REGISTERED CHARITY NUMBER: 1119961 REPORT OF THE TRL'STEES AND FINANCIAL STATEThlE,Ts FOR THE YEAR E.NDED 31ST JULY 2024 FOR THE SANcfuARY OF HEALING TRUST Ainsworths Limited Chartered Accountants Charter House Stansfield Street Nelson Lancashire BB9 9XY
THE SANCTUARY OF HEALIIYG TRUST CONTENTS OF THE FIN.41%CIAL STATEINIENTS FOR THE I'EAR ENDED 31ST JLILI. 2024 Page Report of the Trustees Ito4 Independent Examiner's Report to the Members of The Sancluary of Healing Tnt Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t0 13
THE SANCTUARTr' OF HEALIIYG TRUST REPORT OF THE TRLISTEES FOR THE I"EAR ENDED 31STJULY 2024 FINANCIAL sTATEIENTs A2YD TRiiSTEES' REPORT The trustees present their annual report and unaudited financial statements of the charity for the year ended 31 July 2024. The financial statements comply with the Charities Act 201 l and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102} (effective 1° January. 2015)- (Charities SORP (FRS 102)). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charitv number 119961 Registered offjce The Sanctuary of Healing Dewhurst Road Langho Blackbum Lancashire BB6 8AF Trustees *nd key management S Bar5by C Hopkinson M Bray A Clarkson C Grimsley L N Pickles M G Reccia (Resi(Fned 30107124) Role Chairperson Secretary Independent Examiner M Sunter FCA Ainsworths Limited Chartered Accountanls Charter House Stansfield Sireet Nelson Lancashire BB9 9XY Bankers Barclays Bank PIC 67 Kino st-.eet Whalley Lancashire BB7 9SIV Page I
THE SANCTUARY OF HEALING TRUST REPORT OF THE TRIISTEES (CONTIINUED) FOR THE I'EAR ENDED 31ST JIILY 2024 STRUCtURE, GOVERNANCE AND lANAGEI ENT Organisational status The Sanctuary. of Healing Trust was registered as a charity. on 5th July ?007 under ihe provisions of the Ch3ritie5 A¢t {Charity number= 1119961 l and is govemed by a trusi deed dated 30th May ?007. Organisational structure The Board currently consists of ihe trustees and is responsible for key policy decisions and the effective governance of the organisation overall. The trustee5 take care of th¢ day to day running and legal requirements of the charity and the Board meets on a regular basis. Recruitment and appointmen¢ of new trnslees Trustees are appointed lo reflect the skills required to support the Board and its range of activities. The trustees themselves appoint new trustees to the Board and provide appointees wilh a thll orientation on the services provided: the decision- making processes of the charity and the roles and responsibililie5 of a trustee. including their legal obligations under applicable laivs. Risk management The trustees have examined the major sirdtegic, business and operational risks which the Charity faces and confirn) that Systems have been established to ensure that regular reports are produced and that ne¢es5ary steps can be taken to address any issues arising. OBJECTIVES AND AcfiviTIES The principal activities of the charity are= the relief of sickness and the preservation of oood health primarily, but not exclusively, Ihrough the means of psychotherapy. acupun¢tur¢. ele¢tro-magneti¢s. massage techniques and crystals, yoga and healing. to advance the education of the general public throuJts the carrying out of research into the benefits of complimentary therapies in the relief of Sickness and the dissemination of the useful results thereof. These services are offered on a charitable basis and depending on the circumstances of the client are offered free of charge. or by donation. Public benefit In setting out the charity's objectives and planning of activities the Irustees have given careful consideration to the Charity Commission's general guidance and section 17{5) of the Charities Act 2011. The trustees are confident that the charity offers services of real and practical use to the local population and therefore complies with the responsibility placed on all charities under the Charities Act ?0 I I to demonslraie a public benefit. ACHIEVEMENTS AND PERFoRlA1CE The charity continues to work very hard to provide help and care for people suffering from multiple sclerosis (MS), myalgic encephalomyelitis IME), arthritis. cancer or similar ailments and iyorks to combat the pain associated with these maladies. Related parties The property which the charity occupies is owned by the trustee A Clarkson. No rent is charged to the charity by thls related party. On 4th May 2017 Pendle Caterin. Limited became a wholly owned subsidiary of the charity. and took over the running of its café activities as from 24th October 2017. No charge is made by the charity to this subsidiary for the use of the its cafe premise5 or facilities. Future plans The charity has become known as a centre of ¢xcell¢n¢¢ in ivorking with people suffering from multiple sclerosis {MS), myalgic encephalornyelitis (ME). arthritis. cancer or similar ailrnent5. In order to capitalise on the experience gained it is intended to continue to offer these servi¢¢5. Page 2
THE SANCTUARI. OF HEALING TRUST REPORT OF THE TRLISTEES {CONTINUED) FOR THE I'EAR ENDED 31ST JULI. 2024 FINANCIAL REVLEITr' The attached statement of financial activities shows how funds were raised and applied during the year. This Statement separates funds which the charity controls itself (unrestricted funds) from those thai have to be spent in a manner determined by the donor (restricted funds). During the year ended 3 1st July 2024 incoming resources amounted to £277.411 {20?3'. £147.663) while resources expended amounted to £219,023 (202J £181.779). The net result for the year was a surplus of £58,388 (2023: Deficit of £34,116) which was an in¢rease of £92.504 on the deflcit returned for the previous year. The trustees consider the results for the year to be satisfactory. Reserves policy It is the policy of the charity to maintain unrestricled funds. which are free reserves of the charity, at levels which equate to an excess of its projected needs for the forthcoming year, thereby providing sufficient funds to cover management. administration and support costs and enable the ongoino development of projects. The trustees believe the net asset position is sufficient to satisfv such requirements although these levels of free reserves are reviewed on a regular basis. Risk assessment The trustees review the major risks faced by the charity durin(y their ffgular meetings and confirni there are systems in place to mitigaie them. Internal risks are minimised by the segregalion of duties and procedures for authorisation of all transactions. Aeknowledgemenls The trust¢e5 would Ikke to express thanks to all the charity's employees and volunteers. STATETrIEIYT OF TRUSTEEES, RESPO)SIBILITIES Under charity law, the trustee5 are responsible for preparing the Report of the Trustees and the financial statements for each financial year ivhieh show a true and lair vie1¥ of ihe stale of affairs of the charity and of the excess of income over expenditure for Ihat period. In preparing these financial ststements, generally accepted accounting practice entsils that the trustees: select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent. slate whether Ihe re¢ommendations of the Statement of Recommended Practice have been followed, subject to any material departures di5¢105ed and explained in the financial staiements; slate whether the financial statem¢niS comply with the trust deed, subjecl to any material departures disclosed and explained in the financial slalements; and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will continue its activities. The trustees are requtred to act in accordance with the trust deed of the eharity, Wlthin the framework of trust law. They are responsible for keeping proper accounting records, sufficient lo disclose al any time, with reasonable aecuraey, the financial position of the charity at that time. and to enable them to ensure that, where any statements of accounts are prepared by them under the Charities Act 201 l and the applicable Charity (Accounts and Reports) Regulalioi)s, those statements of accounts comply iyith the requirements of regulations under those provisions. The trustees a150 have getieral responsibility for taking such steps as are reasonably open lo them to safeguard the assets of the charity and to prevent and d¢tect fraud and other irregularities. The truste¢s ar¢ responsible for the maintenance and integrity of the charity and financi21 inforniation included on the charity's website. Page 3
THE SANCTUARY OF H£ALI*G TRUST REP()R'I' OF THE TRiiSTEES (C'ONI TINIIED) FOR THF.. YEAR EYDED31STJIII,1 2074 Charity requirements "rhis report has been prepared in accordance with requirements set down by the Cliarities SORP IFRS 10? ON BEHALF OF THE BOARD.. A C larks Trustee C I Inpkinson - Secre11% ry Dated.. Dated.. 2z]/o..Iio:Z¢ Page 4
INDEPENDENT EX.41WIINERS REPORT TO THE ME.IIBERS OF THE sA1cTUARy OF HEALING TRUST I report on the accounts of the Sanctuary of Healing Trust for the year ended 31# July ?024, which are set out on pages 610 13. Respective responsibilities of the trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity s trustees consider that an audit is not required for this year under seclion 144(?) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Havin(J satisfied that the Charity is not subject io an audit under section 144(?) of the 2011 Act and 15 eli(yible for independent examination, it Is my responsibility to.. Examine the accounts under seclion 14) of the 2011 Act- To follow the procedures laid down in the genernl Directions given by the Charity Commission under section 14i(5)(b) of the ?0 I l Act- and To stale whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commtssioner. An exaniination includes a revieiv of the accounting records kepi by the charity and a comparison of the accounts presented with those records. It hlso includes ¢onsiderntion of any unusual items or disclosure5 in the accounts, and the 5e¢king of explanations from y(Tru as tnistees conrerning any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit and, consequently. no opinion is given as to whether the accounls present a 'true and fair vi¢w' and the report is limited to those matters set out in the statemeni below. Independent examiner's statement In connection with my examinalion, no matter has come to my attention.. Which gives me reasonable cause to believe that. in any material respect, the requirements.. {a) to keep accounting records in accordance with section l JO of the ?0 I l Act; and {b) lo prepare accounts which accord with the accounting records, comply with the accounting requirements of the ?0 I l Act have not been met; or To which. in my opinion, altention should be drawn in order lo enable a proper understanding of the accounts to be reached. Mark Sunter FCA Ainsworth5 Limited Charter House Stansfield Street Nelson Lancashire BB9 9XY Dated: Page 5
THE SANcfuARY OF HEALILJG TRUST STATEfvIEYI T OF FIN.4YI CIAL ACTIVITIES FOR THE I'EAR ENDED 31ST JifLY 2024 Unrestricted funds Restricted funds 2024 2023 Notes INCOMING RESOURCES Donations and grants Charitable activities Other income 260,524 16,887 260,524 16,887 140,064 7,599 Total incoming resourees 277,411 277,411 147,663 RESOI,'RCES EXPENDED Raising fiinds Charilable activities 17,829 201,194 17,829 201,194 14,859 166,920 Total resources expended 219,023 219,023 181,779 NET INCOME AND EXPENDITURE 58J88 58J88 (34,116) Other recognised ggins gnd losses Net gainsi'(lossesl on investments NET MOVEMENT IN FUNDS 58388 58J88 (34,1161 Transfers between funds 58J88 58J88 (34,116) RECONCILIATION OF FUNDS Total funds brought forward 210,792 210,792 244.908 TOTAL FUNDS CARRIED FORIVARD 269,180 269,180 ?10,792 The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes fomi part of these financial stalements Page 6
THE SAiYCTti.4RY OF HEAI.ING TRIIST BALANCF. SHEF,T AT 31ST JULY 2Q24 2024 ?023 FIXED ASSETS TanTrible assets Investments 18.631 I,noo ,000 19,631 11,243 CURREINT ASSETS Stocks Debtors Cash at bank 5011 233,446 500 171.291 28.082 10 2)4.633 199.873 CREDITORS Amounts falling due within one year NET CURRENT ASSETS 5,084 10.324 249,549 189.549 TOTAL .4S.SETS LESS CbRREsYT LIABILITES 269,180 210,792 NET ASSETS 269,180 210,792 13 Restricted Unrestricied 269,180 210,792 TOTAL FUNDS 269,180 210,792 The finall¢ial statcments were approved by the Board of Tnjstees oti . by: and were signed on its b¢half A Clarksi Trust¢e C Flopkiiison Secreiary The nol¢s form part of these financial st3tenienls Page 7
THE SANCTUARY OF HEALING TRUST NOTES TO THE FIIN.4NCIAL STATEMI ENTS FOR THE YEAR ENDED 31STJtpLY 2024 ACCOUNTING POLICIES Statutory information The Sanctuary of Healing Trust is registered with the Charity Commission in England. The registered Charity number and address can be found in the Report of the Trustees on page l. Basis of preparation The financial siatements have been prepared under the historical cost convention. and in accordance witli Accounting and Reporting by Charities.. Statement of Recommended Prdctice applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Siandard applicable in the United Kingdorn and Republic of Ireland IFRS 102) {effective 1° January ?015)- (Charities SORP (FRS I O?)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Companies Act 2006 and the Charities Act 2011. Consolidation The charity has elected lo take exemption from the requirements lo prepare consolidated account5 as perniitted by Charities SORP {FRS 10?). Cash flow The charity is exempt from the requirement to prepare a c&sh flow statement as it qualifies as a small entity. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to Ihe income and the amount can be quantified with reasonable accuracy. Income from donations, legacies. fundraising and similar incoming resources are included in the year in ivhich they are re¢¢ivabl¢. Any income received for 5pe¢ific puryjose is accounted for as restricted fund5 when receivable. Resource5 expended Expenditure is accounted for on an ac¢rua15 basis (Inclusive of attributable value added tax which cannot be recovered) and has been classified under the principal cate4Jories related io the Cost. Costs allocated to activities in the furtherance of the charity's objects are those directly as50ciat¢d with achieving the charity's goals. Govemance costs are those incutted in connection with the management of the company"s assets, organisational administration and compliance with constitutional and statutory requirements. Where cost5 cannot be directly attributed to particular headings they have been allocaled to activities on a basis consislent with the use of resources. Fund aceounting Unrestricted funds are available for use al the discretion of the trustees in the furtherance of the general activities of the charity. Surplus funds can be allocated lo restricted projects if the Irusiees believe they are required. Restricted funds are fund5 subject to specific restriction imtxTrsed by the donors for the purpose of any appeal in which the funds are raised and can only be used for particular purw)se within the objects of the charity- T*ngible fixed asstts Depreciation is provided at the following annual rntes in order to write off each 2sset over its estimated useful life. lrnprovements to property Plant and equipment Fixtures and fittings I 00/0 on c05t 150/0 reducing balance 150/0 reducing balance The notes form part of these financial statements Page 8
THE SANCTUARY OF HEALING TRUST NOTES TO THE FII%ANCI.4L STATEIMENTS (COIYTINL'ED) FOR THE I'E.4R ENDED 31ST JLILI, 2024 ACCOUNTING POLICIES (COIYTINknED...) Investments in subsidiaries and associates Inveslmenls in subsidiary and associate undertakings are reCOlsed at cost. Ta¥#tion The trLISt is a re(ristered charity and is therefore exempt from Income Tax and Corporation Tax under the provTsions of Section 505{1) of the Income and Corporation Taxes Act 1988. NET INCOME AIYD EXPENDITURE FOR THE YEAR Net income and expenditure is stated after charging- 2024 2023 Depreciation Jndep#ndeni examinei. 5 remiineralion.- Independent examination fees Other accountsncy services 3J14 4,156 912 1.878 870 1,386 INCOME FRO1 DONATIONS AND GIL4NTS 2024 20?3 Donations for therdpies Room hire donations Grants received 136,959 3,555 120,010 1)2,204 7,860 260,524 140,064 Income from donations and grant5 toialing £?60.5?4 (?0?3.. £140.0641 were unrestricted. INCOTrIE FROfvI CHARITABLE ACTIVITIES 2024 2023 Shop sales 16,887 7,67? 16,887 7,672 Income from charitable activities totaling £16.887 (202) £7.672) were unrestricted. The notes form part of these financial statements Page 9
THE SANCTUARY OF HEALING TRUST NOTES TO THE FINANCI.4L STATEMENTS (COYI TIINUED) FOR THE YEAR ENDED 31ST JtiLY 2024 STAFF COSTS 2024 SiaffcoJls.' Gross wages Social security Pensions 94,181 2,743 2,251 83,337 2,235 99,175 90,884 The average plumber ofemployees during ihe Tryar ivere asfollows.. Charitable services laintenance and cleanin(y Management and administralion 10 During the year, no employee received remuneration in excess of £60.000 Trustees, remuneratloll And eipenses No trustees or persons related or connected by business lo them have received any remuneration or other benefits frotn the charity during the ¢urrent or previou5 year. Dur&ng th¢ year l irustee (202J= None} was re-imbursed with expenses totalling £ 1,110 (202).. £Nil). RESOURCES EXPENDED Charitable activities Raising funds 2024 20?3 Service delivery costs Staff wages Rates and water Light and heat Insurance Postage and stationery Telephone Advertising and website costs Travellino Computer expenses Repairs and renewals Cleaning and sanitation Accountancy Sundry expenses Bank charges Depreciation Support costs (note 7) 15,119 50,734 1,884 19J5i 9,937 860 1,534 27,185 1,017 2.656 17,363 2,244 2.808 1,858 15,119 56,370 2,093 21,505 11,041 955 1,704 30,205 1,130 2,9SI 19,292 2,493 3.120 2,065 1,038 3J14 44,628 7,784 45,46? 1,39? 29,755 6,489 671 5,636 209 2,liO 1,104 95 170 3.020 113 295 1.929 249 312 207 1,038 IJ02 14,456 975 10,746 2,256 1,282 2,425 4.156 47,230 2,012 44,628 17,829 201,194 219,023 181,779 The note5 forni part of these financial statements Page 10
THE SAINCTUARY OF HEALING TRUST NOTES TO THE FINANCIAL STATEMEINTS {COINTIYUED) FOR THE YEAR ENDED31STJULY 2024 SUPPORT COSTS 2024 2023 Staff wages Professional fee5 42,805 1,823 45.422 1,808 44,628 47.230 TANGIBLE FIXED ASSETS Improvemenls Plant and Fixtures and to property machinery ritting$ Total COST At I" August 2023 Addition5 Disposals 67,995 41,081 30,618 1,702 139,694 1,702 At 31" July 2024 67.995 41,081 32,320 141J96 DEPRECIATION 'Ai I" Auoust 20?3 Charoe for year Eliminated on disposal 67J13 249 27,682 2,012 24,456 1,053 119,451 3,314 At 31° July 2024 67,562 29,694 25,509 122,765 ET BOOK VALUE At31SI July ?024 433 IlJ87 6,811 18,631 At 31" July 2023 682 13J99 6,162 20243 The notes fomi part of these financial statements Page I
THE SANCTUARY OF HEALING TRUST NOTES TO THE FINANCIAL STATEMENTS (COEYTI.YUED) FOR THE I'EAR ENDED 31ST JULY 2024 FIXED ASSET IINVESTMI ENTS 2024 2023 COST At I" Auou5t 2023 Additionsl$posaIS 1,000 1000 At 31, July 2024 1,000 1,000 Fixed asset inveslments represent IOO/o (£ 1,000) of the issued share capital of the subsidiary undertaking Pendle Caterino Limited. The principle activity of Pendle Catering Llmited, a wholly owned subsidiary of the charity, is that of carrying on the business of a general commercial company on behalf of the parent company. The registered address of the company is the same as the pareni and can be found in ihe Report of Trustees on page l. The following is a summary of the trading 5ubsidiaries' results for the year: Turnover Expenditure.. Cost of generatin(y funds Cost of management and administralion 67,674 90,205 6J36 96,541 Deficit for the year (28,867) io. DEBTORS: ALWIOUNTS FALLIIYG DUE II'ITHIIY ONE YEAR 2024 20?3 Other debtors Amounts owed by group und¢rtakinos 8,692 224,754 8,041 163,250 233,446 171.291 ii. CREDITORS: Ai¥iouiYfs FALLING DUE WITHIli ONE YEAR 2024 2023 Trade creditors Social seLurity and other taxes Other creditors 613 1,669 2,802 8,045 ,409 870 5,084 10,3?4 The notes fomi pan of these financial statements Page 12
THE SANCTUARY OF HEALING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTIJLTED) FOR THE YEAR ENDED 31STJLTLY 2024 12. ANALYSIS OF NET ASSETS BETITr'EEN FL'NDS 2024 TotAI funds 2023 Total Funds LTnrestricted funds Restricted funds Fixed assets Current assets Current liabilities 19.631 254,633 {5.084) 19,631 254,633 (5,084) 21,243 199,873 (10,324) 269,180 269,180 210,792 13. MOVELIIENT IN FUINDS l%et movement in funds At 1.8.23 At 31.7.24 Unrestricted funds General 210,792 58J88 269,180 TOTAL FUNDS 210,792 58,388 269,180 Net movement in funds, included in the above are as follows= Incoming resour¢es Resources Recognised expended gainsl(losses) Movement in funds Unrestricted funds General 277.411 (219,023) 58J88 277,411 (219,023) 58,388 The notes forni part of these financial statements Page 13