| REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
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|---|---|---|---|---|
| Trustees | All the Trustees are members ofthe Institute ofthe Blessed Virgin Mary | |||
| Sister Noelle Corscadden | ||||
| Sister Igora Pinto | ||||
| Sister Judith Nekesa | ||||
| Sister Macarena Femandez de Bobadilla Lassaletta | ||||
| Sister Brenda Eagan | ||||
| Sister Bemadette Boland | ||||
| Sister Geraldine Mc Aleer |
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| Sister Carmel Swords (appointed | I May 2021) | |||
| Sister Jane Mc Donell (appointed | 1 May 2021) | |||
| Sister Patricia Grant (resigned 30April 2021) | ||||
| Sister Ita Moynihan (resigned 30April 2021) |
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| Sister Linda Charles (resigned 22 November 2021) | ||||
| Company | registered | |||
| number | 3914049 | |||
| Charity registered | ||||
| number | 1080521 | |||
| Registered | office | Loreto Province Offices | ||
| 28 Hartley Road | ||||
| Altrincham | ||||
| England | ||||
| WA 144AY | ||||
| Company | secretary | Sister Geraldine McAleer |
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| Independent | auditor | RBKBusiness Advisers | ||
| Chartered Accountants and Statutory Audit Firm |
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| Parkview House |
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| Beech Hill Office Campus | ||||
| Beech Hill Road | ||||
| Clonskeagh | ||||
| Dublin 4 |
| Bankers | Allied Irish Bank | |||
|---|---|---|---|---|
| Business Direct | ||||
| PO Box73306 | ||||
| London | ||||
| United Kingdom | ||||
| W59PB | ||||
| Allied Irish Bank (Nl) |
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| PO BOX123 | ||||
| 92Ann Street | ||||
| Belfast | ||||
| BT13AY | ||||
| Allied Irish Bank |
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| 7/12 Dame Street | ||||
| Dublin 2 | ||||
| Ireland | ||||
| Solicitors | Stone King | |||
| 13Queen Square | ||||
| Bath | ||||
| United Kingdom | ||||
| BA1 2HJ | ||||
| Investment | Managers | Setanta Asset Management | ||
| Beresford Court | ||||
| Beresford Place | ||||
| Dublin 1 |
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| Ireland | ||||
| Investment | Advisors | Cantor Fitzgerald | Ireland | Limited |
| 23St.Stephen's | Green | |||
| Dublin 2 | ||||
| Ireland | ||||
| Financial | Advisors | L8PTrustee Services Limited | ||
| 23St.Stephen's | Green | |||
| Dublin 2 | ||||
| Ireland |
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Development | Total | Total | |||
| Fund | Fund | Fund | funds | funds | |||
| Note | 2021 | 2021 | 2021 6 |
2021 6 |
2020 f |
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| Income and | |||||||
| endowments from: |
|||||||
| Donations and legacies |
136,959 | 136,959 | |||||
| Project contributions | 37,055 | 37,055 | 6,577 | ||||
| investment income |
27 | 2 | 29 | 19,985 | |||
| Other income | 38,741 | 38,741 | 21,719 | ||||
| Total income | 136,986 | 38,741 | 37,057 | 212,784 | 48,281 | ||
| Expenditure on: |
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| Charitable activities |
142,619 | 5,110 | 13,798 | 161,527 | 237,039 | ||
| Raising funds | 48,572 | 48,572 | 45,352 | ||||
| Total expenditure | 191,191 | 5,110 | 13,798 | 210,099 | 282,391 | ||
| Net gains/(losses) investments |
on | 3,063,060 | 3,063,060 | (267,701) | |||
| Net | |||||||
| income/(expenditure) | |||||||
| before other | |||||||
| recognised gains |
and | ||||||
| losses | 3,008,855 | 33,631 | 23,259 | 3,065,745 | (501,811) | ||
| Other recognised | |||||||
| (losses)lgains | |||||||
| Foreign currency (losses)/gains |
(962,615) | (279) | (962,894) | 887,397 | |||
| Net movement in funds |
2,046,240 | 33,631 | 22,980 | 2,102,851 | 385,586 | ||
| Reconciliation of |
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| funds: | |||||||
| Total funds at 1 January 2021 |
15 | 15,573,583 | 3,153 | '7,412 | 15,584,148 | 15,198,562 | |
| Total funds at 31 December 2021 |
15 | 17,619,823 | 36,784 | 30,392' | 17,686,999 | 15,584,148 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| Development | Total | Total | |||
| Fund | funds | funds | |||
| 2021 9 |
2021 | 2020f | |||
| Eastern Africa Projects - General | 710 | 710 | |||
| Kangemi, Nairobi - Kenya |
1,071 | 1,071 | 1,076 | ||
| Entally, Kolkata, India | 1,050 | 1,050 | 1,050 | ||
| Sealdah, Kolkata, India | 750 | 750 | 750 | ||
| India Projects - South Asia - General | 2,474 | 2,474 | 2,000 | ||
| Peru Projects - General | 1,555 | 1,555 | |||
| Peru Projects - Jimcamarca | FeYAlegrea | 1,650 | 1,650 | 116 | |
| Irish Project- Rumbek South Sudan | 5,000 | 5,000 | 1,285 | ||
| Community ofSouthern |
Afdca - Zambia | 300 | |||
| Other General Donations | 22,795 | 22,795 | |||
| Total 2021 | 37,055 | 37,055 | 6,577 | ||
| Total 2020 | 6,577 | 6,577 |
| Unrestricted | ||||
|---|---|---|---|---|
| Unrestricted | Development | Total | Total | |
| Fund | Fund | funds | funds | |
| 2021 5 |
2021f | 2021 9 |
2020 | |
| Listed investments | 27 | 27 | 19,751 | |
| Interest income | 2 | 234 | ||
| Total 2021 | 27 | 29 | 19,985 | |
| Total 2020 | 19,751 | 234 | 19,985 |
| Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| Fund | funds | funds | |||||
| 2021 | 2021 E |
2020f | |||||
| Mary | Ward | Mission | Fund | income | 38,741 | 38,741 | 21,719 |
| Total | 2020 | 21,719 | 21,719 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Development | Total | Total | |
| Fund | Fund | Fund | funds | funds | |
| 2021 8 |
2021 | 2021f | 2021f | 2020f | |
| Support for international | |||||
| provinces (see note 7.1) | 138,535 | 138,535 | 181,690 | ||
| Mary Ward Mission Fund | 5,110 | 5,110 | 44,780 | ||
| Support for the international | |||||
| projects (see note 7.2) | 13,798 | 13,798 | 6,631 | ||
| Governance costs (see note |
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| 7.3) | 4,084 | 4,084 | 3,938 | ||
| Total 2021 | 142,619 | 5,110 | 13,798 | 161,527 | 237,039 |
| Total 2020 | 185,628 | 44,780 | 6,631 | 237,039 |
| 7.1 Support for internati | onal | provinces (Unrest |
ricte | d funds) |
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|---|---|---|---|---|---|---|---|---|
| 2021 8 |
2020f | |||||||
| South Asia - Kolkata | 18,126 | |||||||
| South Asia - Bangladesh | 13,045 | 10,410 | ||||||
| South Asia - Nepal | 4,767 | 4,796 | ||||||
| Eastern Africa |
69,722 | 92,623 | ||||||
| Peru | 47,312 | 46,105 | ||||||
| South Africa - Zambia | 3,446 | 7,153 | ||||||
| Administration Expenses |
243 | 277 | ||||||
| Total | 138,535 | 181,690 | ||||||
| All amounts above were |
in relation to unrestricted | costs. | ||||||
| 7.2Support for international | projects (Unrestricted | development | funds) | |||||
| 2021 | 2020 | |||||||
| 8 | ||||||||
| Kangemi, Nairobi - Kenya |
871 | 1,076 | ||||||
| General - Eastern Africa | 710 | |||||||
| Elliott Rd, Kolkata, India | ||||||||
| Entally, Kolkata, India | 840 | 1,050 | ||||||
| South Asia Projects - General | 3,074 | 2,750 | ||||||
| Peru - General | 3,205 | 116 | ||||||
| Community ofSouthern |
Afiica | - Zambia | 300 | |||||
| Other General Donations |
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| Rumbek South Sudan | 5,000 | 1,285 | ||||||
| Administration Expenses |
98 | 54 | ||||||
| Total | 13,798 | 6,631 | ||||||
| All amounts above were |
in relation to unrestricted | development | fund | costs. |
| 7.3Gove | rnance costs (Unrestricted funds) |
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|---|---|---|---|
| 2021 | 2020 | ||
| 8 | 8 | ||
| Professional fees | 13 | f3 | |
| Auditors | remuneration | 4,071 | 3,925 |
| Total | 4,084 | 3,938 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| Fund | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| 8 | 8 | 5 | |||
| Investment | management | fees | 48.572 | 48,572 | 45,352 |
| Total2020 | 45,352 | 45,352 |
| Auditor's | remuneration | |||
|---|---|---|---|---|
| 2021 8 |
2020f | |||
| Auditor's | remuneration | -for audit services only | 4,071 | 3,925 |
| Trustees' | remuneration | and expenses |
| 2021 | 2020f | ||||
|---|---|---|---|---|---|
| At 1 January | 2021 | 14,492,251 | 14,718,694 | ||
| Income re-invested | 169 | ||||
| Deposits/(withdrawals) | 528,315 | (820,599/ | |||
| Market Value | Gains/(Losses) | 3,063,060 | (267,701/ | ||
| Currency (Losses) /Gains on Investments | (908,191) | 871,777 | |||
| Management | Fees Deducted | (8,020) | (9,920/ | ||
| 17,167,584 | 14,492,251 | ||||
| 12. | Debtors | ||||
| 2021 6 |
2020f | ||||
| Due within one year | |||||
| Other debtors | 1,228 | 4,953 | |||
| 13. | Creditors: Amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| 6 | |||||
| Accruals and | deferred | income | 15,002 | 13,200 |
| 15. | Statement | offunds | ||||||
|---|---|---|---|---|---|---|---|---|
| Statement | offunds | ~current year | ||||||
| Balance at | ||||||||
| Balance at 1 | 31 | |||||||
| January | Gains/ | December | ||||||
| 2021 6 |
Income f |
Expenditure | (Losses) 8 |
2021 6 |
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| Unrestricted | funds | |||||||
| Investment | Fund | 15,573,583 | 130,086 | (191,191) | 2,100,445 | 17,610,823 | ||
| Endowment | funds | |||||||
| Development Fund |
7,412 | 37,057 | (13,798) | (279) | 30,392 | |||
| Restricted | funds | |||||||
| Mary Ward | Mission | Fund | 3,153 | 38,741 | (5,110) | 36,784 | ||
| Total offunds | 15,584,148 | 212,784 | (210,090) | 2,100,160 | 17,686,999 | |||
| Statement | offunds | - prior year | ||||||
| Balance at | ||||||||
| Balance at | 31 | |||||||
| 1January | Gains/ | December | ||||||
| 2020 5 |
Income f |
Expenditure L' |
(Losses) 5 |
2020 | ||||
| Unrestricted funds |
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| Investment | Fund | 15,155,107 | 19,983 | (230,980) | 619,473 | 15,573,583 | ||
| Endowment | funds | |||||||
| Development Fund |
7,241 | 6,579 | (5,631) | 223 | 7,412 | |||
| Restricted | funds | |||||||
| Mary Ward | Mission | Fund | 26,214 | 2f,719 | (44,780) | 3,153 | ||
| Total offunds | 15,198,562 | 28,298 | (282,391) | 519,696 | 15,584,148 |
| Analysis ofnet assets between fund | s - current year | |||
|---|---|---|---|---|
| Restricted | ||||
| Unrestricted | Mary Ward | Unrestricted | ||
| Investment | Mission | Development | Total | |
| Fund | Fund | Fund | funds | |
| 2021 6 |
2021f | 2021 E |
2021 6 |
|
| Fixed asset investments | 17,137,192 | 30,392 | 17,167,584 | |
| Current assets | 497,633 | 36,784 | 534,417 | |
| Creditors due within one year | (15,002) | (15,002) | ||
| Total | 17,619,823 | 36,784 | 30,392 | 17,686,999 |
| Analysis of net assets between funds | - prior year | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | ||
| Investment | Mary Ward | development | Total | |
| Fund | Mission Fund | funds | funds | |
| 2020f | 2020f | 2020 | 2020 8 |
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| Fixed asset investments | 14,492,251 | 14,492,251 | ||
| Current assets | 1,094,530 | 3,153 | 7,4'l2 | 1,105,095 |
| Creditors due within one year | (13,198) | (13,198) | ||
| 15,573,583 | 3,153 | 7,412 | 15,584, 'l48 |