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2022-03-31-accounts

Wayfarers Monastery Annual Report

1st April 2021 to 31st March 2022

Wayfarers: A Christian community practicing Justice, Hospitality and Prayer

Our Mission is to embody Luke 4, shaping a community that can be catalyst for economic and social renewal across our local community.

We are a Christian community embedded within The Grace Network (TGN) based at Brimscombe Mill. We share the same the vision as TGN, our members serve and support the Grace Network community and its affiliated social enterprises.

With our core practises of Prayer, Justice (social justice) and Hospitality we aspire to find a way of life that changes not just ourselves but those around us.

Developments and Activities of past year (April 21 to 31st March 22)

Summary of year

Wayfarers has been instrumental in enabling the transition of The Grace Network community from Brimscombe Port to Brimscombe Mill. That journey is still unfolding, our chapel space is still unbuilt, our library and learning space is still not fully developed and yet we are growing and putting down deeper roots spiritually

We have opened up a new physical space for Grace network community. Since moving to Brimscombe mill we have had a growing number who are engaging with us spiritually having made greater community connections through the renovation work.

Wayfarers Monastery Registered Charity No. 1184987 Contact: ed@wayfarerscommunity.co.uk The West Suite, The Mills, Brimscombe Port, Brimscombe Hill, Brimscombe, GL5 2QG

Our Sunday worship has been constant at around fifty (including children). Whilst we believe this will ultimately grow, our focus and energy and focus has continued to be in the Monday to Friday spirituality and life of Brimscombe Mill. Though there are many challenges ahead we are thankful for God’s abundant faithful provision at every point of the journey so far.

Financial Review

Wayfarers is currently funded by a combination of grants from the Diocese of Gloucester and Sylvanus Trust and from financial donations from the community members and other individuals. and groups. Total funds have reduced from approximately 41k to 19k. As grant funding comes to an end in the coming year Wayfarers is looking to increase giving levels whilst reducing expenditure as Ed Sauven undertakes different work for The Grace Network. We have a target of thirty thousand per annum giving from within the community to sustain Ed’s role within Wayfarers and to support the various wider ministries of Wayfarers and to practically support those in need of assistance within TGN and beyond. We are working towards achieving the goal of financial sustainability .

What are the next steps for Wayfarers in the coming year

We are adapting and shifting, our ultimate vision of founding a monastic community that serves across the grace network is unchanged however the way we move forward is always evolving.

Our recently revised mission statement highlights our most recent iteration of our next steps. Our understanding of our core identity from a focusing on our core practices of Justice, hospitality and prayer is shifting to a broader understanding of our new monastic community as ‘a school of change’. Our challenge and encouragement to the TGN community and beyond is that deep change can only be spiritual.

We have broadened our goals to three core objectives each with associated goals.

Current Trustees

Current Trustee’s : Will James (Chair), Natalie Burfitt, Andy Wilson, Tim Lee

Wayfarers Monastery Registered Charity No. 1184987 Contact: ed@wayfarerscommunity.co.uk The West Suite, The Mills, Brimscombe Port, Brimscombe Hill, Brimscombe, GL5 2QG

Summary of Financial Accounts: 31st March 2022

Registered Charity Number 1184987

Wayfarers Monastery Registered Charity No. 1184987 Contact: ed@wayfarerscommunity.co.uk The West Suite, The Mills, Brimscombe Port, Brimscombe Hill, Brimscombe, GL5 2QG

Wayfarers Monastery

Independent Examiner's Report to the Trustees of Wayfarers Monastery

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items 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 is given as to whether the accounts present 'a true and fair view' and the report is limited to those matters set out in the statements below.

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 which gives me cause to believe that in, any material respect.

RiverView Portfolio Limited Chartered Management Accountants 1 Market Hill Calne Wiltshire SN11 0BT

Date: 19/12/2022

Wayfarers Monastery

Receipts and payments accounts

for the Year Ending 31st March 2022

INCOMING RESOURCES
Incoming grants from generated funds
Voluntary Income
Other income
Government grant
Total incoming resources
RESOURCES EXPENDED
Costs of generating funds
Fundraising and Publicity Costs
Charitable activities
Guest support services and activities
Support & Management Costs
Governance costs
Total resources expended
Net Income/(Expenditure) for the year
RECONCILIATION OF FUNDS
Total Funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
Funds
Year Ended 31st
March 2022 Total
Funds
Year Ended
31st March
2021 Total
Funds
35,470
35,470
39,885
0
0
1,359
35,470
35,470
41,244
0
0
1,500
34,809
34,809
17,007
2,254
2,254
2,029
219
219
78
37,282
37,282
20,614
(1,812)
(1,812)
20,630
20,630
20,630
20,630
18,818
18,818
41,260

Wayfarers Monastery

Statement of assets and liabilities at 31st March 2022

Statement of assets and liabilities
at 31st March 2022
Notes
CURRENT ASSETS
Debtors: amounts falling due within one year
1
Cash at bank
Prepayments
CREDITORS
Amounts falling due within one year
2
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS/(LIABILITIES)
FUNDS
3
Unrestricted funds
TOTAL FUNDS
2022
2021
209
184
20,480
23,050
138
134
20,827
23,368
(1,483)
(2,212)
(1,483)
(2,212)
19,344
21,156
19,344
21,156
19,344
21,156
18,818
41,260
18,818
41,260

Wayfarers Monastery

Detailed Receipts and payments accounts

for the year ended 31st March 2022

Detailed Receipts and payments accounts
for the year ended 31st March 2022
INCOMING RESOURCES
Voluntary Income
Gift Aid
Tithes
Church Donations
Other Donations
Other Income
Furlough
Total incoming resources
2022
2021
4,441
£
991
£
6,200
£
15,321
£
2,105
£
2,573
£
22,724
£
21,000
£
35,470
£
39,885
£
-
£
1,359
£
-
£
1,359
£
35,470
£
41,244
£

Wayfarers Monastery

Detailed Receipts and payments accounts continues

for the year ended 31st March 2022

RESOURCES EXPENDED
Fundraising and Publicity Costs
Publicity Costs
Charitable activities
Wages
Staff Training
Food for Guests
Other Costs
Governance costs
Professional Fees
Support and Management Costs
Insurance
Postage and stationery
Accountancy
Equipment
Subscriptions
Total resources expended
Net Income
2022
2021
-
£
1,500
£
-
£
1,500
£
32,456
£
16,086
£
-
£
78
£
1,379
£
312
£
974
£
531
£
34,809
£
17,007
£
219
£
78
£
219
£
78
£
433
£
105
£
42
£
158
£
1,140
£
1,140
£
34
£
357
£
605
£
269
£
2,254
£
2,029
£
37,282
£
20,614
£
1,812

20,630
£

Wayfarers Monastery

Notes to Assets and Liabilities

for the year ended 31st March 2022

Notes to Assets and Liabilities
for the year ended 31st March 2022
1. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and Accrued Income
2. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued Expenses
PAYE
National Insurance
Pension Liability
Student Loan
3. FUNDS
Unrestricted Funds
General Fund
Brought Forward General Funds
B/fwd from year end 2021
TOTAL FUNDS
2022
347
£
665
£
354
£
224
£
150
£
90
£
Incoming
Resources
Resources
Expended
Movement
in Funds
35,470
(37,282)
(1,812)
41,244
(20,614)
20,630
76,714
57,896
-
18,818