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|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|||
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||||Page|
|---|---|---|---|
|Trustees'
report|||1-2|
|Independent
examiner's||report||
|Statement offinancial|activities|||
|Balance sheet||||
|Statement ofcash flows||||
|Notes to the financial|statements||7-13|
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|||||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|
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||||||||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|||||||||
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|||||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|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023
6|2022f|
|Donations|and gifts|10,127|175|
|Government|grants|(3,932)|38,908|
|||6,195|39,083|
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|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|
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|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|
##
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|The average
monthly
number
ofemployees
during|the year was:||
|---|---|---|
||2023|2022|
||Number|Number|
|Management|4|1|
|Care home staff|31|36|
|Total|35|37|
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|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|
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|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|
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||||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|
##
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|||||||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.|||||||||||||