## **THE CHIPSTEAD CHAPEL CHARITY**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
**THE CHAPEL OF THE GOOD SHEPHERD AND CHEVENING PARISH HALL**
**FOR THE YEAR ENDED 31ST DECEMBER 2021**
**Rector: The Reverend Hannah Adams Address: The Church Office Chevening Parish Hall Homedean Road Chipstead, Sevenoaks Kent, TN13 2RU**
U RC:
**THE CHIPSTEAD CHAPEL CHARITY**
## **The Chapel of the Good Shepherd and Chevening Parish Hall**
## **ANNUAL REPORT FOR 2021**
## **Administrative information**
The Chipstead Chapel Charity (the Charity) manages a property in Homedean Road which contains the Chapel of the Good Shepherd, Chevening Parish Hall and residential accommodation known as Homedean and let out as a private residence.
The Charity is managed from the Chevening Church Office, Homedean Road, Chipstead, Sevenoaks, Kent, TN13 2RU.
The Charity is registered with the Charity Commission and its registration number is 1147141.
## **STRUCTURE AND GOVERNANCE**
The Charity is administered by a single corporate trustee, The Chevening Parochial C (the PCC). Information about the PCC, its members and its activities can be found on the Charity Commission website at www.charity-commission.gov.uk. The PCC cha registration number is 1134784. The PCC is subject to the Charities Act 2011 as ame
## **OBJECTIVES AND ACTIVITIES**
The Charity maintains, repairs, improves and furnishes the Chapel of the Good Shep and the Parish Hall and lets the Hall to approved tenants for church and community
The Charity also manages the accommodation known as Homedean and lets this to residential tenants.
## **MANAGEMENT**
The Charity is managed by the Rector and Churchwardens on behalf of the Chevenin Parochial Church Council as the Corporate Trustee. They are supported by a Hall Management Committee with regular meetings three times a year and additional me as required.
## **PERFORMANCE**
Activity was significantly curtailed due to the Covid-19 pandemic although some hall were briefly possible with extensive cleaning and sanitization regimes put in place. The use of the Homedean property was brought to a halt by a burst pipe in August 2 and negotiations were undertaken to evict the tenant and commence repair work in co-ordination with the insurers. The tenant left the property in January 2021. Repairs commenced without delay and a new tenant was introduced in April 2021.
## **FINANCIAL REVIEW**
Total incoming resources were £28,973 (2020 £15,508) with expenditure of £25,013 resulting in a surplus of £3,960 (2020 deficit £1,996) to be added to unrestricted res The unrestricted funds to be carried forward total £14,517.
Further details of the income and expenditure can be found in the financial statemen
Council
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ng eetings l rentals 020 s were
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Page 1
## **THE CHIPSTEAD CHAPEL CHARITY**
## **Statement of Financial Activities for the year ended 31st December 2021**
|**Incoming resources**
Residential lettings
Hall lettings
Local Authority Covid Grants
Insurance claims
**Total income**
**Expenditure**
Residential letting costs
Residential letting maintenance
Hall operating costs
Hall maintenance
**Total expenditure**
Net income (-expenditure)
**Net movement in funds**
Funds brought forward
Funds carried forward|Unrestricted
Restricted
Total
funds
funds
31.12.21|
|---|---|
||16,000
16,000
2,270
2,270
1,134
1,134
9,569
9,569|
||28,973
0
28,973|
||1,956
1,956
12,026
12,026
6,926
6,926
4,105
4,105|
||25,013
0
25,013|
||3,960
3,960|
||3,960
0
3,960
10,557
1,128,405
1,138,962|
||£14,517
£1,128,405
£1,142,922|
The Charity has no employees
Total 31.12.20
12,352 3,156 0 0 15,508
1,470 1,757 7,405 2,880 13,512 1,996 1,996 1,136,966 £1,138,962
Page 2
**THE CHIPSTEAD CHAPEL CHARITY Balance Sheet as at 31st December 2021**
|**Accumulated funds**
Unrestricted funds
Restricted funds
**Total charity funds**
**Represented by**
**Fixed assets**
Tangible fxed assets
**Current assets**
Balances at bank
less: sundry creditors
**Total charity assets**|Notes
1
2|31.12.21|
|---|---|---|
|||14,517
1,128,405|
|||£1,142,922|
|||1,128,405|
|||1,128,405|
|||14,517
0|
|||14,517|
||||
|||£1,142,922|
**Approved by the Chevening Parochial Church Council (as Trustee) and signed on its behalf**
## **Rev Hannah E Adams (Rector)**
**Date**
31.12.20
10,557
1,128,405
£1,138,962
1,128,405 1,128,405
10,968 -411 10,557 £1,138,962
Page 3
**THE CHIPSTEAD CHAPEL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1 ACCOUNTING POLICIES**
The Financial Statements have been prepared in accordance with the Charities Ac 2011, the Financial Reporting Standard for Smaller Entities (effective January 200 and the Charities SORP.
The Financial Statements have been prepared under the historical cost conventio except for investment assets which are shown at market value. The Financial Statements include all transactions, assets and liabilities for which the Charity is responsible in law.
## FUNDS
Unrestricted funds are those that can be used by the Charity for any qualifying general purpose.
Restricted funds are those that can only be used for the specific purpose for which they have been given. Any balance remaining unspent at the end of each year must be carried forward.
## INCOMING RESOURCES
Donations are recognised when received. Grants and legacies are accounted for when the Charity becomes legally entitled to them. Dividends are accounted for when they become due and interest is accrued. All other income is accounted for when it becomes due and is accounted for gross.
## RESOURCES EXPENDED
Expenditure is generally recognised when it is incurred and is accounted for gross
## FIXED ASSETS
Tangible fixed assets are capitalised on acquisition, included on the balance shee and subsequently revalued as appropriate. No tangible assets were acquired during the year.
Depreciation on tangible fixed assets is not provided in these accounts as any charge is considered to be immaterial on the basis that the asset has either a ver long useful life or a residual value, based on is current value, which is not materially different from its book value. In addition, as a charity falling within the scope of the Financial Reporting Standard for Smaller Entities, the Charity is not required to carry out an annual impairment review of its tangible fixed assets and does not do so.
## **2 TANGIBLE FIXED ASSETS**
The Rochester Diocesan Board of Finance is the Custodian Trustee of the property and the book value of £1,128,405 is based on a valuation carried out in October 2016 by the Ecclesiastical Insurance Co for insurance purposes. The restricted fund is equal to the book value of the property.
## **3 FUNDS**
|**NDS**||
|---|---|
|Analysis of net assets by fund
Tangible fxed assets
Current assets less liabilities
**RRENT ASSETS/LIABILITIES**
Balance at NatWest Bank plc
Lettings and other receivables
less
Creditors for goods and services|Unrestricted
Restricted
Total
funds
funds
31.12.21|
||1,128,405
1,128,405
14,517
14,517|
||14,517
1,128,405
1,142,922|
||14,517
14,517
0
0|
||14,517
14,517|
## **4 CURRENT ASSETS/LIABILITIES**
## **5 CONNECTED CHARITY**
As Chevening PCC is the sole corporate trustee of the Charity, it is a connected charity but, as they are managed entirely independently and have different objec no disclosure of individual transactions is required.
ct
5}
Page 4
Total 31.12.20 1,128,405 10,557 1,138,962
10,968 411 10,557
ctives
Page 5
**THE CHIPSTEAD CHAPEL CHARITY**
## **Year ended 31st December 2021**
## **Independent Examiner's Report to the Parochial Church Council of St Botolp Church in the parish of Chevening, Kent - The Chipstead Chapel Charity Tru**
I report on the accounts for the year ended 31st December 2021 which are set out on pages 2 to 5 inclusive.
## **Respective responsibilities of the Trustees and the Independent Examiner**
The charity's trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is sufficient.
It is my responsibility, as Independent Examiner, to:
- examine the accounts under Section 145 of the 2011 Act
- follow the procedures laid down in the General Directions given by the Cha Commissioners in Section 145(b) of the 2011 Act
- state whether any particular matters have come to my attention
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with the General Directions given by t Charity Commission. Such examination includes a review of the accounting records ke by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts and seek explanations from the Trustee 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 and the report is limited to those matters set out in the statement below:-
In connection with my examination, no matter has come to my attention:
- 1 which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 130 of the 2011 Act
- � to prepare financial statements which accord with those accounting record
have not been met or
- 2 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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Signed
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Date 26th
Joshua Peake
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Mr Joshua Peake, ACCA
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