2025-08-31-accounts

Camborne, Redruth and Hayle Methodist Circuit

TRUSTEE'S ANNUAL REPORT

For the year ending 31st August 2025

Introduction

The 2 new pastors who joined us in September 2023 are having a really positive impact. Their input and enthusiasm during their time with us has been a joy to behold and we are blessed to have Sarah and Rob with us. We currently have 12 churches holding regular worship.

We began the year with just 2 circuit stewards. We appointed 1 steward in the spring of 2024 and the complement was increased to 5 for the 2024/25 year. Individual church membership continues to fluctuate but our faith in the future is strong and we continue to develop outreach projects at some of our churches.

Our superintendent minister Reverend Keith Osborn retired in autumn 2024 and we have been extremely grateful for the help and assistance from Reverend Chris Jackson from the West Devon circuit.

We cannot complete our report without acknowledging the hard work that all members of staff and our volunteer members have put in during this year of change. Each one of you has made your own valuable mark on our work and the grateful thanks of the whole circuit are due to you.

Aims and Activities

Our Circuit mission statement is: To make disciples through Christ-like living and so to build the Kingdom of God. In practical terms this translates as:

• Ensuring the spiritual wellbeing and development of the local Churches of the Circuit, through leadership, pastoral oversight and care.

• Supporting local Churches in their distinctive forms of mission and outreach and their efforts to demonstrate and share the love of God.

• Creating and developing appropriate means of mission and outreach to serve the present age.

• Supporting our Circuit ministry team of two full time presbyteral ministers, two full time lay pastors, one part time and one full time lay pastoral worker ~~s~~ , and one part time administration officer.

• Maintaining and insuring the five Circuit Manses, and the payment of appropriate utilities for the two Manses occupied by Circuit staff.

• Using all assets and resources for the purpose of the charity

Brief financial review of the year

Our income was down a little due to the vacant manse at 5 Mount Pleasant which was used as a circuit office and meeting space for the year. It has latterly been redecorated and our new superintendent took up occupancy in August 2025.

Salaries and staff costs saw a saving this year due to a reduced complement of staff. Increases were in line with conference approved rates. This expenditure accounts for over 50% of our total spending. Circuit contribution to the district increased by 3%. It was again gratifying to see that churches continued to pay their assessments at the agreed levels.

Our deficit for 2025 was £89k, a slight improvement on the previous year and was very close to our budget for 2025.

Our 3 manses which are let, continue to provide good income.

The refurbishment of Kehelland is complete and room hire rental is just covering our costs. However, the process of creating a long-term lease with a Community Interest Company is taking more time than we anticipated.

Plans for 2025/26

Our new superintendent minister joined us for 2025/26 along with another new presbyter. We continue to utilise our reserves to fund the valuable work our pastors and pastoral workers are doing. A review of manses will take place early in the year.

Basis of preparation and legal framework

The Charity's annual report and accounts for the year ended 31 August 2025 have been prepared in accordance Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)

Full Name of Charity: Camborne, Redruth and Hayle Methodist Circuit

• Registration Charity Number: 1139494 Date of registration: 23[rd ] December 2010 Main communication address: - Circuit Office:

c/o Camborne Wesley Methodist Church, Chapel Street, Camborne TR14 8EG

The members of the Camborne Redruth and Hayle Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches.

Full membership is shown as Appendix A to this report.

Circuit Ministers and officers:

Active Circuit Ministers:

Rev Ray Borrett Rev Chris Jackson

Active Circuit Pastors:

Mrs Sarah Flowerday Mr Robert Manley Circuit Lay Workers: Mrs Sue Voisey Mrs Claire Beavis

Circuit Stewards Alan Butterfield (from September 2024) Neil Harvey (from September 2024) Ann Hosking (from September 2024) Sharon James Helen Thomas (from September 2024) Administrator Mrs Karen Hurr 2019

Independent examiner for 2024/25

Michelle Bowley MAAT, Shoreline Accountancy Services, 49 Trembel Road, Mullion, Cornwall, TR12 7DY

Investment Bankers:

HSBC Bank PLC, 17, Boscawen Street Truro.

Central Finance Board of the Methodist Church and Trustees for Methodist Church purposes

Objectives and organisation

Charity objective is to act as a Resource provider within the area around Camborne, Redruth and Hayle for the Methodist Church:

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;

b) Any charitable purpose for the time being of any Connexional, District, Circuit. local or other organisation of The Methodist Church;

c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;

d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church

The organisation and resourcing of regular public acts of worship open to members of the church and non-members alike. The teaching of Christianity through sermons, courses and

small groups. The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in local schools. Promotion of Christianity through the staging of events and services. Provision of chaplaincy services to the local educational and other institutions.

Public Benefit

We confirm the trustees have had regard to the Charity Commission's guidance on public benefit.

Structure, Governance and Management

"The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976) Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).

Circuit Meeting

The Circuit Meeting met four times during the year ended 31st August 2025 This meeting deals with essential business and also allows for other issues to be explored such as mission, resources and training. News is also heard from individual chapels of developments in their work and witness which may be of wider application in the Circuit.

Local Preachers' Meeting

Local preachers me ~~e~~ t three times and these meetings are generally well supported.

Circuit Finance Committee

The Circuit Finance Committee met once during the year to review the annual statement of accounts in depth. The meeting provides the opportunity for the treasurers from all the churches in the Circuit to meet to share ideas and discuss any financial pressures that may affect each individual church.

Circuit Leadership Team

During the year the Circuit Leadership Team met frequently to discuss Circuit Policy, property and finance matters. Recommendations were brought for consideration by the Circuit Meeting. The constitution of this meeting is the staff team plus Circuit stewards.

Circuit Events

Circuit events have been developing during the year with some events on a regular basis. Internet and media facilities are continuing as well for those who wish to worship from home.

Trustee Training

A range of guidance produced by Methodist Connexion to support the effective running of the circuit specifically the leaflet 'The Role of a Trustee in The Methodist Church' is given to all new Circuit meeting members as induction to their role as trustees.

Related Parties

The Circuit is part of the South West Peninsula Methodist District and is also accountable to the Methodist Conference.

The following Methodist Churches make up the circuit: - Angarrack, Barripper, Beacon, Camborne Wesley, Centenary, Redruth United Methodist, UMC Four Lanes, Hayle, Mawla, Porthtowan, Troon and Wall.

The Wesley Centre is part of the outreach of Camborne Wesley Chapel which is linked to the Circuit.

Risk Management

The major risks have been identified and recorded by the Circuit Finance and Property Committee with professional advice taken as required. The day-to-day business of the Circuit has been conducted through face-to-face meetings with some limited use of social media platforms. There is a regular annual review process undertaken and recorded.

Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.

Safeguarding

Every person has a value and dignity which comes directly from the creation of male and female in God's own image and likeness. Christians see this potential as fulfilled by God's re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.

Methodist Connexional practice outlines commitment to the following principles:

• the care and nurture of, and respectful pastoral ministry with, all children, young people and adults

• the safeguarding and protection of all children, young people and adults when they are vulnerable

• the establishing of safe, caring communities which provide a loving environment

• where there is informed vigilance as to the dangers of abuse.

• We will carefully select and train all those with any responsibility within the Church, in

• line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.

• We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation.

• We will seek to work with anyone who has suffered abuse, developing with them an

• appropriate ministry of informed pastoral care.

• We will seek to challenge any abuse of power, especially by anyone in a position of trust.

• • We will seek 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 principles we will follow legislation, guidance and recognised good practice

The Camborne, Redruth and Hayle Circuit commit itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.

The Camborne, Redruth and Hayle Circuit commit itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

Reserves Policy

The Reserves Policy for the Circuit is to hold a minimum sum equivalent to six months' average expenditure. This level was set some time ago and it seems prescient to review this based on our current levels of expenditure. To maintain a 50% level requires reserves in excess of £160,000. Our Model Trust Fund and current account funds comfortably exceed this figure and thus, the Circuit stewards confirm this level of 50% or £160,000.

cc Nam• of Clrcuh CAMBORNQ REDRimi & HAYLE Clrcult No 3711 Statomont of Fjnancial Acthrfti•s ISOFA) for tho yaar ended 31 August 2025 t>•¥VJlled Circurt Mo Funds Gorbwal Fund Total Incom• 1 Donations and 2 Income from mtwotsry invethon 3 Ineome from inv96trnwt k¥opoth• 4 AB8assmont8 on ch￿￿1188 S Capital Ro¢0iQt8 8 Gr8nl8 receivad 7 thhorch8r5tsb￿ e Tolal In¢om• Exp•ndltur• O Gr8nts and d)n811on8 10 Sak4rfgs 8￿j aSsoda￿ cos 11 Prop9rty malntenanc8 12 COnne￿Onal 8S888n8ni& M¢￿ bWiI•Yy 13 Dlsirfct Asses￿•￿1 & Lovy 14 Deprgclallon 15 Offic8 8xp8ns81 16 Oth8routgoino8 17 Totil eharllBbl• •xp•ndl¢u 18 Ga1nBllkn￿O¥1 on w￿n•tary kwulm8rt9 19 G8ln8llh)$88sI on Inwosimeffl prop•rt 20 N•t In¢omell•xp•TrJllur•l 21 bets￿n frJnd6 22 th•r o•ln•llloowJl 23 N•t mr•v•m•nt In lund• 24 Tol•lfund8 257ot•l kndsf•vvW f•rn• 2,828 2273 &201 46.697 181,647 11J,110 36.891 176,010 181,647 2,411 2.411 23S 9S6 16,424 184.249 184,249 8iS2S 211.075 46.415 5SJ52 2.g18 18.019 2.918 18.019 13,8J9 13,534 339 9315 9.548 245 192.OM) 2.373 11•,4171 { 70.Cth> 113.5131 113,5131 102 930 671.944 $69,014 78.233 248 132.957 94.$58 24.OKI 2{00• 411.634 324.121 0.715

Name of Clrcult CAM8ORN4 REL)RlJtH & HAnE Clwrult No 3711 Statement of Flnanclal thivities (SOFA) for the year ended 31 August 2024 Gen￿1 F￿dI Tntst EnthJMn•rt Tot•1 Fun 2023R4 2022123 Incomo 1 DonalonÈ Ènd18gadB$ 2 Ineomè from monetary Inve#tm 3 In¢ome Irarn inv9¥tmwt 4 A8868smenl8 on Churce8 S Cgpllal Rg(lpl6 6 Grants rèThvad 7 ¢3thqrch*taLqO Irt￿￿• 8 Total Incom• 3Jn 10,110 36,595 176,510 8.499 35.428 169.114 178,510 1.800 16,425 16.425 31,149 Ex￿ndIture g GrBnts and donotbjn 10 Salane8 and 88s￿leted colts 11 Propety mointen8 12 Connexh)nal 8S8888ment & mod•l bust 13 DI81￿¢1 A88888m8nt & 14 Dèprtdiibn 16 Offlc• expen￿￿ 18 Other outg01ry8 17 Totsl oh•wltsbl• •xp•ndllur• 18 G￿￿11100$••I on mon•tsry Inv•¥kn•nl• 19 G•nslllo98e81 on tswe8mnt woF•ril 20 N•t In¢om•ll•xp•ndltur•l 21 Tr8nsfer8 batween funds 22 OlhÉr qAinsllbsso$l 23 N•t movgm•nt In 24 TO1￿ Iurwjs brouohlforyAIo 25 Tot•llunds c•rrl•d forward 211.075 46.415 211,075 143,710 60,026 35252 13.8E 13,$34 13.609 11,030 3.706 8,548 9.548 15,4741 11011ni 25.( •.Y8 I ￿.24n 132.3231 15.tt4)1 120.fXYJI T8233 78.233 99.684 171.730 333.4Q1 25.338 1.715 123.409 682,958 957 871 W 015.597

Nam• oe Clr¢ult CAMBORN4 REDRUTH & HAYLE Clrcult No: 3711 Balance Sheet as at 31 August 2025 TLtsIB Tptsl• Yn¥ts Fun FW Cvwt & E Invosltnent 1 160•00 133J03 I,ewtyJ 8100 2,957 .J•T.gOT eurr•T%tAM•ts OebtN6 354 Inv¢stmgnts with TMCP Cènttal Flnsneè Board D• Caih418ank Bnd In har 61.521 42.93 114,157 119 25J ,121 471.140 J07,7J8 Curronl Illl Credrtor4 GF•nt8 •• 42.334 b￿￿thn 2023124 .T 1,527J23 32&121 1312U3 1024,1115 (￿ternI Il•bllths due ofter more thaTh one GrAnt8 blè aft•r202￿4 LoEn&kTrlhe Clr¢L41 328,121 11.080 .Tr olth• ¢lr¢utt Fwd UhrJb%¢t•d Clr¢LI MthJ•l TN•i FuThJ liknr•th¢i•dl D••Nn•i•a Furth Iunmtnthjl Jxi 4it.834 24,080 24.OBO 1.979,724 Fund¥ EnC￿￿￿ent Fmdl 11 8,715 lJ2,957 1J1243 1J3303 024Q1J Toi•lFth Cirvjit Treasun

AMBORNE RÈDRI)Th HAViE MEfHOIXSTOACUIT- NUMBER 37101 NOTESTO THE ACCOUNTS Yearto 3tstAW2025 i B•sts ofA<tountkn8 The financial statements ha% been prepared underthe Chaiibes Art 2011 In accordarKe wtth the 2014 ¥wson of Accountirvd and Reporting by Charitie5'. Ststernent of Recommended practi￿ ISORPI applicabjeto charIt￿5 preparir¥ theirat¢ounts In a¢¢ordant wlth FRS102- the Charfts SORP IFR51021 l Fund5 ftjnds held consittute.. General Fund5 held forarry pUr￿lse of the whkh are Unrestrlrted. The ClY£ult Modd Trust Fund has whde purw)sÈs tlefined in Stantllng Otders and ts categorfsed as unrestrlcted. Restricted lunds which are held for a narrower purpose, There are no Endowmenthjnds. I￿allS0f eath materlal fund aredisdosed in the Anal to these attounts. Anylunds may be represented by moreihanlust cash. 8051$ These accounts have been prepared on the b3s15 of h15torf(al c05t e￿p1 that Irwestments are shown at thelr markd value at the end ol the year. on the accrua15 bas15to showa true and fair wiew of the Circuit5financial posluon and acthfltles Inromln8 R•wur¢ Inrome Is Included In the Statement of Flnanoal ktbhtye5 ISOFAI ¥knen theorcurt bqcome5 •ntrtled to the ￿$OUr￿$. and the trustees arè re0￿￿•￿￿ ¢¢rt•ln tlw wlll r￿￿Ve1h rexuw ttr monrtary be measuied wlth sufflclent RwouKes Exper This is re¢o8nbed when 4 Il•bllrty b IrKuned. ¢y a ￿nstruc￿e Obli￿tIon arlses, that results in the payment bein8 unavoidabk. Lkblltties are reco4nised as soon as an ouffiowof economk benefit isconsidered more lIke￿ than not undtrthe le831 or on5tructi¥e obligation cornmitting the to pay out resource VAT 51ncèthe arculf b rioi VAT re81siertd. #ll IW VAT Istharyed wlth tht rowhich li refers Tw¥+le lkned assetsloruse trstthe ClrrulE Tan8lbltflxed ¥ssets are ca￿￿11$¢d rfttry Can b• w•dformty•th•n y••r. •nd¢ost •t l••# f i,￿. The freehold propertle5 are Shown In the accourrt5 at vaTIw5 deemedvalu￿.Tht property lft Mount Ple•u4)t Oose we revalued In 2009110, 1 Porc Clles Is based on the pwchase prke In 2016117. Value of North R05kear Road was increased in 2017118 to show a tnjeryalue. No deprecLqth)n Is onthe bu[￿r￿ because the trust￿ con￿derthe current Tesldual f•ir Val￿ of the m•ns¢ b￿ld1￿1¢fi thÈ ssumpth)n that rt leached theend of its usefvl econornlc Ilfe bytheyear-endl to be not lessthan its curreni value. Any depre(laiion woukl Dot ￿ m•terl•l. The propertles have ￿en re¥lv•MI for Impalmient. Investment propert(es- From tsme to time the Clrcurt rnay hold residential wopertie5 Iformerty man5esl which 15 surplusto its nornial staffln8 req￿rernents. When thi5 is the case and it 15 afitxipattd thal the property is urtllkefy to be usod as a manse, the property Is CIa￿f4ed as Inwmment Property. The ar¢uit h•$ loursu¢h prtyerty 27 Mount Pleasant Ckse. 16114orth Roskear Road, I Parc aths •nd 6 Chapel Hlll Investments arevalwl in the balarKe shtetat market the ￿rer￿1. Investment IrKoff15 IrKluded Ir5thÈ atcounts when feCeIvab￿ and wy8an5 or los￿ on rv¥lualDn att￿ •nd shown inthÈ SOFA. Payment in advance induded in the actouhts is im rtspettof thÈministersstipends. whth are ￿ld In Au8USt 2025 relat5n8to the 2025126linanrial year. Cred￿015 Credltors Intlude both sundryexpenses and 5￿fal￿tthe 1st quartera55e55nWt rq¢¢fv4d lft Awst 2025 and relatln8 to the 2025126 finanual year

4 PaymenttoTntyle•s There were no payments made to the trustees for addttional Se￿￿$ provided to the urcuit by agreement with the Qrcuit rneeti￿ thi4eX￿￿1e5 stipends Tnjstees Expen5e5 2024 Nurnber of trustees Total amount £14 £465 5 F•s lor•xamlntkn or ofaettyJbttS IndepeTrJent examineVs fees for reporth* on thÈattouAts. Other f¢e> le.& 4thtKe. •ccourt4rKy ¥eThr¢Jl paid to the irthendent eyAmlner oraudttor 24 £300 £ 3,070 £300 6 Pald employees Staff Costs Ourlng the Year were.. Stipends and hy workers lind. emph)￿$ Nl & Per6kin Contrib￿￿￿) rentlceshlp Levy TravellMSlea8e ￿lO￿al￿e$ ￿¢ Total stsff Costs 165.331 659 18,259 184.249 195.409 760 11,319 207

CAMBORNE REDRUTH HAYLE METhODNaRcu￿- NUMBER 37101 7 TANGIBLE FIXED ASSErs Yearto31stA4tst ￿25 attount and her fft¢iry5and ewwent Tot•1 Cost orValu8thJn Balance brou ht fotwèid Additions Revaluations DI5 osals Transfers 8alatt¢¢ Carried (orward 495. 665,fAYJ 295.c￿l 665. Aceumulated Oepre¢tsilon Balance brou ht forward Depreciation charRe foi year l-l Revaluatlons Dis osals Tr•nsfÈrs Balance carrltd fo￿ard N¢t book v¥l¥¢ Brou ht forwèrd Carrled forward Fynd Nome Jntamln8 Trnrf• aoslr Balan Purpw olth• fund For use by the trustees In the fvrtheran¢e ofthe Reneral objectfve$ olihe Clrcult and which have not been designated General 94,558 2335 1325,6191 Manse Fund Relocatlon Fund Stationln6 of Mlnlsters Gateway Prolect 19.L 19.0 SupportlnRthe new bulld project Clrcubt Model Trust Fund 411.633 18.S65 132.077) 170,C4))1 328,121 Funds held at TMCP Totals 530.271 148 357,6961 424.723 R•strfrt•d Fund Nam• Opqnln¥ Balan(• Incoml Closlng Balawi Purpose ofthe lund Mlnlstry MaSntenanee Fund 8.715 2J73 11.088 pportlTr8 mln15try Irestricted fund) Totals 373 9 ENDOWMEpirs Th• currontv*lw olth• Endownment Anr#J•l Purp050 ofthefund Fore5treet Perrnanent Endownment Supportlng mlnlstry (endowment fund) 133.203 2.805 Totsls ia3,203

Camborne Redwth & Hayle Methodist Cir￿lt Charity Reg: 1139494 Ind•p•nd•nt EXamIn•￿$ Stat•m•rtforth• prlod end￿ 31#t August 2025. I have completed my examinallon. I conllmi that no material ￿￿￿tterS have come b) my attenb'on in connection with the examination (other Ihan that disdosed below'l which gtve me cause to believe that in. any matsdal respect the 8ccounting records wère not kept in accordance with sedion 130 oflhe Art or the accounts do not accord with th& accounling records. I have no concerns and have come a(TOSS no other matter5 In connedjon wlth the examlnalon to whlch attention should be dr8wn In Ihls report In order to enable a proper und8TStanding of the accounts to ba rfjo¢hed. 8¥offtave nor obtsined Independentverfficaljon of all Investrnents wlth the Trustees for Methodlst Churc*+ Purpos88 or held in other trusts, bank balanc8s and fijnds at Ihe Central Finance Board of lh8 Melhodist Church which are individually in èxcess of£10.000 ltsn thousand pounds) at the balanc6 $he•t dote. Slgnabjre of Independent examlner Nam8 oflndep8nd8ntexamlner MICHELLE BOWLEY FMAAT AATQB Relevant profe￿onal qualifficallon of independont OX8mlner A4T Name offirm (whér6 8pproprl8ts} 49 TREMBEL ROAD, MULLION, CORNWALL SHORELINE ACCOUNTANCY SERVICES Addro$8 TR12 7DY Date 1710212026 delets orcircle as appropriate

Camborne Redruth & Hayle Methodist Circuit Charity Reg: 1139494 Independent ExamIn¢￿$ Ststement for the perl¢)d ended 31 ¥t August 2025. I have completed my examination. I confimi thatno matcrial mattcrs hov¢ Gomc to my att¢ntion in connection with the examination lother than that disdosed below.) which give me cause to believe that in. any material respecL the accountino rewrds were not kept in accordance with section 130 of the Act,. or the accounts do notaccord with the accounting records. I have no Goncerns an¢J have Gotne aLruss olher m¢ittetb Iri willieG￿vil wlth Ihe exatnlnallon to wnlrh attention shotjld be drawn in this report in order to enable a proper understanding of the accounts lo be reached. 1&8¥&thave not. obtsined independent verification of all Invegtrnents wlth the Tru*eea for Melhodiat Church Purposgs or held in other trusts, bank balances and fvnds atlhe Centr21 Finance Board of the Methodist Church which are individually in excess of£10,000 (ten thousand pounds) al the balance shoet d8t8. Signatur9 of ind9pondent examiner Name ofind8P8ndent8xaminèr MICHELLE BOWLEY FMAAT AATQB Relevant professional qualification of ind8p8ndont 8xamin8r AAT Name of fimi Iwnere approprlate) 49 TREMBEL ROAD. MULLION, CORNWALL SHORELINE ACCOUNTANCY SERVICES Post Code TR12 7DY Dat8 1710212026 delete or ¢ir¢le as appropriate