Registered Charity Number 1093506
## **THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL**
**TRUSTEES’ ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Trustees’ Annual Report for the period**
## **From 1 January 2023 to 31 December 2023**
## **Charity name: The Community of The Franciscan Friars of The Renewal Charity registration number: 1093506**
## **Objectives and Activities**
|**Objectives and Activities**|**Objectives and Activities**|**Objectives and Activities**|
|---|---|---|
|SORP
ref|||
|Summary of the purposes of
the charity as set out in its
governing document
Para
1.17
The trustees shall hold the trust fund and its income
upon trust and apply them towards the following
objects: (a) the relief of poverty, particularly among
the destitute; and (b) the advancement of the
Christian religion.|||
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para
1.17
and
1.19|The Community’s main activities are the relief of
poverty and the advancement of the Christian faith.
The Community works primarily with the vulnerable,
including children and young people, the poor and
the destitute. The wider public also benefits from the
Community’s religious activities.
The Community seeks to relieve poverty by providing
practical help to the poor and destitute, particularly in
the form of food, clothing, temporary shelter, showers
and transport. On occasion financial assistance is
given for home utilities.
Many of those who seek assistance from the
Community have difficulty manoeuvring through the
governmental social services. Help is, thus, regularly
offered to fill out forms, offer references, provide a
mailing address and advocate on behalf of the less
fortunate.
The members of the Community also seek to serve
the poor and the wider public through prayer ministry,
providing spiritual instruction and encouragement.
The Community does not charge for any of its
practical or spiritual services. However, in return for
the provision of some spiritual services, beneficiaries
often make a “free will” contribution towards the
Community’s expenses.|
1
||Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para
1.18|In determining the charity’s activities, the trustees
have had regard to the guidance issued by the
Charity Commission on public benefit.|
|---|---|---|---|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38||
|Policy on social
investment including
program related
investment|Para 1.38||
|Contribution made by
volunteers|Para 1.38|The Charity’s foundations rely heavily upon the
assistance of volunteers for the running of the
apostolates and their work with the poor. St. Pio
Friary (Bradford) and St. Fidelis Friary (London)
maintain soup kitchens, showers and clothing
distribution possible only through the generous
participation of volunteers. St. Columba Friary
(Derry) operates a drop-in centre/café with which
the friars are assisted by volunteers.|
|Other|||
## **Achievements and Performance**
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SORP reference
The London foundation was able to continue its
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|**Achievements and Performance**|**Achievements and Performance**|**Achievements and Performance**|
|---|---|---|
|SORP reference|||
|||The London foundation was able to continue its|
|Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to
society as a whole.|Para 1.20|“in house” lunch program on Tuesdays and
Thursdays. In addition, clothing, haircuts and
showers were available on Wednesdays. In each
of these areas, there was a continued marked
increase in recipients following the Covid
pandemic and initiation of the Ukraine crisis.
Financial assistance continued to be offered for
utilities, food and other essential miscellaneous
items. All of these were provided on a “as
requested/ as needed” basis.
In addition to the “hands-on” work with the poor,
the friars were involved in evangelistic and
spiritual care of the poor through home visits,
telephone conversations and street ministry. On
a monthly basis, friars and volunteers would go
out into the streets to search out and assist those
living rough.|
2
Monthly spiritual conferences, days of recollection, parish missions and annual retreats were offered to the general public. There were regular requests to make presentations to both Catholic and non-sectarian schools on the life and work of the friars with the less fortunate members of society. The Bradford community continues to develop its spiritual ministry in the heart of the city with the daily celebration of Mass, adoration and the availability of spiritual counsel at St. Patrick’s Mission Church. Monthly gatherings are offered for Christian formation. In addition, similar to the London foundation, retreats, days of recollection, parish missions and school visits are offered. The friars have been able to re-establish its “in house” soup kitchen three days a week. Similar to the experience of London, the friars have noted a significant increase in those utilizing their services. The friars in Derry have continued to develop their ministry of hospitality at the Padre Pio Café. This facility is a drop-in centre/ café which offers a safe place for fellowship, spiritual counsel, and a cup of tea.
In addition, the brothers work at a local Catholic secondary school offering counsel and spiritual guidance to the students. Similar to the other facilities, the friars conduct parish missions, days of recollections and retreats. Once a month the Derry friars facilitate a Healing Service at the local parish. On a weekly basis, people gather for discipleship training - prayer, teaching and socializing - at the friary.
In all of the ministries and works of the friars - both temporal and spiritual - a continued increase has been observed and increased. These works are possible through the generous support and assistance by numerous volunteers and gracious benefactors. Only through this generous support could the work of the friars be possible and maintained.
3
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
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The charity’s results show a deficit of
£58,091 (2022: £39,291) for the year and, as
a result, total funds were £458,962 (2022:
Review of the charity’s
£517,053) at the year-end.
financial position at the end Para 1.21
of the period
Reserves are divided into restricted
reserves, which may only be used for the
purpose for which the funds were donated,
and unrestricted reserves, which may be
used for any purpose approved by the
trustees. Restricted reserves comprise
sums donated specifically for projects the
trustees have identified as providing
particular benefits to the community, and
Statement explaining the include the Catholic Underground Project,
policy for holding reserves Para 1.22 Poverty Relief Project, St Joseph’s Parish
stating why they are held Hall Project, St Pio building fund,
Retreat/Associated programmes fund and
two Regional funds. The trustees’
unrestricted reserves policy is to hold
sufficient funds to cover six months
expenditure. Unrestricted funds stood at
£422,773 at the balance sheet date, of which
£105,517 is represented by fixed assets.
The remainder of £317,256 is sufficient to
support the trustees’ reserves policy.
Unrestricted reserves stood at £422,773,
Amount of reserves held Para 1.22
and restricted reserves at £36,189.
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any
uncertainties about the Para 1.23
charity continuing as a going
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4
concern
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
The charity’s principal
sources of funds (including
any fundraising) Para 1.47
Investment policy and
objectives including any
social investment policy Para 1.46
adopted
A description of the principal
risks facing the charity Para 1.46
Other
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## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document|Para 1.25|Trust Deed (dated 29 July 2002, as
amended 2 January 2007, 28 April 2014, 27
May 2020 and 25 July 2022).|
|How is the charity
constituted?|Para 1.25|Trust|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointed by existing trustees|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction and
training of trustees|Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
5
## **Reference and Administrative details**
|Charity name|The Community of The Franciscan Friars of The Renewal|
|---|---|
|Other name the charity uses||
|Registered charity number|1093506|
|Charity’s principal address|St Fidelis Friary
Killip Close
Canning Town
LondonE16 1LX|
**Names of the charity trustees who manage the charity**
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Name of person (or body)
Office (if Dates acted if not
Trustee name entitled to appoint trustee (if
any) for whole year
any)
Rev Bernard Marie Murphy, Treasurer
1 The trustees themselves
CFR
2 Mr Paul Hirst The trustees themselves
Fr Christopher Joseph
3 The trustees themselves
McBride, CFR
4 Fr Tansi (Peter) Ibisi, CFR Secretary The trustees themselves
5 Fr Michael Kmiotek, CFR Chairman The trustees themselves
6 Mr Henry Rocks The trustees themselves
Rev Tristan Paul Gavazzi
7 The trustees themselves
CFR
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– Corporate trustees names of the directors at the date the report was approved **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this fall within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
6
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## Trustees’ expenses:
The Community meets the very modest living expenses of its members, which include some trustees. During the year, this expenditure did not exceed £5,000.
## Related party transaction:
The Trustees confirm that there were no related party transactions during the year.
## **Declarations**
## **The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)** Fr Bernard Murphy **Full name(s)** Fr Bernard Murphy **Position (eg Secretary,** Trustee **Chair, etc) Date** 2 October 2024
7
|w™i
FOR ENGLAND AND WALES|Charity No
(if any)
1093506
Period start date
01/01/2023
To
Period end
date
31/12/2023
THE COMMUNITY OF FRANCISCAN FRIARS OF THE
RENEWAL
——————|Charity No
(if any)
1093506
Period start date
01/01/2023
To
Period end
date
31/12/2023
THE COMMUNITY OF FRANCISCAN FRIARS OF THE
RENEWAL
——————|Charity No
(if any)
1093506
Period start date
01/01/2023
To
Period end
date
31/12/2023
THE COMMUNITY OF FRANCISCAN FRIARS OF THE
RENEWAL
——————|Charity No
(if any)
1093506
Period start date
01/01/2023
To
Period end
date
31/12/2023
THE COMMUNITY OF FRANCISCAN FRIARS OF THE
RENEWAL
——————|Charity No
(if any)
1093506
Period start date
01/01/2023
To
Period end
date
31/12/2023
THE COMMUNITY OF FRANCISCAN FRIARS OF THE
RENEWAL
——————|Charity No
(if any)
1093506
Period start date
01/01/2023
To
Period end
date
31/12/2023
THE COMMUNITY OF FRANCISCAN FRIARS OF THE
RENEWAL
——————|Charity No
(if any)
1093506
Period start date
01/01/2023
To
Period end
date
31/12/2023
THE COMMUNITY OF FRANCISCAN FRIARS OF THE
RENEWAL
——————|Charity No
(if any)
1093506
Period start date
01/01/2023
To
Period end
date
31/12/2023
THE COMMUNITY OF FRANCISCAN FRIARS OF THE
RENEWAL
——————|i|
|---|---|---|---|---|---|---|---|---|---|
|**Section A Statement of financial activities**|**Section A Statement of financial activities**|||||||||
|**Recommended categories by**
**activity**
**Incoming resources (Note 3)**||Guidance Notes|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|||**Total funds**
**£**
F04|**Prior year**
**funds**
**£**
F05|
|**Income and endowments from:**||||||||||
|Donations and legacies||S01|198,332|35,278||-||233,610|253,757|
|Charitable activities||S02|28,695|-||-||28,695|34,084|
|Other trading activities||S03|-|-||-||-|2,400|
|Investments||S04|-|-||-||-|-|
|**_Total_**||S07|227,027|35,278||-||262,305|290,241|
|**Resources expended (Note 5)**||||||||||
|**Expenditure on:**||||||||||
|Charitable activities||S09|206,297|108,913||-||315,210|248,850|
|Other||S11|5,186|-||-||5,186|2,100|
|**_Total_**||S12|211,483|108,913||-||320,396|250,950|
|||||||||||
|**Net income/(expenditure) before investment**||||||||||
|**gains/(losses)**||S13|15,544|(73,635)||-||(58,091)|39,291|
|Net gains/(losses) on investments||S14|-|-|||-|-|-|
|**Net income/(expenditure)**||S15|15,544|(73,635)||-||(58,091)|39,291|
|**Extraordinary items**||S16|-|-||-||-||
|**Transfers between funds**||S17|(40,104)|40,104||-||-|-|
|**Other recognised** **gains/(losses):**||||||||||
|Gains and losses on revaluation of fixed assets for the charity’s own use|Gains and losses on revaluation of fixed assets for the charity’s own use|S18
Gains and losses on revaluation of fixed assets for the charity’s own use|-|-||-||-|-|
|Other gains/(losses)||S19|-|-||-||-|-|
|**_Net movement in funds_**||S20|(24,560)|(33,531)||-||(58,091)|39,291|
|**_Reconciliation of funds:_**||||||||||
|Total funds brought forward||S21|447,333|69,720||-||517,053|477,762|
|**_Total funds carried forward_**||S22|422,773|36,189||-||458,962|517,053|
1
## **Section B Balance sheet**
|**Fixed assets**
**Tangible assets (Note 8)**
**Heritage assets**
**Investments**
**_Total fixed assets_**
**Current assets**
**Stocks**
**Debtors (Note 9)**
**Investments**
**Cash at bank and in hand (Note 10)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 11)**
**_Net current assets_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds**
**Restricted income funds (Note 12)**
**Unrestricted funds (Note 12)**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
- - - -
-
105,517 - - 105,517
117,702
- - - -
-
- - - -
-|
|---|---|---|
|||105,517 - - 105,517
117,702|
|||- - - -
-
11,973 398 - 12,371
16,853
- - - -
-
310,023 35,791 - 345,814
382,498|
|||321,996 36,189 - 358,185
399,351|
|||4,740 - - 4,740
-|
|||317,256 36,189 - 353,445
399,351|
||||
|||422,773 36,189 - 458,962
517,053|
|||- - - -
-
- - - -
-|
|||422,773 36,189 -
458,962
517,053|
|||- - - -
-
- 36,189 - 36,189
69,720
422,773 - - 422,773
447,333
- - -
-|
|||422,773 36,189 - 458,962
517,053|
|||Date of
approval
dd/mm/yyyy
02/10/2024
Fr Bernard Murphy
Print Name
Signature
Fr Bernard Murphy|
2
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: Accounting and Reporting by Charities
- • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 the Financial Reporting Standard applicable in the United Kingdom and Republic of
- • and with* Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
* -Tick as appropriate
## **1.2 Going concern**
## _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support the conclusion that the charity is a _Not applicable_ going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; _Not applicable_ Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees _Not applicable_ prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
Yes* * -Tick as appropriate No* _**Please disclose: (i) the nature of the change in accounting policy;**_
3
_**(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.**_
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
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Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one
or more future periods.
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## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
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Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts,
the amount of the correction for each account line
item affected; and
(iii) the amount of the correction at the beginning of
the earliest prior period presented in the accounts.
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4
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.1 INCOME**
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This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or
additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources; and Yes No N/a
the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required or Yes No N/a
Offsetting permitted by the FRS 102 SORP or FRS 102.
Yes No N/a
Grants and donations are only included in the SoFA when the general income
Grants and donations recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the
Yes No N/a
extent that the charity has provided the specified goods or services as entitlement to the
grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in Yes No N/a
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period
Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift Yes No N/a
donations and gifts and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Contractual income and
performance related This is only included in the SoFA once the charity has provided the related goods or Yes No N/a
services or met the performance related conditions.
grants
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
Yes No N/a
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
Yes No N/a
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets Yes No N/a
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations Yes No N/a
when receivable.
Donated services and Donated services and facilities are included in the SOFA when received at the value of Yes No N/a
facilities the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
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5
|**Volunteer help**
**Grants with performance**
**conditions**
**2.3 ASSETS**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights.
This is included in the accounts when receipt is probable and the amount receivable
can be measured reliably.
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other
income in the SoFA.
**Accrued income**
No material item of accrued income has been included in the accounts.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS 102 SORP. Subsequent measurement is as per paragraphs
11.17 to 11.19, FRS 102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed on page 7.
**Intangible fixed assets**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**Settlement of insurance**
**claims**
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
**2.2 EXPENDITURE AND LIABILITIES**
The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Creditors**
**Governance and support**
**costs**
**Income from membership**
**subscriptions**
**Income from interest,**
**royalties and dividends**
**Liability recognition**
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
They are valued at cost or a reasonable value on receipt.
These are capitalised if they can be used for more than one year, and cost at least
£250
They are valued at cost.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|
6
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Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, Yes No N/a
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
Yes No N/a
They are valued at cost.
Investments Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year Yes No N/a
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a Yes No N/a
maturity date of less than 1 year are treated as current asset investments
Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable
Yes No N/a
progress value.
Goods or services provided as part of a charitable activity are measured at net realisable value based
Yes No N/a
on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Yes No N/a
Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at
Yes No N/a
settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they
are measured at the cash or other consideration expected to be received.
Current asset The charity has investments which it holds for resale or pending their sale and cash and cash
investments equivalents with a maturity date less than one year. These include cash on deposit and cash Yes No N/a
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED Depreciation policy:
ADDITIONAL TO OR Motor Vehicle - 25% reducing balance
DIFFERENT FROM Property Improvements - straight line over 20 and 25 years
THOSE ABOVE Fixtures and equipment - straight line over useful economic life (between 10 and 30 years)
**----- End of picture text -----**
7
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 188,998 35,278 - 224,276 230,521
and legacies: Gift Aid 9,334 - - 9,334 9,008
Legacies - - - - 8,148
Grants - - - - -
Membership subscriptions and sponsorships
which are in substance donations - - - - -
Donated goods, facilities and services - - - - 6,080
- - - - -
Total 198,332 35,278 - 233,610 253,757
Charitable
Mass and preaching stipends 28,695 - - 28,695 34,084
activities:
- - - - -
- - - - -
Other - - - - -
Total 28,695 - - 28,695 34,084
Other trading Income from rentals - - - - 2,400
activities: - - - - -
- - - - -
Other - - - - -
Total - - - - 2,400
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 227,027 35,278 - 262,305 290,241
**----- End of picture text -----**
8
**Section C Notes to the accounts (cont)**
## **Note 4 Donated goods, facilities and services**
|**Refurbishment works**
**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**
See accounting policies
**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
None
**Please give details of other forms of**
**other donated goods and services not**
**recognised in the accounts, eg**
**contribution of unpaid volunteers.**
The Community is grateful to its many volunteers.
**Vehicles**
**Independent examiner's and accountancy fees**
**Equipment**|**This year**
**Last year**
**£**
**£**
- 880
- 3,100
-
-
- 2,100|
|---|---|
||- 6,080|
|||
|**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**||
|**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
**Please give details of other forms of**
**other donated goods and services not**
**recognised in the accounts, eg**
**contribution of unpaid volunteers.**||
9
**Section C Notes to the accounts (cont)**
## **Note 5 Analysis of expenditure**
**----- Start of picture text -----**
Unrestricted Restricted Endowment
funds funds funds Total funds Prior year
Analysis £ £
Expenditure on Direct charitable expenditure:
charitable
Travel and meeting expenses 55,844 - - 55,844 41,029
activities
Depreciation - leasehold improvements 7,396 - - 7,396 7,396
Depreciation - motor vehicle 2,599 - - 2,599 2,755
Depreciation - fixtures 677 - - 677 923
Ministry expenses 44,752 2,200 - 46,952 43,884
Food bank supplies - 12,601 - 12,601 -
Alms for the poor and soup kitchen 5,490 40,002 - 45,492 49,910
Community welfare 11,947 - - 11,947 10,273
Evangelisation, Catholic Underground and
- 8,325 - 8,325 12,244
Pro-Life activities
Grants:
To further Pro-Life activities - 1,540 - 1,540 3,235
To further the work of evangelism - 19,565 - 19,565 13,415
To further the relief of poverty - - - - 700
For retreats and associated programmes - - - - 300
Establishment expenses:
Repairs and maintenance 8,451 24,680 - 33,131 12,289
Utilities 37,010 - - 37,010 32,591
Rent 12,600 - - 12,600 13,000
Insurance and taxes 3,618 - - 3,618 4,906
Website costs 15,000 - - 15,000 -
Loss on disposal of fixed assets 913 - - 913 -
Total expenditure on charitable activities
206,297 108,913 - 315,210 248,850
Other
Accountancy fees 2,370 - - 2,370 1,100
Independent examiner's fee 2,370 - - 2,370 1,000
Legal fees 446 - - 446 -
- - - - -
- - - - -
Total other expenditure 5,186 - - 5,186 2,100
TOTAL EXPENDITURE 211,483 108,913 - 320,396 250,950
**----- End of picture text -----**
10
**Section C Notes to the accounts (cont)**
## **Note 6 Details of certain items of expenditure**
## **6.1 Fees for examination of the accounts**
## _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Other fees (for example: financial advice, consultancy, accountancy services)**
**paid to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**Last year**
**£**
**£**
2,370
1,000
- -
- -
2,370
1,100|
|---|---|
11
**Section C Notes to the accounts (cont)**
## **Note 7 Grantmaking**
## _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **7.1 Analysis of grants paid (included in cost of charitable activities)**
**----- Start of picture text -----**
Grants to Grants to Support
Analysis institutions individuals costs Total
£ £ £ £
To further Pro-Life 1,540 - Nil 1,540
To further the work of evangelism 19,255 310 Nil 19,565
Total 20,795 310 Nil 21,105
**----- End of picture text -----**
## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **7.2 Grants made to institutions**
|**_My charity has made grants to particular institutions that are material_**
**_in the context of its grantmaking._**
**_Details of the institution supported, purpose of the grant and total paid_**
**_to each institution is available on the charity's web site._**|**_No_**
**_Please_**
**_provide_**
**_details of_**
**_charity's_**
**_URL._**
**_Yes_**
**_Provide_**
**_details_**
**_below_**|
|---|---|
|**_Yes_**
**_Details of the institution supported, purpose of the grant and total paid_**
**_to each institution is available on the charity's web site._**|**_Provide_**
**_details_**
**_below_**|
|---|---|
|**_TOTAL GRANTS PAID_**
Support
Support
Precious Life
Human Life International (Ireland)
NET Ireland
St Edwards Catholic School
Support
Support
Support
Support
Rachel's Vineyard
Support
Madonna House
St Patrick's Mission
Support
**_Other grants_**
Support
**_Total grants to institutions in reporting period_**
Sisters of Mary Morning Star
Good Counsel Network
**Purpose**
Support
Support
Support
Saint Margaret's Church, Canning Town
St Helen's Primary Aschool
**Names of institution**
Craig Lodge Trust|**Total**
**amount of**
**grants**
**paid £**
8,275
5,000
1,500
1,130
1,000
1,000
800
600
540
400
300
250|
||20,795
310|
||21,105|
12
**Section C Notes to the accounts (cont)**
## **Note 8 Tangible fixed assets**
## _**Please complete this note if the charity has any tangible fixed assets**_
## **8.1 Cost or valuation**
**----- Start of picture text -----**
Freehold Property Plant, Fixtures, fittings Total
land & improvements machinery and equipment
buildings and motor
vehicles
£ £ £ £ £
At the beginning of
- 162,320 18,550 10,296 191,166
the year
Additions - - - -
Revaluations - - - - -
Disposals - - (6,800) - (6,800)
Transfers * - - - - -
At end of the year - 162,320 11,750 10,296 184,366
8.2 Depreciation and impairments
Straight Line
("SL") or
**Basis SL or RB SL or RB SL or RB SL or RB SL or RB Reducing
Balance
("RB")
** Rate 4% & 5 % SL 25% RB 3.33% & 10% SL
At beginning of the
- 62,480 7,633 3,351 73,464
year
Disposals - - (5,287) - (5,287)
Depreciation - 7,396 2,599 677 10,672
Impairment - - - - -
Transfers* - - - - -
At end of the year - 69,876 4,945 4,028 78,849
8.3 Net book value
Net book value at the
- 99,840 10,917 6,945 117,702
beginning of the year
Net book value at the
- 92,444 6,805 6,268 105,517
end of the year
**----- End of picture text -----**
13
**Section C Notes to the accounts (cont)**
## **Note 9 Debtors and prepayments**
_**Please complete this note if the charity has any debtors or prepayments.**_
|**_Please complete this note if the charity has any_**
**_debtors or prepayments._**
**Note 9 Debtors and prepayments**||
|---|---|
|**9.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**Last year**
**£**
**£**
- -
3,179 7,845
9,192 9,008|
||12,371 16,853|
14
**Section C Notes to the accounts (cont)**
## **Note 10 Cash at bank and in hand**
|**Note 10 Cash at bank and in hand**||
|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**Last year**
**£**
**£**
- -
- -
345,814 382,498
- -|
||345,814 382,498|
15
**Section C Notes to the accounts (cont)**
## **Note 11 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **11.1 Analysis of creditors**
## **Accruals for grants payable Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**----- Start of picture text -----**
Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
- - - -
- - - -
- - - -
4,740 - - -
- - - -
- - - -
Total 4,740 - - -
**----- End of picture text -----**
16
## **Section C Notes to the accounts (cont)**
## **Note 12 Charity funds**
## **12.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Pro-Life Fund R To further Pro-Life activity - 248 (1,540) 1,292 -
Poor Fund R To further the relief of poverty - 29,050 (40,002) 10,952 -
To hold donations for Catholic
Catholic Underground R 7,566 579 - - 8,145
Underground project
Evangelism R To further evangelism in communities - 30 (27,890) 27,860 -
St Pio House (formally St To hold for the repairs of St Joseph's
R 44,244 5,371 (24,680) (2,250) 22,685
Joseph's Parish Hall) Parish Hall
St Pio Building and Food Bank To renovate the Apostolic Centre and to
R 10,351 - (12,601) 2,250 -
Fund refurbish a cellar to provide a food bank
To hold donations for retreat and
Retreat/Associated programmes R 6,204 - (2,200) - 4,004
associated programmes
St Fidelis Regional Servant To hold donations for St Fidelis' regional
R 755 - - - 755
Fund fund
St Pio Regional Servant Fund R To hold donations for St Pio's regional fund 600 - - - 600
To hold donations for general purpose of
Unrestricted Fund U 447,333 227,027 (211,483) (40,104) 422,773
the charity
Total Funds 517,053 262,305 (320,396) - - 458,962
**----- End of picture text -----**
17
**Section C Notes to the accounts (cont)**
## **Note 12 Charity funds (cont)**
## **12.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure * Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U -**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Pro-Life Fund R To further Pro-Life activity - 317 (3,235) 2,918 -
Poor Fund R To further the relief of poverty - 18,208 (28,424) 10,216 -
Covid-19 Relief Project R To help the disadvantaged 15,000 - (15,000) - -
To hold donations for Catholic
Catholic Underground R 6,505 1,061 - - 7,566
Underground project
Evangelism R To further evangelism in communities 11,389 370 (25,659) 13,900 -
St Pio House (formally St To hold for the repairs of St Joseph's
R 45,404 - (1,160) - 44,244
Joseph's Parish Hall) Parish Hall
To renovate the Apostolic Centre and to
St Pio Building Fund R 16,746 - (6,395) - 10,351
refurbish a cellar to provide a food bank
Retreat/Associated To hold donations for retreat and
R 7,659 1,000 (2,455) - 6,204
Programmes associated programmes
St Fidelis Regional Servant To hold donations for St Fidelis' regional
R 755 - - - 755
Fund fund
St Pio Regional Servant
R To hold donations for St Pio's regional fund 600 - - - 600
Fund
To hold donations for general purpose of
Unrestricted Fund U 373,704 269,285 (168,622) (27,034) 447,333
the charity
Total Funds 477,762 290,241 (250,950) - - 517,053
**----- End of picture text -----**
18
**Section C Notes to the accounts (cont)**
## **Note 12 Charity funds (cont)**
## **12.3 Transfers between funds**
**----- Start of picture text -----**
Reason for transfer and where endowment is converted to Amount
income, legal power for its conversion
Between unrestricted and
restricted funds To finance a deficit on restricted funds. £ 40,104
Between endowment and
restricted funds
Between endowment and
unrestricted funds
**----- End of picture text -----**
|**12.4**|**Designated funds**|||
|---|---|---|---|
||**Planned use**|**Purpose of the designation**|**Amount**|
|||||
|||||
|||||
|||||
|||||
|||||
18
**Section C Notes to the accounts (cont)**
## **Note 13 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **13.1 Trustee remuneration and benefits**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
**TRUE**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**|**Last year**
**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
**Amounts paid or benefit value**
**This year**|
|---|---|
_**Please give details of why remuneration or other employment benefits were paid.**_
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
## **13.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False)**
**----- Start of picture text -----**
FALSE
**----- End of picture text -----**
**The Community meets the very modest living expenses of its members, who include trustees. In addition, total travel and sundry expenes were reimbursed to seven trustees. During the year under review, this expenditure did not exceed £5,000 (2022: £5,000).**
|**Accommodation**
**Other (please specify):**
**Please provide the number of trustees reimbursed for**
**expenses or who had expenses paid by the charity**
**Travel**
**Subsistence**
**Type of expenses reimbursed**|**This year**
**Seven**
**TOTAL**
**Last year**|
|---|---|
20
## **13.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
**There have been no related party transactions in the reporting period (True or False)**
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|**There have been no related party transactions in the reporting**||||**period (True**|**or False)**||||**_TRUE_**||
||||||||||||
|||||||||||**Amounts**|
|**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**||**Amount**||**Balance at**
**period end**|**Provision for bad debts**
**at period end**|||**written off**
**during**
**reporting**
|
|||||||||||**period**|
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
21
**Section C Notes to the accounts (cont)**
## **Note 14 Leasing agreements**
## **Minimum lease payments on non-cancellable operating leases fall due as follows:**
|**More than five years**
**Within one year**
**Between one and five years**
**Total**|**This year**
**Last year**
**£**
**£**
12,600 15,346
10,400 10,400
26,000 28,600|
|---|---|
||49,000 54,346|
22
**Independent examiner's report on the accounts**
|**Section A Independent Examiner’s Report**|**Section A Independent Examiner’s Report**|**Section A Independent Examiner’s Report**|
|---|---|---|
|**Report to the trustees/**
**members of**||The Community of The Franciscan Friars of The Renewal|
||||
|**On accounts for the year**
**ended**||31 December 2023
**Charity no**
**(if any)**1093506|
||||
|**Set out on pages**||One to twenty-two of Form CC17|
|||I report to the trustees on my examination of the accounts of the above|
|||charity (‘the Trust’) for the year ended 31 December 2023.|
|**Responsibilities and**
**basis of report**||As the charity’s trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011 (‘the|
|||2011 Act’).|
|||I report in respect of my examination of the Trust’s accounts carried out|
|||under section 145 of the 2011 Act and in carrying out my examination, I|
|||have followed all the applicable Directions given by the Charity Commission|
|||under section 145(5)(b) of the 2011 Act.|
|**Independent examiner’s**||The charity’s gross income exceeded £250,000 and I am qualified to|
||**statement**|undertake the examination by being a qualified member of the Association|
|||of Chartered Certified Accountants.|
|||I have completed my examination. I confirm that no material matters have|
|||come to my attention in connection with the examination which gives me|
|||cause to believe that in, any material respect:|
|||1. accounting records were not kept in respect of the Trust as required by|
|||section 130 of the 2011 Act; or|
|||2. the accounts do not accord with those records; or|
|||3. the accounts do not comply with the applicable requirements concerning|
|||the form and content of accounts set out in the Charities (Accounts and|
|||Reports) Regulations 2008, other than any requirement that the accounts|
|||give a ‘true and fair view’, which is not a matter considered as part of an|
|||independent examination.|
|||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.|
||**Signed:**|Alfonso Del Basso
**Date:**
2 October 2024|
||||
||**Name:**|Alfonso Del Basso, FCCA|
||||
|**Relevant professional**||Fellow of the Association of Chartered Certified Accountants|
|**qualification(s) or body**|||
|||Keelings Limited, Chartered Certified Accountants and Chartered Tax|
||**Address:**|Advisers, Broad House, 1 The Broadway, Old Hatfield, Hertfordshire, AL9|
|||5BG|
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