| Contents | |||
|---|---|---|---|
| Page | |||
| Information | |||
| Trustee's | Report | 4-12 | |
| Independent Examiners |
Report to the Trustees | 13 | |
| Statement | ofFinancial; | Activities | |
| Balance Sheet | |||
| Statement | ofCash Flows | 16 | |
| Notes to the Financial Statements | 16-22 |
| Chari | Re istratlon | Re istratlon | Re istratlon | Re istratlon | Number | 233640 | |
|---|---|---|---|---|---|---|---|
| Business | Address | Sisters of Marie Reparatrice | |||||
| Laurel Hill Avenue |
|||||||
| South Circular | Road | ||||||
| Limerick | |||||||
| Ireland | |||||||
| V94 XN29 | |||||||
| Auditors | &Accountants | Quintss | |||||
| Certified Public Accountants | |||||||
| Heron House | |||||||
| Blackpool Park | |||||||
| Blackpool | |||||||
| Cork | |||||||
| Bankers | Barclays | ||||||
| Wimbledon Business Centre |
|||||||
| 8Alexandra | Road | ||||||
| Wimbleton | |||||||
| London | |||||||
| SW19 TLA | |||||||
| Solicitors | Druces LLP | ||||||
| Salisbury House |
|||||||
| London Well | |||||||
| London | |||||||
| EC2M SPS | |||||||
| Investment | Mana | ers | A &G Bank | ||||
| Avda de la Palmera 27B | |||||||
| 41013Seville | |||||||
| Spain | |||||||
| Quilter Cheviot Asset Management | |||||||
| One Kingsway | |||||||
| London | |||||||
| WC2B 6AN |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||
| Income from: | |||||
| - Donations and legacies |
4 | 132,588 | 132,588 | 112,838 | |
| - Deposit Interest | 307 | 307 | 531 | ||
| - Other operating income |
5 | 245 075 | 122452 | 367527 | 686293 |
| Total income | 377,970 | 122,452 | 500,422 | 799,662 | |
| Expenditure on: |
|||||
| Administration expenses |
28,350 | 40 | 28,390 | 22,740 | |
| Charitable activities |
~257 087 | 113620 | 370707 | 411588 | |
| Total expenditure | 285,437 | 113,660 | 399,097 | 434,328 | |
| Net (expenditure)/Income | 92,533 | 8,792 | 101,325 | 365,334 | |
| Reconciliation offunds | |||||
| Total funds b/f |
12,799,621 | 6,272,787 | 19,072,408 | 18,707,074 | |
| Total funds c/f | 12,892,154 | 6,281,579 | 19,173,733 | 19,072,408 |
| Statement ofCash Flows | Statement ofCash Flows | Statement ofCash Flows | ear ended 31"December 2021 | ||
|---|---|---|---|---|---|
| Dec'21 | Dec '20 | ||||
| Cash flows from operating | activities | ||||
| Surplus/(deficit) for the year |
101,325 | 365,334 | |||
| Increaset(decrease) in creditors |
(29,611) | 29,101 | |||
| (Increase)tdecrease in debtors |
|||||
| Realised (Gains) tlosses for | the year | 2,744 | |||
| Unrealised (gains)tlosses for |
the year | (370,469) | (686,121) | ||
| Net cash inflowt (used in) operating activities |
(296,011) | (291,686) | |||
| Cash flows from investing | activities | ||||
| Proceeds from sale ofassets | 345,082 | ||||
| Financing ofasset purchase |
(101,837) | 0 | |||
| Increase/(decrease) in cash for the year |
(52,766) | 0 | |||
| Net increase/(decrease) in |
cash and cash | equivalents | (52,766) | (291,686) | |
| Cash and cash equivalents | at beginning | ofyear | 230,062 | 521,748 | |
| Cash and cash equivalents | at end ofyear | 177,296 | 230,062 |
| 4. | Income from Donations | ||||
|---|---|---|---|---|---|
| Dec'21 | Dec'20 | ||||
| Unrestricted | |||||
| Sisters pension donations | 51,213 | 69,560 | |||
| Legacies and other donations | 81 375 | 43278 | |||
| 132,588 | 112,838 | ||||
| Restricted | |||||
| Legacies and other donations | |||||
| Other income | |||||
| 5. | Other operating income |
||||
| Dec'21 | Dec'20 | ||||
| Unrestricted | |||||
| Progt)(loss) on disposal of | property | ||||
| Unrealised gains((losses) |
on investments | 247,794 | 458,306 | ||
| Realised gainst(losses) on disposal |
ofinvestments | (2,528) | |||
| Foreign exchange gains&(losses) | 191 | 173 | |||
| 245,075 | 458,479 | ||||
| Restricted | |||||
| Unrealised gainst(losses) |
on investments | 122,675 | 227,815 | ||
| Realised gainst(losses) on disposal Foreign exchange gainstlosses |
ofinvestments | (216) | ~1 | ||
| 122,452 | 227,814 |
| Administration | Expenditure | Expenditure | ||
|---|---|---|---|---|
| Dec '21 | Dec'20 | |||
| Council taxes | 722 | 1,163 | ||
| Insurance | 1,820 | (355) | ||
| Repairs and maintenance | 50 | 1,378 | ||
| Print, Post &Stationary | 120 | 91 | ||
| Telephone | 1,242 | 1,313 | ||
| Motor and travelling | expenses | 207 | 904 | |
| Legal and Professional fees | 7,226 | 3,620 | ||
| Accountancy | Fess | 12,915 | 12,915 | |
| Bank Charges | 40 | 20 | ||
| Sundry Expenses | 3,387 | 1,091 | ||
| Subscriptions | 661 | 600 | ||
| 28,390 | 22,740 |
| xpenditure | on Charitable Activities |
||
|---|---|---|---|
| Dec '21 | Dec'20 | ||
| 6 | 6 | ||
| Contribution | to the missions | 113,620 | 1,565 |
| Contribution | to communities | 5,000 | 5,000 |
| Alms and donations | 3,300 | 129,000 | |
| Residential | and care home costs | 235,587 | 262,665 |
| Rent ofaccommodation | 13200 | 13358 | |
| 370,707 | 411,588 |
| 9. | Tangible assets | |||
|---|---|---|---|---|
| Freehold | ||||
| Property | Total 6 |
|||
| Cost | ||||
| At 1stJanuary 2021 | ||||
| Disposals | ||||
| At 31stDecember 2021 | ||||
| Depreciation | ||||
| At 1stJanuary 2021 and | 31stDecember 2021 | |||
| Carrying amount |
||||
| At 31stDecember 2021 | ||||
| At 31stDecember 2020 | ||||
| 10. | Financial assets | |||
| Investments | Total | |||
| 6 | 8 | |||
| Cost | ||||
| At 1stJanuary 2021 | 18,889,783 | 18,889,783 | ||
| Additions | 101,837 | 101,837 | ||
| Disposals | (347,826) | (347,826) | ||
| Revaluations | 370,469 | 370,469 | ||
| At 31stDecember 2021 | 19,014,263 | 19.014,263 | ||
| Provision for diminution | in value | |||
| At 1stJanuary 2021 and | 31stDecember 2021 | |||
| Carrying amount |
||||
| At 31stDecember 2021 | 19,014,263 | 19,014,263 | ||
| At 31stDecember 2020 | 18,889,783 | 18,889,783 | ||
| 11. | Debtors | |||
| Dec '21 6 |
Dec '20f | |||
| Other debtors |