2023-03-31-accounts

		Page
Trustees report		1-6
Statement oftrustees	responsibilities
Independent examiner's report
Statement offinancial	activities
Balance sheet		10
Notes to the financial	statements	11-24

Charity name:	Charity name:	Charity name:	Society ofthe Sacred Cross
Charity number:			1135334
Company	number:		07198198
Secretary			Kirstie Jane Pope
Trustees:			Elizabeth Allen-VNlliams
			Katharine Ann Hall
			Rosalind Mary Hawken
			Peter Evans Lea
			Vivienne Morgan
Registered		offic:	Ty-Mawr Convent
			Lydart
			Monmouth
			Gwent
			NP25 4RN
Independent		examiners:	Azets Audit Services
			Ty Derw
			Lime Tree Court
			Cardiff Gate Business Park
			Cardiff
			CF238AB
Bankers:			NatWest Bank PLC
			9 High Street
			Abergavenny
			NP7 5SA
Investment		managment:	Investec
			30Gresham Street
			London
			EC2V 7QN
Solicitors			Charles Russell Speechlys
			5 Fleet Place
			London
			EC4M 7RD

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
		Notes	E	E	E	E	E	E
Income d e
Donations and
legacies			72,584		72,564	56,698	780	57,478
Charitable activities			37,243		37,243	39,132		39,132
investments			31,997		31,997	30,357		30,357
Other income			1,332		1,332	231		231
Total Income			143,136		143,136	126,416	780	127,196
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Raising funds			14,259		14,259	14,728		14,728
Charitable activities		8	238,911	141	239,052	212,289	2,059	214,348
Total expenditure			253,170	141	253,311	227,017	2,059	229,076
Net gains/(losses)		on
investments		12	(55,432)		(55,432)	80,856		80,856
Gross transfers
between funds						302	(302)
Net movement	in	funds	(165,466)	(141)	(165,607)	(19,443)	(1,581)	(21,024)
Fund balances	at 1 April
2022			3,751,306	7,246	3,758,552	3,770,749	8,827	3,779,576
Fund balances	at	31
INarch 2023			3,585,840	7,105	3,592,945	3,751,308	7,246	3,758,552

			2023		2022
		Notes	E		E
Fixed assets
Tangible assets		14		1,842,870		1,868,725
Investments		15		1,157,994		1,227,683
				3,000,864		3,096,408
Current assets
Debtors		17	9,702		11,420
Cash at bank and in	hand		597,647		659,921
			607,349		671,341
Creditors: amounts	falling due within
one year		18	(15,268)		(9,197)
Net current assets				592,081		662,144
Total assets less current liabilities				3,592,945		3,758,552
Income funds
Restricted funds		20		7,105		7,246
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Designated funds		21	1,842,870		1,868,725
General unrestricted	funds		1,742,970		1,882,581
				3,585,840		3,751,306
				3,592,945		3,758,552

				Unrestricted	Unrestricted	Restricted	Total
				funds	funds	funds
				2023	2022	2022	2022
					6	6	6
	Donations	and gifts		62,439	49,690	780	50,470
	Legacies receivable			10,125	7,006		7,006
				72,564		780	57,476
	Donations	and gifts
	Donations			32,420	19,650	626	20,276
	Gift aid			29,207	29,884	154	30,038
	GASD			812	156		156
				62,439	49,690	780	50,470
4	Charitable	activities
					Unrestricted	Unrestricted	funds
					funds
					2023		2022
						6	6
	Community	member	contributions		37,243		39,132

Unrestricted	Unrestricted
funds	funds
2023	2022
6	6
31,997	30,357

Unrestricted	Unrestricted
funds	funds
2023	2022
1,332	231

							Unrestricted	Unrestricted
							funds	funds
							2023	2022
							6	f
Inv	n			n	m	n	14,259	14,728
							14,259	14,728
Charitable			activities
							2023	2022
							6	6
Staff costs							48,458	52,428
Depreciation			and impairment				44,814	42,539
Sundries	and chapel				expenses		6,752	9,975
Cleaning							1,819	1,975
Formation		costs					3,395	5,992
Domestic		food					18,879	16,117
Equipment			and	maintenance			29,244	14,059
Insurance							12,441	15,956
Light and		heat					27,137	22,942
Rates							10,399	10,189
Repairs							9,251	4,846
Alms							4,200	2,550
Gardens							5,342	2,860
							222,131	202,428
Share of	support costs					(see note 9)	9,051	6,905
Share of	governance				costs (see note 9)		7,870	5,015
							239,052	214,348
Analysis		by fund
Unrestricted			funds				238,911	212,289
Restricted		funds					141	2,059
							239,052	214,348

9	Support	costs
					Support	Governance	2023	2022	Basis of
					costs	costs			allocation
					E	E	E	E
	Travel costs				2,356		2,356	1,465	Direct
	Postage,	printing	and	stationery	3,011		3,011	2,979	Direct
	Training							239	Direct
	Telephone	costs			3,684		3,684	2,222	Direct
	Legal and	professional		fees		7,870	7,870	5,015	Governance
					9,051	7,870	16,921	11,920
	Analysed	between
	Charitable	activities			9,051	7,870	16,921	11,920

The average	monthly number ofemployees duding th	e year was:
		2023	2022
		Number	Number
Employment	costs	2023	2022
		E	E
Wages and salaries		47,125	51,067
Other pension costs		1,333	1,361
		48,458	52,428

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			2023	2022
				6
Revaluation	of	investments	(67,027)	71,285
Gain/(loss)	on	sale ofinvestments	11,595	9,571
			(55,432)	80,856

Tangible fix	ed assets
			Freehold land	Plant and Motor vehicles		Total
			and buildings	machinery
			and
			improvements
			F
Cost
At 1 April 2022			1,913,247	166,392	6,100	2,085,739
Additions			6,420	12,539		18,959
At 31 March	2023		1,919,667	178,931	6,100	2,104,698
Depreciation	and impairment
At 1 April 2022			77,604	133,310	6,100	217,014
Depreciation	charged	in the year	29,376	15,438		44,814
At 31 March	2023		106,980	148,748	6,100	261,828
Carrying amount
At 31 March	2023		1,812,687	30,183		1,842,870
At 31 March	2022		1,835,643	33,082		1,868,725

15	Fixed asset investme	nts
				Listed	Cash In	Total
				Investments	portfolio
				8
	Cost orvaluation
	At 1 April 2022			1,225,555	2,128	1,227,683
	Additions			39,101		39,101
	Valuation changes			(55,432)		(55,432)
	Cash movement				33,423	33,423
	Disposals			(86,781)		(86,781)
	At 31 March 2023			1,122,443	35,551	1,157,994
	Carrying amount
	At 31 March 2023			1,122,443	35,551	1,157,994
	At 31 March 2022			1,225,555	2,128	1,227,683
16	Financial instruments				2023	2022
					8	8
	Carrying amount of	financial assets
	Instruments measured	at fair value through	profit or loss		1,157,994	1,227,683
17	Debtors
					2023	2022
	Amounts falling due	within one year:				F
	Prepayments and accrued income				9,702	11,420
18	Creditors: amounts	falling due within one year
					2023	2022
					6	8
	Other taxation and social security				1,436	1,342
	Trade creditors				4,354	1,275
	Other creditors				529
	Accruals and deferred	income			8,949	6,580
					15,268	9,197

The income	The income	funds of the charity	include	restricted funds	restricted funds	comprising	comprising	the following	unexpended		balances	of
donations	and grants held on trust for specific purposes:
			Movement		in funds
		Balance at	incoming	Resources		Tmnsfe	rs	Balance at	Resources		Balance	at
		1 April 2021	resources	expended				1 April 2022	expended	31 March 2023
		6	6		6		6	f				6
Michaelgarth
appeal		302				(302)
Members
contributions		7,450			(238)			7,212	(141)		7,071
Donations		1,075	780		(1,821)			34				34
		8,827	780		(2,059)	(302)		7,246	(141)		7,105

	Balance at	Resources	Transfers	Balance at	Resources	Transfers	Balance at
	1April 2021	expended		1Aprll2022	expended		91 March 2029
	6	8	F	6	E	8	6
Fixed asset
fund	1,024,284	(42,539)	16,580	998,325	(44,814)	18,959	972,470
Fixed asset
revaluation
fund	870,400			870,400			870,400
	1,894,684	(42,539)	16,580	1,868,725	(44,814)	18,959	1,842,870

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