## |Trustees Annual Report|Trustees Annual Report|| |---|---|---| |Independent|Auditors
Report|| |Statement|ofFinancial Activities|| |Balance Sheet||| |Statement|ofCash Flows|| |Accounting|Policies and Notes to the Financial|Statements| ## ## ## ## ## ## ## ## |f000s|Permanent|General|Operational
Estate|Capital
Project|| |---|---|---|---|---|---| ||Endowment|Reserve|Reserve|Fund|Total| |ABDN Asset Portfolio|15,908.5||||15908.5| |Evelyn Partners Portfolio|2,640.8||||2640.8| |EdenTree
Purlfuiiu|896.9||||896.9| |CCLA Portfolio|4633.2||||4633.2| |Investment
Property|7,583.5||||7,583.5| |Cash dr Deposits|551.2|562.1||I 628.5|2741.8| |Operational
Property|||7774.9||7774.9| |Assets Under Construction||||2 636.8|2 636.8| |Other Current
Liabilities|198.9|62.1||506.1|767.1| |Total|32015.2|500.0|7774.9|37592|44049.3| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Mrs Ranjana Bell|Co-opted|| |---|---|---| ||(Appointed|30u May 2023)| |Mr JPLeeOBE (Chair)|Co-opted|| |Mr LMcGray|Co-opted|| |Mr D WMidgley OBE|Co-opted|| |Councillor Mrs H Stephenson|Newcastle|City Council (Resigned 16"June 2022)| |Councillor Mrs LWright|Newcastle|City Council| |Councillor WBTaylor|Newcastle|City Council| |Canon PRStrange|Bishop ofNewcastle|| |Councillor PFrew|Newcastle|City Council (Appointed 4a August 2022)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Statement ofFinancial A|ctivities for the Vee|r Ending|31st M|arch 2023|||||| |---|---|---|---|---|---|---|---|---|---| ||||||Designated|Jt|||| |||||Unrestricted|Restricted||Endowment|Total|Total| ||||Note|Funds|Funds||Funds|2023|2022| |||||f000's|f000's||f000's|6000's|f000's| |Income and endowments|frotnt||||||||| |Donations
and legacies|||1|0.4||0.0|0.0|0.4|0.0| |Charitable
activities|||2|587.7||0.0|0.0|587.7|557.5| |Investments|||3|1,228.7||0.0|0.0|1,228.7|1,235.1| |Totalincome and endowments||||1,816.8||0.0|0.0|1,816.8|1,792.6| |Expenditure
on:|||||||||| |Raising funds|||4|0.0||0.0|289.9|289.9|278.5| |Charitable
activities|||5|1,018.7|158.4||0.0|1,177.1|1,701.3| |Other||||0.0||0.0|0.0|0.0|0.0| |Total tot/tend/tare||||1,018.7|158.4||289.9|1,467.0|1,979.8| |Net income
/ (expenditure)|before investment|gains||798.1|(158.4)||(289.9)|349.8|(187.2)| |Net losses on investments|||13|0.0||0.0|(1,532.7)|(1,532.7)|(848.0)| |Net income
/ (expenditure)||||798.1|(158.4)||(1,822.6)|(1,182.9)|(1,035.2)| |Transfers|||||||||| |Gross transfers between|funds||18|798.1|605.4||192.7|0.0|| |||||0.0|447.0||(1,629.9)|(1,182.9)|(1,035.2)| |Other recognised
gains|||||||||| |Other gains
/ (losses)||||0.0||0.0|0,0|0.0|0.0| |Net movement
in funds||||0.0|447.0||(1,629.9)|(1,182.9)|(1,035.2)| |Reconciliation
ofFunds|||||||||| |Total funds brought
forward||||500.0|11,087.1||33645, 1|45,232.2|46,267.4| |Total funds carried forward|||18|500.0|11,534.1||32015.2|44,049.3|45232.2| ## ## |||||||Designated &|||| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Endowment|Total|Total| |||||Note|Funds|Funds|Funds|2022|2021| ||||||f000's|f000's|f000's|f000's|f000's| |Iocome and endowments||from:|||||||| |Donations|and legacies|||I|0.0|0.0|0.0|0.0|1.3| |Charitable|activities|||2|557.5|0.0|0.0|557.5|518.3| |Investments||||3|1,235.1|0.0|0.0|1,235.1|1,067.7| |Total /aroma aad|endowments||||1,792.6|0.0|0.0|1,792.6|1,587.3| |Expenditure
on:|||||||||| |Raising funds|||||0.0|0.0|278.5|278.5|227.4| |Charitable
activities|||||984.6|716.7|0.0|1,701.3|1,219.3| |Exceptional
Item - Accelerated Depreciation|||||0.0|0.0|0.0|0.0|100.5| |Other|||||0.0|0.0|0.0|0.0|0.0| |Terai rxpeadi/ure|||||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|0.0|0.0|(848.0)|(848.0)|2,184.4| |Net income
/ (expenditure)|||||808.0|(7167)|(1,126.5)|(1,035.2)|2,224.5| |Transfers|||||||||| |Gross transfers|between|funds||18|(808.0)|(2,841.1)|3,649.1|0.0|0.0| ||||||0.0|(3,557.8)|2,522.6|(1,035.2)|2,224.5| |Other recegnised|gains||||||||| |Other gains
/ (losses)|||||0.0|0.0|0.0|0.0|0.0| |Net movement
in|funds||||0.0|(3,557.8)|2,522.6|(1,035.2)|2,224,5| |Reconciliation
of|Funds||||||||| |Total funds brought forward|||||500.0|14,644.9|31,122.5|46,267.4|44,042.9| |Total funds carried forward||||18|500.0|11,087.1|33645.1|45 232.2|46,267.4| ## |||||||Designated|||| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|dt Restricted|Endowment|Total|Total| |||||Nate|Funds|Funds|Funds|2023|2022| ||||||6000's|f000's|f000's|f000's|6000's| |Fixed Assets:|||||||||| |Operational|Estate|||12|0.0|I0,411.7|0.0|10,411.7|7,633.9| |Investments||||13|0.0|0.0|31,662.8|31,662.8|33,295.2| |Total Fixed Assets|||||0.0|10,411.7|31,662.8|42,074.5|40,929.1| |Current
Assets|||||||||| |Debtors||||14|22.6|0.0|13.5|36.1|69.3| |Cash at bank|and in hand||||561.8|1,628.5|551.2|2,741.5|4,552.3| |||Total current assets|||584.4|1,628.5|564.7|2,777.6|4,621.6| |Liabilities|||||||||| |Creditors|||||||||| |Amounts
falling due within one year||||15|(84,4)|(506.1)|(212.3)|(802.8|(318.5| |||Net current assets|||500.0|1,122.4|352.4|1,974.8|4,303.1| |Total assets less current|||liabilities||500.0|11,534.1|32,015.2|44,049.3|45,232.2| |Long Term Liabilities||||16|0.0|0.0|0.0|0.0|0.0| ||||Net Assets||500.0|11,534.1|32,015.2|44,049.3|45,232.2| |The funds ofthe charity|||||||||| |Permanent
Endowment||Fund|||0.0|0.0|32,015.2|32,015.2|33,645.1| |General Reserve|||||500.0|0.0|0.0|500.0|500.0| |Capital Projects|Fund||||0.0|3,759.2|0.0|3,759.2|3,633.3| |Operational
Estate Reserve|||||0.0|7,774.9|0.0|7,774.9|7,453.8| ||Total|Charity Funds||18|500.0|11,534.1|32,015.2|44,049.3|45,232.2| |StMary Magdalene LHoly Jesus Trust|||||| |---|---|---|---|---|---| |Cash Flow Statement for the Year Ending 31'||March|2023||| |||||f000's|f000's| ||||Notes|2023|2022| |Net cash inflow from operating
activities|||(a)|1,053.8|167.6| |Cash flow from investing
activities|||||| |Capital Expenditure
on Operational
Estate||||(2,964.3)|(810.5)| |Net investment
income received||||(615.0)|82.5| |Purchase ofinvestments||||(3,845.4)|| |Sale ofinvestments||||4,560.1|1,879.3| |Net cash flow from investing
activities||||2,864.6|1,151.3| |Net increase in cash and cash equivalents||||(1,810.8)|1,318.9| |Cash and cash equivalents
at I April 2022||||4,552.3|3,233.4| |Cash and cash equivalents
at 31March 2023|||(b)|2,741.5|4,552.3| |(a) Reconcfliation ofnet incoming resources to||net cash inflow from operating|||activities| |Net (outgoing)
resources before other recognised
and losses||gains||349.8|(187.2)| |Depreciation||||186.5|172.8| |Decrease
/ (Increase)|in Debtors|||33.2|216.0| |Increase
/ (Decrease)|in Creditors|||484.3|(34.0)| |Net cash inflow / (outflow) from operating|activities|||1,053.8|167.6| |(b) Cash and cash equivalents
consist of:|||||| |Cash at bank and in hand||||2,741.5|4,552.3| |Cash and cash equivalents
at31March 2023||||2,741.5|4,552.3| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |I|Income from donations|Income from donations|and legacies|and legacies||2023|2022| |---|---|---|---|---|---|---|---| |||||||f000's|8000's| ||Donations
Received|||||0.4|| ||All donations
represent unrestricted|||funds.|||| |2|Incoming
resources|from charitable|||activities|2023
f000's|2022
6000's| ||Sheltered Housing|||||587.7|557.5| |3|Income from investments|||||2023|2022| |||||||8000's|f000's| ||Commercial
Estate|||||490.2|706.8| ||Managed Financial|Investments||||711.1|525.6| ||Interest on Other Cash Balances|||||27.4|2.7| |||||||1,228.7|1,235.1| |4|Raising Funds:|Raising Funds:||||||| |---|---|---|---|---|---|---|---|---| ||Investment|management|costs|Unrestricted|Restricted|Endowment|2023|2022| |||||f000's|6000's|f000's|6000's|f000's| ||Legal fees|||0.0|0.0|5.5|5.5|9.3| ||Investment|manager fees||0.0|0.0|142.3|142.3|152.8| ||Other|||0.0|0.0|142.1|142.1|116.4| |||||0.0|0.0|289.9|289.9|278.5| |5|Analysis ofexpenditure|on charitable|on charitable|activities||||| |---|---|---|---|---|---|---|---|---| ||||||Activities under|Support|Total|Total| ||||||Taken Directly
f000's|Costs
f000's|2023
f,000's|2022
f000's| ||Sheltered Housing||||765.9|401.3|1,167.2|1,690.6| ||Grants to Brethren||||9.7|0.0|9.7|10.7| ||Other Donations||||0.2|0.0|0.2|0.0| ||||||775.8|401.3|1,177.1|1,701.3| |6|Allocation ofSupport|Costs|||||Total|Total| ||||||||2023|2022| ||All Support costs are attributable
Provision ofMeals||to Sheltered Housing||||f000's
43.3|f000's
47.4| ||Administration
Salaries|and Expenses|||||240.4|227.1| ||Administration
Building|Costs|||||63.8|50.4| ||Chaplaincy
Costs||||||0.0|0.0| ||Governance||||||25.4|29.4| ||Other Support Costs||||||28.4|26.4| ||||||||401 3|3807| |7|Governance|Costs|||||Total|Total| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| ||||||||f000's|f000's| ||Legal &Professional
Fees||||||10.0|16.7| ||Auditor's
Remuneration||||||10.1|8.3| ||Insurance||||||1.7|1.7| ||Other||||||3.6|2.7| ||||||||25.4|29.4| |8|Net income|/ (expenditure)
for the year|||||Total
2023|Total
2022| ||||||||f000's|f000's| ||Net income/(expenditure)|||for the year is stated after (charging)||/ crediting:||| ||Depreciation|oftangible|fixed assets||||(186.5)|(172.8)| ||Profit on sale ofinvestment|||property|||0.0|79.3| ||Loss on fair|value movement of investment|||property||0.0|(989.9)| ||Profit / (loss) on fair value|||movement of investments|||(1,532.7)|62.6| ## ## ## |The average
monthly
number ofemployees
and full
follows:-|time equivalent
(FTE) during
the ye|ar was as||| |---|---|---|---|---| ||2023|2023|2022|2022| |Average Number ofEmployees|Average|FTE|Average|FTE| |Raising funds||||| |Charitable
activities||||| |Governance||||| |The total staff costs and employee|benefit's was as follows:|2023|2022| |---|---|---|---| |||f000's|$000's| |Gross Wages||221.9|199.8| |NI Contributions||23.2|20.2| |Pension Contributions||33.8|30.8| |||278.9|250.8| |Agency Staff||29.3|46.7| |||308.2|297.5| ## ## |||Operational|||| |---|---|---|---|---|---| |||B~uildin|Construction|&E&Eu&iment|Total| |||6000's||6000's|a000's| |Cost at 31st|March 2022|15,155.4|180.1|299.6|15,635.1| |Additions||0.0|2,964.3|0.0|2,964.3| |Transfers||507.6|(507.6)|0.0|0.0| |Disposals||274.1)|0.0|(12.6|(286.7)| |Cost at 31st|March 2023|15,388.9|2,636.8|287.0|18,312.7| |Depreciation|at 31stMarch 2022|7,705.3|0.0|295.9|8,001.2| |Charge for year||183.1|0.0|3.4|186.5| |Disposals||(274.1|0.0|(12.6|(286.7)| |Depreciation|at 31st March 2023|7,614.3|0.0|286.7|7,901.0| |Net Book Value at 31stMarch 2023||7,774.6|2 636.8|0.3|10411.7| |Net Book Value at 31stMarch 2022||7,450.1|180.1|3.7|7,633.9| |||||||CD|0||m|0||||cd||VI||d|aa|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||Cd|000
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N| ## ## ## ## ## ## ## ## ## ## ## |As ar 31|March 2023|||||| |---|---|---|---|---|---|---| |||Unrestricted|Designated|Restricted|Endowment|Total| |||f000|f000|f000|f000|f000| |Fixed assets||0.0|10,411.7|0.0|31,662.8|42,074.5| |Cash and|current asset investments|561.8|1,628.5|0.0|551.2|2,741.5| |Other current assets/liabilites||(61.8)|(506.1)|0.0|(198.8)|(766.7)| |Creditors|due in more than one year|0.0|0.0|0.0|0.0|0.0| |||500.0|11,534.1|0.0|32,015.2|44,049.3| |As ar31/tfarch 2022||||||| |||Unrestricted|Designated|Restricted|Endowment|Total| |||f000|f000|f000|f000|f000| |Fixed assets||0.0|7,633.9|0.0|33,295.2|40,929.1| |Cash and|current asset investments|572.7|3,476.9|0.0|502.7|4,552.3| |Other current assets/liabilites||(72.7)|(23.7)|0.0|(152.8)|(249.2)| |Creditors|due in more than one year|0.0|0.0|0.0|0.0|0.0| |||500.0|11,087.1|0.0|33645.1|45
32.2| ## ##