FOUNDATION OF ST. BENEDICT OF NURSIA TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 REGISTERED CHARITY No. 1077627 FOUNDATION OF ST. BENEDICT OF NURSIA TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 CONTENTS P•go REPORT OF THE TRUSTEES REPORT OF THE INDEPENDENT EXAMINER STATEMENT OF FINANCIAL ACTIVITIES &4L4NCE SHEET NOTES TO THE FINANCIAL STATEMENTS FOUNDATION OF ST. BEMEDICT OF NURSIA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 The Trustees ar8 pleased to present their annual InJstee8' report tC4J8th8r ￿th tho finoncial statements of the charity for the year ended 30 June 2021. R•far•nco and Administratlon D•ts5 Full name.. Foundation of St. Benedict of Nursia (The Charity) Registered Chadty number.. 1077627 Principal addrès8: 80B Pitmans LLP One Bartholomew Close London EC1A 78L Trustees.. Mr X J de18 Rochefoucauld {Ch8lrtTrgn) MrSPWg11 Mr S de18 Rochefoucauld Mr A C C de la Rochefoucauld Officer. Ms. P Byatt Is8cretsry to the trust888} Sollcilor5.' Chades Russell Spèechly8, 5 Fle•t Place. London, EC4M 7RD Independent Ex8mlner'. Julla Strike TEP 8DB Pilmans LLP One Bartholomgw Clos8 London EC1A 78L Structur? GowmarK• •nLI Manag8mgnt Gov•rnln9 docum•nt Deed dated 30 June 1999 85t8t￿lShed the Charity. Trusl8es are appointed by resolution of the Trustees In accordance wkh the terms of th8 30 June 1999 deed. There should be a minlmum of 3 Iruslees. It would be th8 responsibility of the senior Irusle8 lo Induct any trustee and explain their responsibilities and duties, whilst prowding coples of the Charity instrument. past accounts and guidance bwklets provided by the Charity Commission. No special skllls are required ag the Ch8rfty does not dellver Sgrvices. ObJectiv85 and Actlvltle• The Charty was established as a charity in 1999 with the Specific charltsble object of the advonc8ment of the Roman Cathollc faith throughout the world, including in particular. the promotion of th8 Benedicting Order and has applled the Charity Fund and the In￿Me derived trom it accordingty. FOUNDATION OF 8T. BENEDICT OF NURSIA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 Objecti￿4 #nd *xtivities l¢ontlnu•dl Al a meeting held on 4 Jun8 2004, the Trustees resolved lo eslabllsh a restricted fund within the Charity with the relevant moneys only being used to support the maintenance and improvement of the monastery al Palendriai in Lilhuania. In general term8, th8 Trustees continue lo consider the position at Ih8ir half yearty meetings and donations are made as they deem appropriate. The Charity is invested wlth a view lo the Charity being able to continue ils grant making activitiès for the future. Rathbon&s have been appointed as investmonl advisors to the Trustees. The Charity conllnued its mission throughout the year bul did not make any donations. 11 was considerlng the recSpienls and also managing a transfer of adminlstralors. Donalbns In 2020 tolalled £75.434.16. The Funds recelved from The St Bene(Ilcl of Nursla Foundatbn (USA) ar& hold under th• $td¢t terms of Tho Exp8nditure Responsibilty Grant Agreements IERGA'SI. The Trustees have crealed a separate 'Conlingencl Fund and transferred £468.947 in 2019 to allow ease of reporting on thelr us8 and lo ¢n$urg funds ar• ulllls8d In accordance with the agreements. Any future reGelpls from them will be added to thls fund whlch as al 30 June 2021 had a value of £733,754. Grant M•klng Pollcy The Iruslees made grants to Benedlcllne inslltulions to further enable them to promote the Calholk faith and 5UPPOrt the Benedlclin8 Order. No grants wer8 made in the yoar. Rl•k M•nag•m•nt rhe Tru$le8s have consider8d the maln areas of risk and are of the oplnlon that the Charlty has th6 r&sourc8s and syslams that, under normal conditions, will allow these iisks lo be mltigaled to an acceptable level in ils daY-t￿daY operations. Flnanclal Re¥l•w #nd R•8•mg Poll¢y The Trustees do not seek lo ralse money from the general publi¢ sinc8 fundlng is oblalned from pr￿al& donations. Ralhbones have been appolnted to manage Ihe accounts and these are split as to Discretionary Fund, managed under a discretionary 89reement wlth Rathbones, a Conllngency Fund conlainlng the funds received under the ERGA'S mentioned above and managed by Ratht)on8s under a discretionary mandate and fin811y 8 non-discrelion8ry Portfollo managed ty Ralhbones on 8xeculion only basis. The Trustees aim lo transfer all of the funds to Discretionary management wllh Rathbones, when market condltlons are right. The fund 18 made up of cash and investments. The trustees revlew their Investments and investment wllcy at ea¢h meeting. The Charity Deed confers on the Trustees very wide powers of investment. The Charity Fund was held in cash and investments Islerling. euros. Australian dollars, Swiss Francs and US dollars). One donation was received in the year12020 one donation), as detsiled in note 2 on page 10 of these accounts wlth further details of these funds and how they are held given above in 'Objeclives and Aclivilies,. InGome arising during the year in total amounted lo £200,68212020'. £175,275). The Trustees normalty aim to spend the income arising in any one year with any surplus being carried fO￿ard lo the next year. FOUNDATION OF ST. BENEDICT OF NURSIA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 Fln•nclal Rovl•w and Rgtyèrvas Pollcy (continued) Costs of management and admlnlstrallon of the Charity amounted lo £27.375, (2020.. £31,405). These c051s include the legal fee5 of BDB Pitmans LLP who carried out the administraliorb of the fund in part and also Charles Russell Speechlys who took on the administalion in the year. The Trustees continu8 lo have Independent examlnatlon costs. Publle B•n•flt The Trustees have referred to the guidance contained in the Charity Commission's general guidance on publlc benetit, and in partlcular the guldan¢e on charities for tha advancemènt of religion, when reviewing the Charltvs aims and obleclives and in planning futur8 aclivlties and d8ciding on the grants for the year. The Objectives and Aclivlties section of the r8POrt provldes a brlef summary of a¢tlvltles und8rtak¢n. R••ponsibilitles of tho Trustees Law appllcable to charilies In England & Wales r8quires the Trusl68s lo prepare fln8nclal 818tem8nl$ for each financial year whlch give a true and falr v18w of the ¢hariWs financial acllvi118s during th8 year and of its linancial pos11ion al the end of the year. In preparing financial statements giving a true and falr view. the Trustees should follow bgsl practica and.. select 8ultabl8 8ccounting pollcl8s and then apply them consl$t8nlly; make judgements and 851Smales that are reasonable 8nd prudent., slate whether applkable accounting standards and statements of recommended practice havo been followed, sublecl to any departures di8ckJsed and explained in the financial stal8ments and., prepa￿ the flnancial 5ts18m8nls on the going concern basi5 unless 11 is inapproprfate lo presume that tho ¢h8rkty will continue operallon. The Trustees are re8pon$lble for keeplng accounting records v4hich dlsclose wlth Teasonable accuracy the flnancial posrtion of the charity and whlch enable them to ensure that the financial statements ¢ornpty with applicabl& law and regulations. They 8re also responsible for safeguardlng th& assets of the charity and hence lor taking reasonable slaps for Ihe prevention and deleclion of fraud 8nd other iThegularltles. Signed on behalf of th• trustees: •è¥nJ 13LA3 D6 Ltrlbw6fboofrLI LO Dato: ILiiIIUL4 FOUNDATION OF ST. BENEDICT OF NURSJA REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES IN RESPECT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 l ￿port to the trustees on my examination of the ￿OUnts of the Foundats"onof St Benedict of Nursia for the year ended 30 June 2021 whth are set out on pages 5 to 11. Responsibilities and basis of rewt As the charity trustees of the Trust you are responsible for the prepara￿n of the accounts in accordance wrth the requ1￿Ments of the Charities Act 2011 (Ihe Acf). I report in respeci of my examination of the Trusys accounts (2￿led out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5) (b) of the Act Independent examinerfs sLitement I have completed my examination. I confirm that no material matters have come to my attention in connection wrth the examination giving me cause to believe that in any material respect.. counting records were not kept in respect of the Trust as required by section 130 of the Act or the accounts do not accord with those r￿OrdS. or the accounts do not compty with the applic2ble requirements conceming the foTm and content of the accounts set out in the Charibes (Accounts and Reports) Regulations 2008 other than any requ1￿Ment that the acc£•unts give a Irue and fai￿ view which is nol a matter considered as part of an indetendent examinabon. I have no concems and have come across no other matters in connection wtth the examination to which atten n should be dravm in this report in order to enable a proper understanding of the accounts to be Julia Strike TEP BDB Pitmans LLP One Bartholomew Close London EC1A 7BL Page 4 FOUNDATION OF ST. BENEDICT OF NURSIA STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 JUNE 2021 Unrestrict•d hlaln Fund Unr•strlcted Palondria Fund Rostrfrtod ContlngÈn¢y Fund Totsl Tolal 2021 2020 Not08 INCOME AND EXPENDITURE In¢omo and Endowmènts from Donations received 129.873.79 129,873.79 123,779 Invastm8nt Income 62,274.53 7,777.80 756.29 70,808.62 51,496 Tot•1 Incomlng 82.274.53 7.777.80 130,630.08 200.182.41 175,275 EXPENDITURE ON Fundraising c08ts 27.135.88 4,282.62 4.028.92 35.427.42 33.958 Charflabl• ActSvltl•• Gr8nts Support LwI$ 110,737.481 25,235.67 110,737.481 27,375.67 75,434 31,405 2,140.00 Totsl Exp•ndttur• 41,634.07 6,402.62 4,028.92 52,065.61 140,797 NET INCOMEEXPENDITURE 20,840.46 1,375.18 128,601.18 148,616.79 34,478 Oth•r r￿oun1•0d g•ln•llo•••* Exchango r81& Ilossesllgains Investm8nt11088esy g8lns (126,701.471 98,588.101 119,7WJ.891 117.093.661 12,066.451 126,620.99) 1148,SS8.811 (142,302.751 33,223 361,225 N•t M9￿m•nt In Fund• 12Q4,649,111 135,509.371 97,913.71 {142,244.77) 428.926 R•￿nCIlIatIon of Fund* Fund Balances brought fomrd 4,682,197.37 758.111.81 635,840.81 8.056.149.99 5,627.224 TOTAL FUNDS CARRIEO FORWARD AT 30 JUNE 2021 £ 4.457,548.26 £ 722,602.44 £ 733,754.S2 £ 5.913.905.22 £ 6,056,150 Th8 Th)t8s on pages 7 to 10 fom p8rt rf the financial Slatemants. Page 5 FOUNDATION OF ST. BENEDICT OF NURSIA BALANCE SHEET AS AT 30 JUNE 2021 Unr•strlct•d Main Fund Unr•$trfct•d Palondrlal Fund Rostrlct•d Contlng•ncy Fund Total 2021 Totsl 2020 Notes Flxed A￿01• Inve8lmenls 3.112.233. 518.675.00 714.819.00 4.345,727.00 4.748,061 Current A•••t• 10 1,374.526.01 208.369.35 18.935.52 1,601,830.88 1,346,144 4,486.759.01 727.044.35 733.754.52 5,947,557.88 6,094,205 Lem.. Cr•dltor• Amounts filllng due wlihln on• y￿r Accru81 29.210.75 29,210.75 4.441.91 4.441.91 33.852.66 33.852.66 38.055 38.055 Tot•1 N•t A•Mt• É 4,457.$48.26 È 722,602.44 £ 733,754.52 £ 5,913,905.22 £ 6,056.150 R•prnMnt•d ty. Unr881rfcted Main Fund Unr8slricted Palendriai Fund Restricted ContitYJency Fund 4.457,548.26 4,457,548.26 722,602.44 733.754.52 4,662,197 758,112 635,841 722,802.44 733,754.52 Total Fundi £ 4,457,548.28 £ 722.602.44 E 733,754.52 É 5,913,905.22 £ 6,056,150 The note8 on pages 7 10 10 form pArt of the finandal stolements. Approv•d and •lgn•d on b•half ol th• tru•t•M ty. .3fv1Su3S..D6 Date:...11(l(.IW Page 6 FOUNDATION OF ST. BENEDICT OF NURSIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1. Accounting Pollcles Basls of accounting Th8 financial slatem8nts hav8 been prepared under the histr)rical cost conv8nllon. with the exGeptK)n that Inve5tm&nls are shown al market Value as al the balance sh881 dale and are in accordance with the Sialement of Recommend8d Practice.. Accounting and Reporting by Charities preparing their accounts in accordarKe with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Ch8ri118s Act 2011. The Charity constitul8s 8 public benefit entlly as defined by FRS 102. Having assessed the Charltys financial position and plans for th8 forseeable future, the Trustees are satssfied that il remains appropriate lo prepare the flnancial statements on a going concern basis. Where necessary estimates and judgements are based on historical experlence and other factor8. Golng Conc•rn These financial statements 8r8 prepared on the golng concern bas15. Th8 Trustees hav8 reasonable expectation that the Charity wlll continue in operallonal existence for the foreseeable future and have consldered the ongoing Impact of COVID-19 on Ils operations. Incomlng Resources Volunl8ry Sncom8 and Inv8Stmenl income are a¢￿Unted on a recelvable basi8. Re¥ourco8 Exp8nded Expenditure is account8d for on an accruals basls. Donallons are recc*ded when the trustees have made the de¢l$lon to pay them, unless the donatlons are 8ublect lo condlllons belng fuNSlled. All administrallon costs are now Gharllable expenditure. Fund N%¢ountlng Unr8strIGled funds are those which are used for the general advancement of the Charlvs oble¢llves. Expondable endowments are Capllal funds which may b& spent al the trustees, discretion. The Conllngency Fund 1$ hekl for dislribulion by the Trustees under the terms of various ERGA'S. Forelgn Curroncl•s Transactions denominated in foralgn currencies are now converted into slerllng using the average exchange rale for the perlod covered by these accounts. 8818nces held al the year end are converted into sterling al the rale on that day. If currencSes are exchanged. the actual values. as converted, are used. In view of Ihe fluctuations over the year covered by the accounts exchange r8te adju8trn8nts were made lo the year end currenGy a￿OUnt balances to make them agrge with thelr sleding equivalent. 2. Donatlons recelved Unrestrl¢tod Unrestrfctgd Maln Palendrlal Fund Fund Restrlcted Contingoncy Fund Totsl 2021 Total 2020 St. Benedict of Nursia Foundation {USAI 129,873.79 129,873.79 123,779 £ 129.873.79 £ 129,873.79 £ 123,779 Page 7 FOUNDATION OF ST. BENEDICT OF NURSIA NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 30 JUNE 2021 3. Invgslmont Income Unrestricted Unrestricted Restrlcted Main Palendrlai Contingency Fund Fund Fund Total 2021 Total 2020 Rathbones Inveslmant Mana98ment Inl&resl 62.274.53 7.777.80 756.29 70,808.62 50,445 1,051 £ 62,274.53 £ 7,777.80 £ 756.29 £ 70,808.62 £ 51.496 4. Fundralslng COSt• Unrnatrlcled Unrestrlcted Re8trlclad Maln PalgndrSal Contlng•ncy Fund Fund Fund Total 2021 Totsl 2020 Ralhbonas Inv88tmenl Mgnggem8nt 27.135.88 4,262.62 4,028.92 35,427.42 33.958 £ 27,135.88 £ 4,262.62 £4,028.92 £ 35,427.42 £ 33,958 5. Ch•rltabl• Exp•ndStur• Unrestrlctsd Unr•8trlcted R•strfctod Maln Palendrlal Contlngancy Fund Fund Fund Total 2021 Total 2020 Cam6lltes in Kerala Church ol Our Lady {H8lp of Chrf8tlan81 Quarr Abbey Fri8nds ol Solesmès Aid lo the Church In Need Our Lady ol WalslrrfJham Grand Semin81re De Boma 8.774 10,000 10,000 23,112 8,774 3,000 8,774 Gr•nts- wrltt•n back.. Ald to the Church In Need Church in SyTla 14,473.951 16.263.53) 14,473.951 16.263.53) 10.737.48 10,737.48 6. Support Costs Unrestricted Unrestrfcted Restrlcted Maln Palgndrial Contlnggncy Fund Fund Fund Totsl 2021 Totsl 2020 BDB Pitmans LLP- Accountancy and administration f888 Indapendent Exarninatbn fee CRS LLP- Administration faè Bank ch8rggs 16.970.00 750.00 7,374.00 141.67 1.990.00 150.00 18,960.00 900.00 7.374.00 141.67 29.924 1,200 281 £ 25,235.67 £ 2,140.00 £ £ 27.375.67 £ 31,405 Page 8 **FOUNDATION OF ST. BENEDICT OF NURSIA** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **7. Trustees' Remuneration and Expenses** No remuneration was paid during the year (2020: Nil). No expenses were paid to the Trustees during the year (2020: Nil). ## **8. Transactions with Related Parties** During the year £18,960 (2020: £29,924) was paid to BDB Pitmans LLP for administration and accountancy fees, of which Simon Weil (Trustee) was a partner of the firm for part of the accounting year. In addition, during the year £7,374 (2020: £0) was paid to Charles Russell Speechlys, of which Simon Weil (Trustee) was a partner of the firm for part of the accounting year. |**9. **|**Investments**||**Balance**||||||**Net**|**Balance**| |---|---|---|---|---|---|---|---|---|---|---| ||||**1 July**||**Purchases**||||**Gains/**|**30 June**| ||||**2020**||**at cost**||**Disposals**||**(Losses)**|**2021**| ||||**£**||**£**||**£**||**£**|£| ||Main Fund||3,594,892.00||553,792.37||937,863.27||(98,588.10)|3,112,233| ||Palendriai Fund||538,353.00||114,245.50||116,829.84||(17,093.66)|518,675| ||Contingency Fund||614,816.00||126,623.99||-||(26,620.99)|714,819| |||**£**|**4,748,061.00**
|**£**|**794,661.86**
|**£**|**1,054,693.11**
|**£**|**(142,302.75)**
|4,345,727| ||All UK and Foreign|Quoted Securities|||Historic cost|as at 30 June 2021||||3,992,189| ||||||||Realised Gains||(9,177.89)|| |||||||Unrealised Gains|||(133,124.86)|| Although there were disruptions caused by the Covid 19 pandemic, which resulted in economic uncertainty, the value of investments have continued to recover since the low in March 2020. The Charity is invested for the long term and are well placed as long term investors to manage the short term fluctuations which have happened as a result of the Covid crisis. |**10. Cash**
**Unrestricted**
**Main**
**Fund**
**£**
BDB Pitmans LLP
-
Metro bank
2,172.56
Rathbones capital
- Sterling accounts
-
- Euro Accounts
562,777.64
- US$ Accounts
695,948.08
- CHF Accounts
37,637.75
Rathbones income
- Sterling accounts
27,678.35
- AUS$ Accounts
2,008.37
- Euro Accounts
9,676.07
- US$ Accounts
30,857.50
- CHF Accounts
5,769.69
**1,374,526.01**
**£**|**Unrestricted**
**Palendriai**
**Fund**
**£**
-
-
-
73,870.79
99,433.46
165.81
5,829.76
820.24
12,509.01
10,288.93
5,451.35|**Restricted**
**Contingency**
**Fund**
**£**
-
-
-
-
17,098.25
-
-
-
-
1,837.27
-
**18,935.52**
**£**|**Total**
**2021**
**£**
-
2,172.56
-
636,648.43
812,479.79
37,803.56
33,508.11
2,828.61
22,185.08
42,983.70
11,221.04
**1,601,830.88**
**£**|Total
2020
£
367
11,416
3,488
154,017
909,349
220,698
5,296
720
13,301
18,820
8,672| |---|---|---|---|---| ||**208,369.35**
**£**|||1,346,144
£| Page 9 FOUNDATION OF ST. BENEDICT OF NURSIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 11. Cr•d•torn Unr•$trl¢ted Main Fund Unr•strict¢d Palondrlai Fund Rostricted Contingen¢y Fund Total 2021 Total 2020 CRS LLP BDB Pilmans LLP Indep8ndanl examination fees Grants payable al year 8nd Due to Found81ion of Our Lady of Good Help 7.374.¢XI 7.940.C(I 750.(KI 11.741.56 7,374.00 8,940.00 900.00 11,741.56 1,000,Q) 150.¢]0 31.114 1,405.19 3,291.91 4.697.10 4,697 29,210.75 £ 4.441.91 26.278.66 38,055 12. knaly¥l• of N•t A880ts Botw••n Fund• Fund balanc88 at 30 Jun8 20218r8 repre8enled by.. Unr••trl¢t•d Main Fund Unf••trl¢t•d P•l•ndrial Fund R••trlctsd Contingqn¢y Fund Total 2021 Total 2020 Inve8tmenl8 Cumnl Ass8ts Creditors 3,112,233.CQ 1,374,526.01 29,210.75 518,675.CQ 208,369.35 4.441.91 714,819.00 18,935.52 4.345,726.99 1,e01,830.88 33,652.66 4.748,061 1,346,144 38.055 Total Ngt AsBots £ 4.457,548.28 £ 722,602.43 £ 733.754.52 £ 5,913.905.21 £ 6.056,150 Fund balances at 30 Jung 2020 are representgd by.. Unrnstrlct•d Main Fund Unrnstricted Pal•ndri•i Fund R•$trictgd Contlng•ncy Fund Totsl 2020 Total 2019 Investments Current A8set8 Creditor8 3,594,891.99 1,100,874.50 33,569.12 538,352.99 224,244.73 4,485.91 614.816.C(J 21,024.81 4.748.060.98 1.346.144.04 38.055.03 3,091,959 2,595,509 60,244 Total Not Assets É 4.662,197.37 £ 758.111.81 £ 635,840.81 £ 6.056,149.99 £ 5,827,224 P8g8 10 **FOUNDATION OF ST. BENEDICT OF NURSIA** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **7. Trustees' Remuneration and Expenses** No remuneration was paid during the year (2020: Nil). No expenses were paid to the Trustees during the year (2020: Nil). ## **8. Transactions with Related Parties** During the year £18,960 (2020: £29,924) was paid to BDB Pitmans LLP for administration and accountancy fees, of which Simon Weil (Trustee) was a partner of the firm for part of the accounting year. In addition, during the year £7,374 (2020: £0) was paid to Charles Russell Speechlys, of which Simon Weil (Trustee) was a partner of the firm for part of the accounting year. |**9. **|**Investments**||**Balance**||||||**Net**|**Balance**| |---|---|---|---|---|---|---|---|---|---|---| ||||**1 July**||**Purchases**||||**Gains/**|**30 June**| ||||**2020**||**at cost**||**Disposals**||**(Losses)**|**2021**| ||||**£**||**£**||**£**||**£**|£| ||Main Fund||3,594,892.00||553,792.37||937,863.27||(98,588.10)|3,112,233| ||Palendriai Fund||538,353.00||114,245.50||116,829.84||(17,093.66)|518,675| ||Contingency Fund||614,816.00||126,623.99||-||(26,620.99)|714,819| |||**£**|**4,748,061.00**
|**£**|**794,661.86**
|**£**|**1,054,693.11**
|**£**|**(142,302.75)**
|4,345,727| ||All UK and Foreign|Quoted Securities|||Historic cost|as at 30 June 2021||||3,992,189| ||||||||Realised Gains||(9,177.89)|| |||||||Unrealised Gains|||(133,124.86)|| Although there were disruptions caused by the Covid 19 pandemic, which resulted in economic uncertainty, the value of investments have continued to recover since the low in March 2020. The Charity is invested for the long term and are well placed as long term investors to manage the short term fluctuations which have happened as a result of the Covid crisis. |**10. Cash**
**Unrestricted**
**Main**
**Fund**
**£**
BDB Pitmans LLP
-
Metro bank
2,172.56
Rathbones capital
- Sterling accounts
-
- Euro Accounts
562,777.64
- US$ Accounts
695,948.08
- CHF Accounts
37,637.75
Rathbones income
- Sterling accounts
27,678.35
- AUS$ Accounts
2,008.37
- Euro Accounts
9,676.07
- US$ Accounts
30,857.50
- CHF Accounts
5,769.69
**1,374,526.01**
**£**|**Unrestricted**
**Palendriai**
**Fund**
**£**
-
-
-
73,870.79
99,433.46
165.81
5,829.76
820.24
12,509.01
10,288.93
5,451.35|**Restricted**
**Contingency**
**Fund**
**£**
-
-
-
-
17,098.25
-
-
-
-
1,837.27
-
**18,935.52**
**£**|**Total**
**2021**
**£**
-
2,172.56
-
636,648.43
812,479.79
37,803.56
33,508.11
2,828.61
22,185.08
42,983.70
11,221.04
**1,601,830.88**
**£**|Total
2020
£
367
11,416
3,488
154,017
909,349
220,698
5,296
720
13,301
18,820
8,672| |---|---|---|---|---| ||**208,369.35**
**£**|||1,346,144
£| Page 9 FOUNDATION OF ST. 8ENEDICT OF NURSIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 13. Prior year Statement of Finan¢lal Actlvities Unr•strletad Main Fund Unre•trict•d Palendrial Fund Restrict•d Contlngency Fund Total Totol 2020 2019 Notes INCOME ANO EXPENDITURE Inc¢m• •nd Endowment8 from Donatlons received 123,778.6T 123.778.67 Inveglmenl Ino)me 44,097.22 8,669.07 730.20 51,496.48 38.690 Totsl Incomlng 44.097.22 6.669.07 124.508.8T 17S,275.15 38.690 EXPENDITURE ON Fundralsing cosis 26,476,65 4,169,76 3,311.02 33,957.43 32.803 Charltabl• A¢tlvltl•• Grants SupFat cLJsts 7S,434.16 29,923,40 75,434.16 31.405.40 173,005 18.S¥)O 1,482,00 Totsl Exp•ndltu 131,834.21 5,651.76 3,311.02 140,796.99 222,508 MET INCOMEIEXPENDITURE 187,737.001 1,017.31 121.197.85 34.478.16 1183.8181 Olh•r r•cognl¥•d g•ln*lloB••• Exchonge rate gain Inv88lmonl gains 25,927.95 295,086.09 5,239.73 36,785.07 2.055.12 29.354.09 33,222.80 361.225.25 88,323 107,151 M•t Mov•m•nt In Fund• 233,277.04 43,042.11 152.807.06 428,926.21 11.656 R•con¢iliitlon ol Funds Fund Bglances bro￿h1 fon¥grd 4,428.920.33 715.069.70 483,233.75 5.827,223.78 5,815.568 TOTAL FUNDS CARRIED FORWARD AT 30 JUNE 2020 £ 4,662,197.37 £ 758,111.81 £ 635,840.81 £ 0,056,149.99 £ 5,627.224 Page 11