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





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||||Y|ear Ended|31Decem|ber 2023.||||
|---|---|---|---|---|---|---|---|---|---|
||||Notes|Unrestricted<br>Funds<br>E<br>Ag|Restricted<br>Funds<br>E<br>Ag|Total<br>2021<br>6|Ag<br>Unrestricted<br>Funtls<br>E|Ag<br>Restricted<br>Funds<br>E|Tota I<br>2020<br>E|
|INCOlllRNG<br>RESOURCES||||||||||
|Donations and legacies<br>Trading activities<br>Trading income<br>Fundra ising events<br>Investments<br>Bank interest<br>Donation from Sheldon<br>Rent<br>Charitable<br>Activities|Ltd|||149,092<br>13,772<br>430<br>10,645<br>4,630<br>5,000|109,853|258,945<br>13,772<br>430<br>10,645<br>4,630<br>5,000|159,265<br>11,296<br>5,563<br>14,125<br>11,300|104,075|263,340<br>11,296<br>5,563<br>14,125<br>11,300|
|Contributions<br>from guests<br>Other Income<br>Covid grants and furlough||||206,614<br>8,091<br>44,247||206,614<br>8,091<br>44,247|162,039<br>23,122<br>60,999||162,039<br>23,122<br>60,999|
|TOTAL INCOME||||442,521|109,853|552,374|447,709|104,075|551,784|
|RESOURCES EXPENDED||||||||||
|Raising funds||||||||||
|Costs ofgenerating<br>voluntary||||||||||
|income<br>Fundraising<br>events &trading:<br>costs ofgoods and other costs<br>Premises Costs||||36,384<br>15,731<br>39,352||36,384<br>15,731<br>39,352|36,212<br>16,574<br>34,195||36,212<br>16,574<br>34,195|
|Chadtable<br>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<br>before<br>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<br>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|





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||||||Notes|2021|2020|
|---|---|---|---|---|---|---|---|
|CASH FLOWS|FROM OPERATING ACTIVITIES|||||E|E|
|Net cash provided<br>by (used in)||operating<br>activities||||45,615|28,960|
|CASH FLOWS|FROM INVESTING ACTIVITIES|||||||
|Dividends,<br>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<br>by (used) in||investing<br>activities||||(33,344)|(52,782)|
|CASH FLOWS FROM FINANCING||ACTIVITIES||||||
|Repayment<br>of|borrowing|||||||
||||||||(9,500)|
|Net cash provided<br>by (used in) financing activities||||||||
||||||||(9,500)|
|Change<br>in cash|and cash equivalents<br>in the reporting||period|||12,271|(33,322)|
|Cash and cash|equivalents<br>at the beginning ofthe reporting|||period||210,977|244,299|
|Total cash and|cash equivalents|at the year end||||223,248|210,977|





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





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



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



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|Covid-19 g|rants and fu|rlough|||
|---|---|---|---|---|
||||2021|2020|
||||f|f|
|Covid-19 business support<br>Coronavirus<br>Job Retention||Scheme|26,729<br>17,518|27,000<br>33,999|
||||44,247|60,999|





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



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|payae o uto<br>)Tangible Fixed Asset|r||9,220|10,539||
|---|---|---|---|---|---|
|COST|Freehold<br>I.and<br>&Buildings<br>E|F&xtures,<br>Fittings &<br>Equipment|Computers<br>E|Tractors<br>encl<br>Motor<br>Vehicles<br>E|Tota I|
|At 1January 2021<br>Additions|3,989,226|425,535|151,292|109,882|4,675,935|
|At 31December<br>2021|3,989,226|425,535|151,292|109,882|4,675,935|
|DEPRECIATION/IMPAIRMENT||||||
|At 1January 2021<br>Charge for Year|268,631|391,031<br>13,365|147,716<br>2,052|81,563<br>5,280|888,941<br>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|






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





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



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



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





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|.<br>Movement<br>in|Reserves||||||
|---|---|---|---|---|---|---|
|Current Year|8/forward||||||
|General<br>Fund<br>Endowment|Reserves<br>E<br>4,615,909<br>290,567|Income<br>E<br>442,521|Expenditure<br>E<br>(441,723)|Gains<br>E<br>20,373<br>39,255|Transfers<br>E<br>(11,839)|C/forward<br>Reserves<br>E<br>4,625,241<br>329,822|
||4,906,476|442,521|(441,723)|59,628|(11,839)|4,955,063|
|Anglican<br>Clergy<br>Sheldon<br>Hub<br>Community<br>Fund|3,605|50,000<br>56,371<br>3,482|(SO,OOO)<br>(68,210)<br>(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<br>Fund<br>Endowment|Reserves<br>E<br>4,618,046<br>273,288|Income<br>E<br>447,709|Expenditure<br>E<br>(420,749)|Gains<br>E<br>10,816<br>17,279|Transfers<br>E<br>(39,913)|C/forward<br>Reserves<br>E<br>4,615,909<br>290,567|
||4,891,334|447,709|(420,749)|28,D95|(39,913)|4,906,476|
|Anglican<br>Clergy<br>SheldOn<br>Hub<br>Community<br>Fund<br>Project CDM<br>Building projects|3,510<br>(48,710)|50,000<br>45,345<br>3,605<br>5,125|(50,000)<br>(57,163)<br>(3,510)<br>15,490||11,818<br>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|





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||There were no other off-bala|nce sheet commitments|nce sheet commitments||||
|---|---|---|---|---|---|---|
|17.|Analysis ofAssets and<br>Current year|Liabilities between<br>Unrestricted<br>reserves<br>E||Funds<br>Endowment<br>E|Restricted<br>reserves<br>E|2021<br>Total<br>E|
||FIXED ASSETS<br>Tangible assets<br>intangible<br>assets<br>investments||3,766,297<br>18,062<br>141,681|329,822||3,766,297<br>18,062<br>471,503|
||||3,926,040|329,822||4,255,862|
||CURRENT ASSETS<br>Stock<br>Debtors and prepayments<br>Current asset investment<br>Cash at bank and in hand||5,502<br>51,102<br>530,625<br>219,671||3,577|5,502<br>51,102<br>530,625<br>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<br>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|





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|Previous Year|||||
|---|---|---|---|---|
||Unrestricted||||
|FIXED A5SETS|reserves<br>f|Endowment<br>f|Restricted<br>reserves|2020<br>Total<br>f|
|Tangible assets<br>Intangible<br>assets<br>Investments|3,786,994<br>57,522<br>121,308|290,567||3,786,994<br>57,522<br>411,875|
||3,965,824|290,567||4,256,391|
|CURRENT ASSETS|||||
|Stock|||||
|Debtors and prepayments<br>Current asset investment<br>Cash at bank and in hand|7,788<br>53,522<br>477,006<br>207,372||3,605|7,788<br>53,522<br>477,006<br>210,977|
|Creditors due within one year|745,688<br>(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<br>due after one year|(20,000)||||
|||||(20,000)|
||4,615,909|290,567|3,605|4,910,081|