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2022-03-31-accounts
|
Trustees |
Sister Claire Dawson C.P. (appointed 10August |
|
|
2022) |
|
|
Sister Margaret Gorman C.P. (SisterCarmel) |
|
|
SisterAnne Hammersley C.P. |
|
|
Sister Margaret O'Regan C.P. (Sister Therese) |
|
|
Sister Margaret Steed C.P. (SisterSavio) |
|
ROI Committee |
Sister Máire Ni Shúilleabháin |
|
|
Sister Anne Harnett |
|
|
SisterSavio Steed |
|
|
Sister Carmel Miley |
|
Province Leader |
Sister Margaret Steed C.P. |
|
Province Bursar |
Mrs Sakina Lowe |
|
Principal address |
Cross & Passion Convent |
|
|
299 Boarshaw Road |
|
|
Middleton |
|
|
Manchester |
|
|
M242PF |
|
Telephone |
0161 655 3184 |
|
Email |
pltcpsisters@gmail.com |
|
Website |
www.crossandpassion.com |
| **Charity ** |
Registration Number |
|
|
England and Wales |
1185348 |
| **Charity ** |
Registration Number |
|
|
Republic of Ireland |
20015893 |
|
Accountants |
Buzzacott LLP |
|
|
130Wood Street |
|
|
London |
|
|
EC2V6DL |
|
Auditors |
RSM UK Audit LLP |
|
|
Bluebell House |
|
|
Brian Johnson Way |
|
|
Preston |
|
|
Lancashire |
|
|
PR2 5PE |
| Investment Managers |
Sarasin & Partners LLP |
|
Juxon House |
|
100 St Paul's Churchyard |
|
London |
|
EC4M 8BU |
|
Charles Stanley & Co Ltd |
|
55 Bishopsgate |
|
London |
|
EC2N 3AS |
| Principle bankers |
The Royal Bank ofScotland pic |
|
1 Dale Street |
|
Liverpool |
|
L2 2PP |
|
Bank of Ireland |
|
2 CollegeGreen |
|
Dublin 2 |
| Solicitors England and Wales |
Wrigleys Solicitors LLP |
|
19 CookridgeStreet |
|
Leeds |
|
LS12 3AG |
| Solicitors Northern Ireland |
Conway, Todd & Co |
|
22 Market Square |
|
Antrim |
|
BT41 4DT |
|
Edwards & Co |
|
28 Hill Street |
|
Belfast |
|
BT1 2LA |
| Solicitors the Republic of Ireland |
Mason Hayes + Curran |
|
South Bank House |
|
Barrow Street |
|
Dublin 4 |
| Finance and General Purposes |
Elizabeth Wilson, Wrigley's Solicitors |
| Committee |
Amanda Francis, Buzzacott |
|
Andrew Mather, CS2 |
| Insurance Brokers |
Steve Burns, Marsh Insurance, UK |
|
Liam Conlon, Arachas, Ireland |
| Energy Broker |
Charles Lowe, EnergyFlowe Ltd, UK |
|
Sisters ofthe Cross and Passion CIO2 |
|
|
|
Un- |
|
Total |
Un- |
|
Total |
|
|
|
restricted |
Restricted |
funds |
restricted |
Restricted |
funds |
|
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
|
Notes |
£ |
£ |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
|
|
|
| Donationsand legacies |
|
|
1,635,606 |
4,035,317 |
5,670,923 |
|
|
|
| Investment income and interest |
|
|
|
|
|
|
|
|
| receivable |
|
2 |
476,119 |
165,221 |
641,340 |
|
|
|
| Charitable activities |
|
|
|
|
|
|
|
|
| Provision of hospice care |
|
3 |
|
4,929,605 |
4,929,605 |
|
|
|
| Retreat and similar income |
|
|
260,410 |
|
260,410 |
|
|
|
| . Grants receivable |
|
|
2,709,164 |
|
2,709,164 |
|
|
|
| Othertrading activities |
|
|
|
|
|
|
|
|
| . Income from charityshops |
|
|
|
3,380,441 |
3,380,441 |
|
|
|
| .Room hire and rental income |
|
|
8,912 |
|
8,912 |
|
|
|
| . Fundraising eventsand lotteries |
|
|
|
858,245 |
858,245 |
|
|
|
| Othersources |
|
|
|
|
|
|
|
|
| . Surplus on disposalof tangible fixed |
|
|
|
|
|
|
|
|
| assets |
|
|
166,281 |
|
166,281 |
|
|
|
| Miscellaneousincome |
|
|
21,515 |
50,814 |
72,329 |
|
|
|
|
|
|
5,278,007 |
13,419,643 |
18,697,650 |
|
|
|
| Transfer from Sisters of |
the Cross |
|
|
|
|
|
|
|
and
Passion
(Charity |
Registration |
|
|
|
|
|
|
|
| Number 1038483)and itssubsidiary |
|
24 |
43,839,248 |
|
43,839,248 |
|
|
|
| Total income |
|
|
49,117,255 |
13,419,643 |
62,536,898 |
|
|
|
| Expenditure on: |
|
|
|
|
|
|
|
|
| Raising funds |
|
|
|
|
|
|
|
|
| Cost of raising donations |
|
|
|
1,363,528 |
1,363,528 |
|
|
|
| . Fundraising activitiesincluding |
|
|
|
|
|
|
|
|
| charityshops |
|
|
|
2,662,257 |
2,662,257 |
|
|
|
| . Investment management |
costs |
|
6,546 |
29,133 |
35,679 |
|
|
|
| Charitable activities |
|
|
|
|
|
|
|
|
| Provision of hospice care |
|
4 |
|
8,331,712 |
8,331,712 |
|
|
|
| . Donationsand support of overseas |
|
|
|
|
|
|
|
|
| missions |
|
5 |
60,848 |
|
60,848 |
|
|
|
| Supportof membersof the |
|
|
|
|
|
|
|
|
| Congregation and theirministry |
|
6 |
6,113,106 |
|
6,113,106 |
|
|
|
| Total expenditure |
|
|
6,180,500 |
12,386,630 |
18,567,130 |
|
|
|
| Net income before net investment |
|
|
|
|
|
|
|
|
| gains |
|
|
42,936,755 |
1,033,013 |
43,969,768 |
|
|
|
| Netinvestment gains |
|
|
599,644 |
244,175 |
843,819 |
|
|
|
| Net income and net movement in |
|
|
|
|
|
|
|
|
| funds |
|
8 |
43,536,399 |
1,277,188 |
44,813,587 |
|
|
|
| Reconciliation of funds: |
|
|
|
|
|
|
|
|
| Fund balancesat 1 April2021 |
|
|
|
12,886,778 |
12,886,778 |
|
|
|
| Fund balancesat 31 March 2022 |
|
|
43,536,399 |
14,163,966 |
57,700,365 |
|
|
|
|
CIO |
Charitable |
|
and |
Trustand |
|
subsidiary |
subsidiary |
|
Year to 31 |
Yearto 31 |
|
March |
March |
|
2022 |
2021 |
|
£ |
£ |
| Income |
18,697,650 |
14,502,031 |
| Expenditure |
(18,567,130) |
(17,721,422) |
| Net investmentgains |
843,819 |
6,049,647 |
| Net income |
974,339 |
2,830,256 |
|
|
Un- |
|
Total |
Un- |
|
Total |
|
|
restricted |
Restricted |
funds |
restricted |
Restricted |
funds |
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
Notes |
£ |
£ |
£ |
£ |
£ |
£ |
| Incomefrom: |
|
|
|
|
|
|
|
| Donationsand legacies |
1 |
1,635,606 |
|
1,635,606 |
|
|
|
| Investment income |
2 |
476,119 |
|
476,119 |
|
|
|
| Retreat and Similar income |
|
260,410 |
|
260,410 |
|
|
|
| Grantsreceived |
|
2,709,164 |
|
2,709,164 |
|
|
|
| .Room hire |
|
8,912 |
|
8,912 |
|
|
|
| Other income (including foreign |
|
|
|
|
|
|
|
| exchange gain) |
|
187,796 |
|
187,796 |
|
|
|
|
|
5,278,007 |
|
5,278,007 |
|
|
|
| Transfer from Sistersof the Cross |
|
|
|
|
|
|
|
| and Passion (Charity Registration |
|
|
|
|
|
|
|
| Number 1038483)and itssubsidiary |
24 |
43,839,248 |
|
43,839,248 |
|
|
|
| Total income |
|
49,117,255 |
|
49,117,255 |
|
|
|
| Expenditure on: |
|
|
|
|
|
|
|
| Investment managerscosts |
|
6,546 |
|
6,546 |
|
|
|
| Donationsand support of overseas |
|
|
|
|
|
|
|
| missions |
5 |
60,848 |
|
60,848 |
|
|
|
| Support of membersof the |
|
|
|
|
|
|
|
| Congregation and theirministry |
6 |
6,113,106 |
|
6,113,106 |
|
|
|
| Total expenditure |
|
6,180,500 |
|
6,180,500 |
|
|
|
| Net Income before net investment |
|
|
|
|
|
|
|
| gains |
|
42,936,755 |
|
42,936,755 |
|
|
|
| Other recognised gains & losses |
|
|
|
|
|
|
|
| Gains losseson investment assets |
|
|
|
|
|
|
|
| Realised |
|
165,006 |
|
165,006 |
|
|
|
| . Unrealised |
|
434,638 |
|
434,638 |
|
|
|
| Net income and net movement in |
|
|
|
|
|
|
|
| funds |
8 |
43,536,399 |
|
43,536,399 |
|
|
|
| Reconciliation of funds: |
|
|
|
|
|
|
|
| Fund balancesat 1 April 2021 |
|
|
|
|
|
|
|
| Fund balancesat 31 March 2022 |
|
43,536,399 |
|
43,536,399 |
|
|
|
|
|
Group |
|
Charity |
|
|
Notes |
2022 |
2021 |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
| Fixed assets: |
|
|
|
|
|
| Tangible assets |
11 |
28,586,478 |
|
26,022,639 |
|
| Investments |
|
|
|
|
|
| . Listed investments |
12 |
22,992,410 |
|
16,246,335 |
|
| . Programme related investments |
12 |
133,645 |
|
133,645 |
|
| Total fixed assets |
|
51,712,533 |
|
42,402,619 |
|
| Current assets: |
|
|
|
|
|
| Stocks |
|
15,752 |
|
|
|
| Debtors |
13 |
1,331,000 |
|
11,363 |
|
| Investments |
|
2,026,457 |
|
|
|
| Cash atbankand in hand |
|
4,216,517 |
|
1,417,220 |
|
| Total current assets |
|
7,589,726 |
|
1,428,583 |
|
| Liabilities: |
|
|
|
|
|
| Creditors: amountsfalling due |
|
|
|
|
|
| within one year |
14 |
(1,601,894) |
|
(294,803) |
|
| Net current assets |
|
5,987,835 |
|
1,133,781 |
|
| Total net assets |
|
57,700,365 |
|
43,536,399 |
|
| The funds of the Charity: |
|
|
|
|
|
| Restrictedfunds |
15 |
14,163,966 |
|
|
|
| Unrestricted funds |
|
|
|
|
|
| . Designatedfunds |
16 |
16,288,950 |
|
16,288,950 |
|
| . Tangible fixed assetsfund |
17 |
26,022,639 |
|
26,022,639 |
|
| . General fund |
|
1,224,810 |
|
1,224,810 |
|
|
|
57,700,365 |
|
43,536,399 |
|
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| Cash flows from operating activities: |
|
|
|
| Netcash provided by operating activities |
A |
621,515 |
|
| Cash flows from investing activities: |
|
|
|
| Investmentincome and interestreceived |
|
641,340 |
|
| Proceedsfromthe disposal oftangible fixed assets |
|
284,353 |
|
| Purchase oftangible fixed assets |
|
(3,218,718) |
|
| Proceedsfromthe disposal ofinvestments |
|
4,115,109 |
|
| Purchase ofinvestments |
|
(1,267,355) |
|
| Net cash provided by investing activities |
|
554,729 |
|
| Change in cash and cash equivalents in the year |
|
1,176,244 |
|
| Cash and cash equivalents transferred from Sisters of the |
|
|
|
| Cross and Passion (Charity Registration 1038483) |
|
1,784,402 |
|
| Cash and cash equivalents relating to St Gemma's Hospice at |
|
|
|
| 1 April 2021 |
|
3,951,855 |
|
| Change in cash and cash equivalents due to exchange rate |
|
|
|
| movements |
|
55,446 |
|
| Cash and cash equivalents at 31 March 2022 |
B |
6,967,947 |
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
|
|
----- |
|
|
Net movement in funds (as per the statement of financial activities) |
|
44,813,587 |
|
|
Adjustments for: |
|
|
|
|
Depreciation charge |
|
1,196,056 |
|
|
Gainson investments |
|
(843,819) |
|
|
Transfer from Sisters of the Cross and |
Passion (Charity Registration |
|
|
|
Number 1038483) |
|
(43,839,248) |
|
|
Investment income and interestreceivable |
|
(641,340) |
|
|
Netsurpluson disposal oftangible fixed assets |
|
(131,456) |
|
|
Decrease in stocks |
|
2,474 |
|
|
Increase in debtors |
|
(444,886) |
|
|
Increase in creditors |
|
510,147 |
|
|
Net cash provided by operating activities |
|
621,515 |
|
| B |
Analysis of cash and cash equivalents |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
|
|
----- |
|
|
Cash atbankand in hand |
|
4,216,517 |
|
|
Cash held by investmentmanagers |
|
724,973 |
|
|
Currentasset investments |
|
2,026,457 |
|
|
Total cash and cash equivalents |
|
6,967,947 |
|
|
|
|
|
|
|
|
Total |
|
|
Total |
|
|
|
|
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
|
|
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
| Group |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
| Salaries |
and |
pensions |
|
of |
|
|
|
|
|
|
| individual |
|
|
religious |
|
|
|
|
|
|
|
| received |
under Gift Aid |
|
|
or |
|
|
|
|
|
|
| deed of covenant |
|
|
|
|
1,469,782 |
|
1,469,782 |
|
|
|
| Legacies |
|
|
|
|
|
2,350,710 |
2,350,710 |
|
|
|
| Donations |
|
|
|
|
160,703 |
1,369,218 |
1,529,921 |
|
|
|
| Grants |
|
|
|
|
|
315,389 |
315,389 |
|
|
|
| Othervoluntary income |
|
|
|
|
5,121 |
|
5,121 |
|
|
|
| Total funds |
|
|
|
|
1,635,606 |
4,035,317 |
5,670,923 |
|
|
|
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
| Group |
£ |
£ |
£ |
£ |
£ |
£ |
| Income from listed investments |
475,518 |
160,771 |
636,289 |
|
|
|
| Interest receivable |
|
|
|
|
|
|
| . Bank interest |
396 |
4,450 |
4,846 |
|
|
|
| . Interest on cash held by investment |
|
|
|
|
|
|
| managers |
205 |
|
205 |
|
|
|
|
601 |
4,450 |
5,051 |
|
|
|
| Total funds |
476,119 |
165,221 |
641,340 |
|
|
|
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
| Group |
£ |
£ |
£ |
£ |
£ |
£ |
| District Health Authority Income |
|
4,054,263 |
4,054,263 |
|
|
|
| Covid 19 grant income from NHS |
|
|
|
|
|
|
| England |
|
683,231 |
683,231 |
|
|
|
| Training and education |
|
142,855 |
142,855 |
|
|
|
| Bistro |
|
40,428 |
40,428 |
|
|
|
| Other income |
|
8,828 |
8,828 |
|
|
|
| Total funds |
|
4,929,605 |
4,929,605 |
|
|
|
|
|
Total |
|
|
Total |
| Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
| funds |
funds |
2022 |
funds |
funds |
2021 |
Group
£
-----''--------------- |
£
----- |
£
----- |
£
----- |
£
----- |
£
----- |
| ln-patient care |
5,410,700 |
5,410,700 |
|
|
|
| Community care |
1,610,278 |
1,610,278 |
|
|
|
| Day hospice |
460,229 |
460,229 |
|
|
|
| Bereavement support |
239,864 |
239,864 |
|
|
|
| Education and research |
**610,641 ** |
@od1 |
|
|
|
| Total funds |
8,331,712 |
**8,331,712 ** |
------------ |
|
|
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
Group and Charity
-----'-------"------- |
£
----- |
£ |
£
---- |
£ |
£
---- |
£
---- |
| Total funds: Grants to the |
|
|
|
|
|
|
| Congregation's overseas missions |
oc |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
Total |
|
|
|
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
|
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
| Group and Charity |
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
|
|
|
|
|
---- |
|
|
| Sisters' living and personal expenses |
|
|
|
2,217,360 |
|
2,217,360 |
|
|
|
| Premises |
|
|
|
2,857,189 |
|
2,857,189 |
|
|
|
| Education, |
training |
and |
spiritual |
|
|
|
|
|
|
| renewal |
|
|
|
231,438 |
|
231,438 |
|
|
|
| Administrative and similarcosts |
|
|
|
539,786 |
|
539,786 |
|
|
|
| Othercosts |
|
|
|
27,542 |
|
27,542 |
|
|
|
| Foreign exchange (gains)/losses |
|
|
|
67,693 |
|
67,693 |
|
|
|
| Governance |
costs (note |
7) |
|
**172,098 ** |
1o9_ |
|
|
|
|
| Total funds |
|
|
|
**6,113,106 ** |
---- |
**6,113,106 ** |
**-------- ** |
|
----- |
| Governance costs |
|
|
|
|
|
|
|
|
|
Total |
|
|
Total |
|
Unrestricted |
Restricted |
funds |
Unrestricted |
Restricted |
funds |
|
funds |
funds |
2022 |
funds |
funds |
2021 |
| Group |
£ |
£
----- |
£
----- |
£
£
----- -----' |
|
£
----- |
| Accountancy |
135,990 |
|
135,990 |
|
|
|
| Auditor's remuneration |
|
|
|
|
|
|
| . Statutory |
25,583 |
18,500 |
44,083 |
|
|
|
| . Non-statutory |
|
2,900 |
2,900 |
|
|
|
| Other St Gemma's costs |
|
85,483 |
85,483 |
|
|
|
| Bank fees and charges |
10,5251.o |
|
|
|
|
|
|
172,098 |
106,883&""S- |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
Unrestricted |
Restricted |
funds |
|
|
Total |
|
|
|
|
funds |
funds |
2022 |
Unrestricted |
Restricted |
2021 |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
| Raising funds |
|
|
|
|
34,232 |
34,232 |
|
|
|
| ln-patient care |
|
|
|
|
46,920 |
46,920 |
|
|
|
| Community care |
|
|
|
|
11,514 |
11,514 |
|
|
|
| Day hospice |
|
|
|
|
6,192 |
6,192 |
|
|
|
| Bereavement support |
|
|
|
|
2,442 |
2,442 |
|
|
|
| Education and |
research |
|
|
|
5,583 |
5,583 |
|
|
|
Support
of |
members |
of |
the |
|
|
|
|
|
|
| Congregation and theirministry |
|
|
|
172,098 |
|
172,098 |
|
|
|
|
|
|
|
172,098 |
106,883 |
278,981 |
|
|
|
|
Total |
Total |
|
2022 |
2021 |
| Group |
£ |
£ |
| Staffcosts (note 9) |
11,205,373 |
|
| Auditor's remuneration |
|
|
| . Statutory |
38,900 |
|
| . Non statutory-taxation services |
1,900 |
|
| - reporting to Group auditors |
1,000 |
|
| Depreciation |
1,091,144 |
|
| Operating lease rental - land and buildings |
485,740 |
|
| Operating lease rental - equipment |
7,595 |
|
|
Total |
Total |
|
2022 |
2021 |
| Charity |
£ |
£ |
| Staffcosts (note 9) |
2,024,705 |
|
| Auditors' remuneration |
|
|
| . Statutory |
20,400 |
|
| Depreciation |
500,270 |
|
|
2022 |
2021 |
| Group |
£ |
£ |
| Staffcostsduring the yearwere asfollows: |
|
|
| Wagesand salaries |
9,383,570 |
|
| Social security costs |
1,156,533 |
|
| Other pension costs |
665,268 |
|
|
11,205,373 |
|
|
2022 |
2021 |
| Charity |
£ |
£ |
| Staffcosts during the yearwere asfollows: |
|
|
| Wagesand salaries |
1,515,770 |
|
| Social security costs |
451,086 |
|
| Other pension costs |
57,849 |
|
|
2,024,705 |
|
|
Total |
Total |
|
2022 |
2021 |
| Group |
No. |
No. |
| £60,001- £70,000 |
2 |
|
| £70,001- £80,000 |
2 |
|
| £80,001- £90,000 |
2 |
|
| £90,001- £100,000 |
1 |
|
| £100,001- £110,000 |
1 |
|
| £140,001- £150,000 |
1 |
|
|
9 |
|
|
2022 |
2021 |
|
No. |
No. |
| StGemma's Hospice |
281 |
|
| Supportofsisters and their ministry |
115 |
|
|
396 |
|
| Tangible fixed assets |
|
|
|
|
|
|
Freehold |
Improvements |
Plant, |
|
|
|
land and |
to leasehold |
furnitureand |
Motor |
|
|
buildings |
property |
equipment |
vehicles |
Total |
| Group |
£ |
£ |
£ |
£ |
£ |
| Cost or valuation |
|
|
|
|
|
| At 1 April 2021 |
|
6,670,892 |
4,100,269 |
59,727 |
10,830,888 |
| Transfer from Sisters ofthe |
|
|
|
|
|
| Cross and Passion (note24) |
27,901,663 |
|
1,469,093 |
480,885 |
29,851,641 |
| Exchange movement |
(58,485) |
|
(1,507) |
(1,931) |
(61,923) |
| Additions |
2,800,318 |
|
417,200 |
1,200 |
3,218,718 |
| Disposals |
(160,000) |
|
(24,342) |
(73,467) |
(257,809) |
| At31 March 2022 |
30,483,496 |
6,670,892 |
5,960,713 |
466,414 |
43,581,515 |
| Assets at historic cost |
26,889,591 |
|
|
|
26,889,591 |
| Revalued assets |
10,264,798 |
6,670,892 |
5,960,713 |
466,414 |
23,362,817 |
|
37,154,389 |
6,670,892 |
5,960,713 |
466,414 |
50,252,408 |
| Depreciation |
|
|
|
|
|
| At 1 April 2021 |
|
4,875,722 |
3,121,254 |
36,012 |
8,032,988 |
| Transfer from Sisters ofthe |
|
|
|
|
|
| Cross and Passion (note 24) |
4,362,109 |
|
1,174,577 |
345,958 |
5,882,644 |
| Chargefor year |
514,325 |
331,603 |
321,259 |
28,869 |
1,196,056 |
| Currency adjustment |
(10,430) |
|
205 |
(1,515) |
(11,739) |
| On disposals |
(28,800) |
|
(14,670) |
(61,442) |
(104,912) |
| At31 March 2022 |
4,837,204 |
5,207,325 |
4,602,626 |
347,882 |
14,995,037 |
| Net book values |
|
|
|
|
|
| At 31 March 2022 |
25,646,292 |
1,463,567 |
1,358,087 |
118,532 |
28,586,478 |
| At 1 April 2021 |
|
1,795,170 |
979,015 |
23,715 |
2,797,900 |
|
Freehold |
Plant, |
|
|
|
land and |
furniture and |
Motor |
|
|
buildings |
equipment |
vehicles |
Total |
| Charity |
£ |
£ |
£ |
£ |
| Cost or valuation |
|
|
|
|
| At 1 April 2021 |
|
|
|
|
| Transferfrom Sisters oftheCross and Passion |
|
|
|
|
| (note 24) |
18,023,202 |
1,385.207 |
377,025 |
19,785,434 |
| Transfer in 1July 2021 |
9,878,461 |
83,886 |
103,860 |
10,066,207 |
| Additions |
2,800,318 |
26,050 |
1,200 |
2,827,568 |
| Exchangemovement |
(58,485) |
(1,507) |
(1.,931) |
(61,923) |
| Disposals |
(160,000) |
|
(63,472) |
(223,472) |
| At 31 March 2022 |
30,483,496 |
1,493,636 |
416,682 |
32,393,814 |
| Assets at historic cost |
10,264,798 |
1,493,636 |
416,682 |
12,175,116 |
| Revalued assets |
20,218,698 |
|
|
20,218,698 |
|
30,483,496 |
1,493,636 |
416,682 |
32,393,814 |
| Depreciation |
|
|
|
|
| At 1 April 2021 |
|
|
|
|
| Transfer from Sisters oftheCross and Passion |
|
|
|
|
| (note24) |
2,922,328 |
1,126,833 |
275,289 |
4,324,450 |
| Transfer in 1 July 2021 |
1,439,781 |
47,744 |
70,669 |
1,558,194 |
| Charge for year |
514,325 |
43,385 |
22,985 |
580,695 |
| Currency adjustment |
(10,430) |
205 |
(1,515) |
(11,740) |
| Ondisposals |
(28,800) |
|
(51,625) |
(80,425) |
| At 31 March 2022 |
4,837,204 |
1,218,167 |
315,803 |
6,371,175 |
| Net book values |
|
|
|
|
| At 31 March 2022 |
25,646,292 |
275,469 |
100,879 |
26,022,639 |
| At31 March 2021 |
|
|
|
|
|
Group |
|
Charity |
|
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Programme related investments (see a |
|
|
|
|
| below) |
133,645 |
|
133,645 |
|
| Listed investmentsand cash held for |
|
|
|
|
| re-investment(see b below) |
22,992,410 |
|
16,246,335 |
|
| At31 March 2022 |
23,126,055 |
|
16,379,980 |
|
|
2022 |
2021 |
| Group and Charity |
£ |
£ |
| At 1 April 2021 |
|
|
| Transferfrom Sisters ofthe Crossand Passion (see note 24) |
134,646 |
|
| Exchange movements |
(1,001) |
|
| At31 March 2022 |
133,645 |
|
|
2022 |
2021 |
| Group and Charity |
£ |
£ |
| Oikocredit |
133,645 |
|
| b. Listed investments and cash held for re-investment |
|
|
|
2022 |
2021 |
| Group |
£ |
£ |
| Listed investments |
|
|
| Marketvalue at 1 April 2021 |
|
|
| Transferfrom Sisters ofthe Crossand Passion |
24,271,372 |
|
| Additions atcost |
1,267,355 |
|
| Disposals atbookvalue (proceeds: £4,115,109; gains: £165,708) |
(3,949,401) |
|
| Netunrealised investmentgains |
678,111 |
|
| Marketvalue at31 March 2022 |
22,267,437 |
|
| Cash held by investment managers for reinvestment |
724,973 |
|
|
22,992,410 |
|
| Costoflisted investmentsat31 March 2022 |
14,345,587 |
|
|
2022 |
2021 |
| Group |
£ |
£ |
| Fixed interestbased common investmentfunds |
1,138,274 |
|
| Equities |
6,400,949 |
|
| Unittrusts |
9,512,582 |
|
| Alternative investments |
984,458 |
|
| Overseasfunds |
3,828,034 |
|
| Property |
403,140 |
|
|
22,267,437 |
|
|
|
|
|
|
2022 |
2022 |
2021 |
2021 |
|
|
|
|
|
Market |
Percentage |
Market |
Percentage |
|
|
|
|
|
value |
of portfolio |
value |
ofportfolio |
| Group |
|
|
|
|
£ |
% |
£ |
% |
| Sarasin |
Endowments |
Fund |
(Income |
Units) |
9,512,582 |
42.7 |
|
|
|
2022 |
2021 |
| Charity |
£ |
£ |
| Listed investments |
|
|
| Marketvalue at 1 April 2021 |
|
|
| Transferfrom Sisters ofthe Crossand Passion (see note 24) |
18,161,168 |
|
| Additionsatcost |
74,269 |
|
| Disposals atbook value (proceeds: £3,134,066; gains: £165,006) |
(2,969,060) |
|
| Netunrealised investmentgains |
434,639 |
|
| Marketvalue at31 March 2022 |
15,701,016 |
|
| Cash held by investment managers for reinvestment |
545,319 |
|
|
16,246,335 |
|
| Costoflisted investments at31 March 2022 |
9,468,007 |
|
|
2022 |
2021 |
| Charity |
£ |
£ |
| Property |
454,844 |
|
| Fixed interestbased common investmentfunds |
3,372,147 |
|
| Equities |
9,512,582 |
|
| Unittrusts |
494,238 |
|
| Alternative investments |
1,680,718 |
|
| Overseasfunds |
186,487 |
|
|
15,701,016 |
|
|
|
|
|
|
2022 |
2022 |
2021 |
2021 |
|
|
|
|
|
Market |
Percentage |
Market |
Percentage |
|
|
|
|
|
value |
of portfolio |
value |
ofportfolio |
| Charity |
|
|
|
|
£ |
% |
£ |
% |
| Sarasin |
Endowments |
Fund |
(Income |
Units) |
9,512,582 |
60.6 |
|
|
|
Group |
|
Charity |
|
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Trade debtors |
1,157 |
|
|
|
| Incometax recoverable |
210,372 |
|
|
|
| Other debtors |
962,932 |
|
|
|
| Prepayments and accrued income |
156,530 |
|
11,363 |
|
|
1,331,000 |
|
11,363 |
|
|
|
Group |
|
Charity |
Charity |
|
|
2022 |
2021 |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
|
----- |
|
----- |
|
|
| Expense creditors |
|
50 |
|
|
|
| Taxation and social security costs |
|
50,838 |
|
50,838 |
|
| Other creditors |
|
850,604 |
|
21,735 |
|
| Accrued expenditure |
|
700,402 |
|
222,230 |
|
|
|
1,601,894 |
|
294,803 |
|
| Restricted funds |
|
|
|
|
|
| The income funds of the Group and Charity include restricted |
|
|
|
funds comprising the |
|
| following unexpended balances |
of donations and grants held on |
|
|
trust to be |
applied fo |
| specific purposes. |
|
|
|
|
|
|
At1 |
|
|
|
At 31 |
|
April |
|
|
|
March |
| Group |
2021
£ |
Income
£ |
Expenditure
£ |
Transfers
£ |
2022
£ |
| Hospice funds |
|
|
|
|
|
| Hospicegeneral funds |
8,385,066 |
12,695,384 |
(10,738,869) |
(94,822) |
10,246,759 |
| Designated Funds |
|
|
|
|
|
| Ear Marked Funds (designated |
|
|
|
|
|
| funds inthe Hospice) |
|
|
|
|
|
| . Maintenance ofthe Hospice |
418,627 |
|
|
(105,791) |
312,836 |
| . Bulding Development reserve |
350,000 |
|
(5,995) |
(39,364) |
304,641 |
| . ServiceTransformationfund |
362,611 |
|
(105,436) |
|
257,175 |
| . Digital Development Reserve |
250,000 |
|
(10,450) |
(67,992) |
171,558 |
| . COVID Response Reserve |
100,000 |
|
(25,000) |
(36,059) |
38,941 |
| Tangiblefixed assets fund |
2,797,900 |
|
(590,874) |
356,813 |
2,563,839 |
| NHSE Covidfunding |
|
683,231 |
(683,231) |
|
|
| HMRC Job retention scheme |
|
12,018 |
(12,018) |
|
|
| Citywideeducation project |
12,138 |
|
(1,471) |
|
10,667 |
| Fundingfrom Clinical |
|
|
|
|
|
| Commissioning Groupfor various |
|
|
|
|
|
| specific projects |
26,369 |
|
(5,467) |
|
20,902 |
| Other funds |
184,067 |
273,185 |
(207,819) |
(12,785) |
236,648 |
|
12,886,778 |
13,663,818 |
(12,386,630) |
|
14,163,966 |
|
|
Transfer |
|
|
|
|
|
from Sisters |
|
|
|
|
At1
April
2021 |
of the Cross
and Passion
(note 24) |
New
designation |
Utilised/
released |
At
31 March
2022 |
| Group and Charity |
£ |
£ |
£ |
£ |
£ |
| Future healthcareofsisters |
|
19,000,000 |
|
(3,000,000) |
16,000,000 |
| Crisis donations |
|
160,305 |
|
(5,000) |
155,305 |
| Programme related investments |
|
|
|
|
|
| fund |
|
134,646 |
|
(1,001) |
133,645 |
|
|
19,294,951 |
|
(3,006,001) |
16,288,950 |
| Tangible fixed assets fund |
|
|
|
2022 |
2021 |
|
Total |
Total |
| Group and Charity |
£ |
£ |
| At 1 April 2021 |
|
|
| Transferfrom Sistersofthe Crossand Passion (note 24) |
15,465,359 |
|
| Netmovementin year |
10,557,280 |
|
| At31 March 2022 |
26,022,639 |
|
|
|
Tangible |
|
|
|
|
|
fixed |
|
|
|
|
General |
assets |
Designated |
Restricted |
Total |
|
fund |
fund |
funds |
funds |
2022 |
| Group |
£ |
£ |
£ |
£ |
£ |
| Fund balances at 31 March |
|
|
|
|
|
| 2022 are represented by: |
|
|
|
|
|
| Tangible fixed assets |
|
26,022,639 |
|
2,563,839 |
28,586,478 |
| Investments |
246,336 |
|
16,133,645 |
6,746,073 |
23,126,054 |
| Netcurrentassets |
978,474 |
|
155,305 |
4,854,054 |
5,987,833 |
| Total net assets |
1,224,810 |
26,022,639 |
16,288,950 |
14,163,966 |
57,700,365 |
|
|
Tangible |
|
|
|
|
|
fixed |
|
|
|
|
General |
assets |
Designated |
Restricted |
Total |
|
fund |
fund |
funds |
funds |
2022 |
| Charity |
£ |
£ |
£ |
£ |
£ |
| Fund balances at 31 March |
|
|
|
|
|
| 2022 are represented by: |
|
|
|
|
|
| Tangible fixed assets |
|
26,022,639 |
|
|
26,022,639 |
| Investments |
246,336 |
|
16,133,645 |
|
16,379,981 |
| Netcurrentassets |
978,474 |
|
155,305 |
|
1,133,799 |
| Total net assets |
1,224,810 |
26,022,639 |
16,288,950 |
|
43,536,399 |
|
Group |
Group |
Charity |
Charity |
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Unrealised gains included above: |
|
|
|
|
| On investments |
7,921,850 |
|
6,233,009 |
|
| Total unrealised gains at 31 March 2022 |
7,921,850 |
|
6,233,009 |
|
| Reconciliation of movements in unrealised gains |
|
|
|
|
| {losses) |
|
|
|
|
| Unrealised gains at 1 April 2021 |
|
|
|
|
| Transfer from Sisters ofCross and Passion |
8,121,920 |
|
6,679,730 |
|
| Less: in respect ofdisposals in theyear |
(878,181) |
|
(881,360) |
|
| Netgains arising on revaluation intheyear |
678,111 |
|
434,639 |
|
| Total unrealised gains at 31 March 2022 |
**7,921,850 ** |
---- |
6,233,009 |
---- |
|
Land and |
buildings |
Office equipment |
Office equipment |
|
2022 |
2021 |
2022 |
2021 |
| Group |
£ |
£ |
£ |
£ |
|
----- |
|
---- |
|
| Within one year |
443,736 |
|
9,401 |
|
| Between one and five years |
965,346 |
|
26,141 |
|
|
1,409,082 |
|
35,542 |
|
|
Unrestricted |
Designated |
Restricted |
Total funds |
|
funds |
funds |
funds |
2022 |
|
£ |
£ |
£ |
£ |
| Income: |
|
|
|
|
| Donations, legacies and trusts |
3,750,114 |
|
285,203 |
4,035,317 |
| Othertrading activities |
4,289,500 |
|
|
4,289,500 |
| Investment income |
165,221 |
|
|
165,221 |
| Charitable activities |
4,246,374 |
|
683,231 |
4,929,605 |
| Total income |
12,451,209 |
|
968,434 |
13,419,643 |
| Expenditure: |
|
|
|
|
| Cost of raising funds |
3,948,450 |
106,468 |
|
4,054,918 |
| Charitable activities |
6,790,419 |
631,287 |
910,006 |
8,331,712 |
| Total expenditure |
10,738,869 |
737,755 |
910,006 |
12,386,630 |
| Gains on investments |
244,175 |
|
|
244,175 |
| Net income (expenditure) before |
|
|
|
|
| transfers |
1,956,515 |
(737,755) |
58,428 |
1,277,188 |
| Transfers |
(94,822) |
107,607 |
(12,785) |
|
| Net movement in funds |
1,861,693 |
(630,148) |
45,643 |
1,277,188 |
| Reconciliation of funds |
|
|
|
|
| Fund balances at 1 April 2021 |
8,385,066 |
4,279,138 |
222,574 |
12,886,778 |
| Fund balances at 31 March 2022 |
10,246,759 |
3,648,990 |
268,217 |
14,163,966 |
|
1 April 2021 |
|
£ |
| Tangible fixed assets(note 11) |
|
| . Cost |
19,790,592 |
| . Depreciation |
{4,325,233) |
|
15,465,359 |
| Fixed asset investments (including cash held by investment managers |
|
| of£466,935) (note 12) |
18,762,634 |
| Debtors (note 13) |
10,501 |
| Cash atbank and in hand |
1,203,287 |
| Creditors: amountsfalling due within one year (note 14) |
(224,728) |
|
35,217,053 |
| The assets and liabilities were represented by thefollowingfunds: |
|
|
2021 |
|
£ |
| Tangible fixed assetsfund (note 17) |
15,465,359 |
| General funds |
456,739 |
| Restrictedfunds (note 15) |
4 |
| Designatedfunds(note 16) |
19,294,951 |
--------------------------- |
35,217,053 |