Annual Report of the West Cornwall arcult 202*2025 Introdurtlon As at 31 August 2025. the West Cornwall Ctrtult comprised twelve congregations in, and local to. the towns of Penzance. St Ives and St Just. On I" September 2025. the Circuit merged wf(h thè Isles of Scilly Circuit and now includes the congregatlons on St Marfs and St Martin's and this report will reflect some aspects of the current situation, Charity detsils Full Name of Charrtv: West Cornwall Methodist Circutt Reglstration Charity Number: 1135689 Date of wistration: 2￿ April, 2010 Main communication add￿$$. Clrcult OffKe, The Centre, Chywoone Hlll, Newlyn. Penzance TR18 SAR The member5 of the West Cornwall Methodist Cirtuit meeting are the Charmy Trustee4 membership being Mède up of Circuit office holder5, ministers and representatNes appointed by the local Churches. Full membershlp is shown as Appendix A to this report. Clrcult Mlnlsters and officers Active Circuit Ministers Revd Ralph Ward Revd Carole Holmes (from Isr September 20251 Circuit Stewards Mrjeremy D￿W Mr Mervyn Bird lfrom 1" September 20251 MISS Karen Cumow Mrs Nicola Jones Mrs Leigh Kendrlck (from 1" September 20251 Mr Chrfstophersavill (from 1st September 20251 Mrs Christine Savill (from 1° September 2025) Administrator: Mrs Tania Bird Investment Bankers Central Flnance Board of the Methodist Church Trustees for Methodist Church purposes Current Account Lloyds Bank plc, PO 8ox l(NX) BXI ILT Independent Examiner Mr Kieron Stephens ACCA, AW Accountants, Trevenson House. Pool, Redruth. TR15 3PT Solicitors Anthony Collins LLP Structure, Governance and Management The £ovemlng document for the Circuit is the Deed of Union11932} and Methodist Church Act11976). Detslled govemance arrdngements are outlined within the Constitutlonal Practice and Dlscipllne of the Methodlst Church by orderof the annual conference ICPDI. The Cir¢uFt relies on the Connexional Team at Methodist Church House. 25 Tavistock Pla￿, London WCIH 9SF to provide 8uidance on changes that could affect the Circult. Day to day management of the Circuit 15 undertaken by the Circuit Leadershlp team along with the Local Preache meeting. Alms and organlsation We aim to witness tt) God's love and saving gra￿ in Jesus Chrfst actsveSy and creatlvety from within the distinctive traditions and prlorities of the Methodist Church. The Charivs objectlve is to act as a Resource Pfovlder for the Methodist Church within the area around Penzance. St Just and St Ives. and now throughout the Isles of Scilly. Our 8overning document. The Constitudonol Pract￿ and Discipline of the Methodlst Church, states that.. e purF>oses of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of - al the Christian faith in accordance with the doctrlnal stsndard5 and dlscipline of The Melhodist b) Any charitsble purpose forthe time be5n8 of any Connexlonal. District. Qrcuit, local or other or8anisation of The Methodist Churth; cl Any charitsble purpose forthe time being of any society or Instltutlon subsidiary or anclllary to The Methodist Church; dl Any purpose for the tirne belng of any charity belng a charity subsldlary or ancilEary to The Methodist Church" he organisatlon and resourcing of regulaw public acts of worshlp open to members of the Church and non- members alike. The teaching of Chrlstlanity throwdh sermon4 courses and small groups. The resourcing of pastordl work induding visiting the sick and bereaved. Taking ￿11810￿$ assemblies in local schools. Promotion ofchristianty throu8h the sta8ing of events and Services. Provision of chaplaincy services to the local university and other institution>' Brlef financial revlew of the year Income trends Circuit income is primarily drawn from the assessment pald by the Circuit Churche5, levied in proportion to thelr size. There wa5 ￿ntaI income for the year relatirE to the Manse in Newlyn that is not currently needed for Ministerlal accommodation. The Circuit has continued to sell surplus pmpertles this year, once again creating crucial income for the Clrcult to contlnue Its Mission. Expendlture trends Stipend expenditure has increased each financial year in line with Conference approved increase& based on rises in the cost of livln& and the Administrator and Treasurerfs salary. and that of the Property Officer, is Increased by the same percentage. 19% of operational expenditure is the Circuit contribution to the Dlstrlct annd Connexion. of which a si8nifKant part is used to fvnd the work of the wider Methodist Church. The other expenditu￿ during 2024-2025 includes running costs for administration and travel, and the maintenance, insurance and professional inspertlon of our manses. closed chapel buildings and cemeteries. Fund balances As at 31 August 2025, the net current a55ets of the Circuit were £1,530,457 giving at least three years, cover for estimated expenditure. Plans for 202612027 and beyond There are now two fulktime Co-5uperintendent Ministers workln8 Within the new Clrcult, a part-tlme admlnlstrator and a part-time propety officer. Alongside the sale of surplus properties, the Circuit Is in a very favourèble m￿S1Onal and financial position. The annual assessments for the k)cal churches could well be decreased in the forthcoming year. The new Policy on the appltcation and allocation of surplus funds will further assist each church with misslonal work. Some money will stlll need to be set aslde for the maintenance of manses and cemeteries. Investment Poficy To comply vAth Methodist Standlrg Orders. mon*s for long terni investment are lodged w¢th the Trustees for Methodist Church PurFrf)ses (TMCP). TMCP acts as Custodian Trustee for all real estste held by ￿rCuIts, for all large lover£20,CIKII bequests and for the proceed5 of sale of any property fornierty owned by thè Circult. These sums are invested in unitised investments or held on deposit. The investment returns are close to tracking the movements in the FfsEIOO index. The deposit income mirrors the deposlt rates available elsewhere. The Clrcuivs investment policy is aligned with that of the Centrnl Finance Board of the Methodisi thurch {CFB} and TMCP because these organisations take into consideration thè social, envlronmentsl and ethical considerations, both negatively and tM)sltively, that make investments suitable for the Methodist Church. Short temi deposits are lodged direct￿ with the CFB and attract 8ood rates of interest. There aR no benchmarks for the expected retums or appreciatK>n on investments at TMCP and CFB. Reserves Pollcy The Reserves Policrf for the Clrcuit is eontalned In Appendix B. Basls of preparatlon and legal framework The Chartys annual ￿port and accounts for the year ended 31 August 2025 have been prepared in accordance with the Charlties Att 2011 and the Charitie5: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard IFRS} 102. Publlc Benefft We confim the trustees have had regard to the Charity Commission's guidance on public benefrt. Related Parties The Clrcuit is part of the South West Peninsula District It continues to be accountable to the Methodist collferen￿. Durin8 2024-2025 the following Methodist Churches were linked to the Clrcuit: Chapel Street (Penzancel, Madron (merged with Wesley Rock on I" January 20251, Wesley Rock (Heamoorl. Centenary INewlyn}. Trinty (Newtynl. Drift lup untll dosure on 17, November 20241. Escalls, High Street (Penzance), Mousehole. St Buryan, Hellesveor. St Just, St Erth, and Carbis Bay Combined. Rlsk Management The major risks have been identified and recorded by the Clrcuit Leadership Team with professional advice taken as required. Income and Expenditure is being monitored in totol and is compared with the approved annual budget to detect trends as part of the risk management process to avoid unforeseen calls on reseNes. Safeguarding Every person has a vali* and dlgnty which comes directly from the creatlon of humans in God's own image and Ilkeness. thrlstlans see this potential as fulfilled by God's rtrcreation of us In Chrlst. Among otherthin8S this Implles duty to value all people as bearing the image of God and therefore to protect them from harni. Methodist Connexlonal practice outlines commttment to the following prlnciples: The care and nurture of, and respectful pastordl ministry wrth, all children, young people and adults The safe8uardire and protection of all children, youn8 people and adults when they are vulnerable The establishlng of safe. ¢arin8 communttie5 which provide a loving environment where there is infomed Y￿lIan￿ a5 to the dangers of abuse. We will carefully selert and train all those w5th any responsibility within the Church. in line with Safer Recruitment principles. including the use of crlmlnal records disclosures and registration with the relevant vetting and barring schemes. We will respond without delay to every complaint made which su88ests that an adult, child or young person may have been hamed. cooperatin8 With the police and local authority in any investi8ation. We wlll seek to work wlth anyone who has suffered abuse, developing with them an appropriate mlnlstry of infomied pastoral care. We will seek to challenge any abuse of power. especially by anyone In a posltlon of trust. We will to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our Church community known to have offended against a child, young person or vulnerable adult. In all these Pfinclples we will follow ￿gIslatIOn. guidance and recognised Bood prartice The new West Cornwall and Isles of Scilly Circuit commtts Itself to ensuring the implementation of the Connexional Safeguarding Policy. Government Legislation, guidance and safe practice in the Circuit and in the Churches. The new West Cornwall and Isles of Scilly Cirwit commits Itse￿ to the provlsEon of support. advlce and trdlnlng for lay and ordained people that wlll ensure people are clear and confident about their roles and responsibiltties in safeguardin8 and promoting the welfare of chlldren and adults who may be vulnerable. Approved by the arcult Trustees on 13th May2026. Appendix A Trustees of the West Cornwall Circuit Mr John Anderson Ms Katherfne Baxter {from 2412/261 Mr Edward John Bennetts Mrs Mary Bennetts Mr Mepryn Bird {from 1191251 Mr5 Catherine Bolitho Mrs Christine 81akey Mr Steve Cannlng luntil 717125) Mrs Brenda Clarke (until 1915/251 Miss Miriam thx Mi55 Karen CurTh)w Mrchris Dale Mr Jeremy Drew Mrs Jean Duncan Ifrom 1191251 Mrs Ellzabeth Eddy luntil 22/91251 Mrs Phyllis Mary Eddv Mr Clive Harrold Mrs Jennifer Harrold (until 23121261 Miss Doreen Hocking Mrs Vivienne Hocking Rev Carole Holmes {from V9125) Mr Desmond Hosken luntil 2219125) Mr David Jackson (until 1012/251 Mr Anthony Jasper Mrs Lisa tavender Mrs Nicola Jones Mrs Leigh Kendrick (from 119125) Mr Aston Key (from 11121251 Mr Philip Lethbridge (from 1/9n5) Re¥d Marlon Lumbers Mrs Susan Maior luntll 3V12124) Mrs Jacqueline Meyers (until 3118125) Mr Stuart Meyers Mr James Edwln Murley (from 18191241 Ms Alison Nicholls luntil 31112124) Ms Voirrey Palmer (from 24121261 Mrs Elaine Amanda Pearce Mrsjackle Perkins {from 119/251 Mrs Sylvia Pe2zack Mrs Mary Prescott Mrs Anthea Roberts (from 1191251 Mrs Bronwen Rowland Mrs Margaret Richards luntil 121111241 Mr Christopher Savill (from 1191251 Mr5 Christine Savill (from 1191251 Mrs Linda Jane Stevens Mrs Linda M Stevens Mrs Jeanne Taylor Rev Ralph Ward Clrcuit Accounts 2024-25 THE METHODIST CHURCH REPORT AND ACCOUNTS for the year ended 31 August 2025 West Cornwall Methodist Circuit Registered Charity - Registratlon number 1135689 District No I Circuft No 37109 Ministers Revd Ralph Ward CirGYit stewards Mr Jeremy Drew Miss Karen Cumow MT6 Nicola Jon05 Mrs Margaret Richards lup to 121111241 to 7n125 MT Ste hen Cannin Circuit Treasurnr Mrs Tania Bi W•rtC•rnTAatl Pd•thodL8t St4tsmontof FknAnthl (SOFA) *orth•y￿rIlldld 31 AuEurt2025 Not45 iQth• Unr•S￿Et•d CMTF D•slBnat•d R•strktrd •ccounts nd$ IVnr•sirkl•dl Funds Futth Tots12024ft5 Tots12Q29/24 Dona¢T¢ns Charitablé activities Assessments or share Othèr oihertr•Jlng activsties - tettin Investments surplus on sale of tlxed 955ets Totsl 101.772 IOL272 161,341 530 161.341 530 21,140 10.233 21.140 49A179 662.366 995.728 400 31205 456,069 662,366 294517 stipends, 5alarfes, NIC & Péjslon costs District Assessment Methtsdlst Church Fund T*lephoRe & travel Insuran￿, utllitsei ttc Malntenance on manses Expenditure on other Clr£uit property other Expendlture Conthbutlon$ to Oistrlct Advaft* Fund Transfer to church to fund repairs CcTrnexlon41 Prior(ty Fund Levv 68,350 6&350 5.669 32,167 2.647 9,224 24,432 21,OLX) 21.8 37.801 19,In 362.131 118,871 32.167 2,647 9.224 24A32 21JiLK) 21A75 30.695 6,012 12.095 9,n6 12,891 12,532 4.459 37,Wl 19,171 362.131 Totsl 419.104 214,965 3•J261 494& SubTotsl 0th•rr•¢o￿knd Vtysesl: Gains/lLossesl on Investh)ent asset5 N•t Mo￿￿*￿1 Infvr•d5 3912 627 109,780 627 1742 2I110ts R•£onulhtiDn of fvnds.. Tctsl lunds broughtfoThva Totslfvnd5t*rrt•d fo￿*￿d 1,55&143 L667.92Y 620,685 902.79$ 2,17Q828 2570.716 1684,466 2.174828 For1hffomi•tkn￿ rOt•l￿d •nd p•s¥•d onto Exttrn•lOrynl%•tlo lanc• brou8￿ forward from y••r Offerin8sIGlfts- recei¥ed for External OrganlsatTon$ OffeiingslGifts- passed to ExteTnal Or8onSsations Bal•nc• ¢avrl•d forward WeStCorn￿ll lélèthodlst ar￿1t Balance Sheetas at YI August 2025 Unrestrlrted Ck¢ult Model Restrithd O•518nat Trust Fund Funds lUTrrestrkt￿l TcAal Total 2024125 2Q2W4 Land & Buildings IW,260 1.040,260 1.295,520 1fft10.260 L295.520 Totulllxedaslets CurrentAsséts Debtors and Prepayments Other Trustees for Methodtst Churth Purpose5 deposi li 7,683 7,683 13.550 42.006 1.301.ICK) 1,343,107 661.010 Central Finance Board Deposits Cash at Bank and In hand Totolwyertassets 322.757 29,262 40¥708 322,757 29.262 1,702,809 236,010 14,352 9Z4,922 1.30&INJ CredKors and Iduè In under l yr) 12 172.352 172,3S2 41,614 Net￿rrent assets {Ilablllt 229a56 13OLll 1530A57 883208 fotolassets lesscurrentKobllld¢s I.169￿16 I3￿,100 2.570,717 17&828 Wesl Q>rnwall Methodtstar¢uft Not￿ tothe Ac¢0untsfr*th•￿•r ¢MlÈd 31A2025 l Basls of accountln The lknanthlststernentslM%*been prepared Vnder1￿thathsAcr 2011 in )¢3 34 All tsf the MID6ster5 areTheFnbers ofthe cIr￿ft meetin8 gthd are ac¢ordlngly ManaglreTDJ5tee5 of the ch•ritYi therefore all Temuneration d￿(las￿d Note9 ha5 paidtoTwsttts ofthedaffty. 1015 Plumberoftrustee5who were paid exwtrses ExpeTr5e payinent5 prfmarfly rel*ets reimbJ￿erneTrtf0r￿81,##tIti￿eryI￿d Tt)tsl pard Lno 16 Suff Costs p•ldthKln¢ih•¥oAr¥Mr•'. Gross wages. salarie5 attd ￿1(pWan Empknyerfs Nat￿￿al Insuran￿ co*5 Pensloll costs 91155 s.￿5 29 Ji8070 41350 There is ac(wal fof holiday paya5 his ImmatertaL Allstaff pald atorabob*thèli¥7Th8wa8e. W•st corn￿11 MtthodSst Circuit r4otes ttsth• Ac￿￿￿ts￿>rthe year ended 31A.2025 9T4W Fixed Assets Totsl BalaTh￿ brou8ht fo￿ard Addition5 Revaluations 1295.520 100,L 1,295520 355,260 Balan￿(arthedfOIW1r IW,260 Thefvs)d5 thatSupponthe(ir￿It ModelTiust fvtsndarebeks tyTMCP ln Tftffiees lrteresr Fund5 On which Inter051 ￿ t¥L￿Medy0the3cC0UntsÈIth Th)nth. are regarded 8s medlsmaDd ￿l￿terrn InvestrneTrty TMCP i4the leNal ownerand Custodl&n of allmethodlst Model Trust prop•rty, LeBadEs. Endo%Yfflefrts 3ndA(uJmulated Funds. Tnsst ptDperty ts held for and on behaff of local ma￿a￿l￿￿TrUSteesWho afe respoDsible*orthe dayto maTragernerrt of trust property. Th4CP eh￿rethat.lhr0uSh fftdln8 BUIdan￿ 3nd aLttns unoerthelrdlrethon, the Man¥gin8TfUStees cornply wfth thawltylaw and Mahodi5tlavand wltyasdÈternbined trythe MElhvdlstCortferEnCe. West Comwall Methodirt cir￿11 Plotes tothe A¢¢ountsl•r the yEJr•nded 31.8.2025 11. ￿mIl¥s1$01Currénf a55•ts 2fQS p￿ paid stiPh Assessments due Rehrnd tmjè TotsldeblOYS prwHymqnts 7,683 3,648 10.788 093 of ¢4fh4thhk Ban* bala￿te held irs Lbyd5T5B Bank balan￿ held in Central finance 8D•rd TotsifA5h wplgank 14.351 236.010 322,757 352,019 12. Ah*tsofuJTheTht ltsbllllkn• 14119 11,251 112,981 In352 41127 othercredknfs Owed io l*dlM(bJal ChuFche5 614 Attho 31st A￿￿￿51 2025the C[r￿it no C4Fital commitrneTrts. (2024 nornprtolcL4ryJfflIbne￿&l Plo ContIn￿Tht habIl￿eSWe￿e￿ftllfted at31stAu8U5t 2025 OT Itst August 2024. OP￿ EXFthdRuw• FuNd N*IV4e erer CWF IUTrrestrf¢redl 70U 419,104 902,793 Tota14 2178 tts1467 627 $70717 West Ctynwall M•ll￿d￿ttlrCUIt Ac¢ountslorthe yew efid¢d 31st A￿U$l 2025 B0515 01 IndÈpoAdert Exjrnlnerfs Aeport MyeMamlTrth w•sorr*d oui In a¢¢ordanee wlih the8enewal dlrettions 8l¥en byihe CharltyC¢mmlssk)n. An exaMIn￿￿1 Include5a rethÈwofthe ac£ouft¥n8 retords kept bythe thorty4*d a tt4))parfsoTr oftheacwuntspresented wkh those records. li also indude50Jnydeiation of any¥nu5ual it?m& in fiaiure orxale, oTdlsdosuresin ihe auou•ts, 5eeklr explanations Irom the Tr{￿e5 ¢Olltemingsuch lTra￿er& The procedures tyndertoken du notpromde all th¢e￿den￿ that would be req¥lrett kn an aUd￿ary1. wnsegueth no a5 towhetrErthe4¢caur*spre5eTrtatrue tsir view. My reptyt is limited tothose matter5SÈtout in ihe sta￿meNt below. Ind•p•nd•nt Ex¥minerfsStal•ment In Connettl￿ with myexaminatlon. no matterhas corne to my attefitlon lotherthan as dlsdosed bek)￿l which 8lves ffe reasonal￿t cause to belle¥e that In any materlal WFert the requirements: . to k￿P at¢tsunting records in accordance w￿h Section 130 of the ChrRJesAcl. • to prepa￿ accounts whlch accord wr(h the accountin¥ records and comply wlth the ountln8 requ4￿rnents of the Ch8rltles kt have not been me¢ or 121 to whkh. In ry opinion, attentlon should be drawn ITh order to enable a proper understzrKling of the accounts to ￿ reached. 131 I have lhave not* obtained independent verrfication of all Investments ￿th the Trusteesfi Methockst Church Purposes or held In otherirusts, bank balances and fvmls atthe Central Finance Boald of the MethodEst thurch whlch are indMdualW In exce55 of £I0,￿XI Iten thousand pounds1 atthe babance sheet date. Nam¢ of IndependeTht exarniner 518nature of Inth￿ndent examlner Rdevant Proftsslonal qualffkation of inde ndent ￿MITher Address Date DECLARATIONS Treasurer I confirm thatthese •c¢rual basedaccountsforthe year ended 31 Awrt 2025 have prepJredfrom the recordsof the Cirwttand that they I￿l￿de all f4Jnds under the control of the Cifcutt Me￿ing. sw￿tUre of c￿¢￿ Treawrer Name ofarw1tT￿asyrer TanLI 81rd Address clo The Circyit Offke.The Centre. Chywoone Hil, Penz¥Ke. TR18 SAR present￿On toth• Clrcutt MeetlnÉfor*ppr¢wal. I coTrfirmthatthe aftnual report and accounts fortheyearended 31ALW)St202S were preserted tothe Circuit Meetlrgat meeVnKon and were approved. s￿[￿ture of the Chalrof the n*etln8 Name of the Chalroftht meetin8 ft•¥d R•lphW¥d 26 Independent Examlnerfs R•port tothe Trusts8softh• West Cumwo11 Methodlst arcu Thk* Report Is onthe CwcultA¢counts forthe year eThled 31"A￿gUSt 2025 Respectfve respon$lblllUes of TrustÈes and Examln•r The Q'rtu4Vstwstee5 arp responsibleforen5urfngthat the annual reportand accounts fortheyeartt> 31 August 20Z5 present a true and falr viewof the Clrcuit's Incomeand èxpe*d￿u{eforthe year and of ￿$#$$￿$ and 1kbil￿￿5 at the sheet date. The trustees conslderthatan audr¢ is not ￿cesSaryt0rthis year undersectlorb 144of the CharlitesAct 2011 lihe CharitiesAttI andthatan Ir*Jependent eyaminatlon ts needed. It Is my respX)nsl￿l1ty to.. examlne the accounts undersectbn 145 of the Chafftles ACL. to fowow ts procedure5 lald th)wn inthe ger*ral DI￿￿)r& bythe CharityCoMmi￿on undef Secibn 14515llbl of the Chartrle5 art: and iC*Mate whether partKular matters havecorneto my attentlon. *Ple05e deleteof clrcle t7$ opproprlote Appendix B RESERVES POUCYof West Cornwall Circuit Meetin General Funds held at yle 3110812025 £2.570,717 Restrlcted Funds held None Endowment Funds held None Reserves pollcy for General Funds General Funds as at 31 August 2025 Circult Land and Buildlngs £I.IYIO.260 rcuit Model Twst Funds and net general funds £1,530,457 Total: £2.570.717 Net Current Assets £1,530,457 Les5: Monies being hetd In TMCP relating to Church Property £473,544 Sales (not Clrcult Property) Six month< average expenditure {including salaries £151.21X) District Advance Fund £88.833 Property Maintenance and Professional Fees £50,0 St Levan Chapel Roof £16.( £779 577 Surplus Balance of CPéTfF and general f £750.880 Beyond current commitments listed above, the remaining £ 750.880 is held with a view to the future. to meet Mi55ional obiect¥¥e5 Within the Circuit and individual Churche5. Followlng the Sale of properties thi5 year, we did not need to call on our reserves. We can, therefore, plan forthe future even more confKlently across the whole of the Circuit. It remains a priority. therefore, for the Circuit to be artivety progressin8 the sale of surplus properties to maintain Its Mission in a relatNely rAior part of the country. Maintenance costs and professional fees relating to properttes #ill in our possession are difficult to quantlfy. Our overall prudent estimate remains at £50.IXIO. In 2015. the Circult received a grant of £16,￿0 from Historlc England for roof repairs to the closed chapel at St Levan. Having sold the bultdin& we are no longer fulfilling the tem)s of the Brant. It is not thought very Ilkety that they will now ask for the money to be returned. but it remains a possibility. £16,0￿ is therefore held in reserve against that eventuality. The Circuit is now drawing up a Poly to enable a ￿rtaIn percerrtage of surplus funds to be used fof Missional Work each year and to ensure thatthat work can engage with the whole community. Approved by the West Cornwall and Isles of Scilty arcuit Meetln8 on 13 May 2026. Signed: Mrs Tania Bird. Treasurer Revd Ralph Ward, Superintendent Minister and Chair of Trustees