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2023-12-31-accounts

HYDE CHAPEL

FINANCIAL STATEMENTS

- for the year ended -

31[st] DECEMBER 2023

Registered Charity No. 1085552

HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 FOR THE YEAR ENDED 31[ST] DECEMBER 2023

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 2023

Trustees/Wardens
Mrs Patricia Winterbottom
Mrs Susan Egan
Mrs Patricia Manton
Mr E Hesketh
Mrs A Adshead
Mrs S A Phillips
Mrs K Gaurino
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

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HYDE CHAPEL, GEE CROSS (CONGREGATION) CHARITY NUMBER 1085552,

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2023

The trustees present their report and financial statements for the year ended 31[st] December 2023.

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:-

In furtherance of the objects, but not further or otherwise, the Association shall have the following powers:-

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.

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HYDE CHAPEL, GEE CROSS (CONGREGATION) CHARITY NUMBER 1085552,

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2023

EXAMINATION OF ACCOUNTS

The charity exceeds the threshold to require an independent examiner’s 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 £120 but there was a rise in the market value of the investments from the previous year of £12,124. The value of the investments has increased from the level at the previous year end by 6.42%.

TRUSTEES

The following trustees have held office since 1[st] January 2023:

Mrs P Winterbottom Mrs S Egan Mrs P Manton Mrs S A Phillips Mr E Hesketh Mrs A Adshead Mrs K Gaurino

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:

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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 2023 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:

of the2011 Act); and

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:

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:

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HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] DECEMBER 2023

Income Resources
Incoming resources from generated funds:
Bank Interest

Investment Income
Gain/(loss) on disposal


Incoming resources from charitable activities:
Grants Received

Collections

Envelopes

Donations and Legacies

Wedding Fees

Funerals and Garden of Remembrance
Other Fundraising Income
Room Rents

Graves/ashes scattering

Sundry income

Roof fund

Christmas Fair

Total Incoming Resources
Resources Expended:
Costs of generating Funds
Investment management costs

Direct Charitable Expenditure
Contribution to Joint Pastorate Fund
Pulpit Supply

Caretaker, Gardener and Cleaner

Organist

Telephone, Stationary, Postage & Sundries
Heat, Light & Water

Insurance

Repairs
Section Fees

Organ Repairs

Equipment

Donations

Subscriptions

Engraving

Advertising

Adamson’s


 General
Fund
£
548
5,765
(120)
6,193
517
4,804
2,865

1,598
1,120
1,215
5,834
6,295
1,266
-
7,288
1,143
33,945
40,138
1,848
725
1,900
759
1,870
1,442
5,192
4,015
12,604
150
480
-
250
151
254
50
100

29,943






Restricted
Total
Income

£
-

-
-
-

-
-

-
-

-
1,500
-

4,875

-
-

-

6,375
6,375
-
-
-
-

-
-
-
-
-
-

-

-

-

-

-

-

-
-

 Restricted
Total
Income

£
-

-
-
-

-
-

-
-

-
1,500
-

4,875

-
-

-

6,375
6,375
-
-
-
-

-
-
-
-
-
-

-

-

-

-

-

-

-
-

 Restricted
Total
Income

£
-

-
-
-

-
-

-
-

-
1,500
-

4,875

-
-

-

6,375
6,375
-
-
-
-

-
-
-
-
-
-

-

-

-

-

-

-

-
-





















































______ ________________

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HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

Continued…

Governance Costs
Independent Examiners Fee
720
-		 720 720
Total Resources Expended
32,510 -		 32,510 44,710
Net Incoming/(Outgoing)Resources7,628 6,375 14,003 (3,944)
Unrealised Gain/Losses on Investments7,092 - 7,092 (12,701)
Net Movement in Funds
14,720 6,375		 21,095 (16,645)
Fund Balances brought forward 2022 266,234 8,915 275,149 291,794
Transfer to General Fund
3,225 (3,225)		 - -
Fund Balances carried forward 2023 284,179 12,065 296,244 275,149

______________

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HYDE CHAPEL, GEE CROSS (CONGREGATION), REGISTERED CHARITY NUMBER 1085552 BALANCE SHEET 31[ST ] DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment at Market Value 200,943
188,819
CURRENT ASSETS
Yorkshire Bank – Current Account 35,176
 16,937
Santander – Treasurers Account 57,047
 59,716
Wider Range Dividend Account 595
 434
Cash in Hand 300
 62
Monies Held by Brewin Dolphin 2,183 9,182
95,301 86,331
NET CURRENT ASSETS 95,301 86,331
NET ASSETS 296,244 275,150
Represented by:
FUNDS
General Fund 3 284,179 266,234
Restricted Fund 3 12,065 8,915
296,244 275,149
The financial statements on pages 2 to 8 were approved by the trustees on
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

_________________

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HYDE CHAPEL, GEE CROSS (CONGREGATION) CHARITY NUMBER 1085552

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2023

______________

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 200,943
Cash at bank83,236
284,179
General Fund
Balance at 31.12.2022 266,234
Transfers from restricted fund 3,225
Surplus for year14,720
Balance at 31.12.2023284,179
£
Restricted Funds
Graves Sold
Balance at 31.12.2022 8,915
Graves Sold During the Year 4,875
Transfer to General Fund(2,925)
Memorial Plots
Balance at 31.12.2022 -
Memorial Plots Sold During the Year 1,500
Transfer to General Fund(300)
Restricted
£
-
12,065
12,065

£
10,865

1,200
12,065		 Total

£
200,943

95,301

296,244		 2022
£
188,819
86,330
275,149











_________________

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