Church Accruals Accounts 2024-2025 THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2025 Bingham Methodist Church Roglgtorod Charlty - Roglstratlon numbor 1158426 Circuit No 22115 Minlster Rev'd TIM Morris Church Stswards Max Teare Geoff Cawthom Anne Ward Hazel Wallis Martin Watson Hilary Taylor Sue Lockwood Church Treasurer 8rlan Mellors Page I Bingham Methodlst Church TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Introductlon: We are pleased to present the annual accounts for Bingham Methodlst Church on an accrua15 basls. Alms and organlsation., We are part of the Grantham and Vale of Belvoir arcuit which in turn Is part of the Nottingham and Derby Distrlct of the Methodist Church of Great Britain. The building was opened In 2016 and continues to attract newcomers to join in our worshlp and activities. Additlonally, the Community use the building for many varled actlvltles. Our policy and Mlsslon statement has been revlewed and meets wlth the Connexlon, Dlstrlct and Circult Mlsslon for the Methodlst Church of Great Britsln. We seek to make our worshlp stimulatln& challen8in8 and relevant to the needs of our congregatlon uslng a varlety of styles and a mixture of tradltional and modern hymns. As well as regular worship, we share in fellowshlp through Study, fundraisln8 activities and soclal groups. Our servlces are Ilve streamed to meet the needs of those who are unable to attend worshlp. Celebrations have Included Christingle, Chrlstmas and Easter servlces - Includln8 a Tenebrae style reflectlon of hymns, readings and prayers, a Bible month In June studylng St John'5 Gospel followed by a weekly study group. Our worship services have been adapted to be Incluslve for other nations families who have come to live wlthln Bln8ham and the local area. Our en8agement wlth the communlty Is throu8h regular actlvltie5 includlng Upper Room, Wholeness, Sundav School, Parent and Toddler Group, Who let the Dads out, Bri8ade5, Youth Group, Thursday Market Day café, Messy Church, Memory Cafe and Cornmunlty Clnema. Our Youth and Family worker Isjointly employed to support work wlthin primary schools in Blngham and East Bridgford as well as a leading role wlth young peoples, Church actlvltSes In both communities and in Fllntham. We hosted In July a Blngham Heritage weekend to dlsplay a Celebratlon of Methodism in the town. Displays were also mounted from St Mary's and All Salnts celebratln8 800 years In Bingham and by Brltlsh Rail, 175 years, amongst others. Revlew of the Year Thls year we have been blessed wlth more new famllles who have come to Bingham and joined our community. They have varied backgrounds In their Christian falth and we continue to learn how to welcome them to our Community and especially In adaptSng our worshlp in ways that help to integrate. We were particularly delighted durlng the year to welcome 35 new Members to our Church and many newcomers are actlve In volunteerln8 for Church rota duties. We have continued to be an All We Can partner church as well as raisln8 funds for Great Ormond Street Hospltal, Disasters Emergencles and many more Charltable appeals. We continue to try new ways of making dlsciples for Christ and will continue wlth our journev. At the end of August we said farewell, with thanks to our Minlster, Revd Tim Morrls. We were fortunate in the same month to welcome the Revd Dawn Brown, with her familyi to lead our Christian witness In Bingham and the Vale of Belvolr Page 2 Income Regular Church income 15 primarily drawn from the donatlons of the church members, Sundav collectlons and Glft aid tax credit, with lettings income from Community users hiring the community rooms. Income from the commerci31 units that occupy parrs of our premises 15 sufficlent to service our debts and make the necessary capital repayments. We remain solvent and contlnue wlth repayment of our loans at a hlgher rate than was determined at the occupation of the new premlses. The Solar Panels on the roof of the property have enabled the reductlon In ener8y bills and of our carbon footprint. The multl-purpose building contlnues to be popular wlth the community and Is a primary venue in our town. Expenditure The major regular Church cost Is in relatlon to the assessment pald to the Grantham and Vale of Belvolr Circuit. This comprises the contributlon by the Church to the costs met centrally by the Circult, Includlng stlpends and manse costs for Clrcuit minlsters. The assessment increased by £4,500 this year. Addltlonallyi we pay towards the cost of a Youth and Families employee who manages our chlldren and famllles work. This valuable work continues to be popular with families In the community. All other costs relate to our activitles and overheads and is covered by OUT Income. Fund balances The General fund provides for our regular expenditure. There are designated funds for Charltable 8lvlng. Durlng the year we have supported Great Ormond Street Hospital, Rainbows Hosplce and several Dlsaster Emergency Commlttee requests. The Leprosy M1551on, Methodist Home5 for the A8ed, Christlan Ald, All We Can Imethodlst Church partnership) and our Frlendshlp Fund assist for hardshlp cases In our Church and Communlty. The Lively Splrlts 8roup has made donations to smaller Chlldren based charitles. In excess of EIO,000 has been ralsed for Charitable purposes. There are no Restrlcted funds at present. Endowment funds relate to hlstorlc legacies Plans for 2025126 We intend to contlnue with the work that we have Inltlated In recent years wlth CharitSes, youth work, and Improvlng the quallty of the streamed se￿Ice5. We contlnue to Support communlty activlties where we are able. We continue to make new community mernbers welcome and feel that they are part of our Church Family. This wlll be extended to offer'membershlp discussions" to help those who choose to be accepted Into The Methodlst Church. A Church Mlsslon and Vision statement was approved at the June Church Councll and provides a Strategy to help us to brlng more disciples to Chrlst. Page 3 Bingham Methodist Church Trustee's Annual Report on Finance and Governance Basis of preparation and legal framework The Charity's annual report and accounts for the year ended 31 August 2024 have been prepared in accordance with the Charitles Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard(FRSSE} 2015. Full Name of Charity I Church.. Bingham Methodlst Church Registration Charity Number, 1158426 The members of the Bingham Methodist Church meeting are the Charity Trustees, membership being made up of church office holders, Minister and representatlves appointed by the church at the Annual General Meeting. The treasurer, Mr P Broekhuizen, acted as the principal officer overseeing the day to day financial management and accounting for the Church from 1st September until 28th February: thereafter Mr Brian Mellors assumed the role. Independent examlner Mr William Frederick Case FCA (retlred) Investment Bankers Central Flnance Board of the Methodist Church Trustees for Methodist Church purposes Page 4 Bingham Methodist Church Aims and organlsatlon The Charity objective is to be a Methodist Church providing spiritual care and guidance to all those who wish to come and worsh?p at the Bingham Methodist Church. The Church provides a worship space for regular Christian worship, baptism, marrlage and furneral setvices and a community facility for community groups, familles and others in the town. The purposes of the Method15t Church are and shall be deemed to have been since the Date of Union the advancement of: al The Chrlstlan faith in accordance with the doctrinal standards and dlscipllne of The Methodist Church; b) Any charitable purpose for the time being of any Connexional, Dlstrict, Circuit. local or other organisation of The Methodist Church,. cl Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church; d) Any purpose for the time being of any charity being a charity subsldiary or ancillary to The Methodist Church The ma5n activltles of the church include.. Worshlpping God through prayer, song and other acts of worshlp. The organisation and resourcing of regular public acts of worship open to members of the church and non members alike. The teachin8 of Chrlstlanity through sermons, courses and small groups. The resourcing of pastoral work including visitln8 the sick and bereaved. Promotion of Chrlstlanity through the staging of events and services. Provision of chaplaincy servlces to local schools, care home5 and other instltutions as appropriate and when able. Public Beneflt We confirm the trustees have had regard to the Charity Commission's guldance on public beneflt. Structure. Governance and Management The governing document for the church is the Deed of Union (1932) and Methodist Church Act {19761 Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference ICPD). Day to day management of the church is undertaken by the Church Leadership team along with the Minister. The Trustees are appointed at the AGM of the church. Page S Trustees, Responsibilitles For each financial year ending on 31 August the Trustees are required to prepare financial statements that give a true and fair vlew of the Church's financial activities during the year and of its financial POSitlon at the end of the year and to prepare an annual report for that year. In preparing these flnancial statements, the Trustees have: selected suitable accountlng policies and applied them consistently using the accruals method made judgements and estimates that are reasonable and prudent - followed the applicable SORP and accounting standard, SORP(FRS102) as updated- adopted the going concern basls The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Church and enables thern to ensure that the financial statements comply with the law. They are also responsible for safeguarding the assets of the Church and ensurlng thelr proper application under charity law, and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularitles. The Trustees are responslble for the maintenance and Integrity of the corporate and flnancial Snformation included on the Church's web site. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and trustees, reports may differ from leglslatlon In other jurisdictions. Trustee Tralnlng A range of guidance produced by MethodSst Connexion to support the effective runnin8 of the church and the role of Trustees is given to the Church Trustees at various meetings and / or training sessions . Related Partles The Church Is part of the Grantham and Vale of Belvoir Clrcuit which is part of the Nottingham and Derby Dlstrict and is also accountable to the Methodist Conference. Page 6 Bingham Methodist Church Charfty No 115B421 Statement of Financial Activities (SOFA) for the year ended 31 August 2025 Notes to Daslgnated th• General Fund Funds Restricted Endowment accounts (Unre$trlGtsd) (unre31rl¢ted) Funds Fund8 Total 2024-25 Income 1 Offerings 2 Donations 3 Gift aid 4 Intsrest and investment income 5 Income from invaslment properties 6 Internal organisalions 7 Olher chariiabl8 income 8 Total Income 40.804 6,707 9,155 1.537 90.647 400 38,690 187,940 40,804 6,707 9,165 1,629 106,627 400 45,287 209,509 92 14,880 6,597 6,697 14,880 92 Expendlture 9 Circuil assessment or share 10 Granls and donations 11 Property mainl8nane 12 In8uranc8.Utilities etc 13 Deprecialion 14 Office expenses 15 Other expenditure 16 Internal organlsatlons 17 Total ¢harltable èxpendlturn 18 Gainsll108ses) on monetary investrnents 19 Gainslllosses) on investment propèrties 20 Net Incomelloxpendlturel 21 Transfers be￿een funds 22 Other gainsl(108ses) 23 Not movamont In funds 24 Total funds brou8ht forward 25 Total funds carrled forward 49.597 49,697 7.810 2,685 2,290 1,532 25,634 7,810 17,665 2,290 1,532 29,646 490 108,930 14,880 4,001 90,038 4.001 14,880 11 97,902 2,696 00 100,684 98.663 1,779,271 1,877,834 1,996 4,601 6,597 26 100,584 3,584 1,787,456 3,609 1,888,040 Page 7 Bingharn Methodist Church Charity No 1158426 Statement of Financial Activities (SOFA) for the year ended 31 August 2024 Notes to Designated thé Genoral Fund Funds a¢¢ouats IUnre$lriclod) (unrastrictèd) Restrtcted Endowmont Total 2023- Funds Funds 24 Income 1 Offeilngs 2 Donations 3 Glft aid 4 Interest and inv8slmenl income 5 Income from investm8nl properties 6 Intemal organi881ions 7 Olhar charitable income 8 Total Incomg 39,351 2,195 8.955 39,361 2,195 8.955 1,996 103,455 907 37,463 194.312 106 92,248 11.207 31,463 177,009 5.990 6.990 11,207 106 Expendlture 9 Clrcuil assessment or Share 10 Grants and donations 11 Property maintenance 12 Insurance,ulilllle$ elc 13 Depreciallon 14 Offict èxpenses 15 Other 8xponditure 16 Internal organi6alion8 17 Total charltablo exp•nditur• 18 Galnsl{1058esl on monetary investments 19 Galnslllosses) on investment properkn'es 20 Nel incomel(expenditur•l 21 Transfer8 b@￿een funds 22 Other gain6lllosses) 23 N8t movemont In funds 24 Total funds brought forward 25 Total fund5 carrled lorward 44.028 44,028 14,287 2,291 2,290 1,249 26.758 14,287 13,49 2,290 1.249 32.630 864 108,746 213 11.207 5,772 91,767 5,772 11,207 213 86,242 384 218 -300 319 85.779.00 86,626 1.693.645 1,779.271 -82 4,683 4,601 235 3,349 3,584 86,779,00 1,701.677 1,787,456 Page 8 Blngham Methodist Church Charity No 1158426 Balance Sheet as at 31 August 2025 Genernl Fund D•slgnated Funds lilnr8Strkt•dl RestrEcted Fund* Endowment Funds Totals 202S Yotals 2024 Not•s to tho Flx•d Assets ChLErch building and olher prope InveslmeTrl propert168 Inveslmen18 1.373.157 1,373,157 500,000 1.375,447 Tol•lflxod4ss•ts 1,873.157 1.873,167 1.876,447 ¢￿￿*￿t A88et8 D8bior8 and prepayments Loans by the Churches Invgslfflents ¥￿th TMCP Central Flnoncè Board Deposits Ca8h 8t Bank and In hand Tofalcurrenta$$•ls 19.903 19,903 15,316 3,609 3,609 84,190 32,12S 119,827 3,584 34,696 28,954 82,450 64,19D 25,528 109.824 6.697 6.597 3,609 CuTrgnt Ilabllltlo8 Credltors Idve In undw 1 year} Granls p8yable wllhln 2026-28 Total currentll•bllltl•s Nel CUrr￿t 088•tsAlobllttl eA).844 60,844 51,è41 60,844 41777 60.844 6B,B83 B1,941 30.509 6.S97 TotJl•$s•ts I￿6 ciiir•ntll8bllltl•s 1,921.934 6,697 3,809 1,932,140 1.906,966 Long teim Ilabllltles Idue 4fter more thon one Grants aymble aller 2026-28 Loans to l*e Chur¢h 44,1(Kl 44,100 118.500 Not 08Sgt8 1.877.034 597 3,809 1,888,040 1.7B7,456 Fund$ ollh• Church Gener81 Fund Iunreslricled Deslgn8ted Funds IUnr88lrtd8dl Tolal Unre•trfcied Funds R85trlcted FiJn¢JB Endowmenl Fund8 1.877.834 1,87T,B34 0,597 1,884.431 1,770,271 4,601 1,783,872 8.597 3,609 3,609 3.609 1,888,040 3,68d 1.Y87,456 Totsl Funds 1,877.834 6.597 Sign Church Treasurer P&8• 9 Bln8ham Methodlst Church tlotes tothe Accounts l. Ba515 Df accountlng Tha linpnclal siatemÈnts ha* been wepacedundErth•lharillesAci2O11 ￿<(Cl￿d1￿Wlth the 2014 verslonof AcwuDiIrf •hd R¢portln8 byCh4rltiE5'.StatemEni of Rewmmended Practlce ISOftPI appH¢a￿e to¢h¥iib•sprepaIS￿thelr•rU￿￿tskn4¢(ord4T0Mth fv FlnanclJl ReportlngStandardfoTSmJI￿r En￿11eSapp1l￿a￿1e In the UK Itffedlvp ffom IJAfiuary201s1-IheCh4rit￿￿ sORPIFRSSE)-lthwEk4￿metyl￿r￿S0RVsX￿jS¥e1Skn spttif*dkn related ftEAuIat￿n$and￿Èc£ordance wlth the'lweandfatrover￿. ￿•5￿￿£0￿al￿I ther¢w%.- 2. Funds Th•lunds heldconsiitulv. Fund5hddforany pwposedthèCF•xchwhlch•Thwty#ikne legacles recefvE 13. Anyknd5 wbe repro￿ted￿N￿Oreth4fiJ￿sI¢4h. EndowrnenlfvDd58rlsin8from D*115olt•thmbterfilfuFO•rodisdosedlnnoie 3, At¢ountlng pollcles Thtstaccounlsh•w be¢D prep•redon Ihe ￿•￿5￿(hIS1ork•l¢QrtQ￿QWthli IrNe5hefjts•MstrKw•t thth ￿￿￿¢1 ¥a￿e•lIh?*￿dofthQVe•r.O￿tht1cCrUl1S b4515 to Ihowa and[41r￿*wo1 the churcw¥l￿inKl￿I Pos*￿1nd￿l￿l1**. In¢om• Itb¢ome IsInclud￿lTr the 5t•temtht olFIft￿•1•AfvAl￿5l￿AIWht￿ihèChuT¢hTrKWm•SenlltledtQth*1•￿rtt$. Indthe trW*￿1reM¥th1￿YcertalDth¢VwIII recefv4 thvfq*¢ur¢•s', ind1￿￿¢￿t￿ry¥•1Ue(an hme￿w￿h$￿￿¢ThI r•llibi4y. ExpÈndltur• Th1511 rotrfn15ed whon * Ilabllty151Trr¥rr•4•ra con5tWcti¥ert41yi￿ldSts.th1t resth5 In th¢Pa￿l￿n¢ b•lwur*D¥dthNe. u¥￿1111e1 Ire rec4nlstd15 IQOlb•l• putllpwol econornk b¢n*nils COn￿dI1*￿￿tY• Ilkety lh0n￿t underlhetylorconstn￿1fve0bl1q￿uQncoMr￿t1IrrflthV Cii¢ull io payou1ro￿fc*$. Grants Gran15 m¥d* bythe Chur¢fr fr•m Iijown lund%•re¥ztqthedlnfvIi¥tikii￿ of4yeemeffttorwthen IhEClwreh4Cteptsth¢th•M li• Iwlor op•r4tkn•lObl￿Itlon tom•k• lh• paymEnt. Whtnthearant rtt￿rErf fp•*rrnorethan Qft¢Ytar ihe pay1b￿ kn fvtsJieypWS Is treatedasa provlslonfoi lutur• C4XThrtmvnlsln the 14n¢•5h••taylhStth•approwlJl• lun&Ihèw￿1Ith i￿¢1¥￿1￿)￿￿ur￿￿•￿￿￿mt•1rnents￿we ￿ld In KCordDr￿￿ththElMl8}h•lIYl1retd lerrns. VAT ThEthvi¢h lsVAT re￿5¢11•&•no1￿?1t*PFI1￿bh￿¢¢m••nd*1PtTr5*S1IQ nB% DlIFrti¢l#edVAT.Whw• Ihechwch Is noi ÈDllthdtorE¢l•lm InputVATihlslich4ryéd wllhtheexptnsqs lowhkh It relqvs. T8n8lble flxéd assets for use by th• Church These ¢aF4t•ll￿d1I iheyt4n be used th￿Qmy141,•ndl￿*d￿lts¢0#*4btdstÈW￿￿ D•pr•¢lailon of Flxed Assèts Depreclatbn lstharydgna Stra4ht lIMb•￿Ill￿t•S1aWdlo•I1th£c0rtr￿rI1*￿￿￿1¢dw#Idwh￿the•tsl1l. Invèstment Propertlqs Thecomm*f¢lal unlts4ndolfteesp4cewJ th•M￿t0￿e1Kldltt￿*MI￿rt￿￿O¥$In t￿1￿￿¥￿￿￿*1dIl¥ leltJrf•n • comrn•rtl•l b•sh toyner•te Incom• IO St￿¢0 ¢ermlNn>. Invt5trnent$ I￿￿$tr￿EntS*r¢ ￿lUid1￿ th• bblan￿$￿tIl* M￿rk￿y*ll￿¥t thEytarW￿. ImY*tm•At kncomlskn¢ltsdEdln thè X¢wDtsw￿Th1¢ce￿lbkna￿d1ny#•lnlQT￿>$geSttl r•viluwth%)•l lhe￿¥r•nd•re showthknth¢Str Debtors and Pfepayments O*btuslnclude, VATrrcU¥￿ab￿•na￿c￿lt *s%•$sm*nip￿knl¢￿lnc•. Crndltors Cr¢ditoi5l￿*jdQ ¥r£ru•b loreygeny•4kntern*on lo*n%VAT &leNedlncornt In iwpoaof¢¢fffMrthltyntswlv•dln a&4anEI. PaymeDttoTru5tees Thwe weie nop3ym¢nts made totrwteESlarad&lloMl*tTrkeswwdtdtothe ￿tth. IW21£ Fees for Èmamlnatlon of the accounts J￿rew•re no pa¥men15 i¢J the IndePE￿￿ent E¥amI￿r.(20l3￿• Pam em￿0Vee$ Iherew•reno ￿l￿empl￿VEesth￿nith@wt. Page 10 Blngham Methodist Church Notes to the Atcounts- c