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|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|
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|||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)|
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|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|
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|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||
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|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|
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|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|
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|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|
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|||||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|
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|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|
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|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|
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|||||||||
|---|---|---|---|---|---|---|---|
|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|
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|||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|
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|---|---|---|---|---|---|---|---|---|
|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|
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