenls are incurred (Iisually Inore Ihan £20,000) consider ivhelhei.
these c051s shoiild be Jnet froin Ihe designated fiind balance rather Ihan froin iiildesignated Itserves. Tlie Fund
balance lias been ii)aintained at £250,000 pending a revieii, of the slate of repair of the building. Payiiients for
dilapidations are laken as income directly to th¢ Designated Property Fund and ihe rclated costs associated ivith
the repairs are th¢n charged against the Fiind.
Desigjialed Appoiiitiiients Fund
Recognising the positive iinpact of the appoilinent of Rev laii Ruiherford as a fiill lime ]￿lnISter based at Cenli'al
Biiildings Ilige triistees hav¢ ￿SOlVed to desigiiate fiinds lo alloiv conliniiation of the exisling grant SLlPPOrt till
Aiigu5t 2026. Iiy addition tliey have designated funds to provide a grant toivards the costs of the Dipconal
Appointment based at Central Buildings again till Aiigust 2026. The fiinds ciirrently designated ainount to
£200k.
Page 5

Methodist Central Hall, Manchester
Trustees, Report
Cui'i'ent Needs Future Plans
MCHM continiies lo pursue its hvin aims of Inaintaining sound finances and good property Inanageinent.
Siifficiellt fiindiiig is available to nieet rouline i)iaintcnance costs. and ihe ciirrent and futtire needs of the Church
Bodies are alivays Under revieiv. The need to iiiainlain good levels of incotne froii) cominercial and sl)ort-terin
lettings is a constant fociis, and there is a clear underslanding of the relationship behyeen the Conditioii and
quality of tlie space being offered to third parties and Ihe den)and for that space. The redevelopiiient ivill address
11 of the above iiiatters and folloiving the receipi of outline planning perniission tlie trustees are Inoving forivard
Ivitli final design.
Collaboj'atioii wilh olher ¢hArlties
In addition to providing office and ivorship space for TMCP and The Meihodisl Ceiitre congregation
respectively. MCHM also provides the base for 3 number of olher organisalions iyith a focus on Social Jiistice.
Four of tlie key charities are Grealer Manchester Coiiimunity Chaplaincy, Woiiien Asyluni Seekers Togethei.,
Migrant Support, And Lifeshai'e. These organisations conlinue to develop Iheii. provision froin MCHM and boih
are looking to extend ¢h¢ir provision to iliake a grealer iinpact in their respeclive areas of Social Jusiice.
FliiHiieial R¢poi't
The year undei. revieiv saiy a rise in fiind balances froin £2.8611110 £2.96m, alloiving Ilie Trustees lo agr¢e to tlie
Int)intenance of level of fiinding of the Property Reserve and also an addition lo tlie Appointments Resei've as
iioled above.
With the ongoing increase in the ainount received froin lellings and conlinii¢d carefiil control of the expenditiire
Ihe total incoiile for the year exceeded lolal expendilure by £69k coinpared lo a deficit of £23k in the previoiis
year.
In tlie ciirreni year iY¢ recognised gains on oiir investii)enl assels of £33k ¢oinpared lo a Ios5 of £19k in the
previous year. This Ineanl lh¢ final oiilcome for the yeai. Ivas a surplus of £102k coiiipai'ed to & deficit of£42k in
the previous year.
Tlie Triigiees continLie to seek to improve incoine leve15 of botli conimercial and inlcrior space and to conti'ol
reiii Hrrc8rs, Ivliilst keeping i'epair and inaintenance ivork up to date diid conlrolling expendiliii'e ivh¢i¢ver
possible. Oiir thanks and gratitude ar¢ expressed to Tin) Willis and his staff, Ivho coiitinue lo display diligence
alongside Iheir hard ivoi'k. their conlribiition to the results shoivn in these accoiints is greatly appreciated.
Tlie lliinual repoit iyas approved by ihe Inistees of the charity on 23 Jiine 2025 and signed on its behalf by..
Deacon Jenni
Triist¢¢
Jones
Page 6

Methodist CentrAI Hall, Mancliester
Stateinent of Tru5tees' Responsibilities
Tlie ti'iistees are responsible for preparing the trustees, report and the fmancial stateinents in accordance ivith the
United Kiijgdoii) Acrounling Standards (United Kingdom Generally Accepted Accounling Practice) and
applicable laiv and regiilalions.
The laiv applicable lo charities requires Ilie Iruslees lo prepare financial stateti)ents for each finailcial year which
give a true aiid fair vieiv of the stale of affairs of ihe cliarity dnd of the incoining resource5 and applicalion of
r¢sourc¢s of the charity for that period. In preparing these financial stalements, the trustees are reqiiired to:
select suitable accounting polici¢s and then apply thein consislenily"
observe the inelhods and prlnciples in the Charities SORP;
Inake judgetiients and estimates that are reasonable and prudent:
state ivhether applicable accounting standards have been folloived, subject to any material depar￿leS
disclosed and explained in the fJnan¢ial slat¢menls' and
prepare tli¢ financial stateinents on the going concern basis unless it is inappropriate to pr¢siiine that the
charity ivill continue tn business.
Tlie trusiees are responsible for keeping proper accoiinting Tecords tliat disclose ii'illi reasonable acciiracy at any
iiine Ilie financial position of tlie charity and enable them to ensure Il)al the financi31 stateiiienls coii)ply ivith the
Cliai'itie5 Aci 2011, the applicable Charilies (Accounts and Reporis) Regiilalions, and the pi'ovisions of the
conslilution. The trustees are also responsible for safeguarding the assets of the charity and hence for laking
reasonable sleps for the prevcntion and deleclioii of fraud and other irregularities.
Approved by the trustees of the charity on 23 June 2025 and signed on ils behalf by:
Deacon Jen
TrLislee
r Jones
Page 7

Methodist Central Hall, Manchester
Independent Examiner's Report to the trustees of Methodist Central Hall, Manchestei.
I repoj't on the accounts of ihe charity for the year ended 31 Augiist 2024 ivhich are set out on pages 9 to 22.
Respectii'e respoiislbillties o( trustees aiid examiner
The trustees are responsible for the preparation of the accoiinls. The truslee5 consider Ihat an aiidit is rtot
reqiiired for this year under seciion 144(2) of the Charities Act 2011 {Ihe 201 l Act) and tliat an independent
examii)ation is needed. The charitys gross income exceeded £250.000 and l am qualified lo undertnke the
e,¥aminalion by being a qualified niember of Chartered Accountants.
It is iny responsibility to:
exainine the accouiits under section 145 of the 201 l Act.
lo folloiv the procedures laid doiyn in the general Directions gtven by the Charity Cointnission under section
145(5)(b) of the 201 l Act. and
to state wlietlier parliciilar Inatters have coine to my altention.
Bllsls of iiidepeiiilent eianiiner's report
My exaininalion iyas carried oiit in accordance iviih ihe general Direclions given by the Charity Coiniiiission.
An eNaiiiination includes a revieiy of the ac¢ounling records kept by the charity and a compai'ison of the
accouiits presented iviih Ihose records. 11 also incliides consideration of any unusual iteins or discI0511res iii tlie
accoui)ts, and seeking explanations froin you as trustees concerning any siich iiiatters. Tlle procedure5
undertaken do not provide all the evidence thal iyould be reqiiired in an audit and conseqlienlly no opiiiion is
given as to ivheiher the accounts present a 'true and fair vieiv, and the report is liillited to Ihose Inatters sel oiil
in the next statement.
liidependeiit exaiiiljier's statement
In connection iviih Iny eAaniinalion, no iiialler has coine lo my attention:
( l) iyliich gives Ine reasonable cause to believe that in any Inaterial respect the requireinents..
to keep accounting records in accordance iviih section 130 of the Charities Act 201 I. and
to prepare accounls ivhicl) accord ivilh the accounting records and coinply iyith the accounting
requireiiienls of the 201 l Act
have iiot been met. or
(2) to ivhicli, in my opinion, attention shoiild be draivn in order to enable a proper iinderstanding of the accounts
to be l'eached.
Helen Binns FCA
Beever and Striilhers
Charlcrcd Accoiiiitants
Oiie Express
l G¢oi'ge Leigh Street
Manchester
M4 5DL
23 June 2025
Page 8

Methodist Central Hall, Manchester
Statement of Financial Activities for the Year Ended 31 August 2024
Unrestricled
funds
Tolal
2024
Total
2023
Note
liieonie nnd EndoM'mei)ts froni..
Charitable aclivities
Otlier trading aclivities
Investment income
62,465
211,374
253,740
62,465
211,374
253,740
62,218
208,515
258,229
Total Income
527,579
527,579
528,962
Expenditui'e on:
Chai'ilabl¢ artivilies
432,089)
(432,089
(551,871
Tothl Expenditiire
Gaiiisl(losses} oil inveslinent assets
432,089
33,229
432,089)
33,229
551,871)
(19,049)
Net iiioveiiient in fiind5
128,719
128,719
(41,958)
Reeonclll&tlon of funds
Total fiinds brought forivard
2,864,651
2.864,651
2,906.609
Total fiinds cai'ried forivard
15
2,993,370
2,993,370
2,864,651
All of the cl)arity's activities derive frojn continiiing operations during the above hvo periods.
The prior year Stateinent of Financial Activities is shoivn on page 22.
Page 9

Methodist Central Hall, Manchester
(Registration number: 1137980)
Balanee Sheet as at 31 August 2024
2024
2023
Note
Fixed assets
Tangible a5sels
Inv¢stiiients
10
266,518
2,719,292
2,985,810
271,299
2,656,352
2,927,651
Curr¢iit assets
Debtors
Cash al bank aiid in haiid
12
52,690
31,210
28,114
69,023
83,900
97,137
Credfjtors: Amoullts ftslliiig wltliin one yeftr
Nel current asselsl(liAbllltl¢s)
13
60,090>
(113,887)
23,810
(16,750
Totnl assets less ciirrenl Il&blli¢les
3,009,620
2,910,901
Credltoi's: Ainouiils fAllliig due aftej. niore than one year
Net Assets
14
(16,250
{46,250
2.993,370
2,864.651
Fuiids of the ¢liarity:
Uiirestrlcled iiiconie fiinds
Unrestricted ftinds
2,993,370
2,864,651
Total funds
15
2,993,370
2,864,651
The financiiil slatcincnts on pages 9 to 22 ivere approved by tlie triistees, and aiithorised for issue on 23 Jiine
2025 and signed 011 Ilieir behalf by.,
acon Jenni
TrLlStee
er Jones
Page 10

Methodist Central Hall, Manchester
Cash Flom. Statement for the Yeai. Ended 31 August 2024
2024
2023
Note
CAsh flom's froiii operAtillg Attivltles
Nel cash inroine/{expenditure)
128,719
(41,958)
Adjuslments to ¢a5h flows fi'oni non-efish items
Depreciation
Investiiieiil iiicoine
Revaluation of inve5tinenls
4,781
(24,095)
33,229)
5,069
(22,064)
19,048
(39.905)
76,176
Worklng capital adjuslmeiils
Increase in debtors
(Deci'ease)/inci'ease in creditors
12
13
(24,576)
83,798)
(240)
33,440
Net casl) floiys froin operating activities
(32,198)
6,705)
CHsh flows from iiiveslliig acllvltles
Intei'est receivable and siii)ilar income
Purcl)ase of investments
Incoiiie froin dividends
11,121
(29,711)
12,975
8,833
(170,375)
13,232
Net cash floivs fiDii) iiivesling activities
5,615
(148,310
Net decrease in cash and casli equivalents
Cash and cash eqiiivalenls at I September
Cash and cash eqLiivalenlS at 31 August
{37,813)
69,023
(155,015)
224,038
31,210
69,023
All of tlie cash floivs are derived from continuing operations during the above ttvo periods.
Pagell

Methodist Central Hall, Manehester
Notes to the Financial Statements for the Year Ended 31 August 2024
l A¢coiintlllg policies
Statement (If eoiiipliNiice
Tlie financial slaleinenls have been prepared in accordance ivith Accounling and Reporting by Charities,.
Sialeinenl of Recommended Practice applicable to charities preparing Iheir accounts in accordance iviih tlie
Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2019> - (Cliarities SORP (FRS 102)). the Finaiicial Reporting Staiidard applicable in the UK and Republic or
Irelaiid (FRS 102) and the Cl)ariti¢s Act 201
Basis of prepaj'ation
Meihodisl Cenli'al Hall, Mancliester meets tl)e definition of a public beiiefil enlity under FRS 102, Assets and
liabilities al'e initially I'ecogiiised at historical cost or Iransaclion value unless oilieriyise stated in Ilie relevant
accoiinling policy notes.
Goliig eoiicerii
The Ti'iislees liave revieived the circiim51an¢es of MCHM And are satisfled Iliere are ad¢qiiale resoui'ces
available to fund ils aclivilies for Ihc fore5ceable future. Having carefully considered all pertinent Inatters they
have concliided tlial the charity has adeqii¢ile free reserves and ¢aii be vicii'ed as a 8oi1)g concern.
Incoiiie llnd endowmenls
Income is incliided ivhen it becomes receivable, except ivliere they relate io future accouiiiin8 periods. In these
cases, the incoii)e is deferred unlil the fiiture period.
liiveslnigiil liicoiiie
Fixed asset invesiimenls are a forin of baslc financial inslrunjent and are initially recorded ai their transaction
valiie and subseqiienily ineasured at their fair value as al (lie balance sheei date using the closing quoted n)ai'ket
price. The SOFA includes the net gains aiid losses arisiiig on revalualion and on disposals ihrolighoul the year.
Gaiiis and losses are taken to the Stateiiient of Financial Activities as they arise. Realised gains and losses ftre
calciilated as the difference betiveen sale procecd5 (nel of Iransactioii costs) and the opeiiing carrying value or
cost, if acqiiired during the year. Unrealised gains and losses are calciilated on tlie differ¢iice betiyeen opening
aiid Closing fair valiies.
Expeiidlliii'e
In the fii'st instanc¢, cosls are directly allocaled ivhere possible to costs of generating fiind5 or governance.
Reniaining costs are then apportioned according lo relevaiii floor areas ivithin the building> beliyeen costs for
geiierating incoine througli rental of iini15, and costs of providing charitable accoininodation.
Cljfiriliible acili,Illes
Charitable expenditlllT coinprises those costs incurred by the cliarity in the delivery of its activilies and sei'vices
for its bei)eficiarie5. 11 includes both cosls thal can be allocated directly to siich activities aiid those costs of an
indirect nature necessary to support them.
Graiilprovlsloiis
Provisions for grants are Anade ivhen the intention lo make a granl has been coirniiunicated to the J'ecipi¢n¢ bul
there is uncertainty about either the ttiiiÉng of the gtant or ihe ainounl of grant payable.
Page 12

Methodist Central Hall, Manchester
Notes to the Financial Statements for the Year Ended 31 August 2024
Support costs
Support costs incliid¢ central fiincttons and have been allocated to activity cosl categories on a basis con51Stent
Ivith tlie iise of re50111res. for exaniple, allocating property costs by floor areas. or per capila, staff costs by the
lime spent and otljer c051s by their usage.
Gosiernance costs
Tl)ese incliide the costs attribLilable lo the charity's coimpliance iviih coiislitiilional and statutory requii'ements,
including aiidit, strategic Inanageinent and tnislees's ineetings and reimbursed ¢xpenses.
Taxatloii
Tlie cliarity is coiisidered to pass the tests set out in Paragraph I Schedule 6 of lh¢ Finance Aci 2010 and
th¢r¢fore it i)ieels the definition of a charitable company for UK COTpoiation tox purposes. Accordingly? the
cliarily is potentially exeii)pi froin laxation in respect of incojhe or Capital gains received ivitliin categories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of ilie Taxation of Cliargeabl¢
Gaii)s Act 1992, to Ihe extent Ihal such income oi, gains are applied exclusively lo charilable Plirposes.
Tiiiglble fixed A55et$
TanLviblc assets consist of capitalised plant and ina¢hTnery iyhich is deprecial¢d over 10 years fi'ojn date of
coiniiiission. Furniture and equipjiient is depreciated over 4 years froji) firsi full year of oii'nersliip on a
straighl.line basis iviih a residual valiie of l Oi/lo.
The land and buildings are considered to be an inveslmenl and are incliided at valiiation by property consiillants
Roger Hannah & Co, Chartered Siirveyors. as at 31 August 2015.
Depj'eeiation And Aniortlsatlon
Deprecialion is provided on tangibl¢ fixed assets so as to iyrite off ilie Cost or valualion, less any esliinaled
resffidual value, over th¢ir expected iiseful e¢onoini¢ lif¢ as folloivs:
Asset cliss
Land & BiiildiThgs
Plant & Macliinery
Fui'nitiire & EqLllPlI)ent
Depreelalion niethod ntid rate
100 years sttraighl line
l O >sears straighl line
4 years straight line + IOO/o residual value
Inve5tineiit pi'operties
Investnienl propert), is carried at fair valiie, derived from tlie cUr￿￿t inarket prices for coinparable real estate
deteriiiined aniiu8lly by external valuers. The voliiers use observable inarkei prices, adju5tcd if necessary for any
difference in the nalure, location or condition of th¢ spectfic asset. Changes in fair value are re¢ogni5ed in profit
or loss.
Fixed asset iiivestinents
Fixed asset investmenls, other than programme related investmeiits, are included Al market value al the balance
sheet date. Realised gains and losses oi) inveslnients are ealculaled as the difference betsi'een sales pro¢¢eds and
tlieii. mai'ket value at the start of the year, or their siibsequent cost, and are charged or credited to the Slat¢inent
of Financial Activities in the period of disposal.
Unrealised gain5 and 1055es represent t]ie moveinent in market values during the year ￿)d are ci'edit¢d or
charged to the Statement of Financial Activities based on th¢ market value al the year end.
Page 13

Methodist Central Hall, Manchester
Notes to the Financial Statements for the Year Ended 31 August 2024
Cash and cash equivalents
Casli and cash eqLiivalenls coinprise casli in hand and call deposits. and oiher short-tenn highly liquid
investineiils that are readily converlible to a knoivn ainount of cash and are subject to an insignificant I'isk of
chang¢ in value.
Fuiid structure
The Managing Triisiees are responsible for the manageinent of Cenlral Buildings, Oldhant Street, Manchestei..
All funds ai'c for iise by ihe Managing Trustees in Ilial activity. They have de5ignaled certain fui)ds As piopety
fui)ds for repair of Ihe biiildings.
DeslgiiAted fiinds
Nortnally, a transfer is made annually froin ihe gen¢ral fund to a designated propety reserve fui)d, in order to
fiind majoi, repairs, excepi in years ivhere tnajor repairs are carried oiii and Iransfers are then iiiade lo general
fiinds in respect of the ¢xpenditiire incurred.
Pellslons and other post retiremeiit obligfillons
Tlie cliarity provides a groiip personal pension plan under the autoiiialic enrolii)enl regLilations.
Fliiftiicial inslrumeiits
Tlie cl)arity ha5 only basic financial instruments ivliich are inilially recorded al cost, and ivilh the exception of
invesliiienls (as set out above) subsequenily Ineasured al iheir sellleiiienl valiie,
2 Incoiiie from chai'llable activities
Unrestrlcted
funds
Tolal
2024
Total
2023
General
TMCP conti'ibiition toiyards staffing, accomniodation
and related expenses
62.465
62,465
3 Incoine froni other trHdliig activities
Unre5trieted
funds
Total
2024
Tot&1
2023
Generydl
Rooin hire
211,374
211,374
208,515
211,374
211,374
208,515
Page 14

Methodist Central Hall, Manehester
Notes to the Financial Statements for the Year Ended 31 August 2024
4 Ini'estnienl iiicome
Unrestrieted
riinds
Total
2024
Total
2023
General
Dividends
Interest
Rental incoine
12.975
11,121
229,644
253,740
12,975
11,121
229.644
13,232
8,833
236,164
253,740
258,229
5 Expenditiii'e on eli*rltAble activities
Unresti'icted
funds
Totftl
2024
Total
2023
Gerieral
Property costs
Staff cosls
Depi'eciation
Governance costs
Siippoi't Costs
150,353
219,777
4,781
4,546
52,632
150,353
219,777
4,781
4,546
52,632
178,126
193,468
5,069
4,610
170,598
432,089
432,089
551,871
Se¢ iiole 6 for split of support costs atid governance costs
Page 15

Methodist Central Hall, Manehester
Notes to the Financial Statements for the Year Ended 31 August 2024
6 Aiialysis of support costs
CharltAble nelivities expeiidilure
Unrestricted
fuiids
Total
2024
Total
2023
General
otTice costs
Telephone
Bank charges
Travel
Legal and professional costs
17,990
12,030
637
2,662
14,767
17,990
12,030
637
2,662
14,767
9,459
11,937
1,137
3,565
139,890
48,086
48,086
165,988
Gov¢i'n8nce eosls
Uiirestricted
funds
Tolal
2024
Tolal
2023
General
Independent examiner fees
Exaihinatioii of the financial stateinenls
Olh¢r fees paid to exaininers
1,300
3,246
1,300
3,246
1,300
3,310
4,610
4.546
4,546
7 Net iiiconiliigloiilgoing resources
Net inconiingloLlt80ing resoui'ces for the year include-.
2024
2023
Independent examiner's fees
Depreriation of fixed assets
,300
4,781
,300
5,069
Page 16

Methodist Central Hall, Manchester
Notes to the Financial Statements for the Year Ended 31 August 2024
8 Staff c051s
The aggregate payroll costs ivere as folloivs:
2024
2023
Staff eosts durliig the year were..
Wages and salaries
Social seciirity Costs
Pension costs
199,167
13,310
7,300
176,003
11,212
6,253
219,777
193,468
No ¢inployee reeeived emoluments of Inore than £60,000 during the year
Ke), niHiiaEemeiit persoiijiel
The key Inanageinenl personnel of lh¢ cljarity comprise the trustees and Iliose persons listed on page l.
Tlie triiste¢s do not receive any reiniineration for their services. Ihe total remuneration benefit5 of the other
iiieInbers of slfjff ar¢ listed beloiv.
The lolal reii)unei'alion beiiefils ofthe key manageinent personnel of the charity iv¢re salary cosls of £49,3 84
(2023 - £46,097).
The average niiinber of staff iyas as folloivs".
2024
Average
iiuiiiber
2023
Ai'erage
numbei.
Staff
9 liidependent ei8miiiei s remuneration
2024
2023
Examiiiation of the financial stateiii¢nts
1,300
1,300
Olhei. fees to exAniliiers
All otlier sei'vices
3,246
3,310
Pag¢ 17

Methodist Central Hall, Manchester
Notes to the Financial Statements foi. the Year Ended 31 August 2024
10 Tangible fixed assets
LAiid and
buildings
Furiiilure aiid
equipment
Plaiil &
maelliiiery
Tolnl
Cost
At I Septeinber 2023
253,000
152,512
658,668
1,064,180
At 31 August 2024
253,000
152,512
658,668
,064.180
Depreclatlon
Al I Septeinber 20?3
Cliarge foi, the year
At 31 Aug115t 2024
Net book value
15,174
1,686
134,819
1,149
642,888
1,946
792.881
4,781
16,860
135.968
644,834
797,662
At 31 Aiigiist 2024
236,140
16,544
13,834
266,518
At 31 Aiigust 2023
237,826
17,693
15,780
271,299
I l Flxed assel investments
2024
2023
Investment pi'operties
other iftvestinents
2,194,736
524,556
1,912,000
744,352
2,719,292
2,656,352
Page 18

Methodist Central Hall, Mancliester
Notes to the Financial Statements for the Year EDded 31 August 2024
Iiivestiiiejit properties
Investiiient
pi"operlies
Cosl oi. Vnlualion
At I September 2023
Additions
1,912.000
282,736
At 31 Aiigust 2024
2,194,736
Provi51on
At 31 Aiigust 2024
Net book value
At 31 Aiigust 2024
At 31 Aiigust 2023
2,194,736
1,912,000
Olher iiii'estmeiits
Otliej.
Investineiits
Cost or Valuatlon
At I Septeinbei, 2023
Revaliiation
Cash ivithdi'aivn
744,352
33,229
(253,025
At 31 Aiig11512024
524,556
Nel book value
At 31 Augiist 2024
524,556
At 31 August 2023
744,352
12 Debtoi's
2024
2023
Prepaymenls
Accriied income
Other debtors
25,875
26,246
569
3,777
23,809
528
52.690
28,114
Page 19

Methodist Central Hall, Manchester
Notes to the Financial Statements for the Year Ended 31 August 2024
13 Creditors: Aniounts falling due wilhin oiie year
2024
2023
Grants payable
Creditoi's & accriials
29,999
30,091
36,000
77,887
60,090
113,887
14 Credltors: fimouiils fHlliiig due After one y¢8r
2024
2023
Graiits payable
16,250
46,250
15 Funds
Balnnee
Bnlaiice
O¢heJ'
at31
Seplember Incomliig Resources
recognised August
2023
resourees
expeiided Tran5fei's gninsl(losses) 2024
Genei'al
2,414,651
527,579 (432,089)
33,229 2,543,370
Deslgiialed
Appointinenls fund
Propety fiind
200,000
250,000
200,000
250,000
450,000
450,000
TolAI fuiiils
2,864,651
527,579
432,089
33,229 2,993,370
Balanee
Ballliice
Ollier
At31
Septeniber fn¢omlng Resources
recogiiised
August
2022
resources
expeiided Traiisfers g4iJ151(losses) 2023
Geiieral
2,426,609
528,962
(551,871)
30.000
(19,049) 2,414,651
Deslgiialed
Appoiiltments fiind
Property fuiid
230,000
250.000
(30.000)
200.000
250.000
480,000
(30,000)
450.000
TotAI funds
2,906,609
528,962
551,871)
{19,049) 2,864,651
Page 20

Methodist Central Hall, Manchester
Notes to the Financial Statements for the Yeai. nded 31 August 2024
The Propei'ty Fund has be¢n set up ivith a targel of £250k to ensiire thal adequatc funds are available to In¢et
Inajor property repairs ivhich fall outside the scope of routine maintenance.
The Appointineiits Fund has been set up to enable the coinn)ittee to consÉder Ilie continiialTon of grant siipport
for presbyteral and diaconal staff associated ivith Cenlral Buildings This year additional support is proposed for
the diaconal staff nieaning tivo posts are being siipported ivith both occiipaiiis invited lo serve lill 31 sl AiigEisI
2026.
16 Aiialysis of iiet hssets between funds
Unrestricted
fuiids
General
Total funds
Tftngible fixed assets
Fixed asset investiiienls
Ciin'ent assets
Ciirrent liabilities
Creditors over l year
266,518
2,719,292
83,900
(60,090)
16,250)
266,518
2,719,292
83,900
(60,090)
(16,250
Total net assets
2.993,370
2,993,370
17 Anolysls of Jiet funds
Al I Septembei.
2023
At 31 August
2024
Cash flow
Cash al bank and in hand
69.023
(37,813)
31,210
Net debt
69,023
(37,813)
31,210
18 Taxation
The charit), 15 exeinpt from tax on incoiiie and gains falling iviiliin section 505 of tlie Taxes Act 1988 or seclion
252 of the TaAation of Chargeable Gains Act 1992 to ihe exteni that these are applied to ils charilable objects.
19 Related PArty trAJisactions
Tliere iyere no related porty iransactions in Ilie year.
Pag¢2l

Melhodist Central Hall, Manchester
Notes to the Financial Statements for the Year Ended 31 August 2024
20 Compfirative Statement ofFinancial Activilies
Uiire5trieled
funds
Total
2023
Inconie aiid Eiidownients froNI:
Cliaritable activities
Oilier trading activities
Invesliiienl iiicoine
62,218
208,515
258.229
62,218
208,515
258,229
Total Incoiiie
528,962
528.962
Eypeiidilure oil:
Charilable aclivilies
551,871)
551,871
Total Expenditure
Gatnsllosses on invesli)ient assels
(551,871
19,049)
551.871)
19,049
Nei Inoveinent in funds
(41,958)
(41,958>
Recoii¢iliatloii of fuiids
Toial funds brought forivard
Total funds carried forivard
2,906,609
2,906.609
2,864,651
2,864,651
Page 22