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2021-08-31-accounts

Trustees’ Annual Report for the period

From 1 Sept 2020 Period start date To 31 Aug 2021 Period end date

Charity name: Bodmin, Padstow & Wadebridge Methodist Circuit

Charity registration number: 1153871

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The purposes of the Methodist Church are
and shall be deemed to have been since the
Date of Union, the advancement of:
- The Christian faith in accordance with the
doctrinal standards and the discipline of the
Methodist Church
- Any charitable purpose for the time being
of any Connexional, District, Circuit, Local or
other organisation of the Methodist Church
-Any charitable purpose for the time being
of any society or institution or ancillary to the
Methodist Church
-Any purpose for the time being of any
charity being a charity or subsidiary or
ancillary to the Methodist Church
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 The Circuit produced a quarterly preaching
plan to ensure regular acts of worship take
place at each of the 11 Methodist Churches
in its geographical area. These are open to
all people, regardless of race, gender,
sexual orientation or religion, without charge,
and serves over 350 people every week this
way.
The Circuit exists to provide a living
expression of the Christian faith in action,
both in individuals lives and in community
work, and providing a regional and national
voice. This includes organised acts of
learning, caring, worship and service. We do
this from a base of 11 caring communities
and supporting charities.
Each of our 11 churches has a variety of
public services that it offers, including,
providing rooms for community use, such as
Mums and Tots groups, playgroups, youth
groups and partnerships with other
organisations.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 In defining the aims and objectives of the
charity, we confirm the trustees have had
regard to the Charity Commission’s
guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The Covid crisis continued to keep our
churches closed for most Sunday worship
during the reporting year in-line with
government guidance. Strict maintenance of
government rules was maintained
throughout the Circuit with coordination led
by the Circuit office and church stewards.
In the Autumn and winter. the Circuit was
unsuccessful in being matched with a
suitable minister to replace Rev Sally Long
through both rounds of stationing. To
mitigate that possibility, from Easter 2021
Lay Workers – Caroline Bailey, Myra
Williams and Rod Harrison took on pastoral
roles looking after Lanivet, Millpool, Innis,
Rosenannon, Bodmin, Nanstallon and St
Mawgan, to cover Superintendent’s
sabbatical and to prepare for covering the
potential lack of a second minister
To respond to the continued closure of
Churches due to Covid, the Circuit continued
to produce a weekly newsletter, plus a
written sermon and written devotions which
was mailed to over 100 homes every week,
until Easter 2021. In addition, the circuit
produced a one-hour worship service on
YouTube every week, available from Friday
lunchtime onwards. These followed the
annual lectionary and together these
projects were highly effective in keeping up
morale and communication across the
Circuit.
The Tubestation café opened up again after
the Easter holidays 2021 with a takeaway
and eating-outside policy. It had an excellent
level of revenue through visitors during the
week, with the best ever revenue and profit
in August, although regular giving for the
mission work dropped by about 10%. Work
on the building project slowed down
considerably due to Covid crisis, the
shortage of available contractors and the
sudden refusal of our main supplier for the
prefabricated prayer hut to respond to
communication. Although we lost no money.
We did lose a year’s work in having to start
again with another supplier and design.
Work continued on preparing reports and
documentation for planning permissions for
Wadebridge Bible Chapel re-
modelling/rebuild, and a planning application
to build 10 executive houses on the field at

St Columb was submitted in March 2021. There were a number of outstanding queries from the Cornwall Council planning dept as of August 31[st] 2021. From Late April onwards, to August 2021 the broader Circuit finances managed to be sustained despite cash offerings ceasing completely. Churches began to re-open from Easter onwards in various ways, monthly, bi-weekly or out-door services. St Mawgan however delayed the decision and ultimately in August 2021 took the decision to cease to meet and agreed to transfer all property and finances over to the Circuit. Nanstallon also began discussion aa to whether they could continue to meet. The Superintendent took his required 7th year sabbatical from Easter Monday to July 7[th] timed to return before the end of Rev Sally Long’s completion of her term with the Circuit, to ensure a smooth handover. Rev Sally Long completed her time with the Circuit with a well-attended farewell service on July 25[th] at the ‘Hall for All’ Lanivet.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Reserves Policy of the Circuit is to hold
a sum equivalent to four months normal
expenditure. This should be sufficient to
meet any unforeseen major expenditure on
manses or to cover the inability of a circuit
church to pay their assessment.
The circuit has a responsibility to hold
sufficient reserves in order to pay the
stipends of two ministers and meet our
commitment to the District and Connexion.
Amount of reserves held Para 1.22 £31,000
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 None
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Deed of Union (1932) and Methodist Church
Act (1976)
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Act of Parliament
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointed by local churches and existing
trustees.
Ministers are automatically trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51 Induction / Training
- Range of guidance provided by the
Methodist Connexion
- Leaflet ‘The role of a Trustee in the
Methodist Church’
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 Structure
- Part of the Cornwall District
- Accountable to the Methodist Conference
Relationship with any related
parties		 Para 1.51 Related Parties
- Other local Methodist Circuits and
Churches Together Groups
Other Risks
- As considered by the Circuit Leadership
Team
- Take professional advice as appropriate
- Implement Safeguarding Policy and
ensure it is adopted by all churches within
the circuit

Reference and Administrative details

Charity name Bodmin, Padstow & Wadebridge Methodist Circuit
Other name the charity uses
Registered charity number 1153871
Charity’s principal address Bruallen
Bodieve Road
Wadebridge
Cornwall
TR27 6EA

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Rev J Alistair
Sharp		 Superintendent
Presbyter		 Methodist Conference
Rev Sally Long Presbyter
Others as
registered with the
Charity
Commission		 All other trustees appointed
by the Circuit Meeting or are
Representatives from Church
Councils

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
Trustees for Methodist
Church Purposes

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations The trustees declare that they have approved the trustees, report abova. Signed on behalf of the charity's t stees Signature{$) Full name{s) Position (eg Secretary, Chair. etc) Rev Ajistair Sharp Chair Date 25 March 2022

CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS

THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS

BODMIN, PADSTOW & WADEBRIDGE

Circuit

FOR THE YEAR ENDED 31 AUGUST 2021

District
CORNWALL		 Circuit no 12/08
Registered Charity - Charity Registration number
1153871

If not a registered charity Her Majesty's Revenue and Customs Gift Aid number

(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242 )

Ministers: Rev ALISTAIR SHARP Rev SALLY LONG

Circuit Stewards: ANDREW JENKINS BARBARA HOUGH PETER SEARS

Treasurer:

PETER HOSEGOOD

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BODMIN, PADSTOW & WADEBRIDGE Circuit

20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021

SECTION A £
£
£
Restricted
Funds
Un -
restricted
Funds
Circuit Model
Trust Fund		 £
£
£
Restricted
Funds
Un -
restricted
Funds
Circuit Model
Trust Fund		 £
£
£
Restricted
Funds
Un -
restricted
Funds
Circuit Model
Trust Fund		 £
100,855
1,197
60,701
10,901
Totals this year		 £
100,855
1,197
60,701
10,901
Totals this year		 £
114,714
206,057
2,557
11,726
10,505
345,559
79,748
9,954
17,277
31,442
7,640
8,967
155,028
190,531
241,433
431,964
Totals last
year		 £
114,714
206,057
2,557
11,726
10,505
345,559
79,748
9,954
17,277
31,442
7,640
8,967
155,028
190,531
241,433
431,964
Totals last
year
a1 RECEIPTS Note
a2 Assessment/Share 100,855 100,855 114,714
a3 Capital receipts 206,057
a4 Bank and CFB interest and
Investment income		 26 424 747 1,197 2,557
a5 Grants 60,701 60,701 11,726
a6 Other receipts 10,901 10,901 10,505
a7 TOTAL RECEIPTS 172,483 424 747 **173,654 ** (a8) 345,559
SECTION B 82,517
23,324
19,745
32,581
63,450
10,575
1,082
b1 PAYMENTS
b2 Stipends, salaries, NIC, Pension and
travel costs		 82,517 82,517 79,748
b3 Manse Costs 23,324 23,324 9,954
b4 Administration etc 19,026 392 327 19,745 17,277
b5 District Assessment 28,176 4,405 32,581 31,442
b6 Grants & donations 4,638 48,812 10,000 63,450 7,640
b7 10,575 10,575
b8 Otherpayments 1,082 1,082 8,967
b9 TOTAL PAYMENTS 169,338 53,609 10,327 **233,274 ** (b9) 155,028
(59,620)
SECTION C
c1 NET RECEIPTS/PAYMENTS FOR
THE YEAR		 (a7-b9) 3,145 (53,185) (9,580) (59,620)
c2 Total funds broughtforwardfrom last year 72,120 138,093 221,751 431,964 (c6) 241,433
372,344
c3 Sub total
(c1+c2)		 75,265 84,908 212,171 372,344
c4 Transfers and adjustments (c7)
c5 TOTAL FUNDS AT END OF YEAR
(c3+c4)		 75,265 84,908 212,171 **372,344 ** (c8) **431,964 ** (c6)
SECTION D
d FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS
Offerings/Gifts -passed to external organisations
BALANCE STILL TO BE PAID (d1 + d2 - d3)
Offerings/Gifts- receivedforexternalorganisations
Balance broughtforwardfrom last year
(these amounts should not be included intotal receipts/payments above)
d1 Balance broughtforwardfrom last year
d2 Offerings/Gifts- receivedforexternalorganisations
d3 Offerings/Gifts -passed to external organisations
d4 BALANCE STILL TO BE PAID (d1 + d2 - d3)

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SUMMARY OF CIRCUIT ACCOUNTS AND INTERNAL ORGANISATION REPORTING TO THE CIRCUIT MEETING

SECTION E Please follow the Guidance Notes to complete this page

Summary of the Circuit accounts for the year ended 31 August 2021 and Internal Organisations reporting to the Circuit Meeting. Note that the funds of an Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed to arrive at the gross receipts and payments totals of the Circuit. If gross income exceeds the Accruals threshold of £250,000, then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the Circuit and connected Circuit Organisations.

INTERNAL
ORGANISATIONS		 Adjustments Opening
balances		 Closing balances
e1
e2
e3
e4
e5
e6
e7
e8 Sub total of Internal
Organisations funds		 (e11) (e12)
e9 Circuit accounts (totals
brought forward from page
2 - totals column)		 (c7) 431,964 (c6) 372,344 (c8)
e10 TOTAL CASH FUNDS HELD
BY CIRCUIT		 **431,964 ** (x) **372,344 ** (y)
SECTION F

SECTION F STATEMENT OF ASSETS AND LIABILITIES

SECTION F
STATEMENT OF ASSETS AND LIABILITIES		 SECTION F
STATEMENT OF ASSETS AND LIABILITIES
CIRCUIT -CASH FUNDS HELDat 31 August 2021 OPENING
BALANCES		 CLOSING
BALANCES
f1 Cash in hand
f2 Bank Current Account 40,395 24,276
f3 Bank Deposit Account 15,164 15,166
f4 Central Finance Board 16,560 35,822
f5 Trustees for Methodist Church Purposes 359,845 297,080
f6 Other funds
f7 SUB TOTAL **431,964 ** (c6) 372,344 (c8)
f8 Total funds held by Internal Organisations (the closing
balance totals above) (e12)		 (e11) (e12)
f9 TOTAL CASH FUNDS HELD BY CIRCUIT 431,964 (x) 372,344 (y)
SECTION G At At
OTHER ASSETS and LIABILITIES
Loan(s)- show amount outstandingatyear end
Land and Buildings(see notes re Insurance value)
Other Assets
Other Liabilities
Investments(include Endowments)		 1 September 2020
946,338		 31 August 2021
1,011,063
g1 Investments(include Endowments)
g2 Land and Buildings(see notes re Insurance value) 946,338 1,011,063
g3 Other Assets
g4 Loan(s)- show amount outstandingatyear end
g5 Other Liabilities

f4 Include only Funds held at the Central Finance Board

g1 Include any other investments (not the cash element of TMCP trust accounts this is inserted in line f5)

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