Moriah Chapel Trust
Annual Report 2021-2022
Aim and purpose
Moriah Chapel Trust is a charity that oversees the maintenance of several properties, one of which is a listed church building located in the town of Blaenavon in South Wales.
The organisation is a registered charity and is run by the trustees.
Objectives and Activities
The primary objective of the charity is to ensure that the main property is maintained to ensure it is safe to use for religious services.
Income is derived through property rentals, property sales and donations.
Achievements and Performance
Sale of secondary property
It was decided by the trustees to place the secondary residential property up for sale, to raise funds for the maintenance of the main chapel building. This property was sold during this financial period and the proceeds paid into the bank account. The total sale price for the property was £75k.
Maintenance of Moriah Chapel
New kitchen
During the summer of 2022, the trustees updated the old kitchen with a new kitchen. Repairing damp areas in the rear wall, plastering, rewiring and redecoration. See images before and after.
Moriah Chapel Trust
Repair of stonework
Some work to the stonework at the front of the property was required due to one of the pillars that hold the main gate starting to crumble. Following an application for planning and listed building consent, the pilar and the front steps were repaired. The steps required attention as they were causing a trip hazard.
Financial Review
The main source of income was the sale of the residential property, see above.
The expenditure was mostly spent on the maintenance work described above.
Structure and governance
Trustees
The trust as a registered charity has trustees. These are:
Mr Mark Harris, Ms Sara Harris, Mr Nick Walters
The trustees are responsible for all legal, ethical, and financial matters.
Approved by the trustees and signed by Nick Walters
Moriah Chapel Trust
Financial Statement for the year ending 1 August 2022
| Unrestricted | Restricted | Endowment | Total | 2022 | Total 2021 | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||
| £ | £ | £ | £ | £ | ||
| RECEIPTS AND PAYMENTS ACCOUNT | ||||||
| Receipts | ||||||
| Property Sales | 72,995 | - | - | 72,995 | - | |
| Donations | - | |||||
| Rental on Properties | - | - | - | - | - | |
| Other | 350 | - | - | 350 | - | |
| - | - | - | - | - | ||
| - | - | - | - | |||
| 73,346 | - | - | 73,346 | 0.00 | ||
| Payments | ||||||
| Repairs | 6,487 | - | - | 6,487 | - | |
| Professional Fees | 8,131 | - | - | 8,131 | - | |
| Other | 860 | - | - | 860 | - | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 15.478 | - | - | 15,478 | - | ||
| - | - | - | - | - | ||
| Excess of Receipts over Payments | 57,868 | - | - | 57,868 | - | |
| Bank account 02 Aug 2021 | 0 | 0 | - | |||
| Bank account 01 Aug 2022 | 57,868 | 57,868 | - | |||
| STATEMENT OF ASSETS AND LIABILITES | ||||||
| Cash Funds | ||||||
| Bank Current Account | 57,868 | - | - | 57,868 | 0.00 | |
| Other Monetary Assets | - | - | - | - | - | |
| Investment Assets | - | - | - | - | - | |
| Assets retained for Church use | - | - | - | - | - | |
| Liabilities | - | - | - | - | - |
The attached notes form part of these financial statements.
Approved by the trustees and signed by Nick Walters
Moriah Chapel Trust
NOTES
-
The financial statements of the trustees have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts & Payments basis.
-
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012 that at year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.
CHARITY COMMISSION FOR ENGLANO AND WALES Morlah Chap•l Tntst 1190766 Receipts and payments accounts CC16a For the perfod from 0110812021 To 31107r2022 Section A Receipts and payments Unrostriet•d funds Restn'cted lund$ Endowmtrnt funds Totsl funds y•ar toth• b) rwrnJt£ to the r¢£ toth nwr•8tÈ A1 Recel Sales Rent Sub total(Gross in¢ome for AR) A2 Asset and investment soles. Isee table). Sub total A3Pa ents Repai Purchases 8,131 8.131 Sub total 14471 A4 Assèt and Investment Urcha. see tablè Sub total 14478 Nét of receipts/{payments) AS Transfern botween fund# A6 Cash funds la#t ar end Cash funds th1$ y•ar end .
Section B Statement of assets and liabilities at the end of the period Unrestricted fund¥ Restricted funds to n•r•At£ Endowment funds to noarvat£ Categofle Detalls 81 Cash funds CurrenlAccwrt Total cash funds Unrestriet•d fund8 to ngarMt£ Restricted funds n•aTO•t£ Endowment fund$ to Mawt£ Oetslls Fund to kh Detalls Cost{OP¢knwl) onal FvndtotknKh Cuyrertvalue Detalls B4 Assets retsined for the charity's own use Fund ttswhlch li•bfjl r•kntes *rnount du 01 When dug ona Details B5 Liabilitiès Svjned by one ortsw trustees on behaff of all the trustees Dale of roval Signature Piinl Name N Lrfls 171i1z3
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteosldirectorsl members of Moriah Chapel Trust On accounts for the year ended 3110712022 Charity no.: 1190766 Company no.: Set out on pages I'.TrrDemtei ID If11e ihe page numLef5 ol ¥d¢ilional sheets) I report to the chanty tfustees on my examination ofthe a¢counts of the Company for the year eThJed 'iYYY. Responsibilities and basis of report As the ¢harrty'$ twstees ofthe C¢)mpany (who are also the directors of the company for the purposes of company law), you are responsible for the preparion of the accounts in ardance with the requirements of the Companies Act 20C6 {Ihe 20C6 A(f}. Having satisfied Myse that the accounts of the Company are not required to be audrf(ed for this year under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under seebon 145 of the Charities Act 2011 (Ihe 2011 ACVI. In carrying out my examinion, I have followed the Direth"ons given by the Charity Commission {under section 145(5){b} of the 2011A Independent examinerfs statement tfhe MpanY'S gross income exceeded £250.0) and l am qualified to undertake the examination by being a qualified member of [Insert name of applicable listed body]l. Delete [ ] rf not applicable. I have completed my examination. I confim that no material matters have come to my attention {other than that disclosed below.) vthich gives me cause to believe that.. • accounting records were not kept in accordance with section 386 of the Companies Ad 2006; or . the accounts do not accord with such records", or . the a¢UnIS do not comply with relevant accounting requirements urmler section 396 of the Companies Act 20C6 other than any requirement that the accounts give 8 'true and fairf view which is not a matter consided as part of an independent examination. or •the accounts have not ken prepad in accordan with the Charities SORP {FRS102}. IER October 2018
I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. ' Please delete the words in the braokets rfthey do not appty. Signed: Date: Name: Relovant professional qualificationls) or body (if any): Address: E) wp Section B Disclosure Only complete If the examiner needs to highlight material matters of concern (see CC32, Independent examination of chanty accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018