2021-03-31-accounts

Objectives and	Activ	itie	s
			SORP reference
Summary ofthe purposes		of	Para 11r	The object ofthe Trust is to support and
the charity as set out	in its			encourage Christian organisations,
governing document				individuals and work worldwide
Summary ofthe main activities in relation to those			Para 1.17and 1.19	Grants are made to Christian organisations and individuals who work worldwide to help
purposes for the public				alleviate poverty, provide education and
benefit, in particular,	the			promote religious activities. The grants	are
activities, projects or				pre-approved by the Trustees and the
services identified in	the			Penny Trust facilitates the distribution	of
accounts.				the donations received.
Statement confirming			Para 1.18	The Penny Trust has complied with the
whether the trustees	have			duty in section 4ofthe 2006 Charities	Act
had regard to the guidance				to have due regard to guidance published
issued by the Charity				by the Charity Commission (i.e. public
Commission on public				benefit statement).
benefit

ou ma c	ho	ose to	include fu	rther statement
				SORP reference
				Para 1.38
Policy on	grant making
				Para 1.38
Policy on	social investment
including	program		related
investment
				Para 1.38
Contribution		made	by
volunteers

		SORP reference
			Throughout	the year, the		Charity facilitated
			the distribution		ofgrants	in the		amount of
			k94,625.
Summary ofthe main achievements ofthe charity,		Para 1.20	All ofthese accordance	grants were made with the Charity's				in objectives of
identifying	the difference the		supporting	and encouraging			Christian
charity's	work has made to		organisations		and individuals.
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.

Achievements against	Para 1.41
objectives set
Performance offundraising
activities against objectives	Para 1,41
set
Investment performance	Para 1.41
against objectives
Other

inanc	ial Review	ial Review
Review	ofthe charity's			Para 1.21	The Charity		held unrestricted				funds of
financial	position at	the end			E13,508	and restricted			funds ofE9,348			at
ofthe	eriod				the ear-end.
Statement explaining		the		Para 1.22	Restricted		funds are held			and	then
policy for holding reserves					distributed		in accordance			with	donor
stating	why they are	held			wishes.	Unrestricted			funds are held for
					both administrative			purposes			and for
					distribution		to good	causes as decided				by
					the Trustees.
Amount	ofreserves	held		Para 1.22	822 856
Reasons for holding		zero		Para 1.22	NfA
reserves
Details	offund materially		in	Para 1.24	None
deficit
Explanation ofany				Para 1.23	None
uncertainties about the
charity	continuing as a going
concern

The charity's principal sources offunds (including	Para 1.47
any fundraising)
Investment policy and objectives including any	Para 1.46
social investment policy
adopted
A description ofthe principal	Para 1.46
risks facing the charity
Other

Description ofcharity's
trusts:
Type of governing document		Trust Deed
!trust !ccu ro al charier.
How is the charity	Para 1.25	Trust
constituted?
(e.g unincorporated
association, CIOl
Trustee selection methods	Para 1.25	Appointed	at Trustee Meetings
including details ofany
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

Policies and procedures adopted for the induction	Policies and procedures adopted for the induction	Para 1.51
and training	oftrustees
The charity's organisational structure and any wider		Para 1.51
network with	which the
charity works
Relationship	with any related	Para 1.51
parties
Other

Chari	name			The Penn	Trust
Other name the chari			uses
Re istered charit		number		265887
Charity's	principal	address		24 Harding	Close
				Redbo urn
				AL3 7NT

ames	ofthe charity tr	ustees who manage	the charity
	Trustee name	Office (ifany)	Dates acted Ifnot for whole ear	Name to a	ofperson (or body) entitled oint trustee ifan
1	Mrs R Fry	Chair
2	Mr A Cordle		April-Sep 2020
3	Mr M Green
4	Mr M Hopkins
5	Ms SAvery
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

							~	~ ~		~ ~	~	~ ~
									Unrestricted		Restricted		Endowment
		Categories			Details					funds		funds	funds
									to	nearest 5	to	nearest 5	to nearest 5
61Cash funds					Cash at bank and		in hand			13,508		0,555
							Total cash funds			13,508		0,556
					Isgrss	balances	with iscsipis scd payments
								scccuci(s))
									Unrestricted		Restricted		Endowment
										funds		funds	funds
					Details				to	nsssssi 6	lo	nssrssi 5	io nearest 5
B2Other monetary				assets
					Details				Fund towhich asset bslon s		Cost (opeonal)		Current value o ionsl
63Investment			assets
					Details				Fund to which asset bslon		Cost	(opeonsl)	Current value o lonsl
64Assets retained				for the
charity's		own	use
									Fund	to which	Allison't dus		When dus
					Details				lisbili	rslslss	o	lionsl	o icosi
85 Liabilities					Independent	examiner's lse			Unrestricted			600
Signed behalf	by one or two trustees on ofall the trustees					Signature				Print	Name		Date of s oval

Section	B Statement	ofassets	and	liabilities	at	the end ofthe period I ~E5~~
						~RBRI~KB~

				~	~ ~	~ ~	~ ~ ~
						Unrestricted	Restricted	Endowment
Categories		Details				funds	funds	funds
						to noaroei 0	to nearest 5	to nearest 0
B1Cash funds		Cash at bank ahd		in hand		13,500	0,550
				Total cash funds		13,508	0,558
		(corer	balances	with rccciplc cod paymcclc
					accccci(c))
						Unrestricted	Restricted	Endowment
						funds	funds	funds
		Details				to nearest 0	to noaroata	to nearest 5
62 Other monetary assets
		Details				Fund towhich aaeet belon	Cost (optional)	Current value 0 ional
63 Investment	assets
		Details				Fund to which asset bolon	Cost loptionag	Current value o local
64Assets retained for the
charit)f 0 own	use
						Fund towhich	Amount due	When duo
		Details				liabili relates	o tiooal	lonal
BSLiabilities		Independent	examiners foo			Unrestricted	000
Signed by one or two trustees on behalf ofaa the trustees			Signature			Print	Name	Date of a val
CCXXR2accou	nts(SS)							26/1 0/2021