Charity registered number 1190611
St Oswald's Community (Charitable Incorporated Organisation)
Annual Reports and Financial Statements
For the year ending 31 December 2024
**St Oswald's Community Company Information**
**Charity number** 1190611 **Date of registration** 28th July 2020 **Start of financial year** 1st January 2024 **End of financial year** 31st December 2024 **Trustees at 31 December 2024** Rev Phil Stone Sister Jocelyn Carter (resigned 6th March 2024) Sheila Thompson Rachel Woods Trevor King Rev Marion Wright **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 today's 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.
## **Bankers**
The Co-operative Bank plc 1 Balloon Street Manchester M60 4EP
## **Correspondence Address**
Scargill House Kettlewell Skipton North Yorkshire BD23 5HU
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## **St Oswald's Community (Charitable Incorporated Organisation) Trustees' Report For the year ended 31st December 2024**
As mentioned in last years accounts: "..., 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 to guests in November 2023 with the community leaving the premises in January 2024. 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 will emerge."
St. Oswald's Community is no longer 'gathered', but rather 'dispersed'. The Community met together on several occasions in 2024, including at a residential in October. Rapidly and unanimously the members of the Community wanted to remain together at least in the short term, and they are exploring a ministry which includes Quiet Days, Retreats and Pilgrimages.
## **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. The CIO shall have a minimum of three trustees and a maximum of six. The trustees meet regularly to review progress.
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.
## **Risk**
The trustees regularly review the risks which face the charity. As the charity is not currently active no annual budget has been prepared for 2025.
## **Financial review**
Following the cesation of active trading the 2024 accounts include the cost of closing the activities in Sleights and show a net deficit of £30512. This has been funded from surpluses in previous years. The trustees are confident that sufficient funds have been reatined to meet on-going costs as they arise. As the CIO is not currently active no further donations are being sought at this time.
## **Future plans**
The future of the CIO is currently uncertain and no definite plans have been made for 2025 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, she resigned in March 2024.
Page 2
**St Oswald's Community (Charitable Incorporated Organisation) Trustees' Report For the year ended 31st December 2024**
## **Trustees' responsibilities**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable Law and the Generally Accepted Accounting Principles (GAAP) including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to:
- Select suitable accounting policies and apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in existence.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Governing Document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## 25 March
Approved by the trustees on __________________________ 2025
Signed on their behalf by trustee ______________________________S Thompson Sheila Thompson
Page 3
## **St Oswald's Community (Charitable Incorporated Organisation) Statement of Financial Activities For the year ended 31st December 2024**
|Unrestricted
**Notes**
funds
**£**
**INCOMING RESOURCES**
**_Incoming resources from generated funds_**
Gift aid tax recovered
5
Gifts and donations
898
903
**_Charitable activities_**
Guest income
-
**_Investment income_**
Interest
1,018
**TOTAL INCOMING RESOURCES**
1,921
**RESOURCES EXPENSED**
**_Costs of generating funds_**
Cost of charitable activities
3a
30,484
Governance costs
3b
-
**TOTAL RESOURCES EXPENSED**
30,484
NET OUTGOING RESOURCES
(28,563)
Funds brought forward
69,173
**TOTAL FUNDS CARRIED FORWARD**
40,610|Designated
funds
**£**
-
-
1,949
-
1,949
(1,949)
1,949
-|Restricted
funds
**£**
-
-
-
-
-
-
-|**Total**
**2024**
**£**
5
898
903
-
1,018
1,921
32,433
-
32,433
(30,512)
71,122
40,610|**Total**
**2023**
**£**
3,884
27,560
31,444
103,749
654
135,847
128,582
1,150
129,732
6,115
65,007
71,122|
|---|---|---|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. Designated and restricted funds all relate to the Roots and Shoots project
The notes on pages 6 to 10 form part of these financial statements.
Page 4
## **St Oswald's Community (Charitable Incorporated Organisation) Balance Sheet as at 31st December 2024**
|**_Unrestricted funds_**
**Notes**
**2024**
**£**
**Fixed assets**
Tangible assets
2
-
Investments
4
-
**Current assets**
Debtors and prepayments
6
-
Cash at bank and in hand
5
40,610
_Total current assets_
40,610
Creditors: falling due within 1 year
7
-
TOTAL ASSETS less current liabilities
40,610
Creditors: falling due after 1 year
8
-
**NET ASSETS**
£40,610
**Funds of the charity:**
General funds
40,610
Designated funds
-
Restricted funds
-
**TOTAL FUNDS**
£40,610
Approved by the trustees on __________________________ 2025
Signed on their behalf by trustee ______________________________
Sheila Thompson|**_Total_**
**2023**
**£**
-
-
5,301
69,163
74,464
3,342
71,122
-
£71,122
71,122
-
-
£71,122|
|---|---|
Page 5
**St Oswald's Community (Charitable Incorporated Organisation) Notes to the financial statements For the year ended 31st December 2024**
## **1 Accounting policies**
## _**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.
## _**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
## _**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**_
Page 6
## **St Oswald's Community (Charitable Incorporated Organisation) Notes to the financial statements For the year ended 31st December 2024**
The value of any voluntary help received is not included in the accounts
## _**Investment Income**_
This is included in the accounts when receivable.
## _**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.
## _**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.
## **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 & capital commitments are as follows:
31st December 2024 nil 31st December 2023 nil
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## **St Oswald's Community (Charitable Incorporated Organisation) Notes to the financial statements For the year ended 31st December 2024**
|Note
**3 RESOURCES EXPENSED**
a) **_Cost of charitable activities_**
Administrative expenses
Cleaning costs
Costs of closure
Computer & software costs
Conference costs
Equipment costs
Food costs
Garden expenses
Insurance costs
Library costs
Ministry expenses
Office costs
Pension contributions
10
Postage & packaging
Project costs
Rent & rates
Repairs & maintenance
Staff costs
10
Telephone costs
Travel & subsistence
Utility costs
b) **_Governance costs_**
Independent examiners fees
Legal & professional fees|Unrestricted
funds
**£**
12
-
2,612
548
2,722
-
932
-
163
-
407
89
2,756
34
-
602
-
109
18,224
25
1,218
1,235
30,484
-
-
-|Designated
funds
**£**
1,949
1,949
-|Restricted
funds
**£**
-
-|**Total**
**2024**
**£**
12
-
2,612
548
2,722
-
932
-
163
-
407
89
2,756
34
1,949
602
-
109
18,224
25
1,218
1,235
32,433
-
-
-|**Total**
**2023**
**£**
387
2,016
-
789
-
10,583
17,725
3,151
1,320
163
2,844
487
8,265
43
23,398
1,039
6,192
30,124
692
45
19,319
128,582
900
250
1,150|
|---|---|---|---|---|---|
Page 8
**St Oswald's Community (Charitable Incorporated Organisation) Notes to the financial statements For the year ended 31st December 2024**
## **4 Investments**
The CIO held no fixed assets investments during this or the previous financial period.
## **5 Cash at bank and in hand**
|_Unrestricted_
_funds_
_2024_
Cash at bank and in hand
£40,610
**6**
**Debtors and prepayments**
Sundry debtors
£0
**7**
**Creditors: amounts falling due within 1 year**
Guest deposits
-
Independent examiners fees
-
Sundry creditors
-
£0|_Unrestricted_
_funds_
_2023_
£69,163
£5,301
320
900
2,122
£3,342|
|---|---|
## **8 Creditors: amounts falling due after 1 year**
The CIO held no long term liabilities during this or the previous financial period.
## **9 Net assets between funds**
All funds held during the year comprised unrestricted funds
## **10** Staff costs and numbers
|Gross wages, salaries and fees
Redundancy payments
Employers' NI contributions
Pension contributions
Employees who were engaged in each
Charitable activities|5,860
30,124
12,364
-
-
2,756
8,265
£20,980
£38,389
of the following activities:
5.5
5.5|
|---|---|
The Charity operated a PAYE Scheme to pay all employed members of staff, this was closed during 2024 and no members of staff received emoluments of over £60,000. (2023:None)
## **11 TRUSTEES AND OTHER RELATED PARTIES**
During the year a total of £505 was paid as travel expenses to two trustees and £2690 was paid to the Scargill Movement for residential conference facilities on terms similar to other users. No material transaction took place between the organisation and a trustee or any person connected with them.
## **12 Risk assessment**
Page 9
**St Oswald's Community (Charitable Incorporated Organisation) Notes to the financial statements For the year ended 31st December 2024**
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.
## **13 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.
## **14 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.
Page 10