2021-03-31-accounts

				Page
Reference and administrative		details ofthe Charity,	its Trustees and advisers
Trustees' report				2-7
Independent auditor's	report	on the financial statements		8-11
Statement offinancial	activities			12
Balance sheet				13
Statement ofcash flows				14
Notes to the financial	statements			15-35

Trustees			Rev P Hughes,	Chair
			Rev D Carter
			Rev D O' Malley
			Rev P BSayles
Charity registered
numbers			221594 and SC038948
Principal	office		Widney Manor Road
			Knowle
			West Midlands
			B939AB
Independent		auditor	Dains LLP
			15Colmore Row
			Birmingham
			B32BH
Bankers			NatWest
			24 Broadgate
			Coventry
			West Midlands
			CV1 INE
			Santander
			Customer Service Centre
			Bootle
			Merseyside
			L304GB
			Allied Irish Bank	(AIB)
			61 Temple Row
			Birmingham
			B25LT
Solicitors			Standley 8 Co
			1612High Street
			Knowle
			Solihull
			B93OJU
Investment		Managers	Premier Asset Management		Pic
			Eastgate Court
			High Street
			Guildford
			Surrey
			GU1 3DE
			Brewin Dolphin
			9Colmore Row
			Birmingham
			B32BJ

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note	2021 F	2021 E	2021	2020f
Income from:
Donations and legacies				2,900,689	307,214	3,207,903	3,325,087
Investments			5	99,554		99,554	142,312
Other income			6	2,835		2,835	6,693
Total income				3,003,078	307,214	3,310,292	3,474,092
Expenditure on:
Raising funds Charitable activities			7	225,715 2,745,223	310,293	225,715 3,055,516	254,996 2,377,063
Total expenditure				2,970,938	310,293	3,281,231	2,632,059
Net income/(expenditure)		before		32,140	(3,079)	29,061	842,033
investments
Net gains/(losses)	on investments			562,871		562,871	(187,611)
Net movement in	funds before other
recognised gains				595,011	(3,079)	591,932	654,422
Other recognised	gains:
Foreign exchange	gains/(losses)			143,201		143,201
Net movement in	funds			738,212	(3,079)	735,133	654,422
Reconciliation of	funds:
Total funds brought	forward		19	17,294,480	1,558,868	18,853,348	18,198,926
Net movement in funds				738,212	(3,079)	735,133	654,422
			19	18,032,692	1,555,789	19,588,481	18,853,348
Total funds carried forward

				2021		2020
		Note
Fixed assets
Tangible assets		14		6,280,450		5,398,408
Investments		15		4,296,296		3,737,100
				9,676,746		9,135,508
Current assets
Debtors		16	1,352,786		1,006,714
Investments		17	2,699,117		2,591,025
Cash at bank and in	hand		8,798,966		7,966,435
			12,760,867		11,564,174
Creditors: amounts	falling due within one
year		18	(2,738,131)		tI1,846,334)
Net current assets				10,012,738		9,717,840
Total net assets				19,688,481		18,853,348
Charity funds
Restricted funds		19		1,655,789		1,558,868
Unrestricted funds		19		18,032,692		17,294,480
Total funds				19,588,4S1		18,853,348

						2021	2020
					Note	F	E
Cash flows from operating		activities
Net cash	used in operating	activities			22	748,321	664,542
Cash flows from financing		activities
Interests	and dividends from investments					99,554	142,312
Proceeds	from the sale oftangible fixed		assets			5,950	800
Purchase	of tangible fixed assets					(17,880)	(67,401)
Proceeds	from sale of investments					682,320	676,624
Purchase	of investments					(582,997)	(622,509)
Net cash	provided by financing activities					186,947	129,826
Change	in cash and cash	equivalents	in	the year		935,268	794,368
Cash and	cash equivalents	at the beginning		ofthe year		8,040,150	7,245,782
Cash and cash equivalents		at the end	of	the year	23	8,975,418	8,040,150

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
			F	F
Donations		1,533,287		1,533,287
Legacies		1,339,185		1,339,185
Gifts including	gift aid		284,719	284,719
Mass intentions			22,495	22,495
Government	grants	28,217		28,217
		2,900,689	307,214	3,207,903
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020	2020	2020
		F	F
Donations		1,127,384		1,127,384
Legacies		1,932,868		1,932,868
Gifts including	gift aid		242,823	242,823
Mass intentions			21,275	21,275
Government	grants	737		737
		3,060,989	264,098	3,325,087

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			F
Interest and dividends	generated	by portfolios	94,418	94,418	106,190
Bank interest received			5,136	5,136	36,122
			99,554	99,554	142,312

		Unrestricted	Total	Total
		funds	funds	funds
		2021 F	2021f	2020
Other	income	2,835	2,835	5,893

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
				P	F	F
"Far East"	magazine	production		135,324	135,324	180,165
Support costs
				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
				E
Website media				62,413	62,413	48,097
Investment	management		fees	25,212	25,212	25,686
Legal fees				2,766	2,766	1,048
				90,391	90,391	74,831

					Unrestricted	Restricted	Total
					funds	funds	funds
					2021	2021	2021
					E	E
Furtherance	ofthe	objects	ofthe	charity	2,745,223	310,293	3,055,516
					Unrestricted	Restricted	Total
					funds	funds	funds
					2020	2020	2020
					F	E
Furtherance	ofthe	objects	ofthe	charity	2,084,870	292,193	2,377,063

					Activities	Grant
					undertaken	funding of	Support	Total
					directly	activities	costs	funds
					2021	2021	2021	2021
					E	F		F
Furtherance	ofthe	objects	ofthe	charity	2,237,938	1,698	815,880	3,055,516
					Activities	Grant
					undertaken	funding of	Support	Total
					directly	activities	costs	funds
					2020	2020	2020	2020
						F		E
Furtherance	ofthe	objects	ofthe	charity	1,609,564	6,045	761,454	2,377,063

			Total	Total
			funds	funds
			2021	2020
Amounts	remitted	to the central fund ofthe order for
distribution to the		missions	1,737,684	1,127,904
Priests'	allowances		63,208	66,887
House expenses			162,636	159,200
Mass intentions			10,900	12,750
Gifts			263,510	242,823
			2,237,938	1,609,564

		Total	Total
		funds	funds
		2021	2020
		F	E
Staff costs		432,195	401,830
Depreciation		119,593	122,122
Office expenses		196,036	165,829
Motor vehicles and travelling		29,931	34,266
Professional	fees 8 charges	10,225	22,059
Governance		17,606	15,348
Loss on disposal offixed assets		10,294
		815,880	761,454

							Total
						Grants paid	funds
						2021	2021
						f.	E
	Contributions	to Catholic		institutions		1,698	1,698
							Total
						Grants paid	funds
						2020	2020
						E	E
	Contributions	to Catholic		institutions		6,045	6,045
11.	Net movement in funds
	This is stated	after charging:
						2021	2020
	Depreciation	of tangible		fixed assets		119,593	122,122
	(Loss)/surplus	on disposal of fixed			assets	(10,294)	800
	Auditor's remuneration		-	audit		11,950	11,650
	Auditor's remuneration		-	non-audit	services	1,120	604
	Operating lease rentals					7,559	9,870
	Foreign exchange gains/(losses)					143,201

Staff costs
	2021	2020
		f.
Wages and salaries	346,254	362,966
Social security	31,684	23,353
Pension costs	54,257	15,511
	432,195	401,830

			2021	2020
			No.	No.
Administration	and	Support	17	18

			Furniture,
	Freehold	Motor	fixtures and
	property	vehicles	fittings	Total
		f.	f.
Cost
At 1 April 2020	6,712,211	106,195	164,492	6,982,898
Additions			17,880	17,880
Disposals		(9,990)	(14,777)	(24,767)
At 31 March 2021	6,712,211	96,205	167,595	6,976,011
Depreciation
At 1 April 2020	1,379,013	78,237	127,240	1,584,490
Charge for the year	107,324	6,990	5,279	119,593
On disposals		(5,775)	(2,747)	(8,522)
At 31 March 2021	1,486,337	79,452	129,772	1,695,561
Net book value
At 31 March 2021	5,225,874	16,753	37,823	5,280,450
At 31 March 2020	5,333,198	27,958	37,252	5,398,408

		Listed	Cash	trading
		investments		account	Total
				E
Cost or valuation
At 1 April 2020		3,667,354		69,746	3,737,100
Additions		577,048	(577,048)
Disposals		(647„274)		682,320	35,046
Revaluations		522,845			522,845
Income net offees and amounts	remitted			304	304
At 31 March 2021		4,119,973		175,322	4,295,295

Debtors
		2021	2020
		E	F
Legacies due		1,016,941	496,316
Due from other regions		84,852	319,548
Other debtors		214,322	153,970
Prepayments	and accrued income	36,670	36,880
		1,352,785	1,006,714

2021	2020
	E
2,599,117	2,591,025

	2021	2020
Due to other regions	2,720,786	1,816,023
Other taxation and social security		6,112
Other creditors	4,269	4,231
Accruals	13,076	19,968
	2,738,131	1,846,334

							Balance at
		Balance at 1			Transfers	Gains/	31 March
		April 2020	Income	Expenditure	in/(out)	(Losses)	2021
		f.		E	f.
Unrestricted
funds
Designated
funds
Fixed asset
fund		3,868,212		(83,710)	1,635		3,786,137
Retirement
house fund		8,110,258		(169,332)			7,940,926
Overseas
missions		2,262,130		(1,737,684)	1,475,554		2,000,000
		14,240,600		(1,990,726)	1,477,189		13,727,063
General	funds
General	funds	3,053,880	2,992,784	(969,918)	(1,477,189)	706,072	4,305,629
Total
Unrestricted
funds		17,294,480	2,992,784	(2,960,644)		706,072	18,032,692
Restricted
funds
Gifts			284,719	(263,510)			21,209
Mass intentions		28,672	22,495	(10,900)			40,267
Property	fund	1,530,196		(35,883)			1,494,313
		1,558,868	307,214	(310,293)			1,555,789
Total of	funds	18,853,348	3,299,998	(3,270,937)		706,072	19„588,481

Statement offu	nds - prior year
						Balance at
	Balance at			Transfers	Gains/	31 March
	1 April 2019	Income	Expenditure	in/(out)	(Losses)	2020
			E		F	E
Unrestricted
funds
Designated
funds
Fixed asset
fund	3,887,050		(86,239)	67,401		3,868,212
Retirement
house fund	8,279,712		(169,454)			8,110,258
Overseas
missions				2,262,130		2,262,130
	12,166,762		(255,693)	2,329,531		14,240,600
General funds
General Funds	4,445,938	3,209,257	(2,084,173)	(2,329,531)	(187,611)	3,053,880
Total
Unrestricted
funds	16,612,700	3,209,257	(2,339,866)		(187,611)	17,294,480
Restricted
funds
Gifts		242,823	(242,823)
Mass intentions	20,147	21,275	(12,750)			28,672
Property fund	1,566,079		(35,883)			1,530,196
Job Retention
Scheme		737	(737)
	1,586,226	264,835	(292,193)			1,558,868
Total offunds	18,198,926	3,474,092	(2,632,059)		(187,611)	18,853,348

Summary	of	funds - current yea	r
							Balance at
		Balance at 1			Transfers	Gains/	31 March
		April 2020	Income F	Expenditure P	in/out f	(Losses)	2021
Designated
funds		14,240,600		(1,990,726)	1,477,189		13,727,063
General funds		3,053,880	2,992,784	(969,918)	(1,477,189)	706,072	4,305,629
Restricted
funds		1,558,868	307,214	(310„293)			1,555,789
		18,853,348	3,299,998	(3,270,937)		706,072	19,588,481
Summary	of	funds - prior year
							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2019	Income	Expenditure	in/out	(Losses)	2020
			E	E	F	f.
Designated
funds		12,166,762		(255,693)	2,329,531		14,240,600
General funds		4,445,938	3,209,257	(2,084,173)	(2,329,531)	(187,611)	3,053,880
Restricted
funds		1,586,226	264,835	(292,193)			1,558,868
		18,198,926	3,474,092	(2,632,059)		(187,611)	18,853,348

Analysis of net assets between funds - cur	rent year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
	F	E
Tangible fixed assets	3,786,137	1,494,313	5,280,450
Fixed asset investments	4,295,295		4,295,295
Current assets	12,689,391	61,476	12,750,867
Creditors due within one year	(2,738,131)		(2,738,131)
Total	18,032,692	1,555,789	19,588,481

21.	Analysis of net assets between		funds (continued)
	Analysis of net assets between		funds - prior year
					Unrestricted		Restricted	Total
					funds		funds	funds
					2020		2020	2020
						E	P
	Tangible fixed assets				3,868,212		1,530,196	5,398,408
	Fixed asset investments				3,737,100			3,737,100
	Current assets				11,535,502		28,672	11,564,174
	Creditors due within one year				(1,846,334)			(1,846,334)
	Total				17,294,480		1,558,868	18,853,348
22.	Reconciliation of	net movement	in funds to net	cash	flow from operating		activities
							2021	2020
								E
	Net movement in	funds before other recognised		gains	(per Statement	of
	financial activities)						591,932	654,422
	Adjustments for:
	Depreciation charges						119,593	122,122
	Foreign exchange	gains/(losses)					143,201
	Realised and unrealised (gains)/losses on investments						(562,871)	187,611
	Dividends, interests and rents from investments						(99,554)	(142,312)
	Loss/(profit) on the	sale of tangible	fixed assets				10,294	(800)
	Increase in debtors						(346,071)	(392,492)
	(Decrease)/increase	in creditors					891,797	235,991
	Net cash provided	by operating	activities				748,321	664,542
23.	Analysis ofcash	and cash equivalents
							2021	2020
	Cash in investment	portfolios					176,453	73,715
	Cash at bank and	in hand					8,798,965	7,966,435
	Total cash and cash equivalents						8,975,418	8,040,150

					Changes in
			At 1 April		market	At 31 March
			2020	Cash flows	value	2021
				E	E
			F
Cash	at bank and	in hand	7,966,435	832,530		8,798,965
Liquid	investments		2,591,025		8,092	2,599,117
			10,557,460		8,092	10,565,552

			2021	2020
			E	E
Not later than		1 year	7,559	9,870
Later than	1	year and not later than 5years	1,890	17,370
			9,449	27,240