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||Page|Page|
|---|---|---|
|Relevant Addresses|||
|Trustees’ Report|2—10||
|Independent Auditors’ Report|11|- 14|
|Statement of Financial Activities|15||
|Baance Sheet|16||
|Notes to the Financial Statements|1 7|- 26|





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||Notes|Expendable|Expendable|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||Endowment||Funds|Funds|Funds|
||||Funds||||
||||2020|2020|2020|2019|
||||£|£|£|£|
|INCOME AND ENOWMENTS|||||||
|FROM:|||||||
|Donations|||-|-|-|220|
|Other trading activities|||||||
|Sisters’ pensions|||-|47,397|47,397|45,459|
|Investments|3||37|2,716|2,753|30,021|
|Other income|4||-|-|-|1.665|
|Exceptional income|5|||35,000|35,000||
|Total income|||37|85.113|85,150|77,365|
|EXPENDITURE ON:|||||||
|Raising funds|||||||
|Investment managers’ fees|||97|6,728|6,825|7,062|
|Charitable activities|6||656,459|866,776|1,523,235|1,671,054|
|Total expenditure|||656,556|873.504|1,530060|1,678.116|
|Net gans on investments|8||18,446|1,284,995|1.303,441|1,792,527|
|Net incomel(expenditure)|||(638,073)|496,604|(141,469)|191.776|
|Transfers between Funds|11||103,562|(103,562)|-||
|NET MOVEMENT IN FUNDS|||(534,511)|393,042|(141,469)|191,776|
|FUNDS BROUGHT FORWARD||£|534,511|£15,136,627|£ 15.673,138|£ 15.481,362|
|FUNDS CARRIED FORWARD|11|£|-||£15531669|£15,673,138|





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|||2020|2019|
|---|---|---|---|
||Notes|£|£|
|FIXED ASSETS||||
|Tangible assets|7|902917|934,271|
|Investments|8|14,340514|14,627,073|
|||15,243,431|15,561,344|
|CURRENT ASSETS||||
|Debtors|9|2,279|1,233|
|Cash at bank and in hand||301,946|132,986|
|||304,225|134,219|
|CREDITORS: Amounts falling due within one year|10|(15,987)|(22,425)|
|NET CURRENT ASSETS||288,238|111,794|
|TOTAL NET ASSETS||£ 15.531.669|£ 15,673,138|
|RESTRICTED FUNDS:||||
|Expendable Endowment Fund||||
|-PropertyFund|11|-|534,511|
|UNRESTRICTED FUNDS:||||
|General Fund|11|12,337,701|12,295,369|
|Designated Funds||||
|- Community Support (previously Community Relief) Fund|11|1,837,690|1,600,000|
|- Internationat Mission Fund|11|1,356,278|1,243,258|
||12|£Jj53t,ffi9|£ 15,673,138|



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|Land|||Nil|
|---|---|---|---|
|Buildings|and|property improvements|2.5%|
|Furniture|and|equipment|25%|



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||2020||2019|
|---|---|---|---|
||£||£|
|Dividends and interest from listed investments|2,619||28,542|
|Bank interest|134||1,479|
|||£|30.021|



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|||2020||2019|
|---|---|---|---|---|
|||£||£|
|Reimbursed|expenses|||1,665|
||||£|1.6|



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|||||Total|Total|
|---|---|---|---|---|---|
||Other|Depreciation||2020|2019|
||£|£||£|£|
|Charitable activities||||||
|Charitable donatEons|933,354||-|933,354|930.081|
|Sisters’ Uving expenses (6a)|59975||-|59975|63,865|
|Contribut ors to the||||||
|Congregation Office|415,124||-|415124|550,212|
|Genera’ expenses (6b)|83,428|31,354||114,782|126.896|
|Total resources expended|1.491.881|31|.354|1.523.235|jf_Q54|
|The charity has no employees.||||||
|||||2020|2019|
|||||£|£|
|Charitable expenditure includes:||||||
|Auditors’ remuneration:||||||
|Audit||||13,750|13.125|
|Other services||||10.300|9.320|





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|||2020||2019|
|---|---|---|---|---|
|||£||£|
|a)|Sisters’ living expenses:||||
||Groceries|14,097||7,244|
||Heat, light and water|2,381||11,249|
||Personal|3,440||5,386|
||Rent|27,761||25,771|
||Other|12,296||14,215|
|||£..5.9.915|£|63.865|
|b)|General expenses:||||
||Depredation|31,354||25,133|
||Repairs and renewals|642||Z239|
||Travel, events and assemblies|8,956||5,364|
||Insurance|773||1,211|
||Medical|28,582||60,364|
||Education|336||254|
||Legal and professiona fees|27,679||12.736|
||Governance costs|14,965||14,381|
||Other|1,495||5,214|
|||£_t14262|£|126,896|



## 

||Freehold||Furniture|||
|---|---|---|---|---|---|
||Land and||And|||
||Buildings|Equipment|||Total|
||£||£||£|
|Cost||||||
|At 1 January 2020|1.143.121||95,026||1,238.147|
|Additions|-||-||-|
|Disposals||||||
|At 31 December 2020|1,143.121||95,026||1,238,147|
|Depreciation||||||
|At 1 January 2020|217,936||85,940||303,876|
|Charge for year|28,578||2,776||31,354|
|Disposals||||||
|At 31 December 2020|246.514||88.716||335,230|
|Net Book Value||||||
|31 December2020|£...i9Lfi1|LL31Q||C9D2.91Z||
|31 December2019|?_5r185|£|9.086|£|934.271|





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|8.|INVESTMENTS|||
|---|---|---|---|
|||2020|2019|
|||£|£|
||Market value at 1 January 2020|14,627,073|14.320,130|
||Purchases|-|10.488,000|
||Disposals|(1,590,000)|(11.973.584)|
||Revaluation gains|1,303,441|1.792,527|
||Market value at 31 December 2020||£t4627.Q73|
||Historical cost as at 31 December 2020|£11215947|£13,859,129|
||Listed investments in pooled funds comprise;|||
||UK equities|372,011|434.791|
||Overseas equities|8,125,427|7,751,869|
||UK fixed interest securities|2,501606|2,608.303|
||Overseas fixed interest securities|1,963,201|1,910,230|
||Cash|37,334|438.440|
||Total of listed investments|12,999,579|13,143,633|
||Unlisted investments|1,340,935|1,483,440|
||||£146,Z7,012|
||The above investments are held by the following fund|||
||managers:|||
||Vanguard|8,158,146|8,088,064|
||BlackRock|3,079,232|3,215,868|
||PIMCO|2,209,303|2,249,424|
||North American Forestry Investment Trust|342,151|363.452|
||Adaxia Clean Tech private equity fund|28,868|26.247|
||Anglo Irish Bank (bank deposits/government bonds)|34,887|214,401|
||Blue Orchard Microfinance fund|341740|322,636|
||Delta Venture Capital Fund|146,187|146.982|
|||£14340514|£14,627,074|







## 

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||Balance at 1||||||Transfer||Balance at|
|---|---|---|---|---|---|---|---|---|---|
||January|Incoming||Outgoing||Investment|between|31 December||
||2020|resources||resources|gainsl(Iosses)||funds||2020|
||£||£|£||£|£||£|
|Unrestricted||||||||||
|funds||||||||||
|General fund|12.295.369||84408|(871663)||934,280|(104693)|12,337,701||
|Designated||||||||||
|funds||||||||||
|International||||||||||
|Mission fund|1,243,258||227|(592)||113,020|365||1,356,278|
|Community||||||||||
|supportfund|1.600.000||478|(1.241)||237,690|766||1,837,690|
||2,843,258||705|(1836)||350,710|1,131||3,193,968|
|Total||||||||||
|unrestricted|15,138,627||85,113|(873,499)||1,284,990|(103,562)|15,531669||
|funds||||||||||
|Expendable||||||||||
|endowment fund||||||||||
|Propertyfund|534,511||37|(656,556)||18,446|103,562|||
|Total funds|15,673,138|-|85,150|L1.530.055)|—|1,303,436||15.531.669||





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|1.<br>FUNDS: Mo|vements in 201|9 comparative|year||||
|---|---|---|---|---|---|---|
||Balance at||||Transfer|Balance at|
||1 January|incoming|Outgoing|investment|between|31 December|
||2019|resources|resources|gainslOosses)|funds|2019|
||£|£|£|£||£|
|Unrestricted funds|||||||
|General fund|12.060,627|73,670|(1.678.116)|1.545.243|293945|12.295.369|
|Designated funds|||||||
|International|||||||
|Mission fund|1.081,305|-|-|161.953|-|1,243.258|
|Communityrelief|||||||
|fund|1,600,000|-|-|-|-|1,600,000|
||2,681.305||-|161,953||2,843,258|
|Total unrestricted|||||||
|funds|14,741,932|73.670||1,707.196|293.945|15,138.627|
|Expendable|||||||
|endowment fund|||||||
|Property fund|739,430|3.695||85,331|(293.945)|534,511|
|Total funds|i5,,41.362|77.365||1.792.527|-|15,673,138|






## 

||Fixed|Investments|Net current||
|---|---|---|---|---|
||assets||assets|Total|
||£|£|£|£|
|Unrestricted general funds|902,917|11,146,546|288,238|12,337,701|
|Designated funds||3,193,968|-|3,193,968|
|Expendable endowment fund|||||
||902.917|14.340,514|288.238||
|ANALYSIS OFASSETS BETWEEN’|FUNDS C|OMPAR,4TIVE YEAR 2019|||



|||Fixed|Investments|Net current||
|---|---|---|---|---|---|
|||assets||assets|Total|
|||£|£|£|£|
|Unrestricted|general funds|934271|11,249,304|111,794|1Z295,369|
|Designated|funds|-|2,843.258|-|2,843,258|
|Expendable|endowment fund|-|534.511|-|534.511|
|||934.271|14,627,073|111.794|15.673.13B|



## 

||operating leases as follows:|||
|---|---|---|---|
|||2020|2019|
|||£|£|
||Rent for property in London|||
||Within one year|||
|14.|FINANCIAL INSTRUMENTS|||
|||2020|2019|
|||£|£|
||Basic financial assets measured at fair value|14340,514|14,627,073|
||Basic financial assets measured at amortised cost|301,946|132,986|
||Basic financial liabilities measure at amortised cost|(15.987|(22,425)|



|||2020|2019|
|---|---|---|---|
|||£|£|
|Total|dividend and interest income for basic financial assets|2,753|30,021|
|Total|gains? (losses) in respect of basic financial assets|1.303.441|_1192â22|
||||Page 25|





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|||Expendable|Unrestricted|Year|
|---|---|---|---|---|
|||Endowment|Funds|Ended|
|||Funds|||
|||2019|2019|2019|
|||£|£|£|
|INCOMEAND ENOWMENTS FROM:|||||
|Donations||-|220|220|
|Other trading activities|||||
|Sisters’pensions|||45.459|45.459|
|Investments||3.695|25.326|30.021|
|Other income|||1.665|1.665|
|Total income||3.695|73.670|77,365|
|EXPENDITURE ON:|||||
|Raising funds|||||
|Investmentmanagers’fees||-|7,062|7,062|
|Charitable activities|||1,671,054|1.671,054|
|Total expenditure|||1,678.116|1,678.116|
|Net (Iosses)/gains on investments||85.331|1,707,196|1.792,527|
|Net Income||89,026|102,750|191,776|
|Transfers between funds||(293.945)|293,945||
|NETMOVEMENT IN FUNDS||(204,919)|396,695|191,776|
|FUNDS BROUGHT FORWARD||739.430|14.741.932|15.481.362|
|FUNDS CARRIED FORWARD|£|534,511|£15.I3&627|£ 15,673.138|