## **CLARIDGE HOUSE**
## **Report and Financial Statements**
**Year ended: 31 May 2022 Registered Charity No. 1167155**
## **MYRUSSMITH**
Chartered Accountants Norman House 8 Burnell Road Sutton, Surrey SM1 48W
## **CLARIDGE HOUSE**
## FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
## **CONTENTS**
||Page|
|---|---|
|Report of the Trustees|1|
|Independent Examination Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Cash Flow Statement|10|
|Notes to the Financial Statements|11to17|
**CLARIDGE HOUSE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MAY 2022**
## **Reference and administration details**
## **Principal Address**
Claridge House, Dormans Road, Dormansland, Lingfield, Surrey, RH7 6QH
## **Trustees**
Francis Standish (Acting Chair from 16 March 2021 to March 2022) Sarah Dawe (Until 7 March 2023)(Chair from March 2022 to 7 March 2023) Stuart Barlowe (from 5 May 2021 until 22 January 2022; and from June 2022 to 2 March 2023) Fergal Crossan (Acting Treasurer) Jennifer Cuff (from 16 March 2021 until 11 August 2021) Lesley Evans (until 7 January 2022) Anthony Franklin (until March 2022) Gail Lineham (from 14 April 2022) (Chair from 7 March 2023) Irina Eltsova (from 7 June 2022) Anne Simpson (from 22 August 2022) Cherry Simpkin (from 7 June 2022)
All Trustees were appointed by the Board of Trustees.
## **Senior staff**
## Manager
Meredith Wood
## **Registered Charity Number**
1167155
## **Bankers**
Lloyds TSB, East Grinstead, 1/3 London Road, East Grinstead, West Sussex, RH19 1AH
## **Solicitor**
Bates, Wells and Braithwaite, 10 Queen Street Place, London EC4R 1BE
## **Independent Examiners**
Myrus Smith, Norman House, 8 Burnell Road, Sutton, Surrey SM1 4BW
1
**CLARIDGE HOUSE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MAY 2022**
## **Report of the Trustees for the year ended 31 May 2022**
The Trustees present their report together with the independently examined financial statements of the charity for the year ended 31st May 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Constitution, the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provision of the Statement of Recommended Practice (SORP) applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 st January 2019.
## **Structure, Governance and Management**
The charity is a Charitable Incorporated Organisation ("the CIO") registered with the Charity Commission on 17 May 2016 and governed by a Constitution.
The CIO took over ownership and responsibility for the running of the Retreat Centre known as Claridge House from an unincorporated Trust, Friends Fellowship of Healing: Claridge House ("the Trust") on 31 August 2016.
The Trustees are appointed by the Board of Trustees. Trustees are appointed initially for a period of three years and are then eligible for re-appointment for a further three years. A period of a year must then elapse before a further re-appointment
The Trustees appoint the manager, who manages the day to day running of the House. The manager reports regularly to the Trustees. Other staff are appointed by the manager.
## **Objectives and activities**
The object of the CIO is the provision of a Centre for rest and renewal for those who are under stress or strain, or in any condition in which a time of rest and renewal would be beneficial, with a view to helping them attain health and strength in their lives. The Centre also runs Retreats and Quiet Days and short courses aimed at promoting rest and renewal.
The CIO seeks to attract new guests through its website, its entry in the Retreat Association's website and handbook, and through a range of publications available to the general public.
## **Risks**
Trustees regularly review the major risks to which the charity is exposed and put appropriate actions in place to mitigate these risks.
## Impact of Coronavirus
> UK hospitality venues were allowed to reopen on 17 May 2021. Prior to this Claridge House had been periodically closed to guests in accordance with government guidance, with staff furloughed.
The House opened again in May 2021 with full risk assessments being carried out and with full adherence to Government guidance. Guests who had outstanding bookings were either reimbursed or allowed to rebook a later date.
2
## **CLARIDGE HOUSE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MAY 2022**
The public remained cautious after lockdown restrictions were lifted, and this impacted on bookings initially. However, the charity's financial position was robust due to government grants received (furlough scheme and special Covid-related grants from the local authority), and due to relatively low fixed overheads.
## Impact of the cost of living crisis
The whole hospitality sector has suffered reduced activity due to the impact of the cost of living crisis, with people being less inclined to spend on non-essential items. The longer-term effect of this on Claridge House is still unclear and perhaps unforeseeable, but with the impact expected to continue for some while we identified the following risks:
- Loss of income from bookings
- Increased non-pay costs due to inflationary pressures, particularly with regards to energy bills
- Increased costs due to inflationary pressures on staff salaries
The budget has now been reworked to take account of inflation. Pay awards are now reviewed annually. Staff were awarded a 10% pay rise in August 2022; future pay rises will depend on affordability.
## Other risks identified:
- Liabilities to neighbouring properties due to damage caused by trees on the estate
- Significant ongoing maintenance costs of estate
- Relatively narrow demographic of guests, limiting expansion of guest numbers
- Poor functionality of booking system
- Dated website
- Difficulty finding catering staff
Trustees commissioned a report to examine the construction of a neighbouring private road, where root damage had occurred. The report revealed that the road had not been constructed with the appropriate foundations, making it vulnerable to damage. Our insurers have been kept informed.
Maintenance costs have now been incorporated into the budget for the first time, but may need to be increased in future owing to the ageing estate and lack of previous investment. Refurbishment of external flat and bungalow has been identified as a priority for investment. A grant has been applied for to assist with costs relating to making the property better insulated.
Attracting a wider demographic and new guests is a longer-term goal, with plans to redesign the website to make it more attractive, as well as making the booking system more user-friendly and functional. Trustees reviewed a wide range of options and have selected a company to provide a new website and booking system.
Chefs have been difficult to find since Brexit, and the charity has relied on a mixture of freelance staff. We now plan to engage a previous freelancer on a substantive contract.
3
**CLARIDGE HOUSE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MAY 2022**
## **Public Benefit**
The Trustees believe that the charities object and activities offer public benefit in accordance with the guidance published by the Charity Commission.
Guests come from all over the UK and, typically, include:
- the elderly
- those with physical disabilities
- those who need a break from caring for others
- those recovering from illness, including mental breakdown
- those diagnosed with terminal conditions
- those suffering from bereavement
- those needing a place of retreat in order to reassess their lives
- those seeking respite from care work and stressful jobs.
Guests can come for an unstructured personal retreat or they can attend one of our courses or workshops, aimed at promoting physical, mental and spiritual well-being, on subjects such as yoga, Alexander technique, coping with change, painting for relaxation and various aspects of healing, including self-healing.
We also make the house available for groups specialising in helping those with specific health conditions or who are living under stressful conditions to run their own events for their beneficiaries.
Bed and breakfast facilities are also provided on a commercial basis to supplement the charitable income. A number of bed and breakfast guests have returned to attend courses and take individual personal retreats.
The centre is run in accordance with the philosophy and principles of the Religious Society of Friends (Quakers) but welcomes people of all religious beliefs or none. We seek to meet guests spiritual needs by:
- Running led retreats and Quiet Days;
- Enabling guests to come on individual unstructured retreats;
- Holding two 15-minute Quiet Times a day (morning and evening);
- Holding a full-length Quaker Meeting for Worship every Sunday at which guests and the public are welcome to attend;
- Enabling Quaker and other groups to hire the house for their own arranged retreats.
We also have a well-stocked library of books focussing on healing and spirituality.
Healing therapies are also provided such as spiritual healing and massage.
The Trust operates a bursary scheme to help those who are less financially advantaged and would otherwise be unable to take advantage of what we offer. We also run a Caring for Carers scheme, in conjunction with the charity Action for Carers.
4
**CLARIDGE HOUSE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MAY 2022**
Claridge House operates a Friend in Residence Scheme under which a Quaker volunteer will live in the house and carry out various duties such as welcoming guests and ensuring they are comfortable, being available as someone to talk to and leading the Quiet Times. The presence of a Friend in Residence helps to maintain the Quaker ambience of the house and contributes to the healing process.
## **Achievements and performance**
The Centre continues to attract a wide range of guests, who benefit from what the House offers. Guest feedback shows that the aim of the Trust to provide opportunities for rest and renewal continues to be fulfilled. The personal attention given to help meet the needs of individual guests has been much appreciated.
During the year, we continued to widen our links with charities and other appropriate groups looking to hire the house for retreats and respite breaks.
Volunteers have continued to help the work of the House, through activities such as gardening and administrative work.
## **Financial review and Reserves Policy**
The Trustees have a reasonable expectation that the CIO has sufficient funds to continue in operational existence for the foreseeable future.
The charity's overall income for the year was £218,517
To ensure liquidity and smooth cashflow, all cash assets are held in bank deposits.
The charity's principal sources of income are guest fees and charitable donations and legacies. The guest income is insufficient to cover running costs and needs to be supplemented by donations if fees are to be kept at an affordable level for most guests and to avoid excessive strain on the bursary fund.
The Charity's total net assets at 31 May 2022 were valued at £1,026,035 including tangible fixed assets (mainly land and buildings) of £975,682. There was a surplus in unrestricted funds of £22,152 (compared to £6,207 in 2020-21 ).
The CIO maintains sufficient unrestricted reserves to cover 3 months' worth of payroll (currently approximately £26,000).
The Trustees monitor finances closely through regular income and expenditure reports. Their aim remains to achieve trading profitability by increasing the customer base through improved marketing strategies and so that donations and legacies can be used to develop the work of the charity, make capital improvements, and build up the bursary fund.
## **Plans for the Future**
The immediate priority is to seek ways to build up our guest base by developing and promoting a wider range of courses and varieties of guest experience.
We plan to update and refurbish our self-catering accommodation, which subsidizes our charitable endeavours.
5
**CLARIDGE HOUSE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MAY 2022**
We will continue to try to attract a wider age range and, in particular younger people in the 3045 age bracket. To achieve this, and attract more guests in general, we plan to:
- update our decor and improve our facilities
- expand our range of courses and choice of therapies
- seek new ways to advertise and promote what we offer
In particular, we will focus on upgrading our website so as to improve marketing and widen participation. We have recently received a legacy (and are expecting another one), and hope to use this to fund this website redesign.
We have increased the number of trustees and widened the experience base of the Board.
## **Statement of Trustees' Responsibilities**
The Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
## **Declaration**
This report approved by the Trustees on 16th March 2023 and signed on their behalf by:
**Gail Lineham Chair of the Trustees**
6
## **INDEPENDENT EXAMINATION REPORT TO THE TRUSTEES OF**
## **CLARIDGE HOUSE**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 May 2022 which are set out on pages 8 to 17.
## **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 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 material 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 charity 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 Reports) 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 (Independent Examiner) % Myrus Smith, Chartered Accountants Norman House 8 Burnell Road Sutton, Surrey SM1 4BW
2023
7
## **CLARIDGE HOUSE**
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022
||||||**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Unrestricted**|**Designated**|**Restricted**|**Funds**|**Funds**|
||**Notes**|**Funds**|**Funds**|**Funds**|**2022**|**2021**|
|||£|£|£|£||
|**Income from:**|||||||
|Donations and legacies|2a|21,784||1,110|22,894|79,090|
|Charitable activities|2b|138,364|||138,364|30,262|
|Trading activities|2c|32,253|||32,253|4,911|
|Investments|2d|24,906|||24,906|23,340|
|Other income|2e|100|||100|2,678|
|Total||217,407||1,110|218,517|140,281|
|**Expenditure on:**|||||||
|Charitable activities|3|195,255||32,515|227,770|166,465|
|**Total**||195,255||32,515|227,770|166,465|
|Net income/( expenditure)|||||||
|before transfers||22,152||(31,405)|(9,253)|(26,184)|
|Transfers between funds|9 & 10|(5,451)|2,924|2,527|||
|Net movement in funds||16,701|2,924|(28,878)|(9,253)|(26,184)|
|**Reconciliation of funds**|||||||
|Total funds brought foiward|9 & 10|26,830||1,008,458|1,035,288|1,061,472|
|Total funds carried foiward|9 & 10|£43,531|£2,924|£979,580|£1,026,035|£1,035,288|
All income and expenditure is derived from continuing activities.
The Statement of Financial Activities includes all gains and losses recognised during the year.
The notes form part of these Financial Statements
8
## **CLARIDGE HOUSE**
## BALANCE SHEET AS AT 31 MAY 2022
||**Notes**||**2022**||**2021**||
|---|---|---|---|---|---|---|
|||||£||£|
|**Fixed Assets**|||||||
|Tangible Assets|6|||975,682||1,005,289|
|**Current Assets**|||||||
|Debtors|7|775|||3,343||
|Cash at Bank and in Hand||71,767|||45,925||
|||72,542|||49,268||
|**Creditors**|||||||
|Amounts falling due within one year|8|22,189|||19,269||
|**Net Current Assets**||||50,353||29,999|
|**Net Assets**|11||£1,026,035||£1,035,288||
|**Funds**|||||||
|Restricted|9|||979,580||1,008,458|
|Designated|10|||2,924|||
|Unrestricted|10|||43,531||26,830|
||||£1,026,035||£1,035,288||
Approved on behalf of the Trustees on 16th March 2023 and signed on its behalf by:
## **Gail lineham Chair of the Trustees**
The notes form part of these Financial Statements
9
## **CLARIDGE HOUSE**
## CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MAY 2022
|||**2022**|**2021**|
|---|---|---|---|
||**Notes**|**£**||
|**Cash flows from operating activities**||||
|Net movement in funds per statement of financial activities||(5,637)|(26,184)|
|Adjustments for:||||
|Depreciation|6|28,899|32,612|
|(Increase)/ decrease in debtors||2,568|5,845|
|Increase/ (decrease) in creditors||2,920|68|
|**_Net cash provided by I (used in) operating activities_**||**28,750**|**12,341**|
|**Cash flows from investing activities**||||
|Purchase of tangible fixed assets||(2,908)||
|**_Net cash provided (used in) investing activities_**||**(2,908)**||
|**Change in cash and cash equivalents in the year**||**25,842**|**12,341**|
|Cash and cash equivalents brought forward||45,925|33,584|
|**Cash and cash equivalents carried forward**||**£71,767**|**£45,925**|
10
## **CLARIDGE HOUSE**
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
## **1. ACCOUNTING POLICIES**
## **a) Basis of preparation**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.
The financial statements are prepared on a going concern basis and under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below.
## **b) Incoming recognition policies**
- Items of income are recognised and included in the accounts when all of the following criteria are met: • The charity has entitlement to the funds;
- any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity.
- there is sufficient certainty that receipt of the income is considered probable; and
- the amount can be measured reliably.
## **c) Expenditure recognition**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs undertaken to further directly the purposes of the Charity and those costs of an indirect nature that are necessary to support these activities.
## **d) Allocation of support costs**
- Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charity's activities. These costs have been allocated to each activity on the basis of staff time.
## **e) Tangible Fixed Assets**
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life at the balancing rates:
Buildings and property improvements 2% straight line Motor Vehicles 25% reducing balance Fixtures and Fittings 20% reducing balance Land (£90,600) Not depreciated
## **f) Taxation**
All of the activities of Friends Fellowship of Healing Claridge House are charitable and are therefore not liable for tax.
## **g) Debtors and creditors**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairments are recognised in expenditure.
## **h) Government grants**
The charity received government support through the Coronavirus Job Retention Scheme which is accounted for on the accruals basis.
## **i) Pension costs**
The charity operates a defined contribution pension scheme. Contributions payable under the scheme are charged in the Statement of Financial Activities in the year to which they relate.
11
## **CLARIDGE HOUSE**
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
/contd ...
|**2. **|**INCOME**|**INCOME**|**Unrestricted**|**Designated**|**Restricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|---|---|---|
||||**Funds**|**Funds**|**Funds**||**2022**|**2021**|
||||£|£|£||£|£|
||a)|Donations and legacies|||||||
|||Donations|6,938||1,110||8,048|13,720|
|||Legacies|10,000||||10,000||
|||Government grants|4,846||||4,846|65,370|
||||£21,784|£Nil|£1,110||£22,894|£79,090|
||b)|Charitable activities|||||||
|||Accommodation at|||||||
|||Claridge House|£138,364||||£138,364|£30,262|
||c)|Trading activities|£32,253|**£Nil**||**£Nil**|£32,253|£4,911|
||d)|Investment income|||||||
|||Rents|24,906||||24,906|23,337|
|||Bank interest||||||3|
||||£24,906|**£Nil**||**£Nil**|£24,906|£23,340|
||e)|Other income|||||||
|||Insurance claim||||||1,772|
|||Rate refunds||||||756|
|||Leaf blower sale||||||150|
|||Key replacement|100||||100||
||||£100|£Nil||£Nil|£100|£2,678|
||||||||||
||Total income||£217,4D7|£Nil|£1, 11D||£218,517|£140,281|
Of the £140,281 income recognised in 2021, £140,060 related to unrestricted funds and £221 related to restricted funds
12
## **CLARIDGE HOUSE**
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 /contd, ..
|**3. **|**ANALYSIS OF CHARITABLE**|**Direct**|**Support**|**Total**|**Total**|
|---|---|---|---|---|---|
||**EXPENDITURE**|**Costs**|**Costs**|**2022**|**2021**|
|||£|£|£|£|
||Staff Costs (inc. travel)|105,048||105,048|82,392|
||Provisions and household|24,422||24,422|15,064|
||Rates, light and heat||9,549|9,549|6,805|
||Carers expenses|||||
||Course expenses||12,735|12,735|2,116|
||General maintenance||28,131|28,131|17,198|
||Marketing||1,368|1,368|69|
||Other expenses of Claridge House||5,144|5,144|4,935|
||Depreciation||32,515|32,515|32,612|
||Bank charges||4,774|4,774|754|
||Professional fees||2,662|2,662|3,310|
||Governance (Note 4)||1,422|1,422|1,210|
|||£129,470|£98,300|£227,770|£166,465|
Of the £227,770 (2021 : £166,465) expenditure recognised in 2022, £195,255 (2021 : £133,853) was charged to unrestricted funds and £32,515 (2021 : £32,612) was charged to restricted funds.
Of the £166,465 expenditure recognised in 2021, £97,456 was for direct costs and £69,009 was for support costs
||Of the £166,465 expenditure recognised in 2021, £9
support costs|7,456 was for direct costs and £69,|009 was for|
|---|---|---|---|
|**4.**|**GOVERNANCE**|**2022**|**2021**|
|||**£**|**£**|
||Independent examiner's costs|1,140|1,080|
||Trustee recruitment|138|130|
||Meeting costs|144||
|||£1,422|£1,210|
|**5.**|**STAFF COSTS**|**2022**|**2021**|
|||**£**|**£**|
||Salaries and other staff|103,505|81,286|
||Social Security costs|865||
||Pension costs|678|1,057|
|||£105,048|£82,343|
The average number of employees during the year was 7 (2021 : 5).
No employees received total employee benefits (excluding employer pension costs) of more than £60,000.
13
## **CLARIDGE HOUSE**
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
/contd ...
|**6.**|**TANGIBLE FIXED ASSETS**|**Land and**|**Property**|**Fixtures &**||
|---|---|---|---|---|---|
|||**Buildings**|**Improvements**|**Fittings**|**Total**|
|||**£**|**£**|**£**|**£**|
||**Cost**|||||
||Balance brought forward|1,090,600|361,453|145,199|1,597,252|
||Additions|||2,908|2,908|
||Disposals|||||
||At 31 May 2022|1,090,600|361,453|148,107|1,600,160|
||**Depreciation**|||||
||Accumulated depreciation in|||||
||unincorporated charity|408,333|51,985|131,645|591,963|
||Charge for the year|20,000|9,223|3,292|32,515|
||Depreciation on disposal|||||
||At 31 May 2022|428,333|61,208|134,937|624,478|
||**Net Book Value**|||||
||At 31 May 2022|£662,267|£300,245|£13,170|£975,682|
||**Net Book Value**|||||
||At 31 May 2020|£682,267|£309,468|£13,554|£1,005,289|
|**7. **|**DEBTORS**|||**2022**|**2021**|
|||||£|£|
||Gift Aid|||586|420|
||Other debtors|||189|2,923|
|||||£775|£3,343|
|||||=|=|
|**8.**|**CREDITORS**|||**2022**|**2021**|
||**Amounts falling due within one**|**year**||£|£|
||Other creditors|||4,348|4,235|
||Social security and other taxes|||329|2,724|
||Deposits received in advance|||17,512|12,310|
|||||£22,189|£19,269|
14
## **CLARIDGE HOUSE**
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
## /contd ...
|**9. RESTRICTED FUNDS**
**Balance**
**1 June**
**2022**
**2021**
**Income**
**Expenditure**
**Transfers**
£
£
£
£
Bursary Fund
949
(381)
Sanctuary Fund
1,898
1,110
Carers Fund
Terrace Fund
311
Capital Fund
131,850
Property Fund
873,439
32,515
2,908
Other
11
£1,008,458
£1,110
£28,899
£2,527
- -|**Balance**
**31 May**
**2022**
£
568
3,008
311
131,850
843,832
11|
|---|---|
||£979,580|
Comparative information for the restricted funds in the previous year is as follows:
|||**Balance**||||**Balance**|
|---|---|---|---|---|---|---|
|||**1 June**||||**31 May**|
||**2021**|**2020**|**Income**|**Expenditure**|**Transfers**|**2021**|
|||£|£|£|£|£|
||Bursary Fund|728|221|||949|
||Sanctuary Fund|1,898||||1,898|
||Carers Fund||||||
||Terrace Fund|311||||311|
||Capital Fund|131,850||||131,850|
||Property Fund|906,051||32,612||873,439|
||Other|11||||11|
|||£1,040,849|£221|£32,612|**£Nil**|£1,008,458|
||||||- -||
|**10.**|**UNRESTRICTED FUNDS**|**Balance**||||**Balance**|
|||**1 June 2021**|**Income**|**Expenditure**|**Transfers**|**31 May 2022**|
||**2022**|£|£|£|£|£|
||General Fund|£26,830|£217,407|£195,255|£(5,451)|£43,531|
||Designated fund||||||
||Bursary fund|£Nil|£Nil|**£Nil**|£2,924|£2,924|
Comparative information for the unrestricted funds in the previous year is as follows:
|||**Balance**||||**Balance**|
|---|---|---|---|---|---|---|
||**1**|**June 2020**|**Income**|**Expenditure**|**Transfers**|**31 May 2021**|
|**2021**||£|£|£|£|£|
|General Fund||£20,623|£140,060|£133,853|£Nil|£26,830|
15
## **CLARIDGE HOUSE**
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 /contd ...
|**11.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|||
|---|---|---|---|---|---|
|||**Tangible**|**Net**|||
||**2022**|**Fixed**|**Current**|**Total**|**Total**|
|||**Assets**|**Assets/Liabilities**|**2022**|**2021**|
|||£|£||£|
||**Restricted Funds**|||||
||Bursary Fund||568|568|949|
||Sanctuary Fund||3,008|3,008|1,898|
||Carers Fund|||||
||Terrace Fund||311|311|311|
||Capital Fund|131,850||131,850|131,850|
||Property Fund|843,832||843,832|873,439|
||Other||11|11|11|
|||£975,682|£3,898|£979,580|1,008,458|
||**Unrestricted Funds**|||||
||General Fund||43,531|43,531|26,830|
||Designated Fund||2,924|2,924||
|||£Nil|£46,455|£46,455|26,830|
||**Total Funds**|£975,682|£50,353|£1,026,035|£1,035,288|
||Comparative information for the analysis of net assets between funds in the previous year is as follows:|||||
|||**Tangible**|**Net**|||
||**2021**|**Fixed**|**Current**|**Total**|**Total**|
|||**Assets**|**Assets/Liabilities**|**2021**|**2020**|
|||£|£||£|
||**Restricted Funds**|||||
||Bursary Fund||949|949|728|
||Sanctuary Fund||1,898|1,898|1,898|
||Carers Fund|||||
||Terrace Fund||311|311|311|
||Capital Fund|131,850||131,850|131,850|
||Property Fund|873,439||873,439|906,051|
||Other||11|11|11|
|||1,005,289|3,169|1,008,458|1,040,849|
||**Unrestricted Funds**|||||
||General Fund||26,830|26,830|20,623|
||||26,830|26,830|20,623|
||**Total Funds**|£1,005,289|£29,999|£1,035,288|£1,061,472|
16
## **CLARIDGE HOUSE**
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
/contd ...
## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS** /contd ...
## **Bursary Fund**
This is used to subsidise guests who cannot afford the full fee for staying at Claridge House.
## **Sanctuary Fund**
This is used to provide stays at Claridge House for groups of refugees and asylum seekers.
## **Carers Fund**
This is used to subsidise respite stays at Claridge House for those caring for elderly/incapacitated friends and family.
## **Terrace Fund**
This is used to hold funds raised for an extension to the terrace.
## **Capital Fund/Property Fund**
These funds represent the net book value of tangible fixed assets.·
## **12. COMMITMENTS**
Total future minimum lease payments under non-cancellable operating leases are as follows:
Due within: One year One to five years
|ses are as fo|llows:|
|---|---|
|**2022**|**2021**|
|£|£|
|£Nil|£Nil|
## **13. RELATED PARTY DISCLOSURES**
No trustees or parties related to them received any remuneration during the year.
No trustees expenses or reimbursement occurred during 2022 and 2021.
17