KENDAL UNITARIAN CHAPEL TRUST
ACCOUNTS FOR THE YEAR ENDED
31[ST] DECEMBER 2021
KENDAL UNITARIAN CHAPEL TRUST
CONTENTS
| PAGE | |
|---|---|
| INDEPENDENT EXAMINER’S REPORT | 1 |
| STATEMENT OF FINANCIAL ACTIVITIES | 2 |
| BALANCE SHEET | 3 |
| NOTES TO THE ACCOUNTS | 4-8 |
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
KENDAL UNITARIAN CHAPEL TRUST
We report on the accounts of the Kendal Unitarian Chapel Trust for the year ended 31[st] December 2021, which are attached.
Respective responsibilities of the trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts.
The charity’s trustees consider that an audit is not required for the year ended 31[st] December 2021 under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is our responsibility to:-
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examine the accounts under section 145 of the Charities Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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to state whether particular matters have come to our attention.
Basis of independent examiner’s statement
Our 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 our examination, no matter has come to our attention:
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(1) which gives us reasonable cause to believe that in, any material respect, the requirements
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to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lynn Garth Jon Simon-Norris BFP ACA Gillinggate Jackson & Graham Chartered Accountants Kendal Date Cumbria LA9 4JB
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KENDAL UNITARIAN CHAPEL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE FINANCIAL YEAR ENDED
31[ST] DECEMBER 2021
| This Year | Last Year | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Note | Funds | Funds | |
| Incoming Resources | 3 | ||
| Income from investments | 90900 | 90042 | |
| Other income | 4144 | 3809 | |
| Total income and endowments | 95044 | 93851 | |
| Resources Expended | 4 | ||
| Expenditure on raising funds | 27161 | 75477 | |
| Expenditure on charitable activities | 53185 | 53681 | |
| Other | 512 | - | |
| Total resources expended | 80858 | 129158 | |
| Net Income/(Expenditure) | 14186 | (35307) | |
| Realised Gain on investment fund | 159 | - | |
| 14345 | (35307) | ||
| Unrealised Gain/(Loss) on investment | funds | 6667 | (3082) |
| Net movement in funds | 21012 | (38389) | |
| Reconciliation of funds: | |||
| Total funds brought forward | 1292484 | 1330873 | |
| Total funds carried forward | 1313496 | 1292484 |
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KENDAL UNITARIAN CHAPEL TRUST
BALANCE SHEET AS AT 31[ST] DECEMBER 2021
| Note FIXED ASSETS Tangible assets 8 Investments 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand 11 CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS NET ASSETS FUNDS OF THE CHARITY Unrestricted funds Total Funds |
39426 19248 58674 8633 |
This Year Unrestricted Funds 253646 1009809 1263455 50041 1313496 1313496 1313496 |
Last Year Unrestricted Funds 255702 1002026 1257728 10822 29469 40291 5535 34756 1292484 1292484 1292484 |
|---|---|---|---|
The notes on pages 4 to 8 form part of these accounts.
Signature Name Date of Approval Signed by: ……………… …………………. ……………… On behalf of all the Trustees ……………… …………………. .……………...
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KENDAL UNITARIAN CHAPEL TRUST
NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED
31[ST] DECEMBER 2021
1. Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value (except that investments are shown at market value). The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16[th] July 2014, and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and with the Charities Act 2011.
2. Accounting Policies
2.1 Reconciliation with previous generally accepted accounting practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required.
2.2 Income
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(i) Recognition of income
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These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
(ii) Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
- (iii) Grants and donations
Grants and donations are only included on the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
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(iv) Tax reclaims on donations and gifts
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Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
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(v) Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
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(vi) Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.
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(vii) Investment gains and losses
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
Cont…
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KENDAL UNITARIAN CHAPEL TRUST
NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED
31[ST] DECEMBER 2021
2.3 Expenditure and Liabilities
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(i) Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
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(ii) Governance and support costs
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Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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(iii) Creditors
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The charity has creditors which are measured at settlement amounts less any trade discounts.
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2.4 Assets
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(i) Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £100. They are valued at cost. The depreciation rates and methods used are disclosed in note 8.
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(ii) Investment Properties
These are let properties included at a valuation at 31[st] December 2018 by Peill & Co, Kendal. They are not depreciated and are revalued every 5 years.
- (iii) Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at fair value (their market value) at the year end.
- (iii) Debtors
Debtors are measured on initial recognition at settlement amount after any trade discounts or amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
- Incoming Resources
| Incoming Resources Income from investments: Rental income Bank and other interest Dividends (from Investment Assets) Other income Covid grants received Sundry income From Kendal Unitarian Congregation Accounts |
This Year 89928 15 957 90900 2639 - 1505 4144 |
Last Year 88947 43 1052 90042 1600 60 2149 3809 |
|---|---|---|
Cont…
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KENDAL UNITARIAN CHAPEL TRUST
NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED
31[ST] DECEMBER 2021 (continued)
| 4. 5. |
Resources Expended This Year Last Year Unrestricted Unrestricted Funds Funds Expenditure on Raising Funds Let property expenses 8848 24968 Let property bad debts written off - 11310 Professional fees 6079 10661 Repairs to let properties 8268 25081 Property insurance 3966 3457 27161 75477 Expenditure on Charitable Activities Costs of Minister 12997 12379 Pulpit supply 1090 951 Caretaker 10899 10647 Administrator 400 850 Treasurer Honorarium - 1000 Treasurer and Property Manager 5200 2600 Fellowship Editor Honorarium - 150 Organists 1400 680 Travel expenses 126 37 Property expenses - Chapel 11871 12096 - Manse 1818 4541 Building alterations depreciation 1985 1986 Donations (Note 7) 20 20 General assembly quota 1505 1750 Governance & support costs (Note 5) 3874 3994 53185 53681 Other Received by Kendal Unitarian Congregation Accounts 512 - Governance & support costs Accountancy 2580 2568 Telephone & internet - 168 Equipment depreciation 71 90 Sundries and training 1223 1168 3874 3994 |
|---|---|
Cont…
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KENDAL UNITARIAN CHAPEL TRUST
NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED
31[ST] DECEMBER 2021 (continued)
| 6. |
Paid Employees Gross wages Employers NIC Pension costs |
This Year 30952 - 334 31286 |
Last Year 27860 - 307 28167 |
|---|---|---|---|
7. Donations The following donations were made during the year ended 31[st] December 2021:-
SLACC £20
| 8. |
Tangible Fixed Assets Computer Equipment ASSET COST/VALUE At 1stJanuary 2021 3891 Additions At 31stDecember 2021 3891 DEPRECIATION At 1stJanuary 2021 3891 Charge for year At 31stDecember 2021 3891 WRITTEN DOWN VALUE At 31stDecember 2020 - At 31stDecember 2021 - |
Computer Equipment |
Computer | Computer | Computer | Chapel Alterations |
Chapel Alterations |
Let Properties & Manse 187250 - 187250 - - - 187250 187250 |
Let Properties & Manse 187250 - 187250 - - - 187250 187250 |
Plant & Equipment 3956 - 3956 3600 71 3671 356 285 |
Total 294371 - 294371 38669 2056 40725 255702 253646 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3891 | 99274 - |
||||||||||
| 3891 | 99274 | ||||||||||
| 3891 | 31178 1985 |
||||||||||
| 3891 | 33163 | ||||||||||
| - | 68096 | ||||||||||
| - | 66111 |
Depreciation is provided for at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Chapel alterations 2% straight line basis Computer equipment 33% straight line basis Plant & equipment 20% reducing balance basis
Cont…
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KENDAL UNITARIAN CHAPEL TRUST
NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED
31[ST] DECEMBER 2021 (continued)
| 9. 10. 11. 12. |
Fixed Asset Investments Listed Investment Investments Properties Carrying value at 1stJanuary 2021 52026 950000 Acquisitions at cost 957 - Realised Gain on disposal 159 Net Gain on revaluation 6667 - Carrying value at 31stDecember 2021 59809 950000 Debtors & Prepayments This Year Last Year Other debtors 3429 1610 Prepayments 4999 4557 Other debtors (accrued rents) 30998 4655 39426 10822 Cash at Bank and in Hand This Year Last Year Cash at bank and in hand 19248 29469 Creditors & Accruals Amounts falling due within one year This Year Last Year Accruals & deferred income 8633 5535 8633 5535 Deferred income comprises rent paid in advance. |
|---|---|
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KENDAL UNITARIAN CHAPEL ANNUAL REPORT 2022
Trustees’ report July 2021 to June 2022
The trustees’ role is to manage the chapel’s financial and business affairs, and they are currently also helping to support ministry activities, and co-ordinate pastoral care and other organisational matters. During this period the trustees had their usual meetings in April and October, with additional meetings throughout the year.
A statement on the chapel’s financial situation and a let-property update can be found in the Treasurer’s report.
Other work of the trustees, 2021-22
Trustees (2021-22) – Hazel Clarke (chair), John Campbell (treasurer), Susan Blunt, Rob Crompton, Katie Hall, Fred Jordan, John Pickering, Jo Rogers, Ann Wilcox
In addition to their core financial role, this year the trustees’ remit has spread more widely as the committee has been unable to meet. Here are some updates and highlights of chapel life this year, which the trustees’ work supports. Thanks to everyone at chapel for making these happen!
Our services continue to be fresh, varied and inspiring – with Mandy and the ministry team leading services, along with many chapel members who have taken that brave step. Well done to everyone, and to all those who have helped with Sunday Service time more widely, including Debbie for providing us with tea and coffee afterwards. Thanks especially to Jo, Clare, John and others who have provided us with beautiful music to accompany our Sunday services.
The trustees have invested in improved Zoom access to the chapel services, and this continues to provide a valuable connection for those who are unable to come to the chapel in person. Thanks to Dave Green and everyone who helps with the technology.
As part of the chapel’s open weekend in June, a small sub-group of the trustees organised the re-opening celebrations for the Multi-Faith Garden of Remembrance. Thanks in particular to John P for the vibrant posters, and to Katie and John C for all their hard work. Thanks also to Sally and Marilyn for putting together the marvellous flower festival, and for all others who contributed to the chapel’s Open Weekend in any way! I hope you all enjoyed this celebratory event.
The switch to charity-run Saturday coffee mornings is going well – not only reducing the demands on our limited staffing resources, but enabling the chapel to help a number of local charities raise money.
Thanks to Bamba for his hard work in our buildings ; and to Bamba and Phil for keeping the gardens looking so lovely.
Sue Gill continues to do a great job putting our in-house digital magazine, Connections , together, and keeping us all in touch with all aspects of chapel life. John C has re-started his monthly open house (and now discussion group), which provides a valuable informal setting in which to meet and enjoy each other’s company.
In addition we’re grateful for John’s ability to relate the chapel’s history and Unitarian values to visitors, and his role in making the schoolroom facilities available to local organisations and the wider general public. All
these raise our profile in Kendal and enable us to play a greater part in our local community. The diversity of groups who share our premises are a joy – in turn, they contribute to our life at the chapel and make it a genuinely open and welcoming space for all.
Finally, I’d like to thank each and every one of the trustees for their hard work and commitment to the chapel this year, and to Barbara (and others) for taking our minutes. Each one of you brings your own skills and experience, and makes an individual contribution. I would particularly like to thank John for his work as treasurer and property manager.
You are all the often unsung heroes who have kept the financial and other wheels turning in the background – and it is this work that enables others to create a treasured spiritual space at the chapel.
Hazel Clarke 30th May 2022
Treasurer’s Report for the year 2021
The Chapel owns a number of buildings. These include not only those within the curtilage of the Chapel but also commercial properties in Finkle Street, the New Shambles and the Market Place, which were bequeathed to us or purchased in the 18th century and are thus all of a considerable age. The lock-up shops in the New Shambles were rebuilt in 1804; the shop in Finkle Street is probably of much earlier origin (though perhaps rebuilt), and the building at nos. 17–21 Market Place is also of 18th–century date. The upper floor, with its long windows, looks as if it was originally an assembly room. It is the historic ‘Caledonian Room’, where the Unitarian Baptists met in the period 1801–1817. The fine stone building at the Chapel entrance, 40 Market Place, with its beautifully designed curved staircase extension, has long since been converted for use as a shop but was built as the Manse in about 1780 on 17th-century foundations where there had previously been a continuous row of shops. The ginnel now gave entrance to the Chapel from Branthwaite Brow for the first time and the recently restored gates would appear to date from this period. All these buildings are a significant part of Kendal’s townscape and heritage and it is our responsibility to look after them. The Chapel also owns a house in Nether Street which was occupied from 2006 to 2016 as the Manse. The commercial properties are looked after by our Managing Agents, Messrs Peill & Co, whilst the house is looked after by Turner Scott.
The Chapel has two current bank accounts with the Cumberland Building Society. The Trust Account derives its income chiefly from the rent of the commercial and residential properties. In 2021 this amounted to £55,448.65, which was about £9,000 less than in 2020 as the tenant of our largest commercial property was paying a much reduced rent. The balance of the Trust Account at the beginning of 2021 was £22,282.27. Total income during the year was £58,102.53 and expenditure was £58,542.42. The resultant balance at the end of the year was £21,842.38. Expenditure from the Trust Account is concerned primarily with the following items: maintenance and refurbishment of the properties (c.£18,700); regular salaries and occasional wages (c.£28,300); payments to HMRC (c.£800); and professional and legal fees (c.£7,800). The above amounts are those paid directly from the account. It should be noted that other running costs and fees due to our Managing Agents are deducted before we receive payment of rents.
The Chapel Account is used for the day to day running of the Chapel. The balance of the account at the beginning of 2021 was £10,593.66. Income during the year was £23,973.41 and expenditure was £23,531.51. The balance therefore rose slightly to £11,035.56 at the end of the year. The main single source of income was the regular donations, which amounted to £12,340.40, on which Gift Aid is claimed, for which thanks are due to Don. Members and friends, old and new, continued to give generously to maintain the life of this ancient Chapel, which belongs to us all and plays such an important part not only in the lives of those who attend services in person and on Zoom but also increasingly in the life of this town. Income is also derived from room rental (mostly from the Schoolroom and amounting to £3,256.00) and rites of passage. Friday Prayers recommenced in March 2021 and regular use of the Schoolroom began in May. It is difficult to calculate the actual profit accruing from rental as it is impossible to assess expenditure in relation to specific items (e.g. heating of the Schoolroom). The biggest single item of expenditure from the account (£7,696.80) was for the installation of WiFi throughout the buildings and the system enabling services to be zoomed from the Chapel. Other expenditure from the Chapel account includes the various utilities (energy, telephones, waste etc), cleaning materials, window cleaning, printing of posters etc, and office supplies. The annual General Assembly quota of £35 per member (amounting to £1,505.00) also comes from this account, as do donations to the various charities we support.
The Chapel also has a Savings Account book with the Cumberland, in which there is a sum of nearly £14,000. As well as these accounts, the Chapel has investments , which are looked after by the Charities Aid Foundation
and have a value of about £50,000. Finally there is the small B Thompson Dr Holme and Ralph Ford Hall Trust with a value of about £600. Incidentally the Dr Holme referred to in this is he whose portrait hangs in the Vestry, whilst Ralph Ford Hall is the original name of the Masons’ Arms and Yard, given to the Chapel in 1777 and sold in 1941.
Update to Spring 2022
We are very fortunate to have commercial properties in the town. At present all of them are either let and occupied or lease arrangements have been agreed. In the case of 13–15 New Shambles work needs to be done inside to make it damp-proof and there is an issue at the back where damage has been caused by the owners of an adjacent building. There is also work to be done on the face of the Caledonian Room and decoration inside. Whilst we cannot control the national or world economy, it seems that the outlook for our properties is not unfavourable, especially as small independent shops are forecast to do better than multiple chain stores.
John Campbell
12th May 2022
Minister’s Report July 2020 to June 2021
We are blessed to have so many people in Chapel willing and able to take services throughout the year. We have continued the pattern of me taking one or two services each month and stepping in to fill gaps where necessary. This year I will have taken 19 services and co-ordinated 2 shared services including the extra ‘GA Reflections’ shared service in April. All services have taken place in the Chapel save for the shared services in July, August and October 2021 and January 2022. Some members and attenders are only able to attend via Zoom because of distance or infirmity and others are ‘hybrids’ who manage to attend several times a year whilst visiting the Lake District. It has been lovely to see friendships developing on and off screen. On occasions Zoom technology has let us down. It would be great if there were at least two ‘tech support’ people - one to act as welcomer and host and another to help and manage the ‘chat’, but for now I will continue to do my best for the ‘Zoomers’ whether I am sitting in the pew or in the pulpit.
Although I am the Minister we still have our Ministry Team - Ann W, Rob and John P. Ann has agreed to put together some services that could be delivered by someone else from the pulpit and will be co-ordinating the next shared service which will be delivered via Zoom. This will enable ‘Zoomers’ to take a more active part again as they did during ‘lockdown’. Thank you Rob and John for your services, for helping others put theirs together and for all that you do to support me.
Griff keeps trying to ease his way out of taking services, but Remembrance Sunday and the Carol Service are hard to let go of - thank you Griff and also for the Spring service in March.
Thanks must go (in alphabetical order) to:-
David Birkett, John Campbell, Hazel Clarke, Helen Jones, Catherine Kentridge, Trish Lindsay, Jo Rogers, Jan Smith and Rosie Whiting
who have all taken or been involved in one, two, three or even four services - or will have done so by the end of the year. It is much appreciated as is the willingness of many people to read, light the chalice, welcome people on the door, arrange and fettle the flowers and to come forward to speak from the heart at the lectern when invited to do so. We also have a recorder quartet (Jo, Sue, Pat & Denise) now who play from time to time in addition to our three organists. You are all special.
We have had just four visiting service leaders this year - Kyle McDonald from Dundee (via Zoom), Karen Balmer, Mark Rotherham and GA President Anne Mills.
I continue to send out a Zoom link and hymn sheet by email every week and also a Sunday email focusing on the service, what is happening next Sunday and ‘What’s On’ during the week. I attach electronic copies of ‘The Inquirer’ magazine (to supplement the bulk order which we subscribe to on your behalf) and links to other things that I think will be of interest. I have recently introduced a Wednesday morning Zoom Drop In session for those who want to talk about something specific or just join me for a chat. I also look after the Chapel’s Facebook page advertising our weekly services and community related events. The website needs updating, but that is a big project for us to get to grips with.
My plans for activities during the week either daytime or evening - a monthly talk or a Build Your Own Theology course, for example, have yet to come to fruition, but now that we begin to emerge properly from the pandemic perhaps the time is right. One or two have shown interest in working through Rev Erika Hewitt’s book ‘The Shared Pulpit’, so I will concentrate on that.
We had three weddings in 2021 and two in 2022, including our first same-sex wedding joining two men in marriage. Mark & Neil were overjoyed to be able to get married in a church and I co-celebrated that with a Minister from the URC. There were two baby naming ceremonies - Boheme Johnson and Honey Turner - and a service celebrating the life of the late Hugh Isherwood, one of our ‘old’ coffee morning regulars.
Rob co-ordinates pastoral care, and there are many members of the congregation who are very willing to help if anyone is in need - so do please get in touch with Rob or me if the informal channels of communication are not working well for you.
Outside of Chapel I was pleased to be able to attend the Annual General Meetings of the ‘GA’ in April with others from Chapel. I have also been to a Committee Meeting of NELUM as your voting delegate and, accompanied by Rob, to the AGM in Bury. I continue to attend a weekly ‘Heart & Soul’ gathering via Zoom led by Rev Jane Blackall from Kensington Unitarians.
Mandy Reynolds - Minister 1st June 2022