THE LISKEARD AND LOOE
METHODIST CIRCUIT
YEAR ENDED: 31st AUGUST 2023
The Receipts and Payrnents Account have
in1"orn￿tion and explan&ions supplied.
Daied this 18 dav of Decemttr. 2023
DAWL HAWKEN & DODD
Chartircd Certified .4c¢ounianis
CallingtO￿ Cornwall.

Circuit No 12 19
Liskeard & ￿0e Circult
Ind¢pendent E￿MIne￿I Report
R¢JpoD8lbllllleJ Ind BaJl8 of Report
I report to the TTUSt¢es on my examination of the a¢¢ounts of the Liskc8rd & LA)ce Circuit for the yeAr ended 31 Au8usL 2023. A5 the C]￿ult,8 Iru*es, you or¢
r¢spon$ible for the accounts in Accordanc¢ with the requirements of the Clwities Act 2011 {'th¢ Ace).
I rtport in ￿sPeCt of my examination of the Circuit's a￿oUnts carried out under S￿li0n 145 of the Act and. in wryin8 Out my ¢xamination. I hov¢ followed all
the applicable Directions given by th¢ ChArity Comrnisston under 8e¢tion 145(5Xb) of the Act.
Independent Exthlner'j Stat¢ment
I have completed my examination. I confirni that no mat¢riAI matters hav¢ come to my attention in connection with the examination which gave
me cause to believe that in. any material resF¢ct'.
the a¢countin8 records were not kepi in accordance with section 130 of the Act. or
the o¢counts do not accord with the accounting records.
I have no concerns and have ¢ome across no other matters in connection with the examination to which attention should b¢ drawn in thiy r¢wirt in
order to enable a proper understanding of the wunts to be reached.
I hBve not oblained independent verification of investments with the Trustees for Methodi8t Church Purposes or held in other trusts, bank
balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £1 0,000 (ten thousand pounds) at
the balance sheet date.

Circuit No 12 19
Liskeard & Looe Circuit
Ind¢pend¢Dt Ex•mlner's Report (continued)
Signature of Independent Examiner ...
Name of Ind¢pend¢nt Examiner., Andrew Farr
Relevant Professional Qualifi¢atiorA of Independent Examiner.. FCCA
Name of Firn]: Dawe, Hawken & Dodd
Address.. 52 Fore Street, Callington, Cornwall, PL17 7AJ
Date.. 19 January, 2024

## 

## 

||UNRESTRICTED|CIRCUIT    RESTRICTED    TOTAL|CIRCUIT    RESTRICTED    TOTAL|
|---|---|---|---|
||FUNDS|MODEL             FUNDS||
|||TRUST||
|||FUND||
|RECEIPTS|||££|
|Assessment|89927||89927|
|Interest and Investment Income|673|8283|286            9242|
|Cirauts|1000||1000|
|EL Reeived|31772||3 1772|
|Donations|200||200|
|IIrerease in Investments||2258|2258|
|Other Receipts|15338||15338|
|TOTAL RECERTS|138910|10541|286         149737|
|PA-NTS||||
|Stipends and Salaries|36634||36634|
|Expenses incl. Travel Costs|1679||1679|
|Manse Costs|9950||9950|
|Lay Salaries and Expenses|14326||14326|
|Ttlaphone and Etroadband|2052||2052|
|Accountancy|840|||
|hisurance|7305|||
|Puhrit Materials|4592|||
|Performing Rights Licence|1162|||
|Plans, Postage, Printing and||||
|Stationery|1018||1018|
|District Assessment|27448||27448|
|Training, Development &||||
|Evangefro|331||331|
|Grants and Donations|1200||1200|
|"CP Charges and Levy||10268|26           10294|
|Qinquenrials|2215||2215|
|Legal Fees|4858||4858|
|Shared ivfinistry Costs|1860||1860|
|Cemetedes and Closed ChLREh<br>Exp-|10737||10737|
|Oner Payments|2789||2789|
|TOTAL PA¥MEr`ITS|130996|10268|26         141290|
|suRPLus FOR THE TEAR BnFORE||||
|TENSFERS|7914|273|260            8447|
|TFusFERS|11573|11573||
|®EFICIT)/SURPLUS FOR THE YEAR||||
|AFTER TRANSFERS|36591|11846|260            8447|





|||||I||
|---|---|---|---|---|---|
||||||EIEid|
||c8Z`8|0|Elill|I||
|||||I||
|60TT7||||||
||8SZ`Z|||||
|||||009Z0€4Z||
||€4S`I[|||||
||||||864¢480`T009Z09b8`[TZ69S40l|
|||||p9,906`80||





|86€`Z|||
|---|---|---|
|s8`„|||
|€zz`€|||
|4SS`€<br>9€Z`8Z|||
||0|I_.**E**i]|



|I||
|---|---|
|[zly06l€`Z||
||86€`Z|
||s8`,9|
||€zz`€|
||z98`4|
|140S[€|40ST€<br>4SScC<br>0<br>z9Z`8Z|
|I|€O;9.i-tyl|
||68€`6|
||z46`CZ[|
|0410|zT`SZI|
||0|
||0|
||1PZT`SZ[04[06CS`Z|
|9ty688`80||





Circuit No 12 19
Liskeard & Looe Clreuit
Balance Sbeet as At 31 Augujt 2023
Notes to
The
A¢¢ouDts
Clrcult Model
Dttlgll*t
Genenhl Fund
Trust
Funds
(UDre8trl¢ted) (Uttre4trleted) (Unre8trlcted)
Regtrl¢¢ed Endowment
Fundi
F￿ndS
Totsl
2021n2
2022n3
Flsed Agjeti
Circuit Manse8 & Equipment
Inveslment Prop￿rtIeS
Investments
Total Flxed Ajsets
485,148
1,903,920
485.148
1,903,920
411,141
898.576
2 389 068
2389068 1309717
CurreDt AM¢ts
D¢btor8
Li)ans by the Circuit
Inv¢stments with TMCP
Central Finance BoArd Lkposits
Cash at Bank fjnd in Hand
Totsl CurreDt AJJ*ts
256.312
9,166
464
265,942
18,958
253.836
8,392
18.958
256312
464
319892
311445
Current Uabllltl
Creditors (due in under l year)
Grants Payabl¢ within 2022123
Total Curren¢ Llabllltlei
840
s,000
5.840
3,840
840
Net C•rreDt As•etslLl*bllltl
256312
464
314052
305 605
Total Auets le41 Curren¢ Llablllil
2437 178
256 312
464 2703 120 1615322

Liskeard & Looe Circuit
Circtsit No 12 19
B4lAnce Sheet is at 31 August 2023
(¢ontlnued)
Notes 10
The
A¢coufftts
Clrewlt Model
Cenernl Fund
DeJlgngted
Trust
Futtdy
{Unrestrl¢ted) (Unreslrlcted) (UDreJtrleted)
Re*lrl¢ted Endowment
F￿nd9
Tot*1
2022n3
Total
2021ll2
Th8 Term LIAbllitle9 (Due after more than l year
Grants P8y8ble afler 2022123
Loan$ lo the C1￿￿tt
et knets
2437 178
256 312
464 2703 120 1615322
Fu•d8 of tbp Clrnult
General Fund (Unrestricted)
Circuit Mi)del Trust Fund (Unrestricted)
D¢si8nated Funds (Unrestricied)
Regtrict¢d Funds
Endown7ent Funds
Total Futhds
2,437 178
256.312
2,437,178 1,361,486
256.312
244,466
9,166
2,093,490 1.605,952
9.166
8,906
464
464
464
464 ?703 120 1615322
2437 178
256312
We confirm thai ihe annual report and account5 tor Ihe year ended 31 August 2023 were presented to the circuit meetAn8 held
13 March 2024
Signature of Chair of meelin8...
Name ofchair ofmecling....l4¥,a.I ￿.£.￿.. M E.k.LO£,.
Signature of Treasurer..
Name of Treasurer.

Circuit No 12 19
LiskeArd & Looe Circuit
Bo811 of Aeeountlng
The financial statements have been prepared und¢r the Charities Act 2011 in accordance with the 2014 version of Aceounling and Reporting by
Charilies.. Statemenl of Recommended Prnctice (SORP) app1t￿ble to charities preparing their 8ccount$ in ￿ordanCe with FRSI 02 - the Charities
SORP (FRS102) and taking nole of th¢ U￿le Bulletin l issued in 2016.
Fund•
The funds held ¢onstitut¢'. General Funds held for purpose of the Cir¢uit which ar¢ Unrestri¢ted. The Circuit Model Trust Fund h&8 wide purposes
defined in Standin8 Orders and is ¢ategori8¢d A5 unrestricted. Re$tri¢ted ￿ndS which are held for & natrower purpose. Detsils of t￿h material fund
are dI￿10￿¢d in the fin￿ no* to these accounts. Any funds may be represented by more than just c&sh.
Aeeountln8 Pollele8
Ba819
These accounts have been prepared on Ihe basis of histori¢al cost except that investments are shown 8t their market V41uc at the ¢nd of lh¢ year, on the
ac¢tuals bg5iS to show a true and fair view of the Circuivs financi&l position and aciiviti¢$.
Notes to the AceouDts
ID¢omlDg Re￿￿ree0
Income is included in the St41ement of Financial Activities (SOFA) when the Circuit become¥ entitled to the resourc¢8. and the trustees are reasonably
rtain they will receive the resources; and the monetw value can be m¢asured with sutTici¢ni reliability.
Resourees Expended
This is reco8nised when o liability is incurred, or a constructive obligation ari8es. that results in the p4yment being unavoidable, Liabilities are
reco￿lISed as soon as an outflow of economic benefit is Considered more likely than not under the le8al or constructive obligation committin8 the
C1￿￿1t io pay out resourc¢&.
Grants
Gronts made by the Circuit from its own funds &r¢ recogni8ed In ￿11 at the time of agrwment or when the Clwuit accepts that there is 4 legal or
operAtional obli8ation to make the paym¢nt.
VAT
Since th¢ Circuit 15 not VAT r¢8iStered, all input VAT ts charged with th¢ expens¢8 to which it ￿fers.

Circuit No 12 19
Liskeard & Looe Circuit
Note4 to the Accounts (contlnued)
Aceounting Poll¢les (contlnued)
T Anglble Flxed Assets for us¢ by the Cir¢uit
Tangible fixed Asg¢ts are capitalised if they ¢an be used for more than one year. and cost At le&8t £1,000. The frtthold property 1$ shown in th¢ a¢counts
at 750/0 of th¢ 2023 insur¢d values. No depre¢iatiort is provided on the building ￿caUSe the Trusl¢es consider the current residual fair value of the
Mans¢ buildings (on the assumption that it had reached the end of its use￿1 e￿nomiC life by th¢ year end) to be not less than its curreni v91ue. Any
d¢pr￿lation would not be m&t¢rial. The property has been r¢viewed for impairnienl.
Investment Propertl
Investm¢nl properties are shown 81750/0 of th¢ 2023 insur¢d values.
No depreciation is provided on the building because ihe truste¢s consider the ¢urrent residual f&ir values are not 1¢$$ than their ¢wrent value8. Any
deprccigtion would not be material. These properties h8ve been reviewed for impttimient.
Investments
Investments are vulu￿ in th¢ balance sh¢¢t at mArket value at the ygar end, Investment inwme is included in the account$ when receivable and any
&ins or loJs¢$ on revolu&tion at tho year end ar¢ shown in the SOFA.
F¢¢J for Ex*mlDatlon or Audlt of th¢ Aceounts
2023
2022
Independent Examinef8 Fe¢s for Reporting on the Accounts
PAld Employeej
Staff Costs Pald during the YeAr we￿.
2023
2022
Total Staff Costs
Avewe Number of fvll-tlme equlvol¢nt Employees ltt the ye*r.

Circuit No 12 19
Li8keard & IAJoe Circuit
Note8 to the Aecounts {eontlnued)
Capital Commitments and Contlngent Llabilitie
At the 3111 Au8USt 2023 th¢r¢ Are no eapitsl ¢ommitments.
No Contingent liabilities were identified at 31 August 2023.
TanRJble Flxed A•Mts
Inve$tm¢nt
Properties
MAns
TotAI
VAluAtIoD
Ai 31 August 2022
Revaluation
Disposals
At 31 Au8USt 2023
411,141
74,007
898,576
1.005.344
1,309,717
1.079.351
485 148
1,903,920
2,389,068
Depreelvddon
At 31 August 2022
Additions
Dispo￿15
At 31 Auguit 2023
Net Book Value
AI 31 Au8usI 2022
At 31 Au8U8t 2023
411 141
485 148
898.576
1,903,920
1,309,717
2,389,068
Re8trlcted Fund
The balance of £9,166 in restricted futkds is the Roy Writer Fund which can b¢ used for any Methodist purpose.

CiwuitNo 12 19
LiskeArd & Looe Clrcuit
Notu to Ihe Accounts (¢ontlnued)
Payments to Truste¢8
Th¢ following pa)Th¢nts were made to Trustees. These All rel&ted to reimbursement of Circuit costs and primarily relate lo travel and computing ￿Sts.
2023
2022
Number of Truytoty
Amount