Clrcult Accruals Account$ 202&2025 THE METHODIS I CHliRknki REPORT AND ACCOUNTS IA￿￿1 METHODIST CtRCLIIT ANliUAL REPORT I'EAR ENDED31 .4IGI:ST 2•25 The financial sts*ments hatre been prepa￿d in ￿C0￿Ce with the accounting ￿11¢1¢5 sd oui in th¢ io chariiies prqéring iheir a¢￿Unts irb accordance *ith the Fin•n¢iat Re￿nIn9 ¥plic•bl¢ in the I5K and Republic of Irelwjd (FRS 109) lefftc¢tve l JaDUaTh ￿19 l. Rekrt•te •Ad ￿￿lAI￿tive det*lls ofthe Ch*rltw. its Tr￿￿*￿ Amd Adv4wrx NArnr. Hull IC¢tttye ￿ We<) Method1￿ Ciniht Reoi5ter•J ch*itw numl%r. 1132962 Priticipal Olyicv. Circuit Office ¢0 Bricknell ATheM￿ Chw¢h 277 Bn'¢kn¢ll .4￿en￿e HUS 4TJ Mini*eTS'. Revd. H Ilick5 Revd. C Sutherby lA￿ ÈAY P&sws: MT P Vince Mr5 karen Clark- 25 July 7125 S fJTtrn- Sts)iorto 11 4uguo?O?4 Mr S Hick50n- Senior from I September 2025 MT T Baker- from I S¢oemiXr_￿24 tss G Daih, . fmi I Seomber *0?4 Mr J Sherknerds( Mrs R sh￿ . I Septanb¢r 2024 Mrs S VÈn Tw5wes'. All the aFKJv¢ are 85 arc membL75 of the Circyti A rth. li&ofTn%*¥s o av*iR*ble from the Circuit OfficL Cireuit iAV &aff.. Mr P Ki￿Y IFIWKE Officer) Thilk¢s (Circuii Offi￿. Satr¢8wdiry d¥vJ (xkni AdvisoTS:_ Bankers.. HSBC Bink ￿¢. 63 Ilarkr Btstrlv. Ea￿1.￿￿81111￿ Fi IT &4L CAF Bank 25 kio¥s Hill A¥'ethue. Kin85 Hill. W¢si Mallin& Kent ME19 4JQ HLILL (CENTRE .4ND WEST) METHODIST CIRCUIT ANNUAL REPORT YLAR ENDED 31 .4IGLST.•fjJ Irfjniwd) I Str¥¢tur& ¢overBxB¢e #Dd Ma￿#*￿¢￿¢ Sts¢tffltDI of Tr•ste41' rnspo*y6bllitiu: Charifv law rtquires th¢ TnLts ￿ prcwe financial stattmts for eath financial ye4r whith giv¢ and tair view otr the swe of athirs of the Charity and ol ILS financiok •LXi*itie5 for that wbyj. its Ind liabilities ai the end of the periiyl and *qyBtely distin8uish any Ma*r1￿ wial InLSt or Mak¢ judgcments and e￿lm￿t5 are reawnable and PTudeni: gnd RerMlrtin8 bi. Chariiies and the.4¢¢ouniin8 R¢Bulations and with applicable Aec(wntsng thai th¢ charity wi15 coniinu¢ in operati￿. irf41 Jiud ￿mIlli51T4￿¥e inform*floD The 8overnin8 t¥>dy of thc Circuit is th¢ Meth¢Jdisi Church #E)d the goi'ernin8 b(￿Y ofthe M¢thodi51 urEh is CottterenE¢. The CiFEuif s W¥¢rniD¥ ar¢ the Drtd I'ftion 1931 *MI the blethodim Church Act 1970 which give the altthortt) undw vihT¥th the MrthcMJist Thur¢h xts. The The Cirahsl isa Reo¥4tyed c1w1￿ number I I3￿• Tr¥sleei The Trustre5 tr)mryi5e the Mini5teTS and Cir¢uil Stewwds who are list¢d ¢Jn page l 108rfher with other Tht principal •ddrtsses of the cir￿E1.5 advisoTS are listed on pa8e l. The Circvil Sitwards aft rc5wnsible for lh¢ dasiled examination of the finwKial stsicments dnn to thtCirtu# M¢¢till8 thi5 theci￿Ul1 FiftaDLt Offi¢¢r. TheT¢ ¥e 17 kxal which CircuiL including ? whith Jrt d¢si8Mtrd a5 a cla55 of another church and l. which 8rr in Local E¢ttm¢nie￿ Pwmership5. Th¢ c1￿1[L th¢ YoEkthitt wb*lx 15 Of* of*J Disrricts ofthe ￿ethOd*￿ ChLwch in Greai Briuin. TrginI￿ fN IS availthle via th¢ Distrid inft¥ft*ion is a150 avai18ble on the Meth(NJisi website. the ¢ntitled"ConMiiuiionaJ Pracis¢¢ and Discipline of the IAethodisi Church" under lh¢ Meaing and (th¢f relaied wmniiu¢¢ The day io day w)licy and managemeDi of th¢ Charity is led by the Circuit Laq5hip T¢am compri5inB th¢ Circuii MeetiD¥ whith is th¢ Tnoit) deci$ion-mokinB body. HIILL (CENTRE AND WEST) METHODIST CIRCUIT ANNUAL REPORT I'L4R LYDED 31 .4I'GL ST 201$ ((••tsvd Ifinn thai ￿'S1¢M$ have been estsblished ￿ en•bl¢ re8ular rqKMtsto b¢ wojucal so th* th¢ n ean be taen to monitw thrsc risk5. With Teqgrd ￿ i*sues of safe0￿1￿￿ the CinJit emplovs 8 Safe$￿08 Offictt Wh￿ guid*K¢ ovided by ihe meth￿11$1 churc￿ ensu￿5 the llLf¢5W Uatning are wtThid¢il and tha i ite is followed. The Cir¢uii also emplo¥s a W. OtTkcer. and risks as5￿181¢d with the care a¢¥1 folhw*L 3. fiBxDti*l Revlew Chr¢uii Aceourts include the following two unytstrithed fimds.. for opmtionAI ￿ 5trnw¢ pyfwses arc handled. Ib) %ifiNJti frust Fu￿1 whiLh rec¥Trts tttc Lif diyJ*d.4LwdJLs and lon ired. Surplus funds ¥e uscd for mbkin8 8rarbts io local Mdhodi& thurches OT 4yo¥ed pft)je¢ts >cek ￿ tiiltil Ehe mi551￿ 1?f th¢ CIFLI1iL In &Jditi(xi. there sre thrte rewicted fiu¥Js which are for swifie alw of (*urv&h. Th¢tr a dEfiCii on Grnthl Ae¢ouni for the v•ar of £60A51 I_￿?4 £16.79.1). This was mainly the rewh of a twther tall in 1wJ￿ P[￿ ift ap¢ndiUtr¢. W'e wrti¢ip* 8 Similar Wb#aWi￿ d￿r￿li. ?5126 and we will ne¢d to draw wift on our Model Tnlrt FuThd. Ow Model TTr1￿ Fund h&$ been (kplued It is th¢ wlicy of Charity to hold 5u¢fJ¢ient Tt5¢T¥¢S io provide working for its contioued Permweni ETrJowment of £3.6041?024 £3.5131 aTrA re51fi¢Led funds W¢8llin8 £74 {?0?4 £1.006I. The unrrthtrd fiNN15 L7V4 '"11?￿4 i￿.￿.¥&>1 and pvpoTh. wotk of th¢ dwity al £1.971751120?4 £1.691.751 I leaviny unrestricied liquid fwKls of £731.4701?0?4 £V.141.1_ry. [n Thrt?rtp•d*wJrt &)LIX54 IJL?4 Lg7.7961•1 th¢ y¢ar-end. 4. Public BeA¢fit St*temeRI The Trusttts wish to th31 have complia wilh the in ￿￿110n 17of the Charities Art 21VTr I haN¢ due qtsid*kY publ¢sh¢d b¥" the c1￿1Th CooTrtTr)i￿ort in tewi of wblic knefii in ex¢r¢ising their ww¢rs end duties. Thev have dont so via a daail¢d sy*¢m ol ch¢¢ks aw¥J bslaTKY> imi)hing regular f¢¢&•ck to th¢ Circubi %trd5n4 through ensuring thai acTiens decisions m•de are always in a¢¢ordance with the Constiiutional Pfaaiec and DI￿[plIne ot ts Il¢trnliM Chillrh. S. Objeetives •nd Aims The primary ￿T￿ls¢ t.or which the Clwi'ry is athanLX mi$5irn ofthtclumrk T*phi¢al Hrt4 it ¢ov¢rs which wrnprises the ¢wtre and west of Hull and the towns and vill•8e5 on its Western outskn"ns. The lirciiii"5 MissKm PolKy ¢xtsr. HIILL ICLNTRE .LND WESTI METHODtST CIRCLIIT AN￿uAL REPORT 4R LYDED 31 .4IIGI ST 29L4 (¢••*td) S VbJ"tttiY¢s ••d Aiiw Icoiiiimlledl "We bel￿￿ thutwe are cdlled be ￿n1-I¢d M'iih a 1*ortforJesMsaThlopa%5ionfv Thi¥ helwj'5hd￿.4 tl¢¢LfiOn our17s1￿￿ttd oll(Y1411tyn uJ'r*r rvsowrt oThlleads io idenrifi. (Mrkn'prioriiies for mission. As 4 C"imiii we M'ill seek fo SUP*￿a￿dres0￿C¢ 'urk whii'h Tr*e15 urmure thgJiAI(Thing d¥JeLm*5. whdi cm eiil¥rcknh w&i•twii I￿.. al Mokn'n% thciples andgri)M'in% in d￿L'1P1¢Ship ¢1 Iniliotives m1ssioTrskn￿d ￿￿131ry d) ei Wort M'iih fomilie& i'￿￿2PeOple a#d¢lllldren th￿oIder￿P1¢ Jj Re￿hing gj Building comnninin'¢oh¢$ion' The Circuii provide5 OPWrtutSitics for churches to w¢yk iogaher end suprxirt e4¢b othcr. by off￿1￿8 them Tr Circuit serve5 the I￿81 churche& the Distria ond the Conleren¢¢ in the deploynKnt arml 0¥¢r4h( of th¢ tNiRisrKs ot th¢ (fvurcb. and progrwm¢strf trdinin¥. Obiettiw The of the MahodiA Chwch arE Ind SWI bt deemed to h￿¢ been 5iDCt the De•9 of UThion 1931 the advanc￿e￿i of a) ni¢ ChtiAithD faith in #¢¢ An) purF4)5¢ for the lime bei¥vJ of 8ny thwity being • clwty SLEbsid1￿ or 4Dcillary to Ihe The Cir¢uit produce5 a quarterly prwhing plan 10 ensuTe regular public octs of wJr5hip take place at each th¢ for it kn5 ther5￿bL E&-h Tthhi¢bJai w"ibilth for organi￿￿￿ its r¢8ular a¢iiviiic5. In ￿ditiOn (xc4sional ev¢m& athiviti¢sBnd ￿ of WLYsbip 8r¢ OT8anbs¢d on aCir£uit b45i Ve*rh. objtttives To fa¢ilitsie the iixal chwdKs io enabk them to ¢ontinue ts Christion plxe5 of W(￿ShiP where all are To provide resou￿¢5 10 enable churches to Tta¢h io the llxal comrnunity aT¥J to pwsue the To c¢)ntinue io d¢velop leadu5hiw governaDce aFMI management within the Cir¢uiL I￿•8 term obj¢¢tiv To (level￿ An inttrt&sed swareness of the Chrwit. its and i)pportwiitie51m0n￿ loc41 To in¢reLse th¢ i¢)volvem¢DI of lay minislry in the life ofthe Thurch. T(Tr ensufe the best us¢ of re50urtts in terrn5 of pctsonnel. and propffjty. To t) plannTn HIILL ICLNTRE .LND WFST) METHODIST CIRCIIIT ANNUAL REPORT YEAR ENDED 31 ALGI'ST 29J (eo•tk••ed> C ircuii L¢adethip"Te¥m meatll8SW Lx)nsider mattcF5 viithin the fir¢uit and ￿ se¢k th¢ wa) frmvard. Itt addttioth the Circuii Stewwds aim ￿ send a reprts¢ntslive 10 all Church Council me¢un8s of local h[￿¢hes. (kn a quart￿ b4515 the cirtull.YL￿nS ts held whaE wrp)ns art all as ¢Jecisions are m•de. The Ftlieve thue are stron8 finaTKitI cot)trol$ in F￿llion. GrxAt Thaki￿ ￿lkY fjrdnts ar¢ awarded to sdjemes and projeus wlxnitted by thr chwthes Vjhith nx4 lxrnin Thes¢ ￿hernes and pYojed8 can be eith¢r for the develOpn￿l of Mis%hon and Ministry Proi¢cts or for l*operty ScheTE*S. The ￿ndaM￿la1 rtywwemeni Is thNE the ¥Tanis Wbll the m555K￿ Obj￿ti￿¥S ol'¥x thr Circuit and the Ird thurth io be met. (k¢a5iOt)a11% 8raDi opplic*ionsio oU￿lde bodi¢5 are appTov¢d whvt it is considered that th¢T work is in linr tht C i￿Irt"s rni55w obieth"Ne& .411 rn appli¥*iCn5 I￿ scnrtinTrsed by the approtyiate Ckrcuii offi¢ets and wroval is ¥iven by the Chr¢uit Lx4d¢tship Team hith has d¢le¥ai￿ FKrners. Exteut of tke ￿ of wol••tttr4 in *eki¢willg *i•$ 'olunteets •rt involv¢d in 811 of ihe work ofthe CiNiit aYMI I￿1￿1¢ Ixd Preth who rt8uIthy kad worship. Circun Si¢weYd5 and crth¢Th adrnitt1stratsi¢ •1 ljold ryt5¢ty•¥e roks. The leY¢l of on voluntary workers within the C.ir¢uii is extr¢mcly hi8h. 15 it 15 in any C"hurLh Scveral of elvJrd*s continu¢ to stru8gk ￿ Yecovtt frnm th¢ curtailment of their 8c¢ivities during thc Covid pandtmi¢. ThÈs ha5 impaLttII fft ththT at¥J rrJmVS mr•* have Iwt to Tedu¢¢ their SUp￿rt ￿ th¢ CircuiL Neverthel￿ oppjrtuniiies have èriscn for ¢xploTing new otr 7Trth5hippmi a￿4 iiiiTM￿lIY JMJ beino m* of lethnolo￿ io bro&dca5t ser¥i¢es. (kn local churches ha*¢ wrtati•f**•t.kn more closely iogaher aThJ ¢Kplore ways irt which they sharc r¢wLEfccs and plan ahe￿1. supwned by fr4Mn iM)th the Circuit and Dtstria. Proj¢¢i work ￿ 5dby pus¢d ￿ wa% y<¥ th• wi¢¢t clear mhssional aim5 aThd obje¢iive& howewer. the fellowshkp gmups and worship conunues and the b￿lidit￿ is U5¢d b) is a o(Ckn"ts il 1410.9931 978.411 567.418 -3 378 92 -131.499 3.512 2,839.398 3,604 2,707,899 74 Trw•tr 1.979.gD9 l.YYP.Kfj 1.695.034 2643 tJ71. Tl276 9.¢3) IJ rM¢p 5S7.785 15.626 7&2$4 7M 121.745 74 14 711714 ,131Jll 1747. 17Q4￿1 74 12 ?J5. HULL l¥£pfi RE AND WEST) CIRCUIT CASH FLOW STATEMENT YEAR EIN'DED 31 AUGUST 2025 2024 2023 Cash flow5 frorn operatinB acti¥wties: rNei lexpeniiiturellinrpme for the year enaed 31 Au8USt 11si,499j 30524 1115,9721 Adju5tment5for.- Capital Expeftdityre Depreiiation charge5 Loss/lGèinl investment5 IGainllLoss on sale of propertv IGainllLubs uii Disyvbdl ul E4dipfi-ient "ea5el/decrea5e in debtors (Decreasellincrease in creditors i£V 735 1231 1881)1 191 4896 11.3901 110.3111 3851 113.6701 12311 114.0611 13,8931 4936 Net C35h lusedllprovided by operatin8 artivities 1135,3921 16.463 1111,0361 >Tb 11 v*> ITViTri iti¥r>i1¥"￿ dLi1￿Ille>. Sale/lptJrchasel of property 1279.(KJOI jo,Il)I 250 1286.8651 417,111 386,481 Sale of equipment 416,463 385,833 Change in tash and tash equivalents in the year 1422,2571 432.926 274.797 Cash and Cash Equivalents blf 1,150,917 717,991 443,194 Rounding Cash and Cash Equivalents clf 728.660 1.150.917 717,991 TMCP CFB Others 567,746 75,214 85,700 7?8.660 969,670 122.745 58.502 1.150.917 521,9JO 155,482 40.559 7J7991 Hull (Centre & Westl Circuit Not￿ to the Attounts I i¥•>i5 yi T4e f1p.antl2rpta.2￿.0Tht￿ havÈ been prepared under rhe Charitie5 Act 2011 in accDrdance the 1019ver>ion of Accountinsand RoportÉf%gbw rp.aA&j¢-' Statement Of Recommendeo Prattice ISORPI appll(abletoth8Atles p￿ParIn8th￿rl(¢0￿Trts in at¢¢rdoA¢e viith FRSIO2. 2 Fdnd5 The fund$he￿¢On$￿tlQt-. Getterll Funts1e￿f0t ony pJrpose of theclicult èrÈUnrestiktèd. ThÈClrturt MDd*l TrustFund ha5 wlde purp05e515efined5n St3ndin8 orde￿ and is categorised 35 unrertricred. Re5tritted funds whTch are hddfora narrower purp05e. There 15 akn an EndLvnnentfund. 0rt311s of eath . fflatettal lundare thK105ed irt the Iifial note rts Ihe&e*Kcounts. Any lunds mèv be re0fe￿Ied by mL>re th&n Iitstcash. 3 A¢¢ountlng pollcles B&si5 Thv5e atC¢Uftts h3v2bEert pvepJred onthebJsls of hlstorkal £osteKeo th3t Invtstmer.t%areshown Jt thelr mNketvah¥2atthe end oftheye3r. oi the accruals ba51Sto show ètrue ahL%f*irwew of thecircurfs ftnancial posltlonaThl Income Re¢ognltlon Income LS Included Inthe 5tatementof FinaD¢ièI Artiwties ISOFAI when the Cir¢uit becomesentmedtothe resources, and the trusteesare reasonably certain they will rective the resOur￿s", And the monetary value cAn bemeasured With sufF￿ent relkbility. Resources Expended Thi515 ￿CognIsed when a liab41ity Is in￿rred. orè tonstruciive obllgatiofj anses. itst resulTS in The paymeni being ￿na￿￿￿¥ble. Lhabill￿¢S3re re£o8nisedas 500n as an outhow of economlc benefit 15consldered more Itkelythan not undeTthe legal or ionsrwttive obli83tson comrnrtDn8 rhe Circvrttopayout re50ur¢es. Gr•nts Gr2nts made bytteThr£ult from tts own funds a￿ re¢ogntsed lttfijll when the CIr¢u￿3¢Ceptsth4tthert ts a leEalor oper*k)nal Obl￿atIo￿t0 makethe pèyment. VAT ￿￿thec[r￿￿t Is notVATreKlstered, all InputVATls charRed wlth theexpensegtowhkh It refer> Tan8lble fixed assets lor use by the arcuEt The*reehO￿ property Is 5fvJwn lThtheaccottnts at2015 deemedv4bJe5 U51ng the bitlhllres Insurancevalue atthat dat•orcost If purchased subsequently. No dÈpretlatton Is provided on the bulldlngs betause the tru#eeS¢on5￿erty￿ tur￿￿t residual faii¥alue lo5ntheasSUmPtvJn thatthey had rEac*4edthe end of thelr Useful economic life bythe year-end5 to be notle55than theircurrentva14Ee. AnydepreciatM)n VIu￿ld ttai ￿ niateridl. The pitspertiEshave bÈert reviewed for Impairment. Imiestment Properties In¥e5lmentprapertie5- noproFeFty i5EurreJ)tly deetned to notbe helL¢for lon8 Èermpurp05@SDfth@ charity. .b ments Inve5tment5 arevalued tnthe balan￿Sheel at marketvalue èttheyeai end. Investment int¢MYeiS Included in theattountswhen rece￿O￿le￿nd arlv gai*5 losses On fevaluatSUfi dl Llie yeai end aiÈ sknwn i¢1 Ihe KJF Debtors and Prepayments Debtors compiise amount5owedtvtheCircvitand a150 includEthe prepayrnentof the Septembu stipend inAugu5t. Credltors CredltfKS SncludesuftdryeYp0ns￿ owlneand alsofv lstquèrterass￿s￿￿4t￿ece1Ved in Au8u5t. /0 Hull (Centre & thlest) Circuit Notes to the Accounts Icontinued) Circuit Model Trust Fund 2025 Total 2024 Total 4. Donations and leeacies Unre5trlrted Restrlcted Don3tions Legacies Gr¥ryt& received Total iii 3.602 11,5 11,5LKJ ii,%oo 11,500 34,213 5. Charltable actlvltles other Circuit Model Trust Fund 2025 Total 2024 Total Unrestricted Restricted -tings froTll non-investment oroDerties 7.388 7,388 11,436 Total 7,388 7,388 11,436 C5TCUit Model Trust Fund 2025 Total 2024 Total 6. Investment Income Unrestrlcted Endowment 73 3.325 1,879 5.277 73 3.325 43,024 46,422 42 5.789 43,219 49,050 Central Finance Board TMCP Total 41,047 41,047 98 98 Unrestricted Cir(ult Model Trust Fund 2025 Total 2024 Total ?." Other income Endowment Closing fund5 transfcrred from closed church le￿ charged on sale proceeds refunded Totiil // nuii jienire C4 wesij iircuit Nottsto the Accounts Icontlnuedl . Pdymenl to Tyustees 2G24 Total Tatal Payments made io trustee5 for additional services provided to the Grcuit by agreement with the Number ol trustees who were paid expen5e5 Nature of the expense5 Relmbursement of travel, posta e, stationery, ift vouchers. manse exper*ses and entertaining Total èmouni paid 312 g. Fee5 for ex•mSrtl•n 01 audfjt of the ac(ouThts IliCT tr0s5-ief*renced witFI Independent examinerfs o¥ aiidiiors. fees for reporting on the arcounts Othertee5 leg-. advice, accountancy servlcesl pald tothe Independent examlner 1.680 1,602 Stlpends were gald to 4fvIl-￿rne. I part-tlme Mlnlstets12023124:4+1l and the costs ￿le. ?? n79 Employ¢rfs Natsonal Insuran￿ Costs Pension costs 14,282 23.782 12,098 31,247 717 Otj Tot31 ministerial rernuneTation 177,028 171,363 The a..¢.,￿-1$¢ employs fb'l! ayd p&ryr-￿-. .¢131 Yaff --.d•h: Gross 5alarie5 Employerfs National Insurance rosts 57.678 4,240 56.846 3,(K15 1702 ??Er Apprentlceship levy Total lay staff remuneTation 708 65,419 615 62,821 Total stipends, salar+es, NIC and pension costs 242,447 234,184 Average Trumber ol fulktime equivalent lay employees in the year were.. No employee5 received employee benefits of more thar* £60,￿0. Th@rÈ is no a¢¢iual tor hDllday pay as it IS Imrnaterial.. the holiday the holiday year ends on 31 August. All staff are paid at or above the Living Wage. Pènsions All Ministers are Members of the Methodist IAinisters' PensTror* Scheme IMMPSI which ¥5 a defined beTrefrt Kheme. The Circuit has alsg formed Its gwn penslon scheme admiftisrefed by NEST ID tomply with the requirements gf the UK GobErnmEnt'5 work'place pefision512515ioilun. ,PioyerS are given the option u, b-lun8tii8 LQ Lhe scheme and the Circutt makes contributions equivalentto 6% of gr055 earnings fDr all lay employees who chooseto beloRg to the scheme. JA Hvll Icentre and Westl Circukt Notes to the Accounts Icontlnued) 11 TanEiblo Fiyed Assets The Circvit owns 6 man5e$12024..51 of which 4 were occvpsed b¥ Min*sters durinA 2024-25. Manses not reouired for Ministers ale let oth on assured short term tenancies until they are required for future occupation by a Mifkister. Other buildings comprise Selby Streèt Mi55ion for which the Circuit has assumèd responsibiltty as Managin6 Trustee. Fsxtures, ffttings aftd equipmeni ¥oTripibses t*ffiie eouipi)iei-It aftd a portdL71è baptlstery. Cost or valuatioii Fixtures. Iittin85 and equipment Man Other buildtngs Totsl 8alance brgught lorward Additions Revaluations1+1_I Dtsposals l-l TransfeTS' (*/-) Balance carried forward Accumulated depreciation 1,194,317 279.C 499.434 5,976 8.115 1,699.727 287,115 2,394 2,394 1.473.317 499.434 11.697 1.984.448 Basi5 Aate SL 5 vears Balance brought forward Deofeciation cha￿e for year (-! Revaluatlons l+l-I Disposa151-1 4,093 4,093 2.361 1.915 1,915 ealance carried forward Plet book value 4,539 4.539 Brou5 11 Nbard c3￿led Iorward r* AIA rr 1,473,317 499,434 7,158 1,979.909 Loss on vi>yV￿1 Cost or Valuation Accumulated DepiecTration Nei EvU￿ ¥￿1￿¥ Sale Proceeds 2,394 1.915 250 12291 Hull (Centre & West I Circuit Ngtes to the Accounts Icontlnuedl 12 Investments The f4Jiids that iuFiPOrt ilrciiii 4v*odel T[￿St Fund and thy M4iftsi's Fund dre lield by TMCP in Ti-ustee5 IrTtvrest Fufids on which interest is credited to the accounts each month. These are Yegarded 35 medium and long term investments. TtOCP 1> ihe legal owner and Custodlan Tr￿Ste¥ of all Mtrikiodist Model Trust proportry, Iiiiitidili¥ Lvg%iLies, EiiduWI)Itnt> and Accumulated Fund5. Trust property is held for and on behalf of local Managing Tru5tee5 who are responsible foi the day to d3Y management of trust property. TMCP ensure that. through providing guidance and acting undei their direction, the Managing Trustees conipiy Wit%1 Li Idritl I￿￿ and Kiethodist law and POiiThL ds drivi li -iined uy the fviethodist Lonférence. knalysis tsj in¥¥StlTrlélli mo¥einents Clrcuit Model Trust Fund Endowment 2025 Total 1024 Totsl Investiiients listed on a recognisèd Stock Exchange Investments held in commot7 in¥estment funds, securities not listed on a recognised Stock Exchange Other investments 9,633 2,643 12,276 12.253 9.633 2,643 12,276 12,253 Change in iqve¢tr!i•ryt va!Ir•s Carrying Imarketl value at beEinning of year Add: additions to investments at cost Less: Ui5posa15 di Cdrryiiig value Net gain/l10551 on revaluation Carrying Imarketl value at end of year 9,615 2,638 12.253 11,373 18 9,633 23 12,276 880 12.253 2,643 Hull {Centre and West) Circuit Notes to the Accounts (continued) 2025 Total 2024 Total Unrestricted 13. Debtors aryd prtspaympnt¢ Prepayment5 Rent receivable Other debtors Total debtors and prepayments 27,709 27,709 21,256 15.014 42,723 15,014 42,723 11.156 32,412 2024 Total Unrestrirted Total 14. Credltors and accruals Idue In under l year) Income received in advance Trade ftrtsAtthrs Other Creditors Total creditor5 and accruals 48,965 gAn 48,965 49,806 1 q11 1,724 55.669 1,724 55.669 501 Sl,818 15. Capstal Commltrnents 3nd Contingent Liabilitie5 At 31 August 2025 the Circuit has no capital commitments. No Contingent liabilities were identitied at 31 August 2025. /r lllll Nllll Illlll 11 11 111 Illl 111 11 Hull ICentr• aw￿1} Clfcull DECLARATIONS Tre•sur•r I conlirm mai these *cru•l based accoun￿ br year •nde(131 Au9u•I 2W45 have tr￿fi wepared from records of the Cir¢urt an¢J that Ihey Include all funds und•1 th• ol th• Cirwrt Mé SWJnafv￿ ol Trtas Ick￿2& Narne ol Treasurw Mr J Shepnwsjson A4dres8 Circuil Jo AT*k￿lI Avv4u• •A•It￿Nt Church 277 8rthneH Avenue. Hull HU5 4rJ Pr•sentation to lh• Clr¢uit Meetlng for approval. l eonfinn Ihat tne annual feKort antj accounts torts year 31 August 2025 presente