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2024-01-31-accounts

Open Pathway Retreat Centre

Charity No. 800412

Company No. 02294320

Trustees' Report and Unaudited Accounts

31 January 2024

Open Pathway Retreat Centre Contents

Pages
Trustees' Annual Report 2 to 6
Independent Examiners Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 18
Detailed Statement of Financial Activities 19 to 21

Page 1

Open Pathway Retreat Centre Trustees Annual Report

Trading as - Open Pathway Retreat Centre & Training College

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 January 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 02294320

Charity No. 800412

Principal Office

Laurel Lane Queen Camel Yeovil Somerset BA22 7NU

Registered Office

Laurel Lane Queen Camel Yeovil Somerset BA22 7NU

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

S. Althorpe (Resigned 6 October 2024) C. Barnes (Resigned 31 December 2023) P.S. Beard (Resigned 11 March 2023) M.A. Chappell (Resigned 14 February 2023) H. Cookson (Resigned 18 November 2023) C. Douglas D. Hallett (Resigned 19 February 2023) K. Marson (Resigned 26 May 2023) M. Simmons (Resigned 31 December 2023) J. Twigg (Resigned 15 August 2023) D. Urch

Company Secretary

D.F. Casley

Page 2

Open Pathway Retreat Centre Trustees Annual Report

Accountants

Charltons Accountancy Limited The Offices Middle Farm Charlton Horethorne Sherborne DT9 4NL

Bankers

Lloyds Bank Plc 9 High Street Yeovil BA20 1RN

Independant Examiner

Debbie Risborough (FCCA) Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document is ' the advancement of public health'. The trustees define this as being able to serve the public good by promoting the study and practice of the art and science of meditation and natural healing.

The main activities undertaken in relation to those purposes are as follows:

  1. Kriya Meditation & Peace Meditation - By learning meditation techniques & practices individuals benefit from physical, emotional, mental & spiritual wellbeing. This wellbeing helps them in their interaction with others, making that interaction a positive one. Therefore not only those practising meditation benefit but, like ripples in a pool that benefit spreads out to society in general.

  2. Natural Energy Therapy/ Progressive Counselling/ Transformation Hatha Yoga and other therapies and self-help courses - These also help people to transform and empower their lives in a very positive sense, once again positively affecting society in general.

  3. Retreats - By spending from a hour to a day to a week or more, to reflect & unwind within the Charity's environs, including its gardens and therapy pool, to imbibe in the peaceful surroundings of the Centre, people leave refreshed, relaxed and inspired.

  4. Bursaries - A direct financial help to those with limited income to benefit from the facilities and courses the Charity has to offer.

Page 3

Open Pathway Retreat Centre Trustees Annual Report

There are various volunteer contributions including: Regular volunteers which vary but generally consist of 1 person on reception and 1 or 2 general helpers. Occasional volunteers may vary as these are used for specific projects, e.g. maintenance. There may also be 1 or 2 temporary community members.

ACHIEVEMENTS AND PERFORMANCE

The charity continues to streamline existing operations so that practical aspects are more time, energy and labour efficient, whilst also being more accurate and complete. The process of further training of paid and volunteer staff continues each year, so that senior members can act in a more supervisory role and use their time more creatively and expansively and focus more on the in depth spiritual work. There is still more demand for this work. The charity is committed to training, both within the Centre and for the many who wish to take this ethos into their own lives. Empowering others in all ways is central to the charity's objectives. As a professional training school, the charity continues to train Natural Energy Therapists, Intuitive Guidance Coaches and Yoga teachers. The teacher training programme also includes Peace Meditation, Holistic Energy Care, Animal Energy Therapy and specialist Hatha Yoga certificate courses. The Centre's Course Programme continues to reflect new courses.

The Centre's membership role for Natural Energy Therapists, Intuitive Guidance Coaches/Progressive Counsellors and Yoga teachers under the title of Open Pathway Associates continues to bring more and more important work with it. Not only do Associates receive support (practical, spiritual and by receiving updates and new information important to their prospective roles) access to a referral list and insurance as benefits of membership, they also benefit from the work the Centre members do at exhibitions and with regulatory and advisory bodies. Associates have no 'voting' rights in the running of the Centre. The Centre's clinic continues to serve patients for both Natural Energy Therapy and Intuitive Guidance. As a Retreat Centre, the Centre continues to accommodate people in need.

FINANCIAL REVIEW

The trustees consider the financial performance by the charity during the year to have been satisfactory . The level of funding during the year was adequate to support both the continuation of the charity's work and its financial commitments at the time, but was not sustainable long term. The Trustees are hopeful that as restrictions continue to ease and the country gets to a post pandemic phase, funding will increase again.

Due to the current situation in the financial markets the Charity's investment policy is one of flexibility and funds continue to be held in a number of accounts to reduce risk. The Charity feels it is important that investments should be as risk free as possible.

The principal funding source for the Charity is accommodation (including Self Catering and Personal Retreats) and course fees. Fees for Natural Energy Therapy, Intuitive Guidance/Coaching and use of Therapy Pool also contribute. Donations are encouraged, particularly by regular direct debit, which helps to fund Bursaries for those in need. Large donations require the person donating to seek legal advice first.

Page 4

Open Pathway Retreat Centre Trustees Annual Report

It is the policy of this charity to hold 3 months running costs in reserve to cover unforeseen emergencies. The level of reserves currently required is £45,000, to be reviewed quarterly at trustee meetings. Reserves held at the year-end were £60,874 in the Charity's main bank accounts. This policy was reviewed in August 2023 and remains the same.

Claims made against the charity remain outstanding as at the year end. Negotiations are ongoing between Trustees, claimants and the charity commission with the trustees making use of legal support to resolve these. As noted in the prior year accounts 1 claim has been settled in this financial year at a value of £145,000 and this is shown as employee costs in the accounts. A further 2 claims were settled after the year end at a value of £495,000. This will conclude all outstanding claims against the charity,

PLANS FOR FUTURE PERIODS

The Centre will continue to adapt to meet the changing needs of those it serves. The focus will always be on teaching Meditation. Although the Centre is going through a period of contraction in some avenues, and this may continue for some time within the economic climate. The Trustees feel confident that the teacher training programme will expand again, and that more outreach work can be done which will, in turn, provide even more demand for Meditation. The Charity will continue to train and support those who wish to take this way of living into their own lives. The Charity's involvement in accrediting organisations to help to set standards is continuing and the Charity will continue to meet and aim to exceed the standards of all accrediting organisations to which it belongs or seeks to belong.

The Charity will continue to streamline and refine its procedures and delegate the practical aspects where appropriate so that those members with specialist training can focus more on expanding the spiritual work to meet the ever growing demand.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is constituted as a company limited by guarantee registered under the Companies Act incorporated on 8 September 1988 and registered as a charity on 1 February 1989 (Change of names took place on 13 March 1999, 22 December 2018 and to current on 22 March 2022) It is governed by its Memorandum and Articles of Association. In the event of the company being wound up, directors are required to contribute an amount not exceeding £1.

The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by Charity Law. By operation of law, all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The trustees are all individuals.

All directors of the company are also trustees of the charity, and there are no other trustees. The board has the power to appoint additional trustees as it considers fit. As positions become available, or as the board sees fit, it seeks to appoint trustees with an understanding of the nature, depth and scope of the work of the charity and those who can bring to its management their own particular skills, experience and outlook to encourage continual expansion of thought and direction.

Page 5

Open Pathway Retreat Centre Trustees Annual Report

New trustees would normally already be familiar with the work of the charity. Through copies of past minutes, they gain a deeper understanding of the background work involved in the management and day to day running of the charity, further insight being given by our Trustee/Company Secretary who is part of the Senior Management Team. As the work of the Charity expands and new systems come into operation, all trustees are kept informed by relevant departmental reports at the quarterly meeting.

Trustees are encouraged to spend time at the Centre to view and experience at first hand any changes taking place and to become familiar with key members of staff.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

D. Urch Trustee 27 November 2024

Page 6

Open Pathway Retreat Centre Independent Examiners Report

Independent Examiner's Report to the trustees of Open Pathway Retreat Centre

I report to the charity trustees on my examination of the financial statements of Open Pathway Retreat Centre for the year ended 31 January 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Debbie Risborough (FCCA) Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth TR15 1LS 27 November 2024

Page 7

Open Pathway Retreat Centre Statement of Financial Activities

for the year ended 31 January 2024

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Other
8
Total
Expenditure on:
Charitable activities
9
Other
10
Total
Net gains on investments
Net expenditure
11
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
4,766
84,006
712
144
21,919		 Restricted
funds
2024
£
195
-
-
-
-		 Total funds
2024
£
4,961
84,006
712
144
21,919		 Total funds
2023
£
7,472
64,430
1,343
77
36,296
111,547
18,481
352,504		 195
-
195		 111,742
18,481
352,699		 109,618
18,526
184,986
370,985
-		 195
-		 371,180
-		 203,512
53,208
(259,438)
-		 -
-		 (259,438)
-		 (40,686)
-
(259,438) - (259,438) (40,686)
(259,438)
1,586,634		 -
-		 (259,438)
1,586,634		 (40,686)
1,627,320
1,327,196 - 1,327,196 1,586,634

Page 8

Open Pathway Retreat Centre Balance Sheet

at 31 January 2024

Company No.
02294320
Notes
2024
£
Fixed assets
Tangible assets
13
1,308,820
1,308,820
Current assets
Stocks
14
1,222
Debtors
15
1,197
Cash at bank and in hand
61,488
63,907
Creditors:Amount falling due within one year
16
(30,053)
Net current assets
33,854
Total assets less current liabilities
1,342,674
Creditors:Amounts falling due after more than one year
17
(15,478)
Net assets excluding pension asset or liability
1,327,196
Total net assets
1,327,196
The funds of the charity
Restricted funds
18
Unrestricted funds
18
General funds
1,327,196
1,327,196
Reserves
18
Total funds
1,327,196		 2023
£
1,309,960
1,309,960
450
-
329,095
329,545
(25,784)
303,761
1,613,721
(27,087)
1,586,634
1,586,634
1,586,634
1,586,634
1,586,634

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 27 November 2024

And signed on its behalf by:

D. Urch Trustee

27 November 2024

Page 9

Open Pathway Retreat Centre Notes to the Accounts

for the year ended 31 January 2024

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 10

Open Pathway Retreat Centre Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 0.5% Straight line Plant and machinery 25% Reducing balance Motor vehicles 25% Reducing balance

The Charity has a general policy of capitalisation for fixed assets if the value of the individual asset purchased exceeds £300. In rare circumstances the Charity may consider an item of value under £300 should be capitalised due to its nature.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 11

Open Pathway Retreat Centre Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 12

Open Pathway Retreat Centre Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net gains on investments
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Donations and legacies		 Unrestricted
£
4,766
4,766		 Restricted
£
195
195		 Unrestricted
funds
2023
£
7,471
64,430
1,343
77
36,296
109,617
18,526
184,986
203,512
53,208
(40,687)
(40,687)
(40,687)
1,627,321
1,586,634
Total
2024
£
4,961
4,961		 Total funds
2023
£
7,471
64,430
1,343
77
36,296
109,617
18,526
184,986
203,512
53,208
(40,687)
(40,687)
(40,687)
1,627,321
1,586,634
Total
2023
£
7,472
7,472

Page 13

Open Pathway Retreat Centre Notes to the Accounts

5 Income from charitable activities

Courses
Stock movement
Associate subscriptions &
activity
Accommodation relating to
yoga retreats
6
Income from other trading activities
Sale of goods & publications
/ Misc funraising
7
Income from investments
Bank interest receivable
8
Other income
Holiday accomodation
Hire of centre as venue		 Unrestricted
£
28,582
9,410
358
45,656
84,006
Unrestricted
£
712
712
Unrestricted
£
144
144
Unrestricted
£
-
21,919
21,919		 Total
2024
£
28,582
9,410
358
45,656
84,006
Total
2024
£
712
712
Total
2024
£
144
144
Total
2024
£
-
21,919
21,919		 Total
2023
£
30,975
10,075
1,157
22,223
64,430
Total
2023
£
1,343
1,343
Total
2023
£
77
77
Total
2023
£
15,507
20,789
36,296

Page 14

Open Pathway Retreat Centre Notes to the Accounts

9 Expenditure on charitable activities

Expenditure on charitable
activities
Courses
Stock movement
Associate subscriptions &
activity
Governance costs
Independent examiners fees
Accountancy fees
10 Other expenditure
Bank loan and overdraft
interest payable
Other interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
11 Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
£
1,061
(20)
202,731
5,231
100,712
11,454
11,620
19,715
352,504		 Unrestricted
£
15,674
(772)
2,013
766
800
18,481
Restricted
£
-
-
-
-
195
-
-
-
195
2024
£
11,454		 Total
2024
£
15,674
(772)
2,013
766
800
18,481
Total
2024
£
1,061
(20)
202,731
5,231
100,907
11,454
11,620
19,715
352,699		 Total
2023
£
14,418
(75)
2,520
740
923
18,526
Total
2023
£
1,024
-
52,177
6,394
69,832
12,906
21,097
21,556
184,986
2023
£
11,851

Page 15

Open Pathway Retreat Centre Notes to the Accounts

12 Staff costs

Salaries and wages
Social security costs
Pension costs		 2024
56,843
-
633
57,476		 2023
47,101
413
531
48,045

No employee received emoluments in excess of £60,000. All employees are considered to be key management personnel

The average monthly number of full time equivalent employees during the year was as follows:

Administration 2024
Number
2
2		 2023
Number
2
2

The charity operates a defined contribution pension scheme for employees. The scheme was set up on 1 February 2021. Contributions are payable into a NEST pension scheme.

13 Tangible fixed assets

Cost or revaluation
At 1 February 2023
Additions
At 31 January 2024
Depreciation and
impairment
At 1 February 2023
Depreciation charge for the
year
At 31 January 2024
Net book values
At 31 January 2024
At 31 January 2023
14 Stocks
Raw materials and consumables
15 Debtors
Trade debtors		 Land and
buildings
£
1,445,019
7,384
1,452,403
148,920
7,262
156,182
1,296,221
1,296,099		 Plant and
machinery
£
112,082
2,930
115,012
101,495
3,373
104,868
10,144
10,587
2024
£
1,222
1,222
2024
£
1,197
1,197		 Motor
vehicles
£
24,138
-
24,138
20,865
818
21,683
2,455
3,273		 Total
£
1,581,239
10,314
1,591,553
271,280
11,453
282,733
1,308,820
1,309,959
2023
£
450
450
2023
£
-
-

Page 16

Open Pathway Retreat Centre Notes to the Accounts

16 Creditors:

amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Other creditors
Accruals
17 Creditors:
amounts falling due after more than one year
Bank loans and overdrafts
18 Movement in funds
At 1
February
2023
Restricted funds:
Restricted income funds:
Flood Donations
-
Total
-
Unrestricted funds:
General funds
1,586,634
Total funds
1,586,634
Purposes and restrictions in relation to the funds:
Restricted funds:
Flood Donations
19 Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions		 2024
£
11,609
2,085
14,008
2,351
30,053
2024
£
15,478
15,478
Incoming
resources
(including
other
gains/losses
)
£
195
195
111,547
111,742		 Resources
expended
£
(195)
(195)
(370,985)
(371,180)		 2023
£
11,609
5,331
7,245
1,599
25,784
2023
£
27,087
27,087
At 31
January
2024
£
-
-
1,327,196
1,327,196
Unrestricted
funds
£
1,308,820
33,854
(15,478)
1,327,196		 Total
£
1,308,820
33,854
(15,478)
1,327,196

Page 17

Open Pathway Retreat Centre Notes to the Accounts

20 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Bank loans
Net debt		 At 1
February
2023
£		 Cash flows
£		 At 31
January
2024
£
329,095 (267,607) 61,488
329,095
(38,696)
(38,696)
290,399		 (267,607)
11,609
11,609
(255,998)		 61,488
(27,087)
(27,087)
34,401

21 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2024 2024 2023 2023
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2024 2023
£ £
The pension cost charge to the company
amounted to: 633 531

22 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 18

Open Pathway Retreat Centre Detailed Statement of Financial Activities

for the year ended 31 January 2024

Income and endowments from:
Donations and legacies
Donations and legacies
Charitable activities
Courses
Stock movement
Associate subscriptions & activity
Accommodation relating to yoga
retreats
Other trading activities
Sale of goods & publications / Misc
funraising
Investments
Bank interest receivable
Other
Holiday accomodation
Hire of centre as venue
Total income and endowments
Expenditure on:
Charitable activities
Courses
Stock movement
Associate subscriptions & activity
Governance costs
Independent examiners fees
Accountancy fees
Total of expenditure on charitable
activities
Other expenditure
Bank loan and overdraft interest
payable
Other interest payable		 Unrestricte
d funds
2024
£
4,766
4,766
28,582
9,410
358
45,656
84,006
712
712
144
144
-
21,919
21,919
111,547
15,674
(772)
2,013
16,915
766
800
1,566
18,481
1,061
(20)		 Restricted
funds
2024
£
195
195
-
-
-
-
-
-
-
-
-
-
-
-
195
-
-
-
-
-
-
-
-
-
-		 Total funds
2024
£
4,961
4,961
28,582
9,410
358
45,656
84,006
712
712
144
144
-
21,919
21,919
111,742
15,674
(772)
2,013
16,915
766
800
1,566
18,481
1,061
(20)		 Total funds
2023
£
7,472
7,472
30,975
10,075
1,157
22,223
64,430
1,343
1,343
77
77
15,507
20,789
36,296
109,618
14,418
(75)
2,520
16,863
740
923
1,663
18,526
1,024
-

Page 19

Open Pathway Retreat Centre Detailed Statement of Financial Activities

pen Pathway Retreat Centre
etailed Statement of Financial Activities
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff recruitment
Staff training
Motor and travel costs
Vehicles - General costs
Travel and subsistence
Premises costs
Rates
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Plant and
machinery
Depreciation of Motor vehicles
Loss on disposal of tangible fixed
assets
Bank charges
Equipment repairs and
maintenance
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Consultancy fees
Solicitor's fees		 1,041
56,843
-
633
145,000
255
202,731
4,628
603
5,231
8,263
21,220
8,912
8,223
42,335
11,759
100,712
7,262
3,374
818
-
(48)
839
1,338
5
2,987
1,476
1,074
-
3,949
23,074
1,680
9,331		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
195
-
195
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 1,041
56,843
-
633
145,000
255
202,731
4,628
603
5,231
8,263
21,220
8,912
8,223
42,530
11,759
100,907
7,262
3,374
818
-
(48)
839
1,338
5
2,987
1,476
1,074
-
3,949
23,074
1,680
9,331		 1,024
47,101
413
531
-
4,132
52,177
5,025
1,369
6,394
6,028
27,529
11,386
-
13,345
11,544
69,832
7,225
3,535
1,091
1,055
151
1,114
8,532
26
3,732
721
2,320
130
4,371
34,003
-
11,417

Page 20

Open Pathway Retreat Centre Detailed Statement of Financial Activities

Open Pathway Retreat Centre
Detailed Statement of Financial Activities
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net expenditure
Net expenditure before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 8,704
19,715
352,504
370,985
-
(259,438)
(259,438)
-
(259,438)
1,586,634
1,327,196		 -
-
195
195
-
-
-
-
-
-
-		 8,704
19,715
352,699
371,180
-
(259,438)
(259,438)
-
(259,438)
1,586,634
1,327,196		 10,139
21,556
184,986
203,512
53,208
(40,686)
(40,686)
-
(40,686)
1,627,320
1,586,634

Page 21