CARMELITE MONASTERY REPORT OF THE TRUSTEES AND U,NAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 CHARITY REGISTRATION NUMBER 1168127 IEnBland & Wales) PREPARED BY CHAMPLEYS CHARTERED CERTIFIED ACCOUNTANTS CHAMPLEVS MEWS MARKET PL4CE PICKERING Y018 7AE
CARMELITE MONASTERY CHARrrY INFORMATION AS AT 31ST DECEMBER 2024 Trustees Sr Brld8et Litchfield Sr Rosemary Harwar Sr Ann Dodd Accwntants Champleys Chartered Certified Accountsnts Champley5 Mews Market Place Pickerin8 Y018 7AE Bankers Natwest I, Market Street York YOI 85R Prfnclpal Operatlng Address The Carmelite Monastery Thorganby York Y019 6DE
CARMELrrE MONASTERY REPORT OF THE TRUSTEES, FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees present their report and account5 forthe organisation forthe year ended 31st December 2024. The Charity Name, Re8lstration and Area of Operation The legal name of the charlty is Carmelite Monastery. The charlty Is re8iStered In England & Wa5es wlth the Charlty Commission in England & Wales {CCEW) with charity number 1168127. Trustees The following persons served as Trustees durin8 the year ended 31st December 2024: Sr Bridget Litchfield Sr Rosemary Harwar SrAnn Dodd The Trust Deed dated 1st July 2016 governs the appointment and election of directors and trustees. Any expenses reclaimed from the charity are set out in note 13 to the accounts. Objects and Actlvltles of the Charity The purposes of the Charity as set out In Its governlng document are: The provision of chapel buildings and facilities for communlty and religious use. Organisation of ceremonies and events. Provision of altar cloths, religious artifacts and communion wafers to churches and the publlc. Provision of places of worship and peace. Facilitie5 for interment of ashes. Care for the elderly and relief of poverty.
CARMELITE MONASTERY REPORT OF THE TRUSTEES, FOR THE YEAR ENDED 31ST DECEMBER 2024 The maln actlvltles undertaken durlng the year to further the charity's purpose for the public benefit The main activities undertaken in relation to the purposes were to". o Offer opportunities for public and a broad range of groups to use the chapel. To organise religious ceremonies and events for the public. Continue to supply a range of altar cloths, artefatts and communion wafers for use bythe churches and public. Maintain and care for the gardens and facilities for the internment of ashes. Provide alternative care services allowing patients to remain outside a h05Pltal environment. Malntain and care for the gardens and facilities for the internment of ashes. Provide the community wlth facilltles and accommodation for worship and peace. Pray and support those in need. Offer opportunities for a broad range of people to be Involved with the organisation and ourwork. The trustees have had regard to the Charity Commi55ion'5 guidance on public benefit in managin8 the activities of the charity. The maln achlevements and perforniance of the charlty during the year Some of the main achievements of the Charity in 2024 that have made a dlfference to the Socal churches and people of all faiths or none are as follows: We help those who have lost a loved one and have no idea of how to go about sorting outtheirfuneral. We offerto take it on ourselves, producing Servi booklets, host the mass or service in our chapel, if that is what they would wish, and arrange for the buffet afterwards. The main church services are still well attended, and the rell8ious shop is a worthwhile service to them. The quiet days and away days held by many churches, of all denominations or none help many partlclpants to relax while their worries and tensions subside. The prayer garden and facilltles for internment of ashses of loved ones contlnues to give peace of mind to vlsltors. The use of the guest flat for those recuperatin8 after Illness, or discerning their personal journeys in life Contlnues to be well used, especially for non-catholic individuals and clergy, thereby increasin8 our ecumenical outreach, as does the fact that we share worshlp on and off during the year. Our chapel Is open every day for those wlshing to join our prayer and worship orto pray quietly on their own rfthey wlsh. The religious shop does not ask for payment for those items that have to be bought in. We continue to provide communion wafers and linens for local churches, for which payment is received to cover the cost of materlals and cottons etc. We recelve emails, phone calls etc. daily from people needed to ask for prayers for urgent needs or mainly just to talk and be listended to, often for long period5 of time, for problems in life or Just lonellness. We have given short term accommodation to individuals moving house until the next one Is ready rather than be homeless.
CARMELrrE MONAsfERY REPORT OF THE TRUSTEES. FOR THE YEAR ENDED 31ST DECEMBER 2024 Fundraising activities during the year The religious shop has continued to open, the shop does not ask for payment from customers but generates income from donations in kind. The retreats and visitor accommodation a150 do not ask for payment, but generate income from donations in kind. The 8roup continue to provide altar breads and linens to local churches. Payment 15 received for these, but there is no intentional profit made from their sale - the purpose is to cover the costs of buying the materials and to cover the processing costs. The Charity receives general donations from visitors to the Chapel and grounds. The dlfference the charftvs perforniance during the year has made to the beneficiaries of the tharity and to wlder soclety. The Chapel continues to be a facility used by the public and local community, both a5 a religious focal point and also for events and attivities. The crematorium has remained open to all who wish to visi( and has continued to be place providing peace to the visitors, their loved ones and all those interred. The supply of altsr breads, cloths and artefarts provides a servio to local d)urches and missionaries. enabling them to perform their religious services. The altar breads and artefacts are provided both to Catholic and Protestant denomination& The retreats provided valuable support to those who vlsited, who were often in need of respite or care to improve their wellbeing. Elderly patients receive a good standard of care outside a hospitsl environment, and it has allowed many of its users to stay in the community for longer, thus enhancingtheir quaityof life.
CARMELITE MONASTERY REPORT OF THE TRUSTEES. FOR THE YEAR ENDED 31ST DECEMBER 2024 ststement of Trustees, Responslblltles The Trustees are respon51ble for preparing the Trustees, report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law appllcable to charities In En8land and Wales requlre5 the Trustees to prepare financial statements for each flnanclal year which give a true and falr view of the State of affaSrs of the Charity and of the Incoming resources and appllcatlon of resources of the Charlty for that year. In preparing these flnanclal statements the Trustees are requlred to: • select suitable accounting pollcles and then apply them cons15tentlv; • observe the methods and prlnciples Sn the Charities SORP, C* make Judgements and estimates that are reasonable and prudent; prepare the financlal statement on the on8oln8 concern basls unless It Is Inappropriate to presume that the charlty wlll ontSnue In operatlon. The Trustees are responslble for keeplng proper accountlng records that disclose wlth reasonable accuracy at any tlme the flnanclal posltlon of the charlty and enable them to ensure that the flnancial statements comply wlth the Charltles Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and the provlslons of the Charlty's constlutlon. They are also responslble for safe8uardln8 the assets of the Charity and hence for taklng reasonable steps for preventlon and detectlon of fraud and other IrreRularltles. Thls report was approved by the Carmellte Monastery trustees on 15th September 2025 and Is slgned on thelr behalf by: L.B. Lltchfleld A.P. Dodd
CARMELrrE MONASTERY REPORT OF TriÉ TRUSTEES, FOR THE YEAR ENDED 31ST DECEMBER 2024 Finan¢lal Revlew The financial position of the charity as at 31st December 2024 as more fully detailed in the accounts, can be summarised as follows: 2024 2023 Income Expenditure Profit/lLossl on Revaluation of Investments Net Surplus/lDeficlt) 181,037 1174,4501 82.598 89.185 184,139 1168.923) 55,994 71,210 Unrestricted Funds Restrirted Funds Total Funds 521,030 431,845 521,030 431,845 The trustees consider the financial performance to have been satisfactory. The financial perfomiance of the Charity is fundamentally underpinned by the investment trust. The perfonnance of the investment trust's underlying assets is highly variable depending on wider financial market conditions, and this can result in uneven gains and losses. The investments are invested in a balanced portfolio. but one that is mostly consisted of equities. There was a profit in the current year, and it would be expected that overall the investments would inuease in value displte some volatility in the prior year. Reserves Policy The trustees aim for the Charity to retain enough reserves to cover outstsnding liabilities at all times, and to be able withstand variations in the investment portfolio gains and losses. The board of trustees 15 5ati5fied that the charity's assets in each fund are available and adequate to fvlfil its obligations.
CARMELITE MONAsfERY REPORT OF THE INDEPENDENT EXAMINER TO THE TRusfEES FOR THE YEAR ENDED 31sr DECEMBER 2024 A5 a practising member firm of the Association of Chartered Certified Accountants, we are subjett to its ethlcal and other professional requlrements which are detailed at httP://rulebook.acca8lobal.com/ I report on the accounts of Carmelite Monastery for the year ended 31st December 2024, which are set out on pages 8 to 14. Respective Responsibllitles of Trustees and Examlner The charity's trustees are responslble for the preparation of the accounts. The charity's trustee5 consider that an audit is not requlred for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examinatlon Is needed. It is my responsibillty to: • examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in thegeneral Dirertions given by the Charity Commlsslon under section 145(5llbl of the 2011 Act; and to state whether particular matters have come to my attentlon. Basls of the Independent Examlnerfs Report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examlnatlon includes a review of the accounting records kept bythe charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual item5 or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit and consequently no opinion isgiven as to whetherthe accounts present a *rue and fair view, and the report is limited to those matters set out In the statement below. Independent Examlnees Statement In connectlon with my examination, no matter has come to my attention: l. which glves me reasonable cause to believe that in any material respect, the requirements: o to keep accounting records in accordance with sectlon 130 of the 2011 Act; or to prepare accounts which accord with the accounting records; or concerning the form and content of accounts set out in the Charltles (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a 'true and falr, vlew which is not a matter considered as part of an independent examination. have not been met; or 2. to which, in my opinion, attention should be drawn In order to enable a proper understanding ofthe accounts to be reached. Mlchael Richmond FCCA on beholf of Champleys Chartered Certlfied Accountants Champleys Mews Market Place Pickering Y018 7AE 15th September 2025
CARMELrrE MONAsfERY srATEMENT OF FINANC ACTivmES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Unrestrfcted Restrirted 2023 Total Total Income Donatlons and Legacies Charitable Activities Events and Trading Activities Investment Income Sundry Income 19,606 103.773 7,463 50,195 19.606 103,773 7.463 50,195 21,915 94.331 6,045 60,831 1,017 Total Income 181,037 181,037 184,139 Expendlture Charitable Activities Fundraising Governance and Support Costs Other Charges Total Expendlture 159,229 10,115 5,106 159,229 10,115 5.106 144,920 10,776 13.227 174.450 174.450 168,923 Profrtl(Loss) on Revaluation of Investments 82,598 82,598 55,994 Net Movement In Funds 89.185 89,185 71,210 Reconclllatlon of Funds Total Funds Brought Forward 431,845 431,845 360.635 Total Funds Carried Forward 521,030 521,030 431,845
CARMELrrE MONASTERY BALANCE SH£Ef AS AT 31ST DECEMBER 2024 2024 Restrfded 2023 Total Unrestrfrted Total Fixed asset5 and investments 1,679,878 1,679,878 330,729 1,597,280 Current assets 330,729 380,591 Credltors: amounts falling due wlthln one year Total assets less current liabilitles io 1,488,582 1,488,582 1,545,184 522,025 522,025 432,687 Accruals and deferred Income li 995 995 Net assets 521,030 521,030 431,845 Charlty Funds 12 521,030 521,030 431,845 51gned by the following trustees on behalf of all the trustees: &. f /q. Sr. Brldget Lltchfleld Approved on 15th September 2025 5r. Rose Harwar Approved on 15th September 2025
CARMELITE MONAsfERY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Bas1$ of Preparatlon Basls of Accountlng These accounts have been prepared under the historical cost conventlon with items recognlsed at cost or transaction value unless otherwise stated in the relevant note(s} to these accounts. The accounts have been prepared in accordance wlth: the Statement of Recommended Prattice: Accounting and Reportlng by Charitles preparlng thelr accounts In accordance with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland {FRS 1021 Issued on 16 July 2014 the Financial Reportlng Standard applicable In the Unlted Klngdom and Republic of Ireland {FRS 102) • the Charlties Act 2011 The charlty constltutes a publlc benefit entlty as defined by FRS 102. Golng Concern The accounts are prepared on a 8oln8 concern basis. Change of Attountlng Pollcy and Accountlng Estlmat¢$ The accounts present a true and fair vlew and no chan8es have been made to the accountlng pollcles adopted Sn note l. No chan8es to accountlng estlmate5 have occurred in the reportlng perlod {3.46 FRS102 SORP). Materlal Prfor Year Errors No materlal prlor year error have been Identlfled In the reportln8 perlod (3.47 FRS102 SORPI. Accountlng Polldes- Income Recognltlon of Income These are Included in the Statement of Flnanclal ArtSvltles ISOFAI when: • the charity becomes entltled to the resources 9 St Is more Ilkely than not that the trustees wlll recelve the resources • the monetary value can be measured wlth sufflcient rellablllty Offsettln8 There has been no offsettlng of assets and liabllities, or Income and expenses, unless requlred or permltted by the FRS 102 SORP or FRS 102. Grants and Donatlons Grants and donatlons are only Included In the SOFA when the general Income recognltlon crSterla are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, Income must only be recognlsed to the extent that the charlty has provided the specifled goods or services a5 entitlement to the grant only occurs when the performance related condltlons are met15.16 FRS 102 SORP). Legacles Legacies are included In the SOFA when re¢elpt Is probable, that 15, when there has been grant of probate, the executors have establlshed that there are sufficlent assets in the estate and any conditions attached to the legacy are elther within the control of the charlty or have been met. Tax reclalms on donatlons and glfts Gift Aid recelvable Is included in income when there is a valid declaration from the donor. Any Gfft Ald amount recovered on a donatlon Is considered to be part of that gift and is treated as an addition to the same fund as the inltial donation unless the donor or the terms of the appeal have specified otherwise. io
CARMELrrE MONAsfERY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Accountlng Polkles- Income lrtd.) Contractual Income and Performance Related Grants Thi5 is only induded in the SOFA once the charity has provided the related goods or services or met the performance related conditions. Donated Goods, Servlces and Facllltles Donated good5, service5 and facilities are measured at falr value (the amount for whlch the asset could be exchanged) unless Impractlcal to do so. Volunteer Help The value of any voluntary help received Is not induded In the accounts but Is descrft*d In the trustee annual report. Income from Interest, royaltles and dfvldends Thls is Included In the accounts when receipt Is probable and the amount receivable can be measured rellabty. A¢countlng Polldes- Expendlture and Uabllltes Uablllty Re¢o8nltlon Liabillties are reco8nised where It Is more Ilkely than not that there Is a legal or constructlve obll8ation commlttln8 the charlty to pay out resources and the amount of the obll8atlon can be measured wlth reasonable certainty. Governance and Support Costs Support costs have been allocated between governance costs and other Support. Governance costs comprlse all costs Involvln8 publlc accountabllity of the charlty and its compllance wlth re8ulatlon and good practSce. Grants Where the charfty gives a grant wlth conditions for its payment being a specific level of servlce or output to be provlded, such grants are only recognised In the SOFA On the recipient of the 8rant has provlded the speclfied senAce or output. Where there are no conditlons attachlng tothe grant that enables the donor charlty to reallstlcally avold the commitment, a liabillty for the full fundlng obligation must be reco8ni5ed. Redundancy Cost The charlty made no redundancy payments during the reporting period. Provlslons for Llabllltles A liability is measured on recognition at its hSstorlcal cost and then subsequently measured at the best estimate of the amount requlred to settle the obligation at the reporting date. Bask Flnanclal Instruments The charity accounts for basic financial instruments on initial recognltlon as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. li
CARMEUTE MONASTERY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DÉCEMBER 2024 A¢countln8 Poll¢les- Assets Fixed Assets for use by Charlty These are capitali5ed if they can be used lor more than one year, and cost at least £250. They are valued at cost and depreciated on a 20% reducing balance basis. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unllsted investment5 unle55 fair value cannot be measured reliably in which case it is measured at cost less impalrment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than I vear are treated as current asset investments. Stocks and Work In Progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. G(d$ or service5 provided as part of a charitable activity are measured at net realisable value based on the servlce potential provided by items of stock. Work in progress Is valued at cost less any foreseeable10sS that Is Ilkely to occur on the contract. Debtors Debtors {including trade debtor5 and loans receivable) are measured OD initial recognition at settlement amount after any trade discounts or amount advanced by the charlty. Subsequently, they are measured at the cash or other consideration expected to be received. Income from Interest, royaltles and divldends Thls is Included In the account5 when receipt is probable and the amount receivable can be measured reliably. 12
CARMELITE MONASTERY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Restrlcted 2023 Total Unrestrlcted Total INCOME l Donations and Legacies General Donations 19,606 19.606 19,606 19,606 21,915 21.915 2 Charltable Artlvltles Altar Bread and Linen Sales Donations from Retreats 100.889 2,884 103,773 IIM),889 2,884 103,773 92,006 2,325 94,331 3 Events and Tradlng Actlvltles Shop Sales and Oonation5 7.463 7,463 6,045 4 Investment Income Dividends Interest Rental and REIT Income Gain/(Loss) on Sale of Investments 42,980 715 6,500 42,980 715 6,500 29,629 15,289 9,345 6,568 60,831 50,195 50,195 EXPENDITURE 5 Charltable Actlvltles Alm5, Gifts and Donations Altar Bread Purchases Chapel and Grounds Malntenance Faith Related Actlvitles and Promotion Infirmary and Care Provision Maintenance of Facilities for Retreats Staff Costs Relatlng to Charitable Activities 21,007 67,050 20,387 10,376 21,007 67,050 20,387 10,376 16,545 69,156 10,191 9,851 8,430 31,979 159,229 8,430 31,979 159,229 7,197 31,980 144,920 6 Fundralslng Investment Management Charges Shop Purchases 8,502 1,613 10,115 8,502 1,613 10,115 7,699 3,077 10,776 7 Governance and Support Costs Bank Charges Office Equipment and Supplies Legal and Professional 2.026 1,832 1,248 5,106 2,026 1,832 1,248 5,106 1,980 2,297 8,950 13,227 13
CARMELrrE MONAsfERY NOTES TO THE Accoumfs AS AT 31ST DECEMBER 2024 8 Investments Current Year 2024 B/Fwd Added Sold ProfiV(Loss C/Fwd Inve5tec Portfollo 1,597,280 82,598 1,679,878 1,597,280 82,598 1,679,878 Prlor Year 2023 B/Fwd Added Sold Profit/lLossl C/Fwd Investec Portfollo 1,564,782 154,778 184,842 62,562 1,597,280 1,564,782 154.778 184.842 62,562 1,597,280 2024 2023 Unrestrlcted Restricted Total Total 9 Current assets Natwest Current Account Investec Capltal Cash Account 311,259 19,470 311,259 19,470 352,619 27,972 330,729 330,729 380,591 10 Current Llabllltes Loan from Carmelltes 1,488,582 1,488,582 1,545,184 1,488,582 1,488,582 1,545,184 11 A¢rruals and deferred Income Accruals 995 995 842 995 995 12 Charlty Funds Current Year 2024 BIFwd Income Ex endlture Revaluatlon C/Fwd Unrestricted Funds 431,845 181,037 (174,4501 82,598 521,030 431,845 181,037 (174,4501 82,598 521,030 Prlor Year 2023 B/Fwd Income Ex ndlture Revaluatlon C/Fwd Unrestrlcted Funds 360,635 184,139 (168,9231 55.994 431,845 360,635 184,139 (168,923) 55,994 431,845 13 Trustees. Expenses and Related Party Transactlons The trustees are members of the Carmelite Or8anisation, which has loaned money to the Charity (2024 . £1,488,582, 2023: £1,545.1841. There is no interest tharged on the loan, and no benefit to the Carmelite organlsation or it5 participants have been derived from IL Where a transaction's benefits have been derived both by the Charlty and the Twstees lor connected particlpants}, these benefits are apportioned on a fair basis between the parties such that there should be no net benefit between the parties. 14