Docusign Envelope ID". A2448F30-859B4F17-98Afv510461DC0087 STGf,JING CO&.Y THE RETREAT ASSOCIATION REFERENCE AND ADMINISTRATIVE DETAILS OFTHÉ CHARITY, ITS TRUS]tES AND ADVISORS FOR THE YEAR ELYDED 30 SEvfEMBER 2024 Trustees - Nominated by Founding members Rev. Cameron Butland Mrs Susan Chastney Mr Urs Mattmann (appointed 20 September 2024) Rev. Carol Smith (resigned 17 octo1r 2023) Miss Shirley Taylor Appointed by directors Mrs Sheila Pollard M5 Kathryn Turner Mr Richard Broughton (appointed 4 June 2024) Rev Martin Davies (appointed 8 December 2023) Patrons Abbot Chrisiopber Jamison OSB Ms Sara Maitland Mrs Margaret Rizza Rev Graham Spkes Dr Rowan Williams Company registration number 8385106 Charity registration number 1150792 Registered Office 23 Greenhill Park, Barnet, Herts EN5 IHQ Contact details - Telephone Email address Internet address 01494 S656 into@ retre(Il.%.oro uk" www.retreats.org.uk Executive Director Office administrator Miss Alison MacTier Mrs Clare Lake Independent examiners Griffin Stone Moscrop & Co, Chartered Accountants 21-27 Lamb'5 Conduit Street, London WC I N 3GS Bankers Barclays Bank plc 4 Sycamore Road Amersham HP6 4DT Gsf.1&Co nnc. Moscrop & Co 100 YEARS
Docusign Envelope ID.. A2448F3fv859B4F17_98A6_510461 DC0087 THE RETREAT ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR E4lYDED 30 SEPTEMBER 2024 The trusfres pr&8ent their annual report together with the accounts of the charity for the year ended 30 September 2024 which are also prepared to meet the requirements for a directors, report and accounts for Compallies Act purposes. The account8 comply with the Charitie8 Act 2011, the Cotnpanies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities,. Staternent of Recommended Practice applicable to charitie8 preparing their accounts in accordance with the Financial Repottiog Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019. Objectives and activities The main object of the charity 18 to advance religion by promoting the development of Christian life through retreats. The n]ain tivitieS of The Retreat Assooiation have continued to be,, Producing resources to enable people to find out more about retreats, including: information packs and leaflets. the publication each December of Relreats- a journal listing over 150 retreat houses and their programmes and a range of articles and book reviews relating to a specific theme. Offering individual, appropTiate and excellent impartial advice to general enquirers about Tetreats and spiritual direction. Maintaining a website as a source of informqÉ tion and signposting for both the first-time enquirer and those with experience of the Association. Maintaining national links with dioceses and other organisations who can help people to find someone with whom to stlare their spiritual journey - a spiritual director or.mentor. Seeking ways to reach out to those ftom botb within and outside the Cburcb, to en<ible them to find ways of exploring and de¢pening their relationshLP with God. FacilitatitLg a national training conference every two years to enable those involved in spiritu< direction trciining to exchange good practice and expertise. Organising a national conference every three years for members, retreat house wardens, leaders, spiritual directors. practitioners in the field and infrr¢sted parties to encourage and inspire all those engaged in Cbristian spirituality. Promoting the annual National Quiet Day. LiaisiThg with retreat oenters. church&s, cathe4frals and educational establishments to dispEay the Retreat Association icon and offer quiet days and events that offer opportunities for pray and reflection, Promoting the value of retreats and reflective activities tlwough the national Cbristian press, social media and attendance at national events. Engaging in partnerships Wlth other organisations to help protnote the value of retreats, spiritual direction and reflective activities. Supporting members of all Retreat Association Founding member groups through an annual newsletter and news bulletin and providing additional membership and administrative services. Participation in national ecumenical activities (The Retreat Association is a body in association with Cburches Together in BriLiin & Ireland- CTBD. In producing their assessrnent of the benefit to the public provided by the charity the trustees confirnk that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the ChaTity Commission's general guidance on public benefit. To do this the Founding tnember groups have chosen to work together as the Retreat Association in order to learn from each other, to reach out mor¢ Griffin Stone Moscrop & Co CHAThEOXmL1nM&E[T8IDAuDmR5
Docuslgn Env61op6 ID.. A2448F385sB4F17-9eA6.Slo46lDC0OB7 effectively to 1<11 people and to demonstr1£ ta christi unity in practice. Achievements and perforniance The Rett'eat Association has continued to build on the achievements of previous years through providing high quality resources, organising events and offering advice. This has included a growing online and social rnedia presence to encourage and enable more people to explore and deepen their Christian faith J'QUTney through retreats and reflective activities. The Association also continues to support the ministry of Spintual Direction through events and ground-brealing resources. Tbe annual Retreats handbook was published in December 2023 and included the listings for over 150 retreat ¢entres, 12 articles on the theme of 'Hope' and lead arti¢Le by Angela Tilby. Members of the Associatioll also received an e-news bulletin in May 2024 and an annual newsletter in August 2024. The A880ciation held a one-day event on 29 February to launch the 'Guidance for Developing Forn]ation Programmes for Spiritual Directors,. This pioneering document, the culmination of 5 years. work, supports good practice in the training of spirAtual directoIs, It was written by a team of practitioners in the field, in consultation with national representatives at four events, in a process facilitated by the Association. The launch event was attended by 50 people and the feedback received was extreinely positive. The Retreat Assoeiation has continued to actively develop its website in order to Teach out to more people seeking Tetreat alld spirituaL diiection. In March of this year, the Association launched a Retreats Directory page, which enables people to search for a retreat using criteria such as location, facilities, type of retreat and cost. This is the first page of its kind and will enable individuals to find a 8Ultable retreat more easily. It will support the Association's existing individual service offered in response to email and phone enquiries. As a result of this and other website developments, traffic to the website bas an average of 11,500 monthly page views, an in¢re&se of 40% during the last year, with I 1% more visitors, The Retreat Association continue to be active on social media, which increasingly encourLges people to view the charity website. This help8 to generate tnore interest in res0CeS and events facilitated by tbe ssociatioll and also helps to support the work of retreat centres. The Association's Facebook followe has increased by 34% during the last year. Media coverage this year included a piece about retreats in Church Times. The Retreat Association icon continues to be a way of encouraging prayer and contemplatioll and in the last year it was on display aOsS the UK at 4 retreat centre8, 7 churche8 and I cathedral. It a focus for the Diocesan Spirituality Adviser's Conference in April and an onIin¢ thlk given to the Ecutnenical Forum for Christian Women in May. Consistenlly ihe icon is ihe focus for prayer, worship and engagement in a wide variety of contexts. On 28 June the Association held its Summer Event oniine with guest speaker and patron Abbot Christopher Jamison OSB, tatking about his latest publIclOn, Finding the Language of Grace. Abbot Christopher was joined by patron, Revd Gralwn Sparkes, for a Q&A session. The day also included the opportunity to discuss the theme in small groups, an update on the worlc of the Associatlon and opening and closing reflections. Feedback from the day, attended by 30 people, was very positive. The Association continues to support the ministry of spiritual direction through offering advice in helping people find a spiritual director alld maintsins a list of spiritual direction courses for regular enquirers who seelc to train in this valuable area of ministry. In sun]mary, during the last year, the Retreat Association has built on the achieven]ents of the previous year through continuing to provide high quality events and resources and ongoing encouragen)ent to support the ministries of retreats and spiritual direction. All th&qe developments are underlined by a Grlffin Stone Moscrop & Co ¢H4RTEPEDlQCWkItbNtS®tsTEREDFF
Dorusiun Envelopè ID.. A2448F30.8sg&4F17_98Ae.510461 DC0087 vision shared by Patrons, Trustees, staff, volunteers and metnbers - that of offering ways to enable people to explore and deepen their faith jouiney with God. Fin2nclal review The charity's funds divided into restricted, designated and USstriCted funds. Restricted funds can only be used for the purp08e for which they are set up as follows: To provide grants for training opportunities in Spiritual diiection for people who corne from unorihodox backgrounds. A grant of £100 was made during the year &nd there remains at the end of tkne Ye a balance of £4,211. For fundraising to help increa8e funds for the chlty in the future in order to create a more sustaillable income generating capacity over a period of time by focusing on a number of potential sources of new and increased income. £552, being the remaining balan¢¢ of the fund, was spent during the year. Three years ago, the chlty received an unsolicited grant of £IOO,000 which the ttustees have designated for the following PUTV)8es'. l. To fund Core costs in running the charity 2. To outsource expertise that will help to support the charity's fundraising capacity and help build a sustainable ftiture 3. To help develop and extend existing projects 4. To help fund new projects. The grant has been used this fjnancial year to cover expenditure amounting to £23,OIK). There remains balance to carry forward at the end of the year of £56,534. The unrestricted fund, the general fund, AS the main fllnd into which income is paid and payment Is made foi the cost of running the charity. The general fund income foi the year was £69,506 of which £21,304 was donations. 'Retreats' sales and advertising was £22,012 and website income was £18.139. Expenditure for the year was £69.318 of which £47,713 was on salaries and staff costs. The incorne exceeded expenditure for the year by £188. The balance to carry forward on the general fund at the end of the year was £22,131. Because of continuing support from contributions from Furlding and Associate members, the income irising from 'R¢treats' and the website and the balance of the unsolicited grft of £56.534 the trustee8 have a reasonable expectation that the charity has adequate resources to continue in operatsonal existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the account.s. It is the policy of the trustees to maintain a bal4Ce on general fund, if possible, which equates to three months unrestricted payments. Based on the budget for core costs for the year to 30 September 2025 the balance catried forward exceeds three months. The trustees will seek to tnanage cost8 and income in the period following the year under review with the aim of ensuring that the stated policy is maintained. Structure, governance and management The compiThy was incorporated on l February 2013 and was registered with the Charity Commission on 13 February 2013. On l April 2013 the company took over the activities, as8ets and liabilities of an unincorporated charity, The Retreat Association (Charity Commission Registered Number.. 328746), Griffin Stone Moscrop & Co CHAI[[EACc0UA&RE&$IÈIEDAuDks
Docusign Envelope ID,. A2448F3o-8s9B4F1748Sfj0461 DCOD87 witli the exception of a sum of £10 so that, for the PLtrpo8e only of ieceiving future legacies. this ChtY retains its charity registration. The company commenced operations on l Apiil 2013. Under the Articles of Association there can be up to seven persons nominated by the Founding memb& and up to eight persons appoillted by the trustees. The trustees meet four times a year. In addition there are two cojnmtttees - operations, and fundraising & events- which also meet four and two time8 a year Tespectively The members of the company are the subscribers to the Memorandum of Association, four Founding members (three Founding members from April 2023) up to five individuals appointed by each Founding member, the appointed trustees, and such other persons as admitted to membership by the trustees in accordance witb tlle Articles. Each member has a liability limited to a sum not exceeding £1. The trustees have asses8ed the major risks to which the charity may be exposed, in particular those relating to the operations and finaThce8 of the charity. They are satisfied that systems are in place to mitigate any exposure to major risks, Statement of trustees, responslbllitie8 The trustees (who are al80 directors of the company for the purposes of corrApany law) are responsible for pi'eparing the trustees, annual report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustee8 to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of the incoming resources and application of resources, including the inconLe and expenditure for that year. Tn preparing these accounts. the trustees are required to: o select suitable accounting policies and then apply them consistently. o observe the methods and principles in the Charities SORP. o malce judgments and estin)at¢s that are reasonable and prudent., o state whether applicithle UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and wepaTe the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue on'that basis, The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at ELny time the financial position of the charitable cornpany and to enable thern to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding tILe assets of the company and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. In preparing this reporL the trustees have taken advantage of the Small companie,s exemption provided by section 415A of the Companies Act 2006. Approved by tbe board of trustees on 6 December 2024 and signed on tILeir bellalf by.. MS SHEILA POLLARD Dllector Grlffln Stone Moscrop & Co CHARTEREDkLfouhNAhiTS&REaSTfAEDAUDifoKS
Docusign Envèlope ID.. A2448F3o459B4F17_98SlQ4el DC0087 Independent Examiner's Report to the Trustees of The Retreat Association I report to the charity trustees on my examination of the accounts of the rompany for the year ended 30 Septen]ber 2024 which are set out on pages 7 to 15. Responslbilities and basis of report As the charity trustees of the company (alld also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 A¢t'), Having satisfied myself that the accowits of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent exarnination, I report in respect of my exatnination of YO company's accounts as Caled out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under se¢tion 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confjnn that no inatter8 have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requiretnents of Section 396 of the 2006 Aot other than any requiretnent that the accounts give a 'true and fair view. wbich is not a matter considered as pait of an independent examination. or 4. the accounts have not beenprepared io accordance with the methods iThd principles of the Statement of Recommended Practice for accounting and reportingby charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applAcable ill the UK and Republic of Ireland (FRS 102). I have no concerns and have come acros5 no Oth matters in connection with the examination to which attention should be draNvn in this repoTt in order to enable a proper understanding of the accounts to be rehed. Robert Stnith ACA Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb, 8 Conduit Street London WCIN 3GS Date.. 6 Dec¢mber 2024 Grlffin Stone Moscrop & Co ¢•DcTmsAE&tsTDAITCS
Dotsuslgn Envelop& Ill: A2448F3o.859B4Fl7_98s1048l DC0087 THE RETREAT ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUIYT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Designated Restricted funds fund8 funds 2024 2024 2024 Total nds 2024 Total funds 2023 NDteB Income from: Donations Charitable activities.. Other income.. Bank interest VAT recovered Total income 21,304 45,139 21,304 45.139 17,567 47,799 1.167 1,896 69,506 1,167 1,896 69,506 510 1,351 67,227 Expenditure on; Charitable activities 69,318 23,000 652 92,970 86,451 Total expendlture 69,318 23,000 652 92,970 86051 Net (expendlture) income and net movement of funds for the year 188 (23,000) (652) (23,464) (19324) Reconciliation of funds: Total Fund6 at L October 2023 79,534 4,863 106,340 125,564 Total Funds at 30 September 2024 22,131 56,534 4211 82,876 106J40 All acttvitie5 relate to continuing operations. The attached notes forni part of the accounts. Grlffln Stone Moscrop & Co AmfRWI£COUfftF{15&PEQ5TEDAUDIToR5
Docu3ign Envelope ID.. A2448F30-859B4F17-98A&510461DC0087 THE TREAT ASSOCIATION Company Registration Number: 8385106 BALANCE SHEET AS AT 30 SEPTEMBER 2024 Notes 2024 2023 Current assets Stocks Debtors Cash at bank and in hand 386 14,522 70,592 85,500 278 6,570 103,391 110,239 Current liabili¢Èes Creditors.. amounts falling due wAthin one year io 2.624 3,899 Net current assets 82,876 106,340 Funds General fund DesigÉ]ated fund Restn'cted funds 22,131 56,534 4.211 82,876 21,943 79,534 4,863 106,340 11 The directors consider that the cothpany is entitled to exemption from the requirement to have an audit under the provision5 of section 477 of the Companies Act 2006 ("the A¢t") and members have llot required tbe company to obtain an audit for the year in question in accordance with section 476 of the Act. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a triie and fair View of the state of .rffairs of the company as at 30 September 2024 and of its net incoming resources for the year then ended in accordance with the requirements of sections 394 and 395 of the Act and WCh otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements so far as applicable to the company. The fioan¢ial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies ffgime within Part 15 of the Companies Act 2006. The financial statements were approved by the directors on 6 December 2024 and signed on their behalf by: PoLLArl MS SHEILA POLLARD Director The attached notes torm part of the accounts. Griffin Stone Moscrop &Co ¢444KEAcENTANT$BE5[EREDAuD[[oRI
Docuslgn Envelope ID: A248F38s9B4Fl7-98AsS10481DcOO87 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 l. Accounting Pollcies 1.1 Bas]s of preparation of fmancial statements The fin&ncial stateinents bave been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities '. Statemellt of RecommeDded Practice applicable to Cl7t1eS preparing their accounts in a¢cordallce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 (SOIV 2015 (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Companies Act 2006. The charity constitutes a public beneftt entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or ttan8action value unless otherwise stated in the relevant accounting policy note(s). The accounts include all transactions, assets and liabilities for which the charity is Ie8ponsible in law. 1.2 Company Sthtus The company is a company limited by guarantee. The tnembers of the company a.. The subscribers to the Memoiandum of Association The Founding Members (whose llames e listed in note 2) Up to five individuals PAppointed by each Founding Member Tbe Appointed Trustees Such other persons as are admitted to menll)ership by the trustees in accordance with the Articles. Each meber has a liability limited to a sum not exceedAng £1. 1.3 Income All income is recognised once the chaTIty has entitlement to the income, it is probable that d]e inconie WIRI be received and the amouTht of inconLe can be measured ieliably. Income tax recoverable in relation to donations received under Gift Ald is ognISed at the tin]e of the donation. IA Expenditure Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settletnent will be required and tbe amount of the obligation C£ln be measured reliabLy. All expenditure is accounfrd for on an accruals bls. All expenties including support costs and govertw]ce costs are allocated to the applicable expenditure beadings. Support costs are costs incurred directly in support of expenditure on the objects of the charity, Governance costs are those incurred in coiinection with the administration of the charity and compliance with constitutional and statutoiy requiTements. Griffin Stone M05crop & Co
Docuslgn Env8lop& IO.. A2448F30-859B4F17-98A6-5104fj1DG0087 10 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 1.4 Expenditure (contlnued) The con]pany is registered for VAT. The direct C08ts of the 'Retreat8' journal excludes VAT but all other expenditure includes VAT where appropriate of which 6610 is recoveiable. Tbe Company operates a defined contribution personal pension plan for two of its employees. Contributiolls are recognised as an expense in the period in which they are paid. 1.5 Fund aceounting Unrestricted funds are expendable at the discretion of the directors in furtherance of the objects of the company. Designated funds are those finds that have been set aside by the dtrectors for a particular purpose, Restricted funds are those funds that have been donated for a particular purpose and must be spent by the directors on the furtherance of that purpose. 1.6 Stocks Stocks of books are valued at the lower of cost and net realisable value. 1.7 Debtors Trade and other debtors aLE recognEsed at the settlement amount after pmvision for doubtful debts. Prepayments and accrued income are valued at the amount prepaid. 1.8 Creditors Creditors are recognised where the charity has a present obligation resulting frotn a past event that will probably result in a transfer of funds to a third party and tbe amount due to settle the obligation can be measured or estimated reliably. 1.9 Financial instruments The charity only htLS fInancial assets and fin<incial liabilities of a kind that qualify as basic financial instments. Basic financial instrLllnents (including debtors and creditors) are initially recognised at transaction value and subsequently measured at their settlement value. 1.10 Cash at bank and in hand Cash at bank and in hand includes cash and current and immediate access deposit accounts. Grfffln Stone Moscrop & Co CHARTERt.DACCCUITJV4TS®ISTEREDAUErfTS
Docusign Envelope ID.. 42448F30-859B.4F17.98A6-S10461DC0087 li THE RETREAT ASSOCIATION NOTES TO THE AccouNrs FOR THE YEAR ENDED 30 SEFfEMBER 2024 2. Income from donation5 Unrestricted Designated funds funds 2024 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Contributions from Founding members: Association for Promoting Retreats Baptist Ullion Retreat Group Catholic Spirituality Network Reflect 3,580 3,580 4,650 423 2,401 1,271 8,745 7,852 924 46 17,567 2,161 1,144 6,885 8,019 6.271 129 21J04 2,161 1,144 6,885 8,019 6,271 129 21,304 Contributions from Associate members Other donations Income tax recoverable In 2023 all the income related to unrestticted funds. 3. Income from charltable activities Unrestricted Designated funds funds 2024 2024 Restllcted funds 2024 Total funds 2024 Total funds 2023 'Retreats' sales and advertising Web81te income ConfeTeThce income Training consultation Sales of books and Icon income Sumtner event and other income 22,012 18,139 22,012 18.139 22,289 14,225 1.030 1,388 2,570 45,139 1,030 1,388 2,570 45,139 6,046 2,384 2,855 47,799 In 2023 all the income related to unrestricted funds. Griffin Stone M05crop & Co OIARfEREDhtY]JUNrANt5&EDAUIToRs
Docuglgn Envelope ID.. 448F3O.859B4Fl7-98Asl046fj DC0087 12 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 4. Expendlture on charitable actlvltles Summary by fund type Unrestricted Designated funds funds 2024 2024 Restricted fund8 2024 Total funds 2024 I'otal funds 2023 'Retreats' journal - direct costs Books and Icon costs Conference costs Training COllsuLtation - direct cost Sumrner event- direct costs Spiritual Direction Network Salaries, pensions and national insurance Other staffing costs Publicity, advertising and subscriptions Pnntingi Postage, stationery and telephone Software. rr expet]ses and sundry equipment Intetnet cost5 Premises cost8 Insurance Sundry expenses Governance costs (see note 6) 9,280 1,456 9,280 1,456 9,401 1,636 4,236 2,763 150 150 loo 47,713 15,6(X7 4,664 .100 47,713 4,055 1,964 43,828 8,665 3,278 11,000 2,700 552 1,034 3,0(K) 4,034 3,502 1,561 612 473 781 198 41 69,318 3,000 4,561 612 2,073 781 198 1,741 92,970 2,137 364 2,190 477 279 3,695 86,451 1,600 1,7(M) 23,000 652 For the ye&T ended 30 September 2023, £69,551 of the expendithre related to unrestricted funds, £12.000 related to designated fiinds and £4,900 was for restricted funds, Grlffln Stone Moscrop & Co cHthRTEREDI£WtrIIIWlfS&mSrr.REDff
Docuslgn Envelepe ID.. A2448F30459U-4F17-98A6410461DC0087 13 THE RETREAT ASSOCL4TION NOTES TO THE ACCOUNTS FOR TEtE YEAR ENDED 30 SEPTEMBER 2024 5. Analysis of expenditure on charitable activities Direct costs Support Governance costs costs Total 2024 Total 2023 'Retreats' journal- direct costs Books and Icon costs Conference costs Training consultation - direct ¢08t Summer event - direct costs Spiritual Direction Network SalaTies, pensions and national in8ur&nce Oth. staffing costs Publicity, advertising and subscription8 Printing. postage, stationery and telephone Software. tr expenses and sundry equipment Intemet costs Prejnises costs Insurance Sundry expenses Governance costs (See note 6) 9,280 1,456 9,280 1.456 9,401 1,636 4,236 2,763 150 loo 30,997 14,527 4,249 150 loo 47,713 15,607 4,664 16,716 1,080 415 43,828 8,665 3,278 3,227 807 4,034 3,502 4.393 612 1,348 508 168 4,561 612 2,073 781 198 1.741 92,970 2,137 364 2,190 477 279 3,695 86,451 725 273 198 1,741 1,741 70,847 20,382 6. CTovernance costs (included in analysi5 in notes 4 and 5) Unrestricted Designated funds funds 2024 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Trustee travel expenses Other meetings expenses Independent examination fee 41 214 196 1,290 1,700 255 196 1,290 1,741 636 1,669 1,390 3,695 41 For the year ended 30 September 2023, £1,495 of the expenditure related to unrestricted funds and £2,200 related to designated funds. During the year 3 (2023,. 5) trustees received reimbursement of travel expenses for attending meetings loUntIng to £255 (2023: £636) Grlffin Stone Moscrop & Ca £J¥[FAEDkLix>uNfs®IEEDAUDITORs
Docuslgn Envelope ID.. A2448F3o-859E4F17-98Alo4elcoo87 14 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 7. Staff costs Total funds 2024 Total funds 2023 Salaries Pensioll contributions 43,914 3.799 47,713 40,338 3,490 43,828 Average number of staff that served during the period - 2 (2023 - 2). The Executive Director, ALison MacTier, along with the trustees as a body. but chiefly with the operations cominittee comprising Cameron Butland, Sheild Pollard and (from September 2024) Richard BrouEhton are cot]sidered the management personnel of the charity and the total remuneration paid in this category was £39,006. 8. Stocks 2024 2023 Stocks of b(K)ks 386 278 9. Debtors 2024 2023 Trade debtors Other debtors 2025 conference costs to date Prepayments and accrued inoome 1,533 2,047 320 11,637 2,885 14,522 2,990 6A70 10. Creditors: amounts falling due wlthln one year 2024 2023 Accruals Other creditors 1,300 1,324 2,624 1,390 3,899 Griffin Stone Moscrop & Co
Docuslgn Envelope ID: P2448F30.859B4F17.98A6.610461DC0087 15 THE RETREAT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 11. Statement of funds Biought forward Incojning Resources re80urces expended Carried forward Restrficted funds Training opportullities Fundraising 4,311 552 4,863 4,211 552 652 4,211 Designated fund Unsolicited grant 79,534 23,000 56,534 General fund Total of funds 21,943 106,340 69,506 69,506 69318 92,970 22,131 82,876 The fund foi training opportunities is to provide grants for training opportunities in spiritual direction for people who Come from unorthodox backgrounds, The fund for ndraising is to help increase funds for tbe charity in the future to create a more sustainable Incon generating capacity over a period of time by focussing on a number of potential 80urces of new and increased income. In the previous year year the charity received an unsolicited grant of £l(M),000 which tbe trustees have designated for the following purposes.. l. To fund core costs in running the charity 2. To outsource expertise that will Ilelp to support the charity's fundraising capacity and help build a susLiinable future 3. To help develop and extend existing projects 4. To help fund new projects The grant ha8 been used this financial year to cover the deficit on running the conference. The trustees plan to spend funds on activities and services that the charity would be llable to d¢velop without it. 12. Analysls of net assets between funds Unrestricted Designated funds funds 2024 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Current assets Creditors.. amounts falling due within one year 24,755 56,534 4,211 85,500 110,239 (2,624) 22,131 (2,624) 82,876 (3,899) 106,340 56534 4,211 13. Analysls of cash and cash equivalents 2024 2023 Bank current account Cash in hand Total 70,472 120 70,592 103,256 135 103,391 Griffin Stone Moscrop & Co (..DcCifftjTNTS6ETwjAvEIT9Rs