2021-12-31-accounts

		~ ' ~ ' ~ ~ ~
Lebanon		Rebuilding ofStGeorge's Cathedral Beirut, after the bomb		blast
Mozambique		Rebuilding ofthe Santa Madalena Chapel, in Netia
Ban dash		Construction ofChurch at Cholbol Sub-Center Narikelbari		Parish
Brazil		Building ofthe Diocesan Curia in Coari
I
Ethiopia		Formation for priests and religious in the Vicariate of Nekemte
Haiti		Building the Junior Seminary ofSaint Theresa ofthe Christ		Child
Vietnam		Formation of28junior seminarians at the Seminaire	Propedeutique
Cameroon		Ordinary Masses for 105priests in the diocese ofKumbo
Philippines		2,340 Ordinary Masses and 78Novenas for Priests in Borangan Diocese
Ukraine 'Ql'-~::	3,200 Ordinary Masses for 12priests in the Diocese ti'(8!:I!! I~		ofKyiv-Zhytomyr
Belarus		A host-making machine for the Holy Family Sisters	in Navahrudka
DRCongo		Expansion ofthe Convent ofthe Angelic Sisters of	St Paul in Murhesa
Indonesia		Livin costs for 25 Sisters ofADM inYo	COVID	hei
	~	i ~ ~ ~ J ~
Solomon		Vehicle for Burns Pastoral Centre
Islands
Papua New		Vehicle for the Auxiliary Bishop ofWabag
Guinea
Mauritania		Vehicle for the Vicar General ofNouakchott
Egypt		Youth formation programme -2021
Toga		Tmining for families in the diocese ofSokode.
Algeria		Language and Culture training for 8priests at 'Les Gylcines'		College
India		Corona emergency help for Trivandrum Archdiocese
S ria		Hel for 650 families in the Damascus area to a their rent
U anda		Hel to urchase medical ui ment for Kisubi Hos	ital
	~	~ ' ' ' ~ ' ~ ~ & ~
Lebanon		Studio equipment for SAT 7 studio in Lebanon
Argentina		Distribution ofCatholic programmes across Latin America (SIPCATV)
Mali		Printing of5,087copies ofthe whole Bible in the 'Bambara'		language

Fo	rth	e year	ended 31 Dec	ember 2021
			Unrestricted	Restricted	Total	Total
		Notes	Funds f	Funds f	2021 f	2020f
Income and Expenditure
Income
Donations and Grants		2	5,806,602	2,219,781	8,026,383	7,856,601
Legacies received		3	1,006,821		1,006,821	766,787
Legacies receivable			802,131		802,131	2,310,931
Other trading activities			411,482		411,482	369,782
Total Income			8,027,036	2,219,781	10,246,817	11,304,101
Expenditure
Expenditure on raising funds
Raising funds			843,515		843,515	866,875
ACN Trading Ltd costs		8	292,546		292,546	285,925
Charitable activities
Grants programme		12	7,160,446	2,437,623	9,598,069	7,328,686
Education and communication			639,913		639,913	746,676
Support services			643,257		643,257	558,144
Total Expenditure		5	9,579,677	2,437,623	12,017,300	9,766,306
Net Income I(Expenditure)			(1,552,641)	(217,842)	(1,770,483)	1,537,795
Other recognised gains/(losses)
Net gains/(losses) on investments			7,503		7,503	2,292
Net Movement in Funds			(1,545,138)	(217,842)	(1,762,980)	1,540,087
Fund balances bfwd at 1 January			4,445,402	357367	4.80 69	3262 682
7 d51 6 0 1310	6	13	2000264	139525	3039789	4802 769

					Group		Charity
				Notes	2021	2020 6	2021 6	2020f
Fixed Assets
Tangible Fixed	Assets			7	1,050,816	1,058,733	1,050,816	1,058,733
Investments				8	30,896	23,394	30,996	23,494
					1,081,713	1,082,127	1,081,813	1,082,227
Current Assets
Stock and work	in	progress			67,164	72,477
Debtors				9	1,754,387	3,467,908	1,884,975	3,710,081
Cash at bank and		in	hand		338,856	378,966	196,389	152,207
					2,160,408	3,919,351	2,081,364	3,862,288
Creditors: Amounts			falling	due
within one year				10	202,331	198,709	133,433	151,772
Net Current Assets					1,958,077	3,720,642	1,947,931	3,710,516
Net Assets				13	3,039,789	4,902,769	3,029,744	4792,743,
Funds
Unrestricted					2,900,264	4,445,402	2,890,219	4,435,376
Restricted					139,525	357,367	139,525	357,367
					3,039,789	4,802,769.46	3,029,744	4,792,743

			2021	2020
			6	6
Cash flow from operating activities
Net cash provided by operating	activities		(3,246)	268,319
Cash flows from investing activities
Investment income and interest	received		403	857
Proceeds from disposal offixed	asset investments			0
Payments to acquire tangible fixed assets			~37,266	~55653
			(40,110)	213,517
Net increase/decrease in cash	and cash equivalents		(40,110)	213,517
Opening cash balance at the beginning		ofthe year	378,966	165,449
Closing cash balance at the end	ofthe year		333 33r	378,966

Reconciliation ofnet income	Reconciliation ofnet income
to net cash flow from operating		activities
			2021f	2020 6
Net Movement in Funds			(1,762,980)	1,540,087
Adjustments for:
Depreciation			45, 183	42,693
Net (gains) /losses on investments			(7,503)	(2,292)
Investment income			(403)	(857)
Decrease / (Increase)	in stock		5,313	19,535
(Increase)/decrease	in debtors		1,713,521	(1,290,053)
Increase/ (decrease)	in creditors		3,622	(40,796)
			~3,246	268,319

Donations a	nd	Grants				Unrestricted	Restricted	Total
						Funds	Funds	2021
							E	E
Direct Marketing						1,566,988	730,013	2,297,001
Web						694,744	235,904	930,648
Major Donors						337,349	96,500	433,849
Community Outreach						128,845	64,635	193,480
Scotland						112,482	12,255	124,737
Other						347,640	112,530	460,170
Regular Giving						1,078,782	1,560	1,080,342
Gift Aid						971,975		971,975
Masses							887,729	887,729
Trust Income						237,412	78,655	316,067
Gifts of Faith						315,200		315,200
Red Wednesday		and Events				10,014		10,014
Furlough Grant						5,171		5,171
						5,806,602	2219,781	8,026,383
						Unrestricted	Restricted	Total
						Funds	Funds	2020
						E		E
Direct Marketing						1,847,518	614,261	2,461,779
Web						723,382	353,406	1,076,788
Major Donors						237,110	35,138	272,248
Community Outreach						237,458	45,658	283,116
Scotland						42,134	24,061	66,195
Other						274,021	28,398	302,419
Regular Giving						998,291	12,647	1,010,938
Gift Aid						983,562		983,562
Masses							730,221	730,221
Trust Income						175,569	79,267	254,836
Gifts of Faith						333,988		333,988
Red Wednesday		and Events				1,225		1,225
Furlough Grant						79,286		79,286
						5933544	1,923,057	7,856,601
Legacies Received and				Receivable		Unrestricted	Restricted	Total
						Funds	Funds	2021
						E	E
Legacies Received						1,006,821		1,006,821
Legacies Receivable				See note 9		802 'I31		802,13'f
						1,808,982		1,808,962
						Unrestricted	Restricted	Total
						Funds	Funds	2020
						E	E	E
Legacies Received						766,787		766,787
Legacies Receivable			See note 9			2310931		2310931
						3,077,718		3,077,718
Activities for	Generating			Funds
					Unrestricted	Restricted	Total	Total
					Funds	Funds	2021	2020
						E	r.
Merchandising	income		See note 8		382,079		382,079	339,925
Bank Interest					403		403	857
Rent receivable					29000		29000	29000
					411,482		411,482	369,782

			Staff			Other	Depreciation	Depreciation	Total
	Notes		Costs f			f			2021f
Grants programme	12					9,598,069			9,598,069
Education and Communication			349,086			290,827			639,913
Support services			222,699			375,375		45,183	643,257
Cost of raising funds			738,644			104,871			843,515
ACN Trading Ltd costs	8					292,546			292,546
			1,310429			10661687		45 183	12017300
			Staff			Other	Depreciation		Total
	Notes		Costs f			f.			2020f
Grants programme	12					7,328,686			7,328,686
Education and Communication			450,341			296,335			746,676
Support services			224,429			291,022		42,693	558,144
Cost of raising funds			745,729			121,146			866,875
Fundraising trading						265,925			265925
			1420499			8303114		42 693	9766306
						Group			Group
						2021f			2020f
Expenditure off34,512	shown	as governance			costs in previous		years	(2020:f39,840)
is induded in Support services		and	detailed	below:
Share ofSalaries						7,657			7,764
Statutory Audit - Charity						18,275			18,000
Statutory Audit - ACN Trading		Ltd				3,150			2,800
Legal and professional						5,430			10,882
Board meetings									394
						34,512			39840
Support Services includes
						Group			Group
						2021f			2020f
Staff Costs						222,699			224,429
Office Rent and Rates						39,147			28,454
Insurance						8,937			6,866
Cleaning						10,375			8,970
Office Repairs and Maintenance						32,390			25,965
IT support						74,881			48,001
Other Office costs						39,675			49,546
Phone						14,072			10,266
Bank Charges						53,187			41,411
Audit and Accountancy						23,230			18,000
Legal and Consultancy						12,924			53,543
Recruitment						66,556
Depreciation						45,183			42,693
						843,355			558,144

StaffCosts
	Group and	Charity
	2021	2020
StaffCosts consist of:		E
Salaries	1126481	1,226,619
Social security costs	113651	116,955
Pension Costs	55849	64,738
Health insurance	14448	12 187
	2 0429	1 20.499

Tangible F	ixed Assets
Group and	Charity	Freehold	Oflice	Computer	Total
		Property	Fixtures and	Equipment
			Equipment
			E
Cost
At 1 January	2021	1,152,750	65,716	50,677	1,269,	143
Additions				37,266	37,266
Write-offs						0
At 31 December 2021		1,152,750	65,716	87,943	1,306,409
Depreciation
At 1 January	2021	162,803	32,437	15,170	210,410
Charge for period		11,528	15,868	17,787	45,	183
Write-offs			0			0
At 31 December 2021		174,330	48,305	32,957	255,592
Net BookValue
At 31 December 2021		978,420	17411	54989	10511917
At 31 December 2020		989,947	33.279	35507	1,058,733

Group		2021	2020
		K	K
Disposals
Market value	as at 1 January	23,394	21,102
Disposal				0
Net Investment gain/(loss)		7503	2	292
Market Value	at 31 December 2019	30,896	23,394
Investments	consist ofthe following shares:
Thomson Reuters Group		4,264	4,264

	2021	2020
	K	S
Turnover Cost ofSales	382,059 ~262,730	339,925 ~235,073
Gross Profit	119,329	104,852
Other operating income Administrative expenses	21 ~29,~16	84 ~30723
Net profit before taxation	89,534	74,213
Corporation Tax
Net (loss)/ profit after taxation	89,534	74,213
Transferred to Aid to the Church	in Need (UK)
Service Charge	(73,158)	(71,028)
Loan Interest Gift Aid donation	(1,357) ~75,000	(1,568) ~7.500
Retained in subsidiary	19	117
Aggregate capital and reserves	10 146	10,127

Debtors
		Group
		2021f	2020f	2021f	2020f
Trade Debtors		55,720	15,471	33,797	11,850
Income Tax recoverable		177,563	200,719	177,563	200,719
Prepayments		21,564	15,609	20,525	13,890
Accrued Legacy		1,499,540	3,236,109	1,499,540	3,236,109
Loan to subsidiary	undertaking				247,513 3TI tx vI

The table below	shows the relationship	between	Accrued	Legacy (debtor)	and Legacy	Receivable (income)
				Group		Charity
			2021f		2020 E	2021 f	2020
Accrued Legacy bfwd			3,236,109		2,010,380	3,236,109	2,010,380
less: Cash received Add: Legacy Receivable			(2,538,699) 802 131		(1,085,202)	(2,538,699) 802,131	(1,085,202) ~2310931
Accrued Legacy cfwd
Included within	Group debtors are financial assets measured at amortised				cost ofE1,545,514(2020E3,251,581).
Induded within	Charity debtors are financial assets measured at amortised				cost off1,691,877(2020E3,495,472).
Cmditora
				Group		Charity
			2021 E		2020 E	2021	2020f
Trade creditors				83,307	68,916	40,290	47,988
Other creditors				34,139	3,250	27,588	3,250
Other taxes and	social security costs			59,885	59,989	40,555	42,357
Accruals					41,554		33,177
Loan from benefactor				25000

Within		1 year
Within		2 - 5years
Over	5	years

Lessor
Within	1 year
Within 2 - 5years
Over 5	years

12 ReStriCted	12 ReStriCted	FundS: Group and Charity	Opening	Incoming	Resources	Closing
			Balance	Funds	Outgoing	Balance
Purpose of	Donation - 2021		E	E	E	E
Africa				194,642	133,942	60,700
Asia				255,606	255,606
Europe				3,196	3,196
Latin America			7,883	126,565	134,447
Middle East			349,484	647,511	996,995
Mass Offerings				913,427	834,602	78,825
Construction				1,900	1,900
Education, Media and Child Bibles				14,183	14,183
Formation				5,525	5,525
Refugees				27,981	27,981
Seminarians				21,375	21,375
Sisters				7,543	7,543
Transport				329	329
			357,367	2,219,781	2,437,623	139,525
			Opening	Incoming	Resources	Closing
			Balance	Funds	Outgoing	Balance
Purpose ofDonation - 2020			E	E	E	E
Africa			1,530	136,462	137,992
Asia			31,613	203,876	235,489
Europe				9,985	9,985
Latin America				11,160	3,277	7,883
Middle East				717,066	367,582	349,484
Mass Offerings				769,025	769,025
Construction				65	65
Education, Media and Child Bibles				6,410	6,410
Formation				10,019	10,019
Refugees				34,385	34,385
Seminarians				22,172	22,172
Sisters				2,182	2,182
Transport				250	250
			33,143	1,923,057	1,598,833
13 Aid Granted:		Group and Charity
Grants made	during the period were distributed		as follows	2021		2020
ByRegion				E		E
Africa				3,518,550		2,654,804
Asia				2,109,473		1,667,872
Eastern Europe				1,220,787		1,383,507
Latin America				918,788		1,241,206
Middle East				1		381,297
Total Aid Payments				598D69
				2021		2020
ByFunding		Type		E		E
Mass Stipends				834,602		836,831
Catechetical	snd Formation			629,414,		1,046,512
Construction				3,275,385		2,009,341
Education, Media and Child Bibles				303,899		319,619
Humanitarian	Assistance			1,742,958		555,917
Seminarians				742,390		933,760
Sisters				1,112,793		791,198
Transport Total Aid Payments				9566 Bt 69		835,508 7»

Total Fu	nds
		Unrestricted	Unrestricted	Restricted	Total
		Funds	Funds	Funds	Funds
		2021f	2021f	2021f	2021f
Tangible	Fixed Assets		1,050,816		1,050,816
Investments		30,896			30,896
Cash		199,331		139,525	338,856
Legacies	receivable	1,499,540			1,499,540
Other net	current assets	(19,845)			(19,845)
Free reserves			1,849,448
			290026,~ ~		2 II00204
Free reserves
excluding	legacies receivable		349
		2020f	2020f	2020f	2020f
Tangible	Fixed Assets		1,058,733		1,058,733
Investments		23,394			23,394
Cash		21,599		357,367	378,966
Legacies	receivable	3,236,109			3,236,109
Other net	current assets	105,567			105,567
Free reserves			3,386,669
			4,4 5,40	357.	9II2769
Free reserves
excluding	legacies receivable		50560