Charty wistiatlon number. 1166162 Western Chan Fellowship CIO Annual Report and Flnanctal Statements for the Year Ended 31 December 2023 WESTCOTTS ¢MANTIIID AC¢QLIWTAWT•
W•8tem Chan Fellowship CIO Contents Iconllnued) Reference and Admlnlstr8tlv8 Detalls Tntstees, Report 2to11 Indgpendent Examlnerfs Roport 12 statsrngrrt of FlnAncial ActlMiI8S 13 Balanc4 Sheot 14 Notes to the Flnanclal 8taternents 15to28
Western Chan Fellowship CIO Reference and Administrative Dètails Chairnwi Jeremy Woo(twanl Trustees Cathedne Bums Guy Roberts Sara Ell¢Jway Atysun Jones Jeremy Wo¢thard Juliet Hackney Till Kroeber Slmon Chlld Mawano Upton Slan Thomas 8•cr8tary Maryan8 Upton Charfty Regl$trntlon Numb•r 1168182 Prlnclpal Offlce Office 7511 PO Box 694S London W1Aeus Matthew Keano ACCA Indep8rKlent examlner Westcotts Ptym House 3 Longbrldae Road Ptymouth PL8 8LT Ind•p•nd•nt Examln•r Page 1
Westsrn Chan Fellowship CIO Trustees. Report The trustees present the annual report together with the financial stat8m8nts of the chathy for the ended 310ecember 2023. Westem Chan Fellowship CIO (WCF) k8 the successor charity lo Westem Chan Fellowship (Charity Commission no. 108863n whidi was dlssoW in March 2018 following the transfer of Fts assets on 301h June 2017. There was a seamless transfer of assets at that lime so that there was no break experienced by retreatants or members who wer8 offered a free transfer of membership. 2023 was the slxlh fvll year of trading for VVCF. Historicalty, WICF arose out of 0r 20 yeaTS of retreats run by John Crook at Maenllwyd. hLs farmhouse In Mld-Wales.11 was f0ftT, at hi5 prompts'ng, In 1997 and registered as a charity in 1998 with John Crook 85 Its flrst formal TeaGher. Thereafter 14VCF took ov8r the running of such retreats and In Ils latter years also wtdened its remit by running them at other venues throughout the UK. Slmon Chlkl was appolnted a5 the GuNJinll Teacher of WCF In 2011 after the sudden death of John Crook. John Crook and Simon Chihj were th Dharma Helrs of Chan Master Sheng Yen. Slmon trained for OV8T 30 years with both John Crook aThJ Master Sheng Yen, and was the Secretary of the WCF from tts founding until 2011. ObJectlvo8 and actlvltlo• ObJ•cts and •lms Our purpo$e5 are sel out In the objects whhln our Constitution, and are: 1. to advance the educatlon of the publlc In o&neral on th8 8ubJed of the prtndples and pracilce of Buddhlsm; and 2. to adv8nc8 th8 relblon of Bldh1$M prfndpally but not excluslvely In the Unltad Klngdom for the benefft of the publlc., in each ca58 by provkjlng tralnlng In the Llnll aThJ Caodono trndrtk)ns of Chan Buddhlsm, a5 Iransmrtted through Master Sheng Yen, and dlstrlbuting maleri815 about 8uddhlsm In wrftten and other medla lo Info others 8bout BuddhL8m, and, as a supplement to such advoncement, to explore the re18tlonshlp between Chan pra¢tl¢e. Chan Iheory and other meditallve practSce$ and understandlng. In pursult of these purposes. we alm lo provhje a year-round programme of resldentlal med6tatlon retreats of v8Wng lenglh led by our teachers who are all based fimly In Ihe Chan Tradrtn. The medtt8Jon and InstThJ¢tion are drn from the Chan Buddhlsl tradition. 14Ve fj not sectsrian, but prlmarlly draw upon teachings th8t gre compatlble wlth the Chan tradition and ils focus on meditation a5 8 beneflcl81 Iransfomwllve proces5, With our treats concenlratlng on sllenl rnedltalion rather than rltuat-based or Imurglcal content. We alm to make retreats and off-stte 8dlviiies 8ccesslble to all and to prode financ1818ss15tsnce wlth the cosl of retreats for pèople on low Incornes. Page 2
Westorn Chan Fellowship CIO Trustees, Report (continued) Ensurfng our work delivets its ain.. As 8 gener81 prfnclple, each year we review the succe55es and otherwise of the preoS yea¢s programrne as we embar1( upon conpiling nexl yea¢s programme. After eackn retreat we ask retreatants to submlt retreat rewrts, and we nole comments on our wjministration, facjlitbes, the quallty of teachlng, and the types of retreat on offer. Our retreat te8ders are cenlrnl to the success of our enterprlse, so they ha regular p88r supervision soss]ons. The Practi(* Committee members prOe admce and leedback on the qualty of th8 programme and the quality of the environment offered by the cenlres we use. Trustees, 188chers and staff work closety together to ensure that our activmes are closely alned wlth our objects and that we comply with the Charlty Commlsslon's guld8nce on publlc benefflt. In 2022. &8 soon as work 8t SBF was rAJmpletad aThJ St became avallable for use, the WCF drew UP CO rtsk management guklellne5 for the retreats whlch complled wlth govemment guidellnes al the Ilme. Uplake of placA8S has been lower than expected on some retreats. Only one retreat was Cancelled due to low uptake. It L% not certaln why Interest Sn retreats h85 reduced. proposed explanollons could include.. ongolng conc8m relatlng lo cOd and other infectious Illness8S, transport dSsNpllon due lo strfkes. the cost of lIn9 crlsis and lower awareness ol WCF-CIO retreats due lo the Inablllty to offer retteats ITrVpen belween Marth 2020 and August 2022 (except for one In-peon relreal In 2021). VICF also contlnued to make actliAti8s avallable to the public in the lollowlrvJ ways.. Wè support new teachers by InNlting them to wort( olongslde experienced teachers on longor retreats. This ensure5 Ihal thern are sufficlenl leachers available to lead retreat5 and prOVe us wlth support in the longer term. Ty retreats Nn in 2023 were attended by iwo new r8lreat leaders under the guidance of of our estsblished retreat leaders. The new leade also offered a residentlal retreat, whlch unfortunatety dhd not go ahead due to stoffn damage 8t the venue. . We 5UPPQrt 14 lorAI groups throughoul Greal Briialn each of which ha5 a leader approved by the Trustees. These groups tske Chan out into thelr local community. M8ny of these aroups whlth went online durlno the pandemic have now resumed In-PeOn meetings. Onllne meetings continue to be held on Monday to Thursday eveninqs, allowing those unable to Joln in-person meetings lo conllnue to meet. . We use a vatlely of media to communlcate wth those who sIt us in order lo ensure that thelr needs are met 8rKI that durfng their stay with us they have a sense of belng well looked-8ftef. Our webslte Es gularly upjated and contalns clear information about our prl¢es and the dls¢ounled r8t8s thal we offer In order lo support those on lower incomes to attend our retat$. We use Facebook alongslde our Webs lo ensure that Informatlon about our aciivikne5 is kept up to date durfng the year. Vle also publlsh at least Iwo Newslette a year - these continued dudng 2023. Nonnolly. our Programme 15 published on our website in the autumn of the preceding year a3 well as belng clrculated a5 a paper or electronic leaflet to our mailing list to those who have opted Into such m8lllngs and, on request, lo other medliatknn centres and meditation sltting oroups In the UK. In 2023 newsletters went out In A11 and September. As is common In the Buddhlst tradition our teachers offer their servlces free of ¢h8rge. Retreatants are invited to make donatlons, known In the Buddhlst tradltlon as 'dana', to help the teachers wlth Ihelr liwng oosts and enable them to continue gin9 Ih8lr time to le8chlng. Thls helps us keep our wlces low whllst stlll belng able to offer retreats led ty experlenced lesthe. Page 3
Western Chan Fellowshlp CIO Trustees. Report (continued) Key facts." The charlty hekd eiaht residentlal group retreats of a length varylrwJ from 3 to 7 nhJhts attended by 91 Indlvlduals (108 bookings) for 48 nights. The charitys Support Fund has glven help towanls the cost of retreats of £3,840 to 15 retreatants. The charity had 75 full members ond 21 associate members on 31112123 (79 full mefflte and 21 assodate rnembe on 31112122). Fundralslng 8Ctlvltle5 We contlnue lo invite donatlons to the Support Fund (whlch provides financi81 help with retrèat costs for people on low incomes) through the opportunlly to pay a "supporting. fee for a p18ce on a retreat. Ad hoc donatlons can be made lo any of our fijnds our website, Ihrowh CAFonllne and Paypal. Donations can oLso be m8de by cash or by card at th8 end of retreats. InfoTrmation is also available on our webslie about payroll gIng and leavlng a legaw. Donors can download a Gfft decl8r8tton fM our webstte, and the charfiy contlnues to claim Glft Ald annually. Publk b•n•fft Durfng 2023 tho Charlty's act1118$ focused on several maln areas: The SBF remalns the current focus of aalvNy lor In-person retr88ts In 2023. The ch8ttty wan Iwo Suc5511 experfmental onllne retreats tOWaS Iho 8nd of 2020 tx>th structurgd to enable those laknng part to Gontlnue to work on weekdays but partake in earfy mornlna and en1j session together wtth full days of onKne medmatlon. talks and dlsGU5slons etther 6nd of the workln9 week. These online retreats contlnued the chatity's offerfng of at least two personal Int&ewS durfn9 the relrnat which all pBrUclpants find lo be a supportl**P and unlque part of our off8rlnos. There were no onllne retreats In 2023 but an online cout5e 01 4 weekly sésslons Introduclng Buddhtsm arKI Chan to newD)rners was developed and delIred wlth Sucss. It Is Intended that th15 coutse will becom8 a regular offerlng once or hvice a year. The truste85 confiim that they hfjve complled wKh the requirements of section 17 of th8 Charltles Act 2011 to have due reg8rd to the publlc benefft guljance published by the Charity Commlsslon for England and Wales. Page 4
Western Chan Followship CIO Trustees, Report (conllnued) WCF Groups The chaiity supports 14 loe41 groups throuohout Great Britain. To ensure that th8 charity cntinUeS to abkde by ts obj'ects and stay true to the Chan lineage, eath Is18d by an approved 188der. Each group Leader has a peOnal mentor drawn from our retreat leaders. To develop and support thi5 85ped of the charity, a Leaders, Retreat is run annually which comblnes tralnlng wlth support and Sangha {community> develowent. In order to ensure future leaders bolh for groups and the charity, potential group leade are a150 in¥tted to such retreats to start th8 proc£ss of under5tandlng the possibililies within th8 charity for both their pernonal development ond Ihe rol8s on offer for COMthed ¥dunteers. A Leade, Retreat was hell In 2023. In addlb'on. some Group5 organlse Day Retreats for thelr memb8rs and the wkler communlty. These are advertised in our Newsletters and on the charflls web sfle. In 2023, some were held onllne, whh opportunities to meet in person belng taken when posslble. Local Groups are an kntegrnl part of the charws offedng for the publlc benefflt AS 8 resum of whkh their local assets are reflected In the charlts accounts. Publlcatlons The Charity publlshes 8 regular loumal, New Chan Forum, twlL a year and h89 contlnued to do thls In 2023. Thls Is edlied voluntarlly by a memLr and Is dlstrfbuted wlthoul charge to membgrs, our groups throughout the UK and varfous amled Buddhlsl organlsatlons In th8 UK and elsewhere. 11 also avallable on subscflptlon to non-members ond Is avallable for fr8e download from the publlc pagés of our web311e. The charfty also has publlshed. 8nd kè8ps In prfnt, Iwo Introdudory booklets on Buddhlsrn for Westerners and Medllallon wrftten by Its fomier aThl present Guldlng Teo¢her5 re5pectlvely. These are dlstdbuted free of charge through 115 r6trn8ts and groups as a resour¢g for Ihern and the public. U•a of volunts8r• Th8 Charity has stayed close to tts grassroots and L8 SUPPOrted throughout the year by the dedlrated work of 8 communlty of volunteers Wttht whose help and dedlcatlon thè charmy would cease to fun(in. These Include (In no particular ordef) retreat leaders, guest rnastets, edor of New Chan Fornrn, group leader5 and organisers of weekend retreats throughout Great Brflaln, tr8nscrfbers of retreat talk5 which are then published In New Chan Fowm, cooks, coordlnator 50 that there are tralned cooks at retre81 WheVer it is hekj, admin staff who run and malntaln the webslte and booklng system arKI the lifts coordinator on whom retreatants rely to enable them to atrAss our retreats. The tru5toes a very apweclatlva and grateful for all th81r unstlntlng conlrfbullons 10 tIi8 Work of the charity. Pag8 5
Western Chan Fellowship CIO Trustees. Report (continued) Qener41 Data Protecti¢)n Rogulation (GDPR) Because w9 hav6 no physlcal centre or offioe. our web stte is our prlmary Interfac8 wilh the publi t1 for Infonnation on our 8cllvltles and for those wantlng to attend our retreats. Behind this is comprehenslve database Includlng all Ihose wtto have been In contact wilh the charity, or tts predecessor WCF. Sin 1998. VVhil6 the charfty has been aware of Data Protection arKI complted with its requlrements, GDPR put data protection on a new footing which placed much more onus on Data Controllers. whlch the charity is. After su¢¢essfully Implement1r GDPR proe4durps Sn 2017. these ho conllnued lo bè adhered to in 2023. Rlsk manag8rnent There are pollcles Sn place to aulde baders in the avoldance and management of risk so that rntreatants and other users of the charty are prolecaed. Safvguardlng The charlty. and Ms preder£ssor WCF. have aayS taken thé safeguardino of relrealants and others who come Into contac* wtth the charfty S8flousty and hava ha¢J pollci6s In this regarnl in place for many yearyJ. However, the Charlty Comnlsslon's r8Gent emphasls on thls concern has been noted. In 2018 the charity appointed, from amongst the trustees, a dedlcated Safeguardlng Officer. A suite of policies wa5 Put in pla¢e In 2019. Pollcles were In the process of belng substantlally updated In 2023 with the process belng Mpleted earfy In 2024. Further k was dechjed In 2019 that all local Group Leaders shoulj have a bgslc D8S certmlcate. The cost would be bome by the CIO. Through the efforts of the Safeguardlng Offlexr, by Ihe end of 2019 all Group Lgaders had a current DBS certlflcale. Thls has now been ext8nded to all cooks afKI all gueslmasters who help rnn our retreats. DBS checks are updated as requlred. D•v•loplng and updotlng our sult• of polici•s In addition to new GDPR-relaled Saleguardino pollctes, 811 pollcles were updated and revlsed In 2019, when the trustees embathed on a fvll revlew. The most recent conwrehensive rtsvl8w of 811 policies w8S Started in late 2023 and is expeGted to be completed In 2024. Some of the pollcies are av8llable on our website. Page e
Westem Chan Fellowship CIO Trustees, Report (contlnued) Financial reviow The accounts are showin9 a surplus at the end of 2023. Thls esents the conlinued commitment from Westem Chan Fellowship CIO to proiAde high qualty treats at 8 reasonable cost to our visitors. Efforts continue to be made lo keep our cost base as low as posslble whllst looking ahead to the development of the strategic direction of the chariiy. The ch8rity made 8 sulUS of£9,259 compared wlth last year's d8ficit of £7,853. In 2023 WICF published a full calendar of 019, compared to 2022 where In-person retreats onty started again in July. Both retreat income and expen595 have increased, reflectino the full year of actlvtty recorded for 2023. The hb3her bOOn9 levels also were a factor in the Increase of donations to the Support Fund. where partlcipants pakl the hh3her Supporting Fee for thelr retreats. Additlon81ty, 2023 income benefrted from a generous donOn In Janu8ry', by fvrKls being p8KJ Inlo the main accourrt from one of the l¢xal QfOUf6 which was Ceaslng aclivities. and by hlgher Interest rates. Adrnin15tralive expenses ha Increased In Ilne wtth a fvll ygar of activlty. Pollcy on rnservos The chaTftls unallocated reseTrp 6natAes it to continue operatlng In the event of a major decline in Sncome due to unforeseen clrcum51ances or emergencie5. The remainlng unallocated balance is transferred to the DeSnated Equlpment and Property Assets Reserve lo facililate the long-teFm plan of tyIng arKI equlpplng a retreat ¢entr8. Bank accounts The charily continues to operate an ethical banklng pollcy, by banklng wlth the Co-oporatfv Bank, Chariiies Aid Foundation Bank. Triod05 8ank and Charily Bank. Each account has a balance below the level set by the govarnrnent guaranteed Financial seCes Compensatlon Scheme. On 31st December 2023 the charY had £253,043 (£238,573 at 31112r22) distrabuted betweèn these Independent banks. Plans for fulurn porfods l•laintalnlng fftlanclal stabHIty •ndrn*our¢lng ourhrturnplans Our pollcy L8 to keep Costs as low as posslble. The prfdng pollcy Is lo ensure our prlces ore compelmlve and promde lower-cost optlons to people whose flnances s restrlcled. Our pd structu is based on a stsndard prtce per nlght. Discounts a offered on all retreats and target groups such as under-35s who may not be 8t a stage of thelr Ilfe to afford fully prfced retreats. In 2018. the booking process was adjusted to faclllt8te Ihls. and thts conllnues wlih success. As part of tts diversity pollcy Ihe chartty wLshes to contlnue to make retreats approprlatety prSc8d to encourage access to the progrnmme for all people. It was deckled In 2023 that retreat prtces woukl not be increased for 2024 to support relreatants durlng the cost-of-llng crlsls. The charfty contlnues lo operale Sts Supwrt Fund. The fvnd, supported by donatlons, prOdeS ftnanclal help with retreat costs for people on low Incom8s. Page 7
Western Chan Fellowship CIO Tru8te68' Report (continu•d) 8truclure, governance and management hlature of govemlng document Westem Chan Fellowship CIO is a Charit8b18 Incorporated Organi5ation and was regtstered as such wkth the Charity Commlsslon on 22nd March 2016. The CIO was 8Stablishod under a constltution based largely on the Standard Constitution for a 'Charitable Incorporated tganIsatIc+n wlth votlng memb8rs other than its trustees. draftèd by the Charity Commission whith establishes the objects, power5 and govemance of the CIO. Soffle of the amendments and additions made relate to the Appolntment, Removal and RespOnsIbAleS of a Gubjlng T8ach8r. Racrullm•nt and •ppolntmwrt oltrusteas All trustees gfv thelr time as trustees voluntarily and, save as noted in the Accounts, r8cèiv8 no beneffts from the charmy. E4)enses are red8imed by some, this is also noted in the accounts. Bec4use il is important for trusteès of VCF lo h8ve an understandlng of and sympathy wtth the work of the charity, all trustees 8r8 required. by Its eonstmutlon. to be membern of WCF. Thls requlres them to have attended at le8St three WCF retreats and, once a member. continue attending such retreats and Pf8Ctlslno Buddhism. Attendance on retreats over 8 number of years Ls an 8ffecliv8 Introdudion to the work of the ch8rfty. All new trust88s ar8 8CC8S$ to pre¥ious Trustee Me8tlng mlnut8S ond encouraged to seek earty clarlficatlon from èxlstlng trustees of any Issues they are not sure ab)ul. Organlsatlonal stnKture Under Ms constliutlon the CIO can have up to ten trustoes. At the start of the ar there We elght Irustees. Slan Thomas was appointed Irusl8e by the Guiding Teacher in Mah 2023. and Jane Upton wa5 coopled in July 2023. Three trus16es retired In July 2023.. Jullet Hackngy, Guy Roberts and Sara Elloway. Also, at the AGM AIyBun Jones wa5 re-81ected as trustee. The olhgr Iruslees In posl durfng 2023 were Aun Jones {SafegUalng), Simon Child (Guiding Teacher), Jeremy Woodwar(I (Chalr), Till Keber and Catherine Bums (Tr88surer) Making seven trustees In total after the AGM. The trustees met slx tlmes Sn 2023 to manage tho charity. All meetlngs orKurred vla Zoom. Microsoft Team5 Is used for committee communieAtions. The AGM was hybrld and was held in June 2023. In 8ddtilon to the chatity's Commercial Empioyars 8nd Publlc Liability Insurance, there was, as In preouS years, a qUalIfn9 Third-Party Indemnlty Pollcy In place for the trustees throuohoul Ihe year. A Practice Commlttee, conslstlng of the relre8t leaders who regularly lead retreats for the charity and have a p8rticul8r experlence in supporting the oharit¥s objectives. are consulied on matters of pradice, and otganlse and ad the retreat programme of the ch8rlty. These teache are unpaid but may receive donations from people who atterKI the charlty's retreats. Day-tfrday responsibilty for operations 15 carried out by the ollkets who 8rp eleixed from amongst the trustees or, in the case of the Guiding Teacher, Serves as an ex-offioo trnstee. This woth is 8150 can?ed out voluntarily. Page 8
Westem Chan Fellowship CIO Trustees. Report (contlnued) Rolatlonshlps wlth relatsd parties Related parties Any related party interests are declared by trustees. In 2023 a sp8clfic related interest contlnued from 2019. It was declared in 2019 and is onooing. In 2018 Simon Child, a CIO trustee and the charity's Gukllng Teacher. and his wife bought entirely from their own resources Shawbottom Fami, Upper Hulrne, Leek, Staffs ST13 8UQ C'SBF,) wlih the intention of Converting part of it into a retreat centre. He declared Ihis related interest to hls fellow trustees in eady course. In July 2019 planning permlsslon was oLrtalned for such a change of use and the converslon works Involved. Since Juty 2019 the trustees have hehj meetings, WhoUl Slmon Chlkl belng present, and agreed to enter into negoall0n$ to hire SBF froffl him as the m81n relreot centre of the CIO. Afler costlng the polentiol level of nwJhtly charge, a range of potentl81 ChaeS was mooted. Then a profession81 valuatlon relating to Ihose chaffJes w85 obtalned and a d8ity hSre charo8 8nd other terms of hire, based on the StarKlal Tem)s ol Hlre whlch are Intended lo be used for the hlre of SBF to other parties than WCF. has been agreed In prfn¢lple. Following Covid-relaied and other delay5, the bulkjlw worts were completed In 2022. Inltlally a serles of Interim 8-month agreements were then entered Into. In 2023, the lOnle agreement was flnallsed. Save for cooklng for th8 char6ty and matters In relatlon to SBF set out above, none of our trustees receive remuneration or other benefils from thelr wot* wlth the chartty other th8n the relmbutsement of expenses. There was no connecllon between any Iwstee with any suppller of QOC#Js or seCeS to the charity. WO h8s contlnued In 2023 to ensure th81 811 Trustees are awarg of the Charity Commission guhjance and definmlon of related party Interests and the need to de¢lar8 any Interest eiiher at the start of a meetlno or when an eM becomes r6levAnt to make a declarallon. Depending on the iiem appropate actlon is then tskèn r8g8rOlrvJ that tt8m and Ihe tnJstee'5 inNDl¥ement In ¢onnecllon therewlth. Wlder network The charity has links wfth a wlde nelwork of Buddhist and medllation oro8nlsatlons throughout the UK. Via its webslle. the charity also faGilitales networftlng befvieen ils med6t8tlon groups throughout the UK. It is a member of both the Network of 8uddhlst Organisatknns {N80) and the European 8uddhlst UnM)n (E8Uy. 11 takes an active part In both Ihese organlsations. The charlty operates within the wider Chan tradttlon and maintalns Ilnks wmh other slmllar oraanisalK)ns In Europe, the USA arKI Taiwan. Page 9
Western Chan Fellowship CIO Trustees. Report (contlnued) Change of tho CIO'S prlmary retreat Vonue As a resu of the negotiations on SBF and the start ofthé convetslon woths, th8 trustees, agaln kn the absgn¢e of Simon Chikl. rnade the declslon not to renew the hire agement for Maenlw vthich expked on 30th September 2020. The pos5ession5 of the CIO at Maen1bw1. detalls of whl¢h had been agreed with the Owners of maen1, w8r8 transferred from M8enllwyd to SBF on 19120 S8ptember 2020. ThL8 change becan flnal on 3(Ih Septernb9r 2020. A tr8ining event for WCF 18adeTr 'Polntlno Out th8 Gr8at Waf was the ft(st ont at SBF held In October 2021, at whlch an openlng cerefflony took plac, Wort wa5 complètpd at SBF in Summer 2022 8nd R opened for relre8ts on 16th Juty 2022. Eigm In-person ietreats and one onllne coursa were held durlng 2023. Pag8 10
Western Chan Fellowshlp CIO Tru8tee8' Report (continued) Statement of Trustees. Responsibilitles The trustees are responsible for pparing the trustees, report and the fjnand81 statements In accordance with the United Kingdom Accounting Standards (United lfjngdom Generalty Accepted Accounting Practice) and 8pplicable law and regulations. The law 8ppllcable to chatltles requlres the tru51ees to prepar8 fin8ficS8l statements for each finandal year wnl¢h fjl a Ifue and falr eW of the slate of affalrs of the charity and of the incoming re50ufGes and appllc4tlon of rgsources of th8 charity for that rfOd. In prepartng these finanu81 statements, thè tnjstees atp requlred to-. select sultablg acwuntlng polldes and then apply them con51Sterrtly', ob5eDm the methods and winciples in the Chariiies SORP; make ludgem8nts gnd 8Stlmat8s that are reasonable and prudent. state whether 8ppllcabl8 a0untIng st8ndards have been follthved, subjecl to any matedal departures disclosed and 8xplalned In the flnancial statements,. and prepare the financial statements on the ooing concem b8sls unless It ts Inappropriate to prnsum8 that th6 charlty will continue In business. The trustees are responsible for keeping proper accountlng records that dlsclose wtth reasonable accuracy at any tlme the financlal posillon of the charity and enable them lo ensure thal the finonclal statements comply wth th8 Ch8rbtlès Aca 2011. the Charttles (Acc£Junts and Reports) Regulatlons 2008, and the provisions of the conslltutlon. The Ifusteos a also responslble for safeguardlng the assets of the chBrity and hence for taking reason8ble Steps for the preventlon and delecllon of fraud and other lffegul8rltl8s. The trustees are responslble for the m8lnlenance and Integrlty of the corporate and financlal Infomiatlon Included on the chadtabie companls webstte. Leglslatlon govemhg the preparatlon and dlssemlnatlon of tlnanclal statements may d6ffer from legL8latlon In otherlulsdbotlons. The annual report w85 8ppro¥td by the trustees of the charity on ri.&rkn.¥and signed on tts behall by.. Jeremy 0dWar1] Chalfftian and Iwstee Page 11
Westem Chan Fellowship CIO Independent Examlnefs R•port to the tru8tee8 of Wost•m Chan Fellowship cio I report to the trustees on my examlnatlon of the accounts of Westem Chan FellOhIp CIO for the year ended 31 December 2023. R•spon8lblllties and basis of report As the charity trustees of Westem Chan Fellowship CIO you are responsible for the preparation of the accounts In 8ccordance with the requiremtrnts of th8 Chariknes Acl 2011 <e Act,). I report In respect of my examination of the Westem Chan Fellowsh¥i CIO'S aeeounts caThi8d out under sectlon 145 of the 2011 Ad and In carrying oul my examination I have followed all the 4ppllc4ble DlreGtion5 givEn by the Charity Commisslon under seclion 145{5){b) of the Aca. Indèpgndenl examlnees glatement I have completed my examiftatson. l Confirm that no materlal matters h8%e come to my att8ntlon In ¢onnedon wlth the examination givino rn8 cause to belleve that In any material resped.. 1. aco)untlna records wor8 not kept In respgct of Westem Chan Felk)wshlp CIO a3 requlred by sertbon 130 of the Ad.. or 2. the aco)unts do not accord whh those records: or 3. the accounts do not comply wllh the accountino requirements concemlng the forni and content of accounts set out in the Charllies (Accounts and Reports) Regulations 2008 other than any requirement that the ac(xJunts gwg a 'true and falr Ni8w' which is not a rnatter conskJered as part of an Independent examlnatlon. I have no v)ncems and have come across no othèr fflatte In connectlon wfth the examln8tlon lo whlch attentlon should be drawn In thls report In order to enable a propor underslandlno of the acc¥Junts to be reached. Matthew Keane ACCA Independent examiner Westcotts Plym House 3 Longbrklge Road Plymouth PL6 8LT /.q.1..7/2q- Page 12
Westsm Chan Fellowshlp CIO Statement of Flnancial Activities for the Year Ended 31 December 2023 Unrestrlcted funds Restrlcted funds Total 2023 Totsl 2022 Note Income and Endowments Irom: Donations and legacies Charitable adiwties Other trading adivities Investment Income other Incomè 4.824 52.454 8,683 3.911 4,824 52,454 8,683 3,911 3.853 37,351 7,477 995 1,153 Total Inc0rn8 70,458 70.458 50,829 Expendtture on: Charitable acbvltles 81,19 61,197 58,483 Total expendtiu 81,19 81,19 58,483 Net Inc£Jmellexp8nditure) 9,281 7,854 Net movement In fijnds 9,261 9,261 (7,854) Reconclllatlon of fund8 Totsl funds brought fOard Total funds carraed foThvard 17 225 248 248,860 255.921 248,880 l of the charliy's 8dlvities from COnnuing operetlons durlng the above two perfods. Th8 fund5 bre8kdown for 2022 Is shown Sn note 17. The notss on page5 15 to 28 fonn an Integral part of the58 financial statements. Page 13
Westem Chan Fell¢)wship CIO {Reglstratlon number: 1166162) Balance Sheet as at 31 December 2023 2023 2022 Flx•d a890ts Tangible assets 14 5.515 8,882 Currnnl a880ts Deblors Cash at bank 8nd In hand 15 8.916 281.598 270.514 8,018 247,080 255,098 Credftorn: Amounts falllng du• wlthln on• year Net current ass•ts 20.10 15,098 250,406 255,921 239,998 Not us•ts 248,880 Fund• of th• charity: Regtrlctod Incom• funds Reslrlcted funds 21,412 21,412 Unrn8trfcted In¢om• fund8 Deslgnated funds General funds 149,509 85,000 140,248 85,aoo Total unrestrbcted lunds 234,509 225,248 Total funds 17 255,921 The nancial slalements on pages 13 10 28 were 8pprov8d ty the I10eS, and authorfsed for Issue Jeremy WoodwaNJ Chelan and trustee The notes on pages 15 to 28 fomi an Integral part of these financial slatement5. Page 14
Western Chan Fellowship CIO Notes to the Flnancial Statements for the Year Ended 31 December 2023 l Accounting policiws 8tatsm•nt of complianc• The financial staternents have been prepared In acconlance with the second •Jition of the Chariiies statement of Recommended Prace Issued in OtAober 2019. the Financial Reporting Standard applicab18 In the United Klngdom and Republic of Ireland (FRS 102) and the Chariiies ALX 2011. Basls of preparatlon Westem Chan Felh)wshlp CIO meets the dellnttlon of 8 publlc benefft entty under FRS 102. The a¢Unts (financial statements) ha been prepared under the hlstorical cost convention with iiems recognlsed at cost or transadlon vglue unless otherwise stated in the rekvant note(s) lo these accounts. ¢3olng Gonc•m The trustees conslder that there 8r& no materlal uncertalndes about the fariWs abilrty to conllnue as a golng concem. Incomo and •ndoMn•nts Voluntary In¢Off Including donations. gilts. legacies and grants Ih8t provide core fundlng or are of general natur8 15 recognlsed when the charity has entitment to the Income, It Is probabb that the Incom8 wll b8 received and the amount can be measured wlth sufficient lIabIlKy. Donatlom •nd leg•ths Donatlons and l89gcles are rncogn158d on a rec8lvable bask5 when recelpt Is probsble and the amount Gan be resblY measured. Investment Incomo DidendS are recognlsed onc8 tho dlbidend has been de¢l8red and notmcatlon 17as en receId of the dlvldend due. Expendlture All expenditure is cOgnised once lttere 15 8 legal or constructlNp obltgatlon to that expendlture, it ts probable settlement is requlred and the amount can be measured rellabty. All costs are allocated lo the applicable expenditu heading that aggreg8te slmllar costs lo that category. Where costs c8nnot be directly 8ttributed to particular headings they have been altocated on a fAsis consistent wtth the u¥e of rp50urces. with central staff costs allocated on the basis of lim8 spent, arKI depreclation charges allocaled on the pjrtion of the assevs use. Other support costs are ellocaled based on th8 spread of staff costs. Charttable actlvftles Charilable exp8nd5ture compri8&s those rLlSts incurred by the chafity in the delivery of ils adivibes and seThices lor Its beneficlaries. It includes both costs that can be allocated directly to such activitses and those costs of an Indlrect n8ture necessary to support them. Page 15
Western Chan Fellowshlp CIO Notes to the Financial Statements for the Yèar Ended 31 December 2023 (contlnued) Support costs Support costs include central ffijnctions and have bèon allocated to aCtItY cost categorfes on a basls consistent with thè use of resources, for example, alloc4ting property costs by Iloor areas. or pgr rApita, staff costs by the time spgnt and other costs by Ihelr usage. Taxatlon The oharity15 conshjered to Pa55 the tests set out in Paragraph 1 Schedule 6 of the Flnance Acl 2010 and therefore li meets the defintiion of a chgrllable wmpany for UK corporatlon tax pufFK)ses. Accordingly, the charity is potentially exempt from laXon In respect of Income or rApllal g81ns recelved wlthln categories covered by Chapter 3 Part 11 of Ihe Corporation Tax Act 2010 or Section 256 of the T8xatlon of Ch8ffJeable Galns Act 1992, to the 8Xtenl that such Income or oalns are applled ex¢luslvely to ch8rit8fAe PuOSes. Tanglbl• Ilx•d a8Mts Indlvhlual fixed assets costlng £1,000.00 or more are InStlalty reconled at cost, less any Subsequent acCurrl8t8d deprerjatlon and subsequent accumulated Impalrnent losses. Dopr•clallon and amortioatlon Depreaation 15 pro¥lded on tanglble flxed assets so as to wrfle off the cosl or valuatk)n, less any 8stlrnated tesldual value, over thalr oxwted usefvl e¢onoml¢ Mfe as follows: Asset class Fixtures aThl fittings Books D•preclatlon m•thod and rate 10% str8lghl Ilne 10% stralgm Ilne Ca8h and cash equlval•nts C8sh and cash equlvalents comprlso e8sh on hand and cal deposits, 8nd other short-terrn hlghby Ilquhj Inbpsimenls that are readlly convertible to a known amount of ¢8sh 8nd are subjecl lo an Inslgntficant rtsk of change In value. Fund #lructure Unr8stricted Income funds are general funds that are avallable for use at the trustees discretlon In furtherance of the objectlv8s of the charty. Desbanated fvnds 4r8 unrestrtted funds sel aslde for specmc purp05e5 at the dlscretlon of the trustees. Restrkted Income funds are those donated for use In a partlcular ar88 or for spe¢Mc purposes, the use of whlch Is restricted to that area or puwe. Financial Instrumonts Clas51ficadon Financial assets and financial liabilllles a recognised when th8 charfty becomes a party to the contractual provisions of the instrument. Financial liatilities and equity inslruments are cla55ified aco)rding to the substance of the contr8Ctual arrangemerrts entered into. An equty instrument any contrad that evhjences a sIdual interest in th8 assets of the charity after dedu¢tNig all of its liabllhles. Poge 18
Westem Chan Fellowship CIO Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Re¢ognldon and measurement All financial assels and 118bI16tles are Inlllally measured at Iransactlon Pce (Includlng transaction costs), except for Ihose fin8nclal assets cEasskfi8d as at fair value through profft or loss, which ar8 Intt1811y m8asured ot falr value (which is nonnally the transaction prir* exduding transa(aion stS), unless the arran9ement const1te5 a ffinanng transadion. If an arrangernenl constitutes a financing tranSalon, the fln8nclal asset or financial li8biltty is measured at the pr8sent value of the fulure payments discounted at a market rate of Interest for a slmllar debt 1nstrurnnL Flnanclal assels and li8bllltles are only offset In the statement of financial position when, and only when there extsts a18g811y enforc8abie TkJhl to set off the recognlsed amounts and the chartty Intends elther lo settle on a net basls, or to realise the asset and settle the liablliiy simultaneously. Flnanclal assets are derecognlsed when arKI only when 8) the contractual rigms to the cash flows from the flnanolal asset explre or are settled, b) the charity transfers to another party substantially all of Ihe rfsks and rewards of ownershlp of the ffinandal asset. or c) the charity, despite ha¥ing retained Some, but not all, Snificant risks and rewards of ownership, has Iransfeffed control of the assel to another p8rty. Flnancial IlabllKiès are d8reeognised only whèn the obloation specjfied In the contraca Is dIharged, cancelled or expirés. Pa9e 17
Western Chan Fellowship CIO Notes to the Flnancial Statemants for the Year Ended 31 December 2023 (continued) Debt instruments whlch meet the following condilions are subsequenuy measured at amortised Cost using the effect1 Interest method.. (a) The contractual retum to the hokjer Is (O a fixed amount; (il) 8 positlve fixed rate or a positi V8rtable rate. or (iii) a CombinaOn of a positive or a negative flxed rate and a positibB variable rate. (b) The contreL may prode for repa)ents of the PTlnclpal or the relum to the hokler (bth not both) to be Ilnked to a slngle relevant observable index of general prtce inflation of the currency in which the detrt Instrument Is denomln8ted. provijed such links are not leraged. (c) The contract may provlde for 8 deteninable varlatlon of the retum to the hotdgr durfng the Iwe of the Instrument, pro)hled th8t O) the new rate Sasfie$ condttlon (a) and the variatlon Is not contlngent on future ebents other than (1) a change of a contractual variable rate; (2) to proted the holder agalnst credfl deterioration of th8 Issuer,. 13) Changes In levie5 applied by 8 central bank or arisina from changas In relevant taxatlon or Tr8w: or <11) th8 new rate Is a market rate of interest and satL8fles condlllon (8). {d) There 15 no Contractual W0s1On that couk1, by tts terms, result In the holder losfvJ the princlpal amount or any Interest attrfbutable to the current rIOd or prfor perlods. {e) Contraclual provlslons that pomtt th8 IU&r lo prepay g debt Instrument or pennlt the hokjer to put11 back lo the Issuer before maturlty are not contlngent on future events, other than to proted the holder agalnst the credtt deterloratlon of the issuer or o Chonge in control of the Issuer. or to protect the holder or Issuer 8aaln51 changes In leaS applled by a Centrnl bank or arising from changes In relevant taxatlon or18W. {fj Contraclual provL8lons may permlt the extenslon of the term of the debt Instnjmènt, prOded that the retum to the hokler and any other contractual prolon$ app15cable durlno th8 ext8nded lerrn satFsfy the condhlons of par8graphs (a) lo (cl. Dabl instruments that are dasslfi8d as payable or re¢elvable wmhln one year on Inlt181 r8¢))gnltlon and whic meet the al)ov8 eondRlons are measured at the undlscounled amount of the cash or other conslderatlon expected to be pahj or recelved, net of Impalrment. WRh the 6xceptlon of sorne hedglng Instruments, other debt Instrum8nts not meetlng 1hege cond6tlons are m88sured 8t f81r value through profft or loss. Commmments to make and r8celv6 loans whlch meet the conditlons mentloned above ar8 measured at cost (which may be nif) less Impaimient. Dorfvadvo financlal Instruments The charity uses derivative financi81 Instruments to redu exposure lo foroign exchange risk a1 interest rate movements. The char(iy does not hold or sssue derivative financial Instruments for speculative purposes. DerfvatlS are iniiially recogni5ed at fair value al Ihe date a derivative contrad is entered Irrto and are sUbseqUenY remeasured to their fair value at each reporting date. The resulting gain or Ios5 is recognised in statement of financial actiwties immediately unless the deriwdtive is designated and effective as a hedglng instrument, in whith evant the timing of the COgnitIOn in statement of financial adivities depends the nature of the hedge relationship. Page 18
Western Chan Fellowship CIO Notss to the Financlal Statements for the Year Ended 31 December 2023 {continued} Falr valuo measurement The best evklence of f8lr v8lue 15 8 quoted prfce for an hjentlcal asset In an actlve market. Vvhen quoled pCeS are unavallable. the price of 8 recent Iransac*ion for an klgntlc41 asset provides edence of fair value as long as there has not been a slgnificant change in eo)nomic CircUntanCeS or a sonificant lapse of liffle since the IransarAlon took place. If the markel is not active and recent Iransaclions of an id8ntical asset on Ihelr own are not a gocwj estimate of fair value, the fair value is estlmoted by usiThJ a valuatlon technique. 2 Incomè from donatlons and l•gaclos Unrestrlct•d funds D•ilgnated Gen•ral Total 2023 Donatlons and legades: Donallons- Fellowshlp Don8tlons- Support Fund 1,748 1.748 2,878 2,876 1.748 Unrestrlcted funds Dosignated G•n•ral Total 2022 Don8tlons and leg8d8S; Donallons - Fellowshlp Donatlons - Support Fund Donatlons - POTGW 836 838 1,717 1,717 3.853 3 Income from charttablo actlvtt108 Unrn$trfct•d lunds General Total 2023 Total 2022 Incon from retreat fees S818s of books arKI CDS Support places glv8n 48,510 304 3.840 52.454 48,510 304 3.640 34,814 52.454 Page 19
Westem Chan Fellowship CIO Notes to the Hnancial Statements for th• Year Ended 31 December 2023 (continued) 4 Incomo from othortrading avItIeS Unrestricted funds General Total 2023 Total 2022 Felk)wshlp subscrfptions Branch income 3,255 5,408 8,683 3,255 5,408 8.663 3,435 4,042 7,477 6 Invegtmenl Incom• Unr•8trfctod funds noral Total 2023 Total 2022 Intèrest r8&8lvable on bank deposlts 3,911 3,911 6 (Xher Incom• Unrn8lrlct•d fund• General Totsl 2023 Crthor mlscellBneous Income Glft akl 15 791 15 791 Unrestflctsd fvnds General Total 2022 Olher mL8cellaneous Incorne Glft atd 92 1,081 92 1,061 1.153 1,153 7 Exponditurn on charilable activitie8 Unrestrictsd fund$ Deslgnated General Total 2023 Tolal 2022 Retreat costs Branth expenses AJh)cated SUPkX)rt costs 3,640 33.059 5,361 19,137 36,699 5.381 19,137 81,197 5.139 18,681 58,483 3,640 57,557 Page 20
W•stsrn Chan Fellowship CIO Notes to the Financial Statements for the Year Ended 31 December 2023 (contlnued) 8 Analysts ¢% support costs Total 2023 Total 2022 Communlcations and IT FinanrA costs Insurance Depredatlon Accountancy and Independent Examlners Fee AdVeSIng, Postage and statlonery Legal and professSonal fees Subscriptions Charitable donatrons Travel Mlscell8n8ous expfrnses 173 1,739 5,728 1,147 1.980 4,817 115 401 119 882 2.530 8.289 1,147 2,130 4,323 235 407 1,123 607 19,137 18,681 9 Nel incomingloutgolng rngourc Net Sncomlngl{outgoing) resources for th8 year Include: 2023 2022 Depredatlon of tangible flxed assets 1.147 1,147 10 Tn•8teeg rnmunfrrallon and expenses Trustees can be remunerated for seThices provlded and retreat exp8ns8s Inojrred, as permitted under thè Conslllutlon of the Westem Chan Fellowshlp CIO (see clous85 K1. K2. K2). Jt-of pock81 expenses Incurred by other trustees durfng Ihe year 2022 wllh reference lo postage, equipment, slallonery and mlsrAllaneous expenses were £48.90 (2022: £352.80). 1 trustee (2022". 3) cialmed expenses in the year. 11 Slaff costs The charliy does not empk)y any fflembets of staff. The average head Count of employees during the year was Nil (2022.. Nir). No éfflployee receiNed emoluments of more than £60,000 durfng the year Page 21
Westem Chan Fellowship CIO Notes to the Flnanclal Statem•nt8 for Ihe Year Endod 31 Dec8mbor 2023 (continued) 12 Indopend•nt examin•rf$ rnmuneralion 2023 2022 rlaes to oxafflln¢r8 The eyAminiTrJ of a¢Unts of any assocjate ofthe charliy All other servlc8S 1,085 1,065 990 990 1,980 13 Taxation The chorlty15 a reglstered chartty and 15 therefore exempt from laxation. 14 Tangiblo fixed asuls Fumlturn and •qulwnont B¢>ok• Total At 1 J8nuBry 2023 At 310ecember 2023 D•pr•clatlon At 1 January 2023 Charge for the year At 31 December 2023 4.808 11,611 8,803 5,955 12,758 Net book valu• At 310ecerrthr 2023 5,515 At 310ecember2022 8,6e2 IS Dobtors 2023 2022 Prepayments other debtor5 5.824 3,292 8,918 4.737 3,279 8,016 Page 22
Western Chan Fellowship CIO Notes to the Flnanclal Statements for the Year Ended 31 December 2023 (continued) 18 Cr•ditors: amounts falling du• within one year 2023 2022 ATual5 20.108 15,098 17 Funds Balance at 31 Dec•mber 2023 Balance at 1 January 2023 Inc¢Jming Resourceg r•sourcos oxpended Trnngfers Unrestrlcted funds General General funds 85,000 87,582 {57,55n (10,025) 85,000 Dlunat@d Support Fund Tralning Fund Publlcatknns FUTKI Equlpment and property assets 10,5 1,873 11,019 2,878 {3,840) 3.255 13,047 1,873 11,019 118 800 123 570 140,248 640 149.509 Total unlutrlthd funds 225,248 70.458 {81,197) 234.509 Restricted fund• Equlpment and property fund Total funds 70.458 81,19 255,921 Page 23
Westem Chan Fellowship CIO Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 8alance at 31 Dttember 2022 Balance at 1 January 2022 InGomlng Rosouices resources expended Transfern Unrestrlctsd lund8 Gen•ral Gener81 funds 85,000 49,112 (55,948) 8,838 85,000 Deslgnated Support Furwj Tralnlng Fund PublICaOn$ Fund Equlpment and prop8rty assets 9.302 1,445 11,019 1,717 (2.535) 2,072 428 10,558 1,873 11,019 126,138 147,902 9,336 118.800 2,535 1,717 140,248 Total unrngtrkt•d funds 232.902 50,829 (58,483) 225,248 R•8tflct•d funds Equlpment and property fund 21,412 21,412 Total fun 254,314 58,483 Support fund Is a deslgnated fund. The don8tlons are glwn lo help unemplo1 or wage(I people attend retreats. 246,680 Tralnlng fund Is a deslgnaled fund whlth Ls used lo support the costs of tralnlno Incuffed by the charty. Publlcatlons lund ts a doslgnat8d fund whlch Is used forth6 costs of publlcotlons of the charty. Equipment and property assets (EPA) fund Is a des*nated fuTrJ, used for the fvndlng of new assets purchased by Ihe chafity. Page 24
Western Chan Fellowship CIO Notes to the Flnanclal Statements for the Year Ended 31 December 2023 (continued) 18 Anatygis of nol ass&ts tWO•n funds Total fund8 at31 December 2023 Unre8trictsd funds General Restricted funds Tanglble assets Current assets Current Ilabllltles 5,515 249,102 120,108) 234,509 5.51S 270.514 0,108 21,412 Total net assets 21,412 255.921 Total funds a131 08comber 2022 Unrnstrictad funds General R•strlcled fund8 Tanglble fixed assets Current assets Current Ilabilhles 8.882 233,684 15,098 225,248 8,862 255,098 15,098 21,412 Totsl assets 21,412 246,860 19 Relatsd party tran8actlono In the year related party tr8nsactlons wern made lo Irustees relatlng to fv8s pakl for hlte of Shawbottom Farm. The tot81 paid to trustees was £21.300 (2022: £15.040). One tnjstee replent of the fees (2022.. One). Two trustees were [eIred for Items bought for the Chaflty (2022.. NII). Page 25
Westsm Chan Fellowship CIO Notes to the Flnanclal Stat•m•nts for the Year Ended 31 December 2023 (contlnued) 20 Rolr•at Incomo and Expenses 2023 2022 Nun)er of retreats dudno th6 y88r Number of days of retreat prOded Number of people Pan9 to attend th8 rotreats 108 85 Incoff from Retreat Fees paid Support Places ghrnn 48,510 3.840 52,150 34,814 2,535 37,349 2023 2022 Rent pald for use of Maln Retreat Venue F66S P8hJ to cooks Retreal expenses.. focwj and supplles Booklng refunds Support to rthatants 20,592 7,151 5,318 15.040 5,897 5,100 8,091 2,535 3,640 38,899 38,883 Tot8l8urplusl(defic) on Relreat Programme 15,451 Allocated to: Funds transferred to the general res8pS of the charfty Funds Iransferred to the SuprK)rt fund 15,451 15,451 Page 28
Westem Chan Fellowship CIO Notes to the Financlal Statements for the Year Ended 31 December 2023 (continued) 21 of Donations Support Fund - This is & desKJnated fvnd. The donatlons are glven to help unernployEd or low waged people attend retreats. Donatlons have been used as follows. 2023 2022 Balanc8 brought forward Donatlons to th8 Support Fund Support pla$ glven Transfer from General Reserves 10.556 2,878 (3,640) 3,255 9,302 1,717 (2.535) 2,072 13,047 Publlcatlon Fund - ThLg Is 8 deslonated fvnd. Donatlons ha* been used a5 follows., 2023 2022 B8lance brouoht forward Donatlons to the Publlcatlon Fund endlture from the Publleatlon Fund Transfèr from Genoral ReseNes 11,019 11.019 11,019 Tralnlng Fund- Thls Is a desbnated fund. Donatlons have been used as follows., 2023 2022 8alanc8 brought frjrward Dondons to the Training Fund ExpendUre from the Training Fund for rent Transfer from General ReseThes 1,873 1,445 428 1,873 Equlpment. Property 8fKI Asset (EPA) Fund - Thls15 a deSnated fund. Donatlons have been used as folthA; 2023 2022 Balance brought foNi8rd Don8tlons to the EPA Fund Expendlture froffl the EPA Fund Transfer from Reslrfcted R8seTres Transf8r from General Reserves 118,800 128,138 9.338 123.570 116,800 Page 27
Western Chan Fèllowship CIO Notes to the Flnanclal Statements for tho Year Ended 31 December 2023 (contlnued) Gener81 reseTrEs- Thls is an unrestrictsd fund. Donatlons ha* been used as follows: 2023 2022 Balance brought foTh¥an Surplus forthe year Movement in the Support Fund Movement kn the Tralnkng FuThl Transfvr to the EPA fvnd Transfer to the Property fund 85,000 10,025 13.255) 85,000 (7,654) (1,254) (428) 9,338 (e.770) 85.000 85,000 Pmp6rty Fund . Thls fund Is restdcted. Donatlons ha been used as follows., 2023 2022 Balonce brought forwa Dondons to the Property Fund Exp8ndltuTe from the Property Fund Tronsfer to the EPA furKI Transfer from Gener81 Resems 21,412 21,412 21,412 Page 28
Westem Chan Fellowship CIO Detalled Statement of Financial Activllles for the Year Ended 31 December 2023 Total 2023 Totsl 2022 Income and Endovaments from: Donakn'ons and legacies (analysed below) Charitable actlvltles (analysed below) other tradlng actlvities (analjsed below) InStmént Income (anatysed b0W) other Income (analysed below) Total Income 4,824 52,454 8.863 3,911 3,853 37,351 7,477 995 1,153 70,458 Expondlture on: Charilable a¢tlvltl&s (on8ly58d below) Tot81 expendllu Nèt Ineorno1(exp8n(Illure) N81 rno¥ement In funds 81,197 58,483 61,19 58.483 7,854 9,261 (7.654) Reconclllatlon of fundg Total fvnds brought forwalll 254,314 Totsl funds carrfed foThYal 255 921 246.660 This page does not forn part of th8 statutory financial statements. Page 29
Western Chan Fellowship CIO Detalled Statement of Flnancial Actlvllles for tho Yw Ended 31 December 2023 (continued) Total 2023 Total 2022 Donatlons and legacles Donations - Fellowshlp Donatlons - Support Fund Don8tions - POTGW 1,748 2,878 636 1.717 1.500 3,853 4,824 Charltable actlvldas Sales of purchased goods Support places given Income from retreat fees 304 3,840 48,510 2,535 34,814 37.351 52,454 Othor tradlng acUvlU8s Fellowship subscriptlons Branch Income 3.255 5,408 8,663 3,435 4,042 Bank Interest recel¥ed 3,911 3,911 995 995 otherlncome Other mlscellaneous Ine4)me Glfl ahj 15 791 92 1.081 1,153 Charftable acdvltlqs But5aries granted Fees p8Ed lo the cooks Retreat expenses". food and supplles Mlscell8neous expenses Bookng refunds Rent paid for use of Shawbottom Insuran Computer sollware and maintenance $ts stationery Post8ge Prbntlng and dhJMsatlon Trade subscriptlons Charltable donatlons Travel costs 3,640 7,151 5,318 2,535 6,889 4.128 8.091 15,040 5,728 173 20,592 8.289 2.061 2,208 407 1,692 2,262 401 119 662 1,123 This page does not form part of the 5t8tutory financial stalemenls. Page 30
Westem Chan Fellowship CIO Detalled Statement of Flnanclal Activitles for the Year Ended 31 December 20231continued) Tolal 2023 Total 2022 Accountancy fees Branth expenses lThYependent eyaminefs fee Legal and professlonal fees 88nk charges Depreclallon of fixtures and rIng$ 2,130 5,361 990 5,139 990 115 1.739 1,147 58.483 235 2,530 1,147 61,197 Thls page doe5 not fomi part ofthe statutory financial stat8ments. Paoe 31