## **Trustees' Annual Report for the period** Period start date Period end date 01 September 2019 31 August 2020 **From To** ## Section A Reference and administration details **Charity name Other names charity is known by Registered charity number (if any)** 1135006 **Charity's principal address** Union Place Truro Methodist Circuit 1135006 Union Place Truro Cornwall **Postcode** TR1 1EP ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee (if
whole year
any)
Revd Mark Liddicoat Presbyter (Chairman of Ex officio
1
Circuit Meeting)
Revd Mark Dunn- Presbyter Ex officio
2
Wilson
Revd Aubin de Chaplain to Truro School Ex-officio
3
Gruchy
4 Mrs Janet Tredrea Lay Worker Ex officio
5 Mrs Sue Strawford Lay Worker Ex officio
6 Mr Adrian Mitchell Lay Worker Ex officio
Mr James Taylor Lay Worker Appointed - Ex officio
7
13/09/2019
Mrs Victoria Hocking Lay Worker Appointed - Ex officio
8
13/09/2019
Mr David Crocker Lay Worker Appointed Ex officio
9
13/09/2019
Karen Potts Lay Worker Appointed Ex officio
10
13/09/2019
11 Mrs Rita Soper Circuit Administrator Ex officio
Mrs Ann Harris Circuit Steward Resigned – Circuit Meeting
12
13/9/2019
13 Mr Graham Baines Circuit Steward Circuit Meeting
14 Mr Steven Littler Circuit Steward Resigned 31/08/20 Circuit Meeting
Mr Russel Keeble Circuit Steward Appointed 06/02/20 Circuit Meeting
15
Resigned 14/10/20
16 Mrs Jayne Thomas Cirucit Steward Appointed 01/09/20 Circuit Meeting
17 Mr Malcolm Kingston Circuit Finance Steward Appointed 06/02/20 Circuit Meeting
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March **2012** **TAR** 1 **----- Start of picture text -----**
18 Mr Ross Rounsevell Circuit Finance Steward Resigned 01/12/19 Circuit Meeting
Revd Margaret Supernumerary Ex officio
19
Barnes
20 Revd Derek Collins Supernumerary Ex officio
Revd Dr John Supernumerary Ex officio
21
Johnson
Revd Janet Knowles- Supernumerary Ex officio
22
Berry
23 Mrs Mary Adams Allet Church Council
24 Mr Peter Keast Allet Church Council
25 Mrs Linda Richards Carnon Downs Church Council
Mr Ian Street Circuit Steward from Carnon Downs Church Council
26
4/2/21
27 Mrs Daphne Dunstan Carnon Downs Church Council
28 Mrs Alison Murfin Chacewater Church Council
29 Mr Barrie Tippett Chacewater Church Council
30 Mrs Daphne Webber Chacewater Church Council
31 Mr David Robshaw Devoran Church Council
32 Mrs Elaine Fletcher Devoran Church Council
33 Mrs Alison Curry Feock Church Council
34 Ms Jessica Rush Feock Church Council
35 Mrs Angela Richards Feock Church Council
36 Mr Roy Picken Feock Church Council
37 Mr Richard Truscott Grampound Road Church
Council
Grampound Road Church
38 Mrs Wendy Cousins
Council
39 Mrs Mandy Richards Hicks Mill Church Council
40 Mr Derrick Richards Hicks Mill Church Council
41 Ms Joanna Richards Hicks Mill Church Council
43 Dr Vicky Claridge Penpoll Church Council
Mrs Penny Penpoll Church Council
44
McClymont
45 Mr Trounce Guy Portloe Church Council
46 Mrs Joyce Gilbert Portloe Church Council
Mrs Elsie Thomas Portscatho Church
47
Council
48 Mrs Denise Deighton Portscatho Church
Council
49 Mrs Diane Taylor Shortlanesend Church Council
50 Mr Ross Rousnsevell Shortlanesend Church Council
Mrs Heather Shortlanesend Church Council
51
Rounsevell
53 Mrs Gill Harris Threemilestone Church
Council
54 Mr Sid Deeble Trispen Church Council
55 Mr Ernie Dymond Trispen Church Council
56 Mr Nick Cole Trispen Church Council
57 Mrs Priscilla Davis Trispen Church Council
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March **2012** **TAR** 2 **----- Start of picture text -----**
58 Mrs Peggy Morris Truro with Tresillian
Church Council
59 Mr Andrew Bersey Truro with Tresillian
Church Council
60 Ms Helen Nicholson Truro with Tresillian Church
Council
61 Mr Steve Nicholson Truro with Tresillian Church
Council
Truro with Tresillian Church
62 Mrs Hilary Nicholson
Council
Truro with Tresillian Church
63 Mr Roger Joll
Council
Truro with Tresillian Church
64 Mr Philip Davey
Council
66 Mr Brian Hayward Twelveheads Church Council
67 Mr Martyn Philips Twelveheads Church Council
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## **Names and addresses of advisers (Optional information)** **----- Start of picture text -----**
Type of adviser Name Address
Accountants Francis Clark LLP Lowin House, Tregolls Road, Truro, TR1 2NA
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## **Name of chief executive or names of senior staff members (Optional information)** March **2012** **TAR** 3 ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** - Type of governing document (eg. trust deed, constitution) Act of Parliament How the charity is constituted Trust (eg. trust, association, company) Appointed by Circuit Meeting or individual Church Councils (some Trustee selection methods Trustees are ex officio) (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** 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. - Induction/Training:  Range of guidance provided by Methodist Connexion  ‘The Role of a Trustee’ leaflet available to Trustees Structure: - Part of the Cornwall and Isles of Scilly District of The Methodist Church - Accountable to the Methodist Conference - Risks: - Property & Financial risks considered by regular Leadership Team meetings - Major risks considered by the Circuit Meeting - Professional advice taken as required (e.g. legal advice) - Adopted Safeguarding Policy, with approved Safeguarding training programme ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** 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) March **2012** **TAR** 4 To serve the communities in the Truro Circuit 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 provide governance support and guidance to individual churches within the Truro Circuit **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 Charity Commission on public benefit)** To promote, through teaching and discussion, the principles and lifestyle of the Christian faith. 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 objectives and activities (Optional information)** Within the Methodist Church, local Churches, Circuits and Districts are not defined as (external) grant-making bodies. Funds, in excess of those required for the general operation of Truro Methodist Circuit, are invested with the Trustees for Methodist Church Purposes. You **may choose** to include further statements, where relevant, about: Much of the oversight, management, and day-to-day activity of Truro Methodist Circuit is undertaken by volunteers (lay people). - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. March **2012** **TAR** 5 Section D Achievements and performance **Summary of the main** The outworking of our Christian faith, and the key emphasis within the **achievements of the charity** Methodist Church as a whole, is seen in the priority we place on social **during the year** holiness. In particular how we share and demonstrate the good news of God in Jesus Christ. On the basis of what we believe, we seek in all we do to be a blessing to the communities in which we live, work and serve. Our practical Christianity provides added value to our communities. This can easily be overlooked or even dismissed as of little importance, for much of what we do is not overt or showy. Underpinning all that we do, in our local church families and together as a Methodist circuit, is our faithfulness and commitment to serve the God of the Church and all creation. This enables us to provide, help and support food and clothes banks; street pastors; preschool activities and events for families and individuals; community events; opportunities to share in food and fellowship with a range of coffee mornings and lunch clubs; varied places for people to meet to counter the loneliness many experience in a seemingly connected world. This work and activity is all part of our ongoing endeavour to love God and to love our neighbour. **Covid-19 Impact and response.** This year many of our usual activities have been curtailed by COVIDrelated restrictions on gatherings. Where possible we have re-shaped what we do in a COVID-compliant way or moved services online. The Circuit acts as an enabling body to the underlying churches within the Circuit. As such it does not undertake a great deal of work in its own right. Its role is to provide paid staff, administrative and financial resources to support work undertaken by its churches. The Circuit does employ youth and children’s workers whose activities are more Circuit-wide. Their face-to-face activities were curtailed in the latter part of the year by COVID, but they have managed to maintain youth groups via social media. Since our year end these challenges have increased and the current lockdown has impacted the youth worker’s chaplaincy work at Truro college but is expected to resume again when lock down eases. Administratively, COVID did cause disruption with our office closed, but we have adapted to remote working via email and Zoom. Investing in a full licence for the latter, both for the Circuit’s benefit and the constituent churches. March **2012** **TAR** 6 ## **Section E Financial review** **Brief statement of the charity’s policy on reserves Details of any funds materially in deficit** It is the policy of the Circuit to hold at least six months expenditure in hand (approximately £145,000). Reserves are currently £434,000. The excess balance is held in reserve to support mission and ministry projects of the Circuit and individual Churches. Existing and agreed future projects will require approximately £40,000 to be withdrawn from General Funds each year for the foreseeable future. None ## **Further financial review details (Optional information)** Principal sources of funds: - You **may choose** to include additional information, where relevant about:  the charity’s principal sources of funds (including any fundraising); - relevant about:  Agreed annual assessments paid by Circuit Churches  Rental from two manses - the charity’s principal sources of funds (including Expenditure on Objectives - any fundraising);  Most of the expenditure is related to the pay and associated costs - how expenditure has of presbyters and lay workers supported the key objectives  Annual assessment paid to the Cornwall District of the Methodist of the charity; Church - investment policy and Investment Policy - objectives including any  Uncommitted funds are deposited with the Trustees for Methodist ethical investment policy Church Purposes, who maintain a policy of ethical investment - adopted. ## **Section F Other optional information** Financially there was no adverse impact last year: all churches paid their Assessments in full and on time. Initially we made no use of the Government’s furlough scheme as it was not clear what staff time would be needed for out-reach work in socially-distanced or electronic ways; in addition we retained capacity in the event that sickness cover might be required. Subsequently we have furloughed staff as it became clear that not all time could be gainfully employed. We have mitigated the financial effect of Covid-19 by expanding our use of the furlough scheme as restrictions have tightened this winter. We have also benefitted from naturally lower expenditure as our activities have reduced. With our considerable Reserves, we have the capacity to sustain a return to normal expenditure coupled with a significant reduction in income over a number of years if necessary. Moreover, since the year end we have added to our IT capability by increasing the hours of our IT pastor. ## **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)** Revd Mark Liddicoat **Position (eg Secretary, Chair,** Chairman of Trustees **etc)** March **2012** **TAR** 7 Date TAR March 2012 CIRCUIT ACCRUALS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Truro Melhodisl Circuit FOR THE YEAR ENDED 31 AUGUST 2020 Cornwall and the Isles of Scilly Dlstrlct Circuit no 12104 Registered Charity - Charity Registration number 1135006 If not a reglstered charfly Her Majesty's Revenue and Customs Gift Ald number (The HMRC number is equivalent to a registered charity number in terms of eviden￿ of ch8rilable status and may be us&d lo give lo donors or grant funders wishing to see evidence of thè organisation's charitsble slalus. Methodist charities in England and Wales that are not r￿IStered charitles are excepted from registration under Statutory Instrument 2014 No.242 } Ministers.. Rev'd Mark Liddcoal.(Sup.erinlendenll_...._-..........._._._..._.............._......._.............._..., Rgv'd Mark Dunn-wilson Circuit Stewards.. Mr Graham Baines Mr Russel Keeble.(app.ointed 06102120, resi.oned 14110120J..._..._.....__..._....__......-............. Mrs Jayne Thomas..lap.p.oinled 01109120J........._...................._......___..__...._.....-.._....-... Mr lan Street oinled 04102121 Circuit Finance Steward.. Malcolm Kin ston olnted 06102120 Truro Methodlst Clrtult Circult No 12104 Statement of Flnanclal Activities (SOFA) for the year gndod 31 August 2020 Nolos lo Circuit Model Designatsd Genor•l Fund Trust Fund$ accounts (Unrestricted) Iunrestrlctpdl lunrèstrlctedl Restrlcted Endowmont Funds Funds TotÈl 2019-20 Income 1 Donations 2 Income from monetary invesirnenl 3 Income from Inveslmenl properties 4 Asses￿entS ￿ Churthes 5 Capital RBcory)1s O Grants feGeived 7 Other chdrit8ble in(x)m 8 Total income 565 2,679 2.058 583 227,274 227,274 13,710,, .'¥,. 13,71V 28,217 272,445 271,824 563 38 Expenditure 9 Gran15 and donations 10 sal￿e5 8nd associated eosl$ 11 Propetty maintsnan¢e 12 ConnpxK>nal ass&ssmenl & modal tru81 levy 13 Dislricl Assessment & Levy 14 nepYb￿allon 15 Office oyp¥ns¥s 16 Other oulgoings 17 Total charltable expendilure 18 G8ln51llosse51 on monetary Inve51ment8 19 G8in$lllossesl on Inve51menl properb9ts 20 Net incomg11gxpèndituro1 21 Transfers beiween funcls 22 Other ga1Th511105sesI 23 Ndt movement In fund5 24 Total fund5 brought forward 25 Totsl t￿ndS carrled forward 10 185.829 2.741 t8S,829 2,741 52.792 2,166 52.792 2.166 36.989 280.517 2.323 2.3?3 39,322 282,850 240 141 8,792 43.OQD 1.7SD 43.￿D 103 10,64S 34,200 378,298 412,S06 44.750 872,605 627￿55 103 10,645 1,253.208 1,242,563 2.305 2.202 Truro Methodist Circuit Clrcult No 12104 Statement of Financial Activities (SOFA) for the year ended 31 August 2019 Notes to Clrcult Modol Dèslgnated tho Gon$ral Fund Trust Funds account5 IUnreslrl¢tedl IVnreStrl¢l￿l lunrestrlctedl R•8trided Endowment Funds Total 2018.19 Income 1 Donal1￿$ and ￿9aCleS 2 Incom8 from monetary investments 3 Incorne from Inv8slmtnl propeTUes 4 Assessments on Churches 5 Capital Receipts 6 Gr8nig received 7 Olh•r ¢hariiable inc￿M9 8 Total income 415 3.010 43 230,000 1.000 24.600 257.98S 1,000 24.600 259,025 997 43 Exponditure 9 Gran15 and donations 10 Salaries and assocSaied costs 11 Property maintenancè 12 Connexional 8ssessmenl & model trust levy >W.4., 13 Distrlct Assessment & Levy 14 Depr8¢lalion 15 0￿1¢8 ¢xp$n 16 Other outgoin98 18 Total ¢harltablo oxpgnditurg 19 Gainslllossesl on monalaryinvetsirn8nlS 20 Gainslllos5esl on Invgstmenl Prope￿&$ 21 Not inGomellexpendlturg1 22 Transfers bBtween funds 23 Olhergainslllosstrsl 24 Net rnovemfynt In fund5 25 Total funds brouEhtfarward 26 Total funds ¢arried forward 5.113 , 179.503 S.113 179,503 9,250 50,270 2.509 2.509 *4.4':.' 37.475 37,730 288,256 47 4,130 69 22 26,072 38.000 3,133 38.000 21 29.184 11,928 41,133 366,370 a 913.738 378,29B 872,605 21 2,284 2.30S 29,184 1.282,392 1.253,208 ||||||||||GN| |---|---|---|---|---|---|---|---|---|---| |||**General Fund**|CircuitModel|**Designated**|Restricted|**Endowment**|Totals|Totals|| |||(Unrestricted)|**Trusts**|**Funds**|**Funds**|Funds|2019/20|2018119|| ||**Notes to the**||**(Unrestricted)**|(Unrestricted)|||||| ||**Accounts**|£|£|£|£|£|£|£|| |**Fixed Assets**|||||||||| |**Crrcuit Manses & Equipment**|11||||||801,055|803,221|R| |Investmentproperties|||||||0|0|R| |**Investments**|12||||1,306||6.864|7,104|| |_Total fixed_assets|||||1,306||807,919|810,325|| |**Current Assets**|||||||||| |Debtors|13|13,073|23||||13,096|14,944|s| |**Loans by the Circuit**|||||||0|0|| |Investments with TMCP|||||||0|0|| |Trustees for MethodistChurch Purposes|13||34,450||219||34,669|79,344|| |**Central Finance Board Deposits**|13|284,523|||||284,523|290,434|T| |Cash atBank and in hand|13|100,156|8,665||677||109.498|64,995|| |**_Total current assets_**||397,752|43,138|o|896|0|441,786|449,717|| |**Current liabilities**|||||||||| |Creditors (due in under 1 year)||7,142|||||7,142|6,834|u| |Granls payablewithin 2018-19|||||||0|0|V| |**_Total current liabilities_**||**7,142**|o|0|o|0|**7,142**|**6,834**|| |**_Net current assets/liabilities_**||390,610|43,138|o|896|0|**434,644**|**442,883**|| |**_Total assets less current liabilities_ I**||412.s06]|827.366]||2.202]|i]|1.242563]|1,253,2081|| |**Long term liabilities**|||||||||| |**(due after more than one year)**|||||||||| |Grants payableafter 2018-19|||||||**o**|0|V| |Loanstolhe Circuit|||||||**o**|0|| ||||||||**o**|0|| |**_Net assets_**||**412,506**|**827,855**|**0**|**2,202**|0|**1,242,563**|1,253,208|w| Truro Methodist Circult Notes to the Accounts 1 Basis of accountlng The financial statements have been prepared under the historic cost Convention, and in accordance with the 2019 version ol Accounting and R8POrting by Charities.. Statement of Recomm8nded Practice ISORPI applicable to charilles preparino their accounts in a¢cordan¢e with FFiS102- the Charities SORP IFRS1021. 2 Funds The furTrd5 held con$titute'. General Funds held for any purwse of the Circuit which ar8 Un￿StrIcted. The Circuit Model Trust Fund has wide purpose5 defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose. Details of each material fund ar8 disdosed In the final note to th85e a¢counts. Any fund8 may be rgpresgnted by more than just cash. 3 Accounting policlos Basis These accounts have been preparèd on the basis of historical cost except that investments are shown al their mark8t value at the end of the year, on the 8ccrual8 basis to show a true and fair view of th8 Circuit's financkql position arTrd activities. Income recognition Income is included in the Statement of Financial Activities ISOFAI when the Cir¢uil becomes entitled to thè resour¢es, and the trustees are reasonably certain Ihey will receive th8 r850urces,' and th8 monetary value can be measured with suffi¢ient reliability. Resources expendod This is recognised when a liability 15 incurred, or a constructive obligation ari585, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is ¢on5idered more likely than not under the legal or constru¢tlve obligation corntnittlng the Circuit to pay out resources. Grants Grants made by the Circuit from its own funds are ￿COgnised in full at the time of agreem8nl or when the Circuit a¢￿pts that there 18 a legal or operational obligatlon lo mak8 the payment. When the grant is rewrrent over more than one year the balance payable Tn future year5 is treated as a provision lor future commitment5 in th8 Balan sheèt against th8 appropriat8 fund. th8 provision being released in future years as insta1ments are paid in accor¢Janee wth the originally agreed terms. VAT Since the Clr¢ull is not VAT registered, all input VAT is charged wlth the 8¥F￿n$8$ to which it ref8rs. Tanglbl¢ flxed assets for us8 by the Circuit Tangible fixed sssets ar8 capilalised if they Can be used for more than Or￿ year. and cost at least £1,000. The freehold property is shown in the a¢Gounts al original cost and improvement expendiiure to dale. No depreciatK)n is provided on the buildings because the trustees con5id8r the current residual fair value of the manse buildings lon the assumption that it had reached the end of its useful e¢onomic life by th8 year-endl to be not less than its cu￿nt value. Any depreciation would not be material. The property h88 been reviewed foi irnpairment. Depreciation Depreciation is charged as to write off the c05t of th8 as5et5, Other Ihan freethld prop8rty, over thelr estitnated usefvl Iiv8s, as follows.. Assgt class Fixlures. fittings and 4uipmeTht Depreclatlon method and rate 25Yo reducing balan( Truro Methodlst Circuit Investment propertles Investment propeities- no property 15 C￿r￿ntIY d8emed to not be held for the long tenn purpose5 of the charity. Investments Inv85tmenls are valu8d in Ihe balance sheet al tnarket value at th8 y88r entt. Inv8Strnent income Is Included in the accounts when re￿Iv8b1e and any galns or10s$85 on revaluation al the yearend are skK)wn in the SOFA. Dabtors and prapayments Debtors rela18 to the paymenl of the September stipend in Augusl, together with other payrnents and accrued income. Creditors Creditors in¢lud8 both sundry expen$8s and specifically the quarter asses8rnent recelved in 8dvancg. Vnrestrlcted Circuit Modèl Restrl¢t$d Trust Fund 2020 Total 2019 Total Donation$, l&gacies and grants Donations Grants 565 2,000 565 415 1,000 2,(K)O Furlough grant 11,710 11.710 Totsl 14.275 14.275 1.415 Unrestricted Cir¢ult Model Rastricted Trust Fund 2020 Total 2019 Total Charltable activltlas Manse Rental Income Total 28,217 28,217 24,600 28,217 28,217 24,600 6. Other trading activities Unrestrlctgd Clrcult Mod81 Trust Fund Re$trlcted 2020 Total 2019 Total Other in¢ome Total Truro Methodist Circuit Unrgstrlcted Circuit Mod&l Restrlctod Trust Fund 2020 Total 2019 Total Investment income Interest and Dividends Total 2,058 $83 38 2,679 3,010 2,058 583 38 2,679 3.010 8. Payment to Trustees 2020119 2019118 Payments made to Iruslees for additional services provKled to the Circuit by agre8menl with the Circuit meeting. Numb8r ol trustees who were paid exp8ns8S 10 Nature of the expenses The IrusleeB were reimbursed travel exp8nses during the current and previous period. 9. Fees for oxamination or audit of the accounts Independent examinerfs or auditors, fees for reporting on the ac¢ounts Other fees leg.. advice, accountancy services) paid to the independent examiner or auditor 750 750 1,650 1.650 10. Pald employees Staff Costs paid during the year were: Gross wages, salaries and benefits in kind Employer's National Insurance costs Pension costs Supernumeraries Apprenticeship Levy Addttional salary Payroll service charge Total staff costs 1 $5,024 10,386 17,352 150.102 9,570 16,261 1.638 793 260 879 179.503 898 576 185.829 Av&rag¢ number of full-tima oqulvalent employees in tho year were: 11111 11 11 xo OJ Truro Methodlst Cir¢ull 12. Investments The funds that support the Circuit Model Trust Fund and the Manses Fund are various accounts held by TMCP in Trustees Interest Funds on which interest is credited lo the accounts each month. These are regarded as medium and long tertn investments. TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day lo day managemenl of trust property. TMCP ensLJre that, through providing guidance and acting under their direction, the Managing Truslees comply with charity law and Melhodisl law and poli¢y as delerminBd by the Melhodisl Conference. Analysis of investment movements 2020119 2019118 Investments listed on a recognised Stock Exchan Investments held in CFB Mana ed Funds Securities not listed on a recognised stock exchan Other investments 6,864 7,104 Total 7,104 Change In Investment value$ 2020119 2019118 Carrying Imarkell value al beginning of the year 7,104 7,057 Add: additions lo investments at cost Les5'. disposals at carrying value Net gainlllos51 on revaluation -240 47 Carrying Imarketl value al end of the year 6,864 7,104 Truro Methodlst Circuit 13. Analy$ls of current assets 2020119 2019118 Debtors and prepayments Pre-paid assessments Provisions Accrued income 4,438 6.311 Prepayments 8,658 8,633 Totsl debtors and propayments 13,096 14,944 Analysls of cash at bank Bank balance hald in Lloyds Bank Current A¢¢ounl 109,498 64,995 Bank balan￿ hel(J in TMCP Clrcuit Model Trust Fund 34.669 79.344 Bank balance held in Slipends Account I CFB Account 284,523 290,434 Central Finan¢8 Board Circuit Fund Accounts Totsl Cagh and Bank 428.690 434,773 Truro Methodist Circuit 14. Analysis of current liabllities and long term ¢roditor$ 2020119 2019118 Trade creditors 2.579 Other ¢rgditors 1,858 Deferred income 1,639 1,639 Accruals 2,473 2,616 Total Current Llabllltles 7.142 6.834 15. Capltal Commltments and Contlngent Liabilities Al the 315t Augus12020 the Circuit had no capital commitments. No Contingent liabilities were identified al 31st August 2D20. 16. Loans and ¢reditor$ dug after one year There are no loans or creditors due after ong year. 17. Delailed analysis of Indlvidual fund movements Unre$trlct8d funds Unrèstricted fund name Opening Income Exwndlture Transfers Closlng Balance PU￿os0 of the fund General 378.298 271,824 280.616 43,000 412,506 CMTF 872,605 583 2.333 43,000 827,855 Totals 1,250,903 272,407 282,948 1.240,362 Truro Methodist Clrcult Restricted funds Restrlcted fund name OpenSng Income Expenditur8 Transfers Clo$lng Balancè Purpose of the fund Probus Holding ftjnd 1,448 141 1.307 Future works al Probus. Interest in Current Account 757 38 795 Intere51 from Gerrans, Medlyn and Nicholls ftjnds. JH Medlyn 100 100 Upkeep of building. Totals 2,305 38 141 2,202 Endowment Name How the capital Is Invested The current valuè of the capltal Annual incomè Whatthè income was used for Totals The reasons for the transfers between funds were as follows.. During the year £43,000 was withdrawn from the Circuit Model Trust Fund for existing and agreed future projects. Truro Methodist Circuit No.. 12104 Declarations and Scrutiny I confinn that these accruals-based accounts for the year to 31 August 2020 have been prepared from the records of the Circuit and that they include all fijnds under the control of the Circuit meeting. Signature of treasurer . Date.. Name and address of treasurer . Post Code.... Presentation to the Clrcuit meeting I confirm thal the annual report and accounts for the year ended 31 August 2020 were presented to the Circuit meeting held on Signature ofthe Chair of the meeting Name of the Chair of the meeting 4-.AKL LK , Dale Independent Examiner's Report to the Trustees of the Truro Methodist Circuit Charity Number 1135006 Responsibilities and basis of report I report to the trustees on my examination of the accounts of the Truro Methodist Circuit for the year ended 31 August 2020. As Ihe Circuil's trustees, you are responsible for the preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Circuit's accounls carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{51(b) of the AGt. Independent Examiner's Statement The Circuit'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 lisled bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinalion which give me cause to believe that in, any material respect.. the accounting records were not kept in accordance with seGtion 130 of the Act,. or the aGGounts do not accord with the accounting records. or the accounts do not comply with the applicabla requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fail 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 concerns and have come across no other matters in conneclion 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 ACA DChA Chartered Accountant IICAEW> Francis Clark LLP Lowin House Tregolls Road Truro TR12NA Date: 26 March 2021 CIRCUIT ACCRUALS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Truro Melhodisl Circuit FOR THE YEAR ENDED 31 AUGUST 2020 Cornwall and the Isles of Scilly Dlstrlct Circuit no 12104 Registered Charity - Charity Registration number 1135006 If not a reglstered charfly Her Majesty's Revenue and Customs Gift Ald number (The HMRC number is equivalent to a registered charity number in terms of eviden￿ of ch8rilable status and may be us&d lo give lo donors or grant funders wishing to see evidence of thè organisation's charitsble slalus. Methodist charities in England and Wales that are not r￿IStered charitles are excepted from registration under Statutory Instrument 2014 No.242 } Ministers.. Rev'd Mark Liddcoal.(Sup.erinlendenll_...._-..........._._._..._.............._......._.............._..., Rgv'd Mark Dunn-wilson Circuit Stewards.. Mr Graham Baines Mr Russel Keeble.(app.ointed 06102120, resi.oned 14110120J..._..._.....__..._....__......-............. Mrs Jayne Thomas..lap.p.oinled 01109120J........._...................._......___..__...._.....-.._....-... Mr lan Street oinled 04102121 Circuit Finance Steward.. Malcolm Kin ston olnted 06102120 Truro Methodlst Clrtult Circult No 12104 Statement of Flnanclal Activities (SOFA) for the year gndod 31 August 2020 Nolos lo Circuit Model Designatsd Genor•l Fund Trust Fund$ accounts (Unrestricted) Iunrestrlctpdl lunrèstrlctedl Restrlcted Endowmont Funds Funds TotÈl 2019-20 Income 1 Donations 2 Income from monetary invesirnenl 3 Income from Inveslmenl properties 4 Asses￿entS ￿ Churthes 5 Capital RBcory)1s O Grants feGeived 7 Other chdrit8ble in(x)m 8 Total income 565 2,679 2.058 583 227,274 227,274 13,710,, .'¥,. 13,71V 28,217 272,445 271,824 563 38 Expenditure 9 Gran15 and donations 10 sal￿e5 8nd associated eosl$ 11 Propetty maintsnan¢e 12 ConnpxK>nal ass&ssmenl & modal tru81 levy 13 Dislricl Assessment & Levy 14 nepYb￿allon 15 Office oyp¥ns¥s 16 Other oulgoings 17 Total charltable expendilure 18 G8ln51llosse51 on monetary Inve51ment8 19 G8in$lllossesl on Inve51menl properb9ts 20 Net incomg11gxpèndituro1 21 Transfers beiween funcls 22 Other ga1Th511105sesI 23 Ndt movement In fund5 24 Total fund5 brought forward 25 Totsl t￿ndS carrled forward 10 185.829 2.741 t8S,829 2,741 52.792 2,166 52.792 2.166 36.989 280.517 2.323 2.3?3 39,322 282,850 240 141 8,792 43.OQD 1.7SD 43.￿D 103 10,64S 34,200 378,298 412,S06 44.750 872,605 627￿55 103 10,645 1,253.208 1,242,563 2.305 2.202 Truro Methodist Circuit Clrcult No 12104 Statement of Financial Activities (SOFA) for the year ended 31 August 2019 Notes to Clrcult Modol Dèslgnated tho Gon$ral Fund Trust Funds account5 IUnreslrl¢tedl IVnreStrl¢l￿l lunrestrlctedl R•8trided Endowment Funds Total 2018.19 Income 1 Donal1￿$ and ￿9aCleS 2 Incom8 from monetary investments 3 Incorne from Inv8slmtnl propeTUes 4 Assessments on Churches 5 Capital Receipts 6 Gr8nig received 7 Olh•r ¢hariiable inc￿M9 8 Total income 415 3.010 43 230,000 1.000 24.600 257.98S 1,000 24.600 259,025 997 43 Exponditure 9 Gran15 and donations 10 Salaries and assocSaied costs 11 Property maintenancè 12 Connexional 8ssessmenl & model trust levy >W.4., 13 Distrlct Assessment & Levy 14 Depr8¢lalion 15 0￿1¢8 ¢xp$n 16 Other outgoin98 18 Total ¢harltablo oxpgnditurg 19 Gainslllossesl on monalaryinvetsirn8nlS 20 Gainslllos5esl on Invgstmenl Prope￿&$ 21 Not inGomellexpendlturg1 22 Transfers bBtween funds 23 Olhergainslllosstrsl 24 Net rnovemfynt In fund5 25 Total funds brouEhtfarward 26 Total funds ¢arried forward 5.113 , 179.503 S.113 179,503 9,250 50,270 2.509 2.509 *4.4':.' 37.475 37,730 288,256 47 4,130 69 22 26,072 38.000 3,133 38.000 21 29.184 11,928 41,133 366,370 a 913.738 378,29B 872,605 21 2,284 2.30S 29,184 1.282,392 1.253,208 ||||||||||GN| |---|---|---|---|---|---|---|---|---|---| |||**General Fund**|CircuitModel|**Designated**|Restricted|**Endowment**|Totals|Totals|| |||(Unrestricted)|**Trusts**|**Funds**|**Funds**|Funds|2019/20|2018119|| ||**Notes to the**||**(Unrestricted)**|(Unrestricted)|||||| ||**Accounts**|£|£|£|£|£|£|£|| |**Fixed Assets**|||||||||| |**Crrcuit Manses & Equipment**|11||||||801,055|803,221|R| |Investmentproperties|||||||0|0|R| |**Investments**|12||||1,306||6.864|7,104|| |_Total fixed_assets|||||1,306||807,919|810,325|| |**Current Assets**|||||||||| |Debtors|13|13,073|23||||13,096|14,944|s| |**Loans by the Circuit**|||||||0|0|| |Investments with TMCP|||||||0|0|| |Trustees for MethodistChurch Purposes|13||34,450||219||34,669|79,344|| |**Central Finance Board Deposits**|13|284,523|||||284,523|290,434|T| |Cash atBank and in hand|13|100,156|8,665||677||109.498|64,995|| |**_Total current assets_**||397,752|43,138|o|896|0|441,786|449,717|| |**Current liabilities**|||||||||| |Creditors (due in under 1 year)||7,142|||||7,142|6,834|u| |Granls payablewithin 2018-19|||||||0|0|V| |**_Total current liabilities_**||**7,142**|o|0|o|0|**7,142**|**6,834**|| |**_Net current assets/liabilities_**||390,610|43,138|o|896|0|**434,644**|**442,883**|| |**_Total assets less current liabilities_ I**||412.s06]|827.366]||2.202]|i]|1.242563]|1,253,2081|| |**Long term liabilities**|||||||||| |**(due after more than one year)**|||||||||| |Grants payableafter 2018-19|||||||**o**|0|V| |Loanstolhe Circuit|||||||**o**|0|| ||||||||**o**|0|| |**_Net assets_**||**412,506**|**827,855**|**0**|**2,202**|0|**1,242,563**|1,253,208|w| Truro Methodist Circult Notes to the Accounts 1 Basis of accountlng The financial statements have been prepared under the historic cost Convention, and in accordance with the 2019 version ol Accounting and R8POrting by Charities.. Statement of Recomm8nded Practice ISORPI applicable to charilles preparino their accounts in a¢cordan¢e with FFiS102- the Charities SORP IFRS1021. 2 Funds The furTrd5 held con$titute'. General Funds held for any purwse of the Circuit which ar8 Un￿StrIcted. The Circuit Model Trust Fund has wide purpose5 defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose. Details of each material fund ar8 disdosed In the final note to th85e a¢counts. Any fund8 may be rgpresgnted by more than just cash. 3 Accounting policlos Basis These accounts have been preparèd on the basis of historical cost except that investments are shown al their mark8t value at the end of the year, on the 8ccrual8 basis to show a true and fair view of th8 Circuit's financkql position arTrd activities. Income recognition Income is included in the Statement of Financial Activities ISOFAI when the Cir¢uil becomes entitled to thè resour¢es, and the trustees are reasonably certain Ihey will receive th8 r850urces,' and th8 monetary value can be measured with suffi¢ient reliability. Resources expendod This is recognised when a liability 15 incurred, or a constructive obligation ari585, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is ¢on5idered more likely than not under the legal or constru¢tlve obligation corntnittlng the Circuit to pay out resources. Grants Grants made by the Circuit from its own funds are ￿COgnised in full at the time of agreem8nl or when the Circuit a¢￿pts that there 18 a legal or operational obligatlon lo mak8 the payment. When the grant is rewrrent over more than one year the balance payable Tn future year5 is treated as a provision lor future commitment5 in th8 Balan sheèt against th8 appropriat8 fund. th8 provision being released in future years as insta1ments are paid in accor¢Janee wth the originally agreed terms. VAT Since the Clr¢ull is not VAT registered, all input VAT is charged wlth the 8¥F￿n$8$ to which it ref8rs. Tanglbl¢ flxed assets for us8 by the Circuit Tangible fixed sssets ar8 capilalised if they Can be used for more than Or￿ year. and cost at least £1,000. The freehold property is shown in the a¢Gounts al original cost and improvement expendiiure to dale. No depreciatK)n is provided on the buildings because the trustees con5id8r the current residual fair value of the manse buildings lon the assumption that it had reached the end of its useful e¢onomic life by th8 year-endl to be not less than its cu￿nt value. Any depreciation would not be material. The property h88 been reviewed foi irnpairment. Depreciation Depreciation is charged as to write off the c05t of th8 as5et5, Other Ihan freethld prop8rty, over thelr estitnated usefvl Iiv8s, as follows.. Assgt class Fixlures. fittings and 4uipmeTht Depreclatlon method and rate 25Yo reducing balan( Truro Methodlst Circuit Investment propertles Investment propeities- no property 15 C￿r￿ntIY d8emed to not be held for the long tenn purpose5 of the charity. Investments Inv85tmenls are valu8d in Ihe balance sheet al tnarket value at th8 y88r entt. Inv8Strnent income Is Included in the accounts when re￿Iv8b1e and any galns or10s$85 on revaluation al the yearend are skK)wn in the SOFA. Dabtors and prapayments Debtors rela18 to the paymenl of the September stipend in Augusl, together with other payrnents and accrued income. Creditors Creditors in¢lud8 both sundry expen$8s and specifically the quarter asses8rnent recelved in 8dvancg. Vnrestrlcted Circuit Modèl Restrl¢t$d Trust Fund 2020 Total 2019 Total Donation$, l&gacies and grants Donations Grants 565 2,000 565 415 1,000 2,(K)O Furlough grant 11,710 11.710 Totsl 14.275 14.275 1.415 Unrestricted Cir¢ult Model Rastricted Trust Fund 2020 Total 2019 Total Charltable activltlas Manse Rental Income Total 28,217 28,217 24,600 28,217 28,217 24,600 6. Other trading activities Unrestrlctgd Clrcult Mod81 Trust Fund Re$trlcted 2020 Total 2019 Total Other in¢ome Total Truro Methodist Circuit Unrgstrlcted Circuit Mod&l Restrlctod Trust Fund 2020 Total 2019 Total Investment income Interest and Dividends Total 2,058 $83 38 2,679 3,010 2,058 583 38 2,679 3.010 8. Payment to Trustees 2020119 2019118 Payments made to Iruslees for additional services provKled to the Circuit by agre8menl with the Circuit meeting. Numb8r ol trustees who were paid exp8ns8S 10 Nature of the expenses The IrusleeB were reimbursed travel exp8nses during the current and previous period. 9. Fees for oxamination or audit of the accounts Independent examinerfs or auditors, fees for reporting on the ac¢ounts Other fees leg.. advice, accountancy services) paid to the independent examiner or auditor 750 750 1,650 1.650 10. Pald employees Staff Costs paid during the year were: Gross wages, salaries and benefits in kind Employer's National Insurance costs Pension costs Supernumeraries Apprenticeship Levy Addttional salary Payroll service charge Total staff costs 1 $5,024 10,386 17,352 150.102 9,570 16,261 1.638 793 260 879 179.503 898 576 185.829 Av&rag¢ number of full-tima oqulvalent employees in tho year were: 11111 11 11 xo OJ Truro Methodlst Cir¢ull 12. Investments The funds that support the Circuit Model Trust Fund and the Manses Fund are various accounts held by TMCP in Trustees Interest Funds on which interest is credited lo the accounts each month. These are regarded as medium and long tertn investments. TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day lo day managemenl of trust property. TMCP ensLJre that, through providing guidance and acting under their direction, the Managing Truslees comply with charity law and Melhodisl law and poli¢y as delerminBd by the Melhodisl Conference. Analysis of investment movements 2020119 2019118 Investments listed on a recognised Stock Exchan Investments held in CFB Mana ed Funds Securities not listed on a recognised stock exchan Other investments 6,864 7,104 Total 7,104 Change In Investment value$ 2020119 2019118 Carrying Imarkell value al beginning of the year 7,104 7,057 Add: additions lo investments at cost Les5'. disposals at carrying value Net gainlllos51 on revaluation -240 47 Carrying Imarketl value al end of the year 6,864 7,104 Truro Methodlst Circuit 13. Analy$ls of current assets 2020119 2019118 Debtors and prepayments Pre-paid assessments Provisions Accrued income 4,438 6.311 Prepayments 8,658 8,633 Totsl debtors and propayments 13,096 14,944 Analysls of cash at bank Bank balance hald in Lloyds Bank Current A¢¢ounl 109,498 64,995 Bank balan￿ hel(J in TMCP Clrcuit Model Trust Fund 34.669 79.344 Bank balance held in Slipends Account I CFB Account 284,523 290,434 Central Finan¢8 Board Circuit Fund Accounts Totsl Cagh and Bank 428.690 434,773 Truro Methodist Circuit 14. Analysis of current liabllities and long term ¢roditor$ 2020119 2019118 Trade creditors 2.579 Other ¢rgditors 1,858 Deferred income 1,639 1,639 Accruals 2,473 2,616 Total Current Llabllltles 7.142 6.834 15. Capltal Commltments and Contlngent Liabilities Al the 315t Augus12020 the Circuit had no capital commitments. No Contingent liabilities were identified al 31st August 2D20. 16. Loans and ¢reditor$ dug after one year There are no loans or creditors due after ong year. 17. Delailed analysis of Indlvidual fund movements Unre$trlct8d funds Unrèstricted fund name Opening Income Exwndlture Transfers Closlng Balance PU￿os0 of the fund General 378.298 271,824 280.616 43,000 412,506 CMTF 872,605 583 2.333 43,000 827,855 Totals 1,250,903 272,407 282,948 1.240,362 Truro Methodist Clrcult Restricted funds Restrlcted fund name OpenSng Income Expenditur8 Transfers Clo$lng Balancè Purpose of the fund Probus Holding ftjnd 1,448 141 1.307 Future works al Probus. Interest in Current Account 757 38 795 Intere51 from Gerrans, Medlyn and Nicholls ftjnds. JH Medlyn 100 100 Upkeep of building. Totals 2,305 38 141 2,202 Endowment Name How the capital Is Invested The current valuè of the capltal Annual incomè Whatthè income was used for Totals The reasons for the transfers between funds were as follows.. During the year £43,000 was withdrawn from the Circuit Model Trust Fund for existing and agreed future projects. Truro Methodist Circuit No.. 12104 Declarations and Scrutiny I confinn that these accruals-based accounts for the year to 31 August 2020 have been prepared from the records of the Circuit and that they include all fijnds under the control of the Circuit meeting. Signature of treasurer . Date.. Name and address of treasurer . Post Code.... Presentation to the Clrcuit meeting I confirm thal the annual report and accounts for the year ended 31 August 2020 were presented to the Circuit meeting held on Signature ofthe Chair of the meeting Name of the Chair of the meeting 4-.AKL LK , Dale Independent Examiner's Report to the Trustees of the Truro Methodist Circuit Charity Number 1135006 Responsibilities and basis of report I report to the trustees on my examination of the accounts of the Truro Methodist Circuit for the year ended 31 August 2020. As Ihe Circuil's trustees, you are responsible for the preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Circuit's accounls carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{51(b) of the AGt. Independent Examiner's Statement The Circuit'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 lisled bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinalion which give me cause to believe that in, any material respect.. the accounting records were not kept in accordance with seGtion 130 of the Act,. or the aGGounts do not accord with the accounting records. or the accounts do not comply with the applicabla requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fail 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 concerns and have come across no other matters in conneclion 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 ACA DChA Chartered Accountant IICAEW> Francis Clark LLP Lowin House Tregolls Road Truro TR12NA Date: 26 March 2021