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2024-06-30-accounts

Charity Number: 1161185

THE COMMUNITY OF ST ANSELM (Charitable Incorporated Organisation)

Trustees Report and Financial Statements for the year ended on 30 June 2024

Doc ID: 45f4472c582110f009891cb49852f30e0b005d84

THE COMMUNITY OF ST ANSELM

Contents

Contents

Administrative and Legal Information 2
1. Trustees Report 3
1.1. Structure, Governance & Management 3
1.2. Objectives and Activities 5
1.3. Financial Review 7
1.4. Reserves 7
1.5. Plans for Future Periods 8
1.6. Statement of Responsibilities of the Board of Trustees 8
1.7. Appointment of Independent examiner 9
Independent Examiner’s Report 10
Statement of Financial Activities 11
Balance Sheet 13
Notes to the Financial Statements 14

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THE COMMUNITY OF ST ANSELM

Administrative and Legal information

Charity Name :

The Community of St Anselm. Also known as CoSA

Charity registration number

1161185

Principal (and registered) address

Lambeth Palace Lambeth Palace Road London SE1 7JU

Trustees

Sr Marie-Christine Alice Simmonds CJ a.k.a Sr Gemma Simmonds CJ - Chair

Julian Adams (appointed April 2024) The Rt Rev’d Brother Stuart Burns OSB Rebecca Dillon (appointed April 2024) Mr Ignacio Fantaguzzi The Rev’d Canon Dr Ian Mobsby Mrs Fiona Ruttle The Rev’d Tosin Oladipo, Chaplain to the Archbishop of Canterbury The Rev’d Canon John Tattersall CBE LVO

Management

The Rev’d Canon Malcolm Rogers, Acting Prior (appointed October 2023, resigned August 2024) Sister Marie Mondesert, Sub-Prior (resigned December 2023) The Rev’d Shannon Preston, Chaplain

Independent Examiner

Kevin Fisher BA FCA CTA Kingston Burrowes Audit Ltd 308 Ewell Road Surrey KT6 7A L

Bank

Barclays Bank Plc

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THE COMMUNITY OF ST ANSELM

Trustees’ Report for the year ended 30 June 2024

The Trustees (who are also the Members of the CIO under the terms of the Charitable Incorporated Organisations (General) Regulations 2012 concerning a “foundation CIO”) are pleased to present their report with the financial statements of the charity for the period ended 30 June 2024. These accounts have been prepared according to the Charities’ Act 2011, the Statement of Recommended Practice (SORP 2019, FRS102) and Financial Reporting Standard 102 (FRS102).

1.1. STRUCTURE, GOVERNANCE & MANAGEMENT

1.1.1. Governing Document

The organisation is a Charitable Incorporated Organisation (CIO), registered on 7 April 2015 in England and Wales. The CIO was registered under a Constitution setting out that if the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. A new constitution was adopted by the Trustees on 15 March 2022 which includes a similar provision.

1.1.2. Recruitment and Appointment of the Board of Trustees

The appointment of new trustees is subject to the provisions of entrenchment set out in the Constitution and, subject to the provisions of the Constitution, the number of Trustees may range from 3 to 11.

New Trustees attend an induction meeting organised by the Chair of the Trustees and are furthermore sent copies of certain documentation and evidence according to the provisions of the Constitution to this effect.

1.1.3. Organisational Structure

The Community of St Anselm has a Board of Trustees, who normally meet a minimum of three times per year. The Trustees may furthermore make decisions by Resolution and/or organise themselves into a committee or committees with delegate powers according to the provisions of the Constitution. No committee with delegate powers was appointed in the financial year in question.

The Trustees held four meetings during the financial year (September, December, March and June) and intend to continue to hold regular meetings

Responsibility for the running of the organisation is delegated by the Board of Trustees to the Chief Executive of the CIO, a role fulfilled by the Sub-Prior following the resignation of the Dean in September 2022, from October 2023 by the Acting Prior, the Reverend Canon Maloclm Rogers, and from September 2024 by the Chaplain. They are in charge of directing, controlling and administering the CIO on a day-to-day basis. In turn, the Chief Executive leads a wider team of staff and volunteers who together ensure that the charity’s activities align with the direction set by the Board of Trustees.

The key management personnel during the past year have been the Acting Prior and the Sub-Prior. The Sub-Prior was a full time position, but the Acting Prior was appointed on a part-time basis; however, the Community has no direct employees: the Acting Prior was employed by the Archbishop of Canterbury (in his Corporate Capacity), a constituent member of

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THE COMMUNITY OF ST ANSELM

Trustees’ Report for the year ended 30 June 2024

the National Institutions of the Church of England. The Sub-Prior was seconded from the Community of Chemin Neuf. In both cases costs are recharged by the respective organisations. The reimbursements (paid or pending payment) in direct respect of stipends/salaries for key management (including National Insurance and service charges, where applicable), amounted to £49,608 (2023: £58,874 ) in the last financial year .

Affiliated Organisations

The CIO, while an independent charity, exists within the mission of the Archbishop of Canterbury (in his Corporate Capacity). The CIO shares such operational policies as are mutually applicable, especially in respect of the Health & Safety framework, Safeguarding Guidelines as well as Remuneration, Human Resources and Recruiting policies where applicable. The details of this overlap are set out in the operational Policies of the CIO.

1.1.4. Risk Management

The Board of Trustees regularly reviews the key risks facing the CIO and maintains a risk register to collate the outcomes of these discussions. If risks arise that cannot be mitigated using existing structures, then the Board of Trustees will take appropriate action to address them. Based on this, the Trustees consider the biggest risks to remain as below:

To mitigate this risk Trustees have instituted regular workload reviews for senior staff to ensure the well-being and life balance are maintained. A review of all roles and responsibilities has been conducted by Trustees. This works alongside the ongoing aspiration to shift focus of serving communities life onto its members and away from paid staff. Authority and responsibility will be delegated wherever possible within clear lines of management.

1.1.4.2. Members’ Visas or Immigration Permits

To mitigate this risk, the Trustees asked the Chief Executive annually to review the experiences of the application cycles and to put in place both robust internal systems and adequate contingency plans, recognising that the granting of visas will never be entirely controllable. This has included deepening relations with UKVI to head-off avoidable delays early.

1.1.4.3. Funding Shortfall

To mitigate this risk, the Trustees continue to monitor the level as well as fulfilment of pledged donations, and pursue opportunities with grant-making bodies and partnerships. The Trustees note with gratitude the continued support from the Lambeth Trust. Significant progress has been made in the last two years to reduce fixed costs but income levels have not kept pace with rising expenditure, which resulted in a small deficit for the year ended 30 June 2024, though the forgiveness of part of our debt by the Church Commissioners resulted in a surplus for the year ended 30 June 2023 .

The funding shortfall remains the greatest risk to the charity's continued operation and accordingly the Trustees have decided to reduce staffing levels and to run a much reduced cohort for the year ended 30 June 2025. Together with further anticipated donations, this is expected to enable the deficit on unrestricted funds to be eliminated by June 2025. However funding from the Lambeth Trust and the availability of accommodation at Lambeth Palace are dependent on

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THE COMMUNITY OF ST ANSELM

Trustees’ Report for the year ended 30 June 2024

CoSA remaining part of the Archbishop of Canterbury’s priorities and therefore, following the resignation of the Archbishop of Canterbury in january 2025, the Trustees are planning a sabbatical year for the Community during the year ending 30 June 2026 with a very significantly reduced presence at Lambeth Palace.

1.1.4.4. Safeguarding or Personal Safety Incident

To mitigate this risk, the Trustees have approved suitable policies for Safeguarding, as well as Health and Safety. The Trustees note the importance of collaboration with Lambeth Palace for a joint Health and Safety approach, and appropriate external advisors in regards to Safeguarding best practice and training. Increased training (above recommended levels) are being provided for all senior staff.

Procedures are in place to ensure compliance with Health and Safety for staff and volunteers undertaking work on behalf of The Community of St Anselm or attending The Community of St Anselm events as well as for the Community’s beneficiaries. Procedures and training are in place to ensure a standard of excellence in respect of Safeguarding. These procedures and training opportunities are periodically reviewed to ensure that they continue to meet the needs of the CIO.

1.2. OBJECTIVES AND ACTIVITIES

The Community of St Anselm’s charitable objects are:

1.2.1. To advance the Christian religion for the public benefit by the provision of Christian programmes of theological study, reflection and practical service in the wider community; mainly but not exclusively for young adults from around the world.

1.2.2. To advance in life young adults from around the world though providing support and

activities which develop their moral, spiritual and interpersonal capacities to enable them to participate in society as socially responsible individuals and agents of change for the betterment of mankind.

1.2.3. To advance the relief of poverty and suffering around the world by activities including but not limited to

Nothing in the Constitution of the CIO shall authorise an application of the property of the CIO for purposes that are not charitable in accordance with the Charities Act 2011.

In furtherance of these objects, the CIO manages and supports a residential (called Immersive) and non-residential (called Integrated) Religious Community life, the key achievements of which are detailed in 1.2.6 below.

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Trustees’ Report for the year ended 30 June 2024

In addition to ongoing initiatives, the organisation exploits shorter-term opportunities to advance our objectives as opportunities arise, such as engaging with visiting experts and dignitaries, who are visiting Lambeth Palace and accompanying and assisting the Archbishop in both active and prayerful support of his mission objectives.

In the financial year ended 30 June 2024, the CIO was served by 2 FTE from the Archbishop of Canterbury (in his Corporate Capacity) and the Community of Chemin Neuf. This was supported by the presence of two second-year members (two during the year ended 30 June 2023) and the ad-hoc support of alumni members in specific areas. In addition, the CIO continues to be served by expert teachers, application selectors and spiritual companions on a volunteer basis.

1.2.4. Special Mention

The Trustees note with special gratitude the generosity of the Community of Chemin Neuf with the skills and talents of their members towards the Community of St Anselm.

1.2.5. STATEMENT OF PUBLIC BENEFIT

When reviewing our activities, the Trustees have regard to the Charity Commission guidance on public benefit. The Trustees ensure that the activities undertaken are in line with the charitable objectives of the Community of St Anselm, and in doing so are satisfied that the Community of St Anselm’s activities meets the requirements of demonstrating public benefit .

1.2.6. ACHIEVEMENTS AND PERFORMANCE

The Community of St Anselm has now closed its ninth successful membership year. In nine years 175 members, from 33 countries across six continents, representing all major Christian denominations have experienced A Year in God’s Time.

Following the global pandemic this year has seen a return to relative normality.

The CIO has:

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THE COMMUNITY OF ST ANSELM

Trustees’ Report for the year ended 30 June 2024

for our partnerships with St. Thomas and Guy’s Chaplaincy Team and this invaluable ministry at a time of great strain on the National Health Service.

1.3. FINANCIAL REVIEW

The Charity's work is entirely reliant on grants and donations. Trustees are concerned with the level of income the charity has been able to raise in its first nine years of operation and note the precarious nature of donations from members. We were very grateful to the Church Commissioners for forgiving us the arrears of rent on accommodation for Community members at Lambeth Palace in 2023 and for granting us free accommodation until 31 December 2023. The charity will continue raising income from existing sources as well as planning to expand the sources of income in the coming years. Trustees have committed to increased engagement with fundraising in the year ahead and will review income levels at each meeting with a view to eliminating the remaining deficit on reserves. Since the year end, a generous gift of £62,496 from one of the Charity’s supporters has enabled us to repay the outstanding debt to the Church Commissioners.

Total income for the period ended 30 June 2024 was £180,008 (2023:£226,154 ) that included grants amounting to £146,000 (2023: £201,031). Unrestricted income of £177,997 (2023: £176,852) comprised 99% (2023: 78%) of total income.

The Community spent £188,378 (2023: £175,761) during the year including £3,109 (2023: £49,530) from the restricted fund. It resulted in an Unrestricted general reserve deficit balance of £49,914 (2023: 42,642) and restricted fund reserve £ 7,285 (2023: £8,383) at the end of the year. The net Fixed Asset value at the end of the period was £Nil (2023: £Nil).

1.4. RESERVES

The CIO has implemented an Operational Reserves Strategy with a practice of keeping circa 2-3 months of spending balance in a disposable account, to ensure both capability to execute payments as and when required, and to limit exposure of the Community’s liquid assets. The remaining disposable bank balance from time to time has been kept in a reserve account. The challenging funding situation in recent financial years meant this was no longer achievable and the deficit on unrestricted funds of £49,914 at the end of the financial year is of serious concern to Trustees. Thanks to forbearance on the part of a number of the CIO’s creditors and generous continued funding from grant making bodies there continues to be a positive balance in our bank accounts.

The Trustees are continuing to seek increased funding over the coming year as well as operating a much reduced community during the year ending 30 June 2025, and in the light of funding

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Trustees’ Report for the year ended 30 June 2024

pledges already received, including the gift of £62,496 received since the year end, regard it as appropriate for the CIO to prepare its financial statements on a going concern basis.

FUNDRAISING POLICY

The Community is wholly reliant on donations for its operations each year. Funds are raised in the following ways:

The Community does not solicit donations directly from members of the public (although it is possible to donate directly through the website), we never cold call or approach individuals for donations without prior relationship. We never sell or swap the data we hold with other charities or individuals. (A full Privacy Policy can be found on the website). As such we are not registered with the Fundraising Regulator. The Lambeth Trust which does solicit donations from members of the public on the communities behalf (but is not a professional fundraising organisation) implements strict rules to record contact with potential and current donors and protect vulnerable individuals. No complaints about our or The Lambeth Trust’s fundraising practices have been received in this financial year.

1.5. PLANS FOR FUTURE PERIODS

The 2024/25 cohort is much reduced though the pattern of life will maintain the tradition of the previous nine years. Their ‘Year in God’s Time’ will be a year of discernment for the Community. Seeing again in the last year the transformative impact of the community life on those who participate, we look ahead to the new year on the following basis:

The resignation of the Archbishop of Canterbury, the Most Rev’d and Right Hon Justin Welby, with effect from 6 January 2025, has raised questions over whether the Community will be able to continue in its present form, as the presence of the Community at Lambeth Palace will be dependent on decisions to be taken by his successor. The Trustees have determined that there will be no 2025/26 cohort but that the CIO will continue to support the Alumni network and dispersed community during that period, while preserving the capability to take on new immersive and integrated cohorts if that proves to be possible.

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THE COMMUNITY OF ST ANSELM

Trustees’ Report for the year ended 30 June 2024

1.6. STATEMENT OF RESPONSIBILITIES OF THE BOARD OF TRUSTEES

The Charity Trustees are responsible for preparing the Trustees’ Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Applicable law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources, including the income and expenditure, of the CIO for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the and the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the Constitution of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of any corporate and financial information included on the CIO’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

1.7. Appointment of Independent Examiner

Kevin Fisher of Kingston Burrowes was appointed to complete an independent examination of our annual report and accounts for the period ended 30 June 2024, meeting the requirements of the Charities Act to ensure the highest degree of confidence and transparency in respect of the state of the Community’s affairs.

Approved by the Board of Trustees on 20 March 2025 and signed on its behalf by:

Sr Marie-Christine Alice Simmonds CJ Chair and Trustee

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Independent examiner’s report to the trustees of The Community of St Anselm

I report to the charity trustees on my examination of the accounts of The Community of St Anselm (the charity) for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination;

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Kevin Fisher BA FCA CTA (Senior Statutory Auditor) For and on behalf of Kingston Burrows Audit Ltd Statutory Auditors 308 Ewell Road Surbitton Surrey, KT6 7AL

Date 24 March 2025

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THE COMMUNITY OF ST ANSELM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

Notes
Income & Endowments :
Donations and legacies
4
Investments
Total Income
Expenditure on:
Raising funds
Charitable activities
5
Total Expenditure
Net (Expenditure) / Income for
the year
Transfer between funds
Net Movement in funds
Reconciliation of funds:
Funds brought forward
Funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£
£
177,411
2,011
179,422
226,096
586
-
586
58
177,997
2,011
180,008
226,154
2,499
-
2,499
1,965
182,770
3,109
185,879
173,796
185,269
3,109
188,378
175,761
(7,272)
(1,098)
(8,370)
50,393
-
-
-
-
(7,272)
(1,098)
(8,370)
50,393
(42,642)
8,383
(34,259)
(84,652)
(49,914)
7,285
(42,629)
(34,259)

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 14 to 21 form an integral part of these accounts.

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THE COMMUNITY OF ST ANSELM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

Prior year SOFA Comparison

Income & Endowments :
Donations and legacies
Investments
Total Income
Expenditure on:
Raising funds
Charitable activities
Total Expenditure
Net Income/ (Expenditure) for
the year
Transfer between funds
Net Movement in funds
Reconciliation of funds:
Funds brought forward
Funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Total Funds
2022
£
£
£
£
176,794
49,302
226,096
237,759
58
-
58
47
176,852
49,302
226,154
237,806
1,965
-
1,965
12,785
124,266
49,530
173,796
326,258
126,231
49,530
175,761
339,043
50,621
(228)
50,393
(101,237)
(1,293)
1,293
-
-
49,328
1,065
50,393
(101,237)
(91,970)
7,318
(84,652)
16,585
(42,642)
8,383
(34,259)
(84,652)

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 14 to 21 form an integral part of these accounts.

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THE COMMUNITY OF ST ANSELM

Balance Sheet as at 30 June 2024

Notes
FIXED ASSETS
Tangible fxed assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand:
Total current assets
CREDITORS: amounts falling due
within one year
11
NET CURRENT (LIABILITIES)
NET (LIABILITIES) TOTAL
THE FUNDS OF THE CHARITY
Unrestricted Fund
12
Restricted Fund
12		 2024
2023
£
£
£
£
-
-
4,660
3,877
30,063
78,822
34,723
82,699
(77,352)
(116,958)
(42,629)
(34,259)
(42,629)
(34,259)
(49,914)
(42,642)
7,285
8,383
(42,629)
(34,259)		 2024
2023
£
£
£
£
-
-
4,660
3,877
30,063
78,822
34,723
82,699
(77,352)
(116,958)
(42,629)
(34,259)
(42,629)
(34,259)
(49,914)
(42,642)
7,285
8,383
(42,629)
(34,259)
(34,259)
(42,642)
8,383
(34,259)

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 10.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006, applicable to companies subject to the small companies regime.

Sr Marie-Christine Alice Simmonds CJ Chair and Trustee Approved by the board of trustees on 20 March 2025

The notes attached on pages 14 to 21 form an integral part of these accounts.

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Notes to the Accounts for the year ended 30 June 2024

1 Accounting policies

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019 published by the Charity Commission in England & Wales (CCEW), (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019 in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales and its governing document is a written constitution approved by the Charity Commission in England & Wales. The Governing Document is dated 07 April 2015.The Community of St Anselm meets the definition of a public benefit entity under FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Going Concern

The Trustees have carefully considered the charity's ability to continue as a going concern in the light of the significant deficit on unrestricted reserves but regard it as appropriate in the light of future funding pledges to prepare the financial statements on a going concern basis..

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer

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Notes to the Accounts for the year ended 30 June 2024

required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

All costs are directly allocated to the relevant fund and activities.

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Furniture & Fixtures 20% straight line Office & Kitchen Equipment 25% straight line

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Creditors and provision are recognised where the charity has a present obligation from a past event.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

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Notes to the Accounts for the year ended 30 June 2024

4 Donation and Legacies

Donation and Legacies
General donations
Grants from Trust and foundations
Total Donation & Legacies		 2024
Unrestricted
2024
Restricted 2024 Total 2023 Total
£
£
£
£
31,411
2,011
33,422
25,065
146,000
-
146,000
201,031
177,411
2,011
179,422
226,096

5 Charitable expenditure 5a Direct costs

Charitable expenditure
5a Direct costs
Wages and salaries
Education programme
Community Living
Bursary
Stipend cost
Community Accommodation
Application cost		 2024
Unrestricted
2024
Restricted 2024 Total 2023 Total
£
£
£
£
49,608
-
49,608
58,874
25,196
366
25,562
42,836
17,637
-
17,637
16,292
13,016
-
13,016
29,150
29,869
-
29,869
28,586
28,114
-
28,114
(28,587)
-
-
-
660
163,440
366
163,806
147,811

5b Support costs

5b Support costs
Training and welfare - staff
Travel and subsistence - staff
Rates and water charges
Telephone, Fax and Internet
Stationary and Printing
Software license
Sundry expenses
IT Support
Legal Fee
Accounting services
Bank Charges
Depreciation & amortization		 2024
Unrestricted
2024
Restricted 2024 Total 2023 Total
£
£
£
£
382
-
382
535
1,232
-
1,232
2,677
-
-
-
899
-
-
-
70
(55)
-
(55)
251
(620)
-
(620)
-
1,343
2,743
4,086
6,201
1,771
-
1,771
2,164
719
-
719
-
10,440
-
10,440
9,534
1,102
-
1,102
970
-
-
-
214
16,314
2,743
19,057
23,515

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THE COMMUNITY OF ST ANSELM

Notes to the Accounts for the year ended 30 June 2024

5c Governance costs

5c Governance costs
2024 2024
Unrestricted Restricted 2024 Total 2023 Total
£ £ £ £
Independent Examiner's fee 2,520 - 2,520 2,400
Trustees' expenses 496 - 496 70
3,016 - 3,016 2,470
Total charitable expenditure 182,770 3,109 185,879 173,796
6 Staff costs and emoluments
2024 2023
£ £
Gross salaries 49,608 58,874
Total salaries, wages & related cost 49,608 58,874
The average number of full-time equivalent staff 2 2

All staff members are seconded from connected charities and their costs being invoiced.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. The total remuneration to key management personnel amounted to 49,608 (2023: £ 58,874)

7 Trustees' remuneration and reimbursed expenses

Trustees' remuneration and reimbursed expenses
Amount reimbursed to trustee 2024
2023
£
£
-
70
-
70

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

The nature of the trustees' expenses was travel expenses.

The number of trustees to whom expenses were reimbursed was Nil (2023: 1).

8 Net (Expenditure)/Income for financial year

Net (Expenditure)/Income for fnancial year
2024 2023
This is stated after charging: £ £
Depreciation on owned fxed Assets - 214
Independent Examiners fee 2,520 2,400

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Notes to the Accounts for the year ended 30 June 2024

9
TANGIBLE FIXED ASSETS
Cost
At 1 Jul 2023
At 30 Jun 2024
Depreciation
At 1 Jul 2023
Provided during year
At 30 Jun 2024
Net book value
At 30 Jun 2024
At 30 Jun 2023
10 DEBTORS
Prepayment and accrued income
Other debtors
11 CREDITORS: amounts falling
Trade creditors
Accruals
Bank overdraft		 Offce & Kitchen
equipments
Furniture &
Fixture
Total Fixed
Assets
£
£
£
23,293
41,917
65,210
23,293
41,917
65,210
23,293
41,917
65,210
-
-
-
23,293
41,917
65,210
-
-
-
-
-
-
2024
2023
£
£
3,264
2,841
1,396
1,036
4,660
3,877
2024
2023
£
£
71,465
108,443
4,320
8,515
1,567
-
77,352
116,958		 Offce & Kitchen
equipments
Furniture &
Fixture
Total Fixed
Assets
£
£
£
23,293
41,917
65,210
23,293
41,917
65,210
23,293
41,917
65,210
-
-
-
23,293
41,917
65,210
-
-
-
-
-
-
2024
2023
£
£
3,264
2,841
1,396
1,036
4,660
3,877
2024
2023
£
£
71,465
108,443
4,320
8,515
1,567
-
77,352
116,958
4,660
3,877
2024
2023
£
£
71,465
108,443
4,320
8,515
1,567
-
77,352
116,958

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Notes to the Accounts for the year ended 30 June 2024

12 Fund Analysis

2024
Unrestricted Funds
Unrestricted revenue funds
Total unrestricted funds
Restricted Funds
Hamilton-Rees Trust
COSA - Nairobi
Total restricted Fund
Total funds
2023
Unrestricted Funds
Unrestricted revenue funds
Total unrestricted funds
Restricted Funds
McDonald Agape Foundation
Hamilton-Rees Trust
COSA Nairobi
COSA Juba
Total restricted Fund
Total funds		 Balance 01
July 2023
Income Expenditure
Funds
transfer
Balance
30 June
2024
£
£
£
£
(42,642)
177,997
(185,269)
-
(49,914)
(42,642)
177,997
(185,269)
-
(49,914)
7,050
-
(366)
-
6,684
1,333
2,011
(2,743)
-
601
8,383
2,011
(3,109)
-
7,285
(34,259)
180,008
(188,378)
-
(42,629)
Balance 01
July 2022
Income Expenditure
Funds
transfer
Balance
30 June
2023
£
£
£
£
(91,970)
176,852
(126,231)
(1,293)
(42,642)
(91,970)
176,852
(126,231)
(1,293)
(42,642)
-
45,000
(45,000)
-
-
7,200
-
(150)
-
7,050
118
4,302
(3,087)
-
1,333
-
-
(1,293)
1,293
-
7,318
49,302
(49,530)
1,293
8,383
(84,652)
226,154
(175,761)
-
(34,259)

Unrestricted and designated funds:-

Unrestricted Revenue Funds : These funds are held for meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Restricted funds :

Rees Hamilton Book Fund: A fund to support CoSA Alumni overseas (in contexts where books are difficult to access) with theological books.

COSA Nairobi : Supporting COSA members activities in Kenya.

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Notes to the Accounts for the year ended 30 June 2024

COSA Juba : Supporting sister communities in South Sudan. The Juba project was completed during 2023 and deficit funds for that project of £1,293 were transferred from unrestricted funds in 2023.

13 ANALYSIS OF NET ASSETS BY FUNDS

At 30 Jun 2024
Fixed assets
Current assets
Current liabilities
Net assets/(liabilities)
At 30 Jun 2023
Fixed assets
Current assets
Current liabilities
Net assets/(liabilities)		 Unrestricted
General
Restricted
2024 Total
£
£
£
-
-
-
27,438
7,285
34,723
(77,352)
-
(77,352)
(49,914)
7,285
(42,629)
Unrestricted
General
Restricted
2023 Total
£
£
£
-
-
-
74,316
8,383
82,699
(116,958)
-
(116,958)
(42,642)
8,383
(34,259)

The charity is under the control of its legal members.

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THE COMMUNITY OF ST ANSELM

Notes to the Accounts for the year ended 30 June 2024

16 Leasing commitments

The charity’s total future minimum lease payments under operating leases at 30 June 2024 were payable as set out below:

Within one year 2024
2023
£
£
45,000
22,500
22,500
22,500
The operating lease charges for the year were:
2024
2023
Rent £
£
45,000
22,500

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