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← Harry Edwards Healing Sanctuary Limited

2023-09-30-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 2023

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 2023

Page
Reference and administrative details 1
Report of the trustees 2 to 7
Report of the independent auditors 8 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 28

HARRY EDWARDS HEALING SANCTUARY LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 30 September 2023

TRUSTEES

Mrs S G Bell (resigned 27.9.23) Mr M D Thomas Mrs T Leyman (resigned 27.9.23) Ms A Skelly (resigned 27.9.23) Mr A A Moore Mr G A Cheetham (appointed 8.3.23) Ms N M Proudlock (appointed 8.3.23) Mr R J Stuttle (appointed 8.3.23) Mr M J Herdman (appointed 8.3.23) (resigned 27.9.23) T N Von Spreckelsen (appointed 8.3.23) (resigned 9.6.23)

REGISTERED OFFICE

Burrows Lea Hook Lane Shere Guildford Surrey GU5 9QG

REGISTERED COMPANY 04731491 (England and Wales) NUMBER

REGISTERED CHARITY NUMBER 1098712

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 2023

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 2023. 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 2023

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. We restrict our recruitment of 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 charity's magazine (The Healer), which was introduced by Harry Edwards and has been continuously issued ever since, we ensure 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 wherever they may be, and also for world peace and understanding. This facility has been extended by broadcasting the morning event live on social media 5 days per week.

A major part of our work is in 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 healers. Our contact healing services are available 7 days a week. 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 2023

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.

Public benefit

The charity benefits the public by providing information about spiritual healing and wellness, via our donation only magazine (The Healer) issued quarterly, and through leaflets, the charity's website, and Social Media posts (Facebook, Instagram, YouTube and X).

The charity offers at Burrows Lea a daily contact healing service in private Healing Rooms. This service is also donation only.

We 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. 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 & 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.

STRATEGIC REPORT

Achievement and performance

Charitable activities

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 Clients 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 10,695 requests for healing during the period. The requests received each day are read by qualified spiritual healers. 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 contemplation in the Sanctuary.

The charity's annual Fairs continue to attract new and returning visitors. The weekly program on various social media platforms including Zoom and Facebook continues to be developed. These Platforms continue to be very successful with substantial numbers taking advantage of the opportunity to participate and experience healing activities remotely.

As with our Fairs and Open Days, our normal programme of activities is being reviewed and increased through modalities that incorporate wellness and wellbeing.

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. After many years trading, the subsidiary company was able to remove its call on that secured loan facility, which was a 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 number of staff employed are adjusted from time to time to meet the needs of the charity.

Page 4

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2023

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 continues to be 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 £2,204,962 compared with £2,389,711 at 30 September 2022. The decrease in market value was £14,181 compared with the decrease in market value of £260,903 at 30 September 2022. 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 £385,231 (2022:£353,537) including unrestricted investment income of £59,147 (2022: £60,188). Restricted voluntary income of £10,770 (2022:£5,502) was also received, so that total incoming resources for the year were £396,001 (2022:£359,039).

However, during the year unrestricted funds resources expended amounted to £723,355 (2022:£712,781) of which £126,440 (2022:£125,843) was the cost of generating voluntary income. £550,259 (2022:£537,201) was charitable expenditure relating to contact and distant healing work and education activities, and £46,656 (2022:£49,737) was governance costs. Charitable expenditure of £10,231 (2022:£8,483) was expended on restricted fund. Total resources expended was £733,586 (2022:£721,264).

The resulting outflow of resources £337,585 (2022:£362,225) was offset by realised gain/(loss)on the sales of investment assets of £62,553 (2022: £17,742 loss) and net unrealised gain/(loss) on investment assets of £685,819 (2022: £260,903 loss) which included revaluation gain of the property of £700,000 during the year.

There is a continuing need to increase voluntary income and to maintain rental income from three residential properties owned by the charity at Burrows Lea. Ongoing maintenance & repairs to property stock were undertaken during the period.

Future developments

The major financial concern for the charity continues to be the volatility of its voluntary income. The dividends and interest received from its investment portfolio are insufficient to cover 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.

Page 5

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2023

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.

During 2022/2023. 3 new Trustees were appointed and 5 stood down. We currently have 3 trustees who have served for less than 5 years, 1 who has served for 6 years and 1 who has served for 3 years.

Organisational structure

The trustees, who administer the charity, meet as a body at least six 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 including responsibility for the Operations staff. The charities externally focussed interests were managed by a paid Director of Business Development.

Induction and training of new trustees

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. Any distributable profits are donated to the charity.

Risk management

The trustees have assessed and put in place appropriate policies to address the major risks to which the charity is exposed, 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).

Page 6

HARRY EDWARDS HEALING SANCTUARY LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

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

The auditors, Berringers LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a Strategic report, approved by order of the board of trustees, as the company directors, on 3 September 2024 and signed on the board's behalf by:

Mr A A Moore - Trustee

Page 7

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 2023 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).

In our opinion the financial statements:

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

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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 this gives rise to a material misstatement in the financial statements themselves. 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 8

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and error, we considered the following:

Our procedures to respond to risk include the following:

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.

Page 9

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

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.

Paul Allan BSoc Sc 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

3 September 2024

Page 10

HARRY EDWARDS HEALING SANCTUARY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the year ended 30 September 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
Raising funds
5
Charitable activities
6
Governance costs
Charitable expenditure
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
181,672
77,580
59,147
66,832
385,231
126,440
126,440
46,656
550,259
723,355
62,553
(275,571)
685,819
410,248
6,951,356
7,361,604		 Restricted
funds
£
10,770
-
-
-
10,770
-
-
-
10,231
10,231
-
539
-
539
16,444
16,983		 2023
Total
funds
£
192,442
77,580
59,147
66,832
396,001
126,440
126,440
46,656
560,490
733,586
62,553
(275,032)
685,819
410,787
6,967,800
7,378,587		 2022
Total
funds
£
169,071
56,737
60,188
73,043
359,039
125,843
125,843
49,737
545,684
721,264
(17,742)
(379,967)
(260,903)
(640,870)
7,608,670
6,967,800

The notes form part of these financial statements

Page 11

HARRY EDWARDS HEALING SANCTUARY LIMITED (REGISTERED NUMBER: 04731491)

BALANCE SHEET 30 September 2023

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
£
5,160,549
2,204,962
7,365,511
13,390
55,923
19,625
88,938
(92,845)
(3,907)
7,361,604
7,361,604		 Restricted
funds
£
-
-
-
-
-
16,983
16,983
-
16,983
16,983
16,983		 2023
Total
funds
£
5,160,549
2,204,962
7,365,511
13,390
55,923
36,608
105,921
(92,845)
13,076
7,378,587
7,378,587
7,361,604
16,983
7,378,587		 2022
Total
funds
£
4,461,679
2,389,711
6,851,390
14,862
109,639
76,588
201,089
(84,679)
116,410
6,967,800
6,967,800
6,951,356
16,444
6,967,800

The financial statements were approved by the Board of Trustees and authorised for issue on 3 September 2024 and were signed on its behalf by:

Mr A A Moore - Trustee

The notes form part of these financial statements

Page 12

HARRY EDWARDS HEALING SANCTUARY LIMITED

CASH FLOW STATEMENT for the year ended 30 September 2023

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 tangible fixed assets
Sale of fixed asset investments
Interest received
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		 2023
£
(263,746)
(263,746)
(9,357)
(1,316,521 )
-
1,549,642
2
223,766
(39,980)
76,588
36,608		 2022
£
(336,213)
(336,213)
(3,030)
(364,914)
450
728,820
-
361,326
25,113
51,475
76,588

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 2023

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
£ £
Net expenditure for the reporting period (as per the Statement of
financial activities) (275,032) (379,967)
Adjustments for:
Depreciation charges 10,488 9,592
(Gain)/losses on investments (62,553) 17,742
Profit on disposal of fixed assets - (450)
Interest received (2) -
Decrease in stocks 1,472 4,681
Decrease in debtors 53,715 4,210
Increase in creditors 8,166 7,979
Net cash used in operations (263,746) (336,213)
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.10.22 Cash flow At 30.9.23
£ £ £
Net cash
Cash at bank and in hand 76,588 (39,980) 36,608
76,588 (39,980) 36,608
Total 76,588 (39,980) 36,608

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 2023

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.

Preparation of consolidated financial statements

The financial statements contain information about Harry Edwards Healing Sanctuary Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Allocation and apportionment of costs

Various support costs were apportioned and allocated to Raising funds on the ratio based on 1 divided by the number of full time staff employed.

Wages were apportioned and allocated to Raising funds on the ratio based on 1 divided by the number of full time staff employed.

Wages were apportioned and allocated to Support costs on 10% of the administration staff costs.

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 - 20% on cost Fixtures and fittings - 20% 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.

Page 15

continued...

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

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. Net gains and losses on investments is calculated on sale price less market value at the start of the year.

2. DONATIONS AND LEGACIES

Gift Aid
Donations
Legacies received (gross)
3.
OTHER TRADING ACTIVITIES
Income from courses
Raffle
Other income
Appointments
4.
INVESTMENT INCOME
Investment income (gross) and interest on deposits
Deposit account interest		 2023
£
37,379
69,418
85,645
192,442
2023
£
36,760
110
21,865
18,845
77,580
2023
£
59,145
2
59,147		 2022
£
36,420
64,313
68,338		 2022
£
36,420
64,313
68,338
169,071
2022
£
33,950
337
6,891
15,559
56,737
2022
£
60,188
-
60,188

Page 16

continued...

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

5. RAISING FUNDS

RAISING FUNDS
2023
£
Staff costs
22,323
Magazine costs
12,191
Advertising & publicity
8,250
Friends expenses
11,413
Course costs
23,807
Other expenditure
10,907
Rent agent fees
9,548
Investor broker fees
15,589
Depreciation
582
Support costs
11,830
126,440
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 7)
£
£
Governance costs
-
46,656
Charitable expenditure
379,114
181,376
379,114
228,032
SUPPORT COSTS
Governance
Management
costs
£
£
Raising donations and legacies
10,351
1,479
Governance costs
-
46,656
Charitable expenditure
175,976
5,400
186,327
53,535		 2022
£
25,114
15,694
1,301
7,870
25,464
12,155
8,203
18,386
505
11,151
125,843
Totals
£
46,656
560,490
607,146
Totals
£
11,830
46,656
181,376
239,862

6. CHARITABLE ACTIVITIES COSTS

7. SUPPORT COSTS

Various support costs were apportioned and allocated to Raising funds on the ratio based on 1 divided by the number of full time staff employed.

Wages were apportioned and allocated to Support costs on 10% of the administration staff costs.

continued...

Page 17

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

7. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Rates and water
Insurance
Light & heat
Telephone
Printing, stationery &
postage
Computer costs
Repairs & Renewals
Garden expenses
Motor & travelling
Bank charges
Training
Trustees' remuneration etc
Wages
Auditors' remuneration
Professional fees		 Raising
donations
and
Governance
Charitable
legacies
costs
expenditure
£
£
£
534
-
9,077
582
-
9,892
2,104
-
35,767
1,015
-
17,263
598
-
10,157
1,452
-
24,685
3,316
-
56,376
331
-
5,627
41
-
704
144
-
2,447
234
-
3,981
-
-
5,400
-
10,982
-
-
10,540
-
1,479
25,134
-
11,830
46,656
181,376		 2023
Total
activities
£
9,611
10,474
37,871
18,278
10,755
26,137
59,692
5,958
745
2,591
4,215
5,400
10,982
10,540
26,613
239,862		 2022
Total
activities
£
6,102
9,549
38,003
16,399
9,829
34,610
32,948
5,676
219
2,641
5,806
2,553
11,695
11,900
27,776
215,706

8. NET INCOME/(EXPENDITURE)

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

2023 2022
£ £
Auditors' remuneration 10,540 11,900
Depreciation - owned assets 10,487 9,593
Surplus on disposal of fixed assets - (450)

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.

Trustees' expenses

Trustees' expenses
2023 2022
£ £
Trustees' expenses 5,400 2,553

continued...

Page 18

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

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		 2023
£
364,404
23,350
9,053
396,807
2023
2
16
18		 2022
£
377,956
24,934
10,929
413,819
2022
2
17
19

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

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Raising funds
Charitable activities
Governance costs
Charitable expenditure
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
Other recognised gains/(losses)		 Unrestricted
funds
£
163,569
56,737
60,188
73,043
353,537
125,843
125,843
49,737
537,201
712,781
(17,742)
(376,986)
(3,275)		 Restricted
funds
£
5,502
-
-
-
5,502
-
-
-
8,483
8,483
-
(2,981)
3,275		 Total
funds
£
169,071
56,737
60,188
73,043
359,039
125,843
125,843
49,737
545,684
721,264
(17,742)
(379,967)
-

continued...

Page 19

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Gains/(losses) on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
12.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST OR VALUATION
At 1 October 2022
4,450,000
Additions
-
Revaluations
700,000
At 30 September 2023
5,150,000
DEPRECIATION
At 1 October 2022
-
Charge for year
-
At 30 September 2023
-
NET BOOK VALUE
At 30 September 2023
5,150,000
At 30 September 2022
4,450,000		 Plant and
machinery
£
165,570
-
-
165,570
159,445
6,125
165,570
-
6,125		 Unrestricted
funds
£
(260,903)
(641,164)
7,592,520
6,951,356
Fixtures
and
fittings
£
119,486
-
-
119,486
118,894
113
119,007
479
592		 Restricted
funds
£
-
294
16,150
16,444
Computer
equipment
£
81,809
9,357
-
91,166
76,847
4,249
81,096
10,070
4,962		 Total
funds
£
(260,903)
(640,870)
7,608,670
6,967,800
Totals
£
4,816,865
9,357
700,000
5,526,222
355,186
10,487
365,673
5,160,549
4,461,679

Cost or valuation at 30 September 2023 is represented by:

Valuation in 2017
Valuation in 2018
Valuation in 2023
Cost		 Freehold
property
£
696,513
(50,000)
700,000
3,803,487
5,150,000		 Plant and
machinery
£
-
-
-
165,570
165,570		 Fixtures
and
fittings
£
-
-
-
119,486
119,486		 Computer
equipment
£
-
-
-
91,166
91,166		 Totals
£
696,513
(50,000)
700,000
4,179,709
5,526,222

continued...

Page 20

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

12. TANGIBLE FIXED ASSETS - continued

The Freehold Land and Buildings were valued on 9 August 2023 at £5,150,000 on the basis of Existing Use Value by Coverwood Chartered Surveyors, and are disclosed at that value.

13. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 October 2022
Additions
Disposals
Revaluations
At 30 September 2023
NET BOOK VALUE
At 30 September 2023
At 30 September 2022
There were no investment assets outside the UK.		 Listed
investments
£
2,389,709
1,316,521
(1,487,089 )
(14,181)
2,204,960
2,204,960
2,389,709		 Unlisted
investments
£
2
-
-
-
2
2
2		 Unlisted
investments
£
2
-
-
-
2
2
2		 Totals
£
2,389,711
1,316,521
(1,487,089 )
(14,181)
2,204,962
2,204,962
2,389,711		 Totals
£
2,389,711
1,316,521
(1,487,089 )
(14,181)
2,204,962
2,204,962
2,389,711		 Totals
£
2,389,711
1,316,521
(1,487,089 )
(14,181)
2,204,962
2,204,962
2,389,711
2023 2022
£ £
Cost value at 1 October 2022 1,973,519 2,138,723
Additions 1,316,521 364,914
Disposals (1,254,309 ) (530,118)
Historical cost at 30 September 2023 2,035,731 1,973,519
Unlisted investments
Burrows Lea Country House Ltd
Class of shares: Ordinary
% holding: 100
2023 2022
£ £
Aggregate capital and reserves (31,305) (29,450)
(Loss)/profit for the year (1,855) 4,124

continued...

Page 21

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

14.
STOCKS
Stocks
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Amounts owed by group undertakings
Accrued income
Prepayments
Stock brokers account
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Credit Card
Accrued expenses
Deferred income		 2023
2022
£
£
13,390
14,862
2023
2022
£
£
3,228
-
34,735
12,431
2,495
2,242
12,589
10,168
2,876
84,798
55,923
109,639
2023
2022
£
£
29,956
17,512
7,411
7,705
4,484
2,752
441
653
13,993
19,086
36,560
36,971
92,845
84,679		 2022
£
14,862
2022
£
-
12,431
2,242
10,168
84,798
2022
£
17,512
7,705
2,752
653
19,086
36,971
84,679

continued...

Page 22

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

17. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Projects fund
Fixed asset fund
Overheads reserve
Restricted funds
Staff fund
Special Aids donations
Memorial garden
Bluebell room
Sunflower Trust
Scholarship trust fund
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Fixed asset fund
Restricted funds
Memorial garden
Bluebell room
Sunflower Trust
Scholarship trust fund
TOTAL FUNDS		 At
1.10.22
£
89,676
1,000,000
4,461,680
1,400,000
6,951,356
84
7
11,653
4,700
-
-
16,444
6,967,800
s follows:
Incoming
resources
£
385,231
-
385,231
520
-
9,250
1,000
10,770
396,001		 Net
movement
in funds
£
(288,621)
-
698,869
-
410,248
-
-
(680)
(4,540)
4,759
1,000
539
410,787
Resources
expended
£
(722,224)
(1,131)
(723,355)
(1,200)
(4,540)
(4,491)
-
(10,231)
(733,586)		 Transfers
between
funds
£
350,000
-
-
(350,000)
-
-
-
-
-
-
-
-
-
Gains and
losses
£
48,372
700,000
748,372
-
-
-
-
-
748,372		 At
30.9.23
£
151,055
1,000,000
5,160,549
1,050,000
7,361,604
84
7
10,973
160
4,759
1,000
16,983
7,378,587
Movement
in funds
£
(288,621)
698,869
410,248
(680)
(4,540)
4,759
1,000
539
410,787

continued...

Page 23

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Projects fund
Fixed asset fund
Overheads reserve
Restricted funds
Staff fund
Special Aids donations
Memorial garden
Bluebell room
Sunflower Trust
Rose Garden Pond
TOTAL FUNDS		 At
1.10.21
£
724,278
1,000,000
4,468,242
1,400,000
7,592,520
84
7
10,643
5,416
-
-
16,150
7,608,670		 Net
movement
in funds
£
(631,327)
-
(6,562)
-
(637,889)
-
-
1,010
(716)
(2,765)
(510)
(2,981)
(640,870)		 Transfers
between
funds
£
(3,275)
-
-
-
(3,275)
-
-
-
-
2,765
510
3,275
-		 At
30.9.22
£
89,676
1,000,000
4,461,680
1,400,000
6,951,356
84
7
11,653
4,700
-
-
16,444
6,967,800

Comparative 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
Rose Garden Pond
TOTAL FUNDS		 Incoming
resources
£
353,536
1
353,537
2,450
7
2,935
110
5,502
359,039		 Resources
expended
£
(706,218)
(6,563)
(712,781)
(1,440)
(723)
(5,700)
(620)
(8,483)
(721,264)		 Gains and
Movement
losses
in funds
£
£
(278,645)
(631,327)
-
(6,562)
(278,645)
(637,889)
-
1,010
-
(716)
-
(2,765)
-
(510)
-
(2,981)
(278,645)
(640,870)		 Gains and
Movement
losses
in funds
£
£
(278,645)
(631,327)
-
(6,562)
(278,645)
(637,889)
-
1,010
-
(716)
-
(2,765)
-
(510)
-
(2,981)
(278,645)
(640,870)
(637,889)
1,010
(716)
(2,765)
(510)
(2,981)
(640,870)

continued...

Page 24

HARRY EDWARDS HEALING SANCTUARY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

17. MOVEMENT IN FUNDS - continued

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 1.5 years of overheads.
Sunflower trust This fund was set up to support Healers working in NHS hospitals.
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 their
donations 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.
Rose garden The fund was set up to help support the renovation of The Sanctuary Pond.

18. RELATED PARTY DISCLOSURES

During the year wages of £Nil (2022: £14,290) was cross charged to Burrows Lea Country House Limited. Last year wages was cross charged by apportioning 20% and 10% of Events and Marketing cost centres salaries respectively. Approximately 2% were also apportioned from various salary cost centres such as Finance, Development & Growth, Human Resources & Admin etc. Various share costs such as Rates, Water rates cross charged at 10%, Light and Heat 20%,Telephone at 12% and Insurance at 15% of the total cost during the year. At the year end Harry Edwards Healing Sanctuary was owed £34,735 from Burrows Lea Country House Limited, a wholly owned subsidiary (2022 - £12,431).

Burrows Lea Country House Limited made no donations to Harry Edwards Healing Sanctuary this year (2022: £Nil) due to not having taxable income.

Page 25

HARRY EDWARDS HEALING SANCTUARY LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2023

INCOME AND ENDOWMENTS
Donations and legacies
Gift Aid
Donations
Legacies received (gross)
Other trading activities
Income from courses
Raffle
Other income
Appointments
Investment income
Investment income (gross) and interest on deposits
Deposit account interest
Other income
Gain on sale of tangible fixed assets
Rents received
Other income from JRS
Total incoming resources
EXPENDITURE
Raising funds
Wages
Magazine costs
Advertising & publicity
Friends expenses
Course costs
Other expenditure
Rent agent fees
Investor broker fees
Plant and machinery
Carried forward		 2023
£
37,379
69,418
85,645
192,442
36,760
110
21,865
18,845
77,580
59,145
2
59,147
-
66,832
-
66,832
396,001
22,323
12,191
8,250
11,413
23,807
10,907
9,548
15,589
340
114,368		 2022
£
36,420
64,313
68,338
169,071
33,950
337
6,891
15,559
56,737
60,188
-
60,188
450
70,938
1,655
73,043
359,039
25,114
15,694
1,301
7,870
25,464
12,155
8,203
18,386
336
114,523

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 2023

Raising funds
Brought forward
Fixtures and fittings
Computer equipment
Charitable activities
Wages
Social security
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
Training
Governance costs
Trustees' expenses
Wages
Auditors' remuneration
Professional fees
Total resources expended
Net expenditure before gains and losses
Realised recognised gains and losses
Carried forward		 2023
£
114,368
6
236
114,610
331,099
23,350
9,053
5,706
5,786
107
4,013
379,114
9,611
10,474
37,871
18,278
10,755
26,137
59,692
5,958
745
2,591
4,215
186,327
5,400
10,982
10,540
26,613
53,535
733,586
(337,585)
(337,585)		 2022
£
114,523
5
164
114,692
341,147
24,934
10,929
4,769
6,043
98
2,946
390,866
6,102
9,549
38,003
16,399
9,829
34,610
32,948
5,676
219
2,641
5,806
161,782
2,553
11,695
11,900
27,776
53,924
721,264
(362,225)
(362,225)

This page does not form part of the statutory financial statements

Page 27

HARRY EDWARDS HEALING SANCTUARY LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2023

Realised recognised gains and losses
Brought forward
Realised gains/(losses) on fixed asset investments
Net expenditure		 2023
£
(337,585)
62,553
(275,032)		 2022
£
(362,225)
(17,742)
(379,967)

This page does not form part of the statutory financial statements

Page 28