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||||Page|
|---|---|---|---|
|Trustees'
annual
report||||
|Independent
auditor's
report to|the members|||
|Statement offinancial
activities|||12|
|Statement offinancial
position||||
|Statement ofcash flows|||14|
|Notes to the financial statements|||15|
|The following
pages do not form part of||the financial statements||
|Detailed statement
offinancial|activities||31|
|Notes to the detailed statement|offinancial|activities|33|
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|Registered|charity|name|Boarbank
Hall||||
|---|---|---|---|---|---|---|
|Charity registration||number|233499||||
|Principal office|||Canonesses
of|StAugustine|||
||||Convent ofOur|Lady ofLourdes|||
||||Boarbank
Hall||||
||||Allithwaite||||
|The trustees|||||||
||||Sister Eileen Pollard||||
||||Sister Elizabeth|Mary Veronica|||
||||Connell||||
|Auditor|||Riverside Accountancy||Lancaster|Limited|
||||Chartered
accountants||&statutory|auditor|
||||Second Floor, Riverside Offices||||
||||26StGeorge's Quay||||
||||Lancaster||||
||||LA1 1RD||||
|Bankers|||National Westminster||||
||||LA11 6DS||||
||||Lloyds Bank Pic||||
||||6The High Street||||
||||Boscombe||||
||||Dorset||||
||||BH31 3RG||||
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|E|E|6||
|Income and endowments||||||||
|Donations
and legacies|||4|840,174|270,487|1,110,661|533,457|
|Charitable
activities
Other trading
activities|||5
6|1,510,062
7103||1,510,062
7,103|1,416,208
4,966|
|Investment
income|||7|24,245|1,859|26,104|21,903|
|Other income|||8|5,189|35,700|40,889|2,384|
|Total income||||2,386,773|308,046|2,694,819|1,978,918|
|Expenditure||||||||
|Expenditure
on charitable|activities||9,10|1,770,023|8,817|1,778,839|1,773,359|
|Other expenditure|||12||||14,426|
|Total expenditure||||1,770,023|8,817|1,778,839|1,787,785|
|Net gains on investments|||13|547,783|(25,684)|522,099|33,071|
|Net income and net movement||in|funds|1,164,533|273,545|1,438,079|224,204|
|Reconciliation
offunds||||||||
|Total funds brought forward||||3,058,516|962|3,059,478|2,835,274|
|Total funds carried forward||||4,223,049|274,507|4,497,556|3,059,478|
##
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|||Note|2021
6|2020
f|
|---|---|---|---|---|
|Fixed assets|||||
|Tangible fixed assets
Investments||18
19|1,047,671
2,371,519|1,057,713
833,632|
||||3,419,190|1,891,345|
|Current assets|||||
|Stocks
Debtors
Investments
Cash at bank and in|hand|20
21
22|1,700
87,068
602,954
514,052|1,700
58,895
541,638
663,851|
||||1,205,774|1,266,084|
|Creditors: amounts|falling due within one year|24|127,407|97,951|
|Net current assets|||1,078,367|1,168,133|
|Total assets less current liabilities|||4,497,557|3,059,478|
|Net assets|||4,497,557|3,059,478|
|Funds ofthe charity|||||
|Restricted funds|||248,607|962|
|Unrestricted
funds|||4,248,949|3,058,516|
|Total charity funds||27|4,497,557|3,059,478|
##
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||||2021|2020|
|---|---|---|---|---|
|||Note||F|
|Cash flows from operating
activities|||||
|Net income|||1,438,079|224,204|
|Adjustments
for:|||||
|Depreciation
oftangible fixed assets|||17,206|24,322|
|Government
grant income
Net gains on investments
Dividends,
interest and rents from investments
Other interest receivable
and similar income
Loss on disposal oftangible fixed assets|||(86,748)
(522,099)
(18,908)
(7,196)|(64,424)
(33,071)
(13,332)
(8,571)
14,426|
|Accrued (income)/expenses|||(28,976)|21,376|
|Changes
in:|||||
|Trade and other debtors
Trade and other creditors|||(28,173)
54,105|9,559
(18,079)|
|Cash generated
from operations|||817,290|156,410|
|Interest received|||7,196|8,571|
|Net cash from operating
activities|||824,486|164,981|
|Cash flows from investing
activities|||||
|Dividends,
interest and rents from investments
Purchase oftangible assets
Purchases
ofother investments|||18,908
(7,164)
(1,011,461)|13,332
(41,057)|
|Net cash used
in investing
activities|||(999,717)|(27,725)|
|Cash flows from financing
activities|||||
|Government
grant income|||86,748|64,424|
|Net cash from financing
activities|||86,748|64,424|
|Net (decrease)/increase
in cash and cash
Cash and cash equivalents
at beginning|equivalents
ofyear||(88,483)
1,205,489|201,680
1,003,809|
|Cash and cash equivalents
at end ofyear||23|1,117,006|1,205,489|
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|value, over the useful econo|mic
life ofthat asset as follow|s:|
|---|---|---|
|Freehold
property|3%reducing
balance||
|Fixtures and fittings|15%/20% Reducing|balance|
|Motor vehicles|25% reducing
balance||
|Equipment|15%/20% Reducing|balance|
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|Donations|and le|gacies
(corrrrrrued)||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||||6|F|6|
|Grants||||||
|Government|grant|income|86,748||86,748|
||||840,174|270,487|1,110,661|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||||L|
|Donations||||||
|Donations|||62,201||62,201|
|Legacies||||||
|Legacies|||406,832||406,832|
|Grants||||||
|Government|grant|income|64,424||64,424|
||||533,457||533,457|
##
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds
f|2021
6|Funds
F|2020
L|
|Nursing|Home|Fees for Residential|||||
|Care|||1,465,872|1,465,872|1,367,943|1,367,943|
|Income|from Retreats||32,425|32,425|46,745|46,745|
|Convalescent||Guest Home fees|11,765|11,765|1,520|1,520|
||||1,510,062|1,510,062|1,416,208|1,416,208|
##
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2021|Funds|2020|
|||6|||F|
|Fundraising|events|||83|83|
|Guest House|Fees|7,103|7,103|4,883|4,883|
|||7,103|7,103|4,966|4,966|
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|||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|
|||||F|5|E|
||Rental income|||13,332||13,332|
||Income from|listed investments||3,717|1,859|5,576|
||Bank interest|receivable||7,080||7,080|
||Other interest|receivable||116||116|
|||||24,245|1,859|26,104|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2020|
||||||5|E|
||Rental income|||13,332||13,332|
||Income from|listed investments|||||
||Bank interest|receivable||8,457||8,457|
||Other interest|receivable||114||114|
|||||21,903||21,903|
|8.|Other income||||||
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2021|
|||||E||E|
||Sundry income|||5,189|35,700|40,889|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds
f|2020
E|
||Sundry income|||2,384||2,384|
|9.|Expenditure|on charitable activities|by fund type||||
|||||Unrestricted|Restricted|Total Funds|
|||||Funds
E|Funds
f|2021
E|
||Charitable
Activities|||1,743,657|8,400|1,752,057|
||Support costs|||26,366|417|26,782|
|||||1,770,023|8,817|1,778,839|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2020|
|||||F|E||
||Charitable
Activities|||1,751,920||1,751,920|
||Support costs|||21,439||21,439|
|||||1,773,359||1,773,359|
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|Expenditu|re|on charitable
ac|tivities by activity typ|e|||
|---|---|---|---|---|---|---|
||||Activities||||
||||undertaken||Total funds|Total fund|
||||directly|Support costs|2021|2020|
|||||E|K||
|Charitable|Activities||1,752,057||1,752,057|1,751,920|
|Governance||costs||26,782|26,782|21,439|
||||1,752,057|26,782|1,778,839|1,773,359|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds
f|2021
E|Funds|2020|
||Loss on disposal oftangible fixed|||||||
||assets held for charity's||own use|||14,426|14,426|
|13.|Net gains on investments|||||||
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2021|
|||||||E|E|
||Gains/(losses)|on listed|investments||(3,288)|(25,684)|(28,972)|
||Gains/(losses)|on other|investment|assets|551,071||551,071|
||||||547,783|(25,684)|522,099|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds
6|Funds
f|2020
f|
||Gains/(losses)|on listed|investments||33,071||33,071|
||Gains/(losses)|on other|investment|assets||||
||||||33,071||33,071|
|14.|Net income|||||||
||Net income is stated after charging/(crediting):|||||||
|||||||2021|2020|
|||||||E||
||Depreciation|oftangible|fixed assets|||17,206|24,322|
||Loss on disposal oftangible fixed assets||||||14,426|
||Operating
lease rentals|||||15,824|23,498|
||Foreign exchange differences|||||801|(203)|
##
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##
|off9,603for the year. (
Staffcosts|2020 - F20|
,595)|||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed as|follows:|
||||2021|2020|
||||K||
|Wages and salaries|||1,078,902|1,073,644|
|Social security costs|||78,281|78,851|
|Employer
contributions|to pension|plans|43,633|43,235|
|Other employee
benefits|||4,393|2,560|
||||1,205,209|1,198,290|
|offull-time|equivalent
|emp|loyees
during the ye|
ar is analysed as follows:||
|---|---|---|---|---|---|
|||||2021|2020|
|||||No.|No.|
|Full Time equivalents||||42|46|
|The number|ofemployees||whose remuneration|for the year fell within the following|bands, were:|
|||||2021|2020|
|||||No.|No.|
|E80,000to|E89,999|||1|1|
|Trustee remuneration||and expenses||||
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##
|Tangible fixed assets||||||
|---|---|---|---|---|---|
||Freehold|Fixtures and|Motor|||
||property|fittings|vehicles|Equipment|Total|
||||E|E|8|
|Cost||||||
|At 1 January 2021|1,485,976|300,202|53,717|152,614|1,992,509|
|Additions|7,164||||7,164|
|At 31 December 2021|1,493,140|300,202|53,717|152,614|1,999,673|
|Depreciation||||||
|At 1 January 2021|478,893|298,098|33,637|124,168|934,796|
|Charge for the year|10,827|201||6,178|17,206|
|At 31 December 2021|489,720|298,299|33,637|130,346|952,002|
|Carrying
amount||||||
|At 31 December 2021|1,003,420|1,903|20,080|22,268|1,047,671|
|At 31 December 2020|1,007,083|2,104|20,080|28,446|1,057,713|
##
|Investments||||
|---|---|---|---|
||Investment|Other||
||properties|investments|Total|
|||E|8|
|Cost or valuation||||
|At 1 January 2021|472,546|361,086|833,632|
|Additions||1,017,038|1,017,038|
|Fair value movements|551,071|(28,972)|522,099|
|Other movements||(1,250)|(1,250)|
|At 31 December 2021|1,023,617|1,347,902|2,371,519|
|Impairment||||
|At 1 January 2021 and 31 December 2021||||
|Carrying
amount||||
|At 31 December 2021|1,023,617|1,347,902|2,371,519|
|At 31 December 2020|472,546|361,086|833,632|
##
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##
|Ye|ar ended|31|De|ce|mber|2021||||
|---|---|---|---|---|---|---|---|---|---|
|20.|Stocks|||||||||
|||||||||2021|2020
f|
||Raw materials||and consumables|||||1,700|1,700|
|21.|Debtors|||||||||
|||||||||2021|2020|
||Trade debtors|||||||67,172|39,723|
||Prepayments||and|accrued||income||6,228|10,749|
||Other debtors|||||||13,668|8,423|
|||||||||87,068|58,895|
|22.|Investments|||||||||
|||||||||2021|2020|
|||||||||6|E|
||Short-term|deposits||||||602,954|541,638|
|23.|Cash and|cash equivalents||||||||
||Cash and|cash equivalents||||comprise|the following:|||
|||||||||2021|2020|
|||||||||6||
||Cash at bank and|||in hand||||514,052|663,851|
||Short-term|deposits||||||602,954|541,638|
|||||||||1,117,006|1,205,489|
|24.|Creditors:|amounts|||falling|due within one year||||
|||||||||2021|2020|
|||||||||8||
||Trade creditors|||||||45,437|11,308|
||Accruals and deferred||||income|||53,284|77,933|
||Social security||and|other taxes||||28,686|8,710|
|||||||||127,407|97,951|
|25.|Pensions|and|other||post retirement||benefits|||
##
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##
##
|Government|grants|grants||||
|---|---|---|---|---|---|
|The amounts|recognised
in the financial statements||for government|grants are as follows:||
|||||2021|2020|
|||||E||
|Recognised|in income from donations|and legacies:||||
|Government|grants income|||86,748|64,424|
##
##
|Unrestricted|fund|s||||||
|---|---|---|---|---|---|---|---|
|||At||||Gains and|At|
|||1 Jan 2021
E|Income
f|Expenditure
E|Transfers
F|losses31 Dec2021
f||
|General funds||2,974,667|2,386,773|(1,770,023)|25,900|547,783|4,165,100|
|Community|Fund|50,913|||||50,913|
|Property||||||||
|Improvements||32,936|||||32,936|
|||3,058,516|2,386,773|(1,770,023)|25,900|547,783|4,248,949|
|||At||||Gains and|At|
|||1 Jan 2020
E|Income
E|Expendituref|Transfers|losses 31 Dec2020
E||
|General funds||2,750,463|1,978,918|(1,787,785)||33,071|2,974,667|
|Community|Fund|50,913|||||50,913|
|Property||||||||
|Improvements||32,936|||||32,936|
|||2,834,312|1,978,918|(1,787,785)||33,071|3,058,516|
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|||At||||Gains and|At|
|---|---|---|---|---|---|---|---|
|||1 Jan 2021
F|Income|Expenditure
f:|Transfers
f|losses 31
f|Dec 2021
F|
|Sister Anne post||||||||
|graduate|scheme|962|||||962|
|Sister Mary||||||||
|Whelan|fund||308,046|(8,817)|(25,900)|(25,684)|247,645|
|||962|308,046|(8,817)|(25,900)|(25,684)|248,607|
|||At||||Gains and|At|
|||1 Jan 2020|Income|Expenditure|Transfers|losses 31|Dec 2020|
|||F|E||||E|
|Sister Anne post||||||||
|graduate|scheme|962|||||962|
|Sister Mary||||||||
|Whelan|fund|||||||
|||962|||||962|
##
|Analysis ofnet as|sets between funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||f:||8|
|Tangible fixed assets||1,047,671||1,047,671|
|Investments||2,125,274|246,245|2,371,519|
|Current assets||1,203,421|2,353|1,205,774|
|Creditors less than|1 year|(127,407)||(127,407)|
|Net assets||4,248,959|248,598|4,497,557|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|||E|E|E|
|Tangible fixed assets||1,057,713||1,057,713|
|Investments||833,632||833,632|
|Current assets||1,266,084|932|1,267,016|
|Creditors less than|1 year|(97,951)||(97,951)|
|Net assets||3,059,478|932|3,060,410|
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||||2021|2020|
|---|---|---|---|---|
||||8|F|
|Income and|endowments||||
|Donations
and legacies
Donations|||880,613|62,201|
|Legacies|||143,300|406,832|
|Government|grant income||86,748|64,424|
||||1,110,661|533,457|
|Charitable
activities|||||
|Nursing
Home Fees for Residential||Care|1,465,872|1,367,943|
|Income from|Retreats||32,425|46,745|
|Convalescent|Guest Home fees||11,765|1,520|
||||1,510,062|1,416,208|
|Other trading|activities||||
|Fundraising
events||||83|
|Guest House|Fees||7,103|4,883|
||||7,103|4,966|
|Investment
income|||||
|Rental income|||13,332|13,332|
|Income from|listed investments||5,576||
|Bank interest|receivable||7,080|8,457|
|Other interest|receivable||116|114|
||||26,104|21,903|
|Other income|||||
|Sundry income|||40,889|2,384|
|Total income|||2,694,819|1,978,918|
##
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##
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Expenditure||||||
|Expenditure
on charitable activities||||||
|Purchases||||108,214|123,729|
|Wages and salaries
Employer's
NIC||||1,078,902
78,281|1,073,644
78,851|
|Pension costs||||43,633|43,235|
|Other post-retirement
Operating
leases
Rates and water|benefits|||4,393
15,824
16,684|2,560
23,498
17,749|
|Light and heat||||118,308|82,103|
|Repairs and maintenance||||106,089|150,370|
|Insurance||||33,342|24,229|
|Motor vehicle expenses
Legal and professional
fees||||10,779
24,746|16,092
20,594|
|Telephone||||14,008|11,662|
|Other office costs||||42,638|37,249|
|Depreciation||||17,206|24,322|
|Foreign exchange
gain/loss
Other Support Costs||||801
54,959|(203)
40,510|
|Gifts
Parkhouse||||2,832
7,200|3,165|
|||||1,778,839|1,773,359|
|Other expenditure||||||
|Loss on disposal oftangible fixed assets held for charity's|||own use||14,426|
|Total expenditure||||1,778,839|1,787,785|
|Net gains on investments||||||
|Gains/(losses)
on listed
Gains/(losses)
on other|investments
investment|assets||(28,972)
551,071|33,071|
|||||522,099|33,071|
|Net income||||1,438,079|224,204|
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|6|
|Expenditure
on|charitable activities|||||||
|Charitable
Activities||||||||
|Activities undertaken||directly||||||
|Direct charitable|activity|1 - purchases||||108,214|123,729|
|Direct charitable|activity|1 - wages/salaries||||1,078,902|1,073,644|
|Direct charitable|activity|1 - employer's||NIC||78,281|78,851|
|Direct charitable|activity|1 - pension costs||||43,633|43,235|
|Direct charitable|activity|1 - other employee|||benefits|4,393|2,560|
|Direct charitable|activity|1 - operating|leases|||15,824|23,498|
|Direct charitable|activity|1 - rates &water||||16,684|17,749|
|Direct charitable|activity|1 - light &heat||||118,308|82,103|
|Direct charitable|activity|1 - repairs
&maintenance||||106,089|150,370|
|Direct charitable|activity|1 - insurance||||33,342|24,229|
|Direct charitable|activity|1 - motor vehicle expenses||||10,779|16,092|
|Direct charitable|activity|1 - telephone||||14,008|11,662|
|Direct charitable|activity|1 - other office||costs||42,638|37,249|
|Direct charitable|activity|1 - depreciation||||17,206|24,322|
|Direct charitable|activity|1 - Other Support Costs||||53,724|39,462|
|Direct charitable|activity|1 - Gifts||||2,832|3,165|
|Direct charitable|activity|1 - Parkhouse||||7,200||
|||||||1,752,057|1,751,920|
|Governance costs||||||||
|Governance
costs - accountancy fees||||||9,603|8,529|
|Governance
costs - audit fees||||||10,722|12,065|
|Governance
costs - professional
fees||||||4,421||
|Governance
costs - foreign exchange|||gain/loss|||801|(203)|
|Governance
costs - bank charges||||||1,235|1,048|
|||||||26,782|21,439|
|Expenditure
on|charitable activities|||||1,778,839|1,773,359|