Trinity (Methodist/United Reformed) Church
90 Hodford Road, Golders Green, London, NW11 8EG
Charity N[o ] 1155990
TRUSTEES’ ANNUAL REPORT
for the year ended:
31 AUGUST 2025
Contents
| Page | |
|---|---|
| Trustees' Report | 3-6 |
| Declarations | 7-8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Accounts | 11-18 |
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The Trustees of Trinity (Methodist / United Reformed) Church (‘Trinity’) present their Annual Report for the year ended 31 August 2025.
1. Objectives and activities
As a single congregation Local Ecumenical Partnership, Trinity's objective is to advance the Christian faith in the community, in accordance with the practices of the Methodist and United Reformed Church (‘URC’) denominations. The Trustees take responsibilities to the Charity Commission seriously and follow their guidelines concerning public benefit in relation to charitable objectives. To this end we bear witness to God's love for his people in Golders Green, either independently, or together with other churches and faith communities. To achieve our objective, Trinity engages in a range of activities, including worshipping God through prayer, song and other acts of worship. It also organises and resources regular public acts of worship that are open to Trinity’s members and non-members alike and promotes the teaching of the Christian faith through sermons, courses and small groups as well as staging other events and services. Other activities include mission and evangelism, pastoral work including visiting the sick and bereaved, provision of facilities with a Christian ethos for the local community, including but not restricted to the elderly, the young and other groups with special needs. Trinity also provides chaplaincy services to local care homes and other institutions as appropriate as well as supporting other charities in the UK and overseas. Whenever possible, Trinity supports both inter-denominational and inter-faith work engaging in dialogue to promote harmony and understanding between diverse groups in our Golders Green community. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)’.
2. Achievements and Performance
During 2024-25 the regular pattern of Sunday worship and other occasional activities has been maintained. The church has been fortunate to have a very gifted organist, whose skills enhance our worship, and members whose facility with technology enables our services to be streamed to people unable to attend in person. The pastoral team has continued to offer care to the church community. The Filipino Fellowship has continued to meet each Sunday afternoon, and to offer musical contributions to morning worship once each month. The minister is an active participant in Churches Together in Golders Green and District. As well as hosting a variety of community events, it was good to welcome a group from Wessex Garden Primary School to visit the church and to learn about our faith and activities.
3.1 Financial Performance for the year
Trinity posted a surplus of £25,625 for the year; representing a significant improvement on last year (£21,810) as improved income more than offset higher expenses. Total income (£126,992) was 17% above prior year (£108,472) with receipts boosted by higher donations and tax recoveries (£23,662; 2024: £15,419) coupled with improved rental income (£99,370; 2024: £88,428). Total costs (£101,367) were 17% above prior year (£86,662), primarily explained by the impact of administration support costs, higher utility expenses and increased property repair costs as Trinity continued its building maintenance programme. These additional outflows more than offset lower costs incurred on professional fees.
The total reserves balance at year end (£5,699,482; 2024: £5,673,857) was made up of an unrestricted fund balance of £5,687,491 (2024: £5,658,712) and a restricted fund balance of £11,991 (2024: £15,145). The former was classified into general free reserves of £88,428 (2024: £60,829), designated property assets (£5,515,369; 2024: £5,514,189) and funds set aside for the building repairs programme of £83,694 (unchanged from last year). Restricted funds (£11,991) comprised property assets of £8,915 (2024: £12,165) and restricted monetary funds of £3,076 (2024: £2,980). Total property assets £5,524,284 (2024: £5,526,354) had an unrestricted component of £5,515,369 (2024: £5,514,189) and a restricted part of £8,915 (2024: £12,165).
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3.2 Reserves policy
Trinity’s free reserves policy aims to have sufficient unrestricted free reserves to cover six to nine months expenditure. This was exceeded, as free reserves at year end (£88,428), improved from last year (£60,829), provided an estimated coverage of 13 months (2024:10 months). The Trustees envisage that excess reserves if sustained, will be earmarked for the building repairs programme or unanticipated commitments arising in the future.
3.3 Going Concern
To the best of their knowledge and belief, the Trustees confirm that there are no material uncertainties that would call into question Trinity's financial viability for at least 12 months from the date of approval of these accounts.
3.4 Risks and Uncertainties
Though church attendances have not materially changed, donations have improved, buoyed by higher digital remittances and decisions by the Trustees in recent years to approve fund raising projects. Trading income also improved however, the Trustees remain vigilant given the risks arising from the loss of key long-term contracts. On the expenditure side, whilst general inflation appears to have abated, upward pressure on building materials costs remains and this factor coupled with unanticipated expenditures remain live issues; particularly as Trinity makes progress on its building repairs programme.
4. Structure, governance and management
Trinity was established by the amalgamation of Golders Green Methodist Church and St Ninian’s URC on 30 September 1979. As a Local Ecumenical Partnership (LEP), it is governed by its constitution adopted on 7 July 2013 and is part of the Barnet & Queensbury Methodist Circuit (BQMC) and Thames North Synod (TNS) of the URC. The Church registered as a charity with the Charity Commission on 3 March 2014.
The titles to Trinity’s buildings are held by the Trustees for Methodist Church Purposes (TMCP) as Custodian Trustees. The Church Building is held on Trust for the benefit of Trinity whose Trustees are the Managing Trustees. However, the beneficial ownership of the Manse is shared between BQMC and Trinity in the ratio of 75% and 25% respectively with BQMC acting as the Managing Trustees. The management of Trinity’s buildings is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church.
Elected Trustees are appointed at the Annual Congregational Meeting (ACM) and serve for an initial term of three years after which they are eligible for re-election. Ex officio Trustees include the minister of the LEP who act as chair, the Superintendent Minister of BQMC and the Moderator of TNS. In addition, the Trustees can also at any time appoint a maximum of two Co-opted Trustees who serve until the following ACM. The Minister is appointed on a rotational basis (normally every 5 years) using the denomination specific process of the Methodist or United Reformed churches. The current minister, appointed on 1 September 2021, is from the Methodist denomination. The Trustees are also members of Trinity’s Church Council, membership of which comprise office holders, the Minister, other ex officio members and representatives appointed by Trinity’s members at the ACM. Trinity operates within a statutory framework of regulation and seeks to ensure that it follows Methodist Standing Orders. Trustee meetings are held at least once a quarter and they report to Congregational Meetings at least once a year. Trinity is supported by a part-time administrator and a dedicated group of lay volunteers.
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5. Reference and Administrative Details
5.1 Name of the charity
Trinity (Methodist/United Reformed) Church, Golders Green
5.2 Charity registration number
1155990, registered in England and Wales
5.3 Principal Office
Trinity Church 90 Hodford Road London NW11 8EG
5.4 Treasurer
Mrs Charlotte Silwizya
5.5 Names of Trustees
The following served as Trustees throughout part or all of the year 2024-25 or were Trustees at the time of this report being approved:
Rev’d Dr Martin Wellings (Chair) Mr Ivan Bonnett (deceased January 2026) Mr Eric Brown Mrs Elaine Brown Ms Mary Brown Dr Bitrus Danboyi Ms Minny Gilles Mrs Edna Kofi -Oputa Ms Encarnacion Manalili Ms Theodora Matey Mrs Charlotte Silwizya (Treasurer) Mrs Georgina Siriboe Ms Helen Tanedo (resigned August 2025) Mrs Monina Quin
No trustee claims exemption from disclosure of his or her name here.
5.6 Bankers
HSBC plc The Peak 333 Vauxhall Bridge Road Victoria London SW1V 1EJ Central Finance Board of the Methodist Church 9 Bonhill Street London EC2A 4PE
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5.7 Investment Managers and Custodian Trustees
Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ
5.8 Independent Examiner
Andrew Thomas ACA Nyman Libson Paul LLP 124 Finchley Road London NW3 5JS
Approvals
The Trustees’ Report and the Financial Statements were presented to the Trustees Meeting and
approved by the Trustees on 29 May 2026 and will be presented to the members at the Annual Congregational Meeting on 7 June 2026.
Signed on behalf of the Trustees by:
| Signed: | Rev’d Dr Martin Wellings | Signed: | Charlotte Silwizya |
|---|---|---|---|
| Position: | Chair of Trustees | Position: | Treasurer |
| Date: | 29 May 2026 | Date: | 29 May 2026 |
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DECLARATIONS
Treasurer
I confirm that the accounts and financial statements for the year ended 31 August 2025 have been prepared from the records of Trinity and that they include all funds under the control of the Trustees.
Signed: Charlotte Silwizya Date: 29 May 2026
Address: 90 Hodford Road Golders Green London NW11 8EG
Independent Examiner's Report to the Trustees of Trinity (Methodist/United Reformed) Church, Golders Green (the 'charity').
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2025.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Responsibilities and Basis of Report
Trustees’ responsibilities
As the Trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
The Trustees are responsible for safeguarding the assets of Trinity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are required to prepare financial statements that give a true and fair view of the Trinity's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the Trustees have:
-
followed applicable accounting standards, including the Charities SORP FRS (102)
-
selected suitable accounting policies and applied them consistently using the accruals method
-
made judgements and estimates that are considered reasonable and prudent
-
prepared the financial statements on the going concern basis.
The trustees consider that an audit is not necessary for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
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Independent Examiner's responsibilities
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 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 2011 Act.
Independent Examiner's Statement
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those 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.
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.
Andrew Thomas ACA Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS
Date: 2 June 2026
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Statement of Financial Activities (SOFA) For The Year Ended 31 August 2025
| Note | Unrestricted Funds £ |
Restricted Funds £ |
Total 2025 £ |
Total 2024 £ |
|
|---|---|---|---|---|---|
| Income and Endowments from: | |||||
| Donations and Legacies | 3 | 21,786 | 1,876 | 23,662 | 15,419 |
| Other Trading Activities | 4 | 99,370 | - | 99,370 | 88,428 |
| Income from Investments | 5 | 3,866 | 54 | 3,920 | 4,055 |
| Other Income | 6 | 40 | - | 40 | 570 |
| Total Income and Endowments | 125,062 | 1,930 | 126,992 | 108,472 | |
| Expenditure on: | |||||
| Assessments | 8 | 15,082 | - | 15,082 | 14,000 |
| Property Costs | 9 | 30,265 | 1,621 | 31,886 | 26,219 |
| Office Expenses | 10 | 21,679 | - | 21,679 | 19,098 |
| Other Outgoings | 11 | 22,997 | 213 | 23,210 | 17,988 |
| Depreciation | 12 | 6,260 | 3,250 | 9,510 | 9,357 |
| Total Expenditure | 96,283 | 5,084 | 101,367 | 86,662 | |
| Net Movement in Funds | 28,779 | (3,154) | 25,625 | 21,810 | |
| Reconciliation of Funds: | 17 | ||||
| Total Funds Brought Forward | 5,658,712 | 15,145 | 5,673,857 | 5,652,047 | |
| Total Funds Carried Forward | 5,687,491 | 11,991 | 5,699,482 | 5,673,857 |
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Balance Sheet as at 31 August 2025
| Unrestricted Funds |
Restricted Funds |
2025 | 2024 | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Note | |||||
| Tangible Fixed Assets | 12 | ||||
| Land & Buildings | 5,484,346 | - | 5,484,346 | 5,484,346 | |
| Fixtures & Fittings & Equipment | 31,023 | 8,915 | 39,938 | 42,008 | |
| Tangible Assets | 5,515,369 | 8,915 | 5,524,284 | 5,526,354 | |
| Fixed Asset Investments: | |||||
| Trustees for Methodist Church Purposes deposits |
13 | 8,718 | - | 8,718 | 8,347 |
| Tangible Assets, Investments Fixed Assets and Investments |
5,524,087 | 8,915 | 5,533,002 | 5,534,701 | |
| Current Assets | |||||
| Debtors, Prepayments, Acs’d Inc | 14 | 31,976 | - | 31,976 | 27,684 |
| Cash At Bank and at Hand | - | 122,892 | 3,076 | 125,968 | 104,845 |
| Central Finance Board Deposits | 15 | 41,460 | - | 41,460 | 39,661 |
| Total Current Assets | 196,328 | 3,076 | 199,404 | 172,190 | |
| Creditors/Accruals (due under 1 year) |
16 | 32,924 | - | 32,924 | 33,034 |
| Net Current Assets (Liabilities) | 163,404 | 3,076 | 166,480 | 139,156 | |
| Total Assets Less Current Liabilities | 5,687,491 | 11,991 | 5,699,482 | 5,673,857 | |
| Total Net Assets | 5,687,491 | 11,991 | 5,699,482 | 5,673,857 | |
| Funds of the Church: | 17 | ||||
| Unrestricted Funds | 5,687,491 | - | 5,687,491 | 5,658,712 | |
| Restricted Funds | - | 11,991 | 11,991 | 15,145 | |
| Endowment Funds | - | - | - | - | |
| Total Funds | 5,687,491 | 11,991 | 5,699,482 | 5,673,857 |
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Notes to the Accounts
1. Basis of accounting
a) Accounting Framework
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition) effective 1 January 2019, and the Financial Reporting Standard applicable in the UK and Republic of Ireland, FRS 102.
b) Public benefit entity
Trinity meets the definition of a public benefit entity under FRS 102.
c) Going concern
To the best of their knowledge and belief, the Trustees confirm that there are no material uncertainties that would call into question Trinity's financial viability for at least 12 months from the date of approval of these accounts.
d) Volunteer contributions
In common with other Methodist and United Reformed Churches, Trinity is heavily reliant on the contributions of volunteers who provide their skills, money and time in a myriad of ways to promote its work. Trinity is grateful for their invaluable help and commitment as without this, the Church could not function. No attempt has been made to monetise the support given by our volunteers.
2. Accounting policies
a) Basis
These accounts, except where shown, have been prepared on the basis of historical cost and on the accruals basis to show a true and fair view of Trinity's financial position and financial activities.
b) Recognition of Income and Donations
Income is included in the Statement of Financial Activities (SOFA) when Trinity becomes entitled to the resources; the amounts can be quantified and receipt of is probable. Income received in advance of the provision of goods and/or services is treated as deferred until the Trinity becomes entitled to that income. All income is reported gross with associated fees or costs deducted reported as expenses. Donations are recognised when there is evidence of entitlement, receipt is probable and the amounts can be measured reliably. Where they are given with conditions, the Trustees evaluate the terms and will reject the donation if they are illegal or fall outside Trinity’s stated purposes.
c) Recognition of Expenditure
Expenditure is accounted for on an accruals basis and is recognised when an obligation that can be measured or reliably estimated exists at the reporting date and it is probable (more likely than not) that payment will be made in settlement.
d) Recognition of Grant Income and Expenses
Grants awarded from Trinity’s own resources are reflected in the SOFA in the year in which they are approved by the Trustees and the offer is communicated to the recipient. Grants awarded but not paid are recorded as a liability within the balance sheet. Grant income received by Trinity is recognised as income in the year of receipt. Where a grant is used to purchase an asset, an appropriate amount of the depreciation of the acquired asset (based on the amortisation of the grant fund over the life of the acquired asset) is charged to the grant fund (see notes 12 and 17).
e) VAT
Trinity is not VAT registered so all input VAT is charged with the expenses to which it refers.
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Notes to the Accounts continued
f) Tangible Assets
Tangible fixed assets are capitalised if their useful life extends beyond one year, with a minimum cost of at least £1,000. With the exception of the Trinity’s buildings, they are valued at cost or a reasonable value on receipt. Where cost is not available, the Trustees employ a reasonable estimate of the value of the asset. In the case of the freehold land and building, the Trustees on first time transition to Charities SORP FRS 102 took advantage of the ‘deemed cost’ option using the insured value as the methodology to determine cost. The Charities SORP also requires the freehold land to be separately identified and valued. The Trustees have used a ratio of 90:10 in apportioning a value between buildings and freehold land.
g) Depreciation
Tangible fixed assets are depreciated on a straight-line basis to their estimated residual values over their expected useful lives with the expense charged to the relevant SOFA heading. However, no depreciation is charged on land and buildings because the Trustees consider their current deemed value to be not less than their value at the end of their useful life. The charity operates a rolling programme of repairs and maintenance to prolong the useful life of the property and to ensure that the above policy continues to be appropriate.
The depreciation rates for the different categories of tangible assets are set out below: Freehold land and buildings nil Equipment 10 years Building Fixtures & Fittings 10 years Fixtures & Fittings 7 Years Furniture 5 years IT & Audio-Visual equipment 3 to 5 years
h) Investments
Investments are valued in the balance sheet at market value at the year-end. Investment income is included in the SOFA when receivable and any gains or losses on revaluation at the year-end are shown in the SOFA.
i) Debtors and Prepayments
Debtors are amounts owed for the provision of goods and services. They are measured at the amount Trinity believes will be recoverable. They are regularly reviewed and a specific provision applied where appropriate. A general provision is also used as a contingency. Advance payments for goods and services are treated as prepayments and measured at the amount paid.
j) Creditors
Creditors include outstanding liabilities relating to utilities, telephones and other expenses incurred, for which invoices and liabilities have not been settled at the year-end.
k) Accounting Estimates and Judgments
In preparing the financial statements, the Trustees are required to make estimates and judgments. The areas considered to be important in understanding the estimates and judgments used in the preparation of the financial statements include: donated goods and services including volunteer services (see note 1(d)); valuation of buildings (see notes 2 (f) and 2(g)); the separate valuation of land (see note 2(f)) and funds set aside for building maintenance and repairs (see note 17).
l) Fund Policy
General Funds represent funds of the charity which are not subject to any special restrictions and may be used for any purpose determined by the Trustees. The level of this fund is set out in the reserves policy (note 2(m)) below. The Trustees may from time to time set aside part of the general fund for particular purposes. These designated funds include funds for maintenance of the buildings, acquisition of tangible assets and other purposes. The assets of the designated funds are mainly sourced from donations and unrestricted bequests and have both monetary and tangible asset components. As the name implies, restricted funds are funds held for a specific purpose and can only be used for that purpose alone.
m) Free Reserves policy
Trinity’s free reserves policy is aimed at having sufficient unrestricted liquid funds to bridge temporary shortfalls in the income to cover costs and to meet unforeseen expenditure. To that end, the Trustees try to ensure that the charity has free reserves or a general fund (unrestricted liquid funds which are not designated in nature) to cover six to nine month’s expenditure. The actual level is regularly monitored and the policy is kept under review, particularly following the draining impact of the Covid pandemic on Trinity’s resources.
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Notes to the Accounts continued
3. Donations and legacies
| Collections Tax credits Donations Total |
Unrestricted Restricted Funds 2025 Total 2024 Total |
|---|---|
| £ £ 15,409 1,876 17,285 13,329 4,447 - 4,447 2,090 1,930 - 1,930 - |
|
| 21,786 1,876 23,662 15,419 |
4. Other trading activities
| Lettings- Halls Lettings- Flat *Manse Rentals |
Unrestricted Restricted Funds 2025 Total 2024 Total |
|---|---|
| £ £ £ £ 67,668 - 67,668 60,063 23,100 - 23,100 23,400 8,602 - 8,602 4,965 |
|
| 99,370 - 99,370 88,428 |
*The beneficial ownership of the Manse is shared with BQMC with Trinity entitled to 25% of rental income.
5 Income from Investments
6. Other Income
| Central Finance Board Other Total Sundry Income Total |
Unrestricted Restricted Funds 2025 Total 2024 Total |
|---|---|
| £ £ £ £ 1,799 1,799 1,974 2,067 54 2,121 2,081 |
|
| 3,866 54 3,920 4,055 |
|
| Unrestricted Restricted Funds 2025 Total 2024 Total |
|
| £ £ £ £ 40 - 40 570 |
|
| 40 - 40 570 |
7. Salaries and associated costs
a) The charity did not have any employees during the year.
b) The charity considers its Trustees to be the key management personnel. No employment benefits were paid to key management personnel during the current year or prior year.
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Notes to the Accounts continued 8. Assessments
| Barnet & Queensbury URC Total |
Unrestricted Restricted Funds 2025 Total 2024 Total £ £ £ £ |
|---|---|
| 11,902 11,902 10,200 3,180 3,180 3,800 |
|
| 15,082 - 15,082 14,000 |
9. Property Costs
| Cleaning Gardening & Refuse Security Repairs & maintenance Building Renovations and Repairs Total |
Unrestricted Restricted Funds 2025 2024 £ £ £ £ 7,043 - 7,043 7,096 1,432 - 1,432 2,219 - - - 24 14,922 1,621 16,543 16,880 6,868 6,868 30,265 1,621 31,886 26,219 |
|---|---|
10. Office Expenses
| ses | |
|---|---|
| Electricity Gas Water Rates & Council Tax Telephone & Internet Insurance Total |
Unrestricted Restricted Funds 2025 2024 £ £ £ £ |
| 5,061 5,061 2,014 10,214 10,214 10,751 333 333 328 1,563 1,563 1,645 4,508 4,508 4,360 |
|
| 21,679 - 21,679 19,098 |
11. Other Outgoings
| ings | |
|---|---|
| Administrative Support Organist Visiting Rev-Travel Expenses Worship Books & Materials Printing & Stationery Equipment Purchases Entertainment & Refreshment Functions Celebrations & Gifts Legal & Professional Expenses Subscriptions & Membership Bank Charges & Interest Write-offs (Write Back) debts Stewarding Fees Sundry Payments Total Other Expenditure |
Unrestricted Restricted Funds 2025 2024 £ £ £ £ |
| 10,800 10,800 - 3,030 - 3,030 3,270 585 - 585 780 76 - 76 311 610 - 610 775 439 213 652 80 954 - 954 862 660 - 660 320 3,737 - 3,737 8,658 501 - 501 529 217 - 217 205 188 - 188 361 1,200 - 1,200 1,480 - - - 357 |
|
| 22,997 213 23,210 17,988 |
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Notes to the Accounts continued
12. Tangible Fixed Assets Cost or valuation
| Bal b/fwd. Additions Revaluation (+/-) Disposals (-) Transfers (+/-) Bal C./fwd. Accumulated depreciation Bal b/fwd. Charged to SOFA1 Impairment/Reval Disposals (-) Transfers (+/-) Bal C./fwd. Net Book Value Bal b/fwd. Bal C./fwd. |
Church (non- investment) land and buildings Fixtures, fittings and equipment Total £ £ £ 5,484,346 92,378 5,576,724 7,440 7,440 5,484,346 99,818 5,584,164 |
|
|---|---|---|
| - (50,370) (50,370) |
||
| - (9,510) (9,510) - - - |
||
| - (59,880) (59,880) |
||
| 5,484,346 42,008 5,526,354 |
||
| 5,484,346 39,938 5,524,284 |
1 The purchase of an organ was in part financed by grant income of £9,000. An equivalent amount of the organ asset is therefore treated as a restricted asset with its useful life (10 years) and depreciation mirroring that of the unrestricted component. 2 With a combined carrying cost of £5,484.346 for freehold land and buildings; the Trustees estimated a value of £548,435 (10%) for the freehold land and £4,935,911 (90%) for the buildings (see notes 2(f) and2(g)).
13. Investments
The Trustees comply with both charity law and Methodist law and policy as determined by the Methodist Conference. The funds that support the various funds are held by The Trustees for Methodist Church Purposes (TMCP) in Trustees' Interest Funds on which interest is credited each month. These are regarded as medium and long-term investments.
TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day-today management of trust property. TMCP ensures that, through providing guidance and by acting under their direction, the Managing Trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference.
Analysis of investment movements
| Carrying (market) value at beginning of year Add: additions to investments at cost Less: disposals at carrying value Net gain/(loss) on revaluation Carrying (market) value at end of year |
2025 £ 2024 £ |
|---|---|
| 8,347 7,941 371 406 - - - - |
|
| 8,718 8,347 |
The investment comprise various long-standing bequests held at TMCP.
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Notes to the Accounts continued
Analysis of current assets
14. Debtors and Prepayments
| s Balance B/Fwd. Net Interest Income Balance at period-end Cash Advanced by Users Accruals Deferred Income Other Creditors Current Liabilities Debtors Accrued Income Prepayments Total |
2025 2024 Total Total |
|---|---|
| £ £ |
|
| 26,452 20,628 3,860 3,320 1,664 3,736 |
|
| 31,976 27,684 |
|
| 2025 2024 £ £ |
|
| 39,661 37,687 1,799 1,974 |
|
| 41,460 39,661 |
|
| 2025 Total 2024 Total £ £ |
|
| 4,167 6,596 6,530 8,611 16,463 14,827 5,764 3,000 |
|
| 32,924 33,034 |
15. Central Finance Board Deposits
16. Current Liabilities
Movement in Deferred Income Account
| count | |
|---|---|
| Balance B/Fwd. Amounts added from SOFA Amounts released to SOFA Balance at period-end |
2025 2024 £ £ |
| 14,827 21,521 16,463 14,827 (14,827) (21,521) |
|
| 16,463 14,827 |
Deferred income represents invoices billed to licensees for hall and room hire during the current year but where usage actually occurs in the next accounting period.
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Notes to the Accounts continued
17. Detailed analysis of fund movements
Unrestricted Funds 2025
| Unrestricted Funds 2025 | Unrestricted Funds 2025 | |
|---|---|---|
| Fund Name General Free Reserves Designated Funds Building Repairs Fund Total Monetary Funds Property Assets (Unrestricted) Total Designated Funds Totals Unrestricted Funds Restricted Funds 2025 Fund Name Monetary Funds (Restricted) Property Assets (Restricted) Total Restricted Funds Total Funds Unrestricted Funds 2024 Fund Name General Free Reserves Designated Funds Building Repairs Fund Total Monetary Funds Property Assets (Unrestricted) Total Designated Funds Totals Unrestricted Funds Restricted Funds 2024 Fund Name Monetary Funds (Restricted) Property Assets (Restricted) Total Restricted Funds Total Funds |
Opening Balance Income Expenditure Transfers Gains (Losses) Closing Balance £ £ £ £ £ £ |
|
| 60,829 125,062 (97,463) - - 88,428 - - - - - - 83,694 - - - - 83,694 |
||
| 144,523 125,062 (97,463) - - 172,122 |
||
| 5,514,189 7,440 (6,260) - - 5,515,369 |
||
| 5,597,883 7,440 (6,260) - - 5,599,062 |
||
| 5,658,712 132,502 (103,723) - - 5,687,491 |
||
| Opening Balance Income Expenditure Transfers Gains (Losses) Closing Balance £ £ £ £ £ £ |
||
| 2,980 1,930 (1,834) - - 3,076 |
||
| 12,165 - (3,250) - - 8,915 |
||
| 15,145 1,930 (5,084) - - 11,991 |
||
| 5,673,857 134,432 (108,807) - - 5,699,482 Opening Balance As restated Income Expenditure Transfers Gains (Losses) Closing Balance £ £ £ £ £ £ |
||
| 43,461 104,787 (87,419) - - 60,829 83,694 - - - - 83,694 |
||
| 127,155 104,787 (87,419) - - 144,523 |
||
| 5,510,182 10,114 (6,107) - - 5,514,189 |
||
| 5,593,876 10,114 (6,107) - - 5,597,883 |
||
| 5,637,337 114,901 (93,526) - - 5,658,712 |
||
| Opening Balance Income Expenditure Transfers Gains (Losses) Closing Balance £ £ £ £ £ £ |
||
| 3,161 3,685 (3,866) - - 2,980 |
||
| 11,549 3,866 (3,250) - - 12,165 |
||
| 14,710 7,551 (7,116) - - 15,145 |
||
| 5,652,047 122,452 (100,642) - - 5,673,857 |
||
17
Notes to the Accounts continued
Analysis of Restricted Funds
| alysis of Restricted Funds | |
|---|---|
| Kenyon Room Fund Hodford Hall Fund Benevolence Fund Flower Fund IT & Audio-Visual Fund Organ Fund Total |
2025 2024 Liquid Non -liquid Total Liquid Non -liquid Total £ £ £ £ £ £ |
| 730 5,515 6,245 1,398 7,165 8,563 710 - 710 - - - 1,418 - 1,418 1,364 - 1,364 218 - 218 218 - 218 - 700 700 - 1,400 1,400 - 2,700 2,700 - 3,600 3,600 |
|
| 3,076 8,915 11,991 2,980 12,165 15,145 |
Trinity holds several restricted funds which comprise monetary and tangible assets, the most significant of which are the Kenyon Room Fund; the Benevolence fund and the elements of the organ and audio-visual equipment financed by grants.
Analysis of net assets between funds
| 2025 Tangible fixed assets Investment assets Current assets Creditors < 1 year Total |
Unrestricted Restricted Total 2024 Funds Funds Funds £ £ £ 5,515,369 8,915 5,524,284, Tangible fixed assets 8,718 - 8,718 Investment assets 196,328 3,076 199,404 Current assets (32,924) - (32,924) Creditors < 1 year 5,687,491 11,991 5,699,482 Total |
Unrestricted Restricted Total Funds Funds Funds £ £ £ |
|---|---|---|
| 5,514,189 12,165 5,526,354 8,347 - 8,347 169,210 2,980 172,190 (33,034) - (33,034) |
||
| 5,658,712 15,145 5,673,857 |
18 The St Ninian's Golders Green Fund
In addition to the unrestricted funds recorded on the balance sheet, Trinity can draw on The St Ninian's Golders Green Fund a ‘designated fund’ held by URC North Thames Trust. This fund although held in the latter's Trustee accounts, is for the sole use of Trinity and was originally established from the proceeds of property sales following the merger of the two Methodist and Presbyterian Churches in 1979 to form the current Trinity (Methodist /United Reformed) Church. At the balance sheet date, the total value of the funds (including capital and interest) was £207,097 (2024: £198,604 The prior year balance has been
19. Remuneration of Trustees and Reimbursement of Trustee Expenses
a) None of the trustees received any remuneration or other benefits from employment with the charity. One trustee received a payment of £10,800 for providing administration support under a service contract with the charity.
b) During the year, expenses totalling £70 (2024: £264) were reimbursed to 2 trustees (2024: 3 trustees). These expenses related to software and office consumables.
20. Fees for examination of the accounts
| . Fees for examination of the accounts | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Fees for examination of the accounts | 1,320 | 1,320 |
21. Related party transactions
Related party transaction includes those with BQMC (receipt of share of manse income (note 4) and circuits assessment (note 8)); contributions to the URC Ministry and Mission Fund (note 8); investments held at TMCP (note 13) and deposits held at Central Finance Board (note 15). In addition, Trinity has funds held on trust with TNS (note 18).
18