2021-12-31-accounts

Trustees		Sr Patricia Mitchell
		Sr Maureen Connor
		Sr Catherine Jones
		SrJessica Gatty
		Sr Catherine Cowley
		SrAnne Thielen
Charity number		233084
Principal	address	20 Kensington Square
		london
		W8 5HH
Auditor		Citroen Wells
		Chartered Accountants
		Devonshire House
		1 Devonshire Street
		London
		W1W 5DR
Bankers		Royal Bank ofScotland pic
		62 - 63Threadneedle	Street
		London
		EC2R 8LA
Solicitors		Russell-Cooke
		2 Putney 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

			Page
Trustees'	report		1-8
Statement	oftrustees'	responsibilities
Independent auditor's		report	10-12
Statement	offinancial	activities	13
Statement	offinancial	position	14
Statement	ofcash flows		15
Notes to the financial		statements	16-28

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
		Notes	f000	6000	f000	f000	6000	6000
Property and
associated income			29		29	13		13
Legacies and
donations			13		13
Sisters' salaries	and
pensions			274		274	268		268
Investment income			792	1	793	744	36	780
Other Income						1,267		1,267
Total income and
endowments			1,108	1	1,109	2,301	36	2,337
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Investment
management costs		4	243		243	101		101
Charitable activities-
Territorial expenses		5	2,125	517	2,642	2,146	299	2,445
Total expenditure			2,368	517	2,885	2,247	299	2,546
Net gains on
investments		10	3,502		3,502	718		718
Net movement	In funds		2,242	(516)	1,726	772	(263)	509
Fund balances	at 1 January
2021			55,006	6,692	61,698	54,234	6,955	61,189
Fund balances	at 31
December 2021			57,248	6,176	63,424	55,006	6,692	61,698

						2021			2020
				Notes		f000	8000		f000	8000
Fixed assets
Property, plant and		equipment		1.1			9,933			10,002
Investments				12			47,682			44,910
							57,615			54,g12
Current assets
Trade and other receivables				13		47			147
Cash at bank and	In hand				6,283				6,848
					6,330				6,995
Current liabilities				14		(343)			(164)
Net current assets							5,987			6,831
Total assets less	current liabilities						63,602			61,743
Non-current liabilities				15			(178)			(45)
Net assets							63,424	'		61,698
income funds
Restricted funds				16			6,176			6,692
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Designated funds				18	29,127				30,293
General unrestricted		funds			28,121				24,713
							57,248			55,006
							63,424			61,698
The financial statements			were approved	by the Trustees on	................+$.,
,8 rP~d. C				A
Sr Patrioia Mitchell				Sr Maureen		Connor
Trustee				Trustee

				2021		2020
			Notes	f000	f000	f000	8000
Cash flows from operating		activities
Cash absorbed by operations					(2,088)		(1,293)
Investing	activities
Purchase	of property, plant	and equipment				(32)
Proceeds	on disposal of property, plant
and equipment						17
Purchase	of investments			(2,210)		(15,596)
Proceeds	on disposal of investments			2,940		15,135
Investment	income received			793		780
Net cash	generated from	Investing
activities					1,523		304
Net decrease In cash and		cash equivalents			(565)		(989)
Cash and	cash equivalents	at beginning	ofyear		6,848		7,837
Cash and	cash equivalents	at end of	year		6,283		6,848

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
			f000	f000	f000	OOOO	f000	f000
Income from		listed
investments			790		790	696		696
Interest receivable			2	1	3	48	36	84
			792	1	793	744	36	780
Otherfncome
							2021	2020
							6000	f000
Income due		on disposal	of property					4
Loan interest								1,263
								1,267
Investment		management	costs
							2021	2020
							f000	f000
Investment		management					243	101

			2021	2020
			6000	6000
Staff costs			803	827
Depreciation	and impairment		70	70
Territory and	communities	expenses	1,093	1,106
			1,966	2,003
Grant funding	ofactivities	(see note 6)	676	442
			2,642	2,445
Analysis by	fund
Unrestricted	funds		2,125	2,146
Restricted funds			517	299
			2,642	2,445

					2021	2020
					6000	EOOO
Grants to institutions;
Kids Kabin in Newcastle					15	15
Duchess ofLeeds		Assumption		Fund	15	15
Mother House					29	32
Refugee support					36	40
Other					64	41
					159	143
Pallion Action Group					15
Formatio						50
St Mary's Modern	Slavery					22
St Mary's Aquinas		Centre			48
St Mary's Bakhita	Centre				121
Ecological Conversion			Group		10	19
Celebrate					38
Pax Christi					60
Chailey Heritage	Foundation					29
Castlerigg					86
Catholic Education		Service			100
Kenelm Youth Trust						20
Citywise						60
Rise Theatre						20
Catholic Children's		Society			55	20
Diocese of Hexham						50
Other					(16)	9
					517	299
					676	442

8	Auditor's remuneration	Auditor's remuneration	Auditor's remuneration
	The analysis	ofauditor's		remuneration		is as	follows:
									2021	2020
									8000	f000
	Fees payable	to the	auditor for the audit ofthe annual					accounts	25	25
9	Employees
	The average	monthly	number		ofemployees		during the	year was:
									2021	2020
									Number	Number
	Nursing and	administrative		staff					20	20
	Employment	costs							2021	2020
									8000	f000
	Wages and salaries								714	736
	Social security costs								70	71
	Other pension costs								19	20
									803	827

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				f000	8000
Revaluation	of	listed	investments	3,502	718

11	Property, plant and equipment	Property, plant and equipment
			Freehold Land	Leasehold	Fixtures, Motor vehicles		Total
			and bugdlngs	Land and	fittings &
				buildings	equipment
			f000	f000	f000	f000	f000
	Cost
	At 1 January 2021		9,258	1,086	317	72	10,733
	At 31 December 2021		9,258	1,086	317	72	10,733
	Depreciation and impairment
	At 1 January 2021			432	252	47	731
	Depreciation charged	in the year		54	6	9	69
	At 31 December 2021			486	258	56	800
	Carrying amount
	At 31 December 2021		9,258	600	59	16	9,933
	At 31 December 2020		9,258	654	65	25	10,002

Fixed asset investme	nts
				Total
				investments
				f000
Cost or valuation
At 1 January 2021				44,910
Additions				2,210
Valuation changes				3,502
Disposals				(2,940)
At 31 December 2021				47,682
Carrying amount
At 31 December 2021				47,682
At 31 December 2020				44,910
Investments included	above;		2021	2020
			f000	f000
Listed investments carrying		amount	39,354	35,624
Investment properties			114	114
Cash held within Investment		portfolio	8,214	9,172

13	Trade and other receivables
			2021	2020
	Amounts falling due within one	year:	f000	f000
	Other receivables		9	20
	Prepayments and accrued income		38	84
			47	104
			2021	2020
	Amounts falling due after more	than one year:	8000	f000
	Other receivables			43
	Total debtors		47	147
14	Current liabilities
			2021	2020
			6000	FOOO
	Grants payable by the Assumption	Legacy Fund	157	106
	Other payables		34	3
	Accruals		152	55
			343	164
15	Non-current liabilities
			2021	2020
			6000	f000
	Grants payable by the Assumption	Legacy Fund	178	45

		Movement	in funds		Movement	In funds
	Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
	1 Januanr2020	resources	expended1	January 2021	resources	expended	31 December
							2021
	f000	f000	FOOD	f000	f000	f000	f000
Assumption
Legacy Fund	6,955	36	(299)	6,692	1	(517)	6,176

Analysis		of net assets	between funds
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
			f000	f000	f000	f000	f000	f000
Fund balances at 31
December		2021 are
represented		by;
Property,	plant and
equipment			9,933		9,933	10,002		10,002
Investments			47,682		47,682	44,910		44,910
Current assets/
(liabilities)			(189)	6,176	5,987	139	6,692	6,831
I ong term		liabilities	(178)		(178)	(45)	-	(45)
			57,248	6,176	63,424	55,006	6,692	61,698

					Movement	In funds
			Balance at		Incoming	Utlllsed	Balance at		Utlllsed	Balance at
			1 January	2020	resources	1	January	2021		31 December
										2021
				8000	FOOD	8000		8000	f000	8000
Property	improvement	and
maintenance				2,743		(14)	2,729			2,729
Functional	fixed assets			9,345	32	(30)		9,347	(14)	9,333
Youth work				376		(66)		310	(102)	208
Retirement			18,855			(948)	17,907		(1,050)	16,857
			31,319		32	(1,058)	30,293		(1,166)	29,127

	2021	2020
	f000	6000
Within one year	140	140
Between two and five years	560	560
In over five years	822	962
	1,522	1,662

21	Cash generated from operations	Cash generated from operations				2021	2020
						f000	f000
	Surplus for the year					1,726	509
	Adjustments for.
	Investment income	recognised in statement		offinancial	activities	(793)	(780)
	Gain on disposal of	property, plant and equipment					(4)
	Fair value gains and	losses on investments				(3,502)	(718)
	Depreciation and impairment of property,		plant and equipment			70	70
	Movements in working capital:
	Decrease/(increase)	in trade and other receivables				100	(104)
	Increase/(decrease)	in trade and other payables				311	(266)
	Cash absorbed by	operations				(2,088)	(1,293)