Southampton Methodist District Annual Report and Accounts for the year ending 31 August 2024
Southampton Methodlsi Dlstrfcl Annual R•port for the year endlng 31 August 2024 ObJ•ctl¥•• and Actlvltle• The Di8trrfs vwn Is lo be a vhwe Circuits. L(x21 of al aFs accompanied and encwra9ed lo respond lo g)spel of Jesus Ctyrfist ar partpate n (krfs mission In the poww of the Holy Spint. The Dislncl's pfK>rrties are to.. Glve piiorily in usirwJ Ouf finite reswrces to SUP[1 cIrrtS th are eng'ry in tre roshaping lor missw pre$s., SuptM)rl Local Churches and Circurts in providing a safe Fffdessional and l&pl environffw Encourage Local Churches lo expfore and tr1 vtays of bar¥J 'churth'; Encourage and resource Christian 8MlIa and disaship acTOSS the th'strrt Develop partnerships wilhin Ihe Dislnct and the wder (thI atsj text fcLxts&J on missK)n. and lo engage with Ihe Inter-faith Landstspe. The District's ways of workir¥J ind4MIe'. 8uilding quality retatK)nships across our crTrJJrts arnj wth grA¥)5. Cl¥ lfr1 arrfl tre wider connexion Deploying the resour$ over which we have stewardship effertNdy and fiexitty gran15 lo Churches, afojts. unNersrty chaFlainaes and eoJmenKal grcmjps o Engaging in IheolcoKal rellectson and prayerful discemment w+ll Wp us Und rrdssnn lully DevelopiTrJ arKI sharing best wath. Achlevements and perlonnance The pnncipal purt)se of the DtrICt is to ad as a SUPF#ytsrrfJ t% been Ihe CwJbts aThJ the Connexion. The Distnct has limrted direct cont&1 wth the putJK. tts rcAe Is to SUPM curtts5 arrfj the Circuits in their desi lo provide benefrt lo the publ. During 202>24 there were 12 11 Distncl. From 1 September 2024 there are 11 ryrcurts In the Dtncl Ik.j the ot Basingsloke and Reading and Kennet and Tesl Valley oroJrts to fomi the Berkshsre arkj Harrp5hwe Borders circuit. On 1 September 2024 three churches. a eSbYler and a manse trarsterwl frrxn tr Yeovil and Blackn Vale urcJJrt lo the Salisbury cir(JJrt and a chur( transferred frcxn tts YecNI WKI Blackrmre Vale Circuit to Somer5et Mendip cirojrt in the 8nstr)l Distr. The Yeowl and 8l>rwp va arcuit continues lo expl OPFQrtunrbes lo ts"nue its fTussion In partrv5hip IXW (xrx In 202>24 the DistrKt paKI grants from the Distnct Athan Fund Ihat tctslknj £167.527 to ctKrctss. rcuts, university chaplairries and ecunAl grwps. The DistrKI Propety grants. gfanls for the ajaplion of buildiThJs to enab delwery of mbn6ty KI t their community. Mission aThY ministy grants. grants to suptxyt staffirvj m Circts. kw21 cKwcs. iy chaplaincies and ecumenical groups. The Distnct also gives grants to indNiduals lo wJppJrt deveh¥ Iiwmsty ¥11 ) ung people in attefNlirwJ 3 Gerwale. The Ek'sthct had three dire( emtk)yed staff at 31 A$1 XJ24. A1miratY. Inlergeneralional Misswjn Enabler and DistrKt Safe9uarding Officer. A Ne Pl ts Ne$ P PK)neer wa5 apwnied to tske lornard the CpasS mecl In P(¥tr4Mth pf 1 SeFerts L24. The New Places for New People prcfjecl prcyJressed wth resewch Io nwsswi opwrtunitses In the Salisbury afKI Y1. In January 2024 the thstrKt aChd an E DK%trK frryn A Rcthth.
Southampton M•thodlst Dlstrlcl Annual Rèport fof th• y•4r endlng 31 Augusl 2024 organis811 musl have an K1entffiae benefit.. thé benefit must be to kn11c or 8 of Ihe put4ic The C1(ch eXts Io. increase awareness of GCMJ'S presence to celebrate G(xl's o help people to leam and grow as Chnsbans, Ihrc4Jgh mutual supw)rt arml cwe.. afKI o b8 a gcod newJhLwr to In need and challer¥Je Injustjce. The tNslees o)nsidw that ts these ttKee fgasons the {ty moets these benefft requirents. The Distnct relies on vC4unteS to SUPFNt dNery of rts otyaNes. Vcdunleers as office holders and on Distnct Committees. SUPF#Xt the pro(xsses Ihal lead to ihe Inwtatson of ministers ar lay empb)yees lo serve acxoss the Distr( and supwl wrth ihe of SyTrxl and rknr meetsngs Flnanclal Revl•w the year ts DistrKI re1veAl tcrtal inc£Nrn of £566,650 (2023.. £428.46418tMI spent £452.369 (2023.. £434.5841 Ai 31 August 2024 the h8d fuThls totalling £1.385,10712023'. £1.256.310}. The Distnct's funds have increased dunrvJ the year pnmanly due to better perf(wmance against the OistrTrct's invested fiJThJs. an •ease{l distnbuled from the CIMnex¥Jnal Advance arn Property FuTrJ aTrJ the payrn1 of a grant sXevsty made to the MethLJisl Ministers Pensth Fu1 ReseNe In 2021. The DistrKI has three pnwpal sources ol incorn.. Assessments on Circuts wthin the $tr1 Lev5 on the Trust Funds of Circuits thIn the 8tMJ se are used to adminisler the Distnd and to wovNJe grants kn arrts, CttUrd 8ThJ iThJividuals In Distrct to supwmt their mintsty. Tr Dtstrt does not hJThlraL%iNJ a1vrtS to ratse fvrKls frw the wb1. Circuits lewy assessrrnts thurches to rt the running costs of the cirojit and pay Ihwr Dislncl and Methc¥Jist Church Fund aWsSnnts. The coronawNs paThlemsc caused signifunl fin8ncJal challenges fty churches." me churches have not recovered their lettings Incor and some have ceased to meel f( rKship. Increased utility costs and pay cost inflation have ded to the finano chaUerMJes by churche5 al circuits. AN circurts paid their Oistnct and Melhcrfjisl Church Fund assessments for 202&24 and no orcurt has indicated they are unable to meet their 2024-25 assessments. The prinapal nsks laung the Disthct are.. Circjjits beiThJ unat4e to pay their aSSessmts- CW(rtS are (nSUlted C draft asseSsMt amoufits. Grants are availat4e to support circuits who have short lem thallenges paying their assessment. In the medium term urcuil reorganisalions are bw'ThJ exed to rgsoe Cats to reflect the charoing availabilty of reswvces lo lund ministry. Safeguarding matters are not restx)nded lo appropnatdy - the District Saf6guarding Officer Sup[K the Distnct to resporKJ appropnatdy lo safeguwding IXnce irthling Vrth extemal agenues where appropnate Lack of volunteers or paid offirS to cover key rol8s- tt)e Th'slriLI shares resou o lattJesl cwcuit en8Ing key r¢Jes to be o)vered. The Distrid lntlY hdds reserves in ex5$ of rts reserves pcdy so Fbjkls S( fuTrts lo enth rt to mate the impact of rK)n payrwit of the Distr assessment by some cir115. The trustees beIve that the Distnct is a going concem pnnop8lly because the Cirlts 8ffj ex[tth to conbnue to SubstantllY meet their assessments in 2025. cirrajits should be able tr) maintain reserves with the proceeds of the sale of chufd) buildings that are deemed to te surplus and I District has adequate reseeS to cover a slKKrfall in anb(ipaled ir. Investm•nt pollcy and p•rfomianc•
Southampton Paethodlst Dlslrlcl Annual Report for th• y•ar endlng 31 August 2024 3.7.1 To wth Methcdist StsndiThJ (kn. f( tern Nes we trt TnJstees for Met1$1 chu P(XFWS ITMCPI TMCP Kts as (XKstCx1i true4ee 81 r88(8sts Ild by Distn(Is and ts all lover £20kl bequests aThJ of sale (rf rn Dr&y (v+med by the District These sums are Invested In urMtts&J Ipiesvwits ¢Y W op 4W.. Invests1 rettjms are dctse to trrrtJ tr in fv FTSE1LKI T7 Folicy Is aligrd wrth that of tlle CFB and TPACP tcause these cry8nts8tK)L% tske ith investments yjrtable fcf the Mettyxltst Chu mtwest. It Is ts DLtrt'S to manage the cash arKI Inrnent of so th81 a r8ts cl retum InVestrn1- t(Jth by way of dNKlend and eapitsl aFvec>Wth_ S le8St as Res•rv•s Polky 8.1 Unrwstrict•d Funds Maintenan of Chairs Manse. Our reseThes F(Ai(ry our general ftjrhy L8 lo W at leasi f ffK)nth5' exFerkJitrJe In harMY ThLS Is £62,L)X). At 31 Augtst 2024 levd of luntt resw lhJ aS £138.45312023' £129,187) The Di8thcl's gerwal reseNes Irxxeawj ¢kniry tr wr m• thje lo the Lay EMF4oYrnt Officer p)st beiry vacant for mosl of ts ar. k)wer trn exFwdrture on traNel a5 an unrealis&J gasn gen fvnds InSted vmh fv Trusw tLX meth%1 Purr)ses. The "S1Ct.5 general fe$en exFected to M1uce to a th8t ts dosw * Ks reseTres over rext 3 years. at 31 August 2023 was £45,88812023: £49.5951. This Is eXptea to rext ws ATr rthw fundirMJ for this fijnd u)me Ir(Nn Ihe oLstr1 ALfvare FuThl. The Distr acts as a(xxwntir¥J iw for the UnNer5ty of PINtsffKxth free cJ)arArty thaplain Is a Unrver5ty emF4oyee trxrt re(%rves a albare from Dtstrftx Wew.x UR Synod. The PortsnM)uth Univerwty ChaFA8incy Fund Is t1 to rellecl fv p8yrrrf of h(xsSIW alk)wance and the assoaated ifKxyne frcrfn recharyes of costs to Wewx URC Tr balaTr on the fund at 31 August 2024 was £512023 -£78 defk)tl The deficrt was In 27_ 24 thrwgh an al"uslThEnl to DistrKt grant to re1 the NalM)na IwfarKe payment of ttle housin9 all¢y•van. The (an9es to emityrs natx1 InSwa[ rates 8fK1 thresholds from April 2025 wll require a fvrther adjUstnI to the Distncl gvanl to turt The Misston AbNJside the frjnd hclds ts funds distrityjted by to DtstrKXs funts are used to pyovth grants to churckn and cxrx]ts Io SUPF¥Jt oytvNnths 7h of liviro related rssues The ban on the fund al 31 Augu 2024 was £14.649120:.3 £.: The balan on fund Increased durirwJ the year due to a further all(tK)n trLwn th1rXi4. The Propety Reserve reflects the value of the Disln"ct manse. The Manse w8s rev31 8S •t 91 Aust 2024 so the reseThe reflects the market value at that de £735.CrfXJ (2023.. £735.CW) 3.8.2 Dlstrl¢t Advanc• Fund (DAF
Annu•l R•pwt fw th• yw •ndlry 31 August 2024 arKe b• p•Y J••5 Iho b• * 31 Aiwst 2024 TW•S £Y)2.7 12023 £177 5171 The bd•rth KKyoas•J as 10 KKyv•$8d wx1 3JJ R•strlcl•d FurKI• Jer5 Iry 1 Dth1 The bal8rte hold 8131 WI 2024 was £IX).837 12023 £123 7475 rAy b Ihs fund mnI81n a babaw of al18w £70.C(Kt kn Iw•J rna5 Lknrya (k lo an unrea115ed Investrnl gain ¥bhJ we In [Kyl The reseryes trus FuTrJ ts to m•nl•n a bd8nc tst £2.131 IYJ23 £3811 year trus f) cwsed LFwatsng tts remginiry ftJThJs1£4321 tre patyj to Clxffcw T(¥)et m New F45 kn Nevs Pg¥le In P(ytsnMxth tknirNJ 2022.23 the was thar(11 8 c0nrexmx1 grant io part fund phase 2 01 ts prcct and res8wth 8CM&S In ott cjrcuits ID oxpkx• I£28,) wa5 pa#Y 2022.23 The balarK at 31 W 2024 was [14,46912023 £28.8461 t1va 202J?4 vrns expeTrJrture M resoaTch actseS In the SalIsry ar¥J YwyA The assessnl s based M the stsffiro W of the Qrujrts aTrJ used ts) defray rrThl ol ts c(6t c ninstenng the In 202&24 this sum to £120.01212023' £120,CIXII. 3 9.2 E&h Qrojrt a reseThe knthvn as a CirrJJrt Trust IcKffFI Is a le b•sed the syze of the Cirairts. CMTFS at I Seplerrthr 2023. ThL8 Is ¢TrJited lo the D15trKI Athance FUNJ In 20Z3-24 thLS sum was £163.26912023: £165.6381 red1 the refiects a In th• CiroJrt Mcthl Trust FuThJ balartes tetfen 1 September 2022 aTrJ I Seplembw Xi23 Disthct their monthty conthbutK)ns lo the Methcrfjisl Church Fund IMCFI These $Ths as agent the MCF and are passed to the MCF later In the same nth. 3.9.4 Funds received by the Ditstr as agent are rK>t rec£4Jntsed as an asset In the finaThJal Sla1wTts becajse the fiJTrJs are Tr)t thin rts oJntrc4. No fee 15 8am8d restd ol IhLs •JerKy and the DistrKt IrTS no cost Ihrwh this a[rangeftt.
Southampton Methodlst Dlstrlct Annual Report for th• year endlng 31 August 2024 3.10 Plans for Future Pofkrfls .3.10.1 In light of the reductK)n in financial rereaS available to circuits and Min that e avail to te staboned the OtstrKt WN omtinue to revEw the stnKth of rts grrtS. 3.10.2 Durin9 2024-25 thwe VAII be p¥b¢)JlaT frKus Sr¥j a stainable in th8 Yeowl arKI BlacknN)re Vale Circus1 in arkXh Cffrt. 3.10.3 The rArtoJffE from the researth athwty undertaken thnyxjh the New pla for New Pe(We th in two circJJits is also due to be Teviewed InformiThJ decisKJns futu rThnisty in these orEJJrts a OPEnitIeS for the exlension of this research acts.vty to other cirojtts. 3.10.4 The Districl will continue lo imment rts EnvIrOnrntar Poty. This i11deS measuriThJ its cart4)n fwlpnnl from dislnct fijnded travel. The Distr1 wjll also 8Y AC kn HO fuThJiTrJ frcth ConnexM)n. This wll in(Tease the grant fvnding availatde to SUPF(fft CUr( to undertake wc Ihat reduce the cartwi footwnl of rr pternL. 3.10.4 The Oistrict will also seek to re(rt to a Lay EmployrrÈM AdviKK FX)St to gJptKKt crcuts aTrJ thw(Jes in scoping lay empkyee roles and $Sl1Y re¢7uitsng lo and managirrfj tts5e roles. Trustees. Responslbllttles each financial year erNJirrfJ C 31 AW the Tfustees e rewirgj to wep¥e fin381 staterrwts that give a true and fair wew of ttle ois1r'S finarhial activ.eS rirVj the year and of tts finaaal sition at the end of the year. In prepariThJ these financial statements. the Trustees must.. make judgements and eslimates that are reasonatde and prudent o follow ap ble a¢xwntrrKJ standards prepare accounts to mElY wrth the Chaitbes SORP ac(xJracy at any ts.me the finanaal Fs1tn of the Oistnct and enable to ensure that the finarthl statements mplY wrth the law. They are also reSponSle for safeguarding the assets of the Distnd and hence tsrj reasonable steps for the weventKsn atij deter of ots The Trustees are reSte f(K the Maintenan aTrJ inlegnty of the (xYFmte finanria infcffiwtion irHjIj on the DistriLt's vrte. StNcture. governancg and rnanagement The District is an uninCorFIed asscoatKJn and is govemed by the MetlKyJist Chwth Aol 1976, the Commission on 18 February 2010. Circurts are the co)rdinating ChareS for local groups of Crtjrrt. CThuJits pay t min¢51ers' sliw)ts and employ lay stsff lo serve the churches In the circurt. st deo$)$ afe made lx rya1J by crwtt A Distnct is the cTrordinabrwJ tharrty for a gr(p of CirrtS aThl makes rts doosws at tr h*f YB synods. oversvjht of ts Varm Ministr crf the Cthh. aTrJ in of tsnry.
Southamplon M•lhodl•l Dl•lrl Annual R•port for th• y••r •ndlng 31 Augu•l 2024 provKJino rmwthnnl8s drcults lo IIWhY And #UPFMy1 oll offering 18swrrs (financ8. wrnonnd 8nd exi)prtiAel lil wpiyyl ri1 The wrpose ol the MeltKrfJlsl Chwch 18 to th8nc• ihe Cl)rtt141i fHrth Ill stsndards and the discile and the LharilabFp purtM)seB ¢)f •ny rJ)nnvNN)n•l, diwtTh l ¥'ityiil. Ifx'.Al any 0th6r ¢xgan1s8tn. 3ty InslthJtKM •thklly (X Rn¢)IAry lo r,hiff The MetlKxJi3t Ccffileronc• meo13 04 a year J8 lh8 d@rM)minallono1 Imxly frm AV thurCS C11 rwilal(ry auttKYily re%lB wlh Ihp. MplhThlil ConlwpiMY¥ IMement th1sion3 made by Conlerence Inclwlifig Ihp i18lioiiiiiu i)ip41)yt•FB 01111 i1•wl In iTrJIvKlual urcuils wnlhin the Other (>nP.Ml(l (Irr.IBI()ri ain iia4Bwl lil Ilw ('Ii#w Lrf th• Dist1 and the apFcyIe officefs ol the thtrtl Imi%onwn18ti Th8 DistrKI passes rewlalrKy CA)ntrd to cycuil levpl f( I(1 IMpmen1mIv)n by Ihw B1w¢nIwj min15tor, mtnrslenal $laff ar¥J crcuil slowards and rogi11al aulh(ty 14 dolpu01 lil th•. iiftxjrf meeting lor certain matters The circuit nieelina passos rogulalory Con1n lo chiirr.h fThiiif.IlA low IMplenl by the wesbyier, minislenal slaff the LIluh 8lewanl8 aThl nVMY n111(vI Th1• regulaw autmty Is ItNryn exercised by Ch (x)uncllJ man8ylTrJ InJ8leeA Ihelr thJrfty The operates thIn a slalulory framvth ol g91Km} aThJ spekj ti) enwre IhAI Il lth methc#ji Stsnding Ofders 11 relios on the connexional team bmwl al 25 T Aw81(Kk Pl, L<xMI WC1H 9SF lo prowde 9uIOance on changps Ihal cryjld affert 11)p Di8lrrl 5.10 The rrrnb8rs of the Dislncl PoIY Commitlee {OPCI ale Ihe Iruslpe8 1)f Ilie D131Th1 Thfty a apn1j annualty by a vole ol Syn(MJ f(x a cA)ntin5 lem) TrIallY pxrpfvlinq AIM YPAI•. The Distn¢t Chair ex offiryo chair ol the DPC and certain olher Oixlncl offiixll Arp ex i)ffii.'M) rnembers Other memtW5 represenl the circui15 f(K a lTrrni ol Ilwee yv8rn whKli Ihiji hxvp I opF(rflunty to paThpa1e In ihe Ille ol Ihe DtrICt Cwcuil rewesl01m on thp. l)PC Allf)n)al•i been lay and ordained representats'ves. Mem1rn may be ellher mlnislern fN m@mbwB of In the OistrK 5.11 The DPC nomally meets four tsm85 per yoar and deal8 wrth rwline ATh1 ex(xplKM)al nwtterB 11 olN) transacts business between meetiTrJs by emal 11 ovwse88 Iho woth ol all (mmee1 and 8et up by SY1 to Support Ihe work ol the Distnct 5.12 The DPC reSprble fonnulabng arvj promolir¥J whlth will advan( Ihe rTNSSK)n ol the CINNrh In I circuits and I1 thurches aThJ In partthar. superWng the u80 ol TrsA)urtY4 1)f Iry)ty and finance and assisting k)cal churches and circurts hawng emceptiunal prdjemi ertcouraging Inler.cirwrt arKI ecumenical co.operalM)n a¢br¥J In an eXVe capacty In mattefs [Emittl lo the Clynmillee by th8 Sj o keeping thIn rts purview all Distnct roncefns nol deall with elsewherp. o contnbuling arKi resw)nding io Ihe devek)pmenl ol connexK)nal re.Ile(Iwl In I1 TAt)l¥ d IIMI Conlerence and the Methcrfjtsl cnc Its olhef rn8kM)nwblilth with any development In mind o swh oiher lunths as nY be a$sned to Iho cnmittee un(1 Meth(NlIBI SIA11 ( bTrg aware of Ihe publr guthnca issuod by tho Chgniy Commrn• R•hr•nc• and Admlnl•trntlv• Infofrn•tlon Na of the charrty Chanty Registratson Nter Pnncipal office S(xJlhampton MelFK)disl DistrKI 1134386 (Registorod In England & W8le•l 4 The Glade. TIKxnbJry Wcrfyj. CharKller'i S053 SAZ sbict Cha Rev'd R8chd Berv (Rev'd do Vile lo 31 W•1 20241 ReWd M8rtyTr 8wke• Imf8 Sandra Coalo• to Wl 2024)
Southampton M•thodlsl Dlstrtct Annual R•port lor th• y•ar •ndlng 31 August 2024 TTUStW8 me of the re{ being 01.. Rev'd R Bending (from Septembef 2024) Rev'd M Beukes Rev'd R Borgar5 Rev'd M Cheetham Rev'd B Coates Mr D Coales (to Decerrtw 2023) Mrs S Coates Ito August 20241 Rev'd P Cnspin Rev'd A de Ville (to August 2024) Dr J Evans {to 2024) Mrs C Holland Rev'd J Hughes (to Auwst 2024) Rev'd J Izzard Ms L Matththys {frryn Septents 2024} Rev'd D Muskett {frorn January 2024) Mr M Petter (to ALVUSt 20241 Mr M Parker {frryn Septemiw 2024) Rev d A Pottage Mrs R Pye Rev'd P Rayw (trTr Septerykn 20241 Rev'd S RthnxM {frcm Jarmjary 2025) Mr C Smith trs C StkeY Ctr J Tawn Mr5 E Ward {frDm Sewts 3)24) tr P YalTn Chair's PA arrtj Dtr1 Administratc Bankef5 CAF Bank Ltd 25 Him ANpnu8. lQrys Hll. West Malw¥J ME19 4JQ C*ntrg FInae Board of the Mettthist 9 knhdl Street LC EC2A 4PE stcxlian trleeS (JJham Street. mancIster M1 1JQ RG6 7LT 2025. Rev'd Rathet BendirvJ. l March 2025 Chair
120A112 Ix C1J1114?dYRFUTh 12411 J17A27 61412 Iwn 41 $72 135JS1 IZ131 7J17 97 lyi 2Jl81• Ik•••• 47• TM211 41X 12 44.101 41.773 %2S118 Ixny 4 IJ IX 161 IJ•ASJ
8hMt •• •t JI AkyJ•l 2024 Fun Fund• T91 Pl¥•d A•••t• D•irLt kn•• 13 15 1yJ82B XOA21 Cun•r•t A•v 14 ui Jgn Imiwtrr•ts TIKP 63233 5.412 70.912 ion• 147.746 5A12
,511 Cr•dorn ¥Jer 1 y•¥) Grwrs r•yatdD h 1 y•w Total 1n1 l•bllll•• 17 1.1 2SJ18 18 &962 1aO.117 1.117 $11Jl• l(7•1 IX51• 1J•J 1A5• 1¥4S1 FundB of th• DIBtrt Fj IUnr#v 139.4S) 130A5) 129.187 1702 1TT.517 1337,410 147.017 R#trttsd Fur*l¥ 117.8f7 153A Tot41Fynd• i)•MsJ 301702 7•S.)3S 147.617 107 1256J10 I 2rJ25
Cuhflow• Irom op•rntlng •ctlvftl•• Incomolexp•ndllur• for th• r•portlng pwknd (pwthe fln•nclJl •ctlvhl••l diuslnKynts lof DeprQr.wl charges (Gains11 bsses on nve61rywts a5sel rerfa DNKJenls, mloresl aTrJ rents frcffn rniestrTyts Lossllprofrfi on the sale ol assels (Increaselldecrease n StrkS {Incr8aselldecrease n debt IncreasL.Ildecreasei In credrtor5 N•t cash provldod by (used in) opwatww athit 121.7f chlI0WS from Invosting xtlvlti DNthnts. terest aTrJ frcwn Trie5trYyts Proceeds from Ihe sab of prorwty. pènt arf Purchase of proty, tlanl aThl Proce&Js from the sa of Thestrrwts Purchase of investmts Net cash provldod by (uséd In) investing •ai 34f- Cashflows from flnancino a(thlO Repaymenl ol borrtrfving Cash frcffi rthv Receipt of endOWnts Not cash provlded by (used In) fIndTh4 xti¥ith Change In cash and cash oqulvaknnts In the rvportry pw Cash and ca•h •quival•nts at th• b•ginnkng of th• ryrtwbg pThd Cash and ca•h equivalents at the of the r4)ortll4 pwy)d Cash n hand and at bank NOte dep%ts {le5s than 3 r5) Overdraft repayaL dnrxl Total ca•h and equtvalonts
rj IFRS 102,, iefth 1 J•wy 20"?, Iv Goknq eoncwn )FA Ix VAT
2.316 •L412 10211 1170 T¢**1
Yi 111Jl 7.1 17 75.421 2A71 21.N1 14.197 6x7 Totti 27s.1) ijii
isx Tot41 &•n IIoffli• PM fh• Fuhdl IfJ.02S .1.115 -1.71S •A1• 14.511 h tet is erwJknJ The WJ Diiw kn•K• FLTrl Th• MIH 16 Cqntrnl Finme• Bod ICF81 ¢•th li bank Crndrtor¥: Totsi ¢redkn¥ RErryiS Tclal ¢rakI TO of cr•dllOrn xc4u•d n * eAc ab 5urns xcrwl * 31 knJLYJI >J24 31 AW121Q5 18 Grnrt commltm•nti fffDm th• Dlth Adv•K• Fund Gr¥ts ¢rf£424.WJ weTe •131 24 ¥•Fwyth kn y•¥. P•y•bb• * )1 u•t 2024 Pay*l• * J1 AtyJ¥•i 2•23 lblY
Sr•uthampton Il•thodhi D1¢1
Not•s to th• AtC4wnts
Fwth• y•w•nd•d 31 Auqu•t 2024
Payrt n 224
Long l•nn Il•bll+ty
Pay3 n 2024.25
Payrt 2026
PJyatd8 22?
P3yats r 2027.28
74.928
48811
51.489
12.3
tornrnttm•ht
21 Voiurtt•V Conlrfbuthin
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