2020-12-31-accounts

Trustees		The Reverend		Frederick	Frederick	Hughes	Hughes
		The Reverend	Anthony			Madej
		Brother Andrew		Feme
		Reverend Wilfred			Joseph			(Appointed	22 February	2021)
		Reverend Ennco			Frigerio			(Appointed	22 February	2t721)
Charity number		233335
Prlncipat address		The Fnary
		St Bernard s Road
		Qtton
		Solihull
		B9276L Malvern
Contact Address		Grants Lodge
		71 Graham Road
		Worcestershire
		WR14 2JS
Auditor		Kendall Wadley		LLP
		Grants Lodge
		71 Graham Road
		Malvern
		Worcestershire
		WR142JS
Bankers		Royal Bank of		Scotland		Pic
		7 Market Street
		Leigh
		Lancashire
		WN7 2EE
Solicitors		Tyndallwoods	Solicitors
		29Woodbourne			Road
		Birmingham
		B178BY
Investment	advisors	BRI Wealth Management					Pic
		6RI House
		Elm Court
		Meriden Business Park
		Meriden
		CV5 9RL

			Page
Trustees	report		1-3
Statement	ofTrustees	responsibilities
Independent auditor's		report
Statement	offinancial	ecttvttles
Balance	sheet
Statement	ofcash flows
hfotes to	the accounts		12-22

			Unrestricted Unrestricted	Unrestricted Unrestricted	Total	Unrestricted	Unrastricteti	Total
			funds	funds		funds	funds
			general	designated		general	designated
		Notes	ZD20 F	2020 f	2620	2019f	2019 f	2019 f
Income a		from:
Donations and legacies		3	173,640		173,640	184,849		184,849
Chaditable acdvities		4	37,300		37,300	47,077		47,077
In vs atm ants		5	82,593		82,593	117,703		117,703
Olher income		6	8,859		8,859	6,644		6,644
Total income			302,392		302,392	356,273		356,273
~Ex ad~ID; Raising funds		7	32,372		32,372	34,431		34,431
Charitable activities		8	241,616		241,616	375,604		375,604
Total resources
expended			273,988		273,988	410,035		410,035
Net gain sf(losses) on invest ments		12	(240,001)		(240,001)	354,478		354,478
Net (outgoing)f
incoming resources before transfers			(211,597l		(211,597)	300,716		300,716
Gross transfers
between funds		13	205,326	(205,326)		(235,428)	235,428
Net movement	in funds		(6,27'I)	(205,326)	(211,597l	65,288	235.428	300,716
Fund balances at 1
January 2020			426,259	4,140.057	4,566,316	360,971	3,904,629	4,265,600
Fund balances	at 31
December 2020			419,988	3,934,731	4,354,719	426.259	4,140,057	4,566,316

					2020		2019
				Notes
Fixed assets
Tangible assets				14		373,236		388,665
Investments				15		3,561,495		3,751,392
						3,934,731		4,140,057
Current assets
Dsbtol'S				17	5.752		8,032
Dash st bank	end	in	hand		434.923		436,892
					440,675		444,924
Creditors: amounts			falling due within	18
one year					(20,687)		(18,665)
Net current assets						419,988		426,259
Total assets	less	current Ifabilities				4,354,719		4,566,316
Income funds
Designated funds						3,934.731		4,140,057
Unrestricted	funds	—general				419,988		426,259
						4,354,719		4,566,316

				2020		2019
			Notes	6		6
Cash flows from operating		activities
Cash absorbed by operations			22		(30,151)		(151.998)
Investing	activities
Purchase	oftangible fixed assets			(4,307)		(11,640)
Proceeds assets	on disposal oftangible fixed					256
Additions	and disposals of investments			(50,104)		106,972
Interest received				82,593		117,703
Net cash activities	generated from investing				28,182		213,291
Net cash	used in financing	acgvities
Net (decrease)fincrease in equivalents		cash and cash			(1,969)		61,293
Cash and	cash equivalents	at beginning	of year		436,892		375,599
Cash and	cash equivalents	at end ofyear			434,923		436,892

Donations	and leg	a	cies
											2828	2819
Donations	and gifts										165,978	184,849
Government	funding		-Coronavirus	dob Retention		Scheme					7,862
											173,64tt	184,849
Donations	and gifts
Chaplaincy pensions	fees										56,566 75,676	57,317 76,162
Other											34.342	51,370
											165,9TB	184,849
Charitable	activities
				Mass	Stipends		Supply	income	Chnetmas	eod	Total	Total
							sod Stole fees		Easter		202C	2C IS
									Offerlnaa
						4				8
Charitable	activities				11,292			14,751	11,257		37,360	47,077
For the year ended			31December	2019
Unrestricted	funds	-general			11.759			16,747	18,571			47,fITT

6	In vest	me nis
					general	general
					2020	2019
	Income fram		listed lnvestmente		82,477	117,459
	Interest receivable				1'I6	244
					82,593	117,703
6	Other	incame
					general	general
					202D	2019
					9
	Other	Income			6,859	6,644
7	Raising fttnda
					2D20	2019
	Investment		management	fees	32,372	34,431

Chari tab le a	ctivities
					2020	2019
						6
Staff pension	costs				10,715	53,518
Depreciation and impairment Pnests expanses					19.736 6,483	23,462 4,253
Pmvis iona, clothing		and	laundry		33,811	35,435
Travelling and motor		expenses			24,783	42,374
Telephone					3,710	2,292
Stationery, postage		and	computer	consumablse	5,789	5,207
Nursing care,	chemists,		dentist		4,275	2,604
Pilgrimage and retreat expenses					9,770	20,791
Payments to	exterior	priests			667	2,000
Staff costs - domsstir. wages					15,619	15,122
Sundries					4,542	9,044
Bank charges					319	408
Holidays					3,885	6,110
Appeal anti regional Insurance		levy			429 3,256	762 3,532
Repairs and	maintenance				1,616	832
General Council Rome					21,000	21,000
Donations, gifts snd		charity			4,949	534
Miasmas					38,000	87 100
					213,358	336,380
Share oi governance		costs (see note 9)			28,258	39,224
					241,61B	375,604
Analysis by	fund
Unrestricted	funds —general				241,616
					241,616
For the year	ended	31	December 2019
Unrestricted	funds -	general				375,604
						375,604

Support	c	osts
			Support	Governance	2020	Support	Governance	2019
			costs	costs		costs	costs
			6	6	6	6	6
A coo un tan	cy			17,502	17,502		13,855	'I3,855
Audit				2,870	2,870		4,140	4,140
Professional		fees		7,886	7,886		21,229	21,229
				28,258	28,258		39,224	39,224
Analysed	between
Charitable		activiTies		28,258	28,258		39,224	39,224

Number of e The average	mployees monthly number ofemployees during	the year wasi
		2020	2019
		Number	Number
Employment	costa	2020 f	2019f
Wages and salaries		'l5,6'l9	15,122
Other pension costs		'I0,715	53,518
		26,334	68,640

hist gainer(	lass	es) an investments
			2020	20'ig
Revaluation	of	investments	(240.001)	354,478

14	Tangible Irssd assets
			Lsm	d		P	mny	c	pun	psrlulm, alai	hkl	\ i 1
			euddl	uhl	P		I	mr	p	muss
										hemp
										5	5
	Cost
	Al 1 January 2020		595,385						7,756	4'Igci 1	55.137	709.701
	Addrbcns									4,307		4,307
	At 31December 2020		595,395			19,560			7,769	46,169	55,137	7'14,008
	Dspreslagon nnd Inlpalrnlanl
	Al 1 danuery 2020		228	974			5,223		7,7M	39248	39,1LL1	321,036
	Daprsmahon charged	rn the year	11	478			1,957			1,145	5,158	19,736
	At 31December 2020		240	450			7,180		7,(56	40,3g3	44,991	340,772
	Carrying amount
	At 31December 2020		344,935			12,380				6.775	10,146	373236
	At 31December 2019		356	411		14.837				2 613	15,304	388.665

15	F(xed asset investme	n	ts
						Listed	Cash in	Total
						investments	portfolio
	Cost or valuation
	At 1 January 2020					3,602,917	148,475	3,751,392
	Additions					1,719,030	(1,719,030)
	Valuation changes and		other gains			(244,968)	(32,372)	(277,360)
	Accumulated income						82,476	82,476
	Dispoeals					(2,017,453)	2,022,440	4,987
	At 31 December 2020					3,059,506	501,989	3,561,495
	Carrying amount
	At 31 December 2020					3,059,506	501,989	3,561,495
	At 31 December 2019					3,602,917	148,475	3,751,392
16	Financial instruments						202D	2D19
							6	6
	Carrying amount of	financial assets
	Instruments measured		at	fair value through	profit or loss		3.059.506	3,602,917
	Debtors
							2D2D	2019
	Amounts falling due		within one year:
	Prepayments end accrued			income			5,752	8,032
18	Creditors: amounts	falling due within one year
							2D20	2019
							6
	Aocruala and deterred		income				20,I687	18,665

19	Analysis ofnet assets	Analysis ofnet assets	between	funds
			Unrestricted		Designated	Total	Unrestncted	Designated	Total
				fund	fund		fund	fund
				2020	2020	2020	2019	2019	2019
						8
	Fund balances	at 31
	December 2020 are
	represented by:
	Tangible assets				373,236	373,236		388,665	388,655
	lnveslrnents				3,561,495	3,561,495		3,751,392	3,751,392
	Current assetsf
	(liabilities)		419,988			419,988	426,259		426,259
			419,988		3,934,73'I	4,354,719	426,259	4,140.057	4,566,316

21	Analysis ofchanges in net funds	Analysis ofchanges in net funds
	The Congregation had no debt	dunng	the year,
22	Cash generated from operations						2020	2019
	(Deficit)fsurpus for the year						(211,597)	300,716
	Adjustments for.
	Investment income recognised	in statement			offinancial	activities	(82,593l	(117,703)
	Fair value gains on investments						240,001	(354,478)
	Depreciation and impairment of tangible			fixed assets			19,736	23A62
	Movements in working capital:
	Decrease/(increase) in debtors						2,280	(3,356)
	Increase/(decrease) in creditors						2,022	(639)
	Cash absorbed by operations						(30.151)	(151,998)