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2022-03-31-accounts

ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

THE ENGLISH PROVINCE OF THE CONGREGATION OF OUR LADY OF CHARITY OF THE GOOD SHEPHERD CIO

ANNUAL REPORT APRIL 2021 – MARCH 2022 Charity registration number 1163502 (England and Wales)

GR Introduction

ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

ANNUAL REPORT1 AP RIL2021 – 31 MARCH2022
Trustees’ report
Introduction 3
Structure, Governance,Management 4
Organisation 5
Trustees 6
Advisors andReferenceList 7
Trustees’ Responsibilities Statement 9
Risk Assessmentand Control 10
Investment Policy 12
Safeguarding 13
Financial Report for theYear 13
Principal Aims andActivities 15
PublicBenefit 15
Pastoral Activities 16
Pastoraland CommunityWork in England and Scotland 17
Partnershipsin the UK 23
International Partnerships 25
Angola andMozambique 26
Aquinas ScholarshipFund 29
Donations 34
Property 37
Future Goals 41
Independent auditor’s report 42
Accounts 47
Statementof financialactivities 47
Balance sheet 48
Statementofcash flows 49
Principalaccounting policies 51
Notestothe accounts 57

ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

The Congregation of Our Lady of Charity of the Good Shepherd

The Congregation of Our Lady of Charity of the Good Shepherd is an international Roman Catholic Congregation of Religious Sisters. It was founded in France by St. Mary Euphrasia Pelletier in 1835 as a branch of the Order of Our Lady of Charity, founded by St. John Eudes in 1641 and has a Generalate in Rome. The Congregation is present in 72 countries and divided into 47 Provinces/Districts/Sectors, now universally known as Units.

Our Vision

We envision a new way of living that celebrates the connectedness of all God's creation, an inclusive world where the dignity and diversity of all life is honored and protected.

Our Mission

Energized by our evolving understanding of God's love, we build partnerships that promote the dignity and human rights of all, especially women and children. In solidarity, we work for the transformation of unjust systems, the flourishing of humanity and integrity of all creation.

The accounts accompanying this report are the accounts of the Charitable Incorporated Organization (CIO) (the Charity) which holds the assets of the English Province of the Congregation and through which its finances operate. The CIO is governed by a constitution dated 1 April 2016 and is registered with the Charity Commission, Charity Registration No. 1163502.

On 31 March 2022 membership of the Congregation of Our Lady of Charity of the Good Shepherd in the UK numbered 46.

All the members of the Congregation have taken a vow of poverty. Therefore, all income, stipends, pensions etc. are covenanted to the Charity, which together with all the charitable works, also meets all the needs of the Sisters. The Trustees, therefore, have an obligation to ensure that resources are available to meet those needs which include the high cost of caring for the elderly and infirm. Increasingly, members require medium to high dependency care. Recognizing this commitment, a large part of the assets is represented by a Reserve Fund for that purpose.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Structure Governance Management

A wise man built his house on the rock. And the rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been built on a solid foundation.

Luke 6:48

ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Organisation

The English Province of the Congregation is governed by the Province Leader and her Team. The Province Leader is either elected by the members during the Province Chapter, which is effectively a general meeting that takes place every six years, or they are appointed by the Congregational Leader at the members’ request. The Provincial’s Team is elected by the members of the Congregation at the Province Chapter (a six-yearly meeting of the Sisters to determine the direction of the Charity for the following six years).

Our Province Chapter took place in April 2021. It was held via Zoom because the pandemic rules were still preventing large gatherings of people. A new Province Leadership Team was elected. The members of this Team also fulfil the role of Trustees of the Charity when appointed by the Province Leader.

The Charity is governed by the Trustees, the power of whose appointment is vested in the Province Leader. In practice, the Leader appoints the members of the Province Leadership Team as Trustees on their election to office. Team members serve for three or six years and on ceasing to be members of the Team, retire as Trustees.

The Trustees are all members of the Congregation of Our Lady of Charity of the Good Shepherd. Combined, they have more than fifty years of service as Trustees and a variety of experience and qualifications, notably teaching, counselling, social work, hospice, prison work, administration & management. To help them in their task as Trustees, the Sisters work with a number of professional advisors: e.g. a Finance Advisory Committee, Investment Consultants, Investment Managers, Solicitors, Safeguarding Commissions and Health and Safety Personnel.

The Trustees consider that they, together with the Finance Manager, Finance Administrator, Secretary and the Managers of the Communities which provide care and support to our Sisters, comprise the key management of the charity, and are in charge of directing, controlling, running and operating the charity on a day to day basis.

ADMINISTRATIVE ADDRESS Suite 23, 5[th] Floor St James’ House, Pendleton Way, Salford, M6 5FW

Charity Registered England and Wales Number 1163502

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Trustees

The Trustees are incorporated under the Charities Act 2011

Social Worker

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Sister Christine Mearns
RMN
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Social Worker

Social Worker

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AUDITOR PRINCIPAL BANKER Buzzacott LLP Royal Bank of Scotland plc 130 Wood Street 62-63 Threadneedle Street London London EC2V 6DL EC2R 8LA

SOLICITORS Stone King LLP McSparran McCormick Upper Borough Court 19 Waterloo Street Upper Borough Walls Glasgow Bath G2 6AH BA1 1RG

INVESTMENT CONSULTANTS INVESTMENT MANAGERS Portfolio Review Services Rathbone Investment Ltd. 12 Granard Road Port of Liverpool Building London Pier Head SW12 8UL Liverpool L3 1NW

INVESTMENT MANAGERS

BlackRock Investment Sarasin & Partners LLP Management (UK) Ltd. Juxon House 12 Throgmorton Avenue 100 St Paul’s Churchyard London London EC2N 2DL EC4M 8BU

INSURER EMPLOYMENT ADVISORS CIS (Catholic Insurance Service) Ellis Whittam Limited Oakley House, Mill Street Woodhouse Aylesbury Church Lane, Aldford HP20 1BN Chester CH3 6JD

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

SAFEGUARDING ENGLAND

CSSA (Catholic Safeguarding RLLS (Religious Life Standards Agency) Safeguarding Service) 39 Eccleston Square London SW1V 1BX

SAFEGUARDING SCOTLAND

Scottish Safeguarding Standards Agency (SCSSA)

Sisters of Our Lady of Charity of the Good Shepherd

(also known as Good Shepherd Sisters)

Congregational Leadership Team Each Councilor has responsibility for a specific group of Provinces/Units

Elected every 6 years by the Congregational Chapter – the highest governing body of the Congregation when in session

Global Presence

Europe • Asia • Africa • N & S America • Oceania

The English Province of the Congregation of Our Lady of Charity of the Good Shepherd CIO

The English Province is administered by the Province Leader and her team.

Province Locations:

Scotland: Edinburgh, Glasgow & Bishopton Manchester: Blackley Birmingham: Northfield London: Finchley & Friern Barnet Berkshire: Ascot Southampton: Bitterne Portsmouth: Waterlooville

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Trustees’ Responsibilities Statement

Throughout the year, the Trustees attended several seminars organised by various professional bodies expressly designed to help Trustees understand their duties and responsibilities. Due to the Covid-19 pandemic, many of these have been held online to comply with Government Guidelines.

The Trustees are responsible for preparing the annual report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to Charities in England and Wales requires the Trustees to prepare the Accounts of the Charity for each financial year which give a true and fair view of the state of affairs of the Charity at that date and of the income and expenditure of the Charity for that period. In preparing accounts, giving a true and fair view, the Trustees should follow best practice and:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the assets of the Charity and must take reasonable steps to prevent and detect fraud and other irregularities.

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Risk Assessment and Control

It is the duty of the Trustees to undertake an annual review of the main risks to which the Charity is exposed. Broadly speaking these risks may be categorized under governance & management, operational risks, financial risks, reputational risks, and risks brought about by external circumstances such as changes in law, regulations and government policies. During the review, any necessary changes to existing policies and procedures and any new policies and practices are identified and implemented to minimize risk.

The main areas of risk to the charity are as follows, along with the measures in place to safeguard against that risk.

o All Sisters in the Province take a vow of poverty and, accordingly, make a deed of covenant to the Charity of any income received. As a consequence, there are moral and legal obligations on the part of the Trustees of the Charity to provide for the living needs of the Sisters.

o The average age of the Sisters as of 31 March 2022 has risen to 83 years. This is accompanied by increasing care needs. Those of our Sisters who need extra care are accommodated in our 2 small residential care facilities, whose staff members are very well trained. The managers of both care facilities meet regularly with the Trustees. In light of the ageing of the Sisters and consequent lack of salaries, we are dependent on income from our investments to cover the living needs of the Sisters. There is also a designated fund set aside to provide for the increasing care needs of the Sisters of the Province.

o To mitigate the inherent financial risks, a finance advisory committee, which includes the Trustees and finance professionals, meets twice yearly with the investment managers. We have professional investment consultants who monitor the performance of the investment managers and who advise the Trustees. Advice from our financial professionals is sometimes sought in addition to these meetings. We require that the investments made on behalf of the Charity meet with ethical criteria in accordance with the Congregation’s beliefs and values.

o Financial Risk: The Trustees have internal procedures in place to safeguard against financial abuse such as requiring two signatures to any cheque to the value of £1,000 or more and the regular change of financial passwords.

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Risk Assessment and Control (continued)

o As an international Congregation, we frequently support projects in other ’ countries consistent with the Charity s objectives. Funds are sent in instalments, either through the GSIF (Good Shepherd International Foundation) based in Rome which provides reports on how the monies have been utilised, or they are sent directly to the project by bank transfer and in return an account is received of how the funds have been used. Any financial transfers are carried out by the Financial Administrator and a Trustee. Sometimes donations are made to individuals but in such cases, the Trustees are given a full briefing of the particular circumstances.

o The work carried out by the Charity has always been with the vulnerable, both children and adults. In line with government legislation and policies of the Catholic Safeguarding Standards Agency and the Scottish Catholic Safeguarding Standards Agency, a Safeguarding policy has been developed by the Trustees of the Charity. Our Care Homes have additional policies with specific guidance from the relevant City Councils.

o The Charity has membership of both CSSA and SCSSA and also the RLSS. Meetings are attended by the safeguarding representative who reports to the Trustees. In addition, safeguarding conferences and training days are attended regularly. All Trustees and members of Staff have undertaken training. The Province has a Safeguarding Team, consisting of the Safeguarding Lead and two others.

“The material resources of the Congregation are at the service of our mission and to meet the needs of the Sisters. Undue accumulation of goods should be avoided and superfluous funds should be prudently and legitimately used.” Constitution Nº139.

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Investment Policy

We seek to assist the funding of our activities and our Sisters’ living expenses, plus the cost of care for the elderly by a carefully planned investment policy.

The Congregation has a discretionary investment management arrangement with Rathbones Investment Managers UK Ltd. and invests in the charitable funds of Sarasin Investment Managers UK Ltd and Blackrock Investment Managers UK Ltd. The target is to achieve an acceptable return of both income and capital growth with no more than a moderate level of risk.

We have updated our ethical investment policy to reflect the Congregation’s orientation in favour of justice and peace and our specific orientation in favour of girls and women struggling on the margins of society.

Examples of investments which the Trustees wish to avoid include those companies dealing primarily in:

Investment performance

During the year the Charity ’ s listed investments achieved an income yield of 2.7% (2021: 3.2%)

The Trustees are content with the investment performance and will continue to review it regularly via meetings with their investment consultants and each of the investment managers. The Trustees regard the Charity ’ s investments as being for the long term. They remain confident that the policy adopted is appropriate for the Charity.

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Safeguarding

There are currently two Bodies dealing with historical Child Abuse in residential establishments in Scotland. As we have been major providers of care in the past, we are open to cooperating in any way that we can to support the work of these Bodies. We have had several requests for information from our registers from “Wellbeing Scotland” to which we have responded to the best of our ability. We have to acknowledge that we were called to the Scottish Inquiry in 2017 but it was never established that systemic abuse had occurred in any of our facilities.

Fundraising

The Charity does not actively seek donations or fundraise. During the year, the Charity received no complaints about its fundraising activities.

Financial Report for the Year

Total income for the year amounted to £2,317,297 compared to £2,536,040 in the prior year.

Expenditure for the year to 31 March 2022 totalled £2,480,376 compared to £2,389,523 in 2021.

The increase in the net assets and funds of the Charity in the year amounted to £3,115,345 (2021 – increase of £8,708,395) after accounting for investment gains of £3,278,424 (2021 - investment gains of £8,561,878).

Financial position

At 31 March 2022, the Charity had net assets or total funds of £66,860,994.

These funds include £55,000 comprising a property held on special trust.

Of the total income funds, £1,691,626 are restricted, being monies and assets to be applied for specific purposes. Details of these funds are provided in note 18 to the attached accounts.

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Financial Report for the Year (continued)

Financial position (continued)

£5,412,816 represents the net book value of tangible fixed assets used by the Charity excluding those used for care services. These assets are required for the day-to-day work of the Charity and hence do not represent amounts that may be realised to meet ongoing expenditure.

The trustees have decided to set aside or designate funds totaling £40,717,934. These funds include the assets representing the Charity ’ s care home and amounts sets aside in order to provide for members of the Congregation as they grow older and as their care needs increase, a Congregational Giving Fund, a fund for the future development of property in Southampton and a grant making fund. Details of the designated funds may be found in note 20 to the attached accounts.

The general funds or free reserves of the Charity at 31 March 2022 totalled £18,393,618.

Reserves policy

The Trustees require free reserves to meet any emergencies arising from any interruptions in the flow of income, falls in the value of investments and general emergencies. The Trustees have decided that free reserves of up to 36 months should be retained.

At 31 March 2022, free reserves were in excess of the amount required under the above policy. This is deemed acceptable by the trustees given the current macroeconomic and geopolitical uncertainty in the United Kingdom.

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Principal Aims and Activities

The Congregation of Our Lady of Charity of the Good Shepherd CIO aims to support the religious and other charitable works carried out by members of the Congregation. There is special emphasis on women and children in need within the context of the family, regardless of ethnic origin or religion.

The Good Shepherd Constitutions state:

“Our specific orientation is to girls and women whose condition in life cries out for the healing and salvation which Jesus alone can bring. We are deeply committed to their human and spiritual healing and to their integral development. Since the well-being of the person is intimately linked to that of the family, we strive to serve them in the context of the family and the society in which they live. We also respond to other apostolic needs which are in accord with our mission.”

Constitution No.6.

Public benefit

When setting the objectives and planning the work of the Charity for the year, and when encouraging the work of individual Sisters, the Trustees give very careful consideration to the Charity Commission’s guidance on public benefit.

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Pastoral Activities

These works fall into the following main categories:

Networking with other Units/Provinces, for the empowerment of women and the development of the Mission.

We have several Partnerships with organisations working with women, refugees, asylum seekers and other vulnerable people.

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Pastoral and Community Work

“Jesus Christ did not say to Peter: Govern, be the master, but he used the word “Feed” which means prepare, pasture, give nourishment to your lambs and to your sheep ...”

St. Mary Euphrasia Pelletier/ Conference 5

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Pastoral and Community Work

Almost all Sisters regardless of age or infirmity engage in pastoral care or support in a variety of ways and at different levels.

This includes:

St Mary Euphrasia Pelletier

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Sisters in Ministry

Ministry to the vulnerable

Despite their increasing age, there are many ways in which our Sisters continue to live out their vow of zeal for people, especially those who are most in need and on the margins of society. They hold online virtual meetings, offering telephone counselling sessions and ordering online shopping for families most in need.

Three Sisters in the London area work, in different capacities, with vulnerable women from a variety of backgrounds who may be suffering with complex needs or issues such as alcohol or drug addiction, homelessness, mental health problems, women in prison or recently released from prison and also women who have been trafficked. Some of these women may have a combination of these problems.

Sisters also work with refugees and asylum seekers in the London and Birmingham areas.

One Sister provides therapeutic support to individual teachers, from two Secondary Schools who are experiencing stress which may be school, personal or home related.

After care of former pupils or former residents, some of whom have no family support, is an additional ministry in which many of our Sisters continue to be involved. For some this is a relationship which has continued over many years and is greatly valued by both.

Care of Our Elderly Sisters

Retirement Community

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Lorraine Brennan
Convent Manager
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The last year has been exceedingly difficult for everyone, we were still in lockdown, and we were still in our old home. We were given several dates for completion and well I am glad to let you that we moved into our new building on 13 May 2021. As you can imagine it was a big undertaking going from such a large building to smaller accommodation. However, the sisters have much more living space and independence and our move went smoothly and according to plan.

I am still having to manage the old convent at 114 Chain Road. This is now boarded up, but we still must have documentation in place for our insurance company. I made sure the gas and electricity were turned off and piped off for safety and we had the building alarmed. I still must walk around the building each week to make sure all is in place and secure.

I have been very busy this year with one thing or another not to mention the organisation of the new Health & Safety and Fire procedures that had to be put in place. Updating all the risk assessments for the new build and making sure all the fire safety equipment and documents relating to the new build were communicated to sisters and staff. I have to say that on a visit from the Health and Safety officer he remarked:

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Care of Our Elderly Sisters (continued)

”The Health & Safety compliance in the Convent is the very best that I have seen taking into account the 300 organisations that I have worked for in the last 20 years. The manager, Lorraine Brennan takes her responsibilities for health and safety very seriously and tries her very best to ensure the health, safety and welfare of the resident sisters, staff, and visitors alike. The new building has significantly improved the living and working environment for the sisters and Convent workers ”. I think I must be doing something right!

Unfortunately, we lost seven of our staff either to retirement or redundancy which was inevitable due to the downsizing of the building. This too was a lot of work dealing with the redundancies, interviews and paperwork that is involved. Also, we lost our two cooks who were with us for 32 years and the rest of the staff were with us for 10 years or more. There are always highs and lows and I suppose this was one of the low points. On the other hand, we employed a fresh staff team and I have to say that we are incredibly pleased with the staff that have joined The Good Shepherd Sisters.

I spent almost 3 months interviewing for new staff and at one time I thought it would never end but it was worth it to see the small staff team I now have in place. I must make sure that I get this right when bringing new staff into our home.

Dealing with the builders since we moved in has been quite a task. Obviously when you move into a new build you have teething problems and to date, I am still dealing with them hopefully this should soon all be resolved.

When we left the old building, we lost most of our old contracts and it is my job to build up that relationship again with our new contract organisations to ensure that we have the right contracts in place and for the right price. I feel this is important because these are the people you turn to when in need so the reliability, commitment and understanding works from both sides.

Our new home is everything we asked for and more and the sisters are incredibly happy, comfortable, and safe in their unique environment. I have taken on the responsibility of seeing to all the sisters’ needs and they know that my door is always open at any time day or night and on call. The sisters feel confident in coming to see me and this is the atmosphere I want to make sure the sisters and happy and content.

We have a good feeling about our new home - the sisters feel relaxed, and we have such a good atmosphere of peace and belonging, and I am enormously proud and honoured to be the Manager of such a beautiful building and have the responsibility of keeping the sisters content, safe and happy.

St. Euphrasia’s Care Home

St Euphrasia’s has continued to be governed by covid restrictions this past year and experienced another outbreak over the Christmas/New Year period 2021. Thankfully, no Sister contracted covid which is a great testament of the staff following good PPE protocols.

The past year has seen some changes to our routine in that we had a Carmelite sister visit the home for some respite. It was lovely and the sisters and staff welcomed Sr Catherine for the short time she was with us - it seemed to ignite the spirit of community and helping

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Care of Our Elderly Sisters (continued)

others. It is with this in mind that I would like to produce a piece of work which may enable St Euphrasia’s to bring the community to them as the sisters are no longer able to go out to the community. A few ideas I would like to explore are to offer respite care for non-religious and offer day care relief for some of the local parishioners whose family could benefit from some “me time” knowing their relative is in safe hands. This I see as St Euphrasia offering community support to the vulnerable in our area. Whilst this is just an idea at present it would have to be accepted by the Sisters in St Euphrasia’s as this is their home, along with the Trustees.

Throughout yet another difficult year St Euphrasia’s has been imaginative. We had a member of the Halle Orchestra visit to play for the sisters and the petting farm. Both occasions went well. Sister Winifred also enjoyed the Christmas concert with the Halle Orchestra and choirs and an afternoon concert by

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Jayne Brooks
Registered Manager
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the Halle at the Bridgewater Hall along with Ruth our Volunteer and Sister Carmel. After the concert they went for coffee and cake - all had an enjoyable afternoon. Other sisters have now shown an interest in attending these small afternoon sessions, along with a plan to have a run out and afternoon tea once the good weather arrives

We have managed to do some upgrading and refurbishment of St Euphrasia’s. We had a new corridor carpet and another en-suite room made which I feel is what is usually expected these days. The sisters continue to enjoy the summer house and we have now had this insulated to enable it to be used all year round. We have a CD player and radio in there with a selection of music along with a coffee making machine for latte or cappuccino for a treat.

In the 2022/23 financial year we also are looking to reconfigure St Euphrasia’s by making the conservatory more appealing as this is a greatly under used part of the house. We are going to reduce the size and make it better insulated as it is cold in winter and too hot in the summer. Along with the small room off the conservatory, we are hoping to make small quiet spaces for sitting and reflecting or a small group to meet, we are also looking to rearrange the lounge to be more user friendly, this is just moving things around so nothing major. Our aim is to enable all the space in St Euphrasia’s to be usable all year around and make the environment more homely and cosy.

Sadly, we have lost some three sisters over the past year - all will be sadly missed but always remembered with love and affection by us all.

We have had no staff changes in the past year which I hope proves the staff feel valued and enjoy the work within the home. They certainly have given 110% throughout. The senior staff will be doing a Care Home Advanced Practitioner Course. This is a 12-week course giving them more knowledge and confidence in their roles and is being supported by the local authority and is free.

During the year , we continued to benefit from government assistance and free testing etc which was a bonus and allowed St Euphrasia’s to continue to pay staff who were absent due to contracting Covid.

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Care of Our Elderly Sisters (continued)

On-going training for all staff of our Care Home in Care and Management is recognized as integral and takes place on a regular basis as well as annual mandatory training. All staff who were employed without any professional qualifications now have NVQ Qualifications, ranging from level 2 to level 5. We see this training, not only as part of our duty of care to our Sisters but also as part of our mission to women, empowering them, building self-esteem and confidence, and helping them to improve their circumstances in life. This in turn enables them to better provide for their families.

Redcote (Southampton) Community

In Southampton we have a Care Community for ten frail elderly Sisters. Included in this Community are Sisters residing at Redcote Convent and Sisters residing in more independent homes in Bitterne and Waterlooville.

At Redcote Convent we have a dedicated team of staff who provide 24-hour quality care and support. This care facility is not CQC registered but the care standards and training for staff are the same as in our registered Care Home. Staff organize open days and cream tea afternoons and an annual garden party to raise funds for the mission in Kenya. They have a good relationship with the local school and the school choir visits each year. Maria Vicente was appointed as the Manager of Redcote Community and she has proven to be a great leader. She has transformed the staff team and implemented physiotherapeutic activities together with fall prevention exercises for Sisters.

Maria says:

The South community consists of Southampton Redcote Convent, Shalom House (Bitterne), and Waterlooville.

There are 13 sisters in total, and all the sisters are supported by a dedicated team of staff who provide 24hour quality care and support where the emphasis is on promoting independence and ensuring the atmosphere of the sisters being in their own home is of paramount importance.

We are not CQC registered but the care standards and training for staff are the same as in our registered care home. These standards and training enabled us to have all the three communities free of

Covid, staff followed good PPE protocols.

Due to the covid restrictions this past year and another outbreak we were very imaginative and tried to support all our sisters with in-house activities, an art and crafts day, a use your brain day and falls prevention exercises.

Unfortunately, due to the above-mentioned restrictions, we were not able to support our sisters from Waterlooville and Shalom with the same activities, but we did visit whenever possible with a safe distance cuppa and a chat.

Due to the risk of slips and falls, we have managed to so some needy upgrading by repairing the roof and conservatory leaks, and the chapel floor has been carpeted. This coming financial year we are looking to have installed a chairlift, reducing the risk of isolation to a couple of sisters, who are sometimes unable to enjoy the company of others due to their physical frailty to climbing up stairs.

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Care of Our Elderly Sisters (continued)

Both Tina my deputy and I are certified Train the Trainer in all mandatory care training. This will enable us to have inhouse training. During the lockdown we have started some mandatory training which has enabled the Team to focus positively on going forward to provide and support all the care needs to our sisters.

Staff have been supportive in respect of Covid restrictions, such as covering, when possible, but unfortunately this was not always possible, and we had to have the support of care agencies.

Staff were also asked to cover more hours, due to our sisters needing more support with their care package and to support the sisters at Shalom House.

Partnerships in the UK

Within the financial year 2021-2022 we remained invested in the following formal partnerships:

Anawim

Anawim’s mission is to help women from all backgrounds and communities in and around Birmingham to get the support they deserve. It has been the driving force behind the charity since it started back in 1986 in a terraced house in Balsall Heath. Anawim was originally founded in 1986 by two of our Sisters, Sr. Madeleine Matthews (R.I.P.) and Sr. Maisie Nevin, who moved into a red-light district in Balsall Heath – at the time described as ‘Britain’s busiest cul-de-sac’. They decided to open their home as a drop-in centre to women in the local community who were involved in prostitution and were vulnerable to exploitation. The Sisters were struck by the difference it made for women to have a safe space, a warm drink and a listening ear. A place they could go without fear of judgement, to meet other women who cared deeply about their wellbeing. Motivated by unconditional love, an appreciation of the value of every woman, and a commitment to helping people to live life to the full, the Sisters’ mission continues to inspire the work carried out there to this day.

Over the last 35 years, Anawim has grown hugely and has gone from strength to strength. It is now a specialist centre in Birmingham providing services in a therapeutic environment. It exists to support women and their children, especially women vulnerable to exploitation, offending behaviour, drug abuse and prostitution. Anawim seeks to provide positive choices to help them achieve and reach their full potential as part of the wider community and it also seeks to encourage women to change and turn their lives around. It provides a viable alternative to custody, works to increase women’s self-worth, enables them to recognise their own potential and offers hope. It works to keep families together where appropriate, empower women towards independence with regular employment, raise each woman’s self-awareness and sense of dignity, trust and responsibility towards herself, her children and the wider community.

Throughout the financial year 2021 – 2022 three of our Sisters continued to serve on the board of Trustees. One Sister continues to work as a member of the counselling team on a voluntary basis and we also part-fund the salary of the Finance Officer.

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Partnerships in the UK (continued)

Brushstrokes

Brushstrokes serves the whole community across Sandwell, West Birmingham and beyond, particularly asylum seekers, refugees and newcomers to the area. The focus is on providing support and services to the most vulnerable and building up individuals by treating them with kindness and respect and affirming their rights and dignity. Brushstrokes currently welcomes people from over 65 countries.

The work with refugees continues to expand, helping them to rebuild their lives and settle into new homes, education and work in the Sandwell area. The core activities are driven by the needs of the people who use the services, both in the community and those identified on outreach visits.

Some of the main activities are: offering outreach support, practical help, teaching ESOL (English for Speakers of Other Languages), asylum guides, social activities, housing support, education, information, advice and guidance.

The Trustees have made a commitment to contribute £30,000 per annum to Brushstrokes, to cover the costs of rent of a more suitable building. This began in 2019 and will come to an end in 2023.

Sophia House

In 2018 a small house vacated by our Sisters in the Birmingham area became surplus to our requirements. Rather than putting it on the market the Trustees decided to offer it as a residence for homeless documented women

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Sophia House
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refugees who needed accommodation and help to integrate into society. Entering into a partnership agreement with Father Hudson’s Society, which runs other services for asylum seekers and refugees, Sophia House was opened as a small joint project.

Since then, Sophia House has flourished and now provides female refugees and migrants with a supportive and welcoming home in shared accommodation, as well as support with their first housing tenancy as they settle into their new lives in the UK. For women who need that extra helping hand, Father Hudson’s Care Staff and volunteers also provide support and guidance for each individual, including accessing GP and healthcare services, welfare benefits, signposting to local services, accessing education, managing money and befriending. This partnership is due for review in 2023.

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International Partnerships

” will spread your branches in all directions... I do not wish it said any longer, that I am French... I belong to every country where there are souls to save.”

St. Mary Euphrasia / Conference 58 and 6

ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

International Partnerships

Angola/Mozambique

Partnership with Good Shepherd Sisters

The Trustees previously entered into a funding commitment of £25,000 per year to the Sector of Angola/Mozambique ending in 2021, making 2021 the final year and our involvement has now finished.

Financial summary report of the three years 2019 – 2021

Average ex. Rate £1,11
Date Description Account Descr Credit Euro Credit GBP Debit Euro Debit GBP
26/02/2019 ANGOLA – Local MDO expenses Disbursement to the local partner €0,00 £ - €2.293.30 £2.073,27
26/02/2019 ANGOLA – Local MDO expenses Disbursement to the local partner €0,00 £ - €3.599.65 £3.254,29
08/05/2019 Invoice LIAM QUINN del 06/05/2019 - Angola Consultancy translations €0,00 £ - €414,82 £375,02
19/06/2019 Contribution from GSS UK for Angola Contribution for programmes €27.380,70 £25.000,00 €0,00 £ -
08/11/2019 Laptop MDO Angola Equipment €0,00 £ - €400,29 £361,88
17/12/2019 Disb to Angola for Local MDO Disbursement to the local partner €0,00 £ - €20.672,64 £18.689,22
30/03/2020 Disb to Angola for GS UK 2020 (Rqf 27.03.20) Disbursement to the local partner €0,00 £ - €2.044,01 £1.847,90
30/03/2020 Disb to Angola for GS UK 2020 (Rqf 27.03.20) Disbursement to the local partner €0,00 £ - €3.038,06 £2.746,58
01/06/2020 Contribution from GSS UK to Angola Contribution for programmes €27.187,50 £25.000,00 €0,00 £ -
28/07/2020 Disb for Angola Disbursement to the local partner €0,00 £ - €14.877,89 £13.450,45
09/11/2020 DISB TO ANGOLA for GSS UK (2 di 3)
(A/I30/11/20)		 Disbursement to the local partner €0,00 £ - €7.227.00 £6.533.61
24/03/2021 Contribution from GSS UK to Angola Contribution for programmes €28.391,26 €25.000,00 €0,00 £ -
17/08/2021 Disb for Angola 17/08/21 – for5
2019ANG5911		 Disbursement to the local partner €0,00 £ - €16.450,00 £14.871.72
22/11/2021 Disb to Angola for 2019ANG5911
(AI25/11/20)		 Disbursement to the local partner €0,00 £ - €11.941.80 £10.796.06
€82.959,46 £75.000,00 €82.959,46 £75.000,00

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International Partnerships (continued)

Vietnam

For many years now the Sisters have been living in the South of the country. They have long held a dream of opening a house in the North. The Charity entered into an agreement to help fund the building of a kindergarten and house for the Sisters in Hanoi. It was to be £25,000 for three years. Because of government requirements we kept the money until this year when the go-ahead was given. We sent £75,000 to the Sisters through the GSIF office. We have promised to send another amount, as yet unspecified, towards the completion of this project (see below).

(From Theresa Simmons GSIF)

“I am reporting on behalf of the Good Shepherd Sisters Vietnam for the funding support of £75,000 for the construction of a convent cum kindergarten in Ho Chi Minh City Vietnam.

Although the Memorandum Of Understanding is for three years (i.e. 2020, 2021 and 2022), the construction of the building has not yet commenced due to the prolonged government requirements to approve the building plans, obtain local government approval for land use etc. This delay was not expected in 2018 when the appeal for support was made to Good Shepherd UK.

Finally, after many challenges, all the approvals were obtained early this year and the Sisters requested three construction companies to submit their tenders which were opened on 2 June 2022. The successful tenderer will be announced on 2 July 2022. The Sisters through the GS solidarity fund have raised US$790,000; and still need to raise another US$260,000.

The funds of £75,000 from GS UK (via GSIF Rome) was received by GS Vietnam on 17 May 2022. Please see attached bank statement. At the moment, the funds have remained largely unutilised. Full utilisation is expected by early August 2022 when the successful tenderer will request for the first progress payment to begin work. We will submit a full report to close off this funding support by end August 2022.

In the meantime, on behalf of the Sisters in Vietnam, we kindly request GS UK to consider another contribution towards this project to assist the Sisters close the funding gap. We rejoice with the Sisters as their dream for a convent is Ho Chi Minh City is finally becoming a reality.”

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Aquinas Scholarship Fund

“Educate a boy, and you educate an individual. Educate a girl, and you educate a community.”

Adelaide Hoodless

ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Aquinas Scholarship Fund

Safeguarding of minors is a priority for our Congregation worldwide and Sisters are encouraged to engage in professional training so that safeguarding underpins the work being undertaken with vulnerable children. This is particularly important in developing countries where many kinds of exploitation of children go unnoticed and children and families are unaware of their human rights. Each year we allocate £40,000 to this important fund and this year we have had eleven students benefit from the scholarship.

The following summary is taken from a report by Sister Yolanda Bourbon, Congregational Treasurer:

The Congregation is committed to ensure capacity building of Sisters and lay partners for mission effectiveness. An Education Survey conducted by the Congregational Leadership Team in 2016 confirmed that the education level of Sisters within the Congregation is unequal. While many Sisters are well educated, there are some Sisters who have not had the opportunity for higher education. The Generalate in Rome has been receiving requests from worldwide Units for financial support of Sisters who need to take further professional education.

We would like to acknowledge, with gratitude, the Unit of Great Britain for providing financial support from their Thomas Aquinas Scholarship Fund for the further education of Sisters from various Units.

This is the summary of all the students at present benefitting from the Aquinas Scholarship. As you can see, there are many of them and we have chosen two to give you a flavour of their experiences.

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Aquinas Scholarship Fund (continued)

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Aquinas Scholarship Fund (continued)

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Aquinas Scholarship Fund (continued)

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Donations

“You have not lived today until you have done something for someone who can never repay you.“

John Bunyan

ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Donations

Donations given by the Charity during the year to 31 March 2022

Little Sisters of the Poor – Sr Kathleen O’Sullivan £1,000
Alzheimer’s Society – Thank you gift £1,000
Sisters in Kenya – Medical treatment £ 2,500
Medical requirements of family in Lebanon £2,500
Sr Auguchia – Beautification (via the Generalate) £5,000
Generalate of the Congregation £35,168
Sophia House £4,000
Congregational projects £74,781
Aquinas Scholarship (Roma) £40,000
Mission Development Fund £6,280
Anawim (Finance Officer Salary) £17,000
Christmas Donations & Gifts £6,500
Other £1,344
TOTAL: £197,073

In addition to the above donations the Charity gave £30,000 to Brushstrokes which was the third instalment of £150,000 committed to and accounted for in the year to 31 March 2019.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Change of Head Office

This year the new Administration decided to move out London. This decision was taken by the Trustees as one way of saving money. We moved to St James’ House, Salford in November 2021. Unfortunately, this necessitated losing two members of staff who did not wish to relocate to Manchester. We advertised and were lucky enough to find two excellent members of staff, one for finance and one for secretarial work. It has been quite an undertaking as all our professional advisors, our banks etc. had to be notified of the change of address.

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Property

The material resources of the congregation are at the service of our mission.

Const. 140

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Property

All properties are used to facilitate the mission and ministries of the UK Province. The following properties are owned by the Charity.

Freehold Properties

Waterlooville - Portsmouth

Coldhill Farm – farmland & buildings – leased to tenant farmer

9 Laurel Court - Semi-detached House

8 Laurel Court – Flat

Bitterne Southampton

Redcote Convent – 11 bedroom detached house

27 Shales Road - 6 bedroom detached house

29 Shales Road - 8 bedroom detached house

Ascot

Fairlight – 10 bedroom detached house

London

87 Yeldham Road – 2 bedroom terraced house

Birmingham

The Priory – 17 bedroom convent

4 St Laurence Road – 3 bedroom semi-detached house

91 Salisbury Road – 6 bedroom semi-detached house

Liverpool

18 Gypsy Lane- Cottage, occupied by a former employee and his family.

Manchester

Good Shepherd Convent – 30 bedroom, detached house – Closed, awaiting sale St. Euphrasia’s Care Home – 14 bedroom, care facility for elderly and infirm Sisters Latrigg Crescent - 2 bedroom, semi-detached house, occupied by an employee Litchford Court – 11, 1 bedroom flats for retired Sisters.

Bishopton

1 semi-detached house

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Property (continued)

Leasehold properties

London

Sparkford Gardens - 2 bed flat 4 flats in Sheltered Accommodation

Cheshire 11 Hanna Court – 1 bed Apartment

Birmingham

8 Middlepark Drive – 2 bed flat

Glasgow

308 Old Rutherglen Road - 2 bed flat Pollokshaws Road – 2 bed flat

Edinburgh

Roseburn Drive – 1 bed flat (sheltered accommodation)

Liberton Road – 1 bed flat (sheltered accommodation)

West Kilbride

Bowfield Road – 2 bed flat

During the year to 31 March 2022, we have sold properties – a three bedroomed flat, Burberry Court, London and Cottage Farm, Portsmouth.

Other Assets

The Charity owns cemeteries in Colinton, Edinburgh; Bishopton; Blackley, Manchester; Troy, Monmouth; Bartestree, Herefordshire; Redcote, Bitterne and St Michael’s Waterlooville Burial Ground.

The Charity also owns land in Blackley, Manchester and Waterlooville.

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Litchford Court – Manchester

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Future Goals 2022-2023

Approved for and on behalf of the Trustees:

Anne Josephine Carr

Trustee

Date of approval: 17 December 2022

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Independent auditor’s report

Independent auditor’s report to the Trustees of The English Province of the Congregation of Our Lady of Charity of the Good Shepherd CIO

Opinion

We have audited the accounts of The English Province of the Congregation of Our Lady of Charity of the Good Shepherd CIO (the ‘Charity) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows, the principal accounting policies and the notes to the accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the accounts, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’ s ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

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Conclusions relating to going concern (continued)

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report and Accounts, other than the accounts and our auditor’s report thereon. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement, the Trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the Trustees are responsible for assessing the Charity ’ s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

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Auditor’s responsibilities for the audit of the accounts

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect to irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

How the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the Charity ’ s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

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Auditor’s responsibilities for the audit of the accounts (continued)

How the audit was considered capable of detecting irregularities including fraud (continued)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

We did not identify any irregularities, including fraud.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Use of our report

This report is made solely to the Charity ’ s Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and with regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity ’ s Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity ’ s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Buzzacott LLP Statutory Auditor 130 Wood Street London EC2V 6DL

18 January 2023

Buzzacott LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Statement of financial activities: Year to 31 March 2022

Notes
Unrestricted
funds
£		 Restricted
funds
£		 Special trust
fund
£		 2022
Total funds
£		 Unrestricted
funds
£		 Restricted
funds
£		 Special
trust fund
£		 2021
Total funds
£
Income from:
Donations and legacies
1
Investments and interest
receivable
2
Charitable activities
. Fees and charges for
care services
Other sources
. Government grants –
Coronavirus infection
control
. Surplus on disposal of
tangible fixed assets
3
. Miscellaneous sources
Total income
Expenditure on:
Raising funds
. Investment
management fees
Charitable activities
. Provision of care
services
4
. Support of members of
the Congregation and
their Ministry
5
. Donations and support
of missions
6
Total expenditure
Net income
(expenditure) before
net investment gains
8
Net investment gains
.Investment property
.Listed investments
13
Net income
(expenditure) and net
movement in funds
Fund balances at 31
March 2021
Fund balances at 31
March 2022
593,656

1,346,008
118,593
—

206,909
9,371		 —
22,583
—
20,177
—
—		 —
—
—
—
—
—		 593,656
1,368,591
118,593
20,177
206,909
9,371		 717,106
1,385,391
179,115
—
62,374
9,146		 —
137,722
—
45,186
—
—		 —
—
—
—
—
—		 717,106
1,523,113
179,115
45,186
62,374
9,146
2,274,537 42,760 — 2,317,297 2,353,132 182,908 — 2,536,040
6,741

61,603

1,180,619

197,073		 2
539,848
494,490
—		 —
—
—
—
—		 6,743
601,451
1,675,109
197,073		 11,911
61,603
1,158,686
247,958		 17
490,161
419,187
—		 —
—
—
—		 11,928
551,764
1,577,873
247,958
1,446,036 1,034,340 — 2,480,376 1,480,158 909,365 — 2,389,523

828,501
1,099,172

1,863,626		 (991,580)
—
315,626		 —
—
—		 (163,079)
1,099,172
2,179,252
872,974
—
7,686,015		 (726,457)
—
875,863		 —
—
—		 146,517
—
8,561,878
3,791,299
61,323,069		 (675,954)
2,367,580		 —
55,000		 3,115,345
63,745,649		 8,558,989
52,764,080		 149,406
2,218,174		 —
55,000		 8,708,395
55,037,254
65,114,368 1,691,626 55,000 66,860,994 61,323,069 2,367,580 55,000 63,745,649

All recognised gains and losses are included in the above statement of financial activities.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Balance sheet: 31 March 2022

Notes
2022
£		 2022
£		 2021
£		 2021
£
Fixed assets
Tangible assets
12
Investments
. Listed investments
13
. Investment property
13
Programme related investments
14
Total fixed assets
Current assets
Debtors
15
Short term deposits
Cash at bank and in hand
Total current assets
Liabilities:
Creditors: amounts falling due
within one year
16
Net current assets
Total assets less current liabilities
Creditors: amounts due after one year
17
Total net assets
The funds of the Charity:
Income funds
Restricted funds
18
Special trust fund
21
Unrestricted funds
. Tangible fixed assets fund
19
. Designated funds
20
. General funds




74,923
1,070,281
3,707,339		 10,763,765
49,530,598
1,706,609
250,000		 645,558
1,065,388
2,219,918		 11,149,837
46,890,711
2,199,999
250,000
62,250,972
4,640,022		 60,490,547
3,315,102
4,852,543

(212,521)		 3,930,864
(615,762)




66,575,052
(30,000)		 63,805,649
(60,000)
66,860,994 63,745,649
1,691,626
55,000
5,412,816
40,717,934
18,393,618		 2,367,580
55,000
5,821,703
38,716,123
16,785,243
66,860,994 63,745,649

Approved by and signed on behalf of the Trustees by:

Anne Josephine Carr

Trustee

Approved by the trustees on: 17 December 2022

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Statement of cash flows: Year to 31 March 2022

March 2022
Notes
2022
£		 2021
£
Cash flows from operating activities:
Net cash used in operating activities
A
Cash flows from investing activities:
Investment income and interest received
Proceeds from the disposal of tangible fixed assets
Purchase of tangible fixed assets
Proceeds from the disposal of listed investments
Proceeds from the disposal of investment properties
Purchase of listed investments

Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 31 March 2021
Cash and cash equivalents at 31 March 2022
B		 (1,616,201) (2,099,567)
1,893,522
625,048
(541,982)
931,230
1,592,563
(1,237,553)		 1,530,531
239,316

(1,231,895)
2,069,729
—
(1,788,158)
3,262,828 819,523
1,646,627
3,693,908		 (1,280,044)
4,973,952
5,340,535 3,693,908

Notes to the statement of cash flows for the year to 31 March 2022.

A Reconciliation of net movement in funds to net cash used in operating activities

2022
£		 2021
£
Net movement in funds (as per the statement of financial activities)
Adjustments for:
Depreciation charge
Gains on listed investments
Investment income and interest receivable
Surplus on disposal of tangible fixed assets
Surplus on disposal of investment properties
Decrease (increase) in debtors
Decrease in creditors
Net cash used in operating activities		 3,115,345
193,076
(2,179,252)
(1,368,591)
(206,909)
(1,099,172)
45,704
(116,402)		 8,708,395
172,719

(8,561,878)

(1,523,113)

(62,374)

—
(617,135)
(216,181)
(1,616,201)
(2,099,567)

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

B Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
2022
£		 2021
£
Cash at bank and in hand
Short term deposits (less than three months)
Cash held by investment managers
Total cash and cash equivalents		 3,707,339
1,070,281
562,915		 2,219,918
1,065,388
408,602
5,340,535 3,693,908

No separate reconciliation of net debt has been prepared as there is no difference between the net cash (debt) of the Charity and the above cash and cash equivalents.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Principal accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below.

Basis of preparation

The accounts have been prepared for the year to 31 March 2022 and comparative information is provided in respect to the year to 31 March 2021.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Charity constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the accounts requires the Trustees and management to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made include:

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a period of at least one year from the date of approval of these accounts.

The Trustees of the Charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due. The most significant areas of judgement that affect items in the accounts are detailed above. With regard to the next accounting period, the year ending 31 March 2023, the most significant areas that affect the carrying value of the assets held by the Charity are the level of investment return and the performance of the investment markets (see the investment policy and the risk management sections of the trustees’ report for more information).

Income recognition

Income is recognised in the period in which the Charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Income comprises donations and legacies, investment income and interest receivable, income from fees and charges for care services and other income including the surplus on the disposal of tangible fixed assets.

Donations, including salaries and pensions of individual religious sisters received under Gift Aid or deed of covenant, are recognised when the Charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period.

In accordance with the Charities SORP FRS 102 volunteer time is not recognised.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Income recognition (continued)

Legacies are included in the statement of financial activities when the Charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any conditions attached to the legacy are within the control of the Charity.

Entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor to the Charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate, but the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title of the asset having been transferred to the Charity.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.

Income derived from the levying of fees and charges for care services is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

The surplus on disposal of tangible fixed assets is defined as the difference between the gross proceeds received and the net book value of the asset immediately prior to disposal after deducting any costs directly associated with the disposal.

Income from the Government in respect to the Covid-19 pandemic is accounted for when the Charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Other income is measured at fair value and accounted for on an accruals basis.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings. The classification between activities is as follows:

Expenditure on raising funds includes expenditure associated with raising funds for the Charity. This comprises those investment management fees charged directly to the Charity. Fees in respect to those investments which comprise pooled investment vehicles, including common investment funds, are inherent within the relevant investment holding.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Expenditure recognition (continued)

Expenditure on charitable activities includes all costs associated with furthering the charitable purposes of the Charity through the provision of its charitable activities. Such costs include direct and indirect expenditure on the provision of care services at the Charity ’ s care home in Blackley, Manchester, direct and support costs in respect to the support of members of the Congregation and enabling their ministry (including governance costs) and the provision of charitable grants and donations.

Charitable grants and donations are made where the Trustees consider there is real need following a review of the details of each particular case and comprise single year payments rather than multi-year grants. Grants and donations are included in the statement of financial activities when approved for payment. Provision is made for grants and donations approved but unpaid at the period end.

All expenditure is stated inclusive of irrecoverable VAT.

Allocation of support and governance costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the Charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment. Such costs are identifiable in respect to each charitable activity and hence they are allocated to the appropriate heading directly. There has been no apportionment between headings in the statement of financial activities.

Governance costs comprise the costs involving the public accountability of the Charity (including audit costs) and costs in respect to its compliance with regulation and good practice.

Governance costs are allocated in full to support of members of the Congregation and their ministry.

Tangible fixed assets

Non-specialised buildings

Non-specialised buildings (freehold and long leasehold) are defined as those designed as, and used wholly or mainly for, private residential use. Those owned as at 1 April 2016 are included in these accounts at their net book value as at that date, being the date on which they were transferred to the Charity. This net book value equates to their cost or deemed cost (as defined by FRS 102) as at that date. Additions since 1 April 2016 are included at cost. No depreciation is charged on such buildings. Their value and condition are reviewed annually by the trustees who are satisfied that their residual value is not materially less than their book value.

Specialised buildings

Specialised buildings comprise the Charity ’ s care homes, health care establishments and large residential convents. Those owned at 1 April 2016 are included in these accounts at their net book value as at that date, being the date on which they were transferred to the Charity. This net book value equates to their cost or deemed cost (as defined by FRS 102) minus accumulated depreciation as at that date. Additions since 1 April 2016 are included at cost. Depreciation is provided at 2% per annum on a straight line basis in order to write off the buildings over their estimated useful life to the Charity.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Tangible fixed assets (continued)

Expenditure on the purchase and replacement of furniture and equipment and motor vehicles costing more than £2,000 is capitalised and depreciated over a five year period on a straight-line basis.

Fixed asset listed investments

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.

The Charity does not acquire put options, derivatives or other complex financial instruments.

As noted above the main form of financial risk faced by the Charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

Realised gains (or losses) on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.

Fixed asset property investments

Investment properties (i.e. those not occupied by the Charity but rented out at a commercial rental) are included on the balance sheet at fair value deemed to be current open market valuation. These properties are not depreciated.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the Charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Pension contributions

The Charity offers its employees membership of a defined contribution pension scheme administered by NOW Pensions Trustees Limited. Contributions to the scheme are debited to the statement of financial activities in the year in which they are payable to the scheme. The assets of the scheme are held by an independent corporate trustee, whose activities are governed by the National Employment Savings Trust Order 2010, made by the Secretary of State in exercise of powers conferred under the Pension Act 2008.

Fund structure

The income funds of the Charity are, in the main, unrestricted and therefore are available for use in furtherance of the Charity ’ s objectives at the discretion of the Trustees. Within the total unrestricted funds of the Charity the Trustees have identified those unrestricted funds representing the net book value of tangible fixed assets other than those applied for care services (see note 19) and amounts designated for specific purposes (see note 20).

Details of funds raised for a specific purpose, or subject to donor imposed conditions, and therefore restricted, are given in note 18.

The special trust fund comprises property assets which are held on trust by the Charity (see note 21).

Services provided by members of the Congregation

For the purposes of these accounts, no monetary value has been placed on administrative and other services provided by the members of the Congregation.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

Notes to the accounts

1 Income from: Donations and legacies

Unrestricted
funds
£		 Restricted
funds
£		 Total
2022
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
2021
£
Salaries and pensions of individual
religious received under gift aid
compliant deed of covenant
Legacies and other donations		 590,583
3,073		 —
**— **
590,583

3,073		 591,801
125,305		 —
—		 591,801
125,305
593,656 **— **
593,656		 717,106 — 717,106

2 Income from: Investments and interest receivable

Unrestricted
funds
£		 Restricted
funds
£		 Total
2022
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
2021
£
Investment income from:
Equities
Government stock
Common investment funds or
Charity Authorised Investment
Funds
Fixed interest
Interest on cash held by
investment managers
Bank interest
Rental income		 311,737
2,265
907,537
35,008
20		 3,058
20
39,338
343
—		 314,795
2,286
946,874
35,351
20		 267,663
2,220
908,794
82,105
48		 2,286
19
134,716
701
—		 269,949
2,239
1,043,510
82,806
48
1,256,566
6,352
62,913		 42,760
—
—		 1,299,326
6,352
62,913		 1,260,830
7,773
116,788		 137,722
—
—		 1,398,552
7,773
116,788
1,325,831 42,760 1,368,591 1,385,391 137,722 1,523,113

3 Income from: Surplus on disposal of tangible fixed assets

Unrestricted
funds
£		 Restricted
funds
£		 Total
2022
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
2021
£
Surplus on disposal of:
. Leasehold property
. Motor vehicles		 187,782
19,127		 —
—		 187,782
19,127		 50,317
12,057
—

—		 50,317
12,057
206,909 — 206,909 62,374
—		 62,374

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

4 Expenditure on: Provision of care services

Unrestricted
funds
£		 Restricted
funds
£
Total
2022
£
Unrestricted
funds
£
Restricted
funds
£
Total
2021
£
Staff costs
Premises
Supplies and services
Management and
administration expenses		 —
61,603
—
**— **		 349,744
95,521
38,934

55,649		 349,744
157,124
38,934
55,649		 —
61,603
—

—		 356,158
70,076
53,245

10,682		 356,158
131,679
53,245
10,682
61,603 539,848 601,451 61,603 490,161 551,764

5 Expenditure on: Support of members of the Congregation and their Ministry

Unrestricted
funds
£
Restricted
funds
£		 Total
2022
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
2021
£
Staff costs
Premises
Sisters' living and ministry
expenses
Education, training and spiritual
renewal
Governance costs (note 7)		 379,179
381,364
333,670
5,899
80,507
218,345

114,317

159,508

2,320

—		 597,524
495,681
493,178
8,219
80,507		 424,894
327,121
328,109
2,294
76,268		 157,160
136,710
124,174
1,143
—		 582,054
463,831
452,283
3,437
76,268
1,180,619
494,490		 1,675,109 1,158,686 419,187 1,577,873

6 Expenditure on: Donations and support of missions

Unrestricted
funds
£		 Restricted
funds
£		 Total
2022
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
2021
£
Donations to Generalate of the
Congregation
Donations to Congregational
projects in Angola, Myanmar
and Sri Lanka
Aquinas Scholarships
Donation to Anawim
Donations to other institutions		 40,168
74,781
40,000
17,000
25,124		 —
—
—
—
—		 40,168
74,781
40,000
17,000
25,124		 35,000
75,000
40,000
17,000
80,958		 —
—
—
—
—		 35,000
75,000
40,000
17,000
80,958
197,073 — 197,073 247,958 — 247,958

7 Governance costs

Governance costs
Unrestricted
funds
£		 Restricted
funds
£		 Total
2022
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
2021
£
Professional fees
Meeting costs		 58,079
22,428		 —
—		 58,079
22,428		 72,128
4,140		 —
—		 72,128
4,140
80,507 — 80,507 76,268 — 76,268

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

8 Net income (expenditure) before net investment gains

This is stated after charging (crediting):

Unrestricted
funds
£		 Restricted
funds
£		 Total
2022
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
2021
£
Staff costs (note 9)
Depreciation
Surplus on disposal of tangible fixed
assets (note 3)
Auditor’s remuneration (including
VAT)
. Statutory audit
- Current year
- Prior year
. Other services - advisory		 379 ,179
193,076
(206,909)
45,900
470
4,380		 568,089
—
—
—
—
—		 947,268
193,076
(206,909)
32,940
—
17,810		 424,894
172,719
(62,374)
33,508
9,360
25,190		 513,318
—
—
—
—
—		 938,212
172,719
(62,374)
33,508
9,360
25,190

9 Staff costs and remuneration of key management

Staff costs and remuneration of key management
2022
£		 2021
£
Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension contributions
Redundancy payments
Agency staff
Staff costs per function were as follows:
Charitable activities
. Provision of care services
. Support of members of the Congregation and their Ministry
803,979
45,067
38,681
52,320
7,221		 850,206
50,824
32,185
4,997
—
947,268 938,212



349,744
597,524		 356,158
582,054
947,268 938,212

No employee earned £60,000 per annum or more (including taxable benefits) during the year (2021 - no employee).

The average number of employees during the year, calculated on an average headcount basis and analysed by function, was as follows:

2022 2021
**Average ** Average
Charitable activities
. Provision of care services 21 21
. Support of members of the Congregation and their Ministry 32 38
53 59

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

9 Staff costs and remuneration of key management (continued)

The Trustees consider that they together with the Finance Administrator, the Care Home Manager of St Euphrasia’s Care Home, the Care Home Manager at Redcote Care Home and the Blackley Convent Manager comprise the key management personnel of the Charity in charge of directing and controlling, running and operating the Charity on a day to day basis.

The total remuneration (including taxable benefits, employers’ national insurance and pension contributions) of the key management personnel for the year was £147,297 (2021 - £156,706).

10 Trustees’ expenses and remuneration and transactions with trustees

As members of the Congregation, the Trustees’ living and personal expenses during the year were borne by the Charity but they received no remuneration or reimbursement of expenses in connection with their duties as Trustees or members of key management during the year.

As members of the Congregation, none of the Trustees have resources of their own as all earnings, pensions and other income have been donated to the Charity under a Gift Aid compliant Deed of Covenant. During the year, the total amount donated by the Trustees to the Charity was £26,674 (2021 - £57,007).

11 Taxation

The English Province of the Congregation of our Lady of Charity of the Good Shepherd CIO is a registered charity and, therefore, is not liable to taxation on income or gains derived from its charitable activities, as they fall within the various exemptions available to registered charities.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

12 Tangible fixed assets

Land and buildings Land and buildings Land and buildings Furniture
and
equipment
£		 Motor
vehicles
£		 Total
£
Freehold Long
leasehold
Non-
specialised
£		 Specialised
£		 Non-
specialised
£
Cost or valuation
At 1 April 2021
Additions
Disposals and elimination of fully written
down items
At 31 March 2022
At cost
At deemed cost (based on 1995
valuation)
Depreciation
At 1 April 2021
Charge for the year
On disposals and eliminated of fully
written down items
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021		 2,680,394
—
—		 8,349,542
149,148
—
1,901,053

—

(418,139)		 123,901
15,935
—		 153,462
60,060

(24,004)		 13,208,352

225,143
(442,143)
2,680,394 8,498,690
1,482,914		 139,836 189,518 12,991,352
2,474,530
205,864		 5,697,710
2,800,980
1,482,914

—
139,836
—
189,518

—		 9,984,508
3,006,844
2,680,394 8,498,690
1,482,914		 139,836
189,518		 12,991,352
130,749
—
—		 1,640,828
169,974
—
31,462

—

—
117,027
5,709
—

138,449

17,393

(24,004)		 2,058,515

193,076
(24,004)
130,749 1,810,802
31,462		 122,736
131,838		 2,227,587
2,549,645 6,687,888 1,451,452

17,100

57,680		 10,763,765
2,549,645 6,708,714
1,869,591		 6,874 15,013 11,149,837

Long leasehold land and buildings are held on leases substantially in excess of 50 years.

As permitted under Financial Reporting Standard FRS 102, the Charity has adopted a policy of not revaluing its tangible fixed assets. Land and buildings owned at 1 April 2016 are included in the accounts at their net book value as at that date, being the date on which they were transferred to the Charity. This is defined as original cost or deemed cost (as defined by FRS 102) minus accumulated depreciation where relevant. All other assets owned at 1 April 2016 are stated at their net book value as at that date, being the date on which they were transferred to the Charity and equating to their original cost less depreciation. All assets acquired on or after 1 April 2016 are valued at cost less accumulated depreciation where relevant.

It is likely that there are material differences between the open market values of the Charity ’ s land and buildings and their book values. These arise from the specialised nature of some properties and the effects of inflation. The amount of such differences cannot be ascertained without incurring significant costs, which, in the opinion of the trustees, is not justified in terms of the benefit to the users of the accounts.

The historical cost of the land and buildings included above at a valuation cannot be ascertained with accuracy.

Capital commitments

At 31 March 2022, the Charity had the following capital commitments in respect to additions to freehold land and buildings:

freehold land and buildings:
2022
£		 2021
£
Contracted but notprovided for — 78,000

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

13 Investments

Investments
2022
£		 2021
£
Listed investments
Market value at 1 April 2021
Additions at cost
Disposals (proceeds: £931,230; gains: £97,925)
Net unrealised investment gains
Market value at 31 March 2022
Cash held by investment managers for re-investment
Cost of listed investments		 46,482,109
1,237,552
(833,305)
2,081,327		 38,201,802
1,788,158
(1,909,957)
8,402,106
48,967,683
562,915		 46,482,109
408,602
49,530,598 46,890,711
38,740,907 38,192,140

The listed investments at 31 March 2022 comprised the following:

2022
£
2021
£
UK Equities
UK Fixed Interest
Overseas Equities
Overseas fixed interest fund
UK Common Investment Funds or Charity Authorised Investment Funds		 5,845,475
1,267,211
6,518,824
245,145
35,091,028
5,832,107

1,165,121

5,519,209

192,326

33,773,346
48,967,683
46,482,109

All listed investments held directly or through funds were dealt in on a recognised stock exchange.

The following holdings comprised material holdings when compared to the value of the total listed investment portfolio at 31 March 2022:

Value of
holding
£		 Percentage
of the
market
value
%

21.60%

48.77%
2,199,999
—
—
2,199,999
Blackrock Catholic Charities Growth & Income A Inc
Sarasin Endowments Fund Class A Inc		 10,576,124
23,880,207
Investment properties
At 1 April 2021
Disposals (proceeds: £1,592,563; gains: £686,563)
Revaluation
At 31 March 2022		 2,199,999
(906,000)
412,609
1,706,609

The investment properties were revalued by the trustees at 31 March 2022 on an open market basis with the assistance of professionals with knowledge of the localities in which the properties are situated.

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

14 Programme related investments

The Charity leases one of its properties in Birmingham at a peppercorn rent to Jericho, an organisation that uses the property for purposes consistent with the Charity ’ s charitable objectives. The property, which was previously shown as an investment property, was reclassified as a programme related investment in 2019. The value at which the programme related investment is included in the accounts is equivalent to its net book value immediately prior to reclassification.

2022
£
2021
£
At 1 April 2021 and at 31 March 2022 250,000 250,000

15 Debtors

Debtors
2022
£
2021
£
Investment income
Prepayments
Other debtors
Accrued income		 11,737
27,414
35,772
**— **		 535,207
12,172
42,609
55,570
74,923 645,558

16 Creditors: amounts falling due within one year

2022 2021
£ £
Monies held on behalf of individual members of the Congregation 31,540 32,995
Expense creditors and accruals 88,756 118,312
Additions to tangible fixed assets 49,742 366,581
Care fees received in advance 3,341 6,554
Other creditors 3,399 61,320
Other taxation and social security costs 5,743 —
Grants payable 30,000 30,000
212,521 615,762

17 Creditors: amounts falling due after one year

Creditors: amounts falling due after one year
2022
£
2021
£
Grantspayable 30,000 60,000

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18 Restricted funds

The income funds of the Charity include restricted funds comprising the following:

At 1 April
2021
£		 Income
£		 Expenditure
£		 Investment
gains
£		 At
31 March
2022
£
St Mary’s Home fund
International funds
Finchley fund
Covid 19 fund		 135,306
343,588
1,865,374
23,312		 3,567
9,057
9,959
20,177		 (1)
(1)
(1,014,161)
(20,177)
5,953
15,117
294,556
**— **
144,825
367,761
1,155,728
23,312
2,367,580 42,760 (1,034,340) 315,626 1,691,626
At 1 April
2020
£		 Income
£		 Expenditure
£		 Investment
gains
£		 At
31 March
2021
£
St Mary’s Home fund
International funds
Finchley fund
Covid 19 fund		 111,590
283,362
1,823,222
—		 3,347
8,499
125,876
45,186		 (5)
(13)
(887,473)
(21,874)		 20,375
51,740
803,748
—		 135,307
343,588
1,865,373
23,312
2,218,174 182,908 (909,365) 875,863 2,367,580

St Mary ’ s Home fund

The assets of this fund are used exclusively for the support of the religious, educational and welfare work of the Order among girls and young women, preferably in Hampshire. The assets are not to be used for the general purposes of the Congregation and, therefore, the Trustees consider this fund to be restricted.

International funds

The funds are restricted to work carried out by the Congregation overseas.

Finchley fund

The Finchley fund represents sale proceeds from the disposal of a property held at Finchley, London, together with the proceeds from past part disposals of other property on the same site. Under the terms of the trust deed under which the property was held, any proceeds from the disposal of the property must be applied in England.

Covid 19 fund

This is funding specifically for infection control at St Euphrasia’s.

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19 Tangible fixed assets fund

Tangible fixed assets fund
2022
£		 2021
£
At 1 April 2021
Net movement in year
At 31 March 2022		 5,821,703
**(408,887) **		 5,870,455
(48,752)
5,412,816 5,821,703

The tangible fixed assets fund represents the net book value of the Charity ’ s tangible fixed assets excluding those used for care services. A decision was made to separate this fund from the general fund and other designated funds of the Charity in recognition of the fact that the tangible fixed assets are essential to the day-to-day work of the Charity and as such their value should not be regarded as funds that would be realisable with ease, in order to meet future contingencies.

20 Designated funds

The income funds of the Charity include the following designated funds, which have been set aside out of unrestricted funds by the Trustees for specific purposes:

At 1 April
2021
£		 New
designations
£		 Utilised/
released
£		 At
31 March
2022
£
Anawim support fund
Congregational giving fund
Care services–Blackley
Care services–Southampton
Southampton development fund
Retirement reserve
Shepherd’s Purse fund
National Inquiry fund		 149,984
19,374,708
1,990,238
1,134,500
1,500,000
14,500,000
60,000
6,693		 —
1,763,552
—
—
—
—
—
—		 (17,000)
—
(156,541)
(28,200)
—
(1,500,000)
1,940,000
—		 132,984
21,138,260
1,833,697
1,106,300
1,500,000
13,000,000
2,000,000
6,693
38,716,123 1,763,552 238,259 40,717,934
At 1 April
2020
£		 New
designations
£		 Utilised/
released
£		 At
31 March
2021
£
Anawim support fund
Congregational giving fund
Care services–Blackley
Care services–Southampton
Southampton development fund
Retirement reserve
Shepherd’s Purse fund
National Inquiry fund		 166,984
15,574,555
2,109,558
1,162,700
—
16,000,000
—
6,693		 —
3,800,153
—
—
1,500,000
—
60,000
—		 (17,000)
—
(119,320)
(28,200)
—
(1,500,000)
—
—		 149,984
19,374,708
1,990,238
1,134,500
1,500,000
14,500,000
60,000
6,693
35,020,490 5,360 ,153 (1,664,520)
38,716,123

Anawim Support fund

A fund has been designated to recognise the Charity ’ s commitment to provide support to – Anawim Women Working Together (Charity Registration Number: 1159706)

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

20 Designated funds (continued)

21 Special trust fund

Special trust fund
At 1 April
2021
£		 Income
£		 Expenditure
£		 Investment
gains
£
—		 At
31 March
2022
£
55,000
The Poncia Trust 55,000 — —
At 1 April
2020
£		 Income
£		 Expenditure
£
—		 Investment
gains
£
—		 At
31 March
2021
£
55,000
The Poncia Trust 55,000 —

The Poncia Trust

The special trust fund represents the Poncia Trust for which the Charity acts as trustee. The assets of the Poncia Trust comprise a property located at The Priory, 2 Maryland Drive, Birmingham B31 2AR and are held by the Trust as permanent endowment for the furtherance of the religious and other charitable work of the Congregation in the city or vicinity of Birmingham. In accordance with a vesting Direction dated 29 June 2018, the property is held by the Charity.

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22 Analysis of net assets between funds

General
funds
£		 Tangible
fixed assets
fund
£
Designated
funds
£		 Restricted
funds
£		 Special
trust fund
£		 Total
funds
£
Fund balances at 31 March
2022 are represented by:
Tangible fixed assets
Investments
Programme related
investments
Net current assets
Long term creditors
)Total net assets		 —
14,123,596
250,000
4,640,022
(30,000)		 5,412,816

—

—

—
**— **		 5,295,949
35,421,985
—

—

—		 —
1,691,626
—
—
—		 55,000
—
—
—
—		 10,763,765
51,237,207
250,000
4,640,022
(30,000)
18,983,618 5,412,816 40,717,934 1,691,626 55,000 66,860,994
General
Funds
£


Tangible
fixed assets
fund
£
Designated
funds
£		 Restricted
funds
£		 Special trust
fund
£
Total
funds
£
Fund balances at 31 March
2021 are represented by:
Tangible fixed assets
Investments
Programme related
investments
Net current assets
Long term creditors
Total net assets		 —
13,280,141
250,000
3,315,102
(60,000)
5,821,703

—

—

—
—
5,273,134
33,442,989

—

—

—		 —
2,367,580
—
—
—		 55,000
—
—
—
—		 11,149,837
49,090,710

250,000

3,315,102

(60,000)
16,785,243
5,821,703		 38,716,123 2,367,580 55,000 63,745,649

The total unrealised gains as at 31 March 2022 constitutes movements on revaluation and are as follows:

2022
£		 2021
£
Unrealised gains (losses) on listed investments included above:
On investments
Total unrealised gains at 31 March 2022
Reconciliation of movements in unrealised gains (losses)
Unrealised gain at 1 April 2021
In respect to disposals of listed investments in the year
Net gains arising on revaluation of listed investments arising in the year
Total unrealisedgains at 31 March 2022		 10,226,776 8,289,969
10,226,776 8,289,969
8,289,969
(144,520)
2,081,327		 (173,998)
61,861
8,402,106
10,226,776 8,289,969

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

23 Ultimate control and members’ liability

The Charity, which is constituted as a CIO, was controlled throughout the period by The English Province of the Congregation of Our Lady of Charity of the Good Shepherd CIO by virtue of the fact that the Province Leader, who is the sole member of the CIO, appoints the trustees.

If the CIO is wound up, the member of the CIO has no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

24 Contingent liabilities

A contingent liability arises in respect to claims that may arise as a result of allegations that have been made regarding the standard of care provided to children and young people in residential establishments operated by the Congregation in the past. There are currently two National Inquiries into historical child abuse in England and Wales and in Scotland. The Congregation and the Charity are co-operating in any way that they can to support the work of the Inquiries. The historic nature of these allegations mean that the trustees have only limited facts available to them and at present they are unable to quantify any possible liability should one arise.

25 Grant commitments

At 31 March 2022 the Trustees had committed to make grants subject to certain conditions being met by the intended recipients. Grants committed to overseas provinces of the Congregation comprised £25,000 to Vietnam (2021 - £50,000). The Trustees had also committed, for the foreseeable future, to part fund the salary costs of an employee at AnawimWomen Working Together amounting to £17,000 in the year to 31 March 2023 (2022: £17,000).

26 Related party transactions

Sister Anne Josephine Carr is a trustee of ‘Anawim-Women Working Together’. During the year,

part of a salary for an employee of Anawim was financed by the Charity at a cost of £17,000 (2021 - £17,000). This commitment will continue into 2023 (see note 25). In addition, in 2021 a further donation of £9,212 was made by the Charity to Anawim – no such additional donation was made in 2022.

Other than the receipt of donations from the Trustees (see note 10), there were no related party transactions during the year which required disclosure (2021 - none).

27 Post balance sheet events

Since the year end the following property sales have been completed:

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ANNUAL REPORT 1 APRIL 2021 – 31 MARCH 2022

27 Post balance sheet events (continued)

The English Province of the Congregation of Our Lady of Charity of the Good Shepherd CIO | Page 69