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2022-08-31-accounts

Circuit Ministers and officers
Active Circuit Ministers Rev DP Reed Rev D Grice
Circuit Lay Workers Mrs SReed Miss A Altenberger
Other Workers Mrs AJones Mrs T Hosking
Circuit Stewards Mr R Richards Mr JTripconey
Other Workers Mrs KCarpenter Mrs J Shainberg
Mrs J Hearn Mrs V Williams
Mr I McNish Mr P Combellack (Treasurer)

Circuit Model
Notes tothe General Fund Trust Designated Funds Endbvfment Total
accounts (Unrestricted) (Unrestricted) (unrestricted) .'i Pa~rid 2021-22
E E a E
income v,
Donations
and legacies		 23,140 8,700 31,840
Income from monetary investments 730 3,172 340 4,242
Income from investment properties 1,800 1,800
Assessments
on Churches		 190,000 190,000
Capital Receipts (70,684) 186,238 115,554
Grants received 2,740 2,740
Other charitable
income		 47,085 5,029 52,114
Total income 194,811 1S9,410 13,729 340 398,290
Expenditure
Grants and donations 9 1,443 1,443
Salaries and associated costs 10 74,909 67,106 142,015
Property maintenance 11 (65,810) 95,141 6,554 $5p885
Connexional
assessment		 &model trust le 40,936 40,936
District Assessment
& Levy		 12 (56,652) 60,329 3,677
Capital Purchases 13 2,833 465,025 467,858
Office expenses 14 12,214 2,900 15,114
Other outgoings 15 (16,849) 39,326 338 22,815
Total charitable expenditure (6,976) 729,827 6,554 3$8 729,743
Gains/(losses)
on monetary		 investments (53) (1,285) (1,338)
Gains/(losses)
on property		 disposals/rev 16 857,281 857,281
Net income/(expenditure) 1,059,068 (540/70) 7,175 (1,283) 524,490
Transfers between
funds		 17 (72,239) (2,680) 74,919
Other gains/(losses)
Net movement
in funds		 986,829 (543,150) 82,094 (1,283) 524,490
Total funds brought forward 1,559,441 921,056 11,345 18,385 2,510,227
Total funds carried forward 2,546,270 $77,906 93,439 17,102 3,034,717

forming part of previous y ear's acco unts
Circuit Model
Notes tothe General Fund Trust Designated Funds Endowment Total
accounts (Unrestricted) (Unrestricted) (unrestricted) Fu'nds 2020-21
f E E ,f E
Income
Donations and legacies 27,346 27,346
Income from monetary investments 77 3,934 4,235
Income from investment properties 1,200 1,200
Assessments
on Churches		 156,891 156,891
Capital Receipts (802,020) 1,040,056 238,036
Grants received 9,755 9,755
Other charitable
income		 5,770 7,840 2213 16,118
Total Income (600,981) 1,051,830 zlzts S19 453,581
Expenditure
Grants and donations 9 4,579 4,579
Salaries and associated costs 10 115,357 45,869 161,226
Property maintenance 11 8,365 10,200 18,565
Connexional
assessment		 &model trust le 40,936 40,936
District Assessment
& Levy		 12 (176,838) 131,089 (45,749)
Capital Purchases 13
Office expenses 14 16,120 16,120
Other outgoings 15 13,556 8,177 4,202 —294 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 16 236,527 236,527
Net income/(expenditure) (386'529) 856,625 (1,989) 2,150 470,257
Transfers between funds 17 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

The Lizard and Mountu The Lizard and Mountu The Lizard and Mountu (gay Methodist Circuit
2.Donations
and legacies		 Unrestricted (grcuit Model
Trust Fund		 Designated
Funds
(unrestricted)		 Endowment 2022
Total		 2021
Total
E .f E f
Donations 23,140 8,700 27,346
Le acies
Total 23,140 8,700 27,346
3.Inoome from monetary investments Unrestricted
f		 Circuit Model
Trust Fund
f		 Designated
Funds
(unrestricted)		 Endowment
f'		 f 2022
Total		 2021
Total
f
Central Finance Board 730 730 77
TMCP 3,172 340 3,512 4,158
Total 730 3,172 340 4935
4.lacome (rom investment properties Unrestdcted Circuit Model
Trust Fund		 Designated
Funds
(unrestdcted)		 Endowment 2022
Total		 2021
Total
E f f
Lettings (Chy Bren Manse) 500 500
Lettings (Burhos) 1,300 1,300 1,200
Total 1,200
5.Assessments
on Churches		 Unrestricted
f		 C(rcuit Model
Trust Fund
f		 Designated
Funds
(unrestricted)
f		 Endowment 2022
Total		 2021
Tom(
f
Balwest Methodist Chapel 4,835 4,835 3,870
Bmaney Methodist
Chapel		 15,387 15,387 10,491
Central Methodist
Church		 52,104 52,104 41,557
Crowlas Methodist
Chapel		 7,088 7,088 6,218
Goldsithney
Methodist
Chapel		 9,339 9,339 8,382
Leedstown
Methodist Chapel		 10,820 10,820 8,184
Marazion
Methodist
Church		 18,035 18,035 12,967
Meneage Methodist
Chapel		 5,816
Mullion
Methodist Chapel		 15,489 15,489 13,320
Porthleven
Melhodisi
Church		 24,773 24,773 20,573
Ruan Minor Methodist
Church		 5,990 5,990 4,084
The Lizard Methodist Chapel 7,159 7,159 6,230
Trinity Methodist Chapel 8,988 8,988 7,267
United Methodist
Church St
Total		 Keveme 9,993
190~		 9,993
190,000		 7,932
156,891
6.Capital receipts Unrestricted Circuit Model
Trust Fund		 Designated
Funds
(unrestricted)		 Endowment 2022
Total		 2021
TOtal
f E f f f
Gross sale proceeds (Boslan Manse) 19,542
Gross sale proceeds (Kanneggy Chapel) 148,588
Gross sale proceeds (Carlaen Meadows) 69,956
Gross sale proceeds (Trewennack) 152,590 152,590
CPF levy returned
on previous		 sales (70,684) 70,684
CPF levy on property
sales		 37,036 (37,036)
Total (70,684) 186,238 115,554 238,086
The Lizard and Mounts Bay Methodist Bay Methodist Circuit
Circuit Model Designated
7.Grants received Unrestricted Trust Fund Funds
(unrestricted)		 Endowment 2022
Total		 2021
Total
E 6
Cornwall District 2,740 2,740 9,755
Total 2,740 2,740 9,755
During the year the Circuit received f2,740as atravel subsidy
Unrestricted Circuit Model Designated
Funds		 Endowment 2022 2021
8.Other Charitable income Trust Fund (unrestricted) Total Total
E f
Photocopying 1,465 1,465
Meneage Chapel funds 41,936 41,936
Other 3684 5,029 8,713 16118
Total 47.085 5,029 52,114 16,118
9.Grants and donations paid
Unrestricted		 Circuit Model
Trust Fund		 Designated
Funds
(unrestricted)		 Endowment 2022
Total		 2021
Total
E E E
Methodist charities 300
Methodist Church in Circuit
Non-Methodist
charities		 1,443 1,443 4,279
Total 1,443 4,579
10.Salaries and associated costs
Circuit Model DesIgnated Endowment
Funds 2022 2021
(unrestricted) Total Total
E E 6 E
Ministers' Stipends 54,573 54,573 79,631
Ministers' NIC 5,217 5,217 7,344
Ministers' Superannuation 13,894 13,894 20,598
Ministers' Travelling 9,554 9,554 7,741
Removal costs 2,643 2,643
Circuit Administrator Salary (1,057) 20,505 19,448 18,934
Employees NIC 3,778 3,778 1,635
CAP Worker Salary 9,707 9,707 8,320
CAP Travel 251 251 362
Youth Worker's Salary (7,158) 16,966 9,808 10,391
Children
&Families		 Worker Salary (475) 12,648 12,173 5,633
Apprenticeship
Levy		 35 608 643 637
Other Travel e.g. Visiting Ministers 326 326
74,909 67,106 142,015 161,226
The Uxard and Mounts gay M ethodist Orcult
15.Other outgoings Unrestricted Circuit Model
Trust Fund		 Designated
Funds
(unrestricted)		 Endowment 2022
Total		 2021
Total
6 6 E
Travel expenses etc, Iay Workers 1,321 3,511 4,832 1,596
SWYM workerfees/tuition fees/allowanm 1,712 1,712 1,767
CAP expenses (68) 5,158 5,090 3,241
Manse rates 3,245 3,245 6,209
Manse rates-backclaim (22,393) 22,393
Manse water rates 3,315 3,315 1,312
Manse water rates-backclaim (5,215) 5,215
Manse electffic 357 357
Manse electffc backclaim (426) 426
UMC St Keve
me costs		 3,154
Ordination
event
Independent
examiner		 fee 360 360 310
Youth Events
Circuit Holiday
Other 943 2,623 338 3,904 $,570
Total (16,849) 39,326 338 22,815 26,159
16.Gains/(losses) on property disposals/revaluations
Unrestricted Circuit Model
Trust Fund		 Designated
Funds		 Endowment 2022 2021
(unrestricted) Total Total
6 E
ssetr bran
hr into rh		 accaanu
gr valuation
Cary Methadist Chapel 200,000
Meneage Chapel Buildings 27S,000 275,000
Praa Sands Manse 467,$58 467,85$
Boslan Manse
Cary Methodist
Chapel		 50,000 50,000
pegibna
Prayer Chapel		 44$
Helston Manse 40,168 40,16$ 22,495
Mullion Manse 24,255 24,255 13,5$4
857,281 857,281 236,527
17.Transfers between funds Unrestdcted Circuit Model
Trust Fund		 Designated
Funds
(unrestricted)		 Endowment 2022
Tatal		 2021
Total
6 6 E
Investment
Income on		 TMCP funds 2,680 (2,680)
Monies expended by generoi/ands bai
proceedsinro
TMCP
Contractual
staff commitments		 (refer nate 27) (74,919) 74,919
(72,239) (2,680) 74,919
The Circuit now has 3menses, situated 3menses, situated 3menses, situated in Helston, Praa Sands and Mullion and are included Praa Sands and Mullion and are included Praa Sands and Mullion and are included in the in the
financial statements attheir insured value, except forthe Praa Sands manse which is included at it's
purchase cost (purchased in March 2022).The Trustees consider this tobe afair and reasonable basis for
value. Cury and Meneage chapels were valued
by Christophers		 Estate Agents, independent agents for sale
purposes, and the Trustees consider this carrying value to be fair.
Cost or valuation
Payments
on
account and
Fixtures, Rttlngs assets under
Residential Land Menses Other buildings and equipment constrllctlon Total
E E E E F. E
Balance brought forward 757,810 651,013 1,408,823
Additions 467,858 275,000 742,858
Revaluations
(+/-)		 64,423 50,000 114,423
Disposals (-)
Transfers "(+/-)
Balance carried forward 1,290,091 976,013 2,266,104
Accumulated
depreciation
vvgasjs SL SL SL
vv Rate Nil Nil
Balance brought forward
Depreciation
charge for year (-)
Revaluations
(+/-)
Disposals (-)
Transfers'
(a/-)
Balance carried forward
Net book value
Brought forward 757,810 651,013 1,408,823
Carried forward 1,290,091 976,013 2,266,104
An Hyreth-Helston Manse 512,663 512,663
90Laflouder
Fields-Mullion		 Manse 309,570 309,570
Cjy Bron-Praa Sands Manse 467,858 467,858
CuryChapel 250,000 250,000
Degibna Prayer Chapel 451,013 451,013
Meneage Chapel jk Sunday School 275,000 275,00D
1,290,091 976,013 2,266,104