## ## ||||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| ##