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||||REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|
|---|---|---|---|---|
|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||
||||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)||
||||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||
|Independent||auditor|RBKBusiness Advisers||
||||Chartered
Accountants
and Statutory
Audit Firm||
||||Parkview
House||
||||Beech Hill Office Campus||
||||Beech Hill Road||
||||Clonskeagh||
||||Dublin 4||
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|Bankers||Allied Irish Bank|||
|---|---|---|---|---|
|||Business Direct|||
|||PO Box73306|||
|||London|||
|||United Kingdom|||
|||W59PB|||
|||Allied
Irish Bank (Nl)|||
|||PO BOX123|||
|||92Ann Street|||
|||Belfast|||
|||BT13AY|||
|||Allied
Irish Bank|||
|||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|||
|||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|||
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||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Development|Total|Total|
||||Fund|Fund|Fund|funds|funds|
|||Note|2021|2021|2021
6|2021
6|2020
f|
|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:||||||||
|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||||||||
|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|
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||||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||
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|||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||
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||||||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||
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||||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||||||
|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||
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|7.1 Support for internati|onal|provinces
(Unrest|ricte|d
funds)|||||
|---|---|---|---|---|---|---|---|---|
||||||||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|||||||||
|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.|||
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|7.3Gove|rnance costs (Unrestricted
funds)|||
|---|---|---|---|
|||2021|2020|
|||8|8|
|Professional fees||13|f3|
|Auditors|remuneration|4,071|3,925|
|Total||4,084|3,938|
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||||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||
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|Auditor's|remuneration||||
|---|---|---|---|---|
||||2021
8|2020f|
|Auditor's|remuneration|-for audit services only|4,071|3,925|
|Trustees'|remuneration|and expenses|||
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|||||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|
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|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|
||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||||||||
||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|
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|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|
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|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|
|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|
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