2023-12-31-accounts - Teresa Ball International Solidarity Fund

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			REFERENCE AND	ADMINISTRATIVE	ADMINISTRATIVE	ADMINISTRATIVE	ADMINISTRATIVE	DETAILS
Trustees			Sister Geraldine Mc Aleer
			Sister Carmel Swords
			Sister Jane Mc Donell
			Sister Barbara Murphy	(appointed			25April	2023)
			Sister Jen Bromham (appointed			25 April 2023)
			Sister Kathleen Myers (appointed			24 January 2023)
			Sister Natalie Houlihan	(appointed			24 January 2023)
			Sister Mary Kamotho (appointed			24 January 2023)
			Sister Geraldine Moktan (appointed				24 January 2023)
			Sister Sarah Dobson C.J(appointed 25 April 2023)
			Sister Bemadette Boland (resigned				25April 2023)
			Sister Noelle Corscadden (resigned 24 January 2023)
			Sister Igora Pinto (resigned		24 January 2023)
			Sister Judith Nekesa (resigned 24				January	2023)
			Sister Macarena Fernandez		de Bobadilla Lassaletta				(resigned 24 January 2023)
			Sister Brenda Eagan (resigned 24				January	2023)
Company	registered
number			3914049
Charity registered
number			1080521
Registered		office	Loreto Province Offices
			28 Hartley Road
			Altrincham
			England
			WA14 4AY
Company	secretary		Sister Geraldine Mc Aleer
Independent		auditor	RBKBusiness Advisers
			Chartered Accountants	and	Statutory Audit			Firm
			Termini
			3Arkle Road
			Sandyford
			Dublin 18
			Ireland
Bankers			Royal Bank of Scotland
			Wigan (G) Branch
			1 Herman Boulevard
			Manchester
			M3 3AQ
			Allied Irish Bank (Nl)
			2-4 East Bridge Street
			Enniskillen
			Co Fermanagh
			Northern Ireland

		REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE
Solicitors		Stone King
		Upper Borough Court (UBC)
		Upper Borough Walls
		Bath
		United Kingdom
		BA1 1RG
Investment	Managers	Setanta Asset Management
		Beresford Court
		Beresford Place
		Dublin 1
		Ireland
Investment	Advisors	Cantor Fitzgerald	Ireland	Limited
		23St.Stephen's	Green
		Dublin 2
		Ireland
Financial	Advisors	LSP Trustee Services Limited
		23St.Stephen's	Green
		Dublin 2
		Ireland

						Total
			Restricted	Unrestricted	Total	funds
			funds	funds	funds	2022
			2023	2023	2023	(Restated)
		Note		6	6	5
Income from:
Project Contributions				40,767	40,767	12,959
Investments				1,055	1,055	179
Other income			26,826		26,826	49,501
Total income			26,826	41,822	68,648	62,649
Expenditure on:
Charitable activities			33,480	250,857	284,337	259,747
Raising funds				56,954	56,954	52,897
Total expenditure			33,480	307,811	341,291	322,644
Net gains/(losses)	on investments			1,025,123	1,025,123	(1,123,333)
Net movement in	funds before other
recognised gains/(losses)			(6,654)	759,134	752,480	(1,383,328)
Other recognised	(losses)/gains:
Foreign currency (losses)/gains				(341,699)	(341,699)	697,345
Net movement in	funds		(6,654)	417,435	410,781	(685,983)
Reconciliation of	funds:
Total funds at 1 January 2023		14	47,165	16,953,851	17,001,016	17686999
Net movement in funds		14	(6,654)	417,435	410,781	(685,983)
Total funds at 31	December 2023	14	40,511	17,371,286	17,411,797	17,001,015

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
			E	E	E
	Eastern Africa Projects	- General			213
	Kangemi, Nairobi - Kenya		1,025	1,025	900
	Entally, Kolkata, India		770	770	840
	Sealdah, Kolkata, India		750	750	600
	Peru Projects - General				150
	Peru Projects - Jimcamarca Fe YAlegrea		30,000	30,000
	Irish Project - Rumbek	South Sudan	4,670	4,670	5,608
	Other General Donations		3,552	3,552	4,658
			40,767	40,767	12,969
5.	Investment income
			Unrestricted	Total	Tolal
			funds	funds	funds
			2023	2023	2022
			E	E.
	Listed investments		1,051	1,051	179
	Interest income		4	4
	Total 2023		1,055	1,055	179
	Total 2022		179	179

					Restricted	Total	Total
					funds	funds	funds
					2023	2023	2022
Mary	Ward	Mission	Fund	income	26,826	26,826	49,501
Total	2023				26,826	26,826	49,501
Total	2022				49,501	49,501

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
			6	6
Support for	the International	Province (7.1)		205,473	205,473	190,522
Mary Ward	Mission Fund		33,480		33,480	39,120
Support for	the International	Projects (7.2)		40,813	40,813	36,203
Governance	Costs (7.3)			4,571	4,671	3,902
Total 2023			33,480	250,857	284,337	269,747
Total 2022			39,120	230,527	269,747

			Unrestricted	Unrestricted	Total	Total
				funds	funds	funds
				2023	2023 5	2022f
South Asia - Kolkata				43,997	43,997	21,627
South Asia - Bangladesh				10,802	10,802	12,173
South Asia - Nepal				3,593	3,593	2,713
Eastern Africa				60,412	60,412	72,412
Peru				73,188	73,188	57,666
South Africa -	Zambia			13,298	13,298	23,748
Administration	Expenses			183	183	163
Total 2023			205,473		205,473	190,522
Total 2022			190,522		190,522
7.2.Support for international		projects (unrestricted	development	funds)

			Unrestricted	Total	Total
			funds	funds	funds
			2023 5	2023f	2022 6
Kangemi, Nairobi - Kenya			1,025	1,025	1,100
Entally, Kolkata, India			770	770	1,050
South Asia Projects - General			750	750	750
Peru - General			30,000	30,000	2,922
Rumbek South	Sudan		8,222	8,222	15,S08
Administration	Expenses		46	46	87
Community of	Southern	Africa - Zambia			10,000
Other General	Donations				4,68S
Total 2023			40,813	40,813	36,203
Total 2022			36,203	36,203

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
				E	E
	Auditor's remuneration			4,558	4,558	3,902
	Professional	fees		13	13
	Total 2023			4,571	4,571	3,902
	Total 2022			3,902	3,902
8.	Raising funds
				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
				E	E	E
	Investment	management	fees	56,954	55,954	52,897
	Total 2023			56,954	55,954	52,897
	Total 2022			52,897	52,897

						2023	2022
						E
Auditor's	remuneration	-for	audit	services	only	4,558	3,902

Investments
		2023 6	2022f
At 1 January 2023		16,589,712	17,187,584
(Withdrawals)/deposits		(168,944)	(109,556)
Gains/(losses) on Investment		1,025,123	(1,123,333)
Currency (losses)/gains	on investments	(341,699)	665,814
Management fees deducted		(32,448)	(10,797)
At 31 December 2023		17,071,744	18,589,712

Debtors
	2023	2022
Due within one year
Other debtors	366	366
	366	368

2023	2022
6	8
18,641	14,500
18,641	14,500

Statement offunds	Statement offunds
Statement offunds - current		year
						Balance at
		Balance at 1				31
		January			Gains/	December
		2023 6	Income 5	Expenditure 6	(Losses) K	2023f
Unrestricted	funds
Investment	funds	16,946,721	1,050	(266,999)	683,505	17,364,277
Development	funds	7,130	40,772	(40,812)	(81)	7,009
		16,953,851	41,822	(307,811)	683,424	17,371,286
Restricted	funds
Mary Ward	Mission funds	47,165	26,826	(33,480)		40,511
Total offunds		17,001,016	68,648	(341,291)	683,424	17,411,797

Statement offu	nds - prior year
							Balance at
	Balance at						31
	1January				Transfers	Gainer	December
	2022f	Income f	Expenditure	f	in(outf	(Losses)	2022f
Unrestricted
funds
Investment
funds	17,619,823	179	(247,320)		(82)	(425,879)	16,946,721
Development
funds	30,392	12,969	(36,204)		(224)	197	7,130
	17,650,215	13,148	(283,524)		(306)	(425,682)	1S,953,851
Restricted
funds
Mary Ward
Mission funds	36,784	49,501	(39,120)				47,165
	t7086999	62649	(3226447		(3087	(420882(	(700(0t6

Analysis	of net asseR between funds - curre	nt year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2023 f	2023 f	2023f
Fixed asset investments			17,071,744	17,071,744
Current	assets	40,511	318,183	358,894
Creditors	due within one year		(18,641)	(18,641)
Total		40,511	17,371,286	17,411,797

Analysis of net assets between funds - prior	year
	Restricted	Unrestricted	Total
	funds	funds	funds
	2022	2022 /r	2022f
Fixed asset investments		16,589,712	16,589,712
Current assets	47,165	378,639	425,804
Creditors due within one year		(14,500)	(14,500)
	47,165	16,953,851	17,001,016

							2023	2022
							E
	Net income/(expenditure)		for the	year (as per	Statement	ol Financial
	Activities)						752,480	(1,383,328)
	Adjustments for:
	Investment income						(1,055)	(179)
	(Losses)/gains on	investments					(1,025,123)	1,123,333
	Fxmovement on retranslation							31,335
	Decrease in debtors							862
	Increase/(decrease)	in creditors					4,141	(502)
	Net cash used in	operating	activities				(269,557)	(228,479)
17.	Analysis ofcash	and cash	equivalents
							2023 E	2022f
	Cash at bank and	in hand					358,328	425,438
	Total cash and cash equivalents						358,328	425,438

TBISFas its agent to assist it in inv	esting its funds and carrying out i	ts charitable activities on	its behalf.
		2023	2022
		6	5
Funds received and paid by TBISFas agent
Opening balance		5,586,658
Funds received from LLCS		8,501	5,578, 181
Donations paid as agent		(25,047)	(60,188)
Net gains I(losses) on investments,	include bank interest	160,148
Bank and investment fees		(9,139)
Foreign Currency (Losses)		(113,099)	(31,335)
Closing balance held as agent		5,608,022	5,586,658
Assets held as agent
Cash at bank		580,790	5,585,658
Investments, unitised funds		5,027,232
Closing balance held as agent		5,608,022	5,585,558

agreement transactions as detailed in Not	agreement transactions as detailed in Not	agreement transactions as detailed in Not	e 19.	e 19.
The effects of the Prior Year Adjustment			(PYA) are shown		below and are	reflected in restated		Statement
of Financial	Activities Comparative	figures	and	Balance Sheet Comparative		figures in the	2023 Financial
Statements.
							Amount after
								PYA to
							de	recognise
						Amounts		Canadian
						before PYA f	transaction
Statement	of Financial Activities
Income from donations and legacies						5,678,181
Charitable	Activities Costs					(60,188)
Foreign Currency (Losses)						(31,335)
Impact on	Statement of Financial	Activities		(Net Credit)		5,586,658
Balance Sheet
Cash at bank and in hand						5,586,658
Impact on	Balance Sheet (Net Debit)					5,586,658