SISTERS UF CHARITY OF JESUS AND M.4RY ANGL]RISH PROVIIS'CE (Re2istered Ch#rih" Number: 251262) TRLISTEES, REPORT FIJ'AN'CIAL STATENIEN'TS 31 .4LIGii5T 2021 Hai smatini)re LLP Chartered Accountants London
SISTERS OF CHARITY OF JESUS AaD.lARy ANI'GLO IRISH PROVINCE TRUSTEES, A.NNUAL REPORT FOR THE YEAR EP*DED 31 AUGL,ST. 2021 The Trustees present their Report tooether ii'iih the financial staiemenis of ihe Charif!. for England for Ihc I'car ¢nded J l Aui)usI ?0? I li hich are prepared in accordance li ith the Cliarilies SORP. HISTORY AD ORGAI%ISATIOY The Sisters of Charit), of Jesus and M#Th' l-"SCJM"') is an iiiiernational religious Congregation of ponlili¢al right founded in Beloium in 180) in the rural dislrici of Loi"endcoem. In 1803 our founder Peter Josepl) TriLs1 lias appoiiitLd parish priest in Loicndeoetn. Tlic poi"ert)". the nioral dcprdi il)., the cTh'ing need for educatic)n and car¢ of the si¢L spurred hiin inio aciioii. Iii Jul), 1804 tlie firsi Sisiers of Ch<iritN of Jesus and Mary. pronoui)¥ed iheir first i'oii's and decided to de¥'ote their li¥'eg to 'the carino of the poor aiid destitute" 1-he Sisters giai'¢ l¢ssons. looked afi¢r orphans and 'ertI into the homes of Ihe gick 2nd old io care t-or ihen). Over ihe next tivo cetiiuries ihe Sisters establishcd tninislrics in oihcr countric5. M)e Anglo Irish Pro inee established on 14 October. 1968. Toda) IhL' ConLFfL'gaiion has 1179 Sisters ilho lii"e aiid ii.ork in Beloiuin. The Netherlands. England, Ireland. India. Pakistan. Sri Lankffj Philippin¢s. Th¢ Democratic Republic ol. Congo. Mali, Burundi. Rw'anda and Vieliiam. OBJECTIVES AND ACTIVITIES The Charli% s legal purposeslobjecis are lor such charitablc purpos¢s 1% hich adN"atJc¢ ¢h¢ r¢li&TiOUS and otl)er Lliariiable iiork tor the lime bcinq carricd out b) or und¢r the direciion of ihe Congr¢giaiion. These object£ are set out in lis Trusi Deed dated l 8 Januan.. 1967 bi. ¥%"hich il is uoi.erned. The Trusi¢es hai ¢ had regard io the ChariTh' Commission's guidance on public bcncfit. Th¢ majoritv of th¢ cxpenditLire ot- the Charitl fLinds ihe living and care cosis of our Sisters in England alid Ireland. Stella Mc11uiina Care Home proiides care for elderli. 0en and In¢n. Thc hoin¢ is not op¢rat¢d for profil. The Charily also makes donaiions io support ihird part). charitable projects and disaSTer appeals 'orld1'1de. From the begiiining until toda).. the life of everv SCJM has been, and remains, a realil)., of byrace ivhich tinds expression in= an apostolic scTh icc 1% hich 5t¢ll15 froJT) our union 1% iih God and iis¢lf nourishes ihis saine union: praier. iil)icli is a ¥%ailing 01) the Lord. iiho hiniself opeiis us (o his prcs¢iicc dnd ei)dbles us (0 collaborate in his 'OrK- coiiimuniry, life, which iiitensifies our aTK)Stolic d)'nawnisTll and 15 an cff¢clive sigFn of our communion ii'ith Hiiii- and al one i%'iih ihe unii'erse and each other. i%'e i'alue the 'hOle of creation and journev ivith all God s people in faiih. respeciii)g difterences. i%'elcoEninu dii'ersit!.. and upholdiniT iheir inhereni dignity,.
SISTERS OF CHARITY OF JESUS A}D,lARy A'GLo IRISH PROVINCE TRUSTEES, ANNUAL REPORT (continued) FOR THE YEAR ENDF.D 31 AbC:I'fiT 2021 0ECTIVEs AND ACTIVITIES (eontinued) The aLlivities and ministries of ihe Charil). fall inio fi¥e areas.. Care of members of the Proi'ince in England and Ireland Tlie iiiei))bers ol- Il)e Proi iIiLtr Iidi e dei oied ilie li liol¢ ol- Ilieir 'orkIn liwes io the care of ihe y()ung, eld¢rl!'. poor and marginaliscd in socich. and all th¢ir income and assets have beeii gifted to the Charit). The Cliaril). lare5 for iheir Tnembcr5 in rctiretnenl. The car¢ includes SUPPOrting Si5tcr5 I%.ho arc able to lil'e iiidependentl!" and supportiiig Sisters lil ing in comiiiunities in Eiigland and Ireland. Some Sisters alread!, reiired gli e support io our elderl! Sisiers. h0 are lii.ing in the Rosglas and Stella Maiutina commiinities. Their support involNes spending time ii."ith them and supportiiig tl)em botl) ¢motic)nally and spirituall%. The TrLlStees ensure that ei'en. Sister. iiheiher lii'ing alone, or in a coniniuniN,. reeeikes financial. spirituul and cmotional support. t.or IK)th iheir ministries and iheir oi%n care. M,'hen appropriate, Sisiers are transferred beiii'een ¢ommuniti¢s io ensur¢ ihe ¢ni'ironm¢ni and support aailable to ih¢m adequatel). meets their needs. Social #nd p#5tor#l M'ork Members ol'the Pmvince are ifti ol%'¢d in i'arious fonns of so¢ial or pastoral K¥ork il)roughout England and Ireland. including care c)f Ihe elderli and people li iih special needs. famil J. support. and cl)aplaincy work in hospiials, healino miiiisin., counsellino and educational esiablishinenis. All this i¥ork is undertaken on a N'oliintdrn basis. The Trust¢¢s ensure iolunt¢¢rs haN"¢ ¢h¢ n¢c¢ssar%' skills. ¢xp¢ri¢n¢¢ aiid traii)ii)g to undenake tlieir roles li) ilie commu111, and iraining is pro ided (iiitemal and exten)al} as required. Stell2 NIatutina Care Home The Sisters eontinue io proi'ide care and assistance io the elderlj. at Stella Matutina Care Home in Ansdell for boih members ol-lhe Province and members of(he public. The (Kcupanc). ofihis care home is a Inix of tnenibers ot the Province. prii'ate and Ial auihorit). clients. It is not operdted for profit. Cases of financial hardship are considered b!" Ihe Trusie¢s and fees a reduced if nccessarn.. All applicants are assessed on their needs and not iheir abilitv to pa).. The strategy for the home is io prold¢ the besi possible Ca for residents" emotional and physical needs So ihai ih¢) ¢an enjo) Ihcir lifc lu ihL full¢st P05siblc cxlcnl. OverseAs In155ionar)' work The Charit) also hclps financially support Sister5 iiorking in education. ecolog),. healthcare. social and pastoral care M'orldivide.
SISTERS OF CHARITY OF JESUS A'D MARY AN'GLO IRISH PROVINCE TRUSTEES, ANYU.4L REPORT (continued) FOR THE YEAR F.NDED 31 ALTGUST 2021 OBJECTIVES AND ACTIVITIES (conlinlled) Workin(w M'iih oiher organisalion5 The Charii!, i¥'orks ¢10seli li iih a niimber ofother charilies and public bodics that i%.ork in the field of providiiig care to lh¢ %uln¢rable and thc ¢lderlN.. In some instaii¢es Sisters are emplol'ed b), Ihese organisations. i%hilsi in oihcr instances (he relationships arc niorc inf£)mal. In all cascs. ilorking together i1th other ehariiies and public bodies enhances cownmuiiicalion and undersianding tl)us enabling seTr iccs to tlie elderl). to be proi'id¢d more ¢t]i¢ientl!' and effcctii eli" and ai'oiding duplieaiion ol. etyort. E.xamples ol Ihe organisations for IhIch members have w"orkcd and '1th M'hicl) tlie Charity. has cooperated during ihe lear are as folloiis-. Roman cltho11( DiocL5e 0[.,es[mInSter RLSS (Religious Life Saf¢gTuaiding) Sern'ice) COR (Conference of Relioious of England and Wales) AMRI (Association of Missionaries and RcliLTiOUS of Ireland) Lancashir¢ CounTh' Council and Blackpool Couiicil Ciiizens Infomiation ith Iieland Covid-19 The Covid-19 pandemic has impacted on t"0 main areas of our actiN'it)". operaiing Stella Matutina Care Homc and supporting our Sisters li%'ing¥ independentl!" and in communities. Ai Siella Matutina Care Home all ¥uidaiiLe and insinictions froiy) Public Healtl) Eiigland. Blackpool Council, Lancashire Countv Council and the Care QualiTh' Commission has been implemeiited. All but one of oiir Sisters lii'ing independentli. and in coinmuiiiries are ovcr 70 Jears old so ha¢ be¢n self-isolating, M'here necessaTh'. in accordance ..ith the UK G()ernMent guidelincs. Th¢ are king support¢d locall!, bi, ncighbours and friends in ternis of food and Inedical supplicg. The self-isolation ru1¢5 hay¢ resulied in our social and pasioral %%ork being suspcnd¢d or s¢i'¢relN lii)iited. ACHIEVEI¥IE.YTS AND PERFORMAN'CE Care of members of the Proi'inee in En2land and ITeland In common i¥ iih Inan!. relioious congregalic)ns in Greai Britain. Ihc a¥¢ profile of tl)¢ nietnbers of the Congregaiion is increasino as existing m¢mr$ groi¥ older aiid tlie numkr of neil 0¢atIO17S becomes Ininimal. Th¢ agTe profile of ihe Congregation in ihe Briiish Isles Pro¥"ince is shoii'n ¥raphicallK, beloiv..
SISTERS OF CHARITY OF JESLiS.4YD IIARY ANGLO IRISH PRoVIcE TRUSTEES, ANNUAL REPORT {contlDued) FOR THE YEAR ENDED 31 AUGUST 2021 ACHIEVF.VIF.NTS AND PERFORI¥IAN4CE (conlinued} Age Groups as at 31st August 2021 100 Years of Morè • 90-99 v 80-89 ll 7(F79 • 69 50-59 ll 40 below The ConLTf¢gTaf lion has an oblioaiion. boih moral and legTal. io proi ide care for its iii¢mbers. none of .honi hai"e res()urces of their o¥%n aiid all ol- li hom hai e d¢¥ oied a significaiit part ofiheir lii'es io ihe care ol'ihe elderl!.. poor and marginalised in sle1". As thc aLT¢ proflle of ihe Pro iiice increases $0 too does the need io provide increasing, and increasingl! expensive. care io the Sisters. At prcscni 3 memb¢rs of ihe Provincc r¢c¢i'Ing car¢ in Stella Matulina Carc Hotn¢ and others are re¢eii'iiig support within their communilies in Ennland and Ireland. In ihe fuiure, Ihe Trustees expect the number requirino care to increase. As a consequence ihe Trustees gIe careful consideraiioii to tlie iiiipacl uf (his on (he iiork of indii'idual In¢iiib¢rs of th¢ Proi ince ilie propcrtN' rcquir¢iii¢nts of th¢ PrO1n¢¢ and tlie tinancial implications. In ihis regard. the Congregation s purpose-buili Convent Rosglas provides care for our elderlj and incapacitat¢d Sister5. Soei#l and pastoral Thork Thc aims ol-Ih¢ Trusiees in Ihis area include-. Enabling all members of the Proi'ince io ¢an)' oui meaningful social and pasioral work within Ihe communi1> afier assessino their skills and ihe needs of ihe local area: and The following are some examples ofihe social and pastordl w'ork undertaken by individual Sisters.. Sist¢rs ar¢ i%'orkin8 in parishes iii Sievenage and L¢i¢hi¥orth Garden City. Hertfordshire and Bideford. Deion- TheÉr i¥ork ini'oli es i'oluntar%' %%"ork in ihe parish schools. administrydtiiie ork. assisting ¥'ith Caiechetical pro£ranimes. Eucharisiic minisiTr and oivinu siipport 10 ihe local parish:
SISTERS OF CIIARITY OF JESUS AND IqARY ANGLO IRISH PROVINCE TRUSTEES, AI%N'UAL REPORT (eonlinued) FOR THE YEAR ENDEDJI ALIGLST2021 ACHIEVEMF.NTS AiYD PF.RFORIl.4'CE (continued) Soti#l and paslural Thork (continued) P3sioral Care ol. resideiits in Stella Matutina Care Home. Se,]Ces ale held in ihe Chapel and tliese are also open to non-r¢sid¢nts- Chaplaincy work in hospitals. Alongi iiith all oilier organisaiions li ho sen e in ihe commui)iN. ¢lic Trustccs rccogni8c thc absolute necessit). ot ensurino the prc)te¢iion and safeTh" of all Iliose the Charit! sen'es. In Februar). ?0?2 we signed up to the Rl.SS and i%'ill be adopiino their Safeouardino Model Policies. Currently all Sisters. staff and volunteers are required to comply i¥ith our Safeguardin Children and Vulii¢i"abl¢ Adult Polici" and Guid¢lin¢s documeiii iihich 'aS last rei'icii'ed in Sept¢iiib¢r 20?1. Encoura(Fing and motii'aiino members to iiork ii'ith and assist thc poor. elderlN' and marbyinalised, for exaiMpl¢ tilo ol-our Si%t¢rs %%orkinbT in these areas L)Ll'e ihe follo1¥ in¥ accoui)Is of il)eir iiiiiiistTh'. Sister Philomena F.nri ht Sist¢r Philomena is a trdined volunteer i%'ith the local Citizens Infomialion Seriice. The Ciiizeiis Infomiation sen.ice is frec. confidcniial. independeni and prii'ate and is ai'ailable to the publie. During m>, 'orking dai, I meet i%"ith people from all ii.alks of life seeking7 infomiaiion and help on arIOuS issues_ li is m!. job to provide a friendl!. atmosphere ii.herc poople ean ialk freel!" Lnoiving that ih¢N' will b¢ list¢n¢d i() ith r¢speLi and counesl. l £ii'e infortllation on= Client's rights. Help clients get their eiltitleiiients. Give inforn)aiion on pai'meiiis and alloivaiices. Help clienis fill out forn]s. Help clients li ith appeal or io make a coinplaint. Social 'elfare pavmei)ts. Housing. Eiiiplo%'iiiLni Righrs. Edu¢aiion and Training. Health and Healtl) Seri ices. I can also be an advo¢at¢ for a ¢li¢ni if necessatv. Mi. role &$ an adi'ocate is to.. Enable p¢ople io seek and r¢¢eii'e infonnaiion. explore and understand their options and make Iheir ish¢s and i'ieiis knoi¥"n to others. Support people io represeni iheir oil'n vie1I5. w'ishes and intcrcsts. espccially i%'hen they find li di1£It io articulale ihese to others bi ihL'trbseli L's. Empoi¥er people to make decisions for themscli'cs. Ensure people s rights are respected bi others. Stand alongside people iyho are in danger of bein2 i£nored. While Coi'id-19 lockdoivn restrictions hai'e meani ph>sical meetings have noi alm'ays been possible. I have been abse to continue providingF adlre ai ihe ieleph()rte and ihrou?li einail correspoiidence. It 15 a privil¢&F¢ for m¢ io abl¢ io do ihis 'ork w hich I feel is of great benefit to the Public.
SISTF.RS OF CHARITY OF JESUS AND.MARY ANGLO IRISH PROVINCE TRbSTEES' A.N.NUAL REPORT (continued) FOR THE YEAR ENDED 31 ALGUST 2021 ACHIEVEMENTS AND PERFORLIIANCE IroDlinued> Social and p8Storlll iTr'ork (continued) Sister M#rian Dai'ev Whilst Covid reslriclions have now been lifted the r¢tuni to nornial cvcTh'daN' aclivit), is still a slow process. The NHS Ivard Surv¢} iiork i%"hi¢h I did for ihe Blackpool 110sPltal Trust on a Theeklv basis is still suspend¢d because it involves sitting next to ihe patient io fill in the questionnaire. The Mental Healrh Hospital li here I had applied to work as a volunteer on their heSpline project is slill not able to proi ide the necessar% Iroinincj for i'olui)teers Iioii" due to a shortagTe of personnel. In the meaniime. I hai'e coiiiinued supportino ? of tnN' nei¥hE)U here in Ilie Apartmeiit block i%"hcre I live. One reqliires iieekli. SUPTX)rt for an infomal chai as sl)e ballles againsi depression. As part of a team, I help iyith dog iialkingT attd shoppino for anoiher i'en" eld¢rli' n¢iLhbour. I support aiiother retired couple in a illage aiM)Ut 8 miles froTn Ansd¢ll. The liusband has had a strok¢ leai'inb him '1th speech problems and his 'Ife has seere leiels of hearing loss. Hoii'ei'er: irk Spite of thes¢ dIl¢u[tieS we manage to hae a good chat o*'¢r a coffee tiiice a month. I continue io mainiain m). involvemeni %% ith Care ofthe Earth issues. MI, Inajor focus for oier 2 years was on ihc urgT¢nl tL¢¢d lo pie% ent frackhiig for shalc L?as Ii¢r¢ in tli¢ Laiicashire and in our local area. A Inea8ur¢ of guccess has beei) aclliei ed since the Goi"emmeni Suspended tl)e licetkce for fracking for an ind¢finite period. Indeed. the tracking Il'ells iiere supposed io be capped and ihe siie reiumed to nortlldl familand usage. Hoii'ei'er. i%"ith the current shortage of oil due io ihe 'ar in Ukraine proinii)enÉ polilicians are noi% callinLi on the goi"ernm¢nl to rene¥% licence applicarioiis for further explorations for fracking as a meaiis of increasing oil supplies i%'hilst reduciiig our dependence on Russian oil in the long temi. So li looks as if the anti-fracking campaign ii.ill hai'e io be re aciii'aied aoain in the nLar future. l also folloi%'¢d the COP ?6 Gathering in Glasgoii" in Noi'ember ?0? l. Due to seN'ere flood and bad IV¢21her 'aM]ngS ai rhe lime l ilas prei"etLTcd from iraiellinLi io ihe eveiii iiself. So. l joincd prc)l¢st Groups in ManchL'sier. It i¥as a i'eTh eiiipoiiering el'enl iihich enablcd us io send a sirong iiiessage to tlie i%'orld L¢aders participatitLQ the COP 26 eKeni li) Glasgoii. All of this is OllbTOLng so there's plenty. of scope for funlier inioli'eillent. At ihe Tnoment I'm supporting a local fundraisino initiatii'e to help i"'ictiin5 of ihe ivar in Ukraine. A local lamili. i%'ho run a resiauraiii in Liihan) liai'e fainili coniicctions io Ukraine. "I"l)eir son took time out uf work and spent 3 iieeks on the Polisli border transporting refuoees in a 7-seaier car he rentcd to varioLlS parts of Polai)d Ih¢re th¢} had fajnil) and frieiids. W'liilsi he has since rcturned home. along 'ith some triends he hopes to ¢oniinue i%iih this project accordin£ to the need gToin&, forth.ard. Obviously. Ihis siipport requires finan¢ial supwrt, so I have volunteered to help wilh raising a modest amount for the funds over the weeks and months ahead. The war has also had an impact on seafarers from Eastern Europe and Filipinos i¥ho ma). be working on mixed ereii cd ship%. So. l Continue li ith telephonc support for i Filipino seafarers and oiie froJn Georgyia. I Slill pr()1 ide telephone SUPFK)rt to a iolunteer li ho k"isiis ihe ships as he tries io offLr suppofl lo Ukraiiiian Seat-are and lisien io iheir siories and anii¢ties for their families back lioine. Ai (he same iiine, he also lias io find iN'a!'s of ¢ngagiin¥T l%"ith Russian seafarers iiho ilork alon¥sid¢ ¢l)eir Ukrainian sliiptnatcs. Obi"iousl!'. Ihis is a i'en. uneasi. situaiion bui amazingl). both Ukraiiiian and Russian seafarcrs managJ¢ to iiork alon¥i%ide each oiher for tlie moiiicnt anl'ii aj..
SISTERS OF CHARITY OF JESUS ATr¥D.MARY ANGLO IRISH PROVINCE
TRUSTF.F.S' ANNUAL RF.PORT {eontinued)
FOR THE YEAR ENDED 31 .4UGLST 2021
ACHIEVEMEfiTS AND PERFORMAN'CE (continued)
Stella latUl)n1 Care Home
Th¢ Ch41rily ()%% ni op¢rdl¢s a r¢5id¢nlial lar¢ huffl¢. Si¢lla Maiutiiia. The philosopli). of care is io
ensure a homel!.. friendl), ai)d open airnospl)ere amonosi residenis and siarr ii.hilsi niainlaiiiingJ the
privac!.. dignLt¥. rights and qualil! of lif¢ of all r¢sid¢nts.
There a 43 ri)oms at Stell
SISTERS OF CHARITY OF JESUS AND MARY ANGLO IRISII PROVINCE TRUSTEES, ANNUAL REPORT (eontinutd) FOR THF. YE.4R ENDED 31 ALGLST 2021 AcHIEvElETs ATriD PERFORNIAP*'CE (continued) Overseas mission#ri' M'ork The Charity. supports Ihe ii.ork of Ihc ContsJegaiion ii'orldii ide in the Dctnocratic Rcpublic of Congo, India. Pakistan and Sri Lanka. Donaiions are also gii'en io suppon oiher missionary needs as apprtspriate. Complexe Scolaire Ifere Placide School. Rw'anda Rii anda is a small countt) in C¢ntral Africa. It has an ar¢a of 26,J)8 km w'iih a population ot I I million. The main source of income for the people is esseniiallN agriculiure. Rwanda aS heavily aff¢¢i¢d bv the socio - polilical crisis of ihe g¥¢nocide. thai ¢aus¢d s¢k'¢ral hundr¢d ihousai)d d¢aths in 3 monihs in 1994. The Lons¢qucnLCS of ihis g¥¢nocide are illLalculabl¢ and continuc to hai'c i'isiblc impaci in the couniry. io this daN'. Il'hole families iiere li iped oul. and man) idoil's. orphans, and elderl!, people reinained. .hO "ere desolale. ii'ith little or no means to sur¥'ive. Another inei'itable consequence of ihis crisis is the many uneducated children and )'outh and school drop)uts. Our Congregalion. Sisters of Charity. ol-jesus and Mar%.. (SCJM ). i%."ho are ivorking as missionaries in Kibeho. i%'hich is located in ihe Southern Pro%'ince of Rls'anda. are i'ery. aii'are of ihe iremendous need for education. In ?018 the Truslees agreed to pledoe £?Jik to part fuiid the buildiiig of 10 new. classrootns for the Congregation's primar). sch(xyl the Cotnplexe Scolaire Mere Placide School. The photographs that folloiv speak for tliemselves. as the smiling faces of happ), cliildren. exude the joy of youngsters enjo)'ini their ne, sch(J)l. iihich includes food for the td1' as iN'ell as tlie mind. As members of the SCJM tamil¥ here in England. we ii.ere deljohied to help financially tom'ards ihe construction of l O classrooms for this nei¥ school. ILII
SISTERS OF CHARITY OF JESUS AND MARY ANGLO IRISH PROVINCF. TRUSTEES, AN.N'UAL REPORT (eontinued) FOR THF. YEAR E.NDED 31 AUGLST 2021 The Generulate l)ave beeii iiii'il¢d ¢0 propose furthcr suitable projects for funding. Once a suitable project has been identified appropriate due diligence i%'ill be undertaken and robust coi)trols put in place io ensure the funding proi'ided is iised as iniended. RISK lANAGEMENT Thc Trugtees hai'e coiisidcrcd th¢ major risks io li hich th¢ Charih, is exposed. Ii'er%' effort is beino made to mitigate those risks. The ke), risks for the Charii). as idcntified b! ihe Trustees, are described belo, tO&Tether i¥'irh the principal ii'a>'g in M hich ihe!. are mitigaied.. GoTr'ern#n¢e gnd Manageent The Conuregation has an oblioation. both moral and leoal. to proi.ide care for its Inembcrs, none of .hom hag resources of her oi%"n and all of i%hom haic dei.oied a significant part of their lii'es 10 Il)e activities ot th¢ Lharit),. Tlie Sisters a 811 under a voii" of poi'erti" and therefore providing ihem ¥¥'iih support is considered ro be an imwrtant eleiiieni of ihe CliariN 5 I%()rk. Wherefver possiblc. car¢ 15 provided for frail and unii'ell members li'iihin COTllTnunilies. The ii)cidence of such care needs is impobsibl¢ io predict and th¢ Trustees therefore b¢li¢N'e thai li is incuinbent upon ihem io maintain r¢serN'es at an appropriate lei'el io ensure thar the chariiy is able to meet ihis obligation - see Reserves Policv beloM'. Along iN'ith all other organi%aihons i%,ho ser%e in thc communiTh'. Ille Trustees recogni5e Ihe absolute necessity. of ¢nsiirino the protcetion and £afet%' of all those ihe ChariN' sen'es. We joined (he Religious Life Safegiiardiiig ice in februar). ?0?? The Trustees are Inindful thai ai some time in th¢ medium to lon?er lenii. tlicrc mai be issues in relation io succession platkning for ihe gyoi'ernance of ihc Charil!. Wilh an ageiiig iTfOUP of Sisters. it Ina). be necessary. to consider appointing la). trustecs (thai is irustees "hO are noi meinbers of the Congregaiion) andlor Sisters from ov¢rseas areas i%"here ihere is a greaier pool of !'OUllLier iii¢mbers. Such steps Inay require constitulional chanties for the Charit!. The Trusiees continu¢ io keep uiider rei'i¢%% the issues and (h¢ options open to ihem. Propert!. and Operational It 15 absc)luteli n¢LesS3r)' io ensure that our propenies continuc lo be safe places fortlic residenis. Sisters and i'isitors lo usc. Aii¢niion is £ii'ei) io kc¢pin4 our propenies in good r¢paii. General 11)ainiciian¢¢ is regiilarl). carried oui. Tliere is an on-going progrdmine to ensure compliaiice ii'iih ihe increasiiig deinands nf Health and Safet¥, Regulatlons particularli. li ith regyard to Fire R¢gularions.
SISI'ERS OF CHARITY OF JF.SUS AND IMARY AI%GLO IRISH PROVIJ%CE TRUSTEES, ANNUAL REPORT (continued) FOR THE YEAR EPIDED 31 AUGL'ST 2021 PropeO' and operational risks are revieii'ed annually ii'ith an insurance broker lo ensure all risks are identified 2nd insiired against i¥here possible. All properti is mainiained io a hioh standard and Siella M21ulina Care Home has comprehensii'¢ processes in place lo ensure appropriate healili aiid satety staiidards are tnainlaintd. The Care Qualii!. Coinmission is respon5ibl¢ for r¢% Lei% inLb standards acl)iei'ed at Stella Matutina Car¢ Home. An). serious iiicideilts are reported to thc Care Qiialin" Commission. Safeguardii)g and the Charity Commission as appropriate. The Care Qualit). Commigsion undertook an inspeciion in FebniaT>' 20? l and Ilie oi'erall classitication lias Good. Ini'estnients and FinanciAI Thc Charit). 15 r¢li<inl hni"esiment incon)e io carrv out its actii'iti¢5 and u5¢5 two inYe5tttteni maiiabTers vith diftereni a5seis class benihmarks io miiioaie to some eiteni ilie risks assucidted iih Inarke¢ volatility. Boih portfolios are manaoed to proi'ide income and capital £roM".th t#kin&T moderaie risk. The Triistees receii e invesimeni repons on a quarterl). basis and nornialli. meci li iih iheir managers on a quarterlw or half ! earli. basi5. -1-h¢ir perfonnaiice and that ofthe ponloli05 arc tnoniiored carefullv. The Trustees take a conser¥'aiive approach to managing cash and fil'e s'ear cash floiv forecasts are e.xainined and rei'iei%'ed ai least annuall). io ¢nsure adequaie cash is ai'ailable for both known ii¢eds and to some degr¢e unknoiin ¢oniingencies. The Trustees seek to make ihe best possibl¢ use of the Charities financial resources. Reputational and SafL¥uarding The TrLlStees adhere to the highesi siandards of iniegrih. and eipect all menibers of the Province and etnplo}ees to do the same. A r¢gist¢r of interests for the Trustees is maintained and kept updated. A confl ici of intere51 polii). is in place for boih Trustees aiid emplol'ees. The Anglo-lrish Provkn¢¢ has 4 ¢omprehensive Child and Vulnerable Adult Saf¢guarding Policy booklet which was lasi rc%'ieM'ed in Sepiember 2021. We are nietnbers of Th¢ Religious Life Sateguarding Sen'ice. Additional risks resulting from COVID-19 The COVID- 19 pandeinic has presenied us ivith tilo areas of neil" risk. operaiional and financial. The operational risk is ihe inipact of infe¢iions on our siaft'and residents plus the ai ailabilit). of ad¢quate PPF. equipment. Ive haie prel'ious eiperience of all residents self-isolating in iheir rooms to prevent the spread of infections and this. iogether ii'ith a good suppl!. of PPE has alloi¥ed us to continue operate our home i%'ithout any CO]d-]9 relaied d¢aihs. 10
SISTF,R8 OF CHARITY OF JESUS AND MARY A'cLo IRISH PROVINCE TRUSTEES, ANNUAL REPORT (continued) FOR THE YEAR F.NDF.D 31 ALCLST 2021 RISK.IIANAGEMEI%T (continued) Additional risks resulting from CON'119 (Continued) We haN'e bLen dLliglil¢d li iih the i%a%' our siaff hai'e stepp¢d up to the challenqes of infection control procediires ai)d coi'cring th¢ shift5 of their colleagues h0 are sclf-isolalinb.. W'e hafve been able to operate i¥i(h the need to use elternal 3&Tenci siatT. The main finaiicial risk relates to thc incN'itabl¢ r¢du¢lion in our ini'¢stni¢nt iiicoin¢. 14oM'ever, because of the diversificd nature ofour inyesiineni wnfolios ii"e arc not ii.holll' reliani on dii'idend incoine. Our fii'c-}'c2r eagh floii forecast has been updated usingy i'ern pessimisiic assuinptioiis. Il'e are satisfi¢d we hav¢ adequale cash lor at least the neit lilo %¢ars. In suniinar). i%'e hai'e ideniified our tllain operntional and financial risks. In the case of thc former we hai'e iaken appropriate action lo mitigaie ihe risks. For the latter, ii"e h2I'e l)oih rhe eapiial and liquidity io coiiiinuc our acthi'ities lor the foreseeable fuiure. Therefore th¢ Trn5tees are confidcnt ¢he ¢harity is 'ell placed to respond and dLal iiiih ilie 1% holli. unprecedented challengcs iurrenill. fa¢ino thein. FINANCIAL RF.VIEW Ini'estment polici. Tlie Cliaritj s iJTri'¢stm¢nts are managed b). Julius Bar and HSBC Private Banking. There are no restrictions on the ChariN' s poiyer io invesi. The ini estment sirateg), is set by the Tru5ttts and tskes into account incomc rcquiremenis. the risk profile and the iniestment manager s vieii. of ihe mark'et prospecis in boih ihe mediuin and longJ ierm. The polic!, is lo maximise total retum. Ivithin a gii'en lei'el of risk. through a diversificd ponfolio h1]st providing a lei'el of income adi'iscd b)" the Trustees from tiine to time. There is also an Ethical Policy precludin2 invesiineni in an!. cotnpanv which. after t¢asonable enquij). clearly lias significant profits rroin an aLlii'ii)' which is coiiirarv io ihe objectii'es of the COnggatIon. The perforniance of th¢ portfolio and ihe Chariii, s invesiiileni sirarcgj arc rci. i¢ii'¢d b). tl)¢ 'l-rusiees who nom)ally m¢el wilh Julius Baer International quart¢rly and HSBC Privaie Bank eery six montlis. Ini'estment perfvrmance Overall, ini'estment income durino ihe l.ear aS doii n £107k on ihe preN ious j.ear al £439k coinpared to £i46k. Tlie realiscd and iinr¢alis¢d gyJins on ihe capiial ¥alue ol-tlie iiil'estiiicnt portfolios aiiiouiited to £? ?74k. compared to realised and unr¢alised losses of £369k iii Ihe preN'ious )'ear. The ow¢rall income retum w'as l. j80/ts. The total return (capiial plus in¢om¢) on the Charity's various portfolios was appro.Kiinaiely 13.190/0. The ini'estinent managers continued to ini'esi in 8ccordance '1[h the Trustees. ini'eslTnent poli¢N' s¢1 out earlier in the retx)rt and compl!, li iih ihe eihical guidelines oiN'en to them. The Trusie¢s are satisfied vith tlie perfoniiance of ihe ini'estnienis and remain happ!. thai iheir iiivestment objeciiies are being Incl. Sinc¢ th¢ N¢ar end the losses on the capital value of the in¥¢stment potrfolios have bmadls, been recoi'ered.
SISTF.RS ()F CHARITY OF JESiiS AP4D.MARY AN'GLO IRISH PROVIP4CE TRUSTEES, AY.YUAL REPORT (¢ontinued) FOR THE YE.4R ENDED 31 ALGLTST 2021 FINANCIAL REVIEIV (conlinued) Results for the )'ear A sumii)ary of th¢ )ear s resulis can be found in th¢ Stat¢m¢nt of Financial Actii'ilies. During ?0?0121 total kncome redu¢ed to £1.7?3k from £2.0?8k in the prior year. Of the income. a total of £872.Ok (?0191?0.. £1.134k in ihe prior l'ear) relaied ic) Ihe fees receii'able and othcr incoinr of (he Charit!. s care home. A total of £401.Ik {?0191?0.. £337kl il'as receii'ed b)" I.a}. of donations and legacies. Ini'estnicnt incotne and inieresi re¢eii'able totalled £439k (?0191?O.. £i46k). Expenditure ioialled £? 376k compared io £?.44ik in the prior l'ear. Expendiilire 011 the Charitl 5 Lare hotne ainountcd io £1.347k l?0191?0.. £1,438k) and ihai incurred on Iiiaintaining Ili¢ memb¢rs of the Congregation and supporting ihem in their pasiornl ii'ork and ministrv amounted 10 £407k l?019120.. £379k). Grants paid in the fomi of Oi ¢rseas iransfers. plus an allocation of Goi'emance and Siipport costs. toiallcd £44ik in the l'ear compared io £iO?k in ?019110. Of ihe ol'erseas trai)sfcrs, £) I k Thas Iransferred io siipport uiers¢a5 wnissions. The remainder il.as to fund th¢ lil ingj cosis of our Sisters living in Ireland. Fees paid to the Charity's ini'estment tllanagers during ihe >'ear ivere up on the prior )'ear by alinost £3k at£128k. Net eipenditure before gainsllosses on iniesiments forihe )'ear was a negatiwe £60Jk (2019110 £41 Skl. Th¢r¢ w'er¢ SlLTnilicaiii iii%'estinent gains of £1 ?74k cOMpad to loss¢s of £)69k iti 2019120. This resulied in an increasc in funds lor ihe year of £1.671 k. (20191?O= a de¢rease of£784kl. Fundraising The charity has nul made an}, fundraising appeals to ihe gcneral public duriiig the l'ear. and is unlikel io do so in tlie futurc. Thcrc ha5 be¢n no ouisourced fuiidraising i.la professional fundraisers or other Ihird parties. Consequenili.. the Charil!. is noi reoistered ith ihe fundrai%ingT regularor ai)d received no fundraising complaitkts in the )'ear. RESERVES POLICY AND FINANCIAL POSITION Re$er¥'es Policy The Charity, Ci2rrics out a dii'eTse rang¢ of actii'iiies and is responsible for care and support of Sisters whose avera£e age is increasing and m.hose needs are changing. The Trvsiees hai'e e.xainined the need for free rescn'¢s i.e. those unresiricted tunds iioi ini ested in tangible fi.xed asseis, desigiiated lor specitic purposes or oiherivise cominitted. 12
SISTERS OF CHARITY OF JF.SUS AI%D MARY ANCILO IRISH PROVINCE TRUSTEES, A.Y.YUAL REPORT (conlinued) FOR TIIE YEAR E,ED 31 AUGUST 2021 RESERVES POLICY AP¥D FINANI CIAL POSITIOJI (continued) The Trusiees consider ihai. gii'en the naiure of the Charit). s iiork and ils cominilinenls. tlie level of free reserves should be approximatel!. equal to one lo ttvo )'ears budgeted e.xpendiLure. The free reserves ai 31 Augusl ?0? l of £3,4i8k ii.ere approximatels, equal to 17 monihs budgeted ¢xpendilur¢ foi th¢ Lurr¢nl s'ear. Whils( on the loi% side. the Trusiees consider ihe free reserves to be acceptable gii'eii Lasli lield ai ihe )'ear end ilas £? 940k. Financial position The balance sheei shows total resen'es of £?7.890k. Of this, £3.4 j) is represented bv properties and other iangible filed asseis essential for ihe support and iiork. of ihe Sisiers. All tai)gible fi.lcd assets used for the support and minislTr' of tnembers ofihe Coftgregaiion fomi a designaied fund eqiial io Ihe net book i'alue ol. the tanftible fixed assets. In addition. the Truitees haie set aside £21 In to Incet the cost of the care and iyelfare of ihe Sisters in their retire]nent. The amount of capÈtal required to proi'ide for our Sisters in retirenient aS coiisidercd in March ?0? I in the light of ciirrenl expectations regarding inflation. interest rates and inN"estment returns. The rei'ie Iised actuarial principals, knoii n cosis. an inflaiion assumpiion. ai)d looked ai a raiige ot. ini'esriiient rcturns. Th¢ suni of £? I m has been set aside as a d¢signai¢d capital Ser¥'e in tlie accounts aiid Ehe Trustees are satisfied this Coniinues io be adequaie. Unrestricied Funds amounied 10 £3.438k as ai 31 Augusl ?0? l. Tliese funds are required for a variety of reasons. including the need io earniark funds for ihe i%orking capiial required for tlie running of the Charity.. It is the intention of the Trustees thai nei assets should be deoled io lis continuance. The level of unreslricted funds needs to be Conside in the lighi of annual expendiiure of around £2.5m the increasing aue proflle of the Sisicrs, il iih ihe eonseqiieni rise in costs. and rhe need for the Charity to continue to support the Iork of the CongrcLTation. boih in England and Ir¢land. Trustees are of the opinion that the free resen'es arc adequatc bul not ClC¢S5iN'¢. FUTURE PLAI%5 The TrLlStees oi'er ihe forthcoming N'ears aim lo.. Reviei%' the Charit%, s properties used as comtnunits. houses and assesses their suitabilih. as homes for tlie elderl). and frail. Those identified as kino unsuiiable li ill be adapied or. if this prove5 iMSSible. sold. Enable all members of the ProTr'ince io continue i&iih their individual ministries for as long as possible. The Charity also Loniinues io assist members of the Province in their chariiable and relioious work and enablcs othcr menibers to i%'ork voluntarilN i%"iihoui remuneraiion in iheir chosen Ininistries. The Trustees do not anticipaie anv sionificant chanoe to the Charih. or its activities over thc ncxt two to fiv¢ )'¢ars. It is ih¢ir int¢iilion to continu¢ to n)eei the follo1% ing objeciives.. To ¢ontinue io care for ihe Siste. wheiher the), lii'e independently, in communilies or qUIre full time Ldfe.
SISTERS OF CHARITY OF JF.-%US AfD N1ARY ANGLO IRISH PROVINCE TRUSTEES, AI%NUAL RF.PORT (eontinued) FOR THF. YEAR EN'DED 31 AUGL,ST 2021 FUTURE PLANS (eontinued) The Trustees do not anlicipale any signiticant change lo the Charity. or ils actii.'ilies over the next two to til'e lears. It is iheir inleniion to conlinue to meei the folloi%'ing objeciiiies.. To contiiiue to care for the Sisters, ,he1her the! liN"e independentl).. in communities or require full lime care. To coniinLie to support those Sisiers ii'ho are abl¢ io carry out pastoral %%'ork and ministTr. Fociis w'ill coniinu¢ to be g?ii'en io assisting and caring for the elderlj. the wr and the marginalised and reaLhin¥ ou( io as iiian) as p()ssible. To continue to opcraie Stella Matutina Care Home and in particular: .1 o proi'ide tli¢ higli¢sl possible qualit}. of care for ihe rcsid¢nts in a dignificd and friendly el] ironmeni: To acliievc av¢ragye occupanc!. rat¢5 in ¢.Kcess of 900/0 ai Si¢lla Matutina Care Hom¢: To attain high success rates in inspections carried out by lh¢ Care Quality Commission at Stella Matutina Care Home- To coniinue the rolling progrdmtne of refurbishment: and To conlinuc to ¢mploy high quality Staff and ensure ihal ihe!. are gii'en appropriate and relevant Irainin8. To suppon ihe Conpregjation s ilork oi'erseas and for ihe'l-rusrees to satisfy ihemselves thai the funds are applied for their ii)tend¢d purpose. To monitor the needs of the Sisters as th. groii, older and. if necessary. adapt thc Chariry's plans in respcct of propert), needs and the proi ision of carL io elderlN' members. STRUCTURE, GOVERYAIN CE AND MANAGEI¥IENT STRUCTURE The Briiish Isles PruvinLe Lomprises 33 Sister5 i1.ho lii'e as part of l O Communities. 5 in En(Tland and S in Ir¢land. Usiiallj thcr¢ is an annual Assembl), of all ihe Sisiers ihat are iiell enough to atteiid, w liere they Inc¢t to discuss and plic n for ihe }'ear ahead. This is a ier%' happ)" occasion 1% liere Irieiids ni¢¢t and share their life experiences. Due to Covid-19 ihe Assembl} planned for Ociober 2020 118d to be cancelled. GOVF.RNAfCE In teriiis Dfcanon lai%. the Con£rc¥aiion is goerned at an iniemational level by. Ihe Superior General and her General Council in Brussels. The! are elected ei"er)' six }'¢ars at a General Chapter or meetiiig of representatii'¢g of all proi iiices of ihe C()n(vreoaiioii. The British Isles Proi'ince is goeMed bK' Ihe Proviiicial and lier Provincial Council. li ho arc appoinied bi, meiiibcrs of ihe General Goi"eriiinent. Memb¢rs of ihe Prol'incial Council are chosen for ih¢ir personal qualitics, Ihcir understanding and experience of the tninistrics of ihe Sisiers throughoui ih¢ Prok ince and to secure a good skills mix among them. In tlie Proi ince ¢ommui?ities are goi'¢m¢d b!, a local Superiorlconiact Persoii appointed bj. the Prol incial. Th¢ Pro% iiicial noniiall! i isits each commuiiiN at l¢as¢ once a l'ear biit this has not been possiblc durinL the l'ear uiider reYi¢ii du¢ io Coi'id-19 lockdoii.n r¢sirictions. There is a si'stem of accountabilit!. operaiional throuehout the Province io ensure thai ihe Provincial Superior and her Councillors are ai%'arc of the proare55 and dei'elopinent of the minisiries ¢arried oiit bv the Sisters of thc Proi'in¢¢. A i isii by the Superior Gen¢ral is made lo tlie Anglo-lrish Proi'iiicc at l¢ast oiice every si.¥ )'¢ars. 14
SISTERS OF CHARITY OF JESUS A'D.lARy ANGLO IRISH PROVINCE TRUSTEES, AYYI UAL REPORT Iconlinued) FOR THE YEAR EI%DED 31 AUGLIST 2021 STRUCTURE. GOVERNANCE AD mAAGF.mF.11T (continuedl GOVERNAP*CE (continued) Tlie Trustees are Ineiiibcrs ot the Congregation i%ho have a detailed knoi¥,ledse of ihe w'ork of the CharitN and its slriieiure. The Tmsiees meei li iih Ihe Congregation s legal. accouiiting, iiiwestmeiit and propen) adi'isers as appropriate. The Trustccs arc Liliimaieli r¢sponsibl¢ fc)r ihe poli¢i¢i. aclii'ities and assets of tl)e Charity. The) iiieet quarterl J to rcvicii dcN elopmcnts ii'ith r¢¥Tard to the Charil!. and ils aciii iries and lo make any iinportanl decisions. When necessary.. lh¢ Trustees seek advice and also support trom the Chariti, s profcssional adi'isers includino propem consultants. ini'estwnenls wnanagpers. si)lieiiors #nd aceouiiiani%. Tl)e da). io da). managy¢m¢iit of the Charit) s actii ities. and th¢ implctncntalion of policies, is del¢gat¢d lo th¢ appropriate meinbers of the Congregation or other appoinied siaif. Due ro Cokid-19 lockdown restriciions some of the meetings held over ihe last 12 months hai.e been by Zoom or i¢lephon¢ coiiference call. The Trustees attciid formal training course5 as consid¢r¢d n¢c¢ssary lo fulfil Ih¢ir duties ai)d are also briefed on specific matters b! (heir professional adi'isors. There follows brief bio£raphical inforniation on each of ihe Trustees li ho ser%.ed during the year to 31 Aug7USt. ?0? I.. Sister Elizabeth Roche Sister Elizahetli tau()ht Science and Religious Education ai St. Angela"s Comprehensive S¢hool for ten )'ears. Hal'ing Siudied for a Nlasrer s D¢gree at Souihampion Universit), she returned to (he SLhool and served on the Senior Manaqetnent Team. li.here as tkpul!" Flead Tea¢her she had oi'erall responsibility for th¢ Pastoral Curriculuni. During this tiiiic and until Junc 199? as a qualifi¢d Counsellor she also worked for a i'olunrary oroanisation. In ihc Tnid-¢i£ht1¢5 She il'as ini'oli'ed in faciliiaiinb? Ihe amalgJamation ol. tl%O sch1) Isi. Angiela s girls aiid Si. Micl)ael s bo!.'s) iihich became The John H¥tir)' N¢i%man School. In l()9? she ¥¥"ent as a missionaTh' to Peru, South Ajnerica, and ivorLed in Primary Health Care and Calechetics. In 1999 she ilas appointed lo Brusseli 'here she sen'ed on the General Leadership 'l'eam of the Congregation tor six )"¢ars Ulliil AubTUSI ?005. Slie il'as appoinied as a Inembcr of tl)c Provincial Leadership Team in 2006 and in Jul). ?010 w'as appointed Prol'incial. Sister Man. F.Ilen ()'Rrien Sister MaTh' Ellen joined the CongTrcoaiion in 1963. She irain¢d as a Siaie Reoistered Nurse at the 'hirtiiigton Hospital iii Higlioaie. She li.as Nqanag¢r ofour Car¢ Hot]i¢ in RoNl¢)' Court. Willian. Herts. ror 12 l'ears. Sh¢ was Adiiiinisifdior of the Conoreoaiion s Hostel aiid Nursiiig Home in Nl¢lbourn¢, Australia. with l ?0 residenis. having reswnsibiliN' and oi'erall adiniiiistration and operation of the home i%'ith oi'cr l 00 statT for 8 }'¢ars. She speni 6 lears in Peru. Sourli Ainerica, Ivorkiiig iii Primarv Health Care. She Ivas Mairon of ih¢ Congr¢oation's Nursiiio Home in Ireland for ) )'ears and thereafier was Proi'incial unlil 2 July, ?0 l O. Sister Joan Yal Sister Joan tauolit Mathematics and Religious Educaiion in Si. Francis College. Letchi%orth Garden Citv and St. AngTela s School. Siei'enage. before spending ihree lears ai Souil)ainptoii UnlersIt) as a Research Felloi%.. She then leciured at Bristol Unii'crsit%' for fli'c i'cars. Froni h¢r¢ she moijed to Holly Mouni Home for the Elderl!. w.ith a staff of eight! li hcrc. for ihree )'ears. she ilas respoiisible for its managTement belore beingT appointed Proi incial. Sii)ce Ihen she has ii'orked for Wesiminsier Diocese in Adiili Pastordl Fomialion. She lias a member ofihe Iniernaiional Finance Commission from 2007 unli ?0 I l i¥h¢n ils tertn of offi¢¢ t¢miinaied "Ith ihai of the General goi'ernineni of ilie time.
515I'LKS OF CHARITY OF JESUS A.ND NIARY AYC-LO IRISH PROVINCE TRUSTEES, AIINUAL REPORT (conlinlled) FOR THE YEAR ENDED 31 AUGLST 2021 STRIICTURE. GOVERryA.NCE AfD.M.4ThAGEIIETriT (continucdl Sister Patricia Jose hine Calla han Sisier Patricia Jos¢phine Callaohan joincd lh¢ Congreoation in 1960 as a qualified teacher and spent ttheni!.. l'ears as Head Teaiher of a Diocesan Priiiiari J.M.l. Sihool. Slie ilas siibsequentlN appoinied Provincial Bursai in 1990 and retired from ihis post on JO, June 7007. being replaced bj. a la) Bursar. Sister Philomena Enriuht Sister Philomena Enriohi joined (he Congreoaiion in 1960. She trained as a Teacher in Rochampton Institute ol- EdLicaiion and then taughi in Holli. Mount Lancashtre. Leichii'orth and Devon ilhere she 'as Headmi%iress. Follo iiig tiients. one lears of ieachino Sistcr Philomena opted for a cliange of Ministrv and (rained as a N'lirse in SusS¢X t)oi¥ns Scliool of Nursingy, i¥"her¢ she enjo)'ed eigliteen l'ears of Nursing in an acute Disiricl Geiierdl Hospital until her reiirement iii 1008. On recirement Sister Philomena Inoved to Ireland i%"here she is ¢urrcntl!' contaci person. She is actii'cl) ini'olN cd in Ihe local Cominunit). Is hLre she is a meiiiber ol-the Pari>h Cominirtee and co-ordinator ofThe Childrei) s Liturgv. Sisier Philomcna is also a Irained volui)ieLr 1% ith th¢ local Citizens Inforniation Servrce. The Citizens Inforniation Sen'ice is free. confidential. independei)i atkd prii'ate and is available to the public. SRSter Deborah Ivindle 2rite Trained as a t¢a¢h¢r in Roeliaiiipion Instiiutc of Edu¢aiion and ihen taught Enclish. Relioious Education and Cla55iial Siiidies ai Sr Frai)cis' Coll¢LT¢. Letchii ortl). Hcrts. Sh¢ il.as also l)ouse motlier to studcnts Yho boarded. She later studied TheoloiT! & Scripture at Milltoi%'n Park. Dublin. a Jesuit run Institute. This i¥as folloiled b), siud!, at the Irish Caie¢h¢iical Cenire in Mount 011¥r, Dundalk. On returning to Eng)land, she H'eni to SteNcnage. iih¢r¢ she iauoht Religious Educaiion. first at St Angela s and. after ihe amalgamation of lilo schools (Si Angela s - girls and Si Michael s - boi's), at Ihe John Henrj. Nci%"n)an School. In 199? sl)e moicd to Si Joseph's Parish. Epsom. Surrei,. Ivhere she be¢#me Caiecheiical Co-ordinalor for ihe Epsoin DeaneTh'. I.1th specific rcspon%ibilily for Sr Josepl)'s Parish, Epsom. Il'hile there. she irained as an assistant Relioious Educa¢ion Inspector for OFSTED and assiSt¢d ii¢h school ilispeciions in R¢ligTiQU5 Educaiion in rhe Dioccsc and Arundel of Brighton. Shc also parti¢ipaied in a nutnber of iiorkshops in Safeguarding. In ?016. she retired from full-tiine minisiry at St Joseph s Epsom but conlitbued to assisi in a ar]et). of ii'aN's on a voluniary basis. Sister Ann Dei'ine Sisier Ai)n ilas borii and raised in couni). Il'esimeath in Ireland ih¢ ¢ld¢s1 of a family of SIN. She join¢d the Sisters of Chariiy of Jesus and Mari in the mid 60's and folloii'ing tti'o and a half l'ears ol- Religious fomiation follo.ed a career in nurse education in l.ondon. In the earli. 70's she lias appointed as coordinaior of a residenlial iinit for childr¢n i%'ith mild learning disabililies and i¥'orked as a membL'r of a muliidis¢iplinar¥' team. Ha%'in2 compleied further nursing stiidies she sei up and managed a preschool I care unli for Lhildren ii'iih moderate learnin¥ disabililies and Inultiple special needs. Sisier Ann w.orked Ihere tor lour I'cars. She lias appoii)ied b!. ilie Sistcr Proi"ii)iial io joii) a parisli team ii) inner ¢iTh Dublin (yed s'OLing people and ihe liojiieless. Later she ivas ini'lled io support atld Mork. iih sla11). disadl'anta. by the Midland Healih Board and the Sisters of Charit%" ot Jesus and Nlar) and tl)e local Parents and Friends Association io sei up a sern'ice for adults iiiih inielleciual disabilities io further iheir education and create opponunities lo enabl¢ thcm to lii'e happN' and fuifillcd lik'es. Sister Ann is currenilv a member ot'tlie Pastoral Suppon Team for the Muiriosa Sen i¢es in Ireland and a member of the current Provii)cial Lladcrship Team. 16
SISTERS OF CHARITY OF JESUS AND MARY AI%GLO IRISH PROVINCE TRUSTEES, A'uAL REPORT (eontlDued) FOR THE YEAR Ef*DED 31 ALIGL,ST 2021 STRL.CTURE, GOVERNANCE A.YD IIIANI AGEIMEN'T {contlDued) Sister Eileen O'connor Sister E. il¢¢ii taiiilii GcographN., Sociology and 'aS Head of Religiou5 Studies and Car¢¢rs over a period of icn )'cars ai Si Frnncis Colleg¢. bL.lO iiiL to Bimiiiioham to do a M2siers in Theologj. Here she 'orked in a i'oluiiian. capalil! in Cliaritable Ceniers. i%"ith RefuiTrees (for ihree )'earsl and Vuli)erable Womcn {for fitieen i'earsl. Presentll she is Hospiial Chaplain at tiio ¢iii' hospitals for tliree dal's a e¢k, ii'ork she find5 very re"arding. Sisier Eil¢¢n is a meinb¢r of the Provincial Leadersl)ip Team. KEY MAYAGEMENT PERSONNEL The follow'ing lay staff support the Trustees.. Mr. Alan Kin Alaii is a rLlired banker iviih over 30 )'ear s experience ii'iih HSBC Bank. He lias held a number of senior iiianagTemeiit positions in knih corporaie and retail banking. includingT manaoii)g a business unit i¥iih a budget of £1 Om and 140 5tJff. His pre.lOUS YoluniaTh' %%ork includes adi'isin&. local gOerni71ertl on ¢conoinic issues and he l)as b¢¢n a goi"ernor of tivo secondar%' sch(N)Is. He repons to Sisier EIi7Abeil) Roche. his line Nlanager. and is a¢¢ounthble io ihe Proi'iiicial Lcadrtship Teaiii. Mrs. Damn Ward I'h¢ daN to dai. rcgponsibiliN. for Siella Matulina Car¢ Hciiiie iii Aiisdcll. l.ancasl)ire is in th¢ hands of the Regjistered Care Manaoer Mts. Daili) W'ard_ Dawn iKas appoinled the Reoistered Care Manager in fcbruary, ?018. Dai%'n has ol'er 30 I"¢ars experience ¢arino tor the cld¢rlJ'. Prior to joining us Daii'n was the Reqisiered Manager of anoiher care home in Ansdell. •Y7 -iu ement Pai. Th¢ TrustLes rei iew pay annually lo tske inio consideration CPI and ivage inflation. Perfomiaiice reN'ici%'s for ke!. Inanagetn¢nt ar¢ conductcd b! ihe line manag¢r but Ihere is no perforniance relat¢d pay. Frotn lime io time pay is benchmarked againsi secior pa> scal¢s. OTHER MANAGEMENT YF.RS0Y,EL Ms1%14xine ParrTr' and Mr. James Perkin. Maxine and James are direliors of Caresoli'e Limited and iiere appointed in al the eiid of 2016 to provide DraTIOnal and regulaiot), support to ihe Registered Care Maiiager and ihe Trustees. 17
SISTERS OF CHARITY OF JF.SLS AND IMARY AN'GLO IRISH PROVINCE TRUSTEES, ANNUAL REPORT (eonlinued) FOR THF. YF.AR ENDED 31 AUGL.ST 2021 STATEMEYT OF TRLSTEES, RESPONSIBILITIES Thc purpose ol'ihis Stalemenl is lo distinguish the Trustces rcsponsibililies foi thc accounts froi)I those ot the audiiors as siaied in their report. The Chariiies Act ?01 I requires Ihe Trustces to prepare for each Iinan¢ial period financial statemenis 1% hich gli ¢ a irue and fair vieii of ihe Charili s financial activities duringi the period and of ils liiiancial position ai ihe period end. In prepariiig il)e financidl statetnonts the Trustees are required io: Seleci suitable aLcoiintin? policies aiid appli. Ihem consisienilv. Obsern'e the meihods and principles itl th¢ Charities SORP: Make judgFCtnents and estiinares ihai are reasonable and prudent- Stale 1% heiher applicable accoviitino standards hai"e been folloii'ed. subject to any material departlires dis¢los¢d and eiplained itk the tinancial siat¢m¢nis: and Prcpare (he financial siaiemenis ih¢ going concern basis unless li is inappropriat¢ to pre5UmC that this basis applies. The Trusiees are responsible for ensuring proper accounting records are kept which disclose. Il'ith reasonable acLurac!' at an!. titne. the finaiicial p)silion ofihe Charit%. and enable them lo ensur¢ ihai the tinancial siatements compl! ii'ith Ihe Ttusi Deeds and the disclosure re"ula(ions. ThcN are also responsible for safeguardin¥ the assets of ihc Cl)arin' and hence for iaking reasonable steps for tlie p venlion and detection of error, fraud aiid i)Iher irregularities. Appro¥'ed b). the Board of Trustccs on L6 Aar 202? and sign¢d on its behalf by= Sister F.lizabeth Roche (Trusleel Sisler Marv Ellen O'Brie ITru%ieel
SISTERS OF CHARITY OF JESUS AND MARY ANGLO IRISH PROVINCE REFERECE AND ADNIINISTRATION DF.T.41LS FOR THF. YE.4R EN'DED 31 ALIGLST 2021 REFERENCE .4ND ADI¥IINISTIL4TIV£ DETAILS Full Name: The British Isles Province of the Congreoation of Sisters of Charity of J¢sus and Mary Proi'incial House 108 Spring Road Letchiiorth Garden Ci Hertfordshirc SG6 3SL Address: Charity Number: 2)1262 Governing Instruent. Trust Deed dai¢d 18 January 1967 Object: For such chariiable purposes iihich adi ance the relioious and oiher charl1ble purp05e5 for ihe lime being carried on b!. or under ihe direction ofthe Con¥Tr¢ga¢ion. Provincial Le#der: Sister Elizabeth R(xhe Trustees: Sister MaTh' Ellen O'Brien Sisier Joan Yaics (D¢c¢a5d 24 tk¢¢mber ?021) isier Philomena Enriglii Sister Patri¢ia Josephine Callaghan Sisier Deborah 11.'indlc Itkceased ?6 Ociober ?0? l ) Sisier Ann tk% ine Sister Eilc¢n O'connor Sister F_li7.abe(h R(Khe Burs#T: Mr. Alan King Solieitors: Pothecary Wiiham Weld 70 St. G¢orL)e s Square London SIVIV 3 AuditOT5: Haj'smacinty're LLP l O Queeii Sireei Place London EC4R I AG Inve5tmeni Adi'i.sers: Juliu5 Bar Inicrnaiional I St Martins Le Grand London EC I A 4AS HSBC Prii'al¢ Bank Cork Sireei MaN lair London ,15 3LJ 19
SISTERS OF CHARITY OF JESUS AND MARY A'GLo IRISH PRovI,cE REFF.RENCE AND.4DIIINISTRATION DETAILS FOR THF. YEAR EN'DED 31 AUGUST 2021 REFERENCE AIlD.4Dl1ThL 15TR.4TIVE DETAILS (eontinuedl Nam Charitv Correspondent: Mr. D J Clark I si Floor. ChurLh House 61 College Road Bromle! BRI 3QG P4amed Trusttt JTr'ith Ch#ritTr Commission: Sister Joan Yales (Deceased ?4 December 20?1) Poii'ers of Ini'estment: Monies mai. be ini'ested in ini'estments auihoriscd bi, laii, for the iniestm¢ni ofirusi funds: thai is. the prok'isions ol- the Trusiee Aci ?000 applies. Funds receii'ed as a donation may. be invested in any ¢slm¢niS auihorised b). the donor. 20
Independenl auditor'5 rcport io the trStee5 of Sisters of Chariti- of Jesu5 and Man* Anglo-lrish Province Opinion We hai'e audiied the financial slalements ol. Sisters of Charits. ofjesus and MaTh'. AnLJlo-Irish Proi ince for (he vedl ended 31 AuL)ust ?O?l iiliich compris¢ tlie Statement of Financtal Actii'ities. the Balance Sheet. the Statement of Cash Flo5 and ihe laied n()ies in ihe financial siaieinenis. includii)g a summary, of- sioiiiticani aecouniing policies. The linancial reportinLJ Iratneii'ork ihai hds been applied in iheir preparation is applicable la and United Kingdom Accountino Standards. includin2 Financial Reportino Staiidard l O? The Financial RepvrliFig .Siciii(Icinl ai)plic'ahle iii ilw OA aiid Rt'public of Irelaiid (UniEed Kingdoin GenerallN' Accepted Accountin4F Practice). In our opinion. the financial statements= gil'e a Irue and fair i ieii. ot-the state of the charity s affairs as at 31 August ?0? l and of the charil}' s nel InoN'cJncnl in fiinds Ic)I Ihe l'ear ihen ended- have beetk properl). prepad in aecordance ,11 Uniied Kingdom Generalls, Accepted Accounting Practic¢: and have been prepared in accordance '1th the requircm¢nts of ihe Charities A¢1 2011. Basis for opinion We have been appointed as auditor under section 144 ofthe C hariiies Aci ?01 l aiid repon in accordaiice i4'ith the Aci and relei'ant regulations made or hal.ing cffee¢ ihereurtder. Il-e conducied otjr audit in accordance Wilh International Standards on AuditinL (L'K} (ISA5 ILIK)) and appli¢able lali. Our respoi)sibiliiies uiidcr tliose giandards are further described in the Aiiditor s resw)nsibililies for the audit of th¢ finatkcial staiemenis section ot our repon. Ive are iiidependent of the chariti. in accordance il'iih Ihe eihical requirements that are relevant to our audii of the financial siatemenis in ihe L..K. includin£ ihe FRC"s Ethical Siandard. and we have fulfilled our other ethical responsibiliiies in accordance li iih tl)ese requirements. Ille beliei'e that the audit evidence M'e have obtained is su1¢hent and appropriate lo pro%'id¢ a basis for our opinion. Conclusions relaiing to going eoneern In auditing the titlancial statetn¢nts. li'e hxi'e concluded ihai the irustees. use of the going concern basis of accounting in the PParation of the financial siai¢m¢nis is appropriaie. Bas¢d on the isork i%¢ hai'¢ perfornied. i%e hai'e not identified an). Inaterial uncertaintics r¢laiing to evenis or conditions that, indii'idLiall!' or colleciiiel}'. mai. casl significant doubt on the Charit) s abilit). to continue as a going concern for a period of ai least ii%elve monihs from lihen the financial siaiemenis are authorised for issue. Our responsibilities and the responsibililies of the irusiees ii'iih respeci io going concern are described in the relei'ant seciions of this repon. Other informstion The trustee4 are r¢_sponsible forthe other infom)aiion. The oiher inforniaiion comprises ilie infonnation included in the Trusrees Report. Our opinion on th¢ financial stalements does noi col'er ihe other inforniation and. except to ilie extent otheN'ise explicit1 siaied in our report. we do not express an), forn) of assurance Conclusion thereon. In coiineciion with our aLidil ofihe financial slalements. our responsibility. is to read Ihe otlier information and, in doing so. consider .hether the oihcr information is ma¢eriall J. in¢onsisient ¥¥ ith ihe fiiiancial statemeiits or our knoiiledgie ob(ained in ihe audit or oilieni'ise appears io be Inaieriall). Inisstated. If 1C idcntifN' SULh mal¢rial inconsistencies or apparent material misstaietnenls. %%e are requId io d¢i¢m)ine i¥hetlier there is a material missiatement in the financial statements or a material misstatcmcni of tl)e oiher irtforniaiion. If, based on the vork e have perfoni)ed. lie conclude thai ihere is a maierial Inisstatement of this other information. t are required to report that fact. We haN'e nothing to report in this regard.
Independent auditor's report to ihe trustee5 of Sisiers of Chariry oCJesus and Man'* An¥l1r15h Proi'in¢e Matters on M'hieh M'e are required io report b!. exception We have nothingy 10 report in respect of Ihe lolloii ing matters in relalion 10 ii.hich ihe Charities (Accounts and Repnrts) Reiyulaiioiis ?005 require lis 10 report 10 I'ou if. itt our opinion: adequat¢ accountinLJ r¢cords hai'¢ not been kcpi bi lh¢ ¢harity" or suffilienl aiid proper accounling records hai'e not bccn kept: or the charit!. financial stat¢inenis are not in a2rc¢menl ith the accounting records and tM$. or 'e have noi receii ed all ihe infomiaiion and explanations li'e require for our audit. Responsibilities oftrustees fvT thv financial statements As eiplaiiied 11)ore liill} in (he irusi¢es resPOll5ibiliiies siairment sei oui on (paqe 18) trust¢¢s SPOnsible for th¢ pr¢paration ol-the financial statcmenis and for being satisfied ihai ihes, gil'e a true and fair triei¥. and for such iniernal coiiirol as the trust¢¢s deiemiine is necessaTh to enable ihe pparatIOn of financial statements that are free from Iiiaterial misstai¢meni. ii'liether due to fraud or etror. In preparing ihe financial sla¢¢tn¢nis. Ihe irusiees arc rcsponsibl¢ for assessino the charits. s ability to ¢oniinue as a uoin¥ c()n¢ern. disclosino. as applicablL'. matlers relaied io Ljoiii? coiiceni aiid USillgT ihe goiiig concern basis of accouiitingT unl¢ss th¢ trusiees eirher intcnd to liquidate ihe charits or to ceaie operaiions, or have no realisti¢ alternative but to do so. Auditor's responsibilities for the audit of the financi21 stgtements Our objcctii'cs arc to obtain reasonable assurance about ii"heiher ihe financial stateiiients as a whole are tree trom material miiStalL'tn¢ni. wheiher diie io traud or error. and io issue ai) auditor's report that inclLides our opinion. Reasonabl¢ assurance is a hioh leiel of assurdnce. bui is not a giiarantee that an audii condiicied in ac¢ordance i%'ith ISAS {UK) ii'ill alwa)'s deieci a material misstatenieni ii'h¢n it exists. Misstateinents can arise froin traud or error and are considered Inaierial it-. indii iduall! or ii) Ilie aooreoate. the)" ci)uld reasoi)ably be expcct¢d tu inl]uence ihe economic d¢cisions of users taken on tlic basis of th¢s¢ financial statements. Irreglilarities, including fraud. are insiaiices of noii-COtnplian¢e i¥ iih lai%'s and reoulations. 11.'e design procedures in line ith our responsibilitics, outlined aboi'e. lo detect malerial tnisstatcn)ents In respect of irreglilarities, including tralid. The exteni io li hich our procedures are capable of deteciing irregularities. iiicludiiig fraud is detailed below: Based on our understanding of ihe charity and the eni'ironmeni in ivhi¢h it operdtes. we identified that the principal risks of non-eompli4lnce iih la15 and regulations relaied 10 safeLJuardinil regulari01is. care qualit commission compliance. emplo)'tncni laii. and t&i¢s and Charits. lai%". and considered the extent to which non-compliance Ini(yhi have a niaterial etTeci on ille financial statenients. We also considered ihose lai¥s and regulations that hai'c a direct impact on the preparalion of ihe financial slalements such as the Charities Act 201 l and the Charities SORP. We evaluated managy¢m¢nl'"s in¢¢niives and opportunities for frauduleni manipulation of the Éinancial siatemenis (including the risk of Oi,eide of cc)nirol%} and deieniiiiied ihar the principal risks %ver¢ r¢lat¢d to recogynilion of incoine. Aiidit procedures perlor¥n¢d bl th¢ enLJdiJ¢meni ieain iiicluded= Insp¢¢ling minutes of Trustees, meeiin?s: Inspecting ¢orr¢stx)ndence ii'iili regulators and t&N auihorilies. Revie1 iiig tl)e latest Care QualitK. Commission (CQC) reports: Discussions iiith Inanagemeni including eonsideralion of knoiyn or suspeeted insiances of non-compliance %'ith laiis and reolilation and fraud: Ei'alualing managJ¢meni s ¢onirols desioned to prcicnl and d¢ie¢l irregularities: Revie1% ing valuations of ini'estinents: aiid Challenging assumptions and judgewncnts made b%. manaeement in their critical a¢¢ounting estimates. These relaied io estimaiiiig thc Cconotnic u5¢ful life of iangible fixed assets. 22
Independent auditor's report to ibe trustees of Sisters of Charit). ofJesus and Mar)? Anglo-Irish Proi'inee A further des¢ription of our responsibilities for the audit of the financial statements is located on the Fin#n¢i21 Reporting Council's iiebsite ai-. IviviN..frc.or .uLlaudiiorsr¢s nsibililies. This description fomis pan of our audiior's report. Use of nur report This report is Inade solely to ihe charilv s irnstee£. as a bodv. in accordance 1[]] section 144 of the Charities Act 2011 and rcgulatiuns made under sectioii l i4 of Ihal Act. Our audit ii'orL ha5 b¢en undertaken so tl)al lie might stale to the charity s Irusiees Ihose mauers il'e are required to state lo them in an Auditorfs report and for no other purpose. To the fullest eiienl pem)Illed bi. laii.. ii"e do not accept or assume resPOI)sibilit!' to anyone othcr rlian tlic cliarits s Iru5t¢Cs as a bodi. for our audit iN"Otk., for this report, or for ihe opinions havc forn)ed. LV Havsmgcintyre LLP Statutory Audilors Date.. l O Queen Street Place London EC4R IAG 24 lune 2022 HaysmacinIy l.LP is eligible ID act as an audiior in ternis of section 1212 of the CoTnpanies Act ?006 23
SISTERS OF CHARITY OF JESLIS AND MARY ANGLO-IRISH PROVINCE STATEMEYT OF FIP4ANCIAL ACTIVITIES FOR THE YEAR ETr*DED 31 AUGUST 2021 Total ?021 Tol#l 9020 Note5 INcOlF. from Grants. Donations and legacies 401.125 337,099 Charitable activities Care Home R¢sidents' fees 871.983 1.134,130 Other tradin¥F aciivilies Rents receivable frotn Charithble-use prop¢rties tempordrily surplus io operaiional r¢quir¢m¢nts 10.800 10.800 Inv¢stm¢nts 439.i28 545,982 Total Income 1.72i,236 2,028,011 EXPED1TuRE on Cosi ot. raising funds Investment Manaoement fees 127.515 124.886 Charitable activities - Care Home - Support of members ofihe Congregation and th¢ir rninistr%' Grants paid l.i47.459 406.625 444,713 1.437,834 378.630 501.887 2.198,797 2.318.i51 Total expenditure 2.J26.312 2,443,237 ¢t lexpenditure) before gaiN51(105ses) on i£s1ClS {60i,076) 1415,2261 Other recogTbiscII EJinS a(1 Itsss Nei gains.IIoss¢51 on ini'e5tments 2.27i.942 1368.8981 Net incOt/(CxPed7lreI #nd Mei Mo¢m¢t in funds for the l'ear 1,670.866 1784,1241 Fund balances broughi fonyard ai beginning ofyear 26.218,979 27,003.103 Total fund5 ¢#rried forn'ard ai end of year £27.889,845 £26,218,979 There were no disconiinued operaiions or acquired op¢ration% durints the current or ihe preceding year. There are no gains or105se5 Other than those shown above. 24
SISTF.RS OF CHARITY OF JESUS.4ND l.4Ry ANGLO-IRISH PROVINCE BALANCE SHEET AS AT31 AUGUST 2021 21121 2020 Nole5 FIXED ASSETS 3.452.109 3.552,422 INVESTMENTS 13 21.7)8.691 19,586,964 25.190.800 23,139.386 CURRENT ASSETS Debtors Short-t¢mi d¢posits Cash at bank and in haThd 14 140.672 1.4i5.8i I 1.504.?4? lii,i62 1,001.043 2.47i.i32 3,080.745 3.607,737 CREDITORS= Atnounts falling due within one }'ear 15 (118.0141 {264.4581 NF.T CURRF.NT ASSF.TS 2.962,7) I i.i4i.279 TOTAL ASSETS LESS CURREP4T LIABILITIES 28.15i.531 26,482.665 CREDITORS= atllount5 falling due after more than one )'ear 16 1263.6861 1263.6861 NET ASSETS £27.889,845 £26.218,979 FUNDS General Designated Reliremeni Fund Fixed Assets 3.437,736 1.666.557 17 21,000.IKK) 3.452.109 21.000.000 J,i52.422 24.452,109 24.552.422 TOTAL FUNDS 18 £?7.889.845 £26.218.979 Approved by the Trusiees on Ib & 4prd?022 and sitsned &% authorÉsed on their b¢half by- Sisier Elizabeth Roche 25
SISTERS UF CHARITY OF JESUS AND MARY ANGLO-IRISH PROVINCE CASH FLOW STATEMENT FOR THE YEAR ENDED31 ALGLST2021 2021 2020 Noie5 Cash flom's from Oper8ting Actii ities Nei Cash ou(floM' froin OPLrniinv aciiyiiies 11,095,845) {983,4381 Cash (IoM5 frotN inTr'e5ting actii'itie5 Dividends and inieresi from invesiments PaN'ments to acquire ini'esimenis Receipts from sales of investment5 4i9,)28 17.75i,1941 7,875.409 545.982 (6.8 j9,?00} 7.024,798 Net cash provided by ini'e5tiNg actih'itie5 561.543 731.580 Change in cash and cash equi%'altnts in l'ear (534J02} {2S1,8>8} Cash and cash equival¢nis ai I Scpi¢mb¢r ?020 3,474.375 3,726.233 Cash and cash equivalenis ai 31 Augusi 2021 £2,940.073 £3,474.375 Notes to the Cash Flow. St2terneNI A. Rteonehlijtion of nei moi'ement in funds io net eagh flow from opergting aetiiities 2021 2020 Net movement in fund5 las per the Statement of Financial Arlii'ities) 1,670.866 1784.1241 Adjustments for (Gainsll losses on Ines[MentS DiTr idend5 and interest from snvestments Depreciaiion Ilncreasel In debiors (Decrease) in credirors {2.?7j.9421 1439.3281 100.J13 17.i101 {146,4441 368.898 1545.9821 120.4741 Net cash (used in) operating actii'itits {1.095,8451 {983,4381 B. Analvsts of ¢Ash and c8sh equi>8lents Cash at bank and in hand Short-term deposits 1.504.242 1.4i5.8il 2.473.3i2 1,001.043 Total cash and cash equivalents £2,940.073 £3,474J75 C. Analysis of ch#oges in net c4$h funds At I Seplember 2U20 AI 31Augllst 21J21 Cashnows Cash at batlk and in hand 3.474.375 15i4.3021 2.940,073 Toial cash and cash equivalen £3,474J75 £1534,3021 £2.940,073 26
SISTERS OF CHARITY OF JESUS AND MARY ANGLO-IRISH PROVINCE NOTES TO THE FINANCIAL STATEMENTS FOR THE YFAR ENDED31 AUGLST2021 The principal accounting policies ddopied. judoemenis and ke). y>urces of e5timalion uncenainty in the preparation olthe accounts are laid ollt belo. Statemcnt of complianee The tinancial staiemen15 have been prepared in accor(lance i%'ith A¢¢ouniing and Reporting b>. Charities.. Siarcmcni of Recommended Praciice ISORP 20191 IS¢cond Edition, effeaiN'e l Januar%. 20191 appli¢abl¢ to charities preparing accounts in accordance with the Financial Reporting Srandard applicable in the UK and Republic of Ireland {FRSI 021 and th¢ Charities Act 201 The charity Jt)eet5 th¢ d¢finiiion of a public benefit evt511' under FRS102. Assets and liabilities are initially r¢¢oonised ai historical c05t or trdnsaciion valu¢ unl¢55 oiher%i i5e Stated in the rele¥ani accounrino
polic%. nottls). The accounis are presented in steiling and are row)ded to the nearest pound. Critical Accounting estisnate5 and art#s of judgement Preparation of the a¢¢ounts requirLs the TTU51ee5 10 mak¢ 51ginifiianijudeMents and estimat¢5. Th¢ it¢m5 in the accounts where Ihese judgements and estimates have been made include.. esiimaiing the economic us¢ful life of ian?ible fixed aSSs. Asse55ment of goillg concer The Trustees have considered the ongoing consequences of the Covid19 pandemic and uncertainty as to M'heTt life will return to nornial M'hen assessing lis cutTent resources and the ability io meet lis liabiliiies. The Trustees have ossessed whether Ihe use of ihe going con¢eTn assumpiion is appropriaie in preparing These accounts. The Trustees have made this &ssessment in respeci of a period of one }'e3r from the date of approval of ihese accounis. The Trustees of the charit). have toncluded ihai ihere are no niaterial uTrcenainiies related to evenis or condiiions thai may casi si?nificant doubl on the abilits. of the eharil). io conitnue as a goine concern. The Trustees are of ihe opinion ihai Ihe charitN' will have suffi¢i¢ni r¢sour¢is io meet its liabililie5 as thei fall due. The most significant areas of jud¥erneni ihai a£¢( iiems in Ihe accounis are deiailed abov¢. W'iih r¢tsard io ihe neil accountin? pcriod. th¢ J¢ar ¢ndinu i l Auuusi 2022. the most sionifican( areas Ihat affeci ihe caTr)'ing valu¢ of the asseis held by ihe chariiN' are lh¢ Icvel of in%'¢slm¢nl T¢lum and the perfomianee of the Iestmen1 maTk¢is l%¢ ihe investment polscy and the risk manaocment s¢ciions of lh¢ Trust¢¢s' Report for more inforniation}. While the impact of ihe Covid.19 pandemic affecied ihe capita5 Naluc of The iniiestmeni ponfolios durino (he 2020 calendar year. at the time Lif ii'riting ihis repon values hal'e broadl%" iecol'ered io ihe pre-pandemic levels. IncoTn¢ i¥as adversel impa¢ted in the }'ear under revie. and the iTrcome reium expe¢iaiions are slighil). loH'er (yoing forn4.ard M'hen compared io reeeni years. 27
SISTERS OF CHARITY OF JESL.S AIYD MARV ANGLO-IRISH PROVlTr*CE NOTES TO THE FINANC.IAL STATEMENTS FOR THE I'EAR ENDED 31 AUGUST 2021 Income recognitio Incorne is rccoi7nis¢d w,hen the charity. ha5 entitlem¢n( ro th¢ funds. anv perfonnance conditions attached io rhe itemls) of income have been mei, it is probable thai the income ii'ill be received ond the amoun( can be measured r¢liably. For legacies. entiil¢m¢nL is taken as the earlier of th¢ date on w'hich eiiher.. Ihe charity, is aware that probate has been granted. Ihe esiaie has b¢¢n finalis¢d and noiification has b¢¢n Iad¢ b!. the eiecu¢orfs} to ihe Trusi ihat a distribution ivill be mad¢, or i%'hcn a distribution is rec¢iv¢d from the esiaie. Receipt of a leLaci'. in Mhol¢ or in pan. is onlK' considered prob(tbl¥ when Ihe ajnount can be measured reliabli and the chariTh has been noiified of the ekecuior s iniention 10 niake a disiribuiion. Where leoacies ha%'e been noiified io ihe chariTh'. or the charits. is am'are of ihe graniing of probaie. apd the crii¢ria for incotne recounilion have not been Inel then Lhe levac). 15 a ireaied as a contin¥Jeni ass¢1 aiid disclosed if malerial. Income received in advan0¢ of the provision of care services is d¢f¢rrcd uniil the criteria for income recogniiion ar¢ ni¢1. In accordance wilh Ih¢ ChariLies SORP FRS102. Trolunic¢r lim¢ is noi recognised. Dividends are recognised onc¢ the dividend has been declared and notification has been received of the dividend due. Inierest on funds h¢ld on depos11 15 included iih¢n r¢¢eivable and the atnou¥Lt Can be measured r¢liably by ihe charitv., this is noTmall) upon notificlition of ihe ini¢r¢s1 paid or paN"able bi. Ihe bank. Coronavirus Job Retenlion Scheme ICJRS) Income Gtsvemmeni grani income paid under the CJRS has been recognised in ihe Siatemeni of Financial Aciivities in the period to which the und¢rlying furloughed 51aff costs relat¢ IO_ Expenditure recognition and irrecoverable V AT Expendirure is recognised once there is a legal or construciive obli(vation to make a paymeni io a ihird pans,, it is probable that settlement will be required and the amouni of ihe obligation can be measured reliably. Expendiiure is classified under the follow ino activi headin¥5-. C05t$ of rabsing funds comprise f¢¢5 paid in respect or rund manageinenr advic¢ in T¢lation to the charity's ponfolios ol-quoted inve51ments, ii'hich are mana2ed under discrctionar%' Tnanauemeni aureemenis. Expenditure ort charitable aciiiities include5 the cosis of running the charity's Care Home in Ansdell and of ils canvents as well a5 all other cos15 assvLiaied M iih funli¢riJig Lhe chariLable purposes of the Chariiy ihrough th¢ provision of ils charitable ac¢iviiies. These costs include ehaiiiable ?ranis and donarions. dirccr and support COSts in respect (o (he support of members of th¢ Conuieuaiion and iheir minisiry. li also includ¢s &Jovemanc¢ costs. Chariiable grants and donations are made uhere ihe Trusiees consider there 15 real need follo.in a review of the details of each particular case and comprise single N'ear pal tnenis taiher ihan mulii-}'ear grants. Grants and donation5 are included in the statement ol- financial aciiviiies wh¢n approved for pal'ment. Provision is mad¢ for grants and donations approved but unpaid at the period end. Irrecoverable VA T is charged as a cosi against Ihe acliviiy for ivhich ihe exp¢ndiiure a5 incurred. 28
SISTERS OF CHARITY OF JESUS AND MARY ANGLO-IRISH PRON'INCE NOTES TO THF. FINAN'CIAL STATEMENTS (continued> FOR THE YEAR ENDED31 AL'GL'ST2021 Allocation of support and goi'ernance costs guppon costs represenr indirecr charitable expendiwre. In order io cary oui the primary purposes of ihe chariti, it is necessary io provide suppon in the fomi of personnel developmenL financial procedures. provision of office services and equipment and a 5uilable Morktng enl'ironmtnt. Tangible fixed assets As at 31 August 1996 the Tru5tee5 estimated the current value of fixed assets required to be shown in the balance sheet. Subsequent acquisiiions or improvemenis of £2.500 or more are capiialised ai cosi and are depreciaied over their estimated useful economii lives on a siraighi-line b1$ as follows.. ere no foTmal analysis is available. 11 is UMed ihai the cosi Jvaluaiion of frtthold propenies derive eoually from the land and the buildinu5. Annual rate Freehold land Freehold buildings Fixiure5. furniture and equipment Moior v¢hi¢l¢s 5 /0 10 20Yo 25/ Financia5 Instruments The charity only holds financial ass¢(s and financial liabiliii¢s of a kind ihai qualify a5 basic finaiicial in51rument5. Basi financial instruments are initiall), re¢ogn¥sed ai uan5aciion value and subsequ¢nilv m¢asur¢d a¢ iheir s¢lllement valu¢. Inve5trnen15 Invesiments held for the lono_tern) io enerate income or capiial growth are carried at fair value as fixed assets. R¢alised gain5 ar¢ the difleiellce b¢lii¢en 5a1¢5 proceed5 and the cattl'inu value of the invesltnent. The catryin<J value is the fair value ai Ihe beginning of the Jear or ihe purchase cosi M'here rhe invesin)eni i¥as 3¢quired during the sear. Unrealised uains are Ihe chanue in %alue of invesmtenis after iakinu into arcoullr any movemenis in investment holdings sucli as purchases and disposals of inv¢siinenis. Realised and unr¢ali5ed gains are accounted for within the Statement of Financial Activities. Dtbtors Trade and oiher debtors are recognised ar ihe settlement amouni due. Prepa)'ments are valued at th¢ amount prepaid. Cash ai bank and in hand Cash at bank and hand includes cash and short-ierni highly liquid inve5mhen15 Wlth a Short Tnaiuriry of Ihree tnonth5 or less from the date of acquisition or opening of the deposit or similar account. Deposits for more ihan ihree monihs and up io one year have been disclosed as shon-¢ern) deposiis. Cash pla¢ed on deposit for more than one year is disclosed as a rixed ass¢t inv¢stm¢nt. Services proTrided bv member5 of ihe Congrtgaiion For th¢ purpo5¢s ol th¢5¢ accounts. no valuc has bc¢n plac¢d on admini51taiive and oiher servic¢s provided by ihe members of the Congregation. 29
SISTERS OF CHAKITY OF JESUS AND MARY ANGLO-IRISH PROVINCE NOTES TO THE FINANCIAL STATEI¥IENTS {conlinuedl FOR THE YEAR ENDED31 AUC.bST2021 Creditors and proTr'isions Creditors aiid PTovisions are recogni%d i*hei¢ ihe chariTh has a preseni oblioation TCSultino from a past ei'eni thai ivill probabl!, resuli in Ihe rransfer of funds to a Ihird parti. and ihe amouni due io settle ihe obligaiion can be nieasured OT esiimaied reliablv. Crediiors and provi5ion% are norniall%' recoonised ai iheir selllemeni amouni after allowin&i for anN' trade discounts due. Foreign currencies Asseis and liabilities in foreign cenCieS are trdnslated inio sierling ai the raies of exchange ruling at the bdlance sheei date. Trdn5a¢iion5 in foreitsn currencies are mnslared inio sierlinu ai the Ale of e.Kchan¥e ruling at the date ol. the transaction. E.Kchange differences ar¢ iakcn into account in aTriving at the nei mowement in funds. Funds General funds comprise ihe accumulaied surplus or d¢ficii from ihe Siaternentof Financial Aciiviiies %hiCh is not resirieied or designated funds. The} are available for use at the discretion of the Trusiees in funherdnee of rhe general objectives of Ihe chariiy. Designated ndS comprise funds thai have been sei aside ai ihe discretion of the Tslee$ for specific purposes. The purpose and use of ihe designaled unrestricted funds are set out in the noies io ihe accounts_ Re51ricied income funds comprise unexpended balances of donations and grdnts held in trusi io be applied for sp¢cifi purposes. Emplo)'ee benefils Emplo}'men¢ b¢n¢fits. including holiday pay. are reco?nis¢d in th¢ period in h1¢h thev are earned. Temiination benefits are recognised in the period in which th¢ decision is made and Communicaied io th¢ r¢l¢vant ernployed51. Pension contributions Coniribllrions in respeei of the charit! s defined contribution pension s¢heTne are charged io the siaiemeni of finanLial activities w'hen they are pai'able io ihe schejne. The charir% s coniribuiions lire restricted to ihe coniributions disclosed in note 8. There were no ouisLqndino coniribuiions ai the Near end. The ¢harity has no liability beyond making it5 eoniribuiions and pa)'ing across Ihe deduciions for th¢ ¢mplo)'ees Lonrribuiions. 30
SISTERS OF CHARITY OF JESUS AD lARy ANGLO-IRISH PROVINCE NOTES TO THE F1Tr4ANCIAL sTATEIENTs l¢onlinued) FOR THE YEAR ENDED 31 AUGUST 2021 GRAYTS, DOTriATIONS AP4D LEGACIES 2021 2020 Sisters, salaries and pensions Coronavirus Job Retention Scheme Granis Other donaiions 294.294 290.7?8 10.084 29.802 6.485 98,428 8,403 £401.125 £337.099 INVESTIMENT INCOIIE 2U21 2020 Incotne from lisied ini'esiments Bank interest 4)7,549 1,779 525.124 20.858 £439.i28 £545,982 EXPENDITURE ON CHARITABLE ACTIVITIES CARF MOME 2021 2020 Staff c051$ Direct rosts Premises costs Depreciaiion Adminisirdtion and oth¢r cosis 857.650 83.587 14i.270 60,824 7 j.545 907.958 91,480 192.820 62.878 81.099 1.248.876 1.336.265 Gov¢mance and suppon costs 98.583 101.569 £1.347.459 £1.4J7.8i4
SISTERS OF CHARITY OF JESLS AD MARY ANGLO-IRISH PROVINCE NOTES TO THE FIP4AryCIAL ST.4TEMENTS leontinued) FOR THE YEAR EN4DED31 AUGUST 2021 EXPFNDITLRF_ ON CH.4RITABLE.4CTII'ITIES SUPPORT OF,ME.11BERS OFTHE COINGREGATION AND THEIR MINISTRY 2021 2020 Sisiers, living &. personal expenses Premises costs Depreciaiion Adminisiration and other costs 198,020 97.258 i9.489 163.339 89.901 48,657 15,792 347,475 317.689 Govcrnancc and Support cos 59.150 60.941 £406.625 £i78.630 EXPENDITURE ON CHARITABLE ACTIVITIES GR.4NTS PAID 2021 202U Grants paid to ol'erkas brnnehes of the Congregation Ireland Support ofsisier5 and Ih¢ir tnivi51ri¢5 Ireland - Cotnmunit% 511PPOrt Support for Generalate mi5SlOnS 361,128 79.131 21,000 7i.142 21.000 405,280 461,259 Governance and suppon costs i9.433 40,628 £444.713 £501.887 32
SISTERS OF CHARITY OF JESUS AND TrIARY ANGLO-IRISH PROVINCE NOTES TO THE FINANCI.4L STATEMENTS {Continuedl FOKTHE YEAR ENDFDJI AUGVST2021 GOVERNAliCE AND SL'PPORT COSTS 2021 2020 Support Costs StatTcosis Professional feLs Premises and insurance Adrnini5traiion and oih¢r cosis 87.718 7.675 46.734 34.027 6.883 44.857 176.754 182,158 Goi ern#n¢e ¢vsts Professional fees 20.412 20.980 £197.166 £203,li8 Allocated as follows= Care Home Suppon ot m¢mb¢rs of the Congregation and their ministry Grant5 paid 98,583 59,150 i9.43i 101,569 60.941 40.628 £197.166 £20),138 NET INCOMEIEXPENDITURE FOR THE YEAR 2091 2020 This is stated after Charging: Investment management lees Depreciation Auditors. remllneratiun Audit tees {including V AT) Oiher 127.515 100.i13 124.886 15,600 14.8)2 33
SISTERS OF CHARITY OF JESUS AND MARY ANGLO-IRISH PROVINCE NOTES TO THE FIANCIAL sT.4TF.mF.'Ts (Continued) FOR THE YEAR ENDED 31 AUGUST 2021 STAFF COSTS A'D TRUSTEES REMLNERATIOI* 2021 2020 SiatTc05t5 during ihe )'¢ar w¢r¢ as follows= Wages and salaries Soeial securiiy cosis Other pension costs 892.928 65.i97 17.043 914.564 62.577 15,950 £975,i68 £993,OY I 2021 2020 The number of employees 'hOSe emoluments exceeded £60.000 iwere: £60.001- £70,000 The key managemeni personnel of th¢ Charity comprise ihe misiees {'bO r¢¢eive no forn) of remuneraiionl and thc senior manai)emeni ieam. The ioial amouni of emplo)'ee benefiis (including etnplo}rei pension coniributions and emplo}er National Insuranee contriburions) receti'ed bi. kei. mana(temeni personnel for iheir services to the ehariiy was £131.63312020.. £120.4i7). The two mosi s¢nior etnplo)'ees. who are considered to be members of ihe key managemeni p¢rsonnel. were paid in agoregaie £113.247 120?0.. £107.1761 and ihe emplo%'er Naiiopal Insuranc¢ ¢ost were £13.63412020.. £12.4161 with employer s pension coniriburions amounting to £4.7521?020- £J,179). STAFF NUMBERS Av¢rag¢ statTnumbers in ihe year were= 2021 2020 Car¢ Hoine Administration 48 50 53 34
SISTERS OF CHARITY OF JFSiiS AND %IARY ANGLO-SRISH PROVINICE NOTES TO THE FIlANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED31 AUGUST 2021 10. TRUSTEES, EXPENSES AND REMLNERATIOY AND TRA%SACTIOTryS WITH THE TRUSTEES The Trusiees ot'ihe Chariiv are also members of the Conureoalion and as such hav¢ takcn vows of poverti under which thev have renounced all personal rights to income and capiial. The Charitx, pro%'id¢s for the ¢55¢ntial ne¢d5 of all members of the Con?regation within the Province_ The living costs of the Trugiee5 are therefore borne b}. Ihe Chariry. TAXATION The Sisters of Charl. of Jesus and Mar). Anolfrlrish Province is a re(tistered charity. and therefore is not liable to Incom¢ Tai or Capital Gains Tax on incoin¢ or 1$ derived from lis charitable activities as li falls wlth ih¢ various exemptions available io regisrered charities. 12. TANGIBLE FIXED ASSETS Frcehold land and buildings Fixtures. Furniturt and equipmeni Motor Vehicle5 Total COST OR TRUSTEES. VALUATION Ai 1st S¢pi¢mb¢r 2020 And at 3 1 August 2021 4.647.774 392,197 135.453 5.175,424 DEPRECIATION At I September 2020 Charge for year 1277.619 70.450 228,639 17,628 116.744 12.2)5 1,623,002 100.313 At i l August 20?] l.i48.069 246.267 128.979 .72i.315 NET BOOK VALUE Ai 31 Auousi 20?] £3.299.705 £145.9iO £6.474 £3.452.109 Ai i l August 2020 £3.i70.155 £163.558 £18.709 £3.552.422 All properties are used foi direct charitable purposes.
51STERS OF CHARITY OF JESLS AND MARY ANGLO-IRISH PROVINCE NOTES TO THE FIN.4NCIAL STATEMENTS (Continued) FOR THE YEAR ENDED31 AUGUST21121 13. INVESTMEIYTS 2021 2020 At I Sepiember 2020 Addition5 Disposals ProLeeds Gains..'Ilossesl by r¢ference to opening i'alu¢ 19.586.964 7,753,194 20.141.460 6.839,200 (7.875.409) {7.024.7981 311.096 li72,544} Di5P05als lai opening mark-ei value) Unrea12sed gains I7.$. j131 1.962.840 (7.i97.342} i.646 At 31 August 2021 £21,7i8.691 £19.586,964 21121 2020 Listed on a UK stock exehange Eouities Fixed inieresi stocks 14,1 ?6.703 7,044.972 12.242.581 6.962,987 21,171.675 19.205,568 Portfolio bank deposiis 567.016 381,i96 £21.li8.691 £19.580.964 At cosi £18.Oi7.174 £17.645,274 14. DEBTORS 2021 2020 Trade debtors Prepayments and accrued income 63,991 76.681 40,839 £140.672 £lii,i62 36
SJSTERS OF CHARITY OF JESUS AND MARY ANGLO-IRISH PROVINCF NOTES TO THE FIYAIYCIAL ST.4TEMENTS (Continued> FOR THE YEAR EINDEDJI AUGUST2021 Is. CREDITORS: Amounts fg11ing due withirt one Year 2021 20?0 Trade crediiors Taxation and Social Se¢uriry Other erediiof5 and accrua15 Sums held for ihird parties 42.954 16.i52 58.708 150.140 16,595 69,160 28,563 £118.014 £264,458 15. CREDITORS: Amount5 falling due afier more ihan one )ear 2021 2020 Amouni due to the Generalaie of the Sisters of Chariry of Jesus and Mary. £26i.686 £263.686 16. DESIGNATED FUNDS The Trusiees have designated funds out of th¢ nStric1¢d fund5 for spccific purposes as follows-.- Retiremeni Fund A fund has been designaied in re5peci of the Charity's commiimeni io provide for the reiirement and care in old age and sickness of the Congregation s mernbers. A revie ofihe Congregation 5 tnembcrship has indieaied rhat a fund of some £21 m is required to finance full). the Charity. s commitmenL io provid¢ car¢ for lis members. aller takin? accouni of iheir occupational pension righis. The fund ivas rdiscd 10 this level b). the end of Augusi 2016. In the vear. expendiiure on investmeni managemeni fees and in support of elderlv sisters in England and Ireland amounied 10 £547k 12020". £566kl. whilst invesiment incorne amollnied 10 £438k 12020-. £.$25kl. an excess of expenditure over incoTne of some £109k. InN'¢stmenr oains i%ere £2,274k {2020". losse5 of £i69kl ¥ivinu rise to an increase in the fund ot £2.165k 12020." decrease - £4 IOk}. This Sum ilas released from 12020.. add¢d lol ilie dcsibjnatitsn. a5 the trustees decided (o maintain the balaii¢¢ ¢h¢ d¢signaied fund ai ihe tequired £2 Itn. Th¢ l¢v¢l ol'tht fund and the likely n¢¢ds of ihe membership will coniinLse io be moniiored. Fixed Assets Fund In order to fulfil its charitable objectives the Congregation needs a large number of propenies. These properties. alihouuh thev ar¢ unr¢siricied asseis cannoi be realised M'ithout underniinin(r th¢ ConUr¢allD,S work and ihe Trustees ihere10 feel thai 11 15 appropriaie io refleci the invesimeni in fixed ass¢is b%. means of a designaied fund. Transfers refleciino (he nei movement in fixed assets. Iver¢ rnade in ihe )'ear. 37
SISTERS OF CHARITY OF JESLS AND MARY ANGLO-IRISH PROVIIICE NOTES TO THE FINANCIAL STATEMENTS (CO(1ll£d) FOR THE YEAR £DED 31 AUGUST 2021 DESIGNATED FUNDS (continued) bl An#lysis of Mo%ements- current )'e*r Balante September Net ineome expenditure & gainsl{10sses) Balanee 31 August 2021 2020 Tran5fer5 Retirement Fund Fixed Assets Fund 21.000.(K)O j..$5?.422 2.164.7?4 {100.i131 (2.164,724) 21.000,000 3.452,109 £24.55?.422 £2.064.411 £(2.164.7?41 £24,452,109 bl Anal)'si5 of Mo%'emenls- prior >'ear R¢tir¢ment Fund Fi.¥ed Asseis Fund 21,(HJO.000 3,66i.957 (409.6831 409,683 21,000,000 3.552,422 £24.663.957 £1521.2181 £409.683 £24.552.422 18. ANALYSIS OF NET ASSETS BY FUND Ccneral Desi nat¢d Fund$ Total Fixed a55els Retiremeni Fund balances at i l August 2021 ar¢ r¢pr¢s¢ni¢d b}.: Tangible fixed assds Investments Curreni assets Current liabilities Creditors due afier one year 3.452.109 3.452.109 21,738,691 3.080.745 7)8.091 i.080.7J5 {118.014) 1?63.6861 21.000.000 {26i.6861 £i.437.736 £i.452.109 £21.000.000 £27.889,845 Prior Year GtNcral Fund Desi nated Fund5 Total Fixed assets Reliremeni Fund balances a¢ 31 Augusi 2020 aTe Tepresenied by.. Tangible fixed assets Invesimenis Cuent assets Cuent liabilities Cr¢ditors du¢ aft¢r on¢ y¢ar J,552.422 3.552,422 19.586.964 3.607.737 1264,4_$81 126i.6861 19.586.964 1,4 li.036 2.194.701 1?64.458} {26i,686) £1.666.557 £i,552.422 £21,000.000 £26,218,979
SISTFRS OF CHARITY OFJESUS AND MARY ANGLO-IRISH PROI'INCE NOTES TO THE FINANCIAL STATEMENTS (Conlinued} FOR THE YEAR EryDED31 AiiGUST 2021 19. RELATED PARTY TRANSACTIOPIS There were no related paTty I12ctIons in the >edr12020-. Nonel_ 20. CAPITAL COMMITMENTS 2021 2020 Fix¢d &sset additions authorised and contracted for £14.391 £14,391