||||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|