| ~Pa e | ||
|---|---|---|
| Legal and Administrative | Information | |
| Report ofthe Trustees | 2-5 | |
| Independent Examiners' |
Report | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 9-13 |
| FORTHE YEAR ENDED | 31stDECEMBER 2020 | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Income from: | Notes | E | E | |
| Salaries and Pensions | 155,215 | 154,307 | ||
| Mass Stipends, Stole Fees, Supply and Dues | 56,315 | 113,137 | ||
| Donations, Bequests and Legacies | 3,098 | 502,386 | ||
| Investments | 13,631 | 5,955 | ||
| Other | 17,069 | 21,939 | ||
| Total Income | 245,328 | 797,724 | ||
| Ex enditure on: |
||||
| Investment Management |
Charges | 12,508 | 11,798 | |
| Grants | 101,791 | 2,000 | ||
| Support Costs | 314,930 | 394,258 | ||
| Governance Costs |
8,127 | 8,097 | ||
| Total Ex enditure | 437,356 | 416,153 | ||
| Gains on Investments | ||||
| Realised Gains | 759 | 26,464 | ||
| Unrealised Gains |
241,985 | 167,899 | ||
| Net Gains on Investments | 242,744 | 194,363 | ||
| Net Movement in Funds | 50,716 | 575,934 | ||
| Reconciliation offunds: | ||||
| Total Funds Brought Forward | 2,899,779 | 2,323,845 | ||
| Total Funds Carried Forward | 2,950,495 | 2,899,779 |
| BALANCE SHEETAS | AT 31stDECEMBER | 2020 | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Notes | E | E | ||
| Fixed Assets | ||||
| Tangible Fixed Assets | 233,444 | 226,920 | ||
| Investments | 2,176,398 | 1,932,611 | ||
| 2,409,842 | 2,159,531 | |||
| Current Assets | ||||
| Sundry Debtors | 63,815 | 20,509 | ||
| Cash at Bank and on Deposit | 507,303 | 732,684 | ||
| 571,118 | 753,193 | |||
| Creditors: Amounts |
Falling | |||
| Due Within One Year | 10 | (30,465) | (12,945) | |
| Net Current Assets | 540,653 | 740,248 | ||
| Total Assets Less Current Liabilities | 2,950,495 | 2,899,779 | ||
| Funds | ||||
| Unrestricted Funds |
2,950,495 | 2,899,779 | ||
| Approved by the Trustees on 12th October | 2021 | |||
| Signed on Behalf ofthe Trustees |
| 2020 | 2019 | |
|---|---|---|
| Other Income | E | |
| Parochial Assessment | 16,758 | 16,758 |
| Sundry Income | 311 | 5,181 |
| 17,069 | 21,939 |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | |||
|---|---|---|---|---|---|---|
| FOR | THE YEAR ENDED 31stDECEMBER 2020 | |||||
| 2020 | 2019 | |||||
| 3. | Grants | E | E | |||
| Vincentian Volunteers |
2,000 | 2,000 | ||||
| Irish Region —Congregation |
ofthe Mission | 99,791 | ||||
| 101,791 | 2,000 | |||||
| Cost ofSustenance | and Maintenance | ofConfreres | 100,401 | 116,978 | ||
| Ministry Costs | 16,783 | 12,034 | ||||
| Formation Costs | 24,012 | 41,663 | ||||
| Premises Costs | 67,517 | 96,760 | ||||
| Travel Costs | 19,616 | 25,663 | ||||
| Staff Costs | 52,988 | 58,836 | ||||
| Cemetery Expenses | 3,460 | |||||
| Funeral Expenses | 4,081 | 12,142 | ||||
| Miscellaneous Support Costs |
29,532 | 26,722 | ||||
| 314,930 | 394,258 | |||||
| 5. | Governance Costs |
|||||
| Professional Fees |
8,127 | 8,097 | ||||
| 6. | Net Movement in | Funds | ||||
| This is stated after | charging:— | |||||
| Accountants' Remuneration |
2,775 | 2,775 | ||||
| Depreciation | 1,476 | 1,476 | ||||
| 7. | Staff Costs |
| Residential | |||
|---|---|---|---|
| ~Pro )erty | Motor | ||
| Cost | Vehicles | Total | |
| Cost | |||
| At 1stJanuary 2020 | 223,968 | 90,234 | 314,202 |
| Additions | 8,000 | 8,000 | |
| At 31stDecember 2020 | 223,968 | 98,234 | 322,202 |
| D~ereciation | |||
| At 1stJanuary 2020 | 87,282 | 87,282 | |
| Charge for the Year | 1,476 | 1,476 | |
| At 31stDecember 2020 | 88,758 | 88,758 | |
| Net BookValues | |||
| At 31stDecember 2020 | 223,968 | 9,476 | 233,444 |
| At 31stDecember 2019 | 223,968 | 2,952 | 226,920 |
| FOR | THE YEAR | ENDED | ENDED | 31stDECEMBER 2020 | ||||
|---|---|---|---|---|---|---|---|---|
| Cost/ | Fair | Cost/ | Fair | |||||
| Valuation | Value | Valuation | Value | |||||
| 9. | Investments | 31/12/20 | 31/12/20 | 31/12/19 | 31/12/19 | |||
| Government | Securities | 455,166 | 503,659 | 398,198 | 429,367 | |||
| Equity Securities | 1,262,565 | 1,640,052 | 1,106,318 | 1,405,296 | ||||
| Cash | 32,687 | 32,687 | 97,948 | 97,948 | ||||
| 1,750,418 | 2,176,398 | 1,602,464 | 1,932,611 | |||||
| 2020 | 2019 | |||||||
| 10. | Creditors | f. | E | |||||
| Amounts | Fallin | Due Within One Year | ||||||
| Expense | Creditors | 26,300 | 9,800 | |||||
| Sundry Loans | 4,165 | 3,145 | ||||||
| 30,465 | 12,945 |