## |Trustees|Sr Patricia Mitchell| |---|---| ||Sr Maureen Connor| ||Sr Catherine Jones| ||Sr Jessica Gatty| ||Sr Marie-Sophie d'Oultremont| ||Sr Catherine Cowley| ||Sr AnneThielen| |Charity number|233084| |Principal address|20 Kensington Square| ||London| ||W8 5HH| |Auditor|Citroen Wells| ||Chartered Accountants| ||Devonshire House| ||1Devonshire Street| ||London| ||W1W5DR| |Bankers|Royal Bank of Scotland pic| ||62 - 63 Threadneedle Street| ||London| ||EC2R 8LA| |Solicitors|Russell-Cooke| ||2Putney Hill| ||London| ||SW15 6AB| |Investment advisors|Quilter Cheviot Ltd| ||Senator House| ||85 Queen Victoria Street| ||London| ||EC4V 4AB| ||Epworth Investment Management Ltd| ||9 Bonhill Street| ||London| ||EC2A4PE| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||funds|funds|2020|2019| ||Notes|000|000|000|000| |Income from:|||||| |Property and associated income||13|_|13|14| |Legacies and donations||9|-|9|618| |Sisters' salaries and pensions||268|-|268|251| |Investments|2|744|36|780|861| |Other income|3|1,267|-|1,267|-| |Total income||2,301|36|2,337|1,744| |Expenditure on:|||||| |Investment management costs|4|101||101|88| |Charitable activities - Provincial expenses|5|2,146|299|2,445|2,491| |Total expenditure||2,247|299|2,546|2,579| |Net gains on investments|10|718|-|718|4,139| |Net movement in funds||772|(263)|509|3,304| |Fund balances at 1 January 2020||54,234|6,955|61,189|57,885| |Fund balances at 31 December 2020||55,006|6,692|61,698|61,189| ## ## |||2020||2019|| |---|---|---|---|---|---| ||otes|000|000|000|000| |Fixed assets|||||| |Property, plant and equipment|11||10,002||10,053| |Investments|12||44,910||43,731| ||||54,912||53,784| |Current assets|||||| |Trade and other receivables|14|147||43|| |Cash at bank and in hand||6,848||7,837|| |||6,995||7,880|| |Current liabilities|15|(164)||(381)|| |Net current assets|||6,831||7,499| |Total assets less current liabilities|||61,743||61,283| |Non-current liabilities|16||(45)||(94)| |Net assets|||61,698||61,189| |Income funds|||||| |Restricted funds|17||6,692||6,955| |Unrestricted funds|||||| |Designated funds|19|30,293||31,319|| |General unrestricted funds||24,713||22,915|| ||||55,006||54,234| ||||61,698||61,189| ## ## ## |||20202019|20202019| |---|---|---|---| ||Notes000000000000||| |Cash flows from operating activities|||| |Cash (absorbed by)/generated from22|||| |operations(1,293)8,748|||| |Investing activities|||| |Purchase of property, plant and equipment|(32)||(2,265)| |Proceeds on disposal of property,plant|||| |and equipment|17||-| |Purchase of investments|(15,596)||(15,519)| |Proceeds on disposal of investments|15,135||15,315| |Investment income received|780||861| |Net cash generated from/fused in)|||| |investing activities||304|(1,608| |Net (decrease)/increase in cash and cash|||| |equivalents||(989)|7,140| |Cash and cash equivalents at beginning of year||7,837|697| |Cash and cash equivalents at end of year||6,848|7,837| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||fundsfunds||2020|2019| |||000|000|000|000| ||Income from listed investments|696||696|802| ||Interest receivable|48|36|84|59| |||744|36|780|861| ||For the year ended 31December 2019|848|13||861| |3|Other income||||| |||||2020|2019| |||||000|000| ||Income due on disposal of property|||4|| ||Loan interest|||1,263|-| |||||1,267|-| |4|Investment management costs||||| |||||2020|2019| |||||000|000| ||Investment management|||101|88| |5|Charitable activities - Provincial expenses||||| |||||2020|2019| |||||000|000| ||Staff costs|||827|771| ||Depreciation and impairment|||70|63| ||Province and communities expenses|||1,106|1,208| |||||2,003|2,042| ||Grant funding of activities (see note 6)|||442|449| |||||2,445|2,491| ||2020|2019| |---|---|---| ||000|000| |From unrestricted funds:||| |Grants to institutions:||| |Kids Kabin in Newcastle|15|15| |Duchess of Leeds Assumption Fund|15|15| |Mother House|32|27| |Refugee support|40|40| |Catholic Trust for England and Wales|.|30| |Other|41|38| ||143|165| |From the Assumption Legacy Fund:||| |First Star Academy||150| |Formatio|50|-| |St Mary's Modern Slavery|22|-| |Sycamore|-|20| |Ecological Conversation Group|19|20| |Chailey Heritage Foundation|29|29| |Hull Catholic Chaplaincy|-|30| |Mary Mother of God Parish in Bradford|-|66| |Kenelm Youth Trust|20|-| |Citywise|60|-| |Rise Theatre|20|-| |Catholic Children's Society|20|-| |Diocese of Hexham|50|-| |Other|9|(31| ||299|284| ||442|449| ## ## |8|Auditor's remuneration||| |---|---|---|---| ||The analysis of auditor's remuneration is as follows:||| |||2020|2019| |||000|000| ||Fees payable to the auditor for the audit of the annual accounts|25|25| |9|Employees||| ||Number of employees||| ||The average monthly number of employees during the year was:||| |||2020|2019| |||Number|Number| ||Nursing and administrative staff|20|20| ||Employment costs|2020|2019| |||000|000| ||Wages and salaries|736|690| ||Social security costs|71|64| ||Other pension costs|20|17| |||827|771| ||There were no employees whose annual remuneration was 60,000 or more.||| |10|Net gains on investments||| ||2020|2019| |---|---|---| ||000|000| |Revaluation of investments|718|3,933| |Gain on sale of investment properties|-|206| ||718|4,139| |Property, plant and equipment|||||| |---|---|---|---|---|---| ||Freehold Land|Leasehold|Fixtures,|Motor vehicles|Total| ||and buildings|Land and|fittings &||| |||buildings|equipment||| ||000|000|000|000|000| |Cost|||||| |At 1 January 2020|9,268|1,086|317|63|10,734| |Additions|-|-||32|32| |Disposals|(10)|-|-|(23)|(33)| |At 31 December 2020|9,258|1,086|317|72|10,733| |Depreciation and impairment|||||| |At 1 January 2020||378|244|59|681| |Depreciation charged in the year|-|54|8|8|70| |Eliminated in respect of disposals|-|-|-|(20)|(20)| |At 31 December 2020|-|432|252|47|731| |Carrying amount|||||| |At 31 December 2020|9,258|654|65|25|10,002| |At 31 December 2019|9,268|708|73|4|10,053| |All these assets are deployed for Religious and Charitable work.|||||| |Fixed asset investments|| |---|---| ||Total| ||investments| ||000| |Cost or valuation|| |At 1 January 2020|43,731| |Additions|15,596| |Valuation changes|718| |Disposals|(15,135)| |At 31 December 2020|44,910| |Carrying amount|| |At 31 December 2020|44,910| |At 31 December 2019|43,731| ## |12 Fixed asset investments||(Continued)| |---|---|---| |Investments included above:|2020|2019| ||000|000| |Listed investments carrying amount|35,624|34,941| |Investment properties|114|114| |Cash held within investment portfolio|9,172|8,676| |13Financial instruments|2020|2019| ||000|000| |Carrying amount of financial assets||| |Instruments measured at fair value through statement of financial activities|35,738|35,055| |14Trade and other receivables||| ||2020|2019| |Amounts falling due within one year:|000|000| |Other receivables|21|| |Prepayments and accrued income|83|43| ||104|43| ||2020|2019| |Amounts falling due after more than one year:|000|000| |Other receivables|43|-| |Total debtors|147|43| |15 Current liabilities||| ||2020|2019| ||000|000| |Grants payable|109|242| |Accruals and deferred income|55|139| ||164|381| |16 Non-current liabilities||| ||2020|2019| ||000|000| |Grants payable|45|94| ## ||The income funds of the charity include|The income funds of the charity include|restricted funds comprising the following|restricted funds comprising the following|restricted funds comprising the following|restricted funds comprising the following|unexpended balances of|unexpended balances of| |---|---|---|---|---|---|---|---|---| ||donations and grants held on trust for specific purposes:|||||||| |||||||Movement|in funds|| |||||Balance at||Incoming|Resources|Balance at| |||||1 January 2020||resources|expended 31 December|| |||||||||2020| |||||000||000|000|000| ||Assumption Legacy Fund|||6,955||36|(299)|6,692| ||The restricted fund is in relation to a linked charity established in 2018.|||||||| |18|Analysis of net assets between funds|||||||| |||Unrestricted|Restricted|Total|Unrestricted||Restricted|Total| |||funds|funds|||funds|funds|| |||2020|2020|2020||2019|2019|2019| |||000|000|000||000|000|000| ||Fund balances at 31|||||||| ||December 2020 are|||||||| ||represented by:|||||||| ||Property,plant and|||||||| ||equipment|10,002|-|10,002||10,053|-|10,053| ||Investments|44,910|-|44,910||43,731|-|43,731| ||Current assets/|||||||| ||(liabilities)|139|6,692|6,831||544|6,955|7,499| ||Long term liabilities|(45)|-|(45)||(94)|-|(94)| |||55,006|6,692|61,698||54,234|6,955|61,189| ## |||Movement in|funds|| |---|---|---|---|---| ||Balance at|Incoming|Utilised|Balance at| ||1 January 2020|resources||31 December| |||||2020| ||000|000|000|000| |Property improvement and maintenance|2,743||(14)|2,729| |Functional fixed assets|9,345|32|(30)|9,347| |Youth work|376|-|(66)|310| |Retirement|18,855|-|(948)|17,907| ||31,319|32|(1,058)|30,293| ## ||2020|2019| |---|---|---| ||000|000| |Within one year|140|140| |Between two and five years|560|560| |In over five years|962|1,102| ||1,662|1,802| ## |22Cash generated from operations20202019|22Cash generated from operations20202019|22Cash generated from operations20202019| |---|---|---| ||000000|| |Surplus for the year5093,304||| |Adjustments for:||| |Investment income recognised in statement of financial activities|(780)|(861)| |Gain on disposal of property, plant and equipment|(4)|-| |Gain on disposal of investment property|-|(206)| |Fair value (gains) and losses on investments|(718)|(3,933)| |Depreciation and impairment of property, plant and equipment|70|63| |Movements in working capital:||| |(lncrease)/decrease in trade and other receivables|(104)|17,516| |(Decrease) in trade and other payables|(266)|(7,135)| |Cash (absorbed by)/generated from operations(1,293)8,748|||