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2022-03-31-accounts

Operational Capital
6000s Permanent General Reserve Estate Project
Endowment Reserve Pund Total
ABDN Asset Portfolio 17196.5 0.0 0.0 0.0 17 196.5
Evelyn Partners Portfolio 2720.0 0.0 0.0 0.0 2 720.0
EdsnTree Portfolio 979.7 0.0 0.0 0.0 979.7
CCLA Portfolio 4815A 0.0 0.0 0.0 4 815.4
Investment Property 7538.5 0.0 0.0 0.0 7 538.5
Cash dt Deposits 502.7 572.7 0.0 3,476.9 4 552.3
Operational Property 0.0 0.0 7453.8 180.1 7633.9
Nei Current Assets -107.7 72.7 0.0 23.7 -204.1
Total 33645.1 500.0 7.453.8 3,633.3 45 32.2

Nid
Name omnate
By
Mr PAnderson The Stewards Committee ofthe Freemen ofNewcastle upon Tyne
Mr A RBainbridge The Stewards
Committee		 ofthe Freemen ofNewcastle upon Tyne
Mrs H Birkett The Stewards Committee
(Resigned 6"July 2022)		 ofthe Freemen ofNewcastle upon Tyne
SirLRFenwick CBE Co-opted
Mr JP Lee OBE (Chair) Co-opted
Mr LMcGray Co-opted
Mr D W Midgley OBE Co-opted (Appointed
14a		 September 2021)
Councillor Mrs H Stephenson Newcastle City Council (Resigned 16aJune 2022)
Councillor Mrs L Wright Newcastle City Council
Councillor A SAvei Newcastle City Council (Appointed 27a July 2021 and resigned
22" February 2022)
Councillor WBTaylor Newcastle City Council (Appointed 22" February 2022)
Canon PRStrange Bishop of Newcastle
Councillor P Frew Newcastle City Council (Appointed
4a August 2022)

THI8 PAGE IS IPITENTIONALLY 8LANK. 12

THI8 PAGE18 INTENTIONALLY BLANK 16

StMary Magdalene
&Holy Jesus Trust
Statement of Financial Activities for the Year		 Eading 31stMa rch 2022
Unrestricted Designated
&,
Restricted		 Endowment Total Total
Note Funds
OOOO's		 Funds
NOO's		 Funds
OOOO's		 2022
f000's		 2021
6000's
Income and endowments
from:		 1.3
Donations
and legacies
Charitable
activities
Investments
Totalincome and endowments		 557.5
I 235.1
1,792.6		 557.5
I 235.1
1,792.6		 518.3
I 067.7
1,587.3
Expenditure
on:		 278.5 278.5 227.4
Raising funds
Charitable
activities		 984.6 716.7 1,701.3 1,219.3
100.5
Exceptional
Item -Accelerated Depreciation
Other
Total expend/tare		 984.6 716.7 278.5 1,979.8 1,547.2
Net income / (expenditure)
before investment		 gains 808.0 ( 716.7) ( 278.5 ) ( 187.2 ) 40.1
Net gains
/ (losses) on investments		 13 - ( 848.0)( 848.0) 2,184.4
Net income
/ (expenditure)		 808.0 ( 716.7) ( 1,126.5 ) ( 1,035.2 ) 2,224.5
Transfers
Gross transfers between
funds		 18 808.0 ( 2841.1
3,557.8 )		 3649.1
2,522.6 (		 1,035.2 ) 2,224.5
Other recognised
gains
Other gains / (losses)
Net movement
ia funds		 ( 3,557.8 ) 2,522.6 ( 1,035.2 ) 2,224.5
Reconciliation of Funds
Total funds brought
forward		 500.0 14644.9 31 122.5 46,267.4 44042.9
Total funds carried forward 18 500.0 11,087,1 33645. 1 45232.2 46267.4



Statement ofFinancial A		 ctivities for the Year Ending 31st Mar ch 2021
Designated dt
Utuestricted Restricted Endowtuent Total Total
Note Funds Funds Funds 2021 2020
6000's 8000's f000's f000's f000's
Income and endowments from:
Donations
end legacies		 I 1.3 1.3
Charitable
activities		 2 518.3 518.3 541.0
Investments 3 I067.7 1,067.7 I 325.9
Toreii ncome end endowments 1,587.3 1,587.3 I $66.9
Expenditure
on:
Raising funds
Chmitable
activities
Exceptional
Item - Accelerated Depreciation		 4
(5)		 921.9 297.4
100.5		 227.4 227.4
1,219.3
100.5		 281.$ 1,002.0
Other
Toto/ expendgare 921.9 397.9 227.4 1,547.2 1,283.8
Net income / (expenditure) before invesun ant gains 665.4 ( 397.9) ( 227.4 ) 40.1 583.1
Net gains / (losses) on investments 13 89.9 2,094.5 2,184.4 ( 303.2)
Net income / (expenditure) 665.4 ( 308.0) 1,$67.1 2,224.5 279.9
Transfers
Gmss transfers
between		 funds 1$1165.4 I 165.4
( 500.0) $57.4 ],867.1 2224.5 279.9
Other recognised
gains
Other gains /(losses)
Net movemeat
in funds		 ( 500.0) 857.4 1,867.1 2,224.5 279.9
Reconciliation
ofFunds
Total funds brought
fonvard
Total funds carried forward		 18 1,000.0
500.0		 13787.5
14644.9		 29255.4
31.122.5		 44042.9
46267.4		 43763.0
44,042.9

StMary Magdalene
dh Holy Jesus Tru
Balance Sheet as at31st March 2022		 st
Designated
Unrestricted th Restricted Endowment Total Total
Note Funds
6000's		 Funds
f000's		 Funds
8000's		 2022
8000's		 2021
f000's
Fixed Assets:
Operational
Estate
Investments
Total Fixed Assets		 12
13		 7,633.9
7,633.9		 33295.2
33,295.2		 7,633.9
33295.2
40,929.1		 6,996.2
36,105.0
43,101.2
Current Assets
Debtors
Cash at bank and in hand
Total current assets		 14 33.0
572.7
605.7		 3,476.9
3,476.9		 36.3
502.7
539.0		 69.3
4 552.3
4,621.6		 285.3
3233.4
3,518.7
Liabilities
Creditors
Amounts
falling due within one year
Net current assets		 15 105.7
500.0		 23.7
3,453.2		 189.1
349.9		 318.5
4,303.]		 352.5
3,166.2
Total assets less current liabilities 500.0 11,087.1 33,645.1 45,232.2 46,267.4
Long Term Liabilities 16
Net Assets 500.0 11087.1 33,645.1 45232.2 46267.4
The funds ofthe charity
Permanent
Endowment
Fund
General Reserve
Capital Projects Fund
Northumberland
Street Sinking Fund
Operational
Estate Reserve		 500.0 3,633.3
7453.8		 33,645. 1 33,645.]
' 500.0
3,633.3
7453.8		 31,122.5
500.0
2,185.2
5,528.4
6931.3
Total Charity Funds 18 500.0 11087.1 33645.1 45232.2 46 267.4
StMary Magdalene
tb Holy		 Jesus Trust
Cash Plow Statement for the Year Ending 31u Marsh 2022
OOOO's 8000's
Notes 2022 2021
Net cash inflow &om operating activities (a) 167.6 39.7
Cash flow from investing
activities
Capital Expenditure
on Operational
Estate		 (810.5) (1,475.1)
Decrease in Net Investment
Income Receivable		 &2.5 17].8
Purchase ofinvestments
Sale ofinvestments 1,879.3
Net cash flow from financing activities I 151.3 1,303.3
Net increase in cash and cash equivalents 1318.9 (1,263.6)
Cash and cash equivalents
at		 IApril 2021 3,233.4 4,497.0
Cash and cash equivalents
at		 31March 2022 II 3 4552.3 3233.4
(a) Recoociliation ofnet incoming resources to net cash inflow from operating (a) Recoociliation ofnet incoming resources to net cash inflow from operating (a) Recoociliation ofnet incoming resources to net cash inflow from operating (a) Recoociliation ofnet incoming resources to net cash inflow from operating activities
Net (outgoing)
and losses		 resources before other recognised gains (187.2) 40.1
Depreciation 172.8 307.9
Decrease / (Increase) in Debtors 216.0 (177.1)
Increase
/ (Decrease) in Creditors		 (34.0) (131.2)
Net cash inflow / (outflow) from operating
activities		 ]67.6 39.7
(b) Cash and cash equivalents
consist of:
Cash at bank aod in hand 4,552.3 3,233.4
Cash and cash equivalents
at 31March 2022		 4552.3 3.2334

I Income from donations
and legacies		 Income from donations
and legacies		 2022
6000's		 2021
8000's
Donations Received 1.3
All donations
represent
unrestricted		 funds.
2 Incoming resources from charitable activides 2022
%000's		 2021
f000's
Sheltered Housing 557.5 518.3
3 Income from investments 2022
f000's		 2021
f000's
Commercial
Estate		 706.8 608.7
Managed Financial Investments
Interest on Other Cash Balances		 525.6
2.7
12351		 447.1
11.9
10677
4 Raising Funds: Raising Funds:
Investment management costs Unrestricted
f000's		 Restricted
f000's		 Endowment
f000's		 2022
f000's		 2021
f000's
Legal fees
Investment
Other		 manager fees 0.0
0.0
0.0		 0.0
0.0
0.0		 9.3
152.8
1]6.4
278.5		 9.3
152.8
116.4
278.5		 1.4
124.7
101.3
227.4

Analysis ofexpenditure
on charitable
act		 ivities
Activities
under		 Support Total Total
Taken Directly
f000's		 Costs
f000's		 2022
f000's		 2021
f000's
Sheltered Housing 1,309.9 380.7 1,690.6 1,306.4
Grants to Brethren 10.7 10.7 10.9
Other Donations 2.5
I 320.6 380.7 I 701.3 I 319.8
Allocation of Support Costs Total Total
2022 2021
All Support costs are attributable to Sheltered Housing f000's f000's
Provision ofMeals 47.4 68.9
Administration Salaries and Expenses 227.1 172.3
Administration Building Costs 50.4 39.9
Chaplaincy
Costs		 4.0
Governance 29.4 20.7
Other Support Costs 26.4 8.0
380.7 313.8

above figures. As aresult ofregistration,
 VAT amounting
to f		 44,434 (2021:f24,704) has been recover ed
during the		 year.
Governance
Casts		 Total Total
2022 2021
f000's f000's
Legal ErPmfessional
Fees		 16.7 8.2
Auditor's
Remuneration		 8.3 8.3
Insurance 1.7 1.7
Other 2.7 2.5
29.4 20.7
Net income /(expenditure) forthe year Total Total
2022
f00tys		 2021
f000's
Net income/(expenditure) for the year is stated after (charging) / crediting:
Depreciation oftangible fixed assets ( 172.8 ) ( 307.9)
Profit on sale ofinvestment propmty 79.3
Loss on fair value movement ofinvestment
property
Profit / Ooss) on fair value movement ofinvestmeats		 ( 989.9)
62.6		 2,184.4

The average monthly number ofemployees and full time equivalent (FTB) during the year wss as
follows:- 2022 2022 2021 2021
Average Number ofEmployees Average FTS Average FTE
Raising funds
Charitable
activities
Governance 6 6 7 7

Operational Estate
1'ixtums
QgetgijLnet ~~ader ~Fittin &
~Buildin Qgtgtruction Eguutment Total
f000's 6000's 8000's
Cost at 31st
Additions		 March 2021 14,460.2 64.8
810.5		 299.6 14,824.6
810.5
Transfers 695.2 (695.2)
Disposals
Cost at 31st		 March 2022 15155.4 180.1 299.6 15635.1
Depreciation
at 31stMarch 2021
Charge for year		 7,536.4
168.9		 292.0
3.9		 7,828.4
172.8
Accelerated Depreciation
Disposals
Depreciation		 at 31stMarch 2022 7705.3 295.9 8001.2
Net BookValue at 31stMarch 2022 7,450.1 180.1 3.7 7,633.9
Net Book Value at 31stMarch 2021 6,923.8 64.8 7.6 6,996.2
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anc
ial Statements for the Year Ended		 31stMarch 2022
2022 2021
f000's f000's
14 Debtors
Rents Receivable		 31.0 215.3
Prepayments
and Accrued Income		 38.3
69.3		 70.0
285.3
2022 2021
f000's f000's
15 Creditors
Trade Creditors
Accruals and Deferred Income		 46.9
271.6
318.5		 41.2
311.3
352.5
2022 2021
f000's f000's
16 Long Term Liabilities
Tyne and Wear Pension Fund shortfall payments
2022 2021
17 Deferred income f000's f000's
At 31 March 2021
Additions
during the year
Amounts
released to income
At 31 March 2022		 154.4
524.4
591.1
87.7		 108.7
609.0
563.3
154.4
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