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Trustees’ Annual Report for the period
From 1 Sept 2022 Period start date To 31 Aug 2023 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 10 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 10 caring communities and supporting charities. Each of our 10 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 | 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 volunteer minister, non-stipendiary ministers, Circuit Manager and the lay workers. 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 |
|---|---|---|
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against | Para 1.41 |
|---|---|
| objectives set |
Performance of fundraising activities against objectives Para 1.41 set Investment performance Para 1.41 against objectives 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 Para 1.47 any fundraising)
| 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 |
| Related Parties |
| Relationship with any related parties |
Para 1.51 | - 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
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Rev Loraine Mellor | Superintendent Presbyter (Acting) |
1/9/22 – 1/8/23 | 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 behalfthe assets are held and how this falls wthin the custodian charity's object$ Delails of arrangements for safe custody and segregation of such assets from Ihe charlty's own assets Additional Inforniatlon loptlonal) Names and addresses of advlsers Ioptlonal Infomiatlon) Type of Namo Address advlser Nam• of chl•f executlv• or name8 of senlor staff membors {Opllonal Inforniatlon) Exemptlons from dlsclosure Reason for non41sdo$ure of ke ersonn81 d8talls Other o tlonal information Declarations Th• tru•t••8 d•clare thal th•y have approved tho trust008' report abovo. Slgned on behalf of th• charity's trustees Slgnaturo18) Full name{s) Posltion (eg Secretary. Chalr, etcl Revd Simon Clarte Chair IAGting) Data 22 May 2024
CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS
THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS
Bodmin, Padstow & Wadebridge
Circuit
FOR THE YEAR ENDED 31 August 2023
| 31 August 2023 | ||
|---|---|---|
| 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 Loraine Mellor
Circuit Stewards:
Mr Andrew Jenkins
Treasurer:
Mr Peter Hosegood
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20ACCOUNTS FOR THE YEAR ENDED 31 August 2023
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 |
£ 85,708 1,196 65,000 96,552 Totals this year |
£ 85,708 1,196 65,000 96,552 Totals this year |
£ 83,831 1,379 21,000 24,182 130,392 37,423 50,592 16,818 29,419 7,753 51,087 193,092 (62,700) 372,345 309,645 Totals last year |
£ 83,831 1,379 21,000 24,182 130,392 37,423 50,592 16,818 29,419 7,753 51,087 193,092 (62,700) 372,345 309,645 Totals last year |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| a1 | RECEIPTS | Note | ||||||||
| a2 | Assessment/Share | 85,708 | 85,708 | 83,831 | ||||||
| a3 | Capital receipts | |||||||||
| a4 | Bank and CFB interest and Investment income |
1,196 | 1,196 | 1,379 | ||||||
| a5 | Grants | 65,000 | 65,000 | 21,000 | ||||||
| a6 | Other receipts | 96,552 | 96,552 | 24,182 | ||||||
| a7 | TOTAL RECEIPTS | 248,456 | **248,456 ** | (a8) | 130,392 | |||||
| SECTION B | 33,735 93,014 27,090 25,960 26,688 |
|||||||||
| b1 | PAYMENTS | |||||||||
| b2 | Stipends, salaries, NIC, Pension and travel costs |
33,735 | 33,735 | 37,423 | ||||||
| b3 | Manse Costs | 93,014 | 93,014 | 50,592 | ||||||
| b4 | Administration etc | 27,090 | 27,090 | 16,818 | ||||||
| b5 | District Assessment | 25,960 | 25,960 | 29,419 | ||||||
| b6 | Grants & donations | |||||||||
| b7 | 7,753 | |||||||||
| b8 | Otherpayments | 26,688 | 26,688 | 51,087 | ||||||
| b9 | TOTAL PAYMENTS | 206,487 | **206,487 ** | (b9) | 193,092 | |||||
| 41,969 | ||||||||||
| SECTION C | ||||||||||
| c1 | NET RECEIPTS/PAYMENTS FOR THE YEAR |
(a7-b9) | 41,969 | 41,969 | ||||||
| c2 | Total funds brought forward from last year | 309,645 | (c6) | 372,345 | ||||||
| 351,614 | ||||||||||
| c3 | Sub total (c1+c2) |
41,969 | 351,614 | |||||||
| c4 | Transfers and adjustments | (c7) | ||||||||
| c5 | TOTAL FUNDS AT END OF YEAR (c3+c4) |
41,969 | **351,614 ** | (c8) | **309,645 ** | (c6) |
| SECTION D | |||
|---|---|---|---|
| d | FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS (these amounts should not be included intotal receipts/payments above) Offerings/Gifts -passed to external organisations BALANCE STILL TO BE PAID (d1 + d2 - d3) Offerings/Gifts- receivedforexternalorganisations Balance broughtforwardfrom last year |
||
| 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) |
SFA 2023.xlsx
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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 2023 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) | 309,645 | (c6) | 351,614 | (c8) | |
| e10 | TOTAL CASH FUNDS HELD BY CIRCUIT |
**309,645 ** | (x) | **351,614 ** | (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 2023 | OPENING BALANCES |
CLOSING BALANCES |
||||
| f1 | Cash in hand | |||||
| f2 | Bank Current Account | 11,852 | 142,112 | |||
| f3 | Bank Deposit Account | 5,172 | 4,277 | |||
| f4 | Central Finance Board | 35,823 | 58,021 | |||
| f5 | Trustees for Methodist Church Purposes | 254,323 | ||||
| f6 | Other funds | |||||
| f7 | SUB TOTAL | **307,170 ** | (c6) | 204,410 | (c8) | |
| f8 | Total funds held by Internal Organisations (the closing balance totals above) (e12) |
(e11) | (e12) | |||
| f9 | TOTAL CASH FUNDS HELD BY CIRCUIT | 307,170 | (x) | 204,410 | (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 2022 | 31 August 2023 | ||||
| g1 | Investments(include Endowments) | |||||
| g2 | Land and Buildings(see notes re Insurance value) | |||||
| 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)
SFA 2023.xlsx
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Name of Circuit- Bodmin. Padstow & Wadebridge ...... No 12ffj8 Declarations and Scrutiny I confimi thatthese Receiptand Paymentbased ac(¥Junts brthe year to 31 August 2023 have been prepared from the records of the Circuit and Ihat they indude all funds under Ihe control of the Circuit m&eting. Signatyre oftrèasur8r...... Datè... rJ2 Name and address of treasurer......... Peier Hosegood 17 William Wood House. Corte Spry. Truro TR12GE Pr•s•ntallon to tho C*cult m••tl I confimi thalthe annual report and accounts for the yearended 31 Augu8t2023 wero presented to Ihe Circult moetsng held on 19th Sopt 2023 Signatrjre olthe Chairofthe m8etsng Name ofthe Chalrof the meeting . Rev Nichola Jones Indop•ndont Examlnerfs Report to the Trusteos of the Bodmln, Padstow and Wadebrfdgo Clrcutt Charlty Nwnb•r 1153871 R•8pon8lblllth8 and bas1¥ of r•wt I reportlo Ihe trustses on myexamlnation ofth8 accounts ofthe Bodmin, Padstow & Wadebridge Circuittor the yearended 31 August 2023 setoul on pages 1 to 5 As the Circui¥s trustees, you ar8 responsible for the preparation oflhe acUnts in accordance with th8 requirements oflhe Charities Act 2011 {'the Act'l. I report in respect ofmy examination ofthe Circuifs accounts carried out under section 145 ofthe Actand, in carrying outmy examination. I have followed all the appli(¥ble Diredions given by Ihe Charity Commission under section 145{5){b) of the ACL . delete or ¢ir¢le as appropriale AJ2JAsA Ic11
Name of CircuiL.. Bodmin. Padstow & Wadebridge No 12KI8
Indendnt Examlmr's Stat•m•nt
I have completed my examination. I confimi that no material matters hav8 LX)me lo my attention in
conneclton with thè examination (otherthan thatdisdosod below.) whith give m8 caus8 to believe Ihat In,
any material respect.
e accounllng records were not kept in accordap.ce with s8clion 130 of the Acc or
Ihe accounts do nol accord with Ihe accounting records.
I have no conc8ms and have come across no other matt8rs In connecllon wlth the examinatlon to which
attents'on should be drawn in this report in orderto enable a proper understanding ofthe accounts to be
reached.
I hav8lb•¥vrf oblalned Independentvedficalon of all Inveslments wlth the Trustees for M8thodlst
Church Purposes or held in othertrusts. bank balances and funds atthe Central Finance Board oflhg
Methodist Church which are individually in excess of £10.000 (ten thousand pounds) at Ihe balance sheet
dale.
Signature of independent examiner
Name ofin¢op8nd8ntexaminor
Relevant profosslonal quallllcallon of Ind8pendent 8xamin8r
Name offimi {whef8 appropriale) .. .T.....tyj. A(Co