CharKty registration number 1073795 MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
MISSIONAIUES OF CHARITY OF MOTHER TERESA OF CALcITfTA TRUST LEGALAND ADMINISTRATIVE INFORMATION Trnstees Sr M Imelda SrAncilla Mari¢ Sr M Mariani Sr H Incs (Appoinied I l June 2023) (Aptted 7 November 20231 Charity Thumbtr 1073795 FricIpal address 177 Brdvington Ro London W9 3AR Awditor Richard Place lb50n Serviccs Limiicd Ground Floor 1- 7 Station Ro Crdwl¢y West Swex RHIO IHr
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST cowrENTS Pgge Trustees, rert Statement of trustees, reSnsIbilItieS Independent auditoffs rep)rt St&ement of financial Èctiviti&s 10- li Balance sheet 12 Ststement of c&qh flows 13 Noles to the financiat statemcnts 14-22
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST TRUSTEES, REPORT FOR THE YE4R ENDED 31 DECEMBER 2023 The ITr¢¢5 pr¢5ent their annual rep)rt a)d finaJJcial stat¢rnents for the Y ended 31 December 2023. The financiat statements hav¢ been prepared in accordance with the aGcounting w)licAes set out in note I to the financia] ststements ond comply with thc charity's deetl the Charities A 2011 and 'Accounling and Reporting by Charities: StateEnent of Recomrnended Practice applicable to tharlties preparing their accounts in accordance with th¢ Financi Reporttng Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l JanuRry 2019). Objectives and xetivitits The main objects of the charity ar¢: l. The relÉef of poverty. 2. Where applicable. the advancement of reltEiO 3. The advan¢ement of education. 4. The relief of the old and sicL 5. General Chlble work ivherever such work is oeeded throughout the world. The Chartty undertakes various activities to achieve its main objectives: - The relief of povety through 50up kitchens. hostels for homeless men and wom¢n, ntght soup runs. gro¢erie$ provided for faJnilies every we¢L distribution of clothing and toilctries. - WheTe applicable. the advancement of Tcligion through catechdic21 progr¥mm¢s for children and adults. - The relief of the old and the sick through visits at hnme and to hospits]s. - CFeneral charitsble WOTL such a4 summer schemes for children and youth clubs and visits kn families. Public bellefrt We have referyed to the guidelines In the ChaTity Commission's gener guidan¢e on Public Benefit when reviewing our aims and objcctives in planning our firture aetiViti¢s. In particular. the trustees consider how pla[ed activities will contribute to the aim5 and obje¢tives they have seL page I
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YE4R EIVDED 31 DECEMBER 2023 AchieVeMets and perforniaDC¢ The Sisters are increasingly working wÉth refugees. tn addition. monie5 have been sent either via the European main office in Rome or Via India to supwjrt overso8 projects in Asi& AfrÉc& South Ameri and Eastern Europe. This monty ts used in: - medical dispenwtes. mobile clintcs and Icpm5ariums: - hom¢3 for the dytJJ& urphanages. home5 and hostcls for the homcles& fe&Jing e£ntr¢s and soup kitcheng; - slum schools. typing and gu+'ing cla55es. The charity does not undertake any fundraising acttvities. To better explain the activttics ofthe Chartty. herewith are the statiSti¢5 of our activities for 2023: - dry ntliong dtgtributed to fomiliu and iJidÈviduaTs In need (l J brdnch houses)." 1357 Tations - mea]s served in the soup kit¢hen (9 branch house51: 58.213 rneaIs - mealslsnacks Served on the Street or at the door." 569 mekls - Hostel$ for homeless menlwomen (5 brdnch houses) - persons admitted durtng the year.. 372 Fersons - persons discharged during the year.. 351 Fwons - persons at preseni st4ying with ils-. 69 persotL* The Sisters organised a number of Othings for familTes. childreJL the elderly the home1¢ and also caEried out many social visits during the year= family visiting.. 958 families shut-ins Ytsiting- 10?8 persoAS - a nursing hornes: 198 persons ?-1 hospitals= 114 patients - 2 Prison.. 405 Person - streetslpark visiting.. 880 persons - monetary relief givcn.. 333 persons Pre aration for the recc tion of the saffimcnts - Baptism= 10 p¢rsons - Confession.. 257 person5 - First Holy Communion.. 78 p¢r50rk8 - Confirn]ation.' 16 persons - First Confession= 8 I persons -Anointing of the sick.. 4 person The Sisters rdn a number of Catechism ¢entres throughout the year. 4 of those were for the Cgtechises of th¢ Good Shcpherd uiiended by 94 cMIdrw 10 sunday schools for children att¢nded by 148 thildren: 3 Public schools attedned by 250 children and 5 Summer camps were attended by 19) childreD. 50 I Catechism for adults were attended by 29 persons and 21 group pilgrimages M'ere anended by 1,150 persons. The siste continue their work for children aDd adults by: - 3 rosary group5 for 40 m¢mb¢TS: 8 prayer group for 9? person5- - 2 bible study groups for 47 persons" 14 retreat group for 610 persons" - 5 adordtion groups for 40 persons; - 4 groups of Holy Mass for 99 pusons" - Holy Comrnunion taken 10 the Sick and Housebound for 44 perso - Consereation of familie$ to the sacred heart for 28 families" - Families ¢onsecNed to the Imrnaculate HeartlDivinc Mercy for 169 perso - Pilgrirn Statue of Our Lady brought to families and House Blessings for 376 fatnilies: - Lay Missionaries of Charity and l Thirst Movement: 4 groups for 3) peID$ page ?
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST TRUSTEES, REPORT (CoNTD) FOR THE TrEAR EIVDED 31 DECEMBER 2023 Southwark This community haq a temwjrdry night sh¢lter for hom¢less men. They F¢gan to accommod&¢ up to 20 mcn this year. They provide Nio meals a da) for the mej) as well &8 for their basic necessities. run a soup kitchen three day5 a week providing 13.752 cooked meals. As well as take car¢ of the spiritua] needs of the p)or Such as proving opportuntties for the reception of tbc sacrdmcnts and days of prayer. thcy go out vi*itins. They visit familip.g. ghut-ing 2nd thosc in 1105vits and the nursll homes. The) a]so visii the tx)or/drug addicts in the parks and provided rnonetary relief for 9 pcrsoD& visiting the families. they bring the Pilgrim Statue of Mary. This conm]unity runs a sollp kit¢hen two day5 a week prnv1di 3.890 meals. As they do not a hostel they ar¢ able to go Dut and do more visiting. A marn ap)stolate is providing the Pilgrim Ststue or Mary to families being visited 11861. The Si.%t&rs pick up children aDd adults fur the Holy Ma$5 each week and bring Holy Communion to the sick and elderly. Th¢y also teach Catechtsm in the lo parish (55 ehildrenl a 5LtTnrner progrdTnme for the childrcn. The Sisters visit the ho5pitsI, familie& shut-ios and persons in the parL They provide the opportunity for our poor pcople to take a bath and have a new set of clothes. This Ye they provided monetary relief for 24 peTsoDS. They pmvide thy rnt&ons throughout the year tt> those who come io the Live This communtty runs a hostel accommodating up to ten men at a ttme. They pmvide meals a dav and for the b2sic needs of the residents. They also have a soup kitchen that provides a cooked meal to 3,494 persons. The Sisters prepar¢ dry rdtions to 142 families and a rneavsnack to those who come to the door. They visit hospitals. nursing homes. families and 5hut-ins. The Sisters teach C&echism to adu]ts and provide Good Shepherd Catcch¢sis for chtldr¢n (39) throughout the year. Fioalleial revie The Statelnent of FinanciaI Activlties on page 10 shows net income of £1.088.849 (202?: net expenditure of £72.807). A150 shown on page I l thc UK charity ha8 been able to contrfftbute £406.i71 {20a? _ £20.1)00) lo the worldwide activittes of the Missionarics of Charity. The Constitutions of the Order stste 'w¢ will depend on donatiotLS in cash or in kind and 'we wi]1 not worry about tomorrow, but live the piesent moment intensely with complete tTUSt in Cd,. Hen¢< frce reserves in excess of immedi¢ needs are forw to Rome on a six monthly basis. The fErture plans for thc charity involve cwing oj) the good work. they are doing in the communÈtics that th¢y currently serve. page i
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YE4R ENDED 31 DECEMBER 2023 Strucknrel governance and m#Dage]nent The chlty controlled by its governing do¢umenL a deed of trusi and coltuteS on unincorporated charity. The trnst¢es who s¢rved duTing the year and up to the date of s]wte ofthe financial statements w¢rc: Sr M Lhanta] Sr M Imelda SrAncilla Marie Sr Mary Siella Sr M Mariani (Resigned I l June ?023) (ApW)1Dt I l June 2023) The ttppointments arc tu br conflnncd & the charity's Annua] Gencral Meeting. Changes in appointments may taLe place either * a me¢ting of which minutes are taken or by the Regionai Sup¢rior Si1ng a forni of appointment. Risk mallagtmtnt The trustees have examined the major strategic. business and operational risk5 which the chartty faceg. A fvll risk rcgi5tci lJ<th Ixxn pmduced and Is teing reviewed annvally to ensure system5 are in pl&e lo mitigatr the risks identified. A major risk identified was the safety and security of the sisters in their work environm¢nL this has been mitigated by means of carrying out full asse55ments of kneftciaTies before being accepted into hostels. The charity also complies with Health and Safety Regulations and has local council checks carried out under its Houses tn Multiple Occupation Licence. The charity's accounting and recording procedu5 are dictated by its Mother House in Calcutta A Bursar within each House is Th)milted and she is responsible for the day lo day nuthing of the charity together with the Hous¢ Superior. On l May 2000 the charity took over the assets and liabilitics of the charity 'Missionaries of Charity,, registration number 262578 which ha5 sin¢e been removed from the Charity Commission register. This charity is now mort commonly kJn as th¢ 'Missionari¢s of Ckwity,. The charity h&8 taken on the responsibility for aIl operations of another charity. 'Co-WOTkers of Mother Teresa,. This chlty was set up under a cotLstitirtion dated ?2 June 1999 but was removed from the Charity Cojnmission register in 2000. when il caTn¢ under the management of this charity. All funds collected by them are sent direct to the UK hcad office in Bravington Rood and are accounted for by this Chity amd are subject io the same ruwjcial cnntrol. The e¢s, report was approved by the B0d of TnL£tees. Srm Imeld Tnjstee Dated..
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST STATEMENT OF TRUSTEES, RESPONSIBILfTIES FOR THE YE4R EIVDED 31 DECEMBER 2023 The trustees are responsible for PrepIng the Trustees. Rew)rt and the financial statements in accordance with appli(xbl¢ law and Untted Kingdom Accounting standd$ (United Kingdom Generally AcceptedAccounting Prnctice). The law applicable io charities in England and Wates requires th¢ Insiees to prepare fin8rAcia] statements for ¢ach financia] year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of Tesoure¢s of the ¢harity for thatyear. In preping these financial statements. the truste¢s arr required to: - $el¢ct suitable ac¢ouniing lIcIeS and then apply them consistent]y' - observ¢ the methods and principles in th¢ Charities SORP. . make judgcm¢nts and elm¢S that are rea90nable and prudcni - State whether applicable accounting staTthrts have been followe subject to any material departLftt disclosed and explatn¢d in the financia] SNements' and - pr¢pare the fman¢ial statements on the going concern basis unless it ts inapwriate to Pffsume that the charity will continue in operdtio The trustces are regwnsible for keeping sufficient accounting records disclose with reasonable accury any time the f]nancial position of the chlty and cnable them to ensure that the financial statements comply with the Charities Act 2011. the ChaTity IAccoLmts and Reports) Regulations 2008 and the provision5 of the trust deed. They are a]so responsible for safeguarding the assets of the charity and hence for tsking re&8onabl¢ steps for the prevention and detection of fraud and other irregul1tieS. page i
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MtSSIONARIES OF CHARITY OF MOTHER TERISA OF CALCUTTA TRUST Opinion We have audited the fInancia] statem¢nts of Missionaries of Charity of Mother Te of Calcutta Trust (the 'charity') for the year ended 31 December 202) which comprtse the statement of finla1 activities. th¢ balance sheeL the ststement of cash flows and notes to the financihl staternen includirkg significant accouMing policies. The financial reporting framework that has be¢n applied in their prcparation is applicable law and United Kingdom A¢countinE Stsndards. including Financia] Reporting Standard 102 The Financial Reporting Siothrd opplicubk ip? ihe UK and Republic of Ireland (United Kingdom Genernlly AeceptedAccounting PTactic¢). In our opiniorn the fnancial statements.. give a true and fair view of th- stafr of th¢ chtirity's affairs &8 at 31 December 2023 and of its incoming re50urce5 aod application of resource5: foT the year then ended; have been properly prcpar¢d in wjrdance with United Kingdom Genern]lyAccepted ACco]ng Practice. and have been prepared in accorda21¢e with the requtrements of the CharitiesA¢t 2011. Basis for opinion We conducted ow audit in accordancc with Intcrnationa] Standards on Auditing (UK) (ISAS (UK)) applicable law. Our resptrnsibilities under those standards Bre further describ¢d in the Auditor's respoTuibilities for ihe oudil tsf the finoncial siatements section of our repoTL We att inderthdent of the charity in accordance with the ¢thical requirementg that are relevant to our audit of the f2nancial stsi-ments in the UL Inclding the FRC s Ethical Standard. and we h&Ye fu]fJlled our other ethical reswnyibiliries in accordance with these reqU1Ments. Wc believe that th¢ audtt eidenCe we have obtained is 5uffi¢ient md appropriate to provide a b&sis for our opinio Couclusions relating to going conce In auditing thc financial statements. we have concluded the Lty¢ of the going c{Jr basis of accounting in the PTepar•tion of thc financial statements is appropriat Based on the work we have perftsrnied. we have not identified any rnateri uncertainties Telating to evenis or conditions that. individually or collectively. may ¢ast si[fiCant doubt on the charity's ability to C4)nlinue as a gotng concern foI a period of at least twelve months frorn wh¢n the financial statements are authoriSl for issue. 0 responsibilities and the r¢sponsibAlities of the tnjstees with respect to going coneern are des¢Tibed in the r¢levant se¢tion5 f this reporL Other informatio The other inforn]ation comprises th¢ InfornilOn included in th¢ annual re[ othcr than thc financia] statements and our auditoy's rewrt thereon. The trustees resw)n5ible for thc other tnforn]ation contsined within the antLua] report. Our opinion on the financia] statements di>es Jx>t cover the other infomation and we do not express any forni of assurance conclusion theyeon. Our responsibility is to read the other infomiation and in (k)ing so, con5id¢r whcthu the other infomiation is rnaterially inconsistcnt with the financiat statements or our knowledge obtiined in the course of the aLTdit, or otherwise appe8Js to be rnateriallv misstst¢d. If we identify such material ineonsistencics or appamjt mater1 m?S$lateEnents. we ue r4uir¢d to determine whether this gives rise tts a ter[& mi55latement in the fmanciat statrments themselves. If. based on the work we hav¢ perfonned, we conclude that thete is amatcrta] misstsiement of this othu inforniation. we are required to report facL We have wthing to rq)ort in thTS red. matte on which we are required to report by exceptioll W¢ have nothing to report in r¢spect of the follow'ing matters in relation whtch the Charities (AOUnts and Reports) Regulatickns 2008 require us lo report tts you if. in our opinion.. the inforniation given in the finaJ]cial ststements is inconsistent Èn any mateTial Tespect WTth the tntstces. report: or sutTic2ent accounting records have not been kepl: or the financial statements not in agr¢ement with the accounting records: or we have not rece2ved the informatton and ¢xplanations wc require foT our audiL page 6
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES 0FMISSIONARs OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST Resptynsibilitits of trnstees As explained more fijlly in the ststement of t, rcsponsibilities. the trustees are reswnsible for the preparation of the financial statemenls and for being S&isfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparaiion of financiat Statements that are fre¢ from materia] misstatcmenL whether due to fraud or error. In preparing the financiai stktements. the tnMe¢s are ren]b]e for assessins thc chaJJty'J ¢ibility io contmue & a 8¢Jin8 iL)llLern. diselosm& &8 applTcable. matter5 related to going Gonccm and using the going concern basis of accounting unless the trustees ¢itheT intend to ceasc OP¢Taiions. orhave no realistic alternative but to do so. Auditor's responsibilities for the Audit •f the fjnancial ststemeuts We hAve been appointed &s auditor under section 144 of the Charitie5 Act 2011 and rew)rt in aCrdance with the Act and relevant regulations made or having effect thereund¢r. Our objective5 are to obtain reawnable a5SLtr¥J)ce aFx)ut whether the fEnancial st&cments as a whole are free from material misstatem¢nt. whether due to fraud or ern)r. and to issue an auditovs rew)rt that includcs our opinion. Reasonable assurance is a high level of a8surance but is not a gu8rnt¢e that an audit conducted in atrda1)e2 with ISA5 (UK) will always detect a material misstatement when it exists. Misstatements can lse from frdud or crKor and are Considered materiat if. individually or in the aggregate. they ¢ould reawnably b¢ exp¢cted to influence the economic decisions of users tsken on the basis of these financiat staternents. Irregularities. including frauiL are instrnces of non-compliancc with laws and regul*ions. The objectives of our audit e to obtain sufficient appropriate audit cvidence regarding compliance with laws and rcgulations that have a direct effect on the deterniination of material amounts and disclosures in the fujancaai ststanents. to perform audit PTocedures io hclp identify instances of non<ompliance with other laws and regulations that may have a materia] effect on the financiat .£tstp.rnents. 2nd to respond appropriately to id¢ntified or suspcctfX] tLlTrll-complian¢e with laws and regulalions identified durtng the audTL In relation lo fraud. the Obje]veS of our audit arc to identifv and assess the risk of matertal misstatemeni of the financial ststements due io fraud. to obtain sufficienl appropriate audil eyidcnce 83rdIng the assessed risks of material misststements due to fraud through designing and iMplemting appropriate res)nseS and to respond appropriately to fraud OT suspected fraud identified duTing th¢ audiL However it is the primary responsibtlity of ]nanagemenL with th¢ ovez5igbt of those ¢harg¢d witb governanc< to ensure that the entity's opemions are cOndued in accordanc¢ with the provisions of laws and r¢gulattons and for the prevention and detection of fraud. In identifying and assessing the risks of material misststemcni in respect of irregulariiies: including fraud. the audit engagement team made enquiries of managemenc and those charged with governanc< regarding th¢ procedures relating to identifyin& evaluating and complying wit. laws and regulations whether th¢y were &we of any instances of non-compltance" dete¢ting and responding to the risks of Id and whether thry have knowledge of any actt]aI, suspecfrd or alleged fraud: the intcrnai controls established to mitigate risks related to fraud or non-compliance with laws and regulations: As a r¢sult of these procedures we consider the rn0 significaut laws and regulatiOll5 that havc a direct impa¢t on the financial statements are FRS 102. Charities Act 2011 and the Charities Stateent of Reconunended Practice. We performed audit procedures to detect non-complignce, which mav bavc a material impact on the financial staternents. These included reviewing financial statemeni disclosures and ¢valualing advice received from external advisoES. There were no Significant laws and regulations we deemed as having an indirect impact on the finan¢iaJ statem¢nts. page 7
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MISSIO.NARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST The audil engagcment teaTn identified the risk of management override of contro15 as the area where the financial statements were most susceptible to materi2] missratement du¢ TO fraud Audit procedures p¢rfoThned included but were not limited to testing manual joumaI entries aEEd oth¢r adjusimcnts ond evaluating the rationatc itt reknion to any si]rICan¢ unusua] transactions and tra[CtIonS erLtered into olltside of the norn]aI course of busines& As a Ige portion of income is received through Icga¢ies. the audit engagem¢nt leam have highlighted complet¢ness of income ag an arca of SI1r7Cant risk Audit procedure5 perfom)td included but were not limiteLT to. agreeing the ba]ance in the accounts compared to the l¢£acy amount as w the fina] documentatron. A further description of our yesponsibilities is at?ilable on the Financial Reporting Council's websit¢ ai.. httpsjlwww.frc.o.Ukl auditorsresponsibilities. This description fomis part of our audil0rf5 re)TL Other matter5 Your attention is drawn to th¢ fact that the charity has preFared financiat stat¢ments in a£cordan¢e with "Accounting and Reporting by Charities: Siatetnent of Recottunended practi applicablc to charities preptiring thetr accounts in accordance with the Financia] Rworting Standard applicable in the UK and Republic of Iland (FRS 102)" (as amended) in preference to the Accounting and Re[rtIng by Charities." Statem¢nt of Rccommended Prdctice 2ssued on l Apyil 2005 whi¢h is referred to in the extsnt regulations but hag now been withdrawn. Thig has been done in order for the financiat statements to provide a and fair view in accordan¢e with cutrent Genern]ly A¢eeptcd Accounting Practic page 8
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MtSSIONARIES OF CHARITY OF MOTHER TERESA OF CALcirrTA TRUST Use of our report This report is made solely to the charity"s trustees. as a body. in accoTdance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit worL- has becn undertaken so that we might state to the charttys trustee5 thos¢ matters we are required to stste to them in an audiloFs rewrt and for no otherpu4)ose. To the lIest ext¢nt pern]itted by law. we do not accept or assume r¢sponsibility to anJ'on¢ other than th¢ charity and the ¢harity"s trusttrs as a body. foT our audit worL for this r¢porL or for the opinions we have fonned. Ricbard P14ee Dobson Seryites LiDyitid Ch*rtered AccDuDtants StstutoryAuditor Ground Floor 1- 7 Ststion Road Crawley West Susscx RHIO IHT Richard Place Dobson Services Limited are eligiTr)le for appoinknu)t as auditor of the ¢harity by virtu¢ of its eligibility for appointment as auditor ofa rnpany under section 1212 of the Companies Act 2006. page 9
MISSIONARIES OF CHARTfY OF MOTHER TERESA OF CALCUTTA TRUST STATEMENT OF FINANCIALACTIvrrIES INCLUDING INCOTrtE AND EXPENDITURE ACCOUNT FOR THE YE4R ENDED 31 DECEMBER 2025 Current flnancial year Uknrtstritted UDrestricted Restricted fuDds funds nd5 general 2023 Totsl T•tal 2023 2023 Notes 2023 2022 Intome from: Donations and legacie5 Investrnenis Other income 2.176.168 17.923 21.667 5.506 2.181,674 598.798 2.900 14,179 21,667 Totsl income 2,21i.758 5,)06 2,221,264 615.877 enditsre on: ChIlable activitie5 Religious servi¢es Overseas (JDnations 725.844 401,065 725.844 406,571 668,684 20.000 5506 Total charitable expenditure j,1?6.}9 5.506 -131415 688,684 Net i4comel(expendithre) f•r the yearl Net movement in funds 1.088.849 1.088.849 {72,807) Fund baiarLces at l January 2023 1.087.455 4.486.943 5.574,398 5.647,20) Fund ba14Dees at 31 De¢ember2023 2.176.304 4.486.943 6.663,247 5,i74.398 The statement of financial activities includes Ail sains and losses re¢ognised in the year. The statem¢Thi of financial activities itL¢lude$ a]1 gains and losses Tccognised in th¢ year. All incojne and expendittsre derive from continuing a1VItIes. page 10
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST STATEIIIENT OF FINANCJALACTIVITIES (cowfINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YE4R ENDED 31 DECEMBER 2023 Prior finallcial year Unrtstritted UnTrstrtrted Restricted funds fuDd5 funds general 2022 Totsl 2022 2022 ltttome from Dtsnations and legacies Investments Other income No 2022 591.134 2.9(KJ 14.179 7.664 598,798 2.900 14.179 Total income 608213 7,664 615,877 enditure on: Charitable actii'ities Religious services Overse&8 donations 668.684 12.336 668,684 20,000 7.664 Total charitable expendÉtu 681.020 7,664 688,684 Net ineome/(expenditsre) for the yearl Net movement in funds (71807) (72,8071 Fund ba]ance9 l January 2022 .160.262 4.486,943 5.647.205 FuDd balatt¢es at 31 Decembtr 2022 .087.455 4.486.943 5.574.398 page 11
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST BALANCE SHEET ASAT31 DECEMBER 2023 2023 Notes 2022 Fixed assets Tangible assets 12 4.564.000 4,575.132 CurreDt assets D¢btors C&sh at bank and in hand 13 199.041 1.996.954 71,012 954.908 CreditOTS: amouots falling due withill on¢ year 2.125.995 14 1.025.920 (26.748) (26.fi54) Net currejat assets 2.099.247 999.266 Total assets le&s current liabi]ih&s 6.663.247 5.574.398 The funds nf thp th2rity Unrestricted funds- general Unrestricted fid$- Des]lated fimds 16 2.176.304 4.486.943 1.087.45i 4.486,943 6.663.247 5.574.398 The financiat statements were appmved by the trustees OD ......... ..... . Sr M Imelda Trust¢e page 12
MISSIONARIES OF CHAIUTY OF MOTHER TERESA OF CALCUTTA TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Notes 2022 Cash flow5 from operating aetivities Cash gcnerated from operations 19 1.004.842 51.152 Investing *cttvities Purchase of tangible red assets Inve$th)ent incomc re¢eived (50.7191 17.923 (127258) 2.900 NÈt cash llsed illvesting activities (32.796) (124.358) Net used in fmaDeiDg activÈtits Net IncaSe/[deCa$t} in casb and sh equiYal¢Dts 972.IM6 (73.206) Cash and cash equivaIeDi$ at beginning ofy¢ar 954.908 1.028.114 Cash tgsh equivaltDts at ¢nd of yv4r 1,926.954 954.908 page 13
MISSIONARIES OF CIIARITY OF MOTHER TERESA OF CALCUTTA TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 DECEMBER 2023 Atcountillg policies Charity inforniatio Missionaries of Charity. of Mothcr Tesa of Calcutta 1% a charity set up under a twst de¢d and registered with the Charities Commission in England and Wales. 1.1 AttountiNg tonvention The financial slatem¢nts have been prepared in accordan¢e with 1h¢ charity's goveming docurnenL the Chariiies Act 2011, FRS 102 "The Financial Rwrting stand appli(able in the UK and Republic of lTelan I'FRS 102") and the Charities SORP "Accounting and RetKJrting by Charities: sernent of Rtcomrnended Pn¢tice applicable to ¢hartties preparing their accounts in accoIdance with thc Financial Rcporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January ?019). The charity is a Public Benefit Entity as defined by FRS 102. The fitiancial statem¢nts haye departed from the Charities IAccounts and Reports) Regulation$ 2008 only to the ¢xt¢nt required to provide a true and fair view. This departure has involv¢d following the Ststement of Recommended Practice for charities applying FRS 102 rather than thB version of the Statement of Recommended Pl¢e which is r¢ferred to in the Regulations but which since been withdraw Thc financial statements ar¢ prepared in Sterli which is the fimctional curren¢y of the charity. Monetary ajllounts in th¢se financial SteMents are rounikd to the ntrdf¢st £. The financial stateTnenis hav¢ been prepared under the historical c05t cOnvLtion. The principal accounling rx)licies opted ar set out below. 12 Gtsimg coneeT At the ti]ne of approving the finomcial stat¢rnen the trustees have a reasonable expectatton that thc chlty has adequate r¢50urc¢$ to contitkue in operational &¥i5tence for the foreseeable fTe. Thus the twstee5 conlitlue to adopt the going Concern basis of ac£ountitiB in preparing the fll]anc&a] Statements. 1.3 Charitsble funds Unrestricted fimds cay) be used in ac¢oTdan¢e with the charitsble objective5 at the discretion of the knJstr¢s. DesTgnat¢d funds ar¢ unrestricted funds earn)arked by the Trustees for partilar PLllPoS. Restrictrd funds can only be used for particul restricted purtx)scs withij) the objects of th¢ charity. R¢stri¢tion$ lse when Specified by the donor OT M'hen fimd5 are raised for ptirticulat restrtctcd purwJs¢s. Furth¢r explanatron of the nat(ue aJMI purpose of each fijnd is i])olvded in the teS to the finRncial statements. 1.4 Income All income is recognised in the Statement of FinanciaI A¢tivities once the charity has entitl¢ment to the fun(ts. i( is probable that the income will be rec¢ived and thc amount can bc m¢asured reliably. Donations and 5imil2r incoming resourcts iJ)¢ludcd in the y itl which they are receivable: which És when the charity b¢come5 entitIed to the resource. Legacy gtfts are Tecognised on ac by case basis following thc granting of probate when th" athninistrétor l executOT for the estste has cornrnu%Jicaied in writing Erf)th the amount and setttement date. tn the event that the gift is in the forn) of an assei other than cash or a financial &qset tradcd on a recogttised srock" excbange: recognitior* is subject 10 the va]ue of the beiftg rcliabl). with a thgree of re&sonabl¢ accwary and the tit]e to the asset being transf¢rred to the charity. page 14
MISSIONAIUES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTIhlJED) FOR THE YE4R ENDED 31 DECEJMBER 2023 Aecounting politi*s (Continued) The ¢harity is donated a largc aOUnt of food stuff #nd vario other consumables during the year from well wishers who SiSt the chariry. in conlinuing its chitable work& it is not possible io I'alue the arnount of non cash donations ieccived and accordingly thes¢ do]wtions in ajt Th)t included in the fuJancÉal stalcments. Income from inves(ments whRch comprises interest receivable is included in th¢ Stst¢ment of Financiat Activities. 1.5 Expenditure Liabilities are re¢ognised as expendilwe a$ 500n as there 15 a legal or con5tntctive obligation committing th¢ charity io that expenditure, Lt is probable that a traLffer of ¢conomic benefits will b¢ required irl settlement and the aount of the obligation can be rnred reliably. Expenditwe is cOunted for on an accruals basis and bcen classified under headings that aggregate all cost related io the (ztegory.. Where costs catllx)t be directly attributed to pani¢ular }IngS they have been a]located to activities on a basis consistent W'ith the use of resource& Religious services expendtiure r¢lat¢s to the cost of serving th¢ community. Overseas proj¢ct expenditu relates to montes sent over5ea8 to b¢ SFent on specific charitsble projec Support Costs are thos¢ funthions that assist the work of the charity but do Dot directty undertake cknitable activities. Supp)n costs include audit fecs. bank charges and legal fec& Thcse costs have been allocated between the different charitsble aciivities. The bases on which support costs have be¢n atlocated are set out in JK>te 6. 1.6 Taogibl¢ fixed assets Tangible fixed 1%sets are iDittaIly measured at cost aThJ subsequently measured at cost or va]uation, net of depreci&ion and any itnpairrnent loss&%. Land and buildings att shown at cost and have not been revalued. Tangible fixed assets otheT than fre¢hold land are stated at costs less depreciation. No depreciation is Chaed on frtthold propertv &8 the estimated residua] Value exceeds the cost and any depTeciaiion Ch would be immaterial. The tnJste¢$ have a capitslisation wlicy of£500. Freehold property Fixttwes, fittiEIES & equipment fotor vehicles Iyo straight IiDe 15Yo reducing baIan¢e 254/D Teducing balance Thc gain or l(>ss arising on the dispo of an asset is detern)ined the diff¢rence between the sa]c proceEds and thc C8rrying value of the asseL and is Tecognised in the ststement of finwial a¢tivitte 1.7 Impairnient Df ftt¢d a$sets At each reporting end date. the thlty reviews the caTry'ing amounts of its tangible ass¢ts to deieuniy)e whether there is any indication that those assets haTr'e sufFered an irnpairnient loss. If Y such indication exists, the recoverable amount of the ass¢t 15 estInted in order io detern)ine the cxtent of the irnpainll¢nt loss (if any). 1.8 Cash and casb ¢q1Valents Cash at bank" and cash in hand in¢lu(ks c&sh and gknrt lern] highty liquid investmetLts with a short maturity of three months or less from the date of opening the dep05il or Similar accounL page 15
MISSIONARIES OF CHARITY OF MOTHER TERISA OF CALCUTTA TRUST NOTES TO THE FINIINCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 DECE£llBER 2023 Accoknntillg policies (Continued) 1.9 Fioancial instrnments The charity only h&8 financia] assets aT firwic1 liabilities of a kind qua]ify as basi¢ fi]wKiè] instrurnents. Basic financial instruments aTe initially T¢cO]ISed at trans&tion valuc and subsequently measured at th¢ir sett]emcnt vU¢. Basicfintmciol ¢wets Other debtors 2TuI prepayments e recognised at the senlem¢nt 0[t due aft¢T any trade discount is oifered. Credirors are recognised where the charity ha8 a present obligation resulting from a past event that will probably result in the tratjsfer of fvnds to a third part). and the amount due to %ctt]¢ thE obligation can be mea9ured or estimated reliabty. Creditors alt norn)alty rewgnis¢d at their settlement amount after attowing for an>. discounts due. Derecognilion off Financi& liabilities are derecognis¢d wh¢n the charity's Contractu obligations expire or arc discharg¢d OF canc¢lletl l.lil Taxation The charity is eX)pt from t&K on its ¢harttable activjties. l.ll Foreign exchange Transactions in cwrenci¢s oth¢r than Ttli1 sterling are recorded at tELe Tatrs of exchange preyatling at th¢ dates of the transactions. At each re}rtIng end date: monetary &$5ets and liabiliti that are denomitLated in foreign currencies are retranslated at the rates prevailing on the Iewrting end date. GaiRb and losses arising on translation in the pEriDd are included in profit or loss. Critical #ceouoting estimates and jJJdgtments The preparation Df the financial statements requir trustees to make judgements. estiujates and assumptio that affect the arnounts reported for assets and liabilities as at the baIal¢ sheet date and the amounts rcported for income and expenditure dLtring the year. How'ever. the aature of estitnalion means that actual out¢omes could diffey frorn those estimat¢5. The main judgements and accouniing estimates included in th¢ accounts are: The ¢stitnated residtthl value of freehold pwerty is a)nsidered to bc in exces5 of cost therefore depTeciatiou is not charg¢d on frcchold propety. Donations and legacies fuJJds gtLepAI 2023 Total vesleted Restricted fUlS fund generaI hnds Total 21123 21123 2022 2022 ?022 Donations and gift atd Legacies Teceiv¥ble 315.369 1,860,799 506 5,(K)O 315.875 1.865.799 364.051 227.083 364.051 234.747 7,664 2.176.168 5.506 2,181.674 591.134 598,798 page 16
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST NOTES TO THE FINANCIAL STATEMENTS (coNfINUED) FOR THE YEAR EM)ED 31 DECEMBER 2023 Incorne from tnvtstmtDts Unrestricted UDrestrieted nds funds 2023 2022 Interest receivable 17,923 2,900 Other iDCOme UDrestrfftcted Ullrestrieted funds nds 2023 2022 Royaltics RehRtes 10,700 10.967 2.567 11,612 21,667 14,179 page 17
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE EAR ENDED 31 DECEMBER 2023 Charitable activities Religious servicts 2023 Over5eAs donations 2023 Totsl 2023 Rtligious services Overseas donatioD5 Totsl 2022 2022 2022 Dcpreciation and impairment Rates and water Insurdncc Light and heat Telephone Po3tQ8c and 5tatioI Medi¢al Food and household Clothing Chartty relief payments Funera] chaTges General expens&8 Repairs and Matntenance Fuel and Travcl expens¢$ Overseas donations 61.851 40,363 26.070 22.342 9,475 11.933 9,196 210.?83 IIJ05 18.289 173 123.074 19.767 120.34) 61.851 40,363 26.070 22.342 9.475 11.933 9,196 210.283 11,305 18289 173 123.014 19.767 120.343 406.571 65.193 37.176 24288 15.109 10.291 12.972 65,193 37.176 24.288 15,109 10,291 12.972 13,637 180.643 11.198 30,164 8.994 64.138 30,679 130.318 20.000 180.643 11.198 30.164 8.994 64.138 30.679 130.318 406.571 20.000 684.464 406,i71 1.091.035 634.800 20.0 654.800 Share of support C05t5 (see note 7) Share tsf governance costs (see notc 7) 1.721 1,721 1.189 1,189 39.659 39.659 32.695 31695 725,844 406.571 1.132,415 668.684 20.000 688,684 ADalysis by futtd UnTestried funds- geneTrl Restricted funds 725.844 401.065 5.)06 1.126.909 5,506 668.684 12.336 7.664 681.020 7,664 725.844 406,i71 ,132.415 608.684 20.uu 688,684 page 18
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YE4R ENDED 31 DECEMBER 2023 Support costs allocated to activities 2023 2022 Governance costs ,721 39,659 1.189 32.695 41.380 33.884 Allalysed between: Charttsblc activities 41.380 33.884 Net movement in fvnd5 2023 2022 The net movement in fimds is afier charginpJ(crediting): Fees payabl¢ forthe audit of the charitys fiDancia] statements Depree.iation of owned tanstblc fixed 11.830 65,193 61.851 Trustees None of the trnstees (or any persons connected with them) received any Temuneration during the year or were reimbursed any expenses during the year. The trustecs ate however also members ofthe community. Membo5 of the ComunIty are maintsÈned by the chlty and prcmise& mea]s and other liyiog expenses are patd by the ¢haritv 10 Employees The charity doe5 not employe¢ any staff II Txxgtioll The Charity is exept from tsxation on its activities be£ause all its income is applied for charitable PUryM)S¢S. page 19
MISSIONARJES OF CHARrrY OF MOTHER TERESA OF CALCUTTA TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YE4R EIVDED 31 DECEMBER 2023 12 Tangible fjxtd a$5ets FrtehowfJAtor fittiogs Motorvthitlts prnptrt). & equipmtnt Totsi Cost At l January 2023 Additions 4.367.519 731.950 50,719 104.819 5.204,?88 50.719 At 31 December 2023 4.367,519 781669 104.819 5255,007 Depreetation and impainnent At l January 2023 DepCIatiOn Cha in the year 130.576 428.898 53.066 69,682 8.785 629.156 61.851 At 31 December 2023 130,576 481.964 78.467 691,007 Carrying amount At 31 Decfmber 2023 4236.943 31KI.70i 26.352 4.564.000 At 31 December 2022 4.236,94) 30).052 4.575.1)2 13 Debtors Awounts f•lling due within on¢ year. 2023 2022 Other d¢or$ Prepayments and accrued income 168.915 30.126 44,486 26,526 199.041 71.012 14 Creditors: amounts falling due wRthiD one year 2023 2022 Ac¢rua]s and deferred in¢ome 26.748 26,654 page 20
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST NOTES TO THE FINANCIAL sTATE.ThNTS (CONTINUED) FOR THE Y£4R ENDED 31 DECEMBER 2(J23 15 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust $ubje¢t to Sl5r conditions by donors to JK)w they may be u5eiL Movement ill Trds Inco4JiDg Res(ttyr¢t5 Balalltt at exp¢Bdtd l JMDary1023 BaJ#D¢t xt l JaAu#ry 2022 Movemellt hnds IDCDtDlll¥ Bal#nce at JI D¢¢Èmber 2023 tipeided Spe¢ified donatioJ)s 7,664 (7.664) 5.506 (5,506) 17.664} 5.506 li.506J Specified donations are those where the donor has Teque5ted the proceeds be transfeThed to a chosen county or or¥anisation. Such dOnlon8 art tran$[err. without delay lo the chosen destiJ]atio 16 Designated fund$ The income funds of the chwtty include the followTng design&l funds which have been set astde out of unrestricted funds by the trustees for spccific purp)ses: MoveJD¢Dt i ds Movement ID ods ID¢Omimg T¢SOtsryts B¥laAce al l Jnu2ry 2on Balance 41 resoiiTces l Jllllary 2(123 B¥laDce 4t 31 December 2023 Property fimd Renovation nd 4.236.943 250.000 4.236.943 250.000 4.236.943 250,000 4.486.943 4,486.943 4.486,943 The Property fund represents the fi]nds ne¢essarily set aside for the chlS occupation of the 13nd and buildings. Th¢ Renovatioj) fimd represents fund5 sei &8id¢ to undenake r¢JKFvation work at the various houses. Page 21
MISSIONARIES OF CHARITY OF MOTHER TERESA OF CALCUTTA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 DECEMBER 2023 17 Allxlysrs of net assets b¢tweell hDds Unr¢5trirted DesigD*ttd funds ds 2023 2023 Restricted Dds 2023 Total 2023 Fund bojances Ai 3 1 De¢ember 2023 are represented by= Tpngible assets Curreni assets/{liabilities) )27.Oi7 1.849.247 4236.943 250,0(N) 4.564,000 2,099,247 2.176.304 4.486.943 6.663.?47 Unrestrtcted Desiwfrd fimds funds 2022 2022 Restrtcted fid$ 2022 TotsI 2022 Fund balances 31 Deccmkr 2022 are Tepre by.. Tangible assets Current asset&llliabilities) 338.189 749266 4.236.943 250.000 4.575.132 999,266 1.087.455 4.486.943 5,574,398 18 Related party transxetions Th¢re w¢re no dis¢losable related party traTaCtionS during the year (2022- 1M)n¢). 19 Cash generated from operations 2023 2022 sUTplu{defi¢it) for the year 1.088.849 (72.807) Adjustments for- Investment income recogntsed in sernent of financiaJ a1vItieS Depreciation and impairment of tangible f2x¢d assets (17.923) 61.851 (2.900) 65.193 Movements in worktng capitsl: (Incre2s¢)IdecTease in debwrs Increase in creditors (128.029) 94 53,027 8,639 Cash generdted frnm operdtions 1.004.842 51,152 20 Analysis of changes io et TndS Th¢ charity had rÈo matertat debt dwing the year. page 22