Moriah Chapel Trust
Annual Report 2023-2024
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
Repair of side wall of the Chapel
The side wall of the chapel has been letting in water for many years. Planning permission and listed building consent has been approved to remove the lime render from the side of the building and to repair and replace with compliant materials.
The search for a suitable builder has been started by obtaining quotations for the work.
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 Nick Walters, Steve George and Jeff White
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 2024
| Unrestricted | Restricted | Endowment | Total | 2023 | Total 2022 | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||
| £ | £ | £ | £ | £ | ||
| RECEIPTS AND PAYMENTS ACCOUNT | ||||||
| Receipts | ||||||
| Property Sales | - | - | - | - | - | |
| Donations | - | - | ||||
| Rental on Properties | - | - | - | - | - | |
| Other | - | - | - | - | - | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Payments | ||||||
| Repairs | 247 | - | - | 247 | 2,216 | |
| Professional Fees | - | - | - | - | 165 | |
| Other | - | - | - | - | - | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 247 | - | - | 247 | 2,381 | ||
| - | - | - | - | - | ||
| Excess of Receipts over Payments | -247 | - | - | -247 | -2,381 | |
| Bank account 02 Aug 2023 | 55,486 | 55,486 | 57,868 | |||
| Bank account 01 Aug 2024 | 55,239 | 55,239 | 55,486 | |||
| STATEMENT OF ASSETS AND LIABILITES | ||||||
| Cash Funds | ||||||
| Bank Current Account | 55,239 | - | - | 55,239 | 55,486 | |
| 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 ENfjLAND AND WALES Moriah Chapd Trust 1190768 Receipts and payments accounts CC16a Forthe ponod from O',K*42023 31n712024 To Section A Receipts and payments Unrostricted nd5 th& re Restrlcted fund• Endowmenl nds Toui fund5 Last year Ihe rwpBt£ lolh• rwAr•8t£ to th• nurest £ toth• nBnr••t£ A1 Recelpts Propeny Sales DJnatons Rent Sub totsl(Gmss inttime for AR) A2 Assèi and Investment salès. (see table). Sub tot A3 Payments Repa 247 247 2.216 165 0th8r Sub total 247 A4 Asset and investmont purchases, {$èÈ table Sub tgtal 2.381 Net ofrecwpts/{paymentsJ A5 Transfers btheèn funds A6 Cash fund$ last y¢ar end Cash funds this year end 247 247 2.381 55.486.00 5&239 55.239 55A86
Section B Statement of assets and liabilities at the end of the period unStrIcted Re¥trfct•d Categorfes fund¥ fundB to n•arest£ Endowmènt funds to neaYo•t£ Deialls to Trwqst £ 81 Cash fund8 Total cash lun(ts 239 Unrpstrlcted fund8 Re8trtctsd funds Endowm•nt fund¥ Dotalls DÈtsil¥ Fund lowhh Currerf valu• DEtsi15 lo Ccot IoFlionall Curwtvalu8 B4 knets rfrtairwl for thg charity's own use Details F¥nd toYthi¢h liab Amountdu• nal 85 Liabilities onal S¥ned by or0 IrLAStee¥ on behawof au thE tlee5 &gnatwe Pryrt Name Date ol LQ/*/s F/ rtiic-