2022-03-31-accounts

				Page
Reference and administrative		details ofthe Charity,	its Trustees and advisers
Trustees' report				2-7
Independent auditors'	report	on the financial statements		8-1'I
Statement of financial	activities
Balance sheet				13
Statement of cash flows				14
Notes to the financial	statements			15-35

Trustees			Rev J Boles, Chair (appointed	Rev J Boles, Chair (appointed	20 January 2022)
			Rev P Hughes	(resigned 20 January 2022)
			Rev D O' Malley
			Rev D Carter
			Rev B Mc Dermott (appointed		20 January 2022)
Charity numbers	registered		221594 and SC038948
Principal	office		Widney Manor	Road
			Knowle
			West Midlands
			B939AB
Independent		auditors	Dains Audit Limited
			15Colmore Row
			Birmingham
			B32BH
Bankers			NatWest
			24 Broadgate
			Coventry
			West Midlands
			CV1 1NE
			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 Miton	Group
			Eastgate Court
			High Street
			Guildford
			Surrey
			GU1 3DE
			Brewin Dolphin
			9 Colmore Row
			Birmingham
			B32BJ

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
	Note	E	E	F	E
Income from:
Donations and legacies	4	3,237,673	407,323	3,644,996	3,207,903
Investments	5	95,877		95,877	99,554
Other income	6	5,054		5,054	2,835
Total income		3,338,604	407,323	3,745,927	3,310,292
Expenditure on:
Raising funds	7	284,918		284,918	231,371
Charitable activities	8	2,943,381	413„191	3,356,572	3,049,860
Total expenditure		3,228,299	413,191	3,641,490	3,281,231
		110,305	(5,868)	104,437	29,061
Net income/(expenditure)
Net gains on investments		142,131		142,131	562,871
Net movement in funds before other
gains/(losses)		252,436	(5,868)	246,568	591,932
Other gains/(losses):
Foreign exchange gains/(losses)		(956)		(956)	143,201
Net movement in funds		251,480	(5,868)	245,612	735,133
Reconciliation offunds:
Total funds brought forward		18,032,692	1,555,789	19,588,481	18,853,348
Net movement in funds		251,480	(5,868)	245,612	735,133
Total funds carried forward		18,284,172	1,549,921	19,834,093	19,588,481

					2022		2021
			Note				F
Fixed assets
Tangible assets			'l4		6,171,973		5,280,450
Investments			15		4&613,091		4,296,295
					9&BS6&064		9,575,745
Current assets
Debtors			16	1,244,812		1,362,786
investments			17	16,818,776		2,599,117
Cash at bank	and in	hand		8,734,889		8,798,965
				26,798,477		12,750,867
Creditors: amounts year		falling due within one	18	(16,649„448)		(2,738,131}
Net current	assets				10,149,029		10,012,736
Total net assets					19,834,093		19,588,481
Charity funds
Restricted funds			19		1&549,921		1,555,789
Unrestricted	funds		'l9		18,284&172		18,032,692
Total funds					19,834,093		19,688,481

					2022	2021
				Note		E
Cash flows from operating activities
Net cash	used in operating activities				(79,239)	748,321
Cash flows from financing activities
Interests	and dividends from investments				95,877	99,554
Proceeds	from the sale of tangible fixed	assets				5,950
Purchase	of tangible fixed assets				(28,372)	(17,880)
Proceeds	from sale of investments				392,812	682,320
Purchase	of investments				(343,448)	(582,997)
Net cash	provided by financing activities				116,869	186,947
Change	in cash and cash equivalents	in	the year		37,630	935,268
Cash and	cash equivalents at the beginning		of the year		8,975,418	8,040,150
Cash and cash equivalents at the end		of	the year	23	9,013,048	8,975,418
The notes on pages 15to 35 form part ofthese financial statements

		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		E	E	F
Donations		1,539,947		1,539,947
Legacies		1,697,726	108,196	1,805,922
Gifts including	gift aid		279,049	279,049
Mass intentions			20,078	20,078
Government	grants
		3,237,673	407,323	3,644,996
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
		E	E	E
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	Total	Total
			funds	funds	funds
			2022	2022	2021
Interest and dividends	generated	by portfolios	87,686	87,686	94,418
Bank interest received			8,191	8,191	5,136
			95,877	95,877	99,554

		Unrestricted	Total	Total
		funds	funds	funds
		2022f	2022 F	2021 F
Other	income	5,054	5,054	2,835

				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
					F	F
"Far East"	magazine	production		182,906	182,906	135,324
Support costs
				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
					E	E
Website media				47,140	47,140	62,413
Investment	management		fees	28,237	28,237	25,212
Legal and	professional		fees	26,635	26,635	8,422
				102,012	102,012	96,047

					Unrestricted	Restricted	Total
					funds	funds	funds
					2022	2022	2022
							F
Furtherance	ofthe	objects	of the	charity	2,943,381	413,191	3,356,572
					Unrestricted	Restricted	Total
					funds	funds	funds
					2021	2021	2021
					E	E	E
Furtherance	ofthe	objects	of the	charity	2,739,567	310,293	3,049,860

						Activities	Grant
						undertaken	funding of	Support	Total
						directly	activities	costs	funds
						2022	2022	2022	2022
						F	E		E
Furtherance	ofthe	objects	of	the	charity	2,509,177	4,259	843,136	3,356,572
						Activities	Grant
						undertaken	funding of	Support	Total
						directly	activities	costs	funds
						2021	2021	2021	2021
						E	E	F	E
Furtherance	ofthe	objects	of	the	charity	2,238,058	1,698	810,104	3,049,860

			Total	Total
			funds	funds
			2022	2021
			E	F
Amounts remitted		to the central fund ofthe order for
distribution	to the missions		1,968,618	1,737,684
Priests' allowances			95,519	63,328
House expenses			151,416	162,636
Mass intentions			14,605	10,900
Gifts			279,019	263,510
			2,509,177	2,238,058
Analysis of	support costs
			Total	Total
			funds	funds
			2022	2021
			E	E
Staff costs			397,501	432,195
Depreciation			136,849	119,593
Office expenses			231,666	196,036
Motor vehicle and		travelling	52,663	29,811
Professional	fees	& charges	11,957	10,225
Governance			12,500	1'1,950
Loss on disposal of fixed assets				10,294
			843,136	810,104

										Total
								Grants	paid	funds
									2022	2022
									E
	Contributions		to	Catholic		institutions		4,259		4,259
										Total
								Grants	paid	funds
									2021	2021
									E	E
	Contributions		to	Catholic		institutions		1,698		1,698
11.	Net movement			in funds
	This is stated		after charging:
									2022	2021
										F
	Depreciation		of	tangible		fixed assets		136,849		119,593
	Loss on	disposal		of fixed		assets				(10,294)
	Auditor's	remuneration			-	audit		12,500		11,950
	Auditor's	remuneration			-	non-audit	services		1,175	1,120
	Operating	lease		rentals					1,890	7,559
	Foreign exchange (losses)/gains								(956)	143,201

Staff costs
	2022	2021
		E
Wages and salaries	361,328	346,254
Social security	19,573	31,684
Pension costs	16,600	54,257
	397,501	432,195

2022	2021
No.	No.
20	17

			Furniture,
	Freehold	Motor	fixtures and
	property	vehicles	fittings	Total
	E	f.		E
Cost
At 1 April 2021	6,712,211	96,205	167,595	6,976,011
Additions		26,150	2,222	28,372
At 31 March 2022	6,712,211	122,355	169,817	7,004,383
Depreciation
At 1 April 2021	1,486,337	79,452	129,772	1,695,561
Charge for the year	119,567	6,977	10,305	136,849
At 31 March 2022	1,605,904	86,429	140,077	1,832,410
Net book value
At 31 March 2022	5,106,307	35,926	29,740	5,171,973
At 31 March 2021	5,225,874	16,753	37,823	5,280,450

		Listed	Cash trading
		investments	account	Total
		E	F
Market value
At 1 April 2021		4,119,972	175,323	4,295,295
Additions		337,999	(337,999)
Disposals		(344,698)	392,812	48,114
Revaluations		121,659		121,659
Income net offees and amounts	remitted		48,023	48,023
At 31 March 2022		4,234,932	278,159	4,513,091

			2022	2021
			E	E
Legacies	due		976,088	1,016,941
Amount	due from other regions		82,315	84,852
Other debtors			157,775	214,322
Prepayments		and accrued income	28,634	36,670
			1,244,812	1,352,785

Current asset investmen	ts
		2022	2021
		E	E
CA Medical 8 Retirement	funds	14,223,761
Other listed investments		2,595,015	2,599,117
		16,818,776	2,599,117

			2022	2021
			E
CA Medical 8 Retirement		funds	14,242,982
Amount due to other regions			2,290,882	2,720,786
Other taxation	and social	security	7,097
Other creditors			52,869	4,269
Accruals			55,618	13,076
			16,649,448	2,738,131

						Balance at
	Balance at 1			Transfers	Gains/	31 March
	April 2021	Income	Expenditure	in/(out)	(Losses)	2022
	F			E		F
Unrestricted
funds
Designated
funds
Fixed asset
fund	3,786,137		(17,282)	28,372		3,797,227
Retirement
house fund	7,940,926		(79,877)			7,861,049
Overseas
missions	2,000,000		(1,968,618)	1,968,618		2,000,000
	13,727,063		(2,065,777)	1,996,990		13,658,276
General funds
General funds	4,305,629	3,338,604	(1,162,522)	(1,996,990)	141,175	4,625,896
Total
Unrestricted
funds	18,032,692	3,338,604	(3,228,299)		141,175	18,284,172
Restricted
funds
Gifts	21,209	279,049	(279,019)			21,239
Mass intentions	40,267	20,078	(14,605)			45,740
Property fund	1,494,313		(119,567)			1,374,746
Restricted
legacies		108,196				108,196
	1,555,789	407,323	(413,191)			1,549,921
Total offunds	19,588,481	3,745„927	(3,641,490)		141,175	19,834,093

Statement offunds - prior year	Statement offunds - prior year
						Balance at
	Balance at			Transfers	Gains/	31 March
	1 April 2020	Income	Expenditure	in/(out)	(Losses)	2021
	F	E	E	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
	'I4,240,600		(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 offunds	18853,348	3,299,998	(3,270,937)		706,072	19,588,481

Summary	of	funds - current yea	r
							Balance at
		Balance at 1			Transfers	Gains/	31 March
		April 2021	Income	Expenditure	in/out	(Losses)	2022
		F	E	E	E	F	E
Designated
funds		13,727,063		(2,065,777)	1,996,990		13,658,276
General funds		4,305,629	3,338,604	(1,162,522)	(1,996,990)	14'I,175	4,625,896
Restricted
funds		1,555,789	407,323	(413,191)			1,549,921
		19,588,481	3,745,927	(3,641,490)		141,175	19,834,093
Summary	of	funds - prior year
							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2020	Income	Expenditure	in/out	(Losses)	2021
		F	F	F.	F	F	F.
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

Analysis of net assets between funds - cur	rent year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022	2022
	F		F
Tangible fixed assets	3,797,227	1,374,746	5,171,973
Fixed asset investments	4,513,091		4,513,091
Current assets	12,380,320	14,418,157	26,798,477
Creditors due within one year	(2,406,466)	(14,242,982)	(16,649,448)
Total	18,284,172	1,549,921	19,834,093

21.	Analysis of net assets between	Analysis of net assets between	Analysis of net assets between	funds	(continued)	(continued)	(continued)
	Analysis of net assets between			funds	- prior year
								Unrestricted		Restricted	Total
								funds		funds	funds
								2021		2021	2021
									E	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
22.	Reconciliation of	net movement		in funds		to net	cash	flow from operating		activities
										2022	2021
										E	E
	Net movement in	funds before other			recognised		gains	(per Statement	of
	financial activities)									246,568	591,932
	Adjustments for:
	Depreciation charges									136,849	119,593
	Foreign exchange	gains/(losses)								(956)	143,201
	Realised and unrealised (gains)/losses				on	investments				(142,131)	(562,871)
	Dividends, interests	and rents	from investments							(95,877)	(99,554)
	Loss/(profit) on the	sale of tangible		fixed assets							10,294
	Decrease/(increase)	in debtors								107,973	(346,071)
	(Decrease)/increase	in creditors								(331,665)	891,797
	Net cash provided	by/(used	in)	operating		activities				(79,239)	748,321
23.	Analysis of cash and cash equivalents
										2022	2021
										E	E
	Cash in investment	portfolios								278,159	176,453
	Cash at bank and	in hand								8,734,889	8,798,965
	Total cash and cash equivalents									9,013,048	8,975,418

					Changes in
			At 1 April		market	At 31 March
			2021	Cash flows	value	2022
				E	E	E
			E
Cash	at bank and	in hand	8,798,965	(64,076)		8,734,889
Liquid	investments		2,599,117		14,219,659	16,818,776
			11,398,082		14,219,659	25,617,741

			2022	2021
			E	E
Not later than		1 year	1,890	7,559
Later than	1 year and not later than 5years			1,890
			1,890	9,449