|||**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|





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## 




||||**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|





## 

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## 

|**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|
||£|£<br>----|£|£|£|£|
|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**<br>**April**|**New**|**Utilised/**|**Transfer to**<br>**CIO (note**|**At**<br>**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<br>April|**New**|Utilised/|Transferto<br>CIO (note|At<br>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**|



## 

##