| Reports | |
|---|---|
| Referenceandadministrativedetailsofthecharity,itstrusteesandadvisers | 1 |
| Trustees'report | 2-12 |
| Independentauditor'sreport | 13-16 |
| Accounts | |
| Statementoffinancialactivities | 17 |
| Balancesheet | 18 |
| Statementofcashflows | 19 |
| Principalaccountingpolicies | 20-24 |
| Notestotheaccounts | 25-35 |
| ngregationandcharity-withouttheircon lyasitdoes.Detailsoftheareasinwhich pportiveofthepeopleinlocalparishes. |
tribution,thecharitywouldnot membersgavetheirtimearesho |
|---|---|
| Area | Numberofsistersinvolved |
| ParishworkandEucharisticministry | 2 |
| Volunteeratlocalhospital | 1 |
| HeritageCentre | 1fulltime |
Date: 2 December 2024
| Unrestricted | Restricted | 2024 | Unrestricted | Restricted | 2023 | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Totalfunds | Funds | Funds | Totalfunds | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| INCOMEFROM: | |||||||
| Donationsandlegacies | I | 168.783 | 6,467 | 175,250 | 180,034 | 31,080 | 211.114 |
| Investmentsandbankdeposits | 2 | 329,714 | 12,442 | 342,156 | 336,567 | 5,553 | 342,120 |
| Other | |||||||
| -Surplusondisposaloftangible | |||||||
| fixedassets | 3 | 11,317 | 11,317 | 4,199 | 4,199 | ||
| TotalIncome | 509,814 | 18,909 | 528,723 | 520,800 | 36,633 | 557,433 | |
| EXPENDITUREON: | |||||||
| Charitableactivities | |||||||
| Supportofmembersofthe | |||||||
| Congregationandtheirministry | 4 | 890,014 | 890,014 | 816,025 | - | 816,025 | |
| Donations | 5 | 185,550 | 96,945 | 282,495 | 141,550 | 18,968 | 160,518 |
| HeritageCentre | 6 | 188,124 | 188,124 | 22 | 180,744 | 180,766 | |
| TotalExpenditure | 1,075,564 | 285,069 | 1,360,633 | 957,597 | 199,712 | 1,157,309 | |
| Netexpenditurebefore(losses) | |||||||
| /gainsoninvestments | (565,750) | (266,160) | (831,910) | (436,797) | (163,079) | (599,876) | |
| Otherrecognisedgainsandlosses | |||||||
| Netgains/(losses)oninvestments | 13 | 799,638 | 799,638 | 122,066 | 122,066 | ||
| Netincome/(expenditure)and | |||||||
| netmovementinyear | 8 | 233,888 | (266,160) | (32,272) | (314,731) | (163,079) | (477,810) |
| Reconciliationoffunds: | |||||||
| Totalfundsbroughtforwardat | |||||||
| 1July2023 | 13,477,116 | 2,654,916 | 16,132,032 | 13,791,847 | 2,817,995 | 16,609,842 | |
| Totalfundscarriedforwardat | |||||||
| 30June2024 | £13,711,004 | £2,388,756 | £16,099,760 | £13,477,116 | £2,654,916 | £16,132,032 |
| ITTLECOMPANYOFMARYSISTERSENGLANDCIO | ITTLECOMPANYOFMARYSISTERSENGLANDCIO | ITTLECOMPANYOFMARYSISTERSENGLANDCIO | ||
|---|---|---|---|---|
| ALANCESHEET | ||||
| SAT30JUNE2024 | ||||
| 2024 | 2023 | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangiblefixedassets | 12 | 4,072,772 | 4,327,670 | |
| Investments | 13 | 10,934,555 | 10,634,917 | |
| 15,007,327 | 14,962,587 | |||
| CURRENTASSETS | ||||
| Debtors | 14 | 103,150 | 249,676 | |
| Cashatbank&inhand | 1,098,618 | 1,081,200 | ||
| 1,201,768 | 1,330,876 | |||
| CURRENTLIABILITIES | ||||
| CREDITORS:Amountsfalling | ||||
| duewithinoneyear | 15 | (109,335) | (101,461) | |
| NETCURRENTASSETS | 1,092,433 | 1,229,415 | ||
| 16,099,760 | 16,192,002 | |||
| CREDITORS:Amountsfalling | ||||
| dueafteroneyear | 16 | (59,970) | ||
| NETASSETS | £16,099,760 | £16,132,032 | ||
| REPRESENTEDBY: | ||||
| FUNDSANDRESERVES | ||||
| Restrictedfunds | 17 | 2,388,756 | 2,654,916 | |
| Unrestrictedfunds | ||||
| -Designatedfunds | 18 | 6,661,912 | 6,847,462 | |
| -Tangiblefixedassetsfund | 19 | 2,559,588 | 2,739,054 | |
| -Generalfund | 4,489,504 | 3,890,600 | ||
| 13,711,004 | 13,477,116 | |||
| £16,099,760 | £16,132,032 | |||
| pprovedbythetrusteesandsignedontheirbehalfby: | ||||
| eannetteConnell | Cot.,abf | |||
| rustee | ||||
| pprovedbythetrusteeson: | Itt | veik6ii2.24 | ||
| 18 |
| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| CashflowsfromOperatingActivities | |||
| Netcashusedinoperatingactivities | A | (929,382) | (923,215) |
| Cashflowsfrominvestingactivities | |||
| Investmentincomeandinterestreceived | 342,618 | 345,755 | |
| Purchaseoftangiblefixedassets | (20,152) | (14,655) | |
| Receiptsfromsalesoffixedassets | 124,334 | 4,200 | |
| Purchaseofinvestments | - | (10,538,294) | |
| Proceedsfromdisposalofinvestments | 500,000 | 11,038,294 | |
| Netcashgeneratedbyinvestingactivities | 946,800 | 835,300 | |
| Changeincashandcashequivalentsintheyear | 17,418 | (87,915) | |
| Cashandcashequivalentsat1July2023 | 1,081,200 | 1,169,115 | |
| Cashandcashequivalentsat30June2024 | B | £1,098,618 | £1,081,200 |
| Notestothecashflowstatementfortheyearto30June2024 | |||
| A.Reconciliationofnetincomefortheyeartonetcashusedinoperatingactivities | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Netexpenditurefortheyear | |||
| (aspertheStatementofFinancialActivities) | (32,272) | (477,810) | |
| Adjustmentsfor | |||
| Depreciation charge | 162,033 | 162,486 | |
| (Gains)/Lossesoninvestments | (799,638) | (122,066) | |
| Investmentincomeandinterestreceivable | (342,156) | (342,120) | |
| Surplusondisposaloffixedassets | (11,317) | (4,199) | |
| Decrease/(Increase)indebtors | 146,064 | (34,801) | |
| (Decrease)increditors | (52,096) | (104,705) | |
| Netcashusedinoperatingactivities | £(929,382) | £(923,215) | |
| B.Analysisofcashandcashequivalents | |||
| Cashatbankandinhand | 1,098,618 | 1,081,200 | |
| Totalcashandcashequivalents | £1,098,618 | £1,081,200 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | 2024 | Funds | Funds | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Sisters'salariesandpensions | ||||||
| donatedunderGiftAidorDeed | ||||||
| ofCovenant | 166,441 | 166,441 | 173,178 | 173,178 | ||
| Legacies | 1,457 | 5,160 | 6,617 | 5,200 | 30,000 | 35,200 |
| Donations | 885 | 1,307 | 2,192 | 1,656 | 1,080 | 2,736 |
| £168,783 | £6,467 | £175,250 | £180,034 | £31,080 | £211,114 | |
| INCOMEFROM:INVESTMENTS | ANDBANK | DEPOSITS | ||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Funds | Funds | 2024 | Funds | Funds | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Incomefromlistedinvestments | 324,680 | 324,680 | 333,557 | 333,557 | ||
| Bankinterest | 5,034 | 12,442 | 17,476 | 3,010 | 5,553 | 8,563 |
| £329,714 | £12,442 | £342,156 | £336,567 | £5,553 | £342,120 |
| Unrestrictedfunds | Unrestrictedfunds | |||||
|---|---|---|---|---|---|---|
| Proceeds | NetBook |
Proceeds | NetBook | |||
| (net) | Value | Total | (net) | Value | Total | |
| Funds | Funds | 2024 | Funds | Funds | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Gainondisposalofproperties | 120,334 | (113,015) | 7,319 | |||
| Gainondisposalofmotorvehicle | 4,000 | (2) | 3,998 | 4,200 | (1) |
4,199 |
| £124,334 | £(113,017) |
£11,317 | £4,200 | £(1) |
£4,199 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | 2024 | Funds | Funds | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Premisesandequipmentcosts | 85,289 | 85,289 | 46,195 | 46,195 | ||
| Sisters'livingandministry | ||||||
| expenses | 682,168 | 682,168 | 595,093 | 595,093 | ||
| Othersupportcosts | 109,447 | 109,447 | 162,738 | 162,738 | ||
| Governancecosts(note7) | 13,110 | 13,110 | 12,000 | 12,000 | ||
| £890,014 | £- | £890,014 | £816,025 | £- | £816,025 |
| EXPENDITUREON:DONATIONSANDG | RANTS | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | ||
| ThePalliativeCareCentreinKorce,Albania | - | 96,945 | 96,945 | 18,968 |
| ContributiontotheGeneralate | 63,050 | 63,050 | 63,050 | |
| MerseysideCounselling | 40,000 | 40,000 | ||
| LittleCompanyofMaryGeneralate | ||||
| Emergency | 12,500 | 12,500 | 12,500 | |
| CAFOD | 10,000 | 10,000 | 10,000 | |
| JesuitRefugeeService | 10,000 | 10,000 | ||
| RLSS-DonationtoCommonFund | 1,000 | 1,000 | 2,000 | |
| FamulliaChurchAlbania | 1,000 | 1,000 | ||
| KWilkinson-Donationtosupportmasters | 5,000 | 5,000 | ||
| MarriageCare | 1,000 | 1,000 | ||
| StBarnabasCathedral | 5,000 | 5,000 | 5,000 | |
| ThePassage | 5,000 | 5,000 | 5,000 | |
| EmmausHouse | 5,000 | 5,000 | 5,000 | |
| Mary'sMeals | 5,000 | 5,000 | 5,000 | |
| ShootingStarChildren'sHospice | 2,000 | 2,000 | 2,000 | |
| CardinalHumeCentre | 5,000 | 5,000 | 5,000 | |
| CatholicChildren'sSociety | 2,000 | 2,000 | 2,000 | |
| EmmanuelHouse | 5,000 | 5,000 | 5,000 | |
| AidtotheChurchinNeed | 3,000 | 3,000 | 3,000 | |
| CatholicChurch,Albania | 2,000 | 2,000 | 2,000 | |
| GoodShepherdBuildingFund | 1,000 | 1,000 | 2,000 | |
| BritishHeartFoundation | - | 5,000 | ||
| TheDestitutionProject(Bolton) | 5,000 | |||
| HaywardHouse | 1,000 | |||
| Paymentsoflessthan£1,000each | 2,000 | 2,000 | 2,000 | |
| Total | £185,550 | 96,945 | £282,495 | £160,518 |
| PriorYear | ||||
| Unrestricted | Restricted | Total | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Total | £141,550 | £18,968 | £160,518 |
| EXPENDITUREON:HERITAGE | CENTRE | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Funds | Funds | 2024 | Funds | Funds | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| HeritageCentreoperatingexpenses | 112,692 | 112,692 | 22 | 89,811 | 89,833 | |
| Depreciation | 75,432 | 75,432 | 90,933 | 90,933 | ||
| £- | £188,124 | £188,124 | £22 | £180,744 | £180,766 |
| GOVERNANCECOSTS | ||
|---|---|---|
| Total | Total | |
| 2024 | 2023 | |
| t | £ | |
| Auditor'sremuneration(includingVAT): | ||
| -Currentyear | 12,750 | 12,000 |
| -Prioryear | 360 | |
| £13,110 | £12,000 | |
| NETMOVEMENTINFUNDSFORTHEYEAR | ||
| Total | Total | |
| 2024 | 2023 | |
| £ | £ | |
| Thisisstatedaftercharging/(crediting): | ||
| Staffcosts(note9) | 493,207 | 415,488 |
| Auditor'sremuneration(includingVAT): | ||
| -Statutoryauditfees | ||
| -Currentyear | 12,750 | 12,000 |
| -Prioryear | 360 | |
| Depreciation | 162,033 | 162,486 |
| STAFFCOSTS | ||
|---|---|---|
| Total | Total | |
| 2024 | 2023 | |
| Staffcostsduringtheyearwereasfollows: | ||
| Wagesandsalaries | 409,892 | 357,884 |
| Socialsecuritycosts | 26,772 | 21,165 |
| Otherpensioncosts | 18,572 | 12,240 |
| 455,236 | 391,289 | |
| Agencystaff | 37,971 | 24,199 |
| £493,207 | £415,488 |
| enefits)duringtheyear(2023—none). heaveragenumberofemployees,analysedbyfunction,was: |
||
|---|---|---|
| 2024 | 2023 | |
| No. | No. | |
| SupportofmembersoftheCongregationandtheirministry | 17.7 | 17.6 |
| HeritageCentre | 2.0 | 2.0 |
| 19.7 | 19.6 |
| TANGIBLE FIXEDA | SSETS | |||||
|---|---|---|---|---|---|---|
| Landand | Buildings | Heritage | ||||
| Centre | Furniture, | |||||
| Non- | and | Fittingsand | Motor | |||
| specialised | Specialised | furniture | Equipment | vehicles | TOTAL | |
| £ | £ | £ | £ | £ | £ | |
| Costorvaluation | ||||||
| At1July2023 | 1,640,270 | 3,320,620 | 1,261,037 | 99,203 | 51,900 | 6,373,030 |
| Additions | 4,522 | 15,630 | 20,152 | |||
| Disposals | (113,015) | (17,650) | (130,665) | |||
| 30June2024 | 1,527,255 | 3,320,620 | 1,261,037 | 103,725 | 49,880 | 6,262,517 |
| Depreciation | ||||||
| At1July2023 | 1,142,911 | 754,171 | 96,381 | 51,897 | 2,045,360 | |
| Chargefortheyear | 110,182 | 45,795 | 2,148 | 3,908 | 162,033 | |
| Eliminatedondisposal | (17,648) | (17,648) | ||||
| 30June2024 | 1,253,093 | 799,966 | 98,529 | 38,157 | 2,189,745 | |
| Netbookvalue | ||||||
| 30June2024 | £1,527,255 | £2,067,527 | £461,071 | £5,196 | £11,723 | £4,072,772 |
| 30June2023 | £1,640,270 | £2,177,709 | £506,866 | £2,822 | £3 | £4,327,670 |
| Total | Total | |
|---|---|---|
| 2024 | 2023 | |
| Listedinvestments | ||
| Marketvalueat30June2023 | 10,634,917 | 11,012,851 |
| Additionsatcost | 10,538,294 | |
| Disposalsatbookvalue(seebelow) | (522,515) | (10,826,923) |
| Netunrealisedinvestmentgains/(losses) | 822,153 | (89,305) |
| Marketvalueat30June2024 | £10,934,555 | £10,634,917 |
| Costofassetsatyear-end | £10,020,527 | £10,538,294 |
| Total | Total | |
| 2024 | 2023 | |
| £ | ||
| Disposalsatbookvalueincludedabovearemadeupofthefollowing: | ||
| Proceeds | 500,000 | 11,038,294 |
| Losses/(gains)ondisposal | 22,515 | (211,371) |
| £522,515 | £10,826,923 | |
| Listedinvestmentsheldcomprisedthefollowing: | ||
| Total | Total | |
| 2024 | 2023 | |
| £ | £ | |
| CALFCatholicInvestmentIncomeFund | £10,934,555 | £10,634,917 |
| 14 | DEBTORS | ||
|---|---|---|---|
| Total | Total | ||
| 2024 | 2023 | ||
| Investmentincomeandinterestreceivable | 77,689 | 78,151 | |
| Prepayments | 17,294 | 31,525 | |
| Legaciesreceivable(note1) | 130,000 | ||
| Otherdebtors | 8.167 | 10,000 | |
| £103,150 | £249,676 | ||
| 15 | CREDITORS—Amountsfallingduewithinoneyear | ||
| Total | Total | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Moniesadministeredonbehalfofindividualmembers | |||
| oftheCongregation | 20,140 | 13,477 | |
| Donations | 59,970 | 56,846 | |
| Sundrycreditors | 8,975 | 9,906 | |
| Accrualsanddeferredincome | 20,250 | 21,232 | |
| £109,335 | £101,461 | ||
| 16 | CREDITORS—Amountsfallingdueafteroneyear | ||
| Total | Total | ||
| 2024 | 2023 | ||
| Donationspayable | £- | £59,970 |
| Albania | HeritageCentre | ||
|---|---|---|---|
| Fund | Fund | Total | |
| £ | £ | £ | |
| At1July2023 | 134,839 | 2,520,077 | 2,654,916 |
| Income | 18,909 | 18,909 | |
| Expenditure | (96,945) | (188,124) | (285,069) |
| At30June2024 | £37,894 | £2,350,862 | £2,388,756 |
| Albania | HeritageCentre | ||
|---|---|---|---|
| Fund | Fund | Total | |
| £ | £ | £ | |
| At1July2022 | 123,727 | 2,694,268 | 2,817,995 |
| Income | 30,080 | 6,553 | 36,633 |
| Expenditure | (18,968) | (180,744) | (199,712) |
| At30June2023 | £134,839 | £2,520,077 | £2,654,916 |
| Sisters' | |||
|---|---|---|---|
| Retirement | Congregation | ||
| Fund | GivingFund | Total | |
| £ | £ | £ | |
| At1July2023 | 4,700,000 | 2,147,462 | 6,847,462 |
| Utilised/released | (185,550) | (185,550) | |
| Designated | |||
| At30June2024 | £4,700,000 | £1,961,912 | £6,661,912 |
| Sisters' | |||
| Retirement | Congregation | ||
| Fund | GivingFund | Total | |
| £ | £ | £ | |
| At1July2022 | 6,400,000 | 1,289,012 | 7,689,012 |
| Utilised/released | (1,700,000) | (141,550) | (1,841,550) |
| Designated | 1,000,000 | 1,000,000 | |
| At30June2023 | £4,700,000 | £2,147,462 | £6,847,462 |
| Total | Total | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| At1July2023 | 2,739,054 | 2,795,953 |
| Netmovementsinyear | (179,466) | (56,899) |
| At30June2024 | £2,559,588 | £2,739,054 |
| General | Tangible | Designated | Restricted | ||
|---|---|---|---|---|---|
| funds | Fixed | funds | funds | Total | |
| Assetsfunds | 2024 | ||||
| £ | £ | £ | £ | £ | |
| Tangiblefixedassets | 2,559,588 | 1,513,184 | 4,072,772 | ||
| Investments | 4,272,643 | - | 6,661,912 | - | 10,934,555 |
| Netcurrentassets | 216,861 | 875,572 | 1,092,433 | ||
| Creditorsdueafteroneyear | - | - | |||
| Totalnetassets | £4,489,504 | £2,559,588 | £6,661,912 | £2,388,756 | £16,099,760 |
| General | Tangible | Designated | Restricted | ||
|---|---|---|---|---|---|
| funds | Fixed | funds | funds | Total | |
| Assetsfunds | 2023 | ||||
| £ | £ | £ | £ | £ | |
| Tangiblefixedassets | 2,739,054 | 1,588,616 | 4,327,670 | ||
| Investments | 3,787,455 | 6,847,462 | 10,634,917 | ||
| Netcurrentassets | 163,115 | 1,066,300 | 1,229,415 | ||
| Creditorsdueafteroneyear | (59,970) | (59,970) | |||
| Totalnetassets | £3,890,600 | £2,739,054 | £6,847,462 | £2,654,916 | £16,132,032 |
| Total | Total | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Unrealisedgains/(losses)oninvestments | £914,028 | £96,623 |
| Reconciliationofmovementsinunrealisedgains/(losses) | ||
| Unrealisedgainsat1July2023 | 96,623 | (181,202) |
| Less:inrespectofdisposalsintheyear | (4,748) | 367,130 |
| Net(losses)/gainsarisingonrevaluationintheyear | 822,153 | (89,305) |
| Unrealisedgains/(losses)at30June2024 | £914,028 | £96,623 |