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2020-09-30-accounts

REGISTERED COMPANY NUMBER: 04731491 (England and Wales) REGISTERED CHARITY NUMBER: 1098712

HARRY EDWARDS HEALING SANCTUARY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Berringers LLP Chartered Accountants and Statutory Auditors Lygon House 50 London Road Bromley Kent BR1 3RA

HARRY EDWARDS HEALING SANCTUARY LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 September 2020

Page
Reference and administrative details 1
Report of the trustees 2 to 8
Report of the independent auditors 9 to 10
Statement of financial activities 11
Balance sheet 12
Cash flow statement 13
Notes to the cash flow statement 14
Notes to the financial statements 15 to 25
Detailed statement of financial activities 26 to 27

HARRY EDWARDS HEALING SANCTUARY LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 30 September 2020

TRUSTEES

Mrs S G Bell Mr M D Thomas Mrs T Leyman Mr S Farrow (resigned 15.7.2020) Ms A Skelly Mr P D N D Lewis (resigned 15.7.2020) Mr A A Moore (appointed 10.3.2020) Ms G M B Barton (appointed 10.3.2020) (resigned 26.8.2020)

COMPANY SECRETARY Mrs S G Bell REGISTERED OFFICE Burrows Lea Hook Lane Shere Guildford Surrey GU5 9QG REGISTERED COMPANY 04731491 (England and Wales) NUMBER REGISTERED CHARITY 1098712 NUMBER AUDITORS Berringers LLP Chartered Accountants and Statutory Auditors Lygon House 50 London Road Bromley Kent BR1 3RA

Page 1

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of Accounting and Reporting 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 1 January 2019).

Page 2

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2020

OBJECTIVES AND ACTIVITIES Objectives and aims

On 1 October 2003, the charity took over the assets and operations of The Harry Edwards Spiritual Healing Trust (the Trust) under authority from the Charity Commission. As such, it now holds the property that was held by the earlier Trustees and continues the work of the Trust. A notification of the formal merger of the Harry Edwards Spiritual Healing Sanctuary Trust and the Harry Edwards Healing Sanctuary Limited was submitted to the Charity Commission during a previous period.

The objects of the charity are to promote public health by the provision and promotion of spiritual healing for the benefit of the public by educating and training spiritual healers and by ensuring proper standards in the practice of spiritual healing.

The strategies employed to achieve the charity's objectives are to:

The charity supports, and is a founder member of, UK Healers, the professional association established to agree standards for spiritual healing and spiritual healers in this country. In company with other spiritual healing organisations that are members of UK Healers, we comply with the Standards and the Code of Conduct established by that body, and we restrict our recruitment of spiritual healers to join our register and work at our premises to those who have successfully completed our own training programme and those healers who have met the standards of UK Healers with other UK Healer member organisations. The charity has established the Harry Edwards Healing College within the charity to further develop the training provided. The College offers training at various levels including an introductory course; a two year healer qualification course (The Harry Edwards Healing Course); and post qualification CPD workshops.

The format of the charity's magazine (The Healer), which was introduced by Harry Edwards and has been continuously issued ever since, was revised in 2007 and that format has been retained (with one brief departure) since then. Care has been taken to ensure that, though the magazine's design has been modernised, its essential messages, including those contained in articles written by the charity's founder, are preserved.

Through the charity's 'Healing Minute' programme initiated by our founder, Harry Edwards, people of goodwill are encouraged to link together at 10am and/or 10pm in prayer and thought for healing to reach all those who are sick where ever they may be, and also for world peace and understanding. This facility has been extended by broadcasting them live on social media.

A major area of activity at Burrows Lea continues to be dealing with requests by letter, e-mail and telephone for distant healing. Applications for contact healing at our premises vary from week to week and are met by a growing band of volunteer spiritual healers. We extended out contact healing service in a previous period so that contact healing has been available at Burrows Lea seven days per week with the exception only of Bank Holidays. We are actively seeking ways of expanding this service. Both distant healing and contact healing are provided to the public on a donation only basis.

Page 3

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2020

During 2008 the charity established Bluebells Cancer Help Centre at Burrows Lea with help and input from Macmillan Cancer Support. This provides a dedicated space where patients can come for healing and to enjoy the peace the premises offer as well as to obtain easy access to the wide range of information available on the internet, and to our library of books (which may be borrowed) potentially helpful to those living with cancer and their carers. The volunteers who lead the Centre's activities introduced, during the previous period, a series of talks under a Wellness heading to benefit those who use the Centre. These talks continued during the period currently reported.

Public benefit

The charity benefits the public by providing information about spiritual healing, via our donation only magazine (The Healer) issued quarterly, and through leaflets, the charity's website, and Social Media posts (Facebook and Twitter). The charity offers at Burrows Lea a daily contact healing service in private Healing Rooms. This service is also donation only.

We have also provide short contact healing sessions without charge at the charity's Open Days and similar events. Our Distant Healing service continues to be on a 'donation only' basis, as it has always been. We also from time to time provide contact healing at suitable venues and events away for the Sanctuary, and the charity is ready to provide financial and healer support for research into the efficacy of spiritual healing. The charity's premises are open to the public without any charge 365 days per year so that the public may enjoy the peaceful atmosphere of our house and grounds, and the chance for contemplation and relaxation in surroundings that our many visitors find help to bring them peace of mind. The charity corresponds daily with those who seek distant healing and also receives visitors for contact healing daily.

Page 4

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2020

STRATEGIC REPORT Achievement and performance Charitable activities

While no promise can ever be made that spiritual healing will be successful, the charity provides distant healing to a substantial number of people from around the world each year, irrespective of their ability to contribute towards the charity's overheads. The charity has many patients who continue to ask for healing help for themselves and/or others and who send whatever they can afford to support the charity's work. The charity has received and responded to 17,320 requests for distant healing during the period. The requests received each day are read by qualified spiritual healers in the Sanctuary chapel before a Webcam. This enables those who wish to do so to view at home via the internet the healers reading the distant healing requests. The names of all people for whom distant healing has been sought during the previous twenty four hours are placed each morning in the Distant Healing book located in the Sanctuary at Burrows Lea. They remain there for at least a month to benefit from prayerful thoughts offered every morning by the charity's healers during a regular period of meditative contemplation in the Sanctuary.

The availability of a contact healing service on weekends as well as during the week has proved especially beneficial to old and new visitors, many of whom are otherwise engaged during the working week. We have provided 527 individual healing sessions by appointment at Burrows Lea during the period either using our Healing Rooms or by telephone contact. In addition we gave contact healing in our Chapel at Open Days, and at other venues from time to time to meet the needs of individuals who could not visit Burrows Lea, or were not previously aware of the Sanctuary.

The charity's annual Spring Fair, Open Day and Autumn Fairs unfortunately all had to be cancelled due to the covid restrictions. In an attempt to compensate for this, our plans to expand our online events were accelerated and a weekly program on various social media platforms including Zoom and Facebook was developed. These have proven very successful with substantial numbers taking advantage of the opportunity to participate and experience healing activities remotely. In accordance with our usual practice, a Christmas Service was also held on-site in December 2019 and it too was well attended. Such events are arranged for promotional purposes and, although helping to fulfil the charity's objectives, do not immediately result in funding for the charity.

During 2019/20 only two 4-Day Residential Retreats and two 1-Day non-residential Retreats were held at Burrows Lea. As with our Fairs and Open Days, our normal programme was substantially reduced this year due to the covid restrictions. Those who attended were able to have healing, take part in guided meditations and listen to visiting speakers as well as having the chance to relax and unwind in the beautiful surroundings of the Surrey Hills. The Retreats were attended by members of the public, some of whom had some knowledge of spiritual healing, whilst others came to enjoy an opportunity to explore their own spiritual healing or self-healing ability in the company of like-minded people. We will continue to offer these retreats and plan to return to our usual frequency as covid restrictions ease next year.

It is also the Charity's practice to encourage coach parties comprising small groups of the public who are interested in spiritual healing to visit Burrows Lea, especially during the more clement months of the year, no coach parties were received and hosted by our staff during the year under review.

The Charity's wholly owned trading company began operations on 1 October 2005 with the intention of providing a stream of future income in support of the charity. Initially, the company absorbed substantial setting up costs which were met with the help of a secured loan facility but measures taken thereafter were sufficient for the trading company to remove its call on that secured loan facility. This was a significant and welcome development for the charity.

The trading company's Memorandum and Articles of Association provide the necessary safeguards about distribution of its profits, and control of its Board of Directors is vested in the charity. The trading company assists in the promotion of sales of healing publications and other articles, the conduct of family functions, and other events carried out at the charity's premises during the year. The trading company bears a proportion of the charity's overheads.

The conduct of family functions and other events on site has allowed the charity to attract visitors, although again, the number were reduced this year due to the covid restrictions. Although these visitors may not instinctively think of spiritual healing as an option open to them, the charity's promotional literature is always on display and available to them, and this continues to prompt interest in the subject and in the related services offered by the charity.

The Directors continue to monitor staff numbers to ensure that they are sufficient for the tasks to be done but not more. Some adjustments were made during the period.

Page 5

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2020

STRATEGIC REPORT Financial review

Investment policy and objectives

In accordance with the Memorandum and Articles of Association, the charity has the power to invest charity funds not immediately required for the furtherance of its objects in or upon such investments, securities or property as may be thought fit. The trustees employ Investec Wealth and Investment Limited to manage the charity's investments.

The policy of the trustees is to adopt a medium risk balance between capital and income growth in a portfolio of investments and cash to support operating costs. This is achieved by investing prudently and cautiously in a broad range of fixed interest securities and equities with no investment in derivatives, no single investment in fixed interest securities exceeding 10% of the total fund, and no single investment in equities exceeding 5% of the total fund.

The value of Harry Edwards Healing Sanctuary's investments reflected the uncertainty of stock markets during the period. At the year end the charity's portfolio was valued at £2,867,412 compared with £3,121,067 at 30 September 2019, however the decrease in market value over cost as at the year end was £68,008 compared with increase in market value of £77,850 at 30 September 2019. Our investment managers continue to monitor progress of the charity's portfolio against the WM Charity Fund Monitor and throughout the year achieved results broadly in line with the benchmark.

Reserves policy

The level of reserves that the charity ought to have is reviewed periodically by trustees, to ensure that it still reflects current charity developments.

Review

The charity depends primarily on volatile sources of income, such as donations and legacies. The charity's total incoming resources on unrestricted funds, which are its operational reserves were £440,704 (2019:£552,664) including unrestricted investment income of £73,016 (2019:£93,561). Restricted voluntary income of £5891 (2019:£581) was also received, so that total incoming resources for the year were £446,595 (2019:£553,245). A donation of £Nil (2019 - £7,184) was received from Burrows Lea Country House Ltd (a wholly owned subsidiary) this year.

However, during the year unrestricted funds resources expended amounted to £625,165 (2019:£581,901) of which £80,865 (2019:£87,527) was the cost of generating voluntary income. £501,482 (2019:£454,941) was charitable expenditure relating to contact and distant healing work and education activities, and £42,818 (2019:£39,433) was governance costs. Expenditure of £3,206 (2019:£2,100) was expended on restricted fund. Total resources expended was £628,371 (2019:£584,001).

The resulting net outflow of resources £181,776 (2019:£30,756) was offset by realised gains on the sales of investment assets of £29,361 (2019:£15,902) and unrealised loss on investment assets of £138,766 (2019:gains £54,903). There were no disposals of fixed assets during the year, and the property revaluation remained the same.

There is a continuing need to increase voluntary income and to maintain rental income from three residential properties owned by the charity, there was a period of non-occupancy during Covid and, extensive repairs to property stock were undertaken. The activities of the trading company are receiving careful re-examination as are the activities undertaken by the charities wholly owned subsidiary.

Page 6

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2020

STRATEGIC REPORT

Future developments

The major financial concern for the charity is the volatility of its voluntary income. The dividends and interest it receives from its investment portfolio are insufficient to cover continuing overheads. Legacy income has made a significant contribution in some years but cannot be relied upon. The charity continues to take steps to encourage more of our supporters to provide for the charity in their wills. Meanwhile donations each year remain a vital source of income for the charity.

The trustees want to expand the availability of the charity's contact and distant healing services and have successfully exploited the use of social media to keep the public informed and to answer questions that may be asked. As described earlier, the trustees also aim to maintain rental income and to increase the use of the charity's facilities to generate more funds to support charitable objectives.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Harry Edwards Healing Sanctuary Limited (the charity) is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 11 April 2003. It is registered as a charity with the Charity Commission. The original subscribers to the Memorandum of Association and such other persons as the Board of Directors (the trustees) shall admit to membership shall be members of the charity. Currently, trustees in office are members, each of whom agrees to contribute £1 in the event of the company winding up.

Recruitment and appointment of new trustees

All the directors of the company are also trustees of the charity. As set out in the Articles of Association, the charity by resolution of its members has the power to appoint or remove any trustee and to fix a maximum and minimum number of trustees. At present, no maximum has been set, but the minimum is three. The trustees also have the power at any time to appoint any person to be a trustee, but any trustee so appointed is subject to re-election by the members at the next Annual General Meeting. Furthermore, one third of the trustees (usually the longest in office) are subject to re-election by the members at the Annual General Meeting.

Two serving trustees stepped down from the board during the period, and two new trustees were appointed, one of whom then stepped down. As a consequence, at 30 Sept 20, the board consisted of five trustees. Of these, all have served for less than 4 years, except for one who has served for more than 9 years.

Organisational structure

The trustees, who administer the charity, meet as a body at least four times a year and more frequently as circumstances dictate.

During the year, a paid Operations Director managed the day-to-day activities of the charity and provided leadership. The appointee had previously been a trustee of this Charity, but had resigned from that role prior to accepting the staff job.

In April 2021, the operations Director moved into a new role, Director of Business Development, the finance manager moved to Director of Finance and resources.

Induction and training of new trustees

New trustees are selected from amongst those with appropriate skills and experience considered to be required by the charity in the opinion of the trustees in office. New trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the decision making process and recent financial performance of the charity. During their induction, they meet other trustees and key employees. They are expected to attend appropriate external training events where these will facilitate the undertaking of their role.

Related parties

The charity's wholly owned subsidiary, Burrows Lea Country House Limited, was established as a fund raising vehicle on 1 October 2005 to operate functions including catering, conferencing, and retreat facilities, and the sales of books and other articles, at Burrows Lea. It uses staff employed by the charity as necessary and bears a share of their costs. Any distributable profits are donated to the charity. The sale of Books has been transferred to become an activity of the Charity.

Page 7

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The trustees have assessed and put in place appropriate policies to address the major risks to which the charity is exposed, in particular those related to its operations, finances, and its use of Information and Communications Technology (ICT), and Health & Safety legislation. These include damage to or destruction of the building or systems at Burrows Lea through natural or man-made causes, and any incident that might result in death or injury to a member of the public, the Charity's employees and volunteers. Adequate insurance, back-up duplication, and systems to mitigate exposure to such major risks are in place and reviewed regularly. The Charity has increased its Cyber Security Levels and Insurance cover in this aspect.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Harry Edwards Healing Sanctuary Limited for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

Independent auditors will be appointed at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 11 November 2021 and signed on its behalf by:

MD Thomas – Chair, Trustees

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HARRY EDWARDS HEALING SANCTUARY LIMITED

Opinion

We have audited the financial statements of Harry Edwards Healing Sanctuary Limited (the 'charitable company') for the year ended 30 September 2020 which comprise the Statement of financial activities, the Balance sheet, the Cash flow statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Report of the independent auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HARRY EDWARDS HEALING SANCTUARY LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of trustees' responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the independent auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John Cardnell BSc FCA (Senior Statutory Auditor) for and on behalf of Berringers LLP Chartered Accountants and Statutory Auditors Lygon House 50 London Road Bromley Kent BR1 3RA

11 November 2021

Page 10

HARRY EDWARDS HEALING SANCTUARY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2020

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Governance costs
Charitable expenditure
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
228,278
58,676
73,016
80,065
440,035
80,865
42,818
500,052
623,735
(109,405)
(293,105)
7,706,286
7,413,181		 Restricted
funds
£
5,891
-
-
-
5,891
3,106
-
100
3,206
-
2,685
15,448
18,133		 2020
Total
funds
£
234,169
58,676
73,016
80,065
445,926
83,971
42,818
500,152
626,941
(109,405)
(290,420)
7,721,734
7,431,314		 2019
Total
funds
£
338,931
35,842
93,561
84,911
553,245
89,333
39,433
455,235
584,001
69,995
39,239
7,682,495
7,721,734

The notes form part of these financial statements

Page 11

HARRY EDWARDS HEALING SANCTUARY LIMITED (REGISTERED NUMBER: 04731491)

BALANCE SHEET

30 September 2020

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
4,473,600
2,867,414
7,341,014
18,712
105,306
25,795
149,813
(77,646)
72,167
7,413,181
7,413,181
Restricted
funds
£
-
-
-
-
-
18,133
18,133
-
18,133
18,133
18,133		 2020

Total
funds
£
4,473,600
2,867,414
7,341,014
18,712
105,306
43,928
167,946
(77,646)
90,300
7,431,314
7,431,314
7,413,181
18,133
7,431,314		 2019
Total
funds
£
4,475,543
3,121,069
7,596,612
1,774
148,150
33,695
183,619
(58,497)
125,122
7,721,734
7,721,734
7,706,286
15,448
7,721,734

The financial statements were approved by the Board of Trustees and authorised for issue on 11 November 2021 and were signed on its behalf by:

MD Thomas – Chair, Trustees

The notes form part of these financial statements

Page 12

HARRY EDWARDS HEALING SANCTUARY LIMITED

CASH FLOW STATEMENT for the year ended 30 September 2020

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2020
£
(123,196)
(123,196)
(10,821)
(482,987)
627,237
133,429
10,233
33,695
43,928		 2019
£
(28,791)
(28,791)
(3,857)
(292,400)
321,015
24,758
(4,033)
37,728
33,695

The notes form part of these financial statements

Page 13

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE CASH FLOW STATEMENT for the year ended 30 September 2020

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of financial activities)
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Increase in stocks
Decrease/(increase) in debtors
Increase in creditors
Net cash used in operations		 2020
£
(290,420)
12,765
109,405
(16,938)
42,843
19,149
(123,196)		 2019
£
39,239
11,993
(69,995)
(327)
(12,384)
2,683
(28,791)

2. ANALYSIS OF CHANGES IN NET FUNDS

At
Net cash
Cash at bank and in hand
Total		 1.10.19
Cash flow
At 30.9.20
£
£
£
33,695
10,233
43,928
33,695
10,233
43,928
33,695
10,233
43,928

The notes form part of these financial statements

Page 14

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial 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 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on cost and 20% on cost Fixtures and fittings - 20% on cost Motor vehicles - 25% on cost Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance 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 nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution 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.

Investments

Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes net gains and losses arising on revaluations and disposals throughout the year.

Page 15

continued...

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Gift Aid
Donations
Legacies received (gross)
3.
OTHER TRADING ACTIVITIES
Raffle
Other income
Appointments
4.
INVESTMENT INCOME
Investment income (gross) and interest on deposits
5.
RAISING FUNDS
Raising donations and legacies
Staff costs
Magazine costs
Publicity
Advertising
Friends expenses
Distant healing costs
Course costs
Other expenditure
Depreciation
Support costs		 2020
£
35,777
56,086
142,306
234,169
2020
£
5,086
36,977
16,613
58,676
2020
£
73,016
2020
£
23,339
24,101
-
943
4,591
98
14,690
5,551
751
9,907
83,971		 2019
£
34,113
78,775
226,043
338,931
2019
£
-
6,477
29,365
35,842
2019
£
93,561
2019
£
20,028
25,708
1,104
952
9,426
743
18,041
3,489
749
9,093
89,333

Page 16

continued...

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

6. CHARITABLE ACTIVITIES COSTS

Support
Direct
costs (see
Costs
note 7)
£
£
Governance costs
-
42,818
Charitable expenditure
359,450
140,702
359,450
183,520
7.
SUPPORT COSTS
Governance
Management
costs
£
£
Raising donations and legacies
9,907
-
Governance costs
-
42,818
Charitable expenditure
139,739
963
149,646
43,781
Support costs, included in the above, are as follows:
2020
Raising
donations
and
Governance
Charitable
Total
legacies
costs
expenditure
activities
£
£
£
£
Rates and water
402
-
6,439
6,841
Insurance
465
-
7,443
7,908
Light & heat
1,738
-
27,805
29,543
Telephone
356
-
5,688
6,044
Printing, stationery &
postage
279
-
4,460
4,739
Computer costs
1,684
-
26,943
28,627
Repairs & Renewals
2,528
-
40,695
43,223
Garden expenses
426
-
7,023
7,449
Motor & travelling
88
-
1,405
1,493
Bank charges
162
-
2,589
2,751
Legal & professional fees
1,779
-
9,249
11,028
Trustees' remuneration etc
-
-
963
963
Wages
-
12,768
-
12,768
Auditors' remuneration
-
8,280
-
8,280
Professional fees
-
21,770
-
21,770
9,907
42,818
140,702
193,427		 Totals
£
42,818
500,152
542,970
Totals
£
9,907
42,818
140,702
193,427
2019
Total
activities
£
5,790
7,484
19,456
6,791
5,259
21,955
33,443
6,844
1,214
2,805
10,077
2,050
5,698
8,448
25,287
162,601

continued...

Page 17

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Depreciation - owned assets		 2020
£
8,280
**12,764 **		 2019
£
8,448
11,993

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.

Trustees' expenses

Trustees' expenses
Trustees' expenses
10.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Cost of generating voluntary income
Charitable expenditure		 2020
£
963
2020
£
347,814
25,350
8,712
381,876
2020
2
17
19		 2019
£
2,050
2019
£
322,101
20,655
6,149
348,905
2019
2
17
19

No employees received emoluments in excess of £60,000.

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
338,350
Other trading activities
35,842
Investment income
93,561
Other income
84,911
Total
552,664
EXPENDITURE ON
Raising funds
87,527
Restricted
funds
£
581
-
-
-
581
1,806		 Total
funds
£
338,931
35,842
93,561
84,911
553,245
89,333

continued...

Page 18

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
Charitable activities
Governance costs
39,433
Charitable expenditure
454,941
Total
581,901
Net gains on investments
69,995
NET INCOME/(EXPENDITURE)
40,758
RECONCILIATION OF FUNDS
Total funds brought forward
7,665,528
TOTAL FUNDS CARRIED FORWARD
7,706,286
12.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 October 2019
4,450,000
Additions
-
At 30 September 2020
4,450,000
DEPRECIATION
At 1 October 2019
-
Charge for year
-
At 30 September 2020
-
NET BOOK VALUE
At 30 September 2020
4,450,000
At 30 September 2019
4,450,000		 11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
Charitable activities
Governance costs
39,433
Charitable expenditure
454,941
Total
581,901
Net gains on investments
69,995
NET INCOME/(EXPENDITURE)
40,758
RECONCILIATION OF FUNDS
Total funds brought forward
7,665,528
TOTAL FUNDS CARRIED FORWARD
7,706,286
12.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 October 2019
4,450,000
Additions
-
At 30 September 2020
4,450,000
DEPRECIATION
At 1 October 2019
-
Charge for year
-
At 30 September 2020
-
NET BOOK VALUE
At 30 September 2020
4,450,000
At 30 September 2019
4,450,000		 - continued
Restricted
funds
£
-
294
2,100
-
(1,519)
16,967
15,448
Plant and
machinery
£
159,415
4,643
164,058
137,656
9,388
147,044
17,014
21,759		 Total
funds
£
39,433
455,235
584,001
69,995
39,239
7,682,495
7,721,734
Fixtures
and
fittings
£
118,520
966
119,486
118,053
392
118,445
1,041
467

continued...

Page 19

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

12. TANGIBLE FIXED ASSETS - continued

COST
At 1 October 2019
Additions
At 30 September 2020
DEPRECIATION
At 1 October 2019
Charge for year
At 30 September 2020
NET BOOK VALUE
At 30 September 2020
At 30 September 2019		 Motor
vehicles
£
8,381
-
8,381
8,381
-
8,381
-
-		 Computer
equipment
£
71,587
5,212
76,799
68,270
2,984
71,254
5,545
3,317		 Totals
£
4,807,903
10,821
4,818,724
332,360
12,764
345,124
4,473,600
4,475,543

The Freehold Land and Buildings were valued on 19 February 2019 at £4,450,000 on the basis of Existing Use Value by Now Chartered Surveyors, and are disclosed at that value. The trustees consider that there has been no change in value during the year.

13. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 October 2019
Additions
Disposals
Revaluations
At 30 September 2020
NET BOOK VALUE
At 30 September 2020
At 30 September 2019		 Listed
investments
£
3,121,067
482,987
(668,634)
(68,008)
2,867,412
2,867,412
3,121,067		 Unlisted
investments
£
2
-
-
-
2
2
2		 Totals
£
3,121,069
482,987
(668,634)
(68,008)
2,867,414
2,867,414
3,121,069

There were no investment assets outside the UK.

continued...

Page 20

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

13. FIXED ASSET INVESTMENTS - continued

Cost value at 1 October 2019
Additions
Disposals
Net unrealised investment gains
Market value at 30 September 2020
Historical cost at 30 September 2020		 2020
2019
£
£
2,255,460
2,268,173
482,987
292,400
(597,845)
(305,113)
726,810
865,607
2,867,412
3,121,067
2,140,602
2,255,460

The figure shown for unrealised gain does not necessarily indicate the gain that will be made as these are determined by the proceeds received/market values at times of sales.

Unlisted investments
Burrows Lea Country House Ltd
Class of shares: Ordinary
% holding: 100
Aggregate capital and reserves
(Loss)/profit for the year
14.
STOCKS
Stocks
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Amounts owed by group undertakings
Other debtors
Income tax recoverable
Accrued income
Prepayments
Stock brokers account

continued...

Page 21

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Credit Card Cntrl
Accrued expenses
Deferred income		 2020
£
10,262
6,361
1,574
704
21,670
37,075
77,646		 2019
£
18,736
3,809
1,270
-
15,067
19,615
58,497

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Project fund
Fixed asset fund
Overheads reserve
Restricted funds
Staff fund
Special Aids donations
Memorial garden
Bluebell room
Sunflower Trust
TOTAL FUNDS		 At
1.10.19
£
830,742
1,000,000
4,475,544
1,400,000
7,706,286
84
7
9,828
5,529
-
15,448
7,721,734		 Net
movement
in funds
£
(291,162)
-
(1,943)
-
(293,105)
-
-
847
(100)
1,938
2,685
(290,420)		 At
30.9.20
£
539,580
1,000,000
4,473,601
1,400,000
7,413,181
84
7
10,675
5,429
1,938
18,133
7,431,314

continued...

Page 22

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed asset fund
Restricted funds
Memorial garden
Bluebell room
Sunflower Trust
TOTAL FUNDS		 Incoming
resources
£
440,033
2
440,035
947
-
4,944
5,891
445,926		 Resources
expended
£
(621,790)
(1,945)
(623,735)
(100)
(100)
(3,006)
(3,206)
(626,941)		 Gains and
Movement
losses
in funds
£
£
(109,405)
(291,162)
-
(1,943)
(109,405)
(293,105)
-
847
-
(100)
-
1,938
-
2,685
(109,405)
(290,420)

Comparatives for movement in funds

Unrestricted funds
General fund
Project fund
Fixed asset fund
Overheads reserve
Restricted funds
Window fund
Staff fund
Special Aids donations
Memorial garden
Bluebell room
TOTAL FUNDS		 At
1.10.18
£
781,849
1,000,000
4,483,679
1,400,000
7,665,528
241
84
7
9,381
7,254
16,967
7,682,495		 Net
movement
in funds
£
52,751
-
(11,993)
-
40,758
(241)
-
-
447
(1,725)
(1,519)
39,239		 Transfers
between
funds
£
(3,858)
-
3,858
-
-
-
-
-
-
-
-
-		 At
30.9.19
£
830,742
1,000,000
4,475,544
1,400,000
7,706,286
-
84
7
9,828
5,529
15,448
7,721,734

continued...

Page 23

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed asset fund
Restricted funds
Window fund
Memorial garden
Bluebell room
TOTAL FUNDS		 Incoming
resources
£
552,664
-
552,664
-
500
81
581
553,245		 Resources
expended
£
(569,908)
(11,993)
(581,901)
(241)
(53)
(1,806)
(2,100)
(584,001)		 Gains and
Movement
losses
in funds
£
£
69,995
52,751
-
(11,993)
69,995
40,758
-
(241)
-
447
-
(1,725)
-
(1,519)
69,995
39,239

Projects fund: The trustees have set aside this reserve for projects.

Fixed assets fund: This amount represents the net book value of the tangible fixed assets of the company. The trustees believe that this enables users of these accounts to more readily identify the funds that are available for the day to day running of the charity.

Overheads reserve: The trustees have set aside this reserve as a prudent measure against future overheads. It equates to approximately two years expenditure.

Window fund This fund was set up to replace and maintain the windows of the premises.

Staff fund This fund is to record donations made to support and thank the staff.

Special Aids This fund was set up to buy specific items to aid the less mobile visitors and to aid donations their access.

Memorial garden Donation are received to maintain the memorial garden.

Bluebell room This fund was set up for people to donate to maintain the special atmosphere and equipment in the Bluebell room.

Memorial bench Monies are donated to erect a bench in part of the garden. Once installed, the balance fund is transferred over to the memorial garden fund to maintain the garden.

continued...

Page 24

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020

18. RELATED PARTY DISCLOSURES

At the year end Harry Edwards Healing Sanctuary was owed £32,426 from Burrows Lea Country House Limited, a wholly owned subsidiary (2019 - £26,752).

Burrows Lea Country House Limited made no donations to Harry Edwards Healing Sanctuary this year (2019 - £7,184) due to not having taxable income.

Page 25

HARRY EDWARDS HEALING SANCTUARY LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2020

INCOME AND ENDOWMENTS
Donations and legacies
Gift Aid
Donations
Legacies received (gross)
Other trading activities
Raffle
Other income
Appointments
Investment income
Investment income (gross) and interest on
deposits
Other income
Income from courses
Rents received
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Magazine costs
Publicity
Advertising
Friends expenses
Distant healing costs
Course costs
Other expenditure
Plant and machinery
Fixtures and fittings
Computer equipment
Charitable activities
Wages
Social security
Carried forward		 2020
£
35,777
56,086
142,306
234,169
5,086
36,977
16,613
58,676
73,016
35,980
44,085
80,065
445,926
23,339
24,101
-
943
4,591
98
14,690
5,551
552
23
176
74,064
311,707
25,350
337,057		 2019
£
34,113
78,775
226,043
338,931
-
6,477
29,365
35,842
93,561
21,774
63,137
84,911
553,245
20,028
25,708
1,104
952
9,426
743
18,041
3,489
572
42
135
80,240
296,375
20,655
317,030

This page does not form part of the statutory financial statements

Page 26

HARRY EDWARDS HEALING SANCTUARY LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2020

Charitable activities
Brought forward
Pensions
Sundries
Plant and machinery
Fixtures and fittings
Computer equipment
Support costs
Management
Rates and water
Insurance
Light & heat
Telephone
Printing, stationery & postage
Computer costs
Repairs & Renewals
Garden expenses
Motor & travelling
Bank charges
Legal & professional fees
Governance costs
Trustees' expenses
Wages
Auditors' remuneration
Professional fees
Total resources expended
Net expenditure before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net expenditure		 2020
£
337,057
8,712
1,667
8,837
369
2,808
359,450
6,841
7,908
29,543
6,044
4,739
28,627
43,223
7,449
1,493
2,751
11,028
149,646
963
12,768
8,280
21,770
43,781
626,941
(181,015)
(8,419)
(189,434)		 2019
£
317,030
6,149
6,737
8,584
630
2,030
341,160
5,790
7,484
19,456
6,791
5,259
21,955
33,443
6,844
1,214
2,805
10,077
121,118
2,050
5,698
8,448
25,287
41,483
584,001
(30,756)
9,475
(21,281)

This page does not form part of the statutory financial statements

Page 27