## **King Edward Street Chapel**
## **Trustee Review of 2024**
Another busy year for the Chapel.
Attendance at our Sunday Gatherings and at our Tuesday Taoist meditation has been encouraging. We continue to invite visiting Ministers to take Sunday services. It is most gratifying that members of our community step in and host on other Sundays. The Chapel was open almost every Sunday during 2024.
We are grateful for the continuing support of the Manchester District Association of Unitarian Chapels (MDA) and the General Assembly (GA) of Unitarian and Free Christian Churches. We participated in a project organised by the Unitarian Transformers.
Every last Sunday in the month and to coincide with Treacle Market we continued to hold our Open Day from 11am to 2pm. We provided refreshments for visitors free of charge and are pleased to receive donations to help with the upkeep of the Chapel.
During the year we conducted Welcomings, Weddings and Funerals.
The Chapel was rented out to groups such as the Quakers, AA and a regular singing group.
From time to time groups ask to visit the Chapel and we are always pleased to welcome then and other visitors.
Music is an important part of Chapel life. We are fortunate to have in our community a talented musician who organised concerts which were very well attended. We also hosted a concert by the Macclesfield Recorder Society.
Special thanks to our cleaner for her dedication and making the Chapel look at its best.
Our financial performance over the year has been most satisfactory. Thanks to generous legacies from Barbara Adkinson and Judith Kielty our endowment has increased significantly. Our Receipts and Payments report shows a healthy surplus, likewise our Assets & Liabilities report shows that total capital has increased by a healthy margin. We have healthy reserves in our bank accounts and are not aware of any Liabilities. We arranged for an Independent Examiner Review of our accounts.
My thanks to all in our Chapel Community and my fellow Trustees for their support and encouragement.
## **Neil Phillips – Chair of Trustees**
## **King Edward Street Chapel, Macclesfield**
**Statement of Assets and Liabilities as of 31st December 2024**
|**Assets**
**Current assets**
Current accounts with Lloyds
Cash on deposit with COIF
**Total Current assets**
**Securities**
2
**Fixed Assets**
Freehold land, buildings and conten
1
Martineau Hall car park site
1
**Liabilities**
**Debtors and Prepayments**
3
**Creditors**
4
**Total Net Assets**
**Financed by:**
Opening capital
Excess of income over expenditure
Change in value of Securities
Interest on Cash on deposit with COIF
**Total capital**|**2024**
£
57,577
59,935
**117,512**
**228,551**
0
0
**346,063**
225,579
115,045
2,941
2,498
**346,063**|**2023**
**2**
£
£
47,210
57,013
**104,223**
**121,356**
0
0
**225,579**
201,616
11,834
9,736
2,393
**225,579**|**022**
35377
54619
**89996**
**111620**
0
0
**201616**|
|---|---|---|---|
||||213108
3868
-15887
527
**201616**|
## **Notes:**
1. It is unnecessary or impracticable to attribute monetary values to these assets. The Chapel Buildings and Contents are valued for insurance purposes at £2,385,587
2. The Stock Exchange Securities comprise:
|e Securities comprise:||||
|---|---|---|---|
||**2024**|**2023**|**2022**|
|10981 COIF Income Units|222,841|115,963|106,058|
|230 M&G Charifund Units|3,528|3,210|3379|
|2022 M&G Charibond Fixed Interest Units|2,182|2,183|2183|
|**Total**|**228,551**|**121,356**|**111,620**|
3. Debtors and prepayments. There were none in 2023 or 2024
4. Creditors. There were none in 2023 or 2024
I report to the trustees on my examination of the aG¢ounts for the year to 31" December 2024.
Ro8ponslbilltie8 and basls of report
The charity's trustees are responsible forthe prep8ration of the accounts. The charity's trustees
¢onsider that an audit is nor required lor this year under section 144 of the Charities Act 20111"th8
Charitl8s Act'l and that an independent oxamin8tion is needed.
It is my rfjsponsibility to..
examine the accounts under section 145 of the Ch8rltles Act,
to follow the procedures laid down in the general Directions given by the Charity Commission
(under section 14515llbl of the Charities Act, and
to 8tate whether particuL8r matters have Gomato my attention
Ba81¥ of Indapendant exomlner's statemont
My examination w88 carried out in accordance with general Dlre¢tion$ given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts PTesented wlth those records. It also includes consideration of any
unusual items or disclosures in the accounts and seéking explanations from the trustees conc8rning
any such matters. The proc8dures 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 8 'tru8 8nd18ir'
V8W 8nd the report is limited to those matters set out in the 8t8tement below.
Indop¢ndent examln•r'8 $tstamont
In connection with my 8xamin8tion. no material m8tter8 havg come to my attention which gives me
cguse to believe that in, 8ny material respect..
the a¢eoLtnting records w8r8 riot kept in accordance with section 130 of the Charities Act. or
the accounts did not accord with the accounting records,. or
the 8CCOUllts did not complywith the 8pplic8ble requirements concerningthe form and content
of 8ccounts set out in the Charities (Accounts and Reports) Regulatlons 2008 other than any
requir8ment that the accounts give 8 'truo and 18ir' view which is not a matter considered 88 part
of an irsdependenf examination.
I 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 propor understanding of the accounts to be reached,
J08nne Ellerby FCMA
Astute Accountancy Servio¢s Limlted
30 Welton Drive
Wilmslow
SK96HE
7" July 2025