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2020-12-31-accounts

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Registered Charity Number 233810

Skingle Helps & Co Chartered Accountants 28 Southway Carshalton Beeches Surrey SM5 4HW

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

INDEX

YEAR ENDED 31 DECEMBER 2020

Page
Legal and administrative information 1
Report of the trustees 2 - 3
Report of the independent examiner 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 – 10

1

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 DECEMBER 2020

Address: Wellington Chapel
Wellington
Hereford
Herefordshire
HR4 8AX
Trustees: Mr Derek Backhouse
Rev Gordon Bingham
Rev Richard Mansell
Mr Mark Roberts
Mr John Roberts
Mrs Sharon Roberts
Bankers: Lloyds TSB Bank plc
6-8 High Town
Hereford
HR1 2AQ
Accountants: Skingle Helps & Co
Chartered Accountants
28 Southway
Carshalton Beeches
Surrey
SM5 4HW

2

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees submit their annual report and the financial statements for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (issued 2005) in preparing the annual report and the financial statements of the charity.

The charity is constituted by indenture dated 5 October 1898 as amended on 15 February 2017.

The charity’s objects are:

Activities

The charity was established with the aim of promoting the evangelical protestant religion and this is continued through public worship on the Lord’s Day and other meetings during the week, including meetings for children and young people.

Results

The attached financial statements disclose the financial position of the charity at 31 December 2020.

Trustees

The trustees in office during the year and at the date of this report are set out on page 1.

Trustees are appointed by the charity’s trustees.

Responsibilities of the trustees

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of its financial activities during the year then ended. In preparing those financial statements the trustees are required to:-

3

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

Approved by the trustees and signed on their behalf by:

Trustee

13[th] August 2021

4

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

REPORT OF THE INDEPENDENT EXAMINER

YEAR ENDED 31 DECEMBER 2020

I report on the financial statements of Wellington Evangelical Church (formerly Wellington Chapel and Other Trust Property) for the year ended 31 December 2020, which are set out on pages 5 to 10.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).

The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

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.

John Helps BSc ACA Skingle Helps & Co 28 Southway Carshalton Beeches Surrey SM5 4HW

August 2021

5

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Incoming resources
Income from:
Donations:
Offerings including gift aid refund
Bank interest
Total
Resources expended
Expenditure on:
Charitable activities
Costs in furtherance of the charity’s objects:
Charitable expenditure
2
Other distributions
3
Other
2
Total
Net (outgoings) / income for the year
Funds brought forward
Funds carried forward		 Total
2020
Total
2019
£
£
42,486
41,119
-
21
42,486
41,140
52,349
37,610
4,000
1,634
1,603
1,385
57,952
40,629
(15,466)
511
504,158
503,647
488,692
504,158

6

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

BALANCE SHEET

AS AT 31 DECEMBER 2020

AS AT 31 DECEMBER 2020
Note
Fixed assets
Tangible fixed assets
4
Current assets
Debtors
5
Lloyds TSB Bank account
Creditors: amounts falling due within one year
6
Net current assets
Net assets
Funds
7
General account		 2020
2019
£
£
419,667
419,896
3,500
3,474
66,155
81,418
69,655
84,892
(630)
(630)
69,025
84,262
488,692
504,158
488,692
504,158
488,692
504,158

These financial statements were approved on by the trustees on 13[th] August 2021 and signed on their behalf by

Trustee

7

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Wellington Evangelical Church is an unincorporated charity registered in England and Wales. The principal address is Wellington Chapel, Wellington, Hereford, Herefordshire, HR4 8AX.

Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK ad Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Standard of Recommended Practice for charities applying FRS102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies form 1 January 2015. The charity is a Public Benefit Entity as defined by FRS102.

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention, modified to include the revaluation of fixed assets. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Funds

The general account includes Sunday offerings and other unrestricted gifts which may be used for any purpose within the terms of the trust deed. Other gifts received for specified purposes are recorded in restricted funds as appropriate.

Depreciation

Freehold property is included in the balance sheet at cost or where this is not available at the trustees’ estimate of the value. No depreciation is provided in respect of freehold property.

Depreciation on equipment is provided at a rate of 25% per annum on a reducing balance basis.

Incoming resources

Offerings are accounted for on receipt. Donations and legacies are accounted for when due.

Resources expended

Expenditure is accounted for as amounts fall due.

Charitable expenditure comprises all expenditure directly related to the objects of the charity. Governance costs comprise expenditure related to the cost of compliance with statutory requirements.

8

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

Resources expended
Charitable expenditure
Local ministry costs
Staff costs
Pulpit supply and sundry expenses
Repairs, renewals and grounds maintenance
Light and heat
Youth work (including Camp)
Depreciation of equipment
Church insurance
Telephone
Adverts
FIEC
Other costs
Independent examiner’s fee
Accounting software
Employee information
Wages and salaries
Social Security costs
Pension contributions
Average number of full time equivalent employees		 2020
2019
£
£
33,549
24,668
-
4,785
13,720
3,088
2,421
2,505
821
933
659
735
465
450
564
350
50
96
100
-
52,349
37,610
630
630
973
755
1,603
1,385
2020
2019
£
£
32,962
24,228
-
-
587
440
33,549
24,668
No.
No.
2
2

2. Resources expended

Trustees

The trustees received no remuneration for their services.

9

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

3. Missionary giving
Missionary giving
Checkpoint CYT
Day One
Leprosy Mission
OMF – Japan
Open Doors
K P Dimond		 2020
2019
£
£
550
600
100
-
250
-
500
600
300
300
2,300
134
4,000
1,634
4.
Tangible fixed assets
COST OR VALUATION
As at 1 January 2020
Additions
Revaluation
As at 31 December 2020
ACCUMULATED DEPRECIATION
As at 1 January 2020
Provision for the year
As at 31 December 2020
NET BOOK VALUE
As at 31 December 2020
As at 31 December 2019		 Freehold
land and
buildings
Equipment
Total
£
£
£
417,688
11,668
429,356
-
430
430
-
-
-
417,688
12,098
429,786
-
9,460
9,460
-
659
659
-
10,119
10,119
417,688
1,979
419,667
417,688
2,208
419,896

All fixed assets are used in the direct furtherance of the charity’s objects.

The freehold premises were valued by the trustees at their existing use value on 31 December 2020 at the figure shown above. The original cost of the freehold premises is unknown.

10

WELLINGTON EVANGELICAL CHAPEL (Formerly WELLINGTON CHAPEL AND OTHER TRUST PROPERTY)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

5.
Debtors
Gift aid refund
6.
Creditors: amounts falling due within one
year
Accruals		 2020
2019
£
£
3,500
3,474
3,500
3,474
2020
2019
£
£
630
630
630
630