## ||||Page|| |---|---|---|---|---| |Reference|and Administrative
Details|||| |Trustees'|Report|2|to|13| |Statement|ofTrustees'
Responsibgities||14|| |Report of|the Independent
Auditors|15|to|18| |Statement|of Finandal
Activities||19|| |Balance Sheet|||20|| |Cash Flow|Statement||21|| |Notes to the Cash Flow Statement|||22|| |Notes to the Financial statements||23|to|35| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2021|2020| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Unrestricted|Restricted|Total|Total| |||||-Designated|-General|- India|funds|funds| ||||Notes|6|6|6|6|6| |INCOME AND ENDOWMENTS||||||||| |FROM||||||||| |Donations
and legacies|||2||630||630|9,550| |Charitable
activities|||4|||||| |Support of members||ofthe||||||| |religious order|||||364,733||364,733|516,401| |Investment
income||||17,597|78,358||95,955|86,634| |Other income||||||||306,304| |Total||||17,597|443,721||461,318|918,8$9| |EXPENDITURE ON||||||||| |Raising funds|||6|116,220|||116,220|96,629| |Charitable
activities||||||||| |Support of members||ofthe||||||| |religious order||||39,531|382,006||421,537|442,650| |Grants and donations||paid||142,455|53,382||195,837|283,350| |Total||||29$,206|435,388||733,594|822,629| |Net gains on investments||||1,336,762|||1,336,762|1,200,299| |NET INCOME||||1,056,153|8,333||1,064,486|1,296,559| |Transfers between funds|||17|110,000|(145,057)|35,057||| |Net movement
in funds||||1,166,153|(136,724)|35,057|1,064,486|1,296,559| |RECONCIUATION
OF||FUNDS||||||| |Total funds brought|forward|||19,762,535|632,289||20,394,$24|19,09$,265| |TOTAL FUNDS CARRIED||||||||| |FORWARD|||20,928,688||495,565|35,057|21,459,310|20,394,824| ||||||2021|2020| |---|---|---|---|---|---|---| |||Unrestricted|Unrestricted|Restricted|Tota I|Total| |||- Designated|-General|- India|funds|funds| ||Notes||6|E|6|6| |FIXEDASSETS||||||| |Tangible assets
Investments|12|7,532,865|50,416||7583281|7 636251| |Investments
Investment
property|13
14|12,730,823
665,000|||12,730,823
665,000|11,525,138
665,000| |||20,928,688|50,416||20,979,104|19,826,389| |CURRENT ASSETS||||||| |Debtors
Cash at bank and in hand|15||15,881
456,862|35,057|15,881
491,919|16,289
581,597| ||||472,743|35,057|507,800|597,886| |CREDITORS||||||| |Amounts
falling due within one||||||| |year|16||(27,594)||(27,594)|(29,451)| |NET CURRENT ASSETS|||445,149|35,057|480,206|568,435| |TOTAL ASSETSLESSCURRENT||||||| |LIABILITIES||20,928,688|495,565|35,057|21,459,310|20,394,824| |NET ASSETS||20,928,688|495,565|35,057|21,459,310|20,394,824| |FUNDS|17|||||| |Unrestricted
funds
Restricted
funds|||||21,424,253
35,057|20,394,824| |TOTALFUNDS|||||21,459,310|i0,394,824| ## |CASH SLOW STATEMENT
FORTHE YEAR ENDED 31|DECEMBER|2021||| |---|---|---|---|---| ||||2021|2020| |||Notes|6|6| |Cash flows from operating|activities|||| |Cash generated
from operations|||(298,747)|(228,341)| |interest paid|||(315)|(301)| |Net cash used in operating|activities||(299,062)|(228,642)| |Cash flows from Investing|activities|||| |Purchase oftangible fixed assets
Purchase offixed asset investments|||(18,185,420)|(3,917)
(19,486,385)| |Saleoftangible fixed assets
Saleoffixed asset investments|||18,316,497|414,857
19,338,936| |Dividends
received|||78,307|64,892| |Net cash provided
by investing
activities|||209,384|328,383| |Change
in cash and cash
reporting
period|equivalents|In the|(89,678)|99,741| |Cash and cash equivalents
ofthe reporting
period|atthe beginning||581,597|481,856| |Cash and cash equivalents
the reporting
period|at the end|of|491,919|58,597| ## ## |RECONCILIATION
OF|NET INCOME TO NET CASH FLOW FROM OPERATING|ACflVITIES|| |---|---|---|---| |||2021|2020| |||6|E| |Net income for the reporting period (as per the Statement of Finanrtal|||| |Activities)||1,064,486|1,296,559| |Adjustments
for:|||| |Depreciation
charges||52,970|47,798| |Gain on investments||(1,336,762)|(1,200,299)| |Profit on disposal of|fixed assets||(294,878)| |Interest paid||315|301| |Dividends
received||(78,307)|(64,892)| |Decrease/(increase)|in debtors|408|(16,289)| |(Decrease)/increase|in creditors|(1,857)|3,359| |Net cash used in operas)ons||(298,747)|(228,341)| ## ## ||At 1.1.21|Cash flow|At31.12.21| |---|---|---|---| ||6|6|6| |Net cash|||| |Cash at bank and in hand|581,597|(89,678)|491,919| ||581,597|~89,678)|491,919| |Total|581,597|(89,678)|491,919| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS AND|LEGACIES|||| |---|---|---|---|---| ||||2021|2020| |Donations|||f
630|6
9,550| |INVESTMENT INCOME||||| ||||7071|2020| |Income from listed
Interest receivable
Rentalincome|investment||E
17,600
48
78,307|E
21,238
504
64,892| ||||95,955|86,634| |INCOME FROM CHARITABLE ACTIVITIES||||| ||||2021|2020| |Salary and pension
income
Exchange rate (loss)/gain||Activity
Support ofmembers ofthe religious order
Support of members ofthe religious order|6
375,820
(11,087)|6
508,105
8,296| ||||364,733|516,401| |NOTES|TO THE FINANCIAL STATEMENTS -continued|TO THE FINANCIAL STATEMENTS -continued|TO THE FINANCIAL STATEMENTS -continued||| |---|---|---|---|---|---| |FORTHE YEAR ENDED 31DECEMBER 2021|||||| |5.|OTHER INCOME|||2021|2020| |||||E|E| ||Gain on sale of tangible
fixed assets
Otherincome||||294,878
11,426| ||||||306,304| |6.|RAISING FUNDS||||| ||Investment
management
costs|||2021|2020| |||||E|E| ||Investment
management
costs|||116,220|96,629| |7.|CHARITABLE ACTIVITIES COSTS||||Direct| ||||||Costs (see| ||||||note 8)| ||||||E| ||Support of members
ofthe religious
order
Grants and donations
paid||||421,537
195,837| ||||||617,374| ||The grants and donations
payable during||the year were as follows;|2021|1020| |||||E|E| ||aursarles
paid to Loughborough
Amherst
School
Transfer toTanzania
-School guildmg
project
Transfer toTanzania
- Fund expenses during covlD-19 pandemic
Transfer to Tanzania
- New convent and nursery project in ujombe
Rent donation to Loughborough
Amherst
School
Donations
less than E1,000each|||110,000
23,455
9,000
42,989
10,393|110,000
65,000
12,000
50,000
34,958
11,392| |||||195,837|283,350| ## ## |DIRECT COSTSOF CHARITABLE ACTIVITIES||| |---|---|---| ||2021|2020| |Staff costs
Auditors'
remuneration
Auditors
remuneration-
Hon audit
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Legal and professional
fees
Sundries|E
179,522
24,564
1,373
7,682
19,237
18,657
3,422
2,330|E
181,574
23,394
1,701
8,549
4,529
20,546
3,821
2,846
7,213| |Donations
Grant funding ofactivities
Household
expenses
Personal needs
Motor expenses
Travelling
Repairs and maintenance
Depreciation
Interest payable
and similar charges|8,208
85,837
110,000
57,338
27,262
1,907
1,883
14,867
52,970
315|8,435
172,942
110,000
62,951
24,599
2,537
3,045
39,219
47,798
301| ||617,374|726,000| ## ## ## ## ## ## ## |COMPARATIVES FORTHE STATEMENT OF|COMPARATIVES FORTHE STATEMENT OF|FINANCIAL ACTIVITIES|||| |---|---|---|---|---|---| |||Unrestricted|Unrestricted|Restricted|Total| |||-Designated|-General|- India|funds| |||6|6|E|6| |INCOME AND ENDOWMENTS
Donations and legacies|FROM||9,550||9,550| |Charitable
activities
Support of members ofthe religious order|||516,401||516,401| |Investment
income
Otherincorne||21,485
294,290|65,149
12,014||86,634
306,304| |Total||315,775|603,114||918,889| |EXPENDITURE ON
Raising funds||96,629|||96,629| |Charitable
activities
Support of members ofthe religious order
Grants and donations
paid||29,057
237,409|413,593
45,941||442,650
283,350| |Total||363,095|459,534||822,629| |Net gains on investments||1,200,299|||1,200,299| |NET INCOME||1,152,979|143,580||1,296,559| |Transfers between funds||47,048|(47,048)||| |Net movement
In funds||1,200,027|96,532||1,296,559| |RECONCIUATION
OF FUNDS|||||| |Total funds brought forward||18,562,508|535,757||19,098,265| |TOTAL FUNDS CARRIED FORWARD||19,762,535|632,289||20,394,824| ## ## ## ## ## |FORT|HE YEAR ENDED 31DECEMBER 2021|||| |---|---|---|---|---| |13.|FIXEDASSET INVESTMENTS -continued|||| ||The investment
assets are held:
In the UK
Outside the UK|11,862,710
618,236|249,877|12,112,587
618,236| |||12,411 941|249,877|12,719,821| ||Historical cost:
At 31 December 2021|11,502,612|249,877|11,752,489| ||At 31 December 2020|10,146,591|272,700|10,419,291| ||Cost or valuation
at 31 December 2021is repr|esented
by:||| |---|---|---|---|---| ||||Cash and|| |||Listed|settlements|| |||investments|pending|Totals| |||E|E|E| ||Valuation
in 2021|12,480,946|249,877|12,730,823| |14.|INVESTMENT PROPERTY|||| ||FAIR VALUE|||| ||At 1January 2021|||665,000| ||and 31December 2021|||| ||NET BOOK VALUE|||665,000| ||At 31 December 2021|||| |||||665,000| ||At31 December 2020|||| |15.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||| |---|---|---|---|---|---| |||||2021|2020| ||Prepayments
and accrued mcome|||f|f| |||||15,881|16,289| |16.|CREDITORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||| ||Soaal security and other taxes|||2021
f|2020
f| ||Other creditors|||2,545|2,235| ||Accrued expenses|||484|3,822| |||||24,565|23,394| |||||27,594|29,451| |7.|MOVEMENT
IN FUNDS||||| ||||Net|Transfers|| ||Unrestricted
funds|At 1.1.21
f|movement
in funds
f|between
funds
f|At
31.12.21
f| ||General fund
Fixed Asset Fund
Scholarship
Fund
Retirement
Fund|632,289
8,237,397
2,555,999
8,969,139|8,333
(39,531)
(109,999)
1,205,683|(145,057)
110,000|495,565
8,197,866
2,556,000
10,174,822| ||Restricted funds|20,394,824|1,064,486|(35,057)|21,424,253| ||India fund||||| |||||35,057|35,057| ||TOTALFUNDS|20.384.824|1,062486||21,459,310| ## |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |Unrestricted|funds|resources
f|expended
f|losses
f|in funds
f| |General fund|||||| |Fixed Asset
Scholarship
Retirement|Fund
Fund
Fund|443,721
1
17,596|(435,388)
(39,531)
(110,000)
(148,675)|1,336,762|8,333
(39,531)
(109,999)
1,205,683| |||461,318|(733,594)|1,336,762|1,064,486| |TOTAL FUNDS||461,318|(733,594)|1,336,762|1,064,486| ## |Comparatives|for movement
in fu|nds|||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1.1.20
E|in funds
6|funds
E|31.12.20
f| |Unrestricted
funds
General fund
Fixed Asset Fund
Scholarship
Fund
Retirement
Fund||535,757
8,385,117
2,556,000
7,621,391|143,580
265,233
(220,001)
1,107,747|(47,048)
(412,953)
220,000
240,001|632,289
8,237,397
2,555,999
8,969,139| |||19,098,265|1,296,559||20,394,824| |TOTAL FUNDS||19,098,265|1,296,559||20,394,824| |Comparative
net movement
ln fund|s, included
in the above are|as oows:||| |---|---|---|---|---| ||Incommg
resources|Resources
expended|Gains and
losses|Movement
in funds| ||6|E|E|E| |Unrestricted
funds
General fund
Fixed Asset Fund
Scholarship
Fund|603,114
294,290|(459,534)
(29p057)
(220,001)||143,580
265,233
(220,001)
I1107,747| |Retirement
Fund||||| |TOTAL FUNDS||||| |A current yea|r 12months and prio|r year 12months
comne
|||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1.1.20|in funds|funds|31.12.21| |||E|E|E|E| |Unrestricted
funds
General fund
Fixed Asset Fund
Scholarship
Fund
Retirement
Fund||535,757
8,385,117
2,556,000
7,621,391|151,913
225,702
(330,000)
2,313,430|(192,105)
(412,953)
330,000
240,001|495,565
8,197,866
2,556,000
10,174,822| |||19,098,265|2,361,045|(35,057)|21,424,253| |Restricted funds||||35,057|35,057| |India fund|||||| |TOTAL FUNDS||19,098,265|2,361,045||21,459,310| ## ## ## ## ## ## ## ## ## ## ## |||2021|2020|| |---|---|---|---|---| |||||f| |Financial assets atfair value through
Listed investments|Income and expenditure|12,480,946|11,252,438||