2022-12-31-accounts - Wellington Evangelical Chapel

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WELLINGTON EVANGELICAL CHAPEL FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Registered Charity Number 233810

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

INDEX

WELLINGTON EVANGELICAL CHAPEL

YEAR ENDED 31 DECEMBER 2022

	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

WELLINGTON EVANGELICAL CHAPEL

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 DECEMBER 2022

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

WELLINGTON EVANGELICAL CHAPEL

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees submit their annual report and the financial statements for the year ended 31 December 2022. 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:

For the purpose of religious worship and the preaching of the gospel and as a Sunday School;

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 2022.

Trustees

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

The charity’s trustees appoint 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: -

select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether the policies adopted are in accordance with the Statement of Recommended Practice “Accounting by Charities” and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue.

WELLINGTON EVANGELICAL CHAPEL

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

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:

Mark Roberts

Trustee

27[th] July 2023

WELLINGTON EVANGELICAL CHAPEL

REPORT OF THE INDEPENDENT EXAMINER

YEAR ENDED 31 DECEMBER 2022

I report on the financial statements of Wellington Evangelical Church (formerly Wellington Chapel and Other Trust Property) for the year ended 31 December 2022, 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:

examine the accounts under section 145 of the Charities Act,
to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
to state whether particular matters have come to my attention

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:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.

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

August 2023

WELLINGTON EVANGELICAL CHAPEL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

*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 income /(outgoings) for the year Funds brought forward Funds carried forward	*Total* *2022* *Total* *2021* £ £ 65,099 44,695 3 -
	65,102 44,695
	53,579 45,502 1,800 1,500 1,656 2,330
	57,035 49,332
	8,067 (4,637) 484,055 488,692
	492,122 484,055

WELLINGTON EVANGELICAL CHAPEL

BALANCE SHEET

AS AT 31 DECEMBER 2022

AS AT 31 DECEMBER 2022
*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	*2022* *2021* £ £ 418,801 419,172
	7,964 3,595 66,144 61,948
	74,108 65,543 (787) (660)
	73,321 64,883
	492,122 484,055

	492,122 484,055

These financial statements were approved on by the trustees on 27[th] July 2023 and signed on their behalf by

Mark Roberts

Trustee

WELLINGTON EVANGELICAL CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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.

WELLINGTON EVANGELICAL CHAPEL

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

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 Advertising *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 Trustees	*2022* *2021* £ £ 35,145 34,233 1,258 2,065 9,761 4,868 1,876 1,851 3,674 662 371 495 536 503 708 775 250 50
	53,579 45,502
	660 660 996 1,670
	1,656 2,330
	*2022* *2021* £ £ 34,500 33,398 - - 645 835
	35,145 34,233
	No. No. 2 2

2. Resources expended

The trustees received no remuneration for their services.

WELLINGTON EVANGELICAL CHAPEL

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

3. Missionary giving

3. Missionary giving Checkpoint CYT Day One Open Doors Ukraine 4. Tangible fixed assets COST OR VALUATION As at 1 January 2022 Additions Revaluation As at 31 December 2022 ACCUMULATED DEPRECIATION As at 1 January 2022 Provision for the year As at 31 December 2022 NET BOOK VALUE As at 31 December 2022 As at 31 December 2021	*Freehold* *land and* *buildings* £ 417,688 - -	*2022* *2021* £ £ 600 600 600 600 300 300 300 -
		1,800 1,500
		*Equipment* *Total* £ £ 12,098 429,786 - - - -
	417,688	12,098 429,786
	- -	10,614 10,614 371 371
	-	10,985 10,985
	417,688	1,113 418,801
	417,688	1,484 419,172

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 2022 at the figure shown above. The original cost of the freehold premises is unknown.

WELLINGTON EVANGELICAL CHAPEL

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

5. Debtors Gift aid refund Sundry debtors 6. Creditors: amounts falling due within one year Accruals	*2022* *2021* £ £ 7,963 3,500 - 95
	7,963 3,595
	*2022* *2021* £ £ 660 660
	660 660