LAMBETh CIRCUIT MN0D1ST CHURCH FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31, AUGusf 2025
L4MBETH ORcUThMETIK)DIcHuRCN FINAMOALSTATEMENf5FOR THE YEAII ENDED 31. AUGu¥f2025 TAOiE OF COPITEPlf5 tharirYlnformatH)Th Iru5tee5 Kttw)rt 2108 Rewt 9 to 11 Sia•m•htofFlTrwKthIOth1ls 12 Notes FIr4rI$l•menlS l41026
LAMBETh CIRcun MEfHODIST CHURCH FINANCNL STATEMÉNT5 FOR ThIEYEAR ENDELI al.AUGUST 2025 CHARITY INFORMATION tharfty Wstr4tlon rwrnber. 1175488 Prlnclpal address Clapham Methodist Churth Nelson's Row London. SW4 71R Bankers. HSBC 8ank PLC 8, Canada Square London. E4 5HQ CENTRAL FINANCE BOARD 9. BoThhlll StreeL LoThdon. EC2A 4PE CAF BANK LIMITED 25. Kings Hill Avenue. Wesr Mallin Kent ME19 4JQ AlIt{>r5 Adomako Basoah & Co. Chartered Certified Accountsnts Registered Auditor5 45. Tivdale C105e Sanderstead South Croydon rrry. CR2QRT pas I
LU•BtTH ORCLIIT MEIIIODISTCHUK¢lb TRi6IEESREPORT ANDACCOUNYSFOR THE IE4RENDfD31, AUST10?5 ThtTruStees prEsenttItFrttO8ethelIhAtted finwcwstatements ltsrtheyear ended 31. AU$r 2025 •AYSOFACCOUNTS PftEPPAllON Thp Ian¢1 statements hè¥e bèen prered lTrac(ordae wth"AtCDuntinA and REPDrtlnE by Chari1.. statement ol RecoMrn¢d prts 7P1[ale io thathles prepaTiry theirac(ounts In accordènc with the Fina1 RepDrting stantt¥dapbl IhE UKand Repubk ol IreladI Ffts 101 lIS)IN1 ÈlI¥jil>.di¥j IhE Reportrysiandard appfvutdt in thÈ Uniled knr%doffl and RepuWKof IrekThJ l FRS 1021 •ThJ thcls11e5 Act 2011 arx1 UK GÈhÈralyAc(epied PTac¢Ke a5 it a[1raM i Jahw zo Tht finarK4ilaitmen15hM been 108Na-tft and h t¢qUlTEdtpprovKJea'irueaDd lair¥". Thisdèpartwe h•$4woW folkM 'A¢antin8 Reportlnl cnI.. staternent0fflec¢Vnded Pr¥¢kt •pplk4WewtharbtS pieparfr8the1rxto1sinatC0rdrKeth the FiThandal NtportiryStIWid in tFe UKJndlewtrthoflfvJ l F15 10211 Set4nd Editlon I" ièlbtrtD ihe ind Ch•thits. ol lecornrneTh4ed PracrKe effecttye from I,Awl 210SthKh $SIncebfi ldTr". Thp thaKbo1stat4Thts WwThytp•red1varcordewfththeX(oynfkn8 pol% sei Qutin Noie2 10 Ire•ttoL¥K& wdthaccorthrK•Vthhtltrty fjOVER141NG OOCVME14T AND OWECIM ver16d0{Vel loriheclicuii isthe DeedolUnkn11932lwd Mrfwtstchurth (1119761. Th• Purpw olth• Mètwrtt CPrtrth•rnindshll btdeeffledto hbnneth&olft olthE Unh1n,t afvancemtni ofr. lal IheChri51Hn faith In lth td0111I%•l QF the POeihDdi£l ¢huffrh-, Ibl Jny chor•b wrp05esloi the tirnethof artycomexthal. dls¢rtL I)rtu xal orothèi Olianir)OITht Methudi5r Uwrch. Icl anychaiitabk purp)se torthetifhÈ btiry•l•nYsrfiÈtyotin5ti1ulioTryknid orancillarytoTht methtrJI Church.. Idl PUPPOil loriha methodtchurch In Slriyin8io aihvèveitsotsiErthY5. ¢11$e54?refrj con5tsaihintotsCh¥hy ComML4sbJn's8waI8UWjartèOn pJttyefftfii WecDnfitrn th31 theru th711ty1541ofhd tyFR5 102.
LAMBETH CIRCiIIY METh0 CHURQI TESREPoRT ANDACCOUPll5Fof¢ThE YEAR ENDEO 3LAUGVSTZ025 I CothLwd) TrumES ThE Tru5E5 oftheCk(utt aSelled from Off hJldersofthEMethodWU)u The CiftsJit 15 m•NIedondtyd1V kniinreThJentrnin15W.the Cwii rnisterS It Ciitwit Steward> The Cilcurt Meeiir4Mtmbttsthoareakntn15tee5are D151rlrtthali Jwathan faTr &Ap•rtrt•ndeTht Mlr4si•t LAMrw lywslto 3[Av51 20251 Or Pl7 Ilvnrn 1. 5•pi4mb•rlQ351 Rewjxnsthl M•rk•y Sp•rnurn•ryry r•Jlthr4lh(&tu R•vOGordon A%hrrt fjr•hhThom•s Alke kliuld.tyTr•r4 Oahl Sxkey ChristineAMDr VrtiorSaOthJfi AW'I Ta¢ n Korfey PairK Ua K4>p •JnoJh4ho Opv*afe La¥rt Aw5tsntTrnJwrer Arabe1
TRilSfEESlET ANDACCOUtirsFOA ThEYEAR ENOED 3LAUfjUST2025 ItEFWNCE•J4DADMIIIWIThEDETLs SanthT•vlur P•tAshw4rth Iina Ka¥Air IKobAraJh H41 Chr151hethMr 61ht¥.AbbJ C•rrnM Rose s B•klen J•neiOppory (rt¥ Tjvlur Ev• Ky Koh Kyei NIN tlormDn Comfort B•baw* T•mittspeT Solomo¥tQu Dorothy BkrKDe Anton M•h Shah)rtBryah a Fadu page 4
LAMBETh QA£UtfMEfHof115fciiLlaOI TRUStEES R£PORT ANDACCOUN75 FOR TME YEMA ENDED al.AtEr202$ REFEREIKEAPIDAOMINISTftATWE DEfAIIS ceAduku Naihanl Bewy Loma KoL4AJao Harriei fOr 8u•ku LMSM'5 &VVJxll Ml Ur5ulaCtyenden e AC)MIra ¥KtV4•re5 raAth W1AN0AUD 1tsOC Bank PIC CentralHnanc• BoxdoltPe Methodry¢churth C4F BDn Umthed & C4) Ch•rteredCenttdAccwni•n¢s Re8lst•idAL¥Irto S•nd¢r>t••d Soh¢r)n JThe¥.CR2 ORT Thecifcuit is manaya * a rnadeupolihe M5$. ihearcubt Stwasr lotal ¢hurch repieseThtaiwe& TheClrtuiienSuthll in¢othir¥51ew4rd54rewdl eqpPed rvaryryforihern tDaiteDd traknlr%andseminartor8anised tythe Disin •ndthe t¥cuit loi that wrpose Th• Load•ryhlptwffl ffl••ts rè npYfftyjn4 olh¢rii•tt¢Tr pprtJniD8 10 the hfeoftheCff(uStaThJ th rNke reo)mtswthtW5 lOtFeCw<uit Meetlry. ThEOrcwi Meetire mee153t leasttKe a *att•tthlSi tetOmmEratK)s0nd recei¥e re[rtS fvom and to MethodL4tConftthite. LOj0 [hSt[E Le4deryhlp
iAMBETh cfR£uJTMEfTri¢)D15T£HUA(H TRIJSTEÉS REPORT AN0ACcOV FOR THEYEAR ENDED 3L.AUGUST2025 I CoMlnuÈd) FUNCllONSOFTME aACU ThÈCilLuil'>iTIWKTrn 5taternenitsiobeowrtOGDd.opEntO Lrfeamlw tVvd'. olthe cIrclI1S to the 5UPPWt to the kntal rCsWIthin IheQrtuit.Carefulcon%deratiOnof the CharitycomrnwK)n'56ern1 luhyanOfi pumirbeneft sbeen bomt in mind in rev¥theUrsS0ttrÉuff•d in p1 rt5 The ttU5tetS (011swJEt I11 IhE rurFCllt aaMt5esasdti•iW Irert&•Ernèrrt. Cir(urt lesp)nSiAe Iu Ihp Vow¢vidE mini51erwloYetsyhf and pastoralrA¢e lor 9hxal¢hyrth5 lTrt C¥tu T0pport Ihe m$ter1 ieamof Spresbvteol mirysier Tviiidiiilolii J iiWilSV&dnU iyrnan¥e JKwesimèntpropertL To supyi bcal thu1$ F4¢e fvrtir5Np IIGOALSFOA ThE YEAR The rnain8oa15 lor ytarwere.. To wi0iii¥ Iqrfvru W•nll¥•ttoTrofhhids4trtyl9lfhe(¥cIr toiiSQ itSr¢5Ow<eseftedw1Q IWIr$M11 tolnvesi•te wiys o1101e1herWxhtheQ&jEthy1Ithtrtt TrTrth5 WQrnat4¢ the•51¥¢ IMlr4o1tlIr A(HIEVEMcrisD PERFN¢MIKE Tho church buildiry41 L•thbeih W•Ikw•s¢¢mplEi0u(il¥rI1e y¢4r. FtAkn1wttscomptn. the olri(f InitrétNe ol Mpw P?pplp NePtxesl NPNPI ThISrIe¥rhe•ded . Suzanne Shortwh. Tht Clrtuit recor+0eChOr£6j0.lloz•.4ePdlol£274,Jts)k1nIhe1f. Thi%dtftyt pro. t4nceof ihe unresirfrtedlundsal 31 Awust 20ZS was£lQlSI,886 11024- £10.751.J751. Th5 4nrIL• I1u0•f FIK•d et$ tyf eg.?46.ty20thErrbylcy • thet b•WrtrI £405.966lDrthe8ernI runThr%of Ihturruit. Tw5tEe5COn5thrthiTknSolnet IUld £4C.966 lasadequate ¢0 rnetrVQI(uft 1kMn¢kilobiKJnS. TheCil¢uit yNIIcDnDnue pro8ramme 0leApknin8rnSI0fft ITrifK•tts ithothEretumtnKal thurctr*s the luthranotI1sobjtClryÈs. PJ8e6
TRUSTEESREP0RTDACC0UNTs A)RIHE YEAR ENDED31. Alu5T202s Icontlnuéd I Ore Poll¢v ThTrsieSrde4¥Our wrnaknialn Suffwr ReseThesiotn5ure tharthtCircvrtt50na Gen31 FUnd{unre4 fvndlbaLArte artheendoftheyear. eAdudin¥the ciKU5tprnrtS of£9.746.920 w45 E40s.96Ea5wab0Vt. IrreS¢e5 Olcyis ¢0 hold ai ast6rmhsepeTrjiturC.wrthttUtseI of nnual expend5tult, lèA11the LamtlI1 MwonledwQrnen1 pTh)Ject'5C05t 01 £488.8751 4t532.1P)l. the expEtred ve1 ofRtStrve55hou bef316.045compaied to theaciual reèddy avaiLible reseThes I circGeneral$uthI ba1arrfelèssprokn5wobJesI of É405.966. Thecurrent knl of reserye$eXe Ihe expttied kntheiruSthÈStonyder the twreni Ipw¢l •>•PProppillt•4J •ie piil>>bJiiutsfrtifrfe5Twwi¥wthre the use oi tr exte55 seTres ThtTFustees ha¢m1el thekvlvimlws01th•tyIIVelIIS•n¢OsidreOwknt ii&ks •115E In(ho1 th¢se •r•s. Inth¢ownk)iTrufilY Tru5tee5. re5¢urctsarwJ system5 h•¥e betn tytsWtshedwNth. r41rM¢QnOknI5. SI110 rhe rf515 wjènrffled rhEm tobe rnk•ted toaDKUwabWITrI14yaay tol•yopeNtkn The IrUstee5<ordlrthOi ihÈCIrch5thU•lelnW11UsIOClln in Opvaihin loi tP• fore5eNb fvJtult. CuffEntty. Iheclrcutl L%be&¥ runtytht Strnts8ir0ps that wire seivp the af•is•l rty. firk)r. m1$x andxlrnknI5trat. ThL4.11 K4Wd. ¥All•nwr t1 thmssw)n Ille Is revlved whKhwfjll ihe ¢or4rtV141c¢c1I0fi$. The tntstEes%herelorec0ThshJeriI I1CoreM bthrtmiin51 r¢awr4Wtbaslslort preparlthinof lfie fCOUML Treiry51eesare not awatrd•ryp05t hnL•ette¥nISWNthCOuk1ne1ts411Qdt nèncwl 51aremenr5 ¢flthTFMFWTNIAilmES#ÉSOPXIBIUTIES Tiu5teesare rewrothfDrprerIF Trvsioe5'Report4ndbkf•Mnrial Statents in ¥rorthn¢ewrthagplKab Unlted Kiwml1lsI1fftdrds (United rydaM Generalty ttptabC<0vn11B PrartKel ThE kwapplutiocharf15kn & WswthsthÈTn15ree5to yeparEfinanoJl 5IateDrtSforèathfillana1 wrwhKthswea and faifwÈrf olthÈ 5t41tof alfaif5vf Tl th•ranoI inEornir¢ reSOu$•J appktai?nolresous tsfIhedrity foi thatr. Inprtyarir*thESe fiTh3rKWstaterneThts theTw5wJre requtyedto". PaBe 7
LAMBfiN QRCUlTMEnioDISTtMUAOI TRUStEE5 REPORT ANDACCIX*NTS F0ft YEAR ENDED5l.AUST2025 (conLd
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INDEPENDEIIT AVDrroR'SBEPORTTOTIE MEMBERSOF TIIE I1&ETh ORcvMErHOljl5TUIvRL1l REPORTON ThERNANOAiSTAIEMEF47S UNQUALIHED CW410FI We hove oudited thp ThÈ LaMbthCknJh MÈiiw)dtst(hurthl thethatityl ltstheye3r Ehded 31, Awst 2025, thhtDmwiSttsfthÈ Ststtmentof Fil31 AciMtie5. B4lanceSheef. thE 5torementof f1fv3Jnd note5 foih? linanctal 5uments Indudi 5urnrnaryo15wanifKani Kcounting yJli(ies T r¥wiir& Ir4iTiWWUtk Ilidl hdsbEEn4WvJi I1[ VlVvdr4l7 pblE Law d United EdOM kwuniir%St4nd4rds. thdLwlir FinarKrél RepJrtin8stènd•rd 102. heFlnancbal Reportlng staard èpplKable in the UnitedXiWMaj the Rtyuildc•I Iiekaad. l Unrted KirydomGenpratykcepiedP<countllE pe) e a iru¢•ThJ Ib51 ¥knwoI I#all 01tchaV$ as at 31. Auiys¢ 2024 aNlolhs resra aWMityJnolreyxrces lortheyewthenonded A(ceptedc¢)untlry PrKtKe.' JDd . htrt betn prtyredln I¢51h1tsltyyknrneno1cknarltIe$ACtI0II •ASISFQIIU14QUALIFbEDOPlllh wèctsThduCltd trufiudil In accordè wlth Iniematlonal st4nthth0nAlII l UK I (Ists IUKI and apol(•b law Our le5pon5ilrt wthriho¥¢ wndaf¢Jsir IuffhErde5cnbed In IL¥ll¢o¢S tesponslbi1ft${D1 the1rI¢11he fin4rKi•l 5tJieMen1$5ettn offoyr report. Weare Independent olihECh•rtrv In •¢¢tyid•n¢twrth th tlnical It4ment1f4rt rew4nt to our01101 ibe firt•1 si•¢eMnUh tht FRCJ Ethic41 Sl•nthid5.•nd we hv luffildr01fverèIhu1wknl5 th accorda wilh thEse teouifements. Wt believe thai the audii e¥iderKeweldm obla14 is svffitntII •pprow•it to prO¥e a bèsisforoul unqualified oprniQn CONCLU05 RILATIN4f(OOlNG CoNr¢1 a111¢ the finandal 5141efflents. we ha COldedthItt tr¥stttS'useolthe ioir CIXKern504c¢untltyInth7 kvtyarattho1thefina$ll siaterneffllsi5JpwoyiIIe. sed¢nthEWtytk hève Fortorn.e ha¥enot entI •ryrnatlial uKertaint# thttharitys abllityto<OntinvEa5aeOit¢rf¢MfOr3 porhjdof al1¥jenth5Irorn when thefi15t4tThtS aitauthonsed [tysue. Ow iESFKnytylIt53n6t resp0ThbNIsOfthe VL4¥silh rtw tO8orywrM are inthe¢¢knnt sÈctknsolthkf•pJrt. OThER INFORMAn014 The otherinformatn il&ld thE tEPDrtotherthanthe hr4K&il sr•iemÈntsand Ourau6itofsiepryt therew. Pa8e9
IP4OEgEIIDENT AUDtf0R'S REPOftTTOTHÉ MEMPER5LfTIIELAMETH (rRcvtTME7HODIST LItVRCH TheTru5tee5 are iesponsrblÈfDrtheotherknfomiath)ncontainEdwithn the anThl re. our0pin onlbefinatrcial 5tatementsdoes not (overthe olherjnlwnuiKaThl. exceo to ¥xlenIvthentylseeWk SthTeOth notexlvess anytorrnofassurante conclu5ton thereon. Our Tespgn5iWityiS to rèadtheatherifbformatthand. in doing so.<0niwJÈrwhethgrlhèofr 15 mate1rd1 ConSIStenI thÈ finarKKHI 51atemeDtsortsur knoww obtsiREd inthÈ cowstof thE altOr01herWl$e amr5to bernJienalty mi55LIW. Ilwe hlentify Sh rnèlerial iron515tEits dpparent materi4lrnhsitrnenIs,we I requiltd to dttermfft yJhpherthL4wvesrh to a m•ieri•l MtsstsieMe1in thE finandal statements th£th5. 11. based Onl wehm Derfoimed. WE rondLhIeti thÈre &mater¥ mthiatemlni 01tSother informK. weare requwedtoie¥tyr ihJthct. 14rt1ili¥ r¢1 IRIN5reyro. WsTfERS ON WMIOI VIEAAE REQUIHEDTOIEPORT8Y EXCWICW WE haven0thl tolert res1 olthtfolkywry mittws the Tfts IAtCQunts4nd Report l Re8L4•tK)n5 regulrn us to Vln•wDwnh7Tr'.
the it)ImIn theiruAEys'rym 41rt•ilnanVM1lerl re5Wwrth the Ilnancvdl Sl•lement5-. or gJlkknTrtKcounihU rttoids ¥¢1 teenept. or ihp finalKl stst•wnisare nor Inweemehr whtheIr(OlITty or w lTrfftnot rocohd alIt knlorrn•tKM•fvJ tyfv•tK5 werewrn fty¢¥rMttl1t. WPOWSI•iUTItSOFThÉ TRUSTE Asxplain more tulfy in iho Truslee5'Re5poThbm1sI•1t set¢xronvqt?. the Irusgeesaie rttponslbh Iorlhe prewrati0nofE hn•ncwlsuternenis•fvJtsr beh tlsw ih•t rheyiwa tiuQ and fairvitw.d forsh¢t¥1wThVDl1$thttIUStes +JettrrninE Is ncctssaryto ¢n4b iht wepor4101 Ihe finJn(lal lilwl11•w[11e Iree rniitriil mi551aremenr io I[aL orerror. In thE statemen¢% theiru5teesare re5pNlb 1ty155eryichlr1ty ity toc4ntinutasa 8Oirconcem. d1$1Ppl1tle. mat1er5re1ed tog018 guHl•t Ihp thJrityoriocea%oper•tk)n& orhM no ivNsikalterr4ihbuttodo 50. AUDtYOR'S RE5PONSIBiimEsFOR THEAiIPITOFTHE FINANQALSTATÉMEPU& W• hav•b•th •FPQint•aJL AudilorwdevS¢¢tifNl441145altht 2011. Sn aicordante th tArtr re¥0m reK)nS Maor•¥IreeI1e£I theffuth. Ouff Objectes0re to reasonab a55w4¢ •b)u1hetFrthtfiClIISIaIernonts •$ ahoftare floè from mlierial m155tament. whvihtrduet0frafj oreNor. andttstS5ueJn alO¢S wrtthatintlude5 wropSnknr•. Re•sOre•S5UrreI$o hefi O1•5Surae. brtis nol a glantthatn Ir0dctOd in attdan1th UK l ahAvs detecta mèteiial mi%%tstern¢Nwhefi it ts15ts. tatErtlS¢n ar55e knm fvaud orerr¢y pre conshlered n)oteiial rf. or in autwtE. thEV EoubJ re45onablybe expectedto inlluÈnte theeEonwnK dethSionsoluSEt5t•ken on ihebasisof theSeIn(la1 5tatÈmen pylo
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LAMBEtH CIRCLIIT METHOOISTCNURCH 5fATEMENTOF FIWINUALACnVITIES FOR THE YEAR EMDED 31 AUGU5fz025 P4ole UTrre5¢fKged He5tricted To1 1025 2024 INCOMIPIG RESOURtE5 Charitèble Attwitie5 22IW) 228.sc 210A Inv¢srmert Incorne RESOURCES EXPENDEO Expendllureon Raisin8 Funds 4.1.4 .SJ4 62.550 52,416 4.2.3 0.115 78.xll S8D.IL5 636.454 Others TOTAL RESOURCES USED 14ETINCOMEI I DEFICIT I FOR ThFYEAR Belwe Il•cagnl%•d G•lns 1631.0291 115 16)O.•J4 1274,Jts)I OAL4NCE BROUGHT FORWARD 10.7SI,375 7.531 10,758.9 ALANCE CAIIRlfD FORWARD AIIKtfvits artdtfftd Imm mntinwir4operatkins Thtre ate no lurtherreco8niW1kn55esMythswhtrihanthe Id•lk1l)Ih tori* firwndalyearn. Th• 14 i• JS lh• Iorrn an kntr6r•l p•rtolthpJ¢ slitents. pa8• 12
iAMBETH CIRCU MEfHODIST CHURCH BALANCÉ SHSET ASAT31 AUGvsf 1025 FIXEDASSETS yfjresited R•JtrKtsO TOT A L TathIE Fed •ssets 5.550.L 4.202,101 5.550. 4,89è.25& &1 4.196.920 5,28t Tgtal FlwdAM•15 5181 9.75LZOI CUftREKfA55E75 tibror5 ahd rath 109.018 59.051 259WQ IBJ 676 47 441 1475 444J69 j931 El)fTOIS.'Iwthntstsiii due wlthln ow)YN li TOTAI NFTCURRENT ASSETS 310,648 TOIALASSE75LES5 cuftf¢ENT U4BILITIES FUNOS 12.1 7.756 7.756 7.$31 UTrTeStfkt Fwr45 11.2 PAlt•s 14 to 26tr nritl•l si•ttrneNS in Inieyal partof tht siat¢rnEnt Approvedht tsn.. .. ILl&l Se5 Pa 51 Minister K0vJAffloah.kQ perlrrte slee TnbSteE pw13
LAMBEfH ORCUft MEtHODIST CHURCH NOTES ro THE FINANOAL STATEMENTS FOR TtrIE YEAR ENDED 31 AUGiIST2025 I. BASIS OFACC(YJIrnIIG l.lThefinancial statemerts ha¥e prepared in aOrae 7th'ACc¢lnE and Reportin£ bycharities.. Staternent olltt¢omrnended Prnctite applicable to charities preparfni their accounts In aitordance Wilh th FiTrawal Reportin8 St3ndar¢J applitable in the UK and RepuèlKof Ireland l FRS I0211Se¢ond EditK>nl' and the Finanoal PepDrtin8 Standard app1•hI+ the United KSn8doffl RepblOI1reIand l FA5 102 } and the CharitiesAct 2011 and UKGeneraltyAccepted as il applie5 from lJanuy 2015. Thefinanclal Slatements hèvp been prepared to 8ive a'true and fajr. have departed fromthe Chaiilies l Accounis and Report51 ReKuJatlODs 24 onlyto the extent requireil to prO¥t l.t1¥ 1411 v5¥w- ni15 depanure has Irvoivea ftyio¥in6"Aicountlngand AeptyiinÉ bychanties.. sia1effleI of Recommended prl¢e appl¢cable w charities prepatln8 Ihelf aCtount5 In acctydanEp wrth th• FIrtAhril Awrtln8gt•nd?rd applitxW• in th¢ UK fjnd Republic of IlaTrd IFRS 1021 I SecOd Edltioftl. ratherihan theJuounfin8and Reportin8 by Charlties.. Statemeni oFRe(ommendtd P¥artKe effertwe from l. April 2C¥)S. has nce betn wtthdriYb". The financial stat•ffl•nts haw prepared In •¢cordvn<e wlth the•cc<wJniin8 yuIIGles Set oirt In Note 2 tothese xcount4 and tn acco4nce ¥th the8thrnin8 thument olthe Clrtuit. 1.2 TheClr£ull constttutes i publkb•nefit enthya5 d•fintd by FPS IOZ. 1.3 Noch4n8Y) Iv •LWUnth¥•stlmates otturrod In the ¢eportn8 perfod. 2. AtCOVNTING POiICIES INCOMING RESOURCES 1.1 Rec4nsiion ol In(¢wbe •r• r•coaDlÉ•d In the S147tQf¥¥¢fit?Ir4nqThoIteSl S)FA
The arcurft bt(ome5 eniitled to Ihe resources.. rt is more likely than Dor that the trustees Will receNe the re5oue', and ThE munetary valveon beereWrth suffiuent reliablNty. C(uftAssesgwnt irthne reco8nftKJn isb•seO OnthearCtfflet1islppY0d asses5rDI0 eachIndmdll Ihw(h inthecifcutt. Rentl ifttoMetsreco8ni5ed oTrtheb5i5of the reTht•5pef thE a8ieemen[. 2.2 1)ftsettiRg There has been Doo115enin8 of assets èod ftsibnntes. or income and Sos. unless r*4uir•d or pornirtted by the FRS 102 SORPor Ffts 102 prfe 14
LAMBETH CIRCUIT MEtHODlSt CHURCH NOTÉS TO THE FINANCIAL STATEMEIITS FOR TFIE YEAR ENDED 31 AUGUST2025 2.3 Grènts and DoTratlOn5 Grant5 and DonatlOn5 areonty induded in the 5oFAfien the General ifcome recoKnitw)n criteria as stated akne are meL 2.4 VDluThteer Help Thevalue ol aoyvoluntary help retrNed tsnot indudEd nthe atcounts. 2.5seitMertt of llSurance CLiim5 lJwran¢¢ cl•imsaTe onuded In the &)FA when thegeneral lfftcome reco8nhlofy crrteri4 4r rhet. and ar• Includ an tt•m oforher In¢ome in the SOFA 2.6 Income from Interesi. Royaltiesand Driidends ThSs is induded In the accounts %¥hen receipt i5 probable3nd iheamount rectiv4bJe can be W5red reliably. 2.7 Investment 8ain5 and losses Thls Indudes an¥reallor yr1¥nSfjr thK•l• trflny•¢trn•nts and any Éaln orloss rEsuhin8from revalulwithvestment5 10 math lue at th• d of the financial year. l.B Rental Incomt Renial income are onty IncludÈd In the SOFA when IhÈ¢enral hKome recoenrtion APPUCAnoN OF RÉSOURCES 2.9 UabiNty RttogffiJDn LbIlitIeS are rtew15ed Is nwjrt Ilkelythan Trot that1heI$l Wl or 4w151flIVe obllyiknn committlTh8 tho 10 Pav O¢A resource5and fheamtyjnt Iho obllgaikn can be m•xurd wilh rtason•ble certalThty. 2.IOGrants Gran15 and donat)n$re loi %•then pald. 1.11 Costsdirectly related tothe dthètcult. XED A55EfS 2.12 Freehold land and build Frtehdd l•Dd i•id b5111> fvt •1 Vl¥lidl L SubsE4ueTht•iltsn ba5LS. T•Mlble FIAed Assets These are the manse5 mana8ed b¥theOr¢¥it. The Cktuit manaKe5fl¥eMans15 Ilxed ASS41 lrtve#merts These are the Propert Maged bythe Ciicutt wllh the ¥wtts8enerate Kome or lorthe invostment potontial.
LAMBETH QRCUtr METHoD1CHuRCH
NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31AVGUST 2025
In the year Und revlew. there wereMsu(h Propert5. and one ck1Se&ttrlsblPchYfth
The freehold land and bvlldln8s meMhined3bove ¥e shown in ¢heseaccounts at valuatlon
2.13 capnalisaMn
U FiYedAs5ets¢osts ¢¢¢5501 £ J,rth inthE year arEcapftallsed. OtPere. gJch
COXl5 arewritten olt kn theyearof •m41Ure
2.14 Depreciation
Otrpieciable tan8lble Ireehdd bulldil8 Values are depreciated 41 a rate cakulated tovKite off
thecost. less re5idvalvèlue. over their empetted u5elul
140 Dopte¢iotson bs pded yn
No Dtprtdation pro¥p4ed Inve5tmert properiies. Therf4r• 4tarpd * rn¥kot valu•
RareoFdep¢tdatv)n iawblè fveehold buldln85.2.5%th15tr418ht lkne bas15.
2.15 Tanble Ibxtures. and office equlpthent
Al ihnEltr>Kb nrtur•5. ffttiny •hd •9YiPffl•nt usd yth¢ull 4r• wrttten olf Is and heri
Incurred
OTHERACCOLIMn146 POUOES
2.16 Fund5
2.16.1 Unr•striae¢ lunds reprtt•ni lyrtds %vhlch are ¢Whd•bleat tho of lh•
Circuit In ¢h¢ lurtherw¥ceolilA atyl¢ct>andthlch h•vi nut been desWTed for other
urp05es.
2.16.2 Re5trkled fund5 tan oTrlybt used for spetlfttd pury75es. The purpw of Any rt5trKt•d
fund is noted in th• ftnanclèl st•tements.
k.li LonSoiillafl
The CiKult overSeesthevffj of minister$ 4n¢J
MBEfH ClRcvrr METriooisfoiuRCN NOTESTO THE FINANCIALSTATEMENT5 FOR THE YEAR ENOED 31 AUGUST20251 contOThued I 2 19 EmploymeTht Benefits The c05t of any unused holldayertitlemoni is reco8nisod ththe period in whkh thE EmplDyee'5seMcÈs are receNed. 2.20 Taxation In theoplnvjn offtho trustees. thefjrcuit 15exempt Irom the Uryf(ed Tr8dM Tawk)n on Its incomi& re50urt¢s fortheyear. 2.21 Accountin8 e#imates and ludÉem¢nts Jn ¢hE appiicaTion ol rhe Qrcuii s attLwnring portye5. the trstee5 are required to make lud£ernellts. estimate5, aTrd assumptims about carry6ngamovnio( a55ets and Ilabilities that are nnt oEh•r r•wurco:. 7he ¢slirnutc>•nd •YY¢Xi•ted are based on historlc e&Derience •tyd Otr fartor5 thai are tonsidered to be relevant. •aual result5 may diller from these e5timaies. Ihe estimates and undertyingassumpiioThs are revwd on an on8oln8b4sis Revisions to ac(ountln8esiimate5 are rero8nlsed in the period in which theè5timate lsrew5ed where the revisloth affe¢tsonts ihat Perd. ur in ihE perbod olrhe r¥)n and tperfod5 the¥eth• r•viSn JHecis both cuirent and luiur Per%. The maln •55UrnP¢lon wncernln8 the ltstui¢ olthe Cirruh 1¢ thJi the as•ssm•n ificomo ond IrKome from the ient•l properts wll contihue to be Suif#JeTrtto meet the costs of stlpends. $aLirI manses malrsi•naTrce. and district ass¢$sments. The ann4( bud8¢t. a5 approved by Ihe Clrculi meetln& Include$ sums nece55ary Iwwvwn8thewt05t& Tht5 isthen allo¢4ied amcw each church In the Clrtubt. The Circuit has financlal assets •Trd Th•bllitles ola lnd ih•t quaNfya$C finantl•l Instruments. Basic fin181 instrnmty)Is ire Inltl• re¢wts•¢ aitransl0v•1Ue and subsequèn1 measured at their settiemem value. ?.23 Aprthmentt OfC•¢s bEl¥¥•Il1> Govern3¢ andother Costs •rè DPOrt¥Jhed bets¥ttn Atlvtrfjp% I fhArh¥bl• •Thd ENp•ndltur• to raise funds l on the tsasi5 of each aai¥iiy'5 income in thÈyeai rel/tb)n to each Olher. Th15 poly exdudesany exfÈPtH)nal and ThDn4ecuirinÉ items. 2.24 Financlal InsfrumeThts The Cirtuit h*¢ finncl¥l aEs•ts arml li•bilhi•ÈolJ Ehatgu•IIfy w sk fin•1 in5trurnents. Basic finandal instrumentsare InalreCo8ft1$ ai twsaclion and subsequElltly measured at their setllement valve_ ie17
LPJ4BErH oBcurr ME¥HofxsF CHiIROI ItOTESToniE FIPIAIKIALSTATEMENT5FOftTHEYElfttNDED31. AUGiJsf1025 3 IWCOMItIG RESOLIRCES F Futh FL¥th 2025 Fund5 Z4 CIrtI?5$esfftnts 0 228.5fy) MO.[ 3.2 Centr•l Fin5n 1)ntest ?,47l 2.471 S6.235 86.Cfj3 375 Q JQLW 212.623 241 260 4CcOtsrft•r•$E knntal IrKorn 86.323 )75 201,581 261A21 4 RESOilktES EXPENDEO 4.1 EXPENDITURe ON FLIIDS 7.1 LW¢tLI YVE14DING Properties Repaiisand Mainrenarfe Estates4ents Fee5 Irsurance HMO Lker•$ Piopefty Ut11th5 21$57 17.557 i&o#i 1.938 9.449 13.759 2.025 4.519 9.449 lJ,759 2.OZ5 4.$19 1.938 4.1.2 8VPPQRT FOR EXPENixfuRE TORSE FUND5 Gw•rnane•costs L11 Fees 1562 1.281 2.833 44$ 1.771 Z.833 1445 L281 •oOk.keeF<tyes lrnurance nkCha¥y5 320 457 4S7 17 I.J 0R3 Ttieohine L225 1.225 1.693 1.693 Swdry Exwnse5 Sub5cnpih rrand Web5iie Expert5es 3,446 2.213 3.446 1.205 1,524 61 159 4.1.4 SUPAWAY OF EXPEhDrrLWIE ON FwsifK FUNtIs sIng 43.S48 5upwt Iijr Tai5in8lunds Go¥emartÈ otry 43W 36,193 J&193 111877 159 16 10.843 9,535 16 52 page IE
LAIIBETH ¢IRCUIT METHODIST CHURCH NOTESTOTHE FIMNaALsfATEMEI4TSFOA ThEYw£NI3l.AuGu$r2D2S Vnrestitttt Resiocted TO thSIrte(leS$rthd Totsi Funds Fwd5 2025 FuTrJs 2024 41 EXPENIMfuRE OI•cHWABLEACTMTs ¢11 DIRECT SPENDIP DIstr1 AsseMmnt spEnds. Pen%onand NIC &ILiries and NIC Ywth 71.452 186.652 47.42B 2%70 7J.452 77.676 lJ6.652 165.717 47.42 41486 2,870 292 3.220 77.675 165.717 42.485 292 3.220 Pettuttdanry Payrnents rJnaiw5 29.4SI 29.451 4.22 sRy FORCFIARtrAEAcTIV[TIES 4.2 2 1 PrwnW E¥p Offvj Rent 101.518 IZ.389 IOL548 140.948 12,509 J7AbJ3 Mans•s Utwi$ 140,948 17L¥J3 3#.9 ¢)JIn•WY R•wt F•os 2.238 1.138 Lllg 1,399 1.967 1,ts)3 1.229 4.IU4 317 1.967 1.0)3 1,129 2.109 I,J9Y TAICP cnètw B¥r ChA 252 3sz 4.2.23 Olh 94027 .oLI l.C9 524 lelephone DSL Pnnt and Siatthry 123.676 L17$ 1.175 l.J17 S24 ioi 4 ?.? .WNUARVO¢ CAIAryo¥BLCACTMrita 350.184 0 351184 2J8.135 SuppDrtfotrhJrita•i¥ities tmises Exper GovrTran Ot•r$ 281135 113.052 5.288 123.052 210.655 S.285 6.620 131032 110.6S5 6.625 io P•V 19
LAMBETH CIRCUIT MEYtrIODfST CHURCH NOTEST07HE FW4cfALSTATEMEPIT5 FOR THEYEAR ENI)E031.AUGUST2025 UTrtE5tiictttRestrthd Totsl Jnrèecknstrned Total Funds ZO2S Funds Funds 2024 J QTHER SbffK1ryÉxpenses 837 837 1.058 4.740 1.932 L932 4,740 Staff Trllg tT Wobsrtè Exrw5 216 216 2$1 89.4Z8 251 89.428 488A75 0 4875 ?x 5. PAIOA YEAAADJiJ5TMENT 2025 2024 WDte oflolAsie55rnent debior5 Reco¥ttyolprfoi-year&c4 27.184 fj Th• Prknyuv•Jfvsimem lTrth@cwrtri froma fvom PA•ihodhiChwth ol Gr•at nhtffwih'5Stlynd5 W tOiYIt M1ThrI thtClrc4t hH>W45 jflhe e¥knu5Yt•r. MI Tht PTh)ryeir•dwstthtnl hi i1)uS ytwartyA fv0mipwnO1t0f1¢1$s$srnent dEbior5prlorio 1. 5ewember 2023 but Sllllout5tandifasJi 31, AU51 2024. The Cwcuit wetir4 on 27,)unE 2014 dece1 io write oll¥¥thtaSSe5edetsI0rlT¢t• Xl Aiutrt 2031. exeofoi Ih? •ssessmentOtbthn•iiwfvurn the20244Sf•5Wrntsllk e20
L4M6erH CIRoJif MEtMODISt CHiIRCH PJOTESTO THE FINANclSTATEmEN1s FOR ThEYEAA ENDED 31 AUGiJST 20251 convnued I FIXEDASSETS &ITANGIBL£ FIXEDASSETS FreEhold L•nd & 8ulldin8s COST OR vALuAoN A5 al I Seprernber 2024 and 31. Av8uSt 2025 DEPRECIAnON As at I septemb 2024 and 41. Au8uSt 2025 5.550.OCL) 5.550.LXKI NET BOQK VAWE al 31 August 2025 5.550.iKM) A5 at 31 Augusi 2024 5.550.C NodeprÈClatn ha5 been provided for iheyearlo respects of th• freehold buildifty a5 rhe Irusiees are of the opinmin thai thp malnttrarKe p¥o8ramrnes ro hkh these propertles ¥e bl•¢t•d tè th¢ ¢stJmated ¢odualvalycsorc not le#a th•n tht Jt•ted v•lut>. 6a FIXED ASSETS INVESTMEPITS COSTORVALUAnoN TOTAi nd& As at l September 2024 AddStkins DlsPQSè L478.2S8 S,420.) 4A9A.258 .239 B•laKe as * 31. Awsi 2025 NET OOOK VALVE A$31 31 Au8U5t 2025 As at 31 Au8U512024 6.3 DEfAIiEDANALYSIS OF INVÉSTMEPItS rte Lthre5(reU Toiai 8alan(e Broutht Fww•rdOII(Y)12024 Sth6 IA71.?n? 1 d78.?58 Additions dudn8the year 241 5599¢ 56235 Dlsp)sats durfngtheye Balance Carried Forward 3110812025 The TrusrEes haye cla551fied the TMCPtry5t5 as Fixed as investment as theyton5ider the5etW5ts to be held for Ion8term purposes I taiher than short term l. These trys¢5 ml Ilquld. btslthty are hpkl for their in¥esiment wertlial. Thè tlV5t5 are not held spetifi(ally fDr resale oi exyeLied Iv bE fEali5ed *iEhin 12 manih5 from theyear-end 131108120251 dale. page 21
BETh tsR(iJtrMETIIODlSf(HURCH WOTESTOTHE FIIIANCIALSTATEMEfiTS FOR ThE YEAA ENDÉD31AUGUST 2025 I coniinved I 7. IPIVESTMENTS The follov4in8 funds are held byTMCPon l>ehalF of the Cirtuit Sale of Property- Trust 15175 Dt 8oyroer Beques¢- Trust8976 De.bwroer 8equests. 8976A DFBoui¢ler 8equests- 8976B Bern•rd Seaile Beque5t- Tlusi 17694 Circuft Model Trusi - Trust 22136 2025 2021 25.335 4.322 3.519 13.501 1.762 7aJ.762 712.ZOI T M C P Inve5tmÈnis are held at the lowor ofcosi and net re•1b1¢ v•lue. il. INCOME FROM f4UTERi4L INVESTMENT HOLDINGS market ¥albe 1 )110612) 24.257 4.322 3.369 12.927 1.687 1.431,696 478,158 Income for the year lTrve51ment Property 3.420.(AI) 102.581 Investment ith TMCP TOTAi 9. DEBTOR5 258 1015 2024 Clr<ult A$5e5smeThts from churches Due Irom othor Meihodi5t Cwcull Sundry Dotytofs Prepèymen 37,675 41.567 5,315 24.461 58.274 6,465 24.412 Basic financial assets. iniludm8Otherdebiors ahd prepawnenls are Initlally reco8nlsed ai traTr5action Pr. unless rhe arr•h8ement ¢Of15tituies a finahcinl trans&tn. where the uie receipts dixounted at a market iale of iThterest. Suth è5set5 are subsequentty cariied at amon15Edwsi USin8lhe effKtiveinteftst meth¢rt less anyimpairmeni. Ith •ANKAIID c11 OAiAtr4¢U HSBC Curr¢ni Account CurrenipLwuni Central Flnance Board 98S 203,694 55.201 259.53U 171.359 163.792 335.151 Cèsh cash eQalEnt inclvdes casfv in hand. dpp051ts held banks. Other short-term liquid Invèstments Wilh (ariginal maturthEs of thre months Qt less, and bank Overdrafts. 8aftk oveffdrafts are shown Mthirj borro%in8s i£vrreTrt liabilit*5. pa8e22
L4M8ETh CIRCLIIT MEtTrlODISTCNURCH OTE5 TO THE FINANCML STATEMEPITS FOR THE YEAR ENDED 31 AUGUST 20251 continued I 1025 2014 11. CREDITORS: Amo111¥1 withln onoyè•r Rent Re¢d ifj Adva Accruals ndry and other Qeditors 6,636 6.636 8.748 32,899 21.648 35.728 283 ba5K fin•nCi liabilie5, inddNI trado and otheruedltow4 frtsmthiid parts and frDm related parties are Initièlty rttogni5ed at rransactron prte. unless ihe arranRement tonstitutes a linancin8tran5actkin. where ihe dÈbl insirumènt is measured at the present value of the lutu¥e payment5 disCted at a matht rate of intere51. Such insiruwent5 are qu¢ibtty tti¢d • •mortIjr w>l u)ki¥iti¥ effective Inrere5¢ metnoa, l¢ss any impalrmeni. 12.1 RESTRICTED FIJNDS 2025 2024 8Jl•nce 8rW Forwa01/09/2o24 7.531 7.285 Intomln8 260 nreC•rrted fothird 3VQ812025 12.1.2 DÉTAILED RESTRi¢fED FU14DS MinisterlJBenebol( TOTAL MiThisterf•l Benewlent Traini 2025 TralThinÉ Fwd Total 2024 B•1. Brothi FtsrwAr, 7.E31 4.114 3.151 7.28J REceip15 161 241 87 173 2f4) Payments Bal. Carried ForwarLI The MiTri5terialTrnininBlund is5et upto proetl11 and ¢IlPMnI lorlocèl preath*rs The knEbvleni Ftsnd tetate5to montyrai5ed for the rel1 of PO¥wtyand dfjstre$5 the py23
LAMBETH aROJff MEfHOOISf CHURCH
NOTESTOTHE FINANaAL5TATEMEFITS FOIIIHE YEAJI ENDED31ALtGUSt20251(ontinued I
12.2 UNRESTRicfED FUIIOS
2025
2025
2024
2024
Batsnce BrOshI FoThnrd
PrfLV-YearAdjuStmeffjt
10.751.375
11,32a.I05
-2Y7 184
10.783.915 11
11,025.921
Incomltyg Re50ur¢es
489,921
SL2.130
fteXrteS Expended
77
ULAIICÉ CARRIED FofiwAAD
Prwyeai adlustmenr Inthecutttrfiaro$e i recmfy Irom l+letkndist Chwth
Greèt Brttain nire monih's Stird5 ¢OèIlÈMinlsterln wJsslckkn the
we¥h)usy••i.
1 Tho prkirwi adjustm•ni inth• pr•bOW ye4raro Irom thewriie off of tlYed>x5ynI
debtNs 1. 5eptEfflbei 2023 s11ll¢MldwlS4I 31.Wuy2014. The (irtmet1rq
on 27.june 1024 dt
LAMBETh CIRCtJtt MEtH(IDISTCMUR(H NOTES TO THE FINANCLAL STATEMENT5 FOR THE YEAR EPIDED 31AUGUST 20251 tOntsued I 15.2 TRANSAcf1014S WITH RELATED PARnE5 Duringthe year. four Ministers whoare aJ50Trustee5recefved #ipend5 and expense 2025 2024 Stip¢nds Reimbursed Ewen5es 186,652 5.331 165.717 1256 Atthou8h the CIrcy ptysthe mln¢rterfal stiPEnd& the Mini#ets4re not employed byth¢ rcuit Ministers are employed by ConferefitÈ, but it isthe re5potssibilityof the Clrcuit topay ¢hem. There ¥¥ere no other related partles Iransatt5ff0r the year ended 31, Ausu512025. Connected or83nisarions Indude the Meihodi5t Conrnemiin. ChLtrche5 wiihTh the Circuit. other Methodlst tlisidtts In Great 8ritain. CF8. and TMCP. these eniities have their trusi¢@5 and aviOllOrnQUS admin151ra¢iofj suththat lh¢ Cl¢¢uit ha5 Tho $i1r1¢ant influenceoverany olthern, nor th•yo¥er ¢h¢ Circuit. Th¢yart lerelNe. not ¢on5idered related p•rtle%. 16. POST 8ALA14CE SIIEEY EVE14TS Theh8$ beèn no p951 bal)te 5hEet effnf whith materfaltyaffert th•51 flnand•l atements. 17. VOWIfftER CONTRiaLmoNS Everywini olthe Mfflhodlsi Chvrth l LertlChuichek C(ult¥ tistrfcts, Confwioty l in th• Unhed kiTr8d¢rn Is h¢èvlly tdsint on ¥olunitrts ¥tho¢ontributtthdr sWIIs. Ilme, money at)d their resources in the fUrthOnCe oftheworkolthe church. Prfncipalty. thi5 conirlbuik)n Is by 5erwn8on commlttees olthe Orc¥ltth4t de•1 wlth m15%1on. maTrse4 fininw pd. ern), The contrlbution of volunteers is not induded With1 the income of ihe Clrthk. We We erntefvl to ill fortheir helD and fommiimèni% 18. MIP415TERS' N5£ COSTS The Urcurt is rEquired to PfOVhle xcommodation fLYeach MlnTMerand hls/herfamlly. The char8e5 on the properties. These costs are noi Sho separatelya5 benefit--kind forthe Minister5 a5 HMRC does not seelto tax ihese riPts In the haTrd50f the Minittess. 5irDjlarly. th¢¢05 arert di5dosed a5 related parties, transKtb]n5 In these xcounts pale 25
LAMBETh ORCUff MtTIIODtST(IIUROI NOTESTOTHE FINANCLSTATEmENTSF0R ThEYEAR E140ED 31 AIJGUST20151 Continued I 19. APPQRTIOIIME14TOFSUPPOftTCOST5BmVEEN ACTIWnES. Ch#itaWe ExltL lotsi 2025 ChèriLible fynditwe Athl¢% to ratse fvnd5 Totsi 2024 GOVERNANCE l.Z38 2.562 1.967 2A33 J,119 42•1 L445 1.399 5.229 lanktlwys yi 317 457 774 TMCPCtsg OTHÉAI TethnE 1225 L175 693 In5urMce 320 P•sL Prfht•nd 514 1.124 L317 3,113 5unaryExpenseS jm 3.446 455 837 L205 4.14) I,S24 IrwdWebsMecoMs 151 Govemance ènd thhercosts are apportioned bet A<thil•ES I Chaiiiableand Expendiiure toialse fijnds l on the basis of each acti¥i¢v'5 incomp In lh• yo¥r sn r&l¥liOf+ to eath gther. Thi5policyexcludes any epli0•al and non-re¢tyryiTr8item 20