##
##
|Trustees|SisterElizabethDenneny,Trustee|
|---|---|
||SisterAgnesDunne,Trustee|
||SisterMaryJosephineDolan,Trustee|
||SisterMaryCondron,Trustee|
||SisterEileenHolland,Trustee|
|Charityregistered||
|---|---|
|number|229662|
|Principaloffice|StGeorge'sRetreat|
||DitchlingCommon|
||Ditchling|
||WestSussex|
||RH150SQ|
|Independentauditors|KrestonReevesLLP|
||CharteredAccountants|
||9DonningtonPark|
||85BirdhamRoad|
||Chichester|
||WestSussex|
||PO207AJ|
|Bankers|BarclaysBankplc|
||CorporateBankingCentre|
||POBox112|
||Horsham|
||WestSussex|
||RH121YQ|
||TheBankofIreland|
||36QueenStreet|
||London|
||EC4R1HJ|
|Solicitors|DMH|
||100Queen'sRoad|
||Brighton|
||EastSussex|
||BN13YB|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
||Note|£|£|£|£|
|Incomefrom:||||||
|Donationsandlegacies|3|-|-|-|720,934|
|Charitableactivities||-|-|-|7,320,513|
|Othertradingactivities||-|-|-|44,259|
|Investments|5|10,302|-|10,302|209,073|
|Otherincome|6|484,033|-|484,033|18,906|
|Totalincome||
494,335|
-|
494,335|
8,313,685|
|Expenditureon:||||||
|Raisingfunds||51,214|-|51,214|3,040|
|Charitableactivities|8|35,465,357|790,582|36,255,939|8,080,115|
|Totalexpenditure||
35,516,571|
790,582|
36,307,153|
8,083,155|
|Netmovementinfunds||
(35,022,236)|
(790,582)|
(35,812,818)|
230,530|
|Reconciliationoffunds:||||||
|Totalfundsbroughtforward||35,265,986|790,582|36,056,568|35,826,038|
|Netmovementinfunds||(35,022,236)|(790,582)|(35,812,818)|230,530|
|Totalfundscarriedforward||
243,750
|
-
|
243,750
|
36,056,568
|
##
||||2022||2021|
|---|---|---|---|---|---|
||Note|||||
|Fixedassets||||||
|Tangibleassets|43||70,200||27,033,567|
||||70,200||27,033,567|
|Currentassets||||||
|Stocks|14|||58,104||
|Debtors|15|173,550||2,661,719||
|Bankandcashbalances||||3,140,450||
|Fixedassetsheldforsale||||3,942,655||
|||173,550||9,802,928||
|Creditors:amountsfallingduewithinone||||||
|year|16|||(779,927)||
|Netcurrentassets|||173,550||9,023,001|
|Totalassetslesscurrentliabilities|||243,750||36,056,568|
|Totalnetassets|||243,750||36,056,568|
|Charityfunds||||||
|Restrictedfunds|17||||790,582|
|Unrestrictedfunds|17||243,750||35,265,986|
|Totalfunds|||243,750||36,056,568|
##
##
##
##
|Freeholdproperty|-straightlineover75years|
|---|---|
|Long-termleaseholdproperty—-straightlineover75years||
|Motorvehicles|-25%reducingbalance|
|Fixturesandfittings|-25%straightline|
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||£|£|£|
||Donations|
-|
-|
720,934|
|4.|Incomefromcharitableactivities||||
||||Total|Total|
||||funds|funds|
||||2022|2021|
||||£|£|
||Residents’feesandextras||-|7,320,513|
|5.|Investmentincome||||
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2022|2022|2021|
|||£|£|£|
||Rentalincomeandinterestreceivable|10,302|10,302|209,073|
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||£|£|£|
|Other|incomingresources|435,339|435,339|18,906|
|Gain|ondisposal|48,694|48,694|-|
|||
484,033
|
484,033
|
18,906
|
##
##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||£|£|£|
|Shoppurchases|-|-|3,040|
|Baddebtwriteoff-PlymptonHouse|51,214|51,214|-|
||
51,214|
51,214|
3,040|
|Analysisofexpenditurebyactivities||||
||Activities|||
||undertaken|Total|Total|
||directly|funds|funds|
||2022|2022|2021|
||£|£|£|
|Residents'feesandextras|-|-|8,080,115|
|TransferofassetsanddonationstonewCIO|36,255,939|36,255,939|-|
||
36,255,939|
36,255,939|
8,080,115|
|Analysisofdirectcosts||||
|||Transferof||
||Residents'|assetsand||
||feesand|donations|Total|
||extras|tonewClO|funds|
||2022|2022|2022|
||£|£|£|
|TransfertonewCIOentity|-|35,461,368|35,461,368|
|Donations|-|794,571|794,571|
||
-
|
36,255,939
|
36,255,939
|
##
##
##
##
##
|||Transfer|of||
|---|---|---|---|---|
||Residents'|assetsand|||
||feesand|donations|to|Total|
||extras|newCIO||funds|
||2021|2021||2021|
||£||i|£|
|Staffcosts|5,246,354|-||5,246,354|
|Establishmentandcareexpenses|1,341,697|-||1,341,697|
|Staffcosts,agencyandtraining|387,065|-||387,065|
|Badanddoubtfuldebts|2,262|-||2,262|
|Bankcharges|21,781|-||21,781|
|Depreciationontangiblefixedassets|301,642|-||301,642|
|Lossondisposaloffixedassets|479|-||479|
|Farmcosts|46,050|-||46,050|
|Legalandprofessional|122,611|-||122,611|
|Repairsandmaintenance|550,751|-||550,751|
|Governancecosts|59,423|-||59,423|
||
8,080,115
|
-
|
|
8,080,115
|
##
##
##
##
||2022|2021||
|---|---|---|---|
||£||£|
|Wagesandsalaries|-|4,692,986||
|Socialsecuritycosts|-|437,057||
|Contributiontodefinedcontributionpensionschemes|-|116,311||
||-|5,246,354||
||2022|2021|
|---|---|---|
||No.|No.|
|Servicestoresidents|-|188|
|Managementandadministration|-|22|
|||210|
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||No.|No.|
|In|the|band£60,001|-|£70,000|-|4|
|In|the|band£70,001|-|£80,000|-|1|
|In|the|band£90,001|-|£100,000|-|1|
|In|the|band£120,001||-£130,000|-|1|
##
##
|||||||||||||||||Total|£||||30,708,549|(30,638,349)|70,200|3,674,982|(3,674,982)|||70,200|27,033,567|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||Otherfixed|assets|£||||7,000|-|7,000|-|-|||7,000|7,000|
||||||||||||||||Fixtures|andfittings|£||||1,616,034|(1,616,034)||1,390,811|(1,390,811)||||225,223|
||||||||||||||||Motor|vehicles|£||||261,545|(261,545)||210,118|(210,118)||||51,427|
|||||||||||||||Assets|under|construction|£||||5,900,727|(5,900,727)|-|-|-|||-|5,900,727|
|||||||||||||||Long-term|Freehold
leasehold|property
property|£
£||||11,261,608
11,661,635|(11,261,608)(11,598,435)|-
63,200|625,788
1,448,265|(625,788)
(1,448,265)|||-
63,200|10,635,820
10,213,370|
|Notestothefinancialstatements||||fortheyearended31December2022|||||||13.
Tangiblefixedassets|||||||Costorvaluation|||At
1January2022|Transfersbetweenclasses|At31December2022|At
1January2022|Transfersbetweenclasses|At31December2022|Netbookvalue|At31December2022|At31December2021|
|Notestothefinancialstatements|fortheyearended31December2022|13.
Tangiblefixedassets(continued)|Freehold
properties
include
land
with
a
netbook
value
of
£nil
(2021:
£5,310,216)
which
is
not|depreciated.TheseassetsweretransferredtotheCharity CIO.|Freehold
properties
include
investment
properties
of
£nil
(2021:
£4,100,000).
These
assetswere|transferredtotheCharityCIO.|Leasehold
propertiesincludeinvestmentpropertiesamounting
to£63,200
(2021:£632,000).These|assetsweretransferredtotheCharityCIOwiththeexemptionof1property.|InvestmentpropertiesunderFreeholdPropertiesweresubjecttoindependent,professionalvaluationat|31December2015.Thevaluationwasundertakenbyvariouslocalestateagentswithgoodknowledgeof|thepropertiesandtheirlocations.ThevaluewasreviewedbyStuartWarrenDipSurv(CEM)MRICS|MBIFMbeforetheamountswereapprovedtobeincludedwithintheaccounts.
In2022theinvestment|propertieswerereviewedandthevaluationsweredeemedappropriate.Theseassetsweretransferredto|theCharityCIO.|InvestmentpropertiesheldwithinLongtermleaseholdproperty
intheprioryearweresubjecttoan|independent,professionalvaluationat31December2018.ThevaluationwasundertakenbyCuthbert|Lake,CharteredSurveyors.TheseassetsweretransferredtotheCharityClOwiththeexemptionofone|apartment.|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
##
##
|||2022|2021||
|---|---|---|---|---|
||Finishedgoodsandgoodsforresale||58,104||
|15.|Debtors||||
|||2022|2021||
|||||£|
||Tradedebtors||486,344||
||Amountsowedbygroupundertakings||1,834,643||
||Otherdebtors||162,038||
||Prepaymentsandaccruedincome|173,550|178,694||
|||173,550|2,661,719||
##
||2022|2021|
|---|---|---|
|Tradecreditors||241,159|
|Othertaxationandsocialsecurity||107,008|
|Pensionfundloanpayable||1,260|
|Othercreditors||172,476|
|Accrualsanddeferredincome||258,024|
|||779,927|
##
##
|||||||Balanceat|
|---|---|---|---|---|---|---|
|||Balanceat|1|||31|
|||January||||December|
|||2022||Income|Expenditure|2022|
||||£|£|£|£|
|Unrestrictedfunds|||||||
|GeneralFunds-|
allfunds|
35,265,986|
|
494,335|
(35,516,571)|
243,750|
|Restrictedfunds|||||||
|Bursaryfund||500,000||-|(500,000)|-|
|DavidMaskell||237,812||-|(237,812)|-|
|FleurCowlesCharitableFoundation||52,770||-|(52,770)|-|
|||
790,582|
|
~|
(790,582)|
-|
|Totaloffunds||36,056,568||494,335|(36,307,153)|243,750|
|Statementoffunds-prioryear|||||||
|||||||Balanceat|
|||Balanceat||||31|
|||1January||||December|
|||2021||Income|Expenditure|2021|
||||£|£|£|£|
|Unrestrictedfunds|||||||
|GeneralFunds|-allfunds|
35,035,935|
|
8,313,685|
(8,083,634)|
35,265,986|
|Restrictedfunds|||||||
|Bursaryfund||500,000||-|-|500,000|
|DavidMaskell||237,812||-|-|237,812|
|FleurCowlesCharitableFoundation||52,770||-|-|52,770|
|||
790,582
|
|
-
|
-
|
790,582
|
|Totaloffunds||35,826,517||8,313,685|(8,083,634)|36,056,568|
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||£|£|
|Tangible|fixed|assets|70,200|70,200|
|Current|assets||173,550|173,550|
|Total|||243,750|243,750|
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2021|
|||||£|£|£|
|Tangible|fixed|assets||26242,985|790,582|27,033,567|
|Current|assets|||9,802,928|-|9,802,928|
|Creditors|due|within|oneyear|(779,927)|-|(779,927)|
|Total||||
35,265,986|
790,582|
36,056,568|
##
##