Roman Catholic Purposes
In Connection with The
Congregation of the
Sisters of St Clare
In Ireland
(The Sisters of St Clare
Charitable Trust)
Unaudited Annual Report and
Accounts
31 December 2021
Chanly Registration Number
0246eA9

Contents
Reports
Reference and administrative details
of the charity, ils Iruslees and advisers
Trustees, report
Independent examinels report
10
Accounts
Slalemenl of financial adivities
Balance shgel
12
Principal accounting policies
13
Notes to the accounts
17
The Sistérs of Sl Clare Charitable Trust

Reference and administrative details of the charity, its trustees and advisers 31 December 2021
Trustees
Sister Anne Kelly
Sister Mark Hollywood
Sister Margaret McElgunn
Sister Maureen O'Dea
Sister Kathleen Moore
The Iruslees are incorporated under the Charities
Ac12011
Principal address
St Clare's Convent
15 Glyndebouine Gardens
Corby
Northamplonshire
NN180QA
Abboss General
Sister Anne Kelly
Charity registration number
0246649
Indgpgndent examiner
Amanda Francis
8uzzacott LLP
130 Wood Street
London
EC2V 6DL
Bankers
Yorkshire Bank
6 Market Street
Kettering
Northamplonshire
NN16 OEA
National Weslminsler Bank plc
24 New Town Gardens
Kirkby
Liverpool
L32 8RU
National Westminster Bank plc
146 Widnes Road
Vvidnes
Cheshire
VVA8 6BB
The Sisters of Sl Clare Charitable Trust 1

Reference and administrative details of the charity. its trustees and advisers 31 December 2D21
Solicitors
Stone King LLP
Upper Borough Court
Upper 8orough Walls
Bath
8A1 1RG
King-Davies & Partners
Lloyds Bank Chambers
18 Talbol Street
Maesleg
Bridgend
CF34 9BP
The Sisters of St Clare Charilable Trust 2

Trustees, report 31 December 2021
The Iruslees present their report together with the accounts of the charity lor Roman
Catholic Puiposes in Connection with the Congregation of the Sisters of Sl Clare in Ireland
lalso known as The Sisters of St Clare Charitable Trust) for the year ended 31 December
2021.
Under a Uniting Direction issued by the Charity Commission under section 12{1) of the
ChaTlties Act 2011. this charty li.e. Roman Catholic Purposes In Connection With The
Congregation of the Sisters of Sl Clare In Ireland (Charity Registration Number 24664911 is
the reporting charity and ils related charity, Roman Catholic Purposes In Connection With
The Congregation of the Sisters of St Clare In Ireland The Porthcawl Charity (Charity
Registration Number 246649-11 is the linked charity.
The effect of the Uniting Direction for aceounlancy and reporting purposes is that a single
set of accounts is presented for the two charities combined. Un(Jer the Uniting Direction,
both charities continue to exist as independent enlilies in all other respects.
The accounts have been prepared in accordance with the accounting policies set out on
pages 14 10 17 of the attached accounts and comply with the charities, trust deeds,
applicable laws. applicable United Kingdom Accounting Stan(Jarcls (United Kingdom
Generally Accepted AccoLJnling Practice) and the requirements of Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Stsndard applicable in the United
Kingdom and Republic Df Ireland IFRS 1021.
Introduction
The Congregation of the Sisters of St Clare is an international Roman Catholic Rèligious
Congregation divided into a number of separate regions. The Congregation's Generalale is
based In Ireland.
The accounts accorllpanying this report are the accounts of Ihg charitable trusts on which
certain of the assets of the English Region are held and through which its affairs are
administered.
Principal aims. actlvSties and policies
Activities and speGifiTC objectives
When setting the objectives and planning the work of the charity and ils related charity for
the year, and when eneouraging the work of individual members of the Congregation, the
Iruslees have given Careful consideration to thè Charity Commission's gerieral guidance on
public benefit
The general objective of the charity and ils related charity is 10 sUPPOrt the advancement of
the charitable mini5trie5 carried on by the members of the Cong￿gatIon for the
advancernenl of the Roman Catholic religion.
The Sisters of Sl Clare Charitable Trust 3

Trustees, report 310ecember 2021
Activities and specific objectiv8s {continued)
The activities of the charity and its related charity ean be dNided into two principal areas-.
• Caring for members of the Congregation
To care for the members throughout their lives with th8 Congregation.
Social and pastoral work
Members of the Congregation in England are involved in various form5 of social and
pastoral work Including outreach to the hoL5sebound, care of the elderly, support of the
victims of violence, chaplaincy to educational eslabli5hments, hospitals. nursing care,
ounselling, hospice work, support of the bereaved, work with abused and
disadvantaged wom8n and with ethnic minority groups. Some of thes8 sisters receive
stipends bul the majority of their work is done on a voluntary basis.
Pmtection of children and vulnerable adults
Along with all other organisations who serve in the Community, the tnjstees recognise th6
absolute necessity of ensuring Ihe protection and safety of all those the charity and its
related charity serve. This means that all sisters who are in any kind of ministry in Great
Britain have lo obtain clearance from the Disclosure and Barring Service. The trustees are
commilled lo iThplementing all policies and procedures of the Catholic Safeguarding
Standards Agency ICSSAI.
Fundraising policy
The charity aims lo achieve best practice in the way in which il communicates with donors
and other supporters. The charity takes care with both the lone of its communications and
the accuracy of ils data lo minimise the pressures on supporters. 11 applies best pracliTr lo
protect supporters. data and never sells data, it never swaps data and ensures that
communication preferences can be changed at any lime. The charity manages ils own
fundraising activities and does not employ the services of professional fundraisers. The
charity undèrtakes lo react lo and investigate any Complain￿ regarding ils fundraising
activities and lo leam from Ih&m and improve ils service. During the year, the charity
received no Complaints about ils fundraising activities.
Achievernents and performance
Review of activities
• Caring for members of the Congregation
Throughout the year the charity has continued lo care for members of the Congregation
and lo assist Ihern in their charitable and religious work.
The Sisters of Sl Clare Charitable Trust 4

Trustees, report 31 December 2021
Achigvements and performance Iconlinuedl
Review of activities (continued)
Social and pastoral work
During Ihe year the sisters have been engaged in the following ministries involving
children. Priority is given to children who are disadvantaged, which includes not only
eéucalion, bul the provision of food and clothing, when necessary.
Provision of education In parish schools and additional voluntary, oul-of-schaol
cLqsses to help lower achievers,.
Voluntary catechesis for children in non-catholic Schools-, and
Youth groups.
In addition, during the year the Sisters have worked with adults in many areas, always
trying to promote peace and justice. Examples of the work done include..
Instruction of adults in the Catholic faith.,
• Pa￿ntS, 8lld You Molhers. groups, including pre-baplisrn preparation in families.
homes.,
• Support for the dying in their own homes as well as in hospital.,
Indivi(Jual family pr&paralion for funeral services and support and counselling for
the bereaved.,
Pastoral carelchaplaincy in schools, hospitals and hospices.,
Counselling work with victims of abuse and alcohol..
Ministry to the housebound and the elderly.,
• Provision of spiritual reading mateiials and videos for parishioners.,
Working in the local parish, visiting and helping parishioners develop their
spiritual liv8s-
Community social work". and
• Spiritual direction and guiding prayer groups.
The Sisters of St Clare Charitable Trust 5

Trustegs, rèport 31 December 2021
Covid-19
The Covid-19 pandemic has changed the shape and nature of the world. It has impacted not
only the basic nature of social Inleraclions but has also had a Significant economic impact at
every level in ways which have been outside of the charity's control. However, the irnpact of
Covid-19 on the charity has been minimal. The rnajorily of the charity's income is derived
from pensions of individual religious received under Gift Aid or Deed of Covenant has been
unaffected by the pandemic. In terms Of our expenditure, the Imp8cI has been small. Some
cost savings have been made, for example on travel. Donations continue bul the liming and
amount of donations is al the trustees. discretion and so they have a high degree of control
over this. The trustees will continue to keep both income and expenditure under review.
Whilst there are challenges ahead because of the continuing existence of Covid-19 and also
because of the current geopolitical and macroeconomic climate, the trustees do not expect
malerial concems to arise over the charity's financial position.
Financial review of the year
A summary of the year's results can be found on page 11 of the attached accounts.
Income for the year tolalled £170,143 12020 - £345,761). The main recurring sourc8 of
income continues lo be salaries and pensions of individual rèligious received under Gift Aid
or Deed of Covenant which amounted lo £119,134 12020 £121,550). Contributions from
the Congregation's Gen8ralale in Ireland were £7,500 12020
£214,8071. General
donations amounted to £3,60012020 - £3,1921 and incom8 from other sources amounted to
£39,609 12020 £6,2121. In 2021, this income from other sources included the surplus on
the disposal of a freehold property.
Expenditu￿ amounted lo £183.548 in 2021 12020 - £144,142) and includes £42,100
12020 £60,000) being contributions to the Congregation's Generalate in Irgland. The
monies will be used for the support of the sisters including those returning from overseas
missions
Net expenditure the decrease in funds for the year was £13,40512020- nel increase in
funds of £201,619).
The income and expenditure for the years lo 31 December 2021 and 31 December 2020 all
relate lo the reporting charity. The linked charity was dormarsl throughout both years.
Reserves policy
Following the disposal by the linked charity of the Porthcawl propety in 2017 and the
transfer of the sisters. the linked charity became dormant ènd does not require reserves.
The trustees of the reporting charity have examined the requirement for free reserves i.e.
those utirestricled funds not invested in tangible fixed assets, designated for specific
purposes or otherwise committed. The trustees consider that. given the nature of the
charity's work, the level of Iree reserves should be approximately equal to between two- and
six-monlhs, ongoing expenditure (excluding donalionsl.
The Sisters of Sl Clare Charitable Trust 6

Trustees, report 31 December 2021
Financial review of the year Iconlinuedl
Financial position
As the linked charity is now dormant, the financial position al 31 December 2021 below is in
ielalion lo the reporting Charity only.
The balance sheet shows rèserves of the reporting ¢harity of £406,77312020- £421,083).
£361,14012020 £389,443) of the total reserves represents the value of the tangible fixed
assets of the charity and is described on the balance sheet as the charity's tangible fixed
assels lund. A decision was made to differentiate these from the general fLJnds and other
designated funds In recognition of the fact that the tangible fixed assets are used in the day-
to-day work of the charity. The fund value, therefore, cannot be realised with ease or wilhoul
jeopardising the ongoing work of the reporting charity.
Free reserves available lo support the work of the sisters in the future are those shown on
the balance sheet as general funds and, at 31 December 2021, equated to £46,538
12020 £31,640) for the reporting charity. Al the dale of the balance sheet, free reserves
were within the armounl iriherenl in the policy.
This level of reserves is deemed appropriate, and the ttuslees are content th31 the charily is
a going concern.
Future plans
The trustees are looking al thè lulure needs of the members supported by the reporting
charity to ensure that each member is fully supported in her ministry while able to continue
lo serve the community.
The trustees do not anlicipale any significant change lo the charity and its other a¢livilies
during 2022 although il is anticipated that one ol the charity s properties will be disposed of.
11 Is the intention of the trustees lo conlinLJe to meet the charity's objectives of canng for
members ol Ihe Congregation and lo support the chadlable work of the sisters for the
foreseeable future.
Structure, governance and management
The Sisters of Sl Clare Charitable Trust i.e. th8 reporting charity Is governed by a trust deed
dated 10 December 1965 and is registered under the Charities Act 2011. Charity
Registration No. 0246649.
Organisation
In terms of Canon law, the Congregation is governed by the Abbess General 8nd her
General Council. They are ple¢led al a General Chapter or meeting of delegates elected by
all the Sisters of the Congregation. Members of the General Council are chosen for their
personal qualities, their understanding and experience of the ministries of the sisters
throughout the Congregation, and lo secure 8 good skills mix.
In terms of Civil law, the reporting charity is governed by a trust deed dated 10 De￿rnber
1965 and is registered under the Charities Act 2011, Charity Registration No. 0246649. The
ttuslees are appointed by the members of the Congregation. The trustees who served
during the year are shown on page 1.
The Sisters of St Clare Charitable Trust 7

Trustees, report 31 December 2021
Structure. governance and managemont Iconlinuedl
Organlsation (continued)
The trustees are Incorporated under the provisions of the Charities Act 2011.
The Iruslees are ultimately responsible for the policies, activities and assets of the charity
and also of the related charity. They meet regularly lo review developments with regard lo
the charities or their activities and rnake any important decisions. The day-to-day
management of the charities, activities and the implementation of policies 15 delegated to the
appropriate members of the Congregation. Management reporting lines are clearly dgfined,
and the IrLJslee5 receive regular reports and training as considered necessary to enable
them lo fulfil their responsibilities.
Key management personnel
The Iruslees consider that they comprise the key management in charge of directing and
controlling, running and operating the charities.
However, as noted above, the d2y-lo-day management is delegated to individual members
within each community. All trustees and the individual members of a community are
members of the Congregation and, whilst the living and personal expenses of Ih05e living in
England are borne by the charities, none of them receive any remuneration or
reimbursement of expenses in conneclion with their duties as trustees or work as key
managomenl.
Staten7ent of trustees, respon5ibilitles
The trustees are responsible for preparing the trustees, report and the account5 in
accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Acceplad Accounting Praclicel.
The law applicable to charities in England and Wales requires the Iruslees to prepare
accounts for each financial year which give a true and fair view of the slate of affairs of the
charity and ils linked charity and of the Income and expenditure of the charity and ils linked
charity for that period. In preparing these accounts, the Iruslees are required lo."
select suilable accounting policies and then apply them consistenlly-,
Dbserve the methods and principles ln Accounting 2nd Reporting by Charities..
Slalemenl of Recommended Practice applicable to charities preparing their accounts in
accDrdan¢e with the Financial Reporting Standard applicable to the Unitèd Kingdom and
RepLJblic of Ireland (FRS 1021.,
m8ke judgments and eslimales that are reasonable and prudent-,
slate whether applicable United Kingdom Accounting Standards have t>een followed,
subject to any material departures disclosed and explained in the accounts., and
prepare the accounts on the going concern basis unless il is inappropriate lo presume
that the ch8rity and its linked charity will continue in operation.
The Sisters of St Clare Charitable Trust

Trustees, report 31 December 2021
Structure, govemance and management Icontinuedl
Statement of trustees, responsibilities (continued)
The trustees are responsible for keeping proper accounting records that are sufficient lo
show and explain the transactions of the charity and ils linked Charity and disclose with
reasonable accuracy al any time the f1nancial posiliDn of the charities and enable them to
ensure that the accounts comply with the Charities Act 2011 and the related regulations and
the provisions of the charities, trust deeds. They are also responsible for safeguarding the
assets ol the charities and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Risk management
In addition lo acknowledging the challenges presented by the aftermath of the Covid-19
pandemic and the current geopolitical and macroeconomic climate, the Iruslees have
assessed the major risks to which the charity and ils related charity are èxposed. The
Iruslees believe that by monitoring reseNe levels, by ensunng Controls exist over key
financial systems, and by examining the operational risks faced by the charity and ils related
charity, they have established effective systems to miligale those risks.
The trustees are aware that there is both a moral and legal obligation lo Care for the older
members. None of the sisters have resources of their own as all earnings, pensions and
other income have been donated lo the charity under a Gift Aid compliant Deed of
Covenant. As the age profile increases, so too does the need lo provide Care for the sisters.
Key elements of the management of this risk are.. lal ensuring Ihal there are sufficient
firiancial resources lo finance this care both now and. in the years, ahead by ensuring that
funds are available in the future.. and Ibl ensuring that the sisters are accommodated in
properties that are SLJitable for their needs and also with other mèmbers of the Congregation
where the sislers receive tha necessary care and support.
Signed on behalf of the trustees
Sister Anne Kelly
Trustee
Approved by the Iruslees on.. 30 July 2022
The Sisters of St Clare Charitable Trust 9

Indep8ndent Examiner's report 31 December 2021
Independent examiner's report to the trustees of Roman Catholic Purposes In
Connectlon With The Congregation Of The Sisters of St. Clare in Ireland Ithe charity)
I report lo the charity trustees on rny examination of the accounts ol the charity for the year
ended 31 Dècember 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 I'the 2011 Act'l.
I r&port in respect of my exarninalion of your charity's accounts as carried out und8r section
145 of the Charities Act 2011 and in carrying out my examination I have followed all th8
applicable Directions given by the Charity Commission under seGlion 14515llbl of the 2011
Act.
Independent examinor's statement
I have completed my examinatiOT7. l Confirm that no mallers have come lo my attention in
onneclion with my examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of
the act,. or
• the financial statements do not accord with those records., or
• the accounts do not comply with the applicable requirements conceming the form and
conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and f8ir view, which is not a
matter considered as part of 8n independent examination
I have no concerns and have come across no other matters in connection with the
examination lo which attention should be drawn in this report in order to enaL)le a proper
understanding of the accounts lo be reached.
Amanda Francis, Chartered Ac¢ounlanl IICAEWI
Buzzacott LLP
Chartered Accountants
130 Wood Street
London EC2V 6DL
23 August 2022
The Sislers of St Clare Charitsble Trusl 10

statemant of financial activities Year to 31 December 2021
Unrestricted funds
2021
2020
Notes
Incomè from=
Oonalions
other sources
Total income
130,234
39,909
170,143
6,212
345.161
Expenditure on..
CharitaL￿& expendilu
Support ol mémbers tsf the Cong￿gatiOn and their rninislry
D(Jnations
Total •xp8n(liture
78.399
106.054
184,453
81,631
62,511
144.142
Net lexpenditurel Income and net movement in funds
114,3101
201.619
Reconciliation of funds..
alances brought fopNard at 1 January 2021
Balances carried forward at 31 December 2021
421,083
406,773
219.464
421,083
All recognised gains and losses have been included in the above slalemenl of financial
activities and hence a separato slalement of total recognisgd gains and losses has not been
prepared.
All activities of the reporting charity derived from continuing operations during the above two
financial periods.
The Sisters of Sl Clare Charitable Trust 11

Balance sheet 31 December 2021
2021
2021
2020
2020
Notes
Fixed a55ets
Tangible assets
361,140
389,443
Current assots
Cash al bank and in hand
50.933
40,840
current Ilabilitles
Creditors. amounts falling due
within One year
Net current assets
10
15.3001
19,2001
45,633
31,640
Total net assets
406,773
421,083
Represented by..
Funds and reservès
Reporting charity unrestricted
funds
Tangible fixèd assets fund
Ger)eral fund
361.140
45.633
406.773
389.443
31.640
421.083
Approved by the Iruslees and signed on their behalf by..
Sister Anne Kelly
Trustee
Approved on.. 30 July 2022
The Sisters of St Clare Charitable Trust 12

Prineipal accounting policies 31 December 2021
The principal accounting policies adopted, judgements and key sources of estimation
uncertaillty in the preparation of the accounts are laid out below.
Basis of preparation
These accounts have been prepared for the year to 31 December 2021 with comparative
information provided in respect lo the year to 31 December 2020.
The accounts have been prepaied under the historical cost convention with items
recognised al cost or transaction value unless otherwise stated in the relevant accounting
policies below or the noles lo these accounts.
The ac¢ounls combino. on a line-by-line basss, the results of the ch8rily and ils linked or
related charity (see note 151, made up lo the balance sheet datè.
The activities of the linked charity, The Sisters of St Clare Charitable Trust {Charily
Registration No 246649-11. ceased during 2017 following the Sale of a propety in
PDrthcawl. Further infom)alion on the cessation of activities by the linked charity is
provided in the notes to the accounts. Following the disposal of the linked charity's
property in 2017, ils nel assets were donated to the Generalale of the Congregation. The
objectives of the Gener21ale are consistent with the objectives of the linked charity and the
funds will be applied towards the support of the sisters, including those returning from
ovgrseas missions.
The accounts have been prepared in accordance with Accounting and Reporting by
Charities- Statement of Recommended Practice applicable lo charities preparing their
accoLJnls In accordance with the Financial Reporting Slandard applicable in the United
Kingdom a￿d Republic of Ireland Icharilies SORP FRS 1021 issued ori 16 July 2014, the
Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 and
the Charities Act 2011.
Both the roporting charrty and Ils linked charity constitute public benefit entities as defined
by FRS 102.
The accounts are presented in sterling and are rounded to Ihe nearest pound.
Critical accounting estimate5 and area5 of judgement
Preparation of the accounts requires the Iruslees to makè significant judgements and
eslimales.
The items in the accounts where these judgements and 8Stimates have been made
include..
eslimaling the useful economic life of tangible fixed assets., and
estimating the future income and expenditure flows of the charity for the purposa5 of
assessing going concern.
The Sisters of Sl Clare Charitable Trust 13

Principal accounting policies 31 December 2021
Assessment of going concern
The trustees have assessed whether the use of the going concem assumption is
appropriate in prepaiing these accounts. The trustees have made this assessment In
respect to a period of at least one year from the dale of approval of these accounts.
Linked charity
Al 31 December 2021, the linked charity had no assets ar)d no liabilities. Since 31
December 2017 il has remained dormant and will continue lo do so until such time as a
decision is made to remove il from the Register of Charities.
Reporting charity
The trustees have assessed whether the use of the going concern assumption is
appropriate in preparing these accounts. The Iruslees have made this assassmenl in
respect lo a period of at least one year from the date ol appiovèl of these accounts.
The Iruslees of the charlty have concluded that there are no material uncertainties related
to events or conditions that may cast significant doubt on the ability of the Gharily lo
continue as a going concern. The Iruslees are of the opinion that the charity will have
sufficient resources lo meet ils liabilities as they fall due. The most significant area5 of
judgement that affect items in the 2ccounls are detailed above.
Income recognitlon
Income is recognised in the pefiod in which the charities have entittemenl lo the income,
the amount can be measured reliably, and it is probable that the irLcome will be received.
Income Comprises donations and miscellaneous income. Miscellaneous income includes
income from charitable activities such as contribullons from visitors and other sundry
income.
Donations, including salaries and pensions of individual religious received under Gift Aid
or deed of covenant. are recognised when the charities have confirmation of both the
amount and settlement dale. In the event of donations pledged bul not received. the
amount is accrued for where the receipt is considered probable. In the event that a
donation is subject to con(Sitlons thai require a level of pefformance t)efore either charity 15
entitled to the funds, the illcome 15 delerred and not recognised until either Ih05e
conditions are fully mel, or the fulfilmenl ol those conditions is wholly within the control of
the relevant charity, 8nd il is probably that those conditions will be fulfilled in the reporting
period.
The surplus on the disposal of tangible fixed assets is calculated as the difference
between the sale proc6ecJs nel of sale cost5 2nd the nel book value of the asset
immediately prior lo disposal. It is accounted for once legal completion of the disposal has
taken plac8.
Other income is m8asured al fair value and accounted for on an accruals basis.
In a¢¢ordance with the Charities SORP FFiS 102 volunteer time is not recognised.
The Sisters of St Clare Charitable Trust 14

Principal accounting policies 31 December 2021
Expenditure recognition
Liabilities are recognised a5 expenditure as soon as there is a legal or constructive
obligation commilling either charity lo make a payment to a third party, il is probable that a
transfer of econornic benefits will be required in settlement and the amount of the
obligation can be tneasured reliably.
All expenditure is accounted for on an accruals basis. All expenses are allocated ID the
applicable expenditure headings. The majority of expenditure is directly attributable and
any sPPOrtionmenl between headings is negligible.
Expenditure ori charitable aclivilies includes all costs associated with furthering the
charitable purposes of the ielevant charity through the provision of ils charitable activities
and includes..
Expenditure on the support of members of the Congregation and their ministry. Such
expenditure enables the members to carry out the work of the relevant charity In the areas
of the advancement of the Roman Catholic faith, the relief of poverty and supporting the
other charitable attlivilies of members of the Congregation.
Grants and donations to SLJPPOrt the CongregatlDn's own work overseas and lo support
other charitable organisalions with objectives consistent with those ol the relevant charity.
All expenditure is slated inclusive of irrecoverable VAT.
Support and governance costs
Support costs represent indirect charitable expenditure. In order lo carry out the primary
purposes of the charities it is necessary lo provide support in the form ol financial
procedures, provision of office setvices and equipment and professional fees.
Governance costs comprise the costs involving the public accountability of the relevant
charity (including audit costs) and costs in respect to its compliance with regulation and
good practice.
All expenditure on support and govemance is allocated lo Ihe charitable activities of care
of members of the community and enabling their ministry as any costs in relation lo
provision ol donations and grants or raising funds is considarÈd lo be minimal.
Tangible fixed assets
All assets costing more than £1,000 and with an expected useful life exceeding one year
are capitalised.
Freehold land and buildings
Non-specialised buildings i.e. those designed as, and used wholly or rnainly for,
private residential accommodation. They ar9 stsled in the accounts al historical cost.
Such buildings are not depreciated. Their value and conditions are reviewed annually
by the trustees, who 8re satisfied that their residual valLJe is not materially less than
their book value.
The Sisters of St Clare Charitable Trust 15

Principal ac¢ounting policie5 31 December 2021
Tangible fixed a55ets Iconlinuedl
Motor vehicles. furniture and equipment
Motor vehicles are capitalised and depreciated over 3 five-year period on a straight-
line basis in order lo write off the cost of each vehicle over its estimated Ljseful life.
Equipment is depreciated over len years on a straighl-line basis in order to write off
the cost of each asset over ils estimated useful life.
Debtors
Debtors are recognised al their settlement amount, less any provision for non-
recoverability. Prepayments are valued al the atnounl prepaid. They have been
discounted lo the prgs8nl value of the future cash receipt where such discounting is
material.
Cash at bank and in hand
Cash al bank and in hand represents such accounts and instruments that are 2vailable on
demand or have a maturity of less than three months from the date of acquisition.
Creditor5 and provisions
Creditors and provisions are recognised when there is an obligation al the balance sheet
date as a result of a past event, it is probable that a transfer of economic benefit will be
required in selllement, and the amount of the settlement can be èslimaled reliably.
CrediloTS and provisior)s arè rocognised at the amount the charity anticipates it will pay lo
sellle the debt. Creditors are discounted lo the present value of the future cash payment
where such discounting is material.
Fund structure
Each charity's funds comprise unreslricl8d income fund5 which are available for
application towards that charity's objectives. Within such funds the trustees have identified
those non-liquid funds represented by tangible fixed assets.
Services provided by members of the Congrggation
For the purposes of these accounts. no monetary value has been placed on the
adminislralive and other services provided by members of the Congregation.
The Sisters of Sl Clare Charitable Trust 16

Notes to the accounts 31 December 2021
1 Income from.. Donations and legacies
2021
2020
Salaries and pensions of individual religious received under Gift Aid Dr
Deed of Coven8llt
Contributions frorn tho Congregation'5 G8ner8lale in Ireland (note 151
General donations
119,134
7.500
3.600
130,234
121,550
214.807
3,192
339,549
Contributions from thè Congregation's Genèralale in 2020 Include £205,807 towards the
purchase of a freehold propety.
2 In¢ome from.. Other sourcos
2021
2020
Fuel allowanee
300
300
Surplu5 on dispos81 of tsngible fixed assets- freehold property
Miscellaneous
33.823
5,786
39,909
5.912
6.212
3 Expenditure on- Support of members ofthe Congregation and their ministry
2021
2020
Premises
23.546
42.15
4,424
18,778
44,511
3.293
Siste￿. living and personal expenses
Education, training and spiritual renewal
Support costs
General adrninistration and support
Governance costs Inote 51
4.671
3,600
78,399
5,649
9,400
4 Expendlture on.. Donations
The charities make donations principally in support of the overseas work of the
Congregalion of the Sisters of Sl Clare and other causes which further the Christian faith
and alleviate poverty.
The donations paid during the year were as follows..
2021
2020
Contributions to the Congregation's Generalate In Ireland (not8 151
Donations tu inslilulions
Donations to individuals
102,823
890
60,000
785
2,341
106,054
1.726
62,511
Donations lo individuals comprise a number of small monetary gifts aimed al relieving
poverty by enabling the recipients lo purchase food, clothing, elc.
The Sisters of St Clare Charitable Trust 17

Notes to the accounts 31 December 2021
5 Govemancg ¢OSt5
2021
2020
Audilor's remuneration- statutory audit
Independent examination lees
11,7001
5,300
3.600
9,400
9,400
6 Net lexpenditurel income and movement in funds
This IS Staled after charging Icredilingl..
2021
2020
Sl8ft usts (note f I
Independent exatniner l audit lees
Current year
Prior year
Depreci8tiori
Surplus on disposal of tangibl8 fixed assets
2,284
2.832
5.300
11,7001
303
9,200
200
3,60D
133.8231
7 Staff costs. key management personnel and trustees, remuneration
The reporting charity incurred staff costs of £2.284 during the year 12020 £2,832) in
respect to one individual 12020 onel-
Staff costs relate lo support of members ol the Congregation. No employee earned
£60,000 per annum or more (including taxable benefilsl during the year12020- none).
As members of the Congregation, certain of the trustees, living expenses during the year
were borne by the charities. No trustee received any remuneration or reimbursement of
expenses in connection with their duties as trustees during the year12020 £nill-
The members of the individual communities who are responsible for the implemenlalion of
the Iruslees, policies al community level are also members of the Congregation and their
living expenses during the year were bome by the charity. The members did not receive
any remuneration or reimbursement of expenses in connection with their duties during
2021 or 2020.
8 Taxation
Both the reporting charity and the linked charity are registered charities and, therefore. are
not liable lo income lax or corporation tax on income derived from th8ir charitable
aclivilies, as it falls within the various exempliDns available to registered charities.
The Sisters of St Clare Charitable Trust 18

Notes to the accounts 31 December 2021
9 Tangible fixed assets
Fretrhold
land 3nO
MolDr
vehicle8
and
eouipment
non-sperialised
Total
At COSt
A.. 1 January 2021
Additions
386.807
33,318
3,029
423,214
iSPDsa15
Al 31 DeGernber 2021
128.0001
358.807
128,0001
395,214
33.378
3,029
Depreciation
Al l January 2021
Charge In the year
At 31 Dec￿nber 2021
33.378
393
33,771
303
303
33.378
696
34,074
Net book Values
Ai 31 December 2021
358,807
2.333
361,140
389,443
At 31 December 2020
386,807
2.636
As explained under principal accounting policies, the book value of the non-specialised
land and buildings shown above Is Stated al historical cost. As permitted by FRS 102.
both charities have continued lo adopt a policy of not revaluing their tangible fixed assels.
11 is likely that there are material differences be￿een the open market values of each
charity s non-specialised land and buildings and their book values. The amount of such
differences cannot be a5Gertained without incurrillg significant Costs, which. in the opinion
of the Irustebs, is not justified In terms of the benefit lo the users of the accounts.
Other tangible fixed assets are slated al cost.
10 Creditors: amounts falling due within one year
2021
2020
Accruals and other creditors
5,300
9,200
The Sisters of St Clare Charitable Trust 19

Notes to the accounts 31 DecembeT 2021
11 Tangible fixed assets fun
2021
2020
At 1 January
Nel movément in year
At 31 December
389,443
128,3031
361,140
186,236
203,207
389,443
The tangible fixed assels funds represe￿1 the nel book value of each charity's tangible
fixed assets. A decision was made to separate these funds from the general funds of each
charity in récognition of the fact that the tangible fixed assets are èssential lo the day-to-
day work of each charity and as such their value should not be regarded as funds that
would be realisable with ease, in order to meet future contingencies.
12 Analysis of net assets between the reporting charlty and the linked charity
2021
2020
Fund balances at 31 Decgmbor arg represenlgd by-.
Tangible fixed assets
Cash al bank and in hand
Creditors". amounts falling due within one year
Net current 3ssets
361,140
50,933
15,3001
45,633
406,773
389,443
40,840
19,2001
31,640
421,083
Total net assets
There are no unre31ised gains included in tre assets of th8 reporting or the linkgd charity.
13 Ultimate control
The charities, both of which are conslituled as a Irusl, were controlled throughout the
period by The Congregation of the Sisters of St Clare by virtue of the fact that the Abbess
General of the Congregation and her Councillors comprise the Iruslees. The English
Region does not hold any assets, incur liabilities or enter into any Iransa¢lions in its own
right. Assets and liabilities of the English R￿lOn are vested in Ihe trustees of the charities,
who undertake all Iransacb'ons entered into in the course of the Region's charitable
aclivilies.
14 Uniting direction
Following an application lo the Charity Commission, the reporting and linked charities
were issued with a Uniting Direction under section 12111 of the Charities Act 2011 . Roman
Catholic Purposes lrn Conr)eclion With The Congregation ol the Sisters of St Clare In
Ireland (Charity Registration Number 2466491 is the reporting ¢harily and its related
charity, Roman Catholic Purpose5 In Connection With The Congregation of the Sisters of
Sl Clare In Irelané - The Porthcawl Charity (Charity Registration Number 246649-11 is the
linked Gharity.
The effeci of the Unlling Direction for accountancy and reporting purp05e5 15 that a 5insle
sel of a¢counls is presented for the charities combined. Under Ihe Uniting Direction.
both charities continue lo exist as independent entities in all other respects.
The Sisters of Sl Clare Charitable Trust 20

Notes to the aceounts 31 December2021
14 Uniting direction Iconlinuedl
As previously noted, the linked charity is now dormant and will remain as such until such
lime as Iruslees decide lo agply to the Charity Commission lo have the linked charity
removed froffl the Register of Charities.
15 Connected charity and related party transactions
The reporting charity and the linked charity Inole 14} are connected ID the Congregation's
Generalate (which has charitable status in the Republic of Ireland) as a result of the
charities, Iruslees also being trustees of the Irish charity.
During th& year the following transactions took place between the reporting charity and the
Insh charity..
2021
2020
Transactions durlng the year
Settlement of professional fees and expenses by the Generalate on
behalf of the charities (note I)
Contribution received toward property purchase Intste 11
Contributions paid (note 41
17,5001
19,0001
1205,8071
60.000
102,823
Included within contributions paid to the Generalale in 2021 is an amount equivalent lo the
nel proceeds from the disposal of the freehold property in the year i.e. £61,823.
There were no related party transactions be￿een the linked charity and the
Congregation's Gener8late12020 - none).
There were no other re12ted party Ir8nsaclions during the year requiring disclosure12020-
none}-
The Sisters of St Clare Charitable Trust 21