Trustees. Annual Report for the period Period start dale 01 September 2024 Period end dale 31 From August 2025 Section A Reference and administration details Charity name Truro M8thodist Church other names charity is known by Truro (wlth Tresillian) Methodlst Church Registered charlty number (if any) 1131902 Charity's principal address Union Place Truro Cornwall Postcode TR11EP Names of the charity trustees who manage the charity Name of person lor bodyl entltlgd to appolnt truBte8 Ilf an Tru8te8 name Offlce Ilf any) Dates acted 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 Elected Ex officio Revd Helen Byme Mrs Janet Tredrea Mr David Crocker Mrs Sue Strawford Mrs Victoria Hick Ex officio Ex officio Ex officio Ex officio Ex officio Ex officio Mrs Karen Potts Mrs Janet Crocker Ex officio Mr John Wallace 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 10 Mrs Kathleen Tinkler Church Steward to 30104125 Mr Ken Tinkler Church Steward to 30104125 12 Mrs Hilary Boaden Mr Tim Wellings iss Tina Buddle Mr Steve Lilller Mrs Susan Littler Church Steward 13 Church Slew8rd 14 Church Steward 15 Church Steward from 01105125 16 Church Steward from 01105125 17 Mrs Jo Harris Mr Ken Tinkler Church Steward from 01105125 18 Church elected from 01105125 from 01105125 19 Mrs Kathleen Tinkler Church elected 20 Miss S8rah Carbis Elected Representative Treasurer to 30104125 21 Mr David Rabey Mrs Rita Soper Mr Steve Harris 22 Treasurer Church Council Church Council 23 Property Secretary Musical Director 24 Mr Philip Davey Church Council TAR Mar¢h 2012
25 26 Mr Tim Bersey Mrs Helen Nicholson Mrs Jayne Thomas Mr Andrew Gendall Audio Visual Ministry Tresillian Represenlalive Circuit representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Elected Representative Events Steward Church Elected Church Council Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual ChurGh Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Church Council Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting Annual Church Meeting 27 28 29 Mrs Abi Bersey Mr John Flatt to 31108125 to 31108125 30 31 Mrs Maggie Issaka Mr Slephen Nicholson Mrs Pam Carbis 32 33 Mr Nigel Baker Mr Bob Girvan Mr Ross Vincent 35 36 10 31.08.25 37 Mr Julian Bose Mr David Smith Church Elected to 31.08.25 38 Church Elected Church Elected to 31.08.23 10 31.08.25 39 Mrs Beth Vincent 40 Mr lan Street Circuit representative to 31.08.25 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 adviser Name Address Accountants Francis Clark LLP Lowin Hous8, Tregolls Road, Truro, TR12NA Vivian House, Newham Road, Truro, TR12DP Auditor TC Lang Bennetts Accountants Truro Name of Chief executive or names of senior staff members (Optlonal infomiationl Revd Mark Dunn-wilson Minister and Chair of Trustees TAR March 2012
Section B Structure, overnance and mana ement Description of the charity's trusts Type of governing document Act of Parliament How the charity is constituted Trust Trustee selection methods Appoinled by Church Council or Annual Church Meeting (some Twstees are ex officio) Additional governance issues (Optional information) lnduc1ionraInIng'. Rango of guidance provided by Methodist Connexion 'The Role of a Trustee, leaflet available lo Trustees Safeguarding Training (foundalion and advanced) is maintained and updated for all Injstees and DBS obtained as appropriate. Equality, Diversity and Inclusion Training for Trustees and designated office holders You may choose lo include additional information, where relevant, about: policies and procedures adopted for the inducliorn and training of trustees., the charity's organisational structure and any wider nelwork with which the charity works., relationship wilh any related part18S'. trustees, consideration of major risks and the system and procedures to manage them. Structuré.. Part of Mid Cornwall Circuit, The Methodist Church Accountable to the Melhodlst Conference Risks: Propety & Financial risks considered by regular Leadership Team meetings Major risks considered by Church Council Professional advice taken 8s required {e.g. legal advice) Adopted Safeguarding Policy, with approved Safeguarding tralnlng ro ramme Section C Ob'ectives and activities Sel out in the Methodist Church Act 1976 (clause 4)- synopsis - Advancement of Religion and any charitable purpose of the Methodist Church or church organisation. (Se8 Methodist Church Act 1976) Summary of the objects of the charity set out in its governing document TAR Mar¢h 2012
To Serve the communities of Truro and Tresillian through religious. social, and splritual activities for a full range of people. To provide a safe place for mutual support and development where each person can achleve thelr full God%lven potenllal. To promote, through teaching and discussion, the principles and lifestyle of the Chrislian fallh. To create an inclusNe MMunity where every person finds a welcome regardless of ethnicily, gender, orfentation, age or physical abilities. Summary of the rnain actlvltles undertaken for tho 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 Charity Commission on public benefit) The Trustees have referred to the Charity Commission guidance on public benefit when revlewlng our aims and objectives and in planning our future activities. Additional details of objectlves and actlvltles {Optional information) Within the Methodist Church. local Churches. Circuits and Districts are not defined a5 {extem81) grant-making bodies. Funds. in excess of those required for the general operation of Truro Methodist Church, are invested with the Centr81 Finance Board of the Methodist Church. You may ¢hoose to include further statements, where relevant, about- policy on grant making., policy programme related investment., conlribution made by volunleers. Much of the oversight, management, and day-to4ay aclivlty of Truro Methodist Church is undertaken by volunteers (lay people) most of whom are Trustees. These are David Crocker, Jan81 Crocker, Janet Tredrea. Steve Harris. David Rabey, Rila Soper. TAR March 2012
Section D Achievements and performance We have continued lo provide pastoral. spiritual and study support for people able to meet on site and through our online plattorms. Both Sunday morning services are streamed with several hundred people vSewing each w66k from their homes in Truro and beyond through Comwall and other parts ofthe UK and even the world. We have continued to operate Sambells. our community cafa. As is common in many fields, we have fell the realily of declining volunteer base which has pul pressure on the continuing provision of this important community servic8. Our premises are us&d extensively by community groups and other organisations including various choirs, counselling groups, medical screening, conferences and seminars. An ongoing programme of maintenance to Ihe Church's listed propety to malntain its 1nd and water-tight. conditlon, and to enhance the internal facililies and decor Providing a distribution point for surplus supemiarket foodstuffs, given away free to local people Providing operallonal support to Truro Strèèt Pastors Expansion of ventures for young people led by the Mid CornwaS1 Circuit Youth Enabler Our village chapel Continues to provi(le resources for the local community including 8 very effective toddler group and a mmunity food larder We have continued to develop work with individuals and groups which encourages us to look beyond our church family to partn8r with the city-centre community around us. The Church has reconfimied its commitment to being an inclusive church and to work for a fully inclusive society. We have demonstraled this through our affiliation wlth the Incluslve Church Network, reregistering to allow marriag8s of opposite sex couple and same -sex couples to take place on the promise and by contlnulng an eco-church agenda. We continued to plan for a major refvrbishment of our premlses. The project is moving forward 8S 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 Fund which is part of the government Towns Fund. This resulted in a grant of £952,000 to assist with our developmenl being confimied during tha year. We continued to navigale a funding gap and the technicaliti85 of legal implications for the Hub project. Most outstanding issues had been resolved before the end of the ye8r with a view to starting conslruction In Autumn 2025. Mosl of the funding for tho project was received during the year and will be expended in 2025126 and 2026127. Summary of the main achievements of the charity during the year Section E Financial review The principal funding source for the Church is offerings and donations. Funds carried forward al the year-end total £3,541.563 of whi¢h £1,897,152 is restricted. There are no materlal designatsd funds. Brief statement of the charlty's pollcy on reserves In order to provide the prospect of reasonable financial security to the Church and the Circuit oin forward the Church Council has TAR March 2012
aged to hold in reserve the equivalent of 6 months unrestrlcted expenditure (this being £144,000 in th8 most recent year). In addltlon, In accordance with RICS guldelines, we seek to build up a reserve equivalent to 2.5Yo of the capital value of the buildings (this being £50,000 in the most recent year). The Reserves funds designated by this policy amount to £194,000. Total unrestricted free reserves of £393,000 cUentlY exceed this level. This excess was derived from reduced expenditure on the premises which will be substantially upgradad as part of th8 Truro Community Hub Details of any funds materially in deficit None Further financial review details {Optional infomiation) 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 adopled. The pay of contracted staff is reviewed each year. The annual Methodist Conference sets a percentage increase for presbyteral siaff and it is our practice to follow this guideline for lay staff. The Methodist Church requires all staff to be paid al least the Real Living Wage. Truro Methodist Church exceeds this for each employee. Sambells {Truro) Ltd is a subsidiary company which trades on the premises. It exists to operate 8 small community café in the church entrance area. The directors are members of the church. Those who operate the seNice are all volunteers. The accounts are audited and lodged with Companies House. Any year end surplus is Iransferred to church funds. Section F other optional information Truro Methodist Church will continue to provide services lo the community of Truro in future years. These include regular worship services, learning opportunities. space for concerts and conferences. refreshments through Sambells Café and community lunches each Thursday. The completion of the Truro Community Hub in early 2027 will enable these services lo be enhanced. We will continue lo work with a range of charities and intend lo work with more. The Truro Community Hub will become known as Kemeneth- Cornish for community. Section G Declaration The trusto¢s doclare that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Signaturelsl Full namelsl Posltlon (eg Secretary, Chair. etc) Revd Mark Dunn-wilson Chair of Trustees Date TAR March 2012
CHURCH ACCRUALS ACCOUNTS 2024-25 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Truro Methodist Church FOR THE YEAR ENDED 31 August 2025 Mid Cornwall Circuit Circuit no 12104 Registered Charity- Charity Registration number 1131902 If not a registered charity Her MaJesty'$ Revenue and Customs Glft Ald number (The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used lo give lo donors or grant funders wishing lo see evider¢ce of the organisalion's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242) Minister.. Rev'd Mark Dunn-wilson Church Stewards: Mr Steve Littler (from 01.05.2025) Mr Kenneth Tinkler Mrs Kathleen Tinkler Mrs Hilary Boaden Mr Tim Wellings Miss Tina Buddle Mrs Susan Lilller (from 01.05.20251 Mrs Jo Harris {from 01.05.2025) Treasurer- Mr David Rabey Mrs Rita Soper
Truro Melhodisl Church Church Nts 12104 statement of Financial Activities {SOFA) for the year ended 31 August 2025 ot¢$ to tho accounts es gnate Fund5 Goneral Fund Re5trlGted Funds Endowment Funds Total 202425 Income 1 Offe 2 Donalrons 3 LegaGles and 4 Gift aid 5 Interest and Investment Income 6 Income from investment propere$ I lelllngs 7 Intemal organisalK)ns 8 Other Gharitable income 9 Total In¢om• 127,447 38.814 127,447 41.013 1.405.070 26,866 31.392 69,427 8,594 4,854 1.716,663 2,199 1,405,070 28,866 31,378 69.427 14 8.594 4.854 300,786 14 1,415,863 Ex enditure 10 Circuit gssessmenl or share 11 Grant$ and donations 12 Pro Maintenan and ra 121.8QO 5,116 51,881 35,658 15.720 121,600 7,195 51,BB1 36,261 15.964 2,079 airs 603 244 14 08pr*¢iaiion 15 Office expenses 16 Other expendllure 17Wa es and salaries 12 12 52.465 28,785 1.695 12.711 8.625 25.957 54,160 41,496 8,625 337,382 12 19 Total charftable expendlture 311.425 20 Gain51llos5&sI on monelary investments 21 Gains1 losse51 on inve51tll8nl erbes 22 Not In¢om8118xponditu 23 Transfers betwe£Tr funds 24 Olhergainslllossesl 25 Not movqment In funds 10,639 24,107 14 24,107 1.389,906 1.379,2BI 24,093 1.389,906 1.379.241 26 Total funds brou9hl forward 27 Total funds carrfed forward 1,830,618 1,844,086 24,418 325 507,246 1,897.152 2.162.282 3,541,563
TTuro Methodist Church Church No IV04 Statement of Financial Activitles (SOFA) for the year endod 31 August 2024 oteB to the account8 Deslgnated Funds IUnr8strl¢tedl General Fund IUnr8strl¢todl ReslThcted Funds Endowment Funds Total 2023.24 Income 1 offe 2 DonatnS 3 Legacles and grants 4 Giftai 5 Interest and Inveslrn8nl Income 6 Income from loveslmenl propereS I leltin 123.236 33.433 1,000 27.065 8.998 73.160 123,236 36,410 189.200 27.065 9,013 73.160 9,417 5,127 472,62B 2,977 89,200 9,417 8 Othercharitable income 9 Total Income S.127 371.919 15 101,S94 Ex endlturè 10 Cir¢ull assessrnenl or share 11 Grafils and donations 12 Prope tnainlenance and rèpaits 13 Insur8nce.utslilie$ etc 14De etxalio 15 Otfice expenses 16 other8xnd11Ure 17 Wage5 and salaries 116.ODO 7.414 15.073 42.501 13.324 116,000 10,310 15,073 44,756 13.614 2,B96 2,257 290 25.211 26.056 30,362 3B,122 8,056 276.29$ 12,066 8,056 30.716 19 Total charftablè exppndltur 245,579 20 Gainslllos588 21 Gainsll105ses on mDnelary I¥StMents on inveslrn8nl rop£rbes 22 Net inGornel expenditur 23 Tr8n$f¢rs betrNeen funds 24 Other galnslllos$esl 25 Net movement In fund6 125,440 15 70,87B 196.333 125,440 15 70,876 196,333 26 Total fun(Is brought foard 27 Totsl hjnds carrfed forward 1.505.178 1,630,618 24,403 24,418 436.268 507,246 1.965.949 2,162,282
Twro Methodlst Chureh Church No 12104 Balance Sheet as at 31 August 2025 <5?neI Fund De¥lgnthd Fun R•strlct•d FLd¥ EndowrAèni Funth Yota12U25 Ttitsl Not4Stot Ae¢wn Flxpd At1 ChUrchb1r0 arrthrp lThve51mprtpropBths l.Zg).2ZO 752,078 2.W2,298 1,250.2 752.078 2,2.)00 1.66Q9fj2 ¢Wr9tA0 Oobtors pr81% LogrÉ Invesknentsvrith TMCP FIn¢ DWit9 CAshalBarthÉnd 12,2 I2.W) 325 679,9 870,892 1.$6l755 15 15 35D,911 49.486 412.697 328.327 821,406 1.149.733 297.921 2U4.6fj0 514,147 In l )wl 16 18.833 4,ESg 4.659 1.145.074 .492 23.4>2 1,9.2 12,82Y J.È84 325 Tot•liss•tsloss curr•ntlliblllll 1.614,086 325 1.897,152 1541,58a 2.162.2B2 IduB afterrnur8 than on Nelassots 1,644,086 325 1,897,152 3,541.5fj3 2.162.282 Funda of Ih•¢hur¢h Gpnerzl luwe5cted) Deseted Furth Iunresknctsdl rot41UnrnslrfctodFunds 1,6U.DB6 1,644.086 1.830,ei8 24.418 1.65&036 )7.246 325 1.6M.411 1.897.152 1,B97.1S? TotalFunds 1,844,068 325 1,897,152 3,541,563 2,162,282 Th8sèflnBnelAlstgtamAni$wgie 9Uthorlsedbythg B¢£rdofTrue#8on............................... und kiBsignedonth8lrb8h•Vby. M&tkDunTrWilsan, Tn
Truro Melhodlstchurch Church No CB5hftow5t4ternentforthq yqlrendqd31Aust2O2s 2025 Staternentolashflows Note Cash frarn operatTnE artlvltlÈ L373N73 217,424 5hflowsfrom In$15$0ttmfIeS Dlvidend5.lfitere5t rentsfrDm Inve5tmEnts pUhase Df pTopertYrplant Equipment 3L392 1357.3011 9,013 Netcishptov1d bylnvkStln44dlvttla5 1325.9101 122,8251 rash nowstromWnancln¥aCt1¥s NetcashusedlnflMnclnB brt115 Chinjq In c15h ind cash qqulvil•ntslnthB rnportlrllld I.04763 502.892 I50,455 194.603 308.289 502,892 C45h and c45h equly¥lent54tth8 and of the repDrtln¥pÉrlod 2025 2024 Reconc1110 of et IncornBto n•tCa5hthwfrarn operan attlvllle L379,281 196.333 AdlustrnÈnts lor. Depreciation and aMDrt1tIOn charge5 Dividends, int2restand rEntsfrom InYe5tments 15,964 13L3921 11.0451 10,665 13.614 Is 16 27.2S8 110,7641 Neteash usedlntyel4t1ractIvè5 374473 217N18 2025 2024 Analysli otrash andcash Cash In hand Total (ashand (ash e4ul¥aletttS ulvalent L550,4S5 1,55Tr,455 $02.892 SOLBYZ
Truro Mothodi5t Church Not•s to thè Accounts 1. Basis of accounting Th8 financial statements hgve been prepgred un¢Jer the hk%lorfc costconvention. and In accordance th the 2019 version of AcrA)unting and R6POrtlng by Chariliès.. Slalement of Recomtngnded PraclKe ISORPI AppllGgb18 to thgrille5 prepartng thelr8rtounts In accordance wrfh FRS102- the Charitie5 SORP IFRS1021 and the Ch8rtlles Act 2011. Th6 finan¢lal statsTnents are presellled in pounds 518rfing and rounded lo the nearest£ 2. Fund$ The funds hekl consblute.. Generdl Funds held for any purpose of the Chur¢h whlch are Unrestrt¢l8d. Restricted fvnds whkh arè hgld for a na0r puwose, Including IhDS8 for inlemal Drganisation6. Details of eath tnalerial fund are disc1058d in the final note lo trese accounts. AnyfundB may b8 represented bymore Ihenju51 cash. 3. Accountlng pollcles Basls Thege aceounls h8v8 been propared on the basls of hlstorfcal ¢o$textspl thai Invesknents are shown al their market value al the end of the ye8r. on the aal8 bas15 to shDW a true and fairview of the Church's finanoal positn and activilre5. The charity has one subsidiary. A sub$ldlary 1$ an enllty¢ontrolled by the charity. Cofilrol 1$ achieved Ylhert Ihtr Gharity has the powerto govern Ihe financlal and oparaling poli¢ies of an anlity $0 as to obtain benefits from it5 aGtivilie5. Consolidated financial slalernenls have llot been drown up on Iha b9$ that the $ub$idiary Is wnmaterkS 1¢ ¢harlty. The $ubsldl8ry has en treated as an inve51m8nl and 15 reported al cost. Going Concern The Irustses ¢onslder th81 Ihere 8re no malerfal uncertanligs aboultha charws ablllty to ntInue as a golng conG8tn, havlng considered a period of at18ast 12 months from the date of approval ofihe finanal slgtements. Incoming Resources Income is included in the Slalemenl of FinancialAclKvilies ISOFAI when the Church be¢om8¥ tntilled lo 188ources, and th8 Iru518es are reasonably¢ertaln Ih8yvAII recelv8 Ihe rosour¢8s'. and monBtsryvalue can bB Tn8asured wllh sufficlenl r8lkgblllty. Resources Expended This is recognised when a liabllltyls Incurred, or8 constmdve obl[g¥u arlses. that resullg the payfflenl being unavoidab. Ll8bililie8 are recognised as soon as an outnow of economic benefit is considered tnore likdy than not under the koal or¢onslrucllve obligation coTnmitting the Church lo pay out resources. Grants Gronts made bythe ehur¢h from 11$ own fvnds are rwnlsed In fiJll ai tha ofagrBementorwhen the Cfrurch accep15 that there i 189al or operational obligation lo make the payment. Whell the gr8nt is recurrent over more than one year th8 b8n¢t payable in future years 15 Irealed as a provlslon for future commllmenls In tha Balan¢6 she aoalnsi th8 appropriate fund, th8 prov15ion bdng relegsed In fuiure years as instalfflents 318 paid in accordance with the ollglnally 8greed lemis. VAT Since Ihe Church 15 not VAT gIStered. 911 inputVAT is charged Trmlh the expenge9 to whkh11 refers. Tanglble flxed a55ets for use by the Church These aro capitalised rflhey can b8 us£d for more than ona yegr and individually cost al le391£1,000. Legal liNe to tho fr8Bhold Church propertyis hekj byTrustees for Methodisl Church PUrSe8 as ¢u$lodlan Irusieo. In Iln$ with Ihg published guidance the fre£hDld Church propety and contents were recognised In th6 accounts in th8 ended 31 August 2014. In the Bbsence of detgiled historic re¢ords they sv8re inGlud8d in line with a profe5SK)nal valuation conducted on 30 January2015, as an appr0mall0Th lo ¢osl. Ass915 under construction are noldeprecialed until they are broughl Into usg. D&pMelatlon Doprecialion Is Charyed as lo wrilg off the costof th9 aGsels, offterthan freehold properly. over theire51imated useful IlYa8. as follows.. Freehold property 1$ not depreciated IhB trustees are exercising a level of 51ewardship over the buildings whsre regul8rr8p8lrs and maintenance are mainlaining th8 buildiny5 to such a standard Ihatthe expected useful life Is 80 long. ft Is indelennlnabl&. Any depreciation ¥voukl therefore be negligible Assat class FIU[eS. fittings alld equiprn9nl Depreclatlon method and rat0 15% reducing b818nce Investment Propertl&s Investment properbes- no property Is currenlly deemed to not be behy for the lorvJ term purpos8s of thtr Eharity. Investm•nts Invesimenls are valued in thè balanc8 sheet al Gost at the year enij. Inve51ment IMe i¥ included In the accounts when recelv8ble and any gains or losse5 on revalualK)n 91 the year end are shown Sn the SOF Debtors and Prepayments These amouTris Ère owed Its Ihe church and iDcludg payTDellls mad8 bylhe thurch for Ser¥eS yel lo be rBcefved. DÈblors arts reco9nised when Incurred and m&asui8d ai Iransa¢iion wce. Creditors Creditors include ou151anding5 relating to ulililtes, telephones. capital improvèmBnls elG and ar8 recoynised when incurre¢. Credltots 8f8 measured al transadion prica. 12
Truro Methodist Church 2025 Total 2024 Total 4. Donations and legacies Unroslricted Restricted Offerings Gift Aid Donations aGies & Total 127,447 28,866 38,814 127,447 123,236 28,866 27,065 2,199 41,013 36,410 1,405,070 1,405,070 189,200 195,127 1,407,269 1,602,396 375,911 rants 2025 Total 2024 Total 5. Charitable activities Unrestricted Restricted Fund raising Sund Total 4,854 4.854 5,127 5,127 4.854 2025 Total 2024 Total 6. Lettlngs Unrestricted Restricted Lettings Car Park Kin Stur Total 33,672 25,755 10,000 69,427 33,672 25,755 10,000 69,427 27,915 35,245 10,000 73,160 2025 Total 2024 Total 7. Investment income Unrestricted Restricted Advance deposit funds Bank interest other Totsl 31.317 75 31,317 75 8,915 98 31.392 31,392 9,013 2025 Total 2024 Total 8. Other Unrestricted Restricted Internal organisations 8.594 8,594 9,417 Total 8,594 8,594 9,417 13
Truro Method15t Church 9. PayrnBnt to Trn6tees Th18 yO8f Last y8ar Paytnents tnade lo ItUStees as lay yrkerS or ft)r additnal seTViCBS provided to the GhurGh by agreement th the Church Councll Meellng 14.850 18.689 Numberof Irus1885 who were paid 8xp8n58S Totsl 8rnount paid in expenses 2,155 4,421 10. F805 for 8xamlnatlon or audlt of th8 accounts Indtptndtrnt examln8r'8 or auditors, feés for reporflng on th8 accounts Olhor feas le9.. VAT advlc8. ac¢oun18ncy servlce$l p8ld to the independent exeminerorguditor 11,500 1,250 13,813 3,844 11. Pald èmploy8es Staff Costs paid during the yearwtrè.. Gross wages. sa18rfes an(1 benefit5 in knnd 38.881 1.590 1.025 41,496 36.209 953 960 38,122 Employerfs National Inyur8nce costs Pension costs Total staff )sts Average nurnber of staff ernployed during the yearwer•'. Th& key management personnel are deemed to be the trustee5. Paymèt)t$ mado to tho trust8e8 are Outllned In note 9 above. No employ808 r6¢8lvod b8nefflt8 over £60.000 12. Expendlturo by actlvlty Actlvlty Support ¢08t8 Total 2025 ndgrtaktrn directl 121.800 7.195 51.881 8.625 189.501 2024 Cirojil share 8nd churth activity Grants Property rnBintengnce Intemal organisations Total ¢harltsblo O¢t4vltyexp0ndlturo 95.656 217,456 7,195 104,106 8,625 337,382 116,0 10.310 73.445 8.056 207,811 52.225 147.881 Support Costs= Basls of allocatlDn Time spent By usag8 Governance CO8t8 33,374 Estab115hment ost8 1,954 52,225 54.179 Adrnin costs 11.632 Total 2025 HR costs 48,696 Circuit shar8 and church activity Property tnaintenancè Total support CO8t8 95,656 52,225 147.881 33.374 48.696 11.632 14
Trura Meth4dlstChur(h 13. Tanglble Flxèd Assets C05t or valuation Payments on account and a55et5 under nstructlon Flxtures. ffttlng5and equlpment thurches Manses other Bulldlnqs Total Balance brou£htforward I,ify),000 435,702 483,829 2,019,53J 29,303 327,999 357,302 Transfer5"1+1-1 Balancè carrled forward Lioo.000 465.005 Bll.828 2.376.833 A¢¢urnulated depreciation Balance broughtforward 358,571 358.571 Deprecia0Th Charge foryear l-l 15,964 15.964 Trallsfers'1+1_I B3lan¢e (wrrledforward Net bDok value 374.535 a74.535 8rought forward I,l(M).000 77,131 483,829 L660,960 Caffled forward loo,000 9D,470 Bll,818 Z,OOll98
Truro Methodlst Church 14. Investment In subsldlary Truro Methodist Church holds the entire share capital of it's wholly-owned trading subsidiary, Sambells (Trurol Limited. The investment consists of 2 ordinary £1 shares, which are held at cost. The subsidiary's principal activity during the year is the provision of te88, coffee and snacks in the foyer of Truro Methodist Church. Truro Methodist Church has no commitment lo provide financial support lo the subsidiary beyond the value of its share capital. Analysis of investment movements Thi$ year Prev year Change in investment values Cost al be innin Add.. additions to investments al cost Less: dis osals 8t car in value Net ainl loss on revaluation Cost al end of ear ear 16
Trnro Methodlst Church 15. Analysls of Current asset$ This year Last year Debtors and prepayments Prepayments 10,310 10,081 Other debiors 1,990 1,174 Total Ileblors and prePaents 12.300 11.255 Analys1$ ol ¢ash at bank Bank balance held in Tru8t888 for Methodlst Church Purposes 325 311 Bank balance held In Central FSnanee 808rd- Deposit Fund 679,238 297.921 Bank b81anc8 h81d at Lloyds TSB 30 day noti account 694 7,211 Bank balance held at Lloyd5 TSB Current account 86,464 72,124 Bank balances h81d al Lloyd8 Tr8asurers acunt$ 1,525 750 Bank balance held at Lloyds Truro Comrnunity Hub Curr8nt account 768,806 111.261 Sundry A¢counts and Petty Cash 13,403 13,314 Total Cash and Bank 1,550.455 502.892 16. Analy818 of current Ilabllltle$ and long term credltors Trade Credltor5 3,854 Aecruals and provisions 20,159 5,640 Deferred income 3.333 3,333 Total Current Llabillties 23.492 12.827 17. ¢apltal ¢omml¢ments and contlngent Ilabllltle5 At the 318t August 2025 the Church has no capital commitments. No Contingent liabilities were identffied at 315t August 2025. 17
Truro Methodlst Church 18. Loans and creditors due after one year There are no loans or creditors due after one year. 19. Detalled analysls of Indlvldual fund movements Unrestrlrted Funds Fund Name Opening Balance 1,630,618 24,418 1.655,036 Income Expendlture Transfers Revaluatlon gainsl105ses CloslnE Balance 1,644.086 325 1,644,411 General Fund Deslgnated Fund 300,786 14 311,425 24,107 24,107 Totals 300.800 311,425 Restricted Funds Fund Name Opening Balance 1,703 358 330 603 894 14.105 442,456 30,180 16,617 507.246 Income Expenditure Transfers Revaluatlon galnsllosses Closlng Balance 1,823 335 Chaiities account Fundraising for TVItIVD Firecrest event Grant for TM Circuit Grant for Tables Intemal organisation5 The Hub The Hub Staff e05ts Support Staff cos 2,199 2,079 23 330 603 24 8.625 510.00 7.911 6.182 25.957 870 14,074 1.847.016 22,269 10.435 1,897,152 8.594 1,405,070 Totals 1,415,863 Endowrnent Funds Fund Name Opening Balance Income Expenditure Transfers Revaluation 8ainsllosses Closlng Balance Totals There were no Endowtnenl fund5 held during the year. Tran5fer5 weFe made to reclassify funds on which desi£natlons were removed. Fund Charities account- general monies collecied to date. Fundraising lor TVIDVD- fundrailing for TV screens and DVD copiers. Iniernal Oroanisations- balances g8nerated by internal organi5ations. The Hub- granis and funding toward5 the Truro Communlly Hub. Includes ¢apitalised expenditure in fixed assets on professional f88s and planning applic8tion work. The Hub Staff C05ts- To fund staff c05t5 Felating to the Hub. Support Staff ¢osts- To fund specific staff costs. ur oses 18
Truro Methodist Lthurch 20. Related party transactlons Tb1$ year Incomefrom related pa¥ty durfni the Payments to related party durlnathe year Loan5to I (from) rtl•ted partydurlng the year Amount5 wÈdbyl Name of relaied parry Relatlonshlp Des¢rlptlon of tr•nsactlon party as on 31-Au8-ZOZ5 S Harris Church Council Repairs and renewals 523 P Davey Church Council Or£ani5t fee5 7,200 O Crocker Layworker yworker Layworker Expense5 Salary Expenses 1,485 7,650 ft Soper J Tredrea Total 147 I705 Last year Income from related party durlngthe year Payments to related Amounts owed by I Itol related party as on 31-Aug-2024 Name of related parry Loan5 to I Ilroml related party durln the year Descrlptlon ol trans•rtlon Relation5hlp party durlng the year Dunn-wilson Reverend Mlnlsters 1,054 expensE5 Repairs and renewa15 Church Councll 243 P Davey Church Council Organlst fees 7,200 D Crocker Layworker 2,661 D Crocker Layworker Salary 4,326 R Soper Layworker Expense5 56 Rsoper LaywDrker Salary 7,163 T Buddle Church sieward Donatlon 250 J Tredrea Layworker Expenses 156 IÈ Total 23.109 ZOZ5 2024 Total amountof donalons received from Trustees Without conditions 42,225 29,516 Truro Methodist Church received a donation of £6,5(M)12024'. £7.5181 from it'5 wholly-owned subsidiary. Sambells ITrurol Llmltèd. At the year Ènd, nll12024.. EI,0021 was duèfiom the subsldiary,
Truro Methodlst Church 21. P05t 8alance Sheet Events Sinc8 the year end. the church has registered for VAT, as approved by HMRC on 15 S8ptember 2025, due to planned commercial use of the Hub Building which will incur standard rat VAT. Following the VAT regi51ratlon, a paybad( Glalm wys subrnitted to reGover the Input VAT on the Hub bulld costs. whl¢h amounts to £151.708.06. Entillernent lo the payback claim is deemed to Hrise at HMRC approval date of the payback ¢laim request whi¢h was 23 Mar¢h 2026, and hence thls a non adjusting post balance shè8t 8venl. SillcEthe yparend,the total outlayon thè Hub capital project. whi¢h includes costs incurred on the buildinE ontratt as well as arthiter¥ Strurturil englneer and 4uantitysurvÈyor fees, upto end of M3y2026 totals £839,000. 20
Truro Methodist Church No.. 12104 Declarations and Scrutiny I confirffl thal these accruals-based account5 for the y88r to 31 August 2025 h8V8 been prepared frorn the records of the Church and thal they include all funds under the control of the Church trLLStees. Slgnature of treasurer. ol Name and address of treasurer Post Code. Tk.i. f Presentatlon to the Church trustees I confirrn that th8 annual r8POrt nd acwunts for the year ended 31 August 2025 were presented lo the meeting of the Sign8tur8 of th8 Chair of th8 m88ting Narne ofthe Chair of th8 me8ting 21
Auditor's Report to the Trustees of the Truro Methodist Church Charity Number: 1131902 Opinion We have audited the financial statements of Truro Methodist Church (the 'charity'l for the year ended 31 AugLJ5t 2025 which comprise the Statement of linanclal activltie5, the balance sheet, the Statement of cash flows and notes to the financial statements, including significant accounting PDlicies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pr3ckncel. In our opinion, the financial statements.. give a true and fair view Df the state of the charity's affairs as at 31 August 2025 and of Its incoming resources and application of resources, including its income and expenditure. for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI11SAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's re5ponsibilitie5 for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the linancial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 15 sufficient and appropriate to provide a ba515 for our opinion. Con¢lusions relating to goin8 con¢ern In auditing the financial statements, we have concluded that the trustees, use of the going concern basi5 of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as B going concern for 3 period of at least twelve months from when the financiBI 5tatement5 are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information compri5e5 the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. OLFr opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of a55urance conclusion thereon. Our spOnSIblIty Is to read the other information and, in doing so, consider whether the other information is materially incon515tent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material intonsistencies or apparent rnaterial misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 15 a material mi55tatement of this other information. we are required to report that fact. We have nothing to report Fn thi5 regard. 22
Auditor's Report to the Trustèes of the Truro Methodist Church Charity Number: 1131902 Matters on whlch we are requlred to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires US to report to you if, in our opinion.. adequate accounting records have not been kept, or return5 adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement wlth the accounting records and returns,. or certain disclosures of trustees, remuneration speclfied by law are not made,. or we have not recelved 811 the information and explanations we require for our audit,. or Responsibilities of trustees As explained more fully in the statement of trLtstees' responsibilities, the trustees are responsible for the preparation of the financial statement5 and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of tinancial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustee5 are responsible for assessing the charity's ability to continue as a going concern, disc105ing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audlt of the financlal ststements We have been appointed as auditor under section 144 of the Charities Art 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or èrror, and to issue an auditor's report that includes our opinion. Reasonable assurarbce is a high level of assufdnce but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatemÈnt when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, includlng fraud, 15 detalled below. The objectives of our audit, in respect to fraud, are.. to identify and assess the risk5 of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risk5 of material misstatement due to fraud, through designing and implementing approprlate re5pon5es,' and to respond appropriately to fraud or susperted fraud identified during the audit. However, the primary responsibility for the prevention and detectton of fraud rests wlth both those charged with governance of the entity and its management. Our approach was a5 follows.. We identified areas of laws and regulations that could reasonably be expected to have a material effert on the linancial statements from our general sector experience, and through discu55ion with the Trustees and other management las required by auditing standards), and discussed with the Trustees and other management the policies and procedures regardlng compliance with laws and regulations,. We considered the legal and regulatory framework5 direttly applicable to the financial statements reporting framework (FR5 102 and the Companies Act 20061 and the relevant tax compliance regulations in the UK,. 23
Auditor's Report to the Trustees of the Truro Methodist Church Charity Number: 1131902 We considered the nature of the industry, the control environment and busines5 performance, including the key drivers for management's remuneration,. We communicated identified law5 and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit,. We considered the procedures Bnd contro15 that the company ha5 e5tabli5hed to address risk5 Identified, or that otherwSse prevent, deter and detect fraud- and how senior management monitors those progr3mme5 and controls. We assessed the risks of material misstatement in respect of fraud as follows.. We made enquirie5 of the trustees and management in relation to any non-compliance of laws and regulations, potential litigation and claims or any knowledge of actual, suspected or alleged fraud. We considered the risk of fraud through management override of controls. We considered the risk of fraud through revenue recognition. We considered the risk of fraud through the measurement of fixed asset5.. Based on thls under5tandlng we deslgned our audlt procedures to identtfy non-compllance wlth such laws and regLJlations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included.. Legal fees were reviewed to identify any potential non-compliance of laws and regulations. We reviewed the minutes of trustee meetings to identify matters relevant to our audit. We reviewed material manual journal entrie5 for evidence of management override or fraud. We tested specific instances of income for the correct application of the revenue recoEnition rules. We 5crutinised the trustee5' accounting policies in relation to the recognition and measurement of fixed assets, in parkncular the church buildings. A further description of our responsibilities is available on the Financial Reporting Council'5 webslte at.. https'.//www.frc.org.uklauditor5responsibilitiÈs. Thi5 description forms part of our auditor's report. Owlng to the Inherent limitstions of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example. the further removed non- compliance with laws and regulations lirregularitiesl is from the events and transaction5 reflected in the fi'nancial statements, the less likely the inherently limited procedures qUired by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all13WS and regulations Other matters The financial statements for the year ended 31 August 2024 were not audited as the charity met the requirements for an audit for the first time for the year ended 31 August 2025. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work ha5 been undertaken 50 that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustee5 a5 a body, for our audit work, for this report, or for the opinions we have formed. 24
Auditor's Report to the Trustees of the Truro Methodist Church Charity Number: 1131902 James Pearce1Senior Ststutory Auditor) for and on behalf of TC Group Chartered Accountants Statutory Auditor5 Vivian House Newham Road Truro TRI 2DP Date.. 25