REGISTERED CHARITY i%UTrIBER.. 232931 Thr Congr# of th¢ Franeista Sisters {Litdtkampron) Cthxritsble Trn5t Report ofthe Tntte5 and Finjncial Stateme*ts for the Ytar EDded 311¥lxrch 1024
Thf Coigrtgaugn of the Fr4Trti5¢8 Sisters (Littiehampton) ChaLlt¥ble Trust C•ntents Dfthe Stat¢wen(F for thel.tar ERded 31 hlrch 2024 P¥ge Refertllce zBd AdW1lltstr1¥t tkt Report ofth¢Trxste Rrporf of the IMdepe•dent AvdltOb7 Statrmtnt of FIn•Mei AC¢5 10 li Flow Stt¢mtBt 12 IYote5 tts tltt C35h Flow Stxttrnent 13 f*otts to tbt Fwanctsl Ststements
Congreg#tiun uf Ihr Francisca Si5ter% 11.itdchamptonl Charitsble Trust Refer¢nce Jlld Adiiiinisiraii)'c Dciai for the I'e¥r Fthdtd JI larth 2024 REI.TRENL D NIOTHER GL%iERAL ITRUSTEEI Stster B Bowers GENERAL COUliCIL (TRL.STEES) Sisicr C A McLau%hlin Sistrr E Nlorris Si5¢cr C B kno%%lts Sisier Promodini Ekka PROVLYCIAL BURSAR s Jattc Shepp PRINCIPAL ADDRESS SiJoscph's Conveni East Sirte( Liulchampton Wtsi Sussex BN17&QL REGISTERED CHAPJTY NLMBIR AUDoR5 Hod5QD & Co WistDn Huuse I Wistorn Ai'euuE Worthin8 Wcst Su&%eY BN14 7QL Uoyds Barth plc 33-37 .8 Stree[ Bognor Recis West Susicx P021 IRS SOLICITORS SBP l.aw Solitiwr5 Glad¢ Hous¢ 52_54 Carter Llne LondoD EC4V SEL OTHER ADVtSORS SisLer Hel C¢Jsug31Je SHCJ 262 Latymer CourL Hatntn¢rsmith Road W6 7LB InVemei Asset Marogus QuTlreT Clievioe 85 Quttts Victona StrEel London EC4V 4AB
Th¢ Congrtgdiion tyf the Fnnri5can Sisttrs (Litdehitnptonl ch1¢3b7e Trwt Rtporl of Ihc Trn51tts for tht l'ear Ended 31 hlATch 20?4 The tritsiees pieseni Ihcir rcpott with the (ancIAl S(CrnenL$ OI r]ie chariri fLK the )'eaT ed 31 March 2014. Til SLees have adopied the pro¥isions of Accoulliing artd Reportino by CTharities'. Ststeml ol Rctomtncnded PIzLiice zpplicablc cliariiie5 pieparing their a£counls in a¢cord2rtce with the FIMArJ•l Rel18 SiaLdhrd appjicable in ihe L.kgrLd RLpublic of Iieland IFRS 1021 leffecLii'e l January 2019). OBJEcfii.'FS AYD ACTII'ITIES ObjEcdves alm$, princlple aciThitics Th¢ diarithle INST aims ID the rElt0S othcr ch[C workk t4nid by the dcr Jnd lry thc Rom2D Catbolic Churcli and otheTS. These work5 fail LnÈo the following thrtt Jtiain aTeai.' l) Prowidillg residentlxl. social Melfare aud pastora) work To ure tor the ¢ldedy. nwsrnff the cldctty. Vlting tatnilies aud tjdcrly and lTril in their fMiTL bome5- kiSiTing hospital5. organi51Dg ryoup iciiNiucs with young. andn(K SO pasMKal work- in any arca wlier¢ thtre 15 a OT i¥hcTC thcre ts a reqursi forsuppjn. Oper3ti0n5 of residential and care establi$hmthts Thesislcrs prowde ¢2r¢ and SiStance aT thc tolloioo &t¥blishrnents'. UK EwblishmeoT5 ActiTritits St Josryh's Nursin- Home Nursintt car¢ liy" 74 riden oldHotIst Clare's IAThnei¢ io Si Joscpbs) Support for tr11ve5 eLC. ResideoEul Care Home ror19 residthts. St Artnt'K rgeSS Hill S¢ Artthonys G)nvellL Bradftsrd Wc #CLepLed w] offcr of £800.OQO this U)e pn)p¥rty, B-lth exLhall¥L of LDn¢saLts artd ¢pI¢llull LLrYin irt NL)i'cmbcr 2th?3. i) •nd thrlt#ble dupailo Tv can) Oul uPprt MiSSityLary work 1hroOt thc wortd Ihrough tbt JCLlwiiiea of thc SiSLcr& Tv Catholic d opwoNitiit charili£S and cbarithble WOTk5 th[( Ik10 thtOU4knJi the u'oAd whert fun¢t pllow. ¢g coliee InatnO foi Haiii, Nigtri2 and refvbiecs Thc sismprovid¢ care thd as5Lsrance at the follthvin8 LibliShmen15". St Mary ofthe Angels, Knock (Treland) FMSL PTESCe and acLx>Tnrnodation for 0P1£ who visit Knock. Also a èijiriillal outrtach through &n on1inc Gospel sharing gTOIJP. House of Fofmation aiids¢rvicc io IIK&l peoplt includitrg in Education as 1CherS in Ioc3J Scliooli. House Oi Forr031ion and sai'ie LO Ial lE. LLILludiAg pri50rt vi<jtinu 3llLI In pl)n1. hclp tor chilthcn leatning disabjlitios. OD latLd purcbJsed by excess mwey March ?023. Noi yer o¢tupiLxL For Fotmatiots.W0 in tht Parish and senrice to toral
pulaiion. Also al (he reltittd ¢hari¢v up in India.. St Franci.8 ConvellL Mysore. fndia St knthony's conent. Belivadi. India HoLLSe ln V..4Th ATHJP.4114. Keral& Ipdi
The Congr¢gatiLTrn thE Franci$tst) Sisl¢rs ILK¢tieharnpton} C.h2rbtable Trust Repori of the Trusrets for Ehe I'tJr EAd 31 hlarth 2024 OBJEcfivLs AND ACTII'ITtES 3) Upkeep #nd 5UPPOrt of tfre C•n2rtEation To altal develop. c2re for a[ suppon the Sirs and the congre8aiion.and mèintlin and &llbssdise ap0slateS and Ltsvelupan¢J support Sibicrs in FomuDOIL Thc TTUStces cortftrm that the hav£ complied 71 the dviy In £110 17151 of the Chariiics Aei I to have due rtgard 10 Ehe ChaTiiy Commission's gcnwal 1(an¥t on public ben¢fiL .4chievemeLts aud PertOnmCe l) Providing residential aod social 1velf3 #nd pastorol tare Th¢ ConrycbatioD conixnued to provide cart and support thrtwgh its esoblishrtnts and througb the sisitrs activities in the local EoThmuniii¢s_ Occupanci lefrtls were ai7ccfcd by Th£ Co%id pandtmic Isce bclowl ai (he i"Esidenli& care hnmcs throughout thG TIiuc WL% con(iBued prtssur¢ on costs Particularly uiiliiies. food and sLiff costs rtquiring Careful financtal rllamCnL Alrhou4Th we SUEviv¢d the Cowd pandctnjc. cll5UriTSQ th¢ saftry of iuidents, o¢cancY liab never rtallypicked up. Full Ixcupncy has aill to be Jchieved. 2) Missi0Tr2ry wurk aud f britable dDILStL0115 TheMy50r¢ Fonnauon Cpmmuniry colltinu¢s w bertcfit froto the Conwim¥ SJPFKttt ot their V¢'ork mission? jllst as thc l(ul comyDuniry btneliis from the S15t¢ts' presence aiid sirnple li[cs.1ts. Wc have bad furtb¢r building work coryleted in the arra to ¢nable aposiolaw. Ill hlareh ?OJ a quartrr acre plol olland ID tht P810 Diocese of Kala purchwd by FMSL in India, no fid$ from e chariry were used lor this purpose. Therc i3 wenual u) bwld on die13nd ID the iuture and proi.ide a tominunii f FMSL Slers Ln an wilh no Reli..ivus Cu&]yesaiion ptesenct. Thanks lu BcntfaiiOT5 ond peupl¢ irt thc Parisll. the HOUSE. ¢stimated to tske years io lyjild ii Jxow iompldE and rrddy fDIoLoJp8llry. 3> Upke¢p 2nd SUPPOTt of the ConoregaiioTI In the ycat thc c]wiiy ctituiaucd LO SUFPOrt mctDbErs ofthc CDnrnli with thu'r cltgrtuble ¥nd rclisinu5 w'urk A&stssmcni is made conliDUOUily on tbt ¥Jability of cacb house and its ap0s01a. Adaptstion Lb alvdys on the aocnda. Medicalcare contiDued to be providcd for all di¢ Siscers iihitt ouresthlisboxen Our proerti&% Ihat necd¢d majoT refijthishmcni and Main[¢Tllet WCTe trtEd to an ovtsliaul. A maIntente survey was cornpleiEd w all wopct1ies and rcpair w(k" commwictd in orfcrof PTiority. as rttmnmtnded in It 5UNCy. The Thurnber ofkeiidents in ¢ach of our Care Hofft¢s means tha( we havc lo that wc liave a Tcserwe to m¢d the tver incTEasing bills in ULiliiie& iood and $taff costs. Thr trust¢ iQrt¢JttU¢ to tnonitor th¢ ovcrall fthanci f0mlanCe of the tsvsL in ass12[10 with advicc from iLS tillaDLI and prof1n31 advisYts_ IL partiw13r. a more d¢raJl¢d and re.lar reiieii- of the monthl) manRg¢m=nT ports ts widertak¢n lo mrasury perfornianc¢ aKaitLY budget aThd lo [ae thl cosi ctfcctiv¢ness ot the v8nows opernums of the trll5L The Fioan¢¢ Cottltte¢. appoittled a4 a result ofthe Chapter Its NovcmbcT OL?, are ITr die proc¢55 of tonipiliug 31illO ye¥r plon. Iht fi]ture In relauon ro fujance and advanciD8 age of ibe Sibtets. lack ofnew, JounTrer Sisiers and Ihc slL¢ of IhE pn)ptrli£s. We hat only 6 Fitially Profty5ed Sisters 70 years arwj undu in tiijs country. "hillI eflLLL% fuiJre tndnlgrroent aDd TnLStces. Page 3
The Cungrtgation uf Ihe FnNci5tan
Sistets ILittlehampionl
Charltable Tru51
Rtport ofihe Trn&tte5
for the I'¢ir Eded 31 .%lrch 2024
FD4th'CIAL REVIEM,
Yinancial Review
The rcsults for Lhc ytat are pa8e LO. The ]nGome rcsidthts h15 beett MalaIned bul oprrJuonal
expeuthwe incrcasvd Oue to uJftioo4ry tKessure5 and I TO bt kepi cer¥I c41nl durina the yut. thTrnauons
wci< tsj supwrt dit Df k71 t[11¢& and those l¢d io th¢ C".wc¥atson or Ll> The khArJLy
Irhwcd TcJli>¢d and un[115¢a ofL651.983 OD ili iThi't%irrm ¢1 Ehr iVAr. w'hich can bc mainlN' urribuubl¢
dt£reascs in worldwidc inflation and ityi•rsL Tate Ttduciion&
thc yc8r. Ibe clwiry'5 )wplu& cash fillsd% ipvesd in a nu¥ v( fLiAI irttf¢>t and CqUiLi> tn onlcr tict
bcsi pnK%iblc bui safc ItnLm b) th¢ dematt. lor thc fvwre. lolloing vIce from baLk advisers and iui'cbi¥ntn(
broker& Th¢ fulldb" invtsLed are show undu inVMents lh¢ balance
Reserves Poliry lld Financial PositiOD
Desisn3tcd funds have been scr up by rh¢ Tnksiets fur specific PllTP05e5. FITStty. a propew and tyUiPmCTiI lid ,111
1¢pff¥u ihs amixllji of th¢ MLSLS nJon¢y whi£h is lied tsp sn pTrY cquwmenr used ihe residerfial
care &Clivill¢b of thc Iwii and Fell0 triiviiie> of the b151QTs. Secondly. L4.OUO.UVU is Sei aside to provide for tht
sistcrs. medical and Tetireme7Ji care. Fuwrt incomc hL% io cnpc rnorc o( (yy Cunvrnts beiDg dq)endcHt on
CongreTation31 rvs(wces. The Fotm8tion w•s s¢t up 10 8IJPWbrt coniirLU(AJs fDnnativn, both iu UK and
overseas.
TbeTEThainJtLg reprcseoljust widEr tsvo Icars exp¢uditsty< the uwe¢5 belieke arc 5ufficieni and nece55ary
mctt the oagoiTh- WOTksng capiial nr¢L 2s iv¢II as tutjds r¢4uJrtd %0 maintain the (ryKTational a55ets 8
Concu]S senic¢ prov15ion. paryiculaTIy in Tdaiion ro ihi prov15ion to our yeTable beneficianes shDd there b¢ a
unexpe
ConTrTv8ti(bn ofthe Frntscisran Sisters ILattlehamptoD) Cljaritable Trwt RepDrt of ihe Tru5tces for th¢ l-tar Fnded 31 .F41wtb 21124 grRucfuRE, COI,ERr4NCE AND MANAGEML.NT Senior mNOesent ream pay policy lor stniof staff The w51ees consider the b(k2rd ol IDJ>trts are d)e 5cnior mat)anemenL ieam a5 they Compr the kcy maJ¥ociuerti persojxnel uf thE LhdrJ¢5' in ¢tTe ofdireiiinij LUntrDlljn and WdlKnbr die cli8riiy a dav day bas15. All Inlblccs give of thcir timc freely and ine¢S r¢¢¢ived remunaion fr1) lh¢ ch3TiEy in thc y¢ar. Deuill of Iruiiets. e%pen5gs and rclaied pany aniac[lon5 arc di%lod In the lloits tu t¢ou. Salzties of tk ÉcJior employets art by the Bwd of TTUStcts in linc with scrtorpay leyels and markci [¢$. PrknElpal risk5 And uncertaSMttes The Chuiry htts a iormat ri& rnanagun procE55 10 ass{ b1(¥$ ri5k5 ard irnplvn¢ni risk tnAr4gemenL styiieDj¢4. Thtsiiifvolvu idthuryjns th¢ ryp¢s ot'risk5 we May fac4 priontiSiTLg Ibutk in iom5 of irnpatt and lik-¢lihood or rKcurren¢e. and idthtityin- the oi. miij£raiiDE each potential risk. Thi5 i% rcvi¢wed r¢gularly bs, th¢ trllsttts and whue risks are idenLifi4 apwopriaLe mItiall are pui in place. The O]Thational risks thc thaTity faces is I($ of income th[h low Icvcls ofTC5ident occllpancy in thc care hoznrs 8nd poorCQC ratings. The m2ll tinaneial risk is ftum urtder-pvfotmtho infv¢$trLent (lln- and tht rtttyj to ivithi drdu fiLTth from the invcsimtnt Forrfolio to supplcjncnl 5hortfall$ Jll income ttom other sourE¢s. We currody 'lW £50,000 cach month Imm Quilier Ch¢vioi for 5tatr d8<S. How 50DiC niundJ5 dil5 amouni and r¢JUrntd th Quilter Chei-iOL The bustee5 believe Ihat mainthining resems at curreni l¢ve]s. COllLb¢ned WiLh the relriew of thc controls over key fLnaDcial Sysiemb, will proi.jde u[TiCitni rLsouicts in the cytht of &lveTSB cotsdiiions. Thp trusteth have also txarnincd 4)ther uperaixunal and businths risks facEd by the Lbariiy and collfjm thai they ha establis]ied sysiem5 to niii¥aLe the si¥nifiLdnl Rerwitment and #ppointment of Ini$trr$ Appoinmew 91 trustcu Is soi'emtd by the TrDA Deed of the clwiiy. Tb¢ I'nm£ art aYthoTiscd to #ppoini ntw tmstccs fill vacancseth Arisiu8 throu) r¢siwLion or dth of ath exillino trcC e0rdIn 10 the Trust D¢¢d. TheTnts(ec4 are elecied every rhret yeats by tht FinaLEy Pro(ed Sisters of the ConOreall0A. Durinu the preparaiion¢ eleclioll5 ibe Sisters are remittded of thc Role and Responsibiliiies of a Truoee_ - a B02rd of Trusiee5 WC fo11m the suidanetof ihe aiarity Commission on thc Rolcand Res[*7b1htits ofTTllsf¢ and training vf my5tees AJI ar¢ aircady familtor 1{h thc prIcal of th¢ charTty' If WUACC5 io bc #p11¢(L slinn be&10 woujd b= undcnaken io familiari5e ll¢W trLLSLee¥ 'illI lh¥ ch¥iiy Iht conicxL l]irt whicli li oper4Le& Pl¥ps fDr tht Future The CongrrB4tson plw w cotttt#TJi to pIDde rt5idenEUt lfare s¢r¥i¢£s attd p01 rart through Its humes tThd conwnulliti4%. The 54le or ILJn£T ol. orher properrie5 Mill bc considcred on Tbe tRsis.ot- the dFailabiliry ol. mrmbers 10 cupy these propcrtics and their tinanci vjabtlity. The tnainiendllce programnic. alrcady 5fdrrcd. will continue IhrousbrrtEt the year. Page S
The Cun£T¥gation of Iht Frnth£i5catt Sisttrs (Littlehampton) Charitgble Trust Report of the Trustees for ihe I'car F.lldtd 31 F41xrth 2024 TRL'STEES, RESPOliSIBTLITY sfATEME%7 Chiiy liw rcquLf¢s tht ErLL%knS to pr¢p&"e gjve k tnse and fair via¥ of the ofalT•its oiihc Charlble tDJsl and of the surplus or deficii for fthancial y¢2r. IEI 50 tht teS£ rtquired (o.. SelcLL sui18blea¢LovnUn¥ policits dnd then apply them LLILSiStendy- Obrtrve the Tn¢ihods and wiftciples In ihc charilv SORP- Makc jtsdgements and estimatcs thai aTe T&t%onablc PTud£nL Statr Vh¢thEr applicable accountin sundard5 have beerj followeL( yJbjcdiO any iilwrial deparnLre5 discled and eXplned sn the firwicial btsltrneni5' Prepare the ac£otLnts ort a goiDg conc¢m Ynltss li ib ln¥F¢upria to tKesumt ihat ibe charity will ¢OJ1e Eo funcuon. Iru51ocs are rESPMJJsibl¢ for rnaiLiaining prop acc(rtMUn rccolds disclose wth TeHsonable accuTtcy at any iimc The tiTwLcial F[110 Ot- th¢ Chanble and io crtabl¢ th¢m thJr'tht iccounts compty witli Ilie Chariiits Att 2011. They are also Tw#bl¢ lor 5tslwdl8 Llie ai5cts vf Uie diariiable tTUSi and hciice for Lakin rca50nable 51cpb for thE prebeniion aiid dctcciion of fraud and othw iegUlalies. i l.:.%r!X.*..... atyl on Its bthalt by.. Approv¢d oi¢kr of the board of trstetS on...... . Sisicr B Bower5- Tnjslee
R¥pvrt of ihe IndepeThden( Audi{rS lo ihe Tnjsites The of the FraDCi5f4• Si5tcrs ILarrleh¥mptottl Chariidblt Ti-ust Opinioi We bav¢ audited the tinancial 4afem¢nts of The COn¥alln ot rhe FraDciscan Sistets Il.iiilehampTonl Lhariiable TtU5E Iuie thariryll for tlie }'ear thded 31 MaTclI 20.4 i¥bich cotnprisc Ihc Staieiii-yt of Financial AciiNiiies. Ilie Balanct th¢ Casb Floii. S(aEml 7nd Loies io Ihc finaniial sEaiernthts. includiDg 8 sujnjnary oc siy.IfJcaTrt Jccaulltsll¢y policies. The f3¢131 rerM>ning frameii'ork thai hths been appli-d in their prtpai?IlOD i) applicable law Uniied Kin.rtdoin Accoun(Ing Standards Iunikd Kingdom Genall> Accepied A¢counuttg Pracuctj. In oui. opinion Ihc financia] statements= vc a true and fair view of the sLt ofthe ¢harity'S alTairs a5 Jt 31 March ?U?4 aNJ ofits inconiing Ttsources and 8ppli¢atiOn ofresource4 Ehc year rhen cnded: bavtbecn pr(Jpttly preped in 3tCOTthct with Uted Kingdom Qcnuallj Atttptrd Accountin PTaciice,' and bavebeett prepar¢d JD accordanr with thc requiremcTbLS of thc Chariuts Aa 1011. Basis for opinign We cOndcted our dudit in accordance '1th InTernali0[ Sraodard5 Dn Audiiinff IUKI IFSAS (UKII and applicable law. Our leS51b11Illcs un(Itt th(sc ar¢ fllTthcr dcscribcd in thc AlldiioT¢ rcspKJnsibiliDts tor the audif Qt. thc finwi ststcm¢nts' of our rep)fL We are indcFtnd¢i¥l of thc ch4rily in a-ord2Ce 'iik Llje eiliKal qu¢m¢n 4VC r¥l¢vanL ty LW audii orth¢ finwrial in Lhe UK. irtcludins the FRCS &hi¢al SthndaTd, and we have fijlfilled our oiheT dhical responsibilities in accordance with th¢se requircrT)cll We b¢licve Ilia( Llie ouibtevidcuGe ive hav¢ obtained is >uffici¢nl afLd appropnait io provtde a ba$15 t.or OUT Dpinion. Colltlu5iOn5 relatinff to oolnr concern ItL audIng th¢ tiuanc541 staiemvLlS: Ive ha¢ concludcd the tTwees' use olthc uoing CQnCLYn b3SiS Qt accounting in e o" the tinancial aleMe[s is 2ppropriatr. Based tjie work we have perfomied. Ive bave not IdlIf1ca #ny lllaEerrJl uncertaiDueg re12tiLlg lo events or conditions Ehai, indii.1(h1lY or collcctivdy. rnay sithAifL¢aui doubI on ihe cbaiity's ability conunuc as a going conceill for a periud Df di le2sE twelvc munths from when the (Inill staterneuts ate auLhvribed (Dfissue. Our respunsibilities attd the resp¢)bilitiES of the ttuses i¥ith r¢&pec( io going LVJJCtm ue deibed in tli¢ levan[ sections of this reporL O¢h¢r informaaOII The Irus12rs arc rtsponsible for the other itLforrnatson_ The othts rOmllion con¥rises the inlonn21ion inrludcd ity the Annu41 Rew)rt oiher than the fmallciai &tatcmcnts attd Cdlr Rriort olthe 1ndepcrtd[ Audiior5 thereon. Our opmion w tht financial artments does llOI cover the iDfornialiL and. cxeepi to thc E¥tcni odictsyise ¢.Kpli¢itty Stslted in our repJT¢ Th'e do not LYpre55 JTty fomi OrurancE conclu5ioii thcrcJ)n. rn corJnec(ion ws¢h our audit of ihc financial 5kn1cmcnis OUT rtspon5ib1l7L is tD rad Ihe othtr Infurn?all aiid. in doing $0. eonsid¢F whedier the othct inrornialion is 11)aLerially inconsi4cnl with the finan¢ial %thieinenLi or our knowledge obEained in rhe audit or oihcrwisc appears w be niaieriail}Y mlSstslt& If w¢ ideniifj Inaierial IthconijsnCICS or apparent ThatErial misstatLroents. Ive are required to dck"mijtht thether this &vc5 risc EO a maicrial rrtissraiernent ID the tinanLial staivmcrtts Ih¢rn5clves. It, basa on the work F4r have pertorrne( ,¢ ¢onLlude thai there is a m3t¢nal mi5statCTtEcnt of oth¢r intomi&tioTr. we are r4virrd w rrport that tau. We havc thoihMiT ro fcFX)rt in thi5 r¢gard. Igtters ivknich lye rC required to report lTh- exception rtulat10115 We havc noLhirtS LQ iewrt iii rsyci of the lolloiving Tratters where thc Chattties IArcouDts and Reports) Re. 2008 reouites (o report lo jou if. iThour opinion" the Infurmaiion siven irt the Rert uf the Tnjsiees ss incMsisLtThl in any nIaTIal weLt ivith the finLIA1 starroJen¢s" or %uffici¢nt ac¢ountino records haNe not be¢n k¢pl- ti ¢ fmancial SUl¢ttLents arc rtut In are¢[[-nr with the accounttrttt record5 and r<ttlrni. Of 'c hve noi recCiv1 all the infonlI10n and 4Xplali0% we require for our audiL
RwTt of the IndepdeI A¥ditvrs io the Tn551t$ of
The Con¥reoliDn of ihe Fr3nristrJ
Sisters (Littlehamptonl
CharÉtble Ti'u
Responsibiliiits of irustees
. c7p1Aal llhjrr tully in the R£sp)ll1{1teS SLCmtDI. the trm5¢ces arc Ic4>£bIt Cor 1¢ rytpar4li or
the Iinancial srktemenrs hich give a u¢ and fwr i.ivx, 3Thd for Such illlunal conirol as th¢ trusiccs dctifiniLI¢ IS
necea5W io eaable the prepU of (ancial swemettLS Ihat free from material misyaiemtnL whether due io
Iraud orerror.
In the KLIa1 hi&tL%IIrn:5. thc are T¢Sn?1 for asstswB the £h¥ll$ abbliry to coDIiNue ll4
80in8 tonccrn. di>closing. 4pplicabl< rndn¢r> rclBid io goin8 u)nK¢m and the VDlts8 COnEtrn b1$ or
Ic£owrinsg unlc&£ the t$Lh¢F iwcnd li4uid¢ (ht chanty LT ¢0 opuxLlo no iralisiil i1aLl%.¢
bui w do so.
Our rEsponslbnittt5 for ihe alldit ofrht fip#tttlal stlemrnts
Wt have btttL appointed as audi(ors uoder S¢EEiQn ljil ot the ChaTiiiu Act 2Ql l aThd wort in ar¢ordanc¢ '11h the Act
andr#lthaKI reelliauons or bavytg crfgci thereurldci.
Our obj¢ctivts are to obtsin rcLionablc 055urance aboui whher thc finanoal oaitments as a 'hole art fTe¢ from
matcrial m1>siatcmL whether due ro fralld or effor. and LO a Re[ of the Iiidepcndent AudTtors that inrlude>
OUT 4yiriov. Rt&othk a&wArK¢ is o hi8h level of LwJTrn¢=. Iwi is WnLCC thai att aud¢1 cmducicd in
aciordallcc ISAS ILK) will aLaYS deieci a m•eri31 misstakment ii e_xisrs. MisstaiemtDts ¢ÈA aris¢ Irvm
fr2ULL or WTor are iotjsidered fnaienal if. iudilidualty or in th¢ aa
evatr. could reasonably bt expccird Iv
the economic decisioths ot Users tskcn orl thL basis oCth¢se tin1claI staiunenTg.
lrtwliu
Rtport of Indtpehdtni Auditor5 to the TruSlEes of
-rhe C0Th47rall0Tr of the Frats¢is¢*
Si5ter5 IL]ltIeh1p(0l
Ch3ri¢able Trust
se of our T¢P
The CoTrtsrvJ3ti(PTt ofthe FranLi$L'an Sisters (Littlehamptonl C.baritableTrv5t Statcet1t of F"inxucial ilcii%'i¢its for the l'ear Ended 31 NlaTch 2024 31.3.24 i1.3.23 Toia funds u1Ye5cIed N0tr5 LNCQNE FROM VolLMitary incotne ?1.934 88.64? Aeiivitics in further2ncc of the chariry's objerL Inv[[[( income Profil ou disposal of fixed ai&eis 1.840.741 1.9?8.241 218,827 68? 500 Total 2244.310 EXPEF4f)ITURE OI Ral£Tngtl 46.184 42.612 Chlricablt act5v5tlES Upk¢ep ol-Con¥regaiion Cosi ofproviding rtsidential rare suvices MAs¥iVNry work artd L]witsble donauvns 162.299 ?.066,229 18.996 230.704 2.110.236 Tor*1 2.29).708 ? 397.?97 Netsawl10StI) illK'¢s(menLS 68 1.9SI 197 0581 YET INCOIMEI(EXPLYDITUIiF.) I.I8Y.716 11,34i,6451 RECONCILJATIOY UF FUP4DS TotJl furtd>brouiTht forward 10,598.374 11,944.019 TOTAL FUTr4DS C.4RRIED FORWARD 11.788 (YJO 10 51)8 374 CONTIIYUING OPER.4TIOliS All disclosure) relat¢ only to coniinuing opciation Tht are rto reLY)Enised gdits for 1o55es other than thc in(yJmc rorthe ye4r. All incDmiThs LtSLX]rct5 and ¢xpodtd rcsouTC¢S in the oJTh¢ni8nil previous year. came trom unrestric11 fimLts. The no fiyttt part of thcK fancIal Pagt 10
Tht CgrglIOn ufthc Franci$rau 515ters IL4tdchampron) C.hAritable Trust BalDC¢ Shcei 31 Nl2rch 7•24 31.i.24 Uiue•WiCted fund5 Note5 FIXED ASSETS TELngbl¢ aa5c¢s Invcstmcnts 7.7?8.3?J .831628 ? 937,554 11.5i9,851 IU.477.749 CURREfT ASSETS Debior C&sh at battk. 14 148.396 181371 1?1,205 3?9.768 217,061 CREDITORS Amollllts falling due within oneyear 15 1101 J291 {96.436) ET CURRENT AssErs 228.239 120.625 TOT.4LASSETS LESS CURREprr 11788.090 10.498.374 ET ASSETS 11.788,D90 111 374 16 Unre5triried fiu5.. General fimd Propcrty alld Eqwprnent Fulld Nfectical &. Rccircmel ptOViSiOn Fom?allons fjjnd 4.6i9,867 7 718,22) 4.fy)0.000 400.0 3.?60,870 ? 937.444 4,000.000 400.UOO l 1,788.090 10.598.374 TOTAL Fl]f*DS 11.788.090 10.498.374 rht tEla1 %uiLetncllli were approK.d by the Bogrd irf Ttse5 anJ authoiis¢d fvi &&su¢ un and si8tLed IL% behalf by. 14 B Bowtrs- Tn]sicc The f4wo) pan ofthese financial sLaiai?enL% Pa£c 11
The Congrrgaiion tht Franri5¢an Sisters ILittleh*tllpton) Ch1t?b1eTrttSt (or the l-tar Endtd 31 iII¥Tth 2024 ili.24 i1.3.23 Noies Cash tlows Crom opcratimg attitieS Cknh teNerated from vpcrJuons (343.3811 341.108) Neiudi io operntin8 acui'iti i43,3811 341.1081 CAsh from in¥estin4w a¢trvitst$ Purchase ofthngible fTxed as> Purchast uf fixed asSCt InwesTriIts Sile of thngible fixed 5alc of fixcd atsyt invesments C#sa ai brok'er- Movemeut in)'¥ar Urlrpaliscd Ivssts OD investrnejits Diw&end5 Tcccived 12i.9081 11.7?0,4961 8.61)0 .J14,U97 518,)5? 17573.953) 791.932 6.801 988 J61.515 ?18 $?7 Net¢a5k pro&id¥'d by invosting aGri%iries 428.897 315.672 Change ID c#sb and cquiv¥knts in tbt reportiDg period Cash and casb cquiTralcttts at tht be%1ni]l£ ol (be r¢porting period 85516 125,4J6) l?1197 C45b and £&sb ¢q1valentS at the ttsd of Ibe repDninu period The rt0s fLYm Pon olthesc fInan¢i81 stawien
Th¥ Cijngrtgatioll of thc FraT¢¢iSli Slsters ILitdehimptolll Charitable Trust Tr4oie5 to the Caslt Flow Ststement for the F.Nded 31 lar¢h Z024 RECONCILIATION OF ¥L ET INI COMEiIEXPE%DITURE) TO YET C..iSH FLUW FROM OPERATINC .4cfiviTILS 31. j.?4 -31.3.2i Ntt iDcomelleipendirnre} for thE rcportiTh Siattmen¢ u( Fimanrial 4¢tt%ilfiesl Adjustmtnt5 for= tkprecia(ion cliarges IGathyls>ses on invc&iments Profrt dIsW offLxed Dividcnd5 reccived In¢rrd5¢ in d¢btors locr¢aseiid¢crease) ill 110 p¢riod i*s per the 1.189.716 11.345.645) 109,750 (681,9831 1682,51XJ) (256.2&61 (?7,1911 5.093 122.476 1. 191 658 18,600) 1?18.827 111.3601 Ples tash 5 in op¢ralivns 1344.3811 341.1081 ANALYSIS OF CllkNGES LI NET FU.NDS Cash t10. At31.314 Ne(5 Ca5b aT Ikqnk 181372 Tof 181.372 Tlie noLCS lorm pan of thtse fmallcial sthianenL%
ThE Conr¢atOI1 Df thr FrantTStan Si5ter5 ILittlehattJpton) Ch21iiableTru5t ote5 to the financioj S12teTncnts for the lur Ended 31 li larch 2fy24 ACCOUNTf4G POLICIES Summarv of sIlfiaTri attounring policies aDd kei. accounting tsiimates The princIpal accowiting hlicits aoplied in the preparation ol (hEse fiiiallcial are sei oui bdow. Th¢se pi>licies have bcen conSinE]Y Appljed iv all the years pteicnie& (itheNise ?lated. SLalemtht trf compliante Th¢ financial have iKcn lrt in Accthinmg und RqKyrtizt4 by Llwtii4 S(aieFncnl of Rccuniknendcd Prdclicc applitablc to thariucè preparinn their accoun1 In 3ccurLnce Mith tlie Financi8J Reponittg Sra#dard applicablc in th¢ UK st)d Republic oi Ircland IFRS 5021 IcffcciiN'e l January 20 19) - ICI)arities SORP (FRS 102)) and the Lhanties ACL 2011. The Congregation ot. the Franciscan is a charitsb]e wusi. The chariiys priDcipal address is Si Joseph's Coni.enL East Strcco L1chan1p1a77. We5r Su55cx. B¥1 7 6AU. Mie re$ted cbariry nunibeT i5 ?32931. Basi5 of prtparation The chJriry yn¢eE& thc dcfTtTiiion of a wblic Ixnefrt cnisiy urth FRS102. Acts and liabiliiirs aTf ij5iiiall)' -nVi5e gutd the trIant ac£owiiiD> poltcy noi¢5. recol$ed ai hLStorirdl cosi or tEJllsactiort i'alut unless oth- The prentatiOn of thcsc nJwicLal sraT¢m¢ll is STerlino 1£1..411 aniounts ID these tinancial stsm¢nts have been rounded the atar¢si pollnd urtlvss s¥at¢d otheTWi%. Liabilitits and proi'lslans Liabilities ar¢ rccovn782d when thtrt is an oblination ai the Balance Sheth d2te &$ a t¢5uit Dt'a pasi -en[, ii is prthible that a Iransfe¥ of e¢0M1t benefji will bE regL[ed ID seulemenL and tlie amouot of thE kiucmenl can b¢ ¢stiEDaLtd reliably. Liabillfi are reLOirnised ¥t ihe amvullt thai th¢ Lharity allticjpales it will pa} w sculc the debt Dr thr amuunl IL h&$ LeiVed as a(h,anced payments fthe L)r s¢n'lLL% ItMU prvitide. Provi5iofL& are tne&sud ai the best esullm ofthc amounts rcquiird w Jelllc the oblinaiioTh. Ilh¢i¢ tjic c(Ttii of the iimc value ofmoncj is mate¥ial. the piDvitsiuTh b&std on thc Prtsenl Y31uc ofthose 3Jnounts, discounitd at pre-L4X dikcouni ralt that r¢flecL¥ th= risk spccifJ£ to the liabiliry. Thc unwinding dLicouni is r¢¢ognised ill kbe SIatrent of FinaDcial Atuviues as a finance COSL Gving ttsntern The Trustecs consider it 15 apwo]xiote io draw up ihe chaTrty'S acrowits r)B ¥ Going CDncci?I basis because of its 5thsLlnLiai cash resources, and iDvesun¢nts with cofitinuing In¢(me streallla fTom cliaTiiablc aclivjiico alld ils cort(fDI ovcr its C0515. lis finarKial wsilioD is subjeei fo regular TCWi¢%V by the TnJ>ie¢s Critical accounilng judffrmtnts and key Sor(S of rs1imatioD ucer1 In Ihc apylication ot'thi Lmpan)-'S attountina rx)li¥ie& the are requited to make judgcm¢nts. ¢5tirnates and assumpuons about the iarryinD arnowjr of assets liabjlilics thai ai¢ nor rcadily apparent trom other sourc. Tknc LStimart5 and ass(Kiated aswrnptions are bL4ed on hJSTc Lxperitnce and £thcr tdclors ihat considertd ro be r¢levant. Acmal r£sulTs may difter trom th¢ estitnairs. TIIE estImtt and underlyillTr as5umplions are rtvwCd M an onAoing bls. Rei'i>iOlla 10 accouniing eSiiEllates are recnIsed in Ihe period in uthith Ilit estirna LS relised 4iere t]ie reviiiOTh afiects ottl}' ttiat perioj, or in Ilit persh)d vf th¢ revi%iott dnd fiMurE pui(ML% whrrv th¢ rn'Liiun affects LUtTeni fviure PCL'iud Tb¥ mQSt %gnifiLant tllimatrs and assumptlOD5 which #ffert th¢ fdTrySna Jmouni of asstt5 znd IKabilities ILI the ac4ounLs la1¢ io". Loil Offed a5sth prior 1997 WL) e51imai¢d based on depreciaied cutTeni u.%t Vdluc. llie propoi'iion of land d building5 dièposrd otfis based on all £blimt o(the propjriion vf th¢ ioul ebiatE di.-posed orr us Qiere are iio rwoF4L% ideoti(5""Inn Ilie rrig5nal bpIiL contiiiued..
The COT[gr¥alI(bn vf lh Franciscan Si5t¢rs (Littlcbap[0l Charitable Tru51 IiDtrs to rhe Fingncial Statemtnls- contiThu¢d for th¢ I'c4r Edtd 31 hlarth 2Q14 ACC.OUTr4TING POLICIES- ronlined Critit#l a££ollllting judut¢t5 kei. sourct5 of estimtioD uncértaintv L.sefjJl Econornic Lil'&> ie annual depieciaLiOtt chatoe for propw. planL and cquipTrieni Js scnijtive 10 L&¢ in the estunaied Ube(ul eLuoomic ljvcs and rfsidual Wlle of Jre Irated allntsklly and nended wliue ncctssttry to Ttflect CUTrgni cirLumstances_ FIM#ncial in5tryrnehts The chariry has cl¢cied 10 apply the pmisi¢Jn$ of Scciim I i -Basir Fin1ncial In.%tnJniLYli' S#iioii 11 'Othcr FsnanciAI InbUUrnGnL% Issucs of FRS LOI io all of Tts fsDa]]ciJl IntrlI7n(s. Finjntial llJ&lTUlnCllts are Tecogniscd in the ¢b4r]L$ balance sILeeL tbe charity bccojnea pthy LO the contracwal provisioD> oi dje uisinirri¢nT. Financial a55eTS and IIabilitiei ar¢ ottsu. with the Det amounts wLs¢nred iii the tiDancial stwcftien whrA th¢re is a 1¢glY thtorceabli riglii io sti off th¢ rcwgJisEd amoullts ttttd U)ere is an inrtntion io scidc on a net tHSiS or io rtalise rhe assrf and èettle thc liabiliN simulianesIy. With th¢ cxcepuons of prcpayrncnts and defctred incorne 1 otlier deixor and trediwT balanccs are con5Jdcrtd io E¢ basic ffinantial insirnrnents undcr FRS 102. Sec note 6 forthc d¢btsK nrAe. Income All incorne 15 r¢Coll£ed in thc Staterllent of Financial.4ctil'lti¢S Onct the thanry has tyti(ltynenr ID the tunds. IT l5 pfDbable that thc income Mill bc Tccrivcd and the arnowiL Can b= Me&sud rtliably. lllcome repre$en15 tecs, ariES and da¢Jauons aud wher amounis reccivablc. Exptnditure All Lxpeodiiurc is accouDt2d for gro4 and wlwj intut5ed. Charitsble expendiLure InLIuLks the direc( of tlle aclii'iiits #nd depreLfdEJth on irlated a%cLS. WlJtr¢ SULh rrldie tv Mur rttnclivnal coèl caiegojv. thev have be¢n splil thtl tither an Cblimate vf timr t)r flcK>r space ba&i& as appfOPri. IL iTrcluth5 SUPPOrt costs. Cobt of orncraiinft [lln rcprts¢Ni thc inv&5¢1 n)aD4ts0 ment clMToe for m2naDjnff dJaLity'S invc51ment poruoIio_ Governante Costs comprise thoae tosis asbociJied M'ith di¢ rneeung the cwsunjiional and sraww requitEmtnts of die charity at)d arc included 7th1n Mwport cosrs. Tanb]e fned Assels Fre¥huld l#Dd and huildin05 Thc5c havc been includcd in Ihe bnlance 5hca ar iht tsL%kes tsutl oftheir conriiiuing curr1 u&e value aL 31ll Mar¥h I W7. or aLCOSi ifJi- exycndiliiTe was incurrcd aftrr 31sl Klarcli IYY7. Fvrnkure. fiifillws Ind touipmenl Th¢s¢ bteo Jncludyd in the balaiirr sh¢ei ay the mistees ¢SrnlOn or their continuing currn'nt us¢ valve at i l $1 Imarch 1997. or aL Coil It til¢ Exp¥ndiLure ivas incllrr¢d •fttr ilsi Iqarch 1997. olor Tebicles These haN'e beEn Ènduded at cosi less attutnulated d¢preciation broughi fornvard and deprc£ialiOth in dic curreni rrar. DkweciaElOrt is provided on all r2llgibl¢ fixed assets thall fre¢hDld12nd 50 A5 to Wtire th¢m oft. over their 2nticipal¢d useful lives on a s1rd11 Iinc basi5. Frrehold PToperry FurniLure, fiiiittgs & equipmen¢ - annum Oi'cr ?U S'ear 2>'A pef annuli? 2i'h per a1ul5] Solarpa4eL% Other Moior vehicles conitnu¢(L..
The Congrrgatiun of tht FraMcisLa Si5ter511.ittlehamptOD) C.b2ritable Trust ioits io the FinatLcial State¢t$- contiThU for the I'eor Endtd 31 ill#rch 2974 ACCOIJWTING POLif.IES- 11¢ Tallble Ilxtd assets luvestments lllV¢itments are inLluJcd aÉ their matkeL i'dlu¢ ai the balanL¥ >htM Jaic. IInrilStd 1n5 8nd 10sbe5 Vll irtvesirnen¢b- ate rcportcd In lh¢ S¢a*rncnt of Financial Aclivitics under th¢ Sepllra heJdI1i of Net l0>Scblalr18 Dll Invcstmcnt assets. T#yarfoD Thc Trusi is a registere41 cknity and 1$ uoi subject w corpation t&x on ils Cu1 a£iivjLits. Fund atcouDtiDg Dtsignatrd timd% ¢ompTiS¢ UDounrs 'bl¢b ha5 been sei aside al the discreiion tst thr IriJste¢s tor 5P¢CIti¢ purposes. Thc purpose and ot (hc dasignaicd UllT¢5trictyJ iijnd ts set oui in thc ftotes A¢cumulatrd fiumts tornpmse 8eneral fund% ayaiiablc for Ube 01 thc d]su¢iion of the tru51ees itt furth¢¢ of tlje genual objttLives olthe d13riry. FUign curren£ie5 Assets liabilities in forcifjn ¢wrencJe$ arc trayslat¢d itLlo sterting al ihe rare5 of exchats. rub.ng ai the balauct sbeet de. Exth2np)e dift¢rencc5 2tE t11 inro account in 3rrivina 3toprratin profit. VOLUNTARY IlicOlE 31.3.24 31.3.23 Don&tion% & GI 88.64? AcmiTIES Il FL,RTHEK&NCE OF THE CH.IRITh'S ORIECTS 31.3.24 31.3.?3 Fee5 and cbarne5 for reside1111 llnd carc suvic SisLers' ialaries and pensions Sundry incorn¢ 1.673.198 1,791.088 116.407 20.751 ?8.48? .840.741 1.928.241 VESTMF.)T IN'COlE il.3.2i Env¢stnieni incom¢ 256266 718.8?7 coniinued...
The Congre%aiion Df tby Francisran Sisters IL1ttlehaPtoll) C.bArltableTrust Nfjt to tht Financial StittmttllS- CDDtinued for rhc I'tir Ebdtd 31 141xrcb 2074 41SINC. FUNT>S Orhtr trndl#g ttivirl¢s 31.3.24 FoT¢ion exthangc LTaiDlltr55 Irsvcsrmeni 1.771 44.463 198VI 43.591 46.184 42.612 CHAIUTABLE ACtivtTIFS COSTS Sllpwrt costs (sec notc 71 Direci CVSLS Totals Upkecp of Congrcgariofft Cost of proiidinTr residettrial care scnic MiiSiOll3ry worf( al charit2bl¢ dotsatLOTIS 177.576 16?.,299 1.610.716 4£4 £13 1.066.779 18.996 1747 588 4S9.936 ? 147 5?4 SUPPORT C(K¥rs Goi'¢r¢iauLe LUS( Toials Ilpkeep ofcon.nTcgaiion Cost of provIding re%ideniial Gqre 5e¥vices 34.4?3 448.513 i4.423 455 513 48? 936 489 9i6 AimiTORS' RLMUNTR.4TION 31J.24 31.3.23 Frrs wdvable to the charily's auditors (or ihe audil ol-th¢ choritys financial talcmcnts 7.0(Kl 7.Wl TRVSTEES, RF.IllF.RATl0l Alt) BEliEFJTS Tkn¢ WUiei who arc the benior JllaDagcmtni ten received ntt Fonutjetrdlitsrt during Lhc yotr. toniinued...
The Congran ¢Jf Iht FYanris¢an Ststers IL1ttiekaP1O) CIL2TitgbleTrust D(es to the Fin*Dcial StalenJents- c(bntinutd for (he l'ear LndEd 31 Thlarch 2024 TRUSTELS. REMLryEKATION ANk D BEhTTr'ITS- conlinutd Trustees, expense5 The m5L¢C& were reimbursed f rrasutiabl¢ irn'¢l costs illLuwcd in the perftsrm3nce oi their duti io. STAFF COSTS 31.3.24 Wages JaIl 7S OSI ?76.Oil Th¢ average monthly numbtt of employecs dwing th¢ yEar wa5 as folli)ws'. 31.3.24 80 11.3.23 75 Care Ilome srall Ko cmployecs Trived tmohunujts in ¢YG¢ss of £60.th). Ll. COMPARATIVLS FOR THE STATEMEhT OF FIliANCL4L ACTivrrtES UnrestriilLd filD¢. INCOME FROTrI volUntY income Aciivities in fithhcrante olthe Charl'S objec Invesuneni income Profir on disposal of fixed asse 1,9:8.241 118.827 8.GOO Totsl 2.244.310 IXPENDI'fuRE OIN Raisirtg fuJNts 41612 Charitable aLtitrItic5 Upkecp uf Cuoffrerpation Co4 of providinfj rtiideryual carr scTh"ices Missionary work atllf rh2ritabl¢ datiOnS 110.736 Tot¥1 . j97.?97 Net gainslllossrsi on ini¢styn¢nts 11.192.658] ,NET INCOMEfiEXPENDITURE) 11,34i,6451 iiECOD4CILIATION OF EL,1)s roial funds brouJJt fomtryl 11,944,019 ¢on(iiiu¢d_-
The CoT(grtgaiion of Iht Francisran Sisttr.% ILittlchampron) Charitable Trust for the I'tar Ended 314Iar£h 2024 ii. COMP.4RATfvES FOR THE STATEIE OF FI).4NCI.4L.4LTIVITIES- eolliinucd Unrc*ificLed t1d5 TOTAL FD74DS CARRfED FORWARD 10 498.374 12. TAINGt8LE FIXED ASSETS Frcchold propery MDts)r ¥LhJcle5 & ¢4ttiPllKni Totats coff Ai l April 2023 AddiiiL)n5 DispoSS 3963.087 1.237.5&5 3.852 250.142 7,999 5,450.795 199.699) 199.6991 .4c 31 Manli 2024 3 763.i88 1 ?41.418 8.141 5 262 947 DEPREC.L4TIOIY Ai l AWL 2023 Charge lor ssir EIAmmaied on djsposul 1 ?73,441 62,L88 1.07J,6i8 33,7?9 •16.l4? 109.75D 88 )671 .4L 31 Mi arch 2024 1.197.367 -107.397 !9.97? 1 534.724 FIET BOOK VALUE AL 11 March 1024 1566.026 34.031 1 728.7?3 Ai 31 Nlarch 2023 163 908 ? 937.554 13. FIXED ASSET INI'ESrnIENTS Listed Casli Ji brnkers Totals IARKF.T VALUE Ac l April 2023 Additio Disposals Revoluauons 7.184.3i6 7573.9i3 3 j5.839 7.540,19) 7.573,953 19.054) (6,121,005) 161.5151 Ar 31 Mtrch 2024 &484.843 i46.785 8.831.628 ET BOOKVALUE .4131 MarLh 2024 8.484.843 j46.78i 8.8 jl.6?8 At 31 March ?OJ? 7.184Ji6 ji5.839 7_540.19) Pag219 n1jUed..
Tht fomgrenation of rh FThnciscan Sisters ILittlcharnplon) Charitle TTU5t oles to ihe Financi31 Siattmtnts- cunliTrUtd for the I.r Eudrd 31 hIarch 2024 13. FIXED.4S5ET iY%EsfJ¥iLYfs- rontlDued ?0•4 Analy ot li5ttd iAve5tments 3.766.439 471841 i.389.813 i 794 543 Oversea5 8.484.843 7.184.3i6 HTStoric Cost 84150 6.970.530 All InvrsmL are hcld pninatily io provide 3n invcstmenL reDJTn fwthe ch3nl!'. 14. DF.HTORS: AMOUNTS FALLJNG DL,E WtTHIY IL4R 31.3.24 31.3.? J DeioTS & prepaymenls 148 396 12120S 1>. CREDITORS: ANIOUNTS FALLIIG DVK II'ITHIN OYF. YFAR 31.3.24 rrade erediLors 16. MUVENIEliT tri FUNDS TrarCr& bdween rwids mol'emeI in lu$ 313.24 Uwtstrictcd funds GcnLral nkl Properly and b.qwwcnt Fund edtclll & RctlTem¢nL provision FoTmaiions fvnd 3.260.870 2.937.5i4 4.0(KJ,OiMI 4W.O .189.71( 2Q9.331 (209 J31 J 4,659.867 ? 7?8.223 4.000.000 400.000 10.598.374 189716 11.788.090 TOTAL FUNDS 10598..174 1.189.716 11,788 091) ¥[ tllovemctti iti fund& inLluded In the aln)i'e aa fijllows: Incomin¢p iesources Re50UTC¢S Vxpended CAin5 and losses qovemenc in Unrestricted fuDds GeAerdl fund 2.801.441 12 79J.7081 ()81.983 ,189.716 TOTAL frUNDS ?.801.441 ? 79j,708) 6YI.983 1,189.716 Page 20 conLinued...
Th¢ C4)grtg2tion uf the FraThiis¢a Sisters ILxttlchompton) Cbxritable Trnst Notes to tbt FinaDuxI Styltm¢thts- colltiDu¢d for I'ur F.nd¢d 31 Ilarth 2V14 16. MOVEMEYr Ir FLTh. DS- rontin•td - MthS and prior yeat I A currelli year 11 lollows. months combined n¢¢ moi'e(nthi in fijttds. irtdudcd in above are Rebourc¢ tXEKnded Gains and Josscs Movuneni in fijnd rcsour Unresirlct¢d funds Gener fijnd 5.045.751 {4.091,005) 1510.6751 1155.9291 TOTAL Fiif4DS 045.751 14 691.noil 17. RELATED PARTY DISCLOSbRES As a rel%4ou5 atry incuoK rt¢tivd by thg m¢MIr5 u rttxii.rd th¢ durit¥. irtcludinu salari¢s and nSionS. The djarity txoi-iJ¢s housitt8 and 5ubsistcn¢e lo it5 niunbkys IDi1Udin triiste¢s. r.ach rnembtr rec¢ii'cs trtcom¢ for thrir otsiL¢ tog¢iher with liVg aic0mm0dalj, living cxpimscs and rcimbursen)eni ot. cosrs. This rxp¢ttditure Js sho under%upport coYS'. At thc balan¢e sheei datr the atnowit due iollr(xn Thc RL4i41iOUS Comniryllity ivas £N'il 110?3 - INil). Pauc ?2