FALCON LODGE CHAPEL FINANCIAL AccouKfs FOR THE YEAR ENDED 30 APRIL 2024 Chaiity registered In England and Wale5: No: 1177925
FALCON LODGE CHAPEL FINANCIAL ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2024 CONTEKrs Charity infomation Trustees Report ststement of nanUal Actiwties Balan Sht Notes to the Accounts Notes to the Accounts (continued) ststement of Trustee5 Responsibilities Independent Examinerfs Report
FALCON LODGE CHAPEL FINANCIAL ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2024 CHARrrY INFORMATION Church Address 265 Reddicap Heath Road Sutton ColdfEld West Midlands B75 7ES Trustees M pri - Chairnn P Roberts (retld 8 January 2024) Jmsmith D Green Mrs K M Groves (ApIntj 21 January 2024) Treasurer Mrs K M Grove5 FCCA Bankers HSBC 96 High Street Kings Heath Birmingham B14 7LD
FALCON LODGE CHAPEL REPORT OF THE TrUSTEES FOR THE YEAR ENDED 30 APRIL 2024 The Trustees have pleasure in presentiro their rert and the finanoal #atnents of the charity for the year ended 30 April 2024. Historyi Objertives and ArtivÉties On 12 April 2018 Falcon Lcdje Chapel Ixame a IarItable Incorrated Organisation registered in England and Wales, numter 1177925. The objects of the charity are to advan the Christian faith for the trEnefit of the public. The charity owns its building in Sutton Coldfield and prthid 19 weIthml over 40 memkers to Sunday setmces. The church suprK)rts a nUMr of UK and overseas Christian Wort(e, mission organisations aThJ secular charities. It is involveAJ in a numLEr of activities which benefit the local community. Management and Governan The trustees are reswnsible for the management of the tharity. are appKJinted for a period of three years and any new trustee will have the necessary knowledge of the church and skills and experien ned for the effecb've thlership of the charity. The trustees are joined in the management of the o)arity by a kadership team, of which they are memtsers. Risk Review Risk management is undertaken through monthly meeting5 of the Leadership Team. Systems have been estsblished to enable regular risk rewew so that neSSary steps can be taken to further lessen those risk5. The trustees th) not consider there are any significant risLs to the stability of the charity at thls time.
2b FALCON LODGE CHAPEL REPORT OF THE TRUSfEES FOR ThE YEAR ENDED 30 APRIL 2024 Athievements and Perforniance The Trustees conslder the church has now recoverd from the effetts of the pandemic. Our offerings and donations are back to pre-pandemic levds. We have al welcomed 3 few new members to the thurch during the year. We are still hwxng to entDufdge y1j fromilie5 to join us In the future. We contlnue to work wth Sutton Coldfield Baptist Church with the of Suth speakers, who are well e1v1, and they are heltxng tr) imtKove our [Kesere on la1 m8Jia. We are contirsuing to Improve building faolities to wura9e pg¥4e to (ome alcry to actiwties. The planned new heating and g)me decoratr.cfi has now complet8J SKce55fully in the Sanctuary and new front dcors and toilet TrMnth)ws have Ixi fitted in Ortcts 2024. We are kn intending to widen more intemal dcK)rs to enable ttter disa11 aox In the last few morths we have teen approached tty a numtr of organisations wishlng to U our faalities, We have accepted only tlTh)se who offer a efit to the l¢xal community. To this end we are pleased to welcome a keep fit class for seniors and Ffyknde who prepare a free meal for the community from donated food from the supermarkets. EcoBimingham use the thurch kwnge (NKe a Thr)nth to give energy advi. We Icok forward to the oppx¥tunlties that may come our way In 2024125 to lyon the G)ty atxi help the Icol communlty. We cOntIn to thank GcJ for HIS continulng gcM)Jness to Reserves Policy The level of free reserves at 30 April 2024 totslw £116,329 It Is the policy of the tharity to maintsin unrestricted funds, which are the fr relveS of the charity, at a level which provides 9Jfficient funds to cover administrabon and surwt CL6 and to provide accesyble funds to improve, maintain arKI fixed assets. Trustees Responsibilities The re5pon&bilities of the trustees are detsiled 7 Approval Thls rem was approveJ by the trustees date sFKMn t4ow and signed on their behalf. 08 Dmber 2024 MPri
FALCON LODGE CHAPEL STATEMENT OF FINANCIAL AcrivrrIE5 FOR THE YEAR ENDED 30 APRIL 2024 2023 2024 Total INCOME 22,251 Offerings and DonatiorLS 24,013 24,013 Investment Income 860 Interest R1Ved 2,783 2,783 4,486 other Income 4,693 4,699 27 597 Total income EXPENDrnIRE 1,556 8,199 4,848 Wages and Salaryes other running expenses Charitsble donations Deprlation 1,638 10,961 4.725 1,638 10,961 4,725 2,236 2,236 15 765 Total expenditure 11,832 Surplus (deficit) for the year 11,935 642,340 Totsl funds brought forward 654,172 654 172 TOTAL FUNDS CARRIED FORWARD There were no reccrfJn¢sed gairs or10&ses other than those induded in the Statement of Finanaal Acbvibes
FALCON LODGE CHAPEL BALANCE SHEEr At 30 April 2024 2023 2024 500,691 Tangibie Assets 509,579 Cash at bank and in hand 156 528 153,480 Net Current Assets 156,528 REPRESEKfED BY: Income Funds 552.014 Rtricted 549,778 102,157 Unrestrlcted 116,329 654 171 Approv&l and authorised for sue by the Trust and signed on their behalf 08 DecemL*r 2024 MPri
FALCON LODGE CHAPEL NOTES TO THE AccouKrs FOR THE YEAR ENDED 30 APRIL 2024 Accounting Policies 1.1 Basis of prepardtion The accounts have been prepared under the historical cost conventlon and indude the results of the church's operations described in the Trustees Report. All of which are continuing. The accounts have been prepared in accordan wtth the Statement of Recommended Practice for charity accounts and are prepared on a cash accounting basis. 1.2 Tangible fixed assets Assets for use by the church are stated at cost less depreciation. No depCIation is provided on the building revaluation as it is the Trustees, opinion that the current value of the land and buildings is in excess of the stated value. 1.3 Income Offerings and donations Voluntary income Including offerings and donations that provide core fundlng are or a of a general natu and are recognised when recdved. Such incorne is only deferred when: The donor specffjes that the donation must On be used in future accounting periods, or The donor has Imposed conditions which mLSt be met befo the church has unconditional entitlement Grants for the purchase of fixed assets are recognised in full in the Statement of Financial Activities in the period in which they are received and are accounted for as restricted funds. 1.4 Taxation The charity is exempt from taxation on Its charitsble activities. Value Added Tax is not recoverable by the church and is induded in the relevant costs. 1.5 Resources expended Resour5 expended are included in the Statements of Financial Activities on a cash basis. 1.6 Trustees No trustee ceiVed any remuneration during the year.
FALCON LODGE CHAPEL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2024 Wages and salaries 2024 2023 Wages paid Average number of employees during the year Tangible Fixed Assets Buildings Contents Totsl Brought forward (Net Book Value) 491,040 9,651 500,691 Additions 11,124 11,124 Depreaation (2,236) (2,236) Net Book Value 491040 509 579 Restricted Funds Represented by the net book value of the tsngible fixed assets. The property is included at valuation. A legacy received from two fomer members is also included.
FALCON LODGE CHAPEL STATEMENT OF TRusfEES RESPONSIBILrrIES FOR THE YEAR ENDED 30 APRIL 2024 Trustees Responsibilities Law applicable to charities in England and Wales requires trustees to prepare financial statements for each financial year which give a tnje and fair view of the state of affairs of the charity and of the surplus or deficit of the tharity for that period. In preparing those financial statements the trustees are required to: Select suitable accounting policies and the apply them consistentiy. Make judgements and estimates that are reasonable and pwdent. State whether applicable accounting standards have been fo51owed, subject to any material departure disdosed and explained in the financial ststements. Prepare the financial ststements on the going conrn basis unless it is inappropriate to assume that the thartty will continue. The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial positson of the tharity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hen taking reasonable steps for the prevention and detection of fraud and other irregularities.
FALCON LODGE CHAPEL INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APIUL 2024 I rert on the accounts of the Charity for the year erKled 30 April 2024 whKh are set out on pages 3 to 6. Respectlve responslbllitles of the Trustees and Examiner As the charity's trustees, you are rtAe for the preparation of the ac£ounts in accordan with the requirements of the Charities Act 2011 (the Act) I report in respett of my pJamination of the Charitvs acrounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicab DIrOnS glven by the Charity Commission under s&tK)n 145(5)(b) of the Act. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examinatwjn whth give me cause to belw that in, any matertal respett: • the accounting records were not kept in COrdarKe with sertion 130 of the Charitie5 Act; or . the accounts did not accord with the accounting records; or the accounts did not compty with applKable r4uirements conMIng the form and content of accounts set out in the Charities (Accounts arKI Reports) Regulations 2008 other than any r4uirement that the accounts give a 'true and fairf view which ts not a matter considered as part of an iThlependent examination. I have no corKerns and have come across no matters in connection with the examination to which attention should be drawn in this repjrt in order to enable a proFer understanding of the accounts to be re. 17 Newdigate Road Sutton Coidfield West Midlands B75 7ER A Ccrates FCA 08 December 2024