ST AUSTELL MEfHODIST CIRCUIT R¥isiefed Charity r40. 1141n2 Trustees, Annual Report: I September 2024- 31 August 2025 sTrucfuRE. GOVERNANCE AND MANAGEMENT Charlty name St Austell Methodist Qrcuit Reilstered charlty number. 1141712 Strurture: The St Austell Qrcuit is part of the SW Peninsula methOdt DtrICt which was formed by the merger of the old Cornwall & IOS and Plymouth & Exeter Districts and is accountable to the Metho¢Jist Conference. The Cirojit funttions in accordance wtth the Constitution, Practice and Discipline ICPDI of the Methodist Church, known often as the Connexion. Names of the charfty trustees: The numberof trustees flurtuate5 during the yeardependingon thanges in offite holders in the chapels and Circutt. There was an avernge of 75 tfUStees listed on the Charity Commission website durlng this year. They are appointed by local churches and existing trustees,. Ministers are automatically trustees. In accordance with the CPD of the Methodist Church, the ChaSr was Rev Paul Benney. the Superintendenl Minister of the Grcuit. who came to the Cirtuit on I September 2021. Names and addressd of advisers: Le8al- previous Stephens Scown. Osprey House, Malpas Road. Truro TRI IUT, but now legal advice comes from Anthony Collins & Co. one of the fimis recommended by Trustees for Methodist Church Purposes to be used by Circuits. Financial- Phillips Frith, 9 Tregame Terrace, Si Austell PL25 4DD Independent Examiner- Amy Sole FCA of Phillips Frith LLP Investment Bankers~ Trustees for Methodist Church Purposes Estate Agents- May Whetter & Grose. BaV¥ House. St Austell Enterprise Part Trvlerbyn Road, Carclaie, St Austell PL25 4EI Description of the d1$ trusts: Type of governing document: Oeed of Union119321 and Methodist Church Act119761 Management: Circuit trustees meet four times each year (the Clrojit Meetin81, and a Circuit Leadership Team ICLT) consistingofthe Circuit stewards and Staff meets between thetrustee meetin8s. There is also a Propertv Committee, which oversees the management of property in the Circutt. and is responsible to the CLT and Circuit Meetin& The day to day management of the fjrcuit is undertaken by the CLT. Clrtult Administratilr: Tracey Collins. High Beech. 2 St Giles Drive, Gonvena. Wadebrid8e, PL27 6DS. took over the administration of the Clrcuit in September 2025 due to the serious illness of the long-standin8 administrator, Debbie Eade, 7 Eastbourne Road, St Austell PL25 4SL Sadty. Debbie died in December 2025, so Tracey remains in post until August 2026 Indurtlonrrrainini: A range of Buidance is produced ty Methodist Connexion and provided as requid. The leaflet Yhe Role of a Trustee in The Methodist Church, has been given toeach trustee. All trustees who are required
have undertaken Creatingsafer Space Foundation Module training, and many have done the Leadership module. This training is ongoing. Manytrustees have aLso undergone DBSchecks for workthey do within the churches of the fjrcuit. Rlsks: A fomial risk assessment for the Circurt has not been undertaken, as the Circuft operates as part of the legal structure of the Methodist Church of Great Britain. Any specific risks are considered by the CLT. who take professional advi as quIred. Safeguardlng: Every person has a value and dignrty which comes directlyfrom the creation of male and female in God's own image and likeness. Christians see this potential as fu111ed by God's re<reation 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 principSes- the care and nurture of. and respecrful pastoral ministry with, all children, young people and adults the safeguaftling and protection of all children. young people and adults when they are vulnerable the establishing of safe Caring communfties which provide a loving environment where there is informed Vigilan as to the dangers of abuse we will Careful selett and train all those with any responsibility within the church, in line with safer CruItMent principles, including the use of criminal records. disclosu5 and registration with the relevant vetting and barring schemes we will respond without delay to every complaint made which SLtggests that an adult, child or voung person may have been harmed. Co-operating with the police and local authority in any investigation we will seek to workwith anyonewho has suffered atmjse, developing with them an appropriate ministry of infom)ed pastoral care we will seek to challenge any abuse of power. especially by anyone in a p)sition of trust we will seek io offer pastoral care and support. includin8 supeNision and referral to the proper authorities. to any member of our church community known to have offended against a child. voung person or vulnerable adult in all these principles we will follow legislation, guidance and recognised good practi¢e.- The St Austell Methodist Circutt commits itself to ensuring the implementation of Connexional Safeguarding Policy. 8ovemment legislatn. guidance and safe prartice in the Circuit and in the churches. The St Au5tell Methodist Grojit commits itself to the provtsion of support, advlce and training for lav an(i ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguardin8 and promoting the welfare of children and adults who may be vulnerable. OBJECTIVES AND A1V[rIEs Summary ofthe objects ofthe fharlty set out in its 8overnlng document: The purposes of the Methodist Church are and shall be deemed to have been sinte the Date of Union the advancement of:
al The Christian faith in accordance with the d¢)ttrinal standards and discipline of The Methodist Church; bl Any charitable purpose for the time being of any Connexional, District. Circuit, l¢xal or other organisation of The Methodist Church- cl Any charitable puryN)se for the time being of any society or institution subsidiary or ancillary to The Methodist Churth: dl Any purpose for the time being of any charity being a chartty subsidiary or ancillary to The Methodist Church. Summary of the main xtivities undertaken torthe public benefrt in relati¢)n to these objects: The trustses have had regard to the guidance issued by the Charrty Commission on public benefit. The Circuit produces a quarterly preaching plan to ensure regular acts of worship take pla at each of the 19 Methodist Churches in Fts geographical area and these a open to all. The Circuit is also direct invofved with leading worship at the Age UK Day care Centre and other venues as invited. These include conducting numerous funeral seivices at local crematoria as well as at churches, baptisms and weddings. The Pastoral Assistants visit care homes and people In their own homes to provide care, support and assistan in the name of the Church. The Children and Families workers provide activtties for large numberof children and young people across the Circuit on both weekdays and Sundays. ACHIEVEMENTS AND PERFORMANCE al Circuit Policy Document- a Circuit mission statement and mission strategy began operating in 2013, and many local churches revised their strategy to bring it into line with that of the Circuit. The strategy has brought a better financial balance to the Circuit, and enabled the appointment. of a number of lay workers- pastoral assistants and a new Children and Families Worker in July 2022. and in 2025. A review of the Cirtutt Mission Statement and Strategy was carried out following the pandemic, and a Vision Oay was held on l March 2025 at Fraddon. Almost 80 people from around the Circurt attended and unanimousty agreed that due to ageing congregations and diminishing numbers, radical changes need to be made in the Circuit. The Circuit trustees set up a number of Task Groups who were to report back to the trustees in the autumn and winter of 2025, beyond the scope of this report bl Arising from that strategy some societies have taken the opportunity to combine their serViS and alternate their Sunday worship. St John's and Trinity TwOOn formally agreed to join their two societies together in 2021 an(l. although both church buildings remain open, the society is now known as St John's with Trinity Trewoon Methodist Church. The same has happened at Gunwen and Stenalees- and Nanpean and Whitemoor. ¢1 Total adult attendantes at the main services on Sundays have not been recorded since the lockdowns of Covid 19. It is becorning more complex to do so. given the larger number of joint services taking place across the Circuit. Recent membership statistics have shown a further decline, giving impetus to another Circuit Vis40n/Action Day in 2026 aimed at deciding on new ways forward for the Circutt dl The renovation work to the hall at 8u8le has i*en completed, as has smaller renovation sthemes at Stenalees and Nanpean. el Renovation work at Tywardreath. including the roof, is now complete. Churches in the Circuit work wfth various ecumenical groups such as Churches Together in St Austell, Par. Mevagissey. Roche and St Dennis. gl Work wf(h children and young people has increased with the return of holiday dubs, Youth Club at Bethel. Messy Church. Le80 Church and Open the Book groups.
Sertlon E Flnanclal Re¥lew FINANCIAL REVIEW See "Annual Accounts and Reserves Policy 2024-5" on following pages. The Cirojit Leadership Team has drawn up a Set of recommendations, which have been accepted by the Circuit Meetin& to ensure grants made from the Circuit Model Trust Fund are used effectively for mlssion and capital works. Grants and loans amounting to approximately £8.20512024= £28.6681 were approved for 5UPPOrting the staff antl churches in the Circutt with property schemes. Also £50,532 was paid to the District and Connexion in the forni of assessments and levy12024'. £50,308). The chur¢he5 of the Circuit hold other trust fund5. Brief statement of the charitys polity on reserves: The ReseNes Policy for the St Austell Circuit is to hold a sum equNalent to 6 months, average expenditure. This should be sufficient to meet any unforeseen item of major eXpend[tU on manses andlor to be able to continue in the short temi. funding ptanned activities in the event of the closure of large church or an inability to raise the full fjrcuit Assessment from churches. As part of our foNard plannin& expenditure forecasts are prepared looking 2 yeats ahead. It ne$sary to hold sufficient working cèpi(al to enable the quarteth payment of stipends and business expenses for 2 ministers and various lay staff. and our contribution to the Dt5trict. Forfurtherdetails see the folkjwing Annual Report and Reserves Policy. Detai15 of any funds materially In deficit: There a none.
ANNUAL ACCOUNTS AND RESERVES POUCY 2024-25 This document includes all fvnds hehd by the Circuit Meeting as trustees of the St Austell Methodist Circuit chartty, charity number 1141712. l. Aims The aim of the Circuit is twofold: l. To secure the Circuit's viability and fijtu work 2. To give a$SUranCe to the general public that the Circuit intends to use all of its resou5 for the purpose of the Chartty 2. Mission Policy The Circuit's Mission Statement is set out in a document accepted by the fjrcuit Meeting in March 2019, accompanied by a Circuit Mission Strategy. currently under review. Essentialty it provides for- al Ministerial oversight and pastoral care of the 19 churches in the Circuit bl the support of a Ministry team of 2 presbyter Ministers and 5 part-time lay workers cl the maintenance of 5 Circuit manses 3. Financial Revlew a) Unrestrirted income The Circuit assessment is reviewed annualty and is intended to ¢over the cost of the policy above; the assessment is based on proportionate church membership and attendance. Total general fund unrestricted incoming resources totalled £270.54612024= £227,394) and outgoings totalling £260,946 12024: £236,860), with a surplu5 over the year of £9.6CM)12024: £9.466 defecitl. We normalty make provision for our property maintenance programme by designating up to £10,000 per annum. The Circuit funds lunrestricted general fund51 balance at 31 August 2025 was £1,122.863 12024.. £1,102,781). Almost all of the balance is the value of the manses. Under Standing Orders, the Circutt must meet its financial obligation5 in relation to the support of its Ministers and the maintenance of its manses, the total cost of these OblatIonS last year was £124.214 12024- £98,803). The independently examined Standard Fomi of Accounts, the statement of account for the Circuit and the Children's Work account are available for in5pertion at the Circuft Meetings and at any other time by appointment.
bl The Clrcult Trust Fund The Circuit Trust Fund IcfF - fomierty known as the Advance Fundl No. 9941 is the main fund with a balance at the year-end of £155.94712024- £181,139). The reserve fund 19941AI held £431 12024.. £4131. This fLEnd derNes from the sale of chapels and manses and is restricied by Conference. This restriction Is an internal regulation atthough the fund can be used for a variety of purposes. The Circuit also holds other trust funds which amounted to £74,81612024- £71,7451 at the year-end. The total of all the trust furKls was £231.19412024: £253,297)- The Charity Commission has agreed that it appropriate for the Trustees to set a policy for the management of the CTF, and this is currently to be held as a general contingency reserve. in lieu of any current large sum commttments. The reports and reserves policy was agreed by the St Austell Methodist Circuit Trustees meeting on 12 March 2025 Signed.- Rev Paul Benney, Chair On behaff of the St Austell Methodist Circuit
StAustell Methoijist Circuit Clfcuit No. 1141712 Statsment of Flnanclal Actlvltleg (SOFA) fw the y•ar •nd•d 31 August 2025 Clrcull Mod G•n•rnl lund Trust Nots• lunrnstrkt¢dl {un(•stri¢WI Restrictod Funds Total 202+25 Inmmo DonatKJns and Incorne from monetary inveskne Assessmenls on Churches Grants receNed Caprtal receipts Other charrtable In 6.274 654 197,602 5.520 550 6,824 11,499 197,602 S,S20 10,845 51.016 $2,822 Totsl Income 261,( 10,84S 2.356 274,267 Expendlture Grants and donws Salaries and associated stipend eosls Propety maintenance and rental expw Connexional assessment and mcJel trust levy District assessment and leyy Depreciation Off¢ expenses Redundant chapel cost5 Other OIrtgngS 8.20S 131.138 23.371 8,205 131.138 23,371 40.414 10.118 46,971 10,118 12 3.116 2.051 33,OS3 3,116 2,051 36,727 10 823 2.851 Total charilable oxwndityr• 251,4e 2.851 261,697 Net inCom(eXpendItufeI t*ftYe jmwl gainsAosses 3.465 {495) 12,570 Gainslllossesl on monetary in¥eslrne Nel gains on propety disposats Not Inct)mel{exwndlture) 3.474 {495) 12,579 RaclassifKat offunds 10,482 10.482 N•t movom8nt in funds 20,082 17,¢J)81 14951 12,579 Total funds brought fcwward 1,102,781 493.6S3 1,599.098 Total fvnds carrted fomard 1.122,863 2.169 1.611.677
StAustell Metho¢Jist Circuil Circuit No. 1141712 Statement of Flanclal A¢tivltles (SOFA) for the year ended 31 August 2024 Circuit Model General fund Trust Notes {unrestriGtedl (unStricted) Rostrfthd Funds Totsl 2023-24 Income OonalKJns and legacies Income from monetary invesknents Assessments on Chuhe$ Grants reeeived Capital receipts Other charitable income 5.551 707 1e6.822 3.1 6,551 14,236 166,822 3,300 112,678 53,351 13,529 2CIJ 112.678 51.214 2,137 Total income 227,394 126.207 3.337 356,938 Exponditurg Grants and donations Salaries and asse¢1 stipend costs 13.668 123.735 15.000 28,668 123.735 Propety maintenance and rental expenses Connexional assessment arKI model trust levy District assessment and levy Deprec£tion Offe expenses Redundant chapel costs Other oulgoings 9.730 9.730 40.236 10.072 7.573 47,809 10.072 226 3.226 7.603 31.826 12 7,603 28.364 10 873 2.589 Total charitsble expendlture 236,860 23,446 2,589 262.895 Nel in¢omellexpenditurel before investment g8inslio8ses 19.4&8) 102.761 94,043 Gainslllossesl on monetary investmenls Nel gains on propety disposals 45,596 45,S98 Not incomellgxpgndilurnl 36.130 103,107 139,985 Reclassrficatv)n of funds 120.596 5.000 125.596 Net movomont in funds 184,4661 98,107 748 14,389 Total funds brought forward 1.187.247 395.546 1,916 1.584.709 Tolal funds carried forward 1,102.781 493.653 2.664 1.599.098
St Austell Methodist Circuit Circuit No. 1141712 Balance sheet as at 31 August 2025 Circuit Model General fund Trust Restrictsd Notss lunrestricted) {unrestricted} Funds Total 202S Totsl 2024 Fixed assets Circurt manses and equipment Investment 12 13 1.09S,109 265,436 4.830 1,360,545 1,335,799 4,830 4.821 Total fixed assets 1,0%.109 270,2E6 1,365,375 1,340,620 Current assets Debtors Investments wi(h TMCP Central Finance Board Oeposils Cash al bank and in hand 15 13 12,825 12,825 226,364 21,883 30.880 12.642 248.476 928 56,C67 21,883 28.711 2,169 Total current assets 63.419 226,364 2,169 291.952 318,113 Current Ilabilities Ciedi(ors (due in under 1 year) 16 35.665 9.985 45,6SO Tt)tsl current liabilities 35.&85 9,985 45.650 59,635 Net current assets 27,754 216.379 2,169 246,302 258,478 Net assets 1.122.863 486.645 2,169 1,611,677 1,599,098 Fund$ of the Circur( General Fund lunreslriLXedl Circuit Modal Trust Fund lunrestrictgdl 17 17 1.122.863 1,122.863 1,102,781 486.645 493,653 486.645 Total Unrestriclod Funds Restricted Funds 1.122,863 486.645 1.609.508 1.596,434 2,169 2.664 18 2,169 Totsl Funds 1.122.863 486,645 2,169 1,611,677 1,599,098 Approved by the board of trustees on ....................... SwJned and authoris&J for issue on the.. Rev Paul Benney
St Austell Methodist Circuit Circuit No. 1141712 Note5 to the accounts 18asls ol a¢countlng The financK41 slalemgnls have be prepared under the Charriies Act 2011 and in ordanCe with the Accounting and Reporting by Chari(ies'. Statement of RecommerKled Pra¢ts¢e aPpIable to chantw preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ of IreLand {FRS1021 {efft1ve 1 January 20191-the Charities SORP {FRS102} and taking Note of the Updale Bulletin 1 issuwj in 2016. The financial slemenls have departed from the Charities {Accounls and Reports) RegulalK)ns 2CQ8 only to the extent required to provide a true and fair v. This departure has involved f¢JknYing the Statement of Rrnmended Pradice for Charities apptying FRS 102 ralherthan the vetsh)n of the Statement of Recommended pr¥t1 which is referred to in the Regulations but which ha$ Since been wrthdra. The Circuit meets the definitKJn of a Publ benefft enbty under FRS 102. The Circuit ha$ taken advantage of the provisions in SORP for Chari1 app.n9 FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Fluw. Based on the monetsry assets and human resources avaiLgble at the year erKI. the trustees cons#Jer that there are no material uncertainltes about the Charitys abilty lo continue as a going coneem. The Charty remains operational, generating increased income and retaining SLIffeftt funds. The Circuit has denc¥n1natftal regulaw oversight in respect of the th of the churches within tho Circuit but has no legal or opèrational control of those churches and their governing b)dies. For this reason, the financial statements of churches thin the CILIrt are not consolidated into Ihese statements. 2 Funds The funds held constitute". . General Funds held for any purpose of the Circuit vthich are unreStred. . The Cifcytt Model Tnjsl Fund has wde purposes defined in Standing Ordets and is categorised as unrestricted. . Restricted funds which are held for a narrower puSe. 3 Accounting policies Basls These accounts have been prepared on the basis of historical c¢)st eXpt that investments are shlywn at their market value at the end of the year. The accruals basis has been used and the trustees present accounts that SW a true and fair view of the Circu$ financial F#)sition and athits. The accounts a expressed in £ Sterting. rountsS lo the nearesl POLind. Incomlng Resources Income is included in the Statement of Financial ACtsvI (SOFA) kn the Circuf( becomes entitled to tho resources, anil the Injstees are feasonably certain they will re the resources.. and the monetary value can b8 meaSud with sufficient reliability. In accordance with the Charities SORP IFRS 102}. the lime of volunteers is not recconised. If gcbjds are donated, a value will shown in the SOFA or Notes where the value is considw&l matetial. Resourcas Expended This is rec<yJnised when a Ikability is incurred, or a conslrucbve oblwJab"on arises. th* resutts in the payment being unavoidable. Liabilities are recognised as scon as an ouffisyw of ecorK)mic benefrt is consklered more likely than not under the legal or con$lructNe obligation commitknng the Circuit to pay out sourCeS.
St Austell Methodist Circuit Circuit No. 1141712 Notes to the accounts Icontinuedl Giants Grants made by the Cifcuit from its ¢)wn funds are recognis&l in full al the time of agreement to make a grant without performance condrtions or as and when the Circuit accepts that there is a le9 or operational obligation to make the payment. VAT Since the Cireuit is not VAT regtstered. input VAT i8 chargoJ with the expenses lo whth rt refers. Tangible fued assets for use by the Circuit Tangib fixed assets are caprtalised rf they can bg use(1 for MO than one year. and st at least £1,000. The freehokl property is shown in the accovnts al deern hLStorical cost represènting each propertls gr05s carying valug al 1 September 2015. No depreciation is provKled on the building because the InJ51ees consider the Current residual fair value of the manse buildings lon the assumptN)n that (( had reached the end of rts useful econom lrfe by the yearond) to be not ss than its current value. Any depreCIatn yUld not be mater. The propety has been reviewed for impairment. Melhodisl property improvements represent signrfunt improvements lo church prOpertS funded by, bLrt not yet vested lo, the Circuit as Managing Truslees. No depieckltn is provid1 on the improvements as the project is not complete al the year end. Depreciation is provid on fixtLEres, fittings and equipment at a rate of 25% on the rerjucing balance method, Calculat lo write off the cost over their expected econom lrfe. Investment Properties From lime to time the Circurt may be required to assume resp(sIbIlity for church premises foll¢)wng closure and cessation of worship. This results in the Circuit be¢ing Managing Twstees for the property. At that time the propety 1$ iecognised as an asset al rts anticipated net Sale pri as deteined by a professional valuation and after taking into consideration the levy to be charged by the Connexion. Any expendrbjre on such assets, rf held for reinvestment of the prc¢eeds, as the Iru5tees detem)ine, that is likely to enhance sale value is caprtalised al the time the expenditu is incurred. The onty property reamining for investment prupJ5es was sold in the year (see Note 11 and Note 121. Investments The Circuit'$ investments are in monetary assets classrfd as basic financial instruments under FRS 102. Investments are valued in the balance sheet at market value at the year end. which are provided by TMCP. Investrnent income is included in the accounts when receNable and any gains or tr)sses on revaluation at the year end are sh(ywn in Ihe SOFA. Al cash balances are shown in cash and short term deposrts. Debtors and Prepayments Debtors are stated at the amounts cJed to the Circuit or ppaId. They mainty indude prepaid stipend$. Financlal Instruments The Circuf( only has financial assets and fin8net81 liabilities of a kind that qualrty as basic financial instruments. Basic financkql instruments are inrtialty recognised at tranSaCtn value and Subsequent measured at their settlement value. Creditors Cred(tots are initralty reccgni$ed * Sett amwnt after any trade dise4)unts. Crediiors Ilde both sundry expenses and specrficalty the 1st quarter assessment 1ved in August for the fdlowing finala1 year. Pensions The c1urt operates a defined contn"bution scheme forthe tenefft of its wnployees. ContribLrtions are charged to the Statement of Financial ActiMbes in the period they a payable.
StAustell Methodist Circuit Circuit No. 1141712 4 Capltal receipts Total Total CMTF Restricted 2024125 2023r24 General Sale proceeds (Redundanl chapel) CPF Levy on property sales CPF Levy refund 125,596 126,2381 13,320 Total 112,678 5 Othèr ¢haritable Income Total Total CMTF Restricted 2024r25 2023r24 General Letting income Liiurgical fees Other income 50,220 783 13 50,220 783 1,819 49,920 1,280 2,151 1.806 Total 51,016 1.8C6 S2,822 53,351 6 Analysis of grant expenditure Total Total CMTF Restricted 2024r25 2023124 General L1 Methodist churehes Church Mission Soaety Donatn$ 19,908 1.950 6.810 1,325 1,325 Total 8.205 8,205 28.668 Grants were made to bxal mel$t churches to help furKI the cost of repairs. equipment and training. 7 Stlpend and Salary costs Staff costs paid during tho year were: 2024r25 2023r24 Gross wages, salaries and beneffts in kind Pension costs Other staff costs Total staff costs 43.877 1,816 38.571 1.813 45,693 40.474 Average number of employees In the year were: No employees receNed employee benefits of more than £60.LM)O. Stipends were paid lo 21202Y24.' 21 Presb5 and anounbj to: 85,445 83.261 Total stlpends and salarlos 131,138 123,735
St Austell Methodist Circuit Circuit No. 1141712 8 Payments to Trnstg9s No12024." None) payments were made lo tnlslees for additKJnal SereS prov#Jed to the Circui( {manse and propety steward, equipnent hir8, layhorker and consuhanl). Trustee expenses 2024r25 2023r24 Number of trustees Total amount £ 13,895 £ 13.352 Expense payments primarity relate lo reimbursement for IT1. subsistence. postage. stalionory and steward's expenses. The ministers (who are Iru$tees} are paid stipeThJs and travel expenses at rates agreed annualty by the Methodist Conference. Stipends were paid to ministers amounting lo £85.445 in the year12024.' £83,261 for minislersl. Travel costs paid lo the ministers amounted lo £7.63412024.' £9,201). These are also included in the amounts paid lo Trustees for expenses above. The Manses are provKled by the Circuit and the Circuit maintains the property. Wrth the exception of the kt manses, the Circuit is resF4)nsible for payment of eouncil tax, utili(ie$, water Charges and Insuran lincluded in Ncrte 101. Seven12024'. FNel Iruslees were pa remuneration or have receNed other beneffts fr¢)m an employment wth the charity. These payments have been made under authffj ofthe Charty Commission and can be summarised as follows.. 2024r25 Pension 2023r24 Amount Pension osls Am¢)U paid Trustee Reason for payment rs C Thomlon Mrs D Eade Mrs K Reynolds Mr$ J Petsing Mr5 L Mitch811 Mrs J Massiah Mrs C Field Mrs C Baines Laymrjrker Layworker Layworker Lay*KJrkgr Children's Layworker Childn.$ worker Layworker 1,092 16,185 971 27 $05 15,362 7.687 7.393 6.145 915 458 8.416 6,474 8.416 2.730 1.984 43.757 1.667 38.571 1.813 The members do not take part in any discuss the terms and conditions of their wnpl¢)yment. The members of the CLT, who consists of the ministers, the er$, Circuii administrator and the unpaid Circuil stewards are considered as Key Management PeTh)nnel. The remuneration paKI to thwn has been disdosed in Note 7 above.
St Austell Methodist Circuit Circuit No. 1141712 9 Fees for èxamlnatlon or audlt of the accounts 2024125 2023r24 lThJependent examinerfs or audrtorn. fees reporting on th8 accounts Other fees leg.. thce, accountancy servKes} paid lo the independent exami 1.010 3,550 3.770 10 Other outgoings Total Restricted 2024125 Total 2023f24 Genernl CMTF Travel expenses Manse insurance and utiliti'es Quinquennial inspections Resource Centre Professional lees Investment administration charye Youth club Other expenses 9.455 5.918 5,980 2,051 5.208 9.455 5,918 5.980 2.051 5.208 823 1.961 5.331 9,201 5,812 2,473 2,747 823 873 1,659 4,393 4,441 890 Total 33.053 823 2,851 36,727 31,826 11 Reclassification of funds Circuit propèrty is avayS carried in the General Fund but upon Sa the net prc¢eeds ate processed through the Circui( Model Trust Fund. This 18quire5 an adjustrnenl and any such sales during the year are reflected at the gross sale price Ile$$ selling wsls}. In the year ended 31st August 2024. the Trewscoe Chapel investsnent prwty was SOKI. This was the only investment propety remainirvJ.
StAustell Methodist Circuit Circuit No. 1141712 12 Tangible Fixed Assets Methodist Flxtures. Frn•hold Property fittings and Manses Improvements equlpment Total Cost or valuatlon Balance brought fomard at 1st September 2024 Additions Disposals Balance carried forwa at 31st August 2025 1.102.958 232,841 15.096 28.793 1.364.592 24.746 1.112.608 247.937 28,793 1,389.338 Accumulated dopr8ciation Balance brought forward at 1st Seplwnber 2024 Depwiation charge for year BanCe carried fofward al 31st August 2025 28,793 28,793 28,793 28,793 Net book value Brought forward at 31 sl August 2024 Carried forward al 31st August 2025 1,102.958 1.112,608 232.841 247.937 1.335,799 1.360.S46 The comparable ¢arrying amount of the freehokj manses on an histori¢al cosl basis woukl be £719.013 at the yearénd {2024. £709,363). 13 Investment assets The funds that support the Clrt Mc*Jel Trust Fund and the Manses Fund are hebj by TMCP in Trustees Interest Funds on whh interest is credf(ed lo the accounts e&h month. These are regarded as m&Jium and long tern investments. TMCP is the legal owner and CustoSi8n Trustee of all methOdt Modd Trusl propety. incIling Legacies, ErKlowmenls and Aceumulated Fund$. Trust propety is hekl for and on behaff of Ial Managing Trustees who are SponSIb for the day to day management of trust prOrtY. TMCP ensure that, though pr¢)VKling guidance and acting under their directton. the Managing Trustees Compty th charity law and Methodist and policy as detemiined by the Methodist Conference. Analysls of Investments 2024r25 2023r24 CFB Managed Mixed Fund * 31 August 2025 4,830 4.821 Trustees Interest Fund al 31 August 2025 226.364 248.476
StAustell Methodist Circuit Circuit No. 1141712 14 Financial instruments 2024r25 2023124 Carrying amount of financial assets InslnJmenl$ measured at fair value IhroLh3h the SOFA 231,194 253.297 Carrying amount of financial liabilities Measure at amortised cost 824 1,889 15 Debto 2024r25 2023r24 Other debtors Stipends Total 225 12,417 12,642 12.772 12,825 16 Credltors 2024r25 2023r24 Trade creditors Aceruals Other credrtors Defeed income Money du8 to Came Hill {CMn Total 825 4.830 283 29.727 9,985 45,650 1.889 4,560 43,201 9,985 59,635 Deferred income Balanc& at 1st Septembor 2024 Deferred in the year Released in the year Balance at 31st August 2025 43.201 29,727 43.201 29.727 Deferred income comprises of the 1st quarter ass8ssment received in August, whKh reLqtes to the year ended 31st Augusl 2026.
St Austell Methodist Circuit Circuit No. 1141712 18 Anatysis of rostrfcted funds at 31 August 2025 Restricted fund Opening Incoming Resources c11ng name balance resources 8xpgnded Transfers balance Purpose of the fund Youth Fund 1,139 1,139 Oevekwment and implementation of work with young peopk in the St Auslell Circuit. childn$Work Fund 1,518 2.356 12.851) 1.023 Devek)pmenl and implementation of worf( witti chiklren in the Sl Auslell Circuit. LP 3 1)evebpment and training of kxal prexhers and worship leaders in the St Austell Circu Easter Musical Account 4 ChJna1ns collected to pay forthe Easter musical and prcceeds donated to Chri$lian Aid. Totals 2,3 2,851 2,169 Comparative anatysis ol unrestsl¢ted fun¢ts at31 August 2024 Restrlcted fund Opening Incoming Resources Closing name balance resourcgs expended Trdnsfors lanc9 Purpose of the lund Youth Fund 1.139 1,139 D8vek)pmenl and impknientstion of work with young people in the Sl Austell Circuri. Childrens Wo Fund 770 3,337 12.589) 1.518 Devdopment and implementation of work with Childft in the St Auslell Circuit. LP 3 Development and training of local preachers and worship Wers in the Sl Au5tdl Circuit. Easter MusKal Account 4 DonatnS colleded to pay for the Easter musical and proceeds donated to Christsan Aid. Totals 1,916 3.337 2.5891
StAusteLi Methodist Circuit Circuit No. 1141712 17 Anatysls of unrestrict•d furmls at 31 August 2025 Unrestricted fund name Opening balance 110Mlng Resources Gains Closing resource5 expended Trnnsfers {lossesl balance Purpose of the fund General fund 1,102,781 261.C66 1251,466) 10.482 1.122.863 For use in the furtherance of the general obje¢tNes of the Circuit Cireuit Model Trust Fund 493,653 10.845 {7.380) {10,482) 486,645 As above Totals 1.596,434 271.911 258,846 1,609,508 Comparatlve analy5 of unrestrfctedfunds at31 August 2024 Unrestricted fund name Opening Incomlng Resourcgs Gains Closing balance resources expended Transfers (losses} balance Purpose of tho fund General fund 1,187,247 227,394 1236,8601 1120.5961 45.5 1.102,781 For use in the furtherance of the general oblolVeS of the Circuit Circurt Mc*lel Trust Fund 395.546 126.207 {23,446) (5.(KKII 493,653 As above Totals 1,582.793 3S3,601 260.3C6 125.596 45,942 1.596,434
StAustell Methodist Circuit Circuit No. 1141712 19 Capltal commltments and continggnt liabilities Al 31 August 2025 there were no capital commitments Orctingent liatiltties. 20 0ratIng lease commitments At 31 August 2025. the Circuit had outstanding cx)mmitments fOrfUlu minimum lease payments under non- ¢ancellable cperating leases amounting to £2. until June 2028 {2024.' £3,595). The totsl lease payTnents induded in the expenses Ere £95912024.. £959). 21 Voluntary contrlbutions The Circuit is hea reliant on volunteers who contribute their skills and kn.me in the furtherance of the work of the Circuit. The principal contributhJn is by serving on committees of the C1U(( that deal wth mission. manses, finance, grants and safeguarding. We are grateful to all of them for their help and commrtment. No attempt has been made by Ihts Circuit lo value the non-monetary contn'bubons to the Circuié in mcffietary lemis. 22 Related party transactions There were no related paty tranES in 2024r25 or in 2023r24.