Charity rogistration number 237267 SOCIETY OF FRIENDS - CHARNEY MANOR ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
SOCIETY OF FRIENDS - CHARNEY MANOR LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Deborah Amwsmith Nigel Braithwaite Jill Green Catherine Hiniard (Recording Clerf() Stewart Jeffrey IPresi¢Jing Clerk) Robert Kyte (Treasurer- appointed 27th May 20211 Katharine Nicholas (Appointed 27th May 2021) Peter Wilkinson Charlty numbor 237267 Independent examiner Critchleys Audit LLP Beaver HoLtse 23-38 Hythe Bridge Street Oxford Oxfordshire OX12EP
SOCIETY OF FRIENDS - CHARNEY MANOR CONTENTS Page Trustees, report Independent examinerfs rep(wt Statement of financral activitie5 Balance sheet Notes to the financial statements 9-17
SOCIETY OF FRIENDS . CHARNEY MANOR TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees present their annud report and financial statements for th& year ended 31 December 2021. Chamey Manor was pfaced al the disposal of Friends Trusts Limited for use by the Religious Society of Friends by Henry & Lucy Gillett in a declaration of Trust dated 21 January 1949. Subsequently a scheme for Chamey Manor, including the appointment of Iruslees, was sealed by the Charity Commissionets on 12 July 1985 under charity reference 237267. Ownership was transferred lo London Yearfy Meeting, the goveming body of the Rdigious Society of Friends. On 4 May 1999 the Charity Commissioners amended the governing document for Chamey Manor which involved the appointment of new trustees. Ownership has been tranSferd from Britain Yearly Meeting, successors lo London Yeady hleelirig, lo the new twslees as the goveming body for Chamey Manor. Charney Manor has accordingly now been induded as an asset on the balan sheet. The financial slalemenls have been prepared in accordance with the accounting pdicies sel out in note 1 to the financial stslemenls and comply with the charitys goveming documenL the charies Act 2011 and 'A¢counting and Reporting by Charities- Statement of Recommended Practice appliCae to charities preparing their accounts in Bccordance wtlh the Financial Reporting Stsndard appli¢able in the UK and Republic of Ireland (FRS 1021. (effective 1 January 2019). ObJectlve$ and activities The land and building5 are to be used for such religious and other charitable puOSe$ of the Religious Society of Friends as the Managing Trustees think fit and in particularas a venue lorconferences, lectures and othereducational purposes. The tnJ5tees have paid due regard to guidance issued by the Charity ComrTussion in deciding what aclivilies the charity should undertake. A¢hievements and pgrforniance The primary activity of Chamey Manor is as a residential Conference and Retreat Centre. Programmes are organised lo explore these and other relevant areas.. Approaches to prayer and the Bible Personal relationships as a path lo spiritual grh Interfaith dialogue Con¢em for the wortd Aspects of the arts Aspects of the sciences During 2021 other church and faith groups used the Manor on several occasions and there were 81s0 booknngs for arts and spirilual development events. Other bookings were related lo e(lucation and training and other charilies, and the NHS used the Manor for management and staff training. However. due to the Cowd 19 pandemic Chamey had to close from 5th January 2021 until the 17th May 2021 a period of dosure reflected in the Accounts. Pandemi¢ procedures arKI proc6sses were put in place priorto Ipening. The Manor remained open and operational for the remainder of 2021 but Covid continued lo have a daMEng effect on am course and conference attendance and 8ed and Breakfast bookings.
SOCIETY OF FRIENDS- CHARNEY MANOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Due to Covid closure5 and interest. neady all planned Quaker courses h*J to be cancelled during 2021. An additional large and well-ventilated marquee purchased in 2020 continued to be used as and when required to SUPFK)rt conference and residential courses that conlinued lo soctally distance. However. in late Decemberthe marquee was blown down in a violant stomi and had to be re-Èrecled. During 2021 the Manor acquired a Premises cenCe to sell alcohol at specified times although this is yel to be implemented. Trustees Two new Trustees were appointed on May 27th after an inductlon that induded attending a Twstees Meeting.. K8therille Nicholas and Robert Kyte. The18tter sutzeeded Brian Morphy a5 Treasurer, who completed a term of office of 12 months Tha total number of Trustees increased therefore from seven to eight, and mel eight limes as a tr¥Jdy in 2021. receiving regular reports fiom the Chamey man Manager Gill Peaston. Publlc Benefit The Trustees are mindful of their duty to ensure Ihal the charty's activities exist for the public benefiL They have considered Charity Commission guidance. and are satisfied that the perfomiance and achievemen15 of Ihg Charity during the year, as oullined below, are consistent with this duty. The series of Quaker Guided Retreats arranged by the Trustees and most of the treats and conference5 organised by other groups (apart from Ihose reslricled lo paiticul8r congregations) are open to all and are advertised as such. We are especially pleased to have had our facilities used by groups who promote peace conffict resolution in both national and intemalional contexts. Re$lri¢tions to th8 building As a Grade 1 listed building there are strict regulations which do allow alterations lo the fabric of the Manor building. We are not, for example, pemiitted to install a lift to facilitate access by disabled petsons to meetings in the 13th century Solar on the 1st Iloor in the Manor. We do however have a number of bedrooms on the ground Iloor. Maintenance of the property Regular work lo maintain the fabric of the Manor and assoaated buildings was carrted out The grounds. gardens and lawns are in g(k)d order and much appreciated by the folk attending the conferences retreats. Assets The buildings are.. The Manor House, including the So18rand Undercroft d8ting from the 13th ntUry, the Manor Bam converted into a main ¢onferenc¢ facility, the Vokins building which contsins residenbal accommodalion and the Gilletts Cottage for adrjilional accommodation for residential retreats or hired by families or self-calering groups. On 2 May 2000 the buildings were professionally valued. on an existing use basis. The balance sheet records the value of building developments and accumulated depreciation. In 1987 the sIety received a bequest from the estate of Winifred Potterforthe charrlable purposes of Charney Manor. The capital is held as a designated fund with the incorne applied as revenue for general purposes. Insurance values. on a retAacemenl basis, with the Ansvar Insurance Company are.. - Buildings £9,334,453 Contents £452,335
SOCIETY OF FRIENDS- CHARNEY MANOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Outlook and subsequent events While we had budgeted for 2021 to have similar income and expenditure as in 2019 (before the Covid 19 pandemic) the relL3rn to lockdown in early January until May the 17th reduced activities considerably. However. groups planning to come to Chamey postponed, rather than anCelled, their visits and interest MainS positive. The Gov8rnment futlough scheme, whereby 80% of salaries of retsined staff are paid. tapering down to 30% by Seplernberwhen the scheme came to an end. We recewed small business grants from our local authority which have helped lo sustain our Conference Cenlre. A legacy of £10.000 was left to Chamey from Celia Judith Chander. In response to the exceptional costs of Covid 19 the borrowing from 8arclays Bank under the Bouncg Bad( loan scheme. £50,000, and selling two fixed term investments, abcmjt £25.000, have underpinned Chamey's cashflow. We confinue to maintain thg Manor and th& grounds lo ensure that a gwd standard is kept throughout. Financial ravlow The results forth8 yearshow a net income of£427.120 and a net expenditure of£400.706 giving an operating surplus of £26.414 {2020.' deficit of £59.0421 before investment gains and105se5. The operating surplus before depreciation of buildings. which is not a cash cost for the charity. was £59,988 12020.. deficit of £25.4681. Both income and expenditure have InCaSed this year, compared with 2020, as the effects of the Cowd 19 pandemic began lo redu. Staff salaries have been maintained with the support of furlough payments and all members of staff have been retalned. The Trustees consider that the reserves remain adequate lo Charney IAanoffs needs and in view of our anticipated activitFes the accounts are prepared on a going cOnM basis. Resèrves Policy 11 is the policy of the Twslees lo maintain a balan on unreslricled funds equivalent lo a minimum of befvveen three and six months unreslricled expenditure. This has helped us to remain soivenl when Chamey Manor had to close in compliance with the Govemment's policy in combating the coronavinjs pandemic. Unreslrlcled and undesignated funds al 31 December 2021 were £1.310.851. Investmant policy As Quaker Trustees we follow a similar modorate-risk ethical strategy investment policy lo that of Brilish Yearfy Meeting Truslees and Friends Trusts Limited, the central finance b(Klies ol Britain Ye8dy Meeting. Support from Charltable Trusts Chamey Manor continues lo receive donallons in support of its work from other parts of the Religious Society of Friends in Britain. This is of great benefit 8llhough this is not considered material within the context of th&se accounts. The Jen8pher Gillett Tnjst continues to provide financial support to Chamey Manor which trustees gr*efully acknowledge.
SOCIETY OF FRIENDS - CHARNEY MANOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Structure, govèrnan¢e and management Chamey Manor Trustees mel on eight occasions durfng the yearto receive reports from the Manager, the Treasurer. the Propety Sub<omnMttee and the Staff Liaison trustee. Policy decisions were tsken by the Tnjslees )rdIfig to Quaker practice by minutes dr8wn up and agieed by those present during their meetings. Implementation of the policies was delegated lo the Manager and her team supported by subwcommittees of the trustee body, presenfly the Property su1COmmIttee and a Stsffing Sub-committee. The propety of Chamey Manor and its investments are held by in Friends Trusts Limited as the Custodian Ttuslee. Stsff Gill Peaslon is the non-resident man2ger in charge of the operation of Chamey Manor and reports direcdy to the Tnjslee body. She is assisted by a staff of 14 people in¢Iling an Assistant Manager. a Finance Administrator, Catering Manager. Housekeeping Supervisor and a Resident Warden who is also avaable to help wlh general dLtties. The Iruslees who seNed during the year and up to the date of signature of the financial statements were.. Deborah Ammsrnilh Nigel BlthWaIte Jill Green Catherine Hilliard (Recording Clerk) stewart Jeffrey (Presiding Clerkl Robert Kyte ITreasurer- appointed 27th May 2021) Katharine Nicholas (Appointed 27th May 2021) Peter Wilkinson The tnjstees, report was approved by the Board of Tnjslees. Stewart Jeffrey (Presiding Cle Date'.........-....-
SOCIETY OF FRIENDS - CHARNEY MANOR STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees are responsible for preparing thg Trustees, Report and the financial statements in accordance with applicable law and United lQngdom Accounting Standards Iunitgd Kingdom Generally Accepted Accounting Practice). The law applicabl& to charllies in England and Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial slalements. the trustees S required to-. - select 5table accounting policies and then apply them consistenuy; - observe the methods and principles in the Charities Statement of Recommended Pract(ce I'SORP").. - make judgements antl estimates that are reasonable and Prudent., - state whether applicable accounting standards have been followed, subject lo any material departures thsdosed and explained in the financial slalemenls.. and prepare the financial slalemenls on the 90ing concem b8Sis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient a¢covnling records that disclose with reasonable 8cuJraGy at any time the financial posilion of the charity and enable them lo ensure that the financial slatements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the Provisions of the trust deed. They are also responsible for safeguardin9 the assets of the charfty and hence for tsking reasonable steps for the prevention arKI detection of fraud and other irregularities.
SOCIETY OF FRIENDS- CHARNEY MANOR CRITCHLEYS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOCIETY OF FRIENDS- CHARNEY MANOR I report lo the trustees on my examin8Uon of the financlal statements of SrLiety of Friends - Chamey Manor Ilhe charity) for the year ended 31 December 2021. R8sponsibiliiies and basis of rèport As the trustees of the charity you ale responsible for the prepardtion of the financial ststements in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Act). I report in respect of my examination of the charity's financial slalements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statemenl Since the charity's gross in¢ome exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm Ihal l am qualified to undertake the examination because l am 8 memberof Ihe ICAEW. which is one of the listed bodies. I have ¢ompteled my examination. I confimi that no matters hav& come to my attention in connection with the examinalion giving me cause to believe tho1 in any material respect-. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act". or the financial statements do not accord with those records: c the financial statements do not comply with the applicable requirements concerning the fom) and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a twe and fair view which Is not a matter considered as part of an independent examination. I have no concems arKI have come across no ¢er matters in connection with the examinats.on to which attention should be dr8wn in thi5 rep)rt in order lo enable a proper understsnding of the fmanclal statements to be reached. Katherlne Wllkes FCA Critchleys Audit LLP Beaver House 23-38 Hyuw Bridge Street Oxford Oxfordshire OX12EP 7th SÈpIO0r2
SOCIETY OF FRIENDS - CHARNEY MANOR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestrictsd Designated funds funds 2021 2021 Total Unrestrlctgd Designated funds funds 2020 2020 Totsl 2021 2020 Notgs ncome and endowments from: Donations and legaGi&s Charitsble activities Investments Other income 55.241 289,629 187 82,063 55.241 289.629 187 82.063 52,1CKJ 152,429 826 85.845 52,100 152,429 826 85.845 Total Income 427.120 427,120 291,200 291.200 enditure on- Charitable activities 405,776 405,776 355,242 355,242 other 15.0701 {5,070) {5.0001 (5,000) Totsl r9sourc8$ expgnded 400,706 400.706 350,242 350.242 Operating surplusl(d&fi¢it} 26,414 26,414 159,0421 {59,0421 Net gainslltossesl on investments 56,120 56,120 113.2731 113,2731 Net movement In funds 26.414 56,120 82.534 {59.042) 113.273) {72,315) Fund balances at l January 2021 7.284.437 360.561 1,644,998 1,343,479 373,834 1.717.313 Fund balan¢•s at 31 Dècè1nb 2021 1.310.851 416,681 1,727,532 1.284.437 360.561 1,644,998 The statement of financial actItieS indudes all gains and10sses reccgnised in the year. All income and expenditure derive from continuing aclivilies.
SOCIETY OF FRIENDS - CHARNEY MANOR BALANCE SHEET AS A T 31 DECEMBER 2021 2021 2020 Notes Fixed assets Tangible assets Investments 10 11 1,351.008 316.823 1.385,981 285,865 1.667.831 1.671,846 Current assets Stock5 Debtors Cash al bank and in hand 12 13 2.800 20,645 225,534 2.800 4,171 96,001 248,979 102,972 Cr8ditors: amounts falllng due withln on• y•ar 15 176.0241 (66.5661 Net current assets 172.955 36,406 Totsl assets less current liabilities 1,840.786 1,708,252 CreditOTS: amounts falllng due aftar moro than one year 16 {113,2541 (63.254) Net assets 1,727.532 1,644,998 Designated fvnds- general 416,681 360,561 Unrestricted funds 1.310.851 1,284,437 1.727.532 1,644,998 In preparing these financial slalemenls as Tnjslees we hereby confirm= {al that forthe year in question the Trust was entiued lo the exemption conferr1 by sectron 145 of the Charities Act 2011 and Ib) we ad(nowledge our responsibilities for. maintaining proper aCCOLtnling records and for preparing accounts which have been prepared in accordance with the Charities A¢1 2011. The frnancial staternents were approved by the Tnjslees on ................4 .WU1 Lo li Robert Kyte (Freasu Trustee appointed 27th May 20211
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 A¢countlng policies Charity inforrnatlon Sctiety of Friends- Chamey Manor is a registered charity. 1.1 Accountlng convention The financial slalemenls have been wepared In accordance with the charity's goveming document, the Charities Act 2011. FRS 102'The Financial Reporbng Standard applir2ble in the UK and RepubJi¢ of Ireland. I"FRS 102.1 and the Charities SORP 'Accounling and ReportTng by Charities.. Slalement of Recommended Practice applicabie lo chaTilie5 preparing their accounts in accordance w+th the Financial Repthng Standard applicable in the UK and Republic of Irdand IFRS 1021" leffecliv8 1 January 2019). The charity is a Publrc Benefit Entsty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Ststement of Cash Flows. The financial statements have departed from the Charities {Accounts arKI Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Slalemenl of Recommended Practi for charities applying FRS 102 rather than the version of the Ststement of Recommended Practke which is referred lo in the Regulations bul which has since been withdrawn. The financi81 statements are prepared in sterling. which is the functional cunency of the charity. Monetary amounts in these financial statements ar8 rounded to the nearest £. The financial ststements have been ppared under the historical cost convention. Imodified lo indude the revaluation of freehold properties and to indude investment properties and certain financial inslnlments at fair valuel. The princip81 accounting Fdicies a¢Jopled are set out below. 1.2 Going concom At the time of approving the finarrial statements, the trustees have 8 reasonable expe¢tstion that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the golng concem basis of accounting in prep3rtng the financial stslemenl5. 1.3 Charitabla funds Unrestricted fijnds are availabl& for use al the discretion of the twslees In furthèrance of their charitable jecbves. Reslrfcled funds are subject lo specific conditions by donors as lo how they may be used. The purpcsses and uses of the stricted fvnds are set out in the notes to the financial statements. Endowment funds are subject lo specific condltlons by donor5 that the capttal musl be maintained bylhe chadty. 1.4 In¢ome Income is recognlsed when the charity is legally enliued lo it 8fter any perfornian conditions have been me( the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless perforrnan conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift AKI or deeds of o)venanl is recognised at the time of the donatlon.
SOCIETY OF FRIENDS - CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Ac¢ount+ng policies Legacies are recognised on recetpl or olheThvlse rf the charity has been nolified of 8n impending distribution, the amount is krn)wn, and receipt is expected. If the afflounl is not known, the legacy is treated as a contingent asset. 1.5 ExF*nditu Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be reqijired in settlement, and the amount of the obligation can be measur8d rèliably. Expenditure is dassified by activity. The costs ofea¢h activity are made up of the lotsl ofd1Ctc05ts and shared costs, including support costs involved in undertaking each 8clivity. Direct costs attributable to a single activity are allocated direcuy lo that act¢vity. Shared costs which o)ntribute lo more than one aclniity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consislentwith the use of resources. Central staff wsls are allocated on the basis of time spent, and depreciatlon charges are allocated on the portion of the ass&Ys use. 1.6 Tangib fixed assets Tangible fixed assets are initially measLbred al cost and subsequently measured at cost or valuation. net of depreciation and any impairment Iosw5. D8pre¢ialion is recognised so as to lte off the cost orvalualion of assets less thelr residual valLies over their useful lives on the following bases.. Buildlngs Equipment Land 1% straight line 15Yo slraighl line 33.3% slraighl line The gain or loss arising on the distK)sal of an asset is delemined as the difference been the sale proceeds ènd the carrying value of the asset, and is recognised in the slalemenl of financlal 8elwilies. 1.7 Cash and cash equlval8nts Cash and cash eouivalents include cash in hand. dep)$118 held at call with banks, other short-lemi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts a sho within l)orrowings in current liabilities. 1.8 Financial instruments The charity has elected to applythe provisions of Section 11 'Basic Financjal Instruments, and Section 12'01her Financial Instruments Issues, of FRS 102 to all of ils financlal instruments. Financial instnJm8nts are reccbJr7ised in the charitys balance sheet when the charity becomes paty to the contractual PTovisions of the instrument Financial assets and liabilities are offset. with the netanyjunts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts 8nd the is an intention to settle on 8 net basis or to realise the asset and settle the liability stmultaneously. Ba¢ financial assets Basic finala1 assets, which indude debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are sUbSequenY carried al amortised cost using the effe1ve interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rale of interest. Financial assets classified as recelvable within one year are not 8mortised. io-
SOCIETY OF FRIENDS - CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 A¢countlng policies Baslc financial liabilities Basic financial liabilities, including creditors and bank loans are Inllially recognised al transaction price unless the arrangement ¢onslilules a financing transaction, where the debt instrument is measured atlhe piesentvalue of the fulure payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instnjments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are okligalions to pay for goods or seryices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they a presented as n0n-¢urnt liabilities. Trade creditors are recognised initially al Iransacbon price and subsequently m88sured at amorbsed cost using the effeetive interest method. Donations and legacies Unrestricted Unrestricted funds funds 2021 2020 Donations and gifts Grants 27,184 28,057 27.100 25.000 55,241 52,100 Income from charitable activitie$ Unrestrlcted Unrestricted funds funds 2021 2020 The Gilletts Cottage The Bam Residential conference5 and retreats Bed and breakfast Queker courses Quaker meeting5 and other income 24,676 10,557 108,384 32,487 27.100 18,778 99.510 14,298 8e3 978 13,525 289,629 152,429
SOCIETY OF FRIENDS - CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Invostments Unrestrlctgd Unrestrtcted nds funds 2021 2020 Investffient income 187 Other income Unrestrictsd Unrestricted funds funds 2021 2020 HMRC Furlough 82,063 85.845 12-
SOCIETY OF FRIENDS - CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Expenditure on charltable activtties UnrestrScted Unrestricted 2021 2020 Staff costs Depreciation and impairment 225,474 34,973 25,260 192,479 34.974 14,780 7,388 2,179 11,014 25.623 24,512 2.793 9.421 549 5,103 Housekeeping and laundry Rates Insurance Light and heal Repairs and replacements Garden upkeep Printing. postage, slalionery. telephone & rnputer Travel and transport Miscellaneous Bursaries Items for sale Advertising Staff training Bookings & conference expenses 2,476 11,521 29,450 34,251 1.065 13,591 151 10.951 619 4.894 718 144 5.031 1,145 402,838 337,211 Quaker COUTse organisation Costs (see note) Govemance costs (see nolel 9,868 8,163 2,938 405.776 355,242 13-
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Support ¢osts Support Govemanc8 costs costs 2021 sUprt costs Govemance costs 2020 Stsff costs Course administration costs (salaries) Course organiser. bursary help and travel 5,900 8,624 8.624 1.244 1.244 lJKlependenl examination 1,500 1,412 26 920 1,080 263 920 1,080 263 Bank charges Committee travel 1,412 26 2.938 2.938 9,868 8.163 18,031 Analysed beNveen Ch8ritsble activities 2,938 2,938 9,868 8,163 18.031 None of the trustees lor any persons connected wtth them) received any remuneration or benèfits from the chaTity during the year. Employees The average monthly number of employees during the year was.. 2021 Numbgr 2020 Number 15 15 Employment costs 2021 2020 Wages and salaries 225.474 198.379 There were no employees whose annual rerwnoralion was more than £60.000. 14-
SOCIETY OF FRIENDS - CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 10 Tangible fixed assets Bulldlngs qulwnont Total Cost At 1 January 2021 1,926,414 55.793 1,982.207 At 31 December 2021 1,926.414 1,982.207 Dgpraciation and impairnient Al 1 January 2021 Depreciatron charged in the year 541.832 33,574 54,394 1.399 s,226 34,973 At 31 December 2021 575,406 55,793 631,199 Carying amount At 31 December 2021 1,351,008 1,351.008 At 31 December 2020 1,384.582 1.399 1,385.981 11 Fix8d asset Investments Listed invo$tments Cost or valuation At 1 January2021 Valuation changes Disposals 285,865 56.120 (25,162) Al 31 December 2021 316,823 Carrylng amount At 31 December 2021 316.823 At 310ecember 2020 285.865 12 Stocks 2021 2020 Finished goods and goods for resale 2,800 2.800 15-
SOCIETY OF FRIENDS - CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 13 Debtors 2020 Amounts falling due within one year Trade debtors Other deblo Prepayments and accrued income 10.906 1,287 2.884 9.739 20,645 4.171 14 Loans and overdrafts 2021 2020 Bank loans 50,000 PayatAe after one year 50,000 During the year a bounce back loan of £50.000 was taken OUL This is repayable over 6 year5. Svith no repayments in the first year, and incurs interest at 2.5% per annum. 15 Creditors: amounts falllng due within ong year 2021 2020 Nolas Other taxation and soci81 security Detx)sits in advance Trade creditors Other creditors Accruals and deferred income 15.298 50.117 7,334 1,775 1,500 15.813 44.365 4,501 1,887 76,024 66.566 16 Creditors: amounts falllng due after more than one year 2021 2020 Notes Bank loans (Covid bounceback loan) Other creditors 14 50.000 63.254 63.254 113,254 63,254 16-
SOCIETY OF FRIENDS - CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 17 Analysls of net assets tween unr8stri¢ted funds Capital Building account repair fund Frgghold Income and property expenditure fund account 2021 Total Total 2021 2021 2021 2021 2020 At 1 January2021 IrKoming rosources Resources expended Extraordinary items Gains on investrnenl 340.561 20.000 1,384,582 {100.145) 1.644.998 1.717.313 427.120 427,120 291,200 133.5741 {372.2021 1405,7761 1355,2421 5.070 5.070 5.000 {13.2731 56,120 At 31 December 2021 Investmer Tangible fixed assets Net current assets Long term liability 396,681 316,823 20,000 1,351,008 140,1571 1.727,532 1.644.998 316.823 285.865 1,357,IX)8 1,385,981 73,097 172.955 36.406 {113.254) (113.2541 163.2541 1.351.008 79,858 20,000 At 31 December 2021 396,681 20,OLNJ 1,351,008 140.1571 1,727.532 1,644.998 Capltal account Represents the Winifred Potter bequest. the income from which 18 used for the ¢harilable purposgs of Chamey Manor. Building repair fund To meet the future costs of repair work. 18 Related party transactions There were no disdosable related party transactions during the year12020- none). 17-