## ## |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|-|-||||-|||-|-| ## ## ## ## ## ## ## ## ## ##