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2023-12-31-accounts
| Reports |
|
| Referenceandadministrativedetails |
|
| ofthecharity,itstrusteesandadvisers |
1 |
| Trustees'report |
2 |
| Independentauditor'sreport |
11 |
| Accounts |
|
| Statementoffinancialactivities |
15 |
| Balancesheet |
16 |
| Statementofcashflows |
17 |
| Principalaccountingpolicies |
18 |
| Notestotheaccounts |
23 |
| Trustees |
SisterAnneBayleyODN(resigned8February2024) |
|
SisterMariaNievesEscaladaGallegoODN |
|
SisterAnneGillODN |
|
SisterPatriciaGradyODN |
|
SisterMariaRitaCalvoSanzODN |
| TerritorialDelegate |
SisterPatriciaGradyODN |
| Principaladdress |
Lestonnac |
|
27-29BetweenStreets |
|
Cobham |
|
Surrey |
|
KT111AA |
| Charityregistrationnumber |
1173559 |
| Auditor |
BuzzacottLLP |
|
130WoodStreet |
|
London |
|
EC2V6DL |
| Principalbankers |
BarclaysUKplc |
|
8-12ChurchStreet |
|
WaltononThames |
|
Surrey |
|
KT122QX |
| Solicitors |
StoneKingLLP |
|
UpperBoroughCourt |
|
UpperBoroughWalls |
|
Bath |
|
BA11RG |
| Investmentmanagers |
RathboneInvestmentManagementLimited |
|
8FinsburyCircus |
|
London |
|
EC2M7AZ |
11 October 2024
|
|
2023 |
2022 |
|
Notes |
|
|
| Incomefrom: |
|
|
|
| Donationsandlegacies |
1 |
130,159 |
125,807 |
| Investmentsandinterestreceivable |
2 |
226,688 |
188,988 |
| Otherincome |
|
|
|
| .Surplusondisposaloftangiblefixedassets |
9 |
616,738 |
570 |
| Totalincome |
|
973,585 |
315,365 |
| Expenditureon: |
|
|
|
| Costofraisingfunds-Investmentmanager'sfees |
|
15,423 |
8,079 |
| Charitableactivities |
3 |
130,900 |
161,462 |
| .Programmerelatedinvestments |
4 |
21,291 |
1,800 |
| .Grantsanddonations |
5 |
25,357 |
16,858 |
| Totalexpenditure |
|
192,971 |
188,199 |
| Netincomebeforenetinvestmentgains(losses) |
7 |
780,614 |
127,166 |
| Netgains(losses)oninvestmentassets |
|
71,364 |
(85,319) |
| Netmovementinfunds |
|
851,978 |
41,847 |
| Reconciliationoffunds: |
|
|
|
| Fundsbroughtforwardat1January2023 |
|
3,891,050 |
3,849,203 |
| Fundscarriedforwardat31December2023 |
|
4,743,028 |
3,891,050 |
Patricia Grady
|
|
2023 |
2022 |
|
Notes |
£ |
£ |
| Cashflowsfromoperatingactivities: |
|
|
|
| Netcashusedinoperatingactivities |
|
(43,035) |
(58,915) |
|
A |
|
|
| Cashflowsfrominvestingactivities: |
|
|
|
| Investment incomeandinterestreceived |
|
226,403 |
188,535 |
| Purchaseofinvestments |
|
(981,784) |
(116,792) |
| Proceedsfromthedisposaloflistedinvestments |
|
85,906 |
36,454 |
| Purchaseoftangiblefixedassets |
|
(14,260) |
(2,574) |
| Proceedsfromthedisposaloftangiblefixedassets |
|
875,250 |
570 |
| Netcashprovidedbyinvestingactivities |
|
191,515 |
106,193 |
| Changeincashandcashequivalentsintheyear |
|
148,480 |
47,278 |
|
B |
|
|
| Cashandcashequivalentsat1January2023 |
|
1,015,116 |
967,838 |
| Cashandcashequivalentsat31December2023 |
B |
1,163,596 |
1,015,116 |
|
2023 |
2022 |
|
£ |
£ |
| Netmovementinfunds(asperthestatementoffinancialactivities) |
851,978 |
41,847 |
| Adjustmentsfor: |
|
|
| Depreciationcharge |
6,956 |
3,795 |
| (Gains)lossesonlistedinvestments |
(71,364) |
85,319 |
| Investmentincomeandinterestreceivable |
(226,688) |
(188,988) |
| Decrease(increase)indebtors |
8,752 |
(9,184) |
| Increaseincreditors |
4,069 |
8,866 |
| Surplusondisposaloftangiblefixedassets |
(616,738) |
(570) |
| Netcashusedinoperatingactivities |
(43,035) |
(58,915) |
|
At1 |
|
At31 |
|
December |
|
December |
|
2022 |
Cashflows |
2023 |
|
£ |
£ |
£ |
| Totalcashandcashequivalents: |
|
|
|
| Cashatbankandinhand |
900,894 |
151,562 |
1,052,456 |
| Cashheldbyinvestmentmanagers |
114,222 |
(3,082) |
111,140 |
| Totalcashandcashequivalents |
1,015,116 |
148,480 |
1,163,596 |
| Incomefrom:donations |
|
|
|
2023 |
2022 |
|
£ |
£ |
| SalariesandpensionsofindividualreligiousreceivedunderGiftAid |
|
|
| compliantdeedsofcovenant |
126,934 |
121,953 |
| Generaldonations |
3,225 |
3,854 |
|
130,159 |
125,807 |
| Incomefrom:Investmentsandinterestreceivable |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Bankinterest |
372 |
25 |
| Dividendsandinterestfromlistedinvestments |
44,797 |
20,811 |
| Incomefromprogrammerelatedinvestments |
|
|
| .Rentalincome |
181,519 |
168,152 |
|
226,688 |
188,988 |
| Expenditureon:supportofmembersoftheOrder andtheir |
ministry |
|
|
2023 |
2022 |
|
£ |
£ |
| Premises |
20,675 |
29,280 |
| Sisters'livingandpersonalexpenses |
32,193 |
32,485 |
| Nursingcareandmedicalcosts |
42,885 |
66,116 |
| Funeralcosts |
5,838 |
5,443 |
| Formationandspiritualrenovation |
1,476 |
2,322 |
| Depreciation |
6,956 |
3,795 |
| Supportcosts |
|
|
| .Governancecosts—legalandprofessionalfees |
15,411 |
14,220 |
| .Othercosts |
5,466 |
7,801 |
|
130,900 |
161,462 |
| Expenditureon:Programmerelatedinvestments |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Legalandprofessionalfees |
21,291 |
3,300 |
| Expenditureon:Charitabledonations |
|
|
| Donationsduringtheyearcomprised: |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Donationstoinstitutions: |
23,620 |
13,600 |
| GeneralateoftheOrderoftheCompanyofMaryOurLady |
650 |
2,400 |
| .AnnualcontributiontosupporttheGeneralate |
|
|
| SalesiansofDonBosco(Ukrainecrisis) |
|
|
| Donationstoindividuals: |
|
|
| Stipendsandothergifts |
1,087 |
858 |
|
25,357 |
16,858 |
| 5 |
Expenditureon:Charitabledonations
Donationsduringtheyearcomprised: |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Auditor'sremuneration |
|
|
| .Statutoryauditservices: |
|
|
| ..Currentyear |
9,750 |
9,360 |
| ..Previousyear |
|
360 |
| Depreciation |
6,956 |
3,795 |
| Tangiblefixedassets |
|
|
|
|
|
Freehold |
|
|
|
|
landand |
Fixtures |
Motor |
|
|
buildings |
andfittings |
vehicles |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At1January2023 |
722,999 |
35,448 |
28,456 |
786,903 |
| Additions |
|
1,020 |
13,240 |
14,260 |
| Disposals |
(258,512) |
- |
(8,575) |
(267,087) |
| At31December2023 |
464,487 |
36,468 |
33,121 |
534,076 |
| Depreciation |
|
|
|
|
| At1January2023 |
- |
11,771 |
28,453 |
40,224 |
| Disposals |
|
|
(8,575) |
(8,575) |
| Chargefortheyear |
|
3,646 |
3,310 |
6,956 |
| At31December2023 |
|
15,417 |
23,188 |
38,605 |
| Netbookvalues |
|
|
|
|
| At31December2023 |
464,487 |
21,051 |
9,933 |
495,471 |
| At31December2022 |
722,999 |
23,677 |
3 |
746,679 |
| counts31December2023 |
|
|
| Listedinvestments |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Listedinvestments |
|
|
| Fair(market)valueat1January2023 |
847,393 |
852,374 |
| Additionsatcost |
981,784 |
116,792 |
| Disposalsatbookvalue |
(88,714) |
(45,756) |
| Netunrealisedgains(losses) |
74,171 |
(76,017) |
| Fair(market)valueat31December2023 |
1,814,634 |
847,393 |
| Cashheldbyinvestmentmanagers |
111,140 |
114,222 |
|
1,925,774 |
961,615 |
| Costoflistedinvestmentsat31December2023 |
1,769,751 |
892,995 |
|
2023 |
2022 |
|
£ |
£ |
| Proceeds |
85,906 |
36,454 |
| Netrealisedlosses |
2,808 |
9,302 |
| Disposalsatbookvalue |
88,714 |
45,756 |
|
2023 |
2022 |
|
£ |
£ |
| UKfixedinterest |
509,550 |
98,492 |
| UKequities |
354,603 |
339,165 |
| Overseasfixedinterest |
52,663 |
28,021 |
| Overseasequities |
897,818 |
381,715 |
|
1,814,634 |
847,393 |
| Debtors |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Investmentincomereceivable |
1,042 |
756 |
| Prepaymentsandaccruedincome |
432 |
9,184 |
|
1,474 |
9,940 |
| Creditors:amountsfallingduewithinoneyear |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Expensescreditor |
|
9,360 |
| Accruals |
30,437 |
17,508 |
| DonationspayabletotheGeneralateoftheOrderoftheCompanyof |
|
|
| MaryOurLady |
15,000 |
14,500 |
|
45,437 |
41,368 |
| Tangiblefixedassetsfund |
|
|
|
2023 |
2022 |
|
£ |
£ |
| At1January2023 |
746,679 |
747,900 |
| Netmovementinyear |
(251,208) |
(1,221) |
| At31December2023 |
495,471 |
746,679 |
|
2023 |
2022 |
| Retirementfund |
£ |
£ |
| At1January2023 |
1,400,000 |
1,300,000 |
| Designatedintheyear |
100,000 |
100,000 |
| At31December2023 |
1,500,000 |
1,400,000 |
|
|
Tangible |
Programme |
|
|
|
|
fixed |
related |
Sisters' |
|
|
General |
assets |
investment |
retirement |
Total |
|
fund |
fund |
fund |
fund |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Fundbalancesat |
|
|
|
|
|
| 31December2023are |
|
|
|
|
|
| representedby: |
|
|
|
|
|
| Tangiblefixedassets |
— |
495,471 |
- |
- |
495,471 |
| ListedInvestments |
425,774 |
|
- |
1,500,000 |
1,925,774 |
| Programmerelated |
|
|
|
|
|
| investment |
|
|
1,313,290 |
|
1,313,290 |
| Netcurrentassets |
1,008,493 |
|
|
|
1,008,493 |
|
1,434,267 |
495,471 |
1,313,290 |
1,500,000 |
4,743,028 |
|
|
Tangible |
Programme |
|
|
|
|
fixed |
related |
Sisters' |
|
|
General |
assets |
investment |
retirement |
Total |
|
fund |
fund |
fund |
fund |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Fundbalancesat |
|
|
|
|
|
| 31December2022are |
|
|
|
|
|
| representedby: |
|
|
|
|
|
| Tangiblefixedassets |
|
746,679 |
|
— |
746,679 |
| Listedinvestment |
— |
— |
— |
961,615 |
961,615 |
| Programmerelated |
|
|
|
|
|
| investment |
- |
- |
1,313,290 |
|
1,313,290 |
| Netcurrentassets |
431,081 |
|
|
438,385 |
869,466 |
|
431,081 |
746,679 |
1,313,290 |
1,400,000 |
3,891,050 |
|
2023 |
2022 |
|
£ |
£ |
| Totalunrealisedgains/(losses): |
|
|
| Oninvestments |
44,883 |
(45,602) |
| Reconciliationofmovementsinunrealisedgains |
|
|
| Unrealisedgainsat1January2023 |
(45,602) |
32,168 |
| Inrespecttodisposalsinyear |
16,314 |
(1,753) |
| Netgains(losses)arisingonrevaluationintheyear |
74,171 |
(76,017) |
| Unrealisedgainsat31December2023 |
44,883 |
(45,602) |