2023-03-31-accounts

Trustees		Sister JP	Thomas
		Sister T Mary
		Sister LM	Joseph
Charity number		235440
Principal address		St Marys	Convent
		Ebchester
		Consett
		County Durham
		England
		DHB ODD
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 SJG
Investment	advisors	StJames	Place Wealth Management
		1 Trinity Gardens
		Broad Chare
		Newcastle	upon Tyne
		NE1 2HF

			Page
Trustees' report			1-2
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Statement ofcash flows
Notes to the financial	statements		7-13

				Unrestricted	Unrestricted
				funds	funds
				2023	2022
			Notes	f	f
Income from: Donations and legacies			'2	6,195	39,083
Charitable activities			3	573,784	546,631
Investments			4	7,390	6,492
Total Income				587,369	592,206
~d* did
Charitable activities			5	570,725	542,572
Net gains/gosses)		on investments		(8,268)	(7,085)
Net movement	in	funds		8,376	42,549
Fund balances at 1 April 2022				2,895,189	2,852,640
Fundbalances	at	31 March 2023		2,903,565	2,895,189

							2023	2022
			Notes			8
Fixed assets
Tangible assets			11				1,987,207		2,001,995
Investment property			12				570,000		570,000
Investments			13				102,512		110,334
							2,659,719		2,682,329
Current assets
Debtors			14	12,855				14,373
Cash at bank and in	hand			238,408				205,266
				251,263				219,639
Creditors: amounts	falling due within
one year			15	(7,417)				(6,779)
Net current assets							243,846		212,860
Total assets less current liabilities							2,903,565		2,895,189
Income funds
Unrestricted funds
Designated funds			16	2,557,207				2,571,995
General unrestricted	funds			346,358				323,194
							2,903,565		2,895,189
							2,903,565		2,895,189
The financial statements		were approved	'lnr I I 12 by the Trustees on ~Q........f..........
Sister T Mary Trustee	J~'cc /cert y

				2023		2022
			Notes	8		8
Cash flows from operating		activities
Cash generated from operations			18		26,198		50,471
Investing	acgvittes
Purchase	ofinvestments			(42,071)		(128,959)
Proceeds	from disposal of	investments		41,625		127,047
Investment	income received			7,390		6,492
Net cash	generated from investing
actlvfdes							4,580
Net cash	used in financing	activities
Net Increase in cash and cash equivalents					33,142		55,051
Cash and	cash equivalents	at beginning	ofyear		205,266		150,215
Cash and	cash equivalents	at end of	year		238,408		205,268

		Unrestricted	Unrestricted
		funds	funds
		2023 6	2022f
Donations	and gifts	10,127	175
Government	grants	(3,932)	38,908
		6,195	39,083

Residents	Residents
fees	fees
2023	2022
8	8
573,784	546,631

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
Rental income			5,200	5,200
Income from listed investments			2,190	1,292
			7,390	6,492
Charitable	activities
			Residential	Residential
			care costs	care costs
			2023	2022
			f
Staff costs			419,069	423,840
Depreciation	and impairment		14,788	14,788
Rates and water			4,511	4,712
Insurance			10,728	8,747
Light and heat			26,577	21,428
Travel and transport			2,586	3,650
Repairs and	maintenance		49,553	29,741
Staff training	and recruitment		126	743
House and	garden		8,611	7,511
Residents food			16,249	16,605
			552,798	531,765
Share ofsupport costs (see note 6)			13,234	7,336
Share ofgovernance		costs (see note 6)	4,693	3,471
			570,725	542,572

6	Supportcosts
		Support		Governance	2023	Support	Governance	2022
			costs 5	costs E		costs	costsf
	Postage and telephone		2,417		2,417	1,999		1,999
	Sundry expenses		10,662		10,662	5,244		5,244
	Bank charges		155		155	93		93
	Independent examiners
	fees			2,949	2,949		2,786	2,786
	Legal and professional			1,744	1,744		685	685
			13,234	4,693	17,927	7,336	3,471	10,807
	Analysed between
	Charitable activities		13,234	4,693	17,927	7,336	3,471	10,807
7	Net movement in funds						2023	2022
							E	E
	Net movement in funds	is stated	after charging/(crediting)
	Depreciation of ovmed	tangible	fixed assets				14,788	14,788

The average monthly number ofemployees during	the year was:
	2023	2022
	Number	Number
Management	4	1
Care home staff	31	36
Total	35	37

Employees		(Continued)
Employment costs	2023	2022
Wages and salaries	399,854	404,333
Social security costs	14,138	14,912
Other pension costs	5,077	4,595
	419,069	423,840

Tangible fixed assets	Tangible fixed assets
			Freehold	land	Fixtures and	Total
			and buildings		nttlnga
				8	8
Cost
At 1 April 2022			1,902,500		147,876	2,050,376
At 31 March	2023		1,902,500		147,876	2,050,376
Depreciation	and impairment
At 1 April 2022					48,381	48,381
Depreciation	charged	in the year			14,788	14,788
At 31 March	2023				63,169	63,169
Carrying amount
At 31 March	2023		1,902,500		84,707	1,987,207
At 31 March	2022		1,902,500		99,495	2,001,995
Investment	properly
						2023
						8
Fair value
At 1 April 2022 and 31		March 2023				570,000

			Listed	Cash in	Total
			investmentsf	porffolio
	Cost orvaluation
	At 1 April 2022		97,626	12,708	110,334
	Additions		42,071		42,071
	Valuation changes		(8,268)	(8,426)	(16,694)
	Disposals		(33,199)		(33,199)
	At 31 March 2023		98,230	4,282	102,512
	Canying amount.
	At 31 March 2023		98,230	4,282	102,512
	At 31 March 2022		97,826	12,708	110,334
14	Debtors
	Amounts faglng due	within one year:		2023f	2022f
	Trade debtors			12,855	14,373
15	Creditors: amounts	falling due within one year
				2023f	2022f
	Other taxation and social security			3,352	3,068
	Other creditors			1,114	927
	Accruals and deferred	income		2,951	2,786
				7,417	6,779

						Balance	Balance	at	Resources	Resources	Balance at	Balance at	Resources	Resources	Balance at
						1April 2021 f			expendedf		1April	2022 f	expended f		31 March 2023 f
	Capital fund					2,586,783			(14,788)		2,571,995		(14,788)		2,557,207
						2,586,783			(14,788)		2,571,995		(14,788)		2,557,207
	Capital Fund
	Represents the net book value	of	the	capital		assets and investment				property
17	Related party transactions
	There were no disclosable related		party		transactions during the year					(2022- none).
	Remuneration ofkey management			personnel
	The remuneration ofkey management				personnel		is as	follows.
													2023f		2022f
	Aggregate compensation												93,906		100,487
18	Cash generated from operations												2023f		2022 f
	Surplus for the year												8,376		42,549
	Adjustments for.
	investment income recognised	in statement				offinancial		activities					(7,390)		(6,492)
	Fair value gains and losses on	investments											8,268		7,085
	Depreciation and impairment oftangible				fixed assets								14,788		14,788
	Movements in working capital:
	Decrease in debtors												1,518		4,453
	Increase/(decrease) in creditors												638		(11,912)
	Cash generatod from operations												26,198		50,471
19	Analysis ofchanges In net funds
	The charity had no debt during	the	year.