| Page | ||
|---|---|---|
| Trustees report | 1-8 | |
| Statement oftrustees | responsibilities | |
| Independent examiner's report |
10 | |
| Statement offinancial | activities | |
| Balance sheet | 12-13 | |
| Notes to the financial | statements | 14-27 |
| Charity | name: | name: | name: | Society ofthe Sacred Cross | Society ofthe Sacred Cross |
|---|---|---|---|---|---|
| Charity | number: | 1135334 | |||
| Company | number: | 07198198 | |||
| Secretary | Kirstie Jane Pope | ||||
| Trustees: | Elizabeth Allen-Williams | ||||
| Katharine Ann | Hall | ||||
| Rosalind Mary |
Hawken | ||||
| Peter Evans Lea | |||||
| Registered | offic: | Ty-Mawr Convent | |||
| Lydart | |||||
| Monmouth | |||||
| Gwsnt | |||||
| NP25 4RN | |||||
| Independent | examiners: | Azets Audit Services | |||
| 6Agincourt Street | |||||
| Monmouth | |||||
| NP25 3DZ | |||||
| Architect | and surveyor: | The Hook Mason Partnership | |||
| Studio 2, Thorn Office Centre | |||||
| Rotherwas | |||||
| Hereford | |||||
| HR2 6JT | |||||
| Bankers: | NatWest Bank | PLC | |||
| 9 High Street | |||||
| Abergavenny | |||||
| NP7 5SA | |||||
| Investment | managment: | Investee | |||
| 30Gresham Street |
|||||
| London | |||||
| EC2V 7QP |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||||
| Notes | 6 | 8 | 6 | 8 | |||||
| In erne and endowments | from. | ||||||||
| Donations and legacies |
44,839 | 1,475 | 46,314 | 79,510 | 300 | 79,810 | |||
| Charitable activities |
298,502 | 844 | 299,346 | 24,493 | 7,450 | 31,943 | |||
| Investments | 22,438 | 22,438 | 36,970 | 36,970 | |||||
| Other income | 4,078 | 4,078 | 3,096 | 3,096 | |||||
| Total income | 369,857 | 2,319 | 372,176 | 144,069 | 7,750 | 151,819 | |||
| Raising funds | 7 | 12,018 | 12,018 | 12,897 | 12,897 | ||||
| Charitable activities |
8 | 210,528 | 1,244 | 211,772 | 188,586 | 200 | 188,788 | ||
| Other | 12 | 1,119 | 1,119 | ||||||
| Total resources | |||||||||
| expended | 222,546 | 1,244 | 223,790 | 202,602 | 200 | 202,802 | |||
| Net gains/(losses) | on | ||||||||
| investments | 13 | 112,028 | 112,028 | (49,002) | (49,002) | ||||
| Gross transfers | |||||||||
| between funds |
100 | (100) | |||||||
| Net movement | in | funds | 259,339 | 1,075 | 260,414 | (107,435) | 7,450 | (99,985) | |
| Fund balances at 1 | |||||||||
| April 2020 | 3,511,410 | 7,752 | 3,519,182 | 3,618,845 | 302 | 3,619,147 | |||
| Fund balances | at | 31 | |||||||
| March 2021 | 3,770,749 | 8,827 | 3,779,576 | 3,511,410 | 7,752 | 3,519,162 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | F. | f. | ||||
| Fixed assets | ||||||
| Tangible assets | 14 | 1,894,684 | 1,839,789 | |||
| Investments | 15 | 1,026,556 | 926,548 | |||
| 2,921,240 | 2,766,337 | |||||
| Current assets | ||||||
| Debtors | 17 | 6,059 | 10,387 | |||
| Cash at bank and in | hand | 865,127 | 759,139 | |||
| 871,186 | 769,526 | |||||
| Creditors: amounts | falling due within | |||||
| one year | 18 | (12,850) | (16,701) | |||
| Net current assets | 858,336 | 752,825 | ||||
| Total assets less current liabilities | 3,779,576 | 3,519,162 | ||||
| Income funds | ||||||
| Restricted funds | 20 | 8,827 | 7,752 | |||
| ~Unrestr'gtctLfiuKla | ||||||
| Designated funds |
21 | 1,894,684 | 1,839,789 | |||
| General unrestricted |
funds | 1,876,065 | 1,671,621 | |||
| 3,770,749 | 3,511,410 | |||||
| 3,779,576 | 3,519,162 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| 8 | 5 | 5 | f | ||||
| Donations | and gifts | 42,274 | 1,475 | 43,749 | 79,310 | 300 | 79,610 |
| Legacies receivable | 2,565 | 2,565 | 200 | 200 | |||
| 44,839 | 1,475 | 46,314 | 79,510 | 300 | 79,810 | ||
| Donations | and gifts | ||||||
| Donations | 21,261 | 1,075 | 22,336 | 55,072 | 100 | 55,172 | |
| Gift aid | 21,013 | 400 | 21,413 | 23,278 | 23,278 | ||
| GASD | 1,160 | 1,160 | |||||
| Other | (200) | 200 | |||||
| 42,274 | 1,475 | 43,749 | 79,310 | 300 | 79,610 |
| Unrestricted Unrestricted |
Unrestricted Unrestricted |
funds | |||||
|---|---|---|---|---|---|---|---|
| funds | |||||||
| 2021 | 2020 | ||||||
| 5 | 5 | ||||||
| Community | member | contributions | 298,502 | 31,943 | |||
| HMRC | Coronavirus | Job Retention Scheme | 844 | ||||
| 299,346 | 31,943 | ||||||
| Analysis | by | fund | |||||
| Unrestricted | funds | 298,502 | 24,493 | ||||
| Restricted funds | 844 | 7,450 | |||||
| 299,346 | 31,943 | ||||||
| 5 | Investments | ||||||
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| 2021 | 2020 | ||||||
| 5 | |||||||
| Investment | income | 22,438 | 36,970 | ||||
| 6 | Other income | ||||||
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| 2021 | 2020 | ||||||
| 5 | f | ||||||
| Other income | 4,078 | 3,096 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| 6 | |||||
| Investment | mana | ment | 12,018 | 12,897 | |
| 12,018 | 12,897 | ||||
| Charitable | activities | ||||
| 2021 | 2020 | ||||
| E | 8 | ||||
| Staff costs | 62,133 | 36,450 | |||
| Depreciation | and impairment | 39,725 | 30,135 | ||
| Sundries and chapel | expenses | 8,298 | 14,679 | ||
| Cleaning | 1,878 | 1,442 | |||
| Conferences | 2,591 | ||||
| Domestic | food | 13,818 | 14,089 | ||
| Equipment | and maintenance | 12,025 | 7,772 | ||
| Farm repaim and expenses | 1,810 | ||||
| Holidays | 577 | ||||
| Insurance | 14,455 | 13,954 | |||
| Light and | heat | 18,347 | 21,185 | ||
| Rates | 9,638 | 9,603 | |||
| Repairs | 11,517 | 5,314 | |||
| Alms | 6,000 | 3,750 | |||
| Gardens | 3,109 | 4,272 | |||
| 200,943 | 167,623 | ||||
| Share ofsupport costs (see note 9) | 5,529 | 8,346 | |||
| Share ofgovernance | costs (see note 9) | 5,300 | 12,817 | ||
| 211,772 | 188,786 | ||||
| Analysis | by fund | ||||
| Unrestricted | funds | 210,528 | 188,586 | ||
| Restricted | funds | 1,244 | 200 | ||
| 211,772 | 188,786 |
| Support | costs | |||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | 2020 | Basis of | ||||
| costs | costa | allocation | ||||||
| 6 | 6 | |||||||
| Travel costs | 342 | 342 | 1,633 | Direct | ||||
| Postage, | printing | and | stationery | 3,092 | 3,092 | 2,802 | Direct | |
| Training | 20 | 20 | 1,964 | Direct | ||||
| Telephone | costs | 2,075 | 2,075 | 1,947 | Direct | |||
| Legal and | professional | fees | 5,300 | 5,300 | 12,817 | Governance | ||
| 5,529 | 5,300 | 10,829 | 21,163 | |||||
| Analysed | between | |||||||
| Charitable | activities | 5,529 | 5,300 | 10,829 | 21,163 |
| 2021 | 2020 | ||
|---|---|---|---|
| Number | Number | ||
| Employment | costs | 2021 | 2020 |
| 6 | |||
| Wages and salaries | 60,412 | 35,440 | |
| Other pension costs | 1,721 | 1,010 | |
| 62,133 | 36,450 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Net | loss | on disposal oftangible fixed assets | 1,119 | |
| 1,119 | ||||
| For | the | year ended $1 March 2020 | 1,119 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2021 | 2020 | |||||
| 6 | F | |||||
| Revaluation | of investments | 92,345 | (66,177) | |||
| Gain/(loss) on sale of |
investments | 19,683 | 17,175 | |||
| 112,028 | (49,002) | |||||
| Tangible fixed assets | ||||||
| Freehold land |
Plant and | Motor vehicles | Total | |||
| and buildings | machinery | |||||
| and | ||||||
| improvements | ||||||
| 8 | E | 8 | ||||
| Cost | ||||||
| At 1April 2020 | 1,827,258 | 141,181 | 6,100 | 1,974,539 | ||
| Additions | 85,989 | 8,631 | 94,620 | |||
| At 31 March | 2021 | 1,913,247 | 149,812 | 6,100 | 2,069,159 | |
| Depreciation | and impairment | |||||
| At 1April 2020 | 20,136 | 109,014 | 5,600 | 134,750 | ||
| Depreciation | charged | in the year | 28,734 | 10,491 | 500 | 39,725 |
| At 31 March | 2021 | 48,870 | 119,505 | 6,100 | 174,475 | |
| Canying amount |
||||||
| At 31 March | 2021 | 1,864,377 | 30,307 | 1,894,684 | ||
| At 31 March | 2020 | 1,807,122 | 32,167 | 500 | 1,839,789 |
| 15 | Fixed asset investments | Fixed asset investments | ||||
|---|---|---|---|---|---|---|
| Listed | Cash in | Total | ||||
| investments | portfolio | |||||
| 6 | ||||||
| Cost or valuation | ||||||
| At 1 April 2020 | 925,084 | 1,464 | 926,548 | |||
| Additions | 30,435 | 30,435 | ||||
| Valuation changes |
112,028 | 112,028 | ||||
| Cash movement | 596 | 596 | ||||
| Disposals | (43,051) | (43,051) | ||||
| At 31 March 2021 | 1,024,496 | 2,060 | 1,026,556 | |||
| Carrying amount |
||||||
| At 31 March 2021 | 1,024,496 | 2,060 | 1,026,556 | |||
| At 31 March 2020 | 925,084 | 1,464 | 926,548 | |||
| 16 | Financial instruments | 2021f | 2020 6 |
|||
| Carrying amount of |
financial assets | |||||
| Instruments measured |
at fair value through | profit or loss | 1,026,556 | 926,548 | ||
| 17 | Debtom | |||||
| 2021 | 2020 | |||||
| Amounts falling due |
within one year: | 6 | 6 | |||
| Other debtors | 5,338 | 9,653 | ||||
| Prepayments and accrued income |
721 | 734 | ||||
| 6,059 | 10,387 | |||||
| 18 | Creditors: amounts | falling due within one year | ||||
| 2021 | 2020 | |||||
| 6 | 8 | |||||
| Other taxation and social security | 2,039 | 456 | ||||
| Trade creditors | 5,763 | 10,179 | ||||
| Accruals and deferred | income | 5,048 | 6,066 | |||
| 12,850 | 16,701 |
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| Balance at | Resources | Transfers | Balance at | Resources | Transfers | Balance at | |
|---|---|---|---|---|---|---|---|
| 1April 2019 | expended | 1 April 2020 | expended | 31 March 2021 | |||
| 8 | 6 | 6 | 6 | 6 | 6 | ||
| Fixed asset | |||||||
| fund | 776,254 | 30,135 | 163,000 | 969,389 | (39,725) | 94,620 | 1,024,284 |
| Fixed asset | |||||||
| revaluation | |||||||
| fund | 870,400 | 870,400 | 870,400 | ||||
| 1,646,654 | 30,135 | 163,000 | 1,839,789 | (39,725) | 94,620 | 1,894,684 |