Trustees. Annual Report for the period ' Period start dale 01 September 2019 Period end date From 31 ' August 2020 Section A Reference and administration details Charity name Truro Methodist Church Other names charity is known by Registered charity number (if any) 1131902 Charity's principal address Union Place Truro Cornwall Postcode TR1 1EP Names of the charity trustees who manage the charity Name of p8rson lor body) entltled to appoint trustee lif an Trustee name Office lif any) Dates acted if not for whole year Revd Mark Dunn- Wilson Minister {Chairman of Church Council) Lay Worker Lay Worker Lay worker Lay Worker Lay Worker Circuil Representative Circuil Representative Ex officio Mrs Janet Tredrea Ex officio Mr James Taylor Mr David Crocker Mrs Sue Strawford Ex officio Ex officio Ex officio Ms Victoria Hocking Mr Ross Rounsevell Ex officio Until 31.12.19 Truro Circuit Mr Malcolm Kingslon From 01.01.20 Truro Circuit Mr Clive Brown Church Steward Church Steward Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeling Church Council Church Council 10 Dr Margaret Hocking Mr Chris George Mr John Wallace Church Steward {Tresillianl Church Steward 12 From 01.05.19 13 Mrs Linda Baines Miss Sarah Carbis Church Steward 14 Church Steward 15 Mr John Simpson Mrs Adrienne Simpson Mrs Peggy Morris Mr David Rabey Mrs Rita Soper Mrs Janet Crocker Church Steward 16 Church Steward 17 Church Steward 18 Treasurer 19 Treasur8r 20 Secretary of Church Council Elected Representative Elected Representative Elected Representative Elected Representative Church Council 21 Mrs Jenny Skinnard Mrs Karen Phillips Mrs Hilary Nicholson Mr Steve Littler Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting 22 23 24 TAR March 2012 25 Mr Dennis Hawke Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected RepresentatlV8 Elected Representative Elected Representative Elected Representative Truro School Chaplain Musical Director Annual ChLJrch Meelirlg Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting AnnLJal Church Meeting Annual Church Meeting Annual Church Meeting Tresillian Congregation Tresillian Congregation Tresillian Congregation Ex officio Church Council 26 Mr John Earnshaw 27 28 Mr Andy Bersey Mr Jon Summers Mrs Anne Luke Mrs Julia MacDonald 29 30 31 Mr David Smith 32 Mrs Jayne Thomas Mrs Abi Bersey Mr John Flatt 33 34 35 Mr Julian Bose 36 Miss Beth Harris 37 Mr Ross Vincent 38 Mrs Helen Nicholson 39 40 Mrs Jean Tubb Mrs Morwenna Bevan 41 Revd Aubin de Gruchy Mr Philip Davey Mr Philip Boorman Mr Tim Bersey Mr Geoff Rumbles 42 43 Car Park Adminislralor Church Council 44 Audio Visual Ministry Project Lead Church Council 45 Church Council Name The Trustees for Methodist Church Purposes custodian trustee Dates acted if not for whole year Names and addresses of advisers (Optional infomiation} e of adviser Name Address Accountants Francis Clart< LLP Lowin House, Tregolls Road. Truro. TR12NA Name of chlef executive or names of senior staff members (Optional information) TAR March 2012 'Section B Structure, overnance and mana ement Description of the charity's trusts Type of governing document Act of Parliament leg. 11-usi aeeu. GOnSLIIULIUI I How the charity is constituted Trust i¢g. Iriisi: associ¢lllf)ri, L¢JlTII)illly Trustee selection methods leg. appoinTPO Uy. Plvtyteu uy Appointed by Church Council or Annual Church Meeting (some Trustees are ex officiol Additional governance issues (Optional infomiationl InductianlTraining'. Range of guidance provided by Methodist Connexion 'The Role of a Trustee, leaflet available to Trustees You may choose to include additional information, where relevant, 8bout'. policies and procedures adopted far the induction and training of Irustees., the charity's organisational sltucture and any wider network with which the charity works., relationship with any related parties., trustees, consideration of rnajor risks and the system and procedures to manag8 them. structure.. Part of Truro Circuit, The Methodist Church Accountable to the Methodist Conference Risks.. Propety & Financial risks considered by regular Leadership Team meetings Major risks considered by Church CounGiI Professional advice taken as required le.g. legal advice) Adopted Safeguarding Policy, with approved Safeguarding training programme Section C Ob"ectives and activities Set out in the Methodist Church Act 1976 (clause 41 synopsis- Advancement of Religion and any charitable purpose of the Methodist Church or church organisalion. (See Methodist Church Act 19761 Summary of the objects of the charity set out in its governing document TAR March 2012 To serve the communities of Truro and Tresillian through religious, social and spiritual activities for a full range of people. To provide a safe place for mutual support and development where each person can achieve their full God-given potential. To promote, through teaching and discussion, the principles and lifestyle of the Christian faith. The Trustees have referred lo the Charity Commission guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Summary of the main activities undertaken for the public benefit in relalion to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Additional details of objectives and activities {Optional information) Within the Methodist Church. local Churches, Circuits and Districts are not defined as lextemal) granl-making bodies. Funds, in excess of those required for the general operation of Truro Methodist Church, are invested with the Central Finance Board of the Methodist Church. You may choose lo include further statements, where relevant, about.. policy on grantmaking., policy programme related investment., Gonlribution made by volunteers. Much of the oversight, management, and day-to-day activity of Truro Methodist Church is undertaken by volunteers (lay people). TAR March 2012 Section D Achievements and performance Summary of the main achievements ofthe charity during the year Successful further development of new styles of worship. An ongoing programme of maintenance to the Church's listed propety lo tnainlain ils"wind- and waler-lighl" condition, and lo enhance the internal facilities and decor Providing a distribution point for the Truro Foodbank Rebranding of the Sambells cafe, and a move lo using ethical, Fairtrade, andlor local suppliers wherever possible. The café provides companionship and fellowship, as well as good food 'Open the book, _ two teams go into two local primary schools three or four limes per term lo lake assemblies Providing operational support lo Truro Street Pastors On-going programme of'messy Church and other family work. The successful continuation of 'Squelch'_ an outdoor equivalent of Messy Church An expanded programme of House Groups Hosting a number of uniformed organisalions for young people Ongoing work with individuals and groups within the church community to fulfil the ideals contained on the 'Communily Mission and Ministry, mo(Sel Expansion of ventures for young people led by the Truro Circuit Youth Enabler Providing space and facilities for a wide range of community groups including the annual Cornwall Music Festival. We continue lo be a Dementia Friendly Church We continued to plan for a major refurbishment of our premises. The project will move forward as 'Making Room @ TMC,. During the year we appointed CPL Archilecls for the scherne 2nd outline plans were prepared. Discussions continued during the year bul were paused from March 2020 due lo COVID-19. Covid-19 Im act on Activities When the first COVID-19 '1ockdown' w2S 2nnounced on 23rd M2rch 2020 the premises al Truro Melhodisl Church ITMCI were immediately closed. However, the whole ethos is that the Church is not the building bul it's the people who have conlinued lo be supported. The two main Sunday morning gervices went online through Youtube and Facebook lone had already been live streamed before then). The physical combined congregations prior lo the pandemic lolalled around 250. The digital congregation soon grew lo over 2,000 and high numbers were maintained even when some other churches decided to reopen when that became possible. TMC also sel up a COVID CARE Response Team to provide assistance lo vulnerable church members and the wider community. This included shopping, collecting prescriptions, phoning peopSe for a chal, writing lellers elc. Al a later stage this was extended lo include the cooking and delivery of hol meals lo around 35 vulnerable people each week. Many regular meetings continued via Zoom including Church Council, leadership team, house groups, bible studies, prayer meetings, book club and coffee mornings. TAR March 2012 Section E Financial review In order to provide the prospect of reasonable financial security to the Church and the Circuit going forward the Church Council has agreed to hold in reserve the equivalent of 6 months expenditure {this being £125.000 in the most recent yearl. In addition, in accordance with RICS guidelines. we seek to build up a reserve equivalent to 2.50/0 of the capital value of the buildings (this being £27,500 in the most recent year). The Reserves funds designated by this policy amount to £152.500. Total reserves this year amount to £1,504,737 and free reseNes total £253.454 (Unrestricted nel currenl assets) and Iherefore, currently exceed the required level. The Church Council has agreed to commence a refurbishment project which will deploy the excess. Reserves and budget monitoring are reviewed by the Church Leadership Team (which meets every two months) and the Church Council (which meets three times a yearl Brief statement of the charlty's policy on reserves Details of any funds materially in deficit None Further financial review detalls (Optional Information) Principal sources of funds.. Regular giving by members and adherents Tax recovery under the Gift Aid scheme Donations Car park income Forecourt lease Premises letting You may choose to include additional information, where relevant about.. the charity's principal sources of funds (including any fundraising)., how expenditure has supported the key objectives of the charity- investment policy and objectives including any ethical investment policy adopted. Expenditure on Objectives Much of the expenditure of the charity is concerned with the provision of a premises for its wide-ranging activities, as well as contributing to the costs of providing ministers and lay staff (most via the Truro Circuit of the Njethodist Church) to carry out the work of the charity Investment Policy Uncommitted funds are deposited with the Central Finance Board of the Methodist Church, who maintain a policy of ethical investment Section F Other optional information act of Covid-19 The financial Im The effect of the pandemic on TMC finances was limited in the financial year to 31 st August 2020. Over 900/0 of regular giving comes via bankers, orders and this was maintained. Most other income is received during the winter months and so that had been received. On the Cost side utility bills reduced and the church caretaker was furloughed as part of the govemmenl scheme. The outcome for the year was roughly in line with expectations. However, there will be a need to draw on reserves during the year to 31 sl August 2021 due to a reduction in seasonal income - mainly premises letting. There is an assumption that the position should be restored in the 2021122 finaricial year. TAR March 2012 Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{sl A// // Full namels) Position leg Secretary, Chair, etc) Revd Mark Dunn-wilson Chaimian of Truslees Date )? TAR March 2012 CHURCH ACCRUALS ACCOUNTS 2019-20 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Truro Methodist Church FOR THE YEAR ENDED 31 August 2020 Truro Circuit Circuit no 12104 Registered Charity - Charity Registration number 1131902 If not a registered charity Her Majesty's Revenue and Customs Gift Aid number (The HMRC number is equivalent to a registered charity number in lerms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from regislration under Slalutory Instrurnent 2014 No.242) Minister.. Rev'd Mark Dunn-wilson Church Stewards= Mr Clive Brown Miss Sarah Carbis Dr Margaret Hocking Mr John Simpson Mr Christopher George Mrs Adrienne Simpson Mrs Linda Baines Mrs Peggy Morris Mr John Iivallace (from 1 May 2019) Treasurer.. Mr David Rabey Mrs Rita Soper Truro Melhodisl Church Church No 12104 Statement of Financial Activities SOFA for the year ended 31 Au ust 2020 Notes to the accounts Designatèd Funds lunrestrlctedl General Fund IUnrestriGtedl Restricted Funds Endowment Funds Total 2019-20 Income 1 Offerings 2 Donalions 3 Le acies and grants 4 Gift aid 5 Interesi and inveslrnent incom8 6 Income from inve5tmèni properties I lelbtQS 124,966 7,192 7,191 27,235 787 61,778 124,966 11,526 7,691 27,235 969 4,334 500 182 61,778 17,277 12,903 284,345 17,277 8 Other charitable incoma 9 Tot81 incorne 12,903 242,052 682 21,611 Ex enditure 10 Circuit assessment or share 11 Grants a￿d don81iolls 12 Property rnaintenance Ènd r6p81rs 115,760 115,760 5,263 14,152 23,458 17,663 5.263 368 13,784 23.458 17.555 14 Depreciation 15 Office expenses 16 Olher oxpendilure 17 Wages and salaries 108 27,462 29,877 43 27.505 29.877 15,743 249,421 15,743 21.482 19 Total Gharitable expenditure 227.896 43 20 Gain81llossesl on tnoneia invesltnenls 21 Gainslllossesl on investment propèrtiès 22 Net incotnellexpenditurel 23 Transfers balween funds 24 Olher 25 Net movetnent in lunds 14.156 639 90 129 14,924 14,246 549 129 14,924 26 Total funds brought forward 27 Total funds carried forward 1,423,774 1,438,020 44,973 45,522 21.066 21.195 1,489,813 1,504,737 Truro Melhodisl Church Church No 12104 Statement of Financial Activities SOFA for the ear ended 31 Au ust 2019 Note$ to the accounts Designated Funds lunrestrictedl General Fund (Unrestricted) Re8trfcted Funds Endowment Fund5 Total 2018_19 Income 1 Offering8 2 Donation5 3 LegaclÈs and grants 4 Gin aid 123,024 11.733 123.024 21.381 9,648 26.510 750 67,838 26,510 928 67.838 21.761 14.195 275,637 5 Inler8sI and inv8slm8nl income 6 Incom8 from inv851m8nl pro ertias I letlin 7 Internal organisalions 8 Olhei ¢hari18ble incoTne g Total Income 178 21,761 14.195 244,050 178 31,409 Ex enditure 10 CirGUit assessment 01 sha 11 Grants and donations 12 Property m81ni8nance 2nd repalrs 118.256 118,256 9,301 15.490 33,499 20.709 9,301 516 14.974 ,499 20,582 14 Depreciation 15 offi￿ expensos 16 Olher expendilure 17 WagÈs and salaries 127 26,194 28.362 42 26,236 28,362 22,433 274,286 22.433 32,377 19 Total charStsbla expendlture 241,867 42 20 Gainslllos5esl on monètary invÈsttnÈnls 21 Gainslllossesl on investment properties 22 Net Incomel enditure 23 Transfers belween funds 24 Other 25 Net rnovernent in tunds ex 2,183 107 136 968 1,351 89 2.2go 47 986 1.351 26 To181 funds brought forward 27 Total funds carried forwaTd 1,421,484 1,423,774 44,9 44.973 22.052 21.066 1,488.462 1,489.B13 Truro M8thodlstChurch Church N 12104 Balance Sheet as at 31 August 2020 Dn¥lohOt#dFvttds Totath 2420 Fund5 ds A¢¢ouffl xed Assbts Churthbu￿kn9ènd ￿￿￿rp￿e￿y Inv4stsnenl prapBrfiE5 In￿S￿onI￿ 1,230mS and pr￿pa￿ts Loafis byihochvithvs TMCP can1￿ FIrta￿￿ &wdO8ws115 Cakhat8artAar* Inhind 23.723 108.270 21,19& Totslcuffentasspls 4&5k2 281.048 tr￿10r% (due￿ undBI l year) fji¥nLBpp￿lem￿h1￿2ol8.l9 6,￿7 6￿7 207,932 4&S22 2T4.é4S Talalass•tsk$s I.419￿13 dve thin onpyearl GF3n15 pa￿￿1•￿￿er2DlB.l9 l￿nsiOU￿t Church Ngta55•ts 1,438,020 45.522 1,504,737 1.48181J Funth ollheChurLh GènÈral ¢unr4￿￿e￿I 1.438,OZO 1.438.020 yol4lunrvslr5o￿FVryds R￿trthd Fufjd5 Endo￿￿￿￿ Pundj 1.48J.$42 TctalFunds 1.438,020 45,522 1,469h13 Truro Methodlst Church Notes to the Accounts 1 Basi5 of accounting The financial staternenls h8ve been prepared ufidei the historic cost convention, and in accordance with the 2019 version ol Accounting and Reporting by Charities.. Statement of Re¢ommended Practice ISORPI applicable to ¢harities preparing their accounts in accordance with FRS102- the Charities SORP IFRS1021 and the Charities Act2011. 2 Funds The funds held constitute". General Funds held for any purpose of the Chur¢h which are Unrestricted. Restrict8d fvnds which are held lor a narrower purpose. including those for intemal organisations. Details of each materi81 fund are disclosed in the final note to th8S8 accounts. Any funds may be represented by more than jusl cash. 3 Accounting policies Basis These accounts have been prepared on the basis ol historical cost except that investments are shown 81 their market value at the end of the year, on the accNals basis to show a true and fair view of the Church's financial position and activitl&5. Incoming Resources Income is included in the Statement of Fin8nci81 Activities ISOFAI when the Church becomes 8nlitled to the resources, and the trustees are r8asonably ￿rtain they will r8ceive the reSour￿S., and the monetary value can be measured with sufficient reliability. Resources Expended This is reoognised when a Ilability is incurred. or a constructive obligation arises. that results in the p8yment b&ing unavoidable. Liabilities are reeognised as soon as an outflow ol economic benefit is considered more likely tha not under the legal or Constructive obligation commilling the Church to pay out resources. Grants Grants made by the Church frorn its own funds are recognised in full at the lime of agreetnent or when the Chur¢h accepts that there is a legal or operational obligation lo rnake the payment. When the grant is recurrent OV8r more than one year the balanoe payable in future years 15 treated as a pmvision for luluTe commitments in the Balan sheet againsl Ihe approprisle fund, the provision being released in future years as instalrnents are paid in accordance with the originally 8greed terms. VAT Sinc& the Church is not VAT registered. all input VAT is charged with the expenses to which it ref8r8. Tangible fixed assets for use by the Church Tangible fixed assets 8re capitalised if they can be used for more than one year, and cost at leasl £1,000. The freehold prop8rty is shown at 3 professional valuation conducted on 30 January 2015. Assets under construction are not depreciated until they are brought into use. Depreciation Depreciatlon Is Chargèd as to write off the cost of the assets, Other than freehold property, over their estimated usefijl lives, as follows.. Ass8t class Fixtures. litling5 and equipm8nt Depreciation method and rate 15°A reducing balance Investment Propertles Investment properties- no property is currentty deemed to not be held for the long term purposes of the charity. Truro Methodist Church Investments Investments are valued in the balance sheet at market value at the year end. Investment incorne is included in the accounts when re￿1vable and any gains or losses on revalualion 8t the year-end are shown in the SOFA. Debtors and Prepayrnents Thes8 amounts are owed to the Church and indude payments made by Ihè church for $8rvices yet to be received. Creditors Creditors include outstanding amounts relating lo utilities. professional fees, etc. Unrestricted Restricted 2020 Total 2019 Total Donations and legacies Offerings Tax credits Donations 124,966 124,966 27,235 123,024 26,510 27,235 7,192 4,334 11,526 7,691 21,381 Legacies & grants Total 7,691 167,084 4,334 171.418 170.915 5. Other charitable income Unrestricted Restricted 2020 Total 2019 Total Fund raising Sundry Total 7,512 5,391 12.903 7,512 5,391 12,903 7,909 6,286 14,195 6. Lettings Unrestricted Restricted 2020 Total 2019 Tolal Lettings Car Park King Slurge Lease Total 16.033 35,745 10,000 16,033 35,745 10,000 22,296 35,542 10,000 61,778 61,778 67.838 7. Invastment In¢om8 Unrestricted Restricted 2020 Total 2019 Total Advance deposii funds Bank Interest Other Total 957 957 913 12 12 15 969 969 928 Truro Methodist Church 8. Internal organisatlons Unrestricted Restricted 2020 Total 2019 Total Internal Organisations Total 17.277 17,277 21,761 17,277 17,277 21,761 9. Payment lo Trustees 2019120 2018119 Payments made to Iruslees for addition21 services provided to the Church by agreement with the Church Council meeting. 7,285 6,733 Number of Trustees who were paid expenses Total amount paid in expenses 5,036 1,458 10. Fees for examination or audit of the accounts Independent examiner's or auditors. fees for reporting on the accounts Other fees leg.. advice. accountancy Servi￿$) paid to the independent examiner or auditor 929 800 2,229 1,920 11. Paid employees Staff Costs paid during the year were.. Gross wag&s, salaries and benefits in kind Employer's National Insurance costs Pension costs Total staff costs 26,440 1,850 1,587 29.877 25,145 1,709 1,508 28,362 Average number of full-time equivalent employees in the year were.. 11111 111111 111111 11 111111 11 11 llii,111 11 Truro Methodist Church 13. Investments The funds that support the various funds are held by TMCP in Trustees Interest Funds on which Interest is credited lo the accounts each month. These are regarded as medium and long term investmonls. TMCP is the legal owner and Custodian Trustee of 811 Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local anaging Trustees who are responsible for the day lo 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 policy as determined by the Methodist Conference. Analysis of investment movements Change in investment values 2019120 2018119 Carrying Imarkell value al beginning of the year Add.. additions lo investments al cost Less: disposals at carying value Nel gainlllossl on revaluation Carrying Imarketl value at end of the year Truro Methodist Church 14. Analysis of ¢urrent assets 2019120 2018119 Debtors and prepayments Prepayments 21.865 7.773 Accrued income Other debtors 1,858 Total debtors and prepaymants 23.723 7.773 Analysis of cash at bank Bank balance held in Trustees for Methodist Church Purposes 21.414 20,865 Bank balance held in Central Finance Board- Deposit Fund 109.142 108,276 Bank balance held al Lloyds TSB 30 day notice account 14.711 14,704 Bsnk balance held al Lloyds TSB Instant account 89 7,089 Bank balance held al Lloyds TSB Current account 85,304 93,309 Bank balance held al Lloyds Treasurers account Bank balance held at Lloyds Making Room Current account Sundry Accounts and Pelly Cash 13,247 12,676 Total Cash and Bank 257 323 266 788 Truro Methodist Church 15. Analysis of current liabilities and long term creditors 2019120 2018119 Trade creditors 503 A￿rua]S 6,397 10,048 Third party offerings Total Current Liabilities 6,397 10.551 16. Capital Commitments and Contingènt Liabilities Al the 31st August 2020 the Church had no capital commilmenls. No Conlingenl liabilities were identified al 31st August 2020. 17. Loans and creditors due after one year There are no loans or Creditors due after one year. 18. Detailed analysis of individual fund movemants Unrestricted funds Fund name Opening Balance Revaluation gainsllosses Closing Balance Income Expenditure Transfers General funds 1,423,774 242,052 1227,8961 90 1,438.020 Designated funds 44,973 682 1431 (901 45,522 Totals 1,468,747 242,734 1227,9391 1.483,542 Truro Methodist Church Restricted funds Revaluatio Opening Balance Transfer Fund name Income Expenditure Closing Balance gainslloss es Charities account Fundraising for TVIDVD an Fund Firecresl event Grant for TM Circuil Grant for Tables Internal Organisatio ns Totals 3,911 4,334 15,2631 2,982 559 1541 505 1,285 330 368 917 330 2,660 2,660 1,096 {541 1,042 11,225 17,277 {15,743} 12,759 21,066 21,611 21,482 21,195 Endowment Funds Fund name Opening Balance Income Expenditure Transfers Revaluation gainsllosses Closing Balance Total There were no Endowment funds held during the year. Fund oses Charities account- general monies collected lo date. Fundraising for TVIDVD- fundraising for TV screens and DVD copiers. Organ Fund - monies raised and donated for maintaining Ihe org8n. Internal Organisalions- balances generated by internal organisations. Reasons for transfer between funds Annual transfer of interest received from a Designated Trust Fund lo General Funds in line with the Church's historic adivities. Truro Methodist Church 19. Related party transactions Thi5 year- Income from related party during the Loans tol (from) related party during the Amounts owed by I (tol related party as on31. Aug-20 Name of related party Payments to related party during the year Relatlonshlp Description of transaction year year Revm Dunn- Wilson Minister Expenses 518 P Davey Church council Organist fees 7,285 T 8ersey Church Council Audio visual expenses 4,497 D Crocker Lay worker Expenses 13 J Taylor Lay worker Expenses Total 12,321 Truro Methodlst Church Last year: Income from related party during the year Payments to related party during the year Loans to I {froml related party during the year Name of related party Description of transaction Amounts owed by I Itol related party as on 31-Aug- 19 Relationship Revm Dunn- Wilson Minister Expenses 521 Minister expenses S Harris Church council 187 H Bose Church Council Minister expenses 395 J Strawford Church Council Repairs and maintenance 355 Church Council P Davey Organist fees 6.733 Total 8.191 Truro Methodist Church No.. 12104 Declarations and Scrutiny I confirm that these ac¢ruals-based accounts for the year to 31 August 2020 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees. Signature of treasurer Date..12 Name and address of treasurer . I IlT.P....￿PK[T￿&K1y MkLPNI Post Code.. Presentation to the Church trustees I confirm that the annual report and accounts for the year ended 31 August 2020 were presented to the meeting of the Church trustees held on Signature of the Chair of the meeting Name of the Chair of the meeting Date Independent Examiner's Report to the Trustees of the Truro Methodist Church Charity Number: 1131902 I report lo the trustees on my examination of the accounts of the Truro Methodist Church for the year ended 31 August 2020. Responsibilities and basis of report As the Church's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Church's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by Ihe Charity Commission under section 145(5){bl of the Act. Independent Examiner's Statement The Church's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. l Gonfirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Act,. or the accounts do not accord with the accounting records., or the accounts do not comply with Ihe applicable requirements conceming the form and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view, which is not a matter considered as part of an independent examination the trustees, annual report is not consistent with the accounts I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Darren Perry Chartered Accountant {ICAEW) Francis Clark LLP Lowin House Tregolls Road Truro TR12NA Date: 4 March 2021 CHURCH ACCRUALS ACCOUNTS 2019-20 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Truro Methodist Church FOR THE YEAR ENDED 31 August 2020 Truro Circuit Circuit no 12104 Registered Charity - Charity Registration number 1131902 If not a registered charity Her Majesty's Revenue and Customs Gift Aid number (The HMRC number is equivalent to a registered charity number in lerms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from regislration under Slalutory Instrurnent 2014 No.242) Minister.. Rev'd Mark Dunn-wilson Church Stewards= Mr Clive Brown Miss Sarah Carbis Dr Margaret Hocking Mr John Simpson Mr Christopher George Mrs Adrienne Simpson Mrs Linda Baines Mrs Peggy Morris Mr John Iivallace (from 1 May 2019) Treasurer.. Mr David Rabey Mrs Rita Soper Truro Melhodisl Church Church No 12104 Statement of Financial Activities SOFA for the year ended 31 Au ust 2020 Notes to the accounts Designatèd Funds lunrestrlctedl General Fund IUnrestriGtedl Restricted Funds Endowment Funds Total 2019-20 Income 1 Offerings 2 Donalions 3 Le acies and grants 4 Gift aid 5 Interesi and inveslrnent incom8 6 Income from inve5tmèni properties I lelbtQS 124,966 7,192 7,191 27,235 787 61,778 124,966 11,526 7,691 27,235 969 4,334 500 182 61,778 17,277 12,903 284,345 17,277 8 Other charitable incoma 9 Tot81 incorne 12,903 242,052 682 21,611 Ex enditure 10 Circuit assessment or share 11 Grants a￿d don81iolls 12 Property rnaintenance Ènd r6p81rs 115,760 115,760 5,263 14,152 23,458 17,663 5.263 368 13,784 23.458 17.555 14 Depreciation 15 Office expenses 16 Olher oxpendilure 17 Wages and salaries 108 27,462 29,877 43 27.505 29.877 15,743 249,421 15,743 21.482 19 Total Gharitable expenditure 227.896 43 20 Gain81llossesl on tnoneia invesltnenls 21 Gainslllossesl on investment propèrtiès 22 Net incotnellexpenditurel 23 Transfers balween funds 24 Olher 25 Net movetnent in lunds 14.156 639 90 129 14,924 14,246 549 129 14,924 26 Total funds brought forward 27 Total funds carried forward 1,423,774 1,438,020 44,973 45,522 21.066 21.195 1,489,813 1,504,737 Truro Melhodisl Church Church No 12104 Statement of Financial Activities SOFA for the ear ended 31 Au ust 2019 Note$ to the accounts Designated Funds lunrestrictedl General Fund (Unrestricted) Re8trfcted Funds Endowment Fund5 Total 2018_19 Income 1 Offering8 2 Donation5 3 LegaclÈs and grants 4 Gin aid 123,024 11.733 123.024 21.381 9,648 26.510 750 67,838 26,510 928 67.838 21.761 14.195 275,637 5 Inler8sI and inv8slm8nl income 6 Incom8 from inv851m8nl pro ertias I letlin 7 Internal organisalions 8 Olhei ¢hari18ble incoTne g Total Income 178 21,761 14.195 244,050 178 31,409 Ex enditure 10 CirGUit assessment 01 sha 11 Grants and donations 12 Property m81ni8nance 2nd repalrs 118.256 118,256 9,301 15.490 33,499 20.709 9,301 516 14.974 ,499 20,582 14 Depreciation 15 offi￿ expensos 16 Olher expendilure 17 WagÈs and salaries 127 26,194 28.362 42 26,236 28,362 22,433 274,286 22.433 32,377 19 Total charStsbla expendlture 241,867 42 20 Gainslllos5esl on monètary invÈsttnÈnls 21 Gainslllossesl on investment properties 22 Net Incomel enditure 23 Transfers belween funds 24 Other 25 Net rnovernent in tunds ex 2,183 107 136 968 1,351 89 2.2go 47 986 1.351 26 To181 funds brought forward 27 Total funds carried forwaTd 1,421,484 1,423,774 44,9 44.973 22.052 21.066 1,488.462 1,489.B13 Truro M8thodlstChurch Church N 12104 Balance Sheet as at 31 August 2020 Dn¥lohOt#dFvttds Totath 2420 Fund5 ds A¢¢ouffl xed Assbts Churthbu￿kn9ènd ￿￿￿rp￿e￿y Inv4stsnenl prapBrfiE5 In￿S￿onI￿ 1,230mS and pr￿pa￿ts Loafis byihochvithvs TMCP can1￿ FIrta￿￿ &wdO8ws115 Cakhat8artAar* Inhind 23.723 108.270 21,19& Totslcuffentasspls 4&5k2 281.048 tr￿10r% (due￿ undBI l year) fji¥nLBpp￿lem￿h1￿2ol8.l9 6,￿7 6￿7 207,932 4&S22 2T4.é4S Talalass•tsk$s I.419￿13 dve thin onpyearl GF3n15 pa￿￿1•￿￿er2DlB.l9 l￿nsiOU￿t Church Ngta55•ts 1,438,020 45.522 1,504,737 1.48181J Funth ollheChurLh GènÈral ¢unr4￿￿e￿I 1.438,OZO 1.438.020 yol4lunrvslr5o￿FVryds R￿trthd Fufjd5 Endo￿￿￿￿ Pundj 1.48J.$42 TctalFunds 1.438,020 45,522 1,469h13 Truro Methodlst Church Notes to the Accounts 1 Basi5 of accounting The financial staternenls h8ve been prepared ufidei the historic cost convention, and in accordance with the 2019 version ol Accounting and Reporting by Charities.. Statement of Re¢ommended Practice ISORPI applicable to ¢harities preparing their accounts in accordance with FRS102- the Charities SORP IFRS1021 and the Charities Act2011. 2 Funds The funds held constitute". General Funds held for any purpose of the Chur¢h which are Unrestricted. Restrict8d fvnds which are held lor a narrower purpose. including those for intemal organisations. Details of each materi81 fund are disclosed in the final note to th8S8 accounts. Any funds may be represented by more than jusl cash. 3 Accounting policies Basis These accounts have been prepared on the basis ol historical cost except that investments are shown 81 their market value at the end of the year, on the accNals basis to show a true and fair view of the Church's financial position and activitl&5. Incoming Resources Income is included in the Statement of Fin8nci81 Activities ISOFAI when the Church becomes 8nlitled to the resources, and the trustees are r8asonably ￿rtain they will r8ceive the reSour￿S., and the monetary value can be measured with sufficient reliability. Resources Expended This is reoognised when a Ilability is incurred. or a constructive obligation arises. that results in the p8yment b&ing unavoidable. Liabilities are reeognised as soon as an outflow ol economic benefit is considered more likely tha not under the legal or Constructive obligation commilling the Church to pay out resources. Grants Grants made by the Church frorn its own funds are recognised in full at the lime of agreetnent or when the Chur¢h accepts that there is a legal or operational obligation lo rnake the payment. When the grant is recurrent OV8r more than one year the balanoe payable in future years 15 treated as a pmvision for luluTe commitments in the Balan sheet againsl Ihe approprisle fund, the provision being released in future years as instalrnents are paid in accordance with the originally 8greed terms. VAT Sinc& the Church is not VAT registered. all input VAT is charged with the expenses to which it ref8r8. Tangible fixed assets for use by the Church Tangible fixed assets 8re capitalised if they can be used for more than one year, and cost at leasl £1,000. The freehold prop8rty is shown at 3 professional valuation conducted on 30 January 2015. Assets under construction are not depreciated until they are brought into use. Depreciation Depreciatlon Is Chargèd as to write off the cost of the assets, Other than freehold property, over their estimated usefijl lives, as follows.. Ass8t class Fixtures. litling5 and equipm8nt Depreciation method and rate 15°A reducing balance Investment Propertles Investment properties- no property is currentty deemed to not be held for the long term purposes of the charity. Truro Methodist Church Investments Investments are valued in the balance sheet at market value at the year end. Investment incorne is included in the accounts when re￿1vable and any gains or losses on revalualion 8t the year-end are shown in the SOFA. Debtors and Prepayrnents Thes8 amounts are owed to the Church and indude payments made by Ihè church for $8rvices yet to be received. Creditors Creditors include outstanding amounts relating lo utilities. professional fees, etc. Unrestricted Restricted 2020 Total 2019 Total Donations and legacies Offerings Tax credits Donations 124,966 124,966 27,235 123,024 26,510 27,235 7,192 4,334 11,526 7,691 21,381 Legacies & grants Total 7,691 167,084 4,334 171.418 170.915 5. Other charitable income Unrestricted Restricted 2020 Total 2019 Total Fund raising Sundry Total 7,512 5,391 12.903 7,512 5,391 12,903 7,909 6,286 14,195 6. Lettings Unrestricted Restricted 2020 Total 2019 Tolal Lettings Car Park King Slurge Lease Total 16.033 35,745 10,000 16,033 35,745 10,000 22,296 35,542 10,000 61,778 61,778 67.838 7. Invastment In¢om8 Unrestricted Restricted 2020 Total 2019 Total Advance deposii funds Bank Interest Other Total 957 957 913 12 12 15 969 969 928 Truro Methodist Church 8. Internal organisatlons Unrestricted Restricted 2020 Total 2019 Total Internal Organisations Total 17.277 17,277 21,761 17,277 17,277 21,761 9. Payment lo Trustees 2019120 2018119 Payments made to Iruslees for addition21 services provided to the Church by agreement with the Church Council meeting. 7,285 6,733 Number of Trustees who were paid expenses Total amount paid in expenses 5,036 1,458 10. Fees for examination or audit of the accounts Independent examiner's or auditors. fees for reporting on the accounts Other fees leg.. advice. accountancy Servi￿$) paid to the independent examiner or auditor 929 800 2,229 1,920 11. Paid employees Staff Costs paid during the year were.. Gross wag&s, salaries and benefits in kind Employer's National Insurance costs Pension costs Total staff costs 26,440 1,850 1,587 29.877 25,145 1,709 1,508 28,362 Average number of full-time equivalent employees in the year were.. 11111 111111 111111 11 111111 11 11 llii,111 11 Truro Methodist Church 13. Investments The funds that support the various funds are held by TMCP in Trustees Interest Funds on which Interest is credited lo the accounts each month. These are regarded as medium and long term investmonls. TMCP is the legal owner and Custodian Trustee of 811 Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local anaging Trustees who are responsible for the day lo 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 policy as determined by the Methodist Conference. Analysis of investment movements Change in investment values 2019120 2018119 Carrying Imarkell value al beginning of the year Add.. additions lo investments al cost Less: disposals at carying value Nel gainlllossl on revaluation Carrying Imarketl value at end of the year Truro Methodist Church 14. Analysis of ¢urrent assets 2019120 2018119 Debtors and prepayments Prepayments 21.865 7.773 Accrued income Other debtors 1,858 Total debtors and prepaymants 23.723 7.773 Analysis of cash at bank Bank balance held in Trustees for Methodist Church Purposes 21.414 20,865 Bank balance held in Central Finance Board- Deposit Fund 109.142 108,276 Bank balance held al Lloyds TSB 30 day notice account 14.711 14,704 Bsnk balance held al Lloyds TSB Instant account 89 7,089 Bank balance held al Lloyds TSB Current account 85,304 93,309 Bank balance held al Lloyds Treasurers account Bank balance held at Lloyds Making Room Current account Sundry Accounts and Pelly Cash 13,247 12,676 Total Cash and Bank 257 323 266 788 Truro Methodist Church 15. Analysis of current liabilities and long term creditors 2019120 2018119 Trade creditors 503 A￿rua]S 6,397 10,048 Third party offerings Total Current Liabilities 6,397 10.551 16. Capital Commitments and Contingènt Liabilities Al the 31st August 2020 the Church had no capital commilmenls. No Conlingenl liabilities were identified al 31st August 2020. 17. Loans and creditors due after one year There are no loans or Creditors due after one year. 18. Detailed analysis of individual fund movemants Unrestricted funds Fund name Opening Balance Revaluation gainsllosses Closing Balance Income Expenditure Transfers General funds 1,423,774 242,052 1227,8961 90 1,438.020 Designated funds 44,973 682 1431 (901 45,522 Totals 1,468,747 242,734 1227,9391 1.483,542 Truro Methodist Church Restricted funds Revaluatio Opening Balance Transfer Fund name Income Expenditure Closing Balance gainslloss es Charities account Fundraising for TVIDVD an Fund Firecresl event Grant for TM Circuil Grant for Tables Internal Organisatio ns Totals 3,911 4,334 15,2631 2,982 559 1541 505 1,285 330 368 917 330 2,660 2,660 1,096 {541 1,042 11,225 17,277 {15,743} 12,759 21,066 21,611 21,482 21,195 Endowment Funds Fund name Opening Balance Income Expenditure Transfers Revaluation gainsllosses Closing Balance Total There were no Endowment funds held during the year. Fund oses Charities account- general monies collected lo date. Fundraising for TVIDVD- fundraising for TV screens and DVD copiers. Organ Fund - monies raised and donated for maintaining Ihe org8n. Internal Organisalions- balances generated by internal organisations. Reasons for transfer between funds Annual transfer of interest received from a Designated Trust Fund lo General Funds in line with the Church's historic adivities. Truro Methodist Church 19. Related party transactions Thi5 year- Income from related party during the Loans tol (from) related party during the Amounts owed by I (tol related party as on31. Aug-20 Name of related party Payments to related party during the year Relatlonshlp Description of transaction year year Revm Dunn- Wilson Minister Expenses 518 P Davey Church council Organist fees 7,285 T 8ersey Church Council Audio visual expenses 4,497 D Crocker Lay worker Expenses 13 J Taylor Lay worker Expenses Total 12,321 Truro Methodlst Church Last year: Income from related party during the year Payments to related party during the year Loans to I {froml related party during the year Name of related party Description of transaction Amounts owed by I Itol related party as on 31-Aug- 19 Relationship Revm Dunn- Wilson Minister Expenses 521 Minister expenses S Harris Church council 187 H Bose Church Council Minister expenses 395 J Strawford Church Council Repairs and maintenance 355 Church Council P Davey Organist fees 6.733 Total 8.191 Truro Methodist Church No.. 12104 Declarations and Scrutiny I confirm that these ac¢ruals-based accounts for the year to 31 August 2020 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees. Signature of treasurer Date..12 Name and address of treasurer . I IlT.P....￿PK[T￿&K1y MkLPNI Post Code.. Presentation to the Church trustees I confirm that the annual report and accounts for the year ended 31 August 2020 were presented to the meeting of the Church trustees held on Signature of the Chair of the meeting Name of the Chair of the meeting Date Independent Examiner's Report to the Trustees of the Truro Methodist Church Charity Number: 1131902 I report lo the trustees on my examination of the accounts of the Truro Methodist Church for the year ended 31 August 2020. Responsibilities and basis of report As the Church's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Church's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by Ihe Charity Commission under section 145(5){bl of the Act. Independent Examiner's Statement The Church's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. l Gonfirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Act,. or the accounts do not accord with the accounting records., or the accounts do not comply with Ihe applicable requirements conceming the form and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view, which is not a matter considered as part of an independent examination the trustees, annual report is not consistent with the accounts I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Darren Perry Chartered Accountant {ICAEW) Francis Clark LLP Lowin House Tregolls Road Truro TR12NA Date: 4 March 2021