## Mill Hill Chapel Trust
Charity number 1081978
## Annual Report and Financial Statements
for the year ended 30 April 2025
## Mill Hill Chapel Trust
## Annual Report and Financial Statements
for the year ended 30 April 2025
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 3|
|Examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the accounts|7 to 13|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Mill Hill Chapel Trust
## Trustees' report for the year ended 30 April 2025
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Sally Green Chair Appointed 8 November 2025 Katherine Kirkham Treasurer Appointed 8 November 2025 Sebastian Saenz de Santa Maria Aguilar Secretary Appointed 8 November 2025 Roy Coggan Resigned 8 November 2025 Wendy Whetstone Resigned 8 November 2025 Alan Hawkins Resigned 22 November 2025 Helen Ashe Resigned 8 November 2025 Sandra Griffiths Appointed 8 November 2025
## **Staff**
Rev'd Jo James Minister **Charity number** 1081978 **Registered and principal address Bankers** Mill Hill Chapel Lloyds Bank plc City Square 65-66 Briggate Leeds Leeds LS1 5EB LS1 6LH
Registered in England and Wales
## **Solicitors**
**Investment Managers and Financial Advisors Solicitors** Epworth Investment Management Wrigleys 9 Bonhill St 3rd Floor 3 Wellington Place London Leeds EC2A 4PE LS1 4AP
## **Independent examiner**
Simon Bostrom FCIE **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is governed by a scheme adopted on 3 October 2007 as amended by resolution dated 24 August 2014.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are appointed by the members at the AGM.
2
## Mill Hill Chapel Trust
## Trustees' report (continued) for the year ended 30 April 2025
## **Objectives and activities**
## **The charity's objects**
To promote or support the advancement of Unitarian and free Christian beliefs in accordance with the principles of Unitarianism as defined in the constitution of the general assembly of Unitarian and Free Christian churches.
## **The charity's main activities**
To promote and support the advancement of Unitarian and Free-Christian beliefs in accordance with the principles of Unitarianism as defined in the constitution of the general assembly of Unitarian and Free Christian churches.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.
## **Achievements and performance**
The period between 2024 and early 2025 has been a time of strengthening our community, nurturing volunteerism, and responding to a powerful call to action for many at Mill Hill Chapel. While things may have seemed outwardly familiar, the transition away from a minister-led chapel following Reverend Jo James' departure in June has prompted a collaborative effort from committee members, staff, volunteers, and supporters.
We continue to welcome the Progressive Christian Network and The Weekly Sangha group, and are proud to host the Street Angels LGBT Evening space and the Care For Calais group. Our partnership with the Leeds Asylum Seekers Support Network (LASSN) remains strong, and The Giving Voice Choir continued to use The Priestly Hall for rehearsals, even though they have now transitioned to NHS premises.
We have hosted Author events from Hold fast Bookshop, and cinema screenings as part of Leeds International Film Festival , and Scalarama, Leeds DIY Film festival. Weaving voices came back in October for another talk and workshop to bookend the work they did at mill hill chapel last year, and Leeds Sanctuary has organised Social Justice lunches and talks alongside hiring the chapel for their Blue Christmas Service.
This year saw the departure of Reverend Jo James, who left his post after 10 years at Mill Hill Chapel. This has meant that we have leaned into our internal resources within our community, Services of great spiritual nourishment have been led by members which have been incredibly deep and moving.
## **Financial review**
The net expenditure for the year was £106,069, all relating to unrestricted funds.
## **Reserves policy**
The charity does not have a reserves policy which quantifies a level of reserves to be maintained other than that an appropriate level of free reserves are maintained.
The charity's free reserves, excluding fixed assets, at the year end were £342,734.
Approved by the board of trustees on 1/2/2026
Sally Green (Trustee)
3
## Mill Hill Chapel Trust
## Independent examiner's report to the trustees of Mill Hill Chapel Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 April 2025, which are set out on pages 5 to 13.
## **Responsibilities and basis of report**
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with 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 as 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.
Simon Bostrom FCIE
9/2/2026
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
4
## Mill Hill Chapel Trust
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 30 April 2025
|Notes
2025
Unrestricted
funds
£
**Income from:**
Donations and legacies
(2)
9,651
Investment income
23,036
Hall hire
6,066
Events, activities and services
9,202
**Total income**
47,955
**Expenditure on:**
Salaries, NIC and pensions
(3)
4,064
Travel and subsistence
175
Pulpit supply
818
Organ maintenance
1,203
Caretaker and cleaning
1,435
Utilities
11,184
Insurance
3,225
Computer and peripherals
600
Telephone and postage
381
Literature and publicity
770
Subscriptions and licences
3,284
Artists, musicians, bar staff
3,730
Independent examination
1,008
Food and drink purchases
3,373
Investment management fees
4,025
Building maintenance
5,539
Office and admin costs
607
Equipment and materials
47
Depreciation
-
Bank charges
3
Charity administration
43,200
Bad debts
-
Donations
807
Transfer of assets to Mill Hill Chapel CIO
88,836
**Total expenditure**
178,314
Net gains/(losses) on investments
5,454
**Net income / (expenditure)**
(124,905)
Other recognised gains/(losses):
Manse loan revaluation
18,836
**Net movement in funds**
(106,069)
**Fund balances brought forward**
448,803
**Fund balances carried forward**
(4)
342,734|2025
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
43,037
43,037|2025
Total
funds
£
9,651
23,036
6,066
9,202
47,955
4,064
175
818
1,203
1,435
11,184
3,225
600
381
770
3,284
3,730
1,008
3,373
4,025
5,539
607
47
-
3
43,200
-
807
88,836
178,314
5,454
(124,905)
18,836
(106,069)
491,840
385,771|2024
Total
funds
£
5,397
44,411
7,294
14,927
72,029
47,234
-
280
342
5,767
35,663
3,238
360
1,282
1,314
2,306
16,281
1,008
4,379
3,552
9,800
531
382
6,350
31
28,900
7,508
-
-
176,508
8,934
(95,545)
-
(95,545)
587,385
491,840|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
5
## Mill Hill Chapel Trust
## Balance sheet
|as at 30 April 2025
2025
Unrestricted
£
**Fixed assets**
Investments
(6)
379,266
Loan in respect of Manse Fund
(7)
-
**Total fixed assets**
379,266
**Current assets**
Debtors and prepayments
(8)
1,510
Cash at bank and in hand
(9)
3,066
**Total current assets**
4,576
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(10)
2,219
**Total current liabilities**
2,219
**Net current assets / (liabilities)**
2,357
**Total assets less current liabilities**
381,623
**Creditors: amounts falling due after one year**
(11)
38,889
**Net assets**
342,734
**Funds**
Unrestricted funds
342,734
Restricted funds
-
Endowment funds
-
**Total funds**
342,734|2025
Restricted
£
40,000
-
40,000
-
3,037
3,037
-
-
3,037
43,037
-
43,037
-
3,037
40,000
43,037|2025
Total
£
419,266
-
419,266
1,510
6,103
7,613
2,219
2,219
5,394
424,660
38,889
385,771
342,734
3,037
40,000
385,771|2024
Total
£
446,258
70,000
516,258
1,738
20,145
21,883
7,372
7,372
14,511
530,769
38,929
491,840
448,803
3,037
40,000
491,840|
|---|---|---|---|
The financial statements were approved by the board of trustees on 1/2/2026
Sally Green (Trustee)
6
## Mill Hill Chapel Trust
## Notes to the accounts
## for the year ended 30 April 2025
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Donated goods for resale are valued at the amount actually realised upon their sale.
Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.
## **Investments**
Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.
## **Loan in respect of Manse Fund**
A loan of £70,000 has been made to the Minister to purchase an appropriate residence and it is to be repaid either when he ceases to be employed by Mill Hill Chapel or earlier by agreement with the Trustees.
The loan is a percentage of the purchase value of the property, the repayment will be the same percentage of the selling price.
Since the repayable amount is linked to the property value, the loan is stated in the accounts at fair value (market value in this instance).
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
7
## Mill Hill Chapel Trust
## Notes to the accounts
## for the year ended 30 April 2025
## **1 Accounting policies continued**
## **Tangible fixed assets**
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Project and office equipment: over 3 years
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Endowment funds represent those assets which must be held permanently by the charity, principally investments. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income unless restrictions have been imposed by the donor. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
8
## Mill Hill Chapel Trust
## Notes to the accounts continued for the year ended 30 April 2025
|**2 Investment income**
Income from managed investment portfolio
Income from car park and walkway
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions
Payroll admin fees|2025
Unrestricted
funds
£
10,341
12,695
23,036|2025
Restricted
funds
£
-|2025
Total
funds
£
10,341
12,695
23,036
2025
£
3,715
393
(393)
312
37
4,064|2024
Total
funds
£
13,666
30,745
44,411
2024
£
43,310
4,721
(4,721)
3,780
144
47,234|
|---|---|---|---|---|
The average number of employees during the year was 1, being an average of 1 full time equivalent (2024: 1, 1 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**
Costs of the scheme to the charity for the year
Amount of any contributions outstanding at the year end
Amount of any contributions prepaid at the year end
**4 Restricted funds**
Balance b/f
Incoming
£
£
Hunslet
500
-
Dramatic Society
500
-
Hinkins Bequest
2,037
-
3,037
-|Outgoing
£
-
-
-
-|2025
£
312
-
Transfers
£
-
-
-
-|2024
£
3,780
623
Balance c/f
£
500
500
2,037
3,037|
|---|---|---|---|
## **Purpose of restriction**
**Fund name Purpose of restriction** Hunslet Towards activities related to the Hunslet church. Dramatic Society Originally for the dramatic society, however this was disbanded in 2001. The trustees agreed that the funds would be available should it become possible to restart the society in the future. Hinkins Bequest Funds left in a bequest by Brian Hinkins for the maintenance of his father's
Funds left in a bequest by Brian Hinkins for the maintenance of his father's grave in Cottingley Cemetery (Mr Hinkins senior was the minister of Hunslet Chapel, a satellite chapel to Mill Hill).
9
## Mill Hill Chapel Trust
## Notes to the accounts continued
## for the year ended 30 April 2025
|**4 Restricted endowment funds**
Walkway fund|Balance b/f
£
40,000
40,000|Incoming
£
-
-|Outgoing
£
-
-|Transfers
£
-
-|Balance c/f
£
40,000
40,000|
|---|---|---|---|---|---|
## **Purpose of restriction**
Proceeds from the granting of a 999 year lease on 7 August 1998 at peppercorn rent of the walkway at the north side of the chapel to the Nat West Bank. In accordance with the original deed for the sale of Priestly Hall to the Nat West Bank in 1965 any capital receipts could not be expended but any interest earned would be unrestricted, ie for the chapel funds.
|**5 **
**6 **|**Tangible assets**
**Cost**
£
£
At 1 May 2024
-
-
Additions
-
-
At 30 April 2025
-
-
**Depreciation**
At 1 May 2024
-
-
Charge for year
-
-
At 30 April 2025
-
-
**Net book value**
At 30 April 2025
-
-
At 30 April 2024
-
-
**Fixed assets investments**
Balance b/f
(Disposals)
Gain / (loss) on revaluation
Income generated
(Income transferred out)
(Management fees)
Total
Class 3
Class 4|£
27,602
-
27,602
27,602
-
27,602
-
-
Fixtures
and fittings|£
14,953
-
14,953
14,953
-
14,953
-
-
2025
Total
£
446,258
(30,000)
5,454
10,341
(8,762)
(4,025)
419,266
Office
equipment|Total
£
42,555
-
42,555
42,555
-
42,555
-
-
2024
Total
£
530,786
(90,000)
8,934
13,702
(13,702)
(3,462)
446,258|
|---|---|---|---|---|
10
## Mill Hill Chapel Trust
## Notes to the accounts continued
## for the year ended 30 April 2025
## **6 Fixed assets investments continued**
## **Breakdown of investments agreeing with SOFA and Balance sheet**
|Analysis of investments
Market value at year end
Bonds
UK equities
Overseas equities
Other
Cash
Total|2025
Total
£
54,769
92,344
253,474
17,567
1,112
419,266|2024
Total
£
62,140
98,618
283,392
-
2,108
446,258|
|---|---|---|
## **7 Loan in respect of Manse Fund**
A loan of £70,000 had been made to the Minister to purchase an appropriate residence and it was to be repaid either when he ceases to be employed by Mill Hill Chapel or earlier by agreement with the Trustees.
The loan was a percentage of the purchase value of the property, the repayment would be the same percentage of the selling price or £70,000 if greater.
During the year the Minister ceased to be employed by the charity and the loan was revalued and redeemed - The loan itself had been transferred to the new CIO during the year. Since the revaluation amount was known, this has been credited to the charity and the subsequent transfer, being shown at fair value of £88,836.
|**8 Debtors and prepayments**
Debtors
Accrued income
Other debtors
**9 Cash at bank and in hand**
Cash at bank
Cash in hand
**10 Creditors and accruals**
Overdrawn cash account
Creditors
Accruals
Deferred income: Lease premium control account
Other creditors|2025
£
315
900
295
1,510
2025
£
5,386
717
6,103
2025
£
12
650
1,517
40
-
2,219|2024
£
1,443
-
295
1,738
2024
£
19,428
717
20,145
2024
£
-
4,174
1,288
40
1,870
7,372|
|---|---|---|
11
## Mill Hill Chapel Trust
## Notes to the accounts continued
for the year ended 30 April 2025
|**11 Creditors: amounts falling due after one year**
Deferred income: Lease premium control account:
Amounts to be released 1 to 5 years
Amounts to be released more than 5 years|2025
£
160
38,729
38,889|2024
£
160
38,769
38,929|
|---|---|---|
## **12 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee expenses**
During the year 3 trustees were paid a total of £236 in respect of attendance at a conference and travel (previous year: £nil).
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
12
## Mill Hill Chapel Trust
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 30 April 2025
|2025
2024
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Donations and legacies
9,651
5,397
Investment income
23,036
44,411
Hall hire
6,066
7,294
Events, activities and services
9,202
14,927
**Total income**
47,955
72,029
**Expenditure**
Salaries, NIC and pensions
4,064
47,234
Travel and subsistence
175
-
Pulpit supply
818
280
Organ maintenance
1,203
342
Caretaker and cleaning
1,435
5,767
Utilities
11,184
35,663
Insurance
3,225
3,238
Computer and peripherals
600
360
Telephone and postage
381
1,282
Literature and publicity
770
1,314
Subscriptions and licences
3,284
2,306
Artists, musicians, bar staff
3,730
16,281
Independent examination
1,008
1,008
Food and drink purchases
3,373
4,379
Investment management fees
4,025
3,552
Building maintenance
5,539
9,800
Office and admin costs
607
531
Equipment and materials
47
382
Depreciation
-
6,350
Bank charges
3
31
Charity administration
43,200
28,900
Bad debts
-
7,508
Donations
807
-
Transfer to Mill Hill Chapel CIO
88,836
-
**Total expenditure**
178,314
176,508
Net gains/(losses) on investments
5,454
8,934
**Net income / (expenditure)**
(124,905)
(95,545)
Other recognised gains/(losses):
Manse loan revaluation
18,836
-
**Net movement in funds**
(106,069)
(95,545)
**Fund balances brought forward**
448,803
544,348
**Fund balances carried forward**
342,734
448,803|2025
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
43,037
43,037|2024
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
43,037
43,037|2025
Total
funds
£
9,651
23,036
6,066
9,202
47,955
4,064
175
818
1,203
1,435
11,184
3,225
600
381
770
3,284
3,730
1,008
3,373
4,025
5,539
607
47
-
3
43,200
-
807
88,836
178,314
5,454
(124,905)
18,836
(106,069)
491,840
385,771|2024
Total
funds
£
5,397
44,411
7,294
14,927
72,029
47,234
-
280
342
5,767
35,663
3,238
360
1,282
1,314
2,306
16,281
1,008
4,379
3,552
9,800
531
382
6,350
31
28,900
7,508
-
-
176,508
8,934
(95,545)
-
(95,545)
587,385
491,840|
|---|---|---|---|---|
13