**Charity registration number 271117**
**Company registration number 1241044 (England and Wales)**
**THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
**THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **CONTENTS**
||**Page**|
|---|---|
|Legal and administrative information|1|
|Trustees' report|2 - 6|
|Independent auditor's report|7 - 9|
|Statement of financial activities|10 - 11|
|Statement of financial position|12|
|Statement of cash flows|13|
|Notes to the financial statements|14 - 28|
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Sister J M Carter Sister H M F Crane Sister K E Brewin Sister H G Dowler (Resigned 22 October 2021) Sister H L Stout Sister J E Davey **Secretary** Sister J M Carter **Prioress** Sister J M Carter **Bursar** Sister J M Carter **Charity number** 271117 **Company number** 1241044 **Principal address and registered office** St Hilda's Priory Castle Road Whitby North Yorkshire YO21 3SL **Auditor** N Clemit ACA, FCCA JWPCreers LLP Chartered Accountants Genesis 5 Church Lane York YO10 5DQ **Bankers** HSBC Bank Plc 4 Baxtergate Whitby North Yorkshire YO21 1BD **Solicitors** Knight's plc Victoria Hudson Quarter Toft Green York YO1 6AB **Investment advisors** RBC Brewin Dolphin 10 Wellington Place Leeds LS1 4AN
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
The trustees present their annual report and financial statements for the year ended 30 June 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019".
The legal and administrative information page forms part of this report.
## **Objectives and activities**
## **Charitable Objectives**
The object for which the Chapter was established is in accordance with the principles of the Christian Religion to undertake, promote and carry on in any part of the world, enterprises for the advancement of educational, missionary, pastoral, evangelical, medical or other charitable work in the furtherance of that object. To found, acquire and conduct houses of prayer, churches, chapels, priories, dwelling houses, colleges, schools, technical training establishments, retreat houses, orphanages, refuges and clubs for the poor, guilds, offices or any other institutions which may from time to time be desirable for the commencement or furthering of Christian work in England or in any other country, and to provide the same with all proper, desirable or necessary fittings, apparatus, appliances, conveniences and accommodation desirable for the efficient conduct and welfare of the same. To print, publish and sell newspapers, periodicals, books, leaflets and other publications to further the objects of the Chapter.
The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
## **Achievements and performance**
It is the policy of the Order to undertake a broad range of charitable activities. The principal areas in which the Order is involved are set out as follows:
## **Education**
The Order grants financial assistance to needy persons primarily between the ages of 16 and 25 in the Whitby Deanery to assist in their education, training or personal development.
## **Health Care**
The Order is responsible for running St Hilda's Priory Aelred Wing, a registered care home.
## **Retreat Work**
The Order is actively involved in retreat and counselling work at the Priory and in other houses of the Order.
## **Social and Pastoral Care**
Members of the Order are involved, mainly in a voluntary capacity, in parish work, hospital and hospice chaplaincy, mental health and counselling work and work with children and young people in the UK and overseas.
## **Overseas Work**
Members of the Order work in Ghana where they undertake vocational training, medical work, and work within the Anglican Church, spiritual direction and pastoral care. The UK funds of the Order are being used in development and work in both countries. Donations received for overseas work are administered as restricted funds. Material produced for fund raising is financed from The Central Funds of the Order.
## **Grant making policy**
The Order tithes (10%) its investment income from the previous financial year as charitable giving. Additional grants may be given on the approval of the Chapter of the Order of the Holy Paraclete.
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **Investments**
The Order’s investments are managed by a nominee company, Brewin Dolphin, which has discretionary powers. The Order maintains an ethical policy for its investments.
The quarterly return on investments, in capital terms, compared to FTSE All Share Index, Government All Stocks Index and WMA Income Index, during the year is set out below
||FTSE|Government all stocks|Risk Level 5 income|OHPportfolio|
|---|---|---|---|---|
|July/Sept 2021|+2.23%|-1.84%|+0.95|+0.42|
||||||
|Oct/Dec 2021|+4.20%|+2.42%|+3.84%|+2.16%|
||||||
|Jan/March 2022|+0.49%|-7.17%|-1.81%|-4.42%|
||||||
|Apr/Jun 2022|-5.04%|-7.42%|-6.00%|-7.76%|
||||||
|12 months to 30 June 2022|+1.64%|-13.60%|-3.25%|-9.56%|
## **Review of activities**
## **1. Education**
The sisters continue to be involved with the local community with some serving as governors at local schools.
Sr Dorothy Stella is no longer a governor but continues to offer help at school with early maths and literacy skills.
## **St Hilda’s Bursary Award: OHP Trustees Report 2021 - 2022**
The total value of awards for the year 2021 – 2022 was £6,970. There was some increase in award applications during the year though applications have not yet returned to pre-COVID levels; there is a backlog of rearranged plans among potential students. The balance on the £6,000 grant for the year (approx. £3,000) had been designated as an award to Caedmon College Whitby to help post16 students who had fallen behind. This was paid in the 2021 – 2022 financial year.
The update of promotional material is in process.
Awards of between £100 and £500 were made to 13 individuals; these were made towards costs for Sports Sciences, Biological Sciences, Geography, Psychology, Professional Policing, Nursing, work placements at Wembley and for dyslexia testing/equipment for university student.
**Holy Paraclete Women’s Skills Centre** : Sunyani, Ghana: HOPWOSC is a place where disadvantaged women aged 16-35, from various educational backgrounds, or without any schooling, are given skills to empower them financially. The three year training includes dressmaking, tailoring, craft work, bead craft, crocheting and other fashion accessories; basic literacy and numeracy for those who need it; talk in business management, life skills, health issues, pastoral care and growth in spiritual life are given to enhance their lives after training.
Trainees are able to sit for the National Vocational Training Institutes exams at the centre. Successful candidates are awarded national certificates which will enable them to apply for jobs, establish their own businesses or further their vocational education.
In the year 2021 twenty trainees graduated. Ten now work in their own villages; five have opened their own shops and have their own apprentices; two are working either on a veranda or under a tree in their homes; two have partnered previous graduates and one is teaching in the Centre.
Currently there are thirty-seven trainees. The Centre is also used as an exam centre for other private candidates.
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**THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **2. Health Care**
## – Aelred Wing Priory, UK
The Order has an obligation to care for its members, none of whom has resources of their own and all of whom have devoted a significant part of their lives to the work of the Order.
In common with many religious communities in Great Britain, the age profile of the members of the Order is increasing, as existing members grow older, and the number of new vocations decreases.
For most of the year there were 8 Sisters in permanence residence in the Aelred Wing, But sadly one sister passed away just before Easter and a 2[nd] one just after the year end.
During the year the CQC held a spot inspection as a result of which the Wing was rated Good.
## Jachie Eye Clinic and Eye Hospital - Ghana
Jachie Eye Hospital is a small hospital in Ghana. It has a suite of modern equipment. There is great scope to prevent much blindness.
The other main service is the Outreach service from the Clinic which allows the clinic to provide Eye care treatment to people at their homes.
## **3. Pastoral Work**
Sisters from the Priory work in a voluntary capacity in Whitby. Two sisters have worked at the Foodbank. One sister works as the Deanery Administrator and secretary to the Deanery Synod. Two Sisters work as part of the Diocesan Vocations Team. Many sisters provide spiritual accompaniment to individuals on a regular basis and others provide a listening ear responding to individual needs.
All the sisters share in the ministry of Hospitality.
## Easterside
Sr Karan has continued to develop the ministry in Easterside, Middlesbrough.
Sr Karan has established a regular worship slot in the house during the week when she is joined by some of the local residents for morning worship and the Eucharist, for Lent groups and bible study.
Karan has continued to offer support at the Genesis project.
She has also worked on the house and garden which had been neglected during the interregnum. The property now looks much more welcoming and can form the base for a future ministry.
## **4. Hospitality**
In keeping with the Monastic tradition, all the houses of the Order welcome guests.
At the Priory, after a slow start to the year, the hospitality ministry has shown a steady increase as people gained confidence after the relaxation of pandemic restrictions. Bookings have been mainly from individuals seeking some quiet time away but also 4 group and Wedding guests from Sneaton Castle.
Next year we hope to have a small Retreat programme in place.
Chapel is central to the life and prayer of the Order, and many of our guests come to share in our worship or to use the Chapel for their own worship.
## **Financial review**
The number of life professed sisters was 21 at the end of the year under review; the majority of them are pensionable, having given most of their lives to the charitable work of the Order. There have been no new vocations this year. One sister died during the year and one just after the year end. The average age of the Community is currently 78 years.
The Statement of Financial Activities shows that the total resources decreased by £1,236,078 during the year (2021: £27,819 gain), which includes £622,362 losses (2021: £860,392 gains) on investments in the year.
At the end of the year to June 2022 the total funds of the company were £10,175,806 (2021: £11,411,884). Of this some £5,456,189 (2021: £5,548,698) was in fixed assets needed for the work of the Order and £4,530,204 (2021: £5,239,767) in investments. From the remaining current assets and liabilities £146,275 (2021: £144,559) was made up of restricted funds and £53,002 (£87,407) designated funds leaving a balance of £(3,527) (2021: £391,453) in general funds.
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **Reserves Policy**
The members of the Order shall work for their living. The Order is under obligation to support its members during training, in old age and in sickness, and to maintain its property adequately. For such purposes it shall be permissible to use income derived from trusts and investments, and if necessary to realise capital. Such income may also be used for the development of existing work and when new work is to be undertaken. It shall be the responsibility of each Chapter, and more especially of the Greater Chapter, to ensure that all property and income is being used to be of the greatest value to the Church and Society, and to remember that, ultimately, a religious community is bound to live by faith. Whilst exercising a careful stewardship in the management of its present affairs it must avoid the accumulation of capital beyond its foreseeable requirements.
The annual resources required to fund the Order’s activities before investment, legacy and non-recurring income currently falls short of expenditure by £759,901. Using a current annuity rate of around 3.77% based on the average age of the community of 78 years the free reserves required would be £20,156,525. The current figure is £4,461,354. The Order keeps the policy under review considering the work undertaken and the number and average age of the community.
## **Risk management**
The Order examines all its activities at its annual General Chapter and its finances at the AGM of the company. Its operations and any major risks that the Order might face are under regular review by the Chapter Standing Committee (Policy) and Council of Management (Board of the Company). The trustees consider that adequate systems are in place to monitor and control these risks to mitigate the Order's exposure to them.
## **Plans for future periods**
St Oswald’s is now being run by the new St Oswald’s Community, and while the Prioress serves as a Trustee the Order is no longer responsible for the running of the house.
The Order intends to continue to meet the following objectives:
- To continue to care for the sisters and to enable them to carry out their pastoral work
- To continue to support the overseas work through the allocation of donations given for this work
- To continue to review environmental issues
- To monitor the needs of the sisters as they grow older and, if necessary, adapt the Order’s plans in respect of property needs and provision of care to elderly members
- To monitor the outgoing expenses and look for new ways to generate income
## **Structure, governance and management**
The Chapter of the Order of the Holy Paraclete is governed by its Memorandum and Articles of Association.
The Order of the Holy Paraclete (the Order) is a Religious Order within the Anglican Church. It is administered by the Chapter (comprising all full members of the Order) under the chairmanship of the Prioress. The Prioress is elected by the members of the Chapter to serve for a period of five years.
The assets of the Chapter are held in the accounts detailed in this report; the Order's charitable activities are funded by these accounts. The Chapter was registered with the Charities Commission on 9 May 1964, registration number 271117, and was registered as an unlimited company on 20 January 1976, company registration number 1241044.
## **Trustees recruitment and appointment**
As set out in the Articles of Association the Trustees shall not be less than three not more than seven. The trustees shall consist of the Prioress, Sub-Prioress, the Bursar and four other members of the Chapter. These elected trustees retire in rotation. The trustees are also directors of the company.
## **Organisation**
The Chapter usually meets twice a year to review the state of the Order and take such decisions as are necessary to fulfil its objects.
A Chapter Standing Committee has been set up comprising the Prioress, Sub-Prioress, Chapter Clerk, one Sister appointed by the Prioress and four elected members. This committee is to act on behalf of the Chapter between meetings with specific purposes and powers.
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **Trustee induction and training**
Eligibility to become a trustee is dependent upon a sister being in profession. There is a three-year period of training, discernment and assessment within the Order before a new member is accepted as a sister in profession in the Order.
Trustees take advantage of on-going training opportunities relevant to trusteeship.
## **Related Parties**
A summary of transactions with related parties is set out in note 22 of the financial statements.
## **Statement of trustees' responsibilities**
The trustees, who are also the directors of The Chapter of The Order of The Holy Paraclete for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
The trustees' report was approved by the Board of Trustees.
Jocelyn M Carter Signed on 07/12/22 @ 15:50
Sister J M Carter Trustee Date: 24 November 2022
Heather M F Crane Signed on 12/12/22 @ 14:35
Sister H M F Crane Trustee Date:24 November 2022
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **INDEPENDENT AUDITOR'S REPORT**
## **TO THE TRUSTEES OF THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **Opinion**
We have audited the financial statements of The Chapter of The Order of The Holy Paraclete (the ‘charitable company’) for the year ended 30 June 2022 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
## In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 30 June 2022 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the trustees annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of our audit:
- the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
- the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
## **Responsibilities of trustees**
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
The objectives of our audit, in respect to fraud, are to identify and access the risks of material misstatement of the financial statements due to fraud and obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses, and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
Our approach was a follows:
- During our planning process we gained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and determined that the most significant of them, which are directly relevant to specific assertions in the financial statements, are those that relate to the reporting framework (FRS102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;
- We gained an understanding of how the charitable company is complying with these frameworks by making enquiries of trustees, key management and if necessary, advisors responsible for legal and compliance matters. We observed key controls and made appropriate enquiries following our review of contracts, interim financial data, board minutes and reports provided to the trustees;
- We independently assessed the susceptibility of the charitable company’s financial statements to material misstatement, including how fraud or error might occur by meeting with trustees and senior management with the skills and experience necessary to determine the risk factors which they believe expose the charitable company to susceptibility to fraud and error. We also considered the impact of any business targets, the personal financial circumstances of management and staff to create a driver for fraud. We considered the culture and controls that the charitable company has established to address the risks identified and evaluated the effectiveness of processes and procedures to prevent and detect fraud, and how senior management monitors those processes and controls. Where the risk was considered to be higher, we designed then performed audit procedures to address each identified fraud risk. These procedures included, but were not restricted to, testing large and unusual items, journals, and transactions with high estimation uncertainty. These tests were designed to provide reasonable assurance that the financial statements were free from fraud and error; and
- Based on our audit plan and understanding of the risks that specifically affect the charitable company we designed our audit procedures to identify non-compliance with such laws and regulations identified above. Our procedures involved substantive testing of transactions and appropriate controls, with a focus on transactions in the books of prime entry that have characteristics that may indicate fraud or error. We looked for unusual patterns, large or unusual transactions, weaknesses in the payments system and new supplier transactions based on our understanding of the business; enquiries of trustees and management and the results from previous audit testing; and focused testing, on specific complex areas based on risk. In addition, we completed procedures to conclude on the other information and disclosures in the trustees’ report and accounts with the requirements of the relevant accounting standards and UK legislation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
We communicate with those charge with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
## N P Clemit
Countersigned on 13/12/22 @ 13:58
## **(Senior Statutory Auditor)**
**for and on behalf of N Clemit ACA, FCCA**
.........................
**Chartered Accountants Statutory Auditor**
JWPCreers LLP Chartered Accountants Genesis 5 Church Lane York YO10 5DQ
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 JUNE 2022**_
|**CURRENT FINANCIAL YEAR**
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2022**
**2022**
**Notes**
**£**
**£**
**Income**
Donations and legacies
**2**
202,575
4,429
Charitable activities
**3**
165,301
2,817
Other trading activities
**4**
32,227
10,346
Investments
**5**
136,476
60
Other income
**6**
-
(8,360)
**Total income**
536,579
9,292
**Expenditure**
Raising funds
**7**
32,512
-
Charitable activities
**8**
936,354
192,439
**Total expenditure**
968,866
192,439
Net gains/(losses) on investments
**12**
(622,362)
-
**Net (expenditure)/income before transfers**
(1,054,649)
(183,147)
Gross transfers between funds
(49,894)
49,896
**Net movement in funds**
(1,104,543)
(133,251)
Fund balances at 1 July 2021
5,631,220
5,636,105
**Fund balances at 30 June 2022**
4,526,677
5,502,854|**Restricted**
**funds**
**2022**
**£**
5,673
163,002
-
379
-
169,054
-
167,336
167,336
-
1,718
(2)
1,716
144,559
146,275|**Total**
**2022**
**£**
212,677
331,120
42,573
136,915
(8,360)
714,925
32,512
1,296,129
1,328,641
(622,362)
(1,236,078)
-
(1,236,078)
11,411,884
10,175,806|**Total**
**2021**
**£**
44,954
369,001
14,770
174,509
(1,547)
601,687
30,899
1,403,361
1,434,260
860,392
27,819
-
27,819
11,384,065
11,411,884|
|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **PRIOR FINANCIAL YEAR**
|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2021**
**2021**
**Notes**
**£**
**£**
**Income**
Donations and legacies
**2**
39,287
2,340
Charitable activities
**3**
207,336
1,641
Other trading activities
**4**
4,208
10,562
Investments
**5**
174,162
-
Other income
**6**
(1,547)
-
**Total income**
423,446
14,543
**Expenditure**
Raising funds
**7**
30,899
-
Charitable activities
**8**
1,068,321
167,324
**Total expenditure**
1,099,220
167,324
Net gains/(losses) on investments
**12**
860,392
-
**Net (expenditure)/income for the year**
184,618
(152,781)
Gross transfers between funds
(301,066)
314,492
**Net movement in funds**
(116,448)
161,711
Fund balances at 1 July 2020
5,747,668
5,474,394
**Fund balances at 30 June 2021**
5,631,220
5,636,105|**Restricted**
**funds**
**2021**
**£**
3,327
160,024
-
347
-
163,698
-
167,716
167,716
-
(4,018)
(13,426)
(17,444)
162,003
144,559|**Total**
**2021**
**£**
44,954
369,001
14,770
174,509
(1,547)
601,687
30,899
1,403,361
1,434,260
860,392
27,819
-
27,819
11,384,065
11,411,884|
|---|---|---|
- 11 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **STATEMENT OF FINANCIAL POSITION**
## _**AS AT 30 JUNE 2022**_
|**2022**
**2021**
**Notes**
**£**
**£**
**£**
**Fixed assets**
Tangible assets
**13**
5,456,189
Investments
**14**
4,530,204
9,986,393
**Current assets**
Debtors
**15**
11,638
16,229
Cash at bank and in hand
260,480
665,899
272,118
682,128
**Creditors: amounts falling due within one year**
**16**
(82,705)
(58,709)
Net current assets
189,413
**Total assets less current liabilities**
10,175,806
**Income funds**
Restricted funds
**17**
146,275
Unrestricted funds
Designated funds
**18**
5,502,854
5,636,105
General unrestricted funds
4,526,677
5,631,220
10,029,531
10,175,806
The financial statements were approved by the Trustees on 24 November 2022
Sister J M Carter
Sister H M F Crane
**Trustee**
**Trustee**
Jocelyn M Carter
Signed on 07/12/22 @ 15:50
Heather M F Crane
Signed on 12/12/22 @ 14:35|**£**
5,548,698
5,239,767|
|---|---|
||10,788,465
623,419|
||11,411,884|
||144,559
11,267,325|
||11,411,884|
|||
## **Company Registration No. 1241044**
- 12 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 30 JUNE 2022**_
|**Notes**
**Cash flows from operating activities**
Cash absorbed by operations
**23**
**Investing activities**
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed assets
Movement in investment cash accounts
Purchase of other investments
Proceeds on disposal of other investments
Investment income received
**Net cash generated from investing activities**
**Net cash used in financing activities**
**Net decrease in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2022**
**£**
(77,499)
400
(32,391)
(589,374)
708,966
136,915|**2021**
**£**
**£**
(552,436)
(311,625)
3,400
37,292
(1,663,942)
2,230,653
174,509
147,017
-
(405,419)
665,899
260,480|**£**
(874,968)
470,287
-
(404,683)
1,070,582
665,899|
|---|---|---|---|
- 13 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **1 Accounting policies**
## **Charity information**
The Chapter of the Order of the Holy Paraclete is a private unlimited company and has no share capital and is registered in England and Wales. In the event of the company being wound up or dissolved, funds remaining after all debts and liabilities are settled will be transferred to a similar institution with similar charitable objectives. The charity’s registered office and the nature of the charity’s principle activities are as stated on the Report of the Board of Trustees.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charitable company's memorandum and articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are funds that can only be used for particular restricted purposes within the objects of the company. Restrictions arise when specified by the donor or when funds are raised for a specific purpose.
## **1.4 Income**
Income, including legacies, are included in the statement of financial activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Covenanted salaries and pensions are received under deeds of covenant from members of The Chapter of the Order of the Holy Paraclete and are stated inclusive of income tax but net of any deductions for social security payments and contributions to occupational pension schemes.
Receipts of property, investments or other gifts in kind are included at market value.
## **1.5 Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in pursuit of its charitable objects.
Direct costs consist of all expenditure directly relating to the objects of the Chapter. Support costs have been allocated in full to direct costs.
Mission and charitable grants payable are charged in the period when the grant is given.
Raising funds comprise those costs associated with attracting donations and legacies, the costs of trading for fundraising purposes including the costs incurred by the trading subsidiary and investment management fees.
Governance costs include expenditure on general administration, and management and compliance with constitutional and statutory requirements.
- 14 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.6 Tangible fixed assets**
Prior to 1 September 1996 all capital expenditure was written off as incurred. As at that date the trustees included material fixed assets at cost less notional depreciation in the balance sheet except for freehold property which was valued at current market value. Subsequent acquisitions or improvements are capitalised at cost subject to a de minimis figure of £500.
Depreciation is calculated by the straight line method to write off the cost/value, less anticipated residual value over the expected useful lives of assets as follows:
Freehold property 2% and 5% Fixtures, fittings and equipment 20% Motor vehicles 25%
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Depreciation is not charged until the asset is ready for use.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand and deposits held at call with banks.
## **1.10 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## _**Basic financial assets**_
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid at the year end.
## _**Basic financial liabilities**_
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- 15 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.11 Taxation**
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
## **1.12 Leases**
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
## **1.13 Pension costs**
Chapter of the Order of the Holy Paraclete (The) Unlimited contributes to defined contribution pension schemes including individual personal pensions. The assets of the schemes are held separately from those of the charity. Pension costs charged in the Statement of Financial Activities represent the contributions payable by the charity in the year.
## **1.14 Redundancy costs**
Redundancy costs are recognised as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
- 16 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **2 Donations and legacies**
|**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2022**
**2022**
**2022**
**£**
**£**
**£**
Donations and gifts
44,567
3,071
265
Legacies receivable
151,516
-
-
Donations for overseas work
-
-
4,299
Other
6,492
1,358
1,109
202,575
4,429
5,673
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2021
2021
2021
£
£
£
Donations and gifts
11,437
-
-
Legacies receivable
2,964
-
-
Donations for overseas work
-
-
3,327
Other
24,886
2,340
-
39,287
2,340
3,327|**Total**
**2022**
**£**
47,903
151,516
4,299
8,959|
|---|---|
||212,677|
||Total
2021
£
11,437
2,964
3,327
27,226|
||44,954|
- 17 -
**THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **3 Charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**Income**|**Income**|
||**2022**|**2021**|
||**£**|**£**|
|Covenanted salaries|2,817|20,453|
|Covenanted pensions|26,401|26,618|
|State pensions|105,817|104,831|
|Grants received|32,917|47,637|
|DSS allowance|31,835|27,931|
|NYCC allowance|130,085|137,851|
|Other income|1,248|3,680|
||331,120|369,001|
|Analysis by fund|||
|Unrestricted funds - general|165,301|207,336|
|Unrestricted funds - designated|2,817|1,641|
|Restricted funds|163,002|160,024|
||331,120|369,001|
|**Grants received**|||
|HMRC coronavirus job retention scheme|-|25,464|
|Infection control fund|2,124|17,008|
|Rapid testing fund|2,162|5,165|
|Adult social care|5,881|-|
|WICS|12,750|-|
|WRRF|10,000|-|
||32,917|47,637|
## **4 Other trading activities**
|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2022**
**2022**
**£**
**£**
Hospitality income
30,064
-
Friends of OHP membership
1,645
-
Newsletter including
publications
518
-
Cards & library sales
-
10,346
Other trading activities
32,227
10,346|**Total**
Unrestricted
Unrestricted
funds
funds
general
designated
**2022**
2021
2021
**£**
£
£
30,064
301
-
1,645
2,286
-
518
1,551
-
10,346
70
10,562
42,573
4,208
10,562|Total
2021
£
301
2,286
1,551
10,632|
|---|---|---|
|||14,770|
- 18 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **5 Investments**
|**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2022**
**2022**
**2022**
**£**
**£**
**£**
Rental income
779
-
-
Income from listed investments
135,578
-
-
Interest receivable
119
60
379
136,476
60
379
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2021
2021
2021
£
£
£
Rental income
16,035
-
-
Income from listed investments
156,810
-
-
Interest receivable
1,317
-
347
174,162
-
347|**Total**
**2022**
**£**
779
135,578
558|
|---|---|
||136,915|
||Total
2021
£
16,035
156,810
1,664|
||174,509|
## **6 Other income**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**designated**|general|
||**2022**|2021|
||**£**|£|
|Net (loss)/gain on disposal of assets|(8,360)|(1,547)|
|**Raising funds**|||
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**general**|general|
||**2022**|2021|
||**£**|£|
|Cost of raising funds|||
|Fundraising and publicity|-|520|
|Investment manager's fees|32,512|30,379|
||32,512|30,899|
## **7 Raising funds**
- 19 -
**THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **8 Charitable activities**
|||**Charitable**|**Charitable**|
|---|---|---|---|
|||**Expenditure**|**Expenditure**|
|||**2022**|**2021**|
|||**£**|**£**|
||Direct costs|933,953|1,019,719|
||Premises and equipment costs|324,809|348,994|
|||1,258,762|1,368,713|
||Grants payable (see note 9)|21,527|18,808|
||Share of support costs (see note 10)|7,920|7,920|
||Share of governance costs (see note 10)|7,920|7,920|
|||1,296,129|1,403,361|
||**Analysis by fund**|||
||Unrestricted funds - general|936,354|1,068,321|
||Unrestricted funds - designated|192,439|167,324|
||Restricted funds|167,336|167,716|
|||1,296,129|1,403,361|
|**9**|**Grants payable**|||
||**Charitable**|Charitable|
|---|---|---|
||**Expenditure**|Expenditure|
||**2022**|2021|
||**£**|£|
|Grants to institutions:|||
|Sunyani Project|2,000|-|
|Deborah Boahemaa|-|2,788|
|Bursary Award|3,000|2,000|
|DEC|2,000|-|
|Various other grants and donations under £1,000|11,444|14,020|
||21,527|18,808|
- 20 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **10 Support costs**
|**2022**
**Support costs**
**Governance**
**costs**
**£**
**£**
Accountancy fee
7,920
-
Audit fees
-
7,920
7,920
7,920
Analysed between
Charitable activities
7,920
7,920|**2021**
**2022 Support costs**
**Governance**
**costs**
**£**
£
£
7,920
7,920
-
7,920
-
7,920
15,840
7,920
7,920
15,840
7,920
7,920|**2021**
£
7,920
7,920|
|---|---|---|
|||15,840|
|||15,840|
## **11 Employees**
The average monthly number of employees during the year was:
|Infirmary
Garden
Priory
Laundry
St Oswald's
Total
Wages and salaries
Social security costs
Pension costs
Redundancy costs|**2022**
**Number**
27
3
11
1
-
42
720,857
45,610
14,746
-
781,213|**2021**
**Number**
26
3
13
2
2|
|---|---|---|
|||46|
|||701,905
40,403
13,265
11,061|
|||766,634|
The sisters comprising the trustees of the charitable company are deemed to be the key management personnel, and no remuneration is received by them.
There were no employees whose annual remuneration was £60,000 or more.
- **12 Net gains/(losses) on investments**
Revaluation of investments
|**Unrestricted**|Unrestricted|
|---|---|
|**funds**|funds|
|**general**|general|
|**2022**|2021|
|**£**|£|
|(622,362)|860,392|
- 21 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **13 Tangible fixed assets**
|**Cost**
At 1 July 2021
Additions
Disposals
At 30 June 2022
**Depreciation**
At 1 July 2021
Depreciation charged in the year
Eliminated in respect of disposals
At 30 June 2022
**Carrying amount**
At 30 June 2022
At 30 June 2021|**Freehold**
**property**
**Fixtures,**
**fittings and**
**equipment**
**Motor vehicles**
**£**
**£**
**£**
6,006,967
374,420
79,560
6,337
57,862
13,300
(10,815)
(49,611)
(16,520)
6,002,489
382,671
76,340
499,282
342,841
70,126
128,580
23,463
9,205
(2,055)
(49,611)
(16,520)
625,807
316,693
62,811
5,376,682
65,978
13,529
5,507,685
31,579
9,434|**Total**
**£**
6,460,947
77,499
(76,946)
6,461,500
912,249
161,248
(68,186)
1,005,311
5,456,189
5,548,698|
|---|---|---|
Freehold property acquired by the company before 1996 was revalued at 31 August 1996. Values of £2,186,960 are attributable to property and land professionally valued by Carter Jonas on 1 November 1996 with £190,000 assessed by the trustees. Additions to Freehold property since 1996 are included at cost less depreciation where appropriate.
Two leases are registered by York Potash Ltd for mines and minerals which are lying below a depth of 800m from the surface of land held at St. Hildas Priory, Whitby and St Oswalds, Sleights, Whitby.
The lease terms are 70 years from 29 September 2016 until and including 28 September 2086.
## **14 Fixed asset investments**
||**Investments**|
|---|---|
||**£**|
|**Valuation**||
|At 1 July 2021|5,239,767|
|Additions|589,374|
|Movement in cash accounts|32,659|
|Unrealised/realised gain/(loss)|(622,630)|
|Disposal proceeds|(708,966)|
|At 30 June 2022|4,530,204|
|**Carrying amount**||
|At 30 June 2022|4,530,204|
|At 30 June 2021|5,239,767|
The carrying amount of £4,530,204 (2021: £5,239,767) includes £4,445,165 of listed investments (2021: £5,187,386) and £85,039 of cash (2021: £52,381).
- 22 -
**THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **15 Debtors**
|**Debtors**|||
|---|---|---|
|**Amounts falling due within one year:**
Other debtors
Prepayments|**2022**
**£**
7,973
3,665
11,638|**2021**
**£**
6,806
9,423|
|||16,229|
## **16 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Trade creditors
Taxation and social security
Accruals|**2022**
**£**
28,388
12,542
41,775
82,705|**2021**
**£**
20,884
11,035
26,790|
|||58,709|
## **17 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|**Balance at**
**1 July 2021**
**£**
Ghana fund
7,184
Development fund
2
NYCC allowance fund
-
Shelagh Eckford legacy fund
131,918
Garden fund
3,129
Infection control fund
-
Rapid testing fund
2,326
Adult social care
-
WICS
-
WRRF
-
Chapel flower fund
-
144,559|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**30 June**
**2022**
**£**
**£**
**£**
**£**
5,408
(2,220)
-
10,372
-
-
(2)
-
130,085
(130,085)
-
-
379
(3,266)
-
129,031
-
(512)
-
2,617
2,124
(2,124)
-
-
2,162
(2,162)
-
2,326
5,881
(5,881)
-
-
12,750
(12,750)
-
-
10,000
(8,336)
-
1,664
265
-
-
265
169,054
(167,336)
(2)
146,275|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**30 June**
**2022**
**£**
**£**
**£**
**£**
5,408
(2,220)
-
10,372
-
-
(2)
-
130,085
(130,085)
-
-
379
(3,266)
-
129,031
-
(512)
-
2,617
2,124
(2,124)
-
-
2,162
(2,162)
-
2,326
5,881
(5,881)
-
-
12,750
(12,750)
-
-
10,000
(8,336)
-
1,664
265
-
-
265
169,054
(167,336)
(2)
146,275|
|---|---|---|
|||146,275|
- 23 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **17 Restricted funds**
## **(Continued)**
|**Balance at**
**1 July 2020**
**£**
Ghana fund
4,904
Development fund
-
NYCC allowance fund
-
Shelagh Eckford legacy fund
153,970
Garden fund
3,129
Infection control fund
-
Rapid testing fund
-
162,003|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**30 June**
**2021**
**£**
**£**
**£**
**£**
3,398
(1,118)
-
7,184
2
-
-
2
137,851
(137,851)
-
-
274
(4,818)
(17,508)
131,918
-
-
-
3,129
17,008
(21,090)
4,082
-
5,165
(2,839)
-
2,326
163,698
(167,716)
(13,426)
144,559|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**30 June**
**2021**
**£**
**£**
**£**
**£**
3,398
(1,118)
-
7,184
2
-
-
2
137,851
(137,851)
-
-
274
(4,818)
(17,508)
131,918
-
-
-
3,129
17,008
(21,090)
4,082
-
5,165
(2,839)
-
2,326
163,698
(167,716)
(13,426)
144,559|
|---|---|---|
|||144,559|
## **Ghana Fund**
The Ghana fund has been set up for work in Ghana.
## **Development Fund**
The Development fund represents donations received specifically used to develop the future property needs of the Order.
## **NYCC Allowance Fund**
The NYCC allowance fund represents the funds received from the council to assist the care of sisters in the infirmary. The cost of caring for the sisters is far greater but this represents the allowance received towards it.
## **Shelagh Eckford Legacy Fund**
The Shelagh Eckford Legacy Fund is a legacy received to be spent on projects relating to Africa.
## **Garden Fund**
Garden fund is money given specifically to be used towards the garden.
## **Infection Control Fund**
The infection control fund is to support adult care providers to reduce the rate of Covid-19 transmission in care homes.
## **Raid Testing Fund**
The rapid testing fund is to support increased lateral flow device testing of staff in care homes.
## **Adult Social Care Fund**
A local government grant to help with costs associated with infection control, vaccinations and testing.
## **WICS Fund (Workforce Integrated Care System Funding)**
A local government grant to provide an additional payment of £375 to employees working within the care home sector.
## **WRRF Fund (Workforce Development Recruitment & Retention Fund)**
A local government grant of £10,000 for providers with between 20 to 49 staff to assist with costs relating to overtime and pay increase costs, recruitment support, agency staff wage variance and staff wellbeing packages.
## **Chapel Flower Fund**
The chapel flower fund is for money donated specifically to be spent on chapel flowers.
- 24 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **18 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|**Balance at**
**1 July 2021**
**£**
Fixed assets fund
5,441,588
Summerhouse fund
-
Ghana Project fund
153
Jachie Project fund
40,216
Sunyani Project fund
83,787
Bursary Award
15,661
Development fund
2,266
Sr Helena's fund
24,626
Garden fund
2,808
Organ fund
25,000
5,636,105
**Balance at**
**1 July 2020**
**£**
Fixed assets fund
5,276,603
Summerhouse fund
-
Ghana Project fund
153
Jachie Project fund
50,299
Sunyani Project fund
78,530
Bursary Award
16,449
Development fund
-
Sr Helena's fund
24,626
Garden fund
2,734
Organ fund
25,000
5,474,394|**Movement in funds**
**Income**
**Expenditure**
**£**
**£**
(8,360)
(160,044)
2,587
(346)
-
-
2,817
(11,757)
10,406
(13,253)
-
(7,039)
1,186
-
-
-
656
-
-
-
9,292
(192,439)
**Movement in funds**
**Income**
**Expenditure**
**£**
**£**
-
(147,507)
-
-
-
-
1,641
(11,724)
10,562
(5,305)
-
(2,788)
2,266
-
-
-
74
-
-
-
14,543
(167,324)|**Transfers**
**Balance at**
**30 June**
**2022**
**£**
**£**
66,678
5,339,862
1,844
4,085
-
153
-
31,276
-
80,940
6,000
14,622
-
3,452
(24,626)
-
-
3,464
-
25,000
49,896
5,502,854
**Transfers**
**Balance at**
**30 June**
**2021**
**£**
**£**
312,492
5,441,588
-
-
-
153
-
40,216
-
83,787
2,000
15,661
-
2,266
-
24,626
-
2,808
-
25,000
314,492
5,636,105|**Transfers**
**Balance at**
**30 June**
**2022**
**£**
**£**
66,678
5,339,862
1,844
4,085
-
153
-
31,276
-
80,940
6,000
14,622
-
3,452
(24,626)
-
-
3,464
-
25,000
49,896
5,502,854
**Transfers**
**Balance at**
**30 June**
**2021**
**£**
**£**
312,492
5,441,588
-
-
-
153
-
40,216
-
83,787
2,000
15,661
-
2,266
-
24,626
-
2,808
-
25,000
314,492
5,636,105|
|---|---|---|---|
||||5,636,105|
- 25 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **18 Designated funds**
**(Continued)**
## **Fixed Assets Fund**
In order to fulfil the charitable objectives the Order needs a large number of properties and other fixed assets. These assets although unrestricted cannot be realised without undermining the Order's work and the trustees therefore feel it is appropriate to reflect the investment in fixed assets by means of a designated fund.
## **Summerhouse Fund**
The Summerhouse fund represents money received for the purchase of a summerhouse.
## **Southern Africa, Ghana, Jachie and Sunyani**
These have been set up to be used for projects in Southern Africa, Ghana, Jachie and Sunyani.
## **Bursary Award Fund**
The Bursary award fund is for the provision of grants, loans or other forms of financial assistance to advance education, training and personal development in accordance with the principles of the Christian religion to needy persons primarily between the ages of 16 and 25 who live, study and work in the area of the Deanery of Whitby.
## **Development Fund**
This fund is for the future property needs of the Order in the furtherance of its charitable objects.
## **Sr Helena Fund**
This fund is for the future training needs of Sr Helena.
## **Garden Fund**
This fund represents designated money to be used towards the garden.
## **Organ Fund**
The Organ fund represents money earmarked for the purchase of an organ.
- 26 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
|**19**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 30 June 2022 are represented by:
Tangible assets
-
5,456,189
Investments
4,530,204
-
Current assets/(liabilities)
(3,527)
46,665
4,526,677
5,502,854
**Unrestricted**
**funds**
**Designated**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 30 June 2021 are represented by:
Tangible assets
-
5,548,698
Investments
5,239,767
-
Current assets/(liabilities)
391,453
87,407
5,631,220
5,636,105|**Restricted**
**funds**
**2022**
**£**
-
-
146,275
146,275
**Restricted**
**funds**
**2021**
**£**
-
-
144,559
144,559|**Total**
**2022**
**£**
5,456,189
4,530,204
189,413|
|---|---|---|
|||10,175,806|
|||**Total**
**2021**
**£**
5,548,698
5,239,767
623,419|
|||11,411,884|
|**20**
**Revaluation reserve**
At 1 July 2021
Disposal of investments|**2022**
**£**
-
-
-|**2021**
**£**
162,702
162,702|
|---|---|---|
|||-|
## **21 Operating lease commitments**
At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2022**
**£**
6,468
4,648
11,116|**2021**
**£**
6,468
11,116|
|---|---|---|
|||17,584|
At the reporting date the charitable company had committed to a health & safety/compliance contract. The total due after the reporting date was £54,207 with £8,031 falling due within one year.
- 27 -
## **THE CHAPTER OF THE ORDER OF THE HOLY PARACLETE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **22 Related party transactions**
The trustees of the charitable company are also members of the Chapter and as such have taken vows of poverty under which they have renounced all personal rights to income and capital. The company provides for the essential needs of all members of the Chapter. The living costs of the seven trustees who served during the year are therefore borne by the company.
All transactions involving organisations in which a trustee has an interest are conducted at arm’s length and in accordance with the charity’s normal financial procedures.
The charitable work at St Oswald's was taken on by St Oswald's Community (a newly registered CIO) from October 2020 with a tenancy at will in place between the charity and the CIO. Sister J M Carter is also a trustee of St Oswald's Community. During the year some costs were paid for by the Chapter and reimbursed from St Oswald's Community. The balance due to the Chapter at 30 June 2022 was £157 (2021: £1,506).
The lease is still being negotiated with St Oswald's Community.
|**23**
**Cash generated from operations**
**2022**
**£**
(Deficit)/surpus for the year
(1,236,078)
Adjustments for:
Investment income recognised in statement of financial activities
(136,915)
Loss on disposal of tangible fixed assets
8,360
Fair value gains and losses on investments
622,362
Depreciation of tangible fixed assets
161,248
Movements in working capital:
Decrease in debtors
4,591
Increase/(decrease) in creditors
23,996
**Cash absorbed by operations**
(552,436)|**2021**
**£**
27,819
(174,509)
1,547
(860,392)
148,647
84,339
(102,419)
(874,968)|
|---|---|
- 28 -