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|Reference andAdministrativeDetailsofthe Charity, its TrusteesandAdvisers|1|
|Trustees'Report|2-5|
|lndependentAuditors'Report|6-8|
|StatementofFinancialActivities|9|
|BalanceSheet|10|
|StatementofCashFlows|11|
|Notesto the Financial Statements|12-22|
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5 July
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||||T lvlonths|
||Note|2021t|2021t|2021
e|
|INCOMEFROM:|||||
|Donationsand legacies|3|29,367|ll5|29.592|
|Charitableactivities:|||||
|Theological education||283,187||283,187|
|lnvestments|3|10,4't 6|4.288|14,704|
|Renls and visitor income||33,3'17||33,317|
|Otherlncome-transfer frompredecessor
entity|18|
2,799.093|324.O13|3,123,106|
|TOTALINCOME||3,155,380|328,526|3,483,906|
|EXPENDITUREON:|||||
|Charitable activities:|||||
|Teaching||190,8s6|2,061|192,917|
|Residential||257,821||257,821|
|Premises||157,747|38,497|196,244|
|Donations paid|||168,919|168 919|
|TOTAL EXPENDITURE|5|606.424|209
477|8'15,901|
|NETINCOME BEFORE INVESTMENT
GAINS||2,548,956|'119,0492,668,005||
|Netgains oninvestments|8|26,043|20 645|46 688|
|NET INCOME||2,574,999|139,694|2,714,693|
|Transfers betweenFunds|'t1|128.686|('128.686)||
|NETMOVEMENT INFUNDS||2,703,685|1 1,0082,7'14,693||
|RECONCILIATION OF FUNDS:|||||
|Totalfundsbroughtforward|||||
|TOTALFUNDSCARRIED FORWARD||2.703.685|11.008||
|||||-2J14,@3|
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|||2021|||
|---|---|---|---|---|
||Note|€||I|
|FIXEDASSETS|||||
|Tangibleassets|7||1,731,917||
|lnvestments|8|||416,628|
||||2,148,545||
|CURRENTASSETS|||||
|Debtors|9|280,58'l|||
|Cashatbankandin hand||392,195|||
|||672,776|||
|CREDITORS:amountsfallingduewithin
oneyear|10|(106.628)|||
|NET CURRENTASSETS|||566 148||
|NETASSETS|||2.714.693||
|CHARITYFUNDS|||||
|Restrictedfunds|11|||'11,008|
|Unrestricledfunds|11||2.|703.685|
|TOTALFUNDS|||2.714.693||
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|||2021|
|---|---|---|
|||7Months|
||Note|e|
|Cashflowsfrom operatingactivities|||
|Netcash providedbyoperating activities|'t3|(414,038)|
|Cashflows frominvestingactivities:|||
|Dividends.interestandrentsfrom investments||14,704|
|Netcash usedininvestingactivities||14,704|
|Change incashand cash equivalentsinthe year||(399,334)|
|Cashand cash equivalentsbroughtforward||79',t,529|
|Cashandcashequivalents carriedforward|14_______392i!€5||
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lvalue,overtheir expected usef|ullives on thefoll|
|---|---|
|Freehold property|50 years|
|Furnitureand Equipment|5years|
|Motorvehicles|3to4years|
|Traclor|10years|
|Officeequipment-general|3years|
|Organ|20years|
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|Staff costswereasfollows||
|---|---|
||2021|
||7Months|
||t|
|Grosswages andsalaries|231,000|
|Socialsecuritymsts|3,840|
|Otherpensioncosts|14,1U|
|Redundancycosts|52,633|
||301.657|
|Theaverage number ofpersonsemployedbythe Charityd|uringtheperiodwasasfol|
|---|---|
||2021|
||No|
|Professors fulltime|5|
|TutorsParttime|1|
|Adminislralion|4|
|Other-catering, domestic,groundsetc|5|
||15|
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|DONATIONS AND LEGACIES||||
|---|---|---|---|
||||2021|
||||7Months|
||||E|
|Donations|||13.262|
|Furloughgrants|||16,330|
||||29.592|
|||__||
|INVESTMENTINCOME||||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
||7N.4onths|7Months|7Months|
||E|e|€|
|lnvestmentincome|10.416|4.288|
14-JA4|
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|SUPPORTCOSTS||||||
|---|---|---|---|---|---|
||||||Total|
||||||7 Months|
||Teaching
L|Residential
e||Premises
e|2021t|
|Office|13,134|||5,629|18,763|
|Chapel|1,107||1,107|1,107|3,321|
|Professionalfeesand charges|42,765||42.765|42,765|128,295|
|Wages andsalaries|51,792|||22,197|73,989|
|Nalionalinsurance|3,553|||1,522|5,075|
|Pensioncost|1,115|||478|1,593|
||_ 113J6||4i.872|_____13-09e|231.036|
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|||||||Total|
|---|---|---|---|---|---|---|
|||Staffcosts|Depreciation||Othercosts|7Months|
|||2021t||2021
€|202'l
e|2021
e|
|Teaching||120,820|||72,097|192,917|
|Residential
Premises
Donations|lodioceses|'156,640
24,197||22,250|101,181
149,797
168,9'tI|257,821
1,244
168,9'19|
|||301.657||22.250|4S1.994|815.901|
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|TANGIBLEFIXEOASSETS|||||
|---|---|---|---|---|
||Freehold||Fixturesand||
||property
t|lvlotorvehicles
I|fittings
e|Totalt|
|Cost|||||
|Transferfrom predecessor entity|1,651,406||102,76',t|',t,754,167|
|Additions|||||
|At31 July202'1|1,651,406||102,761|1.754.167|
|Depreciation|||||
|Transferfrom predecessor entity|||||
|Charge fortheperiod|||22,250|22,250|
|At31 July2021|||22,250|22 250|
|Netbook value|||||
|At31 July2021|1.651.40=6=||80511|t-7ll-glz|
|At17December2020|1,651,406||1O2JA',t|L154.1S1|
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|.
FIXEDASSET INVESTMENTS|||
|---|---|---|
|||Listed|
|||securities
I|
|Market Yalue|||
|At'17December2020||540,481|
|Disposals||(170,541)|
|Gains/(Losses)||46.688|
|At 31 July 2021|||
|||_,_316_02&|
|lnvestmentsatmarket value comprise:|||
||2021t||
|Listedinvestments|_41E.62L||
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|DEBTORS||
|---|---|
||2021|
||E|
|Tradedebtors|1,693|
|Otherdebtors|4,626|
|Legaciesaccrued|255.000|
|Prepaymentsandaccruedinmme|19,262|
||280.581|
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|CREDITORS:Amountsfallingduewithinoneyear||
|---|---|
||2021|
||€|
|Tradecreditors|55,495|
|Othercreditors|4,875|
|Accruals and deferred income|46,258|
||106.628|
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|STATEMENT OF FUND|S.CURRENT Y|EAR||||||
|---|---|---|---|---|---|---|---|
||Balanceal'17|||Transfers||Gains/|Balance at31|
||Aec2020
t|lncome
t|Expenditure
r|in/outt||(Losses)
E|July2021
s|
|Unrestrictedfunds||||||||
|GeneralFunds||3.155.380|606 424||128,686|26,0432,703,685||
|Restrictedfunds||||||||
|KnightsofStColombia||||||||
|Fund||2,061|(2,061)|||||
|WalterQuinlanFund||157,783|(168,920)|||20,645|9,508|
|RefurbishmentFund||87,4't7|(33,146)|(s4.27't)||||
|ChapelChallenge||69,177|(5,350)|(62,327)|||1,500|
|OtherFunds||12,088|||(12,088)|||
|Total oI funds||328.
-pagat+
__i_483,9001815-90t)||(|,686)|20.645
46.688|11.008
_ 2J14.69X|
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|ANALYSIS OFNETASSETS BETWEENFUNDS|-CURRENTPERIOD|||
|---|---|---|---|
||Unrestricted|Reslricted|Total|
||funds|funds|funds|
||2021
€|2021t|2021t|
|Tangible Ilxedassets|1,731,917||1,731,917|
|Fixedasset inveslments|416.628||4'16,628|
|Currentassels|661.768|11,008|672,776|
|Creditorsduewithinoneyear|(106,628)||(106,628)|
||2.703.685|11.008|2714693|
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|RECONCILIATION OFNETMOVEMENT INFUNDSTONETCASH FL
ACTIVITIES|OWFROMOPE|
|---|---|
||2021|
||E|
|Nelincome forthe period(as perStatementofFinancial Activities)|2,714,693|
|Adjustmentfor:||
|Depreciationcharges|22.250|
|Gains/Losses on investments|(46,688)|
|Dividends, interestand rentsfrom investmenls|(14,704\|
|TransferofWalterQuinlanFundtoDioceseof SoulhwarkandA&B|170,541|
|Transferfrom predecessor entity|(3,123,106)|
|(lncrease)/decreaseindebtors|(48,353)|
|lncreaseincreditors|(88,671)|
|Netcash providedbyoperatingactivities|(414.038',1|
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|ANALYSISOFCASH AND CASH EQUIVALE|NTS|
|---|---|
||202'lt|
|Cash inhand|195|
|Total||
||392.195|
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|251342\, lhe predecessor charity, were transte
was:|ned into the ClO.Theanalysisofne
t|
|---|---|
|Fixed assets|1,754J67|
|lnvestments|540,48'1|
|Netcurrentassets|828,458|