**Charity Registration No. 269640** ## **ST PATRICK'S MISSIONARY SOCIETY UK** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **CONTENTS** ||**Page**| |---|---| |Legal and administrative information|1| |Trustee's report|2 - 6| |Statement of Trustee's responsibilities|7| |Independent auditor's report|8 - 10| |Statement of financial activities|11| |Balance sheet|12| |Statement of cash flows|13| |Notes to the financial statements|14 - 22| ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustee** St Patrick's Missionary Society Trustee Limited **Charity number** 269640 **Principal address** 20 Beauchamp Road East Molesey United Kingdom KT8 0PA **Auditors** Walsh O'Brien Harnett 104 Lower Baggot Street Dublin 2 Ireland D02Y940 **Bankers** Barclays Bank PLC 29-30 High Street Windsor Berkshire United Kingdom SL4 1PG - 1 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **TRUSTEE'S REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ The Trustee of St Patrick’s Missionary Society UK ha s the pleasure in presenting this Report and Financial Statement s for the year ended 3 1 st December 202 1 . The Trustee ' s Report, prepared in accordance with Charities SORP and the audited financial statements for the year ended 31 st December 2021, which are prepared in accordance with the Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and FRS 102. During 2021, despite the restrictions imposed due to the Covid 19 pandemic, the spiritual and promotion activity of St Patrick’s Missionary Society, based at 20 Beauchamp Road, East Molesey, Surrey, and covering both England and Wales, continued to focus on promoting spiritual and financial support for the Society and the missionary work of the Lord throughout these two countries. The ever-generous response of the people of both countries can be seen in the financial returns. ## **History** The District House/Promotion Office of St Patrick’s Missionary Society is located at 20 Beauchamp Road, East Molesey, Surrey. The District Leader is Fr Joseph McCullough, assisted by Fr Chris McGuinness. The Director of Promotion is Fr Richard Filima. The Society does not have any premises in Wales. ## **Members of St Patrick’s Missionary Society** Throughout 2021 there were a total of eight members of St Patrick’s Missionary Society resident in England. There are no members resident in Wales. Six members are resident outside the Society’s London house, of whom five are involved in parish/chaplaincy ministry in their respective locations while one member is retired. There are two members resident at 20 Beauchamp Road - one of whom is involved in the promotion programme of the Society, and one holds a Society position. The main focus of the work of the Society in England & Wales is promotion of the Society and its missionary work. Normally this work would involve parish visitation at weekends to those parishes allocated to the Society by the Catholic Missionary Union, under the auspices of the Catholic Bishops Conference of England & Wales, but this was not possible in 2021 due to the Covid 19 pandemic. During these weekend visits to parishes, our priests would invite people to support the missionary work of the Society, both spiritually and financially. During the week, the Director of Promotion administers the Promotion Office and is assisted in this by an Office Manager and two full time Office Assistants. Due to Covid lockdown there are no employees in the District House. ## **Governance** In accordance with the constitution of the Charity the four members of the Central Leadership Team residing in Kenya are Trustees together with the Bursar General of St. Patrick’s Missionary Society who resides in Ireland and is, by virtue of his office, Secretary to the Board. The local Leader residing in the UK is also appointed as a Trustee. As all the Trustees, on assuming office, are members of the Society they already have knowledge of the work of the Charity and its structure. There is a policy of induction and on-going training of Trustees. On being appointed, after the General Chapter every six years, the new Trustees are required to spend a week with the Trustees who are leaving office, for a comprehensive briefing and hand-over. They also receive a briefing from the Society’s accountant and legal and investment advisers in order to become aware of their responsibilities and the Charity’s financial position. The Trustees have a good knowledge of the principles of good governance and they understand their responsibilities and duties as trustees of the Charity. They are fully committed as a Board to complying with all the legal and statutory regulations governing the Charity Sector. As all Trustees are members of St. Patrick’s Missionary Society their living costs are borne by the Charity. They receive no remuneration or expenses for their services as Trustees. The names of the Trustees who served during the year are set out as part of the legal and administrative information on page 1 of this annual report and accounts. - 2 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **TRUSTEE'S REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Trustee's Responsibilities in Respect of the Financial Statements** The Trustee is required to prepare financial statements, which give a true and fair view of the state of the Charity’s affairs and of its income and expenditure for each financial year. In preparing the financial statements the Trustee is required to select suitable accounting policies, to apply them consistently and to make judgments and estimates that are reasonable and prudent. The Trustee confirms that they have complied with the above requirements in preparing the financial statements. The Trustee is responsible for keeping proper accounting records which comply with accounting standards and which disclose, with reasonable accuracy at any time, the financial position of the Charity. To ensure that proper books and records are kept, the Charity has employed appropriately qualified personnel, including a full time Accountant, and has maintained appropriate computerised accounting systems. The Trustee also takes seriously their responsibility for safeguarding the assets of the Charity, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Risk Management** In line with the requirement for the Trustee to undertake a risk assessment exercise and report on the same in their annual report, the Trustee has looked at the risks the Charity currently faces and have reviewed the measures already in place or needing to be put on place. The Trustee has identified six areas where risks may occur: - Governance and management - Operational - Financial - Reputational - Laws, regulations, external and environment **Governance and management** looks at the risk of the Charity suffering from a lack of direction, at the skills and training of its members and staff, and the good use of its resources. The appointment of a Governance Subcommittee to advise the Board and to set in place the necessary structures, policies and protocols is a key strategy in mitigating this risk. **Operational** looks at the risks inherent in the Charity’s activities, including the Mission Awareness Programme carried out in parishes throughout England and Wales. It looks at the risk of members engaging in inappropriate activities, the unsuitability of buildings, poor maintenance, shortcomings in the services provided, difficulties with staff, poor health and safety provisions and the provision of a disaster recovery policy. The appointment of key appropriately trained personnel, e.g. a Child Safeguarding Officer and a Data Protection Coordinator, helps to mitigate these risks. **Financial** risks include those arising as a result of poor budgetary control, inappropriate spending, poor accounting, inappropriate investment policies, foreign currency exchange, etc. The appointments of a qualified Chartered Accountant and appropriately qualified support staff help to mitigate these risks. **Reputational** looks at possible damage to the Charity’s reputation and the risk is lessened by a dedicated communications department. **Laws, regulations, external and environment** look at the effects of government policies and the consequence of non–compliance with laws and regulations. The Trustee and managers are encouraged and resourced to avail of in-service training to update their skills and knowledge of the ever increasing regulations and legislation in the Charity Sector. Having assessed the major risks to which the Charity is exposed, the Trustee believes that by monitoring reserve levels, by ensuring controls exist over key financial systems, and by examining the operational and business risks faced by the Charity, it has established effective systems to mitigate those risks. The Trustee has maintained a policy of continuous monitoring of the risks that the Charity faces. - 3 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **TRUSTEE'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Protection of Children and Vulnerable Adults** Along with all other organisations who serve in the community, the Trustee recognises the absolute necessity of ensuring the protection and safety of all those the Charity serves. They are committed to protecting and promoting children’s rights. It is the responsibility of every member, volunteer and employee of the Charity to uphold the law and adhere to Gospel values by respecting the dignity and rights of all children, young people and vulnerable adults, and to work together to ensure their safety and wellbeing. St Patrick’s Missionary Society is committed to working in partnership with the Civil Authorities to ensure all aspects of the safeguarding of children are managed properly, professionally and justly. We adhere to the statutory policy and are committed to following best practice as specified in the National Safeguarding Policies for the Catholic Church in England and Wales and to following our own Child Protection Policy and Procedures as set out in the documents “Policy and Procedures for Safeguarding Children in St Patrick’s Missionary Society” and “2018 Revised Safeguarding Policy for the District of Ireland” (www.spms.org). All members of the Society, our employees, volunteers and those working in association with the Society are required to comply with these policies. ## **Organisational Structure and Management Reporting** The Trustee is ultimately responsible for the policies, activities and assets of the Charity. The board meets on a regular basis to review developments with regard to the Charity and its activities, to plan for the future and to make any important decisions that need to be made. When necessary the Trustee seeks advice and support from the Charity’s professional advisers including Investment Managers, Solicitors and Accountants. The Bursar General and the Society Accountant meet with the Trustee to discuss and review the quarterly management and financial reports, the annual budget and whenever necessary to provide assistance to the Trustee in carrying out their responsibilities. The annual budget process involves detailed projections for planned expenditure and the calculation of expected income. This is carefully analysed and once approved by the Trustee must be strictly adhered to. The Bursar’s office monitors this closely. The Trustee receives a statement of income and cash flow on a monthly basis. The day-to-day management of the Charity’s financial activities and the implementation of budgetary and other financial policies are delegated to the Bursar General, who is a member of St. Patrick’s Missionary Society. The Bursar General administers the financial affairs of St Patrick’s Missionary Society under the direction of the Trustee and is assisted in his work by the Society Accountant and other senior staff. ## **Objectives & Activities (Incorporating Achievements & Performance)** The object(s) for which the Association is established is the advancement of religion. In furtherance of this the primary objectives are: (a) To engage in missionary activities in Africa or in any other country or any other continent in which the Society may be asked to assist by the Holy See (b) To bring the teaching of Christ to the peoples of any of the countries of Africa or any other country in which the Society may be asked to assist by the Holy See (c) To care for the spiritual welfare of its members and those Christians in Africa or in any of the countries referred to in the preceding paragraph (d) To educate, train and maintain students preparing for the priesthood in any Society or Congregation engaged in promoting the foregoing objects, or any of the foregoing objects, and to educate, train and maintain persons preparing for admission as lay brothers in any such Society or Congregation (e) To maintain and support the priests and lay brothers of any such Society - 4 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **TRUSTEE'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ (f) To educate, train, maintain and support postulants, novices and professed sisters of or in any religious Society or Congregation engaged in promoting the objects or any of the objects set out in sub-clauses (a), (b) and (c) of this Clause, and to contribute to the funds of any such Society or Congregation (g) To educate, train and maintain and support, and remunerate and provide pensions or retiring allowances for teachers, catechists and any persons who assist or who intend to assist in any of the foregoing objects. The Society promotion programme, which has been functioning for many years, is and remains the main purpose for the Society’s presence in England and Wales. This programme has helped enormously over the years to build up a very loyal and generous family of supporters throughout England & Wales, almost all of whom contribute regularly and generously. The following are the main aspects of the Promotion Programme _Parish Weekend Appeals_ - whereby people are invited to missionary awareness and support. Usually we are allocated two dioceses per year. Not all parishes respond to our request to come and make our Mission Appeal but we generally visit all who invite us – usually about 80/90 parishes per year. As already stated, this programme was not possible during 2021 due to Covid 19 pandemic restrictions and no parish visits took place. _Bulk Mail Appeals_ – of which there are four throughout the year - generate considerable income for the Society and the missionary work of the Lord, especially the Lenten Appeal. These activities were carried out successfully in 2021. _Africa magazine_ - the Society magazine, is distributed nine times a year to our benefactors. Approximately eleven thousand three hundred copies are sent out as a means of communication and contact with our benefactors. While not income generating, _Africa_ magazine helps greatly to make the Society's name and mission known and supported. _Other income streams_ - coordinated from the Promotion Office, bring in considerable income. These include donations for our Occasion Cards, Mission Circle income, Perpetual Enrolment, Bequests and general donations. These activities were particularly successful during 2021 and may be largely due to the pandemic when supporters were more confined to home and had more time to attend to their mail. _Social media_ using our website and Facebook page - is fast becoming more and more important as a means of publicising the name and mission of the Society. This is an area of growth in the Charities activities and performance. The Society gratefully acknowledges the wonderful generosity of the people of England & Wales over many years and the contribution, both spiritually and financially, which they have made, and continue to make, to the missionary work that the Charity supports. Work is ongoing in streamlining the activities of the Promotion Office through sharing the resources and expertise of our very committed and professional staff in our promotion offices in Kiltegan and Scotland. The weekend Parish Appeals are a vital element of gathering and adding names to our database. This is as important, if not more important, than the actual direct income received from the Mission Appeals. Not being able to gather such names in 2021 will undoubtedly have a long term negative effect on our already declining database. Our database has approximately twenty eight thousand members, of which approximately twenty three thousand make at least one donation each year. Tidying up our database and removing any inactive members remains an ongoing task. We are very conscious of increasing expenditure costs and continuing efforts are made to reduce them where possible. One of our largest expenditure streams is postage. We continue to make every effort to reduce this as much as possible and especially by inviting people to allow us to acknowledge their generosity by email and text acknowledgment rather than by letter. - 5 - ST PATRIc￿s MISSIONARY SOCIEfY UK TRUST.EE'.S REPOIU (CONTINUED) FOR TrIE YEAR ENDED 31 DECEMBER 2021 Work und•rtak•n In 202.1 Due.lo Ihè r¢thcUon8 Imposed on by tho éffgcts of Ihg Covld pandBmi¢ our ablllty to gather ngw ngrn95 from Mlsslon App￿￿ TKSt posslbh. TNS for¢ed us to r•ly on Hnd davelDP our tobPh￿l• and onlkn8 roqu•sts In orlgrto galh8r Mw"b&rboT8dors. g lo¢kdv•m, Offi(*.Mgn8ger and assljknts wotklng MmDtsty. Whllg thls was fAr from Itloal, ik dbj m68D royuLqr confact m￿nIa1nEd WI￿ nur bgn8fac4or¥ and mosl aBpod8 DY Dur promdon prngrammè rnmalngd (uncuonal. Agaln, due to lh8 Covfd p8nd&mtc mliidtDn. Ih&B was no opportunlty k¥r. stsff .sUPPDrt rn•oiirwJs ￿th 0￿r Scottish or KllegaTr offlc• col]e"aguey, I1￿Ugh ￿ Conllnuad to rnndud a lot ofwoTk through Z¢Jom m?￿g5 and onllng athty. th part8h" ¢hurthgs and re￿OrOuS oullpis ¢los¢d'du9 to the pandemle. we cunttrnied to.b8noffit from IncTra¥8d numbera ￿qU￿SI1ng our canls 8nd olher relsgkus itDrrffS by phonB a8 thoy could no'longef 9el.thvsg Itemy from thoir Ivcal Churth ynd other You￿e¥, Flnan¢l•l Rovl Fln8nGilllnfomwllon Total for the y8aramaunted io £l,B97,027 (2020: £1.716,850) whkh 8r# the.0pernUon￿ reserveg ol the Soclgty. Thjs ropres8nts a 10.SY* IncTefjsg on Ihg pdor yew. m8lnty 4ttsibut8bl8 to a Covld-19 8ppe81 held In 2021. Th£￿ wa5 no su.¢h 8PP8al in 2020. Totsl chÈtltabl• gxyTréibJro. Inojudlng lntra.Iw￿ tr8nsl8Ys. for the ypar amountod to £2,015,668 12020.. £1,656.667). Th16 iepresonls a 21,7% inGre•sg on tha prfor year. rnalnly 8ttrft¥Jtgble to an Incmso In transfef¥ to Klltsg8n Irorn El.050,000 In 2020 to £1.500.OIY) In 2021. Thls resurted tn a net dafjcrt a1.£118,841 le8vlTrJ aft accumulated bslance 01 £1206.5B1 al 31 DeEeffib•r 2021. Fulurg DgvglDpmonts Tr• SocS0ty doe& ry)t expart to m9k¢ any 8lgnlfi*xnl d)arv$ lo its aGltwties In England & Wales In the Mer lutuTr. FN•nts aftertho Bal8nctr Shfj•É Dal Thorè"hgv• Wn no.•lgnttt¢Emt ovenls affectlw Ihe Cl*rfly 61no8 tho flnanclal ￿r-end. Th• Trusté•'$ R9"pOrtw￿ apwov•rl by thè Tru&￿. Datsd: ST PATRICK'S MISSIONARY SOCIETY UK STATEMENT OF TRUSTEE'S RESPONSIBiufiES FOR THE YEAR EIIDED 31 DECEAIBER 2021 The Tnjstee re6pon51bte for preparfng.tha Tru5teo'5 Re￿rt. and tho fJnanGial $talom&nls In accordance wllh a?￿[cabb law and United tQr*gdom Ac"counllng "Stsndards Iuniled Klngdom" S8neTrlly Acropted Account1ri9 Pra￿￿). The law appllcabtg lo thaTIU05 In EnglarKI and wal￿ Yequires.th? Tw$l*tr.lo preparè flnancl81 Btstements fot ellch financlBI.y8ar glve e INè and fetr vlow ol Ihe 8tate of affalrs of Ihg Charity and of the inrome and aP￿Ical￿yn'oTelPendllU1? of IhB Chgdtylorthal In prèparfng th￿8 fi￿￿￿18[ statement8, thgTrusl8815 tth. - setecl sultablo a¢￿n￿ng polclB8 8rtd Ihen appty. thern consl$lgDW, -.0￿￿￿ the methods gn"d prfnc1F￿eS In the Chartlles SORP., - iiiakeJvdgeTrnenls and esllmatss that aro reaEonabl8 and pnJd8nl: slgle Whet￿r. applcatde accounllng landards have bèon followed. subleGI to ffjy m#ferf•l dep8rttsrè8 dlxlosed drid explèlned In Ihe fln￿ra&1 6talernentt and - wep9￿ the finanopl $tat¢ment8 on lh& golng conctm ba￿8 unless It Is Inappropr5atè tts preswn? 1hat tho charity will contlnue In opeTBtiDn. The Th1*89 ts fesponslb18 for koeplng 3umclent èccounllng rawds Ihal dlsclo6e wlth r9850nabb accuwy.at any finBn¢lal p05hlon of the Charily and enBb18 It lo ensure Ihal the finBlltlJl 51atemenls comptyvllth'tha Cherhles Act2011..IhÈ Charity (Accounts 8nd Report8} RegulaUon8 2008 and thg proMslon$ of Iho trusl daod. It Is also respon51bla for saf8gu3rdlng lh8 8550ts of Ihg Ch8rtty #né hence for takrng reasonable 6lep8 for Iho pr•v8nilon.and dèi8Ctlon of fraud other I¢TagulaTl¥as. Tho Tru$te•'$ Rg8ponalbifths Stat•mènt"was approvèd ty tho Trusl¢p. TruJt lQ,/i o./.ieJi ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF ST PATRICK'S MISSIONARY SOCIETY UK** ## **Opinion** We have audited the financial statements of St Patrick's Missionary Society UK (the ‘Charity’) for the year ended 31 December 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 "The Financial Reporting Standard a applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 December 2021 and of its incom e and application of expenditure , for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing ( UK ) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK , including the FRC's Ethical Standard and the provisions available for small entities, in the circumstances set out in note 4 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustee with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustee is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** Based on the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified any material misstatements in the Trustee's Annual Report. - 8 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE OF ST PATRICK'S MISSIONARY SOCIETY UK** ## **Responsibilities of Trustee** As explained more fully in the s tatement of Trustee's r esponsibilities, the Trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustee determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustee is responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustee either intend to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs ( UK ) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below ; - Enquiries with management about any known or suspected instances of non-compliance with laws and regulations and fraud; - Review of correspondence with regulators including Charity Commission For England and Wales - Challenging assumptions and judgements made by management in their significance accounting estimates, in particular in relation to depreciation charges; and - Auditing the risk of management override of controls, including thorough testing journal entries and other adjustments for appropriateness A further description of our responsibilities is available on the Financial Reporting Council’s website at: http s :// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. - 9 - ST PATRICK'S MISSIONARY SOCIETY UK INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE OF ST PATRICK'S MISSIONARY SOCIETY UK Us8 of thi$ report This report. includlng the opinions, has been prepared for and only for the Charity's Trustee in accordance wth section 144 of the Charities Act 2011 and regulations made under those Acts and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or lo any other person lo whom this report 1$ shown or into whose hands il may come save where expressty agreed by our prior consent in writing. IVal$h O'Brlan Harnett Chartered Accountants and Statutory Audlt Flm) ststutory Audltor 104 Lower Baggot Street Dublin 2 D02Y940 10 Octob8r 2022 10- ST PATRICICS IVIISSIONARY SOCIETY UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 UnrÈslrf¢tèd Restrleted fun¢ls fund8 2021 ZD21 Tol81 Unrè&trt¢wd Restrf¢t funds .lund$ 3020 2020 zozi 2020 Notes Donatkjns aTha 18godes CharTtable activles 1,899,791 73.946 93.847 1,793,644 1.455,010 29.437 103.383 86.106 153,835 1.808,845 21,699 107,805 Totsl Incomp 1,778,743 t28..284 1.897.027 1."541,116 175￿84 1,716.650 Charftablg adiviUe5 1.,892.384 123.2B4 2.015.668 1,480,133 175,534 q,6S5,8B7 •xpendltur•Vln¢omè Jor lh• y•?rl N•l movomvnt In fund¥ {116,6411 1118.841) 60',983 80.983 Fur￿.b31anGBs at 1 January 2021 1,325,22/ 1,325.222 1,264239 1.264.239 Fund balan¢è* at.21 Docembor 2021 1,206,581 1.206.581 1.325222 1,325,222 Th• stslomenl Of ffnan¢TrÈl aclivllle8 InclKld?$ all gBln¥ and 1055es r8¢ogn19ed in tho year. Ilncome 8nd e¥pendkure ¢Jèrf¥e IT(th COntlnulDg actlvltles. Thè flnan¢lal ytatom•nts w8r• approved by thg Tntste• on .. Twst•• 11 ST PATRICK'S MISSIONARY SOCIETY UK BALANCE SHEET AS AT31 DECEMBER 2021 2021 2020 .Notss Flx•d 8ssets T8ng5ble as5eb' 74&.138 772.493 Curr•nt"aBswt Stocks DBblors Cash 81 bank and In hand 12 7,488 6,654 494,744 19,818 $74.072 508,886 Credltory: thi¢wnt$ lallln9 du• wllhln ywr 14 148.443) (50,8001 N8t ourront aBBBIs 480,443 552.729 Totsl.assBts le¥5 G￿rrent Ilabllltks 1,2Cfj.581 1325.222 Fund Unr DeslgnoiedfLm 17 1.2C6.561 1,325.222 1.20fj.5&1 1,325222 1,206.581 1,325.222 Ip/iTr//o2Z Th* flnanclal stsl•morrt* wer• ?ppro¥ed by lh• TNStpe on .. st99 12- ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**2021**
**Notes**
**£**
**Cash flows from operating activities**
Cash (absorbed by)/generated from
operations
**20**
**Net cash used in investing activities**
**Net cash used in financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2020**
**£**
**£**
(79,328)
-
-
(79,328)
574,072
494,744|**£**
76,065
-
-
76,065
498,007
574,072| |---|---|---| - 13 - **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Charity Information** St Patrick's Missionary Society UK is a charity registered in the United Kingdom. The registered office of the charity is 20 Beauchamp Road, East Molesey, Surrey, KT8 0PA which is also the principal place of business of the charity. The nature of the charity’s operations and its principal activities are set out in the Trustees’ Report. ## **2 Accounting policies** ## **2.1 Accounting convention** The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in pounds, which is the functional currency of the Charity. Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **2.2 Going concern** At the time of approving the financial statements, the Trustee has a reasonable expectation that the Charity has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval. Thus the Trustee continue s to adopt the going concern basis of accounting in preparing the financial statements. ## **2.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustee in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **2.4 Income** ## **Donations and legacies** Donations are recognised when the Charity has entitlement to the income, the amount can be reliably measured, and it is probable that the income will be received. In the event that a donation is subject to conditions that require a level of performance before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period. Cash donations collected are recognised as income when the Charity gains control, and the amount can be reliably measured. Legacies are included in the statement of financial activities when the Charity has been notified by the executor’s that the payment will be made, property transferred, and the amount can be reliably measured. ## **Income from charitable activities** Income from the charitable activities is recognised to the extent that it is probable that the economic benefits will flow to the charity and the revenue can be reliably measured. It is measured at fair value of the consideration received or receivable, including any relevant value added tax. - 14 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **2 Accounting policies** ## **(Continued)** ## **2.5 Expenditure** Expenditure is included in the Statement of Financial Activities when incurred and included any attributable value added tax which cannot be recovered. Expenditure comprises of the following: a) Charitable activities expenditure comprises expenditure on the Society's primary charitable purposes. b) Governance costs comprise the costs directly attributable to the organisational procedures and the necessary legal procedures for compliance with statutory requirements. ## **2.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost or at valuation, less accumulated depreciation. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings 2% Straight line Fixtures and fittings 15% Reducing balance Motor vehicles 30% Straight line Furniture and equipment 10% Straight line Any gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **2.7 Stocks** Stocks are stated at the lower of cost or net realisable value, after making allowance for obsolete items. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. ## **2.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **2.9 Financial instruments** The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. - 15 - **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **2 Accounting policies** ## **(Continued)** ## **Basic financial assets** Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## **Basic financial liabilities** Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **2.10 Taxation** The charity is a registered charity and, therefore is not liable to income tax or corporation tax on income derived from their charitable activities, as it falls within the various exemptions available to registered charities. ## **2.11 Foreign exchange** Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure ) for the period. ## **2.12 Donated services or facilities** For the purposes of the financial statements, no monetary value has been placed on administrative or other services provided by members of the charity. ## **3 Critical accounting estimates and judgements** In the application of the Charity’s accounting policies, the Trustee is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 16 - **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **3 Critical accounting estimates and judgements** ## **(Continued)** ## **Key sources of estimation uncertainty** The annual depreciation on tangible fixed assets is sensitive to changes in the estimate useful economic lives and residual values of the assets. These estimates are reviewed annually and amended when necessary. The Trustee does not consider that there are any key assumptions concerning the future, or any other key sources of estimation uncertainty, that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. ## **4 Provisions available for audits of small entities** In common with many other charities of our size and nature, we use our auditors to assist with the preparation of the financial statements. ## **5 Income from d onations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**£**
**£**
Donations and gifts
289,076
-
Bequests
403,634
-
Gift Aid
112,173
-
Mission Donations
-
93,847
Promotion Work
894,914
-
1,699,797
93,847|**Total**Unrestricted
funds
**2021**
2020
**£**
£
289,076
278,857
403,634
433,353
112,173
78,723
93,847
-
894,914
664,077
1,793,644
1,455,010|Restricted
funds
2020
£
-
-
-
153,835
-
153,835|Total
2020
£
278,857
433,353
78,723
153,835
664,077
1,608,845| |---|---|---|---| ## **6 Income from c haritable activities** |Africa Magazine
Mass income
Analysis by fund
Unrestricted funds
Restricted funds|**2021**
**£**
73,946
29,437
103,383
73,946
29,437
103,383|**2020**
**£**
86,106
21,699
107,805
86,106
21,699
107,805| |---|---|---| - 17 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **7 Expenditure on c haritable activities** |**Mission &**
**Promotion**
**2021**
**£**
Staff costs
97,638
Depreciation and impairment
-
Other direct costs
1,760,215
1,857,853
Share of governance costs (see note 8)
6,373
1,864,226
**Analysis by fund**
Unrestricted funds
1,740,942
Restricted funds
123,284
1,864,226|**Africa**
**Magazine**
**Support &**
**Care of**
**Members**
**2021**
**2021**
**£**
**£**
-
6,002
-
26,355
42,458
76,109
42,458
108,466
146
372
42,604
108,838
42,604
108,838
-
-
42,604
108,838|**Total**
**2021**
**Mission &**
**Promotion**
**2020**
**£**
**£**
103,640
97,879
26,355
-
1,878,782
1,364,687
2,008,777
1,462,566
6,891
6,866
2,015,668
1,469,432
1,892,384
1,293,898
123,284
175,534
2,015,668
1,469,432|**Africa**
**Magazine**
**Support &**
**Care of**
**Members**
**2020**
**2020**
**£**
**£**
-
23,630
-
27,168
52,210
82,226
52,210
133,024
279
722
52,489
133,746
52,489
133,746
-
-
52,489
133,746|**Total**
**2020**
**£**
121,509
27,168
1,499,123
1,647,800
7,867
1,655,667
1,480,133
175,534
1,655,667| |---|---|---|---|---| - 18 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**8**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Audit fees
-
6,891
-
6,891
Analysed between
Charitable activities
-
6,891|**2021**
**£**
6,891
6,891
6,891|Support
costs
Governance
costs
£
£
-
7,867
-
7,867
-
7,867|2020
£
7,867
7,867
7,867| |---|---|---|---| Governance costs are allocated to charitable activities on a percentage basis. Governance costs includes payments to the auditors of £ 6,891 (2020- £ 7,867 ) for audit and advisory fees. ## **9 Trustee** The Directors of the Trustee company (or any persons connected with them) have not received any remuneration or benefits from the charity during the year. The living and personal expenses of Directors who are members of St Patrick's Missionary Society UK are borne by the Charity but they received no remuneration in connection with their duties. ## **10 Employees** The number of employees during the year was: |**Employment costs**
Wages and salaries|**2021**
**Number**
5
**2021**
**£**
103,640|**2020**
**Number**
5
**2020**
**£**
121,509| |---|---|---| There were no employees whose annual remuneration was £60,000 or more. - 19 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **11 Tangible fixed assets** |**Freehold**
**land and**
**buildings**
**Fixtures**
**and fittings**
**Motor**
**vehicles**
**Furniture**
**and**
**equipment**
**£**
**£**
**£**
**£**
**Cost**
At 1 January 2021
768,121
69,697
46,019
114,134
At 31 December 2021
768,121
69,697
46,019
114,134
**Depreciation and impairment**
At 1 January 2021
46,086
45,802
41,205
92,385
Depreciation charged in the year
15,362
3,584
3,611
3,798
At 31 December 2021
61,448
49,386
44,816
96,183
**Carrying amount**
At 31 December 2021
706,673
20,311
1,203
17,951
At 31 December 2020
722,035
23,895
4,814
21,749
**12**
**Stocks**
**2021**
**£**
Office and administration
7,488
**13**
**Debtors**
**2021**
**Amounts falling due within one year:**
**£**
Other debtors
6,654
**14**
**Creditors: amounts falling due within one year**
**2021**
**Notes**
**£**
Other taxation and social security
-
Deferred income
**15**
30,887
Other creditors
-
Accruals
17,556
48,443|**Total**
**£**
997,971
997,971
225,478
26,355
251,833
746,138
772,493
**2020**
**£**
9,644
**2020**
**£**
19,813
**2020**
**£**
1,806
32,585
3,762
12,647
50,800| |---|---| - 20 - ## **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **15 Deferred income** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |Arising from Africa magazine|30,887|32,585| ## **16 Restricted funds** |**Balance at**
**1 January 2021**
**£**
Restricted Funds
-
**17**
**Unrestricted funds**
**Balance at**
**1 January 2021**
**£**
Unrestricted Funds
1,325,222
1,325,222|**Movement in funds**
**Incom e**
**Expenditure**
**Balance at**
**31 December**
**2021**
**£**
**£**
**£**
123,284
(123,284)
-
**Movement in funds**
**Income**
**Expenditure**
**Balance at**
**31 December**
**2021**
**£**
**£**
**£**
1,773,743
(1,892,384)
1,206,581
1,773,743
(1,892,384)
1,206,581| |---|---| ## **18 Events after the reporting date** There have been no significant events affecting the Charity since the financial year-end. - 21 - **ST PATRICK'S MISSIONARY SOCIETY UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **19 Related party transactions** ## St. Patrick's Missionary Society Ireland Directors Fr. Victor Dunne, Fr. John Marren, Fr. Seamus O’Neill of St Patrick’s Missionary Society Trustee Limited who is sole Trustee of St Patrick’s Missionary Society UK, are also Trustees of St Patrick’s Missionary Society Ireland. During the year, St. Patrick’s Missionary Society UK paid St Patrick’s Missionary Society Ireland £17,050 for the Africa Magazine and transferred a total of £92,914 in relation to specific donations, masses, and for refunds of expenditure incurred on behalf of St Patrick's Missionary Society UK. As at 31 st December 2021, £971 was due to St Patrick’s Missionary Society Ireland by St Patrick's Missionary Society UK. ## St. Patrick's International Incorporated Directors Fr. Victor Dunne, Fr. John Marren, Fr. Seamus O’Neill, Fr. Cathal Moriarty and Fr. Joseph Kamau Bosco of St Patrick’s Missionary Society Trustee Limited who is sole Trustee of St Patrick’s Missionary Society UK, are also Directors of St Patrick's International Incorporated. Included in expenditure is contributions of £1,500,000 from the UK Society. As at 31st December 2021, no amounts were due to/firm St. Patrick's International Incorporated by St. Patrick's Missionary Society UK. ## St. Patrick's Missionary Society Scotland St. Patrick’s Missionary Society Trustee Limited, who is sole Trustee of St Patrick’s Missionary Society UK, is also sole Trustee of St Patrick’s Missionary Society Scotland. Included in expenditure are amounts totalling £20,818 relating to refunds of expenditure incurred by St Patrick's Missionary Society Scotland on behalf of St Patrick's Missionary Society UK. During the year St Patrick's Missionary Society UK also received a total of £18,302 from St Patrick's Missionary Society Scotland for expenditure incurred on their behalf. At 31st December 2021, no amounts were due to/from St Patrick's Missionary Society Scotland by St. Patrick's Missionary Society UK. ## **20** |**Cash generated from operations**
**2021**
**£**
(Deficit)/surpus for the year
(118,641)
Adjustments for:
Depreciation of tangible fixed assets
26,355
Movements in working capital:
Decrease/(increase) in stocks
2,156
Decrease/(increase) in debtors
13,159
(Decrease) in creditors
(659)
(Decrease) in deferred income
(1,698)
**Cash (absorbed by)/generated from operations**
(79,328)|**2020**
**£**
60,983
27,168
(499)
(9,523)
(1,092)
(972)
76,065| |---|---| ## **21 Approval of Financial Statements** The financial statements were approved and authorised for issue by the Trustee on 10 October 2022. - 22 -