## **THE DAUGHTERS OF DIVINE LOVE**
**COUNCIL OF TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024**
1
## **THE DAUGHTERS OF DIVINE LOVE**
## **CONTENTS**
__________________________________________________________________
||**Page**|
|---|---|
|Legal and Administration Information|3|
|Council of Trustees Report|4|
|Independent examiner’s report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9|
2
## **THE DAUGHTERS OF DIVINE LOVE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
__________________________________________________________________
|Council of Trustees
Reverend Sister Margaret Duru
Reverend Sister Emilia Arum
Reverend Sister Linda Uku
Reverend Sister Chilota Elochukwu
Reverend Sister Fidelma Chianumba
Reverend Sister Henrietta Nneka
Reverend Sister Jennifer Ekeigwe
Reverend Sister Ann Ugoh|Council of Trustees
Reverend Sister Margaret Duru
Reverend Sister Emilia Arum
Reverend Sister Linda Uku
Reverend Sister Chilota Elochukwu
Reverend Sister Fidelma Chianumba
Reverend Sister Henrietta Nneka
Reverend Sister Jennifer Ekeigwe
Reverend Sister Ann Ugoh|
|---|---|
|||
|Charity Number
1005536
Principal address
70 Kempshott Road
London
SW16 5LH
Independent examiner
Michael Danso FCCA MBA MSc
Anthony Michael & Associates Ltd
Accountants & Management Consultants
147 Wells Way
London
SE5 7SZ
Bankers
Barclays Bank Plc
Wood Green Group
PO Box 6370
London
N22 6QQ||
3
## **THE DAUGHTERS OF DIVINE LOVE**
## **COUNCIL OF TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
_____________________________________________________________________
The council of trustees present their report and accounts for the year ended 31 March 2024
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s Trust Deed dated 16[th] March 1991, the Charities Act 1993 and the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005.
## **Structure, governance and management**
The congregation of The Daughters of Divine Love was established in England in 1991. The charity is governed by the trust deed dated 16 March 1991 and is registered with the charity commission under number 1005536.
The council of Trustees who served during the year were: Reverend Sister Margaret Duru Reverend Sister Emilia Arum Reverend Sister Linda Uku Reverend Sister Chilota Elochukwu Reverend Sister Fidelma Chianumba Reverend Sister Henrietta Nneka Reverend Sister Jennifer Ekeigwe Reverend Sister Ann Ugoh
The trustees are in the process of assessing major risks to the charity and are putting systems in place to mitigate those risks.
## **Objectives and activities**
The objectives of the charity are to promote the charitable work for the time being carried on, promoted or supported by the voluntary associations of Roman Catholic women known as (the congregation) of the Daughters of Divine Love
## **Achievements and performance**
During the year the sisters continued to pursue their objectives operating from houses in London, Birmingham, Leeds, Newcastle and Inverness.
The congregation consisted of 50 sisters during the year with a large number of these continuing to work in posts as nurses and carers.
The leadership of the congregation was passed over in March 2005, bringing many changes and resulting in many more sisters contributing to the income and expenditure of the charity and enabling it to better fulfil its charitable objectives.
The School which was brought back to offer NVQs in the sisters’ area of specialism has separated from this charity and has formed a new charity with its own charity number.
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## **THE DAUGHTERS OF DIVINE LOVE**
## **COUNCIL OF TRUSTEES’ REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
_____________________________________________________________________
## **Financial review**
During the year to 31 March 2024, the charity generated income of 1,307,096 (2023 £681,035) from its principal activities.
## **Plans for the future**
The trustees have been allowed to purchase one of the properties they currently rent. This is currently under review.
On behalf of the Board of Council of Trustees
………………………………………… Reverend Sister Henrietta Nneka
Trustee
Date…31/01/2025…………………………
5
## **THE DAUGHTERS OF DIVINE LOVE**
## **INDEPENDENT EXAMINER’S REPORT**
## **TO THE COUNCIL OF TRUSTEES OFTHE DAUGHTERS OF DIVINE LOVE**
_______________________________________________________________
I report on the accounts of the charity for the year ended 31 March 2024, which is set out on pages 07 to 12
We have examined the Balance Sheet and the Income and Expenditure Account of The Daughters of Divine Love for the year to 31 March 2024. This account has been prepared by the Financial Reporting Standard for Smaller Entities and under the historical cost convention.
## **Respective Responsibility of the Trustees and Independent Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity‘s Council of Trustees considers that an audit is not required for the year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility (i) to examine the accounts under section 43 of the 1993 Act; (ii) to follow procedures in the General Directions given to the Charity Commissioners under section 43(7)(b) and (iii) to state whether particular matters have come to our attention.
## **Basis of independent examiner’s report**
My examination was carried out by the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, we do not express an audit opinion on the view given by the accounts.
## **Independent Examiner’s Statement**
In connection with our examination, no matter has come to our attention:
(1) Which gives us reasonable cause to believe that in any material respect the requirements:
- to keep accounting records and
- to prepare accounts that accord with the accounting records and to comply with the accounting requirements.
have not been met; or
(2) To which, in our opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
_________________________________ **31/01/2025**
Michael Danso FCCA MBA MSc Anthony Michael & Associates Ltd Accountants & Management Consultants 147 Wells Way, London SE5 7SZ
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## **THE DAUGHTERS OF DIVINE LOVE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**31 MARCH 2024**
**NOTES**
**Incoming Resources**
Donations and legacies
2
Activities for generating funds
0
Investment Income
3
Incoming resources from
Charitable Activities
4
Refurbishment Loan
5
Total Incoming Resources
**Resources Expended**
6
**Charitable activities**
Direct charitable expenses
Mortgage Interest payment
Premises cost
Building Refurbishment
Total charitable expenditure
Governance costs
Total Resources expended
Net income for the year
Fund Balances as at 1 April 2023
Balance as at 31 March 2024|**UNRESTRICTED**
**DESIGNATED**
**FUNDS**
**FUNDS**
0
0
0
0
0
0
1,307,096
0
71,702
0
1,378,798
0
898,113
0
45,800
0
64,600
0
199,423
1,207,936
0
1,500
0
1,209,436
0
169,362
0
1,418,996
85,000
**1,588,358**
**85,000**|**TOTAL**
**2024**
1,307,096
71,702
1,378,798
675,145
45,800
64,600
99,423
884,968
1,500
886,468
492,330
1,418,996
**1,911,326**|**TOTAL**
**2023**
0
0
298,237
382,798
681,035
240,230
43,834
20,560
355,077
659,701
1,200
660,901
20,134
1,418,996
1,438,130|
|---|---|---|---|
7
||||**31 MARCH**|
|---|---|---|---|
|**FOR THE YEAR ENDED**||**31 MARCH 2024**|**2023**|
||Notes|£|£|
|FIXED ASSETS||||
|Tangible assets|9|2,416,192|2,196,081|
|Investment|9A|830,066|830,066|
|CURRENT ASSETS||||
|Cash in hand and Bank||52,922|88,135|
|CREDITORS: Amount||||
|falling due within one
year|10|-45,800|-44,000|
|Net Current Assets/Liabilities||7,122|44,135|
|Total Assets less Current||||
|Liabilities||3,253,380|3,070,282|
|CREDITORS: Amount||||
|falling due after one||||
|year|11|-1,580,022|-1,489,254|
|**Net Assets**||**1,673,358**|**1,581,028**|
|Income Funds||||
|Unrestricted Funds:|12|85,000|85,000|
|Other charitable funds||1,588,358|1,496,028|
|Total||1,673,358|1,581,028|
Accounts were approved on behalf of the Board of Council of Trustees
………………………………………… Reverend Sister Henrietta Nneka
Trustee
Date…31/01/2025…………………………
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## **THE DAUGHTERS OF DIVINE LOVE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023**
___________________________________________________________
## **1 Accounting policies**
## **1.1 Basis of Preparation**
The accounts are prepared under the historical cost convention
The accounts have been prepared by applicable Accounting
Standards, the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005, and the Charities Act 1993.
## **1.2 Incoming Resources**
Represents amounts received from salaried income by members during the year.
## **1.3 Resources Expended**
Direct expenditure represents monies expended on communal living such as feeding & provisions of basic needs for members.
Governance costs include general admin and management costs in compliance with relevant statutory and non-statutory requirements. This includes Independent
**1.4 Tangible Fixed Assets and Depreciation minus** Depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Freehold land and buildings are not depreciated Fixtures, fittings & equipment 25% RB Motor vehicles 25% RB
## **2. Donation and legacies**
**2023 2022** £ £ Donations and gifts **0 0 3. Investment 2023 2022** £ £ **0 0**
## **4. Employees**
There were no employees during the year
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## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
|Tangible fixed assets
**Land &**
**Fixtures,**
**fittings**
**Buildings**
**& Equipment**
**£**
**£**
Cost
2,068,702
265,626
Additions + 71702
311,083
Balance at 01 April 2023
**2,068,702**
**576,709**
**311,083**
**Depreciation**
376,907
Balance at 01 April 2023
0
**199,802**
Charge for the year
0
37,691
31 March 2024
**0**
**237,493**
**Net Book Value**
31 March 2024
2,068,702
339,216
31 March 2023
**2,068,702**
**65,824**
**Short Term Liability**
**2024**
Creditors: amount falling
due in one year
Bank Loans
42,800
Accruals
1,500
Creditors: amount falling
**44,300**
**Long Term Liabilities**
**2024**
£
Bank loans
1,171,322
Refurbishment Loan
454,500
**Analysis of loans**
Not wholly repayable within five years
1,625,822
Included in current liabilities
-45,800
1,580,022
**Loan maturity analysis**
Debt due in one year or less
45,800
In more than one year but less than two
years
91,600
In more than two years but less than five
years
229,000
In more than five years
1,213,622
1,580,022|**Motor**
**Total**
**Vehicle**
**£**
**£**
35,600
2,369,928
311,083|
|---|---|
||**35,600**
**2,681,011**|
||24569
224,371
2,758
40,449|
||**27,327**
**264,820**|
||8,273
2,416,191|
||**11,031**
**2,145,557**|
||**2023**
£
41,600
1,200
**42,800**
**2023**
£
1,217,122
382,798
1,599,920
-45,800
1,554,120
45,800
91,600
229,000
1,187,720
1,554,120|
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