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|||Page|
|---|---|---|
|Trustees'|annual report||
|Independent<br>examiner's<br>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|





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|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||



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|Year ended 31Dec|ember|2021|||||||
|---|---|---|---|---|---|---|---|---|
|||||||2021||2020|
|||||Unrestricted||Endowment|Total|Total|
||||||funds|funds|funds|funds|
|||||Note||8|||
|Income and endowments|||||||||
|Donations<br>aud legacies||||4|49,174||49,174|28,403|
|Charitable<br>activities||||5|210||210|1,028|
|Other trading activities||||6|1,729||1,729|1,813|
|Investment<br>income||||7|7,027||7,027|52,107|
|Total income|||||58,140||58,140|83,351|
|Expenditure|||||||||
|Expenditure<br>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|





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|Fl~ assets||||
|---|---|---|---|
|Tangible fixed assets<br>lanes~|15<br>f6|603,148<br>3.630,662|624,315<br>3,095,579|
||f7|12,392|3„4%|
|||192,693|275,417|
|||20$,085|278,823|
|Creditorst<br>atnoanta falfiag dae srithin. ene year<br>Net current~|18|4,874<br>200211|7,819<br>271,%4|
|Total assets less current tiahgittes||||
|%etassets||4@33,421|3,99tl,SN|






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|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|



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||||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|



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|Expenditu|re<br>on charitable<br>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|





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|Expenditure<br>on charitable<br>a|ctivities by activity|type|||
|---|---|---|---|---|
||Activities|Grant|Total|Total|
||undertaken|funding of|funds|Funds|
||directly|activities|2021|2020|
|Charitable<br>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|



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|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|



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|2021|2020|
|---|---|
|21,167|21,370|





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|Independent|examination<br>fees||||
|---|---|---|---|---|
||||2021|2020|
|Fees payable|to the independent|examiner for:|||
|Independent|examination ofthe|financial statements|1,860|1,900|



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|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<br>amount|||||
|At 31December 2021|595,989|6,914|245|603,148|
|At 31December 2020|615,719|8,159|437|624,315|





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|Investments||||||
|---|---|---|---|---|---|
||||Listed|Other||
||||investments|investments|Total|
|Cost orvaluation||||||
|At I January 2021|||2,895,579|200,000|3,095,579|
|Additions||||||
|Net unrealised<br>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<br>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|



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|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|



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|||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|





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|Endowment<br>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|





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|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|



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||2021|2020|
|---|---|---|
||g||
|Income and endowments|||
|Donations<br>and legacies|||
|Nuns income|48,139|26,849|
|Donations|730|1,554|
|Miscellaneous|305||
||49,174|28,403|
|Charitable<br>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<br>income||62|
||1,729|1,813|
|Investment<br>income|||
|Other interest receivable|7,027|52,107|
|Total income|58,140|83,351|





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|||||2021|2020|
|---|---|---|---|---|---|
|Expenditure||||||
|Expenditure<br>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<br>provisions||||19,271|17,430|
|Medical costs||||2,087|2,052|
|Postage, telephone, books||and stationery||2,559|2,721|
|Independent<br>examination||and accountancy||1,860|1,900|
|||||150,100|127,617|
|Total expenditure||||150,100|127,617|
|Net gains on investments||||||
|Gains/posses)<br>on listed|investments|||434,483|218,236|
|Net income||||342,523|173,970|





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|||||2021|2020|
|---|---|---|---|---|---|
|||||K||
|Expenditure<br>on charitable|||activities|||
|Charitable<br>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<br>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|





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|||2021|2020|
|---|---|---|---|
|Grants payable||||
|Grant funding<br>activities||||
|Grant charitable<br>activity - Grants paid||14,201|11,543|
|Support costs||||
|Activilies undertaken<br>directly||||
|Legal and professional<br>fees||2,529|450|
|Independent<br>examination<br>and accountancy||1,860|1,900|
|||4,389|2,350|
|Expenditure<br>on charitable|activities|150,100|127,617|