Charity registrniitsn number.. ?i04i I Daughters Of Our Lady Of Good Counsel And St Paul Of The Cross Ann[1 Report and Financial Sthiements for the Year Endcd i I tkcember ?0?3
Daughters or Our Ladv Of Good Counsel And St Pattl Of The Cross Contents (continued) Reference and AdmiDiStTaiiv¢ Dethils Trustees. Repon ?104 Statement of Tru%1tt5' Responsibiliiies Independent F..iamin&s Rqx>rt Statemeni of Fi]Jaticial Activities Balance Sheet Noies to ihe Fith1ncial Statements 910 18
Daughters Of Our Lady Of Good Coullsel And St Paul Of The Cross Reference and AdminRStratii'e Details Tru5tee5 P Foreman H Thotnp5on M Short P Donlar] Ch9rity Registration Nllmber 250451 Principal Offic I I Ruscoe Road Viaoria Docks London E16 IJA Independ¢nt Exalniner Hodson & Co Wision House I Wrston Hou Worthintr Wesi Su55ex BN14 7QL Page I
Daughters Of Our Lady Of Good Counsel And St Paul Of The Cros5 Trustees, Report The trustees present the annual report together with Ihe financial $ell)enIS of the charity for the year ended 31 December 2023. Objectives 4nd aetlvitKes Obiecls ftim5 The principal objective of the Charily is the advancement ofthe Rotnan Catholic religion. Public benefil The chari(ys main tiVitieS focus on counselling and undenakin¢ charitable WOTks io further the charitable purpose of the charit) and for the public bencfit. I'lie trsTetS confirm that they have complied wilh the requirements of sedion 4 of the Charities Act 2011 10 have due retsard to the public benefit guidance published by the Charity Corami55ion for England and Wale5. Finaneial review Policy resenyes The irustees continue io review the financial atTairs of the charity wirh The aim to increase income, and to improve control over costs and it5 operdiions. It is the poli¢}. of ihe charity io hold in resetv¢ a sum that would Cover total annual running expenses. Unrestricied funds weie maintained at le35t ihi5 level throughour ihe year. Thc trustees consider that the present level of funding will be adequaie to support the continuation of the charity and for li fulfil its obliga(ions. InweSlmenlpolicy und objecilves The objects of the charity authorises it to invest and deal 'ith monies nol immediarels, required for its purposes in and upon such investmcnts. securities aTbd property as maj. be thought lit. The trust¢es have an ethical investmeni policy that the nd managers are obliged to ¢ompls' wiih. The tTUS(ees have considered the Inosl appropriate policy foT invesiino funds and have found thai the in&e5tments shoivn in note 13 of ihe aLcoun meeis their requirements io generate both income and capiial Jowth itl accordai)c¢ with ihe eihical inv¢5tmen¢ policy. The trustees are saiisfied with the perforniance of the investments durin8 the year. Going ¢oncer The charity has reasonable expectation thai it adequate resource5 io coniinue in opeiational existencc for the foreseeable fvture and belieN'e that there ore no material uncertainties ihai call into the charitys ability to continue in operaiion. Accordingly. the accounts have been PTepaTed on rhe basis that the charity is a tsing concern, Structure, goverllanee and managemeDt "uiure olgovgrning rfocuniÉii¢ The Daughiers of Our L4d}' of Go] Counsel and Si Paul of the Cros5 (Vocaiion SisteTsI is a charity e51ablished by a Trusi Deed dated 15 June 1967 and is regi51ered 1111 the Charity. Commission of Enoland and Wales Ino. 250451). Page 2
Daughters Of Our LadTr' Of Good Counsel And St Paul Of The Cross Trustec5' Report (continued) RecruiimeNI uiid #ppuintsNen¢ uftrusiees Appoinirnent of trusiees is 1?overned bv the Ttusi Deed of the chaiiN. Th¢ Tnjslees are auihoTiSed to appoint neiv trusiees io till £ancieS arising through resignation or death of an ex11n trustLY according to thc Trust Deed. liiduc'iion ttiidir4Tining oltriisieef All trustees are already familiar iviih (he practical of the chariry. If new Irusttts were to be appoiDlt(L shorr trdinints sessions would be undettsk-en io familiarise nem. trusiees with the chaiit¥' and the ¢onie¥t within ieh it operates. OrganisatiuThal 5truclure Th¢ charity is organised so that th¥ trust¢¢s meet re4ul&ly to IIJana8e its affairs. lttjor risks Imdmanuxemeni tho.se r&sk$ Risk Alad¥emeI The trusiees acilelY reYÉew the major risks thar the chariry face5 on a rellar basis aDd believe th mainraining reserles at curreni levels. Lombined willi ihe annual revieiv of the CODtrols oler key litwicial 5}'5tems. will pro*ide sulricient iesourcts in the eveni ot- ad¢¢ condiiions. The trustees have also examined other operational and business risks faced bv Ihe charii) and confm thai they have established 5!steTn5 to mitigate the signiticant risks. Page 3
Daughter5 or Our Lad). Of Good Counsel And St Paul ()f The Cross Trustees, Report (continued) The annual report ivas approyed by the llUees of the charity on eFand signed on its behalf by.. P Foreman rrusiee M Short Ttijstee
Daughters Of Our Lady Of Good Counsel And St Paul Of The Cross Statement of Trustees, Responsibilities The trusiees are resp)nsible lor preparing the trus. repon and the fancial s¢atements in accordance with the tinited Kingdom Accouniin(7 Standards (United Kin¥dom Generall), Accepied Accollntinq PTa¢iicel and applicable law and reoulaiions. Ime law applicable 10 chariiies requires the tru5ree5 to prepare fuLat]cial siatenienis foi each financial year ivhich give a true and tair view ot the stale ot affairs of the chariti, and of the incominu resources and application of resollrces ot the charity for that period. In prepannu these financial staTemeriis, thc tsustees are required io.. select suiiable accollnting EK)licies and then apply ibem consisieDtIy,' ubserve the Metho and principles in the Chariiies SORP- make judgemellts and e5tin]ates that are reasonable and pnjdeni: tate %*hether applitable accounlitits sthndards ha&e been folloivd subjecr ts) any material departures disclosed and eiplained in the fujancial sthtements. and prepare ihe fAnancial staiemeois on the going concern basis unless it is inappropriate to presume thai the charity will continue in business. The rrustees are responsible for keeping proper accounting record5 that disclose widi reasonablt accuracy ar any time Ihe fanCIal position of the charitv and enable them io ensure that the financial statements Comply ivith rhe Charities Aci 2011, the Charities (A¢£ollnrs and Report5) Requlaiiorts ?008. amd the provisions of the constitution. The trustees ate also responsible for %af¥iouordin? the as5clS of the Charl and hence foi taksng reasonable steps for the prevention and de¢tion of fraud and other IegulaTIties. The trustees ate resFKJnsible for the mainienarKe and IngrIty ol the corpornte and tinancial infom]aiion included on Ihe elwiiable companys ivebsite. Legislaiion governing the PparatIon and dissemination of l-mancial stareinents may dirfer frozn le¥islalion in other jurisdictio. Approved by the trustees of the charÉtv uii ........ and 5iwed on its behalt b).: P Foreman Twstee M Short Truste Page i
Daughters Of Our Ladv Of Good Counsel And St Paul Of The Cros5 Independent Examiner's Report to the trustees of Daughters Of Our Lad> Of Good Counsel And St Paul Of The Cross I report to the truslees on MN" exalnination of the accounls of Daughiers Of Our Lady Of Good Counsel And Si Palll Of The Cross lor the year ended i l December ?073. Responsibilities and basis of report As the charity tt7JStee5 of Daughters Of Our Lady Of Good Counsel And Si Paul Of The Cross vou are responsible lor the prepardtion ot the accLiunts in accordance th the requirements of (he Chariii¢s A¢t 2011 I'the Act'l. I reporr in rttpect of my examination of the Dau¥hrus Of Our Ladv Of Good Counsel And Si Paul Of The Cross'% accounts carried olll under seciion 14) ol- the ?01 l Acl and in Carryin out my examination I have folloived all the applicable Direciions giv¢n by the Charirv CoTnmissioll ullder settion 14i{ilO)) of the Act. Independent ¢iaminer's statetlltlll I have completed mv examinlOn. I confim thai rnaicrial matters have come io my attention in connection Ivith the eXami[[lOn L7iVilliF ttie Lause to b¢li¢s"e that in any marerial res1.. l. accounting records i¥ere noi kepi in respect of Daughters Of (kjr Lath. Of Gwd Counsel And St Paul Of The Cross as required by seciion lio of the A¢1= or 2. the accounts do noi accord iviih those record5- or the accounts thi not comply 1th the accouniing requirements Concernin the fomi and cooteni ot accounts Sei oui in (he Charities (Accounts and Repons) Re0u1l0s ?IK18 oiher than any requirerneDt that the accounts uive a -true and fair i'iei¥' which is not a matter considered &8 part of independent examination. I have no concerns and have come acr055 no other tnatters in conneciion iviih the e¥aminaiion ts) iihTch attention should bt awn in this rewrt in order to enable a proper understanding of ihe ac¢ounis 10 be reached. Martheiv son FCA Independent E.Kaminer Wi5ton House I Wiston Flouse Wonhino West Slisse BN147QL
Daughters Of Our Lad), Of Good Counsel .4nd St Paul Of The Cross Statement of Financial Activities for the Ycar F.nded 31 December 20?3 Total 2023 Unre5tricied Note Income and Eltdowments from- t>onaiions and legacies Inestment inLome Other income 4).?91 4),291 34,43? i7,91 i7.911 Total Income 1176i4 117,634 Expenditttre on: 1117,8il) 117,831 Total ExpendiNre Gainylosses on investment assers (117.8il) i9.649 117,831 39,649 Nei tnoverncnt in ndS 39,452 39,4)2 Reconciliation of funds "Foial tunds broughi forward 2.10?724 2,10? 724 Total tunds carried fotTh¥ard 17 ? 14! 176 L'llrestri¢ted funds 14? 176 Total 20!2 Note cOt Endoji'ments from: Donations and l¢¥dcies Invesitneot iDcome Other income 36.246 2?.7 j? 1.487 36,246 92.75? 1.487 Total income 60.48) 60.48) Expenditure oD- Raising funds Charitable activities (3,700) (10.-7.737) (3,700) 1103.7i7) Total expenditure Gain511oss¢s on ini'e5ment a55ets (107,43T) (13i.81?1 {107,4J7) (lij,81?) Net expenditure (18? 76A) Ner movetnent in funds {18*.764) (18? 764) Rfconciliation of funds Total tunds bioiiJo I fonvard Total fund% carried forward ! ?8? 488 1.287.488 17 ? 10?,7?4 All ol-lhe charil) s acltTrities derive Irom coniinuin2 0ratiOnS durinly the abovl iivo periods. The lunds breakdown for 20?2 is showTr in noi¢ 17. ue5 9 to 18 forni an iniigral part of these FUncl] statements. The pote5 pa? pe7
Daughters Of Our Ladv Of Good Coullsel And St Paul Of The Cross (Registration number: 2504>1) Balan¢¢ Sheet as at 31 December 2023 2023 2022 Note Fixed #sseis TaLiJible &5ets InVeMen1S 883.3US 81 1,084.i91 77i.60J 13 1.698 1.860.19i Current asseis Debiors Cash at bank and in hand 14 15 2,728 44i.657 ?4?.664 446,38) Creditor5: Amount5 falling due itriihin one vear Nei current assets 16 (7 766) 443.619 "et assets ? 14? 176 ? 10? 7.4 Funds of ihe charity- Unrestrieted iNeoEne fuDds Unrestricted fund5 ? 141 176 2.10?,7?4 Totsl funds 17 7 147 176 ? 10?,7?4 na cial staiements on paoes 7 to 18 approv¢d by the trusiees, and authorised lor issue on and SliTned on Ih¢ir half bi.. P Foreman Tntte M Short TnLS The rt05 on pages 9 to 18 fonn an integral part of these fllmncial statements. Page 8
Daughters Of Our Lad), Of Good Counsel And St Paul ofThe Cross Notes to the Financial Statements for the Year Ended 31 December 20?3 A¢eouniiDg poliei StgéteEnent of eomplianee The linanLial siaiLmenis have been prepared Èn accordance with (he second edition of the chariti Strdtetnenl ol Recommended Praciice iued in Ouober ?019. the Fujancial Reportllig Standard appliLabl¢ in the Uniled inÉJdom and Republic of Ireland (FRS 10?) and the Charitie5 Acr ?01 l. Basis of preparation DauoJiers Of Our Ladv Of Good Counsel And St Paul (K The CTOSS nEets the defiDirÈon of a public benefii enliry under FRS 10) The accounts (fuonci31 statements) have been prepared under the historical cost conN'enLion Ivith items reColSed cosi or transaction i'alue unless othern¥ise sraied in the relevani note{s) to these accounts. The finanLial statements are prep in er[l9 which is the fiCtiOnal thkrrenc) of the entity. Coing eoncerD The fingncial stateTnents hae been prepared on a going cDnccTn basis. The trustees hai'e considered (he relevant inforniaiion, including the ture cash floivs and the impact of subsequeni een(s in llMkiDg Iheir asse55ment. Based on rhese assessments and h&iDP teijard io the resouTC¢S available, Ihe trustees have concluded that there is no material unLertaini)' and that they can conlinue to adopt the going concern basis the tinancial statements. ,ludgemtnts The preparation of the financial statements requires manauement 10 make judoemenis, e5timdtes and a55umptions thcit aftcci the amounts reported. These eslimaS and judoernents are continually reviewed are b<15ed on experience and orheT tactors. illcludin4Y expeciaiions of furnre evenL% thar are believed to be reonable undeT the circumstances. Ciilical accountini? esiimaies and assuPtio[ts-. depreciation and useful life of prOrtIeS - this requires an esttrnation ol.the usetiLI ecot]omic lite of propert) and an estimate of land apwrtionrnent. Where the chatiN makes egrimates and assumptions concemincp the fuwre. Ihe resulting accountino estimat¢s and assutnption5 will. by defltiition. Seldom equal the lated actual re5uI Income and endoThrnentS Voluntat?. illLome inclllding donations, gitls: ItrieS and graDts thai provide core fimding or are of a general aiure is reco ised i%hen th¢ charitN' has enliilemeni io Ihe income, li 15 probable thar the in£on)e i%'ill be received and the atnouni L4m ffteasured %vith sutficient reliabiliTh'. DonallOII.S le¥acies Donations and legacies are ftcolsed OD a receivable basis ivhen receipt is Probable and the amouni can be reliably measiired. F.¥penditure All Lxpcndtwr¢ 15 rc£ounised once there is a leoal or e0nstrncrie oblii>ation to thai expendiiuie: 51 is probable enlement is required and the aTnouni can be measured reliably. .IKII Lthts are allocated to the applicable e.Npendiiuie headinu ihai aLuirega¢e similar costs. 10 ihat Lalegory. Where costs cannot direcil}' arrribut¢d to particular heading5 the). hi£ b'e been alloced on a basis £on515tent i%ith the use of resourre5_ P4e9
Daughters Of Our Lad) Of Good Counsel And St Paul Of The Cr055 Note5 to the Financial Statements for the l'ear Ended 31 De¢¢mber 2023 (conlinued) 'I'hese are costs incurred in attractino Oluntary income, the tnanagement of investments and (hose incutTed in ding aLIivi11¢5 thai raise funds. Cliorilahle uc¢ivilies Cliaritable eXnditUre comprises those costs ll)curted b}." the charit). in the deli¥eTI' of lis artii'iiies and seTvices tor its beneflciarits. It includes trK>th iosis thai can be allOced dire¢il)' 10 such aCti7t7eS and those costs of an indirect naru tlecessary 10 suppm them. Support costs AII costs are allocaied io exFnditure categories reflttiing the use of the resource. Direct costs attributsble 10 a sin¥lt activiry are allocaied dire£ilTr io acii¥ity. Shared costs aTe apportioned betiTreen the activilies they coniribute io on a ieasollable. justifiable and COTrSiSienl b&%is. Governance costs These include ihe costs attributable to th< charl,.S compliance ivith c(M]stitutional and Statutory. requirements. includini> independent e.Katninaiion and strate¥iL tnanauemeni. Tangible flxed asset5 Individual fixed ass¢TS are initially recorded ar COSL less antr subkquenl aCCUIILulated deprlaTion and 5ubsequenr accumulated itnpairtnens losses_ Depreciatio and amortisatiort Depreciation is provided on tangib]e fi.led asseis so as Iu Tite off the cost or valuation, tess an}, escimated residual value, oer their eXrIed useful econotllic life as folloiws: Asset class Freehold property Fixtures and fitrings Motor vehicles Equipment Depreeigtiom method aThd rate o¥'eT io years l jO/o reducino balance over 4 years over ) Star5 ImpaireTrt of filed assets A rtvieiy tror indic£tiots Ol- itnpaimienr is carried our each reportinip date, %¥ith the recoverable atnount Eeing ¢stimaied i%4Jeie such itl£atorS e.Nist. Wh¢re the &rn"itLQ Vatue t.KLe¢ds ihe recoverable amounL Ihe Set IS impaired accordin£l)'. Prior impairments are a150 revieii.ed for possible reversal ot each Teporiing dale. For the purposes ol itnpairmenl testin&. wthen it is noi t}ssible to tlate the ietovernble amouni of an individual &sset. an estimate 15 made of the iectsverdble amount ol- th¢ ¢ash-g¢n¢raiin? unit ro thich the asset belongs. Paiie 10
Daughters Of Our Ladv Of Good Counsel And St Paul Of The Cross Notes to the Financial Statements for the Year Ended 31 tkcember 2023 {eontinued) Fiied a&set ini"ertrnents F'ixed asset ini'estmenis: oiher ihan programme related In'tmen15. are included at market vdlue at the balance sheet date. Realised ins and losses on invesrmenis are ealtulaied as the differenLe beiiveen sales proceeds and their m4Yket dllle ai rhe start ot'the K'eat. 01 Ehtit subsequent CiTrSL and are charged 01 credited io ihe Statement of Finan¢ial Activiiies in the riod o(disposal. Unrealised gains and losses represeni the movemeni in market values durin? Ihe year and are crediied or charged io the Star¢m¢nt ofFinancial Activiiies based on the market value at the vear end. Fund strueture UrLrestricled incorne fuTK15 art net]erdl (und5 that arr aTrailable for use & the trusiees discretion in funheranee or the objectives of iht charity. Desitsnated funds are unrestricred funds eamiaJed bj" the trusTres for particular tUre projeci or corntnitmenL Restricted tunds. are subjecied 10 restriciions on their expendinjre declared bj rhe donor or through the temjs of an appeal. and fall into one ol-ii¥o sub-classes.. resiricted income fidS or endoi*Tnenl nds. FiRapeial iustruments The challry onl> has ncial assets and financial liabiltie5 of a kind that qualih as basiL financial inslTuments. Basic financial instrumenis are iniially rec02nised at fdTLW(ion value and subsequenrlj measured ai their settlement value iViTh the excepiion of bank loans which are subseqllenily mthsured ai amonised cost usinv the effective interest method. 2 lllcotne from donolions and legaeies Unresiricted Total Total 20?2 GeDeral Donaiions and legacies- Donations Lega¢i¢s Peosions 4,765 33.910 13.glll 36.?46 3 Investment incorne Vnre5tricted runds GeeTl Total 2013 To1 20?2 Interest receivable and similar income- Inierest reLeivable on bank deposi 34,4j?
Dau4Jhters Of Our Lady Of Good Counsel And St Paul Of The Cr05S Notes to (he Financigl Statements for the Year Ended 31 Deeember 202.1 (continued) 4 Other incorne Unrestricted funds Genernl Total 20?3 Total 20?2 Oain5 on sale of Lqngible tixed assets for charif) 5 Ollyi &e 37.911 1,487 Page l?
Daughters Of Our Lad Of Cood Counsel And St Paul Of The Cr055 Notes to the Financial Statements for the l'ear Ended 31 December 2023 (continued) 4 Eipenditure ON ¢h#ritsble aciiiities Unresiricied Total 2023 Total Cenernl Comrnunitv account 4i.8iO 71.077 43.8iO 71.077 43.811 i7.286 Allocated supporr cost5 Governance costs 117.8Jl 117 831 103.7i7 £117,831 (?022- £103.737) of the aEM)ve exrKnditur¢ wd5 attributkble to mrestricted funds and £nil QO?2 £uil ) to restricted nds. 6 Analysis of governanct ¥Nd support costs Goverllaty¢e costs Unrtsiricted fullds GeDernl Total 2023 211?2 Indeptndeni examiner fees EKamination ol. the Iancial seMe[)ts Other governanee cosis 2.628 ?76 2,6?8 ?76 2.904 (do 7 Net IncominOtg0ing resources Nei olltgoiTro res(TrurLe5 lor Ihe year include". 2023 ?072 GainQ{Losses) m listed investrntntS lj>.81?) Page 13
Daughters Of Our Lady Of Good Counsel And St Paul Of The Cross Notes to the Financi21 Statements for the l'ear Ended 31 December 2023 (continued) 8 Trustees remuneratlOD and expense5 Dvrino the e3[ Ihe charity rTwle tht lollowiDO trdnsaciions with trustees". No triL5tees, nor aD)' persons connecied iviih thenL hat received any remutjeration frorn the chaTitv durincy the year. No trustees have received auy other iynefits trom the chariry durints the Year. hotVer see note 20. 9 Staff costs The aggregate pa011 costs were as follows: 2019 The averdge head co(ll)t of emplo)-ee% durin&v the y¢ar ivas Nil (?019_. Nill. No employee received emolufflents of more than £60,(M)O during th¢ year 10 Independent eiaminer's remuneratio 20•3 20?2 E¥aminaiion of Ihe fmancial sia(emefjts I l Tasation The charity is a regIsred charit) and is therefore frorn ILxation_ Pa£>e 14
Daughters Of Our Lad!. Of Good Counsel ADd St Paul Of The Cross Notes to the Financial Statements for the Year F.nded 31 Ikcember 2023 (Continued) 12 Tangible fixed assets Ind and buildings Furlliture and eyuipment Motor Yehicle5 C05t At l Januory ?023 Addiiions Disposals 1.133.09i 297.829 480,69 39264 1,2?8,3 j5 ?98.060 480.697 131 At 31 December 2023 9iO.?27 1.04i.718 Ikpreciailo At l January ?0?3 Charge tor the year 70,340 13,)44 21.)78 4.i66 4)9 18,649 At ) l Decembei 2023 8).884 *_784 16?.413 Net book value At 31 D¢cEmber 2023 866.i43 3.64? 13.3?0 883.30) At 31 December 2022 1.061 7) 3.9%0 1.084,i91 13 Fiyed asset investments 2027 Oth¢r investm¢nts 81),?)? 775.604 e 15
Dauqbters Of Our LadTr Of Good Counsel And St Paul Of The Cross Notes to the Financial Statemenls for the l'ear Ended 11 December 202.1 {conlinued) Other investEnellts Listed investments Tot#1 C05t or I'aluatio At l January ?0?3 Revaluation 77i.604 3C),648 77i,61)4 Ai 31 r)ecember 20?3 81 j,?)? 815 ?)? Net book alUe At 31 Dccetnber ?0?3 81 j.?)2 815,2)2 At 31 tkcen]b¢T ?02? 771.604 775.604 'lThe above investmenis are all in investrneni assets held in the UK. All are UrtrIcted Mnds. At 31 Decetnber ?0?3 the In'C$M7ents ivere £811 ?)? in a ColleciiNe Inveslmeni Account with lITer Investmeni Platform Limited. These invesnnenis are held 10 provide an inve5mJent retutn for the charilv. 14 Debtors ?023 ?072 Prepavments Other debtors 1.067 l.(b07 ?.728 l5 Ca$h #nd cash equii.2lcDts 2Q23 ?092 Cash bank Shoit-temi deposits 193.1?7 ?iO,iiO ?? j,j98 17,066 44) 6)7 24? 664 16 Creditors: amounls fallinu due within one year ?023 20?2 Other credirors Accruals 1.718 766 Paee 16
Dautshters Of Our LadTr ofcood Counsel And St Paul Of The Cross Notes to the Financial St2tem¢nts for the l'ear Ended 31 December 2023 (continued) 17 Funds Balance at 31 December 2023 Balance xt I JanuJrv Other reeogllised gaiDsIIIos5e5) Incoming rcsourtts Resources txpeDded 20?3 Unrestricted fullds GgAeral General ) 10• 7?4 117.6)4 117.8Jl) 39.649 ? 14? 176 Balance at B31ance at Januarv 20?2 Other recogniged gains/llws5esl Ineoming resowrces Re50urees elp¢ded December ?022 Unrestricted fvnds General GeTLera] ? ?8 j.488 60,48) (107,437 135.81? 2,10? 724 18 Analysis of net assets between funds Unrestrieted fund5 General Total funds at 31 D¢¢ember 20?3 Tangible ffiied assets Fixed asset IesM]ellts Curreni asse 883.ioi 81% ?)? 446,i85 88i,30i 446.38) (9 766) 2.14? 176 Current liabililies Total nct ass¢ts 14? 176 Uttrestrieted fwids Gtlltr#l Total funds #t 31 Decefflber 2022 Tangible filed assets Fixed assei iniesiment5 Current asbets Current liabilities 1.084.i91 77i,604 24i.246 1.084,i91 775,604 ?4) ?46 ?.717 Total nei assets 7 10) 7?4 ? 10? 7?4 Page 17
Dauohten Of Our Ladi. Of Cood Counsel And St Paul Of The Cr055 Notes to the Financial Statements for the Year Ended.11 December 202.1 (Continued) 19 Analysis of llet funds At31 Deeember 2023 At l January ?013 Fiuancing eash flows Cash ai bank ad in hand ?49.664 ?00.993 443,6)7 Net debr ?4?,664 ?00,993 443,677 20 Related parh. tr#e(lOU5 During ihe year the charity made lh¢ folloMin(b related party trdnsaciion& The Religious CommuDiti' As d r¢li¥>ious community any income received by membets of the V(all0 Sisters 15 received iT)lo the chaTIty, including salarits and pensions_ The chariiy provides housints aud 5ub51sience To its meJnbers incllldinii trustee5. Durini the Neat there M'ere fiv¢ emrS of ihe Longrtr)aiion. Edch member receive5 an incoTn¢ for dieir otTice together with living accommodaiion, livll)u expenses and Teitllbursemellt of costs. This expendirure is shoivn under'support cosrs,. Ai ihe balance sh¢¢t dale the amount due tolfrom The Religious Commwiilv itras £Nil (?0?? _ £Nil). P4£t 18