| Page | |
|---|---|
| Trustees' annual report | |
| Independent examiner's report to the hustees |
|
| Statement offinancial activities | |
| Statement offinancial position | |
| Notes to the financial statements |
|
| The following pages do not form part ofthe financial statements | |
| Detailed statement offinancial activifies | 21 |
| Notes to the detailed statement offinancial acfivities | 23 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | |||||
| funds | funds | Total funds | Total funds | |||
| Note | ||||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 23,376 | 23,376 | 49,174 | ||
| Charitable activities |
5 | 1,897 | 1,897 | 210 | ||
| Other trading activities | 6 | 1364 | 1,364 | 1,729 | ||
| Investment income |
7 | 4,101 | 4,101 | 7,027 | ||
| Total income | 30,738 | 30,738 | 58,140 | |||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 8,9 | 138,390 | 784 | 139,174 | 150,100 |
| Total expenditure | 138,390 | 784 | 139,174 | 150,100 | ||
| Net (losses)/gains on investments |
11 | 250,012 | 250,012 | (434,483) | ||
| Net (expenditure)/income | and net | |||||
| movement in funds |
(357,664) | (784) | (358,448) | 342,523 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
4,309,119 | 24,302 | 4,333,421 | 3,990,898 | ||
| Total funds carried forward | 3,951,455 | 23,518 | 3,974,973 | 4,333,421 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets Investments |
15 16 |
582,680 3,180,050 |
603,148 3,530,062 |
|||
| 3,762,730 | 4,133,210 | |||||
| Current assets | ||||||
| Debtors Cash at bank |
and in hand | 17 | 20,827 199,437 |
12,392 192,693 |
||
| 220,264 | 205,085 | |||||
| Creditors: amounts | falling due within one year | 18 | 8,021 | 4,874 | ||
| Net current | assets | 212,243 | 200,211 | |||
| Total assets | less current | liabiTities | 3,974,973 | 4,333,421 | ||
| Net assets | 3,974,973 | 4,333,421 | ||||
| Funds ofthe charity | ||||||
| Endowment funds Unrestricted funds |
23,518 3,951,455 |
24,302 4,309,119 |
||||
| Total charity | funds | 19 | 3,974,973 | 4,333,421 |
| Donations | and legacies | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Funds | Unrestricted | Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Donations | |||||
| Nuns income | 22,741 | 22,741 | 48,139 | 48,139 | |
| Donations | 595 | 595 | 730 | 730 | |
| Miscellaneous | 40 | 40 | 305 | 305 | |
| 23,376 | 23,376 | 49,174 | 49,174 | ||
| Charitable | activities | ||||
| Total | Total | ||||
| Unrestricted | Funds | Unresnicted | Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Income from visitors to the Retreat | |||||
| House | 1,897 | 1,897 | 210 | 210 |
| Other trading activities | ||||
|---|---|---|---|---|
| Total | Total | |||
| Unrestricted | Funds | Unrestricted | Funds | |
| Funds | 2022 | Funds | 2021 | |
| f. | ||||
| Wayleaves | 45 | 45 | 45 | 45 |
| Sundry income - solar | 1,319 | 1,319 | 1,684 | 1,684 |
| 1,364 | 1,364 | 1,729 | 1,729 |
| Unrestricted | Total | Unrestricted | Total | Funds | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds | 2021 | ||||
| 8 | ||||||||
| Other | interest | receivable | 4,101 | 4,101 | 7,027 | 7,027 |
| Expenditu | re on charitable activiti |
es by fund type | ||
|---|---|---|---|---|
| Total | ||||
| Unresnicted | Endowment | Funds | ||
| Funds | Funds | 2022 | ||
| Charitable | activities | 115,267 | 115,267 | |
| Emmaus retreat house Grants payable |
5,733 15,358 |
784 | 6,517 15,358 |
|
| Support costs | 2,032 | 2,032 | ||
| 138,390 | 784 | 139,174 |
| Total | ||||
|---|---|---|---|---|
| Unrestricted | Endowment | Funds | ||
| Funds | Funds | 2021 | ||
| Charitable | activities | 121,817 | 121,817 | |
| Emmaus retreat house Grants payable |
8,909 14,201 |
784 | 9,693 14,201 |
|
| Support costs | 4,389 | 4,389 | ||
| 149,316 | 784 | 150,100 |
| Expenditure |
on c | harita | ble activities by activity |
type | |||
|---|---|---|---|---|---|---|---|
| Activities | Grant | Total | Total | ||||
| undertaken | funding of | funds | fund | ||||
| directly | activities | 2022 | 2021 | ||||
| Charitable activities |
115,267 | 115,267 | 121,817 | ||||
| Emmaus retreat house | 6,517 | 6,517 | 9,693 | ||||
| Grants payable | 15,358 | 15,358 | 14,201 | ||||
| Support costs | 2,032 | 2,032 | 4,389 | ||||
| 123,816 | 15,358 | 139,174 | 150,100 | ||||
| Analysis ofgrants | |||||||
| 2022 | 2021 | ||||||
| Grants to institutions | |||||||
| Animal welfare | 3,959 | 3,723 | |||||
| Elderly support | 1,200 | 1,200 | |||||
| Overseas aid | 3,495 | 2,521 | |||||
| Children | 2,354 | 2,726 | |||||
| Medical | 1,541 | 1,301 | |||||
| Other | 2,809 | 2,730 | |||||
| 15,358 | 14,201 | ||||||
| Total grants | 15,358 | 14,201 | |||||
| Net (losses)/gains | on investments | ||||||
| Total | Total | ||||||
| Unrestricted | Funds | Unrestricted | Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| K | |||||||
| Gains/(losses) | on listed | ||||||
| investmeuts | (250,012) | (250,012) | 434,483 | 434,483 | |||
| Net (expenditure)/income | |||||||
| Net (expenditure)/income | is stated after charging/(crediting): | ||||||
| 2022 | 2021 | ||||||
| Depreciation oftangible | fixed assets | 20,980 | 21,167 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Fees payable | to the independent | examiner | for: | ||
| Independent | examination ofthe | financial | statements | 2,030 | 1,860 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | aild | |||
| property | fittings | Equipment | Total | |
| Cost | ||||
| At 1 January 2022 Additions |
1,181,598 | 126,961 678 |
8,223 | 1,316,782 678 |
| Disposals | (230) | (230) | ||
| At 31December 2022 | 1,181,598 | 127,409 | 8,223 | 1,317,230 |
| Depreciation | ||||
| At 1January 2022 Charge for the year Disposals |
585,609 19,730 |
120,047 1,124 (64) |
7,978 126 |
713,634 20,980 (64) |
| At 31December 2022 | 605,339 | 121,107 | 8,104 | 734,550 |
| Carrying amount |
||||
| At31December 2022 | 576,259 | 6,302 | 119 | 582,680 |
| At 31December 2021 | 595,989 | 6,914 | 245 | 603,148 |
| Listed | Other | |||
|---|---|---|---|---|
| investments | investments | Total | ||
| Cost or valuation | ||||
| At 1 January 2022 Additions |
3,330,062 | 200,000 | 3,530,062 | |
| Disposals Net unrealised gains on investments |
(250,012) (100,000) |
(100,000) (250,012) |
||
| At 31December 2022 | 3,080,050 | 100,000 | 3,180,050 | |
| Impairment | ||||
| At 1January 2022 and 31 | December 2022 | |||
| Carrying amount | ||||
| At 31December 2022 | 3,080,050 | 100,000 | 3,180,050 | |
| At 31December 2021 | 3,330,062 | 200,000 | 3,530,062 | |
| The above carrying amounts |
are recognised as | follows: | ||
| Listed | Other | |||
| investments | investments | Total | ||
| At 31December 2022 | ||||
| Held at fair value Held at historical cost less impairment |
3,080,050 | 100,000 | 3,080,050 100,000 |
|
| At 31December 2021 | ||||
| Held at fair value Held at historical cost less impairment |
3,330,062 | 200,000 | 3,330,062 200,000 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Prepayments Other debtors |
and accrued income | 2,284 18,543 |
2,073 10,319 |
||
| 20,827 | 12,392 | ||||
| 18, | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| Accruals and | deferred | income | 8,021 | 4,874 |
| At | At 31 | |||||
|---|---|---|---|---|---|---|
| I January | Gains and | December | ||||
| 2022 | Income | Expenditure | losses | 2022 | ||
| General funds | 275,455 | 30,738 | (118,831) | 187,362 | ||
| Capital fund | 3,330,062 | (250,012) | 3,080,050 | |||
| Building fund | 326,418 | (11,910) | 314,508 | |||
| Other designated | fund | 377,184 | (7,649) | 369,535 | ||
| 4,309,119 | 30,738 | (138,390) | (250,012) | 3,951,455 | ||
| At | At 31 | |||||
| 1 January | Gains and | December | ||||
| 2021 | Income | Expenditure | 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 |
| Endowment | funds | ||||||
|---|---|---|---|---|---|---|---|
| At | At 31 | ||||||
| 1 | January | Gains and | December | ||||
| 2022 | Income | Expenditure | losses | 2022 | |||
| Expendable | |||||||
| Endowment | Fund | 24,302 | (784) | — | 23,518 | ||
| At | At 31 | ||||||
| 1 | January | Gains and | December | ||||
| 2021 | Income | Expenditure | losses | 2021 | |||
| Expendable | |||||||
| Endowment | Fund | 25,086 | (784) | — | 24,302 |
| Total | |||
|---|---|---|---|
| Unrestricted | Endowment | Funds | |
| Funds | Funds | 2022 | |
| Tangible fixed assets | 559,162 | 23,518 | 582,680 |
| Investments | 3,180,050 | 3,180,050 | |
| Current assets | 220,264 | 220,264 | |
| Creditors less than I year | (8,021) | (8,021) | |
| Net assets | 3,951,455 | 23,518 | 3,974,973 |
| 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 |
| 2022 | 2021 | |
|---|---|---|
| Income and endowments | ||
| Donations and legacies |
||
| Nuns income Donations |
22,741 595 |
48,139 730 |
| Miscellaneous | 40 | 305 |
| 23,376 | 49,174 | |
| Charitable activities |
||
| Income &orn visitors to the Retreat House | 1,897 | 210 |
| Other trading activities | ||
| Wayleaves | 45 | 45 |
| Sundry income - solar | 1,319 | 1,684 |
| 1,364 | 1,729 | |
| Investment income |
||
| Other interest receivable | 4,101 | 7,027 |
| Total income | 30,738 | 58,140 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Expenditure | ||||||
| Expenditure on charitable |
activities | |||||
| Legal and professional | fees | 2,529 | ||||
| Depreciation | 20,980 | 21,167 | ||||
| Impairment | 66 | |||||
| Grants paid | 15,358 | 14,201 | ||||
| Church expenses | 10,690 | 10,837 | ||||
| Bank expenses | 164 | 183 | ||||
| Cleaning | 8,287 | 8,337 | ||||
| Rates and water | 5,241 | 5,327 | ||||
| Light and heat | 11,505 | 10,694 | ||||
| Repairs and maintenance | 26,317 | 40,038 | ||||
| Insurance | 2,555 | 2,485 | ||||
| Sundries | 4,668 | 7,581 | ||||
| Travel expenses | 1,749 | 944 | ||||
| Household provisions |
18,541 | 19,271 | ||||
| Medical and care costs | 8,296 | 2,087 | ||||
| Postage, telephone, | books | and stationery | 2,725 | 2,559 | ||
| Independent examination |
and | accountancy | 2,032 | 1,860 | ||
| 139,174 | 150,100 | |||||
| Total expenditure | 139,174 | 150,100 | ||||
| Net (losses)/gains | on investments | |||||
| Gains/(losses) on listed investments |
250,012 | 434,483 | ||||
| Net (expenditure)/income | 358,448 | 342,523 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Expenditure on charitable |
activities | |||
| Charitable activities |
||||
| Activities undertaken | directly | |||
| Depreciation Loss on asset |
20,196 66 |
20,383 | ||
| Church expenses Bank expenses |
10,690 164 |
10,837 183 |
||
| Cleaning Rates and water Light and heat Repairs and maintenance Insurance Sundries Travel expenses |
8,287 3,364 10,064 25,780 2,255 3,594 1,245 |
8,337 3,515 9,204 36,044 2,189 6,768 944 |
||
| Household provisions Medical and care costs |
18,541 8,296 |
19,271 2,087 |
||
| Postage, telephone, books and stationery |
2,725 | 2,055 | ||
| 115,267 | 121,817 | |||
| Emmaus retreat house | ||||
| Activities undertaken | directly | |||
| Depreciation | 784 | 784 | ||
| Rates and water Light and heat Repairs and maintenance |
1,877 1,441 537 |
1,812 1,490 3,994 |
||
| Insurance | 300 | 296 | ||
| Sundries | 1,074 | 813 | ||
| Telephone | 504 | |||
| Telephone | 504 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Brought forward | 6,517 | 9,693 | ||||
| 6,517 | 9,693 | |||||
| Grants payable | ||||||
| Grant fending act'ivities |
||||||
| Grant charitable | activity | - Grants paid | 15,358 | 14,201 | ||
| Support costs | ||||||
| Activities undertaken | directly | |||||
| Legal and professional fees Independent examination and accountancy |
2,032 | 2,529 1,860 |
||||
| 2,032 | 4,389 | |||||
| Expenditure on |
charitable | activities | 139,174 | 150,100 |