2022-08-31-accounts - West Cornwall And Isles Of Scilly Methodist Circuit

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The West Cornwall	Circuit was formed in September 2018from the merger	Circuit was formed in September 2018from the merger	Circuit was formed in September 2018from the merger	Circuit was formed in September 2018from the merger	ofthe	ofthe	former St Ives Circuit	former St Ives Circuit
and the former West Penwith Circuit. There are currently fifteen Churches.
Charity details
Full Name ofCharity:		West Cornwall Methodist Circuit
Registration Charity	Number:	113569
Date ofregistration:		27'"April, 2010
Main communication	address:	Circuit Office, The Centre, Chywoone	Hill, Newlyn,				Penzance TR18SAR
The members ofthe West Cornwall Methodist Circuit meeting are the				Charity Trustees,				membership
being made up ofCircuit office holders, ministers and representatives				appointed		by the		local Churches.
Full membership is	shown as Appendix Ato this report.
Circuit Ministers and officers
Active Circuit Ministers		Revd Ralph Ward
		Revd Edwin Myers
		Deacon Stephen Richardson (until 31"July 2022)
		Revd Matt Fugill (from 1"September	2022)
Circuit Stewards		Mrs Linda Stevens (until 31"December		2022)
		Mr Jeremy Drew
		Mrs Nicola Jones
		Miss Karen Curnow
		Mrs Margaret Richards (from 9""November			2022)
Administrator:		Mrs Tania Bird
Investment Bankers		Central Finance Board ofthe Methodist		Church
		Trustees for Methodist Church purposes
Current Account		Lloyds Bank pic, PO Box1000BX11LT
Inde'pendent Examiner		Mr Kieran Stephens ACCA, AW Accountants,			Trevenson			House, Pool,
		Redruth. TR153PT
Solicitors		Blake Morgan LLP

uring 2	021-22the following M	ethodist Churches we	re linked to the C	ircuit:
Chapel	Street, Penzance	Escalls		St Erth
High Street, Penzance		Mousehole
Drift		St Buryan		Chy an Gweal &
Gulval	(until 31/8/22)	Bible Christian,	St Ives (until	Carbis Bay
Madron		31/5/22)		(until both merged	on
Wesley	Rock, Heamoor	United, St Ives		1/6/22 as Carbis Bay
Centenary, Newlyn		Hellesveor		Combined)
Trinity,	Newlyn	StJust

statement offlnan	dal A	ctiviti	es (sofA) f	orthe year ended	31August 2	022
				Notes totha	Unrestricted	CMTF	Designated	Restricted
				accounts	funds	(Unrestdcted)	funds	funds	Total 2021/22	Total 2020-21
					E	E		E	E	3
Income and Endowments		from:
Donations				4						825
Grants				5	18,944				18,944	5,000
Charitable activities
Assessments orshare					164,180				164,180	178,415
Other					5,603				5,603	4,182
Other trading activities				6
-Lettings					15,600				15,600
Investments				7	1,386	487			1/I73	1,424
Surplus on sale of	Axed assets
Total					205&713	487
Expenditure on;
Stipends, salaries,	NIC 8&	Pension costs		9	126,913				126,918	121,394
Distdct ASsessmen'					8,369				8,369	8,247
Methodist Church	Fund				31,395				31395	32,061
Telephone ih travel					3,636				3,636	3,049
Insurance, utgltles,	erc				15,309				15,309	12,&IO
Maintenance on menses							3,398		3,398	52,883
Expenditure on other Circuit property					4,486				4&486	1,315
Other Expandhum					12,058	327	6,010		18,395	25,077
Pension Reswve Payment						10,000			10,000
Contributions to District		Advance Fund				3,227			3,227
Teaal					202&171	13~			225,135	265&048
Net income/(expenditure)						(13,067)	(SAW)	0	(28&933)	(59&602/
Transfers between	hmds			14	20,500	(SS,500)	15,000
Sub Total					24,041	(48,567)	5,592	0	(18,933)	(59,602/
Other recognised gains /		(losses):
Gains/(Losses) on investment			assets		(2,530)				(2,530)	4,999
Net movement ln	funds				21&512	(48&567)	5,592	0	(21&463)	(54&603)
Raconcglation offunds:
Total funds brought forward					1,511,359	114,551	9,024	0	1,634,934	1,639,537
Total funds carried	forward				1,532,871	65,984	14,616	0	1,623&471	1,634,934

Balance Sheet asat31A	ugust 2022
			Unrestricted	Circuit llllodel	Restricted	Designated	Total	Total
				Trust Fund		Funds	2021/22	2020/22
				(Unrestdcted)
			6	8	8		6	6
Tangible Reed Assets
		Notes
Land &Buildings		10	1,295,520				1,295,520	2,295&520
Total)bred assets			1,295420				1,295,520	1,295,520
Current Assets
Debtors and Prepayments			9,645				9,645	11,268
Other
Trustees for Methodist	Church
Purposes deposits			35,031	65,984			101,015	151,553
Central Finance Board Deposits			203&218			14,616	217,834	208,954
Cash at Bank and In hand			21,897				21,897	32,433
Total cunent assets			269,791	65,9$4		14,616	350,391	404,208
Creditors and Accruals
(due In under 1yr)		13	32,440				$2,440
Net current assets (Babgitles)			237,351	65,984		14,616	317,951	339,415
Total assets fesscurrant ffoNlltfes			1,532,871	65,9$4		14,616	1,613,471	1,634,9$5

Notes tothe Accounts for the year	Notes tothe Accounts for the year	Notes tothe Accounts for the year	Notes tothe Accounts for the year	ended	ended	$121.2022	$121.2022
			Un~n		d	ClrcuitModel Trust Fund		0	siWamd Ibun~			2022 Total	2021 roaal
					6		E			E	3	E
Donations													325
Total													025
5.Grants
Distdct Advance Fund				5,000								5,000	5,000
District Advance Fund			13,944									13,944
Total			tsr944									1S,S44	5,000
6.Other trading actlviths
Inttlngs Bedford Road	Manse		15,600									15,600	15,600
Total												15,600	15,000
7.Investment Income
Central Finance Board				1386								1386	735
Trustees for Methodist	Church
Purposes												4S7	639
Total												Vrfs	1,424
ILPayment toTrurteas
Ag ofthe Ministers and the Circuit		Administrator			are	members	ofthe	Orcus meeting and			are eccordlngly
Managing Trustees ofthe charily, therefore				ag remuneration			dlsdosed		in	Note 9has been	paid toTrustees ofthe
										2022			2021
Number oftrustees who were paid		exPenses
Expense payments primer gy relate		to reimbursement				for travel, stationery				and postages.
Total amount paid										5 ~3,992
9.paymenn ofstb»nds, Salaries,		NIC	end pension			Contributions
StaffCons paid during	the year were:
Gross wages, salaries and allowances										96,787			92.600
Employer's National insurance costs										3,569			7,910
Pension mats										21,561			21,376
Total staff sorts										126,910			121,094
Average number ofstaff employed		during the year				wares

Debtors and prepayments
Pre paid stlpends
Assessments due
Total debtors and prepayments
Analysts ofcash at bank
Bank balance held ln uoyds TSS
Bank balance held in Central Finance Board
Total Ooh and Sank