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