2021-12-31-accounts - Congregation Of La Retraite CIO

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			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report
Trustees' Responsibilities Statement
Independent Auditor's	Report	on the Financial Statements	10-13
Statement ofFinancial	Activities		14
Balance Sheet			15
Statement ofCash Flows			16
Notes to the Financial	Statements		17-29

Trustees		Avril O'Regan,	Congregation Leader	Congregation Leader
		Bridget Dunne
		Margaret Harlock
		Aileen Murphy
		Hilary White, Chair of		Trustees 8 Area Leader
Charity registered
number		1189341
Principal office		The Coach House
		127 Hampton	Road
		Redland
		Bristol
		BS66JE
Finance Director and Secretary to the		Lynne Gregory	(until 11th July 2022) Julie Ridgway		(from 18th July 2022)
Trustees
Independent	auditor	Bishop Fleming	LLP
		Chartered Accountants
		Statutory Auditors
		10Temple Back
		Bristol
		BS16FL
Bankers		National Westminster		Bank Pic
		128Balham High Road
		London
		SW12 9AE
Solicitors		Stone King
		Upper Borough	Court
		Upper Borough	Walls
		Bath
		BA1 1RG
Investment	advisers	Brewin Dolphin	Securities
		9 Colmore Row
		Birmingham
		B33BJ
Investment	advisers	Rathbones
		10Queen Square
		Bdstol
		BS14NT

				Unrestricted	Total	Total
				funds	funds	funds
			Note	2021f	2021	2020 E
Income from:
Donations and legacies:
Members salaries	and pensions			291,027	291,027	284,846
Legacies and gifts				6,039	6,039	44,784
Charitable activities						11,761
investments				489,688	489,688	456,848
Other income				89,482	89,482	576
Total income				876,236	876,236	798,815
Expenditure on:
Raising funds				44,876	44,876	40,757
Charitable activities:
Care ofthe elderly				154,878	154,878	205,053
Community and support		works		440,544	440,544	444,416
Retreat centre				18,801	18,801	21,946
Formation and training				8,181	8,181	8,679
Missions and charitable		giving		192,139	192,139	127,825
Total expenditure				859,419	859,419	848,676
Net income/(expenditure) investments		before net gains on		16,817	16,817	(49,861)
Net gains on investments			12	1,478,898	1,478,898	584,687
Net movement in funds				1,495,715	1,495,715	534,826
Reconciliation offunds:
Total funds brought	forward			22,399,128	22,399,128	21,864,302
Net movement in funds				1,495,715	1,495,715	534,826
Total funds carried	forward			23,894,843	23,894,843	22,399,128

			Note		2021f		2020
Fixed assets
Tangible assets			10		4,400,659		4,503,216
Investments			12		18,794,046		17,315,140
Investment property			11		650,000		650,000
					23,844,705		22,468,356
Current assets
Debtors			13	70,529		59,165
Cash at bank and	in hand			532„570		347,721
				603,099		406,886
Creditors: amounts	falling due within one
year			14	(121,203)		(44,036)
Net current assets					481,896		362,850
Total assets less	current liabilities				24,326,601		22,831,206
Creditors: amounts	falling due after more
than one year			15		(431,758)		(432,078)
Net assets excluding		pension asset			23,894,843		22,399,128
Total net assets					23,894,843		22,399,128
Charity funds
Restricted funds			17
Unrestricted funds
Retirement Fund			17	19,011,960		17,533,062
Fixed Asset Fund			17	4,400,659		4,503,216
General funds			17	482,224		362,850
Total unrestricted	funds		17		23,894,843		22,399,128
Total funds					23,894,843		22,399,128

					Note	2021f	2020 F
Cash flows from operating activities
Net cash	used in operating activities				19	(409,193)	(389,643)
Cash flows from investing activities
Dividends,	interests and rents from investments					489,688	456,848
Investment management fees						(44,876)	(40,575)
Proceeds	from the sale oftangible fixed	assets				167,121	576
Purchase	oftangible fixed assets						(4,086)
Proceeds	from sale of investments					2,079,649	2,324,219
Purchase	of investments					(2,030,523)	(2,051,121)
Net cash	provided by investing activities					661,059	685,861
Cash flows from financing activities
Net cash	provided by financing activities
Change	in cash and cash equivalents	in	the year			251,866	296,218
Cash and	cash equivalents at the beginning		ofthe year			1,481,226	1,185,008
Cash and cash equivalents at the end of			the year		20	1,733,092	1,481,226
The notes on pages 17to 29 form part ofthese financial				statements

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
		Z
Rental income	41,750	41,750	48,701
Income from listed investments	447,876	447,876	407,821
Bank interest	62	62	326
	489,688	489,688	456,848

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
							E
Profit	on	sale	offixed	assets	89,482	89,482	576

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021 f.	2020f
Investment	management	fees	44,876	44,876	40,757

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
				'Z
Care ofthe		elderly		154,878	154,878	205,053
Community		support and works		440,544	440,544	444,416
Retreat centre				18,801	18,801	21,946
Formation	and training			8,181	8,181	8,679
Mission and		charitable	giving	192,139	192,139	127,825
				814,543	814,543	807,919

					2021	2020
						F
Fees payable	to the Charity's	auditor	for the audit ofthe Charity's	annual
accounts					6,250	6,000
Fees payable	to the Charity's	auditor	in respect of:
Accountancy	services provided				2„000	1,500

				2021	2020
Wages and	salaries			82„589	79,327
Social security costs				2,201	2,324
Contribution	to defined	contribution	pension schemes	2,608	2,602
				87,398	84,253

2021	2020
No.	No.

		Long-term
	Freehold	leasehold	Motor	Fixtures and
	property	property	vehicles	fittings	Total
					Z
COST OR VALUATION
At 1 January 2021	2,552,709	2,232,742	55,145	325,106	5,165,702
Disposals	(94,750)				(94,750)
At 31 December 2021	2,457,959	2,232,742	55,145	325,106	5,070,952
DEPRECIATION
At 1 January 2021	264,872	29,529	48,272	319,813	662,486
Charge for the year	31,933	3,018	6,061	1,789	42,801
On disposals	(34,994)				(34,994)
At 31 December 2021	261,811	32,547	54,333	321,602	670,293
NET BOOK VALUE
At 31 December 2021	2,196,148	2,200,195	812	3,504	4,400,659
At 31 December 2020	2,287,837	2,203,213	6,873	5,293	4,503,216

	Freehold
	investment
	property
VALUATION
At 1 January 2021	650,000
At 31 December 2021	650,000

	Listed
	investmentsf
COST OR VALUATION
At 1 January 2021	17,315,140
Additions	2,030,586
Disposals	(2,030,578)
Revaluations	1,478,898
AT 31 DECEMBER 2021	18,794,046
NET BOOK VALUE
AT 31 DECEMBER 2021	18794046
AT 31 DECEMBER 2020	17,315,140

DEBTORS
		2021f	2020f
DUE WITHIN	ONE YEAR
Trade debtors		180	9,234
Other debtors		19,483	9,915
Prepayments	and accrued income	50,866	40,016
		70,529	59,165

			2021	2020
Trade creditors			14,161	20,762
Other taxation	and social security			2,684
Other creditors			46,797	6,997
Accruals and deferred		income	60,245	13,593
			121,203	44,036

		2021	2020
Other	loans	431,758	432,078

			Book value f	Fair value
FIXEDASSETS
Tangible			4,503,216	4,503,216
Investments and	Investment	property	17,965,140	17,965,140
			22,468,356	22,468,356
CURRENT ASSETS
Debtors			59„165	59,165
Cash at bank and	in hand		347„721	347,721
TOTAL ASSETS			22,875,242	22,875,242
CREDITORS
Due within one year			(44,036)	(44,036)
Due after more than one year			(432,078)	(432,078)
TOTAL IDENTIFIABLE NET		ASSETS	22,399,128	22,399,128

						Balance at
		Balance at 1				31
		January 2021	Income f	Expenditure	Gains/ (Losses)f	December 2021f
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Retirement	Fund	17,533,062			1,478,898	19,011,960
Fixed Asset	Fund	4,503,216		(102,557)		4,400,659
		22,036,278		(102,557)	1,478,898	23,412,619
GENERAL	FUNDS
General Funds		362,850	876,236	(756,862)		482,224
TOTAL UNRESTRICTED FUNDS		22,399,128	876,236	(859,419)	1,478,898	23,894,843

							Balance at
		Balance at					31
		1 January			Transfers	Gains/	December
		2020	Income	Expenditure	in/out	(Losses)	2020
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Retirement	Fund	16,939,088	584,687		9,287		17,533,062
Fixed Asset
Fund		4,554,705	(54,999)		3,510		4,503,216
		21,493,793	529,688		12,797		22,036,278
GENERAL	FUNDS
General Funds		370,509	269,127	(848,676)	(12,797)	584,687	362,850
TOTAL
UNRESTRICTED
FUNDS		21,864,302	798,815	(848,676)		584,687	22,399,128

ANALYSIS OF NET ASSETS BETWEEN FUNDS -CUR	RENT YEAR
	Unrestricted	Total
	funds	funds
	2021	2021
Tangible fixed assets Fixed asset investments	4,400,659 18,794,046	4,400,659 18,794,046
investment property Current assets	650,000 603,099	650,000 603,099
Creditors due within one year	(121,203)	(121,203)
Creditors due in more than one year	(431,758)	(431,758)
	23,894,843	23,894,843

ANALYSIS OF NET ASSETS BETWEEN FUNDS -PRIO	R YEAR
	Unrestricted	Total
	funds	funds
	2020	2020
	F	F
Tangible fixed assets Fixed asset investments	4,503,216 17,315,140	4,503,216 17,315,140
investment property Current assets	650,000 406,886	650,000 406,886
Creditors due within one year	(44,036)	(44,036)
Creditors due in more than one year	(432,078)	(432,078)
	22,399,128	22,399,128

		2021	2020
Net income for the year (as per Statement ofFinancial Activities)		1,495,715	534,826
ADJUSTMENTS FOR:
Depreciation charges		42,801	55,575
Gain on investments		(1,478,898)	(584,687)
Dividends, interests and rents from investments	less fees	(444,812)	(416,091)
Profit on the sale offixed assets		(89,482)	(576)
(Increase) in debtors		(11,364)	12,472
Increase in creditors		76,847	8,838
NET CASH USED IN OPERATING ACTIVITIES		(409,193)	(389,643)

	2021	2020
		F
Cash in hand	532,570	347,721
Investment cash	1,200,522	1,133,505
TOTAL CASH AND CASH EQUIVALENTS	1,733,092	1,481,226

			At 1		At 31
			January		December
			2021	Cash flows	2021
Cash	at bank and	in hand	347,721	184,849	532,570
Debt	due after 1 year		(432,078)	320	(431,758)
			(84,357)	185,169	100,812