## **Camborne Wesley Methodist Church** Registered Charity 1127807 ## Methodist Church Number 120105 ## **Trustees’ Annual Report and Accounts** ## For the year ended **31[st] August 2023** **(v2 31/1/2024)** _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ **----- Start of picture text -----**
Trustees’ Annual Report Page 4
Statement of Financial Activity (SoFA) Page 13
Balance Sheet Page 15
Notes to the Accounts Page 17
Trustees Page 29
Declarations and Scrutiny Page 30/33
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_Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## Camborne Wesley Methodist Church ## Registered Charity 1127807 ## Methodist Church Number 120105 ## Trustees’ Annual Report and Accounts ## For the year ended 31 August 2023 **----- Start of picture text -----**
Minister Reverend Ray Borrett Wef 1/9/2021
Children’s Project Worker Amy James-Collins Left 30/11/2022
Children’s Project Worker Hannah Green Wef 16/8/2023
Church Stewards Derek Head
Judy Richards
Bill Herring
Keith Kneebone
Frances Franklin
Treve Harvey
Tracey Hunt
Sharon James Wef 1/9/2022
Rosemary Rowe Wef 1/9/2023
Treasurer Morwenna Williams
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_Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## Trustees’ Annual Report ## For the year ended 31[st] August 2023 ## Introduction Welcome to our report for 2022/2023. This has been a year of settling and finding direction. Opening the Wesley Centre as a Warm Space saw many familiar faces return to the Centre; equally as important we welcomed many new faces. Gradually the Centre users are taking responsibility for small but important tasks and this has to be good for their general wellbeing – and certainly helps spread our work-load. Thank you to all who have helped make our church community the happy friendly place that it is. ## Aims and organisation Camborne Wesley – _Working out faith in Christ_ Our Vision is to work towards the growth of the Kingdom of God in Camborne through a commitment to nurturing, worship, mission and service. _The only thing that counts is faith expressing itself in love_ ## Achievements of the year ## **Children’s Work** Hannah Green joined the team in August 2023. She is excited by her new role and is planning the Autumn and Winter Program of events. Hannah will be working with the younger teenagers as well as the children. New Line Managers for the role have been appointed and we see a fresh new beginning for our Children’s Work. Outreach – Throughout August Holiday Club activities were held; children and their families enjoyed external visits and activities as well as fun and games on church premises ## **Toddlers and Babies Clubs** The Toddler and Baby Groups have had a very successful year. Our numbers are up with an average of over 80 families a week attending our sessions. Some weeks’ numbers have been as high as 120. With help from the Church Treasurer we managed to secure a £1,000 grant from Tesco to help with the purchase of new sensory equipment, replacement fence panels, a new toy kitchen and dollhouse. The grant has enabled us to turn our quiet room into a sensory space for babies and toddlers with additional needs which has proved very popular with our families. This year has seen us form new relationships with outside organisations. Once a month the National Literacy Trust come in and read a story to the children, each family then receives a copy of the book to take home. Healthy Cornwall joins us monthly to provide weaning and healthy eating advice. They offer free cooking and swimming courses and also provide advice on topics such as how to stop smoking. Penlee Family Project has used our space to hold Baby Massage sessions which has resulted in many of their families joining us at Toddlers. Cornwall College visited us each month and advised families of the free courses available and assisted them with completing application forms and preparing a CV. _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **Junior Church and 7Up** Numbers of children attending Junior Church and 7 Up have grown and 7Up now runs weekly – at the request of the young people. It is encouraging that the young people invite friends to join them. The numbers do fluctuate from week to week as the children come under pressure to take part in other Sunday activities. ## **Meals on Wheels** During the 12-month reporting period, we delivered 10832 lunches, focusing on a radius of about 3 miles from our building in Camborne. This equated to an average of 42.98 meals per working day. This number fluctuates from day to day as we always seek to meet the requirements of our clients. The numbers are 3.38% down on the previous year but have been dictated by a lack of drivers. Finding sufficient delivery drivers has always been challenging; this problem does not seem to go away. We are encouraged by comments received from family members of our clients such as _: ‘I would like to offer my sincere thanks for the high quality meals you provided to my mother, enabling her to see out her final days in her own home.’_ ## **External lettings** Community use of our premises at £23677 was an increase of 44.46% over the previous year _(£16390 (2022))._ We would not anticipate that usage would increase much more as we are mindful of the needs of our own charity and its mission to bring ‘Christ to the Community of Camborne’. Reference is made within this report to the work of our own Toddlers Club, Children’s Section, Meals on Wheels and the Camborne Wesley Centre Catering Ltd. Links are forged with Cornwall Council and several care agencies as well as 3 local schools. Musical and fitness groups also meet weekly in the Wesley Centre. ## **CWCC Ltd** The trading company has shown steady progress through the year having produced 15729 meals during the year – an increase of 9.68% on the previous year. This equates to an average of 62.42 per working day. (The kitchen is not staffed at the weekends or on Bank Holidays). It has 3 main strands – to produce meals for the Meals on Wheels service run by the church, to run the in-house restaurant and to prepare food for ad hoc functions and buffets. It has again produced a small profit but has capacity to produce another 10/15 meals a day. Extra staffing would enable larger numbers – as is required for special functions. ## **Café Wesley and Community Space Project** The opening Hours have been increased and we now operate a Community Space from 10.00 am to 2.00 pm. The favourite interest is the jigsaw puzzles. Many friendships are formed and hospitality offered to those who have slept rough the previous night. As heating costs rose _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ during the winter months, many people – young and old – were glad to enjoy the warmth of our building. ## **IT** We continue to use Zoom when appropriate but now stream Sunday services via You Tube and Facebook. We have continued to upgrade our equipment enabling us to provide better quality transmissions. The chapel with its large seating capacity is being used quite frequently when external groups need space to conduct their meetings. Fully-functioning AV is important for these groups also. ## **Wesley Centre** Use of the Wesley Centre by external groups is buoyant. We aim to keep our prices competitive and any surplus monies from such lettings are modest when servicing the rooms is taken into account. ## **Organ Fund** An organ fund has been in existence for several years following legacies from for church members. During the year fund raising started and the organ builder has been instructed. Work should be completed at the end of October 2023 ## Review of the year ## **Income Trends** Church income is primarily drawn from the Sunday collections and GiftAid Tax Credit. Additional income is derived from the lettings of rooms within in our premises to various community groups. The church also benefits from income from tenanted properties on its site. _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ Income from our donors at £47192 was a drop of 4.58% on the previous year. _(£49460 (2022))_ Refurbishment of Flat 1 Wesley Court was completed, and a new tenant moved in during April. This refurbishment was challenging, and thanks go to the volunteers involved managing this project. We were able to meet our Church Assessment of £62964 in full. Our budgets indicate that we should be able to meet our assessment for the period 1/9/2023 to 31/8/2024 in full; it is an increase of 4% on the previous year. ## **Expenditure Trends** The major cost is in relation to the assessment paid to the Camborne Redruth Hayle Circuit. This amounted to 25.31% _(2022 26.04%) of_ our total cost. A significant amount of the Circuit assessment is used to pay the District Assessment, and stipends and related costs to Ministers. At £17814 ( _2022 £18856 )_ our property expenditure on the chapel and schoolroom continued our policy of keeping our buildings in very good order. Maintenance contracts have been refreshed and are in place where-ever appropriate. **Investment properties -** Flat 1 Wesley Court saw a change in tenant and advantage was taken to refresh the property throughout. A total of £15584 was spent on these properties (7 tenancies in total), this being the highest annual spend on the Investment Properties for several years; by end-September 2023 these costs had been completely covered. ## **Fund balances** As at 31 August 2023 the net current assets of the church were £191138 ( _2022 £196112)_ giving approximately 9 months’ cover for expenditure in an average year. _(2022 10 months)_ ## **Plans for 2023/2024** Church financial plans for the coming year have been prepared on the basis of:- | Wages|All employment costs have a budgeted increase of 6.0%| |---|---| | Expenses|Most lines have been increased by5% over 2022/2023 actuals| | Givings|We are budgeting for a 10 % pa increase wef February 2023 but
are mindful that we may need to dip into our Contingency Reserve
if costs cannot be contained| | Investment
Properties|The next rent increase will be due in August 2025| | External
lettings|Small increases have been applied to Hire of Space by external
groups| | Assessment|Our biggest expense, the Assessment, is set at £65485 for the year
2023/2024_(£62964 for 2022/2023))_; this is an increase of 4% on
thepreviousyear| _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ | Energy
supplies|We will face a 130% increase in gas prices in Spring 2024 as our
existingcontract runs off| |---|---| | Financial Plan|The Resources Committee of the church is recommending an in-
depth review ofgivingbymembers in early2024| ## Trustees’ Annual Report on Finance and Governance **Basis of preparation and legal framework** The Charity’s annual report and accounts for the year ended 31 August 2023 have been prepared in accordance with SORP (FRS 102) as updated, being the current version of Accounting and Reporting by Charities; Statement of Recommended Practice Full Name of Charity/Church Camborne Wesley Methodist Church Registration Charity Number 1127807 Date of Registration 2[nd] February 2009 Main Communication Address Church Office Chapel Street Camborne TR14 8EG The members of the Church Council of Camborne Wesley Methodist Church are the Charity Trustees, membership being made up of church office holders, Minister and representatives appointed by the church at the Annual General Meeting. Full membership is shown as Appendix A to this report. **Treasurer** Mrs Morwenna Williams _Morwenna Williams acted as the principal officer overseeing the day to day financial management and accounting for the church during the year._ **Independent Examiner** Edward T Pascoe Of Pryor Begent Fry and Co 13-15 Commercial Road Hayle TR27 4DE **Investment Bankers** Central Finance Board of the Methodist Church 9 Bonhill Street, London EC2A 4PE Trustees for Methodist Church Purposes Central Buildings Oldham Street, Manchester M1 1JQ Shawbrook Bank Limited to 20/10/2023 _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ Lutea House, Warley House Business Park, The Drive, Great Warley Brentwood. CM13 3BE ## **Solicitor** To be selected from the Panel Solicitors approved by Trustees for Methodist Church Purposes **Letting Agents** Celtic Property Lettings 12 Cross Street, Camborne TR14 8EX ## **Aims and organisation** ## Our **Mission Statement** Camborne Wesley – _**A Church Committed to Christ and Community**_ Our **Current Vision** is to work towards the growth of the Kingdom of God in Camborne through a commitment to worship, mission and service. ## _**The only thing that counts is faith expressing itself in love**_ Our goals: - - To have a variety of styles of worship to meet the needs of the whole community - To cater for a variety of patterns of spirituality - To develop our own leaders - To develop the Wesley Centre’s service to the community - To improve our pastoral care system - To develop an evangelism strategy - To continue our community outreach - To have a sound financial strategy - To have a world vision - To set the moral agenda The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of: - a) The Christian faith in accordance with the doctrinal standards and discipline of the Methodist Church - b) Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church - c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church - d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church The main activities of our church are: - - Worshipping God through prayer, song and other acts of worship _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ - The organisation and resourcing of regular acts of worship open to members of the church and non-members alike - The teaching of Christianity through sermons, courses and small groups focusing on prayer and/or fellowship and/or Bible Study - The resourcing of pastoral work including visiting the sick and bereaved - Promotion of Christianity through the staging of events and services - Provision of chaplaincy services to local schools, care homes and other institutions as appropriate and when able ## **Public Benefit** We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit ## **Structure, Governance and Management** The governing document for the church is the Deed of Union (1932) and Methodist Church Act (1976) Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD) cpd-vol-1-0822.pdf (methodist.org.uk) Day to day management of the church is undertaken by the Church Leaders team along with the Minister. Four sub committees of the Church Council, namely Resources, Community Links, Pastoral and Ministries, meet regularly and report back to each of the Church Council Meetings. People representing the various areas of our church work are appointed at the AGM of the church (General Church Meeting) to be Trustees and to sit on the Church Council. The last elections were in July 2023. Some officers of the church are elected by the Church Council itself and these people then become Trustees. The most recent such elections were held in July 2023 also. Senior lay staff attend Church Council meetings in an advisory non-voting capacity. ## **Trustee Training** A range of guidance produced by the Methodist Connexion to support the effective running of the church and the role of Trustees, is given to the Church Trustees at various meetings and/or training sessions. We are now able to share in on-line training set up by Methodist Church House. ## **Related Parties** The Church is part of the Camborne, Redruth & Hayle Circuit, which is part of the Cornwall District, and is also accountable to the Methodist Conference. None of the trustees made a gift of land or substantial other asset to the Church during the year _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ The internal organisation linked to this church is our trading arm - Camborne Wesley Centre Catering Ltd - Registered Office: Camborne Wesley Methodist Church, Chapel St, Camborne TR14 8EG Registered in England No: 05358898 Camborne Wesley Methodist Church is listed in the People with Significant Control Register of Camborne Wesley Centre Catering Ltd as a ‘Relevant Legal entity’(RLE) ## **Going Concern** The Trustees have been mindful in recent years of the COVID -19 guidance produced by the Charities SORP committee; it is now time to examine the immediate and long-term future. Our largest item of expenditure is the Assessment levied on us by the Camborne Redruth Hayle Methodist Circuit. Under our Constitution the Methodist Church has the first call on our funds; if this assessment is maintained at current levels, we have sufficient Unrestricted and also Designated (Unrestricted) Reserves which can be used to support our work over the 12 months to August 2024. A prepayment for Assessment covering September to November 2024 may be shown in those accounts. The trustees are undertaking an in-depth appraisal of all our income and expenditure figures shown to find a financial model which will work for future years. The value of our investments (£107371) has shown a decrease of 7.98% on the previous year (£116683 2021/2022) ## **Consolidation** Camborne Wesley Methodist Church and Camborne Wesley Centre Catering Ltd have prepared separate sets of accounts as the joint turnover does not exceed £1 million after consolidation adjustments (Charities SORP (FRS102) Appendix 3 A.11 refers) ## **Risk Management** The trustees are mindful that it is not immune from risk. - Guidance is sought from the Government publications and the Methodist Church - Our trading company is marginally viable but seems to face a relentless list of price increases. These increases will have to be passed on to customers during the coming year. - The contract for gas supply has been renegotiated wef 1/5/2024 and will run for 3 years to 30/4/2027; the current electricity contract runs until 31/12/2024 - We have appointed an agent to help us find grants for Children’s Work, and also Repairs to our Windows in the part of the building known as the schoolroom. The agent has worked successfully for us in the past but currently we are concerned that grants for the Children’s Work in particular will not be forthcoming. This is probably our biggest risk at the present time. - Our future will be dependent on future generations being willing to take on leadership and governance roles. There are positive signs that this is happening. _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **Safeguarding** Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s recreation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. Methodist Connexional practice outlines commitment to the following principles: - The care and nurture of, and respectful pastoral ministry with all children, young people and adults - The safeguarding and protection of all children, young people and adults when they are vulnerable - The establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse. - We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records, disclosures and registration with the relevant vetting and barring schemes. - We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation. - We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care. - We will seek to challenge any abuse of power, especially by anyone in a position of trust. - We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult. - In all these principles we will follow legislation, guidance and recognised good practice. Camborne Wesley Methodist Church commits itself to ensuring the implementation of Connexional Safeguarding Policy, Government legislation, guidance and safe practice in the church. It also commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable. ## **Reserves Policy** The Reserves Policy for the Church is to hold a minimum sum equivalent to three months’ average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on the church building and/or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full expenses including the assessment payable to the Circuit. Whilst this is the policy, at the present time we do not have sufficient reserves to meet the requirements of this policy. Both our Circuit (Camborne Redruth Hayle) and our Methodist Connexion state that we should carry 6 months’ reserves. At the present time we are unable to meet this requirement. _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ |Camborne WesleyMethodist Church|Camborne WesleyMethodist Church||||Church No|120105| |---|---|---|---|---|---|---| |||||||| |**Statement of Financial Activities (SOFA) for the year ended 31 August 2023**||||||| ||**Notes to**
**the**
**accounts**|

**General Fund**
**(Unrestricted)**|**Designated**
**Funds**
**(unrestricted)**|**Restricted**
**Funds**|**Endowment**
**Funds**|
**Total 2022-**
**23**| |||£|£|£|£|£| |**Income**||||||| |1 Offerings||47,191||10,279||**57,471**| |2 Donations and legacies|4|2,472||1,799||**4,271**| |3 Gift aid||11,620||||**11,620**| |4 Interest and investment income|7|6,705||||**6,705**| |5 Income from investmentproperties|5|39,974||||**39,974**| |5a Income from extenal lettings||33,722||||**33,722**| |6 Internal organisations||||||**0**| |7 Other charitable income|8|8,335|73,911|12,385||**94,631**| |8**Total income**||**150,019**|**73,911**|**24,462**|**0**|**248,392**| |**Expenditure**||||||| |9 Circuit assessment or share||62,964||||**62,964**| |10 Grants and donations||3,547||12||**3,559**| |11 Propertymaintenance|20|41,660|15,611|1,121||**58,392**| |12 Insurance,utilities etc||16,111||||**16,111**| |13 Depreciation|12|2,086||889||**2,975**| |14 Office expenses||1,661||||**1,661**| |15 Other expenditure|21|23,195|68,832|11,130||**103,157**| |16 Internal organisations||||||**0**| |17**Total charitable expenditure**||**151,224**|**84,443**|**13,153**|**0**|**248,820**| |18 Gains/(losses)on monetaryinvestme|n
13|(1,833)|||(7,479)|**(9,312)**| |19 Gains/(losses)on investmentproperties||||||**0**| |20**Net income/(expenditure)**||**(3,038)**|**(10,532)**|**11,309**|**(7,479)**|**(9,740)**| |21 Transfers between funds||(11,012)|11,162|(150)||**(0)**| |22 Othergains/(losses)||||||**-**| |23**Net movement in funds**||**(14,050)**|**630**|**11,159**|**(7,479)**|**(9,740)**| |24 Total funds brought forward||2,057,316|56,733|103,813|90,438|**2,308,300**| |**25 Total funds carried forward**||**2,043,266**|**57,363**|**114,972**|**82,959**|**2,298,560**| _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ **----- Start of picture text -----**
Camborne Wesley Methodist Church Church No 120105
Statement of Financial Activities (SOFA) for the year ended 31 August 2022
Notes to Designated
the General Fund Funds Restricted Endowment Total 2021-
accounts (Unrestricted) (unrestricted) Funds Funds 22
£ £ £ £ £
Income
1 Offerings 49,462 4,807 54,269
2 Donations and legacies 4 997 885 1,882
3 Gift aid and GASDS 12,561 12,561
4 Interest and investment income 7 5,057 5,057
5 Income from investment properties 5 38,947 38,947
5a Income from external lettings 22,813 22,813
6 Internal organisations 0
7 Other charitable income 8 4,577 64,691 7,731 76,999
8 Total income 134,414 64,691 13,423 - 212,528
Expenditure
9 Circuit assessment or share 64,251 64,251
10 Grants and donations 3,710 500 1,770 5,980
11 Property maintenance 20 44,721 6,068 116 50,905
12 Insurance,utilities etc 15,653 68 15,721
13 Depreciation 12 2,429 836 3,265
14 Office expenses 1,330 67 1,397
15 Other expenditure 21 14,652 69,934 17,251 101,837
16 Internal organisations 0
17 Total charitable expenditure 146,746 76,569 20,041 0 243,356
18 Gains/(losses) on monetary investmen 13 -1206 -2912 -4,118
19 Gains/(losses) on investment properties 0
20 Net income/(expenditure) -13538 -11,878 -6,618 -2,912 -34,946
21 Transfers between funds -2151 1,427 724 0
22 Other gains/(losses) 0
23 Net movement in funds -15,689 -10,451 -5,894 -2,912 -34,946
24 Total funds brought forward 2,073,005 67,184 109,707 93,350 2,343,246
25 Total funds carried forward 2,057,316 56,733 103,813 90,438 2,308,300
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_Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ |**Camborne Wesley Methodist Church**|**Camborne Wesley Methodist Church**|||||||**Church No**| |---|---|---|---|---|---|---|---|---| |||||||||**120105**| |||**Balance Sheet as at 31 August 2023**||||||| |||||||||| ||**Notes to the**|**General Fund**
**(Unrestricted)**|**Designated**
**Funds**
**(Unrestricted)**|**Restricted**
**Funds**|**Endowment**
**Funds**|**Totals 2023**||**Totals 2022**
**(Amended)**| ||**Accounts**|£|£|£|£|£||£| |||||||||| |**Fixed Assets**||||||||| |Church buildingand otherproperty|12|1,008,514||||1,008,514||1,005,800| |Investmentproperties|12|1,015,950||||1,015,950||1,015,950| |Investments|13||||82,959|82,959||90,438| |**_Total fixed assets_**||**2,024,464**|**0**|**0**|**82,959**|**2,107,423**||**2,112,188**| |||||||||| |**Current Assets**||||||||| |Debtors andprepayments|14|47,857||||47,857||40,847| |Loans bythe Churches||||||0||0| |Investments with TMCP|13|10,412|14,000|||24,412||26,245| |Central Finance Board Deposits|14a|0|10,197|28,628||38,825||61,585| |Shawbrook (100 day notice)|14a|0||86,344||86,344||86,344| |Cash at Bank and in hand|14a|(23,830.50)|33,166|||9,336||7,698| |**_Total current assets_**||**34,439**|**57,363**|**114,972**|**0**|**206,774**||**222,719**| |**Current liabilities**||||||||| |Creditors (due in under 1 year)|15|15,636||||15,636||26,607| |Grantspayable within 2022-23||||||0||| |**_Total current liabilities_**||**15,636**|**0**|**0**|**0**|**15,636**||**26,607**| |**_Net current assets/liabilities_**||**18,803**|**57,363**|**114,972**|**0**|**191,138**||**196,112**| |||||||||| |**_Total assets less current liabilities_**||**2,043,267**|**57,363**|**114,972**|**82,959**|**2,298,560**||**2,308,300**| |||||||||| |||||||||| |**Long term liabilities**
**(due after more than one year)**||||||||| |Grantspayable after 2022-23||||||**0**||| |Loans to the Church||||||**0**||0| |||||||**0**||0| |**_Net assets_**||**2,043,267**|**57,363**|**114,972**|**82,959**|**2,298,560**||**2,308,300**| |||||||||| |||||||||| |**Funds of the Church**||||||||| |General Fund(Unrestricted)||2,043,267||||2,043,267||2,057,316| |Designated Funds(Unrestricted)|||57,363|||57,363||56,733| |**_Total Unrestricted Funds_**||||||**2,100,630**||**2,114,049**| |Restricted Funds||||**114,972**||114,972||**103,813**| |Endowment Funds|||||**82,959**|82,959||**90,438**| |**_Total Funds_**||**2,043,267**|**57,363**|**114,972**|**82,959**|**2,298,560**||**2,308,300**| |||||||||| |||||Signed||MA Williams||| |||||Church Treasurer||MA Williams||01/02/2024| _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ **----- Start of picture text -----**
Camborne Wesley Methodist Church Church No
120105
Balance Sheet as at 31 August 2022
General Fund Designated Restricted Endowment Totals 2022 Totals 2021
(Unrestricted) Funds Funds Funds
Notes to the (Unrestricted)
Accounts £ £ £ £ £ £
Fixed Assets
Church building and other property 12 1,021,750 1,021,750 1,017,799
Investment properties 12 1,000,000 1,000,000 1,000,000
Investments 13 90,438 90,438 93,350
Total fixed assets 2,021,750 0 0 90,438 2,112,188 2,111,149
Current Assets
Debtors and prepayments 14 40,847 40,847 41,791
Loans by the Churches 0 0
Investments with TMCP 13 26,245 26,245 27,451
Central Finance Board Deposits 14a 44,116 17,469 61,585 78,369
Shawbrook (100 day notice) 14a 86,344 86,344 85,837
Cash at Bank and in hand 14a -4,919 12,617 7,698 11,147
Total current assets 62,173 56,733 103,813 0 222,719 244,595
Current liabilities
Creditors (due in under 1 year) 15 26,607 26,607 12,498
Grants payable within 2021-22 0 0
Total current liabilities 26,607 0 0 0 26,607 12,498
Net current assets/liabilities 35,566 56,733 103,813 0 196,112 232,097
Total assets less current liabilities 2,057,316 56,733 103,813 90,438 2,308,300 2,343,246
Long term liabilities
(due after more than one year)
Grants payable after 2021-22 0 0
Loans to the Church 0 0
0 0
Net assets 2,057,316 56,733 103,813 90,438 2,308,300 2,343,246
Funds of the Church
General Fund (Unrestricted) 2,057,316 2,057,316 2,073,005
Designated Funds (Unrestricted) 56,733 56,733 67,184
Total Unrestricted Funds 2,114,049 2,140,189
Restricted Funds 103,813 103,813 109,707
Endowment Funds 90,438 90,438 93,350
Total Funds 2,057,316 56,733 103,813 90,438 2,308,300 2,343,246
Signed MAWilliams
Church Treasurer M A Williams 02/10/2022
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_Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ |**For information only, money received and passed on to External Organisations**|**For information only, money received and passed on to External Organisations**|**For information only, money received and passed on to External Organisations**|**For information only, money received and passed on to External Organisations**|**For information only, money received and passed on to External Organisations**|||| |---|---|---|---|---|---|---|---| |||||Total|||_2022_| |Offerings/gifts-received for external organisations||||1455|||_1619_| |Offerings/gifts-passed to external organisations||||1050|||_1751_| ||||||||| ||||||||| ||b/f||Paid over|||Rec'd|o/s| ||||£|||£|| |Action for Children|0.00||365|||365|0| |All we Can|0.00||685|||684|-1| |Transformation CPR-Foodbank|0.00|||||60|60| |Operation Mobilisation|0.00|||||345|345| ||||||||| |**Total**|||**1050**|||**1455**|| ## **Notes to the Accounts** ## 1 **Basis of Accounting** The Charity’s annual report and accounts for the year ended 31 August 2023 have been prepared in accordance with _Accounting and Reporting by Charities: Statement of Recommended Practice (SORP)_ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (2019) – (Charities SORP (FRS 102) (2019) ## **2 Funds** The funds held constitute: Unrestricted Funds held for any purpose of the Church but which will be for General Purposes or Designated Purposes. Restricted funds which are held for a narrower purpose. There are also Endowment Funds as listed at Note 13. Details of each material fund are disclosed in Note 13. Any fund may be represented by more than just cash. ## **3 Accounting Policies** ## **Basis** These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year. The accruals basis has been used and the trustees present accounts that show a true and fair view of the Church’s financial position and activities. ## **Income** Income is included in the Statement of Financial Activity (SOFA) when the church becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources, and the monetary value can be measured with sufficient reliability ## **Expenditure** This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ of economic benefit is considered more likely than not under the legal or constructive obligation committing the Church to pay out the resources. ## **Grants** Grants made by the Church from its own funds are recognised in full at the time of agreement or when the Church accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms. ## **VAT** Since the church is not VAT registered, all input VAT is charged with the expenses to which it refers. ## **Tangible fixed assets for use by the Church** These are capitalized if they can be used for more than one year, and individually cost at least £500. The freehold property is shown as follows: - - Building (known as chapel and schoolroom) in Chapel Street, Camborne - valuation by Goldring Yates in November 2009 - Other Buildings (Wesley Court, 14 Chapel Street and 13 Victoria Street) - shown at insured valuation (February 2015) ## **Investment Properties** Investment properties – no property is currently deemed not to be held for the long-term purposes of the charity. ## **Investments** Investments are valued in the balance sheet at the market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year-end are shown in the SOFA. ## **Debtors and prepayments** Debtors include Lettings and Meals on Wheels invoices outstanding as at 31[st] August 2023. Following the preparation of accounts for the year to 31/8/2023, the sum of £4484.80 was received Camborne Wesley Centre Catering Ltd in respect of the company’s trading to the year ended 31/8/2023. This sum was GiftAided from the company to the church. ## **Creditors** Creditors include outstanding items relating to utilities, telephones, etc as at 31[st] August 2023. _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **4 Donations and legacies** ||General Fund
(Unrestricted)|Designated
Funds
(unrestricted)|Designated||Restricted|Restricted|Endowment
Funds|Endowment
Funds||Total|_2022_| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||Funds||Funds|||| ||£|£||||£||£||£|| ||||||||||||| |Donations|1,472|||||1,799||||**3,271**|_1882_| |Legacies|1,000|||||||||**1,000**|_0_| ||||||||||||| ||**2,472**|**-**||||**1,799**||**-**||**4,271**|**1,882**| ## **5 Income from Investment Properties** The Trustees have determined that the property listed below is unlikely to be used as worship space or meeting rooms in the foreseeable future and have therefore classified the same as Investment Properties. Letting Income is shown gross of fees and commissions. **----- Start of picture text -----**
Designated
No.of General Fund Funds Restricted Endowment
Units (Unrestricted) (unrestricted) Funds Funds Total 2022
£ £ £ £ £
Letting Income
13 Victoria Street 1 6,480 6,480 6,480
14 Chapel Street 2 12,318 12,318 12,252
Wesley Court 4 21,175 21,175 20,215
39,974 - - - 39,974 38,947
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- **6 Other Trading Activities** All trading activity is carried out through Camborne Wesley Centre Catering Ltd (Registered in England 0535898), Registered Office Camborne Wesley Methodist Church, Chapel Street, Camborne TR14 8EG ## **7 Interest and Investment Income** **----- Start of picture text -----**
Designated Endowment
Unrestricted (unrestricted) Restricted Funds Total 2022
£ £ £
Bank accounts 0 0 0
Central Finance Board 1583 1583 233
Shawbrook Bank Ltd 351 351 569
Other 4771 4771 4255
Total 6705 6705 5057
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_Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **8 Other Charitable Income** |**Unrestricted**|||Total|Total||2022|2022| |---|---|---|---|---|---|---|---| |||£||£||£|£| |General||624||||3257|| |General-Grants recd-JRS||0||||176|| |General-Grants recd||7713||||1144|4577| |**Unrestricted **|**Total**|||**8338**|||**4577**| ||||||||| |**Designated**|||||||| |Meals on Wheels||73908||||64211|| |Investment Property Reserve||3||||480|| |**Designated **|**Total**|||**73911**|||**64691**| ||||||||| |**Restricted**|||||||| |Children's Work|Grant|7654||||5000|| |Contra||-650||||-844|| |Network||0||||155|| |Refurbishment Phase 5||311||||36|| |Toddlers subscriptions||5069||||3384|| |**Restricted **|**Total**|||**12385**|||**7731**| ||||||||| |**GRAND **|**TOTAL**|||**94633**|||**76999**| ## **9 Payment to Trustees** |**Payment to Trustees**||||| |---|---|---|---|---| ||||Totals|2022| |||||| |Payments made to trustees for additional services provided to the Church by
agreement with the Church Council Meeting|£||0|50| |Number of trustees who were paid expenses|||0|1| |||||| |**Total amount paid**|**£**||0|**0**| |||||| |Numberoftrusteeswhowere paidMileagefor Meals on WheelsDeliveries|||3|4| |**Total amount paid**|**_£_**||**760**|**886**| |||||| |**GRAND TOTAL**|**£**||**760**|**936**| ## **10 Fees for examination of accounts** ||||Total||2022| |---|---|---|---|---|---| |Independent examiner's fees for reportingon the accounts|£||540||556| The independent examiner provided no additional services during the year. _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **11 Paid employees** ||Full
Time||Part
Time|Unrestricted|Designated|Restricted|Endowment
Funds|Total|2022| |---|---|---|---|---|---|---|---|---|---| ||0||10||||||| |**Property Maintenance- Site Management**|||||||||| |Wages||17733||17733||||17733|17923| |Ers NIC||580||580||||580|768| |Pension Costs||361||361||||361|483| |**Children's Project Worker**|||||||||| |Wages||3693||||3693||3693|12449| |Ers NIC||158||||158||158|829| |Pension Costs||91||||91||91|466| |**Toddlers' Assistant**|||||||||| |Wages||3841||||3841||3841|3228| |**Church Administrator**|||||||||| |Payroll Costs||2596||2596||||2596|0| |**Musical Director**|||||||||| |Wages||2904||2904||||2904|2513| |**Meals on Wheels Administrator**|||||||||| |Wages||6668|||6668|||6668|5867| |Ers NIC||135|||135|||135|202| |Pension Costs||213|||213|||213|235| |**Manager of Volunteers**|||||||||| |Wages||3334||3334||||3334|3086| |Ers NIC||68||68||||68|122| |Pension Costs||106||106||||106|92| |**Safeguarding Officer**|||||||||| |Wages||3334||3334||||3334|3086| |Ers NIC||68||68||||68|122| |Pension Costs||106||106||||106|92| |**Totals**||**45989 **||**31190**|**7016**|**7783**|**0 **|**45989 **|**51563**| ## _**Notes**_ - Employees that are not ‘full-time’ are classed as ‘part-time’. - No employees received employee benefits of more than £60,000. - The holiday year ends on 31[st] December and accruals have been made in respect of untaken holiday as at 31[st] August. - All employees are paid at or above the Real Living Wage. **Pensions -** Camborne Wesley Methodist Church uses NEST (National Employment Savings Trust) for Auto-enrolment of employees. _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **12 Tangible Fixed Assets and depreciation** ||Church (non investment) land
and buildings|Other non investment land
and buildings|Investment properties (land
and buildings)|Other fixed assets including
motor vehicles|Fixtures, fittings and
equipment|Payments on account and
assets under construction|Total|_2022_| |---|---|---|---|---|---|---|---|---| ||£|£|£|£|£|£|£|_£_| |**Balance brought forward**|1000000|0|1015950|0|99820|0|2115770|_2108555_| |Additions|0|0|0|0|5689|0|5689|_7215_| |Revaluations(+/-)|0|0|0|0|0|0|0|_0_| |Disposals(-)|0|0|0|0|0|0|0|_0_| |Transfers(+/-)|0|0|0|0|0|0|0|_0_| |Balance carried forward|1000000|0|1015950|0|105509|0|2121459|_2115770_| |||||||||| |**Accumulated Depreciation**||||||||| |_Basis_|||||_SL_|||| |_Rate_||||_over 3years_||||| |Balance brought forward|0|0|0|0|94020|0|94020|_90756_| |Depreciation charge foryear(+/-)|0|0|0|0|2975|0|2975|_3265_| |Revaluations(+/-)|0|0|0|0|0|0|0|_0_| |Disposals(-)|0|0|0|0|0|0|0|_0_| |Transfers(+/-)|0|0|0|0|0|0|0|_0_| |Balance carried forward|0|0|0|0|96994|0|96994|_94020_| |||||||||| |**Net Book Value**||||||||| |Brought forward|1000000|0|1015950|0|5800|0|2021750|_2017799_| |Carried forward|1000000|0|1015950|0|8514|0|2024464|_2021750_| _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **13 Investments** The investments that support the various funds are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long-term investments. TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust Property including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day-to-day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference. |**Funds held by Trustees for Methodist Church Purposes**|**Funds held by Trustees for Methodist Church Purposes**|**Funds held by Trustees for Methodist Church Purposes**|||| |---|---|---|---|---|---| |||||Totals|_2022_| |**Permanent Endowments**|||||| ||3388|M & G Equities Inv Fd Charifunds||47104|52894| ||6123|CFB Managed Mixed||30786|32152| ||2602|CFB Managed Fixed Interest||4371|4712| |||Trustees Interest Fund||2|2| |||Trust Income||695|678| |||||82959|90438| ||||||| |**Model Trust Bequests**|||||| ||1035|M & G Equities Inv Fd Charifunds||14393|16162| ||482|CFB UK Equity Fund Units||9744|9813| |||Trustees Interest Fund||63|63| |||Trust Income||212|208| |||subtotal||24412|26245| ||||||| |||**TOTAL**||**107370**|**116683**| ||||||| |**Analysis of investment movements**|||||| |**Change in investment values**|||||| |||||Totals|_Totals_| |||||£|_£_| |Carrying (market) value at beginning of year||||116683|120801| |Add: additions to investments at cost|||||| |Less: disposals at carrying value|||||| |Net gain/(loss) on revaluation||||-9312|-4118| |**Carrying market) value at end of year**||||**107370**|**116683**| ## **14 Analysis of current assets** |**of current assets**|||| |---|---|---|---| |||This year|2022| |||£|£| |Pre paid assessments||16371|15741| |Other prepayments and acrcued income||7616|6176| |Accrued income||0|0| |Stock||1572|1965| |CWCC Ltd||(1,315.26)|3602| |Other debtors||23613|13363| |**Total debtors andprepayments**||**47857**|**40847**| _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **14a Analysis of cash at bank** ## **15 Analysis of current liabilities** |**Analysis of current liabilities**||| |---|---|---| ||This year|2022| |||£| |Trade creditors|6957|5163| |Other Creditors|8680|21444| |**Total Current Liabilities**|**Total Current Liabilities**
**15637**|**26607**| ## **16 Capital commitments and contingent liabilities** At the 31[st ] August 2023, the Church had no capital commitments. No contingent liabilities were identified at 31[st] August 2023 ## **17 Loans and creditors due after one year** There were no loans or creditors due after one year, as at 31[st] August 2023 _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **18 Detailed analysis of individual fund types and movements** ||Opening
Balance
1/9/2022|Income|Expenditure|Transfers|Revaluation
gains/lossses|Closing
Balance
31/8/2023|Reason for
Transfer| |---|---|---|---|---|---|---|---| |**Unrestricted (General)**|||||||| |Church Buildings Reserve|2017301|0|0|0|0|2017301|| |General Revenue Reserve|2146|149019|-150610|3988|0|4541|Internal use of space; interest &
giftaid allocations; property
repairs| |Investment Reserve - Unrestricted|26245|0|0|-15000|-1833|9412|to part fund Church
Administrator| |Legacies-Unrestricted|11625|1000|-614|0|0|12012|| |**Totals**|**2057317 **|**150019 **|**-151224 **|**-11012**|**-1833**|**2043266**|| |**Unrestricted (Designated)**|||||||| |Children's Work Designated|19257|0||-5|0|19252|correction of mispost| |Church Administrator Reserve - De|
0|0|0|14000|0|14000|allocation of monies for Church
Administrator projector| |Contingency Reserve|23208|0|0|-11000|0|12208|Redefined need| |Investment Property Reserve - D|6634|3|-15587|8400|0|-549|to meet present and future
property expenditure| |Meals on Wheels - Designated|-1125|73908|-68782|-2263|0|1738|transfers re office facilities,
photocopying charge| |Missioners'Reserve-D|1500|0|0|0|0|1500|| |Refurbishment - Designated|6207|0|0|2400|0|8607|to meet future refurbishment
costs| |Ukranian Refugee Supprt Fund des|i
1051|0|-74|-370|0|607|reallocation of costs| |**Totals**|**56733**|**73911**|**-84443 **|**11162**|**0**|**57363**|| |**Restricted**|||||||| |Children's and Youth Work|737|0|-115|7|0|629|interest allocation| |Children's Project Worker-Restrict|
0|360|-149|-211|0|0|misposts| |Children's Work Grants Restricted|5009|6654|0|78|0|11741|interest allocation| |Children's Work Restricted|14797|7067|-8746|-414|0|12705|mis-post, interest allocation| ||||||||| |Contra|22|252|0|153|0|426|interest & giftaid allocation| |Defibrillator|91|0|-286|195|0|0|deficit cleared from general a/c| |Junior Church|4827|0|-34|35|0|4828|interest allocation| |Legacies-Restricted|1327|0|0|14|0|1341|interest allocation| |Meals on Wheels-Restricted|5100|86|0|60|0|5245|interest allocation| |Minister's Fund|991|0|-32|224||1183|interest allocation/ allocation
from general a/c| |Network|218|0|0|-218|0|0|transfer re room use| |Organ|1506|2986|-720|27|0|3800|interest allocation| |Peabody Trust|44306|0|0|460|0|44766|interest allocation| |Refurbishment Phase 5 - Restricted|
18358|597|0|275|0|19230|interest allocation/giftaid
refund| |Spring Harvest|198|0|0|2|0|200|interest allocation| |Toddlers|2828|6069|-1697|-1644|0|5556|recharge re caretaking; interest
allocation; internal use of space| |Ukranian Refugee Supprt Fund Res|t
274|392|-1247|582|0|0|transfer from designated a/c;
interest allocation| |Wesley Centre Futures|1836|0|0|19|0|1855|interest allocation| |Wesley Choir|1118|0|-127|203|0|1194|photocopying, interest
allocation| |Wesley Players|271|0|0|3|0|274|interest allocation| |**Totals**|**103813**|**24462**|**-13153**|**-150**|**0**|**114972**|| |**Endowment**|||||||| |Investment Reserve-Endowment|90438|0|0|0|-7479|82959|| |**Totals**|**90438**|**0**|**0**|**0**|**-7479**|**82959**|| ||**2308300 **|**248392 **|**-248820**|**0**|**-9312**|**2298559**|| _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **19 Related Party Transactions** |**This**|**year- 2023**||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||Name of related party||Relationship|Description of
transaction||Income from
related party||Payments to||L|oans to/(from)|Amonts owed
by/(to) related|| |||||||||
related party|||||| ||||||||
during the
year||
during the
year|
related party
during the year|||
party as on
31/8/2023| ||
JMA|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||223||
0||0| ||Mission in Britain Fund|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||594||0||0| |Al|l we Can (Methodist Relief
and Development Fund)|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||743||0||0| |Al|l we Can (Methodist Relief
and Development Fund)|Pa
M|rt of world-wide
ethodist Church||Retiring
Collections||0||||0||0| ||Leaders or Worship and
Preachers'Trust|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||223||0||0| ||Methodist Church Fund|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||223||0||0| |Me|thodist Homes for the Aged|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||223||0||0| ||World Mission Fund|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||594||0||0| |W|orld Mission Fund - Easter
Offering|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||149||0||0| ||Fund for Property|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||300||0||0| ||Camborne Redruth Hayle
Methodist Circuit|Pa
M|rt of world-wide
ethodist Church||Assessment||0||62964||0||0| ||Camborne Redruth Hayle
Methodist Circuit|Pa
M|rt of world-wide
ethodist Church||Invoices for
services
provided||3||202||0||465| ||||||||||||||| ||||||||||||||| |**Last**|**Year- 2022**||||||||||||| ||Name of related party||Relationship|Description of
transaction||Income from
related party|ncome from|Payments to||L|oans to/(from)|Amonts owed
by/(to) related|Amonts owed| |||||||||
related party|||||| ||||||||
during the
year||
during the
year|
related party
during the year|||
party as on
31/8/2022| ||
JMA|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||245|
0|||0| ||Mission in Britain Fund|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||652|0|||0| |Al|l we Can (Methodist Relief
and Development Fund)|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||815|0|||0| |Al|l we Can (Methodist Relief
and Development Fund)|Pa
M|rt of world-wide
ethodist Church||Retiring
Collections||0||1129|0|||0| ||Leaders or Worship and
Preachers'Trust|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||245|0|||0| ||Methodist Church Fund|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||244|0|||0| |Me|thodist Homes for the Aged|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||244|0|||0| ||World Mission Fund|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||652|0|||0| |W|orld Mission Fund - Easter
Offering|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||163|0|||0| ||Fund for Property|Pa
M|rt of world-wide
ethodist Church||Donation from
church funds||0||300|0|||0| ||Camborne Redruth Hayle
Methodist Circuit|Pa
M|rt of world-wide
ethodist Church||Assessment||0||64251|0|||0| ||Camborne Redruth Hayle
Methodist Circuit|Pa
M|rt of world-wide
ethodist Church||Invoices for
services
provided||7||562|0|||0| _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **20 Property Maintenance** **----- Start of picture text -----**
Unrestricted Total 2022
£ £
Site Management & Caretaking 18674 19174
Waste disposal and Cleaning Materials 2468 2315
Main Building 17814 7522
IT Equipment 1943 1718
Other Equipment and Resources 761 276
Provision for repairs 0 13397
Total 41660 44721
Restricted
Other Equipment and Resources 1121 116
Total 1121 116
Designated
Other Building Reserve (Investment Properties) 15584 6068
Waste Disposal and Cleaning 27
Total 15611 6068
GRAND TOTAL 58392 50905
**----- End of picture text -----**
_Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ ## **21 Other Expenditure** |**21 Other Expenditure**|**21 Other Expenditure**||||||| |---|---|---|---|---|---|---|---| |~~**UNRESTRICTED**~~|||2023|||2022|| |~~**General a/c**~~||~~£~~|~~£~~||~~£~~||~~£~~| |~~Payroll costs~~||~~12676~~|||||~~7105~~| |~~Bank Charges~~||~~418~~|||||~~406~~| |~~Purchase of refreshments~~||~~316~~|||||~~309~~| |~~Independent Examination of a/cs~~||~~540~~|||||~~540~~| |~~Agent's Fees (let Properties)~~||~~3955~~|||||~~3507~~| |~~Other~~||~~5255~~|||||~~2785~~| |~~**TOTAL Unrestricted**~~
**DESIGNATED**|||~~**23159**~~|||~~**14652**~~|| |~~**Meals on Wheels**~~|||||||| |~~Raw Materials~~||~~22622~~|||~~192~~|~~39~~|| |~~COS Preparation of MOW~~||~~31563~~|||~~303~~|~~83~~|| |~~Catering Sundries~~||~~2740~~|||~~25~~|~~54~~|| |Fixed Rate Mileage||4393|||49|68|| |~~Employment costs~~||~~7176~~|||~~50~~|~~57~~|| |~~H&S PPE~~||~~0~~|||~~10~~|~~40~~|| |~~Bank charges~~||~~30~~||||~~5~~|| |~~Other expenses~~||~~258~~|||~~2~~|~~08~~|| ||||~~**68782**~~||||~~**63454**~~| ||||||||| |**MOW/Volunteers/Safeguarding**|||||||| |Employment costs||~~**0**~~|||||~~**3159**~~| ||||||||| |**Ukranian Refugee Supprt Fund**|||||||| |Other expenses||~~50~~|||||| ||||~~**50**~~||||~~**0**~~| |~~**Children's Project Worker**~~|||||||| |~~Payroll~~|~~Toddlers'Assistant~~|~~0~~|||~~33~~|~~21~~|| ||||~~**0**~~||||~~**3321**~~| |~~**TOTAL Designated**~~
**RESTRICTED**|||~~**68832**~~||||| ||||||||| |~~**Children's Project Worker**~~|||||||| |~~Payroll~~|||||~~137~~|~~44~~|| |Training||||||40|| |~~Project Expenses~~|||||~~8~~|~~72~~|| |~~Other expenses~~|||||~~5~~|~~08~~|| ||||~~**0**~~||||~~**15164**~~| |~~**Children's Work**~~|||||||| |~~Payroll~~||~~6835~~|||||| |~~Other expenses~~||~~803~~|||||| ||||~~**7639**~~||||| ||||||||| |~~**Children's and Youth Work**~~|||||||| |~~Sundry resources~~|||~~**115**~~||||~~**0**~~| ||||||||| |~~**Junior Church**~~|||||||| |~~Other expenses~~|||||||~~**25**~~| |~~**Defibrillator**~~|||||||| |~~Sundry supplies~~|||~~**286**~~||||~~**0**~~| |~~**Contra**~~|||||||| |~~Disbursements~~|||~~**0**~~||||~~**15**~~| |~~**Toddlers**~~|||||||| |~~Consumables~~||~~738~~|||~~3~~|~~84~~|| |~~Other costs~~||~~63~~|||||| |~~Toys~~||~~895~~||||~~72~~|| ||||~~**1697**~~||||~~**456**~~| |~~**Wesley Choir**~~|||||||| |~~RSCM subscription~~|||~~**127**~~||||~~**110**~~| ||||||||| |~~**Ministers' Fund**~~|||~~**20**~~||||~~**105**~~| ||||||||| |~~**Ukranian Refugee Support Fund**~~|||||||| |~~Other expenses~~|||~~**1247**~~||||~~**449**~~| ||||||||| |~~**MOW**~~|||||||| |~~Advertising~~|||||~~9~~|~~27~~|| ||||~~**0**~~||||~~**927**~~| ||||||||| |~~**TOTAL Restricted**~~|||~~**11130**~~||||~~**17251**~~| ||||||||| |~~**GRAND TOTAL**~~|||~~**103121**~~||||~~**101837**~~| ||||||||| _Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105_ **----- Start of picture text -----**
Appendix A Camborne Wesley Methodist Church (Registered Charity
1127807)
Trustees 1/9/2022 to 31/8/2023 and 1/9/2023 to 16/1 0/2023
Atherfold D Church Member, elected by General Church Meeting
Beavis C Church Member, elected by General Church Meeting Wef 1/9/2021
Bond JM Church member, appointed by Church Council
Borrett R Church Minister Wef 1/9/2021
Collins EH Church Member, elected by General Church Meeting To 31/8/2023
Dunstan S Church Council Secretary
Franklin FE Church Steward, elected by General Church Meeting
Geake AJ Church Member, elected by General Church Meeting
Geake R Compliance Officer Wef 1/9/2021
Gilbert D Church Member, elected by General Church Meeting Wef 1/9/2023
Harvey CT Church Steward, elected by General Church Meeting
Harvey RN Church Member, elected by General Church Meeting Wef 1/9/2021
Head DL Church Steward, elected by General Church Meeting
Herring AM Junior Church Link Person, appointed by Church Council
Herring WH Church Steward, elected by General Church Meeting
Church Steward, elected by General Church Meeting,
James SP Wef 30/9/2021
Pastoral Secretary,
Chairman of Communities Link Committee, appointed
Kitley D
by Church Council, Complaints Officer
Kneebone K Church Steward, elected by General Church Meeting wef 4/4/2021
Osborn K Superintendent Minister
Phyall SJ Church Member, elected by General Church Meeting Wef 1/9/2022
Richards J Church Steward, elected by General Church Meeting
Rogers J Circuit Steward
Rowe A Church Member, elected by General Church Meeting Wef 1/9/2023
Rowe R Church Steward, elected by General Church Meeting Wef 1/9/2023
Schofield AC Chair of the Resources Committee
Thomas H Church Member, elected by General Church Meeting Wef 1/9/2021
Voisey N Church Member, elected by General Church Meeting Wef 1/9/2021
Voisey R Church Member, elected by General Church Meeting Wef 1/9/2021
Williams MA Treasurer, appointed by Church Council
Williams R Church Member, elected by General Church Meeting Wef 1/9/2021
Wilson PA Property Steward and Bookings Secretary To 24/12/2022
**----- End of picture text -----**
## **Church Safeguarding Co-ordinator** - Tracey Hunt (She can be contacted on 01209 610044 or 07856354589, or via her email: cambornewesley.safeguarding@gmail.com) **NOTE –** Hannah Green (Children’s Project Worker), Tracey Hunt (Meals on Wheels administrator and Safeguarding Officer), and Sandra Jose (Toddlers’ Leader) attend Church Council Meetings but are not Trustees as they are employees of the church. Camborne Wesley Methodist Church (Reqistered Choi7ty 1127807) Methodist Church Number 120105 Name of Church - Camt>ome Wesley Methodist Church No 120105 Declarations and Scrutiny I confirm that these accruals-based accounts for the year to 31 August 2023 have been prepared from the records of the Church and that they indude all fijnds under the control of the Church trustees. Signature of Date 1611012023 Name and address of Ire8surer - Mor*wn8 Ann Wlliams of Grovewood House, 1 Rosew8rne Clos8, Cambome TR14 0 Pre8entstlon to th• Church trust• I confimi that the annual report and accounts for the year ended 31 August 2023 were presented to the meeting of the Chur¢h trustees held on 16th Octob8r 2023 and chaired by Revd Keith Osbom Signed Revd Ray Borrett Independent Examiner's Report to the Trustees 0 tha Camborne Wesley Methodist Church (Registered Charity Number 1127087) Responsibilities and basis of report I report to the tnjstees on my examination of the accounts of the Caml)orne Wesley Methodist Church for the year ended 31 August 2023 set out on pages one to twenty-nine. As thé Church's trustees. you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Church's accounts C8rried out under section 145 of the Act and. in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Comborne Wesley Methodist Church (Registered Charity 11278071 Methodist Church Number 120105 Name of Church - Cambome Wesley MettrK)dist Church - No 120105 Independent Examinef 8 Ststement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination (other than that disdosed below") which give me cause to believe that in. any material respect.. the accounting records I￿re not kept in accordance with section 130 of the Act; or the accounts do not accord wth the a￿oUntIng records., or the accounts do not comply with the applicable requirements concerning the fomi and content of 8ccounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'irue and fair, view, which ig not a matter considered as part of an independent examination the trustees, annual roport is nol consistent wth the accounts *• I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this rewt in order to enable a proper understanding of the accounts to be reached. l trwwjlhave not. obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts. bank balances and funds al the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of independent examiner Edward T Pascoe Relevant professional qualification of independent examiner - FCA Name of fimi Pryor Begent Fry 13- 15 Commerci81 Road Hayle TR27 4DE Date 221512024 delete or circle as 8ppropri8te Comborne Wesley Methodist Church (Registered u￿rity 1127807) Methodist Church Number 120105 RESERVES POLICY Report Dn behlifor Cambme Westty Methodist Church Cc￿nclE c￿￿bOrn¢ Redn￿ and Ha 1¢ Methodist Cir¢uit Meetin We Submit our annual rep)n in &tordanc£ Bith t re4uirrmcThts of th¢ MetlKwJist conftyer￿¢ athd th¢ ch￿.15. Commissiw 8uthttc¢ io CCI9. (11 The t￿￿(¢¢$ havc estsb]IdKd th¢iT mi55ion aims aking Jnio accowrt ail of th¢ rewurces avablabk In ￿nn$ ofp￿p]e. pl￿rty ￿￿1 mon¢y lill Mk'ssion ini1￿1Ves1pfOJCcts ha%¢ t¢¢n Co￿¢d or ¢stsm&es m&le of PToiectd fullwe ¢04s which tak¢ it)w a￿oU￿1 nccds of the I￿lIdIn8S and the rWWr¥'m¢Tr￿ ol"U¥ ()jLoqU¢nn￿ In4JeL*o RcwJnl$ lili) We have a8Tcd a Res¢nrs Polttr which 15 5Ct CALI osuieaf attd is r¢¢ord¥d Ln the truAee5' minutes and ourAnnual Rep)rt livl W¢ the need to k xcountsble as ¢hth'N' tru￿$ for the mo￿￿, whith ¢fjm¢$ iiito our hand5 will provlde fiuther fornatson ¥ r¢quir¢d b). thc cir￿l￿D￿n¢Vc0￿￿Xl0th {vl Our Ryrt is att*hcd OVCTkaf * d¢la¢ aSappm￿.&* To be completed by Receiving B￿Y The Camborne Ralfuth Hayle Mdh(Klisi Circuit rtte1¥￿ the RESERVES Po5icy of Camborne Wesley Methodist Churrh Coun¢il Policy accep￿1 and acknowl•lB•nent s¢n¢ to the tw*¢s YE No Policy n(rted and the followin8 enquiries rnade of the tyust¢es Responses received and any ￿rther 4rtion thken 'CircuitlDis¢rirt Siytature¥ * I)I¥¥LX dL'IL*L' AS Comborne Wesley Methodist Chureh (Reoistered Choiity 1127807) Methodlst Church Number 120105 RESERVES POLICY of CamtM)rne Wesley meth￿lIst Church Council General Funds held at YE 311812023 £2100629 Restrlcted Funds held YE 311812023 £114972 Endowm•nt FurKls held YE 311812023 £82959 Reserves pollcy for General FurMIs The General fund includes furKls that have been desgnated by the Church Council.. - Children's Work £19252 EmploYff￿1 of CPW Church Administrator ReseDR £14000 Employment of Church Administrator Contingency Reserve Investment Propety Reser £12208 Emergency Funds £(549) Repaid and Maintenance of Investment Properties £1738 'Wothng Capital, to support servrce £1500 CapF*d at £2000, to support charitable outreach undertaken by members of church communrty £8607 Repair and m•lntenance of maln bulldlng £607 Earnarkad to support Ukr•nians In Cambome £25966 8ein9 lotal ol Unrestrlcled (G￿erall Fund$ Meals on Wheels Missioners, Reserle Refurblshment Ukranian Refugee Support Fund Avallable ResepM8- dofined in Ro8eprfe8 Policy Our pdicy is to retain suffiaent working captd to cover 3 months. running expenses (approximately £62000) Pollcy for R••trlct•d Fund• Funds runnlng under the church umbrella £12198 Fund¥ raiaed and eamwrked for a sperAfic pur T•mi• r•latlng to Endowm•nt Funth h•ld The income 18 to be used tNards the repair and maintenance of the premises This Reser4e3 Policy has approved by Cambome Wesley Meth¢xlist Church Council £ 102788 TreasurerlLegal Signatory CtrSentorChurchStewardlLegal Signatory Full Name Full na￿ Morwenna Ann Imlliams Signature Iliam Henry Herring Signature