RF.GISTERED CHAIUTY NUMBER: 241963 orl of ihe Trusttts xnd Audiied Fin4ncial St*tement5 for ihe Year Ended 31 December 20211 for lonifort Ilissionari Soclcti. Towm & Foriw Chanered Accounlanls & Stsiuiory Auditors Corner¥%'ay5 House School Lane Ringwood Hampshire B1124 ILG 111 17V.
Monttort Missionarv Socie CDnteDt5 of the Financ for thc Year F.Trded 31 al Siltmenls e£embcr 21120 P4gc Rtwrt of the Trllstees Repurt ¢bf the IDdependenl ,luditvr5 Stat¢meTrt of Financial AdiTrilits Stalemcnl of Financial P05ili&n rsotes io Ihe Finnci•l Statements 9 10 14 Dtt*iltd Statement ol Financial Actiiities 15 10 16
Montfort Ml55ion4r Socie ort uf the Trustei¥S for the Year Tr-nded 31 D¢r¢mber 2020 'rhe trustees present iheiT report with the financial 8lc2iement8 of the charity for ihe year ended 31 tkcember 2020. The ITusle¢s have adopied Ilie provisions of AccounlinbT and Reporiinb by C'hariiies.. .%ialcnicni of Rccoinniendcd Prfteiice applicable lo LliariliL% preparing) ilieir ac¢ounl% in accordaiice with the Financial Re)llIng Siandard applicablc in th¢ UK and Ilepublic of Ireland IFRS 1021 {elleciiN'L l January ?{1191. Tlie Muiiifon Missionary Society Is an inl¢rnaljaii2L I relibTiOU% order with a General t)elegalion in Cjrcai Ilrilain and Ireland. Tlie Ciijieral Delebydr lion is adminislered by IhL DelegJ£lli£ili Leader logieihtr ii'iili d LuuIiLiI Lon.%i%liiib? ol. IhrLL C'()Iincillors. all of wli()Iii should h¢ Tru4lee%. Tlie DeltrbTuIiLin Leadei lind Iii4 ('i)uii¢il ar¥ tlecied by iiieiiiber% of Il)e SLKiLly lor a ILn Lleglliions's cxciu%ively chJrilabl¢ aLlivilies, well hiildingi 118 cisiels. CTrIIJI.'C-'I'IVTr:% ANI) ACI'IVI'I'IF.S Iiiid liLlpitibt in hi)Ili Ilic spiriliiAI and iniiicrilll iVLllt)re of pci)plc, 'l-hc principal urco% in whiLh the Chariiy 1% involved arc scl (Trill bcliiw. l.TlIL Pasioriil C LnlTC5 rLlrL411s, COLifscs and guidJii¥c. AlIliouuTh wc liavc dLLfLi1d in niiiiibL Th, Ilie CicnL'rJl D¥l¢g£21ion uf GrLal Briillin lind IrLldiid siill lia% ()nc ii?¥iiibcr working -1. ()IiirLiich Work INANC'IAI. IITr:I'I I.'II' IiiLiiiiiiiib rLsc)iii'¥i% i)I'L441,4.$2 sliowcd 4in dccr¢i£ %L ()I'L.I{),5$2 conip%ryTcd witli 201(). Resourccb cxpciidcd o1.£6$9,¥27 d¥¢rca.%¢d by £98,9.39 coii)tMrcd with 2019. Nel 104scs oil invc51incnls wcre £4.18 l LvnipArLd with giains of£21.41 (i in 2019. Ncl LiulbJoin¥ r¥sourL¥ts wirc Ihii% £222,756. ab?ainsl ncl OillbToiny r¢50uriLs tsl. L256,22(? in 21119. Invcsimcn¢s held al Ihc ¢nd of Ihe ycar iotallLd £1,1SY,71 (1 12019 - LI.-127,9(?01. Incomc froiii invc51menis (both listcd and unlislLdl iotollcd £31.00312019 £190.10(1l. FU"I'URE PLANS It is anticipalcd Ihdl 2022123 will largely coniinue the Work pCrforM¢ itl 2020 in thL areas of support of ihc mcmb¢rs and Ihcir n)Ibbion work. Page I
Montfort .lli55ioD*r . Socit ort ofihe Trustees for the l'ear F.nded 31 December 2020 STRUC'I'LIRE, GUI'ERNAIYCE AlD I11AN.4GF.IElT Governinx dv¢umin¢ -I"he chariiv is conliolled by its governing documeni. a deed of irnst and constilutes an unincotporaied chariiy. Or%#ni¥4tional struttllre Thc nun)ber ol IhLlSe adN)inisiering is fotsr Iilie Iklegalion Leader and his council). The members of ihe Del¢gaii4)n C One11 are Tru%tee% of ihe Charii}'. as ihe Council is r¢5ponsible for adniinisiering ihe General DeleLyalLOll. li 15 also re%)n$¢bIL 10 Ihe Provincial Ch2L pier. wliich is also elected by ihe meinber% of Ilje Delegaiion. Ir one of ihe tnetnber5 of Ihe C'L)uncil dieq duiing his ierni of offiLe Ihe Cieneral Delegalion replaces him. The General DelegTaiion Council consist or.. Rei,. Father John K FIn Rei,. Faihcr t)e8mond Connolly RTr:Tr.&.'RTr-'cfr. AND ADMlTrq'lS-rK.4TIVF. DF.TAII.S Registered Chariti. nurnber 24196.1 Principal address si. Jo%LpIIs ¥ L}'ndliurs1 Ri)add Ashursl Southatnplon H41mps1iirL S040 7DU Trustte5 Rei.. Fr. J K Fl)'nn Rei,. Fr. l) J l.. C'onnolly Rcl.. J P Brady A W Murpliy Auditur5 T().17 &. l.-oresl ChJrtirLd Aecountanls & Sialiilory Aiidit015 C()mL'lW'aS'S House SLliool Lane Rinbiwood Hainp%liire BH24 ILG RESERVES POI.ICI' Thc c()IniiiiiniLnl Iv proi'ide for ihe carc of nn)be[S of Ihe General tklegaiion in st¢kn¢ss and old agc has profound impllcaiions for the finances of ihe Sucieti.. Mcmbcrs of ihe General tklcgaiioTr ha&'c all takcn a VO of poveriy M'hich means Ihai all rights io asscls and incollie have bcen gifven up. gi¢n¢rally in favour of the Geiieral Delegation. Where tncmbcr5 carn a salary, %tipcnd or pcnsion this is paid into ihe chariiabl¢ irnsl undcr a dced of covenanl. In mvsl case5 mcmbcr5 have devo(ed the wholc of Ihcir working liyes to the General Delegaiion and ar¢ dcpcndcnt upon it for all their IcmrM)ral nc¢ds. Alihough Tnernbcrs in%"ariably continue io pcrforni charitable WOTk long pasi nomLqI reiircmcnt ag¢, if Ihcy are health!. cnough to do 50. the w.ork is often JM)t remun¢raLtN'¢ and Ihe General Delegalion mu51 provide for thcir vpk¢¢p and in wme casis nur%ing care. Thc lotal funds of the ¢hwi¢y ai a liiLl¢ under £4m. The Truslces ¢on5ider this is suftieicnt for the Socieiys fuiure nced%_ Page 2
Montfort Mis$ioDar Re rt of the Trustees for the l'ear L Thded 31 December 21120 STATEIENT UTr TRUSTTr'I-%' RF.SP())SIBILI"I"ILS The trusi¥L% are responsible for preparLn¥ ihe RLPOrt of the Truslees aTMI ihe financial 5talernents in accordance wqth applicable law and United Kingdom Accouniing Siandards (United Kingdom Generally Accepied Accounling Praclice). The law, applicable lo charilies in Englartd and Wales. Ihe Chariiies Acl 2011. Charily (Accounts and Reports) Re¥ulalions 2008 and Ihe pro%'ision% of ihe trust deed requires Ihe tnlet5 lo prepare financial sialeineni% for eacli financial year wliich 7iTre a Ime and fair view of Ihe slaie of atTairs of ihe charily and of ihe incon)iog rewur¢¢s and applicalion ol- resource%, including Ilie income drtd eipendiiure. of Ihe chariiv for thai period. In preparing ihose financial slaien)enis. Ihe iru%iL¢% are required to seleLI suiiable accounting policies gnd then apply then) consistently- ob%eTh'c the ineihods and principle> in the Chariiv SORP: nuke judg¥mcnls and eslimale5 thai are reOrtable and prudent: prep<lre IliL financial stsienKnis on ihc going concern ba%1.% iinless li is inappropriate 10 presuJI that the chaTjly H'ill continue in bii.%iness. Thc truslccs are rcstx)nsiblc for k¢¢ping prO[r accounling rec()rd5 wlbich disclosc '1[h r&4sonahl¢ accuracy al any tiiiic ihe rinancial position of thc Chi rily and lo ¢nahlc Ih¢m lil cnsurc Ihai the financial sialcnKn15 comply w'ith thc Chariiics Act 2Q I i. IIIL C'haritv IAccouni% and Report51 Rcgulalion5 2008 and the pn)i'isions of thc Irusi decd. Tlicy ale also rc%ponsit¥le ror %afc¥uarditig Ihc assets of the charity and hcncc for takÈng reasonable ¢pS for ihc pr¢i'cntion and dclection of frdiid and oilier itrebjulariliLs. ApprovLxl by ordcr of tlic board of trustees on signcd on ils bclialfby.. cv. Fi. D C'.on olly- Trusi Page 3
Re
rtofthe Inde
endeNt..%uditors to the Trustees of
1oN(fort %li55iuna
So¢iLtv
()pinion
We hai'e a1lIed the financial sthiements of Monifon Mi%sionary Society {Ihe 'charily') foi Ihe year ended
31 Deccn)ber 20?U which compri8e ihe Siaiemeni of F"inancial Aciii iiies. Ihe SiaieTnenl of F"inancial Position and ntble8 10
the financial %taleni¢nls, including a summary of significant accoiiniing lI¢Je. The financial rcponing frai)iewoTk ilial ha
been appljed in Iheir preparaiion is applicable law and Uniied Kingdom Accounling Siandard% (Uniied KinbTdoTh Gener
ort of ibe Indt endeni ..ludltor5 to the Trnstees Lir llontfori Ilissionari So¢ieli' Rc5P0115ibilities of Irus¢tey A% explained more fully in the Siaiemeni of Trnsiees. ResW)n%ibiliiies. the inL%i¢es ar¢ respon%ible for Ihe preparalioii of the rinancial sialLm¢nls which gli'¢ a Irue and fair view. and foi such inleTnal control as ihe iru.%iees deierniine 1% necesary io enable the preparaiion of financial siaieineniq ihai are frec froni molerial inis%Lqicinenl, whether due lo fraud or error. In preparing Ihe financial slaiements. the trustees are responsible lor aqe&sing ihe charli8 ability lo ¢onlinu¢ a% a going con¢Lrn. disclosingi. a.% applicable. niaiiers relaled lo going Concern and using the going concern ba%1% of accounting unle$8 the Irusiees eiiher iniet)d its liquidaie chariiy or 10 ¢¢as¢ operdiions. or hai'e no reali5lic aliernalive bul lo du so. C)ur ri'spon%ibilitii'¥ for the audil uf ihL. financial 51alin(S VL IicllL' .¢11 JPPllllll¢d ¢L% audiii)r% uikl¥f S¥'¥liUn 144 of lh¢ Cliarities Aci 2011 aTMI report in accordance with ihe ALI and rL.Icv¢2nl TcgTuIL21iL)n4 Iiidde ()[ havinbj etTLxI Ihereundtri. Oiir (sbjeciivLq cire 14) obiain reawnable assurance aboui wheihcr lh¢ financial stalen1¥ a% a wliole ure flee fruin INierial iiii%%Iui¢iiiLiII, i%'heiher duL' l(} fnLI(l or em)r. and ILI i%4IIL a Rl}n of Ilie liidcpendcni jitOrI th81 includ¢s iiur iipini()ii. il%l)nllble s%iifiinLe is high ILI'el ol- 2¢ ssurnncc, bui is noi a guarLinlLY lh11 ali dimlil £(InduciLd in aLci)rdancc willi IqA IIIKI .111 iilw'av¥ d¢ieLI cl l)kllLfii11 mi%%iaieineni en li cxisis. Mik%lai¢iin1l C4in arisc froill fraud (Dr crr()I lind &rL Lonsidercd ll11 ILricil if. indii'idiiiilly ()[ in Ihe iiggregaic. ihcy could r¢asvnJhly bc ¢xrK¢l¢d lo iTrtlucncc the cc()ni)IkniL dLLi%ions ol-U%CT$ 1gk¢n on lh¢ basis of thcs¢ finan¢iJl 51alciMenls. IrrLgTriilariliLs, Inclu(linbP Ir4111d. arc in%141TrL¢S of n()n-coiiipliancL 'ITh law4 aiid rtgtulaiic)11s. 11 L d¢%igyn i)roccdiirc% li) liiic .1(1) L)iir ri4piiiisihiliiiL%. c)uiliti¥d ab(>i'¢, li) d¢lt IiialLrilll in181alcl715 in rcspcLI ()f irTLbiulariiiL%. iiicludin8 Iraud. TIIL LxtLIii 10 ivliiili i)Iir prtiLLiJurL% JfL Lapiil)li lil.di¢(Ll1[11 irrcgulariiiLs. iiilludinb Iraud is dLIallL bcl()w'. WL ()biAiriL(l an Iiiidcr%lfjinding of Ihc legDal and &TUlatOry frdm¢works Ilial arL applicable 10 Ihe eniiiy and dLILriiiinL.d 111111 111¢ IllL)%l %lbTnifJclnI rL IIIusL Ihal rel71L IL) ilie C'lkwiiies Aci 2011 and FR% 102. Wc a.%se%scd Ihc risks of maierial missiai¢mcni in rcspccl of fraud as follows.. rjwdc full Lllquirics with manablLniLni und III(I%L cI)4ifbPLd iviih bP(JVLmINLl. A% pari (Trfour friiijd distU%S1()l wi diKuss¢d P41ni¢uldr ar¢d% 'L bLIiLVLd ILI bL SU4LLI)liblL io iiii4s1¢?ILn)Lnl. Al%() duflllbt our dlidil WL paid parliLulur allLiiiion to IIK)kinb for any rLldiLMI pany IranwLii(Trii%. Ii()wiv¥r A fiinhcr di%criplinii of Oilr $nsIbilitIeS f()r Ilic audit of ihe financial siaicmcnis is locaied on Ihc Finiqncial Rupnrting C (Triiiicil'% ii'Lb%iie 11 IiTrIM'.Irl.orbT.Iikic141diii)r%rL%)nsjh1Ilil¢$. Tliis d¢s¢ripiioii l()rtllS PqL rt of (Dui Rcporl ()f Ilie Iii(ILI)LndLni Audiliirs, Pagc 5
ort of thi, Inde
endont ,ludltors to the Trustees of
Montfort Imissionar
U5L of our rLpvrt
This report ]% niade sulely lo Ihe cliarily's iru.%lees, as a body, in aceordancL wjih Part 4 of the Cliai'ities (Account% and
Repons} Reglulaiions 7008. Our audit w'ork IIL15 been underidketl 50 Ih
Montfort MissionAr Societv Stuten]ent of Fin#nci#l Actli'lilLIS fur thL. I'L?#r Ended 31 DL'cc'mbi'r 202 31.1? ?0 31 12.19 Total Unresiricied fiinds Restricted rund rund INcOlF. AND Tr.NI)()WMb"Nl'4 &'ROM 342.995 342.995 287,698 Inve.%tn)eni inLLime Oilier iliLoine 31.(K)3 (>7.4$4 31,003 (?7,454 190.30(> 441.452 441,452 478,004 -,XPI.:NI)I I'IIRF. ()N ()08.6(18 OOS.0()8 70().0()Y -$0.978 (?51).827 659.827 757.()4() 14,-IXI I (4.3811 2.1,41 (1 NF.T INC:()NII:IITr:XPlI NDI'I'UIITr:I 1222,75()1 1222,75(11 12S().22(1 RF.C()YCII.IA TI()Tr*' (IF FIINDS Tiitul fund% broukvhi forwthrd -3 C)2l),(?()11 47.98 3.977,(148 4,231.874 T()I'AI. Tr IINI)4 ('AIIIIITr:11 Tr()IIWAIII) -3.7Q(I,l)l 47 £)¥0 3.7.54,yl)2 3,977,(14 The nntc.s fomi pan af thesc financial ¥taiemenl PabTC 7
Montfort Missinnar Societ SfatemL?nt uf Fin#niial Position 31 December 2020 31.12.20 Toial 31.1? 19 Total funds Unrestricted funds Restricted fund FIXED AS%F.TS Tanbwible a%%eis Invesln)eJils 1.8Y4.119 1.358.716 1,894.119 .358,716 1.941.279 1.327.960 3,252.R35 3.252,835 3.269.239 CURREN"I' ASSEI'S Debiors Ca%li at bank and in hand 22.871 480.470 22.871 528,4_i6 22.781 9?$ 180 47.980 50.3,347 47,980 551.327 947.901 .RF.DITORS AniouTrls lalling diic wiiliin one }'car (49.2701 149.2701 12.19.5521 IYF.T CIIRRF.NT ASS&'I'S 454.077 47.980 502.057 708.409 TI)TAL ASSETS LF.55 CURR Tr:N'r LIABILITIF,S 3,70().912 47,980 3.754,892 3,Y77,64X NET ASSETS 3,7110,91 ? 47.980 3,754.892 3.977,64 FUNDS UiircsiriLILd liinds Rc.%trict¢d tiind 10 3,706,1?12 47,980 3,929.668 47.980 I'()TAL FUNDS 3,754,892 3,977.648 Tl?L finaiiLi£il slillLn)cni8 wcrc approvcd by the Bo<ird of Tru8l¢c8 and auihori5cd for i5siic on alid ii'crc %ibJnLd on ils behalf hy.. 24.01.2023 The no¢cq forni part nf thc%c finaftcial st()tcmentg Pagc 8
Montfort lIs5108 Socie oles to the F"inancial SiaterneNts for the l'ear Ended 31 December 2020 ACCOUNTING POLICIES Basis of preparing the finncig1 81eNtS I'he linancial staiemenis ol Ihe chariiy. uhich is a public nefit eniily under FRS 102. hale been prepared in accord£onc¢ iviih the Charilie% SORP IFRS 1021 'A¢counting and Reporting by Charities.. Siaieincnl or Recommcndcd Practice applicable 10 chariiies preparing ihcir occounis in accordance wih the Financial Reponing Sland1[d applicable in the UK ond Kepubli¢ of Ireland IFRS 1021 le(feciii'e l January 20191,. Financial RctTroMin Siandard 102 '1'1ie Financial Reporting 8iandard applicable in the UK and Republic of Ircland, and the Charilie.% Acl 2011. I'he financial slalen)enls h41Tr'L been prepared undcr hislorical cosl ¢onveniion. H'iih the excepiion of invesinienis whi¥li ar¢ included al mark¢t i'alue. as modified by Ihc rci'aluaiion of ccnaiD assels. Tlie financidl %ialeinen15 have bttn prL'parcd in accordance i%'ith ihe Siaienk'ni i)r ReCo11CndCd Pr¢g¢1ice 'AcLL)iinting aiid R¢N)Tling by Charitie%" ISORP 20051 i%%ued in Marcli 2(KJS and applicablc accounlinb %landiird% lid Ilie C h4ifLIiL% ALI 2011. -fhey arL' prepared on ilie lii.%l()riLal ciisl basi.% of accoutiiiiig as lim)difi lo iiicludL Ilie rcvaluaiion of fixcd ass¢ts in¢ludinbV invLsimenis whiLh arL' iaffi¢d al inark¢l valuc. pcriiiiiiLd by F'RS 102 ThL Trinancial RLPLbnin&p Siandard appli¢ablL in ihL UK and RLpubliL of Ir¥ldl)d': IhL rcqiiireinenis of Scciion 7 Siolcmcni of Cash Flows. lrtcom¢ AII iii¢oii)L i% fLCObrniscd in Ihc $1411cincni i)r Financial A¢livilics ()nce Ihc chariiy has eiiiiilcn)ciil lo Ihc fund4. il is PTLibiiblL Ihfj)I Illi inic)iii¢ will b¢ TLYcivcd aTMI Ihc aniouni can bc nwasurcd r¢liably. F.xi)i'ndltur¢ LIEibiliiiL% jifL reLognis¢d as ¢xndi1Urc as as Ihcrc is a Icbal or ¢onslruclivc obli&vlIon Commiiiin tIIc Lhii rily l() ilmt ¥xpLlldiliirL. il is pn)babli iliai d IT?nsfir of ¢¢ononiic IK'ncfils w'ill bc rLyiiifid in %14iiliniint aiid Ilic iLl111)Iinl of IhL i)bligLlliOJi lan bc mLasiirLd rLliably. I:'xpLndiiurn' is 2iic)uniixl for oil an Ccla]I ba514 <iiKI lia% bLLii ild%%ili¥d ILndcT Iicadingi% iliJi ag¥T¥¥yal¥ all cost rLlalLd IL) IhL' LaiL¥or)'. Il'liirL costs caniiiit IK. dircLili Uiiribuicd i(? partiiiil&r hcodin&¥5 they havc bccn allocaied io aclivilics on ¥ basis Consisieni wilh il)c usc ofrcsoUe$. ncpr¢¢ialion is pr()vidcd ai Ihc following annual raics in ordcr lo *rite otTeach asset oi'cr its islinwtcd uN¢ful lifc. l.-rcchold priipcrly 2 /D nn cosl on ctbSt l S /u on Tcducing balance 15.10 on reducing balance 250/0 on co Siraighi linc over 3 years M()li?r vchicl¢s C'oinpiiiLr ¥qiiipni¢nt A.ssc15 arc in ihc finala1 sla1¢nnIS at historic cost le55 accumulaied dcprecialion. Thc charity has adoplcd pvliiy of ni)I cJpilali5in8 asscts which havc an original cosi of l¢ss Ihan £50. ItC1115 below ihi5 figpiire arc Ircaicd repair5 dnd rcn¢wals. T8Aation The ¥harily is cxcmpi from on ils charitable aciivili¢s. Tr und ¥c¢ountln% UiircbtriclLd fuiid5 can be used in accordance charitsble objeclive5 ai Ihe dibcrciion of ¢hc Iwst¢¢s. RestriLILd fund% can only k uscd foi particular re51ricied purpos¢s M'iLhin thc objects of the chariiy. RLb¢rictions ari5¢ whcn 5PLcifiid by Lhe donor or wh¢n funds arc raiscd for P<irtiLular iesiriclcd purposcs. Pa8e 9 continued...
Mon¢ft)rt lIis510D8 . Socie ote5 to the FiNanci*l Si#t¢ments- continutd lor the l.ear Ended JI Decernber 2020 ACCC)UNI'ING POLICIES- continued F'und accounting Further explanation of the nature and purpose of each fund is included in lh¢ notes to the financial 51aiements. Foreign currencie5 ANe15 and liabilities in forehgn curtencie5 are translaled into sierling ai the rdle5 ofexchange ruling ai ihe siaiemeni oifinanLial POSiiion dale. Transaciions foreign cutrencies are Iranslaied into sierlinbi ai ilit rdie of exchange ruling ai ¢he date of trasaction. ExLhan¥e ditrerenLe5 are iaken iiiio accouni ill arrii'ing al tlie opeialin¥ r¢sult. Ini'¢stment5 In%'L%iiiicnls 1¢ re shown in ihe financial 8iaiemenis ai ihe markei i'alue at 31 Deccmber. Movemen1% on as%eis held in foreign ci¥rrencies are converted io sierling Lil Ihe eichange rate prei'ailing al the dale of Iransaclion. Ilie cliiling balance is ba.%ed on Ihe exchange raie ai year end. All prufils 01 lo%%e.4 on exchange are realis¢d at the year end. All gains OT lokscs on Ihe revalu1¢1£)ft of ini'c%iincni assets arc shown in the SOFA. INI-ESTMENT IN'C.()1 31.12.20 Dcposil 7(coLl1 inieresi Dii'idLtids rcccii'Ld 26.15$ 4.848 186.033 4.273 31.003 190.306 RAISING FIINDS Investment management cost% 31.12.70 31.1? 19 Portfolio Tnanagemeni 1.4jS I'RUSTEES, REIIUNERATION AND BEPIEFITS ThL Ic)ial reniutier?L ILI)n paid to Irus1tt5 in Icspcct of remuneration for the )'car cndcd 31 Dccembcr 2020 was L28.(K)O I!OIY.. £28.IK)01 Thc oihei Tn151ees, who arc rwmbcrs of Ihc comniunity. rcccii'c food. accommodaiÈon and clothing as part of iheii nomial coii)niiiJiily liTr'ing. In addilion. the). hai'c acccss 10 nlO[Ln8 and IrdN"clling facililics dirc¢t rcla(cd io thc conducl of their charitable aclii'ities. Trusl¥rf' expenses There wer¢ no InLStccs' expenses paid for ihe year cnded 31 tkcember 2020 Tr for the year ended 31 Deccmb¢r 2019. Page 10 continued..
Montfort Missiona Sociel Nolts to the Financial Stafemenls- continued for the Year Ended 31 Deccmbcr 2020 STATrTr C()STS 'l-he average monihly number of employees during ihe year wys as follows= 31.12.20 14 31.12.19 Direct Chariiable No employees received emoluments in ¢x¢¢ss of £60.000. TAG1Bll.E Tr-IXF.D A%STr.T¥ Frechold prorKrty Plani Jnd l)liiLliinery leasehL)Id Ai l J¢iniigry 2020 Addili(In% 968.0x7 1.643.8?3 6.189 Ai 31 t)cccmbcr 2020 968.0x7 6.189 I)Tr:PR Tr:C'IA'I'I()Y 286.()52 412.YC)I 30,2.$1 2.SQl) -5117 C'li¢irgc f()T ycar Ai 31 tk'Lcnibcr 2020 3.880 44.1.212 3.316 P*F.T H(M)K VAI.iFF. Ai .3 I fk'LLll)tK'r 20?0 667,207 1.200.611 2.¥73 Ai .3 I tk.ccmbcr 2019 681.415 1 ?30.8()2 3.380 Fixlur¢s lind ritlin8S N4()14)r vehiclL TTrlals Ai l J4711uary 2020 Addiiivnb 77,398 50.289 4.000 2,760.41() 4,000 At 31 D¢ccmbLr 2020 77.398 54.!¥9 14,6.30 2.7(Tr4,416 DEPRECIAI'II)N 30.54n 5,1¥7 14.IMI IY7 X19.1.17 51.1(A) Charbye fur year 790 Ai 31 Dccembcr 2D20 72.924 35.727 14.2_I 870.297 NET BOOK VALUE Al 31 Dcccmber 2020 4.474 18.562 -192 I,X94,119 Ai .1 I t)eccmber 2019 5.264 19.749 5x9 1,941 ?79 Pagell continucd...
Monifort 1•55103 . Socie Notes to the Finn¢il Siattments- continued for the I'eAr Ended 31 DeCeber 2020 FIXED ASSF.T INI'F.%TMTr.NTS Lisied inve%imcnts Unltsied Inl'estnts Totals IARKLI. I'ALUE Ai l Jajiuary 2020 Addition5 154,829 151.067 1147.671) {9.231) 1.173.131 1.327.960 151.067 1201.Y031 154.237 Revaluaii()ns Int¢rL%I reLeived Dii'id¢nd.% receiv Exchange diifirenccs 25.445 4,848 4.X48 67.454 67.454 Ai I l December 2020 153.842 1.204.X74 1.358.716 NF.T 11()I)K VAI.IITr. Ai _I l T)cceiiihcr 211111 153.842 1.204.1174 ,3SX.716 Ai I I t)ccember 2019 154.829 1.127.960 Th¢ iinlistcd invc51n)cni assL'15 rcprescnts ihc charItS slwc of thc Vicc Proi'ince ofcircai Ilriiain and Ircland Iicld in Roll. DF.BT()RF>: AMI)IINT.S Tr AI.I.IN(' DIITr: 11 ITIIIN ()NF. I'F.AR 31.12.?0 31.12.19 ()IliiT dcbi()r PrLpdymcni$ and accnlcd inco 6.5¥1 16,2l)O 0..$25 22.871 22.781 c'Rb:l)I'l'()R%: Al()llTIl F Al.l.lli(.' l)IIfr. II'I"I"IIIN IP%Tr: YTr:AR 31.12.?0 31 12.19 Otlicr cr¢dit(?rs 44).270 231).$52 10. Nci n)(>YLlI)cnt funds At 1.1.20 31.12.20 Unrv5trl¢tfd fund5 (iliiLrJl futid 3.929.668 (222.7.501 3,7n(I,Y12 Rcslrl¢ted fund5 Mi%%inn Fiind 47.980 47.9110 TOTAL FUTrqDS -1.977.648 1222,7561 3.754.892 Page 12 contiiiucd...
Montfort MIs5ion8r
Societ
Notrs to the Financial Stalements- continued
for thLI YL4ar F.nded 31 D¢cemhL'r 2020
io.
MUVF.MLN'I' IN TrUNDS-
Montfort Missionar Societ Notes tu the Fiiiancial Siutements- cuntinued fur thL. YL'ar Endi'd 31 Dec¢mb¢r 2U21 RF,I.ATED P.4RTI' DISCLOSURES 'I'here were no related party Iran%aciion.s for the year ended 31 tkcember 2019. 12. DESIGNATED FUNDS The Irusiees have de.%ignaled funds out of Ihe unresiricied lunds as follow%'. bixed Assels Fund In order lo fuifjl lis cl)arilable objeclii'e% the Socieiy ticed¢d a large iiuiiiber of properties. -fheqe properli¢8, dliliLIUbJh ihey dre uiireslri¢ted a4sei% caiinol be iealitsed iviilioul undeniiiiiing) Ilic Sociely's iOrk and ihe Inisiees SuppoN ofoidcr M¥iiibcrs Fui)d A futid has bccii dLsiuTniilLd in rLspLcI c)f Ilic Cliariiy'4 con)ti)iliiiLiil lu pruviiJL lur IIIL rL¥iir¢tnLiJt ()t- Ilic SoLicIy's lllLI))bLrs and tlic 8crvicc% thcy c(InlinuL lo pcrfunn w'liLI) rLiiiuticrativc aclivtly lias LCdsLd. TIIL fund also proiidLs for cl re ()[ SoLieiy iiiciiibcrs in old crynd sickncs5. ALIu4iiilll calculii li0119 IJI 2002 sliowcd Iliat a scLiirL fiiiid I IL?$ %1 L4..Siii Ic?1 lodi?y'% '<lI11c*) Mi)Iild bc nLedcd a8 IlliTrl)1, 8ociciy nicinbLTS liad no pensii)Iis i)r pcnsion rigilii%. Tlic Tru4tLL4 h<lk'e rci'icw'cd Iliis fiitid to cnsiirc il is lldequii ie bui not CXC¢S%ll'¥ nd in LoiisidLralion of a dLcliiiin nuinbLr ofinen)hcrs li<ql'C rcdiiccd it ai tlic ycar-cnd. Page 14
Montfort Missiona Deiiltd Siatement of Financial Acti%"i(ies for the Year Ended 31 Deccmb¢r 20211 31.12.20 31.12.19 I,cOmE APD F.DOwlE.S Donations legacies N.lemb¢rs' salaries atid petision Donallons aTKI legacies Other income Mass stipends 27.647 285.719 21.012 S,617 -16.465 161.573 89.660 342.995 287,698 IeStMent income Dep()%il CCI)Iini inter¥ Dividends received 26.155 4,848 186,033 4.273 3I.IM)3 190,306 ()thf r income Exchan¥c yains on CUrr¢Y acs 67.454 Tolgl incoming rc5011rcc5 441,442 478,004 EXPENI)ITLRE Othcr trading #ctlvitits Mission dnnations 76,845 82.671 Investment maDagtment costs Portfolio managcm¢nt 1,455 Other FrcLh(Ild prop¢rty Lonb Ica5chold Plani ajid machincry '-ixiurc5 and fitting5 Moior i'cliiclcs Compuier ¢quipmcnt 14.:28 30.:51 -507 790 5.187 196 14,?28 -40.251 501 929 4.788 281 50,97X Support costs ManJ%ement 195,194 9,085 3,476 207,755 188,157 8.984 2.892 200,033 Social swurity Pcnsions Carried foN'ard This page d($ noi fomi part of thc statuior). financial stalenn Page 15
Montfort.11$51•n*rV Soci Detailed Staternent of Financial ArtiTrilies fur thL I'tar Tr_nded 31 December •U20 31.1? ?0 31.12.19 lanagemont Broubjhi fLirward C.'orc cosis In.%urllnce I'elephone Po%lage ond sl8tionery Sundries AudiloT5' Temuneraiion Lebtal Fees guhslripiions and fecs Hi>iikkeeping Mliiiifiirt pres5 expendiiure 207,755 10.¥(k6 19.744 9.167 715 11,R86 14.4(M) 200.033 4.156 20.244 9.579 1.754 12.753 12.000 25.390 9.647 7.71(1 2,318 7.X72 9.1)86 3(JO,191 -105.-591) IlJnk Lliar¥cs 328 194 l)Iher 16.774 30..539 13.145 14,()17 5,Ilb4 14.()19 Ilc)11.%i%'. R¢crealio 141)u.%L%.' MolLTrr l--Kpcnsc5 I1()ils.. TravLI 11011sL%'. Tclcphonc 20.SX8 20.197 2,0.17 59.1)114 14.¥24 2,476 211.()73 .S.2UI l ¥.(J23 40.(JV8 4?9 11()11s¥s.' L'qiiipiik'ni MJiiiiLiiJrKL l()IibLs.' F.nCTY H()us¥s.' Oili¥r 12.41)8 169.849 261 1gC) .xihting¥ I[)% 57.1114 'I'olal rcsourcc5 cxpcndcd 659.827 757.640 Nct cxpcnditure beforf %4ln5 #nd losses {218.-1751 1279,fi421 Re8115ed reco%n15ed ond 10s5es RL:Ili%Ld bPdiii%ll lo45) ()n fi¥cd as¢ invcstmen15 23,41 (? Net eXpendItre 1222.7561 1256.22()1 This pag¢ dS not forn part of t1 statutory financial stementS Page 16