REGISTERED CHARITY NUMBER: 1179244
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2023
for
HOLLAND HOUSE CIO
Clifton-Crick Sharp & Co. Ltd Chartered Accountants
40 High Street Pershore Worcestershire WR10 1DP
HOLLAND HOUSE CIO
Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Cash Flow Statement | 7 |
| Notes to the Cash Flow Statement | 8 |
| Notes to the Financial Statements | 9 to 16 |
| Detailed Statement of Financial Activities | 17 to 18 |
HOLLAND HOUSE CIO
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The Objects of the Charity are:
The promotion of Christian education by the management of Holland House, Cropthorne as a Christian centre and place for individuals and groups to visit to develop their spirituality by means of retreats and conferences.
Public benefit: Achievement & performance
Holland House has had a full and successful year serving a wide range of visitors coming either to our planned events or in groups with their own programmes, plus individuals who have sought the rest and refreshment offered by this place. In 2023 we were pleased to accommodate 3,688 residential guests and 1,143 day visitors, plus 449 who came for our popular Afternoon Teas.
Retreats and opportunities for spiritual refreshment are central to our work. Through this year the regular offering of Christian worship has been strengthened and the relationship with local churches has been re-affirmed. The Friends of Holland House have continued their provision of Quiet Garden days and other events. But we also actively invite individuals and groups of other faiths and philosophies to benefit from time spent here, and welcome groups or organisations looking for an appropriate venue which will give time and space for discussion and reflection.
We have been pleased to receive many affirming comments from visitors who have appreciated not only the programmes arranged, but also the setting of Holland House, the warmth of welcome and the excellent hospitality provided by our staff. We have been grateful also to the Friends of Holland House, whose members frequently and voluntarily supplement the work of our paid staff in offering this welcome.
In March 2023 we said farewell to the Revd Ian Spencer, who served as our Warden from July 2008. In his work he brought Interfaith experience and encounter more clearly into the Holland House mix, and made prominent our commitment to do all things "In Harmony with Creation".
We were extremely pleased in July 2023 to welcome our new Warden, Helen Stanton, a theological educator with rich experience in spiritual direction, the encouraging of faith, hospitality and engagement with a range of charities. As well as being the spiritual lead, Helen heads up the executive management of the Charity.
Trustees at our meetings have regularly monitored finances, staffing requirements and the level of bookings. we have watched over the maintenance and heating of our buildings. We have sought to balance meeting the rising running costs in a year of higher inflation with offering attractive and competitive charges to visitors. While some regular users have hesitated in the face of increased residential costs, new groups of visitors have been secured. A new bursary scheme has been introduced allowing visitors to apply discounts. This scheme is primarily offered to people on low incomes, members of under-represented groups and first time retreatants.
We were glad also to engage a new voluntary Clerk to the Trustees, Jo Rammell. And looking to the future we will seek to identify appropriate professional advisers to support us in providing quality support of staff and the best possible service to the wide range of people we welcome here.
FINANCIAL REVIEW
Financial position
During the year income exceeded expenditure by £38,310 (2022 - income exceeded expenditure by £42,200) Interest received in the period amounted to £7,439 (2022 - £2,830).
At 31 December 2023, Unrestricted funds amounted to £261,454 (2022 - £210,969), including Designated Funds of £59,386 (2022 - £59,386). Restricted funds amounted to £9710 (2022 - £21,865). Total resources were £271,164 (2022 - £232,854).
Principal funding sources
The Charity is primarily dependent on guests visiting the house for its funding
Page 1
HOLLAND HOUSE CIO
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Investment policy and objectives
The Trustees consider that the Charity's funds should be maintained in the form of cash deposits that are readily available to meet unexpected expenditure either on repairs or to meet running costs in the event of a poor operating year. In line with this policy no stock market related investments are now held by the Charity.
Reserves policy
It is the policy of the Charity to maintain sufficient reserves within its unrestricted funds to cover around six months expenditure. It is the Trustees aim to reach this level of reserves over the period to end December 2026.
Principal risks and uncertainties
The Trustees have assessed the major strategic, business and operational risks to which the Charity is exposed, and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
FUTURE PLANS
The Charity continues to rebuild its position following the pandemic. It is currently assessing a property maintenance plan and developing a new 5 year strategic plan for the business.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Holland House CIO (the "Charity") was established on 18 July 2018, and on 18 September 2019 replaced the Registered Charity, Holland House (No. 504839) which was established on 19 December 1975. The Charity manages the building and operations of Holland House, Cropthorne which was bequeathed to Diocese of Worcester following the death of Lady Holland in 1946.
The Charity is governed by a board of six trustees. These comprise a nominee of Bishop of Worcester, two nominees of Worcester Diocesan Synod and three nominees of Friends of Holland House.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1179244
Principal address
Main Street Cropthorne Pershore Worcestershire WR10 3NB
Trustees
Bishop's Nominee
Paul West
Diocesan Synod Derek Valentine Hon. Nominees Treasurer Duncan Cadbury Friends of Holland House Nominees Rev'd Alma Organ Sue Perry Ven. Hayward Osborne
Re-appointed 21 January 2021;Chair 25 Feb - 31 Dec 2023. from 1 April 2021
Chair,resigned 24 February 2023
from 1 July 2021 from 21 January 2023 from 21 January 2023
Independent Examiner
Clifton-Crick Sharp & Co. Ltd Chartered Accountants 40 High Street Pershore Worcestershire WR10 1DP
Page 2
HOLLAND HOUSE CIO
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023
Approved by order of the board of trustees on 15 May 2024 and signed on its behalf by:
Ven. H Osborne - Trustee
Page 3
IndLpendent ExAminer's Repoi'l to the Ti'ustees of Ho118nd House CIO Indepen(loait examiner's report to the trustees ofHollThnd House CIO l iepoit to the charity ti'ustees on lliy examination of the accounts of Holland House CIO (the Tiust) for the year ended 31 December 2023. RponSIbIlitIeS and basi5 of J'¢poYt As the cli.ity trustees of the Trust you are responsible foi. the preparation of thB accounts itt accordance wilh the requireincnt5 of the Charities Act 2011 {'tlie Act,). I report in resi)eEt Df my exaniination af the TrLJ5t's accounts carried out under Section 14.% of the AGt and in carrying out my cxamination I havc followed all applicable Dircctions giveii by the Charity Cominission Ullder Section 145[5llb) of the Act. Intlependent ExHminer'5 StxtEment Since your charity's gr05s income exceeded £250,000 youi. examiner miist bc a nieiiibei. of a li8ted body. J cali confiriTJ that l am qiialifjed to undertake the exaJiiJiation becatisc l ain a member of the Lnstitute of Chartered Accountants in England ai)d Wales, which is one of the listed bodies. I have ¢oinpl6ted i)]y ¢xamination. l Gonfirm that no iiiaterial matteL'S hav¢ coine tti my attention in cojinection with tlie exaiiiination giving Jne cause to believe that in any material respect.. accounting re¢oixSs weve not kept tn Irspe¢t of the Trust as IEquired by Section 1.40 of the Act; or the 8CGOUllts do not accord with thost records,. or the accounts do not coinply with tlie applEcable requiremcnts concerning the form and content of acco¥nts set out 11) tlie Charities (Accounts and Repons) Regulations 2008 oiher than any requiiEiiient tliat tlie accounts give a triie and fair view, which is not a matter considered as part of an iiidependent exginirtation. I have tio coneei'ns and have come acTOSS no othei. Inatters ill coniiection with the exaniit]atiott to which att¢ntioll should be di'awn irt this report in 01.der to enable a proper undErstsndiiig of the accounts to be reached, Meinir Bird ACA Clifton-Cri¢k Sliai'p & Co. Ltd Chaitcred Accouiitants 40 Hi8EL Street Pei'sl)oir Worcestershire WRIO IDP Dat¢.. Page 4
HOLLAND HOUSE CIO
Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 2,554 Charitable activities Charitable activities 5 507,985 Other trading activities 3 31,281 Investment income 4 7,439 Total 549,259 EXPENDITURE ON Charitable activities Charitable activities 6 447,947 Raising 33,327 Total 481,274 NET INCOME/(EXPENDITURE) 67,985 RECONCILIATION OF FUNDS Total funds brought forward 210,969 TOTAL FUNDS CARRIED FORWARD **278,954 ** |
Restricted funds £ 8,378 - - - 8,378 20,553 - 20,553 (12,175) 21,885 9,710 |
31.12.23 31.12.22 Total Total funds funds £ £ 10,932 21,679 507,985 485,053 31,281 35,531 7,439 2,830 557,637 545,093 468,500 487,344 33,327 15,549 501,827 502,893 55,810 42,200 232,854 190,654 288,664 232,854 |
|---|---|---|
The notes form part of these financial statements
Page 5
HOLLAND HOUSE CIO
Balance Sheet 31 DECEMBER 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 4,866 CURRENT ASSETS Stocks 11 4,775 Debtors 12 8,100 Cash at bank and in hand 314,428 327,303 CREDITORS Amounts falling due within one year 13 (53,215) NET CURRENT ASSETS 274,088 TOTAL ASSETS LESS CURRENT LIABILITIES 278,954 NET ASSETS 278,954 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - 9,710 9,710 - 9,710 9,710 9,710 |
31.12.23 Total funds £ 4,866 4,775 8,100 324,138 337,013 (53,215) 283,798 288,664 288,664 278,954 9,710 **288,664 ** |
31.12.22 Total funds £ 4,829 7,733 2,023 298,466 308,222 (80,197) 228,025 232,854 232,854 210,969 21,885 232,854 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 May 2024 and were signed on its behalf by:
Ven. H Osborne - Trustee
D Valentine - Trustee
The notes form part of these financial statements
Page 6
HOLLAND HOUSE CIO
Cash Flow Statement FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.12.23 £ 27,750 27,750 (2,078) (2,078) 25,672 298,466 324,138 |
31.12.22 £ 72,119 72,119 (965) (965) 71,154 227,312 298,466 |
|---|---|---|
The notes form part of these financial statements
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HOLLAND HOUSE CIO
Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 DECEMBER 2023
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | |||
|---|---|---|---|
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 55,810 | 42,200 | |
| Adjustments for: | |||
| Depreciation charges | 2,041 | 2,001 | |
| Decrease in stocks | 2,958 | 249 | |
| (Increase)/decrease in debtors | (6,077) | 2,241 | |
| (Decrease)/increase in creditors | (26,982) | 25,428 | |
| Net cash provided by operations | 27,750 | 72,119 | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.1.23 | Cash flow | At 31.12.23 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 298,466 | 25,672 | 324,138 |
| 298,466 | 25,672 | 324,138 | |
| Total | 298,466 | 25,672 | 324,138 |
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
Page 8
HOLLAND HOUSE CIO
Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011 and "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)" (as amended for accounting periods commencing from 1 January 2019)
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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HOLLAND HOUSE CIO
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES - continued
Reserves policy
It is the policy of the Charity to maintain sufficient reserves within its unrestricted funds to cover around six months expenditure. It is the Trustees aim to reach this level of reserves over the period to end December 2026.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||||||
|---|---|---|---|---|---|---|
| 31.12.23 | 31.12.22 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | |||
| Donations | 1,822 | 5,233 | 7,055 | 19,012 | ||
| Gift aid | 732 | - | 732 | - | ||
| Grants | - | 3,145 | 3,145 | 2,667 | ||
| **2,554 ** | 8,378 | **10,932 ** | 21,679 | |||
| Grants received, included in the above, are as follows: | ||||||
| 31.12.23 | 31.12.22 | |||||
| £ | £ | |||||
| Other grants | 3,145 | 2,667 | ||||
| OTHER TRADING ACTIVITIES | ||||||
| 31.12.23 | 31.12.22 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | |||
| Restaurant | 7,608 | - | 7,608 | 8,980 | ||
| Bar sales | 11,552 | - | 11,552 | 13,277 | ||
| Gift shop | 12,121 | - | 12,121 | 13,274 | ||
| **31,281 ** | - | **31,281 ** | 35,531 | |||
| INVESTMENT INCOME | ||||||
| 31.12.23 | 31.12.22 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | |||
| Interest received | 7,439 | - | 7,439 | 2,830 |
Grants received, included in the above, are as follows:
3. OTHER TRADING ACTIVITIES
4. INVESTMENT INCOME
continued...
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HOLLAND HOUSE CIO
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
5. INCOME FROM CHARITABLE ACTIVITIES
| Activity Residential Visitors Charitable activities Day Visitors Charitable activities Room Hire Charitable activities 6. CHARITABLE ACTIVITIES COSTS Charitable activities |
31.12.23 £ 451,414 48,781 7,790 507,985 |
31.12.22 £ 433,719 46,554 4,780 |
|---|---|---|
| 485,053 | ||
| Direct Costs £ 468,500 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
| Trustees' expenses 8. STAFF COSTS Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Admin & catering staff |
31.12.23 £ 340 31.12.23 £ 228,248 (2,614) 19,831 245,465 31.12.23 19 |
31.12.22 £ - 31.12.22 £ 215,769 11,794 31,392 |
|---|---|---|
| 258,955 | ||
| 31.12.22 18 |
No employees received emoluments in excess of £60,000.
continued...
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HOLLAND HOUSE CIO
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,499 Charitable activities Charitable activities 485,053 Other trading activities 35,531 Investment income 2,830 Total 527,913 EXPENDITURE ON Charitable activities Charitable activities 480,435 Other 15,549 Total 495,984 NET INCOME 31,929 RECONCILIATION OF FUNDS Total funds brought forward 179,040 TOTAL FUNDS CARRIED FORWARD 210,969 10. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 January 2023 30,044 Additions 1,646 At 31 December 2023 31,690 DEPRECIATION At 1 January 2023 27,705 Charge for year 1,737 At 31 December 2023 29,442 NET BOOK VALUE At 31 December 2023 2,248 At 31 December 2022 2,339 |
Restricted funds £ 17,180 - - - 17,180 6,909 - 6,909 10,271 11,614 21,885 Fixtures and fittings £ 68,610 432 69,042 66,120 304 66,424 2,618 2,490 |
Total funds £ 21,679 485,053 35,531 2,830 545,093 487,344 15,549 502,893 42,200 190,654 232,854 Totals £ 98,654 2,078 100,732 93,825 2,041 95,866 4,866 4,829 |
|---|---|---|
continued...
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HOLLAND HOUSE CIO
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 11. STOCKS Food & Catering Heating Fuel Bar Goods for Re-sale 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Payments on account Trade creditors Taxation and social security Other creditors 14. MOVEMENT IN FUNDS Net movement At 1.1.23 in funds £ £ Unrestricted funds General fund 151,583 80,813 Fabric fund - designated 59,386 (12,828) 210,969 67,985 Restricted funds Donations 142 510 Prayer Hut 545 - General Garden 1,848 (1,680) Ashe Legacy 700 - The Den 2,510 - IT 100 (100) Bursary Fund 40 3,095 Hymn Books 2,000 - Bathrooms 14,000 (14,000) 21,885 (12,175) TOTAL FUNDS 232,854 55,810 |
31.12.23 £ 1,213 1,000 1,062 1,500 4,775 31.12.23 £ 8,100 - 8,100 31.12.23 £ 60,930 6,531 (19,826) 5,580 53,215 Transfers between funds £ (12,000) 12,000 - - - - - - - - - - - - |
31.12.22 £ 1,589 1,594 1,157 3,393 7,733 31.12.22 £ 1,655 368 2,023 31.12.22 £ 54,445 15,468 - 10,284 80,197 At 31.12.23 £ 220,396 58,558 278,954 652 545 168 700 2,510 - 3,135 2,000 - 9,710 **288,664 ** |
|---|---|---|
continued...
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HOLLAND HOUSE CIO
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fabric fund - designated Restricted funds Donations General Garden IT Bursary Fund Bathrooms Advertising TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Fabric fund - designated Restricted funds Donations Prayer Hut General Garden Ashe Legacy The Den IT Bursary Fund Hymn Books Bathrooms TOTAL FUNDS |
Incoming resources £ 549,259 - 549,259 4,933 - - 3,145 - 300 8,378 557,637 At 1.1.22 £ 119,654 59,386 179,040 142 545 4,203 700 3,884 100 40 2,000 - 11,614 190,654 |
Resources Movement expended in funds £ £ (468,446) 80,813 (12,828) (12,828) (481,274) 67,985 (4,423) 510 (1,680) (1,680) (100) (100) (50) 3,095 (14,000) (14,000) (300) - (20,553) (12,175) (501,827) 55,810 Net movement At in funds 31.12.22 £ £ 31,929 151,583 - 59,386 31,929 210,969 - 142 - 545 (2,355) 1,848 - 700 (1,374) 2,510 - 100 - 40 - 2,000 14,000 14,000 10,271 21,885 42,200 232,854 |
|---|---|---|
continued...
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HOLLAND HOUSE CIO
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds General Garden Perry Legacy The Den Bathrooms TOTAL FUNDS |
Incoming resources £ 527,913 964 2,216 - 14,000 17,180 545,093 |
Resources Movement expended in funds £ £ (495,984) 31,929 (3,319) (2,355) (2,216) - (1,374) (1,374) - 14,000 (6,909) 10,271 (502,893) 42,200 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Fabric fund - designated Restricted funds Donations Prayer Hut General Garden Ashe Legacy The Den IT Bursary Fund Hymn Books TOTAL FUNDS |
At 1.1.22 £ 119,654 59,386 179,040 142 545 4,203 700 3,884 100 40 2,000 11,614 190,654 |
Net movement in funds £ 112,742 (12,828) 99,914 510 - (4,035) - (1,374) (100) 3,095 - (1,904) 98,010 |
Transfers between funds £ (12,000) 12,000 - - - - - - - - - - - |
At 31.12.23 £ 220,396 58,558 278,954 652 545 168 700 2,510 - 3,135 2,000 9,710 288,664 |
|---|---|---|---|---|
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continued...
HOLLAND HOUSE CIO
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 1,077,172 Fabric fund - designated - 1,077,172 Restricted funds Donations 4,933 General Garden 964 Perry Legacy 2,216 The Den - IT - Bursary Fund 3,145 Bathrooms 14,000 Advertising 300 25,558 TOTAL FUNDS 1,102,730 ( |
Resources Movement expended in funds £ £ (964,430) 112,742 (12,828) (12,828) (977,258) 99,914 (4,423) 510 (4,999) (4,035) (2,216) - (1,374) (1,374) (100) (100) (50) 3,095 (14,000) - (300) - (27,462) (1,904) 1,004,720) 98,010 |
|---|---|
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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