Charity Number: 1125094 HEALING ROOMS ENGLAND & WALES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024
HEALING ROOMS ENGLAND & WALES Contents Page for the year ended 31 March 2024 Content Page Charlty Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Flnancial Actlvitles Balance Sheet Notes to the Accounts 8-10 Detalled Accounts: Headquarters 11
HEAUNG ROOMS ENGLAND &WALE5 Charity Information for the year ended 31 March 2024 Charity Number 1125094 Governlng Instrument Deed of Trust dated 30th June 2008 Trustees Vmee J Potter (Resigned 31st August 2023) N Paskin Rev P Howard Rev D Balsdon (Appointed 1st April 20231 Trust Objectlve The advancement of the Christian faith Prlnclpal Addre55 Danesford Communlty Centre West Road Congleton CW12 4EY Sollcitor5 Finn Gledhlll 1- 3 Harrlson Road HALIFAX HXI 2AG Independent Examlner Samantha J Sutcllffe FCCA Torevell Dent Limited Chartered Certified Accountants 1- 3 5t Ann's Place Pellon Lane Halifax HXI 5RB Bankers Royal Bank of Scotland Drummond House {Z) Branch Drummond House l Redheughs Avenue Edinburgh EH12 9JN Page 1
HEALING ROOMS ENGLAND & WALES Trustees Annual Report for the flnandal year ended 31 March 2024 Healing Rooms England & Wales Trust is constituted by a Deed of Trust dated 30th June 2008 with the name of Natlonal A550ciation of Healing Rooms England. The name was changed by a deed dated 31st December 2015 to Healing Rooms England & Wales. It 15 a Reg15tered Charity No. 1125094. Its addre55 15 Danesford Community Centre, West Road Congleton, CW12 4EY. The CharityTrustees are.. _ Mrs Veronica Mee Mr Jame5 Potter (resigned 31st Au8U5t 2023) Mr Norman Paskin Rev. Paul Howard Rev. Derek 8alsdon (Appointed 1st April 2023) AIMS AND OBJECTIVES The prime objectlve of the charlty Is the advancement of the Gospel of Jesus Chrlst in all Its fullness In accordance wlth its statement of falth. The other maln objective is:. The relief of suffering and preservation and protectlon of good health by way of the provision of spiritual and practlcal help to any person in hardshlp, sickness or distress who shall request such help and the promotlon of physical, emotional and spiritual health, wholeness and well-being by such mean5 as shall be consistent with Christian dottrine in accordance wlth its statement of falth including (but not limited to) prayer for healing of any person as mentioned above. Every local Heallng Rooms team depends upon voluntary workers for Its operation. The finances of the Trust are predominantly dependent upon subscriptions from it5 affiliated, autonomous Heallng Room5 and the free will offerings of its member5, together with occaslonal small donation5 from the general public. REVIEW OF PROGRESS AND ACHIEVEMENTS The general running of Healing Room5 England & Wales IHREW} was conducted at its headquarters in Congleton, Cheshlre dLtring this flnancial year. Followlng the complete removal of soclal restrictions associated wlth the Covld Pandemlc, HREW has fully resumed meetings In churches, community centres and marketplace premi5e5. During the Pandemic, HREW had adapted to the social restrictions by opening a national telephone prayer line and online video conferencing prayer ministries. Those additional modes of ministry then became and continue to be an integral part of HREW'S day-to-day work. whilst also continuing extensively with face-to-face prayer ministry. HREW continues to arrange its Annual National Conferences. the most recent being hosted in April 2024 at th'é Rldgeway Conference Centre in Milton Keynes, a church-ba5ed events centre, with up to 400 present. Whi15t the number of Heallng Rooms acros5 the Country had decreased during the Pandemic to forty-five ministry locations, following the 2023 and 2024 Conference5 HREW has received an ever-increasing number of new Page 2
HEALING ROOMS ENGLAND & WALES Trustees Annual Report Icontinuedl for the year ended 31 March 2024 REVIEW OF PROGRESS AND ACHIEVEMENTS Icontinuedl enqulrie5 from people wishing to join Healing Rooms, team5, also enquiring about the posslbility of openin8 new Healing Rooms. Sign if icant ministry partnershlp relatlons continue to be developed and strengthened. An Increaslng number of face-to-f3ce and onliiie training courses for volunteers of new Hea lin8 Rooms are beiiiB held. FINANCES The attached financial statements show the current state of the finances which the Trustees conslder to be sound. The Tru.qtees are required to hold Sufficient reserve funding to address HREW'S ongoing fiiiancial needs arisin8 from the range of exlsting. potential and unexpected fundin8 reqiiireme.nts relevant to HREW'S activities. Conversely, the Trustees would not Wlsh HREW to accumulate reserve funds far in exr.e.ss of its ongoing needs, such that the declared purpose5 of which HREW was establisl)ed were not being fulfllled. The Trustees therefore consider that HREW should hold reseNe fundin8 <lt a level approximately equal to one years, income at present income levels, assuming that in any financial year the levels of incorv)e and expendilure are a pproximately equal. However, the Trustees reserve the right to cliange the level of reserve funding at any time to protect the financial viability of HREW. partlCLilarly to ensure that It able to meet all of its ongoln8 financial commitments Each local Heallng Rooms is an autonomous affiliate of HREW and not under HREW'S fl nancial coi)trol, Accordlngly, the annual accounts of local Healin8 Rooms are not included In H REW'S published annual financial statements, the latter being restricted to the activlties of HREW, as mana8ecl from its Congleton-based headquarters. The Charity's banker5 are Royal Bank of Scotlaiid, Druiy)tnond House IZI Branch, DrumrnDnd House, I Redheughs Avenue, Edinburgh, EH12 9JN The Charity's Independent Examiners a re , Torevell Dent, 1-3 St Anns Place, Ha lifax, HXI 5R8 Approved by the Trustees and signed on their behalf by Vmee Chalr Date I¥. VEI46Ek ZO'2+ Page 3
HEALING ROOMS ENGLAND & WALES Trustees Annual Report {contlnuedl for the year ended 31 March 2024 Statement of Trustees, Responsibilities Law applicable to charitie5 in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial attivities during the year and of Its flnancial position at the end of the year. In preparing those financlal statement5 giving a true and fair view the Trustees should follow best practice and . al select suitable accountlng policie5 and apply them consistently; bl make judgements and estimates that are reasonable and prudent; c) state whether applicable accountlng standards and statements of recommended practlce have been followed, Subject to any departures dlsclosed and explained in the financial statements; d) prepare the financial statements on the golng concern basi5 unless it is inappropriate to assume the Charity wlll continue operating. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the flnancial posltlon of the Charity and whlch enable them to ensure that the flnancial statements comply wlth the Charities Act 2011. They are also respon51ble for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detectlon of fraud or other Irregularities. Page 4
HEALING ROOMS ENGLAND & WALES Independent Examiner's Report to the Trustees of Healing Rooms England & Wales I report on the Accounts of the Charity for the year ended 31 March 2024 which are set out on pages 6 to 11. Respective Responsibilities of Trustees and Examiner A5 the Charity's Trustees you are responsible for the preparation of the Accounts,. you consider that the audit requirement of Section 144 of the Charlties Act 2011 {the Charity Act) does not apply, It Is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commission under section 14515llbl of the Charity Act, whether particular matters have come to my attention. Basis of Independent Examlnerfs Report My examination wa5 carried out in accordance with the General Dlrections given by the Charity Commissioners. An examlnation includes a revlew of the accounting records kept by the Charity and a comparison ofthe 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 provlde all the evidence that would be required in an audit, and consequently I do not express an audit opinlon on the view given by the Accounts. Independent Examlnerfs Statement In connectlon with my examination, no matter has come to my attention: i) whlch glves me reasonable cause to believe that In any material respect the requirement5 (a) to keep accounting records In accordance wlth Section 386 of the company Act 2006 Ibl to prepare Accounts whlch accord wlth the accountin8 records and to comply with the accounting requirement5 of the Charities SORP {FRS1021 have not been met, or 21 to which, In my opinion, attention should be drawn In order to enable a proper understanding of the Account5 to be reached. Samantha J Sutcllffe FCCA Torevell Dent Ltd Chartered Certified Accountants 1- 3 St Ann's Place Pellon Lane Halifax. HXI 5RB Date: Page 5
HEALING ROOMS ENGLAND & WALES Statement of Financial Activitles forthe year ended 31 March 2024 Total Fund5 2024 Total Funds 2023 Unrestrlcted Funds Re5trlcted Funds Notes Incoming resources Incoming and endowments: Donations and legacie5 Charitable activities Interest Received 19,745 32,078 827 19,745 32,078 827 6,854 29,747 325 Total 52,650 52.650 36,926 Resource5 expended Expenditure on: Charitable activities Other 31,132 870 31,132 870 34,025 660 Total 32.IJ02 32,002 34.685 Net (expendlture)lincome 20,648 20,648 2,241 Reconclllatlon of Funds Total funds brought forward 65,950 65,950 63,709 Funds transferred Total funds rarrled forward 86.598 86,598 65.950 Page 6
HEALING ROOMS ENGLAND & WALE5 Balance Sheet as at 31 March 2024 Total Funds 2024 Total Fund5 2023 Unrestrlcted Funds Restricted Funds Notes Fixed assets Tangible assets 288 288 384 Current assets Debtors Bank and cash 3,884 85,972 3,884 85,972 2,863 68,439 Total current assets 89,856 89,856 71,302 Credltors , Due within one year 13.5461 (3.5461 {5,7361 Net current assets 86,310 86,310 65,566 Total assets le55 current Ilabilltles 86,598 86.598 65,950 Credltors '. amounts due after one year Total net assets 86,598 86,598 65,950 Funds of the charlty Unrestricted Fund5 Head Office Restricted Funds Head Office 86,598 65,950 Total Funds 86,598 65,950 The Financial Statements were approved by the Truslees on the. behalf by :" and signed on theiy Vmee Page 7
HEALING ROOM5 ENGLAND & WALE5 Notes to the Accounts for the year ended 31 March Z024 l. Accounting Pollcies The Financial Statements have been prepared under the historic cost basis of accounting, and are In accordance wlth the financial reporting standard applicable in the United Kingdom FRS 102 and with Charities Act 2011. Incomln8 Resources Pollcles . All Incoming resources are included in the statement of financial activitie5 when the charity 15 legally entitled to the income and the amount can be quantlfied with reasonable accuracy, Resource5 Expended Pollcles: All expendlture is accounted for on an accruals basis as a liability Is Incurred and includes VAT which cannot be fully recovered. b) Costs of generating funds: Voluntary income comprlses gifts and donations from supporters. Income from charitable activities comprises conference income, product sales and centre subscriptions. The Trustees consider It impracticable to attribute c05t5 to this Income Charitable actlvities comprises the direct costs of Headquarters together with the costs of actlvities related to the propagation of the Gospel and the dellvery of activities and servlces to its beneflciaries. It Includes both costs that can be allocated dlrectly to such activitles and indirect cost5 nece55ary to 5UPPOrt them. d) Governance costs comprises the direct costs of the charity that are not related to charitable activities or fund generatlon. The Trustees consider that any a pportlonment of indirect costs would not be material. Assets Pollcles . al Fixed Assets are included at C05t le55 accumulated depreciatlon. bl Depreciation Is provided to write off the c05t or valuation, less estimated residual values of all fixed assets except freehold land, over their expected useful lives. It is calculated at the following rates: OfFice Equipment Furnishings 20% on written down value 20% on written down value Page 8
HEALING ROOMS ENGLAND & WALES Notes to the Accounts forthe year ended 31 March 2024 2. Resource5 expended Total 2024 Total 2023 Charltable Actlvities . Conference costs Travelling expenses Administration costs Depreclation/los5 on disposal 16,152 4,868 10,016 96 22,693 4,868 6,368 96 31,132 34,025 Governance Costs . Independent examlner's fee 870 660 Flxed assets Asat 01-Apr-23 IDlsposals)/ Addltlons Dep'n tor year Asat 31-Mar-24 Unrestricted Funds:. Offlce equlpment Technical equipment Furnishings 196} 288 1961 288 4. Debtors and prepayments Total 2024 Total 2023 Income tax recoverable Prepayments and other debtor5 3,689 195 2,207 656 3.884 2,863 Page 9
HEALING ROOMS ENGLAND & WALES Notes to the Accounts for the year ended 31 March 2024 5. Creditor5 Total 2024 Total 2023 Amounts falllng due wlthln one year Accruals 2023 HREW Conference 720 2,826 660 5,076 3,546 5,736 Independent examiner 2024 2023 Fee 870 660 Transartions with Trustees Trustees recelved travelling expenses during the year of £Nil12023 . £Nil I Page 10
HEALING ROOMS ENGLAND & WALES Statement of Flnandal Actlvlties for the year ended 31 March 2024 General Fund - Headquarters {unrestrictedl 2024 2023 Incomlng resources Donations Donations for overseas ministry Conference and seminar fee5 Local Healing Rooms membership subscriptions Giftaid tax reclalmed Interest received 9,418 3,050 29,501 5,665 4,189 827 9.640 3,000 14,900 6,854 2,207 325 52,650 36,926 Resources expended Conference costs Donations redistributed Office stationery and postage Computer software Travelling expenses Insurances Miscellaneous expense5 Independent examiner's fees Depreclation 16,152 loo 1,824 606 8,641 1,291 2,422 870 96 22,693 195 1,658 524 4,868 1,313 2,678 660 96 32,002 34,685 Net Income ZO,648 2,241 Page11