This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-06-30-accounts

TRUSTEES		Sister Eileen Donohoe	Sister Eileen Donohoe
		Sister Anne Bruder
		Sister Arlene Tomlinson
		Sister Margaret McPhee
CONTACT ADDRESS		c/o Haysmacintyrc	LLP
		10Queen Street Place
		London
		EC4R IAG
SOLICITORS		Pothecary Witham	Weld
		70StGeorges Square
		London
		SWIV 3RD
		Alexa Beale
INDEPENDENT EXAMINER		David Sewcll FCA
		Haysmacintyrc LLP
		10Queen Street Place
		London
		EC4R IAG
BANKERS		I.Icy&Is 13ank PLC
		llluckhcuth London	Branch
		P() 13ox 1000
		Ix)Itti011
		BXI II T
INVESTMENT	MANAGERS	Barclays Wealth Management
		I Churchill Place
		London
		E145HP
GOVERNING	INSTRUMENT	Charitable Incorporated		Organisation				(CIO) registcrcd 22 August
		2018
REGISTRATION NUMBER		1179634
OBJECT		Thc object of the Cl&) is such				charitable			purposes		as shall	advance
		thc religious and other charitable					work of		the Society as the			Trustees
		with thc approval of thc		Provincial				Superior		shall	I'rom time	to time
		think fit.
INVESTMENT	POWERS:	Trust moneys may	bc invested			in	any investmcnts				authorised	by law
		for the investment	of trust		funds		(and donations				in any investment
		authorised by the donor).

			2021		2020
		Notes
TANGIBLE FIXEDASSETS						2,457
INVESTMENTS				5,476,090		4,771,229
CURRENT ASSETS
Debtors			2,250		2,250
Cash at bank and in	hand		232,924		238,644
			235,174		240,894
Creditors: amounts	falling due within
une year			(16,500)		(16,500)
NET CURRENT ASSETS				218,674		224,394
				f5,694,76i4		K4,998,080
UNRESTRICTED	FUNDS
Designated				2,051,102		2,055,801
General				3,643,662		2,942,279
				f5.694,764		f4 99R,ORO

					2021	2021	2020	2020
					Unrestricted	Funds	Unrestricted	Funds
				Notes	g			g
INCOME FROM:
Donations and legacies:
Salaries, pensions	and related income					69,405		58,739
Investments						108,080		96,865
Total Income						177,485		155,604
EXPENDITURE	ON:
Raising funds:
Investment management			fees		30,068		18,622
Charitable activities:
Support of members		and	their ministry	8	126,788		132,758
Total Expenditure						(156,856)		(151,380)
						20,629		4,224
Net gains/(losses)	on	investments;
- Realised					58,603		106,406
—Unrealised					617,452		(244,581)
						676,055		(138,175)
Net income/(expenditure)						696,684		(133,951)
Reconciliation of	funds:
Total funds brought		forward				4,998,080		5,132,031
Total funds carried	forward				f5,694,764		f4,998,080

TANGIBLE FIXED ASSE'I'S	Motor	Furnishings
	Cars	&Equipment	Total
	f,		8
COST
At 1 July 2020	29,048	20,691	49,73tJ
Additions
Disposals
At 30June 2021	29,048	20,691	49,739
DEPRECIATION
At 1 July 2020	26,591	20,691	47,282
Charge for year	2,457		2,457
Disposals
At 30June 2021	29,048	20,691	49,739
NET BOOK VALUE
At 30June 2021
At 30June 2020	82,457		82,457

3.	INVESTMENTS
								2021	2020
	Market Value
	At 1 July 2020							4,593,735	4,842,826
	Add: Acquisitions	at cost						2,458,851	931,107
	Less: Disposals at	opening	market		value			(2,312,956)	(935,617)
	Net gains/(losses)	on revaluation		during		the year		617,452	(244,581)
								5,357,082	4,593,735
	Cash held for investment							119,008	177,494
	At 30June 2021							65,476,090	f4,771,229
	Historical cost							64,037,877	I'.4,037,877
	Represented by investments		listed		on a	recognised	UK stock exchange	at market value
	Equities							3,797,135	2,909,435
	Unit Trusts and open ended		investment			companies		591,968	1,022,617
	Government stocks							263,643	53,357
	Bond funds							704,336	608,326
								5,357,082	4,593,735
	Cash							119,008	177,494
	Total Investments							g5,476,090	84,771,229
4.	DEBTORS							2021	2020
									g
	Other debtors							2,250	2,250

			Balance as					Balance as
			At 1July				Investment	at 30June
			2020	Income	Expenditure	Transfers	Gains	2021
				K	8
Designated		Funds:
Rctircmeut		Fund	2,000,000					2,000,000
Iiuuds	I'or	Sharing	55,801		(10,000)	5,301		51,102
			2.055,801		( 10,000)	5,301		2,051,102
Gcncral	Fund		2 ')-12,27')	177,485	(146,8S(i)	(5,301)	676,055	3,643,6&i2
			843)t)8,0IIO	f.177.485	(0156,8S(i)		f676,055	K5,694,764

									2021	2020
Bank interest									233	335
Portfolio	oflisted investments								107,847	96,530
									f.108,080	896,865
EXPENDITURE -2021
									Total	Total
							Expenditure	Depreciation	2021	2020
							g	g
Charitable		activities:
Support of		members		and	their	ministry:
Establishment			expenses				57,730		57,730	57,092
Personal	and		Living	expenses			36,221		36,221	35,806
Mission and			ministry	expenses			8,380	2,457	10,837	20,860
Charitable		grants and donations				(note 10)	22,000		22,000	19,000
							124,331	2,457	126,788	132,758
Investment		management			fees		30,068		30,068	18,622
							f154,399	K2,457	j156,856	I:151,380

							Expenditure	Depreciation	Total
								g
Charitable		activities:
Support of		members		and	their	ministry:
Establishment			expenses				57,092		57,092
Personal	and		Living	expenses			35,806		35,806
Mission and			ministry	expenses			18,332	2,528	20,860
Charitable		grants and		donations		(note 10)	19,000		19,000
							230,230	2,528	132,758
Investment		management			fees		18,622		18,622
							K)48,852	12,528	f151,380

		2021	2020
Willowbrook Hospice		3,000	2,000
CAFOD		4,000	4,000
Doctors Without	Borders	1,000	2,000
Faith in Water		500	1,000
Solidarity With South Sudan			3,000
Other Charitable	Donations	1,000	4,000
Medaille Trust		1,000	2,000
Jesuit Refugee Services		500	1,000
DEC Coronavirus	Appeal	1,000
Generalate Ministry Fun&1		10,000
		022,000	I:19,000