PENYCAE NEIGHBOURHOOD Church of The Nazarene Registered Charity No. 1166548 Board of Trustees. Reportand Financial Statements For the Year Ended 30 September 2022 BELONG GROW SERVE PRAIS E
Penycae Neighbourhood Church of The Nazarene Board of Trustees. Report and Financial Statements For the Year Ended 30 September 2022 Index Board of Trustees Report Pages 1-6 Independent Examiners Report Page 7 Financial Statements Pages 8-12
PenyGae Neighbourhood ChurGh of The Nazarene Report of the Board ofTruslees for the Year Ended 30 September 2022 The Board of Trustees presents its report and finanoal Statern for the year ended 30 September 2022. Roference and Administrative Inforniation Charity name.. Penycae Neighbourhoo(I Church of The Nazarene Charity Registration Number. The Charity (hereafter referred to as the Church) has historically been an Exopted Charity. but due to changes in legislation re9iStered as a Charitable Incorporated Organisation on 14 April 2016. The registered Charty Number is 1166548. Stryt Issa Pen-y4aa Wrexham LL14 2PN PrinL?pal Address: Board of Trustees Mrs Yvonne Girvan INMI) Mr David Davle8 (Reappointed 13103r22) (Reappointed 1310> (Chalrpersonl Mf Huw Jonas {NYI) Mr Shaun Evans (Reappolnled 29A)Y221 (Reappointed 13103r22) {R8appolnted 13J03r22) (Reappointed 13103r22) (Reappolnted 13A)Y22) Mrs Katy Jones (Secretsry) Mrs Barbara Richards Mlss Janet Dean {Troa$urer) When a church has a pastor they are the Chairperson and are ex officio by virtue of thelr office as Pastor of Penycae Neighbourhood Church of The Nazarene and the NYI. NMI and Childrèn's Miniry r8pres8ntatives ar8 also ex officio by virtue of their office within the Church. CustodlanlHoldlng Trustse Church of The Nazarene Bntssh Isles South Dislnct IA Charrtable Company Llmlled by Guarantee) acts as custodianlholding trustèe in respect of all Freehold Prop8ty owned by Penyca8 Neighbourhood Church of The Nazarene.
Penycae Neighbourhood Church ofThe Nazarene Report of the Board of Trustees for the Year Ended 30 September 2022 Principal Staff Katie Cameron joined as pastor in July 2022 and left in November 2022. Website Bankers HSBC 17-19 Regent Street Wrexham LL111RN Natwest 33 Lord Street Wrexham LL11 1 LP Independent Examiner Rev Joseph S Preso)tt- 16 V¥htffield Square. Hunslet. Leeds, LS10 2QA
Penycae Neighbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2022 Structure. Governance and management Structure and Organisation The charitable organisation was set up on 9 May 1982 with excepted Gharitsble status under a model trust deed dated 18 Febnjary 1953 and became a Charttable Incorporated Organisation on 14 Awil 2016. Trustee Appointments The Pastor of the churth is ex-officio the chairperson of the Board of Trustees and their position is reviewed two years after appointment and then every four years after that. The remaining Trustees are appointed annually by the members of Penycae Neighbourhood Church of The Nazarene at the annual general meeting held in February each year. Govemance and Wider Network The Board of Trustees meets regularfy. normally on a monthly basis to consider the work and management of the church and assess and plan the financAal and other aspects of the work and direction of the charity. The church is a member of the Church of The Nazarene British Isles South Distrtct (a charitable Company Limrted by Guaranlee) who in tum is a member of The Intemational Church of The Nazarene Inc which has headquarters in Lenexa. Kansas, USA. The charity. and the wider network it is a member of, are all govemed by the Manual of the Intemalional Church of The Nazarene Inc which is subject to amendment on a quadrennial basis at the General Assembly of The Intemational Church of The Nazarene Inc. The last General Assembly took place in June 2017. The next General Assernbly has been delayed till June 2023 in response to the Covid-19 pandemic. Risk Management The risk management strategy of the Church is in a continual prOS of fomiulation in response to the changing arcumstances that could impact upon the work of the Church. The Board of Tnjstees, in considering this imwrtant task, take direction from on-going discussions with members both intemally and through meetings with the Church of The Nazarene British Isles SoLrth District and other advisers, adopting appropriate policies as required or as they become necessary to the ongoing work of the thurGh. Objectives and Activitles Charitable Object The ob'ect of the cha Intema ion21 Church oryf is advancement of the Chrisb'an faith as part of the he Nazarene Inc. What- Education, training and recreation Children. young people. elderly people. other defined groups and the general public Provides buildings, facilities, services. advocacy, advice and infomiation
Penycae Nelghbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2022 Objectiv88 and Activities (continued) Publlc Banefit The Trustees have had due regard to the Chanty Commission guidance on public benefrt reporting in dÈciding whgt 2Ctivrti&g the eharity Should Ltnd•rtake. Thi$ rèport illu8lratè# the activities undertaken to support the public benefit requirement. Review of the Year The aims for the year induded Continuation of weekly Christian worship meetings and promotion of the Christian faith in accordance Yth the principles of the Church of The Nazarene (both online and in Ferson as adherence to Covbd-19 guidance has allowed) Work with children and young people to promote the Christian faith and provide local social benefft (both online arKI in person as adherence lo Covld-19 guidance has allowed). Support of the Flying Start wivision located in the church building. This supports children from referred famili8s in the local newJhborhood. The registered provider Janet Dean, is a member of the church and the d)urch board support her a8 She manages the project. Weekly meetings for the more mature individuals in the Penycae area (this h88 taken a tempjrary break during the Covid-19 pandemic and has not yet restarted). Continuing to develop links with the lo1 Gommunty. to enhance the involvement of the church with relevant local agencies on tehalf of the local community. Continue to partner with and mak8 the thurch building available to relevant local agencies seeking to benefit the local communty, such agencies Include bLrt are not re$tn¢ted to Wrexham County Borough Council. T.C.C. and local community fi)rum8. Significant activrties during the p8riod indude.. Weekly worship services conduded with assistan and input from the pastoral and worship teams (this has taken place both online and in person as Covid-19 guidance has allowed). Youth meetings (durlng tenn time) for interactlon in a safe environment to enable them to grow and develop both spiritually. socially and individually. This Moved online during the pandemic, with o¢ca3ional outdoor gatherings a8 the law allowed. These meetings would uallY be weekly, but have been more sporadic during the pandemic. Weekly Wednesday meetings (Dimensions). This has taken a break since the start of the pandemic. Partnering wth the R education through the istered Person, Janet Dean, who provides earfy years lying Start Initiative In the church building. Partnering with T.C.C. lo explore social inclusion activrtTres. Partnerin bwth Given to Shine to provKle food and care packages in the local commun Provision of the building as a polling station for the communty. Visitation of both memb8rs and others in the local community in times of need or by request.
Penycae Neighbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2022 Achievements dunng the year include.. Continued spiritual friends of Penycae rowth and personal development for members, attenders and eighl)ourhood Church of the Nazarene. During most of the COVID-19 pandemic the church building has bèen shut and weekly meetings have taken Pla online. This has taken place on a variety of online platforns including Zoom, Facebook Live and YouTube. The fornat and frequency of Ih¢?e meeting3 has varie¢J over the Gourse of the pan(JemiG. but has inclucle VklY Sunday worship services. Zoom socials. Bible studies, quiz a n d g a m e s nights, youth meetings, prayer meetings and pastoral meetings. We have recently Started accepting bookin s for the services to allow a limited number of members to attend the ServIS in Still streamed live on You tube. e building each week. These services are Pastoral care work ha$ continued throLtghout the pandemic, Ihrough 80¢ially di81anced visits, phone calls and video link up as appropriate to the srtuation. Continued development of the social and educational op wrth the local community through and wrth organisations rtunities and interaction hat wè partner wrth. The Flying Start provision, set up as its ovm charty and the funds held by the church wer8 transferred to this new entity under the management of the registered provider, Janel Dean la Ghurch member) and continued to employ staff to enable the setting to be used for any Frontline worker children. This provision took place within the church building. Volunteers The work planned. actr4itie8 und8rtak8n and achievements attained would not have been possible without the active inVoement and hard work of all of the members and fnends of the charity without whom the substantial work ofthe charrty Uld not be r8alised. The Board of Trustees is grateful for the work and support of all the members and friends of Penycae Neighbourhood Church of The Nazarene. Financlal Ravlew Reserves The Charity doe8 not have a policy on reserves as the expQndrtU and work of the Gharrty 18 reliant upon the ongoing support. tithes and offerings of the memters and fnends received at the weekly meetings. The Board of Trustees reviews on a monthly basis the anticipated income and expendrture for the next two to three months in order to ensure the ongoing work of the chanty. Financlal Revlew of the Year The charity has continued throughout the period to meet and taibr the expenditure 11 in¢urs to the income received through rent for use of the building and through the offerings and donations received. COVID-19 has affected how funds have been received by the members and friends The trustees do not foresee a major Impa in the funds received bul there h8S been a redudion in the income. The trustees have encouraged those that can, to pay direGt to the charity by stsnding order while cash is counted once a month by two trustees maintaining social distancing. The receipts and payment account shows that there was a net decrease in cash fund$ during the year of £13,511, largely due to the Flying Start Funds belng passed to a new Chaiitable Incorporated Organisatlon to run the Flying Start setting previously managed by the church. The Church of The Nazarene Brilish Isles South Distrid gifted their 500/0 of the manse they ownèd to Ponycae Nei9hbourho¢xI Church of Tho Nazareno at a market value of £57,500.
Penycae Nelghbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2022 Ftnancial Review of the Year (contlnued) The 50% of the manse owned by the church was revalued in acGordance with the market value used for the above transfer. reducing the value of the 500A of the manse purchased by the church by £2,945. The abovè property transactions together wrlh th8 reduction in the liabiltties and mortgage on the manse of £3,405, give an overall increase in funds of £44,449. as detailed by the assets and liabiltknes in the financial statements. £94,945 of the unrestricted funds are set aside in designated funds leaving £3.144 of general funds available as cash in hand and at the bank. Plans for Future Perlods The Trustees, following the departure of Katie Cameron are looking, with guidance and help from the Bntish Isles South District Church of The Nazarene, to appoint a new pastor. We continue lo plan forthe future through prayer, planning and stralegy meetings, however in the end we accept that we rely on our Father God to enable, encourage and guide us into the future that He has planned. Declaration The Trustees declare that they have approved the trustees, report above. Signed on behalf of the tharTVs trustees on. Mr D Davies (Chairperson) Mrs K Jones (Trustee)
Penycae Neighbourhood Church of The Nazarene Independent Examiners Report to the Trustees for the Year Ended 30 September 2022 I report to the trustees on my examination of trte accounts of the above charity for the year ended 30 September 2022. whith are set out on pages 8 to 12. Rospective rosponsibilit1 of trustees and oxamlnor As the charity truslees, you are responsible for the preparats.on of the accounts in accordance with the Charities Act 2011 (Yhe A). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable directions given by the Charrty Commission under section 145(5)(b) of the Act. Indèpèndent oxamInaS stat•m•nt I have completed my examination. I confinn that no material matters have come to my attention in Connection with the examination which gives me cause to believ8 that in, any material resp8Ct'. the accounts'ng records were not kept In accordance wrth section 130 of the Art or the accounts did not accord wrth the accounting records., or the accounts did not comply with the applicabte requirnents conGeming the fom and content of acGountS Set out in the Chants'es (AGcounts and Reports) Regulations 2008 other than any r8quirement that the accounts give a 'true and fai¢ view which is not a matter consid8r8d as part of an independent examinatlon. I have no conc8ms and have come across no other matters in connection with the examination to which attention should b8 drawn in this report in order to enable a proper understandlng of the accounts to be reached 7.7,r Rev. Josoph S Prescott Independent Examiner Date: 171h December 2024
Penycae Neighbourhood Church ofThe Nazarene ReGelpl8 & Paym&nts A¢count Forthè Year End•d 30 S•ptember 2022 Unrestricted Fur Yr Ended 30 Soptsmber 2022 UnrEstricted Funds Year Endod 30 September 2021 Recelpts Trthes & Offerings Gfft Aid Tax ReVed Rents Received Grfts to Church Event Incomé other Incorne Flwng Start Seth"ThJ 10.523 16.689 2,625 19.280 11 182 49,582 28.2Y) 80.255 Expondire Pastorfs Salary Pastors Pension Pastor & Trustee- Milgage & Other E>pertses Manse RenL Council Tax & Waier R*es Investment Prowty- Cwnal Tax & Water Rates Investrnent Propwty- Agents fees & èyn5es Investment prOp- Share of rent paid to Dis1[t Inv8Stment Prop&ty- Mortgage payments Church. Water Rates and Lwht & H&at Church Inlemel & Phone Events Expansèg Cleaning, parTe1s. Soap etr Repair5 Website & Licenses Flyng Stsrt Church & Manse Insurance Gifts Paid Oijtto lftdmduals & Charilies Mi8cellaneou$ Distrid & NMI 8gets Bank Charges 10.633 410 3,778 972 1.131 4.788 S.882 525 971 1.518 2.291 4,763 4,229 754 75 27 13,085 1.159 59) 51,375 433 593 41.801 86.[7 EXC Expondilurn ()r Ineomè forth• Yr -13.511 -5,812 Balan Brought FornTard 19,230 25,042 BalAn¢e Carrled Forward 5.71g 19.230
Penyeoe Neighbourhood Church ofThg Nazar•n• A¥••ts and Liabililiea as at 30 September 2022 2022 2021 Cash at Bank & In Hand HSBC bank account N8tWesl Bank Account Cash Balance 5.tr20 6.139 13,085 Frnehold Investmont Property 50°A Share In Investsn8nt Prowty * Cost 192 Ffordd LLinth RevaSuation ol Property to Market Vue Transferred from Church ofTr Nazane British Isles South DKstrirt at market value, their 50% share o11¥2 Ff(¥dd Uarwth 57.SXI Total Assets 120,719 79,875 Long T•mi LloblllUe8 Mortgage wth Ven¥Jn Building Sttiety 22,630 26,lJ35 Totsl Liaè41rbes 26.035 53.640 Rgpr88ontsd By: Unrestrlctod Funds General Fun%J Designated Fund$ ICE Fund - Fty¢ng Start 6&7 3,144 3,570 6&7 6&7 6&7 6&7 6&7 6&7 2,389 13,085 28 158 34,410 28 158 95.315 - Youth & Children Fund - Capital Fund - Revaluation Res&ve 98.089 53.640 The Churth also owns the church tmjildings, fire$. fith"ThJ$ (xyrtents srtuated at Styt1&8a. Pen-y4ge, Wrexham, LL14 2PN. lorwh• lgInal crtst detsils a not a]late. The Mortgage with Vemon Building Sc¢W Is s[j on Ihe rKoFerty, 192 Ffordd Uannerch, PeTry-cae, Wrexh3m, LL14 2NG and hgs 5 ygaTS 6 month8 to run. Tli$ propety is CUff¢rtty not required a¥ thg manse, 85 Pastor Keefe has hk% (r*4n proF¢ty thalty that Ihe d)LHrh rents from him. The piopty has been rented out during the ye8r. The market valuth.on for this investrtt property has induded at the market vaue the Church ofThe Nazarene Bntish Is5 South Distr used when tw transferr&Y. at tre eThJ of this yeaf. their 50% sha in 192 Fforthj Llanerch to PenyrAe NÈighbourhocrfJ Church ofThè Nazarene. The propety was •Mad 50.-50 ¥&ith the Church olTh& Nazartn8 Brrfth IskB S(rtth D5striet and ha oftre net income reved trom the WQFQrty ha5 been patd to Irn.
Penycae Nelghbourhood Church of The Nazarene Notes to Accounts for the Year Ended 30 September 2022 Noto 1 Summary of Other Incomè 2022 Counral Tax & Uurty Refund8 Missionary Sundry 234 130 TolaS Not• 2 Fpylng Stsrt Grarnti RecAN8d Irom Wraxham CtyJnty Other incomo and donabons 49,552 Totsl Incom• Wages. Pen$irM Corrtnbuthjns & Trainlng R¢nl Consumable Suppli99 eals and Rèfreshmènts Insuran & Profe88ional F¢e¥ Sundry Transfèr lund8 to new CIO 40.7( 8,730 474 382 13,08G TotAI Exp•ndtturn Nt)t• 3 Mortg•g• wlth Vernon Bulldlng Soclèty 2021 Balanc8 Brought FO81d Interest Charged 29,256 1,542 27.418 4.788 R8payff*nts 30.798 4.763 8gl•ne• Carrl•d Ftsrw•rd N¢)ts 4 8umm•ry of Replllrn 2022 2021 Computer upgrad9 ChUh Repairs 2 Flllng c8blnet5 Flr8 &KUngul$hgr Serv 208 371 Total 10
Penycae Neighbourhood Church of The Nazarene Notes to Accounts for the Perlod Ended 30 September 2022 Notss Mfjscellaneovs 2022 2021 159 199 SupFQrt Cushions Chnsts'an Resou Materials Pnnts"ng. Postage & Ststs"onery Computer Coverplan TCC, CCPAS and Avow Membership Fees Fee8 re wages. perlon9 & Grfld Pulpit Cover 132 132 230 72 28 Total Notè 6 Movement In Fund8 8alanGe Incomlng Outyolng 0111012021 Resources Resources TrdnsfÈ Balanco 30m912022 Gerwal Fun Flying Start Mountsin Bike GuidiThJ Fund Youth & Children ICE Fund CarNtsI Fund ReavlaulK)n Raserve 3.570 13.085 28 158 28,290 23,928 13.085 4.788 1144 158 2.389 95,31S 34.410 57.5(KJ 4,788 Durlng the yearth Church ofTh• NazaroM Brfllsh IBl•s South Dl&trlct tr•n8feIV Ih•lT 50% share of 192 Ffordd Uann•rch at a market valuè of £57,500 to Penycae Neighbourhood Church of The Nazarene so that the charhy had lull ow1$hP of the manse propeity. Thg Church of Th• Nazarene Briblh Isles South tliBlrfctsllll acts as custodlan Inth forthe proporty. 11
Penycae Neighbourhood Church of The Nazarene Notes to Accounts for the Year Ended 30 September 2022 Note 7 Purpose of Funds General Fund This is unrestricted funds for use to achieve the aims and objectives of the charity. Flying Start Fund This is an unrestricted fund designated to enter the monies received and expended on the management of the Flying Start settirKJ in Penycae. ICE Fund This fund is money that has been raised or set aside to cover unexpected expenses that may arise. Mountain Bik8 Guiding Fund This is an unrestricted fund designated to enter the monies received and expended on th8 Mountain Bike Guiding Program. Youth & Children Fund This is an unrestricted fund designated to enter the monie8 received and expended on the yOLth programs. Capital Fund This is an unrestricted fund designated to hold the 50% freehold cost of the manse and enter the monies reiVed and expended on the mortgage on this freehold. Revaluation Reserv• The 500A of the manse property owned by the church at 192 Ffordd Llannerch was revalued in line with the market value of the further 500kn of the property receNed from the Church of The Nazarene British Isles SoLrth Distnct and the loss allocated to this reserve. Note 8 Trustee Remuneration & Expenses Katie Cameron the Pastor, was paid remuneration of £3.99812021 £10,633), rent of £0 (2021 £2,100) (for use of Iheir home as the church manse) and pension contributions of £188 {2021 £6381 The Pastor and Trustees r1Ved £2,383 in reimbursed expenses during the year (2021 £410). Unrestricted donations (tr(hes & offerings) from trustees of £2,610 (2021 £5,280) were received during the year. Note 9 Related Party Transactions No trustee or other person related to the tharity had any personal interest in any contract or transaction enter8d into by the charity. including guarantees, during the year.