Fred Pendlebury Trust Charity No: 242863 FRED PENDLEBURY TRUST LEGACY Accounts, Trustees Annual Report & Independent Examiners Report For Financial Year Ending 31st October 2024 Page 1 Trustees Annual Report Page 9 Receipts and Payments Accounts Page 10 ststement of Assets and Liabilities Page11 Independent Examiners Report
Trustees. Annual Report for the period Period start date i Mcnth Period end date ', Month Year From To ?4=. 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, 1st Floor, Penketh Methodist Church, Chapel Road, Penketh Warrington Postcode WAS 2NB Names of the charity trustees who manage the charity Trustee name Office lif any) Datss acted if not for whole year Name of person lor body) entitled to appoint trustee (if an Chair Appointed as a Circuit Steward of the Sankey Valley Methodist Circuit Appointed by the Sankey Valley Methodist Circuit as a presbyter engaged in ministry in the Warrington Unitary Authority Governing document designates the incumbent Mayor as Trustee Governing document designates the incumbent Mayor as Trustee Goveming document designates the incumbent Chair of Stockton Heath Parish Council as Trustee Mrs Sue Rigby Revd Mark Coles Trustee Cllr Wendy Johnson Mayor of Warrington From 0110712024 Cllr Steve Wright Mayor of Warrington Until 3010612024 Cllr Laurence Murphy Chair of Stockton Heath Parish Council From 1410512024 Governing document designates the incumbent Chair of Stockton Heath Parish Council as Trustee Cllr Helen Dutton Chair of Stockton Heath Parish Council Until 1410512024 TAR January 2025
Mr Richard Verrill Trustee Appointed as a Circuit Steward of the Sankey Valley Methodist Circuit Mr Kenneth Long Mr Alan Rogers Trustee Trustee Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole ear NIA Names and addresses of advisers (Optional infomlation e 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, IVN8 6bvr Name of chief executive or names of senior staff members (Optional infomiation) Grant administration and accounts - Mrs Chris Ralston TAR January 2025
Section B Structure, overnance and mana ement Description of the charity's trusts 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 Jul 2015. The Charity is constituted as a Trust. Type of governing document How the charity is constituted Twstee selection methods In accordan with the goveming document five of the Trustees are appointed by virtue of the Offi they hold. These are.. Two Circuit Stewards from the Sankey Valley Methodist Circuit A presbyter from the Sankey Valley Methodist Circurt 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 Twstees. Those trustees must be members of a Methodist Church within the Warrington Unitary ALrthority which fomis part of the area encompassed by the Sankey Valley Methodist Circuit. TAR January 2025
Additional governance issues (Optional infonnation) You may choose to include additional information, where relevant, about: 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 offi space, stationery etc. RISKS: Trust's main risk arises from misuse of awards (e.g. applicants benefitting financially from awards made). This is mitigated by a policy that the Trust purchases the goods and ServIS requested and, only under exceptional circumstances, makes direct payment to individual applicants. Bank Transfers are the preferred method of payment which require dual authorisation. Four Trustees have access to the bank account so transactions can be monitored. Applications are not generally accepted from individual self-referrers and must be made by local referring agencies working with vulnerable individuals. 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 accordan with the requirements of the said Act. 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 prOdureS to manage them. TRUSTEES INDUCTION: Potential Trustees are briefed by the Chair prior to their appointment. 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 Offi of Trustee. Section C Ob"ectives and activities CHARITABLE OBJECTS: To relieve either generally or individually persons of 50 years of age or over who were bom or are resident in the area of benefit and who are in conditions of need, hardship or distress (for further details see clause 19 of the scheme). The area of benefit is defined as the Warrington Unitary Authority. Summary of the objects of the charity set out in its governing document Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) 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 fumishings, essential repairs or decoration, access equipment, medical appliances, clothing or in some cases emergency food. The Trust also offers modest financial assistan to applicants who are in arrears. Individual applicants to the Trust do not have to be pensioners or be in receipt of any kind of benefit but must be able to show some evidence of genuine need or financial hardship or distress. The Trust takes referrals from organisations working with the vulnerable within the area of benefit, TAR January 2025
There are seven Trustees who meet 8 to 10 times per year to discuss applications. Between meetings emergency grants of up to £400 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. During this financial year the Trustees have considered 54 applications. We have received significant feedback from referral organisations and the applicants themselves advising that the items purchased with grant assistance make a huge differen 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 serrf1. The trustees confirm that they have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in setting the grant making policy for the ear. Additional details of objectives and activities O tional inforniation 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 limrts, the decision to award a grant is made by the trustee panel meeting to discuss the applications which meets 8 to O 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. CONTROL OF FINANCE AND INVESTMENT ASSETS: Note. The Trust employs an administrator to manage the grant making administration and financial book-keeping and ofFice space is provided by the Sankey Valley Methodist Circuit for which a small charge is made. i) A full financial report is presented to the Trustees at bi-annual general 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 securty 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 accordan with the Trust's ethical olic and attitude to risk. You may choose to include further statements, where relevant, about.. policy on grant making; policy programme related investment., contribution made by volunteers. Section D Achievements and performance TAR January 2025
Section D Achievements and performance Summary of the main achievements of the charity during the year During this financial year the Trustees have approved grants totalling £20,927.30, of which applications totalling £925 were later withdrawn, as were three applications from the previous financial year totalling £680. The total sum paid out was £24,397.60 (including grfts for vacuum cleaners and mattress protectors), of which £5,353.99 related to grants outstanding from previous financial years. The amount for gifts was £466.31. Decorating Domestic Equipment Financial Assistance Fitting Floor Coverings Fumishings Fumiture Garden Work (inc furniture) Heating and Lighting Mattress Cover Grft Medical Personal Transport inc mobility aids Removal and Storage Respite Care Vacuum Cleaner Gift White Goods 1,160 200 90 220 10,310 711 2,701 887 55 319 1,620 750 798 531 3,761 During the year, the Trust received refunds of £74 for goods and services returnedlnot required. Income generated from investments was £35,512.72 The total investment portfolio amounted to £1,142,738.92 at 31st Oct 2024 (value in 2023 £1,038,943.85) Section E Financial review TAR January 2025
The Trust cUentlY 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 resenies the Trustees review the grant award criteria (maximum grant and period between reFeat applications) twice a year and, if necessary, adjust the grant award criteria to maintain the stated levels of cash reserves. Brief ststement of the charity's policy on reserves Details of any funds materially in deficit None Further financial review details (Optional inforniation) INVESTMENT POLICY: The Charity's only Sour 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)- how expenditure has supported the key objectives of the charity. investment policy and objectives including any ethical investment policy adopted. The investments of the Trust are made in accordance with Charity Commission guidelines and are managed by CCLA Investment Management. The Trustees have adopted an ethical investment policy. This commits the Pendlebury Trust to adopting an ethical policy that prevents it from directly trading in companies that make a profit from gambling, pornography and anns manufacture and dealings. This is why the Trust has chosen to invest via CCLA. The Trust undertakes no fund raisin activities. TAR January 2025
Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) IWITRICI A 12Aa&Y fiIci4AE V&&fYf/L £kuc 7 C l0rt Gkt*h Date 16. 1.00 TAR January 2025
Fred Pendlebury Trust Receipts and payments accounts CC16a For the period from 0111112023 3111012024 Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year to rwrest £ to the nearest £ to the nearest £ to the nreSt £ A1 Receipts Bank Intest Investment Income lafter tsxl Grants Retumed 35.513 74 35.513 74 34.995 1.446 Sub total (Gmss income for AR) 35.587 35.587 A2 Asset and investrnent sales, {see table). Toial Sha sales Sub total 35,587 35,587 36,440 A3 Payments Charitable Grants Office expenses and administrator salary 25,179 25.179 22,762 6.803 6,803 6,669 200 150 Grave maintenance Independent Examiners fee Miscellaneous 150 150 Sub total 32.432 32.432 29,825 A4 Asset and inveslment purchases, (see table) Purchase of CCLA Income Unts Sub total 32,432 32,432 29.825 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 3.155 3,155 6,616 32,416 35,572 32,416 35.572 25,801 32,416
Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nearest £ Restricted funds to néarest £ Endowment funds to nearest £ Categories Detsils B1 Cash funds Bank Cuffent Ao)wnl 35.572 Total cash funds 35,572 OK Restricted to rrns1 £ OK Endowment to near•st £ Unrestricted lo nearest £ Details Fvnd to whi¢h asset belo Current valuè onal 939.627 Details COIF Ethical Fund A Cost loptionall 561,884 83 Investment assets COIF Priwy FuThJ 100,C 103,505 COIF Ethical FuThJ B Enth)wnwt 99,607 Fund to which Current valuè Ootails Cost loptionall 84 Assets retained for the charity's own use Fund to which Amount duo When due Details B5 Liabilities Sned by one or trustees on behalf of all the trustees Print Name Date of Signature Sue Ri Chair Richard Verrill - De Chair
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Fred Pendlebury Trust Legacy On accounts for the year ended 31 October 2024 Charity no 242863 Set out on pages Nine and ten I report to the trustees on my examination of the accounts of the above charity (Yhe Trust") for the year ended 31 October 2023. Responsibiliti88 and As the charity trustees of the Trust, you are responsible for the preparation basis of reportl of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act") 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 the applicable Directions given by the Charty Commission under section 145(5){b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: 3181 January 2025. Nam6: Rev'd. Alan A. Clements. Relevant professional qualification(s) or body (if any): Fellow Association of Charity Independent Examiners Address.. 15 Carleton Road, Great Knowley, Chorley PR6 8TQ. IER October 2018