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## 

|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Charity,|its Trustees and advisers||
|Trustees'<br>report||||2-7|
|Independent<br>auditors'|report|on the financial statements||8-1'I|
|Statement of financial|activities||||
|Balance sheet||||13|
|Statement<br>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<br>numbers|registered||221594 and SC038948|||
|Principal|office||Widney<br>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<br>Service Centre|||
||||Bootle|||
||||Merseyside|||
||||L304GB|||
||||Allied<br>Irish Bank (AIB)|||
||||61 Temple Row|||
||||Birmingham|||
||||B25LT|||
|Solicitors|||Standley<br>8 Co|||
||||1612High Street|||
||||Knowle|||
||||Solihull|||
||||B93OJU|||
|Investment||Managers|Premier<br>Miton|Group||
||||Eastgate Court|||
||||High Street|||
||||Guildford|||
||||Surrey|||
||||GU1 3DE|||
||||Brewin Dolphin|||
||||9 Colmore Row|||
||||Birmingham|||
||||B32BJ|||





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
||Note|E|E|F|E|
|Income from:||||||
|Donations<br>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<br>on:||||||
|Raising funds|7|284,918||284,918|231,371|
|Charitable<br>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<br>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<br>in funds||251,480|(5,868)|245,612|735,133|
|Reconciliation<br>offunds:||||||
|Total funds<br>brought<br>forward||18,032,692|1,555,789|19,588,481|18,853,348|
|Net movement<br>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<br>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<br>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<br>activities|||||||
|Net cash|used<br>in operating<br>activities||||(79,239)|748,321|
|Cash flows from financing<br>activities|||||||
|Interests|and dividends<br>from investments||||95,877|99,554|
|Proceeds|from the sale of tangible<br>fixed|assets||||5,950|
|Purchase|of tangible<br>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<br>by financing<br>activities||||116,869|186,947|
|Change|in cash and cash equivalents|in|the year||37,630|935,268|
|Cash and|cash equivalents<br>at the beginning||of the year||8,975,418|8,040,150|
|Cash and cash equivalents<br>at the end||of|the year|23|9,013,048|8,975,418|
|The notes on pages 15to 35 form part ofthese financial statements|||||||





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|||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<br>F|2021<br>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<br>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<br>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<br>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<br>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<br>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<br>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<br>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<br>of net assets between<br>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<br>due within one year|||||||(2,738,131)|||(2,738,131)|
||Total|||||||18,032,692||1,555,789|19,588,481|
|22.|Reconciliation<br>of|net movement||in funds||to net|cash|flow from operating||activities||
|||||||||||2022|2021|
|||||||||||E|E|
||Net movement<br>in|funds<br>before other|||recognised||gains|(per Statement|of|||
||financial<br>activities)|||||||||246,568|591,932|
||Adjustments<br>for:|||||||||||
||Depreciation<br>charges|||||||||136,849|119,593|
||Foreign exchange|gains/(losses)||||||||(956)|143,201|
||Realised and unrealised<br>(gains)/losses||||on|investments||||(142,131)|(562,871)|
||Dividends,<br>interests|and rents|from investments|||||||(95,877)|(99,554)|
||Loss/(profit)<br>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<br>of cash and cash equivalents|||||||||||
|||||||||||2022|2021|
|||||||||||E|E|
||Cash<br>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<br>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|





## 

##