2022-08-31-accounts - Penketh Methodist Church

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			A I 4
Description ofthe charity's		trusts
	Type of governing 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- oNico, elected annually. by the general church meeting or appointed
			annually by the Church Council.
Additional Qovernance issues (Optional 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 forthe 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 (Oct1 8-
	major risks and the system		Oct23), which highlights a number ofgoals; for example, Mission,
	and procedures to manage		Fellowship, Worship, Children 8 Youth and Community
	them.
			The purposes ofthe 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
			disciphne ofthe Methodist Church;
Summary ofthe objects ofthe			(b) any charitable purpose for the time being ofany connexional,	district,
charity set out in its			circuit, local orother organisation ofthe Methodist Church;
governing document			(c) any charitable purpose forthe time being ofany society or institution
			subsidiary or ancillary to the Methodist Church
			(d) any purpose for the time being ofany charity being a charity
			subsidiary or ancillary tothe Methodist Church

e I
Summary ofthe main achievements ofthe charity durIng the year	The achievements and the performance ofthe Church in 2021/22 reflected a return to adegree of normality for worship and the general use ofthe building following the emergence out ofthe lockdown and restrictions
	throughout the year.
	There has been no significant increase in the number ofhirers or users of
	the building as we remain restricted to a degree by Ambassadors covering
	to open and dose the building,
	There is, though, an eclectic mix	ofusers covering children*s groups,
	uniformed organisations, painting	groups, gardening groups, Drop-In
	sessions fortea 8 coffee, yoga,	keep fit, dance groups and fellowship
	groups within the Church.

		General Funds - The reserves policy for the General Fund has been reviewed
Briefstatement ofthe		following the impact ofCOVID on the 2021-22accounts and in determining how
charity's policy on reserves		much, asa Church, Penketh can continue to contribute toAssessment payments tothe Circuit in 2022-23. Church Council wN 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 poHcy is calculated to
		cover (for all three I ay Workers) their three month notice period and redundancy
		costs (based on statutory redundancy calculations for each Lay Worker). For all
		Lay Workers the total notice period costs, including pension, and redundancy
		rrents are cF10,000. Church Council will review the Iic annuall .
Details ofany funds	materially
In deflclt
Further financial review details		(Optional information)
You may choose to additional information, relevant about:	include where	General Funds —Total General Funds at the end ofAugust 2022 totaHed 825,740,a87,985reduction versus funds at the end ofAugust 2021. Whilst income was up f19,867year on year this included a Circuit Grant ofR7,500and the balance was due toa combination ofincreased giving and room hire fees.
the charity's principal sources offunds (including any fundralslng);		Costs we also up year on year (around K10,000)where we had to cover significant costs for lift repairs, PAT testing and hiring cleaners. Finances remain very tight.
how expenditure has suppori:ed the key objectives ofthe charity;		Restricted Funds —AH funds in the Restricted Funds are for Lay Workers only. For2021-22we again reported a deficit in paying out more in saiaries then we received in donations. Total funds at the end ofAugust totalled 827,722, a R6,457 reduction versus Aug21, Additional fund raising is being looked at, but
investment policy	and	the current outlook does not look good over 2years out
objectives including any
ethical investment	policy
adopted.

		Reverend Mark Harwood
		Church Stewards:
John	Legg		Joe Royle
Margaret	Docherty		Dorothy Ditchfield
		Treasurer:
		Mr Steve Devers

			Unrestricted	Restricted	Totals this	Totals last
	SECTION A		Funds	Funds	year	year
	Offerings and Tax recovered		39,611		51,912	46,814
	Bank and CFBinterest and
	lrlvestment income
			11,051		11,051	4,106
	Other receipts					5,177
	TOTAL RECEIPTS
	SECTION 8
b1	PAYMENTS
	Circuit Assessment	orShare				34,650
	Donations		338			200
	Repairs and Maintenance				25,596
	Utilities (lnsurances, char es, heating 8	water lighting			12,808
	Building Fund Payments
	Other payments			23,279		30,071
	TOTAL PAYIIENTS			23,279	92,954 (b9}	81,315

SECTION C
			(25,130}
Total funds brought forw'ard from last year		67,883 (c6}
Sub total	27,722
Transfers and adjustments
TOTAL FUNDS AT END OFYEAR			67,$83 (c6}
SECTION D

FOR INFQRIIATION ONLY: MONEY RECEIVED AND PASSED QN	TO EXTERNAL	QRGANISATIQNS
(these amounts are not tobe included in total receipts/payments	figures above)
Balance brought forward from last year
Offerings/Gifts -received for external organisations		?10	480
Offerings/Gifts -passed to extemai organisations		710	480
BALANCE STILLTOBEPAID

	SECTION E Please frdlow the	SECTION E Please frdlow the	SECTION E Please frdlow the	SECTION E Please frdlow the	uldance	stu corn
	Summary ofthe Church accounts	forthe		year ended 31	August	2022and internal	Organisations		reporgng tothe	Church	Coundl(Church		Meeting. Note that		the funds ofan
	Internal Organisation would normally be Restricted funds urdess it could bedearly shown that they could be used forany Methodist purpose. This secdon must be comphdad toamve atthe gross income and expenditure totals ofthe District. Ifgross income exceeds the Accruals threshold, then the Accruais method ofaccoungng A DIFFERENT FORM must be used toreport the accounts (see~ist websitej. Please refer tothe guidance notes~translers between the District and																AND
	connected District Organlsatlons.
	INTERNAL
	ORGANSATIONS										O	I	balances		Closin	babrnces
CI	745Ladies Group
						1,355											2,441
e3	Olive Tres Cafd					6,142
e4	Ladies Fellowship			813										501
e3	Mens Fellowsldp
	Sub total ofinternal 0 anisations funds					11,470								11,926 (e11}			11,119	(e12)
	Church accounts (totals
e9	brought forward from page																53,461
	2 -totals column)
10	TOTAL CASH FUNDS HELD BYCHURCH							(15,228}
	Continue on a separate sheet
	ifnecessary and bring the	'TOTAL		RECEIPTS
	totals forward
	SECTION F
	STATEMENT OF S ND	UABILITIES
	CHURCH - CASH FUNDS HELD	at	31Auguat 2022						OPENING BALANCES						CLOSING BALANCES
ft	Cash in hand
f2	Sank Current Account									18,799							22,729
Iy	Trustees for Methodist Church Purposes
	Other funds
	SUBTOTAl. - Church accourds									SI,883							53,481	(c7)
Is	Total fundS held by internal Organisations balance total sum above) (e12)			{theclosing						11,926								(e12)
	TOTAL CASH FUNDS HELD BYCHURCH									79,808	(x)
	SECTION G								At
	OTHER ASSETSand UABIUTIES								1 September 2021						31August 2022
	investments (indude Endowments)
	Land &Buildings (see notes re Insurance			value)					2,618,035							2,809,'I71
	Other Assets									88,284							94,729
	Loan(s) - show amount outstanding		at year end
	Other Uabilities

		Unrestricted	Unrestricted		Restricted	Restricted	Totals this	Totals this	Totals last
	SECTION A	Funds			Funds		year		year
	Gfferings and Tax recovered		39,611				51,912		46,814
	Bank and CFBinterest and
	lrlvestment income
	Lettings		11,051				11,051		4,106
	Other receipts		10,996				15,463		5,177
	TOTAL RECEIPTS						78,532 (a7}
	SECTION 8
b1	PAYMENTS
	Circuit Assessment orShare								34,650
	Donations			338					200
	Repairs and Maintenance						25,596
	Utilities (lnsurances, water char es, heating 8 ligh8ng						12,808
	Building Fund Payments
	Other payments					23,279			30,071
	TOTAL PAYIIENTS					23,279			81,315
	SECTION C
									(25,130}
	Total funds brought forw'ard from last year						87,883 (c6}
	Sub total					27,722
	Transfers and adjustments
	TOTAL FUNDS AT END OFYEAR								67,$83 (c6}
	SECTION D
	FOR INFQRIIATION ONLY: MONEY RECEIVED AND PASSED QN		TO	EXTERNAL		QRGANISATIQNS
	(these amounts are not tobe included	in total receipts/payments	figures		above)
	Balance brought forward from last year
	Offerings/Gifts -received for external organisations							?10	480
	Gfferings/Gifts -passed to extemai organisations							710	480
	BALANCE STILLTOBEPAID