REGISTERED COMPANY NUMBER: 02685658 (England and Wales) REGTERED CHARITY NUMBER: 1010244 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR THE AMMERDOWN CENTRE AD8JOS3F 13109rk024 COMPANIES HOUSE PG Owen Limi¢¢d Chartered Accountants 124 High Street er Norton en LIV*lited Chartered Accountants & Financial Advisors
THE AMMERDOWN CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial siatements of the charity for the year ended 31 December 2023. The truste¢5 have adopted the provisions of Accounting and Eieporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Page I
THE AMMERDOWN CENTRE . REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND ACTlVtTIES Objectives The original objects of the Trust as recorded in the Articles of Association in 1973 were "the advancement of the Christian ligion and the advancement of education anywhere in the world" Since then the Tru51 has developed its work in interfaith dialogue (which is recorded in the Articles as one of the ways in which the objects may be achieved) and the promotion of justice. peac¢ and reconciliation. These objects are reflected in the mission statement which the Trustees revised in 2015, and which now reads- 'The Ammerdowm Centre was set up tn 1973 as a Christian foundation. It exists to promote peace, justice and reconciliation in a safe place of hospitality where people of differing views or faiths can engage in dialogue and can pursue their journeys of prayer, faith or enquiry" The Ammerdown Centre fijlfils its charitable objectives by being a Conference and Retreat Centre which, runs its own programme of courses. lectures and ¢vents, offering a wide range of speakers - including many well known Christian leaders, welcomes external groups (both on a residential and non-residential basis) that use the facilities of the Centr¢ to carry out their own educational purposes. and welcomes private gue5tg who are seeking a quiet place where they can have time and space OD their own, &5 well as a rest. This is summaris¢d in the Ammerdown Centre's strapline., 'Amm¢rdown - Hospitality, Peace and Reconciliation,. The Amrnerdown Centre has identified its Core Values which are: Inclusivity - Sustainable solutions can only be built by safely including all stakeholders, whatever their views and whatever their past behavior. Participants. engagement wilh Ammerdown's Programme is always voluntary, willingly made, and without pressure. Extra efforts often need to be made to include, when appropriate, those who are hard to reach or who are on the margin5 of a conflict. Ammerdown commits in all its work to achieve a good diverse balance amon8St program participants. Non Vlolen¢e - Violence is counter-productive to the transforniation of conflict, and non-violent alternatives can be developed which are both human¢ and sustainable. Respect - Every human being, without exception, deserves to be trealed with equal respe¢t, and to have their dignity upheld and their human rights respected. Independence and Impartlality - Ammerdown does noi take Sides or promote specific solutions but rather acts &s an indep¢ndent and impartial facilitator who, without judgement, helps to build and transforni relationships and aid communities to fmd sustainable solutions. Cgring - Ammerdown will show kindn¢5s and con¢¢rn for all of its Customers and visitors without question. Dialogue - Dialogue is a kind of slow and thoughiful listening, combined with careful talking. It comes from a genuine attitude of respect and curiosity, combined with a commitment to work on understandin8 and try to fu]d the Ihin lines b¢tween agreement and disagreement. Hospitslity - Ammerdown has deep routed.wam, friendly reception and treatment of guests or strangers, the quality of receiving and treating guests and strangers at Ammerdown will be one of exrellenrx. Spirituality - In modern times the emphasis is on subjective experience of a sacred dimension and the "deepest values and meanings by which people live" Social Justice - Anunerdown acts as a catalyst in giving a voice to the vulnerable. We help to break do prejudices by providing opportunities for diverse people within the community lo meei together and dialogue, and advocate for change: empowering the vulnerable and enriching the community. Page 2
THE AMMERDOWN CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Ammerdown's Vision and Mlssion Are:_ Vision Ammerdown believes in a Shed world: where diversity and differen( identities are cherished.. where all can live free from the fear of violence, abuse and with dignity and respect. and where differences and conflicts are transfonned peacefvlly. Mission - Ammerdown is a Christian foundation which seeks to promote peace, justice, reconciliation and hope. We provide opportunities for learning in a safe place of hospitality, where people of differing views and faiths ¢an engage in dialogue and creativity and pursue their individual journeys of exploration, faith and prayer. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activitie5 the charity should undertake. STRATEGIC REPORT Achievement And performance The Trnstees have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the chartty's aims and objectives and in planning the Charity's future activities. In particular, the Trustees have considered how planned activities will contribute to the aims and objectives they have set. The charity carries out a wide range of activities in pursuance of its charitable aims. The Trustees consider that these activities all deliver public benefit. The Ammerdown Cours¢s planned for 2023 in¢luded Spiritual, wellbeing and Creative course4 as well as opportunities to connect with and explore diff¢rence. External bookings benefitted from a number of bookings being rolled forward from previous years where they were cancelled due to COVID. Increased communication with the leadership of groups helped to transition groups back into a public space with peace of mind. The group5 making bookings continue to predominantly be a diverse range of spiritual groups. Social Justice Activities including TLC, Cuppa and a Chat and Refreshing Days for Carers have enabled AnVn¢rd0 to connect more strongly locally. Funds were also received from BANES to help the Centre support local refugees from the Ukraine and provide Rege¢ Meet Ups. The course booking system, available through the website, was completed at the end of last year to enable ease of bookin8. Social media and the now quarterly newsletter and programme, have ¢nsured mor¢ regular communication and wid¢r contact. Flnancial revlew Principal funding sources The Trustees can advise that The Ammerdown Centre ended the year with a deficit of £157.782. The economic environment for conference and retreat centr¢5 has continued to be challenging due to the impact of COVID, particularly ' in the hospitality sector and with regard to the recruitment of slaff. Investment policy and objectlves The Finance. Risk and Audit Sub-commtttee is active 2nd the investment portfolio of the Ammerdown Centre has been managed since 2012 by Old Mill Financial Planning Ltd. Old Mill sends quarterly reports and appointed members of the Finance. Risk and Audit sub-committee meet once a year with a representative of Old Mill to review perforn)ance and risks. The reserv¢s that are not held in savings arrounts are currently invested in two separate funds managed by Old Mill.. - The Core Funds - The Bursary Fund The risk factors agreed with Old Mill for 2019 were: - Risk Group 5 for the bursary funds - Risk Group 3 for the core iThveslJnent fund5. At 31 December 2023. the value of the portfolio was £331,141 (2022..£327,979) Page 3
THE AMMERDOWN CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRATEGIC REPORT Financial review Reserves policy The Trustees continue to be of the view, as recommended by the Charity Commission, the Ammerdown Centre should maintain an appropriate level of free reserve5 (i.e. unrestricted funds not tied up in the charitabl¢ fixed assets). The Trustees have decided that the free reserves should equate to at least six months, recurring overhead expendItte i order to ensure the continuity of operations in case of unforeseen events. At 31 December 2023. the level of free reserves w&8 £254,964 (2022..£366,603), equivalent to 3 months (2022: 5 month5) of recuffing expenditlwe. The Trustees will be working to restore reserves to six months over the course of the n¢xt few years and continue to review each year the level of free reserves. Future developments There has been significant Eco investment in the gard¢n> gardening equipment and the installalion of electric car power points. Ln addition, the cottage garden has been renovated and all the confereftce rooms have been painted, There will be continued investment in the internal fabric of the centre in 2024. STRUCTURE, GOVERNANCE AND MANACEMENT Governing doeument The charity is controlled by its governing documenl, a deed of trust, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. The Ammerdown Centre Ltd is a company limited by guarantee without a share capital (Company Number: 2685658), governed by its Memorandum and Articles of Association dated l O February 1992 as amended by resolutions dated 12 May 1997, 26 November 2001 and 25 June 2007. It is a registered charity with the Charity Commission (registrarion dated 3 April 1992, under the charity number l O I0244). The charitsble company is limited by guarantee, without share capital, the guarantors being the Trustees to the exteni of £ l each. There were 8 members at rhe balance sheet date. Recruitment and appointment of new trustee$ Each prospective Trustee is invited to attend at least ory¢ Tru5tees' Meeting and to meet with th¢ Chair of Tru5t¢es prior to any appointment. This process will be reviewed in 2024. Trustees recently appointed by the Board serve or have served as other charities and are therefore already will be aware of their legal obligations under charity law, Within the limits of availability and.distance, Trustees are encouraged to help out at the Centre. Thig provides them with valuable opportunities to work alongside members of staff and volunteers, to gain insights into the day to day operations of the Centre and also to meet and talk to guests. Organisation81 structure The Board of TNstees administers the charity. The whole Board nonnally meet5 five times a year. Th¢ Trustees are in favour of forniing sub-conunittees when particular operational or strategic issues need to be looked at in depth and would benefit from input from a wide range of experience and backgrounds. Typically, these sub-committees are forn)ed on an ad-hoc basis over a short period of time and bring together members of the board, paid staff and: if appropriate, people from outside the organisation. The sub-committees bring the outcome of their reflections to the Board for discussion and, when necessary, fmal decision. The only sub-committee that operate on an ongoing basis 15 the Finance. Risk and Audit Sub-committee. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02685658 (England and Wales) Page 4
THE AMMERDOWN CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Registered Charity number 1010244 Registered offie¢ Ammerdown Park Radstock Somerset BA3 5SW Trustees Ms S Ball Retired (appointed 12.9.23) Ms C Boddington Director And Company Secretary (resigned 30.11.23) Dr S J Burgess Retired Ms S L Glanville Retired J R E A Jolliffe BarTiSter (appointed 12.9.23) Mrs D Jolliffe Property Mana8¢r (appointed 12.9.23) G Powell Revd. Rev N Tegally Minister Of Religion (appointed 12.9.23) Revd Canon A M Townshend Retired Independent Examiner PG Owen Limited Chartered Accountants 124 High Street Mid50mer Norton Bath Avon BA3 2DA Solicitors Stone King LLP 13 Queen Square Bath Somerset BAI 2HJ STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also directors of the AMmerdO Centre Limited for the purpose of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting SLindards (United Kingdom G¢n¢rally Acc¢pted Accounting PractiGe). Company law requires the TrleeS to prepare fmancial statements for each fmancial year. which give a true and fair view of the slate of affairs of the company and of its incoming Tesour¢es and application of resources, including its net income and exp¢nditure for the year. In preparing those financial statements, the Trustees are required to.. Select 5uilable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the fanCIal statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting record5 that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial starements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
THE AMMERDOWN CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Report of the trustees, incorporating a strategic report, approved by order of the board of trustses, a$ the company directors, on 12 September 2024 and signed on the board's behalf by.. Dr S J Burgess - Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AMMEIiDOWN CENTRE Independent examiner'5 report to the trustees ofThe Ammerdown Centre ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibilities gnd bAsi$ ol report As the charity's trustee$ of the Company (and also its directors for the purposes of company law) you are r¢sponsibl¢ for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Acv). Having satisfied myself that the accounts of the Company are not required ¢0 be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitys a¢counts as Carried out under Section 145 of the Charities Act 2011 {'the 201 l Act,). In carrying out my examination I have followed the Directiotis given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity5 gross income exceeded £250.000 your examiner must be a member of a listed body. I can confirni that l am qualified to undertake the examination because l am a tnember of the Inslitste of Chartered Accounlants in England and Wales, which is one of the listed bodies. I have completed my exatnination. I confm that no matters have come to my attention in connection with the ¢xamination giving fft¢ eau5e to b¢li¢ve: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act: or the accounts do not acGord with thos¢ r¢¢ords' or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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,. or the accounts have ftot been.prepared in accordance with the methods and principles of the Statement of Recommended Pra¢¢i¢e for accounting and reporting by charities (applicable 10 charities preparing their accounts in aGcordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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 e[ble a proper understanding of the accounts to be reached. lan D Gillard FCA FCCA DipPFS AIPW BFP PG Owen Ltmited Chartered Accountants 124 High Street Midsomer Norton Bath Avon BA3 2DA 12 September 2024 Owen Limited Page 7 Chafler8d Accouniants & Financial Advisors
THE AMMERDOWN CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total fidS 2022 Total funds Unrestricted fund Restricted nd Endowment fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 10.476 5,128 15,604 46,837 Charitsbl¢ aetivities Charitable activitie5 783.534 783,534 767.698 Other trading activities Invesfment income Other income ,263 27,245 6,548 8.263 27.245 6,548 28,895 17.014 26.879 Total 836,066 5,128 841,194 887,323 EXPENDITURE ON Raising funds 10,112 10,112 6,S51 Charil4ble •ctlvitles Charitable activities 984.321 8,869 993,190 881,555 Other 1,304 1,304 1,601 Total 995,737 8,869 1,004.606 889,707 Net gains/(losses) on investments 3,369 2,261 5.630 (31,363) NET INCOME/(EXPENDITURE) ' (156,302) (3,741) 2,261 (157,782) (33,747) RECONCILIATION OF FUNDS Total fwids brought fonvard 2,540,773 47.142 83,394 2,671,309 2,705,056 TOT AL FUNDS CARRtED FORWARD 2,384,471 43,401 85,655 2,513,527 2,671,309 The notes forni part of these ffftancial statements Page 8
THE AMMERDOWN CENTRE . BALA]YCE SHEET 31 DECEMBER 2023 2023 Total nds 2022 Total nds Unrestricted fund Resiricted fund Endowment fimd Note5 FIXED ASSETS Tangible assets Investments Inveslmen¢s Investment property 15 1,404,22S 1.404,225 1.453.233 16 17 249,835 810.937 81.122 330,957 810.937 325,327 810,937 2,464,997 81,122 2.546.119 2.589,497 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 18 19 4,359 40,063 53,983 4,359 40.063 101,917 19,371 58,830 135,638 43,401 4,533 98,405 43,401 4,533 146,339 213,839 CREDITORS Amounts falling due within one year 20 (178,931) (178,931) (132,027) NET CURRENT ASSETS (80,526) 43,401 4,533 (32,592) 81.812 TOTAL ASSETS LESS CURRENT LIABILITIES 2,384,471 43,401 85,655 2,513,527 2,671,309 NET ASSETS 2,384,471 43,401 85.655 2,513,527 2.671,309 FUNDS Unrestricted funds Restricted funds Endowment knds 21 2,384.471 43,401 85,655 2,540.773 47,142 83,394 TOTAL FUNDS 2,513,527 2,671,309 The charitable company 15 entitled to exemption from audit under Section 477 of th¢ Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit of its financial ststements for the year ended 31 December 2023 in accordance with Section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting CordS that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fancIal slatements which give a true and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each fmancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Charitable company. {b) The financial statements were approved by th¢ Board of Trustees and authorised for issue on 12 Sepiember 2024 and were signed on its behalf by: The notes forni part of these fmancial Statements Page 9 continued...
THE AMMERDOWN CENTRE BALANCE SHEET- continued 31 DECEMBER 2023 S J Burgess - Trustee The notes forni part of these fmancial statements Page 10
THE AMMERDOWN CENTRE "CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating activities Cash generated from operations (16.787) 29,311 Net cash (used inyprovided by operating activities (16.787) 29,311 Cash tIows from investlng aetivlties Purchase of tangible fixed assets Interest received (17.129) 195 (17.799) 109 Net cash used in investing activities (16,934) (17,690) Cash flow5 from financing activlties Repaynent of debentures (34,110) Net cash provided byl(used in) financing activitie5 {34,110) Change In cwsh and cash equlvilents In the reporting period CA$h And eash equivllents at the beginnlng of the reporting period (33,721) (22.489) 135,638 158.127 Cash and cash equlvalents at the ¢nd of the reporting period 101,917 135,638 The notes form part of these financial statements Pagell
THE AMMERDOWN CENTRE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILJATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERA TING ACTIVITIES 2023 2022 Net expenditure for the reporting period (as per the Statement of Financial Aelivities) Adjustments for: Depreciation charges (Gainylosses on investments Loss on disposal of fixed assets Interest rettived Increase l(decrease) in deferred income Decreasel(increase) in stocks Decreasel(increase) in debtors (Decrease)lincrease in creditors (157,782) (33,747) 66,135 (5,630) 67,449 35,155 287 {109> (35,634) (15,722> (16,984) 28,616 (195) 50,543 15,012 18.767 (3,637) Net eash (used in)/provlded by operations (16,787) 29,311 ANALYSIS OF CHANCES IN NET FUNDS At 1.1.23 Cash flow At31.12.23 Net cR$h Cash at bank and in hand 135,638 (33,721) 101,917 135,638 (33,721) 101,917 Total 135,638 (33,721) 101,917 The notes fomi part of these fmancial statements Page 12
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY INFORMATION The Ammerdown Centre is a private company limited by guarantee incorporated in England and Wales. The registered olCe is Ammcrdown Park, Radstock, BATH. Somerset, BA3 5SW. ACCOUNTING POLIC.IES Basis of preparing th¢ financial statements The [anCIal statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recotnmended Practice applicable to charities preparing Iheir aocounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Jantwy 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the hisrorical cost convention, with the exception of investmeThts which are included at market value, modified by the revaluation of certain assets. Incoming resources Income is recognised when the charity i5 legally entitled to it after any perfomance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perforniance conditions require deferral of the amount. Income tax recoverable in relation to donations re¢eiv¢d under Gift Atd or deeds of covenant js recognised at the time of the donation. Lesacies are recognised on receipt or oiherwise if the charity has been notified of 8n impending distribution, the arnount is kno, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income is only deferred when: Fees are received in advance of the event to which the relate. The donor specifies that the grant or donation must only be used in future accounting periods. and - The donor has imposed conditions which must be me before the charity has unconditional entitlement. Interest on fund5 held on deposit is in¢luded when receivable and the amount can be measwed reliably by the charity" thi5 15 nonnally upon notification of the in*re51 paid or repayable by the Bank. Income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the nomal course of business, net of discounts, VAT and other sales related t&xes. Resources expended Expenditure is recognised once there is È legal or constructive obligation to make a payinent to a third paty, it .1$ probably that settlement will be required and the amount of the obligation can be measured reliably. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of th¢ Charitable activiti¢s. Support costs are those costs incurred directly in support of eXpendIte on the objecls of the charity and includ¢ project management Caled out at Headquarters. Governance cosls are those incUed in connection with administration of the charity and compliance with constitutional and ststutory requirements. Grants payable are charged in the year when the offei is made except in those case5 where the offer is conditional, such as grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to condition5 which have not been met at the year end are noted as a commitmenL but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each et over its estimated useful life. Land and buildings 20/0 on cost Page 13 continued...
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES- continued Tangible fixed assets Plant and machinery Fixtures, fittings & equipment 150/0 on reducing balance, IOO/o on cost and 50/ts on cost 250/0 on reducing balance and I S0/ts on reducing balance Investment property Investment property, which is property held to eam rentals andlor for capital appreciation. is initially recognised ai cosl which includes the purchase c05t and any directly attributable expendittwe. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. Stocks Stocks are valued at the lower of cost and net reali5ablc value, after making due allowance for obsolete and Slow 'moving items. Ta%Ation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted fund$ Can be used in acGordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nacure and purpose of each fund is included in the notes to the fancIal statements. Pension cost$ and other post-retirement benefits The charitable company operates a dered contribuiion pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2023 2022 Donations and gifts Legacies receivable Grants received Government grants 13,510 2,064 30 24,784 19,908 645 1,500 15,604 46.837 OTHER TrADINC ACTIVITtES 2023 2022 Activities for generating fund funds 8.263 28,895 Page 14 continued.,.
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 INVESTMENT INCOME 2023 2022 Rental income nterest receivable Income from listed investtnents 27,050 190 16,905 103 27,245 17,014 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Activity Income resources from charitable activities Cottage rental income Charitable activities Charitable activities 767,187 16.347 749.708 17,990 783.534 767,698 RAISING FUNDS ising donations and legaeies 2023 2022 Rental expendi 14,892 6,599 Other tr2dlng gctivltles 2023 2022 Other trading activities (4,780) (3,235) Investment management ¢o$ts 2023 2022 lovestment man&gem¢nt 3,187 Aggreg&te amounts 10,112 6,551 Page 15 ontinued...
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note Support 0Sts (See note 10) Direct Costs 9) Totals Charitable activities 984,634 6,803 ,753 993,190 GRANTS PAY ABLE 2023 2022 Charitsble activities 6,803 6,746 io. SUPPORT COSTS Governance osts Charitable activities .753 11. NET iNCOME/(EXPENDITURE) Net income/(expenditure) is stated after ChargIn(crediting). 2023 2022 Independent Examinels fee Depreciation - owned assets D¢ficit on disposal of fixed assets 1,750 66,137 1,700 67,449 287 12, TRUSTEES, REMUNERATION AND BENEFJTS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trusttts, expenses There were no tntees, exp¢n5e5 paid for the year ended 31 Decemb¢r 2023 nor for the year ended 31 December 2022. 13. STAFF COSTS 2023 2022 Wages and Salaries Social security Costs Other pension costs 421,445 24,456 6,419 284,405 58,131 4,273 452,320 346,809 The average monthly number of employees during the year was as follows.. 2023 30 2022 25 Page 16 continued..
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 13. STAFF COSTS- ¢ontinued No employees received emoluments in excess of £60,000. 14. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Endowment nd Total funds INCOME AND ENDOWMENTS FROM Donations and legacies .40,645 6,192 46,837 Charitable activities Charitable activities 767,698 767,698 Other trading activities Investmeni income Other income 28,895 17,014 26,879 28,895 17.014 26,879 Total 881,131 6,192 887,323 EXPENDITURE ON Raising funds 6,551 6,551 Charitable actlvities Charitable activitie5 877,322 4,233 881,555. Other 1,601 1,601 Total 885,474 4,233 889,707 Net gainsl(losses)'on investtnents (23,195) (8,168) (31,363) NET JNCOMEI(EXPENDITURE) (27,538) 1,959 (8,168) (33,747) RECONCTLIATION OF FUNDS Total funds brought forward 2.568,311 45.183 91,562 2,705,056 TOT AL FUNDS CARRIED FORWARD 2,540.773 47,142 83,394 2,671,309 Page 17 continued...
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 15. TANGIBLE FIXED ASSETS Fixtures, fittings & equipment Land and buildings Plant and machinery Totals COST At l January 2023 Additions 1,855.900 268,744 5,457 104,257 11,672 2.228,901 17,129 At 31 December 2023 1,855,900 274.201 115,929 2,246,030 DEPRECIATION At l January 2023 Charge for year 605,879 36.918 117,528 13,30J 52,261 15,g18 775,668 66,137 At 31 December 2023 642,797 130.829 68.179 841,805 NET BOOK VALUE At 31 December 2023 1,213.103 143,372 47,750 1,404,225 At 31 December 2022 .250.021 151,216 51,996 1,453,233 16. FIXED ASSET INVESTMENTS Materlal iDvestments December 2023 122,292 16,956 37.027 Dimensional global short dated bond accumulation L&G all stocks index linked gilt index tnjst l accumulation L&G international index trust institutional accumulation L&G UK index trust institutional accumulation 17. INVESTMENT PROPERTY FAIR VALUE At l January 2023 and 31 Dec¢mber 2023 810,937 IYET BOOK VALUE At 31 December 2023 810,937 At 31 December 2022 810,937 On 02 May 2018. the fair value of the investhient property was arrived at on the basis of a valuation carried out by Allen residential nwal & country property letting agents, who are not connected with the Charity. The valuation was made on an open market value basis by location and reference to market evidence of transaction prices for similar properties. An has been applied by the directors at 31 December 2021 to Teflect the increase in property prices in Somerset per th¢ UK House Price Index. Page 18 continued...
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 31 DECEMBER 2023 18. STOCKS 2023 2022 Stocks 4.359 19,371 19. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debiors Prepayments and accrued income 6,114 33,949 36,545 22.285 40,063 58,830 20. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Social security and other taxes Other creditors Deferred income Accruals and defe¢d income 60,442 20,186 1,1 10 87,524 9.669 64,252 20,754 1,037 36,981 9,003 178,931 132,027 21. MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestricted (unds General fund 2,540,773 (156,302) 2,384,471 Restricted fund$ Restricted funds 47,142 (3,741) 43,401 Endowment funds Endowment funds 83,394 2,261 85.655 TOTAL FUNDS 2,671.309 (157,782) 2,513,527 Page 19 continued..
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 21. MOVEMENT IN FUNDS- continued Nel movement in funds. included in the above are as follows: Incoming resources Resources expended Gains and 1055es Movement in funds Unrestricted funds General fund 836,066 (995,737) 3,369 (156.302) 'Re5tricted fund$ Restricted funds 5,128 (8,869) (3,741) Endowfflent funds Endowment funds 2,261 2,261 TOTAL FUNDS 841,194 (1.004,606) 5,630 (157,782) Comparatives for movement in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestrlcted funds General fund 2,568,311 {27.538) 2,540,773 Restricted funds Restricted funds 45,183 1,959 47,l42 EDdowment funds Endowrnent funds 91,562 (8,168) 83,394 TOTAL FUNDS 2.705,056 (33,747) 2,671.309 Comparative net movement in fimds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in ndS Unrestricted funds General fund 881,131 (885,474) (23,195) (27,538) Restricted funds Restrict¢d fund5 6,.192 (4,233) 1,959 Endowment funds Endowment fLmds (8.168) (8,168) TOTAL FUNDS 887,323 (889,707) (31,363) (33,747) Page 20 continued..
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 21. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in fijnds At 31.12.23 At 1.1.22 Unrestricted funds General fund 2,568,311 (183,840) 2.384,471 Restrlcted funds Restricted funds 45,183 (1,782) 43,401 Endowment funds Endowment funds 91,562 (5,907) 85,655 TOTAL FUNDS 2,705,056 (191.529) 2,513,527 A CLwrent year 12 months and prior year 12 months cornbined net movement in fvnds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds UDr¢stri¢ted funds General fund 1,717,197 (1,881,211) (19,826) (183,840) Restrieted fund$ Restricted funds 11,320 (13,102) (1,782) Endowment funds Endowment ndS (5.907) (5,907) TOTAL FUNDS 1,728.517 (1.894.313) (25,733) (191,529) 22. RELA TED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. 23. RESTRICTED FUNDS The income fimds of the charity include restricted fjjnds comprising the following unexpended balances of donations and grants h¢ld on trust for specific purpose5". Page 21 continued...
THE AMMERDOWN CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 23. RESTIUCTED FUNDS- continued Movement in Funds Balance at I Incoming Resource5 January 2023 Resources Expanded Balance at 31 Transfers December 2023 Chapel Fund Peace Garden Interfaith Project Toilet Twining Ken Biggs Mernorial Garden 50th Birthday Fund Lord Hylton Ukraine Appeal Bar & Conference Chairs 20 410 35.233 (20) (410) 35,233 120 120 {120> (2,151) (2,471) 3,869 2,471 5,000 139 1,838 5,000 3,363 1.525 (3,502) (195) 1,330 47,142 5,128 (8,869) 43.401 Prior Year Movement in Funds Incoming Resources "Resources Expanded Balance at I January 2022 Balance at 31 Transfers December 2022 Chapel Fund Peace Garden Interfaith Project Toilet Twinnin Ken Biggs Memorial Garden 50th Birthday Fund Lord Hylton Ukraine Appeal 20 410 38,247 20 410 35,233 (3,014) (559) (631) (29) 553 500 4,000 2,500 3,869 2,471 5,000 139 .5,000 139 45,183 6,192 (4,233) 47,142 Page 22