RRL Charity Registration No. 1180038 ST JUST MINERS. CHAPEL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
ST JUST MINERS. CHAPEL RRL" LEGAL AND ADMINISTRATIVE INFORMATION Trustees Richard Trahair Anthony Holman lan Marsh John Anderson Bronwen Roand Mama Blundy Caroline Walling Sue James (Appointed 22 April 20211 (Appointed 1 October 20211 Charty number 1180038 Prlnclpal addrgss The Count House Bosorne ST JUST Comwall TR19 7NR Accountants RRL LLP Peal House Newham Road TRURO Comwall TR1 2DP Bankers Lloyds Bank PIC {Penzan} POBox8 Market House PENZANCE Comwall TR18 2TN
ST JUST MINERS. CHAPEL RRL" CONTENTS Pagg Trustees. report Accountants, report Statement of financial activities Balance sheet Notes to the financial statements 6-10
ST JUST MINERS, CHAPEL RRL" TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees present their report and financial statements for the year ended 31 December 2021. Ttre charity was formed on 21 September 2018. The financial slalements have been prepared In accordan with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming document, the Charities Act 2011 and 'Accounling and Reporting by Charities". Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting periods commencing from 1 January 20191. Objectives and activities The charity's objects are.. To restore, repair, maintain, improve, extend, beautify, reconstruct and manage the chapel, monuments, fixtures. fittings and contents in the chapel and churchyard. Advance the education of the public on the subjects of history and heritage in relation lo issues of local and national importance in particular but not limited lo the history and heritsge of the chapel and surroundings in which the chapel is located. To benefit the residents of St Just and the local neighbouthood. without distinction of sex. sexual orientation. race or Df political. religious or other opinions by associating together SLJch residents and the local athhorib'es, voluntary and other organisalions in a common effort to advan education and lo provide facilities in the interests of social welfare for recreation andlor leisure time activities with the objective of improving the conditions of life for such residents. The charity was gIStered on 21st September 2018 to secure the future of the iconic Wesleyan Chapel. This was built in 1833 in the hey-day of Sl Jusl's long mining history when up to 1,800 people worshipped here each week. Sadly, by 2016 the Congregation had de¢lined lo the point where they could no longer continue lo look after the buildings and graveyard. They look the hard decision lo close it. 11 was then that a steering group was formed to explore ways by which the building could be secured for future use by the community. Their guiding principles were that the heritage of the building and what it represents should be respected., that the community musl have public access lo the chapel and that il must contriue lo be place of worship. After a public consullalion and several meetings, the group agreed to fom a charity, St Just Miners, Chapel, and lo negotiate a 25 year lease with the Trustees for Melhodisl Church Properties. We needed a structure for our embryonic organisalion and we were kindly taken under the wing of Sl Just and District Trust CIO. We received endless support and advi from their trustees during our negotiations with the Charity Commission. in particular from their secretary, Ted Lean, and treasurer, Bridget Gibbs. We also received continuous Support from the Minister, the late Reverend Julyan Drew. He is sadly missed. The trustees have paid due regard to guidan issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and perfomianc 2021 was a year of change. As the country began to recover from the Pandemic, we met virtually as a board to attempt to move fotward the negotiations lo lake a lease on Sl Just Methodist Chapel. The lease is existential lo our Charity, as our purpose is lo bring new life and purpose lo the Chapel. All our efforts are in this direction, however unfortunately the negotiations prove long and arduous and at the lime of writing are still ongoing. In the meantime, the Chapel remains with the Methodist Church and has community use, which we SLJPPOrt, bul are actively involved in. We hope 2022 will be the year our Charity can begin again lo fu11 its PLrpose with secure and fair lease in place.
ST JUST MINERS, CHAPEL RRL" TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Financial review The results are shown in the statement of financial activities on page 4 and show net incoming resources for the year of £3,571, all of which is unreslricled funding. Reserves policy The trustees aim to hold reserves at an adequate level to SUPPDrt the charity's fvture activities. This policy is reviewed annually. The trustees aim to hold unrestricted funds sufficient lo meet annual operating costs. Investment policy The ttuslees have Considered the most appropriate policy for investing funds and find that the use of a bank deposit account will meet the requirement lo generate a retum on capital whilst maintsining access lo funds for operational purposes. Risk management The trustees have examined the major strategic risks to which the charity is exposed and are satisfied that systems are in pla lo minimise or mitigate these. The trustees will continue to review potential risks on a regular basis and will tske further action to minimiselmitigale these risks as required. Structure. governance and management The charity was set up as a charitable incorporated organisalion wth ils consts'tulion dated 25 June 2018. 11 was registered with the charity commission on 21 September 2018. The trustees who served during the year and up lo the dale of signature of the financial slalements were". Richard Trahair Anthony Holman lan Marsh John Anderson Bronwen Roand Marna Blundy Michelle Burton Brian Clemens Caroline Watling Sue James (Resigned 1 April 20211 (Resigned 22 April 20211 (Appointed 22 April 20211 (Appointed 1 October 20211 The trustees may appoint a person ¥Nho is willing to act as a Iruslee. Potential trustees meet with present trustees prior lo appoinlmenl. Once appointed, trustees undertake an induction into the workings of the charity and are provided with key documents such as the constrtution, recent accounts and minutes of past trustee mèetings. Up lo date Charity Commission guidance is also provided concerning the role of a trustee. None of the trustees has any beneficial interest in the company. Oryanlsatlon The trustees are legally responsible for the overall control and management of the charity. The trustees, report was approved by the Board of Trustèes. lan Marsh Trustee Dated.. 11 October 2022
ST JUST MINERS. CHAPEL RRL" CHARTERED ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ST JUST MINERS. CHAPEL FOR THE YEAR ENDED 31 DECEMBER 2021 In order lo assist you lo fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Sl Just Miners, Chapel for the year ended 31 December 2021, which comprise the stslemenl of financial activities and the related notes from the charity's accounting records and from infomiation and explanations you have given us. As a practising member firm of the Instrf(ute of Chartered Accounlanls in England and Wales, we are subject to its ethical and other professional requirements which are detailed al https."IlwN.Icaew.comlregulalion This report is made to the charity's trustees, as a body, in accordance wth the temis of our engaJemenl letter dated 27 September 2022. Our work has been undertaken solely to prepare for your approval the financial slalements of St Just Miners, Chapel and stsle those matters that we have agreed lo slate lo the Charity's trustees. as a body, in this report in accordance rith ICAEW Technical Release 07116 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Just Miners. Chapel and the charity's trsleeS as a body, for our work or for this report. It is your duty to ensure that St Just Miners. Chapel has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of St Just Miners, Chapel. You consider that Sl Just Miners. Chapel is exempl from the slalutory audit requirement for the year, and is not required lo obtain an independent examiner's report.} We have not been instructed to carry out an audit or a review of the financial stslemenls of Sl JLBt Miners. Chapel. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the stslulory financial slatemenls. RRL LLP 11 October 2022 Chartered Accountants Peat House Newham Road TRURO Comwall TR12DP
ST JUST MINERS. CHAPEL RRL" STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestrlcted Restrlcted funds funds 2021 2021 Totsl Totsl 2021 2020 Notes ncome from. Donations and legacies Other trading ath'vities Investments 2,910 1,108 2,910 1,108 3,625 3,115 Total income 4,020 4,020 6,744 Ex enditure Charitable activities 449 449 9,727 Net incomellexpenditurel for the yearl Net movement in funds 3,571 3,571 12,9831 Fund balances al 1 January 2021 21.913 955 22,868 25,851 Fund balances at 31 December 2021 25,484 955 26,439 22,868 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies.
ST JUST MINERS. CHAPEL RRL" BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Notes Current assets Debtors Cash at bank and in hand 1,810 24,908 340 23,253 28,718 23,593 Credrtors: amounts falling due within one year 10 12791 17251 Net current assets 26,439 22,868 Ineome funds Restricted ftjnds Unrestricted funds 11 955 25,484 955 21,913 26.439 22,868 The financial statements were approved by the Trustees on 11 October 2022 lan Marsh Trustee
ST JUST MINERS. CHAPEL RRL" NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles Charity infomiation Sl Just Miners, Chapel is a charitable incorporated organisation, registered in England. The address of the registered office is given on the legal and administrative page in the financial statements. The members of the charity are the trustees named on the legal and administration page. 1.1 Accounting convention The financial statements have been prepared In accordance wlh the charity's governing document, the Charities Act 2011 and 'Accounling and Reporting by Charities." Statement of Recommended Practice applicable lo chaiilies preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 las amended for accounting periods commencing from 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Updafe Bulletin 1 not to prepare a Statement of Cash Flows. The financial stslemenls are prepared in slerfing, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern The trustees have considered the potential Impact of Covid-19 on the activities of the charity and in their opinion the charity has sufficient working capital facilities in place lo be able lo operate for the foreseeable future. On this basis the trustees believe that the financial statements should continue to be prepared on the going concern basis. 1.3 Charitable funds Unrestricted funds a available for use at the discretion of the trustees in furtherance of their Charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanaal statements. 1.4 Income Income is recognised when the charity is legally entitled to il after any Performan conditions have been met, the amounts can be measured reliably. and il is probable that income will be received. Cash donations are recognised on reipl. Other donations are recognised once the charity has been notified of the donation, unless performance condrtions require deferral of the amount. Income lax recoverable in relat40n to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset. Tumover is measured al the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the nomal course of business, nel of discounts, VAT and other sales related tsxes. 1.5 Expanditur
ST JUST MINERS. CHAPEL RRL" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ounllng poll¢lg$ Icontlnugdl Liabilities are recognised as soon as there is a legal or constrLJCtive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for ils beneficiaries. 11 Includes both costs that can be allocated diredy lo such actiwilies and those costs of an indirect nature necessary lo support them. Irrecoverable VAT is Charged as an expense against the activity for which the expenditure arose. 1.8 Cash and cash equivalents Cash and cash equivalents Indude cash in hand, deposits held at call with banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown wthin borrowings in current liabilities. 1.7 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becornes paty lo the conlraclual provisions of the Inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial slatemenls, when there is a legally enforceable right lo sel off the re¢ognised amounts and there is an intention lo sellle on a net basis or lo realise the asset and see the liability simultaneously. Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted al 8 market rale of interest. Financial a55ets classified as receivable within one year are not amortised. BasiTC financial IITabilities Basic financial liabilities, in¢luding creditors and bank loans are initially recognised al Iransa¢tion pri¢e unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a marf(et rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequendy carried al amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequenuy measured at amortised wst using the effective interest method. Derecognilion of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
ST JUST MINERS. CHAPEL RRL" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are ¢onsidered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted Unrestricted funds funds 2021 2020 Donations and gnls Grants receivable 2,210 700 3,625 2,910 3,625 Grants rgcelvable for corg a¢tlvltlg$ Other 700 700 Other trading activities Unrestricted Unrestricted funds funds 2021 2020 Fundraising events Sale of goods Olhei 1,073 35 119 458 2,538 Other trading activities 1,108 3,115
ST JUST MINERS. CHAPEL RRL" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Investments Unrestricted Unrestricted funds ftjnds 2021 2020 Interest receivable Charitable activities Unrestricted Unrestricted funds funds 2021 2020 Postage and stslionery Kitchen expenses, catering and consumables Bank charges Sundries Repairs and renewals Organlchoral workshops Levant 100 costs Events 316 664 35 1,006 326 524 200 80 6,576 321 99 635 711 826 12,1431 449 9,727 Charitable activity expenditure includes payments to the accountsnts of £Nil for accounts and independent examination fees. Tru$tsg$ None of the Iruslees lor any persons connected with them) received any remuneration or benefits from the Charity during the year. Employees The average monthly number of employees during the year was". 2021 Number 2020 Number Total There were no employees whose annual remuneration was more than £60,000.
ST JUST MINERS. CHAPEL RRL" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Debtors 2021 2020 Arnounts falling due within one year: Other debtors 1,810 340 10 Creditors- amounts falling due within one year 2021 2020 Accruals and deferred income 279 725 11 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balanS of donations and grants held on trust for specific purposes.. Movement in funds Incoming Balance at re50urces1 January 2021 Movement in funds Incoming Balance at resources 31 Decernber Balance at 1 January 2020 2021 Imlliam Baker Organ Scholarship Fulmer Charitable Trust - bursary 455 500 455 500 455 500 955 955 955 12 Analysis of net assets between funds Unrestricted Restricted funds funds 2021 2021 Total Unrestricted Rèstricted funds funds 2020 2020 Total 2021 2020 Fund balances al 31 December 2021 are represented by.. Current assetsllliabililiesl 26,439 26,439 22,868 22,868 26,439 26,439 22,868 22,868 13 Related party transactlons During the year the charity received donations from trustees lotsling £Nil12020.' £5001. 10-