## **Trustees’ Annual Report for the period** ## **From 01/05/2022 Period start date To 30/04/2023 Period end date** ## **Charity name: The Old Chapel Community Project** ## **Charity registration number: 1179607 Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To provide a community building for the
local population and when possible make
grants to local charities and voluntary
organisations.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|1. Delivery of events, classes, talks.
2. Open walk–in chat session one
morning a week
3. Establishment of regular clubs-
film, book, games afternoon.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have regularly consulted
the guidance issued by the CC| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||
SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|During the period in which funds are
being secured following the recent
refurbishment of the building no grants
have been made| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|All manpower input is made on a
voluntary basis by the trustees and a
wider group of “friends” of the Old| Chapel. Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|1. The Old Chapel was reopened as a
community hall available to all in October
2021 and since then there have been a
growing number of activities taking
place. it is now established as a thriving
village centre providing benefit to a wide
range of residents.
2.The installation of Wifi and a planned
up-grade of our website have increased
the appeal of the building
3. Feedback via open days and
questionnaires show that it has become
a highly-valued facility for all age-groups
within the community. A Chess club and
electronic Gaming club have benefitted
young teenagers.
4. our charity supported an event to raise
funds for the Friends of Gotherington
school and the Vale Wildlife Hospital.
5. Our charity gave support together with
other organisations for the community
celebration of Queen Elizabeth II Jubilee,
Funeral and the coronation of King
Charles III.| ## **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set |Performance of fundraising
activities against objectives
set|Para 1.41|| |---|---|---| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Liquid funds £20,862
NetAssets£205,266| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|infrastructure reserve £5K to cover any
unforeseen infrastructure problems| |Amount of reserves held|Para 1.22|£5K| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no uncertainties about the charity
continuing as a going concern.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
Income from hiring out the building on a
commercial basis for a range of fitness
and well-being activities.
2. Fundraising events for residents such
as Open Days, monthly film club,
monthly book club, chess club, gaming
club, musical evenings and talks| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|The principle low level risk facing the charity
is the inability to encourage new trustees
with the required skills to join the board.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Volunteers approved by the existing
trustees are appointed in accordance
with the constitution.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction and
training of trustees|
Para 1.51|
Constitution
Safeguarding policy| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|Board of Trustees.Reporting to the
Board are the following groups;Finance,
Operations and Bookings,Events,
Community Engagement, Building
maintenance, Film Club.| |Relationship with any related
parties|Para 1.51|**N/A**| |Other||| ## **Reference and Administrative details** |Charity name|The Old Chapel Community Project| |---|---| |Other name the charity uses|| |Registered charity number|1179607| |Charity’s principal address|10, Malleson Road Gotherington GL52 9ER| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Phil Aplin|Treasurer||| ||Emily Charnock|Vice-chairman/
secretary||| ||Rod Churchill|||| ||GaryThompson|||| ||Brian Davies|||| ||Bev Osborne|||| ||JennyRoss|||| ||Sylvia Stokes|Chairman||| ||John Whitehead|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** **Position (eg Secretary, Chair, etc)** **Date** Unaudited Financial Statements The Old Chapel Community Project For the year ended 30 April 2023 Prepared by ADM Accountancy Services Limited ## Contents - 3 Reference and Administrative Details - 4 Trustees Report - 5 Accountants' Report - 6 Statement of Financial Activities - 7 Balance Sheet - 8 Notes to the Financial Statements - 13 Depreciation Schedule ## The Old Chapel Community Project Page 2 of 13 Unaudited Financial Statements ## Reference and Administrative Details ## The Old Chapel Community Project For the year ended 30 April 2023 ## Trustees Beverly Osborne Emily Charnock Brian Davies Philip Aplin Sylvia Stokes John Whitehead Edward McLamon Andrew Stillman Jennifer Ross Gary Thompson Rodney Churchill Principal Office 10 Malleson Road, Gotherington, CHELTENHAM, Gloucestershire, GBR, GL52 9ER Accountants ADM Accountancy Services Limited Unit 10 Homelands Commercial Centre Vale Road Bishops Cleeve Cheltenham GL52 8PX The Old Chapel Community Project Page 3 of 13 Unaudited Financial Statements ## Trustees Report ## The Old Chapel Community Project For the year ended 30 April 2023 The Trustees present the annual report together with the financial statements of the charitable company for the year ended 30 April 2022. Trustees Beverly Osborne Emily Charnock Brian Davies Philip Aplin Sylvia Stokes John Whitehead Edward McLamon Andrew Stillman Jennifer Ross Gary Thompson Rodney Churchill Objectives, strategies and activities The sole activity of the charity is providing a community hall. Appointment of accountants I approve the financial information which comprises the Profit and Loss account, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial information, including the appropriateness of the applicable financial reporting framework as set out in the notes, and for providing ADM Accountancy Services Limited with all information and explanations necessary for their compilation. ................................................. On behalf of the trustees of The Old Chapel Community Project 1st September 2021 The Old Chapel Community Project Page 4 of 13 Unaudited Financial Statements ## Accountants' Report ## The Old Chapel Community Project For the year ended 30 April 2023 We report on the accounts of the charity for the period ended 30 April 2023 from the entity's accounting records and from information and explanations you have given us. ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year. It is our responsibility to carry out procedures designed to enable us to report our opinion. **Basis of opinion** Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the company, and making such limited enquiries of the officers of the company as we considered necessary for the purposes of the report. These procedures provide only the assurance expressed in our opinion. **Opinion** In our opinion: he accounts, including the revenue account and balance sheet, are in agreement with the accounting records kept by the society under s75 of the Co- operative and Community Benefit Societies Act 2014; • Having regard only to, and on the basis of, the information contained in those accounting records, the revenue account and balance sheet comply with the requirements of the Co-operative and Community Benefit Societies Act 2014; and • For the preceding period of account, the financial criteria for the exercise of the power conferred by section 84 were met in relation to the year. -----------------------------ADM Accountancy Services Ld he accounts, including the revenue account and balance sheet, are in agreement with the accounting records kept by the society under s75 of the Co- operative and Community Benefit Societies Act 2014; - Having regard only to, and on the basis of, the information contained in those accounting records, the revenue account and balance sheet comply with the requirements of the Co-operative and Community Benefit Societies Act 2014; and - • For the preceding period of account, the financial criteria for the exercise of the power conferred by section 84 were met in relation to the year. Dated 11 July 2023 The Old Chapel Community Project Page 5 of 13 Unaudited Financial Statements ## Statement of Financial Activities ## The Old Chapel Community Project For the year ended 30 April 2023 |Statement of Financial Activities
The Old Chapel Community Project
For the year ended 30 April 2023|Statement of Financial Activities
The Old Chapel Community Project
For the year ended 30 April 2023| |---|---| |NOTES
UNRESTRICTED
FUNDS
2023
2022|| |IncomingFunds|| |Income from donations and grants
3
344
344
12,432|| |Income from other trading activites
4
13,672
13,672
7,658|| |Total Incoming Funds
14,016
14,016
20,090
OutgoingFunds:|| ||Expenditure| ||Cost of activities
5
25,137
25,137
12,693| ||Amortisation of website
46
46
-
| ||Total Expenditure
25,183
25,183
12,693
| ||Total Outgoing Funds:
25,183
25,183
12,693
| |Net movement in funds
(11,166)
(11,166)
7,397
Reconciliationof Funds
|| |Funds brought forward
216,392
216,392
208,995
|| |Net movement in funds this year
(11,166)
(11,166)
7,397
|| |Unaudited Financial Statements
The Old Chapel Community Project Page 6 of 13
Total Funds Carried Forward
205,226
205,226
216,392
DR|| ## Balance Sheet ## The Old Chapel Community Project As at 30 April 2023 |Balance Sheet
The Old Chapel Community Project
As at 30 April 2023|||| |---|---|---|---| ||NOTES|30 APR 2023|30 APR 2022| |FixedAssets|||| |Intangible assets||1,604|-| |Tangible assets|8|184,209|192,068| |Total Fixed Assets||185,814|192,068| |Current assets|||| |Cash at bank and in hand||20,862|28,538| |Total Current assets||20,862|28,538| |Creditors: amountsfalling duewithinone year
Other creditors
1,000
Accruals and deferred income
450
Total Creditors: amounts falling due within one year
1,450
Net current assets (liabilities)
19,413
Total assets less current liabilities
205,226
Net Assets
205,226
Funds
Unrestricted funds
9
205,226
Total Funds
205,226
For the financial period ending 30 April 2021 the society was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Trustees' responsibilities:
DRAFT|||1,000
3,213
4,213
24,325
216,392
216,392
216,392
216,392| |•
The members have not required the society to obtain an audit of its accounts for the year in question in accordance with|||| |section 476; and|||| |•
The members acknowledge their responsibilities for complying with the requirements of the Act||with respect to|| |accounting records and the preparation of accounts.|||| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees, and authorised for issue on …............. and signed on their behalf by: ----------------------------- Phiilp Aplin The Old Chapel Community Project Page 7 of 13 Unaudited Financial Statements ## Notes to the Financial Statements ## The Old Chapel Community Project For the year ended 30 April 2023 ## 1. Responsibilities of the Trustees The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with the applicable law and regulations. The Trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the society and of its excess of expenditure over income for that year. In preparing these financial statements, the Trustees are require to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the society will continue in business. continue in business. The Trustees are responsible for maintaining satisfactory systems of internal control and keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the society and enable them to ensure that the financial statements comply with the Co-operative and Community Benefit Societies Act 2014. They are also responsible for safeguarding the assets of the society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 2. Accounting Policies **Basis of preparing the financial statements** The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return. Income Income is accounted for when sales are made. Grants receivable Grants are recognised when the society has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. The Trustees are responsible for maintaining satisfactory systems of internal control and keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the society and enable them to ensure that the financial statements comply with the Co-operative and Community Benefit Societies Act 2014. They are also responsible for safeguarding the assets of the society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## Intangible fixed assets Intangible Assets are initially recorded at cost, less an subsequent accumulated depreciation and subsequent impairment losses. Amortisation is provided, at the following annual rates in order to write off each asset over its estimated useful life. The Old Chapel Community Project Page 8 of 13 Unaudited Financial Statements Notes to the Financial Statements |**Account**|**Method**|**Rate**| |---|---|---| |Website|Straight Line|3 Years| |DRAFT||| The Old Chapel Community Project Page 9 of 13 Unaudited Financial Statements Notes to the Financial Statements ## Tangible fixed assets Fixed Assets are initially recorded at cost, less an subsequent accumulated depreciation and subsequent impairment losses. Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life. **Account Method Rate** Office Equipment Reducing balance 10% Buildings Straight Line 5% Cash and cash equivalents Cash and cash equivalents comprise of cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Investments Fixed asset investments are stated at cost less any provision for diminution in value. Fund Structure Unrestricted income funds are general funds that are available for use at the Trustee's discretion in furtherance of the objectives of the society. ||2023|2022| |---|---|---| |3.Incomefrom Donations and Grants||| |Donations|344|462| |Grants|-|11,971| |Total Income from Donations and Grants|344|12,432| ||2023|2022| |4.Incomefromother TradingActivities||| |Sales of goods and services|13,672|7,658| |Total Income from other Trading Activities|13,672|7,658| The Old Chapel Community Project Page 10 of 13 Unaudited Financial Statements Notes to the Financial Statements |2023
2022|2023
2022| |---|---| |5.Expenditure on TradingActivies|| ||Cost of activities| ||Events expenses
8,955
2,410| ||Rates
361
336| ||Light, Power, Heating
1,902
376| ||Telephone & Internet
231
-| ||Postage, printing and stationery
126
-| ||Subscriptions
337
162| ||Insurance
641
899| ||Repairs & Maintenance
740
505
| ||Cleaning
550
240
| ||General Expenses
-
185
| ||Audit & Accountancy fees
450
420
| ||Legal Expenses
467
-
| ||Depreciation Expense Buildings
10,027
6,906
| ||Depreciation Expense Equipment
352
255
| ||Total Cost of activities
25,137
12,693
| |Total Expenditure on Trading Activies
25,137
12,693
6. Trustees' remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the society during the year.
2023
2022
DRA|| |7.IntangibleFixedAssets
|| ||Website Cost
| ||Additions
1,650
-
| ||Total Website Cost
1,650
-
Amortisation| ||Amortisation in year
46
-| ||Total Amortisation
46
-| ||Total Intangible Fixed Assets
1,604
-
2023
2022| ||| ## 8. Tangible Assets ||Land and buildings|Land and buildings| |---|---|---| |||Cost| |||Opening Balance
200,533
183,264| |||Additions
2,520
17,269| |||Total Cost
203,053
200,533| Depreciation The Old Chapel Community Project Page 11 of 13 Unaudited Financial Statements Notes to the Financial Statements ||2023
2022|2023
2022| |---|---|---| ||Opening Balance
11,981
5,075|| ||Charge in year
10,027
6,906|| ||Total Depreciation
22,007
11,981|| ||Total Land and buildings
181,046
188,552
Office equipment|| |||Cost| |||Opening Balance
3,844
390| |||Additions
-
3,454| |||Total Cost
3,844
3,844
Depreciation
| |||Opening Balance
329
74
| |||Charge in year
352
255
| |||Total Depreciation
680
329
| |||Total Office equipment
3,164
3,515
| ||Total Tangible Assets
184,209
192,068
2023
2022
|| |||| |9.Funds
||| ||Unrestricted Funds
|| ||Opening Balance
216,392
208,995
|| ||Net movement in funds
(11,166)
7,397
|| ||Total Unrestricted Funds
205,226
216,392
|| ||Total Funds
205,226
216,392
|| The Old Chapel Community Project Page 12 of 13 Unaudited Financial Statements ## Depreciation Schedule ## The Old Chapel Community Project For the year ended 30 April 2023 |NAME|COST|OPENING VALUE|PURCHASES|DISPOSALS|DEPRECIATION|DEPRECIATION|CLOSING VALUE| |---|---|---|---|---|---|---|---| |Buildings|||||||| |Architects Fees re renovation|2,693|2,614|-|-||135|2,480| |Building renovation works (including
regs & fees)|5,537|5,376|-|-||277|5,099| |Caroe & Partners - architects draft
JCT Minor works contract|1,056|1,025|-|-||53|972| |Caroe & Partners - Construction pase
fee|3,900|3,786|-|-||195|3,591| |Snape 2.5% retention|2,794|2,712|-|-||140|2,572| |Snape Certificate 1
29,509
28,649
-
-
Snape Certificate 2
32,113
31,177
-
-
Snape certificate 3
47,328
45,948
-
-
The Old Chapel
50,745
43,133
-
-
Various renovation costs
7,589
7,368
-
-
Various Renovations 2021-2022
17,269
16,766
-
-
Total Buildings
200,533
188,553
-
-
Intangibles
Website
1,650
-
1,650
-
Total Intangibles
1,650
-
1,650
-
OfficeEquipment
Chairs
3,033
2,831
-
-
Dehumidifier
300
219
-
-
Tables
421
400
-
-
Vacuum
90
66
-
-
Total Office Equipment
3,844
3,515
-
-
DRAFT||||||1,475
1,606
2,366
2,537
379
863
10,027
46
46
283
22
40
7
352|27,173
29,571
43,581
40,596
6,988
15,902
178,526
1,604
1,604
2,548
197
360
59
3,164| |Total|206,028|192,068|1,650|-||10,424|183,294| The Old Chapel Community Project Page 13 of 13 Unaudited Financial Statements Unaudited Financial Statements The Old Chapel Community Project For the year ended 30 April 2023 Prepared by ADM Accountancy Services Limited ## Contents - 3 Reference and Administrative Details - 4 Trustees Report - 5 Accountants' Report - 6 Statement of Financial Activities - 7 Balance Sheet - 8 Notes to the Financial Statements - 13 Depreciation Schedule ## The Old Chapel Community Project Page 2 of 13 Unaudited Financial Statements ## Reference and Administrative Details ## The Old Chapel Community Project For the year ended 30 April 2023 ## Trustees Beverly Osborne Emily Charnock Brian Davies Philip Aplin Sylvia Stokes John Whitehead Edward McLamon Andrew Stillman Jennifer Ross Gary Thompson Rodney Churchill Principal Office 10 Malleson Road, Gotherington, CHELTENHAM, Gloucestershire, GBR, GL52 9ER Accountants ADM Accountancy Services Limited Unit 10 Homelands Commercial Centre Vale Road Bishops Cleeve Cheltenham GL52 8PX The Old Chapel Community Project Page 3 of 13 Unaudited Financial Statements ## Trustees Report ## The Old Chapel Community Project For the year ended 30 April 2023 The Trustees present the annual report together with the financial statements of the charitable company for the year ended 30 April 2022. Trustees Beverly Osborne Emily Charnock Brian Davies Philip Aplin Sylvia Stokes John Whitehead Edward McLamon Andrew Stillman Jennifer Ross Gary Thompson Rodney Churchill Objectives, strategies and activities The sole activity of the charity is providing a community hall. Appointment of accountants I approve the financial information which comprises the Profit and Loss account, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial information, including the appropriateness of the applicable financial reporting framework as set out in the notes, and for providing ADM Accountancy Services Limited with all information and explanations necessary for their compilation. ................................................. On behalf of the trustees of The Old Chapel Community Project 1st September 2021 The Old Chapel Community Project Page 4 of 13 Unaudited Financial Statements ## Accountants' Report ## The Old Chapel Community Project For the year ended 30 April 2023 We report on the accounts of the charity for the period ended 30 April 2023 from the entity's accounting records and from information and explanations you have given us. ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year. It is our responsibility to carry out procedures designed to enable us to report our opinion. **Basis of opinion** Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the company, and making such limited enquiries of the officers of the company as we considered necessary for the purposes of the report. These procedures provide only the assurance expressed in our opinion. **Opinion** In our opinion: he accounts, including the revenue account and balance sheet, are in agreement with the accounting records kept by the society under s75 of the Co- operative and Community Benefit Societies Act 2014; • Having regard only to, and on the basis of, the information contained in those accounting records, the revenue account and balance sheet comply with the requirements of the Co-operative and Community Benefit Societies Act 2014; and • For the preceding period of account, the financial criteria for the exercise of the power conferred by section 84 were met in relation to the year. -----------------------------ADM Accountancy Services Ld he accounts, including the revenue account and balance sheet, are in agreement with the accounting records kept by the society under s75 of the Co- operative and Community Benefit Societies Act 2014; - Having regard only to, and on the basis of, the information contained in those accounting records, the revenue account and balance sheet comply with the requirements of the Co-operative and Community Benefit Societies Act 2014; and - • For the preceding period of account, the financial criteria for the exercise of the power conferred by section 84 were met in relation to the year. Dated 11 July 2023 The Old Chapel Community Project Page 5 of 13 Unaudited Financial Statements ## Statement of Financial Activities ## The Old Chapel Community Project For the year ended 30 April 2023 |Statement of Financial Activities
The Old Chapel Community Project
For the year ended 30 April 2023|Statement of Financial Activities
The Old Chapel Community Project
For the year ended 30 April 2023| |---|---| |NOTES
UNRESTRICTED
FUNDS
2023
2022|| |IncomingFunds|| |Income from donations and grants
3
344
344
12,432|| |Income from other trading activites
4
13,672
13,672
7,658|| |Total Incoming Funds
14,016
14,016
20,090
OutgoingFunds:|| ||Expenditure| ||Cost of activities
5
25,137
25,137
12,693| ||Amortisation of website
46
46
-
| ||Total Expenditure
25,183
25,183
12,693
| ||Total Outgoing Funds:
25,183
25,183
12,693
| |Net movement in funds
(11,166)
(11,166)
7,397
Reconciliationof Funds
|| |Funds brought forward
216,392
216,392
208,995
|| |Net movement in funds this year
(11,166)
(11,166)
7,397
|| |Unaudited Financial Statements
The Old Chapel Community Project Page 6 of 13
Total Funds Carried Forward
205,226
205,226
216,392
DR|| ## Balance Sheet ## The Old Chapel Community Project As at 30 April 2023 |Balance Sheet
The Old Chapel Community Project
As at 30 April 2023|||| |---|---|---|---| ||NOTES|30 APR 2023|30 APR 2022| |FixedAssets|||| |Intangible assets||1,604|-| |Tangible assets|8|184,209|192,068| |Total Fixed Assets||185,814|192,068| |Current assets|||| |Cash at bank and in hand||20,862|28,538| |Total Current assets||20,862|28,538| |Creditors: amountsfalling duewithinone year
Other creditors
1,000
Accruals and deferred income
450
Total Creditors: amounts falling due within one year
1,450
Net current assets (liabilities)
19,413
Total assets less current liabilities
205,226
Net Assets
205,226
Funds
Unrestricted funds
9
205,226
Total Funds
205,226
For the financial period ending 30 April 2021 the society was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Trustees' responsibilities:
DRAFT|||1,000
3,213
4,213
24,325
216,392
216,392
216,392
216,392| |•
The members have not required the society to obtain an audit of its accounts for the year in question in accordance with|||| |section 476; and|||| |•
The members acknowledge their responsibilities for complying with the requirements of the Act||with respect to|| |accounting records and the preparation of accounts.|||| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees, and authorised for issue on …............. and signed on their behalf by: ----------------------------- Phiilp Aplin The Old Chapel Community Project Page 7 of 13 Unaudited Financial Statements ## Notes to the Financial Statements ## The Old Chapel Community Project For the year ended 30 April 2023 ## 1. Responsibilities of the Trustees The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with the applicable law and regulations. The Trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the society and of its excess of expenditure over income for that year. In preparing these financial statements, the Trustees are require to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the society will continue in business. continue in business. The Trustees are responsible for maintaining satisfactory systems of internal control and keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the society and enable them to ensure that the financial statements comply with the Co-operative and Community Benefit Societies Act 2014. They are also responsible for safeguarding the assets of the society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 2. Accounting Policies **Basis of preparing the financial statements** The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return. Income Income is accounted for when sales are made. Grants receivable Grants are recognised when the society has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. The Trustees are responsible for maintaining satisfactory systems of internal control and keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the society and enable them to ensure that the financial statements comply with the Co-operative and Community Benefit Societies Act 2014. They are also responsible for safeguarding the assets of the society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## Intangible fixed assets Intangible Assets are initially recorded at cost, less an subsequent accumulated depreciation and subsequent impairment losses. Amortisation is provided, at the following annual rates in order to write off each asset over its estimated useful life. The Old Chapel Community Project Page 8 of 13 Unaudited Financial Statements Notes to the Financial Statements |**Account**|**Method**|**Rate**| |---|---|---| |Website|Straight Line|3 Years| |DRAFT||| The Old Chapel Community Project Page 9 of 13 Unaudited Financial Statements Notes to the Financial Statements ## Tangible fixed assets Fixed Assets are initially recorded at cost, less an subsequent accumulated depreciation and subsequent impairment losses. Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life. **Account Method Rate** Office Equipment Reducing balance 10% Buildings Straight Line 5% Cash and cash equivalents Cash and cash equivalents comprise of cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Investments Fixed asset investments are stated at cost less any provision for diminution in value. Fund Structure Unrestricted income funds are general funds that are available for use at the Trustee's discretion in furtherance of the objectives of the society. ||2023|2022| |---|---|---| |3.Incomefrom Donations and Grants||| |Donations|344|462| |Grants|-|11,971| |Total Income from Donations and Grants|344|12,432| ||2023|2022| |4.Incomefromother TradingActivities||| |Sales of goods and services|13,672|7,658| |Total Income from other Trading Activities|13,672|7,658| The Old Chapel Community Project Page 10 of 13 Unaudited Financial Statements Notes to the Financial Statements |2023
2022|2023
2022| |---|---| |5.Expenditure on TradingActivies|| ||Cost of activities| ||Events expenses
8,955
2,410| ||Rates
361
336| ||Light, Power, Heating
1,902
376| ||Telephone & Internet
231
-| ||Postage, printing and stationery
126
-| ||Subscriptions
337
162| ||Insurance
641
899| ||Repairs & Maintenance
740
505
| ||Cleaning
550
240
| ||General Expenses
-
185
| ||Audit & Accountancy fees
450
420
| ||Legal Expenses
467
-
| ||Depreciation Expense Buildings
10,027
6,906
| ||Depreciation Expense Equipment
352
255
| ||Total Cost of activities
25,137
12,693
| |Total Expenditure on Trading Activies
25,137
12,693
6. Trustees' remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the society during the year.
2023
2022
DRA|| |7.IntangibleFixedAssets
|| ||Website Cost
| ||Additions
1,650
-
| ||Total Website Cost
1,650
-
Amortisation| ||Amortisation in year
46
-| ||Total Amortisation
46
-| ||Total Intangible Fixed Assets
1,604
-
2023
2022| ||| ## 8. Tangible Assets ||Land and buildings|Land and buildings| |---|---|---| |||Cost| |||Opening Balance
200,533
183,264| |||Additions
2,520
17,269| |||Total Cost
203,053
200,533| Depreciation The Old Chapel Community Project Page 11 of 13 Unaudited Financial Statements Notes to the Financial Statements ||2023
2022|2023
2022| |---|---|---| ||Opening Balance
11,981
5,075|| ||Charge in year
10,027
6,906|| ||Total Depreciation
22,007
11,981|| ||Total Land and buildings
181,046
188,552
Office equipment|| |||Cost| |||Opening Balance
3,844
390| |||Additions
-
3,454| |||Total Cost
3,844
3,844
Depreciation
| |||Opening Balance
329
74
| |||Charge in year
352
255
| |||Total Depreciation
680
329
| |||Total Office equipment
3,164
3,515
| ||Total Tangible Assets
184,209
192,068
2023
2022
|| |||| |9.Funds
||| ||Unrestricted Funds
|| ||Opening Balance
216,392
208,995
|| ||Net movement in funds
(11,166)
7,397
|| ||Total Unrestricted Funds
205,226
216,392
|| ||Total Funds
205,226
216,392
|| The Old Chapel Community Project Page 12 of 13 Unaudited Financial Statements ## Depreciation Schedule ## The Old Chapel Community Project For the year ended 30 April 2023 |NAME|COST|OPENING VALUE|PURCHASES|DISPOSALS|DEPRECIATION|DEPRECIATION|CLOSING VALUE| |---|---|---|---|---|---|---|---| |Buildings|||||||| |Architects Fees re renovation|2,693|2,614|-|-||135|2,480| |Building renovation works (including
regs & fees)|5,537|5,376|-|-||277|5,099| |Caroe & Partners - architects draft
JCT Minor works contract|1,056|1,025|-|-||53|972| |Caroe & Partners - Construction pase
fee|3,900|3,786|-|-||195|3,591| |Snape 2.5% retention|2,794|2,712|-|-||140|2,572| |Snape Certificate 1
29,509
28,649
-
-
Snape Certificate 2
32,113
31,177
-
-
Snape certificate 3
47,328
45,948
-
-
The Old Chapel
50,745
43,133
-
-
Various renovation costs
7,589
7,368
-
-
Various Renovations 2021-2022
17,269
16,766
-
-
Total Buildings
200,533
188,553
-
-
Intangibles
Website
1,650
-
1,650
-
Total Intangibles
1,650
-
1,650
-
OfficeEquipment
Chairs
3,033
2,831
-
-
Dehumidifier
300
219
-
-
Tables
421
400
-
-
Vacuum
90
66
-
-
Total Office Equipment
3,844
3,515
-
-
DRAFT||||||1,475
1,606
2,366
2,537
379
863
10,027
46
46
283
22
40
7
352|27,173
29,571
43,581
40,596
6,988
15,902
178,526
1,604
1,604
2,548
197
360
59
3,164| |Total|206,028|192,068|1,650|-||10,424|183,294| The Old Chapel Community Project Page 13 of 13 Unaudited Financial Statements