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||**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 CIO**2**|





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||||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<br>Passion<br>(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**||||
|**Net**investment 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**||





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||||||||**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**<br>£<br>-----''---------------|£<br>-----|£<br> -----|£<br>-----|£<br>-----|£<br>-----|
|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**<br>-----**'**-------"-------|£<br>-----|£|£<br>----|£|£<br>----|£<br>----|
|**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**|£|£<br>-----|£<br>-----|£<br>£<br>----- -----'||£<br> -----|
|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<br>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**<br>£|**Income**<br>£|**Expenditure**<br>£|**Transfers**<br>£|**2022**<br>£|
|**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**<br>**April**<br>**2021**|**of the Cross**<br>**and Passion**<br>**(note 24)**|**New**<br>**designation**|**Utilised/**<br>**released**|**At**<br>**31 March**<br>**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**|



## 



## 

## 

##