Church A¢¢ruals Accounts 2022.2023 THE METhODIST CHURCH TEMPLATE REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2023 Penrith Church Penrith Ctrcutt No 09109 Minister H Bru¢ trG Frost MrMT8b ksAW Church Trta5w•r
The rnanagwe tntstees in pre5fjnti their rert and the fina11 swements ofthe churth forthe yearended 31 Awst2023. Aim5 arvj orzattisatlon Affimir our faith in Gthl. Father. Son aTKI Holy w.rii our nNssion 15 to make Je5YS knoY#n as Saviour and Lord by WQTd and thrtyjgh meaningful ¥shIp, Servi and outreth. in and ar{ Pemith and recwi5iJ our re4w)nsibilrty withrnthe workl and the world thtsr 2022123 has agatn been a &rffKulr ye7th red tncnrne frorn regularet¥1 ond an xtratyoinary proiectof wryntkJs to paYfr. We ha rernained OrMcOnd hopeful tlbwh. a5 have ccffitinuedto Wktwrd Duf COEe objectives Dfbesng a thurch family celebratiretUoitr0fial love of God asfourwj inJe5L4 seektngto share that love vthh i)ur communlry. We haNE continuedto reath outtotyjr tcffimunity witb the me554ee that all are omed, valued and induded Churth incom¢ 15 Primal thawn from rni1ect •d Gift aid tax ryedlL donations and lettsW5 Wscome patd the CLwepkn and Éternal r$ of the buildin& The1etiir¢ income rektes io the hire ol the dmwth. hall rocffis to vtolgrOupS Iri the community. In 2022123 5wyfi(ant gt Thxorne rereiwl from the (SrEuKt tty•wds the renOvatiL/e¥IaCemeTrt of thurth wsnd During the y totsl reed was £361.03312022: £232.1941. indvding #raTht5 of E156.7ZI for the win(. rn11 pic. Eden Debt Centre. Hofiday Activiiie5 and Focd. and Warm SpaEe512021. f18.IIX)ftx poneer aTxI Eden Debt Centrel. A major cost i4 in relationto the a$5e55rnt paid to the Penrtth fjroji This Wrtoimts to 1&4%12022: 25.1%} of our to (x)st The assessmert has irfreased by 6.1% A significant arnrrrt of the Qrojit aessmerrt i5 to pa¥ the Oi%trfa asses5rnenL stipends and rdated costs to Ministers. The other expenditure IrdeS salarw utittite8 •Jrninstration and gÈneral mainknaiKÈ. Repaits h¥4e induted tenovat•)nlfeplacement, repairs to thB south elevatiC gat4e. heati arxl pluM.g repair% etecLTical testin& bliThS5, decoratin& in$dan ar variou5 eqUprnrt repair We also rnanyd to me maiar on prcrty W reduarc Èxpendrrw Vs budget by o¥er£17,(KO.
Fur•J bal•n As at 31 Awl 2023 thÈ unresthrted net current assets of the Chwch were £180.408, gi8 just over Trine month's for exr*nthtwe. the LIgnated net awrent assets re £8.211 for Youth fvr. PAi$sic Acadeffly. Chaplaincy. d$ and library aknratton5. and the re#ricred net ojrrent assets were £69.271. whth are tijr Eden Oebt Centre. Jean Daon outreath and youth WDrk. the Benevolent Fund. vAndLV renovationslreplacernent. Warni Spate5 Hdiday Actiwties aTrJ Fc4)d wograrnrne. Phhsfèr 20 24 We are committed to IT a5 a thjrth family - seEkn to be more Christ-llke. and 8rown8a5 folkJweE5 of Jesu& We r4edge to be tharu5 of the goodness and love of God wtsth othws - 50 they get io kn¥ tt to(1 - eypecialty seeking to help those who are vulnerabJ4 m&rginJised opprtssed or hting. We want to be a safe Whe 1 are wekomed, valued and induded infvll partKipation of wr frfe tfwher. Tecrgivin& Wewll keep a c8refiJl management olour eXpendire.
Thelh•W5 ann Teportand accouTrtsforthe [ended 31 2023 havebeeTr prepared accrydanIIh the Charitse5 Att 11 and the ChariliEs Statementof XecommÉnded Pra(kn 1019 asapWicat0the RewrtinE 5taThlard 102IFIIS1021. Full Name of Ch•TIChurth.. Perwtth methodchI latso nown as P Datsof re8r5traL. IJanryI CM17QY b¥ng made up oFthurrh offi£Èhokn4 KfrM5tErand appoittied bythethurthat theAnnv41 Genernl Meetin& Full of Churct counc ¢theTnJst5l•¥J oT wJbJyee5areslw as A tothvA rewrL Treasurer. C Hukn4 Mrs Mctthol InvestsmaitBanker5: Centnl ofthe Method<¥T Tee% fDrMeththlistChurth Pur[% Bordays knk PLC
Charity objecti¥e is. in affirmir¥ tytsr faith in God, Father. Son and HCAV SpiriL to make Jesu5 know 4s Saviou¥ Lord by word ar¥J thTouth meaningfvl worship. 5er¥io and outrÈach, in and around enrrth and rEcognisIr ourre5p0bl1rtV withinthe worbj andthewtyld thjr The purposesof Metha(list Cfvjrch are and be deemed to ha been sin the DatèofUniunthE tharfementofr. al The thristian faith in accordan with the dortrinal Stdar& and thsapline of The Methodist Church. bl Ary chatitable for the beir of any Qjnnexional. Distrrt CJroJi loral or 0ther0rrdn10n of The Methodistchurch; cl Ary charitsble purpD5e for the lime bwng ot ary society or mstiwt>)n sthdkary or ancillarytoThe meth)rt (Jwch; dl Ary WTpose for the time beiry of any thoFity being a tharity 9Jbsithary or anallary toThe Methjdtst wLy5hiw God thr wayer. and other xts OfT$ The or%anisatton and re5ourang uf rEwJlar pthlic actsolwuship open to rnembers of thÈ church and nor members alike. The teathinB of christian1tythroh sermrn5. courses arKI STnall groups. The resourang of past¢)ral wth indudin8visiting the &ck and Iaal. Taking ieliyous assemblies in local 5dLOO Promotion otChristiaThty thro the stsginE of everts arJ seNce& Provision of chaaIN£ySeThr to kKal sdyM>k. care homes and other instittstionsasawupriate and wthen e. Pubfic BeDefft We conffrm the Trusree5 hauE had reeardto the (fvrity C£thmiyion'$ 8uid¥ce on put1icnefft. The governiredoojment for the thur¢li ts the Deed otUnion119321 and Mhodisr Churth 119761 Detailed 8overance wrangementsare oudird within the ConAituknal Practi and.Dwpline of the Methodist Churth by order of the annual c(fer ICPDI. Dayto day rnanzgent ofthe thyrch uThlertakon thethurrh Leaderslmptearn along vrrith the Minisrer. TrTrustees are appdnted atthe AGM ofthe thurth.
The Churth ts p¥t ofthe Peniith altli wt of (lunla District 15 rktsswald andA15ton Moor cYoJitpir*d to beoynethe Eastojmbrta (ircuiLI
HiskMana8ernent The mas0¥ rkS have teen identified and recordegl b¥the T1wIth wofes•onal advice taken as reqre& There is a regular annual review Pr Lmdertaken dThd recorded. Income and ExpÈAditure is being m¢$tOred in total and compared with the approved annual budget on a ha vearly ba5t0 detetttrÈnds as part Of the risk management processto avoid unforeseen ca115 on reserve5. Everyper50n hos o volue trnddigntywhKh comesdirECtlyfrom thÈtreutM of mule ondftnxFlein6¢rfs own imtsge ond lthertss. thrist¥ins see thi5POtentw1usfvlffl by Gorfsrtruartin ofus in Chrl Among other thin thts implies r7 duty to volue ollwpkos betsTnthJ the irryrf&ydondthwefvreto m)tecttttnfrom horm. Methodist Connexional pr3Ctite outlines CMilrnenltO thefoSlcJWlng prinoples". . the care and nurture of. and respectfvl past(xal rniniwwith, all (hildren. ywro peopseand adults • thesafeguardir and prrtection of all thldfÈn. young people and atAlts when they are vulfterable • the estsbIishi of safe. tafing communttie5 whKh prtiNJe a lovry envirom@nt Whe the informed viwlarKÈ as tu the dangews of abuse. . We w411 CarefvI St and tsain aH those wrth any rwrsibility wtthin the Clwrch. in fine wtth Safer Recruitmert priMWes. indu¢Jiti8 the use of uiminal record5 dtsdcfjffts and iewation with the reieu7nt vetting and barring schtme> . We will nispond tthrt delay to ewy wrnplaint rnade %thith suggests that an adult, chdd OT YOLWle pErson May have been harmed, cooperatingwith polxeand lucal athlty in any in¥esti8ation. * We wll seek to workwtth anyor who has suffered atre. debEtopiYEwth them an appropriate mwLiStry of inforrned pasrwal care. • We 11 seekto challenge any alw of yw)wer. e5peoallyby anyone in a posit oftrUSL We will seek to offer p3stLKal care and SUPPUTL indudtng sup2Thisirn and referr81 to the proper authorities, to any merTthtr ofwr thurth communhy known to ha¥e offerKled aÉainst a thild. young krson wlnerat4e adult • In all these napleS wèill folowJ¥dai. arKI rÈctwwsed pTrcdc The Penrith Ctwjrch cornmts Trtseto e[11 tmmentatyon C(rfal Safeguard¢ry Poticv: Eo¥erTrment le8islation. y¥darKe andsafe pracbce in the ¢iraotaNI in the thwth The Penrith Churth commits itselFtr the provision of wpport. adTrri and trainiretor and ¢ydained PEople that wlll ensure people are dear and confident akxKrt theirroles 3nd rEsponsibifrties in sawarding and promot¢ngthe wetfare of thtldren and addts knOay be ¥enble. The RÈserve5 Policvforthe thurth i5to hL4d as UnTestricedthJnds a sum equ¥alersttts SIK mcffiths. average expenditu¥e and to cover reasonakle anttcipated rnaintenano costs. This sh(Ad suffiaeAt to meet any unfofeseen item of major expenrfrtuie on the chuTch building l orto be at4e to ttntinue. in the 5hortteYm, funding pknned acEi¥ities in the event of any ts11 fai5e thefull expenses indudingthe a$sment payable to the CirruiL The Oesignated fvjnds are thosè retei¥*d and desited oh speofjc projects. To date d8ftated (d$ are held to cover Per¢iith lon Aradpmy. the Chaplairryfund. KKlsAlive. ljbrary alterations. Ycwrth and Community Outreach.
fvnds have been used f¢rthe refurt#5hment of the hall and kitchen. the IrallatIon of a lift and forspetifK furnishing& tlonations yants held he been specificahl received tofvTrlt Eden Debt Cetrtte and will be used lo cover costs arising irLluding empThent of the centre manager. and towards employrnentC05ts of the Misstonal Pioneer and Lay Pastor. Grants have also been received tofvnd the renovatiorLs/tepl¥tErneftt Llthe thurch ndows. to provide a Warm spe. and t(Avarf5 OPerti a H0tsdayActsles and Food prceramrne. Endovmientfunds are invested vrith theTntsteesfor Methodi5tQwrth IrpIrS foru5E in aLt¢Ydance.wth bequests recetved. Penrith Methodist Churth is held on the Mcxlel Ded of ihe Methc4Jist Churth and theretore the custodian trustees of the church are theTrustees for Meth)dst thurch Purpose5. Under the meth¢Xl Chwch Act 1976 the rnembev5 dthe Churth CowLcII5ee a5 N•anwngTnrtees and a5suth I4 the obltIonS laid upon thern by (harty law. This reguwes the managlky trustees to prepare finanaal statementsfor each fin)cial ywthatyve a tn aThJfairview ofihe faal stste of affaws of the churth indudinE anv 5urpluse5 and balan carried forward into a newfinancial year. In prepaiinEthese finanaalsiatementsthe managirytrustee5 are reqLNredto aknptapwprfatE arrounting pofides. as described in the Notes tothekn£Kurt¥ and applythem consi%tend¥. ob5etNethe methods and prfnoples in the Charities SORP. makiry juementsand e5tirnatesthat are Ix7th pyudent and Tedsonable. The manaynttrustees rnusr etso preparethefM6nti statements on the going contem t4sis th)less it is Inappropriateto presumethat the thuTth will CLmtinue toopat The marwgtnJ5tees ave reSp)rlt4effor keepfng prcw accountl¥recorEtstt atanytime disd05e w¥th Teasonable accuracythe finaal ptshion i¥FthÈchurth. Suth remr(ts must enable them to ensure that the ffnanu¥ $ernents comply wtth the CharitiesAtt2011 aThJ the ljojrch IAt(w)ts a¥rfi RÈportsl Regulation$ 28. The trustees aye also 1P5PDnsibf0I rding the ofthe thurth and heefor tskins reasonable 5tepsfrythe prevention and det*1 of Iraud and Oth rrregulaTilie A resolutlonto appoint ArfIr01 Watson Arrt iRnfted a5 Irmleent FniTf0rthe ensuingyear wtu be proposed atthe thjrth CDunc6 Meetingin accordan wth the (harities ACÈ 2011. Penrith Methodist thurth Wordsvwrth Street Penfith Curnbria CAII 7QY Approved bythe managing Irustees on and wed oThthew t>ehabv. 2024 Rev. rim Cooke MI$ter
P8nrth Churth CJwJrth ND 09109 statement of Flnancial Activitses (SOFA) for the year ended 31 August 2023 Income I ONewgs 2 Dona(rt and fegams 3 C&ft•d 14.224 20.716 1217 20.987 37J28 042 $16 6 &3nts 7 lTrtsmal 8 OthwthBrltse gTOtal Incom 121.097 434T 4066 325409 8.347 IZ17 11&907 Expendrture 6ll.860 5 96.194 2B.744 3.029 57.6 34,In 36,918 5.81U 331.383 11 GTants8nddDn 12 Prupwty mBWltenwi 6.St6 14.ml 28.744 10 1,120 19.665 1.446 15,417 15 Sala 17 Owewdd 21.061 510 119JS0 20 Ga($) on rnonetyryiThTrAr Z1 Gkn51lhJssBs1 iTwestrrl prop1$ 21 Nal f0(9XPOn1Jrq> ¥2 TraDsfeTs b8tk¥• frjr 23 Otherga(fassttI -11974 -172 -11.870 -t81 -14155 9.915 2B1M1 9.9fj6 26756 1.707 4Q43 71314 25TotfiJfids bwDuihtforward 26TcthifthwJsarri•dfwward 18Q408 8211
Penrtth Church oy/ Statement of Flnanclal Actfvits (SOFA) far the year ended 31 August 2022 Incon 1 ti 2 Donati ies 3 GrfiaKJ 100.E 11717 24365 1122 21.7 17 651 6 Grits 18.1LK 23,531 10,160 32.909 4 231194 10.1 g Toial illGome 184905 43.163 Expenditur& 64.916 6.474 43233 64916 6.474 43233 11 Graits3 donati 12 PrDpetyrnairtw(e 13 In5UtarKe,utilttEs 14 DeptW3atio 15 $819ries 16 ¢Jffir£ &xp8res 10 lQ45 1fi854 27.398 1,17T 2B.5rs 18 Interal OT5L1 19 Total ¢harftablo expvmlltu 4.911 711.133 4918 0 250A 21 Gair%lOOssI investiW protU&s 21 NotincorlI0xPdI1Ur2 22TranSfe beh¥eeTrfund5 Z3 Other l(k>se5) l1r 4180 4 46282 -271 -14 485 -10 4q567 9.925 307.578 9.915 281.011 1121 4.382 J4 4180 76,491 T2,314 25 Total funds brought FoThfftafd 26 Totsl fvnd5 t*rrtedfDroAwd 216.7TI
Perw•th Ch¥ 8alanco Sheet as at 31 August 2023 Fwdj 11.yl ¥1 72 44.745 101.817 101.152 741 171JZi T65 .D11 6504 •92 .¥t4 i¥ 7x1011 31
VAT
2021 To¢al Tots5 Donations Legacie5 13.724 2.217 20.987 36.928 34,625 37J2• I65 Total Central Finan Board 3,105 l)thet 1.511 Totsl 4.616 In 2022 all income was tswe5tricted withtheexcetrt¥on of £4 on an and £17 on an Eden Debt Centre account 3.105 1.425 445 86 206 651 2022 TDtsI Total Special events LetbnEs Phc4ocopying ircL EquiweTht hire Fees.**th1r%. Magr 533 37595 533 37.595 269 180 2.265 144 26,C 201 80 117 3,517 4986 32.909
Owrth Countsl 425 Nare01the eyr$ PayffftntoffeesforPAsystth115UPwtoras£L Totsl imourtpml 42S The Pknie¢r ad pastOr ern*d Clwrth l310 9. Grn w4ge5. Sa¢$ and b0rs +JTr 5L440 43,538 Emplv4e¢s NatiDnil In5uraKewsts 1925 214 L013 rt)tsl sraff 57,647
11 11 11 11 11 JJ 11 yi 11 11111151 Jiiiii 11 1111
ThefiJnd5 that gJppwttsEvariou5 fun& are hEld TIKP In Tru5tee5 Interest Funds which Interest is tredbted tothE accounts eath mortk Th&e are reeaf&d as rnethum aKI lotei irNesknents. TMCP 6$ tre te8al ¢)wner and CustDthn Trustte of all Methothst Mothl Trt pro. lrtluding Le£acie5. End(rnents and AcoJrnuLed Fund& Trustpfoperty i% hdd f aThJ on behall of local ManaEingTrusrÈes who are responybleforthe dayto daymanagernert oftrustprwry. Tm ere thal thr(Mqh pro¥i¢fin8 8uidarKe and actinguThder their direcbory thÈ ktsrw8ingTrteeS£0MplY1h charity law and Methojist law and polity as determined by MethothtC*rrere. Carryi% lrnaTketl value at beW.lir¥ of 81 49.279 Add: athlitrons to inVestnts atcost less: (fisp05als at carryingvalue Ner Eainlllossl on re¥aluatyon Cairying Imarketl v8Jue at efid of yeai 11811 1285 48.998 Investments at markei [e comprtsed.. Trustees Interest Fund B Managed Mixed Fund 44,805 4.072 44.745 4,253
Pre paid assessments 17215 17.215 Accnd income 9.167 io.o(xJ Othe debtrAs 6.447 6,207 Total debtvrsand prePAyts JE prepoyments. acCrd irKarne and rther debtors rekned to restriCted funds both 2023 4nd 2022. 3229 33.422 An4y¥isof ¢atht bank Bank balance held in Barclays Bank PLC 65.06J Bank bJlarKe held in CAF 8ankitd 11154 6,953 Bat)k bal•ncE held by lrternal 1.765 2.239 Cath balances held tylTrtrrn 3556 3.434 T•tal cathar Bank 7q383 77.687 Cash at ban batatKe5weTe a5 follo. unrestrKtedfvnds .1513022." £20,611]. deslgnatedfunds£6.74112022". £5,(841 and restricted fulldsE76.64712022.. £52.0421. Centi•l FirKCe Baard accountsare vnrE51ritiEd 0,4?9(2022. £90WI. desyèted £1.47012022.. £1.4701 and re5trKted E929312022: E9.293 OtherCredttL#5 4,801 Totsl curntill1lIftS 4.801 Of the ueditors £Nil relateto dEstgnated fund41202I- th41 £28 to restTKW fvnd$12022: £291. Atthe 31sEAueurt 2023 the thurch has ¢apitsl c£¥Y4*ithient No cOntintIlabl1lties were hlentified ot 3ts1 ALy& 2023
?4L .1 ?S5 *JJ5
Tarvjib frAed net T•t¥ Yearto31 W2 Urne5trxted fUrS DeYatd1vnd5 RE51rictedfvnds Endowrnertfimd5 IlJ41 38?11 130356 8.211 59.383 180. 8,211 69.Z71 9,966 267.8 9.966 4&871 197.950 Y4f kn 31 W2022 13,0 140.145 &504 61.306 192,278 Rettrided fund5 EndowmentfiJnd5 n.31 9,915 281.(lli 9.915 48,998 24M58 207.955
Aprendix A THE TRUSTEES CHURCH COUNaL MEMBERSHIP MINISTER R4¥T Cooke DER5HIP Mr5 H Brun5kll Mf G Frost Mrs mcl11cl Mrj Summews Mr MTebb.Rw' Mrs A W*ker FEGUARDING CThCER MrsA 8lrketi CHURCH REPRESEMfAT]VE5 M8EPSOFTHE CHLIRCH COVN RevG Beword Mrm Boone MrsT Caoke Mr G CO5 5 L Frvst Mrs S Grnhaffl Mrc Hulme Mr5A MacDonakl MT c5WIft Mrs N Thornton MrAWrtht KEY LAY WORKERS Mr MTeb&Rts8
DECLARATIONS l Ihal based thB Chjrth thattThtyuxbJda al ID8 cltr l ojnfm thatlhe arwvjal Trport vJ acuAmts hrthe W2tITd resj 10 th8 Chutth Ctrjrtl at on 2sIGIz Swna•JTrOf CIHTofth Nameofthe rAthe mEe& 24161 ZoL(f-
c•lhe Chwybe5 >&2011 2011 thrtion 145(SXbloltr YJ11 * exwvrAon. Thls rEPOrt FS 5•to the ¢h8tWs TnJes. a5 a Ixmty. (Aal RepNtsi Reyvtslcns 2L¥J& My h¥5 un¢w4en so IhaLI rtiyht $e tharivg R F¢CA DClkA