Charlty r•gl$tratlon numb•r 1070773 FLEMING- DUN TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FLEMING- DUN TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truste•s Rev M Corcoran MHM Rev J Lindoro MHM Rev G Hastie MHM Rev BA Luna MHM Rev PAAmek MHM Charfty numb•r 1070773 Principal addrnsi Po Box 3608 St Jos8ph's Parish Centre CcKJkh8m Road Maidenhead SL6 7EG Independent •xamin•r Robson LahJlerAcL¥xJntants Limited Femwcmxl House Femwood Road JesnN)nd Newcastle upx)n Tyne Tyne and Wear England NE2 1TJ
FLEMING- DUN TRUST CONTENTS Pag• Trustees. report IndepeTrJenl examinerfs pOrt Stalemenl of financial aCtivitS Balan¢0 shfjet Notes to the financial slatsments
FLEMING- DUN TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present theff annual repcxt fin&81 slateffthts lor Ihe year ended 31 DeCern 2023. The trustoes have adopted th8 provisic of Accounting •KI Report1 by Charities: Ststement of RecMended Pr8cb"ce applic8ble to chanties wepann9 their acc(iunts in accordance wrth the Finan(ial Reporting Standard applicable in the UK a1 Republic of Ireland (FRS 102) (effgdivg 1 January 2019). Introductlon Under the terms of a y11 proved in the High Courl of New Zealand. Dunedin Reglsty on the 27th May 1975 and will proved in the High Court of New Zealand. Dunedin Registry on 4th June 1986 a Trust was formed. Thg inco from the funds held on the Trust V18 paid over to the Redor of Sl Joseph's College, Ild'll Hill to be applied by him in accordance wth the aims armj objethves of the TWSL In order to regul8iise the p)srtkJn in United Kingdom a separate charity wa5 registered on 30th July 1998 (No, 10707731 in which the funds coming from the Trust in N8w Zoaland could be aC1Unted fty. Tha investments and funds held on the TTust in New ZeaLand are not renected in these accounts. Objactlves and adivitles The principal objeclive ol the Trust is relief ol hunger among the children in the Mission ffield cA)nducted by St Joseph's soCtY for tho Foraign mS1onS in India, China and other Asian Cwntries. The Trustees have consuled the guidance made availatAe by the Charty Commission for England and Wal&s on the Public Benofil requirement of th8 Charities AGt. The Trustees are confident that they have corn1ed with their duly under the Charities Aci in thal they have had due regard to public benefrt gutdanc8 published by Iho Commission. Achl8vements and p•rf0rnneo Financial review Total inwme for the year was £34.516 (2022.. £34.737). Total costs for Ihe yew wEre £48,38012022: £46.660I. AI the y88r end the Trust had dosing resep4e8 of £46.714 (2022.. £60.578) all of which were cla88ed a8 unre3tri¢ted. The Trustees con8Kler that the present level of funding remains adequate lo support the conkn'nuation of the tharitys operations. The Trustees have the power to creato r960Nes to provKle income to fulfil the objects of the trust. The surplus for the year provide furKls for fulure years. Plans for future periods The charity will continue to givo grants to deser¥ing apleanI3. Structure, governance and management Th• charty 1$ wntrollod by its govorning doCUnL a deed of trust and (x)nslitutes an unincorporated chanty. The Iruslees served during the year and up lo the date d signatuwe of the financial statements wore: Rev M Corcoran MHM Rev J Lindero MHM Rèv G H8slie MHM Rev 8A Luna MHM Rov PAAmok MHM
FLEMING- DUN TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Organi8alional 51ructuro Under the terms of a deed of arpjntment d8t8d 10 D8cwnbor 1998, Sainl J08ephs S(Ki8ty for Forgign Missions Mill Hrfl Incorporated was apwnted as sola Trnstee of the charity. From 8 March 2012 thè company thanged its name to the Charity lor Sl Joseph's Society (Generalate) and was registered as a charity on 17 September 2012. The truslees of this GLpanY are appointed by Ihe Superk?r General who is the Chairman of Ihe Board of Trustee3. Tha trustees. report was approved by the Board of Trustees. Rgv M cor[an MHM Trust0•
FLEMING - DUN TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FLEMING - DUN TRUST I report to the INstees on my exanmnation of the fm8nci818181ements of Flenwng - Dun Trust (the charity) for the year ended 31 DecAmber 2023. Responslbllltles and basls of r•port As the trustges of the chanty you ar8 responsible for the praparation ol finaKial stalaments in accordance wilh the requirements of the Chan'ts'es Act 2011 (the 2011 Act). I report in respect of my examinalion of the charity's financial statements wied out under section 145 of Ihg 2011 Act. In carrying out my èxwninab(M I have loll(Aved all the applicable Direc1K$ given by the Cherity Commission undor seclion 145(5){b) of the 2011 AGI. Independent examlnefs statement I have completed my examination. I confirm that no matters have come to my attenti in connection with the examination giving Me cause lo bel*v6 th81 in any m8terial respect.. accounting records were not kept in respècl of the chanty as requred ty section 130 01 the 2011 Aca; or the financial stalemgnts do not aGGord thosp reccyds.. or the financial st81ements do not compty with the applicable requirements C¢)ncerning the form and conlent of accounts set out in the Charit185 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue aThJ fair view which is not a matter conSided as p8rt of an independent ex8mination. I have no concems and have come across no olher matters in (x)nneclion with the examination to whlch attention sh uld be drawn in this report in order to enable 8 proper urlderstsnding of financial stAtements lo be reached. Nicholas Cunningham FCCA Robson LaidlerAccountants Limiled Fernwood House Femwood Road Jesfflond Newcasuè upon Ty Tyne and Wear NE2 1TJ EngtAnd
FLEMING- DUN TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unr•8trlct•d Unr•8trlct•d funds funds 2023 2022 Not•8 Incomo Irom: DonatnS and legacies 34,516 34,737 Totsl Incomo 34.516 34,737 Exwnditurn on.. Charitable aciivrties 48.380 46,660 Tolal exp•ndlturè 48.380 46,660 Net expfrnditur• and mov•m•nt In funds (13,864) (11,9231 Recon¢lllatlon of funds: Fund balances at 1 January 2023 60.578 72,501 Fund balances at 31 DeCemr 2023 46.714 60.578
FLEMING- DUN TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Nol•¥ Current assels Cash 8t bank and in hand 57.804 71,038 Cr•dltOT8: amounts falling due ¥iithin one year (11.090) {10,460} Not curr•nt a88•ts 48,714 60,578 Net assets excluding wlon liability 46,714 60,578 Th• funds of tM charlty Unrestricted fijnds 46,714 60,578 46,714 60.578 The financtal statements wem approved by the trusiees on ......... Rev M Corcoran MHM
FLEMING- DUN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policios 1.1 Accountlng conv?ntion The financial statemortts have boen preparad in aCtnC with ts ch8ritYs goveming d(Kumenl. th6 Charitses Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thgir acwunts in accordance with Ihe Financial Reportsng Slandard 8pplicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The charity is a Public Banefrt Entity as defined by FRS 102. The charity has taken atrrfantsge of the prlSK)n6 in the SORP fw chwili95 ap5Aying FRS 102 Update 8ullets"n 1 not to prepwe a Slatemenl of Cash FItrAs. These finanGial 8tstements are prepared in sterling (£ Monètsry amounts in these ffftan¢ial statements are rourKled to the newest L Thè fin8ncl81 statèments h8ve been prepared under the ts'sloficd cA>st u>nventi(m. 1.2 Going conc•rn Al the lime of approving the financial slatements, the truslees have a reasonable expgctstion that the ¢harity has adequate resource5 to continu8 in operational existence for the foreseeable ftjlure. Thus the trust80& continue lo adopl the going concem basis of accounts.ng in preparing the financial statemgllts. 1.3 Charltable funds Unrestricted fund8 aTe available for use at the dis(xetlon of the tntstees In furtherance of Iheir charilable obieclives. Rostridod funds are subjecl to 5peofic conditions by donors or grantors 8s lo how Ihey may be used. The purposes and uses of the ffjstrrted funds are set in the notes to the financAal stataments. 1.4 Income All income is recx)gni5ed in the Statement of Finanoal Activities once the tharity h8s entltlement to the funds. il is piobable that the in¢cxre will be recewed and the affKxml can be measured reliably. 1.5 Expendltur• Liabilrties are recognised as oxpondilufo as soon as there is a legal OT constructsve obligalion commith.ng the charity to that expendilure. It is probable thal a transfer ol economic benefits will be required in sottloment and the arnounl of the oblNJalion can be measured reliabty. Expenditure is accounted for on an ac(yuals b8sis 2nd has been classrfied under hoadings that aggregate 1 cost re18ted to the category. Where costs cannot be dlrectly Sttribuled io pkn'cular hèath'ngs they have been axal8d to activities a basis con8i81enl with Ihe use of resources. Granis offered subiect to condilions which have rK)t been met at the yaar 8nd date are noted as ommilment but aGGnd as expenditure. 1.6 Cash and cash •quival•nts C8sh and c4sh equivalents include cash in hand, desIts held al Gall with banks. other short-tgnn liquid investments with oNJinal maturities of Ihre8 month8 orloss, and bank overdrafts. overdrafts are shown within borrowings in 1rrent liabilities. 1.7 TaxAtlon The is exem0 from lax (m its thafitable adivlties.
FLEMING- DUN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng polleles (Conlinugd) 1.8 Forgign •xthang• Trans8clw)ns in curre118$ other than POLmds slorh'ng rO(XK at the rates of exthange Pfevailing al tha datas of the transactions. At each reporting end date, moneiary assets and liabililies that a denominaled in foreign currenrios are rgtranslatgd at tho rates prevailing the repO.rj end date. Gains and losses arising on translation in the period 8re induded in profft or loss. 1.9 Short lomi dobtor¥lcreditor8 Debtors and creditors with no intefe81 rate which are reeeivable or payable one y88r are recorded at transacllon price. Any loss arising from impamwnl are fecognised immèdiately in the Statement of Financial Actmties. Inconm from donallon8 and l•gaci Unr•strlct•d Unrnstslctèd funds funds 2023 2022 Donations and grts Leg8Ci03 receivab 34.516 33.677 1.060 34.516 34.737 Exp•ndlturn on ¢harilable a¢tlvltles Chaiilabl• actlvltles 2023 Charitabl• ac16vltlos 2022 Dlrncl ¢o$ts Grant funding of activities (808 IKJte 4) 47.750 46,000 Sharp ol support arKI govemance costs (see note 5) Support 630 660 48.380 46.660 Analygls by thnd Unrestricted hjnds 48.380 46,660 Grants payabl• Charltabl• activities 2023 Charitable acliviti98 2022 Grants to in$lilulions: Mission support 47,750 46,000
FLEMING- DUN TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payable (Continuod) Support costs allocat•d to 8cUvltlos 2023 2022 630 Analysed b•twe•n: Charitabla aclivrtigs 630 N•1 movom•nt In fund$ 2023 2022 The net movement in funds 16 Stated after drg(credIting). Trusl•es None of the trustee8 (or any pers( Ix)nne(*ed with them) r8c4ived any reffluneration or benefits from the charity during the year. Taxation The charity is exempl from taxalion on its adivitses because all its inrnme 1$ appliod for Gharitable purposes. Crndltors: amounts falllng du• wlthln om y•ar 2023 2022 Other credtt(X5 AGcTuals and deferyed income 10.520 570 9,860 11,090 10,460 10 Unrestrlcted funds The unrestricied lunds ol the charity comwse the unexpended balances ol donations and grants which are not subject to specrfic C(ditIOnS by donors and grantors as to how they may be used. These include designatod funds which have been sel aside out of unrgstricted funds by the trustees for specific purpos. At 1 January 2023 IomIng Resources •xpond•d At31 D•c•mbor 2023 General fund3 80.578 34.518 (48.380) 46,714
FLEMING- DUN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Unr•slricted funds {Contlnued) Pr•vlous y•ar. Al 1 January 2022 Incoming rosourc R•sour¢ •xpendod At31 December 2022 General funds 72,501 34.737 (46,660) 60,578 11 Related party transactlons Included In credltors is an amount of £10.520 (2022: £9,860) tr*ed ID Charity for St Joseph's Missionary Society (Generalate). a charity with common trusteos.