2024-08-31-accounts

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SUDBURY METI10D￿OIURQl INIJAL TrUSTEÈY REPORT IIfflJEPENDEHffXAMIMERS' REpoLrr STAIEMEMTOFHI&INO￿ACTmTI£s IrnTOIHEACO)uiirs Page 2

SUDWRY MEniorMstCHURCII Nèll￿5 and addrwes The addressof the ryi5terEd offkeforthESudbury Methothst thurchtorthe purp05e5 gfthe Methodi5tChu￿hAtt 1976 and zny other le8¥skntyon is: SudlNry MethothstChur(h 809 Harrow Road Wernbley Londorb HAO ZLP Tel: 020 89CW51 Web: www.sudburymetWthurth.or8 thurth Ollke: SUd¥￿ry Methodtstthurch Harrow R¢)ad Wemblev London14AO 2LP Tol: 020 89CQ6351 rrustees forMethodi5t Cl¥Jrch Purposes Centrnl Bulldings Oldhn Street ManclEsterMI IIQ CeNtrdl Flnance Board of the Methodlst thurch 9 8orTrhlll reet london EC2A 4PE Bankn HSBC $84 Hlgh Road Weftthlev Mlddlesex HAO 2DB CAF Bank 25 Kln85 HHIA¥enue Kln8s Hlll West Mallknrt Keftt ME19 4JQ Indep￿dpfvt Emamlnèr.. MyrnÈl AbdulLihi ACMA 351apenhlll Wembley London HAO 3JF Page 3

SUDBVRY METIIODisf CHURCH The8ovemlnK bodyof the Methodlst Churth tsthe Confwtnce, whkh m4ets8nr4ually. The authority under which the conferen￿ aetsls8t¥en ￿the MÈthodlstChuKh Att 1976. W¢are wemed bythe Methodist thurthes Consiitutiwl Pradice and Dtscipllneand all CKgrlty Lawofthe Vnh In8dom. Th2¢h￿rth15$￿erned byh Methodist Churth Att 1976. the de￿ of Unlon and the Model Trusts ofthe Methodist Church. The purpose5 of the Methodlstchurth areand shall be deemed to have been sincethe date tsf un￿￿ olad¥ancement of. lal the Chrlstsn faith th owdan￿W1ththe dortrlnal standards and the 6lsdpline ofthe Meth￿l$t Church Ibl any Char￿able purp05eforthetlme telng of anyconnexional, dtstrl¢t. cirwiL local of otherorKdnlsatlon of the Methodistchurch Icl ary tharitsblÈ purp05eforthe beln8tsf anysociety orlnstitutlon or 5ubsldiary or anciilarytothe Method￿t(h￿r￿. any Purpose forthetlme bping olany¢herty btiDga charity sub51dlaryorandlSarytothe meth¢￿$t Clwjrth. Sudbury lthethtyJLst Cthurch15 oneoffourthurthesln WembleyCkculL which intumlsa partof the London ￿St¥l￿oIthe Meth￿l￿oI￿rth and 15 a reg15tefEd thadtynumber 1165216 Full NamÈofCharty: 5udbyry Method15tChurth R4i¥tratioTh tharlty NumtRr: 1165218 Dbtt of Re8btrafjon'. 19January2016 Maln Communication Addre55: HarrowRoad Wembiey London HA02LP Page 4

SUDBURY hqEfHODSTCfrNJRCH Thefull ltst of Tru5teaswho seThed dudfigthe yearand up to date of si£rAture ofthe accounts were asf01lu￿. Trustee$ joined during 2023124areslK)wn with asterixl'l and thosewho durlng thEyearareshown wtha5tert41"1 Rev Sonia Hlcks Rev Nigel styartwright Missjoan Ellls Mrs Paulette PIv4vell Veronl¢a Persaud Emma8ille Frederick Chartes Walker. aairGye51 Mrs Wvlan Koomson LeandroThoma5 Kelty Mrs ee¥ertey Per5aud Sabrina Newell Dawn Wilke5 DalsyW?Ike TheCall￿ of >Jdbury Methodlstthyrth 15to rev￿tOthe Et6pel gf6od'5 love in Chrnt afid to 1fve0￿1ts dlsclpleshlp In worship and mlssion.Thls b oxpressed through Worshlp, Leamkng Ind Cèrin& Evan2eltsM and Serv5¢e.The thur¢h is Ewmlttedts use its in a de¥tyfocussed and intentiortal wayto ensure an elltttfve ￿p)n5tothe needs of our onmrbns and wlder cornmunity. Sudbury Mèthodknchurch dststo lead al peop￿ from all bJEk¥roundstO Teal transformauon In Cmst. The callln8 of the Sudbury Methodtst Churth Ists respond ts)the 8ospel of God's love In Chr¥stand tol1ve0ut￿ dls<apleshlp In worship and mission. sudbury Method1# Clwrch IHvelÈased out part ofthe prevlously used as a communty daytare centreforthe eklertytoa prtr5chool chlldren's nwserywith whorn Itls hoped that a 8ood relationshipon bg establlshed ThÈsund￿5thool lorthStdren uptothe a8e of13 lsthrlvT￿ aftd ¥ rw biblestudy group has been started thith meets on the firstThursdayofeach month. Another membershlp1conffim￿on class has been held durin8 theyear. Ow15atlonal Struttsre Sudbury Methodist Churth $one pltourthurches In WernNey ClrvJlL Clwrth Mlnl#•raryl ollk• The Mlnlsterand Chair of the Mana8ln¥Trustees durtng 2023124 was Re¥d Nig¢1 w￿1ht who had pastoral re5ponsibllhie Thedwrth haslwr pthtkntemployees,. admlni5trdtor. 2cleanv$4hd £arker. Sudlwry Nelshb￿rh0Qd ISNC) Thesudbury Nei8hbourhDDd Centre ts a bulldlng at the rthrofthe¢huid) premises owned by the ¢hutth. ft w75 ¢X￿pIed by a daytare centre who weretenants undera 3Wear lèase.The day Ca￿ tentre be£arne finandally unylab￿dUT1n￿the year ?nd vacated the bulldlng5urrendedn¥the lease. The Church Coun¢il, afterdue wyts1dern￿0n of thèvarlousop￿ons btfore dedded that It would be bestforthe premises to be knsed. and the only real￿￿Opt￿n Seer￿ ts btto lease Itfor %Kcupatlon as• Thursery or Spe£ial Educatlonal Needs provklon ISENI. A Qvallfied &Jrveyor's Report IQSRI has bew) obtsined from Gerald Eve. J firm of s￿￿e￿or4 and the I￿vrCh Councll ¥e looklngto morketthe wen￿se5 on • Ioyear lease with a rent reviewafter5 years. The amount spènt atSudl￿ry ￿e￿boUrhood Centre for repalrs and dealllngwere Q690. Boller repalrs£LLWO. EnerAy performance tertthe £L080501idtorfsfees£6366. suFv*s fee5£12,fNIO in ujnnettlon wlth the lettlng of SNC slness rate amounted to £14,950. Th¥e ts a self￿￿￿1nedllat0n thethur¢h p￿l$eSwhkh was Ort￿TraIly I￿lIt for C￿c￿PatI￿ bythe Churth's caretaker. Th1$15oirrentty rented out to a pf￿atete￿anL Page S

SUDBU￿( MEfHODIST CIIUROI Durin8 2023124 Sudbury Methodtst thurch contlnued hs m¢nlstryand Se￿(e tothe people of Wembleythrough the pro￿$[0￿ vtwothtpandser¥ke opportun1￿¢$. and through th2 aval￿bilItyof (ts wemlses for hlr¢ by Indl¥¥JLEals and cornmunlty oryantsatlons. The Inwestmentof surplus fvnds ts tspwated vtathe Central Flfiance Board ICFBI ofthe Metlh)distChurth. aimsto provide hi8th qvalityinve5tment5e￿0 seekJn8 abo¥¢ avera8e relums for I￿t￿nn investor5. whilst wsurttY4 thatthè ¥turf¥os held by all Fts fvnd5aie in Hne wlth the ethlo41 poliry of the ￿th¢￿lISt Church. The Churth has Its fvnds In a depos account￿ CF& The Restrictsd Fundvthlth Is rnaintyfufidsfrom 5aksof propert￿5 15 Managed byTNstees fN PAotl￿diSt Purpose5 UMCPI.ThesethJndsare a150 In¥ested wlth CFa. ThoTrustees have had due rFgard totheguldan¢e publ&hed byt￿ (h3the5 Q)rnmWn In ¢omrAlaMewith Jtsdurfes under s•cdon l70fthèc￿fft￿s A¢t 2011. Thts ¥uidante5ets Outtwo kèy principles: L Theoreanlsation must ha￿ an Identifiable benefft. 2.The benellt rnust be tothe publkora secrion of the publl Theèthui¢h ekn5ts to: Irw5e 8wèreness of God's prese￿¢ alld tocelebrate Go(fs love. help peoplÈto learn and KrDW as Chrlstian4 throuth mutual 5UPPtsrtiftd care,. and be a Eteighbrjurto people ltt need and challenge injustke. Thlwstees conslderthatkrthese reasopsthe tharlty meetsthese publiebenefit re4ulrements. Flnan¢lal R•thi DurfrE 202¥24thawch rnlnbtrywbJn&diWhthèofferfw r￿P￿• Mtsfrom thurth pr¢pthtyand Inttrest from Thev4Nof fix¥l$asat3144￿l2024￿as£3 311524vJl)Pth l$ade¢reasèofE21436fromthe pwou5yrar. ThéChL￿thha$￿ewPIIts￿kpL1l￿èndtfft uwlatedaRtskR lNylthtsr¥tt￿va¥l￿5Ttsk5fadTtthe(h￿th the Impad ndthe Iwknd Ofthwnb¥￿1n$The main undervthlththesé ri5WA have Ixen t2W4ed: Mthrsh4pand Mtson It Is the wlicv 0fthe&J￿ury Methodi5tthuTth that unrestricied fvnds, e¥dudinHtangiblefixed #55ets. shwld be m3lDtained at a ￿1 equfvalentto bett¥￿n 51xmonths and oneyeafs expendIture.Theyn￿(ofis1deT thatfesei¥es at thts level will ensurethat, in the eventof a s8nlfit3rtdrop in fvndln& they￿11 be ableto rontrnuethe Churth's wrrent artlvltiès tonsideraYon1$8iven to ways ifi which addthnal fvnds may be raised. Th15 level of restlves has beèn malntslnedthrougknitthe yearand 4ttheywr endthe ChurcTr¢s reserves hekl under unrestrtcted hJnd5 arrwntedto £157165. Page 6

SUDBUIIY MEfHODISTCHUf¢CH It L% the intent￿fft to contlnue the Qk15tlnBlnld*ives of the chu￿ In addWoffj the Churchw￿1 cominueto a55e55 the needs ofthe lotsl communrty and. where relevart. con5iderthe deploymentof resourtss In extendlnethe seThktscurrentty provided toconwepVons and the broadtr(smmunity. Revd Mlnlster Page 7

SUDBUKI MEtHODIWCHURCH Staterneotof Trustegrf r¢sponslbllAlosforthèyoveTKled31 Aiigiist ZOZ4 The Trustee5 ire responslble forwepadngthe Tru5tee5' Report and the accounts In acc¢>￿)￿¢￿￿￿th applkable law and Unlted Kkngdrm AccwntiThs St4n(larth (United Kingdom Genwèlly Ac(wted Ac¢cAJntyn4 PTrcticel. The13wapplltableiO ¢barftie51n England an41 Wales requlrestheTru5tee5to prepare accountsfor eath )knnclal year, whith a true andhlrvlew of the state of •fPdirsofthe Churth'5 financlal ac¥¥ltles durlngtheyearand of fts financial position the end of the year. In preparlngthest attouttts theTrustee5 are requlredto: selttt suitabieattountlng pdiae5 and then apply thern consistenyv. obseThethe mÈthod5and pr1ndp￿lI￿thè tharlilesSORP.. makeludgements and esilmatss that are reasonable and pruden¢ state whetherèppllcable accountlng stapdartls have beenfollowed, 5ublqrttoany matedal depxturesdisd¢)sed and expl•(r￿￿ In theaccounts. and preparethe acttwnts on the8p1ngcon￿rTh basls unless It ts Iftapprapriatsto presumeth*the CharltyTMiI cOntIn￿ In operatK¥n. TheTTUStee5are T￿ponsiblef￿r keeping proper accountlng records thatdisdose wlth ￿sonable8¢￿￿Ztyata￿t7rnethe finanaal posltton of the Church and enable themto ensure thatthe accounts comptywtih the stsnding Orders of ihe Methodlst chU￿h,the Charfde5 Aa 2011. the Charlty (Accounts and Reports) Rwlatlons 2008ènd other relevant re8ulatlms. They are a￿0 ieswjnsible for safe8uèrdin8the assets of the tharfty and hence fortskirt8 reasonable steps forthe pre¥entioTr and dEte£tionof fraud5 andother kre8ularfties. Page 8

SUDBURY METMODisf CHURCH Independent examlnerfs Rtportto th¢TN5te•s of Sudbury Methodlst Churth I reporttothetwstees on my examlnatlon ofthe accounts ofsudbury Mhgdist church for the year ended 31 August 2024. Re$ponsl)iNties•nd basts ot report As the chèrity's trustees. you are responsible for the preparation of the accounts In accordance wlth the requirements ol the Charflles Act 2011 (the 2011 Art). I report in respect of my examinatlon of the Charlvs accounts carried out under section 14S of the 2011 Act and ir carrying out my examlnat(on I have follow￿ all the applicable difectlons 85ven by the Char￿¥ Commlsslon under sertlon 14515llbl of the Art. Indeperdont ex•mlnerfs Statement I have completed my exarninztion. I confiTrn that maierial matters have come to my attention in connectlon with the examinalion which give me cause to believethat in a#y materlal respert: 11 accounilng records were ntst kept in respect of the Charlty as requlred by section 130 of the Act- or 21 accounts do not ac(nrd wfth those records: or 31 the ac(ounts do not ci)mply wth the applicable requlrements concerningthe form and content of accounts set out in the Charities (Acctsunts and fteportsl Regulatlon5 2(MIA otherthan any rL¥4uirement that the accounts 8fve a true and fair vlew whlch Ss nota matter considered as part of an irbdependent ￿&MInatIOn. I have no £oncerns and have come acrgss no other matters irj connection with the exarninatlon to whlch aitentlon should be drawn in this report In order to enable a p¥oper under5tsndln8 ol theaccounts to be reathed Independent E¥arnlner. Myrnel Al)dullahl CGP4lA 3 StspÈnhill Road Wembley London HAO ate.. Page 9

S(IDBVRY METHODISTCHuf¢cH TOMI Offerln Gtsnts and ￿Trat￿Tr5 Glt aid Interest and lTrNYstm&itlnrome ReTrt Intfft Otherlnw T•wl Ino)mÈ 14918 4814 1651 180 JS,512 495 411n 17?59 Ir6A07 17 24L 144.7JZ 443 rcultassg¥n Gv•Thts ind don•iioffts Prw>trty makrten2nc• 41310 42$ 179 12.764 4.032 Inwr•nc•. uttlltles 3059 6L607 orherexpeThlkure 1759 37.Y9 62A16 282.749 Gain op intrY5tTheniasis P7,1>751 3293 4)9 41,864 Fund5 tsalances •t i Septenitrèr2023 71A 3394 Isatl efidJr￿S MH4 297 Total Offthfjny End GSlrs passd to Ext¥nal Balènc r4rf•d for￿rd Thefiot8son pe8es 12to 21fonD•n Intewll portoftlosoarA)unts. Page 10

SUi)BURY MEfiioDIST CIIURQI Comparatl¥•yur Ihrfonnatign Y•ar 31 Awist 1023 Fund¥ Total Offerings Giants and ￿nationS Glft ald In¢eTe5t and Investment Income Rerrtal Income Otherlncome 18.512 495 5,111 927 36354 80.241 3,n5 927 Exp•ndliurt on: Ch•rltabl•a(d%4tl•s stsff costs Clrcult assessment Grants and donatlons Property Miintenan Flat Maintenance Insurartw Utilibe5 Office experbses Otherexp)dlture 38,628 32.lYJ) 179 179 li 23,539 2.759 36,422 1759 927 927 otsrtwbsed zains and I¢>sMs 11etewdi￿rtAknCOm* bdorn Gllns on InvestB)ent assets 16.538 (45¥ 16,5381 3,299,634 4193m6 15,7541 3A4I714 3334260 b•tsnces at i Septembw 2022 410￿• ions for and ts to Extetnal Or n15atlon5 Wa￿Sta￿ appeal Wodd Mi$5ion Fund Total Offerln85 4nd Gffts pa59ed to External Or8on15atl¢)ns Balan￿ carried forward 183 152 334 13341 Page li

SUDBURY MErHODi￿a1UftCM Balon¢e Sheetas at 31 Au8ust2024 Funds Toi*l Ttjtsl Tanwble assets 3.108.156 4108A56 3,1(IJ.287 3.108,156 411 1149225 3.145.716 Yrert A85èts Debtor5 Y.M.C.P. h)t¢rest fund5 Centrnl ￿fian￿ Board ￿•S1￿ Cjth at bankand in hand 22,195 lo￿75 143.447 20,029 196.246 4.403 10.575 142,71 42.263 9,947 ia575 5.435 5,435 tNd#ow •rrKwJttslalllnidwwlthln ong y• 17 135,8121 {35AU} Nrtcwrenl A￿ts CfedStOT5: ATnPUhts hlltrrfdu•4ft•r 160,434 I91￿6 IL5691 13.7521 To￿#9#￿ 115$ tywwttftabimies 3266,021 3Jl1524 Unrethtte¢funds Pestrlcled funds Totsl Funds 326fjml ¥26Wi 3393P96 4L864 3.3¥960 46.503 3JX¥24 Approved by the MaDa8th8TNstees on slgned on thelr behalf by. Awemba thalr of Churth The nDt•5 on pw U to 21forrn an irtwal pBrt oftheSea￿Ufftts. Page 12

SUDBURY MEllioDJSTCHURal I. •A¢tyuntiwpolkle6 •> Chw¢h InlonMtIDn The Sudbury Methodlstchurth is an un1nc(Yp￿étrd Charty in En814nd and Walek Th main address15 gfven on pa8è 3 of these accounts. The a¢¢ounts have been wepared in J¢cNdan¢e with Charttles Ad 2011 and 'knuntlng and Rel￿1n8 by tharities: ststement of Recommended prattl￿ appll¢able to charltles preparing thelr accout￿ in accordance the Flnanc131 Report5n8Stsndar4 ¥pli¢able IntheVKand Republicof Ireland IFR5102llasamendedfDraccountinBperfods¢onwnen£ir¥ from l Januwy20161'. The Church Is a Publlc 8enefft Entwas by FRS 102. The Church ha5 taken advan4e of the ￿lOn% In thè SORP for charl￿ applylnB FRS 102 Update Bulletln I to prepare a Statrmentof Cash FIDWS. The atcounts have departed from the Chathios IAcrtyJnts and Rep￿ts1 RegutstlM 2(K58 onty to the e￿eTht requlrèd to rovide atrue and fair view. Thls tJepartyJre ha5 Invofved following the Ststemefit of Reteffjmended Practlce for charitbes apP￿n&FR5lo2r3therthantheversIonOfthe$tateMe￿tQf8eC0mM￿Trded Prncbcewhlch15 referr￿t0 In the Re￿￿￿on5 bUt￿1th has slncè Eeen wlthdrawn. The attourtsare prepsred In sitrfift&whlth bthe fundlon31 ￿treac¥of the thurth. The ac0￿nts of the ￿dbury Methodlst churth have been prepjred under the hlstorkal cost corwenttoffj modlhed to Include flnanoal InsiNmÈnts 3tkl¥ value. Thè prindpal a¢wuntingpdicie5 are set out below. c) GOI￿¢¢ntern At the time Of8pp￿r￿Xtht accounts. th¢Tru#ees hfft a reasonable expectation that th¢ Tnjst has adequate rtsourLS to confjnue In opvatlonal exISten￿ fof the foreseeable ) Funds Unrestrictedfun¢ts4re heldfor use atthedtscretloA tsf theTnistees Infurther8nte ofthegeneral Dbjetlfvesofthecharity. Restricted funds aTefvnds wthlth areto be L￿d ina(%ordarféwith 5pedfi¢ rtrktions Irnp05ed by donors and grantors. The alm and use0ft￿ mah)rrttblaed fvndsare setoth In the notes to the accoun1& ) re¢(¢￿10 ThÈchwch ¢fferin8s are ac¢ountetlfor on a bas Benevokn¢e funds have been hlstgrlca1￿ corrtllbuted bythe churth from thèlrgeneral fvnds and zreaccounte(6 for on receipts ba￿S inatcordan¢ewith Stsndtn¥Order $27 (rfthe ConstStutSon of the Meth(xli5t(hurch. Page 13

SUDBURY METhoExsf CHURCH Notesto thèat£wntsfortheYaT￿ 31 Aii8ustX)24lcfjntlnuodl l. rnntlfiKpollLles I¢(ortIn￿l Grnntsand donollon51ettf¥ed Grantsfromthlrd Paftiesarelnduded the reDtcthlklon$fvrthe 8rnnt have l)een met Voluntary income c0mprlsesdona￿OnS and Co￿￿￿tIOn$aThd ts a¢counted forwhen enthlementhaslen confirnied. the èmount can be measured and recelpt Is probable. Rentsl Incomp Rental In¢omefrom Inve51menl propertles Is ?￿o￿nte￿I￿r orfj a rectfv4ble basi> Other Ir￿orne Isacwunted foron a recewlebasl MuskA¢ad•mv F￿1 Mu51tA(3demy Is a project of Sudbury Methodi5tchur£h which 15 not £UTrenttyteS￿0p￿ated. The Income 15 etther dtrlved from voluntsry income. grants or by way of chaTftibleacd7Atle5. Intereston deposits lftvestrrtents Is accountedon a r•cefvabkn bashs. All expense5 areac£ountedforon an accruals bas15.Any ensulng liabilities aTerecagnised ass(￿ asa lègal trconstNrtNe gbllKation ar15e5. arcult 355e5smentlsacrourtsd foron an a¢¢ru31s bask. Tar4lbleflxed assets Properties are ststed at cost or in the C85e Df donated assets at ¥al￿atIon at the datè that the asse5 are gifted to the thurch. TheTNstees ¢onsiderthatthe Ihesof the propertles ale $0 long aTrdtheif resldual values 50 hl8h ￿$¢d on prkes prevalllng at the tlme of acqu5sltion that the annual depr￿latIOn tharge and 8ccumulated deprvlation Is Mrt materfal. Acco￿1n8￿, no d¢precl3tlon is pro¥idEd on freehold propertles used for charftable actIvIt￿5. matedal Impalm)ent In th• of s￿h Pro￿leS. followlng an annu31 revlew. would be chargeatsle to the Statsment of FlnakYJl ActM￿e Assets havlng an Inlttal cost of £l.IX)D or less are written off on acquisltiDn. f1Xtures and ffltting51 and cornputer eqylpment haWngan inlual ¢ostgreaterthan£LL¥)O are skted atcost less depreclatiDn. Depredatjon res calculatedto write off the t•st less estimatsd resldual value of each asset over its expertéd useful frfe¥fe asfrjllows: F￿UreS,fftuThOS and equlpment IL*A- 2U% on a stral8ht Ilne b345 Offlte equlpment: on a 5tr1ght Ilne basls The xaln or l¢)ss arlslng on thedlswsal of an a￿et15 determined a5the drfferen£e btheen the sale proceeds and the carryirtgvalue of theasset and is reco8fiised IA the Statement of Financial Artlvltlestsrthe year. Page 14

SUOBUftY MEfHODISW CHURCH Not•s to iharcounl$forth¢¥•arérMd 31Au8u¢1024(wntknuedl l. knurflngpolklex Iwntlnuedl lTrvestrnert propertie& whlch Zre properttesheldto eam rentsL$ 8ndlor for capital apP￿latI0Th, are Inldally measured at C05tand $ubsequentty measured uslnEthef￿rv8lutr model and ststed atfrdlrvalue a5 the reportingend date. Anysurplus ordefi(It on revaluation 15 reco8nised ln theststementof Financ)al A¢ti¥ltJes. l) Nonry¢urI￿t Inwsbnent6 Flxed assets Inyestments vthi¢h are held In unlls In the T￿t￿et$ Methodlst for thur¢h Purposes ITMCPI are 5tsted at the 90?￿.$ publlshedwaluationsasat31Aywst 2023. Realtsed and unrealised 8alns andlosse5 on InveS￿ents8rerttosrt In thèstatementof A£d¥th￿. frrnpa1rnient0lnon•￿ilI¥eltMehtr At each reportlng•nd date, thechurth revlewsthe carrwnz amouAts of IIStsn4lble assets to determln•whether Uwe Is any Indiratlon ththose assets ha¥e5uffered In impa5rmeftt loss. Ifaysuch Indicalon exlsts.the recovertble amountof theasset is estimated In 0rdert0determ1nethee￿nl0f th¢ Impalrmentloss{ff any) and aty lossesa￿ recognlsed ifi the Stateme¥ts of Flnanthl AcUthles. kl Cash and t•sh equlr4lents Cash and cash Equlvalents Includètssh In hand, de[￿Sts held at call wlth bank5, Otherthort-terrn Ilquld Investments wtth orlglnal maturftyes of three mohthsor le Fkn•¥Klal Instruments The Church ha$ ele£ted to apply the provtslonsof sett￿ 11 J5k Fkmncral Instnmentr OFFRS 102to all of tts flnancial irstruments. nancial InsrDJments are recognised In the Churth bjlance sheet when the Churth becomE5 pany to thé tontractual kYOVk5ions of the in5trumeni. Flnandal assets and Ilabl1￿leS aft oftse¢ with the net amDunts p￿ented In the accounts. vAwi therè is a le8ally eftforcea￿e ri8ht to set off the rètognlsed •mtyJnts andthere15 an Intention to settle on a netbasts ￿t0 reallsethewet and 5ettlethe Ilablllty s1mu1tsneous￿. ask flmnthl ¥sg¢ts Bas¢£finanual assets. which kntlude debtors and and bank balances, a￿ initialty mezsured 8ttr•r4actlon prlce Indudln8transaction costs and aresuLV4￿nt￿ carried at 8MOrtised Cost USill6the effetti¥e Intefe5t method unlessthe aryanÈement constrtutes 3 financlng tf3nsactign, where the tran$att￿Tr Is meawred at the prnt value of the future rtteipts dbeountedata markrf iateof Interest.Flnandal assets ¢la55ified as reteNab5ewlthin oneyear are notamortlsed. al¢fih•nthl Il•b11115ts Oasic financial liabillties. indudln8 other payables afe In￿1811¥ recoonlsed at transacdon prfce uftkn the arran￿ment Consiitutes a finanang trartsactyon, where the debt Instrument 1$ measured at the preserrt wdlye of the future poyments d15counted * a market of Interest. Financial Ik7bilitie5 classffjed t5 pay3bl#withkn one yearare not am￿tISed. Page 15

SUDBURY METHODI￿ CHUROI Ilstotheart(rfwrtsfrKtlwp•r end￿ 31Aiyst 2024 Itonthu•d) L A¢¢oUn1y￿ ptsWesl¢¢ntlnuedl l Ernpfoy•o b•heffts The cost ofarry holfdayentluement Is re¢o8nised In the perhd in 4thich the emp1o¥e'ssethso￿Ye¢￿ved. Tern)in￿on benefftsareretogni5ed Immethatelyasan wensetpjhenthe Churth ￿derr￿nstrabtyComm￿1Qrftotem1lftatt the employment of an employeè Dr to pro¥lde ienDlnatJon benefft& AtCe5S to a 5tskEholder pen5kn 5theme 1$ provlded to bll el¥ble lay eFryJloyees and the Churth wjtrfbutes aA am¢Junt ewal to6%of the employ￿s￿o55 salary Into pen51onsthem 2. CThlt•l•tounth¥estfrn•te5 nd Jud8•mMts In the appllcatth of the ￿urth,$ accountinR poJkl4 the Trn5tee5 are requlrEd to make ludgementy e5tlmat•s and assumpknons about the carMs)8 aiTh)unt of assets afid lk4bllitle5 that arn not TBadily apparent from other Sour￿ The estimatE5 and assoclated assumptlon5 are based hlthi¢al experierrte and other factors that are congldertd to rdovaniAttual results may dlfferfrom these astimate5. Tht eS￿rnateS and underlyln8a5sumptkn54re rwlewed on on oTrgolnK bas￿. Re￿$[￿n$ to accoUn￿nI esttmates are recognw In the PÈTiod in ¥thlL the esEimat15 r￿Sed vthere the rewsh)n affects onty th perfctya, or in tho perlod of thè re￿$lon and hrture pedcrfjs wherÈthè revlslon affects both curftnt¥nd futurè perfods. l)fferln8S 918 18.512 Intertsts and InNYstmwttlTrcome Funds FurAg Totsl TMCP Investmtht holdln8S: tWend$ lThteTtst CentNI P•)3rd thp0￿ jnteresi 927 335 559 7.557 Remal Ino)me Funds 2023 T•tsi Totsl Fl•t Sudtr¥Jry NeI￿bOu￿¢0d CeThtr¢ 15,fM) 1959 17959 15,tsYJ 21354 Page 16

SUDBURY METHoixFf ￿uRCH Notest0th•￿0llM5 fortheytsrended 31Aug￿t 2024{¢QtrMlnwd) 6. Other Intome Funds Totsl Total Ho4r5 Hall Lettin85 Ind￿￿1￿ Sanctuary Insuranee Clalms Other 120 loa, 79 1,042 7. Staff costs 105,407 80,241 Funds 2023 Total Funds salaries Emplow Nl Pensltsn Qsts 675 4UIO 1502 38,628 42AiO & Grantsand Donatlons ft￿tted Funds Funds Totsl Totsi evoltn Cther5 41 179 9thts1ntenanreon Chureh property Funds 2023 70ts1 Fut￿￿ Totyl ollef ￿paI￿ Roof repalrs Wfold t0￿r Elettfical Nv•J radlator instsiiation MiTrlster Offi￿ and Mansè o)ntiibutTDn umbing workand Notes Board newslnk traps Flre and 5euJrtyWems Cleanlng and Waste removal Ml%ellaTheous 1424 379 379 410 1.116 216 36¢ 1296 436 11764 412 Page 17

SUDBURY MEfHODisf CHURCH l)t•stotFkauounts forth?￿r￿ded 31 PW2024 l¢orbtlhMt•d) IQ Mlrten4nceon Flat 2Q3 Funth Toial loof repair5 Other repalrs ond M8lnten•rKe 8ollerreplrs 654 4,052 IL knnce, Ulllhle5 Funds Fynds Tmal Water 6è51 eiectrfoty IV41 4989 23539 5,16J 31 IL Olfke EXpen￿lAdmInis￿0t Funds T•lal PostsgeaDd Stalionwy 8kChages Tdephone Inem*fflebsitelS•iet In¥¢4tmwt fe¢$ ¢JYkeltrknlhJaycoverl 106 1207 Lin 156 132 la4 859 2.759 Oth•r•xpBndlt4re 13 Total Funds 70181 Worship gJpplle5 Orrdnist Icbuth band Equlpment repa5rs & malntettatt¢e Flowers Sudbury Newibourhood Cehtwe Computwsupr4ie5 and malnten?ffe Chalts Chtsrth Equlpment rwlrs ond malhtenan¢é Professional fee5 (Attountsexamlnatlortl Bjokkeeptng & Acmu4)tartty and others Membershlp lee ISoftwatEI Hospitalltyand Refreshmerf$ Equipment +fi Finance Interest Depredatlon Yotsthljunlor chu Advert151nE ch8rb Equipment thherexptnsos $49 1274 3.n9 90 29 7￿2 56 9J66 •166 9,60D 497 412 9)7 1,131 913 217 217 37,349 Page 18

SUD8URY IAEThODISTCHURCH Notesto tht ac¢ounts fortheyÈar•nded 31A￿s￿rt 2014 l¢otytlnuedl l& Tan8lbleassets nd& Flttlny & blliTr8s E4ulprnont Equ￿n￿nt C05t or￿ul110Th At I September 2023 At31 2024 To¢•1 3,104.952 3,110,607 Dwred•Wo At I $epternber￿3 Char8aforyear At 31 A4urt20 320 I,tsi 451 CaErythIV41¥e 3Affj156 AI 31 AuwJ5t 2023 The net book¥alue ot equlpment £3.204 ts the valut ofas5rf5 held underfinanco leè5es. The d¢predatlott thartyl respectof such assets 4mounted ts Eitsi forthe ¥rar. 15. InbEslmwrt5 VBluBtlon at I September2021 Valu8tkn ¢hafj8e$ V4lu•kn at 31 A¥tst 2022 36,429 4.639 35.645 36A29 Investme*15 htld by Central board At 3&Au￿st 20U A29 36,429 4L068 16. ￿610r$ Fur Fund5 Tot•1 AoJuats 2L944 251 3.227 L176 21195 17.Credltors: •n70unts fallkn8due wfthln oneyw Fwhds Totsl 0bli8ationsvftderfiftan￿ leases A￿lua15 LL93 fol J2,028 3881Z 975 5.625 351 6,951 a5,812 Other Creditors include £12,rJxi rentsl dep05tt pald by Blossom Patth Ltd for Lease of Sudbury Nei8hl>)urh0￿J Centre ènd the interest of £28 eamed at the end of August 2024. Page 19

SUOBVRY MEIHODISTaiuRCH I& cr￿￿or3. 8mountsfalllnBdue after moY•than year nd5 Totsl Totsl Obllptions underflA•nté leases 19.Anaty5h of net assets between fvnd$ F¥nd bglane¢s¥tU Au8V# 2Qua￿ represented by. Furtd5 Total Tan84ble fixed assets Investments CutTe)t assets ¢dItO￿ amouThtfalllngdue ¥Athln oDeswr Credtttsrs.. amount fallingdu¢ after more than ontyear 3JC.156 4WA56 4L 1435 196246 135JJ21 201ffj81 2,5 Transfers BgLince a5 ai Funds I. CFB ManB8•d Equlty FuNi 36,429 4298 L137 (3,3291 ill. 9JrnY*rtamp/Ébmd aft￿ I. CFO E4ts1ty Ftstyd. Thls In¥¢stmtht Is byThA For Methodlst ChuTth Purpo$85lTMCP) . Fud Mu4¢ArOdw.Thisfv￿ was 5•tfor wgaB4hgthildren and youngpwple In Wembiey thrts￿￿ m￿C . gJnMneEfwnpl Emd of tennArtMtsts thls fvnd Is fOr￿MMer actiyltles 21. Unrestrlrted fwMI$ lan¢•¥s¥t OL09J3 Outy)kn8 b•lw•on Fund5 l. Unr¢#ritted fund I1.￿j￿50r thurth Ill. Youth l¥. Bene￿I￿¢É Fund 3.289,727 153,3S9 118DS131 14461 15S6> 14251 13751 375 Ic 154 Page 20