2021-03-31-accounts - Charity For Roman Catholic Purposes Administered In Connection With The Congregation Of The Franciscan Missionary Sisters (Littlehampton)

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Reference	and Arhninis trative Information	and Arhninis trative Information
Charity Registration		Number:	232931
Address			The Gcnerslatc
			St;Jos«ph's Convent
			East Street
			Littlehampmn
			'irect Susces
			BN176AU
Reverend	Mother General (Trustee)		Sister E.hiotibs
General Council (Trustees)			Sister A. hlcLsughlin
			Sister S.Rudkm
			Sister B.Bowers	(appointed	28th	January 2021)
			Sister J Atden Close
			Sistet Promodini	Ekl s(appointed		5th July 2021)
Provincial	Bursar		Sister A. McLaughlin
Auditors			Hudson &Co
			RViston House
			1 Vyi«ton Avenue
			AVortbing
			BN14 7CIL
Solicitor			ihfessrs. Blount Patte Kramer
			29 kVe)mouth Street
			London
			'iV1N 4OL
Bankers			Lloyds Bank pic
			1 Beach Road
			Littlehsmpton
			kVest Susser
			BN17 5HY
Financial Advisors			hioore Kingston	Smith Financial		Advisers ltd
			105StPeters Strem
			StAlhans
			Heres.
			AL1 3EJ
Investment	Asset Sian	sgers	Oui!ter Cheviot
			One IChtgsu0
			London
			XVC2B 6AN

					Unrcstrictcd	Unrestricted	Unrestricted
					Fun dc	Funds
				Note	2021	2020
Income
Vol&mta&3 &crerne:
1)onanons md legacies					17,486		11,020
Activi&ics in furtherance	of the
charity's objects:
Feec and chargcc for residential			and care cervicec		1,485,894	1,583,534
Sistrrs' salaries and pencinnc					119,(&69		144,269
Onvcrnmcnt Cnvid-19	rants				119,838		0
Invest&r&cr&tin»unc					148,593		144,309
Sundcl. u&come					18,068		75,870
Progt nn disposal ofhlntnr vchidc					2,691		1,500
Total Income					1,932,239	1	960,502
Expenditure
Rsiri&g Ft&nd&
Invesrment management	fees				51,358		54,223
Cbcrirsbk npmdi rcn
( oats ofted&cries in furtherance			ofthe Trust's objects:
Cost ofprovid&ng residenual		and care sen ices			1,809,951	1,694,992
hiissionary v&os and charitable			donations:		12,819		21,497
Upkeep of Congreganon							196,220
Total Expenditure					2,058385	1,966932
Net Income/(Expenditure)		befote gains/ftosses)		on investments	-126,146		-6,430
Net gains on investment	assets				2,111,492		-519,496
Net (expenditure)/income					1,985,346		-525,926
Fund balance bn&ught fnrucud
Fund balance carried fora&ard

					2021		2021	2020	2020
Fixed Assets
Tangible assets						3,122,028			3,167,002
lnvcstmcnrs						7,959,685			5,734279
						11,081,'?13			8,901,281
Cuttent Assets
Debtors					50,786			103,717
Cath at bank	and in	band			171,970			285,427
					222,756			389,144
Creditors: Amounts		falling due
within one year
Accruais								9'?058
Net Current	Assets						97000		9
Total Assets	less Current Liabilities					I I	I.II713
Untescrfcted	Funds	and		Resenet
Propetv? and	Squipm«nt			fund		3,122,028			3,167,002
Medical and Retirement			pr'ovision			4,000,000			4,000,000
Formations fund							4nn,non		4iN, i7170
Accumulated	fund
						ll	.0..13		919,3

					2021	2021	2020	2020
Cashilows from Oper~ting	ActiviYies
Net cash provided by/(used	ui)	Operating	Activities			(77,917)		82,239
Cahflows from Investh)g Accivities
Interest received					148,593		144,309
Purchase uf tangible lixed assets					(72,910)		(47,594)
Disposal offixed as)et)					2,f)91		1,500
Disposal ofinvestments					2,49 7,898		1,418,809
Purclnsc ofinvestments
Net Cash protdded by/(used		in) Investing		Activities				205,669
Net Cash proidded/(used)	in	the year
Increase/(Decrease) in Cash		and Cash	Equivalents			as).		)0	'

F	or t	h	e year	ended 31	stMarch	2021 (Conti	nued)
				Staff		Other costs
Analysis ofTotal	Resources - 2021			80 agency		including	Total	Total
				Costs	Depreciation	Support costs	2021	2020
				E
Cost ofgenerating	funds					51,358	51,358	54,223
AcrivGties in furtherance		oF	objects	1,126,750		762,393		1,912,709
				1,126750	117,884	813,751	2,058,385	1966932
				Staff		Other costs
Analysis ofTotal	Resources - 2020			& agency		including	Total
				Costs	Depreciation	Support costs	2019
Cost oFgenerarin	Funds					54,223	54,223
Activities in Furd5ern5ce		of	objects	1,038498 1 038498	104,597		1,912709 '9 h,
Govertlallce costs	induded		in support	cnn			2021	2020
Audit Fre								5000
Staff costs include	d2e follovdng:
Wages and salaries							1059839	9 5 35'7
Sucial sccunty costs Pension costs							52,801 «»0	50,921 12,220
							1,126,'750	1,038,498
Avcragc number ofpersons			cmpluycd	during rhc year	was			74

Tangible Fixed Assets		Furniture,
	Land and	Fitrings and	Motor
	Buildings	Equipment	Vehicle	Total
Cost ot Valuation
At 1st April 2020	3,993,838	1,144,699	255,347	5,393,878
Atldiriont n c47st/vafuarion	3,249	69,f5f3i		72,910
Disposals			10,385
At 31sthfarch 2021		» 43	956	"6
Depreciation
At 1sr. April 2020 1:barge Fnr thc y«at Disposals	1,052,061 66,760	947,681 42,93'7	227,134 8,187 ~010	2,226,87G 117,884 ~0
At 31sthlarch 2021		9 0	2 93
Net BookValue At 31st hfarch 2021	070, 6	2, —	000	3»,08
At 31st h'larch 2020		l97tl 0	Sl-0	3 6700-

4	Fixed Asset Invesunents																	2021	2020
	Ivlarl;et value Listed invesanents
	At 1stAptg																	5,245,985	5,872,735
	Additions																	2,821,167	1,311,555
	Disposals proceeds																	(2,497,898)	(1,418,809)
	Net gains/gasses)
																		7,680,74G	5,245 985
	Cash at Brokers																	278,939	488,294
	At 31sthatch 2021																	r H.
	Analycis oflisted investments
	LIh.																	3,500,747	2306494
	Overseas																	4 17948a	2,929,491
																		,680,746	5,245 985
	Hisniric Cost
	All investments are held primtuily				ta proidde				an investment			renun far the		charitl.
5	Debtors																	2021	2020
	Trade debtors																	20.178	77„197
	Prepayments and accrued	income																	26„fi201
6	Creditors																	2021	2020
	Othet creditors and acctuals
7	Untesnicted Funds and	Reserves						Property		and		Medical and
								Equipment				Redrement		Fonnarions			Accumulated		Tatel
									Fund				Fund		Funds			Fmid	Funds
																			6
	Balance at 1stApn) 2020								3,167,002				4,000,000		400,000			1,626,365	9,1'i3,36'7
	Net incoming resatucestb	uansfers																2,030,320	I 985,346
	Balance at 31stMarch 2021								3,i 22,028				4,000,000		400,000			3,G56,GS5	11,17S,713
	The property and equipment			Fuivl			Is a sum		apportioned			at th« ihsctetion			of	die trustees		to reflect the	amount of the
	chmqac monei tied up in	fixed		eaters and sri					not freely spendable
	The medical aad retirement		care			Fund		is a	sum	apportioned			at the discretion			oF the	trustees For the medtcal cire and
	rctircmcnr. care ofmcmbcrs of			thc		Cun		rcgaaun. This was				utiliscd rhrtiughout			rhc lear		and	thc balance topped ta thc kvcl
	expected to be requrred	For	rhc		Futme			care	of the Ststers				in then old	age. h		will be conaoue to be ualised over rhe
	remaining liver rif thc cldcrli		sisters				u hen nccdcd.
	The Furmauan fund is a	sum		aside			at	the discrerion			of the		trustees to provide			funds	for	farmadan bath	in the UI» and
	diroughout thc world, particulatly						India. Thc Fund				is also		apportioned	at	thc	discretion		of thc trustees	to support thc
	activiries ofour Sitters md the			needs ofrhe people						in	india.

8	Reconciliation ofNet Income/(Expenditure	Reconciliation ofNet Income/(Expenditure	to				2020
	net Cash Insow/(Outflow)	fro&n Operating	Activities
	14etincume/ (expenditure) before gains Interest receivable					(126,146) {148,593)	(6,430) (144,3{19)
	Dcprcciation					115,193	103,09?
	8ncrease)/Decrease in debtors					52,931	133,157
	lncrcasc/(Dccrcasc) in creditors					28,698
9	Analysis ofChanges in Cash and Cash Equivalents			during	the Year	2021	2020
	Balance ar 1stAptd 2020					773,721	486,013
	Nct cash intluxv/(outtlow)
	Balance at 31sthfwch 2021					ar	7t»
	Summary ofCash and Cash	Equivalents
	rash at bank					171,970	285,427
	Cash ac brokers					278,939	488,294