Registered Charity Number: 233810
## **WELLINGTON EVANGELICAL CHAPEL**
TRUSTEES’ REPORT
AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## **WELLINGTON EVANGELICAL CHAPEL**
## **CONTENTS**
||**Page**|
|---|---|
|**Reference and administrative information**|**1**|
|**Trustees’ Report**|**2 – 4**|
|**Statement of financial activities**|**5**|
|**Balance sheet**|**6**|
|**Notes to the financial statements**|**7 - 12**|
## **WELLINGTON EVANGELICAL CHAPEL**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mr. Derek Backhouse Mr. Mark Roberts Mr. John Roberts Mrs. Sharon Roberts Mr. Stephen Stonelake Mr. Warren Gittoes Mr. Shaun Dumbill
**Registered Charity Number**
**Principal Office Independent Examiner**
233810 Fairacre Canon Pyon Hereford HR4 8PL Bowdon Accounting Services Bartle House Oxford Court Manchester M2 3WQ
1
## **WELLINGTON EVANGELICAL CHAPEL**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
Wellington Evangelical Chapel is an unincorporated charity governed by an amended Indenture dated 15 February 2017. Trustees are appointed in accordance with the governing document and relevant legislation. The trustees meet regularly to oversee the affairs of the chapel, ensuring compliance with the charity's objectives and prudent management of its resources.
## **OBJECTIVES AND ACTIVITIES**
## **Charitable Objectives:**
The object of the charity is the advancement of the Christian evangelical Protestant religion, primarily through:
- The provision of regular public worship services;
- The preaching and teaching of the gospel of Jesus Christ;
- Sunday School and youth ministry;
- Evangelistic outreach and community events.
## **Public Benefit:**
In accordance with Section 4 of the Charities Act 2011, the trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit and believe the charity's work meets these requirements. Services are open to all members of the public regardless of background.
## **ACHIEVEMENTS AND PERFORMANCE**
In 2024, Wellington Evangelical Chapel continued its mission by holding regular Sunday worship services and midweek Bible studies. The following notable activities occurred during the year:
- **Sunday School** maintained regular attendance with curriculum tailored to age groups;
-
- **Community Outreach** events were hosted during Easter and Christmas;
- **Support Ministry** provided pastoral care to elderly and vulnerable members;
-
- Collaboration with other local churches for prayer meetings and Gospel outreach;
- Introduction of a **youth discipleship programme** on Fridays.
2
Despite challenges related to ongoing economic pressures, attendance remained stable and engagement deepened within the congregation.
## **FINANCIAL OVERVIEW**
The financial statements for the year ended 31 December 2024 are appended to this report.
**Total income** for the year was £76,140, primarily from donations and gift aid. **Total expenditure** was £74,300, largely relating to premises maintenance, ministry support, and staff costs.
The charity ended the year with **net assets of £533,528** . No material uncertainties exist regarding the charity's ability to continue as a going concern.
The trustees aim to maintain unrestricted reserves equivalent to at least 3 months of regular operating costs to ensure financial stability.
## **RISK MANAGEMENT**
Trustees actively review the major risks facing the charity. Key risks identified in 2024 include:
- **Financial sustainability** amidst rising costs;
- **Health and safety** of premises;
- **Safeguarding** of children and vulnerable adults.
Mitigating actions include adherence to safeguarding policies, building inspections, and careful budgeting.
## **PLANS FOR THE FUTURE**
The trustees plan to:
-
- Enhance local outreach efforts, including door-to-door ministry and online presence;
- Invest in modest refurbishment of church facilities;
- Expand youth and children's ministry;
-
- Strengthen partnerships with other evangelical churches in the region.
## **TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing financial statements for each financial year which give a true and fair view of the charity’s financial position and activities. In preparing those statements, the trustees must:
-
- Select suitable accounting policies and apply them consistently;
- Make reasonable and prudent judgements and estimates;
3
- Prepare the financial statements on a going concern basis unless it is inappropriate to do so.
Trustees are also responsible for:
- Keeping proper accounting records;
- Safeguarding the assets of the charity;
- Taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **APPROVAL**
07/25/2025 This report was approved by the trustees on __________________, and signed on their behalf by:
_____________________
**Mark Roberts Trustee**
4
## **WELLINGTON EVANGELICAL CHAPEL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income from:**
Donations and legacies
Investments
**Total income**
**Expenditure on:**
Charitable activities
2
Other distributions
3
Governance costs
2
**Total expenditure**
**Net Income for the year**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Unrestricted
Funds
£
63,842
1,403
65,245
63,414
3,825
600
67,839
(2,594)
504,404
501,810|Restricted
Funds
£
10,895
-
10,895
6,491
-
-
6,491
4,404
27,314
31,718|**Total Funds**
**2024**
**£**
**74,737**
**1,403**
**76,140**
**69,905**
**3,825**
**600**
**74,330**
**1,810**
**531,718**
**533,528**|Total Funds
2023
£
97,866
803
98,669
55,512
1,700
1,861
59,073
39,596
492,122
531,718|
|---|---|---|---|---|
The notes form part of these financial statements
5
**WELLINGTON EVANGELICAL CHAPEL**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Fixed Assets**
Tangible Fixed Assets
4
**Current Assets**
Debtors
5
Cash at bank and in hand
**Creditors:**Amounts falling due within on year
6
**Net current assets**
**Total assets less current liabilities**
**Funds**
Unrestricted Funds
7
Restricted Funds
7
**Total funds**|**Total Funds**
**31-Dec-2024**
**£**
**425,158**
**3,408**
**105,884**
**109,292**
**(922)**
**108,370**
**533,528**
**501,810**
**31,718**
**533,528**|Total Funds
31-Dec-2023
£
418,689
3,969
109,780
113,749
(720)
113,029
531,718
504,404
27,314
531,718|
|---|---|---|
07/25/2025
The financial statements were approved by the Board of Trustees and authorised for issue on …....................... and were signed on their behalf by :
…........................................
## **Mark Roberts Trustee**
The notes form part of these financial statements
6
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Accounting Policies**
## **Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Statement of Recommended Practice 'Accounting and Reporting by Charities' (Charities SORP FRS 102), as issued by the Charity Commission.
## **Cash flow statement**
The Management Committee has taken advantage of the exemption available under Financial Reporting Standard 1 (Revised 1996) from preparing a cash flow statement, on the grounds that the charity qualifies as small.
## **Fund accounting**
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.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is entitled to the income, receipt is probable, and the amount can be measured with reasonable accuracy.
The following specific policies apply to particular categories of income:
Voluntary income — includes grants, donations, and gifts, and is recognised in full in the SoFA when receivable. Grants that are not subject to specific performance conditions are recognised when the charity becomes unconditionally entitled to the income.
Donated services and facilities — are recognised at their estimated value to the charity, where this can be measured reliably. The value of services provided by volunteers is not included in these financial statements due to the difficulty in quantifying this contribution.
Investment income — is recognised when receivable.
Income from charitable activities — is recognised when earned. This includes grants and contracts for services where income is recognised as the charity earns the right to consideration through performance of specific activities or delivery of services.
7
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Accounting Policies (continued)**
## **Resources expended**
Expenditure is recognised on an accrual basis when a liability is incurred. It includes any VAT that is not recoverable, which is reported as part of the related expenditure category.
The principal categories of expenditure are:
Costs of generating funds – these comprise the costs incurred in attracting voluntary income, as well as those associated with fundraising trading activities.
Charitable activities – these are the costs directly related to the provision of the charity’s services and activities for its beneficiaries. This includes both direct costs and an appropriate share of support and overhead costs necessary to deliver the activities.
Governance costs – these include the costs associated with the governance of the charity and compliance with constitutional and statutory requirements. They typically include audit or independent examination fees and costs relating to strategic oversight and trustee meetings.
## **Fixed assets**
Freehold property is included in the balance sheet at cost or where this is not available at the trustees’ estimate of the value.
## **Depreciation**
Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives at the following rate:
Equipment – 25% per annum on a reducing balance basis.
No depreciation is charged on freehold property, as it is the charity’s policy to maintain the property to a standard such that its residual value is not less than its carrying amount.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. These investments typically have a maturity of three months or less from the date of acquisition or from the opening of the deposit or similar account.
8
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2 Resources Expended**
|**Charitable expenditure**
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
**Governance costs**
Independent examiner’s fee
Accounting software
**Employee information**
Wages and salaries
Social Security costs
Pension contributions
Average number of full-time equivalent employees|Unrestricted
funds
£
39,791
15,281
2,400
3,289
-
181
306
1,325
787
55
63,414
600
-
600|Restricted
funds
£
-
-
6,391
-
100
-
-
-
-
-
6,491
-
-
-|**Total funds**
**2024**
**£**
**39,791**
**15,281**
**8,791**
**3,289**
**100**
**181**
**306**
**1,325**
**787**
**55**
**69,905**
**600**
**-**
**600**
**2024**
**£**
**38,996**
**-**
**795**
**39,791**
**No.**
**2**|Total funds
2023
£
36,356
4,259
4,333
1,602
2,484
4,122
371
1,182
773
30
55,512
720
1,141
1,861
2023
£
35,672
-
684
36,356
No.
2|
|---|---|---|---|---|
9
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **3 Missionary giving**
|Checkpoint CYT
Day One
Fountain of Peace
Open Doors
Ukraine
**Tangible fixed assets**
**Cost**
At 01 January 2024
Additions
Revaluation
At 31 December 2024
**Depreciation**
At 01 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023|**Freehold land**
**and buildings**
**£**
417,688
-
-
**417,688**
-
-
**-**
**417,688**
417,688|**2024**
**£**
**550**
**750**
**2,200**
**325**
**-**
**3,825**
**Equipment**
**£**
12,357
6,775
-
**19,132**
11,356
306
**11,662**
**7,470**
1,001|2023
£
600
600
200
300
-
1,700
**Total**
**£**
**430,045**
**6,775**
**-**
**436,820**
**11,356**
**306**
**11,662**
**425,158**
418,689|
|---|---|---|---|
## **4 Tangible fixed assets**
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 2024 at the figure shown above. The original cost of the freehold premises is unknown.
## **5 Debtors**
|Gift aid refund
Sundry debtors|**2024**
**£**
**3,408**
**-**
**3,408**|2023
£
3,969
-
**3,969**|
|---|---|---|
10
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6 Creditors:amounts falling due within one year**
|Accruals
**Analysis of funds**
**Unrestricted funds**
General funds
**Restricted funds**
Specific missionary gifts fund
Pastor fund
Mercy fund
Refurbishment fund
**Total Funds**|**Balance at 01**
**January 2024**
**£**
**504,404**
-
-
304
27,010
**27,314**
**531,718**|**Income**
**£**
**65,245**
100
8,895
1,900
-
**10,895**
**76,140**|**2024**
**£**
**922**
**Expenditure**
**£**
**(67,839)**
-
-
(100)
(6,391)
**(6,491)**
**(74,330)**|2023
£
720
**Balance at 31**
**December**
**2024**
**£**
**501,810**
**100**
**8,895**
**2,104**
**20,619**
**31,718**
**533,528**|
|---|---|---|---|---|
- **7 Analysis of funds**
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.
## **8 Independent examiner's fees**
The independent examiner's remuneration amounts to an independent examiner's fee of £600 (2023 - £720)
11
## **WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9 Trustee's remuneration and expenses**
During the year ended 31 December 2024:
Three trustees were reimbursed for expenses or had expenses paid on their behalf in connection with their roles as trustees.
- The total amount reimbursed or paid to trustees was £4,025.
- •The total amount received from trustees was £4,240.
These payments related to legitimate expenses incurred for travel, ministry-related supplies, and church-related operational needs. No trustee received any remuneration for their role as trustee.
The amount received from trustees represents the reimbursement of expenses initially paid by the charity on their behalf or the return of unused funds previously advanced for ministry-related activities.
12
Registered Charity Number: 233810
## **WELLINGTON EVANGELICAL CHAPEL**
TRUSTEES’ REPORT
AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## **WELLINGTON EVANGELICAL CHAPEL**
## **CONTENTS**
||**Page**|
|---|---|
|**Reference and administrative information**|**1**|
|**Trustees’ Report**|**2 – 4**|
|**Statement of financial activities**|**5**|
|**Balance sheet**|**6**|
|**Notes to the financial statements**|**7 - 12**|
## **WELLINGTON EVANGELICAL CHAPEL**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mr. Derek Backhouse Mr. Mark Roberts Mr. John Roberts Mrs. Sharon Roberts Mr. Stephen Stonelake Mr. Warren Gittoes Mr. Shaun Dumbill
**Registered Charity Number**
**Principal Office Independent Examiner**
233810 Fairacre Canon Pyon Hereford HR4 8PL Bowdon Accounting Services Bartle House Oxford Court Manchester M2 3WQ
1
## **WELLINGTON EVANGELICAL CHAPEL**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
Wellington Evangelical Chapel is an unincorporated charity governed by an amended Indenture dated 15 February 2017. Trustees are appointed in accordance with the governing document and relevant legislation. The trustees meet regularly to oversee the affairs of the chapel, ensuring compliance with the charity's objectives and prudent management of its resources.
## **OBJECTIVES AND ACTIVITIES**
## **Charitable Objectives:**
The object of the charity is the advancement of the Christian evangelical Protestant religion, primarily through:
- The provision of regular public worship services;
- The preaching and teaching of the gospel of Jesus Christ;
- Sunday School and youth ministry;
- Evangelistic outreach and community events.
## **Public Benefit:**
In accordance with Section 4 of the Charities Act 2011, the trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit and believe the charity's work meets these requirements. Services are open to all members of the public regardless of background.
## **ACHIEVEMENTS AND PERFORMANCE**
In 2024, Wellington Evangelical Chapel continued its mission by holding regular Sunday worship services and midweek Bible studies. The following notable activities occurred during the year:
- **Sunday School** maintained regular attendance with curriculum tailored to age groups;
-
- **Community Outreach** events were hosted during Easter and Christmas;
- **Support Ministry** provided pastoral care to elderly and vulnerable members;
-
- Collaboration with other local churches for prayer meetings and Gospel outreach;
- Introduction of a **youth discipleship programme** on Fridays.
2
Despite challenges related to ongoing economic pressures, attendance remained stable and engagement deepened within the congregation.
## **FINANCIAL OVERVIEW**
The financial statements for the year ended 31 December 2024 are appended to this report.
**Total income** for the year was £76,140, primarily from donations and gift aid. **Total expenditure** was £74,300, largely relating to premises maintenance, ministry support, and staff costs.
The charity ended the year with **net assets of £533,528** . No material uncertainties exist regarding the charity's ability to continue as a going concern.
The trustees aim to maintain unrestricted reserves equivalent to at least 3 months of regular operating costs to ensure financial stability.
## **RISK MANAGEMENT**
Trustees actively review the major risks facing the charity. Key risks identified in 2024 include:
- **Financial sustainability** amidst rising costs;
- **Health and safety** of premises;
- **Safeguarding** of children and vulnerable adults.
Mitigating actions include adherence to safeguarding policies, building inspections, and careful budgeting.
## **PLANS FOR THE FUTURE**
The trustees plan to:
-
- Enhance local outreach efforts, including door-to-door ministry and online presence;
- Invest in modest refurbishment of church facilities;
- Expand youth and children's ministry;
-
- Strengthen partnerships with other evangelical churches in the region.
## **TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing financial statements for each financial year which give a true and fair view of the charity’s financial position and activities. In preparing those statements, the trustees must:
-
- Select suitable accounting policies and apply them consistently;
- Make reasonable and prudent judgements and estimates;
3
- Prepare the financial statements on a going concern basis unless it is inappropriate to do so.
Trustees are also responsible for:
- Keeping proper accounting records;
- Safeguarding the assets of the charity;
- Taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **APPROVAL**
07/25/2025 This report was approved by the trustees on __________________, and signed on their behalf by:
_____________________
**Mark Roberts Trustee**
4
## **WELLINGTON EVANGELICAL CHAPEL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income from:**
Donations and legacies
Investments
**Total income**
**Expenditure on:**
Charitable activities
2
Other distributions
3
Governance costs
2
**Total expenditure**
**Net Income for the year**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Unrestricted
Funds
£
63,842
1,403
65,245
63,414
3,825
600
67,839
(2,594)
504,404
501,810|Restricted
Funds
£
10,895
-
10,895
6,491
-
-
6,491
4,404
27,314
31,718|**Total Funds**
**2024**
**£**
**74,737**
**1,403**
**76,140**
**69,905**
**3,825**
**600**
**74,330**
**1,810**
**531,718**
**533,528**|Total Funds
2023
£
97,866
803
98,669
55,512
1,700
1,861
59,073
39,596
492,122
531,718|
|---|---|---|---|---|
The notes form part of these financial statements
5
**WELLINGTON EVANGELICAL CHAPEL**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Fixed Assets**
Tangible Fixed Assets
4
**Current Assets**
Debtors
5
Cash at bank and in hand
**Creditors:**Amounts falling due within on year
6
**Net current assets**
**Total assets less current liabilities**
**Funds**
Unrestricted Funds
7
Restricted Funds
7
**Total funds**|**Total Funds**
**31-Dec-2024**
**£**
**425,158**
**3,408**
**105,884**
**109,292**
**(922)**
**108,370**
**533,528**
**501,810**
**31,718**
**533,528**|Total Funds
31-Dec-2023
£
418,689
3,969
109,780
113,749
(720)
113,029
531,718
504,404
27,314
531,718|
|---|---|---|
07/25/2025
The financial statements were approved by the Board of Trustees and authorised for issue on …....................... and were signed on their behalf by :
…........................................
## **Mark Roberts Trustee**
The notes form part of these financial statements
6
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Accounting Policies**
## **Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Statement of Recommended Practice 'Accounting and Reporting by Charities' (Charities SORP FRS 102), as issued by the Charity Commission.
## **Cash flow statement**
The Management Committee has taken advantage of the exemption available under Financial Reporting Standard 1 (Revised 1996) from preparing a cash flow statement, on the grounds that the charity qualifies as small.
## **Fund accounting**
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.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is entitled to the income, receipt is probable, and the amount can be measured with reasonable accuracy.
The following specific policies apply to particular categories of income:
Voluntary income — includes grants, donations, and gifts, and is recognised in full in the SoFA when receivable. Grants that are not subject to specific performance conditions are recognised when the charity becomes unconditionally entitled to the income.
Donated services and facilities — are recognised at their estimated value to the charity, where this can be measured reliably. The value of services provided by volunteers is not included in these financial statements due to the difficulty in quantifying this contribution.
Investment income — is recognised when receivable.
Income from charitable activities — is recognised when earned. This includes grants and contracts for services where income is recognised as the charity earns the right to consideration through performance of specific activities or delivery of services.
7
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Accounting Policies (continued)**
## **Resources expended**
Expenditure is recognised on an accrual basis when a liability is incurred. It includes any VAT that is not recoverable, which is reported as part of the related expenditure category.
The principal categories of expenditure are:
Costs of generating funds – these comprise the costs incurred in attracting voluntary income, as well as those associated with fundraising trading activities.
Charitable activities – these are the costs directly related to the provision of the charity’s services and activities for its beneficiaries. This includes both direct costs and an appropriate share of support and overhead costs necessary to deliver the activities.
Governance costs – these include the costs associated with the governance of the charity and compliance with constitutional and statutory requirements. They typically include audit or independent examination fees and costs relating to strategic oversight and trustee meetings.
## **Fixed assets**
Freehold property is included in the balance sheet at cost or where this is not available at the trustees’ estimate of the value.
## **Depreciation**
Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives at the following rate:
Equipment – 25% per annum on a reducing balance basis.
No depreciation is charged on freehold property, as it is the charity’s policy to maintain the property to a standard such that its residual value is not less than its carrying amount.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. These investments typically have a maturity of three months or less from the date of acquisition or from the opening of the deposit or similar account.
8
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2 Resources Expended**
|**Charitable expenditure**
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
**Governance costs**
Independent examiner’s fee
Accounting software
**Employee information**
Wages and salaries
Social Security costs
Pension contributions
Average number of full-time equivalent employees|Unrestricted
funds
£
39,791
15,281
2,400
3,289
-
181
306
1,325
787
55
63,414
600
-
600|Restricted
funds
£
-
-
6,391
-
100
-
-
-
-
-
6,491
-
-
-|**Total funds**
**2024**
**£**
**39,791**
**15,281**
**8,791**
**3,289**
**100**
**181**
**306**
**1,325**
**787**
**55**
**69,905**
**600**
**-**
**600**
**2024**
**£**
**38,996**
**-**
**795**
**39,791**
**No.**
**2**|Total funds
2023
£
36,356
4,259
4,333
1,602
2,484
4,122
371
1,182
773
30
55,512
720
1,141
1,861
2023
£
35,672
-
684
36,356
No.
2|
|---|---|---|---|---|
9
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **3 Missionary giving**
|Checkpoint CYT
Day One
Fountain of Peace
Open Doors
Ukraine
**Tangible fixed assets**
**Cost**
At 01 January 2024
Additions
Revaluation
At 31 December 2024
**Depreciation**
At 01 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023|**Freehold land**
**and buildings**
**£**
417,688
-
-
**417,688**
-
-
**-**
**417,688**
417,688|**2024**
**£**
**550**
**750**
**2,200**
**325**
**-**
**3,825**
**Equipment**
**£**
12,357
6,775
-
**19,132**
11,356
306
**11,662**
**7,470**
1,001|2023
£
600
600
200
300
-
1,700
**Total**
**£**
**430,045**
**6,775**
**-**
**436,820**
**11,356**
**306**
**11,662**
**425,158**
418,689|
|---|---|---|---|
## **4 Tangible fixed assets**
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 2024 at the figure shown above. The original cost of the freehold premises is unknown.
## **5 Debtors**
|Gift aid refund
Sundry debtors|**2024**
**£**
**3,408**
**-**
**3,408**|2023
£
3,969
-
**3,969**|
|---|---|---|
10
**WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6 Creditors:amounts falling due within one year**
|Accruals
**Analysis of funds**
**Unrestricted funds**
General funds
**Restricted funds**
Specific missionary gifts fund
Pastor fund
Mercy fund
Refurbishment fund
**Total Funds**|**Balance at 01**
**January 2024**
**£**
**504,404**
-
-
304
27,010
**27,314**
**531,718**|**Income**
**£**
**65,245**
100
8,895
1,900
-
**10,895**
**76,140**|**2024**
**£**
**922**
**Expenditure**
**£**
**(67,839)**
-
-
(100)
(6,391)
**(6,491)**
**(74,330)**|2023
£
720
**Balance at 31**
**December**
**2024**
**£**
**501,810**
**100**
**8,895**
**2,104**
**20,619**
**31,718**
**533,528**|
|---|---|---|---|---|
- **7 Analysis of funds**
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.
## **8 Independent examiner's fees**
The independent examiner's remuneration amounts to an independent examiner's fee of £600 (2023 - £720)
11
## **WELLINGTON EVANGELICAL CHAPEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9 Trustee's remuneration and expenses**
During the year ended 31 December 2024:
Three trustees were reimbursed for expenses or had expenses paid on their behalf in connection with their roles as trustees.
- The total amount reimbursed or paid to trustees was £4,025.
- •The total amount received from trustees was £4,240.
These payments related to legitimate expenses incurred for travel, ministry-related supplies, and church-related operational needs. No trustee received any remuneration for their role as trustee.
The amount received from trustees represents the reimbursement of expenses initially paid by the charity on their behalf or the return of unused funds previously advanced for ministry-related activities.
12
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees** Charity Name WELLINGTON EVANGELICAL CHAPEL **On accounts for the year** 31/12/2024 **Charity no** 233810 **ended (if any) Set out on pages** 1-2 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2024. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination 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.
**Signed: Name:** Adeel Sahi **Relevant professional** ACCA **qualification(s) or body (if any): Address:** Bowdon Accounting Services Ltd Bartle House, Oxford Court,
**Date:** 14/07/2025
1
**Oct 2018**
**IER**
Manchester M2 3WQ
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of** None **any items that the examiner wishes to disclose** .
2
**Oct 2018**
**IER**