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2021-03-31-accounts

Trustees Sister JP Joseph (Appointed 1 October
2020)
Sister T Mary
Sister LM Joseph
Charity number 235440
Principal address St Marys Convent
Ebchester
Consett
County
Durham
England
DH8 OQD
Independent examiner Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle Upon Tyne
Tyne and Wear
England
NE2 1TJ
Bankers HSBC
110Grey Street
Newcastle upon Tyne
NE1 6JG
Investment advisors StJames Place Wealth Management
1 Trinity Gardens
Broad Chare
Newcastle upon Tyne
NE1 2HF

Page
Trustees'
report
Independent
examiner's		 report
Statement offinancial activities
Balance sheet
Statement
ofcash flows
Notes to the financial statements

Unrestricted Unrestricted
funds funds
2021 2020
Notes 6
i
Donations and legacies 2 79,809 17,244
Charitable activities 3 528,615 514,852
Investments 4 7,239 8,472
Total income 615,663 540,568
~Edit
Charitable activities 5 536,149 512,277
Net gains/(losses) on investments 8,767 (8,221)
Net movement in funds 88,281 20,070
Fund balances at 1 April 2020 2,764,359 2,744,289
Fund balances at 31 March 2021 2,852,640 2,764,359

2021 2020
Notes 6 F
Fixed assets
Tangible assets 10 2,016,783 2,031,571
Investment properties 11 570,000 570,000
Investments 12 115,507 104,700
2,702,290 2,706,271
Current assets
Debtors 13 18,826 1,306
Cash at bank and in hand 150,215 61,552
169,041 62,858
Creditors: amounts falling due within
one year 14 (18,691) (4,770)
Net current assets 150,350 58,088
Total assets less current liabilities 2,852,640 2,764,359
Income funds
Unrestricted funds
Designated funds 15 2,586,783 2,601,571
General unrestricted funds 265,857 162,788
2,852,640 2,764,359
2,852,640 2,764,359

2021 2020
Notes f
Cash flows from operating activities
Cash generated
from operations		 17 83,464 32,474
Investing activities
Purchase oftangible
fixed assets		 (107,705)
Purchase of investments (2,040) (2,467)
Investment income received 7,239 8,472
Net cash generated
from/(used		 in)
investing activities 5,199 (101,700)
Net cash used
in financing		 activities
Net increase/(decrease)
in		 cash and cash
equivalents 88,663 (69,226)
Cash and cash equivalents at beginning ofyear 61,552 130,778
Cash and cash equivalents at end of year 150,215 61,552

Unrestricted Unrestricted
funds funds
2021 2020
E 9
Donations and gifts 12,404 17,244
Legacies receivable 10,000
Government grants 57,405
79,809 17,244

Residents Residents
fees fees
2021 2020
f f
528,615 514,852

Unrestricted Unrestricted
funds funds
2021 2020
6
5,200 5,200
2,039 3,272
7,239 8,472

Residential Residential
care costs care costs
2021 2020
f.
Staff costs 423,786 395,287
Depreciation and impairment 14,788 14,788
Rates and water 7,145 5,095
Insurance 6,874 6,116
Light and heat 16,637 18,485
Travel and transport 4,643 1,330
Repairs and maintenance 21,236 31,678
Staff training and recruitment 67
House and garden 11,477 6,882
Residents food 13,290 24,162
519,876 503,890
Share of support costs (see note 6) 11,475 5,867
Share of governance costs (see note 6) 4,798 2,520
536,149 512,277

Support Governance 2021 Support Governance 2020
costs costs costs costs
F F f f f
Postage and telephone 3,107 3,107 2,334 2,334
Sundry expenses 8,276 8,276 3,263 3,263
Bank charges 92 92 270 270
Independent examiners
fees 2,580 2,580 2,520 2,520
Legal and professional 2,218 2,218
11,475 4,798 16,273 5,867 2,520 8,387
Analysed
between
Charitable
activities		 11,475 4,798 16,273 5,867 2,520 8,387

Net movement Net movement in funds 2021 2020
E
Net movement in funds is stated after charging/(crediting)
Depreciation of owned tangible fixed assets 14,788 14,788

2021 2020
Number Number
Management 1 1
Care home staff 32 31
Total 33 32
Employment
costs		 2021 2020
Wages and salaries 403,722 377,523
Social security costs 15,555 13,495
Other pension costs 4,509 4,269
423,786 395,287

10 Tangible fixed assets Tangible fixed assets
Freehold land Fixtures and Total
and buildings fittings
5 f.
Cost
At 1 April 2020 1,902,500 147,876 2,050,376
At 31 March 2021 1,902,500 147,876 2,050,376
Depreciation and impairment
At 1 April 2020 18,805 18,805
Depreciation charged in the year 14,788 14,788
At 31 March 2021 33,593 33,593
Carrying
amount
At 31 March 2021 1,902,500 114,283 2,016,783
At 31 March 2020 1,902,500 129,071 2,031,571
11 Investment property
2021
F
Fair value
At 1 April 2020 and 31 March 2021 570,000
12 Fixed asset investments
Listed
investments
Cost or valuation
At 1 April 2020 104,700
Additions 2,040
Valuation
changes		 8,767
At 31 March 2021 115,507
Carrying
amount
At 31 March 2021 115,507
At 31 March 2020 104,700

13 Debtors
2021 2020
Amounts
falling due		 within one year: 6 F
Trade debtors 7,521
Prepayments and accrued income 11,305 1,306
18,826 1,306
14 Creditors: amounts falling due within one year
2021 2020
f. 6
Other taxation and social security 4,802 2,250
Other creditors 11,309
Accruals and deferred income 2,580 2,520
18,691 4,770

Balance at Resources Transfers Balance at Resources Balance at
1 April 2019 expended 1 April 2020 expended 31 March 2021
f 6 8
Capital fund 2,508,654 (14,788) 107,705 2,601,571 (14,788) 2,586,783
2,508,654 (14,788) 107,705 2,601,571 (14,788) 2,586,783

17 Cash generated
from		 operations operations 2021 2020
Surplus for the year 88,281 20,070
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (7,239) (8,472)
Fair value gains and losses on investments (8,767) 8,221
Depreciation
and impairment
oftangible		 fixed assets 14,788 14,788
Movements
in working		 capital:
(Increase)
in debtors		 (17,520) (805)
Increase/(decrease)
in		 creditors 13,921 (1,328)
Cash generated
from		 operations 83,464 32,474
18 Analysis
ofchanges		 in net funds
The charity had no debt during the year.