|Reports||
|---|---|
|Referenceandadministrativeinformation|1|
|Trustees'report|2|
|Independentauditor'sreport|21|
|Financialstatements||
|Statementoffinancialactivities|26|
|Balancesheet|27|
|Statementofcashflows|28|
|Principalaccountingpolicies|29|
|Notestothefinancialstatements|33|





## 

|Trustees|SisterAileenKennedy|
|---|---|
||SisterJoanGeoghegan|
||SisterMaryMcCloskey|
|SuperiorDelegate|SisterMaryMcCloskey|
|Delegationbursar|SisterAileenKennedy|
|Administrativeoffice|24LongdownLaneNorth|
||Ewell|
||Epsom|
||Surrey|
||KT173JQ|
|Charityregistrationnumber|1133012|
|Companyregistrationnumber|7003646(EnglandandWales)|
|Auditor|BuzzacottLLP|
||130WoodStreet|
||London|
||EC2V6DL|
|Solicitors|StoneKingLLP|
||13QueenSquare|
||Bath|
||BA12HJ|
|Investmentmanagers|RathboneUnitTrustManagementLimited|
||8FinsburyCircus|
||London|
||EC2M7AZ|
|Bankers|HSBCBankplc|
||54HighStreet|
||Epsom|
||Surrey|
||KT198DS|





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|•|Providecomprehensivetrainingthatallowspsychosocialandprofessionaldevelop<br>thatallowsthemtofacethefuturewithautonomy.|Providecomprehensivetrainingthatallowspsychosocialandprofessionaldevelop<br>thatallowsthemtofacethefuturewithautonomy.|
|---|---|---|
|•|Covertheordinaryexpensesofthelifeandoperationofthehouseinayear.||
||Food|€9,000|
||Clothesandutensils|€6,000|
||Gas,electricityandwater|€5,500|
||Schoolsuppliesandscholarshipsforexternalgirls|€10,000|
||Doctorandpharmacy|€800|
||Transportandmaintenanceschoolbus|€4,500|
||Workers'salary|€2,000|
|||€37,800|



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|||||2021|||2020|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|<br>funds|funds|funds|funds|funds|
||Notes|£|<br>£|£|£|£|£|
|Incomefrom:||||||||
|Investmentsandinterestreceivable|1|<br>198,153|29,060|227,213|202,603|28,838|231,441|
|Otherincome:||||||||
|.Miscellaneousincome||353|—|353|—|—|—|
|.Exchangegainonbanktransfer||—|—|—|1,022|-|1,022|
|Totalincome||198,506|29,060|227,566|203,625|28,838|232,463|
|Expenditureon:||||||||
|Raisingfunds||||||||
|.Investmentmanagementfees||15,785|2,314|18,099|13,959|2,047|16,006|
|Charitableactivities||||||||
|.Supportofmembersofthe||||||||
|Congregationandtheirministry||||||||
|togetherwiththereliefofpovertyand||||||||
|theadvancementofeducationor||||||||
|religionconnectedwiththeRoman||||||||
|Catholicfaith|2|186,662|-|186,662|308,316||308,316|
|Totalexpenditure||202,447|2,314|204,761|322,275|2,047|324,322|
|Netincome(expenditure)beforenet||||||||
|investmentgains|4|(3,941)|26,746|22,805|(118,650)|26,791|(91,859)|
|Netgainsonlistedinvestments|6|637,840|93,551|731,391|142,033|25,660|167,693|
|Netincomeandnetmovementin||||||||
|funds||633,899|120,297|754,196|23,383|52,451|75,834|
|Reconciliationoffunds:||||||||
|Totalfundsbroughtforwardat1||||||||
|January2021||7,606,508|1,122,572|8,729,080|7,583,125|1,070,121|8,653,246|
|Totalfundscarriedforwardat31||||||||
|December2021||8,240,407|1,242,869|9,483,276|7,606,508|1,122,572|8,729,080|





|||2021|2021|2020|2020|
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixedassets||||||
|Listedinvestments|6||9,289,593||8,562,494|
|Currentassets||||||
|Debtors|7|1||||
|Cashatbankandinhand||205,476||176,708||
|||205,477||176,709||
|Liabilities||||||
|Creditors:amountsfallingdue||||||
|withinoneyear|8|(11,794)||(10,123)||
|Netcurrentassets|||193,683||166,586|
|Totalnetassets|||9,483,276||8,729,080|
|Thefundsofthecharity:||||||
|Restrictedfunds|9||1,242,869||1,122,572|
|Unrestrictedfunds||||||
|.Generalfund|||1,340,407||1,252,395|
|.Designatedfunds|10||6,900,000||6,354,113|
||||9,483,276||8,729,080|







## 

|||2021|2020|
|---|---|---|---|
||Notes|£|£|
|Cashflowsfromoperatingactivities:||||
|Netcashusedinoperatingactivities|A|(202,737)|(320,197)|
|Cashflowsfrominvestingactivities:||||
|Investmentincomeandinterestreceived||227,213|231,503|
|Purchaseofinvestments||(13)|(69,827)|
|Proceedsfromthedisposalofinvestments||81|11,591|
|Netcashprovidedbyinvestingactivities||227,281|173,267|
|Changeincashandcashequivalentsintheyear||24,544|(146,930)|
|Cashandcashequivalentsat1January2021|B|180,933|327,863|
|Cashandcashequivalentsat31December2021|B|205,477|180,933|
|Notestothestatementofcashflowsfortheyearto|31December2021.|||



||||2021|2020|
|---|---|---|---|---|
||||`£`|`£`|
||Netmovementinfunds(asperthestatementoffinancialactivities)||754,196|75,834|
||Adjustmentsfor:||||
||Gainsonlistedinvestments||(731,391)|(167,693)|
||Investmentincomeandinterestreceivable||(227,213)|(231,441)|
||Increaseincreditors||1,671|3,103|
||Netcashusedinoperatingactivities||(202,737)|(320,197)|
|B|Analysisofcashandcashequivalents||||
|||At1||At31|
|||January||December|
|||2021|Cashflows|2021|
||Cashatbankandinhand|176,708|28,768|205,476|
||Cashheldbyinvestmentmanagers|4,225|(4,224)|1|
||Totalcashandcashequivalents|180,933|24,544|205,477|





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|||2021|||2020|
|---|---|---|---|---|---|
||Unrestricted<br>funds<br>Restricted<br>funds|Total<br>funds|Unrestricted<br>funds|<br> <br>Restricted<br>funds|Total<br>funds|
|||£|£|<br>£||
||Investmentincome|||||
||.UKlistedinvestments<br>198,138<br>29,060|227,198|202,172|<br>28,838|231,010|
||Bankinterest<br>15<br>-|15|431|<br>-|431|
||198,153<br>29,060|227,213|202,603|<br>28,838|231,441|
|2|Expenditureon:SupportofmembersoftheCongregationand|||theirministrytogether||
||withthereliefofpovertyandthepromotionofeducationorreligioninconnection|||||
||withtheRomanCatholicfaith|||||
|||||Unrestricted|funds/|
|||||Totalfunds||
|||||2021|2020|
|||||`£`|`£`|
||Provisionofgrantsanddonations(seebelow)|||171,641|293,057|
||Supportandgovernancecosts(note3)|||15,021|15,259|
|||||186,662|308,316|
||Grantsanddonationsduringtheyearcomprised:|||||
|||||Unrestricted|funds/|
|||||Totalfunds||
|||||2021|2020|
|||||`£`|`£`|
||Amountspaidtoinstitutions|||||
||SupportofmissionsandprojectsoftheCongregationoverseas|||||
||.ConstructionofahighschoolinKinshasa,DemocraticRepublicof|||||
||Congo|||21,854|74,060|
||.AssistancetothecommunityinMozambique|||32,896||
||AssistancetothecommunityinBolivia|||25,918||
||.AssistancetothecommunityinCalcutta|||3,446||
||.AssistancetothecommunityinBagong,Silang,Manila(Philippines)||||20,127|
||AssistancetothecommunityinBatamIsland,Indonesia||||80,015|
||Supportofsistersandtheprovisionofcareforthesickandolder|||||
||membersoftheCongregationinIreland|||26,370|56,344|
||ContributiontotheCongregation'sGeneralatetosupportthework|||||
||oftheCongregationgenerally|||||
||.Annualdonation|||60,000|61,142|
|||||170,484|291,688|
||Donationstootherorganisations|||||
||AymerFoundation|||1,157|1,369|
|||||171,641|293,057|





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## 

|Supportandgovernancecosts|||
|---|---|---|
||Unrestrictedfunds/||
||Totalfunds||
||2021|2020|
||`£`|`£`|
|Legalandprofessionalfees|6,468|7,393|
|Governancecosts|6,420|5,940|
|Trustees'meetingexpenses|562|600|
|Otherexpenses|1,571|1,326|
||15,021|15,259|
|Netincome(expenditure)beforenetinvestmentgains|||
|Thisisstatedaftercharging(crediting):|||
||2021|2020|
||`£`|`£`|
|Foreignexchangegains||(1,022)|
|Auditor'sremuneration(includingVAT)|||
|.Statutoryauditservices:Current year|6,120|5,820|
|Previousyear|300|120|



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|Investments|||
|---|---|---|
||2021|2020|
||`£`|`£`|
|Listedinvestments|||
|Fair(market)valueat1January2021|8,558,269|8,332,340|
|Additionsatcost|13|69,827|
|Disposalsatbookvalue|||
|.Saleproceeds|(81)|(11,591)|
|.Realisedlosses||(809)|
||(81)|(12,400)|
|Netunrealisedinvestmentgains|731,391|168,502|
|Fair(market)valueat31December2021|9,289,592|8,558,269|
|Cashheldbyinvestmentmanagersforre-investment|1|4,225|
||9,289,593|8,562,494|
|Costoflistedinvestmentsat31December2021|6,398,395|6,398,442|





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|Debtors|||
|---|---|---|
||2021|2020|
||£|£|
|Interestreceivable|I|1|



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|Creditors:amountsfallingduewithinoneyear|||
|---|---|---|
||2021|2020|
||£|£|
|Othercreditorsandaccruals|11,794|10,123|
|Restrictedfunds—TheGeneralatefund|||
||2021|2020|
||£|£|
|At1January2021|1,122,572|1,070,121|
|Netmovementsinyear|120,297|52,451|
|At31December2021|1,242,869|1,122,572|



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|specificpurposes:|||||
|---|---|---|---|---|
||At1||Released/|At31|
||January<br>2021<br>£|Designated<br>intheyear<br>£|utilised<br>intheyear<br>£|December<br>2021<br>£|
|Congregationalfund|144,113|-|(144,113)|—|
|Missionfund|750,000|250,000|-|1,000,000|
|Retirementreserve|5,460,000|440,000|-|5,900,000|
||6,354,113|690,000|(144,113)|6,900,000|
||At1||Released/|At31|
||January<br>2020|Designated<br>intheyear|utilised<br>intheyear|December<br>2020|
||£|£|£|£|
|Congregationalfund|295,245|4,197|(155,329)|144,113|
|Missionfund|750,000|-|-|750,000|
|Retirementreserve|5,390,000|70,000|-|5,460,000|
||6,435,245|74,197|(155,329)|6,354,113|





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## 

|Analysisofnetassetsbetweenfun|ds||||
|---|---|---|---|---|
||General|Designated|Restricted|Total|
||funds|funds|funds|2021|
||£|£|£|£|
|Fundbalancesat31December2021|||||
|arerepresentedby:|||||
|Investments|1,201,298|6,900,000|1,188,295|9,289,593|
|Netcurrentassets|139,109||54,574|193,683|
|Totalnetassets|1,340,407|6,900,000|1,242,869|9,483,276|
||General|Designated|Restricted|Total|
||funds|funds|funds|2020|
||£|£|£|£|
|Fundbalancesat31December2020|||||
|arerepresentedby:|||||
|Investments|1,113,173|6,354,113|1,095,208|8,562,494|
|Netcurrentassets|139,222||27,364|166,586|
|Totalnetassets|1,252,395|6,354,113|1,122,572|8,729,080|





## 

||2021|2020|
|---|---|---|
||`£`|`£`|
|Totalunrealisedgainsonlistedinvestmentsat31December2021|2,891,197|2,159,827|
|Reconciliationofmovementsinunrealisedgains|||
|Unrealisedgainsat1January2021|2,159,827|1,994,276|
|Less:Gainsrealisedondisposaloflistedinvestments|(21)|(2,951)|
|Netgainsarisingonrevaluationoflistedinvestments|731,391|168,502|
|Totalunrealisedgainsat31December2021|2,891,197|2,159,827|



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