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|---|---|---|---|---|
|Reference and administrative||details ofthe Charity,|its Trustees and advisers||
|Trustees'
report||||2-8|
|Independent
auditors'|report|on the financial statements||9-12|
|Statement offinancial|activities|||13|
|Balance sheet||||14|
|Notes to the financial|statements|||15-29|
|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,|ITSTRUSTEES AND ADVISERS|ITSTRUSTEES AND ADVISERS|ITSTRUSTEES AND ADVISERS|ITSTRUSTEES AND ADVISERS||
|---|---|---|---|---|---|---|---|---|---|---|---|
|FOR THE YEAR ENDED||31 NIARCH 2022||||||||||
|Trustees||Enid
Gillian|Knowles||(Sister|Julian),|Congregational||Leader|(Retired|as|
|||Congregational|Leader 5 July 2022)|||||||||
|||Bernadette
Cunningham|||(Sister Cosmas)|||||||
|||Mary Monica Fallon (Sister Rose)||||||||||
|||Bridget Gabriel|O' Brien (Sister Benignus)|||||||||
|||Bridget Cunningham||(Sister Damian)||||||||
|||Ellen Elizabeth
Foskin (Sister Perpetua),
Leader 5 July 2022)|||||(Appointed|Trustee|and Congregational|||
|Charity registered||||||||||||
|number||232014||||||||||
|Principal office||Dormy Court||||||||||
|||40 Petitor Road||||||||||
|||Torquay||||||||||
|||Devon||||||||||
|||TQ14QF||||||||||
|Independent|auditors|Bishop Fleming|LLP|||||||||
|||Chartered
Accountants||||||||||
|||2nd Floor Stratus House||||||||||
|||Emperor Way||||||||||
|||Exeter Business|Park|||||||||
|||Exeter||||||||||
|||EX13QS||||||||||
|Bankers||Barclays Bank Pic||||||||||
|||Torquay||||||||||
|||Devon||||||||||
|||TQ2 5DL||||||||||
|Solicitors||Trowers 8 Hamlins||||||||||
|||The Senate||||||||||
|||Southemhay
Gardens||||||||||
|||Exeter||||||||||
|||Devon||||||||||
|||EX1 1UG||||||||||
|Investment|Advisor|Brewin Dolphin||||||||||
|||Vantage
Point||||||||||
|||Pynes
Hill||||||||||
|||Exeter||||||||||
|||EX2 5FD||||||||||
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
|||Note||F||
|Income from:||||||
|Donations
and|legacies||88,032|88,032|83,820|
|Investments|||278,971|278,971|232,121|
|Other income|||26,703|26,703|7,015|
|Total income|||393,706|393,706|322,956|
|Expenditure
on:||||||
|Raising funds|||46,052|46,052|37,713|
|Charitable
activities|||402,158|402,158|403,198|
|Total expenditure|||448,210|448,210|440,911|
|Net expenditure|before net gains on investments||(54,504)|(54,504)|(117,955)|
|Net gains on investments|||501,561|501,561|1,237,892|
|Net movement|in funds before other recognised|||||
|gains|||447,057|447,057|1,119,937|
|Net movement|in funds||447,057|447,057|1,119,937|
|Reconciliation|offunds:|||||
|Total funds brought
forward|||12,614,530|12,614,530|11,494,593|
|Net movement
in funds|||447,057|447,057|1,119,937|
|Total funds carried forward|||13,061,587|13,061,587|12,614,530|
||||Note||2022f||2021
F|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||12||2,379,232||2,382,873|
|Investments|||13||9,672,293||8,666,784|
||||||12051 525||11,049,657|
|Current assets||||||||
|Debtors|||14|1,007,455||1,507,012||
|Cash at bank and in||hand||31,059||68,462||
|||||1,038,514||1,575,474||
|Creditors: amounts|falling due within one|||||||
|year|||15|(17,102)||(10,601)||
|Net current assets|||||1,021,412||1,564,873|
|Total assets less current liabilities|||||13,072,937||12,614,530|
|Creditors: amounts|falling due after more|||||||
|than one year|||16||(11,350)|||
|Net assets excluding||pension asset|||13,061,587||12,614,530|
|Total net assets|||||13,061,587||12,614,530|
|Charity funds||||||||
|Restricted funds|||18|||||
|Unrestricted
funds|||18||13,061,587||12,614,530|
|Total funds|||||13,061,587||12,614,530|
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022f|2022|2021|
|DONATIONS||||
|Torquay - Pension|34,632|34,632|33,615|
|Bethany - Pension|24,837|24,837|20,774|
|Plymouth - Pension|16,135|16,135|16,494|
|Other donations|12,428|12,428|12,937|
||88,032|88,032|83,820|
|TOTAL 2021|83,820|83,820||
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2021|
|Listed investments||||278,960|278,960|223,716|
|Bank and building|society interest|(including|bond income)|11|11|8,405|
|||||278,971|278,971|232,121|
|TOTAL 2021||||232,121|232,121||
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021f|
|investment|management|fees|46,052|46,052|37,713|
|TOTAL 2021|||37,713|37,713||
##
|||Unrestricted|||
|---|---|---|---|---|
|||funds|Total|Total|
|||2022f|2022
E|2021f|
|Central|costs|71,607|71,607|82,789|
|Bethany|convent|43,675|43,675|48,348|
|Plymouth|convent|4,731|4,731|5,344|
|Torquay|convent|282,145|282,145|266,717|
|||402,158|402,158|403,198|
|TOTAL 2021||403,198|403,198||
##
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|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2022|2022|2022|2021|
|||||f.|F|
|Central|costs||71,607|71,607|82,789|
|Bethany|convent|25,609|18,066|43,675|48,348|
|Plymouth|convent||4,731|4,731|5,344|
|Torquay|convent|247,448|34,697|282,145|266,717|
|||273,057|129,101|402,158|403,198|
|TOTAL 2021||255,913|147,285|403,198||
|ANALYSIS OF DIRECT COSTS||||||
|||||Beth any|Torquay|Total|Total|
|---|---|---|---|---|---|---|---|
|||||convent|convent|funds|funds|
|||||2022|2022|2022|2021|
||||||F||E|
|Staff costs|||||43,921|43,921|48,041|
|Catering||||11,230|18,814|30,044|33,708|
|Motor and||travel||1,387|13,415|14,802|12,082|
|Nursing|homes||||110,872|110,872|57,381|
|Charity|grants, donations||and Church stipends|2,252|300|2,552|6,005|
|Community||costs||10,740|55,887|66,627|93,291|
|Sundry|expenses||||4,239|4,239|5,405|
|||||25,609|247,448|273,057|255,913|
|TOTAL|2021|||31,533|224,380|255,913||
##
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||Central
costs|Bethany
convent|Plymouth
convent|Torquay
convent|Total
funds|Total
funds|
|---|---|---|---|---|---|---|
||2022|2022|2022|2022|2022|2021|
||E|||E|f.||
|Depreciation|46,421||||46,421|62,049|
|Sundry expenses||396||242|985|2,367|
|Legal &|||||||
|professional|||||||
|fees||||5,475|5,475|7,975|
|Accountancy|15,571||||15,571|14,839|
|Premises costs|||||||
|including|||||||
|utilities 8|||||||
|services|9,615|17,670|4,384|28,980|60,649|60,055|
||71,607|18,066|4,731|34,697|129,101|147,285|
|TOTAL 2021|82,789|16,815|5,344|42,336|147,285||
##
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|||2022|2021|
|---|---|---|---|
|||E||
|Fees payable|to the Charity's
auditor
in respect of:|||
|The auditing|ofaccounts ofassociates ofthe Charity|13,170|11,970|
|All non-audit|services not included
above|2,401|2,869|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||f.||
|Wages and|salaries|||43,222|47,416|
|Contribution|to defined|contribution|pension schemes|699|625|
|||||43,921|48,041|
|2022|2021|
|---|---|
|No.|No.|
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||Freehold|Motor|Fixtures and||
|---|---|---|---|---|
||property|vehicles
f|fittings
f|Total|
|COST OR VALUATION|||||
|At 1 April 2021|2,658,279|78,769|191,664|2,928,712|
|Additions||42,781||42,781|
|Disposals||(5,995)||(5,995)|
|At 31 March 2022|2,658,279|115,555|191,664|2,965,498|
|DEPRECIATION|||||
|At 1 April 2021|316,176|59,966|169,697|545,839|
|Charge for the Year|26,583|16,922|2,916|46„421|
|On disposals||(5,995)||(5,995)|
|At 31 March 2022|342,759|70,893|172,613|586,265|
|NET BOOK VALUE|||||
|At 31 March 2022|2,315,520|44,662|19,051|2,379,233|
|At 31 March 2021|2,342,103|18,803|21,966|2,382,872|
##
||||Listed|Unlisted||
|---|---|---|---|---|---|
||||investments|investments|Total|
|COST OR VALUATION||||||
|At 1 April 2021|||8,399,485|267,299|8,666„784|
|Additions|||1,319,064||1,319,064|
|Disposals|||(659,579)|(165,896)|(825,475)|
|Revaluations|||511,919||511,919|
|AT 31 MARCH 2022|||9,570,890|101,403|9,672,293|
|NET BOOK VALUE||||||
|AT 31 MARCH 2022|||9,570,890|101,403|9,672,293|
|AT 31 MARCH 2021|||8,399,485|267,299|8,666,784|
|In addition
to the revaluation|movements,|the statement|of financial
activities|also includes|realised loss|
|on disposal off10,358.||||||
##
|||||2022f|2021|
|---|---|---|---|---|---|
|DUE AFTER|MORE|THAN|ONE YEAR|||
|Prepayments|and accrued||income|500,000|1,000,000|
|||||500,000|1,000,000|
|DUE WITHIN|ONE YEAR|||||
|Prepayments|and accrued||income|507,455|507,012|
|||||1,007,455|1,507,012|
|CREDITORS:|AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
|||||2022|2021|
|||||E|E|
|PAYE and social security||||485|561|
|Other creditors||||4,800||
|Accruals and deferred||income||11,817|10,040|
|||||17,102|10,601|
##
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|||||2022|2021f|
|---|---|---|---|---|---|
||Other creditors|||11,350||
|17.|FINANCIAL INSTRUMENTS|||||
|||||2022f|2021f|
||FINANCIAL ASSETS|||||
||Financial assets measured|at fair value through|income and expenditure|132,462|335,761|
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||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at|||Transfers|Gains/|31 March|
|||1 April 2020f|Income
E|Expenditure
F|in/out|(Losses)
E|2021
f.|
|UNRESTR'D||||||||
|FUNDS||||||||
|DESIGNATED||||||||
|FUNDS||||||||
|Fixed asset|fund|2,442,522||(62,049)|2,400||2,382,873|
|Retirement|fund|5,000,000|||750,000||5,750,000|
|Essential repair||||||||
|fund||50,000|||||50,000|
|||7,492,522||(62,049)|752,400||8,182,873|
|GENERAL||||||||
|FUNDS||||||||
|Free reserves||4,002,071|322,956|(378,862)|(752,400)|1,237,892|4,431,657|
|TOTAL||||||||
|UNRESTR'D||||||||
|FUNDS||11,494,593|322,956|(440,911)||1,237,892|12,614,530|
##
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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022|2022|
||E||
|Tangible fixed assets|2,379,232|2,379,232|
|Fixed asset investments|9,672,293|9,672,293|
|Debtors due after more than one year|500,000|500,000|
|Current assets|538,514|538,514|
|Creditors due within one year|(17,102)|(17,102)|
|Creditors due in more than one year|(11,350)|(11,350)|
|TOTAL|13,061,587|13,061,587|
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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2021|2021|
|||E|
|Tangible fixed assets|2,382,872|2,382,872|
|Fixed asset investments|8,666,784|8,666,784|
|Debtors due after more than one year|1,000,000|1,000,000|
|Current assets|575,475|575,475|
|Creditors due within one year|(10,601)|(10,601)|
|TOTAL|12,614,530|12,614,530|
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