Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 1[st] November 2020 To 31[st] October 2021
Section A Reference and administration details
Charity name Fred Pendlebury Trust Legacy Other names charity is known by - Registered charity number (if any) 242863
Charity's principal address CRC, 1[st] Floor, Bold Street Methodist Church, Palmyra Square North, Warrington Postcode WA1 1JQ
Names of the charity trustees who manage the charity
| 1 2 3 4 6 7 8 9 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Mrs Sue Rigby | Chair | Appointed as a Circuit Steward of the Sankey Valley Methodist Circuit |
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| Mr Geoff Dutton | Deputy Chair | 01/11/2020 – 06/07/2021 | Appointed as a Circuit Steward of the Sankey Valley Methodist Circuit |
|
| Revd Mark Coles | Trustee | Appointed by the Sankey Valley Methodist Circuit as a presbyter engaged in ministry in the Warrington Unitary Authority |
||
| Cllr Maureen Creaghan |
Mayor of Warrington | Governing document designates the incumbent Mayor as Trustee |
||
| Cllr Laurence Murphy |
Chair of Stockton Heath Parish Council |
01/11/2020 – 18/05/2021 | Governing document designates the incumbent Chair of Stockton Heath Parish Council as Trustee |
|
| Cllr Pamela Todd | Chair of Stockton Heath Parish Council |
18/05/2021 - 31/10/2021 | Governing document designates the incumbent Chair of Stockton Heath Parish Council as Trustee |
|
| Mr Richard Verrill | Trustee | |||
| Mr Kenneth Long | Trustee |
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| Names of the trustees for the charity, if any, (for example, any custodian trustees) | Names of the trustees for the charity, if any, (for example, any custodian trustees) |
|---|---|
| Name | Dates acted if not for whole year |
| N/A | |
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Investment Managers | COIF | CCLA, Investment Management Limited Senator House, 85 Queen Victoria Street, London, EC4V 4ET |
| Bankers | The Cooperative Bank |
PO Box 250, Skelmersdale, WN8 6WT |
Name of chief executive or names of senior staff members (Optional information)
Grant administration and accounts – Mrs Chris Ralston
Section B Structure, governance and management
Description of the charity’s trusts
| Type of governing document (eg. trust deed, constitution) How the charity is constituted (eg. trust, association, company) Trustee selection methods (eg. appointed by, elected by) |
Trust Deed |
|---|---|
The Charity is constituted as a Trust. |
|
In accordance with the governing document five of the Trustees are appointed by virtue of the office they hold. These are: • Two Circuit Stewards from the Sankey Valley Methodist Circuit • A presbyter from the Sankey Valley Methodist Circuit engaged in ministry within the Warrington Unitary Authority • The Mayor of Warrington • The Chair of Stockton Heath Parish Council Two further trustees are appointed by the Trustees. Those trustees must be members of a Methodist Church within the Warrington Unitary Authority which forms part of the area encompassed by the Sankey Valley Methodist Circuit. |
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Additional governance issues (Optional information)
You may choose to include The Trust has strong links with the Methodist Church in the local area and additional information, where uses office space within the Sankey Valley Circuit Office for which it relevant, about: makes a financial contribution to the Circuit.
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policies and procedures In addition to the Trustees, the Trust has a paid Administrator who adopted for the induction and completes the day-to-day grant administration and accounting for the training of trustees; Trust.
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the charity’s organisational structure and any wider network with which the charity works;
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A Trustee handbook, including copies of the governing documents, is made available to new Trustees.
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The Trust works closely with local social housing and support agencies
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charity works; and other organisations such as Citizens’ Advice whose referrals form the
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• relationship with any related majority of our grant applications.
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parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
•
Section C Objectives and activities
CHARITABLE OBJECTS: The Fred Pendlebury Trust exists primarily to Summary of the objects of the grant financial help to those aged 50 and over who live within the area of the charity set out in its Warrington Unitary Authority. The original area of benefit being amended governing document 23[rd] September 2004.
The object of the Trust is for the benefit of those who are over 50 years of age and are resident in the Warrington area, in particular but not exclusively by offering grants to cover the financial costs of items such as kitchen appliances, domestic furnishings, essential repairs or decoration, access equipment, medical appliances, clothing or in some cases emergency food. Individual applicants to the Trust do not have to be pensioners or be in Summary of the main receipt of any kind of benefit but must be able to show some evidence of activities undertaken for the genuine need or financial hardship or distress. public benefit in relation to these objects (include within There are seven Trustees who meet approximately once per month to this section the statutory discuss applications. Between meetings grants of up to £350 per applicant declaration that trustees have can be approved by the Chair and the Deputy Chair, at their discretion. had regard to the guidance Applications above this amount need to be circulated to all the Trustees with issued by the Charity approval required from each one. Commission on public benefit) The Trust receives all its income for its charitable work from investment fund. It does not engage in fundraising activities.
During this financial year the Trustees have considered 87 grants. These were all for individuals. At the AGM in January 2014, the Trustees agreed a match funding scheme with Warrington Borough Council for small works for homeowners. The Trust has received no applications this financial year. At a meeting in January 2019, the Trustees agreed that money would be put aside each month for this purpose, but that the arrangement would only run
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for a further 2 financial years. This period has now lapsed, so any monies accrued for the matched funding have now reverted to the main account.
The majority of the Trust’s applications are referred by agencies such as the Citizens Advice Bureau and agencies supporting vulnerable tenants in social housing. Four applications this year were self-referrals from the general public.
We have received significant feedback from referral organisations advising that the items purchased with grant assistance make a huge difference to the lives of the individuals concerned.
Over the financial year the Trust has received thank you letters and emails from successful grant applicants.
With its strong Methodist connection, the Trust undertakes to bring a Christian ethos to all its work by offering a compassionate and understanding service.
The Trustees future strategy will be to consider how we meet an ever growing demand on our services and how we best equip ourselves to be able to respond to the needs generated by welfare/benefit changes.
Additional details of objectives and activities (Optional information)
CONTROL OF GRANT MAKING: Before a grant is awarded, the Administrator presents a report with all relevant details to the trustees. Subject to the agreed cash limits, the decision to award a grant is made by the trustee panel meeting to discuss the applications. Payments are made to suppliers and contractors and only in exceptional circumstances direct to a beneficiary so seeking to ensure that grants made are genuinely used according to the purpose stated on the application form.
You may choose to include further statements, where relevant, about:
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policy on grant making;
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policy programme related investment;
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contribution made by volunteers.
CONTROL OF FINANCE AND INVESTMENT ASSETS: Note : The Trust employs an administrator to manage the grant making administration and financial bookkeeping and office space is provided by the Sankey Valley Methodist Circuit. A charge for services rendered by the church to the trust is made. Details of such charges are shown in the financial statements of the trust.
i) A full financial report is presented to the Trustees at their bi-annual meetings, at intervening times the financial position of the Trust is monitored by the Administrator. In the event of unforeseen expenditure, the trustees have sufficient reserves and financial control to minimise any financial risk.
ii) Assets: The Trust generates income for its charitable work from investment funds operated by CCLA, specialist investment management for charities and faith organisations. They are authorised to make investment decisions based on security rather than profit. The monies not invested in this way are temporarily held on deposit with established banks and financial institutions. The investment management team has authority to manage the investments in accordance with the Trust’s ethical policy and attitude to risk.
Section D Achievements and performance
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Section D Achievements and erformance p
Summary of the main achievements of the charity during the year
During this financial year the Trustees have approved grants totalling £21,909.06, of which applications totalling £2,804.11 were later withdrawn, as were two applications from the previous financial year totalling £700.
The total sum paid out was £23,646.93 (including gifts for vacuum cleaners and mattress protectors), of which £3,214.02 related to grants outstanding from previous financial years. The amount for gifts was £703.85.
| as £703.85. | |
|---|---|
| £ | |
| Building Work | 350 |
| Domestic Equipment | 64 |
| Financial Assistance | 450 |
| Fitting | 100 |
| Floor Coverings | 10,692 |
| Furniture | 479 |
| Garden Work | 350 |
| Heating & Lighting | 580 |
| Mattress Cover Gift | 18 |
| Mobile Devices | 199 |
| Personal Transport | 850 |
| Removal and Storage | 350 |
| Rent | 350 |
| Repairs and Renewals | 68 |
| Special Equipment | 793 |
| Vacuum Cleaner Gift | 686 |
| White Goods | 7,296 |
During the year, the Trust received refunds of £380 for goods and services returned/not required.
Income generated from investments was £34.017.
The total investment portfolio amounted to £1,168,662 at 31[st] Oct 2021 (value in 2020 £993,202)
In April 2017, Glanmore Properties were partially liquidated, and the Trust received a further cheque in March 2018 for £289. These shares were not sold off with the other shares in 2014 because of the massive drop in value. In March 2021 the final liquidation payment of £13.19 was made to the Trust
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Section E Financial review
The Trust currently meets its running costs and grant awards from the Brief statement of the interest received on its investments. The Trust keeps between 3 and 6 charity’s policy on reserves months cash reserves available for use for these purposes.
Details of any funds materially None in deficit
Further financial review details (Optional information)
The Charity’s principal source of funds is the income generated by the You may choose to include Trust’s investment funds. The investments cannot be sold for additional additional information, where income without permission from the Charity Commission. relevant about:
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the charity’s principal The Trustees have adopted an ethical investment policy and, as such, has sources of funds (including invested its funds through CCLA Investment Management. any fundraising);
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• how expenditure has The Trust undertakes no fund raising activities. supported the key objectives of the charity;
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• investment policy and objectives including any ethical investment policy adopted.
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Other optional information Section G Declaration The truste85 declare that thèy have approv8d the trusteès, rèport above. Signed on behalf of thè Charity's trust•Ès Signaturelsl Full namelsl Position leg Sècrètsry, Chair, 5iiSAtsJPi*-ni(¥4 Date TAR January 20
Fr•d Pondlèbuty Tyust Recei tsand ments accounts CC16a Irom To Section A Receipts and payments UnrÈstdctÈd R$trl¢t¢J furtd$ In¥ toih•rwf•lt £ l¢thI#Il£ EDdOwmenl Lastyqai 01F XUIF Sub totallGioss I ARI 34SID In¥qslmpn A3Pa nts 23.714 6,Wl GTrvB inter3 Ir[ntElnIrts¢ 150 Sub tot•1 31,0 W2 PurctssecCL4 Ine Uni Sub to 23,042 Neto1Ye¢elpt[Payrne1)ts) A5 Tran61•ty bet¥¢n fun A6 Ca$h In$ L4$ty¢artnd Cash fvnds thts yearend 3.589 23.094 IJ,Q94 19,506 CCXX R8a{s8) 1510212022
Section B Statement of assets and liabilities at the end of the period UnrtstriGtE Endowment lon1£ B1 Cash fund 25,W4 Totsi¢•8h funds IJ.OB4 UnrtstrictEd lortMr4¥t£ R•$trt¢te& EndowM•nt 83 Inv•strn•ntA#¥ets C(AF EkniraiF 561 917.2&8 110,9 COVre9FU 1.4T Ft0hh CurMth¥olu• B4 reta1td forthe harivs own ugq BS Uabllilis PTrTrt Date of Ri RIGh4rd VeMII- De CCXX R$a(£twrt31581 1W0212022
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Roport to tho Irusteesl members of Fred Pendlebury Tntst Le On accounts for the year 31 Odobw 2021 Charity no {If any) 242863 sot out on pag89 EwJht and Nne I rep(Kt to the trust88s my examination of the arUnts ofthe above charity llhe Trusf) for the year ended 3111 Odoir 2021. Re•ponslblliliu and AS the chanty tntslees of Tnmt. you are resw1s1b for the preparation basls of report ol the a(tounts in acc¢xdm wtth the requirements of the Chariiies Act 2011 {Ih8 kr). I report in resped of my exarninatn of the Tnmvs nts carried out undef 145 of the 2011 Act in out my examinatton. I have foll1 the appluble D¥ections given ty the Charity Commission under Sect 145(5)(b) of the Ad. Independent I have completed my examination. I confim) that no material matters have examlnorf8 Stat•mont come to my attentK)n (other than that dtsclosed ') in connection with tre exarnlnati whKh grrfes me cause to bele that in, any material the Act or I have no concerns and hwle come across no other matters In connection with the examination to whth attenti should be drm in tr> enablè a proper understanding of the accounts to be reached. ' P188se delete the in the brnckels rflhey do not 8ppIy. sned. M¢ 1011 Namo: Rerfd A. A. Clements Relovant protesslonal qualM¢atlon(s) or b(Mly (If any): FellN of the Asxtiation of Chanty Independent Examiners. Addrom: 15 Carleton Road, Great Knthvley, Chor PR6 8TQ IER October 2018