| Name ofchief executive or names ofsenior staff members (Optional information) |
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| ~ a |
~ ~ A ~ A |
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| Description ofthe charity's | trusts | |||
| Type ofgoverning document |
Deed of Union 1932and Methodist Church Act 1976 |
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| How the charity is constituted | Trust | |||
| Trustee selection methods | The Trustees are the members ofthe Church Council and are either ex-. offiico, elected annually by the general church meeting or appointed |
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| annually by the Church Council. |
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| Additional governance issues |
(Optiorfal information) |
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| You may choose to include | Penketh Methodist Church is part ofthe Sankey Valley Methodist |
Circuit | ||
| additional information, where relevant, about: |
The Church Council sets the Charity's strategy and monitors results at periodic meetings. |
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| ~ | policies and procedures adopted for the induction training oftrustees; |
and | The Church Council has established a Management Stewards Group that meets bi-monthly to focus on deploying and managing Church strategy and reviewing results. |
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| ~ | the charity*s organisational | |||
| structure and any wider network with which the charity |
The Church Council has appointed committees for the furtherance ofthe Charity's work in certain areas, i.e. Pastoral, Worship and Resources |
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| works; | ||||
| ~ | relationship with any related parties; |
The Church Council has appointed individuals to oversee Safeguarding and Health 8 Safety |
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| ~ | trustees' consideration of |
The Church Council have developed a Mission 8 Growth Plan (Oct18- |
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| major risks and the system | Oct23), which highlights a number ofgoats; for example, Mission, |
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| and procedures to manage |
Fellowship, Worship, Children 8 Youth and Community |
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| them. | ||||
| 0 ~ ~ ~ |
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| The purposes of the Methodist Church are and shall be deemed |
to have | |||
| been since the date ofthe union the advancement of:- |
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| (a) the Christian faith in accordance with the doctrinal standards |
and the | |||
| discipline ofthe Methodist Church; |
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| Summary ofthe objects ofthe |
(b) any charitable purpose for the time being of any connexional, |
district, | ||
| charity set out in its | circuit, local or other organisation ofthe Methodist Church; |
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| governing document |
(c) any charitable purpose for the time being ofany society or institution |
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| subsidiary or ancillary to the Methodist Church |
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| (d) any purpose for the time being of any charity being a charity | ||||
| subsidiary or ancillary to the Methodist Church |
| General Funds —The reserves policy for the General Fund has been reviewed |
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|---|---|---|---|---|
| Briefstatement ofthe |
following the impact ofCOVID on the 2020-2021 accounts and in determining |
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| charity's policy on reserves |
how much, as a Church, Penketh can continue to contribute to Assessment payments to the Circuit in 2021-2022. Although the guidance from the Methodist |
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| Church and The Charity Commission recommends holding six months (50%) |
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| total annual expenditure, new guidelines and requests from Sankey Valley |
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| Methodist Circuit has resulted in reserves at year end being no more than four |
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| and half months (37.5%)oftotal annual expenditure. This equates to f24,500 |
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| for Penketh. Church Council will review the policy annually. |
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| Restricted Funds —All funds in the Restricted Funds are for Lay Workers only. |
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| However, to meet any future severance costs in the event ofneeding to make |
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| Lay Workers redundant, the Restricted Fund reserves policy is calculated to |
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| cover (for all three Lay Workers) their three month notice period and redundancy | ||||
| costs (based on statutory redundancy calculations for each Lay Worker). For all |
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| three Lay Workers the total notice period costs, including pension, and |
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| redundancy payments are cE10,000. Church Council will review the policy |
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| annuall . |
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| Details ofany funds | materially | |||
| in | deficit | |||
| Further financial review details |
(Optional information) |
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| You may choose to additional information, relevant about: |
include where |
Overall Unrestricted Funds (which cover the day to day running ofthe Church 8 Community Centre) totals F33.?k, a significant 616.8k (29%)reduction year on year. This deficit is solely due to the impact ofCOVID. Due to a big uptake in online giving, our regular giving totalled f35.4k, only a4%drop year on year. |
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| the charity's principal |
However, our room lets income dropped by?2% year on year to E4.1k. |
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| sources offunds any fundraising); |
{including | Total expenditure was F58.1kfor the year, but only an 8%drop year on year (compared to 29%drop for income). Even though the building was closed, |
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| ~ | how expenditure | has | expenditure for utilities, insurance, H8S servicing and maintenance still needed |
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| supported the key |
objectives | to be incurred. | ||
| of the charity; | Overall Restricted Funds (which cover Lay Workers employed to deliver key |
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| ~ | investment policy |
and | Church objectives and outreach) total f34.2, which is a drop of8.4k year on |
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| objectives including ethical investment adopted. |
any policy |
year. This total funds also includes a E3.3k Circuit grant to expand the work of the lay workers. The fund now is running in deficit, with expenditure higher than income and a fund raising programme is required to sustain the Lay Workers beyond a couple ofyears. |
| FOR THE YEAR | ENDED | |||
|---|---|---|---|---|
| 31August 2021 | ||||
| Sankey | Valley | Circuit | Circuit no | 18I13 |
| Reverend | Mark Harwood | |||
|---|---|---|---|---|
| Church | Stewards: | |||
| John | Legg | Joe Royle | ||
| Margaret | Docherty | Dorothy Ditchfield | ||
| Treasurer: | ||||
| Mr Steve Devers |
| AC | COUNTS FORTHE YEAR ENDED | 31A | UGUST 2021 | Penketh | Penketh | INethOdISt | Church | |
|---|---|---|---|---|---|---|---|---|
| Restricted | Totals this | Totals last | ||||||
| SECTION A | Funds | I/ear | year | |||||
| RECEIPTS | ||||||||
| a2 | Offerings and Tax recovered | 35,364 | 11,450 | 49,326 | ||||
| Bank and CFBinterest and | ||||||||
| investment income |
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| Letbngs | 4,106 | 14,400 | ||||||
| Other receipts | 1,844 | 5,177 | S,05? | |||||
| TOTAL RECEIPTS | 14,821 | 56,'l85 (a7) | 73,177 | |||||
| SECTION B | ||||||||
| PAYIIENTS | ||||||||
| Circuit Assessment orShare |
34,650 | 34,850 | 39,825 | |||||
| b3 | Donations | 200 | 200 | 300 | ||||
| Repairs and Maintenance | 8,659 | 8,659 | 6,648 | |||||
| Utilities (lnsurances, water charges, heating 8 lighting) |
?,735 | 7,?35 | 9,085 | |||||
| Building Fund Payments | ||||||||
| Other payments | 6,896 | 23,176 | 30,071 | 26,763 | ||||
| b8 | TOTAL PAYIIENTS | 58,139 | 23,178 | 8'l,315 | 82,821 | |||
| SECTION C | ||||||||
| 1 | NET RECEIPTS/PAYIIENTS FOR THE YEAIt |
(a8-b8) | (8,354) | (25,130) | {9,444) | |||
| c2 | Total funds brought forward from last year |
50,480 | 42,533 | 93,013 | ||||
| 33,705 | 87,883 | 93,013 | ||||||
| c5 | TOTAL FUNDS AT END OF YEAR | {c3+c4) | 33,705 | 6?,883 (c7) | 93,013 (c6) | |||
| SECTION D | ||||||||
| FQR INFQRWIATION ONLY: IIONEY RECEIVED AND PASSED QN |
TO EXTERNAL | QRGANISATIONS | ||||||
| (these amounts are not.to be included | in total receipts/payments | figures | above) | |||||
| d1 | Balance brought forward from last year | |||||||
| d2 | Offerings/Gifts -received for external |
organisations | 480 | 883 | ||||
| d3 | Offerings/Gifts -passed to external |
organisations | 480 | 883 | ||||
| d4 | BALANCE STILLTOBEPAID | (d1+d2-d3) |
| FOR THE YEAR | ENDED | |||
|---|---|---|---|---|
| 31August 2021 | ||||
| Sankey | Valley | Circuit | Circuit no | 18I13 |
| Reverend | Mark Harwood | |||
|---|---|---|---|---|
| Church | Stewards: | |||
| John | Legg | Joe Royle | ||
| Margaret | Docherty | Dorothy Ditchfield | ||
| Treasurer: | ||||
| Mr Steve Devers |
| AC | COUNTS FORTHE YEAR ENDED | 31A | UGUST 2021 | Penketh | Penketh | INethOdIS | t | Church | |
|---|---|---|---|---|---|---|---|---|---|
| Restricted | Totals this | Totals last | |||||||
| SECTION A | Funds | I/ear | year | ||||||
| RECEIPTS | |||||||||
| a2 | Offerings and Tax recovered | 35,364 | 11,450 | 49,326 | |||||
| Bank and CFBinterest and | |||||||||
| investment income |
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| Letbngs | 4,106 | 14,400 | |||||||
| Other receipts | 1,844 | 5,177 | S,057 | ||||||
| TOTAL RECEIPTS | 14,821 | 56,'l85 | (a?) | 73,177 | |||||
| SECTION B | |||||||||
| PAYIIENTS | |||||||||
| Circuit Assessment orShare |
34,650 | 34,850 | 39,825 | ||||||
| b3 | Donations | 200 | 200 | 300 | |||||
| Repairs and Maintenance | 8,659 | 8,659 | 6,648 | ||||||
| Utilities (lnsurances, water charges, heating 8 lighting) |
?,735 | 7,?35 | 9,085 | ||||||
| Building Fund Payments | |||||||||
| Other payments | 6,896 | 23,176 | 30,071 | 26,763 | |||||
| b8 | TOTAL PAYIIENTS | 58,139 | 8'l,315 | (b9) | 82,821 | ||||
| SECTION C | |||||||||
| NET RECEIPTS/PAYIIENTS FOR THE YEAIt |
(a8-b8) | (8,354) | (25,130) | {9,444) | |||||
| Total funds brought forward from last year |
50,480 | 42,533 | 93,013 | (c8) | |||||
| 33,705 | 87,883 | 93,013 | |||||||
| TOTAL FUNDS AT END OF YEAR | {c3+c4) | 33,705 | 6?,883 | (c7) | 93,013 (c6) | ||||
| SECTION D | |||||||||
| FQR INFQRWIATION ONLY: IIONEY RECEIVED AND PASSED QN |
TO EXTERNAL | QRGANISATIONS | |||||||
| (these amounts are not.to be included | in total receipts/payments | figures | above) | ||||||
| Balance brought forward from last year | |||||||||
| Offerings/Gifts -received for external |
organisations | 480 | 883 | ||||||
| d3 | Offerings/Gifts -passed to external |
organisations | 480 | 883 | |||||
| d4 | BALANCE STILLTOBEPAID | (d1+d2-d3) |