Trustees' annual report for the period
� CHARITY COMMISSION �[FOR ENGLAND AND WALES ]
| Period start dateI CI_5 _Ic I9 I2I2 I Period end date Charity nameIT�c�1At c14.I IT ' |
I CI_5 _Ic I9 I2I2 I Period end date | IO I SI~~C~~I~~L ~~I~~2~~I~~3~~I |
|---|---|---|
Objectives and Activities
:
| Objectives and Activities | : | |
|---|---|---|
| SORP reference |
||
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | -e_,C;'C(;� _U'A� P9 , D(t rL.S11✓. -el9�! ti0fl i |
| summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
,He �US1 E € s- H1.2fC:1 I )Cj ctFLATf�T I - ,'�:K€1 t�C((d (.E/J-··-.H/c>'_i_tr . . |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Cc,:IF,/N,HA, T� -us·TGc S' 10.,cc +/' . i7c -t�( I< I_u_4-, (_ .; ,,,J(€N ,'Al,w <P,t'EV4" l€<:,s, o,Jj |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference Para 1.38 Para 1.38 Para 1.38 |
|
|---|---|
| Policy on grant making | |
| Policy on social investment including program related investment |
|
| Contribution made by volunteers Other |
Charity Accounts templates - Trustees' annual report for the period
. April 2023
2 of 8
Achievements and Performance
----- Start of picture text -----
SORP
reference
Summary of the main achievements Para 1.20
Tit€ �,,y f-t-A>- Pr-:.,; ,h!)c_b
of the charity, identifying the
difference the charity's work has p €1V-:-J S'u i""(A:fk_.,t,
fc,<?_ 1/-t"E l!..�.s-
made to the circumstances of its r , A fJt.£A.f Pr-N� '
t-fC,U.5 11�'7 /1"
beneficiaries and any wider benefits
i:;,,u. ,{u..i !iENT )1 . tf:.' ,.J � TH-€
to society as a whole.
'-/tf•,rL
----- End of picture text -----
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set Performance of fundraising activities against objectives set Investment performance against objectives Other |
SORP reference Para 1.41 Para 1.41 Para 1.41 |
|---|---|
. . . -.; .., .· . Charity Accounts templates - Trustees' annual report for the period
; • ·-April 2023,
3 of 8
Financial Review
| Financial Review | ||
|---|---|---|
| SORP reference |
||
| Review of the charity's financial position at the end of the period |
Para 1.21 | jt P, u:~~s~~·� .4vJ.r |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | .Q t s• �V CS /L� 1t cA s_1, . ::F , f. P� r4t"7cN A ,e l"' 1:L'T ur�- _1, POcvc ,'� J- f- |
| Amount of reserves held | Para 1.22 | V AlttA·6u.:~~-�1• ~~I 0,10: ~~-~~ , , |
| Reasons for holding zero reserves | Para 1.22 | NtA |
| Details of fund materially in deficit | Para 1.24 | t I A |
| Explanation of any uncertainties about the charity continuing as a goingconcern |
Para 1.23 | ,.u w. �...-r. :'7 r Er |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| The charity's principal sources of funds (including any fundraising) Investment policy and objectives including any social investment policy adopted A description of the principal risks facing the charity |
Para 1.47 Para 1.46 Para 1.46 |
|
| Other |
.
.
. • Charity Accounts templates-Truste-es' a�nual report for the period
April 2023
4 of 8
Structure, Governance and Management
| Description of charity's trusts: | SORP reference |
|
|---|---|---|
| Type of governing document (trust deed,royal charter) |
Para 1.25 | \us' uE7 |
| How is the charity constituted? (e.gunincorporated association,CIO) |
Para 1.25 | |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | 'f/U. c€ffLf /r�'· TcDm" /1:;,.- f f- tY Ac �efy .4U _1/iS16E__ f |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity's organisational structure and any wider network with which the charityworks |
Para 1.51 | |
| Relationship with any related parties | Para 1.51 | |
| Other |
Charity Accounts templates - Trustees' annual report for the period
April 2023
5 of 8
Reference and Administrative details
----- Start of picture text -----
!
----- End of picture text -----
| Charity name | 'HF 4,!EAT "�;TY |
||
|---|---|---|---|
| Other name the charity uses Registered charity number |
t I�- | ||
| 2�B&s- | |||
| Charity's principal address | �c) ( �CD K-Lf � Y ° ,Zp (-2Y � "- ,w_' � _Su_t.r_E' ,cr,3 c,R·- |
Names of the charity trustees who manage the charity
| Trustee name Office (if any) |
Trustee name Office (if any) |
Dates acted if not for Name of person (or whole year body) entitled to appoint trustee(if any) |
Dates acted if not for Name of person (or whole year body) entitled to appoint trustee(if any) |
|---|---|---|---|
| (~~"'·~~Tv,€. -1c:7E£ |
|||
| 1. 5'L0/ IC/' f. Ir.: , r E Y ' L STE E --ccs -rE E |
|||
| ,{ KriH<-� ---?{u� / €E |
|||
| �f4w, /; -/u: EE |
_1q_04.2-- .: |
||
| v' P :tS€ |
- .cc. -r E € | 2C/_C<. _2� |
|
Charity Accounts templates - Trustees' annual report for the period
April 2023
6 of 8
Reference and Administrative details (cont)
Corporate trustees - names of the directors at the date the report was approved
Director name ~~t/4~~
Name of trustees holding title to property belonging to the charity
| Trustee name | Trustee name | Dates acted if not for whole year |
|
|---|---|---|---|
| ( | 1;Jt1J;2Y | ||
6 |
t 1Cf {;N€R | ||
Charity Accounts templates - Trustees' annual report for the period
April 2023
7 of 8
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
rJ IC· |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects |
|
| Details of arrangements for safe custody and segregation of such assets from the charity's own assets |
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Charity Accounts tempiates - Trustees' annual report for the period
April 2023
8 of 8
Declarations
The trustees declare that they have approved the trustees' report above.
Signed on behalf of the charity's trustees
----- Start of picture text -----
|||||
|---|---|---|---|
|Position (eg Secretary,|
|s|
|Chair, etc)|�----------�----------�|I|C,t-tA' R.. C, � --r.eu.ff EE|
|Date|o, .|2|
|13 ,|c,..|
|�-|----------------�|
|Signature(s)|l|tf|�|
----- End of picture text -----
--
Charity Accounts templates - Tfuste�s' annual report for the period
April 2023
REGIgfERED CHARITY NUMBER: 258850 and THB LLP 1 & 2 sh¢Y Cowt M¢ws Swdky CJrt Guildford Ro ChoE&aTn Surrey GU24 8EB
Con i of he Financial the Year ri12 Report of the Trusteey IndepeDd¢nt EmIner'S Report Statement of Financial A¢tsvttt B#lxn¢e Sheet 4 to 5 Noteg to the FlnaDelAI StatemeAts 6 to 11 12
ETREAT L OOD rt The tse5 present thew reFKYt with the fllwicial sthtements of the charity, for th¢ y¢ar ended 5 April 2023. The trustees have adopt¢d the provisions of Accounting and Retillg by Cl]arities: Sthtemenl of Recommended PTretic¢ applicable to chaTiiies prewing thetr accounts in accordance with the Fill¢]41 Repyting Stsndard applicable ID the UK and Republi¢ of Jreland (FRS 102) {effectiv¢ l January. 2019). STRucfuRE. COVERNANCE AND MANAGEMENT Governlng document The charity is C(Mtroll by sL% goveming downenL a deoj of trust constiw an wJinc0TFrtj ¢harity. REFERENCE AND ADMINIsfRATIVE DETAIiS Regisiered Charity Dumber 258850 Principal addre95 2(M) Brookands R(od Weybridge SuTrey KT130RJ Trustees Mr N Jones Mr M SI1¢k Mr R Witmey M5 R Kitch¢n¢r Mrs J Pauling Mr5 V Bir5e Independent EmIller THB LLP THB LLP 1 & 2 Studiey Court Mews Sthdley Court Guildford Riy1 Chobham Sunry GU24 8EB Approved by older of the ixwd of trustees 31.012024..............._................ and s]ed on its behalf by.. MTS V Birse. TnLSte¢ Page I
Ind endent Examiner, Th¢ R¢treat Loxw Independent eIamlnees rryK)rt to the trllstrfs ofThe Retr& iAbTrTr)d I rew)rt io the ¢haTity ttustees ort mj examination of the of The RetreaL Loxw(Kd (the Tnt) for the year ended 5 April 2023. ResN)nslbllltks attd b•sts of rtFY•rt A5 the charity trustees of the Trust you att rtspLwii Jle ts the ryepar0ts of the accounts in wjrthce with the requirements of the Chariiies Act 2011 Cthe Acf). I reF in resw of rny ¢xaminatÈon of the TTusVs C{MMts Lzrted under Sediott 145 of the Act and in LYTrying out my examinatÈon I have followed all appli¢able Dtrertions given ty the Charity Commi55ion under Section 145{5Kb) of the ACL Independent eLgmlner's ststement I hav¢ ¢(Nnplded my WAamination. I confim that no material mattrts bave come to my attemicd in with the exainiiiation 8ivin8 me caus¢ to believe that in any materi81 re¥ttt". accounting rec(Yd5 were kepl in resra of the Tntst as rwuired by Sedion 130 ofthe ACL. ( th¢ accounts do not pK¢ord wÉth those records" or the a¢¢ounts do not cornply with the atpticabk requirements COn¢ernu the form and content of accots set out in the Charities (Accounts aDd Reports) R¢gulations 2(M)8 (ber than any Tequirement that the accounts give a llue and fair view which is not a matter considered as rArt of an inderdt examination. I have no ¢on¢•ns and have ¢(Hne acn no other matla5 in connti With the examination to which ation should be drawn in thi5 reFth in orderto enable a properunikT*•thg of the xc(MJnts to be reach THB LLP THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chokknn Surrey GU24 8EB 30 Jalluary 2024 Page 2
TR ox OOD tat 5.423 5.422 fund fuDd fimds fund8 INCOME AND ENDOWMENTS FROM Othertradn)g #¢tivities Investsnent ice 54.165 54,165 25367 56,806 16,082 25J67 Tot*1 25J67 54,165 79,532 72,888 EXPENDITURE ON Raising fiu 13.899 51,547 65.446 45,801 Other 3.480 Totsl 13.899 51547 65,446 49281 1281.132) (281.132) 101,521 NET INCOMEI(EXPENDrruRE) Trnllsfen between 1269.064) 2,617 1618 12.617) (267.046) 12S,128 12 Net movement In fuTrds (267,047) (267,046) 125,128 RECONCILIATION OF FUNDS Total fimds brwght fon¥ard I J20,638 320.440 1,641,078 1.515.950 TOTAL FUNDS CARRIED FORWARD 1,053,591 320,441 ,374,032 1,641,078
Balance Sheet ril 20 5.4.23 5.4.22 T(knl funds funds FIXED ASSETS Tangible assets Investsnents 320.440 320.440 965.982 320,440 1233,447 965.982 320.440 I2422 1,553,887 3,177 8&634 Casb at bank 9S,109 95,1(Y) 95.11 95,1(P) 89,811 CREDITOILS Am(Mmts f411ing thi¢ within (me yar io 15220) {5219) NET cuRREr ASSEIS 89.889 89.89) 89,811 LIABILITIES .055.871 320.441 lJ76J12 I.3.695 CREDITORS Amounts fauing due after m(ffe than one y (2280) (2280) (2.620) NET ASSETS 1,053.591 320,441 1,374,032 1,641,078
THE al ¢eSh FUNDS 12 1,033,591 320,441 Endowinent fimds .320,638 320,440 .374,032 1,641,078 The financial statements weTe apyoval by the Board of Tntstees and outhorisJ fcr IUt and were signed on its bdhalf by: MrN J¢Mes- TnLStee Mr M Sl(rick. Tn&ee Mr R Winney. TTU5e Ms R Kitchener- TTU5tee Mrs J Pauling- Tn Mrs V B5¢. Trwtee
TRE LOXW Note5 to the Financial for th Year E ri12 ACCOUNTING POLICIES Bgsis of prepariDg the fjnancial $tents The financial statements of the charity, which is a wblic ner11 entity under FRS 102, have trÉen preFdrd in accordance with the Charities SORP (FRS 102) 'Accounting and RerrtIng by Charities.. Staternent of Recotnm¢nded Practice applithle charities prewtng their acc¢yJnts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Finaftcial ReFx)rting Stsndard 102 The Finan¢ia] Reporting Standard applicable in the UK and Republic of Ireland, and th¢ Clwities Act 2011. The Fancial Matem¢Ms have been prepared under the histori1 cost convention, with the exc¢pllon of investsnents which we ]luts3 at market val. as mrylified by th¢ revaluation of certain lwts. Ineome All income is rOgniSed in the Ststement of Finatieia] Activities {e the charity has entiilement to the fund4 it is probable the income will Ft rrf¢ived and the amount Can Ee measu] reliabty. Expenditu Liabilities are recognised as exw)diDJre as 5(MJn as there is a SegaE or constnLve obligation commttting the clwiry to eXndltt, tt is probable a Dw)sfe¥ of ecLmomic benefits will required in settlement and the amount of the obligation measured 1labty. Expenditu is accounted for on an accnJa]s ba515 and has been classified under hvadings that aggree a]1 cost rela to the category. Where costs Cantt be directly atmbuted to rAnicular headings they have all¢xated to 1Ville$ on a liS ¢onsiSteni with the use of Taxatio The chwity is exempt fmm tsx on its ¢ttable xttvitie Fund aecountlttg Re5tricied funts can only be used for FQrticuiar restrithed purww within the objeas of the ch&ity. Restridions arise when spKified by the th)nor cf when fimd8 are taised f particular restr1¢1pUrpO3es. Further explanation of the Aall and PUrF of exh fitnd is included in the Dotes to the financial $w¢m. OTHER TRADING AcfiviTILS 5.4 5.4.22 Rents receivable 54.165 56,806 INVLSTMENf INCOME 5.4.23 5.4.22 Dividends and st¢xk imere tktA)sit a¢¢ount inwe 25,367 16,056 26 25,367 16,082 Page 6 continued...
RETREA ar End ri12 IL41SING FUNDS IDve¥tment manaeement e(6ts 5.423 5.4.22 Managing agents cornmis5iLY¢ 9,850 25,914 29,682 9.533 24,937 Supp)rt costs 65,446 34,470 TRUSTEES, REMUNERATION AND BENEFrrs There were no trusttt5' temuneratilm (Y other benefits f the yw ¢n&d 5 ApTiI 2023 nor f the year ended 5 April 2022. Trustees, txpeDgeg There wtte no trthsÈets' expenseg paid for the year ended 5 April 2023 forthe yeareniled S April 2022. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACrlEs Total fi]nd5 fund fimd COME AIYD ENtK)WMEiYtS FROM Other trading aLtivities Investment income 56,8(kS 56,8( 16,082 16.082 16.082 56,8(hS 72.888 EXPENDITURE ON Raising funds 51 45.750 43,801 3.480 3,480 3.53 1 45.750 49,281 gains on investhients 101,521 101.521 NET INCOME 114.072 (72.450) 11,056 72,450 125,128 Trnn$fers bttweeD funds Net movement in fuDds 41,622 83,506 125,128 RECONCILIATION OF FUNDS Total fijnds brought forward 1279.016 236,934 1,513.950 TOTAL FUNDS CARIUED FORWARD 1,320.638 320,440 1,641,078 Page 7 Continued..
HE RETRE T LOXWOOD otes to the Fina they TANGIBLE FIXED ASSETS Freehold pr(>perty COST At6 ApTiI 2022 and 5 April 2023 320.440 NET BOOK VALUE At S Awil 2023 320,440 Ai 5 Awil 2022 320.440 FIXED ASSET IVEMEN[S Listed illvestsnents MARKET VALUE At 6 Awi] 2022 A(hJiLtons Reva]uatiOnS 1233,447 13.667 (281,132) At S AFffil 2023 965,982 NET BOOK VALUE Ai 5 April 2023 965,982 At 5 April 2022 1,233,447 There were no investsnent &8sets INttside the UL Co# OT valuation * 5 April 2023 is rewuented by: Listed investments Valuation in 2023 965,982 DEvfoRS: AMOUNTS FALLING DUE wrriiiN ONE YEAR 5.423 5.422 Trade debtors Other de0[$ Prepayments 798 1.51X) 879 3,177 ¢onlirtu¢d..
RE Note5 to the F- ancial for ear End (aiemen io. CREDITORS: AMouNfs FALLING DUE WITHIPI ONE YEAR 5.423 5.4.22 Trode ¢reditors Other credttors 5219 (2) 5.219 CREDITOkS: AmOUs FALLING DUE AFTER MORE THAN ONE YEAR 5.423 5.422 2280 2,620 12. MOVEMENT IN FUNDS Net movement in fvnds Trdnsfers At 5.4.23 At6.422 fitn Unrestr¥¢¢¢d fuDds General fijnd I J20,638 (269.664} 2.617 1.053,591 EnJODent funds ENDOWMENT 320,440 2,618 (2.617) 320,441 TOTAL FUNDS 1,641.078 {?67,IM6) l J74,032 Net rnovemertt in fiJnd& included in the aiK*ve are a5 follow5: ItKoming Gains aod losses Movement in fun(Ls Unrestrkted General fijnd 25J67 (13.899) (281.132) (269,664) Endowme#t fuDds ENDowNwr 54.165 (51,547) 2,618 79,532 (65,446) (281,132) {267.046) ¢orttinued..
THE RET T LOXWO e Financial 12. MOVEMENT IN FUNDS- eontlDued Comparatives for moveJDeot in funds Net At 5.4.22 At 6.421 Èn fund5 Unrestrirted funds General fiu]d 1279.016 114,072 (72.450) 1,320,638 Endowmeot funds ENDOWMENT 236.934 11,056 71450 320,440 TOTAL Fuf4DS 1,515,950 125.128 1.641,078 CmFArtiv¢ net movement in Includ in the aiM)ve ate as folk)w&' ITKoming Resourtes Gains exF¢n(kd losses Movement in fijnds Unreytricted funds Gen¢rnl fund 16.082 (3,531) 101,521 114,072 EDdoYrni¢nt fundj 56,8&5 (45,750) 11,056 TOTAL FUNIXS 72.888 {49281) 101,521 125,128 A awrent year 12 months and pri(Yye4r 12 months c(Anbin posiiion is follows: Net ]novement in funds Transfrrs between fund8 At 5.4.23 At 6.421 Unrestr5eted funds General fund 1279.016 (155,592) (69,833) 1,053.591 Endowment funds ENtX)WMENT 236.934 13,674 69,833 320,441 TOTAL FUNDS 1.515.950 (141,918) l J74.032 Page 10 continued..
RETRE xw s to the Finan the Year E ents- continued 12. MOVEME IN SiJNDS. contiDlled A year 12 months and Fffior year 12 M(th$ combined movement in fimds included in the aiwe are as follows- Gains Movement in fimds Unr¢strlcted funds General fid 41.449 (17.430) (179.611) (155,592) Endowrnent funds 110.971 {297) 13.674 TOTAL FUNDS 152.420 (114,727) (179.611) (141,918) 11 RELATED PARTY DISCLOSURES There were no relat&1 party tran]( forthe year ended 5 Awil 223. Page 11
HE RETREAT L Detail 5.423 5.4.22 INCOME AND ENDOWMENTS Other tradlng a¢d Rents ceIVable 54,165 56,806 Investment ircome Dividends and stock intrrest Dewsit account intuesi 25J67 16,056 26 25J67 16,082 Total infoming r¢sourees 79,532 72.888 EXPEfqDITURE Investment 88¢m¢nt Costs Managing agents commission 9,850 25,914 9,533 24,937 35.764 34,470 Support costs InfoTm#tloD tgcbnolo Subscriyion Other Insurance Light and h¢at Sundries Profe5sion81 Ftts 1,847 11.930 407 1,070 8,676 295 15J78 10,041 Other 2 Athninistiion exF¢nses 11120 1,980 Govemnee costs A¢¢ountan¢y and legal fees 65,446 49281 Net Income 14.086 23,607 This page does not forni w of the st&uiory fm8n¢ial ststements Page 12