STOKE NEWINGTON METHODIST CHURCH Charlty Reglsbatlon Number: 1185026 TRUSTEES. REPORT AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025
sroKE NEWINGTON MEfHODIST CHURCH TRusfEES REPORT AND FINANCIAL STATEmE[s FOR THE YEAR ENDED 31 AUGUST 2025 CONTENTS PAGE Reference and adrnlnistrative details Trustees report Statement of Trustees, responslbllltles Independent Examlnerfs report 9-10 Statement of Financial Actlvities li Balance sheet 12 Notes to the accounts 13-20
sroKE NENGroW 14ETHODIsf CHURCH REFERENCE AND ADMINIThATIVE DAILs FOR THE YEAR ENDED 31 AUGU 2025 The address of the registered office of the Stoke Newlngton Methodlst Church for the Charltles and any other legislation is: Stoke Newington Methodlst Church 106 Stoke Newington High Street London N16 7NY Tel.. 02072541488 Web: www.hackneymethodlst.org Sonlor management team Rev Paulo Bassa Da Sllva Rev Dr Jonathan Dean - 01.09.2025 Rev Rupert Weekes - 14.10.2025 Inv••tm•nt manager•: Central Flnance Board of MethodSst Church 9 Bonhill Street London EC2A 4PE Bankers: TSB Bank 539 Hlgh Road Tottenham London N17 6SD CAF Bank 25 Klngs Hlll Avenue West Malllng Kent ME19 4QJ Independent examlner: Aklntayo Ojo FCCA Resource Accountancy Prattice Limited Charted Certified Accountsnt 46 Hollywood Way Erlth DA82QE
sroKE NEWINGTON MEfHODIsf CHURCH REPORT OF THE TRusfEES FOR YEAR ENDED 31 AUGUST 2025 The Trustees present thelr report and the examined accounts of the Stoke Newington Methodist Church for the year ended 31 August 2025. The Trustees have adopted the provlslons of the statement of Recommended Practice {SORP) "Accountlng and Reporting by Charities. (FRS 102) In preparing the annual report and accounts of the Charlty. The accounts have been prepared in accordance wlth the accountlng pollcles set out In note I to the accounts and comply with the Charity'5 govemlng document, the Charltles Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practlce appllcable to Charltles preparing their accounts in accordance wlth the Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland (FRS 102) Govornance The govemlng body of the Methodlst Church Is the Methodlst Conferen, whlch meets annually. The authorlty under whlch the Conference Acts Is glven by Methodist Church Act 1976. We are governed by the Methodlst Churches Constitutional Prattlce and Dlsdpllne and all Charfty Law of the Unlted Klngdom. The Church Is govemed by the Methodlst Church Art 1976, the deed of Unlon and the Model Trusts of the Methodlst Church are and shall be deemed to have been slnce the date of unlon of advancement of: (a) the Chrfstian falth In accordance to the doctrlnal standards and dlsclpllne of the Methodlst Church (b) any charitable purpose for the tlme belng of any Connexlonal Distrlct, Clrcult, local of other organlsatlon of the Methodlst Church (c) any charltable purpose for the time belng In any soclety or Institutlon or subsldlary or anclllary to the Methodist Church. In Setting our objettlves and plannlng our actlvltles, the chartty has glven carefijl conslderatlon to the Charity Commlssion's guldance on publlc benefit and In particular to Its supplementary public benefit guidance on advanclng our objectlves as set above. The Stoke Newlngton Methodist Churth is a part of the Hackney and Stoke Newington Methodlst Circult, and is registered with the Charity Cornmlssion viith the number 1185026. Full Name of Charfty: Stoke Newlngton Methodist Church Charity Reglstration Number: 1185026 Date of Registration: 27 August 2019 Maln Communication Address: Stoke Newington Methodist Church 106 Stoke Newington High Street London N16 7NY
STOKE HEWIN0 METHODIsf CHURCH REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 AUGUST 2025 Trustees The full list of Trustees who sep4ed durlng the reportfjng year of the accounts were as follows: The trustees who joined or resigned during the year have the date of appointment or reslgnation stated beslde their names Rev Paulo Bessa Da Sllva Esther Adekunle Laura Dyer Mary Campbell - Dled 28.04.2026 Ellzabeth Aggrey Ekow Egylr- Resigned 31.08.2025 Alexandra Weekes Aggrey Georgina Oshinbonl Rev Dr Jonathan Dean - 01.09.2025 Lola Bello Clord Dyer Rosaline Lall Olive Johnson Cora Woolcock - Reslgned 31.08.2025 Eric Ayoola Joy Bello Mary Browne Rev Rupert Weekes - 14.10.2025 Method• of appolntm•nt or •l•ctlon of Truste•• The management of the charity Is the responslblllty of the Trustees who are elected and co-opted under the tenns of Its governlng documents and In line wlth the Methodlst Church. Organlsatlonal structur• •nd declslon-maklng polld•• The Charlty Is organlsed so that the Trustees meet regularly to manage the affalrs of the Charlty. A Mlnlster manages the day to day admlnlstratlon of the church wlth the support of the Church stewards. Pollcl•• adopt•d for the Inductlon and tralnlng of Trustees Most Trustees are already familiar with the activities of the Charity as they are drawn from members who have the skill set to offer and empathlse wlth our core values. Newly elected Trustees are encouraged to attend training. Objectlve and purpos• The calllng of the Stoke Newington Methodist Church is to respond to the gospel of God's love Sn Christ and to live out Its discipleship in worship and mission. This Is expressed through Worship, Learning and caringi Evangellsm and Servlce. The Church is committed to use its resources in a cleady focussed and intentional way to ensure an effectlve response to the needs of our congregations and wider community. Activltles The mlssion of the Church is to worship God as it celebrdte5 its diverslty according to the teachings of Jesus Christ. Through social ministry. prayer and pastoral care we will express God'5 kingdom of love. Worship takes place in both church building5 on Sundays with the congregations combining for some services including celebration of Holy communion. Sorne of our member5 also jojn with the online service provided by the Hackney and Stoke newington Circuit (untl May 2025). Weekly prayers take place at Stoke Newington High Street each Tuesday which has regular attendees.
STOKE NEWINGTON METHODIsf CHURCH REPORT OF THE TRusfEES FOR YEAR ENDED 31 AUGUST 2025 Activitles These are usually led by the Circult pastordl and Communlty Outreach Worker, but also by the mlnlster of church members. The Llstening Place has continued to serve the needs of our local communlty - opening on Tuesdays at Hlgh street and on Wednesdays at Green Lanes. The Charfty received a grant from the London Methodist District for providlng this Warn spa at both bulldlngs. The Ustenlng Place has been run bt the Clrcult Pastoral and Community Outreach Worker along with volunteers from the church and elsewhere and welcomes between 20 and 50 people each week for drfnks and light refreshments. In September, The Ustenlng Place had a Coffee Morning to ralse money for Macmillan Cancer Care. There was a New Year party held for guests to The Ustenlng Place In January. The Women's Fellowshlp has continues to meet monthly after the comblnes serylce for prayer, worshlp and reflectlon. During the year we have contlnued the Contemporary Song Servlce - usually led by one of the clrcult mlnlsters. Thls has been enabled by a group of singers and muslaans drawn from a Brazilian congregation who worship at the Hlgh Street, as well as some younger cSrcult members. Falth Clty Church contlnue to offer hots meals to people who are horneless and low Income famllles from our High street premlses once each month. A varfety of user groups (Induding each prem1 havlng a nursery operatlng each weekday). The Income raised by these help to sustsln the mlsslon work whlch Is happenlng at the church. The role of the drcult pastoral and Communlty Outreach Worker was made redundants In August 2024. The Listenlng Place will need to assess how thls Impacts the programme In the followlng year. The mln5ster, Rev Paulo Bessa Da Sllva Is movlng to another Methodlst Clrcult at the end of the year and the church does not have a dlrett repIarnent. In the short term, the Co-chalr of the London Methodist Dlstrfct will have pastoral charge of Stoke Newlngton Methodlst Church. Achlevements and perlomianc• The church-maintained worship at both sltes durlng the year and continue to share fellowshlp together. The Dlrector of Muslc at Stoke Newington continues to arrange a choir on a monthly basis, who contribute to the worship when congregations Join together. The Listening Place continues to serve between 20 and SO people from the local communlty, who come to the church as a safe, wami space. The hours were again increased during the winter months provlding a 'Warm Space.. The Listenlng pla provides a supportive envlronment, and has been able to provide occasional health advi to its guests - In both giving blood pressure checks and also through a medical practitioner who occasionally vlslts. Both a New Year's Party and a Coffee Mornlng for Macmillan Cancer Care were organlsed by the Circult Pastoral and Community Outreach Worker and the volunteers - both of which were well supported events. The church have continued to have involvement with Hackney Health and Hackney CVS Community Health Champlons Programme, and have also had a dlscussion with Cltlzens UK staff from Hackney. In hiring church rooms to other worshipping groups, or outside users, as well as providlng premises for 2 nurseries (one at each site), the charity maintains a steady income which helps the missional work of both Stoke Newington Church and also the Hackney and Stoke Newington Methodlst Circuit. Investments The inve5trnents of surplu5 fijnds Is operated via Central Finance Board (CFB) of the Methodist Church. CFB aims to provide high quality investment Service seeking above average returns for long term investors, whilst ensuring that the securities held by all its funds are in Ilne wlth the ethical PK4iry of the Methodist Church. The Church has its funds in a deposit account with CFB.
STOKE NEWINGTON MEfHODIsf CHURCH REPORT OF THE TRUSTEES FOR YEAR ENDED 31 AUGUST 2025 Public benefft requirement The trustees have due regard to the guidance published by the Charitles Commission In compllance wlth its duties under section 4 of the Charitles Att 2011. Thls guidance sets out two key principles: l. The organisation must have an Identifiable benefit. 2. The benefit must be to the publlc or a section of the publlc. The Church exlsts to: Increase awareness ot God's presence and to celebrate God's love: help people to learn and grow as Christians, through mutual support and care: and be a good nelghbour to people In need and challenge injusti. The Trustees conslder that for these reasons the charlty meets these publlc benefit requirements. Flnanclal revlew stoke Newington Methodist Church Is funded to a larye extent by a day nursery on each church site. There Is a flat which brlngs in a monthly rental and also other hlrers from the communlty make regular and one-off use of the premlses. Income Is also recelved through the offerlng from the congregatlon. The varlous propertles are funded from thelr income on a day to day basls. The value of the charlty's funds as at 31 August 2025 was £3,584,156. (2024 Is £3,571,987). Trustees. Intsre•t• The ministers who are Trustees of the charity are paid a stlpend from the Hackney and Stoke NewSngton Circuit and are glven a manse ft)r the ministers and their farnlly to live. The councll tax and also an official telephone line wlth broadband facilities to enable them carry out their services as ministers are also paid by the circuit. These arrangements a practiced through the Connexion. Expenses have been reimbursed to trustees where items have been purchased for the church. Apart from these, no other Trustees have been pald for their services to the Charity. Rlsk management The charity has reviewed Its risk pollcles and is produclng a Risk Register hlghlighting the various risks facing the charity, the impatt and the Ilkellhood of them happening. The main headings under which these risks have been categorised a. - Trustees, Responsibilities Membership and mi55ion - Resource5, people and property Finance - Legal These risks are wiewed regulady to ensure effertiveness.
sroKE NEWINGfoN METHODIsf CHURCH REPORT OF ThE TRusfEES FOR YEAR ENDED 31 AUGUST 2025 Reserves pollcy The trustees, policy is to have unrestricted and uncommltted fijnds (freereserves) to cover 3 - 6 months of resources expended whlch equals roughly £30,000 - £60,000. They feel that this will enable current activities to continue if the 5s any slgnlflcant drop In fundlng. It would obvlously be necessary then to consider how fundlng would be repla or activities changed. The prfmary purposes of the charfty a. (i) to cary out the objective5 of the Methodlst Church as reported above. {11) to support the work of the mlnlsters, lay employees, charity officers and Church members In thelr varfous responslbllltles In relatlon to the tharlty's overall mission. The reserves pollcy In connection wlth thls purpose will seek to maintaln sufflclent fvnds to ensure the payments of the Clrcult assessment and lay employee's salary. and to meet the needs of the runnlng costs of the church, for a glven period of time. The unrestrtcted funds are for the purpose of the Charfty. Plans for the futur• The charity plans to contlnue In worshlp on both sltes and also to develop The Llstenlng Place. Changes wlll be necessaryi as the current mlnister Is moving to another Methodlst Clrcult after August 2025. Also the role of the Clrcult Pastornl and Communlty Outreach Worker has been made redundant, so the volunteers at The Llstenlng Place wlll need to work differently. Since the Circult were not successful In belng statloned wlth a full-tlme superlntendent mlnlster durfng 2024 - 2025, the Co-chalr of the London Methodlst Dlstrlct will be Actlng Superlntendent of the Hackney and Stoke Newington Clrcult, and Minister In Pastoral Charge of Stoke Newlngton Methodlst Church. The charSty hopes that a supernumerary minister might be able to offer some time to the circuit, and to do some work at Stoke Newington Methodlst Church. Approved by the trustees on > June 2026 and signed on their behalf by: Rosaline Lall Trustee Clord Dyer
STOKE NEWINGTON MEfHODISf CHURCH ATEMENT OF TRUSTEES RESPONSIBILrrIES FOR YEAR ENDED 31 AUGUST 2025 ststernent of Trustees. responsibility The Trustees are responsible for preparing the Trustee's Reports and Flnanclal Statements In accordance wlth applicable law and Untted Klngdom Accountlng Stsndards (Unlted Klngdom Generally Accepted Accountlng pract1). Charfty law appllcable in United Klngdom requlres the Trustees to prepare flnanclal accounts for each flnanclal year, whlch glve a true and falr vlew of the stste of affalrs of the Charfty's financlal activities durlng the year and of its finanaal positlon at the end of the year. In preparlng these accounts, the Trnstees are requlred to: Select sultable accountlng pollcles and apply them conslstently: - Observe the methoos and prlnclples In the Charltles SORP: - Make Judgement and estlmates that are reasonable and prudent: State whether appllcable accountlng standards have been ft)Ilowed subject to any materfal departur dlsclosed and explalned In the accounts, and Prepare the flnanclal statements on a golng concern basls unless It Is Inappropdate to presume that the charlty wlll contlnue In operatlon. The Trustees are responslble for keeplng proper accountlng records that dlsdose wlth reasonable accuracy at any tlme the flnanclal posltlon of the charlty to enable them to ensure that the accounts comply wlth the Standln9 Orders of the Methodist Church, the Charlties Act 2011, The Charity (Accounts and Reports) Regulations 2008 and other regulations. They are also responsible for safeguarding the assets of the d)arity and for taklng reasonable steps for the preventlon and detection of fraud and other irregularities. Approved by the trustees on > June 2026 and signed on thelr behalf by: Rosaline Lall Trustee Clord Dyer
STOKE NEWINGTOII METhODisf CHURCH INDEPENDENT EXAMINERS REPORT FOR YEAR ENDED 31 AUGU 2025 Indep•fid•ht •xamln•r'• stat•m•nt- contlnu•d I have no concem and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In order to enable a proper understanding of the accounts to be reached. Thls report 55 made solely to the Charity's Trustees, as a body In accordance wlth Part 4 of the Charities (Accounts and Reports) Regulatlon 2008. My work has been undertaken so that I mlght state to the Charity's Trustee5 those matters I am requSred to state to them in an Independent examlner's report and for no other purpose. To the fullest extent permltteo by law, I do not accept or assume responslbllity to anyone other than the Charity and the Charity's Trustees as a l)odyi for my work or for thls report. Aklntayo Ojo FCCA As$o¢latlon of Chart•r•d C•rtlfl•d Accountants Independent examlner Resource Accountancy Practlce Ltd 46 Hollywood Way Erlt DA8 2QE D•t•d: 3tr jr 6
STOKE NEWINGTON MN0DISr CHURCH STATEMENT OF FINANCIAL AcrivrriES FOR YEqR ENDED 31 AUGU 2025 Yotsi Total Fund* Fun¢ts FuThdo Funds Notes 2025 2025 2025 2024 Incomlng resources Church Offering & benevolence Rental income Donatlons Grant income and Interest Other Income Total Incomlng resourc•• 15,488 190,810 153 2,466 318 209,235 15.488 190,810 153 3,970 318 210,739 10.770 193,413 663 2,230 1,504 1.504 207,076 Re80urces expended Clrcult assessment Grants and donatlons Stipend and staff cost Charity costs Support costs Management and governance cost Total re80urce8 exp•nd•d 94,020 94,020 114,520 10,000 22,858 130,791 2,650 260.319 10,000 22,858 130,791 2,650 260,319 6,861 20,732 90,225 2,550 234,888 io li Net(outgolng)/lncomlng resources for the yeai- 51,084 1,504 49,580 27,812 Total funds at the start of the year Movement in funds Balance at the end of the year 3.538,834
3,571,987 3,566,646 33,153 3,571,987 3.487,750 34,657 3,522,407 The Statement of financial activities indudes all gains and 1055es recognised in the year The notes on pages 13 to 20 fonn part of the financial statements
sroKE NEWINGfoN MEfHODIsf CHURCH BALANCE SHE AS AT 31 AUGUST 2025 Total Total Fufhd• Vund FundB Notes 2025 25 2025 2024 Flxed assets Freehold property 12 3.514.202 3,514,202 3.514,202 Tangible flxed assets 12b 4,448 4,448 3,636 Current amets Debtors Cash at bank and In hand CFB funds Totsl 13 14 15 2.318 37,178 8,078 47,574 2,318 37,178 42,735 82,231 4,723 41,791 40,880 87,394 34,657 34,657 Total a•••ts 3.566,224 34,657 3,600,881 3,605,232 Les8: current IlabOlltle&' Credltors: Amount falllng due wlthln one year 16 78,474 78,474 33,245 Net currnnt a•Mt• 3,487,751 34.657 3,522,407 3,571,987 N•t amets Flnanc•d by: ¢harlty funds General - restrlrted General - unrestritted 34,657 34,657 3,487,750 3,S2I407 33,153 3,538,834 3.571,987 3,487,750 3.487.750 34,657 The financial statements were approved and authorised for Issue by the Trustees on 34 Jun• 2026 and signed on their behalf by., Rosaline Lall Trustee Clord Dyer The notes on pages 13 to 20 fom part of the flnanclal statements
sroKE NEWINGTON MEfHODisf CHURCH NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 AUGUST 2025 l. Accounting policies (a) Accountlng convention These accounts have been prepared In accordan wlth Charltles Att 2011 and Accountlng and Reporting by Charities; Statement of Recommended practi appllcable to charftles preparlng thelr accounts in accorclance wlth the Financial Reporting Standard applicable In UK and Republic of Ireland (FRS 102). Stoke Newington Methodlst Church Is a Publlc beneflt Entlty as deflned by FRS 102. Stoke Newlngton Methodlst Church has tsken advantage of the provlslons In the SORP for charities applylng FRS 102 Update Bulletin I not to prepare a Ststement of Cash Flows. The accounts are prepared in stedln9p whlch Is the fvnctlonal currency of the charlty. Monetary amounts are rounded to the nearest pound. The accounts of the Stoke Newlngton Methodlst Church have been prepared under hlstorlcal cost conventlon, modlfled to Indude the valuation of Investrnent propertles and certain flnancial instruments at falr value. The Prfnclpal ac£ountlng poliaes are set out below. (b) Goln9 concern At the year end, the charlty had unrestrjcted generdl re5errfes of £20,000 and It wlll contlnue to recelve income from property rentals and donations durlng 2023. If requlred, It can also seek flnanclal support from other Methodlst Church entlties. The Trustees acknowledge the adverse effect of the Covld pandemic has had on not only the seNices It offers to Its worshippers, but also on its finances but most of the challenges have been overcome. Thus, at the tlme of approvlng thls account. the Trustees have reasonable expectatlon that the Charlty wlll have suffldent flnanclal resources to ¢ontlnue In operatlonal exlstence for the foreseeable future. (c) Fund a¢¢ountlng General funds are unrestricted funds whlch are available for use at the dlrectlon of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with the specific restrittions Imposed by the donors which have been ralsed by the charlty for a particular purpose. The cost of raising funds are charged agalnst the speclflc fund. The alrn and use of each restrlcted fttnd Is set out In the notes to the financial statements where applicable. (d) Income recognltlon All income is recognised once the charity has entltlement to the Income, It is probable that the income will be received and the amount of incorne receivable can be measured lIably. Income tax cOVerable In latIon to investment income Is recognlsed at the time the investment income 15 receivable. (e) F¥xed assets & depreciation recognltion Fixed assets comprise fijmiture and equipment and musical equipment and have been costing more than £500. Tangible fixed assets a stated at C05t le55 depreciation. Depreaation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expetted usefr.,I lives on the following bases: EGu.'wrnt - 25 % dUcIng balance. Furniture & fitting - 25% reducing balance
sroKE MEWINGfoN MEfHODIsf CHURCH NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 AUGUST 2025 l. Accounting polldes - Continued (f) Benevolence Benevolence funds have been historically contrlbuted by members to support those In need. (g) Grants and don*lons received Grants from thlrd partles are Included when the relevant conditions for the grant have been met. (h) Voluntary Income Voluntary Income comprlses donatSons and contrlbutlons and Is accounted for when entltlement has been conflrmed, the amount can be measured and recelpt is probable. (l) Rental Income Rental income from Investment propertles Is accounted for on a receivable basis. (J) oth•r Incorna Other Income Is accounted for on receivable basls. (k) Investment Income and Interest Interest on deposlts and Investments Is accounted for on recelvable basls (l) Expendlture Expendlture is recognlsed once there Is a legal construrtlve obiigatlon to transfer economlc beneflt to a thlrd party; It Is probable that a transfer of economlc benefits wlll be requlred In settlement and the amount of obllgatlon can be measured rellably. Expendlture Is dasslfled by aLtlvlty. The costs of each attlvlty a made up of total of dlrect costs and shared costs. Includlng support costs Involved In undertaklng each actlvlty. (m) Expenxs All expenditure is accounted for on accrual basis. Any ensuring liabilltles are recognlsed as soon as a legal or constructive obligation arises. {n) Clrcult assessment Circuit assessment is accounted for on an accrual basis. (o) Cash flow The financial statements do not indude a cash flow because the church, as a small POrting entity is exempted from the quIrernent to prepare such a statement under the Finanaal Reporting Standard for Smaller Entities (effective 2002).
sroKE NEWINGTON MEfHODIsf CHURCH NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 AUGusf 2025 l. Accounting policies - Continued (p) Tangible fixed assets depreciation A55ets having an initial cost of £IOOO or less are written off on acqulsltlon. Ftxtures and flttlngs, office and computer equipment having an inlttal cost greater than £IOOO are stated at cost less depreclatlon. For these accounts all fixtures and flttlngs have been wrftten off as In the expendlture and not capitalised. (q) Cash and cash equlvalents Cash and cash equlvalents Include cash In hand. deposlts held at call with banks, other short-tenn Investments with orfglnal maturities of the months or less. (r) FlnanclJl Instruments The charlty has elected to apply the provlslons of Sectlonll 'Baslc Flnandal Instruments, or FRS 102 to all Its flnancial Instruments. Flnanclal Instruments are recognlsed In the chartty's balance sheet when the charlty becomes party to the contractual provlslons of the Instrument. Flnanclal assets and liabllltles are offset, wlth the net amounts presented In the accounts, when there Is a legally enforceable rlght to set off the recognlsed amounts and there Is an Intentlon to settle on a net basls or to reallse the asset ar settle the Ilabillty simultaneousty. (•) Ba•lc flnanclal a•••ts Baslc flnanclal assets, which Include other debtors and cash and bank balances, are Inltlally measured at transartlon prlce Includlng transartlon costs and are subsequently carrled at amortlsed cost uslng the effettlve Interest method unless the arrangement consUtutes a flnandng transactlon, where the transaction is rneasUd at the present value of the future recelpts dlscounted at a market rate of Interest. Financlal assets are dassified as recelvable within one year are not amortlsed. (t) Baslc flnanclal Ilablllti Baslc financial liabilities, Includlng other payables are Inltlally recognlsed at transaction price unless the arrangement constitutes a flnanclng transaction, where the debt Instrument Is rneasud at the present value of the future payments dlscounted at a market rats of Interest. Flnanclal liabllltles classified as payable within one year are not amortised.
sroKE NEWINGfoN MEfHODIsf CHURCH NOTES TO THE ACCOUPtrs FOR Y&4R ENDED 31 AUGUST 2025 Total Total Fund• Funds ds Funds 202S 2025 2025 2024 l. Church Offerfngs Offerfngs other 15,488 15,488 10,770 15,488 15,488 10,770 2025 2015 2025 2014 2. Rental Income Academic Nursery Glnger Nursery Green Lanes Hat Other Room Rentsls 78,440 63,250 34,200 14,920 190,810 78,440 63,250 34,200 14,920 190,810 78,953 76,150 27,850 10,460 193,413 2025 2025 2025 2024 3. Donatlon8 Donatlons other credlts 375 288 663 153 153 153 153 2025 2025 2025 2024 4. Grant Income and Int•r••t Interest Grants -wam spa$ grant 466 2,000 2,466 1.504 1,970 2,000 3,970 2,230 1,504 2,230 2025 2025 2025 2024 5. Other Income Other 318 318 318 318
sroKE NEWINGfoN MEfHODisf CHURCH NOTES TO THE AccouKrs FOR YEAR ENDED 31 AUGUST 2025 Tot•1 nd# Pund• Fund 20 2025 2025 2024 6. Clr¢ult Assessment Payment to Methodist church drcuit 94,020 94,020 114,520 7. Grnnts and Charlty donatiom 2025 20 2025 2024 Grants - Warni spaces grdnt 8. Stlpend and t•ff ¢o•t 2025 2025 2025 2024 Premlses and operatlonal manager Cornmunlty outreach worker 6,861 10,000 10,000 10,000 10,000 6,861 9. Cost of actlvltl•• In furthranc• of: Chartty's objects Telephone and broadband Church group Donatlons Muslc lInCeS & envelopes Insurance Church expenses The knstenlng Place Expenses 2025 2025 202S 2024 1,176 3,023 139 14,609 3,549 361 1,176 3,023 139 14,609 3,549 361 745 2,960 12,323 3,247 1,457 22,858 22,858 20,732 10. Support Costs 2025 2025 2025 2024 Premlses costs Utilities & water costs Cleaning & waste disposal Repairs & malntenan Fees Depreciation 15,130 66,644 5,556 40,758 129 2,575 130.791 15,130 66,644 5,556 40,758 129 2.575 130,791 15,425 43,150 5,506 24,289 127 1,728 90,225 11. Managemert and governance costs 2025 2025 2015 2024 Accountancy ftes Consultancy fees 2,650 2,650 2,550 2,650 2,650 2,550
STOKE NEWINGfoN MEfHODIsf CHURCH NOTES TO ThE Accoup¥rs FOR YEAR ENDED 31 AUGUST 2025 Ilotes Totsl Total 12. Fr¢¢hold pnjperty Falr valuatlon 12 31-Aug 2025 31-Au9 2024 At 31 AugU•t 2025 3,514.202 3,514,202 12b. Tanglbh •w•t• To 3X-Au9 1025 Tot•1 31-Au9 Z024 Muslcal Furnlture & equipment flttings At I September 2024 Addltlons At 31 August 2025 1.824 5,094 3,387 8,481 6,918 3,387 10,305 6,215 703 6,918 1,824 Deprnclatlon At I September 2024 Charge for the year At 31 August 2025 912 456 1.368 2,370 2,119 4,489 3,282 2,575 5,857 1,554 1,728 3,282 Net book valu• At 31 August 2025 At 31 August 2024 456 912 3,992 2.724 3.636 3.636 13. D•btor• 2025 2024 Debtors balances 2,318 2,318 4,723 4,723 14. Cuh balances 2025 2024 Total balan held In all current accounts at perlod end 37,178 37,178 41,791 41,791 15. CF8 Balances 2025 2024 CFB Account 08587010 CFB Account 08587020 8,078 34,657 42,735 7,727 33,153 40,880
sroKE NEWINGfoii MEfHODIsf CHURCH NOTES TO THE AcCourS FOR YEAR ENDED 31 AUGUST 2025 Notes 16. Creditors 2025 2024 Accrued accountancy fees Others Deposlt - nursery rent li 2,650 41,167 34,657 78,474 2,550 600 30,095 33,245 17. Related party transactlon During the year, the charity paid instltutlonal grnnts to Methodlst Church Circult such as the Circult assessment fees stated In nrte 6 18. Net Incomlng reUrCeS/(RQI0UrceI Pendd) Thls Is stated after charglng Accountant's fees 2025 2024 li 2,650 2,550 19. Muslc Ilcence & emi¢lop•8 2025 2024 Muslc for servlces CCU Ilcences Donatlons envelopes 11,589 639 11,806 517 20. Utiiitle• 2025 2024 Elertrfcity Cost Gas cost Water cost 19,750 32,568 14,326 66,644 16,679 23,661 2,810 43,150 11. Cleanlng & Waste dlgpo•al 2025 2024 Cleaners costs Waste disposal to local councll 3,999 1,557 5.55 2,219 1,493 22. Trustees remuneratlon During the year, no Trustee received any MUnetiOn During the year, no Trustee received any benefits in kind 2025 2024 Nll Nll
sroKE NEWIP4GfoM MEfHODIST CHURCH NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 AUGUST 2025 Notes 23. Taxatlon Stoke Newlngton Methodlst Church Is a regl#ered charlty and all of Its actlvltles are tax exempt under rules of taxatlon granted to charftles. 24. Analy•l• of n¢t u•ets b•twn funds Analysls of net assets between funds: current perlod IFufbd• 2025 Freehold Propertles Tanglble flxed Assets Current assets Credltors arnount falllng due wlthln one year Deposlt for bulldlng rent 3,514,202 3,514,202 3.636 87,394 92 33,IS3 3,571,987 82,231 43.817 3.52W7