Digitally Signed Document Document ID: 29853D53619140
Document Details
The House of Bread Wariwckshire Ltd - Final Filename: accounts 31.12.2023.pdf Client of: Francis & Co
Signature Details
Name: Gordon Matthews Email: matthews.gordon@gmail.com Date & Time: 10/09/2024 10:34:23 AM (BST) IP Address: 194.35.122.235 Gordon Matthews confirms that the information is Signing Statement: correct and complete to the best of their knowledge and belief.
Digital Certificate
The approved PDF file has been digitally certified.Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.
| On behalf of: | Francis & Co |
|---|---|
| PDF digital certificate: | IRIS Software Group Limited |
| Digital certificate issued by: | GlobalSign |
Please keep a copy of this document for your records.
REGISTERED COMPANY NUMBER: 12530939 (England and Wales) REGISTERED CHARITY NUMBER: 1193363
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
for
The House of Bread (Warwickshire)
Francis & Co Second Floor 123 Promenade Cheltenham Gloucestershire GL50 1NW
The House of Bread (Warwickshire)
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 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
The House of Bread (Warwickshire)
Report of the Trustees for the Year Ended 31 December 2023
The House of Bread can be found in the heart of the beautiful Warwickshire countryside. Our extensive site has provided peace and tranquillity for day and residential guests for the past 27 years.
The vision of The House of Bread is to be a place where guests can encounter the presence of God, being restored and transformed. They can take time in quietness and stillness on retreat and grow closer to God. They can find safe pasture and receive pastoral guidance and prayer as well as gather with others for fellowship and strengthening. They can also be spiritually nourished and emotionally renewed through the variety of ministry events hosted at The House of Bread. We welcome all who want to retreat from daily life, explore or go deeper into the Christian faith.
2022 saw the House of Bread convert to a company with charitable status. At which point the Executive Directors, who oversee and lead the running of the site and the ministry life of the House of Bread, were paid a salary. The trust now pays four other staff members for a few hours per week to manage the housekeeping and bookings. They now have contracts of employment. The new assistant warden completed his probationary period at the end of 2022 and has proved to be a great asset to the House of Bread.
The numbers for 2023 were 1594 day guests and 1324 residential guests. This included 193 individual people on retreat and 705 guests to House of Bread events (guided retreat days, teaching day and Abiding/Soaking sessions, and prayer groups). These numbers represent an overall increase of around 20% from the previous year.
The groups who came to The House of Bread in 2023 were from churches of different denominations, taking time to pray and have fellowship together and to prepare and plan the way ahead for the vision and passion of their organisations, in serving and supporting people in the UK and worldwide, including the persecuted church and people, groups and communities who are marginalised and vulnerable.
Other individual guests attended events hosted and led by The House of Bread. These events create space for people to take time away from the busyness of life, providing a safe place to rest and to receive encouragement and guidance. This is significant for everyone, spiritually and emotionally, and can be very helpful for those who have mental health and well-being issues.
House of Bread events include prayer and worship times, biblical meditation/reflective evenings, teaching days, guided retreat days, and art and worship days, which have been well attended, with lots of encouraging feedback. More of these events are planned for the coming year. The House of Bread has also been greatly encouraged by growing relationships with the local community.
The House of Bread greatly values its volunteers who work incredibly hard to keep the facilities looking good and functioning well, in the gardens and on the maintenance of the buildings overseen by a site management team. All are a much-valued part of the work of the Charity.
Guests are asked to pay set charges for the use of the facilities. There are bursaries available for those who are unable to afford these charges, which along with other donations are the main source of income for the House of Bread. The increase in income over the past year has enabled the House of Bread to cope with the extra costs of salaries and pensions as well as enabling work on projects.
These projects included:
-
Replacement doors on the top floor of the Mill.
-
Insulation work in the Alpha Suite completed.
-
Repairs to the ground source heating system.
-
Obtaining planning permission for 'The Forge'. This will make a very useful additional space for groups to use as the work of the House of Bread continues to expand.
-
The new website is almost up and running.
-
The 'Flight Deck' developed into a prayer space.
-
The house now has new bathrooms.
Plans for 2024:
Page 1
The House of Bread (Warwickshire)
Report of the Trustees
for the Year Ended 31 December 2023
A micro hydroelectric turbine remains an exciting possibility that the team are looking into. There are plans in place to carry out repairs to the cottage.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
12530939 (England and Wales)
Registered Charity number
1193363
Registered office
1 Mill House Burmington Shipston on Stour Warwickshire CV36 5AF
Trustees
Mr R S Akers Mrs A M Akers Mrs D A Clarke Mrs E Harvey Mrs L J Isgrove Church Leader Mrs R M Matthews Mr G Matthews Mr S Rayment Preacher (resigned 31.12.23) Mr R Lee (appointed 24.1.24)
Independent Examiner
Francis & Co Second Floor 123 Promenade Cheltenham Gloucestershire GL50 1NW
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The House of Bread (Warwickshire) for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Page 2
The House of Bread (Warwickshire)
for the Year Ended 31 December 2023
Report of the Trustees
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply 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 board of trustees on 22 February 2024 and signed on its behalf by:
Mr G Matthews - Trustee
Page 3
Independent Examiner's Report to the Trustees of The House of Bread (Warwickshire)
Independent examiner's report to the trustees of The House of Bread (Warwickshire) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with 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 true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Warren Francis ACA
Francis & Co Second Floor 123 Promenade Cheltenham Gloucestershire GL50 1NW
Date: .............................................
Page 4
The House of Bread (Warwickshire)
Statement of Financial Activities for the Year Ended 31 December 2023
| Period | |||
|---|---|---|---|
| 1.4.22 | |||
| Year Ended | to | ||
| 31.12.23 | 31.12.22 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 221,038 | 182,325 | |
| EXPENDITURE ON | |||
| Raising funds | 2 | 161,040 | 12,325 |
| NET INCOME | 59,998 | 170,000 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 170,000 | - | |
| TOTAL FUNDS CARRIED FORWARD | 229,998 | 170,000 | |
The notes form part of these financial statements
Page 5
The House of Bread (Warwickshire)
Balance Sheet 31 December 2023
| 31.12.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 170,233 CURRENT ASSETS Debtors 8 3,418 Cash at bank and in hand 68,607 72,025 CREDITORS Amounts falling due within one year 9 (12,260) NET CURRENT ASSETS 59,765 TOTAL ASSETS LESS CURRENT LIABILITIES 229,998 NET ASSETS 229,998 FUNDS 10 Unrestricted funds 229,998 TOTAL FUNDS 229,998 |
31.12.22 Total funds £ 170,000 - - - - - 170,000 170,000 170,000 170,000 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 February 2024 and were signed on its behalf by:
Mr G Matthews - Trustee
The notes form part of these financial statements
Page 6
The House of Bread (Warwickshire)
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 charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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.
Taxation
The charity is exempt from corporation 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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
The House of Bread (Warwickshire)
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
2. RAISING FUNDS
Raising donations and legacies
| Year Ended 31.12.23 £ Support costs 134,904 Investment management costs Year Ended 31.12.23 £ Property repairs 26,020 Aggregate amounts 161,040 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Year Ended 31.12.23 £ Depreciation - owned assets 116 |
Period 1.4.22 to 31.12.22 £ 12,325 Period 1.4.22 to 31.12.22 £ - 12,325 Period 1.4.22 to 31.12.22 £ - |
|---|---|
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the period ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the period ended 31 December 2022.
continued...
Page 8
The House of Bread (Warwickshire)
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
5. STAFF COSTS
| STAFF COSTS | |||
|---|---|---|---|
| Period | |||
| 1.4.22 | |||
| Year Ended | to | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Wages and salaries | 28,699 | 11,733 | |
| Other pension costs | 357 | - | |
| 29,056 | 11,733 | ||
| The average monthly number of employees during the year was as follows: | |||
| Employees | Year Ended 31.12.23 2 |
Period 1.4.22 to 31.12.22 2 |
|
| No employees received emoluments in excess of £60,000. |
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
|---|---|
| Donations and legacies | 182,325 |
| EXPENDITURE ON | |
| Raising funds | 12,325 |
| NET INCOME | 170,000 |
| TOTAL FUNDS CARRIED FORWARD | 170,000 |
continued...
Page 9
The House of Bread (Warwickshire)
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 7. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 January 2023 170,000 Additions - At 31 December 2023 170,000 DEPRECIATION Charge for year - NET BOOK VALUE At 31 December 2023 170,000 At 31 December 2022 170,000 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income 10. MOVEMENT IN FUNDS At 1.1.23 £ Unrestricted funds General fund 170,000 TOTAL FUNDS 170,000 |
Computer equipment £ - 349 349 116 233 - 31.12.23 £ 3,160 258 3,418 31.12.23 £ 11,600 660 12,260 Net movement in funds £ 59,998 59,998 |
Totals £ 170,000 349 170,349 116 170,233 170,000 31.12.22 £ - - - 31.12.22 £ - - - At 31.12.23 £ 229,998 229,998 |
|---|---|---|
continued...
Page 10
The House of Bread (Warwickshire)
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 221,038 TOTAL FUNDS 221,038 Comparatives for movement in funds At 1.4.22 £ Unrestricted funds General fund - TOTAL FUNDS - Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 182,325 TOTAL FUNDS 182,325 |
Resources Movement expended in funds £ £ (161,040) 59,998 (161,040) 59,998 Net movement At in funds 31.12.22 £ £ 170,000 170,000 170,000 170,000 Resources Movement expended in funds £ £ (12,325) 170,000 (12,325) 170,000 |
|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 11
The House of Bread (Warwickshire)
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| Detailed Statement of Financial Activities for the Year Ended 31 December 2023 |
||
|---|---|---|
| Period | ||
| 1.4.22 | ||
| Year Ended | to | |
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 20,674 | 170,000 |
| Donations | 200,364 | 12,325 |
| 221,038 | 182,325 | |
| Total incoming resources | 221,038 | 182,325 |
| EXPENDITURE | ||
| Other trading activities | ||
| Depreciation of tangible fixed assets | 116 | - |
| Investment management costs | ||
| Property repairs | 26,020 | - |
| Support costs | ||
| Management | ||
| Wages | 28,699 | 11,733 |
| Pensions | 357 | - |
| Rates and water | 12,420 | - |
| Insurance | 5,762 | - |
| Light and heat | 22,799 | - |
| Telephone | 549 | - |
| Postage and stationery | 808 | - |
| Sundries | 3,420 | - |
| Travel | 1,596 | - |
| Household and Cleaning Costs | 14,790 | - |
| Site Maintenance | 13,966 | - |
| Gifts & Donations | 23,978 | - |
| Finance | 129,144 | 11,733 |
| Bank charges | 434 | - |
| Governance costs | ||
| Accountancy and legal fees | 2,699 | 300 |
| Legal fees | 2,627 | 292 |
| 5,326 | 592 | |
| Total resources expended | 161,040 | 12,325 |
| Net income | 59,998 | 170,000 |
This page does not form part of the statutory financial statements
Page 12