| Page | ||
|---|---|---|
| Trustees' | annual report | |
| Independent examiner's report to the trustees |
||
| Statement | offinancial activities | |
| Statement | offinancial position | |
| Notes to | the financial statements | |
| The followhtg pages do not form part ofthe financial statements | ||
| Detailed | statement offinancial acfivities | 20 |
| Notes to | the detailed statement offinancial activities | 22 |
| Registered | charity | name | The Benedictine Nuns ofCurzon Park | The Benedictine Nuns ofCurzon Park |
|---|---|---|---|---|
| Charity registration | number | 1049013 | ||
| Principal office | 10Curzon Park South | |||
| Chester | ||||
| CH4 SAB | ||||
| The trustees | ||||
| Dame N Fairlie OSB(Abbess) | (Resigned 21 January 2021) | |||
| Dame SLCollins (Prioress/Chairman) | ||||
| Dame SGodden | ||||
| Dame JMead | (Resigned 21 January 2021) | |||
| Dame MRMaurer | (Appointed 21 January 2021) | |||
| Independent | examiner | UHY Hacker Young Chartered | Accountants | |
| St John's Chambers | ||||
| Love Street | ||||
| Chester | ||||
| Cheshire | ||||
| CH1 IQN |
| Year ended 31Dec | ember | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Endowment | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Note | 8 | |||||||
| Income and endowments | ||||||||
| Donations aud legacies |
4 | 49,174 | 49,174 | 28,403 | ||||
| Charitable activities |
5 | 210 | 210 | 1,028 | ||||
| Other trading activities | 6 | 1,729 | 1,729 | 1,813 | ||||
| Investment income |
7 | 7,027 | 7,027 | 52,107 | ||||
| Total income | 58,140 | 58,140 | 83,351 | |||||
| Expenditure | ||||||||
| Expenditure on charitable |
activities | 8,9 | 149,316 | 784 | 150,100 | 127,617 | ||
| Total expenditure | 149,316 | 784 | 150,100 | 127,617 | ||||
| Net gains on investments | 11 | (434,483) | — | (434,483) | (218,236) | |||
| Net income and net | movement | in | ||||||
| funds | 343,307 | (784) | 342,523 | 173,970 | ||||
| Reconciliation offunds | ||||||||
| Total funds brought | forward | 3,965,812 | 25,086 | 3,990,898 | 3,816,928 | |||
| Total funds carried | forward | 4,309,119 | 24,302 | 4,333,421 | 3,990,898 |
| Fl~ assets | |||
|---|---|---|---|
| Tangible fixed assets lanes~ |
15 f6 |
603,148 3.630,662 |
624,315 3,095,579 |
| f7 | 12,392 | 3„4% | |
| 192,693 | 275,417 | ||
| 20$,085 | 278,823 | ||
| Creditorst atnoanta falfiag dae srithin. ene year Net current~ |
18 | 4,874 200211 |
7,819 271,%4 |
| Total assets less current tiahgittes | |||
| %etassets | 4@33,421 | 3,99tl,SN |
| Donations | and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | Unrestricted | Total Funds | ||
| Funds | Funds 2021 | Funds | 2020 | ||
| g | |||||
| Donations | |||||
| Nuns income | 48,139 | 48,139 | 26,849 | 26,849 | |
| Donations | 730 | 730 | 1,554 | 1,554 | |
| Miscellaneous | 305 | 305 | |||
| 49,174 | 49,174 | 28,403 | 28,403 | ||
| Charitable | activities | ||||
| Unrestricted | Total | Unrestricted | Total Funds | ||
| Funds | Funds 2021 | Funds | 2020 | ||
| Income I'rom visitors to the Retreat | |||||
| House | 210 | 210 | 1,028 | 1,028 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Funds | Unrestricted | Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Wayleaves | 45 | 45 | 45 | 45 | |
| Sundry income - solar | 1,684 | 1,684 | 1,706 | 1,706 | |
| Industries | income | 62 | 62 | ||
| 1,729 | 1,729 | 1,813 | 1,813 | ||
| Investment | income | ||||
| Total | Total | ||||
| Unrestricted | Funds | Unrestricted | Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Other interest receivable | 7,027 | 7,027 | 52,107 | 52,107 |
| Expenditu | re on charitable activiti |
es by fund type | ||
|---|---|---|---|---|
| Total | ||||
| Unrestricted | Endowment | Funds | ||
| Funds | Funds | 2021 | ||
| Charitable | activities | 121,817 | 121,817 | |
| Emmaus | retreat house | 8,909 | 784 | 9,693 |
| Grants payable | 14,201 | 14,201 | ||
| Support costs | 4,389 | 4,389 | ||
| 149,316 | 784 | 150,100 |
| Total | ||||
|---|---|---|---|---|
| Unrestricted | Endowment | Funds | ||
| Funds | Funds | 2020 | ||
| Charitable | activities | 106,644 | 106,644 | |
| Emmaus | retreat house | 6,296 | 784 | 7,080 |
| Grants payable | 11,543 | 11,543 | ||
| Support costs | 2,350 | 2,350 | ||
| 126,833 | 784 | 127,617 |
| Expenditure on charitable a |
ctivities by activity | type | ||
|---|---|---|---|---|
| Activities | Grant | Total | Total | |
| undertaken | funding of | funds | Funds | |
| directly | activities | 2021 | 2020 | |
| Charitable activities |
121,817 | 121,817 | 106,644 | |
| Emmaus retreat house | 9,693 | 9,693 | 7,080 | |
| Grants payable | 14,201 | 14,201 | 11,543 | |
| Support costs | 4,389 | 4,389 | 2,350 | |
| 135,899 | 14,201 | 150,100 | 127,617 | |
| Analysis ofgrants | ||||
| 2021 | 2020 | |||
| Grants to institutions | ||||
| Animal welfare | 3,723 | 2,996 | ||
| Elderly support | 1,200 | 1,200 | ||
| Overseas aid | 2,521 | 2,220 | ||
| Children | 2,726 | 1,584 | ||
| Medical | 1,301 | 1,140 | ||
| Other | 2,730 | 2,403 | ||
| 14,201 | 11,543 | |||
| Total grants | 14,201 | 11,543 |
| Net gains on | inve | stments | ||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrestricted | Funds | Unresnicted | Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| Gains/(losses) | on | listed | ||||
| investments | 434,483 | 434,483 | 218,236 | 218,236 |
| 2021 | 2020 |
|---|---|
| 21,167 | 21,370 |
| Independent | examination fees |
|||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Fees payable | to the independent | examiner for: | ||
| Independent | examination ofthe | financial statements | 1,860 | 1,900 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Equipment | Total | |
| Cost | ||||
| At 1January 2021and | ||||
| 31December 2021 | 1,181,598 | 126,961 | 8,223 | 1,316,782 |
| Depreciation | ||||
| At 1 January 2021 | 565,879 | 118,802 | 7,786 | 692,467 |
| Charge for the year | 19,730 | 1,245 | 192 | 21,167 |
| At 31December 2021 | 585,609 | 120,047 | 7,978 | 713,634 |
| Carrying amount |
||||
| At 31December 2021 | 595,989 | 6,914 | 245 | 603,148 |
| At 31December 2020 | 615,719 | 8,159 | 437 | 624,315 |
| Investments | |||||
|---|---|---|---|---|---|
| Listed | Other | ||||
| investments | investments | Total | |||
| Cost orvaluation | |||||
| At I January 2021 | 2,895,579 | 200,000 | 3,095,579 | ||
| Additions | |||||
| Net unrealised gains on investments |
434,483 | 434,483 | |||
| At 31December 2021 | 3,330,062 | 200,000 | 3,530,062 | ||
| Impairment | |||||
| At 1January 2021and 31 | December 2021 | ||||
| Carrying amount |
|||||
| At 31December 2021 | 3,330,062 | 200,000 | 3,530,062 | ||
| At 31December 2020 | 2,895,579 | 200,000 | 3,095,579 | ||
| The above carrying amounts | are recognised | as | follows: | ||
| Listed | Other | ||||
| investments | investments | Total | |||
| At 31December 2021 | |||||
| Held at fair value | 3,330,062 | 3,330,062 | |||
| Held at historical cost less impairment | 200,000 | 200,000 | |||
| At 31December 2020 | |||||
| Held at fair value | 2,895,579 | 2,895,579 | |||
| Held at historical cost less impairment | 200,000 | 200,000 |
| 17. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Prepayments | and accrued income | 2,073 | 2,009 | |||
| Other debtors | 10,319 | 1,397 | ||||
| 12,392 | 3,406 | |||||
| 18. | Creditors: amounts | falling due within | one year | |||
| 2021 | 2020 | |||||
| Accruals and | deferred | income | 4,874 | 7,819 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1Jan | Gains and | 31Dec | |||||
| 2021 | Income | Expenditure | Transfers | losses | 2021 | ||
| General funds | 346,440 | 58,140 | (129,125) | 275,455 | |||
| Capital fund | 2,895,579 | 434,483 | 3,330,062 | ||||
| Building | fund | 338,960 | (12,542) | 326,418 | |||
| Other | |||||||
| designated | fund | 384,833 | (7,649) | 377,184 | |||
| 3,965,812 | 58,140 | (149,316) | 434,483 | 4,309,119 | |||
| At | At | ||||||
| 1 Jan | Gains and | 31Dec | |||||
| 2020 | Income | Expenditure | Transfers | losses | 2020 | ||
| General funds | 311,759 | 83,351 | (106,427) | 57,757 | 346,440 | ||
| Capital fund | 2,737,343 | (60,000) | 218,236 | 2,895,579 | |||
| Building | fund | 349,474 | (12,757) | 2,243 | 338,960 | ||
| Other | |||||||
| designated | fund | 392,482 | (7,649) | 384,833 | |||
| 3,791,058 | 83,351 | (126,833) | 218,236 | 3,965,812 |
| Endowment fu |
nds | ||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| I | Jan | Gains and | 31Dec | ||||
| 2021 | Income | Expenditure | Transfers | losses | 2021 | ||
| Expendable | |||||||
| Endowment | |||||||
| Fund | 25,086 | (784) | 24,302 | ||||
| At | At | ||||||
| I | Jan | Gains and | 31Dec | ||||
| 2020 | Income | Expenditure | Transfers | losses | 2020 | ||
| E | |||||||
| Expendable | |||||||
| Endowment | |||||||
| Fund | 25,870 | (784) | 25,086 |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Total | ||||
| Unrestricted | Endowment | Funds | ||
| Funds | Funds | 2021 | ||
| Tangible fixed assets | 578,846 | 24,302 | 603,148 | |
| Investments | 3,530,062 | 3,530,062 | ||
| Current assets | 205,085 | 205,085 | ||
| Creditors less than | I year | (4,874) | (4,874) | |
| Net assets | 4,309,119 | 24,302 | 4,333,421 | |
| Total | ||||
| Unrestricted | Endowment | Funds | ||
| Funds | Funds | 2020 | ||
| Tangible fixed assets | 599,229 | 25,086 | 624,315 | |
| Investments | 3,095,579 | 3,095,579 | ||
| Current assets | 278,823 | 278,823 | ||
| Creditors less than | 1year | (7,819) | (7,819) | |
| Net assets | 3,965,812 | 25,086 | 3,990,898 |
| 2021 | 2020 | |
|---|---|---|
| g | ||
| Income and endowments | ||
| Donations and legacies |
||
| Nuns income | 48,139 | 26,849 |
| Donations | 730 | 1,554 |
| Miscellaneous | 305 | |
| 49,174 | 28,403 | |
| Charitable activities |
||
| Income irom visitors to the Retreat House | 210 | 1,028 |
| Other trading activities | ||
| Wayleaves | 45 | 45 |
| Sundry income - solar | 1,684 | 1,706 |
| Industries income |
62 | |
| 1,729 | 1,813 | |
| Investment income |
||
| Other interest receivable | 7,027 | 52,107 |
| Total income | 58,140 | 83,351 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Expenditure | |||||
| Expenditure on charitable |
activities | ||||
| Legal and professional | fees | 2,529 | 450 | ||
| Depreciation | 21,167 | 21,370 | |||
| Impairment | 13 | ||||
| Grants paid | 14,201 | 11,543 | |||
| Church expenses | 10,837 | 10,504 | |||
| Bank expenses | 183 | 195 | |||
| Cleaning | 8,337 | 8,489 | |||
| Rates and water | 5,327 | 4,886 | |||
| Light and heat | 10,694 | 12,732 | |||
| Repairs and maintenance | 40,038 | 27,404 | |||
| Insurance | 2,485 | 1,546 | |||
| Sundries | 7,581 | 3,762 | |||
| Travel expenses | 944 | 620 | |||
| Household provisions |
19,271 | 17,430 | |||
| Medical costs | 2,087 | 2,052 | |||
| Postage, telephone, books | and stationery | 2,559 | 2,721 | ||
| Independent examination |
and accountancy | 1,860 | 1,900 | ||
| 150,100 | 127,617 | ||||
| Total expenditure | 150,100 | 127,617 | |||
| Net gains on investments | |||||
| Gains/posses) on listed |
investments | 434,483 | 218,236 | ||
| Net income | 342,523 | 173,970 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| K | |||||
| Expenditure on charitable |
activities | ||||
| Charitable activities |
|||||
| Activities undertaken | directly | ||||
| Depreciation | 20,383 | 20,586 | |||
| Loss on asset | 13 | ||||
| Church expenses | 10,837 | 10,504 | |||
| Bank expenses | 183 | 195 | |||
| Cleaning | 8,337 | 8,489 | |||
| Rates and water | 3,515 | 3,051 | |||
| Light and heat | 9,204 | 11,145 | |||
| Repairs and maintenance | 36,044 | 25,516 | |||
| Insurance | 2,189 | 1,318 | |||
| Sundries | 6,768 | 3,344 | |||
| Travel expenses | 944 | 620 | |||
| Household provisions |
19,271 | 17,430 | |||
| Medical costs | 2,087 | 2,052 | |||
| Postage, telephone, | books and stationery | 2,055 | 2,381 | ||
| 121,817 | 106,644 | ||||
| Emmaus retreat house | |||||
| Activities undertaken | directly | ||||
| Depreciation | 784 | 784 | |||
| Rates and water | 1,812 | 1,835 | |||
| Light and heat | 1,490 | 1,587 | |||
| Repairs and maintenance | 3,994 | 1,888 | |||
| Insurance | 296 | 228 | |||
| Sundries | 813 | 418 | |||
| Telephone | 504 | 340 | |||
| 9,693 | 7,080 |
| 2021 | 2020 | ||
|---|---|---|---|
| Grants payable | |||
| Grant funding activities |
|||
| Grant charitable activity - Grants paid |
14,201 | 11,543 | |
| Support costs | |||
| Activilies undertaken directly |
|||
| Legal and professional fees |
2,529 | 450 | |
| Independent examination and accountancy |
1,860 | 1,900 | |
| 4,389 | 2,350 | ||
| Expenditure on charitable |
activities | 150,100 | 127,617 |