##
##
||||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||||
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|||||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||||
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||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|
##
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|||||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|
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|2021|2020|
|---|---|
|No.|No.|
##
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##
|||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|
##
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||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|
##
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||||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|
##
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##
||||||||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|