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|---|---|---|
|Trustees report||1-8|
|Statement oftrustees|responsibilities||
|Independent<br>examiner's<br>report||10|
|Statement offinancial|activities||
|Balance sheet||12-13|
|Notes to the financial|statements|14-28|





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|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<br>Ann|Hall||
||||Rosalind<br>Mary|Hawken||
||||Peter Evans Lea|||
||||Vivienne<br>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|||





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|||||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2022<br>f|2022f|2022|2021<br>8|2021<br>6|2021<br>8|
|Donations<br>and|legacies||3|56,696|780|57,476|44,839|1,475|46,314|
|Charitable<br>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<br>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<br>before||transfers||(19,745)|(1,279)|(21,024)|259,339|1,075|260,414|
|Gross transfers||||||||||
|between<br>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|





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|||||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<br>funds|||19||7,246||8,827|
|ll0(gatrrl~fnd||||||||
|Designated<br>funds|||20|1,868,725||1,894,684||
|General<br>unrestricted|funds|||1,882,581||1,876,065||
||||||3,751,306||3,770,749|
||||||3,758,552||3,779,576|





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



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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2022|2021|
|8||
|231|4,078|





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|||||||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|





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|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||



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





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||||||||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|





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|14|Fixed asset investme|nts|||||
|---|---|---|---|---|---|---|
|||||Listed|Cash in|Total|
|||||investments<br>f|portfolio||
||Cost or valuation||||||
||At 1 April 2021|||1,024,496|2,060|1,026,556|
||Additions|||154,296||154,296|
||Valuation<br>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<br>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<br>amount of|financial assets|||||
||Instruments<br>measured|at fair value through|profit or loss||1,227,683|1,026,556|
|16|Debtors||||||
||Amounts<br>falling due|within one year:|||2022f|2021|
||Other debtors||||9,608|5,338|
||Prepayments<br>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|





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||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|



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