**Charity Registration Number: 1135474 Company Registration Number: 07010772 (England and Wales)**
**The Franciscan Missionaries of St. Joseph**
## **Accounts**
**For the Year Ended 31 December 2022**
**The Franciscan Missionaries of St. Joseph Accounts for the Year Ending 31 December 2022**
## **Index**
|1|Charity Information|
|---|---|
|2|Report of the Trustees|
|35|Auditor's Report|
|39|Statement of Financial Activities|
|42|Balance Sheet|
|43|Consolidated Statement of Cash Flows|
|45|Notes to the Accounts|
## **The Franciscan Missionaries of St. Joseph**
## **Charity Information**
## **For the Year Ended 31 December 2022**
|Trustees|Sister Maureen Murphy|
|---|---|
||Sister Anne Moore|
||Sister Margaret Nyabongoye|
||Sister Brenda Makokha|
||Sister Joan Kerley|
|Congregation Leader|Sister Maureen Murphy|
|Congregational Bursar|Sister Anne Moore|
|Secretary General|Sister Brenda Makokha|
|Registered Office|St Joseph’s Convent|
||150 Greenleach Lane|
||Worsley, Manchester|
||M28 2TS|
|Registered Charity Number|1135474|
|Registered Company Number|07010772|
|Accountants|John A. Porter & Co.|
||74 Dickenson Road|
||Manchester|
||M14 5HF|
|Auditors|Azets Audit Services|
||Alpha House, 4 Greek Street|
||Stockport|
||SK3 8AB|
|Bankers|Royal Bank of Scotland plc|
||1 Hardman Boulevard|
||Manchester|
||M3 3AQ|
|Investment Brokers|True Bearing|
||Assurance House|
||Chorley Business & Technology Centre|
||Euxton|
||Lancashire|
||PR7 6TE|
|Solicitors|Stone King LLP|
||13 Queen Square|
||Bath|
||BA1 2HJ|
1
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
## **Report of the Trustees**
The Trustees present the report and audited accounts for the Congregation of the Franciscan Missionaries of St Joseph for the year ended 31 December 2022.
## **Introduction**
The Congregation of the Franciscan Missionaries of St Joseph of the Third Order Regular of St Francis of Assisi (the Order) was founded in 1883 and is regulated by a Trust Deed dated 27[th] December 1963.
The Order was incorporated by order of the Charity Commissioners sealed on the 2nd day of June 1983 in the matter of a Charity for Roman Catholic purposes administered in connection with the Congregation of the Franciscan Missionary Sisters of St. Joseph of the Third Order Regular of St Francis of Assisi (hereinafter called "the Congregation") which Charity is regulated by a Trust Deed dated the 27[th] day of December 1963 as varied or affected by Schemes of the Charity Commissioners of the 14[th] day of December 1982 and the 29[th] day of August 1996.
The Order is registered with the Charity Commission under Charity Registration Number 1135474 and with Companies House as a Charitable Company Limited by Guarantee with no Share Capital (Registered Company Number 07010772 (England and Wales)). The Company was incorporated on 7 September 2009 and the functions and assets of The Order were transferred to the Company on 1 January 2011 by a Transfer Deed dated 18 February 2011.
The Congregation is an international Roman Catholic religious congregation supporting 95 Sisters worldwide and it is divided into five distinct regions or administrative areas across the world _._
## **Mission**
The Congregation of the Franciscan Missionaries of St Joseph aims to support the religious and other charitable works carried on by the members of the Congregation and to care for those members throughout their lives within the Congregation.
The charitable work of the Congregation is authorised in England and Wales or elsewhere under the direction of the Congregation as the Trustees and this is currently undertaken in England, Ireland, United States of America, Kenya, Uganda, Ecuador and The Netherlands.
The ministries of the Sisters of the Congregation are built on and supported by a ministry of prayer and benefit large numbers of the general public. Our ministries fall into the following main areas:
2
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
## • Social and Pastoral Work
Many Sisters of the Congregation are involved in various forms of social or pastoral work, including care of the elderly, the sick and under privileged and chaplaincy in hospitals and universities.
## • Operation of Residential Care Establishments
During the year the Sisters provided care and assistance to the elderly at two establishments operated by the Charity; Franciscan Convent, Blackburn which provides care for Sisters of the Congregation and some members of the general public and Franciscan Convent, Burnley which provides care for Sisters of the Congregation who are in need of care.
## • Overseas Missionary Work
The Sisters are engaged in missionary activity in and beyond our own country or culture. The Charity helps to support Sisters working in healthcare, education, social and pastoral ministries in Kenya, Uganda and Ecuador.
## **Governance, Structure and Management**
In terms of Canon Law, the Congregation is governed at an international level by the Congregational Leader and her General Councillors in Manchester, UK. They are elected every six years at a meeting of representatives of all the regions of the Congregation. The Congregational Leader and her Council govern the whole Congregation and historically have particular responsibility for the UK, The Netherlands and The United States. Ireland, Ecuador and Kenya are governed by a Regional Leader and her Council but are responsible to the Congregational Leadership Team who are the Trustees of the Charity. Uganda is governed by the Regional Leader and Council in Kenya. The Trustees are elected for their personal qualities, their understanding and experience of the ministries of the Sisters and to secure a good skills mix among them.
Each community is governed by a local Leader appointed by the Regional or Congregational Leader. Four communities without a resident local leader are now responsible to one appointed local leader. There is a system of accountability operational throughout the Congregation to ensure that the Congregational Leader and her Councillors are aware of the progress and development of the ministries carried out by the Sisters of the Congregation. The Congregational Leader visits every community at least once every three years and visits are also made by the Sisters in the Leadership Team at regular intervals.
In terms of Civil Law the Charity is governed by a Trust Deed dated 27 December 1963 and is a Registered Charity. The Trustees of the Charity are the Congregational Leader, her four Councillors and the Congregational Bursar. At the present time the Congregational Bursar is also a Councillor and this means there are five instead of the normal six Trustees. As all the Trustees are members of the Congregation they have a detailed knowledge of the work of the Charity and its structure. On being appointed there is a handover period of up to six months during which time the old and new teams work together to ensure continuity and a full understanding of responsibilities. Trustees are required to take part in on-going training to ensure they are kept up to date with changes in legal, accountancy and investment regulations.
3
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
The names of the Trustees who served during the year are set out as part of the reference and administrative details which follow, together with brief biographical details on each of the Trustees.
## From 1 January 2022 to 31 December 2022
Congregation Leader Sister Maureen Murphy Congregational Councillors Sister Anne Moore (Assistant Congregational Leader) Sister Margaret Nyabongoye Sister Brenda Makokha Sister Joan Kerley Congregational Bursar Sister Anne Moore
The Trustees were appointed at the General Chapter on 18 June 2017 for a six year term until the next General Chapter in June 2023.
At the General Chapter in June 2023 Sister Anne Moore was elected as the Congregational Leader, Sister Margaret Nyabongoye as the Assistant Congregational Leader, Sister Ann Jentrix Murundu as the Congregational Bursar, Sister Frances Slater as the Secretary General and Sister Brenda Makokha as a Congregational Councillor.
Sister Maureen Murphy, and Sister Joan Kerley’s term of office expired at the Chapter.
4
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
## **Sister Maureen Murphy – Congregational Leader**
Having had a career in hospital administration, Sister Maureen entered the Congregation at the age of 31. After initial training she completed a Certificate in Pastoral Studies at the Missionary Institute in London and was then appointed to Ecuador where she worked in catechetics, parish ministry and the initiation of Base Ecclesial Communities. After four years, sickness necessitated Sister Maureen’s return to the UK where she was asked to work in congregational finance. In 1993 Sister Maureen was appointed Congregational Bursar, a position she held until the 2011 General Chapter. In 1999 she was elected a General Councillor and she was re-elected for a second term in 2005. Sister Maureen served for six years as Chair of the Association of Provincial Bursars. She is also Treasurer to the Christian Council on Ageing.
Sister Maureen’s interest in theology led her to study by distance learning for a Bachelor of Theology Degree and she later obtained an MA in Theology, writing her dissertation on the subject of Spirituality and Ageing. Using her research she has been able to help members of our own Congregation who are ageing and has been invited to speak to other Congregations needing help in this area. She has also been able to train lay staff both in our own homes and those of other Congregations.
Sister Maureen’s experience in Ecuador means that she is a fluent Spanish speaker and therefore able to communicate with our young Sisters in Ecuador who are not yet fluent in English.
We live in a time of great change in every area of life and Sister Maureen has completed study at the Craighead Institute in Glasgow following a diploma course in Organisational consultancy and facilitation to help enable our Congregation to move forward, change and develop with the needs of our time. She has also trained as a spiritual director.
Sister Maureen was re-elected as Congregational Leader at the 2017 General Chapter for a six year term _._ Sister Maureen’s term of office as Congregational Leader expired at the General Chapter in June 2023.
## **Sister Anne Moore – Assistant Congregational Leader and Congregational Bursar**
Sister Anne entered the Congregation at the age of 17. After initial formation she trained as a teacher in Sedgley Park College of Education and then taught for one year in St Hilda’s Comprehensive Secondary School in Burnley. She then did a diploma in Missiology at the Missionary Institute in London before going to Kenya in October 1976.
Sister Anne taught in a Secondary School in Kisii, Kenya, for eight years. From January 1985 till 2011 Sister Anne was the Religious Education Adviser for Kisumu diocese. This involved working with primary school teachers and catechists in the diocese. From 1993 to 2011 she was on the staff of the Mill Hill Missionaries Basic Formation Centre in western Kenya on a part time basis teaching some classes and helping with spiritual direction.
In 1987 she was appointed Regional Superior for Kenya for six years and at the end of this term was reappointed for another six years until 1999. In 1999 she went to the Jesuit Milltown Institute in Dublin for 2 years where she did an MA in Spirituality.
5
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
She went back to Kenya in 2001 and was appointed Regional Bursar, a position she held until the General Chapter of 2011. Sister Anne was also the Juniorate Directress and Chairperson of the Formation Team. She was elected onto the Regional Council as the Assistant Regional Leader _._
At the 2011 General Chapter Sister Anne was elected as a member of the General Council and also as the Assistant Congregational Leader for a period of 6 years. After being elected to the General Council Sister Anne returned to the UK. Sister Anne was re-elected as Assistant Congregational Leader at the 2017 General Chapter for a further six year term _._
Following the 2011 General Chapter Sister Anne was appointed as the Congregational Bursar for a 3 year term and has been reappointed to this position for further 3 year terms in June 2014, June 2017 and June 2020.
At the General Chapter in June 2023 Sister Anne was elected as the Congregational Leader for a six year term.
## **Sister Margaret Nyabongoye**
Sister Margaret joined the Congregation after working for over a year as a qualified Nurse and Midwife. She finished her initial formation at the age of 27 years and was then appointed to the Holy Family Convent, Kisumu, Kenya, where she did a one year certificate course in Public Health, and later worked in Community Based Health Care and Child Survival programmes in the Archdiocese of Kisumu. After some years she was appointed to Marigat Mobile Clinic, a clinic run by the Franciscan Missionaries of St Joseph in a semi-arid area of the Rift Valley, Kenya.
In 1998/1999, Sister Margaret did a one year certificate course in Franciscan Formation and Spiritual Direction at the Franciscan Study Centre, Canterbury, UK. After completion, in 2000, Sister Margaret was appointed to the Nairobi Novitiate as the Assistant Novice Mistress. While in the novitiate, she also did some more selected studies on Formation in Tangaza College in Nairobi and after two years of assisting in the Novitiate, she was appointed Novice Mistress, a position she held for six years and at the end of 2008 went for a 3 months sabbatical course.
Sister Margaret was part of the African Regional Leadership Team for three terms (9 years) and as Formator to the Temporary Professed Sisters in the African Region for 6 years. Sister Margaret was also involved (between 2009 and 2011) in Pastoral Work in the Parish of Luanda in western Kenya and at the same time assisted in the Mill Hill Missionaries/FMSJ Joint Formation Programme, mainly in the area of Pastoral Outreach and Spiritual direction.
In 2011, Sister Margaret was part of a team of four sisters commissioned in the foundation of a new FMSJ community in Panyangara, Kotido Diocese, Karamoja, which is a marginalized region in the northern part of Uganda. In Panyangara, Sister Margaret engaged in Pastoral work with the local community. During this time Sister also attended a course organised by the Association of Religious of Uganda on basic Financial Management. At the end of 2016, after 5 years in Uganda, Sister Margaret was appointed back to Kenya to assist in the finance office at a Diocesan Secondary School in Mpeketoni, Malindi Diocese.
6
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
At the 2017 General Chapter, Sister Margaret was elected as a member of the General Council for a six year term and was subsequently appointed as Novice Mistress in the UK for a period of three years. Sister Margaret was re-appointed to this position for a further period of three years in June 2020.
At the General Chapter in June 2023 Sister Margaret was elected as the Assistant Congregational Leader for a six year term.
## **Sister Brenda Makokha – Secretary General**
Sister Brenda entered the Congregation in 1997 at the age of 24. After her initial formation in Kenya, Sister Brenda was appointed to St. Theresa’s community in Marigat, in the Kenyan Rift Valley and here she was involved in parish work from December 1999 to 2002, working with internally displaced people at St. Francis Centre.
From 2002 to 2005, Sister Brenda trained as a social worker at Kobujoi Development Training Institute, obtaining a Diploma in Social Development work. Upon completion of her studies, Sister Brenda was appointed to Witu Parish in Malindi diocese to open a new FMSJ community. In Witu Sister Brenda was involved in working with other denominations in interreligious dialogue on issues of security. She was also involved in working with people living with HIV/AIDS and women’s groups. Due to the social dynamic of the ministry, Sister Brenda did a certificate course in Pastoral Counseling from December 2005 to August 2006 at Amani Counseling Centre in Nairobi.
From August 2007 to June 2008 the Congregation asked Sister Brenda to do a course in Formation and Administration at Loreto House/IMU in Dublin. She was then appointed preNovitiate director for the Congregation for a three year term. During this time Sister Brenda was part of the staff of the FMSJ and Mill Hill Missionaries Joint Basic Formation programme in Luanda.
In 2011, Sister Brenda was appointed Regional Superior for Africa covering Kenya and Uganda, for a six year period. During her term as Regional Superior, Sister Brenda also served as a member of the Executive Committee of the Sisterhoods of Kenya (AOSK) for six years, being responsible for formation. From 2013 to 2018 Sister Brenda was on the staff of the Mill Hill Missionaries formation programme in Nairobi accompanying students on their formation journey. In 2013 Sister Brenda also did an online certificate course in Child Protection in Development Practice through the Kimmage Development Studies Centre in Ireland. From 2016- 2018, Sister Brenda served on the Board of Trustees of Tangaza University College in Nairobi.
At the 2017 General Chapter, Sister Brenda was elected as a member of the General Council for a six year term. Following the General Chapter she was appointed as the Secretary General for a term of three years. Sister Brenda was re-appointed to this position for a further period of three years in June 2020.
At the General Chapter in June 2023 Sister Brenda was elected as a member of the General Council for a six year term. Sister Brenda’s term of office as the Secretary General expired at the 2023 Chapter.
7
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
## **Sister Joan Kerley**
Sister Joan Kerley entered the Congregation in Albany, N.Y. in 1973 at the age of 26, having already completed a Bachelor of Science cum laude degree from the College of St. Rose and a Master of Science degree from the State University of New York at Albany. When she entered, she was a primary school teacher in Rensselaer, N.Y. and received tenure there shortly before resigning to enter the novitiate in June 1974. Sister Joan has worked in the United States in several parishes as a director of religious education and as a missionary in Kenya from 1980 to 1984 where she taught in a secondary girls’ school in Nyabururu and then was the Director of Religious Education for the Diocese of Kisumu.
On her return to the U.S. Sister Joan attended the Institute of Religious Formation program in St. Louis, Mo., a post graduate program to prepare people for formation work. After 6 years as the Vocation Director in the U.S. and doing parish work in Middletown, Ct., Sister Joan attended Fordham University and completed a Master of Arts degree in Religious Education, specialising in spiritual direction and pastoral counselling. She has also completed a 3 year residency program in family systems therapy at Onondaga Pastoral Counseling Center to qualify as a fellow in the American Association of Pastoral Counseling. For the past 17 years, Sister Joan worked at Le Moyne College in Syracuse, N.Y. first in Campus Ministry and then as the first Director of the award winning Office of Service-learning. She also worked as a spiritual director for over 15 years at the Spiritual Renewal Center in Syracuse, where she did individual spiritual direction as well as being part of a team which directed the Spiritual Exercises of St. Ignatius in daily life.
After being elected to the General Council in June 2011, Sister Joan moved to Manchester in December 2011. Currently she is formation coordinator for the Congregation and ongoing formation coordinator for the FMSJ Associate programme.
At the 2017 General Chapter Sister Joan was re-elected as a General Councillor for a six year term.
Sister Joan’s term of office as a General Councillor expired at the General Chapter in June 2023.
8
**The Franciscan Missionaries of St. Joseph**
**Report of the Trustees**
## **For the Year Ended 31 December 2022**
## **Trustees Responsibilities**
The Trustees, who are also the Directors of The Franciscan Missionaries of St. Joseph for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial 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 state of affairs of the Charity and of the incoming resources and application of resources, including income and expenditure, of the Charitable Company for that year. 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;
- make judgements and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities _._
The Trustees are responsible for the maintenance and integrity of the information on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Structure and Management Reporting**
The Trustees are ultimately responsible for the policies, activities and assets of the Charity. They meet regularly to review developments with regard to the Charity and to make any important decisions in conjunction with advice from our Professional Advisers _._
Sisters live in the UK in 9 communities. The majority of houses are in Salford Diocese where the Congregation was founded and one house is in Freshfield, Liverpool. From these various locations the Sisters minister to the poor and marginalised in society. Local leaders, in charge of these communities, liaise regularly with the Trustees.
The day to day responsibility for Franciscan Convent, Blackburn, a registered residential care home, rests with the Manager, Mrs Cheryl Weall. Similarly, day to day responsibility for Franciscan Convent, Burnley, rests with the Manager, Mrs Janet Crawford. Both Managers meet regularly with the Congregational Bursar who reports back to the Trustees.
9
## **The Franciscan Missionaries of St. Joseph**
**Report of the Trustees**
## **For the Year Ended 31 December 2022**
## **Overseas Houses**
There are overseas houses located in Ireland, the United States of America, Kenya, Uganda and Ecuador. In addition there are two Sisters located in The Netherlands. The Dutch Sisters reside in a state run retirement home and their Dutch Pensions are used to pay the retirement home fees. Any surplus personal allowance is periodically remitted to the UK Central Fund. No bank account is maintained in The Netherlands.
Internal transactions of overseas houses are not incorporated in the financial statements set out on pages 35 to 64.
Unaudited accounts for each overseas region and notes thereon, are set out on pages 66A to 114A.
There is now only one Sister in the United States and an accountant is employed part-time to prepare the accounts. There is no longer a US Region, the remaining Sister living in America is now part of the UK area.
A program to strengthen financial management overseas is ongoing. This program includes regular visits to each Region by the Bursar General and a re-affirmation of the financial guidelines under which each Region operates with particular regard to the requirement to communicate financial changes and planned financial changes to the Bursar General.
Where appropriate, the appointment of external Regional accountants will be considered and this has already been actioned in the United States of America Area. The Africa Region have appointed external auditors who assist with the preparation of the Africa Region accounts which are set out on pages 84A – 109A.
## **Working with Other Organisations**
The Charity works closely with a number of other charities in the field of providing care to the vulnerable and elderly. In some instances Sisters are employed by these organisations, whilst in other circumstances the relationships are more informal. In all cases, working together with other charities enhances communication and understanding, thus enabling services to the elderly to be provided more effectively and avoiding duplication of effort. Examples of the organisations for which members have worked and with which the charity has co-operated during the year are as follows:
Roman Catholic Archdiocese of Liverpool Roman Catholic Diocese of Salford Caritas, Diocese of Salford Rainbow Family Trust, Salford Mill Hill Missionaries The Medaille Trust L’Arche, Manchester
10
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
## • _**Risk Management**_
In line with the requirement for Trustees to undertake a risk assessment, the Trustees have identified and reviewed the major risks to which the Charity is exposed and systems have been established to mitigate those risks. The Trustees have identified the following areas where risks may occur.
||**Risk Register - Governance Risks**|**Risk Register - Governance Risks**|||
|---|---|---|---|---|
|**This is the**
**risk area /**
**topic**|**These are the**
**potential impacts**
**on the organisation**|**This is how we are currently**
**reducing the risk**|**Priority**|**This is what**
**we need to do**
**to further**
**reduce the**
**risk**|
|Organisation
lacks
direction &
forward
planning|•The organisation
has no clear
objectives, priorities
or plans
•Issues are
addressed
piecemeal with no
strategic reference
•Needs of
beneficiaries not
fully addressed
•Financial
management
difficulties
•Loss of reputation|✓New 6 year plan has been
established by ‘The Chapter’ and
details the strategy going forward
✓On-going reviews are undertaken
by the Trustees and Leadership
Team several times per annum
✓New structure and developments
within the organisation are
communicated to members for
agreement
✓Trustee and Leadership Team
meetings held on a regular basis
where issues related to direction
are discussed
✓Regular communication with all
members of personnel via
mechanisms such as ‘What’s App’,
‘Zoom’etc.|Low|Monitor &
Maintain
existing
controls|
|Trustee body
lacks relevant
skills or
commitment|•Organisation fails to
achieve its purpose
•Trustees are
bypassed in the
decision-making
process
•Resentment or
apathy amongst
staff & volunteers
•Poor decision
making reflected in
poor service delivery|✓Trustees and senior leadership
team have been elected following
the Chapter meeting in June 2023
✓New Trustees and members of the
Leadership Team are to be
provided with training in relation to
their roles and personnel who have
held the roles previously are
available for support
✓Organisation operates through
consultation and communication
across all areas to ensure service
delivery is maintained at required
levels|Medium|New Trustees
and
Leadership
Team
members to
be provided
with training
and a period
of guidance
and coaching
to ensure
maintenance
of operations|
11
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
||**Risk Register - Governance Risks - Continued**|**Risk Register - Governance Risks - Continued**|**Risk Register - Governance Risks - Continued**||
|---|---|---|---|---|
|**This is the**
**risk area /**
**topic**|**These are the**
**potential impacts**
**on the**
**organisation**|**This is how we are currently**
**reducing the risk**|**Priority**|**This is what**
**we need to do**
**to further**
**reduce the**
**risk**|
|Trustees
dominated by
one or two
individuals (or
connected
individuals)|•Trustees body
cannot operate
effectively as a
strategic body
•Decisions made
outside the
Trustee body
•Conflicts of
interest
•Pursuit of personal
agenda
•Culture of secrecy
•Arbitrary
overriding of
control
mechanisms|✓Elected representatives and
suitability of personnel for the roles
assigned
✓Changes to structure and
constitution of the organisation
leading to establishment of 2 Zonal
teams covering global operations –
1) Africa and 2) U.K. & other
operational areas
✓Feedback to be obtained from zonal
team members going forward who
will act as a ‘focal point’ for liaison
with Trustees and Leadership Team
✓Control mechanisms in position and
adhered to by all relevant personnel|
Medium|On-going
review of
structure
changes
within the
organisation
and
evaluation of
effectiveness
in respect of
global
operations
moving
forward|
|Trustees are
benefiting from
the organisation|•Poor reputation,
morale & ethos
•Adverse impact on
overall
environment
•Conflicts of
interest
•Possible
regulatory action|✓Individual trustees committed to the
ethos of the organisation – all are
members of the organisation
✓Profile of trustees and organisation
raised through personal visits being
conducted to areas of operation
✓Review of operations via external
auditors would identify any issues in
respect of personal benefit by a
Trustee
✓Whistleblowing policy & ethos of
organisation would identify any
conflicts of interest|Low|Monitor &
Maintain
existing
controls|
|Conflicts of
interest|•Organisation
unable to pursue
its own interests &
agenda
•Decisions may not
be based on
relevant
considerations
•Impact on
reputation
•Private benefit|✓All aspects of the organisation are
considered by the elected
Leadership Team – it determines
actions and requirements based on
discussion and consultation
✓Strategic plan established and
subject to review through Trustee
and Leadership Team meetings
✓Reputational risk would be
addressed through involvement of
legal support as and when required
plus involvement of the Diocese|Low|Monitor &
Maintain
existing
controls|
12
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
||||||
|---|---|---|---|---|
||**Risk Register - Governance Risks - Continued**||||
|**This is the**
**risk area /**
**topic**|**These are the**
**potential impacts**
**on the organisation**|**This is how we are currently**
**reducing the risk**|**Priority**|**This is what**
**we need to do**
**to further**
**reduce the**
**risk**|
|Ineffective
organisational
structure|•Remoteness from
operational activities
•Uncertainty as to
roles & duties
•Decisions made at
inappropriate level
to excessive
bureaucracy|✓The recent Chapter established a
new 6-year strategic plan
✓The Chapter agreed the 6-year
plan for the new leadership team to
implement (via consultation and
agreement)
✓New Trustee and Leadership
personnel have been involved with
operational activities for a period
✓Report covering previous 6-year
period provided to demonstrate
effectiveness of
activities/operations and to inform
the new strategy moving forward|Low|Monitor &
Maintain
existing
controls|
|Loss of key
staff|•Experience / skills
are lost
•Operational impacts
on key projects &
priorities
•Loss of contact base
& corporate
knowledge|✓Impact on operations has been
minimised due to some personnel
remaining on the Leadership Team
✓A handover period has been put
into effect to enable personnel new
to the roles to obtain coaching and
mentoring from previous holder of
the role
✓Succession Planning in position to
an extent in relation to the
management of the care homes in
Blackburn and Burnley|Low|Monitor &
Maintain
existing
controls|
|Reporting to
Trustees|•Inadequate
information resulting
in poor quality
decision making
•Failure of Trustees
to fulfil their control
functions
•Trustee body
becomes remote &
ill informed|✓Trustees are also the individuals on
the Leadership team
✓Decision-making is via consultation
and communication with feedback
mechanisms enabled to ensure
information is provided to all
relevant parties
✓Establishment of ‘Zonal’ teams who
will provide minutes for
consideration at Leadership Team
meetings|Low|Monitor &
Maintain
existing
controls|
|Contract Risk|•Contract has
onerous terms and
conditions
•Contract has
penalties for non-
performance
•Contract does not
comply with the
organisations
objectives|✓The organisation has limited
contracts in position
✓The new 6-year strategic plan will
be subject to a ‘mid-term’ review to
ensure that the issues identified
originally are relevant & realistic
✓Level of contracts felt to be minimal
with review of any large building
projects at sites outsourced and
reviewed by a surveyor prior to
commencement|Low|Monitor &
Maintain
existing
controls|
13
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
||**Risk Register - Operational Risks**|**Risk Register - Operational Risks**|||
|---|---|---|---|---|
|**This is the**
**risk area /**
**topic**|**These are the**
**potential impacts**
**on the organisation**|**This is how we are currently**
**reducing the risk**|**Priority**|**This is what**
**we need to do**
**to further**
**reduce the**
**risk**|
|Customer /
client
dissatisfaction|•Complaints are
made by
beneficiaries
•Income is lost
•Loss of significant
contracts
•Claims for
negligence
•Damage to
reputation|✓Staff complaints procedure in place
for raising of issues
✓If required legal assistance would
be obtained to address any
disputes
✓No liability claims in recent years
✓Diocese would deal with any
concerns in respect of reputational
risk – Safeguarding issues
addressed via internal policy plus
membership of 2 bodies – Catholic
Safeguarding Standards Agency
(C.S.S.A.) and Religious Life
Safeguarding Service (R.L.S.S)|Low|Monitor &
Maintain
existing
controls|
|Lack of
project or
service
development|•Lack of compatibility
with objectives &
strategies
•Loss of financial
support
•Loss of relevant
skills required for the
project or service|✓Projects in Kenya receive
percentage of funding from Irish
Aid (Overseas Development Fund)
through Misean Cara
✓New 6-year strategic plan with new
structure and constitution to be
implemented to maintain & develop
projects and services with delivery
by personnel with relevant skills
and abilities
✓On-going reviews with provision of
feedback across all operational
areas to ensure awareness of
situation and any action required|Low|Monitor &
Maintain
existing
controls|
|Dependency
on key
supplier|•Loss of objectives if
key supplier is not
there
•Lack of buying
power by the
organisation|✓Use of surveyor for projects with
established supplier relationships
✓Organisation does not have one key
supplier
✓Use of an energy broker to obtain
best deal in conjunction with other
organisations in Catholic dioceses in
England
✓Organisation is financially
independent and obtains on-going
financial advice to enable
operational activities to be
maintained|
Low|Monitor &
Maintain
existing
controls|
14
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
||**Risk Register - Operational Risks - Continued**|**Risk Register - Operational Risks - Continued**|**Risk Register - Operational Risks - Continued**||
|---|---|---|---|---|
|**This is the**
**risk area /**
**topic**|**These are the**
**potential impacts**
**on the**
**organisation**|**This is how we are currently**
**reducing the risk**|**Priority**|**This is what**
**we need to**
**do to further**
**reduce the**
**risk**|
|Building &
resource
capacity
unused|•Underutilised or
lack of building
space
•Mismatch of staff
allocations|✓Head Office is a residential
premises but space available within
for meetings and office work as
required
✓Hybrid working able to be
undertaken by personnel who
operate at Head Office
✓2 care home buildings – 1 is
rented, the other is owned
✓Head Office premises are owned
by the organisation
✓Roles and responsibilities are
designated with contracts of
employment issued and a
probationary period in position for
all appointments to determine
suitability with appraisals and
supervisions undertaken on an on-
going basis|Low|Monitor &
Maintain
existing
controls|
|Security of
assets /
information|•Assets are lost or
damaged
•Assets are stolen|✓Asset Register in position via
insurance policy details
✓Insurance policy with coverage of
relevant aspects reviewed annually
✓Organisation registered with
Information Commissioners Office
(I.C.O.)
✓GDPR policy and procedures in
position and communicated
✓Use of external organisation in
relation to information storage in
‘the cloud’
✓Retrieval of information from in ‘the
cloud’achieved successfully|Low|GDPR policy
to be subject
to review
Updated
Data
Protection
training to be
considered
for personnel
at the care
homes|
|Employment
Issues|•Disputes amongst
staff
•Non-compliance
with employment
law / health &
safety law
•Claims for unfair
dismissal etc
•Perceived lack of
equal opportunities
•Lack of staff
awareness &
training
•Low morale|✓External consultancy support used
for Health & Safety
✓Legal support provision available via
the insurance company used by the
organisation
✓Equal Opportunities Policy in
position and subject to review
✓Care staff – mandatory training
organised by the Care Home
Managers
✓Regular visits to operational care
facilities undertaken by
Congregational Leader
✓Regular supervision and appraisals
conducted by CareHomeManagers|
Low|Conduct
review of
Equal
Opportunities
Policy|
15
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
||**Risk Register - Operational Risks - Continued**|**Risk Register - Operational Risks - Continued**|**Risk Register - Operational Risks - Continued**||
|---|---|---|---|---|
|**This is the**
**risk area /**
**topic**|**These are the**
**potential impacts**
**on the**
**organisation**|**This is how we are currently**
**reducing the risk**|**Priority**|**This is what**
**we need to do**
**to further**
**reduce the**
**risk**|
|High turnover
of staff|•Loss of specialist
skills & experience
•Increase in
recruitment costs.
•Increase in training
costs
•Decrease in
morale|✓Staff recruitment is the responsibility
of the Care Home Managers in
Blackburn and Burnley respectively
✓Staffing needs are identified to the
Bursar for authorisation of
recruitment
✓Use of agency personnel on
occasions to address requirements
✓Training needs reviewed and
addressed across the organisation
by leadership team through
consultation with relevant personnel|
Low|Monitor &
Maintain
existing
controls|
|Health and
safety
compliance|•Injuries to staff,
volunteers &
members of the
public
•Damage to
reputation
•Increased insur-
ance premiums
•Loss of services
through lack of
personnel
•Loss of services
through
enforcement action|✓Use of external consultancy to
provide support and guidance
✓No incidents or accidents in recent
years
✓Fire risk assessments conducted at
each care home on an annual basis
with recommendations
✓Policy and procedures subject to
regular review and update
✓Mandatory training requirements
established and monitored by the
Care Home Manager – training
matrices in position|Low|Monitor &
Maintain
existing
controls|
|Business
continuity|•Lack of access to
the premises
•Loss of information
& communication
systems
•Loss of personnel
in a key job role|✓Organisational business continuity
plan in position
✓Each care home has a business
continuity plan related to their
specific operations and activities
✓Back-up of information via ‘the cloud’
✓Key personnel considered both
internally & externally
✓Recent establishment of leadership
team positions for next period|
Medium|Review
Business
Continuity
Plans across
the
organisation
covering
Head Office
and the two
care homes|
|Procedures &
systems|•Lack of awareness
of procedures &
systems
•Authority not
sought for major
decisions
•Poor information
technology
systems|✓Detailed ‘handover process’
document in position in relation to
Congregational Bursar role
✓Any major decision would be subject
to the obtaining of agreement and
authority from leadership team
before it could proceed
✓Procedures and systems reviewed
by external auditors annually
✓Bursar and her support assistant
attend IT awareness re security
annually
✓Support provided from external
source in respect of IT systems
✓Zonal Bursar(s) once appointed will
maintain systems from projects and
services|
Low|‘Handover
process’
details for
Congregatio-
nal Leader to
be provided.
Service Level
Agreement
from external
IT support to
be obtained
detailing
timescale for
restoration of
systems|
16
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
|**Risk**|**Risk**|**Register - Financial Risks**|**Register - Financial Risks**||
|---|---|---|---|---|
|**This is the**
**risk area /**
**topic**|**These are the**
**potential impacts**
**on the**
**organisation**|**This is how we are currently**
**reducing the risk**|**Priority**|**This is what**
**we need to do**
**to further**
**reduce the**
**risk**|
|Control of
budgets|•Budget does not
match
organisational
objectives
•Poor credit control|✓Regular financial report provided at
Trustees meetings
✓Identification of any financial issues
raised & discussed
✓Annual budget established and
monitored
✓Involvement of external accountancy
organisation to assist with financial
planning & reviews
✓Quarterly review of projected income
and expenditure against‘actual’|
Low|Monitor &
Maintain
existing
controls|
|Cash flow|•Inability to meet
commitments
•Impact on
operational
activities|✓Income and expenditure subject to
regular review both internally and
with external accountants
✓Production of quarterly accounts in
conjunction with external
accountancy organisation
✓Quarterly accounts review budget
established and variance and
determines any action required.|Low|Monitor &
Maintain
existing
controls|
|Dependencies on
income sources|
•Loss of income|✓Investment committee with
involvement of an external fund
manager who provides advice and
guidance
✓Spread of investments and ethical
investing policy followed with aim of
minimisingrisk|Low|Monitor &
Maintain
existing
controls|
|Investment|•Investment
committee with
involvement of an
external fund
manager who
provides advice
and guidance
•Spread of
investments and
ethical investing
policy followed
with aim of
minimising risk|✓Monthly investment committee
meeting
✓Investments and financial guidance
audited annually by independent
auditors
✓Investment committee aims to
maximise income & ensure
maintenance of operations across
the organisation
✓New members of personnel who will
be on the investment committee will
be provided with advice and
guidance byexternal fund manager|Low|Monitor &
Maintain
existing
controls|
|Financial
guidelines|•Enforcement
action
•Reputational
damage|✓Accounts are submitted to the
charity commission.
✓Accounts submitted to Companies
House
✓Processes in position – i.e.,
investment committee and external
accountancy involvement ensure
management of risk from a
reputational and enforcement
action perspective
✓Accounts of organisation subject to
independent audit annually|Low|Monitor &
Maintain
existing
controls|
17
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
||**Risk Register - Financial Risks - Continued**|**Risk Register - Financial Risks - Continued**|||
|---|---|---|---|---|
|**This is the**
**risk area /**
**topic**|**These are the**
**potential impacts**
**on the**
**organisation**|**This is how we are currently**
**reducing the risk**|**Priority**|**This is what**
**we need to do**
**to further**
**reduce the**
**risk**|
|Fraud or error|•Enforcement
action
•Reputational
damage|✓Procedures in position to ensure
fraud or error cannot occur
✓Checking of information by
personnel involved and any issues
would be raised
✓Independent assessment
conducted of the accounts of the
organisation
✓Double signature requirement in
position related to withdrawal of
funds
✓Limit established on debit cards
issued to individuals.
✓Limit established of £1000 per
cheque|Low|Monitor &
Maintain
existing
controls|
## **Conflict of Interest**
In order to follow best practice, the Charity requires a register of interests to be compiled and maintained by the Trustees on an ongoing basis. The table below records the potential conflicts of interest where one of the Trustees of The Franciscan Missionaries of St. Joseph is also a Trustee of other Charities.
## **Sister Maureen Murphy**
|**Date of Entry**
**on Register**|**Description of Potential Conflict of Interest**|
|---|---|
|January 2014|Trustee of Christian Council on Ageing|
## **Public Benefit**
The Charity Commission now requires charities to make a statement in their Trustees Report about the benefit they provide to the public. We welcome this opportunity to highlight our work because all our ministries are people centred and this applies both at home and overseas.
A detailed list of our ministries is given under the section heading Social and Pastoral Work on page 20. In addition to these various works our Sisters strive in their daily living and contact with people to provide a listening ear, kindness and practical help in the form of food and clothing to the many people who come knocking on our doors, a situation which is becoming more frequent as government help decreases and more people need support.
We welcome into our homes those who wish to join our communities for prayer and who seek spiritual help and guidance. Many such people are unable to afford to pay for professional help and they welcome the opportunity to share problems and seek solutions through counselling or spiritual direction given by our Sisters.
18
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
Whilst much of our charitable work is highly visible there are also immeasurable benefits to the public which derive from our ministry of prayer. We receive prayer requests from all over the world through our website and people greatly value this service.
Our elderly and infirm Sisters remain fully engaged in this ministry long after they become frail and physically disabled and they therefore continue to contribute to the well being of those around them.
## **Activities and specific objectives**
As stated above under ‘Mission’ the activities of the Charity can be divided into 4 principal areas:-
## **1** _**.**_ **Caring for Members of the Congregation**
In common with many other religious congregations, the age profile of the Sisters in the Congregation is increasing as existing members grow older and there are fewer religious vocations except in our Kenya Region. The age profile is shown below.
**----- Start of picture text -----**
Age Profile 2022
as at 31 December 2022
35
30 33
25 29
20
15
17
10
5
4 6 6
0
80 & Over 70-79 60-69 50-59 30-49 Under 30
**----- End of picture text -----**
The Congregation has an obligation, both legal and moral, to care for its members, none of whom have resources of their own and all of whom have devoted many years of their lives to the care of the elderly, poor and marginalized of our society. As the age profile of the Congregation increases so too does the need to provide increasing and increasingly expensive care to the Sisters. At the year end date, 11 Sisters were cared for in our two Care Homes. It remains the aim of the Trustees to:
- ensure all members of the Congregation are well cared for
- maintain our existing Care Homes and ensure that the properties continue to provide suitable accommodation
- enable all members of the Congregation to continue with their individual ministries for as long as possible
- ensure that funds are available for the training of the young Sisters, particularly in Africa, and that sufficient properties are available for accommodation. Training must include the transition of key roles from older European Sisters to younger African Sisters
19
**The Franciscan Missionaries of St. Joseph**
**Report of the Trustees**
**For the Year Ended 31 December 2022**
## **2. Social and Pastoral Work**
The following are examples of social and pastoral work undertaken by individual Sisters who play an important role in local communities.
- nursing and hospice care
- parish Sisters visiting, running catechetical programmes, prayer
- groups and parish based organisations
- teaching and lecturing in paid and/or volunteer roles
- administrative duties within the Congregation
- chaplaincy work in hospitals, hospices, care homes, and universities
- work with the homeless
- spiritual direction and retreat work
- preventative healthcare work especially with AIDS sufferers
- Rehabilitation and Care of Street Children
- Rehabilitation, advocacy and Care of disabled children and youths
- bereavement counselling
- missionary awareness through public speaking and Mission Appeals
- chaplaincy work Philippino community
The aims of Trustees in this area include:
- enabling the Sisters of the Congregation to continue to carry out meaningful social and pastoral care in the local area, responding to local need. The Sisters who work in these apostolates strive to enhance the dignity and personal self esteem of each person, irrespective of creed, race, age, sex or religion, believing each human person to be equal in the eyes of God and with the same right to benefit from the services we offer
- expanding our ministries in response to local needs wherever we are able
- _-_ wherever possible ensuring that the Sisters are remunerated for such work by way of salary or stipend. Their income is donated to the Charity and helps to ensure that the work is continued
## **3. Care Homes**
The Charity operates two registered Care Homes for the elderly. The philosophy of care in both homes aims to provide the residents with a secure, relaxed and homely environment in which their care, well being and comfort are of prime importance.
The mission of the Franciscan Missionaries of St Joseph flows from our belief in the sanctity of life and the dignity of the human person. We believe every person is created in the image of God and has an equal right to our respect, care and love.
20
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
Our Franciscan ethos is the value base of our holistic care expressed in meeting the physical, spiritual, social and psychological needs of our older, sick and infirm Sisters. We provide this care in collaboration with our co-workers, sharing in the mission of Christ. “I have come that you may have life and have it abundantly” (John 10:10)
## Franciscan Convent, Blackburn
There are thirteen registered rooms, several of which have en-suite facilities. There is also another floor that is not registered and which is used for the Sisters living in the convent but not requiring care. The Home provides care for both our own Sisters and for female members of the general public. The Home has its own chapel, which is open to visitors, and large grounds. The last Care Quality Commission Inspection which took place in January 2020 stated that the residents told us “they felt very safe and well cared for in the home and the staff were always kind, caring and respectful of their dignity and privacy”.
In February 2021 The Care Quality Commission undertook a targeted inspection looking at the infection control and prevention measures in place. Their findings stated, among other points, were that “we were assured the provider was promoting safety through the layout and hygiene practices of the premises” and “we were assured the provider was making sure infection outbreaks could be effectively prevented or managed”.
The residents are taken out for leisure pursuits. Sister Rosina and Maggie are photographed at Banny’s fish and chip restaurant whilst out on a trip.
To celebrate the coronation of King Charles III a buffet lunch was held at the Home on 6 May 2023 and some photos from the day are shown below.
Sister Rosina and Maggie
21
**The Franciscan Missionaries of St. Joseph**
**Report of the Trustees**
## **For the Year Ended 31 December 2022**
HEALTHWATCH Blackburn with Darwen, conducted an announced Enter and View visit on 3 May 2022. This was undertaken by authorised representatives from Healthwatch Blackburn with Darwen who have the authority to enter health and social care premises, announced or unannounced, to observe and assess the nature and quality of services and obtain the view of those people using the services.
In the Summary of their report the following observations were made:
The Franciscan Convent represents a true community environment with members of the order and the wider community living together in a very caring environment. The grounds and the building are spacious, well maintained and homely with opportunities for faith-based activities if chosen. Both staff and residents (who were not Sisters) told us that they felt comfortable in the environment “I am not religious at all, but this does not matter, there is no pressure to be involved.”
The staff to resident ratio is very favourable and staff were generally long serving, facilitating a high level of person-centred provision. This was perhaps captured best by a relative who told us. “The best thing is staff spend time with her even if there are no actual care needs at the time, I don’t think she would get that anywhere else no matter how much you pay.”
Franciscan Convent, Burnley
The Home has sixteen registered beds including three which are registered specifically for those suffering from dementia. Care is provided only for Sisters of the Congregation at the present time but can also be extended to Sisters of other Congregations. The Home has its own chapel, spacious lounges and a library. Its town centre location means that it is easily accessible and ensures that the Residents can avail themselves of local facilities and amenities.
In February 2023 the Manager carried out a Quality Assurance Questionnaire for the Sisters.
Sister Maria who was on respite care following knee surgery responded as follows:
Sister Sarah with one of the staff
“The staff seem to have the ability to discern my needs and supported my efforts to get back on my feet. With great support, encouragement and challenge I was making steady progress which I certainly could not have done without their invaluable help, kindness and compassion.”
A Note of Appreciation from one of the Sisters:
“Some weeks ago, six of the sisters and some members of staff came down with the Covid virus. I would like it recorded the remaining staff looked after us extremely well. As we were
22
**The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
isolated, meals were brought to our rooms, hot, nutritious, and beautifully presented, and all done with a smile. So, I think a big "Thank You" is due to all staff, cooks and carers for their care, kindness and courtesy. Nothing was too much trouble.” Sister Kilday
In running these two Homes the Trustees aim to provide excellent residential care, ensuring that Residents needs are fully met and that they enjoy as high a quality of life as possible. Both homes are regularly inspected and any indication of failure to comply with Care Quality Commission standards is immediately addressed and corrected.
## **4. Overseas Missionary Work**
The Congregation has Sisters working overseas in Kenya, Uganda, Ecuador and Ireland. The one Sister in the USA is has now retired but still engages in voluntary work. There are also two Sisters living in retirement in The Netherlands. A tremendous need continues for ministry overseas and the Sisters are engaged in many medical, pastoral, education, social work and catechetical apostolates particularly among the poor.
The increased number of Sisters in Kenya has enabled our work there to expand and to respond to further unmet local needs. In promoting Christian values in their mission of evangelisation the Sisters endeavour to encourage confidence in the local people in order to help them to become self sufficient and to undertake leadership roles. We aim to continue to expand our work as needs arise.
In December 2020 our Kenyan Sisters took over the management of St Vincent de Paul Mission hospital from the Sisters of Mercy. The hospital is in Muhoroni which is an outlying, rural area, of Kisumu diocese. The Sisters of Mercy asked our Sisters to take over the running of the hospital as they no longer had the personnel. The hospital offers a much needed service to the local community, comprising inpatient and outpatient care, maternity services, a mortuary, an x-ray department and a pathology laboratory.
The novitiate in Nairobi continues to thrive and £14,000 per year is transferred each year from the UK to fund Kenya formation programmes. It is the aim of the Trustees to continue this funding for as long as possible.
23
**The Franciscan Missionaries of St. Joseph**
**Report of the Trustees**
**For the Year Ended 31 December 2022**
## **Protection of Children and Vulnerable Adults**
The Trustees recognise the need to ensure the protection and safety of all those the Charity serves. This means that all Sisters who are in any kind of ministry in Great Britain have to obtain clearance from the Disclosure and Barring Service (DBS). The same applies to all staff and volunteers. The Trustees are committed to the implementation of all policies and procedures of the Catholic Safeguarding Standards Agency.
## **Investment Policy**
The Trust Deed dated 27[th] December 1963 does not specify investment powers and the 1961 Trustee Investment Act therefore applied.
Under a scheme of the Charity Commissioners dated 29[th] August 1996 the Trustees were granted wider powers of investment with an 85%:15% split between wider and narrower range investments.
The Trustee Act 2000 superseded this scheme and investments are now regulated by the Trustee Act 2000.
The Charity’s Investments are managed by True Bearing of Euxton, Lancashire. The investment strategy is set by the Trustees and takes into account income requirements in the short, medium and long term. An investment committee comprising of two Trustees, two Sisters of the Congregation and professional advisers meets monthly to review our investments. The aim is to provide income and capital growth to fund existing and future apostolates of the Congregation, both in the UK and overseas. Funds are also required for initial and on-going training programmes and for the costs of caring for our sick, elderly and incapacitated Sisters.
The policy is to maximise total return through a diversified portfolio and a level of income determined by the Trustees. We also endeavour to invest in socially responsible funds consistent with a Roman Catholic ethos in order to avoid investing in organisations or areas which have policies inconsistent with social justice.
Our ethical considerations will always take into account the requirement for security and the need to provide an acceptable investment performance but we are mindful of Christian teaching and endeavour to avoid investment in activities contrary to our beliefs.
24
**The Franciscan Missionaries of St. Joseph**
**Report of the Trustees**
## **For the Year Ended 31 December 2022**
## **Achievements and Performance – Review of activities**
We now describe the main achievements during the year in each of our principal activities.
## **1. Care of the Members of the Congregation**
Throughout the year the Charity continued to assist the Sisters of the Congregation in their charitable and religious work. Eleven Sisters were cared for in the Charity’s own care homes and the Charity enabled other Sisters to work and volunteer in their chosen ministries.
The 2023 General Chapter finalised the review and evaluation of the Congregation which was started at the 2017 General Chapter and will result in a restructuring including changes to our constitutions. The new constitutions will only be implemented when we receive approval from Rome.
## **2. Social and Pastoral Work**
Throughout the year Sisters continued to carry out various social and pastoral ministries and to play an invaluable role in local communities through their work. We continue to expand our ministries in response to local need and large numbers of people benefit from our work both in the UK and in all overseas missions. We describe the work of two of our sisters to illustrate some of our charitable activities.
## a) Sister Norah Nyausi
Sister Norah, whose area of specialization, in her degree qualification, is Leadership and Management with a focus on International Relations, has been managing St Francis Rehabilitation project for children with special physical needs in Malindi Diocese, Kenya, for the last three years. She says she has gained helpful skills, knowledge, and competence in inclusive disability activities over the years. Working with groups of families who are either affected directly or indirectly has made her address some key areas that parents/caregivers face while taking care of their children. Sister Norah says: “I have come to love working with those on the margins of the society.”
Sister Norah
25
**The Franciscan Missionaries of St. Joseph**
**Report of the Trustees**
## **For the Year Ended 31 December 2022**
## Background and Purpose
St. Francis Rehabilitation project was established in 2007 to holistically attend to physically handicapped children between the ages of 5 and 18 years for the purpose of improving their health conditions through rehabilitation services such as physiotherapy, occupational therapy and treatment, imparting skills to Children with Disabilities so that they may achieve some level of autonomy in carrying out activities of daily living, and be able to participate in formal education. The project seeks to build a conducive environment for people living with disabilities in Malindi and Kilifi County as a whole through action that reduces stigma associated with disability and supports community structures to be more responsive to the needs of people living with a disability. The project contributes to the 4th UN Sustainable Development Goal to ensure inclusive and equitable quality education and St Francis Rehabilitation Centre promote life-long learning opportunities for all.
## Services
The project has been faithful in providing rehabilitative services to Children living with disabilities in this catchment area where there is a gap in such services. Currently, there are 32 children resident at the Centre, 10 children who come each day and 42 in the outreach programmes.
Some of the achievements in the area of interventions include:
- Supporting Children with Disabilities to achieve independence/autonomy in activities of daily living both in the residential programme at St Francis Centre as well as in outreach services in four locations. These services include physiotherapy and occupational therapy. Young people who have left the Centre upon reaching 18 years are also supported and referrals are made for some children who need specialized services such as corrective surgery. Sister Norah says they also provide training to caregiver/parents on how to manage children with disabilities.
- Helping vulnerable Children with Disabilities to make the transition into school. Sister Norah says “We do this by initiating the children into informal learning first, carrying out school placements in the nearby school, providing a residential place to children studying in the nearby school, and supporting some with educational materials.
## Advocacy
Over a long period of time St Francis Centre has been engaging the people in the area on sensitization of the rights and care for children with special needs. Sister Norah
26
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
explains that they do this by carrying out advocacy activities every year such as on “The Day of the African Child” and “World Disability Day”. With these activities, she continues, we have helped the community to understand that Children with Disabilities have rights that need to be safeguarded. Finally, Sister Norah emphasizes “we have been able to lobby the National Council of Persons with Disabilities to formally recognize and register our children and the majority of the children now have NCPD identification cards. Registration with the National Council of People with Disabilities (NCPWD) is critical in assisting children or any people with disabilities to access statutory support”.
Sister Norah says: “We hope to continue bringing Sister Norah with some positive change through the services we offer in St children at St Francis Francis Centre and in the four villages where we have been extending our psycho-social support. We are grateful to all the people of goodwill who have made the development milestones a reality”.
## Sister Mary Monari
Sister Mary Monari was the first Kenyan Sister to become a Franciscan Missionary of St Joseph and she has now celebrated over 25 years in the Congregation. Sister Mary is a registered nurse and midwife and since 1991 has worked as a nurse mainly in Kenya, apart from 10 years spent in our mission in Ecuador serving the local people especially by supporting those of African origin who were marginalised in Ecuador.
Sister Mary (4[th] from right) with some co-workers
Sister Mary manages a Health Centre in Marigat, Baringo County, under the auspices of the Catholic diocese of Nakuru. As a Congregation, in Kenya, the Sisters work in support of the government health system and go where the government cannot reach.
27
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
## Mobile Clinics
Mary says there is a great need for health care services, namely maternal care, and child welfare clinics, as well as health education in remote, interior places. Because of this the Health Centre has outreach services in the form of mobile clinics treating people in far to reach areas to improve their health. Sister Mary says: “Most of these places are in war zones where the communities fight and do raiding of animals and end up killing one another. The mobile clinics are the best way
Sister Mary (centre) with some mothers
to care for the people’s health because they are always on the move – internally displaced – and our health facility follows them with health services”.
## Health Education
The facility also addresses health in children and youth in schools by teaching on communicable and non-communicable diseases as a way of prevention of diseases in the society and in the young population. In the school health programme examination, treatment of minor illness and referral of complicated conditions is done.
## Maternity Services
The Health Centre facility in Marigat assists in the referred clients from the mobile clinics especially the antenatal mothers who come in to have a skilled, qualified and professional delivery. Sister Mary says: “mothers who come from a far distance prefer to come to our facility for they are sure of getting good service, as we are under government supervision and are not a business facility of which there are a good number”.
Sister Mary points out that reporting to the government in all the health activities carried out by the Franciscan Missionaries of St Joseph is important because this contributes to the data in health systems to reduce mortality and morbidity at all levels. Regular reports are always made and this accountability to the government also allows for support to come from the government in the form of drugs and other medical supplies when they are available.
Advocacy is another one of the services offered to the local people by the Franciscan Missionaries of St Joseph. In Baringo, in the Health sector, this covers education on the Rights and Protection of children, youths and mothers.
Sister Mary (right) advocacy services
28
**The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
Sister Mary says that it also includes protection of the mothers from gender based violence (GBV), which often happens, and that creating awareness on what are the people’s human rights is greatly needed and this improves their lives.
To improve services the Franciscan Missionaries of St Joseph work in partnership with other organizations such as the Red Cross, World Vision, USAID Safaricom Foundation and others, to be able to succeed in our mission of reaching out with Health services to those who are left the furthest behind in our world.
## **3. Care Homes**
## **Franciscan Convent, Blackburn**
The quality of care provided in the Home is constantly monitored by the Trustees and the Home receives good reports from the Care Quality Commission. The care was recognised by Blackburn with Darwen Social Services and the Home was invited to be part of its Quality Assurance Scheme. All staff have recognised NVQ qualifications and many are now working to attain higher grades.
## **Franciscan Convent, Burnley**
This home is also constantly monitored by the Trustees and inspected by the Care Quality Commission. It is well staffed by dedicated and qualified workers and an internal quality assurance scheme monitors the standard of care achieved
The home is used by the Congregation for UK gatherings of the Sisters so that the more frail Sisters who live there, and would otherwise be unable to travel, can still attend.
## **4. Overseas Missionary Work**
A tremendous need continues for ministry overseas and the Sisters are engaged in many medical, pastoral, educational, social work and catechetical apostolates particularly among the poor. We have been able to expand our ministries in Kenya and particularly working with Street Children, widows and orphans of AIDS victims as well as AIDS patients in our clinics and home-based care programmes. The Sisters also manage a home for physically disabled children who are stigmatised and ostracised in the society and culture.
29
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
Our numbers continue to expand in Kenya and Uganda and we are now in eleven different areas of Kenya and one area in northern Uganda. Our houses are mostly in remote areas where our work includes health care, educational services, children's services, pastoral and social work with people who live in the poorest of circumstances.
In 2011 four of our Sisters opened a new mission in northern Uganda, among the Karamojong people. This is a very remote and neglected area of the country where access to maternal and child health care as well as to education is very limited. Our Sisters are making a difference to the quality of lives of the people. One Sister who is a qualified nursery school teacher runs the nursery school, another is working pastorally among the people and a third is running a bakery project jointly with the Mill Hill Missionaries.
The mission in Witu located in Malindi Diocese has established a school for children who would otherwise not be educated. At the beginning of May 2013 we closed our house in Nyabururu, in Kisii diocese, and opened a new house in Nyamira which is in a more remote and needy area of Kisii diocese.
At the end of November 2020 the Africa Region took on the management of St. Vincent's Mission Hospital in Muhoroni which is in a rural area of Kisumu diocese in western Kenya. This will be our second house in Kisumu diocese. The hospital was started and developed by the Sisters of the Institute of Our Lady of Mercy who approached our Congregation to take over the management of the hospital as they no longer have the personnel. This hospital offers a much needed service to the local community comprising inpatient and outpatient care, maternity services, a mortuary, an x-ray department and pathology laboratory. We are very grateful for this opportunity to expand our work for the benefit of the people in this area.
In Quito, Ecuador, one of our Sisters who started a counselling service for priests and religious in the city in 2008 is now working full time and providing a much needed service which also includes an increasing number of lay people among the clients. She also responds to requests from Religious Communities for workshops with a psycho-spiritual focus and also helps to run courses on Safeguarding. Santa Clara house in Quito closed in late December 2018. Santa Clara was one of our two houses in Quito. Apart from the one remaining house in Quito we also have a house in Puerto Quito in the coastal region of Ecuador where the Sisters are engaged in parish work, catechetics and healthcare for the disabled.
30
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
## **Investment Performance**
The conflict in Ukraine has brought both poor performance for our Mill Hill investments and inflation at rates not seen for more than 40 years. This high level of inflation impacts all areas and in particular has made the operation of our care homes very much more expensive. Investments were made in accordance with the Trustees Investment Policy referred to earlier in this report and in compliance with ethical guidelines.
## **Financial Review**
## **Results for the Year**
During 2022 total incoming resources amounted to £723,571 (2021 £849,244). Of the incoming resources, a total of £100,918 (2021 £45,125) related to fees receivable and other income of the Charity’s two care homes. £580,533 (2021 £779,871) was received by way of donations and legacies. This figure includes salaries and pensions of the Sisters amounting to £457,864 (2021 £591,525) covenanted to the Charity. Investment income and interest receivable totalled £6,953 (2021 £7,369) of which £6,689 (2021 £7,247) relates to designated funds.
Resources expended totalled £1,483,940 (2021 £1,490,846). The total expenditure on the Charity’s two care homes amounted to £1,086,305 (2021 £1,054,580). Total staff costs represent a very significant proportion of expenditure and amounted to £805,249 (2021 £759,491).
Expenditure incurred on maintaining the members of the Congregation and supporting them in their pastoral work and ministry amounted to £149,567 (2021 £167,211). Expenditure on governance costs and the fees paid to the Charity’s investment managers including fees paid to investment platforms during the year amounted to £56,449 (2021 £75,675).
Net outgoing resources for the year, were then £760,369 (2021 £641,602). Investment losses (2021 gains) of £903,733 (2021 £567,176) resulted in a net outflow of funds for the year of £1,664,102 (2021 £74,426).
## **Reserves Policy and Financial Position**
## Reserves Policy
The reader will discern from the foregoing that the Charity carries out a diverse range of activities and is responsible for care and support of Sisters whose average age is increasing and whose needs are changing. The Trustees have examined the need for free reserves i.e. those unrestricted funds not invested in tangible fixed assets, designated for specific purposes or otherwise committed and endeavour to balance the need for such free reserves with the desire to more fully fund the reserves needed to support Sisters in their retirement.
31
## **The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
Such free reserves are needed to support the work of the Sisters in the future, in particular the support of the Congregation’s missionary and healthcare work overseas. There has been a release from the Maintenance of Retired Sisters Reserve in the year of £20,000 (2021 £150,000) to maintain the level of such free reserves.
## Financial Position
The balance sheet shows total reserves of £5,215,159 (2021 £6,879,261). Of this, £1,373,060 (2021 £1,404,491) is represented by properties and other tangible fixed assets essential for the support and work of the Sisters.
The funds set aside to provide for the Sisters in their retirement, none of whom have resources of their own, have been reassessed during the year. The calculation, based on actuarial methods, indicated that £7.56M (2021 £6.89M) is needed to be set aside in order to provide a minimum pension. A minimum pension was set at £5,000 in 2003 and is rebased for inflation thereafter. In these accounts £1.28M (2021 £1.30M) has been set aside for this purpose. These funds embrace and are supplemented by the Mill Hill Pension Fund, a designated fund for the maintenance of retired Sisters created from donations by the Mill Hill Society primarily for that purpose and amounting to £3,766,946 (2021 £5,384,240) at the year end date. In addition, there are investments and monies in bank deposit accounts held within the United States of America and Ireland Regions totalling £804,189 (2021 £919,536) and £570,338 (2021 £594,394) respectively which are held for the future maintenance of retired Sisters.
The Ecuadorian Retirement Fund is held in a UK deposit account. It is intended that these monies will be set aside in their own dedicated bank deposit account, once interest rates return to normal. The monies representing the Ecuadorian Retirement Fund amounted to £88,312 (2021 £88,188).
Many of the difficulties relating to the Coronavirus (Covid-19) pandemic have now eased and The Order has not suffered any marked structural impact from the Coronavirus (Covid-19) pandemic. While the impact of the Coronavirus (Covid-19) pandemic has abated, the conflict in Ukraine has raised new and challenging problems. The conflict has brought both poor performance for our Mill Hill investments and inflation at rates not seen for more than 40 years. This high level of inflation impacts all areas and in particular has made the operation of our care homes very much more expensive. We are confident that the financial pressures stemming from the conflict can be weathered, however, we remain vigilant both in measuring these inflationary costs and planning for the future accordingly.
The Trustees hope that, in the medium to long term, investment markets will continue to improve and that they will be able to designate more funds to the Sisters’ retirement fund. The calculations show clearly that this is a prudent and sensible policy.
32
**The Franciscan Missionaries of St. Joseph**
**Report of the Trustees**
**For the Year Ended 31 December 2022**
## **Future Plans**
The Trustees do not anticipate any significant change to the Charity or its activities in the coming year. It is our intention to continue to meet the following objectives:
- To continue to care for the Sisters and enable them to continue their various ministries among the poor and marginalized of society.
- To continue to run two Care Homes for the elderly and those suffering from dementia.
- To meet the requirements of the Care Standards Act 2000 and inspections conducted by the Care Quality Commission.
- To continue to provide training to all our staff.
- To continue to expand our work in Kenya and Uganda and to continue the transition of responsibilities to our Kenyan Sisters.
- To continue to fund the formation training of our Sisters in Kenya.
- On the advice of our Solicitors to facilitate having Sisters living overseas as Trustees we have registered as a Company and a new Charity (a Charitable Company Limited by Guarantee with no Share Capital (Registered Company Number 07010772 (England and Wales)) (Registered Charity Number 1135474)). The transition of the functions and assets of The Order to the new Company and Charity was implemented on 1 January 2011 by a Transfer Deed dated 18 February 2011.
Many of the difficulties experienced by The Order relating to the Coronavirus (Covid-19) pandemic have now eased. The Order has not suffered any marked structural impact from the Coronavirus (Covid-19) pandemic and we are pleased to report that our Sisters have been able to resume their in person ministries. While the impact of the Coronavirus (Covid-19) pandemic has abated, the conflict in Ukraine has raised new and challenging problems.
The conflict in Ukraine has brought both poor performance for our Mill Hill investments and inflation at rates not seen for more than 40 years. This high level of inflation impacts all areas and in particular has made the operation of our care homes very much more expensive. We are confident that the financial pressures stemming from the conflict can be weathered however we remain vigilant both in measuring these inflationary costs and planning for the future accordingly.
33
**The Franciscan Missionaries of St. Joseph**
## **Report of the Trustees**
## **For the Year Ended 31 December 2022**
The Trustees are of the opinion that the financial position is such that we will be able to continue to meet our future planned objectives with no significant change in our operations or activities for the next two years and indeed for the foreseeable future notwithstanding the adverse impact of the conflict in Ukraine on both inflation and on our financial investments.
At our General Chapter in June 2023 the Congregation completed a process of restructuring including changes to our constitutions to make them more relevant to our present reality. Our final proposals will only be implemented when we receive approval from Vatican authority.
## **Employees, Advisors and Members of the Congregation**
The Trustees wish to record their recognition and gratitude to all their staff, professional advisors and individual Sisters of the Congregation for their dedication and commitment to the works of the Congregation throughout the year.
Approved by the Trustees on 21st September 2023 and signed on their behalf by:
……………………………………………… **Sister Anne Moore** Trustee and Congregational Leader ……………………………………………… **Sister Margaret Nyabongoye** Trustee and Assistant Congregational Leader Registered Charity Number 1135474
34
**Independent Auditor's Report to the Members of**
**The Franciscan Missionaries of St. Joseph**
**For the Year Ended 31 December 2022**
## **Opinion**
We have audited the accounts of Franciscan Missionaries of St Joseph for the year ended 31 December 2022 set out on pages 1 to 64. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed.
In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
35
**Independent Auditor's Report to the Members of**
**The Franciscan Missionaries of St. Joseph**
**For the Year Ended 31 December 2021 - Continued**
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees' are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the Trustees' Report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of Trustees**
As explained more fully in the statement of responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control, as the trustees determine is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error. In preparing, the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
36
**Independent Auditor's Report to the Members of**
**For the Year Ended 31 December 2022 - Continued**
**The Franciscan Missionaries of St. Joseph**
## **Auditor's responsibilities for the audit of the financial statements - Continued**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
## **Extent to which the audit was considered capable of detecting irregularities, including fraud**
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
- Reviewing minutes of meetings of those charged with governance;
- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
37
**Independent Auditor's Report to the Members of**
**The Franciscan Missionaries of St. Joseph**
**For the Year Ended 31 December 2022 - Continued**
## **Extent to which the audit was considered capable of detecting irregularities, including fraud - Continued**
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and with regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Jonathan Ward (Senior Statutory Auditor) Alpha House for and on behalf of Azets Audit Services 4 Greek Street Chartered Accountants Stockport, SK3 8AB Statutory Auditors
Azets is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
38
## **The Franciscan Missionaries of St. Joseph**
## **Statement of Financial Activities**
## **For the Year Ended 31 December 2022**
|Note
**Incoming Resources**
Voluntary Income
2
Activities for
Generating Funds
3
Investment Income
4
5
6
**Total Incoming Resources**
Incoming Resources
from Charitable Activities
Other Incoming
Resources|**2022**
**2021**
Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
580533
-
779871
95
-
-
264 6689
7369
101123
-
45468
34867
-
16536
34867
95
-
-
580533
-
-
101123
-
6953|
|---|---|
||716882
6689
849244
-
723571|
39
**The Franciscan Missionaries of St. Joseph**
## **Statement of Financial Activities - Continued For the Year Ended 31 December 2022**
|Note
**Resources Expended**
Fundraising trading:
cost of goods sold
and other costs
7
Investment
Management Costs
8
Charitable Activities
Charitable Activities
9
Governance Costs
10
**Total Resources Expended**
Costs of Generating
Funds
**Net Outgoing**
**Resources before**
**Gains/(Losses) on**
**investments**|**2021**
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
-
-
-
-
23221
29137
1427491
-
1415171
33228
-
46538
£
23221
-
-
1427491
33228
Funds
Total
-
-
**2022**
-
£|
|---|---|
||1460719
23221
1490846
1483940
-|
||(743837)
(16532)
(641602)
(760369)
-|
40
**The Franciscan Missionaries of St. Joseph**
## **Statement of Financial Activities - Continued**
## **For the Year Ended 31 December 2022**
|Note
**Net Movement in Funds**
Total Funds Brought Forward
**Total Funds Carried Forward**
Transfer Between Funds
Movement in Value of
Investment Assets
**Reconciliation of Funds**
Profit/(Loss) on Sale of
Investment Assets
**Gains/(Losses) on**
**Investments**|**2021**
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
£
-
63089
95835
-
(966822)
471341
696905
(696905)
-
-
-
(966822)
-
-
63089
Funds
Total
**2022**|
|---|---|
||(46932)
(1617170)
(74426)
1406833
5472428
6953687
-
(1664102)
-
6879261|
||1359901
3855258
6879261
-
5215159|
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
41
## **The Franciscan Missionaries of St. Joseph**
## **Balance Sheet as at 31 December 2022**
|**2022**
Note
£
£
£
**Fixed Assets**
Freehold & Leasehold Property
Other Tangible Assets
9538
**Total Tangible Fixed Assets**
14
**Designated Funds Investments**
15
**Investments**
Quoted Investments
16
-
Unquoted Investments at Cost
280
**Total Fixed Assets**
**Current Assets**
Sundry Debtors
20
2885
Cash at Bank - Deposit Accounts
126300
Cash at Bank - Current Accounts
18304
Cash in Hand
3551
151040
**Liabilities**
Creditors: due within one year
21
76167
**Net Current Assets**
**Total Net Assets**
**The Funds of the Charity:**
**Restricted Funds**
**Designated Funds**
**Unrestricted Funds**
Maintenance Reserve
17
1280000
General Fund
79901
**Total Charity Funds**
24
Sister Anne Moore
Directors
Sister Margaret Nyabongoye
106833
58016
5215159
5215159
1359901
6974
280
1300000
135403
2630
3259
3855258
148266
5140286
280
74873
1363522
-
12051
1373060
3766946
1392440|**2021**
£
1404491
5384240
280|
|---|---|
||6789011
90250|
||6879261|
||-
5472428
1406833|
||6879261|
|||
Approved by the Directors on 21 September 2023
Registered Charity Number 1135474
42
**The Franciscan Missionaries of St. Joseph**
## **Consolidated Statement of Cash Flows**
## **For the Year Ended 31 December 2022**
|**Cash flows from operating activities**
Net cash (outflow) in respect of operating activities
**A**
**Cash flows from investing activities**
Investment income and interest received
Proceeds from the disposal of tangible fixed assets
Purchase of tangible fixed assets
Proceeds from the disposal of investments
Purchase of investments
**Net cash provided by investing activities**
**Increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents as at 1 January 2022**
**B**
**Cash and cash equivalents as at 31 December 2022**
**B**
Write back of provision for professional fees in
relation to Blackrock Cork.|£
620677
6953
250
(480)
712693
(80000)
639416
(74005)
**2022**
(713421)
-
546672|**2021**
£
(639100)
7369
-
-
(6944)
423258
-|
|---|---|---|
|||423683
(215417)
836094|
|||620677|
43
**The Franciscan Missionaries of St. Joseph**
**Consolidated Statement of Cash Flows - Continued**
## **For the Year Ended 31 December 2022**
## **A Reconciliation of net movement in funds to net cash used in operating activities**
|Adjustments for:
Depreciation charge
(Profit)/Loss on sale of fixed assets
(Gain) on sale of investment assets
Movement in Value of MHP Fund *
Movement in Value of Ecuadorian R'ment Fund
Investment income and interest receivable
Decrease in balance due to MHP *
Loss/(Surplus) on disposal of tangible fixed assets
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Movement in Designated Fund
**Net cash (outflow) in respect of operating activities**
**Net movement in funds (as per the Statement of**
**Financial Activities)**
(Gain)/Loss on movement in value of investment
assets|£
18151
(713421)
697029
(696905)
(1664102)
4089
966822
(6953)
-
-
31911
(63089)
**2022**
(124)
(250)|**2021**
£
(74426)
32642
-
(95835)
(471341)
463526
-
(7369)
-
254
2125
(25150)
(463526)|
|---|---|---|
|||(639100)|
* see note 15a
## **B Analysis of cash and cash equivalents**
|MHP Bank Account *
MHP Monies held on Investment Platforms *
Cash at Bank - Deposit Accounts
Cash at Bank - Current Accounts
Cash in Hand|**2021**
£
£
463450
15935
135403
3259
2630
620677
546672
391007
126300
18304
3551
7510
**2022**|
|---|---|
* see note 15b
44
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
## **1 Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below.
## a) Company Information:
The Franciscan Missionaries of St. Joseph is a Private Company Limited by Guarantee incorporated in England and Wales. The registered office is St. Joseph's Convent, 150 Greenleach Lane, Worsley, Manchester, M28 2TS.
## b) Basis of Preparation:
The accounts have been prepared in accordance with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention except as disclosed in the accounting policies certain items are shown at fair value. The principal accounting policies adopted are set out below.
- c) Critical accounting estimates and areas of judgement:
Preparation of the accounts requires the Trustees to make significant judgements and estimates. The items in the accounts where these judgements and estimates have been made include:
- estimating the useful economic life of tangible fixed assets
45
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **1 Accounting Policies - Continued**
- d) Assessment of going concern:
The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.
The Trustees of the Charity continue to think that the Covid-19 (coronavirus) pandemic, will have no marked structural impact on our operating income and expenditure. However, this is premised on the continued avoidance of infection amongst the Congregation. If this position was to change in a material way then it would not be realistic to supply future guidance, beyond saying that we remain confident that the financial consequences of such a crisis could be weathered.
The Trustees have therefore concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due.
The most significant areas of judgement that affect items in the accounts are detailed above. With regard to the next accounting period, the year ended 31 December 2023, the most significant areas that affect the carrying value of the assets held by the Charity are the level of investment return and the performance of the investment markets (see the investment policy and the risk management section of the Trustees' Report for more information).
- e) Income Recognition:
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Sisters' salaries and pensions are received under deeds of covenant and are stated inclusive of income tax but net of any deductions for social security payments and contributions to occupational pension schemes if relevant.
Donations are recognised on a remittance basis. Receipts of property, investments or other gifts in kind are included at market value.
Government coronavirus (Covid-19) grants are recognised in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
In accordance with the Charities SORP and FRS102, volunteer time is not recognised.
46
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **1 Accounting Policies - Continued**
- e) Income Recognition - Continued:
Dividends are recognised once the dividend has been declared as becoming payable and notification received of the dividend due. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
- f) Expenditure Recognition:
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Expenditure on raising funds includes all expenditure associated with raising funds for the Charity. This includes investment management fees.
- Expenditure on charitable activities includes the costs of running the Charity's convents as well as all other costs associated with furthering the charitable purposes of the Charity through the provisions of its charitable activities. These costs comprise charitable grants and donations, direct and support costs in respect to the support of members of the Congregation and their ministry. It also includes governance costs.
Charitable grants and donations are made where the Trustees consider there is a real need following a review of the details of each particular case. Grants and donations are included in the statement of financial activities when approved for payment. Provision is made for grants and donations approved but not paid over at the year end date.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
- g) Support and Governance Costs:
Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the Charity, it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment.
Governance costs comprise the costs involving the public accountability of the Charity (including audit costs) and costs in respect to its compliance with regulation and good practice.
47
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
- h) Tangible Fixed Assets:
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided in equal amounts each year in order to write off the cost of fixed assets over their useful lives i.e.
|Buildings and Alterations|2 %|
|---|---|
|Fixtures, Fittings and Furniture|15 %|
|Office Equipment|15 %|
|Motor Vehicles|25 %|
Buildings are in constant use in furtherance of the Order's charitable objectives and are properly maintained to standards that ensure that their residual value is not less than their book value. Notwithstanding this, the Trustees have decided to depreciate buildings and alterations at the rate of 2% per annum.
- i) Quoted investments are stated at mid-market value at the balance sheet date. Unrealised investment gains and losses are calculated as the difference between the valuation at the balance sheet date and their valuation at the last balance sheet date or purchase price, if acquired during the year and are reflected in the statement of financial activities.
## j) Debtors:
Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.
- k) Cash at Bank and in Hand:
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Deposits for more than three months and up to one year have been disclosed as short term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.
- l) Creditors and Provisions:
Creditors and provisions are recognised where the Charity has an obligation at the balance sheet date as a result of a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts that may be due.
48
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **1 Accounting Policies - Continued**
- m) Services provided by Members of the Congregation:
For the purposes of these accounts, no value has been placed on administrative and other services provided by Members of the Congregation.
## n) Pension Contributions:
Contributions in respect of the Charity's defined contribution pension scheme are charged to the statement of financial activities as they become payable in accordance with the rules of the scheme. The Charity has no liability beyond making its contributions and paying across the deductions for the employees' contributions.
- o) United Kingdom Sister Houses:
Transactions of United Kingdom Sister Houses are incorporated in the financial statements.
## p) Overseas Houses:
The unaudited overseas accounts are set out on pages 66A - 114A and are not incorporated in the main accounts.
There are overseas houses located in Ireland, the United States of America, Kenya, Uganda and Ecuador.
There are two Sisters located in The Netherlands. The Dutch Sisters reside in a state run retirement home and their Dutch Pensions are used to pay the retirement home fees. Any surplus personal allowance is periodically remitted to the UK Central Fund. No bank account is maintained in The Netherlands.
The program to strengthen financial management, reporting and communication of all overseas regions is continuing.
As part of this program the Bursar General makes regular visits to each Region to re-affirm the financial guidelines under which each Region operates with particular regard to the requirement to communicate financial changes and planned financial changes to the Bursar General.
Where appropriate, the appointment of external Regional accountants will be considered and this has already been actioned in the United States and Africa Regions.
49
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **2 Voluntary Income**
|Donations and Other Voluntary Contributions
Other Donations:
Salaries and Remuneration
State Benefits
Pensions (Great Britain) *
Pensions (Missions and Houses overseas) *
Coronavirus (Covid-19) Grant Income
Council Hardship Grant
Legacies
Voluntary Contributions for Missions **
Mission Appeals **
Voluntary Contributions for Designated Funds
Restricted Funds
Designated Funds
Unrestricted Funds|£
£
177208
3742
-
580533
86530
**2022**
580533
-
-
66643
185723
8403
13124
15945
580533
580533
15416
7799|**2021**
£
12905
201136
24430
265331
100628
62971
-
6410
103202
2858|
|---|---|---|
|||779871
-|
|||779871|
|||£
-
-
779871|
|||779871|
- includes overseas pensions relating to Sisters now located in Great Britain. ** see note 13
50
## **The Franciscan Missionaries of St. Joseph**
## **Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
|**3**
**Activities for Generating Funds**
Book and Calendar Receipts
Other Fund Raising Activities
**4**
**Investment Income**|£
**2022**
95
95
-|**2021**
£
-
-|
|---|---|---|
|||-|
||||
|Dividends and Interest Received
on Quoted Investments
Interest Received on Unquoted Investments
Bank Interest Received|**2021**
£
£
7247
-
122
7369
264
-
**2022**
6953
6689|
|---|---|
Dividends and Interest Received on Quoted Investments and Bank Interest Received include income from designated funds of £6,689 (2021 £7,247) - see note 15.
## **5 Incoming Resources from Charitable Activities**
|Fees and Remuneration - Residential Care Homes
Other Miscellaneous Income|£
100918
205
101123
**2022**|**2021**
£
45125
343|
|---|---|---|
|||45468|
51
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
|**6**|**Other Incoming Resources**|||
|---|---|---|---|
|||**2022**|**2021**|
|||£|£|
||Insurance Payout for Medical Expenses|18629|16536|
||Surplus on Sale of Motor Cars & Property|250|-|
||Bank Charges Managers Refund|-|-|
||Transfers from Regions - see note 13|15988|-|
|||34867|16536|
||Bank Charges Managers Refund include income from designated funds of £Nil (2019 £35) - see|||
||note 15.|||
|**7**|**Fundraising Trading: cost of goods sold and other**|||
||**costs**|||
|||**2022**|**2021**|
|||£|£|
||Cost of Book Expenses|-|-|
||Other Fund Raising Costs|-|-|
|||-|-|
## **8 Investment Management Costs**
|Investment Advice Fees
Investment Platform Fees - see note 15
Restricted Funds
Designated Funds
Unrestricted Funds|£
£
3203
23221
**2022**
23221
20018
-
-
23221|**2021**
£
25118
4019|
|---|---|---|
|||29137|
|||£
-
29137
-|
|||29137|
52
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **9 Charitable Activities**
|Education and Tuition
Sister House Expenses *
Cont. to Missions External Programs - see note 13
Residential Care Home Expenses
Formation
Support Costs - see note 11
Restricted Funds
Designated Funds
Unrestricted Funds|£
£
7000
-
1086305
1427491
8513
76236
-
1427491
149567
1427491
**2022**
99870|**2021**
£
4670
167211
76642
1054580
26595
85473|
|---|---|---|
|||1415171|
|||£
-
-
1415171|
|||1415171|
## **10 Governance Costs**
|Audit Fee
Legal and Other Professional Charges|**2021**
£
£
9050
37488
46538
23028
**2022**
10200
33228|
|---|---|
53
**The Franciscan Missionaries of St. Joseph**
## **Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **11 Support Costs**
|Office Expenses
Administration Salaries
Insurance
Travel
Bank Charges
Upkeep of Buildings
Depreciation - Vehicles and Fixtures & Fittings
Depreciation - Buildings & Alterations
Deficit on Sale of Motor Cars & Property
General Chapter Expenses
Other Expenses
**12**
**Wages & National Insurance**
a)
Gross Wages
Employers National Insurance
Employers Pension Contributions - NEST
b)
Residential Care Home Employees
Sister House Employees
Central Fund Employees
c)
Average number of full time equivalent employees:
Residential Care Home Employees
Sister House Employees
Central Fund Employees|£
£
£
1783
258
-
34
805249
99870
805249
16955
15350
1404
-
18780
769514
12923
2993
14300
**2022**
28918
44129
8883
1
748197
**2022**
1
25981
36|**2021**
£
13061
15271
6667
15924
1569
-
3724
28918
254
-
85|
|---|---|---|
|||85473|
|||**2021**
£
709157
38406
11928|
|||759491|
|||£
726457
17735
15299|
|||759491|
|||34
1
1|
|||36|
d) No employees had emoluments in excess of £60,000 in either year.
54
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **12 Wages & National Insurance - Continued**
- e) There are no key management salaries. All key managers are Trustees of the Charity and receive no remuneration.
## **13 MISSIONS**
This note brings together the UK income and expenditure for sisters based overseas. The overseas accounts are not audited.
## a) Income for Missions and Other Houses Overseas
|Region
Srs. Pensions *
Vol. Contbs. *
Mission Appeals *
Transfers from
Regions to Central
Fund **|Ireland
USA
Africa
Ecuador
£
£
£
£
-
9516
-
-
33892
5633
32751
71381|**2021**
Total
Total
£
£
100628
103202
**2022**
86530
66643|
|---|---|---|
||-
43408
15998
-
-
38384
71381
-
|203830
-
15998
153173|
||15998
43408
38384
71381|203830
2858
3742
169171|
||||
|||206688
172913|
* see note 2 ** see note 6
- b) Pensions remitted from The Netherlands amounted to £Nil (2021 £Nil).
- c) Expenditure relating to Mission and Other Houses Overseas
|N.I. Contributions
Other Srs. Exps.
Transfer from
Central Fund for
External Pgrms.|**2021**
Ireland
USA
Africa
Ecuador
Total
Total
£
£
£
£
£
£
-
-
-
-
83
14397
**2022**
-
581
-
-
425
73|
|---|---|
||-
83
14397
-
31958
76642
-
581
73
76236
44278
425|
||-
32041
91039
76817
44703
73|
55
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **13 MISSIONS - Continued**
- d) In addition to the above there are transfers from the Central Fund to the Africa Region totalling £7,000 (2021 £26,535). These monies are to be used for formation.
- e) Income and Expenditure for the African Region comprise 11 Houses located in Kenya and Panyangara House which is located in Uganda.
## **14 Tangible Fixed Assets**
|||Freehold Land and
Buildings|Motor Cars|Office
Equipment|Fixtures &
Fittings|Total|
|---|---|---|---|---|---|---|
|||£|£|£|£|£|
|a)|Cost or Valuation:||||||
||As at 1 January 2022|1652702|118242|33014|1036033|2839991|
||Additions at Cost|-|-|-|480|480|
||Impairment|-|-|-|-|-|
||Disposals|-|(7295)|-|-|(7295)|
||At 31 December 2022|1652702|110947|33014|1036513|2833176|
|b)|Depreciation:||||||
||As at 1 January 2022|260262|117117|
30867|1027254|1435500|
||Charge for the Year|28918|1125|
449|1419|31911|
||Disposals|-|(7295)|-|-|(7295)|
||At 31 December 2022|289180|110947|
31316|1028673|1460116|
|c)|Net Book Value:||||||
||As at 31 December 2022|1363522|-|
1698|7840|1373060|
||As at 31 December 2021|1392440|1125|
2147|8779|1404491|
56
**The Franciscan Missionaries of St. Joseph**
## **Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
|**14**
**Tangible Fixed Assets - Continued**
d)
Freehold Land and Buildings include alterations and are stated:
At 1 January 2022
At 1987 Valuation
At Cost
Cost or Valuation at 1 January 2022
At 31 December 2022
At 1987 Valuation
At Cost
Cost or Valuation at 31 December 2022
e)
Fixtures and Fittings are stated:
At 1 January 2022
At 1998 Valuation
At Cost
Cost or Valuation at 1 January 2022
At 31 December 2022
At 1998 Valuation
At Cost
Cost or Valuation at 31 December 2022|£
310000
1342702|
|---|---|
||1652702|
||310000
1342702|
||1652702|
||908750
127283|
||1036033|
||908750
127763|
||1036513|
f) Motor Cars and Office Equipment are stated at cost.
g) Other capital expenditure authorised or contracted for before the year end date for which no provision has been made in the accounts is £Nil.
57
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **15A Designated Fund: MHP**
In 1994 The Congregation created a pension fund for the maintenance of retired Sisters from donations made by the Mill Hill Society primarily for that purpose.
- a) The Mill Hill Pension Fund account for the year is as follows:
|Balance as at 1 January 2022
Mill Hill Donation
Net Transfers (to)/from Central Fund
Movement on Value of Investments Held
Bank Interest Received
Investment Income
Profit on Sale of Investments
Investment Advice Fees
Investment Platform Fees
Balance as at 31 December 2022
b)
Funds are invested as follows:
Quoted Investments
Cash at Bank - Deposit Accounts
Monies Held on Investment Platform
Net Sundry Debtors
c)
Quoted Investments are incorporated
at Market Value i.e.
Cost
Surplus on Valuation
Market Value|£
£
£
3368429
3368429
1532084
(966822)
**2022**
1836345
5384240
3766946
391007
-
3766946
**2022**
63089
6009
-
7510
680
(20018)
(3203)
**2022**
(697029)|**2021**
£
5302480
-
(463526)
471341
59
7188
95835
(25118)
(4019)|
|---|---|---|
|||5384240|
|||**2021**
£
4904855
463450
15935
-|
|||5384240|
|||**2021**
£
2405949
2498906|
|||4904855|
58
**The Franciscan Missionaries of St. Joseph**
## **Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
|**15A**|**Designated Fund: MHP - Continued**|||
|---|---|---|---|
|d)|The movement in quoted investments|**2022**|**2021**|
||during the year is as follows:|£|£|
||Cost as at 1 January 2022|2405949|2733371|
||Disposals|(649605)|(327422)|
||Additions|80000|-|
||Cost as at 31 December 2022|1836344|2405949|
|e)|The Mill Hill pension fund includes the following investments which represent more||than 5% of the|
||value of the portfolio at the start of the year or/and at the end of the year.|||
|||**2022**|**2021**|
|||£|£|
||abrdn UK Ethical Equity|237481|414257|
||Fidelity Sustainable European Equity|289142|322407|
||Aegon Ethical Equity|234922|302787|
||Royal London Sustainable Leaders Trust|240942|269954|
||Rathbone Ethical Bond Fund|197929|239074|
||Royal Bank of Scotland 12 Month Fixed Bond|200000|-|
|||1400416|1548479|
59
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **15B Designated Fund - Ecuadorian Sisters Retirement Fund**
Monies constituting the Ecuadorian Sisters Retirement Fund, previously located and managed in the United States, were transferred to the Central Fund in March 2020.
|Balance as at 1 January 2022
Add Annual Supplement
Balance as at 31 December 2022|**2021**
£
£
88188
-
88188
88188
124
**2022**
88312|
|---|---|
It is intended that these monies will be set aside in their own dedicated bank deposit account, now that interest rates have returned to normal.
Following the rise in interest rates in 2022 a credit has been calculated in line with interest rates available to the Order.
There were no additions in 2021 as a consequence of the very low interest rates which prevailed at that time.
## **16 Investments**
There have been no quoted investments held in the year or in the previous year.
Unquoted investments totalling £280 (2021 £280) relating to premium bonds.
60
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **17 Maintenance Of Retired Sisters**
There is a substantial liability for the future costs of maintenance of Sisters in their retirement.
To provide for this Reserves have in the past been created by transfers from the Capital Fund of the Order. It is now necessary to supplement the operating funds by transfers from these reserves i.e.
|Maintenance Reserve
Balance as at 1 January 2022
Less Transfer to Capital Account this Year
Balance as at 31 December 2022|£
1300000
**2022**
1280000
20000|**2021**
£
1450000
150000|
|---|---|---|
|||1300000|
The Mill Hill Pension Funds support the Retired Sisters Maintenance Fund and total £3,766,946 (2021 £5,384,240).
Monies transferred to the Capital Fund of the Order from the Mill Hill Pension Fund in the year totalled £697,030 (2021 £463,526) and is in addition to the monies transferred from the Maintenance Reserve.
A full report on the Mill Hill Pension Fund is provided in Note 15.
The maintenance of retired Sisters has, as in previous years, been charged as an expense when the cost was incurred.
It has been possible in previous years to meet these costs from current income without recourse to the Pension Funds. This practice has not been sustainable since 2011 and the release of reserves to supplement current income will continue for the foreseeable future.
A pension of £9,820 (2021 £8,657) per Sister is regarded as the minimum target but is significantly less than the current need. The effects of inflation are recognised and the annual pension target is now being indexed accordingly from a base figure of £5,000 in 2003.
The Trustees estimate that the funds needed to provide an annual inflation indexed pension of £9,820 (2021 £8,657) per sister from the date of retirement exceeds £7.56 million (2021 £6.89 million) of which £3.44 million (2021 £3.25 million) relates to Sisters over the age of 65.
The calculations continue the policy adopted in 2010 which incorporates different Regional life expectancy rates.
It is intended that further additions, whenever possible, will be made to the Pension Funds towards ensuring that future costs can be met.
61
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **18 United Kingdom Sister Houses**
Transactions of United Kingdom Sister Houses are fully incorporated in the financial statements.
## **19 Taxation**
Due to the charitable status of the Company, they are not subject to Corporation Tax.
## **20 Debtors**
|Salaries Receivable
Legacies Receivable
Income Tax Repayable
Prepayments
Other Debtors
Settlement of Investments Sold|**2021**
£
£
6974
-
-
-
-
-
6974
-
2885
**2022**
2474
-
-
411
-|
|---|---|
## **21 Creditors : Amounts Due Within One Year**
|Accruals
Dowries Reserve
Settlement of Investments Purchased
Other Creditors
Africa Regional Fund
Pension Contributions, Social Security and Other
Taxes|**2021**
£
£
15227
34107
561
-
8121
-
58016
14240
31615
5
561
29746
76167
-
**2022**|
|---|---|
62
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **22 Lease Commitments**
At the year end date the Company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows
|Rental Property|£
**2022**
5000|**2021**
£
5000|
|---|---|---|
## **23 Contingent Liability**
A liability exists for the repayment of legacies inherited by individual Sisters and is contingent on their departure
|The total of such legacies were|£
57479
**2022**|**2021**
£
57479|
|---|---|---|
## **24 Funds Analysis**
|**Restricted Fund**
**Designated Fund**
Mill Hill Pension Fund
Ecuador R'ment Fund
**Unrestricted Funds**
Maintenance Reserve
General Fund|As at 1
As at 31
Jan 2022
Received
Expended
Transfer
Dec 2022
£
£
£
£
£
-
-
-
5384240
(897044)
3766946
88188
-
88312
1300000
-
1280000
106833
716882
79901
-
-
-
716905
(1460719)
(20000)
(23221)
(697029)
-
124|
|---|---|
||6879261
(180162)
5215159
-
(1483940)|
## **Designated Fund**
A pension fund for the maintenance of retired Sisters has been created from donations made by the Mill Hill Society. See notes 15 and 17 for a full report.
63
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022 - Continued**
## **25 Analysis of Net Assets between Funds**
|Fund balances at 31 December 2022
are represented by:
Tangible Fixed Assets
Designated Fund Investments
Investments
Net Current Assets/(Liabilities)|Unrestricted
Designated
Restricted
Total
£
£
£
£
1373060
1373060
-
3766946
280
280
(13439)
74873
-
-
3766946
-
-
-
88312
-|
|---|---|
||1359901
5215159
-
3855258|
## **26 Additional Information**
The Company is a Charitable Company Limited by Guarantee with no Share Capital and registered in England & Wales.
The Registered Number is 07010772
The registered office is located at St Joseph's Convent, 150 Greenleach Lane, Worsley, Manchester, M28 2TS.
The Trustees were not re-imbursed for any expenses. There are no other related party transactions to report.
Contingent liabilities are reported in Note 23. There are no other contingent liabilities to report.
At the General Chapter in June 2023 Sister Anne Moore was elected as the Congregational Leader, Sister Margaret Nyabongoye as the Assistant Congregational Leader, Sister Ann Jentrix Murundu as the Congregational Bursar, Sister Francis Slater as the Secretary General and Sister Brenda Makokha as a Congregational Councillor.
Sister Maureen Murphy, and Sister Joan Kerley’s term of office expired at the Chapter
There are no other post balance sheet events to report.
64
**The Franciscan Missionaries of St. Joseph Unaudited Overseas Accounts for the Year Ending 31 December 2022**
## **Index**
|66A|Accounts for the Ireland Region|
|---|---|
|74A|Accounts for the United States of America Area|
|84A|Accounts for the Africa Region|
|109A|Accounts for the Ecuador Region|
**The Franciscan Missionaries of St. Joseph**
**Income for the Year Ended 31 December 2022**
## **Ireland Region**
**----- Start of picture text -----**
2021
£ £ £
Salaries and Pensions
32874 Salaries 29766
129861 Pensions 133707
- -
Benefits
162735 163473
1340 Voluntary Contributions 4253
Financial Receipts
Bank and Building Society Interest Received
6 and Other Similar Income 6
- -
Investment Income
6 6
337172 Mission Income 480421
Other Income
- Housing Adaption Grant 10204
- Herald Magazine -
83 Sister House Income -
83 10204
501336 Total Income for the Year 658357
**----- End of picture text -----**
66A
|**The Franciscan Missionaries of St. Joseph**
**Expenditure for the Year Ended 31 December 2022**
**Ireland Region**
**Education and Tuition**
**Sister House Expenses**
Upkeep of Buildings
Other Sister House Expenses
**Establishment Expenses**
Office Expenses
Travel
Donations
**Financial Expenses**
Bank Charges
Exchange Adjustments
Investment Management Fees
Interest
Professional Fees
Depreciation
**Mission and Other Houses Overseas**
**Formation**
**Total Expenditure For The Year**
**Surplus/(Deficit) for the Year**
**2021**
£
207
-
687770
(46505)
501336
165051
165234
-
183
79
53382
8391
-
317173
567
3374
2053
754
62060
1|||
|---|---|---|
||£
1
-
459
292
2096
1668
-
176676
92
(39546)
8175|£
-
176676
4223
(30986)
499991
-
649904
8453
658357|
67A
|**The Franciscan Missionaries of St. Joseph**
**Balance Sheet as at 31 December 2022**
**Ireland Region**
**Capital Account**
Capital as at 1st January 2022
Movement in Value of Investments
Profit/(Loss) on Sale of Investments
Surplus/(Deficit) for the Year
**Capital Fund**
**Current Liabilities**
Sundry Creditors
77245
-
(46505)
748463
-
748463
**2021**
£
717723||
|---|---|
||£
748463
(56505)
9131
8453
709542
-
709542|
68A
## **The Franciscan Missionaries of St. Joseph**
## **Balance Sheet as at 31 December 2022**
## **Ireland Region**
|**Fixed Assets**
Freehold Property
Fixtures and Fittings
Motor Cars
**Total Tangible Fixed Assets**
**Investments**
**Total Fixed Assets**
**Current Assets**
Sundry Debtors
Cash at Bank - Deposit Accounts
Cash at Bank - Current Accounts
Cash at Bank - Misean Cara Current Account
Cash in Hand
**Total Assets**
12428
**2021**
3
13270
536772
550042
-
57622
116326
19348
839
£
5125
198421
748463|£
118694
-
60926
342
5259|£
12929
1977
3
14909
509412
524321
185221
709542|
|---|---|---|
69A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
## **Ireland Region**
## **1 Transactions with other Regions**
Income and expenses of the Region which have been transacted through the United Kingdom Central Fund and which are not therefore included in the Regional account were as follows:-
||**2022**|**2021**|
|---|---|---|
||£|£|
|Pensions Received|71381|88456|
|Expenses|57|-|
## **2 Foreign Currencies**
Transactions conducted in Euros are converted into Sterling at the average rate of exchange during the year. Assets and liabilities are converted at rates of exchange ruling at the balance sheet date.
## **3 Tangible Fixed Assets**
|**3**|**Tangible Fixed Assets**|||||
|---|---|---|---|---|---|
|||||Fixtures||
|||Freehold land|Motor|and||
|||and building|Cars|Fittings|Total|
|a)|Cost or Valuation|£|£|£|£|
||At 1 January 2022|14220
|
27766|146993|188979|
||Additions at cost|-
|-|1148|1148|
||Disposals|-|-|-|-|
||Exchange Adjustments|814|1589
|8443|10846|
||At 31 December 2022|15034|29355|156584|200973|
|b)|Depreciation|||||
||At 1 January 2022|1792
|
27763|146154|175709|
||Charge for the Year|205|-
|87|292|
||On Disposals|-
|-|-|-|
||Exchange Adjustments|108
|
1589|8366|10063|
||At 31 December 2022|2105
|29352|154607|186064|
|||||||
70A
## **The Franciscan Missionaries of St. Joseph**
## **Notes to the Accounts for the Year Ended 31 December 2022**
## **Ireland Region**
|||||Fixtures||
|---|---|---|---|---|---|
|||Freehold land|Motor|and||
|||and building|Cars|Fittings|Total|
|c)|Net Book Value|£|£|£|£|
||At 31 December 2022|12929|3|1977|14909|
||At 31 December 2021|12428|3|839|13270|
|||||||
- d) Basis of Valuation
Freehold land and building and motor cars are stated at cost.
- e) Property located in Dublin and Cork totalling £416,116 was paid for by the United Kingdom Central Fund and is accordingly excluded from the Ireland Region Accounts.
- f) A grant of £7,295 towards the cost of the extension located at the Blackrock, Cork and received in 1997, has been treated as income of the United Kingdom Central Fund.
- g) The status of property included in these accounts and property reported in note (e) is reported in Note 14 of the main accounts.
- h) Depreciation
Depreciation is provided in equal amounts each year in order to write off the cost of fixed assets over their useful lives i.e.:
|Buildings and Alterations|2%|
|---|---|
|Fixtures and Fittings|15%|
|Motor Vehicles|25%|
Buildings are in constant use in furtherance of the Order's charitable objectives and are properly maintained to standards that ensure that their residual value is not less than their book value. Notwithstanding this, the Trustees have decided to depreciate buildings and alterations from 1 January 2013 at the rate of 2% per annum and as such this was a change of accounting policy in 2013.
71A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
## **Ireland Region**
## **4 Investments**
Davy Group stockbrokers manage a portfolio of equity and bond funds.
|The Davy Portfolio account for the year is as follows:
Value as at 1 January 2022
Movement in Value this year
Investment Income
Interest
Profit on Sale of Investments
Investment Management Fees
Exchange Adjustment
Balance as at 31 December 2022
Funds are invested as follows:
Quoted Investments
Cash at Bank
Sundry Creditors
Quoted Investments are incorporated
at Market Value i.e.
Cost
Surplus on Valuation
Market Value|£
(1)
£
£
256
-
509668
**2022**
469974
39438
**2022**
509412
509412
509668
-
(8058)
37214
**2022**
537018
(56505)
-|**2021**
£
506036
77245
-
(1)
-
(8275)
(37987)
537018
**2021**
£
536772
266
-
537038
**2021**
£
444538
92234
536772|
|---|---|---|
The Davy portfolio include the following investments which represent more than 5% of the value of the portfolio at the start of the year or/and at the end of the year.
|Davy Funds PLC GPS Moderate Growth B EUR ACC|£
**2022**
509412|**2021**
£
536772|
|---|---|---|
72A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
**Ireland Region**
## **5 Missions**
Expenditure relates to transfers for missions in Kenya and Ecuador and to donations to missions of other congregations and contributions to external mission programmes.
## **6 Misean Cara**
Funds totalling €556,752 (2021 €386,444) were received from Misean Cara Ireland and were banked in a separate Mission bank account together with other private mission donations. The Mission bank transactions are summarised as follows:
|Balance brought forward
Amounts Received from Misean Cara
Other Donations
Bank Refund
Remitted to Ecuador
Remitted to Kenya
Training
Exchange Adjustments
Total Expended
Balance Carried Forward
Total|£
499768
-
**2022**
477160
-
19348
499426
342
499991
(565)
-
499768
3260|**2021**
£
81
336391
780
1
337253
-
317173
-
732
317905
19348
337253|
|---|---|---|
The Congregation is grateful to Misean Cara for these funds which enabled the Sisters to carry out a number of mission projects and to help many people.
73A
**The Franciscan Missionaries of St. Joseph**
## **Income for the Year Ended 31 December 2022 United States of America Area**
|£
**Salaries and Pensions**
Salaries
Pensions including Government Covid supplements
**Voluntary Contributions**
**Financial Receipts**
Bank Interest Received
Investment Income
**Mission Appeals**
**Sister House Income**
**Other Income**
Contribution from Mill Hill Sisters of New York Charitable Trust
**Total Income for the Year**
92771
-
(138340)
-
-
20745
119557
6041
-
-
92771
**2021**
£
-
-
6041
5020|£
5020
-
(138340)
-
-
28149
(105171)|
|---|---|
74A
|**The Franciscan Missionaries of St. Joseph**
**Expenditure for the Year Ended 31 December 2022**
**United States of America Area**
**Education and Tuition**
**Sister House Expenses**
**Establishment Expenses**
Office Expenses
Travel
Donations
**Financial Expenses**
Bank Charges
Exchange Adjustments
Professional Fees
Depreciation
**Missions**
**Contribution to Ecuadorian Retirement Fund**
**Formation**
**Total Expenditure for the Year**
**Surplus/(Deficit) For The Year**
-
-
-
59
**2021**
£
-
27477
-
(5140)
-
-
22337
97220
(8880)
2398
1283
-
119557|||
|---|---|---|
||£
-
-
-
-
(87374)
2255
-|£
-
32508
-
(85119)
-
-
-
(52611)
(52560)
(105171)|
75A
## **The Franciscan Missionaries of St. Joseph**
## **Balance Sheet as at 31 December 2022**
## **United States of America Area**
|**Capital Account**
Capital as at 1 January 2022
Surplus/(Deficit) For The Year
Transfers to Ecuador Region
Remitted to UK Central Fund
**Capital Fund**
**Designated Fund**
Mill Hill Sisters of New York Charitable Trust
**Current Liabilities**
Ecuadorian Retirement Fund
821311
101694
**2021**
£
748096
97220
(24005)
821311
-
923005
-|£
821311
(52560)
(12511)
756240
-
756240
52524
-
808764|
|---|---|
76A
## **The Franciscan Missionaries of St. Joseph**
## **Balance Sheet as at 31 December 2022**
## **United States of America Area**
|**Fixed Assets**
Freehold Property
Fixtures and Fittings
Motor Cars
**Total Tangible Fixed Assets**
**Designated Funds Investments**
Mill Hill Sisters of New York Charitable Trust
**Investments**
Investments
**Current Assets**
Sundry Debtors
Other Cash and Bank Balances
**Total Assets**
£
-
-
3461
3461
-
8
8
101694
817842
**2021**
923005|-
4567|£
-
-
8
8
52524
751665
4567
808764|
|---|---|---|
77A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
## **United States of America Area**
## **1 Transactions with other Regions**
Income and expenses of the Area which have been transacted through the United Kingdom Central Fund and which are not therefore included in the Area account were as follows:
||**2022**|**2021**|
|---|---|---|
||£|£|
|Pensions Received|-|-|
|Expenses|-|-|
## **2 Foreign Currencies**
Transactions conducted in US Dollars are converted into Sterling at the average rate of exchange during the year. Assets and liabilities are converted at rates of exchange ruling at the balance sheet date.
## **3 Tangible Fixed Assets**
|a)
Cost or Valuation
At 1 January 2022
Additions at cost
Disposals
Exchange Adjustments
At 31 December 2022
b)
Depreciation
At 1 January 2022
Charge for the Year
On Disposals
Exchange Adjustments
At 31 December 2022|Total
£
£
£
12237
-
-
1434
13671
12229
-
-
1434
13663
-
1217
217
11589 2074
-
1217
217
11597 2074
10372 1857
-
-
-
Motor
Cars
Fixtures &
Fittings
10380 1857
-
-
-|
|---|---|
78A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
## **United States of America Area**
## **3 Tangible Fixed Assets**
|a)
Cost or Valuation
At 1 January 2022
Additions at cost
Disposals
Exchange Adjustments
At 31 December 2022
b)
Depreciation
At 1 January 2022
Charge for the Year
On Disposals
Exchange Adjustments
At 31 December 2022
c)
Net Book Value
At 31 December 2022
At 31 December 2021
d)
Basis of Valuation|Total
£
£
£
12237
-
-
1434
13671
12229
-
-
1434
13663
8
8
8
-
-
8
Motor
Cars
Fixtures &
Fittings
10380 1857
-
-
-
-
1217
217
11597 2074
10372 1857
-
-
-
-
1217
217
11589 2074|
|---|---|
Motor cars are stated at cost.
The Trustees revalued the fixtures and fittings on 30 November 1998.
## e) Capital Expenditure
Capital Expenditure authorised or contracted for before 31 December 2022 for which no provision has been made in the accounts is £Nil.
79A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
## **United States of America Area**
## **4 Quoted Investments**
Quoted investments are stated at market value and comprise:
|Christian Brothers CRI Magnus 60/40 Alpha Plus Fund
Albany House Investments managed by Wells Fargo|£
751665
430552
321113
**2022**|**2021**
£
460742
357100
817842|
|---|---|---|
The Albany House investments, managed by Wells Fargo, are substantially invested in fixed interest quoted securities and other cash equivalents.
Funds managed by Christian Brothers are invested in a prescribed mix of passively managed equities and fixed interest quoted securities and other cash equivalents.
The movement in quoted investments during the year is summarised as follows:
|Investments as at 1 January 2022
Transfer from Mill Hill Sisters of New York
Missions
Transfer to UK Central Fund
Management Expenses
Investment Surplus/(Deficit)
Exchange Adjustments
Investments as at 31 December 2022|£
(12511)
-
(2255)
(144674)
93263
751665
817842
-
**2022**|**2021**
£
742583
-
(24005)
-
(2456)
92205
9515
817842|
|---|---|---|
Investment income is reinvested.
Investment income comprises dividends and interest received, the surpluses on the sale of investments and the movement arising on the value of unrealised investments.
80A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
**United States of America Area**
## **5 Designated Fund**
The Mill Hill Sisters of New York Charitable Trust was established in 1999. Its purpose is the care of the elderly sisters of the community (that is, the Mill Hill Sisters of New York/Franciscan Missionaries of St. Joseph), and those who regardless of age become disabled or those who for whatever reason become unemployed.
The Trust Agreement provides for the return of all residual monies to the Albany Diocese once all the Sisters have been cared for.
|Fund value as at 1 January 2022
Transfer to UK Central Fund
Transfer to Albany House Investment Funds
Withdrawal
Management Expenses
Bank Charges
Movement in value of funds Surplus/(Deficit)
Exchange Adjustment
Fund value as at 31 December 2022|£
(28149)
(536)
(11675)
7219
52524
**2022**
101694
(15998)
-
(31)|**2021**
£
109500
-
-
(20618)
(724)
-
12248
1288
101694|
|---|---|---|
Income is reinvested. There have been no other additions to the fund in the year. Withdrawals contribute to the maintenance of retired sisters from the United States including those sisters from the United States who now reside in the UK.
The funds are managed by Wells Fargo and are substantially invested in fixed interest quoted securities and other cash equivalents.
81A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
**United States of America Area**
## **6 Ecuador Region**
The Ecuadorian Retirement Fund investments were held in a dedicated account managed by Wells Fargo. In March 2020 the fund was relocated and is now held in the UK Central Fund. All the unvestments were sold and the resulting cash balance was transferred to the UK on 5 March 2020.
## **7 Charitable Status**
The Region was incorporated on the 21 January 1975 as the Mill Hill Sisters of New York pursuant to section 402 of the Not-For-Profit Corporation Law of the United States of America. In October 2007 the Region was reclassified as an Area. Accounts for the United States of America Area will continue to be reported separately in view of the amount of assets still managed in the United States.
82A
## **The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2021**
## **Africa Region**
The accounts for the Africa Region for the year ended 31 December 2021 have been prepared and audited by the Kenyan accountants, Anchinga and Associates Certified Public Accountants and are reproduced on pages 84A - 109A.
83A
## **FRANCISCAN MISSIONARIES OF SAINT JOSEPH REGISTERED TRUSTEES (AFRICA REGION)**
## **ANNUAL REPORT**
## **AND**
## **FINANCIAL STATEMENTS**
**31 DECEMBER 2022**
84A
_**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022**_
## **CONTENTS**
|**CONTENTS**||
|---|---|
||**PAGE**|
|Trust Information|1|
|List of Communities|2|
|Report of the Trustees|3|
|Statement of the Trustees' Responsibilities|4|
|Report of the Independent Auditor|5 - 7|
|Financial Statements:||
|Statement of Income and Expenditure|8|
|Statement of Financial Position|9|
|Statement of Changes in Fund Balances|10|
|Statement of Cash Flows|11|
|Notes|12 - 20|
|**The following pages do not form an integral part of these financial statements:**||
|Schedule of Income and Expenditure|21 - 24|
85A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022**_
## **TRUST INFORMATION**
## **TRUSTEES / REGIONAL TEAM TRUSTEES**
Sr. Margaret Bradbury Regional Bursar Sr. Ann Jentrix Murundu Member Sr. Medrine Musundi Member Sr. Prisca Bonareri Member Sr. Bernadette Nealon Member Sr. Mary Monari Member **REGIONAL TEAM** Sr. Ann Jentrix Murundu Co-Regional Leader Sr. Medrine Musundi Co-Regional Leader Sr. Prisca Bonareri Member Sr. Bernadette Nealon Member Sr. Mary Monari Member **REGISTERED OFFICE** Ingham House P.O. Box 21032-00505 Nairobi **INDEPENDENT AUDITOR** Anchinga and Associates Certified Public Accountants 2nd Floor, Adlife Plaza, Chania Drive P.O. Box 67731 - 00200 Nairobi, Kenya. **BANKERS** NCBA Bank Kenya Plc Nairobi Kenya Commercial Bank Nairobi Ecobank Limited Nairobi African Banking Corporation Nairobi Centenary Bank Kotido, Uganda
1
86A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022**_
## **LIST OF COMMUNITIES**
|1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.|**Community Name**
Regional Office
Ingham House
Rochdale House
Novitiate Program - Ingham House
Holy Family Convent
Our Lady of Divine Providence Convent
St. Joseph's Convent
St. Francis Convent
St. Theresa's Convent
St. Clare Convent
Amani Convent
St. Michael's Convent
Maria Toto Ngina Ke'ekisii
St. Bakhita Convent
**Office**
Development Office|**Location**
Nairobi
Nairobi
Nairobi
Nairobi
Kisumu
Nyamira
Luanda
Salawa
Marigat
Malindi
Witu
Mpeketoni
Uganda
Muhoroni
Nairobi|**Sister-in-Charge**
Sr. Margaret Bradbury
Sr. Bibiana Shilwatso
Sr. Medrine Musundi
Sr. Bibiana Shilwatso
Sr. Bernadette Nealon
Sr. Monica Onyando
Sr. Dorcas Moraa
Sr. Jacqueline Ngoge
Sr. Florence Boyani
Sr. Margaret Obwoge
Sr. Nancy Omete
Sr. Angeline Munyao
Sr. Benter Atieno
Sr. Margaret Tambasi
**Manager**
Zacharia Chiliswo|
|---|---|---|---|
2
87A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region)**_
_**Annual report and financial statements For the year ended 31 December 2022**_
## **REPORT OF THE TRUSTEES**
The Trustees submit their report together with the audited financial statements for the year ended 31 December 2022, which disclose the state of affairs of the organization.
## **PRINCIPAL ACTIVITY**
The principal activity of the organization is to minister to those most in need - the poor, the uneducated, the sick and the dying.
## **RESULTS**
|**RESULTS**|||||
|---|---|---|---|---|
||**Actual**|**Actual**|**Actual**|**Actual**|
||**2022**|**2022**|**2021**|**2021**|
||**KSh**|**£**|**KSh**|**£**|
|**(Deficit) / surplus for the year**|(1,472,907)|(9,921)|283,710|1,865|
## **TRUSTEES / REGIONAL TEAM**
The Trustees who held office during the year and to the date of this report are shown on page 1.
## **INDEPENDENT AUDITORS**
The auditors, Anchinga & Associates, Certified Public Accountants (K) have expressed their willingness to continue in office.
## **BY ORDER OF THE TRUSTEES**
Sr Ann Jentrix Murundu
**Co- Regional Leader**
Sr Margaret Bradbury **Regional Bursar**
Signature………………………..
Signature……………………………
3
88A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022**_
## **STATEMENT OF THE TRUSTEES' RESPONSIBILITY**
The Trustees are required to prepare financial statements which give a true and fair view of the state of affairs of the organization as at the end of the financial year and of the results for that year. The Trustees are also required to ensure that the organization maintains proper accounting records which disclose with reasonable accuracy the financial position of the organization. The Trustees are also responsible for safeguarding the assets of the organization.
The Trustees accepts responsibility for the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error.They also accept responsibility for:
- i) Designing, implementing and maintaining such internal controls as they determine is necessary to enable the presentation of the financial statements;
- ii) Selecting and applying appropriate accounting policies; and
- iii) Making accounting estimates and judgements that are reasonable in the circumstances.
The Trustees are of the opinion that the financial statements give a true and fair view of the financial position of the organization as at 31 December 2022 and of its performance and cash flows for the year then ended in accordance with organization's accounting policies set out on 12 and 13.
In preparing these financial statements, the Trustees have assessed the organization's ability to continue as a going concern.Nothing has come to the attention of the Trustees to indicate that the organization will not remain a going concern for at least the next twelve months from the date of this statement.
So far as the Trustees are aware, there is no relevant audit information which the auditor is unaware of, and the Trustees have taken all the steps that ought to have been taken in order to become aware of any relevant audit information and to establish that the auditor is aware of that information.
Approved by the Trustees on………………………………………2023 and signed on its behalf by;
Sr Ann Jentrix Murundu **Co- Regional Leader**
Sr Margaret Bradbury **Regional Bursar**
Signature………………………..
Signature……………………………..
4
89A
P.O. Box 67731 – 00200 Nairobi Suite 2E3 Office: 0700 16 16 99, 0780 16 16 99 2[nd] Floor, Adlife Plaza Cell: 0722 72 15 50 Ring Road – Kilimani Email: info@pna.co.ke Nairobi, Kenya
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FRANCISCAN MISSIONARIES OF SAINT JOSEPH REGISTERED TRUSTEES (AFRICA REGION)**
## **Opinion**
We have audited the accompanying financial statements of Franciscan Missionaries of St. Joseph, set out on pages 8 to 20 which comprise the statement of income and expenditure, statement of financial position as at 31 December 2022, statement of changes in reserves and statement of cashflows for the year ended, and a summary of significant accounting policies and other explanatory information.
In our opinion, the accompanying financial statements give a true and fair view of the financial position of Franciscan Missionaries of St. Joseph as at 31 December 2022 and of its financial performance and cashflows for the year then ended in accordance with the accounting policies set out on page 12 and 13.
## **Basis of Opinion**
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the organization in accordance with the International Ethics Standards Board for Accountants, Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that are relevant to our audit of the financial statements in Kenya, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Restriction on use**
This report is made available solely to the Franciscan Missionaries of St. Joseph management team and the Trustees.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the management team and the Trustees of Franciscan Missionaries of St. Joseph as a body, for this report, or for the opinions we have formed.
## **Other information**
The management is responsible for other information. The other information comprises the report of theTrustees, statement of Trustees' responsibilities, schedules of Financial position and incomes and expenditure for Communities and Development office but does not include the financial statements and our auditor's report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements , our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
5
90A
P.O. Box 67731 – 00200 Nairobi Suite 2E3 Office: 0700 16 16 99, 0780 16 16 99 2[nd] Floor, Adlife Plaza Cell: 0722 72 15 50 Ring Road – Kilimani Email: info@pna.co.ke Nairobi, Kenya
## **REPORT OF THE INDEPENDENT AUDITORS (CONTINUED) TO THE MEMBERS OF FRANCISCAN MISSIONARIES OF SAINT JOSEPH REGISTERED TRUSTEES (AFRICA REGION)**
## **The Trustees' responsibilities for the financial statements**
The Trustees are responsible for the preparation of financial statements that give a true and fair view in accordance with the accounting policies set out on page 12 and 13 and for such internal control as Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the organization's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the organization or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the organization's financial reporting process.
## **Auditor's responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with International Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the planning and performance of the audit. We also:
i) Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
ii) Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the organisation’s internal control.
iii) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees.
6
91A
P.O. Box 67731 – 00200 Nairobi Suite 2E3 Office: 0700 16 16 99, 0780 16 16 99 2[nd] Floor, Adlife Plaza Cell: 0722 72 15 50 Ring Road – Kilimani Email: info@pna.co.ke Nairobi, Kenya
## **REPORT OF THE INDEPENDENT AUDITORS (CONTINUED) TO THE MEMBERS OF FRANCISCAN MISSIONARIES OF SAINT JOSEPH REGISTERED TRUSTEES (AFRICA REGION)**
## **Auditor's responsibilities for the audit of the financial statements (Continued)**
iv) Conclude on the appropriateness of Trustees' use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the organisation’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained upto the date of our auditor's report. However, future events or conditions may cause the society to cease to continue as a going concern.
v) Evaluate the overall presentation, structure and content of the financial statements, including the disclosures and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **Report on Other matters**
We also report on the following matters;
i.) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit;
ii.) In our opinion, proper books of account have been kept by the organization so far as it appears from the examination of those books;
iii.) The organization's Statement of Financial Position is in agreement with the books of account.
The engagement partner responsible for the audit resulting in this independent auditors’ report is CPA Peter N Anchinga- P/No. 1426.
## **Nairobi - Kenya**
**Date: ............................................2023**
7
92A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region)**_
_**Annual report and financial statements For the year ended 31 December 2022**_
## **STATEMENT OF INCOME AND EXPENDITURE**
|**Note**
**Income**
3
**Expenditure**
Personnel expenses
4 (a)
Physical well being
4 (b)
Mental well being
4 (c)
Spiritual well being
4 (d)
Sustainability expenses
4 (e)
Administration expenses
4 (f)
Governance
4 (g)
Chesire / Lilliane Fonds
4 (h)
Luanda widows
4 (i)
Depreciation
4 (j)
**Total expenditure**
**(Deficit) / surplus for the year**|**Actual**
**2022**
**KSh**
**31,563,135**
4,815,969
11,194,645
1,873,095
2,024,542
422,050
7,253,375
5,407,060
45,306
-
-
**33,036,042**
**(1,472,907)**|**Actual**
**2022**
**£**
**212,593**
32,438
75,402
12,616
13,636
2,843
48,855
36,419
305
-
-
**222,514**
**(9,921)**|**Actual**
**2021**
**KSh**
**33,279,166**
5,009,701
11,728,398
2,942,959
1,922,760
104,812
5,937,830
1,166,359
272,270
83,710
3,826,657
**32,995,456**
**283,710**|**Actual**
**2021**
**£**
**218,864**|
|---|---|---|---|---|
|||||32,947
77,133
19,355
12,645
689
39,051
7,671
1,791
551
25,166|
|||||**216,999**|
|||||**1,865**|
_Notes on pages 12 to 20 form an integral part of these financial statements._
_Report of the independent auditor- page 5-7_
8
93A
_**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022**_
## **STATEMENT OF FINANCIAL POSITION**
|**Note**
**RESERVES**
Accumulated fund
Capital fund
**Non-current liability**
Designated funds
5.
**REPRESENTED BY**
**Non-current assets**
Property and equipment
7.
**Current assets**
Receivables
8.
Cash and cash equivalents
9.
Investment
10.
**Current liabilities**
Payables
11.
**Net current assets**|**2022**
**KSh**
(308,091)
92,545,200
92,237,109
22,658,001
**114,895,110**
92,545,200
62,351
20,490,896
2,524,276
23,077,523
727,613
22,349,910
**114,895,110**|**2022**
**£**
(2,076)
623,338
621,262
152,613
**773,875**
623,338
420
138,016
17,002
155,438
4,901
150,537
**773,875**|**2021**
**KSh**
81,929,011
-
81,929,011
38,890,508
**120,819,519**
80,562,251
239,484
34,741,215
5,795,583
40,776,282
519,014
40,257,268
**120,819,519**|**2021**
**£**
538,816
-|
|---|---|---|---|---|
|||||538,816|
|||||255,768|
|||||**794,584**|
|||||529,827|
|||||1,575
228,480
38,115|
|||||268,170|
|||||3,413|
|||||264,757|
|||||**794,584**|
The financial statements on pages 8 to 20 were approved and authorized for issue by the Trustees
on………………………………………2023 and were signed on its behalf by;
Sr Ann Jentrix Murundu **Co - Regional Leader**
Sr Margaret Bradbury **Regional Bursar**
Signature………………………..
Signature…………………………….
_Notes on pages 12 to 20 form an integral part of these financial statements._
_Report of the independent auditor- page 5-7_
9
94A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022**_
## **STATEMENT OF CHANGES IN FUND BALANCES**
|**Year ended 31 December 2022**
At 1 January 2022
Transfer (from) / to Capital Fund (Cost) - Note 6
Transfer from / (to) Capital Fund (Accumulated depreciation) - Note 6
Transfer from Accumulated Fund
Deficit for the year
Fixed asset additions during the year
Depreciation charge for the year
**At 31 December 2022**
**Year ended 31 December 2021**
At 1 January 2021
Surplus for the year
**At 31 December 2021**|**Accumulated**
**Fund**
**KSh**
81,929,011
(87,357,262)
6,795,011
(201,944)
(1,472,907)
-
-
**(308,091)**
81,645,301
283,710
**81,929,011**|**Capital Fund**
**KSh**
-
87,357,262
(6,795,011)
-
-
15,438,784
(3,455,835)
**92,545,200**
-
-
**-**|**Total**
**KSh**
81,929,011
-
-
(201,944)
(1,472,907)
15,438,784
(3,455,835)|
|---|---|---|---|
||||**92,237,109**|
||||81,645,301
283,710|
||||**81,929,011**|
Transfer from accumulated fund relate to movement of capital funds reported in accumulated funds for the purchase of fixed assets. This is to reconcile the capital fund to property and equipment.
_Notes on pages 12 to 20 form an integral part of these financial statements._
_Report of the independent auditor- page 5-7_
10
95A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region)**_
_**Annual report and financial statements For the year ended 31 December 2022**_
|**STATEMENT OF CASHFLOWS**
**Note**
**Operating activities**
Cash used in operations
12.
Net cash used in operating activities
**Investing activities**
Interest received
3.
Acquisition of fixed assets
7.
Increase in investment in money market fund
10.
Net cash used in investing activities
**Financing activities**
Decrease in designated funds
5.
Increase in capital funds
6.
Net cash used in financing activities
**Decrease in cash and cash equivalents**
**Movement in cash and cash equivalents**
At start of year
Fund balance (Development office)
Retranslation difference
Decrease in cash and cash equivalents
At end year
9.|**2022**
**KSh**
(2,047,189)
(2,047,189)
758,071
(15,438,784)
3,271,306
(11,409,407)
(16,232,507)
15,438,784
(793,723)
(14,250,319)
34,741,215
-
-
(14,250,319)
**20,490,896**|**2022**
**£**
(13,789)
(13,789)
5,106
(103,988)
22,034
(76,848)
(109,334)
103,988
(5,346)
(95,983)
228,485
-
5,514
(95,983)
**138,016**|**2021**
**KSh**
14,690,204
14,690,204
785,783
(19,404,348)
(485,870)
(19,104,434)
(15,063,996)
-
(15,063,996)
(19,478,225)
53,386,848
832,594
-
(19,478,227)
**34,741,215**|**2021**
**£**
96,612|
|---|---|---|---|---|
|||||96,612|
|||||5,168
(127,615)
(3,195)|
|||||(125,643)|
|||||(99,070)
-|
|||||(99,070)|
|||||(128,101)|
|||||359,830
5,476
(8,719)
(128,101)|
|||||**228,485**|
_Notes on pages 12 to 20 form an integral part of these financial statements._
_Report of the independent auditor- page 5-7_
11
96A
_**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022 Notes to The Financial Statements**_
## **1. GENERAL INFORMATION**
Franciscan Missionaries of Saint Joseph Registered Trustees is incorporated in Kenya under the Trustees (Perpetual Succession) Act chapter 164.
## **2. BASIS OF PREPARATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with the accounting policies as set out below. These accounting policies are in accordance with policies and guidelines of Franciscan Missionaries of Saint Joseph.
## **a) Income Recognition**
Donor income is recognized when the monetary value of the donation can be measured with sufficient reliability, there is reasonable assurance of receipt and conditions for receipt, if any, have been met. Donations in kind whose monetary value cannot be quantified are not recognized as income. Income is mainly received from donations, salaries and stipends earned in the communities where Sisters work as nurses or teachers.
The Congregation also receives funds in form of contributions from the projects that are under their management.
## **b) Property and Equipment**
All Property and equipment are initially recognized at cost and thereafter stated at historical cost less accumulated depreciation. Historical cost comprises expenditure initially incurred to bring the asset to its location and condition ready for its intended use.
## Land is not depreciated.
Depreciation on other fixed assets is calculated on a reducing balance method to write down the cost of each asset to its residual value over its estimated useful life using the following annual rates:
|Land
Buildings
Motor vehicles
Furniture and fittings
Equipment
Computers|**Rate %**|
|---|---|
||Nil
5
25
12.5
12.5
30|
The assets' residual value and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting date. Gains and losses on disposal of property and equipment are determined by reference to their carrying amount and depreciation are taken into account through the statement of income and expenditure.
## **c) Translation of foreign currencies**
Transactions in foreign currencies during the year are converted into Kenya Shillings at rates ruling at the transaction dates. Assets and liabilities at the date of this report which are expressed in foreign currencies are translated into Kenya Shillings at rates ruling at that date. The resulting differences from conversion are dealt with in the statement of income and expenditure.
The rates used for translation of transactions and conversion of balances in Pound to Kshs were as follows;
|Average exchange rate|**2022**
**KSh**
148.47|**2021**
**KSh**
152.05|
|---|---|---|
12
97A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022 Notes to The Financial Statements (Continued)**_
## **d) Cash and cash equivalents**
For the purposes of the statement of cash flows, cash and cash equivalents comprise cash in hand and deposits held at call with banks.
## **e) Taxation**
No provision has been made for taxation in view of the nature of the organization.
## **f) Receivables**
Receivables comprise prepayments and other receivables and are recorded at net realisable value. No provisions have been made in these financial statements. However, an assessment is made on the recoverability of receivables to determine provisions and write-offs required.
## **g) Payables**
Payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method.
## **h) Retirement benefit obligations**
The society and its employees contribute to the National Social Security Fund (NSSF), a statutory defined contribution scheme registered under the NSSF Act. The organization's contributions to the defined contribution scheme are charged to the statement of income and expenditure in the year to which they relate.
## **i) Designated funds**
These are funds held for specific purposes and only to be used for that purpose.
## **j) Comparatives**
Where necessary, comparative figures have been adjusted to conform with changes in presentation in the current year.
13
98A
_**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022 Notes to The Financial Statements (Continued)**_
|**3.**
**Income**
**Grants and donations**
FMSJ - UK (Mother House)
Member funding
Misean Cara
ASEC
Catholic Scholarship
Lilliane Fonds / Chesire
Persons of Goodwill
Sisters' salaries
Contribution from FMSJ Projects
Interest income
Investment income
Sustainability income
Garden income
Other income
Donations in kind
**Total income**
**4.**
**Expenditure**
**a.) Personnel**
Staff capacity building
Staff welfare
Salaries and wages
NSSF employer contribution
NITA
Staff insurance
**Total personnel**
**b.) Physical well being**
Food
Household
Garden / farm expenses
Power and fuel
Security
Maintenance
Insurance
Sisters' expenses
Medical expenses
Personal allowance
Medical insurance
Water
Physical well being - Other
**Total Physical well being**
**c.) Mental well being**
Recreation expenses
Books / periodicals / Subscriptions
Holiday
Education
Pre-Novitiate
Novitiate
Junioraite
Ongoing formation
Other
Celebrations / events
Professions
Jubilee
Sisters' celebrations
Others
Funeral expenses
**Total Mental well being**|**2022**
**KSh**
157,563
2,062,993
3,537,630
-
30,000
175,698
48,914
17,288,530
5,145,164
62,835
695,236
-
180,480
1,692,022
486,070
31,563,135
192,960
219,201
4,261,255
117,993
6,000
18,560
4,815,969
3,620,913
805,905
1,191,338
989,568
427,275
421,895
26,462
473,433
1,652,083
1,400,851
154,506
-
30,416
11,194,645
28,856
79,211
245,903
31,800
34,193
381,415
89,594
99,330
70,150
510,726
186,246
115,671
-
1,873,095|**2022**
**£**
1,061
13,895
23,828
-
202
1,183
329
116,447
34,655
423
4,683
-
1,216
11,397
3,274
212,593
1,300
1,476
28,702
795
40
125
32,438
24,389
5,428
8,024
6,665
2,878
2,842
178
3,189
11,128
9,435
1,041
-
205
75,402
194
534
1,656
214
230
2,569
603
669
472
3,440
1,254
779
-
12,616|**2021**
**KSh**
2,031,565
1,549,813
3,831,746
52,878
65,000
322,149
2,695,116
16,542,051
2,512,721
201,061
584,722
710,961
110,340
1,764,668
304,375
33,279,165
229,911
22,418
4,658,454
98,918
-
-
5,009,701
3,208,656
615,605
249,511
991,465
350,854
865,541
135,715
342,686
2,490,258
1,155,200
1,292,955
2,225
27,727
11,728,400
41,332
337,398
284,248
36,250
310,700
146,792
365,655
274,692
398,056
177,140
178,612
99,470
292,614
2,942,959|**2021**
**£**
13,361
10,193
25,200
348
427
2,119
17,725
108,791
16,525
1,322
3,845
4,676
726
11,606
2,002|
|---|---|---|---|---|
|||||218,866|
|||||1,512
147
30,637
651
-
-|
|||||32,947|
|||||21,102
4,049
1,641
6,520
2,307
5,692
893
2,254
16,377
7,597
8,503
15
182|
|||||77,133|
|||||272
2,219
1,869
238
2,043
965
2,405
1,807
2,618
1,165
1,175
654
1,924|
|||||19,354|
14
99A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022 Notes to The Financial Statements (Continued)**_
|**d.) Spiritual well being**
Chapel
Pastoral expenses
Donation
Retreat and recollection
Spiritual direction
Sisters' welfare
Spiritual well being - other
**Total Spiritual well being**
**e.) Sustainability expenses**
Retirement expenses
Vocations promotion
**f.) Administration**
Transport
Motor vehicle running expenses
Motor vehicle insurance
Stationery / postage / printing
Telephone and internet
Professional / consultancy
Government documents
Bank charges
Dues and subscriptions
Other expenses
Office supplies
Withholding tax
Contribution to FMSJ
Foreign exchange loss
Domain registration and maintenance
Repairs and maintenance
**Total Administration**
**g.) Governance**
Audit
Meetings - Stakeholder hospitality
Planning and evaluation
Monitoring and evaluation
Seminars and workshop
Member funding
**Total governance**
**h.) Chesire / Lilliane Fonds**
Administrative expenses
School fees
**i.) Luanda widows**
**j.) Depreciation**
Buildings
Motor vehicles
Furniture, fittings and fixtures
Computers
Equipment
Kitchen equipment
**Total depreciation**
**Total expenditure**|**2022**
**KSh**
45,519
372,120
296,364
1,187,502
59,000
64,037
-
2,024,542
330,480
91,570
422,050
1,757,288
1,252,281
45,090
95,924
708,254
1,167,596
87,084
186,400
133,589
1,111,209
239,015
1,538
-
463,107
-
5,000
7,253,375
711,510
26,440
551,566
1,045,120
1,339,897
1,732,527
5,407,060
45,306
-
45,306
-
-
-
-
-
-
-
-
**33,036,043**|**2022**
**£**
307
2,506
1,996
7,998
397
431
-
13,636
2,226
617
2,843
11,836
8,435
304
646
4,770
7,864
587
1,255
900
7,485
1,610
10
-
3,119
-
34
48,855
4,792
178
3,715
7,039
9,025
11,669
36,419
305
-
305
-
-
-
-
-
-
-
-
**222,514**|**2021**
**KSh**
73,401
361,930
463,656
960,623
5,550
57,197
403
1,922,760
-
104,812
104,812
1,846,381
1,135,222
41,105
100,455
389,514
231,200
59,820
169,264
72,558
389,195
40,265
29,904
1,332,042
63,905
37,000
-
5,937,830
284,200
49,870
618,314
-
213,975
-
1,166,359
-
272,270
272,270
83,710
2,794,789
506,250
84,517
378,959
62,142
-
3,826,657
**32,995,456**|**2021**
**£**
483
2,380
3,049
6,318
37
376
3|
|---|---|---|---|---|
|||||12,646|
|||||-
689|
|||||689|
|||||12,143
7,736
7,736
661
2,562
1,521
393
1,113
477
2,560
265
197
8,760
420
243
-|
|||||46,787|
|||||1,869
328
4,066
-
1,407
-|
|||||7,671|
|||||-
1,791|
|||||1,791|
|||||551|
|||||18,380
3,329
556
2,492
409
-|
|||||25,166|
|||||**224,734**|
15
100A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022 Notes to The Financial Statements (Continued)**_
|**5.**
**Designated funds**
**i.) Convents**
Our Lady of Divine Providence
**Sub-total**
**ii.) FMSJ Projects**
Cardinal Voughan Hope Centre
Marigat Catholic Mission Health Centre
Salawa Catholic Mission Dispensary
St. Francis Rehabilitation Centre
St. Joseph Rehabilitation Centre
St. Vincent De Paul Charity Program
Tuvumiliane HIV and AIDS Support
Development Office
**Sub-total**
**iii.) Individuals**
Fr. Jim O'Connell
John Mary
**Sub-total**
**iv.) Regional Office**
**v.) Non - FMSJ Projects**
Chesire Disabilities
Ebukuya
EMP Feeding Program
EMP Kotido Nursery
EMP Luanda widows
EMP Misean Cara Kisumu / KUAP services
EMP Nyamira School
EMP Amani Nursery
Kotido Project
EMP Amani Catholic Academy
ECD Score
AOSK and CRS
Misean Cara Kisumu / KUAP - Other
St. Clare Nursery School - Kaile
**Sub-total**
This relates to balances of funds received from
donors for a specific purpose.|**2022**
**KSh**
265,610
265,610
382,704
374,705
2,205,083
3,922
564,914
293,100
(291)
(113,939)
3,710,198
1,269,766
92,618
1,362,384
-
(120)
756,947
311,816
76,520
497,286
960
389,382
63,058
7,644
1,353,367
(156)
971
3,658,652
622,355
7,738,682|**2022**
**£**
1,789
1,789
2,578
2,524
14,852
26
3,805
1,974
(2)
(767)
24,990
8,553
624
9,176
-
(1)
5,098
2,100
515
3,349
6
2,623
425
51
9,116
(1)
7
24,643
4,192
52,124|**2021**
**KSh**
366,610
366,610
1,341,895
566,183
3,693,057
276,977
7,410,697
467,338
(100,986)
(113,444)
13,541,717
1,795,594
130,118
1,925,712
2,904,201
(27,592)
13,253
406,829
7,296
684,913
3,149,874
408,291
63,058
1,387,356
1,321,877
(156)
1,733
3,933,940
402,205
11,752,877|**2021**
**£**
2,411|
|---|---|---|---|---|
|||||2,411|
|||||8,825
3,724
24,288
1,822
48,737
3,074
(664)
(746)|
|||||89,060|
|||||11,809
856|
|||||12,665|
|||||19,100|
|||||(181)
87
2,676
48
4,504
20,716
2,685
415
9,124
8,693
(1)
11
25,872
2,645|
|||||77,295|
16 101A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements For the year ended 31 December 2022 Notes to The Financial Statements (Continued)**_
|**2022**
**KSh**
**5.**
**Designated funds (continued)**
**vi.**) Regional Misean Cara Indirect Fund
62,040
**vii.) Sisters**
Sr. Ann Moore
894,851
Sr. Bernadette Nealon
704,833
Sr. Margaret Bradbury
198,643
Sr. Margaret K. Obwogi
-
**Sub-total**
1,798,327
**viii.) FMSJ Restricted Funds**
Development Fund
3,700,062
Retirement Fund
3,822,738
Staff Severance
197,961
Land Project
-
(Transfer to accumulated funds)
-
**Sub-total**
7,720,761
**TOTAL**
**22,658,001**
**6.**
**Capital Fund**
Transfer from Accumulated fund (Cost)
Transfer from Accumulated fund (Accumulated depreciation)
Fixed asset additions during the year
Depreciation charge for the year
As at 31 December|**2022**
**£**
418
6,027
4,747
1,338
-
12,113
24,922
25,748
1,333
-
-
52,003
**152,613**|**2021**
**KSh**
382,990
1,011,654
345,674
31,446
(1)
1,388,773
-
-
-
17,545,941
(10,918,313)
6,627,628
**38,890,508**
87,357,262
(6,795,011)
15,438,784
(3,455,835)
92,545,200|**2021**
**£**
2,519|
|---|---|---|---|
||||6,653
2,273
207
(0)|
||||9,133|
||||-
-
-
115,393
(71,806)|
||||43,587|
||||**255,769**|
||||-
-
-
-|
||||-|
This fund represent the purchase and depreciation of property and equipment.
The transfer from accumulated fund relates to the movement of capital fund balances previously reported under accumulated fund.
This has no effect on the financial statements.
17 102A
|**_Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region)_**
**_Annual report and financial statements_**
**_Notes to The Financial Statements (Continued)_**
**_For the year ended 31 December 2022_**|**7. Property and equipment**
**Year ended 31 December 2022**
**Land**
**Buildings**
**Office**
**equipment**
**Kitchen**
**equipment**
**Motor**
**vehicles**
**Furniture**
**and fittings**
**Computers**
**Total**
**Total**
**KSh**
**KSh**
**KSh**
**KSh**
**KSh**
**KSh**
**KSh**
**KSh**
**£**
**NIL**
**5%**
**12.50%**
**12.50%**
**25%**
**12.50%**
**30%**
**Cost**
At start of year
24,031,668
57,910,290
537,708
-
2,700,000
767,040
1,410,556
87,357,262
574,515
Retranslation difference
-
- -
-
-
-
-
-
13,880
Additions
5,700,000
- -
99,995 9,574,199
25,000
39,590
15,438,784
103,988
At end of year
29,731,668
57,910,290
537,708
99,995 12,274,199
792,040
1,450,146
102,796,046
692,383
**Depreciation**
At start of year
-
4,809,303
102,717
-
1,181,250
175,422
526,319
6,795,011
44,688
Retranslation difference
-
- -
-
-
-
-
-
1,080
Charge for the year
-
2,655,049
54,374
12,499 379,688
77,077
277,148
3,455,835
23,277
At end of year
-
7,464,352
157,091
12,499 1,560,938
252,499
803,467
10,250,846
69,045
**Net book value**
**29,731,668**
**50,445,938**
**380,616**
**87,496 10,713,262**
**539,541**
**646,679**
**92,545,200**
**623,338**|
|---|---|
103A
|**_Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region)_**
**_Annual report and financial statements_**
**_For the year ended 31 December 2022_**
**_Notes to The Financial Statements (Continued)_**|**7.**
**Property and equipment (Continued)**
**Year ended 31 December 2021**
**Land**
**Buildings**
**Equipment**
**Motor**
**vehicles**
**Furniture**
**and fittings**
**Computers**
**Total**
**Total**
**KSh**
**KSh**
**KSh**
**KSh**
**KSh**
**KSh**
**KSh**
**£**
**Cost**
**NIL**
**5%**
**12.50%**
**25%**
**12.50%**
**30%**
At start of year
-
40,290,290
219,800
2,700,000
727,240
491,196
44,428,526
299,470
Prior year adjustment
Note 14 5,799,590
17,620,000
104,798
-
-
-
23,524,388
158,566
Retranslation difference
-
-
-
-
-
-
-
(11,136)
Additions (Note i)
18,232,078
-
213,110
-
39,800
919,360
19,404,348
127,615
At end of year
24,031,668
57,910,290
537,708
2,700,000
767,040
1,410,556
87,357,262
574,515
**Depreciation**
At start of year
-
2,014,514
27,476
675,000
90,905
147,360
2,955,255
19,920
Prior year adjustment
Note 14 -
-
13,100
-
-
-
13,100
88
Retranslation difference
-
-
-
-
-
-
-
(486)
Charge for the year
-
2,794,789
62,141
506,250
84,517
378,959
3,826,656
25,166
At end of year
-
4,809,303
102,717
1,181,250
175,422
526,319
6,795,011
44,688
**Net book value**
**24,031,668**
**53,100,987**
**434,990**
**1,518,750**
**591,618**
**884,237**
**80,562,250**
**529,827**
**Note i**
The addition of land relates to part payment for land purchased in Mau Summit, Molo during the year.
**Note ii**|
|---|---|
104A
## _**Franciscan Missionaries of Saint Joseph Registered Trustees (Africa Region) Annual report and financial statements**_
|**_Annual report and financial statements_**|||||
|---|---|---|---|---|
|**_For the year ended 31 December 2022_**
**_Notes to The Financial Statements(Continued)_**|||||
|**8.**
**Receivables**
Staff debtors
Prepayments
**9.**
**Cash and cash equivalents**
Cash at bank
Cash in hand
Card
M-Pesa
**10. Investment**
Money market fund
This relates to investment in Madison Money Market Fund.
**11. Payables**
Accrued audit fees
PAYE
NHIF
NSSF
Feeding program fund
**12. Cash used in operations**
Reconciliation of (deficit) / surplus to cash generated from operations:
(Deficit) / surplus for the year
**Adjustments for:**
Interest received
Depreciation
Prior year adjustment
Transfer from designated funds
Transfer from accumulated funds
Changes in working capital
Other receivables
Other payables
Cash used in operations
For the purposes of the statement of cash flows, the year-end cash and
cash equivalents comprise the above;|**2022**
**KSh**
1,995
60,356
62,351
20,214,540
256,416
1,793
18,147
20,490,896
2,524,276
609,000
-
-
-
118,613
727,613
(1,472,907)
(758,071)
-
-
-
(201,944)
177,135
208,599
(2,047,189)|**2022**
**£**
13
407
420
136,155
1,727
12
122
138,016
17,002
4,102
-
-
-
799
4,901
(9,921)
(5,106)
-
-
-
(1,360)
-
1,193
1,405
(13,789)|**2021**
**KSh**
194,394
45,090
239,484
34,526,960
152,664
8,648
52,943
34,741,215
5,795,583
284,200
175,554
8,040
15,120
36,100
519,014
283,710
(785,783)
3,826,656
207,408
10,918,313
-
(152,342)
392,242
14,690,204|**2021**
**£**
1,278
297|
|||||1,575|
|||||227,071
1,004
57
348|
|||||228,480|
|||||38,115|
|||||1,869
1,155
53
99
237|
|||||3,413|
|||||1,866
(5,168)
25,166
1,364
71,806
-
(1,002)
2,580|
|||||96,612|
## **13. Country of registration**
Franciscan Missionaries of Saint Joseph is registered in Kenya under the Trustees (Perpetual Succession) Act chapter 164 and is domiciled in Kenya.
## **14. Presentation currency**
These financial statements are presented in Kenya Shilling (KSh) and Pound.
20
105A
|**Total 2021**|**Kshs**|||2,031,565|1,549,813|3,831,746|52,878|65,000|322,149|-|2,695,116|16,542,051|1,764,668|710,961|2,512,721|110,340|584,722|201,061|-|-|**33,279,166**|||4,658,454|22,418|229,911|98,918|-|-|**5,009,701**||3,208,656|249,511|615,605|993,690|350,854|865,541|135,715|342,686|2,490,258|1,155,200|1,292,955|27,727|**11,728,398**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Total 2022**|**Kshs**|||457,563|2,062,993|3,537,630|-|-|-|30,000|175,698|48,914|486,070|16,988,531|1,692,023|-|5,145,164|180,480|695,236|62,835|**31,563,137**|||4,261,255|219,201|192,960|117,993|6,000|18,560|**4,815,969**||3,620,913|1,191,338|805,905|989,568|427,275|421,895|26,462|473,433|1,652,083|1,400,851|154,506|30,416|**11,194,645**|
|
**St.**
**Bakhita**
**Muhoroni**|**Kshs**|||-|-|-|-|-|-|-|-|-|-|558,050|-|-||-|-|-|**558,050**|||200|-|-|-|-|-|**200**||224,402|-|38,017|14,390|-|14,300|-|32,118|-|91,400|-|-|**414,627**|
|**Maria**
**Toto Ngina**
**Ke'ekisii**|**Kshs**|||-|-|-|-|-|-|-|-|3,330|-|495,685|5,728|-|-|-|-|-|**504,743**|||-|-|-|-|-|-|**-**||266,746|5,611|68,441|22,146|-|8,442|-|-|2,781|76,923|-|8,858|**459,948**|
|**Our Lady**
**of Divine**
**Providence**
**Convent**|**Kshs**|||-|-|-|-|-|-|-|-|-|-|685,640|145,292|-|-|-|-|-|**830,932**|||66,142|-|-|-|-|-|**66,142**||193,565|1,860|39,887|71,698|-|103,400|-|13,320|8,400|110,000|-|-|**542,130**|
|**St. Michael**
**Convent**|**Kshs**|||-|-|-|-|-|-|-|-|-|-|1,112,386|-|-|-|-|-|-|**1,112,386**|||96,636|-|-|-|-|-|**96,636**||267,840|8,840|50,132|10,400|-|10,350|-|36,020|39,430|116,000|-|-|**539,012**|
|**Amani**
**Convent**|**Kshs**|||-|-|-|-|-|-|-|-|-|-|841,836|-|-|-|-|-|-|**841,836**|||101,386|-|-|-|-|-|**101,386**||227,159|-|90,568|53,534|-|9,490|-|26,700|10,090|90,500|-|-|**508,041**|
|**St. Clare**
**Convent**|**Kshs**|||-|-|-|-|-|-|-|-|5,870|-|1,113,626|54,898|-|-|-|-|-|**1,174,394**|||198,643|-|-|-|-|-|**198,643**||237,658|27,582|49,162|102,539|-|14,765|-|33,200|65,482|103,000|-|3,351|**636,739**|
|
**St.**
**Theresa**
**Convent**|**Kshs**|||-|-|-|-|-|-|-|-|8,000|-|1,456,321|21,900|-|-|12,500|-|-|**1,498,721**|||96,936|-|-|-|-|-|**96,936**||388,765|22,400|105,759|101,007|121,995|14,030|-|60,250|53,095|163,700|-|-|**1,031,001**|
|**St. Francis**
**Convent**|**Kshs**|||-|-|-|-|-|-|-|125,000|-|-|1,097,161|-|-|-|48,700|-|-|**1,270,861**|||161,368|2,400|-|-|-|-|**163,768**||237,825|1,068,510|46,777|70,400|-|20,000|-|134,202|33,291|92,900|-|-|**1,703,905**|
|
**St. Joseph**
**Convent**|**Kshs**|||-|-|-|-|-|-|-|-|-|-|1,529,603|-|-|-|-|-|-|**1,529,603**|||96,636|-|-|-|-|-|**96,636**||394,878|2,150|65,629|139,134|125,280|48,290|7,000|27,405|13,805|133,600|-|-|**957,171**|
|**Holy Family**
**Convent**|**Kshs**|||-|-|-|-|-|-|-|-|-|-|1,146,144|-|-|-|-|-|-|**1,146,144**|||194,018|-|-|-|-|-|**194,018**||252,278|6,000|35,200|88,727|-|29,102|-|12,500|12,478|101,300|-|-|**537,585**|
|**Rochdale**
**House**|**Kshs**|||-|-|-|-|-|-|-|-|-|-|435,000|-|-|-|-|-|-|**435,000**|||-|-|-|-|-|-|**-**||143,668|21,780|20,652|18,000|-|1,260|-|2,633|360|58,000|-|-|**266,353**|
|**Novitiate**|**Kshs**|||300,000|-|-|-|-|-|-|-|-|-|-|12,200|-|-|-|-|-|**312,200**|||-|-|-|-|-|-|**-**||9,756|1,160|15,494|-|-|460|-|38,948|14,990|-|-|-|**80,808**|
|**Ingham**
**House**|**Kshs**|||-|-|-||-|-|-|-|-|-|2,085,860|43,600|-|-|-|-|-|**2,129,460**|||371,554|-|-|-|-|-|**371,554**||767,748|15,445|179,023|272,741|180,000|800|-|11,200|3,130|210,500|-|18,207|**1,658,794**|
|**Development**
**Office**|**Kshs**|||-|2,062,993|3,537,630|-|-|-|-|50,698|-|486,070|-|18,889|-|-|-|-|-|**6,156,280**|||2,611,999|216,801|192,960|22,680|750|-|**3,045,190**||-|-|-|-|-|-|-|-|-|-|-|-|**-**|
|**Regional**
**Office**|**Kshs**|**Statement of Income and Expenditure**||157,563|-|-|-|-|-|30,000|-|31,714|-|4,431,219|1,389,516|-|5,145,164|119,280|695,236|62,835|**12,062,527**|||265,737|-|-|95,313|5,250|18,560|**384,860**||8,625|10,000|1,164|24,852|-|147,206|19,462|44,937|1,394,751|53,028|154,506|-|**1,858,531**|
||||**Income**|Donations and Grants - FMSJ - UK|Member funding|Misean Cara|Mill Hill Missionaries|Austria MIVA|ASEC|Catholic Scholarship|Lilliane Fonds|Persons of Goodwill|Donations in kind|Sisters' salaries|Other income|Sustainability income|Contribution from Projects|Garden / farm income|Interest on investment|Bank interest|**Total Income**|**Expenditure**|**Personnel**|Salaries and wages|Staff welfare|Staff capacity building|NSSF Employer contribution|NITA|Staff insurance|**Total**|**Physical well being**|Food|Garden / farm expense|Household|Fuel, power and water|Security|Maintenance|Insurance|Sisters' expenses|Medical|Personal allowances|Medical insurance|Physical well being - Other|**Total**|
106A
|**Total 2021**|**Kshs**|||41,332|337,398|284,248|36,250|310,700|146,792|365,655|274,692|398,056|177,140|178,612|99,470|292,614|**2,942,959**||73,401|361,930|463,656|960,623|5,550|57,197|403|**1,922,760**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Total 2022**|**Kshs**|||28,856|79,211|245,903|31,800|34,193|381,415|89,594|99,330|70,150|510,726|186,246|115,671|-|**1,873,095**||45,519|372,120|296,364|1,187,502|59,000|64,037|-|**2,024,542**|
|**St. Bakhita**
**Muhoroni**|**Kshs**|||-|-|8,400|-|-|-|-|-|-|-|28,800|-|-|**37,200**||791|-|-|6,000|-|-|-|**6,791**|
|
**Maria Toto**
**Ngina**
**Ke'ekisii**|**Kshs**|||-|-|5,828|-|-|-|-|-|-|-|4,745|-|-|**10,573**||999|-|25,291|-|-|-|-|**26,290**|
|**Our Lady of**
**Divine**
**Providence**
**Convent**|**Kshs**|||-|-|12,000|-|-|-|-|3,000|-|-|6,545|-|-|**21,545**||4,147|36,000|1,000|-|13,000|600|-|**54,747**|
|**St. Michael**
**Convent**|**Kshs**|||-|5,994|44,000|-|-|7,000|-|15,000|-|-|8,105|-|-|**80,099**||1,700|107,670|3,500|42,500|20,000|-|-|**175,370**|
|**Amani**
**Convent**|**Kshs**|||2,000|-|21,000|-|-|-|-|-|2,000|-|4,200|4,000|-|**33,200**||350|-|1,000|-|-|2,000|-|**3,350**|
|**St. Clare**
**Convent**|**Kshs**|||-|1,500|14,000|-|-|-|-|-|-|6,160|5,231|28,000|-|**54,891**||340|27,500|8,500|6,000|-|-|-|**42,340**|
|**St.**
**Theresa**
**Convent**|**Kshs**|||-|30|34,300|-|-|-|-|-|-|-|-|-|-|**34,330**||11,570|500|17,359|-|-|-|-|**29,429**|
|**St. Francis**
**Convent**|**Kshs**|||-|60|2,000|-|-|-|-|71,400|-|-|-|-|-|**73,460**||8,594|-|123,865|22,400|10,000|45,370|-|**210,229**|
|**St. Joseph**
**Convent**|**Kshs**|||14,751|9,200|15,700|31,500|-|-|-|-|-|-|64,150|-|-|**135,301**||3,615|-|-|74,000|-|1,000|-|**78,615**|
|**Holy**
**Family**
**Convent**|**Kshs**|||-|4,065|11,000|-|-|-|-|1,500|-|-|25,000|5,000|-|**46,565**||4,100|149,410|2,500|-|-|-|-|**156,010**|
|**Rochdale**
**House**|**Kshs**|||-|-|10,000|-|-|-|44,000|-|-|-|16,000|9,633|-|**79,633**||1,374|-|4,000|-|-|-|-|**5,374**|
|**Novitiate**|**Kshs**|||12,105|-|2,000|-|34,193|-|-|6,570|-|-||-|-|**54,868**||5,080|-|5,432|104,500|16,000|-|-|**131,012**|
|**Ingham**
**House**|**Kshs**|||-|-|6,000|-|-|-|-|1,860|100|-|500|63,930|-|**72,390**||2,259|-|10,917|-|-|-|-|**13,176**|
|**Development**
**Office**|**Kshs**|||-|-|-|-|-|-|-|-|-|-|-|-|-|**-**||-|-|-|-|-|-|-|**-**|
|**Regional Office **|**Kshs**|**Statement of Income and Expenditure (Continued)**||-|58,362|59,675|300|-|374,415|45,594|-|68,050|504,566|22,970|5,108|-|**1,139,040**||600|51,040|93,000|932,102|-|15,067|-|**1,091,809**|
||||**Mental well being**|Recreation expenses|Books / periodicals / Subscriptions|Holiday|Education - Pre-Novitiate|Novitiate|Junioriate|Ongoing|Other|Celebrations / events - Professions|Jubilee|Sisters' celebrations|Other|Funeral expenses|**Total**|**Spiritual well being**|Chapel|Pastoral expenses|Donations|Retreat and recollection|Spiritual direction|Sisters' welfare|Spiritual well being - Other|**Total**|
107A
|**Total 2021**|**Kshs**|||104,812|-|**104,812**||1,846,378|1,176,327|100,456|389,514|231,200|59,820|169,264|40,265|72,558|389,196|29,904|1,332,042|37,000|63,905|-|-|**5,937,830**||284,200|49,870|159,009|459,305|213,975|-|**1,166,359**||-|272,270|-|**272,270**|**83,710**||2,794,789|506,250|84,517|378,959|62,142|-|**3,826,657**||**32,995,456**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Total 2022**|**Kshs**|||91,570|330,480|**422,050**||1,757,288|1,252,281|45,090|95,924|708,254|1,167,596|87,084|186,400|239,015|133,589|1,111,209|1,538|-|-|5,000|463,107|**7,253,375**||711,510|26,440|551,566|1,045,120|1,339,897|1,732,527|**5,407,060**||45,306|-|-|**45,306**|**-**||-|-|-|-|-|-|**-**||**33,036,038**|
|**St.**
**Bakhita**
**Muhoroni**|**Kshs**|||10,000|-|**10,000**||9,730|-|-|1,744|52,100|-|-|-|-|3,500|600|-|-|-|-|-|**67,674**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**536,492**|
|**Maria Toto**
**Ngina**
**Ke'ekisii**|**Kshs**|||1,332|-|**1,332**||933|1,332|-|666|-|-|-|-|-|2,930|8,548|-|-|-|-|-|**14,409**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**512,552**|
|**Our Lady of**
**Divine**
**Providence**
**Convent**|**Kshs**|||-|-|**-**||14,020|31,700|-|1,543|69,269|-|-|4,814|-|17,079|500|-|-|-|-|-|**138,925**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**823,489**|
|**St. Michael**
**Convent**|**Kshs**|||-|-|**-**||85,320|4,360|-|-|48,000|1,000|12,400|8,604|-|14,292|-|-|-|-|-|-|**173,976**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**1,065,093**|
|**Amani**
**Convent**|**Kshs**|||-|-|**-**||110,300|-|-|395|75,710|-|-|5,617|-|5,883|-|-|-|-|-|-|**197,905**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**843,882**|
|**St. Clare**
**Convent**|**Kshs**|||-|-|**-**||156,856|-|-|700|51,544|-|2,034|5,027|-|5,791|1,771|-|-|-|-|-|**223,723**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**1,156,336**|
|**St.**
**Theresa**
**Convent**|**Kshs**|||-|-|**-**||160,289|31,273|-|3,460|64,948|-|-|4,515|-|21,215|6,880|-|-|-|-|-|**292,580**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**1,484,276**|
|**St. Francis**
**Convent**|**Kshs**|||-|-|**-**||45,410|51,320|-|1,560|30,500|-|-|3,692|-|5,538|19,500|-|-|-|-|-|**157,520**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**2,308,882**|
|**St. Joseph**
**Convent**|**Kshs**|||-|-|**-**||158,930|-|-|1,680|63,789|-|-|4,644|-|2,361|-|-|-|-|-|-|**231,404**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**1,499,127**|
|**Holy**
**Family**
**Convent**|**Kshs**|||-|-|**-**||33,200|121,153|-|20,375|49,000|-|-|3,941|-|-|-|-|-|-|-|-|**227,669**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**1,161,847**|
|**Rochdale**
**House**|**Kshs**|||-|-|**-**||13,180|38,430|-|-|34,000|-|-|3,707|-|1,500|-|-|-|-|-|-|**90,817**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**442,177**|
|**Novitiate**|**Kshs**|||-|-|**-**||45,439|9,115|-|3,439|13,250|-|-|1,661|-|-|-|-|-|-|-|-|**72,904**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**339,592**|
|**Ingham**
**House**|**Kshs**|||-|-|**-**||41,228|17,350|-|2,555|1,620|-|-|6,199|-|-|-|-|-|-|-|-|**68,952**||-|-|-|-|-|-|**-**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**2,184,866**|
|**Development**
**Office**|**Kshs**|||-|-|**-**||7,740|72,482|-|-|38,350|433,096|-|13,805|239,015|-|343,178|-|-|-|5,000|-|**1,152,666**||102,510|-|14,600|1,033,580|1,337,897|-|**2,488,587**||45,306|-|-|**45,306**|**-**||-|-|-|-|-|-|**-**||**6,731,749**|
|**Regional**
**Office**|**Kshs**|**Statement of Income and Expenditure (Continued)**||80,238|330,480|**410,718**||874,711|873,766|45,090|57,807|116,174|733,500|72,650|120,174|-|53,500|730,232|1,538|-|-|-|463,107|**4,142,249**||609,000|26,440|536,966|11,540|2,000|1,732,527|**2,918,473**||-|-|-|**-**|**-**||-|-|-|-|-|-|**-**||**11,945,681**|
||||**Sustainability expenses**|Vocation promotion|Retirement expenses|**Total**|**Administration**|Transport|Motor vehicle running|Motor vehicle insurance|Stationery / printing / postage|Telephone and internet|Professional / consultancy|Government document|Bank charges|Office supplies|Dues and subscriptions|Other expenses|Withholding tax|Contribution to Regional office|Domain registration and maintenance|Repairs and maintenance|Foreign exchange loss|**Total**|**Governance**|Audit|Meetings - Stakeholders|Planning and evaluation|Monitoring and evaluation|Seminars and workshop|Member funding|**Total**|**Chesire / Lilliane Fonds**|Administrative expenses|Travel expenses|School fees|**Total**|**Luanda Widows**|**Depreciation**|Building|Motor vehicle|Furniture and fittings|Computers|Office equipment|Kitchen equipment|**Total**||**Total Expenditure**|
108A
|**Total 2021**|||||24,031,668|53,100,987|591,618|434,990|-|1,518,750|884,237|**80,562,250**|||194,394|34,526,961|152,663|8,648|52,943|45,090|5,795,583|**40,776,282**||**121,338,532**|||81,929,010||-|38,890,508|||36,100|**-**|175,554|15,120|8,040|284,200|**519,014**||**121,338,532**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Total 2022**|**Kshs**||||29,731,668|50,445,938|539,541|380,618|87,496|10,713,261|646,679|**92,545,201**|||1,995|20,214,541|256,415|1,793|18,147|60,356|2,524,276|**23,077,523**||**115,622,724**|||(308,088)||92,545,201|22,657,998|||118,613|-|0|-|-|609,000|**727,613**||**115,622,724**|
|**St. Bakhita**
**Muhoroni**|**Kshs**||||-|-|-|-|-|-|-|**-**|||-||21,631|-|-|-|-|**21,631**||**21,631**|||21,631||-|-|||-|-|-|-|-|-|**-**||**21,631**|
|
**Maria Toto**
**Ngina**
**Ke'ekisii**|**Kshs**||||-|6,282|-|-|-|-|-|**6,282**|||-|-|204|-|-|-|-|**204**||**6,486**|||204||6,282|-|||-|-|-|-|-|-|**-**||**6,486**|
|**Our Lady of**
**Divine**
**Providence**
**Convent**|**Kshs**||||-|-|-|26,668|-|-|10,467|**37,135**|||-|3,163|4,683|-|-|-|-|**7,846**||**44,981**|||7,846||37,135|-|||-|-|-|-|-|-|**-**||**44,981**|
|**St. Michael**
**Convent**|**Kshs**||||-|-|-|-|-|-|-|**-**|||-|382|47,221|-|-|-|-|**47,603**||**47,603**|||47,603||-||||-|-|-|-|-|-|**-**||**47,603**|
|**Amani**
**Convent**|**Kshs**||||-|-|675|2,713|-|-|-|**3,388**|||-|814|9|-|-|-|-|**823**||**4,211**|||824||3,388|-|||-|-|-|-|-|-|**-**||**4,212**|
|**St. Clare**
**Convent**|**Kshs**||||-|-|-|7,190|-|-|-|**7,190**|||-|2,123|5,384|-|329|-|-|**7,836**||**15,026**|||7,837||7,190|-|||-|-|-|-|-|-|**-**||**15,026**|
|**St. Theresa**
**Convent**|**Kshs**||||-|-|-|-|-|-|-|**-**|||-|1,414|15,018|-|-|-|-|**16,432**||**16,432**|||16,432||-|-|||-|-|-|-|-|-|**-**||**16,432**|
|**St. Francis**
**Convent**|**Kshs**||||-|-|-|-|-|-|-|**-**|||-|996|3,134|-|-|-|-|**4,130**||**4,130**|||4,130||-|-|||-|-|-|-|-|-|**-**||**4,130**|
|
**St. Joseph**
**Convent**|**Kshs**||||-|7,101,606|-|-|-|-|5,660|**7,107,266**|||-|74,297|124,338|-|-|-|-|**198,635**||**7,305,901**|||80,022||7,107,266|-|||118,613|-|-|-|-|-|**118,613**||**7,305,901**|
|**Holy Family**
**Convent**|**Kshs**||||-|-|-|-|-|-|-|**-**|||-|20,657|1,008|-|-|-|-|**21,665**||**21,665**|||21,665||-|-|||-|-|-|-|-|-|**0**||**21,665**|
|**Rochdale**
**House**|**Kshs**||||-|-|-|6,585|-|-|-|**6,585**|||-|9,759|477|-|-|-|-|**10,236**||**16,821**|||10,236||6,585|-|||-|-|-|-|-|-|**-**||**16,821**|
|**Novitiate**|**Kshs**||||-|-|9,111|-|-|-|-|**9,111**|||-|32,327|19,329|-|-|-|-|**51,656**||**60,767**|||51,656||9,111|-|||-|-|-|-|-|-|**-**||**60,767**|
|**Ingham**
**House**|**Kshs**||||-|-|-|-|-|-|-|**-**|||-|1,270|996|-|-|-|-|**2,266**||**2,266**|||2,266||-|-|||-|-|-|-|-|-|**-**||**2,266**|
|**Development**
**Office**|**Kshs**||||-|-|-|70,206|-|-|-|**70,206**|||9,691|339,437|3,979|-|-|-||**353,107**||**423,313**|||353,106||70,206|-|||-|-|0|-|-|-|**0**||**423,313**|
|**Regional Office **|**Kshs**|**Statement of Financial Position**|||29,731,668|43,338,050|529,755|267,256|87,496|10,713,261|630,552|**85,298,038**|||(7,696)|19,727,902|9,004|1,793|17,818|60,356|2,524,276|**22,333,453**||**107,631,491**|||(933,545)||85,298,038|22,657,998|||-|-|-|-|-|609,000|**609,000**||**107,631,490**|
||||**Non - current assets**|**Property and Equipment**|Land|Buildings|Furniture and Fittings|Office equipment|Kitchen equipment|Motor vehicle|Computers|**Total non-current assets**||**Current assets**|Staff debtors|Cash at bank|Cash in hand|Card|M-Pesa|Prepaid insurance|Investment|**Total current assets**||**Total assets**||**Fund Balance and Liabilities**|**Accumulated Fund**||Capital Fund|Designated Funds||**Current Liabilities**|Feeding Program Fund|Net Pay payable|PAYE payable|NSSF payable|NHIF payable|Accrued Audit fee|**Total current liabilities**||**Total Fund and liabilities**|
109A
|**The Franciscan Missionaries of St. Joseph**
**Income for the Year Ended 31 December 2022**
**Ecuador Region**
**Salaries and Pensions**
Salaries
**Voluntary Contributions**
**Financial Receipts**
Bank Interest Received
**Sister House Income**
**Sale Proceeds from Santa Clara House**
**Total Income for the Year**
**2021**
£
2117
18866
3793
-
24776
-||
|---|---|
||£
1728
46624
1367
-
-
49719|
110A
**The Franciscan Missionaries of St. Joseph**
## **Expenditure for the Year Ended 31 December 2022**
|**Ecuador Region**
**Education and Tuition**
**Sister House Expenses**
**Establishment Expenses**
Office Expenses
Travel
Donations
**Financial Expenses**
Bank Charges
Professional Fees
Exchange Adjustments
**Formation**
**Contribution to External Programs**
**Total Expenditure for the Year**
**Surplus/(Deficit) for the Year**
-
42091
280
3028
**2021**
£
(1073)
782
75
-
4210
7518
552
1303
50466
(25690)
24776|||
|---|---|---|
||£
-
1586
(10780)
3251
876
1401|£
-
44942
4837
(8503)
81
-
41357
8362
49719|
111A
|**The Franciscan Missionaries of St. Joseph**
**Balance Sheet as at 31 December 2022**
**Ecuador Region**
**Capital Account**
Capital as at 1 January 2022
Add Transfers from U.S.A.
Less Transfer to Maintenance Reserve
Surplus/(Deficit) for the Year
General Funds
Maintenance Reserve
**Total Funds**
**Represented By**
Cash and Bank Balances
Monies Held in UK
86911
175099
£
88596
-
112601
(25690)
175099
88188
**2021**
88188
86911
24005
112601||
|---|---|
||£
86911
12511
99422
-
99422
8362
107784
88312
196096
107784
88312
196096|
112A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
**Ecuador Region**
## **1 Transactions with other Regions**
Income and expenses of the Region which have been transacted through the United Kingdom Central Fund and which are not therefore included in the Regional account were as follows: -
||**2022**|**2021**|
|---|---|---|
||£|£|
|Pensions Received|5633|5633|
|Voluntary Contributions|32751|51888|
|Expenses|-|-|
Voluntary Contributions include monies raised for external programmes.
## **2 Foreign Currencies**
Transactions conducted in American Dollars are converted into Sterling at the average rate of exchange during the year. Assets and liabilities are converted at rates of exchange ruling at the balance sheet date.
## **3 Tangible Fixed Assets**
The cost of property and other tangible fixed assets purchased by the Region is written off to expenditure in the year in which it is incurred .
This policy is considered appropriate given the political instability of the region.
113A
**The Franciscan Missionaries of St. Joseph**
**Notes to the Accounts for the Year Ended 31 December 2022**
## **Ecuador Region**
## **4 Maintenance Reserve**
The Ecuadorian Retirement Fund investments were held in a dedicated account managed by Wells Fargo in the USA. In March 2020 the fund was relocated and is now held in the UK Central Fund. All the investments were sold and the resulting cash balance was transferred to the UK on 5 March 2020.
|Balance as at 1 January 2022
Movement in value of funds Surplus/Deficit
Add Annual Supplement
Transferred from Ecuador Region
Investment Management Charges
Monies Donated by USA Area
Exchange Adjustment
Balance as at 31 December 2022|£
-
-
-
88312
**2021**
-
88188
124
-|**2020**
£
88188
-
-
-
-
-
-
88188|
|---|---|---|
114A