2022-03-31-accounts

		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	14-28

Reference	and administrative	details
Charity name:			Society ofthe	Sacred Cross
Charity number:			1135334
Company	number:		07198198
Secretary			Kirstie Jane Pops
Trustees:			Elizabeth Allen-Williams
			Katharine Ann	Hall
			Rosalind Mary	Hawken
			Peter Evans Lea
			Vivienne Morgan - appointed		4/1 0/21
Registered	office:		Ty-Mawr Convent
			LydaA
			Monmouth
			Gwent
			NP25 4RN
Independentexaminers:			Azets Audit Services
			6Agincourt Street
			Monmouth
			NP25 3DZ
Bankers:			NatWest Bank	PLC
			9 High Street
			Abergavenny
			NP7 5SA
Investment	managment:		Investec
			30Gresham Street
			London
			EC2V 7QP
Solicitors			Charles Russell Speechlys
			5 Fleet Place
			London
			EC4M 7RD

				Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total
				funds	funds		funds	funds
			Notes	2022 f	2022f	2022	2021 8	2021 6	2021 8
Donations and	legacies		3	56,696	780	57,476	44,839	1,475	46,314
Charitable activities			4	39,132		39,132	298,502	844	299,346
Investments			5	30,357		30,357	22,438		22,438
Other income			6	231		231	4,078		4,078
Total income				126,416	780	127,196	369,857	2,319	372,176
Emtgttiitgraug;
Raising funds			7	14,728		14,728	12,018		12,018
Charitable activities			8	212,289	2,059	214,348	210,528	1,244	211,772
Total expenditure				227,017	2,059	229,076	222,546	1,244	223,790
Net gains/(losses)		on
investments			12	80,856		80,856	112,028		112,028
Net (outgoing)/incoming
resources before		transfers		(19,745)	(1,279)	(21,024)	259,339	1,075	260,414
Gross transfers
between funds				302	(302)
Net movement	in	funds		(19,443)	(1,581)	(21,024)	259,339	1,075	260,414
Fund balances	at 1April		2021	3,770,749	8,827	3,779,576	3,511,410	7,752	3,519,162
Fund balances	at	31 INarch
2022				3,751,306	7,246	3,758,552	3,770,749	8,827	3,779,576

				2022		2021
			Notes	6
Fixed assets
Tangible assets			13		1,868,725		1,894,684
Investments			14		1,227,683		1,026,556
					3,096,408		2,921,240
Current assets
Debtors			16	11,420		6,059
Cash at bank and in	hand			659,921		865,127
				671,341		871,186
Creditors: amounts	falling	due within
one year			17	(9,197)		(12,850)
Net current assets					662,144		858,336
Total assets less current		liabilities			3,758,552		3,779,576
Income funds
Restricted funds			19		7,246		8,827
ll0(gatrrl~fnd
Designated funds			20	1,868,725		1,894,684
General unrestricted	funds			1,882,581		1,876,065
					3,751,306		3,770,749
					3,758,552		3,779,576

Unrestricted	Unrestricted
funds	funds
2022	2021
6	8
30,357	22,438

Unrestricted	Unrestricted
funds	funds
2022	2021
8
231	4,078

						Unrestricted	Unrestricted
						funds	funds
						2022	2021
						6	f
	Investment		man	ament		14,728	12,018
						14,728	12,018
8	Charitable		activities
						2022	2021
						6	6
	Staff costs					52,428	62,133
	Depreciation		and	impairment		42,539	39,725
	Sundries	and chapel			expenses	9,975	8,298
	Cleaning					1,975	1,878
	Formation	costs				5,992
	Domestic	food				16,117	13,818
	Equipment		and maintenance			14,059	12,025
	Insurance					15,956	14,455
	Light and	heat				22,942	18,347
	Rates					10,189	9,638
	Repairs					4,846	11,517
	Alms					2,550	6,000
	Gardens					2,860	3,109
						202,428	200,943
	Share ofsupport costs (see note 9)					6,905	5,529
	Share ofgovernance				costs (see note 9)	5,015	5,300
						214,348	211,772
	Analysis	by fund
	Unrestricted		funds			212,289	210,528
	Restricted	funds				2,059	1,244
						214,348	211,772

9	Support costs	Support costs
					Support	Governance	2022	2021	Basis of
					costa	costs			allocation
					8	6	6	6
	Travel costs				1,465		1,465	342	Direct
	Postage,	printing	and	stationery	2,979		2,979	3,092	Direct
	Training				239		239	20	Direct
	Telephone	costs			2,222		2,222	2,075	Direct
	Legal and	professional		fees		5,015	5,015	5,300	Governance
					6,905	5,015	11,920	10,829
	Analysed	between
	Charitable	activities			6,905	5,015	11,920	10,829

The average	monthly number ofemployees during t	he year was:
		2022	2021
		Number	Number
Employment	costs	2022 8	2021 8
Wages and salaries		51,067	60,412
Other pension costs		1,361	1,721
		52,428	62,133

							Unrestricted	Unrestricted
							funds	funds
							2022	2021
							6	F
Revaluation		of	investments				71,285	92,345
Gain/(loss)	on		sale ofinvestments				9,571	19,683
							80,856	112,028
Tangible	fixed		assets
					Freehold land	Plant and	Motor vehicles	Total
					and buildings	machinery
					and
					improvements
Cost
At 1 April	2021				1,913,247	149,812	6,100	2,069,159
Additions						16,580		16,580
At 31 March		2022			1,913,247	166,392	6,100	2,085,739
Depreciation			and impairment
At 1April	2021				48,870	119,505	6,100	174,475
Depreciation		charged		in the year	28,734	13,805		42,539
At 31 March		2022			77,604	133,310	6,100	217,014
Carrying	amount
At 31 March		2022			1,835,643	33,082		1,868,725
At 31 March		2021			1,864,377	30,307		1,894,684

14	Fixed asset investme	nts
				Listed	Cash in	Total
				investments f	portfolio
	Cost or valuation
	At 1 April 2021			1,024,496	2,060	1,026,556
	Additions			154,296		154,296
	Valuation changes			80,856		80,856
	Cash movement				68	68
	Disposals			(34,093)		(34,093)
	At 31 March 2022			1,225,555	2,128	1,227,683
	Carrying amount
	At 31 March 2022			1,225,555	2,128	1,227,683
	At 31 March 2021			1,024,496	2,060	1,026,556
15	Financial instruments				2022	2021
					f	f
	Carrying amount of	financial assets
	Instruments measured	at fair value through	profit or loss		1,227,683	1,026,556
16	Debtors
	Amounts falling due	within one year:			2022f	2021
	Other debtors				9,608	5,338
	Prepayments and accrued income				1,812	721
					11,420	6,059
17	Creditors: amounts	falling due within one year
					2022	2021
					f	f
	Other taxation and social security				1,342	2,039
	Trade creditors				1,275	5,763
	Accruals and deferred	income			6,580	5,048
					9,197	12,850

	Balance at	Resources	Transfers	Balance at	Resources	Transfers	Balance at
	1April 2020	expended		1April 2021	expended		21 slarch 2022
	6		6		6	6	6
Fixed asset
fund	969,389	(39,725)	94,620	1,024,284	(42,539)	16,580	998,325
Fixed asset
revaluation
fund	870,400			870,400			870,400
	1,839,789	(39,725)	94,620	1,894,684	(42,539)	16,580	1,868,725