Trustees, Annual Report for the period Period start date Period end date From 01 September 2022 To 31 August 2023 Section A Reference and administration details Charity name Mid Cornwall Circuit, The Methodist Church Other namescharity is known by Registered charity number 11351XJ6 Charlty's principal addres5 l Union Place Truro Cornwall Postcode TRI IEP Names of the charity trustees who manage the Charity Trustee name Office111 anyl Date5 acted il not for whole year Name ol person lor body) entitled to appolnt trustee lif an Revd Simon Clarke Presbyter Ichalrman of Circuit meeting) Presbyter Presb ter Chaplain to Truro School La Worker La Worker Lay Worker Lay Worker La Worker Lay Worker Circuit Administrator Circuit Steward Circuit Steward Circuit Steward Circuit Steward ernumera Ex officio Revd Mark Dunn-wilson Revd Clare Anderson Revd Aubin de Gruch Mrs Janet Tredrea Mrs Sue Strawford Mr Adrian Mitchell Ms Victoria Hick Mr David Crocker Mrs Karen Potts Mrs Karen Armstrong MrGraham Baines Mrsjayne Thoma5 Mrs Julie Thomas Mr Richard Thomas Revd Derek Collins Revd Jane Willcock Revd Janet Knowles- Berry Revd maaret Barnes Mrs Ma Adams Mr Peter Keast Mrs Linda Richards Mr lan Street Ms Jessica Rush Ex officio Ex officio Ex officio Ex officio Ex officio Ex officio Ex officio Ex officio Ex officio Ex officio Circuit Meeting Circuit Meetin Circuit Meetir)g Circuit Meetin Ex officio Ex officio Ex offi'cio io li 12 13 14 15 16 17 18 Supernumerary Supernumerary 19 20 21 22 23 24 Supernumerary EK officio Allet Church Council Allet Church Council Cèrnon Downs Churcth Couhdl Circuit Steward Ex officio Carnrffi Communiivchuich Councll inon CommuntyCh¥rth CounLII hatewaterlTwefvrtldS 25 Mr Roy Picken 26 Alison Murfin
27 Liz Hayward Chacewatertrwelvehead5 Church Council ChacewaterrnwelvEhead5 Church Council Ex officio Crantock Church Couniil 28 Barrie Tippett 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Cliff Smith Chris Smith Marion CaldweS1 Marlene B311 Wendy Carter Peter Wilkins Mr Phil Booth Mrs Sue lack50n Dr Vicky Hartnell Mrs Penny Mcclymont Mr Ron Cartwright Mr Mike Fairhead Mrs E15ie Thomas Mr5 Denise Deighton Mrs Maureen Glanville Mr Leslie Penna Mrs Diane Taylor Mr Ross Rounsevell Mrs Heather Rounsevell Mrs Diane Stephens Christine Roberts Faye Solway MrsGill Harris Mr john Harri5 Mr Sid Deeble Mr Ernie Dymond Ms Helen Nicholson Circuit Steward Crantock Church Council Mt Hawke Church Council Mt Hawke Church Council Ml Hawke Church Council Newquay Church Counci1 Circuit Steward Ex officio Penpoll Church Council Penpoll Church Council Perranporth Church Council Perranporth Church Council Ports¢atho Church Counci Rose Church Council 5hortlanesend Church Council 46 Shortlanesend Chtsr¢h Countil 47 48 49 50 51 52 53 54 55 Shortlanesend Chvrch Council 5t A8ne5 Church Council 5tAgnes Church Council StA8nes Churth Countil Threemile5tone Church Council Trispen Church Council Trispen Church Council Truro with Tre5illian chh Council Truro with Tre5illi4n Church Council Truro with Tresillian Church Council 56 Mr Stephen Nicholson 57 Mrs Hilary Nicholson 58 Mrs Janet Crocker Council 59 60 Mrs Linda Baines Mr David Rabey LP Secretary Ex officio Truro with Tre5illian Church Council Truro with Tresillian Church 61 Mrs Rita Soper 62 Mr Steve Harri5 Trvro with Tresillian Church 63 Mrjohn Wallace Truro with Tresillièn Church 64 Mr Phillip Davey Truro with Tresllllan Church Council Names and addresses of advisors (Optional Information) Type of adviser Accountants Name Francis Clark LLP Address Lowin House, Tregolls Road, Truro, TRI 2NA
Section B IS" .' ,w.,4" Structure, governance and management Description of the charlty's trusts Type of governing document Act of Parliament How the charity is constituted Trust Appointed by Circuit Meeting or individual Church Councils Isome Tru5tee5 are ex officiol Trustee selection methods Addlttonal governance issues (Optional information} You may choose to include additional information, where relevant about.. InductionlTraining'. Range of guidance provided by Methodist Connexion 'The Role of a Trustee, leaflet available to Trustees Policies and procedures adopted for the induction and training of trustees; StructUTe'. Part of the Cornwall and 151es of Scilly District of the Methodist Church Accountable to the Methodist Conference The charity's organisational structure and any wider network with which the charity works,. Risks= Property & Financial risks considered by regular Leadership Team meetings Major risks considered by the Circuit Meeting Professional advice taken as required le.g. legal advice) Adopted Safeguarding Policy, with approved Safeguarding training programme Relationship with any related parties,. Trustees, consideration of major risks and the system and procedures to manage them. Remuneration.. All Methodist presbyters, of which we have four, are paid a stipend at a level set annually by the Methodist Conference All lay stsff are paid pro rata from this stipendiary rate Section C Objectives and activities Set out in the Methodist Church Act 1976 (clause 41- synopsis- Advancemerit of Religion and any charitable purpose of the Methodist Church or church organisation (See Methodist Church Act 19761 Summary ofthe objects of the charity set out in it governing document
To serve the communities in the Mid Cornwall Circuit through religious, social and spiritual activities for a full range of people. Summary ofthe main activities undertaken for the public benefit in relation to these objects lincluding within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) 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 Euidance to individual chLJrches Wlth the Mid Cornwall Circuit. The Trustees have referred to the Charity Commission guidance on public benefit when reviewing and in planning our future activities. Additional detail of Objectives and activities (Optional information) You may choose to include additional information, where relevant about.. Within the Methodist Church, local Churches, Circuits and Districts are not defined as lexternall grant-making bodies. Funds, in excess of those required for the general operation of Mid Cornwall CircLJit, are invested with the Trustees for Methodist Church Purposes. Policy on grant-making,. Policy programme related investment,. Much of the oversight, management, and day-to-day activity of Mid Cornw311 Circuit is undertaken by volunteers (lay peoplel. Contribution made by volunteers. We continue to explore new ways of working to enable the circuit to move forward and serve the community both now and in the future and the Circuit Leadership Team has looked at how we can utilize our human resource5 (lay staff) effectively.
Section D Achievements and performance summary ofthe main achievements of the charity during the year The outworking of our Christian faith, and the key emphasis within the Methodist Church as a whole, is seen in the prioritv we place on social holiness. In particular how we share and demonstrate the good news of God 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. Thi5 can easily be overlooked or even dismissed as of little importance, for much of what we do 15 not overt or Showy. Underpinning all that we do, in our local church familie5 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 event5 for families and individuals,. communities event5,' 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 loneline55 many people experience in a seemingly disconnected world. This work and activity are all a part of our ongoing endeavour to love God and to love our neighbour. Amal mation of Truro Circult and New ua Perran nes Circuit- Now known as Mid Cornwall Circuit orth&St After meeting with the various st3ke holders and variou5 chapel members, the agreed amalgamation of the two circuits came into being on I September 2022. This involved the assets and liabilities held by the Newquay, Perranporth & St Agnes Methodist Circuit Iregistration number 11394811 being transferred to Mid Cornwall Circuit. Newquay, Perranporth, St Agnes Methodist Circuit has since been removed from the Charity Commission register. Whilst there were a few challenges, the process, with thanks to the hard work of the Superintendent, Ministers and lay staff, was so to say seamless. This growth can be seen in the expansion of the engagement team, and various combined activities and events across the tircuit. Eco Circuit We have joined the Eco Circuit and Eco District in supporting the growing interest in Eco Church. The urgency of the climate crisis is increasingly clear and in response to a ca15 on all churches
acros5 the country, we have begun to implement measures to reduce the churches carbon footprint / emissions and to reduce its impact on God's creation. Cost-of-Livin Crises Ukrainian Refu ees Assistance A number of chapels within the Circuit offered 'warm spaces, to help people get through the difficulties of the winter. These are plèces where people have been able to come and get warm, have a free hot drink, and a bite to eat and charge their phone. Due to the cost-of-living crisis, we have seen the numbers of people parhcipating in this initiative grow on a weekly bas15. A Ukrainian 'drop in, centre was created for Ukrainian refugees to meet with volunteers and tran51ators. During these meetings we were able to assist with queries around schools, employment, English lessons etc. These have all been opportunities to be the hands and feet of Christ through the church providing for those in need. Section E Financial Review It is the policy of the Circuit to hold at least six month5 expenditure in hand (approximately £263kl. Reserves are currently £566k. The excess balance is held in reserve to support mission and ministry projects of the Circuit and individual Churches. The financial statements show a surplus of £1,943,330 for the year. However, this includes transfers of £1,368,279 from Newquay, Perranporth & St Agnes Methodist CircLJit on the amalEamation and unrealised gains of £409,449 on revaluing the investment propertie5 held by the Circuit. Brief statement of the charity's policy on re5erve5 Detalls of any funds materially in deficit None Further financial review details {OptFonal information)
You may choose to include additional information, where relevant about.. Principal sources of funds.. Agreed annual assessments paid by Circuit Churches Rental from four manses The charity's principal sources of funds lincluding any fundraisin81,' Expenditure on Objectives Most of the expenditure is related to the pay and associated costs of presbyters and lay workers. Annual assessments paid to the Cornwall and Isles of Scilly District of the Methodist Church How expenditure has supported the kev objectives of the charity,. Investment Policy Uncommitted funds are deposited with the Trustees for Methodist Church Purposes, who maintain a policy of ethical investment. Investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information Future plans of the charity ecognising the challenging environment for the Church in terms of attendance, age of congregations, receptivity of community, etc., we will continue to invest resource5 into the employment of lay staff and presbyters to seek to pioneer new Christian outreach and Service opportunitres. The new-build church project at Newquay will be completed in the financial year12024-251 and the Hub project at Truro should get underway. These will only have been achieved through the realisation of property assets (Devoran Chapel in a previous financial year and the manse at St Agnes in the year 2024-251. Up to £800,0(H) will be invested in this way. Section G Declaration The trustee5 declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturels) Full Namels) Position (Secretary. Chair etcl MithJi&i Date ( ?ILu
CIRCUIT ACCRUALS ACCOUNTS 2022-23 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Mid Cornwall Clr¢uit FOR THE YEAR ENDED 31 August 2023 Cornwall and the Isles of Scilly District Circuit no 12124 Registered Charity - Charity Registration number 1135006 If not a registered charity Her Majesty's Revenue and Customs Gift Aid number (The HMRC number is equivalent lo a registered charity number in terms of evidence of charitable status and may be used lo give lo donors or grant funders wishing lo see evidence of the organisalion's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.2421 Minister.. Rev'd Simon Clarke (Superintendent) Rev'd Mark Dunn-wilson Rev'd Clare Anderson Church Stewards.. Mr Graham Baines Mrs Jayne Thomas Mr lan Street Mr Cliff Smith Ms Julie Thomas Mr Richard Thomas Mr Ken Yeo Circuit Finance St8ward-. Mrs Karen Armstrong
Mld Cornwall Clrtult. The Methodlst Church Clrcuk No 12124 Statement of Financial Activities ISOFAI for the year ended 31 August 2023 Note5 to thè ¢tyurtt$ Clrcult Mod&l DFsignat8d Trust Funds IUDr95trictgdl lunr9Strirtwll Gnèral Fund Ro¥trirtqd Endowrngnt Fund8 Funds Total 2022.23 Income 1 tk)nalions and ies 2 Income from m61•ry invesknenl$ 3 Income from inveslmenl properties 4 Assessmeals OD Churches 5 C8pltal Recèipis- Fèock 6 Granis receried 7 Traasfer due io amagamali 8 Olh¢r ¢h8rllable inccthe 9 Total incomg Expenditur8 10 Grants and th>Tralions 11 Salaiigs and 858ocialpd ¢0815 12 PropÈrty mainlenance 12 Conneyional b55es5menl & tn<yJpl tru51 levy 14 OislriGt A$s6$$m6ni & Levy 15 Oepreelaiion 16 Otrice expenses 17 Olher (wJlgoin95 IB Totèl chArltabla èxwndlture 19 GaiDsll105se51 on moD8lary inves1tnIS 20 Gain511105SPs1 On Investment F*op6ibe¥ 21 Net Incomellexpendllurel 23 Transfers bet4spen tund5 23 Olh8r g3in¥Jll¢$sB$l 24 Net movement In lunds 25 Tota1 lunds brDughl FonNard 26 Total funds cathed forward 1,090 11.754 ,720 .265 300,365 327.881 16,200 1,368,279 34.461 2.060,030 327.6B1 1.000 41.061 34.461 382,973 15.200 20 1.327,218 1.661.819 15.238 235.849 13.784 15.200 250.849 13.784 77.156 8.906 77.156 8,906 65.733 401,228 109,441 109,441 175.174 525,809 15,200 33 409,449 1,961,827 409,449 1.943,330 118,5681 1.207 71 1,9fj0,620 845,170 2,8Q5,790 71 2.607 2.67H 1.943,330 1.204,466 3,147,796 356.689 339,328
Mld Crynwall ClrtsAt. The Meihodbsi Churrh Clrcull No Izi Statement of Flnanclal Actlvltles (SOFA) for the year ended 31 August 2022 Nlt•Jt G•n•rnl Fund IUrtrnirki•dl Truyt Fur ¢r*d EndrMThBnl Funds Fn0• Ygw 2O21.2Z Incomo 2.221 1.237 2221
17.496 153.791 153,Y94 15.762 40.028 421.117 6 Gr4rf$ rnCthv•d 7 Otw ¢hEdLrytl• • T0141 Im¢om• 15.7tr2 40.028 xt.744 154,176 197 Expend5ture 67,1C 147.770 3,374 170.482 147.770 5.819 12 CnearmI¥m05sMnI & rnodvl 130istrKtAsEeww4 Ltrry 14 DBwvch•Uon 150tfice •ypen le throutsv 17 Total chJdl•bkn Vxp•ndr• 18 G01051llossesl w rnwewry Inv••bh•n 19Gain*lloss851 on 20 N•t Incom&l•xp•ndltur•l 21 Translor6 bewen (unde 22 Olhgrgainstlths851 23 N•t mDv+nI In Ind• 24 Total lunds brought lorw¥rd 25Total lund$ ¢arrled forw•rd .918 ,916 1.219 61,274 450,530 JDg,4 3.3?4 142,1371 19 130.11041 SJ,$34 410,223 3SB,18 2¢,81S 818,285 845,170 19 2.588 2.607 30.004 1.234.47Q 1.204.468 3,574
Mld Comwall Clrcult Li114 Balance Sheet as at 31 August 2023 II¢L4lhltsdvl TTu&l •$14nlldFd1 EMont FU FUTr Tokb1012 Crt1 a 1.176.554 1.395.Z26 817.3B6 1.382.501 IW49Uiwnls 15ll7.2I2 1.510.JS1 B25.OJO ¢wr•ThtAI44 al,616 LnbY1hCVCUIl TKKP 1&7.115 197.153 4g.48 21Q.4 B.713 140,732 258.518 EJ£.740 39a.7Jg Crndrt(Thldueinundqr 1 year 6g.255 69.295 20.303 158.518 S67.445 378.4J6 339.JZ4 LID5,79Q 13U4.16B lbcll 339,328 1.2Q4M6fj Fursofih•Clrudl 9.328 a39.4 2.5.1 J86,689 5.1FO ckdT5lFund5 lun1nlld1 IBdFw5 Unrll5trK*dl Tot•lUrtMsIrIFil RISI Fvrtd ntFUrJ• 2.W5.F 1,201$5 rrFnOs 2,8D5,79D 2.67B 3.147.T96 1,204,466
Mld Cornwall Clrcult, The Methodist Church Clrcuit No 12124 Cash flow statement for the year ended 31 August 2024 2024 2023 Statement of cash flows Note Cash from operatlng act5vltles Net cash used in operatin8 activitie5 238,194 117.8301 Cash flows from Investlng acti¥ltSes Dividends, interest and rent5 from investments Purchase of property, plant and equipment 11,754 1,816 122.6271 18,2091 Net cash provlded by Investlng actl¥ltles 110.8731 16,3931 Cash flows from fSnanclnB actlvltles New borrowing Repayments of borrowin Net cash used In flnancln8 artlvltles Change In cash and cash equlvalents In the reportin8 perlod Cash and cash equivalents at the beginning ol the reporting perlod Cash and cash equivalents at the end of the reportlnB perlod 227,321 124,2231 388,601 412,824 615,922 388,601 2024 2023 Reconcillation of net Income to net cash flow from operatlnz artivltles Net income for the reporting period las per statement of financial activltlesl Adlu5tments for: Depreciation and amortisation char8e5 Fixed a$5ets, investment5 and investment propertles transferred on amalgamatlon Gain511055e5 on investments Dividends. interest and Tents from investments Ilncrea5el/decrease in debtors Irbcreaselldetie3sel in creditors 1.943.330 130,0041 8,906 11,332.4311 1409,1691 591 111,7541 11,8161 19.6801 IS.1861 48,992 17,366 1,219 Net cash used in operatin8 artivities 238,194 117,8301 2024 2023 Analysis of (ash and cash equivalent Cash in hand Total cash and cash equlvalents 615.922 388,601 615.922 388.601
Mid Cornwall Circuit, The Methodist Church Notes to the Accounts 1. Basis of accounting The fin3nci81 stsiemtrnls have btren prepared under the hlslorlc Cost ¢onvenlion. and In 8c¢ord8nce with Ihe 2019 verslon of A¢¢ouniing and Reportillg by Charltses-. Slal&mehl of Recommended Practice ISORPI appIale lo Charities preparing their acwunls in a¢¢ordan¢e with FRS102-the Charib8S SORP IFRS10218nd Chami88 Aci 2011. 2. Funds The funds held ¢onsliLuie'. Gener81 Funds hew foi any purpose ol the CirGuII which are Unre51ricled. The Circuit M(xlel Tru51 FuThl wide purposes defined in Sianding Orders and Is calegorised a5 unrestricl8d. Restricted funds which are he for a narrower purpose. Oe1811s of ea¢h m8lerial fund arb disdosed in the final noie io these accounts. Any funds maybe repfesenled by fflore than just cash. 3. Accounting policies Basis These accounts have beefi prepared on the basis of hisloriGal cosl except Ihal invesltnefi15 are shDWn ai thr Tnarkel value al the end ol the year. on the accruals basi% io shDW a true and fairvi&w DI the Circuit's financial pOSib and 8clivilies. Consolidation The Circuit has denominational rtgulatory owersighl In respeci Of the work of the Churches wthin Clrcuil bul has no kyal or operational conlrd of IhD5e thur¢he$ and their governirvJ bodias &x¢tPl in 8xir8me ¢ircumsLgn¢es. For Ihis reason. the flnarrial slalemenls of Churches wthin iho Circuit a¢8 consolhjaled Into financial $tsbm8nis. Income recognition Income is Included in the Slement ol Financkql Acllvllles ISOFAI when the Circuil becomes eniilled lo the $ourCes, and the Iru¥i8es are reasonably certain Iheyvlill reG8ive tho resources.. monBl8ry ¥alu8 ¢an be measwed with sUfent reliabllity. Resources expended Th$ 15 retnis¢l when 0118bility Is incurred. or a construclwe Obligab arises. al resulis In the paymenl being UnavoabÈ. Liaknlilies are re¢OgniS as soon a$ en outlow ol economic benefil ig considerfrd more Iikelythan not under the legal or ¢yxstru¢ti¥e oblioalion committing Ihe Circuit lo pay oui resources. Grants Granis made bylhe Circuitfrom 115 own funds artr recognised in full al the time of agreemtnl Ien the Circuit ac¢8pis that there legal or operation31 obligation lo make ihp payment. When Ihe granl is recufrenl over more than year the balance payable in future ye8r5 15 treated as a prov15ion lor future commitments Ihe Balafice Sheol against th8 appfopriaie fund, the provision being r818as8d future year5 as instalfflen15 are paid in accordance wrfh lh& originaltyagreed terms. VAT Since Circuil r6 not VAT registered. all inputVAT charged with the expenses lo whKh il relets. Tangible fixed assets for use by the Circuit Tangitse fLYed as5els are Gapitalised il they can be used fDr marp than ypar. and cu$1 al Iqssi £1.000. The fretrhold property is shown in the accounts al original cost and itnprovemtnl exp¥Ddilure lo dale. No deprÈGlali 1$ providèd on Iht buildiws because the Iruslee5 con51der Ihe current sidUal fair value of lh8 Tnansg building5 lon the assurnplion that il had reaGhpd Ihe ol its useful economic life by the year-endl lo be not less than Ils curr£nl value. Any deprpGialion would not b8 malenal. The prDperty has en reviewed lor impairment. Assets undef conslruGtion consisl ol exppndilure lo dale by the CirGuII on the fièw Church d8vek)pmenl. A5sels under construction are not depreciated. Depreciation OeprecialK)n is chalged as 10 off Ihe cost ol the as5818, OiP*r than fr88hcdd proparty, Over thelr eslSm8ied useful lfves. as ftllows. Asset class Fixiure5, fitbngs and equipment Depreclatlon method and rat& 25% reduL¥ng balancè Investment Properties InveslmeTrl propprtres ifi¢lud8s opert5 which are rA)l used for the purrN)5es of the chanty. Inveslmenl properbes are held al e51im3led markel value as prowded by Ihe Circurt swards. Investments InvesthenLs are valued in the balance she£l al markel value at ihe year elld. Investment E0[e is included in ihB accounts when receivable and any gains or losse5 on revalualvJn al Ihp ar ead are shown in Ihe SOFA. Debtors and Prepayments These amDunls are owed 10 the Circuit and include kne pgymenl ol the SeplemtÉr stipend in August, togeknerwith okner pryyrmnts and accrued incomt. Credltors CredrtU5 indLK4e both Sundry expenses and 5fillY the 1st quartei assessment received in adVary.
Mld Cornwall Circult. The Methodist Church 4. D<)n•tlon$ and l•qael•8 Unrestrlcted Clrcuft Mt)del Designated Restricted Trust Fund Funds 2023 Total 2022 Total Oonatior Grants Furfough grant Totsl 1.090 16,2) 2.221 15.0 762 17.983 152 2,090 15,200 17,290 S Ch•rhabl• actlvltl•s Unre•¢rICt C[1t Model Trust Fund Designated Restricted Funds 2023 Total 2022 Ttstal Manse Tentsl income Sundry Total 34.461 34,461 40.028 34,461 34,461 40,028 O. Inv•stment Incorn• Unro•lrlet•d Clrcult Model D•slgnatad Rèstrletad Trust Fund Funds 2023 Total 2022 Total Interest and divldgnds Total 4,996 4,996 6,720 6,720 38 38 11,754 11,754 1.816 1,816 7. Other tradlng actlvSty Unre$trl¢tgd Clrcult Model D•slgnatad Rèstrletod Trust Fund Fund 2023 Total 2022 Total Other income Total
Mkl Comwall CircuiL The Methodisi Churth 8. Payment to Twusts08 Payments to Iru8t888 for addibonal 8eNc8s to the Cirvjil tyagr88menlith Ihe Circuil et1J. Thls ar Lasl Stipend5 and 5ularies pald lo rnin15le and lay 5tsfF in Ihe fr7al Gwr5e of knlrthJlies 8ro disdos6d in thè staff c081 note below. Number ol tru$iee$ were pald expenses Nature of Ihe 8xpen5es 7 trustees were roimbursed travel expènses lotalling £5,973 during th8 p8riod12022". 9 Iru$lge$ £2,5941. 9. Fees lor •xamlnatlon or 8udlt of th8 accounts Independent 8X8mlner's or audltors. f88s for reporting on th8 accounts Oih8rfe6s leg. 8dvice, accounlarw services) paid lo ihe independenl examlnar or auditor 1.140 2.660 831 1,939 10. Pald èmplo•9 Sl¥ff Cg¥1s p¥kl durlng the yearwere.. Sbpfjnd5. sul•iios or¥1 benpfib in knnd Emthrfs National Irrar (xjsts Pènslofi CA)$ts 81.278 7.678 21.851 38.087 2,792 6.947 rs and administrator Slipends, salarie5 an(J benefits in kind Ernployerfs National Insurance Gosts Pen$lon G0515 126.014 8.283 3.012 90,230 4,511 2,987 Supernum8far188 Apprenticeship Levy Payroll service charge 958 1,199 578 910 730 576 Toi81 Staff 515 250,849 147,770 Average number of fu114ime equivalent ernploy•05 In th• y•or w•r•'. 10 No emplo 8amad more than £60,IJ)O per annum
Mld Comwall ClrcuiL Thè Methodost Church 11. Tanglble Flxed A••ts cuY1 C¢%Tr#ll Citujit tY) manses: 32 HurfatJ Road. 3 Leryh Ka5ti, 26 Trad6nnic& Way tOg8lher With variou5 fixture5. fitbws and equiprnenl. As%15 rr aymen on 8¢¢ount and assets undor constructfjon Flxtuie8. lfjttlngs and •qulpment R••kl•niial L•nd Olh•r Land Manses Total Balance broughl fonvwd 805.522 42.129 847.651 Addl"on% 22,627 22.627 RevalualkNw l+l.I 0ispo88151.1 Translers lo Inv8Stmenl propety 617.421 617.421 Ttansfers due lo amaWm81 521.555 23,758 417.555 962,868 Bal4nco cHrrigd fomrd 709.656 88,514 417,555 1.215.725 Accumulaifrd deprecl•tlon Balance brought forward 30,265 30,265 Depreciation charge for ye4r l-l 8.906 8.9)6 R8valuatlons i+l-I Di$ws#ls l-l Transfers. l+l-I Balance carrltrd forward Net book valu 39,171 39.171 Brought forward 605,522 11.864 817.386 Carri8d forward 709,656 49.343 417.555 1.176,554
Mld Cornwall Circult, The Methodlst Chur¢h 12. Investments The funds Ihal support the Circuit Model Trust Fund and the Manses Fund are various accounts held by TMCP in Trustees Interest FLJnds on which interest is credited to the accounts each month. These are regarded as medium and long term 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 management of trust propety. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and policy as determined by the Methodist Conferen. Thi5 year Prev year Analysis of investment movements Investments listed on a recognised Stock Exchange Investments held in CFB Managed Funds Securities not listed on a reco nised stock exchan Other investments - investment erties Total 8,571 7,644 ro 1,395,226 1,403,797 7,644 This year Prev year Change in investment values Carryin rnarkel value at be innin Add.. additions to investments al cost Add.. Transfers of investment erties Dn amalgamation Transfer of investment properties from fixed assets Net gainlllossl on revaluation Carrying market value at end of year ear 7,644 1,208 368,355 617,421 409,169 1.403,797 8,235 ro -591 7,644
Mld Cornwall Clrcult. Th& Methodlst Church 13. Analysls of eurrènt assets This year Last year Debtors and prepaym&nts Prepayments Accrued income 19,602 9,102 1,216 2,036 Total debtors and prepayment5 20,818 11,13B 14 Analysis of cash at bank Bank balance held al Lloyds TS8 Current account 177,840 68.713 Bank balance held in TMCP Circuit Model TrLJSt FLJnd 297.153 49,488 Bank balancé held in Stipends Account I CFB Account 140,929 270.400 Central Finance Board Circuit Fund Accounts Total Cash and Bank 61 5,922 388,601 15. Analy$l$ of currént liabilities and long term creditors Trade creditors 539 other creditors Deferred in¢omg 64,519 17,394 Accruals 4,237 2,909 Total Current Liabilities 69,295 20,303 16. Capltal commltments and contingent liabilities Al the 31st August 2023 the Circuit h85 no c8pitsI Gommilmenls. No contingent liabilities were identified al 31 sl August 2023.
Mld Comwall Clrcult, The Mèthod¥st Church 17. Loans and CredOr$ du• after on• y•ar Thgrg arè M h)sn8 or cr*1ilors du• after c¥)8 year. 18. D•talled on•ly¥lty of Indlvldual fvnd mov•mènts UnrestrS¢¢ed Fund• Fund Nam? Openlng Balan¢• 356,689 Incomo Expendlture Transfers Closing Balance 339,328 Purpose of the fund General Fvnd 382.973 401.541 1,207 Desial0d FuThJs CMTF 645,170 2,071.268 109.441 -1,207 2,805,790 Tolals 1.201.859 2.454.241 510.982 3,145.118 Restrlcted Funds Fund Name Openlng Balanet Incomg Expendlture Transfers C1051ng Balance Purpose of the fund Future IrS at Probu5 Probus Holding fund 1,480 33 1,513 Interest frorn Gerran5, Medlyn and Nicholls fund5. Interest In Current Account 1.027 38 1,065 Support for staff costs lor the Chaplaincy Chaplaincy Proje 15.200 15.200 JH Medlyn 100 Upkeep ol buildiThJ Tolals 2,607 15,271 15,200 2,678 Endowment Funds Fund Name Openlng Balance Income Expendl¢urg Tr¥nslers Closlng Balane• Purpose of the fund Tolals
Mld Cornwall ClrculL The Methodist Church 19. Post 8alanco Sheet Events There We no wst balance sheet events Idenfied. 20. Transf8r of assets and liabllltles on amalgamatlon On 1 September 2022 all assets and liabilities held by Newquay, Perranpcvth & St Agnes Methodist Circutt Iregistrdtion number 11394811 were transferred to Mid Comwall CiroJil. Th8 Methodist Church. The transfer has been shown as income in the year.
Mid Cornwall Circuit, The Methodist Church De¢laratlons and S¢rutlny l confirm that these accruals-based accounts for the year lo 31 August 2023 have been prepared from the r8cord5 of Ihe Ciicuit and that they include all funds under the control of the Cireuit tneeting. Svanature of treasurer. Da18. Zo Name and address of tr&asurer *J Postcode.................. Presentatlon to the Circuit meeting I confirm that the annu meeting held on rt and accounts for the y8ar ended 31 August 2023 were presented lo the Circult Signature ol the Chair of the meetiTrg Name of the Chair of the meeting ..Si.M. 0.......C4Q& Dale
Independent Examiner's Report to the Trustees of the Mid Cornwall Circuit, The Methodist Church Charity Number.. 1135006 I report lo the trustees on my examination of the aOUnts of the Mid Cornwall Circuit, The Methodist chUh for the year ended 31 August 2023. Responslbllltles and basls of report As the Circuit's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 20111.lhe Act'l. I report in respect of my examination of the Circuit's accounts 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 14515llbl of the Act. Independent Examlner'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 listed bodies. I confim that the Charity received a dispensation from the Charity Commission on 14108124 in relation lo an audit exemption. The audit exemption was granted as income only exceeded the audit threshold as a result of the transfer of the nel assets from Newquay, Perranporth & Sl Agnes Methodist Circuit on 1 September 2022 {registration number 11394811. l am therefore satisfied that an independent examination is appropriate as opposed lo an audit under s144121 of the Act. I have completed my examination. I confim that no material mallers have come to my allenlion in connection with the examination which give me cause lo believe that in, any material respect.. the accounting COrdS were not kept in accordance with section 130 of the Act- or the accounts do not accord wth the accounting records,. or the a¢counts do not comply with the applicable requirements conceming the form and conlenl of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrLJe and fair, view, which is not a matter considered as part of an independent examination the trustees, annual report is not consistent wlh the accounts I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Darren Perry Chartered Accountsnt IICAEWI Francis Clark LLP Lowin House Tregolls Road Truro TR1 2NA Dale.. 23 September 2024