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
k*sAW*
Church Trta5w•r

The rnanagwe tntstees in pre5fjnti￿ their re￿rt and the fina￿1￿1
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 ye*￿7th red￿ tncnrne frorn regularet¥1￿ ond an
xtratyoinary proiectof wryntkJ*s to paYfr￿. We ha* rernained Or￿M￿￿cOnd hopeful
tlbwh. a5 ￿ have ccffitinuedto W￿ktwrd Duf COEe objectives Dfbesng a thurch
family celebratiret￿U￿o￿itr0fial 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 É*ternal ￿r$ of the
buildin&
The1etiir¢ income rektes io the hire ol the dmwth. hall rocffis to v*tol￿grOupS Iri
the community.
In 2022123 5wyfi(ant g￿t Thxorne rereiwl from the (SrEuKt tty•wds the
renOvatiL￿/￿e¥IaCemeTrt of thurth wsnd
During the y totsl re￿ed was £361.03312022: £232.1941. indvding #raTht5
of E156.7ZI for the win(￿. rn1￿1￿ 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$5e55rnt paid to the Penrtth fjroji This Wrtoimts to
1&4%12022: 25.1%} of our to￿ (x)st The assessmert has irfreased by 6.1%
A significant arnr￿rrt of the Qrojit a￿essmerrt i5 to pa¥ the Oi%trfa asses5rnenL
stipends and rdated costs to Ministers.
The other expenditure Ir￿deS salarw utittite8 •Jrninstration and gÈneral
mainknaiKÈ. Repaits h¥4e induted tenovat•)nlfeplacement, repairs to thB
south elevatiC￿ gat4e. heati￿ arxl pluM￿.￿g repair% etecLTical testin& bliThS5,
decoratin& in$da￿n ar￿ variou5 eqUprn￿rt repair
We also rnanyd to m*e maiar on prc￿rty 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,
gi￿￿8 just over Trine month's for exr*nthtwe. the LI￿gnated 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 Da￿on 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 h￿ting. 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 eXpendi￿re.

Thelh•W5 ann￿ Teportand accouTrtsforthe ￿[ended 31 2023 havebeeTr
prepared accrydan￿￿IIh the Charitse5 Att ￿11 and the ChariliEs Statementof
XecommÉnded Pra(kn￿ 1019 asapWica￿t0the RewrtinE 5taThlard
102IFIIS1021.
Full Name of Ch•TIChurth.. Perwtth method￿chI￿￿ latso *nown as P
Datsof re8r5tra*￿L. IJan￿ryI
CM17QY
b¥ng made up oFthurrh offi£Èhokn4 KfrM5tErand appoittied bythethurthat
theAnnv41 Genernl Meetin&
Full ￿ of Churct* counc￿ ¢theTnJst*5l•¥J *oT wJbJyee5areslw as A
tothvA rewrL
Treasurer. C Hukn4 Mrs Mct*thol
InvestsmaitBanker5: Centnl ofthe Method￿<￿¥T￿
T￿￿ee% 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￿ ourre5p0￿bl1rtV 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 St￿dar& and thsapline of The
Methodist Church.
bl Ary chatitable for the beir* of any Qjnnexional. Distrrt CJroJi loral
or 0ther0rrdn￿*10n 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￿$￿
The or%anisatton and re5ourang uf rEwJlar pthlic actsolwuship open to rnembers of thÈ church
and nor members alike.
The teathinB of christian1tythro￿h sermrn5. courses arKI STnall groups.
The resourang of past¢)ral wth* indudin8visiting the &ck and I￿￿a￿al.
Taking ieliyous assemblies in local 5dLOO
Promotion otChristiaThty thro￿ the stsginE of everts ar*J seNce&
Provision of cha￿aIN£ySeThr￿ to kKal sdyM>k. care homes and other instittstionsasawupriate
and wthen ￿￿e.
Pubfic BeDefft
We conffrm the Trusree5 hauE had reeardto the (fvrity C£thmiyion'$ 8uid¥ce on put1ic￿nefft.
The governiredoojment for the thur¢li ts the Deed otUnion119321 and M*hodisr Churth
119761
Detailed 8over*ance wrangementsare oudir*d within the ConAituknal Practi￿ and.Dwpline of
the Methodist Churth by order of the annual c(￿fer￿￿ ICPDI.
Dayto day rnanzg￿ent ofthe thyrch ￿ uThlertakon thethurrh Leaderslmptearn along vrrith the
Minisrer.
Tr*Trustees are appdnted atthe AGM ofthe thurth.

The Churth ts p¥t ofthe Peniith a￿lt￿li￿ ￿ wt of (lun￿la District 15
rktsswald andA15ton Moor cYoJitpir*d to beoynethe Eastojmbrta (ircuiLI

HiskMana8ernent
The mas0¥ r￿kS have teen identified and recordegl b¥the T1￿wIth wofes•onal advice taken as req￿re& 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 ba5￿t0 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 Chr￿l Among other thin￿ thts
implies r7 duty to volue ollwpkos betsTnthJ the irryrf&ydondthwefvreto m)tectttt*nfrom horm.
Methodist Connexional pr3Ctite outlines C￿MilrnenltO 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 at*Alts when they are vulfterable
• the estsbIishi￿ of safe. tafing communttie5 whKh prtiN*Je a lovry enviro*m@nt Whe￿ th￿e ￿ informed
viwlarKÈ as tu the dangews of abuse.
. We w411 CarefvI￿ S￿￿t 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 ￿tth￿rt delay to ewy wrnplaint rnade %thith suggests that an adult, chdd OT YOLWle
pErson May have been harmed, cooperatingwith ￿ polxeand lucal a￿th￿lty in any in¥esti8ation.
* We wll seek to workwtth anyor* who has suffered atr￿e. 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 k*rson
wlnerat4e adult
• In all these ￿napleS wè*ill folowJ¥dai￿. arKI rÈctwwsed pTrcdc
The Penrith Ctwjrch cornmts Trtse￿to e[￿￿1￿1** tm*mentatyon ￿C(￿r￿f￿al 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 ￿knO￿ay 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(A￿d ￿ suffiaeAt to meet any
unfofeseen item of major expenrfrtuie on the chuTch building l orto be at4e to tt*ntinue. in the 5hortteYm,
funding pknned acEi¥ities in the event of any ￿￿ts11￿ ￿ fai5e thefull expenses indudingthe a$s￿ment payable to
the CirruiL
The Oesignated fvjnds are thosè retei¥*d and desi￿ted oh speofjc projects. To date d￿8ftated (￿d$ are
held to cover Per¢iith ￿l￿on Aradpmy. the Chaplairryfund. KKlsAlive. ljbrary alterations. Ycwrth and Community
Outreach.

fvnds have been used f¢rthe refurt#5hment of the hall and kitchen. the Ir￿allatIon of a lift and forspetifK
furnishing& tlonations yants held h￿e been specificahl received tofvTrlt￿ Eden Debt Cetrtte and will be used
lo cover costs arising irLluding emp￿Thent 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 sp￿e. and t(Avarf5 OPerti￿ a H0tsdayActs￿les and Food prceramrne.
Endovmientfunds are invested vrith theTntsteesfor Methodi5tQwrth I￿rpIr*S 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 CowLcII5e￿e a5 N•anwngTnrtees and a5suth I￿4 the obl￿tIonS laid
upon thern by (harty law. This reguwes the managlky trustees to prepare finanaal statementsfor each
fin*)cial ywthatyve a tn* aThJfairview ofihe f￿a￿al 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 ju*ementsand 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 toop*at
The marwgtnJ5tees ave reSp)r￿lt4effor keepfng prcw accountl¥recorEtstt￿ atanytime disd05e w¥th
Teasonable accuracythe fina￿al ptshion i¥FthÈchurth. Suth remr(ts must enable them to ensure that the
ffnanu¥ $￿ernents comply wtth the CharitiesAtt2011 aThJ the ljojrch IAt(w)ts a¥rfi RÈportsl Regulation$
2￿8. The trustees aye also 1P5PDnsib￿f0I *rding the ofthe thurth and he￿efor
tskins reasonable 5tepsfrythe prevention and det**1￿ of Iraud and Oth￿ rrregulaTilie
A resolutlonto appoint ArfI￿r01* Watson A￿rrt iRnfted a5 Irmle￿￿ent F￿ni￿Tf0rthe 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>eha￿bv.
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
$16
6 &3nts
7 lTrtsmal
8 OthwthBrlts￿e
gTOtal Incom
121.097
434T
40￿66
325409
8.347
IZ17
11&907
Expendrture
6ll.860
*5
96.194
2B.744
3.029
57.6
34,In
36,918
5.81U
331.383
11 GTants8nddDn*
12 Prupwty mBWltenwi
6.St6
14.ml
28.744
10
1,120
19.665
1.446
15,417
15 Sala
17 O*wewdd
21.061
510
119JS0
20 Ga￿￿(￿￿$) on rnonetyryiThT*rAr
Z1 Gkn51lhJssBs1 ￿ iTwestrr￿l prop￿1￿$
21 Nal f￿0￿￿(9XPOn1￿Jrq>
¥2 TraDsfeTs b8tk¥• frjr
23 Otherga￿*(fassttI
-11974
-172
-11.870
-t81
-14155
9.915
2B1M1
9.9fj6 267￿56
1.707
4Q43
71314
25Tot*fiJfids bwDuihtforward
26TcthifthwJsarri•dfwward
18Q408
8211

Penrtth Church
oy/
Statement of Flnanclal Actfvit*s (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 Gr*its
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£ &xp8r*es
10
lQ45
1fi854
27.398
1,17T
2B.5rs
18 Inter￿al OT5￿L￿1*
19 Total ¢harftablo expvmlltu
4.911
711.133
4918
0 250A
21 Gair%lOOss￿I ￿ investiW prot*U&s
21 Notincor￿lI0xP￿dI1Ur2￿
22TranSfe￿ beh¥eeTrfund5
Z3 Other ￿l￿(k>s￿e5)
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•
I6￿5
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
4￿986 32.909

Owrth Countsl
425
Na￿re01the eyr￿$
PayffftntoffeesforPAsystth115UPwtoras￿£L
Totsl imourtpml
42S
The Pknie¢r a￿d ￿pastOr￿ ern*d Clwrth
l310
9.
Grn w4ge5. Sa￿¢$ and b0￿r￿s +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 lo￿te￿i irNesknents.
TMCP 6$ tre te8al ¢)wner and CustDthn Trustte of all Methothst Mothl Tr￿t pro￿. lrtluding Le£acie5.
End(￿rnents and AcoJrnuL*ed Fund& Trustpfoperty i% hdd f￿ aThJ on behall of local ManaEingTrusrÈes who
are responybleforthe dayto daymanagernert oftrustprwry. Tm￿ er￿￿e thal thr(Mqh pro¥i¢fin8
8uidarKe and actinguThder their direcbory thÈ ktsrw8ingTr￿teeS£0MplY1￿*h charity law and Methojist law
and polity as determined by MethothtC￿*rrer￿e.
Carryi￿% lrnaTketl value at beW.￿lir¥ of ￿81
49.279
Add: athlitrons to inVestn￿ts 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
Accn*d income
9.167
io.o(xJ
Othe* debtrAs
6.447
6,207
Total debtvrsand prePAy￿￿ts
JE prepoyments. acCr￿d irKarne and rther debtors rekned to ￿restriCted funds
both 2023 4nd 2022.
32￿29
33.422
An4y¥isof ¢ath*t 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 FirK￿Ce Baard accountsare vnrE51ritiEd ￿0,4?9(2022. £90WI. desyèted
£1.47012022.. £1.4701 and re5trKted E929312022: E9.293
OtherCredttL#5
4,801
Totsl cur￿ntil￿￿l1lIftS
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 cOntin￿tIlabl1lties were hlentified ot 3ts1 ALy& 2023

?4L
.1
?S5
*JJ5

Tarvjib
frAed
net
T•t¥
Yearto31 W2
Urne5trxted fUr￿S
DeY￿at￿d1vnd5
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 mcl11c￿l
Mrj Summews
Mr MTebb.Rw'
Mrs A W*ker
FEGUARDING CThCER
MrsA 8lrketi
CHURCH REPRESEMfAT]VE5
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Mrs S Grnhaffl
Mrc Hulme
Mr5A MacDonakl
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Mrs N Thornton
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KEY LAY WORKERS
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