## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year **From** 1[st] November 2021 **To** 31[st] October 2022 ## 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, Penketh Methodist Church, Chapel Road, Penketh Warrington **Postcode WA5 2NB** ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7|**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| ||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|01/11/2021 – 23/05/2022|Governing document
designates the incumbent
Mayor as Trustee| ||Cllr Jean Flaherty|Mayor of Warrington|23/05/2022 – 31/10/2022|Governing document
designates the incumbent
Mayor as Trustee| ||Cllr Pamela Todd|Chair of Stockton
Heath Parish
Council||Governing document
designates the incumbent
Chair of Stockton Heath
Parish Council as Trustee| ||Mr Richard Verrill|Trustee||Appointed as a Circuit
Steward of the Sankey Valley
Methodist Circuit| ||Mr Kenneth Long|Trustee||| **TAR** January 2023 1 |**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)|

The Trust was formed, and the constitution was adopted on 18th August
1965 and subsequently amended on 20th July 1977. A new scheme was
sealed on 23 September 2004, which altered the governing document of the
charity. The scheme was further amended in June 2007, January 2010 and
July 2015.| |---|---| ||
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.| **TAR** January 2023 2 ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. The Trust has strong links with the Methodist Church in the local area. - The Trust Administrator completes the day-to-day grant administration and accounting for the Trust. A contribution is made to the Circuit for office space, stationery etc. - **RISK REVIEW:** A Risk Assessment checklist has been produced as recommended by the Charity Commission. The Chair and Administrator undertake a review annually. Review details are duly recorded in an appropriate Register. Policies are in place governing procedures for expenses and signatories on the bank account. Any matters arising from the risk review are reported at the next Trustee Meeting. - **DATA PROTECTION:** The Fred Pendlebury Trust is registered with the Information Commissioners Office under the Data Protection Act 2018. Registration Number: Z104374. The handling of Data is in accordance with the requirements of the said Act. **TRUSTEES INDUCTION:** Potential Trustees spend time with the Administrator, finding out about the workings of the Trust. A Trustee handbook is available for all Trustees. **FIT AND PROPER PERSONS:** For the purposes of the Finance Act 2010 it is considered that all Trustees are believed to be fit and proper persons to hold the office of Trustee. • ## **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 **Summary of the main** equipment, medical appliances, clothing or in some cases emergency food. **activities undertaken for the** The Trust also offers modest financial assistance to applicants who are in **public benefit in relation to** arrears or have been advised to seek a Debt Recovery Order. **these objects (include within this section the statutory** Individual applicants to the Trust do not have to be pensioners or be in **declaration that trustees have** receipt of any kind of benefit but must be able to show some evidence of **had regard to the guidance** genuine need or financial hardship or distress. **issued by the Charity Commission on public** There are seven Trustees who meet approximately once per month to **benefit)** discuss applications. There is currently a Trustee vacancy. Between meetings grants of up to £350 per applicant can be approved by the Chair and the Deputy Chair, at their discretion. Applications above this amount need to be circulated to all the Trustees with approval required from each one. **TAR** January 2023 3 The Trust receives all its income for its charitable work from investment funds and from interest on reserves. It does not engage in fundraising activities. During this financial year the Trustees have considered 69 grants. These were all for individuals.. All applications to the Trust are referred by agencies such as the Citizens Advice Bureau and agencies supporting vulnerable tenants in social housing. We have received significant feedback from referral organisations and the applicants themselves 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 which meets approximately 10 times a year. 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: - policy on grant making; - policy programme related investment; - 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. **TAR** January 2023 4 Section D Achievements and performance ## **Summary of the main achievements of the charity during the year** |Achievements and performance|Achievements and performance| |---|---| |During this financial year the Trustees have approved grants totalling
£23,488.11, of which applications totalling £1,020 were later withdrawn,
as were three applications from the previous financial year totalling
£1,200.|| |The total sum paid out was £24,494.83 (including gifts for vacuum|| |cleaners and mattress protectors), of which £2,384.84 related to|| |grants outstanding from previous financial years. The amount for gifts|| |was £539.88.|| ||£| |Cleaning|850| |Decorating|164| |Domestic Equipment|152| |Financial Assistance|1070| |Floor Coverings|9,168| |Food|50| |Furnishings|54| |Furniture|3,224| |Garden Work|485| |Mattress Cover Gift|64| |Mobile Devices|83| |Personal Computing|628| |Personal Transport|1,050| |Rent|2,250| |Vacuum Cleaner Gift|476| |White Goods|4,377| During the year, the Trust received refunds of £147.99 for goods and services returned/not required. Income generated from investments was £34.550. The total investment portfolio amounted to £1,075,035 at 31[st] Oct 2022 (value in 2021 £1,168,662) ## **Section E Financial review** **TAR** January 2023 5 ## **Brief statement of the** **charity’s policy on reserves** The Trust currently meets its running costs and grant awards from the interest received on its investments. The Trust keeps between 3 and 6 months cash reserves available for use for these purposes. In order to maintain these levels of cash reserves the Trustees review the grant award criteria (maximum grant and period between repeat applications) twice a year and, if necessary, adjust the grant award criteria to maintain the stated levels of cash reserves. **Details of any funds materially in deficit** None ## **Further financial review details (Optional information)** **INVESTMENT POLICY: The Charity’s only source of funds is from the investment portfolio with income and interest being available for grants.** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); The investments of the Trust are made in accordance with Charity Commission guidelines. These include regard for UK and overseas investment and a proportion of medium risk/balanced investments and gilts. - how expenditure has supported the key objectives of the charity. - of the charity. The Trustees have adopted an ethical investment policy. This commits the - • investment policy and Pendlebury Trust to adopting an ethical policy that prevents it from directly trading in companies that make a profit from gambling, pornography and - objectives including any arms manufacture and dealings. - ethical investment policy adopted. The Trust undertakes no fund raising activities. **TAR** January 2023 6 Other optional information Section G Declaration The tTU5tees declare that they have approved tho trustse$' report above. Signed on behalf of tht ¢harity's trustees SignatLErels1 Full namelsl Position leg Se¢retary, Chair, etcl ftTrJ PA 46-1 Ici Date TAR January 2023 TAR January 2023 Fmd P&￿d￿b￿ryTTl&6t Recei ts and ments accounts CC16a ForthA pfyrtod fr¢m To Section A Receipts and payments Unrestrict•d funds Resldctéd fund$ Endowrnent Total fund5 L4$ty••r A1 R•to1 Bank Ir48r851 In*e51￿rrt Int£￿{￿￿￿) Grants 34 $50 J4J 148 J4.017 Jao SL¢b total(Gross lor ARI 34,691 J4.61 Inv04 See tab￿. AJPa •ntB 24.495 714 Grawern&n1enan 140 sc*JLir*w5 31,492 A4A*¥etand Pur[￿Se￿£cLAw￿￿￿nlls Sub toiAI Tot*ipayNJrenls Jl.B92 P4•t¢Wr*¢W(paymengs) ASTr4ngfers botw•tn lund$ A6¢4•h funds last ￿￿rand Cash this yw•nd 1589 2S401 21095 XX R$atwvnt31S51 W01W23 Section B Statement of assets and liabilittes at the end of the period Unrestrictèd Restric*od Endov4ment ionw451£ >n••w¢É Bf Co*h fvnd¥ 2S8D1 OK R••tr4¢tsd EndDwmpTrt Vnrqylrfctsd •r4*4lv• B3 lttvwslm•nt a•s•ts ¢oIFeWI Fund im4 COIF P￿tEry Fun COIF Unf￿￿&F￿3 loll.￿J 1242 91,12B T11￿Y1￿ana￿￿d Sr B4 Ag#•ts retaffj￿d for charity'¥ own us• DÈVd41s Fur￿l0￿Jh￿h 85 sly￿by￿￿ortrAo1￿¥teP5Q Signatur9 Dat•of Sue Ri R￿ard Veirill- De io. / CCXX F94cco￿lIS8) CHARITY COMMISSION, I FOR ENGLAND ANO WALES, Independent examiner's report on the accounts Section A Independent Examiner's Report Report to tho trusteesl members of Fred Pendlelwry Trust Legacy On accounts for tho year ended 31st OCto￿r 2022 Charity no (rfanyl 242863 Set out on pages Euht and nine I r8POrt to the trustees on my examination of the accounts of the above charty (Ihe Trusf) for the year erKled 31st October 2022. R•$pon$ibblitios and As the charrty tru*ees of the Trust, you are responsible for the preparation ba818 of report of th8 accounts in accordance wrth the requirements of the Chanties Act 2011 ftr* A￿). I report in resp8Ct of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carying out my éxamination, I have followed the applicable Directions given by the Chanty Commission under section 14515){bl of the Act. I have completed my examination. l Confim that no material matters have come to my attention (other than that disclosed below ') in connèction wrth the examination which gives me cause to believa that in, any matenal respect accounting records were not kept in accordance wrth section 130 of the Act or the accounts do not a¢¢ord with the accounting records Independent examinerf8 Statament I have no ¢on¢ems and have come across no other matters in connection wrth th8 examination to which attention should be drawn in order to enable a proper understanding of the a¢counts to be reached. ' Ple8S8 del8t8 the ths in the brackets rfthey do not apply. Slgned: Date: 2011 Name: Rev'd A. A. Clemerts Relevant professlonal qualification(s) or body {if any): Fellow of the Associabon of Chaiity Independent Examiners. Address: 15 Carieton Road, Great Knchyley, Chorley PR6 8TQ IER October 2018