REGISTERED CHARITY NUMBER: 213298
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024
for
Chester Diocesan Moral Aid Charity
Chester Diocesan Moral Aid Charity
Contents of the Financial Statements for the year ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Chester Diocesan Moral Aid Charity
Report of the Trustees for the year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 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
Objectives and aims
The aim of the charity is to apply its income in assisting or in promoting and carrying out welfare work among females who are in need of care or rehabilitation, particularly as a result of crime, deprivation, maltreatment or neglect or who are in danger of succumbing to moral corruption and where necessary, relieving the need, hardship or distress of the children of such females.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The work of the charity continues to be overseen by meetings of the Trustees.
The Trustees have maintained contact with the recipients of grants and have assured themselves that the charities to which grants have been made during the year are undertaking work that is of public benefit within the Dioceses of Chester and within the objectives of the Charity. All grant applications have been diligently considered in accordance with the Conflict of Interest policy and according to funds available from investments. As a consequence, grants have been made to seven charities during the year.
FINANCIAL REVIEW
Financial performance
The financial statements have been examined and a report prepared by an Independent Examiner.The financial position of the charity continues to be sound as detailed in the attached pages. The Independent examiner is Mr AE McGraa of 18 Poulton Green Close, Bebbington, Wirall, CH63 9FS.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
213298
Principal address
The Woodlands Calveley Hall Lane Tarporley Cheshire
Trustees
Rev K E Handley D R Price B Kanengoni K Pwaisiho Rev M Tanner Rev P Froggatt J Church
Approved by order of the board of trustees on 22 July 2024 and signed on its behalf by:
J Church - Trustee
Page 1
Independent Examiner's Report to the Trustees of Chester Diocesan Moral Aid Charity
Independent examiner's report to the trustees of Chester Diocesan Moral Aid Charity
I report to the charity trustees on my examination of the accounts of Chester Diocesan Moral Aid Charity (the Trust) for the year ended 31 March 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:
-
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.
A E M McGraa
18 Poulton Green Close Bebington Wirral Merseyside CH63 9FS Date: .............................................
Page 2
Chester Diocesan Moral Aid Charity
Statement of Financial Activities for the year ended 31 March 2024
| 2024 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Investment income 2 25,897 EXPENDITURE ON Charitable activities Grants 23,750 Net gains/(losses) on investments 39,416 NET INCOME/(EXPENDITURE) 41,563 RECONCILIATION OF FUNDS Total funds brought forward 790,225 TOTAL FUNDS CARRIED FORWARD 831,788 |
2023 Total funds £ 23,858 25,250 (89,710) (91,102) 881,327 790,225 |
|---|---|
The notes form part of these financial statements
Page 3
Chester Diocesan Moral Aid Charity
Balance Sheet
31 March 2024
| Notes FIXED ASSETS Investments 5 CURRENT ASSETS Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 6 Unrestricted funds TOTAL FUNDS |
2024 Unrestricted funds £ 819,048 12,740 12,740 831,788 831,788 831,788 831,788 |
2023 Total funds £ 779,632 10,593 |
|---|---|---|
| 10,593 | ||
| 790,225 | ||
| 790,225 | ||
| 790,225 | ||
| 790,225 |
The financial statements were approved by the Board of Trustees and authorised for issue on 22 July 2024 and were signed on its behalf by:
J Church - Trustee
The notes form part of these financial statements
Page 4
Chester Diocesan Moral Aid Charity
Notes to the Financial Statements for the year ended 31 March 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
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 | ||
|---|---|---|
| Investment income Deposit account interest |
2024 £ 25,336 561 25,897 |
2023 £ 23,704 154 |
| 23,858 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 5
continued...
Chester Diocesan Moral Aid Charity
Notes to the Financial Statements - continued for the year ended 31 March 2024
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| Unrestricted | ||
| funds | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Investment income | 23,858 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Grants | 25,250 | |
| Net gains/(losses) on investments | (89,710) | |
| NET INCOME/(EXPENDITURE) | (91,102) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 881,327 | |
| TOTAL FUNDS CARRIED FORWARD | 790,225 | |
| FIXED ASSET INVESTMENTS | ||
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 April 2023 | 779,632 | |
| Revaluations | 39,416 | |
| At 31 March 2024 | 819,048 | |
| NET BOOK VALUE | ||
| At 31 March 2024 | 819,048 | |
| At 31 March 2023 | 779,632 | |
| There were no investment assets outside the UK. | ||
| The historic cost or book value of the holdings are | ||
| CBF Fixed interest Securities Fund | 40,039.55 | |
| CBF Investment Fund | 283,862.82 | |
| CBF Property Fund | 60,000.00 |
5. FIXED ASSET INVESTMENTS
MOVEMENT IN FUNDS
6.
| Unrestricted funds Capital fund Accumulated fund TOTAL FUNDS |
Net movement At 1.4.23 in funds £ £ 782,712 39,416 7,513 2,147 790,225 41,563 790,225 41,563 |
At 31.3.24 £ 822,128 9,660 |
|---|---|---|
| 831,788 | ||
| 831,788 |
Page 6
continued...
Chester Diocesan Moral Aid Charity
Notes to the Financial Statements - continued for the year ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Capital fund | - | - | 39,416 | 39,416 |
| Accumulated fund | 25,897 | (23,750) | - | 2,147 |
| 25,897 | (23,750) | 39,416 | 41,563 | |
| TOTAL FUNDS | 25,897 | (23,750) | 39,416 | 41,563 |
Comparatives for movement in funds
| Unrestricted funds Capital fund Accumulated fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Capital fund - Accumulated fund 23,858 23,858 TOTAL FUNDS 23,858 |
Net movement At At 1.4.22 in funds 31.3.23 £ £ £ 872,422 (89,710) 782,712 8,905 (1,392) 7,513 881,327 (91,102) 790,225 881,327 (91,102) 790,225 Resources Gains and Movement expended losses in funds £ £ £ - (89,710) (89,710) (25,250) - (1,392) (25,250) (89,710) (91,102) (25,250) (89,710) (91,102) |
At 31.3.23 £ 782,712 7,513 |
At 31.3.23 £ 782,712 7,513 |
|---|---|---|---|
| 790,225 | |||
| 790,225 | |||
| (91,102) | |||
| (91,102) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Capital fund Accumulated fund TOTAL FUNDS |
Net movement At 1.4.22 in funds £ £ 872,422 (50,294) 8,905 755 881,327 (49,539) 881,327 (49,539) |
At 31.3.24 £ 822,128 9,660 |
|---|---|---|
| 831,788 | ||
| 831,788 |
continued...
Page 7
Chester Diocesan Moral Aid Charity
Notes to the Financial Statements - continued for the year ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Capital fund | - | - | (50,294) | (50,294) |
| Accumulated fund | 49,755 | (49,000) | - | 755 |
| 49,755 | (49,000) | (50,294) | (49,539) | |
| TOTAL FUNDS | 49,755 | (49,000) | (50,294) | (49,539) |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8
Chester Diocesan Moral Aid Charity
Detailed Statement of Financial Activities for the year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Investment income | 25,336 | 23,704 |
| Deposit account interest | 561 | 154 |
| 25,897 | 23,858 | |
| Total incoming resources | 25,897 | 23,858 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to individuals | 23,750 | 25,250 |
| Total resources expended | 23,750 | 25,250 |
| Net income/(expenditure) | 2,147 | (1,392) |
This page does not form part of the statutory financial statements
Page 9