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2022-03-31-accounts
|
|
PART ONE: Report of the trustees |
|
| **CHAPTER ** |
ONE |
WHO WEARE |
3 |
|
|
Introduction |
|
|
|
Mission and Objectives |
|
| **CHAPTER ** |
TWO |
ACTIVITIES, ACHIEVEMENTS, FUTURE PLANS |
5 |
|
|
Pastoral and Spiritual Care |
|
|
|
Education |
|
|
|
Missions |
|
|
|
Otheractivities |
|
|
|
Future Plans |
|
| **CHAPTER ** |
THREE |
FINANCIAL REVIEW |
10 |
|
|
Income |
|
|
|
Expenditure |
|
|
|
Tangible FixedAssets |
|
|
|
Results fortheyear |
|
|
|
Investment performance |
|
|
|
Reserves policy |
|
|
|
Financial position |
|
| **CHAPTER ** |
FOUR |
TRUSTEE DUTIES and COMPLIANCE WITH CHARITY 13 |
|
|
|
REQUIREMENTS |
|
|
|
Property |
|
|
|
Policies, Reports and Plans |
|
|
|
Safeguarding |
|
|
|
Archives |
|
|
|
General Data Protection Regulation (GDPR) |
|
|
|
Investment Policy |
|
|
|
Insurance |
|
|
|
Continued Professional Development |
|
| **CHAPTER ** |
FIVE |
GOVERNANCE, TRUSTEES' RESPONSIBILITIES, |
15 |
|
|
RISK MANAGEMENT |
|
|
|
Governance |
|
|
|
Risk Management |
|
|
|
Trustee Responsibility Statement |
|
|
|
Summary and acknowledgments |
|
|
|
PART TWO: Independent auditor's report and accounts |
|
| **CHAPTER ** |
SIX |
Independent Auditor's Report |
18 |
|
|
Accounts |
|
|
|
Statement offinancial activities |
22 |
|
|
Charity statement offinancial activities |
22 |
|
|
Balance sheets |
24 |
|
|
Statement ofcashflows |
25 |
|
|
Principal accounting policies |
26 |
|
|
Notes tothe accounts |
34 |
|
Trustees |
SisterClaire Dawson C.P. (appointed 10/8/2022) |
|
|
Sister Margaret Gorman C.P. (SisterCarmel) |
|
|
SisterAnne Hammersley C.P. |
|
|
Sister Margaret O'Regan C.P. (SisterTherese) |
|
|
Sister Margaret Steed C.P. (SisterSavio) |
|
|
Sister Eileen Fucito C.P. (resigned 1 June 2022) |
|
Province Leader |
Sister Margaret Steed C.P. |
|
Province Bursar |
Mrs Sakina Lowe |
|
Principal address |
Cross & Passion Convent |
|
|
299 Boarshaw Road |
|
|
Middleton |
|
|
Manchester |
|
|
M24 2PF |
|
Telephone |
0161 655 3184 |
|
Email |
pltcpsisters@gmail.com |
|
Website |
www.crossandpassion.com |
| **Charity ** |
Registration Number - |
|
|
England and Wales |
1038483 |
| **Charity ** |
Registration Number - |
|
|
Scotland |
SCO38416 |
|
Accountants |
Buzzacott LLP |
|
|
130 Wood Street |
|
|
London |
|
|
EC2V6DL |
|
Auditor |
RSM UK Audit LLP |
|
|
Bluebell House |
|
|
BrianJohnson Way |
|
|
Preston |
|
|
Lancashire |
|
|
PR2 5PE |
| Investment managers |
Sarasin & Partners LLP |
|
Juxon House |
|
100 St Paul's Churchyard |
|
London |
|
EC4M 8BU |
|
Rathbone Investment Management Limited |
|
8 Finsbury Circus |
|
London |
|
EC2M 7AZ |
| Principal bankers |
The Royal Bank of Scotland pic |
|
1 Dale Street |
|
Liverpool |
|
L2 2PP |
|
Bank of Ireland Limited |
|
2 College Green |
|
Dublin 2 |
| Solicitors England and Wales |
Wrigleys Solicitors LLP |
|
19 Cookridge Street |
|
Leeds |
|
LS12 3AG |
| Solicitors Northern Ireland |
Conway, Todd & Co |
|
22 Market Square |
|
Antrim |
|
BT41 4DT |
|
Edwards & Co |
|
28 Hill Street |
|
Belfast |
|
BT1 2LA |
| Finance and General |
Elizabeth Wilson, Wrigleys Solicitors LLP |
| Purposes Committee |
Amanda Francis, Buzzacott LLP |
|
Andrew Mather, CS2 Chartered Surveyors |
| Insurance Brokers |
Steve Burns, Marsh Commercial, UK |
| Energy Broker |
Charles Lowe, EnergyFlowe Limited, UK |
|
|
|
Charity |
|
|
Group |
|
|
|
Un- |
|
Total |
Un- |
|
Total |
|
|
restricted |
Restricted |
funds |
restricted |
Restricted |
funds |
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
Notes |
£ |
£ |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
|
|
| Donationsand legacies |
|
179,508 |
|
179,508 |
1,695.592 |
3,626,362 |
5,321,954 |
| Investment income and interest |
|
|
|
|
|
|
|
| receivable |
2 |
159,872 |
|
159,872 |
731,718 |
174,166 |
905,884 |
| Charitable activities |
|
|
|
|
|
|
|
| Provision of hospice care |
3 |
|
|
|
|
5,839,403 |
5,839,403 |
| . Retreat and similarincome |
|
|
|
|
44,547 |
|
44,547 |
| . Grants receivable |
|
|
|
|
385,000 |
|
385,000 |
| Othertrading activities |
|
|
|
|
|
|
|
| . Income from charityshops |
|
|
|
|
|
1,100,551 |
1,100,551 |
| .Room hire and rentalincome |
|
|
|
|
2,066 |
|
2,066 |
| . Fundraising eventsand lotteries |
|
|
|
|
|
695,819 |
695,819 |
| Othersources |
|
|
|
|
|
|
|
| . Surpluson disposalof tangible fixed |
|
|
|
|
|
|
|
| assets |
|
624,498 |
|
624,498 |
9,198 |
|
9,198 |
| .Foreign exchange gains |
|
58,848 |
|
58,848 |
|
|
|
| . Miscellaneousincome |
|
30,047 |
|
30,047 |
148,528 |
49,081 |
197,609 |
| Total income |
|
1,052,773 |
|
1,052,773 |
3,016,649 |
11,485,382 |
14,502,031 |
| Expenditure on: |
|
|
|
|
|
|
|
| Raising funds |
|
|
|
|
|
|
|
| . Cost of raising donations |
|
|
|
|
|
2,123,859 |
2,123,859 |
| . Fundraising activitiesincluding |
|
|
|
|
|
|
|
| charityshops |
|
|
|
|
|
1,231,466 |
1,231,466 |
| . Investment managementcosts |
|
23,654 |
|
23,654 |
28,220 |
27,282 |
55,502 |
| Charitable activities |
|
|
|
|
|
|
|
| Provision of hospice care |
4 |
|
|
|
|
8,207,089 |
8,207,089 |
| . Donationsand supportof overseas |
|
|
|
|
|
|
|
| missions |
5 |
81,347 |
|
81,347 |
117,510 |
|
117.,510 |
| Supportof membersof the |
|
|
|
|
|
|
|
| Congregation and theirministry |
6 |
569,646 |
|
569,646 |
5,985,996 |
|
5,985,996 |
| . Donationsto Sisters ofthe Cross |
|
|
|
|
|
|
|
| and Passion CIO |
24 |
1,450,000 |
|
1,450,000 |
|
|
|
|
|
2,124,647 |
|
2,124,647 |
6,131,726 |
11,589.696 |
17,721,422 |
| Transfer to Sistersof the Cross and |
|
|
|
|
|
|
|
| Passion CIO{CharityRegistration |
|
|
|
|
|
|
|
| Number 1185348) and its subsidiary |
24 |
8,622,195 |
|
8,622,195 |
35,217,050 |
12,886,782 |
48,103,832 |
| Total expenditure |
|
10,746,842 |
|
10,746,842 |
41,348,776 |
24,476,478 |
65,825,254 |
| Net expenditure before net |
|
|
|
|
|
|
|
| investment gains |
|
(9,694,069) |
|
(9,694,069) |
(38.332,127) |
(12,991,096) |
(51,323,223) |
| Net investment gains |
|
279,738 |
|
279,738 |
4,802,827 |
1,246,820 |
6,049,647 |
| Net expenditure and net movement |
|
|
|
|
|
|
|
| infunds |
8 |
(9,414,331) |
|
(9,414,331) |
(33,529,300) |
(11,744,276) |
(45,273,576) |
| Reconciliation of funds: |
|
|
|
|
|
|
|
| Fund balancesat 1 April2021 |
|
19,227,988 |
|
19,227,988 |
52,757,288 |
11,744,276 |
64,501,564 |
| Fund balancesat 31 March 2022 |
|
9,813,657 |
|
9,813,657 |
19,227,988 |
|
19,227.988 |
|
|
|
Charity |
|
|
Charity |
|
|
|
Un- |
|
Total |
Un- |
|
Total |
|
|
restricted |
Restricted |
funds |
restricted |
Restricted |
funds |
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
Notes |
£ |
£ |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
|
|
| Donationsand legacies |
|
179,508 |
|
179,508 |
1,695,592 |
|
1,695,592 |
| Investment income and interest |
|
|
|
|
|
|
|
| receivable |
2 |
159,872 |
|
159,872 |
731,718 |
|
731,718 |
| Charitable activities |
|
|
|
|
|
|
|
| . Retreat and similar income |
|
|
|
|
44,547 |
|
44,547 |
| . Grants receivable |
|
|
|
|
385,000 |
|
385,000 |
| Othertrading activities |
|
|
|
|
|
|
|
| . Room hire and rentalincome |
|
|
|
|
2,066 |
|
2,066 |
| Othersources |
|
|
|
|
|
|
|
| . Surpluson disposalof tangible fixed |
|
|
|
|
|
|
|
| assets |
|
624,498 |
|
624,498 |
9,198 |
|
9,198 |
| . Foreign exchange gains |
|
58,848 |
|
58,848 |
|
|
|
| . Miscellaneousincome |
|
30,047 |
|
30,047 |
148,527 |
|
148,527 |
| Total income |
|
1,052,773 |
|
1,052,773 |
3,016,648 |
|
3,016,648 |
| Expenditure on: |
|
|
|
|
|
|
|
| Raising funds |
|
|
|
|
|
|
|
| . Investment management costs |
|
23,654 |
|
23,654 |
28.220 |
|
28.220 |
| Charitable activities |
|
|
|
|
|
|
|
| . Donations and support of overseas |
|
|
|
|
|
|
|
| missions |
5 |
81,347 |
|
81,347 |
117,510 |
|
117.,510 |
| . Supportof membersofthe |
|
|
|
|
|
|
|
| Congregation and their ministry |
6 |
569,646 |
|
569,646 |
5,985,996 |
|
5,985,996 |
| . Donationsto Sistersof the Cross |
|
|
|
|
|
|
|
| and Passion CIO |
24 |
1,450,000 |
|
1,450,000 |
|
|
|
|
|
2,124,647 |
|
2,124,647 |
6,131,726 |
|
6,131,726 |
| Transferto Sistersof the Cross and |
|
|
|
|
|
|
|
| Passion CIO(CharityRegistration |
|
|
|
|
|
|
|
| Number 1185348) |
24 |
8,622,195 |
|
8,622,195 |
35,217,049 |
4 |
35,217,053 |
| Total expenditure |
|
10,746,842 |
|
10,746,842 |
41,348,775 |
4 |
41,348,779 |
| Net expenditure before net |
|
|
|
|
|
|
|
| investment gains |
|
(9,694,069) |
|
(9,694,069) |
(38.332,127) |
(4) |
(38.,332,131) |
| Net investment gains |
|
279,738 |
|
279,738 |
4,802,827 |
|
4,802,827 |
| Net expenditure and net movement |
|
|
|
|
|
|
|
| in funds |
8 |
(9,414,331) |
|
(9,414,331) |
(33,529,300) |
(4) |
(33,529,304) |
| Reconciliation of funds: |
|
|
|
|
|
|
|
| Fund balancesat 1 April2021 |
|
19,227,988 |
|
19,227,988 |
52,757,288 |
4 |
52,757,292 |
| Fund balancesat 31 March 2022 |
|
9,813,657 |
|
9,813,657 |
19,227,988 |
|
19,277,988 |
|
|
Charity |
Charity |
Group |
|
Notes |
2022 |
2021 |
2021 |
|
|
£ |
£ |
£ |
| Fixed assets: |
|
|
|
|
| Tangible assets |
12 |
56,977 |
9,566,453 |
9,566,453 |
| Assets held forsale |
13 |
1,909,946 |
|
|
| Investments |
|
|
|
|
| . Listed investments |
13 |
7,037,205 |
6,778,911 |
6,778,911 |
| . Programme related investments |
13 |
|
1,909,946 |
1,909,946 |
| Total fixed assets |
|
9,004,128 |
18,255,310 |
18,255,310 |
| Current assets: |
|
|
|
|
| Debtors |
14 |
1,962 |
339,937 |
339,937 |
| Cash atbank and in hand |
|
829,692 |
647,085 |
647,085 |
| Total current assets |
|
831,654 |
987,022 |
987,022 |
| Liabilities: |
|
|
|
|
| Creditors: amountsfalling due |
|
|
|
|
| within one year |
15 |
(22,125) |
(14,344) |
(14,344) |
| Net current assets |
|
809,529 |
972,678 |
972,678 |
| Total net assets |
|
9,813,657 |
19,227,988 |
19,227,988 |
| The funds of the Charity: |
|
|
|
|
| Unrestricted funds |
|
|
|
|
| . Designatedfunds |
16 |
|
1,909,946 |
1,909,946 |
| . Tangible fixed assetsfund |
17 |
56,977 |
9,566,453 |
9,566,453 |
| . Generalfund |
|
9,756,680 |
7,751,589 |
7,751,589 |
|
|
9,813,657 |
19,227,988 |
19,227,988 |
|
|
Charity |
Group |
|
Notes |
2022 |
2021 |
|
|
£ |
£ |
| Cash flows from operating activities: |
|
|
|
| Netcash used in operating activities |
A |
(1,466,147) |
(2,395,691) |
| Cash flows from investing activities: |
|
|
|
| Investmentincome and interestreceived |
|
159,872 |
905,884 |
| Proceedsfromthe disposal oftangible fixed assets |
|
1,608,498 |
6,000 |
| Purchase oftangible fixed assets |
|
|
(259,628) |
| Proceedsfromthe disposal ofinvestments |
|
527,945 |
4,252,495 |
| Purchase ofinvestments |
|
(569,260) |
(1,685,233) |
| Net cash provided by investing activities |
|
1,727,055 |
3,219,518 |
| Change in cash and cash equivalents in the year |
|
260,908 |
823,827 |
| Cash and cash equivalents transferred to Sisters of the |
|
|
|
| Cross and Passion CIO (Charity Registration 1185348) |
|
(114,180) |
(5,622,842) |
| Cash and cash equivalents at 1 April 2021 |
B |
788,335 |
5,454,714 |
| Change in cash and cash equivalents due to exchange rate |
|
|
|
| movements |
|
(32,654) |
132,636 |
| Cash and cash equivalents at 31 March 2022 |
B |
902,409 |
788,335 |
|
2022 |
2021 |
|
£ |
£ |
| Net movement in funds (as per the statement of financial activities) |
{9,414,331) |
(45,273,576) |
| Adjustments for: |
|
|
| Depreciation charge |
44,341 |
1,196,123 |
| (Gains) on investments |
(279,738) |
(6,049,647) |
| Investment income and interest receivable |
(159,872) |
(905,884) |
| Net(surplus}/deficiton disposal oftangible fixed assets |
(624,498) |
119,247 |
| {Increase) in stocks |
|
(865) |
| Decrease in debtors |
337,975 |
345,049 |
| Increase in creditors |
7,781 |
70,030 |
| Transferto Sistersofthe Crossand Passion CIO |
8,622,195 |
48,103,832 |
| Net cash used in operating activities |
{1,466,147) |
(2,395,691) |
| Analysis of cash and cash equivalents |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Cash at bankand in hand |
829,692 |
647,085 |
| Cash held by investmentmanagers |
72,717 |
141,250 |
| Total cash and cash equivalents |
902,409 |
788,335 |
| Donations and legacies |
|
|
|
|
|
|
|
|
Charity |
|
|
Group |
|
|
|
|
Total |
|
|
Total |
|
**Unrestricted ** |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Salaries and pensions of individual religious |
|
|
|
|
|
|
| received under Gift Aid ordeed of covenant |
|
|
|
1,520,750 |
|
1,520,750 |
| Legacies |
36,995 |
|
36,995 |
|
1,253,818 |
1,253,818 |
| Donations |
124,993 |
|
124,993 |
163,369 |
1,220,396 |
1,383,765 |
| Grants |
|
|
|
|
1,152,148 |
1,152,148 |
| Othervoluntary income |
17,520 |
|
17,520 |
11,473 |
|
11,473 |
| Total funds |
179,508 |
|
179,508 |
1,695,592 |
3,626,362 |
5,321,954 |
|
|
Charity |
|
|
Group |
|
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£
---- |
£ |
£ |
£ |
£ |
| Incomefrom listed investments |
159,859 |
|
159,859 |
729,891 |
161,915 |
891,806 |
| Interest receivable |
|
|
|
|
|
|
| Bank interest |
|
|
|
1,191 |
12,251 |
13,442 |
| . Interest on cash held by investment |
|
|
|
|
|
|
| managers |
13 |
---- |
13 |
636 |
|
636 |
|
13 |
|
13 |
1,827 |
12,251 |
14,078 |
| Total funds |
159,872---- |
|
159,872 |
731,718 |
174,166 |
905,884 |
|
Charity |
|
|
Group |
|
|
|
Total |
|
|
Total |
| Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
| funds |
funds |
2022 |
funds |
funds |
2021 |
| £ |
£ |
£ |
£ |
£ |
£ |
| ------------------ |
|
---- |
|
|
|
| Clinical Commissioning Group income |
|
|
|
3,692,231 |
3,692,231 |
| NHS England-COVID 19 |
|
|
|
2,014,904 |
2,014,904 |
| Education and research |
|
|
|
92,369 |
92,369 |
| Bistro |
|
|
|
32,077 |
32,077 |
| Other income |
|
|
|
7,822 |
7,822 |
| Total funds |
|
|
|
5,839,403 |
5,839,403 |
|
|
Charity |
|
|
Group |
|
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| In-patient care |
|
|
|
|
5,639,547 |
5,639,547 |
| Community care |
|
|
|
|
1,286,881 |
1,286,881 |
| Day hospice |
|
|
|
|
564,859 |
564,859 |
| Bereavement support |
|
|
|
|
196,473 |
196,473 |
| Education and research |
|
|
|
|
519,329 |
519,329 |
| Total funds |
|
|
|
|
8,207,089 |
8,207,089 |
|
|
Charity |
|
Group and Charity |
Group and Charity |
|
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| ------------ |
----- |
|
----- |
|
-------- |
|
| Total funds: Grants to the |
|
|
|
|
|
|
| Congregation's overseas missions |
81,347 |
---- |
81,347 |
117,510---- |
|
117,510 |
|
|
Charity |
|
Group and Charity |
Group and Charity |
Group and Charity |
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Sisters' living and personal expenses |
68,470 |
|
68,470 |
956,433 |
|
956,433 |
| Premises |
169,502 |
|
169,502 |
3,274,163 |
|
3,274,163 |
| Education, training and spiritual |
|
|
|
|
|
|
| renewal |
68,608 |
|
68,608 |
255,907 |
|
255,907 |
| Administrative and similarcosts |
237,326 |
|
237,326 |
1,103,239 |
|
1,103,239 |
| Othercosts |
2,568 |
|
2,568 |
161,916 |
|
161,916 |
| Foreign exchange (gains)/losses |
|
|
|
166,011 |
|
166,011 |
| Governance costs (note 7) |
23,172 |
|
23,172 |
68,327 |
|
68,327 |
| Total funds |
569,646 |
|
569,646 |
5,985,996 |
|
5,985,996 |
| Governance costs |
|
|
|
|
|
|
|
|
Charity |
|
|
Group |
|
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Accountancy |
13,810 |
|
13,810 |
41,661 |
|
41,661 |
| Auditor's remuneration |
|
|
|
|
|
|
| . Statutory |
8,000 |
|
8,000 |
15,375 |
20,300 |
35,675 |
| . Non-statutory |
|
|
|
|
3,330 |
3,330 |
| Other St Gemma's costs |
|
|
|
|
51,526 |
51,526 |
| Bank fees and charges |
1,362 |
|
1,362 |
11,291 |
|
11,291 |
|
23,172 |
|
23,172 |
68,327 |
75.156 |
143,483 |
|
|
Charity |
|
|
Group |
|
|
|
|
Total |
|
|
|
|
Unrestricted |
Restricted |
funds |
|
|
Total |
|
funds |
funds |
2022 |
Unrestricted |
Restricted |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Raising funds |
|
|
|
|
16,914 |
16,914 |
| ln-patient care |
|
|
|
|
45,961 |
45,961 |
| Community care |
|
|
|
|
4,900 |
4,900 |
| Day hospice |
|
|
|
|
3,883 |
3,883 |
| Bereavement support |
|
|
|
|
1,321 |
1,321 |
| Education and research |
|
|
|
|
2,177 |
2,177 |
| Support of members ofthe |
|
|
|
|
|
|
| Congregation and theirministry |
23,172 |
|
23,172 |
68,327 |
|
68,327 |
|
23,172 |
|
23,172 |
68,327 |
75,156 |
143,483 |
|
Charity |
Charity |
Group |
|
Total |
Total |
Total |
|
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
| Staffcosts (note 9) |
75,999 |
2,302,287 |
10,867,026 |
| Auditor's remuneration |
|
|
|
| . Statutory |
8,000 |
15,375 |
35,675 |
| . Non statutory- taxation services |
|
|
2,200 |
| - reporting to Group auditors |
|
|
1,130 |
| Depreciation |
44,341 |
610,478 |
1,196,123 |
| Operating lease rental - land and buildings |
|
|
482,929 |
| Operating lease rental - equipment |
|
|
11,223 |
|
Charity |
Charity |
Group |
|
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
| Staffcosts during the yearwere as follows: |
|
|
|
| Wages and salaries |
74,042 |
2,145,598 |
9,462,932 |
| Social security costs |
738 |
133,019 |
783,792 |
| Other pension costs |
1,219 |
23,670 |
620,302 |
|
75,999 |
2,302,287 |
10,867,026 |
|
Charity |
Charity |
Group |
|
Total |
Total |
Total |
|
2022 |
2021 |
2021 |
|
No. |
No. |
No. |
| £60,001 -£70,000 |
|
|
1 |
| £70,001 -£80,000 |
|
|
3 |
| £80,001 -£90,000 |
|
|
1 |
| £100,001 --£110,000 |
|
|
1 |
| £140,001 -£150,000 |
|
|
1 |
|
|
|
7 |
|
Charity |
Charity |
Group |
|
2022 |
2021 |
2021 |
|
No. |
No. |
No. |
| StGemma's Hospice |
|
|
230 |
| Supportofsistersand their ministry |
5 |
4 |
134 |
|
5 |
4 |
364 |
| Tangible fixed assets |
|
|
|
|
|
Freehold |
Plant, |
|
|
|
land and |
furniture and |
Motor |
|
|
buildings |
equipment |
vehicles |
Total |
| Group and Charity |
£ |
£ |
£ |
£ |
| Cost or valuation |
|
|
|
|
| At 1 April 2021 |
11,115,143 |
115,494 |
102,762 |
11,333,399 |
| Disposals |
(1,200,000) |
|
|
(1,200,000) |
| Exchangemovement |
33,234 |
906 |
1,097 |
35,237 |
|
9,948,377 |
116,400 |
103,859 |
10,168,636 |
| Transfer to Sisters oftheCross and Passion |
|
|
|
|
| CIO |
(9,878,461) |
(83,889) |
(103,859) |
(10,066,209) |
| At 31 March 2022 |
69,916 |
32,511 |
|
102,427 |
| Assets at historic cost |
69,916 |
32,511 |
|
102,427 |
| Depreciation |
|
|
|
|
| At 1 April 2021 |
1,627,513 |
71,239 |
68,194 |
1,766,946 |
| Chargefor year |
39,317 |
3,277 |
1,747 |
44,341 |
| Ondisposals |
(216.000) |
|
|
(216,000) |
| Exchangemovement |
7,127 |
502 |
728 |
8,357 |
|
1,457,957 |
75,018 |
70,669 |
1,603,644 |
| Transfer toSisters oftheCross and Passion |
|
|
|
|
| CIO |
(1,439,781) |
(47,744) |
(70,669) |
(1,558,194) |
| At 31 March 2022 |
18,176 |
27,274 |
|
45,450 |
| Net book values |
|
|
|
|
| At 31 March 2022 |
51,740 |
5,237 |
|
56,977 |
| At 31 March 2021 |
9,487,630 |
44,255 |
34,568 |
9,566,453 |
|
Charity |
Charity |
Group |
|
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
| Programme related investments(see a below) |
|
2,044,592 |
2,044,592 |
| Assets held forsale |
1,909,946 |
|
|
| Listed investmentsand cash held for |
|
|
|
| re-investment(see b below) |
7,037,205 |
31,943,092 |
25,406,899 |
|
8,947,151 |
33,987,684 |
27,451,491 |
| Transferto Sisters ofthe Cross and Passion CIO |
|
|
|
| (see note 24) |
|
(25,298,827) |
(18,762,634) |
| At31 March 2022 |
8,947,151 |
8,688,857 |
8,688,857 |
|
|
Group and |
|
Charity |
Charity |
|
2022 |
2021 |
|
£ |
£ |
| At 1 April 2021 |
1,909,946 |
2,049,323 |
| Additions |
|
11,270 |
| Exchange movements |
|
(16,001) |
| Reclassification as non-currentassets awaiting disposal |
(1,909,946) |
|
|
|
2,044,592 |
| Transferto Sisters ofthe Cross and Passion CIO (see note 24) |
|
(134,646) |
| At31 March 2022 |
|
1,909,946 |
|
|
Group and |
|
Charity |
Charity |
|
2022 |
2021 |
|
£ |
£ |
| StGabriel's Hall |
|
134,430 |
| The Imani Centre |
|
1,775,516 |
|
|
1,909,946 |
|
Charity |
Charity |
Group |
|
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
| Listed investments |
|
|
|
| Marketvalue at 1 April 2021 |
6,637,659 |
22,208,169 |
27,447,584 |
| Additionsatcost |
569,260 |
744,097 |
1,673,963 |
| Disposals atbook value (proceeds: £527,945; gains: |
|
|
|
| £62,011) |
(465,484) |
(2,567,611) |
(3,682,472) |
| Exchange movements |
5,326 |
(9,779) |
(9,780) |
| Netunrealised investmentgains |
217,727 |
4,423,838 |
5,479,624 |
| Marketvalue at31 March 2022 |
6,964,488 |
24,798,714 |
30,908,919 |
| Cash held by investment managers for reinvestment |
72,717 |
608,185 |
1,034,174 |
|
7,037,205 |
25,406,899 |
31,943,093 |
| Transferto Sisters ofthe Cross and Passion CIO |
|
|
|
| (see note 24) |
|
(18,627,988) |
(25,164,182) |
|
7,037,205 |
6,778,911 |
6,778,911 |
| Costoflisted investments |
4,943,719 |
16,228,541 |
20,896,555 |
| Transferto Sisters ofthe Crossand Passion CIO |
|
|
|
| (see note 24) |
|
(11,481,438) |
(16,149,452) |
| Costoflisted investmentsat31 March 2022 |
4,943,719 |
4,747,103 |
4,747,103 |
|
Charity |
Charity |
Group |
|
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
| Fixed interestbased common investmentfunds |
349,145 |
1,088,781 |
1,990,213 |
| Equities |
1,012,576 |
5,371,773 |
8,148,391 |
| Unit trusts |
3,645,166 |
14,220,313 |
14,219,943 |
| Alternative investments |
415,594 |
674,340 |
1,110,910 |
| Property |
|
168,806 |
355,376 |
| Overseasfunds |
1,542,007 |
3,274,701 |
5,084,086 |
|
6,964,488 |
24,798,714 |
30,908,919 |
| Debtors |
|
|
|
|
Charity |
Charity |
Group |
|
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
| Trade debtors |
|
|
2,428 |
| Income tax recoverable |
|
|
121,974 |
| Other debtors |
|
8,519 |
590,911 |
| Prepaymentsand accrued income |
1,962 |
341,919 |
510,738 |
|
1,962 |
350,438 |
1,226,051 |
| Transferto Sisters ofthe Crossand Passion CIO |
|
|
|
| (see note 24) |
|
(10,501) |
(886,114) |
|
1,962 |
339,937 |
339,937 |
| Creditors: amounts falling due within one year |
|
|
|
|
Charity |
Charity |
Group |
|
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
| Expense creditors |
|
|
50 |
| Taxation and social security costs |
|
29,614 |
29,614 |
| Other creditors |
|
30,580 |
640,567 |
| Accrued expenditure |
22,125 |
178,878 |
435,860 |
|
22,125 |
239,072 |
1,106,091 |
| Transferto Sistersofthe Cross and Passion CIO |
|
|
|
| (see note 24) |
|
(224,728) |
(1,091,747) |
|
22,125 |
14,344 |
14,344 |
|
At1
April |
New |
Utilised/ |
Transfer to
CIO (note |
At
31 March |
|
2021 |
designation |
released |
24) |
2022 |
| Charity |
£ |
£ |
£ |
£ |
£ |
| Future healthcare ofsisters |
|
|
|
|
|
| Crisis donations |
|
|
|
|
|
| Programme related |
|
|
|
|
|
| investmentsfund |
1,909,946 |
|
(1,909,946) |
|
|
|
1,909,946 |
|
{1,909,946) |
|
|
|
At 1
April |
New |
Utilised/ |
Transferto
CIO (note |
At
31 March |
|
2020 |
designation |
released |
24) |
2021 |
| Group and Charity |
£ |
£ |
£ |
£ |
£ |
| Future healthcare ofsisters |
23,000,000 |
|
(4,000,000) |
(19,000,000) |
|
| Crisis donations |
165,305 |
|
(5,000) |
(160,305) |
|
| Programme related |
|
|
|
|
|
| investmentsfund |
2,049,323 |
11,270 |
(16,001) |
(134,646) |
1,909,946 |
|
25,214,628 |
11,270 |
(4,021,001) |
(19,294,951) |
1,909,946 |
| Tangible fixed assets fund |
|
|
|
|
Group and |
|
Charity |
Charity |
|
2022 |
2021 |
|
Total |
Total |
|
£ |
£ |
| At 1 April 2021 |
9,566,453 |
25,825,835 |
| Netmovement in year |
(1,001,461) |
(794,023) |
|
8,564,992 |
25,031,812 |
| Transferto Sisters ofthe Cross and Passion CIO (see note 24) |
(8,508,015) |
(15,465,359) |
| At31 March 2022 |
56,977 |
9,566,453 |
|
|
Tangible |
|
|
|
|
|
fixed |
|
|
|
|
General |
assets |
Designated |
Restricted |
Total |
|
fund |
fund |
funds |
funds |
2022 |
| Charity |
£ |
£ |
£ |
£ |
£ |
| Fund balances at 31 March |
|
|
|
|
|
| 2022 are represented by: |
|
|
|
|
|
| Tangible fixed assets |
|
56,977 |
|
|
56,977 |
| Assets held for sale |
1,909,946 |
|
|
|
1,909,946 |
| Investments |
7,037,205 |
|
|
|
7,037,205 |
| Netcurrentassets |
809,529 |
|
|
|
809,529 |
| Total net assets |
9,756,680 |
56,977 |
|
|
9,813,657 |
|
|
Tangible |
|
|
|
|
|
fixed |
|
|
|
|
General |
assets |
Designated |
Restricted |
Total |
|
fund |
fund |
funds |
funds |
2021 |
| Charity |
£ |
£ |
£ |
£ |
£ |
| Fund balances at31 March |
|
|
|
|
|
| 2021 are represented by: |
|
|
|
|
|
| Tangible fixed assets |
|
9,566,453 |
|
|
9,566,453 |
| Investments |
6,778,911 |
|
1,909,946 |
|
8,688,857 |
| Net currentassets |
972,678 |
|
|
|
972,678 |
| Total netassets |
7,751,589 |
9,566,453 |
1,909,946 |
|
19,227,988 |
|
|
Tangible |
|
|
|
|
|
fixed |
|
|
|
|
General |
assets |
Designated |
Restricted |
Total |
|
fund |
fund |
funds |
funds |
2021 |
| Group |
£ |
£ |
£ |
£ |
£ |
| Fund balances at31 March |
|
|
|
|
|
| 2021 are represented by: |
|
|
|
|
|
| Tangible fixed assets |
|
9,566,453 |
|
|
9,566,453 |
| Investments |
6,778,911 |
|
1,909,946 |
|
8,688,857 |
| Netcurrentassets |
972,678 |
|
|
|
972,678 |
| Total netassets |
7,751,589 |
9,566,453 |
1,909,946 |
|
19,227,988 |
|
Charity |
Charity |
Group |
|
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
| Unrealised gains included above: |
|
|
|
| On investments |
2,020,769 |
8,570,174 |
10,012,364 |
| Total unrealised gains at 31 March 2022 |
2,020,769 |
8,570,174 |
10,012,364 |
| Reconciliation of movements in unrealised gains (losses) |
|
|
|
| Unrealised gains at 1 April 2021 |
1,890,558 |
4,722,622 |
5,294,021 |
| Less: in respect to disposals inthe year |
(92,842) |
(566.507) |
(751,501) |
|
1,797,716 |
4,156,115 |
4,542,520 |
| Netgains arising on revaluation inthe year |
223,053 |
4,414,059 |
5,469,844 |
| Total unrealised gains at 31 March 2022 |
2,020,769 |
8,570,174 |
10,012,364 |
|
|
|
|
2021 |
|
Unrestricted |
Designated |
Restricted |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Income: |
|
|
|
|
| Donations, legacies and trusts |
3,028,650 |
|
597,712 |
3,626,362 |
| Othertrading activities |
1,845,450 |
|
|
1,845,450 |
| Investment income |
174,166 |
|
|
174,166 |
| Charitable activities |
3,824,499 |
|
2,014,904 |
5,839,403 |
| Total income |
8,872,765 |
|
2,612,616 |
11,485,381 |
| Expenditure: |
|
|
|
|
| Cost of raising funds |
3,284,316 |
98,292 |
|
3,382,608 |
| Charitable activities |
5,059,857 |
519,407 |
2,627,825 |
8,207,089 |
| Total expenditure |
8,344,173 |
617,699 |
2,627,825 |
11,589,697 |
| Gains on investments |
1,246,821 |
|
|
1,246,821 |
| Net income (expenditure) before transfers |
1,775,413 |
(617,699) |
(15,209) |
1,142,505 |
| Transfers |
(862,923) |
917,028 |
(54,105) |
|
| Net movement in funds |
912,490 |
299,329 |
(69,314) |
1,142,505 |
| Reconciliation of funds: |
|
|
|
|
| Fund balances at 1 April 2020 |
7,472,574 |
3,979,809 |
291,889 |
11,744,272 |
| Fund balances at 31 March 2021 |
8,385,064 |
4,279,138 |
222,575 |
12,886,777 |
|
2021 |
|
£ |
| Profit and loss account |
|
| Turnover |
49,081 |
| Cost ofsales |
(12,514) |
| Gross profit |
36,567 |
| Administrativeexpenses |
(634) |
| Management charge |
(18,987) |
| Operating profit |
16,946 |
| Amount giftaidedto St Gemma's Hospice |
(16,946) |
| Retained in subsidiary |
|
| Aggregate capital and reserves |
2 |
|
Landand |
buildings |
Office equipment |
Office equipment |
|
Charity |
Group |
Charity |
Group |
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
|
----- |
|
---- |
|
| Within oneyear |
|
395,986 |
|
6,539 |
| Betweenone andfiveyears |
|
680,165 |
|
7,327 |
|
|
1,076,151 |
|
13,866 |
|
2021 |
|
£ |
| Tangible fixed assets |
|
| . Cost |
19,790,592 |
| . Depreciation |
(4,325,233) |
|
15,465,359 |
| Fixed assetinvestments (including cash held by investmentmanagers |
|
| of£466,935) |
18,762,634 |
| Debtors |
10,501 |
| Cash atbank and in hand |
1,203,287 |
| Creditors: amountsfalling due within one year |
(224,728) |
| **--------------------------- ** |
35,217,053 |
|
2021 |
|
£ |
| Tangible fixed assetsfund |
15,465,359 |
| General funds |
456,739 |
| Restrictedfunds |
4 |
| Designatedfunds |
19,294,951 |
|
35,217,053 |