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2023-12-31-accounts

CONSTRUCTIONANDRECONSTRUCTION CONSTRUCTIONANDRECONSTRUCTION
Albanla Completion worksforthechurchTheAscension of ourLadytoHeaveninNarac
Colombla Constructionofthe chapetintheEpiscopal Curla
Bangtadesh ConstructionofaJesuitNoviilate in Bangtadesh at Mothbari Gazlpu
Nlgerla Additionat accommodation facitityforthe conventoftheAugustinian Sistersin Jaungo
TRAININGOFPRIESTSANDRELIGIOUS
Venezuela ípteship
Thomas Aqu
on
Formatl
40
of
lsc
d
at
seminarians
st.
inas Diocesan Seminary
Papua-New seminarians atditferentseminariesofWabag
Support for23
dlocese
Gulnea
MASS STIPENDS
Cameroon 2,300 Ordi naryMassesfor 76 priestsinthe Diocese of Nkongsamba
Srl Lanka Ordin
600
+
Masses
60 Novena
+
ary
Masses
20
nan Masses
Grego
for 30 priests of Satesian
Province
Vlce
st.
of
BurklnaFaso 2,800 OrdlnarVMasses+183Triduum
rian Masses
+28 Grego
for 61prlests intheDiocese
ofFadaN'GouÍma
SUBSISTENCE HELP FOR RELIGIOUS
SouthAfilca cehelp for the Carmetite monastery lnCapeTown
Existen
Bollvia aldfor52Salesian Missionary Sisters
Exlstence
Kazakhstan Livetlhood asslstance for 60
Sistersinthe ArchdloceseofAstana
MEANSOFTRANSPORT FOR PASTORAL CARE
Zambla motorcyctesand30bicyctes forpastoral outreach
10
Egvpt Newmicrobusforthe activitiesofthediocesancatechism otfice
Ukralne minibusesforCARTTASSPESinUkraine
Two
FAITHFORMATIONOF LAITY
lraq coursesandYouthactivitiesinSutaimaniyah
Catechism
Paklstan Promotlng
Three Years
Awareness
Community
for
e
Programm
lnterfaith Harmony
EMERGENCY ASSISTANCE
Lebanon Emergency Aldfor foodboxesfor 600famiiles
Syrla Em
to
ald
houses
ergency
repair
of
famities
Chrlstian
ln
Ateppo
after 6rh February 2023
ke
a
lcat
Ecumen
Comm
Retlef
ittee
Myanmar elp
refugees
Taungngu
h
the
for
cy
in
dlocese
DISTRIBUTIO N OFBIBLES,RELIGIOUS BOOI(SANDMEDIA
GentraIAfrlcan Retaunch 2oftheradio,'Bé-Oko,,of thedlocese of Bambari
Guba 10,000copiesoftheBibte, Book ofthePeopteof God
Mozamblque neWord Missionariesin
43,350copiesofthe African Hoty BibtefortheDivi
Maputo

Forthe yeare nded3lDec ember2023
Unrestricted Restricted Total Total
Notes Funds Funds 2023 2022
Ê Ê â f
lncome and Expenditure
lncome
Donations and Grants 2 4,795,918 2,6't3,492 7,409,410 7,991,778
Legacies received 3 2,098,684 347,510 2,446,194 1,440,787
Legacies receivable 3 2,716,248 20,600 2,736,848 2,363,388
Other trading activities 4 365,871 365,871 353,515
Total lncome 12 9,976,721 2,981,602 12,958,323 12,14s,467
Expenditure
Expenditure on raising funds
Raising funds 1,178,844 1,178,844 1,057,114
Fundraising trading: cost ofgoods sold 239,240 239,240 252,O99
Charitable activities
Grantsprogramme 13 5,860,846 3,084,484 8,945,330 7,855,757
Education and communication 968,282 968,282 857,908
Support services 725,545 725,545 689,597
Total Expenditure 5 8,972,757 3,084,484 12,057,241 10,712,475
Netlncome/ (Expenditure) 1,003,963(102,882) 901,082 1,436,992
Other recognised gains/(losses)
Net (losses)/gains on investments (817) (817) s,801
Net MovementinFunds 1,003,146(1 02,882) 900,265 1,442,793
Fund balances bfwdat1January 3,868,112 614,471 4,482,583 3,039,789
Fundbalancescñ¡vdat31December 14 4,871,258 511,589 5.382.847 4,482,583

Notes Group
2023
2022 2023
Gharity
2022
g Ê Ê
Fixed Assets
TangibleFixedAssets
lnvestments
7
I
985,601 1,028,607
36,
698
985,601
100
1,028,607
36,798
985,601 1,065,305 985,701 1,065,405
Gurrent Assets
Stockandwork in progress
Debtors
I 82,284
4,019,347
94,008
2,456,746
4,207,463 2,694,403
Cash at bank and inhand 584,016 1,1't9,204 353,715 894,209
4,685,648 3,669,958 4,561,178 3,588,6r2
Greditors:Amounts falling due
withinoneyear 10 288,401 252,681 165,2',t2 173,395
NetCurrent Assets 4,397,247 3
17,278
4,395,965 3,415,217
NetAssets 14 5,382,847 4,482,583 5,381,666 4,480,622
Funds
Unrestricted 4,804,204 3,783,112 4,803,023 3,781,151
Designated 14 83,000 85,000 83,000 85,000
Restricted 12 495,644 614,471 495,644 614,471
5,382,847 4,482,583 5,381,666 4,480,622


For the year ended3l
Reconciliationofnet income
tonetcashflowfrom operatingactivities

December2023
2023 2022
â Ê
NetMovement in Funds 900,265 1,442,793
Adjustmentsfor:
Depreciation 51,269 48,122
Net (gains)/lossesoninvestments
lnvestmentincome
817
(13,573)
(5,801)
(2,445)
Decrease/ (lncrease)instock 11,724 (26,843)
(lncrease)/decreasein debtors (1,562,602) (702,357)
lncrease/(decrease)increditors (19,649) 50,349
Cashflow fromoperatingactivities
Netcashprovidedbyoperatingactivities _(631tn 803,818
Cashflowsfrom investingactivities
lnvestment incomeandinterest received 13,573 2,445
Proceedsfromdisposaloffixed assetinvestments
Payments to acquire tangiblefixedassets
27 616
(590,559)
(25.913)
780,350
Netincrease/decrease in cashand cash equivalents (590,559) 780,350
Openingcashbalanceatthebeginningofthe year
Closingcash balanceattheend of the year
1,119.206
_528,647
338,856
_1,119,206

r2023(conti nued)
Unrestricted Restricted Total
Funds
t
1,165,629
514,059
137,671
268,875
322,697
1,045,601
1,053,207
18,467
194,821
15,764
59,137
214,011
32,129
133,992
2,835
Funds
Ê
1,079,956
773,143
115,672
188,932
50,288
23,744
2023
â
2,244,495
1,287,202
253,343
457,807
372,976
1,069,345
1,053,207
232,479
226,949
149,646
61,972
4.795,919 2,613,492 7,409,410
Unrestricted Restricted Total
Direct Marketing
Web
Major Donors
Community Outreach
Other
RegularGiving
Gift Aid
Trust lncome
Gifts ofFaith
RedWednesday and Events
lnMemoriamGiving
Funds
f
1,406,851
568,524
275,400
299,432
316,786
1,140,297
917,504
198,792
151,704
14,485
0
Funds
Ê
1,079,032
884,856
234,076
251,856
123,276
1,550
111,012
17,344
2022
â
2,485,883
1,453,380
509,476
550,288
440,062
1,141,947
917,504
309,804
169,049
14,485
0
5,299,776 2,703,002 7,ggl,778

Legacies Received andReceivabte Unrestricted Restricted Total
Funds Funds 2023
LegaciesReceived
Legacies Receivable
See noteg â
2,099,694
2.716.248
â
347,510
20.600
e
2,446,194
2.736,848
4,814,932 368,110 5,193,042
Unrestricted Restricted Total
Funds Funds 2022
Legacies Received
Legacies Receivable
See note9 f,
1,365,467
2,326,888
3,692,355
Ê
75,320
36,500
111,920
Ê
1,440,797
2,363,399
3,804,175

Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Merchandising income
Bank lnterest
Rentreceivable
Ê
323,298
13,573
000
û f
323,298
13,573
29.000

322,070
2,445
29,000
365,971 365,871 353,515

Notes
Grantsprogramme13
Educationand Communication
Supportservices
Costofraisingfunds
Fundraising trading
Staff
OtherDepreciation
Costs
€Ê€f-
8,945,330
-
583,062385,221
-
223,781450,494
51,269
1,034,015144,829
-
-
239,240
-
1ß40,85810,165J14 51,
Total
2023
8,945,330
968,282

725,545
1,178,844
239,240
1M
g g
1ß40,858
,
10,165J


14 51,
,
1M
Staff Other Depreciation Total
Notes Costs 2022
I
Grantsprogramme 13 7,855,757 7,855,757
Educationand Communication 498,779 359,129 857,908
Support services 214,769 426,705 48,122 689,596
Costofraisingfunds 934,829 122,285 1,057,114
Fundraisingtrading 252.099 252.O99
1.648.377 9.015.975 48 122 10.712.474
Group
2023
€Ê
Group
2022
Governance costs comprise:-
ShareofSalaries 8,534 8,663
StatutoryAudit - Charity 22,450 23,150
StatutoryAudit-ACN TradingLtd 3,680 3,1s0
Legaland professional 4,544 3,766
StrategicPlanning 650
Board meetings 4,153 459
43,360 39.838
Support Services includes
Group Group
2023 2022
â Ê
StaffCosts 223,781 214,770
OfficeRentand Rates 61,101 44,408
lnsurance 5,447 9,179
Cleaning 17,336 17,827
OfficeRepairsand Maintenance 14,409 31,743
lT support 116,938 78,560
OtherOfficecosts 77,961 42,151
Phone 23,525 23,084
Bank Charges 75,496 74,871
Audit 22,450 23,151
Legaland Consultancy 8,696 7,336
Recruitment 27,133 74,394
Depreciation 51.269 48,122
725,545 689,596

StaffCosts
Group and Charity
2023
2022
StaffCosts consist of: Ê
Salaries
Socialsecuritycosts
Pension Costs
Health insurance
1,581,970
163,722
78,248
17,589
1,410,237
149,042
73,022
16,077
1,841,530 I,648,378

TangibleFixedAssets
Groupand Gharity Freehold PropertyOffice Gomputer Total
Property Refurbishment Fixturesand Equipment
Equipment Ê
Cost
At1January2023 1,152,750 46,310 84,745 1,283,805
Additions 2,000 6,263 8,263
Write-offs (43,365) (43,365)
At31December2O23 1,152,750 2,000 46,310 47,642 1,248.702
Depreciation
At1January 2023 185,858 18,989 50,351 255,198
Chargeforperiod 11,528 15,437 24,304 51,269
Write-offs (43.365) (43,365)
At31December2023 197385 0 34426 31290 263101
Net Book Value
At31December2023 955,365 2,000 11,884 16,352 985,601
At31December2022 966.892 0 27.321 34.394 1,028,607

lnvestments
Group 2023 2022
Ê Ê
Disposals
Marketvalueasat1January 36,698 30,896
Disposal (36,166)
Net lnvestment gain/(loss) (532) 5.801
Market Valueat 31December 2019 36,698
lnvestments consist of the following shares:
ThomsonReutersGroup - 4,264

Relevantfinancialinformation regardingACNTradingLi mitedis asfollows.
2023 2022
Ê Ê
Turnover 323,298 322,070
Cost of Sales (216,746|
Gross Profit 106,552 92,979
Otheroperatingincome 1,724 400
Administrative expenses (22,494) (23,008)
Net profit before taxation 85,782 70,370
CorporationTax
Net (loss)/ profit after taxation 85,782 70,370
Transferred to Aid totheChurch in Need(UK)
Service Charge (79,942) (75,353)
Loanlnterest (5,552) (3,731)
G¡ft A¡ddonation (46)
Retained in subsidiary 2BB (8,760)
Aggregatecapitaland reserves 1,674 1,386

Debtors
Group
2023
Â
2022
Ê
2023I 2022
Ê
Trade Debtors 53,641 41,318 35,833 34,456
lncome Tax recoverable 44,266 126,068 44,266 126,068
Prepayments 24,748 16,353 22,678 14,725
Accrued lncome 60,000 60,000
Legacies Receivablecfr¡vd 3,836,692 2,273,007 3,836,692 2,273,007
Loanto subsidiary undertaking 207,994 246,147
4,019,347 2,456,746 4,207,463 4q91,499
Loan to trading subsidiary:
lnterestischaçedontheloanto the subsidiary
The loanissecured on the assets of the trading
at2.5o/oover bankrate.
company.
The table below shows the relationship between
Legacies Receivablebñrd
cashreceived for legaciesreceivable
LegaciesReceivable
AccruedLegacy(debtor)andLegacy Receivable (income)
Group
Charity
2023
2022
2023
2022
Ê8€Ê
2,273,007
1,499,540
2,Z7\,OO71,499,540
(1,173,163) (1,s89,92i)
(1,173,163)(j,589,921)
2,736,848 2,363,398
2,79634A2,363,389
Legacies Receivablecfrvd 3,836,692
3,836,692
J273,0o7

Creditors
Group Charity
2023 2022 2023 2022
â Ê
Trade creditors 69,673 97,249 27,826 40,618
Other taxes and social security costs 71,874 72,313 56,321 57,862
Other creditors 55,369
Accruals 39,357 55,619 28,936 47,414
Project Fundsinadvance 24,629 24,629
Loan from benefactor 27,500 27,50; 27,500 27,500
288.401 252,681 165,212 __123,99!_

Fortheye
arended

31 Decembe

r2023(cont

r2023(cont
inued) inued)
tZ RestrictedFundsiGroup and Gharity Opening lncoming Resources Closing
Balance Funds Outgoing Balance
Purpose ofDonation-2023 I I Ê
Africa 330,495 330,495
Asia 127,715 127,7',15
Europe 584,476 297,738 881,413 801
Latin America 47,644 47,644
Middle East 1,115,029 799,671 315,357
Mass Offerings 29,995 997,779 851,040 176,734
Construction 5,760 5,760
Education, MediaandChild Bibles 11,101 8,350 2,75',1
Formation 4,784 4,784
Refugees 15,946 15,946
Seminarians 7,621 7,621
Sisters 6,241 6,241
Transport 13,750 13,750
614,471 __?p81,602 3, 100,430 495,644
Opening Incoming Resources Glosing
Balance Funds Outgoing Balance
PurposeofDonation -2022 Ê Ê â Ê
Africa 60,700 131,018 191,718
Asia 164,466 164,466
Europe 1,245,571 661,095 584,476
Latin America 2,589 2,589
Middle East 316,088 316,088
Mass Offerings 78,825 608,046 656,876 29,995
Construction 90 90
Education, MediaandChild Bibles 13,307 13,307
Formation 1,076 1,076
Refugees
Seminarians 10,311 10,311
Sisters 2,060 2,060
Transport 139,5252,494,876
254
254
2,019,930
614,471
13 A¡dGranted:Groupand Charity
Grants made duringtheperiodwere distributed
asfollows 2023 2022
ByRegion â â
Africa 2,885,072 2,684,131
Asia 1,666,297 1,703,677
Eastern Europe 1,805,460 1,568,981
Latin America 796,935 697,264
Middle East 1,791,566 't,201,706
TotalAidPayments 8,945,330 7 757
2023 2022
ByFundingType !
Mass Stipends 851,040 822,761
CatecheticalandFormation 1,313,220, 763,020
Construction 3,269,203 2,417,919
Education, MediaandChild Bibles 650,325 675,433
HumanitarianAssistance 1,047,933 1,144,415
Seminarians 562,923 518,223
Sisters 733,333 804,387
Transport 517,354 709,601
TotalAidPayments 8,945,330 7,855,757

A id to the GhurchinNeed(United Kingdom)
NotestotheAccounts
id to the GhurchinNeed(United Kingdom)
NotestotheAccounts
id to the GhurchinNeed(United Kingdom)
NotestotheAccounts
id to the GhurchinNeed(United Kingdom)
NotestotheAccounts
14 TotalFunds
For
the year ended31 December 2023(continued)
Unrestricted UnrestrictedRestrictedTotal
Funds
Funds
Funds
Funds
2023 2023 2023 2023
r Ê â
TangibleFixedAssets 985,601 985,601
lnvestments
Cash 33,004 495,644 528,647
Legacies receivable cfwd 3,836,692 3,836,692
Othernetcurrent assets 31,907 31,907
Current Assets 3,901,603
4,887,204495,644
5,382,847
DesignatedFund 83,000
Free reserves 3,818,603
4,887,204
Free reserves
excluding legacles receivable cfwd (18,089)
2022 2022 2022 2022
G r â
TangibleFixedAssets 1,028,607 1,028,607
lnvestments 36,698 36,698
Cash 504,733 614,471 1,119,204
Legacies receivable cfwd 2,273,007 2,273,007
Othernetcurrent assets 25,066 2s,066
Current Assets
3,868,112 614,471 _1,482,583
DesignatedFund 85000
Free reserves 2,754.504
3,868,1l2
Free reserves
excluding legacies receivable cfwd 481,497
2023
I
2022
Totalincome perSOFA 12,958,323 12,149,467
income from other trading activites (per
legacies receivable (perSOFA)
SOFA)
2,736,848
(36s,871) 2,363,388 (353,515)
Legacies cash received (note 9)
(1,173,163)
(1 1)
adjust: legacies receivable for cash (1,563,685) (773,467)
use of balance sheet items, mainly cash 662,603
TOTAL CASHAVALABLEFOR THE CHARITY 11,691,371 11,022,486

Unrestricted Restricted Total Total
Notes Funds Funds 2023 2022
Ê Ê
lncome andExpenditure
lncome
DonationsandGrants 2 4,795,918 2,613,492 7,409,410 8,075,197
Legacies received 3 2,098,684 347,510 2,446,194 1,393,867
Legacies receivable 3 2,716,248 20,600 2,736,848 2,326,888
Other trading activities 4 127,410 127,410 99,454
Totallncome 12 9,738,2602,981,602 12,719,863 11,895,407
Expenditure
Expenditure on raising funds 1,178,844 .1,178,844 1,057,114
Charitable activities
Grantsprogramme 13 5,860,846 3,084,484 8,945,330 7,855,757
Educationandcommunication 968,282 968,282 857,908
Support services 725,545 725,545 689,596
TotalExpenditure 5 8,733,517 3,O84,484 11,818,001 10,460,375
NetIncome /(Expenditure) 1,004,743(102,882) 901,861 1,435,032
Otherrecognisedgains/(losses)
Netgains/(losses) on investments (817) (817) 5,801
NetMovementinFunds 1,003,926 (102,882) 901,044 1,440,833
Fund balances bfwd at'1 January 3,
.112
614.471 4,480,622 3,039,7E9
Fund balancescñrydat 31Decembe14 787.038
4,
511,589 __lgq]-'qqq 4