ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
ASH CHAPEL
CHARITY REGISTRATION No: 1090321
Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham West Sussex
PO18 8NF
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| ASH CHAPEL | |
|---|---|
| CONTENTS | |
| Page 3 | Legal and Administrative Information |
| Pages 4 to 5 | Trustees' Report |
| Pages 6 | Independent Examiner's Report to the Trustees |
| Page 7 | Statement of Receipts and Payments |
| Page 8 | Statement of Assets and Liabilities |
| Pages 9 to 10 | Notes to the Accounts |
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ASH CHAPEL
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1090321 WORKING NAME Revelation Church START OF FINANCIAL YEAR 1st April 2023 END OF FINANCIAL YEAR 31st March 2024 TRUSTEES AT 31ST MARCH 2024 George Mullally Carol Buckmaster Keith Archer (Appointed 18.01.2024) Oludolapo Kukoyi (Appointed 18.01.2024)
The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.
LEGAL STATUS Unincorporated Charity
GOVERNING INSTRUMENT
DECLARATION OF TRUST DATED 15/11/2001 AS AMENDED ON 11/03/2004 AS AMENDED ON 02/11/2011
OBJECTS
THE ADVANCEMENT OF THE CHRISTIAN FAITH AND SUCH OTHER CHARITABLE OBJECTIVES AS THE TRUSTEES SHALL FROM TIME TO TIME DECIDE.
CORRESPONDENCE ADDRESS
Ash Chapel Chapel Wood Road Ash Sevenoaks TN15 7HX
PRIMARY BANKERS
Lloyds Bank 78 New Rd Gravesend DA11 0AR
INDEPENDENT EXAMINER
Lomax Pavey Independent Examiners Ltd Unit 2, Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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ASH CHAPEL
TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2024
Aims and Objectives
The Vision of Ash Chapel is to “Lift up the Name of Jesus” and all ministry Is based on:
1 The Word of God [Bible]
2 The incarnation, death and resurrection of Jesus Christ
- 3 Healing of the Whole Person through Jesus
Achievements and Performance
We are now having outreach approximately once a month locally in New Ash Green with music and singing and one lady joins us who has a very good voice.
Someone recently has joined us at the church who is a very accomplished keyboard player and with him the singer and the worship team on a Sunday, the result is very uplifting towards the Lord
Almost all of our income is going to Christian Charities around the world to spread the gospel of Jesus Christ. The individual amounts are shown on page 10 under note 5.
God continues to bless us with large contributions much in excess of our size and numbers.
Financial Review
2023/24 was a very good year financially as we had very good receipts due to two factors.
1) Tithes from inheritance affecting three families as the bible teaches a minimum of 10% of any income.
- 2) We also got some gift aid which we did not receive the previous year so our receipts were up some 35%.
Risk Assessment
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
Reserves Policy
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
Public Benefit
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/members of Ash Chapel on the accounts for the year ended 31st March 2024 set out on pages 7 to 10.
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 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My 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 examiner's statement
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Lomax Pavey
Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
9th January 2025
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ASH CHAPEL
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 2024
| Notes RECEIPTS Donations & Legacies 2a TOTAL RECEIPTS PAYMENTS Cost of Charitable Activities 3a TOTAL PAYMENTS NET RECEIPTS/(PAYMENTS) Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024 2023 £ £ £ £ 52,475 - 52,475 38,979 |
|---|---|
| 52,475 - 52,475 38,979 |
|
| 57,063 - 57,063 39,035 |
|
| 57,063 - 57,063 39,035 |
|
| (4,588) - (4,588) (56) 8,780 - 8,780 8,836 |
|
| 4,191 - 4,191 8,780 |
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as
The notes on pages 9 to 10 form part of these financial statements.
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ASH CHAPEL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
1. BASIS OF ACCOUNTING
The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.
2. RECEIPTS
| a) Donations & Legacies Gifts Tithes & Offerings Gift Aid Tax Recovered |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024 2023 £ £ £ £ 49,624 - 49,624 38,979 2,851 - 2,851 - |
|---|---|
| 52,475 - 52,475 38,979 |
3. PAYMENTS
| a) Cost of Charitable Activities Administration/DBS Checks Buildings/Grounds Maintenance Gifts To Individuals Gifts To Organisations Independent Examiner's Fee Licenses and Subscriptions Building Insurance Evangelical Alliance Sundry Expenses Utility Costs |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024 2023 £ £ £ £ 145 - 145 145 5,600 - 5,600 1,780 6,900 - 6,900 7,700 39,025 - 39,025 27,000 570 - 570 510 249 - 249 233 1,137 - 1,137 - 80 - 80 80 80 - 80 113 3,278 - 3,278 1,474 |
|---|---|
| 57,063 - 57,063 39,035 |
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ASH CHAPEL
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
4. RESTRICTED FUNDS
The Charity held no restricted funds during this or the previous financial period.
| 5. GIFT ANALYSIS Gifts to Organisations Christian Concern Christian Institute Daughters of Cambodia David Hathaway (Eurovision Mission to Europe) Elam Ministries Open Doors Release International |
Funds Funds Donated Donated 2024 2023 £ £ 9,000 6,000 3,000 - 3,000 - 6,000 2,000 9,025 15,000 4,500 4,000 4,500 - |
|---|---|
| 39,025 27,000 |
6. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES
One Trustee, Mr Kieth Archer, received gifts totalling £2,400 in recognition of his role as pastor of the church during the current year. Additionally, Mr Kieth Archer's wife received gifts amounting to £2,400.
The only other payments made to the trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.
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