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2020-12-31-accounts

Delegated Councillor and Trustee Sister Hilary Brown
Trustees Sister Anna Lee
Sister Catherine
Ryan
Sister Eileen Ryan
Sister Mary McLoughney
Sister Nora Mary Ryan
Sister Kathleen
Curran
The trustees are appointed by the Delegated Councillor,
Charity number 235342
Principal address Flat 14
Kimpton
Court
2 Murrain
Road
London
N4 2BN
Auditor Greaves West &Ayre
17Walkergate
Berwick-upon-Tweed
Northumberland
TD15 1DJ
Bankers Royal Bank ofScotland
42 Hide Hill
Berwick-upon-Tweed
Northumberland
TD15 1AB
Solicitors Pothecary
Witham		 Wetd
70George's Square
London
SW1V3RD
investment advisors U.B.S.Wealth Management (UK) Ltd
2St.James' Gate
Newcastle
upon Tyne
NE4 7JH

Page
Trustees'
report		 1-21
Independent
auditor's		 report 22-25
Statement offinancial activities 26-27
Balance sheet 28
Statement
ofcash flows
Notes to the financial statements 30-45

Current financial Current financial year
Unrestricted Endowment Restricted Endowment Total Total
funds funds funds funds
designated general
2020 2020 2020 2020 2020 2019
Notes
neo wm
Donations
and legacies		 3 336,568 135,024 830 472,422 500,466
Charitable
activities		 4 39,647 253,074 292,721 387,439
investments 5 226,257 212,459 2 438,718 514,878
Other 6 3,025 120,031 2,431 1,660 127,147
Total income and
endowments 605,497 720,588 3,263 1,660 1,331,008 1,402,783
Raising funds 46,027 46,027 92,054 97,564
Charitable
activities		 8 470,310 958,099 45,910 194,155 1,668,474 1,833,445
Other 859 859 5,271
Total resources
expended 516,337 1,004,126 45,910 195,014 1,761,387 1,936,280
Net gains/(losses)
investments		 on 12 246,794 246,794 493,588 2,277,184
Net incomingl
(outgoing) resources
before transfers		 335,954 (36,744) (42,647) (193,354) 63,209 1,743,687
Gross transfers
between
funds		 (365,793) 253,485 53,316 58,992
Net movement in funds (29,839) 216,741 10,669 (134,362) 63,209 1,743,687
Fund balances at 1
January 2020 11,818,713 9,373,166 11,370 5,893,390 27,096,639 25,352,949
Fund balances at 31
December 2020 11,788,874 9,589,907 22,039 5,759,028 27,159,848 27,096,636

Prior financial
year		 Prior financial
year
Unrestricted Endowment Restricted Endowment Total
funds funds funds funds
designated general
2019 2019 2019 2019
Notes E E
Inco
nd endow		 ts from:
Donations
and legacies		 354,782 143,970 1,714 500,466
Charitable
activities		 39,831 347,608 387,439
Investments 267,346 247,099 433 514,878
Total income and endowments 661,959 738,677 2,147 1,402,783
diture o
Raising funds 48,782 48,782 97,564
Charitable
activities		 620,693 973,267 49,850 189,635 1,833,445
Other 5,271 5,271
Total resources expended 669,475 1,022,049 49,850 194,906 1,936,280
Net gains/(losses) on investments
12 1,138,592 1,138,592 2,277,184
Net incoming/(outgoing)
resources before transfers 1,131,076 855,220 (47,703) (194,906) 1,743,687
Gross transfers
between		 funds (352,427) 229,243 53,677 69,507
Net movement
in		 funds 778,649 1,084,4B3 5,974 (125,399) 1,743,687
Fund balances at 1 January 2019 11,040,063 8,288,702 5,395 6,018,789 25,352,949
Fund balances at 31December
2019 11,818,712 9,373,165 11,369 5,893,390 27,096,638

2020 2019
Notes E
Fixed assets
Tangible assets 13 5,759,028 5,893,390
Investments 14 18,693,822 19,872,815
24,452,850 25,766,205
Current assets
Debtors 16 20,253 8,484
Investments 17 1,964,252 907,888
Cash at bank and in hand 869,608 558,890
2,854,113 1,475,262
Creditors: amounts falling due within 18
one year (147,115) (144,831)
Net current assets 2,706,998 1,330,431
Total assets less current liabilities 27,159,848 27,096,636
Designated
funds
Tangible Fixed Assets Fund 5,759,028 5,893,390
Solidarity
& Missions		 Fund 22,039 11,369
Community
Care Fund		 9,589,907 9,373,165
General Fund
UK/IRL Missionary Reality fund 11,788,874 11,818,712
27,159,848 27,096,636

2020 2019
Notes E
Cash flows from operating activities
Cash absorbed
by operations		 22 (685,228) (836,109)
Investing
activities
Purchase oftangible fixed assets (61,379) (70,827)
Proceeds on disposal oftangible fixed
assets 2,387 1,320
Purchase of investments (9,073,316) (6,902,026)
Proceeds on disposal of investments 9,689,536 7,007,541
Investment
income		 438,718 514,878
Net cash generated
from investing
activities 995,946 550,886
Net cash used in financing activities
Net increase/(decrease)
in		 cash and cash
equivalents 310,718 (285,223)
Cash and cash equivalents
at beginning		 ofyear 558,890 844,113
Cash and cash equivalents at end of year 869,608 558,890

asset ove r its expected useful
life, as		 follows:
Freehold Land and Buildings 2% Straight
Line
Leasehold Land and Buildings 2% Straight
Line
Furniture and Fittings 15%Reducing
Balance
Computer equipment 33%Straight Line
Motor Vehicles 25% Reducing Balance

UK/IRL Community Solidarity
&		 Total Total
Missionary Care Missions 2020 2019
Reality Fund Fund Fund
E
Donations and gifts 74,633 975 830 76,438 99,480
Salaries, pensions etc. 261,935 134,049 395,984 400,986
336,568 135,024 830 472,422 500,466
Forthe year ended 31 December
2019		 354,782 143,970 1,714 500,466
Donations and gifts
Donations and gifts 74,633 975 830 76,438 99,480
74,633 975 830 76,438 99,480
Salaries, pensions etc.
State salaries 7,100 7,100 9,527
Retirement pensions 104,607 18,951 123,558 116,791
Social security pensions 139,360 115,098 254,458 258,354
Stipends/Bishop 10,868 10,868 16,314
261,935 134,049 395,984 400,986

4 Charitable activities activities
UKllRL
Missionary Community Total Total
Reality Fund Care Fund 2020 2019
s K
Rents receivable 39,621 39,621 39,621
Retreats 26 26 210
Care fees 253,074 253,074 347,608
39,847 253,074 292,721 387,439
Analysis
by		 fund
Unrestricted funds 39,647 39,647
Designated funds 253,074 253,074
39,647 253,074 292,721
For the year ended 31 December 2019
Unrestricted funds 39,831 39,831
Designated funds 347,608 347,608
39,831 347,608 387,439

UKIIRL Community Solidarity & Total Total
Missionary Care Missions 2020 2019
Reality Fund Fund
Fund
Income from iisted investments 212,123 212,123 424,246 492,940
Interest receivable 14,134 336 2 14,472 21,938
226,257 212,459 2 438,718 514,878
Forthe year ended 31December
2019 267,346 247,099 433 5'I4,878

UK/IRL Community Solidarity 8 Tangible Total Total
Missionary Care Missions Fixed Asset 2020 2019
Reality Fund Fund Fund
Fund
Net gain on disposal of
tangible fixed assets		 1,660 1,B60
COVID-19 Support
grants		 120,031 120,031
Currency exchange
variation		 3,025 2,431 5,456
3,025 120,031 2,431 1,6BD 127,147
For the year ended 31
December 2019
Raising fu nds
UK/lRL Cornrnunity Total Total
Missionary Gare 2020 2019
Reality Fund
Fund
Investment management fees 46,027 46,027 92,054 97,5B4
46,027 46,027 92,054 97,564
Forthe year ended 31 December 2019
Investment management fees 48,782 48,782 97,564

House Care home Other Total Total
expenses expenses expendituref 2020 2019
Depreciation and impairment 194,155 194,155 189,635
Repairs and renovations 3,314 3,314 111,951
Food 69,346 41,905 111,251 119,210
Personal 47,166 27,357 74,523 114,254
House 241,421 119,604 361,025 381,703
Transportation 21,927 420 22,347 29,329
Province 4,163 4,163 14,342
Exterior 4,614 546 5,160 12,319
Personnel 96,294 561,795 658,089 634,909
Charity 10,164 630 10,794 15,489
Worship 20,139 20,139 10,620
Grants to missions 45,910 45,910 47,094
Other charitable expenditure 2,756
518,548 752,257 240,0B5 1,510,870 1,683,611
Share ofgovernance costs (see note
9) 157,604 157,604 149,834
676,152 752,257 240,065 1,668,474 1,833,445
Analysis by fund
UK/IRL Missionary
Funds		 470,31D 470,310
Community Gare Fund 2D5,842 752,257 958,099
Solidarity 8 Missions Fund 45,910 45,910
Designated funds - general 194,155 194,155
676,152 752,257 240,065 1,668,474
For the year ended 31 December 2019
Unrestricted funds 620,693 620,693
Community Care Fund 349,628 623,B39 973,267
Restricted funds 2,756 47,094 49,850
Designated funds - general 189,835 189,635
970,321 626,395 236,729 1,833,445

9 Supportcosts Supportcosts
2020 2019 Basis ofallocation
E
Audit fees 15,180 14,972 Governance
Accountancy, taxation and administration fees 34,140 29,862 Governance
Legal and professional fees and disbursements 5,908 6,857 Governance
Trustees meeting expenses and disbursements 24,278 27,233 Governance
Payments to general level 78,098 70,910 Governance
157,604 149,834


The average
monthly
number
ofemployees
during		 the year was:
2020 2019
Number Number
Employees 45 47
Employment
costs		 2020 2019
Wages and salaries 602,499 577,399
Social security costs 32,774 28,195
Other pension costs 6,831 5,975
642,104 6«,569

Other
Tangible
Fixed Asset Endowment
funds funds
general
2020 2019
Net loss on disposal oftangible fixed assets 859 5,271
859 5,271
12 Net gains/(losses) on investments
Unrestricted Designated Total Total
funds funds 2020 2019
Revaluation ofinvestments 301,070 301,070 602,140 1,807,860
Gain/(loss) on sale ofinvestments (54,276) (54,276) (108,552) 469,324
246,794 246,794 493,588 2,277,184
For the year ended 31
December 2019 1,138,592 1,138,592 2,277,184
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investments deposit
Cost or valuation K
At 1 January 2020
Additions
Valuation
changes
Reallocated
to current asset investments
Disposals		 18,574,772
9,073,3'l6
802,141
(10,035,915)		 1,298,043
181,465
(1,000,000)		 19,872,815
9,254,781
602,141
(1,000,000)
(10,035,915)
At 31 December 2020 18,214,314 479,508 18,693,822
Carrying
amount
At 31 December 2020 18,214,314 479,508 18,693,822
At 31 December 2019 18,574,772 1,298,043 19,872,815
1$ Financial
instruments		 2020 2019
Carrying
amount of		 financial assets
Instruments
measured		 at fair value through profit or loss 18,214,314 18,574,772
16 Debtors
Amounts
falling due		 within one year: 2020 2019
Other debtors
Prepayments
and accrued income		 19,517
738		 8,078
406
20,253 8,484
17 Current asset investments
2020 2019
Unlisted
investments		 1,964,252 907,888

18 Creditors: amounts falling due within one year 2020 2019
Other creditors 147,115 144,831
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others. The significant costs ofthi costs ofthi s unpa id
t		 ime is not q uantified
nor recor		 ded
in the accounts.
22 Cash generated
from		 operations 2020 2019
Surplus for the year 63,209 1,743,687
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (438,718) (514,878)
(Gain)/loss
on disposal		 oftangible fixed assets (801) 5,271
Loss/(gain)
on disposal		 ofinvestments 108,552 (469,324)
Fair value gains and losses on investments (602,140) (1,807,860)
Depreciation
and impairment
oftangible		 fixed assets 194,155 189,635
Movements
in working		 capital:
(Increase)/decrease
in		 debtors (11,769) 19,824
Increase/(decrease)
in		 creditors 2,284 (2,464)
Cash absorbed
by operations		 (685,228) (836,109)

2020 2019f
Donations
and legacies
Donations
and gifts (Reality Fund)		 74,633 94,263
State salaries (Reality Fund) 7,100 9,527
Retirement
pensions
(Reality Fund)		 104,607 98,194
Social security pensions
(Reality Fund)		 139,360 138,559
Stipends/Bishop
(Reality Fund)		 10,868 14,239
Donations
and gifts (CC Fund)		 975 3,503
Retirement
pensions
(CC Fund)		 18,951 18,597
Social security pensions
(CC Fund)		 115,098 119,795
StipendslBishop
(CC Fund)		 2,075
Donations
and gifts (Missions Fund)		 830 1,714
472,422 500,466
investment
income
investment
income (Reality Fund)		 212,123 246,256
Interest receivable
(Reality Fund)		 14,134 21,090
Investment
income (CC Fund)		 212,123 246,256
Interest received (CC Fund) 336 843
Investment
income (Missions Fund)		 428
Interest received (Missions Fund) 5
438,718 514,878
Incoming resources
from charitable		 activities
Rents (Reality Fund) 39,621 39,621
Retreats (Reality Fund) 26 210
Care fees (CC Fund) 253,074 347,608
292,721 387,439
Other incoming resources
Currency exchange
variation
(Reality fund)		 3,025
Government
grants for Covid-19 empty		 beds 85,778
Government
grants for Covid-19 employees		 21,000
Government
grants for Covid-19 job retention
scheme 13,253
Currency exchange
variation
(Missions		 fund) 2,431
Gain on disposal oftangible fixed assets 1,660
127,147
Total incoming resources 1,331,008 1,402,783
Balance Carried Forward 1,331,008 1,402,783

2020 2019
Balance Brought Forward 1,331,008 1,402,783
urces ex d
Costs ofgenerating
funds
Investment
management
costs
Fund manager costs (Reality Fund) 46,027 48,782
Fund manager costs (CC Fund) 46,027 48,782
(92,054) (97,564)
Charitable
activities
House expenses
Repairs and renovations
(Reality Fund)		 3,314 111,951
House expenses: Food (Reality Fund) 41,686 42,078
Mouse expenses: Personal
(Reality Fund)		 40,127 64,054
House expenses: House (Reality Fund) 191,017 191,160
House expenses; Transportation
(Reality Fund)		 19,263 25,245
House expenses; Province (Reality Fund) 4,163 13,982
House expenses: Exterior (Reality Fund) 4,341 11,287
House expenses: Personnel
(Reality Fund)		 550 875
House expenses; Charity (Reality Fund) 7,551 9,204
House expenses: Worship
(Reality Fund)		 694 1,023
House expenses: Food (CC Fund) 27,660 24,258
House expenses: Personal (CC Fund) 7,039 44,446
House expenses: House (CC Fund) 50,404 60,162
House expenses: Transportation
(CC Fund)		 2,664 4,084
House expenses: Province (CC Fund) 360
House expenses: Exterior (CC Fund) 273 1,032
House expenses: Personnel
(CC Fund)		 95,744 199,404
House expenses: Charity (CC Fund) 2,613 6,285
House expenses: Worship (CC Fund) 19,445 9,597
(518,548) (820,487)
Balance Carried Forward 720,406 484,732

2020 2019
E
Balance Brought Forward 720,406 484,732
Care home expenses
Care home expenses; Food (CC Fund) 41,905 52,874
Care horne expenses: Personal
(CC Fund)		 27,357 5,754
Care horne expenses; House (CC Fund) 119,604 130,381
Care horne expenses: Transportation
(CC Fund)		 420
Care home espenses: Exterior (CC Fund) 546
Care home expenses: Personnel
(CC Fund)		 561,795 434,630
Care home expenses: Charity (CC Fund) 630
(752,257) (623,639)
Oonations
(Missions Fund)		 45,910 47,094
Oepreciation
(Fixed Asset Fund)		 194,155 189,635
(240,065) (236,729)
Other resources expended
Currency exchange
variation		 (Missions Fund) 2,756
Loss on disposal oftangible fixed assets 859 5,271
(859) (8,027)
Governance costs
Audit fee (Reality Fund) 15,180 14,972
Accountancy,
taxation
and administration		 fees
(Reality Fund) 34,140 29,862
Legal and professional fees
(Reality Fund)		 and disbursements 5,908 6,857
Trustees meeting expenses
(Reality Fund)		 and disbursements 24,278 27,233
Payments
to general
level (Reality Fund)		 78,098 70,910
(157,604) (149,834)
Net gains on investments
Revaluation
of investments		 (Reality Fund) 301,070 903,930
Profit on disposal of investments
(Reality		 Fund) (54,276) 234,662
Revaluation
of investments		 (CC Fund) 301,070 903,930
Profit on disposal of investments
(CC Fund)		 (54,276) 234,662
493,588 2,277,184
Surplus for the Year 63,209 1,743,687