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|Report ofthe|trustees|||
|Independent|examiner's|report||
|Statement of|financial|activities||
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|For the ye|ar ended 31Decemb|ar ended 31Decemb|er|2021||||
|---|---|---|---|---|---|---|---|
|Reference|and administrative||de|ils||||
|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 JJames'|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 &Co Ltd|||
||||||12,Moorgate|||
||||||London|||
||||||EC2R 6DA|||
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|Year ended 31Dece|mber||2021||||
|---|---|---|---|---|---|---|
||||||Unrestricted|funds|
||||||2021|2020|
|Income:||||Note|||
|Pensions|||||21,267|28,064|
|Investment
income|||||475|548|
|Rent ofproperty|||||5,000|5,000|
|Gills and legacies|||||35,805|776|
|Other income|||||983|100|
|Total income|||||63,530|34,488|
|Expenditure:|||||||
|Raising funds:|||||||
|Investment
management|||costs||8,476|10,269|
|Expenditure
on charitable||activities:|||||
|Staffcosts|||||4,637|4,854|
|Provisions|||||1,927|2,507|
|Rent||||||500|
|Rates, water and|insurance||||2,146|6,881|
|Light and heat|||||2,346|5,868|
|Maintenance
and|repairs||||6,623|9,316|
|Household
goods|||||734|1,997|
|Telephone,
postage and|||stationery||1,794|2,853|
|Grounds
maintenance|||||896|269|
|Travel|||||2,279|3,046|
|Medical|||||5,406|3,444|
|Personal expenditure|||||910|180|
|Education, courses and|||on-going formation||3,505|3,600|
|Donations
and gifts|||||519,558|2,874|
|Bank charges|||||48|35|
|Sundries|||||1,032|600|
|Depreciation|||||3,124|9,765|
||||||556,965|58,589|
|Governance
costs:|||||||
|Religious|||||1,005|1,647|
|Central fund|||||1,352||
|Reporting
accountant|||||1,512|1,512|
||||||3,869|3,159|
|Other resources expended:|||||||
|Pensions|||||5,985||
|Total expenditure|||||575,295|72,017|
|Net income/(expenditure)|||and net movement||||
|in funds before gains and|||losses||||
|on investments,|c/d||||(511,765)|(37,529)|
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|Year ended 31December|2021|||||
|---|---|---|---|---|---|
||||Unrestricted||funds|
||||2021||2020|
|Net incoming/(expenditure)|before gains/(losses)|||||
|on investments,
b/d|||(511,765)||(37,529)|
|Net gains/(losses)
on investments|||49,333||15,296|
|Net income/(expenditure)|||(462,432)||(22,233)|
|Other recognised gains/(losses):||||||
|Accumulated
depreciation|written back on|freehold||||
|property
now recognised
as an investment||property|24,000|||
|Profit on disposal offixed|assets||218,442|||
|Net movement
in funds|||(219,990)||(22,233)|
|Unrestricted
funds brought|forward||1,498,831||1,521,064|
|Unrestricted
funds carried forward|||1,278,841|1,498,831||
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|as at 31De|cember 2|021||||||
|---|---|---|---|---|---|---|---|
||||||2021||2020|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||||141.,096||586,148|
|Investments||||||||
|Freehold property|||||150,000|||
|Quoted investments|||||710,232||1,022,806|
|Unquoted
investments|||||14,752||13,272|
||||||1,016,0SO||1,622,226|
|Current assets||||||||
|Debtors||||1,079||209||
|Short term|deposits|||130,870||126,692||
|Cash at bank||||275,386||22,641||
|||||407,335||149,442||
|Creditors:|amouats|falling due||||||
||within one year|||(1,524)||(1,512)||
|Net current|assets||||405,811||147,930|
|Net Assets|||||1,421,891||1,770,156|
|Funds||||||||
|Unrestricted|funds||||1,278,841||1,498,831|
|Revaluation|reserve||||143,050||271,325|
||||||1,421,891||1,770,156|
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|TANGIBLE FIXEDAS|SE|TS||||||
|---|---|---|---|---|---|---|---|
|||||Freehold|Furniture|Motor|Total|
|||||Property|Er. equipment|vehicles||
|Cost or Valuation||||||||
|At I January 2021||||665,000|68,853|18,125|751,978|
|Disposals||||(350,000)|(54,792)|(8,625)|(413,417)|
|Transfer to freehold property||investment||(150,000)|-|-|(150,000)|
|At 31 December 2021||||165,000|14,061|9,500|188,561|
|Accumulated
depreciation||||||||
|At I January
2021||||106,400|46,652|12,778|165,830|
|Charge for the year||||1,650|138|1,336|3,124|
|Eliminated
on disposal||||(56,000)|(32,867)|(8,622)|(97,489)|
|Written back on freehold|property||investment|(24,000)|||(24,000)|
|||||28,050|13,923|5,492|47,465|
|Net book values||||||||
|At 31 December 2021||||136,950|138|4,008|141,096|
|At I January 2021||||558,600|22,201|5,347|586,148|
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|Freehold Property||||||
|---|---|---|---|---|---|
|Transfer from Tangible|Fixed Assets:|||||
|Valuation
in 2004|||||150,000|
|Accumulated
depreciation||to 31 December 2020|||(24,000)|
||||||126,000|
|Add back depreciation|to|recognise the property|as an investment|property|24,000|
||||||150,000|
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|||||2021|2020|
|---|---|---|---|---|---|
|Quoted investments||||||
||Market value|I January|2021|1,022,805|1,047,793|
||Disposals|||(351,950)|(30,000)|
||Investment
management||costs|(8,476)|(10,269)|
||Net gains/(losses)|||47,853|]5,281|
||Market value|31 December 2021||14,752|13,272|
|||||2021|2020|
|Unquoted
investments||||8||
||Market value|I January|2021|13,272|13,257|
||Dispo sais|||||
||Net gains|||1,079|209|
||Market value|31 December 2021||14,752|13,272|
|6.|DEBTORS|||||
|||||2021|2020|
||Other debtors|||||
||Prepayments|||1,079|209|
|||||1,079|209|
|7.|CREDITORSi AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||2021|2020|
|||||8||
||Accruals|||1,524|1,512|
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