**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
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## **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:
- give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
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. a1 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':
- the requirements of Section 7 Statement of Cash Flows.
## **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
Page 15