THE CHIPSTEAD CHAPEL CHARITY
ANNUAL REPORT AND FINANCIAL STATEMENTS THE CHAPEL OF THE GOOD SHEPHERD AND CHEVENING CHURCH HALL
FOR THE YEAR ENDED 31ST DECEMBER 2025
Rector: The Reverend Hannah Adams Address: The Church Office Chevening Church Hall Homedean Road Chipstead, Sevenoaks Kent, TN13 2RU
THE CHIPSTEAD CHAPEL CHARITY
The Chapel of the Good Shepherd and Chevening Parish Hall
ANNUAL REPORT FOR 2025
Administrative information
The Chipstead Chapel Charity (the Charity) manages a property in Homedean Road which contains the Chapel of the Good Shepherd, Chevening Church 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 Church Council (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 charity registration number is 1134784.
The PCC is subject to the Charities Act 2011 as amended.
OBJECTIVES AND ACTIVITIES
The Charity maintains, repairs, improves and furnishes the Chapel of the Good Shepherd and the Church Hall and lets the Hall to approved tenants for church and community activities.
The Charity also manages the accommodation known as Homedean and lets this to approved residential tenants.
MANAGEMENT
The Charity is managed by the Rector and Churchwardens on behalf of the Parochial Church Council as the Corporate Trustee. They are supported by a Hall Management Committee with regular meetings three times a year and additional meetings as required.
PERFORMANCE
The Homedean property continued to be let to a residential tenant throughout 2025 and the church hall was let to a variety of community based organisations and to members of the congregation for social and community activities. The redecoration of significant parts of the chapel and hall were completed during the year.
FINANCIAL REVIEW
Total incoming resources were £42,136 (2024 £34,954) with expenditure of £28,322 (2024 £43,760) leaving a surplus to be added to reserves of £13,813 (2024 deficit £8,806). The unrestricted funds to be carried forward thus total £38,014 (2024 £24,200).
Further details of the income and expenditure can be found in the notes and reports attached.
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THE CHIPSTEAD CHAPEL CHARITY
Statement of Financial Activities for the year ended 31st December 2025
| Incoming resources Residential lettings Hall lettings Bank interest 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 Total funds funds 31.12.25 31.12.24 |
|---|---|
| 28,420 28,420 23,953 13,116 13,116 11,001 600 600 0 |
|
| 42,136 0 42,136 34,954 |
|
| 4,705 4,705 4,297 150 150 703 14,787 14,787 17,955 8,680 8,680 20,805 |
|
| 28,322 0 28,322 43,760 |
|
| 13,814 13,814 -8,806 |
|
| 13,814 0 13,814 -8,806 24,200 1,128,405 1,152,605 1,161,411 |
|
| £38,014 £1,128,405 £1,166,419 £1,152,605 |
The Charity has no employees
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THE CHIPSTEAD CHAPEL CHARITY
Balance Sheet as at 31st December 2025
| Accumulated funds Unrestricted funds Restricted funds Total charity funds Represented by Fixed assets Tangible fixed assets Current assets Balances at bank Balance held by or due to PCC Total charity assets |
Notes | 31.12.25 38,014 1,128,405 £1,166,419 1,128,405 1,128,405 27,414 10,600 38,014 £1,166,419 |
31.12.24 |
|---|---|---|---|
| 24,200 1,128,405 |
|||
| £1,152,605 | |||
| 1,128,405 | |||
| 1,128,405 | |||
| 14,200 10,000 |
|||
| 24,200 | |||
| £1,152,605 |
Approved by the Chevening Parochial Church Council (as Trustee) and signed on its behalf by
| Joseph Devine Date |
Joseph Devine |
|---|---|
| 1st May 2026 |
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THE CHIPSTEAD CHAPEL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
1 ACCOUNTING POLICIES
The Financial Statements have been prepared in accordance with the Charities Act 2011, the Financial Reporting Standard for Smaller Entities (effective January 2005) and the Charities SORP.
The Financial Statements have been prepared under the historical cost convention 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 sheet 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 very long useful life or a residual value, based on its 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.
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3 FUNDS
| 3 FUNDS |
|
|---|---|
| Analysis of net assets by fund Tangible fixed assets Current assets less liabilities 4 CURRENT ASSETS/LIABILITIES Balance at NatWest Bank plc Balance held by PCC |
Unrestricted Restricted Total Total funds funds 31.12.25 31.12.24 |
| 1,128,405 1,128,405 1,128,405 38,014 14,517 |
|
| 38,014 1,128,405 1,166,419 1,142,922 |
|
| 27,414 27,414 14,200 10,600 10,600 15,000 |
|
| 38,014 38,014 29,200 |
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 objectives, no disclosure of individual transactions is considered appropriate
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THE CHIPSTEAD CHAPEL CHARITY
Year ended 31st December 2025
Independent Examiner's Report to the Parochial Church Council of St Botolph's Church in the parish of Chevening, Kent - The Chipstead Chapel Charity Trustee
I report on the accounts for the year ended 31st December 2025 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 Charity 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 the Charity Commission. Such examination includes a review of the accounting records kept by 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 seeking 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 view' 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 or
-
to prepare financial statements which accord with those accounting records
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 Joshua Peake Date 1st May 2026
Mr Joshua Peake, ACCA
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