METHODIST CHURCH IN TOWER HAMLETS
The provision of sacred space (buildings) for prayer and contemplation. Supporting other charities in the UK and overseas financially and with prayer.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £6,282,035, which is below the stated policy target of six months' ordinary expenditure plus £100,000 for underwriting the Whitechapel Mission and accrued redundancy costs. The Trustees acknowledge that the Circuit is drawing heavily on its reserves and have established a Sustainable Future Group to review options for the future.
What the accounts disclose
“The unrestricted funds of £6,282,035 include properties in use for the purpose of the Circuit and other investments that generate income upon which the Circuit is reliant upon to sustain its core activities. Recognising the significance of the mission of the churches and projects of the Methodist Church in Tower Hamlets and the care that would be needed in ensuring alternative provision if they needed to be wound down, the reserves policy of the Methodist Church in Tower Hamlets is to maintain a reserve of 6 months ordinary expenditure plus the underwriting of the Whitechapel mission to the tune of £100,000 and accrued redundancy costs for Circuit staff.” — page 10
“During the year, the Circuit received grants of £337,770 (2024: 200,365) from TLDMC. The Circuit also paid assessment of £28,644 to TLDMC.” — page 31
“As at 31 August 2025, NMC owed an amount of £90,773 (2024: £105,657) to the Circuit. This amount includes invoices MCTH paid on behalf of NMC, services provided by a Circuit member of staff and interest on the balance of £61,856.” — page 31
“During the year, the Circuit received grants of £337,770 (2024: 200,365) from TLDMC. The Circuit also paid assessment of £28,644 to TLDMC.” — page 31
“As at 31 August 2025, NMC owed an amount of £90,773 (2024: £105,657) to the Circuit. This amount includes invoices MCTH paid on behalf of NMC, services provided by a Circuit member of staff and interest on the balance of £61,856.” — page 31
“During the year, the Circuit received grants of £337,770 (2024: 200,365) from TLDMC. The Circuit also paid assessment of £28,644 to TLDMC.” — page 31
“As at 31 August 2025, NMC owed an amount of £90,773 (2024: £105,657) to the Circuit. This amount includes invoices MCTH paid on behalf of NMC, services provided by a Circuit member of staff and interest on the balance of £61,856.” — page 31
“During the year, the Circuit received grants of £337,770 (2024: 200,365) from TLDMC. The Circuit also paid assessment of £28,644 to TLDMC.” — page 31
“As at 31 August 2025, NMC owed an amount of £90,773 (2024: £105,657) to the Circuit. This amount includes invoices MCTH paid on behalf of NMC, services provided by a Circuit member of staff and interest on the balance of £61,856.” — page 31
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Rev Jennifer Impeychair
- Cheryl Gurnham
- Deacon Theresa Sam
- Dr Keith Aldred PHD, CPFA
- Ella Sibley
- Evelyn Louis
- GLENDA ADAMS
- JEAN PATRICIA THOMAS
- JOHN SINGLETON
- Lily Odartey
- Michael Spurr
- Nana Abrafi
- Patience Yeboah
- Rev Dr Jonathan Dean
- SHEILA PATRICIA DE WINTER
- Susan Bothamley
- Verna Coke
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £781k | £873k |
| 31/08/2024 | £606k | £732k |
| 31/08/2023 | £435k | £575k |
| 31/08/2022 | £375k | £698k |
| 31/08/2021 | £281k | £931k |
Common questions
Is METHODIST CHURCH IN TOWER HAMLETS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £6,282,035, which is below the stated policy target of six months' ordinary expenditure plus £100,000 for underwriting the Whitechapel Mission and accrued redundancy costs. The Trustees acknowledge that the Circuit is drawing heavily on its reserves and have established a Sustainable Future Group to review options for the future. Its FY2025 accounts were audited by Clay Ratnage Strevens & Hills.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 30/05/2019 | £129k | Zacchaeus project - advice and guidance |
| The National Lottery Community Fund | 10/08/2011 | £268k | Zacchaeus Project |
| The National Lottery Community Fund | 10/07/2006 | £5k | The Exchange Project |
| The National Lottery Community Fund | 09/11/2004 | £193k | Work to enable Isle of Dogs residents to develop services & resources |