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2020-12-31-accounts

CONTENTS
TRUSTEE, OFFICERS AND PROFESSIONAL ADVISORS . .........I
TRUSTEE'S REPORT .........2
Geographical
location and operation.		 ..... ...... .........2
Governance,
structure
and management.		 .........2
Realising
the Charity's
Objective		 ........ 5
The Mission ofthe Congregation
in South Africa.		 .........8
Strategic Plan for 2020 and Future Plans .......................... ......8
Financial
Review including
Trustee's		 Responsibilities ..... .........9
Reserves Policy. .......10
Investment
Policy		 11
Disclosure of Information
to the Charity's		 Auditors. . .......12
INDEPENDENT AUDITORS' REPORT. .......13
STATEMENT OF FINANCIAL ACTIVITIES .................................... .......16
BALANCE SHEET .......17
STATEMENT OF CASH FLOWS. .. 18
NOTES TO THE FINANCIAL STATEMENTS . .......19

2020 2019
Notes F000 6000
Income from:
Donations
and legacies		 549 553
Charitable
activities		 20 71
Investments 1,317 'I,717
Other 2 2
Total income 1,888 2)343
Expenditure
on:
Raising funds - Investment management costs 108 113
Charitable
activities		 1,846 1,953
Tota I expenditure 1,954 2,066
Net (expenditurei income before
net (losses)i gains
Net (losses)i gains		 on investments
on investments		 11 ( 66)
(369)		 277
6,749
Net (expenditure}i incomel ( 435) 7,026
Other recognised gains and losses
Foreign exchange gaini
(loss) on translation		 15 17 (37)
Movement
in funds		 ( 418) 6,989
Reconciliation
of		 funds
Total funds brought forward 15 61,593 54,604
Total funds carried forward 15 61,175 61,593
2020 2019
Notes f000 f000
Fixed assets
Tangible assets 10 4,327 4,368
Investments 11 56,583 57,024
Total fixed assets 60,910 61,392
Current assets
Debtors 12 131 158
Cash at bank and in hand 17 296 313
427 471
Liabilities
Creditors: amounts falling due within one year 13 (162) (270)
Net current assets 265 201
Total net assets 61,175 61,593
The funds ofthe Charity
Unrestricted
funds:		 15
General funds 265 201
Designated
funds being:
Property and equipment 4,327 4,368
Continuity 56,583 57,024
Total Charity funds 61,175 61,593
Statement ofcash flows 2020 2019
Notes FOOO f000
Net cash (used in) operating
activities		 17 (1,302) (1,257)
Cash flows from investing
activities:
Dividends
and interest received from investments		 1 327 1,744
Proceeds from sale of investments 13,975 2,669
Purchase ofinvestments (12,154) (4,259)
Net investment
flow		 3,148 154
Proceeds from sale of property
and equipment
Purchase of property
and equipment		 10 (131) (354)
Net
cash
generatedl
(absorbed)
by
activities		 investing 3,017 ( 200)
Change
in
cash
and
cash
equivalents
reporting
period
Cash and cash equivalents
at the beginning
reporting
period
Change
in
cash
and
cash
equivalents
exchange
rate movements		 in
of
due		 the
the
to		 1,715
3,039
17		 (1,457)
4,533
( 37)
Cash
and
cash
equivalents
at the
end
reporting
period		 of the 4,771 3,039
Cash and cash equivalents
consist of:
Cash at bank and
in hand
in current assets		 17 296 313
Cash at bank held within
investments		 11 4,475 2,726
4,771 3,039

ographical
analysis of income and expendi		 ture
2020 2019
6000 5000
Income:
UK
Other		 1,854
34		 2,318
25
Total 1,888 2,343
Expenditure:
UK
Other		 1,896
58		 1,991
75
1,954 2,066

alysis ofexpen diture
on charitable
 activities
2020 General
support		 Governance
related		 Total
2020		 Total
2019
6000 EOOO f000 6000
Staff costs total as below 81 13 94 90
Property costs 651 651 706
Other community
costs
Professional
fees and bank charges		 975
24		 975
24		 1,062
39
Statutory
audit fee		 32 32 30
Other charitable projects 70 70 26
1,801 45 1,846 1,953
practicable
as si		 st ers and convents are involved
in all		 areas.
General Governance Total Total
support related 2019 2018
6000 6000 EOOO 6000
Staff costs 77 13 90 85
Property costs 706 706 694
Other community costs 1,062 1,062 1,010
Professional
fees		 and bank charges 39 39 51
Statutory
audit fee		 30 30 34
Other charitable projects 26 26 34
1,910 43 1,953 1,908

affcosts FOR THE YEAR ENDED 31 DECE MBER2020
2020 2019
EOOO EOOO
Wages and saladies
Social security costs		 87
6		 83
6
Pension casts —defined contributions 1 1
94 90

,
was 3(2019:3). However,
they equate		 to 1 (2019 to 1 (2019 :1)full time employee.
8 Net income before other recognised gains and losses
2020 2019
EOOO EOOD
Net income
before other recognised		 gains and losses is stated
after charging the following:
Auditors'
remuneration:
-Statutory
audit
Depreciation		 32
172		 30
163

Tangible fixed assets
2020 Freehold
land
and buildings		 Motor
vehicles		 Total
f000 f000 f000
Cost
At 1 January 2020 6,885 158 7,043
Additions 124 7 131
Disposals (13) ( 13)
At 31 December 2020 7,009 152 7,161
Depreciation
At 1 January 2020 2,533 142 2,675
Charge for the year 166 6 172
Disposals (13) ( 13)
At 31 December 2020 2,699 135 2,834
Net book value
At 1 January 2020 4,352 16 4,368
At 31 December 2020 4,310 17 4,327

In February 2021 a contract was exchanged and completed for sale of for sale of a property for5528,000net ofselling for5528,000net ofselling
costs. The net book value ofthe property at the date ofdisposal was F285,000.
2019 Freehold
land
and buildings		 Motor
vehicles		 Total
f000 EOOO EOOO
Cost
At 1 January 2019 6,553 160 6,713
Additions 332 22 354
Disposals (24) ( 24)
At 31 December 2019 6,885 158 7,043
Depreciation
At 1 January 2019
Charge for the year		 2,378
155		 158
8		 2,536
163
Disposals (24) ( 24)
At 31 December 2019 2,533 142 2,675
Net book value
At 1 January 2019 4,175 4,177
At 31 December 2019 4,352 4,368

11 Investments FOR T HE YEAR ENDED 31 DECEMBER202 0
2020 2019
f000 f000
Carrying
value (being market value) at 1 January 2020		 57,024 50,196
Additions
at cost		 13,903 4,259
Disposal proceeds (13,975) (4,180)
Net investment
(losses)l gains		 (369) 6,749
Carrying
value (being market value) at 31 December 2020		 56,583 57,024
Listed investments:
UK fixed interest 5,610 4,486
UK equity shares 26,604 29,755
Investment
trusts		 783 1,307
Unit trusts 2,527 2,461
Overseas
fixed interest		 1,791 2,439
Overseas
equity shares		 14,793 13,850
Market value at 31 December 2020 52,108 54,298
Cash at bank held within Investments 4,475 2,726
Carrying
value (being market value) at 31 December 2020		 56,583 57,024
Historical cost at end ofyear 38,147 39,174
Cumulative
unrealised
investment		 gain 18,436 17,850
Carrying
value (being market value) at 31 December 2020		 56,583 57,024
12 Debtors
2020 2019
EOOO EOOO
Prepayments
and accrued income		 131 158
13 Creditors
2020 2019
6000 6000
Amounts
falling due within		 one year
Taxation and social security 2 2
Accruals and deferred income 160 268
162 270
14 Capital co mm it ments
2020 2019
EOOD f000
Contracted for but not provided in the accounts Nil 89
15 Statement of changein reserves
Balance Net Foreign Balance
2020 brought
fonvard		 Transfers Income Expenditure investment
losses		 exchange
differences		 carried
forward
EOOO FOOO FOOO f000 EOOO EOOO EOOO
Unrestricted
income funds
General funds 482 1,888 (1,954) (369) 17 265
Designated
funds
Property
and 4,368 (41) 4,327
equipment
Continuity 57,024 ( 441) 56,583
Total
unrestricted
funds		 61,593 1,888 (1,954) ( 369) 17 61,175
2019 Balance
brought		 Transfers Income Expenditure Net
investment		 Foreign
exchange		 Balance
carried
forward gains differences forward
f000 EOOO f000 f000 EOOD f000 FOOO
Unrestricted
income funds
General funds 231 (7,019) 2,343 (2,066) 6,749 ( 37) 201
Designated
funds
Property
and 191 4,368
equipment
Continuity 50,196 6,828 57,024
Total
unrestricted
funds		 2,343 (2,066) 6,749 ( 37) 61,593

2020 General
funds		 Designated
funds		 Total
funds
6000 6000 8000
Fund balances at 31 December 2020 are
represented
by:
Tangible fixed assets 4,327 4,327
Investments 56,583 56,583
Current assets 427 427
Current
liabilities		 ( 162) ( 162)
Total net assets 265 60,910 61,175
Unrealised
gains included		 above
On investment
assets		 18,436 18,436
2019 General
funds		 Designated
funds		 Total
funds
6000 6000 8000
Fund balances at 31December 2019are
represented
by:
Tangible fixed assets 4,368 4,368
Investments 57,024 57,024
Current assets 471 471
Current
liabilities		 ( 270) ( 270)
Total net assets 201 61,392 61,593
Unrealised
gains included		 above
On investment
assets		 17,850 17,850

a) Reconciliation ofnet (expenditure)/ income to net cash outflow from operating to net cash outflow from operating activities
2020 2019
5000 8000
Net (expenditure)/
income for the reporting		 period (435) 7,026
Adjustments:
Loss / (gain) on investments 369 (6,749)
Investment
Depreciation		 income (1,317)
172		 (1,717)
163
Decrease
/		 (increase)/
in debtors		 17 (12)
(Decrease) / increase
in creditors		 (108) 32
Net cash (oufflow) from operating activities (1,302) (1,257)

conciliation
ofne		 t cash flo w to movement
in net f		 unds
2020 2019
6000 6000
Increase/(decrease) in cash in the period 1,715 (1,457)
Movement
in net funds
in the
Foreign exchange
translation
Net funds brought
forward		 period
differences		 1,715
17
3,039		 (1,457)
( 37)
4,533
Net funds carried forward 4,771 3,039
Being:
Cash at bank and		 in hand
in		 current assets 296 313
Cash at bank held within
investments		 4,475 2,726
4,771 3,039
c) Analysis of net funds of net funds
At 1 Foreign At 31
2020 January Cash flow exchange December
2020 differences 2020
6000 FOOO EOOO EOOO
Cash at bank and in hand 3,039 1,715 17 4,771
At 1 Foreign At 31
2019 January Cash flow exchange December
2019 differences 2019
OOOO f000 EOOO f000
Cash at bank and in hand 4,533 (1,457) ( 37) 3,039