2023-03-31-accounts - Charity For Roman Catholic Purposes Administered In Connection With The Congregation Of The Franciscan Missionary Sisters (Littlehampton)

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Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative
Charity		Registration	Number:	232931
Address				Thc Gcncralate
				St.Joseph's Convcnr
				Fast Succt
				Litdcharnptnn
				IVcst Susscs
				BN17 IkAI)
Reverend Mother General (Trustee)				Sister B.Bokvcrs
General		Council (Tmstecs)		Sister C A hlcLauglan
				Sister Ehlotris
				Sister CBKnowlcs
				Sister Promothni	Ekka
Provincial Bursar				his Junc Sheppard
Auditors				Hudson ik Co
				XViston House
				1 Wiston Avenue
				teorrhing
				BN14 'IQL
Solicitor				SBP Latv Sohrt tort
				Glade House
				52-54 Carter I.anc
				London
				EC4V 5EI.
Bankers				Idoyds Bank pic
				1 Beach Road
				Lirdchampton
				Wycst Sussex
				BN17 SHY
Fmancial		Advisors		Moore Iongston	SnuCk Financial Adnscrs	ltd
				105StPeters Street
				St Albms
				Hcrts.
				.'11.1 3El
Inve	atm cnr Asset Marugers			Quthcr Chcrior
				85 Quccn Victoria Strcct
				London
				EC4V 4AB

				Unrcsuicrcd	Unrcsuicrcd	Unrcsrricccd	Unrcsrricccd
				Funds		I-unde
			Nose	20&D		2022
							L
Income
Voluntary income
Donations and lcgacics					81!,642		14,713
Actitsues in funhcmncc ofthc
cbantlrs objects:
fccs and charges fnr residential		snd care scnsces		li,v91,088		1,(78,806
Sist rs' salaries and pensions					116,402		108, 00
Govcrnmcnt Covid-19 buants					0		55,852
Investmcnt mcomo					2'I 8,827		170,974
Sundry mcomc					20,751		28,721
Profit on disposd of fixed asscrs					8,(i00	1,002,638
Total Income				2,244,310		3	060354
Expenditure
8iriat Fiidr
Invesuncnt management fees					43,592		65,552
CI nr Iir r~raatrrrs
Costs ofacuvincs in fuctherancc		ofdic Trust's objccrs:
Cost ot provxchng residential	and cate services			2,109,256		2,006,465
biissionarl ivork and cliaritablc		donationsi			l.i,745		11,648
Uphccp of Congrcgmon					230,704		183219
Total Expenditute				2,397,297		2	2(ai,884
Net Income/(Expenditure)	before gains/(tosses)		on invcstmcnts	-152,987			791,470
Nct gains on invcstmcnt asscrs				(1,1923381			28,164
Net (expenditure)/income				-l,s4S,645			765,306
fund balance brought for nard				~ll	944,019	11,178,713
Fund bal nc carried fonvard

						2023	2023	2022.	2022
Fixed Assets
Tangtb)e assets							2,93,554		3,036,122
Investmcnrs							7,540,195		8,845,005
							10,477,749		1),881,127
Current Assets
Debtors						121,205		42396
Cash at bank		and in	band			95,856		121,292
						217,061		17U,688
Creditors; Amounts			falling due
within one	year
t'tccruals								107.796)
Net Current		Assets					120,625		62,892
Total Assets		lese Current L)abilides
Umestricted		Funds	and		Reserves
Property and		Equipmcnt			fund		2,937,554		3,036,122
bicdical and	Retirement			ptoviston			4,000,000		4,000,000
Formauons	fund						400,UUU		400,000
Accumulated		fund					3,760,820		4,507,897
									1 1,944,019

			202S
			A'
Cashgows *em Operating	Acdvities
14et cash provided by/(used	m)	Operating Accedes		(341,108)		(270,380)
Cahilows I'rom Investing	Activities
ictcrcst rcccived			218,827		170,924
Purchase of tangible seed assets			(23,908)		(46,631)
Disposal ofseed assets			8,600		1,008,894
Disposal ofiovcstmcnts			1,314,097		2, 1 20,024
Purchase oftnvestments
Net Cash provided by/(used		in) Investing Activities		!202,880		815,154
Net Cash provided/(used)	in	the year		54398		544774
Inctease/(Decrease) in Cash		and Cash Equivalents		(543,988		544,774

			Staff			Otbet costs
	Analysis ofTotal Resources -2023		&agency			including	Total	Total
			Costs	Depreciation		Support costs	2023	2022
	Cost ofgenerating funds Activlrics in furtherance	ofobjects	1,246 125	122,4 6		43,392 983,104	43,592 2353,706	G5,352 2201 332
			1,246,125	122,476		1,028,696	2,397,297	2,266,884
			Staff			Other costs
	Analysis ofTotal Resources -2022		&agency			including	Total
			Costs	Depreciation		Support costs	2022
	Cost ofgenerating knds Acnvlnes m furtherance	ofobjects	I 188627	126,283		65,552 886 422	65 537 2201 332
			1188627	126283		951 974	2 26G 884
	Governance costs induded in support cost						2023	2022
	Audit fcc
	Smff costs include thc folloainw
	Lragcs slid ssl'lfles Social sccumy enate Pension costs						1,160,649 67,307 18,169	1,104,132 67,947 16,553
							1,24G,125	1,188,627
	Avemgc number ofpersons cmpl eyed during rhc tear			was
	Yh ' tnntces who src dso die srnnor mansbumcnr ream rescued The trustccs werc rclmburscd for reasonable rravd costs mcurrcd No employees emoluments werc in excess of$60,000.				nn remuncrxu Jn dnnng die fo n in pcrformancc ofdrcir dulia~.
3	Net income/expenditure	is stated after charmng/credhfngr

		4	Tangible Fixed Assets				Furniture,	Furniture,
					Land and		Fittinm	and	Motor
			Cost or Valuation		Buildin~		Fquipmem		Vehicle	Tots!
			At 1st Aprd 2022 Addinons at cost/valuauon		3,963,087		1,226,G58		252l,565	o,442,310
			Dispose!a				\0,908		13,000	23,908
			1t31st March 2023		3963087		1237 566		250 142	5450795
			Depreciation
			At 1st April 2022 Charge for the year Disposals		1,157,259 66,187		1,033,948 3'),710		214,9SI 16,584	2,406,1SB 127,47G
			At 31stbfarch 2023 Net Book Value		1,223	441	1 073	658	21G142	2,513241
			At 31stblnch 2023		2,'139,646		163,908		34,000	2 937,554
			At 31st 1larch 2022		2,805 828		192	710	37,584	3,036 122
	5		Fixed Asset Investments
									2023	2022
			1larkct vdue Ltstcd lnvcnmcnts
			At 1st April 2022
			AddiYlous						7,970,615	7,680,746
			Dlsposals pro«cede						1 720496	o 438 057
			Net Barns/Gfosscs)						01,314,097)	(2,120,024)
			Cash at Brokers						i,184~56	7,970,615
									355,839	874390
			At31st 1farch 2023
			Analysis oflisted lnvcscmcnts
			Die
			Overseas						3,i45,652	4,G39,695
									3,794,544
									7,540,196	7,9'10,615
			Hlstonc Cost
			All Invcstalcnts arche)d pnmarily	m pmridc	an m mrrvon mnar	fsr thc	cl anty.
6			Debtors
									2023	2022
			Trade debtors
			Prcpal ments and accrued inconle						60,667	26,873
									121;l05	4tA,396
7			Creditors
									20s23	2022
		Other crcdhtors and accruals							6

	Unrestricted Funds and Reserves Property and	thfedtcal and	thfedtcal and	thfedtcal and
	Equipmem	RerIrement			Fonnauons			Accumulated		Total
	Fund			Fund		Funds			Fund	Funds
	Balance st Ist April 2022 Net incormng resourc sa:trsnsars 3,036,122			4,000,1100		400,000	4,507,897 ~0-*			11,944,019
	Balanc st 31st'Na ch 207n 2 937554			4000000		400UUU			326082U	10598374
	The property and eqmpmcnt fund is s sum apportioned at th dieu non ot thc ouse«s chariqss ntoncy ded up in Sxed assets and so not freely spendablr.								to reflect the amounr of thc
	Thc medical and retucment care fund is a sum apporaoned at rbc thscrcrion of thc oust s for dte n dtcal cvc and r'uamcrn e oi members ofdte Congr~dun This vms ungmd rhmughnut rha ymr aud mv, bnhsnc rrrpped tu thr. Icvcl expected to be squired fo tb» future care of rhe Srsters in thur old age. It wdl bc cononue to bc urihsed over thc. rcmaming lives ofthe elderly sisters when nr 'ded
	The Fonuann fuadh a term nude ar rhc discs dnn f nhc tbroughnuc the tvorld, parucularly lncha Thc Fund is also tcciviytcs ofom Sisters and thc needs ofthc pcopl« tn India		umtccs m pcmvdc bends f f manna bah ta tpporuoncd at thc discrcuon of rhe uusr s to							the UK md support the
	Reconciliation ofNet Income/(Expenditure to net Cash Ingow/(Outtlotv) (rom Operating Activities								2023	2022
	Nct income/ (expcnthturc) before guns Interest rcccivable								(157,987)	793,470
	Depreciation gncrcssc)/Decrease in dcbrors Increase/(Decrease) in crethtors								(218,82 ) 113,876 (71,809)	(170,924) (876,356) 1,390
Ifl	Analysis ofChanges in Cash and Cash Equivalcnrs during			the Year						2022
	Bdsncc sr 1st Apnl 2022 Nct cash ' ngmv/(outdow)								995,683	450,909 544,774
	Balance at 31sthlarch 2U23
	Summary ofCash and Cash Equivalents
	Cash at bank
	Cash at brokers								95,856 335,8s9	121,293 874,3911