PENN FREE METHODIST CHURCH ANNUAL REPORT OF THE TRUSTEES FOR YEAR ENDING 31-03-21
SECTION A
Reference and Administrative Details
The name of the charity is Penn Free Methodist Church and our charity no. is 1138169. The Chairman of the Trustees i s Pastor Peter Simpson of Chapel Cottage, Church Road, Penn Bucks, HP10 8NU, and the other three serving trustees during the whole year were the Rt Rev. Edward Malcolm, Pastor John Sherwood and Mr Mark Mullins.
SECTION B
Structure, Governance and Management
The trustees administer Penn Free Methodist Church according to the Trust Deed dated 4th August 2009. The trustees are appointed by the church members, usually, though not necessarily, from outside of the body of the members. They are appointed on the basis of their being appropriately qualified to further the aims of the church as outlined in the trust deed. They take on the responsibility of financial oversight and also ensure that the church operates according to the terms of the charity’s governing document. Trustees hold office until such time as they resign or retire.
SECTION C Objects and Activities
The church’s objectives are the advancement of the Christian religion in accordance with the doctrinal statement in the church’s governing document. The church’s activities, in consequence of this objective, are pastoral work within the congregation, and Christian ministry and evangelistic work within the wider community, including ministry to children and young people.
SECTION D
Achievements and Performance
Throughout the past year the Church has continued a visible Christian witness to the local community and further afield, and has also spoken out on national issues relevant to the upholding of a biblical Christian viewpoint. We are thankful to God for supplying our needs and for sustaining our Gospel testimony through another year.
SECTION E
Financial Review
The charity’s accounts are prepared on a receipts and payments basis, and are scrutinised by a qualified independent examiner, Mr. R. Marshall. Principal funding sources are the donations of church members, the donations of church attendees and the donations of other friends of the church. There are also some smaller levels of income from premises rental,
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PENN FREE METHODIST CHURCH ANNUAL REPORT OF THE TRUSTEES FOR YEAR ENDING 31-03-21
but it is not likely that this will be the case in the ensuing year. The main items of expenditure are the Minister’s salary and property light and heat and maintenance.
Cash in hand
The current account at 31/03/21 stands at £8,354; the deposit account at £2,009, Therefore total cash at 31/03/21 equals £10,363. Our funds at the start of the financial year stood at £5,043, and so this represents an increase of £5,320 during the year to March 2021.
Cash balances held at the end of the year are retained to finance everyday expenses in the furtherance of the church’s normal work and to fund property maintenance.
Financial expenditure decisions are made by the church members’ meeting, whilst the trustees maintain a general oversight and important advisory role, ensuring that the church’s financial position remains stable.
The charity holds no funds on behalf of others.
SECTION F
Public Benefit Statement
The Charity Commission website states that a charity has to conform to the public benefit requirement of the Charities Act 2011. Directly quoting from the website,
“The public benefit requirement has two aspects:
The ‘benefit aspect’
To satisfy this aspect:
a) a purpose must be beneficial - this must be in a way that is identifiable and capable of being proved by evidence where necessary and which is not based on personal views
b) any detriment or harm that results from the purpose (to people, property or the environment) must not outweigh the benefit - this is also based on evidence and not on personal views
The ‘public aspect’
To satisfy this aspect the purpose must:
a) benefit the public in general, or a sufficient section of the public - what is a ‘sufficient section of the public’ varies from purpose to purpose
b) not give rise to more than incidental personal benefit - personal benefit is ‘incidental’ where (having regard both to its nature and to its amount) it is a necessary result or byproduct of carrying out the purpose
c) In general, for a purpose to be a charitable purpose it must satisfy both the benefit and the public aspects. However, charities for the relief (and in some cases the prevention) of poverty need only satisfy the benefit aspect” (end quote).
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PENN FREE METHODIST CHURCH ANNUAL REPORT OF THE TRUSTEES FOR YEAR ENDING 31-03-21 The trustees confimi that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties, and they consider that the public proclamation of the Christian gospel by Penn Free Methodist Church amply fulfils the statutory public benefit requirement. SECTION G Declaration The trustees declare that they have approved the trustees, report above. Sied PASTOR PETER MALCOLM SIMPSON Chairnian Date
Penn Free Methodis Church Receipts and payments accounts CC16a For the peTlod fyom To 411120 31121 Section A Recei tsand ments Unrestricted fund5 Endowffient funds Total Djnds La$t year Restrlcted fvnds t¢ the nearegi to the nearest £ to the nearp$t E to the neareol £ tv tht naresl £ A1 Recel ts )nalionS Pio 21.673 206 21.937 2QS 17.563 2.946 Miscellarous F&Esfrom charitablÈathitiFs GiftAid Le 104 104 2.493 5.000 5,000 26.983 264 27,247 23.650 Sub total(Gross income forAR) A2 A55et and investment sales, see table . Sub total Total receipts 28,983 264 23,550 A3 Payments Charitsble act9&. Piopèrty GQS15 chai11ae 3clNilie5 Minister5 CQ$lS Charita a¢tyviies- 0r Qornance costs Sub total 21.927 A4 Asset and investment purchases,1see tsblel Sub total Total payments 21.927 21.927 22.859 Net ofreceipts/(payments) A5 Transfers between funds A6 Cash tunds last year end Cash funds this year end 5,056 264 5,320 661 5,043 4.382 .043 264 10,363 Section B Statement of assets and liabilities at the end of the period Unrestrlcted funds to Dearest£ Restricted funds Endowment Jnd5 to nearest£ CatÈgoiie5 IDÈlasls 10 nearest £ 81 Cash funds Cuii•fttaccowl 8.090 284 Déposit account 2.ClJ9 CCXX R1 accounts ISSI 1211112021
Total cash funds 10,099 264 (agree 4sWh re¢elty ana paympr. CCDunll51I OK Unrestricted Jnds OK Restrlcted lunds OK Endowment ftjnds Details neare5t£ to nearest£ to ne8re9t £ B2 Other monetary assets Fund 10 vthich assei bdongs urrentvalue Details Cost loptionall 83 Investment assets Fund to 1¢h asset belon Current value tional Details Church cost loplionall B4 Assèts retained for the charity'5 own use Manse Sundry equwment Unrwstricle Fund vthich Details 1r Amountdue When due B6 Liabilities Signed by one or trwo Irustee$ on behalf Signature Print Name Date of approval P M SIMPSON E J MALCOLM M L R MULLINS 1S.11.Zl CCXX R2 accounts ISS) 1211112021
Independent examlnerfs report to the trustees of Penn Free Methodist Church ("the charlrf. Number 1138169) I report on the accounts of the charity for the year ended 31 March 2021 as set out on pages l and 2. Respecllve responslbllltles of trustees and examlner The chariVs trustees are responsible for the preparation of the accounts. The charivs trustees consider that an audit 15 not required for this year under section 144 of the Charities Act 20111.the Charities ACVI and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the Charities Act . to strte whether particular matters havicorne t07ny?ttentlon." Basis of independent examlner's statement My examination was carried out in accordance with the general Direction5 given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and eomparlson of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters set out in the next statement. Independent examlner's statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements.. • to keep accounting records in accordance with section 130 of the Charities Act and • to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 2&/,,121 R J Marshall Date 45 Walton Road, Aylesburyi Bucks HP2175R