--202&IReg1straln I16fJ218 IDts for the yearended 31 Augusl 2025
SUDBURY MEfHODisf CHURCH NTE IINVAL TRLISTEES. REPORT STATEMENTOFTRUSTeey RESPONSIBILITIES IIIDEPENDEMt EXAMINERV REPORT STATEMENTOF FINANCIALAcnvifiES ifyii BALANCE SHEET I40TEST0TTr ACCOU14TS 13.20 Page 2
SUDBURY METHODIST CHURCH Reféren3rtd Adrnlnlstratl¥e Detalls Name5 and addresses The address of the registered office forthe Sudbury Methodlst church forthe purky)ses of the Methodlst Church Att 1976 and any other leg151atlon Is: Sudbury Methodlst Church 809 Harrow Road Wemblev london HAO 2LP Tel.. 020 89086351 Web: www.sudburymEthodthhLtrch.org Churth Offi.. Sudbury Methodlst Church 809 Harrow Road Wemblèy London HAO 2LP Tel: 020 89086351 CUSdIanT¥usteeS. Trustees for Methodist Church PurrKJses Central 8ulldlngs Oldhhm stet ManchestErMI IJQ Investment Manager$'. Central Finance Board of the Methodlst Church Methodlst Church House 25 Tavistock Place London WCIH 95F Bankers: CAF Bank 25 Klngs Hlll Avenue West Malling Kent ME194JQ Ind•pend•* Examiner. Myrnel Abdullahl ACMA 3 Stspenhlll Road Wembley London HAO 3JF Page 3
SUDBURY mH001sT CHURCH Twu51ee< RertlIth•y•4l ended 31 Au8u5121Y25 Gtsvernare The governln8 body of the Methodlst Church is the ConfeTeTrce. whlch meets annualty. The authorlty under whlch the ConfeTente act5 is gFven by the Methodist Church Act 1976. We are Boverned bythe Methodlst Churches Constttutional Practlce and Dl$clpline and all Charity Law ot the Unlted Kin8dom. The church 1$ 8ovemed by the Methodist Church Act 1976, the deed of Unlon and the Model Trusts of the Methodlst Church. The purpose5 of the Methodlst Church ¥re and shall be deemed to have been 5inEe the date of unlon rjf advancement of.. l)) the Christian faith in accordance with the dcKtrinal standards and the discipline of the Methodlst Church Ibl any charitable purposeforthetinE belng of ar¢y Connexional, dlstrtct. clrcuit, lotal of other organlsation of the Methodist Church Icl any charltable purptsse for the tirre belng of any soclety or instf(ution or subsidlary orancillary to the Methodlst Church,. any purpose for the tlmè belng of any chartty belng a charlty Subsidiary orant511ary to the Methodist Church. Sudbury Methodist Church Is one of four churches in Wembley arcult, whlch In turn Is a part of the London Dtsirict of the method Church and Is a re8iStered charity number 1165218 Full Name of Charity.. Sudbury methOdt Church Reglstratlon Charity NumLr 1165218 Date of Registration: 19January 2016 Maln Communicatitsr Address.. 809 Harrow Road Wemblev tondon HAO 2LP Page 4
SUDBURY MHoD15T(HURCH The full Ilst of Trustees who served during the year and up to date of Signatu of the accounts were as follows.. Trustee5 jolned durfng 2024/25 are shown wlth asterix I'l and those who left during the year a shown with asterix I I Revd Kldo Baek. Rev Nigel Stuart Wright Veronlca Persaud Miss Joan Ellls Mrs Paulette Newell Eugene Atiemh ' Charles Walker George Sabaratnam Emma8lne Frederlck aair Gyes Mrs Vlvlan Koomson Leandro Thoms Kel Mrs 8everW Persaud Sabrlna Newell Dalsy Walker Dawn Wilkes ObJertlveand purpose The callin8 of Sudbury Methodist church isto respond to the gospel of God's bve ln Chrlst and to11ve out Its dlsciple5hlp In worship and rnission. This is expressed through Worshlp, Leamlng and Carin& Evangelism and Service. The church 15 committed to use its resources a cleadyfocussed and IntentSonal wayto ensure an effective respK)nse to the need5 of our congregatk)ns and wlder communlty. AcllvTtle5 Sudbury Methodist Church exists to lead all people frorn all background5 to real transformatloTh In Chrlst. The callln8 of the Sudbury Methtsdist Church isto respond to the gospel of God's love In Chrlst and to Ilve out Irs dSscipleship In worshlpand rnissS0n. Sudbury Methodlst Church have leased part of the prernlses prevlously used as a community day Ca Trt for the elderly to a pre-sch¢)ol chlldren's nursery wlth whom It Is hoped that a good relètionship can be established The Sunday School for chlldTen up to the age of 13 15 thrfvln& and a new blble stuty group has been stsrted whth meets on thef115tThursday of each rnonth. Another membershlplConfTMt[0n class has been held dUngthe year. Org3n15at5onalstruclure Sudbury Methodlst Church is one of four churches in Wembley Circuit. (hurth Ministtr and offiws The MlThlster and Chair of the ManagingTrustees durlng 2024125 was Revd Nigel Wrl8ht who had pastoral rpsponslbllltles nfjl hls resIgnaOn on 31stAugust 2025. y staff strurture The church ha$ four part time employees,. adminR5trdtor, 2 clEaner5 and caretaker. SUdry Nelghbourhood Centre ISNQ The Sudbury Nelghbourhood Centrels a bullding èt the rear of the thurth prerni5es owned by the church. It was occupled by a day care centre who were tenants undera 3year lease. The day care centre became financial unvlable and vacated the bullding surrenderlngthe lease In January 2023.The Church Councll, after due con51deratlon of the various options before It. declded that It would be best for the premises to be knsed, and the only reallstlc optlon seemed to be tg lease It for £Kcupation a5 a nursery or Speclal Educational Needs provlslon ISENI. A Qualif(ed Surveyor's Reporr IQSRI has been obtained Irom Gerald Eve, a firm of sutveyors, and the thur¢h Council are lookin8 to rnarket the premises on a Iyear lease wlth nt revlev4 after 5 years. The arnount spent at Sudbury NelghbouthoDd Centre for roof paIrS £3,360, Gas supply £6.240, solieitorfs fees E2,654, surveyorfs fees £3,600 Page 5
SUDBURY METHODIST CHURCH Flat There a seff-contained flat on the church premlses which was orlginally bulttlor occupation by the church's caretsker, Th15 Is currently rented out to a prniate tenant. The amunt spent for roof repalrs was £5,520 and Boiler £168. hleN*ments and pèrformance During 2024125 Sudbury Methodist Church contlnued Its mlnlstry and seNlce to the people of WembleythrtsL4h the provisK)n of w¢yship and 5ervKe OpportUnles. and through the avallabllltyof tts premlses for hlfe by Indl¥lduals and community organisations. Church also ran Hollday ACtttY Club forchlldren and young people's; itwas decided that the remaining balance of fund for Fuel Music Academy and sUrnr camp/ End of tem ALtlvitiesshould be used for chlldren and young people artN[t$. The balance tsf £5,435 wa5 transferred to U)ildren and Young People lund. Durin8 the year£521 was recelved from chlldren and young peopleactlvltles and £2,352 wa5 Spent on 3CtlvltiÈs. The balance carrfed forward into next ffnanclal year is £3,604 See note 19 on page 20. In¥ÈstmÈnts The investment of surplus fund5 is Operat vla the Central Finance Board ICFBI of the Methodist Chuwch. CFB alms to provide high quality investment servlce seekln8 above average returnsfor long temi investor5, whilst ensuring that the SecurleS held by all its funds are In Ilne with the ethical wliry of the Metho(4ist Church. The Church has its funds in a deposit ccount with CF8. The Restricted Fund whlch Is malnlyfunds from sales of properties ts managed byTrustees for Mèthodist Purposes ITMCPI. These funds are also Invested wlth CFB. The church trust rnodel 17233 Varlous Bequests fund is managed byTrustees for Mdhodlst Purwses ITMCPI and Is In¥ted wlth CF8. Part of trust model 17233 Varlous Bequests fund wa5 cla551fled as $trItted fund up to the end of August laxyear, during the year. the church contacted TMCP toget mre Informatlon aboutthe trustfund. the informatlon e1Ved indicated that the fund 15 3 Type 8 Model Trust which rneans the funds are unStricted and can be used for any Methodist Purpose, they èrethe CFB mana8ed inve5trnent fund whlch can only be accesslble by selllngthe avallable unlts for cash. The fund earns dlvldend. Thefund wa5 transferred from restricted to unrestricted fund, this is recorded on the balance sheet oft page 12 and on notes 19 and 20 on page 20. The value transferred was £41,068 at the beglnnlng of the financial yearand at the end of the financlal yearthe fund was valued at £42,129 an increase of £1.061. The other part of the trust mdel 17233 Varlous Bequests fvnd whlch Is Trustee5 Interestfund earns Interest, isvalued at £10.575, In total at the end of August. the value oftrust model 17233 was £52.704. Publk Bwefft The Trustees have had due regardto the guldante published by the chare$ ComMissn in compllance wlth its dutles under section 17 of the Charltles t 2011. Thls 8uidante sets out key prFnciples'. l. The Organisati must have an identrfiable beneflt. 2. The benef must betts the public or a section of the publit. The church exlsts to.. increase awareness of God's presence and to celebrate God's lovè,. help people to learn and grow as Chrlstlans, through mutual support and care.. and be a 8ood nel8hbour to peopte In need and challenge injustlce. The Trustees consKlerthat forthese reasons the charty meets these publk beneftt requirements. Page 6
SUDBURY MN0D1 CHURCH Flnanclal Rwl•w Durtng 2024125thurth nMn1strywasfundedthrJ8h the0fferfn8relpts. nt$frOm¢hurch wopertyand interest from investments.Theofferingof £20.212 IncludedJunk)rthurch offerfngof E31&Junlor¢hLwch offerfngfund balan see note 20 on ge 20. The valueofchurch funds as at 31 Au8USt 2025wa$ £3,346,839thKh i5an increase of £34.315frorn the prevlous year. Rlsk ManagemenL The Churth has revlewed S rfsk pollcksand have uOated a Risk Rw5tEI hhlIghtin8th?¥auS risksf3cln8the church.the Impact andthe Ilkelihood of them happenin8.The main headings under which these rlsks have been categorisedare.. Trustee5' RespsibIlitS Merrkethipand Mi55K Re50urc4 Pecand ProFerty Fyondal These rtsksart UlarlYt0ensUreeffeCteSs. Reserv Polky It is the pdity of the Sudbury Methodlst Church that unrestrirted fund5. excludlngtanglble flxed assets, should be malntalned at a level equlv31ent to between si¥ months and one yearfs expendlture. The Trustees considerthat reseThe5 at thls level will ensure that: in the event of a si8nrficant drop in fundln& they wlll be ableto continue the Church's current actwities whileconsideration is given to ways In whlch addltlonal fvnds may be raised. This level of reserves has been malntained throughout theyear¥fid atthe year end the Church's reserves held under Un$trIcred funds amounted to 194,081. Mansforihefvtt4 It 15 thE intentlon to contlnue the exSstlng Initlatlves of the Church. In addrtfjon, the Church wlll continue to assessthe needs of the local communlty and, where relevant. consider the deployment ol re50urce5 In extendln8 the servlces currently provided to congregations and the broader commuThlty. Appro¥•d by the Trustees on the 3rd May 2026 and s*ned onthelr behalf by: Ilevd Kldo Baek. Superlntendent Page 7
SUDBURY MEfHODisfcHURCH st•t•m•nt of Trustees, responslbllllles forth•yÈar ended 31 Augusi 2025 The Trustees are reswnsible for preparing the Trustees. Rep)rt and the accounts Sn accordance with appllcable lawand Un6ted Kin£dom Accounting Stsndards luned Kingdom Generally Accepted Accounting Practicel. The law appllcable to charltles In England and Wales requires the Trustees to prepare accounts for each financi31 year, which give a true and fair view of ihe state of affalrs of the Church's financlal activlties durlng the yearand of its financ*al position the end of theyear. In pparing these accounts. the Trustees are required to.. select surtable accountin8 polities and then applythem con515tently.' observethe rnethods and princlples In the Charities SORP,. make judgements and e5tlrnatesthat are reasonable and prudent.. State whetherapplicable Jccountin8 standards have been followed, sublect to any materfal departurès disclosed and explalned in the accounts. and prepare the accounts on the golng toncern basis unless tt fs Inappropriate to presume that the Charity will continue In operatlon. The Trustee5 are resKx)nsible for keepln8 proper accountln8 record5that dlsckjse wlth reasonable accuracy at any tlme the financial posf(lon of the Church and enable themto ensuiethat the accounts Comp with the Stsndlng Orders gf the Methodist Cthurch, the Charities Art 2011, the Charf(y (Accounts and Reports) Regulations 2008 and other relevant re8uSations. They are also responslble for safeguardlng the assets of the charity and hence fortsking asOnable Steps forthe preventlon and detèttlon of frauds and other irregularltles. Page 8
SUDBURY MEfHI)DISTCHURCH I report tothe ttee5 on my examlnation of the accounts of 5udbutyMethodlst Church for theyear ended 31 August 2025. Re5pDo4bllttlB5 Ixds ètrport the £harl$ trustees. you are responsibleforthe preparatlon of the accounts In a¢cofdonce with the reqvirements of the Charltfjes Ort 2011 (the 2011 Artl. I report In respectotrnv WAamlnatk)n of Ihe CharW5 accounts ¢arySed g¥t under sectlon 145 of the 2011 Att and In tarrying out my examination I have followed all the appmcable dlrecttOThS 8lven by the Charlty Commlsslon undersettitsn 14515llbl of the Act. I havecompleted my amInath?n. I conflrm that no material matteTS have cometo myattentlon In tonnECtlon the Èxaminatkn wM¢h gwe me czu5eto believe that in any materfal respett.. 11 attoutstlng recordswere not kept ln respectof the Charity 85 required by Section 130of the ACL. or 21 the 8CCOUrts do not accord Mth those reteds; 31 the accounts do not comply wlth theappllcable fequirements concernlngthe forrn and content of a(count5 set out in the charle$ IAc¢ounts and Rewtsl Regulatlons 280ther than any reqbjlrement that the accounts give a true and falr ¥iew vjhlth Is not a matter eonsldered as part of an Independent exarnlftation. I have no conceT115 and have corne acr055 no other mattpT5 In ccnneth)n with the examinatim to whlch attention shatsld be drawn In thls yeport In orderto enable a proper understrndin8 of the aCCDunts to tsè reachÈd MyTnel Abdullaht CGMA 3 StapÈMhlll R03d Wemb London HAO Oate= ILlJlts
SUDBURY METHODIST CHURCH Ststtmentot Fln•n¢ialAcllbltles for the y4ar endd 31Au8urt2025 Total T•tal Ollerfn8S Grants •n%l Tronatlons 61ft aid Interest and In¥trt Ihttrne Rental Inwme Qther Intomt 70ts1 lThcom• 202 11205 1976 ?A22 7N12 8925 17.959 105,407 15574 I,914 511 Ch•rft•bl• attl4tths Staff tOSt5'. Clrwlt 155essment Grants ind donatlons Property Mntenance Flat MalNien¥h Insurance. irt11e$ ice expense5 Other expendltu Totsl e¥•ertdlr J)22 42310 425 I118 34 1196 J7 151714 354 1196 31M6 3.059 62A16 li 159,066 l¢y••ndllurtlllnwfivJ b•f• oth•tr•wlMdplns and Gain on Investment è5sets 33354 27 0751 36.146 4L06B 77214 3266,021 343 Tian5fers bttwten funds 14•t mDwmotht Ih lun05 Fund5 balaThw at i Septembor2024 FdI bl••¢u*31Awst zo 1214361 41,0681 34,3ts 121,4361 3.334,960 3 312.524 The notes on p•845 13 to 21 form an lrte8ro1 pwrt of thes•4tMun Page 10
SUDBURY METHODIST CHURCH ststeThRnt of Hnandal A¢(Ivhle$forthe year ended 31 Augurt 2025 Comparatlve year Irrfonnatlon Year ended 31 August 2024 Unrestrl¢ted Funds Restrfrted Fund5 2024 Totsl Notes ome and Endowments fro Offerlngs Grant5 and Donatlons Glftald Interest and Investment Incomè Rental Income Other Income Totsl Income Expendlture on: Charitable aLtibTtie5 Staff costs CirLVit assessrn*nt Grants and donations Property Malntenan Flat Maintenance Insuran, Utiiitles offi expen$e$ Other expenditure Tot•1 ewpendltu 18,918 1014 2,651 8.116 17,959 105.407 154,865 IB,918 1814 2,651 8,925 17,959 10SA07 ASS.674 809 42.310 34.000 425 7.999 654 31,886 3.059 61,607 1,940 42310 425 7.999 654 31M&6 3,059 62NI6 182,749 io li 12 Net lexpend5tureVSn(ome before other r¢co8nlsed 8aln$ and losses Net empendlturellncome befort Galns on Investment assets 27,075 27.0751 4,639 Net movement In fvnd5 Funds balan5 at I September 2023 Fund$ balances •t 31 2024 127,0751 3.293,096 3,266,021 4.639 41,864 121,4361 3334,960 3312.524 Collectlons for and and Benef¢ciaries ents to External Or anisilion5 MHA Parklnson's Disease Society Totsl Offerings ané Gffts passed to External OrnISatIonS Balance carried forward 203 297 500 15001 Page 11
SUDBURY MHODiSr CHURCH Balan Sheet as at 31 August 2025 Unrestrlcted Funds R¢sirirted Funds 2025 2024 Total Total Notts Flxed Assets Tan&ble as$et5 TMCP 13 3.107.025 42,129 3,149,154 3,107.02S 42,129 3,149,154 3,LO8,156 41.068 3.149.224 Cuent Assets Debtors T.M.C.P. Interest lunés 21.800 10.575 16S,215 17,135 214,725 22,195 10.575 143.447 25.464 20L.681 10575 165215 20,739 218J29 Centr31 Flnants Board Deposits Cash èt bank and In hand Crtdlt•r5'. amounts falllw due thIn •n¢ y¢•r 16 119.4651 119A651 135.8121 14et Curr•th Ass•ts Credltors.. Amoumtsf•lllng duq after more than one ye4r 195.260 I9864 165,869 17 11.1791 IL1791 12.5691 Totsl assets less tuNent Ilabilitie5 3,343.235
.34639 3.312,524 Auurnulated ndS Unrestrlcted funds Restricted funds Total F$ 3.343.235 3,343235 3.604 ,34639 3.266,021 46,503 3.312,524 3,343,235 Approved by the Managing Trustees on 3rd May 2026 and signed Dn their behalf by.. Revd Kldty *ek. Chalrof Chtsrth Coun<il M$ Aweml Churth Treo$urtr The notes on pages 13 to 21 form an Integral part of these accounts. Page 12
SUDBURY MHODIST CHURCH 14otesto the accountsforth• y••r ended 31 2025 L A(nI1 polltses al Churth Intommlon The Sudbury Meihodlst church Is an unlncorporated Charlty In England and Wales. The tnaln address 15 given on page 3 of these accounts. bl A¢countlng ¢om*ntion The accounts have been prepared in accordance with Charftie5 Act 2011 and 'Accountlng and Reporting by Charr(ie5: Statement of Recommended Prèrtice applicable to charities pparIng thelr accounts In actordante wtth the Financial Reporting5tsndardappllcable In theUK and Republlcof Ireland (FR5 1021 lasamendedforèccountingperio4scommencing from l January 20161.. The Church is a Publlc Benefit Entlty as defined by FRS 102. The Church has taken advantsge of the provision5 in the SORP for charltles applyln8 FRS 102 Update Bulletln I not to prepare a Statement of Cash Flows. The accounts have departed frorn the Charftles IAccounts and Reports) Regulations 2008 only to the extent requlred to provide a true and fabr view. Thls departure ha5 Invofved followlng the Statement of Recommended Prattice for charrties applying FRS 102 ratherthanthevefslon ofthestatementof Recommended Prattice which Is erredt0 Inthe Regulations but whKh has 51nce been wlthdrawn. The accounts are prepared in sterfin& which is thefunctional currencyof the church. The accounts of the Sudbury mhOd1$t churth have been prepared under the hlsrorfcal cost convention, modthed to include flnanclal Instruments at falr value. The prfjnclpal accountlng pollcies are set out below. cl Golffg CanM At the li of approvln8 the accounts, the7rle5 have a reasonable expectatlon that the Tm$t has 8dequate iesource5 to contlnue In opernfjonal existence forthe foreseeable dl Funds Unre51ricted fund5 Unrestrictedfund5 are held for use atthe dISctIon of the Trustee$ in furtheranceof thegeneral ob5ectlves of the Charity. Re5trkted fvnds Restrlcted fund5 are fvnds which are to be used ln accordance wlth speclflc $trIctIOnS imposed by donor5 and grantors. The alm and use of the malor restrlcted funds are set out in the notesto the accounts. el Income recoenition (1th offerln Thethureh offerfngs are accounted foron a recelpts basis. BonevoTrre Benevolence funds have l)een h15torlcalty corttrlbuted bythe church from thelr general funds and are accounted for tsn a receipts basis In accordance whh Standin8 Order 527 of the con$ttIOn of the Methodlst Church. Page 13
SUDBURY METHODISTCHURCH Notes to the at¢ourtts forthe year eTh4ed 31 Au8USt 2025 Icoffllnu•dl l. A¢countlne policies Itontinuedl Grants and donatlons eIved Grants from thlrd partle5 are Included when the levant condit*)ns forthe grant have been met. Voluntary income tomprlse5 dgnatlons and contributlons and is attouTrted forwhen entitlement has been confirmed. the amount can be measured and receipt is probable. Rental Income Rental intome frorn inve5tmert propertles Is accounted foron a recelvable ksls. other Intome Other Income Is accountèd ft)r on a rece6vable basls. Fuel Muslc Acaderrry Fuel Musk Academy is a project of Sudbury Methodist church which Is not currently being operated. The income is eitherderived from voluntary Income. 8rants or by way of charitsble actlyltles. In¥eslment Income and Interest Interest on deposhs and Investments is accounted on a reable basls. Expendlture recoRnklon ense5 All expensesare accounted foron accruals bas. Anyensulng Ilabllltles are 08ned assoon as a legal 0rconxnjtte obllgatlon arfse$. Clrcult assessment Circuit as5es5ment is accounted lor on an actrua15 basis. Yanglblefixed osset$ Properties are 5tsted at cost or In the case of donated assets at valuation at the date that ihe assets are grfted to the Church. The Trustee5 conslder thatthe Ipves of the propertie5 are so long and thelr residual values so high based on prlces prevalling at the tlme of acouisitlon that the 3nnual depreclatSon charge and accumulated depreciation is not materfal. Accordlngly, no depreciation is provided on freehold prOrtieS used forcharitable actlvltles. Any mèterial Impairment in the value of such propertles. followln8 an annual wiew, would be chargeable to the Statement of Flnantial AttNities. Assets havlng an Inltlal cost of El,000 or le55 are wrltten off on acqulsrtbn. Fixtures and flttings. ofAce and compwer equlpment havin£ an Inltlal cost greater than £l.000 are stated at cost less depreciation. Depreclatlon rates calctjlèted to write off the cost less estimated resldual value of each osset over Its expected useful life a a5 lollows.. Fixtures, fittings and equlpment.. 10%- 20%on a stralght Ilne basls OFfice equlpment.. 20% on a stralght Ilne basls The galn or loss artslng on the dlsposal of an at Is detemilned asthe difference beh¥een the sale proceeds and the carryingvalue of the asseL and Is re¢o8nised in the Statement of Flnanclal Actfvities forthe year. Page 14
SUDBURY METHODIST CHURCH Notes tothe accounts fortht ytwended 31 Au8U5t 202S Icortlnuedl l. Atcountlne pollcles (cont1ed) h) Investment PrortieS Investment propertles, whlch are propertles held to earn nts15 and/or for capitsl appreclatSon. are Inltlally MeaSud at cost and subsequently measured usin8 the fair value model and ststed at falr value as the reportlngend date. Any surplus ordeficlt on revaluation is recoenised in the Statement of FincIal ArtIVleS. 11 Non-wrrerrt Investments Fixed assets investments which are held in uni(s in the Trustees MdlK)dlst for Church Purposes ITMCPI are stated at the Board's publlshed valuatlons asat 31AugtJst 2023. Reallsed and unreallsed galn5and1055e5 on investments are rec¢xnlsed In the Staternent of Flnancial Actfvitles. j) lrnpalrment of non-current In¥e$tments At each reporting end date, the Church revlews the carrying amouftts of its tangible assets to deteTThlne whether there Is any indlcatlon that those assets have suffered an Impalment loss. If any such indication exists. the recoverable amount of the asset Is estlmated In ordÈrto determinetheextentof the irnpairrnent loss ItFanyl and any losses are wognlsed In the Statements of Flnanclal Acuvltles. Cash and tash equivalents Cash and Cash equivalents Include cash In hand, dèptssits held at call wlth banks. other short-temi Ilquld Investments with 0ri8inal maturities of three months or less. 11 Financial i1rUMentS The Church has eletted to applythe provisions of SeCtn Il'Basic Financial Instruments. of FRS 102 to all of it5 financial instrurnents. FlTranclal Instmments are re¢o8nised in the Church balance sheet when the Church becomes party to the contractual provlsionsof the Instmment. Financval assets and Ilabllltles are offset, wlth the net arUnts prèsented in the account5. when there Is a legalty enforceable rlght to set off the ¢08ft1$ed amount5 and there is an intention tosettle on a net basls orto realise the a55et and settle the liablltty slmultaneousty. Basic fInal01 a55ets Baslc financlal assets, whbch include other debtors and cash and bank baLances. are inltlally measured at transattion pr5cè Includlngtransattion costs and are subsequentty carried at amortlsed cost uslng the effectlve Inte$t nthod unless the arrangement constitute5 a finarcing transactlon, where the transartion is rneasud at the present value of the future recelpts dlscounted at? market rate of Interest. Financlal as$sCIa55111ed 35 recewable wlthln one year?re not amortlsed. Baslc flnorKlal Ilabllltles Basic financlal llabll1ts, Including other payables are initially re¢o8nised at Iransactlon prlce unless the arrangement constltutes a fsnanclng transaction. where the debt Instrument is measured at the present value of the future payments dlscounted at a market rate of interest. Financial liab511ties classified as payable within one year a not arDort15ed. Page 15
SUDBURY METHODisfcHURCH Notes to the aoUnt5 for the year•nd•d 3IAu8U5t 2025 Icorrtlnuedl L A(£ountlng polltles l¢ontlNe411 ml Employeè btneffts The cost of any unused holiday entltlement Is recoBnlsed in the perfod In which the employee's servlces aye recelvad. Temination beneff(5 are reco8nised immediatety as an expense when the Church Is demonstrablycommitted totermlnate the employment of an employee orto provlde termlnatlon benefiis. n) Retlrement b•wffits AC55 to a stakeholder pension xheme 15 provided to all eliglble lay emptoyees and the Church contrlbutes an arnouni equal to 6% of the empkJyee'5 gr05S salary into pen51on scheme. 2. Crftlcal nting estlrnates and ludgements In the application of the Church'5 accountin8 pollcles. the Trustees are requlred to rnake judgements. estlmates and a5sumptlons about the tarrying anUnt of assets and Ilabillties that are not readily apparent from other sources. The estlmates and associated assurnptlons are based on his11C31 experlence and other factors that are conSided to be rtlevanL Actual results may differ from these estlrnates. The estlmates and underfyiTh8assumptlons are revlewed on an on80in8 ba$15. Revlslons to accountlng estymates are recognlsed in the perlod In which the estimate is revised wheve the revision affects only that period, or in the period of the revision and future perlods where the vIsion affects both current and fre perlods. 3. Interests and Investment income 25 Totsi 2024 Total TMCP Investment holdings.. Dividends Interest Central Finance Board deposlt Interest 703 495 6.224 809 559 8,925 4. Rental Intome 2025 Totsl 2024 Totsl Flat Sudbury Nelghbouthood Cent Is,th) 27,040 15,000 2,959 17.959 Page 16
SUDBURY MHODIST CHURCH Notesto the accountsforthe yearended 31 August2025 Icontlnuedl 5. Other income 2025 Tot81 2024 Total Flowers Hall Lettin8s Includln8 Santtuory Summer activities Other 210 106,720 521 1,014 108A65 120 103.908 1.379 105,407 Other income of £1,014 Include Benevolence fund of £36 and £978 of rnoney received from weddlngand hjneral seNice3. 6. stsff costs Z025 Totsl 2024 Total Salaries Employer Nl Pension Costs 40.178 2261 1S83 44,022 40.030 675 1.605 42,310 7. Grants and Oonations 2025 Toial 2024 Total Benevolen 150 42S 150 425 8.Malntenance on Church propertv 2025 Total 2024 Total Boller repalrs Scaffold tower Electrical works new slnk traps Fire and securfty systems Cleanlng and Waste removal Miscellaneous L932 2.424 1,5 379 216 3375 311 S.230 670 11,518 1.580 412 Annual btsiler checks and repair5 Cost £I.932. Elertrlcal works was carrd out in the church hall. corridor and outslde at the cost of £3,375 In total. Cleaning and waste iernoval includes cleanlng materfals and toiletries cost of £1,501 in total. Sklp hlre £600. pest control £1,260, unblockin8toilet and waste rernoval cost 1.169 and Work carried OLrt on communrty Garden cost £7. Page 17
SUDBURY METHODisf CHURCH Notestothe account$forthe Yearnd 31 August 2025 l¢ontinued) 9. Malntenance on Flat 2025 Total 2024 Total Roof repaiT5 Boiler repir5 5,520 654 654 10. Insurance, Utilftles 2025 Total 2024 Total Water Gas l Elertrlclty Insuran 2,489 24,234 5,163 31,886 13m3 19?34 11, Offlce Expenses l Adminlstratlon 2025 Total 2024 Total Postage and Stationery Bank Chages Telephone, InemetlWebsite158tellte Invettment fees OFfice (Holiday coverl 415 79 14 545 106 1.415 134 859 3,059 2.196 12. Other expendlture 2025 Total 2024 Total Wor5hlp Supplles Organ5st Ichuch band Equipment repalrs & malntenantt Flower5 Sudbury Nelghbourhood Centre Summer activities Professlonal fees (Account5 examlnatlonl Book keeping & Accountsncy and others Membership fee lftWare) Hospltallty and Refreshments Equipment Hlre FInan Intere Depreclatiorb Junlor chur£h Advert151ng Kltchen equipment Other expenses L636 6.165 1.140 1,358 6,540 990 54 2,352 400 9.600 600 241 183 492 1,131 38,166 400 9,600 497 261 412 700 1,131 I,(XJ2 229 913 217 62.416 2S 40,148 Page 18
SUDBURY METHODisf CHURCH Notss to the accounts fortheyear ended 31 August 2025 l¢ontinuedl 13. Tan8ible assets Freehold Land B¥lldln Flxtur•s Flttlny & Equlpment Egulpment Total Cost Ofwdluation At 15eptember 2024 Al 31 Aytyst 2025 3,104.952 5,655 3,110,607 Deprttiation At I September 24 Charge for year At31 AuBust 2025 2,451 1,131 2,451 1,131 Caryln8 Value At31 August 2025 3.104.952 5,107,025 At 31 Auwst 2024 3,104,952 3.204 3.10&156 The book walue ¢f equipment £2,073 is the value of assets held under flnance leases. The depreoation tharEed in respett of such assets amounted to £1131 forthe year. 14. Investments 1024 Voluatlon at I September 2024 Valuation changes Valuatltsn ¥t 31 Augu512025 41.C68 I,(Ksi 41129 36.429 4,639 41,068 Investments held by Central Pinante board At 31 Au8U5t 2025 4Z,119 41.119 41.068 41,068 15. Debtors Uhrestritted Funds Restrfcted Funds 2025 Total 2024 Total Accruals Olher Debtors 5,134 16,666 21 21,944 Z51 22,195 16.666 Other debtors, amount of £16,666 is Blossom Patth Nursery unpald rent at the end of Au8ust 2025, this amount has been paid if fully. 16. Credltors: amounts falllng due within one year Unre5ts5rtod Funds Restrkted Funds 2025 Totsl 2024 Total Obligations under fiThèTh leases ALrrua15 other Creditur5 1,390 5.284 12,791 19.465 13 5284 12.791 1.183 22,601 12.028 35,812 Other CredStors InclLKle £12,OLX) rental dep051t paid by Blossom Patch Ltd for Lease of Sudbury NelEhbourhood Centre and the interest of £573 earned at the end of August 2025. Page 19
SUDBURY METHODIST CHURCH Nots$to the a¢tountsfor the year ended 31 Aiwst 2025 Iwnt5nuedl 17. Credltors: amounts falllng due after more than one Unrestrirte Funds Restrlcted Funds 2025 Total Total Obli8ation5 underfinaThce leases 18. Analysis of net as5els between tunds Unre5trfcted Funds Restrtrted Funds 2025 Total Fund balanos at 31 Au8U5t 2024 are represented bv.. Tanwble fixed assets Investments Current assets Creditor5'. amount falllng due thIn one year CredStors'. amount falling due after rwre than one year 3,107,025 42.129 214,725 119.4651 1.1791 3J43.235 3.10725 218329 119J651 11,179 3346A39 19. Re5trlrted funds Translers Balance as at betwe fvnds 31m25 .0924 Intomini Fund5 i. (FB Manoged Equlty Fund ii. Fuel Musl£ Academv lil. Children and Young People Iv. rnrner campl Entl of term Actlvltles 41,C68 4.298 14L0681 14.2981 5.435 IL137) 4L068 521 12,3521 1.137 46,503 521 P.3521 . CFB mana8ed Equity Fund. Thls In¥e5tmeni Is managed by The Trustees For Methodist Church Purp05eslTMCP) 11. Fuel MusicAccademy. This lund was Set for eng4nE chlldren and young people Wembley throuth muslc ill. Children and Youn8 People. This fund is for enga8in8 children arid young people. Iv. mrner umpl Emd of te A10eS this fund is for5ummer actfvr(les 20. Unrestrlrted funds Balan a5 at 324 Translers Balano as •t Out8oln8 be lunds 31.OB.25 Funds . Unrestrirted fund i. Junior churth iii. Benevolen Fund 3.262.198 1,821 2,tN)2 3 26621 197038 316 36 1161.6051 12891 150 41.068 3339A99 1941 162 48 1.235 Page 20