CAMBRIDGE METHODIST CIRCUIT FINANCIAL STATEMEKfs FOR THE YEARENDED 31ST AUGUST 2025 PAGE Ker￿ of the TnLStees Independent Auditovs Report Ststdnent of Financia] Activities Balance Sheet Statement of Cth Flow8 Notes to the Financial Ststements 10-15 TRUSTEES (Clreuh StswaTds) A lull list of Trwtses is shovrn page 415 Steve Acklam (Sa)ior Steward) Elsie Sa]mon Ross McEwa Angus Campb¢JJ C￿Curr M￿lsTERs The ReveTend ClwityN2e8w Th¢ R¢v¢T¢ud Rose we￿wOOd {sur￿l￿telldent and C￿) The Reverojj Jemiy Pathmornjab REGISTERED OFFICE CambTidge CBI ILG CHARfrY REGISTRATION NUMBER 1134226 AiTDITORS Prelltis & Co AccowitaTts and Siatutory Audits)TS 115c Milton R(Md Cambridge CB4 IXE L]oyds Bank PIC University of Cambridge Btawh PO Box l(KKI BXI ILT T￿SteeS for M¢thodist huFrt)ses M¢xlel Tn￿ Fund centr￿ Build Oldham Street Ml IJQ Central Finance Board ofthe Meth(hJist Church 9 Bonhiu Si￿et Londo EC2A 4PE cAMBRI￿E METHODIST CIRCUIT PAGE I FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 REPORT OF THE TRUSTEES The TnJstees present their annua] report togedkr withth¢ finaDciai *atrtDents of the charity for the year ended 31$¢ August 2025. The financi￿ statements compty the c}￿lti&￿ Act 2011, th¢ Deed of UDion alld Methodist Churcb Aci and Aecounling and Reporting by Charities: Statement of Rewttmiend￿1 Practice applicable to cFwiti¢s pr¢paTiug their account5 in accordance t￿ Fin8nciai R¢￿Tting StandaTd 8pplicable in the UK aThl Republic of ￿eland (FRS 102) (effe¢tive l JaDuary 2019). BACKGROUND The alld purp03es of the CaTnbTidge Methodist Circuit aTe set out in Circuit Policy Statgnxut. Each year, the Statement is considered and revised when ¥ppropriat4 4thi¢vem¢nts in the past year reviewe￿ and goals set for th¢ ing year. The Circuit Policy Siaiement tskes as its skniDg ]x)intthe Calling ofthe FAethodist ChU￿h 45 approved by the Methodist Conference. The fi￿1 Statement is reproduced below.. CAMBIiIDGE CIRCU￿ POLICY SrATE.￿E￿I Th¢ Cplling of th¢ Methodis1 Churih is to respond tothe gospel of love in Christ and to live out its disciplesbip in worship and mission. It bas fouT dimeDSiOllS: Worsblp. to increase awareness of Gods presoKe and to L¥kb￿re G¢A's love" Iarnfillg and Carlng. to help people to karn and gTOW ￿ CbristiaLs througb mutual gupwrt and coTr' Service . to be a go(Ml neighbour to people in Jleed and to Challe￿ iDjtL5tic¢.' Evangelkqm - to n)ake more folIowers of Jesus Christ (Methodirf Corfer¢n¢e J990 ¢md2000) This Lallill8 is shared with the whole Chwth of J¢sus ChTisL I. ORIECTIVES Ai¥D ACllVITIES The Cambridge Methodist CiTeuit exists to respond to the gospel of G(MJ'5 kiv¢ in Christ alldto live out its discipleship in worship and mission. (hjr vision is summed up in olle word.. WELCOME. We welcLbme God's w, one another, alld the communilic5 we serye. We welcome people into b¢longing and Spiritual owtty creating spaces of healin& hope. and J￿stiCe. We welcome younger Fwple aThJ students. offering a grdCiOUS, r¢sili¢nt faith for life. We welcome new houslng ¢ommwiili¢s by being a Metbodist presenee of lov¢ aTMI srryice. The Circuit has a range of churches in the Cty of Cambridge. Wesley. Ca*le Street 8Dd ChestertOQ 5urrouttding villages Histon, Orwell and H&%lingfield plu8 a thjrth in North Hertfor&bir4 Ro)storn Tb¢re aT¢ also IA)cal Ecumenical Partnersl)ips. Bar Hill, CamtM)urnA Sawstt)n and Tofi. I PUBLIC BENEFIT The Truste¢y they hav¢ complied with the Charity Commission's guidwDce on public benefit. Our activities- worship, pastoral care, community supwrt. OUtreac]4 and PTOViSTon olpremises for cornrtLwiity use- all contnThute to the spiritual and Social w¢llb¢iDg of the public. ACHIEVEMENTS AND PERFORMANCE Dumg the year the Circuit. 8UPPOrted worship and p&storpJ care acT￿S all churches ¢ontinued sttthnt 2nd young.adlltt ¢n￿gement ¢Dablod church&s to offer inrlwiye. access￿le spatts for I(￿1 groups and etsmmunity events rnaintsin￿ Support of th¢ w¢¢klyFood Bank in Ch&8ttrt￿ this 18 the I lth of opeTaiion CAmBRI￿E METHODIST CIRCUIT PAGE 2 FINANCtAL STATEMENTS FOR THB YEAR ENDED 31ST AUGUST 2025 REPORT OF THE TRUSTEES .........JCOTrrnNUED 4. FINANCIAL REVIEW AND RESERVES POIJCY The CircuiV5 finances ￿¢ rna￿ag￿ pnLdentty in line with met1￿￿15t Stsnding OrdEr5. The Gellerai Fuud Sl￿Wed a d¢ficit forthe yew, offset by strong r&8erves held iti the Ctrwit Advance Fun(L Tr Circuit Meeting maintains aTeserves po]i¢y equivalentto at least thTg¢ DVJDths' expenditiue. 5. ￿RUcTuRE, GOVERNANCE AND MANAGEMENT The Ciwuit is governed by the Circuit Me¢ttDg ill 4ccordan¢¢ m¢thQ￿lsI Standingorders. Trustees include miDiSters. Circuit Stevrnrd5. and r¢F(esentstives appointed by local churches. The Circuit Meeting met regu]arty during the yearto ove￿9 Missio￿ finance, safeguardin& a￿d propvty llwtt¢rs. Sadty during the yeaT the decision w&8 made to ce W0￿bIP at Toft. Tr building will be sold by auction dwing2026. the prrKeeds will rq)I￿]$ti the deficit. New ThL8tees are appointsd when new Ministers are ap￿lItted to the Circuil the local cburthes appoillt rvwesentstives to the T￿￿tee body (the Circuit or Wh￿ tr Tntsttt recnjits aDd app)ints new Circuit officer5 including the Circuii Stewards. Th¢ of th¢ Trustee t￿Y is Consti￿ xcording the relevant stsnding orders of th¢ Methodist Church determined by the Methodist Conf￿¢ whi¢h aff leg¥lly binding on ¢￿h Circuit aDd l(ul Clllwch. The Circuit will review its trainiDg alld inductiou in the coming year. The Trustees are awdTe of aDd regularly review the CTrJarity CoDll￿SIoll 8uidw on publi¢ benefitond consider the CircuiV5 activities compliant. 6. SAFEGUARDING The Circuit Teniains CQllLmitted to providing a safe eDviruJDMt forall. s8feguu￿ tx)licics are in place in every churcb and n7view¢d regularty. Training for volunteers leaders ¢ontinued througknutth¢ year. New Trustees are appointed when new Ministers are *￿iD1¢d to tb¢ C]￿ulE th¢ k￿al chutches appoint r¢we5entstives to the Truste¢ Cimiit Meeting) or whell the Tntr body tccruits and appoints new Cnruitoffi¢et3 including the Circuit Stsvrdrds. The rnember5hip of the Tnjstee body is constitirted according the relevpxrt s¢anding ord¢r5 of the Methodi%t Church deternllned ty the Methodist Conference, which are legally bindiDg on eath Circuit and local Churth. ThE Circuit wryll review its training and induction in the coming year. The Thistees are aware of and regularty review the Chwity comm￿10n guidw¢ on public benefit and considerthe Circuii'$ aclivities wllJp]iaDL 7. KEY MANAGEMENT REmu￿￿TIoN The Metlvjdist Conf¢Tence TevigwB th¢ stipends each year taknng into ￿ iEJtlatio LIST OF CHARTfY TRUSTEES 21124aS Trn8te¢g Circuit Steiwds Mr St¢v¢ Ack]4￿ (Swior St¢w4rd) Miss Elsie Salmon (Steward) Mr R058 M¢Ewau {Stsward) Mr5 maTg￿tI Poultrr (Steward) resentstives from the Circutt Dr Paul Ashley MTS Wendy Timb5 (Haslingfield) Mrs Joyce Goodall (Royston) Mr Geoff Batty IWe8l¢y) Mr Gordon Hdd {S&wston) Mrs Frances Pa5coe (Orwell) MT Chris Rayson (C&stle Streft) DI Nicholas K¢ep IRo)Eton) Mr Angus caInp￿lI (Wesley) Mr Mil(e Sharpe (Castle Street) (deceased) Miss Phyllis Salmon (Haslingfi¢ld) Mr Mile Abbs (Weslsy) Mrs Diana Tebbit (Toft) Mrs Rosemary Watson (History) Judy Wylln (LI￿al Pr¢athers) Mr Adrian MacKintosh (Chesterton) Miss K Cole5 (Histon) Mr John Wyborn (Higton) Mr John BLwock (Castle Street) Mr fjrah8￿ Burgknll (We51ey) Dr Philip Howie (Chesterton) Glll GTaingEr (Roy5tOD) Brian Carter Jul￿t Blair CAMBIUDGE METHODIST CIRcurr PAGE 3 FINANCIAL STATEMEffi FOR THE YBAR ENDED 31ST AUGUST 2025 REPORT OF THE TRUSTEES .........JCONThiTBD LIST OF CHARITY TRUSTEES 2024r25- CODtlnucd Key MAD*g￿e11t Per8oxnel Circuii Revd Rose Westwood (Swintendent and Chair) (Wesley* Chesteth al￿ OrKll) {resi8Ded 31 Au￿￿t 2025) Deacon Ian Murray & Wesley) Revd CharityNzegwu (Roystm H4s1ingfield Toft) Revd Jenny Pathmarajab (Histon and Castle Street) Revd Kevin Highfield (appoiutrd 15¢ Sept￿ber 2￿5) STATEMENT OF TRUSTEES RFSPONSIBIIII The charity TnBtees are responsiTrle for p￿)a￿ a Tr￿, annual rep)rt 8Dd fitw)cial statanents in aCcorda￿e with applicable ]aw and United Kingdom Accounting (United KiDgdom Genually Accept&J Accounting Practice). The law applicabl¢ to ¢h8rities in England aNI requlre5 th¢ charity TTUSt￿9 to pw fJJJancial statemert8 for each year whtch give a tn￿ and fair view of tbe State of affairs of the cl)8rity and of the Incoming resotsrees, and application of ￿0￿Ces. 3el¢Gt yuitable acCo￿tt￿ 1K)lici￿ alld theu appty them cojJsi5teDtIT. obserye the mel￿dS aDd princip]e5 ID the applicable ct￿ritieS SORP. make JUdgeMet￿ alld esttmates that are re￿￿￿]¢ and Prudent: state whether applicable accounting standards have been followe4 subject to any nllteriai departsm ]nust be disclosed and explaiDed in the fitiAttcitiI ststements" prepare the fiDan¢ial statrmeDts on the goingconcetn basis Unle￿ it is inappropriate to pres￿lle that the charity will continue in business. The Trustees ar¢ rEsponsible for keepitigproper &coutiriDg records that disckne with teaso]thle accura￿ at any time the finaniial position of the c￿lty ￿ to enable them to ensure that the financial Staten￿LIS comply witb the Charities Act 2011. the applicable Charities (Aecounts and Rq)orts) Regulatior4 and the PTOViSiODS of the Deed of Union. They are also responsible for safeguarding the assets of the charity and taking Teasonable steps f(K the prevention and detection of fraud aDd otheT i]regu]arities. Approved by the Tn]5tettg on and srgDed on their behalf by. MR A CAMPBELL TRUSTEE CAMBRIDGE METHODIST CIRCUIT PAGE 4 FfNANCIAL STATEMENTS FOR THE YEARENDED 31ST AUGUST 2025 INDEPENDBNf AUDITOR'S REPORT TO THE MEMBERS OF cAmBRI￿E M8THODIST CIRCUIT OPINION We have audited the fiDancial thtements of Cambridge Meth￿j]st Circuit for the year eJ)ded 31st August 2025 which ornprise the Statement of Financial Activitie4 the Balance Sl)e¢ Slat&￿1 of C&8b Flows 2nd the related notes. The financial Ieporting framewo￿ that has bKn applied in their preparation is applicable law United Kingdom ACCOU￿]ng StaDthd5, Rn¢luding Fill8￿18] Reportllig Stathd 102 'The Fin8llcial Rewting Stslldgrd applic&ble inthe UK and Republi¢ of Ire]￿d. (United Kingth)m Generally Accepted AccourLting Practice). Jn our opinion the fjnancial StateM￿ts.. . give a true and fair view ofth¢ s14te of the affai￿ at 31st Aw 2025. and of its outgoing resources aDd applieation of resources for the ￿then enth(" . have been Ewp¢rty prepared in acc4thce with Unit¢d Kingdom Generalty ACW A¢counting Prartice,. w)d - hav¢ b¢¢n prepared in ac&)rdance with the reqUirem￿ts of the Chariti&4 Act 2011. BASIS OF OPINION We conducted ow audii ID accor(1hnco with Intvrutl￿aI Standards OJJ Auditing (UK) OSAS wjd Ylpplicable law. Our responwl)ilitÉes ￿der those starLdard8 are fjjnher described in the A￿lt0￿S resp)nsli )iliti&s for the audit of the financial ststements section of our r¢port. We ar¢ IDde￿d￿]t of the charity in ￿Cordan¢¢ with the ethical requirements that levant to our audit of tbe financial StateD￿ in the including the FRCS Ethic￿ Standard. and the provisions av&Oable for small entitie5. ill the ¢iwutDStanc¢s 5¢t out ID llote 5 to th¢ fJDancia] 5tatertMts. and w¢ have fi￿filled OUT other ethical rE6PQDwI)ilitAe9 ill accordance with these requireme￿. We believe that the audit evi&nce we have obtsined is suffiri¢Dt and appTOPri¥4te to provide a basis for opiniotL CONCLUSION RELATING TO GOING CONCEILV Jn auditing the fllwicial staternents we have concluded that the of the goillg concern b￿lS of accounting inthe pr¢paration of th financial ststements is appropriate. Based on the work we have T￿rfornIed. we have not idelltifi&l y￿ertaI￿ties r¢lating to eV￿ts or ￿ditiO￿8 that individually or co]]ectiYely rast sigDificallt doubt on the charl￿$ abilityto continue as a goi￿ concern for aperiud of at least twelY¢ mollths from when tbe financial statemellts are autlM)rised for i&sue. Our resp)nsibi]ittes and tbe Msrrt)nsiThilities of the Tnksteu with respeetto going concern are de￿rI￿d in the relevant sections in this r¢porL OTHER INFORMATION The other infO￿￿tiOn comprises the iDfor￿atIOn itirlud¢d the Report of th¢ TTUSteEs. othEr tban th¢ fjuallciai statemeThts and our auditor's reportthereon. The TTUSt¢es are responsible forthe Report of the Th￿. Our opinion on th¢ fin2ncial ststernents Èkns D(* L¥)verth¢ 4)ther infoTroation and we do not express any forni of assurance owlusion thereon. In cornection with our audit of the fin￿18] siatemeni& our T¢SPOTJsThi ility 15 to read the Report of the Tn￿5 and, in doing so, ¢otssidw wbetherthe Report of the TnLstses is materially inconsisteni with the fitwicial stAtements or our knowledge obtsÈned in the audit OT otherwis¢ app¢8rs to b¢ uwt¢Tially missthted. If we identify such mat¢Tiai incoDsistencies or apparent material mi8gtatements, we are required to detenlline whether there is a material n)isstat¢ment in th¢ fman¢ial statements or a rnaterial misstatement of th¢ oth¢r iDformati(m. If. based OD the work we have perfonDe4L we conclude that there is a material j55tatE￿¢nt of this otber 1nforniati0￿ are requtred to report that f4cL We have nothing to report in this regard. CAMBRIDGE METHODIST CIRCLIT PAGE 5 F￿ANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF CAMBRJDGE MEfHODIST CJRCUIT MATTERS ON SVHICH WE ARE REQIJIRED TO REPORT BY EXCEPTION We have nothing to report in re5FeCt of the followllt8m&tt¢rs to ￿1th th¢ Cbarities (A¢¢ouots ana ReFwts) Regulaiions 2008 Teqiiire u5 to r¢￿rt to you 1£ iti our opillion: . the inform&ion given in the fitwicial statements is iDconsisW in anyThat¢ri￿ Te5pert with the Ryrt of the Tn￿tees. or - sufficient accoumiing rKords have not been kep¢ OT . the fjnancial ststements are not in agreement with the acc4*nthgTee(ffds and r¢tum3' or . we have not received all the i]Jformation aDd exp]aDati0tt8 we requir¢ for our audiL RESPONStBJLITIES OF TRLSTEES As explain¢d m¢)re fulty in the Trnstees. rwibililies slatemeth set on page 5, the TTUStees are reswnsible for tbe prep&rntion of the financial statements and for being satisfied that they give a true aDd fair view, aud for sucb internal control as the Truste*s detennine is ne¢essaryto enable the prwrtion of fmancial statements that are free from material mi5stalB￿￿È whether due to fraud or em)r. In preparing the financial statements, the Trustees ar¢ respoJsil)ie for assessing the Ch￿l￿S ability to contiDU¢ a going concern, disclosi￿ a5 appIl￿ble, n]atteT3 r¢lat¢d to going Concern and ￿5]ng the going Concern b&8is of aecoiillting unl¢55 th¢ TTh￿teeS either illtend to liquidate the cljarity or to ce&s¢ op¢rtil)￿￿. or have no realistic altem*ive but ts do so. AUDITORSI RLSPONSIBILITILS FOR THE AUDrr OF THE FINANCIAL STATEMENTS OUT objectives are to obtain rnsonable ￿uraftee about whetheT the financial sratements as a whole are free from m4t¢rial JnisstatenW whether due to fraud or ern)r. aDd to i&we a Report of the Auditors thAt inchMle$ our opinion. Reasonable assuran¢¢ 18 a bigb levcl Df assuTan￿ but is not a gpJrnte¢ that an awjit coDthi¢ted in accordance with ISAS (UK) WAII always detect a mateTial Jni3StatellwAt when it exists. Missmements can arise from fraud or error and gre ¢(￿$1dered material if, indivithially or in the aggregate. they couldrea50ll4bty ￿ ¢xpxtal kn iDduence the e£onomic decision6 of wers tsken on the basis of these fjnaTKia] statffnents. THE EXTENT TO WHICH OUR PROCEDURES ARE CAPABLE OF DETECTING tRREGULARITIE& INCLUDING FRAUD Irregularities, including frau4 ar¢ iDStances of Don•compliaDce with laws and regul￿10￿s. The primary resp(msil)i]ity for the rffev¢ntion and det¢ction of i￿¢gu1￿￿ti¢s ]￿lUding fraud rests with both the managelnent and those charged with govornaDce of the charity. We desi￿1 procedwe5 in line with ourreS￿)nsl1 )llitie4 outlined a￿Ve. to d¢te¢t mat¢rial mi&8tat¢ments in resp¢ct of irrcgularities, illcludtti8 frau We have considered tbe nature of the ]nd￿￿try aDd scthor, control envinKJtnenL law5 ar￿ regulations ond business perforniar￿, of the charity. Laws aDd regulation5 CO￿ldered include4 but werE. ￿)t litnit¢d to. FRS102. Charites Act 2011 and Charity SORP. We have enquired managetnent in regards to their own I￿ss￿t of the risks of I￿g￿l￿rItiCs, including fr￿. We a150 enquired of ll]anag¢m¢nt and those ¢baTged with goveTnaDce a5 to any knowD instances of noJbcomplianc£ or suspectednon-compliance with laws and regulatior￿. We have obtain¢d r¢l¢vaDi d[Kwn¢￿Oll and Tepr¢sentatiork8 in order to forni 8tL opinion on potential irreglllaritieg, inrluding frdud. We ¢¢)nsider￿ th¢ i¥jportL￿lties alld in¢￿tiVeS that may exist within the orgaDisation for fraud. Ba8ed on this understa)din& we desiglled specific auditprw¢dur¢s to identify instances of non-compliance with laws and regulation5 listed above. including obtaitiing additional corn)EM)rative evidence as required ExamplES of procedur included revieThT)g large unusual transaction4 reviewing large attd ￿[￿XP￿ty1 ￿la￿ces. T¢viewing journal entries and revieivillg Televont legal ¢orrespondtn¢e. There are iDh¢rent liwitations in thE audit procalures descnl>ed atrmjve. not least sampling is used ￿￿er International Auditing SlaDdards. therefor¢ not all Iru￿saCtiOns or¢ r¢viewe and signed on theirbeFJalf by.. MR A CAMPBEIL TRUSTEE The not¢s Oll p￿&5 10 to 15 form part of these fiDan¢Tral Stateme￿. CAMBRIDGE METHODIST CIRcurr PAGE 9 FINANCIAL STATEMwfs FOR THE YBAR ENDED 3 1ST AUGUST 2 STATBMBNT OF CASH FLOWS 2025 2024 CASH USED IN OPERATING ACIIVTIES Net cLsh in operating a¢tivitie8 13 (102.960) (112.629) CASH FLOWS FROM INVESTING ACTIVITIES Int¢restrweiv¢d L£ttiDgs income Additions to investments 14,565 19,906 20.214 21.000 (1,460) (1,885) 33.319 39,621 RT CkSH PROVIDED BY INVLSTING ACtIVlT (69,641) {73.008) CASH AND CASH EQUIVALENTS AT THE BEGINNJNG OF THE YEAR CASH AND CASH EQiJIVALENTS AT THE Ef4D OF THE YEAR 338,501 411,569 338.561 268.920 CAMBRtDGE METHODIST CIRcurr PAGE 10 FINANCIAL STAIEMEKtS FOR THE YL4R ENDED 31ST AUGUST 2025 NOTES TO THE FINANCIAL STAT&MENTS AcCOuNT￿G R)LICIES {a) BASIS OF PREPARATION The financial statements have prepar&1 in xcordance with tbe Ststement of ReCOn￿ended Practice: A¢¢ounting gJJd R¢p)Iting by Charities prepaTing their fffjwKial graternents in a¢cordan¢e with the Fin8n¢lal Repotling Standard applicable in the UK and Repub]ic of Ireland (FRS 102) {efftctive l J8muary 20191 . (Charitie8 SORP (FRS 102)) and the FiDgncial Reporting S(andard applicable inthe UK aDd Republic of ITeland (FRS 102). The CambTidge Methodist CiTCUit me¢ts the definition of a public benefit eDtity FRS 102. A$4ets attd liabi]ities In1￿ recijgnised at histori¢al ¢os¢ or tr9￿$￿￿10ts values ￿lesS OtlThise statsd in the rekvant accounting pJli¢y DOte5. (b) ASSESSMwf OF GOING CONCERN The TDJstee5 C4Jnsider that tbere ate no rn8teri￿ uncrtinties about the Circuit's abi]ty to continue ￿ a going (c) INCOME Income is TecogDi3ed iu the year in ￿lch the chaTity is entitled to the receipi amount can be Ineasw￿l with re&wnable certainty. Income is onty deferred wlKnthe et￿rIty to fulffl Conditions before becon)ing entTtled to it or whrfe th¢ dollorha5 specifi￿1 the incl￿￿ is to b¢ expended in a future year. Assessmeni OT share Ass¢55UKUt is rK0￿1$¢d yp)nth¢ c1￿￿il n()tifying w5¢ssable thurth iu wJiting of both the a]now and settlement date. Asse55ments for local chwches underthe Circuit are reviewed on am annual basis deF¢ndellt on iucome alld kv¢15 of eKh ￿5¢￿Sable churth Th¢ PUryK* of the inm¢ isto cover Ydrious ministrJial costs associatrd with each churdL Capilalrecepls C8Pital reCe￿ts Are recwised whth the Circuit has l¥1 entitlement to the fullds, and wI￿e relevÈii( up)n completion date. Capitst receipts ￿late dirttdyto the sa]e of iknJat&J land and buildings where the Circuit is given entitlemenL Expenditure 15 recogni5ed once there is a legal OI con5trnctive obligation to make a pa)rynent to a third paty, it is wjbable that settlement will IK required alld the mount of the obligat&on can be mwured Telitibly. All eXpe￿diti]re is accounted foT on an accnM]s ba5TS. All expemes ]r￿Illd]ng 5UPPOrt costs aThl governance costs are allocated or ￿)￿rtiOned to the followin8 expendith beadings ls follow8: Clwntabl¢ ￿lIV￿1¢Y." Expenditure OD cbaritable activttie5 includes the c4)sts of activities UDdertaken to furtber the Purposes of the Circuit aud tbeir awciated supwbrt wsts. Costs T¢]atiDg to a ￿lcular adivity 4r¢ allocat¢d directly, others ar¢ apportioned on an appropridte basis. Govcmance costs i￿lUde all expcnditire not directty related to the charitable activity or fim¢fraistllg ventutes. Thi5 includ¢5 an appropriate proportion of costs of stsff sa]aTies for athninistration staff and audit fees. JrrecoveTable VAT is cbarged as a c05t againstthe a￿7vIty for which the expendi￿ w83 illCWTed. No firther analysis of expenditure is provided in the Dotes as the TTUStees deem suitable ana]ysis is provided on th¢ Stat¢m¢ot of Fitiwi41 Activities. (¢) OPERATING LEASES Rents]s applicable to operating leases where substa￿Y all of the P￿lle￿S and risks of ownership re￿￿]￿ with the lessor, are cbarged against illco￿¢ &5 incutrpl CAMB]UDGE METHODIST CIRCUIT PAGE 11 F￿ANCIAL STATEfvtEKfs FOR THE YEAR ENDED 31ST AUGUST 2025 NOTES TO THE FINANCIAL STA]EMENTS ......... (f) TANGIBLE FIXED ASSEtS The Tru5tee5 consider that the market value of the freelK)Id pmperties is in excess of its cost a5 Sho￿ in the fJnall¢ial st8te￿ellts. 8nd that iti view of this ther¢ is no necessity to ¢harge d¢pr¢¢iation oll th¢m. The ch￿lty ha5 a policy of capithlising any fixed assets in excess of £2500. (g) INVEsTr￿T FIXED ASSETS Investments are a forn] ofb&gic fiDanC￿ instru0￿t and are it)ttsally reeognised at their ti7t)saction value and 5ub5equenttyme&swed atthelr fair Vah￿ atthe balaDce shett date Using the most reL¥llt profrssional valuati The Statement of Financial Activities itKluths the netgains losses arisiDgon revaluation 8nd disposals througbout the yEar. The Circuil does not ac4uire putoplion& derivatives or other complex financial iDstrumeDts. The main fonn of financial risk f￿￿] by the chaTity Is that of volatility in propety rnaTkets due to wider economic conditions. the attitith of inveMors to itivestment risL attd changes in sentiment concen￿9 property ) PENSIONS The Circuit pays pension contni)ution5 for the five Circuit Ministers to the Methodist MiDiSteTs' Pension Stheme. which is a fitRI sa14ry defiued benefit %h¢me. Th¢ PeDSiQD cbarg¢ r¢pre3¢llts the amowit5 payable by the Circuit to the fund in res￿ of the year. The overall resporLstr)ility a]Ld liabilty for the fimd attd deficit top arrangement ]ies with Conllexioft and is disclosed iti ther financial statements. The Cir¢uit operates a defined ¢On1n￿Vtloll scheme. Conlnbutions ore ¢hty to the Statement of Financlal Activities in the ￿lod to which they relate. (i) FUND AccouNfiNG re ￿￿lIable for We atthe disirton of the CirEUit in fithance of the objectives of the Circuit are funds get &8ide by the Circuit in order to utsdertrke specifie [￿ojects. or equalise amlicipated major expenditUTe on n￿]ntenance of fixed ossets in Designated Fut Restricted Funds are llxmies subject to regulation by the ikniors of the funds as to their use. (unrestric￿1) Circuit M(hlel T￿￿t Restricted Fund Fwjds GRANTS RECEIVED Year ended 31st August 2025 2025 Total Funds Genera] Fund Th¢ IKYS 105 105 (Unrvtricted) Circuit Model Tn￿t Restrictcd Fund F￿dS GRANTS RECEIVED Year ended 31st August 2(r24 2024 Tota] Funds The Leys 105 105 CAMBRIDGE METHODIST ClliCLrr PAGE 12 FfNANCIAL STATEMENfs FOR THE YEAR ENDED 31ST AUGUST 2025 NOTES TO THE FINANCIAL STA]EMENTS .........JcoKfiNUED Iunrestrictrd) Circuit Model Tr￿St Restricted Fund 2025 Total Funds Year ended 31st August2025 Fund Interest deposits 3,962 10,603 14,565 (UDTtstricted) Cirolit Model Tn￿t Restricted Fund Funds INTEREST AND fwESThIEwf INCOME Year ended 31st August2024 2024 Total Inter&st on deposits 6.348 13,558 19.906 TRUSTEE AND STAFF Il£Mu￿TIoN The 5tsff cosls were.. Tr￿leeS (CiTCUit Ministffs) and support staff Salari¢5 Social security costs Pe￿10￿ ￿sts 2025 2024 125.679 14,129 23,490 163298 126,735 12,200 29,587 168,522 Av¢Tag¢ w¢¢kty nutDbeT of w10y￿ the year. Full time Part till The Circuit Ministers are also Tr￿S of the Circuil ReT¥erend R Weytworf Dew)n l Murray, R¢v¢rend J Pathrnarajah and Revcrend C Nzegwu. No m¢mt*r of staff wived of More1h￿ £00,000 durlljg the y￿. Four CiTCUit Ministers live ID propBrti¢s wholly OWJ￿dbYthe CirruiL Expenses tOla]￿n8 £419 (2024.. £429) were reimbursed to trustees. The Trustees consider they are the key managenTht and the Circuit mini￿ are remunerated. The totsl compensation received including t￿tfits is £149,169 (2024: £156.322). NET MOVEbAEN'T EN FLNDS FOR THE YEAR The net nM)vement in for the year is stated after char￿n Audit fe¢ 2025 2024 4,312 4.190 In common with other 5n￿ll entities of our size and we auditors to assist with the preparation of our financial State￿en CAMBRIDGE METHODIST CIRCUIT PAGE 13 FINANCIAL STATEMEwfs FOR THB YEARENDED 31ST AUGUST 2025 NOTES TO THE FINANCIAL STATEMEKfs .........JCONTINUED TANGIBLE FIXED ASSEIS Year ended 315t Aug￿1 2025 Freehold (maDse5) COST Balance at 1st Septembtr 2024 RevaluatiODS 3,528.000 (20,500) 3,507,500 Balanc¢ at 31rt Augwt 2023 DEPRECIATION Ba]￿￿￿ at 1st Septgllber21ll4 al￿ 31StAug￿4 2025 NET BOOK VALUE at 31stAugust2025 3,507.500 TANGIHLE ￿xED ASSETS Y¢aT ended 3 1st Augusr 2024 FT¢eho]d PTopety (manses) COST Balance at 1st September2023 R¢va]uatiODS 3,548.500 (20,500) B41anee ht 31st August 21Y24 DEPRECIATtON Balanee at 1st Sqxemlxr2023 and 31M August 2024 NET BOOK VALUE at 3 1st August2024 3,528,000 3.528,000 Book Value Book Value AINS AND LOSSES 01.09.2025 01.09.2024 68 Melbourn Roa¢ Royston 37 Maith Causeway, Cambridge la Radegund Roa4 Cambridge 2 MowlaTn Ck)$4 Impiwn 679.000 664.000 1.180,000 1.215,000 905,5(M) 880,000 743,0(M) 769,000 3.507.5CN) 3,528.000 The propttties were reva]u&l by the trustces thi5 year with refrnce to the relevant 5¢)wce5. The values are VESTMENJ3 2025 2024 Circuit Finance Board n)anaged 12 Moss Drive, Has1ingfield 1.744 575.0(M) 67,770 644,514 1,727 575,000 66.25S 642.982 GAIhlS AND LOSSES Year ￿ded 31st August 2025 Book Value Net ]nteresr Book Value 01.09.2W Charges l(L05s￿) Revaluatioll 31.08.2025 12 Mos8 Drive, Ha8lingfi¢ld CiTCUit Finance Boardmanaged 575,orAI 575.000 thd 1.727 66,255 53 1.407 (36) 108 1,744 07,770 Inv¢sttD¢llt a(￿￿￿t 642.9K2 1,460 644,514 CAMBRIDGE METHODIST Cllicu PAGE 14 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 NOTES TO THE FINANCIAL STATEMENTS .........JCONTINUED GAINS AKD LOSSES Year ended 319tAugusi 2024 Bwk VaJu¢ Net Inthst Book Valu¢ Gain5 1(knges) Revaluation 31.08.2024 01.092023 Charg 12 Moss Driv¢. H￿]ingfield Circuit Fijkgnce Board managed fimd InvEsbnent account 570.1 5.000 575.000 1.587 60236 66 1,819 74 1.727 66.255 42 631.823 1.88S 4.274 5.000 642.982 The properties weTe r¢vaIued by the In￿ this year￿th refuence to the relevalrt sour￿. The values are fair V￿lle b&sed on open nwket value. DEBTORS 2025 2024 Othu debtors 8,460 5,845 CREDITORS 2025 2024 52.041 3,340 280 48,636 3.180 1,840 Audit fee aecrjal Othet creditOf5 55.661 53,656 io. RESTRICIED FUNDS Year ended 31st August 2025 Brought Carried Incolne ExpMditure Transfrrs Youth WoTk Harry Jackson Fund 152 10.822 10974 152 10,822 10,974 RESTRIcfED FUNDS Y¢ar ended 3 1st All8￿$t 2024 BD)ugbt fon¥aTd Incoll￿ Expet)ditWE Transfers Carried forward Youth Work Harry Ja¢kson Fund 152 12.662 152 10.822 (1.840) (1,840) 12.814 10,974 Yollth work. Supporti￿ youth work in the CAmEtidge Area Hary Jackson Fund. sUp￿rtS capitsl projects in the churches. CAMBRtDGE MB]HODIST CIRcurr PAGE 15 FINANCIAL STAIEMENt3 FOR THE YEAR ENDED 31ST AUfjUST 2025 NOTES TO THE FINANCIAL STATEMENTS ......... ANALYSIS OF NET ASSETS BETWEEN FUNDS Year ended 3 1st August 2025 UJ]restricted Re8fTiCted TotaL Fundg Fund4 Tangible fixed assets lA￿lm¢llts Net current wets 3,507.5(KJ 644.514 210.745 3,507,S¢K) 644.514 221.719 10.974 4.362.759 10.974 4.373,733 ANALYSIS OF NET ASSETS BETWEEN FUNDS Year ended 3 1st August 2024 UDre8trithd Restricted Funds Funds Total Funds TaDgibk fixed assets InvesDn¢nts Net cwrent assets 3,528,(K)o 642.982 279,776 3,528,000 642,982 290,750 10,974 10.974 4.461.732 4.450.758 12. RELATED PART The Methodist Church is a related pty and during the yetr a tontnTr)lltion or levy of £7.477 (2024.. £9,416) vas paid to it oui of the capitsl re￿ipts receRved by the Circuit. The Ws is a related paty 8Dd durAng the year a donation ye￿Ived of £105 (2024: £1051 13. RECONCiLtATJON OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING 2025 2024 Netn]ovement in funds Adjustsnents for: s3e5 OD revaluation of fixed ￿ets t￿￿e￿{gaIns) on revaluation of investtt]ents Interest and rents from investments tncrewel(decrease) in credit Ik¢rw¢I(in￿eW) in d¢btQT5 thsh provided by O￿atitig aitivitsL8 (87,999) (87,570) 20.500 20.500 (72) (9,274) (34,779) (41,506) 2.005 3,221 (2,615) 1000 (102,960) (111629)