2022-12-31-accounts - The Society Of Mary And Martha

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Trustees		Mrs I Garty
		Mr R Hands	(Resigned	18April 2023)
		Rev Dr LBarley
		Mr A Day
		Mr C Lee
		Miss H Hanson
		Rev FWright
		Mrs J Henretty
		Mr l Powe II	(Appointed	22 November	2022)
		Rev C Robson	(Appointed	22 November	2022)
Warden		Dr SHorsman
Charity	number	327394
Principal	address	Sheldon
		Sheldon Lane
		Doddiscombsleigh
		Exeter
		EX67YT
Auditor		Bush 8 Co Limited
		2 Barnfield Crescent
		Exeter
		EX11QT

		Page
Trustees' report		1-9
Statement oftrustees'	responsibilities	10
Independent auditor's	report	11-13
Statement offinancial	activities	14
Balance sheet		15
Statement ofcash flows		16
Notes to the financial	statements	17-33

6200,000	Working Capital. Expenditure for the running ofthe charity is projected to	Working Capital. Expenditure for the running ofthe charity is projected to	be about
	645,000 per month for the coming year so this would cover 4 —5	months.
6288,867	Endowment Fund. The Trustees established this from unrestricted	legacies	to
	support the ongoing expenses ofthe day to day ministry and provide greater financial
	security forthe future. This is felt to be a prudent response to the	level of
	responsibilities the charity now carries -the upkeep ofa working	property	valued at
	E3.7m, a community for whom Sheldon is their only home, plus a	salaried	staff team.

	The Endowment Fund is held in a separate investment account. It is essential that
	external shocks (such as a pandemic) should not have the capacity tojeopardise the
	survival ofthe charity.
E324,899	Staff Benevolent Reserve. The Trustees established this Reserve to provide forthe
	community under the Later Years Provision policy. This is the framework for making
	appropriate provision for community members who have served with significant
	vocational salary sacrifice for many years. The Trustees can make a resettlement
	grant if a member wishes to leave when they reach retirement, orthey can provide
	for appropriate care at Sheldon or locally in the event ofdeclining health.
E60,000	Contingency and Replacements Reserve. The previous Contingency (E60,000) and
	Equipment and Vehicles (E85,000) Reserves have been amalgamated into a single
	Reserve for ease ofadministration. Expenditure from these Reserves was high in
	2022 (Pound House refurbishment E85,460,thatching E32,200,vehicle replacement
	E35,972,etc), which means this Reserve needs to be rebuilt.
E132,569	Animal Barn Conversion. Allocations to this project have been made by the Trustees
	from unrestricted funds and so far E28,371has been spent on designs, planning
	application and feasibility assessment.

			Unrestricted	Restricted		Unrestricted	Restricted
			funds	funds	Total	funds	funds	Total
			2022	2022	2022	2021	2021	2021
						as restated		as restated
		Notes			E	E	6	E
Income and endowments			from:
Donations and
legacies			155,645	96,690	252,335	149,092	109,853	258,945
Charitable activities			228,181		228,181	224,317		224,317
Trading activities			34,601		34,601	14,202		14,202
Investment income
and rent			52,931		52,931	20,275		20,275
Other income			10,127		10,127	52,338		52,338
Total income			481,485	96,690	578,175	460,224	109,853	570,077
~ECh
Charitable activities			583,222	108,304	691,526	441,723	121,720	563,443
Net income before
investment (losses)/Gains			(101,737)	(11,614)	(113,351)	18,501	(11,867)	6,634
Net gains/(losses)		on
revaluations of
investments			(54,811)		(54,811)	59,628		59,628
Net (outgoing)/incoming
resources before transfers			(156,548)	(11,614)	(168,162)	78,129	(11,867)	66,262
Gross transfers
between funds			(10,384)	10,384		(11,839)	11,839
Net (expenditure)/income
for the year/
Net movement	in	funds	(166,932)	(1,230)	(168,162)	66,290	(28)	66,262
Fund balances at1January
2022			4,972,766	3,577	4,976,343	4,906,476		4,910,081
Fund balances at 31
December 2022			4,805,834	2,347	4,808,181	4,972,766	3,577	4,976,343

					2022	2021
						as restated
				Notes
Fixed assets
Intangible assets				11	5,199	18,062
Tangible assets				12	3,801,281	3,766,297
Investments				13,14	396,692	471,503
					4,203,172	4,255,862
Current assets
Stocks for resale					4,899	5,502
Debtors and	prepayments			15	44,392	51,102
Current assets investments					458,658	530,625
Cash at bank	and in	hand			199,950	223,249
					707,899	810,478
Creditors: amounts		falling due within
one year				17	(87,890)	(84,997)
Net current	assets				620,009	725,481
Total assets	less current liabilities				4,823,181	4,981,343
Creditors: amounts		falling due after
more than one year				18	(15,000)	(5,000)
Net assets					4,808,181	4,976,343
Represented	by
Restricted funds				19	2,347	3,577
General unrestricted		funds			4,516,967	4,642,944
Unrestricted	Endowment		fund		288,867	329,822
Unrestricted	funds				4,805,834	4,972,766
					4,808,181	4,976,343
The financial	statements		were approved	by the Trustees on ....%:...'.......... 2-(72-4
Trustee					Trustee

								2022		2021
							Notes	6		f
Cash flows from operating			activities
Cash (absorbed by)/generated				from			23
operations									(112,564)		45,616
Investing	activities
Purchase	oftangible fixed	assets						(55,532)
Proceeds	from disposal oftangible					fixed
assets								9,899
Net movement of investments								91,967		(53,619)
Dividends,	interest and rents							52,931		20,275
Net cash	generated from/(used				in)
investing	activities								99,265		(33,344)
Financing	activities
Repayment of loans								(10,000)
Net cash	used in financing		activities						(10,000)
Net (decrease)/increase		in cash			and cash
equivalents									(23,299)		12,272
Cash and	cash equivalents		at beginning				ofyear		223,249		210,977
Cash and	cash equivalents		at	end ofyear					199,950		223,249

	Unrestricted	Restricted		Unrestricted	Restricted
	funds	funds	Total	funds	funds	Total
	2022	2022	2022	2021	2021	2021
	E	E	E	E	E	E
Donations and gifts
Donations	129,570	10,084	139,654	120,022	12,556	132,578
Grants		85,000	85,000		95,000	95,000
Legacies	1,000		1,000	7,438		7,438
Tax refunds	25,075	1,606	26,681	21,632	2,297	23,929
	155,645	96,690	252,335	149,092	109,8S3	258,94S

		Total	Total
		2022	2021
			as restated
Programme	events	116,103	69,799
Individual	retreats	90,782	139,101
Catered groups		21,296	15,417
		228,181	224,317

		Total	Total
		2022	2021
		E	E
Fundraising	events	19,021	430
Trading income		15,580	13,772
		34,601	14,202

			2022	2021
			6	6
Rental income			35,250	5,000
Donations	from Sheldon	Ltd	4,470	4,630
Interest receivable			13,211	10,645
			52,931	20,275

			2022	2021
			6	6
Coronavirus Job Retention		Scheme		17,518
Covid-19	business support		4,000	26,729
Statutory	grants		2,171	2,592
Insurance	claim income			53
Other income			3,956	5,446
			10,127	52,338

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			Basis of	Voluntary	Fundraising	Premises	Charitable	2022
			Allocation	Income	&Trading	Costs	Activities	Total
					E	E	E	E
Community		Fund	Direct				3,510	3,510
Anglican	Clergy		Apportioned				50,000	50,000
Sheldon	Hub		Direct				34,794	34,794
			Apportioned				20,000	20,000
							108,304	108,304

				2022	2021
				6	E
Gross wages		community		52,070	47,779
		other staff		100,226	100,763
Employer's	national	insurance		4,128	5,306
Pension contributions				12,391	12,722
Council Tax	for community members			4,458	4,365
Training recruitment/miscellaneous			staff costs	3,311	5,187
				176,584	176,122

Intangible fixed assets
	Hub
Cost
At 1January 2022 and 31December 2022	201,957
Amortisation and impairment
At 1January 2022	183,894
Amortisation charged for the year	12,864
At 31December 2022	196,758
Carrying amount
At31December 2022	5,199
At 31December 2021	18,062

Tangible fixed	assets
			Freehold land	Fixtures and	computers	Tractors g	Total
			and huildlngs	fittings		Vehicles
			E
Cost
At 1January	2022		3,989,226	425,535	151,292	109,882	4,675,935
Additions			19,560			35,972	55,532
Disposals						(15,515)	(15,515)
At 31December 2022			4,008,786	425,535	151,292	130,339	4,715,952
Depreciation	and impairment
At 1January	2022		268,631	404,396	149,768	86,843	909,638
Depreciation	charged	in the year		11,135	1,524	6,335	18,994
Eliminated in	respect ofdisposals					(13,961)	(13,961)
At 31December 2022			268,631	415,531	151,292	79,217	914,671
Carrying amount
At 31December 2022			3,740,155	10,004		51,122	3,801,281
At 31December 2021			3,720,595	21,139	1,524	23,039	3,766,297

	Sheldon	Ltd
Cost or valuation
At 1January 2022 &31December 2022		100
Carrying amount
At 31December 2022		100
At31December 2021		100

Investments					(Continued)
				2022	2021
Other investments		comprise.	Notes	E	E
Investments	in subsidiaries			100	100

Investments
		General	Endowment	Total
			Fund
			E
At 1January	2022	141,581	329,822	471,403
Gains/losses	on revaluation	(13,856)	(40,955)	(54,811)
Withdrawals		(20,000)		(20,000)
At31December 2022		107,725	288,861	396,592

15	Debtors
						2022	2021
	Amounts falling due within one		year:			6	E
	Tax recoverable					13,162	19,577
	Grants and legacies	receivable				5,000	5,000
	Prepayments					25,385	24,795
	Other debtors					845	1,730
						44,392	51,102
16	Loans
						2022	2021
						E	6
	Interest free loans					15,000	25,000
	Payable within one	year					20,000
	Payable after one year					15,000	5,000
	Amounts included	above which	fall due after five years:
	Payable by instalments					5,000	5,000
17	Creditors: amounts	falling due	within one year
					2022		2021
							as restated
				Notes			6
	Interest free loans			16			20,000
	Deposits re future	bookings			3,741		6,424
	Trade creditors				59,213		18,065
	Postponed booking	credits			10,000		10,000
	Accruals				14,936		30,508
					87,890		84,997

Creditors: amounts
		2022	2021
	Notes	E	6
Other creditors	16	15,000	5,000

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Analysis ofnet assets	between funds
	Unrestricted	Restricted		Unrestricted	Restricted
	funds	funds	Total	funds	funds	Total
	2022	2022	2022	2021	2021	2021
	6	E	E	6	6	6
Fund balances at
31December 2022
are represented
by:
Intangible fixed assets	5,199		5,199	18,062		18,062
Tangible assets	3,801,281		3,801,281	3,766,297		3,766,297
Fixed asset
investments	100		100	100		100
Investments	396,592		396,592	471,403		471,403
Current
assets/(liabilities)	617,662	2,347	620,009	721,904	3,577	725,481
Long term liabilities	(15,000)		(15,000)	(5,000)		(5,000)
	4,805,834	2,347	4,808,181	4,972,766	3,577	4,976,343

Cash generated from operations	Cash generated from operations	Cash generated from operations		2022	2021
				f	f
(Deficit)/surplus for the year				(168,162)	66,262
A~At t f
Dividends, interest and rents				(52,931)	(20,275)
Gain on disposal oftangible	fixed assets			(8,346)
Loss/(gain) on investments				54,811	(59,628)
Amortisation and impairment	of intangible		assets	12,864	39,460
Depreciation and amortisation		of tangible	fixed assets	18,994	20,697
Movements in workin ca ital-
Decrease in stocks				603	2,286
Decrease in debtors				6,710	2,420
Increase in creditors				5,190	12,097
Increase/(decrease) in deferred		income		17,703	(17,703)
Cash (absorbed by)/generated		from operations		(112,564)	45,616

Analysis ofchanges	in net funds
		At 1January Zeta	Cash flows	At 11December
				1011
Cash at bank and in	hand	223,249	(23,299)	199,950
Loans falling due within one year		(20,000)	20,000
		203,249	(3,299)	199,950