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← St Ethelburga's Centre For Reconciliation And Peace

2023-12-31-accounts

FAITH, ECOLOGY, PEACE 2023 ANNUAL REPORT

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Contents

Executive Summary . . . . . . . . . . . . . . . . . . . . 4 Mission and Principles . . . . . . . . . . . . . . . . . . .6 Our Projects . . . . . . . . . . . . . . . . . . . . . . . . . .8 Project Portfolio . . . . . . . . . . . . . . . . . . . . . . .9 Lifelines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Reconcilers Together . . . . . . . . . . . . . . . . . . . 12 Listen to the World . . . . . . . . . . . . . . . . . . . . . 14 People of the Earth . . . . . . . . . . . . . . . . . . . . 16 Faith and Moral Courage . . . . . . . . . . . . . . . 18 Viewpoint Diversity . . . . . . . . . . . . . . . . . . . 20

Engaged Contemplation . . . . . . . . . . . . . . . 22 Training . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 2023 in Numbers . . . . . . . . . . . . . . . . . . . . . .26 2023 in Words . . . . . . . . . . . . . . . . . . . . . . . .27 Caring for a Sacred Space . . . . . . . . . . . . . 28 Venue Hire . . . . . . . . . . . . . . . . . . . . . . . . . .29 Our Supporters . . . . . . . . . . . . . . . . . . . . . . .30 Financial Review . . . . . . . . . . . . . . . . . . . . . . 31 Independent examiner’s report . . . . . . . . . .33

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Executive Summar y

Nearly twenty years ago a group of artists, architects and peacemakers came together to realise an unusual vision . The Tent of Peace at St Ethelburga’s, opened in 2006 by King Charles (then the Prince of Wales), was a response to the 9/11 bombings . It was designed to be a sensitive space for holding dialogues across differences of all kinds . It has since become a symbol of hope for many . With its stained glass windows and iconic silhouette, it’s probably our most recognisable image, even more so than the rebuilt church or vibrant peace garden .

So it’s easy to forget just how outlandish an idea it was at the time . In a place with some of the highest real estate values on the planet, where millions can be made from lettable land, peacemakers came together to create something you might see as an illustration in a children’s book of fairy tales . Why?

People’s faces light up when they step inside the tent . It’s so unexpected, with its richly patterned cushions and stained glass windows .

The tent invites us to sit in a circle . It affirms that people divided by conflict can come together, as long as they meet inside a humble space, designed with love to elevate the sacred .

Faith, Culture, Ecology

Globally, hot conflict is escalating . With wars continuing to rage in Israel and Gaza, and Russia and Ukraine, many feel despair about the future . According to a recent YouGov poll 53% of Britons think we will have WW3 in the next five to ten years . Meanwhile each month brings new scientific data showing our climate systems are in peril .

At St Ethelburga’s our mission is Bridging divides, Loving Earth . We view the complex challenges of conflict and climate as intertwined . As peacemakers, we situate our work at the place where faith, culture and ecology meet . Our programmes equip people to face the challenges of our times with their values to the fore .

Our Bridging Divides, Loving Earth conference was a highlight of 2023, bringing together a wide range of faith leaders, scholars, and changemakers, while our project Lifelines saw us bring together 250 volunteers from across faith and cultural backgrounds to plant wildlife corridors across tracts of farmland . This year we also trained twenty faith leaders through our Journey of Hope peacemaking programme, and nearly 400 others in shorter courses on peacemaking and conflict transformation . Listen to the World continues to grow as one of London’s most popular world music events . We ran a second year of At Home in Nature, bringing those with an experience of displacement together with Londoners to share walks in nature .

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Financially resilient

We offered an exciting programme of trainings and webinars in 2023 which saw our event income increase . Our venue hire business thrived, as we welcomed numerous charities, private individuals and corporate customers to enjoy our unique venue as a setting for their events . The cost of living crisis has impacted everyone across the charitable sector and beyond . We are grateful to all those funders who have supported our charitable activities throughout 2023 .

Looking ahead to the future

We hope you’ll join us at an event online or in person in 2024! We’ll be leaning deeper into the intersection between climate and peace and taking our work further afield . With more residential events planned throughout the UK; more workshops to train people in the skills of dialogue, conflict transformation, and spiritual ecology; and more online offerings to serve a

global audience, we plan to deepen our impact and reach more people .

Do read on to find out more about our projects in 2023!

Tarot Couzyn and Clare Martin Co Directors, St Ethelburga’s Centre for Reconciliation and Peace

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Mission and Princi les p

St Ethelburga’s works at the intersection of climate and peace . We believe there can be no peace on Earth unless we also realise peace with Earth . We offer events, training, leadership programmes and multimedia content which equip and inspire people to become peacemakers in their own contexts .

Our work is organised around four key principles, which are reflected in the fabric and history of our building . These underlie all our programmes and guide what we do . We illustrate these principles by telling the following four stories .

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Values into action

St Ethelburga was a courageous and selfless 7th century religious leader . When the plague came to Barking Abbey, she inspired all of the monastics in her community to face the crisis with purpose and resolve . She put her deepest values into action in very dark times and encouraged others to do the same .

Crisis as opportunity

In 1993, an IRA bomb exploded on Bishopsgate, almost completely destroying the mediaeval church of St Ethelburga . Rebuilt as a centre for reconciliation and peace, this story reflects the opportunity for change and evolution that lies at the heart of every conflict and crisis . This principle is the foundation of all our work with division and disagreement .

Community across differences

Our Bedouin Tent is a unique and beautiful space, originally built in response to 9/11 . Its circular design offers a container for non-hierarchical dialogue, where all perspectives are welcomed equally . The Eastern structure alongside the Western architecture of the church reflects the vital need to build community across differences . This theme is fundamental to all our work .

Protecting the sacred

The site of St Ethelburga’s has been consecrated ground for over 800 years, remaining true to its ancient purpose amid offices and skyscrapers . This speaks to us of the need to protect what is sacred . Not just spaces for prayer and reflection, but also our deepest human values, and the sacred space of nature . Reflection, spirituality and love for Earth are woven through everything we do .

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Our Projects 8

Pro ect Portfolio j

Lifelines

Aim: Bring people together across difference to plant wildlife corridors across the UK

Reconcilers To ether g

Aim: Give faith leaders the skills to work with conflict

Listen to the World

Aim: Celebrate the musical talents of artists from around the world

Peo le of the Earth p

Aim: Strengthen UK communities by building relationships with refugees

Faith and Moral Courage

Aim: Reconnect people across the globe with their faith or deepest values to meet crises with courage

Viewpoint Diversity

Aim: Create workshops, tools and models to explore how we engage with disagreement and difference

Contem lative Practice p

Aim: Space for reflection and inner resilience

Training

Aim: Training in conflict transformation

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Lifelines: planting woodland and hedgerow with reverence and connection

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Aim

To create a network of wildlife corridors and woodland across the country, planted by people of diverse faiths and spiritual traditions, with a sense of reverence and connection to the Earth and to each other .

Activity:

Lifelines is our UK wide project that brings together farmers and people from diverse communities to plant hedgerows and restore woodlands to create wildlife hubs and corridors .

Now in its second year, the project brings people together across differences and divisions of all kinds, unified in a practical desire to address the climate and ecological crisis, at scale and in community .

We train people from diverse backgrounds, faiths, and spiritual traditions to become Lifelines Leaders . They learn the practical skills of planting hedgerows and woodland, as well as how to lead a group of volunteers in a rich experience of connection with the natural world and addressing the need for unity and collaboration for the sake of the Earth .

Leaders are paired up across differences or divisions of all kinds, and each recruit a group of volunteers from their respective communities . Together, they lead a volunteer planting

weekend on a farm, planting up to 1,000 trees, sharing spiritual practice, beliefs or deep values, and being immersed in a sense of love for the natural world and community .

This year, we scaled up this programme considerably, and worked with thirty community leaders (up from fifteen last year), and close to 300 volunteers .

Impact:

Our Trainers and volunteers:

Together we’re creating corridors of connection for our wildlife, communities and landscapes .

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Reconcilers Together: training faith leaders to be skilled peacemakers 12

Aim

Reconcilers Together seeks to equip faith leaders to creatively and courageously respond to our growing unpredictable and conflicted landscape, in order to build more relational, resilient and peaceful communities .

Activity:

Reconcilers Together is a coalition of eleven leading Christian peace organisations across the UK, Northern Ireland, and the US, initiated in 2016 . Led by St Ethelburga’s, the partners curate a nine-month immersive and values-based leadership programme called Journey of Hope: a deep dive into the practice of faith-based peacemaking and reconciliation . Together we explore a range of frameworks that support faith leaders to reconcile with Earth, their communities, their faith, and themselves in order to encourage civic engagement, transform conflict and repair broken relationships .

From September 2023 to January 2024, the Reconcilers Together partnership supported eighteen faith leaders from across the UK to complete five modules of Journey of Hope in

person and online with a team of twenty cofacilitators . From February to May 2024, those participants will be embedding their learning into their individual contexts with the support of one-to-one coaching and regional peer groups .

The wider Reconcilers Together Community of Practice, which consists of eleven partners and now over 100 alumni, continued to meet online and in person four times throughout 2023 for continued professional development, encouragement, support, and to share best practice with one another .

Impact:

The Journey of Hope has been an extraordinary journey that our facilitators have curated . It really has been and continues to be profoundly inspiring on so many levels . I feel immensely privileged to have been invested in so highly and given the resources to truly repair relationships in my community .

We are grateful to our anonymous donors for their support of this project .

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Listen to the World: celebrating musical traditions of diverse artists

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Aim

‘Listen to the World’ is a place of live music where the themes of home and belonging find expression through the traditions and talents of migrants, refugees and asylum seekers, alongside local artists .

Activity:

More than a concert space, ‘Listen to the World’ brings people together across differences of all kinds – on stage and among the audience – for evenings that celebrate cultural diversity and create meaningful encounters in an atmosphere of inclusion and warmth .

Among this year’s vocalists and musicians were performers whose musical roots travelled from Nicaragua to Ukraine, and Armenia to Sudan . They captivated audiences with their rhythms, their songs and stories, and their engagement with the audience during Q&As and their invitations to participate .

Our audiences too have been global and intergenerational; young people, adults and families with young children have brought their curiosity and joy to the Nave, sometimes seated, sometimes dancing – wherever the mood of the music has carried them . Some have come to experience the richness of London’s diverse music scene, others for the scent of home carried in mother tongues, or the musical traditions and instruments of the performers . These events are free for guests who have sought, or who are seeking sanctuary in the UK .

Impact:

There is something about sitting in a place born out of such violence in a contemplative atmosphere, participating through sharing collectively music from all over the world - one can feel the restorative hand of humanity . The fact that it is music most often by diaspora communities feels uplifting and transformational .

This has reminded me that we are so much more than the horror that’s going on in my country at the moment .

We are grateful to Arts Council England and Tides Foundation for their support of this project .

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People of the Earth: practising hospitality, welcome and community

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Aim

People of the Earth aims to strengthen UK communities by practising hospitality and nurturing connection and understanding between local people, and people with an experience or history of displacement .

Activity:

Designing and co-creating events that bring people together across diverse cultures, faiths and traditions lies at the heart of People of the Earth . This year we co-created and collaborated on events with a number of partners, including: Freedom from Torture; Paiwand Afghan Association, Camden Community Engagement, City of Sanctuary, Migrateful and Islington Centre for Refugees and Migrants .

Highlights from this year’s events

~~Yalda Night~~

Over the years, St Ethelburga’s has welcomed people from Afghanistan and Iran who have introduced us to the richness of their cultural traditions, among them Nowruz, marking the New Year/Spring Equinox, and Yalda, marking the Winter Solstice . Yalda Night exceeded our expectations this year when over sixty people

gathered in the nave to share poetry, in English and Farsi on themes of winter, and the coming of light after the longest night, and on hope and friendship, listen to live music and share in traditional Yalda treats and refreshments .

Impact:

“It’s been really meaningful to come at this time and experience my culture in a mainstream venue .” participant

We are grateful for Tides Foundation and Fetzer Institute for their support of this project .

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Faith and Moral Courage: putting faith at the heart of civic dialogue

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Aim

Reconnecting people across the globe with their faith or deepest values, so they can meet crises with courage .

Activity:

In an age of unravelling, uncertainty and risk, our faith and moral courage programme seeks to understand how we can grow our capacity to brave our limits . In 2023, through an interweaving of live talks, action-oriented discussion, workshops, ritual, music, and storytelling, our faith and moral courage project explored the following questions: Where does extraordinary courage come from? What can we learn from people who have risked everything to live up to their values? How can we inspire ourselves and each other to grow our capacity to brave our limits? Are there simple practices that can help with this? Are there insights from the world’s spiritual and faith traditions that can help us grow our courage?

As a part of the Faith and Moral Courage project, on 12 July 2023, we held our Bridging Divides, Loving Earth Conference, where we explored the intersection of climate and peace . It was a rich, interactive day, with keynotes,

workshops, ritual, music, and a delicious vegetarian meal . We were joined by David Hinton, Scilla Elworthy, Kaira Jewel Lingo, Bruna Kadletz, Rupert Read, Minna Salami, Sam Lee, Barbara Keal and more, as well as representatives from twenty-five peacebuilding organisations, thirty climate organisations and twenty-two faith organisations .

Impact:

I feel hopeful that I can keep going and believe that maybe things may change for the better . Thank you so much for the kind bursary that enabled me to attend . I will be able to bring back my renewed inspiration to benefit my local community as well as myself, in my work in local parks and communities .” Bridging Divides, Loving Earth Conference Participant

We are grateful to the Fetzer Institute for their support of this project .

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Viewpoint Diversity: transcending echo-chambers

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Aim

Creating workshops, tools and models to explore how we engage with disagreement and difference, depolarise conversations, and facilitate meaningful dialogue across divides .

Activity:

We are living in a time of deep cultural and political polarisation, and these ripples of conflict are often felt and seen in the world of activism . Whether advocating for social, political, economic, or climate justice, activists are frequently met with opposition – both from those who benefit from the structures that they seek to change, and from those who might agree on the problem, but disagree on how to address it . Whilst conflict is to be expected on this path, how we engage with disagreement and difference holds the potential to derail us or lead us to metamorphosis .

At our Depolarising Conversations for Activists workshop, we invited participants into a range of exercises that explored the ways of being and relating that we can embody in moments

of opposition . Through walking, storytelling, deep listening and meditation practices, we urged participants to consider how activism might evolve if we lead from curiosity and love, especially in times of conflict .

Impact:

My biggest takeaway was that the stranger is part of me I do not yet know . Workshop participant

I felt that I learned so much and felt challenged in such a safe, supportive and loving way . The five-minute deep listening exercise we did with a partner will stay with me for a long time . Workshop participant

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Engaged Contem lation p

Soul Space

Soul Space continues to serve as an important monthly container for community and connection . A gathering open to people of all faiths and none, we facilitate an hour of reflection, prayer, and contemplation using imagery, art, music, and sacred texts . Each month is focused on a theme which resonates with what is happening in the wider world . We have a regular community of about 50 people who gather each month .

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One participant writes:

Soulspace is something I look forward to every month . Dave and Rebecca hold the space so well . It’s a very calming, reflective hour that allows me an opportunity to slow down and feel nourished and less alone in my prayers for peace .

Contemplative Practice

Each month, we invite those of all faiths and none to join us in prayer and contemplative silence for the sake of our world . So far, we have been joined by people of a wide range of faiths, including those who consider themselves Christian, Sufi, Muslim, Buddhist, Jain, Hindu, Jewish, Agnostic, and Spiritual-

but-not-religious . We’ve seen that groups who share in prayer, silence and community create a powerful antidote to the overwhelm of personal and collective crisis . They create a circle of compassion that gives shelter to fragile hopes, kindness to traumatised spirits, and the courage to live from a place that is rooted in our deepest values .

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Trainin g

Conflict Coaching

This year we trained 106 people in our Conflict Coaching framework . Conflict coaching is a highly effective, practical intervention suitable for people who are currently experiencing conflict or supporting those in conflict in their professional or personal lives . Conflict coaching prevents tensions and differences from escalating and empowers individuals to understand and transform conflict effectively . This interactive full day session includes practical tools, pair work, embodied practice, group discussion, and a tour of our centre . We have also run it online, appealing to a wider global audience . In addition to Conflict Coaching, we designed and delivered bespoke training and facilitation for 65 people from various faith communities and organisations .

It is probably one of the best workshops I have ever attended . And I have attended many! I came away with takeaways that are relevant and continue to be thought-provoking .

Peacemaking Workshops

This year we welcomed 200 people, mostly young people into our building and facilitated a peacemaking workshop based on our four stories . These workshops were tailored for each group and included: a tour of our centre, a facilitated conversation about what peacemaking looks like in our current world climate, a taster session of our conflict coaching model, and Q & A .

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What a privilege to spend time in such a special place with such a rich history . My students were fascinated by the stories and engaged really well with the practical exercises and conversations . It has given us a really helpful language around conflict and peacemaking as a starting point for lots more discussions .

MA in reconciliation

St Ethelburga’s was involved in establishing an MA in Winchester University in reconciliation for practitioners of peacemaking all over the world . The curriculum focuses on understanding the nature and causes of conflict and the practice of reconciliation . Modules include skills for working with divided groups; multi-faith cooperation in peace-building; and religion and globalisation . Students come from a wide range of countries such as Liberia, Syria and Afghanistan, and are taught remotely . St Ethelburga’s and Winchester collaborate on an annual event and help to promote one another’s work .

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2023 in Numbers

70

2

50

~~Public events and workshops~~

~~Intensive leadership programmes~~

450

7,500

~~Community leaders trained~~ 51,000

~~People directly engaged in programmes~~ 7,300

~~Alumni led community of practice workshops~~

50,000

~~People following our work~~ 7,500

~~How much our following has increased~~ 300

~~People directly engaged in content~~

17,000

~~People reached by alumni~~

~~Venue hires~~

~~Number of trees planted~~

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2023 in Words

Journey of Hope participant

“Being part of the Journey of Hope this year has been nothing short of life changing. Not only has it given me the practical frameworks and confidence to transform conflict in my faith community, but it has provided me with deep relationships that are giving me the resilience to keep going in my work. I am forever grateful to our amazing facilitators for creating such a rich and relevant experience.”

Lifelines participant “Everything was perfect.”

“It was an amazing weekend for me and my family, the best we’ve had since we arrived in the UK five months ago. We enjoyed every moment from planting to games to sharing stories and experiences with each other. The community was amazing and my daughter loved the games and the music. Everything was perfect.”

Lifelines participant

“The highlight was becoming friends.”

“It was very inspiring and passed too quickly. I enjoyed the love and peace between all of us. I loved connecting with Nature, making new friends across different cultures and the positive, important task of planting trees. The highlight for me was meeting a displaced Palestinian woman, (I’m a displaced Israeli Jew) and becoming friends. I would’ve liked even more time to connect and explore.”

Listen to the World participant “This has reminded me that we are so much more than the horror that’s going on in my country at the moment.”

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Caring for a Sacred S ace p

St Ethelburga’s as a Grade I Listed building tells a powerful story . Reduced to ashes by an IRA bomb, it was resurrected as a centre for reconciliation and peace . The building holds a promise of hope in dark times . Surrounded on all sides by glass skyscrapers in the heart of the financial district, this ancient piece of ground has remained a protected sacred space for over 800 years . The iconic building, Andalusian peace

garden and Bedouin Tent are living symbols that inspire people from all around the world - whether they have visited in person or glimpsed them in the background on a Zoom screen!

This year we welcomed thousands of people for events and gatherings of all kinds . We are currently raising funds for some essential upgrades .

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Venue Hire

We share our stunning space with a diverse range of communities, organisations and individuals . Hiring it out for weddings, blessings, parties, proposals, organisational away-days, concerts, conferences and workshops offers the Centre a stream of income that can support running costs and provide a degree of financial stability .

2023 was an excellent year for the venue hire business with more than 300 bookings .

We continue to receive stellar reviews on Google Maps, and a “Super Venue Status” on our main booking site Tagvenue .

A really beautiful venue, it really does look and feel like the images. It’s also really great for live music as the big hall makes it sound beautiful. The two venue managers we worked with (Alastair and Nelson) were really great. Nelson was on site throughout the entire event and catered to all our needs. He really made us feel at ease.

The location is perfect, right in central London. And the price is also amazing for the location and the space you get - you won’t get many places like this in London.

The venue was very open and flexible and didn’t have many rules against things which gave us a lot of freedom to do what we wanted. Will definitely keep this in the books to use again in the future.

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Our Su orters pp

A heartfelt thank you to all our Guardians, Friends, sponsors and donors who have helped to support our work this year .

We are grateful in particular to the following foundations and donors:

Camellia Foundation

Counterpoint Arts

The Ismaili Centre

Kalliopeia Foundation

Tides Foundation

Arts Council England

The Fetzer Institute

Garfield Weston Foundation

The Kitchin Trust

The Leathersellers company

And several foundations who wish to remain anonymous .

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Financial Review

St Ethelburga’s Centre has a diverse income mix, made up of grant income, earned income from venue hire, earned income from training and events, individual donors and occasional legacies . Before the pandemic, in 2019 we had intentionally built up a larger than usual reserve, as a strategy for financial resilience in the face of perceived increased likelihood of instability ahead in the wider landscape . This proved prudent .

In 2020 and 2021, our earned income was severely affected as lockdowns and limits on gatherings prevented our venue hire business from functioning for much of the year, and we drew substantially on our reserves. In 2022 we reported that the venue hire business had made an excellent recovery, exceeding prepandemic levels. We are pleased to report that this continued throughout 2023 and this year the trading subsidiary donated £179k to the charity (2022 : £186k), making up nearly a quarter of the charity’s total income.

orderly way, and have calculated that we would incur costs of £150,000 .

Maximum reserve target - on top of wind-down costs, our maximum reserves include £75,000 to help cover the future costs of maintaining our heritage building, plus £300,000 to cover 5-6 months’ total operating costs to ensure that the programmes are not impacted should there be any fluctuations in income .

The target reserve range is therefore £150,000 - £525,000 . On 31 December 2023, the unrestricted general reserves held by the Charity were £498,657, firmly within our target range .

Income in 2023

This year unrestricted income was £320k (2022: £281k) with expenditure being £278k (2022: £262k), and restricted income was £425k (2022: £530k) with expenditure being £469k (2022; £235k) . Therefore, at the end of the year the Charity’s closing position was a £42k surplus in unrestricted funds and a £44k deficit (funded by funds received in 2022) .

Our strategy remains to extend our activities and balance our budget predominantly with our trading income, whilst maintaining reserves within our target level .

Reserves policy The Trustees’ policy is to maintain a level of unrestricted general reserves which will meet the Charity’s commitments for the maintenance of the building and to provide a buffer for the operating costs of the Centre.

Minimum reserve target - in the event that we need to wind down, we would do so in an

Unrestriced donations and legacies Unrestricted donation form trading subsidiary

Restricted donations and legacies Charitable activities Investment income Other income

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Investment policy

The Trustees take a conservative approach to investing . Investments are held in the restricted London Diocesan Council for Christian Jewish Understanding (LDCCJU) fund and also as part of the charity’s general fund, with a mandate that prioritises the preservation of capital . On the advice of the Diocese of London, investments are held in CBF Church of England Investment Accounts, in ethical funds managed by CCLA Investment Management Ltd . Investments are monitored quarterly .

Risk management policy

Trustees and senior management routinely examine major strategic, business, and operational risks . There is a risk management policy, and risk register which is reviewed quarterly . The overarching narrative of our peace-work is about preparing community leaders and people from all walks of life to strengthen community cohesion and build resilience for times of global emergency .

We are therefore committed to taking risk management seriously, and embedding this thinking throughout the organisation, continually assessing and planning for the impact of major ‘unthinkable’ risks related to climate breakdown, economic challenge, the rise of extremism, increasing social fragmentation, cyber attack, more pandemics and globally disruptive events in general . We continue to feed the ongoing learning from the Covid pandemic into our contingency planning . This includes a broader preparation for how St Ethelburga’s can make a meaningful social contribution in the midst of a disaster or emergency .

Pay and remuneration

Pay and remuneration of key management personnel is determined by a committee of the Board comprising the Chair and Treasurer, in accordance with the charity’s remuneration policy . In 2023, St Ethelburga’s had a pay ratio of 0 .58 for highest to lowest paid staff member, a very flat ratio even for a small charity .

Appointment of Trustees

A Nominations Committee comprising Chair, CEO and two Trustees make recommendations

about new Trustees with regard to the particular skills and expertise that the Charity has need of . The Trustees are appointed by resolution of the existing Trustees and ecommended to Members at the next annual general meeting . Trustees normally serve a term of three years up to a maximum of 9 years from the date of first appointment .

Charity Information

Founder and Life President: Rt Rev & Rt Hon Dr Richard Chartres

Custodial Member: The Rt Rev and Rt Hon Dame Sarah Mullally DBE (Bishop of London)

Trustees: (also the directors of the company) Professor Joy Carter, Chair Manveer Gill (Treasurer) Sophy Banks Theodora Cadbury Warwick Hawkins Julia Hoggett Stuart Taylor Alison Donald

Co-Directors:

Tarot Couzyn Clare Martin

Registered office:

78 Bishopsgate, London EC2N 4AG

Charity registration number: 1121983 Company registration number 6408424

Independent Examiner:

Cara Turtington FCA DChA, Saffery LLP, 71 Queen Victoria Street, London EC4V 4BE

Patrons:

The Most Revd Justin Welby, former Archbishop of Canterbury;

Rowan Williams, Baron Williams of Oystermouth, former Archbishop of Canterbury; His Eminence Vincent Nichols, Cardinal Archbishop of Westminster;

Rabbi Laura Janner Klausner, former Senior Rabbi, Movement for Reform Judaism

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Independent examiner’s report to the trustees of St Ethelburga’s Centre for Reconciliation and Peace (‘the Company’)

Independent examiner’s report to the trustees of St Ethelburga’s Centre for Reconciliation and Peace (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023 .

Respective responsibilities of trustees and examiner

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) .

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) . In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act .

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission . An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records . It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters . The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below .

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act . I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies .

I have completed my examination . I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached .

Signed:

Name: Cara Turtington FCA DChA

Address: Saffery LLP, 71 Queen Victoria Street, London, EC4V 4BE

Date: 23 September 2024

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St Ethelburgas Centre for Reconciliation and Peace

Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 December 2023

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Income from other trading activities
6a
Other income
6b
Total income
Expenditure on:
Raising funds
7
Charitable activities
7
Total expenditure
Net income before gains on
investments
Realised and unrealised gains/
(losses) on investments
Net income for the year
8
Transfers between funds
Net movement in funds
16
Brought forward
Total at 31 December 2023		 Unrestricted
Funds
£
214,643
23,190
13,058
0
69,950		 Restricted
Funds
£

410,287

15,060

0

0

0
Total
2023
£

624,930

38,250

13,058
0

69,950
Unrestricted
Funds
£

205,018

19,823

8,625
650

47,347
Restricted
Funds
£

514,263

16,219

0

0

0
Total
2022
£

719,281

36,042

8,625
650

47,347

811,945

0

497,853

497,853

314,092
-49,780

264,312

0

264,312

2,931,660

3,195,972
320,841
425,347
746,188
281,463
530,482
0
278,489
0
469,009
0

747,497
0
262,439
0

235,414
278,489
469,009
747,497		 262,439
235,414
42,352
20,082		 -43,661

23,786		 -1,309

43,868		 19,024

-16,128
295,068
-33,652
62,434
0		 -19,875

0		 42,559

0		 2,896

0
261,416

0
62,434 -19,875 42,559 2,896
261,416
2,582,109
613,863
3,195,972
2,579,213
352,447
2,644,543 593,988
3,238,531
2,582,109
613,863

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

34

St Ethelburgas Centre for Reconciliation and Peace Balance sheet as at 31 December 2023 Company Registration No: 6408424 (England and Wales)

Notes
Fixed assets
Tangible assets
10
Investments
11
Investment in subsidiary undertaking
12
Heritage assets
13
Current assets
Debtors
14
Investments held as current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Funds
Capital and reserves
Restricted funds
16
Unrestricted funds:
Designated funds
16
General funds
16
Total funds		 2023
£
264,069
-
389,219
653,288
-19,101		 2023
£
4,138
454,320
1
2,145,885
2,604,344
634,187
3,238,531
593,988
2,145,885
498,658
3,238,531		 2022
£
343,187
-
307,671
650,858
-18,671		 2022
£
7,447
410,451
1
2,145,885
2,563,784
632,187
3,195,971
613,862
2,145,885
436,224
3,195,971

For the year ended 31 December 2023 the charitable company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved on behalf of the Board of Trustees on 24 June 2024 and signed on their behalf by:

Joy Carter, Chair

Manveer Gill, Treasurer

The attached notes form part of the financial statements.

35

St Ethelburgas Centre for Reconciliation and Peace Statement of cash flows for the year ended 31 December 2023 Company Registration No: 6408424 (England and Wales)

Note
2023
£
Cash fows from operating activities
“Net cash provided by / (used in) operating activities”
a
73,996
Cash fows from investing activities:
Dividends and interest from investments
7,551
Proceeds from the sale of fxed assets
0
Purchase of fxed assets
0
Proceeds from sale of investments
0
Purchase of investments
0
“Net cash provided by / (used in) investing activities”
7,551
Cash fows from fnancing activities:
0
Repayments of borrowing
0
Cash infows from new borrowing
0
Receipt of endowment
0
Net cash provided by / (used in) fnancing activities
0
Change in cash and cash equivalents in the period
81,548
Cash and cash equivalents at the beginning of the period
307,672
“Cash and cash equivalents at the end of the period”
b
389,220
a)Reconciliation of net income / (expenditure) to net cash fow from operating activities
2023
£
Net income for the reporting period
(as per the statements of fnancial activities)
42,558
Depreciation
3,310
Interest and dividends from investments
-7,551
Unrealised (gains)/losses on investments
-43,868
(Increase)/Decrease in debtors
79,118
Increase/(Decrease) in creditors
430
Net cash (used in)/provided by operating activities
73,996
b)Analysis of cash and cash equivalents
“At start of
the period“
£
Cash Flow
£
Other
Changes
£
Cash at bank and in hand
307,672
81,548
0
Total cash and cash equivalents
307,672
81,548
0		 2022
£
42,329
8,625
0
-9,930
0
0
-1,305
0
0
0
0
0
41,024
266,648
307,672
2022
£
264,311
2,482
-8,625
49,782
-264,142
-1,479
42,329
2023
£
389,220
389,220

36

St Ethelburgas Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 Company Registration No: 6408424 (England and Wales)

~~1 Accounting policies~~

Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102) and the Companies Act 2006 .

The charitable company meets the definition of a public benefit entity under FRS 102 . Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note .

Going concern

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern . The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period . Trustees have reviewed the budget for 2024 and are confident that assumptions in relation to fundraising and venue hire are realistic . Trustees are also confident that reserves are sufficient to cover any potential shortfall in income over this period .

Group accounts exemption

The financial statements give information on the charitable company as a single entity . The charitable company is exempt from preparing group accounts because the income of the group does not exceed the threshold of £1m . Further details of investment in subsidiary are given in note 12 .

Income

Donations income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met,

it is probable that the income will be received and that the amount can be measured reliably .

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred . Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met .

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt .

Investment income is recognised when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest or dividends paid or payable by the investment fund manager .

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity . Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity .

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably . Expenditure is classified under the following activity headings:

• Costs of raising funds comprise of trading costs and the costs incurred by the charitable company

37

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose .

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities . These costs have been allocated between cost of raising funds and expenditure on charitable activities on the basis of the staff time spent on the activity .

and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price . Any change in fair value will be recognised in the statement of financial activities .

Heritage Assets

“Heritage assets are the tangible assets of the charity that are of historical importance and are held to advance the objectives of the charity . The building is held at historical cost and is not depreciated as the historical cost is deemed to be at least equal to the fair value of the building . An impairment review is carried out annually and to date no impairments have occurred on capitalised items . The maintenance costs of these buildings are expensed through the Statement of Financial Activities .

During the year the Freehold building was reclassified as a heritage asset and as a result the opening balance for funds has been adjusted for the depreciation . This has been reflected in note 22 to the accounts .”

Operating leases

Rental charges are charged on a straight line basis over the term of the lease .

Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £5,000 . Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life . The depreciation rates in use are as follows:

Fixtures and Fittings

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered . Prepayments are valued at the amount prepaid net of any trade discounts due .

Cash at bank and in hand

cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account .

25% straight line basis on cost

Garden Tent

25% straight line basis on cost

Office equipment 25% straight line basis on cost

Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transation value

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably . Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due .

38

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

2 Detailed 2022 comparatives for the statement of financial activities

Income from:
Donations and legacies
Charitable activities
Investment income
Income from other trading activities
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income before gains on investments
Realised and unrealised gains/ (losses) on investments
Net income for the year
Transfers between funds
Net movement in funds
Brought forward
Total at 31 December 2022		 Unrestricted
Funds
205,018
19,823
8,625
650
47,347
281,463
-
262,439
262,439
19,024
(16,128)
2,896
-
2,896
2,579,213
2,582,109		 Restricted
Funds
514,263
16,219
-
-
-
530,482
-
235,414
235,414
295,068
(33,652)
261,416
-
261,416
352,447
613,863		 Total Funds
719,281
36,042
8,625
650
47,347
811,945
-
497,853
497,853
314,092
(49,780)
264,312
-
264,312
2,931,660
3,195,972
3 Income from donations 2023 2022
Donations
Donations > £5,000
Tides
Legacy for building maintenance
Kalliopeia
Porticus
Arts Council
Garfeld Weston
Camelia
Corporation
Fetzer Foundation
Kitchen Trust
Donation from trading subsidiary		 Unrestricted
£
214,643
£
0
0
0
0
0
0
0
0
0
14,703
179,270		 Restricted
£
410,287
£
48,037
0
116,297
80,000
1,498
25,000
10,000
0
116,775
0
0		 Total
£
624,930
£
48,037
0
116,297
80,000
1,498
25,000
10,000
0
116,775
14,703
179,270		 Total
£
719,281
£
0
107,757
56,185
10,124
13,486
25,000
10,000
6,096
166,529
13,183
185,498

39

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

----- Start of picture text -----
4 Income from charitable activities
Unrestricted Restricted 2023 2022
£ £ £ £
Training, consultancy and events 23,190 15,060 38,250 36,042
Other sales 0 0 0 0
23,190 15,060 38,250 36,042
5 Investment income
Unrestricted Restricted 2023 2022
£ £ £ £
Interest receivable 5,507 0 5,507 1,179
Dividends receivable 7,551 0 7,551 7,447
13,058 0 13,058 8,625
6a Income from other trading activities
Unrestricted Restricted 2023 2022
£ £ £ £
Venue hire 0 0 0 650
0 0 0 650
6b Other income
Unrestricted Restricted 2023 2022
£ £ £ £
Management fee from Trading subsidiary 69,950 0 69,950 47,347
Other income 0 0 0 0
69,950 0 69,950 47,347
6c Cost of raising funds
Unrestricted Restricted 2023 2022
£ £ £ £
Consultancy costs 0 - 0 0
0 - 0 0
0 - 0 0
7 Expenditure analysis
Cost of Charitable
Raising activities
funds Unrestricted Restricted 2023 2022
£ £ £ £ £
Salary costs 0 130,391 200,464 330,855 266,071
St Ethelburgas centre 0 138,990 268,544 407,534 221,300
Depreciation 0 3,310 0 3,310 2,483
Independent examiners fees 0 5,800 0 5,800 8,000
0 278,491 469,009 747,499 497,853
----- End of picture text -----

40

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

----- Start of picture text -----
8 Net income for the year
2023 2022
Net income for the year is stated after charging: £ £
Depreciation on tangible assets 3,310 114
Independent examination fee (Incl VAT) 5,800 8,000
9,110 8,114
9 Staff Costs
£ £
Gross Salaries 285,303 232,264
Social Security Costs 28,387 23,814
Employer's Pension 12,165 9,993
Other staff costs 0 0
325,855 266,071
2023 2022
Number of Staff No. No.
11 11
----- End of picture text -----

The total headcount in 2023 was 11 (2022: 11). The full time equivalence was 9.4 (2022: 7).

No member of staff received emoluments of more than £60,000 in this year.

The total employee benefits including pension contributions of the key management personnel were £96,833 (2022: £89,918). During the year there were £nil (2022: £nil) made in redundancy payments.

The charity trustees were not paid or received any other benefits from employment with the Trust or its subsidiary in the year (2022: £nil) The chairty trustees received £nil in expenses in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

10 Tangible Fixed Assets Total
£
98,721
9,930
108,651
101,204
3,310
104,514
4,137
7,447
Cost
At 1 Jan 23
Additions
At 31 Dec 23
Depreciation
At 1 Jan 23
Charge for the year
At 31 Dec 23
Net Book Value
At 31 Dec 2023
At 31 Dec 2022		 Garden
£
16,498
0
16,498
16,498
0
16,498
0
0		 Fixtures &
Fittings
£
7,050
9,930
16,980
9,533
3,310
12,843
4,137
7,447		 Offce
Equipment
£
75,173
0
75,173
75,173
0
75,173
0
0

41

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

----- Start of picture text -----
11 Investments
2023 2022
£ £
Market value of investments at 1 410,451 460,233
January 2023
Additions 0 0
Disposals 0 0
Realised and unrealised gains/(loss) 43,868 -49,782
Market value at 31 December 2023 454,320 410,451
Historical cost of investments 274,113 274,113
----- End of picture text -----

Investments are all held in a multi asset fund managed by CCLA in the UK.

12 Investment in subsidiary undertaking

Investment at fair value:
100% share capital of St Ethelburga's Centre (Trading) Limited
1 ordinary share of £1
Balance at start of the period
Balance at end of the period		 2023
£
1
1		 2022
£
1
1

St Ethelburga's Centre (Trading) Limited was incorporated on 28 July 2016, Company registration number 10300521 (England and Wales). The entity is controlled by St Ethelburgas Centre for Reconciliation and Peace who owns 100% of Shares in St Ethelburga's Centre (Trading) Limited.

Proft and Loss
Turnover
Cost of Sales
Administration expenses
Surplus/(Defcit)
Proft before Gift Aid
Balance sheet
Debtors
Cash at bank
Creditors
Net assets/ (liabilities)
Called up Share Capital
Proft and loss reserves
Total equity		 2023
£
268,071
-
-88,801
179,270
179,270
£
1,953
299,135
-301,087
1
1
-
1		 2022
£
249,981
-
-64,484
185,497
185,497
£
5,789
259,059
-264,848
-
1
-
1

42

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

13 Heritage assets

----- Start of picture text -----
||| |---|---| |2023|2022| |£|£| |2,145,885|2,145,885|

----- End of picture text -----

Freehold property at cost

"In addition, the charity owns church silverware, a 17th century gold chalice, a door frame and a painting all considered to to be of historic interest. All are held securely, most being stored off-site. In accordance with the charity’s accounting policy, these heritage assets are not included within the financial statements as due to the historic and unique nature of the assets concerned conventional valuation approach lack sufficient reliability.

The captialised asset is the building which is deemed to be of historic interest due to the history of the building. The property is held at historic cost and not depreciated as the Trustees believe that the historic cost is less than the fair value of the building. The building is reviewed annually for impairment. As well as being accessible by members of the public attending events at the Centre, the building is open to public visitors every week as well as for a monthly contemplative session that is open to all. The garden is open to the public while the Centre is open.

The Trustees have no plans to acquire any heritage assets and there have been no acquisitions during the year."

----- Start of picture text -----
|||| |---|---|---| |14 Debtors| |2023|2022| |£|£| |Aged debtors|0|22,802| |Amount due from subsidiary|257,402|232,845| |Prepayments|4,413|6,734| |Accrued Income|2,253|80,807| |264,068|343,187|

----- End of picture text -----

----- Start of picture text -----
|||| |---|---|---| |15 Creditors: Amounts falling due within one year| |2023|2022| |£|£| |Aged creditors|0|0| |Accruals|19,101|18,671| |19,101|18,671|

----- End of picture text -----

43

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

----- Start of picture text -----
16 Movements in Funds - 2023
As at 1 "Income/ "Expenditure Transfer As at 31
January Gains" / Losses" December
2023 2023
£ £ £ £
Unrestricted funds:
General funds 436,224 340,923 278,491 0.00 498,657
Designated building fund 2,145,885 0 0 0.00 2,145,885
2,582,109 340,923 278,491 2,644,542
Restricted funds:
LDCCJU 221,303 23,786 - - 245,089
People of the Earth (Leathersellers) 4,000 - 4,000 - 0
People of the Earth (Tides) 21,494 48,037 39,274 - 30,256
People of the Earth (City of London 2,091 596 2,687 - -
Corporation)
Listen to the Wold (Arts Council 4,973 1,498 6,471 - -
England)
Lifelines (Kalliopeia) 39,640 88,297 82,023 - 45,914
Lifelines (Garfield Weston Foundation) 15,670 25,000 18,222 - 22,448
Communications and Research - 28,000 9,500 - 18,500
(Kalliopeia)
Reconciling leaders (Porticus ) 56,825 95,060 104,756 - 47,129
Moral Courage (Camelia Foundation) - 10,000 5,800 - 4,200
Moral Courage (The Fetzer Institute) 140,108 116,775 136,464 - 120,420
Building Maintenance Fund 107,757 - 48,270 - 59,487
Peace Internship (German Church) - 12,086 11,540 - 546
613,861 449,136 469,009 - 593,988
Total Funds 3,195,170 790,059 747,499 - 3,238,531
0
16 Movements in Funds - 2022
As at 1 “Income/ "Expenditure Transfer As at 31
January Gains” / Losses" December
2022 2022
£ £ £ £
Unrestricted funds:
General funds 433,328 281,463 278,567 0.00 436,224
Designated building fund 2,145,885 0 0 0.00 2,145,885
2,579,213 281,463 278,567 2,582,109
----- End of picture text -----

44

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

Restricted funds:
LDCCJU
Leathersellers (Refugee Allies)
Tides (Refugee Alllies)
Inlight (Refugee Allies)
Heritage Lottery Fund (Stories)
Kalliopeia (Spiritual Ecology)
Inlight 2019
Inlight (Lifelines)
Porticus (Reconciling leaders)
Arts Council
Garfeld Weston
Camelia
Fetzer Moral Courage
Corporation
Building Maintenance Fund
Other grants		 254,956
0
13,265
10,000
3,057
0
11,742
0
55,640
0
0
0
0
0
0
3,786
352,447
2,931,660		 0
5,000
44,306
0
0
56,185
0
6,000
90,124
13,486
25,000
10,000
166,529
6,096
107,757
0
530,483
811,946		 33,653
1,000
36,077
10,000
3,057
16,545
11,742
6,000
88,940
8,513
9,330
10,000
26,421
4,005
0
3,786
269,069
547,636		 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 221,303
4,000
21,494
0
0
39,640
0
0
56,825
4,973
15,670
0
140,108
2,091
107,757
0
613,862
3,195,971

London Diocesan Council for Christian Jewish Understanding:

At the invitation of The Bishop of London (former), St Ethelburga’s has taken on responsibility for the management of funds held by the London Council for Christian Jewish Understanding. These are shown in the accounts as a restricted fund. Four Trustees act as members of the Council. Initially the Council has provide funds ro enable St Ethelburga’s programme of Jewish Christian activities to be expanded. Grants are also made to other organisations.

Transfers between funds

Following a review of the original terms, the trustees have recognised the accumulated investment income from the restricted LDCCJU fund as unrestricted income of the Centre. This has been done by way of a transfer in the current year.

17 Analysis of net assets between funds - 2023

Unrestricted funds:
General funds
Designated funds
Restricted funds:
Others
LDCCJU
Total		 Fixed
Assets
£
4,138
2,145,885
2,150,023
0
0
0
2,150,023		 Investments
£
209,231
0
209,231
0
245,089
245,089
454,320		 Current
Assets
£
304,389
0
304,389
348,899
0
348,899
653,288		 Current
Liabilities
£
-19,101
-19,101
0
0
0
-19,101		 Total
£
498,656
2,145,885
2,644,541
348,899
245,089
593,988
3,238,531

45

St Ethelburga’s Centre for Reconciliation and Peace Notes to the accounts for the year ended 31 December 2023 (continued)

17 Analysis of net assets between funds - 2022

Unrestricted funds:
General funds
Designated funds
Restricted funds:
Others
LDCCJU
Total		 Fixed
Assets
£
7,447
2,145,885
2,153,332
0
0
0
2,153,332		 Investments
£
189,149
0
189,149
0
221,304
221,304
410,452		 Current
Assets
£
258,300
0
258,300
392,559
0
392,559
650,858		 Current
Liabilities
£
-18,671
0
-18,671
0
0
0
-18,671		 Total
£
436,224
2,145,885
2,582,109
392,559
221,304
613,862
3,195,971

18 Financial commitments

At 31 December 2023 the charitable company had no aggregate annual comitments under non - cancellable operating leases.

Amounts payable under operating
lease commitments:
1 year
2-5 years
Total		 2023
£
0
0
0		 2022
£
0
0
0

19 Company Status

The charity is a company limited by guarantee. The members of the company are the trustees named in the financial statements and certain former trustees.

In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

20 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

21 Related party transactions

Donations totalling £nil were received from Trustees (2022£nil)

Expense claims totaling £nil were paid to Trustees (2022: £nil)

At 31 December 2023, £257,401 was due from St Ethelburga’s Centre (Trading) Ltd, the subsidiary (2022: £232,825)

No other related party transactions were made in the year (2022: none)

46

St Èthclburga'g Centre for RY nciliation and Peace