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 2025 have been prepared in
accordance with the Charities Act 2011 and the Charities.. Statement of Recommended Practice IFRS1021
Full Name of Charity: The Lizard and Mounts Bay Methodist Circuit
Registration Charity Number: 1144190
Main communication addre55
Street, Helston, TR13 8EL
The Lizard and Mount's Bay Methodist Circuit office, Coinagehall
The members of the Lizard and Mounts Bay Methodist Circuit meeting are the Charity Trustees.
membership being made up of circuit office holder5, ministers and representatives appointed by the
local churches.
Circuit Ministers and officers
Active Circuit Ministers
Rev DP Reed
Rev M Fugill
Rev R Fugill
Circuit Lay Workers
Mrs S Reed
Mrs T Haslam
Other Workers
Mrs D Borrett
Mrs T Hosking
Miss B Harrington
Miss C Laity
Mrs E Pascoe
Mr S Hatch
Circuit Steward5
Mrs S Lyne
Mrs J Shainberg
Mrs V Williams
Mrs J Hearn
Miss N Scott
Mr P Combellack (Treasurer)
Mr C Smith
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
purp05e5
P8ge2of 19
The Lizard and Mount5 Bay Methodist Circuit
Aims and orK¥nisation
Charity objective is to att as a Rèsourtè providèr within the arèa around Hèlston Ènd West Cornwall
for the MÈthodist Church..
The purposes of the Methodist Church are and shall be deemed to have
been since the Date of Union the advancement of..
al The Christian faith in accordance with the doctrin31 standards and discipline of The
Methodist Church,.
bl Any charitable purpose for the time being of any Connexional, District, Circuit. local or
other org8ni5ation of The Methodist Church,.
l Any charitable purpose for the tirne being of any society or institution subsidiary or
ancillary to The Methodist Church.,
dl 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 act5 of worship open to mernbers of the church
and non mernber5 31ike.
ThÈ teathing of Christianity through sermons, toursÈs and small groups.
The resourcing of pastoral work including visiting the sick and bereaved.
Taking religious assemblies in Ioc31 schools.
Promotion of Christianity through the staging of events and services.
Provision of chaplaincy 5ervice5 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.
Stru¢lure, fjovernanre Hnd Management
I governing document tor the tircuit Is the Deed Ot union Iiy521 and Metnodlst Church Act
119761
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of
the Methodist Church by order of the annual conference ICPDI.
Dayto day managèment of th@ tircuft is undertaken by thè Circuit Leadership tèam along with the
Local Preachers meeting, the Circuit Finance and Property Committee and the Circuit Policy
Committee.
TrusteeTrainlng
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 trustee5.
Related PartiÈs
The Circuit Is part of the South West Peninsul) Di5tri¢t and is also accountable to the Methodist
Conference.
The following Methodist Churches are linked to the circuit.. Balwest, Breaney, Central Ib3sed at
Helstonl, Crowlas, Goldsithney, Leedstown United, Marazion, Mullion, Porthleven, Ruan Minor, St
Keverne, The Lizard & Trinity (Porkellisl. Additionally there is a Circuit Prayer chapel based at
Degibna, and two di5Used chape15 at Meneage and Burras with adjoining community buildings.
Page3of 19
The Lizard and Mount5 Bay Methodist Circuit
Rlsk Management
The major risk5 have been identified and recorded by the Circuit Finance and Property Cornmittee with
professional advice takèn as rÈquired.
There is 3 regu18r annual review process undertaken ènd recorded.
Income and Expenditure 15 being monitored in total and is compared with the approved annual budget on a
half yearly ba515 to detert trends as part of the risk managernent proce55 to avoid unforeseen c4115 on
reserves.
Safeguarding
Every person has u value ond dignity which comes directlyfrom the creation olmale ondfemale God's
own imoge undlikene55. ChristlU115 see thi5 Potentiol osfulfilled by God's re-creution of us in Christ. Among
other thing5 thi5 irnplie5 0 duty to vulue Jllpeople 05 becTring the image oAGod CTnd therefore toprotect
themfrom hurm.
Methodist Connexional practice outline5 commitment to the following principles..
the care 3nd nurture of, and respectFul p45toral ministry with, all childreni young people and adult5
the safeguarding and protettion of all childrÈn, young pèople and adults whèn they arè vulnÈrablÈ
• the establishing of safe, caring communities which provide a loving environment where there is
informed vigilance 8S to the dangers of 8buse.
We will carefully select and train all those with any responsibility within the Church, in line with
Safer Recruitrnent principles, including the use of criminal records disclosures and registration with
the relevant vetting and barring 5cheme5.
We will respond without delay to every complaint tnade 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 znyone who has suffered abuse, developing with them an appropriate
ministry of informed pastoral care.
We will seek to ch3llenge 3ny abuse of power, especially by ?nyone in a P051tion of trust.
We will seek to offer pastoral care and support, including supervision and referral to the proper
authorities, to any membÈr 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 S?legu3rding Policy,. government legislatloni guidance and 53fe practice in the circuit and i
the thurihes.
The Lizard and Mounts Bay Methodlst Cir¢Jit ¢omtntts itself to the provision of support. advi¢e and training
for lay and ordained people that will ensure pÈople are clear and confident about their roles and
responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.
ReseThes Policy
The Reserves Poliry for the Circuit is to hold 3 minimum sum equivalent to six months, average
expenditure. This should be sufficient ro meet any unforeseen Item of major expenditure on manses 8nd I
or to be able to continue, in the short term, funding planned activities in the event of èny inability to raise
the full Circuit Assessment from churches.
At the balance sheet date. the Charity'5 free" reserves amounted to 5.3 months worth of
ÈxpÈnditurÈ Ilast yÈar 8.2 monthsl- rÈfer note 25
Page4of 19
**Circuit Accruals Accounts**
## **THE METHODIST CHURCH**
# **TEMPLATE REPORT AND ACCOUNTS (ACCRUALS BASIS)**
## **for the year ended 31 August 2025**
**The Lizard and Mounts Bay Methodist Circuit**
**----- Start of picture text -----**
Registered Charity - Registration number 1144190
South West Peninsula District Circuit No 37 / 14
Ministers Rev D P Reed
Rev M Fugill
Rev R Fugill
Circuit Stewards Mrs S Lyne
Mrs J Shainberg
Mrs J Hearn
Mrs V Williams
Miss N Scott
Mr C Smith
Circuit Treasurer Mr P Combellack
**----- End of picture text -----**
## **Registered Charity - Registration number**
Page 1 of 19
**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 2025 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice (FRS102)
Full 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 8EL
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**
|Active Circuit Ministers|Rev DP Reed|Rev M Fugill|
|---|---|---|
||Rev R Fugill||
|Circuit Lay Workers|Mrs S Reed|Mrs T Haslam|
|Other Workers|Mrs D Borrett|Mrs T Hosking|
||Miss B Harrington|Mrs E Pascoe|
||Miss C Laity|Mr S Hatch|
|Circuit Stewards|Mrs S Lyne|Mrs J Shainberg|
||Mrs J Hearn|Mrs V Williams|
||Miss N Scott|Mr P Combellack (Treasurer)|
||Mr C Smith||
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 19
## **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 shall be deemed to have been since the Date of Union the advancement of:
a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
b) Any charitable purpose for the time being of any Connexional, District, Circuit. local or other organisation of The Methodist Church;
c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;
d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church
The organisation and resourcing of regular public acts of worship open to members of the church and non members alike.
The teaching of Christianity through sermons, courses and small groups.
The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in local schools.
Promotion of Christianity through the staging of events and services.
Provision of chaplaincy services to the local 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**
The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976)
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).
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 Committee.
## **Trustee Training**
A range of guidance produced by Methodist Connexion to support the effective running of the circuit , specifically the leaflet ‘The Role of a Trustee in The Methodist Church’ is given to all new Circuit meeting members as induction to their role as trustees.
## **Related Parties**
The Circuit is part of the South West Peninsula 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, Mullion, Porthleven, Ruan Minor, St Keverne, The Lizard & Trinity (Porkellis). Additionally there is a Circuit Prayer chapel based at Degibna, and two disused chapels at Meneage and Burras with adjoining community buildings.
Page 3 of 19
**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 reserves.
## **Safeguarding**
_Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm._
Methodist Connexional practice outlines commitment to the following principles:
- the care and nurture of, and respectful pastoral ministry with, all children, young people and adults
- the safeguarding and protection of all children, young people and adults when they are vulnerable
- the establishing of safe, caring communities which provide a loving environment where there is
- informed vigilance as to the dangers of abuse.
- We will carefully select and train all those with any responsibility within the Church, in line with
- Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.
- We will respond without delay to every complaint made which suggests that an adult, child or
- young person may have been harmed, cooperating with the police and local authority in any investigation.
- We will seek to work with anyone who has suffered abuse, developing with them an appropriate
- ministry of informed pastoral care.
- We will seek to challenge any abuse of power, especially by anyone in a position of trust.
- We will seek to offer pastoral care and support, including supervision and referral to the proper
- authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult.
- In all these principles we will follow legislation, guidance and recognised good practice
The 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.
At the balance sheet date, the Charity's "free" reserves amounted to 5.3 months worth of expenditure (last year 8.2 months) - refer note 25
Page 4 of 19
**Name of Circuit**
**The Lizard and Mounts Bay Methodist Circuit**
**Circuit No 12/14**
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2025**
|**Notes to the**
**accounts**
**Income**
Donations and legacies
2
Income from monetary investments
3
Income from investment properties
4
Assessments on Churches
5
Capital Receipts
6
Grants received
7
Other charitable income
8
**Total income**
**Expenditure**
Grants and donations
9
Salaries and associated costs
10
Property maintenance
11
Connexional assessment & model trust levy
District Assessment & Levy
12
Capital Purchases
13
Office expenses
14
Other outgoings
15
**Total charitable expenditure**
Gains/(losses) on monetary investments
Gains/(losses) on property disposals/reva
16
**Net income/(expenditure)**
Transfers between funds
17
Other gains/(losses)
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**|
**General Fund**
**(Unrestricted)**
**Circuit Model Trust**
**(Unrestricted)**
**Designated Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**Funds**
**Total**
**2024-25**
£
£
£
£
£
£
-
-
-
9,978
-
**9,978**
11,390
6,806
-
-
466
**18,662**
3,951
-
-
-
-
**3,951**
195,046
-
-
-
-
**195,046**
-
-
-
-
-
**-**
20,000
-
-
-
**20,000**
9,876
-
6,923
-
-
**16,799**
**240,263**
**6,806**
**6,923**
**9,978**
**466**
**264,436**
201
22,216
-
2,506
-
**24,923**
221,093
-
-
7,472
-
**228,565**
23,132
-
4,350
-
-
**27,482**
42,983
**42,983**
16,465
4,632
-
-
-
**21,097**
-
-
-
-
-
**-**
13,194
-
-
-
-
**13,194**
28,462
464
742
-
453
**30,121**
**345,530**
**27,312**
**5,092**
**9,978**
**453**
**388,365**
1
(42)
(41)
550,522
-
-
-
550,522
**445,255**
**(20,505)**
**1,831**
**-**
**(29)**
**426,552**
56,458
-
(56,458)
-
-
-
-
**501,713**
**(20,505)**
**(54,627)**
**-**
**(29)**
**426,552**
2,422,146
142,639
162,637
6,564
17,392
2,751,378
**2,923,859**
**122,134**
**108,010**
**6,564**
**17,363**
**3,177,930**|
|---|---|
- - - - - -
Page 5 of 19
Name of Circuit
**The Lizard and Mounts Bay Methodist Circuit**
Circuit No **12/14**
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2024 forming part of previous year's accounts**
|**Notes to the**
**accounts**
**Income**
Donations and legacies
2
Income from monetary investments
3
Income from investment properties
4
Assessments on Churches
5
Capital Receipts
6
Grants received
7
Other charitable income
8
**Total income**
**Expenditure**
Grants and donations
9
Salaries and associated costs
10
Property maintenance
11
Connexional assessment & model trust levy
District Assessment & Levy
12
Capital Purchases
13
Office expenses
14
Other outgoings
15
**Total charitable expenditure**
Gains/(losses) on monetary investments
Gains/(losses) on property disposals/reva
16
**Net income/(expenditure)**
Transfers between funds
17
Other gains/(losses)
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**|
**General Fund**
**(Unrestricted)**
**Circuit Model Trust**
**(Unrestricted)**
**Designated Funds**
**(unrestricted)**
**Restricted Funds Endowment Funds**
£
£
£
£
£|
**Total**
**2023-24**
£
**16,898**
**21,880**
**9,690**
**195,000**
**(6,885)**
**2,550**
**17,788**
**256,921**
**5,599**
**238,241**
**32,111**
**42,983**
**95,718**
**-**
**17,211**
**30,509**
**462,372**
1,049
75,578
**(128,824)**
-
-
**(128,824)**
2,880,202
**2,751,378**|
|---|---|---|
||1,306
-
-
15,592
-
10,603
10,699
-
-
578
9,690
-
-
-
-
195,000
-
-
-
-
(182,754)
175,869
-
-
-
2,550
-
-
-
9,929
-
7,859
-
-||
||**46,324**
**186,568**
**7,859**
**15,592**
**578**||
||-
-
-
5,599
-
128,028
101,584
-
8,629
-
643
27,362
4,106
-
-
42,983
91,979
3,739
-
-
-
-
-
-
-
-
15,911
1,300
-
-
-
3,216
24,802
1,918
-
573||
||**282,760**
**158,787**
**6,024**
**14,228**
**573**||
||58
991
75,578
-
-
-||
||**(160,858)**
**27,839**
**1,835**
**1,364**
**996**||
||9,988
(9,988)
-
-
-||
||**(150,870)**
**17,851**
**1,835**
**1,364**
**996**||
||2,573,016
124,788
160,802
5,200
16,396||
||**2,422,146**
**142,639**
**162,637**
**6,564**
**17,392**||
Page 6 of 19
**Circuit No 12/14**
**The Lizard and Mounts Bay Methodist Circuit**
## **Balance Sheet as at 31 August 2025**
**----- Start of picture text -----**
General Fund Circuit Model Designated Funds Restricted Endowment 2024/25 Totals 2023/24
(Unrestricted) Trusts (Unrestricted) Funds Funds
Notes to the (Unrestricted)
Accounts £ £ £ £ £ £ £
Fixed Assets
Circuit Manses & Equipment 18 1,762,506 1,762,506 1,376,984
Investment properties 18 1,004,454 1,004,454 839,454
Investments - -
Total fixed assets 2,766,960 - - - - 2,766,960 2,216,438
Current Assets
Debtors 19 63,659 63,659 67,181
Loans by the Circuit 20 2,247 2,247 5,073
Investments with TMCP 21 122,134 17,363 139,497 160,031
Central Finance Board Deposits 22 108,363 - 89,658 6,564 - 204,585 261,115
Cash at Bank and in hand 23 44,953 - 18,352 - - 63,305 100,435
Total current assets 219,222 122,134 108,010 6,564 17,363 473,293 593,835
Current liabilities
Creditors (due in under 1 year) 24 62,323 62,323 58,895
Grants payable within 2018-19 - -
Total current liabilities 62,323 - - - - 62,323 58,895
Net current assets/liabilities 156,899 122,134 108,010 6,564 17,363 410,970 534,940
Total assets less current liabilities
2,923,859 122,134 108,010 6,564 17,363 3,177,930 2,751,378
Long term liabilities
(due after more than one year)
Grants payable after 2018-19 -
Loans to the Circuit -
-
Net assets 2,923,859 122,134 108,010 6,564 17,363 3,177,930 2,751,378
Funds of the Circuit
General Fund (Unrestricted) 25 2,923,859 2,923,859 2,422,146
Circuit Model Trust Fund (Unrestricted) 25
122,134 122,134 142,639
Designated Funds (Unrestricted) 25 108,010 108,010 162,637
Total Unrestricted Funds 3,154,003 2,727,422
Restricted Funds 25 6,564 6,564 6,564
Endowment Funds 25 17,363 17,363 17,392
Total Funds 2,923,859 122,134 108,010 6,564 17,363 3,177,930 2,751,378
**----- End of picture text -----**
Approved by the board of trustees on …........................... and signed on its behalf by:
- - - - - -
………………………………………………………………………
P Combellack - Treasurer
Page 7 of 19
**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.
## **iii 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 SI 2008/629 (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 2024, 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.
In 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 when a 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 19
## **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 less than its current value. Any depreciation would not be material. The properties have been reviewed for impairment.
## **Investment Properties**
Investment properties are as follows: Degibna Prayer Chapel, The Lizatd Chapel & Meneage Methodist Chapel. Degibna is shown at insurance value, Meneage 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. The Lizard is up for sale on the open market and an offer of £165k has been accepted and used for the carrying value for the purposes of these financial statements. 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.
## **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 19
**The Lizard and Mounts Bay Methodist Circuit**
**----- Start of picture text -----**
Circuit Model Designated Funds 2025 2024
Unrestricted Endowment
2. Donations and legacies Trust Fund (unrestricted) Restricted Funds Total Total
£ £ £ £ £ £ £
Donations - - 9,978 9,978 16,898
Legacies - -
Total - - - 9,978 - 9,978 16,898
Circuit Model Designated Funds 2025 2024
Unrestricted Endowment
3. Income from monetary investments Trust Fund (unrestricted) Restricted Funds Total Total
£ £ £ £ £ £ £
Central Finance Board 11,390 11,390 10,603
TMCP 6,806 466 7,272 11,277
Total 11,390 6,806 - - 466 18,662 21,880
Circuit Model Designated Funds 2025 2024
Unrestricted Endowment
4. Income from investment properties Trust Fund (unrestricted) Restricted Funds Total Total
£ £ £ £ £ £ £
- - -
Lettings (Chy Bron Manse)
Lettings (Meneage) 1,770 1,770 2,270
Lettings (Burhos) 2,181 2,181 7,420
Total 3,951 - - - - 3,951 9,690
Circuit Model Designated Funds 2025 2024
Unrestricted Endowment
5. Assessments on Churches Trust Fund (unrestricted) Restricted Funds Total Total
£ £ £ £ £ £ £
Balwest Methodist Chapel 5,267 5,267 5,283
Breaney Methodist Chapel 14,858 14,858 14,892
Central Methodist Church 53,500 53,500 53,555
Crowlas Methodist Chapel 7,422 7,422 6,747
Goldsithney Methodist Chapel 8,669 8,669 8,704
Leedstown Methodist Chapel 11,094 11,094 10,588
Marazion Methodist Church 17,210 17,210 17,253
Mullion Methodist Chapel 14,755 14,755 14,755
Porthleven Methodist Church 32,191 32,191 29,975
Ruan Minor Methodist Church 7,973 7,973 7,248
The Lizard Methodist Chapel 1,651 1,651 6,638
Trinity Methodist Chapel 8,405 8,405 8,407
United Methodist Church St Keverne 12,051 12,051 10,955
- - -
Total 195,046 - - - - 195,046 195,000
Circuit Model Designated Funds 2025 2024
Unrestricted Endowment
6. Capital receipts Trust Fund (unrestricted) Restricted Funds Total Total
£ £ £ £ £ £ £
Cury chapel - - - (6,885)
CPF levy returned on previous sales - - - -
CPF levy on property sales - -
Total - - - - - - (6,885)
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 19
## **The Lizard and Mounts Bay Methodist Circuit**
|**7. Grants received**|**Unrestricted**
**Circuit Model**
**Trust Fund**
**Designated**
**Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**£**
**£**
**£**
**£**
**£**|**2025**
**Total**
**£**|
**2024**
**Total**
**£**|
|---|---|---|---|
|Cornwall District|20,000|20,000
-|
2,550
-
**2,550**|
|**Total**|**20,000**
**-**
**-**
**-**
**-**|**20,000**||
During the year the Circuit received ???? as a travel subsidy
**----- Start of picture text -----**
Designated
Circuit Model
Unrestricted Funds Endowment 2025 2024
Trust Fund
8. Other Charitable Income (unrestricted) Restricted Funds Total Total
£ £ £ £ £ £ £
Photocopying 305 305 572
The Lizard Chapel funds introduced 8,620 8,620 -
Other 951 6,923 7,874 17,216
Total 9,876 - 6,923 - - 16,799 17,788
Designated
Circuit Model
Unrestricted Funds Endowment 2025 2024
Trust Fund
9. Grants and donations paid (unrestricted) Restricted Funds Total Total
£ £ £ £ £ £ £
Methodist charities 81 81 443
Lay Workers 899 899 -
Drawdown on Trewennack monies 22,216 22,216
Non-Methodist charities 201 1,526 1,727 5,156
Total 201 22,216 - 2,506 - 24,923 5,599
10. Salaries and associated costs
Circuit Model Designated
Unrestricted Endowment
Trust Fund Funds 2025 2024
(unrestricted) Restricted Funds Total Total
£ £ £ £ £ £ £
Ministers' Stipends 96,783 96,783 90,606
Ministers' NIC 10,480 10,480 8,738
Ministers' Superannuation 18,612 18,612 23,435
Ministers' Travelling 9,339 9,339 10,683
Removal costs - -
Mission Enabler Salary 16,548 16,548 16,345
Circuit Administrator Salary 16,411 16,411 16,224
Clerical Support Worker Salary 11,357 11,357 10,816
Youth Worker's Salary (2,469) 4,999 2,530 12,984
Children & Families Worker Salary - 10,290
Apprenticeship Levy 960 960 1,002
Third Age Worker Salary 9,937 9,937 8,178
Employers NIC 7,054 7,054 5,967
Employer's Pension 3,292 3,292 3,178
CAP Worker Salary 10,013 2,473 12,486 10,380
CAP Community Co-ordinator salary 12,776 12,776 9,415
- -
Other Travel e.g. Visiting Ministers
221,093 - - 7,472 - 228,565 238,241
**----- End of picture text -----**
No employees received employee benefits of more than £60,000. There is no accrual for holiday pay as it is immaterial; the holiday
year ends on 31 August. All staff are paid at or above the living wage.
Page 11 of 19
**The Lizard and Mounts Bay Methodist Circuit**
|**11 Property maintenance**
Premises Insurance-Helston
Premises Insurance-Mullion
Premises Insurance-Praa Sands
Business Insurance
Repairs and Renewals-Helston
Repairs and Renewals-Mullion
Repairs and Renewals-Praa Sands
Repairs and Renewals - other
Quinquennial Reports
Townsend Cemetery Costs
Burhos Chapel costs
Chynhale Chapel costs
Degibna Chapel costs
Meneage Chapel costs
Cury Chapel Expenses
The Lizard Chapel Expenses
Crelly Cemetery
**12 District Assessment & Levy**
District Assessment
District Levy
CPF Levy
**13 Capital Purchases**
Purchase of Praa Sands Manse
Legal Fees
**14 Office expenses**
Circuit Office Rent
Conference Minutes, CPD's, Diaries, Publications etc
Postage and Carriage
Office Stationery
Ministers Resources, Stationery & Postage
Telephone-Circuit Office
Telephone-Helston
Telephone-Mullion
Telephone-Chy Bron
Website
Computer & Software
Mobile Charges
Payroll Admin Charge
Photocopier-Circuit Office|**Unrestricted**
**Circuit Model**
**Trust Fund**
**Designated Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**£**
**£**
£
£
**£**
1,012
913
582
653
1,872
815
246
84|**2025**
**Total**
**£**
1,012
913
582
653
1,872
815
246
84
-
1,243
1,863
5,051
3,965
2,733
406
5,659
385
**27,482**
**2025**
**Total**
**£**
16,465
4,632
-
**21,097**
**2025**
**Total**
**£**
-
-
**-**
**2025**
**Total**
**£**
1,200
555
755
1,340
1,586
881
800
629
819
317
1,573
287
576
1,876
**13,194**|
**2024**
**Total**
**£**
1,051
531
593
438
1,590
374
8,364
2,789
-
2,349
1,589
6,149
3,609
1,943
245
497
**32,111**
**2024**
**Total**
**£**
14,733
3,739
77,246
**95,718**
**2024**
**Total**
**£**
-
-
**-**
**2024**
**Total**
**£**
1,200
898
1,255
1,388
4,655
743
741
750
362
-
2,760
528
1,931
**17,211**|
|---|---|---|---|
|||||
||1,243
1,863
5,051|||
||3,965|||
||2,733
406
5,659
385
**23,132**
**-**
**4,350**
**-**
**-**|||
|||||
||**Unrestricted**
**Circuit Model**
**Trust Fund**
**Designated Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**£**
**£**
£
£
**£**|||
||16,465
4,632|||
||-|||
||**16,465**
**4,632**
**-**
**-**
**-**|||
|||||
||**Unrestricted**
**Circuit Model**
**Trust Fund**
**Designated Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**£**
**£**
£
£
**£**|||
|||||
|||||
||**-**
**-**
**-**
**-**
**-**|||
|||||
||**Unrestricted**
**Circuit Model**
**Trust Fund**
**Designated Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**£**
**£**
£
£
**£**
1,200
555
755
1,340|||
||1,586|||
||881|||
||800
629|||
||819
317|||
||1,573
287
576
1,876|||
||**13,194**
**-**
**-**
**-**
**-**|||
|||||
Page 12 of 19
**The Lizard and Mounts Bay Methodist Circuit**
||**The Lizard and Mounts Bay Methodist Circuit**|||
|---|---|---|---|
|**15. Other outgoings**|**Unrestricted**
**Circuit Model**
**Trust Fund**
**Designated**
**Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**£**
**£**
**£**
**£**
**£**|**2025**
**Total**
**£**|
**2024**
**Total**
**£**|
|Travel expenses etc, Lay Workers
Lay workers expenses
CAP expenses
Manse rates
Manse water rates
Manse electric
UMC St Keverne costs
Ordination event
Financial Consultancy Services
Independent examiner fee
Youth Events
Planning application fees
Other
**Total**|4,197
5,289
4,116
8,274
1,532
254
-
3,600
419
-
781
464
742
453|4,197
8,606
5,289
4,177
4,116
4,045
8,274
6,577
1,532
867
254
45
-
-
-
-
3,600
419
455
-
-
-
-
2,440
5,737
**30,121**
**30,509**||
||**28,462**
**464**
**742**
**-**
**453**|**30,121**||
## **16. Gains/(losses) on property disposals/revaluations**
|_Assets brought into the accounts_
_at valuation_
The Lizard Chapel
_Property purchases_
Praa Sands Manse
_Property revaluations_
Degibna Prayer Chapel
Helston Manse
Mullion Manse
Praa Sands Manse
**17. Transfers between funds**
Investment Income on TMCP funds
Contractual staff commitments (refer note
Homeless Pods reallocation|**Unrestricted**
**Circuit Model**
**Trust Fund**
**Designated**
**Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**£**
**£**
**£**
**£**
**£**|**2025**
**Total**
**£**|
**2024**
**Total**
**£**|
|---|---|---|---|
||165,000
-
-
177,782
107,353
100,387|165,000
-
-
177,782
107,353
100,387
-|-
-
13,763
28,506
17,213
16,096
-
**75,578**
**2024**
**Total**
**£**|
||**550,522**
**-**
**-**
**-**
**-**|**550,522**
**2025**
**Total**
**£**||
|||||
||**Unrestricted**
**Circuit Model**
**Trust Fund**
**Designated**
**Funds**
**(unrestricted)**
**Restricted Funds**
**Endowment**
**£**
**£**
**£**
**£**
**£**|||
||-
-
56,458
-
(56,458)
-|-
-
-|-
-
-
**-**|
||**56,458**
**-**
**(56,458)**
**-**
**-**|**-**||
|||||
Page 13 of 19
**The Lizard and Mounts Bay Methodist Circuit**
## **18 Circuit Manses and equipment & investment properties**
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. Meneage chapel was valued by Christophers Estate Agents, independent agents for sale purposes, and the Trustees consider this carrying value to be fair. The Lizard Chapel has been put on the open market for sale and an offer for £165k has been accepted.
Cost or valuation
|Balance brought forward
Additions
Revaluations (+/-)
Disposals (-)
Transfers * (+/-)
Balance carried forward
****Basis**
**** Rate**
Balance brought forward
Depreciation charge for year (-)
Revaluations (+/-)
Disposals (-)
Transfers* (+/-)
Balance carried forward
Brought forward
Carried forward
An Hyreth-Helston Manse
90 Laflouder Fields-Mullion Manse
Chy Bron-Praa Sands Manse
The Lizard Chapel
Degibna Prayer Chapel
Meneage Chapel & Sunday School
**Accumulated depreciation**
**Net book value**|**Residential Land**
**Manses**
**Other buildings**
**Fixtures, fittings**
**and equipment**
**Payments on**
**account and**
**assets under**
**construction**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
-
1,376,984
839,454
-
-
2,216,438
-
-
-
385,522
165,000
550,522
-
-
-
1,762,506
1,004,454
-
-
2,766,960
SL
SL
SL
Nil
Nil
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,376,984
839,454
-
-
2,216,438
-
1,762,506
1,004,454
-
-
2,766,960
812,773
812,773
490,790
490,790
458,943
458,943
165,000
165,000
564,454
564,454
275,000
275,000
-
1,762,506
1,004,454
-
-
2,766,960|
|---|---|
Page 14 of 19
**The Lizard and Mounts Bay Methodist Circuit**
## **19 Debtors and prepayments**
## **Debtors**
Church Assessments & other trade Other Debtors
## **Prepayments**
Stipends, Pension, NI Other Prepayments
## **20 Loans by the Circuit**
Loan to Leedstown Chapel Circuit Musical
## **21 Investments with TMCP**
**TMCP - Circuit Model Trust Fund**
CFB Managed Mixed Fund Trustees Interest Fund **TMCP - Endowment (James Day)** Trustees Interest Fund **TMCP - Endowment (EM Friggins)** CFB Managed Mixed Fund Trustees Interest Fund CFB Mngd Fixed Interest Fund Trust Income Balance
## **22 Central Finance Board Deposits**
Central Finance Board (Circuit) Central Finance Board (The Lizard)
## **23 Cash at Bank and in hand**
LAMB Circuit - Lloyds Current Account LAMB Circuit - Lloyds Current Account Chynhale Cemetery Bank Account Blessing Fund Bank Acount The Lizard Santander Bank Ac Crelly Cemetery Bank Account Degibna Prayer Chapel Bank Account
## **24 Creditors (due in under 1 year)**
## **Creditors and accruals**
Trade creditors
Church assessments raised in advance Accruals Amounts payable to third parties
**----- Start of picture text -----**
Circuit Model Designated Funds 2025 2024
Unrestricted Restricted Funds Endowment
Trust Fund (unrestricted) Total Total
£ £ £ £ £ £ £
41,235 41,235 51,240
3,900 3,900 100
- -
10,912 10,912 10,357
7,612 7,612 5,484
63,659 - - - - 63,659 67,181
Circuit Model Designated Funds 2025 2024
Unrestricted Restricted Funds Endowment
Trust Fund (unrestricted) Total Total
£ £ £ £ £ £ £
2,173 2,173 4,573
74 74 500
2,247 - - - - 2,247 5,073
Circuit Model Designated Funds 2025 2024
Unrestricted Restricted Funds Endowment
Trust Fund (unrestricted) Total Total
£ £ £ £ £ £ £
814 814 813
121,320 121,320 141,826
- -
312 312 300
- -
11,994 11,994 11,971
2,300 2,300 2,300
2,757 2,757 2,821
- - -
- 122,134 - - 17,363 139,497 160,031
Circuit Model Designated Funds 2025 2024
Unrestricted Restricted Funds Endowment
Trust Fund (unrestricted) Total Total
£ £ £ £ £ £ £
106,543 89,658 6,564 202,765 261,115
1,820 1,820
- -
108,363 - 89,658 6,564 - 204,585 261,115
Circuit Model Designated Funds 2025 2024
Unrestricted Restricted Funds Endowment
Trust Fund (unrestricted) Total Total
£ £ £ £ £ £ £
11,072 - 11,072 28,425
27,021 27,021 55,489
1,865 1,865 1,765
678 678 1,019
6,860 6,860
4,059 4,059 3,783
11,750 11,750 9,954
44,953 - 18,352 - - 63,305 100,435
Circuit Model Designated Funds 2025 2024
Unrestricted Restricted Funds Endowment
Trust Fund (unrestricted) Total Total
£ £ £ £ £ £ £
11,891 11,891 8,459
48,349 48,349 50,000
446 446 436
1,637 - 1,637 -
- - -
62,323 - - - - 62,323 58,895
**----- End of picture text -----**
Page 15 of 19
**The Lizard and Mounts Bay Methodist Circuit**
## **25. Detailed analysis of individual fund movements**
## **Unrestricted Funds**
**----- Start of picture text -----**
Unestricted Fund Name Opening Income Expenditure Transfers Closing Balance Purpose of the fund
For use in the furtherance of the general objectives of the
General Fund 2,422,146 790,785 345,530 56,458 2,923,859 Circuit
Circuit Model Trust Fund 142,639 6,807 27,312 - 122,134 As above - but see below
These are funds held by internal organisations & funds set
Designated Fund 162,637 6,923 5,092 (56,458) 108,010 aside for future lay worker costs
- -
Totals 2,727,422 804,515 377,934 - 3,154,003
**----- 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 88% of this fund is held as land and property.
|Circuit Manses
Investment Properties
_95%_
Debtors
Creditors
Bank Funds
Total charitable expenditure in year per SOFA
_adjusted for extraordinary items_
Grants / TMCP withdrawals
CPF Levy reclaimed
TMCP backclaims
Six months expenditure
(reserves policy minimum)
Bank Funds as a % of expenditure
Equivalent to month's reserves
reserves in excess of policy minimum|This Year
1,762,506
1,004,454
2,766,960
65,906
(62,323)
2,770,543
153,316
2,923,859
345,530
345,530
172,765
44%
5.3
(19,449)|Last Year
1,376,984
839,454
2,216,438_92%_
72,254
(58,895)
2,229,797
192,349
2,422,146
282,760
-
282,760
141,380
68%
8.2
50,969|
|---|---|---|
## **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.
|General Circuit Funds
United MC, St Keverne
Central Methodist Church|This Year
18,513
60,490
43,131
122,134|Last Year
18,361
59,740
64,538
142,639|
|---|---|---|
## **Designated Fund**
These are funds held by internal organisations. At the balance sheet date funds held were as follows:
|Crelly Cemetery
Chynhale Cemetery
Blessings Fund
Degibna Prayer Chapel
Lay Worker costs refer # below
# The following bank funds have been designated against futur
Circuit Administrator salary & costs
Clerical Support Worker salary & costs
Youth Worker salary & costs
Children & Families Worker salary & costs
Third Age Worker salary & costs
CAP Worker salary & costs
Mission Enabler salary & costs
St Keverne Community Worker
CAP Community Worker salary & costs
Opening provision
See funds transfer - note 17|This Year
4,059
1,865
678
11,750
18,352
89,658
108,010
e lay worker costs:
17,720
12,617
10,967
13,242
8,290
13,264
13,558
89,658
(146,116)
(56,458)|Last Year
3,783
1,765
1,020
9,954
16,522
146,116
162,638
20,300
13,473
18,291
26,691
11,409
14,582
15,559
10,475
15,336
146,116
(146,116)
-|
|---|---|---|
|**Restricted Fund**
These are funds donated for a specific purpose i.e. with a
An appeal towards housing for homeless people was insti
Opening Balance
Income this year (note 2)
Specific donations (note 9)
Donations towards cost of CAP & youth worker (note 10)
Donations received in prior years (refer note 17)|restriction on the
gated in last year
This Year
6,564
9,978
(2,506)
(7,472)
-
6,564|ir use, such as d
s accounts.
|onations towards the CAP wor
Last Year
5,200
15,592
(5,599)
(8,629)
-
6,564|ker & youth worker|
|---|---|---|---|---|
|**Endowment Name**
**How the capital is**|**invested**|**The current v**|**Annual**
**income**
**alue of the capital**|**What the income was used for**|
|Mrs EM Friggens bequest
James Day Bequest
Endowment via TM
Endowment via TM|CP Board
CP Board||452
14
17,051
313|Payable to Crowlas Methodist Church
Payable to Circuit funds (previously Cury)|
||Totals||466
17,364||
||||||
Page 16 of 19
**The Lizard and Mounts Bay Methodist Circuit**
## **26 Capital Commitments and Contingent Liabilities**
At the 31st August 2025 there were no capital commitments.
No Contingent liabilities were identified at 31st August 2025.
## **27. 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 19
## **The Lizard and Mounts Bay Methodist Circuit Circuit No 37 / 14**
## **DECLARATIONS AND SCRUTINY**
I confirm that these accrual based accounts for the year ended 31 August 2025 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit Meeting.
**----- Start of picture text -----**
Signature of Treasurer Date
Name of Treasurer Mr P Combellack
Address
Trevarian, Torleven Road, Porthleven, Cornwall. TR13 9AJ
**----- End of picture text -----**
## **Presentation to the Circuit meeting**
I confirm that the annual report and accounts for the year ended 31 Aug 2025 were presented to the Circuit Meeting held on
**----- Start of picture text -----**
and were approved.
Signature of the Chair of
the meeting
Name of the Chair of the
Rev M Fugill
meeting
Date
___________________________________________________________________________
**----- End of picture text -----**
## **Independent Examiner’s Report to the Trustees of the**
**----- Start of picture text -----**
The Lizard & Mounts Bay Methodist Circuit
Registered Charity - Registration number 1144190
**----- End of picture text -----**
This Report is on the Circuit Accounts for the year ended 31[st] August
**----- Start of picture text -----**
2025
**----- End of picture text -----**
## **Responsibilities and basis of report**
I 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 2025 set out on pages 1 to 17 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').
I 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, I 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 37 / 14**
## **Independent Examiner’s Statement**
The Circuit's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England & Wales.
I have completed my examination. I 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
• 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
- the trustees' annual report is not consistent with the accounts have not been met, or
I 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 proper 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 Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.
Name of independent examiner Signature of independent examiner
Relevant Professional qualification of independent examiner
Name of firm (where appropriate) Address Date
The liurd and Mounts Bay Methodist arcult
Circult No 37114
Independent ExamlneVs Statement
The Circuit's gross in(xxne eX(eded £250,000 and l am qualifed to undertake the examination by
being a qualified memL*r ol the Institute ol Chartered Aunn.ts in England & Wales.
I hav8 Completed my examination. I confinn that no material rnatt8rs have Ine to tny attention in
connectron wth the examination which give me cAuse tD LEliese that in, any materkal respect
. the accountitvJ records WEre not kept in accoidanca Section 130 of the Act or
. the accounts do not accord vAth Ihe accounling reKorts: or and rL)mply wth the accounting
uirements ofthe Charities
. the accounts do not Comp wth the applicab requirements C()nming the form and content of
accounts set out in the ChareS (Accounts and Reports) Regulations 2CKJ8 otr than any reqUIrnent
that the accounts give a Irue and fairf triew. which is not a matter considered as part of an indeF.enctenl
examination
. the trustees, annual reDort v8 not )n$stent the aco)unts
h8v8 not been met or
I ha%E no cA)nMS and ha come across no other matters in wnn8cbon wth the examination to which
attOn 8houkY be drawn in this report lo enable a prwr undtrtstarvJirvJ oflhe aUnts to be reached.
I have not obtsined IrKIEp8rtdènt verification of all inVes.m with the TnBtees for Mtsthodist
Churth purpo or held in olher trusts. bapk balanrtss and fvnds at the Central Finance Board Df
th6 Methodist Churth l-h are individually in ex$ of £10.) (ten thousand pounds) at the
balanTr sheet date.
Name of independent
examiner
Signature of
ind6p6rKlènt exarnlrÉr
Relewant Professional qualtficatlDn of iThJe
Thient examir
Name of firm (where appro
atel
Addrèss
Date
.C&.)D