PENYCAE NEIGHBOURHOOD Church of The Nazarene Registered Charity No. 1166548 Board of Trustees. Reportand Financial ststements For the Year Ended 30 September 2024 BELONG GROW SERVE PRAIS E
Penycae Neighbourhood Church of The Nazarene Board of Trustees. Report and Financial ststements Forthe Year Ended 30 September 2024 Index Board of Trustees Report Pages 1-6 Independent Examiners Report Page 7 Financial Statements Pages 8-12
Ponycae Noighl)ourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2024 The Board of Trustees presents tls report and finanaal ststements for the year ended 30 September 2024. Reference and Administrative Inforniation Charity name. Penytse Neighbourhood Chur¢h of The Nazarene Charity Registration Number. The Charity (hereafter referred to as the church) has htstotically been an Excepted Charity, but due to changes in legislation registered as a Charitable Incorporated organisatr.on on 14 April 2016. The registered Chanty Number 1$ 1166548. Stryt Issa Pen-y-cae Wrexham LL14 2PN Principal Address.. Board of Trustees Rev Tracey Day (Chairperson) Mrs Yvonne Girvan INMI) Mr David Davies Isecretsry) Mrs Barbara Richards (Appointed 01109r2023> (Reappointed 1010312024} (Reappointed 10103r2024) (Reappointed 1210312024) (Reappointed 1210312024) Mr Shaun Evans (TreaSur) The Chairperson is ex officio by Nryrtue of their office as Pastor of Penycae Neighbourhood Church ofThe Nazarene and the NYI, NMI and Children's Ministy representatives are also ex officio by wrtue oftheir office vthhin the Church. CustodianlHolding Trustee Church of The Nazarene British l$le$ South Distrid IA CharitatJe Company Limited by Guarantee) acts as custodianlholding Irustee in respect of all Freehold Propeity owned by Penycae NeMJhtrM)urhood Church of The Nazarene.
Penycae Noighbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2024 Principal Staff Rev Traoy Day was appointed Pastor of the thurch on 1 September 2023. Webslte ren Bankers HSBC 17_1g Regènt Street IAtrèxham LL11 1RN Independent Examiner Rev Joseph S Prescott- 16 lthiffield Square. Hunslet. Leeds, LS10 2QA
Penycae Neighbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2024 Structure, Governance and management Structure and Organisation The charitsble organisation was set up on 9 May 1982 with expted tharitable status under a model trust de1 dated 16 February 1953 and tme a Ch2rit8ble Incorporatod Organisation on 14 April 2018. Trustee Appointments The Pastor of the church 15 ex-officwJ the chairperson of the Board of Tnjstees and their FX)Srtion is reviewed Iwo years after apFM)intment and then every four years after that. The remaining Trustees are apwinta annually by the members of Penycae Neighbourhood Church of The Nazarene at the annual general meeting held in Febnjary each year. Governance and Wlder Network The Board of Trustees meets regulaty, nonnalty on a monthly basis to consider the work and management of the church and assess and plan the financial and other aspects oflhe work and direction of the charity. The church is a member of the Church of The Nazarene British Isles South District la CharitatAe Company Limited by Guarantee) who in tum is a member of The Intemational Church of The Nazarene Inc vthich has headquarters in Lenexa, Kansas, USA. The charity, and the wKler nets%t*rk it is a mernber of, are all govemed by the Manual ofthe Intemational Church of The Nazarene Inc which is subject to amendment on a quadrennial basis at the General Assemb of The Intemational Church of The Nazarene Inc. The last General Assembty took place in June 2023. The next General Assemb will tske place in June 2027. Risk Management The risk management strategy of the thurth in a ntinual pr(w of foMiulatn in response to the GhangiThJ orcumstsnGes that C¢Id impaGt upon the wot1( of the church. The B¢Jard of Trustees, in considerin9 this important task, take direction fr¢Jn on-going discussions wtth members both intemalty and through meelings with the ChU[h of The Nazarene British Isles South District and other advisers, adopting appropriate policies as required or as they become necessary to the ongoing work of the church. Objectives and Activities Charitable Object The ob'ect of the cha Interna ional Church of is the advanment of the Christian failh as part of the e Nazarene Inc. VVhat- Education, training and recreation o- Children, Yng Feople, eldety peopte. other defined groups and the general public How - Provides buildings, fa.1.es, services, advtracy. advi and information
Penycae Neighbourhood Church of The Nazarene Report of the Board of Trustees for thp Year Ended 30 September 2024 Objectives and Activltles (conttnued) Public Benefit The Trustees have had due regard to the Charity Commission guitjance on publ benefft reporting in deciding what activrties the chanty should undertake. This retort illustrates the actfvitie8 undertaken to 8UPPOrt the public benefft requiremenL Review of the Year The aims for the year included- Conlinuation of weekty Chnstian worship meetings and promolion of the Christian fatth in accordance with the principles of the Church of The Nazarene. Work with children arK1 young peop to promote the Christian faith and providèlocal social benefTL The Chur¢h held a successful weekend away ai Quints Gh[iStn Centre whiGh helped to foster meaningful relationships behveen (%ngregats"on members of all ages and helped deepen their spirilual experience. Support of the new Penycae Ftying Start charity who continued to be located in the church buikling. This supports tildren from refeTred families in the local neighborhocKI. The registered provKler Janet Dean is a rrEmber of the church and the chur¢h board supp)rt her as she manages the projecl. There was a steep decline in Ihe numbers of children accessing the Centre, which lead lo a decrease in funding. Weekty mlings continued for the more mature individuals in the Penycae area. Continuing to develop links wrth the thal comrnunity. to enhanGe the involvement of the church wrth relevant bGal agenGies on behalf ofthe k)cal communty. Continue to partner wtth and make the church building 8V8ilable to relevant local agencies seeking to benefrt the local communty, such agencies include but are not restricted to Wrexham County Borough Counol, T.C.G. and lo(xl Gommunity forums. Signifi¢ant aGtivitres during the perKyJ include: Weekly worship services conducted by Pastor Traw Day wrth assistance and input from the pastoral and w¢)rship teams. Youth meetings (during tem time) for interactM)n in a safe environment to enable them to grow and develop spirilualty, socialty and individually. These meeting$ would usualty be weekty. WeeY Wednesday meetings (Dimen$ions}. Partnering wrth the R education through the istar8d Porson, jan Dean, who provides eaty years lying Start initiative in thé church building. Partnering with T.C.C. to explore social inclusK)n activtt*s. Partnerin with GNen to Shine to provide food and care paGkage$ in Ihe local commun Provision of the buihjing as a tx)Iling ststion for the )mrnunty. Visitation of tN)th members arKI othets in the local communty in times of need or by request_ Availabilty forweddings and funerals and other ol significanGe. Pastor Tiacey Day has undertaken funeral SeNs. baptisms and dedicalions during the period.
Penycae Nelghbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2024 Achièvèments during the year include". Continued spiritual friends of Penycae rowth and lSonal devek)pment for memtETS, attenders and ewJhtx)uthood Church oflhe Nazarene. We have with weekty Servi to allow members to attend the $ervyces and fellowship wrth each other. Pastoral care WOT1( has continued, through vists, phone calls and video link up as approprialo to th@ grtuatk)n. rtunities and interaction Continued development of the S(la1 and educational OPEat wrth the local communty through and wtih organisations we partner with. The charitS trustees reviewe¢ polioes lo further the char$. ac¢ountabilty, compliance and professionalism in key areas. Volunteers The work planned, activtties undertaken and achievements attainèj woukd not have been possible without the active involvement and hard work of all of the members and friends of the chanty wrthout whom the Substantial work ofthe chartty could not be realised. The B(wd of Trustees is grateful for the wotk and support of all the members and friends of Penycae Neighbouthood Church of The Nazare. Financial Review Reserves The charity does not have a Fdicy on reserves as the expenditure and Work of the chanty is reliant upon the ongoing supporL lrthes and offerings of the members and friends received at the Week meetings. The Board of Tnjstees reviews on a monthly basis the anticipated income and expenditure for the next to three months in order to ensure the ongoing work of the charity. Flnancial Review of the Year The charity has continued throughout the perKKI to meet and taibr the expenditure rt incur5 to the income received through rent for use of the building and through the offetings and donations received. The trustees encourage those that can, to pay direct to the charity by slanding order while cash ks counted weekly by Iwo trustees. The receipts and paymerrt account shows thatthere was a nel increase in Ga5h furHls during the year of £1,536. this t(NJether with the reduction in the liabilities, the loan to Flying Start £5,500 and mortgage on the manse of£3,538. gave an over211 increase in funds of£10,574, as detailed by the assets and liabilities in the financial statements. £100,757 of the unreslnGled funds are set aside in desvJnatl funds leaving £11,189 of general funds avaiLable as cash in hand and at the bank. Al the end of the summer teTm Penycae Ftying Slart requested the Church help fund the setting until the funding was reIVed for the September tem. A loan was made to the charity of £5.500.
Penycae Neighbourhood Church of The Nazarene Report of the Board of Trustees for the Year Ended 30 September 2024 Plans for FUre Perlods The trustees are in consuttation regarding communty benefft grants to update the kitchen and replace the gas central heating boiler. The trustees are hoping to expand the of trustees ty up to iwo peop. We conlinue to plan forthe future through prayer, thnning and sttategy meetings, however in the end we accept Ihat we rety on our Father Gc#J lo enable, entrage and guide us into the flrture that He has planned. Declaration The Trustees djare that they have approved the twstees, r8POrt above. Signed on beha ofthe ¢haritls tru3tees. Rev T K Day (Chairperson) Mr D Davies (Trustee)
Penycae Neighl)ourhood Church of The Nazarene Indepèndent Examlners Report to the Trnstses for tha Yoar Endod 30 S•ptembor 2024 I report to the tntstees on my examination ofthe arUnts of the above clk8rty for the year ended 30 September 2024, which arè set oul on pages 8 to 12. Respeclive responsibilitses of trustees and examiner As the charity trustees, you are resportsible for the preparation of the actounts in accordance with the Charilies Act 20111lhe Arf). I réport in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examination, I have followed all the applicabte directions gtven by the Charity Commission under section 145151(b) of the Act. Independent examinerfs statemgnt I have completed my examination. I confinn that no material maiters have come to my attention in connection with the examinalion which gives me cause to beIve that in, any matenal respect: the accounting records were not kept in accordance wrth section 130 of the Act.. or the a¢¢ounts did nol accord wrth the accounting records., or the accounts did not compty wtlh the apicab requirements concerning the fotm and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 olher than any requirement that the accounts give a Yrue and faif view which is not a matter considered as part of an independent eXaminan. I have no concems and have come across no other matters in conneclK)n with the examination lo which attention should be drawn in this rerth in order to enatle a proper urK18rstanding of the accounts to b8 reached 7.7.r)Qt Rev. Joseph S PresGott Independent Examiner Date: 8th Juty 2025
Penycae Nelghbourhood Churth ofThg Nazaxe Recelpts & Payments Account For the Year Ended 30 Septernbor 2024 Unrg8trl¢ted FundB unresb1ct Funds Year Ended 30 Year Ended 30 Septsmbw 2024 Septemb•r 2023 Note Roc•ipt• Tthes & Offerings GiftArt Tax ReceNe(J Rents R1ved Gifts to Church Event Income Other Incorne Interest Grant from BISD Church ofTh Nazaw 19, 7.867 14,334 8.280 2,877 528 11.3C 17,410 2,035 200 250 2,OCKJ 32,983 Expenditure Pastors Salgry & EnF4oyer8 NIG Employers NIC Pastors Penston Pastor & Trustee. Mile•ae & Travel E>Fenses Manse UtileS Manse- Council Tax & Vvater Rates Manse- Mortgage payments Church- W81er Rates and Light & Heat chUh Inlemel & Ph)ng Events Expenses CanIng. PaperTry4veb. Soap * Repairs Websitg & Licenses Flying Start- Loan Church & Manse InsLFrarKe Gifts Paid Out to Individual$ & Charibes Grant to Flying Stsrt Miscellaneous District & NMI Budgets 8anK Charges 12,fAKJ 1,997 830 3.134 S$8 5,185 6.941 5,026 6.765 3,741 1.085 412 5.351 3.209 423 5,500 1.839 1.193 5.761 1.572 1,357 3,15g 154 117 S2,9 33,222 Exce Expendltrjre Obyr In¢om for the Year -239 B•lance Brought Forw•Yd 5,719 Balanco Carried Forward 7.016
P•nycae Nolghl)ourhood Church Th• Nazarene As8et8 and Ll•bilities as at 30 September2024 2024 2023 Cash •t8ank &ln Hand HSBC Bank knnt Cash Ba 5,425 7,016 5.480 Fr99hold Inv08tsnOnt Propwty 192 Ffordd Llannerth Revalu"on Res 117.945 117.915 Dgbtor8 Loan to Penycae F'n Start Total Assets 127.516 120.480 Curyent Llablliti•s Long Tem) Li•bili¢1g¥ Mortgagewth Vemon B(l1rj Soaety 15.S70 19.108 Total abill8 15,570 19,10B Net Aets 111.946 1D1,372 Representsd By: Unr•stricted Fund• General Fun Designated Funds 5&6 11,189 ICE Fund - Sokr Panel Fund - Mountain &"ke FurK - YoLJth & Children Fsjnd - Capital Fund - Revaluats'on R&serv8 SS8 5&6 5&8 5&6 5&6 5&6 611 2.389 28 158 98.837 216 1(Y2,375 111.946 101.372 Thè Church also cw4ns the Lurch tyJiKlings, fixture3. frtb"r@s and rrtents 5tiJated at Stryt Isso, Pen-y-oae. WreyJ)8m, LL14 2PN. for whth orNJinal cx)sl tjetails a not 8v81Lqb. The Mortgage with Vemon BuildirrfJ Souety is 5ecur•J on the PWDpety, 1¥2 Fford Uannèreh. PeTr-Y. Wrexham, LL14 2NG and has 3 years 6 Mlh8 tt) run. The ban lo Perrycae Flying Stsrt lr1terestte an¢J repaythe on dwn*l.
Penycae Neighbourhood Church of The Nazarene Note8 to Accounts for the Year Ended 30 September 2024 Not• 1 Summary ofOlh•r In¢om• 2024 2023 Grant- Penycae CornmL#)rty Cwnal Collection for HLrw Gift in merrrfJry of Dorthy Evans Mi$$ionary SuThlry 229 1(Kl 80 120 Total 200 Noto2 Mortgage wlth Vernon Bulldlng So¢*ty 2024 2023 Balanee Brought Forward Interest Charged 19.108 1.627 22.630 1,504 20,735 5,165 24,134 5,026 Repaymènts made Balan¢e Carri•d Fonvard 1S.570 19.108 Note 3 Sunwnary of Repalr8 2024 2023 Manse propety rtyairs Church property repairs New Cook8r Jet Washer 2,603 2.748 497 824 59 Totsl 5,351 10
Penycae Neighbourhood Church of The Nazarene Notes to Accounts for the Period Ended 30 September 2024 Nots4 Mlse•llan•ous 2024 2023 TV Licence Zettle Card Reader Christian Re5{XJr Matertals Pnth"ng. Postage & Stationèry Computer CoverFlan TCC, CCPAS and Avow Memtership Fees Fees re wages, Pensths & GÈftA Pulpt ¢oveF SunLly Eypenses 159 253 132 132 266 28 Totsl 635 Nots5 Movtment In Fund• Balance Incomlng Outyolng 0111012023 Rèsources Resourc88 Tratthrn Balance 3010912024 Gener* Fund Solar Pa1 Fund Mountain Bike Guding Fund Youtr & Children ICE Fund Capital Fund Revaluation Reserve IW5 47, 43.153 3,932 11.189 28 158 -28 28 -1.970 216 510 318 98.837 102,375 101,3n Mo45 43A71 111,946 11
Penycae Neighbourhood Church of The Nazarene Notes to Accounts for the Year Ended 30 September 2024 Note 7 Purpose of Funds General Fund This is unrestncted fiJnds for use to achieve the aims and objedives of the charlty. Solar Panel Fund This ts an unrestricted fund designated lo enter the montes receNed and expended for the installati)n of solar panels on the sothh facing roof of the church. ICE Fund This fund is money thal has been raised or set aswje to cover unexpected expenses that may arise. Mounlain Bike Guiding Fund This is an unrestricted fund designated to enter the monies receNed and expended on the Mountsin Bike GuKling Prtsjram. Youth & Childr¢n Fund This is an unrestrthd fund designated to enter the monies received aThJ expended on the youth programs. Capital Fund This is an unreslricted fund desMJnated to hold the freehold cost of the manse and entsr the monies received and expended on the mortgage on this freehold. Revaluation Reserve The 500h ofthe manse property purchased by the church al 192 Ffordd Llanerch was revalued in line wrth the market value of the lurther 50Yo of the property re¢eived from the Church of The Nazarene British Isles South District and the loss all¢xated to this reserve. Noto 8 Trustee Romunoration & Expfrnses During the year Tracey Day, Ihe Pastor, YRS paid remuneration of £12,600 (2023 £1.9971, and pension conlributions of £630 (2023 £100). The Pastor and Trustees reIved £708 in reimbursed expens68 during the year {2023 £4.4761. unreStrted donations {tithes & offerings) from trustees of£2.610 (2023 £4,250) were re1Ved during the year. Note 9 Related Party Transactlons No trustee or other person related to the charity had any personal interest in any contract or transactton entered into by the ¢harty, induding guarantees, during the year.