| Page | |||
|---|---|---|---|
| Report ofthe trustees | |||
| Independent | examiner's | report | |
| Statement | offinancial | activities |
| Balance sheet | |
|---|---|
| Notes to the financial | statements |
| For the ye | ar ended | 31Decemb | er 2020 | ||
|---|---|---|---|---|---|
| ministrative | details | ||||
| Charity number | 233769 | ||||
| Address | Ursuline Convent |
||||
| 1 Glamorgan | Street | ||||
| Brecon | |||||
| Powys | |||||
| LD3 7DW | |||||
| Trustees | Sister Mairead | O'Regan | |||
| Sister Angels | Anne Murray | ||||
| Sister Marianne O' Connor | |||||
| Sister Margaret J Carr | |||||
| Person responsible | for day to | ||||
| day management | Sister Angels | Anne Murray | |||
| Reporting | accountants | W J James & | Co | ||
| Chartered Accountants |
|||||
| Bishop House | |||||
| 10Wheat Street | |||||
| Brecon | |||||
| Powys | |||||
| Bankers | Lloyd Bank pic | ||||
| 38 High Street | |||||
| Brecon | |||||
| Powys | |||||
| and | |||||
| Cater Allen Ltd | |||||
| Pembroke House |
|||||
| 15Pembroke | Road | ||||
| Clitton | |||||
| Bristol | |||||
| Solicitors | Red Kite Solicitors | ||||
| 48 Free Street | |||||
| Brecon | |||||
| Powys | |||||
| Investment | advisers | Mr Daniel Curtis | |||
| Portfolio Director | |||||
| Schroder k.Co Ltd | |||||
| 12,Moorgate | |||||
| London | |||||
| EC2R 6DA |
| Year ended 31Dece | mber | 2020 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | funds | |||||
| 2020 | 2019 | |||||
| Income: | Note | f, | ||||
| Pensions | 28,064 | 41,675 | ||||
| investment income |
548 | 1,179 | ||||
| Rent ofproperty Gifts and legacies |
5,000 776 |
5,000 1,019 |
||||
| Other income | 100 | 100 | ||||
| Profit on sale ofmotor | vehicle | 1,906 | ||||
| Total income | 34,488 | 50,879 | ||||
| Expenditure: | ||||||
| Raising funds: | ||||||
| Investment management |
costs | 10,269 | 10,556 | |||
| Expenditure on charitable |
activities: | |||||
| Staff costs | 4,854 | 6,025 | ||||
| Provisions | 2,507 | 4,983 | ||||
| Rent | 500 | 5,000 | ||||
| Rates, water and | insurance | 6,881 | 6,590 | |||
| Light and heat Maintenance and |
repairs | 5,868 9,316 |
10,114 2,305 |
|||
| Household goods Telephone, postage and Grounds maintenance |
stationery | 1,997 2,853 269 |
2,244 2,209 719 |
|||
| Travel | 3,046 | 6,827 | ||||
| Medical | 3,444 | 33,541 | ||||
| Personal expenditure | 180 | 1,376 | ||||
| Education, courses and | on-going formation | 3,600 | ||||
| Donations and gifts |
2,874 | 1,881 | ||||
| Religious | 1,647 | 12,671 | ||||
| Central fund |
7,496 | |||||
| Reporting accountant |
1,512 | 1,506 | ||||
| Bank charges | 35 | 42 | ||||
| Sundries | 600 | 683 | ||||
| Depreciation | 9,765 | 10,359 | ||||
| 61,748 | 117,171 | |||||
| Total expenditure | 72,017 | 127,727 | ||||
| Net income/(expenditure) | and net movement | |||||
| in funds before gains and | losses | |||||
| on investments, | c/d | (37,529) | (76,848) |
| Year ended 3 | 1December 20 | 20 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | funds | ||||||
| 2020 | 2019 | ||||||
| g | |||||||
| Net incoming/(expenditure) | and net movement | in funds | |||||
| before gains | and losses on | investments, | b/d | (37,529) | (76,848) | ||
| Net profit/loss | on investment | assets | 15,296 | 97,329 | |||
| Net movement | in funds | (22,233 | 20,481 | ||||
| Reconciliation | offunds: | ||||||
| Total funds brought forward |
1,792,389 | 1,771,908 | |||||
| Total funds carried forward | 1,770,156 | 1,792,389 |
| as at 31Dec | ember 2 | 020 | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Note | |||||||
| Fixed assets | |||||||
| Tangible assets | 586, 148 | 595,913 | |||||
| Quoted investments | 1,022,806 | 1,047,793 | |||||
| Unquoted investments |
13,272 | 13,257 | |||||
| 1,622,226 | 1,656,963 | ||||||
| Current assets | |||||||
| Debtors | 6 | 209 | 508 | ||||
| Short term deposits | 126,692 | 126,143 | |||||
| Cash at bank | and in hand | 22,641 | 10,395 | ||||
| 149,442 | 137,046 | ||||||
| Creditors: amounts | falling due | ||||||
| within one year | 7 | 1,512 | 1,620 | ||||
| Net current | assets | 147,930 | 135,426 | ||||
| Net Assets | 1,770,156 | 1,792,389 | |||||
| Funds | |||||||
| Unrestricted | funds | 1,498,831 | 1,521,064 | ||||
| Revaluation | reserve | 271,325 | 271,325 | ||||
| 1,770,156 | 1,792,389 |
| TANGIBLE FIXEDASSET | S | ||||||
|---|---|---|---|---|---|---|---|
| Freehold | Through | Furniture | Equip- | Motor | Total | ||
| Property | floor lift | &fittings | ment | vehicles | |||
| Cost or Valuation | g | g | |||||
| At I January 2020 | 665,000 | 27,132 | 38,897 | 2,824 | 18,125 | 751,978 | |
| Additions | |||||||
| Disposals | |||||||
| At 31 December 2020 | 665,000 | 27,132 | 38,897 | 2,824 | 18,125 | 751,978 | |
| Accumulated depreciation |
|||||||
| At I January 2020 |
99,750 | 4,340 | 38,897 | 2,082 | 10,996 | 156,065 | |
| Charge for the year | 6,650 | 1,085 | - | 248 | |||
| Eliminated on disposal |
1,782 | 9,765 | |||||
| At 31 December 2020 | 106,400 | 5,425 | 38,897 | 2,330 | 12,778 | 165,830 | |
| Net | book values | ||||||
| At 31 December 2020 | 558,600 | 21,707 | 494 | 5,347 | 586,148 | ||
| At I January 2020 | 565,250 | 22,792 | 742 | 7,129 | 595,913 |
| 2020 | 2019 | ||
|---|---|---|---|
| Quoted investments | g | 0 | |
| Market value 1 January |
2020 | 1,047,793 | 1,032,979 |
| Disposals | (30,000) | (71,000) | |
| Investment management |
costs | (10,269) | (10,556) |
| Net gains/(losses) | 15,281 | 96,370 | |
| Market value 31 December 2020 | 1,022,805 | 1,047,793 |
| Yea | r ended 31Dec | ember 2020 | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Unquoted investments |
8 | |||
| Market value | 1 January 2020 | 13,257 | 12,298 | |
| Disposals | ||||
| Net gains | 15 | 959 | ||
| Market value | 31 December 2020 | 13,272 | 13,257 | |
| 6. | DEBTORS | |||
| 2020 | 2019 | |||
| f. | ||||
| Other debtors | ||||
| Prepayments | 209 | 508 | ||
| 209 | 508 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| 8 | 8 | |||
| Accruals | 1,512 | 1,620 |