INSTITUTE OFTHF. DAUGHTERS OF MARY HELP OFCHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO (Registei-ed Charity Number: 2S0888) (Charity Registered in Scotland No SC039657) TRUSTEI ES, REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2020 HaysmacintyJE LLP CharteiEd Accountants Registered AuditOl'5 London
INSTITUTE OTr THF. DAUGHTF,RS or MARY 14r.Ll) OF CHRISTIANS OTHERWISE SALf.SlAN SISTEIRS OF ST J014N BOSCO TRUSTEES ANNUAL RC4 PORT FOR THE YEAR F.NDED 31 DECEMBER 2020 The Trustees present theii. report and financial stateinents for the year eDded 31 December 2020. These have been prepared undei. the provision of thc Stateinent of Recoinmended Practic¢ foT Charities (SORP 2015) (Second Edition, effective I Januai'y 2020) and coimply with all statutory I'equireinents and the charity's governing dociiinent. REFE4 RE4 NCE AND ADMINISTRATIVF, DETAILS FMA Trllstee5'. Sister Constance Cameron Sister Pauline Clark Sister Patricia Devinc Sister Bernadctte Cassidy Sister Anne Frances McNamee (Provincial Superior until 31 August 2020) (Provincial SiipeTior froin 31 August 2020) (Provincial Vicar) (Provincial Bui'sar & Councillorl (Councillor) Addres5'. 64 Dowhills Road Blundellsand5 Liveiyool L23 8SP Tel.'0151924 8212 Fatebook.. Salesian Sisters UK Charity Registration No.. 250888 Charity Registered in SC039657 Scotland No.. Solicitors: Wi'igleys Solictois LLP 19 Cookridgc Street Leeds LS2 3AG Auditors.. HaysmacintylE I.I.P 10 Quecn Street Place London EC4R IAG Bankers.. Barclays Bank plc Chert5cy Branch Walton on Thaines Group POBox193 8112 Chui'ch Stseet Walton on Thaiiie5 KT12 2YW Governing Instrument.. Trust Deed dated 7 August 1962 and 6 Septcinbei. 1965, and as amended by Chai'ily Comini55ion Scheine dated l August 1997 Objects.. Siich charitable plli'poses as sliall advance the Itligious and other charitable work of the Province of ihe Society, wliich includes England and Scotland, as the Trustecs with the approval of tlie Supei'ior shall fi'oin tiine to lime, (hink fit. Investment Powers: Under the Trust Deed their are no liinitations on the Tti]stees' power of invesknnent.
INSTITUTF. OFTHF. DAUGHTF.II8 OF MARY HF.LP OFCHRISTIANS OTHF,RWISE SALF.SIAN SISTF,RS OF ST,IOHN IIOSCO TRUSTEES AP4NUAL REPORT FOR THE YEAR ENDEID 31 DEICEMBER 2020 INTRODUCTION The charitablc trust is constitiited by a TIu5t Decd dated 7 August 1962 and a Deed dated 6 September 1965 and its principal objcct is to promote the religious and other chai'itable work in the Pi'ovince, carried out by the Society, the Institiite of The D(iughters of Mary Help of Christians (more familiarly known as "The Salesian Sister5 of St John Bosco" or "Salesian Sisters"). A scheme dated l August 1998 widened the tei'ms of the I'ru5t Deed to "shall advance the religious and other chai'ilable work of the Province of the Society which includes England" The Institute of the Daughters of Mary Help of Christians is an international religious congregalion of Roman Catholic women governed by its own Constitutions. Woi'ldwide it counts 11,791 membei's and is divided into 85 pi'ovinces. 'fhe Sisters serve in 1,363 Communities across 96 Nations. Since its foundation iii 1872 it has been engaged in religious and otlier chai'itablc work, paiticularly education and the development of the young. Its Genei'alate is located in Rome. The accounts accompanying this I'eport are the accounts of the charitable trnst under which the assets of the Institute in the Province are held. The Sisters arc ti'ained as mcmbers of thc Instittitc. Thcy i'cceive the fuithei. education and training neces8ary to become professionally qualified to take part in the activities of the Province and are also given the upporlunity to keep abreast of developments in their particular field of activity and lo broaden their experience in both the Teligious and secular spheres. COVID-19 With regards to our investments we began 2020 with a degree of optimism, however. returns were eroded in the first quarter of 2020 following a sharp fall of 30-35 % in global equity markets as the economic cost of the Covid-19 pandemic began to mount. Aside from coi'onavirus, we have also liad lo contend with the uncertainty aroiind US Prcsidcntial elections and ongoing Brexit negotiations. In the same period, it is pleasing to say that the portfolio has fully recovered and has made a positive return yeai. to date. Whilst the outlook remains uncertain, it is important to remembei. that the investments are long tenn. 'I'his is reflected in the return of 7.2Q/o generated by the portfolio over the last 5 years. Investments are expected to continue to provide an income although this may be diminished in the immediate futui'e with the current situation. Howevei., investments assets are siifficient enough to finance thc activities of the charity if need be. Financially, the main income stream, Sistei's Salaries and Pensions, is expected to remain reliable and relatively consistent for the next yeai. at least. In line with Goven)ment guidance oui- Business Manager and Finance Assistant have worked from liome, successfully, since March 2020. They both iemain working from home. Two housekeepers, from Blundellsands and Battersea, wei'e furloughed fi'om March to September. We accegsed the Cjovernment Job Retention scheme during this time. Risk Assessments were completed in July 2020, prior to tlie housekeepers returning to the workplace, in accordance with Government Guidelines.
IN.STITUTF. OFTHF, DAIIGIITF,iis or MARY Iir.LP OF CHRISTIANS OTHFIIWISC SALf4SIAIY SISTf4 IIS OF ST JOHN IIOSCO TRUSTEES ANNUAL REPORT FOR TIIE YEAR ENDEID 31 DECEMBER 2020 The main impact of Covid-19 lias been the delivery of the Mission as travel has bccn severely i'estricted. In ol'der to keep Sisters safe visits lo cominunities were limited to only essential people. Government guid¢liiies were followed specific to each community. The Trustees have continued to meet regu]arly but have held theii. meetings via Zoom. They have also held regular meetings with the Invcstment Managers. The Sisters considei. that the charity will continue as a going concern for at least one year after the date of signing the accounts. STRUCTURE, GOVERNANCE AND MANAGEMENT In tenns of Canon Law the Superior General and hei. Council. who reside in Rome, govern the Inslitute at an inteimational level. 'I'hey are elected every six years at a Gencral Chaptcr a mceting of representatives from every Province. The Pi'ovincial and her Council govern the UK Province. The Provincial is appointed, for a period of six years. by the Superioi. General and her Council, after consultation with the members of the Province. The Provincial appoinls the Provincial Buisar, the Provincial Secirtai'y and Council members after consultation with thc Sistcrs of the Pi'ovince. The General Council confirms the appointments, which are for a maximum of three terms of three years for ouncillors and foul. terms of tILree years for the bursai. and seci'elai'y. The Provincial Council meets Inonthly. Any new appointees air fijlly bi'iefed on the aims and objectives of the chai'ity and rcceive inforniation and training if required as to their i'esponsibilities as a Tn]stee. The day to day management of the charity's activities and the implementation of policies are delegated to appi'opriate m¢mbers of tlie Provtiice. Thei'e al'e seven Coinmunities. Each Community is led by a Community Leader who is appointed by the Provincial and hei. Council. the appointment being confirmed by the General Council. There is also an appointed bursar in each community. She is responsible foi. the administration of the house in collaboi'ation with the Community Leader and sends a copy of the main accounts to the Provincial Bursar each month. At the end of the year the main poinls of these accounts are included with the Province accounts and sent to the Genei-al Bursar in Rome. The PIDvincial is required to visit each community at least once a year. During the year theiE is a system of accountability which operates throughout the Province so that the Provincial Council is kept aware of th¢ progress and development of the ministries in which the Sisteis of the Province are engaged.
INSTITUTE OFTHE DAUGHTF,RS OF MARY HE.LP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES AIYNUAL REPORT FOR THE YEAR ENDED 31 DEICEMBER2020 The Superior General or her r¢pi'esentative officially visits the Province every six years. In terms of Civil Law the Charity, registered number 250888, 15 goveilled by a Trust deed dated 7 August 1962, amended in 1965 and 1998. I'he Tiustees, who are all membeL'S of the Ch-itY and of the Provincial Council (apart from the Provincial Bursar who is a Trustee by virtue of her office), air appointed by the Provincial who is also a Tiustee. Four members of the Provincial Council are Trustees and Directols of the custodian trustee company. FMA Tiijstees Ltd (Company number 854256), whicli is wholly owned, on a non-beneficial basis. by members of the Institute. As members of the Institute. the Trustees are aware of the way the charity is administered. With the help of pi'ofessional advisers and through attendance at seminars and conference8 they update their kiiowledge of charity law and its rcquirements. Safeguarding "In i-esponse to the needs of Childi'en, Young People and Adults at RiskNulnerable Adults in today's society, we, the Daughtei's of Mary Help of Christians (Salesian Sisters) in Great BLltain, commit ourselves to piT)viding a safc and caring cnvii'onment whcrc all those with whom we work al'e encouraged to develop their full potential as individuals created in the likeness of God., (FMA Safeguarding Policy) One Sister is the Safeguarding Lead foi. the Province. I'he Safeguarding Lead liaises with and is supported by the Pi'ovincial. The Safeguarding Lead has been unable to attend, in person, any training sessions either in England oi. Scotland. this year, due to the Covid-19 pandemic restrictions. Both the Safeguai'ding Lead and the PTovincial have attended, in September, a Webinai. on Survivor l-raining - An Introduction to dealing with survivorslvictims of abuse. She has also ensured that all the Sisters, and employee's DBS and PVG forms are up-to-date. Genei'ally. the Poliey is i'eviewed illmually, but due to the publishing of the IICSA and Elliot Rcports in November 2020, the Safeguai'ding Lead is awaiting infoiThation on how the recommendations will affect our policy and procediires. Once these are given. Ihe Safcguarding Lead will update Ihc policy and procedui'es as rcquired by thc new regulations. As oui. Pi'ovince has communities in England and Scotland, the Safeguaiding Lead keeps up-lo-datc with the safcguarding laws and pi'ocedui'es foi each nation. Usually. we also have a training session during our anniial Provincial Assembly. but due to Covid-19 Restrictions this was unable to be delivei'¢d. Once the i'eslrietions arc lifted this practice will be resumed. 'I'he assembly is for all membei's, so dll are updated, and the Safeguai'diiig lead keeps all members abreast of changes as they're announced. We are also encouraged to follow Sateguarding Inservice online and DBS al'e checked and upd¢ltcd dui'iiig the yeai. a5 well as ai)niially. At the monthly PC meeting there is alway5 a time given spccifically to
Safeguarding and a report fi'oin the Safeguai'ding lead Iielps us keep abirast of aclions needed or polices to be amended
INSTITUTE OF THC DAUGHTfi,RS or MAIIY Hf.LP OF CHRISTIANS THERWISE SALCISIAN SISTEIIS OF ST JOHN 11()SCO TRUSTEES ANNUAL RCI PORT FOR THF. YEAR EINDED 31 DECEMBER 2020 Risk Management The Trustees have assessed the majoi. Tisks to which the charity 18 exposed, in paiticlllar those relating to the opei'ation and finances of the Trust, and are salisfied that systems (li'e in place to miligate exposui'e to majoi. risks. The '1 i'ustees review the Provincial Risk Assessment Policy twice a year. It is addi'essed in the Provincial Action Plan and monitoi'ed regularly. I'he effects that Covid-19 has had on the charity are dealt with in a separate section later in this report. The Trustees have identified three areas of Concern. The Trustees ar¢ aware of the ageing profile of the membership and are taking positive steps to addi'ess this by appointing one membei to woi'k, at national level, to piDmote new membership until Aiiglust 2020. As this Sistei. then took on the leadership of the Province the province is discci'ning thc b¢st way to take this forward. The performance of the inveslmeiit poitfolios is monitored on a monthly basis. Twice a year the Poi'lfolio Maiiagers attend a "Frustees, Meeting to address any concerns and to advise us on maximising income. Our property agents survey all our properties every two years and make iEcommendations in respect of maintenance. This has not happened this year because of Covid-19 and the business manager is working closely witli coininuniLie5 on essential tnaintcnanLe. We plan to suivey all our properties in spiing of 2022. Public Benefit In setting the charity's objectives, the Ti'ustee5 have given due considei'ation to the Charity Comini8sion's guidance on public benefit. How the charity fulfils thi5 obligation is covered in the sections below. Provincial Leadership ThrouO]out tlie ycar, Sistcrs and Co-workers share the iEsponsibility of carrying foi'wai'd the Vision and Mission of thc Province. Our Missioii is grouped into areas.. Youth Pastoral, Formation, Social Communications, Missions, Safeguarding and Salesian Family. There is an appointed co-ordinator for each of the areas who in turn acts as a point of i'eference with the Provincial Leadership Team and the Institute. They also take responsibility for cornrnunicating with the different gioup5 Wlthin their area of mission. Key Management l)ersonnel The key management personnel are the Provincial, Provincial Secretary and the Provincial Bursar. These membei's foi'eglo i'cn]unci'iltion foi the benefit of the chai'ity. As a result there is no policy foi. setting pay. Salaries aTe renewed annually for the 4+ staff employed.
INSTITIJTF, OF THF. DAUGII'I'LRS Op" MARY HELP or CHRISTIANS OTHERWISE SALEI SIAN SISI'ERS Ob ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECF.MBER 2020 FMA Provincial Vision 2016-2020 "Broade77 your Horizons and be with fhe young Missionaries of Hope andJoy. ' Charitygs Objeets The Charity's objects al'e such charitable purposes as shall advance the religious and other charitable work of the Pi'ovince of thc Society, which includes England and Scotland. as tlie Truslees with the appi'oval of the Superior shall fi'orn time to tinie, think fit. Objectives and Activities The charity's principal activities are to.. l. Provide education especially for disadvantaged young people 2. Relieve puverty 3, Provide human resouree5, building and services to local charities 4. Support and provide for its members Gi'ant5 Policy The charity 15 not a grant making charily, but makes some grants solely to its associated Charity. In the yeai. ended 31 December 2020 giw]ts were made to VIDES UK foi. training (annual). ••
INSTII'UTE OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 ACHIEVEMENTS AND PFRFORMANCL FOR PUBLIC BFNFFIT DUIUNG THE YEAR 2020 SUPPORTING MEMBERS OF THF PROVINCE In tlic year to 31 December 2020. the Salesidn Sisters continued to siippoit the membeis of the Institute in thc Province of (ireat Britain. The nuiiibei- of Sislei's in the Province at 31 December 2020 was 39 (2019- 40). Of these l is 31-40 years of age. l is 41- 50. 2 are 51- 60; 5 al'e 61- 70. 12 are 71- 80. 13 are 81- 90 and 5 are over 90 yeai's. The average age is 75.2 years. 14 12 io No. Of Si5tei$ 21-30 31-40 41-50 51-60 61-70 71-80 81-90 91-100 Age In conunon with many religious orders, the Sistei's are growing older and new members are few. The Province has both moral and legal obligations to provide for its members, who do not have resources of their own, having covenanted tlieir income to the Charity. They have all spent a significant pai't of their lives working with the young and the disadvantaged. As the Sisters become older, the cost of cai-ing for them increases. Our house in Cowley is designatcd for the care of the sick and elderly and is managed by St John of God Hospitaller Services, with full-time employed careis. Some Sisters are still being cared for in theii. local communities. Over the coming years the Trustees expect more Sisters to need speciali5ed care. This will have an impact on the work, propei*y requirements and finances of the Pi'ovince. During the year the Trustees have given consideration to this situation, and the retirement fund 15 being built up to provide for tlie futui'e. There is ongoing work on properties in order to makc thein more suitable for our agein8 communities and the needs of the Mission. The Trustees aim to enable Sisters to continue with their ministries, living in community houses as long as possible.
INSTITUTf OF THf, DAUC.HTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SI.STCI RS ()F &yTJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR EINDf4 D 31 DF.CF.MBER 2020 F.ducatinn- fnrmal and informal Education and developinent, especially of disadvantaged young people, have always been the main objectives of the Salesian Sisters. Due to the changes in formal education, the declining numbei's joining the Province and the agcing of oui present mcinbership, the Salesian Sisters changed the mode of their involvement in both sccondary and primary schools, as cii'cumslances requii'ed. One rnember continues to teach in a Catliolic maintained scliool, where she is able to emphasise the Christian, Catholic mcssagc. Onc Sister woi'ks as a youth worker and another as a counsellor. Four Sisters are school gove101.8. After many years employed in schools, sevei'al Sisters work in a voluntary capacity in schools. We are following the development of the Religiou5 Orders in Education discussions with paiticular interest in the continuation of our charism within the school of which we are trustees. Apait fi'om schools we continue our educative mission to children and young people in non-foimal cducation in various pi'ojects adapted to the needs of young pcoplc today. We continue to work iii youth clubs, patish catechetics, volunteering and rnusic ministry. There is growing involvement in parish and diocesan ministry. The Sisters are actively engaged with young peopLe and other5 in the following locations.. Battersea, Beck¢nham, Blundellsands, Cowley, Croxteth, Lasterhouse and Ncwlands. Since March 2020, du¢ to Covid-19, the possibilities for this have been limited. BATTERSEA, LONDON In Battersea, sinLe the i'efurbishment of the property, the Mission of H05Pitality has developed at a vcry notablc l'ate. Accoinmodation is now provided for students (young adults and FMA) to comc and studyllcaiT English. Several Sisters have also availed of the opportunily to use the house for private retreats. Obviously restrictions caused by Covid-19 have meant this was limited during lockdowns. though we were still able to receive two missionary Sisters fi'om Italy. In solidarity with our international institute this community welcomes and supports OLir Sisters who come to this country to learn English. Until August 2020, one Sister had the responsibility for co-oi'dinating Vocations througliout the Province, volunteeis 2 days a week in St Michael's School, Bermondsey and was a membei. of the Salcsian Editing Board. One Sister offers voluntary help in St. MAry's RC Primary Sehool. Until AugLisI 2020, one Sister was a Foundation Scl)ool Govcrnoi. in St. Michael's Catholie College, Bermondsly. 10
IIYSTITUTE OF THE DAUGHTERS OF MARY HE4 LP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OV STJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 BECKE< NHAM, LONDON The main Mission of the Community is providing a home foi. destitute Asylum seeking women. from February 2020, there wcre foul, two fi'om the Democi'atic Republic of Congo, one from Burkina Fa50 one from the Ivory Coast. One Sister volunteers in St. Mary's Catholic High Sehool 5UPPOrting the many pupils who have English as a secoiid language. She also lielps with catechesis in the local parish. Until January 2020, one Sister supported Churches Together. One Sistei. came from the Democratic Republic of Congo to suppoit the mission to the Asylum Seeker guests. BLUNDELLSANDS, LIVERPOOL Thi5 is thc Provincial Ilouse. The administration of the Province is conduLted here. One Sister continued to work on the organisation of the Ai'chival Centre. This pi'opcrty allows for Provincial gatherings and a place for holidays and breaks for our Sisters, family, friends and others. The Mission of this Conllnunity is also hospitality, although this has been limited by Covid-19 reslrictiolls Since M'Ch 2020. Until August 2020, one Sister was the Delegate for Salesian Schools. One Sister is a membei. of the Governing Body of St John Bosco Arts College. One Sister works voluntarily in All Saints Catholie Primary School, Bootle and supports the local p.1$h of St. Joseph and makes i'egular visits to local care homes. COWLEY, OXFORD One Sistcr volunteei's in Our Lady's RC Primary School. The staff and pupils visit thc house regularly foi. pastoral and spiritual support, and suppoit the Youth Club. One Sister is a Governor at Our Lady's RC Primary School. Until August 2020, one Sistcr was a member of tlie English Translation Group and until July 2020, the Europcan Salesian Schoo15 Commission. One Sister is the local Delegate for the Co-operators, Group. This is the Community whci'c oui. sick and elderly Sisters i'eceive (Ippropriate care. It i.s staffed with a team of carers who arc now employed and managed by St John Of God Hospitallei. Services. The level and qiiality of the service provided has been outsldndiii&F and had a significant impact. not only on our staff, but on the lives of our sisters.
INSTI"rui"E OFTHE DAUGHTEIIS OF MARY HLLP ofi CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN IIOSCO TRUSTEES ANNUAL REI PORT FOR THE YEAR ENDED 31 DECEMBER 2020 'I'he Mornesc Centr¢ whicli, with the help of benefactors, the Sistei's had built on theii land is used regularly foi a number of activities which benefit tlie local community. Thcse include, arnong other5, Junioi. Youth Club, Marriage Encounter and the monthly meetiiig ot- the Alpha coui'se. 'I'hese activities have been impacted due to Covid-19 resti'ictions. The facilities are also used by the school for conferences, meetings and retreat days. The Centre is run by its own committee, two niembers of which are Sisters. CROXTEI TH, LIVERPOOL St John Bo8to Arts College, Croxteth is a Catholic Voluntary Aided Girls, Comprehensive School in a depi'ived area of die city. The Salesian Sisters al'e the Trustees, owning the land and buildings. A ncw building, which meets current needs, was officially opened in July 2015. The number on roll is currently 1,026. The School has a lay head teachei.. One Sister is employed in the school, on a part time basis, as a Youth Woi'ker. Oui. Youth Worker continue5 to run a VIDES Friends, Club and the Salesian Spirituality Programme in the school until Covid-19 resti'ictions stopped the Club i'unning. One Sister is on the Governing Body of the Arts College. ybot trh6 book i One Sister is cmployed in the Laura VKcuna Ccnti'e of the College wherc She gives one-to-one siipport to students with social and emotional needs. She is cui'rently complcting hcr Post Grad Diploma Course in Play and Creative Arts Thei'apy which will be the main therapy offei'ed to the stud¢nts as well as Counselling. One Sister is responsible for the Provincial Archives. VIDF.S UK has ils otrice and meeting rooin in the coininunity house. A Sister is the Dll'ector and works withollt i'emuneration. Anotlier Sister is on the F,xecutive Committee. Its activities include youth leadei'ship training, running holiday schemes in needy areas in Britain and short and long-term voluntary work overseas. VIDFS voluntcci's from the UK and abi'oad Lomc to live and work, shai'ing in community lifc as part of the Outi'each Development 'l'eam. I'he Coinmunity offers hospitality for many meetings and evenls tluDughout tlic yeai.. Since March 2020. the face to face activities of VIDF,S have halted because of the Government restiictions put in place diie to Covid-19. Meetings and activities liave continued to take place using Zoom and various social media platfoiThs. This has helped to siipport Ilie volunteei's and yoiing people at a very dIlcult time. One Sistcr vi8ils three diffei'ent nursing Iiotnes in th¢ local area Lo lake Commuiiion and visit the sick. This lias beeii paused due to Covid-19 restrictions. 12
INSTITUTE OF THV. DAUC.HTERS OF MARY HV.LP OV CHRISTIANS OTHERWISF. SALF.SIAN SI.STERS OF ST,IOHN BOSCO TRUSTEES ANNUAL RF,PORT FOR THV. YF.AR F.NDF.D JI DECEMBER 2020 EASTERHOUSE, SCOTLAND One Sister teaches part-time in various local primary schools supporting immigrant children in language skills. Since August 2020, this has been reduced to one school because of Covid-19 restrictions. She also made appeals in Scotland on behalf of oui. missionary woi'k abroad until Mai'ch 2020 when Covid-19 restrictions pi'evented this from going ahead. This Sister is also the delegate for the local co-operators gi'oup. The Community hosts and co-ordinates a Salesian Spirituality Group. One Sister co-ordinates the appeals for our Missions in Englandlwales and Scotland. She also volunteers in St Andrews Secondary School when Covid-19 restrictions allow. This sister gives a short t(ilk on social media every week and is also the local delegate for the co-opei'ators group in Milton, Glasgow One Sister makes appeals on behalf of the Pi'ovince and she is also the Provincial dclegate for the co- opei?tors. Since Mai'ch 2020, she has fulfilled this role throu1 zoom meetings. One Sister makes appeals on behalf of the Province. Until the end of February 2020. one membei. of the Community worked as a voluntary Support at St Benedict's Primary School on a part time basis. This Sister then moved to our cornrnunity in Cowley. NEWLANDS, GLASGOW The mission of this community is "The UR Space Project" Sisters and Volunteers foTm the Community and ai'¢ fully involved in this. This Mission consists of outreach work to 5choo15, parishe5 and youth groups to provide opportunities for the young people to explore and deepen their faith and training for the volunteers in Salesian Spirituality and youth work skills. One Sister is responsible for our Pi'ovincial Social Network sites. One Sistci. is our represcntative for CRS (Confcrcnce of Religious in Scotland). One Sistei. is a member of Vocations Scotland Team. One Sister volunteers in the local Primaiy School one day a week when Covid-19 restrictions allow. 13
INSTITUTF. OF THf, DAUGHTF,RS OF MARY Hf4 LP or CHRISTIANS OTHF.RWISE SALEISIAN SISTCI RS or STJOIIN BOSCO TRUSTEES AP4NUAL REIPORT FOR THE YEAR ENDEID 31 DECEMBER 2020 SUPPORT FOR WORK OVII RSEI AS As parl of an international institute, the British Province has many links overseas. During this yeai. the Province ha5 sent financial suppoit to oui nominated Missions in Geoi'gid and Africa. Various activities were organised through the centres in Bi'itain in support of the institute's Work abroad. Donation5 were received and passed on through the Ccntral Office in Rome thus (tvoiding administrative costs. I'he communities also welcome young women from dbroad who coine to study English. PROPERTY As a support to Catholic education, the Province has made available school buildings and land at little or no l'ent at Cowley and Croxteth. UK VISAS AND IMMIGRATIOIY - HOME OFFICE We. the Daughters of Mary Help of Chiistians (Salesian Sisters), are licensed with the above aiithoiity for Tier 5 which means we can sponsor Religious Workers and Charity workers fi'om oul8ide the European Union and European Economic Aita. Applicalion foi. the appropriate Certificates will be made in the event of non-European Sisters or volllntecrs wishing to come to Great Britain while living in one of our Communities. We are also in the process of applying foi. Settled Status for the European Sisters within our Province. yo FOL (IliNC 14
INS'I'ITUTE OFTHE DAUGHTfi RS OV MAKY HELP OF CHRISTIANS OTHbllWISE SALEISIAN SISTF.RS OFSTJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THK YEAR ENDED 31 DECEMBER 2020 PROJECTS & CHARITIFS SUPPORTED BY SALESIAN SISTERS VIDES UK Reg5fEd ChatyNO 11&SYlb VIDES UK has, at ils heart, the training and development of voluntccrs (17+) to work wfith children and young people at home and abroad. It offei's a variety of diffcrent Salesian Projects. The volunteers work in areas of social disadvantage and high unemployment. U .' ii,:Spact Dots UR Space is a Salesian Outrcach Project set up by the Salesian Sisters, offering Gap Year Students (18+) the possibility to live in a Salesian Chi'istian Community and work with childi'en and young, people to explore and deepen theii. faith. Young people al'e at the heart of this pi'oject and the training and formation of the Volunteers is central to the mission of this Gap Year experience. Beckenham Project: Hosting Destltute Asylum Seekers The Beckenham Project was set up in Scptember 2016 in i'esponse to the refugee and immigration crisis that swept across Europe. The vision of ihis new mission is to create a home together to welcome, support and accompany destitute refugee womcn through our Salesian Presence. They will do that by.. being open to difference and respecting one anothei. working collaboratively with Housing Justic¢ and oth¢r Agencies suppoiting Asylum Seekers making time to pray. reflect and revisit the vision aiid mission Association of Salesian Co-operators The Association of Salesian Co-operators is composed of men and women who follow the spirit of the founder of the Salesian movement. St. John Boseo. sharing with thc Salesian Fathers and the Salesian Sisters the same charism within the Chui'ch. They woi'k particulai'ly for the good of young people, helping to build up the community in their local ai'eas, working in the mission of the Sisters wherever possible. Many work in sehools, parishes and outreach projects, making a real impact on the lives of the poor and especially of poor and disadvantaged children and young people wilh a particular focus on the family. In each Cenli'e, originally eslablishcd by the Salcsian Sisters, a Sister is appoinled a.8 tl)e Delegate, attends tlieir meetit)gs and offers ongoing Forinacion. 15
INSTITUTF. OF THF. DAUCwHTfi.RS OF MARY Hf4.LP (IF CHRISTIANS OTIIERWISF. SALCISIAN SISTFRS Oll. S'l. JOHIY BUSCO TRUSTEF.S ANINUAL RIPORT POR THF, YEAR ENDEID 31 DECEMBER 2020 SPOTLICHT Like many people, charities and businesses around the woi'ld. we have been impacted by the effects of Covid-19. Restrictions placed upon us tlii'ough national and i'cgional lockdowns. social distancing and the 'rule of 6, meant that many activities and gatherings planned for 2020 had to be cancelled, postponed or changcd. As Salesian Sisteis, we ensured that we maintained good leadership and governance of the Charity by still holding our Trustees, Mceting5 each month via techi)ologics such as Skype and Zoom. This allowed for us to continue our work in a way which was safe, effective and in kecping with goveriiment i'estrictions. Wc also used iechnology to kcep our communities connected. Some pi'ovincial gatherings, such as our Provincial Feast, were held via Zoom. This allowed all of our cominunities to paiticipate in the eveiit aiid to connect with each other. We also produced video messages to be shared with each other and give thanks to Sr. Connie as she caine to the end of her role as Provincial Lcadcr. Our Social Media pagc5 and those connected to us in VIDES UK and UR Space, continued to reach young people through their Digital Playgi'ound. Events were held throiigh Instagi'am and Zoom foi. young people lo come together for Formation and Recreational Activitics including quizzes, study lips. sharing I'ecipes and fun challenges. We felt that this was an esseiitial way of helping young people connect with others in a safe space, combatting the feeling of isolation and loneliness that Covid_19 seemed to bring. Our young Volunteers and some sisters also held a powerful and successful campaign to prornote Mental Healtli Awai'cnc5s Week. They made and shared videos of their own struggles willi Mental Health, shar¢d how volunteering helped them, gave tips on how to help Mental Health and also whcrc other young people could access help in limes of struggle. This campaign was successful and lots of peoplc engaged with it, higlilighting its nccd and relevance in Ilie currenl cliinale. Another way of rcacliing out and connecting in our Inission was our Salesian Online Book Club. As we journey towards the 150 Anniversary of the foiindation of our Institute we wantcd to promote tlie figure and spii'itualily of Si. Mary Mazzarello in a new way. We pi'ovided each pei'son with a copy of the book, "Jouiiieys to thc l.Icart" as another way of l'eaching out and providing some formation in SalLsian Spirituality. Around 35 people fmin around the United Kingdom (and I person fi'om Ge1'iany) signcd up to paiticipate in this. This Book Club moving online was due to Covid-19 but in reality it has had a greater impact as mo people can participate regardless of geO?phiCal location. Although we havc had Inany wonderful experiences of using technology to continue our mission and ability lo connccl with others, we have been well aware of the Digital Poveily present lo oui. young people and the disparity tliis crcales in Education. With the closures of schools and leaming moving online for many Students wc bceame aware of a high number of young pcople who did not have access to a device in order to access theii. teaching and leai'ning opportunities. In collaboi'ation with the school and Local Authority, we donatcd £50,000 lo thc St. John Bosco's Arts College to Inect thc shortfall in funding for all students to have a device they can use to access online learning. We have also reached out to families and young people in need around the piovince by providing each local coinmunity with some money which will be used to provide food or Lai'e packages for Christinas. We have been limited in what wc could do in 2020 but we have ti-led to l'each out as InLich as possible lo ensure that we can continue to help Iho8e in most need. Covid-19 caused many things to be cancelled but iicvcr oui. Inission to cach othci., tlic young and Ihe pool.. 16
INSTITUTE OFTHE DAUGIITEIRS OF MARY HY.I,P OF CHRI.8TIANS OT14ERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTF.F.S ANIYUAL REPORT FOR THF. YF.AR ENDED 31 DECEMBER 2020 FINANCIAL REI VIEI W The charity income of £807,994 in 2020 (20J9.' £1,172,960) and expenditure of £1,244,877 (2019: £1,347,630) resulted in net expenditui'e before net gains on investments in the year of £436,883 (2019: £174,670). Financial Dependence The Institute underpins the finances of the Province. During the year the Sisters have received some small sums from benefactors for theii. woi'k. Unless the donor states a specific use for such otTerings they are credited to the Gencral Fund to enable the Sisters, as part of theii cornmitmcnt to education, to subsidise educative events, with related tt2vel and accommodation costs, for young people. The Charity has links with VIDES UK which was set up by the Salesian Sisters. The Trustees of the Sale%iaii Sisters do not foi'm the majority of Trnstees of this Charity, which is not in the dii'cct control of the Salesian Sisters. The Charity made an annual donation to VIDES UK of £1 0,000. VIDES UK - Charity number 1166876 promotes training and development of young people for voluntaiy seivice at home and abroad. VIDES UK incoiporated as VIDES UK (CIO) on l July 2017. Reserves Policy At 31 Deceinbcr 2020 tlie Charity's net assets stood at £14m (2019: £14.3m). Of this, £7.47rn (2019- £7.57m) rcpi'escnts properties and related capital commitments itqiiired for the continuing work of the charity. These cannot be rcalised without undermining ihe charily's activities and a designated fund cxists to reflect this requiiEment. bunds of some £6.51 m (2019: £6.34m) have also been designated in respect of the chai'ity's on-going commitment to pi'ovide foi. th¢ cai'c of the Congregation's members. The I'i'ustees estimate that a fund in excess of thi5 sum will be required to provide fi]Ily for members. We are keeping in mind that the reeornmended amount needed in reserve for each Sister is in the region of £125,000, incTeasing to £225.000 if residential or nursing care is required. The balance in General funds of £6 Ik (2019.. £416k), equivalent to less than I months, expenditure, will continue to go towai'ds funding othei. activities of the charity. The Trustees will continue to look to ways to build up its general funds in future years. Investment Powers, Policy and Performance In accordance with the trust deed, the Trustees have the power to invest in such stocks. shares. investments and propeity in the UK as they see fit. Thcy have also allocated sums to an intcinal retirernent fund placed with Bai'clilys Wealth. This fund amounted to £6.77m on 31 December 2020, an inci'ease of 4.30/0 dui'ing the year. Given the level of risk Ihe Trustees al'e willing to undertake. the retuins are satisfactoi'y. 17
INSTITUTf. OF TIIF, DAUG14'1'1,;RS MAIIY 14F.LI) OF CHRISTIANS OTHERWISE SALfiSIAN SIS'I'LIIS OF ST JOHN IIOSCO TRUSTEI ES ANNUAL RKPORT FOR THE YEAR ENDED 31 DECEMBER 2020 FUTURE PLANS AND COMMITMENrs
Repair and maintenance work to property Grants to Associated Cliarities Car and equipinent i'cplacements Sabbatiealliraining foi. mission FoiThation of members Development of Youth Pastoral Ministsy Piyparation )d implementation of the XXIV CJeneral Chapter European Scttlcment Scheme FUNDRAISING The charity manages its own fundi'aising activities and does not employ the services of professional fundraisers. We do not engage in cold-calliiig. dooi. to dooi. or street fundraising. The charity is Ihei'efoir not registered with the Fundraislng Regulator. No complaints about fundraising activities have been received during the year. The charity has policies in place to protect vulnerable donors. The trustees arc of the opinion that the charity's ovcrall fundraising performance was good and was conducted in fully accoi'dance with the abovc pi'in¢iples.
INSTITUTF, C)F THF. DAUGHI'D.RS 01, MARY IIELP OF CHRISTIANS OTHERWISF. SALESIAN SISTlI RS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOII THE YEAR ENDFD 31 DECEMBCIR 2020 STATEMENT OF TRUSTEEI S RF,SPONSIBILITIEf S The TrLl8tces al'e i'esponsible foi. pi'eparing the Tiustces. Annual Report and the financial statements in accord(Ince with applicable law and United Kingdoiii Accounting Standai'ds (United Kingdom Genei'ally Accepted Accounting Practice). The law applicable to chai'ities in England and Wales I'equires Ihe Tivstees of the charity to prepare financial statemenls for cach financial year which give a true and fair view of the state of affairs of Ihe chai'ity and of the incoming resolli'ces and application of resources of th¢ charity foi. that pei'iod. In preparing those fInancial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently obscrve the methods and principles in the Chai'ities SORP make judgements and estimates that ar¢ reasonable and prudent state whethei. applicable accounting stiindards have been followed, subject to any material dcpartures disLlosed and explained in the financial statements
prepait the financial statements on the going concern basis unless it is inappropriate to assume that this basis applies. The Trustees are responsible for keeping proper accounting records which disc105e with reasonable accuracy, at any tiine, the financial position of the charity and to enable them to ensure that the financial stalements comply with the Chai-ities Act 2011, the Charity (Aecounts and reports) Regulations 2008 and with the Trust Deeds dated 7 August 1962 and 6 Scptcmber 1965. I'hey al'e also responsible for safeguarding the assets of the charity and hence foi takinbJ I.eonable sieps for the pi'evention and detection of fi'aud and other irregularities. Approved by the Trustees on 17 June 2021 and signed on their behalf by.. Si. Bei'nadette Cassidy Trustee 19
INDf,pE.NDEI Nl. AUDITI)11.8' Illi PORT I'O TI.IE TRUSTEES OF SALF,,SIAN.SIS'I'LKS OF SI. JOIIN BOSCO Opinlon We liave audited the finaiicial statcments of Salesian si.sters of St Jolin Bosco foi. the yeai. elided 31 December 2020 which compi'is¢ the Statcmcnt of Financial Activitics, tlic Balance Shttt, the Slateiiiei)t of Cash Flows and iioles to the financial statements, iiicliiding a siiininary of signifioai)l accuui)tiiig policies. The finaiicial repoi1ing fraixewoi'k tliat lias been applied iii thcir pi'epara(ioii is applicable law dnd United Kingdoin Accounting Standards, ineliidii)g finai)cial Repoiting Standard 102 Tlie Fil?aLI1 Repop'lip7g Siandai'd applieoble in ihe UK and RgpEiblic of Ireland (United Kingdoin Gcnerally Accepted Accounting Piacticc). In our opinion, thc fiiiancial stateinents: give a triie and faiT view of the state of tl)e ¢harity's affairs as at 31 r)¢ccmber 2020 and of the charity's net movement in fundb for the yeai. then ended. have been properly prepared in accai'daiice with Uniled Kingdom Gene1.alY Aceepted A¢counliiig PctICe. and have been prepai'ed in accordance with the requirements of Ilie Charities Act 2011 dnd the Chai'ities and Trusl¢e Inve5tineiit {Scotland) A¢1 2005 dnd I'e&)iilalion 8 of tl)e c.harities Accoullts (Scotland) Regulalions 2006. Basis for opinion We have been appointed as auditor under section 144 of the Charities Act 2011, and se¢lion 44(IKe) of (he Charities and Ti'LlStee Investmei)t (Scolland) Act 2005 ai)d report iii a¢cordance with tlie A¢ls aiid I'elevant regiilations Inade or liaving effect tliei'euiidei.. We coiiducted our audit in accoi'danLe with International Standards on Auditing (UK) (ISA.8 (UK)) and applicable law. Our responsibiliti&s uiid¢i those standards are furthei. described in the Audiloi s responsibilitie8 for the audit of the financial Stateinent. section of oiii. report. W¢ are indepeiident of the ¢haTlty in accoi'dance with the ethical rcquiirmcnts that are relevaiit lo our audit of the findn¢Éal slateTnents in the UK, including the FRC'S Ethical Standai'd, and we have fulfilled oui. otliei. eihical responsibilities in accordaiice wilh these requirements. We believe that the audit evidence we have obtained is sufficient and appiopriate to provide a basis for our opinion. Coneliisions relating to ROlll£ CODcern In auditiiig the fJn2iicial stateinents, we have concliided that the trustees, use of tlie going Loncern basis of accounting in tlie prepai'ation ofthe financial slalenients is appi'opri&le. B&qed on the work w¢ have pei'formed, we have not identified aiiy material uncert8lntie5 relating to events or conditioiis tl)al, individually oi. collectively, may cast sigiiificant doubt on tlie cliarity's ability to continue as a going concerii for a pei'iod of at least twelve Enonths froin when the financial stalemeiits are authorised foi. issue. Our responsibilities and the respoiisibilities of the truqtccs with I'espect to going concern aTC described in the relevant sections ofthis report. Other information The Ii'usle¢5 arc Irsponsible foi. the other infoi'mation. The other information eoinprises the information included in the Triistees, Ani)ual Report. Our opinion on the financi81 slatcinenls does not c(>ver the tsthcr infoi'ination and, except lo the extent otherwise explicitly stated in our report, w¢ do not expiess any form of assurance conclusion thereon. Ill connectioi) with oui. aiidit of the financial statements, OUT respon5ibilily is to read the other inforination and. in doiiig so, coiisider wlietli¢i' tile otliei. iiifoi'inalion is malei'ially iiiconsistent with the findncial stateinents ar oiir knowledge obtained in tlie audit or othei'wi5e appeal's to be Inatei'ially mi55tated. If we idcntify siich material inconsistencies or dPpa'nt material Inisstalements, we requiiEd to detei'mine whcthei. there is a material misstateinenl iii the fiiiancial slatem¢i)ls oi. a matcrial misstatcinent of the other informatioiTr. If, based on the woi'k we Iiave perfonned, we ¢oncliide tl)at thei'e is a mateTial Ini5Statcmcnt of thi5 Other inforinatioii, wc are IEquiied to report Ilial fact. We have nothinLy to i'eport iiTr this I'egard. 20
INDEPENDf4 NT AUDITOII.%' REPORT TO THE TRUSTEI ES OF SALESIAN SISTERS OF ST JOHN BOSCO Mallers on ivhieh we are required to report by exception We have notl)ing to repoit iii rcspeLi oftlie following Inatters in relatioii to wliich ihe Charities {Aocounts and Rcpoits) Regulations 2008 and the Charities Accounts (Scotland) R¢gulalions 2006 require us to repoit to you if, in our opinion.. adcquale aceoiinting records have not been kept by the charity,. or sufficient and piopci. acoouiitii)g iecords have not been kept. or the eharily financial statements are not in agreement with the aecounting records and Irturns. or we have not received the information and explanations we require for our audit. Responsibilities of Irustees for the fjnancial statements As explained Inore fully in the ti'uslees. responsibilities statement set out on page 18, the trustees aiE Irsponsible for the preparation of the financial stateTnents' ai)d foi. b¢ing satisfied that they give a ti'ue and fair view, and for siich iiilernal control as the trustees determine is necossary to enable the preparation of financial statements that are free froin rnaterial Inisstatement, whether due to fraud or CTTOr. In preparing the financial 5tateinents. the trustees are responsible for assesgiiig the chai'ity's ability to continue as a going concern. disclosin& as applicable, matteTS related to going concein and using the going eonceri) basis of aocountiiig unlesg tlie triistees either intend to liquidale the chaTily or to ceas¢ op¢ralions, or have no realistic altemative bul to do so. Auditor's respon5ibilitics for the audit ofthe finan¢i41 st¥temenls Our objectives are lo obtain reasonable assurance about wl)ether the financial slaleinenls as a whole are free from rnatei'ial mi5StateTncrJt, wliether due to fraud or error, and to issue an aiiditor's Irport that includes oui. opinion. Reasonable aSSUTance is a high level of assurance, but is not a guarante¢ that an audit conducted in accordance with ISA5 (UK) will always detect i Jnaterial misstatement wlien it exists. Mi5Statemenls can ai'ise from fi'aud or error and are considered material if. individually or in the aggregate, they could iEasonably be expected to influcnc¢ th¢ ¢Gonoinic decisions of users takei) on the basis of these financial statements. Irregularities, including fraud, are instances of non-cornpliance with laws and regulation5. We design procedures in line with our responsibilities. outlined above, to detect Inaterial inisstateineiits iii respect of ii'irgulai'ities. includiT)g fraud. The extent to which our procedures are Capable of detecting ii'regularities, including fi'aud is detailed below.. Based on our understanding of the charity and the environment in which it operate5, we identified that the principal risks of iioii-Lompliance with laws and I'ogulatlolls related to compliance with employinent law and we consideied the extent lo wl)icli iion-compliance Inight havc a malcrial effect on the fii)ancial statements. We also considered tl)ose laws and regulations that have a direct impact on the prepai'alion of the fii)ancial stateinents such as the Charities Act 2011. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statement5 (including the risk of override of contro15), and dctcrinined that tlie principal risks were related to the recognition of income froin legacies and donations. Audit proccdurcs perfomed by the engagement teain included: In5pccling minul¢s of Trustees, meetings; Reviewing calculations for dcpiEciation including reviewing estirnated useful economic lives., Inspecting correspondence with regulators and tax authoi'iti¢s' Discussioiis with TnanagemenL including consideratioii of kniowri OT suspcolcd instanc¢5 of non-cotnplian¢¢ with laws and regjulalion and fraud. Evaliiating Inanagement's ¢ontrols designed to prevent and detect irregulai'ities. Identifying and testii)g journals, in paiticulai. journal entries posted with unusual account combinations, postings by unusual users oi. with uiiusual descriptions., Reviewing valuations of investments. and Challenging assuTnptions ai)d judgements made by management in tlicir critical accounting eslitnales. Th¢se ielated to depreciation. A fiiiiher description of oiir responsibilities for the aiidit of the financial statements 15 localed on the Financial Reporting Council's website at.. i¥'wiv.frc.o .uklaudiiorsres onsibiliiies. 'I'his dcsci'iption foi'ms part of OLir auditol 5 report.
INDEPENDII NT AIIDITORS, REPORT TO TFIE'fRUS'I'V.r.s OF SALESIAN 81.8TF.RS OF ST JOHN BOSCO Use of our report This iepoi't is Inade solely to the chai'ity's trnstees, a body, in a¢eoi'daTice wilh section 144 of the Charities Act 2011 aiid regulaliuns made under section 154 af that Act, and scction 44(1)(c) of the Chai'ities aiid -I'i'u5tee Iiivcstmcnt (Scotland) Act 2005 and IrgulatiDn l O of the Charities Accoun15 (Scollaiidl Regulatioiis 2006. Oui. £iiidit work lias bccn iindertakeii so that wc Iniglit state to the charity'5 tTuslecs those Inatters we aiE IEquired to state lo them in ali Auditol S I'eport ai)d for no otlier pui'pose. To tlie fullest exlenl permitted by law, we do not aecept or a8sum¢ responsibility to aiiyone othei. than t]ie charity's trustees as a body for our audit woi'k, for this report, or for the opinion% wc havc formed. laysniacintyre LLP Statutory Auditois 25 June l O Queen StlEet Place Loiidon EC4R IAG .2021 hay5macintyre is eligible to 2Ct as an auditor in lerins of section 1212 of the Companies Act 2006 22
INSTITU1'E OF THF, DAUCyHTE4 R.S (IF MARY 14V.LP OF CHRISTIANS OTHEIRWISE SALCISIAN SISTERS OF ST JOHN IIOSCO STATEMENT OF FINANCIAL ACTIVITif45 FOR THE YEAR ENDED 31 DECEI MBF.R 2020 Designated Funils Property Retireinent Fund Fuiid Creneral FuiJd5 r4oles 2020 2019 INCOME FROM: InvL8tincnts Charilable aclivFIiEs Sistcrs, Salaries and Pensions Donations Legacies Other incoine 140,473 140,473 185,591 614,123 34,096 19,236 66 614,123 34,096 19,236 66 637,854 24,138 325,299 78 Total 807.994 807.994 1,172.960 F.XPENDITURE ON: Charilublg acliviiies.. Support of meinbei'5 and thciT Iministry Missions and charitable giving 995,439 80.019 169,419 1,164,858 80,019 1,305,511 42,119 Total 1,075,458 169.419 1,244,877 1,347,630 Net ineomel(expeiiditure) before gainsl{losses) on investments (267,4641 (169.419) (436,883) (174,670} Net gainsl(losses) on inve5tment5 175,703 175,703 799,327 Net in¢om£llexpendiiure) (267,464) {169.419) 175,703 (261,180) 624,657 Transfer between funds (87,813) 87,813 Net movement in fuiid5 (355277) (81,606) 175.703 (261,180) 624,657 Reeonciliation of funds Fund Balances brought forward 416.331 7,529,311 6,336,531 14,282,173 13,657,516 Fund Balanees eai'ried forward 61,054 7,447,705 6,512,234 14,020,993 14,282,173 There were no reeognised gains and losses other than those included above. All of the charity's activities during the aix)ve two financial yeais dei'ived froin continuing activities. The accompanying notes foTm part of these accounts. 23
INSTlI'U'fE or THf. i)AIIC*l4TF.IIS OI", MARY Hf4,LP OF CHRISTIANS OTIIEIIWISf SALfi SIAN SISTCI lis Ob S'l, J()HN IIOSCO BALANCE SHEET AS AT 31 DF,CEMBF.R 2020 2020 2019 Note5 FIXED ASSETS Tangible fixed assets Inveslinents 7,468,217 6.773,294 7,571,858 6,493,976 14.241,511 14,065,834 CURRE1 ASSETS Debtors Casli at bank and in hand 98.691 641.909 91,451 953,914 740.000 1,045,365 CREDITORS: Amounts falling diie Within one year (961,1181 {829,0261 NET CURRENT ASSETS (220,518) 216,339 NET ASSETS 14,020,993 14,282,173 FUNDS Unrestricted Funds 61,054 416,331 Designated Funds.. Retii'einent Fund Property Fund 10 6,512,234 7,447,705 6,336,531 7,529,311 13,959,939 13,865,842 14,020,993 14282,173 The fmancial stateinents were appi'oved and authorised for issue by tlie Boai'd of the TTUStees on 17 June 2021 and were signed below on its behalf by.. adette Cassidy I'rustee The accompanying notes forill pait of these accounts. 24
INSTI1'UTL ofi THE DAUGHTF,RS OF MARY Hf,Ll) ofi CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO STATEMENT OF CASH FLOWS FOR THE YF,AR ENDED 31 DECEMBFR 2020 2020 2019 Cash l]ows from operating activltles: Ivel casliprovided Ipy (Iiseillii) opernlliig nclivlil (260,530) (215.277) Cash flows from investing activities.. Dividends, int¢rest and rents froin investinents Purchase of propeity, plant and equipment Proceeds from sale of investments Purchase of invesbments 140,473 (88,333) 1,156,430 (1,136,668) 185,591 (12,642) 1,707,905 (1,857.486) Net cash provided by investing acliyilie5 71,902 23,368 Change in net cash in the reportiiig period (188,628) {191,909) Nel cash at the beginning of the reporting period 1,104,886 1.296,795 Net c2$11 at the end of the reporting period 916,258 1,104.886 Reconeilialion of net rnovtmcnt in lunds to casli tlow from operating aetlvitles 2020 2019 Net movement in funds (261,180) 624,657 Adjustments for: Depreciation chargcs (Gains)Ilosses on invc5tnienls Dividends, int¢r¢st and rents from investments Gain on the sale of fixed assets (InciEase) in debtors Increasel(deciease) in creditoi 191,974 (175,703) (140,473) 191,662 {799,327) (185,591) {7.240) 132.092 (1,950) (44,7281 Nel ¢95h provided by (used in) operating 8ctivit5es {260.530) {215.277) Analy515 of net debt Cash in hand Othei. short term cash equivalents 641.909 274.349 953,914 150,972 Total net debt 916,258 1,104,886 IN%TITUI'r. orTHf. DAIJC.H'l'bRS or MARY HELP OF CHRISTIANS OTHE4 IIWISE SALESIAN 8is'fF.RS or ST JOHN BOSCO 25
ACCOUNTING POLICIEIS FOR THF. YEAR F,NDED 31 DECTr.MBF,R 2020 Basis of accouiitiiig -he accounts IfiIiaiicial slateiiients.) have been prepared under thc historical co8t convcntioii with iteins rccogiiizcd at cost or transactiol) Vdlue unless oihei'wise staled in the relevant noie(s) to these accounts. Thc financial stateinent5 have been prepared in accol'd1llre witli the Stateineni of Recoininended PIxciiLC for C.hai'ities (SORP 2015) (S¢coiid Ldition, effective l JaRuary 2020), the Fiiiaiicial Reporting stand1 applicable in the United Kingdoin and Republic of Ireland (F'RS 102) and the L'harities Act2011. Going Concern 'I'he'Friistees of the charity have concluded that theiE al'e no Inaterial uncei1ainties related to events or conditions that Thay cast significaiit doubt on Ihe ability of the charity io contiiiue as a goiiig concci'n for the foieseeable fvtuir. Ciiven the charty'S Icvel of JEserves available ai the year end, the Trustees consider that the charity has adequate iEsources to continue in perniional existence for the foreseeable tUre and 10 deal with any financial cffects fi'oiii Covid 19. Invcstinenls (lie expected to continue to pi'ovide an inconie although ihis inay be diminished in thc iinmediate future with tli¢ cui'i'ent situation. However, Inve5tinenty assets are sufficieiit enough to fiiian¢e the activiti0% of the ¢hai'ity if nccd be. Accordingly tlie finaiicial stateinents have been pirpared on a going eoneem basis. Income All inc0j¢ is recognised OIiLe tl)e Charity has entitlement to income, it if probable that incoine will be i'eceived and tlie amoiint of incoine receivable cali be Ineasiired relidbly. Sisters, Salaries aiid Pensions Sisters, salaries (tnd pensioi)s are received under deeds of covenant and are stated inclusive of incoine tax but net of aiiy dediictioiis foi. Socidl security payinents dnd contributions to occupaiional pension scheme5. Legacies and Doiialions Legacies and donatiojis are iecognised when Teceivable or when thc Cliai'ity becomes legally entitled to them. Reeeipts of property. jiivestinents OT Othei. gifts in kind ai"e included at Inarket V8lue at the time of receipt. Investmenf income Investinent in¢oIne consists of interest receivable dnd is accounted for on an acci'uals basis. Expenditure Cliai'ilable ¢xpenditure consists of all expenditure relatiiig to the objects of the Chai'ity. All costs air directly ath'ibutable to tlie activities under which they have been dnalysed. GoveiMan¢e costs include expeiiditure on the govei'nance of (he charity and its assets and air priii)arily associated with constitulioiial and statutory iequirements. Governance cost is allocated in line with support costs. Irrecovei?ble VAT 15 iiicluded with the category of expense to which it relates. Leases Payillent5 under opeTatuig leases al'e chai'ged to the Stateinent of Financial Activities on a shaight lii)e basi5 over the life of the lease. Tangible fiixed Assels Fre¢hold laiid buildiiigs owned at l Jdnuai'y 1997 are stated at their estiinated Existing Ilse Valiie. The valuations are based on a repoi'l prepaTed by Playle & Coinpany PUlEly for the puiposes of providing a v8luc for incliision in the Chai'ity's aLcounl5. Subsequenl additiojis are capitalised at COSt. Ceilain school PTopeities owned in Ihe n(Iine of Ilie Ti'ustees are occupied and run by indcpcndeiit charities in the foi'in of Volunlai'y Aided Schools. I'lieiE are sigiiifiLani legyl restrictions on the di%posal of these pyopcrties under Bducation legislalion. 'I'lie Truslees cojisidei. their owiiership lo be in the naiui'e of a custodianship of the a88etS find tliey are thercfore not capitalised in the financial slateinents. I)eiails ofthe5e properties are set out in the notes to thc accouiiis. Othei. tangible fixed a55ets over £500 are capitalised at cost. 26
INSTII'UTE OF THF, DAUGHTCI RS OF MARY IIELI) OTr CHRisfiANS OTHEIiWISE SALESIAN sis'fERS OFSI. JOHN BOSCO ACCOUNTING POLICIES (continued) FOR THF. YEAR ENDED 31 DECEMBER 2020 Tangible Fixed Assets (eoiitiiiued) DepiL'ciation is calculated by the sli'aight-line inethod to write off the ¢osVvalue, less anticipated residual value, over the expcctcd useful lives of a55et5 as follows.. reehold buildings Ltasehold buildings FurnIre and equipment Motor vehicles Building under construction is not depreciated. 50 yeai's 50 years or the tem) of the lease if undei. 50 years 5 years 4 years De5ign%htcd funds These ale funds set aside by the trustee5 Qut of unrestricted general fvnds for specific future PUTposes oi. pi'ospects. Fuither details of the designated funds are shown in Note 9 to the accounts. Investments Quoted investInents al'e valued at their Inarket valuc the balance sheet date. Changes in market value air reflecttd in the Statement of Financsal Activities. Realiscd gains and Ios5e All gains and losses Lire laken to the stateinent of financial activities a5 they arise. Realised gain5 and losses on investments are calculated as the diffei'ence between sale proceeds and opening Inarket value (purchase date if latei.). Uni'ealised gains and losses are ¢alculated as the difference between the Inai'ket value at tlie year end and opening inarkei value (purchase date if later). There were no realised gains and losses in the year. D¢btor5 Trade and other dcbtors are recognised at the seitleinent amount due after any trade discount offered. Prepayments are valu¢d at the ainount picpaid net of any ti'adc discollnis due. Cash at bank and in hond Cash at bank and casli in hand includes cash alad short Èei'm highly liquid investinents. Creditors and pruvision5 Creditor5 and provisions are recognised whei'e the charity has a present obligation resulting from a past event that will PIDbably result in tlie transfei. of funds to a thii'd paty and the ainount due to settle the obligation can be measured or estiinated reliably. Crcditor5 and provision5 are noi'illally recognised at theii. scttlement amount aftei. allowing for any trade discount5 due. Employee benefits Short term benefits Short term benefits including holiday pay aiE recognised as an expense in the period in which the service is r¢ceived. Empluyce ternjiiialion bencfits Tei'ininatioii benefits lire accounted foi. on an accrual basis and Èn line with FRS 102. Peiisioiis The Cliarily opeJ7tes a personal pension plan for staff which is a defined contribiition s¢heine contributions are accounted foi. as a charge to the SOFA in the p¢riod to which they related. 27
INSTITU'fF. OF THf, DAUGII'I'b".IIS OF MARY IIEI LP Ob CHRISTIANS OTHERWISF. SALfiSIAN SIS'I'Tr.RS OF SI'JOHN BOSCO ACCOUNTING POLICIEI S (contiiiu¢d) FOR THE YF.AR ENDF.D31 DEICEMBfi R 2020 Critichl aeeounting estimates and judgenjeiils In the 8pplication of the Charity'8 accoiinting policies, the Ti'llstees air requii'ed to make judgements, ¢stiinates and assiiinptions about tlie cai'rying aillount of assets and liabilities tliat Jre not I'eadily apparent froin othei. source.%. The estiii)ates and associalcd a5suinptions are based on historical experience and other factors that air considered to be Televant. Actual result5 may differ froim these estimates. The estiinates and underlying assumption5 aiE reviewed on an ongoing basis. Revisions to accounting estiinates are iecognised in the period in which the estimatc 15 i'evised wheiE the Tevision aeCtS only that period, or in the period of the revision and fvture periods where the I'evision affects both cun'ent and tUre periods. There Ère QUTrently no significant critical areas of judgeinent or cstiinate5 in these accounts. General Infoi'mation The Chai'ity is registelEd in England and Wales (charity no-. 1165097) and Scotland (cliai'ity no.. SC039657). The Charily's pi'incipal orrjce addiess is 19 Trinity Road, Bootle, Liverpool, L20 714D. 64 Dowliills Road, Blunde115and5, Liverpool, L23 8SP. 28
INSTITUTE OF THE DAUGHTERS OF MARY HEI LP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO NOTES TO I'HE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Df.CEMBER 2020 INCOMING 2020 2019 Invcstment iDcome arising from.. Bank deposits and Quoted iiiveslinents 140,473 185,591 EXPF.NDITURE Staff Costs Governanee Cost5 Total 2020 Total 2019 Depreciation Othcr Chai'itable aclivilies.. Siipport of inembers and their Inini5try Mission and charitable giving 88,440 191,974 17,160 867,284 1,164,858 1,305,511 80,019 80,019 42,119 88,440 191,974 17,160 947,303 1,244,877 1,347,630 Coiiipmrfilive uiialy.Ti.% Total 2019 Chai'itable (7clivities'. Suppoii of members and th¢ir rninistry Mission and chai'itable giving 148,343 191,662 15,580 949.926 1,305,511 42,119 42,119 148,343 191,662 15,580 992.045 1.347,630 Sn¢lud¢d in Governance c05tS 2020 2019 Auditor's remuneration (net of VAT) Audit Other services 12,100 3,958 11,600 3,400 16.058 15.000 Staff Costs Wages and salaries Social Security costs Pensions 80.035 6,655 1,750 136.157 10,041 2,145 88,440 148,343 The average monthly number of einployees per headcount in the year was 5. (2019.. 8). No employces earned Inore than £60,000 during the year (2019: Nill. The key manageinent personnel are the Provincial, Provincial Secretary and the Pi'ovincial Bursar. These ineinbei's forgo remuncration for thc benefit of the charity. A5 a result there is no policy for setting pay. 29
INSTI'I'UTF, or TIIC DAUGHTERS OF MARY HELP OF CIIIIISTIANS OTIILI Rwisf SALEISIAN SISTERS OF ST JOHN BOSCO NOTES TO THE fi INANCIAL STATEMENTS (eontiiiued) FOR'fHF. YC4 AR ENDF.D 31 DECEMBER 2020 TRA TrISACTIONS WITH TRUSTCI ES AND RELATED PARTY TRANSACTIONS The trustees of the Charity al'e also Inembers of the Society and as such have taken vows of poverty under which they have renounced all personal rights to income and capital. 'I'he ChaTjty pi'ovides fgr tlie esscntial needs of all Ineinbers of the Society within the Pi'ovince. The living costs of die foul. ti'ustee5 al'e therefore borne by the Charity. None of the Trustees received any remuneration or othej. benefit5 in connection with their duties as Trustees during the year. There weir no other related paity tiansactions during the year (2019.. Nil). TRANSFERS BETWEEN FUNDS 2020 2019 GeJiei31 Funds Designated Funds- Retireinent Fund - further amounts (deducted)ladded in the year prOrtY Fund- net funds allocated in th¢ year (87,813) 87,813 See Note 10 for further details on the movement in fvnds. TANGIBLE FIXED ASSF.TS Frcchold land & Iluildings Leasehold Buildings Fui'n & Equipment Motor Vehicle5 Total COST OR VALUATION At l Jaiiuary 2020 Additions 6.895,569 87,813 2,082,557 50,222 520 131,906 9,160.254 88.333 As at Deetrnber 2020 6,983,382 2,082,557 50,742 131,906 9,248,587 DEPRECIATION At l January 2020 Chai'ge foi. the year 1.223,322 127,768 225,493 41,651 34,443 6,361 105,138 16,194 1,588.396 191.974 Al 31 Deeember 2020 1.351,090 267,144 40,804 121,332 1,780.370 NET BOOK VALUE At 31 December 2020 5,632,292 1,815.413 9,938 10,574 7,468,217 At 31 Deceinbei. 2019 5,672,247 1,857,064 15,779 26,768 7,571.858 Apaii from a sinall proportloll Used for management and adjninistrative purposes, all fixed assets are held for charitable purposes. There aiE also school properlie5 registered in tlie naiiie5 of the Trustees. As all l'ights and obligations 111 i'espect of these pj'operties have cffectively bcen transfeiJEd to the GoveJ'n013 ofthe schools. Ihe Trustees con.%ider their ownei'sliip to be in tlie nature of a cuslodiansliip of the assets alld tliey have therefore not been capitaliscd. These propeities aie:_ St Jolin Bosco Arts College. Croxteth, Liverpool. In 2011, pail of the Coll¢ge land wa5 sold by the charity to the Local Auiliority under a leasehold agieement. 'I'he charity lias a rever5ionai'y intei'est which can be exeiEised foi. a consideration of £10 al the end of the lease period. Land uscd as play aTea by Our Lady's School, Cowlcy. These schools are being ihaintained by the Local Education Authoi'ity. 30
RNSTITUTE OF THE DAUGHTEllS or MAIIY FIELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR F.NDED 31 DF.CEMBER 2020 INVESTMENTS Quoted 2020 2019 Balance at l Januai'y 2020 Additions Disposals Not (losses)Igain5 on i'evaluation 6,343,004 1,136,668 (1,156,430) 175,703 6,343.004 5.394,096 1.136,668 1,857,486 (1.156.430) (1,707,905} 175.703 799,327 Balanee 8t 31 Deecmber 2020 6,498,945 6,498,945 6,343.004 Cash held for reinvestinent 274,349 274,349 150.972 B21xnce at 31 Deecmber 2020 6,773,294 6,773,294 6,493,976 Cost at 31 December 2020 5,631,803 5,631,803 5,676,561 DEBTORS 2020 2019 Prepayment5 and accrued income Sundry debtors 6,997 91,694 5.901 85,550 98,691 91,451 CASH AND CASH F.QUIVALENTS 2020 2019 Cash at bank and in hand 641,909 953.914 CREDITORS 2020 2019 Othei. creditors PAYEINIC Accrual 905,350 1,650 54,118 805,824 1,637 21,565 961,118 829,026 10. MOVEMF.NT IN FUNDS General Vund Property Fund Retirement Fund Total 2020 I Iinds a% at l January 2020 Net Inovemcnt in funds 416,331 (355.277) 7,529,311 (81,606) 6,336,531 175,703 14,282,173 (261,180) Funds at 31 December 2020 61,054 7,447,705 6,512,234 14,020,993 31
INSTITUTE OF THE DAUGHTERS OF MARY E4ELP or CHRISTIANS OI'HEI RWI.%F. SAI.ESIAN 8ISTIRS OF ST JOIIN B()SCO NOTEI S TO THE FINANCIAL STATEMENTS (eonlinued) FOR THE YEAII ENDED JJ DECEIMBER 2020 10. MOVEMENT IN FUNDS (Continued) Compai'ative movements in fund$ Gencral Fund Property Fund RetiremeDt Fund Total 2019 Funds as at l January 2019 Nei Inovement in funds 421,583 (5.252) 7,698,729 (169.418) 5.537,204 799,327 13,657,516 624,657 Funds at 31 December 2019 416,331 7,529,311 6,336.531 14.282,173 Designated fund5 (a) The trustees have designated funds out of the unrestricted funds for specific purposes as follows-_ Property Fund In oi'dti. to fulfil its chai'itable objectives the charity needs a nuinber of propeities. These properties, although they are unresti'ictcd assets cannot be realised witliout underinining the chai'ity's work and the tsustees therefore feel that it is appi'opriate to reflect the investinent in propeJ1ies. Retirement Fund A fund has been designated in respect of the chai'ity'5 coininitment to provide foi. the IrtiiEment and care in old age and sickness of the Institute's inenibei"5. Lunip siiins received upon cei'lain sisters rcaching ietireinent agc are credited to this fund. In addition the trustecs designate ainounts fi.otn fire I'eserves fi'oin time to tiine with the aiin of bi-inging tle level of the fund in line with the ainouiit considered to be necessary for the long-tcrm needs of sistei's. At the year to 31 Deccinber 2020 the designated fund was £6.5m12019.. £6.3ml. Bank deposit balances and investinents repJEsent this fund. (b) Analysi5 of Movements Balance at l January 2020 Net outgoiijg Rtsoiirce5 nd Gain5 Balance at 31 December 2020 Transfers Propeity Fund Retireinent Fund 7,529,311 6,336,531 {169.419) 175.703 87,813 7,447,705 6,512,234 13,865,842 6,284 87,813 13,959,939 Comporativc Analysis ofMoveNienls Bal8llcc at l J8nuary 2U19 Net outgoing Rcsource5 and Gains Balanec xt 31 December 2019 Transfer.$ Property Pund Retireinent Flind 7,698,729 5,537,204 (169,418) 799,327 7,529,311 6,336,531 13,235,933 629,909 13,865,842 TixnsfcT bctwecn IElirciMent and I'ropeity Fund I'elates to Tefurbishinent work carried out at the Batteisea propertie5 and Provincial Floiisc dui'ing the yeai.. 32
INSTITU1'E OF THE DAUGHTERS OF MARY HELP ()FCHRISTIAIYS OTHEI IIWISE SAI.ESIAN SISTERS OF ST JOHN BOSCO ACCOUNI'ING POLICIES (eoiitinued) FOR THE YEAR ENDEID 31 DF.CEMBEIR 2020 ANALYSIS OF NF,T ASSEITS BY FUND General Fund Property Fund Rctirem¢nt Fund Total ri und Balaijces at 31 December 2020 re represeijted by: Tangible fixed set5 Investincnts Current asset5 Cui'irnt liabilities 20,512 261,060 740,600 (961,118) 7,447,705 7,468,217 6.773,294 740.600 {961.118) 6,512,234 61,054 7,447,705 6,512,234 14,020,993 Ilb. COMPARATivf. ANALYSIS OF NET ASSETS BY FIIND Genei'al Fund Propei'ly Fund Rctirem¢nt Fund Total Fuiid Balancc5 at 31 December 2019 I'c i'epresentcd by: Tangible fIxed ass¢ts InvestinentS Cui'i'ent assets Current liabilities 42,547 157.445 1,045.365 (829,026) 7,529.311 7,571,858 6.493,976 1.045,365 (829,026) 6,336,531 416,331 7,529,311 6,336,531 14.282,173 12. OPERATING LEASE COMMITMENTS At 31 Delber 2020, the charity had future minimu)n lease payinents under non-cancellable operating leases as follows.. 2020 2019 Property Total Coinmitinent under opeTating leases.. Due in one yeaT Later than l year and not latei. than 5 year5 31,248 32,496 30,000 55,000 63,744 85,000 Furnilllre and equipment Total cominittnent under opei7ting leases.. Due in one year tel. than l year and not later than 5 yeaTS The total rental expense inciirred during the year in itspect of assets under opei?ting lease was £31,248 (2019.. £28.412}. 33
INSTITUTE OF THE DAIIGl4'rr.RS or MARY IIEI LP OF CHRJSTIANS OTHERWISF. SALC4SIAN Sl.%'i'fi RS 01,, ST JOHN B05CO NOTf4 S 1.0 THf. FINANCIAL STATEMENTS (Continued) FOR T14E YEAII ENDCD 31 DECEMBER 2020 13. CONNfi CTLI D CHARI'I'IES 'lThc following chai'ities Hi'e connected charities of the Institute of the Daughters of Mary Help of Christians, otherwise known as'salesian Sisters of St Johtt Bosco" by reasoii of the siinilai'ity of their charitable objectives. Cliarity Charity Nuinber Address Vides UK 1015097 Mansion Drive, Liverpool Support is given by the c.harity ro these ci)nnected charities in the form of rent fire use of buildings and unreinuneizted sisteis, tijme. A grani of £10,000 was also givcii to VIDP.S UK. 34
INSTITUTE OFTHE DAUGHTERS or MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTCI lis OFSTJOHN BOSCO DETAILED INCOME AND F.XPENDITURE- GENERAL FUNDS FOR THE YEAR ENDED 31 DF.CF.MBER 2020 ProvSnee Houses 2020 2019 INCOME Salaries ieceived Pensions received Bank interest received Donations & legacies Sales of bulletins & calendars 54.987 559,136 140,473 44,994 66 54,987 559,136 140,473 53,332 66 57,358 580,496 185,591 349,437 78 8,338 TOTAL INCOME 799,656 8,338 807.994 1,172,960 EXPENDITURE Premises and Equipment Cost5 Repair5 and maintenance Professional fees Insui'ances 31,804 17,208 38,176 31,804 17,208 38,176 117,908 22.311 42.653 87,188 87,188 182,872 Communities Food Household Rent & rates Fixtures and equipinent depTeciation Medical Clothing Sundries FoTeign exchange Inoyements Library Sub5criplions Siste15' National Insurance Salaries paid (excluding VIDES UKn4cwlands)) unei'a15 10,070 73,463 61,042 13,090 83,533 61,042 48,058 6,361 349,140 6,978 78,354 59,707 43,826 6,257 292,441 11,360 3,552 34.968 6,361 342,709 650 6,431 6,328 2,948 86 3.977 121 6.925 207 4,876 7,187 774 147,569 1,986 4,425 64,456 15,717 15.158 56.721 25,451 22,900 15,987 38,050 1,391 1,096 87,344 6,500 71 1,096 87.344 6.500 2.390 64.298 20.980 Chapel l.ight and lieat Telephone Mass Jnedia Retreats, coiir5es and holiday Ti'avel and fairs Motor expenses Motor vehicle depreciation Bank ¢hai'ge5 & Inanagement fees Care13 ¢xpenses 2,319 64,298 18,739 6,036 6,900 6,282 12,292 2,241 9,074 27,974 1,991 2,102 16,194 47,055 34.874 8,273 14,394 16,194 48,104 107 1,049 107 599,434 282,474 881,908 928,145 35
IN%TITUTC Of TIIE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHF,RWISE SALEISIAN SISTERS ofi STJOHN BOSCO DKTAILEID INCOME AND EXPEINDITURE_ GENERAL FUNDS (continutd) FOR THC YEAR ENDF,D 31 DECEMBkR 2020 Province Houses 2020 2019 Donations Grant5 and donations (including VIDES UKINewlands) Missions 69,804 10,215 80,019 23,892 18,227 69,804 10,215 80,019 42,119 Governante costs Gejieial otTice expenses Audit and accountancy fees Monies froii) Cominunities to Provinte Monies from Province to Cominunities 1,463 17,160 (53,000) 353,550 7,720 9.183 17,160 9,495 15,580 53,000 (353,550) 319.173 (292,830) 26,343 25,075 TOTAL EXPENDITURE 1,075,599 1,075,458 1.178211 NET (OUTGOING)IINCOMING RF,SOURCES FOR THE YEAR BEFORE PROPV.RTY DEPRE4CIATION (275,943) 8,479 {267,464) (5,251) Pi'operty depreciation Gainl{loss} on revaluation of investments (169,419) 175,703 {169,419) 175,703 (169.419} 799.327 NET INCOMING RESOURCF.S FOR THE YEAR (269,659) 8,479 (261,180} 624.657 36