##
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|Trustees||The Reverend|The Reverend||Frederick|Hughes|Hughes|||
|---|---|---|---|---|---|---|---|---|---|
|||The Reverend|||Anthony|Madej||||
|||Brother Andrew|||Ferris|||||
|||Reverend
Wilfred Joseph||||||(Appointed|22 February 2021)|
|||Reverend
Enrico Frigerio||||||(Appointed|22 February 2021)|
|Charity number||233335||||||||
|Principal address||The Friary||||||||
|||St Bernards|Road|||||||
|||Olton||||||||
|||Solihull||||||||
|||8927BL||||||||
|Contact Address||Granta Lodge||||||||
|||71 Graham|Road|||||||
|||Malvern||||||||
|||Worcestershire||||||||
|||WR'i4 2JS||||||||
|Auditor||Kendall Wadley|||LLP|||||
|||Granta Lodge||||||||
|||71 Graham|Road|||||||
|||Malvern||||||||
|||Worcestershire||||||||
|||WR142JS||||||||
|Bankers||Royal Bank|of|Scotland||Pic||||
|||7 Market Street||||||||
|||Leigh||||||||
|||Lancashire||||||||
|||WN7 2EE||||||||
|Solicitors||Tyndallwoods||Solicitors||||||
|||29 Woodbourne|||Road|||||
|||Birmingham||||||||
|||B178BY||||||||
|Investment|advisors|BRIWealth|Management||||Pic|||
|||BRI House||||||||
|||Elm Court||||||||
|||Meriden Business Park||||||||
|||Meriden||||||||
|||CV5 9RL||||||||
##
##
|||Page|
|---|---|---|
|Trustees
report||1-3|
|Statement ofTrustees|responsibilities||
|Independent
auditor's|report|5-7|
|Statement
offinancial|activities||
|Balance sheet|||
|Statement ofcash flows||1Q|
|Notes to the accounts||11-21|
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|||||Unrestricted|Unrestricted|Unrestricted|Total|Unrestricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||funds||funds||funds|funds||
|||||general||designated||general|designated||
|||||2021||2021|2021|2020|2020|2020|
||||Notes||||||R|E|
|Income and endowments|||from:||||||||
|Donations
and legacies||||232,098|||232,098|173,640||173,640|
|Charitable
activities||||44,268|||44,268|37,300||37,300|
|Investments||||95,124|||95,124|82,593||82,593|
|Other income||||8,500|||8,500|8,859||8,859|
|Total income||||379,990|||379,990|302,392||302,392|
|Ex enditure on:|||||||||||
|Raising funds||||35,435|||35,435|32,372||32,372|
|Charitable
activities|||8|300,671|||300,671|241,616||241,616|
|Total resources|||||||||||
|expended||||336,106|||336,106|273,988||273,988|
|Net gains/(losses)||on|||||||||
|investments|||12|534,208|||534,208|(240,001)||(240,001)|
|Net|||||||||||
|incoming/(outgoing)|||||||||||
|resources before||||578,092|||578,092|(211,597)||(211,597)|
|transfers|||||||||||
|Gross transfers|between||||||||||
|funds|||13|(525,653)||525,653||205,326|(205,326)||
|Net movement|in|funds||52,439||525,653|578,092|(6,271)|(205,326)|(211,597)|
|Fund balances|at 1||||||||||
|January 2021||||419,988||3,934,731|4,354,719|426,259|4,140,057|4,566,316|
|Fund balances|at|31|||||||||
|December 2021||||472,427||4,460,384|4,932,811|419,988|3,934,731|4,354,719|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||f,||
|Fixed assets||||||||
|Tangible assets|||14||355,009||373,236|
|Investments|||15||4,105,375||3,561,495|
||||||4,460,384||3,934,731|
|Current assets||||||||
|Debtors|||17|5,145||5,752||
|Cash at bank and in||hand||487,834||434,923||
|||||492,979||440,675||
|Creditors:|amounts|falling due within|18|||||
|one year||||(20,552)||(20,687)||
|Net current|assets||||472,427||419,988|
|Total assets less current liabilities|||||4,932,811||4,354,719|
|Income funds||||||||
|Designated|funds||||4,460,384||3,934,731|
|Unrestricted|funds -|general|||472,427||419,988|
||||||4,932,811||4,354,719|
##
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|E||||
|Cash flows from operating|||activities||||||
|Cash absorbed
by operations||||||(30,754)||(30,151)|
|Investing|activities||||||||
|Purchase|oftangible
fixed|assets|||(1,787)||(4,307)||
|Additions|and disposals ofinvestments||||(9,672)||(50,104)||
|Interest received|||||95,124||82,593||
|Net cash|generated
from|investing|||||||
|activities||||||83,665||28,182|
|Net cash|used in financing||activities||||||
|Net increase/(decrease)||in|cash and|cash|||||
|equivalents||||||52,911||(1,969)|
|Cash and|cash equivalents|at beginning||of year||434,923||436,892|
|Cash and|cash equivalents||at end of|year||487,834||434,923|
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|||||2021|2020|
|---|---|---|---|---|---|
|.Donations|and gifts|||232,098|165,978|
|Government|funding|- Coronavirus|Job Retention Scheme||7,662|
|||||232,098|173,640|
|Donations|and gifts|||||
|Chaplaincy|fees|||65,067|56,566|
|Pensions||||94,479|75,070|
|Other||||72,552|34,342|
|||||232,098|165,978|
##
|||Mass|StipendsSupply|Income|Christmas
and|Total|Total|
|---|---|---|---|---|---|---|---|
||||and|Stole fees|Easter|2021|2020|
||||||Offerings|||
||||E|E|E|||
|Charitable|activities||11,942|20,324|12,002|44,268|37,300|
|For the year ended 31 December||2020||||||
|Unrestricted|funds - general||11,292|14,751|11,257||37,300|
##
|||general|general|
|---|---|---|---|
|||2021|2020|
||||P|
|Income|from listed investments|95,106|82,477|
|Interest|receivable|18|116|
|||95,124|82,593|
##
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|6|Other income||||
|---|---|---|---|---|
||||general|general|
||||2021|2020|
|||||P|
||Other income||8,500|8,859|
|7|Raising funds||||
||||2021|2020|
||Investment
management|fees|35,435|32,372|
##
##
|8|Charitable
activities|Charitable
activities||||
|---|---|---|---|---|---|
|||||2021|2020|
||Staff pension costs|||51,439|10,715|
||Depreciation
and impairment|||20,014|19,736|
||Priests expenses|||4,285|6,483|
||Provisions,
clothing
and||laundry|39,371|33,811|
||Travelling
and motor|expenses||29,323|24,783|
||Telephone|||4,339|3,710|
||Stationery,
postage and||computer consumables|4,243|5,789|
||Nursing
care, chemists,||dentist|6,825|4,275|
||Pilgrimage
and retreat expenses|||12,368|9,770|
||Payments
to exterior|priests|||667|
||Staff costs - domestic wages|||16,942|15,619|
||Sundries|||5,344|4,542|
||Bank charges|||528|319|
||Holidays|||4,102|3,885|
||Appeal and regional|levy||200|429|
||Insurance|||3,482|3,258|
||Repairs and maintenance|||3,009|1,618|
||General Council Rome|||21,100|21,000|
||Donations,
gifts and|charity||1,290|4,949|
||Missions|||44,981|38,000|
|||||273,185|213,358|
||Share ofgovernance|costs (see note 9)||27,486|28,258|
|||||300,671|241,616|
||Analysis
by fund|||||
||Unrestricted
funds -|general||300,671||
|||||300,671||
||For the year ended|31 December 2020||||
||Unrestricted
funds -|general|||241,616|
||||||241,616|
##
##
##
|Support|co|sts|||||
|---|---|---|---|---|---|---|
||||Support|Governance|2021|2020|
||||costs|costs|||
||||F|F|||
|Accountancy||||16,338|16,338|17,502|
|Audit||||2,700|2,700|2,870|
|Professional||fees||8,448|8,448|7,886|
|||||27,486|27,486|28,258|
|Analysed|between||||||
|Charitable|activities|||27,486|27,486|28,258|
##
##
|The average|monthly
number ofemployees
during th|e year was:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Employment|costs|2021|2020|
|||F||
|Wages and salaries||16,942|15,619|
|Other pension|costs|51,439|10,715|
|||68,381|26,334|
##
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##
|||2021|2020|
|---|---|---|---|
|Revaluation|ofinvestments|534,208|(240,001)|
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##
||||||Listed|Cash in|Total|
|---|---|---|---|---|---|---|---|
||||||investments|portfolio||
||Cost or valuation|||||||
||At 1 January
2021||||3,059,506|501,989|3,561,495|
||Additions||||832,457|(832,457)||
||Valuation
changes
and||portfolio management|fee|534,208|(35,435)|498,773|
||Cash drawn
out|||||(50,000)|(50,000)|
||Accumulated
income|||||95,107|95,107|
||Disposals||||(462,319)|462,319||
||At 31 December 2021||||3,963,852|141,523|4,105,375|
||Carrying
amount|||||||
||At 31 December 2021||||3,963,852|141,523|4,105,375|
||At 31 December 2020||||3,059,506|501,989|3,561,495|
|16|Financial instruments|||||2021|2020|
||Carrying
amount of|financial assets||||||
||Instruments
measured||at fair value through|profit or loss||3,963,852|3,059,506|
|17|Debtors|||||||
|||||||2021|2020|
||Amounts
falling due||within one year:|||E|F|
||Prepayments
and accrued income|||||5,145|5,752|
|18|Creditors: amounts|falling due within one year||||||
|||||||2021|2020|
||Accruals and deferred||income|||20,552|20,687|
##
##
##
|19|Analysis ofnet assets between|Analysis ofnet assets between|Analysis ofnet assets between|funds||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||Unrestricted|||Designated|||Total|Unrestricted|Designated|Total|
|||||fund||fund|||fund|fund||
|||||2021||2021||2021|2020|2020|2020|
|||||F|||f||F|||
||Fund balances at 31|||||||||||
||December 2021 are|||||||||||
||represented
by:|||||||||||
||Tangible assets|||||355,009||355,009||373,236|373,236|
||Investments|||||4,105,375||4,105,375||3,561,495|3,561,495|
||Current
assets/(liabilities)||472,427|||||472,427|419,988||419,988|
||||472,427|||4,460,384||4,932,811|419,988|3,934,731|4,354,719|
|20|Related party transactions|||||||||||
||There were no disclosable
related|||party transactions|||during the year||(2020 - none).|||
|21|Cash generated
from|operations||||||||2021|2020f|
||Surplus/(deficit)
for the|year||||||||578,092|(211,597)|
||Adjustments
for:|||||||||||
||Investment
income recognised||in statement|||offinancial||activities||(95,124)|(82,593)|
||Fair value gains on investments|||||||||(534,208)|240,001|
||Depreciation
and impairment
oftangible fixed assets|||||||||20,014|19,736|
||Movements
in working|capital:||||||||||
||Decrease
in debtors|||||||||607|2,280|
||(Decrease)/increase
in|creditors||||||||(135)|2,022|
||Cash absorbed
by operations|||||||||(30,754)|(30,151)|
|22|Analysis ofchanges|in net funds||||||||||
||The Congregation
had|no debt|during the||year.|||||||