## 



## 



## 



## 

## 



## 

## 



## 

## 

## 



## 

## 

## 



## 

## 



## 




## 

## 




|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<br>Thomas Aqu<br>on<br>Formatl<br>40<br>of<br>lsc<br>d<br>at<br>seminarians<br>st.|inas Diocesan|||||Seminary|||
|Papua-New|seminarians atditferentseminariesofWabag<br>Support for23||dlocese|||||||
|Gulnea||||||||||
|MASS STIPENDS||||||||||
|Cameroon|2,300 Ordi naryMassesfor 76 priestsinthe Diocese of Nkongsamba|||||||||
|Srl Lanka|Ordin<br>600<br>+<br>Masses<br>60 Novena<br>+<br>ary<br>Masses<br>20<br>nan Masses<br>Grego|||for|30|priests||of|Satesian|
||Province<br>Vlce<br>st.<br>of|||||||||
|BurklnaFaso|2,800 OrdlnarVMasses+183Triduum<br>rian Masses<br>+28 Grego||for 61prlests||||intheDiocese|||
||ofFadaN'GouÍma|||||||||
|SUBSISTENCE HELP FOR RELIGIOUS||||||||||
|SouthAfilca|cehelp for the Carmetite monastery lnCapeTown<br>Existen|||||||||
|Bollvia|aldfor52Salesian Missionary Sisters<br>Exlstence|||||||||
|Kazakhstan|Livetlhood asslstance for 60<br>Sistersinthe ArchdloceseofAstana|||||||||
|MEANSOFTRANSPORT FOR PASTORAL CARE||||||||||
|Zambla|motorcyctesand30bicyctes forpastoral outreach<br>10|||||||||
|Egvpt|Newmicrobusforthe activitiesofthediocesancatechism otfice|||||||||
|Ukralne|minibusesforCARTTASSPESinUkraine<br>Two|||||||||
|FAITHFORMATIONOF LAITY||||||||||
|lraq|coursesandYouthactivitiesinSutaimaniyah<br>Catechism|||||||||
|Paklstan|Promotlng<br>Three Years<br>Awareness<br>Community<br>for<br>e<br>Programm||lnterfaith Harmony|||||||
|EMERGENCY|ASSISTANCE|||||||||
|Lebanon|Emergency Aldfor foodboxesfor 600famiiles|||||||||
|Syrla|Em<br>to<br>ald<br>houses<br>ergency<br>repair<br>of<br>famities<br>Chrlstian<br>ln<br>Ateppo||after|6rh|February|||2023||
||ke<br>a<br>lcat<br>Ecumen<br>Comm<br>Retlef<br>ittee|||||||||
|Myanmar|elp<br>refugees<br>Taungngu<br>h<br>the<br>for<br>cy<br>in<br>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<br>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<br> 2023|2022|2023<br>Gharity|2022|
|---|---|---|---|---|---|
|||g|€|Ê|Ê|
|Fixed Assets||||||
|TangibleFixedAssets<br>lnvestments|7<br>I|985,601|1,028,607<br>36,<br>698|985,601<br>100|1,028,607<br>36,798|
|||985,601|1,065,305|985,701|1,065,405|
|Gurrent Assets||||||
|Stockandwork in progress<br>Debtors|I|82,284<br>4,019,347|94,008<br>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<br>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|







## 

## 

|<br>For the year ended3l<br>Reconciliationofnet income<br>tonetcashflowfrom operatingactivities|<br>December2023||
|---|---|---|
||2023|2022|
||â|Ê|
|NetMovement in Funds|900,265|1,442,793|
|Adjustmentsfor:|||
|Depreciation|51,269|48,122|
|Net (gains)/lossesoninvestments<br>lnvestmentincome|817<br>(13,573)|(5,801)<br>(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<br>Payments to acquire tangiblefixedassets|27 616<br>(590,559)|(25.913)<br>780,350|
|Netincrease/decrease in cashand cash equivalents|(590,559)|780,350|
|Openingcashbalanceatthebeginningofthe year<br>Closingcash balanceattheend of the year|1,119.206<br>_528,647|338,856<br>_1,119,206|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

|r2023(conti|nued)||
|---|---|---|
|Unrestricted|Restricted|Total|
|Funds<br>t<br>1,165,629<br>514,059<br>137,671<br>268,875<br>322,697<br>1,045,601<br>1,053,207<br>18,467<br>194,821<br>15,764<br>59,137|214,011<br>32,129<br>133,992<br>2,835<br>Funds<br>Ê<br>1,079,956<br>773,143<br>115,672<br>188,932<br>50,288<br>23,744|2023<br>â<br>2,244,495<br>1,287,202<br>253,343<br>457,807<br>372,976<br>1,069,345<br>1,053,207<br>232,479<br>226,949<br>149,646<br>61,972|
|4.795,919|2,613,492|7,409,410|



||Unrestricted|Restricted|Total|
|---|---|---|---|
|Direct Marketing<br>Web<br>Major Donors<br>Community Outreach<br>Other<br>RegularGiving<br>Gift Aid<br>Trust lncome<br>Gifts ofFaith<br>RedWednesday and Events<br>lnMemoriamGiving|Funds<br>f<br>1,406,851<br>568,524<br>275,400<br>299,432<br>316,786<br>1,140,297<br>917,504<br>198,792<br>151,704<br>14,485<br>0|Funds<br>Ê<br>1,079,032<br>884,856<br>234,076<br>251,856<br>123,276<br>1,550<br>111,012<br>17,344|2022<br>â<br>2,485,883<br>1,453,380<br>509,476<br>550,288<br>440,062<br>1,141,947<br>917,504<br>309,804<br>169,049<br>14,485<br>0|
||5,299,776|2,703,002|7,ggl,778|



## 

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



## 

||Unrestricted<br>Funds|Restricted<br>Funds|Total<br>2023|Total<br>2022|
|---|---|---|---|---|
|Merchandising income<br>Bank lnterest<br>Rentreceivable|Ê<br>323,298<br>13,573<br>000|û|f<br>323,298<br>13,573<br>29.000|€<br>322,070<br>2,445<br>29,000|
||365,971||365,871|353,515|





## 

## 

|Notes<br>Grantsprogramme13<br>Educationand Communication<br>Supportservices<br>Costofraisingfunds<br>Fundraising trading|Staff<br>OtherDepreciation<br>Costs<br>€Ê€f-<br>8,945,330<br>-<br>583,062385,221<br>-<br>223,781450,494<br>51,269<br>1,034,015144,829<br>-<br>-<br>239,240<br>-<br>1ß40,85810,165J14 51,|Total<br>2023<br>8,945,330<br>968,282<br> <br>725,545<br>1,178,844<br>239,240<br>1M|
|---|---|---|



|g g||<br>1ß40,858|,<br>10,165J|<br> <br>14 51,|,<br>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<br>2023<br>€Ê||Group<br>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<br>2023<br>2022||
|StaffCosts consist of:||Ê|
|Salaries<br>Socialsecuritycosts<br>Pension Costs<br>Health insurance|1,581,970<br>163,722<br>78,248<br>17,589|1,410,237<br>149,042<br>73,022<br>16,077|
||1,841,530|I,648,378|



## 

|TangibleFixedAssets||||||
|---|---|---|---|---|---|
|Groupand Gharity|Freehold|PropertyOffice||Gomputer|Total|
||Property|Refurbishment Fixturesand||Equipment||
||€|fÊ|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<br>Â|2022<br>Ê|2023I|2022<br>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:<br>lnterestischaçedontheloanto the subsidiary<br>The loanissecured on the assets of the trading|at2.5o/oover bankrate.<br>company.|
|---|---|
|The table below shows the relationship between<br>Legacies Receivablebñrd<br>cashreceived for legaciesreceivable<br>LegaciesReceivable|AccruedLegacy(debtor)andLegacy Receivable (income)<br>Group<br>Charity<br>2023<br>2022<br>2023<br>2022<br>Ê8€Ê<br>2,273,007<br>1,499,540<br>2,Z7\,OO71,499,540<br>(1,173,163) (1,s89,92i)<br>(1,173,163)(j,589,921)<br>2,736,848 2,363,398<br>2,79634A2,363,389|
|Legacies Receivablecfrvd|3,836,692<br>3,836,692<br>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|<br>arended|<br> 31 Decembe|<br>r2023(cont|<br>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<br>254||254<br>2,019,930|||614,471|
|13|A¡dGranted:Groupand Charity<br>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)<br>NotestotheAccounts|id to the GhurchinNeed(United Kingdom)<br>NotestotheAccounts|id to the GhurchinNeed(United Kingdom)<br>NotestotheAccounts|id to the GhurchinNeed(United Kingdom)<br>NotestotheAccounts|
|---|---|---|---|---|---|
|14|TotalFunds<br>For|the year ended31 December 2023(continued)<br>Unrestricted UnrestrictedRestrictedTotal<br>Funds<br>Funds<br>Funds<br>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<br>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<br>I|||2022<br>€|
|---|---|---|---|---|---|
|Totalincome perSOFA||12,958,323|||12,149,467|
|income from other trading activites (per<br>legacies receivable (perSOFA)|SOFA)<br>2,736,848|(36s,871)|2,363,388||(353,515)|
|Legacies cash received (note 9)<br>(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,<br>.112|614.471|4,480,622|3,039,7E9|
|Fund balancescñrydat 31Decembe14||787.038<br>4,|511,589|__lgq]-'qqq|4|