||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|||||||| ## ## ## ## ## ## ##