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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|||||||
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|||REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|DETAILS (CONTINUED)|
|---|---|---|---|---|---|
|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||||
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|||||||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|
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||||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||
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##
||||||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|
##
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##
##
##
|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|||
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