2022-12-31-accounts - The Society Of The Divine Saviour

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		Page
Trustees Report		1-8
Independent Auditors'	Report	9- 12
Statement ofFinancial	Activities	13
Balance Sheet		14
Statement ofCash Flows		15
Notes to the Financial	Statements	16-28

In 2022, we had a lot ofcelebration:	In 2022, we had a lot ofcelebration:
Baptism	1s Holy	Confirmation	Wedding	Funeral
	Communion
145	210	185		170

Reference	and administration	and administration
Trustees			FrRichard Mway	SDS,Provincial				and Chair
			Fr Michael Doherty		SDS,Vicar		provincial		and Bursar
			Fr Paul Harris SDS,		Consultor
			Fr Thomas Malal Muchail SDS,				Consultor		(appointed	18January 2023)
			Fr Henry Nevin SDS, Consultor				(resigned		18January	2023)
Provincial	Office		191High Road
			Harrow Weald
			Middlesex
			HA3 5EE
Charity Registration		No	231410
Financial	Accountant	to the Trustees	Evolve Accounting		and	Tax Solutions Ltd
			Congress House,
			14Lyon Road
			Harrow,
			HA1 2EN
Investment	Advisors		BlackRock Investment			Managers
			33King Williams	Street
			London
			EC4R 9AS
Auditors			UHY Hacker Young
			Quadrant House
			4 Thomas More Square
			London
			E1W 1YW
Principal Banker			Royal Bank ofScotland 1"Floor Houblon House
			62-63 Threadneedle		St
			London
			EC2R 8HP
Solicitors			Stone King LLP
			16StJohn's Lane
			London
			EC1M4BS

								Total	Total
						Unrestricted	Restricted	Funds	Funds
						Funds	Funds	2022	2021
					Note
Income and endowments			from:
Parish collections							164,426	164,426	145,762
Priests' salaries,		pensions		and pastoral	offerings	135,642	635	136,277	158,169
Donations and legacies						66,584	96,296	162,880	156,397
Investments						142,198		142,198	153,664
Other						8,499	19,807	28,306	29,442
Total						352,923	281,164	634,087	643,434
Expenditure on:
Charitable activities					4 (ak b)	(433,438)	(258,940)	(692,378)	(742,391)
Other expenditure					5				(30,756)
Total						(433,438)	(258,940)	(692,378)	(773,147)
Net expenditure						(80,515)	22,224	(58,291)	(129,713)
Other recognised	gains/(losses):
Net gains/(losses)		on investments			10	111,721		111,721	287,470
Net movement in	funds					31,206	22,224	53,430	157,757
Reconciliation offunds:
Total funds brought		forward				5,653,864	237,241	5,891,105	5,733,348
Total funds carried	forward					5,685,070	259,465	5,944,535	5,891,105

			2022		2021
	Note
Fixed assets
Tangible assets	9		867,401		1,042,312
Investments	10		4,842,674		4,568,085
			5,710,075		5,610,397
Current assets
Debtors		68,611		45,035
Cash at bank and in hand		451,844		565,550
Net current assets
		520,455		610,585
Creditors: Liabilities falling due
within one year	12	(81,973)		(125,855)
Total assets less current liabilities			438,482		484,730
Provision for liabilities	17		(204,022)		(204,022)
Total net assets			5,944,535		5,891,105
The funds ofthe charity:
Unrestricted funds
- General funds			4,571,637		4,532,487
-Designated fund	14		1,113,433		1,121,377
			5,685,070		5,653,864
Restricted funds	15		259,465		237,241
			5,944,535		5,891,105

				2022	2021
			Notes
Cash flows from operating activities
Net cash used in operating activities			(A)	(255,904)	(310,401)
Cash flows from investing activities
Dividends, interest and rents from investments				142,198	153,664
Net cash provided by investing activities				142,198	153,664
Net movement in cash				(113,706)	(156,737)
(A) Reconciliation ofnet income/(expenditure)		to net cash	flow from	operating activities
Net income/(expenditure) for the reporting	period
(as per the statement offinancial activities)				53,430	157,757
Adjustments for:
Depreciation				12,044	16,014
(Gains)/losses on investments				(111,721)	(287,470)
Dividends, interest and rents from investments				(142,198)	(153,664)
Decrease/(increase) in debtors				(23,576)	9,910
(Decrease)/increase in creditors				(43,882)	(52,948)
Net cash used in operating activities				(255,904)	(310,401)
(B)Analysis ofchanges in cash balances	during	the year
Cash and deposits 1January 2022				565,550	722,287
Cash and deposits 31December 2022				451,844	565,550
Decrease in cash				(113,706)	(156,737)

						Total	Total
				Unrestricted	Restricted	Funds	Funds
				Funds	Funds	2022	2021
2.	Investment	income
	Rental income from investment		properties	97,763		97,763	100,950
	Dividends	received		43,515		43,515	52,317
	Bank interest received			920		920	397
				142,198		142,198	153,664

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5.	Other expenditure	Other expenditure	2022	2021
	Compensation	Claim		30,756
				30,756

Staffcosts and numbers	2022	2021
Salaries	69,215	87,770
Social security costs	732	4,753
Pension costs	2,919	3,229
	72,866	95,752

equivalents, w	as as	follows:
				2022	2021
				Number	Number
Administration	and	support	staff	4	6

Tangible fixed assets		Freehold
		land and
		buildings
Cost
As at 1 January 2022		1,237,139
Reclassification to investment	property	(198,518)
As at 31December 2022		1,038,621
Depreciation
As at 1 January 2022		194,827
Charge for the year		12,044
Eliminated on reclassification		(35,651)
As at 31December 2022		171,220
Net book value
As at 31December 2022		867,401
As at 31December 2021		1,042,312

Investments
		Investment	Managed
		properties	funds	Total
Fair value at 1 January 2022		1,679,750	2,888,335	4,568,085
Reclassifications	from freehold Land k Buildings	162,868		162,868
Revaluation gain/(loss)		200,400	(88,679)	111,721
Fair value at 31	December 2022	2,043,018	2,799,656	4,842,674

	BlackRock	Charities UK Equity Fund	Charities UK Equity Fund	Charities UK Equity Fund	Charities UK Equity Fund			96%
	BlackRock	Charities UK Bond Fund						4%
	Net gainsl(losses)		on investments						2022	2021
	Revaluation	gain/(loss)		on managed	funds				(88,679)	287,470
									(88,679)	287,470
11.	Debtors								2022	2021
	Other debtors								28,851	11,039
	Accrued Income								26,600	25,000
	Prepayment								13,160	8,996
									68,611	45,035
12.	Liabilities:	amounts		falling due within		one		year	2022	2021
	Other creditors								38,563	66,580
	Accruals								43,410	59,275
									81,973	125,855
13.	Financial	instruments
									2022	2021
	Carrying amount		of	financial assets
	Debt instruments		measured at amortised cost						507,295	601,589
	Instruments	measured		at fair value through			profit or loss		4,842,674	4,568,085
									5,349,969	5,169,674
	Carrying amount		of	financial liabilities
	Other creditors								(80,803)	(125,855)
									5,269,166	5,043,819

Designated	Designated
		Opening	Transfer	Unrealised/			Closing
		balance	from	realised gain/	Income	Expenses	balance
			general funds	(losses)
							f.
Insurance	fund	1,121,377		(6,942)	451	(1,453)	1,113,433
		1,121,377		(6,942)	451	(1,435)	1,113,433

		Opening			Closing
		balance	Income	Expenses	balance
The Mission	fund	(3,745)	74,180	(81,791)	(11,356)
The Philangeli fund		1,177			1,177
StJoseph's	Parish	236,871	206,983	(176,649)	267,205
StAnthony	Poor Fund	2,938		(500)	2,438
		237,241	281,163	(258,940)	259,464

16.	Analysis o	fnet assets betwe	en funds
				Unrestricted	Restricted
				funds	funds	Total
	Tangible fixed assets			631,908	235,493	867,401
	Investments			4,842,674		4,842,674
	Current assets			494,405	26,050	520,455
	Current liabilities			(81,064)	(909)	(81,973)
	Provisions			(204,022)		(204,022)
				5,683,901	260,634	5,944,535
17.	Provisions	for liabilities			2022	2021
	Provisions	for compensation	claims		204,022	204,022

19. Comparative	State	me	nt ofFinancial Activities
						Total
				Unrestricted	Restricted	Funds
				Funds	Funds	2021
Income and endowments		from:
Parish collections					145,762	145,762
Priests' salaries,	pensions		and pastoral offerings	157,444	725	158,169
Donations and legacies				32,607	123,790	156,397
Investments				153,664		153,664
Other				16,392	13,050	29,442
Total				360,107	283,327	643,434
Expenditure on:
Charitable activities				(416,107)	(326,284)	(742,391)
Other expenditure				(30,756)	-	(30,756)
Total				(446,863)	(326,284)	(773,147)
Net expenditure				(86,756)	(42,957)	(129,713)
Transfers between	funds			(240,555)	240,555
Other recognised	losses
Net loss on investment				287,470		287,470
				(39,841)	197,598	157,757
Reconciliation offunds:
Total funds brought	forward			5,693,705	39,643	5,733,348
Total funds carried	forward			5,653,864	237,241	5,891,105