Docu$n Envelope ID".A92B8C4A-C4D949WAF6F.347DeF584E14 SIGNIFIG copy THE RETREAT ASSOCIATION REFERENCE AND ADMINISI'RATIVE DF,TAIIS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Trustees- Noininated by Founding members Rev. Cameron Butland Mrs.Su.%an Chastney Rev Tim Mountain (resigned la March 20231 Mr Michael 0'14alloran (resigned 10 March 2023 Rev. Carol Smith Miss Shii'ley Taylor Rev Carol Smith resigned on 17 October 2023. Appolnted by directors MTS Sheila Pollard Ms Kathryn Turner Pmtrons Abbot Cliristopher Jamison OSB Ms Sara Maiiland Mrs Margaret Rizza Rev Graham Sparkes Dr Rowan Williams Company registration number 8385106 Charity registratlon number 1150792 Registered oftfice 23 Greenhill Park. Barnet, Herls EN5 1 HQ Conthct details - Telephone Email address Internet address 01494 569056 info@rttreais.orts uk iTrTrvw.retreats.org.uk Executive Dlreetor Olee administrator Miss Alison MacTier Mrs Clare Lake Independent examiners Griffin Stone Moscrop & Co, Chartered Accountants 21-27 Lamb's Conduit Streer. London WCIN 3GS Bankers Barclays Bank ple 4 Sycamore Road Amersham HP6 4DT Griffin Stone Moscrop & Co
Docusign Envelope ID.. A92BBC4C4D9495S.AFeF_34706F84EI4 THE RETREAT ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEvfEMBER 2023 The trustees present their unnual repon (ogether with the accounts of the charity for the year ended 30 September 2023 which are also prepared to mcct the requirement5 f(Trr a directors, report and accounts for Companies Act purposes. The accounts eon)ply wilh the Charities Act 2011. the Coinpanies Act 20n6. the Memorai)duiii and Arti¢le% of Association, dnd Accounting and Reporting by Charities.. Statement of Recommended Practice applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019. Objutives and activiti& The main tsbject of the charity is to advance religion by promoiing the development of Christian life through retreats. The main activities of The Retreat Association have continued to Et.. I¥oducing Ttsources to enable people find out more about retreats, including.. infom)ation pCkS nd leaflets: the publication each December of Retreals- a journal listitjg over 150 retreat Iiouses and their programmes and a range tsf articles and book Feviews reLating to a specific theme. Offering individual, appmpriate and excellent imp2rtial advice to general enquirers about reireats and spsritual direction. Maint2ining a website as a souice of informdtion and signposting for both the fir%t time enquirer and those with experience of the Association. Maintaining national linkE with local practitioners who can help people tofind someone with whom io she their spititual journey- a spiritual director or menior. Seeking Wilys to reach out to those from both within and outside Ihe Church. to enable them io find way.% of exploring and deepening their relationship with God. Facilitating a national training conference every two year.% to enable those involved in spiritual direction iraining io exchange good practice and expertise. Organising a national conference every ihree years for members. retreai house wardens, leadeis. SPiTitual directors, practiiioners in the field and interested parties to encouTage hnd inspire all those engaged in Christian spiritiiality. Promoting the annual Quiet Day. Liaising with retreat Centres, churches, cathedrals and educational establishments to display the Retreat Association icon and offer quiet dBys and events that offer opportunities for prayer and reflection. Pionioting the value of retreats and reflective artivities through the national Christian press. social media and attendance at national events. Engaging in partnerships with other organisations to help promote the value of retreats. spiritual direction and reflective activitics. Supporting members of all Retreat Association Founding metnber groups through an annual newsletter and news bulletin and providing additional membership and adminisiraiive services. Participation in national ecumenical activitie.% (The Retreat Association is a body in associaiion with Churches Together in Britain & Ireland- CTBII. In producing their assessment of the benefit to thc publi¢ provided by the chaTity the trustees confim] that they have complied wEth the duty in Section 4 of the Charities Act 2006 to have due iegard to the Charity Comtni%sion's general guidance on public benefit. To do this the Founding tnember groups have chosen 10 work together as the Retreat AEEociation in order to learn from each other, to reach out more effectively to all people and to demonstrate Chn'stian unity in practice. Griffin Stone Moscrop &Co
Docusign Envelo5E ID.. A928B¢4A-C4D94956-AF6F-347D6FS84E14 Aehievements and performanee The Retreat Association has continued io develop and build on the achieveinents of previous years tlirough organising events, providing high quality re%ource.% and offering iinpartial advice to tlio.%e seeking to explore and deepen their faith journey tlirougli retreats and reflective activiiies. Ower ihe last year, we have offered iii-person and online events, strengthened our web and social media presenc organised and participaied in initiatives to support the spiritual direction InIStry. and taken time to focus on our vision and strategy. The annual Reii'eoi.¥ Iiaiidbook wa.% published in Deceniber 2(r22 and included ihe listings for over 150 retreat centres, 12 articles on the theme of 'Wisdom' and lead article by NiLk Ausiin SJ. Members of ihe Association also received an e-news bulleiin in May 2023 and an annual newslttter in August 2023. The Association held a two-day Conference in February at Woodbrooke Quaker Study Centre for 38 people involved in delivering Spiritual Direction training courses acr(>ss Ihe UK. Those gathered were invited to discuss and commeni on a draft document 'Guidance for Developing Formation Progratnrnes for Spiritual Directtsrs. which aims to sUPPOrt the training of spiritual direction. Thi5 has been written collaboratively by a team of practitioners in the field, facilitated by the Retreat Association, and WEII be published in February 2024. The Retreat A.%sociation h&% continued to develop its website in order to reach out to more people seeking retreats and spiritual direction and, with the help of generou% donors, we have recrnited a freelance Swial Media and Website Developer to support these activities. In the lasi year we have launched new pages to encourage ihose on their first retreat <ind to highlight our ietreat5 advisory 5ervi¢e. In the next year we plan to expand our online services to include a page for searching for 8 specific retreat. We are active on Social tnedia, which has helped io encourage more people to our website, raised awareness of our Work and increased the number of enquires we receive. Our websiie traffic has increased over ihe year with 5.7k page views in Sepiernbei 2022 and 8.7k in September 2023. Media coverage this year included a piece abtsut retreats in Church Time3. The Retreat A%sociation icon continues to be a woy of encouraging prayer and cOnMplation and in the last year it was on disploy at 7 retreat centres, 2 churches and 2 cathedrals across the coun. The Retreat Association sttives to be ecutnenical in its approach and celebrate5 the unique contribution that each meTnber group makes to the retreaL% mini.5try. It was wilh sadness that we learned that the Baptist Union Retreat Group (BURG) would be closing and a Service of Thanksgiving was held to mark (his eveni in Apiil 2023. BURG began in 1987 as a way of making retreats more accessible to members of the Baptist Union but its work soon extended far beyond thdt to the wider retreats ministry. It has contributed significantly to the leadership of the Retreat Associaiion over the years including a constani presence on the Board of Trustees and, on a number of occabions, the role of Chair. BURG has left a lasting legacy and we hope that mernbers will continue to stay in touch with OUT work. At the end of June ihe Association held its Summer Event llt the Royal Foundation of St Katharine. welcoming speaker Rictwd Carter tts speak on 'The Still Centre.. Searching for Peace in the tnidst of the world. This wa5 a hybrid event and attracted 35 people to the venue and 20 online and we were also joined by patron Rev Graham Sparkes who faCiLitad a Q&A session. The day also included discussion. worship and refreshments. The A550ciatlOD Continues to support the ministry of spiritual direction through offering advice in helping people find a spiriiual director and maintains a Ilsi of spiritual direction courses for regular enquirer5 who seek to train in this valuable area of mini.%try. The Association is part of the Spiritt]al Direction FoTum UK, which seeks to support and resource .spiritual directors through promoting go(xl practice and encouraging the creative development of this minÉstry. Griffin Stcne Moscrop & Co CHthlEfC4Tth1&[1rATC
Do¢uSvJn Envelope ID. A92B8C4A-C4DY.4956-AF6F-247D6F584E14
The Retreat Association conliniies to prioritise vision and straiegy and in July ilie Board of Trustees and
Executive DirectOT mei for u facilitated Away Day to focus on these ateas. The ouiwmes of this meetii)g
will help to infom our future stragY.
In summary. over the last year tlie Relre
DovJSkJn Envek>pe ID.. A92BBC4A-C4D94956.AF6F-347D6F584E14 Strneturey governance and management The coinpany w&s incorponted on l February 2013 and was registered wirh the Charity Comrni85ion on 13 FebrLiary 2013. On l April 2U13 the company took over the activities, as.%ets and liabiliiies of an unincorpork)ted charity, The Relredt Association (Charity Comniission Registered Number.. 328746). with the exceptioii of a sum of £10 so thai, for the purpose only of receiving future legacie.%, this charity retain.% ils charity registration. The company commenced operations on l April 2013. Under the Articles of A%.sociaiion there can be up to seven perbons nomiiiated by ihe Founding menibers and up to eight persons appointed by the tru%tees. The Irusiees meet four times a yeai. tn addition th¢re are two commitlees - operation.s, and fundraising & events which meet four and two Eiines a year e8Ctively. The members of the company are the sllbscribers to the Memorandum of Association. four Founding member5 (three Founding members from April 20231, up to five individuals appointed by each Founding meinbei, the appointed trustees. and such other persons as are adTnitted to membership by the trustees in accordance with the Articles. Each member h&s a liabiliiy limited to a Sum not exceeding £1. The trustees have assessed the ttjajor ri.sks to which the charity may be exposed. in particular those relating to the operations and finan of the charity. They are satisfied that systems aTe in place to tnitigate any exposure to major risks. Statement of tru5tees' responsibilities The trustees (who are also direciors of the company for the purposes of company law} ore reswnsible for preparing the trustees, annual report and accounts in accordance with applicable law and Uniied Kingdom Accounting Standards (United Ksngdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affÈirs of the charitable company as ai the balance sheet date and of the incoming resources and application of resources, including the incorne and expenditure for that year. In piepating these aceollnts, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the method5 and principles in the Charities SORP: make judgments and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subjeci to any material departure5 disclosed and explained in the accounts; and o prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue on that basi5. The trustee.E are responsible foi keeping propel accounting records which disclose with reasonable accuracy al any time the financial position of the charitable company and to enabl¢ them to ensure (hat the accountb Cotnply with the Companies Act 2006. They are also responsible forsafeguarding the assets of the company and hence for taking Teasonable slepb for the prevention and detectiotj of fraud and other irregularities. In prepating thi5 report, the trusiees have taken advantage of the small companies exemption provided by section 415A of the Companies Act 2006. Approved by the board of trustees on 8 December 2023 and signed on their behalf by.. REV CAMERON BufLAND Director Griffin Se Moscrop & Co
Do¢uSlgn Envelope IQ.. A928BC4A-C4D94958-AF6F-347D6F584E14 Independent Examiner's Report to the Trustees of The Retreat Association I repon to the charity trustees on my exatnination of the accounts of the eompany for the year ended 30 September 2023 which are set out on Pag 7 to 15. ReSpOnsbIllI]eS and basis of report As the charity trustees of the company land also its directOTS for the purposes of cofflpany law) you are r&%pon.Eible for the preparaiion of the accounts in accordance with the requiremenL% of the Companies Act 20061'the 2006 A¢t'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respecr of my exaTnitJation of your ¢ompany'% accoutjts as carried out undei Section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out n)y examination I have followed the Directions given by the Charity Commission under seciion 14515){bl of the 2011 Act. Independent examlner's statement I have completed my examinaiion. I confirm that no matters have come to my attention in connection wilh the examsnaiion giving me cause to believe that in any material respect.. accounting records were not kept in respect of the cotnpany as required by section 386 of the 2(K16 Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting reqllirerntnts of section 396 of the 2006 Act other than any requEiement Ihat the accounis give a 'true and fair view. which is not a matter eonsidered s part of an independent examination., or 4. the accounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Prac11 for accounting and reporting by charitie.s applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢public of treland (FRS 1021. I have no concerns and have come across no other matters in connection with the examination io which attention should be drawn this report in order to enable a proper understanding of the accounts to be reached. Robert Smith ACA Griffin Stone Moscrop & Co Chdrteied Accountants 21-27 Lan)b's Conduit Street London WCIN 3GS Date.. li /{/] Griffin Stone MoKrop & Co
Do¢uSiyn Envelope IO".A92BBC4A-C4D9495W6F447D6F584E14 THE RETREAT ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATIING LNCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestricted Designated Restricted funds funds funds 2023 2023 2023 Toial funds 2023 Total funds 2022 Noies Income from: Donations Charitable actiVSties'. Other income.. Bank interest VAT recovered Total income 17.567 47,799 17,567 47,799 26,481 49,300 510 1,351 67,227 510 1,351 67,227 22 852 76,655 Expenditure on: Charitable activities 4,5 69.551 12,0(X) 4,91X) 86.451 90.236 Total expenditure 69,551 12,000 4,900 86,451 90236 Net lexpenditurel income and net movement of funds for the year 12J241 (12,1)00) 14,900) (19,2241 (135811 Reconciliation of funds: Tot<il Fund5 at l October 2022 24,267 91,534 9.763 125,564 139,145 Total Funds at JO September 2023 21,943 79,534 4,863 106,340 125064 Ail activities relate to continuing OlratIons. The attached notes form part of the accounts. GrSffSn Str)ne Moscrop & Co
DttuSvJn Envtbpè ID. A92BB¢4A-C4D9495fvAF6F447D8F584E14 THE RETREAT ASSOCIATION Company RegistrAtion Number: 8385106 BALANCE SHEET AS AT 30 SEPTEMBER 2023 Notes 2023 2022 Current Assets Stocks Debtors Cash at bank and in hand 278 6.570 103,391 110,239 389 3,574 125,771 129,734 Current Ilabilities Creditor5'. amounts falling due within one year 10 3.899 4.170 Net current assets 106.340 125,564 Funds General fund Designated fund Restricted funds 21,943 24.267 91,534 9,763 125,564 4,863 106,340 The directors consider that the company is entitled to exemption from the requiremeni to have an audit under the provisions of section 477 of the Companies Act 20061.the Act") and members have noi required the company Èo obtain an audit for the year in question accordance with section 476 of the Act. The direciors acknowledge their responsibilities for ensuritjg that (he company keeps accounting records which comply wilh section 386 of Ihe Act and for preparing financial statements which give a true and fair view of the state of affairs of Ihe company as at 30 September 2023 and of its net incoming resources for the year then ended in accordance with the requirements of seciions 394 and 395 of the Act and which otherwsse comply with the requirements of the Companies Act 2006 relating to the financial stat¢rnents so far as applicable io the company. The financial staMentS have been prepared sn accordance with the special provisions relating to companies subject to the small cofflpanie5 regime within Part 15 of the Cornpanies Act 21X)6. The financial statements were approved by the directors on 8 Decen]ber 2023 and signed on their behalf by.. REV. CAMERON BirrLAND Director The attached notes forni port of Ihe aceounts. Grlffin Stone Moscrop & Co
Oocuslon Envebpe ID". A92BBC4A-C409-4956-AF6F447D6F584E14 THE RE4 TREAT ASSOCIATION NOTES TOTHL ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 l. Aeeounting Policies 1.1 Basis of preparation of financial statements The fin1nClal statement% liave been prepared under Lhe historical c95t convention and in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice applicable 10 chariiieb pieparing tlieir accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019 (SORP 2015 (FRS 102)), the Financial Reponing Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and the Companies Act 21KI6. The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at histOTical cost or transaction value unless otherwise stated in the relevant accounting policy notels). The accounis include all transaciions. assets and liabilities for which ihe charity is responsible in law. 1.2 Compkny Status The company is a company limited by gllarantee. The members of the company a. The subscribers io Ihe Memorandutn of As8ociation The Founding Members (whose names are listed in nore 21 Up to five individuals appointed by each Founding Metnber The Appointed Trustees Such other persons as are admitted to membership by the trustees in accordance with the Articles. Each member has a li&bility limited to a sum not exceeding £1. 1.3 Income All income is recognised once the charity has entitlement to the income. il is probable that the incotne will b¢ received and ihe amount of income be m¢a5ur¢d reliably. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligaiion to make paytnent to a third party. it is probable that 5¢ttlemeni will be required and the aOUnt of the obligation can be measllred reliably. All expenditure is accounted for on an accruals basis. All expenses including supporL Costs and goveTnanc¢ costs are allocated to the applicable expendire headings. Support costs are cosis incurred dire¢tly in %upport of expenditure on the objects of the charity. GtsveTlldnce costs are those incurred in connection with the administration of the charity and compliance with constitutional and siaiuiory requiretnents. Griffin Stone Moscrop & Co
Docus Envelop8 ID". A92B8C4A_C4t)W4956_AF6F44706F584E14 10 THE RETREAT ASSOCIATION NOTES I'O I'HE ACCOUN'I'S FOR THE YEAR ENDED 30 SEPTEMBER 2023 1.4 Expenditure (continued) The company is registered for V AT. The direct costs of the'RetreaLs' journal excludes VAT but all other expenditure includes VAT where appropriate of which 69% is recoverabl¢. The company operates a defined contribution per.%onal pension plan for twts of its employees. Contributions are recognised as an expense in the period ID whi¢h they are paid. IS Fund accounting Unre8tricted funds aTe expendable at the discretion of (he direciors in furtherance of the objects of the company. Designated funds are those funds that have been set aside by the direciors for a patticular purpose. Restricted funds are those funds that have been donated for a particular purpose and musi be spent by ihe directors on the futtherance of that purpose. 1.6 Stocks Stocks of botsks are valued ar the lower of cosi and net reali.%able valye. 1.7 Debtors Trade and other debtors are recognised at the settlement amount after provision for doubtful debts. Prepayments and accrued income are valued at the amount prepaid. 1.8 Creditors Crediiors are recognised where the charity has a present obligation re.%ulting from a past event thai will probably resuli in a transfer of funds to a third party and the amount due to settle the obligalion can be n]easured or estimated reliably. 1.9 Financial instruments The chariiy only ha5 financial assets and financial liabilities of a kind that qualify a8 basic finaneial in.%trumenls. Basic finallci instrutnents (including debtors and creditors) are initially recognised at tronsaction value and subsequently measured at their Settlement value. 1.10 Cash at bank and In hgnd Cash at bank and in hand includes cash and cuffeni and immediate access deposit accounts. Griffin Stone M05crop & Co CH1Th¥CQy1Ef5TEREDALEuT
Docuswn Envelop610'. A02BBC4A.C4t)94956_AF6F-347D6F584E14 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR'I'HE YEI AR EI NDED 30 SEPTEMBER 2023 2. Income from donations Unrestricted tksignated funds funds 2023 2023 Restricted fuiids 2023 Total funds 2023 Total funds 2022 Contributions from Founding members.. A%.80¢iation for Prtsmoting Retreats Baptist Union Retreat Group Catholic Spirituality Network Reflect 4,650 423 2.401 1,271 8.745 7.852 924 46 17,567 4.650 423 2,401 ,271 8.745 7,852 924 46 17,567 5,600 724 3,038 1,412 10,774 7,736 7.907 Contributions from Associa members Other donation tncome tax recoverable 26,481 tn 2022 all the income related to unrestrieted fiknds. 3. Income from eharit2ble activities Unrestricted Designated funds fund5 2023 2023 Restricted fund5 2023 Total funds 2023 Total funds 2022 'Retreats' sAles and advertising Website income Conference income Training consuliaiion Sales of books and Icon income Summer event and other income 22,289 14,225 22,289 14,225 25,200 12,360 8.444 1,200 1.822 274 49JOO 6,046 2.384 2,855 47,799 6.046 2,384 2,855 47,799 For the year ended 30 September 2022 £40,856 of the income related to unrestriCd funds and £8,444 related to designaied funds. Griffln Stwe Moscrop & Co
D¢cuSvJn Envebpè ID". A92BBC4A-C4D9-49AFGF-347O6F584E14 12 THE RETREAT ASSOCIATION NOTF,S TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEFfEMBER 2023 4. Expenditure on eharitable aetivities Summary by fund type Unrestricted Designated lund.s lunds 2023 2023 Restricted funds 2023 Total funds 2023 Total 2022 'Retreats'jouinal direct Costs Bookb- and Icon Costs Conference costs Training consultation direct cost Summer event- direct costs Spiritlldl Direction Network Salaries, pensions and national insurance Other staffing Costs Publicity, adverlising and subscriptions Printing, postage, stationery and telephotte SoftwaTe. IT expens¢s and sundry equipment Website development Premibes eost8 Insurance Sundry expenses Governance costslsee note 61 8.701 1,636 700 9,401 1,636 8.915 822 16,910 1,172 4,236 2.763 4.236 2.763 300 43,734 5.200 2.775 43,318 510 4,465 1.000 43,828 8,665 3,278 4,2(Kl 2.278 2.502 I,1)00 3,502 2.932 637 364 865 477 279 1,495 69,551 1,5tK) 2.137 364 2.190 477 279 3.695 86,451 2,862 331 1,772 606 276 1,629 90,236 1,325 2.200 12,000 For the year ended 30 September 2022. £69,279 of the expenditure related to unrestricted funds. £16,910 related to designated funds and £4,047 was for rcstricied funds. Griffin Stone Moscrop & Co
Docusiyn Envelope ID.. A92BBC4A-C4D94956_AF6F_347D6F584E14 13 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEpfEMBER 2023 5. Analysls of expenditure on charitable aetlvities Direct costs Support costs Governance costs Total 2023 Total 2022 'Retreats' journal - direct costs Books and Icon costs Conference costs Training consultation- direct cost Summer event- direci costs Spiritllal Direction Network Salaries, pensions and national insurance Other staffing costs Publicily. advertising and %ubrlptIOnS Printing. po8tage, stlltionery and telephone Software. IT expenscs and sundry equipment Website development Premises costs tnsurance Sundry expenses Governance costs (see not¢ 61 9,401 1,636 9,401 1,636 8,915 822 16,910 1.172 4.236 2,763 4,2.16 2,763 300 43.734 5.200 2.775 28,502 7.585 3.022 15,326 1,080 256 43,828 8,665 3,278 2,802 71)0 3,502 2,932 1,710 364 1,423 310 427 2,137 364 2.190 477 279 3,695 86,451 2,862 331 1,772 606 276 1.629 90,236 767 167 279 3,695 3,695 63,754 19,002 6. Governanee eosts {ineluded In analysis in notes 4 and 5) Unr¢5tricted Designated fund5 funds 2023 2023 Restricted funds 2023 Totsl funds 2023 Total funds 2022 Trustee travel expenses Other meetings expenses Independent examination fee 105 521 1,669 636 1,669 123 246 1.260 1,629 1,390 1,495 uoo 3,695 For the year ended 30 Septert]ber 2022 all the expenditure ielated to unrestricted funds. During the year S (2022- 11 trustees received reimbursement of travel expenses for attending meetings amounting to £636 (2022.. £123) Griffin stone Moscrop & Co
DocuS*n En¥dow ID. A928BC4A£4D9-4G-AF6F.247rJ6F584EI4 14 THE RETREAT ASSOCIATION NOTF.S TO THE ACCOUNI'S FOR THE YEAR ENDED 30 SEPTEMBER 2023 7. Staff costs Total funds 2023 Total fund5 2022 Salaries Pension contributions 40.338 3.490 43,828 40.230 3,504 43,734 Average number of staff that served during the period - 2 (2022 - 2). The Executive DirectOT. Alison MacTier, along with the tru.%tees as a ix)dy, bui chiefly with the operdtions committee compri.5illg Michael O'Halloran (until March 2023). Sheila Pollard and Cameron Builand (from FebNary 20231 are considered the key tndnagement personnel of the chatity and the total remuneration paid in this category amounted to £35.884. 8. Stocks 2023 2022 Stocks of book5 278 389 9. Debtors 2023 2022 Trade debtors Other debtor5 Prepayments and accrued income 1.533 2,047 2,990 6,570 595 329 2,650 3,574 10. Creditors: amounts falling due within one year 2023 2022 Accruals Other creditors 1,390 2,509 3,899 1,260 2,910 4,170 Griffin Stone Moscrop & Co
Docus Envelope ID.. A92BBtt44D94956-AFSF.s47DsFSS4E14 15 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNT.S FOR THE YEAR ENDED 30 SEPTEMBER 2023 11. Statement of funds Brought forward Incoming Resources resources expended Cattied forward Restritted funds Training opportllnities Fundrai%ing 4,311 5,452 9.763 4.311 552 4,863 4.900 4,900 Designated eund Unsolicited grant 91,534 12.000 79,534 General fund Total of funds 24.267 125,564 67,227 67,227 69,551 86,451 21,943 106,340 The fund for training opportunities is to Provide grants for traiDing opportunities in spiritual direction for people who come from unorthodox backgrounds. The fund for fundraisÉng is to help ineiease funds for the charity in the fuiure to create a more sustainable income generating capacity over a period of tirne by focu5sing on a nllmber of potential sOueS of new and increased incoine. In the previous year year the chariiy received an unsolicited grant of £l(X),IX)O which the trustees have designaied for ihe following purposes: l. Tts fund core costs in running the charity 2. To outsource expertise that will help to support the ¢harity's fundraising capacity and help build a sU.%tainable future 3. To help develop and exrend existing projects 4. To help fund new projects The grant has been used thi5 financial year to cover the deficit on running the conference. The trustees plan to Spend funds on activiiies and services that the charity would be unable to develop without it. 12. Analysis of net assets between funds Unrestricted Designated funds funds 2023 2023 Restricted funds 2023 Total funds 2023 Toial funds 2022 Current assets Creditors.. arnounts falling du¢ within one year 25.842 79.534 4.863 110,239 129,734 1.3,899) 21,943 (3,8991 106,340 14,1701 125,564 79,534 4.863 13. Analysis of cash and c¥$h equivalents 2023 2022 Bank current account Cash in hand Total 103.250 135 103,391 125,704 67 125,771 Griffin Stone Mosciop & Co CK(l[sIEGBEDWQ
Docu$n Envelope ID".A92B8C4A-C4D949WAF6F.347DeF584E14 SIGNIFIG copy THE RETREAT ASSOCIATION REFERENCE AND ADMINISI'RATIVE DF,TAIIS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Trustees- Noininated by Founding members Rev. Cameron Butland Mrs.Su.%an Chastney Rev Tim Mountain (resigned la March 20231 Mr Michael 0'14alloran (resigned 10 March 2023 Rev. Carol Smith Miss Shii'ley Taylor Rev Carol Smith resigned on 17 October 2023. Appolnted by directors MTS Sheila Pollard Ms Kathryn Turner Pmtrons Abbot Cliristopher Jamison OSB Ms Sara Maiiland Mrs Margaret Rizza Rev Graham Sparkes Dr Rowan Williams Company registration number 8385106 Charity registratlon number 1150792 Registered oftfice 23 Greenhill Park. Barnet, Herls EN5 1 HQ Conthct details - Telephone Email address Internet address 01494 569056 info@rttreais.orts uk iTrTrvw.retreats.org.uk Executive Dlreetor Olee administrator Miss Alison MacTier Mrs Clare Lake Independent examiners Griffin Stone Moscrop & Co, Chartered Accountants 21-27 Lamb's Conduit Streer. London WCIN 3GS Bankers Barclays Bank ple 4 Sycamore Road Amersham HP6 4DT Griffin Stone Moscrop & Co
Docusign Envelope ID.. A92BBC4C4D9495S.AFeF_34706F84EI4 THE RETREAT ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEvfEMBER 2023 The trustees present their unnual repon (ogether with the accounts of the charity for the year ended 30 September 2023 which are also prepared to mcct the requirement5 f(Trr a directors, report and accounts for Companies Act purposes. The accounts eon)ply wilh the Charities Act 2011. the Coinpanies Act 20n6. the Memorai)duiii and Arti¢le% of Association, dnd Accounting and Reporting by Charities.. Statement of Recommended Practice applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019. Objutives and activiti& The main tsbject of the charity is to advance religion by promoiing the development of Christian life through retreats. The main activities of The Retreat Association have continued to Et.. I¥oducing Ttsources to enable people find out more about retreats, including.. infom)ation pCkS nd leaflets: the publication each December of Retreals- a journal listitjg over 150 retreat Iiouses and their programmes and a range tsf articles and book Feviews reLating to a specific theme. Offering individual, appmpriate and excellent imp2rtial advice to general enquirers about reireats and spsritual direction. Maint2ining a website as a souice of informdtion and signposting for both the fir%t time enquirer and those with experience of the Association. Maintaining national linkE with local practitioners who can help people tofind someone with whom io she their spititual journey- a spiritual director or menior. Seeking Wilys to reach out to those from both within and outside Ihe Church. to enable them io find way.% of exploring and deepening their relationship with God. Facilitating a national training conference every two year.% to enable those involved in spiritual direction iraining io exchange good practice and expertise. Organising a national conference every ihree years for members. retreai house wardens, leadeis. SPiTitual directors, practiiioners in the field and interested parties to encouTage hnd inspire all those engaged in Christian spiritiiality. Promoting the annual Quiet Day. Liaising with retreat Centres, churches, cathedrals and educational establishments to display the Retreat Association icon and offer quiet dBys and events that offer opportunities for prayer and reflection. Pionioting the value of retreats and reflective artivities through the national Christian press. social media and attendance at national events. Engaging in partnerships with other organisations to help promote the value of retreats. spiritual direction and reflective activitics. Supporting members of all Retreat Association Founding metnber groups through an annual newsletter and news bulletin and providing additional membership and adminisiraiive services. Participation in national ecumenical activitie.% (The Retreat Association is a body in associaiion with Churches Together in Britain & Ireland- CTBII. In producing their assessment of the benefit to thc publi¢ provided by the chaTity the trustees confim] that they have complied wEth the duty in Section 4 of the Charities Act 2006 to have due iegard to the Charity Comtni%sion's general guidance on public benefit. To do this the Founding tnember groups have chosen 10 work together as the Retreat AEEociation in order to learn from each other, to reach out more effectively to all people and to demonstrate Chn'stian unity in practice. Griffin Stone Moscrop &Co
Docusign Envelo5E ID.. A928B¢4A-C4D94956-AF6F-347D6FS84E14 Aehievements and performanee The Retreat Association has continued io develop and build on the achieveinents of previous years tlirough organising events, providing high quality re%ource.% and offering iinpartial advice to tlio.%e seeking to explore and deepen their faith journey tlirougli retreats and reflective activiiies. Ower ihe last year, we have offered iii-person and online events, strengthened our web and social media presenc organised and participaied in initiatives to support the spiritual direction InIStry. and taken time to focus on our vision and strategy. The annual Reii'eoi.¥ Iiaiidbook wa.% published in Deceniber 2(r22 and included ihe listings for over 150 retreat centres, 12 articles on the theme of 'Wisdom' and lead article by NiLk Ausiin SJ. Members of ihe Association also received an e-news bulleiin in May 2023 and an annual newslttter in August 2023. The Association held a two-day Conference in February at Woodbrooke Quaker Study Centre for 38 people involved in delivering Spiritual Direction training courses acr(>ss Ihe UK. Those gathered were invited to discuss and commeni on a draft document 'Guidance for Developing Formation Progratnrnes for Spiritual Directtsrs. which aims to sUPPOrt the training of spiritual direction. Thi5 has been written collaboratively by a team of practitioners in the field, facilitated by the Retreat Association, and WEII be published in February 2024. The Retreat A.%sociation h&% continued to develop its website in order to reach out to more people seeking retreats and spiritual direction and, with the help of generou% donors, we have recrnited a freelance Swial Media and Website Developer to support these activities. In the lasi year we have launched new pages to encourage ihose on their first retreat <ind to highlight our ietreat5 advisory 5ervi¢e. In the next year we plan to expand our online services to include a page for searching for 8 specific retreat. We are active on Social tnedia, which has helped io encourage more people to our website, raised awareness of our Work and increased the number of enquires we receive. Our websiie traffic has increased over ihe year with 5.7k page views in Sepiernbei 2022 and 8.7k in September 2023. Media coverage this year included a piece abtsut retreats in Church Time3. The Retreat A%sociation icon continues to be a woy of encouraging prayer and cOnMplation and in the last year it was on disploy at 7 retreat centres, 2 churches and 2 cathedrals across the coun. The Retreat Association sttives to be ecutnenical in its approach and celebrate5 the unique contribution that each meTnber group makes to the retreaL% mini.5try. It was wilh sadness that we learned that the Baptist Union Retreat Group (BURG) would be closing and a Service of Thanksgiving was held to mark (his eveni in Apiil 2023. BURG began in 1987 as a way of making retreats more accessible to members of the Baptist Union but its work soon extended far beyond thdt to the wider retreats ministry. It has contributed significantly to the leadership of the Retreat Associaiion over the years including a constani presence on the Board of Trustees and, on a number of occabions, the role of Chair. BURG has left a lasting legacy and we hope that mernbers will continue to stay in touch with OUT work. At the end of June ihe Association held its Summer Event llt the Royal Foundation of St Katharine. welcoming speaker Rictwd Carter tts speak on 'The Still Centre.. Searching for Peace in the tnidst of the world. This wa5 a hybrid event and attracted 35 people to the venue and 20 online and we were also joined by patron Rev Graham Sparkes who faCiLitad a Q&A session. The day also included discussion. worship and refreshments. The A550ciatlOD Continues to support the ministry of spiritual direction through offering advice in helping people find a spiriiual director and maintains a Ilsi of spiritual direction courses for regular enquirer5 who seek to train in this valuable area of mini.%try. The Association is part of the Spiritt]al Direction FoTum UK, which seeks to support and resource .spiritual directors through promoting go(xl practice and encouraging the creative development of this minÉstry. Griffin Stcne Moscrop & Co CHthlEfC4Tth1&[1rATC
Do¢uSvJn Envelope ID. A92B8C4A-C4DY.4956-AF6F-247D6F584E14
The Retreat Association conliniies to prioritise vision and straiegy and in July ilie Board of Trustees and
Executive DirectOT mei for u facilitated Away Day to focus on these ateas. The ouiwmes of this meetii)g
will help to infom our future stragY.
In summary. over the last year tlie Relre
DovJSkJn Envek>pe ID.. A92BBC4A-C4D94956.AF6F-347D6F584E14 Strneturey governance and management The coinpany w&s incorponted on l February 2013 and was registered wirh the Charity Comrni85ion on 13 FebrLiary 2013. On l April 2U13 the company took over the activities, as.%ets and liabiliiies of an unincorpork)ted charity, The Relredt Association (Charity Comniission Registered Number.. 328746). with the exceptioii of a sum of £10 so thai, for the purpose only of receiving future legacie.%, this charity retain.% ils charity registration. The company commenced operations on l April 2013. Under the Articles of A%.sociaiion there can be up to seven perbons nomiiiated by ihe Founding menibers and up to eight persons appointed by the tru%tees. The Irusiees meet four times a yeai. tn addition th¢re are two commitlees - operation.s, and fundraising & events which meet four and two Eiines a year e8Ctively. The members of the company are the sllbscribers to the Memorandum of Association. four Founding member5 (three Founding members from April 20231, up to five individuals appointed by each Founding meinbei, the appointed trustees. and such other persons as are adTnitted to membership by the trustees in accordance with the Articles. Each member h&s a liabiliiy limited to a Sum not exceeding £1. The trustees have assessed the ttjajor ri.sks to which the charity may be exposed. in particular those relating to the operations and finan of the charity. They are satisfied that systems aTe in place to tnitigate any exposure to major risks. Statement of tru5tees' responsibilities The trustees (who are also direciors of the company for the purposes of company law} ore reswnsible for preparing the trustees, annual report and accounts in accordance with applicable law and Uniied Kingdom Accounting Standards (United Ksngdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affÈirs of the charitable company as ai the balance sheet date and of the incoming resources and application of resources, including the incorne and expenditure for that year. In piepating these aceollnts, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the method5 and principles in the Charities SORP: make judgments and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subjeci to any material departure5 disclosed and explained in the accounts; and o prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue on that basi5. The trustee.E are responsible foi keeping propel accounting records which disclose with reasonable accuracy al any time the financial position of the charitable company and to enabl¢ them to ensure (hat the accountb Cotnply with the Companies Act 2006. They are also responsible forsafeguarding the assets of the company and hence for taking Teasonable slepb for the prevention and detectiotj of fraud and other irregularities. In prepating thi5 report, the trusiees have taken advantage of the small companies exemption provided by section 415A of the Companies Act 2006. Approved by the board of trustees on 8 December 2023 and signed on their behalf by.. REV CAMERON BufLAND Director Griffin Se Moscrop & Co
Do¢uSlgn Envelope IQ.. A928BC4A-C4D94958-AF6F-347D6F584E14 Independent Examiner's Report to the Trustees of The Retreat Association I repon to the charity trustees on my exatnination of the accounts of the eompany for the year ended 30 September 2023 which are set out on Pag 7 to 15. ReSpOnsbIllI]eS and basis of report As the charity trustees of the company land also its directOTS for the purposes of cofflpany law) you are r&%pon.Eible for the preparaiion of the accounts in accordance with the requiremenL% of the Companies Act 20061'the 2006 A¢t'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respecr of my exaTnitJation of your ¢ompany'% accoutjts as carried out undei Section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out n)y examination I have followed the Directions given by the Charity Commission under seciion 14515){bl of the 2011 Act. Independent examlner's statement I have completed my examinaiion. I confirm that no matters have come to my attention in connection wilh the examsnaiion giving me cause to believe that in any material respect.. accounting records were not kept in respect of the cotnpany as required by section 386 of the 2(K16 Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting reqllirerntnts of section 396 of the 2006 Act other than any requEiement Ihat the accounis give a 'true and fair view. which is not a matter eonsidered s part of an independent examination., or 4. the accounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Prac11 for accounting and reporting by charitie.s applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢public of treland (FRS 1021. I have no concerns and have come across no other matters in connection with the examination io which attention should be drawn this report in order to enable a proper understanding of the accounts to be reached. Robert Smith ACA Griffin Stone Moscrop & Co Chdrteied Accountants 21-27 Lan)b's Conduit Street London WCIN 3GS Date.. li /{/] Griffin Stone MoKrop & Co
Do¢uSiyn Envelope IO".A92BBC4A-C4D9495W6F447D6F584E14 THE RETREAT ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATIING LNCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestricted Designated Restricted funds funds funds 2023 2023 2023 Toial funds 2023 Total funds 2022 Noies Income from: Donations Charitable actiVSties'. Other income.. Bank interest VAT recovered Total income 17.567 47,799 17,567 47,799 26,481 49,300 510 1,351 67,227 510 1,351 67,227 22 852 76,655 Expenditure on: Charitable activities 4,5 69.551 12,0(X) 4,91X) 86.451 90.236 Total expenditure 69,551 12,000 4,900 86,451 90236 Net lexpenditurel income and net movement of funds for the year 12J241 (12,1)00) 14,900) (19,2241 (135811 Reconciliation of funds: Tot<il Fund5 at l October 2022 24,267 91,534 9.763 125,564 139,145 Total Funds at JO September 2023 21,943 79,534 4,863 106,340 125064 Ail activities relate to continuing OlratIons. The attached notes form part of the accounts. GrSffSn Str)ne Moscrop & Co
DttuSvJn Envtbpè ID. A92BB¢4A-C4D9495fvAF6F447D8F584E14 THE RETREAT ASSOCIATION Company RegistrAtion Number: 8385106 BALANCE SHEET AS AT 30 SEPTEMBER 2023 Notes 2023 2022 Current Assets Stocks Debtors Cash at bank and in hand 278 6.570 103,391 110,239 389 3,574 125,771 129,734 Current Ilabilities Creditor5'. amounts falling due within one year 10 3.899 4.170 Net current assets 106.340 125,564 Funds General fund Designated fund Restricted funds 21,943 24.267 91,534 9,763 125,564 4,863 106,340 The directors consider that the company is entitled to exemption from the requiremeni to have an audit under the provisions of section 477 of the Companies Act 20061.the Act") and members have noi required the company Èo obtain an audit for the year in question accordance with section 476 of the Act. The direciors acknowledge their responsibilities for ensuritjg that (he company keeps accounting records which comply wilh section 386 of Ihe Act and for preparing financial statements which give a true and fair view of the state of affairs of Ihe company as at 30 September 2023 and of its net incoming resources for the year then ended in accordance with the requirements of seciions 394 and 395 of the Act and which otherwsse comply with the requirements of the Companies Act 2006 relating to the financial stat¢rnents so far as applicable io the company. The financial staMentS have been prepared sn accordance with the special provisions relating to companies subject to the small cofflpanie5 regime within Part 15 of the Cornpanies Act 21X)6. The financial statements were approved by the directors on 8 Decen]ber 2023 and signed on their behalf by.. REV. CAMERON BirrLAND Director The attached notes forni port of Ihe aceounts. Grlffin Stone Moscrop & Co
Oocuslon Envebpe ID". A92BBC4A-C409-4956-AF6F447D6F584E14 THE RE4 TREAT ASSOCIATION NOTES TOTHL ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 l. Aeeounting Policies 1.1 Basis of preparation of financial statements The fin1nClal statement% liave been prepared under Lhe historical c95t convention and in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice applicable 10 chariiieb pieparing tlieir accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019 (SORP 2015 (FRS 102)), the Financial Reponing Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and the Companies Act 21KI6. The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at histOTical cost or transaction value unless otherwise stated in the relevant accounting policy notels). The accounis include all transaciions. assets and liabilities for which ihe charity is responsible in law. 1.2 Compkny Status The company is a company limited by gllarantee. The members of the company a. The subscribers io Ihe Memorandutn of As8ociation The Founding Members (whose names are listed in nore 21 Up to five individuals appointed by each Founding Metnber The Appointed Trustees Such other persons as are admitted to membership by the trustees in accordance with the Articles. Each member has a li&bility limited to a sum not exceeding £1. 1.3 Income All income is recognised once the charity has entitlement to the income. il is probable that the incotne will b¢ received and ihe amount of income be m¢a5ur¢d reliably. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligaiion to make paytnent to a third party. it is probable that 5¢ttlemeni will be required and the aOUnt of the obligation can be measllred reliably. All expenditure is accounted for on an accruals basis. All expenses including supporL Costs and goveTnanc¢ costs are allocated to the applicable expendire headings. Support costs are cosis incurred dire¢tly in %upport of expenditure on the objects of the charity. GtsveTlldnce costs are those incurred in connection with the administration of the charity and compliance with constitutional and siaiuiory requiretnents. Griffin Stone Moscrop & Co
Docus Envelop8 ID". A92B8C4A_C4t)W4956_AF6F44706F584E14 10 THE RETREAT ASSOCIATION NOTES I'O I'HE ACCOUN'I'S FOR THE YEAR ENDED 30 SEPTEMBER 2023 1.4 Expenditure (continued) The company is registered for V AT. The direct costs of the'RetreaLs' journal excludes VAT but all other expenditure includes VAT where appropriate of which 69% is recoverabl¢. The company operates a defined contribution per.%onal pension plan for twts of its employees. Contributions are recognised as an expense in the period ID whi¢h they are paid. IS Fund accounting Unre8tricted funds aTe expendable at the discretion of (he direciors in furtherance of the objects of the company. Designated funds are those funds that have been set aside by the direciors for a patticular purpose. Restricted funds are those funds that have been donated for a particular purpose and musi be spent by ihe directors on the futtherance of that purpose. 1.6 Stocks Stocks of botsks are valued ar the lower of cosi and net reali.%able valye. 1.7 Debtors Trade and other debtors are recognised at the settlement amount after provision for doubtful debts. Prepayments and accrued income are valued at the amount prepaid. 1.8 Creditors Crediiors are recognised where the charity has a present obligation re.%ulting from a past event thai will probably resuli in a transfer of funds to a third party and the amount due to settle the obligalion can be n]easured or estimated reliably. 1.9 Financial instruments The chariiy only ha5 financial assets and financial liabilities of a kind that qualify a8 basic finaneial in.%trumenls. Basic finallci instrutnents (including debtors and creditors) are initially recognised at tronsaction value and subsequently measured at their Settlement value. 1.10 Cash at bank and In hgnd Cash at bank and in hand includes cash and cuffeni and immediate access deposit accounts. Griffin Stone M05crop & Co CH1Th¥CQy1Ef5TEREDALEuT
Docuswn Envelop610'. A02BBC4A.C4t)94956_AF6F-347D6F584E14 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR'I'HE YEI AR EI NDED 30 SEPTEMBER 2023 2. Income from donations Unrestricted tksignated funds funds 2023 2023 Restricted fuiids 2023 Total funds 2023 Total funds 2022 Contributions from Founding members.. A%.80¢iation for Prtsmoting Retreats Baptist Union Retreat Group Catholic Spirituality Network Reflect 4,650 423 2.401 1,271 8.745 7.852 924 46 17,567 4.650 423 2,401 ,271 8.745 7,852 924 46 17,567 5,600 724 3,038 1,412 10,774 7,736 7.907 Contributions from Associa members Other donation tncome tax recoverable 26,481 tn 2022 all the income related to unrestrieted fiknds. 3. Income from eharit2ble activities Unrestricted Designated funds fund5 2023 2023 Restricted fund5 2023 Total funds 2023 Total funds 2022 'Retreats' sAles and advertising Website income Conference income Training consuliaiion Sales of books and Icon income Summer event and other income 22,289 14,225 22,289 14,225 25,200 12,360 8.444 1,200 1.822 274 49JOO 6,046 2.384 2,855 47,799 6.046 2,384 2,855 47,799 For the year ended 30 September 2022 £40,856 of the income related to unrestriCd funds and £8,444 related to designaied funds. Griffln Stwe Moscrop & Co
D¢cuSvJn Envebpè ID". A92BBC4A-C4D9-49AFGF-347O6F584E14 12 THE RETREAT ASSOCIATION NOTF,S TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEFfEMBER 2023 4. Expenditure on eharitable aetivities Summary by fund type Unrestricted Designated lund.s lunds 2023 2023 Restricted funds 2023 Total funds 2023 Total 2022 'Retreats'jouinal direct Costs Bookb- and Icon Costs Conference costs Training consultation direct cost Summer event- direct costs Spiritlldl Direction Network Salaries, pensions and national insurance Other staffing Costs Publicity, adverlising and subscriptions Printing, postage, stationery and telephotte SoftwaTe. IT expens¢s and sundry equipment Website development Premibes eost8 Insurance Sundry expenses Governance costslsee note 61 8.701 1,636 700 9,401 1,636 8.915 822 16,910 1,172 4,236 2.763 4.236 2.763 300 43,734 5.200 2.775 43,318 510 4,465 1.000 43,828 8,665 3,278 4,2(Kl 2.278 2.502 I,1)00 3,502 2.932 637 364 865 477 279 1,495 69,551 1,5tK) 2.137 364 2.190 477 279 3.695 86,451 2,862 331 1,772 606 276 1,629 90,236 1,325 2.200 12,000 For the year ended 30 September 2022. £69,279 of the expenditure related to unrestricted funds. £16,910 related to designated funds and £4,047 was for rcstricied funds. Griffin Stone Moscrop & Co
Docusiyn Envelope ID.. A92BBC4A-C4D94956_AF6F_347D6F584E14 13 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEpfEMBER 2023 5. Analysls of expenditure on charitable aetlvities Direct costs Support costs Governance costs Total 2023 Total 2022 'Retreats' journal - direct costs Books and Icon costs Conference costs Training consultation- direct cost Summer event- direci costs Spiritllal Direction Network Salaries, pensions and national insurance Other staffing costs Publicily. advertising and %ubrlptIOnS Printing. po8tage, stlltionery and telephone Software. IT expenscs and sundry equipment Website development Premises costs tnsurance Sundry expenses Governance costs (see not¢ 61 9,401 1,636 9,401 1,636 8,915 822 16,910 1.172 4.236 2,763 4,2.16 2,763 300 43.734 5.200 2.775 28,502 7.585 3.022 15,326 1,080 256 43,828 8,665 3,278 2,802 71)0 3,502 2,932 1,710 364 1,423 310 427 2,137 364 2.190 477 279 3,695 86,451 2,862 331 1,772 606 276 1.629 90,236 767 167 279 3,695 3,695 63,754 19,002 6. Governanee eosts {ineluded In analysis in notes 4 and 5) Unr¢5tricted Designated fund5 funds 2023 2023 Restricted funds 2023 Totsl funds 2023 Total funds 2022 Trustee travel expenses Other meetings expenses Independent examination fee 105 521 1,669 636 1,669 123 246 1.260 1,629 1,390 1,495 uoo 3,695 For the year ended 30 Septert]ber 2022 all the expenditure ielated to unrestricted funds. During the year S (2022- 11 trustees received reimbursement of travel expenses for attending meetings amounting to £636 (2022.. £123) Griffin stone Moscrop & Co
DocuS*n En¥dow ID. A928BC4A£4D9-4G-AF6F.247rJ6F584EI4 14 THE RETREAT ASSOCIATION NOTF.S TO THE ACCOUNI'S FOR THE YEAR ENDED 30 SEPTEMBER 2023 7. Staff costs Total funds 2023 Total fund5 2022 Salaries Pension contributions 40.338 3.490 43,828 40.230 3,504 43,734 Average number of staff that served during the period - 2 (2022 - 2). The Executive DirectOT. Alison MacTier, along with the tru.%tees as a ix)dy, bui chiefly with the operdtions committee compri.5illg Michael O'Halloran (until March 2023). Sheila Pollard and Cameron Builand (from FebNary 20231 are considered the key tndnagement personnel of the chatity and the total remuneration paid in this category amounted to £35.884. 8. Stocks 2023 2022 Stocks of book5 278 389 9. Debtors 2023 2022 Trade debtors Other debtor5 Prepayments and accrued income 1.533 2,047 2,990 6,570 595 329 2,650 3,574 10. Creditors: amounts falling due within one year 2023 2022 Accruals Other creditors 1,390 2,509 3,899 1,260 2,910 4,170 Griffin Stone Moscrop & Co
Docus Envelope ID.. A92BBtt44D94956-AFSF.s47DsFSS4E14 15 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNT.S FOR THE YEAR ENDED 30 SEPTEMBER 2023 11. Statement of funds Brought forward Incoming Resources resources expended Cattied forward Restritted funds Training opportllnities Fundrai%ing 4,311 5,452 9.763 4.311 552 4,863 4.900 4,900 Designated eund Unsolicited grant 91,534 12.000 79,534 General fund Total of funds 24.267 125,564 67,227 67,227 69,551 86,451 21,943 106,340 The fund for training opportunities is to Provide grants for traiDing opportunities in spiritual direction for people who come from unorthodox backgrounds. The fund for fundraisÉng is to help ineiease funds for the charity in the fuiure to create a more sustainable income generating capacity over a period of tirne by focu5sing on a nllmber of potential sOueS of new and increased incoine. In the previous year year the chariiy received an unsolicited grant of £l(X),IX)O which the trustees have designaied for ihe following purposes: l. Tts fund core costs in running the charity 2. To outsource expertise that will help to support the ¢harity's fundraising capacity and help build a sU.%tainable future 3. To help develop and exrend existing projects 4. To help fund new projects The grant has been used thi5 financial year to cover the deficit on running the conference. The trustees plan to Spend funds on activiiies and services that the charity would be unable to develop without it. 12. Analysis of net assets between funds Unrestricted Designated funds funds 2023 2023 Restricted funds 2023 Total funds 2023 Toial funds 2022 Current assets Creditors.. arnounts falling du¢ within one year 25.842 79.534 4.863 110,239 129,734 1.3,899) 21,943 (3,8991 106,340 14,1701 125,564 79,534 4.863 13. Analysis of cash and c¥$h equivalents 2023 2022 Bank current account Cash in hand Total 103.250 135 103,391 125,704 67 125,771 Griffin Stone Mosciop & Co CK(l[sIEGBEDWQ
The Retreat Association
23 Greenhill Park, Barnet, Hertfordshire, EN5 1HQ,
Griffin Stone Moscrop & Co. 21-27 Lamb’s Conduit Street London WC1N 3GS
8[th] December 2023
Dear Sirs,
The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company’s financial statements for the year ended 30 September 2023. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.
1) Accounting exemptions
We confirm that the charitable company qualifies as small in accordance with the conditions set out in Chapter 1 of Part 15 of the Companies Act 2006.
2) Audit exemption
We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion. We confirm that the charitable company was entitled to exemption under both section 477 of the Companies Act 2006 and section 144 of the Charities Act 2011 from the requirement to have its financial statements for the financial year ended 30 September audited. We also confirm that the members have not required the charitable company to obtain an audit of its financial statements for the year in accordance with section 476 of the Companies Act 2006.
3) Financial records
We have fulfilled our responsibilities as directors, as set out in the terms of your engagement letter dated 5 December 2022, under the Companies Act 2006 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view, and for making accurate representations to you.
All the accounting records have been made available to you for the purpose of your independent examination and all the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all records and related information requested, including the minutes of all trustees’ and management meetings and correspondence with the Charity Commission.
4) Going concern
As directors we have considered the financial position of the charitable company. We believe that the charitable company’s financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company’s needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the financial statements.
5) Loans and arrangements
The charitable company has not, during the period, granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.
All transactions relating to or on behalf of any director of the charitable company, either during or since the end of the financial period, have been notified to you.
6) Related parties
Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.
We confirm that the name of the party controlling the charitable company (and, if different, of that of the ultimate controlling party) together with details of the related party relationship is adequately disclosed in the financial statements.
7) Assets and liabilities
We confirm the charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements.
We have recorded or disclosed, as appropriate, all liabilities, both actual and contingent, and have disclosed in the notes to the financial statements all guarantees that we have given to third parties.
We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.
8) Accounting estimates
The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.
9) Capital commitments
There were no material capital commitments at the year end other than as disclosed in the financial statements.
10) Legal claims
We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.
11) Subsequent events
All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. Should further material events occur we will advise you accordingly.
12) Laws and regulations
We acknowledge as directors our responsibilities to take appropriate steps to provide reasonable assurance that the charitable company has complied with laws and regulations applicable to its activities and to establish arrangements for preventing any noncompliance with laws and regulations and detecting any that occur.
We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.
13) Grants and donations
All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.
Yours faithfully
Director
On behalf of the board