Charity Registration number 1123034 Company Registration number 6453716 The Society of the Little Flower (Limited by Guarantee) Reports and Accounts 31 December 2024
The Society of the Little Flower Legal and Adminlstr8tive Information Trustees The Most Reverent Miceal O'Neill O. Cann. The Very Reverend Carl Markelz O. Carni., BBA, MA The Reverend Robert Colaresi O. Carn]., MA, MRS The Very Reverend Christian Korner O, Carni Bro. Paul de Groot O. Cann Charity Reg. No. 1123034 Company Reg. No. 6453716 Reglstered Address Whitefriars 35 Tanners Street Faverham Kent ME13 7JW Accountsnts Borucki & Co. (Chartered Accountants) 42 Radnor Road Harrow Middlesex HAI IRZ Bankers Natwest, 47 Carfax, Horsham RH12 IFD. Sollcltors Stone KRng LLP 13 Queen Square Bath BAI 2HJ
The Society of the Little Flower Trustees, Report 31st December 2024 The trustees (who for company law purposes are the Directors) present their report and accounts for the year ended 31 st December 2024. Organisation In 1974 the Order of Camelites, a religious order in the Roman Catholic Church, established a charitable trust, the "Carmelite Order General Fund". This was changed in 2004 to the "Society of the Little Flower" In 2007 the Trustees decided to create a company limited by guarantee with the same airns and objectives, also called "The Society of the Little Flower" This company was incorporated on 14 December 2007. under a memorandum and articles of association, and registered as n. 6453716. The Charity Commission gave charitsble status to it on 3 March 2008. The charitable company officially began its activities on 18 June 2008 when the previous charitable trust transferred its assets to it. At the end of 2022 the trustees decided to stop fundraising, to make the staff redundant and to close the Horsham office. The Society has contacted donors to inforni them but continues to accept legacies. Principal Aims The general objects of the Charity are the advancement of the Roman Catholic religion, by means of the establishment or furtherance of any charitable works carried on by. or under the control or supervision of members of the Order of Carn]elites, and by means of the provision of scholarships and bursaries for the education and training of priests or members of the Order. Funds spent on education and faith building cannot be given a monetary valu¢ under the present reporting regime. Publie benefit The Trustees have consulted the guidance made available by the Charity Commission for England and Wales on the Public Benefit requirement of the Charities Act 2006. The Trust¢es are confident that they have complied with their duty under section 4 of the Charities Act 2006 in that they have had due regard to public benefit guidance publAshed by the Commission. Income Received In 2024 just over 400 (2023 1,000) unsolicited donations have been returned. The Society had clearly been meeting a need in its donors to help others in the spirt of Thérèse. The Society despite inforniing donors continues to receive direct debits and other automated donations directly paid into its current account which can only be stopped by the donor. The Society received £5,480 in donations and £17,848 in legacies in 2024 Monies Disbursed 2024 In the process of closing the society down its investments were realised and transferred to the Curia (£1,500,000) to be used in accordance with the wishes of the donors. In addition, the restricted funds of £8,070 was sent to CAFOD to be used for relief in Ukraine.
The Society of the Little Floiver Trustees, Report 31st December 2024 Trustees, responsibilities with regard to the accounts The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financiaI statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. mak¢ judgments and estimates that are reasonable and prudcnt. state whethei. applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardin8 the assets of the charitable company and hence for takin8 r¢asonabl¢ steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are awar¢'. there is no relevant information of which the charitable company's accountant is unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant infomation and to establi sh that the accountant is aware of that inforniation. Risk Assessment The Trusiees have assessed the major risks to which the charity is exposed, in particular those related to the governance, operations, finances of the Trust. as well as those relating to the external economic environment and the regulatory framework in which the Trust operates. Objectives accomplished in 2024 The Horsham otyice was returned to the landlord in June. The investments have been realised and transferred to the Carmelite Curia. Objectives set for 2025 The Trustees are explorin8 how best to maintain the spirit of the society. The Trustees will continue to close doHm the activities of the society, keepin8 records for statutory requirements and hope to discharge the remainder of its liabilities. Signed on behalf of the Trustees on Paul de Groot. O. Carni.
The Soclely of the Little Flower Indopendent Examlner's Report to the Trustees ol The Socleiy of the Llttle Flower I report on the accounts of The Society of the Little Flower for the year ended 31 December 2024 which comprise the Staiemeni of Financial Aciiviiies, BalanLe Sheet, Statement of Cash Flows and related notes. This report is made 801ely to the charily's trustees. as a bTrly, in accordance wilh Section 145(3) of the Charities Aci 201 l. My examinaiion has been Undertaken so Ihat I mighi state to the charily's ISteeS those matters we are required lo slate lo ihem in an aindependent ex(uniiier's report and for no other purpose. To Ihe fullest exienl permitted by law, I do noi accepi or assume respon5ibiliiy 10 anyone other than the charity and the ¢harity'5 Iruslees as a body, formy examination, for Ihis repon, or for ihe opinions I have lormed. R88POCtlve re8pon81bllltle8 of tru8tee8 and the Independenl examlner The chariiy's [eeS you are responsible for the preparation of the accounts. The ¢harity's tru%lee% consider an udil is noi required Ihis year under section 144(2) of the Charities Act 2011 (Ihe 2011 Act) and thul an independent examinaiion is needed. It is my respoi)sibilily to.. examine ihe accounis under section 145 of the2011 Acl: lo follow the procedures laid down in the General Direciions given by the Charity Commissioners under seclion 145(5)(b} of the 201 I Aci, and lo Sta whether particular matters have come 10 my aneniion. Bas18 of Ind•pand•nt examlner'8 report My examinaiion wus carried oul in accordance with the General Directions given by the Charily Commissioners. An examination includes a review of the accounting records kept by Ihe charity and a comparison olthe accounis presented with Ihose records. It also inLludes consideration of any unusual ilcms or disKIo8ures in the aLLounLS, and 5eekin&y explanations from you as Irust¢es cun¢ernfftng any such matiers. The procedures undertaken do noi provide all the evidence Ihot would be required in an audit, )d con8equently I do not express an audit opinion on Ihe view given by (he accounts. Independoni examlner's Statement In connection wilh my examinlltion, no matier has come 10 my attention., (l ) which gives me reasonable cause to believe that in any material respect the requirements: 10 keep accounting records in accordance with section 130 of the 2011 Acl: and 10 prepare aLcounis which occord with ihe accounting records and comply with the 4iciouniin8 qUIreMentS of the 201 l Acl. J I Borucki FCA Borucki & Co Chartered Accountants 42 Radnor Road HAL IRI Signed on
The Society of the Little Flower Statement of fmancial activities (Incorporating an income and expenditure account) for the year ended 31 December 2024 Genernl Development Restrlcted Tot41 Genergl Developmeni Restdcted fund fund fund Notes fund rund fulld 2023 Ineomt Voluntsry Income Donations Legucies InveN¢ment Income lnlere.sl Oiher Income Profit exchange Miscellaneous income Totsl Income 5.479 17,848 5,479 17,848 60,508 80.222 60.50¥ 80.222 24.690 24,690 26,522 26,522 358 21x1 167.810 358 21K) 167.810 48.017 Expendllure RlylnA fuDd$ Fundrai$in8 expenditure Charllable a¢ilvl¢ie$ Don&iions GuvernanLe ii)%i$ Toiol expendliure 9J.318 93.318 275,325 275.325 1.51M).tXKI -S,988 8,070 1.508.070 17.971 14,734 408,030 117,971 14,734 408,030 8.070 1.609 376 Totsl Incomt I expendlture 11.553.289) 18.0701 (1.561,3591 (240.2201 1240,220) Nei gains (108gesl on investmer (10,7581 110.7581 66,209 06,209 Net Income lexpendllure) before tterts 11,564.0471 18.070) 11.572.117) 1174.0111 1174,011) TrarerS b¢lween funds Nel movemeni In fund8 1.090,265 1.6YO,265 1,516.254 (1,690.2651 11.5fA.047) 18.0701 {1,572,117) (174,011} Bl4n¢es brwiht forwATd l Jnuary Bolanees ¢Arrltd torw&rd 31 Deeember 2.(X)6.508 442,461 8,070 2.014.578 442,461 2.188.589 I,E140,.$67 490.2J4 1.690 265 2,(K)6.508 8,U70 8,070 Stiemeni of tot&l re¢o8nl8ed Ind lo¢8 The charity hA5 no rtto8rti5ed gains or1055e5 Other than Ihose shown above and iherefore no separuie statement of to¢al 8ain3 4nd loyyes has be¢n prep8r¢d.
The Society of the Little Flower Balance Sheet as at 31 December 2024 Company Registration number 6453716 Notes 2024 2023 Fixed assets liii'esttnents 1,507.489 1,507,489 Current 48set9 Debtors Casli at bank and An hand 23.224 491.165 516.389 448,461 448,461 Credltorg: amounts falllng due M'lihln one year (6,00() (9,300) Net ¢urren¢ Il#bllllles IIAbllltles 442.461 507,089 Total assets le8s eurrent IiAblliti¢i 442.461 2,014,578 Total Set8 442.4C) I 2,014,578 Represenled b).: Fundy and reyern"e8 Uiiresirictcd funds General funds Desig1ted fuiids 442.461 2.006.508 442.461 2.IN16,508 8.070 2,014,578 Resiricted funds 442.4C)I Paul de Grool 0.carm Trustee Approved bi. Ilie Irust¢es on
The Society of the Little Flower Statement of cash flows for the year ended 31 December 2024 Note 2024 2023 Cash used in OP¢Tating a¢tii'iti¢s 11.564,1251 (3JO.042) Cash flom's from ini'esiiiig 8civiIi¢s Ini'eslmeni income Proceeds of invesiinenl sales Purcliases of ini'esiinenis Cash proi'ided (ll11 in investing activilies 24.690 488.947 26.522 1.043,438 (15,450 1.054.510 513.637 Decrease in rasli and cash equii'alenis in l'ear 11.050.488) 724.468 Movement In )'ear (De¢r¢ase) increasc in fi1511 al b<ink and in hand (Decre8se) in¢reas¢ in cash Iield on deposit (42.704) (1.007.784J (1.050.488) 19.679 704.788 724.467 A. Reconciliitbon of net mo)tment In funds to net cash flom. from operatlng Actlvl¢le8 2024 2023 Nel nioieinenl in funds Dedu inveslincnl incoine Add loss on distKJsal of asscis Ad(V(dcduct) net inoi'emenl on ini'estmenls. Iiicrease (decrease) in credilors (Increase) decrease in debiors (1.572.117) (174.011) (24.690) (26.522) 25.4 (66.209) (80.14.3) 16,588 (330.042) 10.758 {3.300) 25.224 (1.564.125)
The Society of the Llttle Flower ststement of cash flows for the year ended 31 December 2024 Note 2024 2023 Cash used in operating activitie5 (1,564,125) (330,042) C&sh flows from invesling arivities Inve8imeni income Proceeds of invesimeni sale5 Purchases of investments Cash provided (used) in investin8 activilies 24,690 488,947 26.522 1,043.438 (15.450) 1,054.510 513,637 Decrease in c&sh and cash equivalenis in year (1.050.488) 724,468 Movement In year (DeLrease) in¢reaie in cash at bank and in hand (Decrease) increase in cash held on deposit (42,704) ( I,Q07,784) (1.050,488) 19,679 704,788 724,467 A. Reeoncill8llon of net m0vennt In funds lo net eash flow from operxtlng aetlvltle8 2024 2023 Nei movemeni in funds Deduci invesiment income Add lo.ss on di.%wsal of &ssets Addl(deduct) nel movement on investments. Increase (deCaSe) in creditors (Increase) decrease in debiors (1,572.117) (24,690) (174,011) (26.522) 255 (66,209) 180,143) 10,758 (3,3(K)) 25,224 11,564.125) 330,042
The Soclety of ihe Llttle Flower IYo¢es to the accounts for the year ended 31 Deeember 2024 l Ac¢ounllng po]Ic Bts of pr¢par4don and awsnnl of8olng eone¢rn Tlie Accounis have been prepareii un<lei the historic robl ¢ODveiiiion with item8 re¢ogni5¢d ai cosr or traTrsaetion value uniesf otheTwse 4iated in the rclevdnt ne(sI to rh¢8e accounis. The firtancilll siatemenis hAve been prepared in accordance with the Swiemenl of Recoinmended Praciice.. ALcDuntTrllB and Reporting by ChAritie¥ PTeparin8 their accounts in accordance with the FinJnciaL RetK)rting Siundard applicible in the UK atld R¢publi¢ of Ireland IFRS 1021 issued on 16 July 2014 the Financi RqIng Swndurd applic#bk in th¢ Uniwl Kingdom w]d Republic Of IrclJLnd (FRS 1021 and the Charitie5 Act 2011. The trulii COThSllLUl¢$ a public benefir eniiiy as defined by FRS 102. The tn]St ¢gn5ider that (herc are no mllteri81 uncertainti&s 1xt the TThst's abiliry to conunue as & 80in8 concern. Forelgn currencleg Tradeli0% in forci8n currenci4$ 4re wor(led ai the rate ruling ul the dll of thc (ran5action. Monew Bnd liabililies denomin&ted it) forEi8n currenci&% ure tranlilaied SLt ¢h¢ r#¢e of ¢x¢han8e Nlin8 ai the baknnce sh¢a dai¢. Ail differences ar¢ Igkeb) ¢0 the profil dnd10$5 a¢¢ouni. Tan8lble nxed I'¢hId iiiiprov¢n)eTrts air Hmortized in equal In]m¢nI% over the tern of rhe lell&e, All other s5ets c051in& more th4w £I.(KK) with w) ¢xp¢¢ted life of Tnore one year are ¢apil&li5ed. DeprKIIoD 15 providul at the followin8 annual rates in order 10 write off ¢a¢h a5s¢I over irs estim4led us¢ful life.. Plattt, equipnThi, fixTures and fJitin85 20% on ¢osl. Af¢er five year$ plani, equipnienl, fixtur and fillln8s wlih u nel bwk value of nil are wriiien oui tsf Ihe accounis ab in ihe opinl¢)n of the Tru5tee8 uch us5eis have a negligible residulll voiue. Inves1]IDI8 InVlment¥ Dre ll form of b&si¢ fin8D¢i41 instrnrnent 4nd are inililllly r#o8ni%eAI Al IhelT tranwtion value und .%ubs¢quen¢ly nusuroj ai their fair vue ul thy bllCe %heei date LL%iTh8 Ihe ¢10sins qUrA1 markct price. The %ttEment of fLnan¢ial Kitvitits includes the nei ylns thnd l<w arisin on revllluyiion and diyFK)s41% ihwughoui ¢he yC4Lr. The Chmriiy Troi aequire pui option¥. d¢riv#uvu ur oih¢r complex fin4ThciMI iMstrumentS. Th¢ muin fnrrn or rin¢11 risk fac¢d by the churiiy is Ihai nf volytillly in equity markets and invc.41menl marke1% du¢ to wider economic ¢ondilionK. (he dtli¢udc of inve&ioT5 10 I11men1 rilik. dnd chdn8Cli Ln scniimeni Loncerning tyuiiia4 &nd wiihin pHniculaT or hub beciors. All gains und lubses ¢ luken 10 ¢hc Sidiemcn¢ ol Fin4LllLlj Acrivitles ths they arise. Reuii¥cd guins and losw Un invtsinieThLS tsr¢ cul¢ulJhi¢d as Ihe diflerence belw¢en sol&% prj$ und their opening carrying V¢ or Ih¢ir purch4Lse value if acquired subsequcni 10 the fiT5t day of the financial year. UnTeJlised 8aiDi and 1tr6ses thre ellkului as ihe difference tween th¢ fair V¢41u¢ ai the y¢ar end 4nd Ih¢ir carryin8 value. ReaJiy¥d unrealiscd invexlff¢ni Bainy and Are combined in ¢he Stament of Finunci Activities. Fund 8ccountln¥ The 8encTJI fund compriw th(bse rnnni, which may be used iowards meeiins Ihe Chttrithbk ubje¢¢ives of ihe ¢h4rity ui the diKTdion of the The d&sign8ted fund% are MnI llside oui of generul funds aTrd d¢5ignared for itlf1¢ purp(kYes by thu TTUXtees. The rtricied funds llre moni&% receiv for &pe¢ifiL purpo. Taxailon The Charity Is A r¢8iSieYtd ch&rily and th¢fr¢ not liable tcr income or corporation on incume derived from Its Charib aciivi¢i&8. &8 il within the various exen)prions avai18bl¢ 10 re85litcrcd chllriil&4. 2 Net ny)VennI In (unds Thib i& afier Lhllr8jti8 Gerteral nd Clentrnl fund Funds 207A 2023 Fundi Styff coyis (note 31 Accounting at)d other 47,473 10.628 39.083 10.628 3.988 5.988 3 Staff co819 General nd Gener ¢uDd Funds 2024 2023 Fund¥ Wa8¢% sTI Sc¢ial.8eeurity crJsL8 Pension co¥1 Staff he4lih plan 39.083 5.512 1,158 .598 47.473 5,512 1.258 1,598 The &vera8e numir of eynploye¢s. 4n#lysed by funciiot) w&4'. Fundrni¥ing and udmixitilruiivr No ernployce rccctvcd rnnre th £frA).I)(M) in Ihe yeAr or in lh¢ previoiis y¢thr. No Lnisiee receivts4 uThy T¢mun¢fouon in Lhe year or in the Previou5 year.
The Society of the Llttle Flower Notes to the accounts for the year ended 31 December 2024 Gemeral FuDd Gery¢ral Fund 4 Cosi of £enerntiDg fw Fundr8i5iDg Fund8 21124 Fwi Donor liKts and dAiaba Premis&s Employees Prumolivndl events and advertisin8 Webb'iie LObL%' ExLhange loh Office expen 17,6 16.731 17.661 16.731 12,819 Y7,566 47.473 2,772 12,819 97,560 47.473 2,772 131 10.584 10.384 50.339 9.5.318 114.564 275,-325 114J61 275,125 95.318 Genernl Fund General Fund 5 GDvenwic¢ costs Fuj 2024 2023 Fun Accolmluncy fx8 Trus15 irovel And ¥ub%i&lcnc 5,988 5,988 10.628 10.628 3,9811 5,988 14,734 14.734 Tnjslees truvel llnd Aub%ixiince ¢cJmpri%w the rravel, accomnwyJ&tic)n and %ub%isicrkce e05ts of Iwsiees who yr¢ m¢nir% of Ihe Camieli Order. Expert$ ar¢ in¢urrJ while aitending tn]l+t¢e& Jnd rnwiy8eIneni meeLin8s ¥Thd whhle on insPtIon visi1$ to proje¢Ls 18 funded. 6 lTrve61meNts 2024 20 Ll¥ied Inv¢slnYots Maikei value at l Januury 2024 Addithonli ut colit S¢ pnxeeds froni disposals Guin11(x¥%l in ye Mdrkei ylle ILI 31 De¢ember 2024 499.70J 1.461.483 15.450 {488.9471 11,04.1,4381 10,7.$8 66,210 499.705 On dcpDsit l.(YJ7,784 1,507,489 Coxi of listol irivestm¢tlts lit 31 DecemPKr 2024 343.918 7 Debtor• 2024 2023 Prepayn)ents Sundry debtors 25.224 25.224 Credltl>lS: AIllOUllt• Illllng due wlthln one yr 2023 Exprt* creditors Other crdiiofs 9,300 6,C 9,300 9 Restrleted fundi At31 December 2024 Ai l Januw Incomin8 2024 r¢souT¢eB Utiii5edl realiyed Ukrainiun upp1 8.070 8.()70 18.07U} 18.0701 UkTainiHn appcal funds collrcteAI 4¥sisi the carmelit in Ukrnirte. 10 An¥41y51s ofnet Assets betwe funds Gtner•l fund DÈsl¥nAted Restrlcled ruDd8 2024 TaThsible fixed &&4ets Current &4seL8 Creditors.. aniounts fallin8 due within on¢ year 448.461 16.(XX)I 442.461 448.461 16.(KX) 442.461