(al kDDwrt * ladies of the Grail) known Iadiu ofthe Grnl)
{8lso known a9 14dl# of ¢b¢ Gr4ll) LEGAL AND ADMINISTRAIIVE INFORMATIOY4 AS AT 31ST DECEMBER 2022 STATUS: The Society is an unin¢orpor4ted ¢h4Tity. re8iSttrvJ with the Charity CoJnmi&uo under number 221076. The ¢hwity is registered a$'Sl&Y of the Women of Naz4reth', and 15 also known as lAdI of the Grail. TRUSTEES: Christin¢ Bats (appoirttAI 6 PAarth 2023) Philippa Garety Mary Grasar {resiBn¢d 6 March 2023) Philip Yllar ary luvy Moirth I*i8h Sarah O'Grady REGERD OFFICE: The'Hennita8e Cheriton Road Winchester S022 5HW HSBC Bank Pl¢ 2 Love Lane Pinrter ddlesex HA5 3EG INDEPENDENT EXAMXNTRS: Haysmacintyre Chartered Acccrtmtants 26 Red Lion Square London WCIR4AG ¥VESTMENT ADVISERS: Epworth Investment Management L. 9 Bonhill Street London EC2A 4PE INVLSTMENT POWERS: The Tn Deed places no limitstions on the Tn¥t$. powers of investment
SOCIETY OF THE WOMEN OF NAZARETh {a]80 4$ 14diu of the Gril) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 The trusiees present their report and fin¥n¢ial 51aiements for the ye4r ended 31 Dttember 2022. The trustees consider th an audit is not rqUir for thi$ yw(under Section 144 (2) of the Charities Act 2011 and that an indqjendent examination 1$ required. STRucfuRL GOVERNANCE AND MANAGEMENT Governlng The Society 1$ governed by Trus¢ Deeds dated 24 O¢tobw 1962, 20 September 1968 and 12 November 2018 ¢ollstitution and rulas r•8iStered with the Chority Commi$Jion (Number 221076). OT8niiAtI• The Trust is by the board of tru8te4 which m¢ets wularly and tAkes all de£ision¥ relating to poli mitter& Tllee9 The tru$teu who servthl durin8 thè y¢tr are s¢t wl,on th¢ thuity infomation PAgt at the fmnt of thtte 8¢xounts. The ¢rustee8 ore responsible for the athnintstration and investhient policy of the ¢haTity. The nurnber and PertI% of members is kept under Cn$t•At revi¢w and it will be noted thit addition trustees w¢re.appoiMed e4rly in 2021 in order to facililate CCs1oA plannin8 and maintaÉn our 5killy. Publ1¢ Benent The Tnte¢S that thty have 8iven du¢ nSIderatiOn the Charity ComMi10Th'S 8uidanct on public be11. These r¢quir¢ments are addrejsed in thi$ report. The Tru8t DeeA yp¢cifies the objectsof th chtirity to b¢"the advan¢ern¢nt of kny chwitable work forthetimobein8canied on by or under the dire¢¢ion of the Grail by such Iaweul ¢haritable means as th¢ truste¢s Ihink fit" "kn a Society weare awwe of G(xl's pre8en¢• around usin livinBcre4ti0n. in tach otherond 411 we m¢¢t. WeCoMmItted to tharing our Christian inBpiration and values in ond for the world today". Durin8 2022 we have w(preJsrAI this purpose in a number of WAYI. • An addition81 sum was weed and plid to gUPPOrt thè initi4tive of a local worshipping community in improvin8 and u(pandin8 their facilities in order that they may be better able to 8erve the local mMunIty. • The cond InStment of a 8ranc payable in three annuat inJtalrn¢nt4 to • wup explorinB inno1ve wty$ of r¢spondin8 to the spiritual need$ of oiderptsjple asth¢y geek tobuild onthe Pro¢¥$•d¢ prevIJ51Y in producin8 An infornjation pack was delayed due to the internipli(ffl in their plans to appoint a L4y Chaplain for Older People due to limitationg imposed by Covid- 19. • A wt made to o mmunity sponsorship 8rwp in the south of Eand a8 thty s¢¢K in coniunrfion with the Home Office to we]¢x)me a refu8ee family into their nei8hbourhood. + A donation wa¥ 8ranled to a night shelter proie¢t to assisi with neces$0ry wuipmeni heatinB and rAterin8. '+ Support was provided towards the livin8 costs of a vdunteer worktng in èn orphona8e in the Lebanon. • Money was provided to a trginin8 institute in U8and4 for computer lab equipment and networkin8. The instibjte i15UStainable fortheiroperntin8 cost$ bu¢ werefindin8ltni8h on impossible tocontinuethoirtriinin8proBrgmmes As well os med their mission and objective of empowerinB the dis&dvanta8ed and vulnerAble 8roupi in their gociety with their existin8equipment- esPid1Y as COVID- 19 meant 011 trainin8 had to be virtual. + R¢gular contributions to the Win¢he$ter Food Bank. + ProvidinB ruidential 'bTeth' for individuatB under stress. + Continuin8 the dialobwe with our sister ¢lwity, The Grail Society (Waxwell) UK. on a di8cernment proce55 to examine the way fon¥8xd for the Grail mov¢meni in this country.
SOCIKTY OF THE WOMEN OF NAZARETH (also knovrn as Ladles of tbe Gril) REPORT OF THE TRUSTEES {colltlnued) FOR THE YEAR ENDED 31ST DEcE[BER 2022 FINANCL4L REVIEW The statement of finen¢ial 4¢tivities on pa8e 7 shows a 51iBht de¢rea5e in income from £235.$96 to £201,623. Expertdittwe increased to £408.684 from £262,680 due to increased costs in support of the Charity'$ Ministries. Thi$ relled in a n deficAt of £207,061 in 2022 (2021 net deficit £27.084). Inve4tment power policy and performanee In a¢wrdanc¢ with the tru8t deed. the Steel h&ve powv to invest in #ock4 ¥hareJ and invlstrnents ond propety ay thry see fit. One of the 18]deratiOnS of the hi¢e$ tn tho appointment of Epworth Investment Mana8ement was their ¢thi¢al investment mission which promises.. to fdlow a distipline in which the ethicd dimenston is an Inte&1 part of all investment decisions construct the invejtrnenl porfolios conyistsnt with the moral stance and teachin8s of the Chriy¢ian faith lo Urnse strategic thinkin8 on the ¢thi¢8 of irtveitment to be i Christian witne8$ in the Investrn¢nt eAmimunity Since l October 2013 th¢ mandate ha8 beon one of diKretionary mon&Bement and the trustees review the portfolio with r¢feren¢¢ to be#poke b¢Th¢h markj. The board are plannin8 10 meet with Epworth ]nve5tments in 2023 to refreth the advi givert at the swt of their discretionary rdationthip with thern, review PTowe85 and cnSider fvture plans. During 2020 th¢ tnlee8 transfetted a subswIti element of their inYeBtments into A newly esthblished fund divested from fojiil fuel& Th¢ trustee8 are sAtisfied with the p¢rfornWl of the investments in the ye•r. ReJerveJ poll¢y The wci¢ty ha8 dui8oat&4 I[d6 for welfar• and lon84¢rn1 mlin1¢nan. Detail$ of the Can be found in nots 8 to the cLxwnts, The wdfare fvnds provide for th¢ lon84erni (are ond Support of the membet8 of the community. The trustees have cS1dered the level of provision tAkin8 into awcwnt the numbv. age profile and gthte of heaith of the members and keep under con$tAnt reviw the sums required to meet their needs. Lon8-terni maintenme¢ sets AJide hjndy to cover lar8e mainnance expendire of A non-routin¢ natttrt. It 1$ th¢ policy of the SIety to maintain unrestricted funds, which are the fre¢ regerves of the g0¢i¢ty, at i levd, which providey for the d•y-to4ay a¢tivitieJ of the g0¢iety. Th¢ undoBignated balance of the unre8trict&l fvnds (ts¢ludin8 Tan8ible FIX Assets) represents Approximately S yews of annual expendittwe. The trustee& believe that 8iYen the pxonomic dittMte and their wTheDt ¢¥)osideration of how be8t to further the SIety's mi8sion.in and to the world, this Is an appropriate level of free reserves to rthin for the purpofje8 out above unts the heIn8 dObjeAivw and Aotivitiu. Rtsk mthnagtment The trusleeg ¢ontirtue to assess on a re8ular basis the risks to which the charity is exposed. They gre sfyti8fi¢d that the sy#ems in place are aduate to mitigate our exposure to major risks. A risk re8iSter 1$ in plBce gnd is reviewed reOrtY 01 their meetin8s. TThJtees' rupoMilblll¢ies In relAtlon to the lkn&nelal •tAtemMts The Trusteey are responsible for preparing the fin8ncia] sthtunents in acwdan¢e wtth the appli*1¢ law and Unittd Kingdom A¢LYwndn8 Standarth (unit Kin8dorn Genernlly Ac£ept&l Accountin81)racti&).
SOCIETY OF THE WOMEN OF NAZARETH (also known as ladies of the Grail) REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 The law applicthleto¢harities irtEngl8nd and Wales requ1restheTnteeS to preparefinan¢ia] ststements foreach finan¢ial year. which Bive a true and fair vR¢w of the S¢ate of affsirs at the Charity and of the incomin8 resources 8nd'appli¢atton of rerI of the Chgrity forth&t period. In preparin& those financi81 ststements the trustees are rwiired to.. selert suitable a¢¢ountsn8 policie$ 4rtd then apply th¢m eonsi8trntiy' ob8erve the meth(xls and prineiples of the Charities SORP. make judgements end estimates that are reasonable and prudenL state whether applicable accountin8 5tsndards have beeTh followul thj'ect to any material departures di3closed and explainol in the fin8ncia] ststementy and prepare the finan¢ial staternents on 4 8oingc4)rt¢ern basisunie5S it is inappropriate to prewme thatthecharity will continue in business. Trn8teeg' re4pottsibilities in relation ¢0 the finAncial ststemellts (eontlnued) The trusiees aTr re8ponsible for kwin8 prqjer a¢Klltin8 rwds whi¢h dis¢108e with reasonable a¢awacy'kt llny timo the financial position of the Chthity attd io enable them to engjre that the financiai statements Comply with the Charitiei Act 2011, the Charlty (Accounts wjd reports) Regulations 2LYJ8 and with the Trust Deed8 dated 24 October 1962 2nd 20 September 1968. They are 4180 responsible for Safeding the assets of the charity and hertce for tsking reasonable steps for the prevention ond deteaion of ftaud and otherirregulgriiies. For and behalf.of . TRUSTEES OF THE SOCIETY OF IHE WOMEN OF NAZARETH P A HayllAr Trustee Moira lei8h
SOCIETY OF THE WOMEN OF NAZAR (algo knowll 95 14dles of the Grnil) ¥DEPENDENT EXAMINERIS REPORT TO ThE TRUSTEES OF SOCIETY OF THE WOMEN OF NAZARETh I report tothe True¢S on my examinatton of the a¢¢nts of The SIety of The Women Of Nazareth (the Charity) f the year ended 31 December 2022. Responslbilities And hsls of report As the Charity Trustw of the Charity you are responsible for thepreparation of theaccCIts in awdaDce with the requirements of the Charities A¢t 2011 ('the Act,). I report in respect of my ex1ndl10n of the Charity's ac¢ounts ¢UTied out uoder se10Th 145 of the 2011. Art and in carryin8 Out my exarnination I have followed all the applicable Directions 8iven by the Charity Comrni88ion under 8ection 143(5Xb) of the Act. Independent examlnff'i $tstneot I have completed my examination. I confinn that no matorial mattm hav¢ Come to my atieDtion in comieaion with the examinauon 8ivin8 me to believe that in any rnmtaial respect.. l. arKountin8 rewrd8 were not kept in respe¢t ofthe Trust as wuired by 8eKtiort 130 of the A¢. or 2. Ihe a¢UnIS do ALwrd with th08e records: or 3, the accounts do not wmply with the appliuble rquirements concernin8 the fom and Content of acuwnts 8et out in the Charitiey (Ac¢ounts and Report5) Re8ul8tsons 2008 other than any requirement that the aco)unt8 8iV• i'tn hir view whi¢h is not a matter conBidered as part of an iftdependent examination. I h&ve no ¢on¢erns and have wme across no other mitters in ¢onne¢tion with the ¢x•mination to whi¢h Attention th¢)uld be drawn in thi8 report in ¢xder to enable a prnw under8tandin8 of the accounts to be reathed. Adam Halsey FCA DChA Hay¥rna¢intyre LLP 10 Queen Street Plac¢ London EG4R IAO Dat¢.. 4 September 2023
SOCIETY OF THE WOMEN OF NAZARETH (8150 Ilnown 9$ L¥dl¢s of the Grall) STATEMKNf OF FINANCIAL ACTIVITIES (TncoryorlI8 Ibe Ineome expeDdlthre J¢count) FOR THE YEARENDED31 DECEMBER2022 Totsl Unrestrlcted Funds 2022 Totsl Uknrestrl¢trd 2021 Notes INCOME FROM DDlltlons and leg4de8 44.469 83J95 R•yAllles 12,746 37,92211 Charltable a¢llvldes Conferences and fees Divid¢ttds inlercst 144.408 144279 TOTAL INCOME 2Ql.623 235 J96 EXPENDITURE ON aedvldes - Support of the Chariiy's Mini%tets Books and pubJiratlDDS 408,684 262,680 TOTAL EXPENDITURE 408.684 262,680 I¥ET INCOME IEXPENDITURE) BEFORE GAINSI(LOSSES) ON INVEgfMEls {207.0611 (27.0841 UDtEaltsed Ilo&ses) gaiD5 on investments assels 645 84 545171 NET MOVEMENf IN FUNDS {852J45) 518,087 FUNDS BROUGHT FORWARD 7 064,831 6546 744 £6 12.486 £7.064.831 The Stai¢m¢ntof Fiti&ncialActtvitres in¢deS all g8in5 and ]055es in th¢y¢8rand theItfoa 5tatementoftotsltttoed gllins and loss¢s has not been pPared. All of th¢ abovc amounts relate th contittuing activiti& The ac¢omp&nyin8notes fomi part of these accoun[5.
SOCIETY OF THE WOMEN OF NAZARETH (als• •$ Ladlei of the Groll) BALANCE SHEET S AT 31 DECEMBER 2022 2922 2021 FIXED ASSETS Tan1£ fryed assets Invcstm¢nts 120554 3J92J51 2205,670 6.097.405 6579.730 D¢btot5 Cash ai b4Dk, buiidingsoctw thnd hand 2J49 188650 190999 1502 514751 516253 CREDITOPS: due Mithlm oDe ytxr 31.152 115.081 485.lfjl 6212.486 7.064,83 1 UNREsfRicfED DeSiated et ¢h•rit#bk futsds 1941.716 4370.770 2.176.673 4J88.158 6212.486 7.064831 The fmaneial &tements 4r ippmved and tuthoiised forityA¢ by the Boanl OrTne¢S0O and Si1¢d bcEow on its b¢haWby: P A Hayllar Tm5t¢ts Mo1 L¢ Trnst¢¢ Trustee Th¢a¢¢omplnyukgllo fomi pan of these 2ccount&
SOCIETY OF THE WOMEN OF NAZARETH (•lso known AS Ladles ol th¢ Crall) NOTES TO THE FJNAIYCIAL STATEMENrs FOR THE YEAR EiYDED 31 DECEMBER 2022 I. ACCOUPING POLICIES Thc principal accountilJ8po]ici¢s adopl¢d.jud8crncntsandkey %mrccs of cs1imBtioDuncert4inty in theprcparalionofthc fwan¢ialstatements as follows.. Badi •( pr¢p&rdo The fmanciol ilal¢m¢nis hav¢ been pffpad in oc¢olllan¢¢wiih A¢¢oun¢ing and Reporting by Charilies: Sthtemeni of Recommended Praclice applicable to cb8rilies prepaiing their accounts tn accordance with ihe Financial RepoititiB Stsndard app&b]ein th¢ UK andR¢pubk of Jreiand (FRS 102)- (Charitics SORP (FRS 102)), thc Financial Rcportin8 Sndard applic&bl¢ ID th¢ UKand Republt¢ oflreland (FRS 102). The eh•riiy meets the defmition of a pubti¢ benefiteniiiy underFRS 102. Asset5 and knbthftes are ini¢iAlly recogni¥ed at hiitoiiul cost or tr4K8lCtion v&hJ¢ )e$S otheThvi5e 5tatDd in th¢ Tcl¢van¢ &¢coun¢u)gpolicy noÈe(s PrepArdon of nTrin¢l•l s¢a¢ements golng coneorTh b1 The Trnstees consider there are no m4tcri81 urtcertaintses about the Cbariiy'8 abtlity to con¢inuc as a going concern. Th¢ review ofihe fmancwl position, re6erv¢s ve16 and fuiuff pl&rt$ BiV¢$ TNst¢¢8 ConfenCe the Charity mI$ 4 pln8 concern forth¢ for¢*coblc fulure. Income All ui¢om¢ is includ¢d in the 8tAtem¢nt of fin&nci&l activities wh¢n th¢ Chiiity is cntiiled to the in¢om¢, li probthbk tht income wtll bè tec¢iv¢d End lh¢ 4mouni can b¢ quarttifd wilh ffu8onabte 8ccuracy. The followlng spe¢ifK polKie8 are applid to part1¢UJar£eyi1c$ of lli¢ome.' DDH4tion¥ and legoel DonattOllBind l¢gACiCS reco1&¢d when Yeceivable or wh¢n lh¢ Charity becom¢1 lcylty ¢nlitlcd to them Re¢¢ipts of PfDp¢ty, inve8tm•nts or0thcr ID kind llleded at MI¢t vukne a¢ the time of Tr¢eipt. Eip¢lldlmr• Charitabl¢upendiiureconsÉus ofall Exp¢ndiluJrdurcity rel&itiJg 10 th¢objeCorth¢ Chaiity. Certain centsalcosls which cattnot b¢ dwectty apporttyjncd aUo¢Ated between chBIitabl¢ ¢xp¢nditure And Covemin¢¢ costs on the basi8 of ihe TnJstees' e8tuna¢¢ of ihe tllnc spent on th¢ relevont funetions. FundJaisin8 andpublicity co$ ¢ompThe prdI¢ll1nCUThcd bythe Charity in Hppealtiigfor donationsand iti enhancll th¢ Chaitiyl pub ima8e. Governance costs iticlud¢ ¢xp¢ndilure on compbanre wilh ¢on$(ILUtional and siliutory rtquiremenL& TanbIl nxed •iieth The fLxcd 488¢ts owned by the Charity w¢re vI¢d ai cost. DepreciptiOD 15 providedatthefoUowin8 annualrntes¢owiiie off eacFL8SSet to is eXpeCted61dU&1v4iCoVC1 its expt¢tcd useful life- Not dcpreciated BuiMing4 Not dcprcciated Fumilure, futuRs and equwment Ai rales belween l 0% atsd 20% on Wri¢i¢n dowi value Motor vehiclcs At 25% on 1¢ dowth vaJur5 Addrfions to ass¢ti costin8 less than £2000 wriiien off in thc year.
SOCIETY OF THE WOMEN OF NAZARETH (41so knovm asLadlts of th¢ Gr•ll) PIOTES TO THE FINANCIAL ATEmENTs {¢oDdnu¢d) FOR THE YEAR EIYDED 31 DECEMBER 2022 I. ACCOUNfllYG POLICIES InveBlmeJ IDv¢5¢m¢nts aT¢ a forni of basic fmanGi&I instniments and are iDi(ialty shown in the fjttan¢ial 8tat¢m¢nts atma¢t¥&kn Movem¢nts in th¢ Maet vatsesof investmettt$&rt thown asllnr¢a¢d yins and 10ss¢s in th¢ Statem¢llt of Finan¢BI Aciivities. Pmfrts and I0S on the rt#li4tu)tt of tDvesiments are shovjn as Ra]i5ed gatDS and losses in the &atement of FinattcAI Activitte5. Rea]i5ed gaitLS and 105ses on investments are caku]atEd betwen satcs pmcecds a#d ther opening ca1n8 vabJ¢s ortheir put¢has¢vah¢if acquId subscquentto the fnt dayofthe fanCialy¢r. Unrea]i6ed gains andlo&8es are calculated as the differ¢n¢¢between the fair vakne at th¢ yearend and th¢it¢aryiDgvahJe. ReaJi8ed andunrtaliscd hives anent gains and losses are combiDed in the Statemeni of FffiryaocD8lA¢tivni¢& Trdde and otherdebtots recoLSe 8t the settlEmeDt amottnt due. PrepymeDtsaR v&lued at the amount prepaid. Cqsh at b8thk ID batsd Casb ai bank and Cash hand includes cash &nd short temi bithty tiqu#l investments. Credlt•r8 and permlssions CteditOf5 and provision5 are rEco8Dised vAle the Charity has a psent Obbli0n Nultthig fTom a pÈst eveni that 11 pmbabty ftsult yn th¢ tsansferof fwids to a third party aiid the amount duc to settle thc obbBatwn catt be measurrd or estimaied Jrliabty. Cttditots and proyiqions are normatty rcco8llls al thcir s¢ttkm¢nt amount. Fullds UnTtstricted and des1ted funds are avallable for us¢ Jt th¢ di5UVtion of the TNstees in furthernnce of the geDeTrl obje¢tiv¢ of ¢h¢ Charity- The pUOSe and use of the designated fvnds is Set out in th¢ note5 to the fmancial stat¢m¢nts. E8llmales *nd Jlldgtments EstDnat¢$ and jlld8emcnts atc CDDtinually ¢valuat¢d atsd are bascd on historical experien¢e and other factots. including expectationsof futurecvcfttsthèia betieved lobe8$08bIendert¢CIreumS1lntts.Akhollgtstbesee$tJMteS8TCblI on theTNBtccg best knowlcd8e ofth¢amouttt,ev¢n¢$oraction4actuaIs ultimatety differftDm thex¢5¢imat¢s. The Tn¢8 do not WDStd¢r thereto be any estitllates and judg¢ffj¢nr8. FIMn¢lal Instrumty The Charity onty h45 fmancial assets Ind fmancial liabthiies of a kind that qualify a8basTc fmatscial iDstsuments. Basie fmancialinstNmcnl& iticknding ¢r4d¢8nd 0th¢rdebtoalld¢[edito1S ateinitialty r¢¢ogttis¢d attransactiODvaknaNI subsequettttym¢asur¢d&LtheirstterneTrLv1lUe.Tht portfolio of invesunenishetd bythe Chaiityi% tncluded atfarvttlue. 10
SOCIETY OF THE WOMEN OF NAZARETH (also Itnova As Ladltt of the Grall) NOTLS TOTHE FINANCIAL ATEMENfS (comdw41) FOR THE YEAR ENDED 31 DECEMBER 2022 2 EXPEf4DrruRE 2022 Totsl 2021 Totsl Ikwedll• Chafitabk expettdititie: - Support of the charity's ministy - Books and pubJication5 616 396,069 396.685 241515 - &Jvern•n¢e of the Charity 11.998 11.998 616 40867 408,683 262,680 ExPENDURE COMPARATIVE 2021 Tothl Ikpred•ll• ChAritAbk expellditurt.. - Support of the charity& - Books and pUblat)n 790 240,725 241J15 - <kV¢nn¢t of th¢ Chaiity 21.165 790 261890 262,680 AM othercoi¢i are direcdy iitrhutable io the 4¢livitrs they reknie. 3031 2•21 The Govemlnee of the Ch•iity 11¢deS Ind¢p¢ndent Examinees 3 TRUEEs, REMUNERATION Tnw¢¢$ received rellnbursemetti of cxpensej in ¢onn¢ctwn with th¢r dutKs as tswtrcs. (2021: N 4 TANGIBLE FIXED ASSET8 Lttd Bulldl Furolthre & Flld Moi•r Vehld¢ Totsl COST At l January 2022 and 31 Dec¢mb¢r DEPRECIATION 2 432 707 1 S 900 17 At l January 2022 Chir8¢ forthe year 229332 67h66 379 14,954 237 311852 616 AL 31 December2022 IYET BOOK VALUE 229 32 At 31 Dx¢mb¢r2022 03.475 870 709 At 31 fk¢emb}021 2203.475 1249 946 2205.670
SOCIETY OF THE WOMEN OF NAZARETH (also ltttowll as Ladles ofthe Grall) NOTES TOTHE Fll¥ANCIAL sTATEMEs (eonthiued) FOR THE YEAR EIYDED 31 DECEMBER 2022 FIXED ASSETS INVESTMENr 2022 2021 Quoted Investment5 Matkei value At I January 2022 Additions ai Cost Disposa]s &t malket vBbJc N¢t Oosses) 184itLS on ffvakn8tion6 maet valu¢ 1¢ 31 Deeember2022 Historical cost at 31 December 2021 4J74,060 505.314 {341,739) 1645284) 3 892 351 4J74.060 3,821.889 3,769.672 (3.762.672) 545.171 4J74.060 21 89 DEBTORS 2022 2021 Prepaymettts Other debtors 979 lJ70 2J49 IJ02 1,502 CREDITORS 2022 2021 Credito A¢cnJ¢d expenditu 67,715 8203 75,918 12 552 18.600 31,152 DESIGNATED FUNDS Th*followin¥f4ndJ hav¢ b¢¢v $¢1 asldg b)b ilie Trwiees. oul olunrestrictedf¥Md$.forsp¢clJ7c purposes. Deilgnitedl (Releaied) I tht ytAr 31 Deeember 2022 I JAnu8ry 2022 Welfa n8 te maintenance 2,114,173 62 00 2.176.673 {208.407) 1,905.706 234,957 ,941.716 Wtlfire Fwid To provide funds forthe ioffiB lerni ¢ar¢ and m4inlenAD¢e ofmcmbern of the Communily. A reviewwA$ undertaken in 2019 and it felt th81 ihe fund w&8 at a Irv¢L The fund willcontinu¢ to be tevtewed &nrtua LO Tern MAlnteh)pn¢e Fund To provtde fwids for the maint¢nanc¢ ofthe buildinRsowlled by the Ch?iily. 12
SOCIETY OF THE WOMEN OF NAZARETH (11 knDryrn as (If th¢ Gr•ll) NOTES TOTHE FINANCIAL sTATEmEs (eolldd) FOR THE YEAR ENDED 31 DECEMBER 2•22 2022 2021 Finattci&las5ets at fairvakne £ 3J9U51 £4J74.IW) FmancialMss¢ts ai amorttsed cost Fittancthl lilba¢S ai athortised FinaD¢ialas5etsmeawed at fairvakne compfftse wv¢stthen 13