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2022-12-31-accounts

Charity Registration No. 1075608

MARIAN FATHERS CHARITABLE TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

MARIAN FATHERS CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Fr Tadeusz Marian Byczkowski
Fr Andrzej Gowkielewicz
Fr Wiktor Gumienny
Fr Jacek Jaroslaw Rygielski
Fr L M Mazurek (Appointed 1 June 2023)
Fr E Zarzeczny (Appointed 1 June 2023)
Charity number 1075608
Principal address 1 Courtfield Gardens
Ealing
London
W13 0EY
Auditor Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Bankers Barclays Bank plc
53 The Broadway
London
W5 5JG
Bank of Scotland plc
33 Old Broad Street
London
EC2N 1HZ
Solicitors Pothecary Witham Weld
70 St George's Square
London
SW1V 3RD
Investment advisors CCLA
One Angel Place
London
EC4R 3AB
Insurance broker DE Ford
Poppleton Grange
Low Poppleton Lane
York
YO26 6GZ

MARIAN FATHERS CHARITABLE TRUST

CONTENTS

Page
Trustees' report 1 - 7
Statement of trustees' responsibilities 8
Independent auditor's report 9 - 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 29

MARIAN FATHERS CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their report and accounts for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019)

Objectives and activities

Principal Objects

The principal objects of the charity are as declared in the Trust Deed dated 22nd March 1999 "for the advancement of the Roman Catholic Religion as the Trustees shall from time to time with the consent of the Provincial think fit" (Clause 3 of the Trust Deed).

The long-term strategies set to achieve these objects are to ensure that the life of the Catholic Community and especially those faithful who rely on the pastoral ministry of the Marian Fathers Congregation is well supported and responsive to changing requirements and to generate and maintain sufficient reserves to ensure the longterm future of the charity.

Significant activities

These objects are promoted among both the Polish faithful living in the United Kingdom and worldwide and other ethnic groups through pastoral, spiritual and financial support. In achieving these aims the Charity works closely in co-operation with the Congregation of Marian Fathers worldwide, particularly with the Polish Province of the Congregation of Marian Fathers and also with the Polish Catholic Mission in England and Wales, and with the diocesan Bishops of England and Wales.

These objectives have been achieved principally by:

Beneficiaries of the charity include not only parishioners and members of the Divine Mercy Apostolate and Marian Helpers Association but also the recipients of aid from the many causes supported by the charity through contributions to among others are CAFOD, SPUC, CMRS Trust, Life Charity.

MARIAN FATHERS CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Public Benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The Charities Act 2006 requires charities to describe the benefit which is provided to the public. The Charity Commission has commented that "religion helps to provide a moral and ethical framework for people to live by and can play an important part in building social capital and community cohesion". The advancing of the Catholic faith and formation and spiritual support given to the people ministered by the Marian Fathers have many public benefits. It provides an ethical and moral code for society; it provides services of worship, public rituals and ceremonies; it contributes to the spiritual well-being of the public; it contributes to practical ways of addressing social needs and furthering other charitable purposes.

Achievements and performance

Marian Helpers Centre / Divine Mercy Apostolate

The Divine Mercy Apostolate of the Marian Fathers Charitable Trust is a community of the Christian faithful, gathered freely in order to attain spiritual benefits and charitable activity of the Church. The Divine Mercy Apostolate, taking care of the correct transmission of Catholic teaching and promoting the message of Divine Mercy, tries to respond to contemporary challenges facing man (moral and existential issues). The Divine Mercy Apostolate is active both in the area of spiritual and intellectual formation of its members, caring for the development of the cult of Divine Mercy and, so important in today's world, comprehensive formation. The Catholic approach to the formation of modern man is concern for his growth not only spiritual, but also human. Thus, we invest in the overall, holistic development of a person who, more aware of his needs and vocation in the world, can better realize himself and serve others.

The purpose of the Association is:

Membership in the Divine Mercy Apostolate is open to all the faithful - clergy, religious and laity - who in the spirit of the Marian Fathers, desire to more fully seek its assistance in striving towards Christian perfection. The Apostolate accepts members on a perpetual or temporary basis and admits others to share in the spiritual fruits of the Holy Masses, prayers, and good works of the Marian Fathers. Through our biannual magazine Messenger of Mercy, and various other materials, members receive information about the Marian family and are encouraged to strive for personal holiness. The Divine Mercy Apostolate organizes spiritual retreats and conferences. Services include the enrolment in the Association, novenas throughout the year, a mail order catalogue, overseas pilgrimages, and a variety of publications which inform members about the work of the Marians while promoting devotion to Divine Mercy, and the Blessed Virgin Mary. In 2022, as a result of pastoral activities in London parishes, 47 new members joined the Apostolate of Divine Mercy.

Publishing activity

In 2022, the Apostolate published and distributed, together with prayer appeals and formation materials, approximately 65,500 leaflets related to the message of Divine Mercy and other important religious events.

MARIAN FATHERS CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Novenas and appeals

In 2022, the following novenas and appeals were sent out to our members:

Novena for the Sick 2 -10 February

Novena to St Joseph 10 - 18 March Novena to Divine Mercy 14-22 April Devotion to Our Lady in May Devotion to the Most Sacred Heart of Jesus in June Devotion to the Precious Blood of Jesus in July Novena of the Assumption of the BVM 6 - 14 August Novena to St Faustina 26 September- 4 October Holy Rosary in October Holy Souls Appeal in November 2022 Christmas Novena in December Christmas Card Appeal Lottery Draw - Assumption of the BVM Lottery 15 August Christmas Lottery Draw in December

Pastoral activities

Retreats to Divine Mercy 2022 were held in the following parishes and communities in the UK.

January 2022 / St Matthews RC Church, Bradford BD15 7NQ; St George’s Cathedral, London SE1 7HY

February 2022 / St Anthony's of Padua RC Church , Oxford OX3 7SS

March 2022 / St Agnes RC Church , London NW2 1HR; St Saviour's RC Church , London SE13 6AA; Sacred Heart RC Church , London NW6 4PS; Tyburn Convent , London W2 2LJ

April 2022 / Our Lady of the Visitation RC Church , Greenford UB6 9AN; Pilgrimage to Shrine of Our Lady of Mt Carmel & St Simon Stock Aylesford

May 2022 / Cathedral Church of St Michael and St George , Aldershot GU11 2BY; Church of Mary Mother of God , Enfield EN3 7AR

June 2022 / 12 [th] National Divine Mercy Pilgrimage “The Merciful Lifestyle” to the Shrine of Our Lady of Walsingham; St Martin de Porres RC Church , Luton LU4 0NG

August 2022 / St John's Catholic Cathedral , Portsmouth , Hampshire PO1 3HG; St George’s Cathedral, London SE1 7HY; Pilgrimage to Shrine of Our Lady of Mt Carmel & St Simon Stock Aylesford

September 2022 / St Sebastian and St Pancras RC Church , London NW9 0NG

October 2022 / Most Precious Blood and St Edmund RC Church , London N9 7EN; St Georges RC Church , Wembley HA0 2QE

December 2022 / The Holy Child and St Joseph's RC Church , Bedford MK40 1HU; Immaculate Heart of Mary RC Church , London NW6 5RS; All Saints RC Church , London HA3 0UL.

First Friday Devotions are held at Our Lady the Mother of the Church RC Parish, Ealing and was regularly attended by a group of 60-80 people. This program includes Adoration of the Most Blessed Sacrament, Holy Rosary, Hour of Mercy, and Holy Mass.

First Saturday Devotions are held in the Apostolate Chapel of Divine Mercy, West Ealing comprising of a Day of Prayer with Our Lady. This program includes Morning and Evening Prayer, Holy Rosary, Holy Mass, Conference and the Hour of Divine Mercy. It usually consists of about 50 people.

MARIAN FATHERS CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Charitable activities

Thanks to the dedication of the Marian Helpers, the Apostolate could support the following charitable activities: - The formation of seminarians in the Polish Province of Marian Fathers

Ealing Religious House and the Parish

In 2022, the Marians from the religious house in Ealing, London, has continued to provide pastoral care to the faithful from the community of Polish immigrants and other ethnic groups. Priests have made every effort to provide regular services on Sundays, weekdays and ordained days, as well as additional service for a group of parishes in the number of needs.

In 2022, diseases related to the Covid-19 pandemic have been abolished. The average number of identifying engagement factors in Sunday Masses adjacent to about 2000. In the calculation of the actual year, online meetings were abandoned in favour of regular meetings to a greater extent. From June 2022, the broadcast of the Holy Mass is conducted only once a week and during special events.

31 children received the sacrament of baptism. An additional 101 children were called to First Holy Communion, and 50 young adults received the Sacrament of Confirmation. 60 couples took part in premarital courses.

The sick and the elderly were also covered with pastoral care. They were visited by the Marians in their homes,

hospitals and care homes (the hospital chaplain did not speak Polish).

In the parish church, priests held 35 funeral services. In addition, they accompanied 17 services at the crematorium. Priests also visited 350 families during their annual pastoral visit (January to March). Due to our rules (one priest visiting only one family every day) it was not possible to visit everyone Three rounds of retreats, processions in cemeteries and two festivals for children (Holy wings and Christmas Theatre) were organized during the year.

In connection with the celebration of the 350th anniversary of the Marian Fathers, a series of lectures was held in the branch. We repeated the series of thematic catechesis and put many videos on our website. In addition, weekly readings and podcasts were published on the website. An important accent was the promotion of the parish priest's book "The Book of God's Wisdom - Psalms" and the Religious Knowledge Course (online) in cooperation with the John Paul II Catholic University of Lublin.

The Marians and the Polish Parish were very much involved in humanitarian aid to the victims of the war in Ukraine. Three collections and two concerts were organised, the proceeds of which were donated to the needy through the Association of Marian Helpers and the Polish Catholic Mission.

We also launched three new initiatives in the Parish:

1) On the third Wednesdays there are special prayers, catechesis and a meeting for people who are experiencing the loss of children and have problems with conceiving a child

2) In cooperation with the Tato.Net association, a father's club was established for men who want to gain education in the field of raising children and dialogue in the family. The club meets regularly once a month and organizes conferences for men.

3) Two groups of Schools of the New Evangelization were constituted.

After a thorough renovation, from 1[st] day of June, the reactivation of the parish restaurant was published. It called “Lubczyk” and receive guests 7 days a week. The place is friendly to families with children and people with disabilities. The restaurant also are used by parishioners as a place to gather people and common celebrations.

On 1[st] day of October were organised the unveiling of a plaque to General Józef Haller at the Polish Church in Ealing. It was an initiative of local Poles and Myeloma Treatment Foundation Centre in Krakow with honorary patronage of Poland's President Andrzej Duda.

MARIAN FATHERS CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Prayer and Formation groups within the Parish:

Support, formation and prayer groups:

Liturgical groups:

Financial review

Total incoming resources for the year amounted to £302,991 (2021 £1,463,038). Income last year includes a donated asset received, a freehold property with a fair value of £1,150,000.

Total resources expended amounted to £394,686 in comparison to £393,360 in the prior year.

Overall the net movement in funds amounted to a deficit of £91,016 (2021 surplus of £1,070,543).

Total reserves held by the charity at the year end amounted to £4,217,861 (2021 £4,308,877), £8,705 relating to restricted funds and £4,209,156 to unrestricted funds.

Free reserves held by the charity at the year end, which are unrestricted funds after making allowances for tangible fixed assets and investments amounted to £1,041,783 (2021 £1,724,866).

Reserves Policy

The Trustees are of the opinion that the retained reserves are adequate for the furtherance of its aims of offering pastoral and spiritual support among the faithful and the maintenance of its properties.

Investment Policy

The trustees have considered the most appropriate policy for investing funds and has found that a combination of high interest bank accounts and COIF accounts meets their requirement for both income and capital growth.

Grant making policy

Grants are awarded at the discretion of the trustees to institutions and to individuals for financial hardship. The total number of individual grants cannot be ascertained, as they are generally for financial hardship and detailed information of recipients is not available.

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

MARIAN FATHERS CHARITABLE TRUST

Risk factors

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Protection Policy

The Marian Fathers Charitable Trust is committed to the safeguarding (child protection) policies of the Catholic Church in England and Wales, to protect children and young people from neglect, physical, emotional and sexual abuse and to promote a safe environment for them. This commitment flows from the fact that we are all made in the image of God and the Church’s common belief in the dignity and uniqueness of every human life.

The Trust starts from the principle that each child has a right to expect the highest level of care and protection, love, encouragement and respect that we can give.

The Trust will liaise closely with statutory agencies to ensure that any allegations of abuse that may occur are promptly reported and properly dealt with, victims supported and perpetrators held to account.

Risk Management

Many operational risks, including health and safety, are covered by insurance and security systems which are regularly reviewed by the Trustees. Financial risks are managed by budgets and internal financial procedures.

Plans for the future

The main aims for the coming year are:

MARIAN FATHERS CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management

The full name of the charity is 'Marian Fathers Charitable Trust'. The charity is governed by the Trust Deed dated 22 March 1999.

Trustees are appointed and removed by the Provincial as defined by Clause 2(c) of the Trust Deed. They are ultimately responsible for the policies, activities and assets of the charity and setting the remuneration of key personnel.

The trustees receive training at trustees' meetings, as is deemed appropriate. All decision making is at the discretion of the trustees.

The trustees who served during the year were: Fr Tadeusz Marian Byczkowski Fr Andrzej Gowkielewicz Fr Tomasz Adam Nowaczek (Resigned 1 June 2023) Fr Dariusz Mazewski (Resigned 1 June 2023) Fr Wiktor Gumienny Fr Jacek Jaroslaw Rygielski Fr L M Mazurek (Appointed 1 June 2023) Fr E Zarzeczny (Appointed 1 June 2023)

Auditor

In accordance with the company's articles, a resolution proposing that Kendall Wadley LLP be reappointed as auditor of the company will be put at a General Meeting.

On behalf of the board of trustees

Fr L M Mazurek

Chairman of the Trust Dated: 18 October 2023

MARIAN FATHERS CHARITABLE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MARIAN FATHERS CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF MARIAN FATHERS CHARITABLE TRUST

Opinion

We have audited the financial statements of Marian Fathers Charitable Trust (the ‘charity’) for the year ended 31 December 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

MARIAN FATHERS CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MARIAN FATHERS CHARITABLE TRUST

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Audit response to risks identified

It should be noted that Auditing standards limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

MARIAN FATHERS CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MARIAN FATHERS CHARITABLE TRUST

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sarah Morley ACA (Senior Statutory Auditor) for and on behalf of Kendall Wadley LLP

18 October 2023

Chartered Accountants Statutory Auditor

Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS

Kendall Wadley LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

MARIAN FATHERS CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income and endowments from:
Donations and legacies
3
127,708
240
Charitable activities
4
149,953
-
Other trading activities
5
14,568
-
Investments
6
10,349
-
Material other income
7
-
-
Other income
8
173
-
Total income
302,751
240
Expenditure on:
Raising funds
9
18,067
-
Charitable activities
10
376,619
-
Other
16
-
-
Total resources
expended
394,686
-
Net gains/(losses) on
investments
17
679
-
Net movement in funds
(91,256)
240
Fund balances at 1
January 2022
4,300,412
8,465
Fund balances at 31
December 2022
4,209,156
8,705		 Total
Unrestricted
funds
2022
2021
£
£
127,948
128,459
149,953
161,897
14,568
21,983
10,349
158
-
1,150,000
173
162
302,991
1,462,659
18,067
29,447
376,619
275,063
-
88,850
394,686
393,360
679
865
(91,016)
1,070,164
4,308,877
3,230,248
4,217,861
4,300,412		 Restricted
funds
2021
£
379
-
-
-
-
-
379
-
-
-
-
-
379
8,086
8,465		 Total
2021
£
128,838
161,897
21,983
158
1,150,000
162
1,463,038
29,447
275,063
88,850
393,360
865
1,070,543
3,238,334
4,308,877

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

MARIAN FATHERS CHARITABLE TRUST

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
19
Investments
20
Current assets
Stocks
21
Debtors
22
Cash at bank and in hand
Creditors: amounts falling due within
one year
23
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
25
Unrestricted funds		 2022
£
£
3,163,002
4,371
3,167,373
4,000
13,788
1,423,367
1,441,155
(390,667)
1,050,488
4,217,861
8,705
4,209,156
4,217,861		 2021
£
£
2,571,854
3,692
2,575,546
2,700
11,895
2,063,898
2,078,493
(345,162)
1,733,331
4,308,877
8,465
4,300,412
4,308,877		 2021
£
£
2,571,854
3,692
2,575,546
2,700
11,895
2,063,898
2,078,493
(345,162)
1,733,331
4,308,877
8,465
4,300,412
4,308,877
2,575,546
1,733,331
4,308,877
8,465
4,300,412
4,308,877

The financial statements were approved by the Trustees on 18 October 2023

Fr L M Mazurek Trustee

MARIAN FATHERS CHARITABLE TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
30
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
2021
£
£
£
£
(38,102)
1,186,443
(612,778)
(1,249,787)
-
1,074,300
10,349
158
(602,429)
(175,329)
-
-
(640,531)
1,011,114
2,063,898
1,052,784
1,423,367
2,063,898

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Company information

Marian Fathers Charitable Trust is a registered charity in England and Wales.

The principal office is 1 Courtfield Gardens, Ealing, London, W13 0EY.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Resources expended

All expenses are accounted for on an accrual basis. Liabilities are recognised when they are incurred.

Costs of generating funds comprise those costs directly attributable to raising funds through activities.

Direct charitable expenditure includes all overhead costs in supporting the direct charitable activities.

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Governance costs comprise those costs not already deemed as overhead costs and not associated with achieving the direct charitable activities.

Grants payable and receivable are accounted for respectively on payment or receipt.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Freehold land and buildings no charge Fixtures, fittings & equipment 25% on net book value Motor vehicles 25% on cost and 20% net book value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

FRS102 requires that provision be made for depreciation of fixed assets having a finite life. However, the Trustees are of the opinion that the residual value at the end of the estimated useful life of the freehold buildings is likely to be considerably more than the cost. Therefore, any element of depreciation is considered to be immaterial and no provision is made.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Foreign exchange

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the SOFA.

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.14 Property leasing

The charity leases a number of its properties to other organisations on an operating lease basis. Total rents receivable are as detailed in the accounts.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Donations and gifts 127,708 240 127,948 128,459 379 128,838

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Charitable activities

**Mass stipends ** Other religous
Rental income		 Total **Mass stipends ** Other religous
Rental income		 Total
income 2022 income 2021
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £ £ £
Sales within charitable activities 30,512 58,631 60,810 149,953 47,737 57,583 56,577 161,897

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5 Other trading activities

Charity draw
Sale of religious goods
Other trading activities		 2022
£
4,786
9,782
14,568		 2021
£
6,331
15,652
21,983

6 Investments

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Income from listed investments 167 124
Interest receivable 10,182 34
10,349 158

7 Material other income

During the prior year the charity received a donated asset, a freehold property 65 The Ridings, London with a market value of £1,150,000, no restrictions were imposed by the donor.

8 Other income

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Other income 173 162

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Raising funds

Costs associated with activities for generating funds
Functions
Cost of religious goods
Charity draw
Costs associated with activities for generating funds
For the year ended 31 December 2021
Costs associated with activities for generating funds		 2022
£
5,784
10,883
1,400
18,067		 2021
£
16,538
11,949
960
29,447
29,447

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Charitable activities

Costs of
activities
Charitable
grants and
donations
Contribution
to Polish
Province
£
£
£
Staff costs
30,986
-
-
Depreciation and impairment
21,630
-
-
Rates
5,963
-
-
Light and heat
15,995
-
-
Insurance
8,733
-
-
Repairs and maintenance
13,675
-
-
House and garden maintenance
7,200
-
-
Books and magazines
3,124
-
-
Printing, postage and stationery
17,646
-
-
Telephone and communications
4,692
-
-
Motor expense
8,105
-
-
Travelling expenses
17,319
-
-
Fathers' expenses
28,578
-
-
Mass stipends
3,600
-
-
Legal and professional
13,208
-
-
Sundry
958
-
-
Bank Charges
1,926
-
-
(Profit)/Loss on foreign currency
(31)
-
-
Stock movement
(1,300)
-
-
Polish Province contributions
-
-
131,485
Computer costs
9,878
-
-
212,045
-
131,485
Grant funding of activities (see note 11)
-
14,145
-
Share of governance costs (see note
12)
18,944
-
-
230,989
14,145
131,485
Analysis by fund
Unrestricted funds
230,989
14,145
131,485
230,989
14,145
131,485
For the year ended 31 December 2021
Unrestricted funds
261,515
2,728
10,820
261,515
2,728
10,820		 Total
2022
£
30,986
21,630
5,963
15,995
8,733
13,675
7,200
3,124
17,646
4,692
8,105
17,319
28,578
3,600
13,208
958
1,926
(31)
(1,300)
131,485
9,878
343,530
14,145
18,944
376,619
376,619
376,619		 Total
2021
£
39,404
13,158
8,865
10,189
7,343
26,690
7,697
1,044
18,943
5,674
5,888
11,155
27,420
5,060
42,271
2,177
2,273
260
(200)
10,820
8,248
254,379
2,728
17,956
275,063
275,063
275,063

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

11 Grants payable

Charitable donations 2022
£
14,145
14,145		 2021
£
2,728
2,728

12 Support costs

Support
costs
Governance
costs
£
£
Audit fees
-
4,980
Accountancy
-
13,964
-
18,944
Analysed between
Charitable activities
-
18,944		 2022
£
4,980
13,964
18,944
18,944		 2021 Basis of allocation
£
4,740 Governance
13,216 Governance
17,956
17,956

13 Auditor's remuneration

The analysis of auditor's remuneration is as follows:

Fees payable to the company's auditor and associates:
Audit of the company's annual accounts
Total audit fees
Non-audit services
All other non-audit services
Total non-audit fees		 2022
£
4,980
4,980
13,964
13,964		 2021
£
4,740
4,740
13,216
13,216

14 Trustees

The Trustees of the Marian Fathers Charitable Trust have taken vows of poverty under which they have renounced all personal rights to income and capital. The Charity provides for the essential needs of all Trustees of the Marian Fathers Charitable Trust. The living costs of the Trustees are therefore borne by the charity.

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

15 Employees

Number of employees

The average monthly number of employees during the year was:

Number of employees
The average monthly number of employees during the year was:
2022 2021
Number Number
Employees 1 1
Employment costs 2022 2021
£ £
Wages and salaries 29,875 36,661
Social security costs - 943
Other pension costs 1,111 1,800
30,986 39,404
All employees are considered to be key management personnel.
There were no employees whose annual remuneration was £60,000 or more.

16 Other

Net loss on disposal of tangible fixed assets
17
Net gains/(losses) on investments
Revaluation of investments
18
Taxation		 Total
Unrestricted
funds
£
2022
2021
-
88,850
2022
2021
£
£
679
865		 Total
Unrestricted
funds
£
2022
2021
-
88,850
2022
2021
£
£
679
865
2021
£
865

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

19 Tangible fixed assets

Freehold land
and buildings
Assets under
construction
£
£
Cost or valuation
At 1 January 2022
2,231,067
279,609
Additions
-
578,470
At 31 December 2022
2,231,067
858,079
Depreciation and impairment
At 1 January 2022
-
-
Depreciation charged in the year
-
-
At 31 December 2022
-
-
Carrying amount
At 31 December 2022
2,231,067
858,079
At 31 December 2021
2,231,067
279,609		 Fixtures,
fittings &
equipment
Motor vehicles
£
£
155,957
71,557
6,528
27,780
162,485
99,337
139,418
26,918
5,756
15,874
145,174
42,792
17,311
56,545
16,539
44,639		 Total
£
2,738,190
612,778
3,350,968
166,336
21,630
187,966
3,163,002
2,571,854

On transition to FRS102 the Trustees adopted the cost model for recognising the freehold properties of the Marian Fathers Charitable Trust.

20 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 January 2022 3,692
Valuation changes 679
At 31 December 2022 4,371
Carrying amount
At 31 December 2022 4,371
At 31 December 2021 3,692

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

21
Stocks
Finished goods and goods for resale
22
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
23
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2022
£
4,000
2022
£
-
13,788
13,788
2022
£
393
2,771
365,245
22,258
390,667		 2021
£
2,700
2021
£
500
11,395
11,895
2021
£
522
1,494
325,847
17,299
345,162

24 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,111 (2021 - £1,800).

25 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming
Balance at		 Incoming Balance at
1 January 2021 resources 1 January 2022 resources 31 December
2022
£ £ £ £ £
Saint Faustina Fund 8,086 379 8,465 240 8,705

Saint Faustina Fund - this fund represents monies received for the planning and development of 1 Courtfield Gardens.

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

25 Restricted funds

(Continued)

26
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
December 2022 are
represented by:
Tangible assets
3,163,002
-
Investments
4,371
-
Current assets/(liabilities)
1,041,783
8,705
4,209,156
8,705		 Total Unrestricted
funds
Restricted
funds
2022
2021
2021
£
£
£
3,163,002
2,571,854
-
4,371
3,692
-
1,050,488
1,724,866
8,465
4,217,861
4,300,412
8,465		 Total
2021
£
2,571,854
3,692
1,733,331
4,308,877

27 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

28 Consolidation

Marian Fathers Charitable Trust consolidated accounts comprise of the following:

29 Auditors' Ethical Standards

The relevant circumstances requiring disclosure in accordance with the requirements of APB Ethical Standard - Provisions Available for Small Entities are that, in common with many charities of our size and nature we use our auditors to assist in the preparation of the accounts.

30
Cash generated from operations
(Deficit)/surpus for the year
Adjustments for:
Investment income recognised in statement of financial activities
(Gain)/loss on disposal of tangible fixed assets
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in stocks
(Increase)/decrease in debtors
Increase in creditors
Cash (absorbed by)/generated from operations		 2022
£
(91,016)
(10,349)
-
(679)
21,630
(1,300)
(1,893)
45,505
(38,102)		 2021
£
1,070,543
(158)
88,850
(865)
13,158
(200)
8,209
6,906
1,186,443

MARIAN FATHERS CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

31 Analysis of changes in net funds

The charity had no debt during the year.