2020-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to8
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	10to 13
Statement ofFinancial	Activities	14
Balance Sheet		15
Cash Flow Statement		16
Notes tothe Financial	Statements	17to 33

Roman Catholic	Roman Catholic	Purposes	Administered in connection	Administered in connection	Administered in connection	with the Society ofAfrican Missions
			known asSociety ofAfrican			Missions
			Reference and Administrative			Details
Trustees			Reverend P N McGuire SMA
			Reverend T3 Ryan SMA
			Reverend DA McCaul SMA
			Reverend R Morland SMA
Principal Office			378Upper Brook Street
			Manchester
			M13 OEP
Charity Registration		Number	232541
			SC039285
Solicitors			Hill Dickinson
			50 Fountain Street
			Manchester
			M2 2AS
Bankers			Royal Bank of Scotland pic
			St Anne's Square
			Manchester
			M2 7LG
Auditors			The IVloffatts Partnership		LLP
			Progress House
			396Wilmslow Road
			Wlthington
			Manchester
			M20 3BN
Investment	Advisors		Castlefield Partners
			111Piccadilly
			Manchester
			M1 2HY
			Coutts &Co
			1st Floor, 1Spinningflelds		Square
			Manchester
			M3 3AP
Personnel	&Human	Resources	Direct Law &Personnel		Ltd
			Southerly 7,Waterfold	Park
			Bury
			BL97BR

					(As restated)
		Unrestricted	Restricted	Total	Total
	Note	funds f	fundsf	2020 f	2019 f
Income and Endowments	from:
Donations and legacies		808,897	35,395	844,292	875,087
Other trading activities		53,286		53,286	44,687
Investment income		124,082		124,082	214,050
Other income					21,806
Total Income		986,265	35,395	1,021,660	1,155,630
Expenditure on:
Raising funds		65,085		65,085	67,878
Charitable activities		1,223,557	49,777	1,273,334	1,331,486
Other expenditure		225,958		225,958	27,765
Total Expenditure		1,514,600	49,777	1,564,377	1,427,129
Gains/losses on investment
assets		(139,879)		(139,879)	800,083
Net (expenditure)/income		(668,214)	(14,382)	(682,596)	528,584
Other recognised gains and losses
Other gains/losses		2,426		2,426	(13,636)
Net movement in funds		(665,788)	(14,382)	(680,170)	514,948
Reconciliation offunds
Total funds brought forward		13,338,927	21,570	13,360,497	12,845,549
Total funds carried forward	23	12,673,139	7,166	12,630,327	13,360,497

					(As restated)
			Note	2020f	2019 f
Fixed assets
Tangible assets			16	3,168,062	3,247,807
Investments			17	7,205,368	7,391,106
				10,373,430	10,638,913
Current assets
Stocks			18	163,140	110,601
Debtors			19	72,446	329,160
Investments			20	790,033	792,561
Cash at bank	and in hand		21	1,682,289	1,889,599
				2,707,908	3,121,921
Creditors: Amounts		falling due within one year	22	(401,011)	(400,337)
Net current	assets			2,306,897	2,721,584
Net assets				12,680,327	13,360,497
Funds ofthe	charity:
Restricted income funds				7,188	21,570
Unrestricted	income	funds
Unrestricted	income	funds		12,673,139	13,338,927
Total funds			23	12,680,327	13,360,497

					(As restated)
				2020f	2019 f
Cash flows from operating activities
Net cash (expenditure)/income				(680,170)	514,948
Adjustments tocash flows from noncash		items
Depreciation			6,8	81,024	87,342
Investment income			4	(121,554)	(214,050)
Loss/(profit) on disposal oftangible fixed assets				398	(2,928)
Profit on disposal ofinvestments				(184,315)	(217,059)
Revaluation ofinvestments				331,417	(598,606)
				(573,200)	(430,353)
Worldng capital adjustments
(Increase)/decrease in stocks			18	(52,539)	31,453
Decrease in debtors			19	256,714	188,779
Increase/(decrease) in creditors			22	674	(22,128)
Net cash flows from operating	activities			(368,351)	(232,249)
Cash flows from investing activities
Interest receivable and similar	income			2,316	11,069
Purchase oftangible fixed assets			16	(1,677)	(20,491)
Sale oftangible fixed assets					5,000
Purchase ofinvestments			17	(4,408,294)	(3,499,126)
Saleofinvestments				4,446,930	3,544,335
Income from dividends				121,766	202,981
Net cash flows from investing	activities			161,041	243,768
Net (decrease)/increase in cash and cash equivalents				(207,310)	11,519
Cash and cash equivalents at	1January			1,889,599	1,878,080
Cash and cash equivalents at	31December			1,682,289	1,889,599

Adjustments	in relation to changes	in accounting policy
					Relating to prior
		Relating	tothe	Relating tothe prior	periods before the
		current period		period disclosed in	prior period
		disclosed	in these	these financial	disclosed in these
		financial statements		statements	financial statements
		f		f	f
Donations	and legacies		35,395	52,399
Charitable	Contributions		(49,777)	(102,160)
Creditors				(21,570)
Restricted	funds		7,188	21,570
Total funds			7,188	21,570

2	Income from donations	and legacies
			Unrestricted
			funds	Restricted	Total	Total
			General f	fundsf	2020 f f	2019 (As restated)
Donations and legacies;
	Donations from individuals		749,316	35,395	784,711	763,042
	Legacies		3,600		3,600	69,860
	Gift aid reclaimed		49,017		49,017	42,185
Grants, including capital grants;
	Government grants		6,964		6,964
			808,897	35,395	844,292	875,087
3	Income from other trading activities
				Unrestricted
				funds	Total	Total
				General f	fundsf	2019 f
Lotteries and competitions		income		53,286	53,286	44,687
				53,286	53,286	44,687
4	Investment income
				Unrestricted	funds
					Total	Total
				Design~ f	General 2020 f f	2019 E
Income from dividends;
	Dividends receivable from other listed		investments	32,131	89,635 121,766	202,981
Interest receivable and similar income;
	Interest receivable on bank deposits				2,316 2,316	11,069
				32,131	91,951 124,082	214,050

7 Expenditure on cha	ritable activi	ties
		Unrestricted
		funds	Restricted	Total	Total
		General f	fundsf	2020 f	2019 f(As restated)
Costs ofMasses &Mass Cards		62,789		62,789	69,806
Costs ofCommunity
Accommodation		237,433		237,433	188,869
Provincial Costs		148,688		148,688	148,081
Charitable Distributions		439,215	49,777	488,992	589,314
Stationery &Postages		105,025		105,025	96,698
Costs of Mission News		16,331		16,331	16,632
Staff Costs		111,338		111,338	112,533
Legal and Professional	Fees	40		40	5,280
Bank Charges		5,523		5,523	4,121
Depreciation oftangible assets		81,024		81,024	87,342
Loss on disposal ofassets		398		398
Auditors Remuneration		15,753		15,753	12,810
		1,223,557	49,777	1,273,334	1,331,486

			Unrestricted
				Total	Total
			General f	2020f	2019 f
Other	resources	expended	225,958	225,958	27,765
			225,958	225,958	27,765

	Unrestricted
	funds	Total	Total
	General f	2020 g	2019 f
Audit fees
Audit ofthe financial statements	14,343	14,343	11,400
Other fees paid to auditors	1,410	1,410	1,410
	15,753	15,753	12,810

Net outgoing res	ources for the year include:
		2020f	2019 f
Audit fees		14,343	11,400
Other non-audit	services	1,410	1,410
Profit on disposal ofinvestments		(184,315)	(217,059)
Loss on disposal	offixed assets held forthe charity's own use	398	(2,928)
Depreciation offixed assets		81,024	87,342
Foreign currency	(gains)/losses	(2,426)	13,636
Finance charges	payable	5,523	4,112

13Staffcosts The aggregate payroll costs were as follows:
	2020	2019
	f	f
Staff costs during the year were:
Wages and salaries	109,442	111,313
Pension costs	1,896	1,220
	111,338	112,533

16Tangible fixed assets
		Furniture
	Land and	and	Motor	Computer
	buildings	equipment E	vehicles E	equipment f	Total E
Cost
At 1January 2020	3,725,062	97,223	108,590	78,388	4,009,263
Additions		1,490		187	1,677
Disposals		(1,896)			(1,896)
At 31December 2020	3,725,062	96,817	108,590	78,575	4,009,044
Depreciation
At 1January 2020	552,573	77,257	61,955	69,671	761,456
Charge for the year	63,370	4,213	11,660	1,781	81,024
Eliminated on disposals		(1,498)			(1,498)
At 31December 2020	615,943	79,972	73,615	71,452	840,982
Net book value
At 31 December 2020	3,109,119	16,345	34.975	7,123	3,166,062
At 31December 2019	3,172,489	19,966	46,635	8,717	3,247,807

2$ Funds
					Balance at 1			Other	Balance at$1
					January	Incoming	Resources	recognised	December
					2020 f	resources f	expended	gains/(losses) f	2020 f
Unrestricted	funds
General
Unrestricted		Income Fund			11,327,616	954,134	(1,505,135)	(100,615)	10,676,000
Designated
Medical and		Retirement		Fund	1,711,311	32.131	(9,465)	(36,838)	1,697,139
Renovation		Fund			250,000				250,000
International		Members		Fund	50,000				50,000
					2,011,311	32,131	(9,465)	(36,838)	1,997,139
Total unrestricted			funds		13,338,927	986,265	(1,514,600)	(137,453)	12,673,139
Restricted funds
International		Projects			21,570	35,395	(49,777)		7,188
Total funds					13,360,437	1,021,660	(2,364,377)	(137,433)	12,660,327
									Balance at$1
					Balance at1			Other	December
					January 2019 f	Incoming resources f	Resources expended f	recognised gains/(losses) f	2019 f(As restated)
Unrestricted	funds
Gener)el
Unrestricted		income Fund			11,013,080	1,051,066	(1,314,956)	578,426	11,327,616
Designated
Medical and		Retirement		Fund	1,461,138	52,165	(10,013)	208,021	1,711,311
Renovation		Fund			250,000				250,000
International		Members		Fund	50,000				50,000
					1,761,138	52,165	(10,013)	208,021	2,011,311
Total unrestricted			funds		12,774,218	1,103,231	(1,324,969)	786,447	13,338,927
Restricted
International		Projects			71,331	52,399	(102,160)		21,570
Total funds					12,845,549	1,155,630	(1,427,129)	786,447	13,360,497

					Total funds at	Total funds at
		Unrestricted	funds	Restricted	31December
		General	Designated	funds		2020
		E	E	E		E
Tangible	fixed assets	3,168,062				3,168,062
Fixed asset investments		5,508,229	1,697,139			7,205,368
Current	assets	2,400,720	300,000	7,188		2,707,908
Current	liabilities	(401,011)				(401,011)
Total net assets		10,676,000	1,997,139	7,188		12,680,327
					Total funds at
		Unrestricted	funds	Restricted	31December
		General	Designated	funds		2019
		E	E	E	E	(As restated)
Tangible	fixed assets	3,247,807				3,247,807
Fixed asset investments		5,679,795	1,711,311			7,391,106
Current	assets	2,800,351	300,000	21,570		3,121,921
Current	liabilities	(400,337)				(400,337)
Total net assets		11,327,616	2,011,311	21,570		13,360,497

25 Analysis ofnet funds
				At31
	At 1January	Financing cash	Exchange	December
	2020 f	flowsf	movement f	2020 f
Cash at bank and in hand	1,889,599	(209,736)	2,426	1,682,289
Current asset investments	792,561	(2,528)		790,033
Net debt	2,682,160	(212,264)	2,426	2,472,322
				At31
	At 1January	Rnancing cash	Exchange	December
	2019 f	flowsf	movement f	2019
Cash at bank and in hand	1,878,080	25,155	(13,636)	1,889,599
Current asset investments	800,000	(7,439)		792,561
Net debt	2,678,080