Charfty rggbtration number 269157 Company registration nurnb8r 01201086 (England and Wales) SIZEWELL HALL LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 SIZEWELL HALL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trusto9$ MrCLow Mr M Cullum Mr A Golding Mr G Jaijt Mr M Lev•tt Mrs M Low Mrs J Pulford Mr D Wlding Mr W Elphick Mr T Boswell (Appointed 9 May 20231 Secretary Mr N s￿]eant Charlty number 269157 Company number 01201086 Roglst•r¢d offlce Sizv•¥ell Hall Leislon Suffolk IP16 4TX Indèpendènt examln•f L8 Group Advisory Limtted Ilpswlch 80 Compair Crescent Ipsweh SLffjolk UK IP2 OEH SIZEWELL HALL LIMITED CONTENTS Pago Trustees, roport Indepgnd&nt ex8minerts ￿port Statement of finanual ectivilies Balance sheet Notes to the fin8nu81 stslemerrts 9-16 SIZEWELL HALL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2023 The truslegs present their annual report and financial Statements for the year ended 31 October 2023. The financial stslements have been prepared in accordance vthh the ac￿n￿'n9 policies sel out in note 1 to th8 financial statements and comply the charity's Memorandum of Articles. the Companies Act 2006 and 'Accounting and Reporting by Chanlies". Slalemenl ol Recommended Pla￿e applicable lo charities preparing their accounts in accordance with the Financial ReportirKJ Standard applicable In the UK and Republic of Ireland IFRS 1021" las amended for accounttng periods commencing from 1 January 20191. Oblectlvès and a¢tlvltS&s The obieclives of the Charity are.. To advance the Protestant and EVar￿&11Cal truths of the Chnslian Faith. To educate, train and equip preachers, ministers, teathers, students, missionaries and other persons with the objects of the assouation and to make grants. don81ions and subsuiplions or payments in respect thereof. When planning and revlewing the activities for tho year. lh8 Trustfj￿ have considered the Charity Commission guidance on public benefit and, in particular. the swcific gutdance on Charf(ies for the advancement ol religion. In particular the Charity provides a facility to enable people to explore there knowledge and increase their faith in the Protestant and Evangelical truths of the Christian Faith. In ofder for the objeds of the Charity to be furthered. camps. cLJnferences, retreats and house parties have been held which involve ecumenical groups from churches, youth organisali¢)n$. notional inilialives. schools and ¢olleges. s￿eWell Hall benefits from Significant volunteering work for those who prepare the campgte and assist with g&neral maintenance around thé grounds. are 9ral&lul for all support bul we are seeking lo increaso the SUPPCirt from volunteers wherever possible- particul8dy in the t4)mplthn of v8riw$ tasks do not require signtficanl amounts of skill or &xpertise. SIZEWELL HALL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Achlevements and perfomiance Sllewell Hall Is a Chrislian Conference Centre and Camping localion in an idyllic thalion in the Suffolk coast. OUT primary building is now 100 years old and we took rt over 49 years ago whers it was in a state of sorne disrepair. Since that time, we have made great improvements to the t￿lIding and brought back the building lo a high $tsndard of repair and decoratson. Our year ending October 2023, was both encouraging and challenging, as the recovery from the pandemic conb'nued. Bookings have inueased but remain lower than pre-pandemic levels Average group size has. similarly. continued lo be lower. However, cttupancy exceed levels seen in 2023 exceeded those of 2022 whlch Ss gratifying. The Hall is gratdul to Colin Low, who has dadicated time voll￿tan1Y to oversee the day-to-day running of the Hall following the departure in 2022 ot the General Manager. we'￿ gralefvl loo lo Matt Shaddick, our Marketing Manager. who stepped up lo lake responsibility under Cotin's direction for many dulles nornially performed by the General Manager. The Truslees have also slepped in to support Colin and Matt as weekend hosts, 8nd we're thankful for this further demonslrabon of their cheerful commrtmenl. Colin and Matt have btheen them provided much.needed stability, have demonstrated good judgement, and in$ps'red confidence in the team Two ijrther members of staff left during 2023. one lo ithre and one lo pursue another opportunity. Our gratitude to Ihern was expressed personally as we marked their departures. After a fomial recruitment process, we were pleased to welcome Jason Shaw as Hospitality Manager in Oclober 2023. Joson has quickty proved himself a great addition lo the team. As mentioned. th8 Hall is over 100 years old and in conslanl nood of care and attentlon. Further. the expect81ion8 ol people attending th8 Hall are Changing". for example. ènsuite faalities and lockable rooms are increasingly the norm. This is particularly the case when attractiThJ potents'al r￿W group considering bogking. The trustees have rgsponded by refurbishing a room as an example ol what can be done and inviting designated gifts lo allow further rooms lo k similarfy upgraded. The Iruslees approved a programme to replace Ihg wndows on the oast face of the building, and this work was substantially completed in the year. The h8aviest impact from recent utility price incroases has been $gnificanUy aMe1￿)rated by our long tem fixed prlce electricity contract which ended in the Summer. We antscipale electricity costs wll more than double as wg move to a new cgntraci. The trustees have reluctsnlly agree(I to increase hire lees coriespondingly lo offset these and olhef cost pressures driven by the cost of living tri￿$. We are. 88 ever, indebted to those who continue to give fina￿lallY as well a$ their limo a$ this has ensured that we have been able to slay open durirvJ what contlnue lo be thallenging limeg. Flnanclal revlew Sizewell Hall reported a deficit for the year of £33.659. This was a $igntficanUy smaller deficit than 20221£73,0021. Income was down in 2023 81 £264,274 compared to 2022 Income of £265.3CQ. Athough occupancy was improved, rates were discounted to encourage groups to book at less popular limes of the year. Expenditure was signif¢antty constrained al £297,933 compared with £338.302 the previous year. This was driven by ¢arefvl cost ￿ntrOl. and tho deosion not for the lime being to replace the General Manager who left in 2022. Reported ￿SeNe$ comfortably exceed the minimum level sel by Iruslees 013 months nornial operating expenses.. approximately £70.000. SIZEWELL HALL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 The Iruslees have assessed the major risks to which the ¢harty is exposed. and afe satisfied that systems are in place to milwate exposuie lo the major risks. Plans for futurè parlods Churches remain enthusiastic the Hall and th& faulth.es we offer but continue to slwggle to engender commitment for residentials from thwr members. Like many in similar sectors. we operate in an environment of unprecedented uncertainty. Senior staff and the board wll watch operations closely and make adjustrnenls as quired. That said, the charity plans lo maintain all rt5 ongoing activities, subieci lo funding continuing and support being received from visiting groups_ We thank our visitors for all their loyal support and feedback. The Ifuslees have reluctantly agreed a significant inuea5e in hire charges to reflect the increased cost of running the Hall. This, together with heatthier advance bookings. ewxjrages the charty to the believe that Income will return towards pre.pandemi¢ levels this year. The truslees would like to appoint 8 rnember ol staff lo lake responsibility for the grounds and the fabric of the building. but wll await finanaal results for the first part 012024 prior lo deciding. The Hall 1$ now in gtxxl conditson slruclurally, save rewdual concern about the doors and VAndows which have not been replaced. many of whi¢h are single-9lazed and suffering from the coastal elements. The cottages and campsite fa¢iliti8s are falling behind 21st century expeclations, arKI the Trustees will consider furth&r inv8slmenl in Iheso areas over the next few years as fun¢Js permit. Structur•, governance and managemant The charity is a company limited by guarantee. The Iru8lees, who are also the directors fw the purFue of company law, and who served durfng the year and up to thè datè ol signaturè of the financial stslements were= MrCLow Mr M Cullum Mr A Golding Mr G Jack Mr M Levett Mrs M Low Mrs J Pullord Mr O Wilfjing Mr W Elphick Mr T Boswell (Appointed 9 Moy 20231 None of the Iruslees has any beneficsal interest in the comparry. All of the trustees are members of the company and guarantee to conlribute £1 in the event of a winding up. Concludlng remarks We are truly grateful to all those who gtve of their bme. ￿$OUrceS and finances to maintain the work of Sizewell Hall. We have been blessed lo have empk)ye(l ¢ons¢ienlious and diligent staff tho maintain the work on a day-to-day basis. We are also grateful to all the board of directors who give of their ts.me to ensure that the finances. fabric and purpose of the Hall are maintained. and to cwi volunteers who help with pract￿ matters ar¢)und the sle. SIZEWELL HALL LI￿￿ED TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 The SIZEWELL HALL LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SIZEWELL HALL LIMITED I report to the trustees on my examination of the finanoal stslements of Syzewell Hall Limrted Ilhe chartyl for the year ended 31 October 2023. Responslbilltles and basss of rgport As the trustees of the charity {and also ils directors for the PLtrfFoses of company lawl you are resy)nsible for the preparation of the financial Statements in accordance wth the requirements ol the Companies Act 2006 Ilhe 2006 Act). Having salisfied myself that the financial statements of the charity are not required to be audil¢¢J under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial slalements carried out under sethon 145 of the Charrties Act 2011 (the 2011 A￿1. In carrying oul my examination I have f￿lowed all the applicable Direct￿n& given by the Charity Commi86ion under section 14515llb) of the 2011 Act. Indopend•nt •xamln•rfs statement Since the charity's gr05s income exceetled £250.000 your examiner musl be a member of a body 118ted in section 145 of the 2011 Acl. I confirm that l am qualified to tjndertake the examination because l am a member of Th? Institute of Chartered Accountanls in England and Wales IICAEW). whi¢h 1$ one of the listed bodie8. I h8ve completed my examination. I confirm that no matters have come lo my attention in Connecti￿ with the examinaty'on gwing me cause to believe that in any malenal ￿speCt.. accounting records were not kept in respect of the chanty as required by Section 386 of the 2006 Act.. OT the finanoal slalemenls do not accord those records". or the finanaal $lalemenls do not comply wlh the aL%ounling requiiement5 of section 396 of thè 2006 Act other than any requirement that the accounts give a true and tsir view whith 18 not 8 matter consldwed 88 part ol an independent examination., or the financi¥l stslements have not been prepared in &eordance wth tha mathods and principle5 of the Slalemenl of Recornmended Practice for a¢¢ountsng and reporting by charities applicable lo charities preparing thèir accounts in accordance wlh the Finanual Reporbng Standard applicable in the UK and Republic of Iieland IFRS 1021. I have n concems and have come auoss no other matters ir¢ ConneCt￿n wlh the examination lo which uld b8 drawn in this reFort in order to enable a proper undèrstanding of the finawal slalemenlB to re8C Christoph nn L8 Gr￿p Advisory Limited Ilpswichl 80 Compair Crescent Ipswich Suffolk IP2 QEH UK Dated.. ,//t4. SIZEWELL HALL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Unrnstrlcted RestrScted funds nds 2023 2023 Totsl Unrestrlcted Rèstricted funds funds 2022 2022 Total 2023 2022 Notss Donations and legacies Charitable activities Investments 40,183 221.988 2,103 40,183 221,988 2,103 30,933 234,132 235 30.933 234.132 235 Total Incom• 264,274 264,274 265,3 265,300 Charitable activili8s 297.933 297.933 338,302 338,302 Net outgolng rMourc•• beforo transf•rn 133,6591 133.6591 {73,0021 173,0021 Gross transfers bètween funds 17,003 {17,0031 Ng1 gxpendlture for th• yfrarl Not mov•m•nt In fund• (16.656) 117.0031 133,659) (73.0021 173,0021 Fund b818ncgs at 1 November 2022 370,778 82,861 453,639 443.780 82.861 526,641 Fund balanc•s at 31 0¢to￿r 2023 354,122 65.658 419.980 370,778 82.881 453.839 The statement of finanual activrfies indLKles all gains and Ios8es retsjgnised in the year. All income and expenditure dèrive from continuing 8ctivth"e8. The statement of financtal activities also comph'es with the requirements for an inc(xme and expenditure account under the CompaniesAct 2006. SIZEWELL HALL LIMITED SUMMARY INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 All incorne funds 2023 2022 Gross In￿Me 264.274 265,300 Total oxpenditure from income funds 297,933 338.302 Not •xp•ndlture for th• yoar 133,6591 173,0021 SIZEWELL HALL UMrrED BAIANCE SHEET AS AT 31 OCTOBER 2023 Flxad a•••t• Tangl￿e assèts 10 356.519 CurniTht w•t• 11 12 n7 9.C67 120.072 Detyt C88h at bank 25,956 141.525 137.896 176.727 Credltov•: amounL•falllng wltNn on8 y•ar 14 {49.016) 162J7) Nel ¢JJrrent assets 124,500 Totsl aBR•t• l•M cwY•nt I1￿$1M1 437.379 481.019 ¢r•dStor•: •rno¥nl• falllng du• *ft•r mor• ih•n on• y••r 117,3991 127,3801 419,980 453.839 Incom• fvnd• R8thcted fundB Unre8lrfct•J lun 6S.B58 3S4.122 82,861 370,778 419,9KI 453,e39 2￿. forthe ywr•rMknJ 31¢￿2￿ Th8 dir8ctorB 8cknrA¥* thek r8¥pr*￿tidrtles for (>*￿Tra wilh the of the Crywle8 Act 2C#J6 acojrdanca seditin 476. Trust Company r•glstr•llon numbw01201086 SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accounting policies Charlty Inforrnatlon Sizewell Hall Limrted is a priv*e company limited by guarantee irKorporated in England and Wales. The registered office is SrLewell Hall, Leiston. Suffolk. IP16 4TX. 1.1 Accountlng conventlon The financial statements havg been prepared in o¢¢ord8rKe 7Mth the charivs Memor8ndum of Article8, the Companies Act 201￿, FRS 102 "The Finantial Reporting Standard applicable in the UK and Republic gf Ireland. I'FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities". Statement ol Recommended Practice applicable lo chartties preparing their accounts In accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The charty is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the prowwon$ in the SORP for charities not lo prepar8 a Stslanenl ol Cash Flows. Th• finan¢ig1 $tal•ments are pr•par•¢l in sterling, vthich 18 thé fiJnctKmal currency of th¢ charity. Monetary amount8 in these financjal stslemerts are rounded lo the nearest £. The finanual 8tstemenl$ have been prepared under ￿ hisloric cost convention. The prinupal accounting policies adopted are sel our bek)w. 1.2 Qolng coftcern Al the lime of appfoving the financial statements. the trusiees have a reasonable expectation that the charity has adequate resources to conts'nug in operatsonal existence for the foreseeable future. Thus the trustees conllnue to odopt th¢ going corKem ba*$ of a¢counling in preparing the fi￿ar￿la1 staternent$. 1.3 Charltabl• funds Unreslricled funds are available for use at thfr discreti￿ of the trustees in ￿rtheranCe ol their Charitable obieclives. Restricted funds are subject to speufic ￿dItIonS by donors as lo how they may be u8ed. The purpD8e8 and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds ère subject to speafic ￿ditionS by donors that the capil81 musl te maintained by the charity, 1.4 Income Income is recognised when the tharity is legally entitled to it after any ￿rftymanC0 conditions have been met. the amounts can measured reliably. 8nd rt is Probab￿ that income ￿11 be received. Cash donations are recognised on receipt. Other ¢y(￿a￿.0n$ are recognised once the charity has been notified of the donation. unless perfonnance condition5 require deferral of the amount. Income tsx recoverable In relation to donations received urKler GiftAid or deeds ol covenant is recognised at the time of the donation. Legacies are recognised on receipt or olherwse rf the charity ha5 been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known. the legacy is Ire81ed as a contingent asset. SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollcl8s Icontlnuedl 1.5 Expendlture Expenditufe is recognised once there is a legal or construclive obligation to transfer economic benefit lo a third party. it is probable that a transfer of economic benefits wll be reqUI￿j in seluemenl, and the amount of the obligation can be measured reliabty. Expenditure is dassified ty adimty. Th? costs of each afAivrty are made up of the lotsl of dir￿1 costs and shared costs, including SUPPOrt ¢osts involved in undertaking each activity. Direct costs attributable to a singl8 activtty are allocale(J directty to that actiwty. Shared cosls which conlribute lo more than one activity and support costs which are not attributable to a *ngle acbvrty awe apportioned between those activit￿$ on a b8S18 consi$lenl with the use of resources. Central staff costs are allocated on the bass of lime spent, and depreciation char9es are all¢Jcated on the pOrt￿n of the assel's use. Expendlture is accounts for on an accw81s basis and has been dassified under headings that aggregate all eosts relab'ng lo Ihe category Where costs can not be diredy attributed ts particular headings t￿Y havo been allocated lo activities on a basis eonslant wth the use of resources. The costs of the conference centr8 are those directly assouated wrth the njnnlng, maintenance and oporalion ol the Sizewell Hall C¢ntre Govemance. management and adminislralion C￿t¥ are those irKurred in o)nnectlon admlnlslrat*)n ol the charity and compliance wlh ¢￿$11t￿￿.0n3K?ry requiremer)ts. 1.6 Tanglbl• fix•d a$s•t• Tangible fixed a55ets are initially measure(l al cosl and uOsequenWy measured al co81 or valuation, nel of depreciation and any impaimenl1088es. Depreciation is recognised so as to wnte off the cost cff valualion of assets their residual valu•s over Ihgir useful lives on the followng bases.. Leasehold larKI and buildlngs Plant and equipment Fixtures and fittings 23 years slraighl Ilne 20% reJs. Donatlons and legacles Unrnstrlct6d Unrestricted funds funds 2023 2022 Do￿110n$ and gifts 40,183 30,933 Charltable actlvltle• Shop4nd Cenlrn Food Sio 2023 2023 Totsl Conf•r•Trc• Shop and 2023 C•ntr• F*)od Stor• 2022 2022 To¢•1 2022 Sale$ wilhln charitabl• aclivilies 204.385 17.623 221.988 218.969 15,163 234,132 Investments Unrnstrlctéd Unrèstricted fund$ funds 2023 2022 Interest receivable 2.103 235 12- SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Charitable activits8S Cenlrg and Centr• and Fo¢xl Store Food Store 2023 2022 Staff costs Depreciation and impainnent Cleaning and laundry Contrad cleaning Insurance Llght. heal and power Photocopying 74.158 29,121 8.841 41.817 18.016 30.939 4.632 101.106 28,633 5,012 35.369 15,939 26,997 1,725 F 11 Purchases adjusted for 8lo¢k8 Rates Rent Repair8 and renew818 Traveling expenses Water Other gxpen8e8 17,469 3.775 8,958 20,362 192 5,723 1,723 10,717 4,369 28,000 34,291 8,876 265,746 299.145 Share of support costs {8ee note 7) 32,187 39.157 297,933 33B,302 Support ¢osts Support Governance Costs costs 2023 Support Governance costs costs 2022 Office expense$ Sundry costs Ind8pendenl Examiners Fee Professional costs 8.303 15,977 8,303 15,977 9,583 17,800 9,563 17,600 1,614 6.293 1.614 6,293 1,380 10,614 1,380 10,614 32.187 32,187 39,157 39,157 Analysed be￿n Charitable adivrties 32,187 32,187 39,157 39,157 13- SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Trnstses None of the Iruytees lor any persons connected fft them) received any remunerati￿ or benefits from the charity during the yaar. Employe The average monthly number of ernployees during the year was". 2023 Numbfrr 2022 Number P8rt fime Full fime Total Employment costs 2023 2022 Wages and salaries Other pension costs 72.023 2,135 98,831 2,475 74,158 101,106 There were no employees whosè annual remuneration was more than £60,000. 10 Tanglblè flxed ass•ts L••sohol¢J lond and *￿Ik11ng$ Pthnt*nd FlxtUrn8 and ¢quipm•nt Thttlng Toi•l Cost Al 1 November 2022 Additions 807.479 17.003 146,107 1.335 106,324 2,763 1,059,910 21,101 Al 31 October 2023 824,482 147.442 109,087 1,081,011 D•preclatlon and Impalmient Al 1 November 2022 Depreciation charged in the year 476.463 23,201 130,127 3,463 96,801 2,457 703,391 29,121 Al 31 Odober 2023 499.664 133,5 99,258 732.512 Carrying amount At 31 October 2023 324,818 13,852 9,829 348,499 Al 31 October 2022 331.016 15,980 9.523 356.519 14- SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 11 Stocks 2023 2022 Finished goods and goods for resale 8.737 9,246 12 Debtors 2023 2022 Amounts falllng dug wlthln one year: Othor debtors Prepaymgnls and accrued Income 2,576 6,511 24.238 1,718 9.087 25,956 13 Loans and overdraft# 2023 2022 88nk loans 27,423 37,447 Payable within one year Payable after one year 10,024 17,399 10.067 27,380 The loen 1$ a govemmenl backed btsjnce ba¢* loan. The loan is repayablè over 80 fflonths and Interest is charged al 2.5% per annLtm. 14 Cr8dltorn: amounts falllng du• wllhln on• y•ar 2023 2022 Bank loans Trade creditors Awuals aThJ Jeferred income 13 10,024 13,443 25.549 10,067 25.711 16,449 49.016 52,227 15 Crgdltors.. amounts fallSng due after morn than one year 2023 2022 Bank loans 13 17,399 27,380 15- SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 16 Relatsd party transactlons There were no di$closat4e related paty transactions duriThJ the year12022- none). 16-