## **BERKSHIRE SURREY BORDERS METHODIST CIRCUIT:** # **ANNUAL REPORT AND FINANCIAL STATEMENTS:** **YEAR ENDING 31 AUGUST 2025** **REGISTERED CHARITY NO. 1134496** ## **BERKSHIRE SURREY BORDERS METHODIST CIRCUIT: CONTENTS OF THE FINANCIAL STATEMENTS** ||**Page No.**| |---|---| |Trust Information|1-2| |Trustees’ Report|3-5| |Independent Examiner’s Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Accounts|10-14| BERKSHIRE SURREY BORDERS MEfHODIsf ClRcurr: LEGAL AND ADMINisfRATIVE INFORMATION CHARrrY NUMBER 1134496 START OF FINANCIAL YEAR 1 September 2024 END OF FINANCIAL YEAR 31 August 2025 Rev Catherlne Bow5tead Mr Joseph Kwadwo Nsiah FCMA Mr Aiidrew Peter Knight Mrs Sandra F￿WiLl FCNA Mr5 Judith Ann Jones Mis Heatktr Maureen Brown Mrs Elizatrkth Ann Brown Mrs Sarah Co Mr Geoff Peck Mrs Margaret Anne We515 Rev gjbanathasar Sinnathamty bD Mr lan Henry Hamilton Mrs Lynne Paine BSC Mr Michael Bush Mr5 Kery Lynn Weir Mrs Christine Elizabeth Rwkfrmatthews Ms Pauline Matorxlo BA Mr ROW John G(xlden M.A Mrs Jane Ann Bonney BA Hons Rev Sharon Gardnar Mr Malcolm Suiter Mrs Kim Patricia Tame Ffh, A(JM Ms Sharon Wright Mr Keg Glossop Mr Benjamin Spain BSC Hons Mr Graham Fradgley BSC CENG Mrs Mary Glauert Mr All(Jrew mili1￿11 Dr Brian A Gennery MBE Mr RotÉrt aad( Mr Lee Kirk Elms Mrs Hazel Irene Gennery Mr John Hoskins Bsc FRICS Mr5 Christine Elizabeth Morgan GOVERNING INsfRUMENT Deed of unlon (1932) atKI the MethcKIisL Cliurdi Act (1976) OBJECllVES The puws of the Methodist Church are and shall tse d￿m￿ to have been since the date of union the advancement of a) the (hristian faith in accordan￿ with the dottrinal Standards and the discipline of the Methodist Churth,. b) any charftable purpose for the time belng ot any Connexional, distritt, Ctrcult, local or other organisation of the Methcdist ChLirch' c) any charitsble purp05e for the time being of any 9xiety or institution subsidiary or ancillary to the Methodist Church. d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Metrthist Church. BERKSHIRE SURREY BORDERS MEfHODIsf CIRcurr: LEGAL AND ADMINIsfRATIVE INFORMATION PRINCIPAL ADDRESS The Methodist Centre Rose Street Woknngham RG40 IXS PRIMARY BANKERS HSBC Wokingham BrèrKh 1-2 Matl(et Place Wokingham RG40 IAL Central Finance Board of the Meth(x1ist Church 9 Bonhill Street London EQ2A 4PE The Trust￿ for Meth(xdist ChU￿h Purpx)ses Central Buildings Oldham Street MarKhe#er Ml IJQ INDEPENDENT EXAMINER Alison Elliott ACA, FCCA Butt Miller ￿Mite l Minster Court TLL5cam Way caM￿deY Surrey GU15 3YY BERKSHIRE SURREY BORDERS METHODisf CIRCUIT TRusfEES REPORT FOR THE YEAR ENDED 31 AUGusf 2025 I Certain offi￿r$ and electsl representatives of loThl churches 2 Minister5 ap[Y)int￿ to the Orcuit by the Meth¢)dist Conferen 3 Officers apFK)inted to ￿rtain jobs by the Circuit m￿ting. Summaryof the main actiwb£s undertakn for lfiepublic i￿nefitM ￿lation to the obJ6rts of the charity.. Provision of regular public acts of worship OFen to memlxrs of the church and non-memtErs alike; Pastoral work indudir¥J visitirKJ the and ￿￿eaV￿. Promotion of Christian artivities through the stagirKJ of events and Se￿￿. ptM)rling charities in the UK and overseas finarKially and with prayer. Achievements and Perfornian The seven churches of the Berkshi￿ Surrey Borders Circuit work together to provide a minimum of 35 services of worship each month, ab)ut a quart¥ of these will include Holy Communion. Worship caters for a variety ot preterr& styles and tastes arKJ Include traoltsonal and contemw)rary sty￿, inter- generational worship and "Messy Church". Several churches offw mklweek services, prw grotry)s and fellowship groups. All of our churches meet in person for worship but some wVI￿S are live streamwj, use the Z￿M pla￿Orn or are r￿e￿ arml available on chur(h websites. Ministers In the Circuit are available to CO￿J￿Lt w￿ldIngS, funerals and baptisms for church mem￿r5 and for members of the wider community on reque5L The Circuit provide5 safeguarding training for people worknng with thildren and vulnerable adults. All those in leadership roles have tsken both Foundation and Advanced levels as required by the Methodist Church. urch Members whose role requires o DBS are prompted by Cirajit ¢Y local thurth Safeguarding officers to keep these checks up to date. Opportunities for training for many a￿$ of the thurch's life (e.g. preachingi worship leading, stewarding, safeguarding) are offered within the Cirojit or in co-owdtion with neight(suring Circuits. Ecumenical co-operation and partnership is a feature of our Circuit - 3 of our churches are Ecumenical Partnerships. Churches are encouraged to participate in ￿UMenicaL events. They also participate in Communlty events- several of our thurches t￿k part in the.warm Spa￿. initiatwe, we artively supF¥)rt local food banks and our Crowthorne Churth supports an after"schwl drop in, Churches are encoura￿1 to use the(r bulldings as a communty resource, and several a￿ well used by local indiwduals and gmups. Advi￿ about the maintenarKe and upkeep of our buildings is provided by the circu￿ and Methojist DistricL Individual member5 and thurches SUPF¥)rt a number of Ic(al, national and international charities through personal gimng and fundraising (e.g. s[￿ls￿d events Acbon for thlldm, colkntk)ns for Chrlsdan Ald, donations to fc%)d banks, etc) Flnanaal review The Charivs annual re￿ and accounts for the year ended 31 August 2025 have prepared in accordan￿ w￿h the Charities Art 2011 and the Charities.. Statement cl Recommend￿ Practice 2015 as applicable to the Financial Reporting Standard (FRS) 102. There was a deficit in the General Fund, before gainsllosses on investments, for the year of £18,131 compared with a deficit of £26,251 in 2023-24. The budget for the year anticipated a (Èficit of around £19,000 G￿eral Inc(xne for 2024- 2025 was 4.7Wo higher than the prevK)us year at £275,n4. Assessment income wa5 reduced slightly in the ￿lor year in line with the pjlicy to redu￿ the burden on churthe5 during the Covid pandemic. General expenditu￿ was 7.5% higher than the previous year at £306,905. Fu The Qrcuit hokls unrestritt8J generdl funds of £2,258,476 (prewous year £2,254,240), of which £2,259,212 is the estimat83 market value of the three manses (previous year £2,236,845). The Designat8J Fund for Manse Main￿an￿ holds £39,007 (previous year £52,027). The Cirojit also holds £141,870 in its Model Trust FuThJ (previo￿ year £140,345). Plan At their meetiTrJ in D￿lber 2024 the arcuit T￿￿ee5 have agreed that the Berkshi￿ Surrey Bortsr Methodist Circuit should merge with the Hants Surrey Border Methodist Circuit with effert from I September 2025. The Circuit's assets, staff and rn￿1￿r churches will be inCor￿rated into a single Circuit chlled BlaCkWat￿ Valley M*hodist Circuit. The Berkshire Sury Border MethcKii5t Qrcuit will be dissolved after th* annual accounts have been agr￿d at the Cirojit Meeting in April 2026. The Charity Commission will te inforn￿ at the same time these a(rounts are sent to th￿ with the annlkil report. Risks The Trustee5 have examined the principal areas of their operatI(￿S and considwed what major risks could arise in eath of these areas. The mai)r risk to the operation of the Circuit is that we afe un5uccessftJl In attracting a Minister to fill any vacant position - this risk is mitigated by the ststioning prO￿S of the Methodist thurth, which aims to provKle ministers for openings sUPPOrted by the District, and in part by the ability to recruit lay wod(ers. In aédltlon, we note that the Grcuit is ￿VIlY dependent on volunteersi parti¢ularly In temis of managing Propty and Finan￿. Lack of volunteers in these areas runs the rlsk of failing to meet our commitments as a Charity. The major financial risk to the Qrcuit would arise if one of the larger churches (wecially Woknngham) were unable to meet its Qrcuit Asse55ment due to a r8Juttion in giving andlor in property things. This risk is mitigated by both the Circuit itself ar￿ the individual thurche5 having a ReseNes Policy which ensures adequate reserves teing in pla￿ at all times to meet any shortfalls. The CSrcuf£ needs some free r￿￿1VeS in p*e to enable it to meet its obligations in the event of an unextEcted shortfall in income. Free reseNes as defined by the Charty Commisshjn are unrestricted fvnds availabte to spend on the general purFoses of the Clrcult arKI tlierefoiE eKdude those d¥ignated for specific putposes and those already utiliwi in purchasing tsngible assets. The Trustees of the Circuit believe they should hold free r￿￿e5 sufficient to cover at least six months, expenditure plus £50,noo as a prcwty reserve for major repairs. Net cU￿t assets in Unrestricted and non-designated funds were £180,877 at 31 August 2025. We makp provision for our property Maintenan￿ pr(*Jramme by designating £7,500 per year to maintain eath of the three manses. Any under or overspend is allocated to or taken from the de5igiidLd Manse MaIntena￿e Fund. This Fund stood at £39,007 at 31 August 2025. Public Benefit The Trustees declare that the Charity is a public beneffc ￿titY and they have complied with the duty imposed under the Charities Att 2uii ro have due regdrij to public EeJLefit guidance published by the Charity Commission. Approved by th• Trustaes on 21rt Aprll 2026 and Signed t)n their bohalf by Revd Nidt Oborth- Superlntendent Mlnlster Name of Circurf('. Berkshire Surrey Borders No: 36102 Independent Examinerfs Report to the Trustees of the Berkshire Surrey Borders Methodist Circuit Charity Number 1134496 Responsibilities and basls of report I report to the trustees on my examination of the accounts of the Berkshire Surrey Borders Methodist Circuit for the year ended 31 August 2025. As the Circuit's trustees, you are responsible for the preparation of the ac(Dunts in accordance with the requirements of the Charities Art 2011 ('the Act,). I report in ￿$pert of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the Act. Independent Examiner's Statement I have comp￿ted my examination. I confimi that no material matters have come to my attention in connection with the examlnation which give me cause to believe that in, any material resk*rt', the accounting records were not kept in accordan￿ with section 130 of the Act; or the accounts do not accord wtth the accounting records. or the accounts do not comply with the applicable requirements Con￿rning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gfve a 'true and fair, view, which is r￿t a matter considered as part of an indeFendent examination the trustees, annual report is not consistent with the accounts. I have no COn￿rn$ and have come across no other matters in connettion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts tr) tE ￿aChed. I have obtalned Independent verification of all investments with the Trtjstees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the MethcKlist Church which are individually in excess of £10,000 (ten thousand pounds) at the balan￿ sheet date. Signature of independent examiner: Name of independent examiner.. Alison Elliott Relevant professional qualification of independent examiner.. ACA, FCCA Name of fimi (where appropriate): Butt Miller Address: l Ninster Court, Tuscam Way, Camberley, Surrey, GU15 3YY Date.. 24th April 2026 No st•t¢ment A¢ll¥lUw (SOFA) forthe ￿reV￿l￿Al 31 2Q25 to Genw41 Fund Funds R¢stslctod EndovmErt Totsl acuunts (unrwiri¢￿j (Unvest￿) {unrestrtL￿) Funds Funds 2024•25 Inumq i Donauon5 afyj kgacL5 2 I￿orne from monetary 3 Income from irwe¥m** propth5 8A123 27,394 245,620 27?94 245,620 5 Captal R￿￿pts 6 Gt7nts r￿￿ed 7 ther chariti￿e ItKI)me 8 Tot•1 intome Exp¢ndlture 9 Grants and donatims 10 >laries and as￿ated costs 11 Sknperty maintenan L2 Connex￿n31 asSeS￿￿rt& nKxlel 13 Dithct AsseSyT￿r¢ & L 14 Deprevabon 15 Office expenses 16 Other ouk90ings 17 Yotsl d￿rttsb￿ eypemdltth 18 GainslllossÈsl on monetrry invathents 19 &inslllosse51 on invtstment prO￿be$ 20 Net 1nc0nwl{ex￿mdltUVe> 21 Transfers betsveen funts 22 Other gainsllbssesl 23 Net mov•nent kn fund5 24 Totsl fund5 brought forward 15 Totsl carrteo lorwaTrl 1,215 1.215 282,252 174,178 15,120 48,266 11.557 174,170 15.120 48,266 16,074 4,517 450 50,240 31 878 905 22,367 (8.784) 13,020 22.367 (7,259) 525 {13,D201 525 140.M5 141 70 2.254,k4V 76 52,027 2.446,612 St•tsmÈnt of A¢ii¥lkn (SOFA) for th* ￿r￿￿le￿ 31 Awjyst 2024 CIroJ￿ Mod¢l Deslgnai Tn Fund5 G¢tteral Fund Fun 2023-24 Income I t*)naVons and 2 frorn mon*ary Inve5trEDts 3 Irthme from Invests￿ pro￿e$ 4 Asse55￿nts on Churthe5 S Ca￿tal Recwpis 6 Grants rece 7 (Xher tharts￿e Income 8 Totsl ifKome Expendi￿re 9 Grants aryj donations 10 Salanes and assodated 11 l¥opety maintenance 12 Connexkjnal a%ewnert & n￿lE1 IyLSt 13 Di5trrtAg￿S￿t& L 14 Depreciabon 15 Offi￿ exper￿ 16 Other outg￿￿0$ 17 Total thJritsbkexpendlture 18 Galnslllowl Invesbments 19 Gain511bssesl Investment woperbe5 20 Net iMcomel(e¥pendityre) 21 TransFer5 between fvnds 22 Other ga1t6lllossesl 23 14et movement In funds 24 Totsl fufK15 brw fO￿ard 25 Total fvnd5 arritd foThArd 2.106 27,100 233,950 9,339 27,IlXI 233,950 227 227 2Y0 616 179.589 2,1 44.282 ii,iio 179.589 2,100 44,182 15,505 4.395 393 775 290 251 41,707 19,627 14,171) 41,707 21072 4.l71 2.238,784 137,gX) 47.856 2,424,540 ar￿￿*10 36102 CIF¢ii* Trt• 2024125 23124 Iunrertrfcw) rcuil Manses& In¥ewnent Investments 14 1 &47 273 619 939 1647 273 6t9939 ¥267 ?12 Debtors Loons 1ft￿tments Yéith TMCP Central Finance Boatd De h at Bankand ID hand li 141870 17,21X) 64,702 1O70 24359 Current Creditors Grants due In ￿￿er I ab￿ wrt)In 2u2+1 Totalcurrertllabilities 21B 736 218 Jy? Idi 141 OD7 y6 i,B70 Z439.353 LoThJ tewm aftermoTethano Grants ame after 202+25 Loar6 to the Circuit 476 Z439,353 1446, arc￿lt General Fut¥J unre*rirted tsrtuit Model Trust Fvnd Funds unre￿rILted iy 17 17 258476 027 14*612 Re*rirted Fu EndDwfflert FL￿$ ApPr￿￿d bytheTo&eeson 21#WI 2026a￿S￿l￿d oDthwr behay by Rth*d MckObc¢*J. 9jpther*thM￿￿er Berkshire Surrey Bordws Methodist Circuit 18asis of ac¢ountlng The financkil statements have been prepar￿ under the Char￿leS SORP IFRS 1021 'Accounttng and Reporting by Char5knes: Statement of Re(tynmended Practi￿ applKable to d￿ritIeS preparing their accwnts in acwTdèn￿ the Financlal Reporting Stsndard appli(abk In the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting 5tsriddtd 102 Trie Flnanoal R¢putiTrJ StsndDrd applkable In thc UK and Republic of Ireland, and th• O)aYities Att 2011. The Charity ￿￿$￿t￿te5 a Publ￿ ￿nefft entity as defined by FRS 102. The presentstion currency of the financial strtements s the Pound Sterlirvj {£). 2 Funds The funds held con*rtute General Funds held for any purp)se of the Orcuit which are Unrestr4'Cted, Orcuit M(KlelTrust Fund which has Ylde pvrFrtJ5e and Is catgJ0ri5ed as unrestricted, and Et9gnated funds which a￿ Unrestrth4 but held for a narrower pUr￿se (Maintenan￿ of Manses). There are no Endowment funds. Lktsi15 of each materval fund are dlsclosed in Note 14 to these accoun￿ Any funds may lepreSen￿ by rn0￿ than just cash. 3 AcJnised at (Th or u6n5athon value, unless Otherwise stat￿1 in the retevant nths, and on the aecruals b￿5 to thow a true a￿1 fair vlew of ts￿ Qrcurfs finanual position and aCt￿￿eS. Incoming Resourc Income is induded In the Statement of Finanual AthV￿"es (SOFA) when the CircuTt be£On￿ entr￿1 to the resources, and the trust￿ a￿ reagJnaL4y ￿rtafjn they wll r￿1Ve the reY￿r￿. and the tmnetary value Cdn be measured with suffiaent relvability. Rasources Exp•nd•d Thls Lfj recogni*d when a liabilty is Inojrred, or a constructwe oblKJ&knn arises, that resufG ill the payment being unavoidable. Liabilities are recojnised as 9)on as an outflow of economic t*nefft is consh*red MO￿ Ilkely than not under the legal or construrtlve ci)ligation committing the fjrajfc to pay wt resource& Grants Grants made by the ￿r¢U￿ from ts own fvnds a￿ recognised in fvll at the tirne of a9reonent or wthen the Oral￿ accepts that there is a legal or operational obllgation to make the payThent. When the grant is reCUr￿nt over more than (x* year the balan￿ payable in future years b5 treated as a provisK)n for future canmtrnents in the Balan￿ sheet against the appropriate fund, the provisK>n being relea￿1 in fLthre years as instslments are pakl in accordan￿ with the orlglnally agreed term> VAT Slnce the arcuit Is nrt VAT Tegister&l, all Input VAT is charyed wth the expensES to which fc refets. Tanglble fixed assets for use bythe CIT￿11 Tangible fixed as*ts a￿ opltallsed if they can tk for more than one year. and co* at least £500. The freehdd prO￿tty is shown in the accounts at 2015 deemed values, upra￿1 using the NaVonwde index of hcKrse pri￿5 fGT the relevant region. No depreaatM provided on the building because the trustogs considgr tho cuyrent residual fair value of the manse buildings {on the as9jmPt￿n that tt had reached the end of ts u*ful eCOn￿n￿ lrfe by the yearend) to be not less than rts ￿rrent value. Any depreaation wouk1 not be material. The propertles have been rev￿￿d for impairment. Where propetty hekl 15 surplus to nomial staffiThJ requirements and r( is antiopat&l that It Is unlikety to be as a manse within year5, the propeity is dassffied as Investsnent Property (whether kt out or not). Invastment prO￿rtIo* In 2019 the Circuit assurn￿ responsbilty for a (hapel and assoaated la￿1 following closure and cessation of W￿￿hIp for a church w￿h1n the OTCUit. The propetty was g)Id in 2021. Land with a value of £8,IM)O is stiH hetd. io Berkshi￿ gjrrey Bord￿5 Methodist Circuit Concesg(mary Irh3ns are initially recognised and measurol atthe amount recewl or pald wlth the carryiThJ amount adjusts1 in ￿bSequent years to reflett repayments, any accrued interea and, if n￿Ssary, any impaim)ents. Current as*t tnvethents are valued In the balan￿ sheet at market walue at the year end. Invethent Income 15 induded in thÉ ac￿￿nts whpn r&tp.ivahle and any oains or losses on revaluthn at the vear end are shown In the SOFA. 4 Gains1(Losses) on investrnnts 2024125 2023124 Property revalua￿On (Unreali*J) Investment property waluation (Unrealised) 16,309 30,410 6 058 11297 22 367 41707 5 Payment to Trust FNe trust￿ received reMuneratr"C￿ in relation to theii employment with the Charity as ministers or lay employees. There were no other payments made to trustee5 for additb)nal servios provided to the Cir(ML TNst0p &ypenses reimburs41 2024125 2023124 Nwnber of Trustees Telmburr*d Total amount ￿1mbur$ed Expense payfferts prirnarity relate to reimbur5emert for travel costs for attending meetings, plus reImbU￿e￿t of paid directy by Circuf( Offi￿r$. £8 428 £21034 6 Fees for examinatlon of the accfjunts 2024125 2023124 IndepeThlerrt examlnerfs fees ts rep(#￿ng on the acmjnts Other fee5 (e.g. advi￿, accountancy Servi￿S} pald to the indepeNJent examlner 1.320 1,263 7 Paid employees St•ff costs paid durfng the year were: 2024125 2023124 GTOS5 wages, salaries and i*nefits In ￿nd Employerfs National InSUnn￿ costs Pen%on costs 138,048 140,188 14,940 13,326 21,190 26,075 Totsl staff costs 174 178 179 589 Average mcnthly employees in the year were: No tsnployees rettive em￿oyee benefits of mre than £60,000. li eerkshire Surrey BC￿tsrS Methodist Qrojit Oth•r oiitgoings 2024125 2023124 Trdvel Telephone and irtemet util￿e5 Counal tsx Insuran Woosehill manse F*opeity rnanag￿nent fees Other expenses ffF admintstrntyon Totsl 9,245 2,577 2,235 9,492 3,659 12,000 4,011 14,565 456 7,943 2,683 1,079 9,508 3,981 12,000 3,398 7,730 393 9 Debtots and Prepayments 2024125 2023124 Debtors P¥epayineiiLb Stipends paid In advance TL*al 3,195 221 2,500 221 10 c￿￿ent Liabllltles 2024125 2023124 Cred￿0[5 knuèls Rent received in alfvar￿e Assesgnents received in advan Total 5,474 3,060 1,800 8,147 4,364 1,800 11 Capital Commltments and Contingent LiaWIft*s At the 31st August 2025 ihere are no captsl ci)mmthnts or contingent Ikbllth5. 12 Berkshire Surrey Borders Methodist Or(Mit 12 Tangible Fixed Awts investment Propertles Land Total Cost and valuation Balan￿ bnjught forward A(1d￿on$ RevaluatiLYlS (+l-) Disposals {-) Transfers l+l-) Balance carried fojward 613,881 912.764 718,200 1,630,964 6.058 8,865 16,309 619 939 727 065 1647 273 Accumulated depreciation Balan￿ brought forward Depredatlon charge f year (-) Revaluatlons l+l_) Disp05als {-) Transfers. l+l-) Balan￿ carried fcnyard Net boolt value Brought forward Carried forward 613 881 619 939 718 200 1630 964 727 065 1647 273 920 208 The freehold property is shown In the aco)unts at 2015 deem&J value5, uprated annvalty u&ThJ the NatK)nwlde Index of ouse pri￿5 for the ￿levant region. One of the properties was no longer u5&1 as a manse at 31st August 2020. As this Is not expetted to ￿ a tern￿rary a￿angement the prowty tTras reclassified as an InVeth￿Tht property. Cost Crf VBluation at 31st August 2025 is represented by: Invethent Pfoperties Manses Totsl 553,474 2TJ,433 58,140 48,675 43,565 38,256 7,978 448,652 1,002,126 221,647 495,080 47,128 105,268 39,457 88,132 35,315 30,851 7,462 Valuation In 2013 Valuation in 2014 valuab.on in 2015 Valuation in 2016 Valuats'on in 2017 Valuatson in 2018 Control acquired over as*t {at valu&on) Valuation in 2019 Valuatton in 2020 Property reClasS￿1catW)n Valuation in 2021 Disposal Valuation in 2022 Valuation in 2023 Valuation in 2024 Valuation In 2025 As at 315t August 2025 69,107 15,440 88,000 (5,938) {5,5541 {11,492) 45,418 42,472 87,890 {252.223) 1270,6611 {522,884) 63,160 75,203 138,363 24,0 522,884 51,4(Kl (104,OUU) 47,665 (27,365) 11,297 58,571 69,738 128,309 133,626) {40,039) {73,665) 13,881 16,529 30,410 619 939 920 208 T27 065 1647 2n 13 Berkshi￿ Surrey Borders Meth)dist Circult 13 Investments The has no ccmnYJn investsnent fu￿1 hohjings. The funds that SUPWrt the cIr￿￿t Model Trust Fund and the Manw Fu￿1 are hetd by TMCP in Tru5tee5 Interest Funds on whlch interest is credlted to the attounts eath month. TCMP is the legal owner and Custodkan Tru#ee of all Methc