R•wknJ Charity No. 246045 Company ￿. LK1221CO6 RTS AN UCT Charnwn* rwt R8FMYt olthè ofth• CwrKi1rAMmg8w￿1 10 Bal8nc• thet Noles to th& 12-18 a Bhare TRUSTEES COUNCIL Cf IAAPiAGEMEP Th8R￿￿￿$.w Mr. J. S￿m¥￿1 l¥. J Fcrfter ktr. K. Brv*T TheRthxl. L. T COMPAW SECRETARY TREASURER R•5ryic INDEPENtWff EK4AIINER M Wlkes FCA (aote Hcmw Ec*"w Park Konl ME14 3EN BANKERS TN15 8NX SLxicrroRS Lee 24)IbJ) & Lee 1 The Sarthary INVESTME14T m￿L￿Rs JMF* Loth Etr2R 7AH REGISTEREO OFFICE Lcfflthn SW1W &JJ REGISTERED CFL4AtTY NO. COMPANY NO. HAIR Tre has m81 on Ilwog ¥la Zcom en8b￿ry lo rEw¥ts on wr inwtrnert8 from J M Finn., trj revw ietre8ts 8r*J tr•ring ￿ th8 Igna￿n traeiuon. We aro Floa58d bj gt8 the avaaabiuty oforttr* retreats. th& eITwJ￿ tr•lthg aft¥￿mIe hybr•J that pr(wid& onsd The Cound has fvxged a relab*t*thh the SF4rittJal Exths and malntafjmj rt8 ith Coach H￿se Kiknuir TrLtsL Thè coun￿ b plea￿j to n(ts the Fwcgress mwJ& t(Y*arts provisK)n of ¥taff The Cwn¢il ha$ &S)pknd new provi5*M for8Lw￿lry hJTh•knls •xJ wps kn amer￿n9 u)n*xts. ¥￿) th• bsrt8 be Watad to ro￿ Ihs. Fr M•rt r￿tsn SRC Ch8in18n OF THE MEM For the r*wJed 5 2022 "Acmuthjarnl ty Ch•iW"IFRS 1021in Fwrry the￿n￿31 leF￿land￿nrJaI stsiwnBnts dthe th8rity. tho Rrfatir•J s￿rd Wb tha UK ar¥J R•￿ of tr8kn1 IFRS 1021 lelPaL*¥8 1 JarwAry 2019). O&IECTIVES ANDACTMnES Ftyi THE PUWC BENEF The c￿￿$￿e¢l￿a9••b)rW(*nth1Iwj01Wt￿tTr1lry hycmfj￿al[•j tro mknWofsplrttyal dlr¥tlon thin thtr Ir*Jibon clthe Splrttsl Exerci585ofSt Ifvt￿ Loy(Aa, and to tx#ThJJct Trtreat8. prr*id8 8priti•l dI￿10n 8rb Cornrr1BS￿'g gon8r¥4 on thè Wc bentrfft Th*wn rv¥**•vJ IP* d*r*/s aims cOioclveB and h tho Klannir*J athil*S. ACHIEVEMENTS MD PERF￿(lAAP￿É tharty i8 futtwt• to (ywn the freelK4d ￿￿05¢ In t*o¢c••￿$ In •n Idfft setw 3i**t•d In KenL which arn In re￿1 yw8. d*rfty Work￿ wilh Th• Cc•* Tnmi la Sctlligh Charl8tr40 In¢xwat•J C¥gwkJ8le￿1 to a¢wwe 8ThJ bK8 Cc•th R6tr•&t $tsn¢Js lust ab￿ the Moray Ftrth lo*lng iward6 tr* Cthwrm Wc** C￿ Ihk4fadltywaB duiiry lo 5 45rt12017 8r¥J the Retregl FIou5e 15 now 8t48 to •x￿￿C•jata k**vfvJJ•ls withkn offaring. A ￿￿ce kyoyer e8lèd The ￿clu•ry h85 b8an in and knpro¥*m8nts to the f4brf¢ moan th* p80rJe v*lh varwry F￿￿￿3 ofthwatkn. Thtr ctwly h•& a 87% w*wOBtln tho lad*y. d•oc4rvJ tr8lnk¥ kn Ignaban SF•riIu￿fy ¥rMI tho gMr¥J of Ex•rtsuos. PW fDr spiritual dlrect tr￿Irt￿ ￿ants •xpwJ¢d bo ak4è to ￿be1￿ In re9￿ar splrlbJ81 dlrocdon yearE up lo apF*th. £7021812021.. ￿.894) were arf¥rrN¢d during the ye ed 5 Apn"12trLZ. FINANCN REVIEW The ch¥tWs totsl in0J￿ frrTh al irx)Jme, and d￿810ns. amountod lo £W,30612021.. £78,1e6. a& rnstabjl Ir) £132.16912021.. £71.804. as r95ts1•Jl resultlng in net lexFethJm￿nlx￿ tefcye gain9 ¢M inve8trn8nls. ¢X £141.863}12￿21.. £6.3621. Realmed 8nd urwtalBed gawWII(oseslarfslTrJ on the¢l•iWswctsJ ￿Tr￿￿￿kk￿lfdmjdUrknYJtsIvar w¥JJn*d10£6827212021'. £543.4771. A9 8 th8 rthrlty's UTh*1rr￿ ftstxts •Kreaaed in v8ltse by £26.593 I￿27.. £551.6281 resirktyd fvn¢J8 d8creawJ £1X) (3)21.. £1,709. as msl*dl th8 The ChArity'$ unr•￿nC￿Y re8eTh8S WK)unled (0£4.104.876 at 6 2021, aThJ have tr1 £4,131.475 at thg reser￿ at 5 Aprfl 2022, It has r*t Ixirrent a55ef8 for lo day (wab￿8 of£7,SS6 Ibwry ￿rrent a6seti of £10.847 f*sh of £7205 hebj for restrirtid wrpJse5, £3.914 wih the Chartys *NOStrn￿ m8nagws. disErEIKm to apF4y day lo ¢tsy neeth as rwjirth ￿N￿CIAL REVIEW IcoMfiNUEDI Th8 Charrf8 r•str￿d 8munled 6 ￿1 2021. h*• d#m5•J to £7205 at 5 Awll 2022. Th•8• are r••trthJ frjrts 8019 uwolthÈc4rn￿thj08Oh1ffj C¢xn8 in Spyrilual Dirth. INVEsTmEP￿ POUCY RESERVES PCiICY 11 ra Ihe Frfjky of ¢tro1ty b tthatety maintskn Yr8•' rn8erye8 Ihat d8menl of ts unreslritlod Ir￿n8 fvn Is Trjt fvJTrSiThJ Fi¥A A886ts1 ol ar$￿'M￿￿ 2 yews nrrir¥J cosls Icovwiro pywrty aX￿nd￿re and JMM￿1ralJ.on ￿Sts￿.. ts¥ ewates to aFvoxm• £24.830 p.a.12021." £16.4721. As at 5 2022 Ihe r*8•rvg¥ ofthtscharty ￿￿ted kn £7.&8612021.. E56,4881. Thè cOurK￿ do￿ng IMI Ib8w r 16Nal&nl tr) 6 monts 12021". 31 ol t£*tsl grthvth ol free reseryes to b• #d&4UBto. amowlng I )Lqnn8d 8xpw¢Jth. Tl* 2022 yw has ￿ exc• due to th8 ln￿tIr￿rrt mBde kn Ihe at Cox** Iwo 11 Des*not￿ at S A4¥12022 tcial £4.123.88912021.. £4,048.388)- N>1• 17 fofdelats. Thè Cryjncl vrtw)ds to twjbj ftwKkn wl lem￿ furbjj lorfthure th•rft&bl L08. Th• ¥￿￿0 offund8at1h•yVr￿J￿aSÉ4,138.w(2o21: £4,112.2711.Th&inAtoeBballv•eth* to b8ad8qu* PLANS FOR THE FLM Th• Coach Howv KIIFryJk Twst havo •x>Jknied a has bw resF4￿1￿ lor d&))tAlthng th'lapldatsd ltsJdd¥ip al the St*ty a n6w hLKm in *ith the exi91wy Steadlr¥J Lxtthjry. This be Used aC£c4nrmd*i￿ forthe Ctre'bl• fur kn¥JeFthknI 6x*ninalth. I rEF#JI in r8sp8cI ol ftw examwwlion of CharW$ aco)unts ￿ Lwrted urMl8r sth 145 of1ts3 Ch8rths Att 2011 llhe 2011 Pttl. In ojt my 8xwnts)atlon. I have foll(yweil the tirec*orob gibw by Ihe CW CcrfnM￿ I￿)ts￿ s8clI￿ 145(5Xbl otthe 2011 (l•p•nd•n¢ ExamSn•fs •t*t•m•Trt I havo W￿FIel8d my &￿￿a￿on. l ethllnn Ilwt Tr> meth￿1 m#iim come kn my attenlhjn in lh• t 20Cfj other than ￿Y requwgn*rt thBI the gNe • aThJ vlvw i* a matter cOn￿￿oI￿d aB part of an inde￿*￿t or the 8ccthJnts hD¥e Tr)t in accordance Ihg rnelhods 8nd rrtlnL*6 01 tho Ststem8nl of Racommfftjed Prrftr• wxrnw and r8FQrtthr￿ by t￿ri￿gIspp￿8b￿ k) ch8ribe5 preparing thdr a¢ciyJnts wih tr*t RoF4ytiryJ Slar¥J&rd Inb￿ UK&nd R￿￿of Ireknd {FRS1021. IA WILKES FCA Aztlj Audit Ser￿1 EdlF48 P•rk SitlingLx)ume R(•d MakJstL* K•nt ME14 3EN ..￿.￿an.y￿r￿￿Q23 OFR Total 2022 Total 2021 Funds tk)n8tTh 1.244 1.244 15.726 1,702 1.625 74,839 Inv8slrn8nls 15,726 73.336 Totsl In¢om• 74, 15.728 76,186 RFths￿g fuThts Chthtabkry 21204 95.049 118,253 21.204 110, 19.224 $2.5 71. 1S.916 1&916 Tol41 132.189 9aln&lllo•￿I on In¥MtrMnts 141.6ni 11WI 141,8831 8.362 N•t ￿NI{b5885} on Inwe8tn 68.272 543,47r 11WI 549.839 FiwKI 816 2021 Fund ￿lIn£•¥ •1 SWI 2022 4.104.876 4.131.475 4.112271 4,138,680 3,562.432 7.205 4.112271 EfREAT Tot•1 X121 FundB Fund Inc•rn•from: Don8thx8 1.702 1,625 74,839 1.825 74,839 78.541 1.625 78.168 RalBlng fL*Yl$ Charitab* 19.224 49.1 19.224 3.414 3.414 71,804 M•t l•xp•ndliUr•￿ne0Th I qaln•lllo•M•l on In¥MlTrdnl• 8.151 11.7891 Nat galn8llk)ss•s1 on 543.477 543,477 561.e28 11,789) 549,839 Fund bal￿r*I At 6 Awl 2020 Fund baknnc•• At J Wl 2121 3,S53.248 9.184 3.S62,432 4,104.876 4.112271 The nrAe8 on F•388 12 10 18kwm pwt<*l￿e *Lwnts. 10 OF RETREAT CCWDIKTOR 2022 2021 11 12 1.$95.043 2,S32.7 4.127.833 1,483.929 2,621,742 4,085,671 13 Cath ot ba 43.947 32.186 Cwrydlt¢xB: •Th9￿1$ lalwrffj du• wId￿n on• ymr 14 (33.1th)1 {$.5861 10.847 4.138,680 4.112,271 kn¢om• fvnd Re8tr￿ed lund$ 7.205 7.395 17 4.123,889 7.586 4,138,680 4.048.388 4,112.271 For th• •Mlgd 5 2W12 tho owny *89 ￿1￿1•] to •x•rryth Irryn 477 of t tr* tsmall con¥>8rwe8' Approved ty I1* ol c 8b3r￿d boh•ll ty.. (Chalrman) Th• nirtés w pggss 12 kn 18 frAm p*ldtlvirnn THE SOCIEtY FIEfREAT CONtNJCTtJIS S TO 7HE ACCOU . Acc(￿NG PCKICIES 8latements. in Ihè IM and of IFRS 102118ff8th9 1 2019). Th& Charlty h86 laken then1￿ of WD¥i8*M i) thts SORP ts ¢h•rrtJts app￿ng FRS102 iW•to 8ulolln 1 the lunL*crnl vJrrww oflh• aTrJ rcdJr4Jod lo the no8rasl L bl Chwltat46 status coryany was t*w*814e ?￿j * Iknmthl guarsnt••. tthlrwa 8 ¢*td. In ts ov•nt 01th8 t*•rty Illlblty the%wwar*• l• to E20 perstatutory Co¥en8nii. 11 CawknLl• kl FyTrJ c4515 ojts. Ihty 8t rrArket vak* at 8&ch Sheet date hith ra815$￿% and Inve5bwts is withkn assvts 88nn8rk*l br u6e In Charity's 12 THE IETY OF RETREAT CONO 5A ACCOiJNTING POUCIES IciyJltthJ) gl Ftmd StnKtu DOS¥￿tad IwpJ8 have be￿ Sat asidè at th8 di¥cYelwJn of th8 IN8tee8 ts 6￿GI 11 Tax Th8 cl￿ ￿ an ex•mFI IIKg til •ct*dLd• 3 Acl 2011 and IJ wn81dg ID F4S$ the te•l• 601 ¢yA In Parwa(th 1 SdJ&*Jle 6 2010. 11 moots tho tsffftfdon ot a •yp•ThYthre thot Pe￿ c(*TrbiMd *lth 815 Aprfl 2022 arv constdw•J In 2020 th• cl r•v&4od to IrKI￿1• Iho Cwrne kn ¥thJ81 tXrKUon In Iho fin8nctsl $Ithi￿rth ol the Socknty. it wa5 8kn th* lutNJs bo rostrio*J as al moniBS will be CommLyth rtjlalngd on 22 21122. wnounts 6houkl hthfe been Indudod slnc• 2020. In ordar lo rellara ftK*¥o&. a aAuBlrnont has b88n to rofod ts 0(al￿ty •TrJ pow￿￿ of In the 8PF4k•lkJn d th8 eharws 4ccrojnb￿ IFusI￿ are rwknd to mak8ludggm8nls. OBUm•to8 d $$￿￿np￿s ab(￿t ¢¥rrwrg amtyml ol •8s¢tS and that are r￿t raath'ly 8Fvar8nt from olher fund• 2022 fvnds 2021 1.702 249 1.244 1.7D2 13 funds 2021 2022 - Trth￿q (Trxme 15.728 1,625 lunds 2021 2022 Intxtm from tljted 65.219 3,320 6.300 10,3SO 73.336 74.839 fund* 2022 In¥e8twffit m8nrye¢8 fw8 19.224 6. Chirllobl• KllYttl•• nd• nd8 2021 Grnnts F¢y8tle PrO￿rty 70218 11,213 13.61B 30,894 8.556 9.916 95.049 49.188 fvnd• 2022 lunds 2021 15.916 3.414 14 7. fy*rt• pay fund• frJnd8 2021 Gr8nts ￿ wKIMdu*1142 grnrts r2￿21.. 63 m811 ant to In8UtyJt1c￿S(1 grant12ry21.. ￿ grantsll 69.018 70218 30.694 & Pmp•rty •xp*th Unrestrkt&J funds 2021 fvnd• 2022 Fu818Th1 IWI 1,CfjO 311 1,914 5.281 126 1.541 7.584 R8t88 p•Y ￿n￿NACe 11.213 8,556 Z022 2021 Admlnistratk)n 10) Olher admI￿otrati0n ca* 4.617 4.9)1 4.801 13,618 9,916 No reMur￿8￿0￿ was p*JlolM they41r￿ Ih• yw, ￿tr￿. of£47812021: £NII ￿￿[Ted wi th• knhor*K8 rf ly￿ cha￿$ obpdÈ. 4nd travel and ￿ndry ewEn%5. Were rarn￿￿d. $89 20. s¢AII cx*ts wd tothe ￿l￿￿n￿*t0T. F5 the Traasu¥or and CL¥npany lund¥ 2022 2021 4.617 3.056 No 8taff wwe *ry*)y•J thwlTrJ the (21r21: ￿1. 15 11. Inv••lTrw•rt Vduat Total At 6 Aprl 2021 Addl￿)￿S 1.463,929 131,114 At 5 Aprl 2tr22 1.595,043 Tho Cujrdl ¢M m*itr38n￿rt C(￿lMed that th￿8¥tiMat¢ ofnYJTket value of 1 2 StathwKI Cottages at 5 2022 was £750.IKK) on the from Ibbeil M06ety CNarlar&J Smiwrs LLP Ihlstorf¢>l ¢>)St£162,C681. at 6 Aprl 2021 5 P4YI 2022 tha • 67% 5hve in Th? C18.388 131,114 69.493 In¥8slment fvr#l 1.595,043 2,S28,846 4,123.8B9 1124,1rA) 1124.1C61 199.&)7 At6Aw• At 5 Aprll 2021 I.4￿.016 1.957,978 3A11996 1.483,929 2.584.459 4,048,368 1.056,791 1.W.702 143),3101 1430,3101 Ccl￿￿￿r9. Th• SW ol RelNI fc* the wolNy ofthe trthrlnp d 8n8wv 41 mèt 19. c¢Mnmllm•rt• I the yaarfjnd th¥ ScK•ty hod cfmniited tr¥ F*jr(*￿1￿J an •dthThl 8t*• d 1PA kn Th• Ste8dr¥>s, T d5 2021 22 Mr K Browr The L Tr￿? M$ H Raw¥Jall The Revd D R Sukn Th8 N Hekn ts K R*th"r 415 240 341 31 478 955 18 THE mled b IEfY OF REfR84T CChNDKTORS 2021 INCOME - indfvh*t - Grf( re￿1v81*￿ Rents le¢￿able 1,702 249 10.3x1 1578 ,408 74. 3.320 &S.219 76,541 EXPENDtTIJRE PRC*ERfY EXPENSES F￿and1 Gard8n 6XK*ts• RateB 8ThJ in8urnn¢• Lat Ixopoty expgrAe• 1,963 125 1.541 311 1.914 5281 11213 70218 30.694 DMINISTRATION EXPENSES R•nt sub￿lpIN)N5 kndependent Ex•nbMrf# l&•• Legal and wol868kx7811oe8 Post￿ and telopho Sundry *XP￿ 4.617 3,0 327 2.059 620 1,￿3 87 13 921 478 837 21.204 C