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|||||Endowment||Unrestricted|||
|---|---|---|---|---|---|---|---|---|
||||Note|Fund|Restricted Funds|Fund|Total 2023|Total 2022|
|||||||||E|
|Income|||||||||
|Donations and legacies|||||26,181|79,154|105,335|63,543|
|Charitable<br>activities||||||1,563,176|1,563,176|1,278,544|
|Trading activities||||||1,155,349|1,155,349|531,867|
|Grants||||||||43,368|
|Investments|||||7,794|196,462|204,256|223,643|
|Total income|||||33,975|2,994,141|3,028,115|2,140,965|
|Expenditure<br>on|||||||||
|Provision<br>and maintenance||ofthe Christian|||||||
|Centre|||||||||
|Operating costs and maintenance|||||32,508|1,933,533|1,966,041|1,996,192|
|Depreciation||||199,509||186,836|386,345|319,647|
|Professionalfees||||||31,772|31,772|29,566|
|Trading costs||||||969,550|969,550|572,378|
|Total expenditure||||199,509|32,508|3,121,692|3,353,709|2,917,782|
|Net income/(expenditure)||before investment|||||||
|gains||||(199,509)|1,467|(127,551)|(325,593)|(776,817)|
|Gains/(losses)<br>on|investments||||||||
|Unrealised||||(402,788)|(13,342)||(416,130)|565,696|
|Realised||||41,812|||41,812|74,547|
|Net movements|in funds|before taxation||(560,485)|{11,875)|(127,5S1)|(699,911)|{136,S7S)|
|Tax rebate/(charge)||||||41,110|41,110|(41,110)|
|Net movements|in funds|ai'ter taxation||(560,4&5)|(11,875)|(86,441)|(658,801)|(177,685)|
|Funds brought forward||||15,347,202|327,554|(971,015)|14,703,741|14,881,426|
|Funds carried forward||||14,786,717|315,679|(1,057,456)|14,044,940|14,703,741|





## 

## 

|BAIANCE SHEE|TS AS AT 31MA|RCH 2023|||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2023|2022|2023|2022|
|||Notes|E|E|E|E|
|Fixed assets|||||||
|TangiIJle fixed|assets||7,511,27]|7,729,307|7,S11,271|7,729,30?|
|Invest men ts|||6,447, I02|7,02.2,720|6,447,502|7,021820|
||||13,958,673|24,752,027|13,958,773|24,752,227|
|Current assets|||||||
|Debtors|||204,S61|155,432|163,751|245,7S6|
|Stock|||l7,476||17,475||
|Cash at bank|||385,548|236,889|324,473|264,702|
||||607,885|392,370|50S,699|320,458|
|Current liabilities|||||||
|Creditors under one yea r||8|(521,618)|(437,606)|(593,S20)|(530,369)|
|Net current|assets||86,267|(45286)|(88,121)|(219,912)|
|Defined benefit pension|||||||
|scheme liaIJility||||(2,000)||(2,000)|
|Net assets|||14,044,940|14,703 741|13.870,652|14529216|
|Funds|||||||
|Endowment|||l.4,786,717|25.347,202|14,786,717|25,347,203|
|Restncted|||315,679|327,554|31S,679|327,55n|
|Unrestricted|||(l,057,456)|(972,025)|(1,231,745)|(2,245,542)|
|||10|14,044,940|14,703,741|13,870,652|14,529,216|





|FOR THE YEAR ENDED 31M|ARC|H 2023|||||||
|---|---|---|---|---|---|---|---|---|
||||||2023|||2022|
||||||f|||f|
|Cash flows from operating|activities||||||||
|Net income/(expenditure)|||(658,801)|||( 177,686 )|||
|Adjustments<br>for:|||||||||
|Depreciation|||386,345|||319,647|||
|Loss/(Gain) on investments|||374,318|||( 640,242 )|||
|Investment<br>income|||(204,256 )|||( 223,643 )|||
|Trade and other receivables|||(49,430 )|||( 71,420 )|||
|Stock|||(17,476 )||||||
|Trade and other payables|||82,013|||142,870|||
|Net cash used<br>in operating|activities||||(87,288 )|||(650,474 )|
|Cash flows from investing<br>activities|||||||||
|Purchase ofproperty<br>plant|and equipment||( 168,309 )|||( 834,817 )|||
|Proceeds on disposal ofinvestments|||200,000|||1,050,000|||
|Investment<br>income|||204,256|||223,643|||
|Net cash provided<br>by investing||activities|||235,947|||438,826|
|Net (decrease)/increase<br>in|cash and cash equivalents|||f|148,659||f|(211,648)|
|Cash and equivalents<br>brought||forward|||236,889|||448,537|
|Cash and equivalents<br>carried forward||||f|385,548||f|236,889|
|Components<br>ofcash and cash||equivalents:|||2023|||2022|
|Cash at bank and in hand||||f|385,548||f|236,889|





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## 

||Total|Total|
|---|---|---|
||2023|2022|
|Donations and legacies|||
|Gifts and donations|105,335|63,543|
|Grants received||43,367|
||105,335|106,910|
|Income from charitable activites|||
|Overnight<br>accommodation|128,310|63,975|
|Conference income|310,387|186,199|
|Food and beverages|644,800|378,319|
|Rental and other income|47,559|28,802|
|Yurt cafe|432,119|621,249|
||1,563,176|1,278,544|
|Income from trading activities|||
|Overnight<br>accommodation|1,155,349|531,867|
||1,155,349|531,867|
|Investment<br>income|||
|Dividends|202,203|223,616|
|Interest receivable|2,053|27|
||204,256|223,643|
|Income Total|3,028,116|2,140,965|





## 

## 

||||Depreciation|Staffcosts|Other costs|Total 2023|Total 2022|
|---|---|---|---|---|---|---|---|
||||f|f|f|f|f|
|Charitable||activities||||||
|Endowment||Funds|199,509|||199,509|266,275|
|Restricted|Funds||||32,508|32,508|23,594|
|Unrestricted||Funds|186,836|1,168,589|796,717|2,152,142|2,055,536|
||||386,345|1,168,589|829,225|2,384,159|2,345,405|
|Trading costs||||576,609|392,942|969,550|572,378|
||||386,345|1,745,198|1,222,167|3,353,709|2,917,7&2|
||||Depreciation|Staffcosts|Other costs|Total 2022||
|||||f|f|f.||
|Charitable|activities|||||||
|Endowment||Funds|266,275|||266,275||
|Restricted|Funds||||23,594|23,594||
|Unrestricted||Funds|53,372|1,495,236|506,928|2,055,536||
||||319,647|1,495,236|530,523|2,345,405||
|Trading costs|||||572,378|572,378||
||||319,647|1,495,236|1,102,900|2,917,782||





## 

|NOTES TO THE ACCOU|NTS FOR THE YEA|R ENDED 31MARCH 2023||
|---|---|---|---|
|||Total 2023|Tata I 2022|
|Staff Costs||f|f|
|Wages and salaries||1,483,861|1,273,857|
|Social security costs||137,566|109,034|
|Pension costs (Defined Benefit Scheme}||10,643|12,506|
|Pension costs (Defined Contribution|Scheme)|113,128|99,838|
|||1,745,198|f1„495,236|
|Other Costs||||
|Visitor catering||373,455|412,467|
|Housekeeping||113,197|84,165|
|Property costs||245,575|232,719|
|Centre administration||138,939|134,761|
|Sales commission||163,137|64,688|
|General costs||71„513|94,930|
|Grants|||700|
|Governanre||38,438|22,490|
|Professional fees and consultancy||31I772|37,877|
|Charitable<br>activities||46,140|18,103|
|Depreciation||386,345|319,647|
|||1,608,512|f1,422,547|
|Total Costs||3,353,709|f2,917,782|



|ce|costs inc|ludes<br>au|dit|fees off1|9,950for|the Foundati|on<br>and E3,150f|or RHL.||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Number|Number|
|||||||||2023|2022|
|The|average|number|of|employees|was|||65|65|
|The|average|number|of|Full Time|Equivalent|employees|was|47|34|



|Number|Number|
|---|---|
|2023|2022|





## 

|Group &Charity|||||
|---|---|---|---|---|
|||Fixtures<br>8c|||
||Freehold|Fittings,|||
||Land|Temporary|Assets Under|Total|
||fL Buildings|Buildings|Construction||
|Cost|||||
|At 1April|10,081,456|1,627,290|437,859|12,146,605|
|Additions||165,773|2,536|168„309|
|At 31March|10,081,456|1,793,063|440,395|12,314,914|
|Depreriation|||||
|At 1April|3,664,324|752,974||4,417,298|
|Charge<br>in the year|199,509|186,836||386,345|
|At 31March|3,863,833|939,810||4,803,643|
|NBV|||||
|At 31March 2023|6,217,623|853,253|440,395|7,511,271|
|At 31March 2022|6,417,132|874,316|437,859|7,729,307|





## 

## 

||||||Common|||||
|---|---|---|---|---|---|---|---|---|---|
||||||Investment|Investments|in|||
||||||Funds<br>f|subsidiary<br>f||Charity totalf|Total 2022|
|Valuation<br>at 1|April 2022||||7,021,720||100|7,021,820|7,431,578|
|Disposals|||||(200,000)|||(200,000)|(1,050,000 )|
|Realised gains|||||41,812|||41,812|74,547|
|Unrealised<br>gains|||||(416,130)|||(416,130)|565,696|
|Valuation at31March 2023|||||6,447,402|||6,447,502|7,021,820|
|The market value ofthe||Common|Investment|Funds held are:||||2023|2022|
||||||||||f|
|Restricted<br>Endowment||Fund||||||||
|COIFCharities|Global Equity Fund||Income Units|||||581,449|602,314|
|COIF Charities|Property|Fund Income Units||||||300,400|357,045|
|COIF Charities|Ethical Investment||Income Units|||||5,310,976|5,794,442|
|COIF Charities|Deposit Fund|||||||331|331|
|||||||||6,193,156|6,754,132|
|Ardingly<br>Mission<br>Fund||||||||||
|COIF Charities|Ethical investment||Income Units|||||254,246|267,588|
|Total||||||||6,447,402|7,021,720|






## 

## 

## 


## 

||||||||||Total||
|---|---|---|---|---|---|---|---|---|---|---|
|Fund balances|at 31March 2023||Endowment|||Master' s|||Unrestricted||
|are represented|by:||fund|Ardingly|fund|Charity Account|umehouse|Aid|Funds|Total 2023|
|Tangible fixed assets|||6,658,018||||||853,252|7,511,271|
|Investments|||6,193,156|254,246||||||6,447,402|
|Net current assets/(liabilities)|||1,935,543||60,385|||1,048|(1,910,709)|86,267|
|Defined benefit pension||scheme|||||||||
|liability|||||||||||
||||14,786,717|314,631||||1,048|(1,057,456)|14,044,940|
||||||||||Total||
|Fund balances|at31March 2022||Endowment|||Master' s|||Unrestricted||
|are represented|by||fund|Ardingly|fund|Charity Account|umehouse|Aid|Funds|Total 2022|
|Tangible fixed assets|||6,854,991||||||874,316|7,729,307|
|Investments|||6,754,132|267,588||||||7,D21,720|
|Net current assets/(liabilities)|||1,738,079||52,804|6,679||483|(1,843,331)|(45,286)|
|Defined benefit pension||scheme|||||||||
|liability|||||||||2,000)||
||||15,347,202|320,392||6,679||483|(971,015)|14,703,740|





## 

||||Balance at31|Balance at31|||Investment|Investment||Balance at31|
|---|---|---|---|---|---|---|---|---|---|---|
|||||March 2022|Income|Expenditure|gains/()esses)||Tax Charge|March 2023|
|Endowment<br>fund||||15,347,202||(199,509)||(360,976)||14,786,717|
|Ardingly<br>fund||||320,391|7,762|(180)||(13342)||314,631|
|Master's<br>Charity|Account|||6,678|21,023|(27,702)||||(0)|
|Limehouse<br>Aid||||483|5,190|(4,625)||||1,048|
|Unrestricted<br>general fund||||(971,014)|2,994,141|(3,121,693)|||41,110|(1,057,456)|
|||||14,703,740|3,028,116|(3,353,709}||(374,318)|41,110|14,044,940|
||||Balance at31||||unrealised|||8a)ance at31|
||||March 2021||Income|Expenditure|investment<br>gain||Tax Charge|March 2022|
|Endowment<br>fund||||14,994,120||(266,275)||619@57||15,347,202|
|Ardingly<br>fund||||294A71|5,035|||20+86||320,391|
|Master's<br>Charity|Fund|||13,619|12,760|(19,701)||||6,678|
|Limehouse<br>Aid||||1,244|3,130|(3,890)||||483|
|Unrestricted<br>general fund||||(422,029)|2,120,038|(2,627,914)|||(41,110)|(971,015)|
|||||14,881,425|2,140,963|(2,917,780)||640,242|(41,110)|14,703,740|
|1<br>Pension|Liability||||||||||
|The Foundation||participates<br>in the Church of England<br>Funded<br>Pensions||||||Scheme for stipendiary||clergy in|
|respect ofThe Master.|||This is a defined||benefit pension scheme||administered||by the Church|of England|
|Pensions|Board|and each||participating|Responsible|Body pays contributions<br>at|||a common contribution||
|rate applied to pensionable<br>stipends.|||||||||||
|The scheme<br>is considered||||to be a multi-employer||scheme as described||in section 28of FRS102. This|||
|means that it is||not possible to attribute|||the Scheme's assets and||liabilities to each specific Responsible||||
|Body, and so contributions||||are accounted for as if||the Scheme were a||defined contribution<br>scheme.<br>The|||
|pensions|costs charged||in the Statement of Financial Activities<br>in||||the year are contributions<br>payable||||
|towards|benefits|and expenses accrued|||in that year and amount||tof10,643(2022:f12,506).||||



## 

||||2023|2022|
|---|---|---|---|---|
|Movement<br>in pension||provision|E||
|Balance sheet liability|at|1January|2,000|4,000|
|Deficit contributions|paid||( 2,000 )|( 2„000)|
|Balance sheet liability|at|31December|K0|E2,000|



## 



## 

|||||2023|2022|
|---|---|---|---|---|---|
|||||f||
||Within one year|||4,022|2,103|
||Between two and five years|||4,266||
||Over five years|||108||
|||||f8,396|E2,103|
|13|Financial Instruments|||||
|||||2023|2022|
||Financial assets measured|at|fair value|||
||Investments|||6,447,402|7,021,820|
||Financial liabilities measured||at fair value|||
||Provision for defined benefit||pension scheme||2,000|





## 

## 

|||Endowment|Restricted|Unrestricted|||
|---|---|---|---|---|---|---|
||Nate|Fund|Funds|Fund|Total 2022|Total 2021|
|||f|||f|f|
|income|||||||
|Donations<br>and legacies|||12,890|50,653|63,543|38,235|
|Charitable<br>activities||||1,278,544|1,278,544|595,410|
|Trading activities||||531,867|531,867|668,842|
|Grants|||3,000|40,368|43,368|90,989|
|Investments|||5,037|218,607|223,643|236,260|
|Total income|||20,927|2,120,038|2,140,965|1,629,736|
|Expenditure<br>on|||||||
|Provision<br>and maintenance|ofthe||||||
|Christian<br>Centre|||||||
|Operating costs and maintenance|||23,594|1,972,598|1,996,192|1,354,923|
|Depreciation||266,275||53,372|319,64/|295,135|
|Professional<br>fees||||29,566|29,566|11,027|
|Trading costs||||572,378|572,378|658,842|
|Total expenditure||266,275|23,594|2,627,914|2,917,782|2,319,928|
|Net income/(expenditure)|before||||||
|investment<br>gains||(266,275)|(2,667)|(507,875)|(776,817)|(690„192)|
|Gains/(losses)<br>on investments|||||||
|Unrealised||544,810|20,886||565,696|1,223,139|
|Realised||74,547|||74,54/|98,159|
|Net movements<br>in funds before taxation||353,082|18,21$|(507,875)|(136,575)|631,106|
|Tax charge||||41,110|41,110||
|Net movements<br>in funds after taxatian||353,0$2|18,218|(548,985)|(177,685)|631,106|
|Funds brought forward||14,994,120|309,335|(422,029)|14,881,426|14,250,321|
|Funds carried forward||15,347,202|327,554|(971,015)|14,703,741|14,881,427|





## 

## 

|||2623|2622|
|---|---|---|---|
|Share Capital|and Reserves|||
|Share Capital||100|100|
|Reserves||174,286|174,286|
|Total Capital||174,386|174,386|
|Profit and Loss account:||||
|||2623|2622|
|Income||1,155,349|531,867|
|Less: Cost ofSales||(385,188)|(297,039)|
|Gross Profit||770,161|234,828|
|Administration|and Overheads|(584,364)|(275,339)|
|Gift Aid||(226,907)||
|Taxation||41,110|(41,110)|
|Net Profit|||(81,620)|



## 

|The charity had the following transactions<br>w|ith|its trading subsidiary|Ratcliffe Hospitality<br>Lim|ited:|
|---|---|---|---|---|
||||2023|2022|
|Charges by the Charity to Ratcliffe Hospitality|Ltd|(RHL)|||
|Allocation ofoverheads<br>forshared expenses|||576,609|536,081|
|Gift Aid donation<br>by RHLtothe charity|||226,907||
|Debtor due by the charity to RHL|||273,811|217,495|
|There were no other related party transactions||in the year.|||