RESERVES POLICY Report on behalf of PRINCES AVENUE rchurch Council) To HULL CEPttRE AND VVES rcircuit Meeling} We SLibmit our annual rewrt in accordan￿ with the requirements of the Methodist Conference and the Charty Commisston guidance in CC19. (iii) ￿ have 4reed a Reserves Policy whKti is set out overteaf and is rewrded in the Irustees, minules and ourAnnual Rep)rt {[) The InJstees have established their miSs￿n aims taking inlo account all of the resourtss available in temis of people, property and money (iv) ￿ recognise the need to be accountable as charity truslees lor all the money whrch comes into our hands and will provide further infom)atM)n required the CircuitlDistrbalConnexion {ii) Mission initiativeslproie(#s have been costed or estimates made of projected luturE costs which take into account the needs of Ihe buihlings and the requirements of the Quinquennial Inspection ReForVs (v) Our Report attach&J ovedeaf . please delele as appropriate To be completed by Re￿Iving Body HULL (CENTRE AND VEST) "Circuit Meeting re￿[￿1 the RESERVES POLICY of PRINCES AVENUE "Church Council Policy accepted and acknowledgement sent to the trustees YES Policy noted and the following enquiries made of tn&ees Responses received and any further action tsken "ClrcuiUDlstrlct . Please ddete as 8 RESERVES POUCY of PRINCES AVENUE rchurch CounciQ General Funds held * y￿ 31108r2025 £161751 Restricted Funds £7087 Endowment Funds held Reserves policy for General Funds This Reserve Policy relates to the General Fund held in the Vtryin Moneyy CFB and TMCP accounts. Ideally we aim to hold sufficient funds to cover approximately 6 months expendituTr. The church needs about 1 month's average expenditure (£5500} as working Capital to cover nonnal running costs. The CFB and TMCP are unrestricted and the church assessment is paid from the CFB accounL The church holds a large reserve mainly in the TMCP account as the tower and spire are Grade11 listed and any work needed to be undertaken Gould be extremely ostl 5. Poli for Restricted Funds The restricted funds relate to an amount of £6667 held for the part funding of a Farsi pastor, plus £420 in the Benevolent fvnd, expended at the discretion of the Minister. Ternis relating to EndfY￿nent Funds held This Reserves Policy has Iken apwoved by PRINCES AVENUE rchurch CounciD Treasurer Trustee Full name Barri Thompson Full Name June Carr Signature Signature CHURCH RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Princes Avenue Methodist Church FOR THE YEAR ENDED 31 August 2025 Hull Contre and West Circuit CSr¢uit no. 29137 Registsred Charlty - Charity Reglstratlon number If not a registered charity His Majestys Revenue and Customs Gift Aid nurn￿r (The HMRC number is equivalent to a registered charity number in tenns of evidence of charitable status and may be used to gNe to donors or grant funders wishing to see eviden￿ of the organisation's charitable status. Methodist charities in England and Wates that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242) 1186854 Minister. Rev Helen Hickson Church Stewards: Mrs J Carr Mi&0 "3 Skiven Treasurer. Mr B Thompson ChUrCh￿r￿1pts-and-paYmen￿202S_N0rni81 1ofS ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Princes Avenue Methodist Church Tolals last ear SECTION A Funds Funds a1 RECEIPTS a2 Offerin s and Tax recovered Bank and CFB interest and Investment income 7.￿1 7.961 7,607 a3 5.398 28.310 19,630 61.299 5,398 28,310 29.881 71.550 6,392 24,898 1,517 40,414 Lettin a5 Other receipts TOTAL RECEIPTS 10,251 10.251 (a7) SECTION B b1 PAYMETrtrs b2 Circuit Assessment or Share 18,750 18.750 15,000 540 6,980 b3 Donations Repairs and Maintenance Utilities (Insuran￿. water cha es heatin hti b5 16,029 16.029 10.758 b7 other paymenls TOTAL PAYMENTS 17.579 61,IX13 3.731 3.731 21,310 64.734 19,135 52.413 b8 (b9} SECTION C RECEIPTSIPAYMENTS ¢1 6.520 6.816 11,999) Totsl funds brought forward from last year 14935 166,934 e3 Sub total c1+c2 296 6.520 161.7S1 1x935 Transfers and ad'ustments TOTAL FUNDS AT END OF YEAR {c3+c4) 6,520 161.751 (c8} 154.935 {c6) SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTER￿ ORGANISATIONS these amounts are not to be includ8d in total roeèiptsl d1 Balance brou ht fopKard from last d2 iJferin sIGifts- received for extemal o d3 OfferingslGyfts . passed to extemal organi%atior d4 BALANCE STILL TO BE PAID {d1+d2-d31 2of5 Ptinces Avenue Methodist Chw¢h FCH RCHA SEemOP4 E INTERNAL (￿1r e5 012 Church acthNii¥Voi•l* 2.tot¥l8 ¢¢Yumnl la7) 64n4 l¢TI 154935 {¢61 161.751 elo BYCTrU)unts of the ..... . Church for the year ended 31 August 2025 set out on pages ..). to l. As the Church's trustees, ycw are responsible for the preparation of the ac(x)unts in &COrdar￿ with the requirements of the Charities Act 2011 ('the Arf). I report in respect of my examination ofthe Church's ￿)Unts carried out under s￿tIOn 145 of the Act and, in earrying out my examination, I have fo[[￿d all the applicable Diredions grrfen by the Charity Commission under section 145(5)(b) of the ACL . delete or cirde as appropriate 4of5 Name of Church ..............PRINCES AVENUE MEfHODIST CHURCH No. 29137 Independent Examinerfs Statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination (other than that disclosed belo￿} which gi￿ me cause to believe that in, any material respect: the accounting records were not kept in accordan￿ with section 130 of the Act; or the accounts do not accord with the accounting records. I have no cOn￿mS and have come across no other matters in connectton with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I have not obtsined independent verification of all investrnents with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and fvnds at the Central Finan￿ Board of the Methodist Church which are individually in exc&ss of £10.000 {ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of independent examiner Relevant professional qualification of independent examiner Name of firm (where appropriate) Address . 15 FARFAX DRIVE HEDON Post Ccmje . HU12 8PF delete or circle as appropriate Church.receIpts-arHJ.paymen￿2O2S_N0M￿l 5of5 CHURCH RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Princes Avenue Methodist Church FOR THE YEAR ENDED 31 August 2025 Hull Contre and West Circuit CSr¢uit no. 29137 Registsred Charlty - Charity Reglstratlon number If not a registered charity His Majestys Revenue and Customs Gift Aid nurn￿r (The HMRC number is equivalent to a registered charity number in tenns of evidence of charitable status and may be used to gNe to donors or grant funders wishing to see eviden￿ of the organisation's charitable status. Methodist charities in England and Wates that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242) 1186854 Minister. Rev Helen Hickson Church Stewards: Mrs J Carr Mi&0 "3 Skiven Treasurer. Mr B Thompson ChUrCh￿r￿1pts-and-paYmen￿202S_N0rni81 1ofS ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Princes Avenue Methodist Church Tolals last ear SECTION A Funds Funds a1 RECEIPTS a2 Offerin s and Tax recovered Bank and CFB interest and Investment income 7.￿1 7.961 7,607 a3 5.398 28.310 19,630 61.299 5,398 28,310 29.881 71.550 6,392 24,898 1,517 40,414 Lettin a5 Other receipts TOTAL RECEIPTS 10,251 10.251 (a7) SECTION B b1 PAYMETrtrs b2 Circuit Assessment or Share 18,750 18.750 15,000 540 6,980 b3 Donations Repairs and Maintenance Utilities (Insuran￿. water cha es heatin hti b5 16,029 16.029 10.758 b7 other paymenls TOTAL PAYMENTS 17.579 61,IX13 3.731 3.731 21,310 64.734 19,135 52.413 b8 (b9} SECTION C RECEIPTSIPAYMENTS ¢1 6.520 6.816 11,999) Totsl funds brought forward from last year 14935 166,934 e3 Sub total c1+c2 296 6.520 161.7S1 1x935 Transfers and ad'ustments TOTAL FUNDS AT END OF YEAR {c3+c4) 6,520 161.751 (c8} 154.935 {c6) SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTER￿ ORGANISATIONS these amounts are not to be includ8d in total roeèiptsl d1 Balance brou ht fopKard from last d2 iJferin sIGifts- received for extemal o d3 OfferingslGyfts . passed to extemal organi%atior d4 BALANCE STILL TO BE PAID {d1+d2-d31 2of5 Ptinces Avenue Methodist Chw¢h FCH RCHA SEemOP4 E INTERNAL (￿1r e5 012 Church acthNii¥Voi•l* 2.tot¥l8 ¢¢Yumnl la7) 64n4 l¢TI 154935 {¢61 161.751 elo BYCTrU)unts of the ..... . Church for the year ended 31 August 2025 set out on pages ..). to l. As the Church's trustees, ycw are responsible for the preparation of the ac(x)unts in &COrdar￿ with the requirements of the Charities Act 2011 ('the Arf). I report in respect of my examination ofthe Church's ￿)Unts carried out under s￿tIOn 145 of the Act and, in earrying out my examination, I have fo[[￿d all the applicable Diredions grrfen by the Charity Commission under section 145(5)(b) of the ACL . delete or cirde as appropriate 4of5 Name of Church ..............PRINCES AVENUE MEfHODIST CHURCH No. 29137 Independent Examinerfs Statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination (other than that disclosed belo￿} which gi￿ me cause to believe that in, any material respect: the accounting records were not kept in accordan￿ with section 130 of the Act; or the accounts do not accord with the accounting records. I have no cOn￿mS and have come across no other matters in connectton with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I have not obtsined independent verification of all investrnents with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and fvnds at the Central Finan￿ Board of the Methodist Church which are individually in exc&ss of £10.000 {ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of independent examiner Relevant professional qualification of independent examiner Name of firm (where appropriate) Address . 15 FARFAX DRIVE HEDON Post Ccmje . HU12 8PF delete or circle as appropriate Church.receIpts-arHJ.paymen￿2O2S_N0M￿l 5of5