WALWORTH METHODIST CHURCH
Charity overview
Activities - how the charity spends its money
The Church carries out a wide range of activities and, in particular, the specific guidance on charities for the advancement of religion. The Church undertakes worship and prayer, learning about the Gospel and developing their knowledge and trust in Jesus; welfare, community services, youth projects; and provision of pastoral care for people living in the community.
Income and expenditure
Data for financial year ending 31 August 2024
Total income:
£584,590
| Donations and legacies | £227.01k | |
| Charitable activities | £350.23k | |
| Other trading activities | £0 | |
| Investments | £7.35k | |
| Other | £0 |
Total expenditure:
£435,090
| Raising funds | £0 | |
| Charitable activities | £435.09k | |
| Other | £0 |
£0 investments gains (losses)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
| Raising funds and other expenditure | £0 | |
| Charitable expenditure | £435.09k | |
| Retained for future use | £149.50k |
People
1 Employee(s)
25 Trustee(s)
32 Volunteer(s)
Employees with total benefits over £60,000
No employees have total benefits over £60k for this charityFundraising
Trading
Trustee payments
What, who, how, where
- Religious Activities
- Children/young People
- Elderly/old People
- People With Disabilities
- The General Public/mankind
- Provides Buildings/facilities/open Space
- Other Charitable Activities
- Lambeth
- Lewisham
- Southwark
Governance
- 06 May 2009: Previously excepted registration
- CLUBLAND CHURCH (Working name)
- Complaints handling
- Conflicting interests
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Volunteer management
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
25 Trustee(s)
| Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||
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| Rev David Markay | Chair | 01 September 2018 |
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| Vidal Sumner | Trustee | 19 April 2022 |
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| Joseph Genda Bassie | Trustee | 01 January 2022 |
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| Oladapo Adekunle Bammeke | Trustee | 01 September 2021 |
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| Alfred Thorpe | Trustee | 01 September 2021 |
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| Evelyn King | Trustee | 01 September 2020 |
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| Mercy Cobbah | Trustee | 01 September 2019 |
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| Euphemia Redwood-Sawyerr | Trustee | 01 September 2019 |
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| Michael Odunlami | Trustee | 01 September 2019 |
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| Eunice Fletcher | Trustee | 01 September 2019 |
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| Sabrina Prempeh | Trustee | 01 April 2019 |
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| Samuel Anang | Trustee | 29 November 2018 |
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| Rev David Gillman | Trustee | 01 September 2018 |
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| Abayomi Oduga | Trustee | 01 September 2017 |
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| NANCY CHIDAWA | Trustee | 01 September 2017 |
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| Yomi Ogunsola | Trustee | 31 August 2017 |
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| Oyebimpe Duyilemi | Trustee | 17 January 2017 |
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| Matthew Annang Asumang | Trustee | 01 September 2016 |
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| Esther Adenuga | Trustee | 06 May 2015 |
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| Collins Pratt BEM | Trustee | 01 September 2014 |
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| ZARA ADU | Trustee | 01 September 2014 |
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| REV PAUL WEARY MA BSC | Trustee | 01 September 2014 |
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| Ann Amanda Caroline Pratt | Trustee | 01 September 2014 |
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| Olu Akinyemi | Trustee | 01 September 2014 |
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| CAROLINE IBIYEMI OLAPEJU OGUNSOLA | Trustee |
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Financial history
Financial period end date
| Income / Expenditure | 31/08/2020 | 31/08/2021 | 31/08/2022 | 31/08/2023 | 31/08/2024 | ||
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Total gross income | £309.78k | £270.69k | £370.70k | £493.31k | £584.59k | |
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Total expenditure | £373.93k | £222.53k | £297.93k | £481.26k | £435.09k | |
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Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
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Income from government grants | N/A | N/A | N/A | N/A | N/A | |
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Income - Donations and legacies | N/A | N/A | N/A | N/A | £227.01k | |
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Income - Other trading activities | N/A | N/A | N/A | N/A | £0 | |
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Income - Charitable activities | N/A | N/A | N/A | N/A | £350.23k | |
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Income - Endowments | N/A | N/A | N/A | N/A | £0 | |
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Income - Investment | N/A | N/A | N/A | N/A | £7.35k | |
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Income - Other | N/A | N/A | N/A | N/A | £0 | |
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Income - Legacies | N/A | N/A | N/A | N/A | £0 | |
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Expenditure - Charitable activities | N/A | N/A | N/A | N/A | £435.09k | |
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Expenditure - Raising funds | N/A | N/A | N/A | N/A | £0 | |
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Expenditure - Governance | N/A | N/A | N/A | N/A | £92.00k | |
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Expenditure - Grants institution | N/A | N/A | N/A | N/A | £0 | |
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Expenditure - Investment management | N/A | N/A | N/A | N/A | £0 | |
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Expenditure - Other | N/A | N/A | N/A | N/A | £0 |
Assets and liabilities
Definitions for assets and liabilities
These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.
Long term InvestmentsInvestments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.
These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.
Defined benefit pension scheme asset or liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.
| Asset / Liability | 31/08/2020 | 31/08/2021 | 31/08/2022 | 31/08/2023 | 31/08/2024 | ||
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Own use assets | N/A | N/A | N/A | N/A | £0 | |
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Long-term investments | N/A | N/A | N/A | N/A | £8.73m | |
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Other assets | N/A | N/A | N/A | N/A | £371.74k | |
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Defined benefit pension scheme asset or liability | N/A | N/A | N/A | N/A | £0 | |
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Total liabilities | N/A | N/A | N/A | N/A | £0 |
Accounts and annual returns
| Title | Reporting year | Date received | Received | Download |
|---|---|---|---|---|
| Annual return | 31 August 2024 | 29 June 2025 | On Time | |
| Accounts and TAR | 31 August 2024 | 29 June 2025 | On Time | Download Open in new window |
| Annual return | 31 August 2023 | 28 June 2024 | On Time | |
| Accounts and TAR | 31 August 2023 | 28 June 2024 | On Time | Download Open in new window |
| Annual return | 31 August 2022 | 30 June 2023 | On Time | |
| Accounts and TAR |
31 August 2022
(These accounts |
30 June 2023 | On Time | Download Open in new window |
| Annual return | 31 August 2021 | 26 March 2023 | 269 days late | |
| Accounts and TAR | 31 August 2021 | 26 March 2023 | 269 days late | Download Open in new window |
| Annual return | 31 August 2020 | 25 October 2021 | 117 days late | |
| Accounts and TAR |
31 August 2020
(These accounts |
25 October 2021 | 117 days late | Download Open in new window |