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|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|||
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||||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|
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||||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|
|EzuttittIIIttrttJtK|||||||||
|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|
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|||||||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|
|Votaatfictadtuttda|||||||||||
|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|||||||
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|||||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|
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||||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|
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||||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|
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||||||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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||||||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|
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||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|
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|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)|