LAMBETh CIRCUIT M￿N0D1ST CHURCH FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31, AUGusf 2025 L4MBETH ORcUThMETIK)DI￿cHuRCN FINAMOALSTATEMENf5FOR THE YEAII ENDED 31. AUGu¥f2025 TAOiE OF COPITEPlf5 tharirYlnformatH)Th Iru5tee5 Kttw)rt 2108 Rewt 9 to 11 Sia*•m•htofFlTrwKthIOth￿1ls 12 Notes FIr4r*￿I$l•￿menlS l41026 LAMBETh CIRcun MEfHODIST CHURCH FINANCNL STATEMÉNT5 FOR ThIEYEAR ENDELI al.AUGUST 2025 CHARITY INFORMATION tharfty Wstr4tlon rwrnber. 1175488 Prlnclpal address Clapham Methodist Churth Nelson's Row London. SW4 71R Bankers. HSBC 8ank PLC 8, Canada Square London. E4 5HQ CENTRAL FINANCE BOARD 9. BoThhlll StreeL LoThdon. EC2A 4PE CAF BANK LIMITED 25. Kings Hill Avenue. Wesr Mallin Kent ME19 4JQ A￿lIt{>r5 Adomako Basoah & Co. Chartered Certified Accountsnts Registered Auditor5 45. Tivdale C105e Sanderstead South Croydon rrry. CR2QRT pas￿ I LU•BtTH ORCLIIT MEIIIODISTCHUK¢lb TRi6IEESREPORT ANDACCOUNYSFOR THE IE4RENDfD31, A￿UST10?5 ThtTruStees prEsentt￿It￿F￿rttO8ethe￿￿lIh￿A￿tted finwcwstatements ltsrtheyear ended 31. A￿U$r 2025 •AYSOFACCOUNTS PftEP*PAllON Thp I￿an¢￿1 statements hè¥e bèen pre￿red lTrac(orda￿e wth"AtCDuntinA and REPDrtlnE by Chari1￿.. statement ol RecoMrn¢￿d pr*ts￿ 7P￿1[a￿le io thathles prepaTiry theirac(ounts In accordènc* with the Fina￿￿1 RepDrting stantt¥dap￿￿bl* IhE UKand Repubk ol Irela￿dI Ffts 101 lIS￿)IN1 È￿lI¥jil>.di¥j IhE Reportrysiandard appfvutdt in thÈ Uniled knr%doffl and RepuWKof IrekThJ l FRS 1021 •ThJ th*c￿ls11e5 Act 2011 arx1 UK GÈhÈralyAc(epied PTac¢Ke a5 it a[￿￿1raM i Jahw zo Tht finarK4il*aitmen15hM been 108N*a-tft￿ and h t¢qUlTEdtpprovKJea'irueaDd lair¥￿￿". Thisdèpartwe h•$4woW folk*M 'A¢a￿ntin8 Reportlnl ￿￿c￿nI￿.. staternent0fflec¢￿V￿nded Pr¥¢kt •pplk4Wewtharbt￿S pieparfr8the1rxto￿1sinatC0rd￿rKe￿th the FiThandal NtportiryStIWid in tFe UKJndlewtrthofl￿￿fvJ l F15 10211 Set4nd Editlon I" ièlbtrt￿D ihe ind Ch•thits. ol lecornrneTh4ed PracrKe effecttye from I,Awl 210S*thKh ￿$SInceb￿fi ￿l￿d￿￿Tr". Thp thaKbo1stat4￿Thts W*wThytp•red1varcord￿￿ewfththeX(oynfkn8 pol￿￿% sei Qutin Noie2 10 Ir*e•ttoL¥K& wdthaccorthrK•Vthht￿ltr*ty fjOVER141NG OOCVME14T AND OWECIM ￿*￿ver￿1￿6d0{V￿e￿l loriheclicuii isthe DeedolUnkn11932lwd Mrfwtstchurth (1119761. Th• Purpw olth• Mètwrtt CPrtrth•rnindsh*ll btdeeffledto h￿b￿n￿n￿eth&olft olthE Unh1n,t￿ afvancemtni ofr. lal IheChri51Hn faith In *lth t￿d0￿￿￿1￿￿11I%•￿l QF the POeihDdi£l ¢huffrh-, Ibl Jny chor￿•b￿ wrp05esloi the tirnethof artycomexthal. dls¢rtL I)rtu xal orothèi Oliani￿r￿)￿OITht Methudi5r Uwrch. Icl anychaiitabk purp)se torthetifhÈ btiry•l•nYsrfiÈtyotin5ti1ulioTryknid orancillarytoTht methtrJ￿I Church.. Idl PUPPOi*l loriha method￿tchurch In Slriyin8io aihvèveitsotsiErthY5. ¢1*1￿$￿e54￿?￿refrj con5tsaihintotsCh¥hy ComML4sbJn's8w￿aI8UWjartèOn pJt*tyefftfii WecDnfitrn th31 ther￿u￿ th711ty1541ofh￿d tyFR5 102. LAMBETH CIRCiIIY METh0￿￿ CHURQI T￿￿ESREPoRT ANDACCOUPll5Fof¢ThE YEAR ENDEO 3LAUGVSTZ025 I CothLwd) TrumES ThE Tru5*E5 oftheCk(utt a￿Se*lled from Off￿ hJldersofthEMethodWU)u The CiftsJit 15 m•NIedondty￿d1V kniinreThJentrnin15W.the Cwii rni￿sterS￿￿ It￿ Ciitwit Steward> The Cilcurt Meeiir4Mtmbtts*thoareakntn15tee5are D151rlrtthali Jwathan f*aTr &Ap•rtrt•ndeTht Mlr4si•t L*AMr*w lywslto 3[A￿v51 20251 Or Pl￿7 Ilvnrn 1. 5•pi4mb•rlQ351 Rewjxnsthl M•rk•y S*p•rnurn•ryry r•Jlthr4lh(&tu R•vOGordon A%h*rrt fjr•h*hThom•s Alke kliuld.tyTr•r4 Oah*l Sxkey ChristineAMDr VrtiorSaOthJfi AW'I Ta￿¢ n Korfey Pai*rK* ￿U￿a K4>p •JnoJh4ho Opv*afe La¥rt Aw5tsntTrnJwrer Arabe1￿ TRilSfEESlE￿T ANDACCOUtirsFOA ThEYEAR ENOED 3LAUfjUST2025 ItEFWNCE•J4DADMIIIWIThEDET￿Ls SanthT•vlur P•tAshw4rth Iina Ka¥Air IKobAr*aJh H41 Chr151he*thMr 61ht¥.AbbJ C•rrnM Rose s B•klen J•neiOppory (rt￿¥ Tjvlur Ev• Ky Koh Kyei NIN tlormDn Comfort B•baw* T•mittspeT Solomo¥tQu Dorothy BkrKDe Anton￿ ￿M•h Shah)rtBryah a Fadu page 4 LAMBETh QA£UtfMEfHof115fciiLlaOI TRUStEES R£PORT ANDACCOUN75 FOR TME YEMA ENDED al.A￿tEr202$ REFEREIKEAPIDAOMINISTftATWE DEfAIIS ceAduku Naihan*l Bewy Loma KoL4AJao Harriei f￿￿Or 8u•ku LMSM'5 &VVJx￿ll Ml Ur5ulaCtyenden e AC￿)￿￿MIra ¥KtV4•re5 raAth W1￿￿AN0AUD 1tsOC Bank PIC CentralHnanc• BoxdoltPe Methodry¢churth C4F BDn* Umthed & C4) Ch•rteredCentt*dAccwni•n¢s Re8lst•i*dAL¥Irto S•nd¢r>t••d So￿h¢r￿￿)n JThe¥.CR2 ORT Thecifcuit is manaya * a rnadeupolihe M5￿$￿￿. ihearcubt St*wa￿s*r lotal ¢hurch repieseThtaiwe& TheClrtuiienSu￿thll in¢othir¥51ew4rd54rewdl eq￿pPed rvaryryforihern tDaiteDd traknlr%andseminartor8anised tythe Disin￿ •ndthe t¥cuit loi that wrpose Th• Load•ryhlptwffl ffl••ts rè ￿￿￿n￿￿p￿Yfftyjn4 olh¢r*ii•tt¢Tr pprtJniD8 10 the hfeoftheCff(uStaThJ th rNke reo)mtswthtW5 lOtFeCwiTIWKTrn 5taternenitsiobeowr*tOGDd.opEntO Lrfeamlw tVv￿￿￿￿d'. olthe cIrc￿lI1S to the 5UPPWt to the kntal ￿rC￿sWIthin IheQrtuit.Carefulcon%deratiOnof the CharitycomrnwK)n'56e￿rn1 luhyan￿Ofi pumirbeneft sbeen bomt in mind in rev￿¥￿￿the￿U￿￿rsS0tt￿￿rÉuff•￿d in p￿￿1￿* rt5 The ttU5tetS (011swJEt I1￿1 IhE rurFCllt aaMt5esasdti•iW ￿ I￿re￿rt&•￿Er￿￿￿￿nèrrt. Cir(urt ￿lesp)nSi￿Ae Iu Ihp Vow¢vidE mini51erwloYetsyhf and pastoralrA¢e lor￿ 9hxal¢hyrth5 lTrt￿ C¥tu T0￿pport Ihe m￿￿$ter￿1 ieamof Spresbvteol mirysier Tviiidiiilolii J iiWilSV&dnU iyrnan¥e JKwesimèntpropert*L To supyi bcal thu1￿$￿ F4¢e fvr*tir5Np IIGOALSFOA ThE YEAR The rnain8oa15 lor ytarwere.. To wi0iii*¥ Iqrfvru￿ W*•nll¥*•ttoTrofhhids4tr*ty￿l9lfhe(¥c￿Ir toiiSQ itSr¢5Ow•PProppillt•4J •ie piil>>bJiiutsfrtifrfe5Twwi¥wthre the use oi tr* exte55 seTres ThtTFustees ha￿¢￿*m1￿el thekvlvimlw￿s01th•tyIIVelII￿￿S•n￿¢O￿sid￿reOwkn*t ii&ks •115E In￿(ho1 th¢se •r*•s. Inth¢ownk)iTrufilY Tru5tee5. re5¢urctsarwJ system5 h•¥e betn tytsWtshedwNth. r41rM￿¢QnO￿knI5. SI￿￿￿*110* rhe rf515 wjènrffled rhEm tobe rnk*•ted toaDKUwab￿WITrI￿14yaay tol•yopeNtkn The IrUstee5selett suitab￿ accountsr% P￿￿￿e$a￿lI1t￿￿èPptythErn tornistently >obseThe themtthodsandpr￿p￿s i￿￿e￿an1￿$S￿Ap > JudÉements•nd¢Mitn•fe5thalare rea￿>￿ats￿ ￿￿￿¥111 >5tatewhetherappI￿ibIBx￿u01l￿ Standardshèvt beenfolk)wed. 5ubkrttoarry mèterial dEparturesdi5C￿5ed￿dt￿￿ltsèd lntheffina￿al51aleMents > prepaie thefinantial siatements Dn the£wE￿￿ern bas￿￿n*55 1115 Ir￿r0￿￿tetow¢1ume￿t￿echaty￿l1 ¢ontinUE to operJte. ThetruStetsarE rewn5ible for keepin8 suffftlèni d￿r￿￿tI￿ Tecordsthatdisdose with reasonablt attwary al any tirneihe Finincièl rM)Sitth tsf lheCircurtandena￿e them to thar the accounts compfy with rhp charl￿SA¢101 2011. awropfi41e Charity Ikcounts and Rewrtsl RÈwKili0rfj4ndt￿pr0Vis￿fts ￿th￿tI￿1deed.fvWè*S loi pttrtrt1￿h•Thd delethinoffr*d￿￿Oth￿ 1rrryuLirrt￿. h1•5 Iru51ee5areaware." > thctrustets ￿Ve￿￿en•#￿tt￿ ih•i ihty wht to lom4k* t￿111$¢￿¥￿>1W1r￿vI rtyrele¥Jnt inlomiityjn •nd i0e5t•￿￿b thlt the aLK1itot ￿l￿•real rhat lThforrnitkn. APPROVAL TNS R•portw•s•ppl•￿d tr(tht cirC￿rtY1￿￿Ye4j thè ty. 202Q•TrJ *ntdo CIicuSt m￿￿T¥s*(TIl1ry p4E8 INDEPENDEIIT AVDrroR'SBEPORTTOT*IE MEMBERSOF TIIE I￿1&ETh ORcv￿MErHOljl5TUIvRL1l REPORTON ThERNANOAiSTAIEMEF47S UNQUALIHED CW410FI We hove oudited thp ThÈ LaMb*thCknJh MÈiiw)dtst(hurthl thethatityl ltstheye3r Ehded 31, Awst 2025, *th*htDmwiSttsfthÈ Ststtmentof Fil￿￿￿31 AciMtie5. B4lanceSheef. thE 5torementof f1fv3Jnd note5 foih? linanctal 5u*ments Indudi 5urnrnaryo15wanifKani Kcounting yJli(ies T￿￿ r¥wiir& Ir4iTiWWUtk Ilidl hdsbEEn4WvJ*i I￿1[ VlVvdr4l￿7 ￿￿p￿blE Law d United ￿￿EdOM kwuniir%St4nd4rds. thdLwlir* FinarKrél RepJrtin8stènd•rd 102. heFlnancbal Reportlng sta￿ard èpplKable in the UnitedXiWMa￿j the Rtyuildc•I Iiekaad. l Unrted KirydomGenpratykcepiedP the it)ImI￿n theiruAEys'rym 41r￿￿￿t•￿ilnanVM1ler￿l re5Wwrth the Ilnancvdl Sl•lement5-. or >gJlkknTrtKcounihU rttoids ￿¥¢￿￿1 teen*ept. or > ihp finalK￿l stst•wnisare nor Inweemehr w￿htheIr(O￿lITty or > w* lTrfftnot rocoh*d alIt￿ knlorrn•tKM•fvJ ty*fv•tK￿5 werewrn fty¢¥rMttl1t. WPOWSI•iUTItSOFThÉ TRUSTE As*xplain￿ more tulfy in iho Truslee5'Re5poTh￿bm￿1sI•1*￿￿t set¢xronvqt?. the Irusgeesaie rttponslbh Iorlhe prewrati0nofE￿ hn•ncwlsuternenis•fvJtsr beh tlsw ih•t rheyiwa tiuQ and fairvitw.￿d fors￿h￿¢t￿¥1wThVDl1$thttIUSte*s +JettrrninE Is ncctssaryto ¢n4b￿ iht wepor41￿01 Ihe finJn(lal lilw￿l￿1￿1•w[11e Iree rniitriil mi551aremenr io I[aL￿ orerror. In thE statemen¢% theiru5teesare re5pNlb* 1ty155e￿ryi￿chlr1ty ity toc4ntinutasa 8Oir*concem. d￿￿￿￿1$1Ppl￿1tle. mat1er5re￿1ed tog01￿8 guHl•t* Ihp thJrityoriocea%*oper•tk)n& orhM no ivNsikalterr4ih*buttodo 50. AUDtYOR'S RE5PONSIBiimEsFOR THEAiIPITOFTHE FINANQALSTATÉMEPU& W• hav•b•th •FPQint•aJL AudilorwdevS¢¢tif*Nl441145altht 2011. Sn aicordante ￿th t￿Art￿r￿ re￿¥0m re￿￿K)nS Ma￿or￿•¥IreeI1e£I theffuth. Ouff Object￿es0re to reasonab￿ a55w4￿¢ •b)u1*hetF*rthtfi￿￿ClIISIaIernonts •$ a*hoftare floè from mlierial m155ta*ment. whvihtrduet0fra￿fj oreNor. andttstS5ueJn a￿l￿O¢S wrtthatintlude5 wropSnknr•. Re•sOr￿*￿e•S5Ur￿r￿eI$o hefi O1•5Sura￿e. brtis nol a g￿lant￿￿that￿n I￿r0￿d￿ctOd in att￿dan￿￿1th UK l ahAvs detecta mèteiial mi%%tstern¢Nwhefi it ts15ts. ￿￿tatEr￿t￿lS¢￿n ar55e knm fvaud orerr¢y pre conshlered n)oteiial rf. or in autwtE. thEV EoubJ re45onablybe expectedto inlluÈnte theeEonwnK dethSionsoluSEt5t•ken on ihebasisof theSe￿In(la1 5tatÈmen pylo >ASPartOfory￿ttm4cCD￿￿n[0￿Ith IWIUKI. weewrisewDfe5sknMI >At thetsrnmEn¢ernpn[ Wtht•ppropria*corr¢Ytync• •mJ bJEntify4rrerryArt Thsrewrt 01tr iNt ¥M Eh•ny1¢rwe•s￿*￿rtQrs￿e Wt r￿￿[*￿1¢ staleto theth th)mIK￿PItv•sYJffl• r•*Wn$￿￿￿1okn￿n•oth￿th1nth•Cwty EI*Wtyforèppokntme•t as•￿•￿0r01•C￿nWry￿*lWfJe￿￿)Tr io LAMBEtH CIRCLIIT METHOOISTCNURCH 5fATEMENTOF FIWINUALACnVITIES FOR THE YEAR EMDED 31 AUGU5fz025 P4ole UTrre5¢fKged He5tricted To￿1 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 AIIKtfvit*s artdtfftd Imm mntinwir4operatkins Thtre ate no lurtherreco8niW1kn55esMythswhtrihanthe Id•lk1l)Ih*￿ tori* firwndalyearn. Th• 14 i• JS lh• Iorrn an kntr6r•l p•rtolthpJ¢ slite￿nts. pa8• 12 iAMBETH CIRCU￿ MEfHODIST CHURCH BALANCÉ SHSET ASAT31 AUGvsf 1025 FIXEDASSETS yfjresi￿ted R•JtrKtsO TOT A L Ta￿thIE F￿ed •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 ti*bror5 ahd rath 109.018 59.051 259WQ IBJ 676 47 441 1475 444J69 j￿931 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* nr*itl•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 a￿Or￿a￿e *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 Rep￿bl￿OI1reIand l FA5 102 } and the CharitiesAct 2011 and UKGeneraltyAccepted as il applie5 from lJanu*y 2015. Thefinanclal Slatements hèvp been prepared to 8ive a'true and fajr. have departed fromthe Chaiilies l Accounis and Report51 ReKuJatlODs 2￿4 onlyto the extent requireil to prO¥￿t l.t1￿¥ 1411 v5¥w- ni15 depanure has Ir*voivea ftyio¥*in6"Aicountlngand AeptyiinÉ bychanties.. sia1effle￿I of Recommended pr￿l¢e appl¢cable w charities prepatln8 Ihelf aCtount5 In acctydanEp wrth th• FIrtAhri*l Awrtln8gt•nd?rd applitxW• in th¢ UK fjnd Republic of I￿laTrd IFRS 1021 I SecO￿d Edltioftl. ratherihan theJuounfin8and Reportin8 by Charlties.. Statemeni oFRe(ommendtd P¥artKe effertwe from l. April 2C¥)S. has ￿nce betn wtthdri*Yb". The financial stat•ffl•nts haw prepared In •¢cordvn The arcurft bt(ome5 eniitled to Ihe resources.. rt is more likely than Dor that the trustees Will receNe the re5ou￿e', and >ThE munetary valveon be￿e￿￿re￿Wrth suffiuent reliablNty. >C*(uftAssesgwnt irthne reco8nftKJn isb•seO OnthearC￿tfflet1i￿slppY0￿￿d asses5r￿DI0￿ eachIndmd￿ll Ihw(h inthecifcutt. > Rentl ifttoMetsreco8ni5ed oTrtheb*5i5of 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 5oFA*fien the General if*come recoKnitw)n criteria as stated akne are meL 2.4 VDluThteer Help Thevalue ol aoyvoluntary help retrNed tsnot indudEd nthe atcounts. 2.5seit￿Mertt of l*lSurance CLiim5 lJwran¢¢ cl•imsaTe on￿￿uded 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 W5￿red reliably. 2.7 Investment 8ain5 and losses Thls Indudes an¥reall￿or y￿r￿1￿¥￿nSfjr th*K•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¢en*ral hKome recoenrtion APPUCAnoN OF RÉSOURCES 2.9 UabiNty Rttogffi*JDn L￿bIlitIeS are rtew15ed Is nwjrt Ilkelythan Trot that1he￿I$l Wl or 4w151f￿lIVe obllyiknn committlTh8 tho 10 Pav O¢A resource5and fheamtyjnt Iho obllgaikn can be m•xur*d wilh rtason•ble certalThty. 2.IOGrants Gran15 and donat￿)n$*re loi %•then pald. 1.11 Costsdirectly related tothe dthèt*cult. XED A55EfS 2.12 Freehold land and build￿ Frtehdd l•Dd *i•id b￿51￿11￿> fvt •1 Vl¥lidl L* SubsE4ueTht￿￿•iltsn ba5LS. T•Mlble FIAed Assets These are the manse5 mana8ed b¥theOr¢¥it. The Cktuit manaKe5fl¥eMans15 Ilxed ASS41 lrtve#merts These are the Propert￿ M￿aged bythe Ciicutt wllh the ¥*wtts8enerate *Kome or lorthe invostment potontial. LAMBETH QRCUtr METHoD1￿CHuRCH NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31AVGUST 2025 In the year Und￿ revlew. there wereMsu(h Propert￿5. and one ck1Se&ttr￿lsblPchYfth The freehold land and bvlldln8s meMhined3bove ¥e shown in ¢heseaccounts at valuatlon 2.13 capnalisaMn U FiYedAs5ets¢osts ￿¢￿¢¢5501 £ J,rth inthE year arEcapftallsed. OtPer**e. gJch COXl5 arewritten olt kn theyearof •m￿￿41￿Ure 2.14 Depreciation Otrpieciable tan8lble Ireehdd bulldi*l8 Values are depreciated 41 a rate cakulated tovKite off thecost. less re5idvalvèlue. over their empetted u5elul 140 Dopte¢iotson bs p￿ded yn No Dtprtdation ￿ pro¥p4ed Inve5tmert properiies. Therf4r• 4tarpd * rn¥kot valu• RareoFdep¢tdatv)n ￿ iawblè fveehold buldln85.2.5%th15tr418ht lkne bas15. 2.15 Tan￿ble Ibxtures. and office equlpthent Al ihnEltr>Kb nrtur•5. ffttiny •hd •9YiPffl•nt us*d ￿yth¢￿￿ull 4r• wrttten olf Is and *heri Incurred OTHERACCOLIMn146 POUOES 2.16 Fund5 2.16.1 Unr•striae¢ lunds reprtt•ni lyrtds %vhlch are ¢Whd•bleat tho of lh• Circuit In ¢h¢ lurtherw¥ceolilA atyl¢ct>and*thlch h•vi nut been desWTed for other urp05es. 2.16.2 Re5trkled fund5 tan oTrlybt used for spetlfttd pury*75es. The purpw of Any rt5trKt•d fund is noted in th• ftnanclèl st•tements. k.li LonSoiilla￿fl The CiKult overSeesthevffj￿ of minister$ 4n¢J Iowiiliilue Iirvy￿dlkniI￿l ¥Al>l¥TILE Ivi LhE forestcable future. Thu5 the trusteeshave thereforecontlnved to adoptthe89Sn8 COtKewn basts in preparin8 ihe Orctrit's firtarfial stalemer*ts. The rnlin as5umptkJn ¢wemlngtfvefuiureof theOr¢uit is iharthe Jssessfflenr in¢ome ￿￿11 coniinue to be suff￿￿ent io meer thecosts of stipends. sakrie5 and manse maifiieoance. The annual budiet. as approved bythp Circuii meetift& indudes sums necessary forcoverin8 these costs. This is theTr Hlknrxted amOnE each thurch ith thw Qrcuit, honce ihe Income fjs dependetttuptKEthp thurch5' abutyto nieet the assessment. 1>4e 16 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 ￿Tr8d￿M Tawk)n on Its incomi￿& re50urt¢s fortheyear. 2.21 Accountin8 e#imates and ludÉem¢nts Jn ¢hE appiicaTion ol rhe Qrcuii s attLwnring porty￿e5. the tr￿stee5 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 Ot￿r 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 Per￿d. ur in ihE perbod olrhe r￿¥￿)n and ￿t￿￿perfod5 *the¥eth• r•viS￿n JHecis both cuirent and luiur* Per￿%. The maln •55UrnP¢lon wncernln8 the ltstui¢ olthe Cirruh 1¢ thJi the a*s•ssm•n* ificomo ond IrKome from the ient•l propert*s wll contihue to be Suif#JeTrtto meet the costs of stlpends. $aLirI￿ manses malrsi•naTrce. and district ass¢$sments. The ann￿4( 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$￿C finantl•l Instruments. Basic fin￿181 instrnmty)Is ire Inltl•* re¢wts•¢ aitrans￿l0￿v•1Ue and subsequèn1￿ measured at their settiemem value. ?.23 Ap￿rth￿mentt OfC*•¢s bEl¥¥￿•￿Il￿1￿> Govern3￿¢ andother Costs •rè *DPOrt¥Jhed bets¥ttn Atl*vtrfjp% I fhArh¥bl• •Thd ENp•ndltur• to raise funds l on the tsasi5 of each aai¥iiy'5 income in thÈyeai rel/tb)n to each Olher. Th15 poly exdudesany exfÈPtH)nal and ThDn4ecuirinÉ items. 2.24 Financlal InsfrumeThts The Cirtuit h*¢ fin￿ncl¥l aEs•ts arml li•bilhi•ÈolJ Ehatgu•IIfy w ￿sk fin•￿1 in5trurnents. Basic finandal instrumentsare In￿al￿reCo8ft1$￿ 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 CIrt￿I?5$e￿sfft￿nts 0 228.5fy) MO.[ 3.2 Centr•l Fin5n￿ ￿1￿)nte￿st ?,47l 2.471 S6.235 86.Cfj3 375 Q JQLW 212.623 241 260 4CcOtsrf￿t•r•$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.$19 1.938 4.1.2 8VPPQRT FOR EXPENixfuRE TOR￿SE FUND5 Gw•rnane•costs L￿11 Fees 1562 1.281 2.833 44$ 1.771 Z.833 1445 L281 •oOk.keeF*<￿tyes lrnurance nkCha¥y5 320 457 4S7 17 I.J 0￿R3 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 s￿Ing 43.S48 5upwt Iijr Tai5in8lunds Go¥emartÈ ot￿ry 43W 36,193 J&193 111877 159 16 10.843 9,535 16 52 page IE LAIIBETH ¢IRCUIT METHODIST CHURCH NOTESTOTHE FIMNaALsfATEMEI4TSFOA ThEYw£NI￿3l.AuGu$r2D2S Vnrestitttt Resiocted TO￿ th￿SIr￿te(leS$rthd Totsi Funds Fwd5 2025 FuTrJs 2024 41 EXPENIMfuRE OI•cHWABLEACTMT￿s ¢11 DIRECT SPENDIP DIstr￿1 AsseMm*nt s￿pEnds. 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 r*Jnaiw5 29.4SI 29.451 4.22 s￿Ry FORCFIARtrA￿EAcTIV[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.C*9 524 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￿ Gov*rTran 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 Jnrè￿￿ecknstrned Total Funds ZO2S Funds Funds 2024 J QTHER SbffK1ryÉxpenses 837 837 1.058 4.740 1.932 L932 4,740 Staff Tr￿ll￿g tT Wobsrtè Exr*w5 216 216 2$1 89.4Z8 251 89.428 488A75 0 4￿875 ?x 5. PAIOA YEAAADJiJ5TMENT 2025 2024 WDte oflolAsie55rnent debior5 Reco¥ttyolprfoi-year&c4 2*7.184 fj Th• Prknyuv•Jfvsimem lTrth@cwrtri froma fvom PA•ihodhiChwth ol Gr•at nhtffwih'5Stlynd5 W tOiYIt M1Th￿rI￿ thtClrc4*t *hH>W45 jf*lhe e¥knu5Yt•r. MI Tht PTh)ryeir•dwstthtnl hi i1￿￿￿*￿)uS ytwartyA fv0mip*wn￿O1t0f1￿¢1$s*$srnent dEbior5prlorio 1. 5ewember 2023 but Sllllout5tandif*asJi 31, A￿U51 2024. The Cwcuit *wetir4 on 27,)unE 2014 dec￿e1 io write oll¥¥thtaSSe5￿e￿detsI0r￿lT￿*¢*t•￿ Xl Ai*utrt 2031. exeofoi Ih? •ssessmentOtbthn•ii*wfvurn the20244Sf•5Wrntsllk e20 L4M6erH CIRoJif MEtMODISt CHiIRCH PJOTESTO THE FINANc￿lSTATEmEN1s FOR ThEYEAA ENDED 31 AUGiJST 20251 convnued I FIXEDASSETS &ITANGIBL£ FIXEDASSETS FreEhold L•nd & 8ulldin8s COST OR vALuA￿oN 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 NodeprÈClat￿n 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(r￿eU 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 ￿m￿l￿ 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 Clrl u)ki¥iti¥ effective Inrere5¢ metnoa, l¢ss any impalrmeni. 12.1 RESTRICTED FIJNDS 2025 2024 8Jl•nce 8rW Forwa￿01/09/2o24 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. Bro￿thi FtsrwAr, 7.E31 4.114 3.151 7.28J REceip15 161 241 87 173 2f4) Payments Bal. Carried ForwarLI The MiTri5terialTrnininBlund is5et upto pro￿et￿l￿1￿1 and ¢I￿l￿PM￿nI lorlocèl preath*rs The knEbvleni Ftsnd tetate5to montyrai5ed for the rel￿1 of PO¥wtyand dfjstre$5￿ the py23 LAMBETH aROJff MEfHOOISf CHURCH NOTESTOTHE FINANaAL5TATEMEFITS FOIIIHE YEAJI ENDED31ALtGUSt20251(ontinued I 12.2 UNRESTRicfED FUIIOS 2025 2025 2024 2024 Batsnce BrO￿shI FoThnrd PrfLV-YearAdjuStmeffjt 10.751.375 11,32a.I05 -2Y7 184 10.783.915 11 11,025.921 Incomltyg Re50ur¢es 489,921 SL2.130 fteX￿rteS Expended 77 ULAIICÉ CARRIED FofiwAAD Prwyeai adlustmenr Inthecutttrf￿iaro$e i recmfy Irom l+letkndist Chwth Greèt Brttain nire monih's Sti*rd5￿￿ ¢OèIlÈMinlsterln wJsslckkn the we¥h)usy••i. 1 Tho prkirwi adjustm•ni inth• pr•b*OW ye4raro* Irom thewriie off of tlYed>x5y￿nI debtNs 1. 5eptEfflbei 2023 s11ll¢M￿l￿dwlS4I 31.Wuy2014. The (irt￿￿me*t1rq on 27.june 1024 dt Peii>bii Cviililiwiks And Employer5 Narional InsurarKe 47.428 41486 A¥era8e ￿UMber of employees Ilo emphiyee received ernoluments In ex(e55 of £W,CWgwannum. 15. RELATED PAIITY TRANSACTIONS 15.1 TRvsfEE5 REMLINERATIQNSAPID BEPIEFITS All the Mlr*i5ter5 in the CIr￿it are memb*r5 of the N4eetin8 Notrustee rEcei¥ed any*emunerathYI nor beneffts. 24 LAMBETh CIRCtJtt MEtH(IDISTCMUR(H NOTES TO THE FINANCLAL STATEMENT5 FOR THE YEAR EPIDED 31AUGUST 20251 tOnts￿ued 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 Iransatt￿5ff0r the year ended 31, Ausu512025. Connected or83nisarions Indude the Meihodi5t Conrnemiin. ChLtrche5 wiih*Th 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 $i￿1r1¢ant influenceoverany olthern, nor th•yo¥er ¢h¢ Circuit. Th¢yart l*erelNe. not ¢on5idered related p•rtle%. 16. POST 8ALA14CE SIIEEY EVE14TS The￿h8$ beèn no p951 bal*)te 5hEet effnf whith materfaltyaffert th•51 flnand•l atements. 17. VOWIfftER CONTRiaLmoNS Everywini olthe Mfflhodlsi Chvrth l Lert*lChuichek 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 fUrth￿OnCe 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 r￿iPts In the haTrd50f the Minittess. 5irDjlarly. th￿¢¢05￿ arer￿t di5dosed a5 related parties, transKtb]n5 In these xcounts pale 25 LAMBETh ORCUff MtTIIODtST(IIUROI NOTESTOTHE FINANC￿LSTATEmENTSF0R ThEYEAR E140ED 31 AIJGUST20151 Continued I 19. APPQRTIOIIME14TOFSUPPOftTCOST5BmVEEN ACTIWnES. Ch#itaWe Ex￿ltL 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 Te*thnE 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 b￿￿et￿ A