Charlty reglstratlon number 1138224.1 IEngland and Wal081 Company registration number 07292924 SHEPHERDS DENE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SHEPHERDS DENE LEGAL AND ADMINISTRATIVE INFORMATION Trusto05 E Rowark Reverend RJ McManf*rs AJertins Venerable Rick Simpson Reverend Barbara Hiiion Venerable Rachd Vknod Charlty number 1138224.1 Company number 07292924 Rogl$tsrod office Shepherts Oene Relreat Home ding Mill NothumbedarKI NE44 6AF Independenl examlner Robson LaidIerAcccAtaDls Limile Femwcod House Femwc4Jd Ro&J Jesm¢)nd Newcaslle Up Tyne Tyne and Wtar EnglaThJ NE2 1TJ Bankers The co-operab.ve Bk PO Box 250 S(elmersda 86 Sollcltors Mu¢kle LLP Time Central 32 Galbowgale Newcastle upon Tyne NE14BF
SHEPHERDS DENE CONTENTS Page Trustees, rewrt lThJependenl examirn¢s reF(x1 Ststemenl of find11 act Baance sheet Slalemenl of cash fl Notes lo the finanual slatemer 10-19
SHEPHERDS DENE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DEGEMBER 2024 The trustees present Iheir annual iewt fnanoal ststemenls lor the year erKled 31 December 2024 The financial slalemenls have LEen prepared in &eord8rKe the accounlir4J wli¢s¢$ Sel out in note 1 lo the financial statements and comply wrth the charrtys governing docurnenl, the Companies Act 2006 and 'Accounling and Reporting by Charitses. Statement of ReCcmmeed Practe apF4icat4e to charities prepanng their accounis in accordanee with the Financtal Repon9 Standard aP1¢atIe In the UK and Republic ol Ireland IFRS 1021" leffeclive 1 January 2019). Objectives and actlvltl•s The obie¢lives ol thè charity are to ¥aft¢e Ihe Chnstsan rdigon by the prOvon of a hc&tse of retreat, pnmarily nol exclusively lor members of the Church of EnglaThJ who afe resident in Ihe Dioceses of Newcaslle and Durham and beyond. which may also be used for any other chanlable purpose v4hich. in the opinlon of the trustees, will maintain and strengthen the relWJijS and educabonal lile ol tts usefs. Shepherds Dene Retreat House is a grade listed buildiry sel in 27 a¢res of lan¢Y comprising fomial garijen. wocyJlands and fields. It is throughout the year lo any WPK) VAshes lo come for a time of spiritual Tefreshment, relaxation. wellbeing and education Members of the publ a welcome to walk in the grourKls and mY local residents chose to do so. As a Church of England Relreat House, Sl5 Defft fftlcomes guests ol ¥1 lths rne. from the UK abroad The house has a chapel. a Pfayer house arKI other quiet a¢e$ There Is a programme ol eYenl$ mairty. although not exclusively. cenired on the Chrislian laith There are evenis involving music, craft5, guideij visits lo sites of historical and spintual significance and walks in the bealrtrful suffounding countrysidè. Our frtus is on $Pifilu81, physical, mental W1bng and, culural and educonal ewagemert. Shepherds Dene 1$ beirKJ used Increasingly for writing retreats. Lx)Ih by groups ol fictional authors and by PhD sludenls. W8 are s•ekn"n9 10 broaden ¢)ur offer to rexh a WKler while keepirrfJ to the spirrt of objectNes and activities. The trustee5 have paid due fe98rd lo guhlance SUed by the Charity Ctynmission in deoding what aGlivilies the charity should urKSertake Achlèv8ments and pèrformanc• 2024 Saw ihe house enter the yeai Lwvjer the leaOersh"p of Our newly afvwnl direclor Allison Hilton. Ajlison had been 8PPK>inIj In September 2023 afyj had been le to take up her post In earfy Decem08r 2023 At Ihe March meeiing of Trusleos Ihe board f¥ewdl to Philip DaVS and Deiek Nicholson, Both had gven distinguished service to Shepherds Dene. Derek Wds our longest serwng Irystee and Philip had served as Interim walden after the res¢gnaliDn of Jar Ea$lerby (hjnng the Covid cnsis wrth Ils tsyo perioos of b¢kdown Rather than replace these trustees imedtelY the ty)ard ede<l to C(XKlucl an authl of skills to identify gaps in Ihe present team Tfuslee Ali$iair Jenkins kinoly undertoth Ihis exercise. 111 is now complete and %ve are In the process ol CrU.ng new trustees) Dates and ts.mes ol It 4 main board meetirKJ5 Ihfoughoul the year re-L¥derj to enable both ¥chdeawns (The Ven Rick Simpson Irom Durham diocese aryj the Ven from Ne•a$e) alteThJ all four meelirys Our deliberafions have benefitted fr¢)m Iheif wesence. We ¢onl•iued to benefit trom Coach Hwse rehjrtmshmenl and our goIng latIonShIp with Sykes ts rts letting. January and February often quiet months. saw sustained occupation (This is a flexible arrangernent tnal enaL4es us lo relain perS where the Coach House may be needed to trNMJse ¢NeTfi(yw gLsls frcn Ihe main house.) A11150fT has ewaged energelicalty wlh the torab"On rerewing on a number of h8ath and safely policies and In the develownenl ol a number of initts¥È5. These have Induded afternom leas. s)daY and Christmas lunches, our first art fayre and a rolling wwamme of rerbl8hMent lof the seccrtj floor bedrM$.
SHEPHERDS DENE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT} (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The director and hèr tèam have also engwjed bwih a number of crisis corKeming floc¥Jing and draIne and ihe workings of the septic lank. There have also txen instances ol waler Ingress and part¢al alarm failings which have been addressed. The kitchens have a150 been InsP¢ted and the recommeThJats)ns Implemented. The early part ol the yeaf saw us still suffering a harrtJover from the effeds ol Ihe Covid Pandem January and F8bmary were particularly difficult with levels of occupancy. During the course of the year. however we have seen these figures steadily Improve. We also suffeied basemenl Iloothng after one of the storms and interference wrth our water 5uWy. Wlh the help ol (M Insurers NFU we have addressed and iesolved these Issues We also saw very laige rises in fuel wces were m rewpl of grants frryn Ourham Newcastle dioceses, which greafjy tte1 io address these tha1ng@s. Last year we weie infomed that we were tenefi¢¢ari¢$ of the esiate of the late tk)rothy Smrth. Dorothy was a lovely lady living near Haltwhistle. She attended many ol cxjr prcgramme evenis and engaged in a number of perstyial rtireats. She had come to regard Shefftrds Dene as her secorKI home We were lo recwve Oorothy's regdual estate, after a bequest of her chattels to another beneficaary. and Dorothy'5 hw5e." 3 Garden View, Park Mllage, Hallwhistle NE49 OJB. There was ¢onsideratrAe commurKatm beten Cartmel Shepherd so141¢8 of Halthistlè. acl'ng as executors ol Dorothy s estate and Shepherds Dene. This was handled ltllY by Philip Davies on IRhalf of the trustees, the laiw by the difector. received an initial trae of £1CQ.OC(J mainly ccmpos&J of the realisabon of 00Y'S various investments The board also decided after cTrsite inspect¢)ns and delitiaiion lo sell 3 Garden View Iralher ihan refurbish Il for later us21s3 I We paid Cartmell Shepherd a rther tee to register the land We obtained vauations from 2 regional estate agents Both recommended Immediate Sa at a valuat 01 £100.IXIO The house was placed on the market with Rook Sayers Mathew5 and achieved rts askirMJ PnGe of £100,OCQ. This also triggered the wndirrfj up of the estate from which we receiv&J a final Iranche ol arwnd £25.000 11 atso served lo accelerate the fegislration of the land. employed Taylor Rose SO11¢y$ lo sell the property for us. We also ctained a third valuation to demonstrate to the Chaf1ly ccffjmissicners thal we had sought the best pe for the trust. Thi5 again valued the property at £lQO.(KJJ. By the end cl 2024 this sale was almost compwe. {aThJ has fK)w finaltsed.) This ¢ondude$ all matters pertaining lo Dorolhy's est81e. The trustees have opened an account ith CCLA and have begun lo deposit mcfflies frJM Dorothy's eslale. The Irustees also decided lo restore Ihe beautiful hioric main staircase In Shepherds Dene and lo re-carpet the wlvJle of the Stairs. landings. halhyay, lounge and main wrridor. To this end we revived a relationship we had devdoped wrth Silkwood FIring of Dufham. They had recomm8nded designs and given esb"mates for tttis work Just prior io the Covio lock down This prgect was a major castjalty of the lock th&wn as It, as with all capital prq'e¢ts, had lo be suspended. The revived pioiecl saw a bespoke carpet. wrth a pattern loi which all the s18ff had voted, being woven lor us in Pol8#. We paid half Ihe cost ol this upfrwl The balance lo be paid on completion. The Ipel was woven in NovembeT and sloied in Srfkwood Fk)orings warehouse in December dY for installation dunng the quiet perio(l al the start of January 2025 This project was funded from donations speciftcally given for the carpet and kept in a feslricted lund. lapprox £35801. baL3ncè was nded by money frC Dorothy's eslale. The truslees also engaged Laryley Fumishings to complete the feslofalion of Ihe staircase The main resloialion was scheduled to immediately precede cafyet inslallalN)n. Theie will be a final phase lo restOTe warped ary cracl(ed panelling alongside the slaiTS will also reKAace some 'by sugar, spindles which have been lost, and lighten olhef spindks slrer¥Jlhen the banister. (the 'bailey sugar. spindl8s ar8 on older from 8 specialist firm_l The Iruslees have also commissed a quiryuena1 re[rt on our builth'ngs fr Maya Pclenz, She has made three rnajor inspections of our twilding$ and the report is almost c(xnpleie.
SHEPHERDS DENE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Al Iheir September meelir#3 lhe Trustees deoded lo dertake a kWC•Jramme of restcats)n of the Stable Block. This handsome stone built 5trlKtU ¢iprISeS fvdo Icthe l)oxes and a hay loft 11 sil$ within a walled courtyard adjacent lo the Coach House. The plan Is Io fepufpose Ihis into another cottage suitatrAe for letting5 and overflow use. Trustee Alislair Jenkins Is lo manage Ihi8 prqect and we are to work with Howarth Lilchfidd. surveyers with $peck91ism In hisloric buiklings. As a first step HL have commis%oned a survey of the woperty. Flnanclal revlew Incoming resources Total incoming iesource5 for the year amounted to £603.34812023'. £338.9241. This indLtde(l irrome from lelliffjs of £354.804 12023.. £280,476) and IrMe Irom granis. th)rtab"ons and kg¥ies amounted lo £220.175 12023". £32,6091 Expenditure durlng th• year Oulgoings were £443,45312023 £346.6301 wlhin whKh, 5talTng costs were £236,595 (2023.. £166,389). Nel Income of £159.979 vras rnade12023." .£7,7¢AI. Reseples polcy 11 Is the tru5lees' prAicy to maintain free reserves at a minimum of three Mth$, okEraling expenditure. Al 31 De¢ember 2024. Ihe free reserve5 (those NJI ld up in resthcted lurKJs or fixe¢J assetsl were bel the desired level however given t¢ impact of Covid and the Gurrent cosi of Iiwng pressufes, this is Th)t an unexpeetetl position. Structure. govèrnance and managernenl Governin9 document The charrty Is controlled by rts 9overnir¥J do(yJmwtt, a ¢Jeed of tnjst. aThJ c¢nstslutes a limited company. limi18L1 by 9uaranlee. as defined by the ¢rmwan A¢1 20(. Charity Constitullon The charity Is governed by the Charity C(xnmL85ion Sthrne daled 17 May 2011 and Is registered with the Charity Cotnmisskjn Lmder number 1138224-1 The Iruslees. who are also the diieatys fw the wrpose of cnpanY law. aTrJ seNed durir4J the year and up to the dale ol ggnalure ofthe finwcial Statem($ were, P Davies E Rowark Reverend RJ Mcmanners D Niehol>)n A Jenkins Venerae Rick &'mpson Reverend Barbara Hill( Venerable Rachel Vvood Resigr*d 13 June 20241 {ReSigt 13 June 2024}
SHEPHERDS DENE TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Induction and training of new trustees Under the Charity commS)n scheme Ihe Newcaslle 0Cesa Sooety 15 the custodn trustee of the charty. Shepherds Oene Is the sole corporale trustee of Il charity and the constituts" ol the cotporale Iruslee specifies that ils direeiors and Iruslees shall IrlUde The Bishop of Durham loi hislher nominee). The 815hop of Newcasue lor hislher nomineel". The Arch(leacon of Northuwnbefland LY swh othw aichdeacon from hislhef diocese a he 18he may choose lo nomtnale fr bme lo lime, The ArChIeon ol Durham N suth otFr arclhJeaCC Irom his th"ctese as he may choose to ncxninale from time lo lime. Two nominees of the Nev•tastle Diocesan Board of Finance,. Two nominees of the fhJrham Diocesan Boaid of Finance. In addit1, those trustees may appc4nt up lo 2 other trustees. Key management remungration The TrusteeslDirectors of Shepherds Dene e1Ve salanes: expenses oi other emoluments. for the work that they undertake on behalf ol the Retreat House The role ol thrector Is a salaried p051 of full ts.me employment, wth responsibility for Ihe Strategic development. financK41 performance and promtstion of Shepherds Dene and Ils programmes The Director has reSponslIty fN the Manement. wdfAre and d8vèJopment of staff and volunteers of Shepherds Dene. the care and wellbwng ol guests. Ihe maintenance of the fabric of the house and gardens and the management of the financial resources No accommodat is provwjed for Oiiector unlike most other retreat houses. Invgstm8llt powè The charity's govemiThJ documerrt Permits wide of investrnenl. The trusietts generally follow the eth[ investrnent policy of the Central Board of FIre of the Church of EnglarKI. Related charltles The Charity Is part ol the work of Newcastle and Durh Dicwe is related to othec charilies established for the rtherance of that woik. Rlsk Management The trustees are continuiro lo review risks They we corOu$ of the rEed to maintsin strong links bmth both Dioceses, In the Iighl of further reth1$ in th"(•n grt $upr)rt. and lo cont¥e lo review staffing. The Iruslees, reF(srt was approved by the Board of Trustees. Revefend RJ Mcmanners Trustee Dale..
SHEPHERDS DENE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEPHERDS DENE I report to Ihè tfuslees on my exaMTh1 of the financial slalernents of SheFwd8 Ithe ¢harityl lor the year eni1ed 31 December 2024, Responslbilstiey and ba$ls of report As the trustees ol the charity land also its directLYS lor Ihe purpose5 of company lawl. ytsj are responsible lor the preparat ol the linw slalemenls in accordance wth the feymnis of the Conwani¢sA¢i 2006. Having sabsfied myself that the fin8rKial statements of the charily are not requir8d to be aLYil& under Part 16 01 the Companies Act 2006 and are eligible for independent èxamination. I repL in respect of my examination of the charity's financial slalemenls carried out under section 145 of the Charitses Act 2011. In cafryin9 Out my examination I have follcwed thé Direthons gNen by ts c1ty commison urthr Se¢ln 14515llbl of the Chantie5 Act 2011 Indepondent examin•rfs $tatem•nl &'nce the ¢h¥rty's gross Income exceeded E250.000, Ihe Indepeent examiner musl be a member of a body listed in section 145 of the Charils Act 2011 1 confirm that l am qualified lo undertake the examination because l am a membef oflheAssociatirm of Chartered Certified Atants. is one ol the listed LK)dies. I have comyeted my examfftatth. I confinn that m matter5 have come lo my attenb.on ¥1 connection wrth I examinatim giving cause lo believe that in any mat1 SpeCt accountng records rKt kept In resW of Ihe charity as rewired by section 386 of the Companies Act 2006 the financial 6talemenls nol accord wrth tr)se records". the financial statements do not comFdy ith the &Coting requirements of section 396 of the Ccrfnpanies Atx 20C6 other than any requirement that the financi* stslements give a true and lair view which is not a matter considered as part of an indyndent examinatn. or the finanJal slalemenls have not been prepared in accNdanee wrth Ihe mBthods and yinciples of the Slatemenl ol Recomment1ed Practiee lor 0ntsj reprxting by charities aptAicatAe lo charities prep¥ing the finanoal statements accordance wlh Financial Re"n9 Standard applKab4e In the UK and Republic ol Irefand IFRS 102}. I have no concerns and have come across no other matters in eonneth.on wlth the eXaMinatn lo which attention should be drawn in this report in der lo enable a pwoper utmlerslandiffj of the financial slatements lo be reached NKholas Cunningham FCCA Robson Laidl8rAccount8nls Limrted Femwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear NE2 1TJ ErKJland Dated .8~1.£¢1Z(... .
SHEPHERDS DENE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Current flnanclal yoar Unrestrlcted Restrfcted fund$ funds 2024 2024 Total Total 2024 2023 Noles Donalws and legacies Charitable activities Other Irading actitieS Other inccne 220.175 354,804 28.369 220,175 354,804 28,369 32.609 280.476 14 179 11.860 Total Incom• 603.348 603,348 338_924 Rai&ng funds 3.916 3.916 1.503 Charitable activities 438.048 1,405 439,453 345.127 Total resoufce5 expended 441.964 1,405 443,369 346.630 Net IncomSnglloutgoingl resources before transfers 161.384 (1,4051 159.979 17.7061 Gross transfers bewn funds 114) 14 Nat incomoll•xpendlturo1 for the y¢arl Net movement In funds 161.370 {1,391} 159.979 17,7081 Fund balances at 1 January 2024 2.615.445 4.971 2.620.416 2.628,122 Fund balanc8s at 31 December 2024 2.776,8lS 3.580 2,780,395 2.620,416 The $tal8ment of financial activiti.es IludeS all gairts and kjsses recogrysed In the year. The slalemenl ol financ1 aclivibes includes all gains and losses reCognisl in the year All incryne arKI expenditure denve from conlinithng activities The statement ol financi 8cliviiies also coMplS with the r8quiremerts for an income and expenditure a¢nI nder the Companies Act 2006
SHEPHERDS DENE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor financial year Unrestrlcted R&strlcted funds funds 2023 2023 Total 2023 Notes Oonalions and legacies Charitable activit5 Other Ir?ding acliwlies Othw Income 32,609 280,476 14,179 11,660 32,609 280,476 14,179 11,660 Totsl Income 338,924 338,924 RaisirrfJ lund5 1,503 1.503 Chwrtable athwlies 345, 127 345.127 Total SOurceS exp8nd8d 346,630 346.630 Net incomln9lloutgolngi r•sour¢¢s before transfers {7.71XI {7.7061 Nèt incomellexpendilure> for th• yearl Net movement In lunds 17.7Cbl 17.7061 Fund balances * 1 January 2023 2.623.151 4.971 2,628,122 Fund balances at 31 DKOrnr 2023 2.61 S.44S 4.971 2,620.416
SHEPHERDS DENE BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notos Fixed assots Tangible assets 12 2,621.191 2,626,473 Current as8•ts Stocks Debtors Cash at bank and in hand 13 14 4.030 120.808 102.604 3,239 8.240 53,366 227.442 64,845 Cfoditors: amounts falllng du• wlthin one year 15 {43,2381 {45,9021 Net current assets 184.204 18,943 Total assets less Current liabilities 2.805.395 2.645,416 Crodltors: amounts falling due aftor mor8 than one year 16 {25.0001 125,0001 Net assets 2.780,395 2.620.416 The lunds ofthe charfty Restricted Inccrfne fvThJ$ Lr@StriCted funds 18 19 3,580 2.776.815 4.971 2.615.445 2.780,395 2.620.416 The company Is en'Ued to the exempbon Irom the audit requirement cOnnj in sectson 477 of the Companies Act 20CE, for the year ended 31 December 2024 The direct¢xs ackn¢)wle&Je Ihew resp)nsikn"lrts lor cOM.j wrth the ul[emt$ of the ComparMe6 Act 2(X16 wilh respect lo accountyng rec(Kds *KI the w¢parats" of finwKial statements. The members have not required Ihe company lo oblain audit of its fnancsa statemen15 ihe year In question in orxordance with section 476 These financial statements have been prepared in accordCe wth t 0vIsiOnS applicable to companie$ subject 10 kne small companies lMe. The financial statements were approved by the trustees .. Reverend RJ Mcmannws Trustee Company rw51raknon rwmber 07292924 (EngId and IN8les)
SHEPHERDS DENE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from op•ratlng activities Cash generated from operatK)ns 22 54.223 17.670 Investlng actlvltlos Purchase of tangible fixed assets 14,985) 115.919) Net cash used in Inv8stlng acllvltlos {4.9851 {15:9191 Flnanclng activities Repayment ol borrowings 10.000 Net cash generatsd from financlng actfvrtles 10.000 Net increase In Gash and Cash equwalents 49.238 11.751 Cash and casfi eouiv8lenls al beginrmg of year 53.366 41,615 Cash and cash •qulvalents at end of year 102.604 53,366
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity informatSon Shepherds Dene 15 a pnvale company limrted by guarantee irwLYale(I In Engl&t)d and tsIeS. The registered office is Shepherds Dene Retreat Home. Riding Mill. NorthumbedaThJ. NE44 6AF 1.1 Accounting conventson The financial statement5 have been prepared colanCe Ymlh the charity's governing ¢Sxumenl, CompanEs Act 2006. FRS 102 'The Finanaal RepK)rting Slandafd applicable in the UK and Republic ol Ireland" ('FRS 102.1 and Ihe Chariiies SORP -AccountsThJ and Reporting by Charities. Statement ol Recomrnended Praciti appli¢aNe lo Charities PfepafiNJ their accounts In accordance with the Financial Reporting Standard applicable In the UK and RebI of Ireland IFRS 1021. {effecb've 1 January 20191. The charity a PutAic Berfit Entity as defird by FRS 102. The financial statements are Pfepare(l in erling, which ffj the functicmwl curwcy of the chwrty. Monelary amounts in these ffinwKial statements are rwnded to the n&ar8s1 £. The financial sialemenls have Ixen kyepared WKkr h"stollcal cost convenlKJn. The principal accounting policies adopted are sel CArt beknv. 1.2 Golng concwn At the time of approwng the financ1 $18tements the Iruslees have a reasonable expeclation that the chartty ha5 adequate resources to continue in opeTab'fflal existence for t foreseeable future. Thus the trL61ees continue to adopt the going concem bags of accwnbrvJ In prepanng the finanaa statemenis. 1.3 CharStable ndS Unrestncled fvnds are availle for use al Ihe of the trustees in furtheraxe of th&r charitable ot4ecltves. Restricted funds we stt)Jecl to corklthons by donws or grantor5 as to hcm they may be used. The purposes and uses of the restricle(I fur)ds are sel out in the note5 to the finarA stalemenls. 1.4 In¢om• Income is recognised when the charrty is legally enlilled lo rt after any perf(rnance condib'ons have been mel, Ihe amounts can be mea5LJred reliably, and it Is p[Ctse thal ificome will be received Cash donalions are recognised on receipt Other donation5 are ¥ecogni5ed once the Gharity has been notified of the donaliw, Lmless pertManCe condi1¥$ require defefral of Ihe atnounl Income tax recoverable In rel8tiiJn lo (bnalic¥)s received under fy"ftd or deeds of covenant is recc¥3nised al the b.me of the donats'on. Leg&ies we fecognised receipt or 01herse rf ts charrty ha$ been nob.fièd of an imFendbng dislribthion. Ihe amounl Is known. and r8ceipt is expected. If the amounl is r¥)t krnvm, the legacy is Irealed as a contsngenl asset. 1.S Expenditure Expendllure is recognised once there is a lega or constructive oblTrgation to transfer economic benefit lo a third party. il is probable Ihal a transfef of econcnK benefits will be required in settlement, and the amount ol the 019aln can be measured lIa. Expenditure Is claswfied by thity The costs ol each acbvty are made up of the 1gt4 of dir1 costs and shared costs. induding Supp cosis involved in undertaking each acbwty Direci costs attnbulable lo a single activity are alk)cated dliectly lo thai aclivily Shared Costs contribLJte lo more than one aclivity and support cosls which are not attritr*rtatAe to a single a¢tNily are apportioned betsveen those activities on a bass consistent wth the use of resources. Central staff costs are allocaleé on the basis of time spent, and deprec¢alion charges are dlocalgj on the portion of ihe asset's use. 10-
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continu8dl 1.6 Tangible fixed assets Tangible fixe(l assets are inilially rnr6d at cost and Subsen measured al cost ¢X valualK)n. of d8preciats.on and any ImpalmnI losses Depreciatlon Is recognised so as to vrte off cosl valuation of assets $S tsr re5U81 values over their useful lives on ts ftAlowng bases". Freehokl Lqnd aTrJ Iwildings Kilehen & catering equipmenl Fixtures and fittsngs Not deiwoted Straighl line over 15 years Strai1 over 5 years The gain N loss ari%ng on di¥Dsal ofan assel Is dèlemirtd as the differen between the sale P¥¢xeeds the carryiro value of the asse( and ts recc43nis8d in the statement of actmties. 1.7 Impalmwnt of fixed assets Al each reporting end date. the clty revws the carryiro amounts of its langible assets to deiermine wheiiEr th¥e is any ndi¢ab"on Ihai Ilw assets have suffered an Impairment loss. If any sh ndallOn exists. the recoverable amomt ol Ihe asset IS eslimaled in order to delemiine the extent of the impaiiment loss (il any). 1.8 Stocks Stocks are slated at the lower of cost and esb"maled sdling price less cos15 to complete and sell Cost compiises direct m3terials and V+here applICae. dwecl labour costs and those oveiheads th81 have been Incurred in bringing the stocks to their present locati arvj cMditson Items hekj for distributicn at no or min consideiabon are measured Ihe lower of replacement cost and cost. 1.9 Cash and cash equlvaltsnts Cash and cash equivalents wKILKle c88h wi hand, depois held at call wrth banks. shcl-lemi liquid Investments with ongrnal rpaliiTilses of three months Of 8. aThJ bank overdiafts. Bank overdrafts are shown within borrowngs in Curr lthlrt*s. 1.10 Retirern•nt bèn•llts Paymènts to defined cLY)trilxrtM retirem1 benefit $¢hemes we chafged as an expens¢ as they fall ¢YIAe. Income from donatlons and loga¢l•s Unrostrlct•d Unrestricted funds funds 2024 2023 Donaiions and gifts Lega¢ies Granis 2,925 212,250 5,000 3.109 29.500 220, 175 32.609 11
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• from donatlon$ and legacies {Continuedl Unro¥trl¢tod funds 2024 Unrestrleted lund8 2023 Grants Newcastle DIOan Board of Finare Chur¢O Institute TrLbSt DLJrham DirKesan B¢)ard of Finarte 5,000 15.0 4.500 10.000 5.OC¥J 29.500 Incom• from charttable actlvities Unrestrlcted Unrpstrlcted funds funds 2024 2023 OperalK)n of retreat IKsuse 354.804 280,476 Income from other trading activities Unrgstrlcted Unre5trlctèd funds funds 2024 2023 Membership subscryts'orts and swnsorships Fundr8i&ng events Shop income Letting and1Scensing arrang)entS 430 360 4.610 1.569 7.640 3.786 16.375 Other Ifatting 3clivibes 28,369 14,179 12
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Exp•ndlture on raislng funds Unrtstrlctèd Unrestricted fund5 funds 2024 2023 Tradlng costs Qpefating charty shcys other trading ath"vilg 965 2.951 1,233 270 3.916 1,503 Exp•ndltvre on charltable activities Operatlon of Operntion of retreat retreat housè houso 2024 2023 Dir•¢t costs Staff costs Depreaalion 8nd impatm)enl Gas and Eledr Sundry Expenses Repairs and M*nlenance Purchase Admin and Publicity Water and Sewerage Clearnng and Laundry 236,595 10,267 $0.839 2.210 44,362 36,296 25.045 13.778 9,229 188.389 16.047 36,767 1.s01 34,167 30.737 24,308 7,339 430,621 337,255 Share of support and govemance costs Isee note 7 Support G0veme 8,088 744 7,872 439.453 345,127 Analysls by fund Unreslricled funds Restricted funds 438.048 1,405 345.127 439.453 345.127 13-
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support ¢osts allocated to acttvlties 2024 2023 AccournCY arKI b?kke'n9 Governan costs 8.088 744 7.872 8.832 7.872 Analysed betW•on: Operatn of retreat house 7.872 Support costs includes payments to the 1ndek)dtt examiners 01 £3.305 {2023'. E3.150) ts the independenl examination. Net movement In funds 2024 2023 The n8t movement in funds is slated after chargiwlcreditingl". Fees payaLqe for Ihe indepervjent eXnIatl of the (than8 finatKial statements Depreciab'on of (ywned langible fixed assets 3,780 16.047 10,267 Trustees None ol Ihe trustees lor any persons ¢onwted wnth th) recaved any remuneration or beffi1$ from the chaiity dunng the year. 10 Ernployeeg The average monthly number of employees dLrring the year was." 2024 Number 2023 Number House staff 16 15 Employmènt costs 2024 2023 Wages salaries Social securily costs Olher pensp)n costs 220 367 10.233 5.995 176.842 5.142 4.405 236.595 186,389 There w@ no èmyoyee8 those nUal femUnera¢h was more than £60.000. 14-
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees Icontlnuedl Rornunerallon of key management personnel The remuneration ol key management personnd was as follows.. 2024 2023 Aggregate c¢Jnpensat 46.087 25.857 11 Taxation The ch¥ty B exern irom tsxalion (MI rts lmIleS al its ir£ome is appl fc( charilatAa purF<)ses, 12 Tanglbl• flxéd assots Fr•ohold land bjlldlnq K6tcheft & Flxture5 ar ateTing ffttln96 equipment Total Cost Al 1 January 2024 Additions 2.612.8BO 58,183 4,285 119,950 2.791,013 700 4,985 Al 31 De¢emtef 2024 2.612.880 62,468 120,650 2.795,998 Depreciation and irnpalmiont At 1 January 2024 Depreciation charw in Ihe ye 32.758 1,821 28,671 3.321 103,111 5,125 164.540 10.267 Al 31 Decemter 2024 34,579 31.992 108 236 174.807 Carylng amount Al 31 Oarnr 2024 2,578.301 30.476 12.414 2.621,191 Al 31 December 2023 2,580.122 29.512 16.839 2,626,473 Freèhold Property Irlded In freehOj property is Ireehold laThJ of £830.80612023'. £830.806). has not been depreciated. The freehdd property represents freehrAd land and builth"ngs. Thè property was rjonaled to the charitable company on 17 May 2011 at lair market value and ts shchwn al cost. Flus any subsequent addilioris The propety is Grade11 listed and as a result is maintained In a good slate of repay Deprecial'on 1$ ¢hargsd on an annual basis to wrrte value of the Pfoperty down to ils eslmat&l reshjual Ve in 100 year5. 13 Stocks 2024 2023 Raw materials and consLtmables 4.030 3.239 15-
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Debto 2024 2023 Amounts falllng du¢ wlthin one year: Trade debtors Other debtors Prepayments and a(led incon 21.918 590 98.300 6,755 590 895 120.808 8,240 15 Cr8dltor8- amounts falllng due wlthln one year 2024 2023 Other tsxatv)n a1 soc1 securty Trade cieditors Other creditors Accfuas a1 defefred irKome 6.517 8,374 24.381 4.759 6.747 30.4 3.0 43,238 45.W2 16 Creditors: amounts falllng due •fter m¢1• than one year 2024 2023 Borrwng$ 25.000 25,000 17 R•tir•m•nt b•n•flt schwnes 2024 2023 Dellnfjd ¢ontrIbl0 schemes harge to yofil or loss In S¢t of defined ccthtxjb.on s¢lmes 5.995 4.405 The chorily operates a defined CC*ttnbub" pension scheme all qualifyin9 empwes. The assets of the scheme are held separately from those ol the charity in an Independendy adminisiered fund. 16-
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 R•slrl¢t•d funds The restricted funds of the charity comwse the u1perjed balatKes of dMalls and grants h81d on Irusi subject lo spEciffi¢ conditions by don(Ys as lo how may be used At 1 January 2024 Resourc6s expended Transfe At31 December 2024 Woodland FuThJ The Muckse Fund Carpel Fund 335 1.056 3.580 1340) 11.065) 3.580 4.971 11.405) 14 3.580 Previous year: At 1 January 2023 ResouTCeS expended TraD$fers At31 December 202J Woodland FurKI The MkIe FurKI Carpel Fund 335 1.056 3.580 335 1.056 3.580 4.971 4.971 Woodland fund This fund represents Income reraved frrjn the Foresty C$S1On and donatwjns received through Ihe 'Sponsor 3 Iree. appeal wtru'ch is to be used for the impfoyemenl of fv woo(land. inclLKJin9 clearing and replantsng trees. The Mu¢kle fund This was a donation receiv purwse of buil(*ry Steps n the Weland. Carpet fund The carpel luTrJ relates lo donatiorts leVed to renew Ihe carpets. 19 Unre5triGted funds The reStricted lurkls of Ire charty Cm"s8 the unexperd balances of donaty.ons and grants wh'ch are not subject lo specific conditions by tho($ and grantors as to they may be used These Include d&snated funtts which have been sel a$e oul of leStrted funds by the Ifuslee5 speafic purposes At 1 J•nuary 2024 Incomlng r•sourc8s Re$our¢es expended Tran$fers At31 0o¢ember 2024 Gera funds 2.615.445 603.348 {441,Wl 1141 2.776,815 17-
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Unrestricted funds (Continuedl Prevlous year: At 1 January 2023 Incoming resources R•sour¢e$ expended Transfers At31 Dècember 2023 General lur#ts 2.623.151 338.924 1346.630) 2.615.445 An•ly$l$ ol net assets between fvnds Unrnstrl¢t•d funds 2024 R•strlcted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current assetsllliabilities Long terrn Iiabilrties 2.621.191 180.624 125.0001 2,621.191 184.204 125.DODI 3.580 2.776.815 3,580 2,780.39S Unr•strbet•d funds 2023 Restrfcted fund8 2023 Total 2023 At 31 Oecember 2023: TaNJible assèts Current asseisllliabllrt$) Long term liathlib'es 2.626.473 13.972 125.OlXII 2,626.473 18,943 125,0001 4.971 2,615.445 4.971 2,620.418 R•lat•d party transactlons There were no disclosaue retated party Iiansacb'ons during year12023 . nty)e>. 18-
SHEPHERDS DENE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Cash gengrated from operations 2024 2023 Surpluslldthitl for the ye¥ 159.979 17,7¢%} Adjustment5 for. Depre¢ialion and impaimenl of taryible fixed assets 10.267 16,047 Movtments In working capital.. Ilncreaselldecrease In stocks Ilncreasel in debtors IDe¢reasellincrease n 10T5 (791) {112.568> 12,6641 13.1221 12.293 Cash gonerat¢d from operations 54.223 17.670 23 Analysis of ¢hango$ In nèt funds At 1 Janwy 2024 Ca&h fl¢)*& At 31 D8cember 2024 Cash at bank and N) harKJ 53.366 49.238 102.604 Liws falling thje after more than one yea( 125.0001 {25,0001 28.366 49,238 77,604 19-