Trustees. Annual Report for the period MMISSION Period start date 01 September 2023 Period end date From 31 August 2024 Section A Reference and administration details Charity name Truro Methodist Church Other names charity is known by Truro (with Tresillian) Methodist Church 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 Namo of person lor body) entitled to appoint trustee lif an Trustee name Offic8 lif any) Dates a¢ted If not for whole year Revd Mark Dunn-wilson Minister (Chair of Church Council) Truro School Chaplain Lay Worker Lay worker Lay Worker Lay Worker Lay Worker Lay Worker Church Steward Church Elected Ex officio Revd Helen Byrne Mrs Janet Tredrea Appointed 01.09.23 Ex officio Ex officio Mr David Crocker Ex officio Mrs Sue StrawFord Ex officio Ex officio Mrs Victoria Hick Mrs Karen Potts Ex officio Mrs Janet Crocker Ex officio Mr John Wallace Resigned 30.04.24 Appointed 01.05.24 Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Mr John Wallace 10 Mrs Kathleen Tinkler Church Steward Mr Ken Tinkler Church Steward 12 Mrs Hilary Boaden Mr Tim Wellings Miss Tina Buddle Church Steward Appointed 01.05.24 13 Church Steward 14 Church Steward 1&11 15 Mr Clive Brown Elected Representative Elected Representative Elected Representative Treasurer Annual Church Meeting Annual Church Meeting Annual Church Meeting Church Council 16 Mrs Linda Baines 17 Miss Sarah Carbis 18 Mr David Rabey Mrs Rita Soper Mr Steve Harris 19 Treasurer Church Council 20 Property Secretary Musical Director Church Council 21 Mr Philip Davey Mr Tim Bersey Mrs Helen Nicholson Church Council 22 Audio Visual Ministry Tresillian Representative Church Council Annual Church Meeting 23 TAR March 2012 24 Mrs Jayne Thomas Mr David Smith Mrs Beth Vincent Elected representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Mid Cornwall Circuit 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 Annual Church Meeting Annual Church Meeting Annual Church Meeting Church Council 25 26 27 Mr Ross Vincent 28 Mr Andrew Gendall 29 Mr Julian Bos8 30 Mrs Abi Bersey Mr John Flatt 31 32 Mrs Maggie Issaka Mr Stephen Nicholson Mrs Pam Carbis 33 34 Appointed 01.05.24 Appointed 01.05.24 35 Mr Nigel Baker Mr lan Street 36 37 Mr Bob Girvan Events Steward Appointed 01.05.24 Resigned 31.08.24 Resigned 31.08.24 Resigned 31.07.23 Church Council 38 39 Dr Margaret Hocking Mrs Peggy Morris Revd Aubin de Grunchy Elected Representative Elected Representative Truro School Chaplain Annual Church Meeting Annual Church Meeting Ex officio 40 Name The Trustees for Methodist Church Purposes custodian trustee Dates acted If not for whole year Names and addresses of advisers (Optional information) e of advlser Name Address Accountants Francis Clark LLP Lowin House, Tregolls Road, Truro, TR12NA Name of chief executive or names of senior staff members (Optional information) TAR March 2012 Section B Structure, governance and mana ement Description of the charity's trusts Type of governing document leg. Irusi aeea, consiiiuiii I I Act of Parliament How the charity is constituted Trust Trustee selection methods Appointed by Church Council or Annual Church Meeting (some Trustees are ex officio) Additional governance issues {Optional information) InductionlTraining'. Range of guidance provided by Methodist Connexion 'The Role of a Trustee, leaflet available to Trustees Safeguarding Training (foundation and advanced) is maintained and updated for all trustees and DBS obtained as appropriate. Equality, Diversity and Inclusion Training for Trustees and designated office holders You may choose to include additional information, where relevant, about: policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charity works., relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Structure: Part of Mid Cornwall Circuit, The Methodist Church Accountable to the Methodist Conference Risks: Property & Financial risks considered by regular Leadership Team meetings Major risks considered by Church Council Professional advice taken as required (e.g. legal advice) Adopted Safeguarding Policy, with approved Safeguarding training ro ramme Section C Ob"ectives and activities Set out in the Methodist Church Act 1976 (clause 4) - synopsis - Advancement of Religion and any charitable purpose of the Methodist Church or church organisation. (See Methodist Church Act 1976) Summary of the objects of the harily 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. To create an inclusive community where every person finds a welcome regardless of ethnicity, gender, orientation, age or physical abilities. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charily Commisslon on public benefit) The Trustees have referred to the Charity Commission guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Additional details of objectlves and activities (Optional information) Within the Methodist Church, local Churches, Circuits and Districts are not defined as (external) grant-making bodi8S. 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 to include further statements, where relevant, about.. Much of the oversight, management, and day-to-day activity of Truro Methodist Church is undertaken by volunteers (lay people). policy on grant making. policy programme related investment,. contribution made by volunteers. TAR March 2012 Section D Achievements and performance Summary of the main achievements of the charity during the year We have continued to provide pastoral, spiritual and study support for people able to meet on site and through our online platforms. Both Sunday morning services are streamed with several hundred people viewing each week from their homes in Truro and beyond through Cornwall and other parts of the UK and even the world. We have continued to operate Sambells, our community café. As is common in many fields, we have felt the reality of declining volunteer base which has put pressure on the continuing provision of this important community service. Our premises are used extensively by community groups and other organisations including various choirs, counselling groups, medical screening, conferences and seminars. An ongoing programme of maintenance to the Church's listed property to maintain its "wind and water-tight" condition, and to enhance the internal facilities and decor Providing a distribution point for surplus supermarket foodstuffs, given away free to local people Providing operational support to Truro Street Pastors Expansion of ventures for young people led by the Truro Circuit Youth Enabler Our village chapel continues to provide resources for the local community including a very effective toddler group and a community food larder We have continued to develop work with individuals and groups which encourages us to look beyond our church family to partner with the city-centre community around us, The Church has reconfirmed its commitment to being an inclusive church and to work for a fully inclusive society. We have demonstrated this through our affiliation with the Inclusive Church Network, reregistering to allow marriages of opposite sex couple and same -sex couples to take place on the promise and by continuing an eco-church agenda. We continued to plan for a major refurbishment of our premises. The project is moving forward as the 'Truro Community Hub., This project will help to address the lack of community facilities within the city. Its potential value was recognised by leaders in the community, and we were invited to apply for a grant from the Truro Town Deal Fund which is part of the government Town Deal Fund. This resulted in a grant of £952,000 to assist with our development together with match funding of £500,000 from Cornwall Council being confirmed. This, together with grants from some grant funding bodies will enable the church to proceed with the first phase of the project commencing during the 2024125 financial year with completion before the end of 2025126. Fund raisin towards the second hase will continue. 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 unrestricted expenditure (this being £124,000 in the most recent year). 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 desi nated b this olic amount to £151,500. Total unrestricted Brief statement of the charity's policy on reserves TAR March 2012 reserves of £394,000 currently exceed this level. This excess was derived from reduced expenditure on the premises which will be substantially upgraded as part of the Truro Community Hub project. Details of any funds materially in defiGIt None Further financial review details (Optional information) 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. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Revd Mark Dunn-wilson Chair of Trustees Date TAR March 2012 CHURCH ACCRUALS ACCOUNTS 2023-24 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Truro Methodist Church FOR THE YEAR ENDED 31 August 2024 Mid Cornwall 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 terms 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 Wal8S that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242) Minister.. Rev'd Mark Dunn-wilson Church Stewards.. Mr John Wallace (resigned 30.04.24) Mr Kenneth Tinkler Mrs Kathleen Tinkler Mrs Hilary Boaden (appointed 01.05.24) Mr Tim Wellings Miss Tina Buddle Treasurer.. Mr David Rabey Mrs Rita Soper Truro Methodist Church Church No 12104 Statement of Flnanclal Activlties SOFA for the ear ended 31 August 2024 Notes lo the accounts Oesignaled Funds Iunrestrlctedl General Fund (Unrestricted) Re5tri¢ted Funds Endowm8nt Funds Total 2023.24 Income 1 Offerings 2 Donations 3 Legacies and 4 Gift aid 5 Interest and investment In¢orne 6 Income from investment properties I lellings 7 Internal o anisalions 8 Oth8r charitabla in¢omo 9 Total Income 123.236 33,433 100.000 27,065 8,998 73,160 123,236 36.410 189.200 27,065 9,013 73,160 9,417 5.127 472,628 2.977 89.200 rants 9,417 5,127 371.019 15 101,594 endlture 10 Circuit assessment or share 11 Gran15 and donations 12 Properly maintenance and repalrs 13 Insuran¢e,utilit10$ etc 14 Dgpre¢ialion 15 Office expenses 16 Other expen¢Jilure 17Wa es and salaries 18 Internal organi5alions 19 Total charitable expendSlur• 116.000 7.414 15.073 42.501 13,324 116.000 10,310 15,073 44,758 13,614 2,896 2,257 290 25,211 26,056 5,151 12,066 8,056 30,716 30,362 38,122 8,056 276,295 245.579 20 Galnslllossesl on rnonela investmen15 21 Gainsl losses) on inveslrnenl roperiies 22 Nèt Incom•ll8xpondltur• 23 Transfèrs betwean lund$ 24 Other gainslllossos) 25 N•t movom•nl In fundj 125,440 15 70,878 196,333 125,440 70,878 196.333 28 Total funds brought forward 27 Total lunds carrled forward 1,505,178 1,630.618 24,403 24,418 436,368 507,246 1,965,949 2,162,282 121 Truro Methodist Church Church No 12104 Statement of Financial Activities SOFA for the year ended 31 August 2023 Notès lo the accounts Dèslgnaltrd Funds IUnr&strlct•dl General Fund IUnr&strlctgdl Reslrlcted Funds Endowment Funds Total 2022-23 Income 1 Offerings 2 Donations 3 Legacie5 and grants 4 Gift aid 5 Interest and inveslrnenl incorne 6 Income from inve51menl propertl85 I lettlngs 7 Internal organisations 8 Other charitable income 9 Total In¢omg 119,405 24,749 119,405 27,971 119,641 26.512 2,697 64,127 9,168 3,065 372,586 3,222 119,641 26,512 2,689 64,127 9.168 3,065 240,547 132,031 enditure 10 CSrcull as5e55menl or shar& 11 Grants and donations 12 Property maintenance and r8palr5 13 Insurance.ulililieg 81¢ 14 D8precialion 1 S Office expenses 16 Other axpendilurg 17 Wages and Salaries 18 Internal organi5allolls 19 Total charltabl8 gxpendStur8 115,760 7.168 13,756 32.295 14,734 115,760 9,992 13,879 32,295 14,801 2,824 123 67 23.249 24.608 8,810 5,753 9.634 27,211 32,059 30,361 9,634 258,781 231,570 20 Gainslllossesl on monelary inv9slmenls 21 Gainslllossesl on Inveslrnenl properties 22 Nel Incomellex endlture 23 Transf8r5 between funds 24 Other gainslllossasl 25 Nel movement In funds 8,977 207 104,820 201 113,805 9,184 104,619 113,805 26 Total funds brought forward 27 Total funds carrled forward 1,495,994 1,505,178 24,401 24,403 331,749 436,368 1,852,144 1,965,949 Truro Methodl¥t Church Church No 12104 Balance Sheet as at 31 August 2024 G•n•ral Fund IUnr•$trl¢l•dl D•$lgnated Fund$ IUnro$trl¢todl Endowm•nt Funds Total$ 2024 Total$ 2023 Fund• Not•• lolh• AGGount Flx•d A•s•t• Chwch b￿ld1r¥ and ts1￿( property Investment prop8rtI08 Investments 12 1.236.725 424,235 i.e80.960 1,842.736 rc*i4111¥6d a6$ots 1,236,727 424,23S 1,660.982 1,642,738 Cvrr•nl As¥•t8 0gtylor$ and prep8wmerl8 LoBng by Ihe CNxehes Inv8slmeDls wlh TMCP C8nird Flfi$n¢è BoÈrd Oepo811 Cegh al Bank ond In hand 14 10,877 378 11.255 30,513 296 79,013 228,980 346,802 297,921 97,920 297,921 204,660 24,107 82.633 Tol•l ¢urr•nt •s¥et¥ 406.718 24,418 83,011 514,147 urr•nl Ilibllltl•¥ Crgdrtors Idue In under 1 yo8rl 12.827 12.827 393,891 12,827 12,827 501,320 23.591 23,591 323.211 Nqt turrontajsels￿10blllll0S Z4.418 B3,011 rDtil•ss•ls l•¥¥ ¢wr•ftt Il•)Illt 1,830,118 24.418 507,248 2,162,282 1,91S,949 Lon8 ierm Ilabllltles due after mor¢ than an* •ar N•1 4$$4t* 1,630,618 24,418 507.246 2,162.282 1,965,949 Fundi ol th• ChurGh General FU￿ IUnie8irKl•dl 18 1.630.618 1,630.818 24.418 1,6SS,036 507.246 1.505,178 24,403 1.S29,581 436.368 24418 Tot•1 Unrulrl¢teLIFund8 R•$trkt•d Fund$ Endo￿OnI Fundi 18 507,24a Total Funds 1.6JO,618 24,418 507,246 2,162,282 1.965.949 Truro Methodist Church Notes to the Accounts 1. Basls of accountlng The financial statements have been prepared under the hislorl¢ cost conv&nlion. and In a¢¢ordance with the 2019 verslon of Aceounling and Reporting by Charities.. Statement ol Recommended Practice ISORPI applicable lo charitie5 preparing their accounts in aC￿rdanCe with FRS102- the Charities SORP IFRS1021 and the Charities Act 2011. 2. Funds The funds held conslilule.. General Fund5 held lor ally purposè of the Church which are Unrèslrlctad. R8Stricl&d funds which are held lor a narrower purpose. including those for irilern81 org8nisallons. Dglails ol each malorlal fund are disclosed in the final nole lo these accounts. Any funds may be represented by rnore than just ¢ash. 3. Accounting policies Basis Thtsstr accounts have been prgpared on Ihg basls ol hlslorical cost except that investments are shown al their market value al the end ol the ye8r, on the accruals basis lo show a true and lair view ol the Church's f1nancial position and activities. Incomlng Resources Incotne is included in the Slalemenl of Flnanclal Acllvlts'gs ISOFAI when the Church becomes entitled lo the resources. and the Iruslees are reasonably certain they will receive the resources,. and Ihe monetary valua ¢an bg maasurod with sufficlenl r91iabillty. Resources Expended This is recognised when a1Sabi1ity is incurr8d, Qr a conslru¢lSv8 obllgallon arlses, that results In the payment bglng unavoidabl8. Liabilities are recognised as 500n as an ouffiow of economic bentrfll Is consldered more Ilkely than not under the legal or conslrucllv& obli9allon cornmitting the Church lo pay out resourc85. Grants Grants made by th8 Church from Ils own funds arg rocognis8d in full al the lime of agreement or when the Church accepts that there18 leg81 or operational obligation lo m8ke the payment. Whgn the granl Is recurrent over more than one year the balance payable In future years is treated a5 a provision for lulure commllmenls In Ihg Balance She&l againsl th& appropriate fund, th• provision being released in lulure years as inslalmenls are paid in accordance wllh the originally agreed terms. VAT Since the Church 15 not VAT registered, all input VAT is ehargad wllh the expenses lo whlch11 reler3. Tanglble flxed assets for use by the Church These are capilalised if they can be used for rnore than one year 8nd individually cost al le3sl £1,000. Legal lille lo thè Iraahold Church property is held by Trustees for Melhodisl Church Purposes as cuslodlan Iruslee. In line wilh the publlshed guldancg the Ireèho1d Church property and contents were recognised in the accounts in the year ended 31 August 2014. In the absence ol delailed hlsloric records Ih¢y were included in line with a professional valuation conducted on 30 January 2015, as an approximation lo cost. Assets under construction are not depreciated until they are brought into use. Depreclatlon Depreclallon Is charged as lo wrSte off the cost ol the assets, other than Ira8hold property, over Ihelr esllm818d useful IIv98, as follows.. Asset class Flxlures. fittings and equipment Depro¢latlon m•thod and rat8 15¢A reduclng balance Investment Propertles Investment properties - no property is currently deemed lo not be held lor the long term purp05e5 of the ch8rlly. Investments Investments are valugd in Ihg balancè sh881 at market value at Ihe year end. Investrnenl income is included in the accounts when receivable and any gains or losses on revaluallon al th¢ ygar end are shown in the SOFA. Debtors and Prepayments These amoun15 are owed lo the church and Includg paymenls madè by lh8 church lor services yet lo be received. Creditors Creditors include oulslandings relating lo ulililies, lelephongs. capital Improvements 91¢. {51 Truro Methodist Church 2024 Total 2023 Total 4. Donations and legacies Unrestricted Restricted Offerings Gift Aid Donations Legacies & grants Total 123,236 27,065 33,433 100,000 283,734 123,236 119,405 27,065 26,512 36,410 27,971 189,200 119,641 375,911 293,529 2,977 89,200 92,177 2024 Total 2023 Total 5. Charitable activities Unrestricted Restricted Fund raising Sundry Total 5,127 5,127 5,127 5,127 3,065 3,065 2024 Total 2023 Total 6. Lettings Unrestricted Restricted Lettings Car Park Kin Stur Total 27,915 35,245 10,000 73,160 27,915 35,245 10,000 73,160 22,805 34,655 6,667 64,127 2024 Total 2023 Total 7. Investment income Unrestrlcted Restricted Advance deposit funds Bank interest Other Total 8,915 98 8,915 98 2,689 9,013 9,013 2,697 2024 Total 2023 Total 8. Other Unrestricted Restricted Internal organisations 9,417 9,417 9,168 Total 9,417 9,417 9,168 16) Truro Methodlst Church 9. Payrnenl to Trustees Payments made lo trustees as lay workers or for additional services provided lo the Church by agreement wth the Church Council Meeting Thls ear Last ear 18,689 7,200 Number of trustees who were paid expenses Total amount paid in expenses 4,421 3,729 10. Fees for examlnation or audit of the accounts Independent examiner'5 or auditors, lees for reporting on the accounts Other fees leg.. VAT advice, accountancy servicesl paid to thè independent examiner or auditor 1,250 1,137 3,844 9,293 11. Paid employoos Staff Costs pald durlng the year were.. Gross wages. salaries and benefits in kind Employer's National Insurance costs Pension costs Total staff costs 36.209 953 960 38,122 28,632 839 890 30,361 Average number of staff employeed durlng the year were: 171 Truro MÈthodl$t Church 12. Tan8ible Fixed Assets Cost or valuation Payments on account and assets under construrtlon Flxtures, flttlngs and equipment Churches Manses Other Bulldlnqs Total Balance brought forward 1,100,000 428.821 458,872 1,987,693 Additions 6,881 24,957 31.838 Revaluations l+/-I Disposals {.} Transfers ' l+l.I Balance carrled fonvard 1,100,000 435.702 483,829 2,019.531 A¢¢umulated depreclatlon Balance brou8ht forward 344,957 344,957 Depreciation charge for year l-l 13,614 13,614 Revaluations 1+1.) Disp05als 1.> Transfers. l+l-I Balance carrled forward Net book value 358,571 358,571 Brought forward I,100,cxJo 83,864 458,872 1,642.736 Carrled forward I,ioo,000 77,131 483,829 1,660,960 181 Truro Methodlst Church 13. Investments The funds 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. Analysis of investment movements This year Prev year Change in investment values Carr market value at be innin Add: additions to investmenls at cost Less: disposals at carrying value Net gainl(loss) on revaluation Carr market value at end of ear ear {9) Truro Methodlst Chur¢h 14. Analysls of currènt assets This year Last year Dèbtors and prapayments Prepayments 10,081 38.341 Other debtors 1,174 172 Total debtors and prepayments 11,255 38,513 Analysls of cash at bank Bank balance held in Trust88s for Methodist Church Purposès 311 296 Bank balanc& held in Central Financ8 Board D8posII Fund 297,921 79,013 Bank balance held at Lloyds TS8 30 day noticè account 7,211 7,121 Bank balance held at Lloyds TSB Instant account Bank balance held 81 Lloyds TSB Current account 72,124 124,869 Bank balances held at Lloyds Treasurers accounts 750 1.000 Bank balance held al Lloyds Tfuro Community Hub Current acGounl 111.261 84.118 Sundry Accounts and Petty Cash 13,314 11,872 Total Cash and Bank 502,892 308,289 15. Analysls of Current Ilabllltlos and long temi creditors Trad8 Creditors 3,854 13,768 Accruals and provlsions 5,640 6,490 D8ferr8d income 3,333 3,333 Total Current Llabllities 12,827 23,591 16. Capltal commltments and contlngent liabilltles Al the 31st August 2024 the Church has no capi181 commilmenls. No Conting8nl liabili118s were identified al 31 sl August 2024. iioi Truro Methodist Church 17. Loans and creditors due after one year There are no loans or creditors due after one year. 18. Detailed analysis of individual fund movements Unrestricted Funds Fund Name Opening Balance Income Expenditure Transfers Revaluation galnsl1055e5 Closing Balance 1,630,618 24,418 1,655,036 General Fund Oesignated Fund 1,505,178 24,403 1,529,581 371,019 15 245,579 Totals 371,034 245,579 Re5trlcted Funds Fund Name Opening Balance 1,622 387 Income Expenditure Transfers Revaluatlon 8aSn5/losses Closing Balance 1,703 358 Charities account Fundraising for TVIDVD Organ Fund Firecresl event Grant for TM Circuit Grant for Tables Intérnal organisations Reslricled Salary donations The Hub The Hub Staff costs Support Staff costs Faith on fool 2,977 2,896 29 330 2,660 923 12,744 4,359 395,456 17,887.00 330 603 200 2,257 29 8,056 4,359 894 14,105 9,417 47,000 20,000 20,000 2,000 101,594 442,456 30,180 16,617 7,707 3,383 2,000 30,716 Totals 436,368 507,246 Endowment Funds Fund Name Openln8 Balance Income Expenditure Transfers Revaluation gainsllosses Closing Balance Totals There were no Endowment funds held during the year. Fund ur oses Charities account- general monies collected to date. Fundraising for TVIDVD - fundraising for TV screen5 and DVD copiers. Organ Fund monies raised and donated for maintaining the organ. Internal Organisalions- balances generated by internal organisalions. The Hub - grants and funding towards th8 Truro Community Hub. Includes capitalised expenditure in fixed assets on professional fees and planning application work. The Hub Staff Costs - To fund staff costs relating to the Hub. Support Staff costs- To fund specific staff costs. Iiii Truro Methodist Church 19. Related party transactions Thls year Income from related party durin8 the year Payment5 to related party during the year Loans to/ (from) related party during the year Amounts owed bv I {tol related party ason 31-Aug-2024 Name of related party Relatlonshlp De5crlption of transaction M Dunn-wilson Reverend Ministers 1,054 ex enses Repairs and renewa15 S Harris Church Council 243 P Davey Church Council Organist fees 7,200 D Crocker Lay worker Lay worker Lay worker Lay worker Expenses Salary Expenses Salary 2,661 4,326 56 D Crocker R Soper R Soper 7, 163 T 8uddle Church Steward Donation 250 J Tredrea Total Lay worker Expenses 156 23,109 Last year Income from related party durlng the year Loans to I Ifrom} related party durlng the year Amounts owed by I Itol related partyason 31-Aug-2023 Payments to related party durin8 the year Name of related party Relatlon5hlp Description of transaction S Harrls Church Council Repairs and renewals 275 P Davey Church Council Or8anist fees Repairs and renewals Expenses 7,200 T Bersey Church Council 128 D Crocker Lay worker 3,326 Total 8,000 10,929 2024 2023 Total arnount of donations received from Trustee5 Wlthout conditions 29,516 32,663 1121 Truro Methodist Church No: 12104 Declarations and Scrutiny I confirm that these accruals-based accounts for the year lo 31 August 2024 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees. Signatur6 of treasurer Dale.. .IL,.(>.I:l£ LKI'l 14TQ h P14krMfiNT¥ Name and address of treasurer Post Code... Presentatlon to the Church trustees I confirm that the annual report and accounts for the year ended 31 August 2024 w8re presenl8d lo the meeting of the Church trustees held on Signature of the Chair of the meeting Name of the Chair of the meeting .H*hK....g.FJ!wM- I