## ## ## ## ## |||||| |---|---|---|---|---| |Name ofchief executive or names ofsenior staff members
(Optional
information)||||| ||~
a||~ ~
A
~
A|| |Description ofthe charity's||trusts||| ||Type ofgoverning
document||Deed of Union 1932and Methodist
Church Act 1976|| ||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|| ||||annually
by the Church Council.|| |Additional
governance
issues|||(Optiorfal
information)|| |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.|| |~|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.|| |~|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|| ||works;|||| |~|relationship
with any related
parties;||The Church Council has appointed
individuals
to oversee Safeguarding
and Health 8 Safety|| |~|trustees'
consideration
of||The Church Council have developed
a Mission 8 Growth
Plan (Oct18-|| ||major risks and the system||Oct23), which highlights
a number ofgoats; for example,
Mission,|| ||and procedures
to manage||Fellowship,
Worship,
Children
8 Youth and Community|| ||them.|||| ||||0 ~
~
~|| ||||The purposes
of the Methodist
Church are and shall be deemed|to have| ||||been since the date ofthe union the advancement
of:-|| ||||(a) the Christian
faith in accordance
with the doctrinal
standards|and the| ||||discipline ofthe Methodist
Church;|| |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;|| |governing
document|||(c) any charitable
purpose for the time being ofany society or institution|| ||||subsidiary
or ancillary to the Methodist
Church|| ||||(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| |---|---|---|---|---| |Briefstatement
ofthe||||following
the impact ofCOVID on the 2020-2021 accounts and
in determining| |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| |||||Church and The Charity Commission
recommends
holding
six months (50%)| |||||total annual
expenditure,
new guidelines
and requests
from Sankey Valley| |||||Methodist
Circuit has resulted
in reserves at year end being no more than four| |||||and half months (37.5%)oftotal annual
expenditure.
This equates to f24,500| |||||for Penketh.
Church
Council will review the policy annually.| |||||Restricted Funds —All funds
in the Restricted
Funds are for Lay Workers only.| |||||However,
to meet any future severance costs in the event ofneeding to make| |||||Lay Workers redundant,
the Restricted
Fund reserves
policy is calculated to| |||||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| |||||three Lay Workers the total notice period costs, including
pension,
and| |||||redundancy
payments
are cE10,000. Church Council
will review the policy| |||||annuall
.| |Details ofany funds|||materially|| |in|deficit|||| |Further financial
review details||||(Optional
information)| |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.| ||the charity's
principal|||However,
our room lets income dropped by?2% year on year to E4.1k.| ||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,| |~|how expenditure|has||expenditure
for utilities,
insurance,
H8S servicing
and maintenance
still needed| ||supported
the key||objectives|to be incurred.| ||of the charity;|||Overall Restricted Funds
(which cover Lay Workers employed
to deliver key| |~|investment
policy|and||Church objectives and outreach)
total f34.2, which is a drop of8.4k year on| ||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|||||||| ||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||||||||| ||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)||||||| ## ## ## ##