REGISTERED COMPANY NUMBER: CE011206 (England and Wales) REGISTERED CHARITY NUMBER: 1173663
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
FOR
EPPING GREEN CHAPEL
Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM16 4HG
EPPING GREEN CHAPEL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
EPPING GREEN CHAPEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE011206 (England and Wales)
Registered Charity number
1173663
Registered office
The Manse Epping Green Epping Essex CM16 6PU
Trustees
Ms. J.C. Walker Rev P.R. Walker Mrs A Hlongwa P English A Mortlock D Walkling
Independent Examiner
Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM16 4HG
Approved by order of the board of trustees on 18th June 2023 and signed on its behalf by:
Rev P.R. Walker - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EPPING GREEN CHAPEL
Independent examiner's report to the trustees of Epping Green Chapel ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2022.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Natalie Floyd, ACA
Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM16 4HG
18th June 2023
Page 2
EPPING GREEN CHAPEL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Incoming resources 29,768 - EXPENDITURE ON Charitable activities General 24,504 - Other 21,252 - Total 45,756 - NET INCOME/(EXPENDITURE) (15,988) - Transfers between funds 6 7,215 (7,215) Net movement in funds (8,773) (7,215) RECONCILIATION OF FUNDS Total funds brought forward 60,212 8,873 TOTAL FUNDS CARRIED FORWARD 51,439 1,658 |
2022 Total funds £ 29,768 24,504 21,252 45,756 (15,988) - (15,988) 69,085 53,097 |
2021 Total funds £ 31,746 |
|---|---|---|
| 23,234 4,991 |
||
| 28,225 | ||
| 3,521 - |
||
| 3,521 65,564 |
||
| 69,085 |
The notes form part of these financial statements
Page 3
EPPING GREEN CHAPEL
BALANCE SHEET 31ST DECEMBER 2022
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 5 5,772 - CURRENT ASSETS Cash at bank and in hand 45,667 1,658 NET CURRENT ASSETS 45,667 1,658 TOTAL ASSETS LESS CURRENT LIABILITIES 51,439 1,658 NET ASSETS 51,439 1,658 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 5,772 47,325 47,325 53,097 53,097 51,439 1,658 53,097 |
2021 Total funds £ - 69,085 |
|---|---|---|
| 69,085 | ||
| 69,085 | ||
| 69,085 | ||
| 60,212 8,873 |
||
| 69,085 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18th June 2023 and were signed on its behalf by:
P.R. Walker - Trustee
The notes form part of these financial statements
Page 4
EPPING GREEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Selection of accounting policies
Epping Green Chapel is a Charitable Incorporated Organisation with gross incomes of less than £250,000 and have elected to produce their annual accounts on a receipts and payments basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has received the funds.
Expenditure
Liabilities are recognised as expenditure as soon as the charity has made payment to that expenditure. Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
20% straight line.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
continued...
EPPING GREEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation - owned assets | 1,443 | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
During the year to 31st December 2022 Rev Paul Walker received remuneration for his services as a pastor of £13,200 (2021 : £13,200). No trustee is remunerated for their services as a trustee.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Incoming resources 29,560 2,186 EXPENDITURE ON Charitable activities General 23,234 - Other 4,991 - Total 28,225 - NET INCOME 1,335 2,186 RECONCILIATION OF FUNDS Total funds brought forward 58,877 6,687 TOTAL FUNDS CARRIED FORWARD 60,212 8,873 |
Total funds £ 31,746 |
|---|---|
| 23,234 4,991 |
|
| 28,225 | |
| 3,521 65,564 |
|
| 69,085 |
Page 6
continued...
EPPING GREEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
5. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Plant and | |
| machinery | |
| £ | |
| COST | |
| Additions | 7,215 |
| DEPRECIATION | |
| Charge for year | 1,443 |
| NET BOOK VALUE | |
| At 31st December 2022 | 5,772 |
| At 31st December 2021 | - |
6. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.1.22 | in funds | funds | 31.12.22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 60,212 | (15,988) | 7,215 | 51,439 |
| Restricted funds | ||||
| General | 8,873 | - | (7,215) | 1,658 |
| TOTAL FUNDS | 69,085 | (15,988) | - | 53,097 |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 29,768 | (45,756) | (15,988) | |
| TOTAL FUNDS | 29,768 | (45,756) | (15,988) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 58,877 | 1,335 | 60,212 | |
| Restricted funds | ||||
| General | 6,687 | 2,186 | 8,873 | |
| TOTAL FUNDS | 65,564 | 3,521 | 69,085 |
continued...
Page 7
EPPING GREEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 29,560 | (28,225) | 1,335 | |
| Restricted funds | ||||
| General | 2,186 | - | 2,186 | |
| TOTAL FUNDS | 31,746 | (28,225) | 3,521 | |
| A current year 12 months and prior year 12 months combined position is as follows: | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1.1.21 | in funds | funds | 31.12.22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 58,877 | (14,653) | 7,215 | 51,439 |
| Restricted funds | ||||
| General | 6,687 | 2,186 | (7,215) | 1,658 |
| TOTAL FUNDS | 65,564 | (12,467) | - | 53,097 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 59,328 | (73,981) | (14,653) |
| Restricted funds | |||
| General | 2,186 | - | 2,186 |
| TOTAL FUNDS | 61,514 | (73,981) | (12,467) |
continued...
Page 8
EPPING GREEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2022 (2021: £Nil), other than those already disclosed under trustees' remuneration and benefits.
Page 9
EPPING GREEN CHAPEL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Incoming resources | ||
| Chapel giving | 27,176 | 29,360 |
| Use of chapel | - | 200 |
| Donations for building fund | 2,592 | 2,186 |
| 29,768 | 31,746 | |
| Total incoming resources | 29,768 | 31,746 |
| EXPENDITURE | ||
| Charitable activities | ||
| Pastor's remuneration | 13,200 | 13,200 |
| Visiting speakers / Men's breakfast | - | 1,100 |
| Rates and water | 1,943 | 2,054 |
| Licences and insurance | 974 | 895 |
| Light and heat | 3,718 | 2,275 |
| Telephone | 1,074 | 1,023 |
| Postage and stationery | 239 | 243 |
| Sundry expenses | 1,374 | 2,039 |
| Computer and office equipment | 539 | 405 |
| 23,061 | 23,234 | |
| Other | ||
| Pensions | 1,800 | 1,050 |
| Building costs | 15,454 | 1,355 |
| Contribution to missions | 3,998 | 1,110 |
| Accountancy | - | 1,476 |
| 21,252 | 4,991 | |
| Support costs | ||
| Other | ||
| Plant and machinery | 1,443 | - |
| Total resources expended | 45,756 | 28,225 |
| Net (expenditure)/income | (15,988) | 3,521 |
This page does not form part of the statutory financial statements
Page 10