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|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<br>to lhe Financial|||||Reporting||||Standard (FRSSE)2015.||||||
|FULL CHARITY NAME|||||Launceslon<br>Area Methodist||Circuit||||||||||||
|WORKING NAME|||||LAMC||||||||||||||
|CHARITY NUMBER|||||1138314||||||||||||||
|GOVERNING<br>INSTRUMENT|||||Deed of Union (1932)and Methodist|||||Church Act (i976)|||||||||
|LEGAL STATUS|||||Unincorporated<br>chanty||||||||||||||
|PRINCIPAL OFFICE|||||Circuit Deice||||||||||||||
||||||Dingley<br>Hall||||||||||||||
||||||Cases Street||||||||||||||
||||||Launceston||||||||||||||
||||||Cornwa8||||||||||||||
||||||PL158BA||||||||||||||
|BOARD OF TRUSTEES|||||||||||||||||||
|Superintendent<br>Minister:|||||Reverend<br>David Miller'||||||||||||||
|Ministers:|||||Reverend<br>Johanna|Smart|||||||||||||
|Pioneer.|||||Mr Samuel Beazley'||||||||||||||
|Supernumerary<br>Ministers:|||||Reverend<br>Keilh Roberts'|||||||||Reverend||Anne Cumow'|||
||||||Reverend<br>Cathy Arscon'|||||||||Reverend||Howard||Cumow'|
||||||Reverend<br>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<br>Officer:|||||Mrs Joanne Parsons||||||||||||||
|Circuit Administrator:|||||Mr Richard Wright'||||||||||||||
|Local Preacher's<br>Secretary:|||||MrJohn<br>Hogarlh||||||||||||||
|CHURCH REPRESENTATIVES|||||||||||||||||||
|Mr Bernard Slroul'|||||Mr Neil Burden'||||||Mrs||Maryanns<br>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<br>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<br>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<br>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<br>Momson|||||Dr Olive Vinson||||||||||||||
|Revd John Haley|||||Mrs Irene Slenbury||||||||||||||
|Mrs Nicola Hosking|||||Mrs Marion Allen||||||||||||||





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|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<br>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<br>or share||||154,767|||||154,767||210,662|
|Bridge Church Loan repayments|||||||||||12,132|
|Grants|||6|9,386|||||9,386||7,547|
|Internal<br>Organisations|||20||||5,257||5,257||119,837|
|Total income||||188,513||454|5,257||194,224||366,811|
|Expenditure||||||||||||
|Stipends,<br>salaries,<br>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<br>Church<br>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<br>&travel||||3,927|||||3,927||11,181|
|Insurance<br>and utilities||||12,411|||||12,411||9,332|
|Grants issued|||||||||||15,112|
|Expenditure<br>on other Circuit||property||604|||||604||591|
|Bndge Church loan interest||||3,930|||||3,930||6,976|
|Bridge Community<br>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<br>Organisations|||20||||5,665||5,665||132,578|
|Total charitable<br>expenditure||||222,736||954|10,665||234,355|1,339,231||
|Gains/(losses)<br>on monetary||investments|13|||4,041|||4.041||(1,460)|
|Gains on disposal of property|||||||||||351|
|Gain on revaluation<br>of|property||||||||||201,595|
|Net income/(expenditure)||||(34,223)||3,541|(5,408)||(36,090)||(771,934)|
|Transfers between<br>funds|||22|1,006|||(1,006)|||||
|Net movement<br>in funds||||(33,217)||3,541|(6,414)||(36,090)||(771,934)|
|Total funds brought<br>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|





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|||||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<br>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<br>Fund (Unrestricted||||742,03I||||||742.834|||776.051|
|Circuit Model Trust Fund||(Unresldcted)|||||||||38,850||35.309|
|Designated<br>Funds (UnresMeted)||||||||||||||
|Total Unrestricted|||Funds|||||||701,684|||811,360|
|Rsstridsd<br>Funds||||||||30,296|||30,296||36,710|
|Endowment<br>Funds||||||||||||||
|||Total Funds||742,034|30,850|||30,296||811,980||848,070||
|DECLARATIONS||||||||||||||
|Treasurer||||||||||||||
|I confirm<br>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<br>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|||







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|||||No|tes|to the Financial Statements<br>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<br>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<br>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<br>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<br>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<br>(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<br>(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<br>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|



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|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<br>from the||National Trustees for||
||Methodist<br>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<br>Methodist|Circuit|||||81,327||1,155|5.796|(1,956)|74,730|81,327|
||South Petherwin<br>Methodist|||Circuit|||89,441||1,275|5,796|(1,956)|82,964|89,441|
||Personal<br>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<br>represent||understated||repayments||in the previous year.|||||||



||Adjustments<br>repr|esen|t|understate|d<br>r|epaym|ents|in t|he|previous ye|ar.|ar.|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Due within<br>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<br>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<br>NC|||||||||8,980|2,135||(2,203)||(68)|||8,912|
||Graveyard<br>Trust|10033a||||||||9,344|55||(19)||36|||9,380|
||Manse Committee|||||||||1,086|3,067||(3,443)|(376)||||710|
||Children<br>8 Youth|Committee||||||||279||||||||279|
||Toy Library|||||||||1,006||||||(1,006)|||
|||||||||||20,695|5,257||(5,665)|(408)||(I 006)||19,281|



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