WESLEY METHODIST CHURCH, CAMBRIDGE
FINANCIAL STATEMENfs FOR THE YEAR ENDED 31ST AUGUST 2024
cowrENtS AND CILIRtrY INFORMATION
Co￿TE￿s
PAGE
Report of the Tn￿te¢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 (Resig￿1 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 T￿￿t
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 sTAT￿l￿s FOR THE YEAR ENDED 31ST AUGUST 2024
REPORT OF THE TRUSTEES
The Trustees pr¢seTrt tbeir annual report together witb the financial stateD￿llts of tht charity for the Ye￿ erd¢d 31st
August 2024.
The finaucial statemeots complywith th£ ch￿iti￿ 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 Oumeri￿lY ]arger W¢51¢y Church and the srywller
Chesterton Methodist ChurclL
ACHtEVEMKNTS Af4D PERFOR￿cE
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
Chester￿lL
Wesley Church
Sullday worship has been Maintait￿d through the Jrar. The nuTnbers of alld Sunday V￿￿bipperS 18 declinsng
slowly, although we colltinue to draw people to live5tre4￿cd 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 ￿et￿lar, su¢b as the L£llt sthdy group.
Wesley Cknh Iw Succ￿￿E[Y restarted two aetivtties wbich wete iwrt&nt before covtd: tbe Science Mcets Faith
I￿t￿re Series, draE4ryllg an audience from acro&8 the city. aDd the ThuTrAlayE Together [All￿h 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 SI￿￿￿er 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¢q￿lty 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 F￿dbankpa}s no fee forusing the premises. He&dway's letting fee is all i￿pOtIant
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 C0￿M￿nIty 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 aCen￿lS ac£oullts rather tltan the receipts
Alld payments accounts. as its itLcome excethd the thtESbolds. Its uncerta￿yet if this will be th¢ for llext y¢at
or noL
Tkn rt￿in change w88 incI￿lOn 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 & Rese￿e$ Policy in 2021. Chesterton M¢th(>dist chU￿b 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 req￿irement 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]n￿r￿sed 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 n￿intain a centre Df Christiati I￿ the Meth¢xiist tradition. of high quality and tn a wide variety of Styles
. To strengtben exptTssions olour fellO￿￿bip 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 C￿l$ti&ll workers in the cty and in ourcircuit

WESLEY MEfHODIST CIIURCH, CAMBRIDGE
PAGE 3
F￿ANCIAL 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 exte￿dIng other opwTrEtimities for Christian Edu￿tion
- ExteThd￿ the use of premtses for tslltreacb atth unproNe interacu0￿ with1￿C[S
- Improsryllg atd cxtendmg the use of ¢echnology forworship, thintstratioll and promotioJL
We81ey Methodist Clwrch, as a Charity, tncofjx)rate5 the Physi￿lY aod lluw¢ri¢ally larger Wesley Cbjrch and tbe
smaller Ch&8terton Ilethodist Cburctrl.
We$ley Metbodist Church is governed And tnllDaBed in accord2uce v4ith the standing orders of the Nlethodist
CburclL Tbe churGh ts led by a ￿Illi8t¢r ¢bairs the Church CounciL tlLe governing Ix)dy. Tbe members of the
Ch(￿ch Council, excluding the miuisterfsl alld rep￿se￿ta￿vcs of eX￿rnaL or￿lsatio[L$, ale tlLe tr￿st¢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} Ste￿i￿rdi 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 ma￿gement Personnel
The tnwts¢8 consider tbey aty the keyMa[￿gea1ellt and are ttot nJLunerate

WESIEY METHODIST CHURCH, CAmBRI[￿E
PAGE 4
FINANCIAL sTATE￿￿ENTs 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 tI￿t the
The ttIL8te¢s responsible for keeping proper 8CCOUllttng record8 that disclose with reasojthle ￿Ula¢Y at any time
the fill￿cIal 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 W￿leY Medu)di8t Church. Catnbridge for the Jyar
ettded 31 August 2024.
RESPONSLBLLLTIES AND BASIS OF REPORT
As the tTh￿tees 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 C￿rIed out under section 145 of tbe 2011 Act and iti
Carrying out my exwatton I b&ve followed all applicable direCtio￿S given by tbe Charity Cor(uni￿l0n uttder section
145(5)(bl of Ike ACL
Siti¢e the chjritls gross i￿Ome 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 axaMiV￿Ioll 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 coll￿￿t 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
PRE￿llS & CO LLP
CHARTERED ACCOLThTLSTS &
INDEPENDENf
115¢ Milton Road
Cambridge
CB4 IXE

u t&

WESLEY METHODIST CHURCH. CAMBRIDGE
PAGE 7
FINANCIAL STATEMEhTS FOR THE YEAR ENDED 3 1ST AUGUST 2024
BALANCE SHEET
2024
2023
FIXED ASSETS
T￿gible 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 tra1￿CtiOn value5 unless otherwise
stated itt the relevallt accoiuitiDg policy aotes.
The cE￿ity 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 a￿￿ullt 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 settle0￿￿twill be required attd the att￿ll￿( 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 fi￿￿er 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
Inde￿nd£llt ex￿￿]natiOn fees.
(¢) TANGIBLE FIXED ASSFrs
The TnJsTres for Metbodtst Churth PllEposes (tMCP) kr¢ the c￿StOdianS 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 tr￿te￿ 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 DO￿latIOn 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 straig￿1 basis
(fj FUND ACCOUNTfNG
utlleStrt¢￿d Funds
are available for use at the di￿retIOn of the Church in fjjrd￿￿e of tbe
ObJ￿tiV&S of the ChurclL
are fi￿dS 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 d￿1r 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:
T￿￿t£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 t￿￿teeS 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 AUg￿t 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 Ma￿ged Mixed Fuod
Aberdeen LE. Equity ItK A
Total tav&gtrnent8 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 f0Th￿rd
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 F￿d
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
ca￿led
fonvard tocome Expenditure forward
Joljn Aptborpe Cl￿rity
The L£ys
All chu￿b&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 pu￿0￿￿￿ 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