2020-12-31-accounts

	Page
GeneralInformation	1
Report ofthe Trustees	2
Independent Examiner’sReport	5
Statement ofFinancial Activities	6
Schedule to Statement ofFinancial Activities	7
Balance Sheet	9
Notesto the Financial Statements	10

StatementofFinancialActivities	StatementofFinancialActivities
for the year ended 31 December 2020
2019				2020
			Unrestricted	Restricted
Total Funds	Schedule		Funds	Income	Funds	Total Funds
£			£	£		£
	Income Resources
	Donations, Legacies and Similar
11,233	Incoming Resources	1	28,186		-	28,186
62,468	Operational Activities	2	80,412		-	80,412
73,701	Total Incoming Resources		108,598		-	108,598
	Resources Expended
16,355	Costs ofGenerating Funds	4	9,737		-	9,737
66,077	Charitable Expenditure	5	103,301		-	103,301
82,432	Total Resources Expended		113,038		-	113,038
	Net Incoming Resources
(8,731)	beforeTransfers		(4,440)		-	(4,440)
-	Transfers Between Funds
	Net Incoming Resources before
(8,731)	Other Recognised Gains and Losses		(4,440)		-	(4,440)
	Loss on SaleofFixed Assets	6
(8,731)	Net Movementin Funds		(4,440)		-	(4,440)
	Fund Balances Brought Forward as at
1,669,119	1 January 2020		1,500,585	159,803		1,660,388
	Fund Balances Carried Forward as	at
1,660,388	31 December2020		1,496,145	159,803		1,655,948

2019				2020
			Unrestricted	Restricted
Total Funds			Funds	Income	Funds
	1	Donations, Legacies and Similar Income Resources
£			£	£
10,556		General Donations	28,186		-
677		Gift Aid Tax Refund	-		-
-		Legacies and Bequests	-
11,233			28,186
	2	Incoming Resources from OperationalActivities
£			£	£
		Activities in Furtherance ofthe Charity’s Objectives:
-		Mass Stipends	-		-
10,467		Purgatorian Archconfraternity	10,226		-
31,490		Catholic Magazine Subscriptions	40,883		-
		Activities forGenerating Funds:
20,209		Farming	27,819		-
-		Rental			-
302		Other Income	1,484		-
50,786			80,412		-
	3	Investment Income
£			£	£
-		Bank Interest
		Resources Expended
	4	Costs ofGenerating Funds
£			£	£
16,355		Farming	9,737		-

2019				2020
			Unrestricted	Restricted
Total Funds			Funds	Income Funds
	5	Charitable Expenditure
£			£	£
		Grants Payable in Furtherance ofthe Charity’s Objects:
13,300		Donations —Transalpine Redemptorists	24,250
			24,250
		Costs ofActivities in Furtherance ofthe Charity’s Objects:
3,609		Catholic Magazine	3,961
7,752		Apostolate	13,709
25,620		Golgotha Monastery Expenses	45,464
-		Eastchurch Monastery Expenses	-
		Mass Stipends
36,981			63,134
		Costs ofManagement and Administration oftheCharity:
309		Motor Vehicle Expenses	469
1,428		General Administration Expenses	4,903
14,060		Amortisation and Depreciation	10,545
15,796			15,917
66,077			103,301
	6	Loss on sale ofFixed Assets
£			£	£
		Loss on SaleofFixedAssets

2019				2020
				Restricted
			Unrestricted	Income
		Notes	Funds	Funds	Total
£			£	£	£
	Fixed Assets
1,653,481	Tangible Assets	5	1,483,133	159,803	1,642,936
	Current Assets
-	Stock		3,430	-	3,430
15,150	Debtors	6	19,491	-	19,491
12,386	Cash atBankand inHand		18,696	-	18,696
27,536			41,617	-	41,617
20,629	ShortTerm Creditors	7	28,605	-	28,605
6,907	Net Current Assets/(Liabilities)		13,012	-	13,012
1,660,388	Total Assets Less CurrentLiabilities		1,496,145	159,803	1,655,948
1,660,388	Net Assets		1,496,145	159,803	1,655,948
	Funds
1,660,388			1,496,145	159,803	1,655,498

Depreciation is charged on the following asset groups atthe follo	wing rates:
Freehold Land	- is not depreciated
Freehold Buildings and Improvements to FreeholdBuildings	- is not depreciated
Plant and Equipment	- 25% perannum on areducing basis
Fixtures, Fittings and Equipment	- 25% per annum on a reducing basis
MotorVehicles	- 25% perannum on a reducing basis

FundName	Type ofFund	Purpose and Restrictions
Aid to Our Lady’s Russia	Restricted Income Fund	The purpose of Aid to Our Lady’s Russia	is to
		receive anddistributepurely financial assistancefor
		the poor Catholics ofRussia, particularly for	those
		married couplestrying to refusethesinfultwo-child
		family anti-life culture, of contraception	and
		abortion.
Papa Stronsay Appeal	Restricted Income Fund	Appealto assistinthepurchaseoftheIslandofPapa
		Stronsay

	Papa
Aid to Our	Stronsay
Lady’s Russia	Appeal	Total
£	£	£
-
-	-	-
69,548	90,255	159,803
69,548	90,255	159,803

Details ofMovements on Assets
	Freehold		Fixtures,
	Land &	Plant &	Fittings &	Motor
	Buildings	Equipment	Equipment	Vehicles	Total
	£	£	£	£	£
Cost
Balance as at 1 January 2020	1,611,301	309,693	55,959	14,040	1,990,993
Additions	-		-	-
Disposals
Balance as at 31 December 2020	1,611,301	309,693	55,959	14,040	1,990,993
Depreciation
Balance as at 1 January 2020	-	270,515	55,701	11,296	337,512
Depreciation Eliminated	-	-	-	-	-
Charge forYear	-	9,795	64	686	10,545
Balance at 31 December2019	-	280,310	55,765	11,982	348,057
NBV at 31 December 2020	1,611,301	29,383	194	2,058	1,642,936
NBVat3I December2019	1,611,301	39,178	258	2,744	1,653,481

		2020	2020	2019	2019
		Unrestricted	Restricted	Unrestricted	Restricted
		Fund	Fund	Fund	Fund
		£	£	£	£
Other	Debtors	2,928	-	2,532
VAT		16,563		12,618
		19,491	-	15,150

Amounts Falling Due within One Ye	ar	ar
	2020		2019
	Unrestricted	Restricted	Unrestricted	Restricted
	Fund	Fund	Fund	Fund
	£	£	£	£
Trade Creditors		-	5,001
Other Creditors	26,105	-	13,628
Accmals	2,500		2,000
	28,605	-	20,629