The Society of Catholic Medical Missionaries Annual Report and Financial Statements For the year ended 31 Dember 2019 Ch8rty Rl$tIatkn No.. 232742
Th• Socloty of Cathollc M8dlcal Missionari•s Annual Roport ofthe TTUStees For the year gnded 31* DeMbr 2019 L8gal and Admlnlstratlve Detalls Full nam• The Society of Catholic Medical Missionaries (Commonly known as the Medical IAissicin .lArlIK) Re915tration Number 232742 Medlcal Mlsslon Sisters UK Trustaes as of 31Xt Dècember 2019 Chair of Trusteèslcommunications TrusteglTrsurer Trustee Sister Lynne Rooker Sister Rtta Syron Sister Marietta Natividad &sler Sifnone Hemnann Sigtof Jyoti Prgmika Kujur Trustcc PAMS Socl•ty CoordlnatoT Sbstsr Irw• Gladdey Fernand•x Admini¥trntion Addre88 1U9 Llilherow Avenue Hanwèll London W7 2BL AGGountants Moore Kingston smitn LLP The Shipping Bijilding Tho Old vin Factory Blyth Road Hayes. London UB3 1HA Prlncipal Bankers Tho Cooperativc Bank 14 New Broadway Ealing London W5 2XL Solicitors James V¢mOTrMiS Hunters Law LLP 9 N8w Square Lincoln's Inn London WC2A3QN
The St[ety of Catholie Mèdieal M188lonaTigS nual Report Df thu TruitEE For the y•ar ended 31" December 2019 Structure Governanrg and Mana ent Th8 Society of Catholic Medical Missionaries ISLMMI known as the MettirAI Mission Sisters IMMSI Is an intomotional rcligÉou- con9regation of misgicnsry 8iStorE in the Catholic Chureh, founded in 1925. The International Headquarters (Generalel of the congregation is locaÈgd in Arton. LorHlon, UK. Thara aro 470 professed sisters around the worfd, of whom 19 are ojrrenuy resident in the Untted Kingdom. CuiiyiEy¢Jtivii ib yuv¥riiTsLI by ilb- uwii Cuiibtilulion. The CongregatioTr is d[vid into geographiGal r¥gion8. known as Unrts. One such Unil Is Medical Mission Sisiers UK. The accourats accompanying this report are the ac£ounls of the Charitable Trust in whith the assets of Med1 Mission Sisters UK are held. Charitsble Trust Deed No.232742. dated 30th December 1963, governs the Trust. The accounts have been prepaied in aGWrd<1ll willi aLwuiiliiig standards and lh¢ Statement of Recommended Practice in 'Accounting and Reporting by Charities. issued in Marth 2015. Cliaiitrdtsl¥ TiusL Dewj Nu 232742 dyltyj DB(tmb¢T 1963, 9ov¢ms the Trutst. The Trusto¢? ar? appointed by the Sooiety Coordinator (General Superior olthe conoreqab.onl trom among Medical Mission bistsrs In me UK who havg appropri3t8 qualitigs and skills. Charty Commission information is regulady downloaded and disGussed by Tiu¥tBBs and ¥l¢ill membEts. Avtiiltabilily ol Sullab MediGal Mission Sisters to kcome trustees is monitored by the ChaTity. as is th8 possibilily of training and appointing of Trustees trom outgde Medical Mission Sislors. Gov¢manG¢ an mana ement I he I rustees are iesponsibie lor tne overall management of the Charrty and for care ol the Slstsrs. Trusiees met and corresponded with each other at18a51 on(% a month in 2019. Other sisters ar8 ry)-opl8d to assist with publicaty, fundraising for local arKI global mission o)mmunicaUons and support of th9 8i8t8rs. Trninin of Trustèès and members One Trustee is a mgmb¥r of thè ConfenCe of Religious for England and Wal8s as are other active members of the Unit. The Conference and the regional branch of the Conference is a helpful resource for advlce arKI Infomatlon. Tha Trustee Treasurer and staff attended drfferent courses updates and conferences on legal and financial matters è.g. the Annual Conference of the Assoaation of PronClaI Bursars, conferences orgarrised by Moore Kingston Smtth. the Catholic Charity Conference. wgbinars and oth. Other Medi(sl Mission Sisters have attended conferences assooated with their professions and individual involvgm8nts. ctives The mi>¥ion of thg. Soriety ts to relipvg. wJff8ring anrl pmmntp. hp.ALlh. Tnupthp.r with those whose INes are affected by 3icknea3, poverty and otherforms of 30¢ial exclusion tho- carch with olhety for appropriate ways io felieve sullenng and fdnsloTm siiuaiions Ihaiput Ihe heal(h and well-belng ol peopl8 ano the planet xl risk Pu In planning and carwno out the 8Ctivittes of the Chartty. the Trustees have had waril to ouidanc* ol the Chorty Commiyyion in regard to Public bcrECf. Thc activitics. achievements 2nd parf0rn12nce notod bdow dEmonstFaie the wtJFk by Ui¥ tsi¥i¥r¥ iii supporbng PIe in negd in Etyland and Wales including our own 8t$ters. Carè of ddorly or sick sisters resident in England and Watos. Publscty, misson appeal talks and fundraising for local and global Mission and niiiiuiiiT2IlIl>.
Pae1PatIon in the NHS and s•voral charitaN8 5èNIC.&S, AspArially those whith reach to ple on the fftargin& of &orAety. Soual Justi. peace and enmronmerrtal networking- rgcognl$irwJ the int8rconftectb)n of these Issues with respeLI to health and well-being. Achievem&nts and Perforniance Care of the gldErl 5iSterts The averaoe age ot the sislers In MMb-UK ts 18 a me(Jian age of 82 years. Wlth age 50Tne of tli¢ biblttib are bé¢x)ming frailor requiring more r9sourcas and time fortheir tsrè. Sist8TS who are ablè assist 8lderfy sistèrs with shoppÉng and laundry and regulady visit those in 3h¢ltered housing and r8sidèntial care. Mobility 8i¢Js ara proviaea for sisters who neoa them. Al Ihe end of 2019 elght biblEib l¥bid¥iJ iii >li¥lltri¥d IBousiiig run by Pathways Charity or similar organization. In 2019 four sisters were in Tesidentr"al care homes supportea Dy tne edical Mission Sisters. In 2019 two 8ldèrty sisters died. Public ni ions 20 parishes in England Wales were Visi by sisters tor Mtssion Appeals. Funds raise(f wgre donated to the Society Gener8late for wod¢wide mission. Two Newsletters were published in 2019 wtth copies dislribulgd to donors and to parish1or$ at the time of mission appeals. With th9 h91p of th• updated database it has beÈn possible to improv r.nntRrl with vp.ry mxny long temi donors, providing them with infomatign of cuThent neods, and the work that has been accomplished. enablino us lo Improve accOUntalI1Y. Minthl of Dats Protedion Éssues and good prscticé. w8 cx)ntinue to update the wishes of donors r8garding raceiving information and publicaknons Regular updating of our website continues in order to provide information atK>ul Medical Mig5inn qiqtprs. xnd nijr wnrk hnth At ht)m&. xnd abroad. W¢ ar¢ try?ri9 to reduce our expen8es by. regularly upding the malllng Ilst according to do[[5 Wi5hps encouraging communication with our Ilonors by e-mail according to their wishes we now send oul the magazine in PD Formatby email to mOSt of ouroverseas read8r3 and some of our UK readers. The effectweness of fundralsiTrJ is d8cxeasing beLtse we no Iger have many sisters ablo to do fundraising work. Many reoular donors are aoeino. and the numb8T of new donois continues to decreasè. The Trustees gro 9fat•ful that fi sisters gave mission appgalg in thpL C.gtholir. pxriqh8 (>f FnolAnd and Wales in 2018. We do rt¢¢iv¢ letters and reports of appreciabon from these pari3hes. W8 aro grateful to long lerm donor5 who leave us a legacy in Ihwrwll. It is wonderful thatthe mission ofhealth and heatsng is helped in this way. Social JuAticÈ P Sisters netWOTk wilh Juslicg. Peace. Environmental and Interfaith organisations. joining Ihem in endeavours to work for a more just and peaceful worfd. They do this by joining kncal peac* and justic8 groups, by CorreSporence and by joining in peaceful demonstrations to help creat8 awareness of the various issues. nroani&qtinns wtth whom we neh)rk with are CAFOD. National Justice and Peace Network. Anti-Human Trafficking network-, Jcsuit Refugee Services. Pax Christi and Climsto Change Coalition. Activitiès in On8 Sistei woths as a sen¥)r doclor in a Lonthn hospital A&E department. One is a senior case wort(er wth St Munoo's, cannq for homeless people. Two aro part-timo volunlegrs with Jesuit Refugee Servieo, th& M43daillp. TN1 And CArit28 Westminsler Bhaknta Hvube. One. irs asso¢iation with Jesuit Rgfvgee Service regularly visits women in a naarby refijgee ijetenuon centre. One 5151er 15 involved in Pctblvi¢al e and allemalive heath cAre in her parith. These active sisters also conthbuta to fundraising efforts- espacially mission appeals. Sisters of retirement age (x)ntinue with parttime involvement ill the followirtyj areas: Pailicipalion in national and IoGal Church Justice, Peace and Integrity of Creation groupa.
Flaspi volunteer LlrotFin ontre for Ihe elUer]y R8treat work vmth the Soci8ty of Martha and Mary Volunteerin9 at Ihe local Food Bank ct of tho involvements of the $i$tsrs: Followinq the objeth.ves tOT which the charity was estab11sh@(J, one sister, a traine(I surgeon. works in the Nional He2h Service in a very busyA&E department. Doctors and nurses in A&E find it difficutt to meet the complex bssu8s of homeless patients. As w811 as her major duties, our sister has been m[niSSiOned to develop a ground netsvotk with other homeles5 S8Mces such as GP surg8ries, day centre and al<x)hol and drug servl(%s with leaflets lor hei colleagues to sign-post pat¢eTrts to appropriate service3. Sh¢ has a regular progTamm9 of h01kle teaching on these issues and is often asked to advise in the managemènt of difficult cases. All of this eases the difficulties of wlleagues and htrlps patients on thg road to better and safer fAre. Journeying with th080 who aro Rlaoping rough on the gtreets n@@dg COU9• gnd pOr.vranr. The si£ters Iwdyb wuiK willi itrliable Charities e.9 Hope for oouthall I lomeless and N¢0¥ $uch a3 St.MLEngo's. With home$$ne&S rising arbj involving many young people this Servi 18 Irfa saving. Our sisters, of Indian background, work with some homeless people some of whom ar8 failed asylum seèkers. Language and a knowledqe of culture is ts1 lo helping clIes to ¢Jecide whai is best for them. Some have been ré¢x)nnècled with their fami5ie% and hAve returnad home. The Hope project owns a day and to night shelter to provide a safo bas¢ for those who would Othe188 31e¢p rough. H¢lp oftcn nccdcd regarding legal and immigraiion Issues. This Involvgmern has all impact when cllents gra(Jually get on tv th road to togal statu5, or, to recovering health and a norrnal life. Much ol Ihe work ine $ier$ (Jo Is belng preseni io people who are SILK ur Esldvrly, liuiiiI¥J5 vi uilieiwisv iii diffirI urcumqlanrpq 211 IhAt iq nggded is a chat. laugh and reminisng over old times The 8i8ter$' li$t8ning and earing is certainly grely appreclated. Sometimes they ara abl8 to help people to contact other servi$ which may ba available to them. Where this is not possible they 8c(x)mpany people in Ih•ir diffiwlties. helping Ihèm to co. As wf(h many other a¢tÉvilies impact is measured nol only in statistics but a180 in th¢ quality of rel8tion3hipa Bnd understonding that grow botween pgoplo. Wo engage in activities for social justice and the environment because of the dt9nity of ea( P8T8on and tha gift of creation, our IK)mmon home. P6titions, letter writing and meetings have resultgd in malor growth ol awar9noss, legal develDpments in hutn¢in iiglilb diid Lliiii¢il¥ issues. We have ntribLd to these results. albeit in a small way. m•Ma or Rlslt The trustees have assèssad tha major risks to whith th& (h8rity is exposed aTKI hsve &stablished effective systems to mttigate those risks". ein reasin of rnembeT5hi Young members of the charity are in the procoss of increasing thgtr work the younger gèneration to encourage new membeTS. asin income economic dimate Sistèrs try tn find nAw w2yq cjf fitndr8ising and making the (%use known. Every effort was made to attract dorr$ and to control costs. Trustees restructured the investment policy and rel(K2ted some of the fvnds to gènèrate more ino)mg. in resuh of dimin- and numb norg and tho Future lans and a¢tlYlti Car& of the eldedy. frail and sid( sisters will cLTrntsnu8 lo an important part of the activitias of MMS. MMS-UK contsnue to 5UPPOrt overseas mission5 although Ihi3 will d¢¢r¢ase in 2020 dije to a9eing. Sisr5 in the UKwlll Comlnue thelr ILKal Involvefflents, as fai ilb ili¥y able armrding to the acbwtse? listed in this RP_[rt. Complgts thg ramodial work on loft devalopment of 8 Trust property.
Flnan¢kBI Re ort for thrj car 2010 Asummary of the year's resuks can be found on page 10 of the a¢¢wnts. The Charil 's totsl incomin resources for 2019 amoLtnted lo £393.252 compared to £ 287.622 in 2018. Main sources of income were donations, subsiay from the Socaety's Generalaie io SUPPDrt older Si5teib dTid f8mun8ration of 2 Sisters. Proceeds r1Ved from Sisters, IAi55ion Apr1 were donated to the General Assembly for Ihe mi55iDn ¢ibiu<ld. Resour 8nd8d durin neral Fund were £210.401, which inrJudÈd thè donation to overseas mission of the Gen91al Ass8mbly. The Trustees 8d(nowledge the ongoing support cost of Sisters in Residential care of £ 55,929. In 2019 total resources expended were £297.778. 2019 The Society has no unpaid voluntsors find received donations in kind. Financial osition The balance sheet BhowB tgtal aggèts of £1,181,924. Fix&d assets are tangiblo assets P313,3ft1 ¥nrt inv95twnents are £133.057. Net current as8815 a £655.293. F nd ba18ncs Gonoral lund is £575,858 lof whi¢h £3Q3.743 are tangible assotsl. The Reserve fund is £25U,UOU. "I his desianaleu lun(J Is a suffiCnt amount lo cover the support an(J work of the sislors in England. It can be used by decisions of the Trustees to assist cash flow when necessaTy. If used, it is to ieplgnishgd from ffft reserves as they accumulate. The Fund has not b¢en touched in 2019. The state of the reserve fund is being reviewed annually. Fund provides for the Ca needs of thts $lderly and sick 3iSter8 at homs as wcll a- in residential care. The Care Fund ands at £209.949 at the end of 2019. R¢s¢r¥e Medical Mi33ion ki13t¥r¥' policy 18 not to hold large fr¢¢ rer¥¢$ in any Unit but. rf pOlbIe, to makg availablg to the General Adminislration a portion of available cash to benefft nely areas of the So¢iety ts Fni55ionary woth around the wortd. Poll Free re5erve5 ar8 those furHJ5 whith are oveT ciix)vv tjui liiibilities and the designatryl funds. If special purpos8 funds are needed in the UK these may be sel up by the Trustees trom Iree re58Nes, arter dialoaue wilh thè General Adminislratian. Thp. Society of Catholic Medical Missionaries IMMS-UKI Charitable TTUSt aims to support the sisters in their religious lrfe and in thcir charitablc worL. To thi6 ond thg Trust has 0xPo r•sources for the spir1¥1 and wnaterial well-being of the sisters a5 they go aboui their ministries. Regular donations have been given to SUpt the local parish ¢hurches and priests. donation for masses for deceased benef8cioTS and friends. The Trustees have also authorised donations to Certain charities whith have similar aims to our Trust and with whlch slster5 may b8 wotkiny. MuLli eriEIyy tafiLb 111(Jest r&sour(s have been expended in mi3Jion appeals and publicity concerning OUT work here and overseas. Giv¥Fi IIT¥ a9e struthie of the MGfftbet5hip, the Trustees have Gontinued to affirm the ¥iator- in their variou- charitable works and for8Sèè that the sisters will ¢ontintJ& in these mlnlstrie5 acwrding lo Ihei¥ heallli and energy. The Trustees apprèoatè th8 faca that the sister5 are a h&aling presence to P80ple and lo one anolher even when their activities are very limited The Trustees, with the one staff member. have identlfied the major fisk$ f8elng tha Charity, in partieular tha rinaii¥i(Il, operational and Cxjmpliance controls in order trj Mgate the risks farkd by thc Chority. A risk management review is ¢arried out in January each yeai and Is dolmen[e tn Ihe Tisk rler. whlch Is availablg for the annual audrt and to the insurance o)mpany. Ourino 2019 attenlion was given to understanding the basics of poliaes concerning Data Protection, and Safeguarding. Cybgr Crime and Fraiid. These in plArs*.. Inr4ur3nrA premiums will b8 considered for legal issues and Gybercrim¢ in 2020.
Covld-19 andemi¢ The tru@08 havo congidorod the omergonco and sprÈad trf the CoMd-19 virus Dost r end. and the impacl this has had on the charty. PrellOnS have been taken to protect the Sisters. which have not h8(1 a significant impact on the o)sts of the charity, thouah the level of donations is expded lo be lower. Based on the information availablo to th• date of sign%Tra thes0 financial st8tpmpnt8 oivg.n Ihp eharily's asset base and cash posltlon, the trustges do not believv Llicil Iliis global event indicates a significant uncertainty which moy rast doLtbt upon the charity's ability to continue in operation as a qoinq concern lor at least the nem 12 months from tho dat8 of approval ofthose aecounts. Invèstment h If aulhorlt The Trusiees, by Article J (11 ot ihe 6naritaDie Irusi Deed. fflay-inve any money Torrnlng P%il uf 1¥ TTubl Fund by 8pplwng thÈ same in the purchase of or at interest upon the security of such stodts fvnds securities land building5 thattels or other investments or prop&rty whatsoevgr nature and whafever situate and whother purchased for the productson of srbcome or for pit81 appreoation or for actual o¢fjupation Lk8e or enioyment thprp.nf Ihg Trusl8as see fir. The Trustses are guided by policie5 of the Medical Mission Sistsrs regarding investments whirth require that fund5 be investad in ways which a ¢x)nsistent with ils Mission that is.in solidarity with those madg px)or, with the powerless and with those who are oppressed". Trustees, res with res ed to the accounts Th8 Tnjstees are responsible for preparing the Tnjstees, Annual Report and the ftnanoai SL8iements in accordanco with applic2ble law and tho United Kingdom Accounting Standards {Unrted Kingdom Generally Accepted Accounting Practi) including FRS 102 The Finanal Reporting Standard applicabl8 in tho United Kinodom and Republic of Ireland,. The l¢iW 4lpplibk Lu blidfities in En9land and Wale5 requireslrustecs lo prepare financial 3ts1ementsfor oach financial year which give a true and fair vi8w of the stste of affairs of the Charity and of incoming resourc8S and application of resourc4s. including tha income and expendiiur8 of the charityforthat riod. In prepamg the financial aternentS the tTU5tees are required to: Selefjt Suitable aGGounting pradi¢e? and applitsd tham consistently o Observe the Methj$ and principles in the Charitigs SORP. Make judgements and estimat6s that are reason8bl8 and prudent- otatfs TrNheth¢r appli¢able UK aGGounbng Standard3 have l>een followcd ubl011o any matenal (Jepartures disclose(J and explained in the nancIal stslements,. and PT8par8 the financtal statements on the going o)ncern basis unless r( is inapproprrdte to pr8sume that the charily will continue in business. The Trustees a responsible for keeping properaccounting re(x)nls whlch disclose. with rÈ8sonable aCracY al any tim8. the financjal position of the Charlly, and enable them lo ensure that the accounts wmply with the Chgrities Art ?011 Thp.y Arp. Al£0 responsibl& forthe safeguarding ofthe assets of the Chartty and. hen. for the taking of reaaonable 3tep8 for Iho dotcction and provontion of fraud and oh9r irrggulsriti•s. The Trustèes wish to record th8 prof8ssionalism and de¢Jic8tton of their stsff membar. who is tho Finance Officer, and the individual members of the congregation. On bèhalf of th8 TTUSt@8S Lynne Rooker Chalr of Trustee¥ Date= 2911012020
The Society of Catholic Medical Missionaries Statement of Financial Activities For the ye2r p.ndp.d 21 fJp.es.thmber 2019 unStrICted Funds Funts Gener¥1 Custodial DeBignatod Fvnd Fund Ro5orv•s Gen¢r•l Fund Totsl 2019 Total 2018 Incornè frtsm: DonaUtJll¥ dlltj IEydLIES ChaiTtrabl8 aclnith8s Stipend5 and benefrts 0th8rtrading actwities Team incomc Illvestffnts Other 71,Z07 38,648 140,419 97.606 106,974 1C4974 118,553 76.og2 711 no? 169 6,490 63,27T 63,2 1588 T¢lal Incom• 323,931 552 30.121 Jo,& 393,252 287. Exp•ndthrF c. atitatAB aLvili¥s' DonationsrnAission8 EX[8$ for mosity) PUFpoJeJ 187.143 16.- 6,960 55,929 274,520 16,298 232,756 16,7¢J9 6,720 otr Total exp•ndlturè 210,401 1,448 55.929 297,778 2.274 Net Incom&(pendi1Urfj1 l)•forn on inveslmtrnls 113,530 I8) 125,8081 N•tg•lnslltOS8881 on Inw51rnnts 2.794 13.7J)I Net In¢omellexpenditurel Ixfore transfers 116.824 18961 125,8081 8,eA& 98,208 27,G19 Not mo¥wrt In fundJ 116.324 18961 125m8) .268 27.619 Toial fund5 brought ft¥twawd at 1st January 2019 14 52,615 I,IJ03,JU3 Yf>,fO4 Totsl fvnd5 wriBd fotwanl at 31st De¢ember 2019 14 575,858 4.581 459,949 61.263 1,101.651 1,003.383 There no rocogni8ed galng 10$$0$ duriTrJ tJ¥J par oth8rlhan thÉ forlhe y8ar shwi above. All the atVe Testh deriv8 from continuirty aebvilMs. The a¢(a)mp8nWr¥J nclos ftym an u)bJral part c4 these wju 10
The Society of Catholic Medical Missionaries Balance at 31st December 2019 2019 2019 2018 2018 Fixod a$$ots T8Trgible assets Inveslmenls 313,301 ??n,Afjfj 130,283 446.358 4S1,118 Curr•nt assots ColleGtions in progress DebtOTS Ca-h at bank Cash in hand 13,373 2.180 719.763 250 19,647 3,852 610.184 250 12 735,566 633.933 Cr&ditors: Amounts falllng duo wlthln (me year 13 80,273 Net ¢urr•nt a$$•l• 655.293 552 265 T¢)tal assots l•u uirr&nt liablllll&È 1.101.651 1.(103,383 Nèt assets 1,101.651 1,003,383 Fund Balanw4 Gènoral Fund 14 575.858 459,534 Cust(xlial Fund 14 4,581 Olher Designated Funds 14 459,949 485,757 Restrlcled FuTrds 15 81.263 1.1n1.fi51 1,003.383 The accompanwfig notès form an integral part of thes8 finanal statements. Approv and 8UtFMIri*Ktd fr)r issuè by th8 Tnjstees and stgned on thelr behalf". Llknv i wt/vL Disthct England Treasurer Dl8triGt ¢%Fordinator Date.. ..Ig." 0 th..1tr.1020 11
The Society of Catholic Medical Missionaries
Notes to the Financial StatemontC4
For the year ended 31 December 2019
£countino Policies
Summary of the prinPaI accountin9 policigs adt)pW. jhidgAmAnt 2nd kay SoUrS of eslimation
uncertainty, Is set out belDW.
1.1 Ba¥1¥ Of Preparntlon
I he tinanci81 siatoments nav6 L)8en prepare(J In wlui 3btsm6nt of Recommended practi..
Accounting and Repon9 by Chariliog Pfg.parirtg thèlr acCUnts ill accordance vAth the Finarrial Reporting
Standard applicable Sn the UK and RepubliG of Ireland IFRS 1021 issued on 16 Juty 2014 and tha Financial
Reporting Standard applicable In the Unlted Kirvjdom and Republic of Irèland IFRS 1021 and the Char¥tl85
AGt 2011 and UK Gener811y A(xepted Pradice as 6t applies from 1 January 2015.
Tho accounts (finan¢l21 statements) havo bn propared tn gwA A Yruè and fai vièw and have departed
from the Charslies (Am)unls and Rep(wtsl Regulations 2008 only to the extent requlred to provide a 'true
fair viav/. This departurè has involved foilowng Accounting and RepoTbng by Chartli8s preparing their
in aGGOFdance with the finanThal fi$porting 8tsndord opplicablo in the UK and Rapublic of Irè12nd
IFRS 1021 issued on 16 July 2014 rather than the ACCOUnn an(J HerA)rb"ng by cnarrfiés.. Statement of
r
The Society of Catholic Medical Missionaries Njotoo to tho Fin2nei21 gt2tomont For the year ended 31 December 2019 (Lontinued) Accountlng Pollcles Icontlnuedl 1.4 Expenditur8 Expenditure is includgd in thè Stgl•mont nf Finanr.iAI ArthviHMR inr.liJ%ivA nf Any VAT which c2nnot bè rtrGovered. Expenditure is recognised on an ac¢ruals baals, once thefe 13 0 Ic901 or constructivo obli9ation lo transfer e(x)nomic benefrt to 8 third Darty. il is probable that a tsansler ot economic benefrts wll be required in $elUemont and th& amount of the obligation can b$ moasurfjd rèllably. Expendiiuie is allocated directty to the expendTiure headings as far as praclically possible to rÈffl8ct lh8 tiviliv> ul Ili¥ bliiiiily uii4Jtti Ili¥ fulluwiiiy ¢iLlivily lieadiiigs. Exp8nd51ure on thaTilabl8 aetiviti8s indudes those direct costs and sUPPOrt costs relaling lo the pursuit of Ihe chariws objectiv9$. Staff (x>sts 8rg 8111)catad to appropriatè exwndilufe categories by reference to •$tiTllat•d tim* #pBnt by Ètaff on #etivth•$. nthAf AxpAndihirA rApTAntE thn itrAm.q not f2111Ag intrj Any othèr hèading. 1.5 Forelgn Currencles Tran¢tionS ar¢ dealt th at th¢ rats of e)rchange prevailing at the dala of the transaction. 1.6 Taxation The Society is a reglsteied Charity and as no tradiThJ activty Is cafrled out. It Is exen)pt from income and corporation taxes. 1.1 Fixeu Assets and uepr¢¢iation Tangible fixèd assets are statèd at cost less accumul8ted depraciation. AJI costs incurred in the purchase or enharicement of fixed assets is included. Deprebiatioii is piovided uii fiA¥d assets wlien they aiE brought inlo use, at fate5 whkGh will writ¢ off the cost of th8 assets over th8ir useful 8ff8ctiv8 lives. Tne raies used are.. Frgehold land and buildlngs Furniture and equipment 2.5Qh stralght Ilne 25% straight line ots a valuc cxcc¢ding £250 arc capital1cd in th¢4¥C aGGounts. 1.8 Flxed asset invgstments Iiiv¥¥(i)i¥iiL¥ oiE <1 ILNIII ul f51)aiibidl ii)stiuiii¥iil aiid iiiilially rel11}l LtilliOi1on value and subs8QU8ntty m8asur8d at th8ir fair valu8 as at th8 balance sh88t dal8 using th8 closing quotad market price. The statement of financial activiiies tndudes the net gains and losses artsing on revaluatitsn and disposals throughout the year. The chaaty does not acquire pul optsons, delivatives or other complex finan¢ial IntrUMents. 1.9 Invo•tment g¥Én• and 10$8es All y¢llllS dritj tiiE Idken lu the Stdle[TilL uf Finantitil AL-vi ti¥ III¥y élli&e. 1.10 Ca$h and ¢a$h oquivalonts Cash and cash eqtjivalenls indude cash in hand. deposits held al call wlh bank. and other short-lerm liquid investments wilh original meturiiie3 of three rnontha or lè>s. 13
The Society of Catholic Medical Missionaries Notes to the Financial Statements For the year ende(J 31 December 2019 {Continued) Acrountlng PgliGies {¢ontillUod) 1.11 Flnanciol in¥trumcnts FinancAal instruments 8r& recjwnlsed In th8 charivs b818rh(x shevi th¥ri Lhe (a)arity b0Me5 party to the contractual provi%on3 Of in3trument. Bd¥iL fit}G[al ass&ts arvj liabiloies snitially recognis•d at Iran3aGbon valuè and subseouently measured at amorb.sed cost, using the ettectsve Interest Ta method. Olli¢r fiiiaiioal assets. InGluding investments in ¢quity instruments which ar$ not 8ub8idi8ries, assori85 orjoint vènbjres, arè inityally measured at fair v8luè, vthich Is norn1ty the transactmjn price. Such assets ar8 subs4ugnUy carrted at lair valu8 and th& d)anges in lair ¥dlu¥ aKe rvcognised in profit or h)éè. 1.12 Fund knounting Unrestrlcted General- funds 8rè av8118b to sp&nd at the discretion ofthe trustees in fvth9fance ofthe obje¢tsv$8 ofthe ¢h8rity. Dèsignatsa- mese are n(J5 aiiwate(I by1hg Trustees arKI approveu by ili¥ G¥ii¥i¥l Ass8mbly lor parb'cuiar purposes. Cu5todlal- these are desgn4ted funds admink8tsr8d by District EnglarKI on behaff of Districts overseas. Resirtcted- these are funds Ihat arv oiity lu u¥wJ fur a bVVLifiL VUIVU¥Y. 1.13 EJt¢mpl•ns quallfylng enlltles The charty has iaken auvantage of the exemption from the require11[lIb vl Mudult 14. Slalement of cash flows to prepare a ststement of cash flows, under the Charib"es SORP 2019. 1_14 Crltleal ac¢ountlng 8stlrnat&s and areas of judgèment In the view of the trust¢C in opp"n9 thc accounting polic4es adopted, no judgEmèntÈ wor8 rèquired that have a snifiCa[t eff8Ct on thè amounts f•cognised in the financial stat8mÈnts nor do any e5t"rnate3 or gssumptions made cary a sv3nificant ri8k of material adjustment in the next financial year. Resldntlal Gare Fund General Custodlal Fund Fund Restricted Total Fund 2019 Total 2018 Donations L9gaue$ Fundtaisin9 events 42,825 15,069 13,373 552 29,952 38,648 111,977 15.069 13.37a 75,420 2.539 19,647 552 29,952 38 648 140 419 97,60fj Resid¢ntial Care R•5tr1EiBd Tijtal Fund Fund kncome from Invostmonts G¢neTrl Cu¥todlal Fund Fund Total 2019 2018 Inwme arising from investments Income arising from rash deposits Total lrt¢tsm• Arl$lng 5,707 614 169 5.876 614 4.632 511 6,321 169 6,4g) 5,143 14
The Society of Catholic Medical Missionaries Notes to the Financial Statements For the year ended 31 December 2019 (Continued) Residential Care Fund 4 0onationBIMi88ion8 G•n•rnl Custodial Fund Fund Restricted Fund Total 2019 Tolal Dire¢t ¢horl¢ablo expwpdlturn." Donationslmissions 8xpenso¢ Othcr donlltion and gifts Support costs.. General exp¥nbElb House operating costs Legal and profession81 Depr¢¢iation Bank Ghargc= Meeting5. travel and other support 16,657 275 1,448 55.929 30.LThXI 104.034 275 136.431 229 1.389 62.732 88,335 14.070 133 1,J09 62,732 88.335 14,070 199 1.033 66.577 9,816 15.004 131 3,572 3.572 187,143 1.448 55.929 30,1WJ ?74 520 ?2? 7.fjfi S Othèr eo#ts RÈsidentlal Care Fund GgneTal Custodlal Fund Fund Total 2019 ToLIl 2018 AuditoV£ rgmuner3tion for.. Audit fee 6,960 6.960 6.720 6.960 6.960 6,720 6 Staff Costs 2019 2018 Waoes and salaries wo¢ial a¢¢urity c03ts 6,920 ,591 6.920 6.591 Numberof8mployaas.' ThFJ AvAr2op mnnthty nLFmbg.r Thf emploS during th8 yaar was Th8 SOCi8ty considèrs tts kèy m8n898mènt rSOnnel to comprise the trusteès. There were no employees who fgceNed employee benefi15 of morg th8n £60,000. 7 Tru#t&È#' Rèmunaratlon No tDJstees received remuneiab.on for their servic6s (Juring the year {2UIIJ- none). During the year lJustee wa6 1mbr8ed for ropair8 lotalling £275 (2018- E228}. 15
The Society of Catholic Medical Missionaries Notes to thg Finanaal Statements For the year ended 31 December 2019 (Continued) Fixed Ass•ts 11)9 CliUi¥row Avunue Fyrniturè Assèts aiid Und9f Equlpmènt Constructlon Springlt¥l Road Total C¢)st As al Isl January Z019 Additions Dlsposals 49.9>0 396,17fj 31.454 71.862 7,654 549,442 7,65d 11.1381 11,1381 As al 31st December 2019 49.950 396.176 30.316 79.516 555,958 Depreciation As at 1st January 2019 Charg@ for th8 yaar 42,689 1.249 180,117 25,801 2,917 228,587 14.070 % al 31st Dec*mr 2019 43.918 170,021 28,718 242.657 Not Book Value A6 at 316t Decombei 201 6,022 226.ISS 1,598 79,516 313,301 As at 31st D8C8mb8r 2018 7?81 ?36.n.SQ 71.862 320.855 9 Instrnrt3 2019 2018 CCLA Fixed Interest Deposit Fund Matket value brought foThMrd at 1 January 2019 Change in market value Markat valuè CArriad fon¥ard at 31 Dgcomber 2019 95,263 2,794 98.057 98,993 3,730 9S.263 National oavÈng3 Inwme Bonds 3S,000 133,0>1 35,000 130,263 These are heid primarily to provide an inve8trn$nl rplum for thè ¢hBrfty. 10 Flnanclal Instruen 2019 201e Carrylng amount of financial assèts Debl instruments measured al amorbsed cosl In6trumènts mea6urgd at fair value through income and 8xpend41uTe 15.345 98,057 20,837 95,263 Carrying anwnt of fin•nei•l li#billtl#È Measured al amortised (J)sl 29,782 46,611 11 Debtors 2019 2018 Sundry debtors, recewables and prepayments Accrued Income 560 1.fj20 2,966
The Society of Catholic Medical Missionaries Note3 to the Financi81 Statomen For the year ended 31 December 2019 (Continued) 42 Cash •t R¥nk 2019 2018 Currgnt Attounts No.1 Metro Bank Springfièld Road 146,886 28,UTI 7.469 120.704 18.403 183.032 144.082 D¥puiDiI AL-couiiIs Business reserve account Metro Deposit account Inveslrngnl acry)unt 95 Day Cwp Account GCLA deposlt fund 23,738 36,238 196,754 250.000 30,001 23,ti9ti 215,665 196,740 30,001 719,763 610,184 13 Grnd6tors: Amounls talllng duo wlthln one year 2019 2018 Other (YeditOTS Taxation and social security Deferred Income Accfuals Patrimony 6.721 382 29,400 6.960 36.810 4,201 337 33,600 b,72U 36,810 80.273 81,668 17
The Society of Catholic Medical Missionaries Notes to the Financial Statements For the year ended 31 December 2019 (Continued) 14 Funds Brought Forward Incomlng Outgolng Resoureès ROurceS GalTrs and Lossès T¥ansfèrs Carrled Forard unresinuea.. Genoral 459.534 3??,Q21 21Q,401 2.794 575.858 Designaled.- Custodial fund 5.477 552 1.448 4,581 Other deslgn8ted.' Dlstrici GèneTal Rasdential Care 250,1)00 235,757 48J.7J7 250.000 209.949 459,949 30,121 30,121 55,929 55,929 Reslri¢led.' Sprin9ficld Road 52,615 30.000 61,263 T(btAI i.ot)3.383 393.252 297.778 2.794 1.101.651 Custodial funds ar8 those funds administer&J by Distslct England on behalfof Dislricts overseas. District General Reserves aro furKls allocated by the General Assembty considered to be the working capital requirements for the District. The Rpsid8nlig1 Carp Rpservp is Iiqpd tn rnvAr rr1 fnr Si*lgr% whpn not fijlly fund8d by H8alth Authorities. A transfer from gera1 funds was approved by the trustees lo bring th& fund to a level that wll allow lor required sh(%t term support of the Sisters. Tho Rostrictod Fund has b00n donatgd spfycfficalty forthe extèngton of the Spriwfioky propoty. 15 Analysis of net a8set$ between fund$ Credltors: Amounts due wÈthin one year Fixed As$ets Current Assets Toiai General Fund 393.743 271.036 180.273) 584,506 Oeblynatwj. Custodial Fund Othe¢ Funds 4.581 459.949 4.581 459,949 Rg$trtctgd 52.615 52,615 00,27J 735.566 1,101,651 16 Rglatgd Partkés During the year one sister12018'. one sister). who is also a trustee of the charity. live(J renl- fr99 in the properbes in orderto caryy out the objects of the Soryety. 18
The Society of Catholie Medical Missionaries
Independent Auditorfs Report to the Trustees of
The Society of Catholic Medical Missionaries
Opinion
We have audited Ihe finarKial statements of The Society of Catholi¢ Medical Missionaries for the year
enttett 31 Decernber20"19 whlch comprf5e the SidiviTi¥iII ul Fiiwwityicil A¥-vI, Iliy BrildIE Slhvul iiKJ UI
réLat8d notès to thè fin8nci81 stst8mènts, including a surnmary of significant accounling policies. The
finanaal reporting framework that has been applied in their pr¢p8ratson k8 applicable end Unitcd
Kingoom Accountlng Standards. Includlng FRS 102'The Flnanrjal RepoTb"ng Starvjard plICabl in the UK
and Ropublic of Iroland. Iunitod lfjngdom Crygngralty Ar.PtA AlInO PrArttpA)
In (WT opinion the financial statements:
giva a truè and fair vigw of th& stata of charitys affairs as at 31 December 2019 and of its incomlng
resources and application of resources for the year then ended,. and
have been property prepare(I In aCcOr(Jan wlth Unlfrtt Nng(JoTn G8n8rally ALTrplvd Arwuiiliiiy
PrArtirg..' Afld
havg been prepared in aGcordance V1h the requirements of the Charibgs A¢t 2011.
Ba616 for oplnion
Vve conOvcEed our audtt in accordance 1ntemau.onal Standaios on Audiung IUKI (ISASIUKII ano
8ppli¢able I. Our responsibiltheg under those $tand8rds a further described in the Audibls
ResFKbnsibilibes for the audst of the financial statements section of our report. We are indepondent of trse
charity in accordance wlth the @thlcal r8qulr8mÈnts that ar& relèvant to our audit of tha finanual statem8nts
In the UK. Induding the FRC'S Ethtcal 4Jtand8rd, and )ve have fulfilled our other ethical re3ponslbiliti88 in
ardance with these requirements. We believe Ihal the audrt evidence we have obtsined Is sulfioent and
aPPTOPriato to providg a basis for our opinion.
Conclustons rolatin9 10 going concern
We have nothing lo report in respecl of Ihe followng matters in relatton to which the SSAS IUKI requlre us to
rèport to you whére:
the trust8es' usa of th8 going concgm ba$is of anting in th8 pr8paratKJn of the financ1 ststements
is not appropriate. OT
ili¥ Iiubivvs hdvv Tiul Lli>L4ub¥tJ iii ili¥ fiiiclJiU<il sldLviii¥rils clEiy iLt¥iitiffEyJ iil
The Society of Catholic Medical Missionaries Independent Auditorfs Report to the Trusteès of The Society of Catholic Medical Missionaries (Continued) Motters on whl¢h wg ar• r•quir•d to report by &ycÈptlon We have nothing io report in vl thg followng matters whero the Charitics Act 2011 requirns us to reportto you if, in our opinion= the intgmiatson given in ihe Annual Report ol TIu¥¥S Is InnsIstenI in any materf81 rc)pcot8 with the financi81 statemersts: or the chaTIty has nol kepl ajequate accounting records. OT th8 financial stat8ments are not in agreement with the accounting retxxds and relums", or we have not received all the infomialion and eXplanatiu wo requirg for our audiL R¢spon¥ibilltl¢$ of tru8to•s As trxplained more fully In th8 tru5tees' responstbilitios stslement set out on page 7. the trustè68 are responslblg for the prgparation of thè finanual ststements and for being s8Usfled thatlhèy give a true and falT vlew, cirid lur buLI) ¥nt9mal control as the Iruste03 d¢tem)inc necessary to Snablo the prèparation of finr.11 %tAtAménts that arè free from material misstslemenL vthether due to fraud or error. In preparing the financial st8Ments. the Iruslf¢5 are responsiblo for assessing the charity's ab51ity to Continue 28 8 going ¢oncèm. disdnsing. A Applicablè. matters related lo goina concem and using the golng CDrKem bdyis ul ountI1j unless the trustses either intcnd to liquidato thg ¢haiity or to ceo$e 0pArati(A, or havè no r8alistic ahemtha but to do so. Audito¢s responslb51tt1es for the audil of the financlal statemgTrts We have been apptsintad as a4Jditor undar sectx)n 145 of Charities Act 2011 and report in accordan¢¢ with regulations made under section 154 of thatAct. Our obj8clives are to obtain reasonable assuran about whether the flnanual ststements as a whole are ffee frotn material misstatemenL whether due lo traud or erTor, and to issue an auditofs rsport that indudes our opinion. Reasonable assurance is a high levd of assurance, but is not a guarante8 that an audit conducted in accordance wrth IbAs IUKI will aMays detecl cl IllÈaleii&al iiiisstaternent when it exists. miStaternets can ari89 from fraud or affor ar¥J aro rnnsidèrèd mat8rial if, individually or In aggfegate. they coulij reasonably expecfrd ID Innuvil the eGonomlc derAsitins of usors laken on ba6Ks of thes• finanaal statam8nts. As part of an audit in accordance with ISAS IUK} we exercise protssstonal judgement and maintain prof883ion61 s¢eptiusm throughout tho audit. We also.. Identify and assess the risks of materi81 misstatement of Ihe finandal ststemonts, wh9th8r due to fraLEd or error. design and perfrxm audit procedur8s responsNe to those s8, and obtsin audit evidence that ix iJffitient and appropriate tr) provlde a basis lof our opinion. The rtsk of not 08¥1111Y a Inatetlal - higher than for one resulttng from èrmr, fraud may involve misststsmv&nt resUn9 from fraud i- Ilusion. forgery. intenkn.onal omissions, misrepresentst¥)ns. or Ihe ov*rrid6 of intèmal control. Obtain an understandlng of iniytn¢il rJ)ntn)I rBlevant to the audlt In orderto dcsign audit proc8duros thot are appropriate in th# rJreAimst2ncès. bul not for Ihe purposes of expressing an oplnlon on th effV15ts of Ihe GharfW& knternal conlrol. Evaluate thè appropriateness of accounting pleS used arKI the reasonableness of accounting eslimates and related disdosures mada by the trustees.
The Society of Catholic Medical Missionaries Independent Auditor's Report to the Trustees of The Society of Catholic Medical Missionaries (Continued)
Auditor's responsibilities for the audit of the financial statements (Continued)
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Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charity and charity's trustees as a body, for our audit work, for this report, or for the opinion we have formed.
Moore Kingston Smith LLP Statutory auditor
The Shipping Building The Old Vinyl Factory Blyth Road Hayes, London UB3 1HA
Date: 29/10/2020
Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.
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