REGISTERED CHAIUTY NUMBER: 1002216
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
OUR LADY OF FIDELITY GEINEIL4L TRUST
Kentwell Associates Ltd
Accountants
13 H¢7mpden Road
Beckenham
Kent
BR3 4HD

OUR LADY OF FIDELITY GENERAL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7 to 13
D¢tail¢d Statcmcnt of Financial Activiti¢s
14 to 15

OUR LADY OFFIDELITY GEIYERAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees pr¢sent their Teport with the financial statements of the charity for the year ended
31 December 2023. The trustee5 hav¢ adopted th¢ provisions of Accounting and Reporting by Charities,.
Statement of Reconunended Practicc appli¢able to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2019).
OBJEcfivES AM) ACTIVITIES
Objectives and aims
The object of the tTU5t is promoting th¢ charitabl¢ work for the time being carried on, promote or supported
by the voluntary association of Roman Catholic women known as the Community of Our Lady of Fid¢lity.
Public beDefit
The Trustees have consulted the guidance made available by the Charity Commission for England and Wales
on the Public Benefit requirement of the Charities Act 2011. The Trustees are confident that they have complied
with their duty under section 4 of the Charities Act 2011 in that they hav¢ had due regard to public b¢nefIt
guidaJ]ce published by the ConlllliSSiOn.
ACHIEVE MENT AND PERFORMANCE
RevieTrv of the Year
During the year ihe Trust continued to provide financial support to the Congregation of Our Lady of Fidelity's
religious communities at Upper Norwood and Folk¢ston¢ and this support will continue in the future.
DuTing th¢ 2023 financial year, the Trust made a contribution of £124,21 O to Our Lady of Fid¢lity Convent-
Upper Norwood to cover maintenance and development costs of the Convent building and St Mary's Lodge. In
addition, th¢ Trust rcc¢iv¢d income from Folkestone Family Centre of £23,170 in the year, as well as repayment
of a loan from the Norwood Family Centre of £1,000.
Investment pojicy
The Trust's funds are invested by professionaj investment managers in narrower range and wider range
invcstments in ordcr to PTovide incomc to enable the trust to fulfd its charitable objectives.
FINANCIAL REVtEW
Reserves policy
It is th¢ policy of th¢ trustees to maintain sufficient reserves to ensure the smooth nu]ning of all ￿tiVitieS in
the event of a sudden loss of income. The reserves are kept at a level to finance the Charity's declared objectives
and support the charitable actiiiities and objectives of Our Lady of Fidelity Established at Upper Norwoo
London (245644), if required.. The reserves policy is being reviewed continuously.
Financial position of the Trust
The Charity's financial position is shown by the balance sheet on page 6 of the accounts and is considered
satisfactory by the trustees.
Pagel

OUR LADY OF FIDELITY GENERAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR E]YDED 31 DECEMBER 2023
FufuRE PLANS AND DETrTLOPMENTS
The TNst has supported the buildTng work5 and ongoing expenditure at Our Lady of Fidelity Convent
Upper Norwood. and theTrnstees believe this TNst willnow bein a position supportthemajority of its expenditure,
by means of additional rental income beingachieved.
In 2023, the Trust has made a furtheT contribution to Our Lady of Fidelity Convent Upper No￿00a of
£60,908.
The Trust will continue to support Our Lady of Fide]ity Convent Upper Norwood, London (245644) in the
post balance sheet period, however, the tTuslees are confident that this will significantly reduce in 2024 as all
building wodcs are complete at the Norwood Slte and income from letting has incTeased.
STRucfuRE. GOVERNANCE AND MANAGEMENr
Coverning document
Our Lady of Fideiity Charitable Trust is governed by a lrnst deed dated 4 April 1949 as varied by a scheme
daled 23 August 1990 by an Order of the Charity Comtnissioners dated 7 May 1992 and is regislered with the
Charity Commission, Charity Registration No 1002216.
Recruitment and appointment of new trustses
The tmstees, who served throughout the year are ]tsted on page l. Appointment of tTUStees is govemed by
the trust d¢ed- the trustees are authorised to appoint new trustees to vacancies arising throu¥) reSI￿atIOn
or death of an existing trustee.
Organisational 5tru¢ture
The Trust is administered by the Trustees. The trust employs no staff.
REFERENCE AND ADMINIST RATIVE DETAILS
R¢gfist¢red Charity number
1002216
Principal address
1 Our Lady's Close
Upper Norwood
LONDON
SE19 3FA
Trustees
Sister S Davey BA (Hons)
Father J Alappal
Sister M R Arakkal Trustee
O Oresanya
Independent Examiner
Kentwell Associates Ltd
Accountants
13 Hampden Road
Be¢kenham
Kent
BR3 4HD
Page2

OUR LADY OF FIDELITY GENERAL TRUST
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Solicitors
Pothecary Witham Weld
70 St George's Square
London
SWI V3RD
Principle Bankers
HSBC Bank PIC
Pall Mall BT&nch
69 Pall Mall
London
SWJY 5EH
Approved by order of the board of trustees on..
and signed on its behaIf by.
Sister S Davey BA (Hons} -Trnstee
Page3

INDEPENDENT EXAMIIYER'S REPORT TO THE TRUSTEES OF
OUR LADY OF FIDELITY GENERAL TRUST
Independent eJaminer'$ report to the trustees of Our Lady of Fidelfity Gener%1 Trust
I report lo the charity trustees on my examination of the accounts of Our Lady of Fide]ity General Trust (the
Trust) for the year ended 31 December 2023.
Responslbilities and basis of report
As thc charity trustces of the Trust you are responsible for the preparntion of the accounts in accordance with
the requirements of the Charities Act 2011 ('tbe Act).
port in respect of my examination of the Trust's accounts carried out undeT Section 145 of the Act and in
carrying out my examination I have fo]]owed all applicable Directions given by the Charity Commission
under Section 145(5)(b) of the Act.
Independent examiner's statement - matters of concern identified
I have completed my examination.
I have hIghl￿ted Matte￿ of con¢em in my report and would like to draw your attention lo note l in the financial
statements conceming the ¢harity'8 ability lo continue as a going concem. in relation to the achievement of
future cash reserves and forecasts.
staled in note A, these events or conditlons. along with the other matteTr set out in nole I, indicate
uncertainties exist that may ca St doubt on the charity's abiiity to continue as a going concem. but my Opillion
is not modified in respect of these matters.
I confum that no other maltcrs have comc to my attention that givc me causc lo believe that in any material
respect..
a ccountiT]g records weTe not kept in respect of the Trust as Tequired by Section 130 of ihe Act. or
the accounts donot accord with those records" or
the accounts do not ¢ornply with the applicable Tequir¢meDts concernin8 the fomi and content of a ccounts
set out in the Charitie5 (Accounls and Reports} Regulations 2008 other than any requirement that th¢
a¢¢ounts give a true and fair view which is not a matterconsidered aspart of an independent examinatiOJL
confirm that ilLere are no other matters to whi¢h your attention should be drnwn to enable a PToper
undetstanding 4)f the accounts to be reached.
Kanni Ramachandrdn
Kentwell Associates Ltd
Accounta nts
13 Hampden Road
Bc¢kenham
Kent
BR3 4HD
Date.. .............................................
Page4

OUR LADY OFFIDELITY GENERAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEIVIBER 2023
2023
Unrestricted
2022
Total
funds
funds
Notes
INCOME AND ENDOWMEwfs FROM
Donations and legacies
45,170
2,575
Other trading activities
Invesknent income
121.652
20.646
70.563
23237
Total
187,468
96,375
EXPENDITURE ON
Charitable aetivitie$
Charitable activities
160.727
137,021
Net sains/(losses) on investments
(613)
(6,588)
NET INCOMEI(EXPENDIT URE)
26,128
(47,234)
RECONCILIATION OF FUNDS
Total funds brought forward
1.287.988
1,335,222
TOTAL FUNDS CARRIED FORWARD
1,314,116
1.287,988
The notes forni part of these financial statements
Page 5

OURLADY OFFIDELITY GENERAL TRUST
2023
Unrestri¢ted
funds
2022
Total
funds
Notes
FIXED ASSETS
Tangible assets
Investments
1,124,066
108,206
1,124,066
142,523
1232,272
CURRENI ASSETS
Debtors
Prepayments and accrued income
Cash at bank
1.000
1,000
2,725
25,589
40,255
41,645
29,314
CREDITORS
Amounts falling du¢ within one year
(9,698)
(7,915)
NET CURRENT ASSETS
31,947
21,399
TOTAL ASSETS LESS CURRE
LIABILITIES
1200,325
1,287,988
NET ASSETS
1,200,325
1.287.988
FiTNDS
Unrestricted funds
io
1,200,325
1287.988
TOTAL FUNDS
1,200,325
1,287,988
The fmancial staternents were approved by the Board of Trustees and authorised for issueon
and were signed on its behalf by".
S L>dvey BA (Hons) - Trustee
M R knkkal - TTUSte¢
The notes fonn part of these financial statements
Page6

OUR LADY OF FIDELITY GENERAL TRUST
NOTES TO THE FINANCIAL STATEMEI¥4TS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparfing the financial statements
The financial statements of the Charity, which is a pub]ic ben¢fil entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102} 'Accounting and Reporting by Charities..
Statement of Recornmended Prd¢ti¢e applicable to ¢harities preparing their accounts in accordance
with the Financial Reportiug Standard applicable in the UK and Repubiic of Ireland {FRS 102) (effective
l January 2019),, Finan¢ial Reporting Standard 102 The Financial Reporting Standard applicable in the
UK and Repubb'c of Ireland, and the Charities Act 2011. The financial statements have been prepared
under the historical ¢ost convention, with the exception of investments which are included ar Mll￿et
value. as modified by the revaluation of certain assets.
The a¢¢ounts have been prepared under the historical cost convention with tbe exception that investments
are valued at market value.
The accounts have been prepared in Accordance with the Statement of Recornmended Practice..
Accounting and Reporting by Charities (SORP 2005) tssued in March 2015 and applicable UK
Accounting Standards and the Charities Act 2011.
The charity has taken advantage of th¢ exemptiOT] in Financial Reporting Standard No. I from the
Tequirernent to produce a cashflow statement on the ￿oUndS that il qualifies as a small charity.
Income
All income is reCO￿lsed in the Statement of Financial Activities once the charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabibties are recO￿lsed as expenditure as soon as ihere is a legal or constDJctive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefils will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure 15 accounted for on
an a¢¢rua Is basis and has been classified under headings that aggregate all cost related to the category.
Where costs cannot be dir¢ctty attributed to particular headings they have been allocat¢d to activities
on a basis ¢onsistent with the use of resources.
Tanglble fixed assets
Tan￿ble fixed assets for use by the charity are slated at cost less depreciation.
The r￿ebOld properties including the community house were professionally reva lued by Champion & Co
on 30 Juty 2014 and 18 March 2015 at £1,190,000. Since the last valuation. the￿ been severnl
improvements, with 2 properties and a pa￿¢1 of Jand being sold in 2018 and 2019. The remaining 2
properties are valued at £1,124,066 and the trustees confmn this is a fair vale.
No amortisation is Charged on tbe Community houses as it is the policy of the trnstees to maintain the
building to a standard that ensures that the residential value is not less than the professional or
tFUStees' valuation.
Taxation
The charity is exempl from tax on its Charitable a ctivities.
Fund aeeounting
The genernl fund comprises those monies which may be used towards meeting the charitable
objectives.
Page7
continued...

OUR LADY OF FIDELITY GENERAL TRUST
IYOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES - coDtiMued
Going concern
These financial statements are prepared on the going concern basis.
At 31 December 2023, the chaTity had a balance sheet sU￿lUS of £1,200,325. with £1.124,066
representing freehold land and buildings and a surplus for the year of £26,128.
The twstees have a reasonable expectation that the charity will contlnue in operdtional existence for
the foreseeable future assuming cuNent funding levejs and the management of expenditure. The Trust
has also provided support to Our lady of F￿elitY Convent Upper Norwood in both 2023 and2024 and il
is anti¢ipaled that this will reduce in the near future.
Conclusions relating to the gofing concern assumption- futur¢ performp4nce of the charity
Th¢ trustees have continued to develop new strategies to improve the perforniance of the chaIity. The
trustees are confident that the new strategies developed, between 2019 to 2023 wi]1 continue to asst8t
in i￿proVIng the balance sheet position of the charity. The current financial position of ihe charity is
suggesting a further decrease in rese￿es, but the trustees are confident that in spite of economic
difficultics this will be minimised and the position improved during 2024125.
CoDcIu5ion
Having reviewed the rnanagernent accounts and p]ans of the charity and having taken into account the
current and forecast perfomiance and level of support to Our Lady ofFidelity Convent (UppeT NoTwood)
the lrnstees be]ieve they have reasonable ￿OundS for stating that the charity has adequate TCsou￿cS to
continue in operational cxi5tcnce for the Foreseeable future and in spite of economic d]fr￿ultIeS. the
t￿StC¢S consider it appropriate lo prepare the fmancial statemenls on the going concern basis.
OTHER TRADING ACTMTIES
2023
2022
Pcnsions
S&laries
43,758
35,768
26,794
43,769
79,526
70,563
INVESTMENt INCOME
2023
2022
Rents received
Investment incorne
D6posil account intcr¢sl
20.428
4,925
218
16,756
6,335
146
25,571
23,237
Page 8
continued..

OUR LADY OFFIDELITY GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIKBER 2023
TRUSTEES, REMUNERATION AND BENEFITS
Thete were no tmstees, remuneration or other benefrts for th¢ year ended 31 December 2023 nor for
the yearended 31 December 2022.
Trustees, expenses
There were no trustees. expenses paid for the yearended 31 December 2023 nor for the year ended
31 December 2022.
COMPARAT IVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestricted
funds
INCOME AND ENDOWMENfs FROM
Donations and legacies
2.575
Other trdding activities
Investment income
70,563
23.237
Totsl
96,375
EXPENDITURE ON
Charitable g¢tivities
Charitable activities
137,021
Net gains on investments
6,588
NET INCOMEI(EX PENDITURE)
(47234)
RECONCILIATION OF FUIYDS
Total funds brought forward
1,335,222
TOTAL FUNDS CARRIED
FORWARD
1287,988
Page 9
continu¢d...

OUR LADY OF FIDELITY GENEIL4L TRUST
NOTES TO THE FINANCIAL STATEME]YTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
TANGIBLE FIXED ASSETS
Improvements
to
Freehold
pmperty
ptY>perty
Totals
COST
At l JaThuary 2023
Additions
890,000
234,066
1.124.066
At 31 December 2023
890,000
234,066
1,124.066
NET BOOK VALUE
At 31 December 2023
890,000
234,066
1,124,066
At 31 tkcember 2022
890,000
234.066
1,124,066
The trustee's consider that the va]ue of the fTeehold properties should continue at £1,124,066 at 31
December 2023.
FIXED ASSET INVESTMEIYTS
Unlisted
investments
MARKET VALUE
Ai l January 2023
Disposals
Revaluations
142.522
(28,875)
(5.441)
At 31 December 2023
108,206
NET BOOK VALUE
At 31 December 2023
108,206
At 31 Decernber 2022
142,522
There were no investrnent assets Qutside the UK.
Cost or valvation at31 December 2023 is represented by..
Un]isted
investments
Vaknatffton in 2023
108,206
Page lo
continued...

OUR LADY OF FIDELITY GEIYERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
DEBTORS: AMOLThTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
2022
Other debtors
1,000
1,000
CREDITORS: AiVIOUNTS FALLING DUE WITHJN ONE YEAR
2023
2022
Other creditors
9,698
7.915
10. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31112123
At 111123
Unrestricted funds
Oeneral fund
D¢%ignated Fund
163,922
1,124,066
26,128
190.050
1,124,066
1,287,988
26,128
1,314,116
TOTAL FUNDS
1,287,988
26,128
1,314,116
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Mov¢m¢nt
loss¢s
in funds
Unrestricted fund5
General fund
187,468
(160,727)
(613)
(26,128)
TOTAL FUf4DS
187.468
(160,727)
(613>
(26,128)
Page 11
continued...

OUR LADY OF FIDELITY GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
io.
MOVEMENT IN FUNDS - continued
Comparallves for movement in funds
Net
mov¢m¢nt
in funds
Transfers
bctwe¢n
funds
At
31112122
At 111122
Unrestricted funds
General fund
Designated Fund
212,534
1,122,688
(47,234)
(1,378)
1,378
163,922
1,124,066
1,335,222
(47234)
1287,988
TOTAL FUIWS
1,335,222
(47234)
1287,988
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricled funds
General fund
96,375
(137,021)
6,588
{47,234))
TOTAL FUNDS
96,375
(137,021)
6.588
(47,234)}
A curr¢nt year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
nds
At
31112123
At 111122
Unrestrl¢ted funds
General fund
Designated Fund
212,534
1,122,688
(73,362)
50,878
(50,878)
190,050
1,124,066
1,335,222
(73.362)
lJ14,116
TOTAL FUNDS
1,335,222
(73,362)
I,314,116
Page 12
continued...

OUR LADY OF FIDELITY GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows:
Incoming
rcsourc¢s
Resources
expended
Gains and Movement
lo&scs
in funds
Unre5trieled funds
General fund
283,843
(297,748)
87,267
(73,362)
TOTAL FUNDS
283,843
(297,748)
87,267
(73,362)
ii.
CAPITAL COMMITMENTS
In May 2021, the trust completed all works on one of the freehold properties held in Folkestone, and
the property is now fully let.. No work will commenc¢ on the second property in Folkestone until
funds allow and this will be supported by Our Lady of Fidelity Upp¢r Norwood, Imdon, by virtue of
the rental income being generated at the Norwood site, in the future.
12.
RELATED PARTY DISCLOSURES
The trust has continued to support Our Lady of Fidelity Established at Upper ￿T0￿00d, London (charity
number 245644) during 2023.
During the 2023 financial year, a contribution of £124,210 was made to Our Lady of Fidelity Convent-
Upper Nonvood to cover maintenance and development costs of the Convent building and St Mary's
At 31 December 2022, the Trust was owed £l,QOO by St Marys Family C¢ntr¢. This was repaid in
2023.
Page 13

OUR LADY OF FIDELITY GENERAL TRUST
DETAILED STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOME AIYD ENDOWMENrs
Donations and l¢gaci¢s
Donations
45,170
2.575
Other trading activities
Pensions
Salaries
23,758
35.768
26,794
43.769
59,526
70.563
Investment income
Rents received
Investment income
Deposit account interest
20,428
62,126
218
16,756
6,335
146
82,772
23,237
Total Incomlng r¢source$
l87,468
96,375
EXPE]YDITURE
Charitable activities
Sundries
Personal expenses
Professional fees
Premises expenses
Convent contribution
Bank charges
Portfolio management
Trnining fees
Trnvel
Stipend
Contribution to St Mary's
SubscTiPtions
Retreat costs
183
23,769
450
27.793
60,908
545
2.069
550
4,109
2,400
14.972
477
1,376
217
13,060
25,880
83.054
509
1,956
3.320
388
2.400
,527
72
140
139,601
132,523
Support costs
This page does not fonn part of the statutory financial statements
Page 14

OUR LADY OF FIDELITY GENERAL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Support costs
Governanee costs
Accountancy and legal fees
21,E26
4,498
Total resources expended
160,727
137,021
Net expenditure before gains and losses
26,741
(40.646)
Realiscd recognised ggins and losses
Realised gains/(losses) on fixed asset
invc8tments
(613)
(6,588)
Net expenditure
26,128
(47,234)
This page does not form part of the statutory financial statements
Page 15