2023-04-05-accounts

TRUSTEES	Sister Marie-Louise	Sister Marie-Louise	le Vern
	Sister Valentine	Rannou
PRINCIPAL ADDRESS	28 Penzance Street
	LONDON
	W114QX
STOCKBROKERS	Quilter Cheviot
	Senator House
	85, Queen Victoria Street
	LONDON
	EC4V 4AB
	J.M. Finn 5Co.	Ltd.
	4, Coleman Street
	LONDON
	EC2R 5TA
PROPERTY CONSULTANTS	Gerald Eve
	72Welbeck Street
	LONDON
	W16 OAY
BANKERS	The Royal Bank	ofScotland pic
SOLICITORS	SBP Law
	Glade House
	52-54 Carter Lane
	LONDON
	EC4V 5EF
AUDITORS	Cocke, Vellacott	& Hill
	28 City Business	Centre
	Lower Road
	LONDON
	SE162XB

				General	Designated	Total	Total
			Notes	Fund	Funds	2023	2022
Income from				E	E	E
Donations	and legacies						250
Charitable	activities			4,254		4,254	9,820
Investments				307,574		307,574	287,975
Other
Total				311,828		311,828	298,045
Expenditure	on
Raising funds			2(d)	56,908		56,908	53,230
Charitable	activities			37,400		37,400	729,805
Total				94,308		94,308	783,035
Net gains /	(losses)	on investments		(757,279)		(757,279)	632,063
Net income	/ (expenditure)			(539,759)		(539,759)	147,073
Transfers between		funds	10	132,427	(132,427)
Net movement in funds				(407,332)	(132,427)	(539,759)	147,073
Reconciliation offunds
Total funds	brought	forward	10	2,855,631	9,751,196	12,606,827	12,459,754
Total funds	carried	forward	10	2,448,299	9,618,769	12,067,068	12,606,827

				Notes	2023	2022
FIXEDASSETS					E
Tangible assets					792,085	792,105
Investments					10,713,578	11,527,765
Total fixed assets					11,505,663	12,319,S70
CURRENT ASSETS
Debtors					147,761	4,550
Cash at bank and in		hand			462,804	331,567
Total current assets					610,565	336,117
LIABILITIES
Creditors: Amounts		falling due
within one year					(49,160)	(49,160)
Net current assets	(liabilities)				561,405	286,957
Total assets less current			liabilities		12,067,068	12,606,827
FUNDS OF THE CHARITY
Total unrestricted	income funds			10	12,067,068	12,606,827
Total charity funds				10	12,067,068	12,606,827

INVESTMENT	INCOME							2023	2022
								f
Income from	investment		assets listed	in the UK				253,791	234,777
income from	investment		assets listed	outside the UK				45,686	53,166
Interest								8,097	32
								307,574	287,975
CHARITABLE ACTIVITIES					Grant	Support of
					funding	Sisters and		Total	Total
					activities	pastoral work	Governance	2023	2022
					f	f		f
Grants and donations		(see below)			598			598	700,549
Staff costs (see note 5)
Provisions						1,276		1,276	2,480
Cost ofrunning premises						5,604		5,604	8,203
Property repairs, maintenance
and refurbishment						9,320		9,320	1,399
Depreciation	(see note	6)				20		20	27
Sisters' living	and pastoral expenses					1,921		1,921	251
Training and	Sisters' formation					3,926		3,926	3,070
Bank charges						275		275	146
Auditors' remuneration:
Accountancy	and other		services				7,932	7,932	7,932
Audit							5,748	5,748	5,748
Legal and professional		fees					780	780
Tata I 2023					598	21,342	14,460	37,400	729,805
Total 2022					700,549	15,576	13,680	729,805
Grants and donations						2023	2023	2022	2022
						f	No.		No.
Remittance to	Mother House in France			for
the Order's missionary		work in Africa		(see note 11)			0	200,000
Remittance towards major			works at Mother House in		France		0	500,000
Mass offerings	and small	donations				598		549
						598		700,549

TANGIBLE FIXEDASSETS		Furniture
	Freehold	and
Cost or valuation	Property f	fittings f	Total f
At 6th April 2022	792,024	8,897	800,921
Additions
Disposals
At 5th April 2023	792,024	8,897	800,921
Depreciation
At 6th April 2022		8,816	8,816
Disposals
Charge for the year		20	20
At 5th April 2023		8,836	8,836
Net book value
At 5th April 2023	792,024	61	792,085
At 5th April 2022	792,024	81	792,105

7.	FIXEDASSET	INVESTMENTS	INVESTMENTS		2023	2023	2022	2022
					Market value f	Cost f	Market Va/uef	Costf
	At 6th April				10,994,007	8,128,298	10,773,630	8,342,961
	Additions				656,469	656,469	918,532	918,532
	Disposals				(881,490)	(881,490)	(1,330,218)	(1,330,218)
	Realised gains (losses)				(128,369)	(75,499)	(1,790)	197,023
	Unrealised gains (losses)				(628,910)		633,853
	At 5th April				10,011,707	7,827,778	10,994,007	8,128,298
	Cash awaiting	investment	-sterling		701,871	701,871	533,758	533,758
	Market value	at 5th April			10,713,578		11,527,765
	Historic cost	at 5th April				8,529,649		8,662,056
	The investments are analysed			as below:
	Investments	listed in the	UK		6,975,563	5,078,448	7,397,323	5,135,472
	Investments	listed outside the		UK	3,036,144	2,749,330	3,596,684	2,992,826
					10,011,707	7,827,778	10,994,007	8,128,298

This is rec	onciled as follows:
				2023	2022
				f
Reconciliation ofmovements in unrealised gains on investment			assets:-
Unrealised	gains arising on revaluation	brought forward at 6th April		2,865,709	2,430,669
Add (deduct) in respect ofdisposals in the year				(52,&70)	(198,813)
				2,812,839)	2,231,856
Net gains	(losses) arising on revaluations	in the year		(628,910)	633,853
Unrealised	gains arising on revaluation	carried forward at 5th April		2,1&3,929	2,865,709

8.	DEBTORS							2023 f	2022f
	Dividends due							147,308	4,097
	Prepayments							453	453
								147,761	4,550
9.	CREDITORS: Amounts		falling due	within one year				2023 f	2022f
	Accruals							49,160	49,160
10.	TOTAL FUNDS					Incoming	Resources	Transfers
				Balances	at	resources and	expended	between	Balances at
	Unrestricted funds			6th April 2022 f		gains f	and losses f	funds f	5th April 2023 f
	Designated funds:
	Fixed assets	fund		792,105				(20)	792,085
	Investment	reserve		8,662,056				(132,407)	&,529,649
	Fund for aged and		sick sisters
	and students			10,000					10,000
	Retirement	fund		287,035					287,035
				9,751,196				(132,427)	9,618,769
	General reserve			2,855,631		311,828	(851,587)	132,427	2,448,299
	Total			12,606,827		311,828	(851,587)		12,067,068
	Represented by:-								Unrestricted
									funds
									f
	Tangible fixed	assets							792,085
	Investments								10,713,578
	Net current assets								561,405
									12,067,068