2021-12-31-accounts - The Society Of Mary And Martha

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Administrative	Information	Page 1
Trustees' Report		2- 12
Independent	Auditors' Report	13-14
Statement of	FinancialActivities	15
Balance Sheet		16
Cash Flow		17-18
Notes on the FinancialStatements		19-31

			Y	ear Ended	31Decem	ber 2023.
			Notes	Unrestricted Funds E Ag	Restricted Funds E Ag	Total 2021 6	Ag Unrestricted Funtls E	Ag Restricted Funds E	Tota I 2020 E
INCOlllRNG RESOURCES
Donations and legacies Trading activities Trading income Fundra ising events Investments Bank interest Donation from Sheldon Rent Charitable Activities	Ltd			149,092 13,772 430 10,645 4,630 5,000	109,853	258,945 13,772 430 10,645 4,630 5,000	159,265 11,296 5,563 14,125 11,300	104,075	263,340 11,296 5,563 14,125 11,300
Contributions from guests Other Income Covid grants and furlough				206,614 8,091 44,247		206,614 8,091 44,247	162,039 23,122 60,999		162,039 23,122 60,999
TOTAL INCOME				442,521	109,853	552,374	447,709	104,075	551,784
RESOURCES EXPENDED
Raising funds
Costs ofgenerating voluntary
income Fundraising events &trading: costs ofgoods and other costs Premises Costs				36,384 15,731 39,352		36,384 15,731 39,352	36,212 16,574 34,195		36,212 16,574 34,195
Chadtable Activities				350,256	121,720	471,976	333,768	95,183	428,951
TOTAL EXPENDITURE				441,723	121,720	563,443	420,749	95,183	515,932
Net Income before Investment
(Losses)/Gains				798	(11,867)	(11,069)	26,960	8,892	35,852
Net Gains/(Losses)
on Investments				59,628		59,628	28,095		28,095
NET INCOME				60,426	(11,867)	48,559	55,055	8,892	63,947
Transfers between funds		15		(11,839)	11,839		(39,913)	39,913
Net movement in funds				48,587	(28)	48,559	15,142	48,805	63,947
Reserves brought forward				4,906,476	3,605	4,910,081	4,891,334	(45,200)	4,846,134
Reserves carried forward				4,955,063	3,577	4,958,640	4,906,476	3,605	4,910,081

					2021	2020
CASH FLOWS	FROM OPERATING ACTIVITIES				E	E
Net cash provided by (used in)		operating activities			45,615	28,960
CASH FLOWS	FROM INVESTING ACTIVITIES
Dividends, interest and rents
Purchase offixed assets					20,275	25,425
Net movement	on current asset investments					(31,585)
					(53,619)	(46,622)
Net cash provided by (used) in		investing activities			(33,344)	(52,782)
CASH FLOWS FROM FINANCING		ACTIVITIES
Repayment of	borrowing
						(9,500)
Net cash provided by (used in) financing activities
						(9,500)
Change in cash	and cash equivalents in the reporting		period		12,271	(33,322)
Cash and cash	equivalents at the beginning ofthe reporting			period	210,977	244,299
Total cash and	cash equivalents	at the year end			223,248	210,977

				2021	2020
				E	E
	RECONCILIATION OF NET INCOME/EXPENDITURE		TO NET CASH FLOW
	FROIVI OPERATIVING ACTIVITIES
	Net income for the reporting period (as per the Statement of Financial Activities)			48,559	63,947
	Adjustments for. Depreciation and amortisation Dividends, interest and rents Gain on investments			60,157 (20,275) (59,628)	68,864 (25,425) (28,095)
	Loss on sale offixed assets (Increase)/decrease in stock (Increase)/decrease in debtors (Increase)/decrease in creditors			2,286 2,420 12,096	1,591 (13,848) (38,074)
	Net cash provided by (used in) operating	activities		45,615	28,960
2.	ANAYLSIS OF CASH AND CASH EQUIVALENTS			301	1,030
	Cash in hand Notice deposits (less than 3 months)			222,947	209,947
				223,248	210,977

		2021			2020
Grants Legacies Tax refunds Donations		8,157 7,438 21,632 Unrestricted f 111,865	Restricted 57,556 50,000 2,297	Total 169,421 58,157 7,438 23,929	Unrestdcted f 126,654 6,236 26,375 Restricted f 12,687 89,000 2,388	Total f 139,341 95,236 28,763
		149,092	109,853	258,945	159,265 104,075	263,340
Contributions	from	Guests
				2021	2020
Programme Events Individual Retreats Catered groups				f 69,799 121,398 15,417	f 62,006 91,617 8,416
				206,614	162,039

OtherIncoming Resources
	2021 f	2020f
Statutory grants Otherlncome Insurance claim income	2,592 5,446 53	2,751 8,146 12,225
	8,091	23,122

Covid-19 g	rlough
		2021	2020
		f	f
Covid-19 business support Coronavirus Job Retention	Scheme	26,729 17,518	27,000 33,999
		44,247	60,999

e rec evelopment of corrtent, research and publicity. The ap maintaining the Sheldon Hub service.	e rec evelopment of corrtent, research and publicity. The ap maintaining the Sheldon Hub service.	port	ioned costs	relate to staff time alloc	ated to
Fundraising &Trading f voluntary Income f Basis of Agomtion Community Fund Anglican Clergy Sheldon Hub Direct Apportioned Direct Apportioned			premises Costsf	Charitable Acthlltlus E 3,510 50,000 48,210 ZO,000 2021 Totalf 3,510 50,000 48,210 20,000	2020 Total E 3,510 50,000 37,163 20,000 (15,490)
Direct Project CD M
				121,720 121,720	95,183
Employees' Remuneration Included in the resources expended by the Society are costs of providing accommodation and food for the resident members of the community and those living and working alongside the community, Of the 6 members of the community, 4were paid an allowance and 2 were self-supporting. The average number of full time and part time employees, during the year, including residents, was 22 (2020: 26). The total
remuneration excluding food and accommodation	costs	was:
			2021	2020
			f	f
Grass wages community other staff Employer's national insurance Pension contributions Statutory redundancy Council Tax for community members Training recruitment/miscellaneous staff costs			47,779 100,763 5,306 12,722 4,365 5,187	66,477 115,005 2,171 10,267 3,935 7,077 5,323
			176,122	210,255

payae o uto )Tangible Fixed Asset	r		9,220	10,539
COST	Freehold I.and &Buildings E	F&xtures, Fittings & Equipment	Computers E	Tractors encl Motor Vehicles E	Tota I
At 1January 2021 Additions	3,989,226	425,535	151,292	109,882	4,675,935
At 31December 2021	3,989,226	425,535	151,292	109,882	4,675,935
DEPRECIATION/IMPAIRMENT
At 1January 2021 Charge for Year	268,631	391,031 13,365	147,716 2,052	81,563 5,280	888,941 20,697
At 31December 2021	268,631	404,396	149,768	86,843	909,638
NET BOOK VALUE
At 31December Z021	3,720,595	21,139	1,524	23,039	3,766,297
NET BOOK VALUE
At31December Z020	3,720,595	34,504	3,576	28,319	3,786,994

Fixed A	t Investment	s
				Gains/Losses
		B/forward f	Additionsf	on revaluation f	C/forwardf
Endowment General Sheldon Ltd	Fund	290,567 121,208 100		39,255 20,373	329,822 141,581 100
		411,875		59,628	471,503

an liabilities	an liabilities	ofthe subsidiary Sheldon Ltd at31Decem	ber 2021were:
Current Assets			f
Less: Creditors: Amounts		falling due within one year	9,755 6,103
Total Net	Assets
			3,652
Aggregate	share capital	and reserves
			3,652

Creditorsand Accruais
	2021 f	2020 f
Trade creditors Taxation and social security Deposits re future bookings Accruals Cancelled booking credits Interest free loans due in less than one year	18,065 24,128 30,506 10,000 20,000	6,570 3,541 3,901 38,888 17,703 5,000
	102,699	75,603

The lo	ans are interest f	ree and repayable as fo	lows:
			2021 f	2020 f
After	1year and within	5years	5,000	15,000 5,000
After	5years
			5,000	20,000

. Movement in	Reserves
Current Year	8/forward
General Fund Endowment	Reserves E 4,615,909 290,567	Income E 442,521	Expenditure E (441,723)	Gains E 20,373 39,255	Transfers E (11,839)	C/forward Reserves E 4,625,241 329,822
	4,906,476	442,521	(441,723)	59,628	(11,839)	4,955,063
Anglican Clergy Sheldon Hub Community Fund	3,605	50,000 56,371 3,482	(SO,OOO) (68,210) (3,510)		11,839	3,577
	3,605	109,853	(121,720)		11,839	3,577
	4,910,081	552,374	(563,443)	59,628		4,958,640
Previous Veer	8/forward
General Fund Endowment	Reserves E 4,618,046 273,288	Income E 447,709	Expenditure E (420,749)	Gains E 10,816 17,279	Transfers E (39,913)	C/forward Reserves E 4,615,909 290,567
	4,891,334	447,709	(420,749)	28,D95	(39,913)	4,906,476
Anglican Clergy SheldOn Hub Community Fund Project CDM Building projects	3,510 (48,710)	50,000 45,345 3,605 5,125	(50,000) (57,163) (3,510) 15,490		11,818 28,095	3,605
	(45,200)	104,075	(95,183)		39,913	3,605
	4,846,134	551,784	(515,932)	28,095		4,910,081

	There were no other off-bala	nce sheet commitments	nce sheet commitments
17.	Analysis ofAssets and Current year	Liabilities between Unrestricted reserves E		Funds Endowment E	Restricted reserves E	2021 Total E
	FIXED ASSETS Tangible assets intangible assets investments		3,766,297 18,062 141,681	329,822		3,766,297 18,062 471,503
			3,926,040	329,822		4,255,862
	CURRENT ASSETS Stock Debtors and prepayments Current asset investment Cash at bank and in hand		5,502 51,102 530,625 219,671		3,577	5,502 51,102 530,625 223,248
			806,900		3,577	810,477
	Creditors due within one year		(102,699)			(102„699)
	NET CURRENT ASSETS		704,201		3,577	707,778
	TOTAL ASSETSLESSCURRENT LIABILITIES		4,630,241	329,822	3,577	4,963,640
	Creditors due after one year		(5,000)			(5,000)
			4,625,241	329,822	3,577	4,958,640

Previous Year
	Unrestricted
FIXED A5SETS	reserves f	Endowment f	Restricted reserves	2020 Total f
Tangible assets Intangible assets Investments	3,786,994 57,522 121,308	290,567		3,786,994 57,522 411,875
	3,965,824	290,567		4,256,391
CURRENT ASSETS
Stock
Debtors and prepayments Current asset investment Cash at bank and in hand	7,788 53,522 477,006 207,372		3,605	7,788 53,522 477,006 210,977
Creditors due within one year	745,688 (75,603)		3,605	749,293
				(75,603)
NET CURRENT ASSETS	670,085
				673,690
TOTAL ASSETS LESSCURRENT
LIABILITIES	4,635,909	290,567	3,605	4,930,081
Creditors due after one year	(20,000)
				(20,000)
	4,615,909	290,567	3,605	4,910,081