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2021-12-31-accounts

Address: 64 Dowhills Road
Blundellsands
Liverpool
L23 8SP
Tel: 0151924 8212
Facebook: Salesian Sisters UK
Charity Registration No: 250888
Charity Registered in SC039657
Scotland No:
Solicitors: Wrigleys
Solictors LLP
19Cookridge
Street
Leeds
LS23AG
Auditors: Haysmacintyre
LLP
10Queen Street Place
London
EC4R 1AG
Bankers: Barclays Bank pic
Chertsey Branch
Walton on Thames Group
P0Box 193
8/12 Church Street
Walton on Thames
KT122YW

Designated Funds
General Property Retirement Restricted
Notes Funds Fund Fund Fund 2021 2020
INCOME FROM:
Investments 159,474 159,474 140,473
Charitable
activities
Sisters' Salaries and Pensions 569,412 569,412 614,123
Donations 17,793 117,051 134,844 34,096
Legacies 19,236
Other income 6,018 6,018 66
Total 752,697 117,051 869,748 807,994
EXPENDITURE ON:
Charitable
activiti es:
Support ofmembers
and
their ministry 1,115,474 171,175 1,286,649 1,164,858
Missions and charitable giving 37,320 37,320 80,019
Total 2 1,152,794 171,175 1,323,969 1,244,877
Net (expenditure)/income before
gains/ on investments (400,097) (171,175) 117,051 (454,221) (436,883)
Net gains on investments 674,491 674,491 175,703
Net (expenditure)/income (400,097) (171,175) 674,491 117,051 220,270 (261,180)
Transfer between
funds		 339,043 (339,043)
Net movement
in funds		 (61,054) (171,175) 335,448 117,051 220,270 (261,180)
Reconciliation
offunds
Fund Balances brought forward 61,054 7,447,705 6,512,234 14,020,993 14,282,173
Fund Balances carried forward 7,276,530 6,847,682 117,051 14,241,263 14,020,993

2021 2020
Notes
FIXEDASSETS
Tangible fixed assets
Investments		 7,303,432
6,964,918		 7,468,217
6,773,294
14,268,350 14,241,511
CURRENT ASSETS
Debtors 70,730 98,691
Cash at bank and in hand 706,787 641,909
777,517 740,600
CREDITORS: Amounts falling due
Within one year (804,604) (961,118)
NET CURRENT LIABILITIES (27,087) (220,518)
NET ASSETS 14,241,263 14,020,993
FUNDS
Unrestricted
Funds		 61,054
Designated
Funds:		 10
- Retirement
Fund		 6,847,682 6,512,234
- Property Fund 7,276,530 7,447,705
14,124,212 13,959,939
Restricted Funds 10 117,051
14,241,263 14,020,993

2021 2020
Cash flows from operating
activities:
Net cash provided
by (usedin) operating		 activities (561,454) (260,530)
Cash flows fiom investing
activities:
Dividends,
interest and rents from investments		 159,474 140,473
Proceeds
f'rom
the
sale
of property,		 plant and 6,990
equipment
Purchase ofproperty,
plant and equipment
Proceeds Irom sale ofinvestments		 (23,000)
3,748,503		 (88,333)
1,156,430
Purchase ofinvestments (3,464,384) (1,136,668)
Net cash provided
by investing		 activities 427,583 71,902
Change
in net cash in the
reporting
period		 (133,871) (188,628)
Net cash at the beginning
ofthe
reporting
period		 916,258 1,104,886
Net cash at the end ofthe
reporting
period		 782,387 916,258
Reconciliation
ofnet movement		 in funds to cash flow from operating activities
2021 2020
Net movement
in funds		 220,270 (261,180)
Adjustments
for:
Depreciation
charges		 186,710 191,974
Gains on investments (674,491) (175,703)
Dividends,
interest and rents from
Gain on the sale offixed assets		 investments (159,474)
(5,918)		 (140,473)
Decrease/(increase)
in debtors		 27,961 (7,240)
(Decrease)/increase
in creditors		 (156,514) 132,092
Net cash provided
by (used in) operating		 activities (561,454) (260,530)
Analysis ofnet debt
Cash in hand 706,787 641,909
Other short term cash equivalents 75,601 274,349
Total net debt 782,388 916,258

1. INCOMING INCOMING 2021 2020
Investment income arising fi'om:
Bank deposits
and Quoted		 investments 159,474 140,473
2. EXPENDITURE
Staff Governance Total Total
Costs Depreciation Costs Other 2021 2020
Charitable activities:
Support of members and
their ministry
Mission and charitable		 88,144 186,712 23,254 988,539 1,286,649 1,164,858
giving 37,320 37,320 80,019
88,144 186,712 23,254 1,025,859 1,323,969 1,244,877
Contparati ve analysis Total
2020
Charitable activities:
Support of members and
their ministry 88,440 191,974 17,160 867,284 1,164,858
Mission and charitable
giving 80,019 80,019
88,440 191,974 17,160 947,303 1,244,877
Included
in		 Governance costs
2021 2020
Auditor's
remuneration		 (net ofVAT)
-Audit 12,800 12,100
- Other services 3,150 3,958
15,950 16,058
Staff Costs
Wages and salaries 79,527 80,035
Social Security costs 6,822 6,655
Pensions 1,795 1,750
88,144 88,440
The average monthly number ofemployees per headcount in the year was 5 (2020:5).

TRANSFERS BETWEEN FUNDS TRANSFERS BETWEEN FUNDS TRANSFERS BETWEEN FUNDS 2021 2020
General Funds 339,043 (87,813)
Designated
Funds:
Retirement
Fund —further
amounts		 (deducted)/added in the
year
Propeity Fund - net funds allocated in the year (339,043) 87,813
SeeNote 10for further details on the movement in funds.
TANGIBLE FIXEDASSETS
Freehold land Leasehold Furn A Motor
A Buildings Buildings Equipment Vehicles Total
COST OR VALUATION
At 1 January 2021 6,983,382 2,082,557 50,742 131,906 9,248,587
Additions 23,000 23,000
Disposals (10,295) (10,295)
As at December 2021 6,983,382 2,082,557 50,742 144,611 9,261,292
DEPRECIATION
At 1 January 2021 1,351,090 267,144 40,804 121,332 1,780,370
Charge for the year 129,523 41,651 5,973 9,565 186,712
Disposals (9,222) (9,222)
At 31December 2021 1,480,613 308,795 46,777 121,675 1,957,860
NET BOOK VALUE
At 31 December 2021 5,502,769 1,773,762 3,965 22,936 7,303,432
At 31 December 2020 5,632,292 1,815,413 9,938 10,574 7,468,217

6. INVKSTMKNTS 2021 2020
Quoted Quoted
Balance at 1 January 2021 6,498,945 6,343,004
Additions 3,464,384 1,136,668
Disposals (3,748,503) (1,156,430)
Net gains on revaluation 674,491 175,703
Balance at31December 2021 6,889,317 6,498,945
Cash held for reinvestment 75,601 274,349
Balance at 31December 2021 6,964,918 6,773,294
Cost at 31December 2021 5,919,000 5,631,803
7. DEBTORS 2021 2020
Prepayments
and accrued income		 14,906 6,997
Sundry debtors 55,824 91,694
70,730 98,691
8. CASH AND CASH EQUIVALENTS 2021 2020
Cash at bank and in hand 706,787 641,909
9. CREDITORS 2021 2020
Other creditors 774,370 905,350
PAYE/NIC 1,679 1,650
Accrual 28,555 54,118
804,604 961,118
10. MOVEMKNT IN FUNDS
General Property Retirement Restricted Total
Fund Fund Fund Fund 2021
Funds as at 1 January 2021 61,054 7,447,705 6,512,234 14,020,993
Net (expenditure)/income (400,097) (171,175) 117,051 (454,221)
Net gains on investments 674,491 674,491
Transfers
between
funds		 339,043 (339,043)
Funds at 31December 2021 7,276,530 6,847,682 117,051 14,241,263

MOVEMKN MOVEMKN T IN FUNDS (continued)
Comparative movements in funds General Property Retirement Restricted Total
Fund Fund Fund Fund 2020
Funds as at 1 January 2020 416,331 7,529,311 6,336,531 14,282,173
Net (expenditure)/income (267,464) (169,419) (436,883)
Net gains on investments 175,703 175,703
Transfers between
funds		 (87,813) 87,813
Funds at 31 December 2020 61,054 7,447,705 6,512,234 14,020,993

ANALY SIS OF NET ASSETSBYFUND
General Designated Restricted
Fund Funds Fund Total
Fund Balances at 31December 2021
are represented by:
Tangible fixed assets 26,902 7,276,530 7,303,432
Investments 117,236 6,847,682 6,964,918
Current assets 660,466 117,051 777,517
Current liabilities (804,604) (804,604)
14,124,212 117,051 14,241,263

General Designated Restricted
Fund Funds Fund Total
Fund Balances at 31December 2020
are represented by:
Tangible fixed assets 20,512 7,447,705 7,468,217
Investments 261,060 6,512,234 6,773,294
Current assets 740,600 740,600
Current liabilities (961,118) (961,118)
61,054 13,959,939 14,020,993

2021 2020
Property
Total conunitment under operating leases:
Due in one year 31,248 31,248
Later than I year and not later than 5 years 32,496
31,248 63,744
Furniture and equipment
Total commitment under operating leases:
Due in one year
Later than 1 year and not later than 5 years