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2023-12-31-accounts

WELLINGTON EVANGELICAL CHAPEL FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Registered Charity Number 233810

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

INDEX

WELLINGTON EVANGELICAL CHAPEL

YEAR ENDED 31 DECEMBER 2023

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

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 DECEMBER 2023

Address: Wellington Chapel Wellington Hereford Herefordshire HR4 8AX Trustees: Mr Derek Backhouse Mr Mark Roberts Mr John Roberts Mrs Sharon Roberts Mr Stephen Stonelake (January 2024) 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

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees submit their annual report and the financial statements for the year ended 31 December 2023. 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 2023.

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: -

3

WELLINGTON EVANGELICAL CHAPEL

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 DECEMBER 2023

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

20 July 2024

4

WELLINGTON EVANGELICAL CHAPEL

REPORT OF THE INDEPENDENT EXAMINER

YEAR ENDED 31 DECEMBER 2023

I report on the financial statements of Wellington Evangelical Church (formerly Wellington Chapel and Other Trust Property) for the year ended 31 December 2023, 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 2024

5

WELLINGTON EVANGELICAL CHAPEL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

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 for the year
Funds brought forward
7
Funds carried forward
7		 General
funds
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
£
£
£
£
59,566
38,300
97,866
65,099
803
-
803
3
60,369
38,300
98,669
65,102
43,426
12,086
55,512
53,579
1,700
-
1,700
1,800
1,861
-
1,861
1,656
46,987
12,086
59,073
57,035
13,382
26,214
39,596
8,067
491,022
1,100
492,122
484,055
504,404
27,314
531,718
492,122

6

WELLINGTON EVANGELICAL CHAPEL

BALANCE SHEET

AS AT 31 DECEMBER 2023

AS AT 31 DECEMBER 2023
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 fund
Restricted funds		 2023
2022
£
£
418,689
418,801
3,969
7,964
109,780
66,144
113,749
74,108
(720)
(787)
113,029
73,321
531,718
492,122
504,404
491,022
27,314
1,100
531,718
492,122

These financial statements were approved on by the trustees on 20 July 2024 and signed on their behalf by

Trustee

7

WELLINGTON EVANGELICAL CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2023

2.
Resources expended
Charitable expenditure
Local ministry costs
Staff costs
Pulpit supply and sundry expenses
Repairs, renewals and grounds maintenance
Light and heat
Mercy fund
Evangelism (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		 General
fund
Restricted
funds
2023
2023
£
£
29,936
6,420
3,697
562
1,713
2,620
1,602
-
-
2,484
4,122
-
371
-
1,182
-
773
-
30
-		 Total funds
Total funds
2023
2022
£
£
36,356
35,145
4,259
1,258
4,333
9,761
1,602
1,876
2,484
-
4,122
3,674
371
371
1,182
536
773
708
30
250
43,426
12,086		 55,512
53,579
720
-
1,141
-		 720
660
1,141
996
1,861
-		 1,861
1,656
2023
2022
£
£
35,672
34,500
-
-
684
645
36,356
35,145
No.
No.
2
2

The trustees received no remuneration for their services.

9

WELLINGTON EVANGELICAL CHAPEL

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2023

3. Missionary giving

3.
Missionary giving
Checkpoint CYT
Day One
Fountain of Peace
Open Doors
Ukraine
4.
Tangible fixed assets
COST OR VALUATION
As at 1 January 2023
Additions
Revaluation
As at 31 December 2023
ACCUMULATED DEPRECIATION
As at 1 January 2023
Provision for the year
As at 31 December 2023
NET BOOK VALUE
As at 31 December 2023
As at 31 December 2022		 Freehold
land and
buildings
£
417,688
-
-		 2023
2022
£
£
600
600
600
600
200
-
300
300
-
300
1,700
1,800
Equipment
Total
£
£
12,098
429,786
259
259
-
-
417,688 12,357
430,045
- 10,985
10,985
371
371
- 11,356
11,356
417,688 1,001
418,689
417,688 1,113
418,801

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 2023 at the figure shown above. The original cost of the freehold premises is unknown.

10

WELLINGTON EVANGELICAL CHAPEL

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2023

5.
Debtors
Gift aid refund
Sundry debtors
6.
Creditors: amounts falling due within one
year
Accruals		 2023
2022
£
£
3,968
7,963
-
-
3,968
7,963
2023
2022
£
£
720
660
720
660
7.
Analysis of funds
General fund
Restricted funds
Specific missionary gifts fund
Pastor fund
Mercy fund
Refurbishment fund		 Opening
balance
Income
Expenditure
Closing
balance
£
£
£
£
491,022
60,369
(46,987)
504,404
-
560
(560)
-
-
6,420
(6,420)
-
-
2,790
(2,486)
304
1,100
28,530
(2,620)
27,010
492,122
98,669
(59,073)
531,718

The specific missionary gifts fund accepts donations to be forwarded to specific missions.

The pastor fund accepts donations to be used exclusively in support of the pastor of the church.

The mercy fund accepts gifts to be used exclusively for the relief of hardship among member of the congregation.

The refurbishment fund accepts donations to be used exclusively on church building maintenance, refurbishment and extension.