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2021-08-31-accounts

Notesto the Unrestricted CMTF Designated Restricted
accounts funds(Unrestrlcted)Funds Funds Total2020/21 Total2019-20
f€ E f.€
lncome and Endowmentsfrom:
Donations 825 825
Grcnts 5,000 trnan 5,AOO
Charitable activities
Assessmentsorshare 178,4!5 tt8,4t5 763,555
Other 4,182 4,L82 1 Ca'
Othertradingactivities
- Lettings 15,600 15,600 75,54A
lnvestments 1ac
I JJ
coo
gOJ
3,s46-
Surplusonsaleof fixedassets
Tstal 244,757
689
20ia45 79O,945
Expendhure on:
Stipends,salaries,NIC&Pension costs 121,894 127,894 118,626
District Assessment 4,247 8,247 7,845
MethodistChurchFund 32,061 32,061 30,627
Telephone &travel 3,048 3,048 L,426
lnsurance, utilities, etc L2,64A 12,644 12,570
Maintenance onmanses 7,248 51,674 52,883 28,800
Expenditure onotherCir€uitproperty 1,315 1,315 2,240
0therExpenditure 18,955 416 4,844_ 862 25,477- 76,057
Connexional Property FundLevy
ContributionstoDistrict AdvanceFund 7,883 7,883 12,426
Total 199,369 8,299 55,518 862 265,048 23CI,611
I{etincomel{expenditure} 5,389 (7,610) (56,518) (8621 (59,601) (40,266)
fransfers between funds 14
58,409
(85,500) 27,A91 0
SubTotal 63,798 {93,Xto} {29,428} (8521 (59,6021 (40,266t
Other recognisedgains/(losses):
Gains/{Losses}ofiinvestmentassets 4,999 4,ggg (l,see)
Net movementinfunds 68,797 {93,X1.0} 129,42A1 {862) (5d6031 {42,265}
Reconciliation offsnds:
Total fundsbrought foi'ward 1,M2,562 207,567 38,452 oaa 1,689,537 7,737,902
Total funds cerriedfcrward 1,511,359 114s51 9,424 0 1r634,9:14 1,689,537

West CornwallMethodistCircuit
Balance Sheetasat31August 2021
Unrestricted Circuit Model Restricted Designated Total Totql
TrustFund Funds 2O2Al2L 2079/20
(Unrestricted)
f f f f f E
TangibleFixedAssets
Notes
Land&Buildings 10 L,295,52O 7,295,52O 7,295,524
Totolfixedassets 1,295,520 L,295,52O L,295,52O
CurrentAssets
Debtors andPrepayments tz LL,268 LL,268 24,564
Other
TrusteesforMethodistChurch
Purposesdeposits 11 37,002 114,551 151,553 239,788
Central Finance Board Deposits 199,930 9,O24 208,9s4 743,779
CashatBankand in hand 32,433 32,433 23,s03
Total currentdssets 28O,632 114,551 9,024 4O4,2O8 43O,974
Creditorsand Accruals
(due in under1yr) 13 64,793 64,793 36,958
Netcurrentassets(liabilities) 2L5,839 114,551 9,O24 339,415 394,016
Tatolqssetslesscurrent liobilities 1,511,359 I,L4,55L 9,024 1,634935 1,589r535

NotestotheAccountsforthe yearended 3t.8.2O21 yearended 3t.8.2O21
unrestrictedcircuitModel
TrustFund
Designated Restricted 202L
Total
2020
Totol
ff ff EE
4. Donations
Donations 825 825
Total 825 825
6.Other trading activities
LettingsBedfordRoad Manse 15,500 15,500 15,500
Total 15,500 15,600 75,600
7.lnvestment income
CentralFinance Board 735 735 1,246
TrusteesforMethodistChurch
Purposes 689 689 2,i00
Total 735 689 t,424 3,545
8.Payment to Trustees
Allofthe MinistersandtheCircuitAdministratorare members ofthe Circuitmeeting and areaccordinglyManaging
Trustees ofthe charity, therefore all remunerationdisclosedin Noteghasbeen paid to Trustees ofthe charity.
202L 2020
Numberoftrustees who werepaid expenses l-l l--t
Expensepayments primarilyrelatetoreimbursement for travel, stationeryand postages.
Total amount paid f f
3,1rsl
f
-,41?1
9.Payments ofStipends, Salaries,NIC andPensionContributions
StaffCostspaid during the yearwere: t
Grosswages,salaries and allowances 92,600 90,164
Employer'sNationallnsurance costs 7,918 7,649
Pension costs 21",376 20,813
Total staffcosts L21,894 718,626
Average number of staff employed during the year were:

Costor valuation
Manses Total
f f
Balancebrought forward 1,,295,520 7,295,520
Additions
Revaluations(+/-)
Disposals(
Balance carriedforward 7,295,520 L,295,520

202t 2020
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UrrestrictedFunds UrrestrictedFunds
Unrertrlct€d Openln8 lncome Expendlture Transfetsf Gain:1loss€s CloslngBalancef
Fund ltleme Salance { eft
lnveitmants
Ganerrl 1.442.56i 20{.75; 199.36! 58,40! 499! 1,359
CMTF 207,66! 68! 8,29! {8s,sco Itrqq1
IU]rrstricted]
1.650.?2: zo5,44a 207,66i lz7,@L 4,99! 1,625.91(

Chanitydetails
Full NameofCharity: West Cornwall Methodist Circuit
RegistrationCharityNumber: 1L3569
Dateofregistration: 77ihApril,20L0

Circuit Ministersandoffice rs
ActiveCircuitMinisters Revd DrAlastair Bolt(uniil3L*August 2021)
Revd RalphWard(from1sSeptember7AZll
RevdEdwin Myers
Deacon Stephen Richardson
CircuitStewards MrsLinda Stevens
fu{rjeremyDrew
Mrsfrlicala Jones
MissKarenCurnow
Administratar: hllrsAlison Gunderson
lnvestmentBankers CentralFinance Board oftheMethodistChurch
TrusteeEforMethodistChurch purposes
Cr:rrentAccount LloydsBankplc,P0Box1$CI0BX1 1LT
IndependentExaminer Mr AnthonyRowe, Benoni, SteepleLane,5tlves TR26 2AY
Solicitors BlakeMorganLLP

uringZfrZA-ZLthefollowingMeth odistChurcheswere linkedtothe circuit:
ChapelStreet,Penzance
HighStreet,Penzance
Drift
Centenary,Newlyn
Trinity,Newlyn
Escalls
Bible Christian, 5tlves
United, 5tlves
l'lellesveor
Guival Mousehole StErth
Madran
WesleyRock,l-leamoor
5tBuryan
5tJust
Chy anGweal
CarbisBayWesley