# **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
**FOR**
**THE WILLENHALL CHAPEL OF EASE ESTATE**
## **Reference and Administrative Information**
**Registered charity name Willenhall Chapel of Ease Estate Charity registration number 1103278 Principal office St Giles Vicarage Walsall Street Willenhall West Midlands WV13 2ER**
## **The Trustees**
The Trustees who served during the period were as follows:
## **Chair of Trustees**
Paul Ingles 11 Yale Road
Willenhall West Midlands WV13 2JR
## **Other trustees** are:
Brian Knowles (ex officio / Churchwarden from 21 June 2022)
Steven Goodwin (Secretary)
Rosalind Tarbuck (Treasurer)
Tricia Clarke
Sheila Griffiths
Maureen Rollason
Claudia Johnson (from May 2024)
None of the Trustees received any remuneration or benefits during the year ended 31 December 2024.
**Accountants** Darlaston Taxshop Limited 210a-212a Darlaston Road, Wednesbury, West Midlands, WS10 7TQ **Bankers** Lloyds Bank Willenhall, PO Box 1000, BX1 1LT
1
**Report of the Trustees WILLENHALL CHAPEL OF EASE ESTATE**
## **Year Ended 31 December 2024**
The Trustees submit their annual report and the financial statements of WILLENHALL CHAPEL OF EASE ESTATE for the year ending 31 December 2024. The Trustees confirm that the annual report and financial statements of WILLENHALL CHAPEL OF EASE ESTATE comply with the current statutory requirements of the governing document and the provisions of the Statement of Recommended Practice (FRS102 SORP 2015 (modified 2016)) “Charities SORP”. The board of trustees are satisfied with the performance of the charity during the year and the position at 31 December 2024 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations
## **PUBLIC BENEFIT THAT IS PROVIDED BY THE CHARITY**
The trustees, in making decisions, have had due regard to the commission’s public benefit guidance when exercising any powers or duties. The objects of the charity are mentioned below.
The Charity makes donations from time to time to the Parochial Church Council and to St Giles C of E School.
The Charity undertakes regular reviews of its property for purposes of maintenance and improvement; the Trustees also review the Charity's obligation to comply with Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **(a) Constitution, Policies and Objectives**
WILLENHALL CHAPEL OF EASE ESTATE is constituted by the Trust Deed. Its objects are as follows: -
1. To provide or augment the stipend of the Minister serving the Parish and to contribute to their housing costs; and
2. To further the religious and charitable work of the Church of England in the Parish.
## **(b) Method and Appointment or Election to the Trustees**
WILLENHALL CHAPEL OF EASE ESTATE will appoint a chairperson being the Minister in accordance with the Trust Deed. The Chairperson will preside at the meetings of the Trustees. Two church wardens are ex officio members.
Individual membership can be granted by the Trustees to anyone deemed to uphold the principles and tenets of WILLENHALL CHAPEL OF EASE ESTATE.
## **(c) Policies Adopted for the Induction and Training of Members of the Trustees**
Appropriate training will be offered to any member who would benefit from this kind of support in helping them play a full part as a member of the Trustees.
## **(d) Organisational Structure and Decision Making**
The affairs of WILLENHALL CHAPEL OF EASE ESTATE are managed and regulated in accordance with WILLENHALL CHAPEL OF EASE ESTATE’s Constitution. It is the duty of the Trustees to ensure that the objects of WILLENHALL CHAPEL OF EASE ESTATE are achieved. The Trustees shall also have control of and be responsible for the supervision of the affairs of
2
**Report of the Trustees WILLENHALL CHAPEL OF EASE ESTATE**
## **Year Ended 31 December 2024**
WILLENHALL CHAPEL OF EASE ESTATE including: -
1. Development and achievement of strategies designed to ensure the WILLENHALL CHAPEL OF EASE ESTATE’s objects as defined by the constitution are fulfilled.
2. The appointment of sub-committees to deal with specific aspects of WILLENHALL CHAPEL OF EASE ESTATE’s work.
3. Development of budgets, control of expenditure and provision of necessary funds.
4. Management of WILLENHALL CHAPEL OF EASE ESTATE’s assets and subject as aforesaid shall have full power to take such action as it may think desirable in matters affecting the work and interests of WILLENHALL CHAPEL OF EASE ESTATE.
The Trustees shall appoint and give directions to such paid or honorary officers as it may require. A general meeting of WILLENHALL CHAPEL OF EASE ESTATE shall be held once a year at which the annual accounts of WILLENHALL CHAPEL OF EASE ESTATE shall be laid before this meeting.
Full accounts shall be kept of the sums of money received and expended and of the matters in respect of which such receipts and expenditure have taken place and of the assets, credits and liabilities of WILLENHALL CHAPEL OF EASE ESTATE and a balance sheet shall be prepared and printed not less than once a year. Once at least in each year the accounts of WILLENHALL CHAPEL OF EASE ESTATE shall be examined and the correctness of the balance sheet ascertained by one or more properly qualified independent examiners. Subject to any reasonable restrictions that may be imposed by the Trustees as to the time and manner of inspecting the same, accounts shall be open to any member.
## **(e) Risk Management**
The Trustees have examined and considered the major strategic, business and operational risks to WILLENHALL CHAPEL OF EASE ESTATE; and confirm that systems have been established to limit and manage the risks identified.
**OBJECTIVES AND ACTIVITIES (a) Strategies for Achieving Objectives.** The Trustees and its Steering Group meet on a regular basis to ensure the objectives are being met.
## **(f) Activities for Achieving Objectives**
The land that the school is built on, the Church House and the school dining room (formerly known as Church Hall) are owned by the WILLENHALL CHAPEL OF EASE ESTATE and income is received through short-term hire and long-term letting of these properties.
3
**Report of the Trustees**
**WILLENHALL CHAPEL OF EASE ESTATE**
## **Year Ended 31 December 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
## **1. Review of Activities**
The financial statements are set out on pages 8 to 13. The financial statements have been prepared implementing the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and follow the appropriate Charities SORP (FRS 102). As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.
The Trustees report a profit for the year of **£11,410** (2023 profit of £14,585 **)** . This profit has resulted in a net increase in funds for the year of **£11,410** (2023 profit of £14,585) which resulted in reserves at 31 December 2024 of **£163,608** (2023: £152,198).
- During 2024, the Charity spent **£3,168** towards the Church floor repairs and gutter cleaning. The charity spent **£3,573** as a contribution towards the cost of two television screens and **£2,756** to Glow Energy Services for the purchase and installation of convector heaters, commercial oil burner and installation of three heating circulation pumps as well as testing the boiler, radiators and nine convector heaters. These amounts have been treated as donations made to the church by the WILLENHALL CHAPEL OF EASE ESTATE.
- Expenditure includes a payment of **£1,275** to St Giles School for additional books and a new notice board. A payment of **£620** was made to cover expenditure on two hearing aids.
- A donation of **£5,916** was made to Towler Shaw Roberts Surveyors to review the lease terms of St Giles School, culminating in the rent review being agreed at £66,000 per annum from 2022 (the rent had previously been set at £54,000 per annum with effect from January 2017).
- During 2024, the Charity made a donation of **£30,000** to the PCC of St Giles, Willenhall to enable the PCC to meet its obligation to the Diocese of Lichfield and to free PCC funds for the religious and other charitable work of the Church of England in the Parish.
- During 2024, the Charity received funds from Walsall Council being annual rent receivable under the terms of the agreement from January 2017. Under this agreement the Charity received an annual sum of **£54,000 with a further sum of £13,500 being received in the year in respect of rent for Q1 (2025)**
- Within the Balance Sheet, there is an amount of **£4,268** showing in debtors. This relates to survey costs incurred that are ultimately to be reimbursed by the Council. Discussions continue between the Trust’s solicitors and Walsall Council.
## **2. Investment and Performance**
The constitution authorises the Trustees to make and hold investments at their discretion.
## **3. Factors Relevant to Achieve Objectives**
It is important to maintain relationships with sources of funding and donors as well as maintaining WILLENHALL CHAPEL OF EASE ESTATE’s good reputation and standing in the wider community.
4
**Report of the Trustees WILLENHALL CHAPEL OF EASE ESTATE**
## **Year Ended 31 December 2024**
## **FINANCIAL REVIEW**
**(a) Reserves Policy** The Trustees operate to carry out work to ensure the objects of the Charity are fulfilled.
**(b) Principal Funding** Principal funding comes from Rental income received from Walsall Council for the lease of the land upon which the school is built on.
## **PLANS FOR THE FUTURE**
## **Future Developments**
The Trustees will continue to monitor cash flows to ensure the Charity has sufficient funds to meet its liabilities as and when they fall due.
## **STATEMENT OF TRUSTEES RESPONSIBILTIES**
The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and regulations applicable law and regulations.
The Charities Act requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements that are required by law to give a true record and fair view of the state of affairs of WILLENHALL CHAPEL OF EASE ESTATE and the surplus or deficit of WILLENHALL CHAPEL OF EASE ESTATE for that period. In preparing these financial statements the Trustees are required to: -
1. Select suitable accounting policies and then apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that WILLENHALL CHAPEL OF EASE ESTATE will continue in operation
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of WILLENHALL CHAPEL OF EASE ESTATE and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of WILLENHALL CHAPEL OF EASE ESTATE and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report.
This report was approved by the Trustees on 21 October and signed on its behalf by
Rosalind Tarbuck
5
## **Independent Examiner’s Report to the Members of WILLENHALL CHAPEL OF EASE ESTATE Year Ended 31 December 2024**
We report on the accounts of the Charity for the year ended 31 December 2024 which are set out on pages 7 to 13.
## **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(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts under section 145 of the Act;
- Follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of the Act; and
- 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 Commissioners. 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 you as 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 these matters set out in the statement below.
## **Independent examiner’s statement**
In the course of my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
- Proper accounting records are kept in accordance with section 130 of the Act; and.
- Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Taheer Afzal ACA Independent Examiner BSS & Co 75 Aston Road Shifnal TF11 8DU 21 October 2025**
6
## **The Willenhall Chapel of Ease Estate Statement of Financial Activities For The Year Ended 31 December 2024**
|||Unrestricted|Restricted|Endowment|
2024|2023||
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|
Total|Total||
|||£|£|£|£|£||
||Notes|||||||
|**Incoming Resources**||||||||
|**Charitable activities**||||||||
|**Church School rent**|1|
54,000|||54,000|54,000||
|**Church House rent**||5,909|||5,909|6,046||
|**Bank Interest**||1,395|||1,395|1,143||
|**Total incoming resources**||61,304|||61,304|61,189||
|**Resources Expended:**||||||||
||||||**2024**|**2023**||
|**St Giles Church expenses**|2|
18,930|||18,930|15,773||
|**Church House expenses**|3|
464|||464|331||
|**Vicarage expenses**|4|
0|||0|800||
|**Donations**|5|
30,000|||30,000|29,200||
|**Governance costs**|6|
500|||500|500||
|**Total resources expended**||49,894|||49,894|46,604||
|**Net incoming/(outgoing) resources**||11,410|||11,410|14,585||
|**Fund balances brought forward**|10|
152,198|||152,198|137,613||
|**Fund balances carried forward**|10|
163,608|||163,608|152,198||
7
|**The Willenhall Chapel of Ease Estate**|**The Willenhall Chapel of Ease Estate**|**The Willenhall Chapel of Ease Estate**|**The Willenhall Chapel of Ease Estate**|**The Willenhall Chapel of Ease Estate**|
|---|---|---|---|---|
|**Balance Sheet**|||||
|**As At 31 December 2024**|||||
||||||
||||||
|||||Unrestricted|
|Funds|||||
||**2024**
**2023**||||
|Notes
£
£|||||
||**Current assets:**||||
|Debtors
7
4,268
4,268|||||
||Bank Balances
8
173,339
148,430||||
||||||
||||||
|**Current liabilities:**|||||
||Accruals and Deferred income
9
(14,000)
(500)||||
||||||
||**Net assets**
163,608
152,198||||
||||||
||||||
||||||
||**Represented by:**||||
|**FUNDS**|||||
||Unrestricted funds
10
163,608
152,198||||
|Restricted funds
-
-|||||
||163,608
152,198||||
||||||
||||||
||||||
||||||
|Approved by the trustees on 21 October and signed on their behalf.|||||
||||||
|Approved by
**Date**|||||
||Mrs R. Tarbuck-Treasurer||||
||||||
||Approved by|||**Date**|
|Paul Ingles|||||
8
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts Year Ended 31 December 2024**
## **1. Accounting Policies**
## **Basis of Accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards, FRS102 SORP "Charities SORP”.
## **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 Management Committee for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
## **Incoming Resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
- Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when received. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
- Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
- Investment income is included when receivable.
- Incoming resources from charitable trading activity are accounted for when earned.
- Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
9
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts Year Ended 31 December 2024**
## **Resources Expended**
Expenditure is recognised on an accruals basis as a liability is expended. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
- Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
- All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, e.g. floor areas, per capita or estimated usage as set out in the notes to the accounts.
## **Fixed Assets**
Fixed assets are stated at cost less accumulated depreciation.
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Furnishings and Equipment - 25% reducing balance basis Land and Buildings – 2% straight line basis.
## **Pension Costs**
No pension schemes were contributed to or operated during this period.
10
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts**
## **Year Ended 31 December 2024**
## **The Willenhall Chapel of Ease Estate**
## **Notes To the Financial**
## **Statements**
## **For The Year Ended 31 December 2024**
|||**Unrestricted**|**Restricted**|**Endowment**|**2024**|**2023**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**Total**|**Total**|
|||£|£|£|£|£|
||**Incoming Resources**||||||
|**1**|**Other incoming**||||||
||**resources**||||||
||Current School rent|54,000|||54,000|54,000|
||Church House rent|5,909|||5,909|6,046|
||Bank interest|1,395|||1,395|1,143|
|||61,304|||61,304|61,189|
11
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts**
## **Year Ended 31 December 2024**
||**Resources expended**|**Resources expended**|
|---|---|---|
||**Cost of generating funds:**||
||**Unrestricted Restricted Endowment 2024**
**2023**||
|||**Funds**
**Funds**
**Funds**
**Total**
**Total**|
||£
£
£
£
£||
||||
||**2024**
**2023**||
|**2**|**St Giles Church Expenses**
£
£||
||Alliance Technical-Repairs
3,168
3,168
2,040||
||Glow Energy-Heating repairs|2,756
2,756
9,469|
||Aid Fuel Oils Ltd
1,621
1,621
0||
||Rent Review -School Rent|5,916
5,916
0|
||Donations to Schools
1,895
1,895
4,183||
||TV Screens / Other
3,574
3,574
81||
||Total Charitable Donations
18,930
-
-
18,930 15,773||
||||
||**2024**
**2023**||
|**3**|**Church House Expenses**|£
£|
||Chubb repairs to Church House
128
128
0||
||Insurance|336
336
331|
||464
-
-
464
331||
||||
||**2024**
**2023**||
|**4**|**Vicarage Expenses**|£
£|
||Housing costs
0
0
800||
||||
||0
-
-
0
800||
||||
||**2024**
**2023**||
|**5**|**Donations**|£
£|
||Work of Church
30,000
30,000
29,200||
|||30,000
-
-
29,200
29,200|
||||
|||**2024**
**2023**|
|**6**|**Governance Costs**
£
£||
||Legal & professional|500
500
500|
||500
-
-
500
500||
12
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts Year Ended 31 December 2024**
|
**2024**
**2023**|
**2024**
**2023**|
**2024**
**2023**|
|---|---|---|
|**7**
**Debtors**
£
£|||
|Other debtors
4,268
4,268|||
||||
|
**2024**
**2023**|||
|**8**
**Bank Balances**
£
£|||
|Lloyds Bank Treasurers Account
144,723
121,208|||
|COIF Charity Fund
28,616
27,221|||
|173,339
148,429|||
||||
|
**2024**
**2023**|||
|**9**
**Creditors**
£
£|||
|Accruals and Deferred income
14,000
500|||
||||
|
**2024**
**2023**|||
|**10**
**Funds**
£
£|||
|Balance brought forward
152,198
137,613|||
|Surplus/ (Deficit) for the year
11,410
14,585|||
|Balance carried forward
163,608
152,198|||
13
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Rund Tar
# **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
**FOR**
**THE WILLENHALL CHAPEL OF EASE ESTATE**
## **Reference and Administrative Information**
**Registered charity name Willenhall Chapel of Ease Estate Charity registration number 1103278 Principal office St Giles Vicarage Walsall Street Willenhall West Midlands WV13 2ER**
## **The Trustees**
The Trustees who served during the period were as follows:
## **Chair of Trustees**
Paul Ingles 11 Yale Road
Willenhall West Midlands WV13 2JR
## **Other trustees** are:
Brian Knowles (ex officio / Churchwarden from 21 June 2022)
Steven Goodwin (Secretary)
Rosalind Tarbuck (Treasurer)
Tricia Clarke
Sheila Griffiths
Maureen Rollason
Claudia Johnson (from May 2024)
None of the Trustees received any remuneration or benefits during the year ended 31 December 2024.
**Accountants** Darlaston Taxshop Limited 210a-212a Darlaston Road, Wednesbury, West Midlands, WS10 7TQ **Bankers** Lloyds Bank Willenhall, PO Box 1000, BX1 1LT
1
**Report of the Trustees WILLENHALL CHAPEL OF EASE ESTATE**
## **Year Ended 31 December 2024**
The Trustees submit their annual report and the financial statements of WILLENHALL CHAPEL OF EASE ESTATE for the year ending 31 December 2024. The Trustees confirm that the annual report and financial statements of WILLENHALL CHAPEL OF EASE ESTATE comply with the current statutory requirements of the governing document and the provisions of the Statement of Recommended Practice (FRS102 SORP 2015 (modified 2016)) “Charities SORP”. The board of trustees are satisfied with the performance of the charity during the year and the position at 31 December 2024 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations
## **PUBLIC BENEFIT THAT IS PROVIDED BY THE CHARITY**
The trustees, in making decisions, have had due regard to the commission’s public benefit guidance when exercising any powers or duties. The objects of the charity are mentioned below.
The Charity makes donations from time to time to the Parochial Church Council and to St Giles C of E School.
The Charity undertakes regular reviews of its property for purposes of maintenance and improvement; the Trustees also review the Charity's obligation to comply with Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **(a) Constitution, Policies and Objectives**
WILLENHALL CHAPEL OF EASE ESTATE is constituted by the Trust Deed. Its objects are as follows: -
1. To provide or augment the stipend of the Minister serving the Parish and to contribute to their housing costs; and
2. To further the religious and charitable work of the Church of England in the Parish.
## **(b) Method and Appointment or Election to the Trustees**
WILLENHALL CHAPEL OF EASE ESTATE will appoint a chairperson being the Minister in accordance with the Trust Deed. The Chairperson will preside at the meetings of the Trustees. Two church wardens are ex officio members.
Individual membership can be granted by the Trustees to anyone deemed to uphold the principles and tenets of WILLENHALL CHAPEL OF EASE ESTATE.
## **(c) Policies Adopted for the Induction and Training of Members of the Trustees**
Appropriate training will be offered to any member who would benefit from this kind of support in helping them play a full part as a member of the Trustees.
## **(d) Organisational Structure and Decision Making**
The affairs of WILLENHALL CHAPEL OF EASE ESTATE are managed and regulated in accordance with WILLENHALL CHAPEL OF EASE ESTATE’s Constitution. It is the duty of the Trustees to ensure that the objects of WILLENHALL CHAPEL OF EASE ESTATE are achieved. The Trustees shall also have control of and be responsible for the supervision of the affairs of
2
**Report of the Trustees WILLENHALL CHAPEL OF EASE ESTATE**
## **Year Ended 31 December 2024**
WILLENHALL CHAPEL OF EASE ESTATE including: -
1. Development and achievement of strategies designed to ensure the WILLENHALL CHAPEL OF EASE ESTATE’s objects as defined by the constitution are fulfilled.
2. The appointment of sub-committees to deal with specific aspects of WILLENHALL CHAPEL OF EASE ESTATE’s work.
3. Development of budgets, control of expenditure and provision of necessary funds.
4. Management of WILLENHALL CHAPEL OF EASE ESTATE’s assets and subject as aforesaid shall have full power to take such action as it may think desirable in matters affecting the work and interests of WILLENHALL CHAPEL OF EASE ESTATE.
The Trustees shall appoint and give directions to such paid or honorary officers as it may require. A general meeting of WILLENHALL CHAPEL OF EASE ESTATE shall be held once a year at which the annual accounts of WILLENHALL CHAPEL OF EASE ESTATE shall be laid before this meeting.
Full accounts shall be kept of the sums of money received and expended and of the matters in respect of which such receipts and expenditure have taken place and of the assets, credits and liabilities of WILLENHALL CHAPEL OF EASE ESTATE and a balance sheet shall be prepared and printed not less than once a year. Once at least in each year the accounts of WILLENHALL CHAPEL OF EASE ESTATE shall be examined and the correctness of the balance sheet ascertained by one or more properly qualified independent examiners. Subject to any reasonable restrictions that may be imposed by the Trustees as to the time and manner of inspecting the same, accounts shall be open to any member.
## **(e) Risk Management**
The Trustees have examined and considered the major strategic, business and operational risks to WILLENHALL CHAPEL OF EASE ESTATE; and confirm that systems have been established to limit and manage the risks identified.
**OBJECTIVES AND ACTIVITIES (a) Strategies for Achieving Objectives.** The Trustees and its Steering Group meet on a regular basis to ensure the objectives are being met.
## **(f) Activities for Achieving Objectives**
The land that the school is built on, the Church House and the school dining room (formerly known as Church Hall) are owned by the WILLENHALL CHAPEL OF EASE ESTATE and income is received through short-term hire and long-term letting of these properties.
3
**Report of the Trustees**
**WILLENHALL CHAPEL OF EASE ESTATE**
## **Year Ended 31 December 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
## **1. Review of Activities**
The financial statements are set out on pages 8 to 13. The financial statements have been prepared implementing the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and follow the appropriate Charities SORP (FRS 102). As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.
The Trustees report a profit for the year of **£11,410** (2023 profit of £14,585 **)** . This profit has resulted in a net increase in funds for the year of **£11,410** (2023 profit of £14,585) which resulted in reserves at 31 December 2024 of **£163,608** (2023: £152,198).
- During 2024, the Charity spent **£3,168** towards the Church floor repairs and gutter cleaning. The charity spent **£3,573** as a contribution towards the cost of two television screens and **£2,756** to Glow Energy Services for the purchase and installation of convector heaters, commercial oil burner and installation of three heating circulation pumps as well as testing the boiler, radiators and nine convector heaters. These amounts have been treated as donations made to the church by the WILLENHALL CHAPEL OF EASE ESTATE.
- Expenditure includes a payment of **£1,275** to St Giles School for additional books and a new notice board. A payment of **£620** was made to cover expenditure on two hearing aids.
- A donation of **£5,916** was made to Towler Shaw Roberts Surveyors to review the lease terms of St Giles School, culminating in the rent review being agreed at £66,000 per annum from 2022 (the rent had previously been set at £54,000 per annum with effect from January 2017).
- During 2024, the Charity made a donation of **£30,000** to the PCC of St Giles, Willenhall to enable the PCC to meet its obligation to the Diocese of Lichfield and to free PCC funds for the religious and other charitable work of the Church of England in the Parish.
- During 2024, the Charity received funds from Walsall Council being annual rent receivable under the terms of the agreement from January 2017. Under this agreement the Charity received an annual sum of **£54,000 with a further sum of £13,500 being received in the year in respect of rent for Q1 (2025)**
- Within the Balance Sheet, there is an amount of **£4,268** showing in debtors. This relates to survey costs incurred that are ultimately to be reimbursed by the Council. Discussions continue between the Trust’s solicitors and Walsall Council.
## **2. Investment and Performance**
The constitution authorises the Trustees to make and hold investments at their discretion.
## **3. Factors Relevant to Achieve Objectives**
It is important to maintain relationships with sources of funding and donors as well as maintaining WILLENHALL CHAPEL OF EASE ESTATE’s good reputation and standing in the wider community.
4
**Report of the Trustees WILLENHALL CHAPEL OF EASE ESTATE**
## **Year Ended 31 December 2024**
## **FINANCIAL REVIEW**
**(a) Reserves Policy** The Trustees operate to carry out work to ensure the objects of the Charity are fulfilled.
**(b) Principal Funding** Principal funding comes from Rental income received from Walsall Council for the lease of the land upon which the school is built on.
## **PLANS FOR THE FUTURE**
## **Future Developments**
The Trustees will continue to monitor cash flows to ensure the Charity has sufficient funds to meet its liabilities as and when they fall due.
## **STATEMENT OF TRUSTEES RESPONSIBILTIES**
The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and regulations applicable law and regulations.
The Charities Act requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements that are required by law to give a true record and fair view of the state of affairs of WILLENHALL CHAPEL OF EASE ESTATE and the surplus or deficit of WILLENHALL CHAPEL OF EASE ESTATE for that period. In preparing these financial statements the Trustees are required to: -
1. Select suitable accounting policies and then apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that WILLENHALL CHAPEL OF EASE ESTATE will continue in operation
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of WILLENHALL CHAPEL OF EASE ESTATE and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of WILLENHALL CHAPEL OF EASE ESTATE and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report.
This report was approved by the Trustees on 21 October and signed on its behalf by
Rosalind Tarbuck
5
## **Independent Examiner’s Report to the Members of WILLENHALL CHAPEL OF EASE ESTATE Year Ended 31 December 2024**
We report on the accounts of the Charity for the year ended 31 December 2024 which are set out on pages 7 to 13.
## **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(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts under section 145 of the Act;
- Follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of the Act; and
- 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 Commissioners. 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 you as 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 these matters set out in the statement below.
## **Independent examiner’s statement**
In the course of my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
- Proper accounting records are kept in accordance with section 130 of the Act; and.
- Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Taheer Afzal ACA Independent Examiner BSS & Co 75 Aston Road Shifnal TF11 8DU 21 October 2025**
6
## **The Willenhall Chapel of Ease Estate Statement of Financial Activities For The Year Ended 31 December 2024**
|||Unrestricted|Restricted|Endowment|
2024|2023||
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|
Total|Total||
|||£|£|£|£|£||
||Notes|||||||
|**Incoming Resources**||||||||
|**Charitable activities**||||||||
|**Church School rent**|1|
54,000|||54,000|54,000||
|**Church House rent**||5,909|||5,909|6,046||
|**Bank Interest**||1,395|||1,395|1,143||
|**Total incoming resources**||61,304|||61,304|61,189||
|**Resources Expended:**||||||||
||||||**2024**|**2023**||
|**St Giles Church expenses**|2|
18,930|||18,930|15,773||
|**Church House expenses**|3|
464|||464|331||
|**Vicarage expenses**|4|
0|||0|800||
|**Donations**|5|
30,000|||30,000|29,200||
|**Governance costs**|6|
500|||500|500||
|**Total resources expended**||49,894|||49,894|46,604||
|**Net incoming/(outgoing) resources**||11,410|||11,410|14,585||
|**Fund balances brought forward**|10|
152,198|||152,198|137,613||
|**Fund balances carried forward**|10|
163,608|||163,608|152,198||
7
|**The Willenhall Chapel of Ease Estate**|**The Willenhall Chapel of Ease Estate**|**The Willenhall Chapel of Ease Estate**|**The Willenhall Chapel of Ease Estate**|**The Willenhall Chapel of Ease Estate**|
|---|---|---|---|---|
|**Balance Sheet**|||||
|**As At 31 December 2024**|||||
||||||
||||||
|||||Unrestricted|
|Funds|||||
||**2024**
**2023**||||
|Notes
£
£|||||
||**Current assets:**||||
|Debtors
7
4,268
4,268|||||
||Bank Balances
8
173,339
148,430||||
||||||
||||||
|**Current liabilities:**|||||
||Accruals and Deferred income
9
(14,000)
(500)||||
||||||
||**Net assets**
163,608
152,198||||
||||||
||||||
||||||
||**Represented by:**||||
|**FUNDS**|||||
||Unrestricted funds
10
163,608
152,198||||
|Restricted funds
-
-|||||
||163,608
152,198||||
||||||
||||||
||||||
||||||
|Approved by the trustees on 21 October and signed on their behalf.|||||
||||||
|Approved by
**Date**|||||
||Mrs R. Tarbuck-Treasurer||||
||||||
||Approved by|||**Date**|
|Paul Ingles|||||
8
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts Year Ended 31 December 2024**
## **1. Accounting Policies**
## **Basis of Accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards, FRS102 SORP "Charities SORP”.
## **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 Management Committee for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
## **Incoming Resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
- Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when received. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
- Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
- Investment income is included when receivable.
- Incoming resources from charitable trading activity are accounted for when earned.
- Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
9
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts Year Ended 31 December 2024**
## **Resources Expended**
Expenditure is recognised on an accruals basis as a liability is expended. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
- Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
- All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, e.g. floor areas, per capita or estimated usage as set out in the notes to the accounts.
## **Fixed Assets**
Fixed assets are stated at cost less accumulated depreciation.
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Furnishings and Equipment - 25% reducing balance basis Land and Buildings – 2% straight line basis.
## **Pension Costs**
No pension schemes were contributed to or operated during this period.
10
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts**
## **Year Ended 31 December 2024**
## **The Willenhall Chapel of Ease Estate**
## **Notes To the Financial**
## **Statements**
## **For The Year Ended 31 December 2024**
|||**Unrestricted**|**Restricted**|**Endowment**|**2024**|**2023**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**Total**|**Total**|
|||£|£|£|£|£|
||**Incoming Resources**||||||
|**1**|**Other incoming**||||||
||**resources**||||||
||Current School rent|54,000|||54,000|54,000|
||Church House rent|5,909|||5,909|6,046|
||Bank interest|1,395|||1,395|1,143|
|||61,304|||61,304|61,189|
11
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts**
## **Year Ended 31 December 2024**
||**Resources expended**|**Resources expended**|
|---|---|---|
||**Cost of generating funds:**||
||**Unrestricted Restricted Endowment 2024**
**2023**||
|||**Funds**
**Funds**
**Funds**
**Total**
**Total**|
||£
£
£
£
£||
||||
||**2024**
**2023**||
|**2**|**St Giles Church Expenses**
£
£||
||Alliance Technical-Repairs
3,168
3,168
2,040||
||Glow Energy-Heating repairs|2,756
2,756
9,469|
||Aid Fuel Oils Ltd
1,621
1,621
0||
||Rent Review -School Rent|5,916
5,916
0|
||Donations to Schools
1,895
1,895
4,183||
||TV Screens / Other
3,574
3,574
81||
||Total Charitable Donations
18,930
-
-
18,930 15,773||
||||
||**2024**
**2023**||
|**3**|**Church House Expenses**|£
£|
||Chubb repairs to Church House
128
128
0||
||Insurance|336
336
331|
||464
-
-
464
331||
||||
||**2024**
**2023**||
|**4**|**Vicarage Expenses**|£
£|
||Housing costs
0
0
800||
||||
||0
-
-
0
800||
||||
||**2024**
**2023**||
|**5**|**Donations**|£
£|
||Work of Church
30,000
30,000
29,200||
|||30,000
-
-
29,200
29,200|
||||
|||**2024**
**2023**|
|**6**|**Governance Costs**
£
£||
||Legal & professional|500
500
500|
||500
-
-
500
500||
12
**WILLENHALL CHAPEL OF EASE ESTATE Notes to the Accounts Year Ended 31 December 2024**
|
**2024**
**2023**|
**2024**
**2023**|
**2024**
**2023**|
|---|---|---|
|**7**
**Debtors**
£
£|||
|Other debtors
4,268
4,268|||
||||
|
**2024**
**2023**|||
|**8**
**Bank Balances**
£
£|||
|Lloyds Bank Treasurers Account
144,723
121,208|||
|COIF Charity Fund
28,616
27,221|||
|173,339
148,429|||
||||
|
**2024**
**2023**|||
|**9**
**Creditors**
£
£|||
|Accruals and Deferred income
14,000
500|||
||||
|
**2024**
**2023**|||
|**10**
**Funds**
£
£|||
|Balance brought forward
152,198
137,613|||
|Surplus/ (Deficit) for the year
11,410
14,585|||
|Balance carried forward
163,608
152,198|||
13