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|||Page|
|---|---|---|
|Trustees'
report||1-6|
|Statement
oftrustees'|responsibilities||
|Independent
auditors'|report|8-10|
|Statement
offinancial|activities||
|Balance sheet||12|
|Cash flow statement||13|
|Notes to the accounts||14-25|
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|||||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||Notes||funds|funds
f|funds|2021f|2020|
|Incomin
resources
from||enerated|funds||||||
|Donations
and legacies||||32,441||145|32,586||
|Trading
activities|||||1,504,234||1,504,234||
|Investment
income||||337,932|101,210|44,053|483,195||
|||||370,373|1,605,444|44,198|2,020,015||
|Other incoming
resources||||15,751|212,235||227,986||
|Total incoming
resources||||386,124|1,817,679|44,198|2,248,001||
|Resources ex ended|||||||||
|Costs ofgenerating
funds|||||||||
|Investment
management|costs|||71,968|22,257|10,019|104,244||
|Net incoming
resources|available|||314,156|1,795,422|34,179|2,143,757||
|Charitable
activities|||||||||
|Donations||||351,479||633,810|985,289||
|Convent costs||||567,586|30,950|17,468|616,004||
|Total charitable
expenditure||||919,065|30,950|651„278|1,601,293||
|Trading
activites|||||1,701,977||1,701,977||
|Total charitable
and trading||expenditure||919,065|1,732,927|651,278|3,303,270||
|Governance
costs||||31,944|6,473||38,417||
|Total resources expended||||1,022,977|1,761,657|661,297|3,445,931||
|Net (outgoing)/incoming|resources|||(636,853)|56,022|(617,099)|(1,197,930)||
|Other recognised
gains|and|losses|||||||
|Net movement
in investments||||2,512,664|558,618|303,042|3,374,324||
|Net movement
in funds||||1,875,811|614,640|(314,057)|2,176,394||
|Fund balances at 1 January|||||||||
|2021||||26,061,908|6,393,040|3,087,643|35,542,591||
|Fund balances at 31 December|||||||||
|2021||||27,937,719|7,007,680|2,773,586|37,718,985||
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|Fixed assets||||
|---|---|---|---|
|Tangible assets
investments|||3,899,649
32,405,015|
||||36,304,864|
|Cur rent assets||||
|Debtors
Cash at bank and in|hand|1,131,506
543,217||
|Creditors: amounts|falling due within|1,674,'723||
|one year||{260,402)||
|Net current assets|||1,414,321|
|Total assets less current liabilities|||37,718,985|
|income funds||||
|General funds
Restricted funds
Designated
funda|||27,937,719
2,773,586
7,007„680|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Notes||E|F|
|Net cash|(outflow)/inflow|from operating||||||
|activities||||17||(1,687,515)||
|Capital expenditure||||||||
|Payments|to acquire tangible||fixed assets||(6,990)|||
|Investments||||||||
|Investment|income||||483,195|||
|Investment|movements||||(402,008)|||
|Net cash|inflow|||||74,197||
|Decrease|in cash|||18||(1,613,318)||
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||||2021|2020|
|---|---|---|---|---|
|Nursing
home fees|||1,504,234||
|Staff costs|||(1,243,501)||
|Repairs and equipment|||(180,075)||
|Management|fees||(60,493)||
|Water, power|and rates||(68,436)||
|Consumables|and amenities||(90,775)||
|Other costs|||(58,697)||
|Net income (loss) from trading||activity|(197,743)||
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|||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2021|2020|
||||||E||
|Rental income||25,560|1,694||27,254||
|Dividends||233,322|71 231|31,566|336,119||
|Investment|interest|79,050|28,285|12,487|119,822||
|||337,932|101,210|44,053|483,195||
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||Unrestricted|Designated|Total|Total|
|---|---|---|---|---|
||funds|funds|2021|2020|
||||f.||
|Other income|15,751|60,936|76,687||
|Sisters' pensions||151,299|151,299||
||15,751|212,235|227,986||
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|7|Total reso|u|rces exp|ende|d||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
||Costs ofgenerating|||funds|||||||
||Investment||management||costs from unrestricted|||funds|104,244||
||Investment||management||costs||||104,244||
||Charitable||activities||||||||
||Donations||||||||||
||Donations|from restricted|||funds||||633,810||
||Donations|from unrestricted||||funds|||351,479||
||Total||||||||985,289||
||Convent costs||||||||||
||Restricted|convent costs|||||||48,418||
||Unrestricted||convent|costs|||||567,586||
||Total||||||||616,004||
||Trading
activites||||||||||
||Care home||costs from designated||||funds||1,701,977||
||||||||||3,303,270||
|8|Governance||costs||||||||
||||||||||2021|2020|
||||||||||f|E|
||Accountancy||||||||22,914||
||Legal||||||||8,935||
||Other costs||||||||6,568||
||||||||||38,417||
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|The average
monthly
number ofemployees
during|the year was:||
|---|---|---|
||2021|2020|
||Number|Number|
||71||
|Employment
costs|2021|2020|
|Wages and salaries|363,915||
|Social security costs|21,890||
|Other pension costs|6,430||
||392,235||
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|12|Tangible assets|f|f|f||
|---|---|---|---|---|---|
|||Land and|Plant and|Motor||
|||buildings|machinery|vehicles|Total|
||Cost/valuation|||||
||At 1 January 2021|||||
||Transferred
to entity|3,840,000|144,310|35,916|4,020,226|
||Additions||6,990||6,990|
||Disposals|||(8,991)|(8,991)|
||At 31 December 2021|3,840,000|151,300|26,925|4,018,225|
||Depreciation
and impairment|||||
||At 1 January 2021|||||
||Transferred
to entity||72,633|24,741|97,374|
||Depreciation
charge for the year||26,091|4,102|30,193|
||Eliminated
in respect ofdisposals|||(8,991)|(8,991)|
||At 31 December 2021||98,724|19,852|118,576|
||Carrying
amount|||||
||At 31 December 2021|3,840,000|52,576|7,073|3,899,649|
||At 31 December 2020|||||
##
|Fixed asset investments|Fixed asset investments||
|---|---|---|
|Listed investments|||
|Market value at 1|January 2021||
|Transferred
to entity||27,583,682|
|Gains and losses|on investments|1,887,395|
|Stockbroker fees||(97,989)|
|Capital introduced||500,000|
|Dividends||336,119|
|Interest||118,635|
|Funds forwarded|to sisters|(454,756)|
|Increase
in market value||1,486,929|
|Market value at|31 December 2021|31360015|
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|Investment
property||
|---|---|
|Market value at 1 January 2021||
|Transferred
to entity|1,045,000|
|Gains (losses) on revaluation||
|Market value at 31 December 2021|1,045,000|
|Total fixed asset investments|32,405,015|
##
|14|Debtors||||2021|2020|
|---|---|---|---|---|---|---|
||||||E||
||Trade debtors||||31,101||
||Other debtors||||1,100,405||
||||||1,131,506||
||Amounts
falling|due after more than one year and|included|in the debtors|||
||above are:||||||
||||||2021|2020|
||||||F||
||Other debtors due over 1 year||||991,366||
|15|Creditors: amounts|falling due within one year|2021|2020|
|---|---|---|---|---|
||||E||
||Trade creditors||57,100||
||Other creditors||90,026||
||Accruals||109,872||
||Deferred income||3,404||
||||260,402||
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|Analysis|o|fnet asse|ts bet|ween|funds||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||General|Designated|Restrcited|Total|
||||||||funds|funds|funds||
||||||||||E||
|Fund balances at 31|||December 2021 are||||||||
|represented||by:|||||||||
|Tangible|fixed assets||||||3,777,073|52,576|70,000|3,899,649|
|Investments|||||||22,764,323|6,964,642|2,676,050|32,405,015|
|Current assets|||||||1,419,976|224,474|30,273|1,674,723|
|Creditors:||amounts|falling|due|within|one|||||
|year|||||||(23,653)|(234,012)|(2,737)|(260,402)|
||||||||27,937,719|7,007,680|2,773,586|37,718,985|
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|17|Net cash|(oufflow)/inflow|from operating|activities|activities|||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||f|f.|
||Reconciliation
to changes||in resources|||||||
||Changes|in resources before revaluations||||||(1,197,930)||
||Investment|income||||||(483,195)||
||Depreciation
oftangible
fixed assets|||||||30,194||
||Increase
in debtors|||||||(74,660)||
||Increase
in creditors|||||||38,076||
|||||||||(1,687,515)||
|18|Reconciliation
ofnet cash flow to movement||||in net|funds||2021|2020|
||Decrease|in cash||||||(1,613,318)||
||Net funds|at 1 January|2021|||||2,156,535||
||Net funds|at 31 December 2021||||||543,217||
|19|Analysis|ofnet cash balances||||||||
||||||At 1 January||Cash flow|Non-cash|At 31|
|||||||2021||changes|December|
||||||||||2021|
||Cash at bank and in hand||||2,156,535||(1,613,318)||543,217|
||||||2,156,535||(1,613,318)||543,217|
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|At 31 December 2021 the company
had annual
commit|ments
under operating
leases as follows:||
|---|---|---|
||2021|2020|
|Expiry date:|||
|Within one year|23,572||
|Between two and five years|90,714||
|In over five years|26,218||
||140,504||
##
|Tangible fixed assets|3,922,852|
|---|---|
|Investment
properties|1,045,000|
|Investments|27,583,682|
|Debtors|1,056,848|
|Cash at bank|2,156,535|
|Creditors|(222,326)|
|Total net assets|35,542,591|
|Representing:||
|---|---|
|General funds|25,623,340|
|Revaluation
reserve|438,568|
|Designated
funds|6,393,040|
|Restricted funds|3,087,643|
|Total funds|35,542,591|