Charity number. 1132338 ST NEOTS AND HUNTINGDON CIRCUIT UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 NEOTS AND HUPfflNGDON CIRcurr CONTEPWJ Page Reference and Admlnlstratlve Detalls ol the Charfty. Its T￿￿tee$ and Advlsers Trustees. Report Independent Examlnerfs Report Statement of Financial Activilies 10 Balance Sheet 11 Notes to the Financial Statements 12-26 ST NEOTS AND HUNTINGDON CIRCUtr REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustaas Rev J J Bamber. Superintendent minister Rev S Baker, Minister (resigned 31 August 2025) Rev N Witham, Minister Rev P Ssddall. Supemumerdry minister Rev L Singh, Minister (appoint&l 1 September 2025) Ms A PellatL Circuit Steward Ir8signed 28 Octobar 20251 Rev H Walker. Supemum8rary minisier Deacon S Roberts, Supemumerary deac Mrs R Butler. Circuit Stewafd Mr N Bainbridge, Circutt Steward {Tewgned 10 September 20241 Mrs L M Chartton, Circutt Stewdrd Miss E A Cracknell, Cirtyjrt Treasurer Mr R Ward. GDPR Champion Mrs P R Zahner. Circuii Mission and Ministy Sutpxt C(￿1n3t0r Miss V J Amond. Circuit Safeguarding orricer Mrs J M BainbTtdge. Methodist Women ￿ Britain Mr P J Barker. Wodd M¢ssion Fund TreaSU￿r Mr A Butler, Connexional Funds Treasurer Mr J M Green. L￿1 Preacherfs Seu8 Mrs O M Watkins, Circuit Meeting Secretary Mr G E J Wrycxoft, Circurt Propety Stewafd The following trustees are e￿¢te￿ representslives from thwches *ithin Ihe St Neots and Huntingdon CiroJtL' Berkley StreeL Sl Neols - Mr A Bewt laprM)intaJ December 2024), Mrs B K sPen￿r and Mr C J Thompson Bramplon- Mr A E Cannon, Mw5 D Canrton and Mrs R Parsons Buckden- Miss C M Swepstone and Mr W Thomas Hilton - Mrs S Hay. Mrs D J Whaw and Mrs H W￿xIS Huntingdon- Mr P R Homsby Over- Mr C G Smith and Mr D Ward Ramsey- Mrs H M Twthya. Mrs C Simpson and Mr D A Whistter Sawtry- Mrs J Anderton.. Mr M Baker and Mr M Coates St Ives- Mr T Kelby. Mr J Knell (resigned De(tmber 2024). Mrs L E Knell (resigned De￿mber 20241. Mrs K Pr(*in. Mrs E Pri￿ (apwinted De￿mber 2024) and M M Marshall (appointed D￿rnber 20241 Wathys- Mr J K Rogers and Mr D M Walkins Page 1 ST NEOTS AND HUPfflNGDON CIRCUIT REFERENCE AND ADMINISTrATNE DEfAILS OF THE CHARrtY, trs TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Charity rogisterod nufflb8T 1132338 Prlncipal office Huntingth Metlmxlist Churth. 17 Hith Stree( Hunti￿￿. Cambs. PE29 3TE countsnts Moore. Rutland House. Minerva Business Park. Petertx)rough. PE2 6PZ Bankers HSBC plc. 12 Atlhallows. Bedlord. Be(Ifordshire. MK40 1LJ Central Finance Board ofthe Meth￿lIst Church. 9 Bonhill Street. Lonthn, EC2A 4PE CAF Bank Limtted. 25 TrCITWS Hdl Avenue. Kings Hill, West MaI￿r￿J. KenL ME19 4JQ Custodian Trustees Trustees for Methodist Church Purposes (TrICP). Central Burfdings. Oklham StreeL Manthesler. M1 1JQ Page 2 ST NEOTS AND HUNTINGDON CIRcuir TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees pres8nt the￿ annual retKwl togettrEr with the finan(ial statements of the tharity for the year from 1 September 2024 to 31 August 2025. Objectives and activities a. Policies and obiethes The St Neots and Huntingdon Cir￿lt (14r25) is part of the East Anglia Di5trid of ts Methtyjist Church. The Circuit cJ)ntinues trj Fffovrde minithial oversight arxl past(¥81 ￿re of the MethL>Jist thurches in the Sl Neots and Hunb"ngdon area at Berkley Street (St Neots). Brdmpton, Buckden. Hilton, Huntingdon. Over, Ramsey, Sawty. St Ives a￿1 Wa￿0y3. Following the dosure of Eaton Ford chapel in January 2024. legal work eonkn.nued to C4)nfirm the correct details had been re(x)rded by the Land Registy and the property wds sohj in ￿1￿12025. Sale prO￿edS have been reflected in these accounts aThl Circuit officers continued to manage the finaniial affairs for Eaton Ford chapel throughout the year. The Circuit held an Away Day which provided a Gi)d centred. bible based and growth fwjssed opportunity for many people from our congregations and churches to connect. pray. dis￿$$ and dream together. to reflecl on. and infom planning for the future developmeth of the CircuiL The Away Day focussed on Paul's words lo Timothy- ..fan into flame the gift of GCMI..... 2 Timothy 1.. 6 to rekindle our embers, re-energise us and re-ignite our flames of falth. passion. and seTrice. disapl&s. we believe we are called to do many gcKJd things. but our PTtmary purpose is lo shine the light of Christ - to make Him known and so be bea￿n5 of hope. Fulfilling our Ptesent calling is not merely about dotng more, t￿1 ¢Joir¥J the right things. The Circuit believes that members are f2llwJ tL¥Jether by G¢xl to be Christ￿￿tred. discipl￿fOCUssed and Spirit- led. As part of the Connexional Methr￿lISt Churd). the Circuit's rcAe is to: increase awdreness of G(%J's Presen￿ and to celebrate God's love" help peotAe to leam and grow as Chrrstians. through mutual support and care. aThJ be a gcM)d neIg￿rt0 people in need and thallenge injuslice. Members and churches are ask&J to: PRAY before each meeting ar)d aCti￿ty (coffe8 momings th￿dren activitEs. fellowship groups etc}, offering to be a channel through whtth and MethcKJist Church Act (19761. Twstee app)intments indude: AJI presbylers stationed wihin the Circuit lex4)fficio} All supernuTnerary presbyt&r5 and dea(¥Jns within the Crrcuit {if ttw wish to be appointed as a trustee) I Circtjit Stewards. including the Circuit Treasurer and Chair of Manse Commtttee (If not a Circuit Steward) The CirLWtt Meeting Secretary. Circuit SafeguarthrwJ offi￿r. Local Preathers. Secretary. GDPR Champion. Methcrfjist Women in Britain repres￿lIveS and treasurers of Connexional FurKls and the Wi>rid Mission Fund Represefttaliv8s from each church wthin Ihe Circuit to ifKlude" a church steward. the treasurer and at least one church represeTtstive dected by Ihe Iwal thurch C￿n￿l. Churthes wilh over 50 members are eligibl8 to elect Imo representative rneMLE￿. Page 4 ST NEOTS AND HUNTINGDON CIRcurr TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structure. governance and managelnent (conlinuedl Organisational structure and decision4naking polici•s The Board of Trustees is known as the Circutt Meeting and meets quarterly to receive reports and discuss the Circuit's activtlies. Circuf( Meeting members c(mnpri￿ Circuf( offKers and representatives from member churches, as set ￿1 on page 1. Day to day responstbilrty for the paSt￿al needs of the Cir￿lt is del¥ted to Sup8rrntendent minister, presbyters and other members of the ministerial team. Cireuit Stewards exercise responsibility for propety and finance. alongside pastoral m￿Ls￿ to the ministers arKI their families and sharing £￿11ective responsibility and oversight for the spiritual and material well-being of the CtrcuiL d. Pollcles adopt8d the induction and tralning of New trustees are en(X￿[aged to read Chanty Commission Guklan¢e ￿ the responsibilities of trustees under ch8rity law and also to read and follow Ihe procedures set out in the Constitutional Pr8cb"ce and Discipline of the Melholist Church as well as undertaking training on Unconscious Bias and Equalty, Diversity and Indusion. e. Pay pollcy for key management personnel Stipends and 811owances are pa￿j to presbyters stati(￿￿ in Ihe Cir(￿tt tn accordan￿ with the rates agreed by the Connexional Allowan￿S Commtttee. PresbWers are only patd for their role wtthin the church and not for their r￿eS as charity twstees. Circuit Stewards arnl au other trustees act in a voluntsry ¢8pa￿ty and do not receive any remuneration. f. Flnancial rfsk management The TnJstees have assessed the maicK risks to the tharity is exposed. in partKxJlar those Telated to the rewtation, operations arKI finances of the ¢harity. aTKI are satisffed Ihal systems and procedures are in place to mib'gate exposL5re to the major risks wherever pwtAe. Onwing training in key areas helps lo rdise awareness of potential difficulties within the context of bcal churches and in the Circuit envrronment. and also provides opportunities to discuss ways of mitigatiThJ those risks wherever possible. The most signifi￿nt financial risk to the CiruJFk conbnues to be the challry of meeling increased costs with re(luced income folknving the cjosure of 3 churches in recent years. The Fyemises used by Methodist thurches in the St Neots and HUntin￿JOn Circuit are legally owned by the Trustees for Methodist Church Purposes (TMCP} bul the Circuit is enttlled to re(ENe a proportm￿ of [￿0￿edS from the sale of any church bijildings. £40.000 of capital receipts fmm the Sale of churth buildings has been used to support Ihe assessment contribub.ons from ongoing churches in 2024125 and, in June 2025. a commitment was made to making this an annual cornmitmenl for the following 6 years to enable Ihe cl￿11 lo maintain the current level of paid staff. All expenses continue to be dosety monilored to seek to ensure that Ihe Cirw( a￿1 the churches it supports. are a￿e to continue to operate effectively and effi(ienly. Page 5 ST NEOTS AND HUNTINGDON CIRcurr TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achlevemwts and perfornwnce . Main achlevements of the charity Generdl activtknes AEI ChU￿heS ￿thin the Circurt meet for worship every Sunday. a5 wdl as offwing other fellowship groups and activtties to enable pe￿e of all ages to meet togelher to explore the Christian farth. Some churches are able to offer liv&streaming of seryices and other events through Zoom arnl YouTybe ¥thich enables those wth digital access, who are unable to attend service5. to t￿Inue to share in w0￿￿1P. Written WL¥ship materials are also circulated to those who are unaile to attend access online events. Circuil actiwties continue lo be financed by contn"butions made by ea¢h of the member churches, as agreed on approval of the Circuit budgeL In 2024r2S assessmwl o)ntsibultons of £186,000 were requesled and a total of £186,415 was received. majority of CircJit experKrrture contIn￿ to r*te to Ihe costs of emplojiw the ministerlal team and maintaining four CirtsJit manses lone of which is oJrrenUy let to tenants}. In addition. the Circuit is required to contribute towards the costs of the East Anglia Distrid and the Connexional team via the district assessment and travel fund. The Circutl also oversees the training and development of Local Preachers, lay workers and volunteers so that theyare also abl8 to lead worship and lead the ktal dwrch ￿￿MunitIeS in their activi￿. Outreach Minis Pro Two children and families workers conthued to serve at St tves met￿Y￿st Church a￿1 Be￿IeY Street Methodist Church in St Neots througlFOUt 2024125. In a(£OTdance *rylh Meth(yJi5t gUIde￿neS. the Sl Neots and Huntingdon Circuit is the empk)ying bc#Jy for these appointmenl Both appointments are fixed term contracts, the St Ives appointment beir¥J financed by a grant from the Circurt and funds raised by the kM21 thurrh. and the St Neots apwintrnenl being financed by a grant from Ihe Easl Anglia District, the use of designaied Circuit funds and fvnds raised by the k)cal chur(*. In both cases, funds raised by local churches to finan￿ the oulreach ministry appointrnents are hekl within the Circuiys restricted funds and any unused fuThls wll be rebJme(J to those d)urches at the end of the projecL Both appowthients are rerKJrtiry grrNrth in the devwt of rn1￿ among people and their families. with the paid workers being suprKwled by teams of volunteers. Page 6 ST NEOTS AND HUNTINGDON CIRCUIT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Financial review a. Golng concern After maknng appropriate enquiries. the T￿￿teeS have a reasonab￿ expectstion that the chartty has adequate resources to continue in operational existence for the foreseeable luture. For thrs reason, they continue to adopt the going eA)n¢em basis in preparing the fina￿la1 st*ments. Further details regarding the adoption ol the going concem basis be fouThl in the acLXMJnting ￿1[CleS. b. Reserves policy An annual budget is prepared by the Circuit T￿aSU￿r and reviewed by treasure￿ from each of the churches %Mthin the Cir(#Jit, before betng presented to the Cirojit m￿ting. The budget provides for ministerial and administrative support eosts. Contr1t￿ticKbS to District experEes and an aN0warb￿ the Maintenan￿ of the circuit's rnans￿. Details of all CiruJFt reserves are set tyjt In rnte 12 to the finanaaF statements but the key reserves are: 1. General fL¢nd - the Cirwit aims to FK)Id an average of six months operab'ng expendihjre in generdl reserves, currently expected to be a minimum of £11)O.¢X)O. In 2024125, £32,21312023124 £87.7771 was transfeTred to the general fund from the Circuit Model Trust Fund. These transfers represent the contributs.ons of £40,000 per annum for 2023r24. 2024125 and 2025126. Similar transfers are eXp￿d to be made annually for the next 5 years in order lo pro￿de the neCe￿ry ¢ashfiLMI to support the curfent levels of activity. 2. Project fund - in prewous year5. ir￿orne from the letttng of the Rafflsey manse was set aside in a Projects fund to en8ble the Cirujrt to grant wpport to kJcal churches. In 2024125, lettings income was used by the Circuit to support its own ministy cosls. The balance of cash funds held by Ealon Ford chapel had not been finalised at the reporting date bLrt will be added lo the ProJ"ects fuThJ to increase the Circuivs capacity to supwrt other thurches. Other desKJnated funds are maintain&J f(￿ tho manses hekl as fixed assets tr) fa¢ilitata operational costs. such as manse repairs and maintenance. remowdl (xjsts and the benevolent fund. Principal rfsks and uncertainties The principal financial risk faced by the CircJJtt 15 un￿rtainty over future tevels of active membew5hip atHI fiJnding. The Circutt tTuslees have chosen to use 13pilal r￿ipts from the sale of chapels at Tempsford, Great BarforKJ and Ealon Ford to supwrt the (x)sts of three full-tirne presbylers as it seeks to reach out to new people and communilies. Our h¢)pe is that we can increase the number of members in our churches and secure the long-lemi financial commitments needed to continue the wort of the Methodist Church in this area, bul there is sn inherent uncertainty atA)ut the IoTVtenn future of the churrhBs within the Circuti and. consequently. the Circuit ttseff. The Circurys insurance policy ￿￿lUdeS butldirus irwrartce for the four Circurt manses. contents insurance for manse property belonging lo the CircuiL trustee indemnity Insuran￿ and pubh'c liabilty insurance. Page 7 ST NEOTS AND HUNTINGDON CIRCUIT TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 SLilement of Trusteos. responsibÈlitiOS The Trustees are responsible for preparing the Trustees. Rerth arnj Ihe financial statements in accordance wtth appli(able law and United Kil￿d(￿ Accounting Standards (United Kingdijn Generally Awpted Accountsng Practicel- The law aw)Itcable to charities in England & Wales requires the Trustees to prepare fina￿la1 statements for each financial year whith give a tn]e and fair view of the state of affairs of the charity and of ils ineoming resources and application of resour￿. induding its income and expenditure. for thal period. In preparing these financFal statements, the Trustees are required to.. sdect suitsble accounting FdKies and then appty them u)nsistenty, observe the methods and princirles ofthe Charittes SORP IFRS 1021., make judgments and accounting estimate5 that are reasonable and prudentr. stste whether applicable UK Accounting Standards {FRS 102) have been folknved, subj￿1 to any material departures disdosed and explained in the financial statements.. prepare the financial statements on the g¢yng concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping *Jequale accounting recorts that a￿ sufficient to show and explain the charitys transadions and disdose wih reasonable aceuraty at any time the financial position of the charity and enable them to ensure that the finanoa statements comply wlh the Chariti"e5 Act 2011, the ChaTFty (Accounts and Reports) Regulations 2008 and the proMsKins of the Trust deed. They are 81s0 responsible for safeguarding the assets of ￿ charity and hencE for takirwJ rea50naL4e steps for the prevention and detection of Iraud and other irregularities. Approved by order of the members of Ihe trM)ard of Trustees and on their behalF by.. Rev J J Bamber Superintendent minister Date: 11 March 2026 Miss E A Cracknell FCCA Circuit treasurer Page 8 ST NEOTS AND HUNTINGDON CIRCU INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Indepgndent Examlnerfs R8port to the Tn￿lee$ of St Neots and Huntingdon Clrcuft Cthe charity) We rewrt to the charity Trustees on exarninati(￿ of the aCc￿nts ofthe tharity for the year ended 31 August 2025. Responsibillties and Basis of Report As the Twstees of the charity ￿JU are responsibte for th8 wpparation of the a￿X)unts in accnrdance with the requirements of the Charities Act 2011 {Ihe 2011 Arf). We report in Tespecl of our examination of Ihe chariivs accounts (sNied out u￿ler section 145 of the 2011 Act and in carrwng out our examinatÉon we have folowed the a￿￿1￿ble Direct￿nS given by the Charty Commission under section 145{5Kb) of the 2011 ACL Independent Examinerfs Ststement Since the charitys gross income ex￿eded £250.OtM your examiner must bo a member of a bc¥Jy listed in section 145 of the 2011 Act We confiTm that we are qualtfied lo undertake the examination becaus8 we are a memkr of ICAEW. whith is one of Ihe listed bodies. Your attention is drawn lo the fact that the charty has prepared the accounts in accordance with Accounting and Reporting by Charities". Ststement of Recommended Prath.￿ applicable to charities preparing their accounts in accordance wth the Finanual Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102) in preference to the Accountiru and Reporting by Charities.. Ststement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has been wrthdrawn. We understand that this has been done in ffller fcy Ihe aCc￿nts to proyrde a true and fair wew In accordan( with the Generalty ALYWted Act￿ntIng prad1￿ effe(aive for repYJrtir¥J perN)ds beginniThJ on or after 1 January 2015. We have comrAeted our examinatM)n. We confirni that Th) matters have come to our attention in connection the examination giving us cause to believe that in any material respecl: accounting records were not kept in respeL* of the charity as required by sectyon 130 of the 2011 Act" or aC(￿unts do not accord ttrKJse re(tvgls". or the a¢xounts do not cornply wih the ￿l￿ble Wu1￿ments (¥Jnceming the fom) and cijntent of accounts set out in the Charibes lAC￿unts and Rep)rts) Regulations 2008 other than any ￿qUIrement that the accounts give a 'ln* ar￿ fairf view vthich is not a matter (r)nsidered as part of an iThlependent examination. We have rk) concems arkl have c(Kne acros8 r￿ other matters in connedion wtlh the examination to Nthich attention stk)uld be drawn in this rep(Yt n order to enable a woper understanding of the accounts to be reached. This report is made solely to the chaTrVs Tn￿lees. as a tKMly. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our 7thork has been undertaken so that we might state to the charills Tnjstees those matters we are required to state to Ihem in an Independent Examinerfs Report and for no other purpose. To the fullest extent pemiitted by law. we do not a￿p1 or assume responsibilty to anyone other than the charTty and the thaiitys Trustees as a b￿y, for our work or for this repoiL Signed.. Dated.. Carolyn Rossiter FCA Moor Chartered A(r￿ntants. Ruuand H(MJse. Mirwva Business ParK L￿. Petethmugh. PE2 6PZ Page 9 ST NEOTS ATr4D HUNTINGDON CIRCUIT STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 AUGUST 2025 Unrestri¢led Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Income from: Donations and legacies Charitsb18 activitss Other trading activiknes Investments 118.631 187,028 11.050 16.564 142.277 187,028 11.050 16.564 258.600 173.232 11.700 17,217 Total Income 333,273 23.646 356,919 460.749 Expenditure on: Charitable activi￿5 40.517 306.726 269.590 Total expenditure 266209 40.517 306,726 269,590 Net In¢omel(expondlture) before net gains on inv&stments Net gairts on lnveStrr￿nts 116.871) 50.193 191, 159 535 Net incomel{expendlthre) Transfers betsveen funds (16.871) 14.607 50.196 19t,694 13 (14.60n Net movement in funds {2264) 50.196 791,694 Ro¢on¢iliation of funds: Total funds brought forward Net movement in fvnds 1N10,n6 25.820 (1264) 1.436.546 50.196 1.244.852 197.694 Totsl funds carTted forward 1.463,186 23,556 1.486,742 1.436,546 The Ststemerrt of Finanual Adivibes int*Kles al gains aThl losses reownised in the year. The notes on pages 12 to 26 fom] part ofthese finan(ial staternents. Page 10 ST NEOTS AND HUNTINGDON CIRCU BALANCE SHEET S AT 31 AUGUST 2025 2025 2024 Flxed assets Tangible assets CuThont assets 10 999,500 999,500 11 17.215 29,892 452.465 Cash al bank and in hand 544.681 482,357 Current liabilities Credttors.. amounts f8Afing due wilhin year 12 {57.439) (45.311J Net current assets 487.242 437.046 Totsl assets less current Ilabllllles 1.48Q742 1,436,546 Totsl net assets 1.486.742 1,436,546 Charity funds Restricted funds Unrestricted funds 13 13 23.556 1A63.186 25.820 1.410, 726 Total funds 1.486.742 1,436.546 The finanoal statements were approved army a￿tt￿]Sed for issue bythe Twstees and signed on their behalf by. Rev J J Bamber Superintendent minister Date: 11 March 2026 Miss E A Cracknell FCCA C1￿1t treasurer The notes on pages 12 to 26 form part ofthese f￿1*KI8{ statements. Page 11 ST NEOTS AND HUNTINGDON CIRCU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General infornutlon St Neots and Huntinwjon Methodist Churth Cirojit 15 a d￿rity regrstered in England arNI Wales (charity number 11323381. The Circuit Offi￿ is based at Hun11r￿dOn Methodi* Church. 17 High Street, Huntingdon. Cambs PE29 3TE. Accounting pollcies 11 Basls of preparation of financial statements The financial statementg have bèen prepared in ac0)rda￿e vAth the Charltles SORP IFRS 102} . Accounting and Reporting by Chaiit¢es: Ststement of Recommended Practice applicable to charities preparing their aco)unts in accordance wbth the Finanaal Reporling Standard applicable in the UK and Republic of ITeland IFRS 1021 {effective 1 January 2015), the Financial ReportiThJ Standard appli￿ble in the UK and RewbJi¢ of Ireland (FRS 102) and the Charities Act 2011. St Neots and HuntFngdon Circuit meets Ihe definrtIL￿ of a wblic benefft entity undw FRS 102. Assets and liabilities are inib.alfy rewiised at hEtiytcal cx)st rx transaction value unless otherwi$8 ststed in the relevant a￿unti￿J rK>Iicy. The finanoal statements are pr￿par￿j in sterling, is the fvncaional wrrency of the entity. 2.2 Fund accounting General funds are unreslritted funds *thich are awailable for use at ￿ disuetion of the Trustees in furtherance of ￿ ge￿1 obpctives of chanty arxl have been designated for other purposes. Designated funds comprlse unrestrirted funts that have been set aside by the Tnjstees for particular purposes. The aim and use of each designated fijnd is set out in the notes to the finanaal statemerts. Resln"cled funds are funds are to ￿ used in accordan￿ ￿1h spwfic restrictions imposed by donors or which have been raised by the charity for particular PUTposes. The LX)sts of raising and administering such funds are chary￿1 against the specffic fund. The aim and use of each restricted fund is set out in the notes to the finan(¥al ststemen Investment income. gains kJ&8es are arL￿ated to the apycyiate fund. 23 Income Atl income is recr•3n￿l Or￿ the charity has elllitlem￿t to the income, it is probable that the income bwll be receiv8d ar¥J the amwnt of income r8ceÉvable can be measured reliabty. 2.4 Expendiiure Expendi￿re is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, rt is probable that a trdnsfer of economic benefits Y￿11 be required in settlement and the amount ofthe otAigation be measured reliably. Experyjiture on charilable activities is in(JJrred on direcuy undertaking the aclivities which further the charÉWs (i)ie6tves. as well as any a$s￿la￿ SiSPFK*I (xjsts. Page 12 ST NEOTS AND HUNTINGDON CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounung policies lcontinugd) IA Expenditure (continu￿) Grdnts are recognis&l ￿ full onc* ttwe is a kgal or ￿n$IruCti¥e obluation to transfer economic benefits lo a third paty. Grants offered subject to condrbons which have not been met at the year end are noted as a commitment. Ixrt not accnjed as expendI￿re. 2.5 Interost receivablg Interest on funds held ￿ deposil is 1Th￿Uded wh8n receivable and the amount can be measured reliably by the charity., this is normally UkK)n nobfication of the u)terest paid or payab￿ by the institution whom the fvnds are deposit&J. 2.6 Tangible frxed assets and depreciation Tangible fixed ￿ets are initially rec¢JJniwl at ￿tst. net of any pyovlsion for ￿paIrMent. The charitys onty assets are the four manses whith are induded al histortc cost and held by the Trustees for Methodist Churth Purtx)ses ITMCP} as custLwJian tnjslees for the Circuit. No depreciati￿ is provided cm the buildings because the trustees consider the ￿$￿lU81 value of the anses lo be not less than cosL The manses are regularly inspected and there are no indication$ of impaimwL 2.7 Investments The investments of the Cirujrt are held by the Trustees Methtsjist Church Purposes ITMCP} as custodian trustees. but represent sl)ort term cash deposrts and are. therefore. induded as cash at bank. The v￿uations, at market vakne. a￿ those provided by TMCP. The unrealised gains arising on investments at the end of the year are shown rn the Staten*nt of Financial Activtties. 2.8 Debtors Trade and other debtors are recc*Jnt￿ at the setdement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand indudes ￿$h and short-term highly14quid investments with a Short maturity of three Tr￿nthS or less from the date of acquisition or opening of the depost or similar account. 2.10 Liabilitles and wovislons Liabilitses a￿ ￿Cognis￿l Vthen there Fs all Ot￿lgatiOn at Balance Sheet date as a result of a past event. tt is prOba￿e that a transfer of eConorn￿ benefit will be required in settlement, arkd the amount of the s&ttFernent ran be estimated rdiably. Liabilities are reCA)gni￿1 at the amount that the chty anticipates it will pay to sethe the debt or the amount il has r￿E1ved as advanced payments th& goLhJs or services tt must provide. Page 13 ST NEOTS AND HUNTINGDON CIRcurr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (continued) 2.11 Pen$ion$ The charity contributes to the MethLxJist Minist8ts' Pension Scheme. a defined benefft scheme for the benefft of presbyters stationed wilhin the ClrcyJ￿ It is not possible. in the normal course of events, lo identify on a consistent and reasonable basis. the share of undetlyng assets and liabilities belonging to the St Neots and Huntingdon CirLJJil. As a consequence. the chanty ac(£)unts for this scheFne as rf it was a defined contrtbufion scheme and the arrNJunt tharged to the Statement of Financial Activities represents o)ntributiOns payable to the scherne in respect of the accounting peri¢)d. The charity also operates a d&fined contsibutK)n pOnS￿n scheme for the benefit of lay employees whh¢h is administered by the TPT Retirement Solutions (formerly krK)wn as The Pensions TTUSt}. Contributions payth in respect of Ihe acu)untsng Kwicmj are charged to the Stalement of Financial Income from donatlons and legacios Unrestricted Re$tri¢ted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations Berkley Street MethrNJist Churth Sl Ives Methodist Church Great Barford church Tempsford church funts Capital receipts Sale of Great BarfcKd chapeE Sale of Tempsford chapel Sale of Ealon Ford chapel Grants 6,(￿0 1, 750 16,911 4,655 8.0(K) 8,000 67,950 132,757 112.608 112.608 East Anglia Distrid {St Neots) Benefact Trust (Huntiwnl Sawtyl Other donations 4.650 4650 3,824 9,300 Wortd Missvjn Fund Connexional Funds GeneTrl donalicMIs 2,922 8,074 2.922 8.074 Q023 3.078 11,630 745 118,631 23.646 142.277 258,600 Total 2024 223,018 35.582 258.600 Page 14 ST NEOTS AND HUNTINGDON CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Total funds 2025 Total fvnds 2024 funds 2025 Assessment Events 186,416 612 186,416 612 173.232 Totsl 2025 187,028 187.028 173,232 Total 2024 173.232 173.232 Income froffl Other trading actlvll Income from fundraising events Total funds 2025 Total funds 2024 funds 2025 Lettings income 11.050 11.050 11,700 Totsl 2024 11,700 11.7(K) Investsnent in￿rne Unrestricted funds 2025 Total funds 2025 Total funds 2024 Interest received 16.564 16.564 17.217 Totsl 2024 17.217 17.217 Page 15 ST NEOTS AND HUPITINGDON CIRcurr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Anatysis of •xpgnditure by activrti The Cir(>Jrt is considered lo have rme a(*vity Lxrt eX￿dtti1Te has been grouk*d under lour headings, to separate expendiiure ac(x)rding to income streams. Circuit Ministy is funded by the assessment, Outreach Ministy by knl churches and Thstrict grants. CMTF Grants from reserves and Connexional Funds from speofic donations which are administered centralty by Circuit officers. undertaken directly 2025 Tolal fvnds 2025 Total fvnds 2024 Circuit Ministy Outreach Ministry CMTF Grants Connexional Funds 266.283 29.447 266283 29N47 222.220 26.682 6.000 14,688 10.996 10.996 306.726 269,590 Details of the actual Lx>sts In￿rred are shown in the folowing ￿)te. Page 16 ST NEOTS W4D HUNTINGDON CIRcuir NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of oxpendiivrg by activi￿ (oxrtinued) Analysi$ of direct costs Clr¢ult Outreach Ministry Ministy 2025 2025 Conn•xlon- al Funds 2025 Total funds 2025 Total funds 2024 CMTF 2025 Staff costs District Assessment MethLKJist Church Fund Telephone Travel Utiltbes Maintenance or manses 146.146 29.447 17S593 168.057 44059 42,935 10.936 10,996 5.805 8.425 13.968 14,688 7, 724 6,335 13.989 5.805 8.425 13.968 28.426 1.075 28.426 1,075 4,977 Grants Contributions to DistrKt Advance Fund Removal expenses Mi￿113ne0￿S expenses Training costs Apprenticeship levy Barkk cha Legal fees 6.197 6.197 1,410 4.131 1131 3.780 3,780 350 2,61t 711 667 190 197 3.020 266.283 29.447 10.996 306,726 269,590 Totsl 2024 222.220 26,682 14.688 269,590 Grants lotalling £1.075 comprise £515 funding for "l am mar￿ event held at Huntingdon Methodist Church and £500 given to St Ives Methodist Churth to support the cost of extemal works. both ot which were taken from general funds. In 2024. a grant of £6.000 was given lo Sawty Methodist Church. from the CMTF, Iobydrds the costs ofthe ￿teSt stage of their building and development project. Page 17 ST NEOTS AND HuimNGDON CIRcurr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Indop8Ddgnt &xaminerfs remuneration No fees have been charged by m<￿ for the Ir￿ eyAminatMM of the acA￿Unts. Staff costs 2025 2024 Wages and salartes Social security costs Pension contrÉbuiions 142.091 13.317 20,185 132.854 10.306 24,897 174593 168,057 The average number of persons emplo￿ by the tharity during the yew was as follows: 2025 No. 2024 No. Presbyiers Outreath workers Administrative staff The averdge head¢xJJnt expressed as tulktime w4uivalenls was: 2025 No. 2024 Presbyiers Outreach worker Page 18 ST NEOTS AND HUNTINGDON CIRcurr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Staff costs (conlinued) No eM￿oyee re￿[¥￿1 remuneration arrK￿nts￿ to more Ihan £60.fYXI in either year. Circutt Stewards and other trustees are all voluntary rx)stiions. but reimbursement of mileage and other expenses incurred on behalf of the tharity may ￿ d￿Med from the CÉrcuit. As presbyters are members of Circust Meeting, they we also trustees of the charity. Presbyters receive a stipend and the benefit of work-relaied aco)mmrMlabon through the provssion of a Tnanse. in ￿spect of their work for the Methc#Jist Churth. No remunerab'on is paid in respect of their positron as trustees of the charity. Remuneration paid to key management personnel {indudirwJ pe￿1(￿ (x￿tri￿XJtionsI during the year amijunted to £125.875 (2024 £122.T19} paKI to 3 full time wesbyter 10. Tangible fixad assets Freehold property Cost or valuation At 1 September 2024 999.500 At 31 August 2025 999,500 Ngt book valu At 31 August 2025 999.500 At 31 August 2024 999,500 Debtors 2025 2024 Due within ono yèar PrepayTnents and acuued Inc￿Me 17.215 29.892 Page 19 ST NEOTS AND HUPfflNGDON CIRcurr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11 Creditors: Amounts falling due within one year 2025 2024 Accruals and deferred income 45,311 Deferred incomg represents circ￿r£ aSsesS￿t o)ntributions r￿1Ve0 in advan￿ totalling £46.262 (2024 £42.642). 13. Statsrnenl of funds statemenl of funds- current year Balance at 1 September 2024 Balancè at Galnsl 31 Augusl (Losses) 2025 Transfers inlout funds Deslgnated: Manses Manse repairs Removals 999.500 16.058} 7.000 10.368 9.800 (28A26) (4131) 12.000 1.331 Outreach - Bethley St Outreath - St Ives 11711 {1.7591 12,952 (48} 9.246 713 Benevolent Proiects Youth fund 35.634 35,634 146 146 1.080.155 146 {32.692) 11,524 1.059.133 General: General CMTF 156.634 173.937 209,975 123.152 (226.755) (6.762) 13.582 (39.713} 153.436 250.617 330.571 333.127 1233,51n (26.131) 404,053 Total Unrestricted fvnds 1.410.726 333273 1266.209) (14.60n 1.463,186 Page 20 ST NEOTS AND HUNTINGDON CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Statsment of funds (conttnued Bafan¢e at 1 Septembor 2024 Balance at GainvJ 31 August {L05ses 2025 Transfer5 Inloul In¢ome Expondlture Rest￿cted funds WMF Connexk)nal funds Sl Ives- Churth 1922 12.922) 8.074 (8.148) 115.095) 165 2.837 Berkley Street- District Berkley Street- Church Huntingdonl Sawty. Benefad Trust 4650 (4.650) 2.000 12.097 (14.352) 11,509 9254 9.300 21820 {40.51n 11607 23.556 Total of funds 1.436.546 356.919 {306.726) 1,486,742 Page 21 ST NEOTS AND HUNTINGDON CIRcuir NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Statemenl of funds (continued) St*ement olfund$- prior yoar Balance at I Sepfernber 2023 Balance al 31 August 2024 T￿nSfe inloul Gain (Losses) Income Expenditure Unre5trided l)esignated: Manses Manse repairs Removals Oulreach - 8erkley St Outreach- St Ives 999,500 10.368 9.800 (4,97T) 12.000 1.400 21.201 (6.490) 74,711 9.133 958 7.649 14.068 161 9.294 BenevcAent Ministy Projects (110) (7.649) 21.566 35,634 1,064,254 (5,087) 20.988 1.080, 155 General- General 111,620 50.631 2W.209 (215,655) 224.958 (7,410) 60.460 (94.T77) 156,634 173,937 CMTF 162.251 425.167 (223.065) (34.317) 535 330.571 Total Unrestricted funds 1.226.￿5 42&167 (228,152) {13.329) 1.410,726 Page 22 ST NEOTS AND HUHTINGD014 CIRCU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Statemgnt of funds (continued) Balan￿ al 1 September 2023 Balance at 31 August 2024 Trdnsfprs I￿out Gains/ (Losses) Restricted: WMF 1078 (3.078) Connexional funds St Ives- Churd) Berkley Street- Dtstri Berkley Street- ChIJ￿h Huntingdo 87 11.630 1.750 (11,678) (13.679) 39 2,384 7.474 1824 (3,824) 8.786 (13.W3J 10.314 12.097 Benefad Trnst 9.3(Ll 9,300 18.347 35,582 (41.438) 13.329 25.820 Totsl of funds 1,244,852 460. 149 (269.590) 535 1.436.546 Page 23 ST NEOTS AND HUNTINGDON CIRcurr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11 Statement of funds (continued) Unrestricted - Dasignatod Funds: Manse FutKI - the manse fund represents the value of the Circuifs four manses, hehj by the Trustees for MethcMJÈst Church Purposes ITMCPI as custodtan trustees. Manse repair Fund the manse repair reserve ensures that fund5 are available for repairs and maintenance. s¥hen the need arises. fuTh1￿1 by trdnsfets fr￿1 genwal ftmds. Removal Fund - the removal reserve ensures that funds are available for the Circuit lo pay removal expenses and the rek*alion allowan￿ for ministers ioinirrfj the Circuti staff. fu¥￿ed by an annual transfer from general fijnds. Outreach Ministy- the cIr￿￿t transferred funds frDm the Circuit Model Trnst Fund ICMTF} to support the cost of outreach workers in the Circutt. These funds have been used lo support the children and farnllies W0￿er apK¥)inted to Berkley Street ￿ethC￿l$t Church in St Neots and St Ives MethLxltsl ChuKth. Benevolent Fund - the beneV￿ent furKJ is available for use at the itiscreticm of [￿esbyte￿ and Circuit Stewards lo help anwne in need across the CircuiL Ministry and Training Fund - surplus funds arising from the differertt bets¥een planned and actual expenditure on stipends and 18y emrdoyment were transferred to the ministry aTid training fund in previous y8aTS and relgas&1 to pay for lay and ordaned staff u)sts. The fvnds wer8 fijlly utilised in 2023124. Projects Fund - net income gen8rated by lettirMJ of the Circuivs spare manse has been uedited to the projects fund in prewous years. to enable the Circuf( lo show its support for kncal thurch building and other projects as the baEance u>mmitted from ts CNffF became depleted. In 2024125, lettings income was used to support Ihe Circuit's adivii Unrestricted - General Fund5: General Fund - fvnds hekl in ts wral reserve are free availab￿ to Ihe St Neots and Huntingdon Circuit that have rbjt been deswJnated fcK any specffic purpose. Circufi Mcrfjel Trust FuThJ ICMTF)- the CMTF conlains WDceeds from the sth of properbes belonging to the Methodist Churth in the Sl Neots and Huntingdon Circuil and is onty available to SUPPOrt Projects undertaken within the Circurt. App4i(2tions for CMTF grants are made to the Circuit Leadership Team so that the level of funding can be assessed before a deasion is made by the Circuit Meeting. Cuffent commilments from the CMTF are shown in note 15. Restricted Funds-. Connexional Funds and WoFld Missron Fund eNMF}- the Circuil (x)Ilates and forwards ￿ntribUtionS from local churches to Connexional Fuvmts aThJ the World Mission Fund. Annual statements are prepared for the Circuit Meeting detsiling the contribu11r￿S made by w￿l¥IdUal thurthes arKI the totsls passed on to the appmpriate organisations. Sl Ives - the CiruJit is the empWrvJ b(*ty for the chiFdren and famrfies outreach W0￿er in St Ives. The church contributed a fvrther £8,000 towards employinent ￿$ts and received a contribution of £7,548 from cIrL￿11 fun[￿ Totsl salary cost of£15.095 have been char￿1 to the restricted fuThJ. Ber￿eY Streel, St Neots - the Circuit is the em￿0Y￿ bLMty for the chiklren and families outreach worker at Berkley Street church in St Neols. The Cir(JJtt received £4.050 of district funding towards this post and made a conth"buts"on of £7.459 from Circuit funds tOW3tds the salary cost of £14,352. Page 24 ST NEOTS AND HUPtnNGt)ON CIRCU NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Statement of funds {continued) Huntingdonlsawty - The Circuit received a granl of £9.300 from the Benefact Trust in the previous financial year as a o)ntribution towdrds the woposed ￿$ts of employillg a woneer outreach worker at the Huntingdon aThJ Sawlry churches. The Circwit and the East Anglia District have tM)th COTnmitted funds to the project and a new worker was appoinled from 1 October 2025. 14. Analysis Ot assets bet¥rnon funds Analysls of net assets betwewd funds . trJTrent year Unr•strictsd Restricted funds funds 2025 2025 Totsl funds 2025 Tangible fixed assets Current assets 999.500 544,681 157,439) 521.125 (57.439) 23.556 Creditots due within one year Totsl 1.463,186 23,556 1.486.742 Analysis of net assets between funds- prlor ￿ar Unrestsicled Restricted funds funds 2024 2024 Totsl fvnds 2024 Tangible fixed assets Current assets Creditors due within one ￿ar 999.500 456,537 (45,311) 999,500 482.357 (45.311) 25,820 Totsl 1.410.726 25.820 t.436.546 Page 25 ST NEOTS AND HUNTINGDON CIRcurr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. At the reporting date, the Circuit hal the foN(wry rA)mmitments from cIKrF.. Buckden Methodtst Church £5,000 {2024 £5.CK)01 towards the (x)sts of instslling glass dwrs Ramsey Methodist Church- £5,000 (2024 £5.IY)O} for their buitding project Sawty Methodist Church- £12.400 {2024 £12.4(K)I fortheir buiklin9 prqect Circuil Outreach ministy p¥oiects - £nil (2024 £7.126 whith was wilhdravm in 2025 for th8 St Ives outreach worker) Circuit core costs - £200.(MIO 12024 £112.2231 comrntited to be used for the Circuivs core employment costs over a 5 yEar period. £32.223 SYdS ￿thdraWn in 2025 and a further allocation of £120.000 was made to confim the ongoing ministry costs for the next 5 sears. 16. Related party transactions During the year the tharity continued to employ thse fawnity members of Iwo trustees". Mrs E Withafn. wife of Rev N Wilham. one of the CiKrwrf( presbylers a￿1 a charity trustee, was emplO￿d as the Chiklren and FamIl￿S worker in St Ives Methodist Church. Ill the year ended 31 August 2025 the total reTnuneration lin(4udiw employer pension and national insurance contribubons) paid lo Mrs E Witham was £15,095 (2024 £13,679). Miss A Cracknell, SFSter to Circurf( T￿8$u￿r. was ￿pI￿d as the Children and Families worter at Berkley Street Meth¢Ai5t Church in St Neots. In the year end￿1 31 August 2025 the total remuneration {induding employer penstrm and national insurdnce contributions) paid to Miss A Crad(nell was £14.352(2￿24 £13.IJ)3). Page 26