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2020-12-31-accounts

MISSIONARY SISTERS OF ST. COLUMBAN CHARITABLE TRUST

Registered charity number in England & Wales: 1109103 OSCR registered charity number: SC040753

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST DECEMBER 2020

The Missionary Sisters of St. Columban Charitable Trust Legal and Administrative Details

Trustees Area Leader Area Bursar Principal Address

Sister Ursula Scullane Sister Susanna Choi Sister Anne Marie Smith Sister Mary McGuinness Sister Catherine Midgley Sister Catherine Midgley Sister Ursula Scullane

6/8 Ridgdale Street Bow London E3 2TW

Telephone Website Charity Registration No. OSCR Registration No. Independent Examiner

0208 980 3017 www.columbansisters.org 1109103 5C040753 Luke Holt FCA Moore Kingston Smith LLP Chartered Accountants Devonshire House 60 Goswell Road London EC1M 7AD

Principal Bankers Solicitors

Clydesdale Bank plc 154-158 Kensington High Street London W8 7RL Pothecary Witham Weld 84 Eccleston Square London SW1V 1PX

The Missionary Sisters of St. Columban Charitable Trust Table of Contents For the year ended 31st December 2020

Section Page Number
Report of the Trustees 1
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-14

Missionary Sisters of St. Columban Charitable Trust Report of the Trustees (continued) For the year ended 31st December 2020

The Trustees present the report and accounts of the Area of Britain and Northern Ireland of the Congregation of The Missionary Sisters of St. Columban Charitable Trust for the period 1st January 2020 to the 31st December 2020.

Introduction

The Missionary Sisters of St. Columban is an international Roman Catholic religious congregation. Founded in Ireland in 1922 where its Central House is still located, it is divided into eight Areas, all of which are linked and as such are not financially independent.

The accounts accompanying this report are the accounts of the charitable trust in which the assets of the Area of Britain and Northern Ireland are held. The financial statements comply with current legislation, the Trust Deed and the Statement of Recommended Practice "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 Charities SORP) published on 16 January 2014.

Mission

The object of the area of Britain and Northern Ireland of The Missionary Sisters of St. Columban is to advance the religious and other charitable work carried on by the members of the Congregation and to care for those members throughout their lives with the Congregation.

The Sisters confirm that they have complied with the duty in section 11 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.

Governance, structure and management reporting

Governance

In terms of Canon Law, the Congregation is governed at an international level by the Congregational Leadership Team, which consists of a Congregational Leader and three Councillors. They are elected every six years at a General Chapter.

The Area of Britain is governed by an Area Leader, who is elected by the members of the Area. She is chosen for her knowledge, understanding and experience of the needs of the Sisters and their ministries in the Area. She is in constant contact with the Sisters so is well aware of the progress, needs, or difficulties experienced by the Sisters.

Page: 1

Missionary Sisters of St. Columban Charitable Trust Report of the Trustees (continued) For the year ended 31st December 2020

In terms of Civil Law the charity is governed by a trust deed, dated 19th September, 2004 and is a Registered Charity — Charity Registration No. 1109103. As all trustees, as detailed within the legal and administrative details page, are members of the Congregation they have a detailed knowledge of the work of the charity and of its structure. Since our structure here is very simple they are well acquainted with it.

As the Trust operates in Scotland, registration with the Office of Scottish Charity Regulator was granted in August 2009. Our charity number is SC040753.

The names of the trustees are set out as part of the reference and administrative details on page 1 of this report; brief bibliographical details on each of the trustees are given below.

Sr. Mary McGuinness joined our Congregation in 1965. She is a qualified teacher, and Institutional Manageress. Sister has served on our Leadership Team for six years; apart from that she has spent her missionary life in Chile and Peru. She was appointed Congregation Treasurer in 2012.

Sr. Anne Marie Smith joined the Congregation in 1978. A qualified teacher, she was missioned in Peru, Chile and Ireland.

Sr. Catherine Midgley joined the Congregation in 1979. She is a qualified teacher who was missioned in Chile, Peru and China; she has also served on the Congregational Leadership Team.

Sr. Ursula Scullane also a qualified teacher was missioned in Hong Kong and mainland China. She is now the Area Treasurer.

Sr. Susanna Choi is a qualified nurse missioned in Myanmar for many years. She is now the Congregational Leader and, by virtue of this role, is an ex-officio trustee.

Trustees’ Responsibilities

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Charity law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year, and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. No payments have been made to the trustees for their work as trustees. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. No evidence of fraud was noticed during the year and there were no ongoing legal issues or litigation. During the year the trustees attended zoom conferences and seminars on legal and financial matters related to their role as trustees of the charity.

Page: 2

Missionary Sisters of St. Columban

Charitable Trust

Report of the Trustees (continued) For the year ended 31st December 2020

Structure and management reporting

The trustees meet, as required, to review everything with regard to the charity and its activities. When necessary, the trustees seek advice and support from the charity's professional advisors, including property consultants, solicitors and accountants.

In 2020 there were 7 Sisters in the Area of Britain. The Sisters engage in pastoral, social and other ministries. They have spent many years on our overseas missions; some are now in semi-retirement. Our communities are situated in East London and Bangor, Co. Down, Northern Ireland. There is also one Sister in Scotland (in Fortrose near Inverness). All the Sisters come together for at least two Assemblies each year to discuss matters relating to the Sister’s life, living requirements, and their ministries. These meetings are planned for and organized by the Area Leader. During 2020 meetings were held over zoom and supplemented by telephone calls. Matters related to the day to day running of each community are regularly discussed within the community.

Property

The houses/building in which the Sisters live in Bow (London) belongs to the charity, and they have no other property in the United Kingdom. The Sister in Fortrose lives in a rented house and the Sisters in Co. Down live in a parish house.

Activities

1. Caring for the members of the Congregation

As stated above under "Mission", the activities of the charity can be divided into three principal areas: caring for the members of the Congregation, the pastoral and social work of the Sisters, and the support of overseas missionary work.

The age profile of the members of the Congregation is increasing as the existing members are growing older and there are no new members joining in Britain. The age profile of the Congregation in the British Area is as follows:

51 to 60 age group - 1 Sister 61 to 70 age group - 1 Sister 71 to 80 age group - 4 Sisters Over 80 - 1Sister

The Congregation provides care for its members, none of whom has any personal resources. All the Sisters here have already devoted many years of service for the public benefit, in caring for the poor and marginalised as missionaries overseas, and in Britain since they retired. At present all but one are involved in ministries. The aim of the trustees is to enable all the sisters in the Area to continue with their individual ministries for as long as possible.

Page: 3

Missionary Sisters of St. Columban Charitable Trust Report of the Trustees (continued) For the year ended 31st December 2020

2. Social and Pastoral Work

During 2020 many of the social and pastoral activities were temporarily halted because of Covid restrictions. However, in most cases other ways of contributing were found, and in some cases, volunteer work was able to expand to include new areas of ministry through the medium of zoom and online gatherings. In all cases, contact has been maintained with the various organisations. Examples of voluntary work undertaken were:

One Sister who can speak Chinese does weekly welfare one to one visits as part of the ‘Chinese Buddy Programme’ to support the Chinese women who mostly have no or very little English. She also participates in some group activities and celebrations (see photo). This all continued until lockdown but contact has been maintained with Hibiscus, and some translation of documents has been done.

Page:4

Missionary Sisters of St. Columban Charitable Trust Report of the Trustees (continued) For the year ended 31st December 2020

One Sister is a member of this team and took advantage of the time of lockdown to do an online ‘Laudato Si Animators Course’ organised by the Global Catholic Climate Movement (GCCM) to train people in the teachings of the Catholic Church as regards care of God’s creation. She has become involved with many groups and networks seeking to raise awareness and take action as regards care for the earth and climate and ecological issues. These groups include GCCM Laudato Si Animators UK, Catholics for Christian Climate Action and the Catholic Climate and Ecological Emergency Network.

One Sister contributes reflections and other content to the parish website which is much appreciated.

One Sister conducted individual online preparation for adult baptisms.

All Sisters in the Area pay attention to human rights issues and to issues that affect the human dignity of individuals or groups. They are aware of and support the promotion of issues related to justice, peace and the integrity of creation.

The aims of the trustees in this area include:

Volunteers:

The Sisters advance the religious and charitable works of the charity. They receive no financial reward for this work. Some Sisters are also involved in the administration of the Congregation.

Safeguarding:

The trustees recognise the absolute necessity of ensuring the protection and safety of all those whom the members of the charity serve. This means that all but one Sister (who is in the process of registering) in Great Britain and Northern Ireland have obtained clearance from the relevant authorities: DBS (Disclosure and Barring Service - England & Wales), PVG (Protecting Vulnerable Groups – Scotland), Access NI (Northern Ireland) .

Page:5

Mlssionary Sistsrs of SL c0￿mban Charitable Trust Report of the Tntstees (continued) Forthe yearended 31st [knmI￿ 2020 The Natsonal Cknbc Safe￿arthg Commission the cathol￿ Sar￿art￿O Advisory servi￿ have b&en re￿aCed by the Catholr Safegwdng Standards Agery (England andwalesl. It is hopedthatthis new agency will be futy operalional by the end of June 2021 The Area leader and Safeguarding Lead have been attending the monthly online meetings org￿lsed by the ConfererKe of Rdig"ous. The Ststtts in the Area are kept irjformed about the cont¥nt olthese meetsry. The Trustees have Appointed Sr Ann8 Marie Srnith as the trLsteÈ respo￿&1? forsaleoLt8rth'ng. Grants are decided on by the Cowegabortal Leadershp Team and the ConYe￿b.0nal Treasurer. During 2020 as there was m aclw¢ l￿draISIrIJ in the Area of &rrtam donthn amwrts Donations that are designated for specrfjc mirllstries ￿ mission are. are 5ert to our Sisters lor th specifi needs In Myanmar. Paknst8n. the PMIFynes ar¥J Mexico Athl•vem•ntsand Perkn 1. Care ol Ihe Memlvs ofthe CornJwffjattf)'. The charity h8s 8fMJ continues to a￿st in every way the rr￿rntts ol the Coryrwati￿ in th￿1 charitaL4e rdioious AU tho &'sters were en8￿ed to fiThJ ty c￿inUe to wrxk h8Fply as voluntews in th•Y ¢￿SIn Thiritsty. I Sc¢W and Pa3tornl Agèin this year ¢xx Sisters were 8ctive ￿ mary fcrn ofsttid 8nd ￿0￿81 ￿)Ik wh8 makn.ro alIv•Mr￿S ané aptifVJ bÈeALtse of the c￿On8 MrLE rtstndion5. In Ihi8 way wo c4x$t￿lY leach out to so¢itty In general, Èenefittirg my doseryin9 p¢opIe. 3. Rlsk Man•q•m•nt The trustées looked 4t the vwious as detarfed in the Charrty Commi￿On gLMdelines. not all of thich afa applicable tts our srtuation We Sre ￿8[8 of rtsks arKI have taken note of them. Such as ee of our propety, regular house mamt•narLe. or•J wJe4uate house murarKe. GDPR The tru￿etss take their lega fespons tho irnplement8tion of the 2018 GDPR. registration ￿ up to d&e S9TKJV5￿ d dtscwèd the e have regLStered 86 a Data ovigions that are r8(pJirtd for ontroiler wrth the ICO and thg Futuré Plans.. The Charty's TrLtstees w￿1 eontinue thew present actMts to meetthe followybg objoctives.. • To for the Sisters and ¢nat4e Ihem to oui their pa5tcfal. St￿1 and chring mintstriss . To CCffiF4y with th￿r duty lo twe to iwefil gwIan￿, as they dwg . To ￿pOrt tho wtyk ofthe congr8got￿n in ow overseas mFAion8. R•s•rv•s Polky At 31st D￿ember 2020 the TrLtst had reserves of £565.433 of ￿lch £526,058 Is committwj to tangible assets The remairMrKJ ftee reserves held by the Trttst as at 31st Dtcember 2020 were £39, 375 Tl Sisters do ncrt tlieve rt apFxowate to hold free Teserves the of rewlar commurxty reqUIr￿j fcw the operation of each ol the house5 The current I￿e1 of reserves represwrts approximatdy 3 n￿)nt￿￿' r￿￿ar exr￿￿rtU￿ e5timalexl at vkni¢h the trL¢Stees ttr4nk ts an appropTiate l•vd. Fundingfromthe c(ffiarega¢K)ntakes Into ￿o￿ntfv reserves hekl bythech8rty at any point Approved bytl trustees s¥ned on thèir behal by Date.. Sr Ursula se￿Iane Area Treaswer & TrÈ￿e

Missionary Sisters of St. Columban Charitable Trust

Independent Examiner's Report For the year ended 31st December 2020

I report to the trustees on my examination of the accounts of the Missionary Sisters of St Columban Charitable Trust for the year ended 31st December 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act') and the Charities and Trustee Investment (Scotland) Act 2005 (the Acts) and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply.

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in accordance with Regulation 11 of the 2006 Accounts Regulations and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act and Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 or Regulation 8 of the 2006 Accounts Regulations other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Luke Holt (FCA, ICAEW) For and on behalf of Moore Kingston Smith LLP Chartered Accountants

Devonshire House 60 Goswell Road London EC1M 7AD

Date: 29 April 2021

Page 7

Missionary Sisters of St. Columban Charitable Trust

Statement of Financial Activities For the year ended 31st December 2020

Unrestricted
Note
funds
£
Income from:
Donations and legacies
2
11,339
Charitable activities
3
89,225
Total
100,564
Expenditure on:
Charitable activities
6
88,562
Total
88,562
Net income/(expenditure)
12,002
Funds Brought Forward
553,431
Funds Carried Forward
11
565,433		 Total
2020
£
11,339
89,225
100,564
88,562
88,562
12,004
553,431
565,435		 Total
2019
£
5,428
48,324
53,752
92,687
92,687
(38,933)
592,364
553,431

All activities derive from continuing operations.

All amounts for the current and preceding year were unrestricted.

The notes on pages 13 to 17 form part of these financial statements.

Page 8

Mlsslonary Slsters of SL Columban Charftable Trust Balance Sheet For the year ended 31st December 2020 2020 2019 IQ19 Tangib￿ Flx•d A•••l• 526.058 527.738 CurY•nt Aw•ts Prepa￿TrentS Cash at bank 8nd in haTh1 1,068 2B,50S 43.315 29.573 Cr•ditibfS: Amounts talltho du• within ono y•ar Accruèd expense# 3.940 3.880 3.880 N•t Curr•nt A•s•ts 39.375 25,693 Tot•1 AM•ts l••• Curr•nt LlablHtI•• 553 431 UAr•8irieitsd Fund8 565 433 552,431 Totsl Fund 10 not88 on pog89 10 to 14 fcm part of fina￿181 slatemwts.

nd Sign￿ on its bth¥f by..

Si5tor Ur5ul• S¢ull•n• Trustee Page 9

Missionary Sisters of St. Columban Charitable Trust Notes to the Accounts For the year ended 31st December 2020

1 Accounting Policies

Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2016.

The Trust is a Public Benefit Entity as defined by FRS 102.

Basis of Accounting

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

Going Concern Basis

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charitable entity’s forecasts and projections and have taken account of pressures on donation and investment income. After making enquiries the Trustees have concluded that there is a reasonable expectation that the charitable entity has adequate resources to continue in operational existence for the foreseeable future. When making this judgement the trustees have also considered the impact of COVID-19 on the charitable entity's finances, and the potenial ongoing effect of COVID-19 in the future. The Trustees have concluded that this does not affect their expectation that the charitable entity is a going concern for the foreseeable future. The charitable entity therefore continues to adopt the going concern basis in preparing its financial statements. There are no material uncertainties regarding going concern at the date of these financial statements.

Income

Income is accounted for on a receivable basis and when the Trust is entitled to the funds, the amount can be reliably measured and it is probable.

Expenditure

Expenditure is included on an accruals basis and is directly attributed to functions. Support costs have been allocated to the activities which they support. Governance costs include those costs incurred in the governance of the charity and are primarily associated with constitutional compliance and statutory requirements.

Page 10

Missionary Sisters of St. Columban Charitable Trust Notes to the Accounts (continued) For the year ended 31st December 2020

1 Accounting Policies (continued)

Tangible fixed assets

Assets costing more than £250 are capitalised in the accounts at their cost to the charity.

The charity has adopted a policy not to revalue its freehold properties and feels it is sufficient to disclose the property on a historical cost basis to give a true and fair view of its activities.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its expected useful live. The estimated life of motor vehicles and fixtures and fittings is considered to be five years, IT equipment three years and freehold buildings fifty years.

Fund Accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors. Expenditure for those purposes is charged to those funds.

Financial Instruments

Debtors and creditors

Debtors and creditors receivable or payable within one year of the reporting date are carried at transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest.

Included within the financial statements are financial assets of £981 (2019: £1,068) and financial liabilities of £3,940 (2019: £3,880), measured at amortised cost.

Critical accounting estimates and areas of judgement

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. There are no estimates that the Trustees consider would have a significant effect on the financial statements.

Page 11

Missionary Sisters of St. Columban Charitable Trust

Notes to the Accounts (continued) For the year ended 31st December 2020

2 Donations 2020 2019 £ £ Mission donations 11,339 5,428 3 Charitable Activities 2020 2019 £ £ Grants received 70,000 40,901 Retirement fund/Pensions 19,225 7,423 89,225 48,324

Page 12

Missionary Sisters of St. Columban Charitable Trust Notes to the Accounts (continued) For the year ended 31st December 2020

5 Summary of Resources Expended

Area administation
Bank charges
Books and magazines
Chapel
Charity contributions
Clothing
Fees
Food
Furniture
Household
Insurance
Repairs & maintenance
Medical
Personal needs
Post, stationery & phone
Recreation/vacation
Rent
Retreats/seminars
Travel
Utilities & council tax
Assemblies
Legal & professional
Governance costs (note 8)
6
Charitable activities
Direct community expenses (note 5)
Regional support costs (note 5)
Depreciation (note 9)		 Direct
Community
2020
£
5
2,269
410
3,576
1,924
17,281
2,977
5,092
1,804
6,327
2,501
1,945
4,706
1,004
6,600
3,513
2,356
8,216
1,139
73,645		 Direct
Community
2019
£
-
1,061
407
4,548
1,932
13,077
1,815
1,780
1,507
5,292
1,376
1,743
4,345
4,178
7,200
6,937
3,672
8,956
1,159
-
70,984		 Support
Costs
2020
£
2,000
390
-
2,940
5,330
2020
£
73,645
5,330
9,587
88,562		 Support
Costs
2019
£
5,075
1,227
4,391
2,879
13,572
2019
£
70,984
13,572
8,131
92,687

Page 13

Missionary Sisters of St. Columban Charitable Trust

Notes to the Accounts (continued) For the year ended 31st December 2020

7
Governance costs
Independent examination
8
Tangible Fixed Assets
Cost
At 1st January 2020
Additions
Disposals
At 31st December 2020
Depreciation
At 1st January 2020
Charge for the year
Eliminated on disposal
At 31st December 2020
Net Book Value
At 31st December 2020
At 31st December 2019		 Freehold Land
and buildings
£
616,490
-
-
616,490
95,769
6,165
-
101,934
514,556
520,721		 Fixtures and
Fittings
£
21,898
507
-
22,405
14,881
2,065
-
16,946
5,459
7,017		 2020
£
2,940
2,940
Motor
Vehicles
£
-
7,400
-
7,400
-
1,357
-
1,357
6,043
-		 2019
£
2,879
2,879
Total
£
638,388
7,907
-
646,295
110,650
9,587
-
120,237
526,058
527,738

All the fixed assets are used for the purpose of the Trust.

9 Trustees

No Trustee received any remuneration or was reimbursed expenses incurred specifically for duties as a Trustee in this year or last, but Trustees are also members of the congregation and their living expenses are funded on terms equal to all other members of the congregation.

The Trustees are considered to be the Key Management Personnel of the Charity.

10 Analysis of Net Assets between Funds

Fixed assets
Current assets
Current liabilities		 Total
2020
£
526,058
43,315
(3,940)
565,433		 Total
2019
£
527,738
29,573
(3,880)
553,431

Page 14