## **HYDE CHAPEL** ## **FINANCIAL STATEMENTS** **- for the year ended -** **31[st] DECEMBER 2022** **Registered Charity No. 1085552** **HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 FOR THE YEAR ENDED 31[ST] DECEMBER 2022** ## INDEX ||Page| |---|---| |Legal and administrative information|1| |Trustees’ report|2 - 3| |Independent Examiners Report|4| |Statement of Financial Activities|5 - 6| |Balance Sheet|7| |Notes to the Accounts|8| **HYDE CHAPEL, GEE CROSS (CONGREGATION) CHARITY NUMBER 1085552,** **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31[ST] DECEMBER 2022** |Trustees/Wardens|Mr Roy Manton (deceased 16/04/2022)| |---|---| ||Mrs Patricia Winterbottom| ||Mrs Susan Egan| ||Mrs Patricia Manton| ||Mr E Hesketh (appointed 24/10/2021)| ||Mrs A Adshead (appointed 24/10/2021)| ||Mrs S A Phillips (appointed 06/09/2020)| ||Mrs K Gaurino (appointed 14/04/2019)| |Registered Charity Number|1085552| |Address|Knott Lane| ||Gee Cross| ||Hyde| ||Cheshire| |Accountants|Scott Roberts Taylor & Co| ||Central Buildings| ||5-7 Corporation Street| ||Hyde| ||Cheshire| ||SK14 1AG| |Bankers|Yorkshire Bank| ||26 Market Avenue| ||Ashton-under-Lyne| ||Cheshire| ||OL6 6AN| **-1-** **HYDE CHAPEL, GEE CROSS (CONGREGATION) CHARITY NUMBER 1085552,** **TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2022** The trustees present their report and financial statements for the year ended 31[st] December 2022. ## **NAME AND NATURE OF ASSOCIATION** The name of the Association is HYDE CHAPEL, GEE CROSS (CONGREGATION) The Charity is unincorporated. The Charity’s registration number is 1085552. ## **OBJECTIVES AND ACTIVITIES** The Charity’s objects are:- - (a) to provide:- - A place of worship offering religious services. In furtherance of the objects, but not further or otherwise, the Association shall have the following powers:- - (b) to accept subscriptions and donations (whether of real or personal estate) and devises and bequests for all or any of the purposes aforesaid and generally to manage, invest and expend all monies belonging to the Association. - (c) to vest the monies of the Association not immediately required for its purposes in or upon such investments and securities as may be fit, subject nevertheless to such conditions (if any) as may for the time being be imposed or required by law and subject also as hereinafter provided to do all such other things as are incidental or conducive to the attainment of the object or any of them. There have been no changes to the activities of the Association in the year under review. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Specific Investment Powers** The powers are to invest the monies of the charity not immediately required for its purpose in or upon such investments securities as may be thought fit subject nevertheless to such conditions (if any) that may for the time being be imposed or required by law. ## **Organisational Structure** There are currently seven trustees including one chairperson. ## **Officers** The officers of the Chapel are:Chairman: Mrs P Winterbottom Secretary: Mrs P Winterbottom Treasurer: Mrs S Egan The officers were assisted by Mrs K Guarino as assistant treasurer and Mrs S Phillips as assistant secretary. **-2-** **HYDE CHAPEL, GEE CROSS (CONGREGATION) CHARITY NUMBER 1085552,** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2022** ## **EXAMINATION OF ACCOUNTS** The charity exceeds the threshold to require an independent examiners report and have therefore appointed Scott Roberts Taylor and Co. ## **FINANCIAL REVIEW Investments** During the year our brokers Brewin Dolphin made a number of sales to existing investments and reinvested into various new ones The disposals of investments produced losses of £13,318 but there was a fall in the market value of the investments from the previous year of £31,838. Although markets have been volatile due to the Coronavirus pandemic, the value of the investments has decreased from the level at the previous year end by 14.43%. ## **TRUSTEES** The following trustees have held office since 1[st] January 2021: Mr R Manton (deceased 16/04/2022) Mrs P Winterbottom Mrs S Egan Mrs P Manton ## **TRUSTEES RESPONSIBILITIES** The Trustees are responsible for the keeping of accounting records and the preparation of financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year end of the surplus or deficit of the charity for that period. The Charities Act 2011 requires the Charity to ensure that the accounting records disclose with reasonable accuracy the financial position of the Charity. In doing so the Trustees are required to select appropriate accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent and to prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business On behalf of the Chapel Congregation …………………………………………… Trustee – Mrs P Winterbottom Approved by the Trustees: 30[th] April 2023 **-3-** **HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF HYDE CHAPEL** We have reviewed the financial statements for the year ended 31[st] December 2022 on pages 2 to 8 which have been prepared on a receipts and payments basis. ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011) and that an independent examination is needed. It is our responsibility to: - examine the accounts (under section 145 of the 2011 Act) - to follow the procedure laid down in the general Directions given by the Charity Commissions (under section 145(5)(b) of the2011 Act); and - to state whether particular matters have come to our attention ## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT** Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **INDEPENDENT EXAMINERS STATEMENT** In connection with our examination, no matter has come to our attention (1) which gives us reasonable cause to believe that in any material respect the requirements: • to keep proper accounting records in accordance with section 130 of the 2011 Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011. have not been met or (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. .............................................. Adrian Paul Brooks F.C.C.A Scott Roberts Taylor & Co Accountants Registered Auditors Central Buildings 5/7 Corporation Street Hyde Cheshire SK14 1AG Date: 30[th] April 2023 **-4-** ## **HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] DECEMBER 2022** ||**General**|**Restricted**|**Total Funds**|**Total Funds**| |---|---|---|---|---| ||**Fund**|**Income**|**2022**|**2021**| ||**£**|**£**|**£**|**£**| |**Income Resources**||||| |Incoming resources from generated funds:||||| |Bank Interest
|-|-|-|7.66| |Investment Income|4,555.71|-|4,555.71|4,438.60| |Gain/(loss) on disposal|(13,318.45)|-|(13,318.45)|9,149.87| ||(8,762.74)|-|(8,762.74)|15,157.40| |Incoming resources from charitable activities:||||| |Grants Received
|-|-|-|
-| |Collections|4,964.48|-|4964.48|2,704.53| |Envelopes
|1,906.60|-|1,906.60|2,619.00| |Subscriptions|-|-|-|-| |Donations and Legacies
|6,904.90|-
|6,904.90|6,158.11| |Wedding Fees
|625.00|-|625.00|395.00| |Funerals and Garden of Remembrance|3,440.00|-
|3,440.00|670.00| |Grave Maintenance
|-|
-|-|-| |Other Fundraising Income|4,913.60|
-|4,913.60|4,804.71| |Events income|-|-|-|-| |Plaques/Headstones|440.56|-|440.56|
174.18| |Room Rents
|7,155.02|-|7,155.02|1,350.00| |Graves/ashes scattering
|36.00|2,400.00|2,436.00|1,350.00| |Sundry income
|773.52|-|773.52|57.05| |Roof fund
|-|15,066.77|15,066.77|6,385.86| |Christmas Fair|901.90|-|901.90|717.45| ||32,061.58|17,466.77|49,528.35|27,385.89| |**Total Incoming Resources**|**23,298.84**|**17,466.77**|**40,765.61**|**36,535.76**| |**Resources Expended:**||||| |**Costs of generating Funds**||||| |Investment management costs
|2,070.54|-|2,070.54|2,057.46| |**Direct Charitable Expenditure**||||| |Contribution to Joint Pastorate Fund|18,150.00|-
|18,150.00|9,000.00| |Caretaker, Gardener and Cleaner
|1,060.84|-|1,060.84|2,137.99| |Organist
|2,364.00|-|2,364.00|1,296.00| |Telephone, Stationary, Postage & Sundries|1,224.99|-|1,224.99|1,108.58| |Heat, Light & Water
|2,566.07|-|2,566.07|1,912,90| |Insurance
|4,077.33|-|4,077.33|3,827.80| |Repairs|11,292.69|
-|11,292.69|42,735.70| |Section Fees
|80.00|-|80.00|10.00| |Organ Repairs
|-|
-|-|510.00| |Equipment
|821.99|-|821.99|670.43| |Donations
|40.00|-|40.00|500.00| |Subscriptions
|142.05|-|142.05|244.66| |Plaques
|-|-|-|-| |Adamson’s
|100.00|-|100.00|100.00| ||43,989.78|-|43,989.78|64,054.06| ______ **____________________________________________________________________________** **-5-** **HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Continued…** |**Governance Costs**
Independent Examiners Fee

**Total Resources Expended**

**Net Incoming/(Outgoing)Resources**
Unrealised Gain/Losses on Investments
**Net Movement in Funds**

Fund Balances brought forward 2021
Transfer to General Fund

**Fund Balances carried forward 2022 **|720.00
44,709.78
(21,410.94)
(12,700.79)
(34,111.73)
281,844.32
4,850.00
**252,582.59**|-
720.00
- 44,709.78
17,466.77
(3,944.17)
- (12,700.79 )
17,466.77
(16,644.96)
9,950.00 291,794.32
(4,850.00) -
**22,566.77** **275,149.36**
|720.00
66,831.52
(30,293.76)
14,399.27
(15,896.49)
307,690.81
-
**291,794.32**| |---|---|---|---| **______________________________________________________________________________________** **-6-** **HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 BALANCE SHEET 31[ST ] DECEMBER 2022** |**Notes**
**£**
**FIXED ASSETS**
Investment at Market Value



**CURRENT ASSETS**
Yorkshire Bank – Current Account
16,936.72
Santander – Treasurers Account
59,715.72
Wider Range Dividend Account
433.87
Cash in Hand
61.71
Monies Held by Brewin Dolphin
9,182.34

**CURRENT LIABILITIES**
**Falling due within one year:**
**NET CURRENT ASSETS**

**NET ASSETS**

Represented by:
**FUNDS**
General Fund
**3**
Restricted Fund
**3**
|**2022**
**£**
**£**
188,819.00

15,966.63
49,501.95
259.71
34.91
5,374.12
86,330.36

-

**86,330.36**

**275,149.36**
266,234.36

8,915.00

**275,149.36**|**2021**
**£**
220,657.00



71,137.32
-
**71,137.32**
**291,794.32**
281,844.32
9,950.00
**291,794.32**| |---|---|---| The financial statements on pages 2 to 8 were approved by the trustees on 30[th] April 2023 Signed on behalf of the Board: |Treasurer:|………………………….. Mrs S Egan| |---|---| |Secretary:|………………………….. Mrs P Winterbottom| The accompanying accounting policies and notes on page 8 from part of the financial statement **_________________________________________________________________________________________** **-7-** **HYDE CHAPEL, GEE CROSS (CONGREGATION) CHARITY NUMBER 1085552** **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2022** **______________________________________________________________________________________** ## **PRINCIPAL ACCOUNTING POLICIES** ## **1.a Basis of Accounting** These accounts have been prepared on the receipts and payments in accordance with the Charities Act 2011. Investments are shown at market value and freehold land & buildings and those with a long useful life are not depreciated. ## **1.b Accounting Policies** 1. Income from Investments are recorded when received. 2. Expenditure is included in the accounts on a paid basis. 3. Quoted Investments have been valued at market value at the balance sheet date. ## **2. TRUSTEES AND EMPLOYEES EMOLUMENTS** None of the trustees or officers received any emoluments during the year. ## **3. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**General**

**£**
Investments
188,819.00
Cash at bank
77,415.36
266,234.36
**£**
**Restricted Funds**
**Graves Sold**
Balance at 31.12.2021
11,365.00
Graves Sold During the Year
2,400.00
Transfer to General(4,850.00)
**Roof Fund**
Donations to the Roof Fund 15,066.77
Payments on roof from restricted(15,066.77)
|**Restricted**
**£**
-
8,915.00
8,915.00
**£**
8,915.00
-
**8,915.00**|**Total**
**£**
188,819.00
86,330.36
275,149.36|**2021**
**£**
220,657.00
71,137.32
291,794.32| |---|---|---|---| ||||| **___________________________________________________________________________________** **-8-**