OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Lizard And Mounts Bay Methodist Circuit

2023-08-31-accounts

==> picture [393 x 358] intentionally omitted <==

Active Circuit Ministers Rev DP Reed Rev D Grice
Rev R Fugill
Circuit Lay Workers Mrs SReed Miss A Altenberger
Other Workers Mrs D Borrett Mrs T Hosking
Circuit Stewards Mrs S Lyne Mr JTripconey
Mrs KCarpenter Mrs J Shainberg
Mrs J Hearn Mrs V Williams
Mr P Combellack (Treasurer)

r
Notes to the Generalrund Circuit Model Trust Designated Funds Endowment Total
accounts (Unrestricted) (Unrestricted) (unrestdcted) estd u s Funds 2022-23
E E E E
Income
Donations and legacies 80 .13,691 13,771
Income from monetary Investments 4,989 10,224 482 15,695
Income from investment properties 10,091 10,091
Assessments
on Churches		 142,500 142,500
Capital Receipts
Grants received 4,600 4,600
Other charitable
income		 9419 8 727 18146
Total income 171,679 10,224 8,727 1$,691 482 204,803
Expenditure
Grants and donations 9 37,490 62,156 6, 106,281
Salaries and associated costs 10 119,320 61.355 10, 56 191,231
Property maintenance 11 (17,725) 61,446 2,990 46,711
Connexional
assessment		 8model trust levy 40,936 40,936
District Assessment 8Levy 12 14,032 19,593 33,625
Capital Purchases 13
Ofgce expenses 14 16,432 2,300 18,732
Other outgoings 15 7,799 46675 871 476 55821
Total charitable
expenditure		 218,284 253,525 17,191 476 493337
Gains/(losses)
on monetary		 investments (34) (703) 037)
Gains/(losses)
on property		 dtsposals/rev 16 134756 134,756
Net Income/(expenditure) 88,151 (243,335) 4,866 ($,500) (697) (154,515)
Transfers between
funds		 17 (61,405) (9,783) 62,497 (9)
Other gains/(losses)
Net movement
in funds		 26,746 253,118 67,36$ 5,200 P06) (154,515
Total funds brought
forward		 2,546,270 377,906 93,439 17,102 3,034,717
Total funds carried forward 2,573,016 124,7SS 160,802 5,200 16,396 2,880,202

Orcuit Model
Notes tothe
accounts		 General Fund
(Unrestricted)		 Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 s
F		 c~td
d~		 Endowment
Funds		 Total
2021-22
E E E E E
income
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 194,811 189,410 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 35,$$5
Connexional
assessment		 &model trust levy 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 (16849 39326 338 22815
Total charitable
expenditure		 (6,976) 729,827 6,554 338 729,743
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 (540,470) 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 1,2$3 524,490
Total funds brought forward 1,559,441 921,056 11,345 18,385 2,510,227
Total funds carried forward 2,546,270 377,906 93,439 17,102 3,034,717

General Fund General Fund Circuit Model Deslghated Fuhds Fuhds Endowment Teleia 2022/23 Totals 102V22
nates tv tire (Unrest rkted
)		 Thrsts
(Un eslrktedi		 (Unmnrkud( Funds r Funds
Accorrhts E E
FIaml Amels
Circuit Menses
Ik Equipment		 18 1,315,169 1,315,169
Investment
properties		 18 1,085,691 1,085,691
Investments
Totalfkcd essek 2,400,$60 2,400,$60
Crtrraht Assets
Debtors 19 46 384 46,384 59,559
loans
the		 Circuit 20 4 773 Doe m 4773 37,518
Investments
with TMCF
central nnance Board Deposits		 21
22		 76,930 124,788 146,116 12 I 5',206 16,396 141,184
228,246		 395,008
9$,248
Cash at Bank and In hand 23 109,518 14,686 124,204 247,322
total current emek 237,605 124,788 M0,802 5,100 544,791 607,655
Current Babsltles
Credhors (due In under I year) 24 65,449 65,449 69,042
Grants payable
wrthin 2018-19
Total orrren tSobgities 65,449 69,042
Nm cuhentnss lobgldes 172,156 160 $02 S EOO 479342
h
Totol ossek Iau current Ilebfssm
Sts Ota 1247$$ 1 2 200 2$80202 3,034,717
long term nabigtles
(due after more than one year)
Grants
able after		 2018.19
Loans tothe Crrcurl
Nel ossets 2,573,016 124,7N 160,002 5,200 16,306 2,N0,202 3,034,717
Funds ofthe Circuit
eneral Fund Unrestrkted 25 2.573.016 2 573AI16 2,546,270
Circuit Model Trust Fund (Unrestricted) 25 124,788 124788 377,906
Des
ated Funds (Unrestricted)		 25 160,802 160,802 93,439
rotor Unresnfcted Funds 3,017,615
Restricted
Funds		 25 ,TOO 5,200
Endowment Funds 25 16396 16396 17,uu
Total Furlds 2,573,016 124,788 160,802 5,200 16,396 2,880,202 3,034,717

2.Donations
and legacies		 Unrestricted
f		 Unrestricted
f		 Circuit Model
Trust Fund
E		 Designated
Funds
(unrestricted)
E		 Designated
Funds
(unrestricted)
E		 )Rest cted Funds
~ ffdP		 )Rest cted Funds
~ ffdP		 )Rest cted Funds
~ ffdP		 )Rest cted Funds
~ ffdP		 Endowment 202
Total
6		 202
Total
f
Donations 1369 13,771 31,840
Legacies
Total 28,692 13,771 31,840
5.Income from monetary Investments Unrestricted
E		 Circuit Model
Trust Fund
E		 Designated
Funds
(unrestrined)
E		 QRestrlctedFunds
~
E		 Endowment 202
Total
E		 202
Total
f
Central Finance Board 4.989 r 4,98 730
TMCP 10224 10,70 3,512
Total 4,989 10,224 15,695 4,242
4.Income from Investment properties Unrestricted Circuit Model
Trust Fund
E		 Designated
Funds
(unrestricted)		 Restricted
~'		 Fu
s
v&		 Endowment 20
Tote
f		 20
Total
E
Lettlngs
(Chy Bron Manse)		 6,000 6,
Cury Income 406
Lettings (Meneage) 2,215 2,215
Lettlngs(Burhos) 1,470 1,47 1,300
Total 10,091 10,091 1,800
5.Assessments
on Churches		 Unrestricted
f		 Lsrcult Model
Trust Fund
E		 Designated
Funds
(unrestricted)
f		 est
7		 d Funds
f%~		 Endowment 202
Total
E		 202
Total
Baiwest Melhodrst
Chapel		 3,989 3,989 4,835
Breansy Methodist Chapd 11,197 11,197 15.387
Cental Melhodist
Church		 37,686 37,686 52,104
Crowlas Methodlsl
Chapel		 5,159 5,159 7,088
Goldsithney
Methodist Chapel		 6.689 6,689 9,339
Leedstcwn
Methodist
Chapel		 8,021 8,021 10,820
Marazion
Melhodisl
Church		 13,190 13,190 18,035
Mullion
Methodist Chapel		 11,318 11,318 15,489
Porlhleven
Methodist
Church		 20,438 20.438 24,773
Ruan Minor Methodist
Church		 4,942 4,942 5,990
Ths Lizard Methodist
Chapel		 5.162 5,162 7,159
Trinity Methodist
Chapel		 6,465 6,465 8.988
United Methodist Church StKeveme 8,244 8244 9993
Total 142,580 142,500 190,000
6.Capital receipts Unrestricted Circuit Model
Trust Fund		 Designated
Funds
(unrestricted)		 estrlcteiLFun Endowment 20
Tote		 202
Total
E f E 5
Gross sale proceeds (Trewennack) 152,590
CPF levy returned
on previous sales
CPF levy on property
sales		 (37,036)
Total 115,554
7.Grants received
Cornwag
District		 Unrestricted Greeit Model
Trust Fund
E		 Greeit Model
Trust Fund
E		 Designated
Funds
tr
(unrestricted)
E,		 Designated
Funds
tr
(unrestricted)
E,		 Designated
Funds
tr
(unrestricted)
E,		 E Fu Endowment 2023
Total
E		 2022
Total
E
2,740
Total 2,740
During the year the Circuit received E4,600as a travel subsidy
8.Other Charitable Income Unrestricted Greeit Model
Trust Fund
6		 Designated
Funds
(unrestricted)
E		 Res/I
'.		 E Fund Endowment
E		 2023
Total
E		 2022
Total
E
Photocopying 1,501 9 1,501 1,465
Meneage Chapel funds introduced 41,936
Other 7,918 8,727 4 16,645 8,713
Total 9+29 8727 18,146 52,114
9.Grants and donations paid Unrestricted Greeit Model
Trust Fund		 Designated Funds,
(unrestricted)		 Restricted
r'ltd		 Fu ds Endowment 2023
Total
E		 2022
Total
E
Methodist
charities		 19,406 20,034
Trewennack
including		 backclaim 50,000 50,000
previous years reallocation ofabove 17,884 12,156 30,040
Non-Methodist
charities		 200 6,207 1,443
Total 37490 62 156 106281 SW3
10.Salaries and associated costs
Unrestricted Grcult Model Endowment
Trust Fund Designated Funds 1 2023 2022
(unrestricted) strict Total Total
E E 6 E
Ministers'
Stipends		 84,005 84,005 54,573
Ministers'
NIC		 8,009 8,009 5,217
Ministers'
Superannuation		 21,731 21,731 13,894
Ministers'
Travelling		 11,443 11,443 9,554
Removal costs 2,643
Circuit Administrator Salary 22,984 22,984 19,448
backclaim
re above		 (670) 670
Employers
NIC		 5,213 5,213 3,778
CAP Worker Salary (4,013) 13,333 13,333 9,707
CAP Travel 251
Youth Worker's Salary (820) 5,588 11,311 9,808
Children
&Families		 Worker Salary 12,408 12,408 12,173
backclaim re above (392) 392
Apprenticeship
Levy		 27 767 794 643
Other Travel e.g.Visiting Ministers 326
119,320 61,355 191,231 142,015

==> picture [537 x 648] intentionally omitted <==

==> picture [73 x 185] intentionally omitted <==

Unrestricted Greeit Model Greeit Model Designated
Funds		 Designated
Funds		 I Fund Endowment 2023 2023 2022
15.Other outgoings Trust Fund (unrestricted) Total Total
E E E E
Travel expenses etc, tay Workers 1,590 4,072 5,66 4,832
SWYM worker fees/ tuition fees/allowanc 592 4,507 5,09 1,712
CAP expenses 4,426 4,42 5,090
Manse rates (2,673) 6,237 3, 3,245
Manse rates.backclaim (5,798) 5,798
Manse water rates 2,982 839 3,82 3,315
Manse water rates-backclaim (762) 762
Manse electric (357) 357 357
Manse electric backclaim
UMC StKeverne costs 6,826 18,600 25,42
Ordination
event
Independent
examiner fee		 380 38 360
Youth Events
Other
Total		 5,019
7799		 1,077
46675		 871 44 476
476		 7443
55821		 22 815
16. Gains/(losses) on property dlsposals/revaluations
Unrestricted Circuit Model Designated
Funds		 8 s rkt und Endowment 2023 2022
Trust Fund
(unrestricted) Total Total
6 E E E
Ass tsbr
u htint		 Iheo ounts
RLvriu
tdi me
Meneage Chapel Buildings 275,000
~Pr EEGKEgrrhlfg2
Praa Sands Manse 467,858
Cury Methodist
Chapel		 10,000 10,000
Degibna Prayer Chapel 99,678 99,678
Helston Manse 93,822 93,822 40,168
Mullion
Manse		 56,654 56,654 24,255
Praa Sands Manse (125,398) (125,398)
134756 134756 857 281
17.Transfers between funds Unrestricted Circuit Model
Trust Fund		 (unrestricted)
Designated
Funds		 est e(l Fu Endowment 2023
Total		 2022
Total
E E 6
Investment
Income		 on TMCP funds 9,792 (9,783) (9)
Contractual
staff commitments		 (refer note (67,697) 67,697
Homeless
Pods reallocation		 (3,500) (5,200) 8,700
(61,405) (9,783) 62,497 ' n8,
investment
prop		 erties
The Circuit has 3 manses, situated in Helston,
Praa Sands and Mullion		 and are included in the financial
statements at their insured value as is the prayer chapel at Degibna. The Trustees consider this to be a fair
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, Rttings assets under
Residential Land Menses Other buildings and equipment construction Total
E E E E E E
Balance brought forward 1,290,091 976,013 2,266,104
Additions
Revaluations
(+/-)		 25,078 109,678 134,756
Disposals (-)
Transfers * (+/-)
Balance carried forward 1,315,169 1,085,691 2,400,860
Accumulated
depreciation
vvgasis
"Rate		 SL
Nil		 SL
Nil		 SL
Balance brought forward
Depreciation
charge for year (-)
Revaluations
(+/-)
Disposals (-)
Transfers'(+/-)
Balance carried forward
Net book value
Brought forward 1,290,091 976,013 2,266,104
Carried forward 1,315,169 1,085,691 2,400,860
An Hyreth-Helston Manse 606,485 606,485
90 Laflouder Fields-Mullion Manse 366,224 366,224
Chy Bron-Praa Sands Manse 342,460 342,460
Cury Chapel 260,000 260,000
Degibna Prayer Chapel 550,691 550,691
Meneage Chapel &Sunday School 275,000 275,000
1,315,169 1,085,691 2,400,860

==> picture [536 x 667] intentionally omitted <==

==> picture [381 x 80] intentionally omitted <==

==> picture [371 x 164] intentionally omitted <==

==> picture [375 x 102] intentionally omitted <==

==> picture [246 x 180] intentionally omitted <==

==> picture [372 x 118] intentionally omitted <==

==> picture [406 x 80] intentionally omitted <==

==> picture [161 x 12] intentionally omitted <==

==> picture [413 x 212] intentionally omitted <==

==> picture [20 x 7] intentionally omitted <==

==> picture [289 x 206] intentionally omitted <==