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|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|
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|ngregationandcharity-withouttheircon
lyasitdoes.Detailsoftheareasinwhich
pportiveofthepeopleinlocalparishes.|
tribution,thecharitywouldnot
membersgavetheirtimearesho|
|---|---|
|Area|Numberofsistersinvolved|
|ParishworkandEucharisticministry|2|
|Volunteeratlocalhospital|1|
|HeritageCentre|1fulltime|
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Date: 2 December 2024
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|||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|||||
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||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|
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||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|
##
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|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|
##
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|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|
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|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|
##
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||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|
##
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||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|
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