|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)| ##