2023-03-31-accounts - The Society Of St Columban For Foreign Missions

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			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers
Trustees' report			2-7
Independent auditor's	report	on the financial statements	8-11
Statement offinancial	activities		12
Balance sheet			13
Statement ofcash flows			14
Notes to the financial	statements		15-35

Trustees		Rev J Boles, Chair	Rev J Boles, Chair
		Rev D O' Malley (resigned 31 March 2023)
		Rev D Carter
		Rev B McDermott
Charity registered
numbers		221594 and SC038948
Principal office		Widney Manor Road
		Knowle
		Solihull
		B939AB
Independent	auditor	Dains Audit Limited
		15Colmore Row
		Birmingham
		B32BH
Bankers		NatWest
		24 Broadgate
		Coventry
		West Midlands
		CV1 1NE
		Santander
		Customer	Service Centre
		Bootle
		Merseyside
		L304GB
		Allied Irish	Bank (AIB)
		61 Temple	Row
		Birmingham
		B2 5LT
Solicitors		Standley &Co
		1612High	Street
		Knowle
		Solihull
		B93OJU
Investment	Managers	Premier Mlton Group
		Eastgate Court
		High Street
		Guildford
		Surrey
		GU1 3DE
		Brewin Dolphin
		9Colmore	Row
		Birmingham
		B32BJ

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
			Note	6	6	6
Income from:
Donations and legacies			4	2,613,776	226,490	2,840,266	3,644,996
Investments			5	245,505		245,505	95,877
Other income			6	8,677		8,677	5,054
Total income				2,867,958	226,490	3,094,448	3,745,927
Expenditure on:
Raising funds			7	261,336		261,336	284,918
Charitable activities			8	1,015,091	304,472	1,319,563	3,356,572
Total expenditure				1,276,427	304,472	1,580,899	3,641,490
Net income/(expenditure)		before		1,591,531	(77,982)	1,513,549	104,437
investments
Net (losses)/gains	on investments			(221,671)		(221,671)	142,131
Net (expenditure)/income				1,369,860	(77,982)	1,291,878	246,568
Transfers between	funds		19	1,374,746	(1,374,746)
Net movement in	funds before other
gains/(losses)				2,744,606	(1,452,728)	1,291,878	246,568
Foreign exchange	losses			(49,424)		(49,424)	(956)
Net movement in	funds			2,695,182	(1,452,728)	1,242,454	245,612
Reconciliation of	funds:
Total funds brought	forward		19	18,284,172	1,549,921	19,834,093	19,588,481
Net movement in funds				2,695,182	(1,452,728)	1,242,454	245,612
Total funds carried forward			19	20,979,354	97,193	21,076,547	19,834,093

					2023		2022
			Note
Fixed assets
Tangible assets			14		5,062,490		5,171,973
Investments			15		4,281,785		4,513,091
					9,344,275		9,685,064
Current assets
Debtors			16	826,227		1,244,812
Investments			17	16,023,104		16,818,776
Cash at bank	and	in hand		9,070,665		8,734,889
				25,919,996		26,798,477
Creditors: amounts		falling due within one
year			18	(14,187,724)		(16,649,448)
Net current	assets				11,732,272		10,149,029
Total net assets					21,076,547		19,834,093
Charity funds
Restricted funds			19		97,193		1,549,921
Unrestricted	funds		19		20,979,354		18,284,172
Total funds					21,076,547		19,834,093

						2023	2022
					Note	E
Cash flows from operating		activities
Net cash	used in operating activities				22	677,240	(79,239)
Cash flows from financing		activities
Interests	and dividends from	investments				245,505	95,877
Proceeds	from the sale of tangible fixed		assets			5,550
Purchase	oftangible fixed assets					(38,681)	(28,372)
Proceeds	from sale of investments					526,500	392,812
Purchase	of investments					(815,135)	(343,448)
Net cash	(used in)/provided	by financing		activities		(76,261)	116,869
Change	in cash and cash	equivalents	in	the year		600,979	37,630
Cash and	cash equivalents	at the beginning		of the year		9,013,048	8,975,418
Cash and cash equivalents		at the end	of	the year	23	9,614,027	9,013,048
The notes on pages 15to 35form part ofthese financial statements

	Unrestricted	Restricted	Total
	funds	funds	funds
	2023	2023	2023
		6	6
Donations	1,416,914		1,416,914
Legacies	1,196,862		1,196,862
Gifts		180,223	180,223
Mass intentions		46,267	46,267
	2,613,776	226,490	2,840,266
	Unrestricted	Restricted	Total
	funds	funds	funds
	2022 6	2022	2022f
Donations	1,539,947		1,539,947
Legacies	1,697,726	108,196	1,805,922
Gifts		279,049	279,049
Mass intentions		20,078	20,078
	3,237,673	407,323	3,644,996

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
			6	6
Interest and dividends	generated	from investments	95,093	95,093	87,686
Bank interest received			150,412	150,412	8,191
			245,505	245,505	95,877

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
			F
Surplus on disposal	of tangible assets	4,584	4,584
Other income		4,093	4,093	5,054
		8,677	8,677	5,054

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
"Far East"	magazine	production		167,209	167,209	182,906
Support costs
				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
				6	6	6
Website media				56,149	56,149	47,140
Investment	management		fees	26,364	26,364	28,237
Legal and	professional		fees	11,614	11,614	26,635
				94,127	94,127	102,012

					Unrestricted	Restricted
					funds	funds	Total
					2023	2023	2023
					E	E	E
Furtherance	ofthe	objects	ofthe	charity	1,015,091	304,472	1,319,563

Unrestricted	Restricted
funds	funds	Total
2022	2022	2022
E	E
2,943,381	413,191	3,356,572

					Activities	Grant
					undertaken	funding of	Support	Total
					directly	activities	costs	funds
					2023	2023	2023	2023
					E	E	E	E
Furtherance	ofthe	objects	ofthe	charity	527,992	2,734	788,837	1,319,563
					Activities	Grant
					undertaken	funding of	Support	Total
					directly	activities	costs	funds
					2022	2022	2022	2022
					E	E.	E	E
Furtherance	ofthe	objects	ofthe	charity	2,509,177	4,259	843,136	3,356,572

			Total	Total
			funds	funds
			2023	2022
Amounts remitted		to the central fund ofthe order for
distribution	to the missions			1,968,618
Priests' allowances			78,177	95,519
House expenses			145,343	151,416
Mass intentions			45,612	14,605
Gifts			258,860	279,019
			527,992	2,509,177
Analysis of	support costs
			Total	Total
			funds	funds
			2023	2022
				6
Staff costs			389,677	397,501
Depreciation			148,164	136,849
Office expenses			181,956	231,666
Motor vehicle and		travelling	35,981	52,663
Professional	fees &charges		19,309	11,957
Governance			13,750	12,500
			788,837	843,136

						Total
				Grants	paid	funds
					2023	2023f
Contributions	to	Catholic	institutions	2,734		2,734
						Total
				Grants	paid	funds
					2022f	2022 6
Contributions	to	Catholic	institutions	4,259		4,259

						2023	2022
							6
Depreciation oftangible			fixed	assets		148,164	136,849
Surplus	on disposal of		tangible fixed assets			(4,584)
Auditor's		remuneration	- audit			13,750	12,500
Auditor's		remuneration	- non-audit		services		1,175
Operating		lease rentals				1,890	1,890
Foreign	exchange losses					49,424	956
Defined		pension contribution		cost		18,385	16,600

			2023	2022
			No.	No.
Administration	and	Support	19	20

			Furnitur,
	Freehold	Motor	fixtures and
	property	vehicles	fittings	Totalf
Cost
At 1 April 2022	6,712,211	122,355	169,817	7,004,383
Additions		24,968	13,713	38,681
Disposals		(25,300)		(25,300)
At 31 March 2023	6,712,211	122,023	183,530	7,017,764
Depreciation
At 1 April 2022	1,605,904	86,429	140,077	1,832,410
Charge for the year	119,567	9,407	19,190	148,164
On disposals		(25,300)		(25,300)
At 31 March 2023	1,725,471	70,536	159,267	1,955,274
Net book value
At 31 March 2023	4,986,740	51,487	24,263	5,062,490
At 31 March 2022	5,106,307	35,926	29,740	5,171,973

		Listed	Cash trading
		investments	account f	Total
Market value
At 1 April 2022		4,281,785	278,159	4,559,944
Additions		794,978	(794,978)
Disposals		(547,834)	526,500	(21,334)
Revaluations		(322,805)		(322,805)
Income net offees and amounts	remitted		65,980	65,980
At 31 March 2023		4,206,124	75,661	4,281,785

Debtors
			2023	2022
				5
Legacies	due		759,638	976,088
Amount	due from other regions		1,796	82,315
Other debtors			38,583	157,775
Prepayments		and accrued income	26,210	28,634
			826,227	1,244,812

Current asset investmen	ts
		2023 f	2022 6
CA Medical &Retirement	funds	12,943,946	14,223,761
Other listed investments		2,654,158	2,595,015
Cash deposits		425,000
		16,023,104	16,818,776

		2023 6	2022f
CA Medical &Retirement	funds	12,943,946	14,242,982
Amount due to other regions		1,134,410	2,290,882
Other taxation and social	security	5,724	7,097
Other creditors		57,318	52,869
Accruals		46,326	55,618
		14,187,724	16,649,448

Statement offunds
Statement offunds	- current year
						Balance at
	Balance at 1			Transfers	Gains/	31 March
	April 2022 E	Income E	Expenditure E	in/(out) 6	(Losses) E	2023 f
Unrestricted funds
Designated funds
Fixed asset fund	3,797,227		(148,164)	1,413,427		5,062,490
Retirement house
fund	7,861,049		(115,405)			7,745,644
Overseas missions	2,000,000					2,000,000
	13,658,276		(263,569)	1,413,427		14,808,134
General funds
General funds	4,625,896	2,867,958	(1,012,858)	(38,681)	(271,095)	6,171,220
Total Unrestricted
funds	18,284,172	2,867,958	(1,276,427)	1,374,746	(271,095)	20,979,354
Restricted funds
Gifts	21,239	180,223	(176,680)			24,782
Mass intentions	45,740	46,267	(45,612)			46,395
Property fund	1,374,746			(1,374,746)
Restricted legacies	108,196		(82,180)			26,016
	1,549,921	226,490	(304,472)	(1,374,746)		97,193
Total offunds	19,834,093	3,094,448	(1,580,899)		(271,095)	21,076,547

Statement offunds	- prior year
						Balance at
	Balance at			Transfers	Gains/	31 March
	1 April 2021 6	Income f	Expenditure	in/(out) 6	(Losses)	2022
Unrestricted funds
Designated funds
Fixed asset fund	3,786,137		(17,282)	28,372		3,797,227
Retirement house
fund	7,940,926		(79,877)			7,861,049
Overseas missions	2,000,000		(1,968,618)	1,968,618		2,000,000
	13,727,063		(2,065,777)	1,996,990		13,658,276
General funds
General funds	4,305,629	3,338,604	(1,162,522)	(1,996,990)	141,175	4,625,896
Total Unrestricted
funds	18,032,692	3,338,604	(3,228,299)		141,175	18,284,172
Restricted funds
Gifts	21,209	279,049	(279,019)			21,239
Mass intentions	40,267	20,078	(14,605)			45,740
Property fund	1,494,313		(119,567)			1,374,746
Restricted legacies		108,196				108,196
	1,555,789	407,323	(413,191)			1,549,921
Total offunds	19,588,481	3,745,927	(3,641,490)		141,175	19,834,093

							Balance at
		Balance at 1			Transfers	Gains/	31 March
		April 2022	Income	Expenditure	in/out	(Losses)	2023
				F	6	6	6
Designated	funds	13,658,276		(263,569)	1,413,427		14,808,134
General funds		4,625,896	2,867,958	(1,012,858)	(38,681)	(271,095)	6,171,220
Restricted	funds	1,549,921	226,490	(304,472)	(1,374,746)		97,193
		19,834,093	3,094,448	(1,580,899)		(271,095)	21,076,547
Summary	offunds	- prior year
							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2021 5	Income f	Expenditure 6	in/out 6	(Losses)	2022
Designated	funds	13,727,063		(2,065,777)	1,996,990		13,658,276
General funds		4,305,629	3,338,604	(1,162,522)	(1,996,990)	141,175	4,625,896
Restricted	funds	1,555,789	407,323	(413,191)			1,549,921
		19,588,481	3,745,927	(3,641,490)		141,175	19,834,093

Analysis of net assets between funds - curr	ent year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2023	2023	2023
	6
Tangible fixed assets	5,062,490		5,062,490
Fixed asset investments	4,281,785		4,281,785
Current assets	12,878,857	13,041,139	25,919,996
Creditors due within one year	(1,243,778)	(12,943,946)	(14,187,724)
Total	20,979,354	97,193	21,076,547

21.	Analysis of net assets between	funds	(continued)	(continued)
	Analysis of net assets between	funds	- prior year
					Unrestricted	Restricted	Total
					funds	funds	funds
					2022	2022	2022f
	Tangible fixed assets Fixed asset investments				3,797,227 4,513,091	1,374,746	5,171,973 4,513,091
	Current assets				12,380,320	14,418,157	26,798,477
	Creditors due within one year				(2,406,466)	(14,242,982)	(16,649,448)
					18,284, 172	1,549,921	19,834,093
	Total
22.	Reconciliation of net movement	in funds		to net cash flow from operating		activities
						2023	2022
						6	6
	Net income for the year (as per Statement			of Financial	Activities)	1,291,878	246,568
	Ad)ustments for: Depreciation charges Foreign exchange gains/(losses) Realised and unrealised (gains)/losses		on	investments		148,164 (49,424) 221,671	136,849 (956) (142,131)
	Dividends, interests and rents from investments					(245,505)	(95,877)
	Surplus on the sale of tangible fixed assets Decrease in debtors					(4,584) 418,585	107,973
	(Decrease)/increase in creditors					(1,103,545)	(331,665)
	Net cash provided by/(used In) operating activities					677,240	(79,239)
23.	Analysis ofcash and cash equivalents
						2023	2022
							6
	Cash in investments					543,362	278,159
	Cash at bank and in hand					9,070,665	8,734,889
	Total cash and cash equivalents					9,614,027	9,013,048

		At 1 April		At 31 March
		2022	Cash flows	2023
Cash Liquid	at bank and in hand investments	8,734,889 16,818,776	335,776 (795,672)	9,070,665 16,023,104
		25,553,665	(459,896)	25,093,769

	2023	2022
		F
Not later than 1 year Later than 1 year and not later than 5 years	1,008 2,016	1,890
	3,024	1,890