REGISTERED CHARITY NUMBER: 1191874
WRAY CHAPEL
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
Scott & Wilkinson LLP Chartered Accountants Dalton House 9 Dalton Square LANCASTER LA1 1WD
WRAY CHAPEL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 10 |
WRAY CHAPEL
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
| Trustees | Mrs D Huddleston |
|---|---|
| Mr J M Longton | |
| Mrs R Longton | |
| Mr E Park | |
| Mr C Preece | |
| Mr A T Wright | |
| Principal address | 3 Meeting House Row |
| Hornby Road | |
| Wray | |
| LANCASTER | |
| LA2 8QN | |
| Registered charity number | 1191874 |
| Independent examiner | Scott & Wilkinson LLP |
| Chartered Accountants | |
| Dalton House | |
| 9 Dalton Square | |
| LANCASTER | |
| LA1 1WD | |
| Bankers | Virgin Money |
| 45 Penny Street | |
| LANCASTER | |
| LA1 1UE |
Page 1
WRAY CHAPEL
REPORT OF THE TRUSTEES FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
The trustees present their report with the financial statements of the charity for the period 19 October 2020 to 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
The objectives of Wray Chapel are the advancement of the Christian faith in accordance with the Basis of Faith as set out in the Constitution primarily but not exclusively within Wray and the surrounding neighbourhood and communities; and such other charitable purposes as shall, in the opinion of the Charity Trustees, put into practice the Christian faith in accordance with the Basis of Faith, provided that the advancement of such purposes must be undertaken in a manner that is consistent with the Doctrinal Distinctives and Ethical Statements as may be adopted and amended by the Church from time to time in accordance with the provisions of the Church Handbook.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the Charity’s aims and objectives.
While the Church does not have a formal grant making policy or a business plan, it supports those engaged in Christian or missionary work as well as those in financial need. Individuals and organisations are selected by the recommendation of the Trustees. They will be like-minded in their approach to the work of the Gospel and in financial need, or they will be individuals or organisations who find themselves in need of help or are helping others in need.
The Church benefits from many voluntary hours and unclaimed out of pocket expenses, contributed by a number of people. It would be impossible to place a value on these gifts in kind, for which the Trustees are extremely grateful.
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WRAY CHAPEL
REPORT OF THE TRUSTEES FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
Achievement and performance
This initial year of operating as an independent Church has been greatly overshadowed by the Covid-19 pandemic and the various level of restrictions which have been in place at different times.
Though activities have been limited, the Trustees are extremely thankful for the provision of such technology as Zoom. This has meant Sunday services, Sunday school, prayer and other meetings have continued throughout. Though never a replacement for meeting in person, to have the opportunity to meet in this way has been a great source of encouragement and the continued opportunity for fellowship during this difficult season.
The Trustees are thankful to visiting speakers and those within the Church who have led services so faithfully during this time.
The Church continues to offer pastoral support to those within the fellowship and the wider village and community. In July 2021, the Church hosted a soccer and netball school in partnership with SportsReach. 44 children took part on the school playing fields, the 19th year the event has taken place in the village.
The Church is pleased to host and support the village Parent and Toddler group which started again in September 2021.
Safeguarding and GDPR policies have been adopted in the year and will be reviewed regularly. Risk Assessments have been prepared in light of the Covid-19 pandemic.
In addition to the pandemic, much of this year has been consumed with ongoing discussions and negotiations with the Methodist Church to purchase the site within the village as a continued base for all Church activities. The Church was granted a licence in May 2021 to use the Methodist premises in Wray up to a sale completion.
The Trustees are extremely thankful for the gifts and pledges made by members of the Church. These gifts are expected to cover cost of the buildings, grounds and car parking together with the internal fixtures and equipment without the need to seek external funding or support. The Trustees are thankful too for the support and expertise of professionals, those from within the Church and the local community throughout this ongoing process.
At the date of this report, following continued negotiation, the Trustees have made an offer for the site and await to hear if this has been accepted.
Financial review
The attached financial statements provide a breakdown of the income and expenditure of the Church and show at the end of the period free reserves of £10,070. It is the policy of the Church to maintain free reserves at a level equivalent to three months of expenditure to cover running costs should income fall.
The amount recovered from HM Revenue & Customs through the Gift Aid scheme was £3,313.
Future plans
The Trustees are hopeful in a sale agreement for the former Methodist site in the coming weeks.
In light of the easing of lockdown restrictions, the Trustees are making arrangements for further activities to resume as life returns to a more normal semblance and are looking forward to identify new work and opportunities within the community.
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WRAY CHAPEL
REPORT OF THE TRUSTEES FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
Structure, governance and management
The Church is established as a Charitable Incorporated Organisation under a Constitution first adopted on 7 July 2020 and registered with the Charities Commission on 19 October 2020. The Constitution contains the main legal provisions governing the Church, its purposes and Basis of Faith, and its powers.
Under the Constitution, the people with the responsibility for the general control and management of the administration of the Church are known as the Charity Trustees and they are identified in the Constitution by reference to the office they hold in accordance with the Church Handbook.
The Church Handbook sets out the practices of the Church and its method of internal governance. It sits alongside the Constitution and both documents should be read together to understand how the Church operates. The Church Handbook must always be consistent with the Constitution – if it is inconsistent, the Constitution takes precedence.
Six Charity Trustees have been appointed at the beginning of the period to manage the affairs of the Church.
Approved by order of the board of trustees on 19 October 2021 and signed on its behalf by:
...................................................................... Mr A T Wright - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WRAY CHAPEL
Independent examiner's report to the trustees of Wray Chapel
I report to the charity trustees on my examination of the accounts of Wray Chapel (the Trust) for the period 19 October 2020 to 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
T M Preece FCCA Scott & Wilkinson LLP Chartered Accountants Dalton House 9 Dalton Square LANCASTER LA1 1WD
Date: 20 October 2021
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WRAY CHAPEL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
| Unrestricted fund Notes £ Income and endowments from Donations and legacies 18,117 Charitable activities Church activities - Total 18,117 Expenditure on Charitable activities Church activities 8,047 NET INCOME 10,070 Total funds carried forward 10,070 |
Restricted funds £ 127,800 1,320 129,120 1,872 127,248 127,248 |
Total funds £ 145,917 1,320 |
|---|---|---|
| 147,237 9,919 |
||
| 137,318 | ||
| 137,318 |
The notes form part of these financial statements
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WRAY CHAPEL
BALANCE SHEET 31 AUGUST 2021
| Unrestricted fund Notes £ Current assets Debtors 3 1,251 Cash at bank 9,499 10,750 Creditors Amounts falling due within one year 4 (680) Net current assets 10,070 Total assets less current liabilities 10,070 NET ASSETS 10,070 Funds 5 Unrestricted funds Restricted funds Total funds |
Restricted funds £ - 127,248 127,248 - 127,248 127,248 127,248 |
Total funds £ 1,251 136,747 137,998 (680) 137,318 137,318 137,318 10,070 127,248 137,318 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 19 October 2021 and were signed on its behalf by:
............................................. Mr A T Wright - Trustee
............................................. Mr E Park - Trustee
The notes form part of these financial statements
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WRAY CHAPEL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the period ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 August 2021.
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WRAY CHAPEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
| 3. Debtors: amounts falling due within one year Other debtors Prepayments 4. Creditors: amounts falling due within one year Other creditors 5. Movement in funds Unrestricted funds General fund Restricted funds Building fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Building fund Soccer and netball school TOTAL FUNDS |
Incoming resources £ 18,117 127,800 1,320 129,120 147,237 |
£ 1,002 249 1,251 £ 680 Net movement At in funds 31/8/21 £ £ 10,070 10,070 127,248 127,248 137,318 137,318 Resources Movement expended in funds £ £ (8,047) 10,070 (552) 127,248 (1,320) - (1,872) 127,248 (9,919) 137,318 |
|---|---|---|
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WRAY CHAPEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 19 OCTOBER 2020 TO 31 AUGUST 2021
6. Related party disclosures
There were no related party transactions for the period ended 31 August 2021.
Page 10