2021-08-31-accounts

y Pp

Accruals AccountsCircuit

THE METHODIST CHURCH

TEMPLATE REPORT AND ACCOUNTS (ACCRUALS BASIS)

for the year ended 31 August 2021

The Lizard and Mounts Bay Methodist {Circuit

Registered Charity - Registration number

----- Start of picture text -----
Ministers eePR ett
anneRED GTO eect
re|
ene!|. hn
----- End of picture text -----

Page 1 of 17

The Lizard and Mounts Bay Methodist Circuit

Trustee’s Annual Report on Finance and Governance

Basis of preparation and legal framework

• The Charity’s annual report and accounts for the year ended 31 August 2021 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice (FRS102)

Fuli Name of Charity: The Lizard and Mounts Bay Methodist Circuit

Registration Charity Number: 1144190

Main communication address The Lizard and Mount's Bay Methodist Circuit office, Coinagehall Street, Helston, TR13 SEL

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

Circuit Ministers and officers

----- Start of picture text -----
Active Circuit Ministers Rev D P Reed
Rev D Grice
Rev P M Benney
Circuit Lay Workers Mr I McNish Miss A Altenberger
Other Workers Mrs A Jones Mrs T Hosking
Circuit Stewards MrR Richards, MrJ Tripconey
Mrs K Carpenter, MrsJ Shainberg
Mr P Combellack (Treasurer)
----- End of picture text -----

Independent examiner Pryor, Begent, Fry & Co 97 Meneage Street, Helston, Cornwall TR13 8RE Investment Bankers Central Finance Board of the Methodist Church Trustees for Methodist Church purposes

Page 2 of 17

The Lizard and Mounts Bay Methodist Circuit

Aims and organisation

Charity objective is to act as a Resource provider within the area around Helston and West Cornwall for the Methodist Church:

The purposes of the Methodist Church are and shail 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 university 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

Ihe governing QOCUITIENL for tne CIrCuiL Is tne Veed OF UNION {i452} du VieELNOGISt Cnurcn ACT (1976)

Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).

Day to day management of the circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting, the Circuit Finance and Property Committee and the Circuit Policy Cammittaos 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 Cornwall District and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit: Balwest, Breaney, Central (based at Helston), Crowlas, Goldsithney, Leedstown United, Marazion, Meneage {purpose fulfilled 31 August 2021), Mullion, Porthteven, Ruan Minor, St Keverne, The Lizard & Trinity (Porkellis). Additionally there is a Ciruit Prayer chapel based at Degibna and the Church building at Cury.

Any other specific organisations with specific linkage.

Page 3 of 17

The Lizard and Mounts Bay Methodist Circuit

Risk Management

The major risks have been identified and recorded by the Circuit Finance and Property Committee with professional advice taken as required.

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

Safeguarding

Every person has a value and dignity which comes directly from the creation of male andfemale 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, especiaily 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 Lizard and Mounts Bay Methodist Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.

The Lizard and Mounts Bay Methodist Circuit commits 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 should be sufficient to meet any unforeseen item of major expenditure on manses and / or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches.

Page 4 of 17

Name of Circuit

The Lizard and Mounts Bay Methodist Circuit

CircuitNo

12/14

3.1 Statement of Financial Activities (SOFA) for the year ended 31 August 2020 forming part of previous year's accounts

			CircuitModel
Notestothe		GeneralFund	Trust	Designated Funds	Endowment	Total	2019-
accounts		(Unrestricted)	(Unrestricted)	(unrestricted)	Funds		20
		£	£	£	£		£
Income
Donations and legacies	4	16,342	:	3,341	-		19,683
Incomefrom monetary investments	5	58	2,658	-	268		2,984
Income from investment properties	6	1,260	-	-	-		1,200
Assessments on Churches	7	196,632					196,632
Capital Receipts	8	29,439	94,158				123,597
Grants received	9	14,010	-	-			14,010
Other charitable income	10	1,633	-	11,808			13,441
Totalincome		259,314	96,816	15,149	268		371,547
Expenditure
Grantsanddonations	11	364	ba	662	-		1,026
Salariesand associated costs	12	113,499	37,275	-	-		150,774
Propertymaintenance	13	44,814	10,789	:	-		55,603
Connexionalassessment& modeltrust levy DistrictAssessment&Levy	14	40,936 39,492	37,844	-	-		40,936 77,336
Capital Purchases	15	145	451,331	-	-		451,476
Officeexpenses	16	14,538	=	+	-		14,538
Otheroutgoings	17	12,027	23,004	2153	1,218		37,402
Total charitableexpenditure		265,815	560,243	1,815	1,218		829,091
Gains/(losses) on monetaryinvestments			(13)		(155)		(168)
Gains/(losses) on property disposals/rev	18	927,839	=	z	=		927,839
Netincome/(expenditure)		921,338	(463,440)	13,334	(1,105)		470,127
Transfers between funds	19	89,894	(89,894)	=	z		m
Othergains/{losses}							=
Net movementinfunds		1,011,232	(553,334)	13,334	(1,105)		470,127
Totalfunds broughtforward		931,238	621,265		17,340	1,569,843
Totalfundscarriedforward		1,942,470	67,931	13,334	16,235	2,039,970

Page 5 of 17

Name of Circuit

The Lizard and Mounts Bay Methodist Circuit

Circuit No

12/14

3.2 Statement of Financial Activities (SOFA) for the year ended 31 August 2021

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Circuit|Mode!| |Notestothe|General|Fund|Trust|Designated|Funds|Endowment|Total|2020-| |accounts|(Unrestricted)|(Unrestricted)|(unrestricted)|Funds|21| |£|£|£|5|£| |Income| |Donations|and|legacies|a|27,346|.|-|=|27,346| |Income from|monetary|investments|5|We,|3,934|-|224|4,235| |Income from|investment|properties|6|1,200|-|-|-|1,200| |Assessments|on|Churches|7|156,891|156,891| |Capital|Receipts|8|(802,020)|1,040,056|238,036| |Grants|received|9|9,755|-|-|9,755| |Other charitable|income|10|5,770|7,840|2,213|295|16,118| |Total|income|(600,981)|1,051,830|2,213|519|453,581| |Expenditure| |Grants and|donations|11|4,579|-|-|-|4,579| |Salaries and|associated|costs|1:2,|115,357|45,869|-|-|161,226| |Property|maintenance|13|8,365|10,200|-|-|18,565| |Connexional|assessment &|model trust levy|40,936|40,936| |District Assessment &|Levy|14|(176,838)|131,089|-|=|(45,749)| |Capital|Purchases|15|-|=|-|-|-| |Office|expenses|16|16,120|-|-|-|16,120| |Other outgoings|17|13,556|8,177|4,202|224|26,159| |Total charitable expenditure|22,075|195,335|4,202|224|221,836| |Gains/{losses)|on|monetary|investments|130|1,855|1,985| |Gains/{losses) on|property|disposals/rev|18|236,527|=|=|~|236,527| |Net income/(expenditure)|(386,529)|856,625|(1,989)|2,150|470,257| |Transfers|between funds|19|3,500|(3,500)|-|-|-| |Other gains/(losses}|-| |Net movement|in funds|(383,029)|853,125|(1,989)|2,150|470,257| |Total funds|brought forward|1,942,470|67,931|13,334|16,235|2,039,970| |Total funds carried forward|1,559,441|921,056|11,345|18,385|2,510,227|

----- End of picture text -----

Page 6 of 17

The Lizard and Mounts Bay Methodist Circuit

Circuit No 12/14

3.3 Balance Sheet as at 31 August 2021

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |General Fund|||Circuit Model||Designated|Funds|Totals|2020/21|Totals 2019/20| |{Unrestricted}|Trusts|(Unrestricted)| |Notes to the|(Unrestricted)| |Accounts|‘3|£|£|£|£| |Fixed|Assets| |Circuit Manses &|Equipment|757,810|1,129,328| |651,013|651,013|655,499| |TOS|iii|—| |0 )|a|TT)| |Current Assets| |Debtors|eines]|—=«S3,462|17,826| |Investments|with TMCP||22|2|18,385|84,166| |Cash|at Bank and|in hand|||24|‘(925017|iss| |—CTotahcurrentassets|| |||=—S|104,259 ||158,639| |Current|liabilities|<i=|206,658]|o2a0se]|11,345]|1385]|__a,tsv.aaa|268,767| |Grants payable within 2018-19Total||ua.||||°°|-.| |Net|currentliabilities||ss |—|56,080)oso]Sst—“—;éY:~S~‘~C‘éS; 2| |current assets/liahilities| ||150,618]|923,056]|11,345]|1,101,404|||[255,143]||| |Total assets less current liabilities|11,345|18,385|2,510,227|_2,039,970| |Long term|liabilities| |{due|after more than|one|year)| |Grants|payable after 2018-19|EESi|———||°°|°»#&#§|-|| |Si| |if|ii|zz-| |[SCSCNetassens|| |«| —4ss0.aar]|97056]|ines]|anaes]|2510237|2,059,970| |Funds|of the|Circuit| |General|Fund|(Unrestricted)|1,559,441| |PenneCircuit Model Trust|Fund|vaetel(Unrestricted|a26|0214056|921,056| |Designated|Funds|(Unrestricted)| |RestrictedFunds|Total Unrestricted| Funds|||==||__mee2,023,735| |18,385|16,235)8)| |TotalFunds| [||1559401]|921,056]|11,345]|18,385] 2,510,227,|2,039,970| |Approved by|the board of|trustees on|Ayrhe. and signed on|its behalf by:|

----- End of picture text -----

P Combellack - Treasurer

Page 7 of 17

The Lizard and Mounts Bay

Methodist| Circuit

Notes to the Accounts

Basis of accounting

i Accounting standard

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2015) - (Charities SORP (FRS102)).

ii Public benefit entity The Lizard and Mounts Bay Methodist Circuit meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s) below. ili Basis These accounts have been prepared on the basis of historical cost except that investments and property are shown at their market value or insurance cover value at the end of the year. The accruals basis has been used and the trustees present accounts to show a true and fair view of the Circuit's financial position and activities. iv Content

The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £Sterling, rounded to the nearest pound.

v_ FRS102 SORP2015 [applies to 2016-17 onwards}

These accounts are compliant with FRS102 and with the FRS102 SORP 2015. The accounts have been prepared in accordance with applicable charity law in England this beiong the Charities Act 2011 and S| 2008/625 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulations specific to SORP 2015 in accordance with reg.9(4)(d) of Si 2008/629, the charity trustees have departed from the requirement of Reg.8(5) by following SORP (FRS102) instead of SORP 2005 to the extent necessary to give a true and fair view in the circumstances.

vi Going concern

Based on the monetary assets and human resources available at 31 August 2021, the trustees believe that the Circuit is a going concern.

vii Consolidation

The Circuit has denominational regulatory oversight in respect of the work of the Churches within the Circuit but has no legal or operational control of those Churches and their governing bodies except in extreme circumstances. For this reason, the financial statements of Churches within the Circuit are not consolidated into these financial statements.

viii Cashflow

The Circuit has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flow

ix Fund accounting

The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose . There are also the following Endowment funds as listed. Details of each material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash.

x Income Recognition

Income is brought into account when there is entitlement and the amount is reliably measurable once it is more likely than not that the economic benefit of the income will be forthcoming.

tn accordance with the Charities SORP (FRS102), the time of volunteers is not recognised. If goods are donated, a value will be shown in the SOFA or notes where the value is considered material.

xi Expenditure

This is recognised whena liability is incurred, or a constructive obligation arises, where the amount is reliably measurable and it is considered more likely than not that there will be an outflow of economic benefit.

xii Grants Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

xiii ~VAT Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.

Page 8 of 17

The Lizard and Mounts Bay Methodist) Circuit

Notes to the Accounts

Basis of accounting (contd)

xiv Tangible fixed assets

These are capitalised if they can be used for more than one year, and individually cost at least £1,000.

The freehold property which comprise the circuit manses, are shown in the accounts at their insurance values. This is considered a reasonable basis for valuation. No depreciation is provided on any buildings because the trustees consider the current residual fair value of the buildings {on the assumption that it had reached the end of its useful economic life by the year-end) to be not fess than its current value. Any depreciation would not be material. The properties have been reviewed for impairment.

Investment Properties

Investment proerties are as follows. Degibna Prayer Chapel & Cury Methodist Chapel. Degibna is shown at insurance value, Cury Methodist Chapel will be marketed for sale in the future and has been included at an indicative market value from a local independent estate agents, Christophers. These are considered reasonable bases for valuation. The properties have been reviewed for impairment.

Investments

investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Debtors and Prepayments

Debtors relate to the Autumn assessment, which is invoiced for payment at the end of August, September stipends paid in advance and council tax prepaid.

Creditors

Creditors relate mostly to trade creditors and assessments raised in advance. However there is an amount of £5,250 relating to a stipend overpayment refund that was received twice.

Pensions

The Circuit operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the Statement of Financial Activities in the period they are payable.

Page 9 of 17

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||The|Lizard and Mounts Bay Methodist|Circuit| |2|Circuit Model|Designated Funds|2021|2020| |4. Donations and legacies|ah|Trust Fund|(unrestricted)|Sameer|Total|Total| |£|£|£|£|£|£| |Donations|27,346|-|27,346|19,683| |Legacies|-|-| |Total|27,346|=|:|:|27,346|19,683| |5|Circuit Model|Designated Funds|2021|2020| |5. Income from monetary investments|Usmesricaed|Trust Fund|(unrestricted)|Encknement|Total|Total| |£|£|£|£|€|£| |Central|Finance|Board|77|77|58| |TMCP|3,934|224|4,158|2,926| |Total|77|3,934|-|224|4,235|2,984| |Circuit Model|Designated Funds|2021|2020| |6. Income from investment properties|Unnesieted|Trust Fund|(unrestricted)|Encowment|Total|Total| |£|£|£|£|£|£| |Lettings|(Townshend|Cemetery)|-|-| |Lettings|(Burhos}|1,200|1,200|1,200| |Total|1,200|z|mi:|7|1,200|1,200| |.|Circuit Model|Designated Funds|2021|2020| |7|Assessments on Churches|Unies|ctee|Trust Fund|(unrestricted)|Envemnient|Total|Total| |£|£|£|£|£|£| |Balwest|Methodist Chapel|3,870|3,870|4,409| |Breaney Methodist Chapel|10,491|10,491|11,953| |Central|Methodist Church|41,557|41,557|52,084| |Crowlas|Methodist Chapel|6,218|6,218|8,271| |Goldsithney|Methodist Chapel|8,382|8,382|11,275| |Leedstown|Methodist|Chapel|8,184|8,184|10,500| |Marazion Methodist|Church|12,967|12,967|14,774| |Meneage|Methodist|Chapel|5,816|5,816|7,477| |Mullion|Methedist Chapel|13,320|13,320|18,210| |Porthleven|Methodist Church|20,573|20,573|26,281| |Ruan|Minor Methodist Church|4,084|4,084|4,653| |The|Lizard|Methodist Chapel|6,230|6,230|7,395| |Trinity|Methodist Chapel|7,267|7,267|9,409| |United|Methodist Church|St|Keverne|7,932|7,932|9,941| |Total|156,891|:|:|z|156,891|196,632| |Circuit Model|Designated|Funds|2021|2020| |8|Capital receipts|piilhe|e731|Trust Fund|(unrestricted)|ences|Total|Total| |£|£|£|£|£|£| |Gross|sale|proceeds|(Boslan|Manse)|(407,597)|427,139|19,542|123,597| |Gross|sale|proceeds|(Kenneggy|Chapel)|(50,000)|198,588|148,588| |Gross|sale|proceeds|(Carleen|Meadows)|(224,940)|224,890|(50)| |CPF levy returned|on previous|sales|(189,439)|189,439|-| |CPF|levy on|property sales|=|-|(29,439)| |Total|(871,976)|1,040,056|>|-|168,080|94,158| |Note|-|gross proceeds|are|paid|into the TMCP|account.|The|brought forward|asset values|are|removed|from the general| |unrestricted fund|column|to|ensure|the|accounts|balance|

----- End of picture text -----

Page 10 of 17

||||||TheLizardand MountsBayMethodist|TheLizardand MountsBayMethodist|TheLizardand MountsBayMethodist|TheLizardand MountsBayMethodist|TheLizardand MountsBayMethodist|||Circuit| |---|---|---|---|---|---|---|---|---|---|---|---| |9.Grants received||Unrestricted||ee
eernee|||Designated
Funds
(unrestricted)|Endowment||2021
Total|2020
Total| ||||£||£||£|£||£|£| |Cornwall District|||9,755|||||||9,755|14,010| |Total|||9,755|||=||=||9,755|14,010| |Duringthe yearthe Circuit received£5,000towards|||layworkers|costs, £3,135asa|||travel subsidyand£1,620as||partofit's||| |COVID funding provision|||||||||||| |10.OtherCharitableIncome|Income|Unrestricted
£||es
meae
£|||Designated
Funds
(unrestricted)
£|Endowment
£||2021
Total
£|2020
Total
£| |Photocopying|||=|||||||-|683| |Youth Events|||-|||||||-|290| |Other
Total|||5,770
5,770|||7,840
7,840|2,213
2,213||295
295|16,118
16,118|12,468
13,441| |11. Grantsanddonationspaid||Unrestricted||be
cer
piceeae|||Designated
Funds
(unrestricted)|Endowment||2021
Total|2020
Total| ||||£|£|||£|£||£|£| |Methodist charities|||300|||||||300|-| |Methodist Church in Circuit||||||||||-|-| |Non-Methodistcharities
Total|||4,279
4,579|||-||-
-|-|4,279
4,579|1,026
1,026| |2.
Salari
n*
i
S
12.
Sal ries a d associated costs||nh||arcane
TrustFund|||-
Desinated
unds|oe aed||2021|2020| ||||||||(unrestricted)|||Total|Total| ||||£|£|||£|£||£|£| |Ministers’ Stipends|||79,631|||||||79,631|77,536| |Ministers’ NIC
Ministers' Superannuation|||7,344
20,598|||||||7,344
20,598|7,106
20,055| |Ministers’ Travelling|||7,741|||||||7,741|8,355| |Removal costs||||||-||||-|3,570| |Clerical SupportWorkerSalary||||18,934||||||18,934|18,720| |Employees NIC||||||1,635||||1,635|1,384| |CAPWorkerSalary||||||8,320||||8,320|8,320| |CAPTravel||||||362||||362|379| |MissionWorker's Salary||||10,391||||||10,391|| |Children &FamiliesWorkerSalary||||||5,633||||5,633|| |SWYM WorkerExpenses||||||-||||-|1,483| |SWYMWorkersTravel!||||||-||||-|3,419| |Apprenticeship Levy|||43|||594||||637|447| |OtherTravel e.g. Visiting Ministers||||||;||||:|| ||||115,357|45,869|||-||:|161,226|150,774|

Page 11 of 17

	Unrestricted	leroO	leroO	Designated Funds		Endowment		2021	2020
13Property maintenance				(unrestricted)				Total	Total
	£	£		£		£		£	£
	387							387	558
	794 402 410							794 402 410	1,125 384 408
	232							232	(104)
	60							60	1,736
	2,537							2,537	1,351
	600							600
								é	2
	1,373							1,373	1,381
ChynhaleChapelcosts KenneggyChapelCosts	(2) 480 - -		1,406 7,465 1,329					1,405 7,945 1,329 .	2,555 37,515 8,234 103
	1,091 8,365		10,200		-		-	1,091 18,565	357 55,603
14 DistrictAssessment&Levy	g Seam	CircuitModel TrustFund		Designated Funds (unrestricted)		creer		2021 Total	2020 Total
	£	£		£		£		£	£
	12,600		1,698					12,600 1,698	10,053 37,844
	(189,438)	129,391						(60,047)	29,439
	(176,838)	131,089			-		-	(45,749)	77,336

During the year the Circuit received a refund of CPF levies deducted on previous property sales as follows: Pendrea Manse (£98,352), Manse at Parc Ledden, Helston (£61,648) & Boslan Manse, Porthleven (£29,438). These levies could be reclaimed as part of the financing of the new Manse at Helston during the previous year (An Hyreth)

15CapitalPurchases	lis Lt	lis Lt	CircuitModel TrustFund		Designated Funds (unrestricted)		Endgwrnent		2021 2020 Total Total
	£ £ £ £ £ £
a		-		E		-		:	- 450,000 - 1476 : 451,476
16 Officeexpenses	* sl		Circuit Mode! TrustFund		Designated Funds (unrestricted)		eeoer		2021 2020 Total Total
	€	1,200 716	oi		£		£		£ £ 1,200 1,200 716 198
		1,589							1,589 268
		210							210 443
		4,538							4,538 3,803
		799 :							799 690 ‘ 162
		534							534 551
		1,010							1,010 1,094
		616							616 596
		1,226							1,226 1,632
		480 3,202							480 480 3,202 3,414
		:							7
		16,120		-		:		-	16,120 14,538

Page 12 of 17

|||||TheLizard|TheLizard|TheLizard|andMounts BayMethodist|andMounts BayMethodist||Circuit| |---|---|---|---|---|---|---|---|---|---| |17.Otheroutgoings|Unrestricted|:
ohat||||Designated
Funds
(unrestricted)|Endowment|2021
Total|2020
Total| ||£||£|||£|£|£|£| |Travel expenses etc, LayWorkers|203||||1,393|||1,596|1,834| |SWYM workerfees/tuitionfees/allowance|1,767|||||||1,767|18,032| |CAPexpenses|67||||3,174|||3,241|3,620| |Manse rates|6,209|||||||6,209|5,610| |Mansewaterrates|1,312|||||||1,312|851| |UMC St Kevernecosts|||||3,154|||3,154|| |Ordination event|-|||||||-|-| |Independentexaminerfee|310|||||||310|266| |Youth Events|-|||||||-|1,497| |Circuit Holiday|:|||||||-|-| |Other|3,688||||456|4,202|224|8,570|5,698| |Total|13,556||||8,177|4,202|224|26,159|37,402| |18. Gains/{losses) on property disposals/revaluations|||||||||| ||Unrestricted|‘
ifey||||Designated
Funds
(unrestricted)|Endowment|2021
Total|2020
Total| ||£||£|||£|£|£|£| |Assets brought into theaccounts|||||||||| |at netsaleproceeds or insurance value|||||||||| |Degibna PrayerChapel||||||||-|450,565| |Carleen Meadows (sold post y/e)||||||||-|154,934| |Cury Methodist Chapel
Propertypurchases|200,000|||||||200,000
-|-| |Helston Manse||||||||-|451,476| |Property revaluations||||||||-|-| |BoslanManse
Degibna PrayerChapel|448|||||||-
448|13,404| |Helston Manse
Mullion Manse
KenneggyChapel (reduction invalue)|22,495
13,584|||||||22,495
13,584
-|(1,476)
8,936
(150,000)| ||236,527||||-|-|-|236,527|927,839| |19. Transfersbetween funds|Unrestricted|i
eeHates||||Designated
Funds
(unrestricted)|Endowment|2021
Total|2020
Total| ||£|i||||£|£|£|£| |InvestmentIncomeonTMCPfunds|3,800||||(3,800)|||-|-| |Monies expendedbygeneralfunds but||||||||-|-| |proceeds intoTMCP||||||||=|g| |Lowertown
Other|(300)
4||||300
:|||-
=|=
a| ||3,500|||(3,500)||-|=|-|-|

Page 13 of 17

20 Circuit Manses and equipment & investment properties

The Circuit now has 3 manses, situated in Helston, Porthleven and Mullion and are included in the financial statements at their insured value, except for the Helston manse which is included at it's purchase cost (purchased in December 2019). The Trustees consider this to be a fair and reasonable basis for value. Kenneggy chapel, was valued by Lodge and Thomas, independent qualified surveyors for sale

Cost or valuation
	Paymentson
	Residential assets including
	Land OtherLand Other buildings
	£ £ £ £ £ £ £
[Balancebroughtforward
Accumulated depreciation	i
	i A
	a (a (A
Balancebroughtforward
Net bookvalue
Broughtforward=
AnHyreth-HelstonManse 90LaflouderFields-Mullion Cury Chapel DegibnaPrayerChapel	a ee
	Po 757810] 652,023)908,823

Page 14 of 17

	21Debtorsandprepayments		Unrestricted	Unrestricted	Unrestricted	CircuitModel TrustFund	DesignatedFunds iunrestitced)	DesignatedFunds iunrestitced)	Endowment	2021 Total		2020 Total
			£			£	£		£	£		£
	Debtors
					44,393					44,393		:
——— Prepayments a						6,097 2,972 53,462	-		-	-	- - 6,097 2,972 53,462		5962 8,917 3,847 17,826
ksInvestments withTMCP				4 preset		teal	CircuitModel Tr s Fund	DesignatedFunds (unres ricted)		Endowment	2021 Total		2020 Tota!
			£			£	£		£	£		£
	TMCP - Circuit Model Trust Fund
	CFBManaged Mixed Fund					840				840		710
	Trustees Interest Fund					920,216				920,216		67,221
	TMCP - Endowment(James Day)									-
	Trustees Interest Fund								295	295
	TMCP - Endowment (EM Friggins)										:	$
	CFB Managed Mixed Fund								12,383	12,383		10,462
	Trustees Interest Fund								2,300	2,300		2,300
	CFBMngd Fixed Interest Fund				-				3,407	3,407		3,473
	Trust Income Balance								=			- bs
					-	921,056		-	18,385	939,441		84,166
	23 CentralFinanceBoardBeposits		F iisacre			Circuit Model TrustFund	Designated Funds (unrestricted)		etl	2021 Tota!		2020 Total
			£			£	£		£	£		z
	Central Finance Board (Circuit)				58,212				-	58,212		8,136
	Central Finance Board (Cury)				2,070				.	2,070		-
					60,282	-		-	-	60,282		8,136
		24CashatBankandinhand			Peer	x	ree	CircuitModel Tr s Fund	DesignatedFunds eee		ee	2021 Total
			£			£	£		£	£		£
	LAMB Circuit - Lloyds Current Account				91,710				-	91,710		145,305
	LAMB Circuit - HSBC Current Account									-		-
	LAMBCircuit - HSBCSavingsAccount									4		:
	CrellyCemetery BankAccount							3,389		3,389		3,820
	Cury Chapel BankAccount				1,204					1,204
	Degibna PrayerChapel BankAccount							7,956		7,956		9,514
					92,914	-		11,345	-	104,259		158,639
			. Uocestictes:			CircuitModel TrustFund	Designated eit	Funds	pent	2021 Total		2020 Total
			£			£	£		£	£		£
	Creditors and accruals				-				-	:		-
	Trade creditors				2,630					2,630		3,174
	Church assessments raised in advance				47,500
	Accruals				5,610					5,610		10,450
	Amounts payable tothird parties				300			-		300		-
					56,040	-		-	-	8,540		13,624

Page 15 of 17

The Lizard and Mounts Bay

Methodist| Circuit

1. Detailed analysis of individual fund movements

----- Start of picture text -----
Unrestricted Funds
nestrctedFundName
| Opening | income | Expenditure | Transfers [Closing Balance Purpose ofthe fund
(364,454) 22,075) 1,559,441 For use in the furtherance of the general objectivesiia
Circuit Model Trust Fund 67,931| 1,051,960 195,335] (3,500) «$21,056+= As above - but see below
: These are funds held by internal organisations, namely Degibna
Total 2,023,735] 689,719 221,613 83=—Y8 2,491,84
----- End of picture text -----

General Fund

The purpose of the fund is for use at the discretion of the trustees in the furtherance of the general objectives of the Circuit and which have not been designated for other purposes. Approximately 92% of this fund is held as land and property.

Circuit Model Trust Fund

The purpose of this fund is for use at the discretion of the trustees in the furtherance of the general objectives of the Circuit. Its main source of income is the sale of property in the Circuit. These funds do not serve specific purposes but are not restricted by any document or deed to that purpose alone.

Although this is technically an unrestricted Fund under the control of the Circuit meeting, there are certain restrictions upon it’s use and formal application to the Trustees for Methodist Purposes is required to withdraw funds held.

Designated Fund

These are funds held by internal organisations. At the balance sheet date funds held were as

Crelly Cemetery 3,389 Degibna Prayer Chapel 7,956 11,345

----- Start of picture text -----
Endowment Name How the capital is invested The current value of the capital | Annual What the income was used for
income
Mrs EM Friggens bequest Endowment via TMCP Board Sree es Payable to Crowlas Methodist Church
James Day Bequest Endowment via TMCP Board fF85] ppaayable to Circuit funds (previously Cury)
Totals 18,385 | 59
----- End of picture text -----

Page 16 of 17

The Lizard and Mounts Bay| Circuit

27 Capital Commitments and Contingent Liabilities

At the 31st August 2021 there were no capital commitments.

No Contingent liabilities were identified at 31st August 2021.

28, Voluntary contributions

The Circuit is heavily reliant on volunteers who contribute their skills and time in the furtherance of the work of the Circuit. The principal contribution is by serving on committees of the Circuit that deal with mission, manses, finance, grants and safeguarding. We are grateful to all of them for their help and commitment. No attempt has been made by this Circuit to value the non-nmonetary contributions to the Circuit in monetary terms.

Page 17 of 17

The Lizard and Mounts Bay Methodist Circuit CircuitNo 00/1214

DECLARATIONS AND SCRUTINY

----- Start of picture text -----
| confirm that these accrual based accounts for the year ended 31 August 2021 have been prepared
from the records of the Circuit and that they include alt funds under the control of the Circuit Meeting.
Signature of Treasurer p ) im Lott p Date Cp 3 1
Name of Treasurer Mr P Combellack
Address , /
Trevarian, Torleven Road, Porthleven, Comwall. TR13 9AJ
Presentation to the Circuit meeting
| confirm that the annual report and accounts for the year ended 31 Aug 2021 were
presented to the Circuit Meeting held on 09 March 2022
and were approved.
theSignature meetingof the Chair of Bo Houcel P Lizol —
Name of the Chair of the Rev DP Reed
meeting
Independent Examiner’s Report to the Trustees of the
The Lizard & Mounts Bay Methodist Circuit
Registered Charity - Registration number 1144190
----- End of picture text -----

----- Start of picture text -----
This Report is on the Circuit Accounts for the year ended 31% August
----- End of picture text -----

----- Start of picture text -----
Responsibilities and basis of report
| report to the trustees on my examination of the accounts of the Lizard and Mount's Bay Methodist
Circuit for the year ended 31 August 2021 set out on pages i. tol7 As the Circuit's trustees, you are
responsible for the preparation of the accounts in accordance with the requirements of the Charities Act
2011 (‘the Act’).
----- End of picture text -----

| report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

THE LIZARD AND MOUNTS BAY METHODIST CIRCUIT CIRCUIT NO 00/1214

Independent Examiner’s Statement

The Circuit’s gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales.

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in any material respect:

• @ The accounting records were not kept in accordance with Section 130 of the Act; or ¢ The accounts do not accord with the accounting records; or and comply with the accounting requirements of The Charities Act

• e The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in The Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair” view, which is not a matter considered as part of an independent examination

• e The Trustees’ annual report is not consistent with the accounts, have not been met, or

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a property understanding of the accounts to be reached.

i have not obtained independent verification of all investments with the Trustees for Methodist Church purposes or held in other Trusts, bank balances and funds at the Centra! Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.

----- Start of picture text -----
Name of Independent Examiner ma
Signature of Independent Examiner a
RelevantIndependentProfessional Examinerqualification of thaglaed Cccourtat- FOR.
Name of firm (where applicable) -PRvoe, Regan, FRY. 6G conn
sont DD MMCRGE. FC, HELTON
Date ni °°) >
----- End of picture text -----