2025-08-31-accounts - Notting Hill and Harlesden Methodist Circuit

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NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit)

Registered Charity No. 1190847 (England and Wales)

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

NOTTING HILL[&] HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill][Methodist][Circuit)] Circuit no.35/14

“™

Trustees	Sonia Barnes
	Wendy Chase
	Revd, Paul Wood (Chair)
	Faith Nyota
	Esther Samuels
	Elaine Spence
	Ellen Boakye
	Bevan Powel
	Kofi Baah
	Robert Dixon
	Sangwoo Seo
	Ingrid Yarde
	Florence Doherty
	Susannah Yarde
	Junie Martin
	Nyasha Brackett-Thomas
	Patricia Rogers
	Eric Oduro
	Joanna Idun
	Ian Worsfold
	Zongikaya Zihle
Secretary	Robert Dixon
Charity number	1190847
Registered office	240 Lancaster Road London
	W11 4AH
Auditors	Banks & Co. Ltd
	1 Carnegie Road
	Newbury
	Berkshire RG14 5DJ
Solicitors	Colman Coyle LLP
	80 Upper Street
	London Ni ONU
Bankers	CAF BankLtd
	25 Kings Hill Avenue
	Kings Hill, Kent
	ME19 4)Q

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts[in] accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

With effect from 1 September 2024 the charity changed its name from Notting Hill Methodist Circuit to Notting Hill and Harlesden Methodist Circuit to reflect the recent changes resulting from the combination and integration of the administration of the Circuit formerly known as Harlesden Methodist Circuit and someof their assets with Notting Hill and Harlesden Methodist Circuit (Formerly Notting Hill Methodist Circuit).

Aims and organisation

The calling of the Methodist Churchis to respond to the gospel of God's love in Christ and to live outits discipleship in worship and mission. The Notting Hill and Harlesden Methodist Circuit seeks to enable

regularly worshipping congregations,
a fellowship of people learning and growing in Christian faith
sharing its resources (including the building) with people in the neighbourhood.
chailenging injustice and meeting human need.
speaking[of][God’s] love to the wider worid.

We thank God for all we have shared together in the year 2024/25 and look forward, in trust,[to][all] that the forthcoming year will bring.

Review of the year

A review of progress and achievements is set out in the annual report of Notting Hill Methodist Church by Revd Paul Wood, Superintendent Minister and Chair of Trustees of the Circuit since September 2024,

Finance

Basis of accounts preparation

The financial statements have been prepared under the Charities Act. 2011 in accordance with the 2014 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with FRS102 — the Charities SORP (FRS102).

Income trends

Circuit income is primarily drawn from the Circuit assessment on Notting Hill Methodist Church and Harlesden Methodist Church and net rental income from one of the manses. Total income amounted to £200,443 (2024 £219,874).

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill][Methodist] Circuit) Circuit no.35/14

TRUSTEES’ ANNUAL REPORT(Continued...) FOR THE YEAR ENDED 31 AUGUST 2025

Expenditure[trends]

The major costs are for stipend, other staff costs and related expenditure, including expenditure on the manses.[Total] expenditure[amounted][to] £247,308 (2024 £250,762).

Fund balances and reserves policy

Total reserves as at the balance sheet date totalled £3,359,159 (2024 £3,406,024).[The]

Circuit considers its unrestricted general reserves to be £76,039 (2024 - £94,584)[with] the balance £3,283,120 being a reserve[for] the manse properties.

The agreed reserves policy is to retain from the unrestricted reserves available the equivalent[of][three][months] operating expenditure (approximately £62,000)[to][fund] planned activities should[normal] earning[be] suspended.

The Circuit 's reserve policy takes account of its net current assets as at the[last][balance] sheet date, the budget for the current year (2025/26)[and] significantly[known][items][of] property expenditure to[be][incurred] in the near future. By 31 August 2026, the Circuit ‘s unrestricted reserves are expected to have continued to meet[its] reserves policy.

The policies adopted above broadly follow those detailed within the Notting[Hill][Methodist] Church, the only church[within] the[Circuit.]

Structure, Governance and Management

Legal framework

The governing documentfor the Circuit[is] the Deed[of][Union] (1932)[and][Methodist][Church]

Act (1976). Detailed governance arrangements are[outlined] within the Constitutional Practice and Discipline of the Methodist Church (CPD), by order of the[annual] Methodist Church Conference.

The of the Methodist Church are and shall be deemed to have[been] since the purposes Date of Union the advancement of:

The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
Any charitable purpose for the time being[of] any[Connexional,][District,][Circuit,][local] or other organisation of The Methodist Church;
Any charitable purpose[for] the time being[of] any society or[institution] subsidiary or ancillary to[The][Methodist] Church;
Any purpose for the time being[of] any charity being a charity subsidiary or[ancillary][to] The Methodist Church

Reference and administrative details

Nameofcharity: Notting Hill and Harlesden Methodist Circuit Charity registration number: 1190847 Date of registration: 14 August 2020

NOTTING HILL & HARLESDEN METHODIST CIRCUIT {Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

TRUSTEES’ ANNUAL REPORT (Continued...) FOR THE YEAR ENDED 31 AUGUST 2025

Governance

The membersof the Notting Hill and Harlesden Methodist Circuit meeting are the Charity Trustees, membership being made up of Circuit and Church office holders, the Ministers and upto eight representatives appointed by the Churches at their Annual Church Meeting.

A range of guidance produced by the Methodist Connexion to support the effective running of the Circuit and the role of Trusteesis given to the Circuit Trustees at various meetings

and training sessions held throughout the year.

A list of senior lay employees is shown below:

Ken Asiedu - Facilities Manager

Management

Day to day management of the Circuit is undertaken by the Circuit Leadership team along with the Minister.

Superintendent Minister: Revd Paul Wood

Senior Circuit Steward: Mr Bevan Powell

Kofi Baah acted as the principal officer overseeing the day to day financial management

and accounting for the Circuit during the year.

Public benefit

The trustees have due regard to the public benefit guidance published by the Charity Commission in compliance with its duties under section 4 of the Charities Act 2011. This guidance sets out two key principles:

The organisation must have an identifiable benefit.
The benefit must be to the public or a section of the public.

The Circuit exists alongside Notting Hill Methodist Church and Harlesden Methodist Church to:

increase awareness of 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 neighbour to people in need and challenge injustice.

The trustees consider that for these reasons the charity meets these public benefit requirements.

NOTTING HILL[&] HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill][Methodist][Circuit)] Circuit no.35/14

TRUSTEES’ ANNUAL[REPORT] (Continued...) FOR THE YEAR ENDED 31[AUGUST] 2025

Related parties

The Notting Hil! and Harlesden Methodist Circuit consists[of] two churches, Notting Hill Methodist Church and Harlesden[Methodist][Church.]

The Circuit receives annual assessments[from][the][churches.]

The Circuit itself is part of the[London] District[of][ the][Methodist][Church][and][also][accountable] to the Methodist[Conference.]

Risk management

The Trustees are responsible[for] identifying[and] mitigating the[level][of][risk][faced] by[the] charity, taking professional advice as required.[An] annual[review] process[is][undertaken,]

with documentation[of] the strategy to[be] employed forrisk mitigation. A quinquennial report[by][a][qualified] surveyor[was][undertaken] in 2020 to inform the Circuit’s plans for maintenanceof its manses, most[of][which][is] now complete.

Safeguarding

The Methodist Church, along[with] the[whole][Christian] community,[believes][each] person has a value and dignity[which] comes directly[from][God][‘s][creation][in][God][‘s][own][image] and likeness. Christians see this as fulfilled by[God’s][re-creation][of][us][in][Christ.][Among] other things, this implies a duty to[value][all] people as bearing[the][image][of][God][and] therefore to protect them[from][harm.]

Nothing Hill and Harlesden Methodist Circuit is committed to the safeguarding and protection[of][all][children,] young[people][and][adults] and affirms that the needs of children or of people[when] they are[vulnerable][and] at[risk][are][paramount.] Notting[Hill][and][Harlesden][Methodist][Circuit][recognises][that][it][has][a][particular][care][for][all] who are vulnerable[whether] as a result[of][disabilities] or[reduction][in][capacities][or][by][their] situation. It is recognised that[this][increased][vulnerability] may[be][temporary][or][permanent] and may be visible or invisible, but that it does not diminish our humanity[and] our[wish] to affirm the gifts and graces[of][all] God[‘s] people.

The Circuit ‘s policy addresses the safeguarding[of][children,] young[people][and][vulnerable] adults. It is[intended] to[be] a dynamic policy.[It][is][intended][to] support[the][Church] in[being] a safe supportive[and] caring community[for][children,] young[people,][vulnerable][adults,][for] survivors of abuse,[for] communities[and][for][those][affected][by][abuse.]

The circuit received a positive report[when][reviewed] by[the][District][Safeguarding][officer] and has acted on any recommendations[made.]

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

TRUSTEES’ ANNUAL REPORT (Continued...) FOR THE YEAR ENDED 31 AUGUST 2025

Circuit Meeting Members’ Responsibilities

The members of Circuit Meeting are responsible for preparing the annual report and

financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Legislation requires the Meeting members to prepare

financial statements for each financial year, which give a true and fair view ofthe Circuit’s state[of] affairs at the end of the and the result for the then ended. year, year

In preparing these financial statements, the Meeting members are required to: select suitable accounting policies and then apply them on a consistent basis;

make judgements and estimates that are prudent and reasonable; state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements; Prepare[accounts] on[a] going concern basis unless[it][is] not appropriate to presume that the church will continue in existence. The Meeting members are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Church. They are[also] responsible for safeguarding the assets of the Church and for taking reasonable steps[for] the prevention and detection of fraud and other irregularities. Approved by the Circuit Meeting on 2-€/24/26 and signed on their behalf by: Dee

Revd DP ood Chair ofFethe Circuit meeting /Chair of Trustees ahs

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF NOTTING HILL & HARLESDEN METHODIST CIRCUIT

Opinion

We have audited the financial statements of Notting Hill & Harlesden Methodist Circuit (the ‘charity’)[for] the year[ended][31] August[2025][which] comprise[a][statement] of[financial] activity, balance sheet and notes to the financial statements, including significant accounting policies. The[financial] reporting framework that has[been] applied[in] their preparation is applicable law and United Kingdom Accounting Standards, including[Financial] Reporting Standard 102[The][Financial] Reporting Standard applicable[in][the][UK][and][Re-] public[of] Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

e give a true[and] fair view[of] the state[of][the] charity's[affairs] as at[31] August 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
¢ have been properly prepared[in] accordance[with][United] Kingdom Generally Accepted Accounting Practice;[and]
e have been prepared[in] accordance with the requirements[of] the Charities[Act] 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable[law.] Our responsibilities under those standards are further[described]

in the auditor responsibilities for the audit of the financial statements section of our report.

We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements[in] the UK, including the[FRC’s] Ethical Standard,[and] we[have] fulfilled our other[ethical] responsibilities[in][accordance][with] these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide[a][basis][for] our opinion.

Other matter

The corresponding figures for 31 August 2024 are unaudited.[We] have not audited the

financial statements for 31 August 2024 and, accordingly, we do not express an opinion on them.

Conclusion relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis[of] accounting[in] the preparation[of] the[financial] statements[is] appropriate.

Based on the work we[have] performed, we have not identified any material uncertainties relating to events or[conditions] that, individually or collectively, may cast significant[doubt] on the charity's ability to continue as a going concern for a period[of] at least[twelve] months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described[in] the relevant sections[of] this report.

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Continued...)

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible[for] the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance con-

clusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained[in] the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whetherthis gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we-conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which[we] are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

e the information given in the financial statements is inconsistent in any material respect[with] the trustees’ report; or
e the charity has not kept adequate accounting records; or
e the financial statements are not in agreement with the accounting records and returns; or
e we[have] not received[all] the information and explanations we require for our audit.

Responsibilities[of] trustees

As explained more fully in the trustees’ responsibilities statement set out on page 6, the trustees are responsible for the preparation of the financial statements and for being

satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from

material misstatement, whether due to fraud or error,

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either

intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

NOTTING HILL & HARLESDEN METHODIST CIRCUIT {Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Continued...)

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report

in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from material misstatement, whether due to fraud or error, and to

issue an auditor’s report that includes our opinion. Reasonable assuranceis a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK)

will always detect a material misstatement whenit exists. Misstatements can arise from

fraud or error and are considered material if, individually or in the aggregate, they could reasonably[be] expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design proceduresin line with our responsibilities, outlined above, to detect material misstatements in respectof irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

¢ Enquiry of Trustees and those charged with governance around actual and potential litigation claims;
e Enquiry of Trustees in compliance functions to identify any instances of hon- compliance with laws and regulations;
© Reviewing[financial] statements disclosure and testing to supporting documentation to assess compliance with applicable laws and regulations;
e Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in thefinancial statements, as we will be less likely to become awareof instances of non- compliance.[The] risk is also greater regarding irregularities occurring due to fraud rather than error, as[fraud][involves] intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify[and] assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. Therisk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

NOTTING HILL & HARLESDEN METHODIST CIRCUIT {Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Continued...)

© Obtain an understanding ofinternal control relevantto the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity’s internal control.
e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
¢ Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity’s ability[to.] continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or,if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date[of] our auditor's report. However, future events or conditions may. cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whetherthe financial statements represent the underlying transactions and events in a manner that achieves fair presentation (i.e. gives a true andfair view).

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4

of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them[in] an auditor’s report and for no other purpose. To thefullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity

and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. Ea ho

Banks & Co Limited, Statutory Auditor Chartered Certified Accountants 1 Carnegie Road Newbury Berkshire RG14 5DI

le[e[][20%]

Banks & Co Limitedis eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies[Act] 2006.

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill][Methodist][Circuit)] Circuit no.35/14

STATEMENT OF FINANCIAL ACTIVITIES (SOFA) FOR THE YEAR ENDED[3157][AUGUST] 2025

		2025	2024
			Combined,
			Restated &
			unaudited
			Note 13
	Notes	£	£
Income
Income from DMHArentals	2	44,994	50,501
Assessments on Churches	3	129,406	169,350
Other income		26,043	23
Total Income		200,443	219,874
Expenditure
Salaries and associated costs	4	105,626	113,357
Property maintenance		53,980	56,253
Major Works
District Assessment & Levy		37,252	26,812
Depreciation	5	28,320	28,320
Office expenses		16,809	22,018
Other outgoings		5,321	4,002
Total charitable expenditure		247,308	250,762
Net Surplus/ (deficit)		(46,865)	(30,888)
Total funds brought forward		3,406,024	3,436,912
Total funds carried forward		3,359,159	3,406,024

The income and expenditure statement have been prepared on the basis that all operations are continuing operations.

There are no recognised gains[and] losses[other][than][those] passing[through][the][income] and expenditure statement.

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

BALANCE SHEET AS AT 3157 AUGUST 2025

----- Start of picture text -----
2025 2024
Combined,
Restated &
unaudited
Note 14
Notes £ £E
Fixed Assets
Circuit Manse and equipment 5 3,283,120 3,311,440
Current Assets
Debtors 6 101,636 84,794
Cash at bank 4,135 52,602
105,771 137,396
Less Creditors: amounts due within one
falling
year
Creditors 7 29,732 42,812
Total Current Assets Less Current
Liabilities 76,039 94,584
Total assets less Current Liabilities 3,359,159 3,406,024
Funds
General fund 3,359,159 3,406,024
----- End of picture text -----

The financial statements were approved and authorised for issue by the Trustees meeting.

----- Start of picture text -----
Trustees
wenaKhe aati Secretary Date BETE
me
----- End of picture text -----

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. Accounting Policies

a) Basis for preparing the financial statements

The financial statements of the Circuit, which is a public benefit entity, as defined by FRS102, have been prepared[in] accordance with the Charities[SORP] (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts[in] accordance[with] the[Financial] Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)' and the Charities Act 2011.

The financial statements have been prepared under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies[below] or[in] the notes to the[financial] statements.

b) Statutory information

With effect from 1 September 2024 the charity changed its name from Notting Hill Methodist Circuit to Notting Hill and Harlesden Methodist Circuit to reflect the recent changes resulting from the combination and integration of the administration of the Circuit formerly known as Harlesden Methodist Circuit and someof their assets with Notting Hill and Harlesden Methodist Circuit (Formerly Notting Hill Methodist Circuit).

Notting[Hill] and Harlesden Methodist Circuit (Formerly Notting Hill Methodist Circuit) is a charitable organisation, registered in England and Wales. The Circuit's registered charity number is 1190847. Its registered office and place of activity is 240 Lancaster Road, London, W11[4AH.]

The presentation currency of the financial statements is the GB Pound (£).

c) Merger accounting

The Merger of Notting Hill and Harlesden Methodist Circuit (Formerly Notting Hill Methodist Circuit) (registered number 1190847) and Harlesden Methodist Circuit (unregistered) has been accounted for under the merger accounting rules as allowed by FRS 102 and the SORP.

d) Going concern

The Trustees consider that there are no material uncertainties about the entity's ability to continue as a going concern.

e) Key assumptions

There were no significant areas of adjustment or key assumptions that effect items in the accounts.

NOTTING HILL & HARLESDEN METHODIST CIRCUIT {Formerly Notting Hill Methodist Circuit) Circuit no.35/14

NOTES TO THE FINANCIAL STATEMENTS (Continued...) YEAR ENDED 31 AUGUST 2025

f) Funds

The funds held constitute general funds held for any purpose of the Circuit, which are unrestricted.

g) Incoming resources

Incoming resources are included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to that income, and the trustees are reasonably certain they will

receive the resources, and the amount can be quantified with reasonable accuracy.

h) Resources expended

Expenditure is recognised on an accruals basis when a liability is incurred or a constructive obligation arises that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources.

i) Taxation

Notting[Hill] Methodist Circuit is exempt from income and corporation tax on income derived from its charitable activities because ofits charitable status.

toSincewhichtheitCircuitrefers. is not VAT registered, all input VAT borne is charged with the expenses

j) Tangible fixed assets

The manses are legally owned by The Trustees for Methodist Church Purposes in its capacity as trustee or custodian Trustee

The manses have, from the accounting year 2016/17, been stated based on their insurance valuations in 2017. These now represent their deemed cost under FRS 102. The building element of this for depreciation purposes is deemed to be 40%ofthe full value, given the high land costs in Kensington and Chelsea.

k) Depreciation

It is the Circuit's policy to capitalise its non-building fixed assets, including vehicles, furniture and equipment assets, with costs over £5,000 and to charge depreciation on these.

Depreciation is charged as follows, on a straight-line basis, on building and non-building fixed assets:

Buildings over[50] years

Vehicles, furniture and equipment assets over[4] years Computers and IT equipment over[3] years

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

NOTES TO THE FINANCIAL STATEMENTS(Continued...) YEAR ENDED 31 AUGUST 2025

1) Financial Instruments

Financial Assets carried at amortised cost

Financial assets comprise other debtors and cash at bank. Where the effect[of] discounting

is material, financial assets are measured at amortised cost using the effective interest method.

A financial asset is derecognised when the contractual rights to the cash flows expire, or

when the financial asset and all substantial risks and reward are transferred.

Financial liabilities carried at amortised cost

Financial liabilities include other creditors and accruals.

Liabilities which are classed as basic financial instruments are measured at amortised cost.

A financial liability is derecognised only when the contractual obligation[is] extinguished, that is,[when] the obligation[is] discharged,[cancelled] or expires.

2. Income from DMHArentals

The Circuit leases its residential properties to Denbigh Methodist Housing Association (DMHA) to manage, with the expectation that for most of the properties social housing rent levels[will][be] charged. The Circuit[is] required to charge a market[rental] under the[7-] year[lease][to] DMHA. The rental is based on the market rents established in 2018 of the properties,[less] an[allowance] for[all] the costs[of] management[and][maintenance][other][than] major[works][and] uplifted[for][inflation.][The][Circuit][income][from][this] source[is][related][to][the] properties[detailed][in] note[5][below.]

3. Assessments on Churches

The income of £129,406 (2024 £169,350) is from the charge borne by Notting Hill Methodist Church and Harlesden Methodist Church for ministry and manse expenses paid by the Circuit.

4. Stipends, salaries and associated costs

4. Stipends, salaries and associated costs
Minister and staff costs recharged to the Notting Hill	Methodist & Harlesden Circuit by the
Notting Hill Methodist Church during the year were £105,626 as set out below. 2025		2024
		Combined,
		restated &
		unaudited
	£	—
Gross Stipends, salaries and benefits in kind	82,8514	96,892
Employer's National Insurance	9,307	6,174
Employer's pension costs	13,468	10,291
	105,626	113,357
	————_———

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

NOTES TO THE FINANCIAL STATEMENTS(Continued...) YEAR ENDED 31 AUGUST 2025

The average numberof staff employed by the Church and Circuit during the year were 2.6 (full time equivalents) (2024 - 2.6).

The Church provides and administers a money purchase pension arrangement for all staff with TPT Retirement Solutions.

No Trustees are remunerated through the payroll scheme. No employeesare paid in excess

of £60,000.

5. Tangible Fixed Assets

There are three manses included within the Circuit in St Quintin Avenue, Denbigh Road and Phillimore Gardens. These have a declared insurance value of £3,406,756. The St Quintin Avenue manse and the basement flat of the 9 Denbigh Road manse are managed by Denbigh Methodist Housing Association on behalf of the Circuit. The rest of the Denbigh

Road manse is occupied by the Superintendent Minister of Notting Hill Methodist Church.

Phillimore Gardens manse is occupied by the Superintendent Minister of Harlesden Methodist Church.

Depreciation is shown in the Schedule below, charged on. building and non-building fixed assets at the rates shown under Circuit Accounting Policies above.

			Fixtures
			Fittings and
Tangible Fixed Assets		Manses	equipment	Total
		£	E	£
Cost brought forward
at 1 September 2024 and carried	forward
at 31 August 2025		3,538,000	-	3,538,000
Depreciation brought forward
at 1 September 2024	,	226,560	‘	226,560
Depreciation charge for the year		28,320	-	28,320
Depreciation carried forward
at 31 August 2025		254,880	-	254,880
Net book value brought forward		3,311,440	7	3,311,440
Net book value carried forward		3,283,120	=	3,283,120

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

NOTES TO THE FINANCIAL STATEMENTS (Continued...) YEAR ENDED 31 AUGUST 2025

6. Debtors

	2025	2024
		Combined, restated &
		unaudited
	£	£
Amounts due from:
Harlesden Methodist Church	55,990	44,490
Notting Hill Methodist Church	17,684	14,987
Denbigh Methodist Housing Association	27,962	25,317
	101,636	84,794
7. Creditors
	2025	2024
		Combined, restated &
		unaudited
	£	£
Accruals	2,732	2,812
District	27,000	40,000
Notting Hill Methodist Church	-	-
	29,732	42,812

7. Creditors

8. Fees for the audit of the accounts

The independent auditors’ fee payable by Notting Hill Methodist Circuit is £3,620 (2024 - £3,620).

9. Related party transactions

During the year one Trustee was reimbursed a total of £2,488 (2024 - £5,949) by the Notting Hill Methodist Church on behalf of both the Notting Hill & Harlesden Methodist Circuit and Notting Hill Methodist Church.

The following trustee had a related interest during the year: Revd. Paul Wood occupied oneof the Circuit’s manses since September 2023.

No other trustee had a related interest during the year

10.Capital commitments and Contingent liabilities

The Circuit had no capital commitments or contingent liabilities at the year end.

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

NOTES TO THE FINANCIAL STATEMENTS(Continued...) YEAR ENDED 31 AUGUST 2025

11.Charity Merger

On i September 2024 Harlesden Methodist Circuit (not registered) merged with Notting

Hill and Harlesden Methodist Circuit (Formerly Notting Hill Methodist Circuit) (registered number 1190847).

12.Restated component charity

To ensure comparability within the financial statements, the 2024 financial statements for Harlesden Methodist Circuit have been restated:

Harlesden Methodist Circuit restated Statement of Financia! Position

			Harlesden
	Harlesden		Methodist
	Methodist Circuit £	Adjustments made £	Circuit (Restated) é
Income
Assessments on Churches	93,817	:	93,817
Total Income	93,817	7	93,817
Expenditure
Salaries. and associated costs	35,976	-	35,976
Property maintenance	6,100	41,899	47,999
District Assessment & Levy	14,784	-	14,784
Depreciation	~	14,000	14,000
Office expenses	1,427	-	1,427
Total charitable expenditure	58,287	55,899	114,186
Net surplus/ (deficit)	35,530	(55,899)	(20,369)
Other gains/(losses)	50,000	(50,000)	-
Net movementin funds	85,530	(105,899)	(20,369)
Total funds brought forward	1,399,980	271,490	1,671,470
Total funds carried forward	“4,485,510	165,591	1,651,101

NOTTING HILL[&] HARLESDEN[METHODIST][CIRCUIT] (Formerly Notting[Hill][Methodist][Circuit)] Circuit no.35/14

NOTES TO THE FINANCIAL[STATEMENTS] (Continued...) YEAR ENDED 31 AUGUST 2025

Harlesden Methodist Circuit restated[Balance][Sheet]

Harlesden Methodist Circuit restate	d Balance Shee	t
	Harlesden		Harlesden
	Methodist Circuit	Adjustments made	Methodist Circuit
			(Restated)
	£	£	£
Fixed Assets
Circuit Manse and equipment	1,450,000	188,000	1,638,000
Current Assets
Debtors	-	44,490	44,490
Cash at bank	35,510	=	35,510
	35,510	44,490	80,000
Less Creditors: amounts falling due within
one year
Creditors	é	66,899	66,899
Total Current Assets Less Current
Liabilities	35,510	(22,409)	(13,101)
Total assets less Current Liabilities	1,485,510	165,591	1,651,101
Funds
General fund	1,485,510	165,591	1,651,101

NOTTING HILL & HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

NOTES TO THE FINANCIAL STATEMENTS(Continued...) YEAR ENDED 31 AUGUST 2025

13.Analysis of principal SoFA components for the previous reporting period

13.Analysis	of principal SoFA c	omponentsforthe	previous reportin	g period
			Harlesden
			Methodist	Combined
		Notting Hill Methodist Circuit	Circuit (Restated)	Total
			Note 12
		£	£	£
Income
Income from	DMHArentals	50,501	-	30,501
Assessments	on Churches	75,533	93,817	169,350
other income		23	=	23
Total Income		126,057	93,817	219,874
Expenditure
Salaries and	associated costs	77,381	35,976	113,357
Property maintenance		8,254	47,999	56,253
Major Works		-	-	?
District Assessment & Levy		12,028	14,784	26,812
Depreciation		14,320	14,000	28,320
Office expenses		20,591	1,427	22,018
Other outgoings		4,002	-	4,002
Total charitable expenditure		136,576	114,186	250,762
Net surplus/	(deficit)	(10,519)	(20,369)	(30,888)
Total funds brought forward		1,765,442	1,671,470	3,436,912
Total funds carried forward		1,754,923	1,651,101	3,406,024

NOTTING HILL[&] HARLESDEN METHODIST CIRCUIT (Formerly Notting[Hill] Methodist Circuit) Circuit no.35/14

NOTES TO THE FINANCIAL STATEMENTS(Continued...) YEAR ENDED 31 AUGUST 2025

14.Analysis of net assets at[1] September 2024 (the date of the merger)

14.Analysis of	net assets at 1 Septe	mber 2024 (the	date ofthe me	rger)
		Notting Hill	Harlesden
		Methodist	Methodist
		Circuit	Circuit	Combined
				Total
			(Restated)
			Note 12
		E	E	£E
Fixed Assets
Circuit Manse and equipment		1,673,440	1,638,000	3,311,440
Current Assets
Debtors		67,203	44,490	111,693
Cash at bank		17,092	35,510	52,602
		84,295	80,000	164,295
Less Creditors:	amounts falling due
within one year
Creditors		2,812	66,899	69,711
Total Current Assets Less Current
Liabilities		81,483	13,101	94,584
Total assets less Current Liabili-
ties		1,754,923	1,651,101	3,406,024
Funds
General fund		1,754,923	1,651,101	3,406,024