PRIORY METHODIST CHURCH, BEDFORD Registered Charlty no. 1127751 IKNNUAL FINANCIAL STATEMENTS For the Year ended 31 August 2025 Priory Methodist Church, Bedford, was consecrated in June 1969. It took its name from the Augustinian Priory of St Paul of Newnham, Trvhich was situated ITh th¥ loLality and was dissolved in 1541. Prlory Methodisi Church, Bedford Year ended 31 August 21125 J Objectives and activities Pi'iory Methodisi Cliw'ch is footed in 11)c carlicsi days ol'mcdjodisn), with vssits to Bedford by John W¢slLy. In 1969, two congieBations cani¢ toge￿)£1. as a worshipping cOn￿n￿nItY iti thc prc5ent prerniscs. Priory is part uf the Noitli BedfordshiTe Ciituit of cliurches, and through the District lo the wider m￿￿0d1St Connexion We are also part of eeumenical iriangle witli Si. Maiy's, Goldingion and Iloly Crosb. Pi"iory is ci)mtnLiied 10 seNe the needs of t]￿ l(Kality. thi'ough woi3kn'p and scrvic¢, and to share the love of God wilh all ihosc we inc¢t. Our puipose is ts) s¢i've God In the world, using oui. buildingb, skill aiid lailh (01 the LNood of all. We cotnmit ourselves to building rclationships aiid 10 undciEtanding our llci8hbouTS SO that we may love and seiNe oÈh¢rs. As ways towards realizing this priority, we will give pw.li¢ul￿ dlt¢ntion to the following= Und¢rpinning evLrytliing. we do with God-celltred WOTship and player Suppoi1ing cominuniLy dtvelopmeni and action foi'justi¢c. i¥p¢cially among the ino81 depiived and pool. in Briiain and woi'ldwide Developingw co)iifid¢nce in evangclisjn and in thc capacity to spcak of God and faitli in ways that make 5en5e to all involved Encouraging fitsh ways of being C'hllreh Nurturing a ¢oltuir in the Cliu¥ch wliich is pcople-cenÈird and flcxible Each yeai" we tiy to thknk I1￿￿ug[l thc spccifics of how (o plll oui. prittcipal obje¢tiv¢s into action. The Prioiy Lcadei'thip'l'eam devi8e% a serkes of aims under each of ihe thiee 'Positive PLiory' headiiigs. This list fth'jns the basis of the agyenda cach liine the PLT mcets. In 4Lddition, Ihc objectives are reviewed al least annually by the Church Council. Aims and objectives are IhcTr retaincd, revised, or new ones sti LO thke us into tJi< nexi ye(i¥ of our life 108eiher. PublSe Ilenefit St#tement: I'he ma112Ring ti'usle¢s of Priory MLthodist Church confimi that they are satisfied that ihey have coinplied wilh iheir duly wilh Tegards to eDsuring that the C.'haiity has undertaken suitable woits foi" the bcnctit of th¢ puiJlic' as requir¢d by thL ch£￿iLY Conunission. 2 Achievements and Performance W¢ have both loi)g-terni and shorl-tcrm objcci*veg In the following are8s". Inspiritlg WoJBhip. Iluslding c.ommunity. atid Sharitig Faith with the local and wider tommuD2ty. Lxainple% l)eing'. Rcgulicp4red tli¢ findnrÈdl blalLtsicnis on ihe going concern basis Pj'epared fJiMncial stattinents to Lonii?ly willi SORP 2019 Thcse financial statemcnts ￿'C prcparcd accordancc wilh the CoE)Stitution. Practice and Discii)linc of the Methodist Church. I'he Truqtee8 ￿'e respallsible for keeping praiJeT accounting i'ecord5 which discltisc with reasonable acLuraLy ill any titne tlie finatlcial position of tlie Chur¢h aod enables ilicm lo ensure that the fiiiancial siaicmenl4 comply wilh the law. They al'c also responsible fur saf¢guai'diiig the assels L)rihe ChuiGh and h¢nL< taking reasunable st¥Pb fo¥ thL PILvenlion and deteclion of fr&ud aE]d othttr i(Tegulaiities 5 Struetureg governance and management Th¢ Mcihodisi Church holds. F.K¢epted SLIiLtts undci Statiitory Insttumeni 2002 No 1598, however an the 28 January 2009 I'riory Nleihodisi ChLuLh Bedford b¢caine a'Registered C.liariiy' in its i)wn nglit du¢ to tlie rcquirctnents of the 2006 Chai'ities Act. PtiOTy Methodisi Church is now part of ihe B¢dfoi'dshiic, Lsscx and Flcrtfoidshiie t)istrict of the Methodist Connexion of CJreat Britain.. prith. LO I Seplettiber 2006, wljcn thc London Dislricrs were ieorgallised. Piiory was a pail (If the 14edfi)rd (Noith) Circuit of the London Notth W¢st District of the Methodist Cotlliexioii of Greai Bi"iiain. 5.1 Governgiice Thc gov¢rning body of Priory Methodist ChLkfGh is tlie Chuich CoutL¢iI. Its membeiB are th¢ maiiaging tmstees for both Methodisi and Charity cOn￿u$510ll putposcs. Noirnal pi'actice is loi. it io mcct fow. times a yeai" and cxcepikunal purpose mL¢tu)gs whei"e required. Members arc appointed to the ChurLh Council by the Annual Church meeting of member$, nuTmally serning for a iemi of six yea17. 5.2 Managenjent The Piiory l.eadei3hip Team (appoiiitcd by th¢ Chwrh Coullcil) is set up to roc￿£ on straiegic platkni¢Jg and the vision for Priory. Thei'e are a number of commitiee&, e.g. FinanLe. Property, Worsliip etc. who meet on a regular basis ro deal witli ihe I￿￿￿1a] evesyddy iunning uf the Church. All ￿l1¢Y de¢isioos being referrtd back to the Chw'ch Council for raiificaiion. 6 Reference and Administrative Details 6.1 Name of the ('.hArity Prioiy Mciliodist Church 0.2 Charity regtstratlon llumbcr 112775 k. registered Ejigland and Wales 6.3 Prlnclpgl Office The addtess ot"Priory Methodist Church a￿d of the Church Office is 63 Newnham Avenu¢, Bedford, MK419QJ Priory Methodi$1 Church, Bedford Yeor ended 31 Augusl 2025 6.4 Mlrtister Revd Cliris Sandy Ifroim September 2024} 6.5 Chureh Countil Secretary Miy Marga￿t 8TOWn (fJY)m O¢t 2021) 6.6 Tremsui'vr Mi Keith tiaunt (froim S¢pt¢ffiber 20191 0.7 Membership of the Priory Clkvr£h f.oun¢il Membeis of Ihe Chwcli Council are the Mailaging Tiusiees of Ptiory Methodisi church. The Cljuich Luuncil hab audioi'iiy 2Jid oversi8]it Ov￿. the whole are& of the miiiistty Df thL Chui"ch. it]cluding the managemLni of its propcrty. Membe￿$hIp inLludes the Minister, Ihe Leadership T¢8in, Ehe Scntor Woiship SILwJtd, TTeasui'ei', Sccrctary. Scc¥ctary of ihe l)251oJal Comilliltee. one Cir¢uil 8teward, repic5enlative5 appuinted by Ilie Annual Churcli Cuuncil, and additional pcrsons apwinted to tlie Covncil io ellsurc tbaÈ all areas of the C.hurch's life are adequately represented. Member5 of the Chui'¢h CouD¢il and Maiiaging'l rustees IA the year 2024-25 Chaii'jnan Revd Chris Sandy lfroin Sept 2024) S¢¢riJiary Margw¢t Bj'own (from Oct 21) Church Trcasurcr Keith Gaunt (Crom Sep 19) Leadersliip leam Karen Gaunl (IroTn Jufi 22) Leadership Team Colin Watts Ifrojn lun 22) Leadeiship Team Carincn Rvw¢ (fj'om Jlln 22) PasloTal £vLr¥*tai'y Jejmy Lloyd {frvin Apr 19) Cbureh Council Representatives to the Circuit Meeting Carmet) Rowc (from Alig 15) Margaret Brown (from Aptil 251 Church Repr¢$¢utatlves to the Church Counell Tsatu Atllcicfc {from Mai14) Baibava Rarlow Ifroni Mai. 15) Kathy Lewis Ilrom June 141 Hazel Wamei. (from April 23- April 25) Jeniiy Wood (rtom Apiil 231 LorT&inL. Kalyan (frum Apiil 23) Chiisiille Heani Ifioni April 23) Neville Ponseit (from Awil 25- Aug 25) Additional Representhtlve5 to the Chureh Council LLL l.iitle- Worship Consultation (fi'ojn Mai 141 Colin W￿lS- Etci'nal Light {fi'om Mar 20) Lynn Gound S4Lftbiuarding otlicer (from Mar 20) Sue (iordoii- Admini4Lratnr (from Feb 23) Jasine B¢linfant¢- Senior Worship S(ewJrd (from Feb 23) Clrcuit Steward Repre$ent4tlve to Church Council a Man&gang Trustee of Priory Jdne Mcvey (Ironi S¢pt 19) Minister Rcvd chi.is Sandy (from Sept 241 Revd Michael (iiles- Superintendeni (front Sept 22- Aug 251 Prlury Methudist Cliureh, Bedlord Year ended 31 August 2025 6.8 BsLnker5 and Deposit llolders Santauder UK Plc, BBAM, Bridle Koad, Booilc, Merseyside. L30 4GB Cerii'al FinanLe Boai"d of the Methodjst Chui'ch. 9 Fl(Jvhill Stre¢l, Lundon EC2A 4PE. T[US￿e& foi MethodT5t Church l)uri)oses, Le￿(raI kjuildings, Oldham Strecl, Manchester M I ijo. 6.9 Insurers Mettii)di¥t In%uran¢e plL,.St Ann's House. St Ann'b Place. Man¢h¢stci', M2 71.P. 6.10 Independent Ei x&miner Kareli Dyer FC.CA, GKP {Ampthill) Limited, First Floor, 3 Dooliiile Yard, broghall Road, Ampthill, Bedfoidshire MK45 2NW Approvals Tbe Tiustees, Rel￿ and tlie Fi￿anCIal Statements were &pproved by ￿1¢ ChuJ'¢h C.ollncil on.. Rev Chris Sandy Chatt. of Chuirh Council l￿d a Matmgiiig TmslL'L Pri(bry Methodist Church, Bedford Ye&i' ended 31 Augu9t 2025 INDEPENDENTr. Tr.XAMINER?S IILPORT to the'TrusteLiS of Prioiy Mcthudist ChurLlI. Bedfoi'd- A i'egi%tei"¢d Charity. I report to the Charity Trustees on my eX￿n1nd(lOn ordi¢ Financial Statemcnts of Priory Mcthodisl Lhurch, ]3Ldford- A R¢gisteTed Charity {Ihe Trust) foi the year endtd 31 August 2025. R¢spoMiibillttcs aJd basis of report As Ihe CliaJiÈy (iustees of the Trust, you aTe responsible for ihe preparation of th¢ Financial StaiemeDL8 lrt acLordancc wilh the requiremenL% of tlic Chariiies Act 2011 I'tl)e ALI.). I rcport in respect of my exall)inatioD of Ihe Tmst's Financial Siat¢meniq carried out under scction 145 of the Aci atkd ill cairyiiig out Lny exaininaijon I ve followL(l all app1￿cable Directions givcn by the Lharity Conunissioii under sectioD 145{5}Ib) of the A¢t. Independcnl ex*mlner'8 5taterneni I have conii)leled my examination. I cont￿rn thai no iiiaterial matters have come to iny attcntion in L(iTU)e¢tion with tlie ¢xaminatioJi giving me cause to beliLve that in any inaterial respeci.. accounting r¢cord& were not kept in I'¢sp¢ct of the Trust as requiiEd by section 130 of the AGt' ui" 2. the Financial Statcments do noi *¢cord with those records" 01 the Finaiicial Stat¢m¢nts do iiot comply with th¥ applicable requit"emcnts conG¢rnitJg the fomi ajid Lontent ofFitJaiicidl Siatem¢ni% Set out iij ihL Charil)¢s {Accounts aiid Reports) Regulations 2008 odier tl)an any requirc￿ent tliai the Financial StaitmeThts give and iiwe and laii view which i$ noi a mattej. COllsidei"ed as pan of an IndepeJ￿£nÈ examination. l Lonfinn thal there aT¢ tto Oth¢r matters to whieh your attenlion Should be th'awn to enabl¢ 8 propel. understartdillg of the Financial Stslements Lo be reached. Mrs Karen Dyer FCCA or an on behalf'ol. GKP (Ampthill) Limited irst l.'loor 3 DoolitLle Yard r.roghall Ro&d Ampthill Bcd(oi"dshire MK45 2NW Date.. Church Accruals Accounts 2024-25 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS for the year ended 31 August 2025 Priory Methodist Church, Bedford Rtgl$È¢r￿ Charity- Reglstr*tiov Dumber 1127751 BEDFORDSHIRE {f4iOIiTII) CIRCUIT no J411 Minister Revd C.hrSs SAAdy Cburch Steward5 Karen G*knnt Colln Wat1$ Carmen Ilowe Treasurer K¢ith G4unl Ch•rity No alance Sheet ¥15 Ot 31 August 2025 T4tals 20U St4tein¢nts d oih¢i 2,017.W9 4.987 Z,121,OE6 I,996,068 ChrrÈn( ASS￿￿ tkbknii&anJ pi¢ya 25,￿5 86.026 4,560 6.?96 22JS 6,3J9 4J39 2,23$ 804 ,991,l31 23$ 2,136W71 CpcThEh&l Ity1F￿￿ds IUnr051[i¢t¢dl lJ&S,020 R￿[n￿dFU1id 2.l34¥72 giii Lo F$￿￿7(1￿stat￿ellts w¢approvL'dby th¢ Board OfT￿lee&￿1.... ....... nd wttt Si8nedoii itsbeh&lfby.' 8tophuSaThdy gL- Mu￿STer Prloi'y Meiknodist C'hurcb, Bedford Charliy Iyo 1.127.751 St#teJnent of Flnancial Activities (SOFA) for the year ended 31 August 2025 ¢$tothe IID8nclg1 bcner¥l I,'¥TrO DesigThitcd F¥nd5 RE5trktea FMdo%Yiii¢nt 1'01&1 2023-24 1024-ts Intome OffcrinBs O￿a￿0n$ Gift Eid 41,824 41,924 9,024 10.069 7,755 44,140 46,060 8,23 425 7,508 10,669 4,438 44,140 InteT¢$i aod ?Thv¢4tment ￿COrnE C(Th¢ fiuin property leiiih¥ 2,025 ,292 7,059 65.0S1 2$0 Lw¢ies Othcrcb&riLiblt ￿le<￿Tre Tot&1 1￿Coll)E 12.789 12,789 s￿￿1 lJ43 139,584 115,582 7.45LI 4986 Fjxpendlture c1￿￿1t sb8ie JA55 disP05#1of ￿7n￿￿k)W Le8al lees GTants anddonations PrYrtyJnA￿￿anc¢ 60,0 00.0 13,653 14,600 111,936 311,055 17,709 14J30 l.B24 ill79 241 176,31B J4,6(M) 278 13,508 3.150 7.5U8 5,400 9,595 21.056 18,417 22,069 2,8S? 4,458 Sthtics and wo￿￿ttd¢0sts 24,230 Othei txp¢ndythir¢ In￿nI1 ￿￿ATrIs￿tIOnS Toiil ¢h#rtt*bie 639 242 11ts.500 5L039 13.789 139,Z73 NdintowplleTpendlturel TA￿l￿SbeL￿<¢n lunds Othci gaiiiQ{1￿Sbttl Nei movement lunds Totsl funds bi￿￿£hI forwayd Toial (yDd¥ ¥*rrlL.d l&rward 5,182 (44,589) 18,408 {40fj31 (13.116 (4,8031 {44JiOi 236 l181,182 236 2.A3I872 1,180071 al81.1¥1 Ila888 1,99Z,13Z 2¥,616 Pri(kiy M¢thodisl Chutch, Bedlord Nolts lo the Financial SiatCLn¢nls for th¢ Yeai" Ended 31 August 2025 l Accounting policies B*sis of I'reparlng the ThnAntial StAtemcn15 Ime finan¢¢al ststements of the cliaiily, which Is 8 public b¢nef¢t e))tity ￿llder TrRS 102, hav¢ bten pi'epared in acto)"dance wtth the Ch￿.&1ieS SOJIP ITrRS 102}'Accovnlin8 and Reporting by Chdrilies". Stateinent of Recoiiime[￿ed PJ"Icli¢¢ appli¢abl¢ io Chai-ilies prei)aiing thLiT finAii¢ial 8Uqt¢inent% Ill sccordancc with Ihc Trinthcial Keporling Slanddid dpplieable In th¢ IIK and Republic of ￿t13nd IFRS 1021 Icffeciive l JanU￿Y 20191 and the Chariues Act 2011. These fi¢i8twial stateinents have been prepaLrd on the basis of historical tosi except that invesunenls are shown at theii matkcl at the end of the year. I'he acctual¥ has beell us¢d and In151ee5 preseiit aetounts thai show a true and fail- view of ihc Chuich's fiiiartcjal position 8iul aclivilkes. Assets and liBbilities aFe inilially re¢o8ois¢d at historica5 cnsl nr valul unless otherwis¢ stated bclow. Golng con¢erJi The chuirh employs a part lim¢ administrator to maximise Ihc use of the pr¢mis¢s during the week with paid room leltings, which supplem¢ni the IE8ular doJ)alions Ciom cliurch membeis. Although th¢ list of hir￿ does flo¢iuate year to ye&rthe tru¥tres believe ihe mazket is ¥obus1, and thus the chaiity will ¢onunu¢ ￿ operaie as a going ￿llCern. IDcome retognltlo ncaine i¥ biought into ihe financial S￿lementS whett the church becomes en(iiltd to the L¢sour¢es,' the tswtees ale virlually ItsiD ￿￿ttheY will irecivc th¢ I￿s0￿c¢S and the mollelaiy valuc can br m¢asur¢d with suffi¢i¢nt reliability. No ait2Jnpt is inadc ts> &m¢asui¢ the value ot"seivJces do￿latEd by Nolunictis. Exp¢nOittri Lidbilities aiy r¢¢ogtiised as sooll as thete is a legal ￿. constNctive obligaliots ci)nJniiiing Iht Church to th¢ eX￿}01t￿re, It is piDbable that a iransferef resouiYLs will be I'cquii'd ill 5¢ttl¥menl the moneiary va]ue can b¢ m¢¥urd rcliably. Expertditui'e is accuun¢¢d for on acci'iials basis by natur¢ of Ilie expcnscs incuried. TitL2lble tl%ed as$et$ Assets 31"c capitalised if Ihey can be used for tnoie than ont year, atrd individually c031 &t le351 £1(h)O. Tli¢y Bre v&lued al ¢OSt oy a tca50n8blt value (kn ieceipi. Pix>vi8ioii is Inad¢ for depr¢ciition wbete appropriate io tnSUTe the ¢osi less iEsidulll value is wriuen i)ff ov¢r th¢ir use(ul econumie liw&% on a stsaight line basis. The fiteliold PTOPerty ts disc1￿$t￿ iii *lie finallcial slalcmeRts al ¢U81. No deprtcidiioii is provided because the cvnsid¢r lh¢ Ftsidual value of the busldirtg is noi lus than thi8 ¢amed valuation and li Is niaintained to 2 xtattdard ￿ ensure this r¢sidual value. Investments The investments artt in Inoftetsiy assets and we held by the Trns*eS for M¢iliodisi Chwch Purposes ITMCPI a& ¢U5todiAn tnjslees. Thc Vdliiations. ai mad￿t value, are those provided by TMC.P. Inve5u)Kni ijiconie is includcd in thl rjnancial SEatcments wben iyceivable. Tlic unrealiseil gains aTi%ing oft inv¢slI￿cnts at the end of the yeJr ait shown in die sorA. Futtd %¢toulltlng Unit%lri¢ted fvnds can ￿ used in ae¢4)rdanc¢with tl1¢ cliaiilable Obj￿Ilve5 ai ihe discretion of the TTUSt¢¢$. KL'slii¢i¢d funds can only be used fur particular resiricicd puiposes w&thin the objects ofthe chaiity. Resiriciions arise when specified by djc doijor OJ. when funds are raisul fèr pa¥ii¢olai r¥SlI'IGtcd puiii05es. D¢si8n41ed fijnds Are held tor use in repa?r8 & mainiett8ttce, olltreach and benevolent needs. lh¢ laii¢i' at rhe di$¢reiio of lh¢ MIDlSterof ihe churGh. ktSlLici£d and desiwtrd fuThds are &dded to and U￿ed Ihroughoui th¢ y Prioty Methodist C.huTch, Fledford Notes w t]ie Fuiaiicial 8iaienients for the Year Ended 31 Au￿st 2025 GeReral DeslERated Restricted Fund Funds Funds Total 2025 TotAI 2024 2 Other Charltable Inco￿¢ 'I-IIi5 iTJcludes bundraising activies ulldertakcn within ¢hur¢b ai)d by ¢huL"¢h members io ihe nefit of vai'ious Funds administered by Ihe Chuich. Coffec & Tea Donations Sale of iiemsl Libraiy conts"ibutions Gratit from ButtLrfield TJu.%t LOWal"ds boile 233 398 233 398 5,(H)O 5,631 253 690 .5,￿0 5,000 631 943 3 aiid DoDatlQJlS Tliese arL suJn% givcn io Connexional Funds, Charities and Projects in year. MethodL5t Lhui'ch I'und All We Canl Futld foi World Mission DECI Il¢d C.Joss crisis appeals Macn)Illan coffec morning Royal British Legion Poppy Appeal 31"d Ilcdford Boys Brigad¢ Gitl Guiding Zimhabwe Victim SuppuFt fund IMPAK-11 SNIAR T Prebend C£nti'¢ Oihei 150 Outreach 2¢tiviti￿.. including Benevolct)t Furtd 3.(M)O 3,(K)O 76 31>0 500 3.000 75 4(M> 550 140 741 45 800 250 2.760 76 300 500 954 885 954 885 550 4.243 550 4,393 278 278 278 10,936 429 9,595 3.150 7,50S 4 Insurance, Utllities etc Insut8nee Refuse Collection Electticity, Gas Water Tcleplione 6,562 241 8.864 1,357 685 17,709 6.405 241 10,148 1,160 463 18,417 S S41aries and J5SOCl8ted costs Gross Sdlary paid to one (2024.. 1) employee was as follows.. Grosy Pay Imployevs Penbion colltributions to dcfin¢d contribution scheni¢ 23,439 791 24,230 21,946 722 22,668 'rhc Etnployevs Notional Insurance Contrihuiion in yLur was fully ¢overed by the govemmtnt allowance. 'rher¢ is no accjual for holiday pay a5 It is iinina¢eTldl; Ihe holiday y¢aJ' cnds 31 Augusi in linc with the Finaiicial Year. 10 Pikory Meihodigi Chuieh, Bedfoid Not¢s to the FIna￿CIal Siaicnitnts foi" t1￿ YearEnded 31 August 2025 iicral Dc5igJiatod Rcstricttd Fund Funds 1P￿ndS TtstAI 2025 Tolal 2024 6 Other expendlture Jiinior Chuiih & Youth Wo Wurship resoui'ccs. Cotnmiinion wine, Afiicaii l)alms eit Music and coi)yJ'i8hi licetices Oi'gart and piAno ttining Cosis of income generaiion Antt￿al Financi31 Statetnents illspeclion cliai'ge {noLe 71 Othei. 75 1.703 908 259 259 474 165 261 1.92 474 165 261 1,920 407 1,200 2,440 639 3.079 4,458 7 Ftes for eI2minatioD or xudit of the fiiiancial s¢#lemElIt5 Indrp¢nd¥iil eXaJ]Iillei s foi. i¢poTling on its¢ filw1￿181 biaw-irt¥rtlb Oiliei fcc5 {eg". advice, ae¢ount311Ly 8ervicc¥ I paid 10 thc indtpci￿ent L'x2mineT ,9?0 1,920 .200 8 Cburch buildillgs llnd otlier pi'operty Flxtui'e$ ntting$ equipment Freebold Property Totgj Balatsce brou8hi forward ai I Septembei" 2024, at eosi Addition& Diswsal ol-"Cai¢lakerfs Bungalow" Balanc¢ ¢aTri¢d forwai'd a¢ JI August 2025, at cost .950,099 67,1)00 2.017,099 (163.493) 1.786,606 1163.4931 6?,￿]0 1,853.606 S8 on disposal of Cixcd asseis.. S￿e pior¢eds CotthCXiOtthI Priurity Fknd leky ￿ld 2QO,000 {50,1601 149.840 163,493 113,653) 114,600} 128,253} v￿lle of bullgalow Jn b￿anCe sheet Loss disposal Legal fee Total Tlie Dutigalow was a piivaie dw#llill¥ on a ttsiner uf the freeliold tsil¢ of th¢ w)d was pr¢viously us¢d as IILC Piitnaly Itsideucc of ibc Cdiftaker thL church employfd soni¢onc in this rok. In the absenc6 ol'a s¢paratc cosl for the bungJHlow the valuL dispus¢d frojn th¢ fixL>d assets been taken lo b¢ the insur3tt¢c valu31ion as 31 1 Scpi¢nibcr 2024. As thts was pwjeLI the xaie wa% subject lo th¢ Conn¢Kional Priuriiy Fund Icvy. 9 IDvestments ThL fvnds thai support ihe VaTiOUS ￿ndS aTe held by TMCP in T￿￿teeS Interest Funds on whi¢h inL¢i¢St l5 ¢Y¢dil¢d to the a￿oUnt5 ￿a¢h snonih. The￿ aye T￿￿￿ded Js tncdium and luThg t¢i'm invesbn¢nts. TMCP Is thtt legal owrter and CustDdiart Trusiee of all Meihodisl Mod¢l Tiusl prop¢rly* in¢ludiiig Lega¢i¢s, I-'ndOw￿e￿ts 8nd Ae¢umul*tt41 Funds. Tiusl piuperty held foi" alld behalt.of local MaDAsing T￿￿1¢¢$ who aj'e responsLbl¢ foi" thL' day io day mDnagement of irusi piOWly. TMC.'P th&t, thiiiiigli providing guidartce and 8clinB llnder iheii dirLLIii)n, 1¢ Mana8JlJ8 T￿￿tr¢s coowly wilh charjly Lqw al￿ Metho¢bst law and polity gs det¢rnun¢d bythe Meikndisl c.0￿f￿r￿Ce. Priory Methodist Churcli, Bedfoid Notcs to the Financial Statcmcnts foy the Year Ended J l August 2025 A4aly5i$ ofinve¥tii)ciit m(bv¢ment$ ChaRge in inve5tnient values Cai'iying Imarkeil value at beginning of Add.. additions tu investinents at cost Add.. tnvesimejit of nct pi(>cecds froiii property salc CarL"ying Imiirkei) vdluc ill cnd of yldi" Thi$ year Prtv yÈ•r 4,987 2.235 135.240 142,462 4.756 231 4,987 Total 2025 Total 2024 10 Dtbtor5.' alnounts due wlthln olle year IIM Revenue and C'u,%toni$, tiifi Aid io Augusl 2025 Circuit Quarterly Assessment, Sept to Dcc 2025 Sundry DebtOL'S Prepayiiicntb 4.761 15,000 2,274 541 22,576 5,599 15,000 3.834 572 2.5,00.5 I I Creditor$: amounts due wRtliin one year Sunthy tiediturs A¢¢iua 175 1.860 2.235 5,139 1,200 6.339 J2 Funds Endowmenl Fund This lund - IIC Dunham Ilequest- 15 i'estricted by decd and the ¢apital valuc cannot be spenl. Howevcr the income eaJDed on thL capital can be ￿￿ed each year. Incamc fi'njii ihis furtd was used for futheraDce of (ieneral Church puipose5. Restricted Fund5 These are funds donated io the chuTch for a specific puq)0se, and inusi be utilised for this purpose only. Rctiring & other collc¢tioll Donations gtven in response ￿ specifit calls and events duT2ng the church ycat to be passed on lo Oth￿ beijefjciai'ies. runds io the cvcni of a major re5toJalion of the organ. and to ensure Ollgoing pruvision of tnusic it] siipport nf WLlI'ship. Groups wilh separdte financial arrangeinents wiihin die church life eg Me9by Church & ihc Flower Fulld Organ fulld Various c.hurch Groups De51gn&ted Trunds Tts¢s¢ funds 2r¢ to serve spccifjc purposes btht arc nol resirtced by any docuinent oy deed. ThLy artt.. PL'UPCrty Rcpaits Fund Dcsigned to build a fulld th incet casts of larger nIaiAlena￿Cc wurks Priory Outreach Account To support outsea¢b a¢t)vilies within the chuirh and circuit, with a particular focus on young people Foi. use ai the Ministers discretion io meet need% of people within the l(>cality of the ¢huLth For activities idcntified by tliurcli countil - currcntly £50.000 towards major propeny repairs and the balance for an outreach progranime or to employ & cotTrmunity worker. Benevolencc Fund Bungalow Fund 12 Priory M¢tiiudibi ChtsiGh, Bcdford Notes to Ilie Financial slalcn￿nlS foi. the Yebrlnded 31 Aogusi 2025 13 Suminary of Fund Mov¢iuoknt$ I'he curi'ellt value of tlie eaplial Endowmont Name How the tRpitNI Is InvL'$ted iiicon HC Dw￿lan1 TMCP 236 Restricted Full￿ TrIa￿e Regoui'ccs TrgD¥ftrs C1o51n8 BalRncc Resourcl's Retiring And oilLei- colleciiojts 7,50% 1.292 186 7,50¥ 6.039 242 32.888 531 28.141 475 Various Church Groups Toldl 33.419 8,986 13,789 18,616 14 RelAted Partles All Managing Tnjsltcs arc ni¢i3ibers of th¢ Church aT￿ as have con1rib￿(td 10 thc inctTrmc and acijviiies Ilirougli giviTrg ot-oftcring) felated Eift aid and PhrtiLiPaliort irt fundiaising aciiviiies. These 8ifts, Bs with those ofall Church memb¢is. volwjiary in natuir arc theirfore ￿01 dts¢105ed. Related paiii¢s include Ilie Meiliodisi Ctsnaexion. Methadisl Circuits dnd Distsicts. Cettiral Finance Eloard, L05>JJeyJoD31 PFioiity Fund artd TMCP. All olthese ttttiues have their owrt TI￿ste¢S OT D￿¢¢tOrS. Du¥in8 thc yeai th¢ chuich madt a nombei ofpaymenig 10 lela￿0 p811ies.' T01912025 Totsl 2014 Name of Organisatio Nature of payment Noiih ￿edfuld5hl[U CiTliI)t Ass¢8srnent Methodist Chur¢h Fund Don&tiot) M¢tiiodisi World Mission l All We Can Dunation Melhodisi Insurance Insurance premium Connexional Priority Fwjd Lcvy 60.QOO 3,000 76 0,567 50,160 &),000 3,(M)O 75 6,429 IS Volullteer Contributiot15 Piiory M¢ihodist C.hur¢h is heavily reliant on voll￿te￿% who eontribthe their skills, time &nd money to suppoit all areas of Church lit¢ 3nd ivork. We arc gtatefijl tu all of them foi Iheii" help and commitment. No aitempt lias becn nthdc kn value thc fjon-monetary conu'ibuiions 10 ihe Chwrh In rnonetgry t￿ThS. 16 C4pital cv]nmitrnent$ alld colllingeiit 1Sabilltles There were no capii&l Gommit¢m¢nts or Lontiogent ljdbiliti¢s ai the year end12024.. £nill 13 r4 tr4 112 E]Ilii! 11113 kjilil! Iii,!: