2020-12-31-accounts

				Page
Reference and administrative		details ofthe CIO, its Trustees	and advisers
Trustees' report				2-5
Independent auditor's	report	on the financial statements		6-8
Statement offinancial	activities
Balance sheet				10
Statement ofcash flows
Notes to the financial	statements			12-24

Trustees		Sister Anne	Tynan
		Sister Marie-Line		Monique		Rioux
		Sister Anne	Marie	Eden
		Sister Marie	Kiernan
		Vic Hanson
Regional Superior		Sister Anne	Tynan
Charity registered
number		1172513
Principal office		StJoseph's	Convent
		The Hawthorns
		Erdington Road
		Aldridge
		Walsall
		WS9 8UH
Independent	auditor	Dains LLP
		St John's Court
		Wiltell Road
		Lichfield
		Staffordshire
		WS14 9DS
Bankers		National Westminster			Bank	Pic
		8 Market Street
		Tamworth
		Staffordshire
		B797LS
Solicitors		Glover Priest Solicitors			Limited
		T/a Argyles	Solicitors
		43 Albert Road
		Tamworth
		Staffordshire
		B797JS
Investment	Fund	Investec Pic
Managers		Colmore Plaza
		Colmore Circus
		Birmingham
		B46AT

				Unrestricted	Total	Total
				funds	funds	funds
				2020	2020	2019
			Note	F	F
Income from:
Donations and legacies				127,053	127,053	123,354
Investments				131,029	131,029	141,221
Other income				2,850	2„850
Total income				260,932	260,932	264,575
Expenditure on:
Raising funds				56,811	56,811	51,797
Charitable activities				233,178	233,178	244,235
Total expenditure				289,989	289,989	296,032
Net expenditure	before net gains on investments			(29,057)	(29,057)	(31,457)
Net gains/(losses)		on investments		161,462	161,462	692,545
Net movement in		funds before other recognised
gains/(losses)				132,405	132„405	661,088
Other recognised		gains/(losses):
Movement in foreign exchange				99,848	99,848	(6,550)
				232„253	232,253	654,538
Net movement in		funds
Reconciliation of		funds:
Total funds brought		forward		6,481„981	6,481,981	5,827,443
Net movement in	funds			232,253	232,253	654,538
				6,714,234	6,714,234	6,481,981

						2020		2019
				Note				E
Fixed assets
Tangible assets				10		36,084		32,637
Investments				11		6,549„061		6,349,435
						6,585,145		6,382,072
Current assets
Debtors				12	41,221		40,501
Cash at bank	and	in	hand		99,077		70,828
					140,298		111,329
Creditors: amounts			falling due within one
year					(11,209)		(11,420)
Net current assets						129,089		99,909
Total net assets						6,714,234		6,481,981
Charity funds
Unrestricted	funds			14		6,714,234		6,481,981
Total funds						6,714,234		6,481,981

						2020	2019
					Note	F	F
Cash flows from operating			activities
Net cash		used in operating	activities		17	29,016	(187,786)
Cash flows from investing			activities
Dividends,		interests and rents from investments				131,029	141,221
Purchase		oftangible fixed assets				(7,177)	(5,035)
Proceeds		from sale of investments				1,273,178	483,590
Purchase		of investments				(1,528,849)	(865,554)
Net cash		used in investing	activities			(131,819)	(245,778)
Change	in cash and cash		equivalents in	the year		(102,803)	(433,564)
Cash and		cash equivalents	at the beginning	of the year		381,287	814,851
Cash and		cash equivalents	at the end of	the year	18	278,484	381,287
The notes		on pages 12 to 24 form part ofthese financial statements

					Unrestricted	Total
					funds	funds
					2020	2020
						E
Gifts and	donations				17,687	17,687
Pensions	and		salaries		109,366	109,366
					127,053	127,053
					Unrestricted	Total
					funds	funds
					2019	2019
					E	F
Donations					18,885	18,885
Legacies					'I04,469	104,469
					123,354	123,354
Investment		income
					Unrestricted	Total
					funds	funds
					2020	2020
						E
Income from			UK 8 Ireland	listed investments	131,029	131„029
					Unrestricted	Total
					funds	funds
					2019	2019
					E	E
Income from			UK 8 Ireland	listed investments	141,221	141,221

Unrestricted	Total	Total
funds	funds	funds
2020	2020	2019
E		E
2,850	2,850

			Unrestricted	Total
			funds	funds
			2020	2020
			E	E
Investment	management	fees	56,811	56„811
			Unrestricted	Total
			funds	funds
			2019	2019
			E
Investment	management	fees	51,797	51,797

	Activities
	undertaken	Governance	Total
	directly	costs	funds
	2020	2020	2020
		E	E
England	167,533	2,000	169,533
Ireland	63,194	451	63,645
Total 2020	230,727	2,451	233,178

Analysis of expenditure by activitie	s (continued)
	Activities
	undertaken	Governance	Total
	directly	costs	funds
	2019	2019	2019
	E		E
England	167,323	2,951	170,274
Ireland	73,961		73,961
Total 2019	241,284	2,951	244,235

					Total
			England	Ireland	funds
			2020	2020	2020
			E	F	F
Depreciation			5,878	952	6,830
Grants	and	donations	12,638	920	13,558
Community		expenses	13,993	13,853	27,846
Travel	and	retreats	4,288		4„288
Other regional expenses			6,865	1,056	7,921
Nursing	home costs		123,871	46,413	170,284
			167,533	63,194	230,727

							Total
					England	Ireland	funds
					2019	2019	2019
					E	F	F
Depreciation					7,052	1,511	8,563
Grants and			donations		3,153	370	3,523
Community			expenses		23,294	24,157	47,451
Travel and			retreats		13,139	175	13,314
Spiritual	development			courses	1,325		1,325
Other regional expenses					4,237	9,813	14,050
Nursing	home costs				115,123	37,935	153,058
					167,323	73,961	241,284
Analysis		ofsupport		costs
						Total	Total
						funds	funds
						2020	2019
							F
Auditor's	remuneration					2,000	2,000
Legal and		professional		costs		451	951
						2,451	2,951

This is stated	after charging:	after charging:
Depreciation	oftangible	fixed assets	6,830	8,563
Auditor's remuneration		- audit	2,000	2,000

	Motor	Fixtures and
	vehicles	fittings	Total
Cost
At 1 January 2020	48,906	9,869	58,775
Additions	14,545	632	15,177
Disposals	(13,274)		(13,274)
At 31 December 2020	50,177	10,501	60,678
Depreciation
At 1 January 2020	25,134	1,004	26„138
Charge for the Year	5,943	887	6,830
On disposals	(8,374)		(8„374)
At 31 December 2020	22,703	1,891	24,594
Net book value
At 31 December 2020	27,474	8,610	36,084
At 31 December 2019	23,772	8,865	32,637

		Listed	Cash trading	Cash trading
		investments		accounts	Total
		E
Market value
At 1 January 2020		6,038,976		310,459	6,349,435
Additions		1,528,849		1,417„028	2,945,877
Disposals		(1,286,064)		(1,547,282)	(2„833,346)
Revaluations		(24,830)			(24,830)
Foreign exchange	movement	110,075		1,850	111,925
At 31 December 2020		6„367„006		182,055	6,549,061
Net book value
At 31 December 2020		6,367,006		182,055	6,549„061
At 31 December 2019		6,038,976		310,459	6,349,435

			2020	2019
			E
	Prepayments		41,221	40,501
			41,221	40,501
13.	Creditors: Amounts	falling due within one year
			2020	2019
				F
	Accruals and deferred	income	11,209	11,420

										Balance at
					Balance at	1				31
					January				Gains/	December
					2020		Income	Expenditure	(Losses)	2020
						E		E	E	E
Unrestricted		funds
Designated		funds
Sisters'	personal		funds		8,462					8,462
General	funds
General	Funds				6,473,519		260,932	(289,989)	261,310	6,705,772
Total Unrestricted				funds	6,481,981		260,932	(289,989)	261,310	6,714,234

Stateme	nt offun	ds - prior Year
							Balance at
		Balance at					31
		1 January			Transfers	Gains/	December
		2019	Income	Expenditure	in/out	(Losses)	2019
Unrestricted
funds
Designated
funds
Sisters'	personal
funds					8,462		8,462
General	funds
General	Funds	5,827,443	264,575	(296,032)	(8,462)	685,995	6,473,519
Total
Unrestricted
funds		5,827,443		(296,032)		685,995	6,481,981

							Balance at
			Balance at 1				31
			January			Gains/	December
			2020	Income	Expenditure	(Losses)	2020f
Designated		funds	8,462				8,462
General	funds		6,473,519	260,932	(289,989)	261„310	6,705,772
			6,481,981	260,932	(289,989)	261,310	6,714,234

Summar	y offun	ds - prior Year
							Balance at
		Balance at					31
		1 January			Transfers	Gains/	December
		2019	Income	Expenditure	in/out	(Losses)	2019
		E	E	f.	E'
Designated
funds					8,462		8,462
General	funds	5,827,443	264,575	(296,032)	(8,462)	685,995	6,473,519
		5,827,443	264,575	(296,032)		685,995	6,481,981

Analysis	of net assets between funds -current pe	riod
		Unrestricted	Total
		funds	funds
		2020	2020
		F	E
Tangible	fixed assets	36,084	36,084
Fixed asset investments		6,549,061	6,549,061
Current	assets	140,298	140,298
Creditors	due within one year	(11,209)	(11,209)
Total		6,714,234	6,714,234

Analysis	of net assets between funds - prior perio	d
		Unrestricted	Total
		funds	funds
		2019	2019
		E
Tangible	fixed assets	32,637	32,637
Fixed asset investments		6,349,435	6,349,435
Current	assets	111,329	111,329
Creditors	due within one year	(11,420)	(11,420)
Tl		6,481,981	6,481,981

						2020	2019
	Net income for the period (as per Statement			of Financial	Activities)	132,405	661,088
	Adjustments for:
	Depreciation charges					6,830	8,563
	Gains/(losses) on investments					24,830	(692,545)
	Dividends, interests and rents		from investments			(131,029)	(141,221)
	Decrease/(increase)	in debtors				389	(22,237)
	Decrease in creditors					(211)	(1,434)
	Net cash provided by/(used		in) operating	activities		33,214	(187,786)
18.	Analysis ofcash and cash equivalents
						2020	2019
						F	E
	Cash in hand					99,077	70,828
	Notice deposits (less	than 3 months)				179,407	310,459
	Total cash and cash	equivalents				278,484	381,287

						At 1		At 31
						January		December
						2020	Cash flows	2020
							E	E
Cash	at	bank	and	in	hand	70,828	28,249	99,077