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Charity registration number
1160034
Ursuline Links
Report and Accounts
31 December 2020
Borucki & Co Chartered Accountants 42 Radnor Road Harrow Middlesex HA1 1RZ
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Ursuline Links Legal and administrative information
Trustees Kathleen Colmer Bridget Durrant Karen Reilly Alison Hawkes Pamela Johnson Principal office 66 Crooms Hill London SE10 8HG Charity number 1160034 Independent examiner J I Borucki FCA Borucki & Co 42 Radnor Road Harrow Middlesex, HA1 1RZ Bankers Royal Bank of Scotland plc 62-63 Threadneedle Street London EC2R 8LA
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Ursuline Links
Statement of financial activities (incorporating an income and expenditure account) for the year ended 31 December 2020
| Notes Income Voluntary income Donations: Roman Union of St Ursula General donations Contributions from participants Retreats Covid Furlough grant Bank interest Total income Resources expended Expenditure on charitable activities Project expenditure Facilities Donation to The Roman Union of the Order of St Ursula Administration and support 2 Total expenditure Reconciliation of funds Balance brought forward 1 January Balances carried forward 31 December - Net income/(expenditure) and net movement in funds for the year |
2020 £ - 19,441 690 - 3,902 16 24,049 1,942 9,337 - 18,928 30,207 (6,158) 6,200 42 |
2019 £ - 6,192 815 490 - 39 |
|---|---|---|
| 7,536 | ||
| 9,075 3,016 11,000 37,807 |
||
| 60,898 | ||
| (53,362) 59,562 |
||
| 6,200 |
Continuing operations
None of the charity's activities were acquired or discontinued during the above two financial years.
Statement of total recognised gains and losses
The charity has no recognised gains or losses other than those shown above and therefore no separate statement of total gains and losses hes been prepared.
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Ursuline Links Balance Sheet as at 31 December 2020
| Notes Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Capital and reserves General fund |
2020 £ 2,159 13,874 16,033 (15,991) 42 42 42 42 |
2019 £ 521 22,023 22,544 (16,344) 6,200 6,200 6,200 6,200 |
2019 £ 521 22,023 22,544 (16,344) 6,200 6,200 6,200 6,200 |
|---|---|---|---|
| 6,200 | |||
| 6,200 | |||
| 6,200 |
Appoved by the Trustees and signed on their behalf
Kathleen Colmer
Trustee Approved by the Trustees on
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Ursuline Links
Statement of cash flows
for the year ended 31 December 2020
| Note Cash used in operating activities A Cash flows from investing acivities Investment income Cash provided (used) in investing activities Decrease in cash and cash equivalents in year (Decrease) increase in cash at bank and in hand |
2020 £ (8,165) 16 16 (8,149) (8,149) (8,149) - |
2019 £ (38,178) |
|---|---|---|
| 39 | ||
| 39 | ||
| (38,139) | ||
| (38,139) | ||
| (38,139) | ||
| 0 |
A. Reconciliation of net movement in funds to net cash flow from operating activities
| Net movement in funds Deduct investment income Increase (decrease) in creditors (Increase) decrease in debtors |
2020 £ (6,158) (16) (353) (1,638) (8,165) |
2019 £ (53,362) (39) 15,744 (521) |
|---|---|---|
| (38,178) |
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Ursuline Links Notes to the Accounts for the year ended 31 December 2020
1 Accounting policies
Accounting convention
The accounts have been prepared under the historical cost convention as modified by the inclusion of investments at market value and, in accordance with the requirements of the Charities Act 2011. Applicable accounting standards and the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015) have been followed.
The trust constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations, are recognised when the Trust has been notified in writing of both the amount and settlement date. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure on charitable activities comprises direct expenses incurred on the defined charitable purposes of the charity and includes staff costs attributable to the activity. Governance costs comprise of expenditure on compliance with and advice on constitutional and statutory matters.
As all expenditure can be attributed to specific categories no apportionment between heading has been necessary. Irrecoverable VAT is included in the items of expenditure to which it relates.
Fund accounting
The general fund comprises those monies, which may be used towards meeting the charitable objectives of the charity at the discretion of the Trustees.
Taxation
The Trust, as a registered charity, is exempt from taxation on its income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.
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Ursuline Links Notes to the Accounts for the year ended 31 December 2020
2 Administration and support
| Staff costs Office expenses Website Accountancy charges Other professional fees 3 Staff costs and trustees' remuneration Staff costs Staff costs during the year were as follows: Wages and salaries Social security costs Pension costs |
2020 £ 13,920 498 3,790 720 - 18,928 2020 £ 13,293 627 - 13,920 |
2019 £ 34,170 740 1,547 600 750 |
|---|---|---|
| 37,807 | ||
| 2019 £ 31,432 2,305 433 |
||
| 34,170 |
Trustees' remuneration
No trustee received any remuneration or reimbursement of expenses in respect of services as a trustee during the year or in the previous year.
4 Taxation
Ursuline Links is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities
| 5 Debtors Other debtors Prepayments 6 Creditors: amounts falling due within one year Other creditors Accruals |
2020 £ 1,133 1,026 2,159 2020 £ 15,391 600 15,991 |
2019 £ 521 - |
|---|---|---|
| 521 | ||
| 2019 £ 15,744 600 |
||
| 16,344 |
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