**REGISTERED CHARITY NUMBER: 1191874**
## **WRAY CHAPEL**
**REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2024**
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
**WRAY CHAPEL**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
|||**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|13|
**WRAY CHAPEL**
**REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024**
|**Trustees**|Mr M D Dawson (appointed 17/10/2023)|
|---|---|
||Mrs D Huddleston (resigned 17/10/2023)|
||Mr W J Huddleston (appointed 17/10/2023)|
||Mr J M Longton|
||Mrs R Longton|
||Mr E Park (resigned 17/10/2023)|
||Mr C Preece (resigned 17/10/2023)|
||Mrs J A Sanderson (appointed 17/10/2023)|
||Mr A T Wright|
|**Principal address**|Wray Chapel|
||Hornby Road|
||Wray|
||LANCASTER|
||LA2 8QN|
|**Registered charity number**|1191874|
|**Independent examiner**|Xeinadin|
||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 YEAR ENDED 31 AUGUST 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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.
Page 2
**WRAY CHAPEL**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024**
## **Achievement and performance**
Sunday services, Sunday school and prayer meetings have taken place weekly throughout the year. The young people's meeting took place monthly and have been well attended. Bible studies and home groups have been held midweek.
The Trustees are extremely thankful to visiting speakers and those gifted within the Church who have led services and Bible Studies so faithfully during the year.
Come for Coffee, the monthly coffee morning has been well attended and been an opportunity to establish and deepen connections and friendship within the village. Drop In, our monthly youth club, resumed in July 2024 and has been encouraging to see the new faces attending.
Over the Christmas season, the Church provided a community meal for all those over sixty within the Parish and this was well attended and appreciated. The Church also led carol singing around the village and hosted the Village Carol Service as well as the usual Christmas Day service. Harvest services were held in September 2023 and a Good Friday service was held.
The Trustees have been encouraged with the continuation of new faces attending the church on a regular basis and trust they will continue to feel at home and serve within the fellowship. A further believers baptism took place in October 2023. The Trustees are thankful for a church family which spans the generations and particularly at this time for the number of babies and toddlers within the fellowship and look forward to see them grow and trust come to know and love the Lord Jesus for themselves. Lunches are held each quarter following a Sunday morning service and a BBQ took place in August 2023 providing further time together in fellowship.
The Church continues to offer pastoral support to those within the church and the wider village and community. The Church is pleased to host and support the village Parent and Toddler group which meets weekly.
In May 2024, the Church raised funds for the North West Air Ambulance through catering during the annual Scarecrow festival in the village. The church had a stall at Wray Fair, offering craft and activities for children as well as offering free literature. A treasure hunt was organised around the village in July 2024 and was enjoyed by those taking part and also provided further activities and opportunity to share the gospel back at the Chapel afterwards.
Safeguarding, GDPR, Health & safety, online safety and safe worker policies have been reviewed during the year as well as risk assessments updated in respect of the property and fire safety. All policies are reviewed regularly and risk assessments are reviewed and updated on an ongoing basis.
Practically, ongoing maintenance has continued to keep the property in a good state of repair. Further repointing has been carried out to the Sunday School building, smartening the appearance and restoring this for the future. The railings at the front of the Chapel have been repainted and work has begun to renew fences and installation of a safety barrier at the back of the Chapel.
The licence to park the Royal Mail post vans in the car park is due to be finalised in the coming weeks.
## **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 £69,018 (2023: £41,831). 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 £6,483 (2023: £6,148).
## **Future plans**
In addition to the regular services and events as detailed above, The Bible course is planned to begin in October 2024 as well as various services and events over the Christmas period.
Practically, ongoing maintenance is required to the buildings and will be carried out as and when time and the weather allows.
Page 3
**WRAY CHAPEL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024**
## **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 to manage the affairs of the Church.
Approved by order of the board of trustees on ...... October 2024 and signed on its behalf by:
......................................................................
Mr A T Wright - Trustee
Page 4
**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 year ended 31 August 2024.
## **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:
1. 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
3. 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
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
Date: ...... October 2024
Page 5
**WRAY CHAPEL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024**
|**Unrestricted**
**fund**
**Notes**
**£**
**Income and endowments from**
Donations and legacies
39,348
**Charitable activities**
Church activities
453
Investment income
2
1,578
**Total**
41,379
**Expenditure on**
**Charitable activities**
Church activities
15,494
**NET INCOME/(EXPENDITURE)**
25,885
**Reconciliation of funds**
Total funds brought forward
184,090
**Total funds carried forward**
209,975|**Restricted**
**funds**
**£**
2,709
-
-
2,709
6,320
(3,611)
7,453
3,842|**2024**
**Total**
**funds**
**£**
42,057
453
1,578
44,088
21,814
22,274
191,543
213,817|**2023**
**Total**
**funds**
**£**
41,638
418
2,471|
|---|---|---|---|
||||44,527|
||||24,444|
||||20,083
171,460|
||||191,543|
The notes form part of these financial statements
Page 6
## **WRAY CHAPEL**
## **BALANCE SHEET 31 AUGUST 2024**
|**Unrestricted**
**fund**
**Notes**
**£**
**Fixed assets**
Tangible assets
5
140,957
**Current assets**
Debtors
6
2,479
Cash at bank
67,095
69,574
**Creditors**
Amounts falling due within one year
7
(556)
**Net current assets**
69,018
**Total assets less current liabilities**
209,975
**NET ASSETS**
209,975
**Funds**
8
Unrestricted funds
Restricted funds
**Total funds**|**Restricted**
**funds**
**£**
-
-
4,055
4,055
(213)
3,842
3,842
3,842|**2024**
**Total**
**funds**
**£**
140,957
2,479
71,150
73,629
(769)
72,860
213,817
213,817
209,975
3,842
213,817|**2023**
**Total**
**funds**
**£**
142,259
2,541
49,668
52,209
(2,925)
49,284
191,543
191,543
184,090
7,453
191,543|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ...... October 2024 and were signed on its behalf by:
............................................. Mr A T Wright - Trustee
............................................. Mr M D Dawson - Trustee
The notes form part of these financial statements
Page 7
**WRAY CHAPEL**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Fixtures, fittings & equipment|- 15% Reducing balance|
|---|---|
|Computer equipment|- 25% Straight line|
## **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. Investment income**
|**Investment income**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Deposit account interest|1,578|2,471|
Page 8
**WRAY CHAPEL**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **3. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
## **4. Comparatives for the statement of financial activities**
|**Unrestricted**
**fund**
**£**
**Income and endowments from**
Donations and legacies
36,774
**Charitable activities**
Church activities
418
Investment income
2,471
**Total**
39,663
**Expenditure on**
**Charitable activities**
Church activities
16,301
**NET INCOME/(EXPENDITURE)**
23,362
**Transfers between funds**
142,793
**Net movement in funds**
166,155
**Reconciliation of funds**
Total funds brought forward
17,935
**Total funds carried forward**
184,090|**Restricted**
**funds**
**£**
4,864
-
-
4,864
8,143
(3,279)
(142,793)
(146,072)
153,525
7,453|**Total**
**funds**
**£**
41,638
418
2,471|
|---|---|---|
|||44,527|
|||24,444|
|||20,083
-|
|||20,083
171,460|
|||191,543|
Page 9
**WRAY CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **5. Tangible fixed assets**
|**5.**
**Tangible fixed assets**||||
|---|---|---|---|
|**Freehold**
**property**
**£**
**Cost**
At 1 September 2023 and
31 August 2024
133,672
**Depreciation**
At 1 September 2023
-
Charge for year
-
At 31 August 2024
-
**Net book value**
At 31 August 2024
133,672
At 31 August 2023
133,672
**6.**
**Debtors: amounts falling due within one year**
Other debtors
Prepayments
**7.**
**Creditors: amounts falling due within one year**
Other creditors
**8.**
**Movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted giving
Building fund
**TOTAL FUNDS**|**Fixtures,**
**Long**
**fittings**
**Computer**
**leasehold**
**& equipment**
**equipment**
**£**
**£**
**£**
1
10,037
95
-
1,522
24
-
1,278
24
-
2,800
48
1
7,237
47
1
8,515
71
**2024**
**£**
2,218
261
2,479
**2024**
**£**
769
**Net**
**movement**
**At 1/9/23**
**in funds**
**£**
**£**
184,090
25,885
364
11
7,089
(3,622)
7,453
(3,611)
191,543
22,274|**Totals**
**£**
143,805||
|||1,546
1,302||
|||2,848||
|||140,957||
|||142,259||
|||**2023**
**£**
2,286
255
2,541
**2023**
**£**
2,925
**At**
**31/8/24**
**£**
209,975
375
3,467|**2023**
**£**
2,286
255|
||||2,541|
||||**2023**
**£**
2,925|
|||3,842||
|||213,817||
Page 10
**WRAY CHAPEL**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **8. Movement in funds - continued**
Net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|41,379|(15,494)|25,885|
|**Restricted funds**||||
|Restricted giving|2,709|(2,698)|11|
|Building fund|-|(3,622)|(3,622)|
||2,709|(6,320)|(3,611)|
|**TOTAL FUNDS**|44,088|(21,814)|22,274|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted giving
Building fund
**TOTAL FUNDS**|**At 1/9/22**
**£**
17,935
-
153,525
153,525
171,460|**Net**
**movement**
**in funds**
**£**
23,362
364
(3,643)
(3,279)
20,083|**Transfers**
**between**
**funds**
**£**
142,793
-
(142,793)
(142,793)
-|**At**
**31/8/23**
**£**
184,090
364
7,089|
|---|---|---|---|---|
|||||7,453|
|||||191,543|
Comparative net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|39,663|(16,301)|23,362|
|**Restricted funds**||||
|Restricted giving|2,993|(2,629)|364|
|Building fund|1,871|(5,514)|(3,643)|
||4,864|(8,143)|(3,279)|
|**TOTAL FUNDS**|44,527|(24,444)|20,083|
Page 11
**WRAY CHAPEL**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **8. Movement in funds - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted giving
Building fund
**TOTAL FUNDS**|**At 1/9/22**
**£**
17,935
-
153,525
153,525
171,460|**Net**
**movement**
**in funds**
**£**
49,247
375
(7,265)
(6,890)
42,357|**Transfers**
**between**
**funds**
**£**
142,793
-
(142,793)
(142,793)
-|**At**
**31/8/24**
**£**
209,975
375
3,467|
|---|---|---|---|---|
|||||3,842|
|||||213,817|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|81,042|(31,795)|49,247|
|**Restricted funds**||||
|Restricted giving|5,702|(5,327)|375|
|Building fund|1,871|(9,136)|(7,265)|
||7,573|(14,463)|(6,890)|
|**TOTAL FUNDS**|88,615|(46,258)|42,357|
Restricted Giving are funds raised or collected specifically for other charities, organisations or individuals. These funds are passed on as soon as practical once the fundraising or collection is complete.
The Building Fund was established to facilitate the purchase of the former Wray Methodist Church site incorporating the chapel, adjacent hall, grounds, car parking and internal fixtures, fittings and equipment.The purchase was completed in December 2022 and as no secondary purpose was given in the appeal, surplus funds remained.
A resolution was unanimously passed by the Charity Trustees on 4 January 2023 to widen the purposes of the fund but to keep this as similar as possible to the intended original purpose. This resolution was given consent by the Charity Commission on 20 April 2023 under section 67A(4) of the Charities Act 2011.
The revised purposes of the Building Fund are the advancement of the Christian faith by maintaining and operating all aspects of the Chapel site as a place of worship and premises to carry out other charitable purposes of the church. For the avoidance of doubt, maintaining and operating the Chapel site, includes, but is not limited to, maintaining and replacing the fixtures and fittings in the Chapel and the equipment used there, as need be, and the payment of insurance and utility costs.
Page 12
**WRAY CHAPEL**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **9. Related party disclosures**
There were no related party transactions for the year ended 31 August 2024.
Page 13