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2024-08-31-accounts

Reports
Referenceandadministrativedetails 1
Trustees'report 2
Independentauditor'sreport 15
Accounts
Statementoffinancialactivities 19
Balancesheet 20
Statementofcashflows 21
Principalaccountingpolicies 22
Notestotheaccounts 28

Trustees FatherHubertBonnet-Eymard
EmericClementMarie-JosephBrochard
FatherJohnHannan(resigned1February2024)
FatherDesmondHanrahan
ChristelSpay(resigned21June2024)
BishopAlanStephenWilliams
ElodieBrian(appointed29September2023)
PhilippeLespinard(appointed1December2023)
Rector FatherPascalBoidin
ParishOperationsManagerandTrustSecretary PhilippinedeBeauregard(resigned29September2023)
Anne-LiseGaillacDieu(appointed29September2023)
Principaloffice 5LeicesterPlace
LeicesterSquare
London
WC2H7BX
Charityregistrationnumber 1177995
Auditor BuzzacottLLP
130WoodStreet
London
EC2V6DL
PrincipalBankers HSBCBankplc
28BoroughHighStreet
Southwark
London
SE11YB
Solicitors StoneKingLLP
13QueenSquare
Bath
BA12HJ
Surveyors BurnetWareandGravesLtd
13HalfMoonLane
London
SE249JU

Trustee Appointed/Resigned
FatherHubertBonnet-Eymard
EmericClementMarie-JosephBrochard
FatherJohnHannan Resigned1February2024
FatherDesmondHanrahan
ChristelSpay Resigned21June2024
BishopAlanStephenWilliams
ElodieBrian Appointed29September2023
PhilippeLespinard Appointed1December2023

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Unrestricted Restricted 2024 Unrestricted Restricted 2023
funds funds Total funds funds Total
Notes £
£ £ £
£
£
Incomefrom:
Donationsandlegacies 1 529,510
67,194 596,704 313,637 24,630 338,267
Investmentsandinterest
receivable 2 618,804
- 618,804 556,644 - 556,644
Charitableactivities 3 107,828
1,681 109,509 101,190
3,055
104,245
Totalincome 1,256,142 68,875 1,325,017 971,471
27,685
999,156
Expenditureon:
Raisingfunds
.Upkeepandmanagement
ofinvestmentproperties 4 108,113
108,113 57,719 57,719
Charitableactivities
.Administeringtrustand
upkeepofparish 5 830,292
41,858 872,150 702,979
16,015
718,994
.Chaplaincy 6 144,893
7,781
152,674
137,090
7,641
144,731
.Grantsanddonations 7 11,000
- 11,000 11,000 11,000
Totalexpenditure 1,094,298 49,639 1,143,937 908,788
23,656
932,444
Netincomebeforeinvestment
gains(losses) 161,844
19,236
181,080 62,683
4,029
66,712
Netgains(losses)on
revaluationoflisted
investments 14 23,713
23,713 (7,019)
-
(7,019)
Netgainsonrevaluationof
investmentproperties 14 183,000
183,000
Netincomeandnet
movementinfunds 9 368,557

19,236

387,793

55,664

4,029
59,693
Reconciliationoffunds:
Balancesbroughtforward
at1September2023 28,335,368
20,399
28,355,767 28,279,704
16,370
28,296,074
Balancescarriedforward
at31August2024 28,703,925
39,635
28,743,560 28,335,368
20,399
28,355,767
2024 2024 2023 2023
Notes £ £ £ £
Fixedassets
Heritageassets 12 4,140,000 4,140,000
Tangiblefixedassets 13 11,500,903 11,513,859
Investments 14 12,481,302 12,275,162
28,122,205 27,929,021
Currentassets
Debtors 15 131,273 115,294
Shorttermdeposits 184,592 140,022
Cashatbankandinhand 601,910 409,316
917,775 664,632
Currentliabilities
Creditors:amountsfallingdue
withinoneyear 16 (142,641) (128,101)
Netcurrentassets 775,134 536,531
Totalassetslesscurrent
liabilities 28,897,339 28,465,552
Long-termliabilities
Creditors:amountsfallingdue
aftermorethanoneyear 17 (153,779) (109,785)
Totalnetassets 28,743,560 28,355,767
Thefundsofthecharity:
Fundsandreserves
Restrictedfunds 18 39,635 20,399
Unrestrictedfunds
.Designatedfunds 19 28,067,903 27,697,859
.Generalfunds 636,022 637,509
28,743,560 28,355,767

of cashflows31August2024
2024 2023
Notes £ £
Cashflowsfromoperatingactivities:
Netcashusedinoperatingactivities A (366,307) (428,232)
Cashflowsfrominvestingactivities:
Investmentincomeandinterestreceived 618,804 556,644
Cashreceivedonsaleofinvestment 573
Cashpaidtoacquiretangiblefixedassets (16,799) (76,003)
Cashreceivedonthedisposaloftangiblefixedassets 944
Netinvestmentincashdeposits (44,570) (10,675)
Netcashprovidedbyinvestingactivities 558,952 469,966
Changeincashandcashequivalentsintheyear 192,645 41,734
Cashandcashequivalentsat1September2023 B 409,316 367,613
Changeincashandcashequivalentsduetoexchange
ratemovements (51) (31)
Cashandcashequivalentsat31August2024 B 601,910 409,316
Notestothestatementofcashflowsfortheyearto 31 August 2024
A Reconciliationofnetincometonetcashusedinoperatingactivities
2024 2023
£ £
Netincomeasperthestatementoffinancialactivities 387,793 59,693
Adjustmentsfor:
Depreciationcharge 28,787 28,025
Lossondisposaloftangiblefixedassets 24
Exchangeratemovements 51 31
Netgainsontherevaluationofinvestments (206,713) 7,001
Investmentincomeandinterestreceivable (618,804) (556,644)
(Increase)decreaseindebtors (15,979) 33,597
Increaseincreditors 58,534 65
Netcashusedinoperatingactivities (366,307) (428,232)
B Analysisofcashandcashequivalents
2024 2023
£ £
Cashatbankandinhand 601,910 409,316
Totalcashandcashequivalents 601,910 409,316
C Analysisofchangesinnetdebt
At1 At31
September Cash August
2023 flows 2024
Cashatbankandinhand 409,316 192,594 601,910
Total 409,316 192,594 601,910

Incomefromdonationsandlegaci es
Unrestricted Restricted Total Total
funds Funds 2024 2023
£ £ £ £
Donations
.Churchcollectionsanddonations 248,086 67,194 315,280 329,792
.Legacies 259,730 259,730
.Otherdonations 21,694 21,694 8,475
2024Totalfunds 529,510
67,194
596,704 338,267
Unrestricted Restricted Total
funds Funds 2023
£
£
£
Donations
.Churchcollectionsanddonations 305,162
24,630
329,792
.Legacies
Otherdonations 8,475 8,475
2023Totalfunds 313,637
24,630
338,267

Incomefrominvestmentsandinter estreceivable
Unrestricted Restricted Total Total
funds Funds 2024 2023
£ £ £ £
Rentalincomefromchurchhall 217,602 - 217,602 165,000
Incomefrominvestmentproperties 373,186 373,186 372,028
590,788 590,788 537,028
Incomefromlistedinvestments
.Commoninvestmentfunds 9,545 9,545 9,432
Interestreceivable
.Bankinterest 18,471 18,471 10,184
2024Totalfunds 618,804 618,804 556,644
Unrestricted Restricted Total
funds Funds 2023
£
£
£
Rentalincomefromchurchhall 165,000 165,000
Incomefrominvestmentproperties 372,028 372,028
537,028 537,028
Incomefromlistedinvestments
.Commoninvestmentfunds 9,432 9,432
Interestreceivable
.Bankinterest 10,184 10,184
2023Totalfunds 556,644 556,644

Incomefromcharitableactivities
Unrestricted Restricted Total Total
funds Funds 2024 2023
£ £ £ £
GrantinrespectofWestEndoutreach
projects:
.MazarsCharitableTrust 1,000 1,000 1,000
1,000 1,000 1,000
Subscriptions 59,547 - 59,547 55,129
Retreats 27,383
-
27,383 28,845
Othermiscellaneousincome 20,898
681
21,579 19,271
107,828
681
108,509 103,245
2024Totalfunds 107,828
1,681
109,509 104,245
Unrestricted Restricted Total
funds Funds 2023
£
£
£
GrantinrespectofWestEndoutreach projects:
.MazarsCharitableTrust 1,000 1,000
1,000 1,000
Subscriptions 55,129
-
55,129
Retreats 28,845
-
28,845
Othermiscellaneousincome 17,216
2,055
19,271
101,190
2,055
103,245
2023Totalfunds 101,190
3,055
104,245

Raisingfunds:Upkeepandman agementofinves tmentprope rties
Unrestricted Restricted Total Total
funds funds 2024 2023
£ £ £ £
Investmentpropertyexpenses 71,611 71,611 41,010
Otherfees 36,502 36,502 16,709
2024Totalfunds 108,113 108,113 57,719
Unrestricted Restricted Total
funds funds 2023
£ £ £
Investmentpropertyexpenses 41,010 - 41,010
Otherfees 16,709 - 16,709
2023Totalfunds 57,719 - 57,719

Unrestricted Restricted Total Total
funds funds 2024 2023
£ £ £ £
Staffcosts(note10) 311,645 - 311,645 317,020
Supportofclergy 49,773 - 49,773 38,805
Churchsupplies 24,144 - 24,144 23,912
Premises 122,486 19,300 141,786 82,493
Legalandprofessionalcosts 59,255 - 59,255 12,947
Governancecosts(note8) 16,740 - 16,740 15,120
Othercosts 246,249 22,558 268,807 228,697
2024Totalfunds 830,292 41,858 872,150 718,994
Unrestricted Restricted Total
funds funds 2023
£ £ £
Staffcosts(note10) 317,020 - 317,020
Supportofclergy 38,805 - 38,805
Churchsupplies 23,912 - 23,912
Premises 82,493 - 82,493
Legalandprofessionalcosts 12,947 - 12,947
Governancecosts(note8) 15,120 - 15,120
Othercosts 212,682 16,015 228,697
2023Totalfunds 702,979 16,015 718,994
Unrestricted Restricted Total Total
funds funds 2024 2023
£ £ £ £
Staffcosts(note10) 56,577 - 56,577 54,077
Supportofclergy 16,064 16,064 15,150
Othercosts 72,252 7,781 80,033 75,504
2024Totalfunds 144,893 7,781 152,674 144,731
Unrestricted Restricted Total
funds funds 2023
£ £ £
Staffcosts(note10) 54,077 54,077
Supportofclergy 15,150 15,150
Othercosts 67,863 7,641 75,504
2023Totalfunds 137,090 7,641 144,731

Expenditureoncharitableactivities: Grantsand donations
Unrestricted Restricted Total Total
funds funds 2024 2023
£ £ £
NotreDameRefugeeCentre(note23)
11,000
11,000 11,000
2024Totalfunds 11,000 11,000 11,000
Unrestricted Restricted Total
funds funds 2023
£ £ £
NotreDameRefugeeCentre(note23) 11,000 - 11,000
2023Totalfunds 11,000 - 11,000

Governancecosts
Unrestricted Restricted Total Total
funds funds 2024 2023
£ £ £ £
Legal,professionalandauditcosts 16,740 16,740 15,120
2024Totalfunds 16,740 16,740 15,120
Unrestricted Restricted Total
funds funds 2023
£ £ £
Legal,professionalandauditcosts 15,120 15,120
2023Totalfunds 15,120 - 15,120
Thisisstatedaftercharging:
2024 2023
£
Staffcosts(note10) 368,222 371,097
Auditor'sremuneration,includingVAT
.Auditservices 16,740 15,120
Operatingleaserentals 10,343 7,449
2024 2023
£ £
Staffcostsduringtheyearwereasfollows:
Wagesandsalaries 324,212 326,505
Socialsecuritycosts 24,285 25,734
Pensioncosts 19,725 18,858
368,222 371,097
2024 2023
£ £
Staffcostsperfunctionwereasfollows:
Administeringtrustandupkeepofparish(note5) 311,645 317,020
Chaplaincy(note6) 56,577 54,077
368,222 371,097
function,was:
Number FTE
2024 2023 2024 2023
Administeringtrustandupkeepof
parish 11 10 7 7
Chaplaincy 3 3 1 1
14 13 8 8

12 Heritageassets
2024 2023
£ £
NotreDamedeFranceRomanCatholicChurch 4,140,000 4,140,000

Tangiblefixedassets
Land Furniture
and and
buildings equipment Total
£ £ £
Cost
At1September2023 11,193,910 507,257 11,701,167
Additions - 16,799 16,799
Disposals (2,850) (2,850)
At31August2024 11,193,910 521,206 11,715,116
Depreciation
At1September2023 - 187,308 187,308
Chargefortheyear - 28,787 28,787
Disposals - (1,882) (1,882)
At31August2024 - 214,213 214,213
Netbookvalues
At31August2024 11,193,910 306,993 11,500,903
At31August2023 11,193,910 319,949 11,513,859

Investments
2024 2023
£ £
Listedinvestments—UK 304,302 280,589
Investmentproperties 12,177,000 11,994,000
Otherinvestments 573
12,481,302 12,275,162
2024 2023
£ £
Listedinvestments
Marketvalueat1September2023 280,589 287,608
Netunrealisedinvestmentgains(losses) 23,713 (7,019)
Marketvalueat31August2024 304,302 280,589
Costat1September2023and31August2024 155,449 155,449
2024 2024 2023 2023
£ % £ %
COIFIncomeUnits 258,099 85 238,879 85
M&GCharifundUnits 46,203 15 41,710 15
304,302 100 280,589 100
2024 2023
£ £
Investmentproperties
Marketvalueat1September2023 11,994,000 11,994,000
Netunrealisedinvestment gains 183,000 -
Marketvalueat31August2024 12,177,000 11,994,000

Debtors
2024 2023
£ £
Rentreceivable 840
Otherdebtors 100,008 103,118
Prepaymentsandaccruedincome 31,265 11,336
131,273 115,294

Creditors:amountsfallingduewithinoneyear
2024 2023
£ £
Expensecreditors 15,649 25,490
Socialsecurityandothertaxes 10,571 11,461
Accrualsanddeferredincome 116,421 91,150
142,641 128,101
Reconciliationofdeferredincome
2024 2023
£ £
Deferredincomeat1September2023 15,728 19,347
Incomeaccruedat1September2023 (840) (76,666)
Cashreceivedintheyear 614,612 614,980
Amountsreleasedtoincome (590,788) (542,773)
Incomeaccruedat31August2024 - 840
Deferredincomeat31August2024 38,712 15,728

Creditors:amountsfallingdueaftermor ethanoneyear
2024 2023
£ £
Rentdepositsheld 153,779 109,785
153,779 109,785

Restrictedfunds
Expenditure
At1 gains, At31
September lossesand August
2023 Income transfers 2024
£ £ £ £
Chaplaincy 7,781 (7,781) -
ChurchandParish 20,399 61,094 (41,858) 39,635
20,399 68,875 (49,639) 39,635
Expenditure
At1 gains, At31
September lossesand August
2022 Income transfers 2023
£ £ £ £
Chaplaincy 7,641
(7,641)
ChurchandParish 16,370 20,044 (16,015) 20,399
16,370 27,685 (23,656) 20,399

forspecificpurposes:
At1 At31
September Increased/ August
2023 Transfer (released) 2024
£ £ £ £
Heritageassetsfund 4,140,000 - 4,140,000
Tangiblefixedassetsfund 11,513,859 (12,956) 11,500,903
Investmentsfund 11,994,000 - 183,000 12,177,000
Churchrepaintingfund 50,000 - 50,000
MaisonPierreChanelrenovationfund 200,000 200,000
27,697,859 200,000 170,044 28,067,903
At1 At31
September Increased/ August
2022 Transfer (released) 2023
£ £ £ £
Heritageassetsfund 4,140,000 4,140,000
Tangiblefixedassetsfund 11,465,881 47,978 11,513,859
Investmentsfund 11,994,000 - 11,994,000
Churchrepaintingfund 50,000 50,000
MaisonPierreChanelrenovationfund
27,649,881 47,978 27,697,859

Unrestrictedfunds Unrestrictedfunds
General Designated Restricted Total Total
Fund Funds funds 2024 2023
£ £ £ £ £
Fundbalancesat
31August2024
arerepresentedby:
Heritageassets - 4,140,000 - 4,140,000 4,140,000
Tangible fixedassets - 11,500,903 - 11,500,903 11,513,859
Investments 304,302 12,177,000 - 12,481,302 12,275,162
Currentassets 628,140 250,000 39,635 917,775 664,632
Creditors:amountsfalling
duewithinoneyear (142,641) - (142,641) (128,101)
Creditors:amountsfalling
aftermorethanoneyear (153,779) - (153,779) (109,785)
Totalnetassets 636,022 28,067,903 39,635 28,743,560 28,355,767
Unrestrictedfunds Unrestrictedfunds
General Designated Restricted
Total
Fund
Funds
funds 2023
£
£
£ £
Fundbalancesat31August2023
arerepresentedby:
Heritageassets - 4,140,000 - 4,140,000
Tangiblefixedassets - 11,513,859 - 11,513,859
Investments 281,162 11,994,000 - 12,275,162
Currentassets 594,233 50,000 20,399 664,632
Creditors:amountsfallingduewithin
oneyear (128,101) - (128,101)
Creditors:amountsfallingaftermore
thanoneyear (109,785) - (109,785)
Totalnetassets 637,509 27,697,859 20,399 28,355,767

Analysisofnetassetsbetweenfunds(continued)
2024 2023
£ £
Totalunrealisedgainsat31August2024 148,853 125,140
Reconciliationofmovementsinunrealisedgains:
Totalunrealisedgainsat1September2023 125,140 132,159
Add:netgains(losses)arisingonrevaluationsintheyear 23,713 (7,019)
Totalunrealisedgainsat31August2024 148,853 125,140

dueasfollows:
2024 2023
Futureminimumleasepaymentsdue £ £
Notlaterthanoneyear 468,360 440,490
Laterthanoneyearandnotlaterthanfiveyears 1,774,000 1,602,000
Laterthanfiveyears 1,503,792 1,758,542
3,746,152 3,801,032

operatingleasesdueasfollows:
2024 2023
Officeequipment £ £
Withinoneyear 9,624 9,552
Withintwotofiveyears 4,458 13,938
14,082 23,490