**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. R￿ponSIbIlitIeS 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 Page 7 **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... Page 9 **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... Page 10 **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... Page 11 **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... Page 12 **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... Page 13 **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... Page 14 **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| |---|---|---|---|---| Page 15 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. Page 16