Charfty r•glstrntlon number 1140727 Company reglslrati4)n numb•r 07320054 (England Ind Wahsl SUE RYDER PRAYER FELLOWSHIP ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 SUE RYDER PRAYER FELLOWSHIP LEGALAND ADMINISTRATIVE INFORMATK>N Th• Reveter•J R C Poot•l (Ctrkn) P*iRF M8CPD•* (P4piknted 18 May 2023> Mr W F(Ml 12 2024) Mr•RYo Chath 1140727 RGg 8NN Oxfordshlre RG9 4QG SUE RYDER PRAYER FELLOWSHIP CONTENTS Page Chaiman's 8tatsmont Trustees rewt Indepondenl examiners report Statsmgnt of finondal actlvities Balanc& sheet Notos to the financial statements 7-15 SUE RYDER PRAYER FELLOWSHIP CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 As I ￿10 this report three C's ccffle lo mSnd, Consolidation, ContirAJty and Change. 'Consolidalion'. because having weathered the IMp￿t of the Covid Pandernic there have been positive signs of building LT)crf th loundations, that have largely bogn laid by Stewar( in promoting a Housg Programme of Re￿at$ and in developir links both k•c£lly and more wd&ly to increase the number of groups and individuals makn'ng use of facilities at St Katharino's. Sadly, thg offects of the pandemic have had a considerable impact ￿ income. and this. coupled w(th the Increased cost ol ulillb'es, led to a $h¢)rt fall in the first throe months of the year, so that it was necessary to vmhdraw £13,tKKJ from our resarves to cover expenditure. Howevw, ￿1h incr8asgJ bookings over th8 lest ol thg year, and 8ddTtlon81 contributlons frcffi the gardgn, ts total levels Improv￿ and Ihere was a small surplus at the end ofthe year. Despite cLJntinued ¢cfi¢em3 at the rfsiw costs of uti16tles and othor eX￿￿j1¢ur￿, il seems unllk8ly that Ihere wll be further naod to draw upon rgservgs, as tho number of booknngs conts'nues to sh¢)w an in(Tr8se. l usè the w￿d 'Continuity' to èxpre&s the èrKouragino way in whth the use of the house is continuing to grow aTrd develop. vlth a vafied programme of events and activities, an in￿eased number of ou￿de groups and the positive contribution bain9 mad8 by lh8 t8am ol Day Chapl&'ns. M8ny visit￿8 have welcomed the availats'lity of thè Chaplains. Thore is, ofcourse, an in8vitsbility 8trnut 'Chang8', for that is all part of life YM have sean somè ch8nge$ during the cour3e ol the year, the welccme arrival of Leo and Alg to loin tho Staff Team. vthilst others have lèti and the lo$$ of Sue Lepp as Secretsry and TreaBurer tsking a new post of Parish Prf*$t and Chaplain at Gaknck Alrwrt. Sug's contribution to the Pray8r Fallowship has been considerabk 8nd shè will be gr8aUy missed bul we vlsh her well in her rthv role¥. A significant ¢hange. which the Trustees had to grapplg with, was Ihg appointm8nt of a new Accountan( leading to tho dolay ol the AGM wtil the Autumn Retreat. Thankfully, wlth the hèlp and support of Ml¢hag1 Culting, Neil Major of Brutcffl Ch8rfes was apyjinted to the role aThJ he has proved lo be effiaent and thorough in preparfro thg accnunts and 8cling as our independent examlner, for which wa ar8 very grateful. One other change lo ment¥)n is th& tsming of the Autumn RelreaL whth was extended this year to indude weekgnd. This resultèd in mora of the Prayar Fdlowship members baing 8ble lo partllpate. something that they cO￿d not do cn wogk days. 11 was agr88d Ihat this pattom should continu8, Wlth the Spring Retre81 being the usual Monday to Wednesday dales along vAth thg AGM, whllsl the Autumn Rotroat shwld be over * weekend with the potential of addod participalion by members. Consolidation, cDntinuty and change also applles to thè work taking ￿8¢8 in the Lady Rydgr Memorlal Gard￿. 8 vital part of the 9xpgri9￿ of a visit lo Sl Kathari￿,s, and thanks musl go to all the garden vduntegrs who work 50 h8rd to create a teautifvl as wdl as provlding 8 rAentiful supply fresh fruts and veoetables. Tha major change in thg gordgn has beon thg completion of the Vinehouse Project, creating a fle￿ble w￿kIng SP￿ for both garden8fS and visitors, as well a$ rgstoring the original look of the Winehwse, hcsusing an dderly but fruitrul vino1 I W￿ld like to express my grateful Ih8nks to all the Trusle&s fty thwr contribution and Support. and espeaally to Ruth Youn9, who not only serves as Deputy Chair has also taken on tha extra responsibilities of being Secretary and Treasurer of the Fall￿W8h1p. Finally, hugè th8nks lo Stewart. in his role of Oiroclor, and to all th8 Staff Team al St Katharine's, bolh p8id and volunt8ry, fe¢ thè tremendous work and contn"bubon Ihal they havo made to thg iofe of St Kath￿n￿'s,11 Is gready apprgdaled. The Reverend R C Pes Chairman Date.. SUE RYDER PRAYER FELLOWSHIP TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The twslees wesent their annuai reF*Xt and ffinan￿al statèments for Ihe year anded 31 December 2023. The f￿8nd81 statemgnts have been prepred in 8ecord8nce vith the accountirg policAes set out in note 1 to th& financial statements 8nd comply wlh tho charitls memorarKlum aTrJ artides of assoc￿tiOn, the Companies Act 2CQ6 and "A¢countir4J and Reporting by Ch￿tIes.. Ststsmenl of Recommanded Practice applicable to charrties preparing their 8cmunts in 8ccordgnce with 1he Fin￿G￿91 Reporting Standard appllcable in the UK and R8public of Iroland IFRS 102) Ithtiv6 1 January 20191. Obie¢tive$ and actlvltles The Fell¢)wship maintains at St Katharing'$, Parmoor, a Retreat House, where groups or individuals of all faiths and danominabons. or none, can meet to find peace. a Ilme for reflection and the to enjoy thè house and rts grounds surrounding countryside. Thére is also a w4lled garden which has been restored by volunteers to which grow)5 of vulnerable disabled ¢Jisadvantsg8d p8ople can come and enjoy and banefft from itg sumundings. The trustees hove paid duo rggard to guidance issued by the Charity CommI￿10n in d•iding what activities thè charrty should undertake. Achlovements and perf¢)nnan¢e Th8 hws8 is belng wdl used wth an increasirKJ number of groups and individuals attending for r8tre815 of various and other m88tin9s. An on goiro maintenance and upkeep programma has 8nsured that the house has been kèpt In gOCK1 order, and ts grounds havg also been well cared for. The comrAetion of the Vin8h￿S￿ project has provided addillonal meeting gnd worknng space for volunl8ers and vismors lo the gardon. Furlhor links havg b99n eststlished in the community, espeually with the local primary school, and five othar groups m8ke regular visits to tha Memorial Garden, induding children and youno WF4& wlh disabiliti'os and odults with dementia. The varied programme of activities and retreats at St Katharine's has been well received. and this will be furlher developed in tho fuiure. Tha Day Chaplains Team started during the year and their participation and presence has enhanced the servlces wovidgd by the house. Flnan¢lal ￿l•W The finanual perf(rnance and posrbon of thè th￿ty. we shMI In moro datsil on paps 5 arKI 8. can b 8ummarlsgd as follows: Total income lor tho year was rJ24,861 12022.. £282.823}, after total 8xpen8e8 of £303,052 {2022'. £224.677) galn on thè $418 of investments of £9.21812022.. £6,479) Ihg not surplus the year was £31,02712022'. £44.4251. Of this. the restricted aclivty results rdaling to the Lady Ryd&r Memorial Garden were income of £107.518 {2022'. £32,345) and cporating costs (oxduding ￿pital expenditure) of £67.222 12022.. £2,525I, rosulting in a surplus of £40,29612022.' £29,820) for the year. CaFXtal costs in resF*¢t of tho new Vln& House affl￿nted to £44.656 {2022'. £25,450) for th& year and Ihgse are refl8ct8d on the balance sheet as &ldifjon8 to the Vin• House. Depr8ciation of £1,402 was charoed on the Vino H￿se ￿ tlis charge is part of restricted costs of £67,222. The unrestricted activ￿.9$ had an incom8 of £217,343 12022.. £230.2791. a gain on Invastm8nt sa18s of £9.218 12022.. £6,479) and ￿$ts of £235,83012022'. £222,153) ra￿ltIng Sn a d￿CIt 01 £9,269 lor the year12022.' £14,605 surplus). R•8arves Pollcy It is th8 policy of the charity that unrestricted free reseNe8 knds, (those not rwe8entèd by T￿ed assets), we to bè m8Snlainod at a lov81 of approximately three morth'3 nomal operating Thg trust88s cDnsidar that rgserves at this level will ensure that, in thg event of a $IgnIfi￿nt drop in funding, they w711 be able to ¢onlinue the harity's airrent £c*v￿e5 while conslderation is ￿Ven to w8ys in vthich additional fijnds m8y bè raised. As at 31 December 2023 Ihe level of free unrestricted res8rves ha8 bèèn ta1￿lated as £71,812 {2022.' £55,631), vthlch the Trustees is al an adequate level. SUE RYDER PRAYER FELLOWSHIP TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structurej governance and management Tha charity is also a company Ilmits¢J by guarantse and thè memor8ndum and arbdos of assodation of the company act as the govgming document and its consulution. Tho lJu$lg0$. wh) are a150 the directors for the purposg of company lthv. and who served duriThJ the year and LP to the date of sognature of the finana81 stsi6ments were." The RevereThJ R C Postdl {Chaimian) Mrs R Young The RevereThJ S E Lepp Mr$ R F lQng Mr$ S Pool The Reverend Canon R Wclifton Ms C P Danie1$ Mr W FovAer {RoSign￿l 4 October 20231 {App(Mntsd 18 May 2023) (Appoinlod 12 March 20241 en new or addlonal In￿te9$ aw required they are elected by the members c* ￿optsd by the trustses. All Irust88s ar* also members. and supffi the objacls of the charity, as sel oui atrrt)ve. On8 third of the Iruslèes must retire at •￿h Annual Gonaral Maoting of the charrty, t￿$8 IG￿￿$t in offic8 retsring fir818Th1 the d￿1¢? ba￿een 8ny ol equal 8eNice t•ing made by drawng lots. All relring Iruslees vtho are 8ligibl8 may b¢ ro&Fpcinled. Co-optsd trusts88 hold offieè until tho nextAGM, vthen thoy may bo elected by tho members. Now Trustees are recru6ted by the existing tnjstsgs after interv1v￿n0 thgm and ¢￿SId9nng Ihelr pasl athi9vemorts aNI thelr pdOn￿l ￿ntrIbutiOnS lo th9 thorfty and its wder obj'ectives. None of the trusts88 ha¥ any benoficAal interest in the thnpany. All oflh8 trusteès are members ol the o)mpany and gua18ntse to contribirtfr £1 in the 9v¢nt of a wndirvJ up. The Trustees rewt was approved by the eoard cl Trustso5. The R•verend R TruBtsè este imanl SUE RYDER PRAYER FELLOWSHIP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUE RYDER PRAYER FELLOWSHIP I repixi to the trustees on my examination of the ftna)ci81 staements of Sue Ryder Prayer FellNship {thè chantyl fry th8 y8ar erKted 31 Decemb8r2023. Rejponslbllllles and basls of report As tha trustses of tho tharity land also it3 directors for the purposes of c>)mpgny lawl you are responsibi? lor the prgparation of financi818tatemgnls In aoGordprKe wlh the requirom8nts of the Companies Act 21))6 Ilhe 20C6 Act). Having satisfied my8eK that the finanaal statements of the Charity are not required lo audited under Part 16 of the 20Cfj Act and arg oligible for independent ex4minati¢n, I rerth in respoct ol my examinatkin ol Ihe charivs financAsl statements camed out LtThJ8r section 145 of Charities Act 2011 {th0 2011 Act). In caryiro ￿Jt my exaMinat￿n I have follsmd all the applicablg Dir￿tiOnS giv￿ by the Charity commissi￿ under section 14515)Ibl of the 2011 ACL Independent èxamln•rfs statement Sinc8 tha chari￿s gross Income oxceeded £250.CIXJ your examirnr must be a member of a body listed in 80ction 145 of the 2011 Act. I confirm tst l am quallfied lo uThJertake the examlnation because l am a membw cl ICAS, which is of th& listed bc¥Jias. I have completèd my examlnauon. l confirm that maiters have coma lo my altention in conneclion with I exanination giving me cause to b&lievo thal in any maten.al respoGt'. ac¢ountSng rg¢ryds were not kept In resp8Ct of tha tharity a$ raquired by sectKffi 386 of tho 20COAct' or thè finatxgal $lal8m8nts do not accord Ihosg romrds,. the financlal statements do not comKAy with th8 accounting requlromgnts of section 3* of tho 2we Act other lh￿ 8ny req￿rernant that th9 accounts giv• a true and fair vithv vthith 18 not a matter considèred 88 part of an independgnt ex￿In8ti$Jn', or the financial ststemènts have nol boan prépared in 8ccordgnce wth the methods and wnc4pi6s ol the Statement of Recommonded Pracllce for accounting and reporbng by tharities appli¢ablo to ¢hartU•s prgparSng th8ir accounts in accordanGg with th8 Financial Reporting Starrtlard applicablo in the UK and Re￿￿1C of IrdaTrJ IFRS 102). I have no c￿CeM$ and havg Come across no other matters in cMne¢tion with the examinati￿ to whieh aitenti Sh￿1￿ b9 drawn in this rep)rt in ordor to enable a proper und•r$tat)Jing of the fin￿claI $tal8ments lo be reached. -fg./-L. Mark Lyns AS 8rut¢n Ch•rl•s Tho Coath Hou$8 Greys Green Busine88 Centre Hènl&y-on-Thoffi88 Oxfordshire RG9 4QG Dated". SUE RYDER PRAYER FELLOWSHIP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrnstricted Restrl¢t•d nds fund¥ 2023 2023 Total unrostr1ct￿ Ro$tdct•d fund$ funds 2022 2022 T¢l41 21r23 2022 Not•$ In¢ome frgrn.. Donabons and legaci&s Charitable activ￿0$ Inveslments 8,800 210,674 10),613 8,905 107,213 217,579 4,260 225,986 32 26,900 5,445 31,180 231,431 T¢)tal Incom• 217,343 107.518 324.861 230.278 32,345 262,623 endlture on.. Charltsblg *iviti88 235,830 67,222 303.OS2 222,152 2.525 224.877 Nel gainsl{10sso$1 on investments 9,218 9.218 6.479 6,479 N•t lexp•nd6tureylncome ferthe y•arl Net mov•m•nt In funds (9,269) 40.296 31,027 14.605 29,820 44,425 Fund balances at 1 January 2023 2.425,385 35,￿29 2,481,314 410,780 6,109 2,416.889 Fund balanc•• at 31 Decomber 2023 2.418,116 76,225 2,492,341 2,425,385 35,929 2.481,314 Th8 Statemenl ol finan￿al Indudes all g4ln$ and losses rocogniwj in lh8 year. All i￿ome and eXp￿d[lure dwlvo from continuing activ￿88. Tho ststement of finanual activities alw comF4ias with the rewlremonts for on incomè and eypendiure account under the Companies Act 20C6. The re3trTCted funds abovo of £78.225 include the of £25,450 from 2022 8nd £44,￿ In 2023 of costs that ware caprt81is8d on the balance 8heet, In respect of the new Vine House and as$gciat8d buildings work. Ths wcrfk wa8 completg(l in 2023, any fwther costs to be Incurr*3 are likely to be in respect of repairs and maintsnarte. SUE RYDER PRAYER FELLOWSHIP BALANCE SHEET AS Af 31 DECEMBER 2023 2023 2022 Not8$ Flxed as$ets T8rvJlNo assets Invèstménts 10 11 2.413.CQ8 78,712 2,389,754 82.494 2,491,720 2,452,248 Current assets Debtcys Cash at bank and in hand 12 2,500 35.550 26,538 38,050 Cr•ditorJ: amounts falllng due wlthln one year 13 125.91n 128,9841 Net cjjrrent assets Total a￿￿ts1o$S current Ilabllltlos 2,492,341 2,481.314 In¢om8 funds Rg$trict8d funds Unrestricted l￿d$ 76,225 2,416,118 35,929 2,425,385 2,492,341 2,461,314 The company Is onlltknd to the exemption from the audt requlrgment contained in sectlon 477 of1he Ccffipani88 Act 2rA16. for the year eThJ•J 31 Decembèr 2023. The directors acknovAedg9 Ihglr re$F￿n61t￿lItieS for complying thg rgquiraments of tho Ccmpanles Act 2008 wilh resp8Ct lo accounting re(xvd$ and tho preparation offinal￿181 $tatsM￿ts. The m&mber8 have nol requlrod thg company lo obtain an audt of its finandal Slatsm￿ts for the year in que9th￿ in aco)rdancg section 476. These financial statements have bèan prepar•J In aC￿ld￿r￿8 tho provisicfis ap￿Kable to compani85 subject to thg small companies regSmfr. nancial sta ents were approved by the Trustees on .... ac)24 The Revorend R C Pes TnJst•• {Ch*imian} Company rngistratlon numb•r 07320054 SUE RYDER PRAYER FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlnu poll¢l Charfty Inforn)atlon Sue Ryder Prayer Fellowship Is a company limitèd by guarantse incorporated in Engl￿d aThJ V%lal85. Th¢ r8gis1orsd office is Sl Katharinos, Parmoor, Friath, Honby-orFTh￿88, RG9 8NN. 1.1 Accounting conventlon The fina￿la1 statements havo b88n prèpared In acc(ffdanr* wrth th8 charity'$ govemirvJ documen( the Companies Act 2C(e. FRS 102 Yhe FSn8ncial Reporting Standard applicable in the UK and Républic of Ir¢lan(r C'FRS 1021 and th8 Charities SORP 'Accounting and Reporty'ro by Chafltles.. Statement of Re¢ommend8d Prath'cè 8PFdi¢8fAe to tharities preparing Ihgir aCC￿nIS in accordance wth Ihe FinancAal Reporting St8ndard applica￿9 in thè UK and Republic of Ir8lpnd IFRS 1021" (effective 1 JaNgry 20191. charity is a Public Benefit Entity as dofinfjd by FRS 102. The chadty has tsken advantsge of thg provlsions in SORP tr charilies not to prepare a Ststement of Cash Flows. Thè ffinanclal slatemgnts are prepared In stwling, i¥ thp functl¢Jnal c￿enCY of the charity. Mone am￿￿1$ In these finanaal ststgmonts are rounded to tha rnarasl £. The fin8nrAal Statern￿ts havo bean ￿epar0d under the Nstorical cost C(¥1￿10n. 1.2 Golng ¢onc8rn At tho time of aFproving the financkgl stat8ments. the tru$t•o$ have a mascnat4e expectslion that the tharity has adequats rasourcès to continL* in Opefglonal existence for tha for8s8ealAe fvlure. Thus the tru$tg8s continue to adopt the going concern basis of accounling In preparing the financial statements. 1.3 Charitable fund$ Unrestricted lunds are av8ilable for use at th• distTetion trustees in fvrtheranca of their tharitsble obj8ctiv85. Rostrkted furbjs ar8 subject to condition5 by donm as to h¢JW Ihey may be ￿ed. The wipJ5es arNJ uses of restn.ctod fvryl$ arè set out In the ￿te$ to th8 finanrAal slatemgnts. Er#Jowmenl fiJnds ¥e Subject to speafk corKlitions by donors that the Ca￿thI must b8 maIntal￿d by Ihe Ch￿ty. 1.4 Income Income is r8coJnised when the charfty Is legally entiued to il after any perfomiance ¢¢￿￿(tiOnS have b88n m81 th8 amoLmts can mgasurfjd rdiably, and il is proba￿• Ihat irthme wll be r8c8ived. Cash dOna￿On$ 8rè racognised cffl recelpl. Other ¢Jonations ara recognisod onca the charity has beon nolifi•d of th8 donatron, unless p9rforman￿ condib'ons requlrg deferral of the amount. Income tax re￿Verable in relalion to donations rticaved und¥r GfftAHI or deeds of covenant 1$ ￿COgnised at tho lim8 of the (kjnation. Leg8Ctes are reeognlsgd on r8celpt or otherwlse If the th￿tY has b8•n notifiod of an IM￿n￿ng distributi￿, the amount is kn￿￿n. ￿lpt 1$ expectsd. If amount is not kn¢xn, th• logocy is treated as contSno8nt asset SUE RYDER PRAYER FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢￿untIng polldes {C¢ntln￿d) 1.5 Expendlturn Expernlitwe Is recognised once therè is a legal or construcknvo oblVJth'C￿ to transfer ecommic benefft to thrd party. it is prci)able that a tr8nsf•r of O￿n0m1C benefits will be requlred in s8tt18ment, and the amount of the oblrgation can bé measured reliably. Expenditure is classffied by activty. Thft costs of èath actfvrty are made up of th8 total of direct costs and shared costs, induding SUPF()rt costs invdved in undortaklrvj ￿ch aGUvity. Direct costs attributsble to a singkg activity are all(xated diredy to that activity. Shared costs wlich contribute to more than one activlty and sUp￿t costs whic* are not attributat4e to a singlo athvity are appjrtioned b8fv4egn Ihosa activitigs on a bosts c(x￿1$t8nI with the usa of rasour¢es. Central staff costs are allsxated on the basis of time $peftL and dgprKiation charg8s are allocated on the Fx)rtlon of th• asset's usè. 1.6 Tanglblo flxed ass•ts Tangible fixed assets are inilally measured at cost subsequently measur8d at cost or valuation. net of doprociation and any impaimienl losses. Depreaaion Is recognisfjd $0 as to write ¢)ff thè ¢>)3t N V81uation ol assets ￿sS their rti&dual values ovor their usgful lives on the fdl¢Mng basis.. Freehdd18nd and ￿lIdIng$ rrfj deprèa8tion ch8rg8d on the basis of gXP8Ct•J incr80$0s in V81uo 2% stralghl Ilnè basis Vine Hc￿Se Tho gain or loss arisirvd on Ihe disposal ofan asset is deteminèd 8$ dlfference bots%*n the sale proGood¥ and the Qarrying value of thè asset, 8nd Is recognised in thg Statomgnt ol financial activlties. 1.7 Flxed as•et I￿v￿tments Fixad asset investrrftnts ￿ initially measured al transaction wc8 e￿lUdIng transacti¢)n costs, and are subsewendy measL¥ed * fair valu8 at epLh reporliro date. Ch8nges in fair value are rwnised in nét irKomellexpenditurel lorthg yegr. Transaction costs are expensed as In￿rIed. 1.6 IMpalrn￿nt of flxod as¥ets At ¢ath rewting end dale, Ihe Charity revi￿$ tho c8rryirrfJ amounts ol ts tawiblo assets to determtne whether thère is ￿Y SrKIIcAb"on that thoso assets have suffered an impaimont loss. If any such indlcatlon exlsts, the recovarable amount of the asset is estimated in ordw lo detsmine the extent of the impairment 1053 lrfany}. 1.9 Cash and ¢ash equlvalents Cash ond cg$h equivalents include cash In hand, deposlls held at call with banks, olhor short-temi liquid investments with origlnal maturities of threo months or less, and bank overdrafts. Bank ovardrafts aro $ho within borrthwngs in Current li8lxlibe$. 1.10 Flnan¢141 In$trument$ Thg charity has elected to apply the prOVi￿On$ of SectKJn 11 'Basi¢ FinanrAa Inslruments, Section 12 'Otrw Financial Instruments I$sugs' of FRS 102 to all of its finar￿la1 I￿tIUM8nts. Finanaal instrumènts ars rècognised in the Charitys balance shoot Wh￿ tho charity becomes party to tho contr8dual prO￿51C￿S of Ihg instrument. FIn￿￿al ass￿ and liatiifoes are offBe( with Ihe net amounts FK8s8ntad in Ihe finanaal 8tat¢ments. vknen there is a legally enfcYcoabl& right to s8t off the recognis&J amounts and there18 an intention to settle on a [￿1 basis or to realise th8 asset and settl6 the 1[a￿lItY slmultsnoou$Iy. SUE RYDER PRAYER FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poll¢lo$ Icontlnuedl B•8k flMn¢lal •uèts Basic financial assets. which indL•Je debtors and cash and b￿k b8lan¢es, are initially measurad at transaction price Including transaction costs and arg subsequently ¢arri8d at amorUs8d cost u$iThJ the effective int8r8st melhed unless the arrangament constitutes 8 finanang transaction. whero the transaction is measured at the present value of futur8 racèipts dIs￿nted at a market rale ol interasl. Financid a889ts classlfied as rec8iv8ble withln ong ygar we not 8morUsgd. B•slc fln•nel•l liabiliti 8asic financial liabilits'es, includlng crèditors and b8d( kians are inibally re¢￿anISed at transadion price unless the arr8ngomgnl oonstitutès a fin￿￿n9 transaction. where tho debt instrument 1$ measured at the pre$￿t valug of thg fvlure payments di%gwted al a mafkgt rate of interest. Fin8naal liabilities classifled os paya￿8 within one year are not ￿lortised. Debt Instruments are SubseqU￿￿Y carried at amortised cosl using the effectlve interest rats method. Tr&d• credltors are obllgations to pay for gOC*Js or servSces that havo been acquired in the orthnary course of oporalions from suppliers. Arn￿nts paya￿8 are classiNod as cuffent liabilllies If payment is due wthin ono yaar or less. If not. they are presented as nc4Fcurrent Ilatxl￿e5. Trada creditors are re￿gnised iritially at transaction pdce and subs0quen￿Y maasur8d at 8mLYti$ed cost usir¥J the Offe￿5v8 int•rèsl methtsj. D•iwnltlon of flnanclal Il•bllMI FSnancial li*silib'e$ are dgr8cognis*d when tha ch¥ity's CA%tractual obligations explra ￿ are dischargad or ca￿&118d. 1.11 Employoo ￿ne1￿￿ Tha cosl of any unused Iv)liday entittomeni is recrynised in tho pedod in which Ihe employ80'$ servlces are received. TeminaUon aro recognise(l immodi*ly as an •xpen$8 vknen thè charity 1$ (lemon8tr8bly commltted to tarminat• tho employment of an employee c* to providè temlnatK)n b￿effts. SUE RYDER PRAYER FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitabl• a¢tlvltl•s Charitable Charltabl• Income In¢om• 2023 2022 Ratr8ats Day groups Accommodation ty Tents Sundry incomé Memorial Garden donaticfi8 for produ 158.924 21,507 1,303 26,750 2,190 6,905 183,433 18,133 9,874 26,282 8.284 217,579 231,431 Analysls by lund Unrestricted lund$ Restri(#ed funds 210,674 225,986 5,445 217,579 231,431 Investm•nts Unrostrlct•d Unmtrl¢tsd funds fun(ts 2023 2022 Intsrest reGelvablo 11 niJ4G)!IC.-XJ2oIT44 N) h> SUE RYDER PRAYER FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Nong of the Trustees, lor any per¥on$ eonn8ctsd wlth th￿n) recelved any remuneration or bongfits from th charity duriNJ I￿ year. Employe•$ Th& avewe monthly number of employees durfrvj the yèar was.. 2023 Number 2022 Number Employment costs 2023 2022 gas 8rKI saLqri68 115,273 97.987 There WOT8 no employ86s whose ￿Ual remunoraiion was mcfe than £80,c￿. galnsl{1038•51 on inv•8lm•nts UnreBtrlct•d Unrnstrtctod funds funds 2023 2022 Gainl{lossl on salg of invastments 9.218 6,479 Taxatlon The charity 18 exwnpt from tax ￿ income and gains falllng wlthin Section 505 of the TaxesAct 1988 or section 252 of th8 Taxafion of Charoeablo Gains Act 1992 to th9 Oxtgnt that thes0 arg appli•d to its charitablo obi'acts. 13. SUE RYDER PRAYER FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Tanglble fixed Fr*P￿d lond Vln¢ Hou•9 and bulldlno• Cost At 1 Januwy 2023 Aihjitions 2,344.304 25.450 44,858 2,369,754 44. At 31 December 2023 2,344,304 70,1C6 2,414,410 Dopreciation and Impairm•nt Depreciabon charged in tho yoar 1.402 1,402 At 31 De¢￿b￿r 2023 1,402 Carrylng amount At 31 Decembw 2023 2.344.304 68,704 2,413.01 At 31 Decwnbor 2022 2,344,304 25,450 2,￿9,754 11 Flx•d a$sat Inwstm•nts CCLA Investmgrt fund Cost or valuatlon At 1 Januwy 2023 Valuation ¢haTrJes 82,494 9,218 At 31 Decembar 2023 91,712 Impalrmwrt At 1 January 2023 Disposals 13.oc At 31 Decwnbor 2(Y23 13.000 Carrying amount At 31 Dewbgr 2023 78,712 At 31 Decembw 2￿22 82.494 14. SUE RYDER PRAYER FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 D•btors 2023 2022 Amounts falllng due T*lthln one yoar. Other dobtors 13 Creditors: amounts falling due wlthln one year 2023 2022 ACen￿lS and daf8rf8d income 25.917 28,984 14 Analysls of not assets I￿tWeen funds Unrn8trlcted Restslcted funds funds 2023 2023 Total Unrestricted Restrl¢ted fund$ funds 2022 2022 Totsl 2023 2022 Fund bg18nces at 31 Decernter 2023 arg represented by.. Tangible assets Investments CLxrent as$gts1(liabilifjes) 2,344,305 78,712 I8,￿1> 88.703 2.413,¢))8 2,344,304 78,712 82,494 621 11,4131 25,4SO 2,369,754 82,494 10,479 2.418,118 7e,22S 2,492,341 2.425,385 3S.929 2,461,314 abov8 r•stricted ¢urr8nt assetsl liatilities are raprèsènted by thè Wy Ryder momori￿ Garden account cash balance 01 £2,522 and a restricle