##
|||Page|
|---|---|---|
|Trustees' report||3-5|
|Independent
Examiners'|Report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial Statements||9-12|
##
|FULL CHARITY NAME|Lsunceston
Area Methodist
Circuit|Lsunceston
Area Methodist
Circuit|Lsunceston
Area Methodist
Circuit|Lsunceston
Area Methodist
Circuit||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|WORKING NAME||||||||||||||
|GHARRY NUMBER|1138314|||||||||||||
|GOVERNING INSTRUMENT|Deed of Unam (1832)and Methodist|||||Church||Act (1978)||||||
|LEGAL STATUS|Unincorporated
chanty|||||||||||||
|PRINCIPAL OFFICE|Circuit Dffks|||||||||||||
||Dingley
Hell|||||||||||||
||Castle Street|||||||||||||
||Launcsston|||||||||||||
||Comwag|||||||||||||
||PL15 8BA|||||||||||||
||Tel 01566772797|||||||||||||
||Email secretayelsmc|org uk||||||||||||
||Wsbsna
lame org uk|||||||||||||
|BOARD OF TRUSTEES||||||||||||||
|Superintendent
Minster|Reverend
Dawd Miller'|||||||||||||
|Mlhlstdf'|Reverend
John Haley'|||||||||||||
|Ponder.|Mr Samuel Beazley
(resoned 31 August 2023)|||||||||||||
|Supernumerary
MlhlStefs|Reverend
Keith Roberts|||||||||Reverend||Anne Cumow'||
||Reverend
Cathy Arscott||||||||||RSVSI8rld|HOW8fd Cunlow||
||Reverend
Doreen Sparey-Dalacassa'|||||||||||||
|Youth Worker|Mr Jordan Duke (contract concluded|||||30September 2022)||||||||
|Circuit Stswelds|Mr Henry Stenbury'||||||||||Mrs Chnsbne||Hordlsy'|
||Mrs Nkols Hosking*|||||||||||||
|Treasurer|Mrs Chnstlne
Hordley'|(succdfmed|||31January 2023)|||||||||
|Finance Officer|Mas Rosalind
Bunkum||(Appt 1|Feb||2023)||||||||
|Safeguarding
Oflicer|Mrs Joanne Parsons succssfkM|||by||Mrs Ann|||Hobden'||(Appt Fsb 2023)|||
|Circuit Adrrunistrstor|Mr Richard Wnght' succeeded|||by Mrs
Ann||||Hobden'
(Appt Feb 2023)||||||
|Local phi8ch8f's Sscmisfy|Mrs Ann Foster|||||||||||||
|CHURCH REPRESENTATIVES||||||||||||||
|Mr Bernard
Strout|Mr Nell Burden||||||Mrs||Ann Fostsh|||||
|Mrs Anne Rows*|Mrs Joan Ikdme'||||||Mrs||Maureen||Jones|||
|Mrs Janet Ham'|Mf Dean OfgSh*||||||Mr|John Whale'||||||
|Mr Anthony
Stephens*|Mr Frank Arscoh'||||||Mrs||Jennifer|Crsber'||||
|Mr Phgip Msdland'|Mr Philip Persons'||||||Mr Henry Stanbury|||||||
|Mr Davkl Patt|Mr Roger John Roy Parsons'||||||Mrs||Nicola Husking|||||
|Mr David Lewis|Mrs Theresa Stone
(resigned)||||||Mrs||Angels|Monison||||
|Mr Edc Rowlend|Mrs Markm Allen||||||Mr Ken Scobfe'|||||||
|Mrs Dorothy Dsvey'|MIS Ifanf! Stefdmiy||||||Mrs||Barbara||Sleep'|||
|MIS S8lldfS Sfnels'|Mrs Ann Hobden||||||Dr|Ckve Vinson*||||||
|Mrs Jill Prrce*|Mhi M8rysnhd
P8rsorls'||(fssignfld||Oct||23)|||||||
|Mr Keth Brovme'|Mrs Dephne Tucker|||||||||||||
|Mrs Lorraine Sluggetl*|Mm Chnsbne
Hordlsy*|||||||||||||
|Trustees on the date Ihs report was approved|or served as 8trustee dunng||the reporkng|||period.|||In addition||to those|marked above,||
|the folkwdng
were also 9ustees on ths date the|report wss approved|||||||||||||
##
##
##
##
|Statement of Fina|ncial|Activities|(SOFA) f|or the year e|nded 31Aug|ust 2023||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Notes to||Circuit Model|||||||
||||ths|UIIIsstlicted|Trtlst|Restricted|Endowment|Total|2022. Total||2021-|
||||accounts|Funds|(Unrestricted)|Funds|Funds||23|22||
|||||6|6||||r.|||
|Income||||||||||||
|Donabons
and legacies||||2,370||150|||2,520||8,867|
|tncome from monetary|investments|||1,329|1st|492|||1,982||t,ote|
|Rental income||||25,450|||||25,450|«,700||
|Assessments
or share||||199.178|||||199,178|208,210||
|Grants|||6||||||||455|
|Internal
Organisabons|||20|||13,369|||13,369||0,924|
|Total Income||||228,327|161|14,0«|||242,499|237,175||
|Expenditure||||||||||||
|sbpends. satanas,
NIC|&Pension costs||10|107,950|||||107,950|141,474||
|Property
maintenance|- Manse commtuee|||«,000|||||«,000||5,000|
|Dislnct Assessment||||35,580|||||35,580|35,560||
|Methodist
Church Fund|||||||||||971|
|Depreoatmn|||12|702|||||702||462|
|Oflice expenses||||5,082|||||5,082||4,619|
|Other outgoings||||7,982||167|||8,149||5,249|
|Teklphona
&travel||||4,625|||||4,625||7,260|
|Insurance
and uluibes||||8.999|||||8,999|12,410||
|Expenditure
oil othiv Cxcult||property||2,442|||||2,442||1,066|
|Sndge Church
loan interest||||5,588|||||5,588||4,028|
|Yoirlh Work||||90||243|||333||2,623|
|Internal
Orgamsauons|||20|||12,472|||12,472||5,676|
|Total charitable
expendtlure||||190,020||12,882|||202,902|226,398||
|Gains/(losses)
on monetary||investmenls|13||(1,037||(40||1,082||1,709|
|Net Income/(expenditure)||||38,307|(876)|1,124|(40)||38,515||9,008|
|Net movement
In funds|||||876|1,124|40||38,515||9,0SS|
|Totalfunds
broughtforward||||745,684|36,826|37,583|945||821,048|9«,eso||
|Total funds carried forward||||784,001|35,950|38,707|905||859,563|821,048||
##
##
|||||||Gamma|Fund|Circuit Model|Restrktsd|||Total~|Totals|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||(Unrestricted)||Trusts|Funda|Funds||2022/23|202U22|
||||||nates to ths|||(Unmatrkted)||||||
||||||Accolelts|||5||||||
|Ta
ibis Rxed Assets||||||||||||||
|Land & Buildi
s|||||12|1,050,000||||||1,050,000||
|Eui
t|||||12|||||||2,288|2,501|
|||Total|tlxed|assets||1,052,260|||||||1,052,501|
|Current Assets||||||||||||||
|Debtors and P|||||14||21,220|||||21,220|9,S43|
|Cash at Bank and|in hand||||||37,800||38,598|||78,476|51,322|
|mstees
Ix|od
I|||rposss||||||||||
|deposits|||||15|||12,585||||12,5S5|12,404|
|Central Finance Board||Deposits|||15||17,188|||||17,188|3,951|
|Investrnsnts|||||13/15|||23,385||||24,401|25,367|
||Total current|||assets|||76,288|35,950|38,707|||151,850|102,087|
|Current liabgilles||||||||||||||
|Cash at Bank and|m hand|||||||||||||
|Crednors
and accruals|||||16||110,933|||||110,933||
||Total|current Babfgdes|||||110,933|||||110,933||
|Het current sssetalgabllMSS|||||||||38,707||905|40,917|8,033|
|Total assets|less|current Sabllales||||1,017,623||35,950|38,707||905|1,093,185|1,060,614|
|Long term liabliitles||||||||||||||
|due after more|than one||ear|||||||||||
|CI'ednors|||||19||233,622|||||233,622|239,566|
||||Het|assets||784,001||35,950|38,707|||059,563|821,048|
|Funds ofthe Circuit||||||||||||||
|General Fund (Unreslncted)|||||||754,001|||||784,001|745,684|
|Circuit Model Trust Fund (Unrestncted)||||||||35,950||||35,950||
|Designated
Funds gnrestncuxD||||||||||||||
|Total Unrestrlcenl||||Funds||||||||819,951|782,520|
|Restricted
Funds|||||20||||38,707|||38,707|37,583|
|Endowment
Funds|||||||||||905|||
|||Total||Funds||704,001||35,950|30,707||005|059,563|021,040|
##
##
##
||||Leunceston
Area Method(at|Leunceston
Area Method(at|C(rcu(t|C(rcu(t|||
|---|---|---|---|---|---|---|---|---|
|||Notes to Nm|Rnan otal Btatementa far the Year
Circuit ldodel
Un estrlckd
Trust Fund||Resblclsd E~
Ended 31stAugust 2023||||
|6|INVESTNNENT
INCOME||5||E|E|5|E|
||Central Finance Board||1,329|161||492|1,982|1,019|
||||1,329|161||HI2|1,982|1,018|
|6|GRANTS
CJRS~t Grant||||||||
|7|OTHER OUTGOINGS|||||||2022|
||Bank charges
P~fess||||||5
270
4,480|8
260
2,715|
||||||||2268|2,160|
||TMCP Admln charge||||||1,155|138|
||Bsd debt||||||(24)|(24)|
||||||||8,149|5249|
|8|TELEPHONE &TRAVEL||||||||
|||||||||8|
||Treading
NNsaga||||||3,951|542
4,146|
||Talaplmna||||||674|2,572|
||||||||4,625|7,280|
|9|INDEPENDENT
EXAMNIER REMUNERATION
I~IExamination||||||EIUS
1,134|2022
8
1,080|
||||||||1,134|1,080|
||Psyros and other senrlam||||||965|885|
|||||||||3,025|
|10|REMUNERAllON||||||||
||Staff coats pakl during Ihs year were ss foNows:||||||||
||Gross wages, salaries snd bane518 In Idnd||||||92,059|118,548|
||Employer'8
Netkxud
hauranm|coals|||||5,139|8+49|
||Pmmkm ccats||||||10,752|14,e77|
||Total slsff lxmts|||||~|107,960|141,474|
##
##
|Notes to the Financial|Stalemenls
for the Year Ended 31stAugu|st 2023|||
|---|---|---|---|---|
|TANGIBLE FIXEDASSETS|||Ftltlnge 8||
||Improvements|Menses|Equipment|Total|
|Cost|||||
|As at 1stSeptember 2022|30,000|1,050,000|6,794|1,086,794|
|Additions|||369|389|
|Revakmbon|||||
|Disposah|||||
|As at 31stAugust 2023|30,000|1,050,000|7,183|1,067,183|
|Depredation|||||
|As at 1stSeptember 2022|30,000||4.213|34,213|
|Charge for Iha year|||702|702|
|Eliminated
on disposal|||||
|As at 31stAugust 2023|30,000||4,915|34,915|
|Net Book Value|||||
|As at 31stAugust 2023||1,050000|2 268|I 052 268|
|As at 31stAugust 2022||1,050,000|2,581|1,052,581|
##
||TMCP is the legal ovmer|TMCP is the legal ovmer|TMCP is the legal ovmer|TMCP is the legal ovmer|and|Custodian|Custodian|Custodian|Trustee|Trustee|Trustee|of all Methocbst|of all Methocbst|Model Trust property,|including|including|Legacies, Endowments|Legacies, Endowments|Legacies, Endowments|and Accumulated|and Accumulated||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Funds
Trust property||is held|||for and||on|behalf||of|local Managing||Trustees who are responsible|||for the|day to day management|||ofTrust||
||properly
TMCP ensure|||that,||thraugh||provding|||guidance||and acbng under ther drrecban,|||the Managing||Trustees|comply|vnth|Chanly
Law||
||and Methodist
Law|and||policy as determined||||||by the Methodist Conference|||||||||||||
|||||||||||||||||Endowment||Funds||CFB|Managed
Mixed Funds||
|||||||||||||||||2023||2022|||2023|2022|
||Analysis of Investment||||movements|||||||||||E||E|||E|E|
||Other mvestments|CFBManaged|||||Mixed||Funds||||||||905||945||23,496|24,422|
||||||||||||||||||||||2023|2022|
||Change
In Investnwnt|||values||||||||||||||E|||5|E|
||Caning
(market) value|||at beginning||||of|year||||||||||||24,422|26,060|
||Add/bans||||||||||||||||||||116||
||Disposal of shares||||||||||||||||||||||
||Net gain on disposal||||||||||||||||||||||
||Net gwn/goes)
on|revaluabon|||||||||||||||(40)||(63)||(1,042)|(1,638)|
||Canyrng
(market) value|||at end ofyear|||||||||||||905||945||23,495|24,422|
||||||||||||||||||||||2023|2022|
|14|DEBTORS AND PREPAYMENTS||||||||||||||||||||E|E|
||P/epeyments||||||||||||||||||||7,177|8,790|
||Odter debtors||||||||||||||||||||14,043|3,053|
||||||||||||||||||||||21,220|9,643|
||||||||||||||||||||||2023|2022|
|15|ANALYSIS OF CASH||AT BANK||||||||||||||||||8|E|
||Bank balances||||||||||||||||||||ye,567|51,311|
||Bank balance held|in|CFB||||||||||||||||||17,188|3,951|
||TMCP Circuit fund||||||||||||||||||||12,585|12,404|
||liiveslmerits||||||||||||||||||||24,401|25,367|
||Cash in hand|||||||||||||||||||||11|
||||||||||||||||||||||130,741|93,044|
||||||||||||||||||||||2023|2022|
|16|CURRENT UABIUTIES|||||||||||||||||||||E|
||Ti'sda c/editors||||||||||||||||||||67,929|50,290|
||Loans||||||||||||||||||||43,004||
||||||||||||||||||||||110,933|94,854|
|17|CAPITAL COMMITMENTS|||||AND|CONTINGENT|||||LIABIUTIES|||||||||||
##
##
##