Charity rqgi$lTrtion numbgf 220690 IEngknnd and Wales) Charlty r•gl8tratlon numb•r SC039809 (Scotland CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) LEGAL AND ADMINISTRATIVE INFORMATION Tru8tee8 Rev S Botto Bro E Slawtnskn" Rev D Byme harlty nUMr IEngland and Wal•81 Charlty numbar IS¢otl•nd) Principal add8 High Thom Prttiwon Road Rainton Gate Holthton be Sprilg DH5 9RG Auditor R{ Ladtei A¢r*)urrtls Lirnited FèrnworMI House Femwood Rowj Jesmond Newca511e w Tyne Te arKJ EnglaNI NE2 1TJ Bankers Bardays Bank F Corpyate 8ankmg Centre PO aox 229 MagatKIn F¥eslon PR2 2XY
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) CONTENTS Page Trustees. repNt Irvjependent auth'lorfs report Slatsnl ol fina¢Kial actmt 9-t0 BalarKe sheet 11 &atement ol cash flows 12 Note5 to Ihe fmanL?al statement$ 13-21
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present thew and finanu81 stslements for Ihg ended 31 Decembei 2023. The financial statements have been prepaftd in ¥xwdarKe wilh the afzounlThJ p.eS sel out in note I to the financial statemènts awKI comiAy wlh the Charty's wveming dwment, the CharitEs Act 2011. Ihe Charllies 8Dd Trustee Investment (Scollèndl Act 2(X)5. the Charities Arunt$ (SclIand} Re9ulatM)ns 2(X)6 las amèndèd) and "Acwunting and RePOrtg by Charities." Statement ol Recomme Practi¢x applicaWe lo charities preparing Iheir accounts In accordance with the Financial ReFth'ThJ Sl•NJarO ap1.¢ab in the UK and Republ of Ireland IFRS 1021. leffectNe 1 January 20191. Oblectives and aCVItÈs Introduction SL Joseph's Soeieiy lor Foreign MisNons was fnded in 1866 by Cardw)al Herbert Vaughan at Mbll Hill in Lctrndon. The Swely is an "internatlIa1 fellowship of MiSsalleS., deth"tated to the ol evangel¢sats'on. to the building up of young Chwches. & to the a5SiSting of Chui(es in speThal nd oulsKJe our home regions. Members of the Souety are expected to leave thebr own counliy & culture & lo be involved in p#)neering areas of èvangelisation. In December 20C6 the Suciety's Generalate rnoved from Mil Hill lo Maidenhead follcpwing Ihe Sa of Sl. Jowh's COle in Mill Hill Wh Iraol"lionally had been Ihe prinapal training centre ol the So(yety. Because ol ils histon'cal foundation Ihe Sooety & rt5 members are kTrxvn as the Mill Hil MIsonallÈS. The slety is rxganlsed into thw .$$#.. Eur¢y & Ncth An)erta fvli8sion {o)mw'$w)g Gieal 8fit¥in, The Nelherlands. Irdand, The United Siate5. & the German Speaksng Region. erMpaSsIng Muses In Ilaly & Austri31. the AfnGa Mission 8 the Asia Ilission. Unbl recentty rt has drawn tho may)rty ol rts members from Europe 8 North America. Today there are many candKlates from East Afn"¢a. Carnern. Conw. India & the Phdippines. It has Mission kna$ in hyelve Lwrtrl. Kenyd. Ugwxla, Sudan, Cameroon. Cry. Africa. Pokistan, Ind. Malaysra, Phih"ppv)ès, W"1, Inthwia. & a preserth dgewhere kn the worfd. The accoun15 aCcompanng this r¢port ale the account5 of the Trust whith the assets of the Soaety's actiwl¥es n Great Britain are vested & cover the tivItIeS of the Bnb"5h Region ol the S. The aUnIS of the Central Society were hisioricamy incorporaled wrth the Btitrsh Region unlil 31.: December 2012. With effect Irom 1Yt Janksary 2013. tIE Cwlial Siety separated from the British R¥gion & FKMT wwate8 & report5 as Charity lor St. Joseph's Missionary Society IGeneraL4tel Charrty CommissH)n No. 1148960 The Charity for St. Joseph's Missi(Mwy Sootrly IBrTbsh Rwon) is govemed by a priThipa deed daled 25th March 1929, & is rw"sleied al the Charity comm5) No. 2206 & the Scouish Chity Regulator No. SC039809. Oryanisation In Marth 2012 urKlei a Charity Commi55iw 5dme daled 12th March 2012 and a Deed olAmendmenl dated 13th Marth 2012 the Charity was renarned Charity for Sl Josw's Missionary Society (British Region) rts objedives revised and Iour new Truslees were appointed Ihe above se corporate Trustee. All the Trustees ol the Charity for St Joseph's Sooety (Bfth"sh RegK¥)) are appl¥1 by the Britssh Regonal CLxrt' arxl are all M¢rters of Sl Joseph's Missionary Stsciely. Th8 Trus1• R•v Dèmiot Bymo MHM F¥. Byrne ha5 been a ful member of the Scoiety ncts Noverter 1991. wa5 ordainod in June 1992 and elected Regional of the British RegK)n 151 Jawwary. 2017. Prior lo being elected Regional he wa$ wothing on the Sotyells MiSsn in Uganda. Rev St•ph•n 8oito MHM Fr Botlo has en a full Mem ol thè Soaety Sir Odthr 1W. He was ordaiwl in June 1991 is currently Bursar ol the British Region since June 2011. PrKir lo being appointed Bws•r he wa& foll a ta)urse of further studies and has work¢d on the Sow'3 mi55ion Cavwoon. Bro Eddie Slawin¥kt MHM Bro Slawinski has been a fLdl ftnber ol the Society Sin Apiil 1982. He is cuffenty a member ol the leam making appeals and doir4J promo"on work lor APF - Ma Ha in England Wales. He has previously w¢xked on the Sooety'5 missK)n the Camerojn.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 PrI1p1? Xtiviti and aims The princtpal obJeclNes of the Socaety 8$ stat the trust deed are'.- Such charitae purposes thai •dv•nce the re310$ and other charrtatde Work of Ihè Sotièiy induding.. 1. The promots'on, maintenance and support ol the Sociely and ts mgmber5 indudng the educalion of those membèrs 2. The relief of poverty 3. The advarkcemenl of the Romon Catlx RelvJiDn The Trustees may use the rapital arHI Ihe income of the Charty in promth"NJ th¢ Ot¥"ects. These obJ"ecves stste Ihe •rrts ol ts &y)"ety. Financial The Sotly adheres lo slringerrt polws a$ oulFined in Ihe GkJal Financaal Regulat Manual and detailed in the Brrtish Reg Finanoal RegulatS Mamal. The Finanual &atements for year en(Sed 31 December 2023 satisfy the Twustees with regaw(I lo the ChrtY'S alylity lo clie lo operale in lUtU The TtU5tees have orKe again given consk1eraknon 10 thÈ financtal Irnpt of the CoMd-19 panderic •)d thè negativé ellecl Ihis has and polenlialty might continue to have on VestMent mackel vèhjes. inve51ment irrne and potenb'ally to donations. The Trustee5 h8ve also given consth¥abon to the finarrHI Itnpact of the Ukrainian crisis whth has had ¥n immediale impxt on investment martèt vth•$ and wld Inevtsbty to affed t perfom)ance of all investments moving lon¥¥rd. The Chartly Maintai Genera Fund ReseNes aThJ Retrement Furkl ReseNe$ 88parat8 to and Buikjlng Reserves lo ensuTe transparency ol fnan(ial repwts afKI to enable CondeatrOn ol future financial planning. The Appeal FU does not rese¢5, all suipluses being transfer to Ihe Charity fof Sl. Joseph'5 Missionary Society (Generalalel Chily No. 1148980 for funding of Ihe misons. No Restrictèd Funds arè held for yèar ended 31 December 2023. The Charity ha5 an Inveslment PO"cY primaity amÈd ai MaxlYj inveslmenl inrx>me whdsl maHitaining an eth81 stance across a dive& FarvJe of asset cJa55 8 seojrty. The Chty will not invest in Companies purwing activities which arè th"rèctty contrary to Ihe purF)se ol the Trust Deed & Vestment 15 avoNJed m companies where their mafft business aclivities are in the areas of pomography. armamenislmilrtary equipment, gamtrAing or tobacLo. Investment Managers are inslrucled to folkm the pc4iGy o1,5ale' rather Ihan'speculalive, investmenl whilsl aiming 10 achi8¥e an overall incA)me wekl not less than 3.5% walty. The Investment Potw is wev1w periodlcally to ensure continuing suitability. Ongory financial tlanring. thro? detaikd txxwary co[ratn, 15 forjjsed on the kknwJ key areas". . The PTomolKJn, mainlenanc¢ and suFyort of the Soc¥ety and its meMrS. includry tho edueats.on ol Ihose nwbers- these beg ielwt utw general donats'ons. ty)veslm¢nl anil lew income - The relief of poverty. Or¥Joing review of practtts. reinforcarvJ appeals team Ibolh empbyed and volunlaryi to organise APF Appeals throughout Engtand and Wdles. lo ensu Ihe futuftr Suslainalylty ol the Missions throu rx)th Réd Box t)c•tS and COnant Donations . The advanwn¢rrt Of1 ROM Cath(AiG Re1vJm.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Law$ & r•gulations . The Trustees aCkn(ledge Ihwr duty lo ensLtre thai the Chafity cANAleS wlh tharily law & %wth the requiremants of the Charity Cornmission in England & Wales & the Olfice of the Scoltish Charity RegulalL¥ IOSCR) as well as their r¢sponsibilty lor ertsuiing the Charty does Mt br8a¢h any of the requirem1$ or rules set (Mjt in the Trust Deed & the Conslilulions of the Society. - The Trustees appoint a 4uaKd extemal NJttcA to verify the acthracy ol 8c£ounts, proco$$9$ & prde$, lo minimise the polen'al lor inacrAJrate accounting & Wential fraLKI. - The Trustee5 are aware ol Ihew oblytk)n to reFth Y serious in18nts to Ihe Chanty Comriwon. Proteclion of vulnerab Adults: The Tfustees ensure ongoing Compliar assessment lo ensure Ihe Souety meets with the currènt legislats.ve qU1ments as regaids the Proleclion ol VukneratAe Adults. A5 well as complying Wrth its Crt¥n 'Ctsde of Conduct. & 'Safeguarding Gutdelines. the Souèty also adheres lo the SafeguardThJ &JKlelines ol the Cathohc Church in EnglaThJ & Wales. There is a d¢syJnaled ofthe Sor• r8srKmstAg Icrf Safeguardry. Publ1¢ Bfrngllt The Tru5tee5 have consulted the gtridanc made availablB by th8 Chan"ty CorrIsSI( fty En9l$nd & Wales on the Public Benefft iewiiemenl of t1 CharrtEs Act 2011. The Tru3lees are confident that they ha¥e c#)Mpld wFth Iheir the chareS Ad 2011 in Ihat thèy have had due regard lo public bLefft guidance puL4isld by the ComnwsSi. In ftTrrtherance ol the trust'5 charrtable purF¥)ses for the pUC benefit the trustees give detals of their a¢trvitses in Ihe lolowing paiagTaphs. FlnanGial revlew Rgviww of 2023 In 2023. the Brilish RegKJn sth(b England. IaS & Scoil&)d had 64 rnembers Df whom 26 were retired & 1 residenl In the UK P¢Ading appmyntmonl. rg%dent in He1trt House our Reb"remenl Home in Freshfield. In 2023 thè SO¢Y introduced addItnal sdt leave policy speth to cases of Comd in lo prolg the elderfy residents at Herbert HSe. Ov•rseas'. 6 members were on Mission work overseas. They wore spread owr 6 cotrte&." Cameroon, India. Malaysrd, Pakistan & the Philippine151arth. Th8 Socw's Memtws work mainly in Partshes amngst pe(¢4e in need providing ieligK)U5 & hufflanilarian serveS. The lattor indudes urban projects $tt as rehabi&W"n9 drug users. helptng dIsaced persons. working wrth the disab, feeding sthemes f¢v & in wral areas. projects forwomen. England & Wales: 1 member is w1)rkg as the Nalion81 01clo of the Ponfifical missi SocielieslMtssK for England & Wales whilst 6 mttmbers were involved in faising missK)nary awareness & making appeab England & Wdle5. Thi woik is carried out In confluenev with Missio (Regd. Charily 10566511 & colectively a iotal 01 £2,204.171 wa$ rai5od ill 2023 of which £881.669 went to the Sooety - a docrea 014% on 2022 (Miss & Mill Hill income were t¢lh dobvn 4°A on 2022. 7 members ol Ihe sCY were wthing Mi pan¥he8 in End tthi1g 3 olhws were chaplans to h)Spit$. care home$. %hixJls, 8 Gonvents. 1 of thè membws WOrknr in a Parish is also feKwntstrye lor MHM f( safeguardiro in Ennd )d INales. There a 11 membeTr ol the regK)n who we ¥Nol¥ed n may9¢rnnt of tho soiety13 British Reg#Jn & Generalale
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Scotland: Trnstao8 R•port 2023 3 members were inVoed in raigng missionary awweness & maknng wals in stsnd dwing 2023 they visiled 332 p3n$hes. Also due to the dèdinity numbers of dioce$an priests they visited 20 padsh6s regularly Dn SUPFty as well as sUY lo nwght(JurirBJ Nazareth H(xJse NUng Home on a daily basis. . The Society magazine for S¢oll•DJ (St. Joseth'sA(hwtÈl was Pshed duriw 2023 + 1 cndar. As wo11 as prowding renection l .010$ retreat days l e¥ening$. our rnember5 also visiled schools and worked with otttef groups betongtng to Ihe calh Churcth li Sujuand . Serra. LoLffdes Hosprtalrte & Lourdes thjrses, all olwhL¥n use Cardonald me¢ling$. A CentriNJ Prayer Group cLInlUeS to held Tuesday & on Vkdnèsday evenTrngs we havo Fallh Development Sessions gNen by Fr. Bemard Fox. The proceeds of a Prize Draw (Friends of Mal Hilg hekl in 2023 wwl to Displaced Children of DIa. Cameroon, The are also various fundrai5w acaNibes Ihr¢xyhout Ihe year lo for tha Missions. We have an annual Noven¥ lo St, kneph 8 fvth ) in November. Cardonakl provides a base for any So)th"sh Mtll Hill Mi%OnarieS w¥4ling on Home Lea¥e. Fr. Bemard Fox 1$ th the reprelatiVe for MHM fw saleguwding Scolland and cfer of rehgKJus. Reser¥•8 po14Cy 11 is thè policy ol the charity to ensure Ihat unrestncled funds Ithch have not been (Jesvjnaied for a speufi¢ use should be rnainlw'ned a5 liquk1 assets at a rThnimurn lèvel equNalenl lo e1ve M(th s tsxpenditure linolusive ol Hertrt House). The remaining balances of unrestricted hjnds be hekl as inlmen1 p0110.5 lo ensure the maximum dNidÈnd return which is Ihe main sowce of income lor the unie51ricled (Generall funds hdd. The trustees consKler thal resefves held at "S 1 11 ensure thaL in the event of a 5MJnificanl drop in inrne, they will be able lo continue the chwty'$ currenl acljth'es %th"le consthr•b"on is gNen lo ways in whth alikal lunds may be raised. RSgk policy In line viilh the rewir8mgnts for Truslees lo undertake a iisk ¥55essn¥f exeriase and give an 8ixounl of this in the report, the Trustees have looked •t the ii5ks the InstitL&te laees in England and have ieviewed the [sre5 already in place to doal wrth ihem. TIE Trustees ha¥¢ Kleatrfd the fn9 main eas where risks may occAsr. Th¢ General Counal, supported by the Far cou1 * Fwwyjal secse. i$ responsible a5 finanee lo Ihe following'.- - Appwove the annual budget - Apprtsve the annual financial report - Approve the purchase or of landlproFerty . Grant fequestslprqeds lor members in need and non-MHM's Appoint external audilor for annual audit.ng - Approve the Gkjbal and Regthal Financral Manuals All decisions with regwd to financk4 matlers and pr¢vertS must be me line with the Constrtukn'on3 and Diwlives of the SocAety. The Trn$lees may onty acl within parameters sel by the Gera1 c0cA and as ouvined the Financial Regu105 Manual. There is no fcymal indu(aK)n trainwvJ lor Trustees. Employees are 0Y aulhofis&J to a¢1 within the parametefs of Iheir LbsuW)n and no èmrAoyees a responsible fcrf financral dgcigon mrt9 al Y I1. Pl•ns lorfuture periods In addition lo the continuat1 of its current ¥tMi*s a number of srwtsfic prqects are envisaged. 1 Tts support Ihe lIsh Region Mewbers in their missiary wryk ove15eas. 21 To prowde for Ihe rèbr@mt and heath ol membws ol the Brtknsh R•gwJn. 31 To promote overseas mission in the Bfltish R¢gTr¢n.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Structur•. go¥•manc¢ and management Govtrnlng document The charity is controlled ty rts governing dOceTht. * deed of tr( and oinsbttrtes an Unr01p(aled chty. The Injslees who seNed duiiw the year up to thtr de of 5wJnalure ofthe thaTrJal 51atements were.. Rev S Botto Bro E slaw1rkI Rev D Byrne ststèmÈnt ol trustees. rfrspon8ibiliti•8 The trvslees are respollsible for weparwvJ the Trustees. RW arKI Ihe fuBncial slaleThnls in accordance with applicab law and United ngdoM Aixcxjntsng Stsntsrds lun .n9d0ffl Genefally Accepted ACCountg Prach'cel. The law applicab lo charitiès th England and Wa$ and in ScoUaThl rlrèS the trustees lo prep8re financkgl slalomenl¥ ftx exh financial year which 9tve a true and fair Vw tsf ihe 51ate of alfairs 01 charity ol the incoming resources and 3pICati.0n of of Ihe ¢arrty lor that year. Irk preparing these financial statements, the trustees are ¥equYed to.. - select suiiatle ow)unlry polK¥as and Ihen Ihom cnSIstenI.. - obserye the methods and pri4e$ In the chanb.es SORP,. - make judgements e51imales that are Teasonabbe pnxlert: - stale whether apph"cable accountiro siandards havo boen fo11. 5ubi8Ct to any malerial departures disclosed and explained in Ihe finanoal slalements. atHI - y¢p¥r¢ finanal ststerrthts on the n9 concem basis urss rt is inappmpnate to preSUff that the charity wll ntinUe in operaliM. The trustees are respty)s4e for keepirvj suffic4ent reCS thal (Ss(kne wilh r8osrMble #c¢ur#cy al any lime Ihe financial p0511ioll of Ihe charity and enabse Ilwm lo en3u¥e that the fir1claI statements compty with the Ch*Trlies Act 2011. the Charity <AcCntS Reports) RègulatlcS 2008. the Charttie$ and TrtJ3lee Investment {Scotlandl Acl 2CIJS, the Chan1 Accounts (Scotlandl RegulatnS 2( las amended) and the provisions ol the trust tjeed. They ale atso responsble for safeguardiNJ the assets of the chafrty and hence for lakn'ng reasonable steps for thè pr8¥enlion and detects'c of frajd other iffegthrties. The trustees. reF)Ort w35 appioved by Ihe Bowd of Twslees. Rev S Botto Trustse Dal•'.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY {BRITISH REGION) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) Oplnlon We have audbled the financral slalements of ChafTty For & Joserth's Misyorory Society IBrib"sh Region) (the 'ch3rity I for the year ended 31 December 2023 c>)mprise Ihe slalement of financial activrties, Ihe balanc sheet. Ihe 5taternent of cash Ilows and notes to Ihe fnanaal statements, IndJIng signrfic2nt accounting pcAicaes. The finanual reporting framework thal has b•en appld in Ihw pieparatiw is applKablg law and United Kingdom ACCwnti Standards. inc[jIng Financial Repormg Standard 102 The Fmiancjal Rewrting Slandard appfycable in lh¢ UK and Ropubk 01111 (united Kit() Generalty Accepted Accountsng Practscel. In our opinion. the fmnoal statements. give a true and fair of Ihe state (rf thg tharity's allaws as al 31 2023 and of it5 incomir Tesources and application of resJrces, f Ihe year then ended," have been propwly prepared in ac£<¥danc with United Kwjom Generalty Accepled Ac£ounting Practice. and have been prepafed in accordance with the requi¥emenls ol the Chwities Acl 2011. the Charrties and Trustee Investnt Iswllandl Ad 2005 regulats'on 8 01 the CharrtTre5 Acwun15 (Scollandl Regulalion5 2006 la$ amended). Bas1$ oplnlon e cldUcted our audrt in accoTdance wlh International Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities urKler those standards are further dèscrib in the Audiloes rgsponsi1lftt.$S lor thg audit of the financial statenien£s section of our rewl. We ale Independent Df l1 tharrty in accordance wllh the ethical iequiremellls that are ielevanl lo our audrt of ihe financial statements in the UK. inclLKling the f RC'S Ellv'Gal Slandard. and wè tJav fulfilled ow other ethical reonbilitieS In accordance wrth Ihese requirements. We believe that the audit ewdence we have otrIawd is suffKient and ¥Jprowate Io Pro a baS for our opinion. Concluslons r•latln9 to golng ¢one•m In auditing the finan¢ial stslemenls, we have (thdvded that Ihe twstees, use of Ihe gdng basls of accounting in the preparation of tho financTral slalernenls is apwopnate. Based on the work we have perfcrfm8d. we have rnt identrfed •)y merial vncwtsinls relaling to everrts of conditions that. indiwdually or collectively. may c2sI sKJnifica5)I doubl t)n the charity's ability to continue 39 a going coocerfj foi 3 penod of al lea51 twelve rnonths from when Ihe financ1 statements are auth0ri5ed foT 155ue. Our re5ponslbililS and the r&sF<)nsth"lrts of the trustees wrth resp8d lo w co1n are described in the relevant sections of this feport. Other inforniation The olher information c(¥nprises ntsmal# incKlgd in Ihe amual rett ollw than ffinancAal $tatements Id our audilorfs report Ihereon. The Irusiees are respJn$iNe for the othet inEmalion umtained wiihin Ihe annual report. Our opN)ion on the finan(aal ststerllenls does not cover the other inlormakn'on we do not express any forni tsf assurance ¢onclusion thereon. (hJr responsibilty is to read thè other information and, in doing so, CSIder whether the olher infoTmalKJn Is malenally inconsisient th Ihe financial sialements or our knowledge obtained in the course of the audil. or othetwise apaS lo be materialty misstated. If we iLfenttty Such material inconsistencies or appAreni malerial misslalemenls. we we qred to deternyne whelher this gives rtse to a material misstatement in the financial statements themsdves_ tf. based on the work we have performeil. we eondude Ihat there is a malerl81 Mi$stalennI ol this ¢AheT infLYTnatTh. we are reqwed lo report that lacl. have nothing to in this regard.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IBRITISH REGION) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) M•tt•rB on which we arè required to rèport by èxc¢ptlon We have noihirvj to report In ffjspeiA of It f¢kn"n9 matters in ielab.on to which the Charities {Accounls awvj ReFXlrtsl Regulab'ons 2008 and the CharliS AcA)unts Iscollanffj Regulabons 2(Th {as amended) rèquirè us to report lo you il. in our opinwJn". the iTTrtormab'on gNen in the finw•l statemgnls 15 irKonsislent in any material respect with the truslee$' rert,. or sufficient and proper a¢¢ounling cOld5 have Tr)1 been kept.. or the financial staternenls are not in agreement ¥rrilh the accounbng record5: or we havo received tho infomialKn exp$ we rwire our audit. R••pon8lbllitSe8 of trust¢es As explained more hJly in Ihe 51atefflent ol trustees. reSponsiblrt, Ihe twstee$ •¢ responsible loi Ihe pieparalion of the financial statements and for bein9 Satisfied that thoy gwe a truè and fair vw, and such inlemal ¢ohlrol as the Irustees delormine 15 necessary Ic enae the Fweparalion ol fmancaal slalemenls that are Iree fiom material misslalemenl, whèther due to fra] 01 erior. In preparig the finanaal 51ateTnents, the truslees are responble for assessing Ihe charity's abih.ly lo COnUe as a goirkJ CCern. disclosry. as applK%blè. Trtter$ relatèd to goitWJ concern and usiig Ihe gory ¢DrKem ba318 of aczounth'ng uS the trustees eithef inler#J to ¢¢as ¢porattr)ns, or have no realistic altematNe but to ¢) $0. Auditorfs responslbllltSes forth• udit of tho financial sLitements INe have been appointed as audrtor under section 144 of Ihe charit$ ArA 20114nd SOCI 44{1llcl of the Charitiès and Trustee Inveslmenl IScollvJ} Act 2Crf)S and ieport in a(toTdance ¥nth the Acts and rdevanl regutIOnS m•Je or having effect thereunder. Our objectives are lo ¢lain feaS4e a$$urm about whether the finanual slalemenls as a whde a free fr material mis5tal8ment, Wheth duè to fraud or èrrtr, and to tssue an art01,$ report that inGludes our oFx'niLx). Reasonable assurance 15 ¥ high levd ol assurance but is not a guarantee that 8n audit exJrKlucted in ac¢ordanc wilh ISAS IVKI will alway5 deted a material mi8Statemenl when it e515. Misstatements can arise from fraud or error and are considered malerk4 rf. indNidualty or Trn thè a9uregate, tY could reasonably L gxpecl&d lo intluence the economic decisions of user$ taken Ihe basis of these financ4al slatemenls. The extent to whh our procedures are capable of dete(a#vJ wreoulantie& inththng frd. is dela¢led bekn¥. The risk of matwial mi55taterrwl due to error or has bee 05sessed in conjunction how lternal contic4s may mitigate any such risk. These controls are reviewed as part ol the audrt by perfomiing syslems wathroughs lo ensure they are operating efleclively. Qlhef subslanbve t85liry is aso performed on all material balances and Iherefore any instceS of n0rTr-complrae should be Idenlified or cons&knd as inan1. Manual iwmal entr3 are scrutinised by data anatylics 50ftware used as part of the auth"l. The law5 and wula'ons which are iJ)nsideied lo IR SignffanI lo the entity late to he•llh ¥nd safety. t)is¢u$sron¥ are held with managèmènt to delerrnir whelhec any bleaches have oCtud as wel as gaI èxpenditure beg s¢rutinised for any eVthn on non-comFA1an. The audit was EX)nSider capablè of Klenlifyty rrear1i only to extent of the sUbStle lesling perfom)eil and from dis¢ussK)n5 with management A further desuiption of our responsibaities ¢s availatle the Finwiial Rep119 Council's eble al.. https=Il w.fr¢.owg.uklauditorsiesponsibik"ties. This desccipb.on frxms part of our audrtor's report.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) Other matters Your otlenlion is drawn to the tht that the charity has prèpared fmanoal ststements in acL(ydance wth'AcUntin and Reporting by Charrties.. Stalemeni of Re¢nrnended Practirk aWicab 10 charitses preparing their aeeounts w) )rdance wrth the Finanu81 RepOrtg Slandard applicable in lh¢ UK RepvtAiG of Ireland {FRS 1021" la5 amended) in preference to the Attounting and RepcKling by Chants"es." &aièmeni ol Rètommended Practi¢e issued 1 April 2005 wlmch is referred to in Ihe extant regLtlation$ but has now twn withdrawn. Thi5 has been do in Order for Ihe financial $tsierYwrfs lo wobido a and Iw vi8w in ar(A)f(Jance wilh cuffenl Generalty Accepted A¢¢oLmliThJ Practice. U$• of our rgport This report is made srAely lo ts charity's trustees. as a bcxty. in dance wilh part 4 of the Chaiihes IAccovnt$ and Rewrtsl RegulatK)ns 2(X)8 and regulatK)n 10 of Ihe Chamies Accounts Iscodandl Regulab"ons 20ffi. Our audii work ha8 been undertakon $0 1hal lye mwhl 51ale lo the charitls truste¢s Ihosv matters we are requwed to Slate to them in an auditor's feport for no other purpose. To the fulst extÈnl pemittèd by law. we not accepl or as¥Ur re3pon3ibilty to anyone other man chty and tho dwrity's InJ¥lees as a body. for our audit work. for this rep. or lor the opinions we have fotmeil. Mlehaèl T Moran BA FCA Isenlor Statutory Audltot) for and on behalf of Robson Laidlef Accounlants Lknlt•d .1! 2021+ ststutory Audltor Ferrrwood Hwse Fernwood Road Jesmond Newcastle upon Tyne Tyne and ar EnglaTr NE2 1TJ Robson Laidler Accountants Mited is elwiblè for alw"ntnI as auditor of ¢*arity by virtue of its ellgibility for appointment as auditor ol a comparry under section 1212 of the cpanieS Aci 20.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 CutT•nt financial yèar Unrestrlcted Restrlcted fund5 lunds 2023 2023 Total 2023 2022 Incomè and èndowm Donatiorts and lègac Investments Olher income 538.777 &87.304 956,507 1,495.284 687.304 2,883 1,597.189 621.042 Totsl In¢omo 1,228. 956,507 2,185,47f 2.218.231 Ex enditurn on. Raising funds 100.592 405.1L 505,698 476.518 Charitable aCtIlieS 1.437.798 545.580 1.983,358 1.869.273 Total r•soure•s èxpènd 1.538.3 950.666 2.489,056 2.345,791 Nel gainsl(k)ssesl on invesbnerts 492.453 492,4S3 13.084.B65} Mot incomiW(outgoingl rèsoureè$ bèfots transfè 183,027 5.841 188.868 13,212.4251 Gross transfers bets¥een frjnds 5,841 {5.841) Ngt movomont in funds 188.868 188,868 13,212.4251 Fund baL4nces at l Jawary 21J23 30,168,832 30.168,832 33,381,257 Fund balane•s at 31 Do¢gmbpT 2023 30.357.700 30.357.7tx) 30,168,832 statement of financial actiwtigs iThJudes all and k)sses in the yw. Al irKome and expen¢Jiiu derive trom contiNing actiMt*s.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Prior financial year Unrstrl¢tod R•¥trlct•d fvnds funds 21J22 2022 Total 2022 Motes Income and endowments from: Donalions and legaries Investments 804.141 021.042 993,048 1,597.169 621,042 Total Ineon 1.225,183 993,048 2.218.231 nditure on: Raising fijnds 103.285 373,253 476,518 Charitable ath"wts 1.260,257 609,016 1,869.273 Total resources expended 1.363,522 982.269 2,345.791 Net gainslllossesl on inwestmenis 13.064.8651 13.084.865) Net Incomlnglloirtgolngl r*$ouv¢e¥ before transfw5 (3.2232041 10.779 13,212,425) Gro83 transfers between fiJnd5 10.779 (10,7791 Net mo¥•mont In funds 13,212,425) 13,212,425) Fund balances al 1 January 2022 33,381.2S7 33,381,2S7 Fund balances at 31 DKember 2022 30.168,832 30.168.832 10-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) BALANCE SHEET AS AT 31 DECEM8ER 2023 2023 2022 Note¥ FIX Assets Tangible assets Investments 10 11 6.8(M).878 21.81fj,568 6.759.(Y)4 20.442.623 28,617.446 27,201.627 Curr•nt Dèbtors Cash at bank and n hand 12 511.652 I,718.0a 490.603 2.0.53& 2.229.655 3,451,139 Creditorn: amounts falling due within one year 13 1489.401) 1483.9341 Net Gurrpnt i¥¥ets 1,740,254 2,967,205 Total assets lèss current liabilities 30,157.7( 30,168,832 Net asg•ts 30.357.7(KJ 30,168,832 Thè fvnds of the eharity Unrestricted lunds 30.157.7C(J 30,168.832 30.357,7D) 30,168.832 Thè finanoal $talentS were woved by the trnstees C .. 12.-.A.:-.Ao2* Rev S 8olto rru•tg9 11
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY {BRITISH REGION) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash ftows from operats.ng actl¥ltl•# Cash absorbed by operati¢$ 17 1985,5461 {1.111,9091 ¥o$llng acllvttles Purchase ol tangible fixed assets Proceeds from disposal of iaThible fixed assets Purchase ol inveslments Proceeds Irom disposal of inveslm¢nl$ Investment irKome Tec4ivgd (79,388} {25,960) 16.589 (7.653.684) 6.772.192 687.304 {8.740,336> g.577.412 621.042 Nel ca$h (used InVgnernied Irom Inv•sllry activiligs {258.98n 1.432.159 Net ca$h ed In financlng ¢tlvlUes Net IdecreaseVlncre•se In e•¥h •nd c• equSval•nts (1.242.533) 320.2SO Cash and cash equNalents at ttyinning of y 2..536 2.640,286 Cash and e#$h 04ulvahnts at •nd of y•ar 1.718.IYJ3 2,W.538 12-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCIntOng pokles 1.1 Aceountlng ¢OIWgntion The financial slalements have been wepared in acdance with thè tharity's e(nIng d0ml, the Charits Ad 2011, the Charilie5 and Trustee Ir)vesimenl l&x)tlandl Act 20QS. the Ch3rities Ar£ounis {SLollandl RegulanS 20 (as wnended). FRS 102 "The Finanaal Rewting Slandard applicable in the UK and RepuNic of Ireland" fFRS 1021 and Ihe Charrts SORP "AcowntThJ WKI Reporting by Charities. Statement of Recon¥neNled PrarhGe applKai4e lo prepan.ng their accounts in aceord8n¢e wilh Ihe Financial Reportino Standard apKAii%ble in the UK and Republ of Irekand (FRS 1021. lefftiye 1 January 2019}. The charity +$ a Public 8gnefA Enbty as defined by FRS 102. The fvbancial statements are prepared m sterling. whth is the functKJnal of the ¢hafity. Monetary amounls in Ihese financial sialements are rounded to the nearest £. Th& finantyal statements have bew rryweo undw the histoftal eosl convaition. Thg prinopal accoufth.ng polirAes adopted are set out bek)w. 1.2 Going coneèm Thè financial slalemenls hab been ppared on a ¥n9 ba5T5 on the gr(xJnd that curTenl and future sources ol funding Of SUPPOrt wll b8 more Ihan aduatÈ for the chanty's needs. The Trustges have nsidered a period of 12 mcthS Irom the sheel dale and consider no further disdosures relating to the charity's ability to c¥mlmue as a gotng concem reed lo te made. 1.3 Charltable funds Unrestricted fijnds are avaiL2ble for Ltse al the disfftiiiM of the trusle05 in furthèrancè ol thr tharitabla objectives. Restricted funds are subject lo speofic cOnd.0nS by donois ty gtorS as to how they may be used. The Kwrposes and uses of the restricted lurmds are set wt in Ihe notes lo the finanual 5tatement5. Endowmenl funds wbierA to SFeofr con(liti"Ms by dc15 thal the capital mwnlained by Ihe charity. 1A Incom• l income is rO¢ogne£l li the Ststernenl of Finan¢¥al ACtItieS On Ihe chanty ha$ entstlernent lo the nds. it is probable Ihal Ihe M)¢ome will be rrnd K$Unt be measurJ reh"abty. lol(Mng wlicies apply lo the SpeThI income slreams.. 11 Donatmins are recognised when the Tntst has been notified in writing ol both amwnt and settlement datè. 21 Legacies are recognised on a case by case basis folkM*)g the granting of probate when the administrator for the estate has CommUnated in wnling Lx)Ih the amount arwj the settlement date. 31 Interesl on funds hekj on deposit FS included wn receivable and the amount Can be measw&J Telty. 41 th'vidends af¥ rno)gnised once the has been dedarei1 a1 notifn has been received ol the dmdend d. 1.5 Expenditure Lisbilities arg rocognis8d as expendrtwe as S{ as Ihere is a ltyal crf cOnstrtiVe 0tIOn commitling the charity lo that expenditure. il is probable that a translei of eConcrfn benefits wll be requiced m settlemenl and the amount ol Ihe obligalion can be measured reliaL4y. ExpendrtUFe 15 ac£ounled on ari accwals basis and has been da5sified under headings U)at aggreg21È al cosi rdaled lo the category. ere costs ¢annol be direclty atlribjted lo partKur hewj.ngs they been aVAxated to acim.knes on a ba$ ¢fX)sistenl with the use of resowces. 13-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 AG¢ountlng polO¢ies Icontlnuedl 1.6 T•ngrble Ilxgd a$•ts Tang1blè fixed assets are irtibalty nwwred ¥t eosi sthequenty mgagjred at cosf crf valuat40n, nel of deprerAalion and any impaThent105se5. t)epreewliort is ¢(jA1$ed 50 as to wnte off th8 $1 ry v4ualw)n ol assets less thew respknl walues over Ihei usefvl lives the frJHthbing base5: Freehold land and bthhling$ Fixlures and filtirrfjs Motor vehKtes not PlQVKled 2A slraKJhl kne 25% slraKJhl Ine The gain tr1053 aris¥ig on the disposal ol an assel ss delemined as thè drfferer bettn Ihe sale proceeds and the carrying value ol the asset, and is recognised in the slalem¢nl of financol aelNilies. 1.7 Flx•d asset Investrn•nts Fixed asset investnt$ are Initial trasurvJ at tran5adK)n pl exthjding Iran5aLIion c0515. aj are subsequenlty measur8<1 at lair value al each report¥ dale. Chws in l¥tr vak are e0niSed in net in¢omel(expendrturel lor the year. Transaction S15 are expensed a5 Incurred. 1.8 ImpaTrnni ol flxèd assèts Property. FAanl and equwenl a revieO l¢y 1ftwnt rf e1$ or chanues in C4f¢JJmstances ind4cale th81 the carrying amunl tsf sueh a55els may nol te recoverable. If there 15 an indication of p05Sit4e impaimienl, the iecoverable amunl ol any affected asset is eslimaled ccmpared aganst its Ca'n9 amount. Vthere the estimated reco¥efab18 amounl is knwef, an Imrn Ioss is feciyJnised immedidy in the Ststemenl of Financial ACtIties. 1.9 Ca$h ond ca$h equivalents Cash and cash equiva15 in¢bJ(le i? hand. dpFO8it5 held at call with banks. other 5hort-lerm l]uid investmènts with origbial maiuritiés ol three months or less, and bank ohErdrafts. Bank overdrafts are shown ithill bcrfwiJwng& in currenl lith'libe5. 1.10 Taxation The tharily is exE¥npl frLxn tax on ts (avilable aGbvrties. 1.11 Retirement bener The charity operates a defined Contribu1 scheme. c1["0nS payab$8 lo the charily's pension scheme are charged lo the Slalemenl of FinarKral AcaMIS in Ihe period lo whth they relate. 1.12 Short term d•btor5 and cr•ditors Debtors and creditors with no int8st re whKh are wivatyle or payatAe in one year are reuyded at transactK4) price. Any loss arisry from wy1mfil arts r1j ¥n1T"418lY n th8 &atwIt ol Financ4al Activitie5. 1.13 Invè•tmè• Quoted inveslmèrts alè slatèd the fiftanoal ststemenls at ththr martet value on the baLgnce sheet dale. Markel vahje represents the MWmaet vahje Pri of quoted investmen15 on Ihe relevant day. The resLthing unrealised surplus or deficil is tyediled or dEbrted 19 the Statement of Finan¢ial Actiwties. 14_
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donations and legacles Unrn$trkt•d R•¥tricl•d funds funds Total Unrnsirict•d R•strictqd nds ds Totsl 2023 2023 2023 2022 2022 2022 Donations and gfts Legaues recBiYabl8 Masses saKI Salaiie5. stipends & ponsion$ 114.920 77.502 97.429 942.639 13.86B 1.057.559 91.370 97,429 150.974 94.276 135.571 991.284 1,142.258 96.0 135.571 248.926 248, 223.320 53B.7TT 956.9)7 1,495.284 &)4.141 993.048 1,597,189 R•i$ing funds Unostrltted Restrfcled funds lund> Total Unrestrict8J Restri¢Xed funds funds Totsl 2023 2023 2023 2¢f22 F ndr3i&n Personal and exlernal boarding alk>wancÈs Promotional costs atKI awals Office rA)sls Sunddes Travel an¥J motor $ts Staff costs DeprerAation and impaim*nl 40,200 40.2 39,750 39,750 9.591 88.278 97.869 4,580 4,032 32.438 227,089 8.575 101,6 26,283 5,013 36.339 147.325 11 D,265 26,283 6.163 36.339 147.325 3T5 3.657 32.438 227,089 16.853 16.853 Fundra19 and PUbl1ty 405.1 415.OT2 9,T25 373.253 382.978 nv mana me 9D.626 93.540 93,540 100.592 405.1¢ 505.698 103,265 373,253 476,518 15-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expèndltum on ch•rltabl• a¢tlvllles Charitable a¢tlvlti09 2023 Charitablè •¢t¢vitie¥ 2022 Direct costs Staff eoSt$ Rent and rates Insurance ghl and heat Telephone. postage and stalbrny 656.279 37.882 18,674 124.611 12.606 536,861 41,833 17,000 83.129 9.134 k- li RewTr aThJ fflaintenar SUIries Retiiemenl costs Chapel 8xpense$ Househokj cost$ Motor arxl ttavel Medical expenses Personal allowances Rlonal èxtÈmal allow*¢XS Contributions to GeneiaL8le Overseas alowan¢e5 87,458 32.195 143,700 2,156 122.265 26.502 13.529 35 41MJ 20,430 508,360 37.200 48.183 29.836 157.412 1,805 105,314 19.594 19.005 36.450 23.655 571.816 37.2(M) 1,85g.245 1.738.247 Shar• ol support and gov•rnanc• cosls (See 51 port 124.113 131,026 1.983.358 1.869,273 Anaty858 by fund Unreslri¢ied lunds ReslrKted lunds 1.437.798 545, 1.260.257 609.016 1.983.358 1,869.273 16-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support co$ts allocatsd to a¢thiii•s 2023 2022 Staff u)sts t)Éprethati Telephone Poslage aj slalKJr Subscriptions Sundries Motor. trav81 and m8ebrq costs Prolessional costs Audrt lees Bank charge 39.621 14.944 1.291 13,031 18,358 8,087 5,586 11.852 8,520 4,829 Y).597 7,392 933 10.264 9.882 28.171 3.489 26.957 8,520 4.821 124.113 131,026 Anatysed behfoen: Chaiitable acth'vilies 124.113 131.026 Net movement fvnds 2023 2022 The net movement n funds i8 Sted aflei ¢harpyl((xEdrtiThJ): Oeweciatic of tangible frxed assets Profil on disposal of tarKJ1b fvKtrd assets 23.808 (2.883> 24.245 Trustses Nono of Ihg Iru3lees (or any per3cms CCted wilh Iheml foceNed any relraratIon benelits from the charity durirvJ the year. During the year the Truslees received INing boarding allow¢05 totaling £18,650 12022. £15.6WI. In addition. in ¢he current and prevws year charity "d (rtain travel and medtsl expenses on )ehaWol the Trustees ad prowded Ihe Truslees wrth the use ol a vehide and living ac£ommodaUon. Ml these 0151s were in relatw to the Twustees duties as missH)naries rathef Ihan in rd4lw lo Ihew (knies as a Tntslee. Employ•o The average Month of ernoYeeS during year was: 2023 Number 2022 Mumber Admini5trativ8 and fundraising Domesljc, deaning and ¢alerirKJ 27 28 Tclal 33 17-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employ••s Icontlnuedl EMplont costs 2023 2022 WA9es and Salaries Social secunty costs Other ren¥on costs 8XJ.920 59.378 12.691 653,053 50.260 11.49) 922.989 714.803 The Ttee9 ¢(sle[ that no key r¥c4v¥ed remural)n in ether the ojrrent or Previous year. There were no employees whos¢ #nlwl remw)Bralion was more than £80.000. T•x¥tlon The tharity is exempt trom taxalion on its actwihes beuSe 41 11$ Mig)me 1$ •ppW lor tharilthe purposes. ID Tangible fixed assets FNehold land Fi¥tum) and nd bulldl Iblot hkl• Tot Cost At 1 January 2023 Addrtions Dispos8ls 6.n4.¥dl 15.584 9.238 227,324 6,967.B29 70,152 79.388 120.5SOI I20.0) Al 31 Datser 2023 6.724,921 24.820 276,916 7,026,657 Dopr•ciation and impairment At 1 January 2023 Depreoation d)arged in the year Eliminated in respect of dispos* 6,791 202,033 17,603 16.853) 208.824 23,808 16,8531 Ai 31 Oecernbpr 2023 12. 212.783 225.TT9 Carrylrhg amtsunt Al 31 December 2Q23 6,724,921 11,824 64,133 6,800,878 At 31 December 2022 6.724.921 8.792 25.291 6,759,(X54 18-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IBRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) R)R THE YEAR ENDED 31 DECEMBER 2023 11 Flxed a$6et investments Llstod investments Cost or valuatlon Al l January 2023 Additions ValualK)n ¢h8nges Disposals 20.442.623 7.653.684 451.972 16.731,711} At 31 Dec£mber 2023 21.816,568 C#nylng #mount At 31 December 2023 21,816.568 At 31 De¢¢mbor 2022 20,442.823 12 Debtorn 2023 2022 Afflounts fall•ng due withln on• year: Trade debt(ys Olher debtors Pr¢paymert$ 8NJ accrued Ioe 491.733 18.819 1.100 469.337 14,671 511.652 490,f13 13 Credltor5: amounts fallln9 dtM ¥Athln on• y••r 2023 2022 Other taxation sc¢ial securty Trade credrtors other uedilors Accruals and deferred wKomè 12,303 438,665 35.433 10.382 406.001 64.551 3.(NJO 489.401 483,934 19-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Restrithd fund The restrKted funds of Ihe tharty comprise the LTrnexpended b8larvs ol don8tion$ and giants lld on Iruat subject to spwfi¢ ¢wdihons by donoF5 a5 lo they may be used. Movement in funds Bth• * kncomlng R•%ourt•s 1 January 2023 Mourt•& xpwndgd 8alan¢•at JI Dtc4mb•t 2023 APF FWKI 956.507 1950,6661 15.8411 APF Fund This ftsnd cc4isists of lurKls for work (xAlecled for WKI on behaf of the Charity for St JoseFth'B Mi55ion&ry Sooety IGerberalate), Transfers fnyn ttms lund repfesenl a&thth)nal contn'but)ns lowwd the cosls ol Ihe ratiremenl 1S 01ted fund¥ The unreslrided funds of the chaiity coryMise the Lxpended bal)ces of (knnaIn$ and grants whieh are not subjecl lo specafFc ditIOnS by donots and granto[5 a5 to how they may be used. These include de&gnat8d funds which havè beèn set aside out of UnrèStrèd fijnds by the trustee5 ft)r specifi¢ purposas. See the breakdoyén ol the Designaled fimwjs bekn¥.' Movement in funds B4l•nc••t R•sourc•s Trnn$l•Tr G•ln¥ B¥¢• It 10ts4$ 310o¢wnb•r 2D13 Retirement fund Capital fund 16.863.642 6.724.921 741,805 1226.1311 1866.408 430,225 16,943.133 6,724.921 23,588.563 741.805 (226,1311 {866.408) 430.225 23,668,054 Capital fund This represents the value Dfthe S1e5 land aThl buty. Retirement fund This represents mon$ set 8svJe lo Tetirwwrt t515 for membef5 tKAh at Hert)ert F*Ju5e. the ietiremenl home. and those in residenee. Unr•strfctèd funds The lotsl UnreSlrted Fund$ of the ¢hartty we £30.357,7W12022." £J).168,832). Thi5 total is comprised of the £23.e68,054 12022.. £23.$88.5631 Dewted funds thal are shown above £6,689.64612022'. £6,5802691 ol Genera unreslwthd lurvts.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Rèlatèd party tran8acllons Tran8•etion¥ with related parlie> During the year the charity entered nto the fokning trtiOnS with related parts. tring the year the cfwity pa¥1 £508.860 (2022.. £571.8161 in donatv)ns lo supp(ffl Ihe Charity for St Joseph's MISon8ry Society (Generaatel MISon acb"wties_ At the year end. [283.730 12022. £334.8841 is included wilhsn iyedilors reLaling to an¥)unts owed lo Charrty lor St Joseph's Missionary SoCty (Generalatel. ARhough thè British RegK)n and GenefaL3tè do not share any ttjmmon Trustees. Ihey do work dosely wrth each clher and ale deem¢d to be rdaled partm l(¥ ¢thsraor4Jre purF)ses. 17 Cash g•n•ratod from op•rdtlons 2023 2022 Suipluslldefiatl fcrf Ihe y&¥ 188.868 13.212.425) A4"ustmenl$ for.. Investment incomè reiwnised in State1TnI of finaw4 ibit*s Gain on disposal of tsngible fryed assets Gain on disp)sal of i)¥eslments Fair value gains and k)sses on inveslments DewecHtion and impairment of laiwe fixed asse1$ 687,304} 12,8831 14Q,4811 1451,9721 23,808 1621.042) 3.084.865 24.245 Movemènts in working eapital= (Increase} debtor5 Increaselldecreasel in tye(litord 121.049) 5.467 {169,0081 1218.5441 Ch ab¥orbed by operations {985.546) (1,111.9091 21-