PENYCAE NEIGHBOURHOOD Church of The Nazarene Registered Charity No. 1166548 Board of Trustees. Reportand Financial Statements For the Year Ended 30 September 2023 BELONG GROW SERVE PRAIS E
Penycae Neighbourhood Church of The Nazarene Board of Trustees. Report and Financial ststements For the Year Ended 30 September 2023 Index Board of Trustees Report Pages 1-6 Independent Examiners Report Page 7 Financial Statements Pages 8-12
Penycae Neighbourhood Church of The Nazarene Report of the Board ofTrustees for the Year Ended 30 Septsmber 2023 The Board of Trustees presents Its report and finaniial statements for the year ended 30 September 2023. Reference and Administrative Irrfomiation Charrty name.. Penycae Neighbourhood Church of The Nazarene Chariiy Registration Number: The Charity Ihereafter referred lo as the church) has historicalty been an Excepted Chartty, but due to changes in legislation registered as a Charitable Incorporated Organisation on 14 April 2018. The registered Charity Number is 1166548. Slryt Issa Pen-y-cae Wrexham LL14 2PN Princfjpal Address: Board of Trustaes Rev Tracey Day (Pastor & Chair Person} Mr David DavÈe$ Appointed 01109r2023 {Reappointed 1210312023 resigned 3110812023) {Chairperson) Ms Janet Dean {Twsurer) Mr Shaun Evans (Treasurer) Mrs Barbara Richards (Reappointed 1210312023 & re8igned 31108120231 (Appointed 01109120231 {Secretary) Mrs Yvonne Girvan INMI) Mr David Davies (Reappointed 12103r20231 (Reappointed 1210312023) (Appointed 0110912023) (Reappointed 1210312023 & re&gned 31A)812023) Mr Shaun Evans The Chairperson is ex offiao by Mrtue of their office as Pastor of Penycae Neighlx*urhood Church of The Nazarene. up until 31 August 2023 the chairperson was elected from tha Trustees, the NYI, NMI and Children's Ministy representstives are also ex offiao by virtue of their office within the Church. CustodianlHolding Trustee Church of The Nazarene Bnt5h Isles South Distrt'ct (A chantab Company Limited by Guarantee) acts as custodianlholding trustee in respect of all Freehold Property owned by Penycae Neighbourhood Church of The Nazarene.
PenyGae Neighbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2023 Principal Staff Rev TraY Day was appointed Pastor of the ¢hur¢h on 1 September 2023. Websit6 www.naz ne. Bankers HSBC 17-19 Re9eni 2tr88tWraxham LLI I IRN Independent Examiner Rev Joseph S Prescott- 16 IM)iffield Square. Hunget. Leeds. LS10 2QA
Penycae Nelghbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2023 Structure. Governance and management Structure and Organisation The chartiable organi>ion was set up on 9 PAty 1982 wtth expIed charitable ststus under a model trust dated 16 Febnjary 1953 and became a Charitable Incorporated Organisation on 14 April 2016. Trustso Appointments The Pastor of the church is ex-Off10 the chairperson of the Board of Trustees and their position is reviewed two years after apwintment and then every four years after that. The remaining Trustees are appointed annualty by the members of Penycae Ne0hbOurh( Church of The Nazarene at the annual general meetiThJ hehd in February each yeaT. Governance and Wider Network The Board of TTUStees meets regulaty. nonnally on a monthly basis to consider the work and management ofthe church and a8se88 and plan Ihe financid and other aspects of the work and diredion ofthe Gharty. The church is a member of the Church of The N8Z8rene Brrti%h IsS South District (a Charitable Company Limited by Guarantee) who in tum is a member of The Intemalional Church ofThe Nazane Inc which has headquarters in Lenexa, Kansas. USA. The chanty, and the wider nalwork it is a member of, are all governed by the Manual of the Intemational ChurGh of The Nazarene Inc which is sutyect to amendment on a quadtennial basis at the General Assembty of The Intemational Church of The Nazarene Inc The last General Assembly took place in June 2023. The next General Assembly will take place in June 2027. Risk Manag•m•nt The risk management strategy of the church ts in a continual process of formulation in response to the changir#J circumstances that could ifflpact uwn Ihe work ofthe church. The Board of Trustees. in considering this important task, tske directK)n from on-going discussKsns with members both intemaltyi and through meetings wrth the Church of The Nazarene British Isles South District and other advisers, adopting appropriale policies as required or as they be¢on necessary tothe ongoing work ofthe church. Objectlves and Actlvltles Charitable Object The ob ect of the cha Intema ional Church of is the advancement of the Chnstr'an fath as part of the e Nazarene In¢. )that- Education, tralnlng and WatIOn Who- childn, young people, elder Feople, other defined groups and the general publi How - Provides buildings. facilities. Se. advocacy. advts and infomiation
Penycae Nelghbourhood church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2023 Objectlves and Activities {continued) Public Benefit The Truslees have had due regard trj the Charity CoMmissn guidance on public benefit rep)rting in deciding what activrtEs the charity should undertake. This report illustrat8S the active undertaken to support the publ benefft requiremerrt. Review of the Year The aims for the year indu¢Jed". Continuation of weekly Christian vKJrship meIngS and kY¢JnOtion of the Christian faf(h in accordance wilh the Pfinciples of the Church of The Nazarene. Work with children and young people to promote the ChtIan faith and provide local social benefft. SupFQrt of the new Penycae Ftying Start charity who continued to be located in the church building. This suprtS childn from refeffed families in Ihe local neighborhood The registered provider Janet Dean is a member of the church and the church board SUPFrtNt her as she manages Ihe project WeeY meetings for the more mature indNiduals in the Penycae area. Continuing to develop Inks wrth the local communty. to enhance the involvement oflhe church wtth relevanl local agencies on beha ofthe local communty. Continue to partner wtth and make the church building available to relevant local a9encies seeknng to benefit the local community, such agencies include bul are not restricted to Wrexham County Pough Cn(lI. T.C.C. and kxal communty forums. Signtfi¢ant aGtNf(ie5 during the period indude.. Weekly worship services conducted by visiling Nazarene ministeTB and local lay individuals lo 31 August 2023, wrth assistance and inrArt from the pastoral and worship teams, from 1 September 2023 this responsibilty was taken on by Pastor Tracey Day. Sunday Sch(K)l (during temi timel for interaCtn in a safe environment to enable them to gr¢xv and devew b¢)th spirrtualty, socialty and individualty. These meetings would usualty be weekly. Weekty Wednesday meets'ngs (Dimensions). Partnering wrth the R educats'on through the istered Person. Janel Dean, who provides earty year5 lying Start iniliative in the church building. Partnerlng with T.C.C. lo explore KKial inclusion activities. Partnerin with Given trj Shine to provide food and care packages in the local commun Provision of the building as a polling stslion for the Trmunty. Visitation of both members and others in the ICal ¢ommunty in times of need or by request. Availability for weddings and funerals and other services of significance.
Penycae Neighbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2023 Achievements during the year include.. Continued spirrtual rowth and personal devebpment for members, attenders and friends of Penycae eighbourho(MY Church of the Nazarene. e have bMth weekfv servi$ to allow members to attend the serviGe$ and fellowship wrth each other. Pastoral care work has continueil, through visits, phone calls and video link up as appropriote to the srf(uation. Continued developmenl of the scrial and educational op rtunilies and interactlon with the local communty through and wrth organisalions hat we partner witn. The chafities trustees reviewed and adopted twelve Folicies to further Ihe ¢harMles' accountabilty, compliance and professionalism in key ar8as. Volunteers The work planned, activities undertaken and athievements attain woukl not hav8 been PO88ible without the active invdvement and hard work of all of the members and friends of the ¢h8rty wrthout whom the substantial work oflhe charity could r1 be realised. The Board of Trustees is graleful for th8 work and suppjrt of all the memb8rs and friends of Penycae Neighbourhood Church of Thé Nazarnn8. FlnanGlal Revlow R•8•rv08 The chartty d¢)es nol have a pollcy on reserves as the expendlture and work oflhe charlty is reliant upon the ongoing supp)rt, tlthes and offerin9s of the members and friends re¢esved at the weekty meetings. The Board of Tru8tee8 revEYro on a monlhty basis the anticipaled income and 6xpendrtur8 for the next two to three months in order to ensure the ongoing work of the chanty. Financial Revl•w of th• Y•ar The charity has continued throughout the perbj to meet and tsllor the exFenditure it incurs to the income recefved through rent for use of the building and through the offerings and donations received. The tnJ$tees do rt forès 8 major impact in the funds received but there ho$ been a rU¢ln in the income. The trustees encouragè those that can, to pay dlrect to the charty by standlng cffder whlk8 cash is counted weekty by two trusiees. Th¢ receipts and payment account 8hov•B that there vias a net dernse in Gash funds during the year of £239. this tojether with the reductlon In the li8billtla$ and mortgage on Ihe manse of £3,522. gave an overall increase in funds of£3.283, a$ detsiled by the assets and liabilities In the financial slatements. £98,467 of the unrestricted funds are set aside In deslgnated fund8 leavlrKJ £2,905 01 general funds available 8$ c8sh in hand and at the bank.
Penycae Neighbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2023 Plans for FUra Poriods wrth the appointment of Pastor Tracey Day the board of tnjstees plan a strategy and planning day in 2024 to kM)k at the church activities and future development of the charity. The tTUStees are planning a weekend away for the church congr8gats.on in April 2024 to further eneDur8ge felkNvship and fonning deeper relatrshIpS. We continue to plan forthe fijture through prayer. planning and strategy meetings. however in the end we apt that we rety on our Father GTrJ lo enable, encourage and guide us into the fijture that He has planned. Declaratlon The Trustees declare that they have approved the InJstees' report atthe. Signed on behalf ofthe charitys trustees. Rev T K Day {Chairperson) Mr D Davies (frustee)
Pyea• NeIghbourtd Church of The Nazarene Independent Examiners Report to the Tru$t¢es for the Year Ended 30 September 2023 I report to the tn on my examination of the accJJnts ofthe atK>ve chattty for the year ended 30 September 2023, which are set out on pages 8 to 12. Respective responsibilities of tTUStees and examiner As the charity trustees. you are responsib for the preparation of the ac(x)unts In accordance with the Charities Act 2011 (Ihe A¢r}. I report in respect of my examinats'on of tha Trust's accounts ¢arri•l out under section 145 ofthe 2011 Act and in carying out my examination, I have followed all the aPiCate directions given by the Charty Commission under section 14515llbl of the Act. Indgpendent examinerfs statement I have completed my examination. I confim that no material matters have come to my attention in conneclion wtth the examinab.on whith gnies me cause to believe that in, any material respect". the accounting records were not kept in accordance with section 130 of the Act. or the acwunts did not accord wilh the accounting records," or the accounts did not compty wrth the applicable requirements conceming the fom and content of accounts set Olrt in the charit {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view whiGh is not a matter considered as part of an independent eXaminatn. I have no concems and have come across no other matteTr in ccn8th.0n with the examinalion to which attention should be drawn in this reEth in order to enab a proper understsnding of the accounts to tse reached Rev. Joseph S Prescott Independent Examiner Date: P March 2025
Ponycao N•lgttbouthood Chvyeh of Tho Ilazarène Re¢eipts & Payrnents Account For the Year Ended 30 Sept•mber 2023 Unrestricted Funds Unrestrlet•d Fund Yèar End•d 30 Y•ar Endod 30 S•pt•mb•r 2023 S•ptsmb¢r 2022 Recelpts Tilhes & Offerings Glft AKI Tax ReceNed Rent6 ReceNed Gift3 to Church Event Income Other Income Grant lor BISD Chureh of Thè N8t8W Flying Start Selbng 11. 17,410 1e,689 2.625 11 28,29CI Expendltur• Pa5torfs Sary P8$lorfs Pension Pastor & Truste&- & Othar Exw#ès Manse Rert ¢ourKil Tax & Water Rates Invesbnent Propety- GouncAI Tax & Water Rotes Invesbnenl ProKwty- Agents fees & expenses Invesbnenl PrO- Share of rent paMI to Disl Invesknent ProFerty- Mortgage payments ChuTch. Water Rates and LI9 & Heat ChurGh Intemet & Phw Events Exn$S Cleaning, Paper Tvwels, Soap etc Repairs Websrte & Lic61)$8s Fng Start Church & M8n8e Inguranee Gifts PaKI Out to IndivJual8 & Chanlies Mi8cdlaneous Dislnct & NMI Budgets Bank Charges 1.937 1CN) 3.134 972 1,131 4,788 6.765 525 971 412 5.&51 627 13.1)85 1,159 1,3S7 3,159 1.2 117 41.801 excess Expendltur8 Incom• lorthe Ye•r -13.511 8al¥n¢e Brought Forward 5.719 10.230 Balance Carri•d Forward 5,719
Penycae Nelghbouthood Church olThe Nazarene Assets and LlabllHles a$ at 30 September 2023 2022 Bank & Cash Accounts HSBC bank aUnt Cash Basan 5.425 5,620 Total Funds Hdd 5.480 5,719 Freehold Prope 192 Ffdd Uannerch Ravaluab"on Resèrv8 Tran$fwTrd from Church tsfthe Nazaren8 Brib'sh 181es South at market ¥alue, 50% of 1¥2 Ffordd LL4nèrch. 117,945 -2.945 57,5LMJ Total Assets 120.480 120,719 Curr•nt Liabilrlies Long T•m Uabllbtles Mortgage with Vemon BLMkliNJ Scoe 19,108 22.630 Tolal Liabil 19.108 22,830 NotA$80ts 101.372 98,089 Represented By. Unr•#trlctod Fund• General Fund D881gnated Funds ICE Fund M04Jntain Bika GUIng Fund - Youth & Children Fund - Capitsl Fund - R@au10n ReseNe Furhj 6&7 3.144 6&7 6&7 6&7 6&7 6&7 2.389 28 158 95.315 -2.945 28 158 96,837 101.372 98,069 The Church also owns the ehurch bU1ing$. frxtures, fftts.ngs aThJ contents Situated at styt Issa, PerY-e. Wrexham, LL14 2PN. lorYNlith gInal (Xjstth.L% are notaviabte. The Mortgage wrth VerTh)n Buihjing SC is se¢u11 on the wopth. 192 Fforthj Uannerch, Pen-y-cae, Wrèxh8m. LL14 2NG and hes 4 Yea 8 months to rLan Pastor Tracey Day moved into Ihe manse on 23 August 2023. The manse ts Ifweth no longer an nvestmenl proprtY as it is nrnv used in p&10m1an the tharilable aCtitres of Penycae Neightx)urhc)d Church ol The Naz.
Penycae Neighbourhood Church of The Nazareno Notes to Accounts for the Year Ended 30 September 2023 Note 1 Summary ofothor Income 2022 CoLmCAI Tax & Utilty Refunds Collectsd for water fft9rs NMI for Tutkey I Syna ret Sundry 11 10 70 120 Total Note 2 Flylng Start 2023 2022 Grants RècgNed Irr Wrexttam ¢(xJnty Cr1 Otherincorne and donaoons Total Incomg Wages. PenspJn COntribub & TAining Rent Gonsumatle Supphes M8818 and Refreshmants Insurance & Ptofe5sional Fees Sundry Setting Improvernents Ttan5fer fijnds to new CIO 13,085 Total Exp•ndlturn Noto 3 Mortgage wlth Vemon 8uildlng Society 2023 2022 Balance Brought FoN4ard Interest Charged 26,035 1 383 24,134 27,418 4,788 8alance Carrled Forw•rd Summary of RopAlrs 2023 21122 Manse proF¢ty reFfjir¥ Chur(th propety repairs 2 Filing Cabinets & fire exbngui3her service 2.748 1.926 Total 10
Penycae Nelghbourhood Church of The Nazarene Notes to Accounts for the Pertod Ended 30 September 2023 Note 6 Mlscollan•ou 2022 159 159 Support Cushions Chrr61ian Resource Matenals Prnbng. Postage & Ststs"cery Computer Coverplan TCC. CCPAS arKI Avow Membership F*s Feès rè wages, Pensi & GrfiAid Pulpit c£w&r Sundry Exwses 132 3g3 132 28 Totsl Not• 8 Movem•nt In Fund$ Balane• In¢omlng <Mgolng 01111112¢)22 Resources Resource¥ TTrn8ferB Balanee 3010912023 Gereral Fund IAount8in Bike Gutding Fund Youih & Children ICE Fund C8Prtal Fund Revaluaion Reserye 3,144 28 158 28.1 2,905 28 158 2,389 98,837 95,315 li
Penycae Neighbourhood Church of The Nazarene Notes to Accounts for the Year Ended 30 September 2023 Note 7 Purpose of Funds Gengral Fund Thls is unrestricled funds fc* use to &hve the aims and objectives of the charity. Flylng Start Fund Thts is an unrestricted fund designated to ertter monies received and expended on the management of the FWing Start setting in Penyroe. ICE Fund This fund is money that has been raised or set asKle to cover unex[ed expenses that may arise Mountain Bike Guiding Fund This 15 an unrestricted fund designated to entw the monies Ned arbd expeTrtsJ on the Mountain Bike Guiding Program. Youth & Children Fund This is an unrestricted fvnd designat&J to enter the monies reiVed and expended on the youth prraMs. Capital Fund This is an unrestrided fund desKJnated to hold the 50% freehokl cost of the manse and entei the monies 1ved and expeThJ8J on the mortgaje on this freehold. Revaluallon Reserve The manse protwty owned by the chureh at 192 Ffordd Llanerch was revalued in line wrth the mathel value of the propety rei¥¢d from the Church of The Nazarene Brrbsh Isles Soulh District and the loss allocated to this reserve. Notg 8 Trustog Romuneratlon & Expenses During the year Rev Tracey Day, the Pastor. vms paid remuneration of £1,997 12022 Pastor K Cameron £3,998), and non contributions of£100 (2022 Pastor K Cameron £1881. The Pastor and one Trustee r1Ved £4.476 in reimbursed expenses during the year (2022 £2.383}. Unrestricted donations {lrthes & offerings) from truslees of£4,250 (2022 £2,610) were received during the yèar. Note 9 Related Party Transactions No trustee or other person related to the charity had any personal interest in any contraGt or transaction entered into by the charity. including guarantees. during the year. li