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← Society Of Our Lady Of Lourdes

2024-07-31-accounts

SOCIETY OF OUR LADY OF LOURDES

(A company Limited by Guarantee)

TRUSTEES ANNUAL REPORT AND UNUAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31[ST] JULY 2024

Registered Charity Number: 1086419 Registered Company Number: 4156243

SOCIETY OF OUR LADY OF LOURDES

CONTENTS

Page
Legal and administratve informaton 2
Trustees’ Annual report 3 – 5
Statement of Financial Actvites 6
Summary Income and Expenditure Account 7
Statement of Financial Positon 8
Statement of Cash Flows 9
Notes to the Accounts 10 – 14
Independent Examiner’s Report 15

1

SOCIETY OF OUR LADY OF LOURDES

LEGAL AND ADMINISTRATIVE INFORMATION

Registered address and Principal Office: Registered Company Number: Registered Charity Number: Website: Trustees and Directors:

Company Secretary: Independent Examiner:

Bankers:

Botwell House Botwell Lane Hayes Middlesex UB3 2AB 4156243 1086419 www.soll-lourdes.com John Mitchell Sacha Blanchard Daniel Judge Tom Casey Victoria Irwin Liam Judge Steve Kelly David Farrow Maree Anderson Graham Rogan-Hill Ruth Rockey Philip Unwin Daniel Murphy Brian McCarthy

Philip Unwin Maurice Brindley BSc, FCA Brindley Jacob 167 Turners Hill Cheshunt Hertfordshire EN8 9BH Royal Bank of Scotland 86 Craven Park Road London NW10 4AE

HSBC Bank 89 Buckingham Palace Road London SW1W 0QL

Investment Advisers:

Brewin Dolphin Ltd 9 Colmore Row Birmingham, B3 2BJ

2

SOCIETY OF OUR LADY OF LOURDES

TRUSTEES’ ANNUAL REPORT

for the year ended 31[st] July 2024

The trustees, who are also the directors of the company, present their report together with the financial statements for the year to 31[st] July 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with current statutory requirements and the requirements of the company’s governing instrument.

Legal and administrative information is set out on page 2 and forms part of this report.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Society of Our Lady of Lourdes is a company limited by guarantee having no share capital incorporated on 8[th] February 2001 and is a registered charity governed by its Memorandum and Articles of Association. The members of the company are the trustees named on page 2. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. The charity maintains a register of friends who, on acceptance by the trustees, pay an annual subscription to the Society. The trustees are elected by the Friends at the Annual General Meeting. The trustees must hold at least three meetings a year.

The trustees delegate the detailed arrangements of the annual pilgrimage to Lourdes to the pilgrimage committee consisting of individuals appointed by them where the majority must be trustees. The trustees engage an independent Tour Operator to handle the bookings for travel to and from and accommodation in Lourdes.

The trustees review regularly the risks to which the Society is exposed. The most serious risk arises out of the main activity of the Society which is to organise and execute a pilgrimage to Lourdes with a large number of sick people and people with disabilities being cared for by a larger number of volunteers, some of whom might themselves be classified as vulnerable. The Society seeks to put into practice the latest and best practice for the protection of children and vulnerable adults as recommended by the Nolan Commission and implemented by the Catholic Church in England and Wales. The Society is alert to the fact that it is working in Lourdes in an international environment with a large number of organisations of volunteers from many parts of the world, and that the standards of statutory protection available in the United Kingdom are not necessarily reciprocated in other jurisdictions.

The risk of injury or accident both to the sick pilgrims and helpers is one that is a constant concern. This is addressed through careful selection of the sick pilgrims, matching needs to medical support; through measures to ensure training for those concerns with manual handling; through measures to ensure that all necessary equipment is made available; and through the maintenance of adequate insurance cover.

Finally , the Society is aware of the need to maintain vigilance over financial control for both income and expenditure.

OBJECTIVES AND ACTIVITIES

The objects of the charity are the advancement of the Roman Catholic religion and the relief of sickness and suffering, by the promoting of devotion to Our Lady of Lourdes, by organising a pilgrimage to Lourdes and services in her honour, by arranging for sermons and lectures on Lourdes and by assisting poor sick pilgrims financially or otherwise to go to Lourdes.

In planning activities for the year, the trustees keep in mind the Charity Commission guidance on public benefit and whether they have complied with their duties under Section 4 of the Charities Act 2011.

ACHIEVEMENTS AND PERFORMANCE

As we reflect on the past year, and a successful pilgrimage in May, we take time to think of those friends and members who have passed on in the year.

Our pilgrimage is the oldest established pilgrimage in England – 112 this year – and, historically, led by clergy and with its own traditions which sometimes appear dated – yet we have evolved – and perhaps faster than others. In these increasingly challenging times, with the cost of living crisis and international disharmony, we continue to evolve and grow. Our Society is run by laity – including those not steeped in Catholic tradition. It seeks to appeal to all, irrespective of religious beliefs, or even their absence, and it has needed many people to help with its work.

The office is managed on a rota basis by a number of people working remotely, a testament to the goodwill within the Society. Following two years of virtual pilgrimages, and a smaller group to travelling to Lourdes in 2022, a larger pilgrimage was undertaken in 2023, and numbers for 2024 showed further growth. We are currently in the throes of planning and booking for 2025.

3

SOCIETY OF OUR LADY OF LOURDES

FINANCIAL REVIEW

The net operating deficit in funds for the year was £139,400 (2023: deficit £34,628 ) as set out in the accounts on page 6. This is attributable to the fact that the legacy income the Society received in 2023, was substantially higher than that received in 2024 and also, in 2022 the costs of the pilgrimage were funded more fully, especially for those assisted pilgrims and those on the medical team. Also the cost of travel in 2024 was higher.

The trustees are aware that expenditure needs to reviewed continuously so that income from donations, fund raising and investments is sufficient to cover the Society’s operating costs.

Budget controls are in place. Trustees annually review the financial regulations and internal controls to ensure the effectiveness of the charity’s internal financial controls. The annual budget is derived from analysis of five years of historical income and expenditure. The budget is reviewed regularly and brought to Council each quarter. Generated income by the Society itself is limited with the majority of its funds coming from donations, legacies and income from investments.

The Society aims to have enough capital to sustain the continuation of the Society and associated activities, including an annual pilgrimage to Lourdes. The Society relies on the continued generosity of its supporters in their donations and various fundraising initiatives.

The investment policies of the Society remain cautious, with the aim of this supporting the other income generation to meet the whole cost of the pilgrimage for the following year. The Society reviews regularly the balance between maintaining its funds in liquid form and placing them on the markets. Advice is taken from its Investment House on the timing of the conversion of cash reserves into quoted investments. The Society maintains an ethical investment policy in accordance with its position as a Catholic charity.

PLANS FOR FUTURE PERIODS

The trustees are confident in the future position of the Society given the healthy financial position. It looks forward to providing expanded pilgrimages and help to those in need of financial assistance and support to enable sick pilgrims to go, but the Society can only go so far in encouraging more to join us by telling them that

The Society provides a reassuring and supportive environment for those with medical needs

It is joined by those who provide spiritual support

It offers a safe environment for young people who visibly mature in confidence and empathy during the week as their interest, awareness and care for others grows – something for some that opens a gateway to Christianity in a practical sense.

There is a balance between medical people, those that need care, those that come to help and those who support our pilgrimage with prayer. The more who know about us in all categories, the more who can swell our numbers. The more who contribute, the lighter that load. The more who can help, with ideas and deeds, the easier it becomes to ensure that the mission of the Society continues.

The Society’s work continues with planning for our usual calendar of events - the pilgrimage to Lourdes in May 2025, and for UK pilgrimages to Walsingham and Aylesford in late summer 2025.

With close attention to costs, fundraising efforts by friends are continuing though still unpredictable and the receipt of legacies, the Society, with care, will secure a strong and stable financial position that will enable it to continue to fulfil its objectives for the foreseeable future.

4

SOCIETY OF OUR LADY OF LOURDES

TRUSTEES

The trustees who served during the year were:

John Mitchell (Chairman) Sacha Blanchard David Farrow Simon Chandler (retired 7 Dec 2024) Graham Rogan-Hill Liam Judge Steve Kelly Daniel Murphy (elected 7 Dec 2024) Brian McCarthy (elected 7 Dec 2024) Ruth Rockey (Treasurer) Philip Unwin (Company Secretary) Daniel Judge Victoria Irwin Maree Andersen Tom Casey (elected 7 Dec 2024)

Following the end of the financial year on 7[th] December 2024, Simon Chandler resigned, and Daniel Murphy, Brian McCarthy and Tom Casey were elected as new trustees.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company Law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charitable company and of its surplus or deficit for that period. In doing so the trustees are required to:

Select suitable accounting policies and apply them consistently;

Make judgements and estimates that are reasonable and prudent; and

Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue to operate.

The trustees are responsible for keeping proper accounting records which 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 Companies Act 2002. The trustees 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.

AUDIT EXEMPTION

The company has taken advantage of the exemption under section 477 of the Companies Act 2006 relating to small companies and these financial statements are therefore unaudited.

By Order of the Board

Ruth Rockey

Ruth Rockey (Apr 22, 2025 12:47 GMT+1)

04/22/2025

Trustee

5

SOCIETY OF OUR LADY OF LOURDES

STATEMENT OF FINANCIAL ACTIVITES

For the year ended 31[st] July 2024

Notes Unrestricted Restricted Total Funds Total Funds
Funds funds 2024 2023
£ £ £ £
Income from:
Donatons and legacies 2 16,459 - 16,459 36,087
Charitable Actvites 3 3,127 - 3,127 5,845
Investments 4 29,606 - 29,606 25,264
------------ ------------ ------------ -----------
Total 49,192
-		 49,192 67,196
------------ ----------- ------------
------------
Expenditure on:
Raising funds 5 9,155
-		 9,155 8,411
Charitable actvites
Grants payable 6 82,661 - 82,661 48,533
Promotng devoton to Our Lady
of Lourdes 7 95,451 - 95,451 43,828
Governance 8 1,325 - 1,325 1,052
------------ ------------ ------------ ------------
Total 188,592 - 188,592 101,824
------------ ------------ ------------
------------
Net income before gains/(losses) on investments (139,400) - (139,400) (34,628)
Net gains/(losses) on Investments 10 81,978 - 81,978 (5,190)
------------ ------------ ------------ ------------
Net Income/(expenditure) (57,422) - (57,422) (39,818)
Transfers between funds - - - -
------------ ------------ ------------ ------------
Net movement in funds (57,422) - (57,422) (39,818)
Reconciliaton of funds
Total funds brought forward 1,106,356 23,512 1,129,868 1,169,686
------------ ------------ ------------- --------------
Total funds carried forward 1,048,934 23,512 1,072,446 1,129,868
======== ======== ======== ========

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

All incoming resources and resources expended derive from continuing activities.

The notes on pages 10 to 14 form part of these financial statements.

6

SOCIETY OF OUR LADY OF LOURDES

SUMMARY INCOME AND EXPENDITURE ACCOUNT

For the year ended 31[st] July 2024

Notes 2024 2023
£ £
INCOME
Gross income 49,192 67,196
Gains/(losses) on disposal of
investments based on book values 10 6,694 4,471
----------- ------------
55,886 71,667
EXPENDITURE
Total expenditure (188,592) (101,824)
------------ -------------
NET INCOME (EXPENDITURE) FOR THE YEAR (132,706) (30,157)
======= ========

All of the operations undertaken by the charitable company during the and preceding year are continuing operations.

Based on the historical cost the net expenditure for the year would be (£114,394) (2023 net expenditure - £11,474).

The summary income and expenditure account is derived from the statements of financial activities on page 5 which, together with the notes to the accounts on pages 10 to 14 provide full information of the movements during the year on all the funds of the charitable company.

The notes on pages 10 to 14 form part of these financial statements.

7

SOCIETY OF OUR LADY OF LOURDES

STATEMENT OF FINANCIAL POSITION

As at 31[st] July 2024

Notes 2024 2023
£ £
FIXED ASSETS
Tangible assets 9 938 568
Investments 10 1,115,586 1,012,904
-------------- --------------
Total Fixed Assets 1,116,524 1,013,472
-------------- --------------
CURRENT ASSETS
Stock 1(d) 3,013 1,494
Debtors 11 4,659 8,375
Cash at bank and in hand 53,012 113,361
-------------- --------------
Total Current Assets 60,684 123,230
-------------- --------------
LIABILITIES
Creditors: amounts falling due within one year 12 (104,761) (6,834)
-------------- --------------
NET CURRENT ASSETS LESS CURRENT LIABILTIES (44,077) 116,396
-------------- --------------
TOTAL ASSETS LESS CURRENT LIABILITIES 1,072,446 1,129,868
========= =========
THE FUNDS OF THE CHARITY
Unrestricted Income funds
Unrestricted Income funds 941,103 1,055,214
Revaluaton Reserve 10 107,831 51,141
-------------- --------------
1,048,934 1,106,355
Restricted Income Funds 14 23,513 23,513
-------------- --------------
TOTAL CHARITY FUNDS 1,072,446 1,129,868
========= =========

The directors are of the opinion that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies for the year ended 31[st] July 2023. The directors confirm that no member or members have requested an audit in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

These Financial Statements were approved by the Trustees on 7[th] December 2024 and signed on their behalf by

Ruth Rockey Ruth Rockey (Apr 22, 2025 12:47 GMT+1)

04/22/2025

Ruth Rockey - Director

Registered company number: 4156243

The notes on pages 10 to 14 form part of these financial statements.

8

SOCIETY OF OUR LADY OF LOURDES

STATEMENT OF CASH FLOWS

For the year ended 31[st] July 2024

Notes 2024 2023
£ £
Total Income 49,192 67,196
Total expenditure (188,592) (101,824)
------------ -------------
Net income less expenditure before
net gains/losses on investments (139,400) (34,628)
Depreciaton 9 313 189
Decrease/(increase) in stock (1,519) (423)
Decrease/(increase) in debtors 3,716 (244)
Increase/(decrease) in creditors 97,928 (16,012)
Tangible assets:
Purchases 9 (683) -
Investment portolio:
Purchases 10 (216,884) (161,090)
Disposals 10 247,759 150,974
Decrease/(increase) in cash held as part of portolio (51,579) (7,550)
-------------- -------------
Increase/(decrease) in cash (60,349) (68,784)
========= ========

The notes on pages 10 to 14 form part of these financial statements.

9

SOCIETY OF OUR LADY OF LOURDES

NOTES TO THE ACCOUNTS

For the year ended 31[st] July 2024

1. ACCOUNTING POLICIES

The accounts have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the Companies Act 2006 and follow the recommendations of the Charity Commission in “Charities SORP (FRS 102)”.

Subscriptions (including life subscriptions) and donations are brought into income immediately upon receipt. All other incoming resources are included in the Statement of Financial Activities (“SOFA”) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. No amounts are included in the financial statements for services donated by volunteers. No incoming resources have been included in the SOFA net of expenditure, apart from small fundraising events.

Expenditure is recognised on an accruals basis in the period in which it is incurred. Expenditure includes any VAT which cannot be recovered. Such VAT is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements

of the charity and include the accountancy fees and costs linked to the strategic management of the charity.

Stock comprises history books valued at the lower of cost and net realisable value.

Tangible fixed assets, comprising furniture, fixtures and fittings, are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost at the following rates:

Improvements to leasehold premises 25% written down value Pilgrimage equipment 25% written down value Office equipment 25% written down value

The trustees have adopted a policy where fixed assets costing less than £200 are not capitalised.

Investments are stated market value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities.

Unrestricted funds are used for the charity’s general activities at the discretion of the trustees.

Restricted funds are to be used for specific purposes when raised for that particular purpose. Expenditure which meets these criteria is charged to the fund.

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.

2. DONATIONS AND LEGACIES

Unrestricted Restricted Total Funds Total Funds
Funds funds 2024 2023
£ £ £ £
Subscriptons 431 - 431 830
Life Subscriptons 60 - 60 180
Donatons 9,691 - 9,691 12,265
Legacies 6,277 - 6,277 22,812
----------- ---------- ---------- ----------
16,459 - 16,459 36,087
======= ====== ====== ======

10

SOCIETY OF OUR LADY OF LOURDES

NOTES TO THE ACCOUNTS

For the year ended 31[st] July 2024

3. CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES
Unrestricted Restricted Total Funds Total Funds
Funds funds 2024 2023
£ £ £ £
Sponsored events - - - -
Bonus ball competton 704 - 704 608
Centenary Club 1,928 - 1,928 2,265
Christmas Appeal - - - 20
Other income and events 495 - 495 1,952
----------- ---------- ---------- ----------
3,127 - 3,127 5,845
======= ======= ======= ======
INVESTMENTS
Unrestricted Restricted Total Funds Total Funds
Funds funds 2024 2023
£ £ £ £
Income from UK listed investments 28,840 - 28,840 24,378
Interest received 766 - 766
886
----------- ---------- ---------- ----------
29,606 - 29,606 25,264
======= ======= ======= ======
RAISING FUNDS
Unrestricted Restricted Total Funds Total Funds
Funds funds 2024 2023
£ £ £ £
On-line giving charges 216 - 216 216
Sponsored events - - - -
Prizes – bonus ball competton 420 - 420 220
Prizes – Centenary club 759 - 759 828
Other expenses and events - - - -
Investment management costs 7,760 - 7,760 7,147
---------- ---------- ---------- ----------
9,155 - 9,155 8,411
====== ======= ====== ======

4. INVESTMENTS

5. RAISING FUNDS

6. GRANTS PAYABLE

GRANTS PAYABLE
Unrestricted Restricted Total Funds Total Funds
Funds funds 2024 2023
£ £ £ £
Assisted pilgrims 31,847 - 31,847 7,325
Nurses, carers and helpers 18,335 - 18,335 20,370
Lourdes Sanctuary - - - 1,910
Schools Groups 22,669 - 22,669 15,744
Other pilgrims 9,810 - 9,810 3,184
----------- ---------- ---------- -----------
82,661 -
 82,661 48,533
======= ======= ======= =======

11

SOCIETY OF OUR LADY OF LOURDES

NOTES TO THE ACCOUNTS

For the year ended 31[st] July 2024

7. PROMOTING DEVOTION TO OUR LADY OF LOURDES

Unrestricted Restricted Total Funds Total Funds
Funds funds 2024 2023
£ £ £ £
Cost of organising a pilgrimage to Lourdes
Pilgrimage expenses:-
Handbook, music, candles et.c 4,551 - 4,551 1,735
Hire of wheelchairs and equipment 305 - 305 304
Rent for storage of equipment 1,000 - 1,000 1,000
Food and general supplies 4,345 - 4,345 5,903
Drugs and medical requisites 106 - 106 98
Virtual pilgrimage/relics tour 521 - 521 161
Travel costs (incl unrecov) 59,358 - 59,358 14,190
Lourdes Levy 858 - 858 2,270
Travel/excursions 1,782 - 1,782 565
Advertsing 1,124 - 1,124 -
Conference costs 3,790 - 3,790 -
---------- ---------- ---------- ----------
77,740 - 77,740
 26,226
---------- ---------- ---------- ----------
Spreading the message of Lourdes
Pilgrims Way 1,270 - 1,270 1,748
Mass stpends 1,040 - 1,040 1,040
---------- ---------- ---------- ----------
2,310 - 2,310 2,788
---------- ---------- ---------- ----------
Support costs
Ofce expenses:-
Rent 5,817 - 5,817 6,041
Telephone 6,312 - 6,312 5,725
Statonery, postage and ofce expenses 2,641 - 2,641 2,411
Travel expenses - - - 452
Depreciaton 313 - 313 189
Bank charges and interest 318 - 318 (4)
---------- ---------- ---------- ----------
15,401 - 15,401 14,814
---------- ---------- ---------- ----------
TOTAL 95,451 - 95,451 43,828
======= ======= ======= ======
8. GOVERNANCE COSTS
Unrestricted Restricted Total Funds Total Funds
Funds funds 2024 2023
£ £ £ £
Independent Examiner’s fee 650 - 650 773
Safeguarding costs 640 - 640 244
Registraton fee 35 - 35 35
---------- ---------- ---------- ----------
TOTAL 1,325 - 1,325 1,052
======= ======= ======= ======

None of the trustees received any remuneration nor were they reimbursed for committee travel or any other personal expenses. The charity has no employees – the work of the charity being carried out by volunteers.

12

SOCIETY OF OUR LADY OF LOURDES

NOTES TO THE ACCOUNTS

For the year ended 31[st] July 2024

9. TANGIBLE FIXED ASSETS

Leasehold property Leasehold property Pilgrimage Computer TOTAL
Improvements Equipment Equipment
£ £ £ £
Cost
Balance at 1stAugust 2023 2,733 5,459 5,419 13,611
Additons 684 683
---------- ---------- ---------- ----------
Balance at 31stJuly 2024 2,733 5,459 6,103 14,294
---------- ---------- ---------- ----------
Accumulated depreciaton
Balance at 1stAugust 2023 2,733 5,332 4,978 13,043
Depreciaton charge for the year 32 281 313
---------- ---------- ---------- ----------
Balance at 31stJuly 2024 2,733 5,364 5,259 13,356
---------- ---------- ---------- ----------
Net Book Value at 31st July 2024 - 96 842 938
======= ======= ======= ======
Net Book Value at 31st July 2023 - 127 441 568
======= ======= ======= ======
**10. ** INVESTMENTS
2024 2023
£ £
Quoted investments listed on the UK stock exchange
Market value at 1stAugust 2023 986,486 981,486
Additons 216,884 161,091
Disposals (247,832) (150,850)
Gains/(losses) on disposals 75,284 4,471
Gains/(losses) on revaluaton 73,840 (9,661)
-------------- -------------
Market value at 31stJuly 2024 1,037,516 986,416
Historical cost 31stJuly 2024 929,685 935,273
-------------- -------------
Surplus/(defcit) on revaluaton 107,831 51,141
========= ========
The investments are analysed as follows:
UK Investments 307,526 319,641
Overseas investments 729,991 666,772
------------- ------------
Market Value at 31stJuly 2024 1,037,516 986,413
Cash held as part of investment portolio 78,070 26,491
------------- -------------
1,115,586 1,012,904
======== ========

There were two investments with a value of more than 5% of the value of the portfolio at 31[st] July 2024 (2023 – one). They were 301.83 Vanguard Investments UK US Equity Idx instl plus, and 2,409 Ishares Core S&P 500 UCITS ETF USD (Dist).

13

SOCIETY OF OUR LADY OF LOURDES

NOTES TO THE ACCOUNTS

For the year ended 31[st] July 2024

11. DEBTORS

2024 2023
£ £
Sundry debtors 2,607 6,866
Prepayments - -
Dividends due 2,052 1,508
------------ ------------
4,659 8,374
======= ========
12. CREDITORS: Amounts falling due within one year
2024 2023
£ £
Other creditors 104,761 6,834
======= ========

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fxed assets 938 - 568
Investments 1,115,586 - 1,012,904
Current assets 684 - 123,230
Current liabilites (104,761) - (6,834)
------------- ------------ ------------
Net assets at 31st July 2024 1,072,446 - 1,129,867
======== ======== ========
MOVEMENT IN RESTRICTED FUNDS
At 1-Aug-23 Incoming Outgoing Transfers At 31-Jul-24
Resources Resources In/(out)
£ £ £ £ £
Nurses/helpers
fund 23,513 - - - 23,513
------------ ------------ ------------ ------------ ------------
Nurses/helpers
fund 23,513 - - - 23,513
======= ======= ======== ======== ========

14. MOVEMENT IN RESTRICTED FUNDS

This fund represents a donation received to pay for the Society’s pilgrimage nurses and helpers to go to Lourdes for the first time.

14

SOCIETY OF OUR LADY OF LOURDES

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE

SOCIETY OF OUR LADY OF LOURDES

I report on the financial statements of the Society of Our Lady of Lourdes for the year ended 31[st] July 2024 on pages 6 to 14 which have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and the accounting policies set out on page 9.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity’s trustees of the Company (and also its directors for the purpose of Company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under Section 145 of 2011 Act (”the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Maurice Brindley BSc, FCA Brindley Jacob Chartered Accountants 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

04/22/2025 NY

Maurice Brindley BSc, FCA

Authorised to act as an independent examiner by virtue of being a fellow if the Institute of Chartered Accountants in England and Wales.

15