## **The Society of Missionaries of Africa**
## **Report and Accounts**
## **31 December 2021**
England and Wales Charity registration number: England and Wales no 233302 Scotland no SC037981
**Borucki & Co 42 Radnor Road Harrow Middlesex HA1 1RZ**
**The Society of Missionaries of Africa (also known as The White Fathers) Report and accounts Contents**
||**Page**|
|---|---|
|**Reports**||
|Legal and administrative information|1|
|Trustees report|2|
|Auditors' report|6|
|**Accounts**||
|Statement of financial activities|8|
|Balance sheet|9|
|Cash flow statement|10|
|Principle accounting policies|11|
|Notes to the accounts|13|
**The Society of Missionaries of Africa (also known as The White Fathers) Legal and administrative information**
|**Trustees**||Rev H Seenan|
|---|---|---|
|||Rev D Starkey|
|||Rev C Wallbank|
|**Sector Treasurer**||Rev D Starkey|
|**Principle address**||64 Little Ealing Lane|
|||London W5 4XF|
|**Charity registration numbers**|England|233302|
||Scotland|SC037981|
|**Auditors**||Borucki & Co|
|||42 Radnor Road|
|||Harrow|
|||Middlesex HA1 1RZ|
|**Investment managers**||Raymond James Investment Services|
|||1 King William Street|
|||London EC4N 7AF|
|**Bankers**||National Westminster Bank plc|
|||Corporate Service Team|
|||PO Box 666|
|||Waterloo Street|
|||Bolton BL1 8FH|
|**Solicitors**||Hunters|
|||9 New Square|
|||Lincoln's Inn|
|||London WC2A 3QN|
1
## **The Society of Missionaries of Africa (also known as The White Fathers) Trustees report**
The Trustees present their report and accounts for the year ended 31 December 2021.
## **INTRODUCTION**
The Society of Missionaries of Africa (The White Fathers) is an international society of Roman Catholic priests, Brothers and lay associates. It was founded by Cardinal Charles Lavigerie in Algeria in 1868 and now has its international headquarters in Rome. The British Sector of the Society, with which these accounts deal, is governed by the Society’s own constitutions and by-laws, and by a principal trust deed dated 2 November 1949. The Trust is a charity registered with the Charity Commission for England and Wales (No. 233302) and with the Office of the Scottish Charity Regulator (No. SC037981). The Charity Commissioners for England and Wales granted a Certificate of Incorporation to the Trustees of the Charity on 03 April 1996. They are called “The Trustees of the Society of Missionaries of Africa (also known as The White Fathers).”
## **PRINCIPAL ACTIVITIES AND AIMS**
The general objectives of the Society are religious and charitable, and specifically the promotion of the religious and human development of the people of Africa. In Britain the Society is concerned with the recruiting of missionaries; promotion of the missionary vocation; missionary promotion among the general public through the magazine, letters, and mission appeals in parishes; promotion of Justice, Peace & the Care of Creation issues as well as Encounter & Dialogue with other religions; the care in retirement and/or sickness of our returned missionaries. The latter has become one of the main activities and aims of the Society in Britain, given that the 33 members have an average age of 76.60 years.
_A PROPHETIC MISSION STATEMENT made at the 28th General Chapter of our Society in Rome from 13 May-13 June 2016 lays out the spirit in which we fulfil our principal activities and aims:_
_"Filled with the joy of the Gospel and guided by the Spirit, we are an intercultural missionary Society with a family spirit. Sent out to the African world and wherever our charism is needed, for a prophetic mission of encounter and witness to the love of God"._
## **ORGANISATION**
For ecclesiastical purposes, the worldwide Society, headquartered in Rome, is divided into Provinces and sub-divided into Sectors. The British Sector is one of nine Sectors in the European Province, with its headquarters in Brussels. For legal purposes, the Society in Great Britain is independent of any outside body of the Society. The Sector chairperson and his Council manage the Society here. He is, de jure and de facto, a Trustee and the chair of the Trustees, and appoints a number of other Trustees: the treasurer and usually one or two other members. Decisions are normally reached by consensus.
## **TRUSTEES**
## **Fr Hugh Seenan**
Fr Hugh Seenan was ordained a priest in 1989. He has worked in Mozambique for 22 years, India for 6 years and Malawi for 3. He came back to Britain in August 2020 to take over as Sector Superior. This is the first time that he has been resident in Britain since 1989.
## **Fr B Denis Starkey**
Fr. Denis Starkey was ordained priest in 1977. His African missionary activity was in Malawi and Nigeria. For 11 years he was Superior and Church Appeals Organiser in our house in Sutton Coldfield. In 2005 he was appointed Registrar/Secretary/Treasurer of the Missionary Institute London and was responsible for the arrangement of the eventual closure of the Institute in 2007. He took up his appointment as Treasurer of the Missionaries of Africa in the USA in 2008 and completed his term of office in 2013. He was appointed to his present role of Treasurer in 2013.
## **Fr Christopher Wallbank**
After joining the Society of Missionaries of Africa in 1973 Fr Wallbank spent a number of years as a missionary in Malawi. Since returning to work in the then-Province he has been Vocations Director and Superior of our residence for the elderly in Glasgow. Currently he is Secretary to the Sector Superior and his Council as well as Superior of our Little Ealing Lane community in Ealing, West London. As a Trustee, keeps the Minutes of Trustees Meetings. He was appointed as Secretary to the then Province in July, 2006
2
**The Society of Missionaries of Africa (also known as The White Fathers) Trustees report**
## **PERSONNEL**
At the end of 2021, there were 31 Society members appointed to the Sector, 24 British members and 7 from areas outside Britain, plus 1 trainee. Of the 31 members, there were 15 active, 16 semi-retired/retired. There were an additional 9 active British Society members appointed outside Great Britain: 6 in various African countries, 1 in Italy, 1 in Jerusalem, and 1 in The Philippines. There were a further 3 members of our Society from outside Britain resident but not appointed to the Sector. 1 was working in a parish, 1 was retired in his own home and 1 was a student at SOAS.
## **SECTOR ADMINISTRATION TEAM**
## **Sector Council: The Council**
**The Sector Superior** is entrusted with the duty of providing for the spiritual and temporal wellbeing of the members. His chief ministry is the spiritual and apostolic inspiration of communities and individuals, in accordance with the charism of the Society. The current Superior was appointed for a 1st 3-year mandate on 1st July 2020.
**The Sector Treasure** r, under the responsibility of the Sector Superior and his Council, is in charge of the material interests of the Sector. He administers the Society’s fixed and current assets. In carrying out his duties, the Treasurer is assisted by the Financial Council, which meets twice yearly. He makes use of legal, accounting and other professional advice on an ad hoc basis. His term of office was renewed on 1st July 2019 for a term of 3 years.
**The Sector Secretary** , appointed by the Sector Council, is at the service of the Sector, under the direction of the Sector Superior. His term of office is usually for three years, though it may be extended. His term of office was renewed on 1st July 2019 for a period of 3 years.
**The Sector Council** is composed of six members, the three trustees above and one member each from our communities in Corfton Road, London, St. Vincent's Parish, Liverpool and Rutherglen, Scotland.
## **PUBLIC BENEFIT**
The trustees have consulted the guidance made available by the Charity Commission for England and Wales on the Public Benefit requirement of the Charities Act 2011.
The trustees are confident that they have complied with their duty under the Charities Act 2011 in that they have had due regard to public benefit guidance published by the Commission.
In furtherance of the trust's charitable purposes for the public benefit, the trustees give details of their activities in the following paragraphs.
## **REVIEW OF ACTIVITIES**
Here follows a description of the major activities that take place in the communities in England and Scotland, activities that assist the Society in its general and specific objectives.
(1) **64 Little Ealing Lane (W5 4XF),** London, is the Sector’s administration centre, a home for our elderly/retired members who no longer can do much or any active ministry, but can still look after themselves reasonably well, a place for student-priests, and visitors. Because of Covid-19 restrictions, no one could help in parishes or make church appeals during most of the year. At the end of 2021 there were 13 members in residence.
**(2) Corfton Road (W5 2HP)** , London, is a community of 4 members. One is Administrator of the Promotion Office and Church Appeals plus the local house bursar. One provides help with his computer expertise. The Magazine Editor is based here and looks after our website. A fourth member is from Ghana and is studying at S.O.A.S.
However, for most of the year all activities outside the house were curtailed because of the Covid-19 restrictions. This included making Church Appeals, ministry in parishes and chaplaincy work.
It is to be noted that our magazine, Missionaries of Africa (White Fathers), is an excellent means of fostering mission awareness. Besides news of the Sector and work done by our members in Africa, each issue usually has articles on one or other aspect of our work, for example, relations with Muslims, problems in large towns, Africa’s financial problems, our spiritual and development work in a particular African country. The magazine is free and it offers people the chance to support the Society and its works through donations, gifts, and legacies.
3) **In Liverpool, (L1 5JN** ) a community of 5 members was established in September 2018 at the invitation of the Archbishop to assist the Archdiocese with the pastoral care of a small inner city parish. Also, in line with our policies of inter-religious dialogue and availability to the African World, the community is an outreach to diverse ethnic groups in the city. One of the members took on the task of the Sector representative of Justice, Peace & the Integrity of Creation (JPIC) matters. A trainee from Tanzania joined the community towards the end of the year.
3
**The Society of Missionaries of Africa (also known as The White Fathers) Trustees report**
(4) **In Rutherglen, Glasgow (G73 2NG** ), the community consists of 7 members. One of the members works on promotion and mission animation, including mission appeals, pastoral work, and correspondence with our benefactors. The appeals’ organiser arranges for all appeals made in Scotland, contacting parish priests and finding members to do the Church appeals. From the house, support is given to a group called The Parents & Friends Association. Its members organise and host different fund-raising activities that help to support White Fathers working in Africa. However, for much of the year all activities had to be curtailed because of the Covid-19 restrictions.
Outside our community houses, there are 2 members:
- --1 is retired in Cambridge
- --1 is resident in a nursing home in Scotland
The Society of Missionaries of Africa is an active member of the Conference of Religious and Societies of Apostolic Life (CoR) (www.corew.org), which facilitates and coordinates the efforts of its members to be at the service of the Church and society. It is proactive in its support for the Catholic Safeguarding Advisory Service (CSAS) (www.csas.uk.net). Its primary role is one of co-ordination, advice and support in respect of the wider job of safeguarding children, young people and vulnerable adults. One of our members is Safeguarding Representative to the various safeguarding groups in England, Wales and Scotland to deal with any cases of abuse that may arise. The Society of Missionaries of Africa are aligned to the
Archdiocese of Westminster for purposes of safeguarding with regard to arrangements put in place by CSAS.
Within the framework of the Catholic Bishops' Conference of England and Wales (www.catholic-ew.org.uk), the Society is actively involved in matters concerning Africa through its membership in the Catholic Missionary Union (CMU) (www.cmu.org.uk). It should be noted that while the charity's members are, for the most part, supported by the charity, there would be no charity without them. Their work contributes to it in many ways: they organise its numerous activities, and in a word, give their lives for it and its aims.
## **THE CHARITY'S STATEMENT OF FINANCIAL ACTIVITIES**
-- Incoming Resources: An increase in legacy income of over three million pounds was noted. The level of legacy income cannot be predicted and will almost certainly decrease again in future years. Investment income recovered by some £23 thousand compared to the previous year as the economic effects of the pandemic eased.
-- Expenditure: Overall reduced by £295 thousand as a result of a reduction in support of missions and donations while other expenditure remained reasonably consistent.
-- Compared with 2020, our Capital and Reserves significantly increased as the surplus on income and expenditure was increased by a gain on the investments. The trustees consider the position to be satisfactory.
## **TRUSTEES' RESPONSIBILITIES WITH REGARD TO THE ACCOUNTS**
Under charity law, the trustees are responsible for preparing the Trustees' Annual Report and the financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the excess of income over expenditure for that period.
In preparing these financial statements, generally accepted accounting practice entails that the trustees:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether the recommendations of the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements;
- state whether the statements comply with the trust deed, subject to any material departures disclosed and explained in the financial statements;
- prepare financial statements on the going concern basis unless it is inappropriate to presume the charity will continue its activities.
The trustees are required to act in accordance with the trust deed of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
4
**The Society of Missionaries of Africa (also known as The White Fathers) Trustees report**
## **TRUSTEES' INVESTMENT AND OTHER POWERS**
According to the Trust Deed, the Trustees have the power to invest any money forming part of the. Trust Fund and to apply income and capital for the charitable purposes of the Trust in England and elsewhere. They may purchase property, sell land and property, and pay for the upkeep of land and property held upon Trust. They may also borrow money for any of the foregoing purposes and accept donations.
## **RESERVES POLICY**
Reasonable reserves are maintained in order to produce required income for the purposes and needs of the Trust. While the funds reserved might be considered small relative to the number of members and the work for which the Charity is responsible, it is the Society on a worldwide level rather than any individual section of the Society that ultimately looks after
any unexpected needs or problems that may arise.
## **INVESTMENT POLICY**
The Investment policy of the Society is to receive interest and dividends from investments, made on an ethical basis, so that the aims of the Society can be achieved. The objective of the portfolios under an investment manager at Raymond James Investment Services, London, is to maximise total return from income and capital at medium risk.
## **PROTECTION OF CHILDREN AND VULNERABLE ADULTS**
Along with all other organisations who serve in the community, the trustees recognise the absolute necessity of ensuring the protection and safety of all those the charity serves. This means that all our members who are in any kind of ministry in Great Britain have to obtain clearance from the Criminal Records Bureau. The trustees are committed to implementing all policies and procedures of the office of the Catholic Safeguarding Advisory Service (CSAS) and those of our Society. A trained member safeguarding person provides services for the Sector as and when required.
## **DATA PROTECTION**
In line with the GDPR Act of 2018, procedures were implemented to ensure that the Society data protection policies follow the latest legal requirements. The current full Privacy Policy is to be found on the website at www.missionariesofafrica.org.uk
## **RISK ASSESSMENT**
The major risks to which the Charity is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks as far as possible. The major risks include: fraud by members of the Society or employees; operational and fundraising losses due to catastrophic situations and, in consultation with our insurers D.E. Ford, periodic risk assessments for Health, Safety, Welfare and fire in each of the properties of the Charity.
## **FUTURE DEVELOPMENTS**
There are no other definite planned changes in the activities of the Society for the coming year.
## **THE CHARITY'S ASSETS**
Acquisitions and disposals of fixed assets during the year are recorded in the notes to the accounts.
Signed on behalf of the Trustees:
Denis Starkey Trustee Approved by the trustees on 16 September 2022
5
**The Society of Missionaries of Africa (also known as The White Fathers) Auditors' Report**
## **Independent auditors' report to the Trustees of The Society of Missionaries of Africa**
We have audited the financial statements of The Society of Missionaries of Africa for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of cash flows and the related notes.The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its income and expenditure for the year then ended;
- have been properly prepared in accordance with UK Generally Accepted Accounting Practice; and
- have been properly prepared in accordance with the requirements of the Charities Act 2011 and the Charities and Trustees Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
## i i **Conclusions relating to going concern**
We have nothing to report in respect of the following matters in relation to which the ISAs
(UK) require us to report to you where:
- the trustees’ use of the going concern basis of accounting in the preparation of the accounts is not appropriate; or
- the trustees have not disclosed in the accounts any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the accounts are authorised for issue.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the report and accounts other than the accounts and our auditor’s report thereon. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities Act 2011 and the Charities and Trustee Investment (Scotland) Act 2005 requires us to report to you if, in our opinion:-
- the information given in the Trustees' Annual Report is inconsistent in any material respect with the financial statements;
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement set out on page 4, the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
6
**The Society of Missionaries of Africa (also known as The White Fathers) Auditors' Report**
## **Auditor’s responsibilities for the audit of the accounts**
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of report**
This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and with regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## **Borucki & Co**
16 September 2022
_Chartered Accountants and Statutory Auditors_ 42 Radnor Road Harrow Middlesex HA1 1RZ
Borucki & Co is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.
7
## **The Society of Missionaries of Africa (also known as The White Fathers) Statement of financial activities (incorporating an income and expenditure account) for the year ended 31 December 2021**
|**Notes**
**General**
**fund**
**Designated**
**fund**
**Restricted**
**fund**
**2021**
**£**
**£**
**£**
**Income**
**Voluntary income**
Appeals, donations and legacies
1
3,569,738
-
176,910
3,746,648
Contribution from Provincial fund
-
Salaries, stipends and pensions
1
271,339
-
-
271,339
Masses said
40,493
-
-
40,493
**Investment income**
-
Dividend and interest
2
94,748
-
-
94,748
**Other income**
Miscellaneous income
-
-
-
-
Furlough grant
7,037
-
-
7,037
Surplus on sale of fixed assets
1,000
-
-
1,000
**Total income**
3,984,355
-
176,910
4,161,265
**Expenditure**
**Raising funds**
Investment manager fees
15,327
-
-
15,327
**Charitable activities**
**Pastoral activities**
Mission animation - magazine
109,033
-
-
109,033
Upkeep of communities
3
621,732
-
-
621,732
Promotion and formation
13,886
-
-
13,886
Support of Missions and donations
176,556
-
186,069
362,625
Administrative expenses
10,177
-
-
10,177
**Governance costs**
14,080
-
-
14,080
**Total expenditure**
4
960,791
-
186,069
1,146,860
**Total income less tota expenditure**
3,023,564
-
(9,159)
3,014,405
**Net gains (losses) on investments**
319,875
-
-
319,875
**Net income (expenditure) before transfers**
3,343,439
-
(9,159)
3,334,280
**Transfers between funds**
-
-
-
-
**Net income (expenditure)**
3,343,439
-
(9,159)
3,334,280
**Balances brought forward 1 January**
2,979,431
8,123,801
40,751
11,143,983
**Prior year adjustment**
6
-
-
-
-
**As restated**
2,979,431
8,123,801
40,751
11,143,983
**Balances carried forward 31 December**
6,322,870
8,123,801
31,592
14,478,263
**Unrestricted funds**|**Notes**
**General**
**fund**
**Designated**
**fund**
**Restricted**
**fund**
**2021**
**£**
**£**
**£**
**Income**
**Voluntary income**
Appeals, donations and legacies
1
3,569,738
-
176,910
3,746,648
Contribution from Provincial fund
-
Salaries, stipends and pensions
1
271,339
-
-
271,339
Masses said
40,493
-
-
40,493
**Investment income**
-
Dividend and interest
2
94,748
-
-
94,748
**Other income**
Miscellaneous income
-
-
-
-
Furlough grant
7,037
-
-
7,037
Surplus on sale of fixed assets
1,000
-
-
1,000
**Total income**
3,984,355
-
176,910
4,161,265
**Expenditure**
**Raising funds**
Investment manager fees
15,327
-
-
15,327
**Charitable activities**
**Pastoral activities**
Mission animation - magazine
109,033
-
-
109,033
Upkeep of communities
3
621,732
-
-
621,732
Promotion and formation
13,886
-
-
13,886
Support of Missions and donations
176,556
-
186,069
362,625
Administrative expenses
10,177
-
-
10,177
**Governance costs**
14,080
-
-
14,080
**Total expenditure**
4
960,791
-
186,069
1,146,860
**Total income less tota expenditure**
3,023,564
-
(9,159)
3,014,405
**Net gains (losses) on investments**
319,875
-
-
319,875
**Net income (expenditure) before transfers**
3,343,439
-
(9,159)
3,334,280
**Transfers between funds**
-
-
-
-
**Net income (expenditure)**
3,343,439
-
(9,159)
3,334,280
**Balances brought forward 1 January**
2,979,431
8,123,801
40,751
11,143,983
**Prior year adjustment**
6
-
-
-
-
**As restated**
2,979,431
8,123,801
40,751
11,143,983
**Balances carried forward 31 December**
6,322,870
8,123,801
31,592
14,478,263
**Unrestricted funds**|**2020**
**General**
**fund**
**Designated**
**fund**
**Restricted**
**fund**
**£**
**£**
**£**
675,043
506,952
-
168,091
-
300,039
300,039
-
-
42,657
42,657
-
-
-
71,590
71,590
-
-
1,029
1,029
-
-
12,975
12,975
-
-
-
-
-
-
**Unrestricted funds**|
|---|---|---|
||3,984,355
-
176,910
4,161,265|1,103,333
935,242
-
168,091|
||15,327
-
-
15,327
109,033
-
-
109,033
621,732
-
-
621,732
13,886
-
-
13,886
176,556
-
186,069
362,625
10,177
-
-
10,177
14,080
-
-
14,080|15,234
15,234
-
-
110,483
110,483
-
-
607,123
607,123
-
-
12,335
12,335
-
-
675,027
517,213
-
157,814
6,359
6,359
-
-
13,744
13,744
-
-|
||960,791
-
186,069
1,146,860|1,440,305
1,282,491
-
157,814|
||3,023,564
-
(9,159)
3,014,405
319,875
-
-
319,875|(336,972)
(347,249)
-
10,277
341,112
341,112
-
-|
||3,343,439
-
(9,159)
3,334,280
-
-
-
-|4,140
(6,137)
-
10,277
-
-
-
-|
||3,343,439
-
(9,159)
3,334,280
2,979,431
8,123,801
40,751
11,143,983
-
-
-
-|4,140
(6,137)
-
10,277
11,139,843
2,985,568
8,123,801
30,474
-
-
-
-|
||2,979,431
8,123,801
40,751
11,143,983|11,139,843
2,985,568
8,123,801
30,474|
||||
||6,322,870
8,123,801
31,592
14,478,263|11,143,983
2,979,431
8,123,801
40,751|
## **Continuing operations**
None of the charity's activities were acquired or discontinued during the above two financial years.
## **Statement of total recognised gains and losses**
The charity has no recognised gains and losses other than those shown above and therefore no separate statement of total recognised gains and losses has been presented.
8
## **The Society of Missionaries of Africa (also known as The White Fathers) Balance Sheet as at 31 December 2021**
||**Notes**||**2021**||**2020**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|8||8,126,846||8,129,494|
|Investments at market value|9||4,480,009||3,674,584|
||||12,606,855||11,804,078|
|**Current assets**||||||
|Debtors|10|1,305,818||74,381||
|Cash at bank and in hand||1,055,855||598,409||
|||2,361,673||672,790||
|**Creditors: amounts falling due**||||||
|**within one year**|11|(490,265)||(1,332,885)||
||||1,871,408||(660,095)|
|**Total assets less current**||||||
|**liabilities**|||14,478,263||11,143,983|
||||14,478,263||11,143,983|
|**Represented by:**||||||
|**Funds and reserves**||||||
|General funds|||6,322,870||2,979,431|
|Designated funds|12||8,123,801||8,123,801|
||||14,446,671||11,103,232|
|Restricted funds|13||31,592||40,751|
||||14,478,263||11,143,983|
Appoved by the Trustees and signed on their behalf
Denis Starkey Trustee Approved by the Trustees on 16 September 2022
9
## **The Society of Missionaries of Africa (also known as The White Fathers) Statement of cash flows**
## **for the year ended 31 December 2021**
|**Note**
**Cash generated in operating activities**
**A**
**Cash flows from investing acivities**
Investment income
Proceeds of investment sales
Purchases of investments
Net proceeds on sale of assets
Purchase of fixed assets
Cash provided (used) in investing activities
Increase in cash and cash equivalents in year
**Movement in year**
(Decrease) increase in cash at bank and in hand
(Decrease) increase in cash held by investment managers for re-investment|**2021**
**£**
847,248
94,748
551,984
(1,108,715)
1,000
-
(460,983)
386,265
457,447
(71,182)
386,265|**2020**
**£**
(185,283)|
|---|---|---|
|||71,590
632,563
(599,799)
-
(10,590)|
|||93,764|
|||(91,519)|
|||(96,895)
5,376|
|||(91,519)|
## **A. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income (expenditure)
Deduct investment income
Add depreciation
Add/(deduct) net movement on investments.
Increase (decrease) in creditors
(Increase) decrease in debtors|**2021**
**£**
3,334,280
(94,748)
2,648
(319,875)
(842,620)
(1,231,437)
847,248|**2020**
**£**
4,140
(71,590)
9,787
(341,112)
220,836
(7,344)|
|---|---|---|
|||(185,283)|
10
**The Society of Missionaries of Africa (also known as The White Fathers) Principal Accounting policies for the year ended 31 December 2021**
## **1 Basis of preparation and assessment of going concern**
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
## **2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations, are recognised when the Trust has been notified in writing of both the amount and settlement date.
Legacies are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield in the investment portfolio.
## **3 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The cost of generating funds includes the fees paid to investment managers in respect of the management of the charity's investment portfolios.
Expenditure on charitable activities comprises direct expenses incurred on the defined charitable purposes of the charity and includes staff costs attributable to the activity.
Governance costs comprise of expenditure on compliance with and advice on constitutional and statutory matters. As all expenditure can be attributed to specific categories no apportionment between heading has been necessary. Irrecoverable VAT is included in the items of expenditure to which it relates.
## **4 Tangible fixed assets**
Freehold land and buildings are included at a valuation based either on a value estimated by the trustees in 1999 or on historical cost. The Trustees do not consider that the expense of a professional valuation in order to ascertain the separate values of the land and buildings is justified.
The buildings are in constant use in furtherance of the charitable objectives and are maintained to standards that ensure that their residual value is not less than the book value. Buildings are not depreciated, for the reason stated above, they have a very long useful economic life such that annual depreciation would be immaterial. All assets costing more than £1,000 and with an expected life of more than one year are capitalised.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant, equipment, fixtures and fittings 20% or 25% on cost.
Motor vehicles 25% on cost .
After five years plant, equipment, fixtures and fittings with a net book value of nil are written out of the accounts as in the opinion of the Trustees such assets have a negligible residual value.
## **5 Foreign currencies**
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
11
**The Society of Missionaries of Africa (also known as The White Fathers) Principal Accounting policies for the year ended 31 December 2021**
## **6 Investments**
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Trust does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
## **8 Fund accounting**
The general fund comprises those monies, which may be used towards meeting the charitable objectives of the charity at the discretion of the Trustees.
The designated funds are monies set aside out of general funds and designated for specific purposes by the Trustees.
The restricted funds are monies raised for, and their use restricted to, a specific purpose, or donations subject to donor imposed conditions.
## **8 Taxation**
The Trust, as a registered charity, is exempt from taxation on its income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.
12
**The Society of Missionaries of Africa (also known as The White Fathers) Notes to the Accounts for the year ended 31 December 2021**
|**General fund**
**Designated**
**fund**
**Restricted**
**fund**
**2021**
**2020 General fund**
**Designated**
**fund**
**Restricted**
**fund**
**1**
**Voluntary income**
**Appeals, donations and legacies**
**£**
**£**
**£**
**£**
**£**
**£**
Mission appeals and donations
375,655
-
176,410
552,065
515,960
347,869
-
168,091
Legacies
3,194,083
-
500
3,194,583
159,083
159,083
-
-
3,569,738
-
176,910
3,746,648
675,043
506,952
-
168,091
**Salaries, stipends and pensions**
Salaries and stipends
15,301
-
-
15,301
31,989
31,989
-
-
Ministry
8,430
-
-
8,430
7,307
7,307
-
-
Pensions
247,608
-
-
247,608
260,743
260,743
-
-
271,339
-
-
271,339
300,039
300,039
-
-
Salaries, ministry and pensions are the earned income of the Members gift-aided to the trust
**2**
**Investment income**
Dividends and interest from investments
94,744
-
-
94,744
71,553
71,553
-
-
Bank and other interest
4
-
-
4
37
37
-
-
94,748
-
-
94,748
71,590
71,590
-
-
**3**
**Pastoral activities**
**Upkeep of Communities**
Premises
163,231
-
-
163,231
145,435
145,435
-
-
Community and personal
458,501
-
-
458,501
461,688
461,688
-
-
621,732
-
621,732
607,123
607,123
-
**4**
**Net incoming (outgoing) resources before transfers**
This is stated after charging (crediting)
Staff (note 5)
205,960
-
-
205,960
210,938
210,938
-
-
Auditors remuneration
6,350
-
-
6,350
6,350
6,350
-
-
Accounting and other
4,030
-
-
4,030
4,030
4,030
-
-
Depreciation of owned assets
2,647
-
-
2,647
9,787
9,787
-
-
**5**
**Staff costs**
**2021**
**2020**
**£**
**£**
Staff costs during the year were as follows:
Wages and salaries
193,475
199,061
Social security costs
9,528
9,194
Pension contributions
2,957
2,683
205,960
210,938
**The average number of employees, analysed by function was:**
Administrative
4
4
Domestic
9
9
Total
13
13
No employee earned more than £60,000 per annum (including benefits) during the year or in the previous year.|**2020 General fund**
**Designated**
**fund**
**Restricted**
**fund**
**£**
**£**
**£**
515,960
347,869
-
168,091
159,083
159,083
-
-|**2020 General fund**
**Designated**
**fund**
**Restricted**
**fund**
**£**
**£**
**£**
515,960
347,869
-
168,091
159,083
159,083
-
-|
|---|---|---|
||675,043
506,952|-
168,091|
||31,989
31,989
7,307
7,307
260,743
260,743|-
-
-
-
-
-|
||300,039
300,039|-
-|
||71,553
71,553
37
37|-
-
-
-|
||71,590
71,590|-
-|
||145,435
145,435
461,688
461,688|-
-
-
-|
||607,123
607,123|-|
|||-
-
-
-
-
-
-
-
**2021**
**2020**
**£**
**£**
193,475
199,061
9,528
9,194
2,957
2,683|
|||205,960
210,938|
|||4
4
9
9|
|||13
13|
## **Trustees**
As members of the Order the Trustees’ living expenses during the year were borne by the Trust but the trustees received no remuneration or other benefits in connection with their duties as Trustees during the year or in the previous year.
## **6 Prior Year Adjustment**
The prior year adjustment consists of legacies that had not been recognised as receivable when the accounts were drawn up. Comparatives have been restated.
## **7 Taxation**
The trust as a registered charity, is exempt from taxation on its income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.
|**Tangible fixed assets**
**Cost**
At 1 January 2021
Additions
Disposals
At 31 December 2021
**Depreciation**
At 1 January 2021
Charge for the year
On disposals
At 31 December 2021
**Net book value**|**Freehold**
**land and**
**buildings**
**Motor**
**vehicles**
**Furniture**
**and**
**equipment**
**Total**
**£**
**£**
**£**
**£**
8,123,801
115,687
-
8,239,488
-
-
-
-
-
(11,000)
-
(11,000)|
|---|---|
||8,123,801
104,687
-
8,228,488|
||-
109,994
-
109,994
-
2,648
-
2,648
-
(11,000)
-
(11,000)|
||-
101,642
-
101,642|
|||
## **8 Tangible fixed assets**
13
## **The Society of Missionaries of Africa (also known as The White Fathers) Notes to the Accounts for the year ended 31 December 2021**
|At 31 December 2021
At 31 December 2020
**9**
**Investments**
Market value at 1 January 2021
Additions at cost
Sale proceeds from disposals
Net gain (loss) in year
Market value at 31 December 2021
Cash held by investment managers for re-investment
Cost of listed investments at 31 December 2021
**10 Debtors**
Due from other Provinces
Legacies receivable
Sundry debtors
**11 Creditors: amounts falling due within one year**
Held for Missions and Missionaries
Due to Generalate and other Provinces
Masses unsaid
Accruals|8,123,801
3,045|-
8,126,846|
|---|---|---|
||8,123,801
5,693|-
8,129,494|
|||**2021**
**2020**
**£**
**£**
3,587,191
3,278,843
1,108,715
599,799
(551,984)
(632,563)
319,875
341,112|
|||4,463,797
3,587,191
16,212
87,393|
|||4,480,009
3,674,584|
|||3,224,107
2,703,005|
|||**2021**
**2020**
**£**
**£**
249
24,624
1,290,644
27,113
14,925
22,644|
|||1,305,818
74,381|
|||**2021**
**2020**
**£**
**£**
163,942
181,701
290,470
1,138,016
21,874
-
13,979
13,168|
|||490,265
1,332,885|
## **12 Designated funds**
The income funds of the charity includes the following designated funds, set aside from the unrestricted funds of the trust by the trustees for specific purposes:
|Capital
**13 Restricted fund**
Mission fund
St Anthony's Novena and Burse Fund|At 1 January
2021
**£**
8,123,801
8,123,801|Transfers
Incoming
resources
Utilised/
realised
At 31
December
2021|
|---|---|---|
|||**£**
**£**
**£**
**£**
-
-
-
8,123,801|
|||-
-
-
8,123,801|
|||At 1 January
2021
Income
Expenditure
At 31
December
2021|
|||**£**
**£**
**£**
**£**
-
145,318
(145,318)
-
40,751
31,092
(40,751)
31,092|
|||40,751
176,410
(186,069)
31,092|
The specific purposes for which the funds are to be applied are as follows:
The Mission fund represents funds received in respect of specific mission activities.
St Anthony's Novena and Burse fund represents funds received for the training of White Father candidates.
## **14 Analysis of net assets between funds**
|**Analysis of net assets between funds**|||
|---|---|---|
|**Fund balances at 31 December 2021**
**are represented by:**
Tangible fixed assets
Current assets
Creditors: amounts falling|**General fund**
**Designated**
**fund**
**Restricted**
**fund**
**2021**
**£**
**£**
**£**
4,483,054
8,123,801
-
12,606,855
2,330,081
-
31,592
2,361,673
(490,265)
-
(490,265)
6,322,870
8,123,801
31,592
14,478,263|**2020 General fund**
**Designated**
**fund**
**Restricted**
**fund**
**£**
**£**
**£**
**£**
11,804,078
3,680,277
8,123,801
-
672,790
632,039
-
40,751
(1,332,885)
(1,332,885)
-
-|
|||11,143,983
2,979,431
8,123,801
40,751|
14