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|Reference andAdministrativeDetailsof theCharity, its TrusteesandAdvisers|1|
|Trustees'Report||
|lndependentAuditors'Report|6-8|
|StatementofFinancialActivities||
|BalanceSheet|10|
|Statement ofCashFlows|11|
|Notesto the Financial Statements|12-23|
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5 July
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
||Note|2021
f|2021
e|2021t|2020t|
|INCOMEFROM;||||||
|Donations and legacies||3,241||3,241|496,302|
|Charitable activities:||||||
|Theological education||161,595||16'1,595|604,490|
|lnvestments|3||||17,880|
|Rents andvisitor income||10.s48||10,548|58,386|
|Other lncome-sale offixedassets|||||44,367|
|TOTALINCOME||175,384||175,3841,22',1,425||
|EXPENDITUREON:||||||
|Charitableactivities:||||||
|Teaching||81,557|-|8'1,557|283,826|
|Residential||88.223|||260.596|
|Premises
Transferto successor entity|18|123,989
2 799 093|_
123,989
324,0'133,123,106||414,114|
|TOTAL EXPENDITURE|5|3.092.862324.0133.416,875958.536||||
|NETINCOME / (EXPENDITURE) BEFORE||||||
|INVESTMENT GAINS||(2,917,478)|(324,013)|(3,241,491)|262,889|
|Netgains oninvestments|8|32,497|-|32.497|(53.730)|
|NET INCOME/ (EXPENDITURE)||(2,884,981)(324,013)(3,208,994)209,159||||
|RECONCILIATION OFFUT,IDS:||||||
|Totalfundsbroughtforward||2,884.98't324,0133.208,994|||2.999,835|
|TOTALFUNDSCARRIED FORWARD|||||___3208,994|
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||Nole|t|2021
€|t|2020|I|
|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||
|Tangibleassets|7|||||I,807,474|
|lnvestments|8|||||507.984|
|||||||2,315,458|
|CURRENTASSETS|||||||
|Debtors|9|||435.639|||
|Cash at bankandin hand||||521|760||
|||||957,399|||
|CREDITORS: amounts fallingduewilhin|||||||
|oneyear|10|||(63,863)|||
|NETCURRENT ASSETS||||||893,536|
|NETASSETS|||||3208,994||
|CHARITYFUNDS|||||||
|Restrictedfunds|11|||||324,O13|
|Unrestrictedfunds|11|||||2,884,9J1|
|TOTAL FUN9S||||||3.208.994|
|TheIlnancial statements were approved and authorisedforissue by the Trusteeson
||||!v|-(*lt1|2022|
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||Note|2021t|2020
t|
|---|---|---|---|
|Cashflowsfrom operatingactivities||||
|Netcash providedbyoperating activities|13|269.769|79|
|Cashflowsfrom investingactivities:||||
|Dividends, inlerest andrentsfrominvestments|||43,653|
|Purchase oftangible fixedassets|||(33,927)|
|Netcash used in investingactivities|||9,726|
|Change incashand cash equivalentsinthe year||269,769|9,805|
|Cashand cash equivalentsbroughtforward||521,760|511,955|
|Cashandcashequivalents transferredtosuccessorentity|'t4|__________f9l529__________l2L7o0||
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|Staff costs were asfollows|||
|---|---|---|
||2021
s|2020
t|
|Wages andsalaries|96,892|36'l,357|
|Social security costs|1,442|19,517|
|Otherpensioncosts|7,207|5,495|
|Redundancycosts|16,762||
|TheaveragenumberofpersonsemployedbytheCharity d|uring theyearwas asfollo|ws||
|---|---|---|---|
||2021|2020||
||No|No||
|Professorsfulltime|||7|
|TutorsParttime|1|1|0|
|Administration|4|||
|Other -catering, domestic,groundsetc|5||7|
|||_______________E_||
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|DONATIONS AND LEGACIES||||||
|---|---|---|---|---|---|
|||||2021t|2020
!|
|Legacies|||||350,000|
|Donations||||3,241|86,442|
|Furloughgrants|||||59,860|
|||||3247|496.302|
||||___|||
|INVESTMENTINCOME||||||
||Unrestricted|Restricted||Total|Tolal|
||funds||funds|funds|funds|
||2021t||2021I|2021
L|2020t|
|lnvestmentincome|||||__17.880|
|folal2020|12.001||
5.219|
17.880||
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|SUPPORT COSTS||||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||Teaching
e|Residential
E|||Premises
€|2021
€|2020r|
|Offlce|9,686||||4,151|13,837|38,903|
|Chapel|375||375|||1,12s|3,67'1|
|Professionalfeesandcharges|712||712||712|z,tJo|43,304|
|Wages andsalaries|20,631||||I,U2|29.473|107,696|
|Nationalinsurance
Pensioncost|1,634
u1||||700
146|2,334
487|7,144
'1,898|
||33.379||1.087||'14.926 _|
49.392|202616|
|Comparative amounts:||||||||
|Office|27,232||||11.671|38,903||
|Chapel|1,224||1,224||1,223|3,671||
|Professionalfeesandcharges|'14,435||14.434||'14.435|43,304||
|Wages andsalaries|75,387||||32.309|107,696||
|National insurance|5,001||||2.143|7,144||
|Pensioncosl|1,328||||570|1,898||
||124.601||15.658||62,351202,616|||
|ANALYSIS OF EXPENDITURE BY EXPENDITURETYPE||||||||
||StaffcostsDepreciation
2021
2021
et|||Othercosts
2021
e||Total
2021
e|Total
2020
€|
|Teaching|60,170||||21,387|81,557|283,826|
|Residenlial|52,445||||35,778|88.223|260,596|
|Premises|9,688|22,250|||92,051|123.988|414,114|
|Transferto successor entity|||||3,123,106|3,123,'106||
||122.303_|
22250|||3.272.322|3.416.875|958.536|
|Comparative amounts:||||||||
|Teaching|204,935||||78,891|283,826||
|Residential|13'1,811||||128,785|260,596||
|Premises|49,623|138,978|||225,513|414,'t 14||
||386,369|138,978|||433.189|958.536||
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|TANGIBLEFIXEDASSETS||||||
|---|---|---|---|---|---|
||Freehold||Fixtures and|||
||property
t|Motorvehicles
t|fittings
t||Total
E|
|Cost||||||
|At1August 2020|2,163,53135,574||434,2U||2,637,369|
|Transferto successor enlity|(2.163.531)(35.574)||A38.264.\|(2.637.369)||
|At31 July 2021||||||
|Depreciation||||||
|Al1August 2020
Charge forthe year
Transferto successor enlity|472.455
39.670
(512.125\|35,574
321,866829,895
13,637
53,307
(35.574)(335,503)
(883.202)||||
|At31 July2021||||||
|Netbook value||||||
|At 31 July 2021||||||
|At31 July2020|1.691.070||__11639&|_L801414||
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|.
FIXEDASSET INVESTMENTS|||
|---|---|---|
|||Listed|
|||securities
f|
|Marketvalue|||
|At1August 2020||507,984|
|Gains/(Losses)
Transferto successor entity||32.497
(540.48't)|
|At31 July2021|||
|lnvestments at marketvaluecomprise:|||
||2021
L|2020t|
|Listed investments|=___:==========__507184||
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||2021t||2020
!|
|---|---|---|---|
|Tradedebtors|||4,306|
|Legaciesaccrued|||350,000|
|Prepaymentsand accruedinmme|||81,333|
||||435,639|
|CREDITORS:Amountsfallingduewithinoneyear||||
||2021||2020|
||€||€|
|Tradecreditors|||48,905|
|Accrualsanddeferredincome|||14,958|
|||_|03-863|
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|STATEMENT OF FUND|S-CURRENTYE|AR||||||
|---|---|---|---|---|---|---|---|
||Balanceat1|||Transfers|Gains/|Balanceat31||
||August 2020
e|lncome
E|Expenditure
t|in/out
e|(Losses)
e|July|2021
t|
|Unrestrictedfunds||||||||
|GeneralFunds-allfunds2,884,981||175.384|(3.092.862)||32,497|||
|Restrictedfunds||||||||
|Knights of StColombia||||||||
|Fund|2,061||(2,061)|||||
|Rectors Fund|'12,088||(12,088)|||||
|WalterQuinlanFund|153,494||(153,494)|||||
|RefurbishmentFund|87,417||(87,417)|||||
|ChapelChallenge|68,953||(68,9s3)|||||
||u4.a1i||(324.013)|||||
|Totaloffunds|3208-994|175.384|(3.416.875)||_=i2a9L_|||
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||Balanceat'1||||Transfers|Gains/|Balance at31|
|---|---|---|---|---|---|---|---|
||August20'19
E|lncome
e||Expenditure
t|in/out
€|(Losses)
l|July2020
t|
|Unrestrictedfunds||||||||
|GeneralFunds -allfunds2.618.871||1.167,893(910.031)|||46.064|
(37.816)|2.884.981|
|Restrictedfunds||||||||
|Knighls ofStColombia||||||||
|Fund|2,061||||||2,061|
|Rectors Fund
Walter QuinlanFund|12,422
164,1II||5,219|(334)||(15,914)|12,088
153,494|
|RefurbishmentFund|139,123||14,401|(37,614)|(28,493)||87,4'17|
|SmokersProject|||500|(500)||||
|ChapelChallenge|39,359||33,4't2|(3,818)|||68,953|
|lvlagazine fund|6,239|||(6,239)||||
|Wntersbooks|'t7,571||||(17,571)|||
||380.964||53,532(48,505) (46.064)(15,914)||||324.O',13|
|Total offunds|2,999,835|1.|1,425|(958.53O||(53J30)3.208,994||
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|R|||
|---|---|---|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|2021
e|2021
€|2021t|
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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|fund s|
||2020
t|2020
€|2020
f|
|Tangiblefixedassets|1,807,474||1,807,474|
|Fixedasset investments|354,490|153,494|507,984|
|Currentassets|786,880|170,519|957,399|
|Creditors duewithinoneyear|(63,863)||(63,863)|
||2.884,981|324.O13|.3.208.994|
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|RECONCILIATIONOFNET MOVEMENT INFUNDSTONETCASH
ACTIVITIES|FLOWFROMOPERA|TING|
|---|---|---|
||2021|2020|
||e|€|
|Net income forthe year(asperStatement ofFinancialActavitaes)|(3,208,994)209,159||
|Adiustmentfor:|||
|Depreciationcharges|53,307|138,978|
|(Gains)/losses on investments|(32.497)|53,730|
|Dividends, inlerestand rentsfrom investments||(43,6s3)|
|Transferto successor entity|3,123,'106||
|Decrease/(increase)indebtors|203,41',!|(392,780)|
|lncreaseincreditors|131 436|.3!-045|
|Netcashprovidedbyoperatingactivities|||
||269,769|79|
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|ANALYSISOFCASH AND CASH EQUIVALEN|TS||
|---|---|---|
||2021r|2020
e|
|Cash in hand||521.760|
|Total|||
|||521.760|
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|
251342), weretransferredintothe ClO, the suc|
cessorentity.Theanalysisofnet asse|
|---|---|
||€|
|Fixed assets|1,754J67|
|lnvestments|540,481|
|Netcurrentassets|828,458|