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Trustees’ Annual Report for the period

From 1 Sept 2021 Period start date To 31 Aug 2022 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	Following the continued move to a post- Covid position all of our Chapels have now re-opened and are operating largely as they were before the pandemic. We have had two chapels cease to meet, Nanstallon and St Mawgan. Our matching process for replacing Alisdair Sharp and Sally Long was unsuccessful again so we have continued the work of the Circuit primarily through our exceptional Circuit Manager, volunteer minister, non-stipendiary ministers and the lay workers mentioned last year. The Circuit Stewards have worked with the above to ensure the life of the circuit continued. The District Chair has provided the leadership of a Superintendent Minister. Our Circuit newsletter has moved to monthly to aid the workload while still keeping communication going. Our regular Circuit meetings are continuing to give the right level of governance, oversight and togetherness. Tubestation continues to develop its work, providing a place of respite to beach users as well as regular worship for locals and visitors. The Café continues to be a positive contribution both financially and in outreach terms. The project focus here is shifting to more appropriate ventures to focus on what will deliver the most return. Wadebridge plans are developing with planning permission granted and mission planning in full development for fundraising. The process is continuing to gain planning permission for the St Columb Field, this is nearly complete and then it will go to market. We are in the process of marketing two other former chapels. Circuit finances continue to be well managed by our Treasurer, this year’s budget has been positive with greater activity and giving while having reduced ministerial commitments. Rev Alisdair moved out of active ministry April 2022.

Additional information (optional) You may choose to include further statements	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	£40,000
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	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

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	Finished Easter 2022	Methodist Conference
Others as registered with the Charity Commission

– 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)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




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 daclare that Ihey have approved the trustees, report above. Slgned on bèhalf of the charlty's trustees Slgnaturelsl Full namelsl Posltlon (eg Secretary, Chalr, elc) Revd Loraine N Mellor Chair Date S June 2023

CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS

THE METHODIST CHURCH

STANDARD FORM OF ACCOUNTS

Bodmin, Padstow & Wadebridge

Circuit

FOR THE YEAR ENDED 31 AUGUST 2022

Cornwall

District 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

Circuit Stewards:

Mr Andrew Jenkins

Treasurer:

Mr Peter K Hosegood

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20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022

Bodmin, Padstow & Wadebridge

Circuit

	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	£ 83,831 1,379 21,000 24,182 Totals this year	£ 83,831 1,379 21,000 24,182 Totals this year	£ 100,855 1,197 60,701 10,901 173,654 82,517 23,324 19,745 32,581 63,450 10,575 1,082 233,274 (59,620) 431,964 372,344 Totals last year	£ 100,855 1,197 60,701 10,901 173,654 82,517 23,324 19,745 32,581 63,450 10,575 1,082 233,274 (59,620) 431,964 372,344 Totals last year
a1	RECEIPTS	Note
a2	Assessment/Share		83,831			83,831		100,855
a3	Capital receipts
a4	Bank and CFB interest and Investment income		168	294	917	1,379		1,197
a5	Grants		21,000			21,000		60,701
a6	Other receipts		24,182			24,182		10,901
a7	TOTAL RECEIPTS		129,181	294	917	130,392	(a8)	173,654

	SECTION B					37,423 50,592 16,818 29,419 7,753 51,087
b1	PAYMENTS
b2	Stipends, salaries, NIC, Pension and travel costs		37,423			37,423		82,517
b3	Manse Costs		50,592			50,592		23,324
b4	Administration etc		15,972	242	604	16,818		19,745
b5	District Assessment		27,296	2,123		29,419		32,581
b6	Grants & donations							63,450
b7			7,753			7,753		10,575
b8	Otherpayments		10,087	21,000	20,000	51,087		1,082
b9	TOTAL PAYMENTS		149,123	23,365	20,604	193,092	(b9)	233,274
						(62,700)
	SECTION C
c1	NET RECEIPTS/PAYMENTS FOR THE YEAR	(a7-b9)	(19,942)	(23,071)	(19,687)	(62,700)

c2	Total funds brought forward from last year		75,266	84,907	212,172	372,345	(c6)	431,964
						309,645
c3	Sub total (c1+c2)		55,324	61,836	192,485	309,645

c4	Transfers and adjustments						(c7)
c5	TOTAL FUNDS AT END OF YEAR (c3+c4)		55,324	61,836	192,485	309,645	(c8)	372,344	(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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Bodmin, Padstow & Wadebridge

Circuit

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 2022 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		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)	372,345	(c6)	309,645	(c8)
e10	TOTAL CASH FUNDS HELD BY CIRCUIT		372,345	(x)	309,645	(y)

SECTION F

SECTION F

STATEMENT OF ASSETS AND LIABILITIES

	SECTION F STATEMENT OF ASSETS AND LIABILITIES
	CIRCUIT -CASH FUNDS HELDat 31 August 2022	OPENING BALANCES		CLOSING BALANCES
f1	Cash in hand
f2	Bank Current Account	24,276		11,852
f3	Bank Deposit Account	15,166		5,172
f4	Central Finance Board	35,823		38,299
f5	Trustees for Methodist Church Purposes	297,080		254,323
f6	Other funds
f7	SUB TOTAL	372,345	(c6)	309,646	(c8)
f8	Total funds held by Internal Organisations (the closing balance totals above) (e12)		(e11)		(e12)
f9	TOTAL CASH FUNDS HELD BY CIRCUIT	372,345	(x)	309,646	(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 2021 1,011,063		31 August 2022 1,011,063
g1	Investments(include Endowments)
g2	Land and Buildings(see notes re Insurance value)	1,011,063		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

f5 Include only CFB Funds held at Trustees for Methodist Church Purposes

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

2015 Circuit R and P.xls

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Name of cIrlt- Bodmin. Padstow & Wadebridge No 12108 Declarations and Scrutiny I confimi Ihatthese Receipt and Payment based accounts forthe yearto 31 August2022 have been prepared from the rgwrds ofthe Circuitand thatthey indude all fvnds under the control of the Circuit meeting. SignabJre oftreasurer....... 2L Name and addross oftreasurer.... . Peter Howood 17 William Wood House. Corte Spry. Tnjro. TR12GE Pr•s•ntatk)n to th• Clrcull m••tl I confimi Ihat the annual report and a¢Unts for the year ended 31 August 2022 wore presented to the Clrcult meelng held on 14 Sept 2022 signare ofth8 Chairofthe meeting Name ofthe Chairoflhe meets'ng )[[ Rev Loraine Mellor Dot•l4> k22 Independent Examlnerfs Report to the Trustees of the 8odmln. Padstow & Wadebrldge Clrcult Charty Numbor 1153871 R•spon$lbilitl• and basis ol r•port I rèport to the trustees on my examination of the aco)unts ofthe Bodmin. Padslow & Wadebridge cirJ1t for Ihe year ended 31 August 2022 set out on pages 110 S. As Ihe Cirujlvs trustees. you are responsible for the preparation of the accounts in accordance with the requirernents ofthe Chariti9s Act 2011 ('the Act'l. I report in respect of my examination of Ihe Circuivs accounts carried out und8r seclion 145 of Ihe Act and. in carrying out my examination. I have followed all Ihe applicable Direclions given by the Charity Commission under secbon 145151(b) of Ihe Act ' delete orarcle as appropriaie 3)15 CArpilR PJI

Name ofcircuit.... Bodmin. Padstow & Wadebridge 12108 Indgpondent Examinor's Stalemont I have complet8d my examination. I conffim Ihat no material matters have come to my attènts'on in connection with the examination ( "I which give me cause to believe that in. any mat8rlal respect: th8 accounting records w8r8 not k8Pt in accordance with section 130 ofthe Act.. or the accounts do not accord with the account'ng records. I have no Concerns and have c#)me across no other matters in c%)nneclion with Ihe examlnation to which attenbon should be drawn in this report in orderto enable a proper understanding ofthe a¢Unts to be reachèd. I havellw* obtained independent verification of all investrnents with the Trustees for Methodist Church Purposes or held in othertrusts, bank balances and fvnds atthe Central Financ8 Board ofth8 Melhodist Church which are individually in excess of£10.000 (ten thousand pounds) at the balance sheet dat8. Slgnalure ofindependentexaminer Name ofind8p8nd8ntexamlner R81evant profosslonal qualification of independent examiner £.A...B.CCQ¢a.trn..¢.i..Wic Name offimi {where appropriats) ..8r....Eev...Ff.C.: Address Postcode delete or cirde as appropriate Sep-22

2022-08-31-accounts

Trustees’ Annual Report for the period

Charity registration number: 1153871

Objectives and Activities

Achievements and Performance

Financial Review

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

Structure, Governance and Management

Reference and Administrative details

Names of the charity trustees who manage the charity

Director name

Funds held as custodian trustees on behalf of others

Additional information (optional)

Names and addresses of advisers (Optional information)

Exemptions from disclosure

Other optional information

THE METHODIST CHURCH

STANDARD FORM OF ACCOUNTS

Bodmin, Padstow & Wadebridge

FOR THE YEAR ENDED 31 AUGUST 2022

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

Circuit Stewards:

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

SECTION F

STATEMENT OF ASSETS AND LIABILITIES