Comparty registratioii number.. 05477576 Charity Tegistralion number: 1111058 St Luke's Centre (A company limiled by guaranlee) Annual Report and Financial Statements for the Year Ended 30 June 2024
St Luke's Centre Contents R¢fereii¢¢ and Adiiiinistraliv¢ D¢tails Trustees, Report 2toS Statement of Trnstees, ResponsibilTrties Independejit Examinerfs Report Slalemenl of Financial Aclivitles Balance Sheet Notes to th¢ Fillancinl Sthtemenls Ioto 18
St Luke's Centre Reference and Adndnlstratlve Details Trustees Chair: Revered Dr Q R Conjiors. O'carn). (appointed 10 June 2024) Chair: Rev Dr J G O'Praem, (resigued 10 Jiui¢ 2024) Dr M M L¢yd¢n Archbishop K Oryleily, (r¢sign¢d 15 April 2024) Rt Revd DT D J Oakley Mrs A M Houghton, (resigned l O May 2024) Mr P O'Dowd Sr M Hanr8han Rev Fr E Mulcahy Rev Dr G H Maguiness Mrs D Allen Most Rev R Brown, (appoinied 15 April 2024) Secretary Rev Dr G Fi¢ldliouse-Byrne Clilef Executlve Offlcer Rev Dr G Fieldhous¢ Byrn¢ Prliiclpal Offlce Danesfield Whalley Road Man¢he8ter Lancashir¢ M168BT Tlie charity is incorporated in Ejiglftnd and Wales. 05477576 Company ReglstrAtlon Number Cliarlty Reg15tratlon Number 1111058 Sollcltori Stone King LLP 13 Queen Square Bath BAI 2HJ Binkers HSBC plc Farnborougli 2 Vicloria Road North Farnborough Hampshire GU14 7NX ljidependent Examlner Helen Binns FCA (ICAEW) Beever and Slwlhws One Express l Georg¢ Lcigh Str¢¢t Manchester M4 5DL Page I
St Luke's Centre Trustees, Report The tn151ees, Ivho are directors for Ille purposes of company law, present ihe annual report together will? Llie rijiancial slatenienls of the cllaritable ¢oinpany for th¢ year ended 30 Jiill¢ 2024. Structure) governanee and m4nAgeinent Naliir¥ ofgoveriiiiig docuiiieiif Sl Luke's Cenii'e is a company limited by guarantee and governed by ils Memorandum and Ailicle8 of Association daied l O Julie 2005, as alnended by speLial resoliition dated 16 January 2007. Recriilliiienl niid appoliiliiieiit oflriisl¢es Tlie Iruslce5 of St I,iikc's C¢iitre are carefiilly r¢crniled lo briiig a diverse range of skills, experieiices, and persp¢¢lives lo the organisalioii. They conie from a vnricty of backgrounds, iiicliiding clergy, religioiis and lay people, etisuring a balanced represei)lalion of viewpoinls. Many trusiees also liold posilioiis ivilli oih¢r charilies, briiiging valuable expertise iii goveriiance and straiegic plamiing. This brood speclruin of experieiice enhances the Ceiitre'5 capacity lo advance ils missioii etlectii'ely and, wliere appropriate, addi'ess any challenges, Reciuilinent etTor18 focus on ideiilifying individuals whose values align iviih those of Si Luke's Cenlre and ivho can contribute nieaniiigfiilly to its long-lem] goals. By mainlaining a robust aiid diverse board, the Centre ensures il reinains Adaplable and ivell*quipp¢d io serve its community. liiducftom aiid tralnliig of triisle¢s The induction aiid Irait)iiig process for Tnjslees includes meeliiig key persontiel froni Ilie Centre ai)d Board Inembers. Fainiliarisalioii ivilh Ilie ht.%lory and curreiit orgaiiisalional nlakc-up of the Ceiitre is facilitated. The members of the Operations Coinmiiiee meet willi new Board rneiiibers prior lo Ilieir firsi meeting, Oiigoing development is facilitated tor each Board member. Oigfinlsallonal sipucliire The ov¢rHII goverjiance of the ¢ettire 18 under Ilie CODtrol of a Board ofTn)stees. Giveii 11)e legncy aiid relalioiiship ivith the St Luke's Iiisiillllc ('SLI') iii Ilie Ui)iled Slal¢s, alongside ihe itiilial trustees wliicl) represent The Catliolic Bishops of Englaiid ftiid Wales, The Catholic Bishops of ireland, The Culliolic Bishops of Scotland aiid The Coiiferencc of Religious iii the UK ai)d Ireland, Ilie Presid¢i)l of SLI is ex officio the Cliair of TsleeS. There are four luy tNsle¢s. Ai ihe slarl of this fin8llLial period, the chaImlI of the Trnslees ivas the Reverend Dr Jatnes Garvey O.Proem (President of SLI) Ivlio look 01¢¢ Isl February 2023. Dr Garvey was succeeded by Reverend Dr Quiiiii R. Coilliei's, O.C&rin oil the l Otli June 2024. Dr Coimers was present at the July 2024 Board Meeling. Duriiig tliis period Mrs Aiin M Hoiighlon resigned froin Ilie board l Oili May 2024. Arclibishop Kierai) O'Reilly was su¢¢c¢ded by Most Revereiid Rayniond Browj {Bisliop of Kerry) on 15tli April 2024 as tlle repi-esenlative of the Bishops, Coiiferetice of Ireland. Bishop Brown wa5 present for Ihe July 2024 nieetiiig. The Iruslees brins a wealth of experienc¢ lo the Cenlre, draiying on Iheir dtverse professional and personal backgrounds, Their exp¢rt15e spans a wide range of fields, including leadership roles ii) Diocesan structtir¢s, religious organisations, charil¢ible org&Disolions, business management, education, liealthcare and finunce. This collective knoivledg¢ eqiiips the Centre with the skills and perspectives needed to ensure effective governanc¢ vhile advancliig kts misslon. The centre is Mianaged on a day lo day basis by the Executive Director, Reverend Dr G Fieldhouse-Bynie, Ivith the assistance of ali organisalioilal con)mittee and a small t¢am of experienced staff. Regular oiiline meeting,$ wilh Ilic Chairmaii and department leads at St Luke's occur us pai't of general governance and are supported by bcst pi'aclice shariiig dtscussions betsveen SLI Maryland and SLC Manchesler. Page 2
St Luke's Centre Trustees, Report Major rlsks and iiianageiiienl ofihose risks The niajor risks, lo which the Charithble Company may bc exposcd. as identified by the trnstees. h&ve been review¢d and systems have been established lo offset those risks. ObJe¢tlvt8 and Aetlvltles Objects aipms St Liike's Centre participates in the healing ministy of ChrÉsl by promoting the health and well-being of Roman Catliolic clergy, womeii and nien cat)didates for the ministry in tlie Romati Caiholic Cliurch in England, Scotland, Treland and Wales. To ac¢oinplisli ow ministry, we will work clos¢ly with Di0¢¢ses and Religious Congregations lo provide iiidividual assessment and cvaluation, caiididatc ass¢ssinei)I, oulpalient iherapyi tailored educalioi) and ivellness programtnes atid conduct rcs¢ar¢h. We will wse our prof¢ssional traii)ing and working i'elalioiiships ivilli iiational bodies to offer off-sil¢ Dioce5anlReligious Community based consultation. Where posstble we will share best practice and our services with international bodies and religious inslilulions. As an independent facility, the eentre will conduct its ministy in accord8nc¢ with best ¢lini¢al practice and in liamlony willi tlie teachings of tlie Gospel aiid the Roman Catholic Churcli. Piibllc benejli The truslees confimi that they hove complied with the requirements of section 4 of the Chariii¢s Act 2011 to have due regArd to the piiblic benefil guidance published by the Charily Commissioii for England and Wales. AS slated above Ilie cenlre enga¥e5 in i)uny services Iliat A of benefit lo individuals, groiips and iiilernalional bodies. In tliis past ycar tlie Ccnlrc has sliared best pra¢lic¢ aiid otigoiiig collaboration with tli¢ l¢ad¢rsliip and formation teams for the Salvation Am]y in the UK. Aclileveinents and perforniAnee The Centre has Continued lo consolidale the noll-residenlial Servic in th¢ various asscssmcnt programmes aiid this h8s becom¢ the pref¢rred 8ss¢ssm¢nt route for most service users. Reports from participaiils and coijuttissioiiing clienls are consistei)tIy posilive. The Ceiilre still fa¢ilital¢s 'in-p¢rson' Assessnienls wheii request¢d. From Fcbniary 2025 participants will rcside in local hotels and ttavel into Ilie Celitre for ii)terviews atld feedback. In this past yeai., the dire¢lor of the Ceiilre has facilitated clergy workshops (Porlsmoulli Diocese) and formation seininars in Roine (VEC and Poniifical Scots College), Englaiid (Oscoll College and Salesions) and for the Safeguardiiig Licentiate at the Pontifical University in Rome. In May 2024, the director was asked to present at the Natioiial Safeguarding Coordiiialors, Coi)feTence in Leicester. This ivas an opportunlty to share best practice and inutual support. The prestnlation on Clergy inenthl health was positively received. In Jhiiufiry 2024, the Congregalioii for the Clgrgy ai the V&lic&n asked the direclor to present al ali international conferencg oli 'Ongoing Formation of Clcrgy.. Tl)is was the first time ihat the Cei)tre had been asked to offer iiiput al a Conference hosted by the Vatican and it was slated lat the invilalion came in respoijse to Ilie international reputatioi) of the Ccnlre's miiii51ry. The presenlalioii was v¢ry posilively rec¢iv¢d. Page 3
St Luke's Centre Trustees, Report The Centre continues to offer specialised consultation for Bishops, R¢ligious Superiors and DiocesHn Safegiiarding personn¢l. FlnAnefal i'evleii Tl)e charity has suffered a d¢fi¢il in the year of £36.528 (2023: £7.265). Pollcy on reserves At the year end the chRrity held total reserves of £197,952 (2023.. £234,480) of which £Ntl (2023: £Nil) are held in fixed assels leaving £197,952 (2023., £234,480) in free reserves. Although ili¢ Iruslees now have a cleai'er picttire of Ilic ongoijig operatitig costs of th¢ ccnlr¢, the level of incoine froin ils services is still unceilain given the nature of vocational disceriinieiil and fliicttioliiig nssessinent nunibcrs. Tllc fr¢¢ reserves at 30 Jiiiie 2024 pproxinialed to 9 niontlis, (2023: 9 moiitlis,) of ¢xp¢iiditui'e wliicl) is coiisid¢rcd lo b¢ reas0118ble. The charity does not ourrenily have an investment policy. Following the decliiie in inl¢resl rales and Ilie highly volatile nature of Ihe stock market, fviid8 have beeii retained oii a liquid basis. The Injstees are invesligaling the placement of fund5 on A short lo mcdiuin tenn basis with an eiliical inve.slinenl Fund. Plans for luture perlods Aliiis Cirtd kej, ubjecilvesforfmlure perlods During tliis past year the Twstees havc cslablislied a r¢¢witnienl coinmillee to facililalc Ilie scarch for and appointnjciil of a successor for the currei)t execuitve direclor. The Truslecs will 8ppoiiil th¢ sliccessor at the Jatiuary 2025 Boai'd Meelins, There ivill be a sigiiificaiit period of overlap for Ilie iieii, and ouigoiiig execiitive director witli Di. Fieldhou5e-Byme remiiiing in office until the end of September 2025. This period ivill enable the neiv execulive director io become eslablished in the role before taking on full responsibililies qt the C¢nlre. As reported in tl)e 2023 Tnislees Reporl, the relocalion of die Ceiitre has b¢¢n a mBjor priority for Ihe Tnistees in Ihis past period. In Ihe iiext period we plan lo relocate the Centre willi th¢ siipporl of slake liolders &iid fiiiaiicial backiiig of Ilie Bisliop5 Coiif¢r¢iice of England and Wales. Tli¢ proposed new sile 18 a foi'nier Proviiicial Coijvenl in the north of Mancliester. This planned move to a smaller facility ivill not impact iiegatively ihe number of services offered nor the ¢urreiil outreacl) areas iviiliin Ilie UK. Ireland and resl of the world. The Centre Temain5 coiiimirtcd lo consolidoling CUITenl services in Ilie new loLatton as wcll as responding to new developmental needs presented by stake holdeis and service users. Tlie appoiiilineiit of a iiew excciilive director and lh¢ relocntioi) of the Centre offers SLC th¢ opporttinity lo rAis¢ aivareiless and further collaboralion in r¢g&rd to tUre scrviccs offered lo stake holders, Golng concern After carefully considcring the Charity's financial position and prospects, combined with risks posed by the current unc¢rthiii cconomic environmettt. the Tnt¢¢S hav¢ chos¢n lo prepare the accounls on a goii)g concern basis. The Iruslees consid¢r Iliat tl)¢re are no malerial uncertaintie5 aboul th¢ Cl)8rilabl¢ Comp8nVs ability io conliniie as a going concern nor any significant arcas of uticertainty that aff¢ct thc canying value of assets Iicld by the cliarity. Page 4
St Luke's Centre Trustees, Report Thanl(s Du¢ to tlie naturc of th¢ ¢¢ntre's operalions it is not appropriat¢ to utilise volunteers in niost of its day to day acltvities. Tli¢ trustees wisli to thank all individuals and organisations who ¢oiilinue to eonlribute so geiierou$ly• bolh finaii¢ially and with services The annual report was approved by the trnstees of the Ch8ritabl¢ Company on 24 January 2025 and 8igncd on ils behalf by.. Dr M M Leydeii Tiste¢ R¢v Dr G Fi¢ldhoiisc-Bynie Coinpany Secretary Page 5
St Luke's Centre Statement of Trustees, Responsibllitles Tlie trustees (who are also the directors of St Lithe's Centre for ihe PUTposes of conipHiiy law) Are responsible for prepariiig the truslces, report and the fanCIal sialemenls ID accordance iviih 1¢ United Kingdom Accowiling Standards (United Kingdom Generally A¢c¢pted Accounling Practic¢) and applicable laiv and r¢gulatioi)s. Coinpai)y law requires the trustees lo prepare financial statements for each fiiiancial year. Under conipkny law the trustees musl iiol approve the finaiicial slalemenls unless they are salisfi¢d that they give a true and fair view of the slate of affairs of the charilable company and of ils inconiing resources 811d application of resources, includtng ils incon]¢ and expenditure, for thai period. In PTeparing these financial staleinenis, the trustees lli'e requircd 10: select suitable accoiinling policies and apply them consislenlly; observe Ilie nielhods And principles ill die Charities SORP; make judgements and ¢slimales that are rsoliable and prudent; state wliether applicable UK Accouiiling Standards h&ve been folloiv¢d, subjeci lo any niateriol departures disclosed and explained in the fiiiaiicial slalements. and prepai'e the financiRI slatemenls on Ihe going concern basis unless il is inappropriate to presiime that the ¢harilable conipaiiy will ¢ontinii¢ in business. Tlie Inislees are responsible for keeping ddeqiiate accoiiiiling records IhAI are sufficienl lo shoiv And exploiti the Cliarilable coinpaiiy's Iransllciions and disclose willi reasoiiable accuracy al aiiy liinc tlic finniicial position of tlie linrilabl¢ coinpany and enable thein lo Clisiire tliat Ilie financial slalciiiei)Is coiiiply ivilli tlic Cotnp8nies Act 2006. They are also responsible for safeguarding the ass¢ls of th¢ charilable conipany aiid lici)c¢ for takii)g reasonable steps for the preveiilion and deleclion of fraud and ollier irregularities. Approved by Ilie Iiiistees of Ihe cliarity on 24 January 2025 and signed on ils belialf by: Dr M M L¢ydcii Trustee Rev Dr G Fieldliousc. Coinpany Secrclary yrne Page 6
St Luke's Centre Independent Examlner's Report to the trustees of St Luke's Centre I report on the accoiinls of the charity for the year ended 30 June 2024 ivhicli are sel out on pages 8 lo 18 . Respectlve re5ponslbllltie5 of trustees and eiamlner The trustees (wlio are also tli¢ directors of tlie conjpany for th¢ purposes of company laiv) are r¢sponsible for Ilie preparatioii of the accounts. The trustees conBid¢r ihat an audit is not required for this year under sectioi) 144(2) of the Chilrities Act 2011 (Ilie 2011 Act) and that an indepejideiil examination is Jieeded. Havti)g salisficd Inyself that the charity is nol subject lo audit under company law and is eligible for indcpeiident examiiiation, it is my responsibility lo: examine the accounts under scction 145 of the 2011 Act. to follow the procedures laid down iii the gcn¢Yal Dir¢¢tions given by the Charity Commission under section 145{5)(b) of tlie 201 l Act; and to state whetl)er particiilar matters have con)e to my atlei)tion. Basls of Independent examlner's report My ¢xaniinalion was carried out in accordaiice wilh the gejieral Direciions giveii by ihe Charity Commissioii. An ¢xaminalion iii¢ludes a revi¢w of the accounling records kept by the charity and a comparison of the accounls presented ivith those records. It also includes considerf¢lion of any iinusual iteins or disclosures in the accounls, aiid seekiiig explaiiatioiis froin you as trustees concerniiig any such mfttters. The procedures Iindertaken do iiol provide all the evidence that would be required in an audit and coiisequenlly no opinion is giv¢Ai as to wl)¢lber the a¢¢ounts present ft 'trne Rnd fair view, aiid Ilie report is lin)ited lo tbosc n)atters sel out in the stateiiienl below. Independent examlner's 5talement Til ¢oniieclion with my cxaminalioii, no matter has come lo my attention: (l ) Ivhi¢h gives ine reasonable cause lo believe that in any material respect the requirements: to keep accounting records in aceordance with section 386 of the Companies Act 2006. and to prepare accounts whicli accord witli Ilie accounting records, comply with lh¢ accounlin8 reqiiii'enieiils of section 396 of Ilie CoJnp8uics Acl 2006 And with Ih¢ Inelhods and prin¢ipl¢s of the Stateii)cnt of RecoiThn¢nded Praclic¢.' Accouniing and Reporting by Charities have iiot been met. or (2) lo whi¢li, iii niy opinion, atteiilioi) should be drawn ii) order to eilable a proper uiiderstanding of the ac¢ouii18 to be reached. Helen Biniis l.'C'A (ICAEW) Beever and Struiliers Institute of Chartered Accounlanls in England and Wales One Express l Geoi'ge L¢igh Street Manchester M4 5DL Dat¢:..Al¥.l.Q.i.l.a.S.. Pag¢ 7
St Luke's Centre Statement of Flnancial Activities for the Year Ended 30 June 2024 (Includlllg Illcome and Expendlture Accoiint and Statemeiit of Total Recogiilsed Galns and Losses) Unrestrlcted funds Tolal 2024 TotAI 2023 Note Tncoine aiid Eiidowments from: Donations aiid legacies Churitdble uclivities Invesliiient iI)coine 15,300 188,920 3,043 15,300 188,920 3,043 78,697 215,346 1.390 Total liicoine 207,263 207,263 295,433 Expeiidlture on.. Cliarilable aclivi11¢s (243,791 243,791 302,698 Total Expenditure Net expenditure (243,791 243,791 302,698 36,528 36,528 7,265 Nel inoveiiienl iii funds (36,528) (36,528) {7,265> Reconelllatlon of fuiiqls Total fuiids brought fonvard Total fuiids corried forward 234,480 234,480 241,745 15 197,952 197952 234,480 All of the charity's a¢liviti¢s derive from coiitinuing operations durtiig Ihe above ttvo periods. Page 8
St Luke's Centre (Registration number: 05477576) Balance Sheet as at 30 June 2024 2D24 2023 Note CuYreRit agsetx Debtors Cash at bank and in hand 13 51,074 171,827 55.450 201,689 222,901 257,139 Ci'edltors: Aniounls falllng due wlthln one year 14 (24,949 22,659 Net assets 197,952 234,480 Funds of the charlty: Unre$trl¢ted Inconie fvnds Unrestricted funds 197,952 234,480 TotAi fuiid 15 197,952 234,480 For the fmancial year ending 30 June 2024 the charity was entiiled to ¢xeinption from audit under section 477 of the Companies Act 2006 relating to small companies. Direclors, respoiisibilities: The members have not required the charity lo obtain an audit of its accounts for the year in question in a¢cordanc¢ with section 476; and The directors Kcknowled8¢ their respojisibilities for complying with ihe requirei)ienls of the Act with i'espect lo accounliiig records and the preparation of accowits. Tliese accouiits have been prepared in accordance with the provisions applicable to compaiiies subject to th¢ small coinpatlies regime. The financial statcments on pages 8 10 18 were approved by the trustces. and authorised for issue 011 24 Janiiary 2025 aiid signed on their behulf by: Drm Tru8tee Leyden Page 9
St Luke's Centre Notes to the Financlal Statements for the Year Ended 30 June 2024 I Charlty stitus The Cliaritable Conipany is a public benefit eiility aiid a private ¢ompaiJy limited by guaran1¢¢. regisiered in Englaiid aiid Walcs and a registered charity in Eiigland and Wal¢s. The address of Il)e regislered oftice is Danesfield, Wh(Illey Road, Manchester, Ml 6 8BT. 2 Accountliig pollcles Suniniary of significant 8ccountlng policies And key a¢¢ouiitlnE estimfites The principal accouniing policies applied in the preparation of Ili¢s¢ financial slalements ar¢ sel our below, These poltcies have beet) eonsislently applied to all the years presented, unless oilienvise 51aled. Statement of compllAnee Th¢ finanLial slalements have been prepared in accord1¢nce wilh Accounting and Reporting by Charille5- Statement of Recommended PracliLe applicable lo charilies preparing iheir accounts in accordance ivilli Ilie Fiiian¢ial R¢porling Standard applicable iii Ilie UK and Repiiblic of ireland (FRS 102) (eff¢clive l Jai)uary 2019) - (Cliurilics SORP (FRS 102)), Ihe Financial Reporting Standard applicable iii Ihe UK Riid RepublÉc of Ireland (FRS 102) IlTid Ili¢ Companies Acl 2006. Dasls of preparatlon Si Luke's Cenire meet8 the definilion of a public benefit entity under FRS 102. Assels and liabilities are inilifjlly recognised at historical cost or traia¢ll01] value unless otheThvise staled in th¢ relevaiil accoui)ting policy notes, Tlie financial slalenienls have been prepared on the historical cost basis. Tli¢ finlln¢ial slol¢n)enls are prepared in sterling, which is lh¢ functional currency of11)e entity. GoliiE eoncerii After carefully considcriiig Ilie Charily's finaiicial posilion aiid prospects, combiiied with risks posed by lh¢ currenl uncertain economic eiivironmenl, the TNsie¢s have chosen to prepare the uccounls on a going conccrn bAsis. Income and eiidowiiienls All ineoiiie is re¢ogi)iscd oiice the cliarity hAs cntiilemenl lo the tiieonie, it is probable Ihal tlie incolne will be received aiid the anioiint of ihe iiiconie receivable can be n)easured reliably. Daiialloiis aiid legiicles Donalions are recognised ivhen Ilie Charilable Company has been notified in Iwiling of both the airfrounl and settlement dale, In the event that a donation is subjecl lo conditions that require a level of pcrforEnance by the harity before the charity is enliiled lo the funds, the incoine is defeffed and not recogllised iinlil eilh¢r thos¢ coiidilions are tiilly mel, or tlie fuifilttieni of those condilioiis is ivholly wiihiii the control of Ilie Cliarilable Company aiid it is probable tliai iliese condilioils Ivill be fulfilled in lh¢ rcportlll8 period. Grnllts receivoble Graiits are recognised wheii the Charitable Company has ali enlillemenl lo the ndS and any condilioiis littked to tli¢ grants have been met, Ivhere perfonnance condition5 are attached to the grant ai)d are yet to be mel, the income is recognised as a liability and iticluded on ihe balance sheet as defeed incorne to be released. Pagc 10
St Luke's Centre Notes to the Flnallcial Statements for the Year Ended 30 June 2024 Doiifiled services amdfficilities Wlier¢ seryic¢s or facilitie5 are provided to th¢ charity as a dojiation that ivoiild normally be purchas¢d froin ow siippliers, tliis b¢nefit 15 included in the financial slalcments al its fair value ui)less tts fair valu¢ ¢annot be realiably iiieasured, then at the cost Éo the donor or Ihe resale valuc of goods tl)at are to be sold, Expendlture All expenditure is recogiiised once there is a legal or const¢{lY¢ obligation to that exp¢nditui'e, il is probable s¢ttl¢ment is rwuired and the amounl can be measured reliably. All costs are allocat¢d to the applicabl¢ expenditure lieading Iliat aggregate siinilar costs that cal¢80ry. Charilable aclivlllts Cliaritable expenditurc coniprises those c081s incurred by the charily in the delivery of tls activities and services for ils beneficiaries, It includes both costs Ihat can be allocaled directly to such activities and those cost$ of ai) indirect nature necessary to support them. Governance costs Thc.8e iticliide Ilie costs atlribulable to Ihe Charitable Company's compliance iyitli constitulioT)al and slaftilory reqiiiremeiits, iiicliiditig thudil. strategic managenient Bnd trustees, meeliiigs and reimbursed ¢xp¢n5CS, Government grants Goveniineiit grants are recogtiised when the chArity has entiilement io the fuiids, any perfonnance conditions 4ttached lo the grants hav¢ been met, it is probable that the income will be r¢¢¢ived and the amount can b¢ Ineasured reliably and 15 not d¢fcTred. Taxatlon Thc Cliarilable Company is considered to pass the tests sel out iii Paragraph I Schedule 6 of lh¢ Financ¢ Act 2010 aiid Ilicreforc it meets the definition of A charilable cornpany for UK corporatioi) tsx puyposes. Accordingly> Ihe Charitabl¢ Conipaiiy is polentially exempt from taxation in respecl of iiicom¢ or c&pit&l gains received within catcgories covered by Chapter 3 Part I l of the Corporalion Tax Act 2010 or S¢¢lioi) 256 of the Taxatioii of Chargeable Gains Acl 1992, lo the exlenl that such iiicome or gaiiis are applied exclusively lo charitable purposes. Taiiglble llxed assets Individual fixed assels costing £250 or more are initially rccord¢d It cost, less aiiy subscqii¢nt accuiniilated depreciation and subsequent accumulated impairni¢n£ losscs. Depreclatlon and amorllsatlon Deprecialion is provided on tangible fjxed assets so 85 to MTite off the cost or vftluation, less any estimated residual value, over tlieir expected useful economic life as follows: Asset class Leasehold alteralioiis Furnittirc and filliigs Computer cquipm¢nt Depreciatlon method and r4te l OQ3a straight liiie 200/0 Straiglil line 330/0 slraiglit liiie P8gell
St Luke's Centre Notes to the Flnanclal Statemenls for the Year Ended 30 June 2024 Impali'ment of flxed A55et5 A revieiv for indicalors of iinpairment is carried out at each reporting dat¢, wilh Ihe recoverable amoiint beii)g estimated where such indicators extsl. Wliere the carrying value exceeds the r¢coverable Blnoullt, tlie asset is impaired accordiilgly. TrRde debtors Trad¢ debtors ale uniounts due from customers for services perfonn¢d in Ihc ordinary course of business. Cash and C$ equlv&lents Cash and .cash eqiiivalents ¢oniprise cash on liand and call deposits. and other shorl-l¢riii highly liquid investments tlial are readily conv¢rlible lo a known amouiit of cash and are subject lo Rii insigiiificant risk of ch&nge in valiie. Fuiid structure Um'eslriclcd income fvnds are general fuiids Ihut are Rvailablc for use at ihc trusteess, discretion in furthcroiice of11)e objectives oftlie Choriloble Conipaiiy. Flnanclol Instrunients CliisslfiLfilioii Finan¢i81 assets and finaiici81 liabilities are reco8nised when the charitable company become8 a party IL> the eontructual pi'ovisi0115 of th¢ instNinenl. Fiiianctal IiRbililics and eqiiity inslniinenls are classfied according lo the siibsl&nce of th¢ coiitrnclual an'aiigements entcr¢d into. An equity inslniineiil is any ¢ontr8¢1 thal eviden¢¢ a residual interest in t¢li assets of Ihe cl)arily Aftgr dediicling ftll of ils liabilili¢s. Pagc 12
St Luke's Centre Notes to the Flnanclal Statements for the Year Ended 30 June 2024 RecognitloN and nieosiireiHenl All financial assets and liabilities are iiiitially mcasured at transaction pric¢ (iiicludiiig traiisaclion costs). Fiiikiicial ass¢ls and liabilitie5 are only offset in the stalement of financial posilioii wlien, and 01)ly when there exists a legally ¢Jiforceable i'i8ht to sel off the Tecognised aniounts and the charity iiileiids either lo settle oil a net basis, ot to realise the 8sset and settle the liability simultaneously. Financial assets are der¢cognised when and only when a) the contraclual rights to the eash flows from the finaticial asset expire or are settled, b) die charity transfers to aiioilier party subslaiilially all of Ihc risks and ieivards of owneisliip of fItiancial assct, or c) th¢ charity, d¢spit¢ having rctained soiii¢, biit not all, significaiit risks and r¢wards of ownership, hos trniisferred control of the assel lo another party. Financial li8biliti¢s ar¢ dereeognised only ivhen the obligation specified lli the contract is discliarged, cancelled or expires, 3 Income fi'om donatlon8 Ind lega¢les Uiirestrlcted funds Total 2024 TotAI 2023 Ceneral Donations and legacies. Donations froin indivlduals Grants; Grniils froni ollier charities Donat¢d services and facilitie5 300 300 58,577 20,120 78,697 15,000 15,000 15,300 15,300 4 liicome froin eliarltfible actlvltles Unrestrleted funds Total 2024 Total 2023 General Evalvatioll aiid ass¢s5meni fees Education aiid outreach 178,211 10,709 178,211 10,709 188,920 185,563 29,783 215,346 188,920 Page 13
St Luke's Centre Notes to the Flnanclal Statements for the Year Ended 30 June 2024 5 Investment Income Uni'estrlcted funds Tolal 2024 Total 2023 Generil Interest receivable and siinilar incom¢; Inleresl i'eceivable on bank deposits 3,043 3.043 1,390 6 EJpendlture oil ¢hArltable aetlvlllei Unrestrlcled funds TolAI 2024 Total 2023 Generydl Staff costs Travel Costs Pitlfessioiial scivices Other costs Depreciation Eslabli5hnieiil cosls Occiipancy costs Office costs Insiirlltic¢ Indepeildeiil exaininalioii fee Accouiilancy aiid payroll costs Legal and professioiial 111,013 5,587 21,662 10,327 111,013 5,587 21,662 10,327 131,296 9,457 26,001 10,963 ,196 72,205 21,227 16,437 3,400 2,460 5,101 2,955 43,378 20,119 15,696 5.917 2,575 6,104 1,413 43,378 20,119 15,696 5,917 2,575 6,104 1,413 243,791 243,791 302,698 £243,791 (2023 £302,698) of Ilie above expenditure was altribiilable to unreslricled funds and £Nil (2023 £Ntl) to StriCted fid$. Page 14
St Luke'5 Centre Notes to the Financial Statements for the Year Ended 30 June 2024 7 Analysts of goverllance and support Costs Govei'n8nce eosts UnreJtrlc¢ed funds Total 2024 Totil 2023 General Ind¢pciid¢nt ¢xainincr f¢¢s Exaniiiiation of the financiAI stateinents Oth¢r f¢¢s paid to ¢xaminers Legal fees 2,575 6,104 1,413 2,575 6,104 1,413 2,460 5.101 2,955 10,092 10,092 10,516 8 Net Incoilllnwoutgolng resources Net outgoing resources for tli¢ yeaT iiicludc: 2024 2023 Depreciation of fixed assels 1,196 9 Trustees reniuiieratlon and expenses No trustees, iior aiiy persons ¢onne¢ted wlth tlieni, hav¢ r¢c¢Av¢d any remuiieralioii from the cliarity diiring Ilie year. No trustees have received any reimbursed exp¢ns¢s or any other benefits from the charity during Ilie year. Page 15
St Luke's Centre Notes to the Flnancial Statements for the Year Ended 30 June 2024 l O Staff colts Tl)e aggregate payroll cosls were &s follows: 2024 2023 Staff costs durlng the yev4r were: Wages and salaries Social seciir&ty costs Defined Colltributioll Pensioii costs 108,187 1.762 1.064 122,373 6.241 2,682 111,013 131,296 Th¢ nionihly average niimber of persons (including senior management team) einployed by the Charitable Conip&iiy during th¢ year was as follows: 2024 2023 Admiiii81rative, goveri)an¢c and charitable a¢liviti¢$ No employee received emoluments of more than £60,000 during the year, The total einploye¢ benefits of the key rnanagemeni personnel of the chority were £37,602 (2023 - £35,898). I I Iiidependent ex8niliier's reiiiuiierAtlon 2024 2023 Examiiiolioii of the financial slalemenls 2,575 2,460 Other fees to exanilners All other servi¢¢5 6,104 5,101 12 Taxntlon The income and g8ins of the cliarity are ¢xempi from laxa¢ion to tl)e cxlent they ar¢ applied to its charitable objectives. 13 Debtoi's 2024 2023 Trade debiors Prepayii)ellls 29,466 21,608 51,074 29,190 26,260 55,450 Page 16
St Luke's Centre Notes to the Flnv4nclal Statements for the Year Ended 30 June 2024 14 Credltors: aJnount5 follfjng due Ivlthln one yc¥Jr 2024 2023 Other taxation and social security Other creditors and accruals 11,285 13,664 8,456 14,203 24,949 IS Funds BAlanee it I July 2023 Ineomlng resourees Resourees expended BRl8nce fit 30 June 2024 Uni'estrlcted fund8 Gcnernl 234,480 207,263 243,791) 197,952 Balanee at I July 2022 Incomlng resources Regouree8 expended Balance at 30 June 2023 Uiivestrlcted funds G¢neral 241,745 295,433 302,698 234,480 16 AnAlysls of net aisets between funds Unrestrlcted funds General Total funds cuent assets Currei)t liabiliti¢s 222,901 24,949 222,901 24,949 Tothl net Assets 197,952 197,952 17 Related party transaetlons Rev Dr D Soiigy> a trustee of St Luke's Centre was also a direclor of St Luke's InstilUt¢, During the year the Ch&iilabl¢ Company rec¢iv¢d £20,000 (2022." £16,000) from St Luke's Institute to conttibute to the partial salary costs of a m¢mber of staff. Page 17
St Luke's Centre Notes to the Financlal Statements for the Year Ended 30 June 2024 18 Prlor year StAtcmcnt of Flnanclgl Aetlvltles Unrestrieled funds Total 2023 Note Incoiiie And Endowmeiits froin: Donatioiis and legacies Cliarilable aclivilies Investiiient income 78,697 215,346 1,390 78,697 215,346 1,390 Tolhl Incoiiie 295,433 295,433 Expeiidlture on: Charitable activities 302,698 302,698 Totol Expeiiditure Net cxpendilur¢ 302,698 302,698 7,265) (7,265 Nel inoveiiieiil in thnds (7,265) (7,265) Reconelllatlon of funds Tolal fiirtds brought fonvard Total funds caiyied fonvard 241,745 241,745 15 234,480 234,480 Page 18