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|||Page|
|---|---|---|
|Information|||
|Trustee's
Report||4-11|
|Independent
Examiners|Report to the Trustees|12|
|Statement
of Financial|Activities|13|
|Balance Sheet||14|
|Statement
of Cash Flows|||
|Notes to the Financial|Statements|16-21|
|||||Society ofMarie Reparatrice|Society ofMarie Reparatrice||||
|---|---|---|---|---|---|---|---|---|
|||||Information|||||
|Trustees||||The Society of Marie|Reparatrice|Trustee||Ltd|
|Chsrit|Re istration||Number|233640|||||
|Business Address||||Sisters of Marie Reparatrice|||||
|||||6 Knockrea Lawn,|||||
|||||Ballinlough
Road,|||||
|||||Cork|||||
|||||Ireland|||||
|||||T12 KVRP|||||
|Auditors|5Accountants|||Quintas
Accounting|Services Ireland||Ltd||
|||||Certified
Public Accountants|||||
|||||Heron House|||||
|||||Blackpool Park|||||
|||||Blackpool|||||
|||||Cork|||||
|Bankers||||Barclays|||||
|||||Wimbledon
Business Centre|||||
|||||8 Alexandra
Road|||||
|||||Wimbleton|||||
|||||London|||||
|||||SW197LA|||||
|Solicitors||||Druces LLP|||||
|||||Salisbury
House|||||
|||||London
Well|||||
|||||London|||||
|||||EC2M SPS|||||
|Investment||Mana ers||A & G Bank|||||
|||||Avda de la Palmera|27B||||
|||||41013Seville|||||
|||||Spain|||||
|||||Quilter Cheviot Asset Management|||||
|||||One Kingsway|||||
|||||London|||||
|||||WC2B 6AN|||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|||
|||2023|2023|2023|2022|
|Income from:||||||
|Donations
and|legacies|147,661||147,661|117,034|
|Deposit interest||1,706|243|1,949|162|
|Other operating|income|469444|225 371|694815|1 474 052|
|Total income||618,811|225,614|844,425|(1,356,856)|
|Expenditure
on:||||||
|Administration|expenses|29,644|25|29,669|28,794|
|Charitable
activities||230914|114580|345494|346909|
|Total expenditure||260,558|114,605|375,163|375,703|
|Net (expenditure)/income||358,253|111,009|469,262|(1,732,559)|
|Reconciliation|offunds|||||
|Total funds
b/f||11,759,226|5,681,948|17,441,174|19,173,733|
|Total funds c/f||12,117,479|5,792,957|17,910,436|17,441,174|
##
|||Balance Sheet as of31"December 2023|Balance Sheet as of31"December 2023|||
|---|---|---|---|---|---|
|||Note|Dec'23||Dec'22|
|Fixed Assets||||||
|Tangible Assets||||||
|Financial Assets||10|17703760||17276 705|
||||17,703,780||17,276,705|
|Current Assets||||||
|Debtors||||||
|Cash at bank and in hand|||220 973|178376||
||||220,973|178,376||
|Creditors: amounts|falling|due||||
|within one year||12|~14317|13907||
|Net Current assets|||206656||164469|
|Total assets less current||liabilities|17,910,436||17,441,174|
|Creditors: amounts|falling|due||||
|after more than one year||||||
|Net Assets||||||
|Charity Funds||||||
|Restricted
Funds|||5,792,957||5,681,948|
|Unrestricted
Funds|||12117479||11 759226|
||||||~7~4|
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|Stat|ement
of Cash|Flows
ear ended 31"D|ecember 2023||
|---|---|---|---|---|
||||Dec'23|Dec '22|
|Cash flows from operating|activities||||
|Surplus/(deficit)
for the year|||469,262|(1,732,559)|
|Increaset(decrease)
in creditors|||410|(3,919)|
|(Increase)tdecrease
in debtors|||||
|Realised (Gains) t losses for|the year||703|18,304|
|Unrealised
(gains)tlosses
for|the year||(695,598)|1,455,945|
|Net cash inflow) (used in) operating
activities|||(225,223)|(262,229)|
|Cash flows from investing|activities||||
|Proceeds from sale ofassets|||351,030|263,309|
|Financing
ofasset purchase|||(83,210)|0|
|Increase/(decrease)
in cash|for the year||42,597|1,080|
|Net increase/(decrease)
in|cash and cash|equivalents|42,597|1,080|
|Cash and cash equivalents|at beginning|of year|178,376|177,296|
|Cash and cash equivalents|at end of year||220,973|178,376|
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|4.|Income from Donations|Income from Donations|||||
|---|---|---|---|---|---|---|
||||||Dec'23|Dec'22|
||Unrestricted||||||
||Sisters pension
donations||||45,208|47,034|
||Legacies and other donations||||102453|~70 000|
||||||147,661|117,034|
||Restricted||||||
||Legacies and other donations||||||
||Other income||||||
|5.|Other operating
income||||||
||||||Dec'23|Dec'22|
||Unrestricted||||||
||Profit)(loss) on disposal|of|property||||
||Unrealised
gainst(losses)||on investments||467,706|(977,176)|
||Realised gains)(losses)|on disposal||of investments|1,803|(10,733)|
||Foreign exchange
gainst(losses)||||{665|159|
||||||469,444|(987,750)|
||Restricted||||||
||Unrealised
gainst(losses)||on investments||227,892|(478,769)|
||Realised gainst(losses)|on disposal||of investments|(2,506)|(7,571)|
||Foreign exchange gainst(losses)||||~15|38|
||||||225,371|(486,302)|
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|Administration|Exp|end|iture|||
|---|---|---|---|---|---|
|||||Dec '23|Dec'22|
|Counciltaxes||||1,252|1,194|
|Insurance||||2,005|2,005|
|Repairs and maintenance||||0|0|
|Print, Post &|Stationary|||154|411|
|Telephone||||1,739|1,416|
|Motor and travelling||expenses||1,373|412|
|Legal and Professional|||fess|7,975|5,413|
|Accountancy|Fees|||13,592|13,550|
|Bank Charges||||25|20|
|Sundry Expenses||||601|2,979|
|Subscriptions||||953|1,394|
|||||29,669|28,794|
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|xpenditure|on Charitable
Activities|||
|---|---|---|---|
|||Dec '23|Dec'22|
|||2|9|
|Contribution|to the missions|114,580|113,309|
|Contribution|to communities|13,000|10,000|
|Alms and donations||920|1,100|
|Residential|and care home costs|203,134|209,300|
|Rent of accommodation||13860|13200|
|||345,494|346,909|
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|9,|Tangible assets||||
|---|---|---|---|---|
||||Freehold||
||||Property
f|Total
2|
||Cost||||
||At 1stJanuary 2023||||
||Disposals||||
||At 31stDecember 2023||||
||Depreciation||||
||At 1stJanuary 2023and|31st December 2023|||
||Carrying
amount||||
||At 31stDecember 2023||||
||At 31st December 2022||||
|10.|Financial assets||||
||||Investments|Total|
||||2|2|
||Cost||||
||At 1st January 2023||17,276,705|17,276,705|
||Additions||83,210|83,210|
||Disposals||(351,733)|(351,733)|
||Revaluations||695,598|695,598|
||At 31st December 2023||17,703,780|17,703,780|
||Provision for diminution|in value|||
||At 1stJanuary 2023 and|31st December 2023|||
||Carrying
amount||||
||At 31stDecember 2023||17,703,780|17,703,780|
||At 31st December 2022||17,276,705|17,276,705|
|11.|Debtors||||
||||Dec '23|Dec '22|
||||2|2|
||Other debtors||||
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