2021-12-31-accounts

Trustees		Rev M Corcoran	MHM	MHM
		Rev A Mukulu MHM
		Rev J Lindero MHM
		Rev G Hastie MHM
Charity number		1148980
Company	number	00487520
Principal	address	Po Box3608
		StJoseph's Parish		Centre
		Cookham Road
		Maidenhead
		SL6 7EG
Auditor		Robson Laidler	Accountants		Limited
		Fernwood House
		Fernwood Road
		Jesmond
		Newcastle Upon	Tyne
		Tyne and Wear
		England
		NE2 1TJ
Bankers		Royal Bank of Scotland pic
		62-63Threadneedle		Street
		London
		EC1A9BD
Solicitors		Pothecary Witham		Weld
		70 St George's	Square
		London
		SW1V3RD
Investment	advisors	Brewin Dolphin	Limited
		12 Smithfield Street
		London
		EC1A9BD
		Charles Stanley	&Co Ltd
		55 Bishopsgate
		London
		EC2N 3AS

		Page
Trustees' report		1-5
Independent auditor's	report	6-8
Statement offinancial	activities	9-10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-21

Current financial	Current financial	year
					Unrestricted	Restricted	Total	Total
					funds	funds
					2021	2021	2021	2020
				Notes		8	8	F
Income and endowments			from:
Donations and	legacies			2	2,149,854	17,154	2,167,008	1,962,549
Investments				3	1,062,457	28,324	1,090,781	1,008,525
Other income					4,295		4,295	2,599
Total income					3,216,606	45,478	3,262,084	2,973,673
~E* dit
Raising funds				4	187,764	15,444	203,208	169,270
Charitable activities				5	2,992,771		2,992,771	3,313,793
Total resources expended					3,180,535	15,444	3,195,979	3,483,063
Net gains/(losses)		on investments			4,230,795	47,577	4,278,372	1,705,431
Net incoming	resources		before transfers		4,266,866	77,611	4,344,477	1,196,041
Gross transfers	between		funds		(34,275)	34,275
Net movement	in	funds			4,232,591	111,886	4,344,477	1,196,041
Fund balances	at 1 January 2021				49,739,693	768,103	50,507,796	49,311,755
Fund balances	at	31 December 2021			53,972,284	879,989	54,852,273	50,507,796

Prior financial	year
					Unrestricted	Restricted	Total
					funds	funds
					2020	2020	2020
				Notes	E	E	E
Income and endowments			from
Donations and	legacies			2	1,938,961	23,588	1,962,549
Investments				3	990,740	17,785	1,008,525
Other income					2,599		2,599
Total income					2,932,300	41,373	2,973,673
~E* dit
Raising funds				4	160,043	9,227	169,270
Charitable activities				5	3,313,793		3,313,793
Total resources expended					3,473,836	9,227	3,483,063
Net gains/(losses) on investments					1,668,301	37,130	1,705,431
Net incoming	resources	before transfers			1,126,765	69,276	1,196,041
Gross transfers	between	funds			59,762	(59,762)
Net movement	in funds				1,186,527	9,514	1,196,041
Fund balances	at 1 January		2020		48,553,166	758,589	49,311,755
Fund balances	at 31 December 2020				49,739,693	768,103	50,507,796

					2021	2020
				Notes	6
Fixed assets
Tangible assets				10	4,983,312	4,986,344
Investment	properties			11	2,480,000	2,480,000
Investments				12	45,083,875	40,039,332
					52,547,187	47,505,676
Current assets
Debtors				13	665,797	336,260
Cash at bank and		in	hand		2,802,625	3,778,746
					3,468,422	4,115,006
Creditors:	amounts		falling due within
one year				14	(1,163,336)	(1,112,886)
Net current	assets				2,305,086	3,002,120
Total assets less		current liabilities			54,852,273	50,507,796
Income funds
Restricted	funds			15	879,989	768,103
Unrestricted	funds				53,972,284	49,739,693
					54,852,273	50,507,796

					2021	2020
				Notes	6
Cash flows from operating		activities
Cash absorbed by operations				18	(1,300,731)	(1,227,397)
Investing	activities
Purchase	oftangible fixed assets					(14,249)
Purchase	of investments				(7,750,846)	(9,344,816)
Proceeds	on disposal of investments				6,984,675	8,005,079
Investment	income received				1,090,781	974,037
Net cash	generated from/(used		in)
investing	activities				324,610	(379,949)
Net cash	used in financing	activities
Net decrease in cash and		cash	equivalents		(976,121)	(1,607,346)
Cash and	cash equivalents	at beginning		ofyear	3,778,746	5,386,092
Cash and	cash equivalents	at end of		year	2,802,625	3,778,746

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021 6	2021 6	2021	2020 F	2020 f	2020f
Donations				788,603	17,154	805,757	552,116	23,588	575,704
Legacies	receivable			269,103		269,103	163,493		163,493
Masses said				20		20	9,765		9,765
Salanes, pensions	stipends		and				1,497		1,497
Contributions		from
overseas				1,092,128		1,092,128	1,212,090		1,212,090
				2,149,854	17,154	2,167,008	1,938,961	23,588	1,962,549
Investments
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021	2021	2020	2020	2020
				6	6		6
Dividends	received			1,002,320	28,324	1,030,644	951,118	17,785	968,903
Rents received				60,102		60,102	36,515		36,515
Interest receivable				35		35	3,107		3,107
				1,062,457	28,324	1,090,781	990,740	17,785	1,008,525

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	202'I	2021	2020	2020	2020
		F	6	6			f
Fundraising	costs	5,153		5,153	4,194		4,194
Investment	management
costs		182,611	15,444	198,055	155,849	9,227	165,076
		187,764	15,444	203,208	160,043	9,227	169,270

	Pastoral	Pastoral
	activities	activities
	2021	2020
	f
Depreciation and impairment	3,032	13,513
Rent and rates	42,542	34,734
Insurance	4,680	8,189
Light and heat	14,616	17,870
Telephone and communication	26,265	25,458
Printing, postage and stationery	9,868	6,137
Repairs and maintenance	31,849	34,773
Sundries	19,416	31,918
Exchange gains / losses	79,102	(8,093)
Visitation	7,642	11,600
Trustee allowances and medical	19,324	44,066
Trustee travel expenses	12,915	10,718
General chapter and assemblies	423	46,430
Travel and meeting expenses	93,871	109,575
Office running costs	5,053	6,837
Rectors expenses	58,710	64,168
Other charitable expenditure	5,631	6,498
	434,939	464,391
Grant funding of activities (see note 6)	2,424,258	2,636,423
Share of support costs (see note 7)	133,574	212,979
	2,992,771	3,313,793

								Pastoral	Pastoral
								activities	activities
								2021	2020
								6	6
	Grants to	institutions.
	Mission fund							295,553	607,499
	Missions support							1,071,270	827,450
	New Regions		support						51,653
	Asian and	African candidates						803,094	864,712
	Renewal courses and further			education				80,198	124,816
	Donations							174,143	160,293
								2,424,258	2,636,423
7	Support costs
				Support	Governance	2021	Support	Governance	2020
				costs	costs		costs	costs
				6	6			f
	Staff costs			63,929		63,929	66,285		66,285
	Professional		fees	54,799		54,799	127,597		127,597
	Audit fees			12,600		12,600	12,600		12,600
	Accountancy		and advice	2,246		2,246	6,497		6,497
				133,574		133,574	212,979		212,979
	Analysed	between
	Charitable	activities		133,574		133,574	212,979		212,979

The average	monthly number ofemployees during t	he year was:
		2021	2020
		Number	Number
Administrative	staff
Employment	costs	2021f	2020
Wages and salaries		55,144	60,923
Social security	costs	5,418	2,553
Other pension	costs	3,367	2,809
		63,929	66,285

Tangible fixed assets
		Freehold land Motor vehicles		Total
		and buildingsf	f
Cost
At 1 January 2021		4,974,217	42,707	5,016,924
At 31 December 2021		4,974,217	42,707	5,016,924
Depreciation and impairment
At 1 January 2021			30,580	30,580
Depreciation charged	in the year		3,032	3,032
At 31 December 2021			33,612	33,612
Carrying amount
At 31 December 2021		4,974,217	9,095	4,983,312
At 31 December 2020		4,974,217	12,127	4,986,344

Fixed asset invest	ments
		Listed	Other	Total
		investments	investments
		6
Cost or valuation
At 1 January 2021		39,903,062	136,270	40,039,332
Additions		7,750,846		7,750,846
Valuation changes		4,278,372		4,278,372
Disposals		(6,984,675)		(6,984,675)
At 31 December 2021		44,947,605	136,270	45,083,875
Carrying amount
At 31 December 2021		44,947,605	136,270	45,083,875
At 31 December 2020		39,903,062	136,270	40,039,332
			2021	2020
Other investments	comprise:	Notes	6
Unlisted investments			136,270	136,270

13	Debtors
					2021	2020
	Amounts falling due		within	one year:		f
	Other debtors				665,797	336,260
14	Creditors: amounts		falling due within one year
					2021	2020
					F	6
	Other taxation	and social security				1,553
	Held for Missions				1,025,691	977,756
	Other creditors				97,760	94,447
	Accruals and deferred		income		39,885	39,130
					1,163,336	1,112,886

								Movement	in	funds
				Balance at 1January 2021		Incoming resources		Resources expended		Transfers f.	Revaluations, gains and losses f		Balance at 31December 2021f
	Fent travel				113,520	17,154		(12,800)					117,874
	New members				644,194	28,324		(2,644)		34,275		47,577	751,726
	Ward memorial				10,389								10,389
					768,103	45,478		(15,444)		34,275		47,577	879,989
	Fent Travel
	The Fent Travel	fund	represents		money received for the purchase oftransport in Mission areas.
	Ward Memorial
	The Ward Memorial		fund represents money			left to the	Society for non-administrative					purposes
	New Members	Retirement		fund
	The New Members		Retirement		fund represents monies			received	for	the provision		of funding	members
	joining the Society in		what	were	Mission areas.
16	Analysis of net	assets between			funds
			Unrestricted Restricted					Total	Unrestricted		Restricted		Total
					funds	funds				funds		funds
					2021	2021		2021 f		2020 f		2020 f	2020 f
	Fund balances at 31
	December 2021 are
	represented by:
	Tangible assets			4,983,312			4,983,312		4,986,344				4,986,344
	Investment properties			2,480,000			2,480,000		2,480,000				2,480,000
	Investments			44,345,937		737,938	45,083,875		39,399,978			639,354	40,039,332
	Current assets/
	(liabilities)			2,163,035		142,051	2,305,086		2,873,371			128,749	3,002,120
				53,972,284		879,989	54,852,273		49,739,693			768,103	50,507,796

Cash generated from operations	Cash generated from operations	Cash generated from operations			2021	2020
Surplus for the year					4,344,477	1,196,041
Adjustments for:
Investment income	recognised	in statement	offinancial	activities	(1,090,781)	(1,008,525)
Fair value gains and	losses on	investments			(4,278,372)	(1,705,431)
Depreciation and impairment oftangible fixed assets					3,032	13,513
Movements in working capital:
(Increase)/decrease	in debtors				(329,537)	187,523
Increase in creditors					50,450	89,482
Cash absorbed by	operations				(1,300,731)	(1,227,397)