2020-12-31-accounts - Sisters Of Mercy Sunderland

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Reference and Administrative	Reference and Administrative
Trustees' Report		2 to 9
Independent Auditors'	Report	10to 12
Statement ofFinancial	Activities	13to 14
Balance Sheet		15
Cash Flow Statement		16
Notes to the Financial	Statements	17to 28

						Unrestricted	Total
						funds	2020
					Note
Income and Endowments		from:
Donations and legacies						572,149	572,149
Investment income						863,909	863,909
Total Income						1,436,058	1,436,058
Expenditure on:
Raising funds					5	(93,718)	(93,718)
Charitable activities					4	(2,144,134)	~(2,144 134
Total Expenditure						2,237,852	~2,237.332)
Net income/(expenditure)		before	gains/posses)	on investments		801,794	(801,794)
Realised gains/losses on investment assets Unrealised gains/(losses) on investment assets						(1,305,624) ~(7),727)	(1,305,624) (171,720)
Net movement in funds						(2,279,138)	(2,279,138)
Reconciliation offunds
Total funds brought	forward					38,087,260	38,087,260
Total funds carried	forward					35,808,122	35,808,122

						Unrestricted	Total
						funds	2019
					Note
Incorue and Endowments	from:
Donations and legacies						541,442	541,442
Other trading activities						221,059	221,059
Investment income						1,144,618	1,144,618
Total Income						1,907,119	1,907,119
Expenditure on:
Raising funds					5	(382,987)	(382,987)
Charitable activities					6	(2,005,231)	(2,005,231)
Total Expenditure						(2,388,218)	(2,388,218)
Net income/(expenditure)	before	gains/(losses)		on investments		~481,099	~481,tl99
Realised gains/losses on investment		assets				117,349	117,349
Unrealised gains/(losses)	on investment		assets			3,248,509	3,248,509
Net movement in funds						2,884,759	2,884,759
Reconciliation offunds
Total funds brought forward						35,202,501	35,202,501
Total funds carried forward					16	38,087,260	38,087,260

						2020	2019
					Note
Cash flotvs from operating	activities
Net cash (expenditure)/income						(2,279,138)	2,884,759
Adjustments to cash flows from non-cash			items
Depreciation and impairment						24,278	24,196
Investment income					4	(863,909)	(1,144,618)
Revaluation ofinvestments Loss on disposal offixed assets held for the			charity's	own use		171,720 239	(3,248,509) ~634
						(2,946,810)	(1,484,206)
Working capital adjustments
Decrease/(increase) in debtors Increase/(decrease) in creditors					13 14	116,171 89,002	(470,417) ~332,849
Net cash flows fiom operating		activities				~62,743,637	~33,967,472
Cash flotvs from investing activities
Interest receivable and similar		income			4	15,333	15,068
Purchase oftangible fixed assets					11	(6,270)	(26,785)
Sale oftangible fixed assets						586,677	435,742
Purchase ofinvestments					12	(4,824,688)	(2,365,974)
Sale ofinvestments						5,651,561	1,394,015
Income fiom dividends						848,576	1,129,550
Net cash flows from investing		activities				2,271,189	581,616
Net decrease in cash and cash	equivalents					(470,448)	(1,385,856)
Cash and cash equivalents at	I	January				1,625,001	3,010,857
Cash and cash equivalents at 31December						1,154,553	1,625,001

			Unrestricted
			funds
				Total	Total
			General	2020	2019
Income &om dividends;
	Income &om listed investments		762,028	762,028	1,032,090
	Income I'rom other unlisted	investments	86,548	86,548	97,460
Interest receivable and similar income;
	Interest receivable on bank	deposits	1,048	1,048	4,197
	Other interest receivable		14,285	14,285	10,871
			863,909	863,909	1,144,618
5	Expenditure on raising funds

a) Costs o	ftrading activities
		Total	Total
		2020	2019
Wages and	salaries		167,135
StaffNIC			11,579
Staffpensions			2,894
Stafftraining			4,293
Rates			720
Water rates			2,566
Light and heat			11,298
Insurance			5,439
Recreational	facilities		1,753
Repairs and	maintenance		45,768
Telephone			1,994
Household	and provisions		13,898
Hire ofequipment			6,069
Printing, postage and stationery			1,410
Medical supplies			1,366
Advertising			341
			278,523

		Activity
		undertaken	Total	Total
		directly	2020	2019 f
Grants paid		44,000	44,000	47,000
Charity and donations		526,217	526,217	649,510
Bank charges				235
Motor and travel expenses				1,513
General expenses				3,308
Legal and professional	fees			2,709
Loss on disposal offixed assets		323,896	323,896	33,456
		894,113	894,113	737,731

the year expre	ssed as full time equivalents was as fo	llows;
		2020		2019
		No		No
Management	staff		6		6
Administration	staff		14		8
Domestic staff			Il		13
Care staff			13		13
			44		40

11 Tangible fixed assets
	Land and	Furniture and	Motor
	buildings	equipment f	vehicles f	Total f
Cost
At 1 January 2020	6,624,135	361,949	137,486	7,123,570
Additions Disposals	~583.605	6,270 (16,315)	(11,086)	6,270 (611,006)
At 31December 2020	6,040,530	351,904	126,400	6,518,834
Depreciation
At 1 January 2020		255,237	103,899	359,136
Charge for the year Eliminated on disposals		16,001 ~33,485	8,277 ~30,605	24,278 ~24,090
At 31December 2020		257,753	101,571	359,324
Net book value
At 31December 2020	6,040,530	94,151	24,829	6,159,510
At 31December 2019	6,624,135	106,712	33,587	6,764,434
12 Fixed asset investments
			2020	2019
			f	f
Other investments			28,182,884	29,181,477

13 Debtors
		2020	2019
Trade debtors		1,164	1,164
Prepayments		68,542	137,831
Other debtors		425,322	472,204
		495,028	611,199
Debtors includes f393,321(2019:f429,333)receivable	after more than one year.
		2020	2019
			f
Other debtors		393,321	429,333

14 Creditors:	amounts falling due within one year
		2020	2019
Other taxation	and social security	10,996	14,696
Other creditors		832	578
Accruals		172,025	79,577
		183,853	94,851