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