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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|6-9|
|Statement offinancial|activities||10|
|Balance sheet||||
|Statement ofcash flows|||12|
|Notes to the financial|statements||13-25|





|Trustees||Sister Anne|Tynan||||
|---|---|---|---|---|---|---|
|||Sister Marie-Line||Monique||Rioux|
|||Sister Anne|Marie|Eden|||
|||Sister Marie|Kiernan||||
|||Victor 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|||||
|||StJohn's Court|||||
|||Wiltell Road|||||
|||Lichfield|||||
|||Staffordshire|||||
|||WS14 9DS|||||
|Bankers||National<br>Westminster|||Bank|Plc|
|||8 Market Street|||||
|||Tamworth|||||
|||Staffordshire|||||
|||B797LS|||||
|Solicitors||Glover Priest Solicitors|||Limited||
|||T/a Argyles|Solicitors||||
|||43Albert Road|||||
|||Tamworth|||||
|||Staffordshire|||||
|||B797JS|||||
|Investment|Fund|Investec Plc|||||
|Managers||Colmore Plaza|||||
|||Colmore Circus|||||
|||Birmingham|||||
|||B46AT|||||





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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
||||Note|E|E||
|Income from:|||||||
|Donations<br>and|legacies|||102,499|102,499|127,053|
|Investments||||133,090|133,090|131,029|
|Other income||||||2,850|
|Total income||||235,589|235,589|260,932|
|Expenditure<br>on:|||||||
|Raising funds||||56,689|56,689|56,811|
|Charitable<br>activities||||237,157|237,157|233,178|
|Total expenditure||||293„846|293,846|289,989|
|Net expenditure|before net gains on investments|||(58,257)|(58,257)|(29,057)|
|Net gains/(losses)||on investments||672,828|672,828|161,462|
|Net movement|in|funds before other recognised|||||
|gains/(losses)||||614„571|614,571|132,405|
|Other recognised||gains/(losses):|||||
|Movement<br>in foreign exchange||||(139,967)|(139,967)|99,848|
|Net movement|in|funds||474,604|474,604|232,253|
|Reconciliation|of|funds:|||||
|Total funds brought||forward||6„714,234|6,714,234|6,481,981|
|Net movement|in funds|||474,604|474,604|232,253|
|Total funds carried forward||||7,188,838|7,188,838|6,714,234|





## 




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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|||
|Cash flows from operating|||activities|||||
|Net cash||used<br>in operating|activities||17|(184,461)|29,016|
|Cash flows from investing|||activities|||||
|Dividends,||interests<br>and rents from investments||||133,090|131,029|
|Purchase||oftangible<br>fixed assets|||||(7,177)|
|Proceeds||from sale of investments||||890,244|1,273,178|
|Purchase||of investments||||(667,375)|(1,528,849)|
|Net cash||provided<br>by/(used<br>in) investing||activities||355,959|(131,819)|
|Change|in cash and cash||equivalents<br>in|the year||171,498|(102,803)|
|Cash and||cash equivalents|at the beginning|ofthe year||278,484|381,287|
|Cash and||cash equivalents|at the end of|the year|18|449,982|278,484|
|The notes||on pages 13to 25 form part ofthese financial statements||||||





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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2021|
||Pensions|and salaries||102,499|102,499|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2020|2020|
||Gifts and|donations||17,687|17,687|
||Pensions|and salaries||109,366|109,366|
|||||127,053|127,053|
|4.|Investment||income|||



||||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2021|2021|
||||||||F||
|Income|from|UK|8|Ireland|listed|investments|133,090|133,090|
||||||||Unrestricted|Total|
||||||||funds|funds|
||||||||2020|2020|
|||||||||E|
|income|from|UK|8|Ireland|listed|investments|131,029|131,029|





## 

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|Profit|on|sale|offixed|assets|||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2020|2020|
||||||F||
|Profit|on|sale|offixed|assets|2,850|2,850|



## 

||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
||||F||
|Investment|management|fees|56,689|56,689|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|Investment|management|fees|56,811|56,811|





## 

## 

|Activities|||
|---|---|---|
|undertaken|Governance|Total|
|directly|costs|funds|
|2021<br>F|2021|2021f|
|176,227|4,470|180,697|
|55,189|1,271|56,460|
|231,416|5,741|237,157|



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





## 

||||||Total|
|---|---|---|---|---|---|
||||England|Ireland|funds|
||||2021|2021|2021|
||||E|E||
|Depreciation|||6,952|777|7,729|
|Grants and|donations||4,248|507|4,755|
|Community|expenses||18,184|6,369|24,553|
|Travel and|retreats||4,357|450|4,807|
|Other regional expenses|||2,004|1,232|3,236|
|Nursing<br>home costs|||140,482|45,854|186,336|
||||176,227|55,189|231,416|
||||||Total|
||||England|Ireland|funds|
||||2020|2020|2020|
||||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<br>home costs|||123,871|46,413|170,284|
||||167,533|63,194|230,727|
|Analysis ofsupport||costs||||
|||||Total|Total|
|||||funds|funds|
|||||2021|2020f|
|Auditor's<br>remuneration||||2,000|2,000|
|Legal and professional||costs||3,741|451|
|||||5,741|2,451|





## 

|This is stated|after charging:|after charging:|||
|---|---|---|---|---|
|Depreciation|oftangible|fixed assets|7,729|6,830|
|Auditor's<br>remuneration||- audit|2,000|2,000|



## 

## 

||Motor|Fixtures and||
|---|---|---|---|
||vehicles|fittings|Total|
|||F|F|
|Cost||||
|At 1 January 2021|50,177|10,501|60,678|
|At 31 December 2021|50,177|10,501|60,678|
|Depreciation||||
|At 1 January 2021|22,703|1,891|24,594|
|Charge for the Year|6,868|861|7,729|
|At 31 December 2021|29,571|2,752|32323|
|Net book value||||
|At 31 December 2021|20,606|7„749|28,355|
|At 31 December 2020|27,474|8,610|36,084|





## 

|||Listed|Cash trading||
|---|---|---|---|---|
|||investments|accounts|Total|
|||||F|
|Market value|||||
|At 1 January 2021||6„367,006|182,055|6,549,061|
|Additions||667,375|840,574|1,507,949|
|Disposals||(897,263)|(672,824)|(1,570,087)|
|Revaluations||672,828||672,828|
|Foreign exchange|movement|('l33,004)|(2,182)|(135,186)|
|At 31 December 2021||6,676,942|347,623|7,024,565|
|Net book value|||||
|At 31 December 2021||6,676,942|347,623|7,024,565|
|At 31 December 2020||6,367,006|182,055|6,549,061|



## 

||2021|2020f|
|---|---|---|
|Prepayments|41„046|41,221|
||41,046|41,221|



## 

|||2021|2020|
|---|---|---|---|
|Other creditors||1,075||
|Accruals and deferred|income|9„116|11,209|
|||10,191|11,209|





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||||||||||Balance at|
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at 1||||31|
||||||January|||Gains/|December|
||||||2021|Income|Expenditure|(Losses)|2021|
|||||||||E|F|
|Unrestricted<br>funds||||||||||
|Designated<br>funds||||||||||
|Sisters'|personal||funds||8,462||||8,462|
|General|funds|||||||||
|General|Funds||||6,705,772|235,589|(293,846)|532,86'I|7,180,376|
|Total Unrestricted||||funds|6,714,234|235,589|(293,846)|532,861|7,188,838|
|Statement offunds||||- prior year||||||
||||||||||Balance at|
||||||Balance at||||31|
||||||1January|||Gains/|December|
||||||2020|Income|Expenditure|(Losses)|2020|
||||||F|E||E||
|Unrestricted<br>funds||||||||||
|Designated<br>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|





## 

|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||31|
|||January|||Gains/|December|
|||2021|Income|Expenditure|(Losses)|2021|
||||F|F|F|E|
|Designated|funds|8,462||||8,462|
|General funds||6,705,772|235,589|(293,846)|532„861|7,180,376|
|||6,714,234|235,589|(293,846)|532,861|7,188,838|



|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at||||31|
|||1January|||Gains/|December|
|||2020|Income|Expenditure|(Losses)|2020|
|||E|||F|E|
|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|



## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
||||E|
|Tangible|fixed assets|28,355|28,355|
|Fixed asset investments||7,024,565|7,024,565|
|Current|assets|146,109|146,109|
|Creditors|due within one year|(10,191)|(10„191)|
|Total||7,188,838|7,188,838|





## 

## 

|Analysis|of net assets between<br>funds - prior year|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|||F||
|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|



## 

## 

|||||2021|2020|
|---|---|---|---|---|---|
||||||F|
|Net income for the|year (as per Statement||of Financial Activities)|614,571|132,405|
|Adjustments<br>for:||||||
|Depreciation<br>charges||||7,729|6,830|
|(Losses)/gains<br>on investments||||(672,828)|24,830|
|Dividends,<br>interests|and rents|from investments||(133,090)|(131,029)|
|Decrease<br>in debtors||||175|389|
|Decrease<br>in creditors||||(1,018)|(211)|
|Net cash provided|by/(used|in) operating|activities|(184,461)|33,214|



## 

|||2021|2020|
|---|---|---|---|
|||F||
|Cash|in hand|105,063|99,077|
|Notice|deposits (less than 3 months)|344,919|179,407|
|Total|cash and cash equivalents|449,982|278,484|





## 

|||||||At 1||At 31|
|---|---|---|---|---|---|---|---|---|
|||||||January||December|
|||||||2021|Cash flows|2021|
|||||||||E|
|Cash|at|bank|and|in|hand|99,077|5,986|105,063|



##