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|---|---|---|
|Trustees report||1-6|
|Statement oftrustees|responsibilities||
|Independent
examiner's
report|||
|Statement
offinancial|activities||
|Balance sheet||10|
|Notes to the financial|statements|11-24|
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|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|
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||||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|
|EKI?eenlI!klkS!K|||||||||
|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|
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||||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|
|llataalfjgtaUIInda|||||||
|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|
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|||||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|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|6|6|
|31,997|30,357|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|1,332|231|
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||||||||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|
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|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||
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|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|
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|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|
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|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|
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|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|
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|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||
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||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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