Charlty r•ghtr•tlon numb•r 237267 IEngl4nd and W•l••) SOCIETY OF FRIENDS- CHARNEY MANOR ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SOCIETY OF FRIENDS- CHARNEY MANOR LEGAL AND ADMINISTRATIVE INFORMATION Tru¥t DetrA)rah AowSmIlh Janet Hadand Peter Wilkinson Susan Hall Sarah Gillett K Y Harris (Appointe(19 July 20241 (Appointed 8 Ociober 20241 Ch•rtty numbor (Engknnd and W•kn} 237267 Ind•wnd•nt ¢xamln•r Grawta Audit Oxford LLP First Floor, Park Central 4N1 Park End Street Oxfoid OX1 1JD nkern Bardays Bank UK PLC
SOCIETY OF FRIENDS- CHARNEY MANOR CONTENTS Pag• TNstees' report Irependent examine¢s report Slatemenl of finanual actiwii&s Balance sheet Notes lo the finanrial staloments 9-17
SOCIETY OF FRIENDS- CHARNEY MANOR TRUSTEES. REPORT FOR THE YEAR ENDEO 31 DECEMBER 2024 The Trustees presefil their annual report and finanoal statements for the year ended 31 Decembef 2024. Chamey Manor w88 placed al the di8posal of Friends Trusts Limited lor use by Ihe Religious Soaety of Friends by Henry & Lucy Gillett in a dedaration of Trust dated 21 January 1949. Subsequenlly 8 stherne fow Chamey Manor, induding the appointm8nt of twslees, was sealed by Ihe Charity Commissioners on 12 July 1985 under charity reference 237267. OwneTship was transferred lo London Yearly Meetsng, the governing body ol the Religious Sou'èty ol Friends. On 4 May 1999 Ihe Charity Commi$$ioners amended the governing document for Charney Manor involved the appointmant of new Iruslees. Ownership has been transferred trom Brrtain Yearty Meeting, SUC550rS to London Yearly Meeting, lo the new tWStees as the goveming body for Cham8y Manor. Chamey Manor ha5 aordingty now been induded as an asset on the balance sheèt. The finanoal stslements have been prepared in acc4Jrdance with the accountsng pl¢le$ sel out in note 1 to the finanual Statements and eompty vrith the Charivs governing d¢)cumènt, the Charities Acl 2011 and"Accounting and Reporting by Charrties.. Stslemenl of Recomrnended PiactKe appli¢abSe to charities preparing their acLounls in acwrdan(% with the Finanejal ReportJ"ng Standard 8ppli¢abb in thè UK and Republic of Ir8land IFRS 102)" leffè¢tive 1 January 20191. Obl•¢tlvè¥ and 4ciivltl•$ The land an¢J buildings afe to be used fow 5uth religious Hnd othaf charitable puOseS of the Religious Sw"ety of Frienijs as the Managing Tnjslees think fft and in particular as a venue for confererHx8. leclures and other edvcational purposes. Achlevements •nd p•rfonNn¢¢ SW¢8nt adivities and achi8vemonls against obi8clry&s Thè primary activty of Charney Manor is as a re&denlial Conference and Retreat Centre. Programmes are organised to explore these and other Televanl aaS.. . Approaches to prayer arHI the Bible Person ¥elationships as a path to spiiilual growth Interfaith dialogue • Concem for the worfd .Aspecls of the arts • Aspect5 of the x?ences During 2024 other thurch and faitti groups used the Manor on several oc£asion5 and there were also bookn.ngs for arts and Spiriiual development evenls arHI wrTbn9 retreats. Olher bookngs We related to edUcatn arHI other charities. and the NHS used the Manor for management, and slaff training. There were 8 number of bookings for personal development work. Tru¥tse mo10*. The Twstees and Advisors met as a body on nin& Oa$lonS together with the Manager Gill Peaston. Subgroups of Trustees also met in person or on Zoom e.g. lo process the transitM)n lo CIO stslus. Publk B•n•fft The Trustees are mindftd of their duty lo ensure Ihat the charitys activities exi51 for the public benefft. Thgy ha cg)nsid&red Charity Commission guIdare 8nd are sats"sfied that the perfornance and achievements of the ¢harity during the ye8f. as oullined below, are cxJn5iStenl wrth this duty. Most ol the retreats and conlerences organised by other groups (apart from those restricted to particular congregatK)ns) are op¢n lo all and are advert as such.
SOCIETY OF FRIENDS- CHARNEY MANOR TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 RtrICtIon• to th• bulldlng As a Gradè 1 listed buildlng there are strid regulations which do not 8llow atterations lo the fabric of the Manor building. We a not. for example, permitted lo install a lfft lo facilrtale arKe8$ by disabled persons lo me•tings in the 13th century Solar on the 131 tloor in the mar[. The buildings are.. The Manor Houso. iThJuding the Solar and Utmlercroft dating from the 13th rantury. Iho Manor 8am converted into a main conlerence fac¢lty, th& Vokins building which contains Tesideniial accommodation and the Gilletts Cottage for additional accommodation lor rèsidential fatraals or hired by famili&s or self-catering groups. On 2 May 2000 the buildings were professionally valued. on an existing uso basis. The balance shè8t r8cords thè value ol building developments and arxumulated depre¢iolion. In 1987 the sety recaived a bequest from the estale of Wnlfr¢d Potter for Ihe charitable purposes of Chamey Manor. The capital is held a8 8 designated lund wfth lh• in¢omg applied as revenue for general purpos48. Insurance value5. on a replacemont basis, with Ansv8r Insuroncg ore.. - Building$ £12,052.004.OJ Contents £S50.000.fy) Own•rnhlp The property of Chamey Manor and its investments ar& held by Friend$ Trusts Limited as the Custodian Trustee. 3t•ff Gill Peaslon 1$ th8 non•residenl manager in charge ol the operallon of Chamey Manor and reports dirgdly lo the Trustè& body. Sho is as8islei1 by a staff of 15 people induding an Assi5tanl Manager, a Finance Adminlslralor. Office Administrator.. Catering Manager and Housekeew'ng Suptrrwsor. A Reen1 Warden is also availabltr lo help with g&noral dLrties. Oullook •nd •ub••qu•nt •v•nts 2024 account5 shrm a d8ficrt despite reasonabl8 levels of bookings. Catering, luel. Eledricity and staffing cos18 have been very high. bul the other unexpected expense has been th& high eo$l8 of profèssv)nal advico in our move towards becomlThJ 8 charitable inrporated organl8alion and 8 Iradlng company. registered Society ol Friends Charney Manor CIO Iregistralion number 12030S71 on 15 May 2023 and Chamey Manor Limrted (registration number 153103771 was incorporated on 27 November 2023. Neilhei of Ih&se organisations are ytsl active as we have lo ensure Ihal all processes are securefy in place before we make the changes. The CIO is set to begin trading on the 111 January 2025. minor change lo the wording of the Charity's Pemianenl Endowment ¢onneded wlth Ihe thgnp$ lo th organisalion has been agreed wrth the Charity Commission. Fln•ncl•l r•vl•w Chamey Manor reo)Tded InMe for the year of £800.688 12023.. £653.4841 and lotal expenditure of £707,e69 12023.. £708.11. The net movement in funds was a deficil of £100.30812023'. defiryl of £37,749). Total resems al 31 December 2024 wer& £1,452.078 12023.. £1,552,386). W)ile the Iruslees consid&r that th& charity's re3èm$ rgmain 8daquat& for rts immediate nèèds the defiats over the pa51 three year5 are a c8use for nc•M and Irusl••8 ore taking step$ to en$u¥e th? chanty tm$ lo a p0son where income at a3{ malchts exponditurp. R•••rvK Pollcy In acc{danCe wrth generalfy accepted be51 practio li 1$ th& poll¢y of tho Trusteei lo malntaln • balan¢6 on fre• cash and lisl•d invgstment ¥e5eNes equivalent lo Ihree lo SIX monlhs unrestrKted expendilura {i.e. a rango of £180.000 to £360,IXJOI to alltsw the charrty lo accommodate any foro30è8bl8 short-lenn Iluctuatlons in InM0.
SOCIETY OF FRIENDS- CHARNEY MANOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structur•. gov•rnan¢• •nd m•n*9•m•nt The Trustees who seryed during the y&8r and up lo the date of sign8tsJre of the financial slat8monts were: Deborah Arrowsmrth Janel Harfand Slew8rt Jefftey Katharine Nicholas Alan Peam)ain Peter WThlkinson Andrew Tacon Susan Hall Sarnh Gillett KYHams (Appointed 31 March 2024 and feslJn•(13 Soptèmb•r 20241 (Resigned 31 March 20241 (Rosi9d 11 Mareh 20251 {Appointed 18 April 2024 and deceased 13 March 20251 (Appointed 9 Juty 20241 (Appomted 8 Odober 20241 R•crnilrn&nt and wc¥"rtm&nt 011nte&S Tho Trustoes. roport was approved by th• Board ol Twste•$. Oeborah Affcw43mtth Tru•t••
SOCIETY OF FRIENDS- CHARNEY MANOR STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are rèsponsible frji preparing the Trustees, Report and the finanaal statemen15 in accordance with applicable law and uned Kingdom Ar£ountin9 Standards (Unrted "n9Orn G&ngrally Acc&pled AcUntIng Practice). The 18w applicab lo charities in England and Wale5 fequir•s the Trustee$ to prepare finanThal Slattrments for each finanual year wh+ch giv& a tnjg and lair view of the state of affairs of the Charity and of the incoming resovrc&$ and 8pplicatKJn of Trsourcos of the Ch4nty IDr that year. In preparing these finanal statem&nts, the TTuslees are required to.. - sèleGI suiiable accountsng poliaas and theft appty Ihern consi5tanity', - observe the melhods and prineJFAè$ in th& Charities SORP.. make judg&m&nts and estimalès Ihal ar& rèasonable and pnjdenl.. State wh•ther apph"CAble a¢¢ounliiig $landards have been followed. subJe¢l lo any mal•rial departuras dl$dosfjd and explained in the finanaal $tst•m•nts," an*Y prapar• the finantyal stsl•monl$ on th• going ¢onc•m basis unhss rt 1$ inappfoprial• lo wesume that the chafity IM c&)nlinutr tn operat. The Tru$leos ère responsible for kgeping suffi¢i•nt accounting recd8 that disdose with reasonable arLufaq at any lime the finanrial posib.on of th8 Charty and enable them to ensure that the finanaal stalem6nls comply with the Charities Act 2011. the Ch8¢ty IAco)unts and Reports) ReguOn5 2008 and the provisions of Ihe trust deed. They are also responsibFe for sale9uarding the assets of the Charity and hence lor taking reasonal>lo steps for lh• prevantion and detection of fraud and other irregulanties.
SOCIETY OF FRIENDS- CHARNEY MANOR INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOCIETY OF FRIENDS- CHARNEY MANOR I report to the Trustees on my examination of the finanrjal slalemenls of SorAety of Friends - Chamey Manor Ilhe Chantyl lor th& yèar ended 31 December 2024. RPOnSibl11ti and basis of rnport As the Twstees ofthe Charrty you are responsib for the preparation of the finanual stslemenls in accordance with thè quIreMents of the Charities Act 2011. I Tespect of my examination Df the Charity's finanual stat8m8nts Md out under seclion 145 of the Charities Ad 2011. In carying OLrt my examinahon I have followed the Difects'ons given by the Charity Commi55ion under secb.on 14515}Ibl of th& Char5ties Ad 2011. Ind•p•ndent •xamln•rf$ ststsment Since the Gharity's gross income exceèded £250,000, the independent examiner must be a member of a body listed in section 145 01 the Charities Ad 2011. I confimi that l am qualified to undertake the examination because I am a member of ihe ICAEW. which is on¢ ofthe listed bodies. Your attentKsn is drawn to the faci that the Charty has prepaied the fin8ncial slalemenls in ac¢oTdan¢e with the relevanl veNon of the Statement of Recommènded Pracb"¢e applicable lo chafrtles preparing their finan¢yal statèments in ac(x)rdance with the Finanoal Reporting Stsndard appli13ble in the UK and Republic ol Iland IFRS 102} in prefèrence to the Aco)unting and Reports'ng by Charities". Statement ol Recommended Praetice issued on 1 April 2005 whith 1$ ferred to in the extant regulations but has now been wilhdrawn. l understand that this has been done in order for thè financial statements lo prowde a tnje and fair in accordance with UK Generally Accepted Acg)unb"ng Pra("ce. I have completed my examination. I confimi that no matters haw come to my attention in connection with the èxamination gimng me cause to beJve that in any material respect.. accounting recnrds were not kèpt in respecl of Ihe Charity as required by seclion 130 of the Chariiiè$AL# 2011. the finanrjal 51alements do not accL)rd with those records,. or the finanoal statements do not compty with the applicable requirements conceming the fomi and content of finanrjal stslements set out in the Charities lAcunIS and Reportsl Regulations 2008 other than any requifemenl th8t the finanaal ststemtrnls give a true and fair v, which is not a matter considered as part of an independent examination. I have no concems and have L¥)me across no other matters in connection with the examinalitsn lo which att8nbon sh)ukl be drawn in this report irF order lo gnabk a woper understsnding ol the finan¢lal statements lo be rgached. Gary Pready FCA Gravtta Audlt Oxford LLP First Floor. Park Central 4041 Part( End Street Oxford OX1 1JD Date.. 1nlS12Q25...
SOCIETY OF FRIENDS- CHARNEY MANOR STATEMENT OF FINANCIALACTMTIES FOR ThIE YEAR ENDED 31 DECEMBER 2024 Unrutricted Restrlcted Doslgnated fvnds funds funds 2024 2024 2024 Total Unrostrlctsd Dubgnat•d funds funds 2023 2023 Total 21)24 2023 31.561 564.071 34.S51 564.071 35,660 616.299 1,525 35.660 616.299 1,525 Chaiitable athil 597.688 61x1,688 653,484 653.484 704,669 707.669 708,%1 708,961 704.869 707.669 708.1 708.961 N8t gain15$$) ¥iv8sknents 6.673 6,673 17.728 17.728 N•t Incom&l{•xwdlturn) and mo¥•m•nt In fund• (l(K,981) 6,673 (11Nj,>Bl 155,4771 17.728 137.749) Fund balan * 1 January 2024 1.180.798 391,588 1.552.386 1.216,275 373,860 1,590,135 Fund b•l•nu• •t 31 0•c•ffl 2024 1.053.817 398.261 1,4S2.078 1,160.798 391,588 1,552.366 The $tat•menl offfin•n(yal acb4fjbgs indth alb 9ains h)s8es re¢ogrd$8d in Ihe year. Al Income and e¥pgnthture derivo from continuing actiWb'&$.
SOCIETY OF FRIENDS- CHARNEY MANOR BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Not• Flx•d •$$•ts Tangible assets Investments 11 12 1,258.677 173,403 1,284,045 166.730 1,432.080 1.450,T75 Current aM•ts Stocks Debtor5 Cash at bank and in hand 13 14 2,8fKJ 15,845 13B,347 2,800 25,206 216.247 156,992 244.253 Crndltorn". amounts falling du• wlthln y•ar {112.953) {105,3821 N•t ¢urr•nt 44,039 138.871 Total aM•ts l•$• ¢urr•nt Ilablliti• 1,476,119 1.589.646 Cmdltors: amounts hlllng du• aft•r more than on• y•ar 17 124,041) (37,260) 14•t ass•ts 1,452.078 1.552,386 Th¢ funds ofthe Charlty Desgnated funds- general Unrestricted fvnds 398.261 1.053,817 391,588 1.160,798 1.452.078 1,552,386 In preparing these finanaal stslements as Trustee5 we hèreby eonfim).. (al that lor the yoar in question the TfUS1 was enb.lled to the exgmplion oyrferre(I by section 145 of th8 CharitssAct 20118nd {bl we acknow our resrMsitMtrtie5 for.. maintaining proper ac¢>)unting record$ and for prepamg accounts have be pared in a0)xd the Chartties Act 2011. TnMt••
SOCIETY OF FRIENDS- CHARNEY MANOR STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note¥ Cash flows from 0ratIng a¢tlvltlo• Cash absorbed by operabons 21 (56.833) 198,047) Investing acIl¥l•S Purchase of tangible fixed assets Proceeds from disposal ol investmerrts Investment income received 112.445) 127n 125,000 1.525 Net cash lumd inyg•n•rat•d from invuting •ctivlti 110,3891 126,248 Flnancing activities Repaymant of bank loans {10.6781 19,0441 N•t cash us•d in financing •¢Ovitl 110,6781 (9.044) N•t Id•cr•aseiflncr•* in ¢a$h and eash •quival•nts 177,900) 19.157 Cash and cash equivalents at beginning of year 216.247 197,0 CMh •nd #h •qulval•nts at ènd of y••r 138.347 216,247
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Aecountlng polick Charlty inf0mtion Souety ol Friends- Chamey Manor is a registered ¢hanty. 1.1 AGcounting conv•ntlon The finantyal Statements have been prepared in accordance with the Charity5 govtrming documènt, the ChariliÈ$ Act 2011. FRS 102 'The Financial Reporting Standard applicable in the UK and Republie ol Iland. CFRS 102.1 and the Charities SORP "Accounting and Reporting by Ch8rrties". Stalement ol Recomrnended Practice applble to chantiès preparing their accounts in accx)rdance wjth th& Finangal Reporting Standard applicable In the UK and Republ ol Ireland IFRS 102}" leffectivtr 1 January 20191. The Chanty is a Public Benefrt Enlty as defined by FRS 102. The finanaal statemenls have departed from thè Chariliès (Accounts and Reports) RegUlatS 2008 only lo the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charrties apptying FRS 102 rather than the version of the Statement of Recommended PraCe whi¢h is referred to in thtr RegukgtH>ns but whith ha& since been wrthdfawn. The financial statements are preparod in sleding. which is th8 fUn(Aal rre of the ChBnty. Monetary amounts in these finanrial slalem&nts ar8 roundéd to the neaf8St £. The financial statements have been prepared under the historical cost convents'on. rnodffi lo indude the revaluation of freehold prope5 and to indude investment properties and certain finanaal instruments at fair Value. The princApal a¢¢ounting polioes adopted a set out below. 1.2 Golng conc•rn At the time of 8pprowng the financsal stslemenl$, the Trust¢&$ ha a reasonable expeclation that the Charity has adequate resources to continue in operalional &xi$ten¢e the I0seeable future. Thus the Trustees ¢ontinue to adopt the go9 conrn basis of acfxjunb.ng in preparing the finanual statements. 1.3 Charttsbh fvnds UnrestrKaèd fuNls arg available for at tho dtscretion of thfj Trustees in furtherance of their ¢hafitabie obl've5. Restricted funds are subject to 5peryfic o)ndbtity)s by donors or grar71ors a5 to hcw they may be used. The purposes and uses of the r&strid¢d lunds are sel out in the notes lo the financial $latemenls. Endowment funds are subje¢ to spwific QVKlitsons by donorn thal the ¢aprtal musl be maintained by the Charity. 1A Iorn• Income is rgo)gnised the Chaiity is b8gaty entiued lo it after any perfonnance coThJitb$ have b¢en meL the amounts can mtra8ured rel, and il wobable that income will be recei. Cath donath)ns are rwi¥ed on r8ceOpL Other donati are re¢ognised once thè Chaity has bn nolffièd of the dti. perfwmm ¢xndilions require derTaI of the amount. Inojffle lax recoverable In relat to r8cw4ed under GiftAhJ or deeds of covanant 15 Tecogni5ed at the time ofthe donation. L8g•J•s are rownl8ed on recelpt or oth8Th11 th& Charity has beon nolffied of an Impondlng dlslrfbulion. the amount h kn¢y*n, aNI rec•lpt 58 exped. W thè amount 18 not knrmn, th8 legacy is Iwle(l as a cOna•nI 488•t
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polici IContlnu•dl 1.5 Expendliur• Expenditure is recognised once there is a legal or ¢onstnJthve obligatth) to transfer economic benefrt lo 8 thiid party, it is probable that a transfer ol economi¢ benefits vill b• wuÈre<l in settlement, and the amount of the obligalion can be measured Teliabty. Expenditure is da55ified by activity. The costs of eath aCtIty are made up of Ihe total of dired costs and shared ¢xisls. including 5UPPOrt cos15 Involved in undertaking each activty. Direct Costs attributablè to a single adiwty afe allo(3ted directly to that adiwty. Shared costs which conthbirte to more than one activity and support costs whith are not attributable to a singlè actsty arè apportionèd between those activrti6s on a basis consi51enl with the use ol reSoUrs. Cèntral staff costs afe allocaled on the basis ol time spent, and epre(iatKtrn charges are allocated on the portion of the asset's use. 1.6 Tanglbl• flx•d assets Tangle fixed as5els arè inFtially measured al cost and 5ub5equenlty measured at cost or valuation. nèt of deprecAation and any impairment10s5es. Depre¢iabon is COgnised so as lo write off Ihe cost or valuation of assets18SS thair reSu values over their uselul lives on the following base5'. Buildings Er4uipment 1% slraighl line 15% straight line 33.3% slraighl lin& The gain or loss arising on Ihe disposal of an assel is detemilned as the difference beeen the sale PrOdS and the carryng ¥e of the as5el, and is recognised in the statement of financial activit$. 1.7 Cash and ca$h qulval•nts Cash and Cash equivalents indudtr cash in hand. dep05rts k1 at call with banks. othef shOrt-le l•]uid investments wrth original malurilies of three months crflgss, and bank overdrafts. Bank ovèrdrafts are shown within borrowings in current liabililia$. 1.8 Flnanclal Instrum•nts The Chanty has elected to apply the of secti 11 'BaS Financial Instruments. and Section 12 'Othef Financial Instruments Issues, of FRS 102 10 411 of ts fmancial instrufflents. Fnanrial instrnments a fecg)gni8ed in the CharW$ tsala sheet en the Charty bec¢mes paty to the cxtrntractual prOS)n$ ofthe instrumenL Finan¢ial assets and liabilib•$ ore ¢)ffwt, thg net amounts prgsenled in the finanoal statements, when there is a legally enfor¢¢ablg h1 to set off the recognised amounts and there is an 1fttent lo setljo on a net ba3 or to r@ab. the a88at and Séttte the liality simuftaneously. Ba finartial assets, IncJd• dtbtorn and cash and bank balances. are Inrtldty mgasured al transaLn In¢Jd*vJ trAns•#knn o)sts and arè subsequenlty carried al 4morU¥ed ¢081 u8lng th8 &ffective interèst m•lhod l1$ t afrnr¥Jement constitutes a finandng trans#¢tk)n, wherè tho transaction is moaswfjd al the w•s•nt v4lutr ol tho fuluf• r•c•lpts diOnId It a mathol rats of ts)laiesl. Fuian¢ial assets dasslfdd •s r•cd¥atle vAthln yew ar• not •morU80d. 10-
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢l IContlnu•dl B•sle Ilnan¢ll Il•bllltl•¥ Basic finanaal liabilitiès. Induding creililors and bank loans are inibally recognise<l at transaction price Un the arrangemgnt conslilults a fin¥nryng tran5acts'on. where the d¢bt instrument 18 mgasured at the Pro$t value of the futur& payments discounted al a rnarkel rale ol interest. FinancAal liathlrts dassffiod as payable within one yeaf are not amortised. Debt inslnjments are subs8qugntty carried at amortisod cost. using the effective Interest rat8 molhod. Trade creditors are obligations to pay for goods or Services thal have been acquired in the ordinary courst of opefations from suppliers. Amounts payable are classified as cuent liabilitie$ if payment is due within one year or less. If not. Ihey are presented as non.current Ibabiliti&$. Tradè uaditors are recognised inrtialty at transactn pri¢0 and subsequently measured 41 amortised c¢sl usin9 the effocliv• intorost method. Incom• from don•tlon• Ind l•g•¢1•• Unr••trlct•d R••trlct•d fund• fund• 2024 2024 Totsl Unrt•trlct•d RMtrlct•d lund• nd• 2023 2023 Total 2024 2023 Donotions and gifts Grants 31,561 31.581 35.880 31,561 34,581 35,e60 35.860 Incom• from ¢harft•bl• •ctfvlll•• Unmtrlct•d Unmtrl¢t•d lund• fund• 2024 2023 Ch•rtl•bl• actlvltl•• Th& Gilletts Gotlage Th& 8am Rfjsthtial c4Jnferenctt and rotre•ts and breaklast Quaker mteting8 and otr 25,783 108,103 356,970 S8,795 14,440 23,056 13,243 S10,762 42,394 584.071 616.299 11
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• Irom Inv¢•tm•nts Unfutrlct•d Unr••trlct•d fund• lund• 2024 2023 Other Income 2.058 1,525 Exp•ndltur• on ¢h•rttsbh •¢llvltl Tot•1 2024 Total 2023 Dlrnct ¢ts Staff costs Oepreaation and Impairnont 375,184 37,814 82,383 12.836 7,616 16,324 45.078 37,876 22,929 15,139 327.399 33.886 87.868 12.405 7.335 14.881 44.847 S2.497 11,265 14,8 Housek88pin9 and laundry Insuranc8 Light and heal Repairs and r•plac•ments Garden upkeep Pnnling, poslag8. Stationary, telèphone & o)mput•r Travel and transport Misctrllangous Items for sa Adverti51n9 Stsff traininq ProlessKJnal f•es 41,204 839 7.325 2,322 17.550 39,494 889 9,251 834 4S.437 702,498 702,747 Sh•r• of •upport •nd qov•rninc• co•ts (••• not• 61 Goveman¢¢ 5,171 6.214 707,669 708.961 Anal1¥ by lund Unrestrided fimds Restricaed furKIs 704,869 708,981 707,689 708.931 12-
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Support allocat•d to actlvltb• Totsl 2024 Totsl 2023 Goveman¢e 5.171 6,214 2024 2023 Gov•rnanc• ¢oThpri••: Audit fees Bank chargès Committee travel 2.7 2.195 276 250 5.171 6.214 N•t movem•nt in lund• 2024 2023 The net movement in frjnds is Sts1 after ¢harginglleJediting): Fees payable for the independent examinat ofthts charivs finaral ststements Dèprecial)n ol tsngltrje fixed a$sets 2,700 37.814 33,666 Trust••s None of the Tru$lees lor any r$onS connected with them) received any remuneration during the year. 2 Tru$lees were reimixwsod a tolal of £392 for expenses12023- £Nill. Employ• The average monthty numb•r ofempk)yee$ during thg year was: 2024 Mumb•r 2023 Numb•r 15 15 2024 2023 Wages salaries R•knMent ben&fft ob19ab adjustmont 375,184 375.c0 {47,6611 375,184 327,399 13-
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 T•xatbon The charity is exempl from laxalion on ily actithties becau58 all 115 incom is applied for charitablg purpos8$. 11 T•nglbl• flx•d ••••ts Bulldlfi Equlpnrt Co$t Al 1 January 2024 Additions 1.928,415 56,070 1,982,485 12,445 12,445 Al 31 December 2024 1.928,415 88,515 1,994,930 D•pr•cl•Uon •nd Imp•lnn•nt At 1 January 2024 DePrallOn dlarged Sn the ye¥f 642,554 33,574 55.885 4.240 898.439 37.814 Al 31 D•cemb•r 2024 676.128 80.125 736.253 C•rrylng amount Al 31 D8Mb81 2024 1,250.287 8,39J 1,258,877 Al 31 December 2023 1,283,860 185 1,284,045 12 Flx•d a#••t Inw•bn•nt• Ll•tsd Inv••tm•nts Co•t or v•lu•tlon At 1 January 2024 Valualh)n Langg8 1e6,730 6,873 Al 31 Decemr 2024 173,403 C•rrylng •mount At 31 Dfjcemr 2024 173.403 At 31 DK8mber 2023 188.730 13 Slo¢k• 2024 2023 Flnlsh•d goods and 9)d5 for re8d 2,8CQ 2,8C 14-
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 14 Dobtorn 2024 2023 Amounts falllng du• wbthSn one year: Trade debtors Prepayments and accrued incorne 6,428 9.417 15,862 15.845 25.2 15 Lo•ng and ov•rdrnfts 2024 2023 Bank bans 20,990 31,667 Payabl8 within one year Payable after one year 10,500 10,490 10,000 21,667 During 2021 a bounce back loan of £50,000 was tak&n out. This is repayable over 6 years, with r repayments in th& first year, and incurs interest al 2.5% per annum. 16 Cr•dftorn: amounts fallSng du• wlthln on• y•r 2024 2023 Bank Icw)s Icomd bounceba¢k loan) Other tsxation and soc4d 8etsJrrty Deposits in advance Trad& ueditofs Other creditors ACCal5 and deferrod inoime 15 10,5CQ 25,548 41.178 30.576 2.451 2,7 10,OCQ 20,310 52,755 17,383 4.934 112,953 105,382 17 CY•dltors: amounts flllng du• all•r moY• th•n on• y••r 2024 2023 Wots• Bank knans (Co¥vJ bwn¢eb** loan) 15 10.4 13,551 21.e67 15.593 24.041 37.260 15-
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 An15 ol n•t H•ts b•tw••Tr funds Capltal RKtricted Buildin9 account funds reylrlund FY••hold Income and property •xpenditur• lund account 2024 2024 T¢)tsl Total 2024 2024 2024 2024 2023 At 1 January 2024 Incomin9 rtssources Reirc0S 8xpend•d ILowsyGains on Invtsstment 371,588 20.¢X(1 1.284.045 1123,24n 1.552.386 1,590,135 600.688 6c4).688 653,484 133,7581 (673.911) 1707,6691 1708.961) 6,873 17,728 6,673 At 31 December 2024 5nve51ments Tangible fixed awts Net current assets Lon9 liaknlty 378,281 173,403 20.OCQ 1.250,287 (196.4701 1.452,078 173,403 1,258,677 44,039 124,0411 1,552,386 166,730 1.284,045 138,871 {37,2601 1,250.287 8.39) (180,8191 124,0411 204,858 20,OJO At 31 Drnbel 2024 378.261 20,OCQ 1,250.287 {1%,4701 1,452.078 1.552,386 Capbtsl account Represents the Imnifred Potter bequesl. the In¢ome from which 1$ used for the ¢harilable PUTpose8 of Chamey Manor. 8ulldln9 r•palr fund To meet the fvture costs of ropair wort. 16-
SOCIETY OF FRIENDS- CHARNEY MANOR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 E¥•nts •ft•r th• rnportlng dat• As exF4aSn¢d in the Truslees, Report. Socièty of Friends- Chamey Manor CIO Iregi$tralJn number 1203057) and Chamey Manor Limrted Iregislrabon nurnber 1531037n were eslablished in 2023 but not actNe during 2024. The CIO is set to begin actiw from1 January 2025. 20 Relat•d party tranucllons There were no disdosat4e related party Iransadions during the year (2023- nonel. 21 Cash aborb•d by op•r•tlon• 2024 2023 DefKrt for the year {100,308) (37.7491 Adjustmenig for.. Investment income recognlsed in statement of financial a¢tivitie$ Fair value 9ain5 and10sses on inveslmenls Deprecja)n and impairnient of tangibk fixed asse15 12.056) {6,673J 37,814 (1,525) {17,7281 Mov•m•nts In working capltal: OÈ¢r¢3sèllincr&asel in debtors Increaselldecreasel in creditors (Deutrase) tn deferr8d incom8 9,361 16. (11.5n) 111,389) (44,0741 (19,2481 C••h ihorb•d by op•rntlong (56,833) 198,04n 22 Analysi• of ¢hIng In n•t lund* At 1 Jafiry C••hI% At 31 D•c•mb•r 2024 2024 Cash al bank and in hand 218,247 (77,900) 138.347 Loans faling due wFthin one year Loans laming due after more than one y•ar 110,th)01 (21,86n (5CQI 11.177 110,SLK)) 110,4KI) 184,580 167,223) 117,357 17-