REGISTERED CHARITY NUMBER: 1002965 Report of the Trustees and Financial Statements for the Year Ended 31 December 2024 For The Chapel of St. Mary on the Bridge Contents of the Financial Statements For the Year Ended 31 December 2024 Page Report of the Trustees Ito3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statement5 7tolO
Chapel of St. Mary on the Bridge Report of the Trustees For the Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financia5 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} {effective l January 2019). REFERENCE AND ADMINISTRATIVE DETAILS Registered charity number 1002965 Princlpal address Bridge Chapel Trustees The Cathedral Centre 18- 19 Iron Gate Derby DEI 3GP Trustees Ex officio The Very Reverend Dr Peter Robinson Dean Of Derby Chairman Elected MrARPegg Laity member Representatives Mr M Craven Derbyshire Archaeological and Natural History Society The Council for the Care of Churches Mrs E Walker Elected Mrs J Sawford Congregation of St Marls Bridge Chapel Congregation of St MaS Bridge Chapel Congregation of St Mary's Bridge Chapel MrT G Smith Rev Canon S Barby Independent Examiner Drs Lamont Bankers National Westminster Bank PLC 58 St Peterfs Street Derby OEI IXL Solicitors Rothera Bray Solicitors LLP Cathedral Chambers 2 Amen Alley Derby DEI 3GT
Chapel of St. Mary on the Bridge Report of the Trustees For the Year Ended 31 December 2024 STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust dated 7th October 1949, as amended 16 March 1989, and constitutes an unincorporated charity. Recrultment and appolntment of new trustees The ex officio Trustee is the Dean of Derby The elected trustees are appointed annually by the chapter of the Cathedral Church at its statutory meeting. The representatives of the congregation of St Mary's Bridge Chapel are reviewed annually at the meeting of the members of the congregation. The other representatlve trustees are appointed for a term of four years at a meeting convened and held according to the ordinary practice of thelr appointlng body. The person appointed may be, but need not be, a member of the appointing body. Inductlon and training of new trustees The aim of the charity IS to maintain the chapel in good order so that it continues to be suitable for public worship. Consequently, it is not considered necessary to have any formal training of new trustees. Each new trustee is given an information pack that includes a copy of the charity scheme, with amendment, a copy of the declaration of trust and a copy of the latest set of minutes. In addition, trustees receive, from time to time, copies of relevant communications from the Charitv Commission. Trustees, policy The policy of the trustees is to invest in Charitable Funds which will provide a mix of assured regula r income and the ability to accumulate funds in the long term by reinvestment of dividends. In addition, as much as possible of the money needed in the short term is placed In a Charitable Fund which offers advantageous rates of interest. Related parties The representation from the Cathedral is defined in the Charity scheme. Although the Cathedral Chapter has no interest in the property, the Anglican services in the chapel are the responsibility of the Dean of Derby. The trustees are not concerned with these services. The Will, which is the founding document of the St Mary's Charity, of the late Canon Miller states that the trustees of the St Marfs Charity shall be selerted from the trustees of the Chapel of St Mary on the Bridge. The only related party is the St Mary's Charity for the reasons stated above. The two charities operate independently of each other and there have never been any transactions between them. Risk management The trustees have a duty to identlfy and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Chapel of St. Mary on the Bridge Report of the Trustees For the Year Ended 31 December 2024 OBJEcfivES AND AcfiviTIES Objettives and aims The objective of the charity is to maintain the land and buildings of the charity and to facilitate the use of the Chapel forthe purpose of prayer. The main activttie5 remain the letting of the Chapel and adjoining House forvarious activitie5. The rent from the House tenants (see below) and hire charges for the use of the Chapel provide a source of income to coverthe c05t of maintenance, so allowing the continued opening of the Chapel to the public forthe purpose of Christian prayer. The Chapel is now open again to members of the public on most Saturday5 through the summer months and this provides a small but additional income. Significant actlvlties The major activlty in Isummerl 2024 was the complete restoratlon of the windows in Bridge Chapel House. ACHIEVEMENT AND PERFORMANCE Regularsaturday morning services are held in the Chapel under the auspice5 of the Cathedral. Similarly. a monthly Franciscan service is also held along with other occasional services through the year. Sunday morning Anglican services have not been held since the pandemic but a Taizé Style service is held on the first Sunday evening of each month. The Latvian Lutheran church continues to hold one service per month in the Chapel and the Russian Orthodox Church two per month. After the departure of the previous tenants of Bridge Chapel House Ithe Derbyshire Famlty Hlstory Society) in May 2022, the prop.erty was unoccupied (apart from use by Chapel congregations) until May 2024. From that date, the House was leased to Feel Alive, a Community Interest Company who specialise in providing activities of various sorts for mentally challenged adults. The House continues to be available to Chapel congregations as before. FINANCIAL REVIEW ReseNes Policy The Charity's princlpal reserves are held in CCLA investment funds. The trustees are confident that the charity has adequate free reseNes to provide fInancial stability for its activities in accordance with Its aims. This is entirely due to the generousfurther bequest form the Estate of the late Miss A I M Harpur-crewe in early 2020. Flnanclal review In considerin8 the operation, achievement, performance and finances of the charity, the trustees are satisfIed that public benefit has been provlded In the year in accordance with the Charities Act 2011 and the guidance published by the Charity Commission. Approved by order of the board of trustees on .3 i fvpYfr2025 and signed on Its behalf by.. PfA W, The Very Reverend Dr P J A Robinson- Trustee
Independent Examiner's Report to the Trustees of the Chapel of St. Mary on the Bridge I report to the charity trustees on my examination of the accounts of The Chapel of St. Mary on the Bridge for the year ended 31 December 2024, set out on pages 5 to 10. Responslblllties and basis ot report As the chariws trustee5, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'}. I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 I'the ACVI. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by Section 130 of the 2011 Act,. or 2. the accounts do not accord wlth those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Stephen Lamont 14 Pastures Avenue, Littleover, Derby, DE23 4BE Date
Chapel of St. Mary on the Bridge Statement of Financial Activities For the Year Ended 31 December 2024 2024 Total funds 2023 Total funds Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Investment income Legacies 2,318 7,867 10,000 1,521 9,012 Incomlng resources from charitable actlvities Rent Other incoming resources 6,299 44 31 Total incoming resources 26,528 10,564 RESOURCES EXPENDED Charitable activitles Maintenance costs Charitable donatlon (91,322) 17,5131 NET INCOMING / (OUTGOING) RESOURCES {64,7941 3,051 Other recognised galns l {losses} Gains / (losses) on investment assets 8,035 27,990 Net movement in funds (56,7591 31,041 RECONCILIATION OF FUNDS Total funds brought fonNard 335,739 304,698 TOTAL FUNDS CARRIED FORWARD The notes form part of these financial statements.
Chapel of St. Mary on the Bridge Balance Sheet At 31 December 2024 2024 Total funds 2023 Total funds Notes FIXED ASSETS Investments 268,716 329,181 CURRENT ASSETS Debtors Cash at bank 1,848 12,047 2,988 4,196 13,895 7,184 CREDITORS Amounts falling due within one year 13,6311 (6261 NET CURRENT ASSETS 10,264 6,558 TOTAL ASSETS LESS CURRENT LIABILITIES 278.980 335,739 NEf ASSETS FUNDS Unrestricted funds io 278,980 335.739 TOTAL FUNDS The financial statements were approved by the Board of Trustees on and were signed on its behalf bv: 2025 The Very Reverend Dr P J A Robinson-Tru5tee The notes fomi part of these financial statements
Chapel of St. Mary on the Bridge Notes to the Financial Statements For the Year Ended 31 December 2024 I. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepL5blic of Ireland {FRS 1021 {effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. Voluntary Income Donations, grants, legacles and other forms of voluntary income are accounted for when received. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated between support COSts and the cost of administration of the charityi based on the estimates of the officers. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Flxed asset Investments Fixed asset investments are revalued annually to their fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and transferred to a fair vale resenie. 2. VOLUNTARY INCOME 2024 2023 Collections and small donations Gift aided donations Russian Orthodox Congregation Latvian Lutheran Congregation 525 868 630 295 167 479 675 200 3. INVESTMENT INCOME 2024 2023 Dividends recetved Deposit account interest 7,751 116 9,011
Chapel of St. Mary on the Bridge Notes to the Financial Statements- continued For the Year Ended 31 December 2024 4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES 2024 2023 Rents received Sale of goods and services 6,299 44 31 5. MAINTENANCE COSTS Direct costs Totals Church Maintenance Bridge Chapel House 15,336 75,986 15,336 75,986 6.TRUSTEES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024, nor for the year ended 31 December 2023. 7.FIXED ASSET INVESTMENTS Listed Investments MARKEf VALUE At l January 2024 Additions Disposals Revaluations 329,181 168,500) 8,035 At 31 December 2024 268 716 NEf BOOK VALUE At 31 December 2024 71 At 31 December 2023 329 181 There were no investment assets outside the UK.
Chapel of St. Mary on the Bridge Notes to the Financial Statements- continued For the Year Ended 31 December 2024 8.DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 9.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 10.MOVEMENT IN FUNDS At 1.1.2024 Net Movement At 31.12.2024 In funds Unrestricted funds General fund 335 739 278 980 TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming Resources Resources expended Gains and Movement losses in funds Unrestrirted tunds General fund TOTAL FUNDS Comparatlves for movement In funds At 1.1.2023 Net Movement At 31.12.2023 In funds Unrestricted funds General fund 335 739 TOTAL FUNDS
Chapel of St. Mary on the Bridge Notes to the Financial Statements - continued For the Year Ended 31 December 2024 10. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund TOTAL FUNDS A current year 12 months and prior year 12 months combined position is as follows: At 1.1.2023 Net Movement At 31.12.2024 In funds Unrestricted funds General fund TOTAL FUNDS A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming Resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fund TOTAL FUNDS 11. RENT DEPOSIT A rent deposit of £2,500 is held in a separate National Westminster Bank account on behalf of our current tenants at Bridge Chapel House {Feel Alive). 12. FREEHOLD LAND AND BUILDINGS The charity owns the freehold land and buildings comprising the Chapel of St. Mary on the Bridge, Grade I listed, and the Bridge Chapel Ptouse, Grade 2 listed. Both are inalienable assets and are therefore not included in the accounts. io