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 2024
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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
The House of Bread (Warwickshire)
for the Year Ended 31 December 2024
Report of the Trustees
The House of Bread (Warwickshire) can be found on the edge of the Cotswolds in beautiful south Warwickshire countryside. Our extensive site has provided peace and tranquillity for day and residential guests for the past 28 years, offering beautiful gardens and grounds with a river, meeting rooms, and 19 en-suite bedrooms.
The vision of The House of Bread is to be a place where guests can encounter the presence of God, being restored and transformed. The vision aligns with our charitable objectives to advance the Christian faith and meet the spiritual needs of the public through the life and hospitality of a Christian community.
We welcome all who want to retreat from daily life and explore or go deeper into the Christian faith. Guests can take time in quietness and stillness and grow closer to God, and be spiritually strengthened and emotionally renewed. They can receive pastoral guidance and prayer as well as gather with others for fellowship, worship, and prayer. The House of Bread hosts events that guests can come to. This includes guided retreats, prayer spaces, art days and teaching events.
Groups can also book to come on a time of retreat or host their own event. The groups who came to The House of Bread in 2024 were from churches of different Christian denominations, and various charities and organisations. They took time to pray and have fellowship together and to prepare and plan the way ahead for the vision and mission 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.
The community life of The House of Bread continues to flourish. The wider team are a highly valued part of the work of the charity. The small on-site staff work alongside a paid housekeeping team and bookings administrator. Several committed regular volunteers work within the site maintenance team and gardening team. There is further support from volunteers within the retreat and prayer ministry and hospitality team.
The approximate numbers for 2024 were 1,600 day guests and 1,500 residential guests. This included about 35 small leadership teams, about 250 individual people on retreat and 700 guests to House of Bread events (guided retreat days, teaching days, and Abiding sessions, and prayer groups). The numbers for day guests were similar to 2023. Residential groups in 2024 were up by around 150 people and individual day guests on retreat by around 60 individuals.
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 trustees and staff have worked hard over the previous year to maintain and indeed grow the income of the charity via its charitable activities. This has ensured that The House of Bread had sufficient resources for increased staff and costs as well as planning for projects around the site and in respect of advertising for the charitable activities. The trustees note that the income figures appear to have decreased year on year from 2023. This is a result of funds moving from the previous charitable structure to the new incorporated charity. Day to day income - aside from funds moved - is up in comparison with 2023.
Projects during the year have focussed on:
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New bathroom, windows, and maintenance to staff accommodation
-
New flooring and updates in en-suite bathrooms in guest accommodation
-
Refurbishment of self-catering kitchen for guests
-
Refurbishment of new reception/office
-
Repairs to the ground source heating system
-
Launch of a new website
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Development of the grounds and gardens, with additional seating areas, including a fire pit area for guests to gather.
Plans for 2025 include:
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Repairs to the cottage roofs as and when funds are available.
-
Beginning to renovate the Forge (at the end of the main Mill building) for which planning permission has been granted. This will provide two further meeting rooms for guests further enhancing the facilities on offer.
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.
Page 1
The House of Bread (Warwickshire)
Report of the Trustees
for the Year Ended 31 December 2024
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 (resigned 23.10.24) Mrs E Harvey Mrs L J Isgrove Church Leader Mrs R M Matthews Mr G Matthews Mr R Lee (appointed 24.1.24) Mr A J Kerr (appointed 24.11.24)
Independent Examiner
Francis & Co Second Floor 123 Promenade Cheltenham Gloucestershire GL50 1NW
Approved by order of the board of trustees on 24 September 2025 and signed on its behalf by:
Mr G Matthews - Trustee
Page 2
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 2024.
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
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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
24 September 2025
Page 3
The House of Bread (Warwickshire)
Statement of Financial Activities for the Year Ended 31 December 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 172,929 Investment income 2 5 Total 172,934 EXPENDITURE ON Raising funds 3 162,293 NET INCOME 10,641 RECONCILIATION OF FUNDS Total funds brought forward 229,998 TOTAL FUNDS CARRIED FORWARD 240,639 |
Restricted fund £ - - - - - - - |
31.12.24 31.12.23 Total Total funds funds £ £ 172,929 221,038 5 - 172,934 221,038 162,293 161,040 10,641 59,998 229,998 170,000 240,639 229,998 |
31.12.24 31.12.23 Total Total funds funds £ £ 172,929 221,038 5 - 172,934 221,038 162,293 161,040 10,641 59,998 229,998 170,000 240,639 229,998 |
|---|---|---|---|
| 221,038 | |||
| 161,040 | |||
| 59,998 170,000 |
|||
| 229,998 |
The notes form part of these financial statements
Page 4
The House of Bread (Warwickshire)
Balance Sheet
31 December 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 170,116 CURRENT ASSETS Debtors 9 4,722 Cash at bank and in hand 93,181 97,903 CREDITORS Amounts falling due within one year 10 (27,380) NET CURRENT ASSETS 70,523 TOTAL ASSETS LESS CURRENT LIABILITIES 240,639 NET ASSETS 240,639 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - 1,312 1,312 (1,312) - - - |
31.12.24 Total funds £ 170,116 4,722 94,493 99,215 (28,692) 70,523 240,639 240,639 240,639 240,639 |
31.12.23 Total funds £ 170,233 3,418 68,607 72,025 (12,260) 59,765 229,998 229,998 229,998 229,998 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 24 September 2025 and were signed on its behalf by:
Mr G Matthews - Trustee
The notes form part of these financial statements
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The House of Bread (Warwickshire)
Notes to the Financial Statements for the Year Ended 31 December 2024
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.
Computer equipment - 33% on cost
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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Deposit account interest | 5 | - |
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continued...
The House of Bread (Warwickshire)
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
3. RAISING FUNDS
Raising donations and legacies
| Support costs Investment management costs Property repairs Aggregate amounts 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets 5. TRUSTEES' REMUNERATION AND BENEFITS |
31.12.24 £ 148,085 31.12.24 £ 14,092 162,293 31.12.24 £ 117 |
31.12.23 £ 134,904 |
31.12.23 £ 134,904 |
|---|---|---|---|
| 31.12.23 £ 26,020 161,040 |
|||
| 31.12.23 £ 116 |
|||
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
6. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Wages and salaries | 35,971 | 28,699 |
| Other pension costs | 12,518 | 357 |
| 48,489 | 29,056 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.12.24 | 31.12.23 | |
| Employees | 6 | 2 |
No employees received emoluments in excess of £60,000.
continued...
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The House of Bread (Warwickshire)
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 221,038 EXPENDITURE ON Raising funds 161,040 NET INCOME 59,998 RECONCILIATION OF FUNDS Total funds brought forward 170,000 TOTAL FUNDS CARRIED FORWARD 229,998 8. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 January 2024 and 31 December 2024 170,000 DEPRECIATION At 1 January 2024 - Charge for year - At 31 December 2024 - NET BOOK VALUE At 31 December 2024 170,000 At 31 December 2023 170,000 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors |
Restricted fund £ - - - - - Computer equipment £ 349 116 117 233 116 233 31.12.24 £ 4,595 127 4,722 |
Total funds £ 221,038 161,040 59,998 170,000 229,998 Totals £ 170,349 116 117 233 170,116 170,233 31.12.23 £ 3,160 258 3,418 |
Total funds £ 221,038 |
|---|---|---|---|
| 161,040 | |||
| 59,998 170,000 |
|||
| 229,998 |
continued...
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The House of Bread (Warwickshire)
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors Accruals and deferred income 11. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds General fund 229,998 TOTAL FUNDS 229,998 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 172,934 TOTAL FUNDS 172,934 Comparatives for movement in funds At 1.1.23 £ Unrestricted funds General fund 170,000 TOTAL FUNDS 170,000 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 221,038 TOTAL FUNDS 221,038 |
31.12.24 31.12.23 £ £ 27,492 11,600 1,200 660 28,692 12,260 Net movement At in funds 31.12.24 £ £ 10,641 240,639 10,641 240,639 Resources Movement expended in funds £ £ (162,293) 10,641 (162,293) 10,641 Net movement At in funds 31.12.23 £ £ 59,998 229,998 59,998 229,998 Resources Movement expended in funds £ £ (161,040) 59,998 (161,040) 59,998 |
|---|---|
continued...
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The House of Bread (Warwickshire)
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.23 £ 170,000 170,000 |
Net movement in funds £ 70,639 70,639 |
At 31.12.24 £ 240,639 |
|---|---|---|---|
| 240,639 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 393,972 393,972 |
Resources Movement expended in funds £ £ (323,333) 70,639 (323,333) 70,639 |
Resources Movement expended in funds £ £ (323,333) 70,639 (323,333) 70,639 |
|---|---|---|---|
| 70,639 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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The House of Bread (Warwickshire)
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |
||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 11,079 | 20,674 |
| Donations | 161,850 | 200,364 |
| 172,929 | 221,038 | |
| Investment income | ||
| Deposit account interest | 5 | - |
| Total incoming resources | 172,934 | 221,038 |
| EXPENDITURE | ||
| Other trading activities | ||
| Depreciation of tangible fixed assets | 116 | 116 |
| Investment management costs | ||
| Property repairs | 14,092 | 26,020 |
| Support costs | ||
| Management | ||
| Wages | 35,971 | 28,699 |
| Pensions | 12,518 | 357 |
| Rates and water | 15,874 | 12,420 |
| Insurance | 6,132 | 5,762 |
| Light and heat | 20,222 | 22,799 |
| Telephone | 597 | 549 |
| Postage and stationery | 644 | 808 |
| Sundries | 3,759 | 3,420 |
| Travel | - | 1,596 |
| Household and Cleaning Costs | 13,176 | 14,790 |
| Site Maintenance | 13,793 | 13,966 |
| Gifts & Donations | 21,470 | 23,978 |
| 144,156 | 129,144 | |
| Finance | ||
| Bank charges | 307 | 434 |
| Governance costs | ||
| Accountancy and legal fees | 2,837 | 2,699 |
| Legal fees | 785 | 2,627 |
| 3,622 | 5,326 | |
| Total resources expended | 162,293 | 161,040 |
| Net income | 10,641 | 59,998 |
This page does not form part of the statutory financial statements
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