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2024-08-31-accounts

Camborne Wesley Methodist Church

Registered Charity 1127807

Methodist Church Number 120105

Trustees’ Annual Report and Accounts

For the year ended

31[st] August 2024

(v1 31/10/2024)

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

Trustees’ Annual Report Page 4
Statement of Financial Activity (SoFA) Page 14
Balance Sheet Page 16
Notes to the Accounts Page 18
Trustees Page 30
Declarations and Scrutiny Page 31/34

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 2024

Minister Reverend Ray Borrett Wef 1/9/2021
Children’s Project Worker Hannah Green Wef 16/8/2023
Church Stewards Derek Head
Judy Richards
Bill Herring
Keith Kneebone
Frances Franklin To 31/8/2024
Treve Harvey To 31/8/2024
Tracey Hunt
Sharon James Wef 1/9/2022
Rosemary Rowe Wef 1/9/2023
Treasurer Morwenna Williams

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

Trustees’ Annual Report

For the year ended 31[st] August 2024

Introduction

Welcome to our report for 2023/2024. This has been an exciting year for us – continuing growth in our Children’s and Youth Work, Growth in our Wesley Centre Users, a refurbished organ (all paid for), and several new, but very necessary Property Projects with the aim of ‘Bsafe, B-Warm’

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 (0-18 years)

We are proud to report that our work with children really does cover the age range 0-18 years. It is led by Sandy Jose who oversees all the community work with babies and toddlers, and Hannah Green whose work is primarily faith-based with community outreach as well.

Toddlers and Babies Clubs

Wesley Toddler Group has had another very successful year. We have between 80 and 100 children attending our groups each week.

We have been lucky enough to be awarded another grant from the Tesco Stronger Start scheme and are currently waiting to hear how much this will be. The minimum amount is £500 with a maximum of £1500. We will use the money to improve our physical development area and hope to purchase climbing frames, safety matting and other physical toys. We feel this is important as many of our families are in temporary accommodation without outdoor space.

We have continued to strengthen our relationships with outside organisations. The National Literacy Trust have asked us to partner with them to provide a new programme called “All Aboard” which is funded by GWR and will include rail themed activities and a day trip to Penzance on the train. This programme is in addition to their monthly visits and book gifting.

Healthy Cornwall still attend our sessions monthly. They have increased their involvement with us by offering free courses to the parents/carers in between our morning and afternoon sessions.

Penlee Family Project and Wesley Toddler Group are starting up a new session on Wednesday morning. The session will be a Peep Session called Empowering Parents and we will be the first group in Cornwall to offer this type of session. The Peep Learning Together Programme helps parents and carers make the most of the learning opportunities in everyday life, supporting their babies’ and young children’s learning through play.

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

This year we have also formed a working relationship with Transformation CPR with their Community Health and Wellbeing Workers visiting our sessions to give advice and help to our families.

We have been asked to be part of the Early Years Working Group, organised by the Cornwall Voluntary Sector Forum. The working group comprises of different organisations all working in the Early Years sector throughout Cornwall. The aim is to identify common goals and to build a path for working more closely together in the future.

Sunday Groups

Both groups have a regular attendance figure of between 8-10 children and young people, with ages ranging from 0 – 18 years old. Recently, a resource called Energize has been purchased for use alongside Godly Play and other free online resources, and the few pieces taken from Energize have in recent sessions proved a big hit.

Youth-Led Service

The Youth have helped to lead a service on the 9[th of] June 2024 which was very well received by the congregation and which the youth felt immensely proud of having a part in. It was agreed that they would have another date in which to do this in 2025, and they will have parts to play in the Nativity and Christingle services, too.

Summer Clubs 2024

Two summer clubs were held during the summer holidays. The first, Wesley MasterChef, was aimed at 7-11s and included bible study alongside a cookery project. The club was attended by 9 children (which was about the right number for the upstairs kitchen), and 2 teenagers came as helpers. The second summer club, Wesley’s Got Talent, was aimed at 1117s and included biblical teaching alongside a talent show project. The attendance was slightly lower than hoped (6 teenagers), however a great time was had by all and the performances were something to be proud of.

Community Events

A mixture of Big Picnic and Seasonal Party events were held. The most successful was the Easter Party with an attendance of 38 children alongside family members (The Light Party and Christmas Party had attendances below 10 on both occasions). The Big Picnics were less popular, with the most successful achieving around 20 people of various ages, but the least successful being attended by no-one. The strategy for Big Picnics is under review and other ideas are being trialled.

Prayer Space

The Prayer Space hub at Camborne Science and International Academy is manned once a week by Hannah, either on Wednesdays or Thursdays. She regularly interacts with 15-20 unchurched young people as they come in and out during breaktime and lunchtime. She also has the opportunity to invite them to other events and clubs around the town.

Weekly Offerings

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

There is currently a weekly offering for ages 7-11 in the works, and the appeal for volunteers will be going out at the end of October, building on the success (hopefully!) of the 2024 Light Party.

• And all the other activities…….

Meals on Wheels

During the 12-month reporting period, we delivered 8479 lunches, focusing on a radius of about 3 miles from our building in Camborne. This was a drop of about 20% from the previous year and equated to an average of 33.98 meals per working day. This trend is deeply concerning, although it would appear to have plateaued.

External lettings

Community use of our premises at £26064 was an increase of 10% over the previous year (£23677 (2023)). The increase in value is mainly due to a modest increase in hire charges. 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. Dance seems a growing area, particularly among children and young adults.

Our emphasis is on providing a Safe and Warm space where the community can meet without the consumption of alcohol or drugs, and without encountering gambling.

CWCC Ltd

Camborne Wesley Centre Catering Ltd 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. Numbers using the service are increasing steadily but many are low ticket items, reflecting the amount of social deprivation in our area. Overall the number of meals produced was down 11.53% due entirely to the drop in Meals on Wheels’ orders.

Café Wesley and Community Space Project

The Community space is open from 10.00 am to 2 pm Monday through Friday and thanks are due to the Volunteers who enable this to happen. Free hot drinks and biscuits are provided with the jigsaw table continuing to provide much interest.

IT

We continue to use Zoom when appropriate but now stream Sunday services via You Tube We have continued to upgrade our equipment enabling us to provide better quality transmissions.

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

In a similar way we are able to transmit Funerals and Weddings if the families concerned so wish.

We are proud to have a completely new web-site built in-house by one of our church members; it is still a work in progress but has refreshed our outreach and hopefully our image.

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

The organ refurbishment was finished in October 2023; a celebration concert in March 2024 concluded our fundraising and the total cost of £7200 was covered.

Review of the year

Income Trends

Church income is primarily drawn from the Sunday collections and Gift Aid 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.

Income from our donors at £50816 was an increase of 7.68% on the previous year. (£47192 (2023)) We were able to meet our Church Assessment of £65484 in full. Our budgets indicate that we should be able to meet our assessment for the period 1/9/2024 to 31/8/2025 in full; it is an increase of 2% on the previous year. We have requested that the Circuit review the structure for the Assessment levied on churches. To find £1300 every week is a huge drain on our income. GiftAId brought £8836 (net of transfers) into the General account and GASDS another £1471.

Expenditure Trends

The major cost is in relation to the assessment paid to the Camborne Redruth Hayle Circuit. This amounted to 25.31% (2023 25.31%) 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 £16175 ( 2023 £17814 ) 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.

B-Safe, B-Warm (Project to repair 47 windows of the schoolroom block)

Our latest quinquennial inspection identified that these windows were in a poor condition. We propose to repair them in 3 stages over the next 2 years. Sufficient funds have been raised from Fundraising internally and from external grants to enable us to accept a tender for Phase 1 of £47408.

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

Growing as a Family (Children’s Work project)

To enable our work with children (from 0-18) to continue and expand, external funding is being sought.

Investment properties – Flat 2 Wesley Court and the Ground Floor Flat of 14 Chapel Street saw changes in tenants during the latter part of the year. In each case upgrades to the flats were carried out bringing the spend for the year to £17193 for the 7 tenancies ( 2023 £15584). A provision has also been made in the accounts for essential repairs to the roof of Wesley Court at a cost of £25001. Work commenced in September 2024.

Fund balances

As at 31 August 2024 the net current assets of the church were £183168 ( 2023 £191138) giving approximately 7 months’ cover for expenditure in an average year. (2023 9 months)

Plans for 2024/2025

Church financial plans for the coming year have been prepared on the basis of:-

The next rent increases will be due in August 2025

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 2024 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

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

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 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

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

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: -

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

The main activities of our church are: -

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)

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD) cpd-vol-10822_hwcb9ZA.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 May 2024, effective wef 1/9/2024. 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 May 2024 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 (wef 1/9/2024 South West Peninsula 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

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 should have sufficient Unrestricted and also Designated (Unrestricted) Reserves which can be used to support our work over the 12 months to August 2025. Our Assessment is now paid on the first of each month; this helps our cash flow.

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

The trustees are finding long-term financial planning challenging. The B-Safe, B-Warm Windows project budgeted cost is now £181,000 and analysis shows that we should be able to complete the project within 3 years from its inception. Alongside this work is commencing on repairs to the investment properties, as identified in the most recent quinquennial report.

The value of our investments now stands at £90725 following the encashment of the Model Trust Bequests (£24074). This was necessary to aid our cashflow. The net gain on revaluation for the year was £7429.

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.

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:

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

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.

The main cause for the position in which we find ourselves is that between 2020 and 2022 (the COVID years) we used our Reserves to keep our church alive.

ouncil Meetings but are not Trustees as they are employees of the church.

Camborne WesleyMethodist Church Camborne WesleyMethodist Church Church No: 120105 (wef 1/9/2024 370105) (wef 1/9/2024 370105)
Statement of Financial Activities(SOFA) for theyear ended 31 August 2024
Notes to
the
accounts
General Fund
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2023-24
£ £ £ £ £
Income
1 Offerings 50816 10997 61813
2 Donations and legacies 4 1856 3804 5660
3 Gift aid + GASDS 13361 13361
4 Interest and investment income 7 11438 11438
5 Income from investmentproperties 5 41382 41382
5a Income from external lettings 35644 35644
6 Internal organisations 100 100
7 Other charitable income 8 14230 65077 57234 136541
8Total income 168827 65077 72035 0 305938
Expenditure
9 Circuit assessment or share 65484 65484
10 Grants and donations 2542 200 2742
11 Propertymaintenance 20 42666 42194 6586 91446
12 Insurance,utilities etc 16033 16033
13 Depreciation 12 3009 997 4006
14 Office expenses 5330 72 5402
15 Other expenditure 21 37162 62603 35160 134925
16 Internal organisations 0
17Total charitable expenditure 172226 104797 43015 0 320038
18 Gains/(losses)on monetaryinvestme n
13		 2126 7704 9830
19 Gains/(losses)on investmentproperties 0
20Net income/(expenditure) (1273) (39720) 29020 7704 (4270)
21 Transfers between funds (11199) 14182 (2983) 0
22 Othergains/(losses) 0
23Net movement in funds (12472) (25538) 26037 7704 (4270)
24 Total funds brought forward 2043266 57363 114972 82959 2298560
25 Total funds carried forward 2030794 31825 141009 90663 2294290

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

Camborne WesleyMethodist Church Camborne WesleyMethodist Church Church No 120105 Page15
Statement of Financial Activities(SOFA) for theyear 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
8Total 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
17Total 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
20Net 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) -
23Net 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

Camborne Wesley Methodist Church Church No
120105
Balance Sheet as at 31 August 2024
Notes to the General Fund
(Unrestricted)		 Designated
Funds
(Unrestricted)		 Restricted
Funds		 Endowment
Funds		 Totals 2024 Totals 2023
Accounts £ £ £ £ £ £
Fixed Assets
Church buildingand otherproperty 12 1,004,510 1,004,510 1,008,514
Investmentproperties 12 1,015,950 1,015,950 1,015,950
Investments 13 90,663 90,663 82,959
Total fixed assets 2,020,460 0 0 90,663 2,111,123 2,107,423
Current Assets
Debtors andprepayments 14 27,282 27,282 47,857
Loans bythe Churches 0 0
Investments with TMCP 13 63 63 24,412
Central Finance Board Deposits 14a 11,202 31,825 141,009 184,036 38,825
Shawbrook (100 day deposit) 14a 0 86,344
Cash at Bank and in hand 14a 10,462 10,462 9,336
Total current assets 49,009 31,825 141,009 0 221,843 206,774
Current liabilities
Creditors (due in under 1 year) 15 38,675 38,675 15,636
Grantspayable within 2023-24 0
Total current liabilities 38,675 0 0 0 38,675 15,636
Net current assets/liabilities 10,334 31,825 141,009 0 183,168 191,138
Total assets less current liabilities 2,030,794 31,825 141,009 90,663 2,294,291 2,298,561
Long term liabilities
(due after more than oneyear)		 0
Grantspayable after 2023-24 0 0
Loans to the Church 0 0
Net assets 2,030,794 31,825 141,009 90,663 2,294,291 2,298,561
Funds of the Church
General Fund(Unrestricted) 2,030,794 2,030,794 2,043,267
Designated Funds(Unrestricted) 31,825 31,825 57,363
Total Unrestricted Funds 2,062,619 2,100,630
Restricted Funds 141,009 141,009 114,972
Endowment Funds 90,663 90,663 82,959
Total Funds 2,030,794 31,825 141,009 90,663 2,294,291 2,298,561
Signed MAWilliams
Church Treasurer MA Williams 31/10/2024

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 oneyear)
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

For information only, money received andpassed on to External Organisations For information only, money received andpassed on to External Organisations For information only, money received andpassed on to External Organisations For information only, money received andpassed on to External Organisations For information only, money received andpassed on to External Organisations
Total 2023
Offerings/gifts - received for external organisations 824 1455
Offerings/gifts -passed to external organisations 1243 1050
b/f Paid over Rec'd o/s
£ £
Action for Children 0 263 272 8
All we Can -1 207 208 0
Transformation CPR - Foodbank 60 60 0 0
Operation Mobilisation 345 713 345 -23
Total 1243 824

Notes to the Accounts

1 Basis of Accounting

The Charity’s annual report and accounts for the year ended 31 August 2024 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 18. 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 of economic benefit is considered more likely than not under the legal or constructive obligation committing the Church to pay out the resources.

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

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: -

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 2024.

Following the preparation of accounts for the year to 31/8/2023, the sum of £4484.80 was received from Camborne Wesley Centre Catering Ltd in respect of the company’s trading to the year ended 31/8/2023. This sum was Gift Aided from the company to the church.

Creditors

Creditors include outstanding items relating to utilities, telephones, etc as at 31[st] August 2024.

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

4 Donations and legacies

General Fund
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Restricted
Funds		 Endowment
Funds		 Endowment
Funds		 Total 2023
Funds
£ £ £ £ £
Donations 1,856 3,804 - 5,660 3271
Legacies - - - - - 1000
1,856 - 3,804 - 5,660 4,271

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.

No.of General Fund
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted Restricted Endowment Endowment Total 2023
Units Funds Funds
£ £ £ £ £
LettingIncome
13 Victoria Street 1 6,791 - - - 6,791 6,480
14 Chapel Street 2 11,692 - - - 11,692 12,318
WesleyCourt 4 22,898 - - - 22,898 21,175
41,382 - - - 41,382 39,974

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

Unrestricted Designated
(unrestricted)		 Restricted Endowment Endowment Total 2023
Funds
£ £ £
Bank accounts
Central Finance Board 6256 - - - 6256 1583
Shawbrook Bank Ltd 168 - - - 168 351
Interest in overdue acco 44 - - - 44 -
Other 4970 - - - 4970
4771
Total 11438 11438 0
6705

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

8 Other Charitable Income

Unrestricted Total Total 2023 2023
£ £ £ £
General 6051 624
General - Grants recd - LPWGS 6679 0
General - Grants recd 1500 7713
**Unrestricted ** Total 14230 8338
Designated
Meals on Wheels 64338 73908
Investment PropertyReserve 739 3
**Designated ** Total 65077 73911
Restricted
Children's Work Grant 10240 7654
Church Administrator Grant 6654
Windows' Project Grant 34500
Children's Work 73
Contra -117 -650
Refurbishment 666 311
Toddlers subscriptions 5218 5069
**Restricted ** Total 57234 12385
**GRAND ** TOTAL 136541 94633

9 Payment to Trustees

Totals 2023
Payments made to trustees for additional services provided to the Church by
agreement with the Church Council Meeting		 £ 0 0
Number of trustees who werepaid expenses 0 0
Total amountpaid £ 0 0
Number of trustees who werepaid Mileage for Meals on Wheels Deliveries 3 3
Total amountpaid £ 396 760
GRAND TOTAL £ 396 936

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

10 Fees for examination of accounts

Fees for examination of accounts
Total 2023
Independent examiner's fees for reportingon the accounts £ 540 540

The independent examiner provided no additional services during the year.

11 Paid employees

Full
Time		 Part
Time		 Unrestricted Designated Restricted Endowment
Funds		 Total 2023
0 12
Property Maintenance -Site Management
Payroll costs 21429 21429 21429 18674
Children's Work - Children's Project Worker,
Toddlers' Leader, Toddlers' Assistant
Wages 27223 27223 27223 7783
Ers NIC 3615 3615 3615 158
Pension Costs 1317 1317 1317 91
Church Administrator
Payroll Costs 15006 15006 15006 2596
Musical Director
Payroll Costs 2953 2953 2953 2904
Meals on Wheels Administrator
Payroll Costs 8000 8000 8000 7016
Manager of Volunteers
Payroll Costs 4000 4000 4000 3508
Safeguarding Officer
0 0 4000 4000 4000 3508
Totals **87542 ** 47388 **8000 ** 32155 **0 ** **87542 ** 46238

Notes

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 2023
£ £ £ £ £ £ £ £
Balance brought forward 1000000 0 1015950 0 105509 0 2121459 2115770
Additions 0 0 0 0 0 0 0 5689
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 2121459
Accumulated Depreciation
Basis SL
Rate over 3years
Balance brought forward 0 0 0 0 96994 0 96994 94020
Depreciation charge foryear(+/-) 0 0 0 0 4006 0 4006 2975
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 100999 0 100999 96994
Net Book Value
Brought forward 1000000 0 1015950 0 8514 0 2024464 2021750
Carried forward 1000000 0 1015950 0 4510 0 2020460 2024464

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.

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

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 2023
Permanent Endowments £ £
3388 M & G Equities Inv Fd Charifunds 52178 47104
6123 CFB Managed Mixed 33168 30786
2602 CFB Managed Fixed Interest 4585 4371
Trustees Interest Fund 2 2
Trust Income 729 695
subtotal 90663 82959
Model Trust Bequests
1035 M & G Equities Inv Fd Charifunds 0 14393
482 CFB UK EquityFund Units 0 9744
Trustees Interest Fund 63 63
Trust Income 212
subtotal 63 24412
TOTAL 90725 107370
Analysis of investment movements
Change in investment values
Totals Totals
£ £
Carrying (market)value at beginningofyear 107370 116683
Add: additions to investments at cost
Less: disposals at carryingvalue -24074
Netgain/(loss)on revaluation 7429 -9312
Carrying (market) value at end ofyear 90725 107370

14 Analysis of current assets

This year 2023
£ £
Prepaid assessments 0 16371
Otherprepayments and acrcued income 7665 7616
Accrued income 0 0
Stock 1697 1572
CWCC Ltd 3962 (1,315)
Other debtors 13958 23613
Total debtors andprepayments 27282 47857

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

14a Analysis of cash at bank

a Analysis of cash at bank
Total 2023
£ £
Bank balance held in Santander 090726-54428484 6305 4272
Bank balance held in Lloyds 770914-22902060 1907 983
Bank balance held in Lloyds 309700- 01716398 1911 3764
Pettycash 339 319
Total 10462 9337
Bank balance held in CFB a/c 02448010 184036 38825
Bank Balance at Shawbrook Bank Ltd(100 day notice) 0 86344

15 Analysis of current liabilities

abilities
This year 2023
£
Trade creditors 5070 6957
Other Creditors 7828 8680
Provision for liability 25001 0
Receipts in advance 756 0
Sales deposits received 20 0
Total Current Liabilities 38675 15637

16 Capital commitments and contingent liabilities

At the 31[st ] August 2024, the Church had no capital commitments. No contingent liabilities were identified at 31[st] August 2024

17 Loans and creditors due after one year

There were no loans or creditors due after one year, as at 31[st] August 2024

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

18 Detailed analysis of individual fund types and movements

Opening
Balance
1/9/2023		 Income Expenditure Transfers Revaluation
gains/lossses		 Closing
Balance
31/8/2024		 Reason for
Transfer
Unrestricted(General)
Church Buildings Reserve 2,017,301 - - - - 2,017,301
General Revenue Reserve 4,578 168,849 (172,237) 794 - 1,984 Internal use of space; interest &
giftaid allocations; property
repairs
Investment Reserve - Unrestricted 9,412 - - (11,538) 2,126 - to provide cash flow for
Investment PropertyRepairs
Legacies -Unrestricted 12,012 - (47) (456) - 11,509 Repairs to stained glas in
internal doors
Totals 2,043,302 168,849 (172,284) (11,199) 2,126 2,030,794
Unrestricted(Designated)
Children's Work Designated 19,252 - - - - 19,252
Church Administrator Reserve - De
14,000		 - - (4,800) - 9,200 allocation of monies for Church
Administratorproject
ContingencyReserve 12,208 - - - - 12,208 Redefined need
Investment Property Reserve - D (549) 739 (42,194) 20,838 - (21,166) to meet present and future
propertyexpenditure
Meals on Wheels - Designated 1,738 64,338 (62,504) (1,855) - 1,717 transfers re office facilities,
photocopying charge, raw
materials and consumables
Missioners' Reserve - D 1,500 - - - - 1,500
Refurbishment - Designated 8,607 - - - - 8,607 to meet future refurbishment
costs
Ukranian Refugee Supprt Fund desi
607		 - (100) - - 507
Totals 57,363 65,077 (104,798) 14,183 - 31,825
Restricted
Children's and Youth Work 629 28 657 interest allocation
Children's Work Grants Restricted 11,741 10,240 - (17,185) - 4,796 interest allocation
Children's Work Restricted 12,705 2,487 (29,829) 18,207 3,570 room use, office costs,
interest,giftaid
Children's Work SPREE Restricted - 240 (279) 39 - GiftAId
Contra 426 1,486 (2,049) 128 - (9)
Church AdministratorGrantsReceive d
0		 6654 (3,047) 3,607 grants togeneral re wages;intere
Junior Church 4,828 - - (4,828) - interest allocation, office cost,
balance transferred to
Children's Work
Legacies - Restricted 1,341 - - (976) - 365 to cover stained glass repairs;
interest allocation
Meals on Wheels - Restricted 5,245 61 (140) 232 - 5,397 interest allocation
Minister's Fund 1,183 - - 277 - 1,460 interest allocation/ allocation
fromgeneral a/c
Organ 3,800 1,316 (6,528) 2,134 721 GiftAId Allocation/LPWGS
PeabodyTrust 44,766 1,970 46,736 interest allocation
Refurbishment - Restricted 19,230 981 (49) 689 - 20,852 interest allocation/giftaid
refund
SpringHarvest 200 9 208 interest allocation
Toddlers 5,556 5,218 (1,575) (1,418) 7,781 recharge interest allocation and
internal use of space
WesleyCentre Futures 1,855 82 1,936 interest allocation
Wesley Choir 1,194 - (178) 208 1,224 general allocatiion,
photocopying, interest
allocation
WesleyPlayers 274 12 286 interest allocation
Windows Repairs - 10,109 (3,645) 99 - 6,563 interest allocation
Windows Project Grants Received 0 34500 0 357.5 34,858 interest allocation
Totals 114,972 66,638 (37,618) (2,984) - 141,009
Endowment
Investment Reserve - Endowment 82,959 - - - 7,704 90,663
Totals 82,959 - - - 7,704 90,663
2,298,596 300,564 (314,699) 0 9,830 2,294,290

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

19 Related Party Transactions

This year - 2024
Name of related party Relationship Description of
transaction		 Income from Payments to Loans to/(from) Amonts owed
by/(to) related
related party
related party

during the
year
during the
year
related party
during the year
party as on
31/8/2024
JMA Part of world-wide
Methodist Church		 Donation from
church funds		 0 146 0 0
Mission in Britain Fund Part of world-wide
Methodist Church		 Donation from
church funds		 0 390 0 0
All we Can (Methodist Relief
and Development Fund)		 Part of world-wide
Methodist Church		 Donation from
church funds		 0 487 0 0
All we Can (Methodist Relief
and Development Fund)		 Part of world-wide
Methodist Church		 Retiring
Collections		 0 207 0 0
Leaders or Worship and
Preachers' Trust		 Part of world-wide
Methodist Church		 Donation from
church funds		 0 146 0 0
Methodist Church Fund Part of world-wide
Methodist Church		 Donation from
church funds		 0 146 0 0
Methodist Homes for the Aged Part of world-wide
Methodist Church		 Donation from
church funds		 0 146 0 0
World Mission Fund Part of world-wide
Methodist Church		 Donation from
church funds		 0 390 0 0
World Mission Fund - Easter
Offering		 Part of world-wide
Methodist Church		 Donation from
church funds		 0 100 0 0
Fund for Property Part of world-wide
Methodist Church		 Donation from
church funds		 0 300 0 0
Camborne Redruth Hayle
Methodist Circuit		 Part of world-wide
Methodist Church		 Assessment 0 65484 0 0
Camborne Redruth Hayle
Methodist Circuit		 Part of world-wide
Methodist Church		 Invoices for
services
provided		 21 202 0 1121
Last year - 2023
Name of related party Relationship Description of
transaction		 Income from Payments to Loans to/(from) Amonts owed
by/(to) related
related party
related party

during the
year
during the
year
related party
during the year
party as on
31/8/2023
JMA Part of world-wide
Methodist Church		 Donation from
church funds		 0 223 0 0
Mission in Britain Fund Part of world-wide
Methodist Church		 Donation from
church funds		 0 594 0 0
All we Can (Methodist Relief
and Development Fund)		 Part of world-wide
Methodist Church		 Donation from
church funds		 0 743 0 0
All we Can (Methodist Relief
and Development Fund)		 Part of world-wide
Methodist Church		 Retiring
Collections		 0 0 0
Leaders or Worship and
Preachers' Trust		 Part of world-wide
Methodist Church		 Donation from
church funds		 0 223 0 0
Methodist Church Fund Part of world-wide
Methodist Church		 Donation from
church funds		 0 223 0 0
Methodist Homes for the Aged Part of world-wide
Methodist Church		 Donation from
church funds		 0 223 0 0
World Mission Fund Part of world-wide
Methodist Church		 Donation from
church funds		 0 594 0 0
World Mission Fund - Easter
Offering		 Part of world-wide
Methodist Church		 Donation from
church funds		 0 149 0 0
Fund for Property Part of world-wide
Methodist Church		 Donation from
church funds		 0 300 0 0
Camborne Redruth Hayle
Methodist Circuit		 Part of world-wide
Methodist Church		 Assessment 0 62964 0 0
Camborne Redruth Hayle
Methodist Circuit		 Part of world-wide
Methodist Church		 Invoices for
services
provided		 3 202 0 465

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

20 Property Maintenance

Maintenance Maintenance
Unrestricted Total 2023
£ £
Site Management & Caretaking 21430 18674
Waste disposal and CleaningMaterials 2012 2468
Main Building 16175 17814
Security 1877
IT Equipment 849 1943
Other Equipment and Resources 324 761
Total 42666 41660
Restricted
Organ repairs 6480 0
Waste disposal and cleaningmaterials 40 0
Other Equipment and Resources 66 1121
Total 6586 1121
Designated
Other BuildingReserve(Investment Properties) 17193 15584
Provision for repairs 25001 27
Total 42194 15611
GRAND TOTAL 91446 58392

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

21 Other Expenditure

UNRESTRICTED UNRESTRICTED 2024 2024 £
£
12676
418
540
3955
1630
3941
23159
22622
31563
2740
4393
7176
30
258
68782
50
68832
148744
2023		 RESTRICTED RESTRICTED 2024 2024 2023 2023
General a/c £ £ £ Children's Work £ £ £ £
Payroll costs 27359 12676 Payroll 27201 6835
Bank Charges 388 418 28694 7639
Independent Examination of a/cs 540 540
Agent's Fees(let Properties) 4070 3955 Children's Work SPREE
Licences 1892 1630 Other expenses 279 0
Other 2535 3941
TOTAL Unrestricted 36785 Children's and Youth Work
Sundryresources 0 115
DESIGNATED
Meals on Wheels Defibrillator
Raw Materials 21603 22622 Sundrysupplies 0 286
COS Preparation of MOW 26730 31563
CateringSundries 1699 2740 Contra
Fixed Rate Mileage 3951 4393 Disbursements 792 0
Employment costs 8000 7176
Bank charges 37 30 Organ
Other expenses 483 258 other expenses 48 0
62503
Refurbishment
Ukranian Refugee Supprt Fund Other expenses 49 0
Other expenses 100
Toddlers
TOTAL Designated 62603 Consumables 782 738
Bank charges 37
Other costs 50 63
Toys 466 895
1335 1697
Wesley Choir
RSCM subscription 133
Other expenses 45
178 127
Windows Repairs
FundraisingCosts 3645 0
Ministers' Fund 0 20
Ukranian Refugee Support Fund
Other expenses 0 1247
MOW
Advertising 140 0
GRAND TOTAL 160265 TOTAL Restricted 35160
11130
Page29

Camborne Wesley Methodist Church (Registered Charity 1127807) Methodist Church Number 120105

Appendix A Camborne Wesley Methodist Church(Registered Charity 1127807)
Trustees 1/9/2023 to 31/8/2024 and 1/9/2024 to 31/10/2024
Atherfold D Church Member,elected byGeneral Church Meeting
Beavis C Church Member,elected byGeneral Church Meeting Wef 1/9/2021
Bond JM Church member,appointed byChurch Council
Borrett R Church Minister Wef 1/9/2021
Dunstan S Church Council Secretary
Franklin FE Church Steward,elected byGeneral Church Meeting To 31/8/2024
Geake AJ Church Member,elected byGeneral Church Meeting
Geake R Compliance Officer Wef 1/9/2021
Gilbert D Church Member,elected byGeneral Church Meeting To 31/8/2024
Harvey CT Church Steward,elected byGeneral Church Meeting To 31/8/2024
Harvey RN Church Member,elected byGeneral Church Meeting Wef 1/9/2021
Head DL Church Steward,elected byGeneral Church Meeting
Herring AM Junior Church Link Person,appointed byChurch Council
Herring WH Church Steward,elected byGeneral Church Meeting
Jackson C Superintendent Minister Wef 1/9/2024
James SP Church Steward, elected by General Church Meeting,
Pastoral Secretary,		 Wef 30/9/2021
Kitley D Chairman of Communities Link Committee, appointed
byChurch Council,Complaints Officer
Kneebone K Church Steward,elected byGeneral Church Meeting wef 4/4/2021
Osborn K Superintendent Minister To 31/8/2024
Phyall SJ Church Member,elected byGeneral Church Meeting Wef 1/9/2022
Richards J Church Steward,elected byGeneral Church Meeting
Rogers J Circuit Steward To 31/8/2024
Rowe A Church Member,elected byGeneral Church Meeting Wef 1/9/2023
Rowe R Church Steward,elected byGeneral Church Meeting Wef 1/9/2023
Schofield AC Chair of the Resources Committee
Thomas H Church Member,elected byGeneral Church Meeting Wef 1/9/2021
Voisey N Church Member,elected byGeneral Church Meeting Wef 1/9/2021
Voisey R Church Member,elected byGeneral Church Meeting Wef 1/9/2021
Williams MA Treasurer,appointed byChurch Council
Williams R Church Member,elected byGeneral Church Meeting Wef 1/9/2021

Church Safeguarding Co-ordinator -

Tracey Hunt (She can be contacted on 01209 612786 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.

Coml)orne Wesley Methodist Church (Registered Chority 1127807) Methodist ch￿￿h Number 120105 Camborne Wesley Methodlst Church No 120105 to 311812024 Camborne Wesley Methodist Churth No 370105 wef Ifom 11912024 Declarations and Scrutiny I confirm that these accruals-based a(rounts for the year to 31 August 2024 have been prepared from the records of the Church and that they indude all funds undef the control of the Church trustees. Signature of treasurer .knLk(bJ) Date- 19th January 2025 Name and address of treasurer Morwenna Ann V4711iams of GroVew0¢￿ House, 1 Rrx%ewame Close, Cambome TR14 OAA Presentatlon to the Church trustees I confirm that the annual report and accounts for the year ended 31 August 2024 were presented to the meeting of the Church trustees held on 1 December 2024 Signature of the Chair of the meeting.. Name of the Chair of the meeling.. Independent Examiner's Report to the Trustees of the Camborne Wesley Methodist Church Charlty Numb•r 1127807 Responslbllltl•s and basls of report I report to the trustees on my examination of the accounts of the Cambome Vlesley Methodist Church forthe year ended 31 August 2024 set out on pages 1 to 30. As the Church's trustees, you are reswnsible for the prepar*'on of the acxounts in accordan￿ wrth the requirements of Ihe Charities Act 2011 ('the Act.). I report in ￿SpeCt of my examination of the Church's a￿)unt5 carried out under section 145 of the Act and, in carrying OLrt my examination, I have followed all the applicable Directions given by the Chanty Commission under se¢lion 145{5llb) of ttte Act.

Camborne Wesley Methodist Church {Reqi5tered Chority 1127807) Methodist Church Number 120105 Independent ExamlneV$ Statoment The Church's gross ir￿rne exceeded £250,000 a examin'on by being a quallfied member of. l am qua5ffied to undertake the I have completed my examination. l Confim that no material matters have come to my attention in connecb'on wtth the examination which give me cause to believe that in. any material respect.. the a￿Unting records were not kept in wxordance with section 130 of the A¢i,' or the accounts do not accord wth the act￿ntIng records; or the ac£ounts do not Gomply with the applicable requirement5 con¢eming the fomi and content of a￿o￿ntS set out in the Chatibes (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view, which is not matter ¢onsid8red as part of an independent examination the trustees, annual reFQrt is not consistent with the accounts I have no concerns and have come across no other matt6rs in Connection with the examination to which attention should be drawn in this re￿rt in order to enable a proper understanding of the accounts to be reathed. I have not obtained independent venfication of all invastments with the Trustee3 for Methodist Church Purposes or held in other tNsts, bank balance8 and funds at the C8ntral Fin8nc8 Board of the MelhL¥Jist Church which are individually in eX￿$S of £10,000 (ten thousand Jundsl at the balance sheel date. Signature of indepen nt 8xaminef Name of independent examiner Edward T Pascoe Releva￿ prOfeS￿onal qualffication of irrKlent examiner Name of fimi (where propriate) FCA Address TR.17 (Èp(- Post Code ............ Date

Comborne Wesley Methodist Church (Registered Chority 1127807) Methodist Church Number 120105 RESERVES POLICY Report OD behalf of C•mb(Kne Westey Methodist Church C￿n¢11 Camborne R¢druth and Ha le meth￿Is1 CAr¢uit Me¢un We submit our annual in ¥wrdanc¢ ith the req¥i¥cmcnts of th¢ M¢thodi4 conf¢￿￿(£ and th¢ Chan'ty Commission 8uidance in CCI9. {11 The trustres have esthbtished their mission aims takjng Lnto ac¢ouN all ot'th¢ avdJlabl¢ in ¢nn$ of pcopl¢. pro￿nY aNI mor {iil ￿￿￿11￿) initiatE&&proFw have t%¢0 or ethmates m of proJe¢ted fulllre tOAs which k'b inw a¢￿U￿r th¢ nLLds of the buildings arld th¢ ￿q￿[¢m¢nls of IosFXts Rwrrls {iiil Wc Trove agffd a R￿¢TV¢S Poli¢¥' m.hich is s t overleaf and is r¢CoId￿ Jn the tn minyw aDd Attnual ReFrfbrt (iv) W¢ reeo8t)iK tk Theed to E xcowitable a5 Ch￿￿. torall th¢ mon¢i' M.hi¢h o)m¢s to (whallds wd will provid¢ fiknher infO￿atIOn as ryuired by the Cir¢uiVDillric6con￿XioTr {￿} Our Is attxhcd o&eTkaf • Ple￿ d¢la¢ a$ 8pprqm#e To be completed by Receiving Body The Carnborne Redruih and Hiyle mah￿1191 Circuii received ihe RFqF.RVF.q Poliry of Cambome Wesley method7￿ Church c￿n¢11 Polic>. a¢ccpted and acknoH,led8emenE seni w the tsus Policy noted and th¢ following eDquirie5 mr•Je of the truite Responses received and any fvnher aaion taken CircuitlDiJtrirt Sieft¢yres * Plea delLxe Date............

Comborne Wesley Methodist Church 1fteq￿ered Chcrity 1127807) Methodist Church Number 120105 RESERVES FIOUCY (rf Cambome Wesley Methodist Church Counol General Funds at YIE 3118r2024 £2062619 Re$trtctsd Funds held YE 311812024 £1141009 Endowment Funds held YIE 311812024 £90663 Reserves pollcy for General Funds The General fund indudes funds that have been designated by the Church Couneil: . Children's Wor Churth Administrator Reserve Contingency Reserve £12208 Emergency Funds Investment Property Reserve £(211651 Repair and Maintenance of Investment Properties £1717 'WO￿.n9 Capital. to support service £1500 To support chaiitable outreach undertaken by members of churth community £8607 Repair and maintenance of main building £507 Eamarked to support Ukranians in Camtx)me £13493 B&'ng total of Unrestrided (General) Funds £19252 Employment of CPW and Toddlers, Leader £9200 Employment of Church Administrator Meals on Wheels Missioners, Reserve Refurbishment Ukranian Refugee Support Fund Available Reserves- as defined in Reserves Policy Our policy is to rètsin sufficient wo￿n9 caprtal to cover 3 months. running expenses (approximately £75162) Pollcy for Rostrict•d Funds Funds running under Ihe church umbrella £1510 Funds raised andlor legacies earmafked lor a $pwfi¢ purpose £ 139499 Toms rnlatlng to Endowment Funds held The income is to be used tcAvards the repair and maintenan¢* of the premises This Reserves Policy has been approved by carnt￿Me Vlesley Methodist Church Council TreasurerlLegal Signatory CtrSeniorChurchStewardlLegal Signatory Full name- Morwenrk2 Ann Wlliams Full Name - WAlliam Henry Herring Signature Signature

Camborne Wesley Methodist Church (Registered Chority 1127807) Methodist Church Number 120105 Camborne Wesley Methodist Church Income for the year ended 311812024 OTHER CHARrfABLE INCOME IIP4auDES MOW ANDCWI 1366qO INCOME FROM ExfERNAL LErtlNGS 35644 INCOME FROM INVESTMENT PROPERnEs 41382 IptrEREST AND INVESTMENT INCOME GIFtAID At4D GASDS 133 I)OP14TIONS AND LEGACIES OFFERINGS 61813 Camborne Wesley Methodist Church Expenditure for the year ended 3118/2024 OTHER EXPENDnURE IINCLUDES MOWAND C 1404Z7 DEPREC￿TroN INSURANCE, UTILMES Erc 1(4) PROKAIY TrAAINTEIIAN 91446 GIiANTS AND CK)NAThP45 aRCUff ASSESSMÉPIT NOTE- thesefiqures ore in line with those shown in the SOFAfvr the year ended 3V8/2024 0$ shown on Paqe 14 of Thls Puckoqe