2022-12-31-accounts - Minsteracres Retreat Centre

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Reference and Administrative Details
Trustees' Report	2 to 11
Independent Examiner's Report	12
Statement of Financial Activities	13
Statement of Financial Activities	14
Balance Sheet	15
Statement ofCash Flows	16
Notes to the Financial Statements	17to 34

Recognised	Gains	and	Losses)
					Total	Total
		Note	Unrestricted E	Restricted F	2022f	2021
Income and Endowments		from:
Donations and legacies		3	184,745	206,662	391,407	292,235
Charitable activities		4	254,525	5,543	260,068	135,815
Other trading activities		5	42,800	20,484	63,284	57,465
Investment income		6	353		353	11
Other income		7	3,891		3,891	14,641
Total Income			486,314	232,689	719,003	500,167
Expenditure on:
Raising funds Charitable activities		8 S	(5,090) ~591,992	~23,477	(5,090) ~61546S	(2,644) ~548,110
Total Expenditure			~597,082)	(23,477)	(620,559)	~550,754)
Net (expenditure)/income Transfers between funds			(110,768) 224,898	209,212 ~224,898	98,444	(50,587)
Net movement in funds			114,130	(15,686)	98,444	(50,587)
Reconciliation of	funds
Total funds brought	forward		433,233	247,564	680,797.	731,384
Total funds carried	fonNard	20	547,363	231,878	779,241	680,797

Recognised	Gains	and Lo	sses)
						Total
				Unrestricted	Restricted	2021
			Note	F	K	E
Income and Endowments		from:
Donations and legacies				256,365	35,870	292,235
Charitable activities				131,523	4,292	135,815
Other trading activities				37,715	19,750	57,465
Investment income				11		11
Other income				14,641		14,641
Total income				440,255	59,912	500,167
Expenditure on:
Raising funds Charitable activities			8 9	(2,644) ~501,882	~46,228)	(2,644) ~548, 110
Total expenditure				~(504,526	~46,228)	~(550,754
Net (expenditure)/income Transfers between funds				(64,271) ~1,169)	13,684 1,169	(50,587)
Net movement in funds				(65,440)	14,853	(50,587)
Reconciliation of	funds
Total funds brought	forward			498,673	232,711	731,384
Total funds carried	forward		20	433,233	247,564	680,797

Balance Sheet	as at 31 December 202	2
			2022	2021
		Note		E
Fixed assets
Tangible assets		16	737,016	511,846
Current assets
Stocks		17	3,466	1,350
Debtors		18	34,697	30,612
Cash at bank and in hand			39,364	157,810
			77,527	189,772
Creditors."Amounts	falling due within one year	19	35,302	20,821
Net current assets			42,225	168,951
Net assets			779,241	680,797
Funds ofthe charity:
Restricted income funds
Restricted funds		20	231,878	247,564
Unrestricted income	funds
Unrestricted funds			547,363	433,233
Total funds		20	779,241	680,797

Statement ofCash	Flows for t	he Year	Ended 31	December	2022
			Note	2022f	2021
Cash flows from operating	activities
Net cash income/(expenditure)				98,444	(50,587)
Adjustments to cash flows	from noncash	items
Depreciation				37,289	37,510
Investment income				(353)	(11)
				135,380	(13,088)
Working capital adjustments
Increase in stocks			17	(2,116)
Increase in debtors			18	(4,085)	(3,084)
Increase in creditors			19	10,116	96
Increase in deferred income				4,365	388
Net cash flows from operating	activities			143,660	(15,688)
Cash flows from investing	activities
Interest receivable and similar income			6	353
Purchase oftangible fixed assets			16	262,459
Net decrease in cash and cash equivalents				(1 "I8,446)	(15,677)
Cash and cash equivalents at 1 January				157,810	173,487
Cash and cash equivalents at 31 December				39,364	157,810

estimated residual value, over their expect	ed useful economic life as follows:
Asset class	Depreciation	method	and	rate
Motor vehicles	15%straight	line
Fixtures 8 Equipment	15%straight	line
Computer equipment	25% straight	line
Land & Buildings	over 20 8 50	years straight		line

			Unrestricted
			funds	Restricted	Total
			General	funds	2022
Donations and		legacies;
Donations			24,639	9,662	34,301
Grants,	including capital grants;
Government		grants	2,667		2,667
Grants	from	other charities		197,000	197,000
Regular	giving	and capital donations	157,439		157,439
			184,745	206,662	391,407
			Unrestricted
			funds	Restricted	Total
			General f	funds E	2021f
Donations and		legacies;
Donations			29,450		29,450
Legacies				5,000	5,000
Grants,	including capital grants;
Government		grants	69,212		69,212
Grants	from	other charities		24,870	24,870
Regular	giving	and capital donations	157,703	6,000	163,703
			256,365	35,870	292,235

Unrestricted
funds	Restricted	Total
General f	funds	2022
254,525	5,543	260,068
Unrestricted
funds	Restricted	Total
General	funds	2021
E	K	f.
131,523	4,292	135,815

			Unrestricted
			funds	Restricted	Total
			General	funds	2022
			E	E	E
Trading	income;
Shop	income		7,220		7,220
Farm subsidy		and 200 club	8,924		8,924
Property	rental	income	12,197		12,197
RHI Income			14,459	20,484	34,943
			42,800	20,484	63,284
			Unrestricted
			funds	Restricted	Total
			General	funds	2021
			E	E	E
Trading	income;
Shop	income		2,997		2,997
Farm subsidy		and 200 club	6,989		6,989
Property	rental	income	12,989		12,989
RHI Income			14,740	19,750	34,490
			37,715	19,750	57,465

6 Investment in	co	me
			Unrestricted
			funds	Total
			General	2022
			E	E
Interest receivable	and similar income;
Interest receivable		on bank deposits	353		353
			353		353
			Unrestricted
			funds	Total
			General	2021
			E	E
Interest receivable	and similar income;
Interest receivable		on bank deposits

			Unrestricted
					Total	Total
			General	Restricted	2022	2021
		Note				K
Retreat and	Youth
Centre			581,914	23,477	605,391	542,277
Governance	costs	10	10,078		10,078	5,833
			591,992	23,477	615,469	548,110
			Activity	Activity
			undertaken	support
			directly	costs	2022	2021
Retreat and	Youth	Centre	605,391		605,391	542,277
Governance	Costs			10,078	10,078	5,833
			605,391	10,078	615,469	548,110

Governance	cos	ts
			Unrestricted
			funds	Total	Total
			General	2022	2021
			E	F	f,
Independent	examiner fees
Examination	of	the financial statements	2,640	2,640	2,400
Other fees	paid	to examiners	2,846	2,846	1,981
Legal fees			2,388	2,388	95
Other governance Allocated support		costs costs	2,204 2,348	2,204 2,348	1,357 915
			12,426	12,426	6,748

11 Net incoming/outgoing	11 Net incoming/outgoing
Net incoming/(outgoing)	resources for the year include:
		2022	2021
			E
Operating leases - other	assets	4,393	4,536
Depreciation offixed assets		37,289	37,510

13Staffcosts The aggregate payroll costs were as follows:
	2022	2021
		F
Staff costs during the year were:
Wages and salaries	240,063	187,984
Social security costs	12,884	8,469
Pension costs	7,069	3,498
	260,016	199,951

charity during	th	e year was as follows:
			2022		2021
			No		No
Administrative	staff			3		3
Management	staff			1		1
Direct charitable		staff		10		11
				14		15

14Independent examiner's	remuneration
		2022 F	2021f
Examination ofthe financial	statements	2,640	2,400
Other fees to examiners
AII other services		2,846	1,981

16Tangible fixed	assets
	Land and	Furniture and	Motor	Computer
	buildings E	equipment f	vehicles f	equipment E	Total E
Cost
At 1 January
2022	713,556	36,472	9,400	8,600	768,028
Additions	262,459				262,459
At 31 December
2022	976,015	36,472	9,400	8,600	1,030,487
Depreciation
At 1 January
2022	214,709	29,044	3,829	8,600	256,182
Charge for the
year	33,784	2,095	1,410		37,289
At 31 December
2022	248,493	31,139	5,239	8,600	293,471
Net book value
At 31 December
2022	727,522	5,333	4,161		737,016
At 31 December
2021	498,847	7,428	5,571		511,846

2022	2021
	K
3,466	1,350
2022	2021
4,263	3,274
30,434	27,338
34,697	30,612

19Cred	itors: amo	unts falling d	ue within one year
				2D22	2021
				E	f.
Trade creditors				14,141	5,320
Other taxation and		social security		4,268	3,188
Pension	scheme creditor			1,221	1,675
Accruals				5,482	4,813
Deferred	income			10,190	5,825
				35,302	20,821
				2D22	2021
					E
Deferred	income at 1 January 2022			5,825	5,437
Resources deferred		in the period		10,190	5,825
Amounts	released	from previous	periods	5,825	5,437
Deferred	income at year end			'l0,190	5,825

20 Funds
							Balance at
			Balance at				31
			1January	Incoming	Resources		December
			2022	resources	expended	Transfers	2022
			K
Unrestricted funds
General
General funds			429,576	484,224	(596,502)	225,878	543,176
Designated
200 Club			300	1,870	(580)	(980)	6'I0
Bursary Fund			3,065				3,065
General Outreach		Fund	292	220			512
			3,657	2,090	(580)	(980)	4,187
Total unrestricted		funds	433,233	486,314	(597,082)	224,898	547,363
Restricted funds
Gateshead Church
Enterprises Fund			51,576	20,484	(3,588)	(28,878)	39,594
Minsteracres
Development Fund			15,460	2,672		980	19,112
Sacred Heart Sister			17,760	11,533	(10,856)		18,437
Changing Lives			770				770
Old Laundry			112,238		(5,053)		107,185
The Passionists	Province
ofStJoseph - Green
Community			14,397				14,397
The All Churches		Trust	12,000				12,000
Co-op Local Community
Fund			17,986	1,000			18,986
Cross and Passion
Sisters			5,377		(3,980)		1,397
The Passionists	Province
ofStJoseph				183,000		(183,000)
Youth Centre Roof				14,000		(14,000)
Total restricted funds			247,564	232,689	~(23,477	(224,898)	231,878
Total funds			680,797	719,003	~(620,559	-	779,241

Notes to the 2022		Financi	al Stateme	nts for th	e Year En	ded 31 De	cember
							Balance at
			Balance at				31
			1January	Incoming	Resources		December
			2021	resources	expended	Transfers	2021
					F	F	F.
Unrestricted funds
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 Total unrestricted		Fund funds	292 3,657 498,673	2,020 440,255	~900) ~504,526	~1,120 ~1,169	292 3,657 433,233
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)
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 funds			232,711	59,912	~46,226	1,169	247,564
Total funds							680,797

21 Analysis ofnet assets betwe	en funds	en funds
	Unrestricted
	General	Designated f	Restricted K	Total funds f
Tangible fixed assets	629,831		107,185	737,016
Net current assets/(liabilities}	(86,655)	4,187	124,693	42,225
Total net assets	543,176	4,187	231,878	779,241
	Unrestricted
				Total funds
				at 31
				December
	General f	Designated f.	Restricted f	2021 f.
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

22 Analysis ofnet funds
			At 31
	At 1 January	Financing	December
	2022	cash flows	2022
		F
Cash at bank and in hand	157,810	(118,446)	39,364
Net funds	157,810	118,446	39,364
			At 31
	At 1 January	Financing	December
	2021	cash flows	2021
Cash at bank and in hand	173,487	15,677	157,810
Net funds	173,487	(15,677	157,810