THE SOCIETY OF THE WOMEP4 OF YAL4RETh
(also known a5 Ladies of th¢ Gr#ll)
THE SOCIETY OF THE WOME1% OF NAZAR
I•1$￿ kfftowu 4$ 141dlts uf the GrAII)
FINANCIAL STATEMENTS
YEAR EliDED 31ST DECEMBER 2(121
Hay*nacintyre LLP
CharT¢rcd Accountants
R¢gtstered Aud]"tors

THE.SOCIETY OF THE WOMEP4 OF NAZARETH
{also knuwn a5 Ladle$ of the Gr*ll)
LEGAL AND ADMENISTRATIVE INFORMATION
AS AT 31ST DECF.MBER 21121
STATUS:
The Sociery is an wjincorwrated charity, registrred with the Cliarity CoMmi￿l011
undet. ntunb¢r 221076.
NAME:
ie charicy is regisiered a5 'Society of the Wtsn]cn of NaT￿¢th,. and is also
known as Ladies of the Grwl.
TRUSTEES:
The t]ustees who served during thv yearwar and up to the timc these accoun
were Si￿led..-
Pjiilippa Garcty
Mary Grasar
Philip Hayllar
Mary Leavy
Moira Leigh
s￿￿h O'Grady
AlltOE]y MaLRow Wood
REGISTERED OFFICE:
The Herniitsge
Cheriton Road
Winchcstcr
S022 5HW
BANKERS:
HSBC Bank PIC
2 Lovc Lane
PinncT
Middlo%ex
HA5 3EG
INDEPENDENT EXAMINERS:
Haysma¢inryre
ChdrtLred Accuujitants
26 Red Lion square
Loiidon
WCIR4AG
IrivESTMENT ADVISERS:
EpwoTth Inveskncnt Managcment Ltd.
9 Bo]thill Street
Loiidon
EC2A4PE
INVESTMENT POWERS:
Th¢ TNst Deed place5 no limitatiotLS on the Trusiees. powers of Investment

THE SOCIETY OF THE WOMET4 OF NAZARETH
(also known as Lxdie5 of the Grail)
REPORT OF THE TRUSTF.F.S
FOR THE YEAR ENDED 31ST DECEMBER 2021
The t￿￿te¢S presenÈ their report and 11n￿lia1 Sta￿￿¢￿￿ Cor the year ended 31 D¢Lember 2021. Tlie trust¢es consider thai
an uudTt 15 not required for this yC41r lunder Section 144121 of the Chdriiivs Act 2011 UDd thac an independenr examination
Is rc<tuircd.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The SoLiety is gyovem¢d by Ttwt Decds ddtLd 24 October 1962, 20 SL7)temb￿. 1968 and 12 Novrnib¢r 2018 LOlJStI￿tiOn
atjd Tulcs registered willi tlie Clidrity Cotniiiissioii INuJnbeJ' 2210761.
OrgAnls#tlon
The Trust is managed by tli¢ ix)ard vf trnstcfs. whi¢h ni¢¢ls r¢¥uldrly ajid idkcb all deLisiuns r¢lalinu lo wliGy mutlrT&.
Trustees
The trustees wlio setved durin&y the year ure sei oul on the Lliurity infui'niation page al die li'ont ol. ihese uccounls. The
vste¢s 8JE r¥spunsible for the Jdministratiun ￿lj invesinienl policy ot'the ¢h81'iry. The numb¢r und expertise ot'mLiiib¢rs
i¥ kept under Lonslant review. As p(>inLed vut14kSI yetti. 2021 ¢onlinu¢d 10 prL>ve u disLoncerlinby and dilliculi peri()d f¢)I' ¢hv
Lojniiiunity dnd Ili¢ ￿¥0V¢￿4￿rlCc ot. tlie Lhdriry. Covid-19 presgnled mdj(Tri' disn]pliun to coinmuniry lit¥
shieldingi and
distdncing witliin kLn dy¢ing ¥ommunity is nut Ldby IU III4LlldU¢ or expLfiLnLL. Vibilink Ilic two mcJnbLfs in LJfL hab bLCll
$cvcr¢ly restriLtcd. thL Lourii¢ of th¢ y¢4r ¢h¢ (nistLLS mct on thr¢¢ 4)ccasi4)ns- twice virtudlly und onc¢ facc tu fdCL.
cy liave kcpl in ¢unlaLI willi the PTCVi(Trus rccipienis ofgranits ￿ iliey w¢r¢ (iwar¢ Iliai Covid-l gl lilldMn¢c¢ed tli¢iT plann
projects und, where UPPTopriule. lillve abTr#¢d tu alterutiuns in tli¢ii' woi'k when neLessuiy.
Publle Benefli
ThL T￿￿EL'L% Ll)nfimi thdl thLy hdVL UjVLti du¢ L()n8idcr£iliort tÉ) thc ch&rity Commissi(In's gLiicral guid￿1cC on publiL
benelil. Tlicsc iequir¢ni¢nts ￿¢ uddressed in tl)is report.
OWECTIVES AND ACTIVITIES
ThL Trust DLLd speLifJLS ¢hL l)hjcLL8 (bf lh¢ LlikLrity to bL"IhL' ddv¢U)LLmiiii iil'uijy Lhdri(ahlL' wi>rk l()r IhL limL hLiiig carrtcd
on by or under the direction ot Ihc CJrail hy sucli lawlul charitablc mcan5 as Ihc trn¥tc&% thiL)k lil"
'As a Svci¥ty WC dr¥ JwdrL' uf Gud's prLbLnLc around us in living Crculion. in cacli other and all wc mcci. Wc arc cummillcd
to sliaring our Christiun inbpir¢Liion dnd Vdlucs in and for thc world tL)day"
t￿rIll& 21121 we havc cxpr¢slicd this purpose iji a nujnbcr (If wHy¥.
+ The trnstces eaiitiiiucd thcir SllPPOrt tth a Ioc4LI chority ntlcrin8 0 s¢rvic¢ tts support pcoplc who arc homele8& and
vulnerahly how¢d by agreei1)￿ a grant payablc nver nvn ycar.%. This fui?dcd to help towards g¢ncral corc fuiiding
in thL light uf Eheii. awdfLllL5s vf IhL ditTILulii¢ts beingw cxpcriLncLd durin¥ th¢ ¢)ngoing Pdndcimic and tliL additional
slrd111.% bLinK LEidurLd ds thLy C>PLlI thvir iiew aLLI)mm(Iddtii)ii bli)Lk.
+ A lurthcr dottation providcd io a cnininuiiity ot. brothcr.% iii Kainpala cnahliiig thcTh lo rcnnvaic Ihcir
commujiiry house thu8 cttsuring they w¢rc ahlc to continue thcir work supparting ¢ldcrly lay pcoplc. vuliicrablc
childrcn and young pcnpl¢ making surc thcy rcccive essential b&81¢ nec￿$.
+ A grant wa.% provided io %uppori Ihe work of an N(i() working iii Pakislaii for ihe bciiefii of women and girl$ in
the highly depriv¢d and ¢onscTvativc arclls in thc northw¢.%t of thc rounlry.
* Regular contributlolls to tlic Win¢h¢qi¢r ￿00d Bai)k.
* ContinuiJJ8 the dialogue with our sister charity. Thc Grail Socicry IWaxw¢lll UK, on a disccrnment pmcc&s to
cxamine Ihe way forward for thc Groil movcmcnt iii this couiiiry.
* The commullity mcmbcr suffering from macular dcgeiierati(In COLltinucs to attciid groups in the locality that
mcet regularly Lo help maximi.4c Ihe SUPPOTL for pcoplc wilh thi8 and other visual impairment. Shc a150 5cry￿ on
¢he ¢ommiitee 0fw1nchcs￿r T&lking N¢w.%paper.

THE SOCIETY OF THE WOMEN OF YAZARETH
also knoY4D as Ladles ofthe Grail)
REPORT OF THE TRUSTEES (¢ontlftlled)
FOR THE YEAR ENDED 31ST DECEMBER 21121
F￿ANCL*L REv￿w
The statcmcni of fjnancial activiues on page 7 shows an Éncr¢asc in income frown £1111323 to £235.596 tnwnly due LO a
itjcrease in royai¢y income of £19.494 and iovestsnent tncome of£34.853 Compared to 2020. Expendtiiire increaged slighily
to £262,680 from £251.760 due to in¢rca%d costs in supw>rt olthe Charity's Minisiries predominantly due io addtlional
welfd. re costs. This resulted tn a net deficit of £27.084 in 2021 (2020 Dei deficit £69,669).
Investment power. pollcy and perfomaD¢r
Itl accordance with the Lnjst dced. the twstrcs haN'e power ￿ invest ill ilock& shares and investm¢nts and property as they
ser lit.
Onc of the consid¢rations of th¢ tnjstees ID the appointmcnt of Epworth InV￿¢￿t ManagemeDt was their ¢thiLdi
investment mission which promises..
ts) follow a discipline in whsch the ethilal dIme￿i0￿ is integral w of all invesunent dccssions
to Collslruct the investment p)rtfolios cO￿l$lent with the nkordl SraTr￿ and Te&chings of thc ChTiStian faith
to encourage stfdlegi¢ thinking on the cthics ofitivesthieni
to be a Cbri5tiaD with￿$ in the invcsrinent commwiity
Sincc l October 2013 the matldatt b35 bc¢n one of discr¢ti"ot)ary [nana8¢m￿l and tht ttwÉets revivw the portfolio with
reference (o bespoke bencb marks.
Theboard met with Epworth Invr5tments in November 2021 to consideriheirstrategic obJL*ttve5 and ¢ottsider any ch￿ge$
in th¢ wrfolio. As a rcsult of this mceting and thc light of sigttificani cash holth.ngs a d¢cision was tak¢n to rcinvest all
divideDds for the sub5quent six ￿ONthS and subjeci to ongoing review.
The tn￿terS are satisfied with the F¢rformanc¢ of the Tnve5tments In the year.
Reserves poli
Thc sociery ha5 desi￿a￿d firnds for welfare atd IoAJg4erm maintcnancc. Detatls of these can be found in note 8 to the
accounts. Thc wcltaTC funds provide for the long-ter￿ Care 2nd SUEWOrt of the Tnfflnbcrs of the community. The t￿￿te¢S
have considered the level of wovision raking account ihe E]umber. age profile and sthte of health of the manbers and
keep under consianr rcyiew thc sums required to meet their needs. Liing-ierm maintenance scts ksEd¢ fijnds to cover large
1n4iinTenance ¢xpendinirc of a n4Jn-routint natiur. li is the ￿lIcY of the Soci¢ry io mainrain unrestricted fi]nds. which ar¢
the fre¢ rv5etvcs of the society. ai a level. which providc5 for the ddy-i(H]ay ac(ivitl¢b of the soci¢ry. The undesi￿￿ted
balanLe ol. the unrcstr¥cted knds (excluding T8nwble Fixed Ass¢tsi reprcsents 3pproxitna(cly 10 years of amLuaJ
cxpendiDJre. The trustees bclieve that given the economic climate and their cutrent considernts.on of how besi to the
Society's mÈ&sion in ¥thd io the worl¢L this is an approptiale level of frec reserves ￿ rcfain for ihe pwp)5es set out above
tmder thc h¢ading of Obj¢¢tivcs aDd Activiti¢s.
Rlsk maDagemtDt
The tn]siees ¢(￿tinUe to ass￿ on a rcguiar basis tht risks ￿ which the tharity is exposed. They are satisfied that the
systems in placc are adequate to mitigatc our exposure to major risks. A risk rcgtster 15 in place and is revicwed regularly
at thcjr rneetin¥s. In Nvvemb¢r 2020 after taking profe&sional advice the ttusrLcs adopted d n¢w Safeguarding Policy. At
the same mcctingtheBoard underti)ok abriefingltrdining sessiouon Data Proiection and InfoErnation GoverEwice prepared
in conjunction with a legal rewesenthtivc.
Tru5tees' resptrn51bllities in relation to the flnanelal st*itmeDts
The Tru￿CeS arc rc5ponsiblc for preparing thr financial ststeJr]ents in a¢cordanc¢ with the applicablc law and United
Kingd¢)m Accounting Sthndards Iuniicd Kingdom Generdlly Ac¢¢ptrd Accounting Ptadi¢¢).

THE SOCIETY OF THE WO.MEN OF NAZARETH
{al$o known a5 Ladies tsfthe Gr¥fill
REPORT OF THE TRUSTEES (¢ontlnued)
FOR THE TrTAR EP4DED 31ST DECEMBER 2021
The law applicable lo ehartlies in England and Wales re9Utres theTrusttes io prepare fjnancial sthiemeftts for each f￿ancIal
year. which gtv¢ a tnie and fair view of the state vf affairs at the Charity and of th¢ in¢uming re50llrces and application of
re50WCCS Lif ihe Chariry for tliat period. ln PTcparing. those financidl stdlLmLnls thc ¢ru51ees are r¢quir¢d tv..
sclccl 8Uitablc accounting policic.s and IhEn apply thcrn coii8islcnily'
bscrvc the methods and prinLiplc5 of tlic Charitics SORP,.
make judgemtyiES and eslirnalcs thai are reasonablc alld prudcnt,.
stak whether applicable accounting stsndards have been followed, subjeet to any Materi￿ dq)artures disclosed
and explained in the financial sutemen(s- and
prq)dre the [￿ancial stlltLmLnts on d gFuing conc¢rn basts unless it is inappropriate to pr¢sum¢ thai thc charity wtll
continue in business.
Trustees, respon%ihilitie% in relation to the finantul statements {contiNuedl
The trustees are respunsible fvr keeping proper a¢¢ounting record5 wliicli disclose with r¢ab()nable accur4LCy at any time
th¢ fittdrtcial position of thc Charity and ttTr enable th￿n to ensur¢ that thc fjnancial statejntnts Lomply with the Charitie5
Act 2011. thc Chdrity (AccounLg and reporL%I Reglllati()ns 2a08 lind witji the Tn]st DeL(Ls ddtcd 24 Ociober 1962 ?0
September 1968. They are also respongible for salcguarding thc asqcis ot the chaTity and hcncc lor L%king r¢a.%onablc 5tep5
for the prevLYlion ￿ld deteciion of fraud and orher irregulaTities.
For and bchalf vf
TRUSTEES OF THE SOCIETY OF TIIE WOMEN OF NAZARETII
P A Hayllar
Tntstee
M<iira Icigh
Trns￿e
Date.. I l August 2022

THE SOCIETY OF THE WOMEN OF NAL4RETH
lalso known as Ladles of the Gralll
INDEPENDENT EXAMINER'S REPORT TO THF. TRUSTEES OF THE SOCIETY OF THF. WOMF.P4 OF
NAZARETH
I rep(Trrt lo the Tiustees vn illy examin&tion of the accounts of The Society of The Women of Nazareth (the ChaTiry) for
lh¥ y¢¢ir cn(Jed 31 December 2021.
R¢sponslbllitlc5 bas15 of report
As the Chai'iiy Tn]stees ol'thc Charity. you are responsfftble for the prrpaTaliL)n ofthe accounts in acwrdance with the
requirements of the Cliarities Act 2011 I'th¢ A¢t'l,
I report ljl Tespect of my examinauon of th¢ Cbarity's accounts ¢arried oul under secLion 145 of the 2011 Act and in
carrying out my exliminaliun I h*ve followed all the applicable Directions given by the Churity Commission under
seLtivn 14515)(bl of the Act.
Independent ¢xamincr'5 St*temeTht
I hdvc C(implctcd my examination. I Lonfimi that no tnateriai matters hdve Clbme ts) my attention in conncction with th¢
examination giving me cause to believe that in any ni8terAal r¢speci-.
. a¢cowitin&7 reLurds were not kept in respect of the Trust as required by section 130 of the Act. or
2. th¢ accounts do not a¢¥ord with Ihose records. or
3. the aecowits d¢) rtol Lumply with dje appliLdblc rcquirements conccrning thc fomj and content of a¢¢owits sct vut in
th¢ ChdTiries IA¢cowJts and Rcpuitsl Regulations 2008 vther tban any rcquiremcnt that the accounts give & Irll¢ and fair
view wliicli is nul a iJiatteT cunssdered as part ocdn independeDt eXa￿1natÈ0rt.
I have 00 concerns and have Lvrne dcf05s no other matters in Lunii¢cliL)n with tlie exdminlitivn tu which aitenlion should
be diBwn in this r¢port In vrdcr to cnablc a propLr undcr5tanding of the acLoutJts Iv b¢ rLaLh¢d.
Adam Ilalscy FCA DChA
Haysmacinryre LLP
l O Que¥n Street Place
London
EG4R IAG
Datc..
11 August 2022

THE SOCIETY OF THE WOMEN OF NAZARETH
(also knuwn a5 Lddles ofthe Gr#ll)
STATEMENT OF FtNANCIAI, ACTIVITIES OncotyoraOn¥ the IR¢ume And expendlture account)
FOR THE YEAR ENDED 31 DECEMBER 2021
Total
UnreJtri<ted
unds
Total
Unrcstrlcttd
Funds
21120
21b21
Notes
INCOME FROM
D&nitions And leiaeles
83,395
83,881
Royaltles
37.922
18,428
Ch&rlt*bl¢ 8¢ttvltles
Contcrence% aiid tces
588
Investment In¢orne
Divid¢nd5 and intcrcst
114 179
79,426
TOTAI, INCOMF.
234 596
182J23
EXPENDITURE ON
ChArlt8blL' 8etlvltles
Support olthc Charity's Minisicrs
Bookb aiid i)ubliC￿li0n.4
262,6110
251,876
TOTAL EXPENDITURE
262 680
251 992
NET INCOME (EXPENDITURE) BEFORE
GAIN.8/ILOSSES} ON JNVESTMENT.8
127.084)
169.6091
Unreali%ed Ilo*%th) g#ins on ijivv5tineiiL%' us&e
545 171
229 245
NET MOVEMENT IN FUNDS
518.087
1298.9141
FUNDS BROUGHT FORWARD
6 $46,744
6 845.658
FUNDS CARRIED FORWARD
£7.064 831
£6,546,744
Thc Sta(cmciit of Fiiianeidl A¢liviii&% iiicludes all 8uinb and 105ses in ihe ye*r aiid iherefore a Slalcmeni of tol&l recognised
gaitt.4 ajid lo.sse% lias not been prepared.
All of the above amounts relate to eontinlling activiti&i.
The accompanying note5 form part of these accounts.

THE SOCIETY OF THE WOMEN OF NAZARrfH
(also x5 Ladles of the Gralll
BALANCF. SHEET
AS AT31 DECEMBER 2021
21121
2020
FIXED ASSETS
Tangibl¢ fixd asseL%
Inveslm¢nts
2,205,670
4J74.060
2.206,460
3,821,889
6.579.730
fj,028.349
CURREiYf ASSETS
Debtors
Cash at bank. building socicties, and in hand
1502
514 751
5 I6.?53
9.596
523 232
532,828
CREDITL)RS." d￿t wlihlD One ye
NET CURRENT ASSF.TS
485.101
7.064.831
51 X.395
6,546,744
FUNDS
UNRESTRICTED
Dcsiwiatcd
Othcr Lharithbl¢ funds
2.176.673
4488 158
2.261.478
4 285 266
6 546 744
The finattcial statem¢nt% were aNJrov¢d and aud￿rIsed for by thc Board of Tn￿tts oil I l August 2022
and W¢￿ signed bclow on ILS b¢hAlf by..
P A Hayllar
Tnjstec
Moira Lcigh TnJMee
Tru&¢ee
Th¢ a¢componying notes forni part of these accounts.

THE SOCIETY OF THE WONIEry OF YAL4RETH
IAis0 kboTrvtt as L*die5 of th¢ Grail)
NOTES TO THE Ftr*.4P4CIAL STATEMEYTS
FOR THE YEAR ENDED 31 DECEMBER 21)21
ACCoU￿1NG POLICILS
The principal 2ccouniinb poIA¢i¢S adopied. judgements and key sources of &%tirnaiion un¢ertainty in the preparation of thc
rJnanLiai statements are ￿ follows:
Ba515 of pr¢p*rg*ioD
The fjnancial statements have b¢¢n prepared Jn accordancc with Accounting and RrwiiThg by CharJti¢s: Statetjieni of
Recommended PrdCTiCC applicable to charities preparing their accounts in accordance th¢ Financial Reporting
Standard applicabl¢ in the UK and Rcpublic of Ireland {FRS 102)- {Charities SORP IFRS 102).
The meets the definition of a ￿bIt¢ benefit elltiry undct FRS 102. A&4ets aod liabilitt¢s are initia]ly recognised at
hisiwical cost or traosactsoo value wil￿4 otherwise ststed in the relevant accouDling policy noic(s).
Preparation of fln8n¢l*l stxtetuemts ott * going Concern b*sts
The Tr￿SteCS consider th¢r¢ ar¢ tto twenai unccrtaintic5 aL￿t the Cbaritys ability to ¢otttinuc as a going concern. The
review of th¢ fJnan¢ial position. reserves levels and firnre plans 8xv¢s Tnwccs Confid￿¢¢ the Charity rem&ins d gotng
concern fw th¢ foreseeable future.
All inL4)me is includcd Jtj the staternent of fLnancia] activities when thL Chariry Eg entitled TO the income. it Probdble that
income will be re¢eivEd and thc atnount can be quaniified with reason4bl¢ accwacy. The following specifjc w)lici¢s are
appli￿ to particular categori&s of incom¢=
Doptaiioikf tmdlegocies
lknnation$ and lega¢Èes are recogltiscd when receivable or when the Cbarity becomes Icgatly enuded ro them Re¢eipts of
property. itLvesth)ents or other gifts in kind are included at market Vdlut ai the time of receipt.
Expenditure
Charttsble expend]"WTe consists of a]1 expenditure dtrectty relatirtg lo thc objcc15 of the Charity. Certain centsal ¢Dst8 which
cannoi ￿ direcdy apr￿rtioned arc alloc3red between chztitable expenditure and Cmvemance costs on the basis of tlie
TTUStees' esiimaL¢ of the time spcDi on the relevani fi￿tiOn&
Fun(traising and publicity costs compris¢ expendiiure illojrted by the Charity in ap￿d11ng for dOn￿l0￿S and in eDhancEng
the Charity's public image.
Govemance c(Tr5ts include cxpenditur¢ on compliancc with CO￿511t￿li0naI and swutory requirements.
TY4Trgible A59et$
The fjxed assets owned by the CThatity were valued at c
Dcpr¢ciation is provided atthe following annual ratrs to Wtiteoff e*h its expected residuaj value over its expected
useful lifc..
Land
Not deprccia(¢d
Buildings
Noi deprcciated
urniture. fLXtures and equipm¢nt At tates between I￿/¢ and 2￿fi on written dovm va]ue
Motor vehicles
AI ISU/y on wriuen 4Jowu Yaiu&s
Additions to fjxd &&qets Costing than £2.1XIO arc writkn off the Y￿r.

THE.8OCIETY OF THE WOMEN OF NAZARETH
{also known as L¥4dles of th¢ Gralll
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR E]YDED 31 DECEMBER 2021
I. ACCOUNTING POLJCJES
Investments
Invcstrtients are a tomi ot. basic tinancial insuum¢n¢S and are iniiiaily thuwn in the financial srat¢￿entS at m￿ket value.
Movcmcnts in (hc Enarket values of invcsttllents are thown as usjrealised gains dnd Ivsses in th¢ Statemtht of Financial
Activiues.
Profit5 and losses on the realisaiion of ini'esth]ents are shown as realised gains and lusses in the Statement uf Financial
Activities. Realised btiiins aTLd losses (Trn invesfments aiE calculated between sales pro¥eeds and their opening LdfryLD
VdluLB or thell" purch&s¢ valuL if (ILouired subscqubnt to the first day of thc financial year. Unrcaliscd gains and losses 2rL
calculated &$ thc diff¢rviice between tbtt fair vdlue at the year end and their earrying valuc. Reali5ed and uttrcalised hiva
anent gains and losses are combkned in thc Stateffient ofFinan¥ial Activities.
Debtors
Trade vtber debtors are recognised aT th¢ 5¢tt1emcnt amount due. Pr¢payments are valued at thc amount prepaid.
C8$b at bank attd In hand
Cash at bank cash in hand inLlud¢s ¢dsh and slion terni highly liquid inv¢stments.
Credltors permlssions
Creditors and provisions reLognised where the Chariry has a present obligation resulting frvm a past event that will
PTobably result in the triinsfer of futtds to a third parry and the iiTnount due to settle the obligatiot) ¢an be measured 01
cstimatcd reliably. Cr¢ditors 4Lnd PTI)visions arc numidlly Tccogniscd ai thLIT scttlcillcnt amount.
Fllnd$
Unrestricted 8nd dcsignated funds arc available for usc at thc disciEtion of the TrnstLLs tn furtlierance of th¢ general
obj¢ctivc of the Charity. Th¢ purpose and usc of thc dcsignated funds is SLf oui in thc note5 to th¢ fin3nLiiil staternents.
Estimate5 and jud%emeDt$
Estimdtes dtsd judgements are cuntinually ev£iluated and bds¢d OJJ historical exp¥ri¢nce and other factors. including
expectations of fiJMrc ¢v¢nts that are believed to b¥ redSI)nableund¢r th¢ ¢trcumsrarJGe5. Although these estimates are ba5cd
thc Trustccs. bcsi knowlcdgc of thL dmount, evcnts ur aLtiuns, aL￿al results ultimaty.ly (tiffer fioEn these estirndtcs. The
Ttustccs do noi eoE]5idcr thcrcio be atry cstimates and jlldg¢m¢RL%.
The Charity onty ha5 financial &ssets and fitw]cial liabilitie.s of a kind that qualify as basic fInanci￿ insirllmenLs.
Basie financial instrum￿1￿, ineludiiig trad¢ and other debt0￿ and creditors are initially rccognised ai transaction value and
subsequently measured at theiT S¢tdement value. The portftslio of investments held by the Chartty is inelllded ai fair value.

THE SOCIETY OF THE WOMEN OFNI AZARErH
(also known L3dle8 ofthe GNII>
NOTLS TO THE FINANCIAL STATEMF.NTS (tolthiued)
FOR THE YEAR EI¥DED 31 DECEMBER 2021
2 EXPENDITiIRE
21)21
Tothl
21120
Ttstal
DepredatloR
Charitable expenditur¢:
- Suppon of the ch￿￿ty$ miDis(ry
- Books and publications
- Governance of the Charity
79)
240.725
241.515
239,625
116
12251
25 L,992
21.165
261.890
790
262.680
EXPLiYDITURE
COMPARATIVE
2020
Total
Ch8sitable eXpellditi￿e.
- Support of the charity's ministy
1.424
238201
239.625
- Book5 aTJd publications
116
116
- Govemat)ce of the ch￿￿ty
12
51
12
51
1.424
250.568
251992
All other costs are dirccdy attributsble to the KtiVi(ies to wbith they relaEe.
2021
202fl
The Governattce of thc Charity includes
Independent Examiaees [￿DUn￿On
3.600
3.872
3 TRUSTEES, REMU¥ERATION
Trw&s received reimbursemc4tÈ of expcnses ¢ontteciiw with their duties as tsubtres. (2020.. Nil)
4 TAf4GIBLE FIXED ASSETS
LaThd and
Btyudkngi
Furmiture
& FIttEDgs
Motor
Vebkk
Totxi
COST
A¢ l J￿￿ary 2022 and 31 D￿eMber
DEPRECIATION
At l Jathuary 2021
Charge for the yedr
At 31 Dec¢mber 2021
NET BOOK ￿ALUE
At 31 December 2021
707
68.915
2517522
229232
67,192
474
14.638
316
311,062
229232
311852
2,•03,475
L205.670
At 31 December 2020
2 703 475

THE SOCIETY OF THE WOMEN OF NAL4RETH
(also known as Ladles of the Gralo
NOTES TO THE FIliANCIAL ￿ATEmENTs l¢otttlD•ed)
FOR THE YEAR ENDED 31 DECEMBER 21)21
FIXED ASSETS IhWESTMENT
2021
2020
Quoicd InvesDnents
Market value at l January 2021
Additions ar cost
Disposals at market Value
Nei {loss£s} I gaiDS on revaluations
M￿ke[ value at 31 Ikcemlxr 2021
Hisrottcai cost * 31 Dc£embcr 2020
3.8?1,889
3.769.672
13.762,6721
4,014.023
1.904.857
(1,867.746)
229 244
3 821.889
4.374.060
3,8?1.889
DEBTORS
2021
2020
Prepay￿ents
Other debtors
1502
5,566
1.502
CREDITORS
21121
20211
CrediioT5
Ac¢rued expenditurc
12.552
18.600
31,152
5,833
DESIGNATED FUNDS
14.433
ThefDIIoM7ngfunds h¢nr beu yet aside ty the Trnstses. oiil oftsBrestncledfvids.foTSPet2fv
piuposes.
D251p*tedL
(Relei%d)
the ytar
31
December
2021
J Jiknuary
2021
Welfare
Long *rm maint&)ance
1223.428
1109255
2,114,173
? 261,478
84805
? 176673
Welf*re FDRd
To provtd¢ fi]nds for the IoDg tcrni care znd mainienance of rn¢mbers of the ¢ommurrity. A review w
undertaken in 2019 and tt was felt that thc fi￿d w&% at a reali#ic Icvcl. The fimd will continue to bc revicwed
annuatly.
t•ng Term Mxintenuet Fund
ro provide fiJnds for thc mainte1￿¢ of the knildthgs ownrd by the Chatity.
12

THE.S()CIETY OF THE M'OMEN OF NAL4RETH
(#l$o known a$ Ladles Of the Grall)
NOTES TO THE FIN.4NCIAL STATEMENTS (co*fln¥ed)
FOR THE YEAR ENDED 31 DECEMBER 21lll
FtNANCtAL INSTRUMEYTS
2921
2020
Financial assets at fair value
£4
74.(*A) £3 ¥21 889
Financial a&sers at amonised cost
Financial liabilities at amortised
Ftnancial assets mcwed at fair vaiue ¢omprÈs¢ iNvGthcnts.
13