2023-03-31-accounts

			Pages
Trustees' Annual Report			2to4
independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Statement of Cash flows			14
Notes to the Accounts			gto13
Detailed Statement of Financial		Activities	15to 16

Statement of Financial Activiti for the year ended 31March	es 2023
		Unrestricted
		funds	Total funds	Total funds
		2023	2023	2022
	Notes	f	f	f
Income and endowments
from:
Donations and legacies		168,181	168,181	11,373
Investments		4,417	4,417	2,050
Other		1,782	1,782	9
Total		174,380	174,380	13,432
Expenditure on:
Charitable activities		24,408	24,408	11,334
Other		2,843	2,843	7,786
Total		27,251	27,251	19,120
Net losses on investments		(15,082)	(15,082)	(27,721)
Net income/(expenditure)		132,047	132,047	(33,409)
Transfers between funds
Net income/{expenditure) before other gains/{losses)		132,047	132,047	(33,409)
Other gains and losses
Net movement in funds		132,047	132,047	(33,409)
Reconciliation offunds:
Total funds brought forward		309,273	309,273	342,682
Total funds carried forward		441,320	441,320	309,273

The English Trusts of Balance Sheet at 31March 2023	The English Trusts of Balance Sheet at 31March 2023	The Institute Of Our Lady Of Mou	nt Carmel
Charity No. 261382				2023	2022
				f
Fixed assets
Investments			9	358,238	213,291
				358,238	213,291
Current assets
Debtors			10	1,654	1,515
Cash at bank and		in hand		83,048	96,087
				84,702	97,602
Creditors: Amount	falling due within one year		11	(1,620)	(1,620)
Net current assets				83,082	95,982
Total assets less current liabilities				441,320	309,273
Net assets excluding		pension asset or liability		441,320	309,273
Total net assets				441,320	309,273
The funds ofthe charity
Restricted funds
Unrestricted funds			12
General funds				441,320	309,273
				441,320	309,273
Reserves			12
Total funds				441,320	309,273

Basis ofpreparation	Basis ofpreparation	Basis ofpreparation
The financial statements have been prepared in accordance with Statement of Recommended			Practice:
Accounting and Reporting by Charities preparing their accounts in		accordance with the Financial
Reporting Standard	applicable in the UK and Republic if Ireland (FRS 102)issued on 16July 2014			and
the Financial Reporting Standard applicable in the United Kingdom		and Republic of Ireland (FRS102)
and the Charities Act 2011.
Change in basis ofaccounting orto previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting)				since
last year and no changes have been made to accounts for previous		years.
Fund accounting
Unrestricted funds	These are available for use at the discretion	ofthe trustees in furtherance		of	the
	general objects ofthe charity.
Designated funds	These are unrestricted funds earmarked by	the trustees for particular purposes
Revaluation funds	These are unrestricted funds which include	a revaluation reserve representing
	the restatement of investment assets at their market values.
Income
Recognition of	Income is included in the Statement of Financial Activities (SoFA) when the
income	charity becomes entitled to, and virtually certain to receive, the income		and		the
	amount ofthe income can be measured with sufficient reliability.
Income with related	Where income has related expenditure the	income and related expenditure			is
expenditure	reported gross in the SoFA.
Donations and	Voluntary income received by way ofgrants,	donations and gifts is included			in
legacies	the the SoFA when receivable and only when the Charity has unconditional
	entitlement to the income.
Tax reclaims on	Income from tax reclaims is included in the	SoFA at the same time as the
donations and gifts	gift/donation to which it relates.
Donated services	These are only included in income (with an	equivalent amount in expenditure)
and facilities	where the benefit to the Charity is reasonably quantifiable, measurable		and
	material.
Volunteer help	The value of any volunteer help received is	not included in the accounts.
Investment income	This is included in the accounts when receivable.
Gains/(losses) on	This includes any gain or loss resulting from	revaluing investments to market
revaluation offixed	value at the end ofthe year.
assets
Gains/(losses) on	This includes any gain or loss on the sale of	investments.
investment assets

2	Statement	of Financial	A	ctivities - prior year
						Unrestricted
						funds	Total funds
						2022	2022
Income and endowments			from:
	Donations	and legacies				11,374	11,374
	Investments					2,050	2,050
	Other					9	9
Total						13,433	13,433
Expenditure on:
	Charitable	activities				10,435	10,435
	Other					8,686	8,686
Total						19,121	19,121
Net	gains on investments					(27,721)	(27,721)
Net	income					(33,409)	(33,409)
Net	income before other
gains/(losses)						(33,409)	(33,409)
Other gains and losses:
Net	movement	in funds				(33,409)	(33,409)
Reconciliation		offunds:
Total funds brought forward						342,682	342,682
Total funds carried forward						309,273	309,273
3	Income from donations			and legacies
					Unrestricted	Total	Total
						2023	2022
	Donations	and gifts			168,181	168,181	11,373
					168,181	168,181	11,373
	Donations,	facilities and		services received
						Total	Total
						2023	2022
						f	f
	Donations	and gifts				11,338	11,373
						11,338	11,373

4	Income fro		m investm	e	nts
							Unrestricted	Total	Total
								2023	2022
							4,417	4,417	2,050
							4,417	4,417	2,050
5	Other income
							Unrestricted	Total	Total
								2023	2022
							1,782	1,782
							1,782	1,782
6	Expenditure		on charitable			activities
							Unrestricted	Total	Total
								2023	2022
	Expenditure		on charitable
	activities
	Charitable	Donations					10,000	10,000	3,100
	Retreats						11,598	11,598	6,334
	Stipends						2,810	2,810	1,900
	Governance		costs
							24,408	24,408	11,334
7	Other expenditure
							Unrestricted	Total	Total
								2023	2022
									4,581
	Motor and		travel costs				284	284
	General administrative				costs		939	939	1,585
	Legal and professiona			I	costs		1,620	1,620	1,620
							2,843	2,843	7,786

						Other
						investments
						- Listed	Total
							f
	Cost or revaluation
	At 1April	2022				213,291	213,291
	Additions					156,000	156,000
	At 31March 2023					369,291	369,291
	Provisions		and impairment
	Provided	during the year				4,142	4,142
	Revaluation					6,911	6,911
	At 31March 2023					11,053	11,053
	Net book	values
	At 31March 2023					358,238	358,238
	At 31March 2022					213,291	213,291
10	Debtors
					2023		2022
					f		f
	Other debtors				1,654		1,515
					1,654		1,515
11	Creditors:
	amounts	falling due within one year
					2023		2022
					f		f
	Accruals				1,620		1,620
					1,620		1,620
12	Movement		in funds
					Incoming
				At1 April	resources (including other	Resources expended	At 31March 2023
				2022	gains/losses}
					f
	Restricted	funds:
	Unrestricted		funds:
	General funds			309,273	159,298	(27,251)	441,320
	Total funds			309,273	159,298	(27,251)	441,320
13	Analysis of		net assets between funds
					Unrestricted	Restricted
							Total
					funds	funds
	Investments				358,238		358,238
	Net current		assets		84,702	(1,620)	83,082
					442,940	(1,620)	441,320

				At 1April		At 31March
				2022	Cash flows	2023
				f	f	f
Cash	and	cash	equivalents	96,087	(13,039)	83,048
				96,087	(13,039)	83,048
Net	debt			96,087	(13,039)	&3,048

				2023	2022
				f	E
Cash Rows from operating	activities
Net income/(expenditure)	per Statement	of Financial Activities		132,047	(33,409)
Adjustments for:
Dividends, interest and	rents from investments			(6,199)	(2,059)
Increase in trade and other receivables				(139)	(26)
Net cash provided by/(used	in) operating	activities		125,709	(35,494)
Cash flows from investing	activities
Payments for investments				(156,000)
Dividends, interest and	rents from investments			6,199	2,059
Net cash (used in)/from investing activities				(149,801}	2,059
Net cash from financing activities
Net decrease in cash and cash equivalents				(24,092}	(33,435)
Cash and cash equivalents	atthe beginning		ofthe year	96,087	99,269
Cash and cash equivalents	atthe end ofthe		year	71,995	65,834
Components ofcash and cash equivalents
Cash and bank balances				83,048	96,087
				83,048	96,087

								Unrestricted
								funds	Total funds	Total funds
								2023	2023	2022
								f	f	f
Income and			endowments				from:
Donations	and			legacies
Donations		and gifts						168,181	168,181	11,373
								168,181	168,181	11,373
Investments
								4,417	4,417	2,050
								4,417	4,417	2,050
Other
								1,782	1,782
								1,782	1,782
Total income			and endowments					174,380	174,380	13,432
Expenditure			on:
Charitable	activities
Charitable		Donations						10,000	10,000	3,100
Retreats								11,598	11,598	6,334
Stipends								2,810	2,810	1,900
								24,408	24,408	11,334
Total ofexpenditure activities					on		charitable	24,408	24,408	11,334
Other expenditure
										4,581
										4,581
Motor and		travel costs
Fares								284	284
								284	284
General administrative							costs,
including	depreciation					and
amortisation
Information				and publications				570	570	581
Software,		lT		support		and related		44	44
costs
Stationery,			Postage		and printing			225	225	759
Subscriptions								100	100
Sundry expenses										201
								939	939	1,585
Legal and	professional					costs
Accountancy				and bookkeeping				1,620	1,620	1,620
								1,620	1,620	1,620

The English Trusts ofThe Institute	The English Trusts ofThe Institute	Of Our Lady Of Mount Carmel
Detailed Statement of Financial Activities
Total ofexpenditure of other costs			2,843	2,843	7,786
Total expenditure			27,251	27,251	19,120
Net gains on investments			(15,082)	(15,082)	(27,721)
Net income/(expenditure)			132,047	132,047	(33,409)
Net income/(expenditure) other gains/(losses)	before		132,047	132,047	(33,409)
Other Gains
Net movement in funds			132,047	132,047	(33,409)
Reconciliation offunds:
Total funds brought forward			309,273	309,273	342,682
Total funds carried forward			441,320	441,320	309,273