|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent
Auditors|7|to|9|
|Statement of Financial
Activities||10||
|Balance Sheet||||
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial Statements|14|to|23|
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|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|DETAILS|
|---|---|---|
|Auditors|||
|SB&P|||
|Chartered
Accountants|8 Statutory Auditors||
|Oriel House|||
|2/8 Oriel Road|||
|Bootle|||
|Merseyside|||
|L207EP|||
|Principal Solicitors|||
|Royds RDW|||
|2Crane Court|||
|Fleet Street|||
|London|||
|EC4A 2BL|||
|Principal Bank|||
|Allied Irish Bank (GB)|||
|1StPaul's Square|||
|Old Hall Street|||
|Liverpool|||
|L39PP|||
|Registered
in Scotland|||
|SC041571|||
|Registered
in ireland|||
|CHY7096|||
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|||||||30.6.21|30.6.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|F|F|E||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||69,449|827|70,276|84,835|
|Charitable
activities||||||||
|General||||133,541||133,541|118,165|
|Other trading
activities|||||770|770|2,821|
|Investment
income||||267,754|747|268,501|277,935|
|Total||||470,744|2,344|473,088|483,756|
|EXPENDITURE ON||||||||
|Raising funds||||18,901||18,901|18,928|
|Charitable
activities||||||||
|General||||499,038|49|499,087|579,405|
|Total||||517,939|49|517,988|598,333|
|Net gains/(losses)
on|investments|||723,194||723,194|(165,565)|
|NET INCOME/(EXPENDITURE)||||675,999|2,295|678,294|(280,142)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||11,116,179|202,422|11,318,601|11,598,743|
|TOTAL FUNDS CARRIED FORWARD||||11,792,178|204,717|11,996,895|11,318,601|
##
||||||||30.6.21|30.6.20|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||Total|Total|
|||||funds||funds|funds|funds|
||||Notes||||||
|FIXEDASSETS|||||||||
|Tangible assets
Investments|||11|2,042,249|||2,042,249|2,086,121|
|Investments|||12|6,907,407|||6,907,407|6,184,213|
|Investment
property|||13|50,000|||50,000|50,000|
|||||8,999,656|||8,999,656|8,320,334|
|CURRENT ASSETS|||||||||
|Debtors|||14|71|||71|71|
|Cash at bank and in hand||||2,835,459||204,716|3,040,175|3,028,446|
|||||2,835,530||204,716|3,040,246|3,028,517|
|CREDITORS|||||||||
|Amounts
falling due within|one year||15|(43,008)|||(43,007)|(30,250)|
|NET CURRENT ASSETS||||2,792,522||204,717|2,997,239|2,998,267|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||11,792,178|204,717||11,996,895|11,318,601|
|NETASSETS||||11,792,178|204,717||11,996,895|11,318,601|
|FUNDS|||17||||||
|Unrestricted
funds
Restricted funds|||||||11,792,178
204,717|11,116,179
202,422|
|TOTAL FUNDS|||||||11,996,895|11,318,601|
|The financial
statements|were approved|by the|Board oi|Trustees
and authorised||for issue|on ....rb....~...as..+L.||
|||||30.6.21|30.6.20|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating|activities|||||
|Cash generated
from operations||||(238,180)|(340,016)|
|Net cash used
in operating|activities|||(238,180)|(340,016)|
|Cash flows from investing|activities|||||
|Purchase oftangible
fixed assets||||(17,017)||
|Interest received||||1,346|8,230|
|Dividends
received||||265,580|268,129|
|Net cash provided
by investing
activities||||249,909|276,359|
|Change
in cash and cash|equivalents|in||||
|the reporting
period
Cash and cash equivalents|at the|||11,729|(63,657)|
|beginning
ofthe reporting|period|||3,028,446|3,092,103|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||3,040,175|3,028,446|
|RECONCILIATION
OF NET INCOME/(EXPENDITURE)|RECONCILIATION
OF NET INCOME/(EXPENDITURE)|RECONCILIATION
OF NET INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM OPERATING|ACTIVITIES|
|---|---|---|---|---|
||||30.6.21|30.6.20|
|Net income/(expenditure)|for the reporting|period (as|per the Statement||
|ofFinancial Activities)|||678,294|(280,142)|
|Adjustments
for:|||||
|Depreciation
charges|||60,886|56,753|
|(Gain)/losses
on investments|||(723,194)|165,565|
|Loss on disposal offixed assets|||3|81|
|Interest received|||(1,346)|(8,230)|
|Dividends
received|||(265,580)|(268,129)|
|Decrease
in debtors||||3,146|
|Increase/(decrease)
in creditors|||12,757|(9,060)|
|Net cash used in operations|||(238,180)|(340,016)|
|2.|ANALYSIS OF CHANGES|ANALYSIS OF CHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|---|
|||||At 1.7.20|Cash flow|At 30.6.21|
|||||F|F||
||Net cash||||||
||Cash at bank and|in hand||3,028,446|11,729|3,040,175|
|||||3,028,446|11,729|3,040,175|
||Total|||3,028,446|11,729|3,040,175|
##
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|DONATION|S
AND LEGACIES|||
|---|---|---|---|
|||30.6.21|30.6.20|
|||E|F|
|Donations||17,378|9,859|
|Mass stipends||32,571|22,180|
|Stole fees||1,407|923|
|Collections|for clergy||2,417|
|Education|and training|18,920|49,456|
|||70,276|84,835|
|OTHER TRADING ACTIVITIES||||
|||30.6.21|30.6.20|
|||E|E|
|Fundraising|events|770|2,821|
|INVESTMENT INCOME||||
|||30.6.21|30.6.20|
|||E||
|Rents received||1,575|1,576|
|Dividend
income||265,580|268,129|
|Deposit account interest||1,346|8,230|
|||268,501|277,935|
##
##
||||||||30.6.21|30.6.20|
|---|---|---|---|---|---|---|---|---|
|||||Activity|||f|f|
|Contributions|from members|||General|||99,041|118,165|
|Grants||||General|||34,500||
||||||||133,541|118,165|
|Grants received,||included|in the|above, are|as follows:||||
||||||||30.6.21
f|30.6.20|
|Covid support grants|||||||34,500||
|RAISING FUNDS|||||||||
|Investment|management||costs||||||
||||||||30.6.21
f|30.6.20
f|
|Portfolio management|||||||18,901|18,928|
|CHARITABLE ACTIVITIES COSTS|||||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 8)
f|Totals
F|
|General||||||420,481|78,606|499,087|
|SUPPORT COSTS|||||||||
||||||||Governance||
||||||Management
f|Other
f|costs
F|Totals
f|
|General|||||32,765|1,239|44,602|78,606|
##
##
##
|10.|STAFF COSTS||||||
|---|---|---|---|---|---|---|
||||||30.6.21|30.6.20|
||Wages and salaries||||41,948|45,399|
||Social security costs||||4,686|5,071|
||||||46,634|50,470|
||The average
monthly|number ofemployees||during the year was as follows:|||
||||||30.6.21|30.6.20|
||Charitable
Activities||||2|2|
||No employees
received emoluments||in excess ofF60,000.||||
|11.|TANGIBLE FIXEDASSETS||||||
||||||Improvements|Equipment|
|||||Freehold|to|and|
|||||property
E|property
f|furniture|
||COST||||||
||At1 July2020|||1,366,046|1,143,576|191,097|
||Additions||||||
||Disposals||||||
||At 30June 2021|||1,366,046|1,143,576|191,097|
||DEPRECIATION||||||
||At 1 July 2020|||434,585|192,665|10,523|
||Charge for year|||27,321|22,874|630|
||Eliminated
on disposal||||||
||At 30June 2021|||461,906|215,539|11,153|
||NET BOOK VALUE||||||
||At 30June 2021|||904,140|928,037|179,944|
||At 30June 2020|||931,461|950,911|180,574|
##
##
##
|TANGIBLE FIXEDASSETS - continue|d||||
|---|---|---|---|---|
||Fixtures||||
||and|Motor|Computer||
||fittings
F|vehicles
f|equipment|Totals|
|COST|||||
|At 1 July 2020|13,600|79,945|3,181|2,797,445|
|Additions||17,017||17,017|
|Disposals||(&,001)||(8,001)|
|At 30June 2021|13,600|88,961|3,181|2,806,461|
|DEPRECIATION|||||
|At 1 July 2020|3,064|68,051|2,436|711,324|
|Charge for year|527|9,347|187|60,886|
|Eliminated
on disposal||(7,998)||(7,99&)|
|At 30June 2021|3,591|69,400|2,623|764,212|
|NET BOOK VALUE|||||
|At 30June 2021|10,009|19,561|558|2,042,249|
|At 30June 2020|10,536|11,894|745|2,086,121|
##
##
|||UK quoted|Other||
|---|---|---|---|---|
|||fixed|listed||
|||interest
f|investments
F|Totals
F|
|MARKET VALUE|||||
|At 1 July 2020||6,160,945|23,268|6,184,213|
|Revaluations||719,393|3,801|723,194|
|At 30June 2021||6,880,338|27,069|6,907,407|
|NET BOOK VALUE|||||
|At 30June 2021||6,880,338|27,069|6,907,407|
|At 30June 2020||6,160,945|23,268|6,184,213|
|There were no investment|assets outside the UK.||||
##
||Cost or valuation|Cost or valuation|at 30June|at 30June|at 30June|2021 is represented|by:||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||UK quoted|Other||
|||||||||fixed|listed||
|||||||||interest|investments|Totals|
|||||||||f||F|
||Valuation|in 2021||||||6,160,945|23,268|6,184,213|
||Valuation|in 2022||||||719,393|3,801|723,194|
|||||||||6,880,338|27,069|6,907,407|
|13.|INVESTMENT PROPERTY||||||||||
||||||||||30.06.19|30.06.18|
|||||||||||E|
||Agricultural|land -|Redbourne,|||Herffordshire|||50,000|50,000|
|14.|DEBTORS:AMOUNTS|||FALLING DUE WITHIN|||ONE YEAR||||
||||||||||30.6.21|30.6.20|
||||||||||E|f|
||Other debtors||||||||71|71|
|15.|CREDITORS: AMOUNTS||||FALLING DUE WITHIN ONE YEAR||||||
||||||||||30.6.21|30.6.20|
|||||||||||f|
||Other creditors||||||||43,007|30,250|
|16.|LEASING|AGREEMENTS|||||||||
||Minimum
lease payments||||under non-cancellable||operating|leases fall due as follows:|||
||||||||||30.6.21|30.6.20|
|||||||||||F|
||Within one|year|||||||5,276|7,397|
||Between one and||five years||||||5,457|10,732|
||||||||||10,733|18,129|
##
|MOVEMENT
IN FUNDS||||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.7.20|in funds
E|funds
f|30.6.21
F|
|Unrestricted
funds||||||
|General
fund||4,576,961|88,509|(162,441)|4,503,029|
|Pension Augmentation||6,151,235|719,393||6,870,628|
|Inchicore,
Dublin||246,789|(103,321)|91,241|234,709|
|Promotions||10|(3)||7|
|St.Joseph' s, Stockport||(16,558)|(10,014)||(26,572)|
|Smithstone
House||78,127|(5,255)|37,200|110,072|
|St.John' s, Stockport||47,757|(16,139)|34,000|65,618|
|Ardlea,
Dublin||8,451|2,827||11,278|
|Pilgrimage
Fund||23,407|2||23,409|
|||11,116,179|675,999||11,792,178|
|Restricted funds||||||
|Moldova
fund
Fr0Wynne Book Fund||187,608
14,814|2,295||189,903
14,814|
|||202,422|2,295||204,717|
|TOTAL FUNDS||11,318,601|678,294||11,996,895|
|Net movement
in funds,|included|in the above are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|||resources|expended
f|losses|in funds|
|Unrestricted
funds||||||
|General
fund||268,956|(184,248)|3,801|88,509|
|Pension Augmentation||||719,393|719,393|
|Inchicore,
Dublin||36,272|(139,593)||(103,321)|
|Promotions
St.Joseph' s, Stockport||(1)
22,597|(2)
(32,611)||(3)
(10,014)|
|Smithstone
House
St. John's, Stockport||48,246
24,530|(53,501)
(40,669)||(5,255)
(16,139)|
|Ardlea,
Dublin||70,142|(67,315)||2,827|
|Pilgrimage
Fund||2|||2|
|||470,744|(517,939)|723,194|675,999|
|Restricted funds||||||
|Moldova
fund||2,344|(49)||2,295|
|TOTAL FUNDS||473,088|(517,988)|723,194|678,294|
##
|Comparatives
for moveme|nt
in fun|ds||||||
|---|---|---|---|---|---|---|---|
|||||Net|Transfers|||
|||||movement|between||At|
||||At 1.7.19|in funds|funds||30.6.20|
||||F|f||||
|Unrestricted
funds||||||||
|General fund|||4,676,470|84,860|(184,369)||4,576,961|
|Pension Augmentation|||6,317,602|(166,367)|||6,151,235|
|Inchicore,
Dublin|||261,971|(103,471)|88,289||246,789|
|Promotions|||17,558|317|(17,865)||10|
|St, Joseph' s, Stockport|||2,317|(18,875)|||(16,558)|
|Smithstone
House|||59,096|(53,049)|72,080||78,127|
|St.John' s, Stockport|||27,141|(21,249)|41,865||47,757|
|Ardlea,
Dublin|||14,380|(5,929)|||8,451|
|Pilgrimage
Fund|||23,304|103|||23,407|
||||11,399,839|(283,660)|||11,116,179|
|Restricted funds||||||||
|Moldova
fund
Fr0Wynne Book Fund|||184,090
14,814|3,518|||187,608
14,814|
||||198,904|3,518|||202,422|
|TOTAL FUNDS|||11,598,743|(280,142)|||11,318,601|
|Comparative
net movement|in funds,|included|in the above are as follows:|||||
||||Incoming|Resources|Gains|and|Movement|
||||resources
F-|expended
F|losses
F-||in funds
f|
|Unrestricted
funds||||||||
|General
fund|||277,976|(193,919)||803|84,860|
|Pension Augmentation|||1||(166,368)||(166,367)|
|Inchicore,
Dublin|||64,029|(167,500)|||(103,471)|
|Promotions|||320|(3)|||317|
|St.Joseph' s, Stockpori|||23,038|(41,913)|||(18,875)|
|Smithstone
House|||17,243|(70,292)|||(53,049)|
|St. John' s, Stockport|||17,002|(38,251)|||(21,249)|
|Ardlea,
Dublin|||80,487|(86,416)|||(5,929)|
|Pilgrimage
Fund|||103||||103|
||||480,199|(598,294)|(165,565)||(283,660)|
|Restricted funds||||||||
|Moldova
fund|||3,557|(39)|||3,518|
|TOTAL FUNDS|||483,756|(598,333)|(165,565)||(280,142)|
##
|MOVEINENT
IN FUNDS|- continued|||||
|---|---|---|---|---|---|
|A current year 12 months|and prior year 12 months|combined
position|is as follows:|||
||||Net|Transfers||
||||movement|between|At|
|||At 1.7.19|in funds
f|funds
E|30.6.21
F-|
|Unrestricted
funds||||||
|General
fund||4,676,470|173,369|(346,810)|4,503,029|
|Pension Augmentation||6,317,602|553,026||6,870,628|
|Inchicore,
Dublin||261,971|(206,792)|179,530|234,709|
|Promotions||17,558|314|(17,865)|7|
|St.Joseph' s, Stockport||2,317|(28,889)||(26,572)|
|Smithstone
House||59,096|(58,304)|109,280|110,072|
|St. John' s, Stockporl||27,141|(37,388)|75,865|65,618|
|Ardlea,
Dublin||14,380|(3,102)||11,278|
|Pilgrimage
Fund||23,304|105||23,409|
|||11,399,839|392,339||11,792,178|
|Restricted funds||||||
|Moldova
fund||184,090|5,813||189,903|
|Fr0Wynne Book Fund||14,814|||14,814|
|||198,904|5,813||204,717|
|TOTAL FUNDS||11,598,743|398,152||11,996,895|
|A current
follows:|year 12 months
and prior ye|ar 12 months
combined
ne|t movement
in fun|ds,
included
in t|he above are|
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|||E|F|||
|Unrestricted
funds||||||
|General
fund||546,932|(378,167)|4,604|173,369|
|Pension Augmentation||1||553,025|553,026|
|Inchicore,|Dublin|100,301|(307,093)||(206,792)|
|Promotions||319|(5)||314|
|St.Joseph'|s, Stockport|45,635|(74,524)||(28,889)|
|Smithstone|House|65,489|(123,793)||(58,304)|
|St. John' s,|Stockporl|41,532|(78,920)||(37,388)|
|Ardlea,
Dublin||150,629|(153,731)||(3,102)|
|Pilgrimage|Fund|105|||105|
|||950,943|(1,116,233)|557,629|392,339|
|Restricted|funds|||||
|Moldova
fund||5,901|(88)||5,813|
|TOTAL FUNDS||956,844|(1,116,321)|557,629|398,152|
##
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##
##
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