Penhurst Retreat Centre Charitable Trust
Registered Charity 1060817
The Manor House, Penhurst Lane. Penhurst. Battle, TNAA 9QP
REPORTS AND FINANCIAL STATEMENTS
For the year ended 31 March 2024
Contents
Page
Legal and administrative information
Report of the Trustees
Independent Examiner's report
Statement of Financial Activities
Balance Sheet
Notes to the account5
10-15

CHARITY No. 1060817
ACCOUNTS YEAR ENDED 31ST MARCH 2024
Page l of 15
PENHURSt REfREAT CENTRE CHARITABLE TRusr
YEAR ENDED 31 MARCH 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Louisa Gail Bailey (Appointed 10 October 2024)
Michael David Brackpool
John Charles French (Resigned 5 October 2024)
David John Greenslade
rimothy John Herbert (Resigned as Trustee and Chair 13 February 2024)
Richard William Langmead (Appointed Trustee l November 2023
and Chair 13 February 20241
John A Lyttle (Retlfed 18 November 2024)
John Lowood Richards
Douglas Roger Wakeling
Trust O￿l¢e
The Manor House
Penhurst Lane
Penhursi
East Sussex TN33 9QP
Tel: 01424 892088
E-mail: info@penhur5t.org.uk
Bankers
5antaniJer Bank
2 Triton Square, Regent's Place
LONnoN NWI aAN
Investment Bankers
CCLA
80 Cheapside
LONDON EC2V 6DZ
Independent Examiner
Miriam Hickson FC4 cfA
Jacob Cavenagh & Skeet
5 Robin Hood Lane
Sutton
Surrey SMI 2SW
Charity Registration
Registered Charity no 1060817

CHARITY No. 1060817
ACCOUNTS YEAR ENDED 31ST MARCH 2024
Page 2 of 15
PENHURST RETREAT CENTRE CHARITABLE TRUST
REPORT OF THE TRUSTEE5
YEAR ENDED 31 MARCH 2024
The Trustees have pleasure in submitting their report together with the financial statements for the year
ended 31st March 2024. The financial statements have been prepared in accordance with the Charities
Statetrient of Recommended Practice (Charities SORP FRS 102} as updated in 2019, Financial Reporting
Standard 102 {FRS 102) and the Charities Act 2011.
LEGAL AND GOVERNANCE ISSUES
1.1 Con5tltutlon of the Charlty and status
The governing instrument of the charty is the trust deed dated 23rd September 1996 and a deed of variation
th
dated 8 October 21X)2. The charity was registered with the Charity Commission on 19th February 1997 with
the number 1060817. The charity is registered with the Inland Revenue, reference XR 21863 and is exempt
from tax on its charitable activities under part 10 of the Income tax Act 2CM)7.
1.2 Trustee Body
The Trustees who held office during the year and to the date of this report a￿ listed on page l. Legal and
Administrative Information. Trustees are appointed for a three-year period but are eligible to stand for re-
election at the end of the period as set out in the deed of variation. All new trustees need to be appointed
by the trustee body, following a skills analysis and suitable referen￿5. Mr Richard Langmead currently serrfes
as Chair of the trustee body.
1.3 Trustee induttion and training
All new trustees are given information relating to the responsibilities of trustees and orientation to the work
of the Charity. They are encouraged to visit the centre on a regular basis. The trust is a member of Global
Connections, a network of mission agencies. Trustees and staff have attended various training events
organised by the network for training and support.
1.4 Trustee meetings
The trustees normally schedule four or five meetings each year and are joined for most of the meetings by
the Centre Manager and Centre Host where appropriate. All meetings are fully ￿Orded with clear decisions
and action points. The trustees have a comprehensive annual programme to ensure that policies and
procedures are regularly updated and reviewed.
A regisier of trustee￿ Tnterests is held to ensure that there are no contlicts of interest. This is updated
regularly. Related party issues are fully declared in the financial statements. The trustees have a clear
procedure that if there is a potential conflict of interest on any matter, the trustee with the potential conflict
of interest is asked to leave the room and take no part in the debate or decision.
1.5 Organisation of the Charity
The operations of the charity are conducted in accordance with the policies and strategy approved by the
Trustees. The Charity does not normally have sub-committees but a Steering Group has been formed in the
short tenn to assist with the running of the Charity and, in addition, trustees are also activety involved in the
running of the charity to try to keep overheads low. Some trustees provide practical support in running the
Retreat Centre, others help with management and others with property maintenance. They seek to provide
ongoing support to the paid staff and volunteers.
For the financial year covered by this report, the Retreat Centre was Managed on a day-to-day basis by Joanna
Legg-Ba8g (Centre Manager) and Nicci Gagel, until February 2024 {Centre Host), when she resigned to enable
her to look after her parents. Although they have different areas of personal responsibility they are jointly
responsible for the running of the centre and work closely together. Annual appraisals are undertaken with
them and trustees are asked to contribute to this process.

CHARITY No. 1060817
ACCOUNTS YEAR ENDED 315r MARCH 2024
Page 3 of IS
1.6 Risk Manasement
The Trustees review risk, including its financial procedures, on a regular basis and formally review the risk
action plan on an annual basis, seeking to ensure all major risks to which the charity might be exposed are
identified, in particular those relating to the operations and finances of the Trust. The Trustees are satisfied
that there are systems in place to mitigate the exposure to major risks. The action plan for a range of minor
risks was reviewed and modified over the year as required. All safety checks are carried out as part of a
quarterly, half yearly or annual schedule.
OBJEcfs OF THE CHARITY
The objects of the Charity are:
The advancement of the Christian religion either in the United Kingdom or overseas
{ii) The advancement for the public benefit of religious or other education
(iii) The relief of the aged, poor, sick or disabled
The Tru5tee5 aim to pursue these objects through running a speclallst Retreat Centre at Penhurst. The
particular emphasis of the Centre is to provide ret￿at facilities for individuals and small groups ￿tUrnIng
from stressful environments overseas or within the UK. or preparing to serve overseas. This is done through
led group retreats and indwidual retreats which provide the opportunity for private reflection.
AcnvmES. PERFORMAN￿ AND OUTCOMES
3.1 Revlew of the activities of the Charity
The Retreat Centre offers space for quiet reflection and physical, mental and spiritual refreshment for
individuals and small groups, both from overseas and from within the UK. The Centre has welcomed mission
partners from all over the world. as well groups from a variety of UK agencies. as well as local churches and
groups.
This year was characterised by a strong bounce-back from the challenges of the Covid years, but has also
been strongly IMPa￿ed by the cost of living crisis which is increasing our costs while limiting our ability to
raise income. The Centre Manager, Centre Host and the staff have worked hard to maintain a presence
through social media and to welcome our guests back in person. The trust has developed good links with
Global Connections, the main UK network bringing together mission agencies. The trust is an active member
of the GC Member Care and HR Forums, as well as the wider European Member Care network.
The Centre often uses trained de-briefers to assist mission partners returning to their passport country and
this is a key element of the service provided by the Centre. The Centre has continued to encourage further
training in de-briefing and listening skillsso that we can respond toguests returningfrom traumatic sttuations
overseas. Staff and volunteers are also invofved in various retreat networks based on spiritual
accompaniment, and support for those on their faith joumeys.
Each year two newsletters are sent out either electronically or by mail to supporters and FK)tential users, who
also receive the retreat programme. Much work has gone into continuing to ensure these mailing comply
with good practice and the GDPR regulations. The retreat programme is also regularly distributed to key
mlsslon agencie5 as are fiyers and advertlsements.
3.2 Outcomes and Impact
The Retreat Centre aims to provide the environment where small groups and indNiduals preparing to serve
overseas or ￿tUrnIng frorn stressful environments overseas or working within the UK can find physical,
mental and spiritual renewal. The Centre Manager and Host together with the trustees regularly survey the
perceived benefrt to retreatants through:
Visitors, book and web based guest feedback. This is an informal way of receiving feedback and the
Centre is regularly praised for the sense of renewal people receive.

CHARITY No. 1060817
ACCOUP¥fS YEAR ENDED 31ST WRCH 2024
Page 4 of 15
Use by mission agencies: The number of referrals from rni55ion agencies is encouraging and the Centre
has a good reputation among its main client group.
Use by others: The Centre is now being used regularty as a base for those who accompany and support
others in matters of faith.
Retreat Programme: Led Retreats on specialist subjects have been particularly successful and are often
over-subscribed.
Links with others: Strong links have been developed with the Retreat Association and the Association for
Promoting Retreats. There have been significant movements towards securing better working links with
other member Ca￿ agencies and centres in Europe.
3.3 Public Benefft
The Trustees are committed to improving the organisation's practice and ensuring that it delivers public
benefit as it fulfils its objertp4es through the provision of specialist retreat facilities. The trustees have had
regard to the guidance from the Charity Commission on reporting on Public Benefit. The Centre is open to all
wishing to access its services, includingthose of otherfaiths or none, provided that they respect the Christian
ethos of the Centre. The Centre has recently been enhanced by improving access for those with mobility
issues.
FINANCIAL OVERVIEW
4.1 Results
Details of the financial results forthe financial year are 8iven in the Statement of Financial Activities on Page
8 and the Balance Sheet on Page 9 and the accompanying notes on Pages 10-15.
The Retreat Centre has had an encouraging year despite lower guest numbers and the financial challenges
of the economic climate in general. However. the Centre is extremely grateful that due to the generosity of
its friends and supporters we have ended the year with a small overall deficit of £3,131, whereas in the
previous year there was a corresponding surplus £38,917 for the year.
We received several generous donations during the year, which included one of £IO,Cm and a new restricted
fund donation of £5,746 from and on the closing of the Syzygy Missions Support Network.
During the year ending 31st March 2024, guest fees We￿ £154,799 (22123: £172,611). t)onations and grants
amounting to £47,313 (22123: £56,674) were received. Total Expenditure for the year was £226,330 {22123:
£205,030). Details of related party transactions are as set out in note 15 to the accounts.
The Trustees remain committed to invest resour￿$ in staff salaries, training and development while mindful
of the need to contain costs. Several small fundraising campaigns have been carried out during the year to
help with internal refurbishments and in the coming year Trustees will be considering investing in repairing
some of the elderly fabric of the building.
In view of the inC￿aSeS to our costs, particularly fuel oil on which our remote property is dependent, we
have already taken the decision to increase guest fees in 2024 for the second year running.
4.2 Going Concern:
Having reviewed the level of funds available together with the future projerted cash flow, the trustees have
reasonable expertation that the charity has adequate resources to continue its activities for the current
financial year. We are also undertaking a review of the Centre's organisat¢onal Structu￿ in the year 2024/25
to streamline the administrative function and Guest care services whilst improving on the service we provide.
Accordingly, they continue to adopt the goin8 concern basis in preparing the financial statements.

CHARITY No. 1060817
ACCOUNTS YEAR ENDED 31ST MARCH 2024
Page 5 of 15
4.3 Investment Policy
Currently any surplus funds are held on deposit with CCLA in their common investment fund. When funds
permit the trustees may invest in alternative products to generate a higher rate of return. However at such
time our policy is that we will make no investments in any company in which their primary activities include
tobacco, armaments. the sex trade or gambling.
4.4 Reserves Policy
The funds are split between those restricted for specific purposes and those available for the general
requirement5 of the charity. Duringthe yearthe charity repaid £IO,(XX) being the one ￿mainIng interest free
loan obtained for the purpose of improving the facilities. In the long term, the Trustees aim to maintain a
minimum level of 'free' reserves, that is not committed or invested in tangible fixed assets, equivalent to
three months, running costs so that they are able to meet any liabilities and to protect from cash flow
problems. At the date of the Balance Sheet, the free rese￿eS (general fund current assets excluding long
term interest free loans) stood at £249,961 {22/23: £257,088). The trustees aim to repay loans when due and
where possible maintain the level of reserves at its declared poliry.
FUTURE DEVELOPMENTS
The Trustees are confident that Penhurst Retreat Centre offers an exceptional experience to all who visit.
However, we reco81)ise Ihdl our vi5ibilily retn6in5 limited. potentially causing u5 to miss opportunlrles 10
reach those who are unaware of our offer. In response, we are committing focused resources to enhance our
publicity, marketinL and communications. This efft)rt aims to increase our profile within the Christian
community across the South of England and beyond we. Our strategy includes launching a new website.
creating new brochures, and proactively using these tools to extend our reach. particularly to churches,
young professlonals and Chrlstlan leaders.
While we are grateful for significant reserves and 8enerous donation5, our financial goal is to achieve a
sustainable, small annual surplus from bookings and charitable activities. This financial independence is
crucial for the long-term sustainability and succes5 of Penhurst. Our primary focus is to ensure that the
Centre's income covers all operating costs without relying on donations. Consequently, any surplus will be
directed towards enhancements. bursaries. and further charitable projects.
Future Plans:
Streamline our staff team to align with booking demands, ensuring a more efficient
operation.
Enhance the guest experience by maintaining a warm, welcoming atmosphere. with a
significant focus on increasing bookings.
Allocate funds strategicalty to pay off loans and manage due payrnents effectively.
Expand our led retreat prograrn, with a particular focus on mission partners, leaders, and
young professionals.
Continue to review and improve data management prartices. ensuring best practices and
legal compliance in fundraising and personal data usage.
Improvement and update of the bedrooms on a room-by-room basis as resources allow.
INDEPENDENT EXAMINER
Miriam Hickson senied asthe Independent Examlnerto the charity and has stated her willingness to continue
in office.

CHARITY No. 1060817
ACCOUNTS YEAR ENDED 31ST MARCH 2024
Page 6 of 15
STATEMENT OF TRUSTEES, RESPONSIBIUTIES
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance
with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law in England and Wale5 requires the trustees to prepaie financial stalemeiiL5 fur Edih financial
period which give a true and fairview of the state of affairs of the charty and of its financial activities for that
period. In preparing these financial statements. the trustees are required to:
select suitable accounting policies and apply them consistently,"
make judgements and estimates that are reasonable and prudent;
state whether the policies adopted are In accordance with the appropriate 50RP on Accounting by
Charities and the Accounting Regulations and with applicable accounting standards, subject to any
material departures disclosed and explained in the financial statements: and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charity will continue.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the financial statements
comply with the Charities Act 2011, the Charity (Accounts and Reports} RegulatK)ns 2LX)8 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
SIGNED ON BEHALF OF THE TRUSTEES BY
Richard William Lan8mead (Chair)
Date signed
22 November 2024

CHARITY No. 1060817
ACCOUNTS YEAR ENDED 31ST MARCH 2024
Page 7 of 15
PENHURST RETREAT CENTRE CHARITABLE TRUST
INDEPENDENT EXAMINERS REPORT
YEAR ENDED 31 MARCH 2024
l lu thc LhuriLy itus"ic¢s tny ¥Aatninaliun uf th¢ aLLuunls uf the Penhur•i R¢tT¢ai C¢ntr¢ Charithbl¢
Trust (thc Trust) for the year endcd 31 st Match 2024 set out on pages 8 to 15.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requir¢m¢nts of th¢ Charities Act 2011 ('the Act,).
I report in respect of my examinalion of the Trust's accounts as carried out under section 145 of the Act and
in carrying out my C￿mination I have followed all the applicable D1￿ctiOnS given by the Charity Commission
under section 145(5Xb) of the Act.
Independent examiner's ststemeDt
I have completed my examination. I confirni that no motters have ¢ome to my attention in connection with
the examination giving me cause to IKlt¢ve that in any material respect:
( l) accounting records were not kept in respect of th¢ Trust as reqUI￿d by section 130 of the Ac¢ or
(2) the accounts do not accord with those records; or
(3) the accounts do not comply with the applicable requirements concerning the forni and content of accounts
set out in the Charities {Accounts and Report) Regulations 2008 other than any requiremcnt that the
accounts give a 'true and fair view, which is not a matter considered as part of an independent
examination" or
(4) the accounts hav¢ not been prepared in accordance with the methods and principles of Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Rew)rting Standard applicable in the UK and the Republic of
Ireland (FRS 102)
I have no concerns and have come across no oth¢r matters in Connection with the examination to which
attention should be drawn in this rep)rt in order to enable a proper undersLqnding of the accounts to be reached.
M R Hiekson FCA CTA
Jacob Cavenagh & Skcet
5 Robin Hood Lane
Sutton
Surrey
SMI 2SW
Datesigned 2S to

CHARrrY No. 1060817
ACCoUP￿s YEAR ENDED 31ST MARCH 2024
Page 8 of 15
PENIIURST RETREAT CENTRE CIIARITABLE TRUST
STATEMENT OF FINANCIAL AcfiviTIF.S
YEAR TO 31h)3r2024
Unrtstricttd Restricted Total Fun&s Unrestricted Rcstric¢ed Total FuDds
Fund5
Fuath 31103ll024
Funds
Funds 3110312023
Note
INCOME FROM:
Ik)nation4 legac]￿ and grdnts
Charitable activities
Interest from Dep)sits
TOI'AI. INCOME
37229
162,666
10,084
47.313
162,666
13,220
223,199
47.8
181.937
2,398
232,195
8.814
56,674
181.937
5.336
2.938
213 115
EXPENDITURE ON..
Raising Funds
Charitable activities
TOTAL EXPENDITURE
2217
218.823
221.1140
2217
2?4,113
226J30
2.531
194,062
196593
2.531
202.499
52
52
8.437
NET INCOMEI{EXPENDITURE)
7,92
4,794
Is
38,917
Trdnsters between Funds
13
6.782
(6.782)
327247
(327247)
NET MOVEMENT IN FUNDS
3.131
362%9
323932
38,917
RECONCILIATION OF FUNDS
Total funds brought forward
1.326.042
8.728
lJ34.770
963.193
332.660
1295,853
TOTAL FUNDS CARRIED FORWARD
24J99
6,740
lJ31,639
lJ26.042
8.728
34,770
The Ststement of Fin8n¢ial A¢tiviti&s in¢ludes all gains and low reco￿)15¢d in the yw.

C.HARrrY No. I{K￿817
ACCOUPffS YEAR ENDED 31ST MARCH 2024
Paae 9 of15
PENHURST RETREAT CENTRE CHARITABLE TRUST
BALANCE SHEET
AS A T 31 MARCH 2024
Notr
2024
2023
FIXED ASSETS
Property at Penhurst
Other Tangible Fixed Assets
12
1,109.221
1,109,221
345
J2
1.109221
1,109.566
CURRENT ASSETS
Debtors
Cash ai Bank and in har
16,814
?89.78?.
iUb.59b
11.974
312,821
J25,7Y7
CREDITORS
Amounts falling du¢ within on¢ year
(49,895)
(59.981)
NFT CURRF.NT A￿￿.Ts
256,701
265,816
TOTAL ASSETS LESS CURRENT LIABILITIES
la65922
la75a82
LONG TERM CREDI"I'ORS
io
Amounts failing due after more than one y
{34283)
(40.612)
NET ASSETS
lJ31.639
l J34,770
FUNDS
Ullrestrfcted Fund5
14
General Funds
lJ24.899
1,326.042
Restricted Funds
Development Fund
Guest Fees Fund
P(￿￿ & Padikn'k Prujtxx
lJ114
1.784
4,956
6,740
4.228
4,500
8.728
TOTAL FUNDS
lJ31.639
lJ34,770
The notes (m pages 10 to 15 f(m W of these financial swements.
Thes¢ linancial statements were approved by the Tn￿leeS on 22 Novemkn 2024
&atid un thrir tKh&fby -
Mr R W IAngmeud

CHARITY No. l(kn0817
ACCoUP￿s YEAR ENDED 31ST MARCH 2024
Page 10of 15
PE]¥Hu￿ RETREAT CENTRE CHARITABLE TRusr
NOTES TO THE FINANCIAL STATEMENIS
YEAR ENDED 31 MARCH 2024
I. ACCOUNTING POLICIES
1.1 Accounthig Convenllon
The financial statements have been in accor￿ with the Charities Sthtement of Recommended Practice (Charities SORP FRS 102)
as amended by UFthte Bulletins l and 2. Financial Re￿)rtIng Standard 102 ffRS 102) and the CharitiL8 Act 2011. The particular acc4)untillg
poli¢i&8 ath)Oed are desLYibed ￿lOw.
The financi21 qtatement% have It￿en ￿￿ed under the histnrical ￿)nventi￿. The charity me£t8 the definiti￿ cjf a pllblic henefit entity
under FRS 102.
1.2 Going concern
Having reviewed the level of funds available togcther thc f￿Ure project￿ (xthflow& the tn￿CeS have rea￿Dable exrKctation that the
charity b&s adequate rexHJrces to C4)nlinue its &tivÈties for the fortseeable future. AcLwthngly, they cA)nlit]ue to adopt the going concern b&sis
in preparing the financial statements.
IJ Fixed Assets and Depreciati
Tan&￿ble Ftxed A￿ts aye slated at hi5tOTical CO￿ le55 depreciation. tkpreciati(m is provi(kd on ￿1 as￿ (rther than the freehold property. ai
IOYO to 25Yo of (x)5t rKr annurn and 15 inlcndcd to writc off thc ovcr thcir 13tirnatcd U￿ful Iivc5. Thc pcrccntagc so wTittcn off 15 subjcct
to annual review. Ex[￿d]lure on the acquisition of fixed assets over £l,(Ml) (atvroximat¢ly) ts capita]ised at cosL
The T￿￿CeS consider the value of the Freehold Propty to be in excess of the gm&s iKK)k value at any time and &s such it is no longer
appropriate to cbarge depreciation.
1.4 Fund Aecountlng
Funds held by the Charity ore ¢la85ified &$ (me of:
UnreslrictedGeneral FundT - These are fimds which can be ￿ in aectsd￿ with the charitablc i*>jcL*5 al th¢ disrtion of th¢ trus¢¢¢s.
Resiricled - These are funds that can only used for I￿tIcUlar restricted purp}S￿ within the d>jects of the charity. RestriGtions arise
when SFKcified by the donor or when fillth are raised for ￿rtI￿lar resttictd PUT￿￿. These fimds are described in not¢ 13.
1.5 Income
ID(x)rne i5 shown on an accruals FAsis. I>)nations are re£ogDisd when received. I[K￿le tax recoverable on Gift Aid donations is recognised
when the income is recognised. Grants and legaci¢$ 8re a¢LM)unted for as XK)n a5 any conditions for receipt have been met.
￿l¥ably ury unly th¥ ￿tT¥￿t plu
Llividends and interest are acc(MJnted for when receivable and all(Kated to the appropriate fun(L
1.6 ExpeDdithre
x￿ndItUre 1% accnunted f()r (ffi an aecrual% ￿￿*1*.
Charitsble expenditure comwises of ex￿IditUre directly r¢lated to the (l)jeL1s of the Charity. (hher than fun(traising costs. all expenditure
including ODgoing supFx)rU a￿nI￿tratIOn and governall(r (x)5ts form an integrdl Iwt of the cikst of carying oui the direct ckwitable objectives
of the charity.
Irrecoverable VAT is char￿] a8ainst the category of ex￿￿lly￿ for thich it w&% incurre
Fundraising and publicity exkxnditure c(miprises all the eXp￿ndItUre in relati(m to fiuxtraising and publicity for the Ch8rity. including its
newslet*r and the managemeni of its iDV&Sttnents.
1.7 Debts•rs
Grdnts receivable and other debtors a￿ included at the settlement anK)unt due. Pwayma)ts are V￿Ued at the amount prepai(L

CHARrrY No. 1060817
ACCOUl￿s YEAR ENDED 31ST MARCH 2024
Page11 of 15
PENHURsf RETREAT cE￿TRE CHARITABLE TRUST
NOTES TO THE TrINANCIAI. sTATEME￿Ts (CONTINUED)
YEAR ENDED 31 MARCH 2024
I. ACCOUNTING POLlCtES (c￿tinued)
1.8 Cash at bank and Iwid
C&sh at bank and in hand includes cash and short terni highly liquid investments with a short maturity of three months OT less from the date of
opening of the {k￿SIL
1.9 Creditor5 and provtsions
Creditor5 and provisions are reLX)gnised where the charity h&5 a present Obligati(￿ arising from a twt event that will tthbly result in the
lrnnsfer of fimds to a third party and the arnount due to seule the obligation be me&8ured or estimated rellably. Creditors and provisions are
recognised at their settlem¢nl amounL
1.10 Fingtt¢ig1 instruments
The charity only has fitwKial &￿ts and liabilities of a kind qualify as basic financial instnunents. Basic financial instnjments are Initi￿lY
recognised at tT8ns&ction value and subsequently measured at their settlement value.
2. DONATIONS AND SIMILAR If¥coME
[T•restrirte41 Restricted
Total
Tot*1 Funds
FuDds
Fullds
2•24
2023
Iknnations
33.629
2.277
7,807
10,084
35,4A)6
11,407
47J13
47,484
9,1
$6.674
Tn￿1 Funds
37229
3. INCOME FROM CHAiUTABLE ACTIVITES
Ujrestrided R¢￿Ti¢l¢d
Totsl Fulld5
Tot*1 FuDds
FUJMIS
Funds
2024
2023
Charitable activities
MIscellan￿uS incotne
154.799
7.867
162,666
154,799
7.867
162.666
172,611
9.326
181,937
4. tNCOME FROM INVESTMENTS
r¢striet¢d Res¢ri¢ied
Total FU￿d9
Tot*1 Funds
"uttds
2024
2023
BaDk & Dep)sit Interest
13220
13320
13.220
13220
5.336
5J36
5. FUNDRAISING EXPENDITURE
Uurr￿lrirtrd
irirlrql
Tulal
Total Fufjds
2024
20
Fundraising and publicity
2.217
2217
2.217
2217
2.531
2.531

CHARrrY No. 1060817
ACCOUNTS YEAR ENDED 31ST MARCH 2024
Page 12 of 15
PENHUILST RETREAT CETh CHARTTABLE TRUST
NOTES TO THE blYAYCIAL sfATEMEI%TS (CO]ITIliLED)
YEAR ENDED 31 MARCH 2024
6. CHAIUTABLE EXPENDITURE
Unre51ricied R￿rIde
Total Funds
Total
Project Running Costs
F•Dds
2024
2023
General ProrKrty Costs
Guest Costs
37,762
24.498
45(K)
42262
?4.498
66,760
29.763
29,982
59.745
62.?60
4,51M)
Stsffjng Costs
Staff and Housing Costs
137.793
137.793
137.793
137.793
121.772
121.772
Other Ch*rit*bk Costs
Project Management Costs
Other Costs
7J54
71
8.144
6.171
14,315
8.117
6.171
9.425
17,542
7W
Interest ott
Bouiice Back tKpall - Santandet
1.094
1.237
Governanee Costs
Indyndent Examination Fee
Trustees, meetings and exFgnses
2.086
2.(￿5
2.086
2,065
4,151
1.985
218
4.151
2.203
TOTAL CHARITABLE EXPENDITURE
218m3
52
224.113
202,499
IT•r¢StrIrt￿ Restrieted
Total F￿ndS
7. STAFF AND TRUSTEES REMUNERATION
Fulld5
Fmods
2024
2011
Gro&s wages
Employefs NICS (tts8 Credit £5k pa)
Employer Pension Contributio￿$
StatT Accom(M]ation - Rent and Rates
TemFK)rary s￿ff
Holiday Pay Accrued
112.611
1.521
6339
112.611
,521
105.498
761
5,941
11,249
13,541
5.053
13,541
5,053
(1272)
137,793
(1272)
137.793
(1,677)
121,772
No employees received c￿lUMents in the year in excas of £60.1KK) (2022123.. None)
2024
2023
Average number of full-time staff employed during the year
Average numE¢r of part-time stsff employed during the year
Total avernge number of staff elnployed during the year
No remuneration was paid lo. or waived by any Trustee in restttt of such offi¢¢.
2024
20
8. DEBTORS
Income tax debtor
Other income debtor
Prepayments
15,076
1.579
159
16014
10,669
1.157
148
11,974

CHARITY No. 1060817
ACCOUNTS YEAR ENDED 31ST Ni4RCH 2024
Page 13of15
PENHURST RETREAT CENTRE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTllibED)
YEAR ENDED 31 MARCH 2024
2024
23
9. CREDITOKS: Amounts fa]ling due within ￿e year
General Creditors
Taxation and social S￿Urity
tkferr¢d income
Accrucd holiday pay
Accrued bank l(An inter&st
Loans due for repayment
Gov¢mm¢nt backed Covid Santsnd¢r twi
6.551
37
36,113
797
6.245
35,260
2,069
78
68
10.(KK)
6.329
59,981
6.329
49095
2024
2023
io. CREDITORS: Amounts falling due after one year
Government backed Covid SanÉander L(
34,283
34283
40.612
40,612
2024
2D23
11. Government baeked Covid Santander Loan
Amount Borrowed brought forward
Amount repaid in year
Amount Borrow¢41 carried ftorw8rd
46,941
(6.329)
40,612
50,633
(J.692)
46,941
A loan of £50.1XKI was a(fvanced on 7th Au5gU￿ 2020. No interest was kwyable in 12 months &s this w&s UK &)vernment funded. At the
end of that year the Charity t(x)k thantsge of a 6 month repayment holiday where any intwesi accrued was added to the loan principle. After
that period interest only Ixcatne paydble uniil 7th Augu￿ 2022. Following that date IM)th inter& and wjital repayinents have been made when
due. The loan is scheduled to be repaid in full by 7th August 2030.
12. FIXED ASSETS
Totsl
Assets
ment
COST
Ai I st April 2023
Additions
tkss disrwls
At 3 1st March 2024
1.109221
9,098
1,118J19
1.109221
1.118J19
ACCLIMUL4TED DEPRECL4 TION
At April 2023
Charge for perklml
Reversed tkpreciation
Less dist￿lS
At 31si March 2024
Percenlage Clkwye
{8.753)
(345)
(8,753)
(345)
{9.098)
JOYO., 25%
(9,1198)
NETBOOA VALUE
At 31st March 2024
1.109221
1.109221
At 31st March 2023
.IIYla21
345
1.109.566
The langible fixed &wts are held in direct fifftherance of the charity'5 Objec￿ The TnLStees are of the opinion that the market
value of the freeliold pro￿ is not1￿5 than its txM)k value.

CHARrrY No. 1060817
AcCOUP￿s YEAR ENDED 31ST MARCH 2024
PwJe 14of15
PENHuR￿ RETREAT CENTRE CHARITABLE TRU
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
13. MOVEMENTS OF REsfRicfED FUNDS
202312024
B*lanee at
IApr23
Ineome Expenditure
& Eains
& losses
Transfer
Bxlance at
31 Mar 24
Development Fund
Guest Fund
Pond & Paddock Renovation fund
Syzygy Mission Supwrt Fuod (oew 2023r24)
2277
2.(￿1
(2277)
(4,505)
4228
4.5
1,784
(4,500)
(7(A))
(52W)
5.746
10,084
4.956
6,740
&728
{6,782)
2022ll023
Balanee at
IApr22
ltttom¢ Exp¢nditure
& gains
& losses
Tr￿sfer
Balance at
31 Mar 23
Development Fund
Stall. Accomm(NJation Fund (now closed)
Gue￿ Fund
Pond & PaddLKk Renovation Fund
2224
2.938
(2,224)
(323.252)
(1,771)
328.751
(8,437)
4,228
4,5(Kl
8,728
4,5(X)
lJ.752
332,660
(8.437)
(327247)
The Development Fund relates to donations given for stKcific projects for the imwovement of the Manor Hous¢. The transfer during the year
is in respect of the utilisation of these fimts on pro￿ improvements.
The Staff A¢commixlation Fund w&s set up to provide suitable a(xomm(thion for stsff. Thc ¢knor5 (thc fonDer Trustces of the closed
Benjamin Tn￿) unanirnously agreed to the Funds ￿Ing d￿RestrICted and put to the g(Mxl ￿$¢ of Penhurst Retreat Centre. As such this fund
h&s been closed.
The GuesL Fund is ￿ subsidise the stay of certain guuts in Ilne with the temis sd by the (kxK)r. The transler represents the subsidy provided to
guests via thig fun
The Pond & Paddock Projeci is a genen)￿$ grant from Sussex Lund to enable restoration and improvements to be made to the Centre's pond
and padthk area.
The Swgy Misslon sUp￿rt Fund is made up of fund5 dOna￿d ￿ the Centre by the Syzygy Cbarity on its closure for the sUPWrt of Mi&sion
Workers when staying at the Centre and any a￿lat￿ MISSI(￿ rela*d expenditur

CHARITY No. 1060817
ACCOUl￿s YEAR ENDED 31ST MARCH 2024
Page 15 of 15
PENHURST RETREAT CENTRE CHARITABLE TRusr
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
YEAR EIYDED 31 MARCH 2024
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Fixed
Current
Long Term
Totsl
Restricted Funds
Development Fund
Guest Fund
Pond & Padd(xk Renovation Fund
SYZY￿ Mi&sion sup[￿ Fund
1,784
1,784
4,956
6,740
4,956
6.740
Uttrtttrieted Fu#ds
Free Reserves
249,961
249.961
Fixed asset rewve
Tutsl Fun¢Ls
I,l(M).221
1.109221
(34,283)
(34283)
1,074,938
lJ31,639
256.701
2023
Fiied
Cvrent iKbDg Tern
Li*bilitie
Tot81
Restricted Fuads
Development Fund
Staff Accommlxlation Fund
(iuest Fund
4228
4,5
8.728
4228
4,5(K)
8.728
IlnrÉEtrirtod Fund
Free reserves
Fixed asset reserve
257.088
257.088
1,068,954
1.109.566
(40,612)
Tothl Funds
1,109566
265J16
(40,612)
lJ34,770
IS. RCI LATCD PARTY DISCLOSURES
The charity maintains a confiicts of interest regiskr and tnL8te&% re8i5ter any relat￿1 in*rests before there is dI￿￿10n on any granls and
trustees do not tske in any decisions when th¢re is a ¢onflTct of interest
During the year Ik)nations totalling £1￿￿(2023. £7(X)) were received from trusitts. Trdvelling Ext￿ of £1.41AI (2023.. £218) were paid to
thrcc tru5tffs (2023: One). There were no other related tmrty Iransaciions other than £814 that was ac£rued in the previous year. (2023: 2
payments were made totalling £563 and a fi￿ller £814 was accruc41 but wt paid by the yearend lor building reFoirs to a company owned by a
trust¢e).