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2022-08-31-accounts

Reports
Referenceandadministrativedetails 1
Trustees'report 2
Independentauditor'sreport 17
Accounts
Statementoffinancialactivities 21
Balancesheet 22
Statementofcashflows 23
Principalaccountingpolicies 24
Notestotheaccounts 29

Trustees FatherHubertBonnet-Eymard
AymericClementMarie-JosephBrochard
Rev.JohnHannan
Rev.DesmondHanrahan
EtienneRougier
ChristelSpay
BishopAlanStephenWilliams
Rector FatherPascalBoidin
ParishOperationsManager PhilippinedeBeauregard
andTrustSecretary
Principaloffice 5LeicesterPlace
LeicesterSquare
London
WC2H7BX
Charityregistrationnumber 1177995
Auditor BuzzacottLLP
130WoodStreet
London
EC2V6DL
PrincipalBankers HSBCBankplc
28BoroughHighStreet
Southwark
London
SE11Y8
Solicitors StoneKingLLP
13QueenSquare
Bath
BA12HJ
Surveyors BurnetWareandGravesLtd
13HalfMoonLane
London
SE249JU

Unrestricted Restricted
2022
Unrestricted Restricted
2021
funds
funds

Total
funds
funds

Total
Notes
£
£ £ £
£

£
Incomefrom:
Donationsandlegacies 1
225,149
23,742
248,891
258,961
21,067

280,028
Investmentsandinterest
receivable 2 539,606 - 539,606 383,002
-
383,002
Charitableactivities 3 100,174
-
100,174 144,272
14,594

158,866
Totalincome 864,929 23,742
888,671
786,235
35,661

821,896
Expenditureon:
Raisingfunds
.Upkeepandmanagement
ofinvestmentproperties 4 28,844 28,844 26,942 26,942
Charitableactivities
.Administeringtrustand
upkeepofparish 5
604,534

15,998

620,532
508,538
15,658

524,196
.Chaplaincy 6
101,723
7,963
109,686
86,106
10,899

97,005
.Grantsanddonations 7 11,000 11,000 24,144 24,144
Totalexpenditure 746,101
23,961

770,062
645,730
26,557

672,287
Netincomebefore
investment(losses)
gains 118,828 (219)
118,609
140,505
9,104

149,609
Net(losses)gainson
revaluationoflisted
investments 14
(14,588)
(14,588) 47,961 47,961
Net(losses)onrevaluation
ofinvestmentproperties 14 (606,000)

(606,000)
Netincome(expenditure)
beforetransfers 9
104,240
(219)
104,021
(417,534)
9,104

(408,430)
Transfersbetweenfunds 18
Netmovementinfunds 104,240 (219)
104,021
(417,534)
9,104

(408,430)
Reconciliationoffunds:
Balancesbroughtforward
at1September2021 28,175,464
16,589
28,192,053 28,592,998
7,485
28,600,483
Balancescarriedforward
at31August2022 28,279,704
16,370
28,296,074 28,175,464
16,589
28,192,053
2022 2022 2021 2021
Notes £ £ £ £
Fixedassets
Heritageassets 12 4,140,000 4,140,000
Tangibleassets 13 11,465,881 11,452,602
Investments 14 12,282,163 12,296,751
27,888,044 27,889,353
Currentassets
Debtors 15 148,891 67,353
Cashatbankandinhand 159,658 359,526
Shorttermdeposits 337,302 91,211
645,851 518,090
Liabilities
Creditors:amountsfallingdue
withinoneyear 16 (138,480) (131,404)
Netcurrentassets 507,371 386,686
Creditors:amountsfallingdue
aftermorethanoneyear 17 (99,341) (83,986)
Totalnetassets 28,296,074 28,192,053
Thefundsofthecharity:
Fundsandreserves
Restrictedfunds 18 16,370 16,589
Unrestrictedfunds
.Designatedfunds 19 27,649,881 27,636,602
.Generalfunds 629,823 538,862
28,296,074 28,192,053
Approvedbythetrustees
andsignedontheirbehalfby:
j v° /4/1/Itit4
!WU`,2,3
HON/011)

2022 2021
Notes £ £
Cashflowsfromoperatingactivities:
Netcashusedinoperatingactivities A (454,791) (196,393)
Cashflowsfrominvestingactivities:
Investmentincomeandinterestreceived 539,606 383,002
Purchaseoftangiblefixedassets (38,600) (35,960)
Net(investment)divestmentincashdeposits (246,091) 60,978
Netcashprovidedbyinvestingactivities 254,915 408,020
Changeincashandcashequivalentsintheyear (199,876) 211,627
Cashandcashequivalentsat1September2021 B 359,526 148,037
Changeincashandcashequivalentsduetoexchange
ratemovements 8 (138)
Cashandcashequivalentsat31August2022 B 159,658 359,526
Notestothestatementofcashflowsfortheyearto31August2022
A Reconciliationofnetincometonetcashusedinoperatingactivities
2022 2021
£ £
Netincome(expenditure)(asperthestatementoffinancial
activities) 104,021 (408,430)
Adjustmentsfor:
Depreciationcharge 25,321 24,059
Exchangeratemovements (8) 138
Decreaseininvestments 14,588 558,015
Investmentincomeandinterestreceivable (539,606) (383,002)
(Increase)decreaseindebtors (81,538) 15,088
Increase(decrease)increditors 22,431 (2,261)
Netcashusedinoperatingactivities (454,791) (196,393)
B Analysisofcashandcashequivalents
2022 2021
£ £
Cashatbankandinhand 159,658 359,526
Totalcashandcashequivalents 159,658 359,526
C Analysisofchangesinnetdebt
At1 At31
September Cash August
2021 flows 2022
Cashatbankandinhand 359,526 (199,868) 159,658
Total 359,526 (199,868) 159,658

1 Incomefromdonationsandlegacies
Unrestricted Restricted Total Total
funds
Funds
2022 2021
£
£
£ £
Donations
.Churchcollectionsanddonations 216,549
23,742
240,291 280,028
.Otherdonations 8,600 8,600
2022Totalfunds 225,149
23,742
248,891 280,028
Unrestricted Restricted Total
funds Funds 2021
£
£
£
Donations
.Churchcollectionsanddonations 258,961
21,067
280,028
.Otherdonations
2021Totalfunds 258,961
21,067
280,028

Incomefrominvestmentsandinter estreceivable
Unrestricted Restricted Total Total
funds
Funds
2022 2021
£
£
£ £
Rentalincomefromchurchhall 165,000 165,000 101,123
Incomefrominvestmentproperties 364,569 364,569 273,148
529,569 529,569 374,271
Incomefromlistedinvestments
.Commoninvestmentfunds 9,215 9,215 8,669
Interestreceivable
.Bankinterest 822 822 62
2022Totalfunds 539,606 539,606 383,002
Unrestricted Restricted Total
funds Funds 2021
£ £ £
Rentalincomefromchurchhall 101,123 - 101,123
Incomefrominvestmentproperties 273,148 273,148
374,271 374,271
Incomefromlistedinvestments
.Commoninvestmentfunds 8,669 8,669
Interestreceivable
.Bankinterest 62 62
2021Totalfunds 383,002 383,002

Incomefromcharitableactivities
Unrestricted Restricted Total Total
funds
Funds
2022 2021
£
£
£ £
Grantsinrespectofevangelisation
outreachprojects:
.MaristEuropeanProvince 2,794
GrantinrespectofWestEndoutreach
projects:
.AlbertGubayFoundation 2,000
.NationalLottery 9,800
GrantsinrespectofCoronaviruscrisis:
.Retail,hospitalityandleisure 4,000
4,000 29,222
.CoronavirusJobRetentionScheme 44,648
4,000 4,000 88,464
Subscriptions 60,783 60,783 63,078
Retreats 23,119
-
23,119 856
Othermiscellaneousincome 12,272 12,272 6,468
96,174 96,174 70,402
2022Totalfunds 100,174 100,174 158,866
Unrestricted Restricted Total
funds Funds 2021
£
£
£
Grantsinrespectofevangelisationoutreach
projects:
.MaristEuropeanProvince 2,794 2,794
GrantinrespectofWestEndoutreachprojects:
.AlbertGubayFoundation 2,000 2,000
.NationalLottery 9,800 9,800
GrantsinrespectofCoronaviruscrisis:
.Retail,hospitalityandleisure 29,222 29,222
.CoronavirusJobRetentionScheme 44,648 44,648
73,870 14,594 88,464
Subscriptions 63,078 - 63,078
Retreats 856 856
Othermiscellaneousincome 6,468 - 6,468
70,402 - 70,402
2021Totalfunds 144,272 14,594 158,866

Unrestricted Restricted Total Total
funds
funds
2022 2021
£
£
£ £
Investmentpropertyexpenses 9,095
-
9,095 5,191
Otherfees 19,749 19,749 21,751
2022Totalfunds 28,844 28,844 26,942
Unrestricted Restricted Total
funds funds 2021
£ £ £
Investmentpropertyexpenses 5,191 5,191
Otherfees 21,751 21,751
2021Totalfunds 26,942 26,942

Expenditureoncharitableactivi ties:Administeri ngtrustand upkeepofp arish
Unrestricted Restricted Total Total
funds
funds
2022 2021
£
£
£ £
Staffcosts(note10) 283,604
-
283,604 290,519
Supportofclergy 27,836 27,836 35,972
Churchsupplies 20,852
-
20,852 16,277
Premises 93,328
-
93,328 20,567
Legalandprofessionalcosts 2,408
-
2,408 1,073
Governancecosts(note8) 14,580 14,580 12,960
Othercosts 161,926
15,998
177,924 146,828
2022Totalfunds 604,534
15,998
620,532 524,196
Unrestricted Restricted Total
funds funds 2021
£ £ £
Staffcosts(note10) 287,725 2,794 290,519
Supportofclergy 35,972 35,972
Churchsupplies 16,277 16,277
Premises 20,567 20,567
Legalandprofessionalcosts 1,073 1,073
Governancecosts(note8) 12,960 12,960
Othercosts 133,964 12,864 146,828
2021Totalfunds 508,538 15,658 524,196

Expenditureoncharitablea ctivities:Chaplaincy
Unrestricted
Restricted

Total
Total
funds
funds

2022
2021
£
£

£
£
Staffcosts(note10) 33,787
-
33,787 46,430
Supportofclergy 13,200
-
13,200 13,200
Othercosts 54,736
7,963

62,699
37,375
2022Totalfunds 101,723
7,963

109,686
97,005
Unrestricted Restricted Total
funds funds 2021
£ £ £
Staffcosts(note10) 46,430 46,430
Supportofclergy 13,200 13,200
Othercosts 26,476 10,899 37,375
2021Totalfunds 86,106 10,899 97,005
Expe nditureoncharitableactivities: Grantsand donations
Unrestricted Restricted Total Total
funds
funds
2022 20201
£
£
£ £
Notre DameRefugeeCentre(note22)
11,000

-
11,000 24,144
2022 Totalfunds 11,000
-
11,000 24,144
Unrestricted Restricted Total
funds funds 2021
£
£
£
Notre DameRefugeeCentre(note22) 24,144 24,144
2021 Totalfunds 24,144 24,144

Governancecosts
Unrestricted
Restricted
Total Total
funds
funds
2022 2021
£
£
£ £
Legal,professionalandauditcosts 14,580 14,580 12,960
2022Totalfunds 14,580 14,580 12,960
Unrestricted Restricted Total
funds funds 2021
£ £ £
Legal,professionalandauditcosts 12,960 - 12,960
2021Totalfunds 12,960 - 12,960
Netincome
Thisisstatedaftercharging:
2022 2021
£ £
Staffcosts(note10) 317,391 336,949
Auditor'sremuneration,includingVAT
.Auditservices 14,580 12,960
Operatingleaserentals 6,298 8,255

Staffcostsandremunerationofkeymanagementperso nnel
2022 2021
£ £
Staffcostsduringtheyearwereasfollows:
Wagesandsalaries 278,010 298,282
Socialsecuritycosts 22,535 22,546
Pensioncosts 16,846 16,121
317,391 336,949
2022 2021
£ £
Staffcostsperfunctionwereasfollows:
Administeringtrustandupkeepofparish(note5) 283,604 290,519
Chaplaincy(note6) 33,787 46,430
317,391 336,949
Thenumberofemployeesonanaver
function,was:
ageandafulltim eequivale ntbasis,anal ysedby
Number FTE
2022 2021 2022 2021
Administeringtrustandupkeepof
parish 11 12 7 8
Chaplaincy 2 2 1 1
13 14 8 9

Heritageassets
2022 2021
£ £
NotreDamedeFranceRomanCatholicChurch 4,140,000 4,140,000

Tangibleassets
Land Furniture
and and
buildings equipment Total
£ £ £
Cost
At1September2021 11,193,910 408,323 11,602,233
Additions 38,600 38,600
Disposals
At31August2022 11,193,910 446,923 11,640,833
Depreciation
At1September2021 - 149,631 149,631
Chargefortheyear 25,321 25,321
Disposals - - -
At31August2022 - 174,952 174,952
Netbookvalues
At31August2022 11,193,910 271,971 11,465,881
At31August2021 11,193,910 258,692 11,452,602

Investments
2022 2021
£ £
Listedinvestments-UK 287,608 302,196
Investmentproperties 11,994,000 11,994,000
Otherinvestments 555 555
12,282,163 12,296,751
2022 2021
£ £
Listedinvestments
Marketvalueat1September2021 302,196 254,235
Netunrealisedinvestment(losses)gains (14,588) 47,961
Marketvalueat31August2022 287,608 302,196
Costat1September2021and31August2022 155,449 155,449
2022 2022 2021 2021
£ % £ %
COIFIncomeUnits 243,623 85 255,360 85
M&GCharifundUnits 43,985 15 46,836 15
287,608 100 302,196 100
2022
2021
£
£
Investmentproperties
Marketvalueat1September2021 11,994,000 12,600,000
Transferofpropertyfromtangiblefixedassets
Unrealisedlossonrevaluation (606,000)
Marketvalueat31August2022 11,994,000 11,994,000

Debtors
2022 2021
£ £
Rentreceivable 76,666
Otherdebtors 54,186 50,782
Prepaymentsandaccruedincome 18,039 16,571
148,891 67,353
Creditors:amountsfallingduewithinoneyear
2022 2021
£ £
Expensecreditors 35,695 32,371
Socialsecurityandothertaxes 10,800 11,424
Accrualsanddeferredincome 91,985 87,609
138,480 131,404

Reconciliationofdeferredincome
2022 2021
£ £
Deferredincomeat1September2021 12,477 17,472
Incomeaccruedat1September2021 - (6,708)
Cashreceivedintheyear 459,773 375,984
Amountsreleasedtoincome (529,569) (374,271)
Incomeaccruedat31August2022 76,666
Deferredincomeat31August2022 19,347 12,477

Creditors:amountsfallingdueaftermore thanoneyear
2022 2021
£ £
Rentdepositsheld 99,341 83,986
99,341 83,986

Restrictedfunds
Expenditure
At1 gains, At31
September lossesand August
2021 Income
transfers
2022
£ £
£
£
Chaplaincy - 7,963
(7,963)
ChurchandParish 16,589 15,779
(15,998)
16,370
16,589 23,742
(23,961)
16,370
Expenditure
At1 gains, At31
September lossesand August
2020 Income
transfers
2021
£ £
£
£
Chaplaincy - 10,899
(10,899)
ChurchandParish 7,485 24,762
(15,658)
16,589
7,485 35,661
(26,557)
16,589

At1 At31
September Increased/ August
2021 Transfer
released
2022
£ £ £ £
Heritageassetsfund 4,140,000 - 4,140,000
Tangiblefixedassetsfund 11,452,602 - 13,279 11,465,881
Investmentsfund 11,994,000 - - 11,994,000
Churchrepaintingfund 50,000 - - 50,000
27,636,602 - 13,279 27,649,881
At1 At31
September Increased/
August
2020 Transfer
released

2021
£ £
£
£
Heritageassetsfund 4,140,000 - 4,140,000
Tangiblefixedassetsfund 11,440,701 11,901 11,452,602
Investmentsfund 12,600,000 - (606,000) 11,994,000
Churchrepaintingfund 50,000 50,000
28,230,701 (594,099) 27,636,602

Unrestrictedfunds Unrestrictedfunds
General Designated Restricted Total
Total
Fund Funds funds 2022
2021
£ £ £ £
£
Fundbalancesat
31August2022
arerepresentedby:
Heritageassets - 4,140,000 - 4,140,000 4,140,000
Tangiblefixedassets - 11,465,881 - 11,465,881 11,452,602
Investments 288,163 11,994,000 - 12,282,163 12,296,751
Currentassets 579,481 50,000 16,370 645,851
518,090
Creditors:amountsfalling
duewithinoneyear (138,480) - - (138,480)
(131,404)
Creditors:amountsfalling
aftermorethanoneyear (99,341) - (99,341)
(83,986)
Totalnetassets 629,823 27,649,881 16,370 28,296,074 28,192,053

Unrestrictedfunds Unrestrictedfunds
General Designated Restricted Total
Total
Fund
Funds
funds 2021
2020
£ £ £
£
£
Fundbalancesat
31August2021
arerepresentedby:
Heritageassets - 4,140,000 - 4,140,000 4,140,000
Tangiblefixedassets - 11,452,602 - 11,452,602 11,440,701
Investments 302,751 11,994,000 - 12,296,751 12,854,766
Currentassets 451,501
50,000
16,589 518,090
382,667
Creditors:amountsfalling
duewithinoneyear (131,404) - - (131,404) (72,677)
Creditors:amountsfalling
aftermorethanoneyear (83,986) - (83,986) (144,974)
Totalnetassets 538,862 27,636,602 16,589 28,192,053 28,600,483
2022 2021
£ £
Totalunrealisedgainsat31August2022 132,159 146,747
Reconciliationofmovementsinunrealisedgains:
Totalunrealisedgainsat1September2021 146,747 98,786
Add:net(losses)gainsarisingonrevaluationsintheyear (14,588) 47,961
Totalunrealisedgainsat31August2022 132,159 146,747

operatingleasesdueasfollows:
2022 2021
Officeequipment £ £
Withinoneyear 5,520 5,520
Withintwotofiveyears 12,402 17,922
17,922 23,442