CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the perlod From.. 1 September 2024 To: 31 August 2025 Charity name: Grange Methodlst Church Charity registration number: 1198002 Objectives and Activities SORP refuele Summary of the purFoses of the charity as sel oul in its goveming document Pwa 1.17 The govemin9 document is Constitution81 Prdctice and Discipline of the Melhodist ChUh (CPD) s.. h s.11w metrodist.o .ukrtor- churches., ovemancel dl The purposes of the Methodist Church are and shall be deemed to have been since the date of union th8 advancemenl of a)the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, b) any charitable purpose for the lime being of any Connexional, distnct. circuil, local or other organisation of the Methodist Church., c} any chantable purpose for the time b8iro of any society or institution subsidiary or ancillary to the Methcrfjisl Church., d) any purpose for the ts'me being of any charily being a charity subsidiary to Ihe Metht)dist Church. We believe we are called to b8 a church vthere People of all ages and backgrounds are supported in.. loving and serving God., loving and serving our neighb)urs, l)oth local and gfobal growng and sharing faith We offer Methodist Christian worship, fellowship, service of our community and outr8ach, in GrarvJewover-Sands, Cumbria and beyond. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or servic8S identrfied in the acCnts. P1 17•ry1 1.19 Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 This guidance has been provided to the trustees. Additlonal infonnation (optionall You ma choose to indude further statements Wre re5evant about.. SORP referee Polic on rant makin Para 1.38
Policy on social inv8strnent induding program related investment Par• 1_36 Contribution made by volunteers Pgra 1.38 Achlevements and Perfomiance SQRP r•lw•K• P•r• 120 Sumrnary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstsns of its beneliciaries and any wider benefits to society as whole. Main achievements of 2024-5: . We hosted the Methodist P8ace banners in April 2025, offenng local people th6 chance to refled on peace issues. . We organised an int8ractiv8 exhibition, "Joumey with the Holy Spirit. in May and June 2025, which offered reflection opportunits'es to school groups and visitors . We hosted Grange Library on our premises May-July 2025 véhilst their building was being refurbished, enabling a much-valued community seNice to continue throughout. . We fun a weekly temi-ts'me group, 'Toast Church.. for children and families, with an away kend in April 2025. . Our weekly ¢)Jmmunity coffee moming is attended by a wide range of local 0p18, many of thom live alone. We are recognised by other community groups as valuabl8 fowm for meeting Yl the local community. This also attracts those who are visiting our town. In February 2025 we hosted an 13nlino Safety event at the coffee moming. bringiNJ together Fibrus, Grange Primary School and the Police. . Monthly Repair Cafe continued, staffed by volunteers from the Church, Peninsula Environmental Action Together IPEAn and the Grange Shed Its aims are to stop broken items ting sent to landfill, to teach repair skn'lls and to provide a y1¢OMIng space to meet friends thilst items are being repaired. Repair Cafè is an inlemal organisation of the church. managed by committee wth representabves from the above organisats'ons. . The churth nots boards continued to b8 an important communication channel, both to hall users and outshJe the church. Because of the church's location on a main sh street, the are fre nti read b
passers-by. * The Churth C(MJnal approved a budget for charitable giving of £2.750, shad beeen Methodist charitable fuTrJs. affiliated charities and tocal e1MeniCal groups. Collects'ons were also made for other charitable organisations, induding Christian Aid. Acbon for Children and All We Can, raising £2,509.17. Regular donations of food and toiletries Yre collected for the Barrow Foc(Ibank, and sho8boxes were sent via Intemational Aid for Christmas 2024. Fundraising continued for the church's 'Open for Communty" building redevelopment project. . Church-run Baby Group has continued weekly Pe¢)ple move on as they go back to work, our provision is very much appreciatsd and we do get retum visits when mum$ ar8 fr8e again. The group are very supportive of one other and exchange local, practical advice. The increasing trend for the grandparent generation Ing responsible for childcare and attending Baby Group has conts'nued. . Working with the Cartm81 Peninsula Churches Together Youth Trust, we supported a fortnighlly youth group (to ba weekly from September 2025) for school years 7, 8 and 9. Members of our church are regular volunteer leaders at the group. One of our members serves as a tru$t8e of the Youth Trust. whid) also which vn)rks in local primary schools and the area's secondary school. . Grange Methodist Church provided leadership to Cartmel Peninsula Churches Together, crjntinuing to188d monthly vthship in local care homes. whith is much appreciated by residents, staff and visitors. . Safeguar(ling and Equality, Diversity and Inclusion training vms undertaken by those with positions of responsibility in the Church. We r8gard it as a key calling of the church to treat everyfx)dy fairly and with respect. Additional Inforniation {optional) You ma choose to indude further statements where revant about." Achievements against Pwa 1.41 objectives set Perf0mnCe of fundraising activities against objectives $8t Pwa 1.41 Investment perfomian¢e against objectives Paro 1.41
Other Financial Review Review of the charity's financial position at Ihe erKI ofthe nod Statement explaining the policy for holding reserves statin are held Amount of reserves held Par• 1.21 See attached Statement of Financial Adivities and Balan Sheet for the year endin 31'A ust 2025. See attathed Reserves Policy. Para 1 22 Par• 1 22 General Funds- £32,372 Restricted Funds - £429,062 NIA Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncArtainti8s about the charity continuing as a going concem Para 1.22 Pwa 1.24 NIA P¥a 1.23 NIA Addltlonal infomatlon {optlonal) You ma choose to include further statements where relevant about.. The charity's principal P•r• 1.47 sources of funds (indudiNJ any fundraising) Investment policy and objectsv8s including any soaal investment policy adopted Pw• 1.48 A descnption of the prinapal risks faang the charity Parn 1.46 Other Structure, Governance and Management Description of cttanty's trusls.. Type of govemng document trust deed, ro al charter How is the charity constituted? (8.g. unincorporated association, CIO Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entiued to appoint one or more tNstees Not applic2bl8. Parn 1.25 The deed of Union11932) and Methodist Church Act 1976 The 1976 Methodist Church A# authorises the Methodist Conference as the goveming body. P¥• 1.25 Pm 1.25 Trustees are appointed by the Church Council aco)rding to standard Methodist procedures. The only Trustees not appointed in this vY are the Chair (the Minister) and the Circuit Superintendent minister, who are appointed by the Conference of the Methodist Church, and on8 Circuit Steward, who is selected b the Circuit.
Additlonal infonnation (optional) You ma choose to indude further ststements vthe relevant ab)ut: Policies and ProdureS P** 1.51 adoptsd for the induction and training of trustees The charity's organisational structure and any wider n8rk with which the charity works P¥a 1.51 Grange Methodist Chuth is an independent charity bul is part of the South Lakas Circuit of the Methodist Church within the Methodist Church of Britain connexn. Relationship with any related parties Par• 1.51 Other Reference and Adminlstratlve detslls Charity name Grange Methodist Church Other name the chanty uses Not applicable. Regislered charity number 1198002 Charity's principal address Grange Methodist Church Kents Bank Road GRANGE-OVER-S4NDS LA117EY
Names of the charity trustees who manage the charlty Nam• of per•on lor body} entltled to appolnt trustee If4n Metht)di$t Conferenc TN•tee nam• ciirKe Ilf *nyl if not for whole Rev Joanna Ruth Rand Chair 11912024- 3117r2025 11812025 onwards Rev Hayley Lisa Edmondsc Chair Methodist Conference Rev Grace Caukhvell Andrew Robert Lockley Ursula Katharine Lockley Rev Susan Margaret Nicol Rev David William Edmondson Circuit Superintendent Trustee Methodist Conference Church Council Church Council Church Council Church Council Trustee Trustee Trustee Hazel Mary Edmondson Peter John McPherson Nicot Gillian Mary da Bourcier Trustee Trustee Church Council Chufch Council Circuit Meeting (South Lakes Methodist Circuit) Church Council Church Council 10 Trusie8 Ruth Marion Briddock Barbara Leader Trustee Trustee Trustee 12 13 Ruth Webster Hilda Margaret Alice Gardner Carol Lamb Paul Rand Church Council Church Council Church Council Church Council 14 Trustee 15 18 Trustee Trustee 11912024- 31 ITf2025 17 Glenda Clark Judith Mary Sharples Keith Upton Janet Upt Trustee Church Council Church Council ChurGh Council Church Council 18 Trustee Trustee 19 20 Trustee orate trustees- names of the directors at the date th8 Dlrector n•me rtwasa roved NIA Name of trustees holding title to property belonging to the tharity Tru•tsè name Trustees for Methodist Church Pu Dat•• xted if nat for whol• ses
Funds held as custodian trustees on behalf of others Description of the assets held in this capactty Name arKI objects of the charity on whose behaw the assets a held and how this falls within the custodian charrty's objects Detsils of arrangements for safe custody and segregation of such assets from the charity's own assets Additional inforniatlon loptlonal) Names and addresses of adviser51Optional Infornlatlon) Type of Name Address adviser Name of chief oxecutlve or names of senior staff members (Optlonal Informatlonl Exemptlons from disclosure Reason for noTrdisdosure of ke fsonnel detsils Other o lonal Information
Declaratlons The trustees declare that they have approved the trustees. report above. Slgned on behalf of the charity'$ trustees Signature(s) Full name(s) Position le.g. Secretaryj Chair, etcl Hazel Edmondson Keith Upton S8cretary TaSurer Date M(krcl to 'L
Name of Church: Grange Methodist Ctwrch Circuit No. 9114 Declarations and Scrutiny I confirm that these accnRls-based accounts for the year to 31 August 2025 have been prepared from the records of the Church and that they indude all funds under the control of the Church twstees. Signature of treasurer............... ...... Name and addres8 of treasUr Keth Upton Grange Methodist Church, Kents Bank Road. Grange-over-sartds. LA117EY. Pr080ntation to the Chur¢h InMtee8 I confimi that the annual report and accounts for the year end presented to the meeting of the Church trustees held on . 31 August 2025 wereknilFbfr' •) Signature of theChairOftneting:.............................................................................. Name ofthe Chairofthe meeting: ................................................... Date. (331012rf26 Independent Examiner's Report to the Trustees of the Charity Numhr ....11.q%fK)J R•8pon8lbllltl•s and ba818 of rnport Church for the year ended 31 August 2025 Set out on pages . to .1.. As the Church's trustees, you are responsible for the preparalion of the accounts in a(rdance with the requirernents of the Charities Act 2011 (Ihe Act.). I report in respect of my examinalion of the Churd)'s ac(x)unts carried out under section 145 of the Act and, in carying out my examination. I have followed all the applicable Directions given by the Charrty Commission under section 145(5)(b) of the Act. ' delete or cirde as appropriate
Name of Church............ .. Indayndent Examln•rfs Statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination that in, any material respect: which give me cause to believe the accounting records were not kept in accordan with section 130 of ts Act: or the accounts do not accord with the accounts'ng records: or the accounts do not comply with the applicable requirernents conceming the form arKI content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ttrue and fairf view. which is not a matter considered as part of an independent examination the tnjstses, annual report is rM)t consislent the accounts I have no conM$ and have c(xne across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I havelka¥llat" obtained indeperKlent verification of all inveslments with the Trustees for Methodist Church Purposes or held in other trusts, bank balanS and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10.000 (ten thousand pounds) at the balance sheet date. Signalure of independent examiner Name of independent examiner ......o,.l.S& ( ( .L o Relevant professional qualification of independent examiner Name of fimi (where appropriate) 8oLto._ Post Code LAr Date . delete or orcle as appropriate
Name of Church 9114 I19p Ch•ty Re8atIOn No Statomont of Financlal Athibes (SOFA) for tha year ended 31 August 2025 Incom• 1 Offpriffj8 1241 .816 %1571 a1797 68.057 3 Gfftaid 271 271 8 Total IMxn• Expendilur• 63013 211029 66.538 101.220 2,79) 2.941 17 1941 21 157,524 10 3,7n 11139$ 17 Tol•l charfkntsl• •xp*Mkn 167A4J 214161 22 ga¥wJ(k4se8) 24 Total funds twought fcrfwanl 23,3n 445.277 oflerin/GIfts. rKelved fof External Or OlfwiwlGIfts. to Extwnal nisatlons 2509.17 29)9.17 (i)
Name of Church 9114 1198(K12 Statement of Flnanclal Activlti98 ISOFA) for tho yoar ended 31 August 2024 G•1 Fund Fwd• R•8bl¢tsd End(Y•ffl•nl Totsl Incoftie .11 2 th)natioM 3 Giftad 8.842 16.248 17.298 11.248 14.278 218244 8 Tot•1 Incom• Expendllurn 338.982 17 1750 4,167 7.983 374 74441 10 3.182 71.2 161rt8mal orgonffjaly 75A78 18 Gn{k$) inyp8tnwts 3,212 22 Ofvr 109Se8I 103.212 242,L 24Totsl fund5 brn forward %14,378 23,377 489,821 OllerinGrfts. recer¥ed for Exiernal Or Off fts- to External nisatlons nlsatlor 3601.54 3601.54 (i)
olchu Clvcult Mwpb•r W14 Balance She•t as at 31 August 2025 Fw 175.C 175.r¥)o 175.r lTh(WJ 17fj.• 12 11796 30.402. 17.087 13 16.282 5.237 373Jfj 10.853 454.181 T.253 475.Btst 13 20111 •1.747A 14 2tr2$2¢ ZA•40 due•fter mweth•n w• LLW•t) trChuw 150.rKJ •4• 211rJ2 23.84 2Q3.709 rts.377 23.1 Sgn&J Keith Upton Church Treasurer
Grange Methodlst Churth (Registered Charlty No. 11981x12) Notes to the accounts for year ending 31st August 2025 These ¥¢ounts have been prepartd under the histor co# ¢¢nvenkn wlth ItenLS rec(enlsed at C05t or transartlon value unless otheTh¥lse stated in the relevant Th)telsl to these accounts. The finandal statements ha¥e been prepared in Kcordance wlth the Charities Ststement of Reccrfnmended P(the120191, the Financial Reporting Standard applicable In the United Kingdom aid Republi¢ of Ireland IFRS 1021 Jnd the Charities Act 2011. The accrua15 basbs has been used and trustees present xcounts that show a true and fair view of the thurth'$ flnadal p(6itkni and acts¥ite Gran8e Methodist Churth meets the definltkn of a publlc benefft eAtIty under FRS 102. 111. GOI• conc•rn Based on the monetary assets and human reScrceS tr4ilable at 31 Au8USt 2025. the trustees bell that the thurch Is a 80in8 for the foreseeable fvttffe. l¥. The flnancial informatkn wesented is relevrt rellable. cornpxable and ¢¢thplete. Where estlmates are used. these a bosed on exPerIee. research and IuLemenL The we expressed In £SterNtVd. Income Is brov8ht into the ac¢(wnts when there ts entldem¢ni and the amouni Is relb•bty measurable once tt b5 more Ilkely than not that the economic benefit of the income will be forthcomlNd. This Is re¢¢8t)Ised when a Ilabllity Is Irtcurred. or a constrtiVe obll8akn arises. where the am¢)unt is rellabty measurable. and it is ¢ongdered more likely than not that there will be an outftow of economlc benefit. ¥4. Gr¥nis Grants made by the Churth from fts own fvnds are recognlsed In full at the tlme of the aBreement to fflake Brarrt without perfom)ance condltions. or as and when the Church accepts that thwe Is a le8 or operatlonal ob1W to make the payment rf It is wbiettto performance conditlons. When the 8rant to be ac¢rued1s recurrent over more than one year. the balance payab in future year5 is treated as a pT¢)vision for hJtUTe commitments in the balance sheet 48ainstthe appropriate fund. the p51 beln8 released In fuiure year5 In accordance wlth ihe tylglnalty agreed tem1> ¥III. VAT Slnce the Churth 15 notVAT re8iStered. am inpul VAT)5tharged wlth the eypenstt to whkh ft referk IL Twllble tlxed ¥sS•ts These are cataIlsed If they can be {ed for mwe one yew. and indparydualty c4>5t at least £5,LJX). The fvnds held ¢onsthute: General Funds held for any purpc6e of the thurch which are unreStri¢d. Restrlcted funds are held for narrcvwer purpose. t)etsils of eh material fund are disclosed in note 13 of these accounts. Any fund5 may be represented by more than Iu5t cash. The charSty opted to adLVt Bulletln I published on 2 February 2016 and have ts*refLYe not Induded a ¢ash flow (v)
10 trustees were reimbersed a trtal of £1,671 for thurth reed expendtture from third partie5 inclwlir thurth flower5. wvlsiorts, deaniThd materials. card mathine Subscripts1. music licence. recwdltloned computer and 8reetir45 ¢ard5 for fvndrn$i. P40 trustees were paid for thew lime. Regulaf OfferI$fOr the chUh received Standi order. In the offeri plate by cash or cheque. and by Cafd •t thurch serv1$ via CollecTln donatlons system. neral Fun unr 20 4-25 20 In Memoriam 2OJ.tJ) Donatknsfrom Church Groups (Baby Gr(p. Men's Breakfast etc.) Flower Fund donatkn Donakns at Aepalr Café 434.94 439.85 108.00 131.CKJ 697.92 679.64 1,240.86 1,450.49 lo Oonations for bU51d1 rede¥ekwment work In Memorlam dallOr6 fty tlId1 redeve¢ T• 66316.28 37,079.82 274.50 66.816.28 37J54.32 3 Qfft Ald.. Tax reclalmed from HMRC on gfft4lded offerlrys and thr the Gfft Ald Small Oty131ions Scheme IGASOSI on anonymous cash and contactless card offerin85 and donatlons of £30 or under. indudes interest payment from HMRC. 8.635.67 8N56.44 8.635.67 8.456.44 24- Tax redaimed from HMRC on Bfft-aided donati$ and through the Gfft Small Don•iion5 S¢heme IGASDSI on anonym(yJs cash and contactless card donatlons of £30 ow der, Indudes Interest payment from HMAC. 20.SYO.93 8,842.04 20.570.93 842.04 24-25 General Fund lunrestrlctedl HMRC laie payment of 8ift ald 93.41 93.41 Development fvnd Ire5trktedl HMRC late payment of gfft ald Inte51 from CFB Deposit Fund. Interest is treated a5 restrirted since It edomlnantly interest on lunds received for the building redevelopment proiecL 52.1 20.744.48 16,247.55 20.796.58 16.247.55 (f)
neral F 4-2 Coffee mwnlttgs Re¢ets from Churth E¥ents le& Atay Dav) Lettlngs Re¢elpts from Weddmgs & Ftra aergy Jo Rand lea¥ing and EdmondTh lE?l Mixellaneous 3.496A) 3,[.56 14.426.Ql io,w. I,wJ. 20.505.65 14,278.44 D¢sl8nated Funds lunrestrkted) Meth(15t Churth Penslon RVr¥e5 Fund. return of d(yhatiM fflt in 2021 20 271.40 271.40 ntFu ent work 24- Fundra$ and glft dav Grants toward5 bulldlTha redevelopment Projec 1nterest.free loans fr¢yn dburth members (see 151 24.935.90 I8.1. 10,111.62 ,132.th) 150,OCQ.(KJ 216243.62 43.035.9) ' The restrfcted fvnd Includes grants that have been recel¥ed by the churth to partlalty fvnd the developmeni PfoJe¢t. The terms and ¢ondltiMs of some of these grts may result In the 8rants havlng to be repaid. The £20.tX#) grant from Norwood & Newton Settlement received February 2023, Includes a term by which repayment may be requlred If the churth ¥plles to the National Lottery for fvndlbK8. Such an appllcatlon planned by the church and the Nonhtocrfl & Newton Settlement have been Informed. No rewe5t has yet beèn re¢eb¥ed requesllbvd repaymefit of the 8rant. The £5,( grant from the Slr John Flsher Foundatlon. recelved July 2024, may need fepaylng as the total redevelopment funds ha¥e not been rabsed by May 2025. 140 decis5 has yet been recelyed the Slr John Flsher Found4tlort. The £6.6 grant from the Hunter RTh¥e Trv5L recei1 Aprfl 2024, may need io be rerned Wthé redevelopment project does not 80 ahead alth this dedsbon wlll not be made untS12028. The E30.(MX) grant from the Trustees lor MethrAllst Churth Purposes ITMCPI *ryll requife repayMt upon the sale of the church bulbdiTh4. (cj
20225 Fund for the Support of Prr5 & Oeacms MIOn In Brltsln FWKI 3S0JXI 350.( 275.(M) 275. World MISSI Fund The Fund for ProFwty The Fund for Tralnl 275. 275.(M) 275.Q) 275.(L> Methodist Medkal Bene4thi Fund 275. 275.00 Churches Treethtt In Gre & Dlstrlct Churches To8ether Youth Trust 50. 6SO.(M) 650.fy) A Rocha UK (Eco Church} Torth Tr1 ISht Loss Frbendly (Jwrchl Falrtrade Foundation {FaIrtrle Church) Incluslve Church 100.(rf) 100.fy) 100. l(h).C#) i(A).fy) 1750.(A) . 2.750.C Property mlDt•n•ne• nre Cleanlng Rèpalrs & Renewals L766.40 1.174.32 2.940.72 2.699.28 3,503.88 rfct f bulldl 24. Replacement of hall liihtln8 to LED batons 8oller instslbation- Release of retention PayTnent 3,77S.84 411.09 4,186.93 Insyrnn¢e. utllltl•s •tL Electriclty & G Water Aates Broadband 3947.36 924.68 4,335.69 799.12 In5uran¢e 2.542. 7.779.38 2,479. 7,982.83 Offlc• Expense5 Gener l Fund unrestrlcted Card machine150ftware subscriptkn & tran5Xtion fees) CcwnpuYn& Ir. EIl1(al < El.(XJ) Printin8 & Stationery 2024-25 2023.24 157.r4 124.15 417.13 198.21 220.06 773.07 344.21 Fund Te5tritted for 24- Card transactlon fees 21.16 29.41 21.16 29.41 (i)
unr ed 24- Wotship RerCeS & LICenS Outreach Resources 549.45 481.68 32.80 82.50 Repalr Café Purchases Churth Events le.8. Anni¥tr5ary weekend) Payment of clerty collectlons.. Jo Rand leavlnB and Hy Edmoftd dlnatt Toast Church Ifamllies & YOU people's ¥t1vib> Flowers & Plants 115.14 417.35 1537.42 672.52 834.85 195. 153.24 204.50 Provlslons 549.46 668.00 Weddlng & Funeral Fee5 {to organist & mlnist¢rl 3,772.36 3,181.55 24- Architects Fees 6A30.30 264. 35.569.20 34.224.(X) 1,466.48 Surveyors Fees Fundralsln8 expenses Repwffjnt of Interest free loa 829.74 I50.(.xI 157,524.04 71,259.68 11 Chyrth hId1 and otherwop•rty Valuatlon ol thurch bulldlrt8 by Lamb & Swtft Commerdal on Frldty Inh Mty 2019, carrled out In accordance wlth the requIrents olthe Valuatson Stsndards in the Curreni ed+tloD of the A5 Profè$4onal Stsndards lthe "Red Book"), prepared on the basS5 of Market Value. No substanllal chanBes ha¥È been rnade to the bulldln8 whlch ¢tyJld be expected to affert Its value, beyond Iju5tments in the market. Given the plam to undert•ke major lIdIng work In the next 1-2 years, the trustees conclude that paying for a formal revaluat of the property at this $14e would not be Bood w of the charlty's mLNV. Therefore. the Valuat of £175.IXXI from May 2019 Is bel carrled loard fty therYÈar. neral Fund unr ¢2 3,357.31 777.} HMRC Gfft Aid outstandirl Lettings Circult Assessment prep•Tnenl Other wepayments 3,037.90 I.[ io.(). 1.$82.16 15.716.47 iO,OCK).00 1.627.48 14.783.38 en ent wc 24-2 HMRC Gift outstsndtn¥ Deposlt paid fry all windrm rePlement in 2025126 7.355.81 233.75 9J89.56 2,284.02 2,284.02 Develo ent Fund nated unrestricted Deposit paid tor second¥ glazi in the thurth buSldrt kn 2025126 2024- 20 12.796.CQ 12.796.IX& o)
24- CF8 Deposit Fund (Restrided amount in Develment Fund) CFB Qeposit FurKI Itlesignated [Unre] amthmt in Deent Fund) CFB Dep0511 Fund Iunrestrlcted anount Sn Gen Fundl Cocperivè Bank Communoty Fund (unre. General Fund) C(weratNe Bank Community Fund (Restricted. Dlopment Fund) Cash In hand Iunrestrlcted cash received for General Fund) Cash In hand (Resiricted fundraisOn8 cash recel¥d for Dv¥lownert Fund) 429,062.14 IOA52.50 14266.14 5236.69 1015.81 442,954.29 23377.10 9,529.51 4.674.26 106.10 461,433.28 480,680.16 Unrestrl¢ted funds Jre for the use of ihe trumees In the furtherance of the general objective5 of the Churth. The rethcted funds held in the Development Fund are those to whkh iontribution5 have been made towards the speclfic purpose of rede¥doplr¥a the church bulldln 14 Cr•dlttys Electriclty & Gas Water Rates 228. 182.80 25. 25.00 8roadband 250. eaning 176.04 IS Loans to th• Chwth Durlr the financbal year 2023124. £150.(m was lent tythurth membews In the fLYm of Interest free loans Uwbder loan 4reernents drawn up byJack50n Lees Soli¢ittys and 4ned by trustees and lenders on 215t NoNtmbeT 2023. As per pafagraph 1.1 In the loan a8reements. the Repayment Date on the loan5 is 31st December 2028. A5 per para8raph 5.3 In the kKn a8reements,'In the thtnt that any part of the Load remalns outstsndI on the next Buslness Day Immedlatety folbwin8 the Repayment Date. 5uth Sum S11 immedlaiely be converted to a glft from the Lender to the TTrer and from such dare the Lender shall have no rbht to repayment of Such part of the Loan then outstandin& The Lender hereby exprtssPy a¢kntr*led8es that thls may result In thern receMn8 no repayinents of the Loan at any tlme., With the continuing delay to the rede¥elopment of the churth and the Shorten1 perlod to the Repayment Date of 31st December 2028, a deCI5w wa5 made by the Churth Cwncll. it> agreement wlth the lenders to repay the loans In thelr entsrety. This Occur the financlal year 2024n5. (4)
lof2 RESERVES POUCY of Gran e Methodist Church (Church Council) Compiled in accordanc8 with CC19 and Charities SORP IFRS 102) General Funds held at YIE 3110eJ25 £32,372 Restrfcted Funds held £429.062 Endowment Funds held £0 Reserv•s poll¢y for Gon•ral Funds The General Fund as al 3151 August 2025 comprises unrestricted free reserves of £21,519 and unrestrided d8signat8d res&Nes of £10.853 and exdudes fixed assets aThl restrictèd fvnds. The church's policy is to hold free reserves equivalent to at least three months of annual expenditure. Based on a budgeted annual expenditure of £61.250 for 2025128, the free reserves held represent approximately four months of 8xpendilure. Although the church reiVeS most of ils wular giving income through monthly standing orders, the Iruslees consider it prudent to maintain this lèv81 of reserves to ensure the continuity of the church's activities if access to the church buikling is restricted, resulting in a reduction in lettings income and donations from church groups. The trustees aim lo maintain this level of free reserves by apwoving a balanced budget, with financial perf0mian reviewed ndIcallY. The unrestricted designated reserves held at 31* August 2025 will be us&J to finance the installation of secondary glazing in the church. The purpose of this dasignallon is to improve the inlemal environment for worship, reduce gas energy consumption and lower the thurch's associated cathn fooiprinl. This project was not induded within the redevelopment plan and it is expected that the works will be completed during the 2025126 financial year. 5. R¢s•rv•s Pollc for Restrlct•d Funds Reslricled funds of £429.062 are held as al 31 August 2025. These funds have been received to finance a major redevelopment of the church. InCrporatIng works idenlified in Ihe most recent quinquennial inspeclion report. and are held in accordance wth the te$ imposed by donots and granl-making bodies. Further fiJnds of £345,224 have been pledged but not yet received from the church's membership and other granl-awarding boJi8s in support of the redevelopment work and a not induded in the restricted funds balance. Current estimates of the total cost of the redevelopment are approximately £1.66 million, indicating funding shortfall. In response. the Church Council has approved an appliG3bon to be made to the National Lottery Henlage Fund to support thè finanang of the pn)ject. 6. Terms relatlng to Endowment Funds held Not applicable.
2of2 This Reserves Poliw has been approved by Grange Methodist Church (Churth Council) Treasurer Trustee Full name Full Name L04 Signature SnatUre