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|||Page|
|---|---|---|
|Trustees' annual
report|||
|Independent
auditor's
report to|the members||
|Statement offinancial activities|||
|Statement offinancial
position||10|
|Statement ofcash flows|||
|Notes to the financial statements||12|
|The following pages do not form part ofthe financial statements|||
|Detailed statement offinancial activities||22|
|Notes to the detailed statement|offinancial activities|24|
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|Reference a|nd adm|inistrative|details|details||||
|---|---|---|---|---|---|---|---|
|Registered|charity|name|Religious ofMary||immaculate|||
|Charity registration||number|238229|||||
|Principal oNce|||15/16Southwell|Gardens||||
||||London|||||
||||SW74RN|||||
|The trustees|||Sr LAlvares|||||
||||SrCArenaz|||||
||||Sr I M Gregis|||||
||||SrA RTorres|||||
||||SrE E Fable|||||
|Auditor|||Burgess Hodgson||LLP|||
||||Chartered
accountants|||&statutory|auditor|
||||Camburgh
House|||||
||||27 New Dover Road|||||
||||Canterbury|||||
||||Kent|||||
||||CT1 3DN|||||
|Bankers|||National
Westminster|||Bank Pic||
||||88Cromwell
Road|||||
||||London|||||
||||SW74EW|||||
|Solicitors|||Hunters|||||
||||9New Square|||||
||||Lincoln's
Inn|||||
||||London|||||
||||WC2A 3QN|||||
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||Year ended|31 Decem|ber 2021|ber 2021||
|---|---|---|---|---|---|
||||2021||2020|
||||Unrestricted|||
|||Note|funds
6|Total funds
f|Totalfunds
6|
|Income and endowments||||||
|Donations
and legacies||4|326,518|328,518|451,923|
|Investment
income||5|65|66|43|
|Other income||6|5,409,923|5,409,923|7|
|Total income|||5,736,506|5,738,508|451,973|
|Expenditure||||||
|Expenditure
on charitable|activities|7,8|521,300|521,300|476,619|
|Total expenditure|||521,300|521,300|476,619|
|Net income/(expenditure)|and net movement|in funds|5,215,206|5,215,208|(24,646)|
|Reconciliation offunds||||||
|Total funds brought forward|||4,123,690|4,123,690|4,148,336|
|Total funds carried forward|||9,338,896|9,338,896|4,123,690|
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||||2021|2020|
|---|---|---|---|---|
|||||5|
|Cash flows from operating|activities||||
|Net income/(expenditure)|||5,215,200|(24,646)|
|Adjustments
for:|||||
|Depreciation oftangible fixed assets|||19,659|26,320|
|Government
grant income|||(13,660)|(26,935)|
|Other interest receivable and similar income|||(65)|(43)|
|Interest payable
and similar|charges||713|1,122|
|Gains on disposal oftangible fixed assets|||(5,409,792)||
|Accrued expenses|||84|2,898|
|Changesin:|||||
|Trade and other debtors|||(6,618,555)|(569)|
|Trade and other creditors|||(144,422)|135,639|
|Cash generated
from operations|||(6,950,832)|113,786|
|Interest paid|||(713)|(1,122)|
|Interest received|||85|43|
|Net cash (used inyfrom
operating
activities|||(6,951,280)|1'I2,707|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(1,909)|(171,464)|
|Proceeds from sale oftangible assets|||8,280,999||
|Net cash from/(used
in) investing
activities|||8,279,090|(171,464)|
|Cash flows from financing|activities||||
|Government
grant income|||13,600|26,935|
|Net cash from financing
activities|||13,660|26,935|
|Net increase/(decrease)
in|cash and cash|equivalents|1,341,470|(31,822)|
|Cash and cash equivalents|at beginning|ofyear|188,611|220,433|
|Cash and cash equivalents|at end ofyear||1,530,081|188,611|
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|that the pr
Donations|epayment
will lead toa re
and legacies|duction
in future p|ayments
ora c|ash refund.||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|||5|6|E||
|Donations||||||
|Donations|- Provision ofshelter|255,260|255,260|328,260|328,260|
|Donations|- General|43,860|43,860|26,092|26,092|
|Pensions|Income|, 13,818|13,818|12,928|12,928|
|Laundry
Chai gas||(80)|(80)|(1,203)|(1,203)|
|European.|Province|||58,911|58,911|
|Grants||||||
|Government
grant income||13,660|13,680|26,935|26,935|
|||326,518|328,518|451,923|451,923|
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|Other inc|om|e|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020|
||||||E|8|6|9|
|Gain on disposal oftangible||||fixed|||||
|assets held||for charity's
own use|||5,409,792|5,409,792|||
|Other income|||||131|131|7|7|
||||||5,409,923|5,409,923|7|7|
|Expenditure||on charitable||activities by fund type|||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020|
||||||E|6||6|
|Provision of||hostel and support|||||||
|services|||||164,518|164,518|225,042|225,042|
|Advancement||ofthe Roman||Catholic|||||
|Religion|||||46,932|48,932|||
|Support costs|||||309,650|309,850|197,033|197,033|
||||||521,300|521,300|476,619|476,619|
|Expenditure||on charitable||activities by activity type|||||
||||||Activities||||
||||||undertaken|Support|Total funds|Total fund|
||||||directly
E|costs
E|2021
f|2020
6|
|Provision
df hostel and|||support||||||
|services|||||164,518|142,124|308,642|407,229|
|Advancement||ofthe Roman||Catholic|||||
|Religion|||||46,932||46,932|54,544|
|Governance||costs||||167,726|167,726|14,846|
||||||211,450|309,850|521,300|476,619|
|Analysis ofsupport costs|||||||||
|||||||Support|||
|||||||costs|Total 2021|Total 2020|
|||||||8|8|8|
|Governance|costs|||||167,726|167,726|14,846|
|Wages and|salaries|||||11.1,462|111,462|149,665|
|Employer's|Nlcs|||||4,170|4,170|5,211|
|Telephone||||||18,873|18,873|20,108|
|Office costs.||||||897|897|1,049|
|Shoes and|clothes|||||152|152|447|
|Crockery||||||||28|
|Health||||||4,106|4,106|3,320|
|Bank charges||||||713|713|1,122|
|Books, magazines
and|||newspapers|||1,331|1,331|1,208|
|Support costs||- Health|&safety|||420|420|29|
|||||||309,850|309,850|197,033|
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||Net income/(expe|nditure)
is s|tated after charging/(crediting):|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||8|8|
||Depreciation of|tangible fixed|assets|19,859|26,320|
||Gains on disposal oftangible||fixed assets|(5,40$,792)||
||Foreign exchange differences||||261|
|11.|Auditors
remuneration|||||
|||||2021|2020|
|||||8|F|
||Fees payable for the audit of||the financial statements|2,400|2,000|
||Fees payable to|the charity's|auditor and its associates for other services:|||
||Other non-audit|services||1,580||
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|Staff costs|||||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed as|follows:|
||||2021|2020|
||||8||
|Wages and salaries|||10$,$36|147,796|
|Social security costs|||4,170|5,211|
|Employer contributions|to pension|plans|1,526|1,869|
||||115,832|154,876|
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|14.|Tangible fixed asse|ts||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Land and|Fixtures and||Motor||||
||||||buildings||fliting s|vehicles|Equipment||Total|
||||||8|||K|8||8|
||Cost|||||||||||
||At 1 January 2021|||4,051,724|||111,226|12,285|383,661||4,558,896|
||Additions||||1,500||||409||1,909|
||Dispossls|||(2,869,992)|||(22,487)|(12,285)|(67,188)|(2,971,952)||
||At 31December 2021|||1,183,232|||88,739||316,882||1,588,853|
||Depreciation
At 1 January 2021||||||97,521|12,163|353,692||463,376|
||Charge for the year||||||2,726||17,133||19,859|
||Disposals||||||(21,495)|(12,163)|(67,087)||(100,745)|
||At 31December 2021||||||78,752||303,738||382,490|
||Carrying amount|||||||||||
||At 31December 2021|||1,183,232|||9,987||13,144||1,206,363|
||At 31December 2020|||4,051,724|||13,705|122|29,969||4,095,520|
||The Trustees
regularly||review||the condition||of ths property.|In view of the ongoing||maintenance||
||work invested
in the|functional|||assets the Trustees
believe|||that a depreciation
charge|||would
not|
||be significant. The carrying|||value ofthe||property
in the accounts is considered
to be||||appropriate.||
|15.|Debtors|||||||||||
||||||||||2021
f
~||2020
F|
||Other debtors||||||||6,619,124||569|
||The debtors above include|||the following||amounts
falling due||after more than one year:||||
||||||||||2021||2020|
||||||||||8||F|
||Other debtors||||||||6,619,124|||
|16.|Creditors: amounts|falling||due within||one|year|||||
||||||||||2021||2020|
||||||||||6||E|
||Accruals and deferred||income||||||5,782||5,698|
||Hostel Room Deposits||||||||8,700||5,801|
||Other loans||||||||||147,540|
||Other creditors||||||||2,190||1,971|
||||||||||16,672||161,010|
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||Unrestricted
funds||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||At|
||||||At||31December||
|||||1|January 2021|Income|Expenditure|2021|
||||||6|6|6|6|
||General funds||||4,123,690|5,736,506|(521,300)|9,338,896|
|||||||||At|
||||||Rt||31 December||
|||||1|January 2020
6|Income
f|Expenditure|2020|
||General funds||||4,148,336|451,973|(476,619)|4,123,690|
|20.|Analysis ofnet assets between|||funds|||||
||||||||Unrestricted|Total Funds|
||||||||Funds
f|2021
6|
||Tangible fixed assets||||||1,206,363|1,206,363|
||Current assets||||||8,149,205|8,149,205|
||Creditors less than|1|year||||(16,672)|(16,672)|
||Net assets||||||9,338,896|9,338,896|
||||||||Unrestricted|Total Funds|
||||||||Funds
f|2020
f|
||Tangible fixed assets||||||4,095,520|4,095,520|
||Current assets||||||189,180|189,180|
||Creditors less than|1|year||||(161,010)|(161,010)|
||Net assets||||||4,123,690|4,123,690|
|21.|Analysis ofchanges||in net debt||||||
|||||||At||At|
|||||||1 Jan 2021|Cash flows
F|31Dec2021
f|
||Cash at bank and in|hand||||188,611|1,341,470|1,530,081|
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||Year ended 31 Dece|mber 2021|||
|---|---|---|---|---|
||||2021|2020|
||||8|6|
|Income and endowments|||||
|Donations and legacies|||||
|Donations - Provision ofshelter|||255,260|328,260|
|Donations - General|||43,880|26,092|
|Pensions
Income|||13,818|12,928|
|Laundry Charges|||(80)|(1,203)|
|European
Province||||58,911|
|Government
grant income|||13,660|26,935|
||||326,518|451,923|
|Investment
Income|||||
|Bank interest receivable|||65|43|
|Other income|||||
|Gain on disposal oftangible|fixed assets held for charity's|own use|S,409,792||
|Other income|||131||
||||5,409,923||
|Total income|||5,736,506|451,973|
|Expenditure|||||
|Expenditure
on charitable|activities||||
|Food and provisions|||16,8$3|21,486|
|Wages and salaries
Employer's
NIC '|||109,$)8
4,170|147,796
5,211|
|Pension costs|||1,526|1,869|
|Rates and water|||3,$70|3,461|
|Light and heat|||49,571|72,195|
|Repairs and maintenance|||56,107|83,679|
|Insurance|||14,734|13,175|
|Travel costs|||14,718|10,740|
|Legal and professional fees|||167,726|14,565|
|Telephone|||18,873|20,108|
|Other office costs|||897|1,049|
|Health and safety|||420|29|
|Depreciation|||19,859|26,320|
|Other interest payable and similar charges|||713|1,122|
|Foreign exchange
gain/loss||||261|
|Studies and conferences|||6,723|6,276|
|Other charitable
donations|||29,914|41,297|
|Books, magazines
and newSpapers|||1331|1,208|
|Staffwelfare|||3,219 .|4,752|
||||521,300|476,619|
|Total expenditure|||521,300|476,619|
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||Ye|ar ended|31 December|2021||
|---|---|---|---|---|---|
|||||2021|2020|
|||||5|5|
|Expenditure
on charitable
activities||||||
|Provision ofhostel and support services||||||
|Acdv/Ves
undertaken
dlrectltr||||||
|Hostel - Food and provisions||||16,893|21,486|
|Hostel - Rates and water||||3,970|3,461|
|Hostel - Light and heat||||49,671|72,195|
|Hostel - Repairs and maintenance||||56,107|63,679|
|Hostel - Insurance||||14,734|13,175|
|Hostel - Depreciation||||19,859|26,320|
|Hostel - Other charitable
expenditure||||317|421|
|Hostel - Cleaning||||3,067|4,305|
|||||164,518|225,042|
|Support costs||||||
|Support Hostel - Wages snd salaries||||109,936|147,796|
|Support Hostel - Employer's
NIC||||4,170|5,211|
|Support Hostel - Pension costs||||1,528|1,869|
|Support Hostel - Telephone||||18,873|20,108|
|Support Hostel -ONce costs||||897|1,049|
|Support Hostel - Health 8 safety||||420|29|
|Support Hostel - Bank charges||||713|1,122|
|Support Hostel - Crockery|||||28|
|Support Hostel - Health||||4,106|3,320|
|Support Hostel - Books, magazines||and newspapers||1.331|1,208|
|Support Hostel - Shoes and clothes||||152|447|
|||||142,124|182,187|
|Advancement
ofthe Roman Catholic Religion||||||
|Activities undertaken
directly||||||
|Advancement
-Travel costs||||14,718|10,740|
|Advancement
-Studies and conferences||||6,723|6,248|
|Advancement
-Other charitable|donations|||25,4$1|37,556|
|||||46,$32||
|Governance costs||||||
|Governance
costs - audit fees||||2,000|2,000|
|Governance
costs - legal and other professional|||fees|165,726|12,565|
|Governance
costs - foreign exchange gain/loss|||||261|
|||||167,726|14,846|
|Expenditure
on charltablsactivtties||||521,300|476,619|