| Contents | Page | ||
|---|---|---|---|
| Report ofthe Trustees | 1-9 | ||
| Report ofthe Independent | Auditor | 10-12 | |
| Statement of Financial |
Activities | 13 | |
| Balance Sheet | 14 | ||
| Cash Flow Statement | 15 | ||
| Notes to the Financial | Statements | 16-24 |
| 2022 | 2021 | ||
|---|---|---|---|
| 6 | 6 | ||
| Cash (used in) operating activities (see below) |
(1,190,649) | (1,193,105) | |
| Cash flows from investing activities |
|||
| Interest and diwdends received |
165,487 | 174,247 | |
| Payments to acquire tangible fixed assets |
(232,938) | (7,544) | |
| Proceeds on sale of tangible fixed assets |
396,950 | 7,900 | |
| Payments to acquire fixed asset investments |
(622,797) | (273,819) | |
| Proceeds on sale of fixed asset investments | 1,529,720 | 1,042,564 | |
| Cash provided by investing activities |
1,236,422 | 943,348 | |
| Net cash inflow/(outflow) | 45,773 | (249,757) | |
| Cash and cash equivalents at 1 January |
2022 | 424,363 | 674, 120 |
| Cash and cash equivalents at 31 December 2022 |
470,136 | 424,363 | |
| Cash flows from operating activities |
|||
| Net (expenditure) | (2,092,636) | (233,671) | |
| Interest and dividends received shown |
in investing | ||
| activities | (165,487) | (174,247) | |
| Depreciation | 101,032 | 102,299 | |
| Gift of property to charity |
69,035 | ||
| (Gain) on disposal of tangible fixed assets |
(176,350) | (7,686) | |
| (Gain)/loss on disposal of fixed asset investments |
(126,354) | 15,033 | |
| Loss/(gain) on revaluation offixed asset |
investments | 1,278,644 | (776,711) |
| Decrease/(increase) in debtors |
69,628 | (57,576) | |
| (Decrease) in creditors |
(79,126) | (129,581) | |
| Cash (used in) operating activities |
(1,190,649) | (1,193,105) |
| ONATION | S AND L |
EGACIES | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Fundsf | Funds | 2022f | 2021 F |
|||
| Collections | 18,177 | 18,177 | 21,399 | |||
| Donations | 33,765 | 33,765 | 11,206 | |||
| Legacies | 115,517 | 115,517 | 7,006 | |||
| Received from members: | ||||||
| Mass stipends | 5,035 | 5,035 | 7,669 | |||
| Received | for pastoral | work | 21,680 | 21,680 | 23,177 | |
| Members' | pensions | 53,972 | 53,972 | 49,210 | ||
| 248,146 | 248,146 | 119,667 |
| NVEST | MENT INCOME |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| UK Investments | Fundsf | Funds | 2022f | 2021 F |
|
| Listed | investments | 151,723 | 151,723 | 173,061 | |
| Interest | on bank deposits | 653 | 653 | 18 | |
| Exchange rate vanance | 13,111 | 13,111 | 1,168 | ||
| 165,487 | 165,487 | 174,247 | |||
| THER | INCOME | ||||
| Unrestricted | Restricted | Total | Total | ||
| Fundsf | Fundsf | 2022f | 2021 F |
||
| Surplus | on disposal offixed assets | 176,350 | 176,350 | ||
| Sundry | income | 168 | 168 | ||
| 176,518 | 176,518 |
| UPPORT OF ME | MBERS O | F THE CONGREG | ATION AND THEI |
R MINISTRY | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Fundsf | Fundsf | 2022f | 2021f | |||
| Staff costs | 190,702 | 190,702 | 177,725 | |||
| Property costs Personal liwng costs |
101,837 99,539 |
101,837 99,539 |
82,863 71,845 |
|||
| Training | 2,725 | |||||
| Expenses of ministry | 86,834 | 86,834 | 70,599 | |||
| Legal, professional | and audit | 38,140 | 38,140 | 71,555 | ||
| Depreciation | 101,032 | 101,032 | 102,299 | |||
| Surplus on disposal |
oftangible | fixed assets | 7,686 | |||
| 618,084 | 618,084 | 571,925 |
| RANTS | AND D | O | NATI | ON | S | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| Bypurpose: | Funds 6 |
Funds 8 |
2022 | 2021 8 |
|||||
| Catholic | Mission, | Ministry | and Education | ||||||
| Life | 10,000 | ||||||||
| Margaret | Beauforth | Institute | 50,000 | ||||||
| St Gemma's Hospice |
10,000 | ||||||||
| Other institutional | grants | below L7,000 | 5,000 | ||||||
| Individuals | 4,500 | 4,500 | |||||||
| 4,500 | 4,500 | 75,000 | |||||||
| Disasters | and emergency: | overseas | |||||||
| CAFOD | 50,000 | ||||||||
| CAFOD —Yemen | 50,000 | ||||||||
| 100,000 |
| Individual: Hardship and destitution |
Individual: Hardship and destitution |
|||
|---|---|---|---|---|
| Other institutional grants Individuals |
below 87,000 | 500 960 |
500 960 |
3,610 |
| 1,460 | 1,460 | 3,610 | ||
| Passionist Community |
||||
| Community ofthe Passion |
10,000 | 10,000 | ||
| StJoseph's Highgate CIO |
10,000 | 10,000 | ||
| 20,000 | 20,000 | |||
| Passionist Partners |
||||
| CAPs | 50,000 | 50,000 | 50,900 | |
| Catholic Worker Farm | 20,000 | 20,000 | 20,000 | |
| Community of the Passion |
10,000 | |||
| Ecological Conversion Group |
||||
| Green Christian Partners |
12,000 | 12,000 | 12,000 | |
| Independent Catholic News |
20,000 | 20,000 | 20,000 | |
| London Mining Network |
20,000 | 20,000 | 20,000 | |
| London Catholic Worker | 20,000 | 20,000 | 28,000 | |
| Minsteracres Retreat Centre |
233,000 | 233,000 | ||
| Reformed CIC |
45,000 | 45,000 | 25,000 | |
| Other institutional grants |
below F7,000 | 14,077 | 14,077 | 15,000 |
| 434,077 | 434,077 | 200,900 | ||
| Peace and reconciliation | ||||
| Pax Christi | 15,000 | 15,000 | ||
| Other institutional grants |
below 87,000 | 5,000 | ||
| 15,000 | 15,000 | 5,000 | ||
| Protection ofthe environment | ||||
| EcoCommunity Other institutional grants |
below F7,000 | 14,168 14,168 |
| GRANTS AND DONATIONS | GRANTS AND DONATIONS | GRANTS AND DONATIONS | (continued) | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Bypurpose: | Funds | Funds 6 |
2022 6 |
2021 6 |
|||
| Solidarity with Passionist |
Congregation | ||||||
| Internationally | |||||||
| Generalate | 38,562 | 38,562 | |||||
| india | 20,000 | ||||||
| Poland | 10,000 | ||||||
| Philippines | 5,000 | ||||||
| Tanzania | |||||||
| Ukraine | |||||||
| Other | 3,385 | 3,385 | 22,180 | ||||
| House of Mercy | |||||||
| 41,947 | 41,947 | 57,180 | |||||
| Tackling poverty, exclusion CAPs |
and marginalisation | 5,000 | |||||
| RCAB | 10,000 | ||||||
| St Gemma's Hospice |
10,000 | 10,000 | |||||
| Other institutional | grants below 67,000 | 107,900 | 107,900 | 88,039 | |||
| Individuals | 1,079 | 1,079 | |||||
| 118,979 | 118,979 | 103,039 | |||||
| Tackling poverty, exclusion | and marginalisation: | ||||||
| overseas | |||||||
| CAFOD | 175,000 | 175,000 | |||||
| Learning Refuge Scheute Father's Other institutional |
Paphos Soeurs: Congo grants below 67,000 |
12,660 | 12,660 | 29,374 16,500 |
|||
| 187,660 | 187,660 | 45,874 | |||||
| Tots I Grants | 823,623 | 823,623 | 604,771 | ||||
| Other donations | 68,043 | 68,043 | 23,125 | ||||
| Total Grants and Donations | 891,666 | 891,666 | 627,896 |
| 7 | NET (EXPENDITURE)/INCOME | NET (EXPENDITURE)/INCOME | ||
|---|---|---|---|---|
| This is stated after charging: | Total | Total | ||
| 2022 | 2021f | |||
| Staff costs (note 8) | 190,702 | 177,725 | ||
| Auditors' remuneration: |
audit | 8,435 | 7,815 | |
| other services | 10,244 | 9,448 | ||
| Depreciation | 101,032 | 102,299 |
| 2022f | 2021 | ||||
|---|---|---|---|---|---|
| Wages | and salaries | 165,497 | 154,761 | ||
| Social security costs | 12,538 | 11,018 | |||
| Pension | costs | 12,667 | 11,946 | ||
| 190,702 | 177,725 | ||||
| Average | monthly | number | ofstaff: | No | No |
| Office staff | 11 | 10.2 |
| ANGIBLE FIXED | ASSETS | |||||
|---|---|---|---|---|---|---|
| Furniture | ||||||
| Functional | and | Plate and | Motor | |||
| property | equipment | valuables | vehicles | Total | ||
| 6 | 8 | 8 | ||||
| Cost | ||||||
| At 1"January 2022 | 8,343,646 | 85,371 | 82,420 | 69,679 | 8,581,116 | |
| Additions | 232,938 | 232,938 | ||||
| Disposals and giffs | 265,000 | 7,585 | 272,585 | |||
| At 31*' December 2022 | 8,311,584 | 85,371 | 82,420 | 62,094 | 8,541,469 | |
| Depreciation | ||||||
| At 1"January 2022 |
1,778,345 | 72,166 | 28,016 | 54,856 | 1,933,383 | |
| Charge for the year | 92,826 | 3,302 | 1,648 | 3,256 | 101,032 | |
| Released on disposal |
and gift | 46,200 | 5,785 | 51,985 | ||
| At 31"December 2022 | 1,824,971 | 75,468 | 29,664 | 52,327 | 1,982,430 | |
| Net book value | ||||||
| At 31"December 2022 | 6,486,613 | 9,903 | 52,756 | 9,767 | 6,559,039 | |
| At 31"December 2021 | 6,565,301 | 13,205 | 54,404 | 14,823 | 6,647,733 |
| 11 | FIXEDASSET INVESTMENTS | FIXEDASSET INVESTMENTS | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| 2022 | 2021 | ||||
| 6 | 8 | ||||
| UK listed investments | |||||
| At 1"January | 7,877,864 | 7,884,931 | |||
| Additions at cost |
557,772 | 300,490 | |||
| Disposals at opening market value |
(1,656,074) | (1,027,531) | |||
| Net movement in cash deposits |
65,025 | (26,671) | |||
| Net unrealised investment (losses)/gains Market value at31"December |
1,025,936 5,818,651 |
746,645 7,877,864 |
|||
| Historic cost as at31"December | 5,360,561 | 6,004,686 | |||
| The listed investments are dealt |
in on a recognised | stock exchange. |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 8 | 6 | |||||
| Sarasin Climate Active Endowments | Fund | 3,075,916 | 4,506,754 | |||
| 12 | DEBTORS | |||||
| 2022 | 2021 | |||||
| 6 | 6 | |||||
| Prepayments | and accrued income | 41,749 | 111,377 | |||
| 13 | CREDITORS: Amounts falling |
due | within one year | 2022 | 2021 | |
| 6 | 6 | |||||
| Accruals and | other creditors | 43,072 | 151,746 | |||
| 14 | CREDITORS: Amounts falling one year |
due after more than | 2022 6 |
2021 6 |
||
| Grants promised to beneficiaries Monies held by Curia on behalf of |
other locations | 29,548 85,084 114,632 |
85,084 85,084 |
| 2022 | Expenditure, | ||||||
| transfers | |||||||
| Balance | at | and | Balance at | ||||
| 1Jan f |
Income f |
gains/losses f |
31 Dec f |
||||
| Episcopal | Help Fund | 53,501 | (15,568) | 37,933 | |||
| 53,501 | (15,568) | 37,933 | |||||
| 2021 | |||||||
| Episcopal | Help Fund | 53,555 | (54) | 53,501 | |||
| 53,555 | (54) | 53,501 | |||||
| Purpose offunds | |||||||
| Episcopal Help Fund: | assists | in defraying | Bishop's costs | ||||
| DESIGNATED FUNDS | |||||||
| Balance at | Balance at | ||||||
| 2022 | 1 Jan f |
Utilised f |
31 Dec f |
||||
| "Beginning | Expenence" Fund | 30,094 | 30,094 | ||||
| Ignatius Spencer Fund | 4,395 | 4,395 | |||||
| 34,489 | 34,489 | ||||||
| PROPERTY DESIGNATED FUND | |||||||
| Functional | property | at net book value | 6,565,301 | 78,688 | 6,486,613 | ||
| 6,599,790 | 78,688 | 6,521,102 |
| Balance at | Balance at | |||
|---|---|---|---|---|
| 021 | 1 Jan f |
Utilised f |
31 Dac f |
|
| "Beginning | Experience" Fund | 30,094 | 30,094 | |
| Ignatius Spencer Fund | 4,395 | 4,395 | ||
| 34,489 | 34,489 | |||
| ROPERT | Y DESIGNATED FUND | |||
| Functional | property at net book value |
6,725,643 | 160,342 | 6,565,301 |
| 6,760,132 | 160,342 | 6,599,790 |
| 2022 | Unrestricted | Funds | Restricted | Total | ||||
| General | Designated | |||||||
| f | f | |||||||
| Tangible fixed assets | 72,426 | 6,486,613 | 6,559,039 | |||||
| Investments | 5,774,662 | 43,989 | 5,818,651 | |||||
| Current assets | 483,452 | 34,489 | (6,056) | 511,885 | ||||
| Creditors: amounts | falling | due within one year | (43,072) | (43,072) | ||||
| Creditors: | amounts | falling | due after more | than | ||||
| one year | 114632 | 114632 | ||||||
| 6,172,836 | 6,521,102 | 37,933 | 12,731,871 |
| 021 | Unrestricted | Funds | Restricted | Total | ||||
| General | Designated | |||||||
| f | Z | |||||||
| Tangible fixed assets | 82,432 | 6,565,301 | 6,647,733 | |||||
| Investments | 7,818,307 | 59,557 | 7,877,864 | |||||
| Current assets | 507,307 | 34,489 | (6,056) | 535,740 | ||||
| Creditors. amounts | falling | due within one year | (151,746) | (151,746) | ||||
| Creditors: | amounts | falling | due after more | than | ||||
| one year | 85084 | 85 084 | ||||||
| 8,171,216 | 6,599,790 | 53,501 | 14,824,507 |