| PEiNHURST | PEiNHURST | RETREAT CENTRE CHARITABLE TRUST | RETREAT CENTRE CHARITABLE TRUST | RETREAT CENTRE CHARITABLE TRUST | RETREAT CENTRE CHARITABLE TRUST | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| STATFiMFNT OF FINANCIAI. ACTIVITIES | ||||||||||
| YEAR ENDED 31MARCH | 2022 | |||||||||
| Rcstatcd | Rcstatcd | |||||||||
| Unrestricted | Restriekd | Total Funds | Unrestricted | Restricted | Total Funds | |||||
| Note | Funds | I'unde | 2022 | Funds | Itunds | 2021 | ||||
| f | f | f | f | |||||||
| PNCOhIE FRO81: | ||||||||||
| Donations, legacies and grants |
2 | 31,460 | 3,039 | 34,499 | 27,342 | 3,422 | 30,764 | |||
| Charitoblc activities |
3 | 130,052 | 130,052 | 40,723 | 40,723 | |||||
| UK Government HMRC Furlough |
Scheme | 12,833 | 12,833 | 50,136 | 50,13G | |||||
| Intcrcst from Deposits | 4 | 3 | 194 | 197 | 271 | 271 | ||||
| TOTAL INCOME | 174 48 |
3 233 | 177 581 | 118472 | 3.422 | 121894 | ||||
| EXPENDITURE ON: | ||||||||||
| Raising Puads | 5 | 1,884 | 1,884 | 989 | 989 | |||||
| Charitoblc activities TOTAL EXPENDITURE |
G | 180,680 182564 |
5,564 5.564 |
186,244 188 12& |
IG3,823 164,812 |
9,601 9.601 |
173,424 174413 |
|||
| NET INCOME/(EXPENDITURE) | $,216 | 2331 | 10,547 | 46/40 | 6 179 | 52 519 | ||||
| Transtcrs bcnvecn Funtfs |
13 | 525,480 | (525.480) | 19,411 | (19,411) | |||||
| NET MOVEMENT IN FUNDS |
517264 | 527,811 | 10.547 | 26929 | 25,590 | 52,519 | ||||
| RECONCILIATION OF |
FUNDS | |||||||||
| Total funds brought forwardas |
previously | stated | 445,929 | 592,637 | 1.038,566 | |||||
| Prior year adjus anent | 16 | 267,834 | 267,834 | |||||||
| Total I'unde brougln fnrward |
os | adjusted | 445,929 | 860,471 | 1,306,400 | 472,858 | 886,061 | 1,358,919 | ||
| TOTAL FUNDS CARRIED | FOR)YARD | 963,193 | 332,660 | 1295,853 | 445.929 | 860.471 | 1.306,400 | |||
| Thc Statement nl'Financial |
Activities includes all gains and losses recognised in thc year. |
| PEiiiHURST RETREAT CENTRE CHARITABLE TRIiST | PEiiiHURST RETREAT CENTRE CHARITABLE TRIiST | PEiiiHURST RETREAT CENTRE CHARITABLE TRIiST | |||||
|---|---|---|---|---|---|---|---|
| BALAiVCE SHEET | |||||||
| AS AT 31MARCH 2022 | |||||||
| Rcslntcd | ~Rest | tcd | |||||
| Nate | 2022 | 2021 | |||||
| f | f | ||||||
| FLVED ASSETS | |||||||
| Propcny al Penhursi |
12 | 1,109,221 | 1,109,221 | ||||
| Oiher Tangible Fixed Assets | 12 | 728 | I, I I I | ||||
| l 109949 | 1,110,332 | ||||||
| CURRENT ASSETS | |||||||
| Dcbiars | 9,G90 | 12.2G9 | |||||
| Cath at Dani' and in hand | 289,876 | 282,801 | |||||
| 299,565 | 295,070 | ||||||
| CREDITORS | |||||||
| Amounts falling duc nithin onc |
year | 9/11 | 66,313 | 54,833 | |||
| NET CURRENT ASSETS | 233,253 | 240.237 | |||||
| TOTAL ASSETSLESSCURRElvT LIABILITIES | 1,343,202 | IPSU 569 | |||||
| LONG TERM CREDITORS | 10/11 | ||||||
| Amounts I'ailing duc after mare |
ihmi one year | (47,348) | (44,169) | ||||
| NET ASSETS | ,e3 | Iirr, 4 | |||||
| FUVIDS | |||||||
| Unrestricted Funds |
14 | ||||||
| General Funds |
963,193 | 445,r&29 | |||||
| Restricted Funds |
13/I4 | ||||||
| Manor House Fund | 253,993 | ||||||
| Orchard Rooms Fund | 2641,571 | ||||||
| Dcvclopmait Fund Sta/T Accammodauon |
Fund | 328,751 | 337,240 | ||||
| Guest FccsFund | 3.909 | 4,667 | |||||
| 332.,660 | Rfi0,47I | ||||||
| TOTAL FUiVDS | |||||||
| Thc nates on pages 10 | to 14 I'omi | pan ofihese | linaricial | statements. |
| PEiVHURST RETREAT CENTRE CHARITABLE TRUST | ||
|---|---|---|
| NOTES TO TITE FINANCIAL STATEMENTS | ||
| YEAR ENDED 31 MARCH 2022 | ||
| l. ACCOUiVTING POLICIES |
||
| I.i Accounting Convention |
||
| The Iinancial statemenLs have been prepnred in accnrdance with the Charities Statement ofRecommended Practice (Charities 102) ns amended hy Updn&e Bulletins I and 2, Financial Reporiing Standnrd 102(FRS 102)and the Chnrities Act 2011. The accounting policies adopted are described below. |
SORP FRS particular |
|
| Thc fiaancial statcmcnts have biwn prcparcd under thc historical cost convention. Tbc charity meets the definition ofa public under FRS 102. |
bcnctit entity | |
| I.' Going concern | ||
| Having reviewed the level nl' funds avnilnble together with the future pmjecied cnchflowi, Ihe trustees have reasnnahle expectation Ihat Ihe charity has ndequate resources lo continue its activities I'or Ihe foreseeable future. Accnrdingly, they continue In adopt Ihe going cnncem basis in preparing Ihe linnncial statemenkw |
||
| &3 Fixed Assets and Deprccintinn | ||
| Tnngible Fixed Assets nre c&nted nt historicnl cost less depreciation. Depreciation is provided on all assets, other Ihnn the I'reehold properiy, nt 10%to 25%ol'cost per anmim and is intended to write offtbe nssets over Iheir estimated useful lives. The percentage so wrilten offis |
||
| subject tn annual revieiv. Lixpenditure on the acquisition oflixed assets over f.1,000 (approximately) is cnpitnlLced at cost. |
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| The Trustees estimate the residunl vnlue ofthe Freehold Pmperty to be in exccw of &he gross book value nt nny iinie nnd ns such it is no |
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| longer apprnprinte io charge depreciaiion. All depreciation charged in date hns been reversed in &he year, by means ofa prior year adjustment. |
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| 1.4 Fund Accaunting | ||
| Funds held by the charity are classiiicd as onc of: | ||
| Unrcriric&ed Gwierrrl Fund& —These arc funds which can bc used in nccordancc with thc charitable objects at the discretion ofthc trustccs. |
||
| Re&iris&ed Fnnds —These are funds that can only be used for particular restricted purposes within Ihe objecL& ol'Ihe chnrily. Restrictions |
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| arise ivhen specilied by Ihe dnnnr or when funds are mised for pariicular restricted purposes. These funds nre described in note |
13. | |
| 1.5 Income | ||
| Income is shown on an accrualc basic. Dnnations are recognised when rcccivcd. Income tax rccovcrablc on GIR Aid donations when the income is rccogniscd. Grants and lcgacim arc accouotcd for as soon as any conditions for receipt have been mct. |
is recognised | |
| Fms reccivablc arc only rccogniscd once Ihc retreat has taken place. | ||
| Dividends and in&crest me accounted fnr ivhen receivable and allocated to the appropriate fund. |
||
| 1.6 Expenditure | ||
| Fxpcndihirc is accounted for on an accrunlc basis. |
||
| Charitable cxpcnditurc comprises ofexpenditure directly rclatcd to thc objects ofthc Charity. Other tlmn fimdraising casts, all expenditure |
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| including ongoing support. administration and governance costs form an intcgml part ofIhe costofcanying out Ihe direct charitable objectives ofthc charity. |
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| Irrccovemblc YAT is charged against &hc category ofcxpcnditurc for which it was incurred. |
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| Fundraising and publicity expenditure comprises all tbe expenditure in relation io fundrnising and publicity for the Charity, including newsletter and Ihe mmiagemeni of its investmenL&. |
its | |
| 1.7 Debtors | ||
| Grants rcccivablc and other debtors orc included at the settlcmen& amount duc. Prcpaymmits arc valued nt Ihe ainomit prepaid. |
||
| I.tl Cnsh nt bank and in hand | ||
| Cash at bank and in hand includes cash and short term highly liquid invcstmcnts with a short maturity ofthree months or less from Ihe date ofopening ofthc dcpocit. |
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| &.g Creditors nnd provisions |
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| Creditors and provisions arc recognised wbcrc thc charity has a prcscnt obligation arising fram n past event that will probably result in thc tmnsfer offunds to a Ihird pnrty and the amount due lo settle the obligation cnn be measured or estimated reliably, Creditors and provisions |
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| are recognised at their settlement nmount. |
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| 1.10 Flnnnclnl instruments |
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| The charity only has finnncial assets nnd liabilities ofa kind &Imt qualify as basic financial instrumenis. Basic Bnancial instruments |
are | |
| initially recognised ai &ransac&ion value and subsequently measured at their seitlement value. |
| PENHURST | RETREAT CENTRE CHARITABLE TRUST | RETREAT CENTRE CHARITABLE TRUST | RETREAT CENTRE CHARITABLE TRUST | ||||||
|---|---|---|---|---|---|---|---|---|---|
| NOTFS TO THE FINANCIAL STATEMFNTS (CONTINUED) | |||||||||
| YEAR ENDED 31iNARCH | 2022 | ||||||||
| 2. DOiVATIOiVS | AND SIMILAR liVCOSIE | Uilrestrlcted | Rectrlcted | Total Funds | Total Funds | ||||
| ~Fund | Funds | 2022 | 2021 | ||||||
| f | f | f | |||||||
| Donations | 29,710 | '1,539 | 32,249 | 26,564 | |||||
| True I Funds | 1,750 | 500 | 2,250 | 4,200 | |||||
| 31,460 | 3,039 | 34,499 | 4 | ||||||
| 3. INCUS IEFROM | CHARITABLE | ACTIVITFS | Unrestricted | Restricted | Total Funds | Total Funds | |||
| I'unde | Funds | 2022 | 2021 | ||||||
| f | f | f | |||||||
| Charitable activities |
114,064 | 114,064 | 18,332 | ||||||
| Local Authority | Covid Support | 10,667 | 10,667 | 20.241 | |||||
| Miscelluneous income |
5,321 | 5,321 | 2,150 | ||||||
| 130,052 | 130,052 | 40,723 | |||||||
| 4 INCOIVIE FROM | INVESTMENTS | Unrestricted | Restricted | Total Fiinils | Tntal Funds | ||||
| funds | I unde | 2022 | 2021 | ||||||
| f | f | ||||||||
| Bank R Deposit | Interest | 194 | 197 | 271 | |||||
| 3 | »7 | 271 | |||||||
| 5. FUNDRAISING | EXPENDITURE | Unrestricted | Restricted | Total Funds | Totnl Fundc | ||||
| Funils | Fanils | 2027. | 2021 | ||||||
| f | f | ||||||||
| Fundraising and publicity |
1,884 | 1,884 | 989 | ||||||
| 1,884 | 1,884 | 989 | |||||||
| ~Restate | |||||||||
| 6. CHARITABLE | EXPEiVDITURK | Unstressed | Restricted | Total Fends | Tntel Fends | ||||
| Project Running | Costs | liunds | I'unde | 2022 | 2021 | ||||
| f | |||||||||
| Gcncral Property | Costs | 21,217 | 21,217 | 12,456 | |||||
| Guest Cocm | 23,168 | 23,168 | 4,744 | ||||||
| Development and |
Rcfurbishmcnt | Costs | 9,601 | ||||||
| 44,385 | 44,385 | 26,801 | |||||||
| Stufling Costs |
|||||||||
| Staff anti Housing | Costs | 121,800 | 5,564 | 127,364 | 13S,645 | ||||
| 121,800 | 5,564 | 127,364 | 138,645 | ||||||
| Other Chnritable | Costs | ||||||||
| Project Managcmcnt | Costs | 6,I I I | 6,II I | 4,036 | |||||
| Other Costs | 5,554 | 5,554 | 2,038 | ||||||
| 11,665 | 11,665 | 6,074 | |||||||
| laterest on Loans | |||||||||
| Bounce Back Loan | - Santandcr | 813 | 813 | ||||||
| Govcrnnncc Costs |
|||||||||
| Indcpcndent Examination |
Fec | 2,017 | "017 | ||||||
| Tnistccs' meetings | and cxpcnscs | ||||||||
| 2 017 | 2,017 | 1,904 | |||||||
| TOTAL CHARITABLE | EXPENDITURE | 180,680 | 5,564 | 186,244 | 173,424 |
| Unrestricted | Restricted | Restricted | Total Funds | Tatat | Funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7. 8'rAFF AND TRUSrEES Cogrg | I'ands | Funds | 2022 | 2021 | ||||||||||
| f | f | |||||||||||||
| Gross wages | 114,549 | 0 | 114,549 | 128,522 | ||||||||||
| Eniptoych NICs |
2,514 | 0 | 2,514 | 3,808 | ||||||||||
| Employer Pension Contributions |
6,456 | 0 | 6,456 | 6,246 | ||||||||||
| SlaffAccomodation —Rent and Rates |
0 | 5,564 | 5,564 | |||||||||||
| Holidny Pny Accrued |
(1,719) | 0 | (1,719) | 69 | ||||||||||
| 121,800 | 5,564 | 127,364 | ||||||||||||
| No employcm rcccivcd cmolumrnr» |
in thc year | in cxcccsof660,000(2020/21: None) | ||||||||||||
| 2022 | 2021 | |||||||||||||
| Avcmgc number ol' tull-time staff cmp layed |
during | thc year | 3 | |||||||||||
| Average number ol'pan-iime staff |
employed | during | the year | 6 | ||||||||||
| Total avcragc number ofstaff employed | during | the ymir | 9 | |||||||||||
| No remuneration was paid to.or waived the yenr (2020/21 Nilk |
by, | any | Trustee in respect | ofsuch office. No | expenses for travel or food were paid to Trustees | in | ||||||||
| 2022 | 2021 | |||||||||||||
| 8. DEBTORS | f | |||||||||||||
| Income iax debtor | 6,349 | 3,573 | ||||||||||||
| Othcrincomc debtor |
3,341 | 8,696 | ||||||||||||
| 2022 | 2021 | |||||||||||||
| 9, CREDITORS: Amounrc | falling duc | within | one | ycnr | f | f | ||||||||
| General Creditors | 4,183 | 4,488 | ||||||||||||
| Taxatinn and socinl security |
0 | |||||||||||||
| Dcfcimd income | 35,016 | 19,048 | ||||||||||||
| Accrued holiday pay |
3,746 | 5,466 | ||||||||||||
| Accrued bank loan intcrcst | 83 | |||||||||||||
| Loans duc for rcpaymcni | 20,000 | 20,000 | ||||||||||||
| Govcmmcnt bncked Covid Santander |
Loan | 3,285 | 5,831 | |||||||||||
| 66,313 | 54,833 | |||||||||||||
| 2022 | 2021 | |||||||||||||
| 10.CREDITORS: Amounts | falling due after one | year | f | f | ||||||||||
| Government backed Covid |
Santander | Loan | 47,348 | 44,169 | ||||||||||
| Other Unsecured Louns |
||||||||||||||
| 44 | ||||||||||||||
| 2022 | 2021 | |||||||||||||
| 11.Government backed Covld Santander |
I.oan | |||||||||||||
| Amount borrowed |
50,000 | 50,000 | ||||||||||||
| Interest added to Loan -Repayment | holiday | 633 |
| 2022 | |||||||
|---|---|---|---|---|---|---|---|
| Fixed | Current | Long Term | Total | ||||
| Restricted funds | Assets | Assets | Liabilities | Assets f |
|||
| Manor House | Capital | Fund | |||||
| Orchard Rooms Capital | Irund | ||||||
| Dcvclopmcnt | Fund | ||||||
| SlalTAccommodation | Fund | 328,751 | 328,751 | ||||
| Guest Fund | 3,909 | 3,909 | |||||
| 332,660 | 332,660 | ||||||
| Unrestricted | Funds | ||||||
| Free resctvos | (99,408) | (99,408) | |||||
| Fixed asset rcscrvc | 1,109,949 | (47,348) | 1,062,601 | ||||
| Total Fends | 1,109,949 | 233,253 | (47,348) | 1,295,853 | |||
| s021 | |||||||
| Fixed | Current | Long Term | Total | ||||
| Assets | Assets | Liabilities | Assets | ||||
| Restricted Funds |
f | f | |||||
| Manor Ilouse | Capital Fund | 253,993 | 253,993 | ||||
| Orchnrd Rooms Capital |
I'und | 264,571 | 264,571 | ||||
| Development | Fund | ||||||
| Smff Accommodation | Irund | 337,240 | 337,240 | ||||
| Guest Fund | 4,667 | 4,667 | |||||
| 518,564 | 341,907 | 8630,471 | |||||
| Unrestricted | I'unds | ||||||
| Free reserves | (101,670) | (101,670) | |||||
| Fixed ussct rcscrve | 591,768 | (44.169) | 547.599 | ||||
| Tote I Funds | 1,110+32 | 240,237 | (44,169) | IP06r400 |