REGISTERED CHARITY NUMBER: 1192206
QUERNMORE CHAPEL
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Scott & Wilkinson Dalton House
9 Dalton Square LANCASTER LA1 1WD
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CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
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REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022
| Trustees | Mr R G Woodhouse |
|---|---|
| Mr M R Burr | |
| Mr D Whitaker | |
| Mr B Harris | |
| Mr B Carter | |
| Principal address | 2 Rock Cottage |
| Rigg Lane | |
| Quernmore | |
| LANCASTER | |
| LA2 9EJ | |
| Registered charity number | 1192206 |
| Independent examiner | Scott & Wilkinson |
| Dalton House | |
| 9 Dalton Square | |
| LANCASTER | |
| LA1 1WD | |
| Bankers | Virgin Money |
| 45 Penny Street | |
| Lancaster | |
| LA1 1UE |
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QUERNMORE CHAPEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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
Objectives and aims
The object of Quernmore Chapel is the advancement of Christian faith for the public benefit, in accordance with the statement of faith in the schedule primarily but not exclusively within Quernmore and the surrounding neighbourhood; and such other charitable purposes as shall, in the opinion of the Charity Trustees put into practice the Christian faith in accordance with the statement of faith, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
Public benefit
The main activities in relation to these objectives are the organisation of church meetings, the organisation of bible studies and organising events available to the community.
The trustees consider that they have complied with the duty in section 4 of the Charities Act 2012 to have due regard to the public benefit guidance published by the Charity Commission.
Financial review
The charity does not have a formal reserves policy however it is the policy of the charity to maintain balances at a level equivalent to approximately two months expenditure to cover church running costs, should income fall.
Free reserves at the year end were £31,268 (2021 - £7,739).
No funds are in deficit.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The main governing document of the Charity is set out in CIO document registered 6 November 2020.
New trustees are appointed/reappointed by the members.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... Mr B Harris - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF QUERNMORE CHAPEL
Independent examiner's report to the trustees of Quernmore Chapel
I report to the charity trustees on my examination of the accounts of Quernmore Chapel (the Trust) for the year ended 31 March 2022.
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
-
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 Dalton House 9 Dalton Square LANCASTER LA1 1WD
Date: .............................................
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Period | ||||||
|---|---|---|---|---|---|---|
| 6/11/20 | ||||||
| Year Ended | to | |||||
| 31/3/22 | 31/3/21 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| Income and endowments from | ||||||
| Donations and legacies | 2 | 37,285 | 9,085 | 46,370 | 11,240 | |
| Investment income | 3 | 13 | - | 13 | - | |
| Total | 37,298 | 9,085 | 46,383 | 11,240 | ||
| Expenditure on | ||||||
| Charitable activities | 4 | |||||
| Church activities | 13,769 | 2,189 | 15,958 | 3,501 | ||
| NET INCOME | 23,529 | 6,896 | 30,425 | 7,739 | ||
| Reconciliation of funds | ||||||
| Total funds brought forward | 7,739 | - | 7,739 | - | ||
| Total funds carried forward | 31,268 | 6,896 | 38,164 | 7,739 |
The notes form part of these financial statements
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QUERNMORE CHAPEL
BALANCE SHEET 31 MARCH 2022
| Unrestricted Restricted fund funds Notes £ £ Fixed assets Tangible assets 8 401 - Current assets Debtors 9 7,183 1,250 Cash at bank 24,346 5,646 31,529 6,896 Creditors Amounts falling due within one year 10 (662) - Net current assets 30,867 6,896 Total assets less current liabilities 31,268 6,896 NET ASSETS 31,268 6,896 Funds 11 Unrestricted funds Restricted funds Total funds |
2022 Total funds £ 401 8,433 29,992 38,425 (662) 37,763 38,164 38,164 31,268 6,896 38,164 |
2021 Total funds £ - - 7,739 |
|---|---|---|
| 7,739 - |
||
| 7,739 | ||
| 7,739 | ||
| 7,739 | ||
| 7,739 - |
||
| 7,739 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr B Carter - Trustee
............................................. Mr B Harris - Trustee
The notes form part of these financial statements
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QUERNMORE CHAPEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 2. Donations and legacies Gifts and donations Building fund gifts Gift aid 3. Investment income Deposit account interest 4. Charitable activities costs Church activities 5. Grants payable Church activities The total grants paid to institutions during the year w Sportsreach NISCU Prostate Cancer UK Echoes International Stroke Association |
Period 6/11/20 Year Ended to 31/3/22 31/3/21 £ £ 30,731 11,240 5,000 - 10,639 - 46,370 11,240 Period 6/11/20 Year Ended to 31/3/22 31/3/21 £ £ 13 - Grant funding of activities Direct (see note Support Costs 5) costs Totals £ £ £ £ 7,393 8,445 120 15,958 Period 6/11/20 Year Ended to 31/3/22 31/3/21 £ £ 8,445 3,360 as as follows: Period 6/11/20 Year Ended to 31/3/22 31/3/21 £ £ 6,000 3,000 918 360 198 - 491 - 338 - 7,945 3,360 |
Period 6/11/20 Year Ended to 31/3/22 31/3/21 £ £ 30,731 11,240 5,000 - 10,639 - 46,370 11,240 Period 6/11/20 Year Ended to 31/3/22 31/3/21 £ £ 13 - Grant funding of activities Direct (see note Support Costs 5) costs Totals £ £ £ £ 7,393 8,445 120 15,958 Period 6/11/20 Year Ended to 31/3/22 31/3/21 £ £ 8,445 3,360 as as follows: Period 6/11/20 Year Ended to 31/3/22 31/3/21 £ £ 6,000 3,000 918 360 198 - 491 - 338 - 7,945 3,360 |
|---|---|---|
| 3,360 |
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QUERNMORE CHAPEL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
6. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the period ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the period ended 31 March 2021.
7. Comparatives for the statement of financial activities
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| fund | funds | funds | ||
| £ | £ | £ | ||
| Income and endowments from | ||||
| Donations and legacies | 11,240 | - | 11,240 | |
| Expenditure on | ||||
| Charitable activities | ||||
| Church activities | 3,501 | - | 3,501 | |
| NET INCOME | 7,739 | - | 7,739 | |
| Total funds carried forward | 7,739 | - | 7,739 | |
| 8. | Tangible fixed assets | |||
| Computer | ||||
| equipment | ||||
| £ | ||||
| Cost | ||||
| Additions | 534 | |||
| Depreciation | ||||
| Charge for year | 133 | |||
| Net book value | ||||
| At 31 March 2022 | 401 | |||
| At 31 March 2021 | - |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 9. | Debtors: amounts falling due within one year | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| £ | £ | ||||
| Trade debtors | 8,433 | - | |||
| 10. | Creditors: amounts falling due within one year | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Trade creditors | 662 | - | |||
| 11. | Movement in funds | ||||
| Net | |||||
| movement | At | ||||
| At 1/4/21 | in funds | 31/3/22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 7,739 | 23,529 | 31,268 | ||
| Restricted funds | |||||
| Building fund gifts | - | 5,286 | 5,286 | ||
| Specific gifts fund | - | 1,610 | 1,610 | ||
| - | 6,896 | 6,896 | |||
| TOTAL FUNDS | 7,739 | 30,425 | 38,164 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 37,298 | (13,769) | 23,529 | ||
| Restricted funds | |||||
| Building fund gifts | 6,250 | (964) | 5,286 | ||
| Specific gifts fund | 2,835 | (1,225) | 1,610 | ||
| 9,085 | (2,189) | 6,896 | |||
| TOTAL FUNDS | 46,383 | (15,958) | 30,425 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
11. Movement in funds - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| in funds | 31/3/21 | |
| £ | £ | |
| Unrestricted funds | ||
| General fund | 7,739 | 7,739 |
| TOTAL FUNDS | 7,739 | 7,739 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,240 | (3,501) | 7,739 |
| TOTAL FUNDS | 11,240 | (3,501) | 7,739 |
The building fund relates to funds set aside by the Church to be used for the potential future purchase of a church building and sunday school room.
12. Related party disclosures
There were no related party transactions for the year ended 31 March 2022.
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