## Walmer Chapel CIO Report and Accounts Year ended...31st December 2023 ## **WALMER CHAPEL CIO** ## **LEGAL & ADMINISTRATIVE DETAILS** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ADDRESS FOR CORRESPONDENCE 30 Station Road Walmer DEAL CT14 7QS GOVERNING DOCUMENT CIO Constitution dated October 2019 CHARITY REGISTRATION NUMBER 1185852 TRUSTEES RESPONSIBLE FOR C. Lambden - Pastor - Secretary MANAGING THE CHARITY P.Rees - Treasurer E.Phyall R.Packman BANKERS HSBC Bank PLC INDEPENDENT EXAMINER Jane Neame 52 Ham Shades Lane Whistable Kent CT5 1NX **INDEX** Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts Page 1 ## **WALMER CHAPEL CIO** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** The Trustees have pleasure in submitting the Report and Accounts for the period ended 31 December 2023 ## **Objects of the charity** The charity, which is a church, is governed by a constitution and is constituted as a CIO. The charity’s principal object is to demonstrate the Christian faith in action by the advancement of the Christian faith. We seek to glorify God by obeying the Bible. ## **Summary of the charity’s main activities and achievements** To further the above objects and vision, the charity’s main activities and achievements were as follows: During the course of this year, we continued to focus on building up the various ministries of the Church: the regular Sunday morning and evening services for worship, midweek Bible study and prayer meeting, home group, Sunday School, mums & tots, women’s meeting, youth group, and coffee morning, and these were fairly well attended. Our outreaches in the town centre with a local evangelist continued where possible. Services continued to be being live-streamed and sermons loaded to the website, as this has been a vital outreach to those at a distance or housebound. There has also been more demand for pastoral visitation, many having long term health challenges. The monthly e-newsletter continued with internet links, event dates and some thoughtful/biblical content. Paper copies are distributed to addresses without email or which requested post only. The newsletter is delivered to about 300 local homes along with the magazine ‘Cheering words,’ and extra copies are distributed to contacts; the print run varies according to the likely appeal of the content, with peaks around Easter, the end of the summer term, and Christmas. There is also a prayer email, sent roughly fortnightly, for an inner group which is now growing as more sign up to its confidentiality and for intercessory prayer. During the year we saw some new faces, some of whom had first discovered us on the internet. One person was received into membership, one deacon was appointed, and one request was made for baptism which would be performed the following year. Page 2 More contacts have been harvested via GDPR rules through the toddler and Sunday school groups which are open to the public, and also from visitors to the services. Regular pastoral telephone, in-person or email contact has been continued. We give thanks to Almighty God for bringing us thus far in our walk with him; and leave all things in his hands for the future as we seek to be faithful to the calling we have received through the Lord Jesus Christ, to whom be all the glory. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. ## **Financial review** During the year income increased by £9,217.92, to £52,415.25, and expenditure decreased by £1,113.94, to £45,107.32. As a result the cash held by the charity increased by £7,307.93, to £47,569.06, of which £47,569.06 is unrestricted and can be used for any charitable purpose. ## **Reserves policy** The trustees have determined that the charity should aim to hold unrestricted cash of no less than £30,000 (which equates to about 8 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £47,569.06 and the charity is complying with its reserves policy. ## **Governance** The policy and operating decisions of the charity rest with the Trustees, who meet regularly to monitor the activities of the Trust. Day to day management of church affairs is undertaken by the pastor/Elder of the Church, with the consent of the membership. All appointments are confirmed by the membership at the Annual General Meeting of the Church. ## **Risk statement** The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks. ## **Responsibilities of trustees** Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. ## **Approval** This report was approved by the trustees and signed on their behalf by: Mr P Rees (Chair) Date: 16 October 2024 Page 3 CHARITY COMMISSION FOR ENGIAND AND WALES Independent examiner's ￿port on the accounts Se¢tion A Independent Examiner's Roptyrt R•port to tho trust0￿1 memberty of W8lm&r Chap81 CIO On accounts lor the yaar ended 31bt Deomber 2023 Charity 1185852 Sot out on pag 6-9 l&ix to nine) I report lo t￿￿ Irustees on my exarninaiitin of the accounts of the above charty I'the Trust") for year Ènded 3111212023. Rg¥ponslbllltta8 and basls of report As the ¢fvarrty's trustees, you are ré6pon8ible for the preparation of the 8CGgunts In accordan￿ with th& requirements of the Chant￿8 Ac¢ 2011 I'the Act.). I report in respect of rny examination of the Trust's 8¢covnts carried out under section 145 of the 2011 Act and carrying out my examination, I have followed all th& applicable DireGtions given by the Charity Comrnission under section 14515llbl of the Act. Independent I have coM￿eted rny examinatson. I confirm that no matèrial matlers hav examiner's 8t•temont Gome to my attenlton in connection with the examination which gives me cause to believe that In, any material respect the accounting records wer¢ not kept It) accordallce with sectSon 130 of the Charities Act." or the accounts did not accord with the accounting records., or the accounts not Gornply with the applicable requirernents concernirig the form and conlenl of accounts set oul in the C*arities (Accounts and Reports) Rtrgulations 2008 other than any requirement that the accounts give a 'iru8 and fair, view which is not a matter consKlered as part of an Independent examination. I have no concerns and have come across no other matters in confiection with the e¥arnination to which attention sl¥)uld be drawn in this report In order to enab￿ a proper understarwjing of the acMunts lo be teached. Signéd: Oat•'. 14 OctotÈr 2024 Name.. Mrs J C Neame Relevant profe$$lonal qualthcationl81 or body Irf anyl: Instrtute of Charte￿d A(uuntants In England and WalÈs Addre¥s'. 52 Ham Shade5 Lane Whitstabk Kent CT5 1NX Page 4 ## **WALMER CHAPEL CIO** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** |Notes
**_Income receipts_**
Donations
Gift aid receipts
Gift a one off
Credit
Interest
**_Total receipts_**
**_Payments_**
2
3
**_Total payments_**
Transfers between funds
6
**Net movement in funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Purchase of fixed assets
Purchase of investments
Loans made
Net of receipts / (payments) before
Payments
in
relation
to
charitable
activities undertaken directly
Grants
paid
in
relation
to
charitable
activities undertaken by others|General
Designated
Funds
Funds
£
£
44,728
-
6,933
-
-
-
320
-
435
-
52,416
-
52,416
-
42,347
-
2,760
-
45,107
-
-
-
-
-
-
-
-
-
45,107
-
7,309
-
-
-
7,309
-
40,260
-
47,569
-
Unrestricted Funds|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|2023
£
44,728
6,933
-
320
435
52,416
52,416
42,347
2,760
45,107
-
-
-
-
45,107
7,309
-
7,309
40,260
47,569|2022
£
36,078
6,826
250
-
43
43,197
43,197
43,996
2,235
46,231
-
-
-
-
46,231
3,034
-
-
3,034
-
43,294
40,260| |---|---|---|---|---| The notes on pages 7 - 8 form part of these accounts. Page 5 ## **WALMER CHAPEL CIO** ## **STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |General
Designated
funds
funds
Notes
£
£
**A Cash funds**
Cash at bank with immediate access
47,569
-
Notice deposits
-
-
Petty cash
-
-
**47,569**
**ZERO**
**B**
**Other monetary assets**
Gift aid due to charity
5,650
-
Other debtors
-
-
**5,650**
**-**
**C**
**Liabilities**
**Falling due within one year**
Fee for Independent Examination
400
-
**400**
**-**
**D**
**Assets retained for charity's own use**
Land and buildings (give brief details)
One very old tin building and Brick Church
Music and PA equipment
Computers and IT
Furniture
Equipment
Unrestricted Funds|Restricted
funds
£
-
-
-
**ZERO**
-
-
**-**
-
**-**
Fund to
which asset
belongs|2023
£
47,569
-
-
**47,569**
5,650
-
**5,650**
400
**400**
(optional)
(optional)
Current
value
640,578
4,374
972
1,458
340
647,722|2022
£
40,260
-
-
**40,260**
4,920
-
**4,920**
400
**400**
(optional)
Cost
£
640,578
6,000
1,365
2,000
470
650,413| |---|---|---|---| Current values have been estimated by the trustees. ## **E Guarantees and secured debts** The charity has not given any guarantees and has not provided its assets as security for any liabilities. The accounts were approved by the trustees and signed on their behalf by: Mr. P Rees (Chair) Date: 16 October 2024 The notes on pages 7-8 form part of these accounts. Page 6 ## **WALMER CHAPEL CIO** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **1 Accounting policies** The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. |**2**
**Payments in relation to charitable activities undertaken directly**
Employment costs (see note 4)
Ministry expenses
Maintenance of buildings & equipment
Utilities including broadband
Insurance
Independent examination (PAID in FEB 2024 £400)
Administration and support
Legal and professional fees, including subscriptions
Other costs (Sundries/website/bank charges)
**3**
**Grants paid in relation to charitable activities undertaken by others**
Grants for:
Mission Support|Unrestricted Funds
General
Designated
funds
funds
£
£
34,784
-
710
-
331
-
2,498
-
671
-
-
-
-
-
810
-
2,543
-
42,347
-

2,760
2,760
-|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-|Total
2023
£
34,784
710
331
2,498
671
-
-
810
2,543
42,347
2,760
2,760|Total
2022
£
33,766
340
501
3,058
603
380
1,154
404
3,790
43,996
2,235
2,235|Total
2021
£
33,763
160
90
1,888
971
690
568
625
3,315
42,070
1,670
1,670| |---|---|---|---|---|---| Page 7 ## **WALMER CHAPEL CIO** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **4 Transactions with related parties** Clive Lambden served as a church leader and was paid £26,377.12 (net) for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document. No payments were made to any other trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity. ## **6 Movement of funds** |General funds
Designated funds
Organ Fund
Church Repair Fund
Restricted funds
Mission Fund - UKRAINE appeal
Pastoral Care Fund
Total funds|Balance at
31 Dec 2022
£
40,260
-
-
-
-
-
40,260|Receipts
£
52,416
-
-
-
-
-
-
52,416|Payments
£
45,107
-
-
-
-
-
-
-
45,107
-|Transfers
£
-
-
-
-
-
-
-
-|Balance at
31 Dec 2023
£
47,569
-
-
-
-
-
-
47,569| |---|---|---|---|---|---| Page 8