2021-08-31-accounts

	Names ofthe charity	trustees who manag	e the	charity
	Trustee name	Office (ifany)		Dates acted whole year	ifnot for	Name ofperson (or body) entitled to appoint trustee (if an
	Revd Mark Liddicoat	Presbyter (Chairman	of	Resigned	01/09/21	Ex officio
		Circuit Meeting)
	Revd Mark Dunn-	Presbyter				Ex officio
	Wilson
	Revd Aubin de	Chaplain to Truro School				Ex-officio
	Gruchy
	Mrs Janet Tredrea	Lay Worker				Ex officio
	Mrs Sue Strawford	Lay Worker				Ex officio
	Mr Adrian Mitchell	Lay Worker				Ex officio
	Mr James Taylor	Lay Worker		Resigned	01/09/21	Ex officio
	Mrs Victoria Hocking	Lay Worker				Ex officio
	Mr David Crocker	Lay Worker				Ex officio
10	Karen Potts	Lay Worker				Ex officio
	Mrs Rita Soper	Circuit Administrator				Ex officio
12	Mr Malcolm Kingston	Circuit Finance Steward		Appointed	06/02/20	Circuit Meeting
				Resigned	21/12/21
13	Mr Graham Baines	Circuit Steward				Circuit Meeting
14	Mrs Jayne Thomas	Cirucit Steward		Appointed	01/09/20	Circuit Meeting
15	Mr Russel Keeble	Circuit Steward		Appointed	06/02/20	Circuit Meeting
				Resigned	14/10/20
16	Revd Derek Collins	Supernumerary				Ex officio
17	Revd Dr John Johnson	Supernumerary				Ex officio
18	Revd Janet Knowles- Berry	Supernumerary				Ex officio

19	Revd Margaret Ba mes	Supernumerary			Ex officio
20	Mrs Mary Adams				Allet Church Council
21	Mr Peter Keast				Allet Church Council
					Carnon Downs Church Council
22	Mrs Linda Richards
23	Mr lan Street	Circuit Steward from 4/2/21			Carnon Downs Church Council
					Carnon Downs Church Council
24	Mrs Daphne Dunstan
					Chacewater Church	Council
25	Mrs Alison Murfin
					Chacewater Church	Council
26	Mr Barrie Tippett
27	Mrs Daphne Webber				Chacewater Church	Council
28	Mr David Robshaw				Devoran Church	Council
29	Mrs Elaine Fletcher				Devoran Church	Council
30	Mrs Alison Curry				Feock Church Council
31	Ms Jessica Rush				Feock Church Council
32	Mrs Angela Richards				Feock Church Council
33 34	Mr Roy Picken Mrs Mandy Richards				Feock Church Council Hicks Mill Church Council
35	Mr Derrick Richards		Resigned	01/09/21	Hicks Mill Church	Council
36	Ms Joanna Richards				Hicks Mill Church	Council
37	Dr Vicky Claridge				Penpoll Church	Council
38	Mrs Penny McClymont				Penpoll Church	Council
39	Mr Trounce Guy				Portloe Church	Council
40	Mrs Joyce Gilbert				Portloe Church	Council
41	Mrs Elsie Thomas				Portscatho Church Council
	Mrs Denise Deighton				Portscatho Church Council
					Shortlanesend Church Council
44	Mrs Diane Taylor
					Shortlanesend Church Council
45	Mr Ross Rousnsevell
					Shortlanesend Church Council
46	Mrs Heather Rounsevell
					Threemilestone Church
47	Mrs Gill Harris				Council
48	Mr Sid Deeble				Trispen Church	Council
49	Mr Ernie Dymond				Trispen Church	Council
50	Mr Nick Cole				Trispen Church	Council
51	Mrs Priscilla Davis				Trispen Church	Council
53	Mrs Peggy Morris		Resigned	01/09/21	Truro with Tresillian Church Council
54	Mr Andrew Bersey		Resigned	01/09/21	Truro with Tresillian Church Council
					Truro with Tresillian	Church
55	Ms Helen Nicholson				Council
					Truro with Tresillian	Church
56	Mr Steve Nicholson				Council
					Truro with Tresillian	Church
57	Mrs Hilary Nicholson				Council
					Truro with Tresillian	Church
58	Mr Roger Joll				Council

59	Mr	Philip	Davey	Truro with Tresillian Council	Truro with Tresillian Council	Church
60	Mr	Brian	Hayward	Twelveheads	Church	Council
61	Mr	Martyn	Philips	Twelveheads	Church	Council
62
63
64
66
67

Type ofadviser	Name	Address
Accountants	Francis Clark LLP	Lowin House,	Tregolls Road, Truro, TR1 2NA
Name ofchief executive	or names ofsenior	staff members	(Optional	information)

	Type of governing document	Type of governing document	Act of Parliament	Act of Parliament
	How the charity is constituted )i,		Trust
	Trustee selection methods .)'')		Appointed by Circuit Meeting or individual Church Councils (some Trustees are ex officio)
Additional governance issues (Optional				information)
You may choose to include additional information, where relevant, about:			Induction/Training: ~ Range ofguidance provided ~ 'The Role ofa Trustee' leaflet				by Methodist Connexion available to Trustees
~	policies and procedures adopted for the induction and		Structure: ~ Part ofthe Cornwall		and Isles of Scilly			District	ofThe Methodist
	training oftrustees;		~	Church Accountable to the	Methodist		Conference
~	the charity's organisational
	structure and any wider		Risks:
	network with which the charity works;		~	Property 8 Financial meetings	risks considered			by regular Leadership		Team
~	relationship with any related parties;		~ ~	Major risks considered by the Circuit Meeting Professional advice taken as required (e.g. legal advice)
~	trustees' consideration of		~	Adopted Safeguarding		Policy, with approved			Safeguarding	training
	major risks and the system			programme
	and procedures to manage
	them.
			~ ~	~ ~
			Set out in the Methodist Church Act				1976(clause 4)		—synopsis—
			Advancement of Religion and			any charitable		purpose	ofthe Methodist
$ummary ofthe objects ofthe			Church	or church organisation.		(See Methodist Church Act 1976)
charity set out in its
governing document

Brief statement	Brief statement	ofthe	It is the policy ofthe Circuit to hold at least six months expenditure hand (approximately f145,000).Reserves are currently f412,000.	in The
charity's	policy	on reserves	excess balance is held in reserve to support mission and ministry
			projects ofthe Circuit and individual Churches. The policy is currently
			under review as we prepare to amalgamate with the Newquay,
			Perranporth and StAgnes Circuit and re-assess our priorities.
Details ofany funds materially in deficit			None

Further financial review details	Further financial review details	(Optional information)	(Optional information)	(Optional information)	(Optional information)
You may choose to include additional information, where		Principal sources offunds: ~ Agreed annual assessments paid by Circuit Churches
relevant about:		~	Rental from two manses
~	the charity's principal sources offunds (including any fundraising);	Expenditure on Objectives ~ Most ofthe expenditure is related of presbyters and lay workers		to the	pay and associated costs
~	how expenditure has	~	Annual assessment paid to the Cornwall		District ofthe Methodist
	supported the key objectives		Church
	ofthe charity;
~	investment policy and objectives including any ethical investment policy	Investment Policy ~ Uncommitted funds are deposited Church Purposes, who maintain		with the Trustees for Methodist a policy ofethical investment
	adopted.
			-
		~	~ ~ ~ ~ r ~

TAR March 2012

		Notes to the accounts	Notes to the accounts	General Fund (Unrestricted)	Circuit Model Trust (Unrestricted)	Circuit Model Trust (Unrestricted)	Circuit Model Trust (Unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Endowment Funds	Endowment Funds	Endowment Funds		Total	2020- 21
s iy investment Income 1 Donations and legacie 2 Income from moneta			4 7	1;649 '::.', : ~ -: -" "-: ':,,"::.'„',392:;-';.,=;:,: .';;;;.'.;: '-'217.'-,,'.							' ' "':3'374'= ':.',-.":.: ' ',.—::;:i,";; '';;.„. :,',::":;35;-'l!i';.,':;. ,".,'.:;:;;:;:i,"';:.::;!"..I														5,023 644
nt properties 3 Income from investme
ches 4 Assessments on Chur																									217,882
5 Capital Receipts
6 Grants received			4																						26,900
7 Other charitable incom			5																						31,200
8Total income				278,023			2'I7								3,374				35						281,649
Expenditure
9 Grants and donations
10Salaries and associated costs			10	,'..';/II95, '.69'0.,';:-i		..;:,''-.';,:,:;''..i.":;;:::;, ;,'--::::'.,';;;,::;-',:, -'. , -".'-.':,.=';:;:::;:;. ,-.'-".,- ':,':.';-";::,',.::-.':::.,';;.',:::;, '.:;='-;':-:!.'-;., -'-,. ;:;".,:::.- I																			195,690
11 Property maintenance																									6,478
ent &model 12Connexional assessm		trust	levy
Levy 13District Assessment &																									55,428
14Depreciation																									1,625
15Office expenses
16Other outgoings 17Total charitable expenditure 18Gains/(losses) on monetary investments				30",.753. ::.':."-:-':'!.;J'."1-;,139 .', '- 289,974 1,139 .:",.'1',020,',: .',,-:,.";, -,;::;"-:;:-:.'							.	'.. ~		-':,",' .",.:,.' -!":. -.:.'. ,„. .„;;:. .-, -,:...;.,::,;;;,,;.. . I -'-,-::::-,'",'';,:-,:;-'.-; 351'. ;i':.-!.":.i';,:-,:."'':-;:„'"-:,':I											31,892 291,113 1,371
19Gains/(losses) on investment	properties
20 Net income/(expenditure)				10,931 -			922								3,374				386						8,093
21 Transfers between funds
22 Other gains/(losses)
23 Net movement in funds 24 Total funds brought forward				2,283 - ','41'21506,;		9,570 !''- 'i,,'ll'827i855"".		:.'.		""'"'''''I'"					3,374 I"'"'i''".'"'"''' "'," '			386 '2'202.'						8,093 1,242,563
25Total funds carried forward				410,223		818,285									3,374			2,588						1,234,470

Truro Methodist Circuit	Truro Methodist Circuit					Circuit No	Circuit No	Circuit No	12/04
Statement		of Financial Activities (SOFA) for the year ended				31August 2020
		Notes to the accounts	General Fund (Unrestricted)	Circuit Model Trust (Unrestricted)	Designated Funds (unrestricted)	Restricted Funds		Endowmen t Funds	Total 2019-20
Income
1 Donations and legacies 2 Income from monetary investments			565 2,056	583			38		565 2,679
3 Income from investment properties 4 Assessments on Churches			227,274						227,274
5 Capital Receipts 6 Grants received			13,710						13,710
7 Other charitable income			28,217						28,217
8Total income			271,824	583			38		272,445
Expenditure
9 Grants and donations
10Salaries and associated costs		10	185,829						185,829
11 Property maintenance			2,741						2,741
12Connexional assessment & 13District Assessment & Levy 14Depreciation	model trust levy		52,792 2,166						52,792 2,166
15Office expenses 16Other outgoings 17Total charitable expenditure			36,989 280,517	2.333 2,333					39,322 282,850
18Gains/(losses) on monetary	investments		99				141		240
19Gains/(losses) on investment		properties
20 Net income/(expenditure)			8,792	1,750			103		10,645
21 Transfers between funds			43,000	43,000
22 Other gains/(losses) 23 Net movement in funds			34,208	44,750			103		10,645
24Total funds brought forward 25Total funds carried forward			378,298 412,506	872,605 827,855		2,305 2,202			1,253,208 1,242,563

		Notes to the	General Fund (Unrestricted)	Circuit Model Trusts (Unrestricted)	Circuit Model Trusts (Unrestricted)	Designated Funds (Unrestricted)	Designated Funds (Unrestricted)	Restricted Funds	Restricted Funds	Restricted Funds	Endowment Funds	Totals 2021	Totals 2020
		Accounts		f
Fixed Assets
Circuit Menses & Equipment			25,678		784,719							810,397	801,055
Investment properties
Investments		12	6,578						1,657			8,235	6,864
Total fixed	assets		32,256		784,719				1,657			818,632	807,919
Current Assets
Debtors and prepayments		13	5,947									5,952	13,096
Loans by the Circuit
Investments with TMCP
Trustees for Methodist Church Purpose		14			33,545					254		33,799	34,669
Central Finance Board Deposits		14	282,572									282,572	284,523
Cash at Bank and in hand		14	92,385		16		3,374			677		96,452	109,498
Total current	assets		380,904		33,566		3,374			931		418,775	441,786
Current liabilities
Creditors (due in under 1 year)		15	2,937									2,937	7,142
Total current liabilities			2,937									2,937	7,142
Net current asseisiliabilitles			377,967		33,566		3,374			931		415,838	434,644
Total assets less cunenl liabilities			410,223	818,285			3,374		2,588			1,234,470	1,242,563
Long term liabilities
(due after more than one year)
Loans by the Circuit
Net	assets		410,223	818,285			3,374		2,588			1,234,470	1,242,563
Funds ofthe Circuit
General Fund (Unrestricted)		18	410,223									410,223	412,506
Circuit Model Trust Funds (Unrestricted)				818,285								818,285	827,855
Designated Funds (Unrestricted)		18					3,374					3,374
Total Unrestricted	Funds											1,231,882	1,240,361
Restricted Funds		18							2,588			2,588	2,202
Endowment Funds
Total	Funds		410,223	818,285			3,374		2,588			1,234,470	1,242,563
								Signed

1. Basis ofaccounting The financial statements have been prepared under the historic cost convention, and in accordance with the 2019version and Reporting by Charities: Statement ofRecommended Practice (SORP) applicable to charities preparing their accounts with FRS102 —the Charities SORP (FRS102) and the Charities Act 2011.	1. Basis ofaccounting The financial statements have been prepared under the historic cost convention, and in accordance with the 2019version and Reporting by Charities: Statement ofRecommended Practice (SORP) applicable to charities preparing their accounts with FRS102 —the Charities SORP (FRS102) and the Charities Act 2011.	ofAccounting in accordance	ofAccounting in accordance
2. Funds
The funds held constitute: General Funds held for any purpose ofthe Circuit which are Unrestricted. The Circuit	Model Trust Fund has
wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose. Details ofeach material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash.
3. Accounting policies
Basis
These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end ofthe year, on the accruals basis to show a true and fair view ofthe Circuit's financial position and activities.
income recognition
Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees
are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient	reliability.
Resources expended
This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive
obligation committing the Circuit to pay out resources.
Grants
Grants made by the Circuit from its own funds are recognised in full at the time ofagreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance sheet against the appropriate fund, the provision being released in
future years as instalments are paid in accordance with the originally agreed terms.
VAT
Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.
Tangible fixed assets for use by the Circuit Tangible fixed assets are capitalised ifthey can be used for more than one year, and costat least E1,000. The freehold property is shown in the accounts at original cost and improvement expenditure to date. No depreciation is provided on the buildings because the trustees consider the current residual fair value ofthe manse buildings (on the assumption that it had reached the end ofits useful
economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The	property	has been
reviewed for impairment.
Depreciation Depreciation is charged as to write offthe cost ofthe assets, other than freehold property, over their estimated	useful lives, as follows:
Asset class Depreciation method and rate
Fixtures, fittings and equipment 25% reducing balance
Investment Properties
Investment properties - no property is currently deemed to not be held for the long term purposes ofthe charity.
Investments
Investments are valued in the balance sheet at market value at the year end. Investment income is included in	the accounts when
receivable and any gains or losses on revaluation at the year end are shown in the SOFA.
Debtors and Prepayments
These amounts are owed to the Circuit and include the payment ofthe September stipend in August, together with other		prepayments
and accrued income.
Creditors
Creditors include both sundry expenses and specifically the 1stquarter assessment received in advance.

							Truro Methodist	Circuit
4. Donations		and legacies		Unrestricted	Circuit Model	Designated	Restricted	2021	2020
					Trust Fund	Funds		Total	Total
				E			F
Donations				1,649		3,374		5,023	565
Grants				8,678				8,678	2,000
Furlough	grant			18,222				18,222	11,710
Total				28,549		3,374		31,923	14,275
5. Charitable		activities		Unrestricted	Circuit Model	Designated	Restricted	2021	2020
					Trust Fund	Funds		Total	Total
Manse rental income				31,200				31,200	28,217
Sundry
Total				31,200				31,200	28,217
6. Investment		income		Unrestricted	Circuit Model	Designated	Restricted	2021	2020
					Trust. Fund	Funds		Total	Total
				E	F		E
Interest and dividends				392	217		35	644	2,679
Total				392	217		35	644	2,679
7. Other	trading		activity	Unrestricted	Circuit Model	Designated	Restricted	2021	2020
					Trust Fund	Funds		Total	Total
Other income

		Currently	the Truro Methodist	Circuit owns four	manses;	32 Hurland	32 Hurland	Road, 1 Huthnannce	Road, 1 Huthnannce	Road, 1 Huthnannce
		Close, 4 Pengelly Way and 9		Blackberry Way,	together	with various		fixtures, fittings and
		equipment.
							Payments		on
					Fixtures,		account and
		Residential			fittings	and	assets under
		Land	Other Land	Manses E	equipment f		construction			Total
Balance brought forward				794,556	33,920					828,476
Additions				10,966						10,966
Revaluations (+/-)
Disposals (-)
Transfers *(+/-)
Balance carried foiward				805,522	33,920					839,442
Accumulated depreciation
Balance brought	forward				27,421					27,421
Depreciation charge for year (-)						1,625				1,625
Revaluations (+/-)
Disposals (-)
Transfers* (+/-)
Balance carried	forward				29,046					29,046
Net book value
Brought forward				794,556		6,499				801,055
Carried forward				805,522		4,874				810,396

			This year	Prev year
Analysis of investment	movements
Investments listed on a	recognised	Stock Exchange
Investments held in CFBManaged		Funds	8,235	6,864
Securities not listed on	a recognised	stock exchange
Other investments
Total			8,235	6,864
			This year	Prev year
Change in investment	values
Carrying market value	at beginning	ofyear	6,864	7,104
Add: additions to investments at cost
Less: disposals at carrying value
Net gain/(loss) on revaluation			1,371	-240
Carrying market value	at end of year		8,235	6,864

			Truro Methodist Circuit
13. Analysis ofcurrent assets				This year	Last year
Debtors and prepayments
Prepayments				5,842	8,658
Accrued income				110	4,438
Total debtors and	prepayments			5,952	13,096
14 Analysis ofcash	at bank
Bank balance held	at Lloyds TSBCurrent account			96,453	109,498
Bank balance held	in TMCP Circuit Model Trust Fund			33,799	34,669
Bank balance held	in Stipends Account		/ CFBAccount	282,572	284,523
Central Finance Board Circuit Fund Accounts
Total Cash and Bank				412,824	428,690
15. Analysis ofcurrent liabilities		and long term creditors
Trade creditors				341	1,172
Other creditors					1,858
Deferred income					1,639
Accruals				2,596	2,473
Total Current Liabilities				2,937	7,142

Unrestricted	Funds
Fund Name			Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
General Fund			412,506	279,043	289,974	8,648	410,223
Designated	Funds			3,374			3,374
CMTF			827,855	217	1,139	-8,648	818,285
		Totals	1,240,361	282,634	291,113		1,231,882

Restricted	Fun	ds
Fund Name			Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
Probus Holding		fund	1,307	351			1,658	Future works at Probus
								Interest from
Interest in Current Account			795	35			830	Gerrans, Medlyn and
								Nicholls funds.
JH Medlyn			100				100	Upkeep of building
		Totals	2,202	386			2,588
Endowment	Funds
Restricted	Fund Name		Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
		Totals