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2021-07-31-accounts

Page
Legal and Administrative Information
Trustees' Annual
Report
Statement ofFinancial Activities
Summary Income and Expenditure Account
Statement ofFinancial Position
Statement ofCash Flows
Notes to the Accounts 9-13
Independent
Examiner's		 Report 14



for the year ended 31st July 2021 'j '
I
Income from:
Donations
and legacies
Charitable
activities
Investments		 Notes
2
3
4		 Unrestricted
Funds
K
32,306
16,473
23,097		 Restricted,
Total Funds
'Furids'
"' -"
2021
'
R:,
:.'..
R
29,532.
.„61,838
' 16,473
23,097		 Total Funds
2020'
i'
336,542
11,884
29,792
Total 71,876 29,532 101,408 378,218
Expenditure
on:
Raising funds 5 10,662 10,662 8,800
Charitable
activities:
Grants payable 6 10,300 10,300 5,292
Promoting
devotion to		 Our Lady ofLourdes 7 23,474 23,474 19,550
Governance
'		 8 748 748 1,189
Total 45,184 45,184 34,831
Net income before gains / (losses)
on investments
Net gains
/
.(losses) .on investment's::		 10 26,692
116325.:		 '
'
' -: .		 ' '29,532
.:".'
--		 '
t		 .' 56;224
'
' 343,387
116,325: (66,896)
Net income
/ (expenditure)		 143,017 29,532 172,549 276,491
Transfers between
funds
Net movement
in funds		 143,017 29,532 172,549 276,491
Reconciliation
offunds
Total funds brought
forward		 1,172,589 ' 1,172,589 896,098
Total funds carried forward 1,315,606 29,532 1,345,138 1,172,589

Notes 2021 2020
X S
INCOME
Gross income 101,408 378,218
Gairis
/ (losses) on disposal ofinvestments
based on book values		 10 18,776 (9,505)
120,184 368,713
EXPENDITURE
Total expenditure (45,184) (34,831)
NET INCOME (EXPENDITURE) FOR THE YEAR 75,000 333,882

Notes 2021"' ' '2020
FIXEDASSETS R K
Tangible assets
Investments		 9
10		 480
1,055,$73		 640
789,932
Total Fixed Assets !'c&', '' 1,055,853 790,572
CURRENT ASSETS
Stock
Debtors
Cash at bank and in hand		 1(d)
11		 1,071
8,580
285,814		 1,07l
31,167
358,823
Total current assets 295,465 391,062
LIABILITIES
Creditors: Amounts
falling		 due
within one year 12 t6,180) (9,044)
NET CURRENT ASSETS (LIABILITIES) 289,285 382,017
TOTAL ASSETSLESSCURRENT LIABILITIES 13 1,345,138 1,172,589
THE FUNDS OF THE CHARITY
Unrestricted
Income Funds
Unrestricted
income funds-
Revaluation
reserve		 10 .1&187,688
' 127,918		 "' ' . . 1,077,928
'' "94;661''
1,315,606 1,172,589
Restricted income Funds 14 29,532
TOTAL CHARITY FUNDS 1,345,138 1,172,589

' ' "''' ' 2021' 2020
Notes
Total income 101,408 378,218
Total expenditure (45,184) (34,831)
Net income less expenditure
before
net gains
/ losses on investments		 56,224 343,387
Depreciation 160 214
Decrease (increase) in stock 269
Decrease (increase) in debtors 22,587 (21,276)
Increase (decrease) in creditors (2,864) 206
Tangible assets:
Purchases
Investment
Portfolio:
Purchases
Disposals
Decrease (increase) in cash held as part ofportfolio		 10
10		 (515,300)
354,778
11,406		 (134,326)
153,202
(12,478)
Increase '(decrease) (n cash (73,009) 329,198

2. DONATIONS
AND
Subscriptions		 LEGACIES LEGACIES Unrestricted
...;Funds.
795		 Restricted
Funds
R"
~		 Restricted
Funds
R"
~		 .. Total Funds
-I' '2021-",
--;; .;;R,
795		 Total Funds
-I' '2021-",
--;; .;;R,
795		 Total Funds
;.","; 2020
851
Life subscriptions 420 '. t . 420, . .360
Donations 29,091 29,532 58,623 15,857
Legacies 2,000 2,000 319,474
32,306 29,532 61,838 336,542
3. ,CHARITABLE ACTIVITIES Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
F R S
Sponsored
events		 1,469
Bonus ball competition 3,084 3,084 2,414
Centenary
club		 2,679 2,679 2,232
Christmas
appeal
Other income and		 events 9,320
1,390		 9,320
1,390		 4,329
1,440
16,473 16,473 11,884
4. INVESTMENTS Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
F k
Income from UK listed investments 23,072 23,072 29,611
Interest received 25 25 181
23,097 23,097 29,792
5. RAISING FUNDS Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
R R s
On-line
givihg charges		 216 216 216
Sponsored
events
Prizes
—Bonus ball competition
Prizes
—Centenary
club
Other expenses and events
Investment
management
costs		 1,560
925
334
7,627		 1,560
925
334
7,627		 1,140
553
493
6,398
10,662 10,662 8,800
6. GRANTS PAYABLE Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
F R S
Assisted pilgrims 23
Nurses, carers and
Special needs
'
Lourdes Sanctuaty		 helpers 300
10,000		 300
10,000		 269
'West Countiy'
grdup		 1 5,000
10,300 ', 10,300 .,5,292

||, , ' "|||||| |---|---|---|---|---|---|---| |7.|'PROMOTING
DEVOTION||Unre'stricted|Restricted|Total Funds|Total Funds| ||TO OUR LADY|OF LOURDES|Funds|Funds
4|2021|2020
I,' ~, ' ), J')g'| |-|' Cost ofor anisin
a|a eto Lourdes||||| ||Pilgrimage
experises:-
Handbook,
music:, candles|etc|868||868|"15| ||Hire ofwheelchairs
and equipment,|||||69| ||Rent for storage ofequipment||1;284||1,284|1,714| ||Food and general supplies|||||690| ||Drugs and medical requisites|||||| ||Virtual pilgrimage
Travel costs'unrecoverable|due' to COVID-19|2,175
'' '30||,2,175,
30|234| ||Lourdes levy|||||| ||Registration|||||50| ||||4,357||4,357|2,772| ||S readin
the messa e ofLourdes|||||| ||Pilgrims
Way||1,114||1,114|1,806| ||Mass stipends||1,105||1,105|1,005| ||||2,219||2,219|2,811| ||Office expenses: — .
Rent
'' Telephone
Stationery,
postage and.office expenses
Travel expenses
Depreciation||5,817
3,399
6,236
851
160||5,'817-
3,399
6,236
851
160|' 5,'817
1 532
4,766
1,200
214| ||Bank charges and interest||435||435|438| ||||16,898||16,898|13,967| ||TOTAL||23,474||23,474|19,550| |8.|GOVERNANCE COSTS||Unrestricted|Restricted|Total Funds|Total Funds| ||||Funds|Funds|2021|2020| ||||R|R|R|S| ||Independent
Examiner's
fee||600||600|1,189| ||Training||78||78|| ||Registration
fee||70||70|| ||||748||748|1,189|

9. :TANGIBLE FIXEDASSETS Leasehold
Property
Improvements
R		 Leasehold
Property
Improvements
R		 Pilgrimage
Equipment
R		 Computer;
Equipment6,.		 .,
t.		 . -) TOTAL
.
R.
Cost
Balance at I&' August 2020 2,733 5,459 4,890 13,082
Additions
Balance at 31s' July 2021 2,733 5,459 4,890 13,082
Accumulated
depreciation
Balance at 1&t August 2020
Depreciation
charge for the year		 2.733 5,156
76		 4,553
84'		 12,442
160
Balance at 31stJuly 2021 5,232 4,637 12,602
Net book value at 31~July 2021 227 253 480
Net book value at31s' July 2020 303 337 640
10. INVESTMENTS 2021 2020
Quoted investments
listed on		 the.UK stock exchange R s
Market value at 1st August
Additions		 767,161'
515,300		 852,933
134,326
Disposals
Gains
/ (losses) on disposals
Gains
/ (losses) on revaluation		 (354)778)
18,776
97,549		 (153,202)
(9,505)
(57,391)
Market value at 31stJuly
Historical cost 31stJuly		 1,044,008
916,090		 767,161
672,500
Surplus
/ (Deficit) on revaluation		 127,918 94,661
The investments
are analysed as below:—
UK investments
Overseas investrrients		 433,813
610,195		 499,988
267,173
Market value at 31stJuly
Cash held as part ofinvestment		 portfolio 1,044,008
11,365		 767,161
22,771
1,055,373 789,932

11.DEBTORS 2021 2020
-S'undry debtors: ' &"""'1'137"''' *'- '23,'432
Prepayments 6,187 6,187
Dividends
due		 2,256 1,548
Tax recoverable
8,580 31,167
12.CREDITORS: Amounts falling due 2021 2020
within one year F
Other creditors 6,180 9,044
13.ANALYSIS OF NET ASSETS Unrestricted Restricted Total
BETWEEN FUNDS Funds Funds Funds
2021
Tangible fixed assets
Investments
Current assets		 480
1,055,373
295,465		 480
1,055,373
295,465
Current
liabilities		 (6,180) (6,180)
Net assets at 31stJuly 2021 1,345,138 1,345,138
14. MOVEMENT
IN RESTRICTED FUNDS
At 1stAugust
2020		 Incoming
Resources		 Outgoing
Resources		 Transfers
in/(out)		 At 31stJuly
2021
Nurses and Helpers Fund 29,532 29,532
29,532 29,532