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|||||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||||||||||
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|||||||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|
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||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||
##
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|||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||
##
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||||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||
##
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|||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||
##
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||||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.|
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||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|
##
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||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|
##
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|||||||||||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|
##
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|||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|
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