Draft 26/2/21
Charity registration number
1160034
## **Ursuline Links**
## **Report and Accounts**
**31 December 2020**
Borucki & Co Chartered Accountants 42 Radnor Road Harrow Middlesex HA1 1RZ
Draft 26/2/21
## **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.
2
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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|
6