2021-12-31-accounts - Minsteracres Retreat Centre

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Reference and Administrative Details
Trustees' Report	2to 12
Independent Examiner's Report	13
Statement of Financial Activities	14
Statement of Financial Activities	15
Balance Sheet	16
Statement ofCash Flows	17
Notes to the Financial Statements	18to 34

Recognised	Gains	and	Losses)
					Total	Total
		Note	Unrestricted f	Restricted f	2021f	2020f
Income and Endowments		from:
Donations and legacies		3	256,365	35,870	292,235	397,795
Charitable activities		4	131,523	4,292	135,815	54,553
Other trading activities		5	37,715	19,750	57,465	58,131
Investment income		6	11		11	115
Other income		7	14,641		14,641	21,519
Total Income			440,255	59,912	500,167	532,113
Expenditure on:
Raising funds Charitable activities		8 9	(2,644) ~501,882	~46,228	(2,644) ~548,110	(4,448) ~525, 129
Total Expenditure			~504,526	~46,228	~550,754	~529,577
Net (expenditure)/income Transfers between funds			(64,271) ~1,169	13,684 1,169	(50,587)	2,536
Net movement in funds			(65,440)	14,853	(50,587)	2,536
Reconciliation of	funds
Total funds brought	forward		498,673	232,711	731,384	728,848
Total funds carried	forward	21	433,233	247,564	680,797	731,384

Recognised	Gains	and Lo	sses)
						Total
				Unrestricted	Restricted	2020
			Note		F
Income and Endowments		from:
Donations and legacies Charitable activities				334,898 54,553	62,897	397,795 54,553
Other trading activities Investment income				39,152 115	18,979	58,131 115
Other income				21,519		21,519
Total income				450,237	81,876	532,113
Expenditure on: Raising funds Charitable activities			8 9	(4,448) ~460,321	~64,808	(4,448) ~525, 129
Total expenditure				~464,769	~64,808	~529,577
Net (expenditure)/income Transfers between funds				(14,532) ~1,160	17,068 1,160	2,536
Net movement in funds				(15,692)	18,228	2,536
Reconciliation of	funds
Total funds brought	forward			514,365	214,483	728,848
Total funds carried	forward		21

Balance She	et	as at 31 December 202	1
				2021	2020
			Note
Fixed assets
Tangible assets			16	511,846	549,356
Current assets
Stocks			17	1,350	1,350
Debtors			18	30,612	27,528
Cash at bank and	in hand			157,810	173,487
				189,772	202,365
Creditors: Amounts		falling due within one year	19	20,821	20,337
Net current assets				168,951	182,028
Net assets				880,787	731,384
Funds ofthe charity:
Restricted income funds
Restricted funds			21	247,564	232,711
Unrestricted income		funds
Unrestricted funds				433,233	498,673
Total funds			21	680,797	731,384

Statement ofCash F	l	ows for t	he Year	Ended 31	December	20	21
				Note	2021f		2020f
Cash flows from operating activities
Net cash (expenditure)/income					(50,587)		2,536
Adjustments to cash flows from non-cash			items
Depreciation					37,510		38,902
Investment income
					(13,088)		41,323
Working capital adjustments
Decrease in stocks				17			1,550
(Increase)/decrease in debtors				18	(3,084)		10,325
Increase/(decrease) in creditors				19	96		(15,509)
Increase/(decrease) in deferred		income			388		(917)
Net cash flows from operating	activities				(15,688)		36,772
Cash flows from investing activities Interest receivable and similar income							115
Net (decrease)/increase in cash		and cash equivalents			(15,677)		36,887
Cash and cash equivalents at	1	January			173,487		136,600
Cash and cash equivalents at	31 December				157810	,	173,487

estimated residual value, over their expecte	d useful economic life as follows:
Asset class	Depreciation	method	and	rate
Motor vehicles	15%straight	line
Fixtures &fittings	15%straight	line
Computer equipment Property improvements	25% straight over 20 8 50	line years straight		line

		Unrestricted
		funds	Restricted	Total	Total
		General	funds	2021	2020
Donations and	legacies;
Donations to	major appeals	29,450		29,450	47,070
Legacies			5,000	5,000
Gift aid reclaimed					1,593
Grants, including capital grants;
Government	grants	69,212		69,212	86,036
Grants from	other charities		24,870	24,870	36,060
Regular giving donations	and capital	157,703	6,000	163,703	227,036
		256,365	35,870	292,235	397,795

				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2021	2020
					F		E
Retreat	and	Youth	Centre	131,523	4,292	135,815	54,553

5 Inco	me from other tradin	g activities
		Unrestricted
				Total	Total
		General	Restricted	2021	2020
Trading	income;
Shop	income	2,997		2,997	1,540
Farm subsidy		6,989		6,989	8,457
Property rental income RHI Income		12,989 14,740	19,750	12,989 34,490	14,074 34,060
		37,715	19,750	57,465	58,131

6 investment in	co	me
			Unrestricted
			funds	Total	Total
			General	2021	2020
Interest receivable	and similar income;
Interest receivable		on bank deposits				115

7 Other	income
		Unrestricted
			Total	Total
		General	2021	2020
		F
Fees and	supplies	6,147	6,147	3,429
Insurance	proceeds	8,494	8,494	18,090
		14,641	14,641	21,519

a) Costs	ofgene	rating donations and	legacies
			Unrestricted
				Total	Total
			General	2021	2020
Good purchased		for resale	1,729	1,729	3,498
Allocated	support	costs	915	915	950
			2,644	2,644	4,448

			Unrestricted
					Total	Total
			General	Restricted	2021	2020
		Note	K
Retreat and Centre Governance	Youth costs	10	496,049 5,833	46,228	542,277 5,833	517,120 8,009
			501,882	46,228	548,110	525,129
			Activity	Activity
			undertaken directly	support costs	2021	2020
Retreat and	Youth	Centre	542,277		542,277	517,120
Governance	Costs			5,833	5,833	8,009
			542,277	5,833	548,110	525,129

Governance	cos	ts
			Unrestricted
			funds	Total	Total
			General	2021	2020
Independent	examiner fees
Examination	of	the financial statements	2,400	2,400	2,250
Other fees	paid	to examiners	1,981	1,981	2,452
Legal fees Other governance		costs	95 1,357	95 1,357	2,029 1,278
			5,833	5,833	8,009

			2021	2020
Operating	leases - other assets		4,536	6,150
Depreciation		offixed assets	37,510	36,743

13Staffcosts The aggregate payroll costs were as follows:
	2021	2020
Staff costs during the year were:
Wages and salaries	187,984	173,409
Social security costs	8,469	6,832
Pension costs	3,498	2,708
	199,951	182,949

charity during	th	e year was as follows:
				2020
				No
Administrative	staff		3		2
Management	staff		1		1
Direct charitable		staff	11		11
			15		14

14Independent examiner's	remuneration
		2021	2020
			E
Examination ofthe financial	statements	2,400	2,250
Other fees to examiners All other services		1,981	2,452

16Tangible fixed	assets
	Land and	Furniture and	Motor	Computer
	buildings F	equipment	vehicles f	equipment F	Total F.
Cost
At 1 January
2021	713,556	36,473	9,400	8600	768029
At 31 December
2021	713,556	36,473	9,400	8,600	768,029
Depreciation
At 1 January
2021	180,925	26,729	2,419	8,600	218,673
Charge for the year	33,784	2,316	1,410		37,510
At 31 December
2021	214,709	29,045	3,829	8,600	256,183
Net book value
At 31 December
2021	498,847	7,428	5,571		511,846
At 31 December
2020	532,631	9,744	6,981		549,356

2021	2020
1,350	1,350
2021	2020
3,274	1,400
27,338	26,128
30,612	27,528

			2021	2020
			K
Trade creditors			5,320	3,896
Other taxation and Other creditors		social security	3,188	3,784 88
Pension	scheme creditor		1,675	532
Accruals Deferred	income		4,813 5,825	6,600 5,437
			20,821	20,337
			2021	2020
			f,
Deferred income at 1 January 2021 Resources deferred in the period Amounts released from previous periods			5,437 5,825 5,437)	6,354 5,337 6,254
Deferred	income at year end		5,825	5,437

21 Funds
							Balance at
			Balance at				31
			1 January	Incoming	Resources		December
			2021	resources f	expended	Transfers	2021 f.
Unrestricted
General
General funds			495,016	438,235	(503,626)	(49)	429,576
Designated
200 Club			300	2,020	(900)	(1,120)	300
Bursary Fund			3,065				3,065
General Outreach		Fund	292 3,657	2,020	~900	~1,120)	292 3,657
Total Unrestricted			498,673	440,255	~504,526	(1,169)	433,233
Restricted
Gateshead Church
Enterprises Fund			32,510	19,750	(684)		51,576
Minsteracres
Development Fund			9,340	5,000		1,120	15,460
Dutch Passionists
Solidarity Fund			981	11,470	(12,500)	49
Sacred Heart Sister			25,529	7,960	(15,729)		17,760
Changing Lives			770				770
Old Laundry			117,291		(5,053)		112,238
The Passionists	Province
ofStJoseph - Green
Community			21,770		(7,373)		14,397
The All Churches		Trust	12,000				12,000
Co-op Local Community Fund			4,586	13,400			17,986
Cross and Passion Sisters			7,934	2,332	~4,889		5,377
Total restricted			232,711	59,912	~46,228	1,169	247,564
Total funds			731,384	5D0,167	~550,754		680,797

Notes to the Financi 202i	al Stateme	nts for th	e Year En	ded 31 De	cember
					Balance at
	Balance at 1 January 2020	incoming resources	Resources expended	Transfers	31 December 2020
				K	E
Unrestricted funds
General General funds	510,708	450,237	(464,769)	(1,160)	495,016
Designated 200 Club	300				300
Bursary Fund General Outreach Fund	194 292			2,871	3,065 292
Strategic Development	2,871
Total unrestricted funds	3,657 514,365	460,237	~464,769	~1,160	3,657 498673,
Restricted
Gateshead Church Enterprises. Fund	13,531	18,979			32,510
Minsteracres Development Fund	17,335	21	(8,016)		9,340
Dutch Passionists Solidarity Fund Sacred Heart Sister Changing Lives Old Laundry	6,635 6,217 770 123,447	11,056 20,004	(16,710) (6,156)	(692)	981 25,529 770 117,291
The Passionists Province
ofStJoseph -Green Community The AII Churches Trust	20,168 12,000	20,00Q	(18,398)		21,770 12,000
Co-op Local Community Fund	4,586				4,586
Cross and Passion Sisters	2,934	5,000			7,934
Drive Fund	6„860	6,816	(15,528)	1,852
Total restricted funds	214,483	81,876	~64,808	1,160	232,711
Total funds	728848	532,113

22 Analysis ofnet assets betw	een funds	een funds
	Unrestricted
	General f	Designated F	Restricted	Total funds
Tangible fixed assets	399,608		112,238	511,846
Net current assets/(liabilities)	29,968	3,657	135,326	168,951
Total net assets	429,576	3,657	247,564	680,797
	Unrestricted
				Total funds
				at 31
				December
	General	Designated	Restricted	2020f
Tangible fixed assets	432,065		117,291	549,356
Net current assets/(liabilities)	62,951	3,657	115,420	182,028
Total net assets	495,016	3,657	232,711	731,384

23Analysis ofn	et funds
				At 31
		At 1 January	Financing	December
		2021	cash flows	2021
		K
Cash at bank and	in hand	173,487	15,677	157,810
Net funds		173,487	15,677	157,810
				At 31
		At 1 January	Financing	December
		2020	cash flows	2020
Cash at bank and	in hand	136,600	36,887	173,487
Net funds		136,600	36,887	173,487