CHARITY NUMBER:
2Z9394
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR
THE SISTERS OF THE BLESSED SACRAMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

THE SISTERS OF THE BLESSED SACRAMENT
CONTENTS
PAGE
Legal and Administratwe Information
Trustees, RekM)rt
Statement of Trustees, Responsibilities
Report of the Independent Examiners
5tatemenl of Financlal Actlvitles
Balance Sheet
Notes to the Financial Statements

THE SISTERS OF THE BLESSED SACRAMENT
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Marie Joan Fulgoney ISi5ter Mary Andrew)
Joan Forristal Isister Mary Patrick)
Mary Catherine Murphy (Sister Catherine)
Zita Fogarty (Sister Zital
Charity number
229394
Principal address
Upper Beeding
steyning
West Sussex
BN44 3TF
Independent Examiner
Mark Cummins FCCA
TCGroup
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Bankers
Barclays Bank PIC
139 North Street
Brighton
East Sussex
BN44 3TN
Lloyds Bank
41-43 South Street
West Sussex
BNII 3AU
Solicitors
Dean Wilson LLP
Rldgeland House
165 Dyke Road
Brighton
East Sussex
BN3 ITL
Investment advlsors
Greenbank
30 Gresham Street
London
EC2V 7QN

THE SISTERS OF THE BLESSED SACRAMENT
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Tru5tee5 present their report for the year ended 31 December 2023 under the Charities Act 2011,
together with the audited accounts forthe year, and confirm that the latter comply with the requirements
of the Act, the Tnjst Deed and the Charities Statement of Recommended Practice 2005.
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governlng Document
The Charity Is governed by a Trust Deed and by the Constitutions of the Congregation of the Blessed
Sacrament.
THE TRUSTEES:
The Trustees are appointed from within the Religious Congregation.
The Trustees of the Charlty during the yearwere as follows:
Marie Joan Fulgoney (Sister Mary Andrew)
loan Forristal (Sister Mary Patrick)
Catherine Murphy (Sister Mary Catherine)
Zita Fogarty (Sister Mary Zital
The discretion of appointment and withdrowal of Trustees is the responsibility of the Superior General of
the Congregation of the Blessed Sacrament and the General Council of the Congregation.
The Superior General is Sisterjailde Soares de Araujo. who is currently residing at 113 Avenue Victor Hugo,
26000 Valence - France.
THE sisfERS OF THE BLESSED SACRAMENT:
The Sisters of the Blessed Sacrament are the English region of The Congregation of the Blessed
Sacrament, based in Valence, France. The Sisters of the Blessed Sacrament maintain the Sisters of the
Blessed Sacrament in two Community Houses (Upper Beeding and Henfleldl. They also provide funds for
various religious and charitable causes.

THE SISTERS OF THE BLESSED SACRAMENT
TRUSTEES, REpoirr
FOR THE YEAR ENDED 31 DECEMBER 2023
MISSION STATEMENT:
The Sisters arrived from France in 1903 and opened the school known as The Towers Convent School.
Following the closure of the School in July 2020, the Sisters of The Blessed Sacrament, slgned a lease with
the Trustees of Steyning Grammar School Foundation on the 6, July 2020. The Lease will be for the
educational and school purposes of the young people of the community in and around the area of Steyning
and those in any other catchment a￿a of other local schools in West Sussex who may wish to attend The
Towers.
The Sister5 aim to carry on supporting children and young people, based on the educational vision of
Blessed Peter Vigne, the founder of the Order, whose vision is captured in their mission statement:
As a Gospel centered Eucharistic community, we:
strive to build a loving environment, whlch enables all to grow in the knowledge and love of God and
of each other-
where each individual will be equally valued-.
and by supporting the ethos of Steyning Grammar School where all may
flourlsh, academically and personally, developing their own talents and valuing the unique gifts of
those around them.
AIMS OBJECTIVES, AND AcfiviTIES:
The main aimsof the Charity are:
the advancement of religion
education one Sister currently involved full-time teaching
relief and 5UPPOrt of those in need especially Sisters working in overseas missions
the support of the religious work carried out by the members of the Congregation particularly In:
parish ministry
hospital chaplaincy
support to those in Care Homes and Nursing Homes
5UPPOrt to the housebound and vulnerable lonely people.
Encouraging and supporting the provision of worship within the wider community and the school,
particularly in promoting Christian Union groups.
Since the closure of The Towers school in July 2020, the Sisters have continued to be involved in education
by voluntary offering their teaching experience to support the students of Steyning Grammar School.
The Governors. Staff and Parents of Steyning Grammar School are very respectful of The Towers ethos and
values and welcome the pastoral support and involvement of the Sisters.

THE SISTERS OF THE BLESSED SACRAMENT
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Risk Management:
The Trustees have conSide￿d the main risks to which the charity is exposed, in particular those relating to
the specific operational areas of the charity, its investments, and its finances. The Trustees believe that by
monitoring reSe￿e levels, by ensuring controls exist over expenditure and by ￿VIewIng the operational
and business risks faced by the charity, they have put in place effective systems to mitigate those risk5
SAFEGUARDING:
The Trustees and members of the Charity fully comply with the Safeguarding Policies of Steynin8 Grammar
School and all have had D.B.S. checks. Since the closure of the school all school records pertaining to staff
and students have been transferred to an archive data company, in compliance with G.D.P.R.
FINANCIAL AcfiviTIES AND RESULTS:
The Trustees consider that the charity's assets are available and adequate to fulfil the obligations of the
charity
RESERVES
The total reseNes at 31 December 2023 were £3,842,805 {2022: 3.933,1591 of which £604,14312022:
597,5691 has been designated for the Aged Sisters Fund as set out in note 15. Free reseryes totaled
£466,75012022= E448,6061. These funds are Sufficient to meet the future requirement of the charity.
DICLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS:
The Trustees have confirmed that there is no information of which they are aware and which is relevant
to the independent exam that has been withheld from the independent examiners.
Approved by the Board of Trustees of the Sisters of the Blessed Sacrament on
its behalf by=
nd signed on
Signed on behalf of the Trustees
Joan Forristal {S
r Mary Pat
Trustee

THE SISTERS OF THE BLESSED SACRAMENT
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees of The Sisters of the Ble55ed Sacrament are responsible for preparing the Trustees, Report
and the accounts in accordance with applicable law and United Kingdom Accounting Standards Iunited
Kingdom Generally Accepted Accounting Practicel, including Financial Reporting Standard 102 'The
Financial Reporting Standard in the UK and Republic of Ireland,.
Charity law requires the trustees to prepare accounts for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resource5 and application of resource5,
including the income and expenditure of the charity for that year.
In preparing these accounts the trustees are requlred to..
select suitable accounting policies and apply them consistently
obserye the methods and principles in the applicable Charitie5' SORP,.
make judgements and estimates that are reasonable and prudent- and
prepare the accounts on the going concern basis unless It Is inappropriate to presume the charity will
continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the accounts
comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the
provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE SISTERS OFTHE BLESSED SACRAMENT
REPORT OF THE INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS
Independent examlnerfs report to the trustees of The Sisters of the Blessed Sacrament
I report on the accounts of the Charity for the year ended 31 December 2023. which are set out below.
Responsiblllties and basis of report
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirement5 of the Charities Act 20111'the 2011 ACVI.
Having satisfied myself that the accounts of the Charity are not required to be audited and are eligible for
independent examination, I report in respect of my examination of your charitls accounts as carried out
under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by
the Charity Commission under section 145151 Ibl of the 2011 Att.
Independent examlnerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe..
111 Accounting records were not kept in respect of the Charityi or
121 The account5 do not accord with those records.. or
{31 The accounts do not comply with the accounting requirements of the 2011 Act other than any
requirement that the accounts give a 'true and falr VIe￿ which 15 not a matter considered as part of
an independent examination; or
141 The accounts have not been prepared in accordance with the method5 and principles of the
Statement of Recommended Practice for accounting and reporting of charitie5.
I have no concerns and have come across no other matters in connection with the examination to whl¢h
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mark Cummlns FCCA
for and on behalf of
TC Group
Office: Steynin81 Wesi Sussex
Dated

THE SISTERS OF THE BLESSED SACRAMENT
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Notes
UNRESTRicfED DESIGNATED
TOTAL
TOTAL
FUNDS
FUNDS
2023
2022
INCOME FROM:
Donations and legacie5
Other trading activities
Investments
49.448
55.722
22.494
21,926
149,590
49,448
55.722
29.068
21.926
156,164
56,383
45,722
13,523
21,514
137,142
6,574
Other income
Total intome
6,574
EXPENDITURE ON:
Raising funds
Charitable activities
8,017
249,367
257,384
8,017
249.367
257.384
11,12S
241,187
252,312
Total expendlture
io
Net Incomellexpenditurel before
transfers and Investment galnslllosses)
1107.7941
6.574
1101,2201
1115,1701
Gains/llossesl on investments
13
10,866
10,866
164,7821
Net incomellexpenditurèl and
movement In funds
196,9281
6.574
{90,3541
1179,9521
Fund balances brought forward
3.335.590
597,569
3,933,IS9
4,113,111
Fund balance5 carrled forward
Is
3,238,662
604,143
3.842.805
3,933,159
The statement of financial activities Includes all galns 2nd losses recogni5ed in the period. All income and expenditure
derives frtsm continuing activitiès..
The notes on page 9 to 17 form part of these accounts.

THE SISTERS OF THE BLESSED SACRAMENT
BALANCE SHEET
A5 AT 31 DECEMBER 2023
2023
zozz
Notes
FIXED ASSETS
Tan8ible Assets
Investments
12
13
2.322.239
449,673
2,452.523
432,461
2,771,912
2,884,984
CURRENT ASSETS
Cash at bank and in hand
Accrued income
1,066,719
1.050,892
1,073,293
1,050,892
CURRENT UABILITIES
Creditors due within one year
14
{2,400)
(2,717
NET CURRENT ASSETS
1,070,893
1,048.175
TOTAL ASSEfs LESS CURRENT
LIA81LITIES
3,842,805
3,933,159
NET ASSETS
3,842,805
3,933,159
REPRESENTED BY:
UNRESTRICTED FUNDS
General funds
15
3,238,662
3,335,590
Designated funds
15
604,143
597,569
3.933,159
3,842,805
3.933,159
The accounts were approved by the board and signed on their behalf by:
Joan Forri5tal I
Trustee
ry Patrick)
Date-.
Charity number.. 229394

THE SISTERS OF THE BLESSED SACRAMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
STATUTORY INFORMATION
The charity is governed by a Trust Deed and by the rules of the Congregation of the Blessed Sacrament.
The principal addressand charity number are detailed in the Legal and Administrative Information.
ACCOUNTING POUCIES
2.1 Basis of preparation
The financial statements have been prepared in accordance with the Charities, Statement of
Recommended Practice ISORP IFR510211 and Financial Reportingstandard 102.
The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are
initially recognised at Cost or transaction value unless otherwise stated in the relevant accounting
policy.
The accounts are presented in Sterling and rounded to the nearest £1.
After making appropriate enquirie5, the trustees have a reasonable expectatlon that the charlty has
adequate resources to continue in operatianal existence for the foreseeable future. The charity
therefore continues to adopt the going ¢on¢ern basis in preparing its financial statements.
2.2 Income
Investment income and other trading activity income is accounted for on an accruals basis.
Donations, legacies, grants and other voluntary income are accounted for as and when entitlement
arises, the amount can be reliably measured and the economic benefit is considered probable.
Where a donor or an appeal h35 imposed restrictions the income is credited to a restricted fund.
23 Expenditure
Expenditure is accounted for on an accruals basis with irrecoverable VAT included with the item to
which it relates.
Govemance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include the audit fee5 and costs linked to the strategic management of
the charity.

THE SISTERS OF THE BLESSED SACRAMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
cont'd
2.4 Tangible fjxed assets and depreciation
Tangible fixed a55ets other than freehold land are stated at cost less depreciation. Depreciation 15
provided at rates calculated to write off the cost less estimated residual value of each asset over its
expected useful life asfollows:
Freehold13nd is not depreciated
Freehold buildings
15-50 years straight line
Fixtures, fittings and equipment
20% and 25% stralght Ilne
Computer equipment
33% strai6ht line
Motor vehicles
25% reducing balance
Minor item5 of capital expenditure up to £l.000 a￿ written off to the Staternent of Financial
Activities a5 incurred.
2.5 Investments
Listed investments are Included at falr value as at the balance sheet date. Unrealised gains and10sse5
arising on revaluation are credited or charged to the Statement of Financlal Attivities and are allocated
to the appropriate fund according to the ownership of the underlying assets.
2.6 Cash at bank and In hand
Cash at bank and in hand include5 cash and short term highly liquid Investments. The trustees seek to
use short and medium term deposits where possible to maximise the return on monies held at the
bank and to manage cashflow.
2.7 Debtors
Trade and other debtors are recognised where the charity has a present obligation resulting from a past
event that wlll probably result in the transfer of funds to a third party and the amount due to settle Ihe
obligation can be measured or estimated reliably.
2.8 Credltors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in a transfer of funds to a third party and the amount due to settle
the obligation can be measured orestimated reliably.
io

THE sisfERS OF THE BLESSED SACRAMENT
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING pouaES
cont'd
2.9 Fund accounting
Unrestricted funds comprise those fund5 which can be used in accordance with the charitable
objects at the discretion of the trustees.
Designated funds comprise those funds set aside by the trustees out of general funds for specific
purposes or projects.
2.10 Judgements and key sources of estimation uncertalnty
In the application of the company's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estimates.
The estimate5 and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the year in which the estimate Is revised where the revlslon
affects only that year, or in the year of the revision and future years where the revision affects both
current and future years.
a. Criticol o¢¢ounting e5timate5 and u55umptions
The charity makes estimates and assumptions concerning the future. The resulting accounting
estirnates will. by definition, seldom equal the related actual results. The estimates and assurnptions
that have a significant risk of causing a material adjustment to the carrying amourbts of assets and
liabilities within the next f inancial yearare addressed below.
i) Useful economlc Ilves OA tunglble u55ets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful
economic lives and residual values of the asset5. The useful economic lives and residual values are
re-asse55ed annually. They are amended when necessary to reflect current estimates. based on
technological advancement. future investments, economic utilisation and the physical condition of
the assets. See note 12 for the carrying amount of the property plant and equipment. and note 2.4
for the useful economic lives for each class of assets.
11) Impoirment oAdebtors
The charlty makes an estimate of the recoverable value of trade and other debtors. When assessing
impairment of trade and other debtors, management considers factors including the current credlt
rating of the debtor, the ageing profile of debtors and historical experience.
li

THE SISTERS OF THE BLESSED SACRAMENT
NOTES TOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
TURNOVER
The turnover of the charityls wholly attributable to the objects of the charity as stated in the
Trustees, Report and is earned entirely within the UK.
NFf INCOME/IEXPENDITURE)
This is stated after charging..
2023
2022
Depreciation
130,284
130,172
2,700
Independent examiners fees
TAXATION
The Slsters of the Blessed Sacrament is a ReElStered Charity (number= 2293941. All activities are
undertaken to fulfil the primary objectives of the charity and are therefore exempt under PART 10 of
the Income TaxA¢t 2007 and section 256 of the Chargeable Gains Act 1992.
INCOME FROM DONATIONS AND LEGACIES
UNREsfRicfED
DESIGNATED
TOTAL
2023
TOTAL
2022
Donations and glfts lincludlng
Sisters pension benefit51
49,448
49148
56,383
49,448
49A48
56,383
INCOME FROM OTHER TRADING ACTIVITIES
UNRESTRicfED
DESIGNATED
TOTAL
2023
TOTAL
2022
Lettings income- school premises
55.722
55,722
55,722
55,722
45,722
45,722
12

**THE SISTERS OF THE BLESSED SACRAMENT NOTES TO THE FINANCIAL  STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **8 INCOME FROM INVESTMENTS** 

|Dividends from listed investments<br>Interest receivable|**UNRESTRICTED**<br>**DESIGNATED**<br>**TOTAL**<br>**TOTAL**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>11,534<br>-<br>**11,534**<br>10,703<br>10,960<br>6,574<br>**17,534**<br>2,820<br>22,494<br>6,574<br>**29,068**<br>13,523|
|---|---|



## **9      OTHER INCOME** 

|**2023**<br>**2022**<br>**£**<br>**£**<br>Other Income<br>**853**<br>-<br>Department for Work and Pension and Teachers Pension income<br>**21,073** 21,514<br>**21,926**<br> 21,514<br>**10    ANALYSIS OF EXPENDITURE**<br>**DEPRECIATION**<br>**OTHER**<br>**COSTS**<br>**TOTAL**<br>**2023**<br>**TOTAL**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**Cost of raising funds:**<br>Financing costs<br>-<br>8,017<br>**8,017**<br>11,125<br>**Total cost of raising funds**<br>-<br>8,017<br>**8,017**<br>11,125<br>**Charitable expenditure:**<br>Welfare<br>-<br>70,381<br>**70,381**<br>71,776<br>Premises<br>130,284<br>41,121<br>**171,405**<br>160,509<br>Support and governance<br>-<br>7,581<br>**7,581**<br>8,902<br>**Total charitable expenditure**<br>130,284<br>119,083<br>**249,367**<br>241,187<br>**Total expenditure**<br>130,284<br>127,100<br>**257,384**<br>252,312<br>**Analysis of support and governance costs:**<br>**TOTAL**<br>**2023**<br>**TOTAL**<br>**2022**<br>**£**<br>**£**<br>Governance costs:<br>Independent examiners fees<br>**2,400**<br>2,700<br>Total governance costs<br>**2,400**<br>2,700<br>Other support costs<br>**5,181**<br>6,202<br>**7,581**<br>8,902|**2023**<br>**2022**<br>**£**<br>**£**<br>Other Income<br>**853**<br>-<br>Department for Work and Pension and Teachers Pension income<br>**21,073** 21,514<br>**21,926**<br> 21,514<br>**10    ANALYSIS OF EXPENDITURE**<br>**DEPRECIATION**<br>**OTHER**<br>**COSTS**<br>**TOTAL**<br>**2023**<br>**TOTAL**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**Cost of raising funds:**<br>Financing costs<br>-<br>8,017<br>**8,017**<br>11,125<br>**Total cost of raising funds**<br>-<br>8,017<br>**8,017**<br>11,125<br>**Charitable expenditure:**<br>Welfare<br>-<br>70,381<br>**70,381**<br>71,776<br>Premises<br>130,284<br>41,121<br>**171,405**<br>160,509<br>Support and governance<br>-<br>7,581<br>**7,581**<br>8,902<br>**Total charitable expenditure**<br>130,284<br>119,083<br>**249,367**<br>241,187<br>**Total expenditure**<br>130,284<br>127,100<br>**257,384**<br>252,312<br>**Analysis of support and governance costs:**<br>**TOTAL**<br>**2023**<br>**TOTAL**<br>**2022**<br>**£**<br>**£**<br>Governance costs:<br>Independent examiners fees<br>**2,400**<br>2,700<br>Total governance costs<br>**2,400**<br>2,700<br>Other support costs<br>**5,181**<br>6,202<br>**7,581**<br>8,902|**2023**<br>**2022**<br>**£**<br>**£**<br>Other Income<br>**853**<br>-<br>Department for Work and Pension and Teachers Pension income<br>**21,073** 21,514<br>**21,926**<br> 21,514<br>**10    ANALYSIS OF EXPENDITURE**<br>**DEPRECIATION**<br>**OTHER**<br>**COSTS**<br>**TOTAL**<br>**2023**<br>**TOTAL**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**Cost of raising funds:**<br>Financing costs<br>-<br>8,017<br>**8,017**<br>11,125<br>**Total cost of raising funds**<br>-<br>8,017<br>**8,017**<br>11,125<br>**Charitable expenditure:**<br>Welfare<br>-<br>70,381<br>**70,381**<br>71,776<br>Premises<br>130,284<br>41,121<br>**171,405**<br>160,509<br>Support and governance<br>-<br>7,581<br>**7,581**<br>8,902<br>**Total charitable expenditure**<br>130,284<br>119,083<br>**249,367**<br>241,187<br>**Total expenditure**<br>130,284<br>127,100<br>**257,384**<br>252,312<br>**Analysis of support and governance costs:**<br>**TOTAL**<br>**2023**<br>**TOTAL**<br>**2022**<br>**£**<br>**£**<br>Governance costs:<br>Independent examiners fees<br>**2,400**<br>2,700<br>Total governance costs<br>**2,400**<br>2,700<br>Other support costs<br>**5,181**<br>6,202<br>**7,581**<br>8,902|
|---|---|---|
||-<br>8,017<br>**8,017**<br>11,125||
||-<br>70,381<br>**70,381**<br>71,776<br>130,284<br>41,121<br>**171,405**<br>160,509<br>-<br>7,581<br>**7,581**<br>8,902||
||130,284<br>119,083<br>**249,367**<br>241,187||
||||
||130,284<br>127,100<br>**257,384**<br>252,312||
|||**TOTAL**<br>**2023**<br>**TOTAL**<br>**2022**<br>**£**<br>**£**<br>**2,400**<br>2,700|
|||**2,400**<br>2,700<br>**5,181**<br>6,202|
|||**7,581**<br>8,902|



13 



THE SISTERS OF THE BLESSED SACRAMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11 COMPARATIVE STATEMENT OF FINANCIALA￿1VITIES PERIOD ENDED 31 DECEMBER 2022
Note
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
TOTAL
2022
INCOME FROM:
Donations and legacie5
Other trading activities
Investments
Other income
56,363
45,722
12,736
21,514
136,355
56,363
45,722
13,523
21,514
137,142
787
Total income
787
EXPENDITURE ON:
Raising funds
Charltable activities
Total expenditure
11.125
241,187
252,312
11,125
241,187
252,312
li
Net income/{expendlturel before
transfers and Investment
1115,957}
787
(115,170)
Gains/losses on investments
13
(64,782}
{64,7821
Net movement in fund5
1107,987}
787
1105,7021
Fund balances brought forward
3.516.329
596.782
4,113,111
Fund balances carried forward
15
3.335,590
597.569
3,933.159
14

THE SISTERS OF THE BLESSED SACRAMENT
NOTE5 TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12 TANGIBLE FIXEDASSETS
FREEHOLD
PROPERTY
MOTOR
VEHICLES
TOTAL
Cost
At l January 2023 & 31 December 2023
4,974,404
12.830
4,987,234
Depreciation
At l January 2023
2,532,306
2.405
2.534.711
Charge for year
127,678
2,606
130,284
At 31 Decernber 2023
2,659,984
5,011
2,659,995
Net Bookvalue
At 31 Decernber 2023
2,314,420
7,819
2,322,239
At 31 Decernber 2022
2,442,098
10.425
2,452.523
The charity rents part of it5 main site to a local educational establishment. The fair value of the component that
Is rented cannot be measured reliably, and therefore under FRS 102 it has not been accounted for as an
investment property. The entire property has continued to be accounted for as land and buildings within tangible
fixed assets.
13 INVESTMEP4TS
2023
2022
Falr value
At l January 2023
Additions
Disposals
Unrealised gains/llossesl
432.461
55,285
148,237)
10,164
449,673
496,898
65,565
{69,6071
{60,3951
432,461
At 31 December 2023
The net gain on investments for the year of £10,866 is comprised of unrealised gains of £10,164 and realised
gains of £702. The net loss on investments during 2022 of £64,782 is comprised of unreali5ed105ses of £60,395
and realised losses of £4,387.
Analysls of Investments
2023
2022
Fair value carried forward
449,673
432,461
Historical cost
407,695
407,695
15

THE SISTERS OF THE BLESSED SACRAMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14 CREDITORS: due within one year
2023
2022
Accruals
2.400
2.717
2,400
2,717
15 SUMMARY OF FUND MOVEMENTS
AT I JANUARY
2023
INCOME
EXPENSES
GAINS/
(LOSSES)
AT31
DECEMBER
2023
3,238,662
604,143
3,842,805
General reserves
3,335,590
597,569
3,933,159
149,590
6,574
156,164
1257,3841
10,866
Aged Sisters Fund
1257,3841
10,866
General reserves:
These are funds to be spent or applied at the discretion of the Trustees to further any
of the charity's objectives.
Deslgnated funds: Aged Sisters Fund - This fund is deposited for use when a Blessed Sacrament Sister
of the region of England/lreland requires additional care, hospitalisation or medical
help.
16 Af+lALYSIS OF NET ASSETS BETWEEN FUNDS - 2023
UNRESTRICTED DESIGNATED
FUNDS
FUNDS
TOTAL
Fixed assets
2,771,912
469,150
12,4001
2,771,912
1,073,293
12,400)
Current assets
604,143
Creditors: less than one year
3,238,662
604.143
3,842,805
16

THE SISTERS OF THE BLESSED SACRAMENT
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16 ANALYSIS OF NET ASSEfs BETWEEN FUNDS- 2022
convd
UNRESTRicfED DESIGNATED
FUNDS
FLJNDS
TOTAL
Fixed assets
2,884,984
453,323
12,7171
2,884.984
1,050,892
12,717)
3,933,159
Current assets
597,569
Creditors: less than one year
3,335,590
597,569
17 RELATED PARTIES
The Trustess are all Slsters of the Congregation and received no remuneration for their services to
the charity. However, all Trustees reside in the charitWs Community Houses and are sustained by
the charity on the same terms a5 the other Sisters.
There were no related party transactions during 2023 or 2022.
18 CONTROL
The charity is controlled by its trustees.
17