## ||||Page| |---|---|---|---| |Reports|||| |Legal and|administrative|information|| |Trustees'|report||| |Auditors'|report||12| |Accounts|||| |Statement|offinancial activities||13| |Balance sheet|||14| |Statement|ofcash flows||15| |Notes to the accounts|||16| |Legal and Administrative
Information|Legal and Administrative
Information||| |---|---|---|---| |Trustees|The Most Reverent Miceal O' Neill O.Carm.||| ||The Very Reverend|Carl Markelz O. Carm. ,BBA,MA|| ||The Very Reverend|Kevin Alban O. Carm. ,STB,MA, MTh, PhD|| ||(died 4'" May 2021)||| ||The Reverend Robert Colaresi||O. Carm. ,MA, MRS| ||The Reverend Francis Kemsley O. Carm.||| ||The Very Reverend|Christian|Korner O. Carm| ||Ms. Pauline Stuart MA (resigned 12'" July 2021)||| |Principal Office|Barclays House||| ||51Bishopric||| ||Horsham||| ||West Sussex||| ||RH12 1QJ||| |Charity Reg. N.|1123034||| |Company Reg. N.|6453716||| |Auditors|Borucki &Co.||| ||(Chartered
Accountants)||| ||42 Radnor Road||| ||Harrow Middlesex||| ||HA1 1RZ||| |Bankers|NatWest,||| ||47 Carfax,||| ||Horsham||| ||RH12 1FD.||| |Solicitors|Stone King LLP||| ||13Queen Square||| ||Bath||| ||BA12HJ||| ## ## ## ## ## ## |In 2021 160,166pieces of mail were sent out only to|In 2021 160,166pieces of mail were sent out only to|existing donors. The mailings|in 2021| |---|---|---|---| |were as follows|together
with the rate ofreturn for each|one:|| |Month|Appeal|Rate ofReturn in Replies|received| |January|Annual
Membership|23.65%|| |February|Easter Cards|54.13%|| |March|Between Friends Spring Newsletter*|8.97%|| |April|Bookmark|17.06%|| |May|Notepad
and pen|23.07%|| |June|Between Friends Summer Newsletter*|10.57%|| |July|Feast Day|25.98%|| |August|All Occasion Cards**|48.19%|| |September|All Souls Intentions|36.31%|| |October|Christmas
Cards|45.70%|| |November|Angels|33.27%|| ## ## ||2021|2020|2019|2018| |---|---|---|---|---| |Incoming resources|K1,173,622|K1,132,709|E1,031,525|K941,420| |Total expended|6916,883|6957,054|f.1,009,221|K837,650| |Net|%+256,739|+f175655|+f22,304|+%103,770| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |for the year ended 31|Decembe|r 2021|||||||| |---|---|---|---|---|---|---|---|---|---| |||General|Development|Restricted|Total|Total|General|Development|Restricted| ||Notes|fund|fund|fund|2021|2020|fund|fund|fund| |Income|||||||||| |Voluntary
income|||||||||| |Donations||1,006,676||106,146|1,112,822|1,054,045|1,054,045||| |Legacies||14,001|(4,899)||9,102|12,400|12,400||| |Investment
income|||||||||| |Dividends|||44,957||44,957|35,901||35,901|| |Interest||3|||3|2|2||| |Other income||4,796|||4,796|8,605|8,605||| |Profit on exchange||||||21,756|21,756||| |Furlough
grants||1,942|||1,942|7,968|7,968||| |Total income||1,027,418|40,058|106,146|1,173,622|1,140,677|1,104,776|35,901|| |Expenditure|||||||||| |Raising funds|||||||||| |Fundraising
expenditure||782,143|||782,143|815,628|815,628||| |Charitable
activities|||||||||| |Donations||120,968||4,396|125,364|129,918|123,772|5,000|1,146| |Governance
costs||9,376|||9,376|11,508|11,508||| |Total expenditure||912,487||4,396|916,883|957,054|950,908|5,000|1,146| |Total income less expenditure||114,931|40,058|101,750|256,739|183,623|153,868|30,901|(1,146)| |Net gains (losses) on investmen|8||159,599||159,599|(91,018)||(91,018)|| |Net income (expenditure)|||||||||| |before transfers||114,931|199,657|101,750|416,338|92,605|153,868|(60,117)|(1,146)| |Transfers between funds|||||||||| |||114,931|199,657|101,750|416,338|92,605|153,868|(60,117)|(1,146)| |Net movement
in funds||114,931|199,657|101,750|416,338|92,605|153,868|(60,117)|(1,146)| |Balances brought forward 1January||602,964|1,537,966||2,140,930|2,048,321|449,092|1,598,083|1,146| |Balances carried forward 31December||717,895|1,737,623|101,750|2,557,268|2,140,926|602,960|1,537,966|| ## ||||Notes||2021||2020| |---|---|---|---|---|---|---|---| |Fixed assets|||||||| |Tangible assets|||||509||7,396| |Investments|||||1,706,833||1,502,277| ||||||1,707,342||1,509,673| |Current assets|||||||| |Debtors|||9|97,189||91,215|| |Cash at bank|and in|hand||796,555||603,985|| |||||893,744||695,200|| |Creditors: amounts||falling due within one|||||| |year|||10|(43,818)||(63,947)|| |Net current|liabilities liabilities||||849,926||631,253| |Total assets|less current liabilities||||2,557,268||2,140,926| |Total net assets|||||2,557,268||2,140,926| |Represented|by:||||||| |Funds and reserves|||||||| |Unrestricted|funds||||||| |General funds|||||717,895||602,964| |Designated|funds||||1,737,623||1,537,966| ||||||2,455,518||2,140,930| |Restricted funds|||12||101,750||| ||||||2,557,268||2,140,930| ## ## ||||Note|2021|2020| |---|---|---|---|---|---| |Cash used in operating
activities|||A|192,563|173,533| |Cash flows from investing
acivities|||||| |Investment
income||||44,960|35,903| |Purchase offixed assets|||||(1,019)| |Purchases ofinvestments||||(44,918)|(35,277)| |Cash provided
(used) in investing|activities|||42|(393)| |Decrease in cash and cash equivalents||in year||192,605|173,140| |Movement
in year|||||| |(Decrease) increase in cash at bank and in hand||||192,570|173,761| |(Decrease) increase in cash held|in Building Society|||40|(621)| |||||192,610|173,140| ## |||2021|2020| |---|---|---|---| |Net movement
in|funds|416,338|92,605| |Deduct investment|income|(44,960)|(35,903)| |Add depreciation|and amortization|6,887|12,483| |Add/(deduct)
net|movement
on investments.|(159,599)|91,018| |Increase (decrease) in creditors||(20,129)|(7,263)| |(Increase) decrease in debtors||(5,974)|20,593| |||192,563|173,533| ## ## ## ## ## |||||General||||General|| |---|---|---|---|---|---|---|---|---|---| |4|Cost ofgenerating|funds||Fund|Funds|2021|2020|Fund|Funds| ||Fundraising|||||g|||| ||Mailing production|and disnibution|(note 5)|316,451||316,451|358,791|358,791|| ||Donor lists and database|||10,447||10,447|8,441|8,441|| ||Fulfilment
materials|||5,700||5,700|33,646|33,646|| ||Premises|||71,806||71,806|68,784|68,784|| ||Employees|||165,000||165,000|153,978|153,978|| ||Promotional
events|and advertising||15,402||15,402|17,050|17,050|| ||Website costs|||10,034||10,034|10,656|10,656|| ||Office expenses|||169,007||169,007|164,282|164,282|| |||||782,143||782,143|815,628|815,628|| |5|Mailing production|and distribution|||||||| ||Acquisition||||||||| ||House|||||316,451|358,791||| |||||||316,451|358,791||| ||||||||General|||||||General||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |6|Governance
costs||||||Fund|||Funds|2021||2020|Fund|Funds|| ||||||||||||||g|||| ||Auditors
remuneration||||||5,600||||5,600||5,600|5,600||| ||Accountancy
fees||||||3,776||||3,776||5,892|5,892||| ||Trustees travel and subsistence||||||||||||16|16||| ||||||||9,376||||9,376||11,508|11,508||| ||Trustees travel and subsistence|||comprises||the travel,|accommodation||and|subsistence|costs of trustees||who are members of the Carmelite|||Order.| ||Expenses are incurred|while attending|||trustees and management|||meetings||and while|on inspection|visits|to projects|being funded.||| |7|Tangible fixed assets|||||||||||||Furniture||| |||||||||||||Leasehold||alld||| |||||||||||||improvement||Equipment|Total|| ||Cost|||||||||||||||| ||At 1 January 2021||||||||||||137,473|7,631||145,104| ||Additions|||||||||||||||| ||Disposals|||||||||||||(3,012)||(3,012)| ||At 31December 2021||||||||||||137,473|4,619||142,092| ||Depreciation|||||||||||||||| ||At 1 January 2021||||||||||||(131,741)|(5,967)|(137,708)|| ||Charge for the year||||||||||||(5,732)|(1,155)||(6,887)| ||On disposals|||||||||||||3,012||3,012| ||At 31December 2021||||||||||||(137,473)|(4,110)|(141,583)|| ||Net book value|||||||||||||||| ||At 31December 2021|||||||||||||509||509| ||At 31December 2020||||||||||||5,732|1,664||7,396| |8|Investments|||||||||||||2021||2020| ||Listed Investments|||||||||||||||| ||Market value at 1 January||2021|||||||||||1,302,277|1,358,018|| ||Additions
at cost|||||||||||||44,918||35,277| ||Gain (loss) in year|||||||||||||159,598||(91,018)| ||Market value at 31December 2021|||||||||||||1,506,793|1,302,277|| ||On deposit|||||||||||||200,040|200,000|| |||||||||||||||1,706,833|1,502,277|| ||Cost oflisted investments||at 31|December||2021||||||||1,018,965|1,013,190|| ## |9|Debtors||||||2021|2020| |---|---|---|---|---|---|---|---|---| ||P repayments||||||45,955|46,537| ||Sundry debtors||||||138|5,778| ||Prepaid materials||||||42,470|31,928| ||Income tax recoverable||||on donations||8,626|6,972| ||||||||97,189|91,215| |10|Creditors:|amounts||falling due within one year|||2021|2020| ||Other taxes|and social|||security||3,299|3,706| ||Expense creditors||||||39,117|56,342| ||Other creditors||||||1,402|3,899| ||||||||43,818|63,947| |11|Designated|funds||||||At 31| ||||||At 1 January|Incoming|Utilised/|December| ||||||2021|resources|realised|2021| ||Development|fund|||1,537,966|40,058|159,599|1,737,623| ||The development||fund||consists offunds set aside to allow for the long term funding ofprojects.|||| |12|Restricted funds|||||||At 31| ||||||At 1 January|Incoming|Utilised/|December| ||||||2021|resources|realised|2021| ||Diamond
fund|||||100,000||100,000| ||Peru|||||1,500||1,500| ||Timor|||||4,646|(4,396)|250| |||||||106,146|(4,396)|101,750| |Analysis ofnet as|sets between funds||||| |---|---|---|---|---|---| |||General|Designated|Restricted|| |||fund|funds|funds|2021| |Tangible fixed assets||509|1,706,833||1,707,342| |Current
assets||761,204|30,790|101,750|893,744| |Creditors: amounts|falling due||||| |within one year||(43,818)|||(43,818)| |||717,895|1,737,623|101,750|2,557,268|