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2021-08-31-accounts

Legal and Administrative Legal and Administrative Legal and Administrative Legal and Administrative Legal and Administrative Legal and Administrative Inform at ion
Report ofthe trustees for the year ended 31stAugust 2021
The Trustees present Ihs Chanly's annual report and accounts for Ihe year ended 31 August 2021 which have been prepared in accordance with lhe Charlme
Act 2011and the Charities: Statement of Recommended Practice 2015as applicable
to lhe Financial		 Reporting Standard (FRSSE)2015.
FULL CHARITY NAME Launceslon
Area Methodist		 Circuit
WORKING NAME LAMC
CHARITY NUMBER 1138314
GOVERNING
INSTRUMENT		 Deed of Union (1932)and Methodist Church Act (i976)
LEGAL STATUS Unincorporated
chanty
PRINCIPAL OFFICE Circuit Deice
Dingley
Hall
Cases Street
Launceston
Cornwa8
PL158BA
BOARD OF TRUSTEES
Superintendent
Minister:		 Reverend
David Miller'
Ministers: Reverend
Johanna		 Smart
Pioneer. Mr Samuel Beazley'
Supernumerary
Ministers:		 Reverend
Keilh Roberts'		 Reverend Anne Cumow'
Reverend
Cathy Arscon'		 Reverend Howard Cumow'
Reverend
Doreen Sparey-Dalacessa'
Youth Worker. Mr Jordan Duke
Circuit Stewards Mrs Ann Foster' Mrs Christin Hordlsy'
Mm Mary Tucker' Mr Henry Slenbury'
Treasurer: Mrs Mary Barribas, Miss R Bunkum (Appl February 2023)
Safeguarding
Officer:		 Mrs Joanne Parsons
Circuit Administrator: Mr Richard Wright'
Local Preacher's
Secretary:		 MrJohn
Hogarlh
CHURCH REPRESENTATIVES
Mr Bernard Slroul' Mr Neil Burden' Mrs Maryanns
Parsons' (resigned Oct 23)
Mrs Anne Rows' Mrs Joan Helms' Mrs Pauline Smith' (resigned Sept 20)
Mrs Maureen Jones' Mr John Whale' Mr Lawson Ham' (deceased Sept 22)
Mrs Janet Ham' Mr Dean Organ' Mr Charles Reynolds' (reskfned Apnl 22)
Mr Anthony
Stephens'		 Mr Frank Arscott' Mr Jeremy Stephens
Mr Philip Medland* Mr Philip Parsons' Mrs Janet Howells
Mr David Peti' Mr Roger John Roy Parsons' Mr Brian Balsdon
Mr David Lewis' Mr Trsvor Bamball Mr Lsslis Baker
Mr Enc Rowland' Mrs Pamela Harris' (resigned July 22) Mr Kenneth Ridley
Mrs Dorothy Davey Mrs Margaret
Ridley		 Mrs Jennifer Crsber'
Mrs Sandra Smale' Mr Gordon Maunder Mr Kenneth Scoble'
Mrs Jill Price' Mrs Theresa Stone' Mrs Joanna Parsons
Mr Keilh Browne' Mr Andrew Baker Mr David Venning
Mrs Lorraine Sluggetl' Mrs Kalhryn
Broad
'Trustees on Ihe dele the report was approved or senied ass trustee during Ihe reporting penod. In addition to those marked above.
Ihe following were also trustees on Ihe date Ihe report was approved:
Mrs Ann Hobden Mrs Barbara Sleep
Mrs Angels
Momson		 Dr Olive Vinson
Revd John Haley Mrs Irene Slenbury
Mrs Nicola Hosking Mrs Marion Allen

Statement ofFin ancia l Activities (SOFA) f or the year e nded 3 1 Aug ust 2021
Notes to Circuit Model
the Unrestricted Trust Restricted Total 2020- Total 2019-
accounts Funds (Unrestricted) Funds 21 20
2 2 2 2
Income
Donations
and legacies		 12,806 12,806 5,129
Income from monetary investments 49 454 503 1,514
Rental income 11,505 11,505 9,990
Assessments
or share		 154,767 154,767 210,662
Bridge Church Loan repayments 12,132
Grants 6 9,386 9,386 7,547
Internal
Organisations		 20 5,257 5,257 119,837
Total income 188,513 454 5,257 194,224 366,811
Expenditure
Stipends,
salaries,
NIC		 & Pension costs 10 140,498 2,700 143,198 146,409
Property maintenance - Manse committee 1,000 1,000
District Assessment 36,512 36,512 34,848
Methodist
Church
Fund		 883 883 5,586
Depreciation 12 417 417 11,583
Office expenses 5,003 5,003 4,220
Other outgoings 11,643 71 11,714 4,472
Telephone
&travel		 3,927 3,927 11,181
Insurance
and utilities		 12,411 12,411 9,332
Grants issued 15,112
Expenditure
on other Circuit		 property 604 604 591
Bndge Church loan interest 3,930 3,930 6,976
Bridge Community
Centre transfer		 7,828
Bridge Church expenditure/transfer 21 6,364 6,364 942,943
Youth work 427 2,300 2,727 5,572
Internal
Organisations		 20 5,665 5,665 132,578
Total charitable
expenditure		 222,736 954 10,665 234,355 1,339,231
Gains/(losses)
on monetary		 investments 13 4,041 4.041 (1,460)
Gains on disposal of property 351
Gain on revaluation
of		 property 201,595
Net income/(expenditure) (34,223) 3,541 (5,408) (36,090) (771,934)
Transfers between
funds		 22 1,006 (1,006)
Net movement
in funds		 (33,217) 3,541 (6,414) (36,090) (771,934)
Total funds brought
forward		 776,051 35,309 36,710 848,070 1,620,004
Total funds carried forward 742,834 38,850 30,296 811,980 848,070

General Fund Circuit Model Restricted Restricted Restricted Endowment Totals Totals Totals Totals
(Unrestricted) Trusts Funds Funds 2020/21 2019/20
Notes to Ihe (Unrestricted)
Aeeounts E
Tangible Fixed Assets
Land 6Buildings 1.050,000 1,050,000 1,050,000
Equtpmsnt 12 1249 1,249 1,666
Total fixed assets 1,051,249 1,051,240 1,051,666
Current Assets
Debtors and Prepaymenls 13,562 13,562 53,593
Cash at Bank and In hand 15 19,659 30,296 49,955 36,910
Trustees for Melhodist Church Purposes
deposits 15 38.850 30,850
Central Finance Board Deposits 15 8,896 8,896 19,482
Total current assefs 42,117 38,850 30,296 111,263 145,294
Current
gabilltles
Cash al Bank and in hand 16 6,057
Creditors and accruals 10 102,000 102,000 77,221
Total current gabllitiss 102,009 102,000 83,278
Nel current sssetsrllablllfles (59,883) 38,850 30,209 9,263 62,016
Total assets less cement llsblllass 991,386 38,850 30,206 1,060,512 1,113,682
Long term liabilities
(due after more than ona year)
Creditors 10 248,532 248,532 265,612
Net assets 742,834 38,850 30,296 011,980 840,070
Funds ofthe Circuit
General
Fund (Unrestricted		 742,03I 742.834 776.051
Circuit Model Trust Fund (Unresldcted) 38,850 35.309
Designated
Funds (UnresMeted)
Total Unrestricted Funds 701,684 811,360
Rsstridsd
Funds		 30,296 30,296 36,710
Endowment
Funds
Total Funds 742,034 30,850 30,296 811,980 848,070
DECLARATIONS
Treasurer
I confirm
Ihat these accrual based accounts fcr the year ended 31August		 2021 have been prepared from the records ofthe Orcuit and that they indude ag
funds under the control ofIhe Circuit Meeting.
Date VO 16. 'I),(
Presentation
tothe Circuit Meeting for approval
I confirm that the annual report and accounts for the year ended 31August 2021 will be pre sented to the Circu it Meeling al its meeting on..Iv7

No tes to the Financial Statements
for the Yea		 r Ended 31st r Ended 31st r Ended 31st August 2021
Circuit Model
Unrestricted Trust Fund Restricted 2021 2020
6 GRANTS t 8 8 8 8
Comwag
Council		 5,000
CJRS Government Grant 9,386 9.386 2,547
9,388 9,386 7,547
7 OTHER OUTGOINGS 2021 2020
8 8
Sundry expenses 68
Bank charges 266 183
Professional fees 6,222 3,056
Accoununcy 2,400 930
TMCP Admin charge 71 235
Bad debt 2,755
11,714 4,472
8 TELEPHONE 0TRAVEL 2021 2020
8 2
Minibus expenses 483
Mileage 1,054 8,035
Telephone 2,873 2,663
3,927 11,181
9 INDEPENDENT EXAMINER REMUNERATION 2021 2020
8 8
Independent
Examination		 1,200 465
Accountancy 1,200 465
Payroll 832 583
3.232 1,513
10 REMUNERATION 2021 2020
Staff costs pwd during the year ware as fogows: 6
Gross wages, salaries and benefits in kind 120,126 122,551
Employer's
National		 Insurance coals 8,406 0,507
Pension costs 14,666 15,351
Total staff costs 143,198 146,409
The average number ofstaff employed during the year was 6(2020:4). No employees received emoluments in excess of
660000.The above indudss Ihe payment ofStipends totsging 276170and supernumsracy totalling 63360.

TANGIBLE FIXEDASSETS Fixtures 6
Improvement Menses Fiuings Total
Cost
As at 1stSeptember 2020 30,000 1,050,000 5,000 1,085,000
Additions
Revaluation
Disposals
As at 31stAugust 2021 30000 I 050 000 5 000 I 085 000
Depreciation
As at 1stSeptember 2020 30,000 3,334 33,334
Charge for the year 417 417
Eliminated
on disposal
As at 31stAugust 2021 30000 3 751 33 751
Net Book Value
As at 31stAugust 2021 1,050,000 1,249 1,051,249
As at 31stAugust 2020 1,050,000 1,666 1,051,666

2021 2020
Analysis of Investment movements 6
Other investments CFS Managed Mixed Funds 26,060 22,018
2021 2020
Change in investment values 6 6
Carrying
(market)		 value at beginning ofyear 22,018 36.745
Disposal of shares (13,618)
Net gain on disposal 351
Net gaini(loss) on revaluation 4,042 (1,460)
Carrying
(market)		 value at end ofyear 26,060 22,018
2021 2020
14 DEBTORS AND PREPAYMENTS E E
Prepayments 5.733 4.910
Other debtors 7,829 48.683
13.562 53,593
2021 2020
15 ANALYSIS OF CASH AT BANK 6 E
Bank balances 49,944 36,710
Bank balance
held		 in CFB 8,896 19,482
TMCP Circuit fund 38,850 35,309
Cashinhand 11 200
97,701 91.701
2021 2020
16 CURRENT LIABILITIES E E
Bank overdrafts 6,057
Trade creditors 59.838 39,065
Loans 42,162 38,156
102,000 83,278

19 RECONCILIATION OF LOANS LOANS
The Circuit has Ihe following loan balances at the year snd, afi ofwhich relate to Bridge Church. These balances are in the name ofthe Circuit
and. ss such, have nol been transferred to Bridge Church following oonsultstion with and recommendations
from the		 National Trustees for
Methodist
Circuit Purposes		 and the Methodist Legal snd Constitutional Oflice, however these ere being serviced by Bridge Church.
Opening Closing
balance Interest Repaid Adjustments balance 2020
Caltinglon
Methodist		 Circuit 81,327 1,155 5.796 (1,956) 74,730 81,327
South Petherwin
Methodist		 Circuit 89,441 1,275 5,796 (1,956) 82,964 89,441
Personal
Loan		 100,000 1,500 1.500 100,000 100,000
Loans for dilapidslions 33,000 33,000 33,000
303,768 3,930 13.092 (3,912) 290,694 303.768
Adjustments
represent		 understated repayments in the previous year.
Adjustments
repr		 esen t understate d
r		 epaym ents in t he previous ye ar. ar.
Due within
I year		 42,162 38,156
Due between I and 5years 36,648 20,624
Due over 5years 211,884 244,988
290,694 303,768
20 ANALYSIS OF FUND MOVEMENTS
Opening Closing
balance Income Expenditure Transfers balance
Early Years Fund 2,751 2,751
Local Preachers Fund 8,264 8,264
Internet
Organisalions		 20,695 5,257 (5.665) (1,006) 19,281
Youlh Work 5,000 (5.000)
Total 36,710 5,257 (10,665) (1,006) 30,296
Early Years Fund
Ths Early Years Fund represents amounts received towards work ofthe Circufi involving children.
LocaIPreachers Fund
The local preachers fund represents funds received in order to train local preachers. There was no spending from this fund in the year,
leaving a total of E8,265 to be cerned forward to future periods.
Internal Organlsstlons
These funds represent funds relating to groups which come under Ihe control ofthe Church Council. These include Ihe following groups and
movements:
Opening Closing
balance Receipts Payments Net Transfers balance
Graveyard
NC		 8,980 2,135 (2,203) (68) 8,912
Graveyard
Trust		 10033a 9,344 55 (19) 36 9,380
Manse Committee 1,086 3,067 (3,443) (376) 710
Children
8 Youth		 Committee 279 279
Toy Library 1,006 (1,006)
20,695 5,257 (5,665) (408) (I 006) 19,281