## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Statement ofFinancial Activities.|Statement ofFinancial Activities.|Statement ofFinancial Activities.|Statement ofFinancial Activities.|||||||| |---|---|---|---|---|---|---|---|---|---|---| |forthe year ended 30th June||2023||||||||| |Current year||||||General|Designated|Restricted|Total 2023|Total 2022| |||||||Fund|Funds|Funds||| |Income and endowments|from:||||Notes|||||| |Donations
and legacies:||||||||||| |Donations
and Trust Income||||||371,667|44,803|71,981|488,451|336,781| |Legacies|||||||81,974|117,000|198,974|438,351| |Covenanted
Salaries,|Pensions and|||Benefits||162,757|3,130||165,887|304,779| |Investments:||||||||||| |Interest and Investment|Income|||||50,357|||50,357|31,977| |Property rentai income||||||21,355|||21,355|19,721| |Charitable
Activities:||||||||||| |Engagements||||||9,841|||9,841|13,677| |Other:||||||||||| |Renewable
Energy Incentives||||||31,854|||31,854|20,193| |Surplus on disposal ofVehicles||||||||||| |Stewardship
Income||||||||59,629|59,629|76,705| |Miscellaneous
Income||||||||1,620|1,620|35,023| |Other trading activities:||||||||||| |Shop Sales|||||3a|36,656|||36,656|35,457| |Total income||||||684,487|129,907|250,231|1,064,624|1,312,663| |Expenditure
on:||||||||||| |Raising funds:||||||||||| |Shop and Publication costs|||||3b|8,718|||8,718|9,056| |Costs ofManaging
Investment||properties||||0|||0|2,823| |Charitable
Activities|||||4a|587,824|154,176|76,455|818,455|813,235| |Total resources expended||||||596,542|154,176|76,455|827,173|825,115| |Net incoming/(outgoing)|resources befote gains/(losses)|||||87,945|(24,270)|173,776|237,451|487,549| |on investments||||||||||| |Revaluation
Gain on Investment|||Properties||7|||||| |Net Unrealised
(Losses)/Gains||on Investments|||10b||(16,117)||(16,117)|(34,184)| |Net Realised (Losses)lGains
on|||Investments||11|||||| |Net incoming/outgoing
resources before transfers||||||87,945|(40,387)|173,776|221,334|453,365| |Transfers between funds|during Year|||||||||| |Development
- Building
Improvements,||||Vehides 8 Equipment|6|(4,820)|11,558|(6,738)||| |Transfers
from Restricted|to Designated||||12a|||0||| |Others|||||12a|(8,396)|10,796|(2,400)||| |||||||74,728|(18,033)|164,638|221,334|453,365| |Transfers at Year End||||||||||| |Income Tithe|||||12a|(20,000)|20,000|||| |Transferred
to/from
Restricted||Funds|||12a|(5,650)||5,650||| |Transfer to/from
General Fund|||||12a|(2,500)|2,500|||| |Net Movement
in Funds||||||46,578|4,467|170,288|221,334|453,365| |Balances brought
forward|(1/7/22)|||||375,709|6,576,683|125,524|7,077,916|6,624,552| |Balances carried forward|(30/6/23)|||||422,287|6,581,150|295,812|7,299,250|7,077,917| |BROTHERS OF THE FIRSTORDER OF THE SOCIETY OF|BROTHERS OF THE FIRSTORDER OF THE SOCIETY OF|BROTHERS OF THE FIRSTORDER OF THE SOCIETY OF|SAINT|FRANCIS.||||| |---|---|---|---|---|---|---|---|---| |(European Province) - Registered|Charity No: 236484.|||||||| |Statement ofFinancial Acgvities.||||||||| |for the year ended 30th dune 2022||||||||| |Prior year||||General|Designated|Restricted|Total 2022|Total 2021| |||||Fund|Funds|Funds||| |Income and endowments
from:|||Notes|||||| |Donations
and legacies:||||||||| |Donations
and Trust Income||||321,031|3,000|12,750|338,781|251,660| |Legacies|||||438,351||438,351|164,998| |Covenanted
Salaries, Pensions|and|Benefits||297,886|1,330|5,563|304,779|147,750| |Investments:||||||||| |Interest and Investment
Income|||9|31,977|||31,977|26,650| |Property rental income||||19,721|||19,721|23,384| |Charitable
Activities:||||||||| |Engagements||||13,027||850|13,677|17,114| |Other.||||||||| |Renewable
Energy Incentives||||20,193|||20,193|24,940| |Surplus on disposal ofVehides||||||||| |Stewardship
Income||||||78,705|76,705|19,169| |Miscellaneous
Income||||18,952||16,071|35,023|12,2SO| |Other trading activities:||||||||| |Shop Sales|||||||35,457|24,676| |Total income||||758,243|442,681|111,739|1,312,663|712,633| |Expenditure
on:||||||||| |Raising funds:||||||||| |Shop and Publication
costs|||3b|9,056|||9,056|4,805| |Costs of Managing
Investment
properties||||2,823|||2,823|747| |Charitable
Activities|||4a|525,927|146,673|140,635|813,235|893,107| |Total resources expended||||537,807|146,673|140,635|825,115|898,659| |Net incoming/(outgoing)
resources before||||220,436|296,009|(28,896)|487,549|(186,026)| |gains/(losses)
on investments||||||||| |Revaluation
Gain on Investment
Properties|||7|||||| |Net Unrealised
(Losses)/Gains
on Investments|||10b||(34,184)||(34,'I84)|100,100| |Net Realised (Losses)/Gains
on Investments|||11|||||| |Net incoming/outgoing
resources|before transfers|||220,436|261,825 -|28,896|453,365|(85,926)| |Transfers
between funds during Year||||||||| |Development-
Building Improvements,||Vehides &Equipmen|6|(5,310)|5,310|||| |Transfers from Restricted to Designated|||12a||27,831|(27,631)||| |Others|||12a|130,9S4)|128,210|2,784||| |||||84,132|422,978|(53,743)|453,365|(85,926)| |Transfers at Year End||||||||| |Income Tithe|||12a|(20,000)|20,000|||| |Transfer to/from
General Fund|||12a|(2,000)|2,000|||| |Net Movement
in Funds||||67,132|434,976|(48,743)|453,365|(85,928)| |Balances brought forward (1/7/21)||||308,577|6,141,707|174,267|6,824,552|6,710,478| |Balances carried forward
(30/8/22)||||375,709|6,576,683|125,524|7,077,918|6,624.552| ## |{European Province) - Regi|ste|red
Charity|No: 236464.|||||| |---|---|---|---|---|---|---|---|---| |Statement ofCash Flows||||||||| |for the year ended 30th June 2023||||||||| |||||||2023||2022| |||||Notes||F||| |Cash flows from operating||activities||||||| |Cash generated
from/(absorbed
by) operations||||17||580,408||236,829| |Cash flows from Investing||activities||||||| |Purchase oftangible fixed|assets||||(17,316)||(32,941)|| |Investment
additions|||||480,000||240,000|| |Interest received|||||7,545||1,509|| |Dividends
received|||||42,813||30,468|| |Net cash used in investing||activities||||(446,958)||(240,964)| |Net increase/(decrease)|in cash and cash equivalents|||||133,450||(4,136)| |Cash and cash equivalents||at beginning|ofyear|||359,283||363,419| |Cash and cash equivalents||at end ofyear||||492,733||359,283| |Relating to:||||||||| |Bank balances and short|term deposits|||||492,733||359,283| ## ## ## ## ## ## |1|Accounting
Policies (continued)||||||| |---|---|---|---|---|---|---|---| ||Donagoiis||||||| ||SSFgratefully
acknowledges
the support
received from its wel-wtshers.
Donations
are received
both|in|monetary
form|||and|in the| ||form ofgoods and services provided
without charge or at below normal
commercial
rates. Monetary donations,|||including||legacies,|| ||are induded
in these accounts when
notTiied to the Society and when such amount is quanbfiable.
Non-monetary|||gills are excluded|||| ||from the accounts.||||||| ||The Brothers
have never made
any charge for short-term
guests
and rebeatants
in our Friaries|so|this imporiant|||and|highly| ||appreciated
part of our income
is included
within
Voluntaty
Income
in the Accounts
under
the heading
"Donations|||||and|Trust| ||Income".||||||| ||Investments||||||| ||Investments
in the Central
Board of Finance
Investment
funds
are initially
measured
at transaction|price excluding|||transacbon||| ||costs, and
are
subsequently
measured
at fair value
at each
reporting
date.
Changes
in fair value
are|||recognised|||in net| ||incoming/outgoing
resources
before transfers.
Transaction
costs are recorded
as expenses
as they are incurred.|||||Unquoted|| ||investments
are valued
by the trustees.
The cost ofthese investments
is stated
in note 9.||||||| ||Current Assets||||||| ||Stocks are stated at the lower ofcost and net realisable value.||||||| ||Leasin
and Hire Purchase
Commitments||||||| ||Leases are dassitied as finance leases whenever
the terms ofthe lease transfer substantially
all the risks||and rewards of|||ownership|| ||to the lessees. A8 other leases are dassiTied as operating leases.||||||| ||Assets held under hire purchase
contracts and finance leases are recognised as tangible assets atthe|lower ofthe assets fair|||||value| ||at the date ofinception
and the present value ofthe minimum
lease payments.
The related
liability is|included
in||the balance|||sheet| ||as a finance lease obligation. Lease payments
are treated as consisting ofcapital and interest elements.||The interest is|||charged to|| ||net income/(expenditure)
forthe year soas to produce a constant periodic rate ofinterest on the remaining||balance ofthe|||liabiTity.|| ||~RI I
t||||||| ||The Society has elected to apply
the provisions
of Section 11 "Basic Financial
instruments
and|Section 12 "other Financial|||||| ||Instruments
ofFRS102to all ofits financial instruments.||||||| ||Financial
instruments
are recognised
in the Society's balance sheet when the Society becomes parly|to the contractual||||provisions|| ||ofthe instmment.||||||| ||Financial
assets
and
liabilities
are offset,
with the net amounts
presented
in the tinancial
statement,||when|there|is a||legally| ||enforceabie
right to set offthe recognised
amounts
and there is an intention
to settle on a net basis or|to realise the asset and|||||setge| ||the liability simultaneously.||||||| ||Basic Financial Assets||||||| ||Basic financial assets, which
include
debtors
and cash and bank balances,
are initially
measured|at|transaction
price including||||| ||transac5on
costs and are subsequently
cerned at amortised
cost using the effective
interest
method||untess|the arrangement|||| ||constitutes a financing
transaction,
where the transaction
is measured
at the present
value of ths future receipts discounted||||||at a| ||market rate ofinterest. Financial assets ciassiTied as receivable
within one year are not amorlised.||||||| ||Basic Financial
Liabilities||||||| ||Basic financial
IiabiliTies,
including
creditors
and bank loans are initially
recognised
at transaction
price unless|||the arrangement|||| ||constitutes a financing
transaction,
where the debt instrument
is measured
at the present value ofthe future payments|||||discounted|| ||ata market rate ofinterest. Financial
liabilNes classilied as payable within one year are not amortised.||||||| ||Debt instruments
are subsequently
cerned at amorlised
cost, using the effective interest rate method.||||||| ||Trade creditors are obligations
to pay for goods or services that have been acquired
in the ordinaiy||course|of operations|||from| ||suppliers.
Amounts
payable are ctassiTied as cunent liabilities
ifpayment
is due within one year orless. Ifnot, they are presented as||||||| ||non-current
liabiliTies. Trade creditors are recognised
initially at transaction
price and subsequently|measured||at amortissd|||cost| ||using the effective interest method.||||||| ||Dereco
niTion ofFinancial
Liabilities||||||| ||Financial
liabilities are discharged
when the Society's contractual
obligations
expire or are cancelled.||||||| ||Crigical Accountin
Estimates and Areas ofJud
ements||||||| ||In the application
of the Society's accounting
policies, the Trustees are required
to make judgements,|estimates||and assumptions|||| ||about the carrying
amount ofassets and gabilities that are not readily apparent
from other sources. The||estimates
and|||associated|| ||assumpfions
are based on historical experience and other factors that are considered
to be relevant.|Actual results may||||differ from|| ||these estimates.||||||| ||The estimates
and underlying
assumptions
are reviewed
on an ongoing basis. Revisions to accounting|esfimates||are recognised
in|||| ||the period
in which the estimate
is revised
where the revision affects only that period, or in ths period||of the revision|||and|future| ||periods where the revision affects both current and future periods.||||||| |Notes toths Accounts|Notes toths Accounts|Notes toths Accounts||||||||| |---|---|---|---|---|---|---|---|---|---|---| |for the Year ended|30th June 2023||||isores|||||| |||||||||Depreciation|Toad 2023|Total 2022| |2.Analysis ofResources expended".||||||||||| |Raising funds||||||||||| |Shop and Pubgcation||costs|||3b||8,718||8,718|9,058| |Chayitable
ActiviTies|||||4a|20,649|680,216|117,590|818,455|813,235| |Totalrssciimes
used||||||20,849|888,934|117,590|827,173|822,292| |3.Other trading activities||||||||||| |sa.Shop and Publications|||||||||Total 2023|Total 2022| |Income||||||||||| |Shop sales|||||||||17,838|18,413| |Royalties snd Book|Sales||||||||1,412|891| ||||||||||19,250|19,310| |Franciscan
Magazine||Income|||||||17,408|18,147| ||||||||||36,656|35,457| |3b.Shop and Pubgcation|||||||||Total 2023|Total2022| |Cost ofshop sales|||||||||8|8| |Opening
stock|||||||||815|800| |Pumhnses
and Direct||Overheads|||||||5,317|6,101| |Less Closing Stock|||||||||(919)|815| ||||||||||5,212|6,088| |Franciscan
Magazine||Expenditure|||||||3,506|2,970| ||||||||||8718|9,056| |4a.Charttstds
Activities||||||||||| ||||||||Designated||Tolal2023|Total 2022| |||||||Funds|Funds|Restricted Funds||| ||||||||8|||f.| |Occupancy Costs||||||231,313|3,376|39,014|273,703|261,600| |Food||||||78,452|||78,452|69,448| |Brothers' Expenses||||||76.097|||76,097|33,089| |Brothers' Formafion||||||7,693||4,095|11,788|9,959| |Brothenr Care|||||||9,165||9,165|3,215| |Promotion
ofReligious|||Life|||330||3,693|4,023|1,753| |Chapel||||||4,375|||4,375|5,559| |Travel and Transport||||||27,040|||27,040|30,292| |Gifts and Donations|||||13|29,384|21.548||50,930|48,122| |Equipment||||||9,180|||9,180|9,885| |Stalf Costs|||||4c|20,649|||20,649|15,498| |Volunteer Expenses||||||28,401|||28,401|29,919| |Postage and Telephone||||||21,675|||21,675|21,906| |Printing,
Stationery|and||Offlce|||15,966|||15,966|15,963| |Safeguarding||||||232|||232|2,197| |Other: Non-wcumng||||||139|||139|882| |Rural Payment
Agency|||Costs|||||25,883|25,663|75,588| |Forestry costs||||||||3,990|3,990|25,946| |Alnmouth
Chalet||||||||||| |Professional Fess|||||||2,500||2,500|210| |Bank Charges||||||1,950|||1,950|1,556| |||||||552,877|38,586|76,455|865,918|682,544| |Depreciation - Equipment|||||5||8,773||8,773|1,550| |-Buildings|||-Freehold||5||91,632||91,632|93,421| |-Buildings|||-Leasehold||5|||||| |-Vehides|||||5||4,303||4,303|6,518| |-Renewable||||Energy|||14,883||14,883|14.602| |-Loss Oil|||disposal||5|||||| |-Impairment|||||5|||||| |Governance
costs|||||4b|34,947|||34,947|34,602| |||||||587,824|154,176|76,455|818,455|813,235| |Analysis
by fund-|prior year|||||||||| |General Funds||||||||||525,927| |Designated
Funds||||||||||146,673| |Restricted Funds||||||||||140,635| |BROTHERS|OF THE FIRSTORDER|OF THE FIRSTORDER|OF THE FIRSTORDER|OFTHE SOCIETY|OF SAINT FRANCIB.|OF SAINT FRANCIB.|OF SAINT FRANCIB.||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |(European Province) -||Registered|Charity Noi 236464.||||||||||| |Notes tothe|Accounts||||||||||||| |forthe year ended 30th June, 2023|||||||||||||| |||||||||||||Toad 2023|Total 2022| |4b.governance
Costs|||||||||||||| |Auditors
Rsmunma5on||- Audit Fee||||||||||9,000|8,000| |||-Accountancy||5 Other services||||||||14,016|14,272| |||—Professional||&Legaf Fees||||||||3,920|| |||-Clmpter expenses||||||||||8,011|12,330| |4a.Staff Costs||||||||||||2023|2022| |Wages||||||||||||20,649|15,498| |The average|monthly
number ofemployees was 1 (2022-1).No employee||||||received benegts ofover 560,000.||||||| |5.Fixed Assets||||||Renewable|||Properges||||| ||||||||Energy|Equipment|Freehold|Leasehold||Vehicles|Total 2023| |CosVVsluagon|at 1stJuly 2022|||||||87,479|8,628,810|||83,112|9,091,433| |AddNansrlmpravements|||||||5,758|6,738|||||17,316| |Impairment|||||||||||||| |Disposals|||||||||||||| |Transfers|||||||||||||| |At30thJune|2023||||||297,790|94,217|8,633,831|||83,112|9,108.749| |Depreciagon|at 1stJuly|2022|||||103,151|79,777|4,051,182|||78,431|4,312,540| |Depreciation|charge for|the year|||||14,883|6,773|91,632|||4,303|117,590| |Impairment|||||||||||||| |Deprecisaon|on Disposels||||||||||||| |Transfers|||||||||||||| |At 30th June|2023||||||118,034|86,550|4,142,814||||4,430,130| |Net BookValue|||||||||||||| |At 30th June 2023|||||||179,756|7,667|4.490,817|||378|4,678,619| |At1stJuly 2022|||||||188,881|7,702|4,577,628|||4,681|4,778,893| |Ths Brothers|have reviewed the canylng value afthe freehold pmperges|||||at|the year end and are afthe opinion that these are||fairly slated and that no pravisions||for iiiyalrment|are necxwsary.|| |Ths Brothers|reviewed the canying||value ofthe leasehold||properties at|the|previous year end and deemed that an impalmwnt||ofthe properly was necessary to||ensure that it is|fairly slated.|| ## |6.Transfers - Building Improvements,|6.Transfers - Building Improvements,|Vehicles &Equipment||Designated|Restricted|Total 2023| |---|---|---|---|---|---|---| ||||Fund|Funds|Funds|| |Cast of Buikfing Improvsmmas|in year||(4,820)|4,820||| |Cost ofVehicles purchased
in|year||0|||| |Cast ofRenswabls
Energy purchased||in year||||| |Cost ofEquipment
purchased|in year|||6,738|(6,738)|| ||||(4,820)|11,558|(8,738)|| ||||||||||||2023
f|2022f| |---|---|---|---|---|---|---|---|---|---|---|---|---| |FairValue||||||||||||| |At1 July2022|||||||||||450,000|450,000| |Revaluations||||||||||||| |At30June 2023|||||||||||450000|450000| |Ifinvestment
properdes were stated on a historical||cost basis rather|than afair value basis, the||||amounts||would|have been as follows:||| ||||||||||||2023|| |Cost
Accumulated
depreciation
Camjing amount|||||||||||154,160
~n, 828
88221|| |A property
previously
treated as|Freehold Properhes|was transferred|to Investmsnt||ProperEes||in 2019reflecting|||its change ofuse.||| |The fair value ofthe Investment|Properties have been amved at by||reference|to market||evidence||oftransaction||prices for similar properties.||| |In the Trustees opinion the Fair value at 30June 2023reflects the investment||||Properties||current||market|value.|||| |ILcapital snd MaJor Repair and other|commltrnards|||||||||||| |In June 2023, the budget for Ete Enancisl year to||30th June 2024|was presented||and|discussed||at the|Provincial||Chapter. The folhwlng
capital and major repair|| |commitments
were agreed:||||||||||||| ||||||||||||2023|2022| ||||||||||||f|f| |Alnmouth
Friary|||||||||||41,200|47,738| |Birmingham|||||||||||40,000|7,094| |Canterbury,
Wincheap||||||||||||| |Glasshampton
Monastery|||||||||||39,185|30,900| |Hilfield Friary|||||||||||21,530|22,029| |Leeds||||||||||||1,000| |Plaistow,
Balsam Street|||||||||||356,808|18,360| |Plaistow,
Croiton Road||||||||||||| |Fvovincial|||||||||||20,000|10,000| ||||||||||||518,503|137,721| ## ||||||al|N
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I-|mkPP|8||||gm3|||Ie|||||||||»|K«»R||| ## ## ## ## ## |Notes to the Accounts
for the year to 30th June 2023|Notes to the Accounts
for the year to 30th June 2023|Notes to the Accounts
for the year to 30th June 2023|Notes to the Accounts
for the year to 30th June 2023|||| |---|---|---|---|---|---|---| |17.Cash generated
from operating
activities|||||2023|2022| |Surplus for the year|||||221,334|453,365| |Adjustments
for:||||||| |interest received|||||(7,544)|(1,509)| |Dividends
received|||||(42,813)|(30,468)| |Fair value gains and losses on|investments||||16,117|34,184| |Depreciation
and impairment
oftangible|||fixed assets||117,590|116,089| |Deficit/(Surplus)
on disposal of||Vehicles||||| |Movements
in working
capital:||||||| |Decrease/(increase)
in stocks|||||(605)|2,485| |Decrease/(increase)
in debtors|||||283,407|(350,205)| |(Decrease)/increase
in creditors|||||(7,078)|12,887| |Cash generated
from/(absorbed||by) operating||activities|580,408|236,828| |18.Financial Instruments|||||2023|2022| |Carrying
amount offinancial||assets||||| |Debt instruments
measured
at amortised cost|||||611,889|895,296| |Equity instruments
measured|at cost less impairment||||1,528,400
2,140,288|1,064,517
1,959,813| |Carrying amount offinancial
Measured at amortised
cost||liabilities|||15,309|23,388| ##