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|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|
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||||||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|
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|||||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|
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|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).||||
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|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|
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||||||||
|---|---|---|---|---|---|---|
|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|
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|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|
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|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|
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||||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|||
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