WESLEY METHODIST CHURCH, CAMBRIDGE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31ST AUGUST 2024 cowrENtS AND CILIRtrY INFORMATION CoTEs PAGE Report of the Tnte¢S Indepeadellt ExaTnitiets Report Statetnent of Fin8ll¢iai A¢tivittes Balan¢¢ s}et Notes to the Finallcial Statemertts 8-12 TRUSTEES Revd Rose W&8ttV(x)d Malcobn Ha81ett (Steward) Philip Howie (Steward) Allgus Carnpkll (SteFwd) Deacon tan Murrny fjraiwll Burghall {Steward) (Resigned OY06J24) Paul Asblev cfre&wrer) Margarei Skemptoll (Resig1 02106r24) Dorothy H&slett ChristopherHeron (Stewa) (Apwjinted 02106124) John Papaloizou Geothey Batty Elaine Papaloizou Jetit)ie Jenks (Steward) Katbarine Batty JeDllie Izzett David Taylor Michael Abbs IEle¢led 021061241 Lieu (Elected 01106124) CHARITY REGISTRATION NUMBER 1129303 EXAMINE Prentis & Co Lt Chartered Accoulltallts Illdependent Exatnitte 115c MiltonRoad Cambridg¢ CB4 IXE BANKERS Lloyds BankPle UniveEsity of Cambridge BrdllcIL PO Box l(M)O BXI ILT Tntstees forMetbi)dist Chwch Purr Model Tt Central Buitdillgg oldha Strcet Matt¢be8ter MI IJQ Central FiDallce Board of the Mdhodist Church 9 BoJhill Stre¢t London EC2A 4PE
WESLEY METHODIST CHURCH, CAMBRtDGE PAGE I FINANCIAL sTATls FOR THE YEAR ENDED 31ST AUGUST 2024 REPORT OF THE TRUSTEES The Trustees pr¢seTrt tbeir annual report together witb the financial stateDllts of tht charity for the Ye erd¢d 31st August 2024. The finaucial statemeots complywith th£ chiti Aci 2011. the Deed of Union aJd.Nlethodist Church Act, and AccouThting a[ Reporting by Chariues: Statement of Reconmiettded Praetiee applicable to charities pr¢pariDg tbeir accounts in accordaTr¢e wilh tbe Finallciai ReEx)rtillg StandArd applicable in ¢h¢ UK alld Republic of freland (FRS 102) (effective l January 2019). BACKGROUND This is the annual reprt alld financial statetnents of Wesley Metbodist Cburcb in the city of Canthidge. Wesley Methodist Church, &8 2 ebarity iti¢0rpora the physiouy Jnd OumerilY ]arger W¢51¢y Church and the srywller Chesterton Methodist ChurclL ACHtEVEMKNTS Af4D PERFORcE The year eoding 31 August 2024 was aperiod of stability in tertns of activities. The finances of both Wesley and Cbcsterton Meth0"t Churches. however, were aff*rted by exccptional lteD of inconLe and expenditure. Revd R08e We8twood {who is also oirwit superint¢ndentl reulaios iu charge ai Wesley alld Deacon Mwray remaios in charge at ChesterlL Wesley Church Sullday worship has been Maintaitd through the Jrar. The nuTnbers of alld Sunday VbipperS 18 declinsng slowly, although we colltinue to draw people to live5tre4cd servic. The practiw is Strea service5 on tlie secDELd and fourth Sundays of the month. Bible study and prdyer groups are an I0)ports aspec¢ of church life, as ate ontroff study sessio]]S Gonttected to siwificani times in the church etlar, su¢b as the L£llt sthdy group. Wesley Cknh Iw SuccE[Y restarted two aetivtties wbich wete iwrt&nt before covtd: tbe Science Mcets Faith Itre Series, draE4ryllg an audience from acro&8 the city. aDd the ThuTrAlayE Together [Allh club for older pwle. Both are well attended. Wesley Ckutch colliinues to be WEII v8ed by non<hurch orJts nisatioLs, althou8b there is increased cornpetition from other premises tbe city centre, such tILe llcwly-r66Jtbished Downing CeDtre. In the SIer of 2024 tkn Churc bellefitted from the one-off hire of the v/hol¢ premi a8 a s¢t fora major fibn pr[UctiO adding nearly £80,000 income. Wesl¢y Church tal[LI a .tillI¢ Sidential cwttaker. atrj a part time CentsE tuaDa8er. Che6terton Methodist Church Sunday worship has bcen maintained througEL the year. It's and cowrgattoll remaiw srnall, but is growing slightly, and income from member5 is increasing stEadily. It is recoguised irnportant ittstitutioll in the community of Ea8t Chesterton, area of In¢qlty and deprivatio Chcsterton is Used by two 0rganl5atio that offer valuable serviccs to tbe locLI alld rgionai COLDJnunity. It ts a hub lot Cambridge City Foodbank, for which dernand is growing. The charity Headway also Chesterton as its priywy eentre of activity inCan]bridge. The Fdbankpa}s no fee forusing the premises. He&dway's letting fee is all ipOtIant ompottertt of the clkurdL'S iticome. Its use of the premi is ste&dtEy iticlusing. Chesterton Metho(tist Clwr¢h coatinues to eo)ploy a part-time 8dmÉni3trator. whose hours have iDcrea8ed in witb fhe increase iti use of the premises by Outside grow)s.
WESLEY THOD[sT CHURCH. CAMBIUDGE PAGE 2 FENANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 REPORT OF rErE TrUSTEES .....JcoNrtNUED At th¢ 8tart of the year plans were in place for a new C0MnIty cafe to be coNtructed on th¢ church site. Earfy in the yw the projvt wa3 cancelle(L owing to incieasing costs alld the adrninistrative burden. This necessitated the repayttwit of some large grants that had aireadybeen re¢eive(L" the payMellt has distorted the fJnAttcial statements for the current year. Desiglls for a Thew. smaller scate project were developed iti the latter half o£tbe ye4r: to lalldscape thE exteDStv¢ 8rassed arEa &roLnd tbe church as a commujllty gard&L For the year endtng 3 1st August 2024, the tnths wrre requir&1 to prepare aCenlS ac£oullts rather tltan the receipts Alld payments accounts. as its itLcome excethd the thtESbolds. Its uncertayet if this will be th¢ for llext y¢at or noL Tkn rtin change w88 incIlOn of assets aud liabEiiti&s on a balaoce sbeet acLx)mpanving note8. The curreJLt as8ets and liabilities were atseady forming part of th- disc105Ute in previous receipts and paymettts a¢coullts. Fixed assets- the ttusrees used hi5tori¢ ¢08t for buildingy and deprectating buddings. For equipment the tsu8tEes used deemed costs considered to be the iThSur N'atuation. The churob n]sde a suTplll8 01£91,921 afier accounting for & depreciation charge of £59,110 (2023: deficit of £119,936 after accounting Ear a depre¢Èatioll charge of £49.110). Uore5tricted r&8erves at 3 1st August 2024 were £1,097.877 (2023.. £1,074,9451. Total reserycg stood at £1,187.50312023.. £1,279,424) and fire reserves were ¢ottsidered to be £286,973 (2023.. £204.931). RESERVES POLICY Wesley adopted & Resee$ Policy in 2021. Chesterton M¢th(>dist chUb bas llo¢ adopted a separate reserves policy. The W&gl¢y Church licyd(ellt itself SEts Out the rational¢ for the reserves polic), and identifies the reqirement for two reserve8.' a Gell¢rai ReseTrE aod a Property Re&erve. In SUMM the policy is that., We aim to n)aintaim a General R%s¢Tve of about SAX montlLs expetkditure. or £1 10,O(X) itt a pre-eovid year. . We aim to maintain a Property Rs8erve of £l(Ml.000. AJMS, OBJECTS AND ORGANtSATION Our objective8 ate sun]nrsed in our mi&8ion statemBnL Our mission i5 Lo bc a... Worshippitig WelGomm8 Witne£sing Ci]ristian Comtnunity. wittk & disEiryctive Methodisi dwacter 56rvill8 Cambridge and di8trict. To th&t en(L we intend... To nintain a centre Df Christiati I the Meth¢xiist tradition. of high quality and tn a wide variety of Styles . To strengtben exptTssions olour fellObip and untty ttt CbrÉsL dwougb growth and nurture aTMI pastornl c&r¢ To deepen the Christiatt lthowledge and faith ofthe church COllJDllullty To ellg&ge effective outreach to those who live, worl sthdy or play in celltsal Cambridge To s¢rve the I(al community through iJ]diTridual pani¢tpatioD and the use of ow premises To ¢OHoperate with other Chutchcs Cl$ti&ll workers in the cty and in ourcircuit
WESLEY MEfHODIST CIIURCH, CAMBRIDGE PAGE 3 FANCIAL STATEMENfs FOR IHE YEAR ENDED 3 1ST AUGUST 2024 PEPORT OF THE TRUSTEES ..... Ill particular, we intend to incre&8e our efforts... To reach out to chddrell alld young people To welci)rne alld integrate tbtrse wbo join our COTllmU]Jity . To provide adequaÉe re8ourc¢s to r¢ach our tBrgets- rfwurrns of people. premi8cs kttd nK)lley to reach our targets . InGreastng small Fello%hIp groups attd extedIng other opwTrEtimities for Christian Edution - ExteThd the use of premtses for tslltreacb atth unproNe interacu0 with1C[S - Improsryllg atd cxtendmg the use of ¢echnology forworship, thintstratioll and promotioJL We81ey Methodist Clwrch, as a Charity, tncofjx)rate5 the PhysilY aod lluw¢ri¢ally larger Wesley Cbjrch and tbe smaller Ch&8terton Ilethodist Cburctrl. We$ley Metbodist Church is governed And tnllDaBed in accord2uce v4ith the standing orders of the Nlethodist CburclL Tbe churGh ts led by a Illi8t¢r ¢bairs the Church CounciL tlLe governing Ix)dy. Tbe members of the Ch(ch Council, excluding the miuisterfsl alld repsetavcs of eXrnaL orlsatio[L$, ale tlLe trst¢eS of the clmrity. Members of the Church Coun¢d are chosell by olle of the foUoTring process. (l) Ministers appoitited to the church by the Methodist Church (2) orduwy tnember% elected bs the annual Geueral Chwch Me£ting (3} Steirdi of tbe church, eleGied by the annual General Churcb_meerillg (4) officio officers of rhe ¢burch, sucb as the treasurer, o are appointed by the Church Counetl itself (5) Tepre5entatiTrfs fro the Methodisi Cburch ill tbe locaL CllruiL The Church Council theets llOTD)ally three limes a yEar. aDd receives reports frottL officeTS and orgatiisations withiti the church. Day.1041ay ttthuagellwit is devolved to the miDiSters, Stewar(Ls, the Fi[l¢C & Pr(>perty Conuntttee, the Pastoral Cornmittee, and t&e officers of the churcl sllch as pastOTal secretary. treasuter property steward. Trustees mu8t all be members of Wesley MetlM)dist Cburch or Chesierton Methodist churc They serve for& period of gix at a lime, aad tnay be winted. The trLL8tees bave paid due regard to guidarw issuedby the Charity Collu[10 on publi¢ benefit in deciding what activities the Church shoutd ulld¢rrake. Key magement Personnel The tnwts¢8 consider tbey aty the keyMa[gea1ellt and are ttot nJLunerate
WESIEY METHODIST CHURCH, CAmBRI[E PAGE 4 FINANCIAL sTATEENTs FOR THE YEAR ENDED 31ST AUGUST 2024 REPORT OF THE IRUSTEES .....JCONTINUED STATEMENT OF TRUSTEES RESPONSIBILrriES with 2pplicabl¢ Iiw and United Kingd(&n Aeeounting sta[KI Iunited Kingdom Gener2]ly Accepted Accounting Practice). The law appli¢abl¢ to olwiti¢5 iD Englalld alld Wales r¢quir¢s th¢ Charity tnJste¢s to prEpar¢ fiDanri81 state]llEnts for each year wbich giye a true atld faiT view of the state of affairs ofthe cbarity and of thE iIIcoTDi resources, and application of resour¢e4 of th¢ cbority for that PEri(rt In pr¢pariDg the fin&]81 stst¢meni& th¢ tnjstees are required Select 5Uitabl¢ cOUntIng policie5 and then apply them con5iStentty" observe the method5 and principles in the applicable Charities SOB. make judgements and estimates that are reasonable and prudenL stste whetber applicable accounting stsndards bave been fr>llowed, subject to any material departwes that mustbe disclosed and explained ill the financial statements. prepare the financial Statem on the going concern b&8is unless it is inappropriate to presume tIt the The ttIL8te¢s responsible for keeping proper 8CCOUllttng record8 that disclose with reasojthle Ula¢Y at any time the fillcIal position of the cbarity and to ellable tbem ettsure that the fi[icial statements comply with the Charities Act 2011. and applicabk chan.ti {Accounts and Reports) Regulations, and tbe provision of the Deed of Union. They &rE a150 rE5pollsibl¢ for safeguardillg the assets olthe cFwity aDd taking reasonable steps foy the PTevention of fraud and other irregularlties. Approved byth¢ truyte¢s on qtL3 LJoLcfr and SI on their Etbalf by.. DR P ASHLEY TRUSTEE
WESLEY METHODIST CHURCH, CAMBRtDGE PAGE 5 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 rNDEPENDEKf EXAMINERS, REPORT TO THE MEMBERS OF IVESLEY MEfHODIST CHURCH, CAMBRIDGE I report to the tllember3 on my examination of tbe &Gcounts of WleY Medu)di8t Church. Catnbridge for the Jyar ettded 31 August 2024. RESPONSLBLLLTIES AND BASIS OF REPORT As the tThtees of the charity you Br¢ responsible for tbeprep8r&tiottof the aecounts ID accordance with the requirenLents of dLe Charities Act 2011 ('the Acr). I report in respect of my examit)ation of tbe charitys accounL8 CrIed out under section 145 of tbe 2011 Act and iti Carrying out my exwatton I b&ve followed all applicable direCtioS given by tbe Charity Cor(unil0n uttder section 145(5)(bl of Ike ACL Siti¢e the chjritls gross iOme exceeded £250,01)O yourexan]itter tnust be a member of & ixxly listed itt section 145 of the 2011 Act. I confirm that l am quahfied to undertake the axaMiVIoll knause l attL a of the knSOGiation oEChartered CertifLed Accountattts Twbich is One of the listed bodies. I have completed my examiDatiots. l ¢onfm that no tnatttial trAtter5 bas'e come to rny atsention in counection with the &Kamtttatiott givillg me cause to believe that in atty nwtttial &spect". {1) {2) (3) ac¢ountiDg records were not kept in respect of the charityas required by tion 130 of the ACU or the accouJ)ts do llo¢ accoLd with tbose records. or tkn wcounts do not ¢Otnply with the appjicable requirements concemstig the fo attd the collt of accounts set out in tbe ClJaritie8 (Accow)rs and Reports) Reguiation5 2008 other than anyrequirezneut that the a¢coullts give a tNe and fair view which is ttot a fftnAtter considered as part of an llulependent I have llcl concerns alld have ¢¢)me across no other matters ill ¢ooll¢¢tion wtth the ¢kThiination to wl)ich attentsoll Should be drawu ill this report in order to ellable & pri)per understallding of the accounts to be reach Lth W SHtPLEY FCCA FOR.4ND OF4 BEHALF OF PREllS & CO LLP CHARTERED ACCOLThTLSTS & INDEPENDENf 115¢ Milton Road Cambridge CB4 IXE
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WESLEY METHODIST CHURCH. CAMBRIDGE PAGE 7 FINANCIAL STATEMEhTS FOR THE YEAR ENDED 3 1ST AUGUST 2024 BALANCE SHEET 2024 2023 FIXED ASSETS Tgible fixed assets JnveslmeDts 8IoyH 89J95 9(K),299 870.014 106.304 TOTAL FIXED ASSETS 976,3 18 CURRENT ASSETS TMCP T Fuud- Accounts Central Finance Board. Depjsit Account5 Cash at bank and in hand Debtixs 123.285 130,441 33,667 2,840 2,233 126,237 109,594 65,325 5,098 306,254 TOTAL CLIiRENT ASSETS CREDITORS: amounts falling (bje within one year 3.029 3,148 NET CURRENT ASSETS TOTAL ASSETS LE&S CURRENT IJABILITIFS 287,204 1.187,503 303.106 .279.424 NET ASSETS THE FUF4DS OF THE CHAIUTY UnTestricted income funds Restricted income fut)ds ElldownKnt funds 1.097.877 231 89.395 1.074,945 98.175 106,304 io TOTAL CHARrrY FUNDS 1.187,503 1279,424 Approved by the TrllMees on and signed on their behal£ DR P ASHLEY TRUSTEES The notes on pages 8 to 12 forn) part of these financial stat¢wts.
WESLEY MEfHODIST CHURCH, CAMBIUDGE PAGE 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024 NOTES TO THE FDJANCtAL STATEMENrs ACCOUNttNG POLICIES la) BASIS OF PREPAIL4TION The fiwicial stat¢nwnts have been prepared in amrdallce witlL the Ststement of Recommended Practice.. Accounting aj Reporting by Cbarities piepariug their financid staten]ents in accordance with the Financial Reporting Standard applÈable in th¢ LX and R¢publt¢ of Iretand (FRS 102) (¢trective Ist January 2019}- (Charities SORP (FRS 102)) aud the Financial Reporiing Standard applicable in the UK and Repub]ic of Irelaud IFRS 102). The W¢51ey Meth¢)dist churc Cambridge meets the defiTJition of a publi¢ benefit entity under FRS 102. Assets and liabiliiies atE initially recogDibed at bistori¢aL 510r tra1CtiOn value5 unless otherwise stated itt the relevallt accoiuitiDg policy aotes. The cEity has taken advaatage of exen4)tion8 under Charities SORP artd FRS 102 th not provide a Statement of Cash Flow& Ib) ASSESSMENf OF GOING CONCERN The Trustees consider that there ore oo tnaterial uncertainties atM)Ut tbe Church's ability to continue as a going cortce Ic} tNCOME Income is recognised in the year iti wtiich rhe cban.ty is entitled to the receipt, and the aullt can be n]ea8ured with reasonable cettainty. [nc(t is only def¢rred th the charity h¥ to con(h'tion8 before becoming entitled to kt or wlLere th= donor has Sp]fied that the iucome to be expend io a ture year. (d) EXPENDtruRE AND IRRECOVERABLE VAT Expenditure Ès CogniSed once there is a legal orconsttuctive oblsgatioll to make & paynLeni to a third paty, it is probable that settle0twill be required attd the attll( of obligation rttrAowred rcliably. All extxndittwe is accouttted For on au ac-[ual5 b&si6. All expetws including support costs and governance costs are atlocated or apportionfAI to the followÉng expetyditure headings as folloNE.' Charitable ucttvitw.. Expenditure on ¢harttable acuviti¢s iKlude the costs of activiti&s vlldeltakn ro fier tbe putposes of the Cburch and its associated support costs. Costs relating to a particular activity are allocatcd dArecTly, others are apportioned on all appropria basis. Gc>vern2a¢e costs include all expendittwe rtot dit#tly rtlated to tbe-ljatitable aclli'ityor fijlldraising ventures. This includes an appropriatr proportion of costs of Salari for administstion staff and Indend£llt ex]natiOn fees. (¢) TANGIBLE FIXED ASSFrs The TnJsTres for Metbodtst Churth PllEposes (tMCP) kr¢ the cStOdianS trustees for chur¢h land and buildings, which ts a ModelTrust property aad ]MCP hold the freehold title. The Trustees of Wesley Churcb. Cambridge ate the maDagllJg trte of We8ley Chunh ChestertoiTr. Under FRS 102 they have been included at esttmated hi8toricai ¢(trsL The value of tiMated histori¢al cost of land b&8 llot been depreciate so dq)reciation only applied ro the buildiJ)g then[Ye8. Equipmellt is included a deemed bistoric cost (based on iDsured vallles).
WESLEY METHODIST CHURCH, CAMBRIDGE PAGE 9 FfNANCIAL STATEN(ENtS FOR THE YEARENDED 31ST AUGUST 2024 NOTES TO THE FtNANCIAL STATEhlEKrs ACCOUNTING POLICIES ..... Equwment assets are stated at cosi les5 dq)rr£iatioo DOlatIOn is provided atrates calculated to write off the costs of [ed assets, IrA5 theirestimated residual, over their expected useful lives on the following basis.. Freebold Property- 2Yo Strdight lifte basis Equipment- I/0 straig1 basis (fj FUND ACCOUNTfNG utlleStrt¢d Funds are available for use at the diretIOn of the Church in fjjrde of tbe ObJtiV&S of the ChurclL are fidS set &8ide by CILUtch iti order to undertake wifi¢ projects, or equaltse anticipated tDajor exEthitstre ortllthintetwice of fixed a58ets in Design&ted Funds Restricted Funds Endowmellt Funds are Jnouies wbjKt to regulatioll by the donors of the fiEnds as to d1r use. are broadly legacies held by TMCP. IFrrEREST AND tNVESTMwf INCOME Year ended 3 1st August 2024 2024 Total Funds Unregtricted Re8tricted Funds Funds Illterest ott deposits l3,715 75 13,790 INTEREST AND INVESTMENT fNCOME Year ended 3 1st August 2023 2023 Total Funds Unre3tricted Restricted Funds tnterest on detx)$its 10,383 301 10.684 CHARrrABLE ACtIVlTtES YEIIR ENDED 3 1ST AUGUST 2024 Circuit essmEnt or Shar WoJ3hip Donations R¢pairs alld fDaint¢nan¢e Utilities 2024 2023 Note 104,650 3.608 35 25,664 38,894 64,414 112,551 26,617 32,493 100,454 5,342 221 65.344 27.948 62,579 15,811 26.617 32,493 Other payments Building depreciation Equipment depreciaiion 408,926 336,809 Included in costs were governauce costs as follows.. 2024 2023 llldepeadent eXa]natiO 1.386 1.320
ESLEY h(EfHODIST CHURCH. CAMBRIDGE PAGE 10 FINANCtAL STATENIENfs FOR THE YEAR ENDED 31ST AUGUST 2024 NOTES TO THE FINANCIAL STATEMENrs TRUSTEES AND STAFF REMLThERATION The s£r¢0819 were: Tt£t8 ICtrGUit Minist¢r5) alld supwrt staff SAEatte8 Social security Costs Pensioa ¢08t Apprelltice levy Agenoy stsff Other 2024 2023 55,542 4,139 3,136 278 44.958 3,359 2.431 228 10,925 678 1,319 64.414 62.579 Average vRekiy numberof staff employed Iluriog the year. Part No member of staff recei remunejxtiott of more than £60.0(x) dunng the ye4f. No tteeS received Y remunerntion for the year (20.. £Nik). Trustees expellses aTtLoullting to £lJ71 were l[bUrsed during 2024 (2023: £3,635). TANGIBLE FIXED ASSETS Year ended 315t August 2024 COST Balatlce at 1st September 2023 Freehold Property Equipme Total lJ82535 324.936 1,707,471 Balallce at 3 1st August 2024 DEPRECL4TION Balanffj at Ist Septernb¢r 2023 Charge for the year E.382.535 324.936 1,707,471 739,978 26,617 97,479 32,493 837,457 59,110 Ba[all at 31st August 2024 766.595 129,972 896,567 NEf BOOK VALUE AT 31ST AUGUST 2024 615,940 194,964 810,904 TANGIBLE FIXED ASSFrs Year ended J lrt August 2023 COST Balallce at 1st September 2022 Additio08 FrKhol Property Equyllent Total 1.382535 324,936 1,707.471 Balance at 3 Isi AUgt 2023 DEPRECtATION Balance at 1st Septemb¢r 2022 Charge for the year BA]hnee 31stAugust 2023 NET BCKJK VALUE AT 31ST AUGUST 2023 1,382,535 324,936 1,707,47I 713J61 26,617 64,986 32,493 778,347 59.110 739,978 642,557 97.479 837,457 227,457 870,014
WESLEY METHODIST CHURCH. CAMBiiIDGE PAGE 11 FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST AUGUST 2024 NOTES TO THE FtNANCIAL STATEMENTS 2024 2023 Funds brought foThvard.. CFB Mall&g EquityFuttd CFB Mall&ged Fixed tnter¢5t Fw CFB Maged Mixed Fuod Aberdeen LE. Equity ItK A Total tav>rnent8 at tnatht Vallle 43,l50 15924 23,848 17,256 100,178 42,220 17,166 24,906 19,632 103.924 Trustee Interest Fund (C88hl Total Investtnents brougbt f0Thrd 6.126 106,304 38.155 142,079 Movement in the year. Additions Disposal8 Ullreaiised gaiu&l(1085es) Realised gain&'Oosses} Totsl Investtnents movement in year (24.858) 6,94E 588 (3,746) 82,849 100,178 Fullds carried forward.. CFB Man&ged EquÈty Fw CFB MaDaged Fixed Interest Fd CFB M8naged Mixed Fund Aberdeeu UK Equity lttc A Totsl Investjnents at maknt value 48,645 16,702 17,502 43,150 15,924 23.848 17256 82,849 100,178 TnL8tee Itttrrest Futtd (Cathl TotAI knvestllkents ¢atTi¢d loThvard 6,546 89,395 6,126 106,304 DEBTORS 2024 2023 Trade debtors 5,098 CREDrtORS Due within ofje year Trade ¢reditor5 2024 2023 1,643 1,386 1,828 1,320 3,029 3,148
WESLEY METHODIST CHURCH, CAMBIUDGE PAGE 12 FtNANCDiL STATEN(ENfs FOR THE YEAR ENDED 31ST AUGUST 2024 NOTES TO THE FINAFICIAL STATEMENrs RESTiucfED FLNDS Year ended 31st August 2024 Brought Carried fonvard Income Expenditure forword John Apthorpe Ctwity All Cburche6 Trust Other5 67.175 3l,O(K) {67,175) {31,(X)O) 231 231 98,175 231 (98,175) 231 RESTRIcfED FUNDS Year ended 31st August 2023 Brought caled fonvard tocome Expenditure forward Joljn Aptborpe Clrity The L£ys All chub&S Tnt8t Cambridge City Council Others 67,175 67,175 (5,000) 31,0 15,0 31,000 (l5,0001 (6011 {20,60II 301 I l8.475 301 98,175 io. The fouowillg ¢ndowmeots atr held by the TrLLStr¢8 Metbodistchurch pu0 aDd are iepresented by iave8lw¢nts in the fit]21 statements. 2024 2023 Beales Robert SharTnan Bequ¢st Mrs Ada E Kent Rev K Kirky Bequcsl K&thleen Nicholso Endowment Fuud 65,346 21.958 59,074 20,072 100 24,967 1,053 1,038 1,053 1,038 89,395 106,304