Charlty r•gIStra￿l]n numbèr 1155413 (England and Wal￿? WEALD OF KENT METHODIST CIRCUIT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 WEALD OF KENT METHODIST CIRCUIT LEGAL AND ADMINISTRATIVE INFORMATION Truytgès .. Mr Mi(*rJel Ri(*ard8 Mr Hugh Taytor Mrs CarcA Oathy Mrs Allson FaT Mi88 Sue Mkln8 Mr ￿)hn AJrt Mr Phil &nith Mrs Salty DwJnall Mr3 Julia Bevis Mr Peter Crojth FCCA Mr Cad Warr8n BA Hon¥ Mr Reg Rummery Ms Valerie Manser Mrs Rachel Sheppard Mr R(M Njikn Rev John Butt MrsAnn su8￿81)ar Rev John Cumtrw MA. Pastor Henry Edwards Mrchristoplw Rev Jane Braund (Appoint￿4 1 SbptontJ8r 20241 Senlor management Rev Jane BrauThl (appjinled 1st Soptembor 2024) Ministèr and Chair Mlnister Rev Kirsty MLGh8e Minister Da9¢￿ Hden Cook (apwlnted 1st Mlnlst8r Septemter 20251 Mr lan Beavi Dr Nick Rowell (retir￿l181h Sept￿t￿r 2024) Mr5 Gillian Clayton Mrs Kathy Walsh Mr Chri¥q)herTow CtroJit steward CtrcaMI Steward Cwwil Stthvard Circuit Steward Clrcjjit Treasurer Chxrlty raglstratlons En￿81￿1 and W818s 1155413 Di￿￿¢1 No 36 Cin%il No 18 Auditor Nash H8ryey <>oup LLP The Granary Herniltage Court Hermwe Lan8 MaNJstone Kerrt ME16 9NT WEALD OF KENT METHODIST CIRCUIT LEGAL AND ADMINISTRATIVE INFORMATION Bankers HSBC PIC 105 m￿jnt P￿9$an1 RcAqd Tunbridge Wel TNI 1QP Centr81 Finan(* Board 9 Bonhlll Street Lond EC24 4PE CAF Bank Ltd 25 Kings HillAvenue lfjngshill West MalliThJ ME19 4PE Investment Bankers Twstees for Mettrthist Churth Pu￿)seS Central BU1￿1t Okjham Str88t M1 1JG Sollcliors 16 South Park SeverK)aks Konl TN13 1AN WEALD OF KENT METHODIST CIRCUIT CONTENTS Pago Trustees, repjrt SlateThnt oftru8teg$' re￿bIll￿e$ Ind8p8nd8nt auditc¢s repcrtt 9-11 ststgm8nt Offinanry￿ 8¢tivibes 12 Balanc6 sheet 13 Notes to the flnandd sL7imnts 14-28 WEALD OF KENT METHODIST CIRcurr TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The twstees present tt￿IrSnnuaI r8port and finwial statements yeareThJed 31 August 2025. Full name of CharrLy Reglstslion Number Dale ol Registration Main communintion Address.. W8akJ of K8nt MettKyJL8t C1￿Ult 1155413 21 January 2014 Olkird Churd) High Street oirord. S8¥0Th)aks TN14 SPH The financAal statements have been p￿￿Ted in actOrtsr￿ the ac(￿nts￿j pol￿￿ set oul in note 1 to the financial slaiaments and comply fhe charivs gJvernirvJ (kxument. the CharilEs Act 2011. FRS 102 Yhe Finanaal Reporting Standard applicable in the UK and Rewblic of I￿and. ar￿ Ghariknes SORP 'A¢counllng and Repo￿ng by Chorltles: Stslement of Re¢ommerNJed applitxble lo charilbe5 preparirvJ their a(￿u￿rtS 8￿rdance wlth the Flnancial Reporting Standard 4ybLzble in the UK and Republ￿ of Ireland IFRS 102).. Oblectlves and activities Included in tho rekyxi 8r8 tl)e aims of the Circuf( aTrJ a commentary of tho fmancial aspects of Its The report has been prepared based on th8 actiirities and pLans as Ihey a￿ known at thts ¢urMt time. Tho ClrcuSt exlsts for the bgnefft of th& five Mathodl¥t Churches, one k4nt AnglMxrQMettrK)dist Church. and one j¢Nnl URCIMethodist Church. emplowrrfJ the &TCUit staff and prowding financkAI $utv)rtfor mah>r projects. Circuit Mis#ion Statsrnent Led by the Splrlt to work lryether to erTrab￿ (*urches to share the GLY)d New5 of J95us. Thbs ￿ do thro￿jh. Leadershlp: to encoura99. $UPPOrt challengo each church to (￿J, fulfil its own mlssion and spre God's W￿r0. Comrnunic¥tign: to tscilitats Q￿tiVe and relevant L￿mMu￿CalX)n Ltheen (*wrches and enrA)urage tWO•way Mmunicat￿ wder Melhcnlism. Mulmlslng Resour¢es: lo ensure the rrK)st aff￿t￿& of 811 r980ur(w ￿ the Circuit the development and use of our G(Kl*iven gwfts. Publlc Benefft The Irustees have paid due regard lo gumda￿ ISSU￿ by the Cf¥9rity Commis5￿ in decidiThJ what activitie8 the chartty should undèrtake. WEALD OF KENT METHODIST CIRCUIT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Aims and ObjoctiV8B ChaHty Obl￿tiVe is to ad 08 a resource prowderWl￿n ts area ar(MJfKI so￿0aks. Tonbrklge and Tunbd(tr W&118 forthe M8thodisl ChurdT. Th8 purw898 of lh8 Mglhodist Churth arg and shall be deemed to have bean 5inc6 tho Date of Union the a￿anGement ot. a. The Christian falh in accDrdance ￿1th the doctsinal standaft15 aryj diBdplin8 of Thg Meth(xJist Church: b. Any charitable purpos8 for the tTh8 of ary Connexonal. tlsthc( a￿ul1, Iixsl ￿ other ￿ganIsatIOn of Th8 Melhodisl Churth; Any charit8b￿ purpK$80 for the lkne bdng (rf any sodgty or InBtlbJllon ￿b91d1ary or andllwy to The Mothodisl Churr*". Any purpise the time beiro of any charity beiThJ a tharity wlAgKllary ￿ ￿lL1ry to The Methodist Churth &. The organisation arKI r88(wrt¥ng of r￿ar wjithc * OF knuship open to members of th& d)urth arKJ non- mgmbers alike. f. Th& toathing of Christianty Ihrough se￿r￿* Lxwrses and sm811 grou￿. g. The resourung rrfpastoral vK)rk Ind￿lIng wsrfirvJ tho si(* arKI fwaved. h. Taking rellgious as8emblTes in 8th1Kl8. Pmn)￿10n of Chris￿¥nIty throu￿ ts tsJing (A events and wvices. PmvtS￿ of cknrAaincy Serv￿ to the univW and (Aher tns1itution8. Volunteers The Circuit benoffts fyom ar¥J exp￿￿¢$ of a numbw of the Tnth who pgrfom taths In a voluntary (gP8¢1ty. Thes8 tasks ind￿e rnaintaining the freeFK)kJ twerbe5, k88ping the fflnan¢lal rerKJrds. acxepting preaching appolntm8nls 8t Circult (thurchès. and inVc4Ven￿ ￿th safeguardtwJ matters. Where reqthd th8 Circu prowd6s its volunteer3 with Irainiry lo assBt thwn in thB [￿nCe of thelr tasks. Finonclal revlew In¢om8 Tronds cir￿11 Income Is prfmarity from th8 asSeSur￿￿t paid by Ihe &rtaJit dNn*8S. Expenditwo Trgnds Stipend expenditure has IrKreawY eath financial year in fjne %ith Conf8M1¢8 8pprov8d incrnaseB. 20% of gan8r81 ftjnd expendilura is the CirryJtt Contributi(￿ to the Dlstrlrt and c0nnaxl￿. of vthich a ￿gn[￿nI part is Usgd lo fvnd the wcvk of tho wider Meth¢4Jlst Church. Grants from tho Trust Fund indudgj four Pay￿￿1)ts tolallww £14,OIN) to support th8 Clrcult thurch8S. 81gnifi¢antTrnn8actlons The Cnuit has made grants to (Th ofthe thurrkns forthe rna￿r refurt)Ishm8nt of its Fxomiw. Durlng the yearThe ClrGuII apwoved an addrtl(¥nal grant of £50,(N)O in addl￿'c￿ to the grant of £5CQ.OQKJ providwj pre￿oUsly. A total of £186.343 was pakj out in the year. of which £131,678 ¢¥m8 from 8Xt8m81 swrcgs. ￿th £121.678 from the retum of a Q)nne)oond Priority Fund Le*y 8nd £10,0￿ Irom on &xl8md ¢knation. The refurt)ishrn8nt was c(Mnpleted in Augu812025. Th8 cl￿11 compl*d th8 dlsrnsa of a Tedundanl thvr¢h Fropty in Augusl 2￿￿5. Th8 n81 proceeLls due to tho Circuit from the sale amounted to £1.347,041 8fter Sell1￿ cnsis and pa￿ent of tho levy du8 unéar tha mles of Th Methfxllst Church of £173,507. Th8 fvrKls are held fft Ihe M(Klel Tnjst FutKJ and wll tA Lssed to 8UPPOrt th8 woth c thè arcuit the Churches in the futurp. WEALD OF KENT METHODIST CIRcurr TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Resaryes policy As o131* August 2025 the net cu￿nt assets on ￿￿ere1 fund of fv Cirujlt V￿re £127.198 gNing Bpproximately slx tnonths wver for general experKliture. Thete are 8ubstsnb.al furKts held wi the Model Trusl FuwKI whith support Ihg Circuit and indDiidual chuK*es' devek)pffEnl pL2r￿. The r&8erves policy for the Circuit vd to hokj 8 minimum sum equivBlent lo 15% Df the generdl fund annual expenditure budget plus ￿1c£ the annual ￿dget for manse rèpairs. This Should be sufficient to meèt 8ny unfore8een ilgm of mapr eNxnditure on manses arKJlor to be able to ccntinLbe. in the skKJrt term. funding plant￿1 activities in the event of any inabilty to fBise the ftjll Circuit A￿sSment from thurches. The balan￿ on General ￿￿￿1 at 31￿tAUg￿￿t 2025 disr￿rding Ihe value of18rMJ 8rkl Ixjiklings tsyhpliès Ihe Cir¢LMt Reserves Poly. FuThls Bra retained in the Modd Trust h) be aVaU0b￿ to moat gr8nt And 1o8n r8qu&sls for eX￿ndItUre from thè Clrcull and the ¢hurth&s in Il* C￿(￿111 falling within the calewT￿3 approv&J by the Methodist Church. Rlsk PJJAnagemetrt Ihe major risk$ hav8 bg8ll Kknli17ed arKJ r8(yyd8d by thg Circutl FInar￿ ar)d Property committee b%ilh profp88KJnal edvice taken as required. There is a regul8r annual rgviEw pro(ws urKlertaken and fPLJ)rts Incoffle and EXp￿rK￿lUTr 18 t*lrw monltoreil In totsl and is t¥)mpared wilh the aKffjTh8d annual b￿get ￿ a ragular sis to dO￿t trends as part ofts risk man•Jwnenl t￿Cess. WEALD OF KENT METHODIST CIRCUIT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Safèguarding Every petson hBs a v8lue and dignity whth comes olrety from Ihe 0reat￿n of malg ar￿ f6malo in Gods inw6 and liken8ss. Chrisfians 's6e this pot8nlial fithlled by G(¥ls r8 value osiwrtng of Gc*dand Uweforn to protstrt Ikw frotn h8ml. Methodlst COnn&￿0nd practhe cmrtlnes oxThnllmonEto IhefolkTrhqng W1￿1p￿S.. . The (ar6 and nurture of, arKI rfrspwjful past(Kal rrinislry wlth, all thi￿rgn. and adults . The safeguarding and protection of al chibjren, wjung and adulis when th8y ar8 vuln8r8bl8 The establishing of safe. caring l¥Jmm￿IlleS w￿1 WOVKle a lomng environment where there Is infomi6d gilan¢g as to the darKJers of abuse. We wll carefufty seled 8nd train all those wth any resp￿SibIlIty wthin Ihe Church, In Ilne ￿1￿ Safe R8cru5tmenl principles. induding Ihe use of uiminal reo)rds dk8rjOs￿ aTrJ wistralxTrn with the relevant Vgtbng and barring schemes. . We will wfthout dday to ov8ry txJmpt8*lt nwdè suwsts an adul( chikl or y(xmg pewll rnay have been harmed, cooperdtiryJ wilh the and kxal auitKYity in 8ry inY8Stigation. . Wo wlll 88ek to work vlth anyw h88 suffer￿1 81m￿, d8vd)png with 8n akwropriate mlnlsty of infomed pastoral carg. . We seek to thallenge anyabjse of po￿. eSFec4aI￿ by anyon8 in a kThrfion oftn*t. . We wll seek to offer pastoral care and suFwrL inclLhJing ar¥J refml to th8 prco8r 8ulhorilies. to any member of our thurch community kno￿ to have offended agairtst a young person or vuknerdble adulL . In 811 thw wtndples we VAI follcyw ￿gIslatkn, gUk18￿￿3￿l r￿nISed prarI￿. Th9 Weald of Kent mel￿dISt Clrojlt ccrfnmlis Elself to ensurfr#J the Im￿ementat￿n of ￿neXK)nal S8f&guardSng Policy., g0vemment18gls1ati¢￿ and safe in the Qr¢utt a￿1 In t*urch8B. The Weald tsf Kent Methodist Cirujit commits itself to trg provi*M of ￿P￿)rt. adwcè and training lo lay and ordained peO[￿e thal engjre are cteararKI o)nfidLYrt atout lJTreir rcles and re5ponsililttses in sAfwarding and pri)rnoting the w8lfaro af children aduKs who may b& V￿nerab￿. PlanB forfithre periods CArcuil financial plans the coming year have been ￿epa￿ basts tr￿t Ihwe wll be fourordalned stsff with the anliop81ed cost of livkng stiw*J in¢r988es o)mbinwJ vlth an In thg assessment pad to the Di81rict and the Connexon. The Cir￿lt is committed to the stipend and expenses of D&7t￿ Helen Cc(K on8 of the crtl8lned staff menloned above. Deacon Hden wlll have ro8KKbnsibllllle8 in the rural ChUrc￿S and for th& dov81opm8nt of ￿rnunIty work and outreach. The costs of this appci'ntmenl vrill b8 m81 from McNJel Trugt Fund. At the year end the Clrcuil Model Trust Fund stc(*J at £1.377.33212024 £1ff2,910). Thèse fijrth ar8 ha￿ to SuP￿t future work of the Cirwll 8rKI lo c£Nerth8 a(kJibonal (wt arfsing fr(m the apFolnlment of Deacon Halsn. WEALD OF KENT METHODIST CIRCUIT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structure. governance and mana9èmgnt The goverTHng document for the Circuit i¥ Its Deed of Union (193218nd KtsiIKKI￿t ChurchAct {19761 0ot8iled goveinani* arrangerrEnls are 0udin￿ wilhin ts Const[tUt￿nal Practice aNI Dtscipl1￿ of M&tI￿dISt Church by order of the annual Conference (CPD). Day lo day marwThnt of the c1￿J￿ b undeTlaken by ts Crrcuit Loadarship teom along wllh Le¢al Preachers m88ting snd the Clr(#Jli FlnaNx Propwiy Commlilep. The members of the We8ld of Kent Methodist CirrJJit m8gtirrfJ are Charity Trusteès, membership teing made up of Clrcult offlcg ￿￿er8, ministers and represBntsti¥es appK)inted by the loral churdw. Full m&mbershlp b shown asAppendrAAk) this WEALD OF KENT METHODIST CIRCUIT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 The trustees who seryed durirothe year arKI up to tha dais (rf synthre d the ￿#￿al stat￿n￿nts were.. A¢tiY8 ￿rCLi11 Mlnlstors: Rev Jan8 Bra￿d (awointed 1*Sopthber 2024) Rev Demlot T￿Mberry Rev Kirsty McGhe8 Deacon Hdan Cook (appointed 1st sept￿nbor 20251 Circuit Lay Worker: Mr F￿Chard Cannam Clrcuil Stewards: Mr lan Beth8 Dr Nick Rowell (retired 18th Se￿nber 2024) Gillian Clayton K81hy Wdsh Adminlstr81or'. Ms Nicola hA8rtln Mr ChristOF4ier Towern aded as th8 ￿nCip￿ crffiL%r ov8ts88irvJ day to dBy finsn¢i81 managomenl an a¢counfjng for the C1￿J11 during th8 y8ar. Mr Ml¢hael ￿chardrA)n Mr Hugh Taylor Mr5 CgrcA Oakkny Mrs AIIsDn Farr Miss Sue WlkSn$ MrJohnknher Mr Phil Smith Sally Dagnau Mrs Ju118 Bèvis Mr Peter Crouth FCCA Rev Bryan Knaky BA Mr C8d Waffen BA Hon3 Mr Reg Rummery Ms Valerfe Manser Mr8 Rathd Sh8ppard hAr Kenneth Bamss Rev Gerald Gardinef BA Mr Rolthen Rav John Butt Mrs Ann &aznabar Rev John Cumow W BA Pastcr Henry E(hvards Mr chriSt￿her Towws Rev Jane Braund {Relred 16 March 2025) {Deowed 31 January 2026) {ApFxinted 1 Sept￿be[ 20241 WEALD OF KENT METHODIST CIRCUIT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Trustoè Appolntment Tru8tees are appJinl&d ￿ accordgnce wth the c¢￿￿lut￿jn, Prac1]￿ and DIsu￿1r￿ of the Metlx)dis1 Church {CPDI which is published by ￿ MeltrK)dl81 C(¥rfèren( Tn]siee Tralnlng A ra￿¢ of guldfjn￿ prcdueed by Mellv)dist lo suppcAt trtg &ffè¢tive rUTrni￿ of Ihe Cl￿11, spedficalty the leaflet The Ro18 of a Trustee in The Motrthist Churth. B given to all rEw cir￿11 meetiro members as Ind￿On to their role 88 truslee5. Rglaigd Partl8S The Cir￿lt is part of the South East Di8lrd a(*x>untabk lo the IAeth)dist ConfererKe. Tho fultomng MefvdiBI Churches are linked arcult East Peckn8m orsmnden Offord Paddwk wor￿ (pinlty with Church of England) Sevenoaks Tonbridg Tunbridge Wells (ff>lnty wtth URC) Tru5tg9 Dedslon Maklng Trustees of ts Circuit meet IvAce a year by ottenthr￿ awKI electronKxlly as required al other limes. Voting (xn be by ballot or a show of hands n￿lO￿ty fly nv)st decisK)ns except whefe required differenty by CPD. ustodlan Truste Trusleos for Mell¥Jdisl Church Purposes a5 CU61odi8n fnJ8t08s holding the Freehokl Property and the Mod Trust Funds of the Circuil. The trustees, report was approv&l by the ￿[[1 of Tr￿. Trusteg WEALD OF KENT METHODIST CIRCUIT STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees are ￿SponsI￿O fr* PT8P4riny th6 Trust6es' Report and Ihe fina￿a￿lstatemeniS in a￿￿rdance Mlh applicablo. law * Unlled lfjngkn AccwntiTrJ Standards (Unitad Kil￿dc￿ Generdlly Accep￿1 Acff)unling Pradc¢l. Thè18w ￿pliCabl￿ to L*ariUe8 In ErvJlarKI and Wales r9q￿re5 the Intstees to wepar6 financial statenwts for each finanrA81 year which giv9 8 true and f8ir v￿W of ts state d afrdirs of the thaiity atyl of thg incoffling r850urco8 and appllcalan of r8scAJrceB of the charity for Ihal year. In prqjaring those financial statements. fhe trust￿ are rwuired to: - select suitable accounting p¢￿i¢le5 and then appty ￿[￿L￿nI1￿. - obseTV6 thtr methods and prinaFAes in the Charil'es SORP.. - make judgemen15 and eslimales that are reasonable and pnjd - stale whether 8pplic4ble accounbng standards have been fdlow&J, subj8rt to any material departu￿8 dLsdosed and 8xplain6d in the finan￿al statefflents" and - pTrpare ttT8 finanoal statements the golng concem basis unle88 it is In8pprorAIBto to pre8ume that the charlty I￿11 continue in operation. The trv¥tegS ere raswThible for keep(ng suifK?8nt ac£ounling re(x*ds thal dL8dose WI￿? reaw)A8bk 8ecAJracy at any tlmo the financi81 position of th& tharity and enab￿ them to ensure that tho financial Stat￿￿ents Lwnpw with the Char?ties Ac* 2011, the Charity lAC￿nIS and Rqxytsl RwJuL4tK>ns 2008 and the W0￿￿10ng of the trust de￿1. They are also rosponsible safeguarthng the assets of the aThJ hencp taknng reaso￿b￿ sty for the prevention and detection of fraud arKI othw irreguLqrftl8s. WEALD OF KENT METHODIST CIRcurr INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WEALD OF KENT METHODIST CIRCUIT Oplnion We have audit￿ the financpal statements of Weakl of Kent Methrmlist CArcuit (the 'charity? for the year ended 31 Awust 2025 wh￿h rx)mprfse the statement of fina￿￿￿1 activ￿98. tho balaTKX 8h8el and noles to the flnan¢ial 8t8tgr￿nts, includlng svJnificanl ac(y)unting polK¥es. The finan(aal reporliro framework that has b￿ll applted in their prepara1ion is applicable law arml United KirWc4n A(tounting Stand8rds. induding Financial Reporting Stsndard 102 7he Flnancl&l Repofling Standard applicabl8 in tli& UK and Rgpublic of Ireland (United Kingdom GgnerallyACcep￿1 AC￿Unting PractKe). In our opinion, th6 financial State￿nts.. give a true aThJ lair *iew of the state of the (*arity5 affars as at 31 Awl 2025 and of its irKomirvJ resourcds and application of resour￿. for year I￿n ended., h8vè b8en prapared in 8cwd8￿S Vallh United KIr￿k￿ Generalty A￿p1a￿ Account1r￿ Pradce. and have b8en prepared in accorda[￿ wilh the CharitiesAd 2011. Ba818 for oplnion We conducted our audit in accordance with Intematp)nal Standards on Audtiing IUKI IISAS IUKI} and aP￿Icable low. Our responsibillties under those stantJaT(Is are ftJrtr￿ described in Ihe Audilorfs TrsponsFbilths for lh& audit of Ihe flnonclal statements se¢tKm of our reporL We are i￿lependent of Ihe charity in accordanc8 with the ethiLzl rrfuir8m8nts that are ￿￿vant to our audit of the fina￿la1 stalements in the UK. ind￿1ng the FRC'S Ethlcal Stsnd8rd. and we have fulfill￿ our other ethk81 re$wnsibililies in ac(xydanc8 wlh the86 requirements. We bellove that the audit eVIder￿ we have o*)tsined 18 suffiraent and approp￿te to W0￿de a bas￿ forour ￿Inion. Concluslons relating to going concern In audilirrfJ the financial Statements, we have conduded that the trustees. Ltse of ￿ going concem basis of aceounling in the preparBtion of the finan(#al slatements is 9pprow￿te. Based on the work we have FerfL¥med. we have ml klenlified any matergl u￿rtaInl￿$ relating to events or condiliorK8 that. iTh11vidually or collecbvely, may wt stgnifiwit (knubt on the charity's almlty to continue as a ty)i cDrK8m for a perixl of at least iwelve Th￿nthS from when fir￿ncial state￿ntS ar& auUK)rised for issue. Our restx)nslbllltles arKI the m6pK)nsibilities of Ihe trustees 7Mth respeci to goir4J corKem gre desctibed in th relevant sections of trbis reporL other Infomiation The other infomiation c£4nprises the Inf￿t￿ inchkled Sn tr￿ annual ￿￿)rI (rtt*r than the flnandal slalemenis and our 8uditor'8 rew)rt I￿￿n. Tho tfU8t888 8re re5PK¥nsible ts the other information ￿ntaired ￿￿1n Ihe annual report. Our opinion cn the financHI slalemenls dops not Tr)ver￿ ottEr inforrnatK)n arKI we do not oxpross 8ny form of a88urance condwon Ihereon. Our responsibility is lo reaj the other informalM)n a￿. in Ik)ing so, consider whettTer the other inform8tK)n is materially inc0￿stent vthh fin8ncial ststements or our knOw￿￿ge obtsined in the ¢ourse of the audit, ￿ otherwise appear3 lo I￿ maten'alty mis5taled. If we identify such malerial ir)consislencies or apparent materi81 mt8Statemenls. wc are required to detemiine Wheth￿ this gives rtse to a material misstatemenl in the finanaal statements t￿MSe￿e$. W. b8sd on thg work we h8ve perfo[Tr￿, we that there is 8 material misslatement of this ¢Jther inf(Km8twJ). we are requir￿1 to repjrt Ihal facL We l*Ye nothlng to report In this ￿3rd. Matters on whl¢h wo ar• requlred Its report by exception We have nothlng to report In respect of the ftAlowrvJ matters in relat•)n to whlth the Charities (Accounts and Reph)rts} RegUlati￿S 2008 requires us lo rerKJrt io you rf, in our opinK)n: the informatK)n given in the fin8Th>81 slalenwts b Sng)n5iStent in 8ny material restxct bwth fhe Iwslees. report., sufficianl 8ccounllng retr)rds have not been kepL or th9 finanLxal statements are not in agreement the actounting r8oxds' or we have rtot receNed all the infcffmakn and expLqnations requlre for (wr audit. WEALD OF KENT METHODIST CIRCUIT INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE TRUSTEES OF WEALD OF KEKf METHODIST CIRCUIT Rasponslbllltles of trustees Ay explained ￿(￿e ftjlly in tre statement of Irust*s' resp￿b￿ltiel th8 ￿l#BeS are responsib￿ forlhe pr8p8ration of the finanaal 8talements and for bel￿ saflsfi8d thal they ￿ve a tnje and frdifvi8W. and fv such Intemal control 89 the trustees detemiine is necessary to enatrAe the wep>￿tI￿ (rf financial statements that arè from material misstalern8nt. whelhcr due to fraud ￿ err(￿. In preparlng the finanrAal stalem8nts, the trustees are responsible for aEsesslng charilys abllity to continue as a gaing concwn, dl8doslng. as applicablg. matters tBlated lo going concern a￿1 using tha going cortem of awxJntivJ unlgss thg trustee5 &ith8r Inlojvl to Cease opgrdtions, or h8V6 no r&alistic athmalive bul lo do s). Audltrfs r98pm￿bIllIleS for th• audlt of thè financlal statemenf5 We have been appK)inled as audttty urKlgr 144 of the Charities AGt 2011 and raport In a(￿daNCe wlh the Act and rebvant rewlat￿rts made tw haME¥J effed th8reurKIw. Our oblectlves are to obtain reasonable assjrance aboth whetlw th& frn8nctal StateMer￿ as 8 whole arg free from material mt8Stalofflewrt, wtthr due to fraud or error. and to k5sue an awJik)Vs report that indudes our opinion. Reasonable assuran<￿ is a high levd of asswan(% Ixjt is not a guar8ntee that an audst conducted In accordance wllh ISAS IUKI will always detecl a maletsl mSsstaternenl vthen it e￿Sts. mlsstatam￿tS Gan arise fwm fraud (x error and are ￿￿￿dered material rf, Ir¥J￿KIUaI7Y w in th? agJregale. they could reasonabty b& 8xpg¢ted to influenl the &x)nomic d¢ciwns of users taken on the basis of these finaniial stst&￿nts. IrrwJularftles, indullng fraud, are instances of ￿￿(oMpli￿nCe wth 8rKJ rwJulations. We de&gn pro¢odure5 In line wlh our r88ponsibilities. (Krtlined abDve, ts detgcj material misstatements In regpact of irr8gularib8s. induding fraud. The 8xient to which our rKocedures are ￿patIe of deter*w irregulantigs. ir￿luding fraud, 18 dotsiled bek*w. Extènt to whlch tho audlt was considered capable ot d•t¥cting irr•gularltles. Including Irnud Wo identify and wess the rtsks of material misstatemertt of thè statementB. vthgther due to fraud or err￿, and de￿gn and pgrfomi a￿1[t procadures responsve lo IFv)se rtsk8, ind￿lnU obtglning audit evidencg that is suffi￿￿)1 and appropriate to promde a basB forour opinN)n. Our approath to id8ntifwng Bnd aSseS￿ng the risks of material I￿$￿at$M￿￿ In r8St*th of Irrggul8rfti98, s￿ludI￿j fraud and non-complianca wthlaws and regula￿OnS. was as fdl¢WO'. thè ￿gagaMent partner ensured that the engage￿nI leam C￿￿Ct￿e￿ had Ihts approprtalo ¢￿petenC8. ¢8p*Jilbties 8n(I sknlls lo kl8ntrfy (Y rwxjgnise nc￿￿)￿￿￿Ian¢o I￿1h #P￿1￿3￿18w8 and regulat￿)n8, wg identified the laws and regulatwJn8 a￿￿1¢￿￿￿e to through discus81(xi8 with tru&8￿ ond olher rnanagemenL and from our comrnarad kn￿Aledg& and e￿ri￿ of th& sector. +we focused on specific IBWS and regulations whK* wo consid9red may have a direct m8terf81 affact rm the financial stalernents ￿ the 0￿rall￿S of thg charity. induding th8 Charities Acl 2011. taxation legi818tion, data prole¢th)n. anli-bribery. ￿pI￿en( onwr￿￿nI￿ and tr￿alth and safety1ggislal1￿. we ass6ssod the 8Xtent of Cr￿p112￿£ the laws aNJ wulalK)ns idontifiod above lIY￿gh Ma￿ThJ ervulries of management ￿ inspacdrvJ a￿d idenfjfi& Lgws and rogulat1￿$ were cornmun1cal￿j ￿1n tho audit tèam and th6 tsam ￿n￿Ined abrt lo instances ofn0na￿Mp18r￿ through¢xrt th8 aud W8 8ssèss8d thè susceptitNIty of Ihe ChariV8 ¥lalfyrnnis to mthial mi88tat8ment, Induding obtainlng an understsnding of how fraud rright oc￿r, by. maklng 8nquiries of management a8 to they crxtsKlwed there w8S Wwptlbillty to froud. their kno￿edge of a(aual, Sus[￿Ctsd. 8nd 8lleged fraKI, and oonslderfng the inlemal controls in p￿ to mityte rlsks of fraud and n(Troyrtpllanca wlh laws and r8gulaUons. To address the risk offraud through managem￿1 bias and ov8frwJe of controls, we: ptsrformed analfftal priThdures lo identify any unusual ￿ unexportod relallonships. . tested journd éntrios to Klenlfy unusuol transac￿. assossed vthethe¥ ludgements arKI a8sumptiorts in determlniNJ the axountlrvd estimat85 were IrKJicative of potential bSas, and . invgsb'gatsd the rationale behiThJ or unuw81 tr8nsact#)ns. 10- WEALD OF KENT METHODIST CIRCUIT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WEALD OF KENT METHODIST CIRCUIT Audit rg$ponsè to risks identifi In resFY)n8e 40 thè rtsk of irreguiaribes and noTFcOM￿ianCa laws 8rn1 regulations, ￿ desvJned procedures which incauded, but wwe not lirnited to= agreèing financial statement dlsdosjres to undertying suppoth'ng dowmentatK)n, readil￿ the minute5 of meeliThJs ofthose thrged with govemen￿. gnquiring of managerr￿t as to 8¢tual and Fxjtenlial l1tsjat￿n and cL3im8, and roVlev￿ng ¢orreswndence HMRC. reknnl regulators. and the charitys I￿JaI advlsors. There are Inherent wr audtt p￿c￿edureS descri￿ at*)ve. The more removed that law8 and regulalw)ns are from financial transactions. the ￿sS likely il is thBt wb bou)m8 awBr8 ol non-complian¢e. Audtling standards also limit the audfc FTh%durv3 requir￿1 to wjenhfy ￿￿-compl￿nce with laws and regulations to enquiry of the tru8teg8 and other managerfienl aThJ the insperAKM) ol regulatory and *al CA)rrespondence, rf any. Material mi3slatsments that due to fraLKI Lzn ￿ harder to detec* than those that arise from error as Ihey may invofve deliberate wrKealmentor ￿]lUsIon. A ￿rther descrfptmjn of ￿Jr resw)nsitrAlib&s ￿ avaikbl6 on th8 Flrwthl Repthng Coundl's Web￿te 8t: http8'.11 www.frc.rxg.ukla￿IiiQr8r9sp￿￿b1Ith9s. Thls des(X1pt￿ forNts part ￿¢¥jr audilofs reFQrt. Your attention is drawn to the fact that ￿ chariiy pre￿￿ firBn¢ial stslements in acc4)r(lance w1￿"A{￿u￿lIn9 and Rewrbng by Charities.. Stslernenl of Rewmmended Prad]￿ ap￿Il￿ble to charitEs pwaring their acc¥)unls in accordance with the Finanoal Re￿N￿r￿ Slandard arWi(xble in the UK Republir of Ireland (FRS 1021. las mondadl In preferen¢8 to the A{￿ul￿￿n9 and Rew)rI[r￿ by Charities: Statement of Recornmended Practice issued on I.A￿l 2005 whlth Is ￿ferre{l to in the exlant reguLgtions but has rthy teen wthdrawn. Th18 h88 been )mo and expenditure derivefrom (*nlinuing actfvitses. 12- WEALD OF KENT METHODIST CIRCUIT BALANCE SHEET ASAT31 AUGUST2025 21r25 2024 Flx•d assots TaTrJible assets Investments 16 17 3.OB3,536 4.187 2.945.203 4.170 3,087.723 2,949,373 Currènt a85ets Oebtors Cash At bank and in hBnd 19 1.637,808 253,718 34,844 352,609 1,891,526 387,453 Crèdllors: amounts loulng du• wlthl one year (391.183) {11X),18B) Net current assets 1,￿.343 287,285 Total ass•ts less current liabllStios 4,588,066 3.236,638 Thg lunds of the charlty Unrestricted funds- general UnreStr￿ted fvnds- Model Trust FUNI 3,210,734 1,37Y,332 3,073.728 162.910 4,588.066 3,236,638 Th6 finan￿1 st8temnts were appro¥ed by the twstees on ... TNstee 13- WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL sTATEME1￿s FOR THE YEAR ENDED 31 AUGUST2025 Acce￿ntIng policlos Charlty InfrJm)ation Weald of Kent Methodist Cwcult i% a MetlKbdist Circuit the defiThtson of a public t￿n￿[It entty under FRS 102, registered the Charity CommissKm No: 1155413 1.1 Ba¥ls of prnparatlon The finan¢ial st8ternenis h8v8 t*8n wepared In attxydance V*ith th& chafitys g)vernlng do¢urn8nl, the Ch¥rtNes Act 2011. FRS 102"Tho Fir￿lncid Rep¥xtMg Standard ap￿1¢#bI& in UK and Republlc of Irelan and the CharbN8s SORP 'Ac¢ounting and Rosthng ty Chariues.. Statement of Recomm6ntJod Practlce a￿l¢￿tle to charitses preparing ltr￿r aca)unts in ￿e0rdance Flnancial R6porting Standard applica￿e in the UK and Rwblic of lrn*rxl IFRS 102r. The chwity is a publ￿ Benefft Entlty ss defined by FRS 102. Thè charity has taken adrdntage of the provisions in the SORP for I&HritiBs nrA to prepare a s18temenl of Tho fflnancial Btatem8nts have departed from thts ()WrI￿ (ACt￿nIS arKI Reports) RegulatNJn8 21)OB only io tho extent requirod lo wovkje 3 truo and fair Thi5 departure has involved fcAlowing thg Slatemonl of Re￿mmeNdese ctr￿lL The cir￿1( Modd Trust FurKI has wkle purpos￿ defined in StandlrvJ Order8 arKI is categorfsed as unr65ffict8d. Ther8 ar9 no r8strKa8d funds. Anyfunds may be ￿p￿Seft￿ by nvjre just cath. 1.4 Incom• Irmm6 Is re(x)gThwJ in thg StatoM￿l of Flnanc4al AdNibes {SOFA) wh8n th8 Cl1￿11 b9&￿85 &nI￿od to tho iesourcss. Ihe trustees are rea8￿a￿ wtain weivo tho rBswrces and thè mn8tary value cBn b8 measured suffKa&nt r81iabilty. 14- WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles IContlnu8dl 1.5 Expendlture Expenditure is recognised otK8 tk*re is a legal or c(Mstruclive oblvJaknn to transfer economic ben8fil lo a third party, rt is [Mbab￿ that a transfer ol ecOr￿n￿ beneffts wll be required in settlement. and the 8n￿Urrt of tho o￿ation (sn NW88ured rel￿￿. Expenditure i8 daSSifi￿ by activity. The LX>Sts of eath are made up of Ihe lotsl of direct Costs arKI shar811 (x)81$, Induding support costs inv(Aved in UYKlutsknr¥J 98ch thity. t)irpct wsts attributable to a 8ingle actNity are althated difedty to th8t a#i¥lty. Shared which contribule tr) more than ong ￿1vIty arKI support cost8 whkh are not altributat4e lo a ￿ngle activity are appoitiotttl between flN)5e actr¥￿e5 on a bask consistent wlh the use of resources. Central stsft (yjsts are alloczted on the basis of liffle spent. and dgpreaolKJn charges are allLyxled the pL)rtion of the gsseys use. Grants made by the Circuit frcrfn its ovm futTrJs 8re I8￿nIsed in lull at th8 tirne of a9￿mènt or wlwn the Circuit accepls that there is a legal ￿￿111￿1 ￿lgath)n to make the payment ￿Then the grant is recurrent over mor8 QnB year the balar￿ payab￿ in futur8 years is treat￿ as a pn)vL8K¥n for fuiura commltsn8nts In the Balance Sheet against th6 appropriotè fund, the prov&1￿ being r8leased in fijbjre years as instalm&nts ar¢ pakj In occord0t￿O with ￿ orvJinally ￿r8ed tenns. Since fhe Cir￿lt is VAT registered all inpul VAT is expenses to which il refers. 1.6 Tanglble flxed a88ets Freeho￿ propety is hdd al d8k)rocj8￿ ￿plaCeMent c4)sL determined based on sums IrBured. eX￿p1 where 8 8alè Is gnll¢lp8ted In Il* near future. in whth case realSsable value ￿ Lwd. The land componfjnl is not cognised in these fioures. No deptEdatiiM has been W￿lded fvr in the year. as the trustees consider the sidual fair ￿lu9 of the rnan58 buildirus ￿ r#Jt less Ihan its (xrryirp ¥a￿e. Any 1.10 Financial imtrumwts The charity h88 819Ct￿ to 8PKAy the pmwsK)rts of sac￿ f1 'Basic FinarKial In8trunwnts' dnd Section 12 'oth8r Fin8ncid Instnjments Issue8, of FRS 10210 811 of its ffinanc¥al itWnJment&. Finan081 instruments are rwniwj in the {thari￿ b818n(* $ho&t vthon th8 (*arrty b8C0rn8 Party to tha contra￿al prowsions OF the instrum8nL Finanaal assets aThJ liabililies 4r6 offseL vlth the net affrf)unts pres￿ed in ffin8n(ial statements, when there is a legally enforceable tight lo set off the recogni8￿ 8rYv)unts and fhgre Is an intention tD on a nei basis Ix to realbse Ihe 8s8et 8JwJ stlde Ilabllity siffKItan￿Sty. B&slc fi￿at￿lalaS8ets Bask flMancl81 assots, whith indude d8btor¥ and ￿8h and bank balances. are Initi￿ty me89urgd at transaction txice In¢luding transaction (osts and ar8 subwuonuy caffl&J al atMrtl8ad cost U￿ng the &ffective Intarest mthd unless the arrdngement t￿ns￿bJteS 8 financlng trdnsaclion. where th8 transaction 1$ measured 81 the F*esent V81ue of the ￿t￿r9 rec£ipls discoun￿ at a market rate of Interost. Financral 8S8ets d89dfHJ as receNable v￿thin rMe year are not anKMts"wJ. B•slc flnanclalllabKllles Basic finanaal liabilities. inchJ¢*ng credtlor8 and bank lo￿$ ato inillatly recogni￿1 at transaction unless the arrang8ment (x)nstitutes 8 finan¢ir@ trartsaclI￿. where the debt inthm8nt Is m&a5ured al th8 rxesent value of the futur8 payments di￿o￿r￿￿1 8t 8 market rale of Interest. Finaftci81 lialylruèg dass￿led as payable within one year are not anN)rtised. D8bt instnN￿ls are wbsequenty (wried at ¢x)st. t￿Ing the eff￿llve inter66t rat8 mlhod. Trade c*edilors are obligations to P8y lor ￿1$ or sermrw Ihat have be￿ acquired in th8 ordlnary c￿UrSe of operalons from svpplK9rs. Amounts payatAe ar8 da88Tfted 8s oJff8nt Ilabilitbs If payment IE due wlthln one year or less. 11 noL they *8 Fy￿nt￿ as non-wrrent liatmlities. Trd¢Jé ¢xedit(YS 8ro rwnised inttially at trgn$actk)n and sUbsequen￿Y m8asur*J at am¢xU8&J ¢J)st using tho &￿tive interest m8thcKI. D•r6GognlÉlon of ffnanGlalliabililN8S Finan￿81 kakNlities are derwnwj whBn"th8 thariirfs ot￿lgatIonS 8X￿e or are dl8charged or C8ncelled. 1.11 Employee benefits Th8 cost of any unused holiday entitleM￿t is rwniwl in the in which the errwh)yèo's ￿1r￿S are Temmnalion benellts 8r8 recognised imnHliatdy as an expense whan Ihe d)arity18 de1Th￿Strab1Y corllmltted to termlnato the employment of an empk)ye& or to provxyg temiinatton benefit& 1.12 Rfrtlromont bgnoflts PayTh8nts to defln8d contrlbutkjn retiremerrt trmefft schemes dlaryed as an expgn5è as they fall duè. 16- WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 crftical accountSng •stlmata8 and Judgwmnts In application of the chartty's a))￿nIlnU p(4Ka06. thè InJste6s are required to make judgem8nts, estimatos ané assump￿on¥ aLKKJI th8 I￿￿y1￿g am(yJnl of a￿ts liobilitiès th8t 8rè not ra￿&1Y 8pp8rant frorn ott)er sources. The estimates and assoc4ated 8ssumptkns aro based ￿ h￿orK￿l experience and other faCt￿S that are con$kler￿ to be relevant. Aclu81 resurts may differfrom th6s6 estim8t8S. The est5males ond urthrfwng 8s8umptkns are revpwed on an or4J)iry bas￿. Re￿$￿)n9 to BccountiThJ 8Stim8le8 are I￿OgnISed in the pe￿￿ in whith Ihe ￿timate Is rwsed where the revision affects that perK)d. or in the perK>d of the revis#)n antl fulure pEiw)ds where the reY￿KIn aifecls both rJJrrenl and ftrture per￿d$. Crltleal ￿d9aMents Imp8lmwnt Re¥ Delermlne whether there are indicatk)ns ol Impairmgnl of the tangib18 ￿ets. Factors taken into nsideratirm in r8a¢hlng such a detSslon ir)clude e0)rV)m￿ vh?biliiy arKI expected future ￿rforn￿n¢e of th8 88881. Where Ir￿j￿atQrS exist impairment rewews are carried out ¢)n the tharyty's langibl8 assets. K•y sour¢os of esdmation uncertainty Tangib18 Fixpd As8ets Ta[￿lbIe fixed assets are dep￿Trated over thelr useful lfves lakirvJ urto account res¥Jual valugs. where 8ppropriBl6. The Rciud Ilv89 of the assets arKJ their residual values are assessed annudly and may vary clependlng on a number of faciors. In r&￿Se￿n9 awt lives. factors a5 8ge atKI futu￿ g￿r￿)M benefits are taken inlo Bc(x)unL Valuation of Freehold Property As described in the the ￿yJnIln9 ￿￿leS of thè fi￿￿181 stat￿neTrts. free￿)Id proFErty is stated at fair value. The Trugtees, have aswgÈd thi¥ and ba￿[ on referer￿e to current Insuran￿ valuations COn￿der them lo be stated al fair value. However. the rtse in tnterest rates atxl inftation have caused svjnificanl disruplion and uncerteinty in the UK prop8rty markel whk* has Inevitab￿ incr83sgJ the degree of jLalgemenl in the prop?rty valu¥lions al the balance sheet date. Income from donations and lggacles ..Unr•stricttd- .Unre8tricted. funds fund8 Model Trust Model Trust Fund Fund 2025 2024 DonalK*)s and gills 10,000 17- WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Incomo from charltahlo actfvltles Unm8trl¢ted UnrestrScted funds lunds 2025 2024 Charttable actlvlues 238.216 237,718 Incom• from Investmonl Incorne Totsl Unrnstrict•d Unrastrfcted funds fvnds general Ilod81 Trust Fund 2024 Total funds funds 9on¢rnl Modgl Trust Fund 2025 2025 2025 2024 2024 Income from11gted Investments Interest re￿￿able 114 114 33,213 4.245 11,579 15.824 4,679 4.245 11,665 15.910 4,679 2B,848 33,327 The ints)me conslsts of interest of £10.743 IW24.' F28,534) frcffi det))sits ￿th thg Tnlstees for Mell￿78t Churth Purpos8s. £4,245 12024.. £4.679> fr(Yn d8tM)wts wtth th8 C6nlral Flnanre Board of the M6thodist Church and dI￿dendS of £86(2￿24.. £114} from lisEed nvesl[r￿ts. There was alGO a further £836 12024.. Nil) irtsresl re¢MvwJ Wa￿￿rS Soli￿10￿ for funds h8hl on thdr dient acclwnt relatlNJ to th8 SyJthtr*wh sale. Other matsrid Income Othar material incijme includes £1.479.084 (2024: Nil> frcxn th8 $818 of th6 fomier SoLtht)orouyh Motts)dlst Church and £121,878 (2(r24: Nil) frt¥n the rofund (rfa levy paid on Ihe s* of tho HornnK)rn*n Mansfj. 18- WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Expendttur• on charitabte actMtIg8 Assessmants 2025 A88￿8m0nts 2024 Dlrect costs Distr￿lAssesSMent thod￿t Chur¢h Fu Contlltxjtiorts to conne￿￿81 Prfority FurKI Sale of Property Lovy 10.081 42,290 8.234 1 r3,507 9,690 38,802 41,656 234,112 .148 Grant ￿ndIng of ￿￿vIlES (see rth 8) 195,678 2,000 Sh8rn of Support and governance costs (sw nots 9} SuppLVt GovemanL* 21)9 12,500 216.929 1,300 651.810 310.377 Analysls by fund unrestrict￿ funds- gwral unrestric￿ fvniJs- Model Trust Fund 241,436 404.374 240.959 69,418 651,810 310,377 Grants payablg 2025 2024 Gr3nts Iv institulions.. Supporting worship al Cwcuit Churches Refvrbishment of East Peckham Emplo￿rEnt of a CA)mmunily ￿thorat Tonb 11,500 181.678 2.500 2,000 195.678 2,000 WEALD OF KENT METHODIST CIRcurr NOTES TO THE FINANCIAL STATEmE1￿s IGONTINUED) FOR THE.YEAR ENDED 31 AUGUST 2025 Support eosts allocated to advltl•s 2025 2024 Staff costs rele￿One and travd Insurdnce and utilttbs alnl&n8ncs of manses Expenditure on drcutt ppjp Oth¥ oypendilure >vtsman(s engts 129.3* 13,043 19,457 14,351 16,PA4 18,429 12,5CKJ 140,154 14,084 20,426 8,419 23,848 10.000 1,300 222,020 218,229 Analys8d batwoen: 222,020 218,229 10 Nrt m¢>vomènt In fvnds 2025 2024 The net m(vement in fvnd5 Ss stated after dwrgIrW{cr8d￿ng).' Fees P8y8ble to thg tharilys audllor. - for th& audltof Ihe ¢haWs flnandal Stateff￿ts . tr othar finanaal sarvic88 9,500 1,3¢XJ Fees payaNe f(Y Ihg audtt of the finan(?al statements inc*Jdes £3.500 for thè yèar 8nd&l 31st August 2024 £6.(X)O for the year ended 31st August 2025. 11 Trusts9¥ Rev Jane Uizabeth Braund, racknd stIr￿KIS from Th8 P8￿c￿l Bureau 8t Th9 MethodLst Churth amovrrtlng gross £4Q.637 in respect of her duttes as a Ministèr IPresbyt8r} 8nd Suwintendent of the Wedd of Kent CiruJiL They also TPL￿1v￿j reimbur5￿￿Pnts durNvJ the yearto fhe value af £2,888. 12 Employe8S The avgrage monthly rwmber Of￿ during th8 yw WOS: 2025 Numbor 2024 Numbor WEALD OF KENT METHODIST CIRcurr NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 12 Employee8 Icontlnuedl Employment costs 2025 Gross SalarEs s(￿la1 securrty Olher F¢n$1t￿ ￿sts Apprentice s¢hem levy 22,227 1,258 313 537 40,942 2,420 1.666 589 24.335 45.617 The tolsj arnoL5nts paid re￿ling to stipends arrKX1n￿ tr) £10S,(￿12024.' £94,537). There were no em￿OyeeS wlM)$8 ann￿[ ￿m￿neratiC￿ was iTrJro £60,WO. 13 Contrlbutlons to C¢nnexlonal Prioiity Fund As required by th8 MethcKlJsl Church Contril￿￿K)nS are made from property 8abs lo Ihe Conn6x*)nal P￿ritY FLJNI of £173,S)7 (2024.. Nil}. An annual levy is also requlred ar￿ total paKI over durfng the year amounted to £8,23412024'. £41,656). 14 Galns and losses on Inv05tmonts Unr6Stricted Unrostricted funds funds Mod&l Tru$t Mod81 Trust Fund Fund 2025 2024 Galnslllo8seg1 a￿Ing on- Revaluatlon of invest￿EnIS 17 315 15 Taxatlon The charity i8 exemptfr(Mn tsxatkpn w ils aGliths all its is aP￿￿d for charitsblo purposes. 21 WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEPJIENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Tang1t￿o fixod a980ts Freffth￿d knnd and ts￿1￿1￿¥8 At 1 September 2024 Revaluallon 2.945203 138.333 Al 31 August2025 3.OB3.536 Canylng amount Al 31 Auuusl 2025 3,OB3,536 Al 31 August 2024 2.945.203 Fr88hrAd land and tMJildings relates to the fr￿r maFWS by Ihe cIr￿lt Ihrougthout ye8r. The historical c081 of the freehdd [￿Oper￿.￿S iN4uded * the baknr£ sheet date £Nil12024.' £Nil) and the a¢¢umulatod depreciati￿] based on historKal c*)sl woukj b& £Nil (2024.. £NIII. When circuit was established by a Thrger or urt%its thè wg*rties were passes overal m cost. Durfng Iha year there wa8 8 revaluattt￿ of freehrAd Prop￿ based ￿ wms insuro(l. In tho ophNon of the Trust883, this rerK8senls the f￿r valu& of thè prop8rtt8s al the Year￿TrI. Tha reYdluati(m 8uryIu8 isdis(*Md aljove. 17 Fixgd as¥ot Inv#8tmgnts Llsted Invgstmonts Cosl orvaluo Al 1 Seplember2024 Valualirx) t*t8ngss 4,170 17 At 31 August 2025 4,187 Csrrylng #mount At 31 Augu8t 2025 4,187 Al 31 August 2024 4,170 18 Flnan¢lal Instrum•nts 2025 2024 Canylw amount of Ilnanclal a$80ts Instruments me8surwJ at fairvalue Ihrough wofft or bjss 4.187 4,170 WEALD OF KENT METHODIST CIRcurr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 D•btors 2025 2024 Arnounts lalllng due ￿thIn one y•ar. Trade debtors Other debt(*5 Prepayments and acLYued In￿￿& 3.312 1,617.552 16.944 3.9￿2 17,662 13.080 1.637.808 34.844 Other debtL¥S for the Model Tnjsl Fund Indude the balance due frLYn the General Fund of £137.632. 20 Crnditors.. amounts falllng wlthln one year 2025 2024 Notes Deferred incom& Tr8d& creditots Other credtiors Accru81s 21 37,424 9,311 335,388 33,￿2 13,760 51,Tt6 391,183 100,188 Other credttors indudes Ihe baLar¢g duo to the Trust Fund of£137.632. Thor8 8r8 no th*term liabilitss. 21 Defgrrgd i￿Orne 2025 2024 OLher deferred IneA)me 37.424 33.352 Deferred income is Snduded in fir￿n(#s1 statBtn8nts a8 fr￿￿?￿5: 2024 Defarred income18 Induded within: Currènt li8biliti88 37.424 33,352 Movèmenls in the year.. Deferred income al 1 SepteM￿Er2￿24 Released from prewous perfc Rasources defeTh￿l in the year 33.352 {33,3521 37.424 33,352 Deferred in(x)me at 31 Augu8t 2025 37,424 ,352 WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMETrTrS (CONTINUED} FOR THE,YEAR ENDED 31 AUGUST 2025 21 Deferr￿ Incom (C￿￿nued} Deferred Incfft tr￿n chujth paK1 In than￿ of the whith rolate to the next 8e£wnting period. 22 Provhlon for Outstandlng Grants The &NKxJnt8 of gr8nt8 prowded unpaKI al 31 Augu81 ￿24 vrd8 £33.914. A lotal of £1g5,678 gian18 w8r8 awarded in the yoar and 8 totsl of £205,343 w8r8 pad 188viig 8 balanc£ ouislandiry of £24,249 0131 August 2025. It 18 anticipated that Ihig t￿nce wim pad ¥￿trun 12 monts. An anatysis of gpants paid during th6 year is as foSlow8: 2025 £ 2024 £ RehJrbishm8rrt of a Cinxlt thurth I￿lIdIng 186.343 350.000 Employment of Communlty Worknr 193,843 35&000 Eypensed through SOFA. sup￿rting worship at C4raJit CtrwJrc* Total grants in y¢ar 23 Retlremort benefft Khem•s 2025 2024 D¥linod ¢ontrlbulltyi s¢h•m8S Chargè to or loss in res￿1 ofdeffined Ccqfftlbuli￿ s(*￿me5 313 The Ch￿￿ty OFerntes a d8finthJ cOntri￿t￿l Sch￿ ￿ all qua1[￿[vj eM￿DY98$. The ass8ts of the 5cknem& are held sepBrately from fhose of the in an ind8pwKJ8nUy administeryl fund. -24- WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 24 Unr¢strlcted fundB- Model TruBt Fund These are unreslrthd funds whKh are moterial to th8 thariws a(*vilth. Incomlng Rest)ur¢es S8ptemb•r r•SOur¢￿ oxpendBd 2024 TranBfèrB Galns and At 31 August losses 2025 Model Tru81 Fund 162.910 1.622,427 (404,3741 {3.648) 17 1.377.332 Prevlous year: A11 Incomlng Re%￿rCeS Transfers Galns and At 31 August 2024 2023 Model Trust Fund 2250fj5 28.648 {69.4181 (22.500} 315 162.910 The purrM)se of Ihè ￿￿e1 Trust Fund is to rnake granis and k)3r￿ tr) the Cl￿rt d)urches. to iryn)ve the mans8s and other purposes as permitled by The MetFKKlist Churth. The transfer beiween the fuTrJs r*ted to support tho W Trust Furwj for the ministry ofth8 c1￿1t. Unrègfficted fund8 The unrestrthd funds ofthe charity u)mprke the unex￿￿ of￿￿￿tk)n8 other tharitab income wh￿h are ￿1 subjectto fYYKlilKJns by dorrtjrs as io IN)w they may be tL8&d. These inelude d98igrwled luntjs whK* have been sel asKJe out of unrestridd fu￿19 by the trustses for specrfic purposes. Incoming Resour Saptèmbgr resources expended 2024 Tran3feTS Gains and At 31 August losses 2025 G8neral fijnds 3,073,728 242.461 1247,436) 3,648 138,333 3.210.734 Prevlous year: Incomlng Resources S•ptember resources expendod 2023 Transfers Galns and At 31 August 108808 2024 G8neral funds 2.407.715 242,391 1240,959) 22,500 842.075 3,073,728 The purrM)se of the general ftjnd is *lmini%traknn of Ihe Cwjit. WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE,YEAR ENDED 31 AUGUST2025 26 Analysls of n•t as90ts b•ts¥eon funds funds funds genoral Modgl Trust Fund 2025 2025 2025 At 31 August 2025: Tangible 8$80ts Investrnents QJrrBnt assetslOiabilit*s) 3.083,536 3,083,536 4.187 1.￿.343 4,187 1.373.145 127.198 3210,n4 1.377.332 4,588,066 Unrogtrf¢ted Unrestrfct•d funds fund6 gènèral Model Trust Fund 2024 Tot 2024 2024 At 31 August 2024: Tan￿ble a8sgts Investments Curr8nl ass&tsI(liablllUog 2.945,203 2.945.203 4,170 287.265 4,170 158.740 128,52S 3.073,728 162,910 3,236.638 27 S•lg of Redundant Church On 4th July 2023 th8 ClreAJit enterèd into a o)ntraGt fL¥ the Sa￿ of Iha $rt8 ol a ￿dIMKIant churth sul4ect to planning p￿mISSion beiro oblairMI. Duo to d818yE relat'ng lo plarming perffl1s6ic￿ and sUbs￿u6nt re- gotialions ￿garding the salè price. completic￿ of Ihe sale dKI rK>I until 19th August 2025. No procegds on sale have Wev1￿8￿ been r￿n￿￿ as Ihe Trust8gS c￿S[der*I rt pr￿n1 tD aw8il 0)M￿otIOn b8fore anlicipatiTrJ r￿lpl of these fundF. Dug to 0jiwetic￿ taknng plac6 at the 8nd of th& )Inanaal year, 0￿d5 on sale weAe held by lh8 sdiLYt(Y al bala￿ shert dat& and [￿V￿lon was m&18 for re(*lpt of th88e funds. WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Related party transactions Transactlons wlth r•lated partles The folbwlng schedule 3hThs the rePdled party trarkwtiDrts for the year and amounts OLJlStar￿lng at thè yèar end. The Circutt churches aThJ other Methodist ory8nls8￿n$ are conBidered related part￿S for the purpose of delerminlng related paty Iransa(aion8. Clrcult churches 8s&ssment incon Grants paKI lo the churches Grant from fr￿neX￿)n Assessments paKI in thr 2025£ 238.216 205,343 21Y24 £ 237,718 357.000 37,424 33,352 Methodf8t chU￿h oryanlsallons Distrid assessmnt 10,081 Meth￿j18t Church Fund ojntribubon 42,2 Connexion21 PrK)rity Fund conlribuli 8234 Conne￿onal Pri(ty Fund Levy 173,507 Connexional PrK)rity FurKI Levy RafvNJ 121.878 Deposit-TnJslees for Metfrthist Churth PuryK)888 84.129 Deposit C&ntr81 Finarhce Board 124.493 38,802 41.656 210.516 -27- WEALD OF KENT METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Appondix A Circult meeting m￿b￿shts)- al 31stAugu8t 21r25 . F8rr Ann Suaznabar AM& Slobo Sartiara Crosswdl Carl Warrgn Carol Oakley Chris TowoWS Dermot ThornF Elaine CrfyJpe F8liryty Lusted Cill aayton Hden Wamiing Henry Edw8rd8 Hugh TO￿or Jar￿ Braund John Archer John SansNn Julia Bevis Kalhywdsh Ken Bames Kirsty McGhee ichael likawdson Nick Rowell Nlcola Merun Peter Crouch Philip Smith Rachel Slypard Reg Rumrnery Richard Cannam Roi hden Salty Dagnall Suo %Mlkins Vak8ri8 Lovett Valertts Man88r 10. 12. 13. 14. 15. 16. 17. 18. 19. 21. 24. 25. 27. 28. 29. 30. 31. 32. 33.