Charity registration nurnber 1049357 {EnBland and Wales) COR LUMEN CHRISTI TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
COR LUMEN CHRISTI TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Regan F Labnez J Stayne (Appointed 28 February 20251 Charlty number IEn8land •nd Wales) 1049357 Prlnclpal address Highh"eld House St John's Way Chertsey Surrey 16 88Z Independent examlner Jennifer McDèirmant. FCA 26 High Street Annan Oumfries & Galloway OG12 6AJ
COR LUMEN CHRISTI TRUST CONTENTS Page Trustees, report Independent examiner's report Statement of financial artivities 8alance sheet Notes to the financial ststements 8-17
COR LUMEN CHRISTI TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their annual report and financial statements for the year ended 30 September 2024. The financial statements have been prepared in accordance with the accountin8 policies set out in note I to the financial statements and comply with the eharitV'5 Declaration of Trust, the Charities Act 2011 and "Accounring and Reporting by Charities.. Statement of Recommended Practice applit8ble to charities preparing their accounts in accordance with the Financial ReporDng Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended fof accounting periods commencing from l January 20161 OblertE¥es and artlvttles The charity s objects as stated In the Declaration of Trust a as follows.. "The Trustees sh311 hold the trust fund and its income upon trust to apply them for the following objects which may be carried out anywhe in the world and which shall be undertaken primarily through the life ènd work of a residenb'al commun¢ty or residential communities e5tabli5hed in the name of the Charity in accordance with the doctrines and practices of the Roman Catholit Church.. 'The advancement of the Christian religion and education and the relief of sufferin8 and poverty Our Charism Statement is: "To be the heart and light of Christ through Dlvlne Communlon.. This is expressed In our mlssion by.. buildin8 praying communlties around the Holy Eucharist which are a prophetr"c sign of the Kingdom of God; reaching out to others. especially Catholics, to empower. encourage and equip them to have an intynate Divlne Communion with God 3nd to realise their full baptismal inheritante through Life in the Splrlt- identr"fyin8 Wlth, ministering to and sharin8 Wlth ihe poor and needy. The trustees have paid due re8ard to guidance issued by the Charity Commisslon In decidin8 what activities the charity should undertake.
COR LUMEN CHRISTI TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance St Cuthbert, In 2001 the Cor et Lumen Christi Community completed the purchase of the former Convent of Mercy in Wigton, Cumbria In order to establish a new community base in the North of England. The property had been empty for nea rly ten years and was in need of major refurbishment and repair. Sinte then. the community has worked to estsblish the community and its mission in and from the North. St Cuthbert's currently has eight residential members, ten Companions of the Heart and nine memr$ of the Mission Fellowship. Three year5 a80, we were given the whole ONLINE conference to run. These events have been very pcpular. with many drawing several hundred parricipants from over 60 countriesl last year) around the world, providing simultaneous translations. Our weekly Prophetic appointments are going well and are in demand among people. slots quickly bein8 full, Praise God. We conts'nue to provide ongoing formation for youth through the ASCÉNT. a three year discipleship program for 15 - 18 year olds. The fruit of this Process in the youn8 people is very inspirlng to obserye. We also do a community thildren formation called Anchor and its very popular and a great supwrt for community kids and friends. We have plans to sta rt catechism program for kids in community at St Cuthberts which is excitin8. We had one family moved out from St Cuthbert5 for family ieasons and relocation. We had some building works - openin8 a way in the cloister to access the newly bought buikJin& and we bulld a new kltchen in the new win8 to adapt a family in the h.rst floor of the newly acquired building. We are still in the process of opening the wall between two 8ardens which will help our kids to play and grow together also which enables our Communion. We had some maintenance done - windows replaced In the old convent , some roof and wall repair which improved the quality. We had some repair of the tarmac in front of Old convent and in the inside garden pavements. We are looklng forward to do some maintenance/roof repalrs in the cloister area of the building. All buildin8 works are dependent on funds raised through donarions and gifts. Income from the conferences and regylar donatr'ons help to cover running expenses and maintenance. We have a significant growth in our regular 8iver5 over last 2 and half years. Ascentl our youth discipleship program) is running well which is also contributing in terms of money, Praise God. We are looking forward for the oncoming year for the general success of the ministry and needs of the community includin8 all house works. Hallelujah I
COR LUMEN CHRISTI TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Highfield House The residential community took up residence at HighfÉeld House on 23 September 1995 and completed the purchase of the property a year later on 23 September 1996. As well as providing a home for the SIdential community, Highfield House is used for meetings with the wider non-sIdential tommunity. for teaching courses and various activities in accordance with the objects of the Trust. Highfi"eld House. during this tinancial period. had 23 residential members Inot tounting children) including: 7 families. 3 priests- 5 single men and I single woman. We completed alterations to a dormitory to create new accommodation for singles and seminarians which included kitchenettel dining area for singles, seminarians. consecrated vocations and priests. We also divided the main conference room converting it into separate sitting room and media room. All building works in Highfield House are dependent on funds raised through donations and gifts. We continLJe to rely on income from the conferences and regular donations to help cover the running tosts and maintenance of the building and residentt.al community. In all of this we were sUPPOrted by the very generous donations of our benefactors. We continue to run events normally every month, each event ministering to approximately 150 - 500 people. Outreaches in the UK include regular Fire and Light evening5 of prayer and AdOnOn Chert5ey as well as involvement in charismatr"c services organised by other groups. We have prophecy/prayer appointments Iwhich have proved very popularl and also continued with street ministry in local neighbourhoods. International Report The International Ministry continues to grow. Events are still about one per month with many manythousands attending over the year. The team events abroad are growing in number and si. The Community house in Hungary is becoming established and is holding three sizeable events each year. The communities in Poland and Croaria a being established MO securely. In the last year we haNE run several events in Poland and a large event in Croatia. We are very thrilled to continue to see great signs and wonders accompanying the proclamation of the word. In this fi.nancial year, over 72,(MXJ people attended our events. Financlal review The charity's income consists primarily of gifts and donations from many sources including contributions from members of the community. The charity's expenses ton515t rnainly of the running costs and upkeep and pair of both Highh'eld House in Surrey and St Cuthbert's in Cumbria. the ministry of the community and modest administraiive costs. Many help us in our work and members and friends generously give their services free of charge. During the year to 30 September 2024 the charity made an e¥cess of income over expenditure of £5,C6512023.. £122.3241. It is the policy of the charity that nStricted fund5 which have not been designated for a specifi.c use should be maintained at a level suffitient to meet its objectives. The balance held at 30 September 2024 was £293,29612023'. £965,493), of whTrch £526.73912023= £540.3511 are unrestricted free reserves.
COR LUMEN CHRISTI TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Plans for future periods Over the coming months and years we plèn to develop and extend Highfield House with the project's estimated cost being £1 rnillion. We plan to carry out fundraising activities and allocate funds in order to complete these purchases. Structure, governance and management The charity is an unincorporated body formed by a DeclaNtion of Trust dated 15 August 1995 and is registered with the Charity Commission under number 1049357. The trustees who served during the year and up to the date of Signatu of the financial statements were.. D Stayne IResigned 7 November 20231 G Evenhuis IResigned 6 June 20241 A Thampy IResigned 28 February 20251 G Regan F Laine2 L Janowicz IResigned 28 February 20251 IAppointed 28 February 20251 J Stsyne Future trustees are appointed by a resolution of all the trustees. The trustee ' report was approved by the Board of Trustees. Jst ne Trustee Date..
COR LUMEN CHRISTI TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COR LUMEN CHRISTI TRUST I report to the trustees on my examination of the financial Statements of Cor Lumen Christi Trust Ithe charity) for the year ended 30 September 2024. Re5ponslbllltles and basls of report As the trustees of the charity you are responsible for the preparation of the financial ststements In accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial ststements carried out under 5ectDn 145 of the Charlties Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commisslon under section 1451511bl of the Charities Act 2011. Independert eumlner's statement Since the charitV'5 gross income exceeded £250,CKK), the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualih'ed to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. Your attention is drawn to the fact that the charity hos prepared the financial ststements In accordance with the relevant version of the Ststement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accountin8 and Reporhng by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the extant reguladons but has now been withdrawn. l understand that this has been done In order for the financlal statement5 to provide a true and faSr vlew in accordance with UK Generally Accepted Accountin8 Practice. I have completed my examlnation. I confirm that no matter5 have come to my attention In connecilon with the examination 8ivin8 me cause to believe that in any material Spect.. accountin8 retords were not kept in respect of the charity as reqUId by sectlon 130 of the Charitie5 Act 2011. the h'nancial statements do not accord with those records- or the financial statements do not comply with the applicable requlrements concerning the form and content of h'nancial statements set out In the Charities IAccounts and Reports) Regulations 2Tr)8 other than any requIremt that the fi'nancial Statements give a true and fair view, which is not a matter considered as part of an independent examlnation. I have no concerns and have tome ècr055 no other matters In connection with the examinatlon to whith attention should be drawn in th55 report in order to enable a proper understandin8 of the h'nancial statements to be hed. Jennlfer McDalrmant, FCA 26 Hlgh Street Annan Dumfries & Galloway DG12 6 Date:
COR LUMEN CHRISTI TRUST STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unre5trirted Unrestrirted funds funds general deslgnated 2024 2024 Restricted Total Total funds 2024 2024 2023 In wm Donarions and legacies vi confence and ministry 552,093 46.536 598,629 657,051 67.186 45.137 112.323 105,949 Investments Other income 1.743 8.558 1,743 8,558 1,572 4,995 Total income 629,580 45,137 46,536 721.253 769,567 Charitable actrvities Conference and ministry Residential Community 123.781 499.914 58,241 182.022 537,675 215,385 415,605 37.761 Totsl charltable expendlture 623,695 58,241 37,761 719.697 630.990 Other resources expended 23.207 23,207 16,253 Totsl resources expended 646,902 58,241 37,761 742.904 647,243 Net loutgoingllincoming resources beft>re transfers 117.3221 113.1041 8.775 121,6511 122,324 Gross transfer5 between funds 3,710 13,7101 Net {expenditurel/income fi>r the yearl Net movement in funds 113,6121 113,1041 5,065 {21.6511 122,324 Fund balances at l Ortober 2023 540.351 136.912 288,231 965,494 843.169 Fund balance5 at 30 September 2024 526.739 123.808 293,296 943,843 965,493 The statement of h'nancial activities includes all 1n5 and losses recognised in the year. The statement of financial activities includes all gains and105ses recogni5ed in the year. All income and expenditure derive from continuing activities.
COR LUMEN CHRISTI TRUST BALANCE SHEET AS AT30SEPTEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 12 746,264 750,542 Current 455etS Debtors Cash at bank and in hand 1,467 218,284 199,859 199,859 12,2801 219,751 14,8001 Credltor5: amounts falllng due wlthln one year 13 Net current assets 197,579 214,951 Total assets less current114bSlltles 943,843 965.493 The funds ot the ch4rSty Restricted income funds Unrestrbcted funds- general Unrestricted funds- designated Is 293,296 526,739 123.808 288,230 540.351 136,912 14 943,843 965,493 The financSal statements were approved by the trustees on . 417/os J Stayn Tru5¢ee
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles Charlty inforrnatlon Cor Lumen Christi Trust was formed by a Declaraiion of Trust dated 15 August 1995 and is registered with the Charity Commission under number 1049357. 1.1 Accountlng con¥entlon The hnancial statement5 have been prepared in accordance with the charity'5 Declaration of Trust, the Charities Act 2011 and "Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accountin8 periods commencin8 from l January 20161. The charity is a Public Beneht Entity as defined by FRS 102. The charity has taken advantage of the provlsSons in the SORP for charities applyin8 FRS 102 Update BUllen I not to prepare a Statement of Cash Flows. The h'nancial statements have departed from the Charities (Accounts and Reports) Regulations 2D38 only to the extent required to provide a true and fair view. This departure has involved following the Ststement of Re(Dmrnended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to In the Regulations but which has since been withdrawn. The financlal statements are prepared In sterllng, whSch Is the functional currency of the charity. Monetary amounts In these financial statements are rounded to the neafest £. The h"nancial statements have been prepared under the historical cost convention. Imodifi'ed to indude the revaluation of freehold properties and to include investment properties and certain financial in5trument5 at falr valuel. The princlpal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the linancial statements, the trustees have a 050nable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the fi'nancial statement5. 1.3 Charltable funds Unrestricted funds are avallable for use at the dlscretion of the trustees Sn furtherance of their charltable objectives. Restricted funds are subject to spectfi'c conditions by donors or grantors as to how they may be used. The purposes and uses of the StrICted funds are set out in the notes to the h'nancial statements. 1.4 Incorne Income is recognised when the charity is legally entitled to it after any performance condition5 have been met, the amounts can be measured reliably, and It Is probable that income wlll be received. Cash donations a recognised on (eIpt. Other donations a recognised once the charlty has been notilied of the donation. unless performance conditions require deferral of the amount. Incorne tax recoverable in relation to donations received Ljnder Gift Aid or deeds of covenant is (08n1$e at the time of the donation. Legacies a recognised on ceipt or otherwise rf the chartty has been notilied of an impending distribution, the mount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting po15cles (Contlnuedl 1.5 Expenditure Liabilities are e0815ed as soon as there is a legal or constructive obligatt.on committing the charity to pay out resources. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It include5 both the direct costs and the support costs relating to these activitie& 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subseouently MeasUd at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their SIdUal values over their useful lives on the following bases= Freehold prorty Property improvements Fixtures and lithngs Straight line over 50 years Straight line over IS years Straight line over 3-20 years The gain or loss arising on the disposal of an asset is determined as the dtfference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed asset5 At each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an Trmpaim)ent loss. If any Such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment105s lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three month5 or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instrument5 The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to aliSe the asset and settle the liability simultaneously. 8aslcflnanciol 055ets Basic financial asset5, which include debtors and cash and bank balances, are initially measured at transaction price including tran(tiOn costs and are subsequently carried at amortised cost using the effective Inte5t method unless the arrangement constitutes a financing transaction, where the transaction is measured at the pre5ert value of the future receipts discounted at a market rate of inte$t. Finèncial a55ets classifi.ed as receivable wthin one year are not amortised.
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles Icontlnuedl 8oskfinanclol Ilubllllles Basic fi'nancial lièbilities, including creditors and bank loans are initially reco8nised at transaction prlce unless the arrangement constitute5 a financing transaction. Whe the debt instrument is measud at the presert value of the future payments discounted at a market rate of inte5t. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired In the ordlnary course of operations from suppliers. Amounts payable are clas5ih.ed as current liabilities if payment is due within cme year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effectr've interest method. Derec<wnltlon ofllnonclql Ilabillrfes Financial liabilities are derecognised when the charity's contractual obligations expire or are dlscharged or cancelled. 1.10 Employee beneffts The cost of any unused holiday entttlement is reco8nised in the period In whlch the employee's seNice5 are received. Termlnadon benefi'ts are recognised Immedlately as an expense when the charity 15 demonstrably committed to terminate the employment of an employee or to provide termination benefits. Crltlcal accountlng estlmates and Judgements In the applicatlon of the charity's accounting pollcles. the trustees a required to make judgements, esttmates and assumptions about the carrylng amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are consSdered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptrons are reviewed on an ongoing basis. Revisions to accountin8 estimates are recognised in the period in which the estimate is revised where the revision affects only that periLYi, or in the perlod of the revision and futu periods where the revision affects both current and future periods. Income from donatlons and le8acles Unrestrfrted lunds 2024 Restrlrted fvnds 2024 Total Unrestrfrted funds Re5trSrted fvnds Total 2024 2023 2023 Z023 Donations and gifts 552,093 46.536 598.629 567.452 89,599 657,051 Donatfons and 8bfts Donarions and gifts Gift aid 478.381 73,712 46.536 524.917 73.712 535,049 32.403 89,599 624.648 32,403 552,093 46,536 598,629 567.452 89,599 657,051 10-
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from investments Unrestrirted funds 2024 Unrestrlcted funds 2023 Other income 1,743 1.572 Other income Unrestricted funds 2024 Unrestricted fvnds 2023 Other income 8,558 4,995 11
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charitsble artivities Conference Residentlal and rninistry Cornmunity 2024 2024 Total 2024 Total 2023 Depfeclation and Impalrment Weekend and conference expenses Donations and gifts Other ministry expenses Telephone Website Travel expense5 Light, heat and water Household supplies and allowance Insurance of equipment Council tax 46,220 30.650 46,220 111,364 58,241 9,971 953 2,549 24.399 67,679 206,551 2.460 11,668 62.756 20 44.591 67,543 108,963 10,027 7,996 6,618 19,575 57,767 186.219 7,842 22,492 87,631 3,726 80.714 58,241 9,971 953 2,549 23,543 856 67.679 200,500 2,460 11.668 62,756 20 114.866 6,051 Repairs and malntenance Other Other charitable expenditure 114,866 182.022 537,675 719,697 630,990 182,022 537,675 719,697 630,990 Analys15 by lund Unrestricted funds general UnrestrScted funds . designated Restrlcted fund5 123,781 58,241 499,914 623.695 58,241 37,761 568,624 40,215 22,151 37.761 182.022 537,675 719,697 630,990 For the year ended 30 September 2023 Unrestricted funds- general Unrestricted funds- desi8nated Restricted funds 175,170 40,215 393,454 568,624 40,215 22,151 22,151 215,385 415,605 630,990 12-
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs Support Costs Governance costs 2024 2023 Depretiation 9.748 9,748 4.426 Independent examiner fees Office supplies Bank interest Annual insurance 2.646 2.970 2.245 5.598 2.646 2,970 2,245 5,598 2,520 6,311 2.996 23,207 23.207 16,253 Analysed between Other resources expended 23,207 23,207 16,253 Net movement in funds 2024 2023 The net movement in funds is stated after char8in8/lcreditingl'. Fees payable for the independent examination of the charity's h'nancial statements Depreciation of owned tangible h'xed assets 2.646 55,968 2,520 49.017 Trustees The trustees received remuneration of £nil12023= £nil} for work carried out on behalf of the charity durin8 the year. No trustees, expenses were paid for the year12023= none}. Three of the trustees who reside in the charity's residential premises received contributM)ns from the charity toward their living expenses in their capacity as residents of the charity's premises and neClarieS of the charity's charitable activities on the same basis as the other residential community members. io Employee5 There were no employees during the year. 2024 Nurnber 2023 Number Total There were no employees whose annual remuneration was more than £60,1J)O. li Taxation The charity rs exempt from taxation on its activities because all it5 income is applied for charitsble purposes. 13-
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Tangible fixed assets FehOld Property property Impro%*ments Fixture5 •nd fittiry5 Total Cost At l Ortober 2023 Additions 525.356 511,223 24.437 185,989 27,253 1,222,568 51,690 At 30 September 2024 525,356 535.660 213.242 1.274.258 Depreclatfon and impairment At l October 2023 95,288 10,507 212,105 35.713 164.633 9.748 472.026 55,968 Depreciation thorged in the year At 30 September 2024 105,795 247,818 174,381 527.994 Carrylng amount At 30 September 2024 419,561 287.842 38,861 746,264 At 30 September 2023 430.068 299,118 21,356 750,542 Freehold property is comprised of three properties: il Highfi"eld House. Chertsey. Surrey. purchased in 1996 at a cost of El(Kl,(M)O and with a net book value at 30 September 2023 of 46,000.. ill St Cuthbert's, Wigton, Cumbri3, purchased in 21 at a cost of £78.047 including fees and expa)ses. The net book value of St Cuthbert's at 30 September 2023 was £43.705 and iiil Hope House. Wigton. Cumbria. purchased in 2023 at a cost of £347,039 including fees and exper6es. The net book value of Hope House at 30 September 2023 was £340.363. VALUATIONS The insurance valuation for Highfield House is £7.775.4(M) The insurance valuation for St Cuthbert's and Hope House is £7.726.8(Kl 13 Credltors: amounts falling due wlthin one year 2024 2023 Accruals and deferred income 2.280 4,8 14-
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 14 Unrestrlcted funds- designated These are unrestricted funds which are material to the charity's activities. At l October 2023 Incoming resources Resources expended Transfers At30 September 2024 136,912 45.137 158,2411 123.808 PlouS year: At l October 2022 Incomin resources Resource5 expended Transfers At30 September 2023 63,620 49.507 140,2151 64.000 136,912 15-
In fft ¢35 4D O + rt Thi 00 r4 P4 P4 C• O •4 O r4 th ¢
COR LUMEN CHRISTI TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 16 Analysis of net assets between funds Unrestrirted Vnrestrirted fvnds genernl funds designated 2024 Restricted fvnds Total Total 2024 2024 2024 2023 Fund balances at 30 September 2024 are presented by.. Tangible assets Current assets1lliabilities1 516.485 10.254 229.779 63.517 746,264 197.579 750.542 214,951 123,808 526,739 123.808 293.296 943,843 965,493 17 Related party tranrtionS There were no disclosable related party transactions during the year12023- none). 17-