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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 241963

Report of the Trustees and

Audited Financial Statements

for the Year Ended 31 December 2021

for

Montfort Missionary Society

Town & Forest Chartered Accountants & Statutory Auditors Cornerways House School Lane Ringwood Hampshire BH24 1LG

Montfort Missionary Society

Contents of the Financial Statements for the Year Ended 31 December 2021

Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 5
Statement of Financial Activities 6
Statement of Financial Position 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15

Montfort Missionary Society

Report of the Trustees for the Year Ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Montfort Missionary Society is an international religious order with a General Delegation in Great Britain and Ireland. The General Delegation is administered by the Delegation Leader together with a Council consisting of three Councillors, all of whom should be Trustees. The Delegation Leader and his Council are elected by members of the Society for a term usually of six, or three years at an open meeting of the General Delegation. The General Delegation's charity, Montfort Missionary Society ("the Charity"), is registered with the Charity Commission under No. 241963 and carries out the General Delegations 's exclusively charitable activities, as well as holding its assets.

OBJECTIVES AND ACTIVITIES

Policy, Objectives and Activities

It is the policy of the Charity to undertake a range of charitable activities in the light of spreading the Gospel of Jesus Christ and helping in both the spiritual and material welfare of people. The principal areas in which the Charity is involved are set out below.

1.The Pastoral Centres

We have at present three pastoral centres in England (Ashurst, Southampton and Liverpool).Their aim is to help people by retreats, courses and guidance.

2. Missions

Although we have decreased in numbers, the General Delegation of Great Britain and Ireland still has one member working in Malawi, Central Africa, which was our original mission area. We have another member working in Uganda looking after AIDS sufferers and assisting the archbishop, especially with his development work, and a third member teaching in Kenya.

3. Outreach Work

Members of the General Delegation are engaged in outreach work providing support to those suffering in both mind and body. This support is essentially spiritual, and it is becoming apparent that the need for it is great. Our response is restrained only by numbers.

FINANCIAL REVIEW

Incoming resources of £309,415 showed an decrease of £132,037 compared with 2020.

Resources expended of £656,947 decreased by £2,880 compared with 2020.

Net gains on investments were £10,768 compared with losses of £4,381 in 2020.

Net outgoing resources were thus £336,764, against net outgoing resources of £222,756 in 2020.

Investments held at the end of the year totalled £1,412,508 (2020 - £1,358,716). Income from investments (both listed and unlisted) totalled £207,110 (2020 - £31,003).

FUTURE PLANS

It is anticipated that 2023/24 will largely continue the work performed in 2021 in the areas of support of the members and their mission work.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Page 1

Montfort Missionary Society

Report of the Trustees for the Year Ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The number of those administering is four (the Delegation Leader and his council). The members of the Delegation Council are Trustees of the Charity, as the Council is responsible for administering the General Delegation. It is also responsible to the Provincial Chapter, which is also elected by the members of the Delegation. If one of the members of the Council dies during his term of office the General Delegation replaces him.

The General Delegation Council consist of:

Rev. Father John K Flynn Rev. Father Desmond Connolly

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

241963

Principal address

St. Josephs 8 Lyndhurst Road Ashurst Southampton Hampshire S040 7DU

Trustees

Rev. Fr. J K Flynn Rev. Fr. D J F Connolly Rev. J P Brady A W Murphy

Auditors

Town & Forest Chartered Accountants & Statutory Auditors Cornerways House School Lane Ringwood Hampshire BH24 1LG

RESERVES POLICY

The commitment to provide for the care of members of the General Delegation in sickness and old age has profound implications for the finances of the Society. Members of the General Delegation have all taken a vow of poverty which means that all rights to assets and income have been given up, generally in favour of the General Delegation. Where members earn a salary, stipend or pension this is paid into the charitable trust under a deed of covenant. In most cases members have devoted the whole of their working lives to the General Delegation and are dependent upon it for all their temporal needs. Although members invariably continue to perform charitable work long past normal retirement age, if they are healthy enough to do so, the work is often not remunerative and the General Delegation must provide for their upkeep and in some cases nursing care. The total funds of the charity stand at a little under £4m. The Trustees consider this is sufficient for the Society's future needs.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 2

31 December20 The law applioable to dwiti&s in Engknj &yJ Walry the Charttits Act 2011. (J• (A￿x)Unts ard RqMKts) financial year which 8Ève a t￿￿ and fair vlew of the State of affairs of the chty atyj of the in¢oriw rewutra at appI￿￿tiOn of resources. incI￿ling the illLWX aryj ext￿211￿¢ ol the dwiry for that pai{￿ In prying those . sclttt suitable xcouithg Pol￿1&18￿] lI￿appty th6mc•. . oibttve the priwiples tti Ihe Ch2rity SORP. Art 2011. the Ch￿lty aNI RqKrts) Regulati￿ 21Mlg ajyl Ik provisi(w of the trust dee4L They also JEswrJsible for saf¢gwdin8 the &W5 of the chwity for taking reasonabk sw)s fv the prevention aThl d on itsbehaIf by: DJF 0[￿lly. TnJs*e

Report of the Independent Auditors to the Trustees of Montfort Missionary Society

Opinion

We have audited the financial statements of Montfort Missionary Society (the 'charity') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

Report of the Independent Auditors to the Trustees of Montfort Missionary Society

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that relate to the Charities Act 2011 and FRS 102.

We assessed the risks of material misstatement in respect of fraud as follows: we made full enquiries with management and those charged with governance. As part of our fraud discussions we discussed particular areas we believed to be susceptible to misstatement. Also during our audit we paid particular attention to looking for any related party transactions, however there were no related party transactions in this entity.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Town & Forest Chartered Accountants & Statutory Auditors Cornerways House School Lane Ringwood Hampshire BH24 1LG

5 May 2023 Date: .............................................

Zara Dunster FCA (Senior Statutory Auditor)

Page 5

Montfort Missionary Society

Statement of Financial Activities

for the Year Ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Other income
Total
EXPENDITURE ON
Raising funds
3
Other
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
101,420
207,110
885
309,415
627,966
28,981
656,947
10,768
(336,764)
3,706,912
3,370,148		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
47,980
47,980		 31.12.21
Total
funds
£
101,420
207,110
885
309,415
627,966
28,981
656,947
10,768
(336,764)
3,754,892
3,418,128		 31.12.20
Total
funds
£
342,995
31,003
67,454
441,452
608,668
51,159
659,827
(4,381)
(222,756)
3,977,648
3,754,892

The notes form part of these financial statements

Page 6

31 31.1221 31.1220 Tatigible assets 1164J23 1.412 1064.511 1.411508 1,894.119 lJ58.716 3277,031 3277,031 3251835 Ikbtors 25.747 98.832 25.747 J46.812 22,871 528,456 47980 124J79 47.980 172.559 551 J27 Amounts failing 74ithin ￿ year (31.462) (31.462) (49270) NET CURRENT &￿£73 93.117 47,980 141.(P)7 502,057 LIABILITILS 3J70.148 47.980 3.418.128 3,754.892 NET A&Sm 3J70.148 47980 3,418.128 3.754,892 FUNDS 10 3.370.148 47,980 3.706.912 47.980 TOTAL FUNDS 3,418,128 3,754,892 0£.., ¢OS... Ao2.8. a￿1 P4ryE its tthdfby: 02 06 1025

Montfort Missionary Society

Notes to the Financial Statements

for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) issued in March 2005 and applicable accounting standards and the Charities Act 2011. They are prepared on the historical cost basis of accounting as modified to include the revaluation of fixed assets including investments which are carried at market value.

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Long leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

Assets are shown in the financial statements at historic cost less accumulated depreciation. The charity has adopted a policy of not capitalising assets which have an original cost of less than £50. Items below this figure are treated as repairs and renewals.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 8

Montfort Missionary Society

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Investments are shown in the financial statements at the market value at 31 December. Movements on assets held in foreign currencies are converted to sterling at the exchange rate prevailing at the date of transaction, the closing balance is based on the exchange rate at the year end. All profits or losses on exchange are realised at the year end. All gains or losses on the revaluation of investment assets are shown in the SOFA.

2. INVESTMENT INCOME

Deposit account interest
Dividends received		 31.12.21
£
106
207,004
207,110		 31.12.20
£
26,155
4,848
31,003

3. RAISING FUNDS

Investment management costs

Investment management costs
31.12.21 31.12.20
£ £
Portfolio management 1,586 1,455

4. TRUSTEES' REMUNERATION AND BENEFITS

The total remuneration paid to trustees in respect of remuneration for the year ended 31 December 2021 was £28,000 (2020: £28,000).

The other Trustees, who are members of the community, receive food, accommodation and clothing as part of their normal community living. In addition, they have access to motoring and travelling facilities direct related to the conduct of their charitable activities.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

continued...

Page 9

Montfort Missionary Society

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

Direct Charitable
No employees received emoluments in excess of £60,000.
TANGIBLE FIXED ASSETS
COST
At 1 January 2021
Disposals
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
Eliminated on disposal
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020
Fixtures
and
fittings
£
COST
At 1 January 2021
77,398
Disposals
-
At 31 December 2021
77,398
DEPRECIATION
At 1 January 2021
72,924
Charge for year
671
Eliminated on disposal
-
At 31 December 2021
73,595
NET BOOK VALUE
At 31 December 2021
3,803
At 31 December 2020
4,474		 Freehold
property
£
968,087
-
968,087
300,880
14,228
-
315,108
652,979
667,207
Motor
vehicles
£
54,289
(11,350)
42,939
35,727
4,640
(10,735)
29,632
13,307
18,562		 31.12.21
9
Long
leasehold
£
1,643,823
-
1,643,823
443,212
8,880
-
452,092
1,191,731
1,200,611
Computer
equipment
£
14,630
-
14,630
14,238
131
-
14,369
261
392		 31.12.20
14
Plant and
machinery
£
6,189
-
6,189
3,316
431
-
3,747
2,442
2,873
Totals
£
2,764,416
(11,350)
2,753,066
870,297
28,981
(10,735)
888,543
1,864,523
1,894,119

6. TANGIBLE FIXED ASSETS

continued...

Page 10

Montfort Missionary Society

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

7.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2021
Additions
Disposals
Revaluations
Interest received
Dividends received
Exchange differences
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Listed
investments
£
153,842
8,824
(6,991)
7,349
-
2,536
-
165,560
165,560
153,842		 Unlisted
investments
£
1,204,874
-
(73,611)
-
204,468
-
(88,783)
1,246,948
1,246,948
1,204,874		 Totals
£
1,358,716
8,824
(80,602)
7,349
204,468
2,536
(88,783)
1,412,508
1,412,508
1,358,716
The unlisted investment assets represents the charity's share of the The unlisted investment assets represents the charity's share of the Vice Province Vice Province of Great Britain of Great Britain and Ireland
held in Rome.
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Other debtors 10,400 6,581
Prepayments and accrued income 15,347 16,290
25,747 22,871
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Other creditors 31,462 49,270
10. MOVEMENT IN FUNDS
Net
movement At
At 1.1.21 in funds 31.12.21
£ £ £
Unrestricted funds
General fund 3,706,912 (336,764) 3,370,148
Restricted funds
Mission Fund 47,980 - 47,980
TOTAL FUNDS 3,754,892 (336,764) 3,418,128

continued...

Page 11

Montfort Missionary Society

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
309,415
309,415		 Resources
expended
£
(656,947)
(656,947)		 Gains and
Movement
losses
in funds
£
£
10,768
(336,764)
10,768
(336,764)		 Gains and
Movement
losses
in funds
£
£
10,768
(336,764)
10,768
(336,764)
(336,764)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Mission Fund
TOTAL FUNDS		 At 1.1.20
£
3,929,668
47,980
3,977,648		 Net
movement
in funds
£
(222,756)
-
(222,756)		 At
31.12.20
£
3,706,912
47,980
3,754,892

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
441,452
441,452		 Resources
expended
£
(659,827)
(659,827)		 Gains and
Movement
losses
in funds
£
£
(4,381)
(222,756)
(4,381)
(222,756)		 Gains and
Movement
losses
in funds
£
£
(4,381)
(222,756)
(4,381)
(222,756)
(222,756)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

continued...

Page 12

Montfort Missionary Society

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

12. DESIGNATED FUNDS

The trustees have designated funds out of the unrestricted funds as follows:

Fixed Assets Fund

In order to fulfil its charitable objectives the Society needed a large number of properties. These properties, although they are unrestricted assets cannot be realised without undermining the Society's work and the trustees therefore feel that it is appropriate to reflect the investment in fixed assets by means of a designated fund.

Support of Older Members Fund

A fund has been designated in respect of the Charity's commitment to provide for the retirement of the Society's members and the services they continue to perform when remunerative activity has ceased. The fund also provides for care of Society members in old age and sickness. Actuarial calculations in 2002 showed that a secure fund of at least £4.5m (at today 's values) would be needed as many Society members had no pensions or pension rights. The Trustees have reviewed this fund to ensure it is adequate but not excessive and in consideration of a declining number of members have reduced it at the year-end.

Page 13

Montfort Missionary Society

INCOME AND ENDOWMENTS
Donations and legacies
Members' salaries and pension
Donations and legacies
Other income
Mass stipends
Investment income
Deposit account interest
Dividends received
Other income
Gain on sale of tangible fixed assets
Exchange gains on currency acs
Total incoming resources
EXPENDITURE
Other trading activities
Mission donations
Investment management costs
Portfolio management
Other
Freehold property
Long leasehold
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
Support costs
Management
Wages
Social security
Pensions
Care costs
Insurance
Carried forward		 Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
31.12.21
31.12.20
£
£
26,178
27,647
45,712
285,719
20,154
21,012
9,376
8,617
101,420
342,995
106
26,155
207,004
4,848
207,110
31,003
885
-
-
67,454
885
67,454
309,415
441,452
69,662
76,845
1,586
1,455
14,228
14,228
8,880
30,251
431
507
671
790
4,640
5,187
131
196
28,981
51,159
155,046
195,194
8,141
9,085
2,739
3,476
42,050
10,806
15,227
19,744
223,203
238,305		 Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
31.12.21
31.12.20
£
£
26,178
27,647
45,712
285,719
20,154
21,012
9,376
8,617
101,420
342,995
106
26,155
207,004
4,848
207,110
31,003
885
-
-
67,454
885
67,454
309,415
441,452
69,662
76,845
1,586
1,455
14,228
14,228
8,880
30,251
431
507
671
790
4,640
5,187
131
196
28,981
51,159
155,046
195,194
8,141
9,085
2,739
3,476
42,050
10,806
15,227
19,744
223,203
238,305
342,995
26,155
4,848
31,003
-
67,454
67,454
441,452
76,845
1,455
14,228
30,251
507
790
5,187
196
51,159
195,194
9,085
3,476
10,806
19,744
238,305

This page does not form part of the statutory financial statements

Page 14

Montfort Missionary Society

Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
31.12.21 31.12.20
£ £
Management
Brought forward 223,203 238,305
Telephone 11,391 9,167
Postage and stationery 449 215
Sundries 15,779 11,886
Auditors' remuneration 14,400 14,400
Legal fees 11,869 65,600
Subscriptions and fees 6,303 7,872
Bookkeeping 11,293 9,986
Montfort press expenditure 1,076 2,760
295,763 360,191
Finance
Bank charges 88 328
Other
Houses: Food 9,886 16,774
Houses: Household 148 6,246
Houses: Personal 9,601 5,084
Houses: Recreation 12,659 15,619
Houses: Motor Expenses 17,719 15,292
Houses: Travel 7,919 14,824
Houses: Telephone - 2,476
Houses: Rent 9,600 -
Houses: Repairs, Maintenance 25,465 28,673
Houses: Equipment Maintenance 8,217 5,201
Houses: Rates 17,368 18,623
Houses: Energy 53,400 40,608
Houses: Other - 429
Exchange losses 102 -
Exchange losses on currency ac 88,783 -
260,867 169,849
Total resources expended 656,947 659,827
Net expenditure before gains and losses (347,532) (218,375)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 10,768 (4,381)
Net expenditure (336,764) (222,756)

This page does not form part of the statutory financial statements

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