The Society of Catholic Medical Missionaries Annual Report and Financial Statements For the year ended 31 De￿mber 2019 Ch8rty R￿l$tIatkn No.. 232742 Th• Socloty of Cathollc M8dlcal Missionari•s Annual Roport ofthe TTUStees For the year gnded 31* D￿eMb￿r 2019 L8gal and Admlnlstratlve Detalls Full nam• The Society of Catholic Medical Missionaries (Commonly known as the Medical IAissicin .￿l￿Ar￿lIK) Re915tration Number 232742 Medlcal Mlsslon Sisters UK Trustaes as of 31Xt Dècember 2019 Chair of Trusteèslcommunications TrusteglTr￿surer 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¢mOTrMi￿S 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 misgic*nsry 8iStorE in the Catholic Chureh, founded in 1925. The International Headquarters (General*el 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 Med￿1 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 Confe￿nCe 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 Pro￿nClaI 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 niiiiuiiiT2I￿lIl>. Pa￿e1PatIon 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$irwJ the int8rconftectb)n of these Issues with respeLI to health and well-being. Achievem&nts and Perforniance Care of the gldErl 5iSterts The averaoe age ot the sislers In MMb-UK ts 18 ￿ a me(Jian age of 82 years. Wlth age 50Tne of tli¢ biblttib are bé¢x)ming frailor requiring more r9sourcas and time fortheir tsrè. Sist8TS who are ablè assist 8lderfy sistèrs with shoppÉng and laundry and regulady visit those in 3h¢ltered housing and r8sidèntial care. Mobility 8i¢Js ara proviaea for sisters who neoa them. Al Ihe end of 2019 elght biblEib l¥bid¥iJ iii >li¥lltri¥d IBousiiig run by Pathways Charity or similar organization. In 2019 four sisters were in Tesidentr"al care homes supportea Dy tne edical Mission Sisters. In 2019 two 8ldèrty sisters died. Public ni ions 20 parishes in England Wales were Visi￿ by sisters tor Mtssion Appeals. Funds raise(f wgre donated to the Society Gener8late for wod¢*wide mission. Two Newsletters were published in 2019 wtth copies dislribulgd to donors and to parish1o￿r$ 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 accOUnta￿lI1Y. 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 upd*ing 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 be￿Ltse we no I￿ger 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. pxriqh￿8 (>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 CorreSpor￿ence 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 N*ional He2￿h 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 aleen followcd ￿ubl0￿11o 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 aC￿racY 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 o*h9r 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 un￿StrICted 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 Illvestff￿nts 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 aL*vili¥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 ot￿r 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$$0$ duriTrJ tJ¥J par￿ oth8rlhan thÉ forlhe y8ar shwi above. All the at￿Ve Testh deriv8 from continuirty aebvilMs. The a¢(a)mp8nWr¥J nclos ftym an u)bJral part c4 these wju 10 The Society of Catholic Medical Missionaries Balance at 31st December 2019 2019 2019 2018 2018 Fixod a$$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 finan￿al 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 prin￿PaI accountin9 policigs adt)pW. jhidgAmAnt* 2nd kay SoUr￿S 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 Repo￿n9 by Chariliog Pfg.parirtg thèlr acC￿Unts 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 b￿n 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 ACCOUn￿n￿ an(J HerA)rb"ng by cnarrfiés.. Statement of rJnition of certain tangible fixed assets. and flnancial assets and liabilllies measured at fair value. 1.2 Going concem These finsn¢ial statements arè propared on th# ooing mncern basls. Th8 twsta8s have as$8ssed the charftys abilily Iv wiitiiiue as a goli)g and have Gonsidered possible events or conditions that might rASt significant doubt on the ability of the charitable eompanylo conlinue as a going ¢oncem. As part of thls. the trustse$ have considgred the impact of th8 Covid-19 pandemic. which has fesult8d in a fall in donations bul overall has not been financially signrficant. The assessm8nl is for 8 pertcxj of at least one year from the dotc of thc approwal of the80 financial stal•ments and hoV@ condiidg.d thAt thkrp. Arg. nn material uncenaints.es about the Gharltys ablllty lo ￿￿tillu￿. 1.3 Incomo All income is recognised there is enlrflemenl lo the funds. the receipt is probabl8 an*Y the am(Junl cari be measured reliabty. Incomc is presented inclusrig of any related tax crod Legacy income is recognised al the date of entiuement, whkh is deamèd lo be the earlier of Ihe charity receNing nolrfication of an Impendlng distributsvii, ui Ifle legacy ￿Ing recefved. 12 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 rApTA￿ntE 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 capital1￿cd 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 rel￿11￿￿￿}￿l Ltilli￿Oi1on 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 In￿trUMents. 1.9 Invo•tment g¥Én• and 10$8es All y¢llllS dritj tiiE Idken lu the Stdle[Ti￿lL uf Finantitil AL-￿vi￿￿￿ ti¥ III¥y élli&e. 1.10 Ca$h and ¢a$h oquivalonts Cash and cash eqtjivalenls indude cash in hand. deposits held al call wlh bank. and other short-lerm liquid investments wilh original meturiiie3 of three rnontha or lè>s. 13 The Society of Catholic Medical Missionaries Notes to the Financial Statements For the year ende(J 31 December 2019 {Continued) Acrountlng PgliGies {¢ontillUod) 1.11 Flnanciol in¥trumcnts FinancAal instruments 8r& recjwnlsed In th8 charivs b818rh(x shevi th¥ri Lhe (a)arity b0￿Me5 party to the contractual provi%on3 Of￿ in3trument. Bd¥iL fit￿}G[al ass&ts arvj liabiloies snitially recognis•d at Iran3aGbon valuè and subseouently measured at amorb.sed cost, using the ettectsve Interest Ta￿ method. Olli¢r fiiiaiioal assets. InGluding investments in ¢quity instruments which ar$ not 8ub8idi8ries, assori*85 orjoint vènbjres, arè inityally measured at fair v8luè, vthich Is norn￿1ty 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$8 ofthe ¢h8rity. Dèsignatsa- mese are ￿n(J5 aiiwate(I by1hg Trustees arKI approveu by ili¥ G¥ii¥i¥l Ass8mbly lor parb'cuiar purposes. Cu5todlal- these are desgn4ted funds admink8tsr8d by District EnglarKI on behaff of Districts overseas. Resirtcted- these are funds Ihat arv oiity lu u¥wJ fur a bVVLifiL VUIVU¥Y. 1.13 EJt¢mpl•ns quallfylng enlltles The charty has iaken auvantage of the exemption from the require11￿[lIb vl Mudult* 14. Slalement of cash flows to prepare a ststement of cash flows, under the Charib"es SORP 2019. 1_14 Crltleal ac¢ountlng 8stlrnat&s and areas of judgèment In the view of the trust¢C* in opp￿"n9 thc accounting polic4es adopted, no judgEmèntÈ wor8 rèquired that have a s￿nifiCa[￿t eff8Ct on thè amounts f•cognised in the financial stat8mÈnts nor do any e5t"rnate3 or gssumptions made cary a sv3nificant ri8k of material adjustment in the next financial year. Resld*ntlal Gare Fund General Custodlal Fund Fund Restricted Total Fund 2019 Total 2018 Donations L9gaue$ 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 emplo￿S 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 ￿1mb￿r8ed 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*m￿r 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 In￿strn￿rt3 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 Instru￿en 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 R￿OurceS GalTrs and Lossès T¥ansfèrs Carrled For*ard 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 Ras*dential 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 r￿r￿1 fnr Si*lgr% whpn not fijlly fund8d by H8alth Authorities. A transfer from ge￿ra1 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 i*iKJ 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￿.￿Pt￿A A￿￿lIn￿￿O 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 V￿1h 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 $tand8rds a￿ further described in the Audibls ResFKbnsibilibes for the audst of the financial statements section of our report. We are indepondent of trse charity in accordance wlth the @thlcal r8qulr8mÈnts that ar& relèvant to our audit of tha finanual statem8nts In the UK. Induding the FRC'S Ethtcal 4Jtand8rd, and )ve have fulfilled our other ethical re3ponslbiliti88 in a￿rdance with these requirements. We believe Ihal the audrt evidence we have obtsined Is sulfioent and aPPTOPriato to providg a basis for our opinion. Conclustons rolatin9 10 going concern We have nothing lo report in respecl of Ihe followng matters in relatton to which the SSAS IUKI requlre us to rèport to you whére: the trust8es' usa of th8 going concgm ba$is of a￿nting in th8 pr8paratKJn of the financ￿1 ststements is not appropriate. OT ili¥ Iiubivvs hdvv Tiul Lli>L4ub¥tJ iii ili¥ fiiiclJiUrm8tion i￿luded in Ihg annval report. other than the financial statements and our auditors report thereon. The trustses are responsible forthe other inlonybation. Our opinion on the financial stalaments does not coverthe other infornialion and, except lo tho extent oth8rwso 8wliutly stat8d in iewjti we do nol gxprgss any forn) of a8suran(8 Cr)r￿1￿$S0￿ Ihvi80n. In conneGtion wth our audit of the firkincial statefflents, our responsibility is to read the other informalion and, in doing so, considef whether the other infoffnats.on is malenally Inconsis￿nI with the finan￿al statèmènts or knovA•dg& obtain•d in thè #udtt or otherwise appears to be materialty misststed. IFwè Identfy such materlal inconslstencles or apparent makrial misststements. w¢ are required to detefmin whpthpr thprp iq 2 malg.ri21 mi.IqlAtgmpnt in Ihp fin2nriAI *tAlp.mp.nl.q nr A mAtp.rial mi¢¢lAtpmp.nl nf Ihp. nth Isifviiiiiiitoil. Ir, basvd 011 ilie 4vork IirlV¥ y¥rIuiii)￿Ll, wiiblud¥ ilial il)tsr¥ ib ¢1 fii