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2021-12-31-accounts

Page
Report ofthe Trustees
Independent
Examiner's
Report
Statement ofFinancial Activities
Balance Sheet
Notes to thc Financial Statements IO to 14
Detailed Statement ofFinancial Activities 15 to 16

Two sisters are dedicated to pmmote
the Comboni Mission Spirituality
in UK which includes the values ofuniversality,
tolerance,
respect of differences,
human
dignity
for every one and avnueness
of the preciousness of humankind
and		 Two sisters are dedicated to pmmote
the Comboni Mission Spirituality
in UK which includes the values ofuniversality,
tolerance,
respect of differences,
human
dignity
for every one and avnueness
of the preciousness of humankind
and		 Two sisters are dedicated to pmmote
the Comboni Mission Spirituality
in UK which includes the values ofuniversality,
tolerance,
respect of differences,
human
dignity
for every one and avnueness
of the preciousness of humankind
and
nature.
They do this by
"Listening to people during personal encountem
"Leading groups and individuals
into aprayer life and church involvement.
"Supporting
young couples through
group monthly
sessions
" Offering
volunteering
opportunities
to young
students
who
want
to complete		 the school
requirement		 and
add
experience
to their
curriculum
or/and
to those
students
who
want a voluntary		 work
experience
for the		 Duke of
Edinburgh
scheme.
"Reaching out to Secondary
schools as a volunteer ofthe Catholic Agency for Oversees
development
(CAFOD). The
aim is to animate the students to take action mainly in tbe fields ofclimate change, the root causes ofpoverty. pmmote
dignity for every person and help to implement
fair trade in schools and communities,		 seeking more justice for the local
producer.
"Forming Missionary
Prayer Gmups to reach out with prayer and social action.
"Visiting Parishes in the Diocese promoting
mission awareness
"Organizing
projects to help Comboni missions abroad.

31.12.21 31.12.20
Unrestricted Restricted Total Total
Notes funds
f		 fimd
f.		 Snds
f		 fimdsI
INCOME AND ENDOWMENTS FROM
Voluntary
Income		 97,168 97,168 90,667
Other receipts —generating fund 8.101 8.101 31.787
Investment
income		 2 63,607 63,607 61,178
Total 168,876 168,876 183.632
RESOURCES EXPENDED
Charitable
activities
Cost ofCharitable
Activities		 158,604 158,604 160,987
Governance
Costs		 8,406 8.406 13.617
Total 167,010 167,010 174,604
NET INCOME/(EXPENDITURE) 1,866 1,866 9,028
(Purchase) ofAssets (8,561) (8,561) (2,125)
(Purchase) ofInvestments (1,300,000) (1,300,000) (200,000)
Sale ofInvestments 111.019
Sale Proceeds ofProperty 311,936 311,936
Monies owed to Missions 101 101 3,288
Excess (Payments
over Receipts)

31.12.21 31.12.20
Unrestricted Restricted Total Total
Notes funds
f		 fund funds
f		 fimds
f
CASH FUNDS
Cash at bank and in hand 932,489 40.496 972,985 1,967.643
Assets retaiaed for own charitable use 5 1.145.450 1,145,450 1,244.776
Investment assets 6 2.710.612 2.710,612 1,242,431
Other monetary liabilities 7 ~23,144) ~23,144) (23.043)
4,765,407 ~40 496 ~4805903 4,431,807
FUNDS
Unrestricted funds —General fund 325,554 723,535
—Designated fund 4,439,853 3,667,776
Restricted funds 40496 40496
TOTAL FItNDS 4,805,903 4,43L807

INVESTMENT INCOME
31.12.21 31.12.20
I
Rents meeived 30,800 28.248
Deposit account interest 32,807 32,930
63.607 ~61 178

Unrestricted Restricted Total
funds
f		 fund fundsf
INCOME AND ENDOWMENTS FROM
Donations and legacies 90,667 90,667
Other trading activities
Investment
income		 31,787
61,178		 31,787
~61178
Total 183,632 183,632
EXPENDITURE ON
Charitable activities
CostofCharitable
Activities		 160,987 160,987
Governance Costs 13,617 13.617
Total 174604 174,604
NET INCOME/(KXPENDITI IRK) 902

TANGIBLE FIXEDASSETS
Fixtures
Freehold and Motor
pmperty
f		 fittings
f		 vehicles
I		 Totals
f.
COST
At 1stJanuary 2021 1,605,000 69.783 2.000 1,676,783
Additions
Dispostds		 ~105000) 3,567 4.995 8,562
~105,000)
At 31stDecember 2021 ~1500.000 ~73350 6.995 ~1580345
DEPRECIATION
At 1stJanuary 2021
Charge for year		 363,000 68,007
~1139		 1,000
~1749		 432,007
~2888
At 31stDecember 2021 363,000 69,146 2,749 ~434895
NET BOOK VALUE
At 31stDecember 2021 1,137,000 4,204 4,246 ~1,145450
At 31stDecember 2020 1,242,000 1,776 1,000 ~I 244,776

There w ere no investment
assets outside		 the UK.
31.12.21 31.12.20
Cost6 Value f Value f
Investment Assets
Epworlh Charities Fund Unrestricted 2,500,000 2,710,612 1,242.431
2,50~0000 2.71~0612 1.242.431
OTHER hIONETARY LIABILITIES
31.12.21 31.12.20
f.
General administnmon 7,144 7,043
Amounts owed to missions
Reserve ftmd 16,000 ~16000
23 144 23,043

MOVEMENT IN FUNDS
Net
movement At
At 1.1.21
f		 in funds 31.12.21
f
Unrestricted
funds
General funds 723.535 (397.981) 325,554
Designated
funds		 3,667,776 772,077 4.439,853
Restricted funds
Sisters' Dowries &Inheritance 40,496 40,496
TOTAL FIJiiDS 4,431,807 374,096 4,805,903
Incoming Resources Gains and Movement
msourccs expended losses in funds
f, f
Ilnrestricted funds
General fund/Designated funds 168,876 (169,897) 375,117 374,096
TOTAL FL1NDS ~168876 ~169897) 375,117 374.096
Comparatives
for movement
in funds
Net
movement At
At01.01.20 in funds 31.12.20
Unrestricted
funds
General fund 753,613 (30,078) 723,535
Designated
funds		 3,593,506 74,270 3,667.776
Restricted funds
Sisters' Dowries R Inheritance 40,496 40,496
TOTAL FI)NDS 4387,615 ~44 192 4,431,807
Incoming Resources Gains and Movement
resources
f		 expended
f		 losses
f		 in funds
Unrestricted funds
General fund 183,632 (175,458) 36,018 44.192
TOTAL FUNDS ~183632 175458 ~36 018 ~44 192

FORTHE YEAR ENDED 3 1STDECEMBER 2021
31.12.21 31.12.20
I I
INCOME AND ENDOWMENTS
Donations snd legacies
Donations 22,367 22.668
Bequests - legacies 500 10.000
Pensions 64,075 50.114
Attend ance allowance 3.756 4,576
Other income 6.470 3,309
97,168 90,667
Other trading activities
Mission appeals 8,101 3L787
Iavcstment
income
Rents received 30,800 28,248
Deposit account interest 32,807 ~32930
63,607 ~61 178
Total incomiag resources 168,876 183,632
EXPENDITURE
Charitable
activities
Rates. water snd bank charges 4,192 2,998
Insurance 8,459 10,644
Light snd hest 18,957 20,825
Telephone
and fax		 5,677 5,312
Postage and stationery 3,449 2,350
Sundry expenses and mfunds 6,420 2,705
Motor expenses 3.808 1,199
Travelling 6,900 5,092
Subscriptions,
books tk journal		 582 734
Repairs, upkeep tk garden 40,724 51,631
Grants snd donations 13.435 12,408
Wages 13,142 12,384
Holiday expenses 1,252 1,017
Sisters personal expenses 7.000 7,700
Food 18,485 19,055
Medical tt health 3,291 2+45
Clothes 214 206
Laundry,
cleaning dt toiletries		 2.079 1,784
158,066 160,289

COMBONI MISSIONARY SISTERSCIO COMBONI MISSIONARY SISTERSCIO COMBONI MISSIONARY SISTERSCIO COMBONI MISSIONARY SISTERSCIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31STDECEMBER 2021
31.12.21I 31.12.20
I
Support costs
Finance
Bank charges 538 465
Exchange loss 233
538 698
Governance costs
Professional costs 4,140 7,119
Accountancy and legal fees 4266 ~64 8
8.406 13,617
Depredation
Fixtures and fittings 1.138 354
Motor vehicles 1.749 500
2,887 854
Total resouroes expended 169,897 175,458
Net (expenditure)/Income before gains and
losses (1,021) 8,174
Realised recognised gains and losses
Realised gains/(losses) on fixed asmt investments 168,181 36,018
Realised gains/(losses) on investment property ~206936
Net income 374,096 44,192