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PFMC : ANNUAL REPORT OF THE TRUSTEES FOR YEAR ENDING 31-03-22
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 is Pastor Peter Simpson of Chapel Cottage, Church Road, Penn Bucks, HP10 8NU. During the year three trustees resigned, being the Rt Rev. Edward Malcolm, Pastor John Sherwood and Mr Mark Mullins. Mr Kenneth Luff was appointed on November 21[st] 2021.
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. The main items of expenditure are the Minister’s salary and property light and heat and maintenance.
Cash in hand : The current account at 31/03/22 stands at £22,642.49; the deposit account at £2,009.43, Therefore total cash at 31/03/22 equals £24,651.92. Our funds at the start of the
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PFMC : ANNUAL REPORT OF THE TRUSTEES FOR YEAR ENDING 31-03-22
financial year stood at £10362.86, and so this represents an increase of £14,289.06 during the year to March 2022.
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).
The trustees confirm that they have complied with their duty to have a 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
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PFMC : ANNUAL REPORT OF THE TRUSTEES FOR YEAR ENDING 31-03-22
The trustees declare that they have approved the trustees report above.
Signed on ___ (date)
Pastor Peter Simpson, Chairman.
| rNCoME/EXPENDTTUREACCOUNTYEAR | rNCoME/EXPENDTTUREACCOUNTYEAR | ENDTNG3L-O3-2O22 | ENDTNG3L-O3-2O22 |
|---|---|---|---|
| INCOME | 2422 | 2021 | CHANGE |
| GIFTATDGIVTNG | 28,802.00 | 15,400.00 | 13,402.00 |
| NON-GIITAIDGTViNG | 7,202.50 | t1,272.70 | -4,070.20 |
| scHool-RooMHrRE | 0.00 | 205.00 | -205.00 |
| GIFTAIDTAXREFUND | 2,103.97 | O.OO | 2,103.97 |
| DONATIONS OPENATRWORK | 100.00 | 264.00 | -164.00 |
| LITERATT'RESALES/SPECIALEVENTS128.60 | 104,32 | 24.28 | |
| DONAIIONSFORNEWHYMNBOOKS | 9OO.OO | O.OO | 9OO.OO |
| DEPOSITA/CINTEREST | 4.24 | 0.55 | -0.31 |
| TOTALINCOME | 39.237.31 | 27.246.57 | 11,990.74 |
| EXPENDITT]RE | 2022 | 2021 | CHANGE |
| MIMSTER'S SALARY | 14,062.09 | 13,817.82 | 244.27 |
| CHTIRCHGAS/ELECTRICITY | 1,812.80 | 1,608.30 | 204.50 |
| CHURCHTELEPHONE | 46t.84 | 4t3.51 | 48.33 |
| CHIJRCHMAINTENANCE | 2,055.00 | 60.00 | 1,995.00 |
| CHLRCHINSIJRANCE | 1,450.21 | 1,337.59 | 112.62 |
| CHURCHWATER | 170.17 | 162.73 | 7.44 |
| COTTAGECOTINCILTAX | 2,363.89 | 2,267.35 | 96.54 |
| COTTAGEMAINTENANCE | 78.00 | 198.00 | -120.00 |
| COTTAGEWAIER | 289.01 | 285.79 | |
| COTTAGE INSURANCE | 484.t7 | 45t.71 | 32.46 |
| MINISTERTRAVEL | 0.00 | 70.50 | -70.50 |
| PTIBLICiTY | 300.00 | 450.00 | -150.00 |
| WEBSITE/INTERNET | 250.33 | 1r9.79 | 130.54 |
| VISITINGPREACHERS | 180.00 | 75.00 | 10s.00 |
| ORGAN/?IANO | 0.00 | 0.00 | 0.00 |
| OPENAIRWORK | 113.38 | 327.74 | -214.36 |
| NEWHYMNBOOKS | 785.60 | 0.00 | 785.60 |
| SI]}IDRYE)GENSES | 91.76 | 280.53 | -188.77 |
| TOTAL EXPENDITIJRE | 24,948.25 | 21,926.36 | 3,021.89 |
| SURPLUS(DEFICIT) | 14.289.06 | 5.320.21 | 8,968.85 |
| ClosingBalance perBankStatement31103122 | 22,642.49 | ||
|---|---|---|---|
| ADDunpresentedreceipt | 0.00 | ||
| LESSunpresented cheques | 0.00 | ||
| Closingbalancecashbook | 22.642.49 | ||
| Openingbalancecashbook0l-04-21 | 8,353.67 | ||
| Receiptsinyear | 1q)i101 | ||
| Paymentsin year | 24,948.25 | ||
| Closingbalance cashbook31103122 | 22.642.49 | ||
| Cash movementscurrentand deposit | accountscombined | ||
| Combined openingbalancepercashbook0l-04-21 | 10,362.86 | ||
| t" | |||
| CombinedReceiptsinyear(inc.depa/c interest) | 39,237.31 | I I |
|
| _1 | |||
| t- | CombinedPaymentsinyear Combined closingbalance percashbook3l-03-22 |
24,948.25 w$tl, |
|
| ; | |||
| i- Ir |
Deposit account31-A3-22asper Bank | 2,009.43 I'1 |
|
| t | Cnrrent account3l-A3-22asperBank | 22,642.49 | |
| i- | Combined closingbalance percashbook 31-03-22 | 24.651.92 | |
| t- | |||
| L | |||
| I i |
Combined openingbalance per cashbook 0l-04-2i | r0,362.86 | |
| r | Combined closingbalance percashbook 31-03-22 | 24,651.92 | |
| SurplusasperIncomeandExpenditure Account at 31-03-22 | 14.289.06 |