|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|