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||||Page|
|---|---|---|---|
|Trustees'
annual
report||||
|independent
auditor's
report to|the members|||
|Statement offinancial
activities|||12|
|Statement
offinancial
position|||13|
|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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|
loyalty to the charity.|
loyalty to the charity.|
loyalty to the charity.||||py|
|---|---|---|---|---|---|---|
|Reference and administrative|||details||||
|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||||
||||26 St George's Quay||||
||||Lancaster||||
||||LA1 1RD||||
|Bankers|||National Westminster||||
||||LA11 SDS||||
||||Lloyds Bank Pic||||
||||6The High Street||||
||||Boscombe||||
||||Dorset||||
||||BH31 3RG||||
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|E|E|E|E|
|Income and endowments||||||||
|Donations
and legacies|||4|189,228|375|189,603|1,110,661|
|Charitable
activities|||5|1,923,339||1,923,339|1,510,062|
|Other trading
activities|||6|4,975||4,975|7,103|
|Investment
income|||7|37,904|5,935|43,839|26,104|
|Other income|||8|6,046||6,046|40,889|
|Total income||||2,161,492|6,310|2,167,802|2,694,819|
|Expenditure||||||||
|Expenditure
on charitable|activities||9,10|1,907,320|10,164|1,917,485|1,778,839|
|Total expenditure||||1,907,320|10,164|1,917,485|1,778,839|
|Net gains on investments|||12|213,666|(23,166)|190,500|522,099|
|Net income and net movement||in|funds|467,838|(27,020)|440,817|1,438,079|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||4,248,949|248,607|4,497,556|3,059,478|
|Total funds carried forward||||4,716,787|221,587|4,938,374|4,497,556|
##
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||||2022|2021|
|---|---|---|---|---|
|||Note|E|F|
|Fixed assets|||||
|Tangible fixed assets||17|1,151,626|1,047,671|
|Investments||18|2,575,656|2,371,519|
||||3,727,282|3,419,190|
|Current assets|||||
|Stocks||19|1,700|1,700|
|Debtors||20|169,641|87,068|
|Investments||21|528,122|602,954|
|Cash at bank and in|hand||601,616|514,052|
||||1,301,079|1,205,774|
|Creditors: amounts|falling due within one year|23|89,988|127,407|
|Net current assets|||1,211,091|1,078,367|
|Total assets less current liabilities|||4,938,373|4,497,557|
|Net assets|||4,938,373|4,497,557|
|Funds ofthe charity|||||
|Restricted funds|||221,587|248,607|
|Unrestricted
funds|||4,716,787|4,248,949|
|Total charity funds||26|4,938,374|4,497,556|
##
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|Year ended 31 Decemb|er 2022|||||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|8|8|
|Cash flows from operating
Net income|activities|||440,817|1,438,079|
|Adjustments
for.||||||
|Depreciation
oftangible fixed assets||||16,613|17,206|
|Government
grant income||||(5,953)|(86,748)|
|Net gains on investments||||(190,500)|(522,099)|
|Dividends,
interest and rents|from investments|||(38,541)|(18,908)|
|Other interest receivable and|similar income|||(5,298)|(7,196)|
|Interest payable
and similar charges||||1,434||
|Accrued expenses/(income)||||14,061|(28,976)|
|Management
Fees paid through
Investment||||5,292||
|Changes
in:||||||
|Trade and other debtors||||(80,835)|(28,173)|
|Trade and other creditors||||(53,219)|54,105|
|Cash generated
from operations||||103,871|817,290|
|Interest paid||||(1,434)||
|Interest received||||5,298|7,196|
|Net cash from operating
activities||||107,735|824,486|
|Cash flows from investing|activities|||||
|Dividends,
interest and rents|from investments|||20,737|18,908|
|Purchase oftangible assets||||(120,568)|(7,164)|
|Purchases
ofother investments||||(1,125)|(1,011,461)|
|Net cash used in investing
activities||||(100,956)|(999,717)|
|Cash flows from financing|activities|||||
|Government
grant income||||5,953|86,748|
|Net cash from financing
activities||||5,953|86,748|
|Net increase/(decrease)
in|cash and cash|equivalents||12,732|(88,483)|
|Cash and cash equivalents|at beginning|ofyear||1,117,006|1,205,489|
|Cash and cash equivalents|at end ofyear||22|1,129,738|1,117,006|
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|Donations
|and le|gacies
(conrrrruerr)||||
|---|---|---|---|---|---|
||||Unrestricted|Restdcted|Total Funds|
||||Funds|Funds|2022|
|||||F|6|
|Grants||||||
|Government|grant|income|5,953||5,953|
||||189,228|375|189,603|
||||Unrestricted|Restricted|Total Funds|
||||Funds
6|Funds
F|2021
f|
|Donations||||||
|Donations|||610,126|270,487|880,613|
|Legacies||||||
|Legacies|||143,300||143,300|
|Grants||||||
|Government|grant|income|86,748||86,748|
||||840,174|270,487|1,110,661|
##
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|2022|Funds|2021|
|||||6|||
|Nursing|Home|Fees for Residential|||||
|Care|||1,837,405|1,837,405|1,465,872|1,465,872|
|Income|from Retreats||58,014|58,014|32,425|32,425|
|Convalescent||Guest Home fees|27,920|27,920|11,765|11,765|
||||1,923,339|1,923,339|1,510,062|1,510,062|
##
|Other|trading|activities|||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
||||Funds
8||2022|Funds
E||2021
f|
|Guest|House|Fees|4,975||4,975|7,103||7,103|
##
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|7.|Investment
i|ncome||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2022|
||||||F|E|E|
||Rental income||||20,617||20,617|
||Income from|listed investments|||11,989|5,935|17,924|
||Bank interest|receivable|||5,298||5,298|
||Other interest|receivable||||||
||||||37,904|5,935|43,839|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds
f|Funds
E|2021
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|
|8.|Other income|||||||
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2022|
||||||E||E|
||Sundry income||||6,046||6,046|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds
E|Funds
f|2021
F|
||Sundry income||||5,189|35,700|40,889|
|9.|Expenditure|on charitable|activities|by fund type||||
||||||Unrestricted|Restricted|Total Funds|
||||||Funds
f|Funds
f|2022
E|
||Charitable
Activities||||1,881,826|8,400|1,890,226|
||Supportcosts||||25,494|1,764|27,259|
||||||1,907,320|10,164|1,917,485|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2021|
||||||F|||
||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|
##
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|Expenditu|re|on charitable
ac|tivities by activity typ|e|||
|---|---|---|---|---|---|---|
||||Activities||||
||||undertaken||Total funds|Total fund|
||||directly|Support costs|2022|2021|
||||E||E.|E|
|Charitable|Activities||1,890,226||1,890,226|1,752,057|
|Governance||costs||27,259|27,259|26,782|
||||1,890,226|27,259|1,917,485|1,778,839|
##
##
|Net gains on||investments|||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2022|
|||||F|E|E|
|Gains/(losses)||on listed investments||(128,331)|(23,166)|(151,497)|
|Gains/(losses)||on other investment|assets|341,997||341,997|
|||||213,666|(23,166)|190,500|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2021|
|||||E|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|
|Net income|||||||
|Net income is||stated after charging/(crediting):|||||
||||||2022|2021|
||||||E|E|
|Depreciation|oftangible fixed assets||||16,613|17,206|
|Operating
lease rentals|||||21,530|15,824|
|Foreign exchange differences|||||(405)|801|
##
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##
|Staff costs|||||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed as|follows:|
||||2022|2021|
||||E|F|
|Wages and salaries|||1,211,806|1,078,902|
|Social security costs|||86,452|78,281|
|Employer contributions|to pension|plans|24,114|43,633|
|Other employee
benefits|||8,439|4,393|
||||1,330,811|1,205,209|
|offull-time
|equivalent
emp|loyees
during the ye|
ar is analysed as follows:||
|---|---|---|---|---|
||||2022|2021|
||||No.|No.|
|Full Time equivalents|||45|42|
|The number|ofemployees|whose remuneration|for the year fell within the following|bands, were:|
||||2022|2021|
||||No.|No.|
|F80,000to|E89,999||1|1|
##
##
|During the year, neither trust
Tangible fixed assets|ee received any|remuneration
f|rom the char|ity.||
|---|---|---|---|---|---|
||Freehold|Fixtures and|Motor|||
||property|fittings|vehicles|Equipment|Total|
||E|E|F|E|E|
|Cost||||||
|At 1 January 2022|1,493,140|300,202|53,717|152,614|1,999,673|
|Additions|110,302|5,876||4,390|120,568|
|At 31 December 2022|1,603,442|306,078|53,717|157,004|2,120,241|
|Depreciation||||||
|At 1 January 2022|489,720|298,299|33,637|130,346|952,002|
|Charge for the year|11,932|628||4,053|16,613|
|At 31 December 2022|501,652|298,927|33,637|134,399|968,615|
|Carrying
amount||||||
|At 31 December 2022|1,101,790|7,151|20,080|22,605|1,151,626|
|At 31 December 2021|1,003,420|1,903|20,080|22,268|1,047,671|
##
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##
|Investments||||
|---|---|---|---|
||Investment|Other||
||properties|investments|Total|
||F||6|
|Cost or valuation||||
|At 1 January 2022|1,023,617|1,347,902|2,371,519|
|Additions||18,930|18,930|
|Fair value movements|341,997|(151,497)|190,500|
|Other movements||(5,293)|(5,293)|
|At 31 December 2022|1,365,614|1,210,042|2,575,656|
|Impairment||||
|At 1 January
2022 and 31 December 2022||||
|Carrying
amount||||
|At 31 December 2022|1,365,614|1,210,042|2,575,656|
|At 31 December 2021|1,023,617|1,347,902|2,371,519|
##
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|19.|Stocks|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||8|5|
||Raw materials||and consumables|1,700|1,700|
|20.|Debtors|||||
|||||2022
8|2021f|
||Trade debtors|||148,147|67,172|
||Prepayments||and accrued income|7,966|6,228|
||Other debtors|||13,528|13,668|
|||||169,641|87,068|
|21.|Investments|||||
|||||2022|2021|
|||||6|F|
||Short-term|deposits||528,122|602,954|
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##
|Cash and|cash equivalent|s|||
|---|---|---|---|---|
|Cash and|cash equivalents|comprise the following:|||
||||2022|2021|
|Cash at bank and in hand|||601,616|514,052|
|Short-term|deposits||528,122|602,954|
||||1,129,738|1,117,006|
|23.|Creditors: amounts|falling due within one year|||
|---|---|---|---|---|
||||2022
f|2021
F|
||Trade creditors||16,379|45,437|
||Accruals and deferred|income|69,082|53,284|
||Social security and other taxes||4,527|28,686|
||||89,988|127,407|
##
##
##
|The amounts|recognised
in the financi|al statements
for governme|nt
grants are as follo|ws:|
|---|---|---|---|---|
||||2022|2021|
|Recognised
Government|in income from donations
grants income|and legacies:|5,953|86,748|
##
##
##
|Analysis of|Analysis of|charita|ble
funds||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted||funds|||||||
||||At||||Gains and|At|
||||1 Jan 2022|Income|Expenditure|Transfers|losses 31|Dec 2022|
||||E|||F|F|F|
|General funds
Community
Fund|||4,165,100
50,913|2,161,492|(1,907,320)||213,666|4,632,938
50,913|
|Property|||||||||
|Improvements|||32,936|||||32,936|
||||4,248,949|2,161,492|(1,907,320)||213,666|4,716,787|
||||At||||Gains and|At|
||||1 Jan 2021|Income|Expenditure|Transfers|losses 31|Dec 2021|
|||||F|F|F|6||
|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|
|Restricted funds|||||||||
||||At||||Gains and|At|
||||1 Jan 2022|Income|Expenditure|Transfers|losses 31|Dec 2022|
||||F|F|F||E||
|Sister Anne||post|||||||
|graduate|scheme||962|||||962|
|Sister Mary|||||||||
|Whelan|fund||247,645|6,310|(10,164)||(23,166)|220,625|
||||248,607|6,310|(10,164)||(23,166)|221,587|
||||At||||Gains and|At|
||||1 Jan 2021
f|Income
6|Expenditure
F|Transfers|losses 31
F|Dec 2021
6|
|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|
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||||At|
|---|---|---|---|
||At 1 Jan 2022|Cash flows|31 Dec 2022|
||8|6||
|Cash at bank and in hand|514,052|87,564|601,616|
|Current asset investments|602,954|(74,832)|528,122|
||1,117,006|12,732|1,129,738|
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|||2022|2021|
|---|---|---|---|
|Income and endowments||||
|Donations
and legacies||||
|Donations||50,243|880,613|
|Legacies||133,407|143,300|
|Government
grant income||5,953|86,748|
|||189,603|1,110,661|
|Charitable
activities||||
|Nursing
Home Fees for Residential|Care|1,837,405|1,465,872|
|Income from Retreats||58,014|32,425|
|Convalescent
Guest Home fees||27,920|11,765|
|||1,923,339|1,510,062|
|Other trading activities||||
|Guest House Fees||4,975|7,103|
|Investment
income||||
|Rental income||20,617|13,332|
|Income from listed investments||17,924|5,576|
|Bank interest receivable||5,298|7,080|
|Other interest receivable|||116|
|||43,839|26,104|
|Other income||||
|Sundry income||6,046|40,889|
|Total income||2,167,802|2,694,819|
##
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##
|||||||2022f|2021|
|---|---|---|---|---|---|---|---|
|Expenditure||||||||
|Expenditure|on charitable|||activities||||
|Purchases||||||132,287|108,214|
|Wages and salaries||||||1,211,806|1,078,902|
|Employer's
NIC||||||86,452|78,281|
|Pension costs||||||24,114|43,633|
|Other post-retirement||benefits||||8,439|4,393|
|Operating
leases||||||21,530|15,824|
|Rates and water||||||10,521|16,684|
|Light and heat||||||73,992|118,308|
|Repairs and maintenance||||||126,898|106,089|
|Insurance||||||28,029|33,342|
|Motor vehicle|expenses|||||11,864|10,779|
|Legal and professional|||fees|||26,230|24,746|
|Telephone||||||14,789|14,008|
|Other office costs||||||38,099|42,638|
|Depreciation||||||16,613|17,206|
|Other interest|payable||and similar charges|||1,434||
|Foreign exchange gain/loss||||||(405)|801|
|Other Support|Costs|||||80,634|54,959|
|Gifts||||||4,159|2,832|
|Parkhouse|||||||7,200|
|||||||1,917,485|1,778,839|
|Total expenditure||||||1,917,485|1,778,839|
|Net gains on|investments|||||||
|Gains/(losses)|on listed||investments|||(151,497)|(28,972)|
|Gains/(losses)|on other||investment||assets|341,997|551,071|
|||||||190,500|522,099|
|Net income||||||440,817|1,438,079|
##
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||6||
|Expenditure
on|charitable||activities||||||
|Charitable
Activities|||||||||
|Activities undertaken||directly|||||||
|Direct charitable|activity|1 -|purchases||||132,287|108,214|
|Direct charitable|activity|1 -|wages/salaries||||1,211,806|1,078,902|
|Direct charitable|activity|1 -|employer's||NIC||86,452|78,281|
|Direct charitable|activity|1 -|pension costs||||24,114|43,633|
|Direct charitable|activity|1 -|other employee|||benefits|8,439|4,393|
|Direct charitable|activity|1 -|operating|leases|||21,530|15,824|
|Direct charitable|activity|1 -|rates &water||||10,521|16,684|
|Direct charitable|activity|1 -|light 8 heat||||73,992|118,308|
|Direct charitable|activity|1 -|repairs
&maintenance||||126,898|106,089|
|Direct charitable|activity|1 -|insurance||||28,029|33,342|
|Direct chadtable|activity|1 -|motor vehicle expenses||||11,864|10,779|
|Direct chadtable|activity|1 -|telephone||||14,789|14,008|
|Direct charitable|activity|1 -|other office||costs||38,099|42,638|
|Direct charitable|activity|1 -|depreciation||||16,613|17,206|
|Direct charitable|activity|1 -|Other Support Costs||||80,634|53,724|
|Direct charitable|activity|1 -|Gifts||||4,159|2,832|
|Direct charitable|activity|1 -|Parkhouse|||||7,200|
||||||||1,890,226|1,752,057|
|Governance costs|||||||||
|Governance
costs - accountancy
fees|||||||9,492|9,603|
|Governance
costs - audit fees|||||||10,952|10,722|
|Governance
costs - professional
fees|||||||5,786|4,421|
|Governance
costs - other finance costs|||||||1,434||
|Governance
costs - foreign|||exchange|gain/loss|||(405)|801|
|Governance
costs - bank charges||||||||1,235|
||||||||27,259|26,782|
|Expenditure
on|charitable||activities||||1,917,485|1,778,839|