CHELSEA. HAMMERSMITH AND FULHAM MEfHODIST aRcurr FINAN(JALSTATEMErirs THE YEPJI ENDED 3& ALWSf 2025 CHELS￿ HAMMERSMITH AND FULHAM MEfHODisr aRCUIT FINANaAL sfATEMENTS FOR THE YEAR ENDED 31, AUGUST 2025 arlty ReOstratlon number. 1133940 PAGE 21p7 4&710 Stthn*nt of Fln•nd•l *LtMUes li Notesto the Hn•nclJl Statsnwnts 131024 CHELSEA, HAMMERSMrrH AND FULHAM METHODIST CIRCUIT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2025 Charlty Reglstratlon number- 1133940 CHARITY INFORMATION ISS& KiD88¥ Rffji The P¢Rk 333. Vavxlmll Bridse RNd )nkn SWIV i Accountants and Auditors Ath)mako B•￿th & Co. 45, Tindalo Close Surrny. CR2 ORT pase I CHELSEA. HAMMERSMITH AND FULHAM MEfHOD15T CIRCUIT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, AUGUST 1025 The Tntstees prnserttheir report qnd audfted finandal staternentsfor the year•nded 31 August 2025 . &4SI8 OF ACC(XINTING The finandal statements have t*n prepared in accorfance wlth'Accountlry ar eportlw by Ch•rltie5: Siatement of Recommended PTrrtice appllr4ble to charltles prYri￿ thelr accourts In accord•nce with the financlal Report1￿ Stsndard ap￿table In the UK and Republlc (rf Ireland { FRS 1021 (Second EdRion)' •nd Flnanclal RepDrtkn8Standaril appllc¥ble in the United Klngdom and Republk of Ireland ( FRS 102) and the CharltlesAtt 2011 I￿1 UK GenerallyAtteptod Practke as It applles from lJanu•ry 2015. The flnandal 51atements b**n prepwed to a *ue and falff vlfw and have departed from the Charftles l Accourrts and Reports l Re8ulatlons 2008 only to the extent Tequlred to provlde a Irue and falrvlew.. Thts departuR has Invoknl followi "Accountin8 and Reporti￿ by Charltles: Statement of Re￿rnmended Practice ppllcableto dwlts wep•th¥th¢lraccounts In accordaru wfth the Rnanclal Reportlng Stsndard •Fvlkable In the UK and Republic of Ireland { FRS 102) { Second EdI￿n I. ratherthan the AccountlNd and Reportlng tycharities: Ststemert of Recommended Practl¢e effe¢the from I, Apfil 2(Y)5 whlth ha5 slnce been wlthdrawn". The flnandal ststements hve been prepared In accordance vlth the accountlng policles set out in Note 2 to these accowts. and In accordance *ith the govenw document of th• CircuiL The I￿rnIn￿ document of the fjrcult is the ￿rne asthe sovernlry documentof the MethodlA Church, i.e. The Iktd of Union (1932) and Methodlst Church Act (1976) Th¢ purposes cf the Methodlst Church ar& arKI shall be dxmed to have been since the thtè of the unlo￿ the advancemert of". a) The Chrfstlan falth In accofdance wfth the doctrlnal stathrds and the dKiplinè of the Methtxllst thurch. b) Any charitable pU￿0$e for thetkne beln8 of arry Connexlon¥l. Dtstrkl Clrciu¢ local or any other or8antsatlon of the Methodlst Churth. th•rltabSe purpose fDrthe tlme beingof ary society or Institutlon subsldlary or andllary of tho Methodlst Church. dl Any PUTP05• for the time belN8 of any dwrftsble sth51dlary orancllhryto Methodlst Church. In str1vi￿ to •chl•ve its objecllves, the Trustees 8lve careful conslderatlon to the Ctharlty Commis*Jn's 8enernl guldaKe on public benefft. The Clrwlt TNstee5 have pald due req4rd to 8uldance issued bythe Charlty Comm155iDn In decldlrywhat aclivbtlesthe arcuit should UNleTrke. We confirm that the arujli Is a publk be￿ endty as defin•d ty Ffts 102. CHELSEA, HAMMERSMITH AND FULHAM MEfHoDIST CIRCUIT TRusfEES' ANNUAL REPORT FOR THE YEAR ENDED 31. AUGUST 2025 ( Cofitifiued ) FUNclloNS OF THE aRCU The functlons of the ￿rcUIt Indude the followlffé: l) To oversee and supwjrt the local Methudlst Churches within the cirtylt kn thelr worshlp life and encouraBe them In the maklTha of disclple& 111 To provlde accommodatlon to the ministers wlthln the clrcult 111) To malntaln the manse5 forthe mi￿SterS rv) To pay the stlpends forthe minister The arcult Is part otthe London Distrlrt1351, and the lollowlng fNe churche5 are In the Clrcult: Askew Road IURC/ Methodist) Chelsea Methodlst Churth Fulham Broadway Methodlst Church River court Methixlist Church Shepherd'5 Bush Road Methodist CIxATth The Clrcuit15 manased on a da1￿ basls by the Superintendent Mlni5tertO8ether wlth two other mlnlsters ofte patd and volunteer slJPPOrt staff. The Mana8in8 Trustees meet from tlme to tlme to ovetsee arrult rnatt￿. Mlnl•t¢rn Revd. Faith Nyots Revd. Lesiwa Vunlpola Revd. Vlda Foday ( appoint¢d on OY0912024 on part4•me (49%) bas15 Clvtultskn Monty Gr*g Gertle Barker Jane Ke￿lW•h-80b1Q Dwld Tambwfta￿h arwlt Tr%Alan Mllls The arcultrs soveThin8 document 15 the Deed of Unlon (19321 and the Methodist Ctrturch Act 11976). Detalled governance arran8ements are outllned within the Constitirtioml Practi￿ aTrl Dlsdpllne {CPD) olthe Methodlst Church by orderof the Annual Confww. The Connexmal office implements decilons made by Annual conferen￿and15 also re4M for the statlonkw of Prestrrters in indlvklual Churches. Connexional decis10￿ are passed to the Chairof the Dlstrkt and JPW*prlate offlcers ofthe Di5tri¢t ftK Regml IM￿emen￿tIo￿. Th• Distrkt paws corftrol down to arcult level fof local implementatfon by the Superfntsndent Mln15ter, Mln55terfal Staff and arcuTt 5teward5 vla the mediurn of C￿￿11 meetlryds. Membershlp of the arcuft Meetiru is laid down Tn the Con5ttbJtional PTactke$ and Dlsclpllne (CPD) of the Methadlstchurth. The membusof the CITcuIt Meetln8 are the Trustee5 of the fjr￿lt but noTrvotlryA member5 are ableto attend rftW wlsh. The arcult Tntstees are 4xdlFed by CPD and are the S•nlorSteward and Tre￿rer from eKh of the fve ChL*ches, nombnatsd r•presentallve4 accordkn¥ to Churth membershlp. plus Clr¢ult ofke holders. The arcultstewan15 Il#ed beknw, together vlth other members elected annualty by Indlvklual Church Counci15 senwed a5 the Trusteesforthe c￿rUIt durin8 the year. page 3 CHELSE& HAMMERSMITH AND FULHAM MEfHOD15T CIRCUIT TRusfEE5' ANNUAL REPOAT FOR THE YEAR ENDED 3L AUGUST 21T25 I Continyed I ntsters Revd. Falth Nyots Isuperfntendentl Revd. Le￿￿ Vunlpoll Revd. Vida Fodèy { from OV0912024- oft part-time 49% basi$ I Alan Mllls Monty Grtg8 David Tamb*R•lah % trusteesvary fmrn ￿rt0 year. thelf detsms are amended on the Chaiity Commlsslon YRbslte to refiertthe actual representstkn atthe startof flnandal year. Gertie Barker Jane Ke55hvah-Boble P•storal care ofA5kew Road Churth Is orynlsed by fte¥d. Wida Fodoy who Is parttime employed fi>r49% of standard pre5bytets worklng houts and as such she does not have to go throuBh the Methodtsi ststionir8 process. We have three manses that are occupied by our mlntsterl one of whlth (Ashfield Road 15 owned by the URC but is malntslned Intern•lly and extemally bythe Circu5L Revd. F(￿4¥ moved in to A5hfield Road ITr January 2025. after refurb15hment of the property. Currently there Is no fomwl a8reement between our lacal Clrcult and the URC about ffla￿r malnlenance works on thts prnperty but maior MaIntenan￿ work has been cavrI￿ the￿, the majorfty of whlch has been fvnded bythe URC Iunlted Refomi thurch). Insurance on thls property is funded bythe Circult but is arrnnied thrO￿h URC nomkn*ed broker5. We have four inwestmert propertles the property at i• Melrose Gardens now belw deemed to be an Investmert propety farthe foreseeable future. CurYert￿the arculta150 derNes rnntal Income from the former Okl Oak Method1# thurch emlw at The Falrvay, Actan. Thi5 15 a rhurth that has cease(l kn opernte and Is now operatl as a prtrschool nursery but rent from thts source has not been pald regularly and the ar￿￿t 5tewArds pursuln8 the tenant to determine a payment pl•n to redeern the debt. Income from the ft)ur irwesrment propertles plus Old Oak Methodlst Churth weffli5ES wlll provide a staljle incomeforthe rnlssiDn of the arcult In the years to come. l fi¥• thurthes have pkl thelrasse$5ment of £50283. but Income was£33 over budget at £50,316 ￿￿t0 sll8ht monthlyo¥erpaymentsfrom Chelsea Chwth. We have pald our assessment of £34,112 to london Dlstrkt. As stated prevw)usly, the arcult ex15ts a5 a ¥*hkle to pass thfonn*lM up to Distrlct synod and Conference and tt) relay dethlon5 made at Natbnal aThl D15trktsynods bxk down to Churche The al￿1t does th15 ty arran8ing thrtt meetings I￿n￿llY with all churdbu in the arcu The Cira•t recorded a deficit of £113,825 (2023124- defidt £27,693) In the year. The Circult asse55ment. alon8 wlth rental recelpts. are the m•ln sources of arcult Iruirne. The e$5ment is desl8n•d to be 5ufflclenl to enabk the arcuft to arry lts furKtlonal duties of overseeln8 and supportln8 local thurches. The lad( of rentsl Income from the tenancy at Old Oak is Martingto ￿tlect in Clrcult flnances, and must be addressed speedilv. The prlnclpal factort•ken Into account in arrMn8 at the indlvlduol local thurcheg assessmnts s Income from all 50urce5 for year belore the one In question. CHEL5E& HAMMERSMITH ANO FULHAM MEfHODIST CIRcurr TrUSTEES' ANNUAL REPORT FOR THE YEAR ÉNDED 3£ AUGUST 2025 { Contlnuod I The TMCP trusts have hitherto been treated as Current Assots investmen The trustees revlewed thls posltion In 2024 and declded to redasslfy such trusts as fixed ssets investments because they conslder these t￿￿ts to be held for lon8 term purpo (ratherthan short term l. These trust remaln liquld. they are held for their Investment potential. The trusts are not held 5pecificalty for ￿ale or expected to be reallsed wlthln 12 months from the year4nd (3V08112025 > date. Reserves amountlry to SSX months routlne expenditure will be held, aftèr maklng PfoVi5ion forfuture malntenano, other known essential expendlture and planned developments. The ar¢ult •5sessment invofves an ann￿1 rwlew of likeJ¥ income and expendltwe In the future years, current accourt balan￿ and any future need5 and opporWntt*s not likety to be met from income, The arcuSt General Fund {Unrestrlcted General Fund} bal•D￿ at the end of the yearvrds £11,667.186 (2024- £11,78LOII l. The value of the Clrcult properties I both tsTwible tlxed assets l flx¢d assets In¥estments ? Included In the general fvnd tl8ure of £IL667.186 is £11,62&1)Y) { 2024-£11,685,3491 the￿ty leavlng a net liquld balan￿ of £41.186 for the genernl runnln8 of the arcult. At the current level of annual expendituie of £310,9501 after excludln8 8od Debt and Dewedatlon ) the e¥pected level of Reserves shoukl be EISSL compared to the artual readlly a¥allable re5er¥es I CTTculI General Funds less pTOpety￿1uQs) of £41K. The cwrent reserves level are far lessthan experted. but the Trustees conslder It to be adequate because, althou8h the TMCP tN5ts1 £113,352) are treated as Ilxed assets in these acmunts because thèy are held on k}￿ terni basls and also forthelr Irwestment potential, they still r•maln liquld, and (an be drawn upon at a very short notice. The accesslble reseNe are held in the Dep05tt Fund of the Central Hnance Board ICFB) of the Methodist Church. Durfn8 the year Interest of £639 was earned on thls Deposlt Fund. W• also hold rent dewslts forold Oak Methodlstchufch and la Me1ft￿e Gardens whkh are held in a separdte designated CFB accounL The Clrcuit 4150 holds the followlngTru5tees for Methodist Chjrth Purp95es ITMCP) trust fvnds: TRU5f 21747- LOCAL MODEL TA￿ CAPITAL TRusf 16544- ￿LE OF HOUSE TRUST 19598 aRcurrADvAN￿ FUND TRUST $66- EGAN BEQUEST TRusf 15780- 8. 6. ALLEN 8EQUEsr The Interest earned from the above trusts durlng the year under review was £5,02712024- £5,498) and the balance at the year end was £113,352 { 2024- £109,nll I The Clrcult employs two part-tsme Mmlnlstrators. workl￿frOM Chelsea Methodirt Churth premlses for a combined 20 hours per week. Wrth effect from I, September 2026 Revd. Faith Nyots will be promoted toioint thalr p4e5 CHELSE& HAMMEIISMITH AND FULHAM MEfHODIST CIRCUIT TRiISTEES' ANNUAL REPORT FOR ThE YEAR ENDED 3L AUGU5f 2025 I Contlnued I of London Dlstrtt and wlll therefore have to reduce hereommftrnent to Chelse& Hammersmlth •nd Fulham Circult. Wlth thls in mlrnl, the Trustees have en1151•d the hlp of a supermumer Mln15ter, Revd. Davld Glllman. to assbtvAth past￿1 charge of Chelsea and Fulham chuffhe He wlll be empw ty the arcuit on 49% involvefflent and as such wlll not be sUb￿t to the Methodist Church statlonlns rules. Revd. Gmlman h•s previously been a Supellntendent Mlnister In another London Clicult. The Trusteescontlnue to examine the prindpal arnas of operat6on5 arKI conslder what major risks could arf5e In each of these aws. Awoprlate resources and review sythms are wt In place to minlmlse Such r15ks to an a￿eptsb￿ level whÈrever risks are Identmed. The tntstees are responsible for weparing the Trustees, report and accounts in aCu)rd8n￿ wlth applicable law and United ￿r￿d0M Accountln8 Standards (United Kln8dom Generalty Accepted Accountin8 Pr•rticel. The law •ppllcable to charlde5 In Englar￿ and Wa* requlres the trustees to prepBre a¢tounts for each FlnaKlal year which 8ive a and falr vlew of the state of affa1￿ of the Clrcult and of the Incornlng resource5 and applKatlon of resourtes of the arcultfor that year. In FKeparfngth25e accounts, the tnstees are required to: . select S￿ble accowrtin8 pofides and then applyllwn consistently. * observe the methods and wlndples In the Charitle5 50RP. make Judgemerrts arKI estlmatesthat are reasonable and pn￿ent ststs whether appllcable accountlng standards have been followed, subprtto ary materlal departures d15dosed and explalned In the accou￿ and epare the accounts on a goin8 concern ba515 unless It is Inapprowhtr to presume th•t the drtult wlll ￿ntInue In operation. The trustee5 are responslble for keeping suffldent accounti￿ recordsthat dlsclose, wlth Teasanable a￿ul4¢Yat aDV time, the financlal P05itlon of the Clrath and that enable them to ensure that the accounts compty wtth Charities kt of 2011. the approprfate Charlty {Accounts and Reports) Re8ulatlons and the provisions ofthe trust deed. They are also responslblefor safeguardln8 the assets of the Clrcult and heno for tak1￿ reasonable ps forthe prevertion and detsction of fraud and other Irregularftle5. So farasthe Indlvldual trustees, and all thetrnstees a5 a body are aware, there 15 relevant Inforniation thatthey ought to have disdosed to the Circult Audltor5 thatthey have nat done and tly further belleve that all steps have been taken that ought to have been tsken to make the Auditors aware of •ny suth rekvant Infomiatlo We corfjlderthat we have adeqtsate financial r￿r￿St0 contlnue to dell¥er our plans ar￿ ih•t we have ￿asonable expKtallon that we will ha¥e 3de4Uate resources to continue In operatkjnal exlstence for the foreseeable future and thttthere Ire no materlal uncertalnties thotcall Into doubtthe chorivs abllity to contlnue. We have conduded that the 8oln8 concern basls rem•ins an •pproprlate bas15 of fvKepar•tkn for thejtfinandal 5t•temerrts. pa8e 6 CHELSW HAMMERSMITH AND FULHAM MErHoD￿ aRCU TRUSTEES, ANNUAL REIYORT FOR THE YEAR ENDED 3L AUGUST 2025 ( cortinu•d ) Thwe has been no post ballln￿ sheeiwentvthlth could affett these Thls report was apwty48d bythe CircultTntstees on...-.. ..... thelr bphalf ty. 2026 and 4ned on INDEPENDENT AUDITOR5, REPORTTO THE TRUSTEE5 OF CHELSEA, HAMMERSMrrH AND FULHAM METHODIST CIRCUIT REPORT ON THE FINAPI(IAL sfATEMEpll5 W• h•ve audlted the IIMnd•l stat•rnents of Hammersmlth and Fulham Method15t areult { The ￿rcUIt I fort1* year ended 3L Auiust 2015, compth ofthe Statement of Flnandal Actfvltles, the Balance 5heeL the rehted note5 to the finaftdal statements IndudiD8 • summary of slgnlllcant accountln8 polkle5. The financial reportiNJ fran*wor* that has been applled In thelr preparatlon is applicable Law and Unlted Kingdom Accountin8 Stsndards, indudlry financlaS Report1￿ standard 102. °R￿nd11 REPOrtln8 Stsndard ipplkable in the Unlted Klngdom and the Republic of Ireland, { Unfted KI￿d0M Generalty Accepted Attountln8 Prattke) ID our oplnlon, exwt forthe effects of the matteTde5o*•d In the b•slsforquallfled opknbn seclion, theffnancial statements." > give a tn￿ and falrvkw of the ClrcuW5 51ate of affairs •s at 3L Aii811# 2025 and of Its Incofflln8 resourcesand applicatlon of resourtssforthe then ended have been property prepared In accofdarKe wtth Unlted fxnerdHy Accepted Accountlry Practice have been prepared Sn accordance wlth the roqulrements Of the CharttiesAct 2011 All the arcutt's propertles I Manse5 artd Investment propertles I were revalued In 2023. except the property de￿rt￿d as Old Oak Church premlses, by a quallfied MRICS & IU(3 reS￿red ¥aluerand the wdlued amounts are refiected In these a￿unts. The value of the Old Oak churth premlses In these accounts15 at M•thod15t lrnsurdnce ComFrynVs 'IngJred value.. The'lnsured value. Is nelther°Origlnal Cost. nor "falr value. ar1￿ frnm propervaluatkjn of the property. Instead the 'lnwred value" Is the.￿p1Kernent cosv of the property. Cowuontly. the valuatlon of the Old oakCl￿r(b property in these accounts do not conform to the Unlted Kln8dom Generdlly Accepted Accounth% Practke l FRS IIY2 ). Il* same valuatw)n ba515 of tr* Old Oak wemiges was awlled In the prevlpusyearfs tlnanclal ststÈment COnseq￿the oJrr•nt yearfs fimndal statements and ts openlry balances of the ar¢￿￿$ financial sl3tements co￿d contsiA effors and mlsslatements whlch materknlly could affect the current y•*sfinandal ststement& We conducied our audit In accordance wSth Intematlonal Standards on AvdStln8 l UK ) (ISAS (UK) and applkable law. Our re¥mm￿bI1ltIeS under those standards are fvrtherdexrlbed In the Auditsr's responsibbllues for the audtt of the flnancial statements section of ourreport. We are independerrt of the arcult In accordarKQ wfth the ethkal requirements that are relevontto our audit of the flnandal st•trments in the UK includiD8 the FRCS Ethlcal stsndard. and have fulfilled our olkn ethical reSpOn￿bIlItIeS In acconlance wtth these requlrementL INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF CHELSEA, HAMMERSMITH AND FULHAM MEfHODIST CIRCUIT I Continued ) We belle¥e th•t the •udltevldenc• we hwe obtslnedlg suftldent and appropriats to provlde btss forour quallfied oplnlon. We have nothlrvJtD report In respertof thefoJlowln8 matters in relation to whlth the ISAS IUK) requlre usto report to you vknere: . the tru6to8s' of the golng (X)1￿ basls of acwmlng wi Ihe ￿parat￿)n of fin8rt*1 SlateM￿ Is rK)t gpproprlate: or . the tr￿tea6 hm r#Jt di8clos•J in tr* fin8nc¥al statern￿ any id6ntifi8d matarfal uncort8lnti68 that rnay ￿$t 8tgthlcant atM)ul the CirGuiVs ablllty to continu8 to adopt the gokry cA)r￿eM Ixsis of accoLmOng for the poriod of at Iwt twelbB Montr￿ from the dale whw tho financlal 8tstern￿ are authorised for Issuo. The Trustees are responsible forthe other Infrirmatlon.The other Inforniation comwlsesthe Inforn)atlon Induded In the Truste￿ •nnual report otherth8n the flnancial ststsm•nts and our audllor's report thereon. Our oplnlon on the finandal statsments does not coverthe other inform•tkn and. exceptto the extent otherw15e Mated ln our repor¢ we do not express anyform of •55urnno cordukn ther￿n. In connertk>n with our audlt of the flnancial statemen14 our responslbllity 1$ to re•d the other infommtlon and, In dolni so, n51der whetherthe other inforniatlon is mtsially Inconststent wlth the flnandal ststem•nts orour knowledge obtained In the audlt or otl*rwlse appear5 to be materlally mls51ated. If we Identrfy such m•terial Inconsistenctes orapparent rnaterlal ffl155tatementy we are requlred to determine whetherthere ts a materlal mISstaten￿ in the ffflancial st•toments or J miteTlal Mis￿￿ternent ofthe other Infomiatw. ff, based on the ￿ we have perforn)ed. we condude thatthere ts a rnaterf￿ misstatrnt of this other knfornMtloTr. we are r¢qulred to rep)rt th•tfJtt. We have nothliyto report In thls re8¥vd. Exceptfor the mrtter descrfbed In the basls for qualified oplnion of our report ￿ have nothk to report in respect ofthefollowlng mattus In relation to whkh the Charlde5 (Accounts and fteport ) Re8ulatwJn 21X* require us to r•portto you, rf In our oplnlon: > the Infom)Jtlon itven In the trus￿$, report is incorfjlstent In any m•terfJl respect wlth the Ilnandal si*ementy" or > suffidert accountlng ￿COrdS have not been kep¢ 01 > the flnanclal statements are not In a8reernent wlth the accounttw records and return5: or > We not reeeived all the Infcm)•tk•n and eXp￿n•t￿M5 we requlred forour audlL As ewhined more fulty in the Th￿et$, Responslbllts StJtrm•ntset out on p4e S. the trustees are respon51ble forthe preparatlon of the flnancial statements and for belng satlstled thrtthLytye a true and falr vTew. and for 9Jth internal control as the 1ft￿lee$ detemilne ts necessary to enable the weparatlon of fin4n¢lal statements that are free from •naterlg1 mlsstatemenL whetherdue to fraud orerror. lfi preparlnK the finandal statements the tnjsttts are responslbk for assessi￿ the Clrculvs ility to Contin￿ as a 8oin8 ¢on¢•rn. disclosln& as applicable. matters related to concem and ￿SIngthe plryconcern bas15 of account1￿ unle5sthe trustees ehher IThte￿ to Ilquldate the page 9 INDEPENDENT AUDfTORS' REpoirr TO THE TRUSTEES OF CHELSE& HAMMERSMITH AND FULHAM METHODisf CIRCUIT. ( CoThtlnued Circuit or as to cease operatloTrs, or ha* no reallstlc altemallve but to do 50. AUDITORS R￿PoNSIBluTIEs FORIIIE AUDITOF THE FINAMaALsfATEMENT* We have been appolnted ￿ Audltors underSertlon144 of ￿ Charfiies P£t 201L and report In acconlance vAth the Art and relovant regU￿tIonS or havlni effect thereunder. (￿robjeCtIveS are to obtsin reasonable auurance alxmrtwhetherthe finandal ststements as whole are free from materfal mlsstatemen¢ whether due tofraud or errar, and to tssue a auditoes report that Includes our opFnlon. Reason4bl¢ assurnnce Is a hl8h lo¥el of •5sufdnce. but 15 not a Buafantte thatan aL#lll Cond￿ In a¢cwthnce wlth.1SAs l UK ) WHI always detect • material mlsststsrnent when It exlsts. Misstatement'tan arf5e from fraud or errors and are nsldered rn•terlal rf, Indlvldualty or in awegaté. rouhj ￿￿$onablY b? expected to infiuence the economlc decision of usevs taken on the b￿1$ of the5È financial statemnts. Irre8ulwftles. Ind￿11￿ fra￿1, are I￿nceS of ThJn¢ompll•nce wlth law5 Ind r￿ulatIon& We de*ned Pro￿dureS in line with our respon5ibilitk4 outllned above, to detect matsrl¥l mlsststements In respectof Irre8ularftle4 Includln8 fvaud, The extent to whkh our procedures are rapable of detediry irre8ularltles, Includln¥ fiaud is detslled below: > Atthe commencefflent ofthe aud￿ we olrtained an undeT5trndlng ofthe leBal and r¢gulatoryfrrm•TAork appltabkn to th• aKuiL arnl how the arcult15 complyin8 wth that framewcrk > We asse55ed the 5UX•Ptlbllty ofthe Cknulvs flnanckl statemerts to matrrfal m155tstement indUd1￿ how fra￿1 ml8ht ¢xa > {￿re￿Ment partn*5 a55e55ment ofwhetherthe engagemert team cOlect￿lY had the appropTSate comwerKe and capabllitks to Ideth or reco8nlze non-compllance wlth laws and regulatlon& > all matters alx)ut non 12 TOTAL NEf CURRENT A88Ers 110 TOTAL ASSEfs LESS CURRENT LIABILITIES CRwfoRS . Amount8 f*¥ duo afv on• y8ar 12A 11 11 LL6 11 781 01 FUNDS Thè note8 P4•8 13 kn 24 fonn an iityal wl clth•a• fimnctal 8lat4m￿I ..2026. and on thelr be￿lf by: Approved tythe arcuitTn￿ on_.......... .. ALAI4 MILLS Clrcuit Treasurer REVD. FAITh NYOTA SuperlntendeDt Mlnlster Paqe 12 CHELS4 HAMMERSMITh AND FULHAM METHODIST CIRCUIT NOTES TO THE HNANCIAL STATEMENTS FOR ThE YÉAR ENDED 31. AUGUST 1025 I. BASIS OF ACCOUNTING 1.1 The financial statsments ha￿ been pwiar¢d in accordance th'AccouDtiffd and ReportlThs by Charities: Statement of RecommeNled Practice applKable to tharities preparkngtheir accounts In accordance with the Flnandal Reportln8Stsndard applicable in the UK and Republk of I￿lInd { FR5 1021 (Second EdltlDTh)' and the Mnancial Reportiry Standard appllcable In the Unfted KIWM aftd Republlc of Ireland ( FRS 102) and the Ch•rltle5 Act 2011 and UK Generalfy Accepted Practlce as it appliesfrom ljanuary 21n5. The financlal statements have been prepared to 8lve a'true and fale vlewand have departed from the Charlties l Accounts and Reports l Re8ulatior6 2008 onlyto the extert requlred to provide a'true and f•if vlew.. Thls departure ha5 invO￿ed followi 'Aceountln4 and Rep01fj￿ by Charities . Siatement of Recommended Prnctke applkable to charilies PTeparin8 their accounts In Kcordance with the Flnandal Reportin8 Stsndard applICab￿ in the UK and Republic of Ireland ( FRS 1021 ( Second Edltion }' rather than the Accountlng and Reportlns by Charitie5." Ststement of Recommended Practlce effecti¥e from l Aprfl 21x15 wh*h ha5 Since been withdrawn". The fi￿ndal statements have been prepared In accordance vAth the attourtlng poficie5 Set out In Note 2 to these accounS aNI in accordance wlth the governl documènt of the Clrcult. L2 The Clrcultcon5tltute$ a publlc benefit enllty a5 defined by FRS 102 13 No cha￿5 to accounting estlmates have occurred In the repwUn8 perfod. 2. ACCOUTrrnNG POLICIES. INCOMING RESOURCES 2.1 Recognitlon of InC￿rne lrtome ore recwlsed and Induded in the St4t•ment of FlnarKbal ￿￿ltIes ( SOFA ) > The Clrcult becorn￿ entit￿d tothe resources Itls mgre IiTrelythan not that the tTUStees wlll rec* the resource; and >Th• nmmetsry value can be measured wilh suffldent rellablllty. > arcuft Assessment Income reccenltton is ￿￿ed on th• Clrcuit* Oudgeted assessment on each Indlvklual chwch In the arcuit, •$ ayeed at a arcult meeting. > Rentsl Income Is reco8nlsed on the basls of the rent as perthe rentsl agreement. 12 Offsettl There has been no oflsetting of assets and Ilabllltle4 or ItKome and expense unless required or perniltted Ihe FRS 102 SORP or FRS 102 2.3 Grnnts and Donatlon5 GTrnts and Don•tknns •re only IncI￿led In the SOFA when the pneral Income reco8nltlon criteria as st•trd above are met. 2A Le8acles Le8ades are Included In the SOFA when teteipt is probable, that ￿ when there has been grnnt of probate. the Executors hove estsbllshed that there I￿ suffident assets In the e5tste and any ¢ondttbM a￿hed to the legacy are elther vAthin the corfrol ofthe charlty or have been meL page 13 CHEL5E& HAMMER5MITH AND FULHAM METHODIST CIRCUIT NOTE5 TO THE FINANCIAL STATEMEpifs FOR THE YEAR E14DED 11, AUGUST 2025 (Continued I 2.5 Tax Redaim on fjonailons and Gifts Glft Ald recelvable Is Induded kn Incothe when there Is & valld dtd•rntion from the donor. Any Gfft Ald amount ￿ry￿ered on a donatlon is mn5idered to be part of that 81ft and istreated as an addltlon to the sime fiAnd as the inlil81 d¢)natlon unles5 the dO￿)rorthe terms of the appe•l hw¢ specified otherwlse. 2.6 Don4ted Goods Donated goods are measured atfalr value.( the amountfor whkh the asset could be excharw ) unless knwrnctlcal to do so. Goods donated for owing Use by the arcuit are recogni5ed os tan8Iblef￿d assets and Included in the SOFA as incomln8 resources when receivable. Gifts In klnd for us* bythe arcuit are Induded In the SOFA as IKome from donatlonswhen ￿CeIvIb 2.7 Donated Servlctt and Faciif(ies Donated servicès and facllitles are Induded In the SOFA when recefved at the value of the gmt to the clfcult Pfovmed the Yakn of the 81ft be measured rellhbby. 2.8 Volunteer Help The value of any v0luntsryl￿IP recel¥ed15 not Induded In accounts. 2.9 Settlement of Insurance Clalms Insurnnce clalms are only ￿uded In the SOFA when the genenl Income recognition crlterla are met and are induded as an Item of other Income In the SOF 110 IrKome from InteresL Royaltle5 and Dhldends Th151s Induded in the accounts when recelpt Is probaL4e and the arnount recelwdble can be measured relloblv. 2.11 I￿￿tMents11ns and losses Thi5 includes any reallsed or unre411sed 8alns or losses on the Sa￿ of investments and any galn or1955 resultln8 from revalulw Invest￿nts to market value at the end of the Ilnancial year. 2.12 ￿bIlIty Reco8niilo Uabllltles are recrynlsed where it is more Ilkety than Tr3t thattherels a le8al or construrtlve obllgation committing the arcult to pay out resources and the amourt of the obll8atsn tan be measured wlth reasonable certainty. Grants and donatlons are accounted for when paid. The dlstrkt assessment and minlsterial stlpends are accounted for when thie. CHELSEA, HAMMERSMITH AND FULHAM MEfHoDIST aRcurr NOTES TO THE FINANCIALSTATEMENTS FOR TVE YEAR ENDED 31. AUGU5f 2025 Icontinued I 2.15 Frnthold land •MI Iwlldlnqs Freehold laNI and are aCc{￿nted for at orfwml Cost or subsequent valuation Tarfble Flx•d Ass•ts These are the manses managed by the arcult. The afcult manage5 two Manses These are the prnpertles and lore tem TMCP trusts ￿ld by Cifcutt wfth thèvlewto 8enerate Income or, for in¥e5tment potentlal. In the year under revlew. the￿ were four S[￿￿ propert*4 and one close&twrshlp church bulldln8 plus Ilve TMCP trusts. The freehold land and ￿lId1￿ Mention￿ •bove •re shown In these accounts at the or*lnal costy as arne￿d by the revaluation l except the Old Oak property I carrfEd out by Mr. Tom 5cotL a MRICS and RKS reeistered valuer. 2.16 CAPITALSATION 2.16.1 AII FNed Assets Expe1Klltu￿ In excess of £IXrf)O In the year concerned are capitalw. Otherwlse s￿h costs are wrftten off In the ye•r ofthe expendlture. 2.16.2 Tan8lble fixtures. ffttlngs and oflke eWpmen l tlxture4 frturyand Equipmerrt5 Used by the ¢lr¢ult are Twrltten off a5 and when Incurrnd. 2.17 DEPRECIATION. Dwedable freehold b￿Ing values are depred•ted at a rnte cakukted to wrlte off the cosL less resldual valu• over their experted useful lives. No Depreciatlon Is provkled on freehold knnd. No i)epredatlon is provlded on In¥esiment prnp•rttes Rate of DepreciatTon on freelKAd bullthw- 2.% on strnlght line bKIs 2.18 Funds Unrestrlcted funds represent funds whith ère expendable at the dlscretlon of the arc[￿t in the furtheranw of its objectsand whlth have rnt been des*roted for other purp05eL Re5tr1rted fvnds can onty be used forS￿d pwposts The purpose of any re5trlcted fvnd Is noted in the flnandal statements. 2.19 Consolldatton The arcult oversees the work of mlni5ters and lay worker5 In churdxs wlthin the Clrcuit, does not Im control ov¢rthose churthÈs. ministers. or the lay WOfker& For thls reason. the financlal ststemerts of the thurches wTthln the arcult are not consolldated Snto finJnthl statement> pa8e 15 CHELSE& HAWERSMITh AND FULHAM MEfNO. NST aRCU NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED JI. AUG115T 2025 IContSnued ) 2.20 Golng Concern At the tlme of approvln8 the financi81 statements. the trustees have a reawiabje expectstbDn thatthe Clrcuit has adequate resources to cortlnue ID opeTrih)n•l exlstence for the foreseeable future.ThusthÈ trustees have thernfore contIn￿d to adoptthe goir¥ concern b￿1$ In weparlni the ar(JJlVsfinanthl ststement 2.21 Employmerrt Benefft5 The cost of any unused holiday entttknnent ts rewlsed in the perlod In whkth the employee's service5 are recefv¢d. 124 AcCountl￿eStIMate5 and Jud8ements In the applicatlon of the arcuit's accounting polldes, the trustees are requlred to make gementy e5timate5, and assumpt￿ about Carry1￿ amount of assets and Ilabllftles that are not readlly ¥pparent from Other resouroL The estknate5 and a550¢iated 1ssumptlons are based on historic eXperIe￿e and otr*rfactors that afeconsid¢red to be relevant Actual results dlffer fmm these estlmates. The estlmates and underlying assumptlons are revlewed on an owolnB b#1& R￿lSIonS to ac¢Ourrtl￿ estlmates are iecognlsed in the period in whlch the estimate ts rev15ed where the I￿•$10￿ affects onlythat perlod. or in the perKMI of the revlslon ￿ future perlods where the revbslon affects both Cufrent and firture pÈrk)ds. 225 PwortlonmentOICosts Between A¢tNitles rfftmance and Othercosts are apportloned between Charitsble Acuvltles and Expetxltture to r•15e FuThls on the bath oleAch xtl¥lW5 Income in the year In reknthn to each other. p•p 16 CHELSE& HAMMERSMITH •nd FULHAM MEfHODiST aRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2025 Fund 3.1 Oanatloni Ind L•pd•s ctr￿1t 0569oJmants 1,T18 5,027 5.027 211 W24 214824 217,591 ￿lIX) 3.4 Oth•r Incorne Sur 4 RESOURCES EXPENDED 1.1 DRECT 8peNDP4G Rent Co]lecth)n Foe 35,153 89.411 5.X12 35.153 24.594 59.411 18,814 5.Jr2 4.8Z9 1&814 134 12 GOVERIIANCE AND OTHER EXPENLYTlme 3,618 1.7 71 3,518 1.759 71 357 3,913 4913 Pffrf¢88t0n￿ F•88 L3 ufHERS Olll¢a R￿nn1Tha ¢x 2.155 2,155 470 T28 470 1.433 IA WMIIARY OF ÉXPENixfuRE TO RAISE FUNDS 134.W 134M 84,127 6.317 64,127 8,317 2.723 144616 ￿167 page 17 CHEISEA, HAMMERSMITh and FULHAM METHODIST aRCU NOTES TO ThE HNANaAL STATEMENTS FOR THE YEAR ENDED 31, AUGiIST 2025 Unrestdcted Total Jmtrkted Furnls Funds Fur# Total Funds 42.1 DIREGf SPENDING 34,112 101,604 34,112 27,664 101,604 122,779 9.984 &8 27.664 122,779 stipends. Penslon and NIC Salaries and NIC Ernployers N I contrlbuttons employers Penslon contrlbutlons Mlnisters, trnvelllng exper*s 180 42.2SUPPORT FOR CHARtfABLE ACTIVm&8 4.22 Pr•n4•0 Exp•n• 30.147 11,991 30.147 6,995 11.991 14,629 6,995 14,629 Manses Insuran Audlt Fegs 1282 641 26 1282 641 26 887 452 24 887 452 24 Bank CIM 2.2.OTrIERS DAF Contrfbutlon Redundancy Payrnent arcult Activltles 4)prentl¢eshlp Levy Subscrlption Ornco R￿nIng C( 817 817 797 10.000 6,522 454 106 345 797 10,000 6,522 454 106 80 406 4Q6 785 074 42.33LIMNWIY OF EXPENDITLIIE ON CHARITABLE AcnvfTES DtrBd Spu*llng 151.319 151,319 100,704 180,704 45.(￿1 2,177 45,081 1177 24.090 24.IMI Govemance Sundry Expense5 522 16S pa8e 18 CHELS￿ HAMMERSMITH and FULMAM METHODIST CIRaiiT NOTE5 TQ ThE H14ANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2025 5 REVALUATION I ( DEFiaT I ON INIIESMIIIS 1014 11fj6 Unlts Q541.7 peKe131108120U ) 4316 6,316 1166 Unlts Q 542.7 pewe1331￿ ) WA 1166 Unlts @ 5018pKe1311W02Y ) pg90 19 CXEL5W HAMMERSMmi AND FULIIAM MEfHODIST CIRCUIT NOTES TO THE HP4ANCIAL STATEMENTS FOR THE YEAR ENDED 51, AUGUST Z025 Icorrtinued I 8.1 TANGIBLE FIXED ASSETS cosr OR VALUATION FREETrIOU> LAND AND BUILD114GS Manses a• at 1 Septsmber 2024 and 31. Auwst2025 4.5(K),fM)O at 1 126,000 at 31, AI44At2025 NEf BOOK VALUE A8 * 31 Wt 2025 As at 31 W 2024 COST ORVALUATION TMCP TrU5rs INVESTMEiif5 FREEHOLD LANDAND BUILDINGS TOTAL 109,701 5,039 7.Z)1.848 7.311,349 S.039 tn the at 31. Auw8t 2025 NEf BOOK VALUE As at 31. P4Jgu8t 2026 IIIL52 AS at 31, W8t 2fi4 1) Exc4pt for woprty de￿ as Old Oak Pr•ffll￿, dl th8 I￿1￿j on 04. Auwst 21rxJ ty Mr. Tom Scrtt ¥kn) IB a member ofthe RO￿ Insthute rf Chartered SupM•)rs (RICS ). He ts a quali1￿1 MRICS tnd RICS Wstw•d vahhw. Mr S¢th that ￿1¥ I￿￿K1¥nI the Clrujk and Its trujtsas. 2) The TMCP trijsts h8￿ Nthth) bqen treated a• cury•nt in¥ootsii•nL Tha trust808 f•4knved IN po8ttknn in W24, aTrJ dethd to rncla88ly such tsijsts 89 assets In*knerAs b8(w Ilw ￿)nSId¥ th8sa tru•ts to b8 held for long temi puIpc￿l { rather than JP¢rt terni ) . ThBs• trusts remaln Iwld, bLrt tW8ro for th•r tnwstmont potontial. aro not hekj Jp8dfic•lly fO8af• or expw*ed to be ro8ll%•d ￿lih￿l 12 months from the dat¢ of 31. Awu¥t 2025. 3) Tho dld h•¥e ary Hwi* A8• CHELSE& HAMMERSMITH AND FULHAM MEfHODIST CIRCUIT NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGusf 2025 Icontlnued 9.1 Th• follry•kng fund• ar• h•ld on l*h•ll rfth• Clr¢ult by TMCP 2025 Unrestrftted 2024 Unrestrkted Trust 21747- Modd Tntsl CapSts1 Trust 18544- Sal• of HQUE Trust 19598.Ck¢wltAd¥•nce Fw Trust 566- E8an Bequest Tru# IS780- & GAllen Bequest 70.369 1317 33295 6,328 67.374 1317 32,695 316 92 INCOlff FROPA IAATERIAL IMVE8TKNT HOLDING8 Market V•luÉ at 3110812025 Incomefor 7.201,648 211.924 TOTAL 2025 L697 Furnls held bythe Estate 35 Basic fin•nei￿ ass•t4 lficludln8 other debt0￿ and prepaymeThtsare Inltlalty recognlsed at Innsartlon prlce, unloss the aTr•wment consthutes a fin1nd￿tranSlcll0n, where the transactlon is measured at the sKesent value of tt* fut￿re re¢elpts dts¢ounted at a market rate of lrterest. Suth assets are Subseq￿n￿¥￿rrfed at amortlsed cost uskn8 the effectbve interest method, les5 ary ImpJim*nL 11. WIK AND CASH JALAIKES 2025 Current Account Central Finance Board- Deposit 14rt54 18,909 53,169 42,873 Cash and (￿h equib4alont kndth cash In hand. hald at call ￿th banks, other Short terni IlquKI InW$tni￿ts wlth origlnal mabJrit*s of thrae months or les8. and bank owrfrats. Bank owdrafts e*• Withkn ujrront Ilabl1￿e5. paKe21 CHELSEA, HAMMERSMITh AND FULHAM MEfHODIST CIRCUIT NOTE5 TO THE ANANCIAL STATEMENTS FOR THE YEAR ENDED 31, AUGUST 2025 (Continued I IL CREDrroL. AMo￿ts falllry due wfthin one y••r Rent Received In Advance A55essments Recelved In Advance Other Crnlitors Accruals 2024 1592 &946 458 453 14,1(Kl 95 12L CREDrroR5: Amounts falllry du• •ft•r 01￿ year Rent Deposk 14 Basic ilnancial liablllties. irtI￿lIng trade and other¢redltors, loans from third pirtle5 and loans from related partles are Inltialty rEcognlsed at tran￿rtIon prlce, unless the arrdngement constitutes a finiKing trar￿ac1knn, wI￿e thè debt Instrnrnent is measured at the present value of futwe payments d15counted at a market rnte of Interest. Such Instruments are subSeq￿ntty c4rrfed at amortlsed fost uslrvathe effectl¥e interest method, les5 any Impalrrnet)t. 13 FUNDS 13.L UNREsTricfED FUNDS 2025 2024 2024 8•lance Brought Forward Incomlng Resour Resources Expended Net Galn / Ideficitj on Investments revaluatlo Balance Carrled Forward 11667 186 11781011 Unreslrkted funds represent funds vthidb are expendabfe atthe dtscretloD of the Clrcuit in the furtherance of its Ob￿Cts and whkth hwe not been de*nated forany other pury)ose% 1¥781,011 294.946 IL808,704 272.417 -3LXI,567 All the Clrcuit's propertles { Except Old Oak Church premis•s ) were revalued in the 2023, 14 DEr￿LS OP CERTAIN rrEMS OF EXPENDITURE 2024 Kllt Fee8 15 p￿D eMPLOYEE8 SalaiY88 and Wages 372 287 Numbw of omplo ND affl￿0)￿ fo¢•lvod ￿0hJmwts In excess of£eo.000 pw annum. CHELS￿ HAMMERSMITH ANQ FUIHAM METHODIST CIRCUIT NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31, AUGUST 2025 (Continued I 16. REDUNDANCY COSTS 2024 Redundancy P•ymeftts 17. POST BALANCE 5HEEf EVEpirs There has been no post balance sheet event whkh could matsrially aff•ct these fin•n¢ial statements, 18. RELATED PARTY TRANSACTIONS All the Mlnlsters seThlng in the arcult are membets of the arcuit Truste•S No trustee recelved any remuneratlon nor beneflts During the year, three Mlnlsters th are also Trustees recelved stlpends and expenses. 2025 2024 5tlpends Reimbursed Expenses 101,604 5,619 121779 712 Althou8h the Clrcuit pays the mlTrlsterfal stlpend5. the Mlnlster5 are not employed by the Clrcuit. Min5sters are employed by Conhrence, but tt is the responslbllity of the arcult to pay them. There no other rdated partles transartlon5 forthe year ended 3L Au8USt 2025. Connected organlsatlons Indude the Methodist Connexlon, Churthe5 wtthln the arcui¢ other Methodlst Dlstrlcts In Great Brftsln. CFB. and TMCP. All these entltles have thelrown tru5te•s and autonomous admlnlstratlon that the arcult has no sl8nlficant Influence over any of them, nor they over the Or¢ult. They are. therefrjre not consldered related partle5. A balance is retslned In the genernl fund to meet unantklpated expendlture ind pM¢rammed work that can not be fvnded fram a 51ngle yea¢$ budgeL The pofKV of the Clrcuit Is to maintslTr equlvalent to at least 6 month's expendlture. Every of the Mèthodist Church ( L(Kal Chu￿e$ arcuit4 Dlstrtcts, Connexlon ) in the Unlted dom15 heavlty reliant on volunteets who contrlbute thèir skil￿, time, Money ind thelr resources In the furtherance of the work of the circuit. Pflncipalty, thb contrfbutlon 15 by servln8 on commlttees of the arcult that deal with mlssion, manses. ￿lky* yants, tralnlng developmerts, etc etL Thewlue of contrfbutlon of volunteers Is not Induded wlthin the Income ofthe afcuSL The trustees are gfdtefvl to all of them for thelr help and commFtrnents CMELSE& HAMMEKSMITH AND RILHAM MEfHODisr aRCUIT NOTES TOTHE FINANCIAL STATEMENTS FCIR ThE YEAR ENOÉD J& AUGUST 2025 fcontlnued I 21 Mlnirttts, manse colts The CITfUit Is required to provlde atyommod•tknn for eath Minlthr •bMI hWherfamily.The rcuit bears the costs of repairs m8intenJnce, bulldln8 insurnnffj Coundl Tax and water charses. These costs •re not shown separately as benefft-in-kind for the Mlnlsters as HMRC does not seektDtsXthese re£elpts In the hand5 of thE Mlfttsie In the opinlon ofthe trustee5, the Cimilt b exemptfrom the Unlted Klwlom Taxation on Its incomlni resovrces ts the ye•r. 2Y. FINAIKM IMsfAuME14T5 All the Charlty's financial thstNments qualÉfy as ba* flnancial InstNments in accordance wlth section li of FRS 102 and are recognised on thef011￿TnS basb: i) Cash and c•sh equlvalent represent bank balance5 deposlts held In Sterfing li) Investmentsare measured at market value at the batance sheet date illl Debtors are measured at the trdn5èCtion prlce less any provision ft)r doubtful debts Iv) Cveditors are rneawred atthe tran￿rtIOn prf￿. APPORTIONMEpif OF suppoffr COSTS BMVEEN ACTMTIE& Charftable Expenditure Total CharFtable Exwidtlure to ftlse fvnd5 U125 Actlvities to rnlse fijnds Total 1024 GOVERNANCE Audlt ¥282 3.518 4 3,913 Accountsnc¥ 641 1.759 20(Kl 452 4996 2,448 Bank ch•rge OThER8 Offlce Aunni 785 1940 345 1,525 I￿70 5kn￿lry Expi 522 L43J 1,955 165 Prof. Charge 228 624 Subscrlptlon 747 Governance and Other Costs are apportloned between Activities ( Charitable and Expendlture to ralse funds l on the basls of each actmty's Income In the year In relation to eath other. Th15 policy exdudes any exceptlonal and non-recurrlng Items. 25. THE ULTIMATE CONTROLUNG PARTY The ultlmate ￿￿MIlIng Party of the Circult Is the Methodlst Church of Brftaln 8e24