| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees | and advisers | ||
| Trustees' report |
2-5 | |||
| Independent auditors' |
report | on the financial statements | 6-9 | |
| Statement offinancial | activities | |||
| Balance sheet | ||||
| Statement ofcash flows | 12 | |||
| Notes to the financial | statements | 13-20 |
| Trustees | Hugh Patrick | Murphy | Murphy | |
|---|---|---|---|---|
| Margaret Ann |
Murphy | |||
| Robert Henry | Smith | |||
| Paul Tiernan | ||||
| Mary Agnes Middleton | ||||
| Patrick Hugh | Murphy | |||
| Joseph John | Murphy | |||
| Charity registered | ||||
| number | 1053956 | |||
| Principal office | 1 Westmoreland | Avenue | ||
| Thurmaston | ||||
| Leicester | ||||
| LE4 8PH | ||||
| Independent | auditors | Magma Audit | LLP | |
| Chartered Accountants |
||||
| Unit 2 | ||||
| Charnwood Edge Business Park |
||||
| Syston Road | ||||
| Leicester | ||||
| LE74UZ | ||||
| Bankers | Barclays Bank | Pic | ||
| 1-3Haymarket | Towers | |||
| Humberstone | Gate | |||
| Leicester | ||||
| LE1 1WA | ||||
| Solicitors | Crane &Walton | LLP | ||
| 24 De Monffort | Street | |||
| Leicester | ||||
| LE1 7GB |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2022 | |||
| Note | E | 5 | |||
| Income from: | |||||
| Donations and legacies |
3 | 706,250 | 706,250 | 343,750 | |
| Investments | 4 | 182,951 | 182,951 | 120,047 | |
| Total income | 889,201 | 889,201 | 463,797 | ||
| Expenditure on: |
|||||
| Charitable activities |
847,556 | 847,556 | 432,945 | ||
| Total expenditure | 847,556 | 847,556 | 432,945 | ||
| Net income before | net gains on investments | 41,645 | 41,645 | 30,852 | |
| Net gains on investments | 110,140 | 1'l0,140 | 30,198 | ||
| Net movement in funds |
151,785 | 151,785 | 61,050 | ||
| Reconciliation offunds: |
|||||
| Total funds brought | forward | 3,392,715 | 3,392,715 | 3,331,665 | |
| Net movement in funds |
151,785 | 151,785 | 61,050 | ||
| Total funds carried | forward | 3,544,500 | 3,544,500 | 3,392,715 |
| FOR TH | E YEAR ENDED 31 MARCH 20 | 23 | |
|---|---|---|---|
| 2023 6 |
2022f | ||
| Cash flows from operating activities |
|||
| Net cash used in operating activities |
(152,094) | (4,916) | |
| Cash flows from investing activities |
|||
| Dividends, interests and rents from investments |
182,951 | 120,047 | |
| Net cash provided by investing activities |
182,951 | 120,047 | |
| Cash flows from financing activities |
|||
| Net cash provided by financing activities |
|||
| Change in cash and cash equivalents in |
the year | 30,857 | 115,131 |
| Cash and cash equivalents at the beginning |
ofthe year | 1,302,610 | 1,187,479 |
| Cash and cash equivalents at the end of |
the year | 1,333,467 | 1,302,610 |
| The notes on pages 13to 20 form part ofthese financial statements |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2022f | |||
| Donations | (including | income tax recovered) | 706,250 | 706,250 | 343,750 |
| Total 2022 | 343,750 | 343,750 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2023 | 2023 | 2022 | ||||
| 5 | 6 | 5 | ||||
| Dividends | receivable | on unlisted | investments | 180,000 | 180,000 | 120,000 |
| Bank interest receivable | 2,951 | 2,951 | 47 | |||
| 182,951 | 182,951 | 120,047 | ||||
| Tolal 2022 | 120,047 | 120,047 |
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2023 | 2023 | 2022 | |
| 6 | 5 | ||
| Grants (see note 6) | 844,964 | 844,964 | 430,6f2 |
| Total 2022 | 430,612 | 430,612 |
| 6. | Grants to institutions | F | OR TH | E | YEAR | E | NDED 3 | 1 NIARCH 2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022f | |||||||||
| An analysis ofthe payments | made | in the year is as follows: | ||||||||
| Conferencia Epicopal de Costa Rica |
306,920 | |||||||||
| Consolata Fathers (Makiunga |
Hospital, | Tanzania) | 100,000 | |||||||
| Don Bosco, Sri Lanka (Junior | Seminary) | 80,000 | 37,000 | |||||||
| Fellowship and Aid to the Christians |
ofthe East | (FACE) | 80,000 | |||||||
| The Secunderabad Don Bosco, Navajeeban |
Society | 65,000 | ||||||||
| March For Life UK | 50,000 | 50,000 | ||||||||
| The Good Counsel Network |
50,000 | 50,000 | ||||||||
| The Little Sisters ofthe Poor | 35,000 | 10,000 | ||||||||
| Leicester Hospitals Charity |
30,000 | |||||||||
| Mary's Meals | 30,000 | 20,000 | ||||||||
| Loughborough Schools Foundation |
29,640 | |||||||||
| Don Bosco, The Hydrabad | (Muniguda | Hostel) | 25,000 | |||||||
| InterCare (ongoing support |
to | supply | healthcare | in Africa | n countries) | 20,000 | 20,000 | |||
| Let The Children Live! |
20,000 | |||||||||
| Marie Curie | 20,000 | |||||||||
| Precious Life |
20,000 | |||||||||
| Steps Conductive Education |
Centre | 20,000 | ||||||||
| Holy Cross Priory (Frassati | Centre) | 15,000 | 25,000 | |||||||
| Consolata Fathers (Education | project | in Nairobi, | Kenya) | 10,000 | 11,000 | |||||
| Rainbows | 10,000 | |||||||||
| African Mission | 10,000 | |||||||||
| The Air Ambulance Service |
5,000 | |||||||||
| LIFE2009 | 5,000 | |||||||||
| St Patrick's Missionary Society |
5,000 | |||||||||
| Ratcliffe College Catholic Bursary | 4,404 | 4,612 | ||||||||
| Leicestershire and Rutland Blood Bikes |
3,000 | |||||||||
| 844,964 | 430,612 | |||||||||
| 7. | Support costs | |||||||||
| 2023f | 2022f | |||||||||
| Governance costs | ||||||||||
| Accountancy fees | 1,440 | 1,260 | ||||||||
| Audit fees | 1,080 | 940 | ||||||||
| Sundry | 72 | 133 | ||||||||
| 2,592 | 2,333 |
| 2023 6 |
2022f | |||||
|---|---|---|---|---|---|---|
| Fees payable | to the Charity's | auditor | for the audit ofthe Charity's | annual | ||
| accounts | 1,080 | 940 | ||||
| Fees payable | to the Charity's | auditor | in respect of: | |||
| All non-audit | services not included above |
'l,440 | 1,260 |
| Unlisted | |
|---|---|
| investments | |
| 6 | |
| Cost or valuation | |
| At 1 April 2022 | 2,162,480 |
| Revaluations | 110,140 |
| At 31 March 2023 | |
| 2,272,620 |
| 2023 | 2022 | |
|---|---|---|
| E | ||
| Other creditors | 19,689 | 15,452 |
| Accruals | 2,520 | 2,260 |
| 22,209 | 17,712 |
| 2023 f |
2022 |
|---|---|
| 39,378 | 54,663 |
| Stateme | nt o | ffunds - cur | rent year | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at 1 | Gains/ | 31 March | |||||
| April 2022 E |
Income E |
Expenditure E |
(Losses) f |
2023 F |
|||
| Unrestricted | funds | ||||||
| General | Funds | 3,392,715 | 889,201 | (847,556) | 110,140 | 3,544,500 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | Gainer | 31March | ||||
| 1April 2021f | Income f |
Expenditure | (Losseslf | 2022f | ||
| Unrestricted | funds | |||||
| General Funds | 3,331,665 | 463,797 | (432,945) | 30,198 | 3,392,715 |
| Analysis of n | et assets between funds - current year | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2023 | 2023 | ||
| Fixed asset investments | 2,272,620 | 2,272,620 | |
| Current assets | 1,333,467 | 1,333,467 | |
| Creditors due within one year | (22,209) | (22,209) | |
| Creditors due | in more than one year | (39,378) | (39,378) |
| Total | 3,544,500 | 3,544,500 |
| Analysis | of net ass | ets betw | een | funds - | prior year | ||
|---|---|---|---|---|---|---|---|
| Unrestncfed | Total | ||||||
| funds | funds | ||||||
| 2022 | 2022 | ||||||
| 6 | 6 | ||||||
| Fixed asset investments | 2 162460 | 2,162,480 | |||||
| Current assets | 1,302,610 | 1,302,610 | |||||
| Creditors | due within | one year | (17,712) | (17,712) | |||
| Creditors | due in more than one year | (54,663) | (54,663) | ||||
| Total | 3,392,715 | 3,392,715 | |||||
| Reconciliation of net movement |
in funds to net cash flow from operating | activities | |||||
| 2023 | 2022 | ||||||
| 6 | 6 | ||||||
| Net income for the year (as per Statement | of Financial Activities) | 151,785 | 61,050 | ||||
| Adjustments for: |
|||||||
| (Gains)/losses on investments |
110,140 | (30,198) | |||||
| Dividends, | interests | and rents | from investments | (182,951) | (120,047) | ||
| Decrease | in debtors | 94,275 | |||||
| Decrease | in creditors | (10,788) | (9,996) | ||||
| Net cash | provided byl(used |
in) operating | activities | 68,186 | (4,916) |
| 2023 | 2022f | |||
|---|---|---|---|---|
| Cash | at bank and | in hand | 1,333,467 | 1,302,610 |
| Total | cash and cash equivalents | 1,333,467 | 1,302,610 |