## **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 SFA 2023.xlsx 1 of 1 **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 1 of 1 **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 1 of 1 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 ac￿Unts 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 Inde￿nd￿nt 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(CoJ•x