Mount Chapel
Accounts and Independent Examiners Report
Year Ended 31[st] December 2024
Accountant and Independent Examiner
David R S Welch FCA, DChA Chartered Accountant
3 Alvington Grove
Hazel Grove, Stockport, Cheshire SK7 5 LS
Page | 1
Mount Chapel Year Ended 31[st] December 2024
| Contents | Page |
|---|---|
| Company, Legal and Charity Information | 3 |
| Trustees Report | 4-8 |
| Independent Examiners report | 9 |
| Income and Expenditure Account | 10 |
| Balance Sheet | 11 |
| Notes to Balance Sheet & Financial Statements | 12-15 |
Page | 2
Mount Chapel Year Ended 31[st] December 2024
Company, Legal & Charity Information
Mount Chapel Registered Address:32 Eccles Old Road, Salford, United Kingdom, M6 7AF
Working Name:Mount Chapel Christian Fellowship Charity Registered:3[rd] October 2013 Charity Number:1154080 Company Formed:25[th] July 2013 Company Number:08624944 Church Website:- https://www.mountchapel.com Church Email:mountchapelsalford@gmail.com
Reporting Accountant & Independent Examiner:-
David R S Welch FCA, DChA, Chartered Accountant, Hazel Grove, Stockport, Cheshire. SK7 5LS EMAIL:- david@welchfca.co.uk Bankers:Barclays Bank plc Treasurer:John A Platt Trustees of Charity:John A Platt, Bernadette M Cousins, Leslie L Griffiths
( Abigail C Cooper and Raymond J Joseph resigned as Trustees of the charity during 2024. Notifications of the remaining Trustees as Persons of Significant Control were filed accordingly at Companies House on 06.12.2024.)
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Mount Chapel Year Ended 31[st] December 2024
TRUSTEES REPORT
Legal
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Mount Chapel was founded in 1966. It was registered as a Charity with the Charity Commission in England & Wales on 3[rd] October 2013 under Charity Number 1154080 in order to comply with changes in the relevant statutory requirements.
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Mount Chapel Limited was formed as a legal company on 25[th] July 2013 at Companies House, with a company number of 08624944.
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The limited company began operating as a ‘Not for Profit’ company, limited by guarantee on 1[st] January 2014.
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Mount Chapel’s Accounts for the year ended 31[st] December 2024, with 2023 comparatives, are attached. Ownership of the Mount Chapel Church and buildings, fixtures and equipment, was transferred from Mount Chapel Trust to Mount Chapel Limited during 2015.
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The working name of Mount Chapel is Mount Chapel Christian Fellowship
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The church address and registered office address are the same, and is:-
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32 Eccles Old Road, Salford, United Kingdom, M6 7AF
Trustees
- The Trustees serving the church during the year were:-
John A Platt, Abigail C Cooper, Bernadette M Cousins, Leslie L Griffiths and Raymond J Joseph.
Church and Charity Objectives
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The charity's objects are, for the public benefit, to advance the Christian faith in accordance with the statement of beliefs, in Salford, Manchester and in such other parts of the United Kingdom and the world as the trustees may from time to time think fit.
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Mount Chapel Purpose and Vision statements:Our Purpose statement, to “Enjoy Jesus in Word, Spirit and Mission ” answers the question “Why are we here?”
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Our Vision statement, to “Build Up Others in The Life God Gives” answers the question “What do we do next?”
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Mount Chapel Year Ended 31[st] December 2024
TRUSTEES REPORT (continued)
Public Benefit:
The church seeks to proclaim and teach the Christian faith at home and overseas and to engage in relief and support work in the community and further afield. It seeks to assist others to grow and mature in their Christian Faith by providing a variety of services, activities and ministries which are open to church members and members of the public and aims to reach peoples of all ages through the following:-
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Public Services: Held on Sunday mornings to preach, teach and reach the members and others who attend and be available to interested members of the public.
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Kids’ Church: On Sunday mornings, concurrent with the morning service for ages 3- 10 years. Provides teaching and a fun time for children of church members and from the local community.
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“Mounteens” – Teenagers’ Work: On Sunday mornings, concurrent with the morning service for ages 11-17 years. Provides teaching and a fun time for young people from families of church members and from the local community. The young people also engage in a number of other activities at other times – social trips, Christian events and social action projects.
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Parent and Toddler Groups – weekly: During term times we run a group for families and their pre-school age children. All are welcome from the local community to come and let their children play and meet other parents from the area. Ther is no fee to attend, although donations are invited.
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Mission Focus Meetings : Mount Chapel supports full time missionaries and relief work in France, India, Uganda (Children’s Work), Zimbabwe and the UK while some of our members undertake short term mission work from time to time. Mission Focus is a platform for our community to learn about what God is doing in the world.
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Prayer meetings: Prayer is important to the church, and the church is made available for people to come and pray for individual, church, community, national and global needs.
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Prayer Meetings: As arranged
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Prayer & Worship Evenings: Monthly
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Deborah Arise Prayer: A weekly ladies’ prayer group, praying for young people and those who have wandered from their faith.
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Prayer Chain: Mount Chapel operates a prayer chain through which items for prayer are communicated to the church.
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Mount Chapel Year Ended 31[st] December 2024
TRUSTEES REPORT (continued)
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Alpha & Christianity Explored Courses: Provided as required for those who wish to enquire about the Christian faith.
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Church Weekend Away: Arranged as required for teaching and development of friendship and fellowship.
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Food Bank: Collection of food items is promoted within the church and regular donations are made to the local Salford Central Food Bank. A total of 356kg of food was donated during the year.
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New Frontiers, Christ Central – Mount Chapel is a member of New Frontiers, Christ Central, an informal network of churches with similar theology and objectives. Several visiting speakers from within that network helped with the Sunday morning service ministry during the year.
Summary of Main Highlights in 2024:
Church Services & Events
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Teaching Programmes included a series entitled “Titles of Jesus” used in the Bible, and a short series entitled “Running the Race” based on Hebrews 12:1, to coincide with the Olympic Games. Later in the year saw the commencement of a series exploring the work of the Holy Spirit through the Gospel of Luke.
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Other Services and Events included Good Friday, Christmas Carol Service, Christmas Day, and Harvest Services.
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The Annual Church Meeting was held on 15[th] September 2024
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Baptisms, Marriages & Funerals – Two baptismal services took place when a total of nine people were baptised. One marriage took place on 31[st] August. No funerals took place at Mount Chapel in 2024.
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Salford Church Network – Mount Chapel engages with other local churches of various denominations through the Salford Church Network, including regular Leaders’ Lunches and networking meetings and the “Salford Week of Prayer” held from 6[th] to 13[th] June 2024.
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Mount Chapel Year Ended 31[st] December 2024
TRUSTEES REPORT (continued)
Financial
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In 2024 there was a Surplus of £11,433 (2023: Deficit of £ 3,104 )
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Depreciation charged for building and improvements in 2024 and 2023 amounted to £11,155 and £11,918 respectively, which was the main reason for the deficit in 2023.
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A 10 year loan of £45,000 was acquired from Stewardship Services (UKET) Ltd. to help fund the modernisation and improvement of the Chapel and its facilities. Repayment of this loan began in January 2019, and is expected to be repaid by September 2026, a lump sum of £10,000 having been repaid in December 2024, reducing the amount outstanding to £10,222 at year end 31[st] December 2024.
Health & Safety
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The 5-Star Food Hygiene Rating was retained. All personnel supervising food preparation in the kitchen area are required to hold a current Level 2 Food Safety Certificate.
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The Fire Risk Assessment was reviewed according to the annual schedule.
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Ongoing review of Risk Assessments for all activities continued periodically as per schedule.
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Basic Life Support training (including operation of the portable defibrillator) and Fire Marshal training is required for all authorised key-holders and is an ongoing programme including refresher training.
Safeguarding
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The Safeguarding Policy was updated during 2024 incorporating the latest changes in legislation and including the necessary safeguards for on-line meetings with particular reference to children and adults at risk.
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Training on the Policy and updated regulations has been carried out for all DBS checked personnel – both employees and volunteers – and is an ongoing programme of refresher training.
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Mount Chapel Year Ended 31[st] December 2024
TRUSTEES REPORT (continued)
Reporting Accountant & Independent Examiner
The church appointed and has been served by David R S Welch FCA, DChA, as their Reporting Accountant and Independent Examiner since the incorporation of Mount Chapel Limited, from its previous Trust status in July 2013.
John A Platt Trustee and Treasurer
Date: 9[th] September 2025
Page | 8
Mount Chapel Year Ended 31[st] December 2024
Independent Examiners Certificate & Report To the Trustees and Members of Mount Chapel
I report on the accounts of the Church for the Year Ended to 31st December 2024, as shown on pages 10 – 15 attached.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:-
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examine the accounts under section 145 of the Charities Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
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to state whether particular matters have come to my attention
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is give as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the Charities Act and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met, or
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(2) to which, in my opinion, attention should be drawn, in order to enable a proper understanding of the accounts to be reached.
DAVID R S WELCH FCA, DChA. CHARTERED ACCOUNTANT
3 Alvington Grove, Hazel Grove Stockport, Cheshire. SK7 5LS
Date: 9[th] September 2025
Page | 9
Income & Expenditure Account Year Ended 31[st] December 2024
RESOURCES RECEIVED |
Unrestricted Restricted Total Total Funds Funds Funds Funds |
|---|---|
| Notes 1 & 2 FROM MAIN CHARITABLE ACTIVITIES Gifts and Offerings Gift Aid Income Tax Refunds-HMRC Charities Use of Chapel Bank Interest Toddler Group Project Fund Child Sponsorship TOTAL INCOME FOR YEAR |
2024 2024 2024 2023 £ £ £ £ 66,069 0 66,069 58,985 12,482 0 12,482 14,846 1,1900 1,190 595 111 0 111 105 0 260 260 0 0 940 940 924 0 1,960 1,960 2,070 |
| £ 79,852 £ 3,160 £ 83,012 £77,525 |
|
RESOURCES EXPENDED |
Unrestricted Restricted Total Total Funds Funds Funds Funds |
| Notes 3, 4, 5 & 6 F0R MAIN CHARITABLE ACTIVITIES Ministry & Fellowship Costs (incl. Staff) Outreach and Missionary Support Costs Mount Chapel Maintenance & Utility Costs Building Maintenance Fund Loan Interest Paid CHARITABLE ACTIVITY COSTS GOVERNANCE COSTS Independent Examination TOTAL COSTS FOR YEAR SURPLUS / (DEFICIT)FOR YEAR Trustees Funds b/forward Transfer of funds Trustees Funds c/forward |
2024 2024 2024 2023 £ £ £ £ 28,923 0 28,923 38,330 9,456 2,253 11,709 13,459 26,381 0 26,381 23,304 2,048 0 2,048 2,967 1,753 0 1,753 1,824 68,561 2,253 70,814 79,884 765 0 765 745 |
| £ 69,326 £ 2,253 £ 71,579 £80,629 |
|
| £ 10,526 £ 907 £ 11,433 **£(3,104) ** |
|
| £ 455,143 £ 907 £ 456,050 £459,154 0 0 0 0 £465,669 £ 1,814 £ 467,483 £ 456,050 |
Page | 10
Balance Sheet As at 31[st] December 2024
| Balance Sheet As at 31[st] December 2024 |
|||||
|---|---|---|---|---|---|
| Note | 2024 | 2023 | |||
| £ | £ | £ | £ | ||
Fixed Assets 7 451,741 |
Fixed Assets 7 451,741 | Fixed Assets 7 451,741 | 462,896 | ||
| Current Assets | |||||
| Stocks | 6 | 2,856 | 2,934 | ||
| Gift Aid Debtor | 3,034 | 3,228 | |||
| Other Debtors & Loans | 0 | 0 | |||
| Prepaid Expenses | 170 | 136 | |||
| Cash at Bank & In Hand | 24,610 | 15,510 | |||
| Total Current Assets | £30,670 | £21,808 | |||
| Current Liabilities | |||||
| Creditors & Accrued Utility Charges | 350 | 0 | |||
| HMRC re PAYE & NIC | 0 | 1,718 | |||
| Electricity Account | 3,592 | 1,421 | 1,421 | ||
| Independent Examiner | 765 | 745 | |||
| Stewardship Loan due < 1 Year | 8 | 5,739 | 4,026 | ||
| Total Current Liabilities | £ 10,446 | £ 7,910 | |||
| NET CURRENT ASSETS | £ 20,225 | £ 20,225 | £ 13,898 | ||
| TOTAL NET ASSETS BEFORE | £ 471,966 | £ 476,794 | £ 476,794 | ||
| CREDITORS DUE > 1 YEAR | |||||
| Stewardship Loan due > 1 Year | 8 | (4,483) | (20,744) | ||
| NET ASSETS | £ 467,483 £ 456,050 | £ 467,483 £ 456,050 | £ 467,483 £ 456,050 | ||
| Represented by:- | £ | £ | |||
| Unrestricted Funds | 9 | £ 465,669 | £ 465,669 £ 455,143 |
£ 455,143 | |
| Restricted Funds | 1,814 | 1,814 | 907 | 907 | |
| TRUSTEE FUNDS | £ 467,483 | £ 467,483 £ 456,050 |
£ 456,050 | ||
| (DE)/INCREASE IN TRUSTEE FUNDS FOR YEAR | INCREASE IN TRUSTEE FUNDS FOR YEAR £ 11,433 |
£ 11,433 | £ (3,104) |
John A Platt Director & Trustee
Date: 9[th] September 2025
Page | 11
Mount Chapel
Notes to Financial Statements
THE BASIS OF ACCOUNTING POLICIES AND DEFINITIONS
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a) THE ACCOUNTS have been prepared under the historical cost convention in accordance with applicable accounting standards and the Charities Act 2011 and Statement of Recommended Practice (SORP) 2005.
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b) GENERAL FUNDS represent unrestricted funds that are not subject to any restriction regarding their use and are available for application towards their use for purposes of a general nature.
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c) RESTRICTED FUNDS represent funds restricted by the donor for a particular purpose.
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d) DESIGNATED FUNDS represent funds that have been allocated out of Unrestricted funds by the Trustees of Mount Chapel, for specific events or liabilities Mount Chapel is
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committed to.
Any remaining balance is returned to unrestricted funds when events have been held.
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e) INCOMING RESOURCES are included in the Statement of Financial Activities (SoFA) when:-
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Mount Chapel becomes entitled to the resources
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The trustees are virtually certain they will receive the resources; and
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The monetary value can be measured with sufficient reliability.
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f) GRANTS & DONATIONS are included in the SoFA when Mount Chapel has unconditional entitlement to the resources.
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g) INVESTMENT INCOME is included in the SoFA when receivable.
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h) RESOURCES EXPENDED are recognised when costs have been incurred, or for designated or special gifts, in the same accounting period as the related gift is received.
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i) TANGIBLE FIXED ASSETS are capitalised at cost when incurred. For assets bought in previous years, and included at valuation the resultant increase in value in assets from previous years will be identified as income, in Voluntary Incoming Resources.
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j) DEPRECIATION OF TANGIBLE FIXED ASSETS is included in resources expended, to write off the assets over their useful life. See notes 3 and 6 for further details.
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k) LIABILITY RECOGNITION – Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Liabilities due in more than one year are shown separately, so Net Current Assets reflects only those liabilities payable within the next financial year.
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l) GOVERNANCE COSTS – The preparation and examination Mount Chapel’s annual statutory accounts. It can also include AGM & trustee meeting expenses, and constitutional legal advice given to trustees.
Page | 12
| Notes to Income & Expenditure Account 1. Income to the General Fund: Offerings Use of Chapel Gift Aid Income Tax Refund & Bank Interest 2. Restricted Income Toddler Group Child Sponsorship Fund Project Fund 3. Expenditure on Maintenance & Utilities Depreciation of Roof & Equipment (NON-CASH) Electricity, Water, Telephone Gardening & Window Cleaning, etc. Repairs, Replacements, Consumables etc. 3 a) Governance – Charity Accounts & I/E 4. Expenditure on Ministry & Fellowship: General Ministry - Flowers, Wine, & Literature Printing, Publicity, Catering, Youth & Fellowship Speakers' Expenses & Gifts Salaries & Staff Overheads Other Ministry & Administration Expenses 5. Expenditure on Outreach: Gifts to Homeworkers & Missionaries Outreach Expenses, Gifts to Organisations etc. Toddler Group(Restricted) Child Sponsorship (Restricted) Specific Projects (Restricted) 6. Stocks held at Year End & valued at Cost Maintenance, Repairs & Lighting spares General Ministry, Catering & Publicity Stocks Total Stocks |
2024 2023 £ £ 66,069 58,985 1,190 595 12,593 14,951 £79,852 £74,531 |
|---|---|
| 260 0 1,960 2,070 940 924 £ 3,160, £2,994 |
|
| 11,155 11,918 10,631 7,831 1,772 1,752 2,823 1,803 £26,381 £23,304 |
|
| £ 765 £ 745 |
|
| 1,820 2,300 1,041 1,855 1,660 1,890 22,298 31,133 2,104 1,152 £28,923 £38,330 |
|
| 7,906 9,190 1,550 1,245 228 0 1,580 2,080 445 944 £11,709 £13,459 |
|
2,064 2,140 792 794 £ 2,856 £ 2,934 |
Page | 13
7. Fixed Assets
| 7. Fixed Assets | |||
|---|---|---|---|
| Church & | Fixtures, Roof, | Total | |
| Buildings | & Equipment |
Fixed Assets | |
| £ | £ | £ | |
| COST/VALUATION @ 01.01.2024 | £ 350,000 | £ 189,138 | £ 539,138 |
| Additions – Building Refurbishment | 0 | 0 | 0 |
| Additions – Zoom, Computer/AV | 0 | 0 | 0 |
| Disposals in Year | 0 | 0 | 0 |
| COST/VALUATION @ 31.12.2024 | £ 350,000 | £ 189,138 | £ 539,138 |
| DEPRECIATION @ 01.01.2024 | £ 0 | £ 75,479 |
£ 76,242 |
| Charge - year (Building Improvements) 2%0 | 1,882 | 1,882 | |
| Charge - year (Fixtures & Equipment) 10%0 | 9,273 | 9,273 | |
| Eliminated on Disposals | 0 | 0 | 0 |
| DEPRECIATION @ 31.12.2024 | £ 0 | £ 86,634 |
£ 87,397 |
| NET BOOK VALUES @ 31.12.2024 | £ 350,000 | £ 102,504 | £ 451,741 |
| NET BOOK VALUES @ 31.12.2023 | £ 350,000 | £ 113,659 | £ 462,896 |
Notes on Fixed Assets:-
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The Trustees commissioned Stephen Peter Welch FRICS, of Byrom Clark Roberts, Surveyors & Valuers, to provide them with an up to date valuation of the church building and premises, to include in the 2015 accounts for MOUNT CHAPEL LIMITED, company number 08624944 . The valuation adopted was the Market Value valuation of £350,000. A second valuation, the Asset Value of £490,000, was also provided by Byrom Clark Roberts. This was based on today’s cost of replacing the asset, less an allowance for depreciation on the basis that the present building was 50 years old, having been built in 1966. However, the Directors and Trustees thought that the Market Value was more representative of what would be realised on the open market, should the building and site at any time be sold.
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The Mount Chapel Church Building is not being written off, but kept at valuation. However, the church improvements are being depreciated at 2% on cost {£94,125}; church equipment & fixtures {£92,730} continue to be written off over 10 years (10% on cost/valuation). These amounts make up the Fixtures, Building Improvements, Roof and Equipment total of £186,855.
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Biffa Grant Monies were claimed and received in the year ended 31.12.2018. totalling £73,000 towards capital expenditure incurred. These came from a Landfill Communities Fund, and any remaining monies left, if unspent, would be required to be transferred to another such scheme, and not a charity with a similar scheme, if the church were to close in the future.
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The Trustees can confirm that the grant monies have been spent, and there are no Grant Monies left within Trustee Funds, so no future contingent liability exists .
Page | 14
Mount Chapel Year Ended 31[st] December 2024
8 . Creditors due in more than one year – Stewardship Loan
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The Loan from Stewardship of £45,000 was received just before the 2018 year end. The balance owing at 31[st] December 2024 was £ 10,222 (2023:-£ 24,770). An additional repayment of £10k was made on December 23[rd] 2024 and this should accelerate an earlier repayment of the loan by 2 years.
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Capital repayable within one year (2024) as £ 5,739 (2023:-£ 4,026).
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The repayments made in the year, including interest of £1,753 (2023:- £1,824) was £16,301, (2023:£ 6,155).
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The loan repayable in over 1 year is now £4,800 (2023:- £20,744) and will be repaid between 2-5 years. December 2028 was the expected date when the loan was to be paid off, but this is expected to be settled by September 2026.
9 . Trustee Funds
| 9.Trustee Funds | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Unrestricted Funds | |||
| General Funds | 42,669 | 32,143 | |
| Designated Funds | 0 | 0 | |
| Revaluation Reserve | |||
| Value of Freehold Land | {Note 7} | 350,000 | 350,000 |
| Biffa Community Fund | |||
| Contribution to Refurbishment | |||
| & New Equipment/Resources | {Note 7} | 73,000 | 73,000 |
| Total Unrestricted Funds | £ 465,669 | £ 455,143 | |
| Total Restricted Funds | £ 1,814 |
£907 | |
| Total Funds | £ 467,483 | £ 456,050 |
Page | 15