2022-12-31-accounts - The Sisters Of Providence (Rosminian)

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				Page	Page
Reference	and Administrative		Details
				2	to	9
Trustees'	Report
Statement	of Trustees'	Responsibilities			10
Report of	the Independent		Auditors	11	to	13
					14
Statement of Financial		Activities
					15
Balance Sheet
					16
Cash Flow Statement
Notes to	the Cash Flow Statement				17
Notes to the Financial		Statements		18	to	29

TRUSTEES	Sister K A Toone
	Sister IToomey
	Sister L Pereira
	Sister M BLeydon
	Sister S M 8 Cronin
	Sister TMolloy
PRINCIPAL ADDRESS	Rosmini House
	19Garton Road
	Loughborough
	Leicesters hire
	LE112DY
REGISTERED CHARITY NUMBER	229120
INDEPENDENT AUDITORS	Duncan & Toplis Limited,	Statutory	Auditor
	3 Princes Court
	Royal Way
	Loughborough
	Leicestershire
	LE11SXR
BANKERS	CAF Bank Ltd
	25 Kings Hill Avenue
	West Mailing
	Kent
	ME194JQ
SOLICITORS	Edward Hands and Lewis
	44 Church Gate
	Loughborough
	Leicestershire
	LE111UE
INVESTMENT ADVISERS	OCM Wealth Management	Limited
	3 Bouverle Court
	Northampton
	NN4 7YD

STATEMENT OF FINANCIAL ACTIVITIE FOR THE YEAR ENDED 31DECEMBER	S 2022
					2022	2021
		Unrestricted	Unrestricted	Restricted	Total	Total
	Notes	- Designated f.	-General f	- India f.	funds f	funds f
INCOME AND ENDOWMENTS
FROM Donations and legacies			28,846		28,846	630
Charitable activities	6
Support of members ofthe religious order		32,170	336,174		368,344	364,733
Other trading activities Investment income		29,313	86,546 1,029	21	86,546 30,363	78,307 17,648
Total		61,483	452,595	21	514,099	461,318
EXPENDITURE ON Raising funds		111,718			111,718	116,220
Charitable activities
Support of members ofthe religious order Grants and donations paid		39,531 115,293	441,492 30,247	15,061	496,084 145,540	421,535 195,837
Total		266,542	471,739	15,061	753,342	733,592
Net gains/(losses) on investments		(1,448,102)			(1,448,102)	1,336,762
NET INCOME/(EXPENDITURE) Transfers between funds	18	(1,653,161) 115,000	(19,144) (94,983)	(15,040) (20,017)	(1,687,345)	1,064,488
Other recognised gains/(losses) Gains on revaluation of fixed assets		245,000			245,000
Net movement in funds		(1,293,161}	(114,127)	(35,057}	(1,442,345)	1,064,488
RECONCILIATION OF FUNDS Total funds brought forward		20,928,688	495,567	35,057	21,459,312	20,394,824
TOTAL FUNDS CARRIED FORWARD		19,635,527	381,440		20,016,967	21,459,312

FIXEDASSETS	Notes	Unrestricted - Designated f	Unrestricted - General f	2022 Total funds f	2021 Total funds f
Tangible assets Investments	13	7,493,334	45,007	7,538,341	7,583,282
Investments Investment property	14 15	11,100,314 910,000		11,100,314 910,000	12,730,824 665,000
		19,503,648	45,007	19,548,655	20,979,106
CURRENT ASSETS
Debtors Cash at bank and in hand	16	131,879	19,406 348,384	19,406 480,263	15,881 491,919
		131,879	367,790	499,669	507,800
CREDITORS
Amounts falling due within one year	17		(31,357)	(31,357)	(27,594)
NET CURRENT ASSETS		131,879	336,433	468,312	480,206
TOTAL ASSETS LESSCURRENT
LIABILITIES		19,635,527	381,440	20,016,967	21,459,312
NET ASSETS		19,635,527	381,440	20,016,967	21,459,312
FUNDS	18
Unrestricted funds
Restricted funds				20,016,967	21,424,255
					35,057
TOTAL FUNDS
				20,016,967	21,459,312

CASH FLOW STATEMENT FOR THE YEAR ENDED 31DECEMBER 2	022
			2022	2021
		Notes	E	E
Cash flows from operating activities Cash generated from operations			(191,230) (304)	(220,439) (315)
Interest paid
Net cash used in operating activities			(191,534)	(220,754)
Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments			(2,532) (12,419,130) 12,601,540	(18,185,421) 18,316,497
Net cash provided by investing activities			179,878	131,076
Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning the reporting period		of	(11,656) 491,919	(89,678) 581,597
Cash and cash equivalents at the end	ofthe		480,263	491,919
reporting period

S TO THE CASH FLOW STATEMENT HE YEAR ENDED 31DECEMBER 2022	S TO THE CASH FLOW STATEMENT HE YEAR ENDED 31DECEMBER 2022	S TO THE CASH FLOW STATEMENT HE YEAR ENDED 31DECEMBER 2022
RECONCILIATION OF NET (EXPENDITURE)/INCOME			TO NET CASH FLOW FROM OPERATING ACTIVITIES
				2022	2021
Net (expenditure)/Income Financial Activities)	for the reporting	period	(as per the Statement of	E	E
Adjustments for:				(1,687,345)	1,064,488
Depreciation charges Losses/(gain) on investments				47,473	52,970
Interest paid				1,448,102	(1,336,762)
(increase)/decrease in debtors				304	315
Increase/(decrease) in creditors				(3,527)	407
				3,763	(1,857)
Net cash used in operations				(191,230)	(220,439)
ANALYSIS OF CHANGES IN NET FUNDS
Net cash			At 1.1.22 f	Cash flow f	At 31.12.22 E
Cash at bank and in hand			491,919	(11,656)	480,263
			491,919	(11,656)	480,263
Total
			491,919	(11,656)	480,263

FO	R THE YEAR ENDED 31DECEMBER 2	R THE YEAR ENDED 31DECEMBER 2	R THE YEAR ENDED 31DECEMBER 2	022
3.	DONATIONS AND LEGACIES
					2022	2021
	Donations				f	f
	Legacies				581	630
					28,265
					28,846	630
4.	OTHER TRADING ACTIVITIES
					2022	2021
	Rental Income				f	f
					86,546	78,307
5.	INVESTMENT INCOME
					2022	2021
	Income from listed	investment			f	f
	Interest receivable				6,580	17,600
					23,783	48
					30,363	17,648
	INCOME FROM CHARITABLE ACTIVITIES
	Salary and pension income Exchange rate (loss)/gain			Activity Support ofmembers ofthe religious order Support ofmembers ofthe religious order	2022 f 357,913 10,431	2021 f 375,820 (11,087)
					368,344	364,733
7.	RAISING FUNDS
	investment management		costs
					2022	2021
	Investment management		costs		f
					111,718	116,220
8.	CHARITABLE ACTIVITIES COSTS
						Direct
						Costs (see
						note 9)
	Support ofmembers ofthe religious			order		f
	Grants and donations	paid				496,084
						145,540
						641,624

The grants and donations payable	The grants and donations payable	during the year were as follows:	2022 f	2021 f.
			115,000	110,000
Bursaries paid to Loughborough Amherst School Transfer to Tanzania - School Building Project Transfer to Tanzania - New convent and nursery project in Njombe			15,046	23,455 9,000
Transfer to india convent				42,989
Rent donation to Loughborough		Amherst School	7,494	10,393
Donations less than f1,000 each			8,000
Donations for funeral expenses
			145,540	195,837
DIRECT COSTS OF CHARITABLE ACTIVITIES			2022	2021
			f	f
			178,812	179,522
Staff costs			27,515	24,564
Auditors' remuneration			1,673	1,373
Auditors remuneration-	Non audit		8,577	7,682
Rates and water			19,713	19,237
Insurance			25,661	18,657
Light and heat			3,638	3,422
Telephone			2,220	2,330
Postage and stationery			14,340
Legal and professional	fees		15,809	8,208
Sundries			82,147	85,837
Donations			115,000	109,998
Grant funding ofactivities			61,169	57,338
Household expenses			18,539	27,262
Personal needs			3,462	1,907
Motor expenses			6,279	1,883
Travelling			9,293	14,867
Repairs and maintenance			47,473	52,970
Depreciation			304	315
Interest payable and	similar charges
			641,624	617,372

			2022	2021
Wages and salaries			f	E
Social security costs			169,449	170,310
Other pension costs			6,634	6,691
			2,729	2,521
			178,812	179,522
The average monthly	number ofemployees	during the year was as follows:
Convent support staff			2022	2021
			12	13

FOR THE STA	TEMENT OF FINA	NCIAL ACTIVITIES
INCOME AND ENDOWMENTS	FROM	Unrestricted - Designated E	Unrestricted - General f	Restricted - India f	Total funds f
Donations and legacies			630		630
Charitable activities
Support ofmembers ofthe religious order			364,733		364,733
Other trading activities Investment income		17,597	78,307 51		78,307 17,648
Total
		17,597	443,721		461,318
EXPENDITURE ON
Raising funds		116,220			116,220
Charitable activities
Support ofmembers ofthe religious order Grants and donations paid		39,529 142,455	382,006 53,382		421,535 195,837
Total
		298,204	435,388		733,592
Net gains on investments		1,336,762			1,336,762
NET INCOME Transfers between funds		1,056,155 110,000	8,333 (145,057)	35,057	1,064,488
Net movement in funds		1,166,155	(136,724)	35,057	1,064,488
RECONCILIATION OF FUNDS
Total funds brought forward		19,762,535	632,289		20,394,824
TOTAL FUNDS CARRIED FORWARD		20,928,690	495,565	35,057	21,459,312

					Cash and
				Listed	settlements
The investment	assets	are held:		investments f	pending f	Totals f
In the UK
Outside the UK				2,885,401 7,929,968	284,946	3,170,347 7,929,968
				10,815,369	284,946	11,100,314
Historical cost:
At 31December	2022			11,060,856	284,946	11,345,802
At 31December	2021			11,502,612	249,877	11,752,489
Cost or valuation	at 31December 2022 is represented		by:
					Cash and
				Listed	settlements
Valuation in 2022				investments f 10,815,368	pending f 284,946	Totals 11,100,314
INVESTMENT PROPERTY
FAIR VALUE
At 1January 2022
Revaluation						665,000
						245,000
At 31December 2022
						910,000
NET BOOK VALUE
At 31December 2022
						910,000
At 31December 2021
						665,000
All Investment properties		are held in the UK.
Historical cost at 31December 2022 f274,289(2021-f274,289).

INVESTMENT PROPERTY	INVESTMENT PROPERTY	-continued	-continued
Fair value at 31December		2022 is represented		by.				f
								910,000
Valuation in 2022
DEBTORS: AMOUNTS	FALLING DUE		WITHIN ONE YEAR				2022	2021
							f	f
Prepayments and accrued income							19,406	15,881
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR					2022	2021
							f	f
							943
Trade creditors							2,176	2,545
Social security and other		taxes					958	486
Other creditors							27,280	24,563
Accrued expenses
							31,357	27,594
MOVEMENT IN FUNDS						Net	Transfers
						movement	between	At
					At 1.1.22 f	in funds f	funds f	31.12.22
Unrestricted funds General Fund Fixed Asset Fund Scholarship Fund Retirement Fund					495,567 8,197,866 2,556,000 10,174,822	(19,144) 205,469 (115,000) (1,498,630)	(94,983) 115,000	381,440 8,403,335 2,556,000 8,676,192
					21,424,255	(1,427,305)	20,017	20,016,967
Restricted funds India Fund					35,057	(15,040)	(20,017)
TOTAL FUNDS					21,459,312	(1,442,345)		20,016,967
Net movement in funds, included			in the above are as		follows:
					Incoming resources f	Resources expended f	Gains and losses f	Movement in funds f
Unrestricted funds General Fund Fixed Asset Fund Scholarship Fund Retirement Fund					452,595 61,483	(471,739) (39,531) (115,000) (112,011)	245,000 (1,448,102)	(19,144) 205,469 (115,000) (1,498,630)
					514,078	(738,281)	(1,203,102)	(1,427,305)
Restricted funds					21	(15,061)		(15,040)
India Fund
TOTAL FUNDS					514,099	(253,342)	(1,203, 102]	(1,442,345)

						Net	Transfers
				At 1.1.21		movement in funds	between funds	At 31.12.21
Unrestricted funds				E		E	f	f
General Fund Fixed Asset Fund Scholarship Fund Retirement Fund				632,289 8,237,397 2,555,999 8,969,139		8,333 (39,531) (109,998) 1,205,684	(145,057) 110,000	495,565 8,197,866 2,556,001 10,174,823
Restricted funds				20,394,824		1,064,488	(35,057)	21,424,255
India Fund
							35,057	35,057
TOTAL FUNDS				20,394,824		1,064,488		21,459,312
Comparative net movement		in funds, included	in	the above are as follows:
				Incoming		Resources	Gains and	Movement
Unrestricted funds				resources E		expended f	losses f	in funds
General Fund Fixed Asset Fund				443,721		(435,388)		8,333
Scholarship Fund Retirement Fund				17,597		(39,531) (109,998) (148,675)	1,336,762	(39,531) (109,998) 1,205,684
				461,318		(733,592)	1,336,762	1,064,488
TOTAL FUNDS				461,318		(733,592)	1,336,762	1,064,488
A current year 12months	and	prior year 12months		combined position	is as	follows:
						Net	Transfers
				At 1.1.21	movement in funds		between funds	At 31.12.22
Unrestricted funds						E	f	f
General Fund Fixed Asset Fund Scholarship Fund Retirement Fund				632,289 8,237,397 2,555,999 8,969,139	(10,811) 165,938 (224,998) (292,946)		(240,040) 225,000	381,438 8,403,335 2,556,001 8,676,193
Restricted funds				20,394,824	(362,817)		(15,040)	20,016,967
India Fund
						(15,040)	15,040
TOTAL FUNDS				20,394,824	(377,857)			20,016,967

A current year 12months and prior ye	ar 12months combined net mov	ement in funds, inc	uded in
	Incoming resources f.	Resources expended E	Gains and losses E	Movement in funds f
Unrestricted funds General Fund Fixed Asset Fund Scholarship Fund Retirement Fund	896,316 79,080	(907,127) (79,062) (224,998) (260,686)	245,000 (111,340)	(10,811) 165,938 (224,998) (292,946)
	975,396	(1,471,873)	133,660	(362,817)
Restricted funds India Fund	21	(15,061)		(15,040)
TOTAL FUNDS	975,417	(1,486,934)	133,660	(377,857)

							2022		2021
							f		f
Financial assets at fair value		through	income	and expenditure
Listed investments							10,815,368		12,480,947
The incomes, expenses,	net	gains	and net losses attributable		to the charity's	financial	instruments	are	summarised	as
follows:
							2022		2021
							f		f
Net gains and losses (including		changes in fair		value)
Financial assets measured	at fair value through			net income/expenditure			(1,448,102)		1,336,762