2023-08-31-accounts - West Cornwall And Isles Of Scilly Methodist Circuit

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Active Circuit	Active Circuit	Ministers	Revd Ralph Ward
			Revd Edwin Myers (until 29'" February 2024)
			Revd Matt Fugill (until 31"August 2024)
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)
			Mr Steve Canning (from 13'"February 2024)
Administrator:			Mrs Tania Bird
Investment	Bankers		Central Finance Board ofthe Methodist	Church
			Trustees for Methodist Church purposes
Current Account			Lloyds Bank pic, PO Box1000BX11LT
Independent		Examiner	Mr Kieron Stephens ACCA, AW Accountants,		Trevenson	House, Pool, Redruth. TR15
			3PT
Solicitors			Anthony Collins LLP

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	Cornwall		District	No	/ Circuit No
Ministers	Revd Ralph Ward
	Revd Matthew Fugill
	Revd Edwin M ers
Circuit Stewards	Mr Jeremy Drew	Miss Karen Curnow
	Mrs Nicola Jones	Mrs Margaret	Richards	(from	9/11/22)
	Mrs Linda Stevens	to 31/12/22
Circuit Treasurer	Mrs Tania Bird

					Notes tothe	Unrestricted	CMTF	Designated	Restricted
					accounts	funds f	(Unrestricted) f	Funds	Funds f	Total 2022/23 f	Totol 2022/22 f
Income and Endowments		from:
Donations					4	7,399				7,399
Grants					5						18,944
Charitable activities
Assessments or	share					165,619				165,619	164,180
Other						1,064				1,064	5,603
Other trading activities					6
—Lettings						19,8DO				19,800	15,600
investments					7	7,560	4,759			12,319	1,873
Surplus on sale of	fixed assets						105,773			105,773
Total						201342	1M,532			311,974
Expenditure on:
Stipends, salaries,	NIC &	Pension costs			9	129,073				129,073	126,918
District Assessment						7,684				7,684	8,369
Methodist Church	Fund					30,692				30,692	31,395
Telephone &travel						7,401				7,401	3,636
Insurance, utilities,	etc					12,974				12,974	15,309
Maintenance onmanses						11,416				11,416	3,398
Expenditure on other Circuit property						28,287				28,287	4,486
Other Expenditure						12,079				12,267	18,395
Pension Reserve Payment											10,000
Contributions to District Advance				Fund			1,649			1,649	3,227
Total						239,606	12137			241,443	225133
Net income/(expenditure)						(38,164)	108,695	0		70,531	(18,933/
Transfers between	funds					50,116	(35,50DI	(14,616)
Sub Total						22,952	73,195	(14,616)		70,531	(18,933)
Other recognised	gains / (losses):
Gains/(Losses) on	investment		assets			464				464	(2,530)
Net movement in	funds					12,416	73,195	(14,616)		70,995	(21,463)
Reconciliation offunds:
Total funds brought forward						1,532,871	65,984	14,616		1,613,471	1,634,934
Total funds cardied forward						1,545,287	139,179			1,684,466	1,613,471

Balance Sheet as at31A	ugust 2023
			Unrestricted	Circuit Model	Restricted	Designated	Total	Total
				Trust Fund		Funds	2022/23	2022/22
				(Unrestricted)
				f		6	6
Tangible Fixed Assets
		Notes
Land & Buildings		10	1,295,520				1,295,520	1,295,520
Totalfixed assets			1,295,520				1~295p520	2~295~520
Current Assets
Debtors and Prepayments		12	12,748				16,877	9,645
Other
Trustees for Methodist	Church
Purposes deposits			36,398	139,179			175,577	101,015
Central Finance Board	Deposits		227,784				227,784	217,834
Cash at Bank and in hand			12,457				12,457	21,897
Total current assets			289,387	139,179			432p695	350,391
Creditors and Accruais
(due in under 1yr)		13	39,620				39,620	32,440
Net current assets (liabilities)			249,767	139,179			388,946	317,951
Total assets less current	liobllltles		1,545,287	139,179			1,684,466	1,613,471

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Notes to the	Acco	unts	fo	r t	h	e	year ended	year ended		31.8.2023	31.8.2023	31.8.2023	31.8.2023
							Unrestricted			Circuit Model Trust Fund				Designated		Restricted			2023 Total	2022 Total
									E				E			E		6	E	6
4.Donations
Donations								7,399											7399
Total								7,399											7,399
5.Grants
District Advance	Fund																			5,000
District Advance	Fund																			13,944
Total																				18.944
6.Other trading	activities
Lettings Bedford	Road	Manse						15,600											15,600	15,600
Lettings Newlyn	Manse							4,200											4,200
Total								19,800											19,800	15,600
7.Investment income
Central Finance	Board							6,558											6,558	1,386
Trustees for Methodist		Church
Purposes								1,002				4759							5,761	487
Total								7,560				4,759							12,319	1,873
B.Payment to Trustees
All ofthe Ministers are		members			ofthe Circuit meeting						and are		accordingly		Managing Trustees				ofthe charity,
therefore an remuneration			disclosed				in Note	9has	been		paid to		Trustees of		the	chanty.
																2023				2022
Number oftrustees who were				paid		expenses
Expense payments primarily			relate			to	reimbursement			for travel,			stationery		and	postages.
Total amount paid																6 ~6,601				3,992
9.Payments ofStipends, Salaries,						NIC and Pension			Contributions
Staff Costs paid	during	the	year were:
Gross wages, salaries		and allowances															98,568			96,787
Employer's National Insurance				costs													8,774			8,569
Pension costs																	21,731			21,562
Tote Istaff costs																129,073				126,918
Average number	ofstaff employed					during the year				were:

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12.Analysis ofcurrent ass	ets
			2023	2022
Debtors and prepayments			6	6
Pre paid stipends			10,176
Assessments due
Refund Due			228
Total debtors and prepayments			12,746
Analysis ofcash at bank
Bank balance held in	Lloyds TSB		12,457	21,897
Bank balance held in	Central Finance Board		227,784	217,834
Total Cash and Bank			240,241	239,731
13.Analysis ofcurrent liabilities
Assessments received	in advance		39,146	32,440
Other Creditors		6	473
Total Current Liabilities			39,619	32,440

Unrestricted	Funds	Funds
Unrestricted		Opening		Income	Expenditure	Transfers	E	Gains/losses	Closing Balance	E
Fund Name		Balance E		E	E			on
								Investments
General		1	532871	201442	239606	50	116	464	1545	287
Desi nated			14616			14616
CMTF			65,984	110,532	1,837	(35,500)			139,179
(Unrestricted)
Tata	Is	1,613,471		311,974	241,443			464	1,684,466

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