2021-12-31-accounts

Year Ended	31 Dece	mber 2021
Contents			Page
Report ofthe	Trustees
Independent	Examiner's	Report to the Trustees	12
Statement of	Financial	Activities (SOFA)	13
Balance Sheet			14
Notes forming	part ofthe financial statements		15

Year Ended 31	December 2021	December 2021	December 2021
					Restricted	Unrestricted	Total	Total
				Note	Funds	Funds	2021	2020
							E	K
Income
Donations and legacies						71,216	71,216	13,391
Income from charitable activities:
Parish, stipend and	similar		income			24,107	24,107	28,760
Rental income						4,667	4,667	7,232
Investment income						30,485	30,485	29,331
Other incoming resources
Total income						130,475	130,475	78,714
Expenditure
Expenditure on charitable		activities:				157,270	157,270	177,012
Total expenditure						157,270	157,270	177,012
Net income I(expenditure)			for the year
before investment	gains/(losses)					(26,765)	(26,795)	(98,298)
Gain /(loss) on investments						122,482	122,482	(163,203)
Net incomel (expenditure)			and
net movement in	funds for the year					95,687	95,687	(261,501)
Reconciliation of	funds
Total funds at 1 January 2021						2,043,861	2,043,861	2,305,362
Total funds at 31	December 2021					2,139,548	2,139,548	2,043,861

							2021			2020
					Notes
Fixed assets
Tangible								846,374		878,879
Investments								881,752		756,467
							1,728,126			1,635,346
Current assets
Debtors - due	after		one year		10	501,005			499,005
Cash at bank	and	in hand			11	13,517			12,610
						514,522			511,615
Current liabilities
Creditors: amounts			falling due		within
one year					12	(3,100)			(3,100)
Net current assets								511,422		508,515
Total assets	less	current		liabilities			2,239,548			2,143,861
Creditors: falling due after
more than one year							(100,000)			(100,000)
Net assets							2,139,548			2,043,861
The funds of	the	charity:
Unrestricted	funds
General fund							2,139,548			2,043,861
Total charity	funds						2,139,548			2,043,861

Donations and legacies
	Restricted	General	2021	2020
	Fund	Fund	Total	Total
		E		K
Donations		47,450	47,450	13,391
Legacies		23,766	23,766
		71,216	71,216	13,391

Incoming resources from a	ctivities in furtherance oft	he charity's	objects
	Restricted	General	2021	2020
	Fund	Fundf	Total	Total
Parish income		7,341	7,341	3,680
Stipends		4,184	4,184	1,442
Stole Fees		1,016	1,016	3,101
Chaplaincies		11,566	11,566	20,537
		24,107	24,107	28,760

		Restricted	General	2021	2020
		Fund	Fundf	Total	Totalf
Bank interest			950	950	1,476
Dividends	and interest on listed investments		29,535	29,535	27,855
			30,485	30,485	29,331

r Ended 31 December 202	r Ended 31 December 202	1
Costs of prayer, chaplaincy		and pastoral	work
			Restricted	General	2021	2020
			Fund	Fund	Total	Total
					E
Salaries				29,647	29,647	23,256
Fathers' allowances				6,970	6,790	9,610
Office Costs				3,031	3,031	2,877
Food				14,324	14,324	15,846
Chapel and books				367	367	547
Advertising
Travel				9,790	9,790	1,400
Motor				2,610	2,610	3,309
Household				2,417	2,417	3,251
Rates				1,307	1,307	1,511
Energy				4,122	4,122	5,065
Repairs and	maintenance			8,206	8,206	3,119
Insurance				14,778	14,778	28,723
Donations				3,734	3,734	5,816
Sundries				12,014	12,014	11,983
Retreat
Depreciation				32,505	32,505	33,367
St Rita's Centre
Bank charges						122
Cost offunerals						834
Other				7,208	7,208	20,425
Governance	Costs (See Note 7)			4,240	4,240	5,951
Total expenditure				157,270	157,270	177,012

Governance	costs
			Restricted	General	2021	2020
			Fund	Fund	Total	Total
					E	K
Accountancy	services (incl. VAT)			1,800	1,800	1,800
Independent	examiner's	fee (incl.VAT)		1,300	1,300	1,300
Legal fees				1,140	1,140	2,851
Total expenditure				4,240	4,240	5,951

Tangible F		ixed ass	ets
										Fixtures
						Freehold			Motor	and
						property			vehicles	equipment	Total
											K
Cost
At 1 January		2021				1,471,000			70,109	65,934	1,607,043
Additions
At 31 December 2021						1,471,000			70,109	65,934	1,607,043
Depreciation
At 1 January		2021					607,220		61,940	59,004	728,164
Charge for year							29,420		2,043	1,042	32,505
At 31 December 2021							636,640		63,983	60,046	760,669
Net book amounts
At 31 December 2021							834,360		6,126	5,888	846,374
At 31 December 2020							863,780		8,169	6,930	878,879
The deemed		cost offreehold		properties		comprises
18Cheniston		Gardens									850,000
St.Anthony's		Church	and former Presbytery				and Car park		Mill Street,	Ottery St Mary,	Devon
											225,000
St.Austin's	Priory and		Church,		Cadleigh,	Ivybridge,		Devon			356,000
Improvements		at 18Cheniston			Gardens	-2008					40,000
											1,471,000

			Market	Additions	Movement	Market
			Value 1Jan		in year	Value 31
			2021			Dec 2021
Quoted	Investments					E
M 8 G	Charifund	Income units	416,036		125,538	541,574
M 8 G	Charibond	Income shares	186,366		(3,056)	183,310
			602,402		122,482	724,884
Other Investments
National	Savings		145,057			145,382
Lloyds	High Interest Account		9,008			11,486
			154,065			156,868
Total			756,467			881,752

			Market	Additions	Movement	Market
			Value 1Jan		in year	Value 31
Quoted	Investments		2020f			Dec 2020f
M 8 G	Charifund	Income units	577,938		(161,902)	416,036
M 8 G	Charibond	Income shares	187,667		(1,301)	186,366
			765,605		(163,203)	602,402
Other Investments
National	Savings		144,700			145,057
Lloyds	High Interest Account		69,097			9,008
			213,797			154,065
Total			979,402			756,467

Debtors —due after more	than one year	2021	2020
			F
Loan to Order ofAugustinian	Recollects - St Rita's Centre charity	501,005	499,005
		501,005	499,005

	During the year, the interest free loan to the Order ofAugustinian	Recollects StRita's Centre (aconnected	Recollects StRita's Centre (aconnected
	charity) increased by E2,000 to F501,005. This will be repaid as soon as funds are available		to do so.
11.	Cash at Bank and in Hand	2021	2020
	Current accounts	13,517	12,610
12.	Creditors: Falling Due Within One Year	2021	2020
	Due to Hispanic Chaplaincy
	Accruals	3,100	3,100
		3,100	3,100
13.	Creditors: Falling Due After More Than One Year	2021	2020
	Building loan	100,000	100,000