2023-03-31-accounts

				Page
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

Trustees		Enid Gillian	Knowles	Knowles	(Sister	Julian),	Congregational	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),				(Appointed	Trustee	and	Congregational
		Leader 5 July 2022)
Charity registered
number		232014
Principal office		Dormy Court
		40 Petitor Road
		Torquay
		Devon
		TQ1 4QF
Independent	auditors	Bishop Fleming	LLP
		Chartered Accountants
		2nd Floor Stratus House
		Emperor Way
		Exeter Business	Park
		Exeter
		EX1 3QS
Bankers		Barclays Bank Pic
		Torquay
		Devon
		TQ2 5DL
Solicitors		Trowers & Hamlins
		The Senate
		Southernhay Gardens
		Exeter
		Devon
		EX1 1UG
Investment	Advisor	Brewin Dolphin
		Vantage Point
		Pynes Hill
		Exeter
		EX2 5FD

						Unrestricted	Total	Total
						funds	funds	funds
						2023	2023	2022
					Note	F	E	E
Income from:
Donations and	legacies					76,830	76,830	88,032
Investments						344,000	344,000	278,971
Other income						16,707	16,707	26,703
Total income						437,537	437,537	393,706
Expenditure on:
Raising funds						46,382	46,382	46,052
Charitable activities						423,056	423,056	402,158
Total expenditure						469,438	469,438	448,210
Net expenditure	before net (losses)/gains			on
investments						(31,901)	(31,901)	(54,504)
Net (losses)/gains		on investments				(590,400)	(590,400)	501,561
Net movement	in	funds before other recognised
gains						(622,301)	(622,301)	447,057
Net movement	in	funds				(622,301)	(622,301)	447,057
Reconciliation	of	funds:
Total funds brought			forward			13,061,587	13,061,587	12,614,530
Net movement in funds						(622,301)	(622,301)	447,057
Total funds carried			forward			12,439,286	12,439,286	13,061,587

				Note		2023f		2022
Fixed assets
Tangible assets				12		2,335,777		2,379,232
Investments				13		9,544,510		9,672,293
						11,880,287		12,051,525
Current assets
Debtors				14	523,012		1,007,455
Cash at bank and	in hand				61,796		31,059
					584,808		1,038,514
Creditors: amounts	falling		due within one
year				15	(19,259)		(17,102)
Net current assets						565,549		1,021,412
Total assets less	current		liabilities			12,445,836		13,072,937
Creditors: amounts	falling		due after more
than one year						(6,550)		(11,350)
Net assets excluding		pension asset				12,439,2&6		13,061,587
Total net assets						12,439,286		13,061,587
Charity funds
Restricted funds				18
Unrestricted funds				18		12,439,286		13,061,587
Total funds						12,439,286		13,061,587

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
			E
DONATIONS
Torquay - Pension	37,951	37,951	34,632
Bethany - Pension	21,923	21,923	24,837
Plymouth - Pension	5,588	5,588	16,135
Other donations	11,368	11,368	12,428
	76,830	76,830	88,032
TOTAL 2022	88,032	88,032

		Unrestricted	Total	Total
		funds	funds	funds
		2023 F	2023f	2022 E
Listed investments		343,856	343,856	278,960
Bank and building	society interest	144	144	11
		344,000	344,000	278,971
TOTAL 2022		278,971	278,971

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023f	2022
Investment	management	fees	46,382	46,382	46,052
TOTAL 2022			46,052	46,052

		Unrestricted
		funds	Total	Total
		2023	2023	2022
Central	costs	70,555	70,555	71,607
Bethany	convent	66,619	66,619	43,675
Plymouth	convent	61	61	4,731
Torquay	convent	285,821	285,821	282,145
		423,056	423,056	402,158
TOTAL	2022	402,158	402,158

				Activities
				undertaken	Support	Total	Total
				directly	costs	funds	funds
				2023	2023f	2023	2022 F
Central	costs				70,555	70,555	71,607
Bethany	convent			34,617	32,002	66,619	43,675
Plymouth	convent				61	61	4,731
Torquay	convent			258,119	27,702	285,821	282,145
				292,736	130,320	423,056	402,158
TOTAL	2022			273,057	129,101	402,158
ANALYSIS OF		DIRECT	COSTS
				Bethany	Torquay	Total	Total
				convent	convent	funds	funds
				2023	2023	2023	2022
					f.
Staff costs					53,881	53,881	43,921
Catering				11,920	20,136	32,056	30,044
Motor and travel				1,406	5,459	6,865	14,802
Nursing	homes				96,749	96,749	110,872
Charity grants,		donations	and Church stipends	1,798	8,880	10,678	2,552
Community costs				19,493	69,302	88,795	66,627
Sundry expenses					3,712	3712	4,239
				34,617	258,119	292,736	273,057
TOTAL 2022				25,609	247,448	273,057

		Central	Bethany	Plymouth	Torquay	Total	Total
		costs	convent	convent	convent	funds	funds
		2023f	2023 f	2023 f.	2023	2023	2022 F
Depreciation		43,455				43,455	46,421
Sundry expenses		1	416	61	204	682	985
Legal 8
professional
fees					10,389	10,389	5,475
Accountancy		16,623				16,623	15,571
Premises	costs
including
utilities	8
services		10,476	31,586		17,109	59,171	60,649
		70,555	32,002	61	27,702	130,320	129,101
TOTAL 2022		71,607	18,066	4,731	34,697	129,101

			2023	2022
			E	E
Fees payable	to the Charity's	auditor in respect of:
The auditing	ofaccounts of	associates ofthe Charity	15,090	13,170
All non-audit	services not included above		1,533	2,401

					2023	2022
						E
Wages and	salaries				53„026	43,222
Contribution	to defined	contribution	pension	schemes	855	699
					53,&81	43,921
The average	number of persons employed			by the Charity	during the Year was as follows:
					2023	2022
					No.	No.

	Freehold	Motor	Fixtures and
	property f	vehicles E	fittings E	Totalf
COST OR VALUATION
At 1 April 2022	2,658,279	115,555	191,664	2,965,498
Disposals		(28,474)		(28,474)
At 31 March 2023	2,658,279	87,081	191,664	2,937,024
DEPRECIATION
At 1 April 2022	342,759	70,893	172,613	586,265
Charge for the Year	26,469	14,070	2,916	43,455
On disposals		(28,474)		(28,474)
At 31 March 2023	369,228	56,489	175,529	601,246
NET BOOK VALUE
At 31 March 2023	2,289,051	30,592	16135	2 335778
At 31 March 2022	2,315,520	44,662	19,050	2,379,232

	Listed	Unlisted
	investments	investments	Total
		F
COST OR VALUATION
At 1 April 2022	9,570,889	101„403	9,672,292
Additions	701,751	164,517	866,268
Disposals	(428,486)		(428,486)
Revaluations	(565,565)		(565,565)
AT 31 MARCH 2023	9,278,590	265,920	9,544,510
NET BOOK VALUE
AT 31 MARCH 2023	9,278,590	265,920	9,544,510
AT 31 MARCH 2022	9,570,889	101,403	9,672,292

		2023	2022
			E
DUE AFTER	MORE THAN ONE YEAR
Prepayments	and accrued income		500,000
			500,000
DUE WITHIN	ONE YEAR
Prepayments	and accrued income	523,012	507,455
		523,012	1,007,455

		2023	2022
			F
PAYE and social security		999	485
Other creditors		4,800	4,800
Accruals and deferred	income	13,460	11,817
		19,259	17,102

16.	CREDITOR	S: AMOUNTS	FALLING DUE AFT	ER MORE THAN ONE YEAR
					2023	2022
	Other creditors				6,550	11,350
17.	FINANCIAL	INSTRUMENTS
					2023f	2022
	FINANCIAL	ASSETS
	Financial assets measured		at fair value through	income and expenditure	327,716	132,462

										Balance at
			Balance	at				Transfers	Gains/	31 March
			1 April 2021		Income	Expenditure		in/out	(Losses)	2022
				E			E		E	F
	UNRESTR'D
	FUNDS
	DESIGNATED
	FUNDS
	Fixed asset	fund	2,382,873				(46,421)	42,781		2,379,233
	Retirement	fund	5,750,000							5,750,000
	Essential repair
	fund		50,000							50,000
			8,182,873				(46,421)	42,781		8, 'I 79,233
	GENERAL
	FUNDS
	Free reserves		4,431,657		393,706		(401,789)	(42,781)	501,561	4,882,354
	TOTAL
	UNRESTR'D
	FUNDS		12,614,530		393,706		(448,210)		501,561	13,061,587
19.	ANALYSIS	OF NET ASSETS		BETWEEN FUNDS
	ANALYSIS	OF NET ASSETS		BETWEEN FUNDS			-CURRENT	YEAR
									Unrestricted	Total
									funds	funds
									2023	2023f
	Tangible fixed assets								2,335,777	2,335,777
	Fixed asset	investments							9,544,510	9,544,510
	Current assets								584,808	584,808
	Creditors due within one year								(19,259)	(19,259)
	Creditors due in more than one year								(6,550)	(6,550)
	TOTAL								12,439,286	12,439,286

		Unrestricted	Total
		funds	funds
		2022	2022
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