#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||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.|||
|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|||
|longer apprnprinte
io charge depreciaiion.
All depreciation
charged
in date hns been reversed
in &he year, by means ofa prior year
adjustment.|||
|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|||
|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|||
|including
ongoing support.
administration
and governance
costs form an intcgml part ofIhe costofcanying
out Ihe direct charitable
objectives ofthc charity.|||
|Irrccovemblc
YAT is charged against
&hc category ofcxpcnditurc
for which it was incurred.|||
|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.|||
|&.g Creditors
nnd provisions|||
|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|||
|are recognised
at their settlement
nmount.|||
|1.10 Flnnnclnl
instruments|||
|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|