2022-08-31-accounts

	Trustee name	ONce (ifany)	Dates acted if not for	Name ofperson	Name ofperson	(or	body)
			whole year	entitled to	appoint		trustee
				(if any)
1	Revd Simon Clarke	Presbyter (Chairman		Exofficio
		ofCircuit meeting)
	Revd Mark Dunn-	Presbyter		Exofficio
	Wilson
3	Revd Aubin de Gruchy	Chaplin to Truro		Exofficio
		School
4	Mrs Janet Tredrea	Lay Worker		Ex off'icio
5	Mrs Sue Strawford	Lay Worker		Ex officio
6	Mr Adrian Mitchell	Lay Worker		Ex officio
7	Ms Victoria Hocking	Lay Worker		Exofficio
8	Mr David Crocket	Lay Worker		Ex officio
9	Mrs Karen Potts	Lay Worker		Exofficio
10	Mrs Rita Soper	Circuit Administrator		Exofficio
11	Mr Malcolm Kingston	Circuit Finance	Resigned 21/12/21	Circuit Meeting
		Steward
12	Mr Graham Baines	Circuit Steward		Circuit Meeting
13	Mrs Jayne Thomas	Circuit Steward		Circuit Meeting
14	Revd Dereck Collins	Supernumerary		Exofficio
15	Revd Dr John Johnson	Supernumerary		Exofficio
16	Revd Janet Knowles-	Supernumerary		Exofficio
	Berry
17	Revd Margaret Barnes	Supernumerary		Exofficio
18	Mrs Mary Adams			Allet Church		Council
19	Mr Peter Keast			Allet Church		Council
20	Mrs Linda Richards			Carnon Downs Church			Council
21	Mr lan Street	Circuit Steward		Carnon Downs Church			Council
22	Mrs Daphne Dunstan			Carnon Downs Church			Council
23	Mr David Robshaw			Devoran	Church		Council
24	Mrs Elaine Fletcher			Devoran	Church		Council
25	Mrs Alison Curry			Feock Church		Council

26	Ms Jessica Rush	Feock Church Council	Feock Church Council	Feock Church Council	Feock Church Council
27	Mrs Angela Richards	Feock Church Council
	Mr Roy Picken	Feock Church Council
29	Mrs Many Richards	Hicks Mill Church			Council
30	Ms Joanna Richards	Hicks Mill Church			Council
31	Dr Vicky Claridge	Penpoll	Church	Council
32	Mrs Penny	Penpoll	Church	Council
	McClymont
33	Mr Trounce Guy	Portloe	Church	Council
34	Mrs Joyce Gilbert	Portloe	Church	Council
35	Mrs Elsie Thomas	Portscatho	Church Council
36	Mrs Denise Deighton	Portscatho	Church Council
37	Mrs Diane Taylor	Shortianesend Church			Council
	Mr Ross Rounsevell	Shortianesend Church			Council
39	Mrs Heather	Shortianesend Church			Council
	Rounsevell
40	Mrs Gill Harris	Threemilestone Church			Council
41	Mr Sid Deeble	Trispen	Church	Council
	Mr Ernie Dymond	Trispen	Church	Council
43	Mr Nick Cole	Trispen	Church	Council
44	Mrs Pricilla Davis	Trispen	Church	Council
45	Ms Helen Nicholson	Truro with	Tresillian		Church
		Council
46	Mr Steve Nicholson	Truro with	Tresiliian		Church
		Council
47	Mrs Hilary Nicholson	Truro with	Tresillian		Church
		Council
48	Mr Roger Joll	Truro with	Tresillian		Church
		Council
49	Mr Clive Brown	Truro with	Tresillian		Church
		Council
50	Mrs Janet Crocker	Truro with	Tresiilian		Church
		Council
51	Mrs Linda Bains	Truro with	Tresillian		Church
		Council
52	Mr David Rabey	Truro with	Tresillian		Church
		Council
53	Mr Steve Harris	Truro with	Tresillian		Church
		Council
54	Mr John Wallace	Truro with	Tresiiiian		Church
		Council
55	Ms Sarah Carbis	Truro with	Tresiliian		Church
		Council
56	Mr Phillip Davey	Truro with	Tresiiiian		Church
		Council
57	Mr Brian Hayward	Truro with	Tresiiiian		Church
		Council
	Mr Martin Philips	Truro with	Tresillian		Church
		Council

Type of adviser	Name	Address
Accountants	Francis Clark LLP	Lowin House, Tregolls Road, Truro, TR1 2NA

Type of governing document	Act of Parliament
How the charity is constituted	Trust
	Appointed by Circuit Meeting or individual	Church Councils
Trustee selection methods	(some Trustees are ex officio)

You	may choose to include		Induction/Training:	Induction/Training:
additional information, where			~	Range of	guidance			provided			by Methodist Connexion
relevant about:			~	'The Role	of a Trustee'					leaflet	available to Trustees
~	Policies and procedures		Structure:
	adopted for the induction		~	Part ofthe		Cornwall			and Isles of Scilly			District ofthe
	and training oftrustees;			Methodist		Church
			~	Accountable			to the	Methodist Conference
~	The charity's organisational
	structure and any wider		Risks:
	network with which the			Property	5		Financial		risks considered			by regular
	charity works;			Leadership			Team meetings
				Major risks			considered			by the Circuit Meeting
~	Relationship with any			Professional			advice	taken as			required	(e.g. legal advice)
	related parties;			Adopted	Safeguarding					Policy,	with approved
				Safeguarding			training			programme
~	Trustees' consideration	of
	major risks and the system
	and procedures to manage
	them.

~	~		~ ~
			The outworking ofour Christian faith, and the key emphasis
Summary	of	the main	within the Methodist Church as a whole, is seen in the priority
achievements		ofthe charity	we place on social holiness. In particular how we share and
during the	year		demonstrate the good news ofGod in Jesus Christ. Based on
			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 ofwhat 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 ofthe 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; communities events; opportunities to share in
			food and fellowship with a range ofcoffee 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 are all part ofour ongoing endeavour to
			love God and to love our neighbour.
			Covid-19 lm act and res onse.
			Many ofour usual activities this year have again been curtailed
			by COVID-related restrictions on gatherings. Services have
			continued online, we have started to resume the use ofour
			various premises, whilst still maintaining set out pandemic
			precautions. As the year has progressed more and more people
			have been returning to various meetings, but with a significant
			drop in children and youth age groups.
			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 continues to employ youth and children's workers
			whose activities are more Circuit-wide. Their face-to-face
			activities were curtailed for most ofthe year by COVID, but they
			have managed to maintain youth groups via social media. Since
			our year end COVID restrictions have eased, and we have started
			to operate normally.
			Administratively, COVID did cause disruption with our office
			being closed, but we managed to adapt to remote working via
			email and meetings via Zoom. Since January we have resumed
			working limited office hours on site.

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

gned on	behalf ofthe charity's	trustees:
	Signature(s)
	Full Name(s)
		Revd Simon Clarke
Position	(Secretary, Chair etc)
		Chairman	ofthe Trustees
	Date
		29/06/2023

			Notes to accounts	Notes to accounts	General Fund (Unrestricted)	Circuit Model (Unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Restricted Funds	Endowment Funds	Total 2021-22
Income
1 Donations and legacies					2,221						2,221
2 Income from monetary investments					1,237	382			197		1,816
3 Income from investment	properties
4 Assessments on Churches					207,496						207,496
5 Capital Receipts - Grampound			Road			153,794					153,794
6 Grants received					15,762						15,762
7 Other charitable income					40,028						40,028
8 Total income					266,744	154,176			197		421,117
Expenditure
9 Grants and donations					67,108	100,000		3,374			170,482
10Salaries and associated	costs			10	147,770						147,770
11 Property maintenance					5,869						5,869
12 Connexional assessment	&	model trust		levy
13District Assessment & Levy					56,916						56,916
14 Depreciation					1,219						1,219
15Office expenses
16Other outgoings					29,586	38,688					68,274
17Total charitable expenditure					308,468	138,688		3,374			450,530
18Gains/(losses) on monetary		investments			413				178		591
19Gains/(losses) on investment			properties
20 Net income/(expenditure)					42,137	15,488		3,374	19		30,004
21 Transfers between funds					11,397	11,397
22 Other gains/(losses)
23 Net movement in funds					53,534	26,885	-	3,374	19		30,004
24 Total funds brought forward					410,223	818,285		3,374	2,588		1,234,470
25 Total funds carried forward					356,689	845,170			2,607		1,204,466

			Notes to the accounts	General Fund (Unrestricted)	Circuit Model Trust (Unrestricted)	Designated Funds (unrestricted)	Restricted Funds	Endowment Funds	Total 2020-21
Income
1 Donations and legacies				1,649		3,374			5,023
2 Income from monetary investments				392	217		35
3 Income from investment	properties
4 Assessments on Churches				217,882					217,882
5 Capital Receipts
6 Grants received				26,900					26,900
7 Other charitable income				31,200					31,200
8Total income				278,023	217	3,374	35		281,649
Ex enditure
9 Grants and donations
10Salaries and associated	costs		10	195,690					195,690
11 Property maintenance				6,478					6,478
12Connexional assessment	&	model trust levy
13District Assessment & Levy				55,428					55,428
14Depreciation				1,625					1,625
15Office expenses
16Other outgoings				30,753	1,139				31,892
17Total charitable expenditure				289,974	1,139				291,113
18Gains/(losses) on monetary		investments		1,020			351		1 371
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				10,931	922	3,374	386		8,093
21 Transfers between funds				8,648	8,648
22 Other gains/(losses)
23 Net movement in funds				2,283	9,570	3,374	386		8,093
24 Total funds brought forward				412,506	827,855		2,202		1,242,563
25Total funds carried forward				410,223	818,285	3,374	2,588		1,234,470

		Notes to the	General Fund (Unrestricted)	Circuit Model Trusts (Unrestricted)	Designated Funds (Unrestricted)	Designated Funds (Unrestricted)	Restricted Funds	Restricted Funds	Funds	Totals 2022	Totals 2021
		Accounts		6
Fixed Assets
Circuit Menses & Equipment			21,704	795,682						817,386	810,397
Investment properties
Investments		12	6,165				1,479			7,644	8,235
Total fixed	assets		27,869	795,682			1,479			825,030	818,632
Current Assets
Debtors and prepsyments		13	11,138							11,138	5,952
Loans by Ihe Circuit
Investments with TMCP
Trustees for Methodist Church Purpose		14		49,488						49,488	33,799
Central Finance Board Deposits		14	270,203					197		270,400	282,572
Cash at Bank and in hand		14	67,782					931		68,713	96,452
Total current	assets		349,123	49,488			1,128			399,739	418,775
Current gab8itlas
Creditors (due in under I year)		15	20,303							20,303	2,937
Terai current Ilabllltles			20,303							20,303	2,937
Net current assetslllabllltlas			328,820	49,488			1,128			379,436	415,838
Total assets less current llabllltles			356,689	845,170			2,607			1,204,466	1,234,470
Long term liabilities
(due after more than one year)
Loans by the Circuit
Net	assets		356,669	845,170			2,607			1,204,466	1,234,470
Funds ofthe Circuit
General Fund (Unrestricted)		18	356,689							356,689	410,223
Circuit Model Trust Funds (Unrestricted)				845,170						645,170	818,285
Designated Funds (Unrestricted)		18									3,374
Total Unrestricted	Funds									1,201,859	1,231,882
Restricted Funds		18					2,607			2,607	2,588
Endowment Funds
Total	Funds		356,689	845,170			2,607			1,204,486	1,234,470

	Truro Methodist	Truro Methodist		Circuit	Circuit
Notes to the Accounts
1.	Basis ofaccounting
	The financial statements have been prepared under the historic cost convention, and in accordance with the 2019version						ofAccounting
	and Reporting by Charities: Statement ofRecommended Practice (SORP) applicable to charities preparing		their accounts				in accordance
	with FRS102 —the Charities SORP (FRS102)and the Charities Act 2011.
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 matedial 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 ofeconomic 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 cost at least f1,000. 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	of	its 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 of the 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	2022	2021
					Trust Fund	Funds		Total	Total
									f
Donations				2,221				2,221	5,023
Grants				15,000				15,000	8,678
Furlough	grant			762				762	18,222
Total				17,983				17,983	31,923
5. Charitable		activities		Unrestricted	Circuit Model	Designated	Restricted	2022	2021
					Trust Fund	Funds		Total	Total
								f	f
Manse renlaI income				40,028				40,028	31,200
Sundry
Total				40,028				40,028	31,200
6. Investment		income		Unrestricted	Circuit Model	Designated	Restricted	2022	2021
					Trust Fund	Funds		Total	Total
				f.	f		f	f	f
Interest and dividends				1,237	382		197	1,816	644
Total				1,237	382		197	1,816	644
7. Other	trading		activity	Unrestricted	Circuit Model	Designated	Restricted	2022	2021
					Trust Fund	Funds		Total	Total
								f	f
Other income

Paid 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
Payroll service charge
Total staff costs

		Close, 4 Penge equipment.	lly Way and 9B	lackberry Way,	together with va	rious fixtur	es, fitti	ngs and
						Payments	on
					Fixtures,	account	and
		Residential			fittings and	assets under
		Land	Other Land	Manses	equipment	construction		Total
					F	F
Balance brought	forward			805,522	33,920			839,442
Additions					8,209			8,209
Revaluations (+/-)
Disposals (-)
Transfers * (+/-)
Balance carried forward				805,522	42,129			847,651
Accumulated depreciation
Balance brought	forward				29,046			29,046
Depreciation charge for year (-)					1,219			1,219
Revaluations (+/-)
Disposals (-)
Transfers* (+/-)
Balance carried	forward				30,265			30,265
Net book value
Brought forward				805,522	4,8/4			810,396
Carried forward				805,522	11,864			817,386

						This year	Prev year
Analysis of investment movements
Investments	listed	on a recognised		Stock Exchange
Investments	held	in CFB Mana	ed	Funds		7,644	8,235
Securities	not listed on a reco		nised stock exchan		e
Other investments
Total						7,644	8,235
						This year	Prev year

Change in investment values
Car in market value at be	innin	of ear	8,235	6,864
Add: additions to investments	at cost
Less: disposals at carrying value
Net gain/(loss) on revaluation			-591	1,371
Carrying (market) value at end	ofyear		7,644	8,235

			Truro Methodist Circuit
13. Analysis ofcurrent assets				This year	Last year
Debtors and prepayments
P repayments				9,102	5,842
Accrued income				2,036	110
Total debtors and	prepayments			11,138	5,952
14 Analysis ofcash	at bank
Bank balance held	at Lloyds TSBCurrent account			68,713	96,453
Bank balance held	in TMCP Circuit Model Trust Fund			49,488	33,799
Bank balance held	in Stipends Account		/ CFBAccount	270,400	282,572
Central Finance Board Circuit Fund Accounts
Total Cash and Bank				388,601	412,824
15. Analysis ofcurrent liabilities		and long term creditors
Trade creditors
Other creditors
Deferred income				17,394
Accruals				2,909	2,937
Total Current Liabilities				20,303	2,937

Unrestricted	Funds	Funds
Fund Name			Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
General Fund			410,223	266,744	308,881	-11,397	356,689
Designated	Funds		3,374		3,374
CMTF			818,285	154,176	138,688	11,397	845,170
		Totals	1,231,882	420,920	450,943		1,201,859
Restricted	Funds
Fund Name			Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
Probus Holding		fund	1,658		178		1,480	Future works at Probus
								Interest	from
Interest in Current Account			830	197			1,027	Gerrans, Medlyn	and
								Nicholls	funds.
JH Medlyn			100				100	Upkeep building	of
		Totals	2,588	197	178		2,607
Endowment	Funds
Fund Name			Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
		Totals

			Notes to accounts	Notes to accounts	General Fund (Unrestricted)	Circuit Model (Unrestricted)	Designated Funds (unrestricted)	Designated Funds (unrestricted)	Restricted Funds	Endowment Funds	Total 2021-22
Income
1 Donations and legacies					2,221						2,221
2 Income from monetary investments					1,237	382			197		1,816
3 Income from investment	properties
4 Assessments on Churches					207,496						207,496
5 Capital Receipts - Grampound			Road			153,794					153,794
6 Grants received					15,762						15,762
7 Other charitable income					40,028						40,028
8 Total income					266,744	154,176			197		421,117
Expenditure
9 Grants and donations					67,108	100,000		3,374			170,482
10Salaries and associated	costs			10	147,770						147,770
11 Property maintenance					5,869						5,869
12 Connexional assessment	&	model trust		levy
13District Assessment & Levy					56,916						56,916
14 Depreciation					1,219						1,219
15Office expenses
16Other outgoings					29,586	38,688					68,274
17Total charitable expenditure					308,468	138,688		3,374			450,530
18Gains/(losses) on monetary		investments			413				178		591
19Gains/(losses) on investment			properties
20 Net income/(expenditure)					42,137	15,488		3,374	19		30,004
21 Transfers between funds					11,397	11,397
22 Other gains/(losses)
23 Net movement in funds					53,534	26,885	-	3,374	19		30,004
24 Total funds brought forward					410,223	818,285		3,374	2,588		1,234,470
25 Total funds carried forward					356,689	845,170			2,607		1,204,466

			Notes to the accounts	F d General und (Unrestricted)	Circuit Model Trust (Unrestricted)	Circuit Model Trust (Unrestricted)	Designated Funds (unrestricted)	Restricted Funds	Restricted Funds	Endowment Funds	Total 2020-21
Income
1 Donations and legacies				1,649			3,374				5,023
2 Income from monetary investments				392		217			35
3 Income from investment	properties
4 Assessments on Churches				217,882							217,882
5 Capital Receipts
6 Grants received				26,900							26,900
7 Other charitable income				31,200							31,200
8Total income				278,023		217	3,374		35		281,649
Ex enditure
9 Grants and donations
10Salaries and associated	costs		10	195,690							195,690
11 Property maintenance				6,478							6,478
12Connexional assessment	&	model trust levy
13District Assessment & Levy				55,428							55,428
14Depreciation				1,625							1,625
15Office expenses
16Other outgoings				30,753		1,139					31,892
17Total charitable expenditure				289,974		1,139					291,113
18Gains/(losses) on monetary		investments		1,020				351			1 371
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				10,931		922	3,374	386			8,093
21 Transfers between funds				8,648	-	8,648
22 Other gains/(losses)
23 Net movement in funds				2,283		9,570	3,374	386			8,093
24 Total funds brought forward				412,506		827,855		2,202			1,242,563
25Total funds carried forward				410,223		818,285	3,374	2,588			1,234,470

		Notes to the	General Fund (Unrestricted)	Circuit Model Trusts (Unrestricted)	Designated Funds (Unrestricted)	Designated Funds (Unrestricted)	Restricted Funds	Restricted Funds	Funds	Totals 2022	Totals 2021
		Accounts		6
Fixed Assets
Circuit Menses & Equipment			21,704	795,682						817,386	810,397
Investment properties
Investments		12	6,165				1,479			7,644	8,235
Total fixed	assets		27,869	795,682			1,479			825,030	818,632
Current Assets
Debtors and prepsyments		13	11,138							11,138	5,952
Loans by Ihe Circuit
Investments with TMCP
Trustees for Methodist Church Purpose		14		49,488						49,488	33,799
Central Finance Board Deposits		14	270,203					197		270,400	282,572
Cash at Bank and in hand		14	67,782					931		68,713	96,452
Total current	assets		349,123	49,488			1,128			399,739	418,775
Current gab8itlas
Creditors (due in under I year)		15	20,303							20,303	2,937
Terai current Ilabllltles			20,303							20,303	2,937
Net current assetslllabllltlas			328,820	49,488			1,128			379,436	415,838
Total assets less current llabllltles			356,689	845,170			2,607			1,204,466	1,234,470
Long term liabilities
(due after more than one year)
Loans by the Circuit
Net	assets		356,669	845,170			2,607			1,204,466	1,234,470
Funds ofthe Circuit
General Fund (Unrestricted)		18	356,689							356,689	410,223
Circuit Model Trust Funds (Unrestricted)				845,170						645,170	818,285
Designated Funds (Unrestricted)		18									3,374
Total Unrestricted	Funds									1,201,859	1,231,882
Restricted Funds		18					2,607			2,607	2,588
Endowment Funds
Total	Funds		356,689	845,170			2,607			1,204,486	1,234,470

	Truro Methodist	Truro Methodist		Circuit	Circuit
Notes to the Accounts
1.	Basis ofaccounting
	The financial statements have been prepared under the historic cost convention, and in accordance with the 2019version						ofAccounting
	and Reporting by Charities: Statement ofRecommended Practice (SORP) applicable to charities preparing		their accounts				in accordance
	with FRS102 —the Charities SORP (FRS102)and the Charities Act 2011.
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 matedial 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 ofeconomic 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 cost at least f1,000. 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	of	its 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 of the 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	2022	2021
					Trust Fund	Funds		Total	Total
									f
Donations				2,221				2,221	5,023
Grants				15,000				15,000	8,678
Furlough	grant			762				762	18,222
Total				17,983				17,983	31,923
5. Charitable		activities		Unrestricted	Circuit Model	Designated	Restricted	2022	2021
					Trust Fund	Funds		Total	Total
								f	f
Manse renlaI income				40,028				40,028	31,200
Sundry
Total				40,028				40,028	31,200
6. Investment		income		Unrestricted	Circuit Model	Designated	Restricted	2022	2021
					Trust Fund	Funds		Total	Total
				f.	f		f	f	f
Interest and dividends				1,237	382		197	1,816	644
Total				1,237	382		197	1,816	644
7. Other	trading		activity	Unrestricted	Circuit Model	Designated	Restricted	2022	2021
					Trust Fund	Funds		Total	Total
								f	f
Other income

Paid 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
Payroll service charge
Total staff costs

		Close, 4 Penge equipment.	lly Way and 9B	lackberry Way,	together with va	rious fixtur	es, fitti	ngs and
						Payments	on
					Fixtures,	account	and
		Residential			fittings and	assets under
		Land	Other Land	Manses	equipment	construction		Total
					F	F
Balance brought	forward			805,522	33,920			839,442
Additions					8,209			8,209
Revaluations (+/-)
Disposals (-)
Transfers * (+/-)
Balance carried forward				805,522	42,129			847,651
Accumulated depreciation
Balance brought	forward				29,046			29,046
Depreciation charge for year (-)					1,219			1,219
Revaluations (+/-)
Disposals (-)
Transfers* (+/-)
Balance carried	forward				30,265			30,265
Net book value
Brought forward				805,522	4,8/4			810,396
Carried forward				805,522	11,864			817,386

						This year	Prev year
Analysis of investment movements
Investments	listed	on a recognised		Stock Exchange
Investments	held	in CFB Mana	ed	Funds		7,644	8,235
Securities	not listed on a reco		nised stock exchan		e
Other investments
Total						7,644	8,235
						This year	Prev year

Change in investment values
Car in market value at be	innin	of ear	8,235	6,864
Add: additions to investments	at cost
Less: disposals at carrying value
Net gain/(loss) on revaluation			-591	1,371
Carrying (market) value at end	ofyear		7,644	8,235

			Truro Methodist Circuit
13. Analysis ofcurrent assets				This year	Last year
Debtors and prepayments
P repayments				9,102	5,842
Accrued income				2,036	110
Total debtors and	prepayments			11,138	5,952
14 Analysis ofcash	at bank
Bank balance held	at Lloyds TSBCurrent account			68,713	96,453
Bank balance held	in TMCP Circuit Model Trust Fund			49,488	33,799
Bank balance held	in Stipends Account		/ CFBAccount	270,400	282,572
Central Finance Board Circuit Fund Accounts
Total Cash and Bank				388,601	412,824
15. Analysis ofcurrent liabilities		and long term creditors
Trade creditors
Other creditors
Deferred income				17,394
Accruals				2,909	2,937
Total Current Liabilities				20,303	2,937

Unrestricted	Funds	Funds
Fund Name			Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
General Fund			410,223	266,744	308,881	-11,397	356,689
Designated	Funds		3,374		3,374
CMTF			818,285	154,176	138,688	11,397	845,170
		Totals	1,231,882	420,920	450,943		1,201,859
Restricted	Funds
Fund Name			Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
Probus Holding		fund	1,658		178		1,480	Future works at Probus
								Interest	from
Interest in Current Account			830	197			1,027	Gerrans, Medlyn	and
								Nicholls	funds.
JH Medlyn			100				100	Upkeep building	of
		Totals	2,588	197	178		2,607
Endowment	Funds
Fund Name			Opening	Income	Expenditure	Transfers	Closing	Purpose ofthe
			Balance				Balance	fund
		Totals