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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe CIO, its Trustees|and advisers||
|Trustees'<br>report||||2-5|
|Independent<br>auditor's|report|on the financial statements||6-8|
|Statement<br>offinancial|activities||||
|Balance sheet||||10|
|Statement<br>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<br>Road|||||
|||Aldridge|||||
|||Walsall|||||
|||WS9 8UH|||||
|Independent|auditor|Dains LLP|||||
|||St John's Court|||||
|||Wiltell Road|||||
|||Lichfield|||||
|||Staffordshire|||||
|||WS14 9DS|||||
|Bankers||National<br>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|||||





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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2019|
||||Note|F|F||
|Income from:|||||||
|Donations<br>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<br>on:|||||||
|Raising funds||||56,811|56,811|51,797|
|Charitable<br>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<br>in||funds before other recognised|||||
|gains/(losses)||||132,405|132„405|661,088|
|Other recognised||gains/(losses):|||||
|Movement<br>in foreign exchange||||99,848|99,848|(6,550)|
|||||232„253|232,253|654,538|
|Net movement<br>in||funds|||||
|Reconciliation<br>of||funds:|||||
|Total funds<br>brought||forward||6,481„981|6,481,981|5,827,443|
|Net movement<br>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<br>in operating|activities||17|29,016|(187,786)|
|Cash flows from investing|||activities|||||
|Dividends,||interests<br>and rents from investments||||131,029|141,221|
|Purchase||oftangible<br>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<br>in investing|activities|||(131,819)|(245,778)|
|Change|in cash and cash||equivalents<br>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||||||





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||||||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<br>of expenditure<br>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|





## 

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||||||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<br>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|





## 

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|||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<br>offun|ds<br>- 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<br>-current<br>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<br>funds<br>- 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<br>for:|||||||
||Depreciation<br>charges|||||6,830|8,563|
||Gains/(losses)<br>on investments|||||24,830|(692,545)|
||Dividends,<br>interests<br>and rents||from investments|||(131,029)|(141,221)|
||Decrease/(increase)|in debtors||||389|(22,237)|
||Decrease<br>in creditors|||||(211)|(1,434)|
||Net cash provided<br>by/(used||in) operating|activities||33,214|(187,786)|
|18.|Analysis<br>ofcash and cash equivalents|||||||
|||||||2020|2019|
|||||||F|E|
||Cash<br>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|



##