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|Trustees|||All the Trustees are members|All the Trustees are members|All the Trustees are members|ofthe|Institute ofthe Blessed Virgin Mary|
|---|---|---|---|---|---|---|---|
||||Sister Noelle Corscadden|||||
||||Sister Igora Pinto|||||
||||Sister Judith Nekesa|||||
||||Sister Macarena|Fernandez||de Bobadilla Lassaletta||
||||Sister Brenda Eagan|||||
||||Sister Bemadette|Boland||||
||||Sister Pabicia Grant|||||
||||Sister Ita Moynihan|||||
||||Sister Geraldine|McAleer||||
||||Sister Linda Charles|||||
|Company|registered|||||||
|number|||3914049|||||
|Charity regkrtered||||||||
|number|||1080521|||||
|Registered||office|Loreto Province Offices|||||
||||28 Hartley Road|||||
||||Altrin cham|||||
||||England|||||
||||WA 144AY|||||
|Company|secretary||Sister Geraldine|McAleer||||
|Independent||auditor|RBKBusiness Advisers|||||
||||Chartered
Accountants||and Statutory||Audit Firm|
||||Park View House|||||
||||Beech Hill Offtce|Campus||||
||||Beech Hill Road|||||
||||Clonskeagh|||||
||||Dublin 4|||||
|Bankers|||Allied
Irish Bank|||||
||||Business Direct|||||
||||PO Box73306|||||
||||London|||||
||||United Kingdom|||||
||||W5 9PB|||||
||||First Trust Bank|||||
||||8 High Slreet|||||
||||Omagh|||||
||||Co.Tyrone|||||
||||United
Kingdom|||||
||||BT781BH|||||
||||Allied Irish Bank|||||
||||7/12 Dame Street|||||
||||Dublin 2|||||
||||Ireland|||||
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|||REFERENCE AND ADMINISTRATIVE DETAILS (CONTINUED)|REFERENCE AND ADMINISTRATIVE DETAILS (CONTINUED)|REFERENCE AND ADMINISTRATIVE DETAILS (CONTINUED)|
|---|---|---|---|---|
|Solicitors||Stone King|||
|||13Queen Square|||
|||Bath|||
|||United Kingdom|||
|||BA1 2HJ|||
|Investment|Managers|Setsnta Asset Management|||
|||Bemsford Court|||
|||Bares(ord Place|||
|||Dublin 1|||
|||Ireland|||
|Invesbnent|Advisors|Cantor Fitzgerald|Ireland|Limited|
|||75St.Stephen's|Green||
|||Dublin 2|||
|||Ireland|||
|Financial Advisors||L&PTrustee Services Limited|||
|||75St.Stephen's|Green||
|||Dublin 2|||
|||Irehnd|||
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||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
||||Unrestricted
funds|Restricted
funds|development
funds|Total
funds|Total
funds|
|||Note|2020|2020
6|2020|2020e|2019|
|Income and||||||||
|endowments
from:||||||||
|Project contributions|||||6477|6,577|9,435|
|Investment
income|||1$,983||2|19,966|f5,340|
|Other income||||21,719||21,719|51,4'l8|
|Total income|||19,983|21,719|6,579|48,281|77,193|
|Expenditure
on:||||||||
|Charitable
activities|||18&,828|44,780|6,631|237,039|437,088|
|Raising funds|||45,352|||45,352|45,570|
|Total expenditure|||230,980|44,780|6,631|292,391|483,258|
|Net (losses)/gains|on|||||||
|investments|||(267,701)|||(267,701)|2,079,837|
|Net (expenditure)|I|||||||
|income before other||||||||
|recognised
gains
losses|and||(478,898)|(23,061)|(52)|(501,811)|1,573,772|
|Other recognised||||||||
|(losses)/gains||||||||
|Foreign currency||||||||
|gains/(losses)|||887,174||223|887,3$7|(515,218)|
|Net movement
in
funds|||408,476|(23,061)|171|385,586|858,554|
|Reconciliation of||||||||
|funds:||||||||
|Total funds at 1||||||||
|January2020|||15,165,107|28,214|7,241|15,198,562|14,34a,OOS|
|Totalfunds
at 31
December 2020|||16,673,583|3,153|7,412|15,584,148|15,198,552|
##
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|STATENIENT OF CASH FLOWS||||
|---|---|---|---|
|FOR THE YEAR ENDED 31DECEMBER|2020|||
|||2020|2019|
||Note|6||
|Cash flows from operating
activities||||
|Net cash used
in operaling
activities|16|(253,898)|(422,205)|
|Cash flows from investing
actlvtlles||||
|Dividends,
interests and rents from investments||19,986|16,340|
|Proceeds from sale ofinvestments||830,519|172,238|
|Net cash provided
by Investing
activities||850,504|188,578|
|Cash ffows from financing
activities||||
|Net cash provided
by ffnanclng activities||||
|Change
in cash and cash equivalents
in the year||596,SSS|(233,627)|
|Cash and cash equivalents
atthe beginning
ofthe year|17|487,916|721,643|
|Change
in cash and cash equivalents
due to exchange rate movements||'I5,622||
|Cash and cash equivalents
atthe end ofthe year|17|'I,100,144|487,916|
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|||Unrestricted|||
|---|---|---|---|---|
|||development|Total|Total|
|||funds|funds|funds|
|||2020|2020|2019|
||||8|8|
|Kangemi,
Nairobi - Kenya||1,076|1,078|1,137|
|Elliott Rd, Kolkata, India||||100|
|Entally, Kolkats, India||1.050|1,0&0|1,050|
|Sealdah,
Kolkata, India||750|750|750|
|India Projects - South Asia -General||2,000|2,000|1,500|
|Peru Projects - General|||||
|Peru Projects - Jimcamsrcs FeYAlegrea||118|118||
|Irish Project - Rumbek South Sudan||1,285|1,285||
|Community
ofSouthern|Africa —Zambia|300|300||
|Other General Donations||||3,174|
|Total income from project contributions||B,577|6,677|9,435|
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||||||Reslricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2020
8|2020f|2019|
|Mary|Ward|Mission|Fund|income|21,719|21,719|51,418|
|Total|2019||||51,418|51,418||
##
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||||Unrestricted|||
|---|---|---|---|---|---|
||Unrestricted
funds|Restricted
funds|development
funds|Total
funds|Total
funds|
||2020
6|2020
7|2020|2020
6|2019
5|
|Support for international||||||
|provinces (see note 5.1)|181,690|||181,690|355,563|
|Mary Ward Mission Fund||44,780||44,780|68,090|
|Support for the international||||||
|projects (see note 5.2)
Governance
cosh (see note|||6,631|6,631|9,469|
|5.3)|3,938|||3,838||
||185,628|44,780|6,631|237,039|437,088|
|Tofal2019|359,529|68090|9,469|437,088||
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|||2020|2019|
|---|---|---|---|
|||5|5|
|South Asia -Kolkats
South Asia - Bangladesh||18,126
10/10|23,000
157,737|
|South Asia - Nepal
Eastern Africa
Peru
South Africa - Zambia||4,796
82,823
48,105
7,153|9,728
111,817
52,973|
|Administration
Expenses||277|310|
|Total||181,690|355,553|
|All amounts above were in relation to unrestdcted|costs.|||
##
|5.2Support for Interna|tional
projects (Unrestricted
devel|opment
funda)||
|---|---|---|---|
|||2020|2019|
|Kangemi,
Nairobi - Kenya||1,076|1,137|
|Elliott Rd, Kolkata,
India|||100|
|Entally, Kolkata, India
South Asia Projects -General||1,050
2,750|1,050
2,250|
|Peru - General||116||
|Community
ofSouthern|Africa - Zambia|300||
|Other General Donations
Rumbek Soulh Sudan||1,285|3,178
1,724|
|Administration
Expenses||54|30|
|||6,631|9,409|
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||Balance at 1||||Balance at
31|
|---|---|---|---|---|---|
|Unrestricted
funds|January
2020
8|Income
K|Expenditure
6|Gains/
(Losses)|December
2020f|
|Inveslmsnt
Fund|16,165,107|232|(2$0,880)|6S9,224|16,673,583|
|Endowment
funds||||||
|Development
Fund|7,241|5,879|(8,831)|223|7,412|
|Restricted funds||||||
|Mary Ward Mission Fund|26,214|21,719|(44,780)||$,153|
|Total offunds|16,188482|28,530|(282,$81)|639,447|15,584,148|
|Statement offunds -prior year||||||
||Balance at||||Balance et
31|
|Unrestricted
funds|1January
2019f|!ncome|Expenditure
5|Gcdner
(Losses)|December
2019f|
|Investment
fund|14,289,536|15,338|(405,699)|1,264,832|15,155,107|
|Unmstrlcted
funds||||||
|Development
fund|7,436|9,437|(9,469)|(213)|7,241|
|Restricted funds||||||
|Mary Ward Mission Fund|42,886|51,418|(55,090)||26,214|
|Totaloffunds|14,340,008|77,193|(483,258)|1,264,619|15,198,562|
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||||Unrestricted||
|---|---|---|---|---|
||Unrestricted|Restricted|development|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2020|
|||8|8|8|
|Fixed asset investments|14,492,251|||14+92,251|
|Current assets|1.094,530|3,153|7,412|1,105,08S|
|Creditors due within one year|(13,198)|||(13,1S8)|
|Total|15,573,583|3,153|7,412|1S,SS4,148|
##
|Analysis ofnet assets between fund|s -prior period||||
|---|---|---|---|---|
|||Resetcted|Unrestricted||
||Unrestricted|Mary Want|development|Total|
||funds|Mission Fund|funds|funds|
||2019f|2019|2019|2019f|
|Fixed asset investments|14,718,694|||14,718,694|
|Current assets|459,414|26,214|7,240|492,868|
|Creditors due within one year|(13,000)|||(13,000)|
|Total|15,165,108|26,214|7,240|15,198,562|
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