## **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:- - **Wages** All employment costs have a budgeted increase of 10.0% - • **Expenses** Most lines have been increased by 7% over 2023/2024 actuals • **Givings** We continue to encourage regular giving - **Investment Properties** The next rent increases will be due in August 2025 - **External** Small increases have been applied to Hire of Space by external **lettings** groups - Our biggest expense, the Assessment, is set at £66794 for the year - • **Assessment** 2024/2025 _(£65485 for 2023/2024)_ ; this is an increase of 2% on the previous year - **Energy** Contracts for gas and electricity have both been renewed, both have **supplies** increased by 130% - **Financial** The church family was challenged to increase its monthly giving to **Revue of** the church in Spring 2024. It has been encouraging to witness the **Givings** enthusiasm for raising funds for the Windows project. ## 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: - - ✓ 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 - 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) _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. - Guidance is sought from the Government publications and the Methodist Church - Our trading company is struggling to trade profitably; the overheads are high in comparison to the food served - The contract for gas supply has been renegotiated wef 1/5/2024 and will run for 3 years to 30/4/2027; the new electricity contract runs wef 1/1/2025; both contracts show increase of 130% over the previous terms. - 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. There has been a reasonable success with regard to the Windows (B-Safe, B-Warm) project and budgets indicate that we should be able to complete this project within 2.5 years. The work has been divided into 3 phases and a tender have been accepted for the first phase of 14 windows. (The whole project involves 47 windows) - Funding for the Children’s Work is difficult to find, particularly the faith-based work. This is a grave concern for us. - Of current concern is the potential effect on our payroll costs of our new government’s intended employment changes - Our tenanted properties need work on them to make them fitting homes for our tenants. A recent quinquennial has indicated a cost of £150,000. The largest part of this – improvements to the roof of Wesley Court – is commencing in September 2024. - 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. ## **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_ - 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. 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**| |8**Total 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**| |17**Total charitable expenditure**||**172226**|**104797**|**43015**|**0**|**320038**| |18 Gains/(losses)on monetaryinvestme|n
13|2126|||7704|**9830**| |19 Gains/(losses)on investmentproperties||||||**0**| |20**Net income/(expenditure)**||**(1273)**|**(39720)**|**29020**|**7704**|**(4270)**| |21 Transfers between funds||(11199)|14182|(2983)||**0**| |22 Othergains/(losses)||||||**0**| |23**Net 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**|| |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_ |||||||||| |---|---|---|---|---|---|---|---|---| |**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: - - 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 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**_ - 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|_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￿$S of £10,000 (ten thousand Jundsl at the balance sheel date. Signature of indepen nt 8xaminef Name of independent examiner Edward T Pascoe Releva￿ prOfeS￿onal qualffication of ir*rKlent examiner Name of fimi (where propriate) FCA Address TR.17 (Èp(- Post Code ............ Date Comborne Wesley Methodist Church (Registered Chority 1127807) Methodist Church Number 120105 RESERVES POLICY Report OD behalf of C•mb(Kne Westey Methodist Church C￿n¢11 Camborne R¢druth and Ha le meth￿Is1 CAr¢uit Me¢un We submit our annual in ¥wrdanc¢ *ith the req¥i¥cmcnts of th¢ M¢thodi4 conf¢￿￿(£ and th¢ Chan'ty Commission 8uidance in CCI9. {11 The trustres have esthbtished their mission aims takjng Lnto ac¢ouN all ot'th¢ avdJlabl¢ in ¢nn$ 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 IosF*Xts Rwrrls {iiil Wc Trove agff*d 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