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||||Miss PA. Shoulder||||
|---|---|---|---|---|---|---|
||||Miss M.M. Rowntree||||
||||Miss 5.CChnscon||||
||||Miss K. Matthews||||
||||Mrs A.M.Shanks||||
||||Mrs A.M.Thompson||||
|Charity|number||229943||||
|Principal|address||St Anthony' sConvent|of|Mercy||
||||Oakiea||||
||||Tunstall
Road||||
||||Sunderland||||
||||Tyne 3 Wear||||
||||SR2 7IR||||
||||WhitnaBs||||
||||Trident House||||
||||105Derby Road||||
||||Uverpool||||
||||l20 BLZ||||
|Bankers|||National
Westminster|Bank pic|||
||||52 Fawcett Street||||
||||Sunderland||||
||||SR1158||||
|Solicitors|||WOmble
BOnd DiCkinsOn||iUK) I.LP||
||||One Trinity||||
||||Broad Chare||||
||||Newcastle
upon Tyne||||
||||NE12HF||||
|Investment||advisors|Irwestec Wealth and|investment||Limited|
||||30Gresham 5treet||||
||||London||||
||||EC2V 7QN||||
##
|Trustees'|report||
|---|---|---|
|indapendentauditor's||report|
|statement|offinancial|activities|
|Balance sheet|||
|statement|ofcash flows||
|Notes to|the financial|statements|
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||||||Vnrestrkted|Vnrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
|||||Noses|6|6|
|Income and endovnnants|||from:||||
|Donations
and legacies|||||414,604|499,855|
|Investments|||||964,030|1,062,426|
|Other mcoma||||||668|
|Total Income|||||1,378,634|1,562,949|
|d'|||||||
|Raising funds||||5|95,306|106,258|
|Charitable
activities||||6|2,568,503|2,275,495|
|Total expenditure|||||2,663,809|2,381,753|
|Net gains/(losscsl||on investments||11|(4,452,845 l|2,591,338|
|Net movement|In funds||||(5,738,020)|1,772,534|
|Fund balances at||1January|2022||37,580,657|35,808,123|
|Fund bahsnces at||31December 2022|||31,842,637|37,580,657|
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|||||2022||2021||
|---|---|---|---|---|---|---|---|
|||||2||2||
|Rxed assets||||||||
|Tanf
lhie assets|||13||6,130,277||6,145,591|
|Investments|||14||24,796,268||30,468,162|
||||||30,926,545||36,613,753|
|Current assets||||||||
|Debtors|||15|437,103||471,884||
|Cash at bank|and in|hand||618,708||607,907||
|||||1,055,8tl||1,079,791||
|Credltonu
amounts||falBng due within one||||||
|year|||16|(139,719)||(112,887)||
|lect current assets|||||916,092||966,904|
|Total assets less current liabiBtfes|||||31,842.637||37,580,657|
|Income funds||||||||
|Vnrestncted|funds||||31,842,637||37,580,657|
||||||3L842,637||37,590,657|
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||||2022||2021||
|---|---|---|---|---|---|---|
||||8||8||
|Cash flows from operating artMtles|||||||
|Cash absorbed
by operations||||(2,177,331I||(1,907,332l|
|Invesdng
activities|||||||
|Purchase oftangible
fixed assets|||(4,398l||(9,801l||
|Proceeds from disposal oftangible|lixed|assets|9,451||2,ID00||
|Purchase ofinvestments|||(4,584,530l||(2,599,290l||
|Proceeds from disposal of investments|||5,$03,579||2,905,350||
|Investment
Income received|||964,030||1,D62,426||
|Net cash geeerated froru irwesting|acgvhies|||2,188,132||1,360,685|
|Net cash used ln (tnancing activities|||||||
|Net increase/(decrease)
ln cash and cash equivalents||||10,801||(546,647l|
|Cash and cash equivalents
at beginning||ofyear||607,907||1,154,554|
|Cash and cash equivalents
at end|ofyear|||618,7D8||607,907|
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|||||Vnrestrltsed|Vnrestrlcted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
|||||E|6|
|Gifts - covenanted||pensions|and salaries|413,941|439,854|
|ttonations|from individuals|||663|60,001|
|||||414,604|499,655|
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||||Vnrestricted|Vnrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2022|2021|
||||E|E|
|Income|fram listed investments||859,539|962,340|
|Income|from unlisted|investments|84,417|87,346|
|Interest|receivable||20,074|12,740|
||||964,030|1,062,426|
##
|||Totai|Vnrestrlcted|
|---|---|---|---|
||||funds|
||||2021|
||||E|
|Other|income||668|
||||Vnrestrfcted|Vnrestricted|
|---|---|---|---|---|
||||funds|funds|
||||Z022|Z021|
||||E|E|
|Investment|manager's|fees|95,306|106,258|
||||95,306|106,258|
##
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||||Charitable|Charitable|
|---|---|---|---|---|
||||aclivttks|activities|
||||2022|2021|
||||6|6|
|Staffcosts|||806,874|751,549|
|Premises|costs||214,561|146,604|
|Household|and provisions||106,167|113,067|
|Religious|and chapel|expenses|14,883|33,566|
||||1,152,485|1,044,786|
|Grant fundmg ofacllvlties (see note 7)|||1,L89,415|985,329|
|Share ofsupport costs (see note 8)|||186,735|187,570|
|Share ofgovernance||costs (see note 8l|39,868|57,810|
||||2,568,503|2,275,495|
||||Charitable|Charitable|
|---|---|---|---|---|
||||acti vitfes|activities|
||||2022|2021|
||||6|6|
|Grants|to|institutionu|||
|Other|||1,132,415|923,329|
|Grants|to|individuals|57,000|62,000|
||||1,189,415|985,329|
##
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|||Suppostcosts|Governance|2022|Support costs|Governance|2021|
|---|---|---|---|---|---|---|---|
||||costs|||costs||
||||f|||6||
|Depreciation||10,261||10,261|21,721||21,721|
|Telephone||5,206||5,2D6|4,81D||4,81D|
|Motor and trave|I|48,202||48,202|43,883||43,883|
|Bad and doubtful|debts||||1,164||1,164|
|Bank charges||3,929||3,929|4,421||4,421|
|printing,
postage|and|||||||
|stationery||20,606||20,606|19,441||19,441|
|5ubscriptions||1,895||1,895|2,592||2,592|
|5ister's expenses||67,653||67,653|73,2DD||73,200|
|Medica
I||2$,9$3||2$,983|15,378||15,378|
|Raff tra In In g|||||960||960|
|Audit fees|||22,956|22,956||23,466|23,466|
|Legal and professional|||16,912|16,912||34,344|34,344|
|||1$6,735|39,868|226,603|187,570|57,$10|245,380|
|Analysad
between
Chorea hie and vittes||186,735|39,868226,603||187,570|57,810|245,380|
|||2022|2021|
|---|---|---|---|
|||Nusnber|Nusnber|
|Care Staff||14|13|
|Domestic 5taff||10|9|
|Management|5taff|6|6|
|Administration|Staff|3|3|
|Total||33|31|
##
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|10|Employees||(OonSnuadI|
|---|---|---|---|
||Employment
costs|2022|2021|
|||8|8|
||Wages and salaries|730,770|688,952|
||Social security costs|63,552|51,360|
||Other pension casts|12,552|11,237|
|||BD6,874|751,549|
||||Vnrestriated|Vnrestriated|
|---|---|---|---|---|
||||funds|funds|
||||2022|2021|
||||8|8|
|Revaluation|of|investments|(3,865,844)|2,590,020|
|Gain/(loss)|on|sale ofirwestments|(587,001(|1,318|
||||(4,452,845i|2,591,338|
##
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|Tangible fine|d amats||||||
|---|---|---|---|---|---|---|
||||sraa hold land|riataraa and|saeva vaiiiclaa||
||||and huadlnis|ntilnis|||
||||8|6|8||
|Cost|||||||
|At 1January|2022||6,040,530|353,774|115,211|6,509,515|
|Additions||||4,398||4,398|
|Disposals||||(1,470(|(29,399l|(30,869l|
|At 31December Z022|||6,04l1,530|356,702|85,812|6,483,044|
|Depredation|and impairment||||||
|At 1January|2022|||266,912|97,012|363,924|
|Depredolivn|Charged|in the year||13,304|4,166|17,470|
|Eliminated
in|respect ofdisposals|||(764(|(27,863I|(28,627l|
|At 31December 2022||||279,452|73,315|352,767|
|Carrying amount|||||||
|At 31December Z022|||6,040,530|77,250|12,497|6,130,277|
|At 31December 2021|||6,040,530|86,862|18,199|6,145,591|
||Usted|Vngsted|Total|
|---|---|---|---|
||i Ivestana lite|i niastnlonts||
||6|6||
|Costorvaluation||||
|At 1January 2022|26,474,634|3,993,528|30,468,162|
|Additions|1,817,039|2,767,491|4,584,530|
|Valuation
changes|(3,018,680l|(847,164l|(3,865,844l|
|Disposals|(5,890,580l|(500,00DJ|(6,390,580l|
|Al 31December 2022|19,382,413|5,413,855|24,796,268|
|Carrying amount||||
|At31December 2022|19,3R2,413|5,413,855|24,796,26R|
|At 31December Z021|26,474,634|3,993,528|30,468,162|
##
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||||||
|---|---|---|---|---|
|14|Fixed asset investments|||(Contfnuedf|
|15|Oebtors||||
||||2022|2021|
||Amounts
faglng due within one year.||E|E|
||Other debtors||32,000|38,615|
||prepayments|and accrued income|78,528|75,281|
||||110,528|113,896|
||||2022|2021|
||Amounts
falling due alter more than one year:||E|E|
||Other debtors||326,575|357,988|
||Total debtors||437.103|471.884|
||||Z022|Z021|
|---|---|---|---|---|
||||E|E|
|Other taxation|and social security||12,809|11,589|
|Other oeditors|||37,891||
|Accruals and deferred||income|89.019|101.298|
||||139,7L9|112,887|
##
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|18|Analysis ofnat assets between|Analysis ofnat assets between|funds|funds|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Vnrestristed|Vnrestricted|
||||||||||funds|funds|
||||||||||2022|2021|
||||||||||6|6|
||Fund balances at 31December||2022 are||represemed||by||||
||Tangible assets||||||||6,130,277|6,145,591|
||Investments||||||||24,796,268|30,468,162|
||Current xssets/(liabigdes)||||||||916,I092|966,904|
||||||||||31,842,637|37,560,657|
|19|fietated party transactions||||||||||
||There were no disdosable
related|||party transactions|||during the year (2D21-none).||||
|20|Cash generated
from operadons||||||||2022|2021|
|||||||||||8|
||(Deficit)/surpus
for rhe year||||||||(5,7M,020)|1,772,534|
||Adjustments
for:||||||||||
||Irwestment
income recognised||in|statement||offinancial||activities|(964,030)|(1,062,426)|
||(Gain)/loss on disposal oftangible|||fixed assets|||||(7,209l|988|
||Loss/(gain)
on disposal of investments||||||||587,001|(1,318)|
||Fair value gains and losses on|investments|||||||3,865,844|(2,590,020l|
||Depredation
and
Impairment|oftangible|||fixed assets||||17,470|20,733|
||Movements
in working capitak||||||||||
||Decrease in debtors||||||||34,781|23,143|
||Increase/(decrease)
In creditors||||||||26,832|(70,966)|
||Cash absorbed
by operations||||||||(2,177,331)|(1,907,332)|