THE ERASMUS FOUNDATION
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDING 31[st] JANUARY 2022
ACORNS ACCOUNTING SERVICES
SCOTTS HALL BRAMFIELD HALESWORTH SUFFOLK IP19 9JH
THE ERASMUS FOUNDATION
| CONTENTS | PAGES |
|---|---|
| Company information | 1 |
| The Trustees report | 2 |
| Accountants’ report | 3 |
| Financial Statement | 4 |
| Balance Sheet | 5 |
| Notes to the accounts | 6 to 7 |
THE ERASMUS FOUNDATION
CHARITY INFORMATION
| Charity Registration Number | 281458 | |
|---|---|---|
| Trustees | Mr R Dowek (Chairman) | |
| Mrs J Griffin (Administrator) | ||
| Mr Hedley Griffin | ||
| Ms Marie-France Boyer | ||
| Mr Patrick Meehan | ||
| Mr Paul Nugent | ||
| Address of Charity | Moat House | |
| Banyards Green | ||
| Laxfield | ||
| Suffolk | ||
| IP13 8ER | ||
| Bankers | Barclays Bank Plc | Co-operative Bank |
| Princes Street | Po Box 101 | |
| Ipswich | 1 Baloon Street | |
| Suffolk | Manchester | |
| Accountants | Mrs Pamela Featherstone | |
| Acorn Accounting Services | ||
| Scotts Hall | ||
| Bramfield | ||
| Halesworth | ||
| Suffolk | ||
| IP19 9JH |
Page 1
THE TRUSTEES REPORT
FOR THE YEAR ENDING
31st JANUARY 2022
THE ERASMUS FOUNDATION
History, objectives and activities of the Trust
The objectives of the charity are:
To relieve sickness by the practice of the art of spiritual healing To provide succour to any person who should seek refuge in times of need and distress To provide care and accomodation for stray animals
To offer education to the public in the subject of spiritual teaching
Management and governance arrangements
The Erasmus Foundation was first registered in 1981 and is governed by it's Constitution and Rules which were ado 2007 and was registered with the Charity Commission (registered number 281458) in November 2007.
Recruitment and appointment of Trustees
The charity aims to recruit trustees with a wide range of business and sector experience from which the charity will benefit.
The current trustees are shown on page 1.
Trustee induction and training
New trustees are provided with copies of:
The Constitution
The latest accounts of the charity
Charity Commission guidance notes CC3 "The Essential Trustee"
In addition Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
Risk management
The Trustees have identified the major risks to which the charity is exposed and have established systems to mitigate those risks.
Organisational structure
The Trustees meet every month.
Financial review
The Trustees consider the year end financial position to be satisfactory and confirm that the Foundation can meet all known obligations.
By order of the Trustees
………..………………………………………………. …………...………………
R Dowek (Chairman) Date
Page 2
THE ERASMUS FOUNDATION
ACCOUNTANTS’ REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31ST JANUARY 2022
In accordance with your instructions we have compiled these unaudited accounts in order to assist you to fulfill your statutory responsibilities, from the accounting records, information and explanations supplied to us. I believe them to be a true and fair record of the charities affairs as at 31st January 2022 and of it's income for the year then ended.
…………………………………………………………
Pamela Featherstone
20/04/2022
Date
Acorns Accounting Services Scotts Hall Bramfield Halesworth Suffolk IP19 9JH.
Page 3
THE ERASMUS FOUNDATION
FINANCIAL STATEMENT
FOR THE YEAR ENDED
31ST JANUARY 2022
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2022 2021
Note £ £
Income
Voluntary income 1 24,028 14,501
Fund raising 2 5,034 3,930
Investment income 8
Ruscora 253 164
Total Income 29,315 18,603
Expenditure
Direct charitable expenditure 3 22,232 21,045
Fund raising and publicity costs 4
Ruscora 4a 253 629
Governance costs 5 450 450
Depreciation 2,115 2,352
Total Expenditure 25,050 24,476
Net Income/Loss 4,265 - 5,873
Total funds brought forward 684,481 690,354
Balance carried forward 688,746 684,481
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Page 4
THE ERASMUS FOUNDATION
BALANCE SHEET
FOR THE YEAR ENDED 31ST JANUARY 2022
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2022 2021
Note £ £ £ £
Fixed assets
Land & buildings (Moat House) 6 950,694 950,694
Equipment 9,643 10,809
960,337 961,503
Current assets
Community bank account 1,144 1,168
Deposit account 6,027 1,834
Coop Account 1,482 230
Coop Deposit 3,009 3,008
Ruscora Publishing account 1,697 1,688
Cash 3,000 3,000
16,359 16,359 10,928 10,928
Current liabilities
Amounts falling due within one year 8 450 450
Net current assets 15,909 10,478
Long term Liabilities
Loan 9 287,500 287,500
Total assets less liabilities 10 688,746 684,481
Represented by
Restricted Fund 7 - -
Share holders Fund 688,746 684,481
Total 688,746 684,481
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These financial statements were approved and signed by the Trustees.
……….……………………………………………………… ………………………………
R Dowek Date ……….……………………………………………………… ……………………………… J Griffin Date
Page 5
THE ERASMUS FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED
31ST JANUARY 2022
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2022 2021
£ £
1 Voluntary income
Donations 13,618 9,651
Healer subscriptions 70 50
Refunds 1,121
Funds & Contributions 9,219 4,800
Big Lottery Grant
24,028 14,501
2 Fund-raising and publicity income
Meetings/tapes 4,593 3,802
Fund Raising
News Letter 54
Sundry income 134 128
Ruscora 253 164
Interest 8
5,034 4,102
3 Direct charitable expenditure
Rates 2,768 2,664
Insurance 1,931 1,777
Electricity 5,626 4,984
Heating 3,259 1,849
Repairs Renewals and maintenance 2,167 3,993
Stationery 89 137
Postage 165 40
Telephone 350 339
Vet and animal sanctuary coasts 2,511 1,846
Peace gardens 1,567 1,515
Household and cleaning 1,086 912
Catering 21 287
Donations to other charities 120 120
New Meeting Room
Water 47 46
Ruscora 239 629
Healing Clinic 197
Sundry 46 144
Awards & Subscriptions& Training 240 125
22,232 21,604
4 Fund-raising and publicity costs
Publicity and marketing
4a Ruscora Publishing
Sales 253 164
Printing & Postage 239 629
Profit/Loss 14 - 465
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Page 6
THE ERASMUS FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED
31ST JANUARY 2021
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2022 2021
£ £
5 Governance costs
Solicitors -
Professional fees
Accountancy 450 450
450 450
Land &
6 Tangible fixed assets Equipment Total
Buildings
£ £ £
Cost
At 1 February 2021 950,694 10,809 960,211
Additions New Meeting Rooms 949 949
-
At 31 January 2021 950,694 11,758 963,855
Depreciation
-
-
Charge for the year 2,115 2,115
-
Net book value
- -
At 31 January 2022 950,694 9,643 960,337
2022 2021
£ £
7 Restricted Fund
8 Creditors & Accruals
Independent examiner's fee 450 450
Meditation Project
450 450
9 Long term liabilities
Loan from H Griffin 287,500 287,500
287,500 287,500
10 Increase in assets
Equipment and New Meeting Rooms 3644
Current Liabilities
Current Assets
0 3644
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Page 7