REGISTERED CHARITY NUMBER: 240234
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
FOR
GUILD OF ALL SOULS
MMP Accounting Solutions Ltd
Chartered Certified Accountants
42 Cudworth Road
Willesborough
Ashford
Kent
TN24 0BG
GUILD OF ALL SOULS
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 June 2022
|
Page |
Page |
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 |
11 |
Detailed Statement of Financial Activities |
12 |
to |
13 |
GUILD OF ALL SOULS
REPORT OF THE TRUSTEES
for the Year Ended 30 June 2022
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
30June2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Guild of All Souls is an association of some 1300 members whose main objectives are:
1. Intercessory prayer for the Dying and for the Repose of the Souls of the Departed.
2.TopromotethetwogreatdoctrinesoftheChristiancreed:"TheCommunionoftheSaints"and "The
ResurrectionfromtheDead".Thefollowingareparticularlycommendedtotheprayersofthe Members:
(a)therestorationoftheScripturalRiteofAnointingthesickwithHolyOil,commonlycalled Holy
Unction.(b)TherestorationoftheprimitivecustomreservingtheHolyEucharistforthesickand dying.
As Members of this devotional Guild we endeavour to care for the dying, the dead and the bereaved.
3. To receive advowsons, by bequest in wills and administer patronage.
Public benefit
TheobjectivesandaimsoftheGuildarereligiousinnature,membershipoftheGuildisopento any
person who supports those objectives and aims, on payment of a modest subscription.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
TheGuildofAllSoulswasformedin1873andheisgovernedbyRules(lastrevised2007)which vested
thepropertyoftheGuildinthreetrustees.ThepresenttrusteesareMrJohnFurberKC,theRevd Robert
FarmerandMrsAnneGray.ThetrusteesareelectedforthreeyearsatatimebytheCouncilpursuant to
Rule15.ThepropertyoftheGuildincludesadvowsonsof40EnglishBenefices,aChantryChapeland a
bungalowbothinLittleWalsingham,Norfolk.TheaffairsoftheGuildaregovernedbya Council
consistingoftheannuallyelectedPresident,currentlytheRtRevdNormanBanks,BishopOf Richborough
andtheWarden,currentlyMrJohnFurberKC,andnotmorethan10annuallyelectedmembersand the
appointedGeneralSecretary.ThereisaPatronageCommittee.Apartfromapart-timeGeneral Secretary
and the Chantry Priest, all the work of the Guild is carried out on a voluntary basis.
TheChantryChapelintheShrinegroundsatLittleWalsingham,builtin1965,ismanagedbya small
CommitteeappointedbytheCouncilandisservedbyanappointedChantryPriest.Oneofthe most
importantaspectsoftheroleoftheChantryPriestistoensurethedailycommemorationof departed
membersinprayeratacelebrationoftheMassontheanniversaryoftheirdeath.Thereisa Chantry
chapelfundwhichprovidesomeincometooffsettheannualexpensesofthechapel.Thatisoneof the
fourRestrictedfundsadministeredbytheGuild.TheotherRestrictedFundsareheldforthebenefit of
HolyRedeemerChurchinClerkenwell,StMarytheVirgin,GreatSnoringinNorfolkandtheincumbent of
the Parish of Letchworth.
IntheyearunderreviewtheCouncilmetthreetimes.Inadditiontoconductingroutinebusiness the
CouncilalsodealtwithissuesrelatedtotheappointmentofParishPriestswhereitisPatron. Additionally
theGuildisresponsibleforpublishingliteratureincludingprayercardsforthebenefitofthesick, dying,
departedandbereavedandabookofprayersforthosewhositforthedying.Suchliterature is
distributedfreeofcharge.TheGuildisalsoresponsibleforpublishinga website,
www.guildofallsouls.org.ukwhichcontainsessentialdetailsofitsworkandevents.Italsodistributes an
IntercessionPapertoallmembers,whichcontainsthenamesoftherecentlydepartedmembersfor the
purposeofaidingintercessoryprayerontheirbehalf.TheCouncilalsoorganisesanannual Conference
relatedtotheaimsoftheGuild.In2022theConferencetopicwas,'Whenachildhasdied, exploring
pastoral, practical and spiritual care for grieving families' which was well attended.
IncarryingoutthebusinessoftheGuild,aregisteredCharity,theCouncilalwayspaysdueregardto the
advice of the Charity Commission relevant to the administration of the Charity.
Page 1
GUILD OF ALL SOULS
REPORT OF THE TRUSTEES
for the Year Ended 30 June 2022
FINANCIAL REVIEW
Reserves policy
Investmentsofapproximately£390,000areheldinthegeneralfundsoastoprovidereliable investment
incomeatalevelsuchthattheobjectivesoftheGuildcanbecarriedoutanacceptablelevel. Reserves
within the restricted funds are determined by the nature of the restrictions.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated
charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
240234
Principal address
Dalton House
60 Windsor Avenue
London
SW19 2RR
Trustees
Ms A Gray
Mr J Furber KC
Fr R Farmer
Independent Examiner
MMP Accounting Solutions Ltd
Chartered Certified Accountants
42 Cudworth Road
Willesborough
Ashford
Kent
TN24 0BG
Investment Advisers
Charles Stanley & Co Ltd
55 Bishopsgate
London
EC2N 3AS
Bankers
National Westminster Bank
Fleet Street (B) Branch
PO Box 281
156 Fleet Street
London
EC4A 2DX
National Westminster Bank
Fakenham
Norfolk
NR21 9BA
Approved by order of the board of trustees on 20 October 2022 and signed on its behalf by:
Mr J Furber KC - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GUILD OF ALL SOULS
Independent examiner's report to the trustees of Guild of All Souls
IreporttothecharitytrusteesonmyexaminationoftheaccountsofGuildofAllSouls(theTrust)for the
year ended 30 June 2022.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Nick May
FCCA
MMP Accounting Solutions Ltd
Chartered Certified Accountants
42 Cudworth Road
Willesborough
Ashford
Kent
TN24 0BG
20 October 2022
Page 3
GUILD OF ALL SOULS
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 June 2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
15,350
Investment income
2
23,406
Other income
-
Total
38,756
EXPENDITURE ON
Raising funds
3
7,205
Charitable activities
Promotion of the doctrines of the Christian
creed
22,391
Total
29,596
Net gains/(losses) on investments
(21,123)
NET INCOME/(EXPENDITURE)
(11,963)
RECONCILIATION OF FUNDS
Total funds brought forward
581,259
TOTAL FUNDS CARRIED FORWARD
569,296 |
Restricted
fund
£
4,606
10,774
-
15,380
4,527
17,680
22,207
(24,115)
(30,942)
342,218
311,276 |
30.6.22
Total
funds
£
19,956
34,180
-
54,136
11,732
40,071
51,803
(45,238)
(42,905)
923,477
880,572 |
30.6.21
Total
funds
£
3,618
32,201
8,425 |
|
|
|
44,244 |
|
|
|
10,055
35,361 |
|
|
|
45,416 |
|
|
|
59,321 |
|
|
|
58,149
865,328 |
|
|
|
923,477 |
The notes form part of these financial statements
Page 4
GUILD OF ALL SOULS
BALANCE SHEET
30 June 2022
Notes
FIXED ASSETS
Tangible assets
6
Investments
7
CURRENT ASSETS
Debtors
8
Prepayments and accrued income
Cash at bank and in hand
9
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
148,760
388,679
537,439
-
-
34,388
34,388
(2,531)
31,857
569,296
569,296 |
Restricted
fund
£
-
264,979
264,979
-
968
60,122
61,090
(14,793)
46,297
311,276
311,276 |
30.6.22
Total
funds
£
148,760
653,658
802,418
-
968
94,510
95,478
(17,324)
78,154
880,572
880,572
569,296
311,276
880,572 |
30.6.21
Total
funds
£
148,760
694,360
843,120
680
937
93,823
95,440
(15,083)
80,357
923,477
923,477
581,259
342,218
923,477 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
20 October 2022 and were signed on its behalf by:
Mr J Furber KC - Trustee
The notes form part of these financial statements
Page 5
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestments which
are included at market value, as modified by the revaluation of certain assets.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Grantspayablearerecognisedintheaccountswhenpaidandothercharitableexpenditure is
recognised when a constructive obligation arises.
Tangible fixed assets
Tangiblefixedassetsotherthanfreeholdlandandlongleaseholdbuildingsarestatedatcost less
depreciation.Fixedassetsbelowacostof£100arenotcapitalised.Depreciationisprovided at
ratescalculatedtowriteoffthecostlessestimatedresidualvalueofeachassetoverits expected
useful life as follows:
Chapel equipment 20% per annum on a straight line basis
Freeholdandlongleaseholdbuildingarenotdepreciatedbecauseintheopinionofthetrustees any
depreciationwouldnotbematerialandbaseduponlocallandandpropertyvalues,the estimated
residual value exceeds book value.
There are no inalienable or historic assets.
Accumulated funds
Any restricted fund in deficit is eliminated by a transfer from the restricted fund.
2. INVESTMENT INCOME
Rents received
Investment income
Deposit account interest |
30.6.22
£
8,976
23,662
1,542
34,180 |
30.6.21
£
7,724
23,884
593 |
|
|
32,201 |
continued...
Page 6
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2022
3. RAISING FUNDS
Raising donations and legacies
Support costs
Investment management costs
Investment manager's fees
Aggregate amounts |
30.6.22
£
1,044
30.6.22
£
10,688
11,732 |
30.6.21
£
-
30.6.21
£
10,055 |
|
|
10,055 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2022nor for
the year ended 30 June 2021.
Trustees' expenses
During the year, reimbursement of trustees' expenses for travel amounted to £224 (2020: £nil).
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,383
Investment income
22,088
Other income
-
Total
24,471
EXPENDITURE ON
Raising funds
5,601
Charitable activities
Promotion of the doctrines of the
Christian creed
16,960
Total
22,561
Net gains on investments
40,906
NET INCOME
42,816
RECONCILIATION OF FUNDS
Total funds brought forward
538,443
TOTAL FUNDS CARRIED FORWARD
581,259 |
Restricted
fund
£
1,235
10,113
8,425
19,773
4,454
18,401
22,855
18,415
15,333
326,885
342,218 |
Total
funds
£
3,618
32,201
8,425 |
|
|
44,244 |
|
|
10,055
35,361 |
|
|
45,416 |
|
|
59,321 |
|
|
58,149
865,328 |
|
|
923,477 |
continued...
Page 7
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2022
6. TANGIBLE FIXED ASSETS
TANGIBLE FIXED ASSETS |
|
|
|
|
COST
At 1 July 2021 and 30 June 2022
DEPRECIATION
At 1 July 2021 and 30 June 2022
NET BOOK VALUE
At 30 June 2022
At 30 June 2021 |
Land and
buildings
£
148,760
-
148,760
148,760 |
Office
Equipment
£
5,166
5,166
-
- |
Chapel
Equipment
£
5,795
5,795
-
- |
Totals
£
159,721 |
|
|
|
|
10,961 |
|
|
|
|
148,760 |
|
|
|
|
148,760 |
Land&buildingsincludesfreeholdpropertyatcostof£124,793(ChantryHouseat20 Cleaves
Drive) and long leasehold property at cost of £23,968 (Chapel at Walsingham).
Themarketvalueofthelandandbuildingsrecordedintheaccountsatacostof£148,760may be
substantiallydifferentfromthemarketvalue.TheTrusteesdonotconsideritagooduseof the
Guildfundstoobtainaprofessionalvaluationsocannotgiveparticularsofanydifference. Fixed
assetscostingunder£100arecapitalised.Impairmentreviewsarenotconsiderednecessary on
account of the nature of the assets held.
7. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Listed |
|
investments |
|
£ |
MARKET VALUE |
|
At 1 July 2021 |
694,360 |
Additions |
107,341 |
Disposals |
(102,806) |
Revaluations |
(45,237) |
At 30 June 2022 |
653,658 |
NET BOOK VALUE |
|
At 30 June 2022 |
653,658 |
At 30 June 2021 |
694,360 |
There were no investment assets outside the UK. |
|
Cost or valuation at 30 June 2022 is represented by: |
|
|
|
Listed |
|
|
investments |
|
|
£ |
Valuation in |
2021 |
694,360 |
Valuation in |
2022 |
(40,702) |
|
|
653,658 |
continued...
Page 8
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2022
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
9.
CASH AT BANK AND IN HAND
Current accounts
Short term deposits:
General Fund
Charles Stanley - general capital account
Parents of Rev J Jones Memorial for the Guild Chapel in
Walsingham
Rev J Jones Bequest for St Mary the Virgin, Great Snoring
Rev P Laister for Holy Redeemer, Clerkenwell
Chapel General Fund
Parents of Rev J Jones Memorial for the Guild Chapel in
Walsingham |
30.6.22
£
- |
30.6.21
£
680 |
|
30.06.22 |
30.06.21 |
|
£ |
£ |
|
|
|
|
30,673 |
14,262 |
|
|
|
|
|
|
|
114 |
12,115 |
|
10,820 |
5,894 |
|
250 |
10,000 |
|
500 |
500 |
|
553 |
51,052 |
|
41,850 |
|
|
9,750 |
|
|
|
|
|
94,510 |
93,823 |
|
|
|
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
11.
MOVEMENT IN FUNDS
At 1.7.21
£
Unrestricted funds
General fund
581,259
Restricted funds
Restricted Funds
342,218
TOTAL FUNDS
923,477 |
30.6.22
£
17,324
Net
movement
in funds
£
(11,963)
(30,942)
(42,905) |
30.6.21
£
15,083
At
30.6.22
£
569,296
311,276 |
30.6.21
£
15,083 |
|
|
880,572 |
|
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS |
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
38,756
(29,596)
(21,123)
(11,963)
15,380
(22,207)
(24,115)
(30,942)
54,136
(51,803)
(45,238)
(42,905) |
|
|
continued...
Page 9
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS |
At 1.7.20
£
538,443
326,885
865,328 |
Net
movement
in funds
£
42,816
15,333
58,149 |
At
30.6.21
£
581,259
342,218 |
|
|
|
923,477 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS |
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
24,471
(22,561)
40,906
42,816
19,773
(22,855)
18,415
15,333
44,244
(45,416)
59,321
58,149 |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS |
At 1.7.20
£
538,443
326,885
865,328 |
Net
movement
in funds
£
30,853
(15,609)
15,244 |
At
30.6.22
£
569,296
311,276 |
|
|
|
880,572 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS |
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
63,227
(52,157)
19,783
30,853
35,153
(45,062)
(5,700)
(15,609)
98,380
(97,219)
14,083
15,244 |
|
|
continued...
Page 10
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2022.
13. RESTRICTED FUNDS
Therestrictedfundstotalnetassetsof£311,276(2021:£342,218)includesgrossinvestments in
endowmentfundsofwhich£190,436(2021:£166,169)comprisesthePLaisterFund. Sufficient
resourcesareheldinanappropriateformtoenableeachfundtobeappliedinaccordancewith any
restrictions.
TheunrestrictedfundisforthepurposeofpromotingthetwogreatdoctrinesoftheChristian creed
"TheCommunionofSaints"and"TheResurrectionfromtheDead".Therestrictedand endowment
fundsaremaintainedforthebenefitoftheparishes.Theunrestrictedfundhasarisen from
retained incoming resources and the restricted funds have arisen from legacies and bequests.
Page 11
GUILD OF ALL SOULS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 June 2022
|
30.6.22 |
30.6.21 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Subscriptions & Donations |
7,963 |
3,118 |
Legacies |
11,993 |
500 |
|
19,956 |
3,618 |
Investment income |
|
|
Rents received |
8,976 |
7,724 |
Investment income |
23,662 |
23,884 |
Deposit account interest |
1,542 |
593 |
|
34,180 |
32,201 |
Other income |
|
|
Sundry receipts |
- |
8,425 |
Total incoming resources |
54,136 |
44,244 |
EXPENDITURE |
|
|
Investment management costs |
|
|
Investment manager's fees |
10,688 |
10,055 |
Charitable activities |
|
|
Staff costs |
8,604 |
8,604 |
Travelling |
2,237 |
- |
Intercession papers, prayer cards and |
|
|
other printing |
4,367 |
2,644 |
Patronage |
317 |
100 |
Annual requiem expenses |
1,300 |
- |
Chapel costs |
5,438 |
6,854 |
Bungalow expenses |
1,266 |
1,365 |
Payments to beneficiaries |
10,449 |
8,810 |
Grants to individuals |
- |
350 |
|
33,978 |
28,727 |
Support costs |
|
|
Management |
|
|
Office rent, postage and office costs |
1,893 |
1,689 |
Finance |
|
|
Bank charges |
180 |
109 |
Governance costs |
|
|
Accountancy |
5,064 |
4,836 |
Total resources expended |
51,803 |
45,416 |
Net income/(expenditure) before |
|
|
gains and losses |
2,333 |
(1,172) |
Realised recognised gains and losses |
|
|
Carried forward |
(2,731) |
(6,008) |
This page does not form part of the statutory financial statements
Page 12
GUILD OF ALL SOULS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 June 2022
|
30.6.22 |
30.6.21 |
|
£ |
£ |
Realised recognised gains and losses |
|
|
Brought forward |
(2,731) |
(6,008) |
Realised gains/(losses) on fixed asset |
|
|
investments |
2,623 |
5,037 |
Net income |
4,956 |
3,865 |
This page does not form part of the statutory financial statements
Page 13