Reglstered number- CE022872 Charlty number.. 1192577 THE JULIAN OF NORWICH PARTNERSHIP (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE JULIAN OF NORWICH PARTNERSHIP {A company Ilmlted by guarantee) CONTENTS Page Reference and administrative dgtails of the charitable Company> Its Tru$teo$ and advisers Trustggs. report Independent examlnerfs report Statement of flnancial activities Balanca shoet Notes to the financial statements 10-22
THE JULIAN OF NORWICH PARTNERSHIP {A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Sr C R Beckell The Right Rev'd P A Eagles, Chair lappoinled 1 March 2024) The Rev'd Canon A W Bryant The Rev'd Canon Dr P M Doll The Rev'd B T Faulkner (resigned 6 November 2024} H Green S M Snasdell P A Limmer lappoinled 29 January 20251 The Ven K N James C Sexton Helen Grogutt lappoinled 6 November 20241 Company registered number CE022872 Charlty registered number 1192577 Registered office The Julian Centre Rouen Road Norwich NR1 1QT Accountants MA Partners LLP 7 The Close Notwich Norfolk NR14DJ Page 1
THE JULIAN OF NORWICH PARTNERSHIP IA company Ilmlted by guarantee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial slalements of The Julian of Norwich Partnership Ilhe "charitable Companl'l for the year 1 January 2024 10 31 Dernber 2024. The Annual report serves the purposes of both a Trustees, report and a directors. report under company law. The Trustees confirm that the Annual report and financial slalements of the charitable Company Comply with the current stalulory requirements, the requirements of the charitable companls governing documenl and the provisions of the Slalemenl of Recommended Practice (SORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 {effeclive 1 January 20191. Since the charitable Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 Islralegic Report and Direclors, Report) Regulations 2013 has been omilled. Objoctives and activities a. Policies and obj9Ctives The objects of the charitable Company are.. {11 To advance the education of the public in general on the writings of Julian of Norwch as the first known female writer in English. {2} To advance the Christian religion for the benefit of the public through activities in accordan wth the statement of faith appearing in the schedule. In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance published by the Charity Corrimission relating lo public benefit, including the guidance 'Public benefit.. running a charity IPB21'. b. Strategies for achieving objactives To increase and sustain knoedge of the lrfe and writings of Julian of Norwich by offering resources, courses, study opportunities and training, and by working with others also engaging in the legacy of Julian of Norwich. To raise awareness and understanding of the religious beliefs, faith, life, and Chrislian heritage of Julian of Norwich by making the Julian Shrine known and available, providing welcome, hospilalily and information lo the public who visit and who make it a place of pilgrimage within the context of the mission and spirituality of the Anglican Catholic Iradilion. Activities undertaken to achieve objectives To achieve the charitable Companys objectives, the All Hallows Guesthouse, renovated and reopened in August 2022, continued to provide accommodation and hospitality lo residential guests and day groups. Books and other stock related lo Julian of Norwich were made available for sale, and the visitor centre I'Julian Centre'} was regularly opened lo the public. Talks about Julian's religious and literary significance were given both on and off- site lo groups from the locality, the UK and overseas. The Shrine welcomed school groups, and offered activities lo foster the wellbeing of the local community. Page 2
THE JULIAN OF NORWICH PARTNERSHIP IA company Ilmited by guarantge) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activltles (continued} d. Maln actlvltles undertaken to further the charitable Company's purposgs for the public beneflt All Hallows Guesthouse provides welcome and hospitality for residential guests of all faiths and none, from the UK and overseas, in a quiet and conlernplalive environment, with a Commitment lo ecological suslainabilily. The visitor centre offers welcome lo the public during ils regular opening hours, and is made available for hire by community groups and other local bodies. The charitable Companls educational work includes the provision of books and other resources connected with Julian of Norwich, and the facilitation of visits from school groups, young people, university students, candidates preparing for Christian ministry in a variety of denominations. tour parties, Christian groups and churches and others. Achievements and perfomance a. Maln achlevements of the charitable Company Followng the success of 2023's year-long programme of events and initialivos lo mark the 650th anniversary of the 'Shewings' received by Julian of Norwich in May 1373, the charitable Company was able lo further consolidate ils work during 2024 through providing accommodation and hospilalily lo resident and non-resident visitors, maintaining reference and lending libraries, organising events, talks and seminars lo improve understanding and awareness of Julian of Norwich, and making space available for community use. In ils second full calendar year of operation following reopening in August 2022, All Hallows Guesthouse welcomed 571 individual guests for a total of 1332 nights stayed during the year 2023, a 42.kn increase on the equivalent figures for the previous year, representing a second year of sustained growth. To support this continued growth, a second lay member of staff was recruited and began work for the charitable Company in February. Trading in the bookshop al the visitor centre I'Julian Cenlre'l helped lo fulfil the charitable Company's objectives in developing public understanding of Julian of Norwich, and also generated revenue lo enable the charitable Company to continue its work. The recruitment and training of volunteers lo facilitate the provision of welcome and service lo visitors enabled the charitable Company lo deliver ils objectives. Groups from around the UK and overseas were welcomed lo the Shrine for talks, tours and hospitality,. in January 2024, forty Anglican and Roman Catholic bishops, including the Archbishops of Canlerbury. York and Weslminsler. visited the Shrine during a 24 hour ecumenical gathering in Norwich. In conjunction with the Schools and Family Learning department at Norwich Calheéral, a short film about Julian of Norwich was produced for schools lo use during collective worship. Opportunities for the public lo understand more about Julian were also improved through the provision of large information panels in the visitor cenlre, intended lo give simple information about Julian's lrfe, conlexl, significance and leaching. To enhance the quality of the visitor experience, the charitable Company undertook further improvements lo the buildings and grounds which il leases from the Community of All Hallows, including a new boundary wall and external palio area, new steps to connect the Upper Shrine gardèn to the churchyard, and interior alleralions lo the Hospilalily Managerfs accommodation. Page 3
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and pgrformance (continued) The charitable Compar¢y has continued lo inve51 in local businesses, craftspeople and tradespeople through its commissioning of high-quality products for sale, bespoke artwork, and material changes lo the guest environment. Of particular note was the commissioning of a painting of Julian of Norwich, in oil on wood, by Norwich-based artist Elizabeth Monahan, which has now been reproduced on an engaging series of new stock for sale. The charitable Company also carried out broader activities for public wellbeing, rooted in the charitable Companls Christian ethos and inspired by the leaching of Julian of Nornich. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charitable Company has adequate resources lo conlinue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Ra$arvg$ policy There is no Current policy for Reserves. The intention is that we wll build sufficient reserves to be able lo sustain the charitable Company through periods of diminished income. c. Principal fundlng During the year, funding has been derived from grants received from Partnership organisations (The Community of All Hallows and The Friends of Julian of Norwich}, and the charitable Company's funding is derived principally from trading activity in the provision of guest accommodation, room hire and the sale of books and gifts in the visitor cenlre's shop. Following the provision of generous grants by Partnership organisalions during the 'sel-up' phase, the Trustees are commilled lo developing an operational model which draws on a variety of funding sour$ to sustain ils work, with a particular focus on the use of ils site and buildings lo generate income, and have been satisfied by Progress towards this goal during the year. in which a greater proportion of the charitable Company's income was derived from its activities than from grants and donations. Structure. governance and managgment a. Constitution The Juli2n of Norwich Partnership is registered as a charitable Company limited by guarantee and was set up by 8 Conslilulion. b. Methods of appointment or election of Trustees The management of the charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. Page 4
THE JULIAN OF NORWICH PARTNERSHIP (A company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Members, Ilablllty The Members of the charitable Company guarantee lo contribute an amount not exceeding £10 lo the assets of the charitable Company in the event of wnding up. Statement of Trustees. rgsponsibilitias The Trustees Iwho are also the directors of the charitable Company for the purposes of company lawl are responsible for preparing the Trustees, report and the financial slalemenls in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees to prepare financial slalemenls for each financial . Unéer company law, the Trustees musl not approve the financial slalements unless Ihey are satisfied that they give a true and fair view of the stale of affairs of the charitable Company and of its incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial slalemenls, the Tnjslees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 102},' make judgements and accounting eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the charitable Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charitable Company's transactions and disclose with reasonable accuracy al any lime the financial position of the charitable Company and enable them to ensure that the financial slalemenls corllply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Peter Andrew Limmgr Trustee Dale.. 31 October 2025 Page 5
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Indopendent examiner's report to the Trustees of Thg Julian of Nonylch Partnership {Yhg charitable Company'} I report lo the charitable Company Trustees on my examination of the accounts of the charitable Company for the year ended 31 December 2024. Responsibilities and basis of report As the Trustees of the charitable Cotnpany land ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'lhe 2006 Acl'l. Having satisfied myself that the accounts of the charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent exarninalion, I report in respect of my examination of the charitable Companys accounts carried out under section 14S of the Charities Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me cause lo believe-. accounting records were not kept in respect of the charitable Company as required by section 386 of the 2006 Act,. or the accounts do not accord wlh those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a maller considered as part of an independent examination., or the accounts have not been prepared in accordance wlh the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other mallers in connection wth the examination to which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. This report is made solely lo the charitable Companls Trustees, as a body, in accordance wlh Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the charitable Company's Trustees those matters l am required to slate to them in an Independent examiner's report and for no other purpose. To the fullest exlenl permilled by law, I do not accept or assume responsibility lo anyone other than the charitable Company and the charitable Company's Trustees as a body. for my work or for this report. Signed- Dated= 31 October 2025 Mr F M E Shippam Bsc FCA DChA MA Partners LLP Chartered Accounlanls Page 6
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Noto Income from: Donations and legacies Charitable activities Investments 53,205 105,291 1.162 2,800 56.005 105.291 1,162 50,625 60,617 456 Total income 159,658 2,800 162,458 111,898 Expenditure on.. Charitable activities 111,221 2,800 114,021 69,836 Total expendlture 111,221 2.800 114.021 69,836 Net movement in funds 48,437 48,437 41,862 Re¢on¢iliation of funds: Total funds brought forward Nel movement in funds 86,042 48,437 86.042 48.437 44,180 41,862 Total funds carried forward 134,479 134,479 86,042 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 10 to 22 form part of these financial slalemenls. Page 7
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarantee} REGISTERED NUMBER.. CE022872 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets 11 16,013 19,627 16,013 19.627 Current assets Stocks Debtors Cash at bank and in hand 18,000 16,530 87.306 T,(0 1.661 61. 155 13 121,836 69,816 Current Ilabllltles Creditors.. amounts falling due within one year 14 {3.370} (3,401) Net current assets 118,466 66.415 Total net assets 134,479 86,042 Charity funds Unreslricled funds 134.479 86,042 Total funds 134,479 86.042 The charitable Company was enlilled lo exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance wlh section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying wth the requirements of the Act with respect to accounting records and preparation of financial slalements. The financial statements have been prepared in accordance with the provisions applicable lo enlilies subject lo the small companies regime. Page 8
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarantee) REGISTERED NUMBER: CE022872 BALANCE SHEET {CONTINUEDI AS AT 31 DECEMBER 2024 The financial slalemenls were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Peter Andrew Llmmer Trustee Dale.. 31 October 2025 The notes on pages 10 to 22 form part of these financial slalemenls. Page g
THE JULIAN OF NORWICH PARTNERSHIP (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Gengral information The Julian of Norwich Partnership I'the charitable Company") is a private company limited by guarantee and incorporated in England and Wales, registration number CE022872. Accountlng pollcies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi21 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Julian of Norwich Partnership meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or Iranssclion value unless olherwse slated in the relevant accounting policy. The financial slalemenls are presented in sterling (£1, the charitable Company's functional currency. and rounded lo the nearest £. 2.2 Going concern The Trustees assess whether the use of the going concern basis is appropriate and whether there are any material uncertainties related lo events or conditions that may cast significant doubl on the ability of the charitable Cornpany lo continue as a going conrn for the foreseeable future. The Trustees make this assessment in respect of a period of al least one year from the dale of aulhorisalion for issue of the financial slalemenls. Following appropriate enquiries and analysis, the Trustees have concluded that the charitable Company has adequate resources lo continue in operational existence for the foreseeable future and there are no material uncertainties relating lo the charitable Companls ability lo continue as a going concern. Therefore, the Trustees have continued lo adopt the going concern basis in preparing the financial stalemenls. 2.3 Income All income is recognised once the charitable Company has enlitlemenl lo the income, il is probsble that the income will be received and the amount of income receiv8ble can be measured reliably. Grants are included in the Slalemenl of financial activities on a receivable basis. The balance of income reiVed for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of enlillemenl of receipt, ils recognition is deferred and included in creditors as deferred income. Where enlillemenl occurs before income is received, the income is accrued. Income tax recoverable in relation lo investment income is recognised al the lime the investment income is receivable. Page 10
THE JULIAN OF NORWICH PARTNERSHIP (A company limitod by guarante0} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {continued) 2.4 Expenditure ExpendilLJre is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitsble Companls objectives. as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable Company,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tangibla fixad assets and depreciatlon Tangible fixed assets costing £1,000 or more are capilalised and recognised when future economi benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model. 12ngible fixed assets are measured al cost less accurllulated depreciation and any accumulated irnpairmenl losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed as5et5 less their residual value over their eslimaled useful lives, using the slraighl-line method. Depreciation is provided on the following basis.. Fixtures and fillings 200 2.7 Stocks Stock is staled at the lower of cost and eslimaled selling price les5 costs lo complete 8nd sell, Where il is impractical lo establish cost, stock is valued al the most recent known purchase price or al eslimaled net realisable value, based on management's assessment al the year end. Donated goods for resale or dislribLJlion are not regnised as stock, bul income from their sale is recognised when the goods are sold. 2.8 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three OnthS or less from the dale of acquisition or opening of the deposit or similar account. Page11
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies {continued) 2.10 LlabS1ities and provisions Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in selllement. and the amount of the selllemenl can be eslimaled reliably. Liabilities are recognised at the amount that the charitable Company anticipates (t will pay lo sellle the debt or the amount it has reiVed as adVand payments for the good5 or services il musl provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the ijiscounl is recognised in the Statement of financial activities as a finance cost. 2.11 Penslons The charitable Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable Company lo the fund in respect of the year. 2.12 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the charitable Company and which have not been designated for other purposes. Reslricled funds are funds which are lo be used in accordance with specific reslriclions imposed by donors or which have been raised by the charitable Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financial slalements. Investment income, gains and losses are allocated lo the appropriate fund. Page 12
THE JULIAN OF NORWICH PARTNERSHIP {A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estimates and areas of judggment Eslimales and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events th81 are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The charitable Company makes eslimales and assumptions concerning the future. The resulting accounting eslimales and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjuslmenl lo the carrying amounts of assets and liabilities within the next financial year are discussed below. Stock valuation.. The charitable Company holds a level of stock al the year end. As detailed records of cost are not maintained, the Trustees have eslimaled the value of stock based on recent purchase prices or nel realisable value, where lower. This requires judgement in assessing the condition of items, their likely realisable value, and the costs associated wlh their sale or dislribulion. The Trustees consider that any variation in these eslimales is not expected lo have a material effect on the financial slalernents. Income from donations and legacles Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations Grants 2,645 50,560 2,645 53.360 625 50,000 2,800 53,205 2.800 56,005 50,625 Total 2023 50,625 50,625 Income from charitablg actlvlties Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Charitable activities 105,291 105.291 60,617 Page13
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarant991 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Invostmgnt income Unreslrictgd funds 2024 Total funds 2024 Total funds 2023 Interest received 1,162 1,162 456 Analysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Tolal funds 2023 Charitable activities 63,799 50,222 114,021 69,836 Total 2023 33,143 36,693 69,836 Analysis of direct costs Total funds 2024 Total funds 2Q23 Staff c051s Guesthouse & centre running costs 38,116 25,683 25,448 7,695 63.799 33,143 Page 14
THE JULIAN OF NORWICH PARTNERSHIP {A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expenditure by activities Icontinuedl Analysis of support costs Total funds 2024 Tolal funds 2023 Equipment Light, heal & water Depreciation Insurance Advertising & marketing Repairs & mainlenance Cleaning Rates 13,355 8.612 5,114 2,468 3,890 6.551 1,699 8,551 6, 783 4,342 4,048 2,637 2,608 2,381 li 1,636 3,031 1,187 1.513 1.166 1,881 1,050 1,017 898 497 Governance costs Telephone & inlernel Legal & professional fees IT expenses 50,222 36,693 Independent examinerfs remuneration The independent examiner's remuneration amounts lo an independent examiner fee of £1,05012023 £9601. Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 38,288 (1,2791 1,107 23,000 1, 758 690 38,116 25,448 Page15
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs (continued) The average number of persons employed by the charitable Company during the year was as follows: 2024 2023 Employees No employee received remuneration amounting lo more than £60,000 in either year. 10. Trustegs. remungration and gxpenses During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 December 2024, expenses lotaling £NIL12023- £NILI were reimbursed or paid directly lo no Trustees (2023 - NIL}. Page 16
THE JULIAN OF NORWICH PARTNERSHIP IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tangible fixed assets Fixtures and fittings Cost or valuation At 1 January 2024 Additions 24,570 1,500 Al 31 December 2024 26,070 Dopreciation At 1 January 2024 Charge for the year 5.114 Al 31 December 2024 10,057 Net book value At 31 December 2024 16.013 At 31 December 2023 19,627 Page 17
THE JULIAN OF NORWICH PARTNERSHIP (A company limlted by guaranteè} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Stocks 2024 2023 Goods held for resale 18,000 7,000 13. Debtors 2024 2023 Due within one year Prepayments and accrued income Other debtors VAT recoverable 1.967 7,936 6,627 1,661 16,530 f,661 14. Creditors: Amounts falling due within one year 2024 2023 Accruals 1.771 1,599 2.293 1, 108 Other taxation and social security 3,370 3.401 Page 18
THE JULIAN OF NORWICH PARTNERSHIP {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2024 15. Statement of funds Statement of funds- curront yoar Balance at 31 Docember 2024 Balance at 1 January 2024 In¢omg Expenditure Unrestricted funds General Funds - all funds 86,042 159,658 (111,2211 134,479 Restricted funds The Julian fund 2.800 12,800) Total of funds 86,042 162,458 {114,021} 134.479 Statement of funds - prior yèar Balance al l January 2023 Balance al 31 December 2023 Income Expgnditure Unrestricted funds General Funds 44,180 111,698 (69,836) 86,042 Page19
THE JULIAN OF NORWICH PARTNERSHIP {A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Summary offunds Summary offunds- current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure General funds Restricted funds 86.042 159,658 2,800 (111,221} (2,8001 134,479 86,042 162,458 1114,0211 134.479 Summary of funds- prior year Balance al 1 Jantjary 2023 Balance al 31 December 2023 Income Expgnditure General funds 44,180 111,698 (69,836) 86,042 Page 20
THE JULIAN OF NORWICH PARTNERSHIP {A company Ilmlted by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Analysls of net assets between funds Analysis of net assets between funds- current period Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 16,013 121,836 13,3701 16,013 121,836 {3,3701 Total 134,479 134,479 Analysls of net assets between funds- prlor period Unreslricled funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 19,627 69,818 (3,401) 19,627 69,816 (3,401) Total 86,042 86,042 Page 21
THE JULIAN OF NORWICH PARTNERSHIP IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Pension commitments The charitable Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable Company in an independently administered fund. The pension cost charge represents contributions payable by the charitable Company to the fund and amounted to £1,10712023 £6901. Al the balance sheet dale contributions of £28812Q23 - £134} were payable lo the fund are included in creditors. 19. Related party transactions During the year, the charitable Company had transactions with The Community of Al Hallows, a founding partner. The charitable Company received a grant of £50,00012023 - £50,000> from The Community of All Hallows. The charitable Company incurred expenditure of £1,328 12023 - £3, 7411 payable lo The Community of All Hallows, relating lo building insurance. Al the balance sheet dale £33212023- £868} of thi5 expenditure is recognised as a prepayment in debtors. During the year. the charitable Company had transactions Mlh the Friends of Julian of Norwich, a founding partner with a Trustee in common. The charitable Company received income of £300 12023 £6161 relating lo Charitable activities and donations of £1,19512023 £Ni4 from the Friends of Julian of Norwich. The charitable Company incurred expenditure of £90 12023 - £8571 payable lo the Friends of Julian of Norwich, relating lo Charitable activities. 20. Controlling party The charitable Company is limited by guarantee and does not have share capital. The liability of the Members is limited lo contributions of £10 each. Page 22