Noreliffe Unitarian & Free Christian Chapel CIO Contents Section I: Legal and administrative inforniation Section 2: Report of the management committee S¢ction 3.. R¢port of the independent examiner Section 4: Statement of financial activities Section 5: Balance sheet Section 6: Notes to th¢ accounts Norcliffe Unitarian & Free Christian Chapel CIO Section I: Legal and Administrative Information Status Norcliffe Unitarian & Free Christian Chapel CIO. is a charity registered under the Charities Act and has the registrAtion number 1189882, The object of the charity is to provide '& place for the worship of God and furthernnce of a Christian life free from the fetters of any written or unwritten declaration of doctrine or for such other pious, educatiunal or charithble purpL)ses as shall not be al variance with the free spirit of the original trust,. Under a Charity Commission scheme of 15, September 1978 the original trustees were pemiitted lo convey the IAnd and building comprising the chapel to the 'Nalional Trust for Places of Historic Interest and Natural Beauty,. They grant a lease to the trustees, the lease is on a recurring annual renewal. TruJtee8 Mrs K Walker Prof G Leverniore Dr. J A Taylor Mr JL Earnsh&w Mrs B Worthin8ton The Trustees are parties to the lease and are primarily responsible tor the management of the investments. Any vacancy amongst these people is filled by appointment by the remairting trustees. Secretary John Earnshaw 2 Gorse LAne M32 OUF Treasurer Leonard Elixs 19 Lancaster Close Hazel Grove Stockport SK7 5LJ Norcliffe Unitarian & Free Christian Chapel CIO Independent Examiner Bankers Mrs Joanne Ellerby FCMA 30 Welton Drive Wilmslow Cheshire SK9 6HE Barclays Bank plc 59 Grov¢ St Wilmslow Cheshire. SK9 IER. Solicitors Investment Advisors Manners Pimblett 4 London Road North Poynton Ch¢hir¢ SK12 IQZ Brewin Dolphin l The Avenue Spinningfields Squar¢ Manchester M3 3AP st Section 2: Report of the Trustees for the Year ended 31 March 2025 'rhe management Committee (council) pres¢nts its report and financial statements for the y¢ar ended 31" March 2025. Activities The objects of the Charity are set out in Sedion l under the headin8 of its status. The management committec {whi¢h consists of both appointed and ele¢l¢d members) meets every two months to discuss And take action upon any matters arising over the running of the Chapel's affairs. They work to ark agenda drawn up by the Chairman. Nor¢liffe Unitsrian & Free Christian Chapel 'Norcliffe Chapel, is a member of the 'Manchester District As50Cikltion of Unitarian and Free Christian Churches, 10 whom it pays an annual subscription and whose meetings il attends. It 15 also a member of the 'General Assembly of Unitarian and Free Christian Churches, to whom il pays an annual subs¢ription on a per capita basis. These are resp¢ctively regional and national bodies representing churches with a similar ¢thos. The trustees have had regard to the public benefit guidance provided by the Charity Commission and Can confimi that Norcliffe Chapel provides activities for the benefit of the public. By the restrictive nalure of thi5 Charity the Activities are opening the Chapel for religious purpose5 which occur each we¢L and social and cultural events. Over the period of the lasi 20 years income has ex¢eded expenditure atid sutpluses have been invested in Stock Exch&nge Securities. The Chapel is largely financed by the investment income and consequently it is considered that there are no free r¢serv¢s. The statsis of the inv¢slments ts reviewed from time to lim¢ with the investment advisers. with a view to maximising income and avoiding capital losses. The Chapel in 8¢nernl does not make ryits. From time to time collections are donated to specific causes. The major risk to which the Charity is exposed is ihat of the vol8tility of ih¢ money markets. The trustees are aware of this and they pursue a conservative investment policy. The charity has a stable income and predictabl¢ fixed exp¢nditur¢ ewh year. So it does not ne¢d a very large reserve. The reserve consists of a Ba￿lay$ Bank dep)sit ac¢ount. R¢$pon$ibilitid of tbe Mamagtment Commlttee Charity law requires the management committee to prepare financial statements for each financial year which give a true and fair view of the affairs of the Charity tts at the balance .%heet date and of its incoming resources and application of resources for the financial year. In preparing those financial statements the trustees should follow best practice and: select suitable accounting policies and then apply them consistently. make jud8¢ments and estimatrs that att r¢&%onabl¢ And prudenL and prepare the financial statements on the going concern basis unless il is inappropriate to assume that the Charity would ¢ontinue on that basis. The trustees ate responsible for maintaining proper a¢countin8 records which disclose with reasonable accuracy at any lime the financial position of the Charity and to enable them to ensure that the financial statcmenls comply with the Charity Acts. The trustecs are also responsible for safeguarding the assets of the Charity and hcnce for t&kin8 reasonable steps for the prevention and detection of fraud and other irregularities. This report has b¢en prepared in accordance with the Charities Commission SORP (FRSI 02). This report was approved by th¢ Tru51¢es on * S¢ptcmber 2025 and signed on its behalf by AwJ£O. Kath Walker- Chair. Section 4: Noreliffe Unitarian & Free Christian Cha Chari Commission No. 1189882 el CIO Statement of Financial Activities for the Year Ended 31 March 2025 02 2024 me and Ex nditure ncomin Resources Sunday Offenories Special Offenories Donaiions and subscriptions Sale of Wedding Stationery 3,449 2.169 235 382 399 3,848 2,786 Wedding Fees and Collection5 Chrisiensngs and Collection5 Funera15 and Collection5 8.110 1,187 5,215 450 10.875 6,925 3,200 GrAnt5 Dividends Inv¢stmeni Income Miscellaneous mi 8.688 75 8,590 uurces F.x endc Ministefs Stipend & Expenses Pulpit Supplies Caretakin¥ Sinb?erlUsher Bell Ringer Organists. Fee5 5,853 1.105 1,060 405 4,976 1,150 390 45 13,781 9,736 Rent and Insurance Gas. Electric, Water General Repairs & Equipment 1,083 3,415 1.041 3,483 9,3S7 5,997 DonatiOll5 and Subs¢ription$ GA quota 280 400 280 970 1,347 2,595 650 427 Pur¢hase of Literature. ststionery. GA attendance etc. Professional fees Sundry ¢xpen%s Refreshments Toial Re50urc 290 394 end Net Inwming Resources for the Year (1,872) (221) Other reco ised Gain5 55es Gainl(Los5) oll Investment Assets (904) 27278 Net Movement in Funds Fund Balance Brou t Forward l A r 2024 Fund Balan¢¢ Carried Forward 31 Mar 2025 (2,775) 356215 £353 439 27.057 £356 215 Inde endenl examiner's re ort to the trustees of Norcliffe Unitarian& Frtt Christian Cha el CIO I report to the trustees on my examination of th¢ ￿0Wit$ of Norcliff¢ Chapel for the year to 31 March 2025. R￿pOnsIbilitieS aDd bag19 of ￿port The charily's lrnstees are responsible for the prepardtion of the aLcounts. The charity's trustees consider that an audit is not required for this ycar under section 144 of the Charities Act 2011 (￿he Charities Act") and that an independent examination is needed. It is my responsibility to.. examine the accounls under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under seetion 145(5Xb} of the Charities Act, and to state whether p8rti¢ular matters have come to my attention Basis of indep¢Ddent examiner's gtstement My examination was Ca￿led out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. li also includes wnsid¢ration of dny unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opiniort is given as to whether the accounts present a 'tru¢ and fair. view and the report is limited lo those matters set out in the statement below. Independent exAminer'$ 8t4¢ement In connection with my examination, no materi81 matters have come to my Attention which gives me Cause to believe that in. any material respect.. the accounting rLcord5 were not kept ift a¢Lordance with section 130 of the Charities A¢t' or the accounts did nol accord with the accounting records. or the accounts did not comply wilh the applicable requirements concerning the forn) and cont¢n¢ of accounLs set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirem¢nt that the accounts give a 'true and fair, view which is not a matter considered a5 part ot an indepcndent examination. I hav¢ come across no other matters in connection with the ex8minAtion to which attention should b¢ drawn in this report in order to enable a proper understanding of the accounts to be rea¢hed. Joanne Ellerby FCMA Astute Accountancy Services 30 Welton Drive Wilmslow SK9 6HE 6, August 2025 Seetion 5: Norcliffe Unitarian & Free Christian Cha Ch4ri Commission No. 1189882 el CIO Balanee Sheet 31 March 2025 Investments 348,664 349,568 Sto¢k of Stationery for Resal¢ Barclays Bank Cu>Teni Accouni Wedding Deposits for 24125 372 9,220 945 7,720 Ne Unrestricted Fund5 per Stat¢ment of Financial Activities The above balance sheet and annexed statement of financial &¢tivities have been approved by the trusle¢s and signed on their behalf by.. Trustee TTU5tee Dale Z5 Section 6: Norcliffe Unitarian & Free Christian Cha Chari Commission No. 1189882 el CIO Notes forming part of tbe financial statements for the year ended 31 March 2025 Accounting Policies These accounts have been prepared Tn accordance with the '8tat¢m¢nt of Recommended Prartic¢- Accounting (FRSI 02) and Keportin¥ by Chariti¢s-O¢tober 2005, and the Charities Act 2011. Listed investments are included in the balance sheet at their middl¢ market value at the a¢counting date. There been no change lo the accounting policies since last year. 2.Expendlturt The statutory accounts and independent ¢xamination hav¢ be¢n prepar¢d and conducled by an Accounting professional for a fee of £300. 3.Inve8tment Assets Analysis of change in investments durin8 the year.. 2025 Market value at beginning of year Add.. purchas¢s during the year 349,568 349,568 904 Gainlloss(-) on investment assets Market value at end of year £348 664 Cost value at end of year £208 258 The Portfolio is managed on art advisory b85is by Br¢win Dolphin 8nd aft investment mana8em¢nt basis by14ar8reaves Lansdown.