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2025-08-31-accounts

N ames of the charity trustee s who manage the charity
Trustee name Office (ifany) Dates acted if not Name of person (or body)
forwhole year entitledto appointtrustee (if
any)
1. Revd SimonClarke Presbyter (Chairmanof 01/09/2021— Ex officio
Circuit meeting until 01/05/2025
1/5/2025)
2 Revd Mark Dunn-Wilson Presbyter (Chairmanof Exofficio
Circuit meeting 2/5/2025
to current)
3 Revd Clare Anderson Presbyter Ex officio
4 Revd Aubin de Gruchy Presbyter Ex officio
5 Revd Helen Byrne ChaplaintoTruro School Ex officio
6 Mrs Janet Tredrea LayWorker Ex officio
7 Mrs Sue Strawford LayWorker Ex officio
8 Mr Adrian Mitchell LayWorker Ex officio
9 Ms Victoria Hick LayWorker Ex officio
10 Mr David Crocker LayWorker Ex officio
11 Mrs Karen Potts LayWorker Ex officio
12 Mrs Janet Crocker Layworker Ex officio
13 Mrs Karen Armstrong Circuit Administrator Exofficio
14 MrsJayne Thomas Circuit Steward Circuit Meeting
15 Mrs Julie Thomas Circuit Steward To 31/08/2024 Circuit Meeting
16 Mr Richard Thomas Circuit Steward To 31/08/2024 Circuit Meeting
17 Revd Derek Collins Supernumerary Exofficio
18 Revd Jane Willcock Supernumerary Exofficio
19 RevdJanet Knowles- Supernumerary Exofficio
Berry
20 Revd Margaret Barnes Supernumerary To31/08/2024 Ex officio
21 Mrs Mary Adams Allet Church Council
22 Mr Peter Keast Allet Church Council
23 Mrs Peggy Evely Carnon Downs Church Council
24 Mr Ian Street Circuit Steward Ex officio
25 Mrs Anne Smith Carnon CommunityChurch
Council
26 Mr David Robshaw Carnon CommunityChurch
Council
27 Mrs Alison Murfin Chacewater/Twelveheads
Church Council
28 Mrs Shirley Stephens Chacewater/Twelveheads
Church Council
29 Mr Cliff Smith Circuit Steward Ex officio
30 Mrs Chris Smith Crantock Church Council
31 Marion Caldwell Crantock Church Council
32 Mr Phil Booth Newquay Church Council
33 Mrs Sue Jackson Newquay Church Council
34 Mrs Pauline Scotting Newquay Church Council
35 Dr Vicky Hartnell Penpoll Church Council
36 Mr Malcolm Kingston Penpoll Church Council
37 Mrs Linda Berry PerranporthChurch Council
38 Mrs Joanne Appleton Portscatho Church Council
39 Dr Andrew Appleton Portscatho Church Council
40 Mrs Diane Taylor Shortlanesend Church Council
41 Mr Ross Rounsevell Shortlanesend Church Council
42 Mrs Heather Rounsevell Shortlanesend Church Council
43 Mr Ken Yeo Circuit Steward Ex officio
44 Mrs Diane Stephens St Agnes Church Council
45 Mrs Christine Roberts St Agnes Church Council
46 Ms Faye Solway St Agnes Church Council
47 Ms Wendy Carter St Agnes Church Council
48 Mr PeterWilkins St Agnes Church Council
49 Mrs Gill Harris ThreemilestoneChurch Council
50 Mr John Harris ThreemilestoneChurch Council
51 Mr Ernie Dymond Trispen Church Council
52 Mr John Willcock Trispen Church Council
53 Ms Helen Nicholson Truro with Tresillian Church
Council
54 Mr Stephen Nicholson Truro withTresillian Church
Council
55 Mrs Hilary Nicholson Truro withTresillian Church
Council
56 Mrs Linda Baines LP Secretary Ex officio
57 Mr David Rabey Truro with Tresillian Church
Council
58 Mrs Rita Soper Truro with Tresillian Church
Council
59 Mr Steve Harris Truro withTresillian Church
Council
60 Mr John Wallace Truro with Tresillian Church
Council
61 Mr Tim Wellings Truro with Tresillian Church
Council

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

Set out in the MethodistChurch Act 1976 (clause 4) —synopsis —
Summary of the objects of Advancement ofReligion and any charitable purpose of the
the charityset out in it Methodist Church or church organisation (SeeMethodist Church
governing document Act 1976)
Toserve the communities in the Mid Cornwall Circuit through
religious, social and spiritual activities for a full rangeof people.
Summary of the main
activities undertaken forthe To provide a safe place for mutual support and development
public benefit in relation to where each person can achievetheirfull God-given potential.
these objects (including
within thissection the To provide governance support and guidance to individual
statutory declaration that churches with the Mid Cornwall Circuit.
trustees have had regard to
theguidance issued bythe The Trustees have referredto the Charity Commission guidance
Charity Commission on public on public benefit when reviewing and in planning our future
benefit) activities.
You may choose to include Withinthe Methodist Church, local Churches,Circuits and
additional information, where Districts are not defined as (external) grant-making bodies.
relevant about:
Funds, in excess ofthose requiredforthe general operation of
• Policy on grant-making; Mid Cornwall Circuit, are investedwiththe Trustees for
Methodist ChurchPurposes.
• Policy programme related
investment; Much of the oversight, management, and day-to-day activity of
Mid Cornwall Circuit is undertaken by volunteers (lay people).
• Contribution madeby
volunteers. We continue to explore newways of working to enable the
circuit to moveforward and serve thecommunity both now and
in the futureandthe Circuit LeadershipTeam has looked at how
we can utilize our human resources (lay staff) effectively.
The Mid Cornwall Grants Committee (MCCGC) will be responsible
for all mission application grants. Theseare grantsfor which a
clear published application process is to be drawn up will be
made on individual grants against set criteria e.g. mission and
ministry grants.

Summary of the main The outworking of our Christian faith, and the key emphasis
achievements of the charity within the Methodist Churchas a whole, is seen in the priority
during the year we place on social holiness. In particular, howwe share and
demonstrate the good news of God in JesusChrist.
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 dismissedas
of little importance, for much ofwhatwe do is not overt or
showy.
Underpinning all thatwe do, in our local church families
and togetheras a Methodistcircuit, is our faithfulness and
commitment to serve the God ofthe Church and all creation.
At the beginningofthe new year, we renewed our Mission
statement to include:
We seek to respond to God's love through worship, learning,
service and evangelism.
•
Worship: Helps us become more aware of God's presence
and offers space for gratitude, reverenceand praise.
•
Learning and Caring: Nurtures faith through scripture,
fellowship and the sharing of kindness, compassionand
understanding.
•
Service:Seeksto be a sign of hope by caringforthose in
need and speaking upforjustice.
•
Evangelism:Shares the love of Christby creating welcoming
spaces in which faith can be explored and encouraged.
•
Recent government changes have restricted VATreclaims,
reducing local funding by around £400,000.
•
Professional advice is being sought as we explore possible
VAT recovery options.
•
Further funding is being pursued for the later phases of the
project.
Carnon Community Hub:
•
The contractor began work on 6 May, and the project is now
halfway through its 12-week programme.
•
So far, the only issue has been electrical work, which is not
unusual in an older building.
•
Decisions are now being made on paint and carpet colours.
•
The project is likely to face VAT reclaim issues similar to
those affecting Kemeneth.
Eco-Church:the number of chapel buildingswith at least bronze
accreditation to 10
The Gospel Table: This project has been receivedwith real
encouragement by the District NPNP Group
Children & Families:This work continues to grow in encouraging
ways. The Easter Open the Book Roadshow shared the
Resurrection storieswith 1,150 children across five schools.
Toddler groups are thriving, with Little Eden moving to monthly
celebration -style gatherings.
Youth: The club regularly welcomes 16young people and is
sustained by the faithfulsupport of a committed volunteer team.
Together, these accomplishments highlight our resilience,
adaptability, and dedication to serving the community through
both immediate support and future-focused development.
These opportunities enable the church to be the hands and feet
ofChrist by supporting those in need.
After net expenditure forthe year of £394,523, the funds held at
Briefstatement ofthe the end of the reporting periodtotal£2,649,098,ofwhich
charity'spolicy on reserves £3,287 is restricted and the balance unrestricted. 2024-2025 FY
has been an 'extraordinary' onewith measures being pursued to
address the deficit. The policy of the Circuit is to hold three
months expenditure in hand (approximately £200k). Free
reservesare currently £205k.
The aspirational target ofretaining £300kfromthe future saleof
propertyassets will provide a grant aid pot for peopleand
projects serving the missional aims of the Circuit.
This fund is administered by a grants team appointed by the
circuit meeting.
Details of any funds None
materially in deficit

urth er financial review details ( Optional information) Optional information)
You may choose to include Principal sources of funds:
additional information, where • Agreed annual assessmentspaid by Circuit Churches
relevant about: • Rental from three manses
• Capital Receipts
• The charity's principal
sourcesof funds (including Expenditure on Objectives
anyfundraising); • Most of the expenditure is related tothe pay and
associatedcosts ofpresbyters and lay workers.
• How expenditure has • The stewardship and maintenance of manses
supported the key • Annual assessmentspaid to the South West Peninsula
objectivesofthe charity; District of the Methodist Church
• Investment policy and Investment Policy
objectives including any • Uncommitted funds are deposited with the Trustees for
ethical investment policy Methodist ChurchPurposes, who maintain a policyof
adopted. ethical investment.

Signed on behalf ofthecharity's trustees trustees
Signature(s)
Full Name(s)		 I" 5144
0		 . 14./ vUZ Artil-(s. 112_cos>
Position (Secretary, Chair etc) TA V- y(I-KZAaLL0-0rt
Date \y ,t -iv I 0 4=, I 7-e>

Statementof F inancial inancial Activities ( S OFA)for t he year end ed 31 A ugust202 5
Notes to
the
accounts		 General Fund
(Unrestricted)		 Circuit Model
Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2024-25
£ £ £ £ £ £
Income
1 Donations and legacies 4 -
2 Income from monetary investments 6 2,055 21,134 160 23,349
3 Income from investment properties -
4 Assessmentson Churches 313,321 313,321
5 Capital Receipts 161,568 161,568
6 Grants received 4 80,500 80,500
7 Transferon Church closure 300,000 300,000
8 Other charitableincome 5 55,386 55,386
9 Total income 670,762 182,702 - 80,660 - 934,124
Expenditure
10 Grants and donations 511,159 511,159
11 Salaries and associated costs 10 251,891 80,500 332,391
12 Propertymaintenance 194,912 102,476 297,388
12 Connexional assessment& model trust levy -
14 DistrictAssessment& Levy 76,140 76,140
15 Depreciation 9,252 9,252
16 Office expenses -
17 Other outgoings 49,952 52,423 102,375
18 Total charitable expenditure 330,256 917,949 - 80,500 - 1,328,705
19 Gains/(losses)
on monetary investments		 - 14 - 44 - 58
20 Gains/(losses)
on investment properties		 - - - - - -
21 Net income/(expenditure) 340,506 - 735,233 - 204 - - 394,523
22 Transfersbetween funds - - - - - -
23 Other gains/(losses)
24 Net movement in funds 340,506 - 735,233 - 204 - - 394,523
25 Total funds broughtforward 174,556 2,865,982 - 3,083 - 3,043,621
26 Total funds carried forward 515,062 2,130,749 - 3,287 - 2,649,098

Statement of Fi nancial Activities ( SOFA)fort he year end he year end ed 31 A ugust2024
Notes to
the
accounts		 General Fund
(Unrestricted)		 Circuit Model
Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2023-24
£ £ £ £ £ £
Income
1 Donations and legacies 4 - - - - - -
2 Income from monetary investments 6 5,611 29,353 - 212 - 35,176
3 Income from investment properties - - - - - -
4 Assessments on Churches 295,837 - - - - 295,837
5 Capital Receipts - 462,899 - - - 462,899
6 Grants received 4
- - - - - -
7 Transferdue to amalgamation - - - -
8 Other charitable income 5 82,871 - - - - 82,871
9 Total income 384,319 492,252 - 212 - 876,783
Expenditure
10 Grants and donations 37,000 - - - - 37,000
11 Salaries and associated costs 10 322,316 - - - - 322,316
12 Property maintenance 24,402 - - - - 24,402
12 Connexional assessment
& model		 trust levy - - - - - -
14 District Assessment
& Levy		 76,132 - - - - 76,132
15 Depreciation 12,336 - - - - 12,336
16 Office expenses - - - - - -
17 Other outgoings 76,905 15,051 - - - 91,956
18 Total charitable expenditure 549,091 15,051 - - - 564,142
19 Gains/(losses)
on monetary investments		 - 546 - 193 - 739
20 Gains/(losses)
on investment properties		 - - - - - -
21 Net income/(expenditure) (164,772) 477,747 - 405 - 313,380
22 Transfersbetween funds - - - - - -
23 Other gains/(losses)
24 Net movementin funds (164,772) 477,747 - 405 - 313,380
25 Total funds brought forward (as restated) 339,328 2,388,235 - 2,678 - 2,730,241
26 Total funds carried forward 174,556 2,865,982 - 3,083 - 3,043,621

Notes to the General Fund
(Unrestricted)		 Circuit Model
Trusts
(Unrestricted)		 Circuit Model
Trusts
(Unrestricted)		 Designated Funds
(Unrestricted)		 Designated Funds
(Unrestricted)		 Restricted
Funds		 Endowment
Funds		 Totals 2025 Totals 2024 (As
restated)
Accounts £ £ £ £ £ £ £
Fixed Assets
Circuit Manses& Equipment 11 33,111 1,032,845 1,065,956 1,075,208
Investment properties 12 309,839 1,056,842 - 1,366,681 1,066,681
Investments 12 7,619 1,749 - 9,368 9,310
Total fixed assets 350,569 2,089,687 1,749 2,442,005 2,151,199
Current Assets
Debtors and prepayments 13 17,827 17,827 37,139
Trustees for Methodist Church Purposes 14 41,062 41,062 772,455
Central Finance Board Deposits 14 85,466 85,466 74,543
Cash at Bank and in hand 14 95,764 1,538 97,302 52,837
Total currentassets 199,057 41,062 1,538 241,657 936,974
Current liabilities
Creditors (due in under 1 year) 15 34,564 34,564 44,552
Total currentliabilities 34,564 34,564 44,552
Netcurrentassets/liabilities 164,493 41,062 1,538 207,093 892,422
Total assets less currentliabilities 515,062 2,130,749 3,287 2,649,098 3,043,621
Longterm liabilities
(due after more than oneyear)
Loans by the Circuit
Netassets 515,062 2,130,749 3,287 2,649,098 3,043,621
Funds ofthe Circuit
General Fund (Unrestricted) 18 515,062 515,062 174,556
Circuit Model Trust Funds (Unrestricted) 2,130,749 I 2,130,749 2,865,982
Designated Funds (Unrestricted) 18 -
TotalUnrestrictedFunds I 2,645,811 3,040,538
Restricted Funds 18 3,287 3,287 3,083
Endowment Funds
Total Funds 515,062 I 2,130,749 I I 3,287 2,649,098 3,043,621

Cash flow statement forthe year ended 31August2025
2025 2024
Statementof cash flows Note £ £
Cash from operatingactivities
Net cash used in operating activities (699,354) 248,737
Cashflows from investing activities
Dividends,interestand rents from investments 23,349 35,176
Purchase of property, plant and equipment - -
Net cash provided by investing activities 23,349 35,176
Cash flows from financing activities
Newborrowing - -
Repaymentsofborrowing - -
Net cash used in financing activities - -
Changein cash and cash equivalents in the reportingperiod (676,005) 283,913
Cash and cash equivalents at the beginning of the reporting period 899,835 615,922
Cash and cash equivalents attheend of the reportingperiod 223,830 899,835
2025 2024
Reconciliation of net income to net cashflow from operatingactivities £ £
Net income for thereporting period (as perstatementoffinancial activities) (394,523) 313,380
Adjustmentsfor:
Depreciation and amortisation charges 9,252 12,336
Fixed assets, investments and investment properties transferred on amalgamation (300,000) -
(Gains) / losses on investments (58) (739)
Dividends,interestand rents from investments (23,349) (35,176)
(Increase)/decrease in debtors 19,312 (16,321)
Increase/(decrease) in creditors (9,988) (24,743)
Net cash used in operating activities (699,354) 248,737
2025 2024
Analysisofcash and cashequivalent £ £
Cash in hand 223,830 899,835
Total cash and cash equivalents 223,830 899,835

1. Basis of accounting
The financial statements have been prepared under the historic cost convention, and in accordance with the 2019 version of Accounting
and Reporting by Charities: Statement of Recommended Practice (SORP) applicableto 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 of the Circuitwhich are Unrestricted. The Circuit Model Trust Fund has
wide purposes defined in Standing Ordersand is categorisedas unrestricted. Restricted funds which are held for a narrower purpose.
Details of each material fund are disclosed in the final note to these accounts. Any funds maybe representedby more than just cash.
3. Accounting policies
Basis

Mid Cornwall Circuit, Mid Cornwall Circuit, The Methodist Church
4.
Donations and legacies		 Unrestricted Circuit Model Designated Restricted 2025 2024
Trust Fund Funds Total Total
£ £ £ £ £ £
Donations
- - - - - -
Grants - - - 80,500 80,500 -
Furlough grant - - - - - -
Total - - - 80,500 80,500 -
5.
Charitable activities		 Unrestricted Circuit Model Designated Restricted 2025 2024
Trust Fund Funds Total Total
£ £ £ £ £ £
Manse rental income 53,308 - - - 53,308 71,628
Other income 2,078 - - - 2,078 11,243
Total 55,386 - 55,386 82,871
6.
Investment income		 Unrestricted Circuit Model Designated Restricted 2025 2024
Trust Fund Funds Total Total
£ £ £ £ £ £
Interest and dividends 2,055 21,134 - 160 23,349 35,176
Total 2,055 21,134 - 160 23,349 35,176
7.
Othertradingactivity		 Unrestricted Circuit Model Designated Restricted 2025 2024
Trust Fund Funds Total Total
£ £ £ £ £ £
Other income
- - - - - -
Total - - - - - -

Fees for examination or audit ofthe accounts
Independentexaminer'sor auditors' fees for reporting on the accounts 2,500 2,550
Other fees (eg: advice, accountancyservices) paid to the independent examineror auditor £ 2,250 5,950

Ministers
Stipends, salariesand benefits in kind £ 120,772 113,701
Employer'sNational Insurance costs 12,798 10,725
Pension costs 18,612 23,033
Layworkersand administrator
Stipends, salariesand benefits in kind £ 159,963 155,786
Employer'sNational Insurance costs 13,743 11,795
Pension costs 3,965 3,829
Supernumeraries 300 1,329
ApprenticeshipLevy 1,662 1,542
Payroll service charge 576 576
Total staff costs £ 332,391 322,316
Average number of full-timeequivalent employees in the year were: 14 13
No employeeearned more than £60,000 per annum

equipment.
Paymentson
Fixtures, account and
Residential fittings and assets under
Land Buildings Manses equipment construction Total
£ £ £ £ £ £
Balance brought forward (as
restated) 1,038,201 88,514 - 1,126,715
Additions
- - - -
Revaluations(+/-)
- - -
Disposals (-)
- - -
Transfersto investment property - - - -
Transfersdue to amalgamation - - - -
Balance carried forward - - 1,038,201 88,514 - 1,126,715
Accumulated depreciation
Balance brought forward 51,507 51,507
Depreciation charge foryear (-) 9,252 9,252
Revaluations (+/-)
-
Disposals
(-)
-
Transfers*(+/-)
-
Balance carried forward - - - 60,759 - 60,759
Net book value
Brought forward (As restated) - - 1,038,201 37,007 - 1,075,208
Carried forward - - 1,038,201 27,755 - 1,065,956

2024 (As
2025 restated)

Analysis of investment movements
£ £
Investmentslisted on a recognised Stock Exchange
Investmentsheld in CFB Managed Funds 9,368 9,310
Securities not listed on a recognised stock exchange
Other investments - investment properties 1,366,681 1,066,681
Total 1,376,049 1,075,991
2024 (As
2025 restated)
Change in investment values
£ £
Carrying (market) value at beginning of year 1,075,991 1,075,252
Add: additions to investments at cost
Add: Transfers of closed chapelto Circuit 300,000
Transfer of investment properties from fixed assets
Net gain/(loss) on revaluation 58 739
Carrying (market) value at end of year 1,376,049 1,075,991

13. Analysis of currentassets 2025 2024
Debtors and prepayments £ £
Trade Debtors - 7,038
Other Debtors - 11,500
Prepayments 17,827 15,273
Accrued income - 3,328
Total debtorsand prepayments 17,827 37,139
14 Analysis of cash at bank 2025 2024
Bank balance held at Lloyds TSB Current account 97,302 52,837
Bank balance held in TMCP CircuitModel Trust Fund 41,062 772,455
Bank balance held in Stipends Account / CFB Account 85,466 74,543
Central Finance Board Circuit Fund Accounts - -
Total Cash and Bank 223,830 899,835
15. Analysis of current liabilitiesand long term creditors 2025 2024
Trade creditors - -
Other creditors
- -
Deferred income 28,864 35,880
Accruals 5,700 8,672
Total Current Liabilities 34,564 44,552

Unrestricted Funds as restated as restated
Fund Name Opening Income Expenditure Transfers Gains / Closing Purpose of the
Balance Losses Balance fund
General Fund 174,556 670,762 (330,256) - - 515,062
Designated Funds - - - - -
CMTF 2,865,982 182,702 (917,949) - 14 2,130,749
Totals 3,040,538 853,464 (1,248,205) - - 2,645,811
Restricted Funds
Fund Name Opening Income Expenditure Transfers Gains / Closing Purpose of the
Balance Losses Balance fund
Probus Holding fund 1,918 - - - 44 1,962 Future works at
Probus
Interest from
Interest in Current Account 1,065 160 - - - 1,225 Gerrans,
Medlyn and
Nicholls funds.
Layworkers Grants - 80,500 (80,500) - - - Support for staff
costs
JH Medlyn 100 - - - - 100 Upkeep of
building
Totals' 3,083 80,660 - 80,500 - - 3,287
Endowment Funds
Fund Name Opening Income Expenditure Transfers Closing Purposeofthe
Balance Balance fund
Totals - - - - -