## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Total|movements
in investments
has been as follows:|| |---|---|---| ||Bid value of units at 1January 2022|24,294,062| ||Proceeds from units sold|(300,000)| ||Bonus units allocated|34,357| ||Market price movement
on units|(2,661,720)| ||Bid value of units at 31December 2022|21,366,699| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||C
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CQ| ## ## ## |Notes|2022|2021| |---|---|---| ||f|| |9|1,500,000|1,500,000| |10|21,366,699|24,294,062| ||22,866,699|25,794,062| ||1,744|3,364| ||80,892|366,945| ||82,636|370,309| |12|(23,122j|(23,332)| ||59,514|346,977| ||22,926,213|26,141,039| |15|12,843,663|16,244,789| |13|8,582,550|8,396,250| ||21,426,213|24,641,039| |15|1,500,000|1,500,000| ||22,926,213|26,141,039| ## ## ## ||||2022|2021| |---|---|---|---|---| ||||f|| |Cash flows from operating|activities:|||| |Net (outgoings)/income|as reported|in the Statement of Financial Activities|(531,490)|69,759| |Adjustments
for:||||| |Depreciation||||1,110| |Net income|from investments||(34,357)|(32,158)| |Decrease in|debtors||1,619|49| |Increase/(decrease)
in creditors|||13,787|(7,526)| |Net cash provided
by operating
activities|||(550,441)|31,234| |Cash flows from investing|activities:|||| |Net income from investments|||34,357|32,158| |Sale proceeds of investments|||300,000|21,071,375| |Purchase of investments|||(34,357)|(21,103,533)| |Cost of alterations
to buildings|||(21,616)|(19,136)| |Net cash used in investing|activities||278,384|(19,136)| |Change
in cash and cash equivalents
in the year|||(272,057)|12,098| |Cash and cash equivalents|at 1January||352,949|340,851| |Cash and cash equivalents|at 31December (see below)||80,892|352,949| |Analysis ofcash and cash|equivalents|at 31December:||| |Business premium
deposit account||(instant access)|80,892|366,945| |Current account overdraft||||(13,996)| ||||80,892|352,949| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||Unrestricted|funds| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2022|2021| ||||||||||f|| |1|Income|||||||||| ||Rental income:|||||||||| ||Rental income|from|retired priest||||||35,708|| ||Rental income|from|nursing||home facility||||17,096|| ||||||||||52,804|| ||Donations
received||||||||400|| ||Bank deposit interest||||||||985|| ||Rebates received|from|investment|||manager|CCLA||34,357|32,158| ||||||||||88,546|32,158| |2|Charitable
donations|||||||||| ||The Congregation's
Mother|||House||in support||ofthe||| ||Congregation's|work|overseas||||||511,000|6,900| ||Other donations|||||||||| ||||||||||511,000|6,900| |3|Costs ofcare and|accommodation||||provided||||| ||Payroll and Contract staff (Note 7)||||||||16,204|197,192| ||Premises||||||||3,524|12,704| ||Supplies and services||||||||5,585|29,088| ||||||||||25,313|238,984| |4|Support ofthe members of|||the|Congregation|||and their ministry||| ||Premises||||||||14,097|7,811| ||Sisters'
living and|personal||expenses|||||29,914|13,108| ||||||||||44,011|20,919| |5|Other costs|||||||||| ||Bank charges and sundry costs||||||||567|1,108| ||Legal and professional||fees||||||39,145|16,315| ||||||||||39,712|17,423| |6|Net income for the year before||||net|investment||gains or losses||| ||This isstated after charging:|||||||||| ||Auditor's
remuneration||(excluding|||VAT):||||| ||Audit services||||||||5,500|5,650| ||Other services||||||||1,000|1,000| ||Depreciation|||||||||1,110| ## ## ## ||||Unrestricted|funds| |---|---|---|---|---| ||||2022|2021| ||||f|| |7|Staff costs and Trustees'|remuneration||| ||Contract staff||16,204|36,742| ||Payroll|||129,252| ||Social security costs|||5,901| ||Pension contributions|||2,519| ||Redundancy
payments|||22,778| ||||16,204|197,192| ## ## |Tangible fixed assets||| |---|---|---| ||Freehold|Fixtures| ||land and|fittings &| ||buildings|equipment| |Cost or valuation||| |At 1January 2022|2,500,000|5,590| |Additions||| |At 31December 2022|2,500,000|5,590| |Depreciation||| |At 1January 2022|1,000,000|5,590| |Provided
in year||| |At 31December 2022|1,000,000|5,590| |Net book values||| |At 31December 2022|1,500,000|| |At 31December 2021|1,500,000|| ## ## ## |||||||||2022
f|2021f| |---|---|---|---|---|---|---|---|---|---| |10|Investments||||||||| ||Investment
managed
by|CCLA:|||||||| ||Market value at 1January|||||||24,294,062|21,101,353| ||Purchases||||||||21,071,375| ||Units purchased
from CCLA||rebates|||||34,357|32,158| ||Sale proceeds|||||||(300,000)|(21,071,375)| ||Net (decrease)/increase|in unrealised||gains||||(2,661,720)|3,160,551| ||Market value at 31December|||||||21,366,699|24,294,062| ||Averaged
cost of investments||at 31December|||||20,833,137|21,088,244| ||Realised and unrealised|gains in the year:|||||||| ||Net realised gains|||||||10,536|3,497,561| ||Net unrealised
gains at year-end|||||||533,562|3,205,818| |||||||||544,098|6,703,379| ||Investments
held at 31December comprised the following:||||||||| ||COIF Catholic Investment||Fund Founder Accumulation|||units||21,366,699|24,294,062| ||Total unrealised
gains at|31|December|included|in the valuations||above|533,562|3,205,818| ## ## ## ||||||2022
f|2021f| |---|---|---|---|---|---|---| |11|Debtors and prepayments|||||| ||Other debtors|||||| ||Prepayments||||1,744|3,364| ||||||1,744|3,364| ||||||2022|2021| |12|Creditors:
Amounts|||falling due within one year||| ||Bank overdraft|and||credit cards|906|13,996| ||Sundry creditors||||1,512|| ||Income received||in|advance|2,904|1,536| ||Accruals||||17,800|7,800| ||||||23,122|23,332| ## |||Retirement| |---|---|---| |||reserve| |At 1January 2022||8,396,250| |Addition to reserve||186,300| |At 31December|2022|8,582,550| |Total designated|funds:|| |At 31December|2022|8,582,550| |At 31December|2021|8,396,250| ## ## ## |14|Summary offund movements|Summary offund movements|||||||General|Permanent| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||Fund|Endowment| |||||||||||Fund| ||||||||||E|f| ||Balances at 1January|2022|||||||24,641,039|1,500,000| ||Income||||||||88,546|| ||Expenditure
including|improvements|||to property||written off||(641,652)|| ||Investments
gains/(losses)||||||||(2,661,720)|| ||Balances at 31December 2022||||||||21,426,213|1,500,000| ||The Designated
Fund|was increased|||by 6186,300||(2021 —f1,600,500) and stands at E8,582,550at the|||year-end.| |15|Analysis ofnet assets|between|funds at 31December 2022||||||General|Designated| ||||||||||funds|funds| ||||||||||f|f| ||Tangible fixed assets,|investments||and||cash awaiting||investment|12,784,149|8,582,550| ||Net current assets||||||||59,514|| ||||||||||12,843,663|8,582,550| |||||||||||Permanent| |||||||||||endowment| |||||||||||funds| |||||||||||f.| ||Fixed assets
—freehold|property||||||||1,500,000| ||Total net assets||||||||22,926,213|| ##