ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1190611
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal & Administrative Information |
|---|---|
| Pages 4 to 5 | Trustees' Report |
| Page 6 | Statement of Financial Activities |
| Page 7 | Balance Sheet |
| Pages 8 to 14 | Notes to the Financial Statements |
| Page 15 | Independent Examiner's Report |
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1190611 DATE OF REGISTRATION 28th July 2020 START OF FINANCIAL YEAR 1st January 2023 END OF FINANCIAL YEAR 31st December 2023 TRUSTEES AT 31ST DECEMBER 2023 Rev Phil Stone Sister Jocelyn Carter Sheila Thompson Rachel Woods Trevor King Rev Marion Wright (Appointed 20th November 2023) LEGAL STATUS Charitable Incorporated Organisation
GOVERNING INSTRUMENT
CIO - Association Registered 28th July 2020
OBJECTS
The objects of the CIO is to advance the Christian Faith, as expressed in the Apostle's Creed, for the benefit of the public by means of ministry of a community or communities of Christians whose shared lives in the fellowship of the Holy Sprit communicate the love of God revealed in Jesus Christ, and who live out a relevant and authentic expression of the Christian Faith in todays World through their life together in furtherance of the above objects, but not otherwise, the CIO has the power: a ) To occupy and use St Oswald's House, Woodlands, Sleights, Yorkshire and other land and premises and to organise activities at St Oswald's House or elsewhere for the purpose within the objects. b ) To establish, training and nurture at St Oswald's House or elsewhere an intentional community or communities of Christians from any part of the World. c ) To provide and assist in providing programmes, retreats, courses and activities designed to advance the Christian Faith by promoting and developing through the ministry of such Christian communities a deeper awareness and understanding of the Christian Faith and personal spiritual wellbeing.
CORRESPONDENCE ADDRESS Scargill House Kettlewell Skipton North Yorkshire BD23 5HU PRIMARY BANKERS The Co-operative Bank Plc 1 Balloon Street Manchester M60 4EP INDEPENDENT EXAMINERS Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2023
The third year of St. Oswald’s Community started where 2022 finished off, with no small degree of success in meeting people’s needs. The homely nature of St. Oswald's, both through the Community and the buildings, seems to have been the magnet that has meant so much to people, for both individuals and groups alike. A typical testimony: “In the relatively short time you were there you have impacted so many lives, sharing God's grace…. We were privileged to be … self-catering guests … and were so blessed by your loving welcome.”
However, in August 2023, the building from which the CIO had been operating was put on the market and subsequently sold by the Order of the Holy Paraclete, one of the members of the CIO. The CIO were not given the opportunity to buy the building in the time available, which was very disappointing and bewildering. The consequence is that the ministry of St. Oswald’s Community which our guests have repeatedly told us had been meeting their needs and had been thriving, in the form that it was currently known, had to close in November 2023 . What has been lost is a small pearl for the kingdom of God and a wonderful resource much needed in the challenging times in which we are living. The community has now dispersed and we wait to see what shoots of resurrection Oswald’s Community which our guests have repeatedly told us had been meeting their needs and had been thriving, in the form that it was currently known, had to close in will emerge.
Governance
The CIO has had three members: Scargill Movement (Charity Number 1127838, Company Number 6778628), The Chapter of the Order of the Holy Paraclete (Charity Number 271117, Company Number 1241044) and the Chairman of the Council. The first two members are each entitled to nominate two trustees. On 6th March 2024 the Chapter of the Order of the Holy Paraclete resigned as a member of the CIO and gave up their right to appoint trustees. The CIO shall have a minimum of three trustees and a maximum of six. The trustees meet regularly to review progress.
Risk
The trustees regularly review the risks which face the charity. An annual budget is prepared and the on-going financial position is reviewed at each trustees meeting.
Financial Review
During the year the CIO received total incoming resources of £135,847 set against which were resources expended totalling £129,732 leaving a surplus of £6,115 which is added to the surplus from the previous period leaving a total of £71,122 available to carry forward. These funds will be used to meet the costs of closing the ministry in Sleights and the trustees will consider the appropriate use of remaining funds in accordance with the guidance from the Charity Commissioners.
Of the funds received in the previous year and designated for the ‘Roots and shoots’ project £1,949 remained at the year-end and has been spent appropriately in the first months of 2024.
During 2023 £5,850 was received as restricted funds and has been spent during the year in accordance with the restriction placed by the donors.
The trustees are grateful to God and their supporters for the income received during the year. As the organisation is not currently operating the trustees felt it was not necessary to prepare a detailed budget for 2024 but continue to monitor the CIO’s financial situation and expect to meet all liabilities as they fall due.
The charity paid insurance premiums to indemnify the trustees from any loss arising from neglect or defaults of trustees or staff and any consequent loss.
Future Plans
The future of the CIO is currently uncertain and no definite plans have been made for 2024 or beyond.
Related Parties
Until January 2024 the organisation continued to occupy partially-furnished premises at Woodlands Sleights for which it paid a peppercorn rent to the Chapter of the Order of the Holy Paraclete, another member of the ClO. Canon P W Stone is director of Scargill Movement and Chairman of St Oswald's Community and Sister Jocelyn Carter is a trustee of Scargill Movement, a member of the Chapter of the Order of the Holy Paraclete as well as a trustee of St Oswald's Community.
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ST OSWALDE COMMUNITY ICharitstAe IncortK>rated Organisatsonl TRUSTEES. REPORT Icontlnued) FOR THE YEAR ENDED 31ST DECEMBER 2023 Truth88' RoepoMlbllltl88 The irLeeS are responsitAe prepariry Tnths. Rewxt a1 Its siatwwts in acCorln atvlcatle Law and trb8 Gefftrdly Accep1 AccoLffjtirrfJ pri IGWI •idLQiw Finarthl Rep)rtsng sndard 102.. Tr FinancK R8wrbn9 St84rd in UK and Rewt4K 1rdaNI Iuniiéd King1(xn Gen8ralty AtnI1) PraciLel. The Ch8ritEs Act 2011 requre tsusiees lo finartvl statenwts each fin8Thy81 year which give 8 irLE 8ThJ tsir vl8w of th8 Sta of èffèlrs ef ch) and cl th6 C40 Icf Ihai p. kn prep8ntYJ staiem8ntS th8 tru¥lee5 are required lo.. Seknt suitablp ar%1 them Ob5erv8 the meth(x15 wncwes In IhB antieS SORP.. MakejU(Igefflts and e5bmJtes that are rea5wai and Stale whether applrth UK At<XMmlirry siarKith Idk)d, $)Jt to any m8iedal departures dosed arKI eXained inlhefwwncial slaternwts,. Ftrep4r9 finan(1 Il ¢4)wrn Un rfl 1$ iP[0t9 to twumg that tho rjo ryI1 ¢tyr In ex15tence. The trLL5tees 4re re5pOwb keep"w 5ufficwl accourbtiryj that di5dc6e th re8sonatAe accur3cy 81 any time the nnanckgl posllh)n ol the charity and enab them to Ihai Ihe fina S)nts wilh the Chariles Aci 2011. the Charity lAC1Th18 4r Rep$) Re9&5 2CK8 and thè wovisiom d th& fA)vemirvJ Dment Ttw are 8180 fesKKJnb for safeguarding Ihe assels cl the chlY aTr1 f( the [yenOn and detectson Offr3 and othw Irr8oularltia& 26th March 2024 Apwoved tythe TrL*tse80n .................................. . ... Sned on their by Tnjsiee.......................................................................... ................................................. Printed Name.. Sheila Thp$On
ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Charitable Activities 3b Investment Income 3c TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2023 2022 £ £ £ £ £ 25,595 - 5,850 31,445 56,487 103,748 - - 103,748 104,500 654 - - 654 44 129,997 - 5,850 135,847 161,031 105,184 17,548 5,850 128,582 120,044 1,150 - - 1,150 750 106,334 17,548 5,850 129,732 120,794 23,662 (17,548) - 6,115 40,238 45,511 19,496 - 65,007 24,769 69,173 1,949 - 71,122 65,007 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 14 form part of these financial statements.
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ST OSWALDE COMMUNITY ICharitstAe IncortK>rated Organisatsonl BALANCE SHEET AS AT 31ST DECEMBER 2023 Totsl 31-D8c-23 Tot 31-D8c-22 Funds Funds Flxed A$5ets Tangibk Asseis Invegtmeni$ Tol* FIXAll•t$ cUrr•ntAJtr Debtors & PrepayThents C4sh ai Bank and In Hand Total Ctsrr•fit Ai80ts 5,301 69,164 74.464 69.164 74.464 78.099 78.099 ¢r•dltors.' tsllng (kn wthin >ear 10 1342 1342 13,092 NET CURRENT ASSETS 71.122 71,122 6&ry)7 TOTAL ASSETS I$trIn1 lialyithei 71.122 71.122 85.007 Cr•dltor¥'. Awounts fallin9 due kn rrwe than crn year 11 NET ASSETS 71,122 71,122 65,007 Fund¥ olthv Chatrty Gaw81 FUNJS De¥lgnale(J Fund$ R8slrScknJ Funds 69,173 1,949 09,173 1,949 45.511 19,496 Tol4 Fund¥ 71.122 71.122 65,007 26th March 2024 Apwovth1 Trttste8S1M ................................................................................................................................. Sned on th8Sr beha by Trusiee................................................. . Pdnled Name.. Sheila Thrpn
ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services have been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Reducing Balance Basis
2. TANGIBLE FIXED ASSETS
The CIO held no tangible fixed assets during this or the financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2023: None
31st December 2022: None
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gift Aid Tax Recovered Gifts & Donations 6 b) Charitable Activities Guest Income Volunteer Contributions c) Investment Income Interest |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2023 2022 £ £ £ £ £ 3,884 - - 3,884 8,324 21,710 - 5,850 27,560 48,163 25,595 - 5,850 31,445 56,487 103,748 - - 103,748 101,850 - - - - 2,650 103,748 - - 103,748 104,500 654 - - 654 44 654 - - 654 44 |
|---|---|
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
4. RESOURCES EXPENDED
| Note a) Cost of Charitable Activities Administrative Expenses Cleaning Costs Computer & Software Costs Equipment Costs Food Costs Garden Expenses Household Costs Insurance Costs Library Costs Ministry Expenses Office Costs Pension Contributions 13 Postage & Packaging Project Costs 5 & 6 Rent & Rates Repairs & Maintenance Staff Costs 13 Telephone Costs Travel & Subsistence Utility Costs b) Governance Costs Independent Examiners Fees 10 Legal & Professional Fees |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2023 2022 £ £ £ £ £ 387 - - 387 212 2,016 - - 2,016 3,143 789 - - 789 947 10,583 - - 10,583 3,849 17,725 - - 17,725 17,128 3,151 - - 3,151 3,217 - - - - 1,364 1,320 - - 1,320 1,041 163 - - 163 339 2,844 - - 2,844 1,427 487 - - 487 213 8,265 - - 8,265 7,983 43 - - 43 16 - 17,548 5,850 23,398 5,504 1,039 - - 1,039 612 6,192 - - 6,192 31,719 30,124 - - 30,124 22,951 693 - - 693 679 45 - - 45 - 19,319 - - 19,319 17,699 105,184 17,548 5,850 128,582 120,044 900 - - 900 750 250 - - 250 - 1,150 - - 1,150 750 |
|---|---|
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
5. DESIGNATED FUNDS
CUURENT FINANCIAL YEAR
| Roots and Shoots Project PREVIOUS FINANCIAL YEAR Roots and Shoots Project |
Balance Balance 01-Jan-23 Income Expenditure Transfers 31-Dec-23 £ £ £ £ £ 19,496 - 17,548 - 1,949 19,496 - 17,548 - 1,949 Balance Balance 01-Jan-22 Income Expenditure Transfers 31-Dec-22 £ £ £ £ £ - 25,000 5,504 - 19,496 - 25,000 5,504 - 19,496 |
|---|---|
The designated funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above.
6. RESTRICTED FUNDS
CUURENT FINANCIAL YEAR
| Roots and Shoots Project | Balance Balance 01-Jan-23 Income Expenditure Transfers 31-Dec-23 £ £ £ £ £ - 5,850 5,850 - - - 5,850 5,850 - - |
|---|---|
The restricted funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above.
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
7. INVESTMENTS
The CIO held no fixed assets investments during this or the financial period.
8. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 9. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ 69,164 - 69,164 78,099 69,164 - 69,164 78,099 Unrestricted Restricted Total Total Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ 5,301 - 5,301 - 5,301 - 5,301 - |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Guest Deposits Independent Examiners Fees Sundry Creditors |
Unrestricted Restricted Total Total Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ 320 - 320 4,873 900 - 900 750 2,122 - 2,122 7,469 3,342 - 3,342 13,092 |
|---|---|
11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the financial period.
12. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Funds Funds 31-Dec-23 31-Dec-22 £ £ £ £ - - - - 71,122 - 71,122 65,007 - - - - 71,122 - 71,122 65,007 |
|---|---|
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
13. STAFF COSTS AND NUMBERS
| TOTAL 2023 £ Gross Wages, Salaries & Fees 30,124 Employer's National Insurance Costs - Pension Contributions 8,265 38,389 Employees who were engaged in each of the following activities: TOTAL 2023 Charitable Activities 5.5 |
TOTAL 2022 £ 22,951 - 7,983 30,934 TOTAL 2022 5.5 |
|---|---|
The Charity operate a PAYE Scheme to pay all employed members of staff and no members of staff received emoluments of over £60,000. (2022:None)
14. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
15. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
16. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
17. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
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ST OSWALD'S COMMUNITY
(Charitable Incorporated Organisation)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of St Oswald's Community on the accounts for the year ended 31st December 2023 set out on pages 6 to 14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with 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 the 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 statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
Date: 5th April 2024
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