REG15fERED CHARrrY NUMBER.. 225925 MiSSIONARY SISTERS OF THE GOSPEL REPORTOFTHETRUSTEES AND UNAUDtTED FINANCIAL STATEME1￿ FOR THE YEAR ENDED 31 DECEMBER2023 ITThomas&Co Chartered Accountants 9 Chesthut Court Pa￿ Menai BanBor Gwynedd LL57 4FH MISSIONARY SISTERS OFTHE GOSPEL CONTENTS OFTHE FINANaAL STATEMENrs FOR THE YEAEI ENDED 31 DECEMBER 2023 Page Report of the Trustees Independent Examinees Report Statement of Financlal A￿vItIeS Balan￿ Sheet Notes to the Flnanclal statements 5t09 Oetailed Statèment of Flnanclal Actimties ioto li MISSIONARY SISTERS OF THE GOSPEL AEPORfoFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEM8ER2023 The Trustees present thelr report with the financial statemènt5 of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accountin8.and Reportlngby charStSe5'. Ststementof Recommended Prattice applicable to charities preparlng thelr accounts In accordance with the Financial Reportirhg Standard applicable in the UK and Republlc of Ireland {FRS 1021 leffective l January 20151. OBJEcllv.E5 AND ACTIVIT.IES ObSeeti￿S and aim5 Suth charitable purposes as advante the religion and other charitable'work as the trustees think fitand in particularto imitste tho life of the S3viour byteachlngand nurslng for no financial reward. STRUCTURE, GOVERNANCE AND mANAGEmE￿r. Governlng docufftent The Charhy Is controlled by. Its governing document a deed of trust, and constibjtes an unintorporated chartty. REFERENCE ANDADMINISTRATWE DETAILS Reglstered Charity numbgr 225925 Prinapal address Bryn HyFryd Longford Road HL)Iyhead Isle of An8le5ey LL65 ITR Trustees Stster M Kelty 51ster M M Hlgginbotham Slster M M Richards Sister.S M Healy Indepèndent examiner J TThomas &Co Chartered Accountsnts 9.Che5tnut Court, Part Menai Bangor, Gwynedd LL57 4FH Approved by order of the board of trustees on.... .... .......... 3nd si8ned on its behall by.. Sister M M Richards- Trustee Page I INDEPENDENT EXAMINER'.S REPORTTO THE TRUSTEES OF MISSIONARY SISTERS OF THE GOSPEL IndO￿nd•nt examinerf$reportto the trustses of Missionary Si*er5 of the Gospel I report to the charity trustees on my examination olthe actountsof the Missionary Sisters of the Gospel Ithe.Trustl the year ended 31 December 2023. Responsibilities and basls o* report As the charlty trustees of the Trust you are re5ponslble for the preparation of the accounts in accordance with the requlrements of the Charltle5 Act 2011 l*he Art'l. I report in respert of my examination of.the Truses accoun&carried out undersection 145 of the Act and in carrylng out my examinatlon I have followed all applicable Directions given by the'charwiy Commission undèr settion 14515llbl of the Act. Indep•ndent oxamlnei's statement I have completed my examlnation. I confirm that nomaieibal matter5 have come to my attention in connettian with the Axamlnatlon glvlng.mo cause to belleve ihat In any matertal respect,. ac¢ounting records were not kept in re5peclof the Trust as required by settlon 130 Act: or the accounts do not accord wTrth those records. or the accounts do not romply with the applicable requirement5 concernln6 the fomi and content of accounts set out in.the Charltle5 (Accounts and RepoJts} Regulations 2CQ8 other than afiy reqU1￿ment that the accounts give a twe and fairview whiih i5 Dot a matter tonsidered as part of an tndependent examlnatlon. I confirm that there are no other matters to whlch your attention should be drawn to enable a prDper understanding of theaecounts to be reached, J T Thomas & Co Chartered Accountants 9 Chestnut Court Parc Mena5 Bangor Gwynedd LL57 4FH Date.. MISSIONARY SISTERS QF THE GOSPEL STATEMENT OF FINANCIAL A￿1VITIEs FOR THE YEAR ENDED 31 DECEMBER 2023 2023 unr￿rItted fund 2022 Total fund5 Notes INCOME AhlD ENDOWME￿fs FROM Donations and le6acies 53.954 38.876 Investment Incomè 6,511 4,926 Total SOA65 43,802 EXPENDITUREON Raising funds tHARITABLE ACTWMES The Convent 51957 Other 1,272 Total 54,229 Net galnslllossesl on investments 1.614 139,4641 NET INCOMEJIEXPENDITURE) 7,850 158,2411 RECONCIUATION OF FUND5 T￿al fund$ brouBhtforward 327.232 385.473 TOTAL FUNDS CARRIED FORWARD 335,082 327,232 The note5 form part of these financlal statements Page 3 MISSIONARY SISTERS OF THE GOSPEL BALANCE SHEET AT31 DECEMBER 2023 2023 Unrestrittèd fund 2022 rotsl funds Notes FIXED ASS￿5 Tangible 85sets 5,648 CURRENT ASSETS Investments ca5h.at bank and'in hand. 308.382 27A64 307,303 14.281 330 321.584 NEf CURRENT ASSETS 330046 321,584 TOTALASSEfs LESS CURRENT uABILifiES 335,082 327.232 NEfASSETS 335m2 327,232 FUNDS Unrestrfcted funds 335MZ 327,232 T¢yfAL FUNDS 335,082 327,232 The financlal statements I￿re approved by the Board of Trustee5 ofk.................3nd were slgned ort its behalf by- . Sisterm M Blchards- Trustèe Sister S.M Healy-Trusteè The notes form part of these financial ststements Page 4 MISSIONARY SISTERS OFTHE GOSPEL NOTES TO THE FINANCIAL sfATEMENT5 FOR THEYEAR ENDED 31 DE￿MBER 2023 I. ACCOUNTING POLICIES Basis of pr•parinB the financial statements 'Thefinancial statements of the charity, which is a publlc beneflt entlty under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS1021 'AccountlnÉ and Reportlng bv arit4￿.. Statement of Recommended Practice 3pplicable to charities preparlng their atcpunt5 in accordan￿ with the Financial Reporting Standard i02'The Financial Reponlng Standard applicable in the UK 4nd RepublSc of Ireland, and.the Charltles Act 2011. The rinanclal statements have been prepared undèrthe htstorical cost conventlon. Incth All income is recoBnised in the Statement of Financial Actlvltles On￿ the charity has entitlement to the funds, itts probably thatthe income will be re￿iVed and the amount ca be measured reliably.- ExpendrlurÈ Liabilities are recogni5ed as expenditu￿ 3s spon a5 there is a legalor constructlve obligation committing the chartty to that expenditure, it is probable that a transfer Df economic betJ?fit5 will be required in settlement and the amount of the Dbligation can be measured reliably. Expenditure is accounted fDr on an accruals basis and has b£en lassif￿d under heading5that aggregate all cost re18ted ti> the utegory_ Where costs cannot be d1￿ctty artrlbuted ro"particular headings they have been allocated to activities on a basis consisientwith the use of resources. Tanglble Ilxed assets Depreaation Is provlded at the following annual rate5 In order to write off eath asset over its estimated useful Ilfe. MoiorVehlcFes -25% on reduung balan Taxatloh The chariw15 exemptfrom 1a¥ on its charitable attlvStles. FufEd acwuntlnB Unrestricted funds can be used in accordance with the charitable objectlve5 at the dlscretlon of the trustees. Restricted funds can only be used for particular restricted purpDses within the objects of tho charity. R'estrictions arise when specified by the donor or when funds are raised for particularrestricted purposes. Further explanatlon of the nature and purpose of eath fund i5 included inthe notes tothe financial statements. The notesform part of these financlal statements M155IONARY SISTERS OF THE GOSPEL NOTESTO THE FINANaAL STATEMENT5- CONTINUED FOR THE YEAKENDED 31 DECEMBER 2023 INVESTMENT INCOME 2023 2022 Other investment income Dèposit account interest 5,626 885 213 4,926 RAISING. FUNDS Investmont management ¢gSts 2Q23 2022 Support costs TRVSTEÉS, REMUNEIIATION AND BENEFITS .There were no tnjstées, remuneratlon of other benefits for fhe year ended 31 December 2023 nor forthe year ended 31 December 2022. TNY pald for the yearende(131 December 2023 norfor the year ended 31 December 2022. The notes fomi part of thesè financlal statements Page 6 MISSIONARY S15TER5 OF THE GOSPEL NOTESTO THE"FINANCIAL sfATEMENT5- CONTINUED FORTHE YEAR ENDED 31 DECEMBER 2023 S. COMPARATIVES FOR THE STATEMENT OF FINANCIALAcrivrriES Unrestrkted fund INCOME AND ENDOWMENTS FROM Donatlons and legacles 53,954 Investment income 6,511 Total 60,465 EXPENDITURE ON Raising funds Charitable a¢tlvhlès The Convent 51957 Other 1.272 Total 54,229 Netpinslllosses) on inveslTrients 1,614 NET INCOMEIIEXPEND￿URE} 7.8SO REC.ONCIUATION OF FUNDS Total funds brought forward 327,232 TOTAL FUNDS CARRIED FORWARD 335,082 6. TANGIBLE FIXED ASSEf5 Motor Vehldes cosr At I january 2023 and 31 De￿mber 2023 Addition 2023 DEPRECIATION At I january 2023 Charge for year At 31 December2023 27,246 IA12 28,658 NEf BOOKVAIUE At 31 December 2023 At 31 December 2022 4,236 5,648 The notes fomi part of these financlal Statements Page 7 MISSIONARYSISTERS OF THE GOSPEL NOTES TO THE FINANCIAL.STATEMENTS- CONTINUED FOR THE YEAR ENDED31 DECEMBER 2023 CURREThrf ASSET INVESTMENTS 2023 2022 Other 303,382 307,303 8. MOVEMENT IN FUNDS Net mo¥em*nt in funds At LI.2023. At 3L12.2023 Unrestrlrted fitrtds General fvnd 327,232 7050 335W2 TOTAL FUNDS 327.Z32 7A50 335,082 Net movement in funds. Includeil In the above are a5 follow5: IncominB resources R￿D￿rt•S Galns and expended 105SèS Movement In funds Unrestricted funds General fund 60A65 154.229} 1.614 7,850 TOTALFUNDS 60A65 154,2291 1.614 7,8SO Comparatlves for b)thYementin funds Net movemant funds At 1.1.2022 At 31.12.2022 Unre5trlrted funds General fund 158.2411 327"'232 TOTAL FUNDS 385,473 158,2411 327,232 Comparative net moyement Én funds, included in the above are a5 follows- Incoming resour¢es Resourtes Gains and expended losse5 MovemEnl in fund5 Unrestrktod funds General fund 43.802 .1615791 {39.4641 158,2411 TOTAL FUNDS 43,802 162.5791 139,4641 158,2411 Thenotes form partof theseflnanclal stat¢ments Page 8 mIS￿oNARy515TERs OFTHE GOSPEL NOTES TO THE FINANaAL sfATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 A current year 12 month5 and prlor year 12 months comblrie5 P055tSon'15 35 follows.. Net movement funds At 1.1.2022 At 31.12.2023 Unre5trlrted funds Gener31 fund 385.474 150,3911 335.083 TOTAL FUNDS 385.474 150,391 335,1)B3 A currefttyear 12 months and prlofyear 12 months combined net movement in funds. Included In the.abovè are as follows.. In¢omli)g rosourc ResOu￿e5 Galn$ and 105se5 Movement In funds expended Unrestrirted funds General fund 104.267 1116,8081 (37,8501 (50391 TOTAI FUNDS 104,267 {116,808 137,8501 150391 RELATED PARTY DisaosuRE5 There were no related partytransactSons forthe year ended 31 December 2023. The notesforni part of these financidl.ststements Paee 9 MISSIONARY SIStER5 OF THE GOSPEL DETAILED STATEMENT OF FINANCIALA￿1v￿lEs FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENT5 Oonatlons and legaci Salary Penslon R'efunds 7,046 31,080 Gifts 13.605 53.954 75Q 38.876 .Investment Income Other invéstment income Deposst'account Inte￿$￿ 4.764 161 4,926 885 6,511 Total In¢omlng resource5 60A65 43.801 EXPENOITURE Charitsble BCtiV4tie5 Rotes and water Insurance Light andheat Telephone Postage and statlonery Maintenance 1.918 1.917 4,014 1244 1.805 1,433 2,770 IA82 672 4,199 1,060 1,508 Clothing 778 Motor expenses Travel Medlcal Ltbrary& Subs Parish & DiocesÈ R¢treats Leisure 1.647 3,117 15.561 866 85(F 1.724 410 1.248 7,531 537 3,053 777 Presents Food MEa15 & Accommodation Subscflptlons Household & Small Equlpment 973 8A47 272 4.554 47,899 55,528 Support Costs Flnan¢e Bank charges Motor vehicles 4010 1.883 5.893 5,057 The notes form part ofthese finanti81 statement5 Pa8e 10 MISSIQNARY SISTERS OF THE GOSPEL DETAILED STATEMENT OF FINANCIAL ACTIVMES FOR THEYEAR ENDED 31 DEtsMBER ZD23 2023 2022 Governan￿ co￿5 AccounranLy and le8al fee5 1272 Totsl resources expended 54.ZZ9 62.579 Net {expendlture)Jln¢ome before gains and losses. 6,236 118,TY81 RealSséd recognlsed galn$ and losses Realised gainslllossesl on flxed asset Investments 139,4641 Net (exp¢nditure)linrome 7.850 15B,2421 The notos form part of thÉse financial ststeménts Pa8é 11