## **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
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_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
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trustees have had regard to the
guidance issued by the Charity
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**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
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beneficiaries and any wider benefits
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to society as a whole.
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## **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
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,| |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
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goingconcern|Para 1.23|**_,.u_**
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**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
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**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 -----**
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Name of person (or
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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 C￿Jrt Guildford Ro ChoE&aTn Surrey GU24 8EB Con i of he Financial the Year ri12 Report of the Trusteey IndepeDd¢nt E￿mIner'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 ts￿e5 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 Re￿￿tillg 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 wJinc0TFrt￿j ¢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 SI￿1¢k Mr R Witmey M5 R Kitch¢n¢r Mrs J Pauling Mr5 V Bir5e Independent E￿mIller THB LLP THB LLP 1 & 2 Studiey Court Mews Sthdley Court Guildford Riy￿1 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 Tn￿t) 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 resr*a 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 acco￿ts 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 inder￿d￿t examination. I have no ¢on¢•ns and have ¢(Hne acn￿ no other matla5 in conn￿ti￿ With the examination to which a￿tion 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 i￿c￿e 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 I2￿422 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 cuRRE￿r 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 outhoris*J fcr I￿Ut and were signed on its bdhalf by: MrN J¢Mes- TnLStee Mr M Sl(rick. Tn&ee Mr R Winney. TTU5*e Ms R Kitchener- TTU5tee Mrs J Pauling- Tn Mrs V B￿5¢. Trwtee TRE LOXW Note5 to the Financial for th Year E ri12 ACCOUNTING POLICIES Bgsis of prepariDg the fjnancial $￿t￿ents The financial statements of the charity, which is a wblic ￿ner11 entity under FRS 102, have trÉen preFdrd in accordance with the Charities SORP (FRS 102) 'Accounting and Rer￿rtIng by Charities.. Staternent of Recotnm¢nded Practice applithle ￿ charities prewtng their acc¢yJnts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Finaftcial ReFx)rting Stsndard 102 The Finan¢ia] Reporting Standard applicable in the UK and Republic of Ireland, and th¢ Clwities Act 2011. The F￿ancial Matem¢Ms have been prepared under the histori￿1 cost convention, with the exc¢pllon of investsnents which we ]￿luts3 at market val￿. as mrylified by th¢ revaluation of certain lwts. Ineome All income is r￿OgniSed in the Ststement of Finatieia] Activities {￿e the charity has entiilement to the fund4 it is probable the income will Ft rrf¢ived and the amount Can Ee measu￿] reliabty. Expenditu Liabilities are recognised as exw)diDJre as 5(MJn as there is a SegaE or constn￿Lve obligation commttting the clwiry to eX￿ndl￿tt, tt is probable a Dw)sfe¥ of ecLmomic benefits will required in settlement and the amount of the obligation measured ￿1labty. Expenditu￿ is accounted for on an accnJa]s ba515 and has been classified under hvadings that aggre￿e a]1 cost rela￿￿ to the category. Where costs Cantt￿ be directly atmbuted to rAnicular headings they have ￿ all¢xated to ￿1Ville$ 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 $w¢m￿. OTHER TRADING AcfiviTILS 5.4 5.4.22 Rents receivable 54.165 56,806 INVLSTMENf INCOME 5.4.23 5.4.22 Dividends and st¢xk imere tktA)sit a¢¢ount inwe 25,367 16,056 26 25,367 16,082 Page 6 continued... RETREA ar End ri12 IL41SING FUNDS IDve¥tment manaeement e(6ts 5.423 5.4.22 Managing agents cornmis5iLY¢ 9,850 25,914 29,682 9.533 24,937 Supp)rt costs 65,446 34,470 TRUSTEES, REMUNERATION AND BENEFrrs There were no trusttt5' temuneratilm (Y other benefits f￿ the yw ¢n&d 5 ApTiI 2023 nor f￿ the year ended 5 April 2022. Trustees, txpeDgeg There wtte no trthsÈets' expenseg paid for the year ended 5 April 2023 forthe yeareniled S April 2022. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACr￿￿lEs Total fi]nd5 fund fimd COME AIYD ENtK)WMEiYtS FROM Other trading aLtivities Investment income 56,8(kS 56,8( 16,082 16.082 16.082 56,8(hS 72.888 EXPENDITURE ON Raising funds 51 45.750 43,801 3.480 3,480 3.53 1 45.750 49,281 gains on investhients 101,521 101.521 NET INCOME 114.072 (72.450) 11,056 72,450 125,128 Trnn$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 I￿VE￿MEN[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 de￿0[$ 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: AmOU￿s 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 EnJO￿Dent 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 fi￿d 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 2￿23. 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 ir*come 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 Athninisti*ion 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