## **THE ERASMUS FOUNDATION** ## TRUSTEES ANNUAL REPORT FOR THE YEAR ENDING 31[st] JANUARY 2023 ## 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 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 2023 ## **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 2023 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 2023 and of it's income for the year then ended. ………………………………………………………… ## _Pamela Featherstone_ 20/04/2023 _Date_ _Acorns Accounting Services Scotts Hall Bramfield Halesworth Suffolk IP19 9JH._ Page 3 ## **THE ERASMUS FOUNDATION** ## **FINANCIAL STATEMENT** FOR THE YEAR ENDED 31ST JANUARY 2023 **----- Start of picture text -----**
2023 2022
Note £ £
Income
Voluntary income 1 25,240 24,028
Fund raising 2 16,359 5,034
Investment income
Ruscora 226 253
Total Income 41,825 29,315
Expenditure
Direct charitable expenditure 3 30,341 22,232
Fund raising and publicity costs 4
Ruscora 4a 267 253
Governance costs 5 450 450
Depreciation 2,115
Total Expenditure 31,058 25,050
Net Income/Loss 8,846 16,775
Total funds brought forward 691,311 674,536
Balance carried forward 700,157 691,311
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Page 4 Pa¥e 4 Pa¥e 4 ## **THE ERASMUS FOUNDATION** ## **BALANCE SHEET** FOR THE YEAR ENDED 31ST JANUARY 2023 **----- Start of picture text -----**
2023 2022
Note £ £ £ £
Fixed assets
Land & buildings (Moat House) 6 950,694 950,694
Equipment 13,459 11,758
964,153 962,452
Current assets
Community bank account 2,664 1,144
Deposit account 11,029 6,027
Coop Account 1,482 1,482
Coop Deposit 3,009 3,009
Ruscora Publishing account 2,320 1,697
Cash 3,000 3,000
23,504 23,504 16,359 16,359
Current liabilities
Amounts falling due within one year 8 450
Net current assets 23,504 16,359
Long term Liabilities
Loan 9 287,500 287,500
Total assets less liabilities 10 700,157 691,311
Represented by
Restricted Fund 7 - -
Share holders Fund 700,157 691,311
Total 700,157 691,311
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These financial statements were approved and signed by the Trustees. ……….……………………………………………………… ……………………………… _R Dowek Date_ ……….……………………………………………………… ……………………………… _J Griffin Date_ Page 5 Pa¥e 5 ## **THE ERASMUS FOUNDATION** ## **NOTES TO THE ACCOUNTS** FOR THE YEAR ENDED 31ST JANUARY 2023 **----- Start of picture text -----**
2023 2022
£ £
1 Voluntary income
Donations 16,034 13,618
Healer subscriptions 20 70
Refunds 2,459 1,121
Funds & Contributions 6,727 9,219
25,240 24,028
2 Fund-raising and publicity income
Meetings/tapes 4,368 4,593
Rent 9,400
News Letter 54
Sundry income 949 134
Ruscora 226 253
Gift Aid 1,416
16,359 5,034
3 Direct charitable expenditure
Rates 2,842 2,768
Insurance 2,010 1,931
Electricity 6,907 5,626
Heating 3,956 3,259
Repairs Renewals and maintenance 9,235 2,167
Stationery 147 89
Postage 102 165
Telephone 405 350
Vet and animal sanctuary coasts 341 2,511
Peace gardens 827 1,567
Household and cleaning 1,814 1,086
Catering 958 21
Donations to other charities 120 120
Water 48 47
Ruscora 267 239
Sundry 64 46
Awards & Subscriptions& Training 298 240
30,341 22,232
4 Fund-raising and publicity costs
Publicity and marketing 50
4a Ruscora Publishing
Sales 226 253
Printing & Postage 267 239
Profit/Loss - 41 14
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Page 6 ## **THE ERASMUS FOUNDATION** ## **NOTES TO THE ACCOUNTS** FOR THE YEAR ENDED 31ST JANUARY 2023 |**5**
Professional fees
Accountancy
**6**
**Cost**
7
**Restricted Fund**
**8**
**Creditors & Accruals**
Independent examiner's fee
Meditation Project
**9**
**Long term liabilities**
Loan from H Griffin
**10 Increase in assets**
Equipment and New Meeting Rooms
Current Liabilities
Current Assets
**Governance costs**
Solicitors
**Tangible fixed assets**
At 1 February 2022
**At 31 January 2023**
**Depreciation**
Charge for the year
**Net book value**
**At 31 January 2023**|**2023**
**£**
-
450
450
**Land &**
**Buildings**
**£**
950,694
950,694
-
-
-
-
950,694
**2023**
**£**
-
287,500
287,500
0|**Equipment**
**£**
11,758
11,758
13,459|**2022**
**£**
450
450
**Total**
**£**
962,452
-
962,452
-
964,153
**2022**
**£**
287,500
287,500| |---|---|---|---| **10 Increase in assets** Equipment and New Meeting Rooms Current Liabilities Current Assets Page 7