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|Report ofthe trustees||||
|Independent|examiner's|report||
|Statement|offinancial|activities||
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|For the ye|ar ended 31Decemb|ar ended 31Decemb|er 2022||||
|---|---|---|---|---|---|---|
|Reference|and administrative||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|||WJJames Jk|Co||
|||||Chartered
Accountants|||
|||||Bishop House|||
|||||10Wheat Street|||
|||||Brecon|||
|||||Powys|||
|Bankers||||Lloyd Bank pic|||
|||||38High Street|||
|||||Brecon|||
|||||Powys|||
|||||and|||
|||||Cater Allen Ltd|||
|||||Pembroke House|||
|||||15Pembroke|Road||
|||||Cliilon|||
|||||Bristol|||
|Solicitors||||Red Kite Solicitors|||
|||||48 Free Street|||
|||||Brccon|||
|||||Powys|||
|Investment|advisers|||Mr Daniel Curtis|||
|||||Portfolio Director|||
|||||Schroder Jk Co Ltd|||
|||||12,Moorgate|||
|||||London|||
|||||EC2R6DA|||
|||||-3-|||
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|Year ended 31Dece|mber||2022||||
|---|---|---|---|---|---|---|
||||||Unrestricted|funds|
||||||2022|2021|
|Income:||||Note|||
|Pensions|||||20,893|21,267|
|Investment
income|||||502|475|
|Rent ofproperty|||||5,000|5,000|
|Gifts and legacies||||||35,805|
|Other income|||||841|983|
|Total income|||||27,236|63,530|
|Expenditure:|||||||
|Raising funds:|||||||
|Investment
management|||costs||7,029|8,476|
|Expenditure
on charitable||activities:|||||
|Staffcosts||||||4,637|
|Provisions|||||2,528|1,927|
|Rates, water and|insurance||||2,466|2,146|
|Light and heat|||||1,529|2,346|
|Maintenance
and|repairs||||385|6,623|
|Removal expenses|||||5,122||
|Household
goods|||||801|734|
|Telephone,
postage and|||stationery||1,478|1,794|
|Grounds maintenance|||||748|896|
|Travel|||||4,061|2,279|
|Medical|||||3,760|5,406|
|Personal expenditure|||||1,200|910|
|Education, courses and|||on-going formation||3,580|3,505|
|Donations
and gifts|||||284,248|519,558|
|Bank charges|||||34|48|
|Sundries||||||1,032|
|Depreciation|||||2,790|3,124|
||||||314,730|556,965|
|Governance
costs:|||||||
|Religious|||||1,275|1,005|
|Central fund|||||781|1,352|
|Reporting
accountant|||||1,538|1,512|
|Legal Fees|||||857||
||||||4,451|3,869|
|Other resources expended:|||||||
|Pensions||||||5,985|
|Total expenditure|||||326,210|575,295|
|Net income/(expenditure)|||and net movement||||
|in funds before gains and|||losses||||
|on investments,|ctd||||(298,974)|(511,765)|
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|
Year ended 31December|
2022|||||
|---|---|---|---|---|---|
||||Unrestricted||funds|
||||2022||2021|
|Net incoming/(expenditure)|before gains/(losses)|||||
|on investments,
b/d|||(298,974)||(511,765)|
|Net gains/(losses)
on investments|||(48,229)||49,333|
|Net income/(expenditure)|||(347,203)||(462,432)|
|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|||(347,203)||(219,990)|
|Unrestricted
funds brought|forward||1,278,841||1,498,831|
|Unrestricted
funds carried forward|||931,638|1,278,841||
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|as at31December 2|022||||||
|---|---|---|---|---|---|---|
|||||2022||2021|
|||Note|||g|g|
|Fixed assets|||||||
|Tangible assets||||138,306||141,096|
|Investments|||||||
|Freehold property||||150,000||150,000|
|Quoted investments||||438,974||710,232|
|Unquoted
investments||||14,771||14,752|
|||||742,051||1,016,080|
|Current assets|||||||
|Debtors|||1,308||1,079||
|Short term deposits|||127,602||130,870||
|Cash at bank|||205,127||275,386||
||||334,037||407,335||
|Creditors: amounts|falling due||||||
|within one year|||(1,400)||(1,524)||
|Net current assets||||332,637||405,81]|
|Net Assets||||1,074,688||1,421,891|
|Funds|||||||
|Unrestricted
funds||||931,638||1,278,841|
|Revaluadon
reserve||||143,050||143,050|
|||||1,074,688||1,421,891|
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||at the year end and their carrying
value. Realised
combined
in the Statement ofFinancial Activities.|and unrealised
investment
gains an|d losses ar|
|---|---|---|---|
|2.|INVKSTMKNT INCOME|2022|2021|
||||g|
||Dividends —equities|24||
||Deposit account interest|478|475|
|||502|475|
|3.|STAFF COSTS|2022|2021|
||Wages||4,637|
||Social Security costs|||
||||4,637|
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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Freehold|Furniture|Motor|Total|
||Property|&equipment|vehicles||
|Cost or Valuation|8||g|8|
|At 1 January 2022|165,000|14,061|9,500|188,561|
|At 31December 2022|165,000|14,061|9,500|188,561|
|Accumulated
depreciation|||||
|At
1 January 2022|28,050|13,923|5,492|47,465|
|Charge for the year|1,650|138|1,002|2,790|
||29,700|14,061|6,494|50,255|
|Net book values|||||
|At 31December 2022|135,300||3,006|138,306|
|At 1 January 2022|136,950|138|4,008|141,096|
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||||2022|2021|
|---|---|---|---|---|
|Quoted investments||||f.|
||Market value I January|2022|710,232|1,022,805|
||Disposals||(215,982)|(351,950)|
||Investment
management|costs|(7,029)|(8,476)|
||Net gains/(losses)||(48,247)|47,853|
||Market value 31December 2022||438,974|710,232|
||||2022|2021|
|Unquoted
investments|||||
||Market value I January|2021|14,752|13,272|
||Disposals||||
||Net gains||19|1,480|
||Market value 31 December 2021||14,771|14,752|
|6.|DEBTORS||||
||||2022|2021|
||Other debtors||||
||Prepayments||1,308|1,079|
||||1,308|1,079|
|7.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2022|2021|
||Accruals||1,400|1,524|
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