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← Queensway Chapel (Melksham)

2024-03-31-accounts

QUEENSWAY CHAPEL (MELKSHAM)

Report and Accounts Year ended 31st March 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

QUEENSWAY CHAPEL (MELKSHAM)

FOR THE YEAR ENDED 31 MARCH 2024

COMPANY INFORMATION

Registered Office

Queensway Chapel Pembroke Road Melksham Wiltshire SN12 7NB

Governing Document Memorandum & Articles of Association
dated 3 September 2010
Company Registration Number 07378596
Charity Registration Number 1138752
Directors Stuart Arnold
Timothy Cracknell
Robin Oakes
Naomi Owen
Jack Woodward
John Gymer
Martin Erwin
Paramasen Naidoo
Company Secretary Paramasen Naidoo
Key Staff Rob Lloyd
Sally Oliver
Rachel Erwin
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ
Independent Examiner Lisa Darby FCA
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Solicitors Goughs Solicitors
The Strand
Calne
Wiltshire SN11 0JU
Contents Page
Company Information 1
Directors' Report 2 - 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 - 18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

QUEENSWAY CHAPEL (MELKSHAM) REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2024

The Directors, who are the Trustees of the Charity, have pleasure in submitting the Report and Accounts for the year.

Reference and Administrative Details

The Directors

Robin Oakes (Chair) South Hill Church, Hemel Hempstead Stuart Arnold (Secretary) Queensway Chapel Tim Cracknell Forest of Dean Community Church, Cinderford John Gymer Queensway Chapel Naomi Owen Core Church, Melksham Jack Woodward St Georges C of E, Semington, Melksham Martin Erwin Queensway Chapel Masen Naidoo Queensway Chapel

Spiritual leadership

Kathryn Rodda Martin Erwin Rachel Erwin Masen Naidoo

Structure, Governance and Management

One meeting annually will have the sole purpose of reviewing our policies and procedures.

Page 2

Salary Team: The salary team (one director and two members of the congregation with business experience) reviews all salaries annually.

Activity Teams: Other teams plan and implement a wide range of activities.

Activities undertaken to fulfil the objects of the Church

In planning activities, the Directors and Spiritual Leadership have had regard to the guidance on public benefit issued by the Charity Commission.

Object 1: The Christian faith

Open Lunch

Open Lunch takes place every Tuesday throughout the month, running from 11:00 AM to 1:00 PM. This initiative offers an affordable, simple three-course lunch prepared and served by a dedicated team of around eight volunteers each week. Our vision is to create a welcoming space where the Christian faith is shared through both words and actions, fostering friendships and providing nutritious meals to the local community surrounding the Chapel. On average, we serve approximately 50 guests each week. Although we do not engage in formal advertising, new attendees continue to join us through word-of-mouth recommendations. Each session includes a brief talk on an aspect of the Christian faith, and discussions at the tables often touch upon various life issues. There are also occasional opportunities to pray for individuals facing challenges such as illness or grief. Looking ahead, we plan to introduce an additional Bible-based exploration for those interested, likely before or after the lunch. Notably, some attendees of Open Lunch have gone on to participate in the Alpha course.

Toddler Groups

Our toddler groups have welcomed a mix of new parents and familiar families returning to our sessions. We have seen bookings of up to 12 family groups for each session, particularly at the beginning of the term when interest is highest. These groups play a crucial role in helping new parents connect with others, and it is from this community that we extend invitations to our Family Church gatherings on Wednesdays.

Family Church

Family Church has been successfully running for over two years, since March 2022. We have established a core group of regular attendees, creating a weekly gathering of 30-40 people. The format remains consistent, featuring action songs, games, a Bible story, crafts, and a shared meal. Our dedicated group of 10-12 volunteers, many of whom have been with us since the beginning, continues to support this ministry. Over the past year, friendships have deepened, and we celebrated the end of the school year with a prizegiving ceremony, recognizing the children's commitment to attending.

Evangelistic Support

The church remains committed to supporting an evangelist who ministers both in England and in his home country of India. This partnership continues to be a vital part of our outreach efforts.

Page 3

Object 2: Care in the community

Toddler Groups

Meeting in smaller groups has fostered the development of deeper relationships among participants. Most of the children who attend are from families with little previous involvement with the church, providing a valuable outreach opportunity.

Chapel and Nursery Partnership

The Chapel maintains a strong partnership with the Nursery, which serves a high proportion of socially disadvantaged families. This collaboration allows us to extend our support to those in need within our community.

Community Projects

Our church continues to actively collaborate with other local churches on various community projects, including debt advice services, the Food Bank, and Messy Church. These joint efforts are essential in addressing the needs of our community.

Wellbeing Group

The Wellbeing Group, run by and for individuals with mental health challenges, has seen increased attendance. Many participants have expressed deep appreciation for the support and companionship offered during these sessions.

Shine Friendship Café

The Shine Friendship Café has thrived this year, with all 80 spaces fully booked each week. To accommodate growing interest, we introduced an afternoon session, Shine Activities, which provides additional spaces and a quieter, more relaxed environment. This session includes activities such as arts and crafts, baking, drama, games, puzzles, and a sensory table. We also incorporate a 15-minute worship session, encouraging participants to lead and engage in prayer, sharing good news, singing, signing, and playing instruments.

Shine Sunday Service

In addition to the Café, Shine meets once a month on Sunday afternoons for a service, which has proven to be both popular and well-attended. While the Friendship Café has grown out of this work, it is led by a different individual, contributing to the diversity of our ministry offerings.

Support for Local Foodbank

Our church continues to support the local foodbank through both donations and volunteer manpower, playing a critical role in addressing food insecurity in our area.

Object 3: Education

Wycliffe Bible Translators Support

We continue to provide financial support through Wycliffe Bible Translators to a church member who oversees language research projects for previously unwritten languages in Tanzania.

Queensway Chapel Nursery

Queensway Chapel Nursery operates as a separate charity. Membership is open to individuals attending any Christian church; however, the majority of current members are affiliated with Queensway Chapel.

Page 4

Significant Actions

Staff

The church currently employs five staff members, who are integral to the day-to-day operations and ministry efforts.

Spiritual Leadership

The church is guided by four recognized leaders who are responsible for the spiritual direction of the congregation, working in consultation with the trustees. To support the development of vision and strategy, occasional leaders' away days have been organized.

Outreach Programs

Financial Review

Incoming resources

Over the past year, income grew by £10,352, bringing the total to £106,520. The primary source of income for the church comes from voluntary giving. Additionally, revenue from church-managed facilities and community activities has seen consistent year-on-year growth, reflecting the church's ongoing efforts to encourage local groups to utilize these facilities.

Expenditure

Expenditure rose by £19,950, totalling £128,906 for the year. With the approval of the trustees, this included the cost of repairing the roof in the church hall and undertaking significant refurbishment of Queensway Chapel, which involved replacing carpets, repairing walls, and repainting to enhance the overall condition and appearance of the building.

Employment and training costs:

The contribution of volunteers to implementation of the objectives.

Most activities are delivered by volunteers with the majority of the church involved in some way although the time given by different individuals varies considerably.

Reserves and Budget Financial Year ending 31 March 2024

Our reserves policy has been reviewed to ensure sufficient reserves for salaries and utilities: o To ensure that the church has sufficient funds to meet its financial commitments for at least three months.

Page 5

Directors’ Responsibilities

Charity law requires us as Directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.

We are required to:

  1. Select suitable accounting policies and apply them consistently.

  2. Make judgements and estimates that are reasonable and prudent.

  3. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.

  4. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Directors of the Company who held office at the date of approval of this report confirm that, so far as they are each aware, there is no relevant information of which the Independent Examiner is unaware and each Director has taken all the steps that he ought to have taken as a director to make himself aware of any relevant information and to establish that the Independent Examiner is aware of that information.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 249(2) of the Companies Act 2006.

Small Companies Provision

This report has been prepared in accordance with the special provisions of part (vii) of the Companies Act 2006 relating to small companies.

Approval

This report was approved by the directors on

and signed on their behalf by:

Paramasen Naidoo (Masen)

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

QUEENSWAY CHAPEL (MELKSHAM) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024 on pages 8 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Lisa Darby FCA

Dated:

Stewardship 1 Lamb's Passage London EC1Y 8AB

Page 7

QUEENSWAY CHAPEL (MELKSHAM)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Grants Payable
8
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
77,522
17,504
1,043
10,451
106,520
116,835
12,071
128,906
-
(22,386)
-
(22,386)
(22,386)
480,474
458,088		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2024
£
77,522
17,504
1,043
10,451
106,520
116,835
12,071
128,906
-
(22,386)
-
(22,386)
(22,386)
480,474
458,088		 Total
Funds
2023
£
73,847
16,299
362
5,660
96,168
93,501
15,456
108,957
-
(12,788)
-
(12,788)
(12,788)
493,262
480,474

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 10 - 18 form part of these accounts.

Page 8

QUEENSWAY CHAPEL (MELKSHAM)

BALANCE SHEET

AS AT 31ST MARCH 2024

Note
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Restricted
Funds
Funds
£
£
402,753
-
402,753 0
-
4,075
-
53,515
-
57,590
-
2,255
-
55,335
-
458,088
-
458,088
-
36,797
-
421,291
-
458,088
-
-
-
458,088
-		 Total
Total
Funds
Funds
2024
2023
£
£
402,753
409,651
402,753 0
409,651
4,075
748
53,515
71,812
57,590
72,560
2,255
1,737
55,335
70,823
458,088
480,474
458,088
480,474
36,797
57,377
421,291
423,097
458,088
480,474
-
-
458,088
480,474		 Total
Funds
2023
£
409,651
748
71,812
72,560
1,737
70,823
480,474
480,474
57,377
423,097
480,474
-
480,474

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Paramasen Naidoo

Date: _______

The notes on page 10 - 18 form part of these accounts.

Company number: 7378596

Charity number:

1138752

Page 9

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These 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) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church events and courses.

Investment income represents income generated by the charity's assets and includes income from bank interest.

Other income comprises of income from facilities hire, insurance reclaim payments, gains arising from the disposals of tangible fixed assets and other miscellaneous income.

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

Page 10

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

c) Expenditure

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold Church buildings Over 50 years after taking account of the building's residual value Freehold Hall buildings Over 25 years after taking account of the building's residual value Equipment Over 3 to 10 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

i) Critical accounting estimates and areas of judgement

The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.

Page 11

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

Donations
Income tax recoverable
4
Income from charitable activities
Family Centre
Shine
Open Lunch
Social & Outreach
5
Investment income
Bank interest
6
Other income
Use of Facilities
Other
7
Charitable expenditure
a
Costs incurred directly on specific activities
Family Centre
Youth Work
Shine
Open Lunch
Pastoral Care
Social & Outreach
Church Services		 Unrestricted
Funds
£		 Restricted
Funds
£		 Total
2024
£		 Total
2023
£
65,421
12,101
77,522
Unrestricted
Funds
£
1,585
7,349
6,616
1,955
17,504
Unrestricted
Funds
£
1,043
1,043
Unrestricted
Funds
£
10,204
247
10,451		 -
-
-
Restricted
Funds
£
-
-
-
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-		 65,421
12,101
77,522
Total
2024
£
1,585
7,349
6,616
1,955
17,504
Total
2024
£
1,043
1,043
Total
2024
£
10,204
247
10,451		 62,396
11,451
73,847
Total
2023
£
1,283
7,832
4,295
2,890
16,299
Total
2023
£
362
362
Total
2023
£
4,557
1,104
5,660
Unrestricted
Funds
£
544
6
4,913
5,724
495
3,693
1,129
16,504		 Restricted
Funds
£
-		 Total
2024
£
544
6
4,913
5,724
495
3,693
1,129
16,504		 Total
2023
£
845
312
5,352
3,658
744
4,247
1,310
16,469

Page 12

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

b
Costs incurred on support & administration
Governance costs
Cost of independent examination
2,010
Profesional Fees -Thirty one eight DBS
63
2,073
Employment Cost (Note 9)
46,968
Training & Conferences
253
Light, heat,water and waste
9,531
License,Membership etc
2,739
Repairs,improvements and cleaning
21,463
Bank charges
92
Depreciation of tangible fixed assets
9,094
Insurance
3,183
Telephone & Office Costs
2,079
Books etc
886
Catering
1,257
AV Equipment
712
100,331
Total expenditure on charitable activities
116,835
8
Grants payable
Grants for UK and overseas mission
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
The charity's principal grants to institutions comprised:
Wycliffe
Stewardship (for support of missionary working with Youth With A Mission)
Samara Aid
Grants to institutions for less than £1,000 each		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Institutions
£		 2,010
63
2,073
46,968
253
9,531
2,739
21,463
92
9,094
3,183
2,079
886
1,257
712		 1,620
145
1,765
38,207
300
6,394
2,584
10,380
89
8,600
3,009
2,682
1,097
785
1,141
100,331 77,032
116,835
Individuals
£
475
475
Individuals
£
1,104
1,104
2024
£
4,522
2,807
-
4,267
11,596		 93,501
2024
£
12,071
11,596
11,596
Institutions
£
14,352
14,352		 12,071
2023
£
15,456
15,456
2023
£
7,074
2,417
1,284
3,577
14,352

Page 13

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

9 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Employer Pension Costs		 2024
£
46,380
588
46,968		 2023
£
37,792
416
38,207

The average monthly number of employees during the year was 5 (2023: 3.5). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

fits payable to key management for the year were as follows:
Other
Employer
Wages &
employment
pension
salaries
benefits contributions
Key management connected to trustees:
Rachel Erwin (wife of a trustee)
23,446
516
Other members of key management
16,960
72		 2024
£
23,962
17,032
40,994
ollowing amounts were charged in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits contributions
Key management connected to trustees:
Rachel Erwin (wife of a trustee)
23,658
384
Other members of key management
10,598
32		 2023
£
24,041
10,630
34,671

The following amounts were charged in the previous year:

Rachel Erwin served as church leader and received the above payments for serving in that capacity; these payments are permitted by the charity's governing document.

10 Acting as agent

On occasion the charity receives money on behalf of other charities or individuals, which it banks and then pays out to these charities or individuals. This income is received as agent for these other charities and individuals and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor. There were no agency transactions during the year ending 31 March 2024.

Page 14

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

11 Tangible fixed assets

Cost or valuation
At 1 April 2023
Additions
At 31 March 2024
Accumulated depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Equipment
£
37,624		 Freehold
Land
£
280,000		 Freehold
Buildings
Church
£
150,000		 Freehold
Queensway
Hall
£
75,000
-
75,000
51,000
3,000
54,000
21,000
24,000		 Total
2024
£
542,624
2,196
2,196
39,820
30,973
3,094
34,066		 -
280,000
-
-		 -
150,000
51,000
3,000
54,000
544,820
132,973
9,094
142,066
5,753
6,651		 280,000
280,000		 96,000
99,000		 402,753
409,651

Freehold land and buildings have been brought in to the accounts at directors' valuation in 2011, based on original building or purchase costs. Depreciation is charged to the Property Fund.

12 Debtors

Falling due within one year:
Trade debtors
Tax recoverable
13
Cash at Bank and in Hand
Cash at bank with immediate access
Petty cash
14
Creditors: liabilities falling due within one year
Accruals		 2024
£
433
3,643
4,075
2024
£
53,408
107
53,515
2024
£
2,255
2,255		 2023
£
108
640
748
2023
£
71,509
303
71,812
2023
£
1,737
1,737

15 Pension commitments

During the year employer’s pension contributions totalling £588 (2023: £412) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2023: £nil).

Page 15

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

16 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Family Centre
Shine
Open Lunch
Salaries & Utilities
Property Fund
General Unrestricted Funds
Total Unrestricted Funds		 Opening
balance
2023
£
1,170
2,309
2,618
14,000
403,000
423,097
57,377
480,474		 Incoming
resources
2024
£		 Outgoing
resources
2024
£		 Transfers
in the year
2024
£
(574)
(330)
(330)
1,520
-
287
(287)
-		 Closing
balance
2024
£
1,458
4,133
3,180
15,520
397,000
1,585
7,349
6,616
-
15,550
90,970
106,520		 (724)
(5,194)
(5,724)
-
(6,000)
(17,642)
(111,264)
(128,906)
421,291
36,797
458,088

The transfers referred to above were made for the following reasons:

a) Open Lunch Fund contribution of £330 towards General Fund expenditure

b) Family Centre Fund contribution of £574 towards General Fund expenditure.

c) Shine Fund contribution of £330 towards General Fund expenditure.

Page 16

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 General
Designated
funds
funds
£
£
5,753
397,000
4,075
-
29,224
24,291
(2,255)
-
36,797
421,291
Unrestricted Funds		 Restricted
funds
£
-
-
-
-
-		 2024
£
402,753
4,075
53,515
(2,255)
General
funds
£
5,753
4,075
29,224
(2,255)
36,797
458,088

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Family Centre
Shine
Open Lunch
Salaries & Utilities
Property Fund
General Unrestricted Funds
Total Unrestricted Funds		 Opening
balance
2022
£
1,232
1,287
2,312
14,000
409,000
427,831
65,431
493262		 Incoming
resources
2023
£
1,283
7,832
4,295
-
13,409
82,759
96168.33		 Outgoing
resources
2023
£
(845)
(5,980)
(3,658)
-
(6,000)
(16,483)
(92,473)
(108,957)		 Transfers
in the year
2023
£
(500)
(830)
(330)
-
-
(1,660)
1,660
-		 Closing
balance
2023
£
1,170
2,309
2,618
14,000
403,000
423,097
57,377
480,474

The transfers referred to above were made for the following reasons:

a) Open Lunch Fund contribution of £330 towards General Fund expenditure

b) Family Centre Fund contribution of £500 towards the cost of roof repair paid for by the General Fund

c) Shine Fund contribution of £830 towards General Fund expenditure including roof repair.

Page 17

QUEENSWAY CHAPEL (MELKSHAM)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 General
Designated
funds
funds
£
£
6,651
403,000
748
-
51,715
20,097
(1,736)
-
57,378
423,097
Unrestricted Funds		 Restricted
funds
£
-
-
-
-
-		 2023
£
409,651
748
71,812
(1,736)
General
funds
£
6,651
748
51,715
(1,736)
57,378
480,474

The Family Centre Fund is a designated fund used to manage the operating income and expenses of the Family Centre. The Shine Fund is a designated fund use to manage the operating income and expenses of the Shine Family Café The Open Lunch Fund is a designated fund used to manage the operating income and expenses of the regular Open lunches. The Salaries & Utilities Fund is a designated fund set up to maintain a reserve of 3 month's salaries.

The Property Fund holds the net book value of the freehold properties owned by the charity (see note 11).

17 Transactions with related parties

During the year the charity:

Except as disclosed in note 9 'Analysis of staff costs', there have been no other transactions with related parties during the year.

18 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

19 Post Balance Sheet events

None

Page 18

QUEENSWAY CHAPEL (MELKSHAM)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Grants Payable
8
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 2024
£
77,522
1,955
1,043
10,451
90,970
99,193
12,071
111,264
(20,293)
Unrestricted F		 2023
£
73,847
2,890
362
5,660
82,759
77,647
14,827
92,474
(9,714)
unds - General		 2024
£
-
15,550
-
-
15,550
17,642
-
17,642
(2,093)
287
(1,806)
423,097
421,291
Unrestricted Fund		 2023
£
-
13,409
-
-
13,409
15,854
629
16,483
(3,074)
(1,660)
(4,734)
427,831
423,097
s - Designated		 2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted		 2023
£
-
-
-
-
-
3
3
(3)
-
(3)
3
-
Funds		 Total
Funds
2024
£
77,522
17,504
1,043
10,451
106,520
116,835
12,071
128,906
-
-
-
(22,386)
-
(22,386)
480,474
458,088		 Total
Funds
2023
£
73,847
16,299
362
5,660
96,168
93,501
15,456
108,957
-
(12,788)
-
(287) 1,660
(20,580)
57,377
36,797		 (8,054)
65,431
57,377
(12,788)
493,262
480,474

Page 19