REGISTERED CHARITY NUMBER: 240234
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
FOR
GUILD OF ALL SOULS
MMP Accounting Solutions Ltd
Unit 34 Basepoint
Shearway Business Park
Folkestone
Kent
CT19 4RH
GUILD OF ALL SOULS
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 June 2024
|
Page |
Page |
Page |
Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
|
6 |
|
Notes to the Financial Statements |
7 |
to |
12 |
Detailed Statement of Financial Activities |
13 |
to |
14 |
GUILD OF ALL SOULS
REPORT OF THE TRUSTEES
for the Year Ended 30 June 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
30June2024.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 1000 members whose main objectives are:
1. Intercessory prayer for the dying and for the repose of the souls of the departed.
2. To promote the two great doctrines of the Christian creed: "The Communion of Saints" and "The Resurrection from the Dead". The following are particularly commended to the prayers of the members:
(a) The restoration of the scriptural rite of anointing the sick with holy oil, commonly called Holy Unction.
(b) The restoration of the primitive custom of reserving the Holy Eucharist for the sick and dying.
As members of this devotional Guild we endeavour to care for the dying, the bereaved and the departed.
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
TheGuildofAllSoulswasformedin1873andisgovernedbyRules(lastrevisedin2023).The property
oftheGuildincludesadvowsonsof41EnglishBenefices,aChantryChapelandabungalowbothin Little
Walsingham, Norfolk.
TheGuildismanagedbytheCouncil,themembersofwhicharetheCharitableTrusteesoftheGuild. The
PresidentandtheWardenoftheGuild,electedannuallyatanAnnualGeneralMeeting,arethe Chairman
andDeputyChairmanoftheCouncilandarecurrentlytheRt.RevdNormanBanksandMrJohn Furber
KC.Amaximumof10membersareelectedannuallyatthesametimetoserveasCouncilmembers. The
3HoldingTrusteesareelectedannuallybytheCouncilfromamongitsmembersandatpresentare Mr
JohnFurberKC,TheRevdRobertFarmerandMrsAnneGray.APatronageCommitteeconsisting of
CouncilmembersexercisesallChurchPatronagebelongingtotheGuild.Apartfromapart-time General
Secretary and the Chantry Priest, all the work of the Guild is carried out on a voluntary basis.
TheChantryChapelintheShrinegroundsatLittleWalsingham,builtin1965,isservedbyan appointed
ChantryPriest.OneofthemostimportantaspectsoftheroleoftheChantryPriestistoensurethe daily
commemorationofdepartedmembersinprayeratacelebrationoftheMassontheanniversaryof their
death.ThereisaChantryChapelFundwhichprovidessomeincometooffsettheannualexpensesof The
Chapel. That is one of three Restricted Funds administered by The Guild.
IntheyearunderreviewtheCouncilmetfourtimes.Apartfromroutinebusiness,significant progress
wasmadeonworkcommissionedinthepreviousfinancialyeartocataloguetheGuild'sarchives. The
GuildcontinuedtofulfilitsPatronageresponsibilities,dealingwithappointmentstothose vacant
beneficesofwhichtheGuildisPatronanddiscussingcaseswherePresentationhasbeensuspended by
orderoftherelevantDiocesanBishop.TheGuildpublishesarangeofresourcesincludingprayer cards
andbooksofprayersforthebenefitofthesick,dyingandbereaved.Suchliteratureis distributed
free-of-charge.Two1-dayconferenceswereorganisedonrelatedthemesforclergy,ordinandsand laity
ofalldenominations.TheannualIntercessionPaperwasdistributedtoallmembers,withthenames of
recentlydepartedmembers,forthepurposeofaidingintercessoryprayerontheirbehalf.The Guild
maintains a website: www.guildofsouls.org.uk containing essential details of its work and events.
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 2024
FINANCIAL REVIEW
Reserves policy
Investmentsofapproximately£430,000areheldinthegeneralfundsoastoprovidereliable investment
incomeatalevelsuchthattheobjectivesofTheGuildcanbecarriedoutatanacceptablelevel. Reserves
within the restricted funds are determined by the nature of the restrictions.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its Rules, and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
240234
Principal address
30 St. Marys Paddock
Wellingborough
Northamptonshire
NN8 1HJ
Trustees
Ms A F M Gray
Mr J Furber KC
Revd R Farmer
Rt Revd N Banks
Mrs V Cole
Revd A F Davis
Revd Canon B J Fry
Revd Canon A Howard
Mrs M I Howard
Revd P E Jones
Dr C J Podmore MBE
Revd K Smith
Mrs M Suckling
Independent Examiner
MMP Accounting Solutions Ltd
Unit 34 Basepoint
Shearway Business Park
Folkestone
Kent
CT19 4RH
Investment Advisers
CCLA Investment Management
1 Angel Lane
London
EC4R 3AB
Bankers
National Westminster Bank
Fleet Street (B) Branch
PO Box 281
156 Fleet Street
London
EC4A 2DX
National Westminster Bank
Fakenham
Norfolk
NR21 9BA
Page 2
GUILD OF ALL SOULS
REPORT OF THE TRUSTEES
for the Year Ended 30 June 2024
Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:
.......................................................
Mr J Furber KC - Trustee
Page 3
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 2024.
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
MMP Accounting Solutions Ltd
Unit 34 Basepoint
Shearway Business Park
Folkestone
Kent
CT19 4RH
Date: .............................................
Page 4
GUILD OF ALL SOULS
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 June 2024
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
15,324
Investment income
2
11,169
Total
26,493
EXPENDITURE ON
Raising funds
3
-
Charitable activities
Promotion of the doctrines of the Christian
creed
31,333
Total
31,333
Net gains on investments
35,240
NET INCOME/(EXPENDITURE)
30,400
RECONCILIATION OF FUNDS
Total funds brought forward
566,148
TOTAL FUNDS CARRIED FORWARD
596,548 |
Restricted
fund
£
4,420
9,619
14,039
-
12,854
12,854
30,024
31,209
313,831
345,040 |
30.6.24
Total
funds
£
19,744
20,788
40,532
-
44,187
44,187
65,264
61,609
879,979
941,588 |
30.6.23
Total
funds
£
11,977
30,169
42,146
10,180
45,129
55,309
12,570
(593)
880,572
879,979 |
|
|
|
|
The notes form part of these financial statements
Page 5
GUILD OF ALL SOULS
BALANCE SHEET
30 June 2024
Notes
FIXED ASSETS
Tangible assets
6
Investments
7
CURRENT ASSETS
Prepayments and accrued income
Cash at bank and in hand
8
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
148,760
428,388
577,148
-
22,800
22,800
(3,400)
19,400
596,548
596,548 |
Restricted
fund
£
-
357,473
357,473
1,121
2,898
4,019
(16,452)
(12,433)
345,040
345,040 |
30.6.24
Total
funds
£
148,760
785,861
934,621
1,121
25,698
26,819
(19,852)
6,967
941,588
941,588
596,548
345,040
941,588 |
30.6.23
Total
funds
£
148,760
668,997
817,757
1,608
79,599
81,207
(18,985)
62,222
879,979
879,979
566,148
313,831
879,979 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
Mr J Furber KC - Trustee
The notes form part of these financial statements
Page 6
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024
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 |
30.6.24
£
-
20,748
40
20,788 |
30.6.23
£
7,480
20,708
1,981 |
|
|
30,169 |
continued...
Page 7
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024
3. RAISING FUNDS
Investment management costs
Investment manager's fees
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries |
30.6.24
£
-
30.6.24
£
5,004 |
30.6.23
£
10,180 |
|
|
30.6.23
£
1,251 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
During the year, reimbursement of trustees' expenses amounted to £2,138 (2023: £1,693).
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,115
Investment income
19,974
Total
27,089
EXPENDITURE ON
Raising funds
5,966
Charitable activities
Promotion of the doctrines of the
Christian creed
28,534
Total
34,500
Net gains on investments
4,263
NET INCOME/(EXPENDITURE)
(3,148)
RECONCILIATION OF FUNDS
Total funds brought forward
569,296
TOTAL FUNDS CARRIED FORWARD
566,148 |
Restricted
fund
£
4,862
10,195
15,057
4,214
16,595
20,809
8,307
2,555
311,276
313,831 |
Total
funds
£
11,977
30,169
42,146
10,180
45,129
55,309
12,570
(593)
880,572
879,979 |
|
|
|
continued...
Page 8
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024
6. TANGIBLE FIXED ASSETS
COST
At 1 July 2023
Disposals
At 30 June 2024
DEPRECIATION
At 1 July 2023
Eliminated on disposal
At 30 June 2024
NET BOOK VALUE
At 30 June 2024
At 30 June 2023 |
Land and
buildings
£
148,760
-
148,760
-
-
-
148,760
148,760 |
Office
Equipment
£
5,166
(5,166)
-
5,166
(5,166)
-
-
- |
Chapel
Equipment
£
5,795
(5,795)
-
5,795
(5,795)
-
-
- |
Totals
£
159,721
(10,961)
148,760
10,961
(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 2023 |
668,997 |
Additions |
51,600 |
Revaluations |
65,264 |
At 30 June 2024 |
785,861 |
NET BOOK VALUE |
|
At 30 June 2024 |
785,861 |
At 30 June 2023 |
668,997 |
There were no investment assets outside the UK. |
|
Cost or valuation at 30 June 2024 is represented by: |
|
|
Listed |
|
investments |
|
£ |
Valuation in 2021 |
694,360 |
Valuation in 2022 |
(40,702) |
Valuation in 2023 |
15,340 |
Valuation in 2024 |
116,863 |
|
785,861 |
continued...
Page 9
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024
8. CASH AT BANK AND IN HAND
Current accounts
Short term deposits:
Petty Cash
General Fund
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
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
10.
MOVEMENT IN FUNDS |
30.06.24 |
30.06.24 |
30.06.23 |
30.06.23 |
|
|
£ |
|
£ |
|
|
|
|
|
|
|
23,961 |
|
26,518 |
|
|
|
|
|
|
|
|
|
|
|
|
319 |
|
63 |
|
|
115 |
|
115 |
|
|
250 |
|
250 |
|
|
500 |
|
500 |
|
|
553 |
|
553 |
|
|
- |
|
41,850 |
|
|
- |
|
9,750 |
|
|
|
|
|
|
|
|
|
|
|
|
25,698 |
|
79,599 |
|
|
|
|
|
|
|
|
|
|
|
|
30.6.24
£
19,852 |
|
30.6.23
£
18,985 |
At 1.7.23
£
Unrestricted funds
General fund
566,148
Restricted funds
Restricted Funds
313,831
TOTAL FUNDS
879,979
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
26,493
(31,333)
Restricted funds
Restricted Funds
14,039
(12,854)
TOTAL FUNDS
40,532
(44,187) |
Net
movement
in funds
£
30,400
31,209
61,609
Gains and
losses
£
35,240
30,024
65,264 |
At
30.6.24
£
596,548
345,040
941,588
Movement
in funds
£
30,400
31,209
61,609 |
|
|
|
continued...
Page 10
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS |
At 1.7.22
£
569,296
311,276
880,572 |
Net
movement
in funds
£
(3,148)
2,555
(593) |
At
30.6.23
£
566,148
313,831 |
|
|
|
879,979 |
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
£
£
£
£
27,089
(34,500)
4,263
(3,148)
15,057
(20,809)
8,307
2,555
42,146
(55,309)
12,570
(593) |
|
|
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 1.7.22
£
569,296
311,276
880,572 |
Net
movement
in funds
£
27,252
33,764
61,016 |
At
30.6.24
£
596,548
345,040 |
|
|
|
941,588 |
continued...
Page 11
GUILD OF ALL SOULS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024
10. MOVEMENT IN FUNDS - continued
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
£
£
£
£
53,582
(65,833)
39,503
27,252
29,096
(33,663)
38,331
33,764
82,678
(99,496)
77,834
61,016 |
|
|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2024.
12. RESTRICTED FUNDS
Therestrictedfundstotalnetassetsof£345,040(2023:£313,831)includesgrossinvestments in
endowmentfundsofwhich£216,712(2023:£199,347)comprisesthePLaisterFund. Sufficient
resourcesareheldinanappropriateformtoenableeachfundtobeappliedinaccordancewith any
restrictions.
TheunrestrictedfundisforthepurposeofpromotingthetwogreatdoctrinesoftheChristian creed
"TheCommunionofSaints"and"TheResurrectionfromtheDead".Therestrictedand endowment
fundsaremaintainedforthebenefitoftheparishes.Theunrestrictedfundhasarisenfrom retained
incoming resources and the restricted funds have arisen from legacies and bequests.
Page 12
GUILD OF ALL SOULS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 June 2024
|
30.6.24 |
30.6.23 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Subscriptions & Donations |
9,744 |
8,809 |
Legacies |
10,000 |
3,168 |
|
19,744 |
11,977 |
Investment income |
|
|
Rents received |
- |
7,480 |
Investment income |
20,748 |
20,708 |
Deposit account interest |
40 |
1,981 |
|
20,788 |
30,169 |
Total incoming resources |
40,532 |
42,146 |
EXPENDITURE |
|
|
Investment management costs |
|
|
Investment manager's fees |
- |
10,180 |
Charitable activities |
|
|
Trustees' salaries |
5,004 |
1,251 |
Staff costs |
- |
6,753 |
Travelling |
735 |
1,230 |
Intercession papers, prayer cards and |
|
|
other printing |
4,988 |
5,862 |
Patronage |
30 |
654 |
Annual requiem, day conference & West |
|
|
Toft expenses |
1,808 |
1,159 |
Chapel costs |
8,579 |
3,789 |
Bungalow expenses |
1,663 |
5,709 |
Payments to beneficiaries |
9,620 |
10,156 |
|
32,427 |
36,563 |
Support costs |
|
|
Management |
|
|
Office rent, postage and office costs |
6,779 |
2,820 |
Finance |
|
|
Bank charges |
181 |
166 |
Governance costs |
|
|
Accountancy |
4,800 |
5,580 |
Total resources expended |
44,187 |
55,309 |
Net expenditure before gains and |
|
|
losses |
(3,655) |
(13,163) |
Realised recognised gains and losses |
|
|
Carried forward |
(8,455) |
(18,743) |
This page does not form part of the statutory financial statements
Page 13
GUILD OF ALL SOULS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 June 2024
|
30.6.24 |
30.6.23 |
|
£ |
£ |
Realised recognised gains and losses |
|
|
Brought forward |
(8,455) |
(18,743) |
Realised gains/(losses) on fixed asset |
|
|
investments |
- |
9,387 |
Net expenditure |
(3,655) |
(3,776) |
This page does not form part of the statutory financial statements
Page 14