EDMiif*D RICE BIC.F.NTENPilAL TRUST LI￿11TED
IA C.ompgn} lirniied by gu4r8titeel
REPORT AND FINAYCIAL ST.4TEMENTS
FOR THE YEAR EliDED
31 DF.CEMBER 2020
Company No. 4219228 IEngland and Wales}
Chariiy No. 1098358

EDMUND RICE BICEYTENP4JIAL TRUST LIMITED
REPORT AiYD FINANCIAL STATEMENTS
YEAR ETr4DED 31 DECEMBER 2020
CONTENTS
Page
Reference and Adminisiraiive Inftsmi•ion
Directors. Report
Auditor's Report
StateTnen¢ of Financial Activities
12
Balance Sheet
13
Statement of Ca5hllows
14
Noies to the Financial Sth¢ements
15

EDMUND RICE BICENTENNIAL TRUST LIMITED
REFEREIYCE AND ADMIiYISTRATIN'E IiYFORMATIOiY
YEAR ENDED 31 DECEMBER 2020
Charity Registration Number..
1098358
Company Number.
4229228
Directors..
P. Griffiihs (Chair I
J. McDonald (Australia)
M. Holland
G. Gordon
C. Sindazi Mukuka IZamb5al
K. Gordon
J. Johnson Ilndial
T. Oldham
Address of Regisrered Offite-
"Woodeaves"
'ickeT Lane
Hale Barns
Altrincharn
Cheshire
WA150HF
Se¢retary'.
L&P Trustee Ser%'i¢es Limited
75 St Stephen's Green
Dublin 2
Ireland
Independent AudilOT-.
MaTars LLP
6 Sutton Pla7a
Sullon Court Road
Sutton
Surrey
SMI 4FS
Principal Bankers..
Allitd Irish Bank
HSBC
Principal Investment Managers:
Cantor Fitzgerald Ir¢land Ltd
Unige5tion
State st￿et Global Advisors
Setanta Asset Management

EDMUND RICE BICENTEryNIAL TRUST LIMITED
DIRECTORS, REPORT
YEAR ENDED 31 DECEMBER 2020
The Directors present their Teport and financial statements for the year ended 31 Decemi)er 20?0 and ¢onfJmi that li
complies with Current s¢oiutory requirements, and wilh the requirements of ihe ChJrLty'5 governing instrument.
I1￿ RODUCTION
Edmund Ri¢e Bicent¢nnial Trust Lrd I"The Chariry") was incorpordted on 5 June ?001 and registered as a Charity on 4
July 2003. lis PUTpose is to support and fund thr Edmund Rice mission in the developing world. Today, the Charity
5UPPOrts the a¢tivities of Chri￿lan Brother5 a¢ross two continents. namely Africa and Europe.
MISSION
The main objects ufthe Charity are io ad*ance the Christian faith, promote Christian ideals and provid¢ for the educaiion
and training of¢hildT¢n and other persons according to the spirit and ideals of Blessed Edmund Rice.
OWECTIVES, AIMS AP4D AcfiviTIES
Objeetives
The Charity intend5 to meet the Obl￿1Ve5 described above by..
Providing assistance to children or oiher persons especially ¢hose who are poor by the provision of
accoTnmodation. training. instruction. or pastoral care in order to develop their physical, mental, emotional and
spiriiual capacities.
2. Providing assistance as the c.harity Tnay froTn time LO time think fit for the provision of educational facilities.
3. Providing or ass1Sting in the provision of education of any child or person in keeping wsih the precepts of
ChT15tian faith and Chr2Stian ideals.
Providing assistance for the training or tea¢h¢rs. parents. you¢h leaders or other persons engaged or to be
engag¢d in provision of dueation. l¢#dership. development, or instnjction of children and other persons.
Providing wh¢r¢ needed, assisian¢e for the fllnherance or developmeni of edu¢aiion or youth leadership,
religious and moral development especially of the )'oung and disadvantaged as well as for the relevant
edu¢aiional T¢5earch.
Providing for the reasonable needs and assistance of those who have Se￿ed the mairh obj¢cis of the Charity and
io provide them with the necessary resources Tcquired in the perfom)ance of their duty in keeping with the main
obje¢is of the Charit>. pro￿lded always thai no part of the capitol or income of the Charity may be distributed to
any person by way of PTofii of dividend.
Advancing the Christian faith in any part of the world.
Assisting in the relief of poverty in anj part of the world.
Providing assistance to other bodie5 involved in charitabl¢ works haviTrg main obje¢¢s similar to those of the
Charity.
Publi¢ Benefit
The DirectOTS ¢onsid¢T thai the activities and achievements of the ChaThty illustrate that the aims of the charity are carried
out for the public bencfii. The Directors confirm that the) hawe taken into account the besi practice guidan¢e on public
benefit when deciding what activities. the Charity undertakes.
REVIEW OF ACHIEVEMENTS ATriD PERFORMANCE FOR THE YEAR
Review of Activities
Applications were received from the Africa Province. th¢ Mission Capacity SupTK)rt Team and Edmund Rice
Development Ltd. The Trustee5 rewiew¢d all applications and approved the payrneni of funds to the three applicants.
D¢tai15 of ih¢ three ¢ntities thai Te¢eived fvnding and iheir activities are dis¢vssed in this section.

EDMUiYD RICE BICENTENiYIAL TRUST LIMITED
DIRECTORS, REPORT {continued)
YEAR ENDED 31 DECEMBER2020
REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE I'EAR {coniinued)
The Christian Brothers. African Province
The Charity pro%'ided £571,521 10 the Christian Brothers African Province during 2020. A further £578,864 met the
recognition criteria lor a collsinjctive obligation ai 31 DeceTnber 20?0 was included in the grant expenditure in 2020 and
will be paid in 2021.
The mission of the ChTlStian Brothers in Africa continues to be aciing as ¢ffective agents in the liberation of oppressed
and marginali5ed people fTOrn poverty, injustice. ignorance, and the effects of sickness, especially HIVIAIDS and
COVID-19. To do this we ¢ollaiK)rate Closely wilh the PLN)r in the rninistTies of faith-based education and communily
development. We prioriiis¢ the care of ￿0p]e. the transfomation of unjust Structures and ¢aTe for the whole of cr¢atio
and endeavour to achieve these by advocacy, education and ¢omrnunity' partneT5hip.
To achieve these aims, the African Province of the Christian Brother5 s¢eks the financial SUPTX)rt from external sources io
supplement the iniernal contriblltions frorn some of ihe ministrie5 in which the brothe￿ have participated and continue to
provide inspiration from their following of Edmund Rice. The Charity is a significant ¢%temal SOUTre, also working under
the inspiration of Edmund Rice.
Internal income and other donations support initial and ongoing formation programmes, and further fomial educational
COUTse5 for the Brothers. They also SlJPPOrt ihe administrdtion of the ¢ommunitie5 of the Province conlinent-wide and ils
four eniiiie5 in the following countries.. South Afric4 Zambia and z.imbabwe Isouih Central Disirictl, Kenya. Tanzania
and South Sudan (East AfTiGa Di5tri¢tl and Ghan& LI￿ria,'fhe Gambia and Sierra Leone (West Africa Districil.
The Chariry's funding enabled the Christian Brothers and their co-workers to live in and ntar their minisiries thus
resulting in involvement directly or indirecily with tens of ihousand5 of beneficiaries.
By the end of 2020. the Africa ProviThce of the Chrisiian BroiheTS ¢OilSlSted of 118 members. There were 42 annually
professed African Broihers. 53 finally profes5¢d African broiheTS, 14 finally proftssed ¢xpatriat¢ brothers and 9 finally
prof¢5s¢d broihers who weT¢ mernbeTS of other piovince5. In addition io the Profe55ed Brothers, there wer¢ ihirteen fiTSt-
year novices in 'l"amal. Ghana and 8 youtJ8 men in the ￿51vIanCY programs at matabUk￿ Zarnbia 161 and Sham51 ID
Tanzania121.
In 2020. the Christian Brothers and their co-workers wer¢ involved in a variety of minisrries and community
en8agem¢nts including the following..
Pastoral caTe of all the brothers in ihe Provinee
Encouraging and PToviding opportuniiics for th¢ brothers to participate in life-long formation thus enablin
personal development of each brother in a￿aS of irttere5t. skill and activism in the service of others
Seeking. preparing and training young men who are interested in becoming Christian Brothers
Admini5traiion 3nd iea¢hing and lewning progr3mme5 in primary. seeonday) and vocational s¢hoo15 that
provide educational opportunities for Child￿n, both girls and IK)ys, wilh a 5igDificani numb¢r of ihe children
from disadvantaged ba¢kb7rounds
Teaching in the informal education secior. running homework Cl￿seS, running centr¢s that teach skills to those
who have failed in the formal education se¢ior and by so doing &5slSI theTn 10 incre&se their chance of obtaining
employTnen¢.
Working with children wilh disabilities io assis( them in becoming confident in their abilities to participate in
fulfillin8 relationships and roles.

EDMUND RICE BICENTENNIAL TRUST LIMITED
DIRECTORS, REPORT leontinued)
YEAR ENDED 31 DECEMBER 2D20
REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR{eontinued)
Awareness-raising on significant local and global issues and the trdining and supwrt of communities in the use
of advo¢acy
Direct involvemellt with local community development proje¢is in supporting the local communities to accept
their role and participation in su¢h projects.
Full time assistan¢¢ to people stigrnaiised by. and 5uITering from. IIIIIIAids. some through s¢h(K)l involvement
and 5UPP)n in accessing treatment. medicalion and presence wi¢hin a supportive community. There w¢re also
outreach programmes edu¢ating people on HIVIAids Prevention.
Being direcily and aciively involved in distTibuiing on¥oing practi¢81 assis¢an¢e to viciim5 andlor families,
particularly those orphaned, as & direci consequence of Ihe Ebola emergency.
EncouraBirtg participation in forniation in Edmund Rice ¢hinking and acting which is then extended into
practices such as visit5 to orphanages. h05piials and prisons by young people and our co-workers.
The Brothers Communities coniribuied part of theiT Community income to purchase food which wa5 dis¢ributed
to families atT¢cted by COVID-19.
The Brothers facilsiated the distribuiion of fiN)d and sani¢izin8 materials using fund5 don*ed by various donors
to support those affected by the COVID pandemic.
Edmund Rice Development
The Charity 15 ronnected to, but does not control, an Irish ¢haritv, Edmund Rice Developrneni IERDI which is a
dtv¢lopmeni agency dedicated 10 the liberation of people and communities from povetry and injvsiicc ERD'S core
piJrp05e Is to support the sustainability of Edmund Rice Mission by sourcing funding, building donor et]gagiement and
working with our partners in mission to impTOV¢ development capacity and maximise impac¢. ERD is fully committed io
transparenc). and a¢¢ountability IO its fund¢rs. In 2020, the chariiy donai¢d £169,589 irt support of ERD'S Core
op¢ration5.
A further £168,059 rnet the recognition criteria for a constructive obligation at 31 December 2020 has been included in
the grant ¢xpenditure in 2020 and will be paid in ?021.
D¢¢ply aware of th¢ levels of poverty, vuln¢r¥bility and ex¢lu5ion in OUT world, ERD Tesponds to th¢ lack of..
awarenes5 of human and envI￿nMental Tights
Consistent access io basic needs
access ro quality primar). and secondary educaiion
opportunities for livelihoods, employment and entrepreneurship
Bcce5S to quality communir). healthcare
opportunities for people with disabiliri¢s
prot¢ctiOll 2nd respect for'the carth our home. ILaudato Sil
by suprK>rting Edmund Rire Mission in ihe thre£ aTeas of ConiTDuniiy Developmeni. Education and Advo¢acy.
During the year. total incoming r¢50urces for ERD amoupted to É1.0•5.765. Total olligoing Tesources amounted to
1.084,091 during 2020. AI 31 Decelllber 2020 the organi5ation had a dtficii of É58.326 which was attributed io by a
restTlCted deficit of f132.471. The Charity in collaiK)raiion wilh an Edtnund Rice Mi5s10n launched the Capacity
Asse5smeni and Response Plan project which was undertaken by ihe CotLgTegation Leadership Group in 2017. The
objectLV¢ ￿a$ to assess the ability tsf project teams in difference provin¢es, identify'ing areas ihat they needed to improve
and offering training and sUPPOrt were necessary.

EDMUND RICE BICENTENYIAL TRUST LIMITED
DIRECTORS, REPORT Icontinuedl
YEAR ENDED 31 DECEMBER 2020
REVIEW OF ACHIEVEMETr*TS AND PERFORMANCE FOR THK I'EAR Icontinued)
ML5sion Capacity Development Project
The Charity Provided £62,449 to Mission Capacity Development Project during 2020. A further £61.917 which met the
re¢ogniiion ¢riteTia for a constructive obligation 8t 31 December 2020, ha5 been included in th¢ grant expenditure in 2020
and will be paid in 2021.
Th¢ Mission c.apacity Suppori team IMCST) was established to conduct a Congregation-wide Capacity AssessTn¢nt for
all developmeni projects in Edtnund Riee Mission IERMI. The MC.ST was also required to establish and implement a
plan for trdining and capacity building at all leve15 of project managemeni from fjeld managers through ￿ owners and
governors of PTOj¢¢ts. The long-terni goal of the capacity development project is to build capacity of development
Projects to aihieve greater impa¢t in local ¢omtnunities. Illtimately this Mi55ion Capacity Dev¢lopmeni Project IMCDPI
would ensure that ERM Projects are compliant in all besi practice International Developtntnt principles and pn)iocols.
During 2020, Ihe third year of the 3-y¢ar sirategTiC plan executed. building on the pn)gre5s in 20?0. MCDP has
provided documentatloll to dernon5tTaie thai the work s¢heduled under the three strategic ouicom¢s of the projeci have
been successfully advanced during 20?0. Key achievements in 2070 include..
Strategic Outcome l.. Increase the Effeciiveness of Edmund Ri¢e Mission DeveloprneDI Office5 IMDOI &
Developmeni projecis to achieve bet¢er results. L'jllder thi5 Outcome are& the project increased capacity in
Result5 Based planning and Monitoring and Evalu81ion ihrough three online training cour5e$ 131 participants)
and an in-counlry training Izambial benefitting 22 participants. The Governance Training PTograrnme planning
began with the research phase, which included 24 int¢rview5 Wlth 29 stakeholders. Additionally. capa¢ity was
buili in ihe Africa Province through collaboTaiion with the Afri¢an Province Mission Dev¢lopment Office, with
a foclls on ihe Africa Province Strategic planning process.
Strategic Outcome 2.. Hurnan alld Financial ResouTces are efYe¢ll%'ely managed enabling local project
implementation. Under this outcome area, the 2016 Mission Finance Manual was comprehensively reviewed.
and an updated 20?0 version was produced. Finance Trainings were delivered in-counlry (Edmund Rice
International. Swiizerlandl and online (Africa Provinc¢l 10 in¢rease the financial managT¢ment capacity of local
teams. Further support wa5 given ihrough financial mentorship to the Latin Ameriran Mission Development
Office.
Sirategic Outcome 3.. Improved Leaming and Sharing across ERD Proje¢15. Under ihis Outcome ¥Je&
collaboraiion continued thrtsugh Tegular MCST peeT-group meetings and an annual online meeting of the full
MCST in August. Two MCST newsletters were produced and distributed to stakeholders in addition ￿ a MCST
discussion paper, which was submitted 10 the CLT.
The grant used to supp)rt Operaiional and Adrninistrative work of the MCST through its Executive Officer
and executive council.
PLANS FOR THE FUTiiRE
The Charity iniends to manage it5 existing assets &8 efficiently as possible in order to generaie the income necessary to
achieve rhe charity aims and to ¢ontinue to give support io fuiuTe projeLls. The Charitv plans to continue to provid¢
5UPPOrt to the Edmund Rice Mi55ion in the D¢weloping Il'orld. The Charily uses income froTn its inveslJll¢nt wrtfolio to
make grants ond donations in support of the above projects. Alihough no fundTaising has been conducted during the year
and the prior year the Charity is aware of the Charities (Proieciion and Social Invesimentl Act 2016.
FINANCIAL REVIEW
During the year. ¢he charity ￿e1Ved income of £58?,943, consisting of donat10115 lotalling £13.257 and inv¢5tment
income of £569,686. Expenditure tot311ed £960,588 consisting of ihariiable acliwitie5 of £841,686 and ¢ost5 associated
with generating funds and supporting the charity of £l18.902. Net surplu5 for the year tOLqlled £353,010 afier t￿Ing into
a¢couni invesirneni gains and losses. At 31 De¢emlKr 2020 Ihe charitj had funds of £?8 ?31,162 12019.. £27.878,152)
which, apart from Tesiricted reserves of £135,318 were unre51tiCted.

EDMUND RICE BIcE￿TElYN1AL TRI.'ST LIMITED
DIRECTORS. REPORT Icontinuedl
YEAR ENDED31 DEcE￿IBER2020
REVIEW OF ACHIEVLMENTS AND PERFORMANCE FOR THE YEAR (continued}
Reserves polity
The Chariry's financial reserves aim to generate a level of income to mat¢h its taTget for donations and cost of raisin8
funds. In 2020 charity expenditure totalled £960.588. .4t 31 Decemb¢r 2020 ¢he Charity. had iotal funds of £28,231.162.
Of these funds £135,318 was in TestTiCted funds and £28.095.844 was in unrestrict¢d funds. Of ihese unreslTlCted fvnds.
£25,433.213 is represented by invesiments.
The directors of ihe charity T¢gularly Teview the 8mount of funds that the ch￿1¢Y requir¢$ 10 ensure they ar¢ adequate to
fvlfil tlie charity's coniinuing oblibyatlOll5.
Imp•ct of COVID-19
During 2020, the World Health Organization (WHO) declared COVID-19 a pandemic. While this is a constantly
changing situation, the Tnjstees are rnOniiOTing and follo￿Ing the advice from the Govemment 3rtd the Health Setvice.
Thi5 would include for exatnpl¢ the n¢¢d for 50¢ial distancing. meetings are taking place by conference or vidw calls.
However. the largest financial impact to date has been 10 the Charily's investment Portfolio. Financial rllarkets. and stock
markets in particular. have fallen significanily in the year-tO-dai¢ 2021. I'he Charity has low fixed overhead ¢osis and the
finanLial impa¢¢ may ntst necessaril). affect our going roncern. The Dire¢¢ors and the Principal Investment Manager5
continue 10 monitor the situation.
Brexit
The Directors, a5sessnJent of the impact of the Brexit on th¢ Charity is tha¢ ihis will have minitnal to no effect on ILS
operations.
STRucfi5RE. GOVERNANCE AND MAlYAGEmE￿T
Governing Document
Edmund Rice Bicentennial TnJ5t Ltd is a Charity limiied by guordntee and not having share capital. The Cotnpany
number 1$ 4229228. The Charity is governed by its Memorandum and Arii¢les of Association a5 amended by spccial
resolution dated 7 June 2012. The Charity 15 a r¢gistered charity with the UK Chariiy Commissioner undcr charitable
nurnber 1098358.
Reeruitmettt and Trainirtg of Directors
In accordance with the Memorandum and Articles of A550¢1alion, the Directors are aptK)ini¢d by the members of the
Charity. The directors shall be noi less than 5 and shall never be more than 12 in number.
The Directors during the year, who ar¢ also the Trustees of the Charity, are shown on page one.
The Directors are chosen on the basis of their willingness io serve. abslity. govemance, experience and support of the
ethos, mission and philosophy of the Charity. The DireLiofs are well infomed about the Mission. governing do¢umellt
and history of the charity. The dire¢¢ors are encourag¢d to attend appropriaie external training courses and events to
fa¢ilitate the undertaking of their role.
Organlsation*l Structure
The Directors are responsible for the policies, activiiies and assets ofihe Charity. The affair5 of the Chariiy are managed
by the Board of Directors ￿h0 are accouniable to ihe Members. The Board of Directors meet regularl} 10 revie￿ all
aspe¢ts octhe Charity's activities. When neLessary, thev seek advice from the Charity'5 professional advisors.
In DeceTnb¢r 2019, the Charity apw)inted Mazars Finan¢ial Planning as independeni financial advisers to provide advice
to the board including on the perfortnartce of the invtstment Thana8er5. A service that was also availed in 2020.

EDMUND RICE BICENTENNIAL TRIIST LIMITED
DIRECTORS, REPORT Irontinued)
YEAR ENDED 31 DEcE￿]BER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT (eontinuedl
Risk Man•gement
The DiT¢Ctors have considered the ri5k5 that are material to the Charity and have ensured ihat there are suitable
procedures in plac¢ 10 mitigate these. The Directors believe that by monitoring reserve leve15, by ensuring the existence
of controls over key fjnancial systems, by taking regular professional advice. they have established TOUtinelJ effective
systems and procedures to mitigate those risks.
The principal risks affecting the Charity and the PTo¢eduTes in place to mitigate these risks are.. Govemance and
management-. Considers the efficiency of the i￿ard. Risks considered include a lack of plannin¥i, a Trustee body which
lacked sutyicient skills or 2ppropriat¢ decision making procedures. Such risks Could include a la¢k oftraining l induction
or stewardship of resource5- human, financial and property. The director5 have addre5s¢d thesc risks by operating
both annual and longer temi plan5. holding regular bL)ard tneetingws which include the monitoring of actual perforniance
against th¢5e plans. having meaningful indu¢tion I handow¢r for incoming directors, attending trairting days, seeking ihird
party advice as r¢quirtd. etc.
Finan¢ial'. considers the financial Capacity of the Charitj and ensuring it has the available financial resouTces to continue
to carry out its activities both now and in the years ahead. This incorporat¢5 the manageTh¢Dt of the operating Iday-t
dayl position, capital or building requiremenis and the reiurns eaTned on the Charity's investment ponfoli05. These risks
are mitigated in a v2ri¢ty of ways. including budgeting, the setting of an investment strategy l inN'esim¢nt objectives that
eon5id¢T diversity, pruden¢¢ and liquidity criteria, regular financial and invesirnent reporting agwainst budget. cash-flow
plannin& and the aprK)intrnent ofstewardship advisors where necessary.
Investment poli¢y
Thc C.harity's fLnan¢ial reseTVeS have been pla¢ed in long ierni investm¢Dts, Ihe PUTptsge of which is io provid¢
investment income io prornole the objective5 of the Charity and io Provide capital wowih over the long tertn. A
eonservative investrnent strategy has been adopted. In￿estment income and gains will be used in future to fund donation5
to furtheT ihe Charl￿ble objectives of the Chari￿. The5¢ Mnds have an eihical inv¢5tmeni screen.. they exclude COTnpanies
that ¢oniravene certain ethieal criteria and in m05t cases favour stocks that Provide wsitiwe benefits to the communiry.
These funds are likely to hold investments that ￿ Compatible with ihe Charity's erhos. In this regard. the investment
portfolio is screened according to the following criteria..
Dama8e to the environtnent
Infringement of human right5
Manufa¢illre of amiamenis and supplies to the military
Manufacture of anii-life pr(xlu¢is
Irteswnsible markeiiDg of breast milk sub5tLtutes
Stem cell research
CosTnetics t¢stin8 on animals
Gambling
Pornogrdphy
Tobacco
At 31 D¢cember 2020, £25.433,213 w&s held in investment funds. These fund5 aTr managed by Setanta Ass¢t
Mana¥emeni, Llnigesiion SA and Stale Street Global Advisors. In addiiion. funds lotallingy £3.648.864 were held on
investment deposit. The Direciors are satisfied with the investment perfomiance in the year.
AUDITORS
Mazars LLP were retained as ihe auditors for 2020.

EDMUND ￿CE BICENfEPINIAL TRiisf LIMffED
DIREcfoRS' RVJOAT It•#lknudl
Ywi ENDFJ>31 DECEMBER 2•20
STATEMINT OF DIRFUOPS, RLSPONSI&ILryigs
Z4pli¢*ble law a￿1 T¢8uifytwJ
Iwv¢ eJe&t¢d w kry>*re ts fiDanG]￿ with UniMI (iry*rtlly A¢¢ot¥Juns
Prxti¢¢ IUni¢d Kin8ik)m Accoun¢iTP8 Ststhdl and appli¢rJ)l¢ lawl. Undtt L<xt>tw law the dÈrttm rDLL¥t MII
yo¥¢ the fjnatKial 5tstrmw unless Iky •e Ihty 81¥¢ a tru¢ Jlxi tair VILV of It￿ *4t¢ uf aff￿r3 of tho
ComFfjny •¥1 of the pront or ofthc Cmkwly fiv *•t N*kl. In thw fiwKiaJ the dirLf1015
S¢￿ wi¢•bk ￿U￿(L￿￿1*YIl¢l¢s then
observe mdlth$ 2nd wincipln in the Chrritirs SORP;
at¢ 4)plic4bk UK Simdvd$ have beEn folknve4 ¥ubi¥¥# to any m*titit der*lw
dlsckpstyj and ¢xpl*ined in fv finthncial S￿¢￿e￿9.
will LX)ntirM%
The dIrcdo￿ we ￿5PJrtylbIe for keq>iD8 r¢4x)rd% t1￿ #r¢ sulTLLitht ￿ ¥lw and cxplwiti
J)mpBny's wjd di*kne with r¢4Lwnable x¢urncy w any timc thc finanLiat Fwilson of th¢ C4)mpw und
thm fin￿¢1¥1 stat¢mabts L*mply with the C4)rnpAryies Aa IIWJ.'llw rnwJ5ibl¢ fipr
the as5d> ofthe cOm￿Y ￿1¢¢ for tyking for th*aKT5) ul fra￿1
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¢ ￿8 rekvam ￿11 uf whiLh tk L4)mp*ry's audilor%AYL' UD•W8rr. thyj
the direaors kne takt• oyghE kn hve ILT make kn5tlvts awtyr of w. wjit
¢0 ¢swbliJh th¢ *e4ww¢ ofth& inf￿•1￿.
SMALI.COMPANY RULLg
Thi*ry(rf Iw in wlth ts SPL￿￿1 proviwi orp￿ 15 ofthe Cty)wio A&%21Mkn.
the Arrfil 2021 si8DA41)n tsir klwlf by
Griffi
Brcs CK)rthn

INDEPENDENT AUDITOR'S RF.POR1' TO THE
MEMBERS OF EDMIIND RICE BIC.ENTEYNIAL TRUST LIMITED
OpTrnlon
We have audii¢d the financial sthteTnents of Edmund Rice Bicentennial Trust Lirnited (the 'charity'l for the year ended
31 December ?020 which Comprise Stat¢meni of Financial Activities, Balance Sheet, Statement ofcashfloM5 and notes
to the financia] staiement5. including a surnmary of significant accounting wlicies. The financial rew)ning frarnewoTk
that has been applied in their preparation is applicable law and Llnited Kingdom Accounting StandaTd5, including FRS
102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland- ILnited Kingdom GenerJll}'
A¢c¢pled Accounting Practice}.
In ouropit)ion. the flnancial stateTnenis'.
give a ¢rue and fair view of the state of ¢he ¢harity'S affairs as at 30 December 2020 and of its income and
expenditUTe for the year then ended;
have been properly prepared in o¢cordance with United Kingdom Generally Accepted A¢¢ouniing Practic¢: and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinio
We conducted our audit in accordan¢e with International Standards on Auditing IUKI IISA5 IUKII and applicable law.
Our responsibiliiies under ih05e standards are lurther described in the Auditor's responsibilities for the audit of the
financial statements section of our retM)rt. W'e are independent of the Charity in accordance with the eihi¢al requirements
that are relevant to our audit of the financial ststern¢nts in (he UK, In¢luding the FRC'S Ethical Siandard and we have
fuifill¢d our other ¢thi¢al responsibilities in accordance with ih¢se requirements. We believe that the audit eviden¢e we
have obtained is s￿￿1¢1¢Al and appropriaie to provide a bosis for OUT opinion.
Conclusions relthting io going concern
In auditinil the financial statements, we have concluded that the irusiees, use of ihe going concern basis of accounring in
the preparation of the financial statemenis is appropriate.
Based on the work we have ￿TfO￿ed. we have not identified any material uncertainties relating lo events or conditions
that, individually or eolleciively, may c￿t significant doubt on the charilj's ability to con¢inlle as a going ¢on¢ern for a
period of ai least twelve months frotn when the rtnancial statettLertts are authoris¢d for is5UC.
Our responsibilities and the Tesponsibilities of the irustees with Tespeci io going con¢em are de5crib¢d in ihe relevant
seeiions of thi5 report.
Other informltio
The other infom)ation comprises the inforniation included in the Directors, Repon, other than ihe financial statements
2nd our audiioT'S T¢POrt ihereon. The trnsiees are responsible for the oth¢T infomiaiion. Our opinion on the finan¢ial
staiemenls doe5 not cover ihe other infomation and, except to ihe exieni otherwise explicitly staled in report. we do
not express any forni of assuran¢e conclusion thereon.
In coDne¢iion with our audi¢ of the fin8￿CIal si*ements, our r¢5ponsibility is to read the othcr inforrnation and. in doing
so, consider whether the oiher illformatitsn is materially inmnsisieni with the financial siatements or our knowledge
obtained in ihe Course of the audit, or otherwise appear5 to be maicrially misstaied. If we ideniify such tnaterial
inconsistencies or apparent material missiatement5. we are required to de¢emine wheiher there is a material misstatement
in ihe financial statement5 or a material Tllisstatemcnl of the oiher tnformation. If, based on the work we have perfornied.
we conclude ihat there is a material mi55tatement of this otheT infomiation. we are reqllired io re￿rt ihai faci.
We have noihing to retK)rt in this regard.
Opinions on other matters prestribed by the Cornpanies Act 2006
ln our opinion. based on the work undertaken in the ¢ollrse of the audit..
th¢ information given in the Direeiors, RekK)n which includes the TTUStee5 Report prepaTed for the purposes of
company law, foT the financial yrar for which the financial staiements are prepared is consistent with the
financial staiement5,' and
the Dire¢tors' Report has been prepared in accordan¢e with wpli¢able legal requir¢Tnents.

INDEPENDENT AUDITOR'S REPORT TO THE
MEMBERS OF EDMUND RICE BICENTENNIAL TRUST LIMITED Icontlnued)
Matters on which we are required to report by exeeption
In light of the knowledg7e and undersianding of the ¢harity and its ¢nvironmeni obtsined in the course of the audii, w¢
have not identified material misstatements in the Sirdiegic Rewrt or the Directors, Report included wi¢hin the Trustees.
Report.
We have nothing to report in r¢spect of the followtng Tnaners in relaiion io which the Companies Act 2006 requires us 10
report to you if, in our opinion..
adequaie and proper accounting records have not been kept, Or reiuTll5 adequate for our audit have not been
received from brartches noi vi511ed by us.. or
the financial statements a￿ noi In agreement with the accouniing Tecords and ret￿m5., or
cenain disclosures of trustees, remuneration specified by law are noi made,. OT
we have not received all the inforniation and explanations we require for OUT audit.
the trustees were not eniitltd to prepare the financial statements in a¢cordance with the small eompantes regime
and lake advantage of the stRall companies. exemption preparing the TTUSte¢s Report
Responsibilitie5 ofTrn5tees
As explained rnore full) in the trllstees. responsibilities stal¢ment set out on pag¢ 8, the Injsiees Iwho are also the
directors of the charitable company for the putposes ofcompany lawl are responsible for the preparation of the finan¢ial
statements and for being salisfjed that they give a true and fair view. and for such internal conirol as the rrusiees
d¢ternine is necessary to enable the preparation of finan¢ial staiernents that are f￿e from rnaterial misstatement, whether
due to fraud or error.
In preparing the financial statements. the trustces are respot15ible for &sse5sing the chariry's ability to continue as a going
concem, disclosing, as applicable, matters Telaied lo going concern and using the going concern basis of a¢couniing
unless the irusiees either intend to liquidate the charity or to ¢ea5e Operat￿0￿$, or have no realistic altemative but to do so.
Auditor'$ respoD5ibilities for the gudit of ihe financig15t3temtntS
Our objectiwe5 are to obtain reasonable assllrance about whether the financial statements as a whole are free frotn
material misstatenienr. whether due to fraud or erroT. and to issue an auditOT'S report th21 includes our opinion.
Reasonable assurance is a hiBh level of assurance bur is not a guarantee thai an audit condurted in dccordance with ISAS
IUKI will always detect a material misstatement when it exists. Misstaiements can arise from fraud thr em)r and afe
¢onsid¢T¢d material if. individually or in the a&gregaie, they could ￿asonablY be expeC￿d ro influence the ¢¢onomic
decisions of users takell on the basi5 of the financial siaiemenis.
Irregularities, including fralld, are in5tan¢es of non-compliance with laws and regulaiions. W'e design pro¢edures in line
with our respon5ibilitie5. outlined above, io dete¢1 material misstatements in Tespect of irreuulariiies. including fraud.
Based on our understanding of the charity and it5 a¢¢ivilies, we idetJtifJed that the principal risks of non-compliance with
law5 and regulations Telaled to the Chariries Aci 201 I, the Charities Statement of Recomrnended Practice. UK tax
legislaiion, anti-bribery. comiption and fraud. and tnoney laundering and we consid¢Ted the extent to which non-
compliance might have a material effect ort the fjnancial statement5. We also con5idere(I those laws and reg￿latiOnS ihat
have a direct impacr on the prepardtion of the financial siaietnents. such as the Companies Act 2006.
We evaluated the trusi¢e5 and Thana¥emeni's inceniivcs and oprM)rtuniiies for fraudulent manipulation of the financial
ststetnenis lincludin8 th¢ risk of override of wntrolsl and deteTmined thai the principal risks were related to management
bias through judgernenis and as5umplion5 in significant accounting e5ttmaies. in particular in relatjoti to Use ofr¢stri¢ted
fund5, and significant one-OtTor unusual traftsaciions.
Our audit procedllres were designed to Tespond lo ihose identified risks, including7 non-compllance with law5 and
Tegulaiions (l￿e8￿laTItle5} and fraud that are mat¢Tial 10 the tinancial statem¢n15. Our audit procedllre5 included bui were
not limited to..
Discussing with the trustees and management their policies and procedures regarding compliance with laws and
regulations;
Communi¢atirig identified laws and regulations throughout our engagement team and remaining alert to any
indications of non-compliance throughollt our audit.. and
Considering the risk of acts by the charity which were contrary to applicable laws and regulations. including fraud.
10

INDEPENDENT AIIDITOR'S REPORT TO THE
lE￿]BERs OF EDMblD RICL BICENTENNIAL TRIIST LIMITED Icontinuedl
Our audit prwedures in relation to fraud included but were noi limited to..
Making enquiries of the tnJste¢5 and management on whether they had knowledge of any actual. suspected or
alleged fraud,.
Gaining an understanding of the intemal controls established 10 mitigate risk5 related to frdud:
Discussing amongst the engagement team the risks of fraud: and
Addressing the risks of fraud through managemeni overrid¢ of controls by performing joumal entry iesiing.
There are inherent limitaiion5 in th¢ audit pro¢edure5 described aFM)ve and the primary reswnsibility, for the prevention
and detection of irregularittes in¢luding fraud rests with management. A5 Iiiih any audiL there remained a risk of non-
detection of irregularities, as these may involv¢ collusion. forgery. intentional omissions, misrepresentations or the
ove￿Ide of internal controls.
A further description of our respxjnsibilities for the audit of the financial stAtements is located on the Financial Reporting
Couttcil's websiie at www.
or
.uklauditor%res
nsibilities. This description forms part of our audiioT'5 report.
115e ofthe audit report
This report is made solely to the charity's members as a body in accordance with Chaptcr i of Part 16 of the Compat)ies
Act 2006. OUT audii work has been undertaken so that we might state to the ¢harity'5 members those matters we 3re
required to state to them tn an auditor's rewrt and for no other purpose. To the fullest extent pemiiied by law. we do not
accept or assume resrK)nsibility to an)one oiher than the Charity. arkd the charity's members as a body for our audit work,
for this rew)rt, or for the opinions we have forn>￿.
Signed..
Name.. Nicola Wakefjeld
(Senior Statutory Auditor)
for and on behalf of Mazars LLP
Chartered Accountants and Ststlltory Audi¢or
2nd Floor
6 Sutton Plaza
Sution Court Road
Sutton
SMI 4FS
IS s￿p￿￿￿È1202l

IYDEPENDEliT AI'DITOR'S REPORTTO THE
MEMBERS OF EDMI uf4D RICE BICEf*TENNIAL TRliST LIMITED (continued)
EDMUYD RICE BICENTENNIAL TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2020
Restricted
2020
Unrestricted
2020
Tot91
2020
Toi#l
2019
Note5
Income and endowments from:
DonatÉon5
Inyesiments
10,275
2,982
569.686
13.257
569,686
14.055
564,442
Totsl
10.275
72.668
582,943
578 497
Expenditur¢ on:
Raising funds
Charitable activities
118,902
827,866
118,902
841,686
147.295
2,034.840
13.820
TotHI:
13.820
960 588
? 18? 135
Net expenditure before gaiN5 011 IDvestrnents
13,5451
1374.1001
1377,6451
11,603.6381
Net gains on investments
730,655
730,655
1480,898
Net {expenditureyintome
13.5451
356,555
353.010
1122.7401
Trnn$fer5 between fund5
49.535
149,5351
llet movements in fund$
45,990
307.020
353.010
112? 740}
Reconciliation of funds:
Balance brought forward
27 788 824
27 878,152
28 000.892
Balance earried forward
£135,318
£18,095.844
£?8,231,16•
£27,878.152
All activities ar¢ Continuing. Th¢re are no recognised gains or losses other than as disclosed above.
The Siat¢m¢n¢ ofFinan¢ia] Aciiviii¢s in¢orporaies an income and expenditure account.
The notes on pages 15 ￿ 20 fom part of these financial stateTn¢nts.
12

1019
25.443213
3￿¥
25,993,056
1733.
29,081077
28,72&950
1.8YP
10291
CAth a¢
13J45
13J45
11178
ALwiats
(s64,4￿)
(S(rfI.9761
1850.91
{848.m)
T(yfAL ASSI75 LESSCURRENT
LIABIUTIES
27878 IJ2
135Jl¥
2&(¥15,8M
89.328
27.78&824
i•
£28
£27 87¥ 152
Ad #￿[[[￿ to 8wII w¢r¢aNxovrd by the Fk*rd of on 12* Awil 1121 on fvir
Id¥lf lry."
ICI(knd
13

ED￿luND RICE BICEiYTENNIAL TRUST LIMI ITED
STATEMENT OF CASHFLOWS
YEAR EYDEDJI DECEMBER2020
2020
Cash Flow$ from operating activities".
2019
Net movement in funds
Investment income
D¢crea5&11increa5el in debtors
Increase in creditors
Gain on investments
-15.1.010
1569,6861
1.887
3.484
730,655
11 ?2,7401
1564.44?
11.8871
691.796
1480,898
941,960
1.478,172
Cash Flow5 from inlesting ietivities
Dividend5 and interest from invesnnents
Purchase of investments
Proceeds of sale of investments
569.686
1287.8161
1 .$7¥.314
564,44?
1468,3171
5?4,619
Net tosh provided by investing activitie5
1.860,184
620.745
Ch4nge5 IR ¢ash and ¢4sh equival¢nt5 in the year
918,224
1857.4271
Cash and cash ¢quival¢nts at l January 2020
2.744,185
3,601,612
Cash and Cash ¢quivileDts 4t 31 December 2020
£3.662,409
£2.744,185
AP4ALI'SIS OF CASH AND CASH At l January
EQUIV.4LEYI TS
2020
Exehinge
MOve￿entS
Ai 31 Decernb¢r
2020
Cashfloiv
Investm¢n¢ deposit5
Cash at Bank
2,733,894
10,291
960.877
145,4)71
3.648,864
£2 744,185
£964.131
£145.9071
£3.662.409
14

EDMUND RICE BICENTENNIAL TRLIST LIMITED
NOTES TO THE FINANCIAL STATEMEf¥TS
YEAR ENDED 31 DECEMBER 2020
ACCOUNTING POLICIES
(a)
B1515 of i¢counting
The financial statements have been pr¢pared tn accordance with .4c¢ounting and Reporting by ChaTlties'.
Statement of Recornmended Practice applicable io charitie5 preparing their accounts in accordance with ihe
Financial Reporting Standard applicable to the LIK and Republic of Ireland IFRS I O?) leffevtive l January
20191- (Charities SORP IFRS 10211, the Financial Reponing Standard appli¢able in th¢ UK and Republic of
Ireland IFRS 1021. the Charities Act 2011 and Companies Act ?006.
Edtnund Rice Bicentenni￿ TtW5t Limited Tneets the deflnilion of a publi¢ benefli entity undeT FRS 102. A55ets
and liabilities are initially r¢cognised at histori¢al cost or transaciion value unless otherwise ststed in the
relevant accounting policy notelsl.
(b)
Prepar4tion of the *ccount$ 011 g going contern ba515
Having considcred future budgeis and c&sh flows, the iru5tees confirR] that they have no material un¢ertainti¢s
about the entity-s ability ts) continue as a going conceTn for th¢ foreseeable future. With respect ¢0 the next
reporting period, the most significant areas of unceriainty that affect the carryin8 value of assets held by Ihe
charity are the level of investment reium and the perfomiance of investment maTkeis. In making this asses5rneni
the Trusiees have considered thc l¢vel of reserves held and ihe low level ofnon-discretionary expenditure.
Icl
Income reeognitio
This COTnprises donation5 and investment income. All income 15 recognised once the charity h85 entitlement to
Ihe incorne, it is probable that the income will be received and the amouni of income can be measured reliably.
Lk)nations are recognised when the Charity ha5 been notified in writing of both ihe amount and settlement date.
In ihe event that a donation is subject to conditions Ihal require a level of performan¢e before the ¢harity is
entitled io ihe funds, the in¢ome is deferred and not recognised until those Conditions are fully mei, or the
fuifilmeni of thos¢ conditions is wholl). within the control of the charity and il is probable thai thos¢ conditio[15
will be fulfilled in the rep)rting period.
Investment incom¢ Is credited to income when it is receivable and the amouni can be measllred Teliably by the
¢harity' this is nomially upon noiifi¢ation of the inieresi paid or payable by the bank. Dividends are recognised
once the dividend has been declared and notification has been reeeiied of the dividend dll¢.
(d)
E¥penditure recogniiiort
Liabilities are recognised &s expenditure as soon as the￿ 15 legal or consiructive obligation committing the
charity io thai expenditure. il is probable that settlement will be required and the amouni of obligation can be
measured reliably.
Expenditure is recognised on an accruals basis a5 a liability is incurred, inclustv¢ of VA T, which cannoi be
recovered.
Chariiable activities comprise mainly of donations given and support costs.
Support costs have been allocated lo chariiabl¢ a¢tivitie5. Governance activities comprise or¥anisational
administraiion and compliance with constiiulional and 51alulory requiremertt5. Costs incllld¢ direct C05t5 of
external audit. legal fees and other professional advice
(e)
Foreign Currenoy
Assets and liabilities denominated in forei8n eurren¢i¢s are translaied ai the ￿¢5 of exchange rnling at the end
of the financial year. I'ransactions in tor¢ign curTencies are converi¢d into Sterling ai the rate of exchange ruling
on the dat¢ ofthe transactions. All profits and losses on exchan¥e are dealt with in ihe Stat¢tnent of Financial
A¢tivitle5.
15

EDMUND RICE BICEYTENNIAL TRL'sf LIMITED
NOTESTO THE FINANCIAL STATEMENTS (tolllinued)
I'EAR ENDED 31 DECEMBER 2020
(fj
Signifieant judgments and 50urees es¢imstion uncertiinty
In the view of the trustees in appl}Ing the a¢counting policie5 adopted, no judgements were required that have a
significant effe¢t on the amounts recogni5ed in the financial siatcmenis nor do any ¢stima*s or assumption5
made Cary a significant risk of material adjustTnenl in the n¢xi financial year.
Inveslrnents
(g)
Investments are a forni of basic financial instrument. They are initially recognis¢d al their tra￿SaCtion value and
subsequently valued al their fair value at the balance sheet date using the Llosing quoted maTket price. The
Staiemeni of Financial Activities in¢ludes th¢ net gains and losses arising on revaluation and disp05a15 throughout
the year.
(h)
Investment gains losses
All gains and losses are tsken to the Sraiernent of Financial Activities as the>, arise. Realised gains and losses on
invesiments are Lalculaied as the diffe￿￿¢¢ beNeen sales pr(K¢¢ds and opening markei value Ipurcha5e date if
later). Unrealised gains and losses are calculated as the difference between the rnark￿ value at the year end and ihe
opening market value lor purchased date if laierl.
Fund5
The Gene￿ funds of the Charity (both &sws and Tevenuel Comprise unrestricted income which the Trustee is free
to use in accordance with the Charitable objects.
Restricted fijnds are donations which the donor has specified ar¢ io be solely used for particular are&s of the
charity's work or specific proje¢ts undertaken by the ¢harity.
IJ)
Creditors and provisions
Creditors and provisions are recognised wh¢re the Charity has a pr¢sent obligation resulting from A past event that
will probably ￿sU11 irt the transfer of funits t() a third partv and the amount due 10 settle the obligation can be
Tneasured or estimated reliably. Creditors and provisions a￿ nomially recognised ￿ their 5¢tt1ement amount after
allowing for any thad¢ discounts due.
(k)
Financial in$trnments
The charity only has finan¢ial assets and fin&ncial liabilitle5 of a kind Ihat qualif) as basic financial insirum¢nt5.
Basic financial instruments are initially re¢ognised at transaction value and subsequently measured at their
settlement value.
Cash At b9nk Ind in hand
Cash at bank and in hand includes bank accounis. cash artd short terni highly liqllid inv¢5tm¢nts with a shon
maturity of three months or less frorn the date of acqllistiion or opening of the de￿$1¢ or similar account.
16

EDMLIND RICE BICENTEYNIAL TRUST LIMITED
NOTES TO THE FINA T+lCIAL STATEMENTS leontinuedl
YEAR ENDED31 DECEMBER 2020
INCOME
During the y*dr, the ¢harity received donations from various provin¢es of the C.ongregarion of Christian
Brothe￿ Province and other sources of £13,257 12019.. £14.0551. Inve51tnent incorne compHses income from
investments of £569,686 1?019.. £564,442). split between dividend income of £552.765 12019.. £498,672) and
iniere5t of £16,92212019.. £65.7701.
EXPENDITURE
2020
2019
Raisiftg funds
Ini'e5tment advisory fees
Advisory servi¢e5
Investment Managers Fees
82,299
i 0,000
76,603
98.044
10.069
39,182
£118.902
£147,295
CharitAble activities
Donations
Support costs
Governance costs- auditor's remuneration for audit 5¢r%'ices
Governance costs- auditor's remuneration for other services
817,372
247
9,570
14,497
2.017.785
3,597
6,108
7.350
841,686
2.034.840
£960.558
£2 182.135
Details of donatkons made are disclosed in the Trustees Repon.
srAFF COSTS
During the year. no staff were emploj'ed by the charity. 12019.. Nill. The charity's key management personnel are
its trusiee5 who re¢eived no remuneration during Ihe year. Trusiees travel expenses for the year ?020 were nil
12019.. £3.412}.
NET IlnSSES)/GAINS ON INVESTMENTS
202fl
2019
Realised & unrealised Ilossesygains
Exchange gain51{lossesl on inve5ttnents
1564.411}
1,295.066
1,797.282
316,384
£ 730.655
£ 1480.898
17

EDMUP4D RICE BICET+lTENNIAL TRLisf LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2020
FIXED ASSET INVESTMEIYTS
202
2019
MaTket Value
Market value at l January
Additions during ihe year
Disposal
25.W3.056
?87.816
1,618,551
24,568,460
468,317
524.619
24,662,320
24.51? 158
R¢altsed & unrealised gains
770,893
1.480,898
Market value al 31 December
£25,433,213
£25,993,056
P¢r¢¢ntage
of
Funds
The investments consist of the following listed
snvestments..
Funds held by Nomintt. L&P Alternatives Lid
Setanta F.thical Global Equity Fund
Unigestion SRI Global Equity Fund
12,991 ?97
6,411.9?9
6,029,987
51.080/4
25.21010
23.7 lQ/o
£25,433.213
100.oo/o
DEBTORS
20211
2019
Prepayment5 and accrued income
£1,887
CREDITORS: Amounts falling due within one yeAr
2020
2019
Accruals
£864,460
£860,976
18

EDMUND RICE BICENTENNIAL TRusf LIMITED
NOTES TO THE FINANCIAL STATEMENTS {continued
I'EAR ENDED 31 DECEMBER 2020
RESTRicfED FUNDS
At31
De¢embeT
2020
Janu8ry
2020
Ineome
Expenditure
Transfers
Latin American pr(>jects
African projects
Capital expenditur¢ fund
8.55?
28,960
51.816
285
9.990
14,9?21
18,8981
49,535
53.450
30.052
51,816
£89.328
£10275
13.8?0
£135,318
The Latin American projeet5. Oceania Projects and AfriLan projects resiricied funds represent donations for a
variety of specifjc projects in the above geographic regions.
Capital expenditur¢ fund is an amount se¢ aside for donations requests of a capital nature- no such request was
received durin8 the current yw.
Ii). UNRESTRICTED FIINDS
2020
Balance brought fotward
Net expenditure before investment gains
Transfer io restricted funds
Unrealised Ios5 on investment assets
Unrealised gain on foreign currency investments
27,788.824
1374,1001
149.5351
1564,4111
1.295 066
£28.09.5,844
NET ASSETS BY FUND
et
current
Assetsl
2020
Investrnents
Total
Restricted Fund5
Unrestri¢t¢d Funds
135,318
986.233
£8$0.915
135,318
28,095.844
£28.231.16?
29.082.077
£29.08?,077
2019
ei eurrent
Assttsl
Investments
Total
Resiricied Funds
Unrestricted Funds
89,328
938.126
£848.798
89,328
27,788.8?4
£27,878,152
28.7?6.950
£28.726.950
12. LIMITED LIABILITY
The ¢OTnpany is limited by guaraniee and has no shar¢ capital. Ev¢ry member of the company, of whorn there are
currently fiwe* guaraTh(ees io Contribute a maximum of £1 on winding up.
13. TAXATION
The company is a registered Charity and 15 not subje¢¢ to ¢OTPOrntion t&x or in¢ome tax on its charitsble activitles.

EDMUND RICE BIC.ENTENNIAL TRUST I.IMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2020
14.
RELATED PARTY TRANSACTIONS
There have been no ￿lated party transactions in either the current year or prior year. The nature of the ¢haTity. some
of whose dir¢ctOTS are Christian Brothers, 15 that li is funded by various Christian Brothers provinces and donaiions
are made to various Christian Brothers initia12ves in other parts of th¢ world.
Is.
FINANCIAL INSTRUMENTS
Total
2020
Total
2019
Fi￿anCIal assets me&sured by fair value
£29.082.077
£28,726.950
16.
POST BALANCE SHEET EVEPITS
There have be¢n no significant events affecting th¢ Charity since the year-end. However. the holding in the global
equity. fund rnanaged by Unigesiion have since been sold, and a new holding in the MSCI SRI Global Equity ETF
has been established.
20