**Circuit Accruals Accounts 2024-25** ## **THE METHODIST CHURCH** ## **REPORTS AND ACCOUNTS** ## **for the year ended 31 August 2025** |**Somerset Mendip Methodist**|**Circuit**|**Circuit no**|***07/16**| |---|---|---|---| |**Registered Charity - Registration number**|||**1134237**| |**Ministers**
**Circuit Stewards**|**Rev Tina Swire - Superintendent**| |---|---| ||**Rev Andrew Prout**| ||**Rev Collin Moore**| ||**Rev Andrew Bell**| ||| ||| ||| ||| ||| ||**Judith Cole**| ||**Lois Emm**| ||**Barry Speddings**| ||**Jacqui Cobb**| ||**Malcolm Gale**| ||| ||| ||| ||**Lay Employees - Deborah Towner (Admin), Anne-Marie**
**Walker (Bookkeeper), Bethan Foister, Leanne Hibberd**
**and Mary Clark (Outreach - MC From Nov 2024)**| **Circuit Treasurer** ## **Circuit Stewards** Circuit No **07/16** Name of Circuit ## **SOMERSET MENDIP CIRCUIT** |**Statement of Financial Activities (SOFA) for the year ended**|**Statement of Financial Activities (SOFA) for the year ended**|**Statement of Financial Activities (SOFA) for the year ended**|**Statement of Financial Activities (SOFA) for the year ended**|**31**|**August 2024**|||| |---|---|---|---|---|---|---|---|---| ||**Notes to**||**Circuit Model**||**Designated**|||| ||**the**|**General Fund**|**Trust**||**Funds**|**Restricted**|**Endowment**|**Total**| ||**accounts**|**(Unrestricted)**|**(Unrestricted)**||**(unrestricted)**|**Funds**|**Funds**|**2023-24**| ||1,2,3|£|£||£|£|£|£| |**Income**||||||||| |1 Donations and legacies|4|||||0||**0**| |2 Income from monetary investments|6|26,603|11,985|||71||**38,659**| |3 Other trading activities|5|27,378||||||**27,378**| |4 Assessments on Churches||192,300||||||**192,300**| |5 Capital Receipt|8|0||0||||**0**| |6 Grants received||||||||**0**| |7 Other income|7|860||||||**860**| |8**Total income**||**247,141**|**11,985**||**0**|**71**|**0**|**259,197**| |**Expenditure**||||||||| |9 Grants and donations||||420||||**420**| |10 Stipends and related costs|11|225,905||||||**225,905**| |11 Property maintenance||65,622|1,248|||1,465||**68,335**| |12 District Levy|||13,510|||||**13,510**| |13 District Assessment||54,528||||||**54,528**| |14 Insurance & Utilities||18,450||||||**18,450**| |15 Telephone & Travel||16,466||||||**16,466**| |16 Planning Application Sandford||7,708||||||**7,708**| |17 Admin Charges||1,253||846||5||**2,104**| |18 Ministry Costs||8,232||||746||**8,977**| |19 Accounts Examination Fee|3|840||||||**840**| |20**Total charitable expenditure**||**399,003**|**16,024**||**0**|**2,216**|**0**|**417,244**| |21 Gains/(losses) on monetary investments||||632||846||1,478| |22 Gains/(losses) on investment properties||||||||**0**| |23**Net income/(expenditure)**||**(151,862)**|**(3,407)**||**0**|**(1,299)**|**0**|**(156,568)**| |24 Transfers between funds||135,775|(135,775)|||||0| |25 Other gains/(losses)||||||||0| |26**Net movement in funds**||**(16,086)**|**(139,182)**||**0**|**(1,299)**|**0**|**(156,568)**| |27 Total funds brought forward||2,189,606|296,804||200,000|32,474||2,718,884| |**28 Total funds carried forward**||**2,173,519**|**157,622**||**200,000**|**31,175**|**0**|**2,562,316**| Circuit No **07/16** Name of Circuit ## **SOMERSET MENDIP CIRCUIT** |**Statement of Financial Activities (SOFA) for the year ended**|**Statement of Financial Activities (SOFA) for the year ended**|**Statement of Financial Activities (SOFA) for the year ended**|**Statement of Financial Activities (SOFA) for the year ended**|**31**|**August 2025**|||| |---|---|---|---|---|---|---|---|---| ||**Notes to**||**Circuit Model**||**Designated**|||| ||**the**|**General Fund**|**Trust**||**Funds**|**Restricted**|**Endowment**|**Total**| ||**accounts**|**(Unrestricted)**|**(Unrestricted)**||**(Unrestricted)**|**Funds**|**Funds**|**2024-25**| ||1,2,3|£|£||£|£|£|£| |**Income**||||||||| |1 Donations and legacies|4|||||||**0**| |2 Income from monetary investments|6|20,399|7,157||0|2,529||**30,085**| |3 Other trading activities|5|28,363||||||**28,363**| |4 Assessments on Churches||204,645||||||**204,645**| |5 Capital Receipt|8|15,878|183,039|||||**198,917**| |6 Grants received||18,802||||||**18,802**| |7 Other income|7|1,123||||||**1,123**| |8**Total income**||**289,210**|**190,196**||**0**|**2,529**|**0**|**481,934**| |**Expenditure**||||||||| |9 Grants and donations||19,500||||||**19,500**| |10 Stipends and related costs|11|251,013||||||**251,013**| |11 Property maintenance||35,664||||509||**36,173**| |12 District Levy + Levy on Capital Sales|||54,597|||||**54,597**| |13 District Assessment||57,964||||||**57,964**| |14 Insurance & Utilities||21,192||||||**21,192**| |15 Telephone & Travel||20,918||||||**20,918**| |16 Agents Commission on Lets||2,184||||||**2,184**| |17 Admin Charges||1,376||512|0|50||**1,938**| |18 Ministry Costs||8,674||||||**8,674**| |Accounts Examination Fee||900||||||**900**| |20**Total charitable expenditure**||**419,385**|**55,109**||**0**|**559**|**0**|**475,053**| |21 Gains/(losses) on monetary investments||||16||(10)||7| |22 Gains/(losses) on investment properties||||||||**0**| |23**Net income/(expenditure)**||**(130,176)**|**135,103**||**0**|**1,960**|**0**|**6,888**| |24 Transfers between funds||160,317|(100,000)||(60,000)|(317)||0| |25 Other gains/(losses)||||||||| |26**Net movement in funds**||**30,142**|**35,103**||**(60,000)**|**1,643**|**0**|**6,888**| |27 Total funds brought forward||2,173,519|157,621||200,000|31,175||2,562,316| |**28 Total funds carried forward**||**2,203,660**|**192,725**||**140,000**|**32,818**|**0**|**2,569,203**| **Circuit No 07/16** Name of Circuit ## **SOMERSET MENDIP CIRCUIT** ## **Balance Sheet as at 31 August 2025** |**Fixed Assets**|**Notes to the**
**Accounts**|**General Fund**
**(Unrestricted)**
£|**Circuit Model**
**Trusts**
**(Unrestricted)**
£|**Designated**
**Funds**
**(Unrestricted)**
£|**Restricted Funds**
£|**Endowment**
**Funds**
£|**Totals 2025**
£|**Totals 2025**
£|**Totals 2024**
£| |---|---|---|---|---|---|---|---|---|---| ||||||||||| |Circuit Manses & Equipment|12|1,931,734|||||1,931,734||1,931,734| |Investmentproperties|||||||0||| |Investments|13||8,819||||8,819||8,803| |**_Total fixed assets_**||**1,931,734**|**8,819**|**0**|**0**|**0**|**1,940,553**||**1,940,537**| |**Current Assets**|||||||||| |Debtors and Prepayments|14|12,996|||||12,996||17,877| |Loans bythe Circuit|17||||||0||0| |Investments with TMCP|18|223,329|183,906|140,000|15,369||562,604||587,475| |Central Finance Board Deposits||60,861|||17,449||78,310||53,003| |Cash at Bank and in hand|14/18|24,506|||||24,506||11,383| |**_Total current assets_**||**321,692**|**183,906**|**140,000**|**32,818**|**0**|**678,416**||**669,738**| |**Current liabilities**|||||||||| |Creditors (due in under 1 year)|15|49,765|||||49,765||47,959| |Grants(due in next financialyear)|||||||||| |**_Total current liabilities_**||**49,765**|**0**|**0**|**0**|**0**|**49,765**||**47,959**| |**_Net current assets/liabilities_**||**271,927**|**183,906**|**140,000**|**32,818**|**0**|**628,651**||**621,779**| ||||||||||| |**_Total assets less current liabilities_**||**2,203,661**|**192,725**|**140,000**|**32,818**|**0**|**2,569,203**||**2,562,316**| ||||||||**2,569,203**
2,203,661
192,725
140,000
**2,536,385**
32,818||| |**Long term liabilities**
**(due after more than one year)**|||||||||| |Grantspayable after 2025-26|||||||||| ||||||||||| ||||||||||| |**_Net assets_**||**2,203,661**|**192,725**|**140,000**|**32,818**|**0**|**2,569,203**||**2,562,316**| |**Funds of the Circuit**|||||||||| |General Fund(Unrestricted)||2,203,661|192,725
140,000
**32,818**||||2,203,661||2,173,519| |Circuit Model Trust Fund (Unrestricted)|||192,725||||192,725||157,621| |Designated Funds(Unrestricted)||||140,000|||140,000||200,000| |**_Total Unrestricted Funds_**|||||||**2,536,385**||**2,531,140**
31,175| |Restricted Funds|||||**32,818**||32,818||| |Endowment Funds||||||**0**|0||| |**_Total Funds_**||**2,203,661**|**192,725**|**140,000**|**32,818**|**0**|**2,569,203**||**2,562,316**| ## **Somerset Mendip Methodist Circuit** ## **Notes to the Accounts** ## **1. Basis of accounting** The financial statements have been prepared in accordance with _Accounting and Reporting by Charities: Statement of Recommended Practice (SORP)_ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective from 1 Jan 2015) (SORP FRS102). ## **2. Funds** The funds held constitute: General Funds held for any purpose of the Circuit which are unrestricted; The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose: There are no endowment funds under the strict definition of this term as access to the capital of said funds (G. Dyer and Seymour bequests) remains under certain conditions as set out by TMCP. Details of each material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash. ## **3. Accounting policies** ## **Basis** These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Circuit’s financial position and activities. ## **Income Recognition** Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability. ## **Resources Expended** This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources. ## **Grants** Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms. ## **VAT** Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers. ## **Tangible fixed assets for use by the Circuit** These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at 2015 deemed cost values. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The property has been reviewed for impairment. ## **Investment Properties** Investment properties - no property is currently deemed to not be held for the long term purposes of the charity. **Investments** Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA. **Debtors and Prepayments** Debtors and prepayments primarily relate to the payment of the September stipend in August. **Creditors** Creditors include both sundry expenses and specifically the 1st quarter assessment received in August. **Going Concern** These accounts have been prepared on the Going Concern basis. Ocassionally a minor adjustment might be needed to the prior year's figures. This year includes a £140 adjustment re an understatement of the independent examiners fee for year 23-24. |||**Circuit**|**Designated**|||| |---|---|---|---|---|---|---| ||**Unrestricted**|**Model Trust**|**Funds**|**Restricted**|**2025**|**2024**| |**4. Donations and legacies**||**Fund**|**(Unrestr'd)**||**Total**|**Total**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Donations|0|0|0|0|**0**|0| |Legacies|||||**0**|0| |**Total**|**0**|**0**|**0**|**0**|**0**|**0**| |||**Circuit**|**Designated**|||| ||**Unrestricted**|**Model Trust**|**Funds**|**Restricted**|**2025**|**2024**| |**5. Other trading activities**||**Fund**|**(Unrestr'd)**||**Total**|**Total**| ||**£**||**£**|**£**|**£**|**£**| |Lettings (Frome Manse)|18,200||||**18,200**|16,500| |Lettings(Street MC)|10,163||||**10,163**|10,878| |**Total**|**28,363**|**0**|**0**|**0**|**28,363**|**27,378**| |||**Circuit**|**Designated**|||| ||**Unrestricted**|**Model Trust**|**Funds**|**Restricted**|**2025**|**2024**| |**6. Investment income**||**Fund**|**(Unrestr'd)**||**Total**|**Total**| ||**£**||**£**|**£**|**£**|**£**| |Central Finance Board|20,399|7,157|0|2,529|**30,085**|38,659| |**Total**|**20,399**|**7,157**|**0**|**2,529**|**30,085**|**38,659**| |Note Backdated Interest from 22/23 of £2110||re Ruth Tucker|Bequest was transferred from|||| |Unrestricted to Restricted Fund as per instruction of Independent Examiner||||||| ||**Circuit**|**Designated**|||| |---|---|---|---|---|---| |**Unrestricted**|**Model Trust**|**Funds**|**Restricted**|
**2025**|
**2024**| |**7. Other Income**|**Fund**|**(Unrestr'd)**||**Total**|**Total**| |Other Income (Misc)
**1,123**|**0**|**0**|**0**|**1,123**|**860**| |**8. Capital Receipt**|||||| |Tfrd Trust fund/Sale of chapels
15,878|183,039|0|0|198,917|-| |Proceeds from sale of Wedmore MC and Receipt of Funds from Axbridge||and Wedmore Churches|||| |**9. Payment to Trustees**|||**Thisyear**||**Lastyear**| |Payments made to trustees or related family|members for||||| |additional services provided to the Circuit by|agreement||||| |with the Circuit Meeting||£|0||0| |Number of trustees who were paid expenses|||18||18| |Nature of the expenses|||||| |Expense payments primarily relate to reimbursement for travel, stationery, postage and computing costs|||||| |Total amount paid||£|21,348||17,293| |**10. Fees for examination or audit of the accounts**|||||| |Independent examiner’s or auditors' fees for|reporting on||||| |the accounts||£|900||840| |Other fees (eg: advice, accountancy services)|paid to the||||| |independent examiner or auditor||£|0||0| ## **11. Paid employees** |**11. Paid employees**||| |---|---|---| |£
Supernummeries and Preaching fees
£
Admin Charges and Apprentice Levy
£
**Average number of staff employed during**
**the year were:**
£
£
Employer’s National Insurance costs
Pension costs
Total staff costs
Gross wages, salaries, stipends and benefits in kind
£
**Stipends and related costs paid during the year were:**|204,341
20,420
22,901
1,800
1,551
251,013
9|| |||174,460| |||15,018| |||34,401| |||1,490| |||536| |||225,905| |||| ||9|8| No employee received employee benefits that totalled more than £60,000. There is no accrual for holiday pay as it is not carried forward. ## **12. Tangible Fixed Assets** The buildings now comprise of 5 Manses located in Castle Cary, Churchill, Frome (x2) & Coxley. Castle Cary, Churchill and one of the Frome Manses are currently occupied by serving Presbyters. The other two Manses are currently let on a commercial lease. The Manses have been valued as at 31/8/15 on the 'Deemed Cost Basis' or actual cost if purchased since then. Values of potential sale prices for each manse were compared on "Zoopla" in 2022 and found to be in excess of recorded values by at least 28%, it is considered that no impairment is considered necessary this year. ## Cost or valuation ||**Residential**
**Land**
**£**|**Other Land**
**£**|**Manses**
**£**|**Other**
**buildings**
**£**|**Other fixed**
**assets**
**including**
**motor**
**vehicles**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Payments on**
**account and**
**assets under**
**construction**
**£**|**Total**
**£**| |---|---|---|---|---|---|---|---|---| |Balance brought forward|||1,931,734||0|||1,931,734| |Additions||||||||0| |Revaluations(+/-)||||||||0| |Disposals(-)||||||||0| |Transfers(+/-)||||||||0| |Balance carried forward|0|0|1,931,734|0|0|0|0|1,931,734| |**Accumulated Basis**
**Depreciation Rate**|||SL or RB|SL or RB|SL or RB|SL or RB||| |||||||||| |Balance brought forward||||||||0| |Depreciation charge for year(-)||||||||0| |Revaluations(+/-)||||||||0| |Disposals(-)||||||||0| |Transfers(+/-)||||||||0| |Balance carried forward|0|0|0|0|0|0|0|0| |**Net book value**||||||||| |Brought forward|-|-|1,931,734|-|-|-|-|1,931,734| |Carried forward|-|-|1,931,734|-|-|-|-|1,931,734| ## **13. Investments** The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments. TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference. |**Analysis of investment movements**|**Analysis of investment movements**|**Thisyear**
**Lastyear**
8,819
8,803
8,819
8,803
8,803
8,171
16
632
8,819 8,803
**This year**
**Last year**
**£**
**£**
10,148
13,263
1618
4,614
1230
0
12,996
17,877
24,506
11,383
24,506
11,383
2,230
1,949
47,535
46,010
49,765
47,959|**Thisyear**
**Lastyear**
8,819
8,803
8,819
8,803
8,803
8,171
16
632
8,819 8,803
**This year**
**Last year**
**£**
**£**
10,148
13,263
1618
4,614
1230
0
12,996
17,877
24,506
11,383
24,506
11,383
2,230
1,949
47,535
46,010
49,765
47,959|**Thisyear**
**Lastyear**
8,819
8,803
8,819
8,803
8,803
8,171
16
632
8,819 8,803
**This year**
**Last year**
**£**
**£**
10,148
13,263
1618
4,614
1230
0
12,996
17,877
24,506
11,383
24,506
11,383
2,230
1,949
47,535
46,010
49,765
47,959| |---|---|---|---|---| |Investments listed on a recognised Stock Exchange||||| |Investments held in common investment funds,||||| |Securities not listed on a recognised Stock Exchange||8,819|8,803|| |Other investments||||| |**Total**||8,819|8,803|| |**Change in investment values**||||| |Carrying (market)value at beginningofyear||8,803|
8,171|| |**Add:**additions to investments at cost||||| |**Less:**disposals at carryingvalue||||| |Netgain/(loss)on revaluation||16|632|| |Carrying (market)value at end ofyear||8,819|8,803|| |£
£
£
Assessments in Advance
**Total Current Liabilities**
Bank balance held in Co-operative Bank plc
**Total Cash and Bank**
**15. Analysis of current liabilities and long term creditors**
Creditors
**Analysis of cash at bank**
**14. Analysis of current assets**
**Debtors and prepayments**
Pre paid Stipends
Other prepayments
Other debtors
**Total debtors and prepayments**||**This year**
**£**
10,148
1618
1230
12,996
24,506
24,506
2,230
47,535
49,765||| |||||13,263| |||||4,614| |||||0| |||||17,877| |||||| |||||11,383| |||||| |||||| |||||| |||||11,383| |||||| |||2,230||1,949| |||47,535||46,010| |||49,765||47,959| ## **16. Capital Commitments and Contingent Liabilities** At the 31st August 2025 the Circuit had no capital commitments. No Contingent liabilities were identified at 31st August 2025. ## **17. Loans** |**Church**|**Purpose of loan**|**Purpose of loan**|**Amount**
**brought**
**forward**|**New**
**borrowings**|
**Loan interest **|**Repayable in**
**the year**||**Balance at**
**year end**| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||||0| |||||||||0| |||||||||0| |**Repayment due**||Totals|0|0|0|0||0| |||||||||| |Due within 12 months|31/08/2026|||||||| |Due between 1 and 5 years|31/08/2027||31/08/2028||31/08/2029||31/08/2030|| |Due later than 5years||||||||| ## **18. Detailed analysis of individual fund movements** ## **Unrestricted Funds** |**Unrestricted Fund Name**|**Opening**
**Balance**|**Income**|**Expenditure**|**Transfers**|
**Gains on**
**revaluation**|**Closing**
**Balance**|**Purpose of the fund**| |---|---|---|---|---|---|---|---| |General Fund|1,950,190|271,416|418,009|176,735||1,980,331|| |Trust 14855 Long Term
Development Reserve (GF)|154,414|14,567|1,152|(13,415)||154,414|Property Model Trust
Bequests| |Trust 6874 Unrestricted
Bequests Reserve (GF)|68,915|3,227|224|(3,003)||68,915|Amalgamated previous Model
Trust Bequests| |Designated - Trust 14855 Long
Term Development Reserve|200,000|0|0|(60,000)||140,000|Designated Funds for Lay
Workers| |Designated - Circuit Model Trust
Fund|157,621|190,196|55,109|(100,000)|16|192,725|| |Totals|2,531,140|479,405|474,494|317|16|2,536,385|| |**Restricted Funds**|||||||| |**Restricted Fund Name**|**Opening**
**Balance**|**Income**|**Expenditure**|**Transfers**|
**Gains on**
**revaluation**|**Closing**
**Balance**|**Purpose of the fund**| |Trust 13535 - Training &
Development Fund|1,158|55|4|||1,210|Training of Circuit Staff -
Internal Organisation| |Trust 10117 George J Dyer|6,923|146|23|(124)|13|6,936|Support of Circuit Activities| |Trust 3666 Seymour Bequest|7,246|217|24|(194)|(23)|7,223|Support of Youth work| |Ruth Tucker Bequest|15,848|2,110|509|||17,449|For upkeep of Wedmore
graveyard until sold / £2110
transferred to account re
backdated interest to 22/23 as
per IE recommendation| |Totals|31,175|2,529|559|(317)|(10)|32,818|| |**Endowment Name**|**How the capital is**
**invested**||**The current value of the**
**capital**||**Annual income**||**What the income was used**
**for**| ||||||||| Ind•p•ndent Exwnlnorf¥ RO￿ toth• TnjIt￿ ofth• This Repr*t i8 on tha¢lrty*A￿Urth fryt￿ par •nd•J 31°Awwi 2C2S R•Sp￿tly• rn•pon•lbllffh• rffru•tM• •nl audit ￿ not r¢quiRd fr)r Ih$Jeèr yTraerS•¢bon 144of Il* CP•rit*SAd2011ltreCh•ntss AL#1 •ftd th•1 wi independeftt èxaminabon ￿ n¢Ed¢d. my re•pongbiltylo." xamino the ￿t￿rtIa￿￿￿￿8othoTh 145 oftroCh•thsA¢ lofolh>w thv procedurns drywn inthe 9vrffjrnl 9P4•7 tythe Chwts lostate *ttether Part￿11￿M•11￿9 ha￿ wnet) myattefiiw. Of Exam￿r* R•POrt Ind•p•nd•nt Ex*mln•rfs St•t•m•nt In conn•ction with rny wimlnth￿. llo ¢%¥Mto ry . to knep •ectyJntirffj in acoirdanc• 130 ofth• Clarit*s Att . to wepare 4ccountswh¥* axortt￿ththe 8ccrthino TE¢ad$ 8Th1 ￿mpty1ththe accounting h•v• not b••n m•t." or to*thith. in mycyinTrJn. bedmm li tyd¢rto unLknt•vJTvJ olthe attI)un￿ to be r￿d￿. Name gnilure 16 Rebvant Professiw4 qulthb.on 15 Ba9bn A*fi￿. K*19$th￿. 3rd￿. 8S15 4XS DECLARATIONS Treasurer the (x)ntrol ofthe Ciryrt IAeet Svdttatur•ofTteu￿r Isl. Name AddrBsÈ 16 kacia Frtyrn. Ult 2TS Pmentstlon to th• CIrC￿ Al••tlThJ for approval. 1￿ M&y 202¢ Signature of ts ChaiTolth* maoling N*)* 01th8 Chair olth• me*1