Charity registrxtion number 1036524 THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES ANNUAL REPORTND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
THE CONGREGATION OF THE DAUGITfERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES LEGALAND ADLWllNISTRATIVE INFORMATION Trusts¢s Sr M Nzeribe Sr B On1gbo Sr M Echela Sr P I0h& SrAllonor Charity nUEDber 1036524 Ayditor Ri¢hard Place Dob80n Services Ljmtted Ground Floor L - 7 Station Road CT&wI6y West Su$s¢x RHIO ir athktr$ Barclays Ba])k P¢cklll Ry Leicester LE87 2BB Solicitors Poth¢cary Witham Weld 70 St George's Square London SWIV 3RD
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES CONTENTS Page Truskcs. rtport Slatrment of tnlees. responsibilities Independent auditotrs report gtatenent of finatt¢ial a¢tiTrities Balance sheet io Stat¢mcnt of cash flows Notes kn the financial Sratemellts 12-19
CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Thc Fm2Dcial statements tL8ve be¢n pr¢par¢d ill accordance with the Accounting poli¢i¢s set out in note I to the fillcial StateEntS and conply with the ch8Txty's Trust Dee& the ChltieS Act 201L and "A¢¢ountillg and Reportin¥ by Cknities.. State¢t of ReconJmended Practice applicable to ¢hJriti¢s preparing their accounts in accordancc witb the bina¢11 Reporting Standard applicable in the UK aThd Repub]i¢ ollrolsnd (FRS 1021" (effective l JJnuary 2019). Obje¢tiYe$ and activÈties Obje¢tive5 and aims Tbe main object of tbe cIwity is to prornote the charitable work carried on or supported by the Trusle¢s of the Congregatiott of tILe Daughters of Mary, Moth¢r of Mercy. Mcjnbets of thc ¢OTiununity cojtiinued to work in hospitsls and nursing homes providÉog m¢6ical and nursing $upport. kn ihe loral Pgrish comrounities the sisters und¢r&ke Pastoral worL including adoration of the bles$¢d sa¢[aent. visiting and admitiisteting (he EuLhÈrist to the lonely. sick. 6ged. ber¢av¢d and Oth emberS of the conwiuJity. TtL6y are alg0 ityvolv¢d iu other aspects of PaTish lifr. Pub]i¢ b¢nefit The charity'$ tnjstees have rcferrcd to the ChaTity CoJnTni.Esion's general Euidanc¢ ou Public Benefit when reviewin(r th¢ chaTity's alms Jnd obj¢¢tives and in planning its futw¢ a¢tiviti¢s. In parttcular, they have conssdcrcd how plawLrd aGtivit1¢5 will contribute to the aims and objectives tb¢y have set. Charlty bAtkgroutyd Daughters of Nlary, Motber of Mer¢y sisters in England work ]n hsPItal5 and nursing horlles to piovide llursing caTe alld support. They also bave sist¢Ts working in local parishcs. ¢o-ordat1llg their activities of pa5toDI work illcluding adordtiL)ns of the blcsscd sacrameni, visiting Ènd administering Eucharist to the lonely) sick. aged and bereaved. There ate 8 Gornmun5ties in England.. I, Edgware {DiDcese of Westsninst¢rl 2. Walthamstow (Dtocese of 3r¢TJtwoodl 3. Upper Walthamstow IDio¢¢s¢ of Brentwood) 4. Liverpool (Archdiocese of Livapool) S. Slough IDiocesE of Northamptonl. 6, ManDr14ou5e (Diocese of Brentwoodl 7, St Joe5eph'5 Covent (Diocese of Leed81 8, DMMM Covtnt O)IULese Df LEedsl page I
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EJVDED 31 DECEMBER 2022 Achleven)ets ajxd performRnce Thc number of communitses Jn EttglaJ)d r¢maincd at 8 in the year. The ¢ongTegation witiJwEd to uTttake their nornwl activities at ajl 8 locatlODS as besi tbey could d18 the cotttinued effects of CDvid-19. Waverley care home was putchased in April 2007 alld is a tw¢tsty b¢d care home. The hotne provides nursing attd Tesi(kntial ¢are. The home is spread over four floors and CODsiFts of-. Basement In tbe basement there 15 & diningroom with ats area which is used for watching TV by some ofthe clients. Th¢ kntChe laundry. Sr&ff EOOEn alld office are bed its the basement. There is also access to thtce toil¢ts'. one for kitchen staff one for general staff and oLe for Glieuts. Ground floor On the ground floor tlwe art thTVK bBdrooTDS, & sIuic4 a bèthroom with a toil¢t, a scparate toilcL tht loung¢ 2nd a 55llall nurse's station. Two of the b¢dr00rn5 Oll this floor are double rootn's with one eJ)-suite. Ffftrst noor On the first flo(>rthere seven bedrooms. one of thes¢ is a large doubl¢ room. There is a shower roo toilet attd sluice IDOTll. Second floor There ate stven bedroon)s, one batbroom with a toilel a sluice roo]n and a 5eparnt¢ totlEt. Th¢1¢ 15 a passenger lift which accesses all of the floors In the building. Stsff training A trained nurse is on duty ?4 houts a day with three Ca assistants ill the moTDin& two in the &ftemoon and on¢ at night. Staffing levels are monitored to ¢nsure that appropriatc numbers of staff are available for clients in our ¢are. W¢ have not used agency staff in tbe last 12 Jn(illths. Our manager 15 a trained nurse and h&$ commeneed a level 4 NVQ in letdersl)ip attd M8ll8gement. We hav¢ & Itgi5tered generavtllelltal nuTse who is respoJJsibl¢ for overseeing any mentsl health l$Su across clients at Waverl¢y. Thr¢¢ of our otber nurse5 are dual registered gen¢ral nurstlmidwifc. Our paft time nurse is a state enrolled nurÉ¢ who WOTks two nights a week. All of our trained stsff atteod v2rious training courses alld updgt¢S Tcgarding best practic¢ a¢ross v#rious areas within the homc. Wt cmploy a full time activities co-ordinator who 6 houT5 a day 5 days a week. Finantial revieiv The net incoming rests of the charity Wds £76,952 (2021- £19.8221. It is the policy of the charity that unrcstricttd ftllJds whitli have Aot been desiÉJJated for a speeifi¢ use should bt njaintained at a leveL equivalent to between approximately six and nine month's expenditvr¢. The tnTStte8 constder that res¢Tve5 tit this Icvcl art 5uifJcient to cover it's working capits] requirements. This Teserve policy ttfle¢ts the ll¢ed to balattce risk 282jnst the objectives of the charity. The tNStccs have assessed the Jnajor risks to which the charity is expos¢d and coDfJrm that systems are in p]a¢e to mitigate exposure to these risks. Plan$ for fure periodg Th¢ Trustees hope to continue assisting the Siste of the congregation in providing care to the local communiti¢$. page2
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES TRUSTEESI REPORT (CONTINUED) FOR THE YEAR EJVDED 31 DECEMBER 2022 Strutthrey governan¢e and khathggèment The CongK¢gation of the DauEhtets of Mary. Motber of Mffcy was established in England itt 19S7. The charity is govern¢d by a st deed dated 13 Dcccmber 1993 and is registered with the Charity CommissiorA under registration llumber 1036524. Th¢ power to appoint and remove trustees rests with the Sister Superioi. The tStee9 who served durin8 the yeAraDd up to tbe date of si8nature of the flljancial ststements were.. Sr M Nzeribc Sr B OnwTrLzufui8bo Sr M Echeta Sr P Iwuoha SrA ILonoT Day io day a¢tiviti¢s are managedby th¢ sist¢rs at of the locations, witb key decisioJJs mad¢ by th¢ Tste¢s. The frus*es' reFQrt was approv¢d by the Board of Tnjstees. Sr B Onwuzutuigbo Trustee DJte....i.l.JSJj page 3
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRtTISH ISLES STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees aTE IC5pon8ible for PT¢parsng the Ttustees, Report and the fancial statrments in ¢9[danCe with appli¢able law alld United KingdotrLAccounting Standard$ (United Kingdoln Generolly Accepted Accountlll8 Pr2Cti¢61. The 12w applicabl¢ to charities in England #nd Wales reqlle$ the trustees to prepare financial Strdtements for ¢ach fllmncial year which give a true #nd falr view c>f the stste of affaits of thc charity and of the incomIng resources and appliMtion of resources of the charity for th&t year. IJ] Preparing these fiJJan¢ial $tstements. the tn]ste¢s #re required to.. 5clect suitable accountinpOLiC1eS and th¢D applythem cotigistJLtIy' - obs¢Tve th¢ methods and princ?ple8 in the Chariti¢s SORP.. - makejudgements and estimates tbat are Ionable and pdellt. - srate wh¢th¢r applicable accounting $tsndards have been follow¢( subject to atty Material depth$ di5rlosed and explait)¢d IL the financial statements,. and - prepare the financial statements on the going cottcern basis unless it 1$ inappropriate to preswne that the c]xarity 74qll Gontinue in operation. The trustEes aTE Tesponsible for keeping sufficicnt aC¢DtlittE re¢ords that dis¢lo$¢ with reasonable a¢¢uwy at ally time tbc fironcial positiorl of the charity and ¢nablc them to ensure that the financial st2tement5 coillply with th¢ Ch8ritiesAcl 2011, tbe Charity [AQUal and Reports) Re8Jlations 2008 alld the provisions of the tnLs1 deed. They are a]so r¢sponsible for safcguarditig thE assets of the charity 2nd bence for taking teasuDable steps for the NeventiO and detection of fraud and other itte8ulaTitE¢S. page 4
THE CONGREGATION OF THE DAUGHTERS OF MèlRY MOTHER OF MERCY IN THE BRITISH ISLES INDEPENDENT AUDITOR'S KEPORT TO THE TRUSTEES OF THE CONGREGATION OF THE DAUGHTERS OF MAIiY MOTHER OF MERCY IN THE BRtTISH ISLES Opinion We have audited the financial stst¢mellts of The Congregation of the Daughters of Mary Mother of Mercy in th¢ British Isle8 (the 'chanty'} for the year ended 31 Decenlber 2022 which Comprise the statement of financial activities, the balance Shee¢ th¢ stat¢m¢nt of cash fIows aud norcs to the financial ststem¢nts. including 8ignifi¢ant accounting policies. The financial r4)OTting frnnework that has been applied in their preparation is applicablc law and United Kingdo Accounting Standards, in¢luding Financial Reporting Standard 102 The Financitsl Réporting SraNdard qpplicable in the UK ¢7nd Republic of Jrelf4nd (Unitd Kingdom G¢nerallyAcceptedA¢¢ot]Trg Practi¢¢l. In our OPiDiOfy thc fianCIal stst¢ments'. give a true and fair vi¢w of tbe slate of the tharity's affairs a$ at 31 December 2022 and of its in¢oming Tesources and application of re$ources. for tbe ycar then eJ)ded,. have been properly prepared in accord2rJ¢¢ United Kingdom G¢nerallyAccept¢dAccounting Practic¢,' and have been prepared in #¢¢ordancc wryth the requirements of the CbltieSACt 2011. B4si5 for opinio We tonducted our abdit in accordance with Irlternational Standards on Auditing {UKI IISAS (UKI) and app11¢2ble law. Our TE5pTrnsibilittes under tbose standard5 are further described in the A¥dTtors p01b1£iti for th¢ adit of the fERanCtrtl stalements sectiott of our repon. Wc are independent ofthe charity in a¢cordance the ethical requirements that are relevant to oui audit of the financial statements in the UL including the FRC'S Ethical StandaTd, and tbe provisioni available for sinail ejttities, in the circumstantts $¢t out in nolt 22 to tIAt financial statements. and we have fillfilled our other ethical r¢sponsibilitie8 in acc4)rdaa¢¢ with thcsc rcquir¢Th¢nts. We believe that the audit evsdence we have obtsilled is sufficient and appropTiate to ptovide a b3si8 for our opioioll. Condu51DnS relatlng to Eolng ¢OD¢er In auditing the fiuancial st&rements, we have concluded that th¢ trustecs. usc of tbe going concern basis of accounting in the preparatioD of the financial atem¢nls is appropria. Based on the work we have perforni¢d, wc have Tt identified any matwial un¢¢rtaintie8 telatinK to tvents or conditions thaL individually or collvctively. Tnay cast sigoific3nt doubt OD the c]wxty's ability to contillue as a going concern for 2 p¢Tiod of at leasttwelve months fro when the financial Ststsments are authorised for issue. Our responsibilities and the responsibilities of the trustees 7th respect lo going ¢on¢ern are d¢sGribed in the relevant s¢¢tsons of tbis reporL Other information The other itifomlltsoll compris¢$ the ?Dfornation included in the report other than the financial statementg and OL auditor's report thereon. The tnthes ar¢ r¢sponsibl¢ for tbe Oth iDforniation contain¢d within the ieport. Our opinion on the fllwlcial State¢t9 does not ¢over the other inftsTtnation and we do Dot express any of 3S5urance con¢lusioll tbereott. Our re5pon5ibility is to read th¢ other informatiots in doing so. coll5ider whether the other infoTmaliDll IS mateTially iDroDsisttnt wilh rhe fI]L¢saI sratements 01 knDwledge obtained in th¢ wurse of the tudit, or otherwise app¢ats to be materially 15stated. If we identify sucb rn&terial iLconsLgt¢nGi¢s or apparent tllat#ial misstattjncnts. we are required to detern)tJJe whether this gives rise to a D]at¢rial rllisstatement ID tht fllwicial statements themselves. If, based on tbe work have performed. we conclud¢ that thEre is a material misstatement of this otber information, we are r¢qusred to report that fact. W¢ have nothing io report thxs r¢gard. Matters on which we are required to report by exception W¢ have nothin8 to r¢port iu t¢spect of the foElowitsg matters in r¢lation to which the Cbarities {Account$ 2nd Reports) ReglstiOnS 2008 requjre us to report to you if, in our opinitsn.. the Inforrnation given in the finan¢ial statsments is inconsigtent in any naterial respect wth the ttu$tees' r¢port,' or sufficiettt a¢Gounting recoEds have not been kept: or the financial statements are npt in agr¢eTnent the accounting r¢¢ords,' or we hav¢ notTe¢tived all tbe inforn)ation and explanatio]ts we rquire fLirour audit. paEtr 5
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BIUTISH ISLES INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES Respon5ibi]ities Of trustee5 As ¢xplained more fully in the statement of tr)stees' sponSIbl11tie9, the trustees ar¢ r¢spon8ible for the preparation of the financial statcments aDd for being satisfied that they give a true and fair i'iew. and for such inteTnal control as the ttUStees detern)ine is ncctssary to enable tbe prcparation of financia] stat¢meDts that are free frorn material lSStateMent. whether du¢ to fraud or eor. In preparing th¢ financial $tatc]neDts. the tnlee$ are respottsLble for a5se5sing the ¢harity's ability to ¢ontinue as a goiug conccro disclosing, as appli¢able. atterS related to going conc¢rD alld using tbe going conc¢rn bas75 of accounting unless the tnjstees either intend to cease operations. orbav¢ no realistic altLative but ro do $0. Auditor'$ respollsibilitit5 forthe audit of tb¢ fanCIal statements Wc hJve been appointed as auditor under 8ectiott 144 of the Chariti¢s Act 201 L and report in accr)rdallcB the ACT attd r¢l¢vant regulations made or having effcct thtreunder. Our objcctivts aTe to obtaitt reasonabl¢ ts$surance aboul wheth¢r the financial 51ateIn¢Dts as a whol¢ are free fro n]aterÉal rnisslatemettt. whcthtT due to fraud or •ror, and to issuc auditor's Teport that in¢lude5 our opinion. Reasonable assuTanGc is a "gh level of assurance but is not a suar8nt¢e that an audit conducted itt e0rdance wIth ISA.% (UK) will always detcct a mateTiaI misststcmcnt whtn it exists. Misstatements Can arise from fraud or error and are consided Materi if, indivTrdually or in the &ggate, they could rca50nably be expetted to influence the ¢conoTnic decisions of Use taken Lln tht basis of these fiTLancia] statemeDIg. Irr¢trItteS, iAtluding fraud. ate instances of non40n)plian¢e with laws and ]Egulations. The obj¢ctives of our audit are to obtain sufficient appropriate audit ¢vid¢DC¢ regarth.ng complianc¢ with laws and regulations that have a dircct effect on th¢ deteTmillation of matertal amtsunts and disclosures in tIAe financial sratements. to perfortn audtt procedLJtes to help identify instances ofnon-compli3nce other laws and regulations that havc a matetial eifect on the fiJJan¢i41 statemcnis, èilld to respond appTopriately to identified gUSP¢Cted non-¢ompliallce with laws and regulations ideDtified during thc audit. IL relation to fraud. the objectives of our audit ate tts identify and assess the risk of materia] mis5tateTneDt of th¢ fincIal stateTreThts duc to fraud to obtain sufficieJJt appropriatc audit evidence regaTding the as8essed risks of material misst&tcments du¢ to fraud through dtsigning and implemexting #ppropriatc responses and to respond appropriately to fraud or suspected fraud Jdentified during thc audit. HowcveF It is the PTiDWry responsibility tsf mallagen)ent. with the oversight of those chaFged govern8n¢e. to ensure tbal the entity's OP¢Tatiolls art collducted ity a¢¢otdance with the provisions of laws and reguIations aDd for the PTevEntiork aod detEctioD of fraud. Ell identifying and a5sessillg the risks of nwt¢Tial rnisstatenxent iti respe¢t of irregUllti¢S, illcluding fraud, the audit elwellt team mad¢ ¢nquirics of management, 2nd those charged goYern8nc4 regxrding the procEdures relating to identifying. evaluating and complyins with., laws and regulations and whetherthey were aware of any instance5 of non-compliance.. 2. d¢tectin(F and rcspondiAg to the risk5 of fraud and whetber they h&ve knowledge of any acthal, suspe¢t¢d or allegtd the snt¢rTral wntrols establishpAI to tllitigate risks relatrd to fraud or non-COTllpliance with laws and rcgulations.. A5 a SUIt of these pmceduT¢$ we COlder th¢ 05t 5]lfiCant laws and regulations that have a direct i]npaGt on the financia] statemcDts ate FRS 102, G¢neral Data Protection Regulations, Charities Act 2011, Charittes Ststem¢nt of Recon)]nellthd Practice aud ¢mpIoneI law attd regulations. We perfoled audit procedureg to detect non-compliawq which may have a aterial impaot on the fjnancial state]nents. These included reYi¢winE fiCIal Statemcnl th"9¢10suTES and evaluating advice received from external advisots. There were no SiBtiificant laws ?d regulatiotts we deemed as having all indirect impa¢t on tkc financial ststernents. Revenu¢ recognition- this wa5 tested substantively forrclltsl Illcon 8J)d the sisters salary in¢om& MaJJag¢ment oveIde of ¢outrols- we reviewed Jnaaagerncnt accounts and large journab to discover any evidence of aDagEment overÉtde page 6
THE CONGREGATION OF THE DAUGirrERS OF MARY MOTHER OF MERCY IN THE BRrfIsH ISLES II¥DEPEfffjENT AUDfroR'S R£PORT (COPUINUED) TO THE TRUSTEFS OF THE CONGRECATION OF TIIE DAUGHTERS OF MARY MOTHER OF RCy IN THE BRrrisH ISLES A fih¢T d¢sGription ()four res$[bIlItieS i% available on the Financi21 Reporting Council's website at httys.'Ilwvw.fr¢.owukl auditorsr¢sponsibiliti¢s. This des¢ripiion for part of our auditols rert. Oth¢r matte Yow attention i8 dnwn lo the fact that the chlty h&% prepared fin8mcial statcments irk accordoncc with "Accounting ReportitLg by Chdrilics.. Ststcment tsf Rewmmendcd Practice applicable to chrtieS preparing their accounts in accorthce wÈth th2 Finattcia] Rwrting Standard applicable in the UK ajjd Rcpub]ic oflreland (FPS 1021" lys amend) in preference to the Accounting and Reporting bv ChatYii¢s: Statement ofRecomtnended Practicc issued on l April 2005 which is referred to in the cxtg2Jt Kgulations but has now been withth&wrL This has beetk done Kn order ftrr the ffftarttiaI statements th provide a true and fatr view accordance with current Gener211y Accepted Attounitng PractLCe. Use ofour This report is made $olely w the ciwity's Lire¢4 a body. accorthcc with part 4 ofthe chLtieS {A£counts amd R¢port51 Rcgulations ?IM)8. Our zudit work hay been undertakcn w that we might stste to the tljaritys trustees those matters we 0r¢ requiredto state to th¢rn in on audittsF'S r¢port and for no other purpose. To the fullest exttnt pernitttd by law. we &) not accept or assume rcgponsibilily 8nyonc other than the charity atLd th¢ charity's trust¢es a% a iK)dy, for our audit work. for reporL or tor the opiruons we have form Ihrren H*rdiug (Senior Stattrtory Auditor) for and m b¢h#lf of Rithard Place Dobson IAmited 12May 21)25 Chgrttred A¢¢ountAnts StOryAditOT (ound Floor 1- 7 Station Road Crawley West SusKx RHIO IHT Richard Place Dobson Setwi£ Limited is ¢li&ble for appointm¢nt as auditor of thr ¢lwity by virtu¢ of its cligibility for apFoinlment as auditor ora company under se¢uon 1212 ofthe CompaniGs Act 21)06.
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BIUTISH ISLES STATEMENT OF FINANCL4L ACTIVITIES LNCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Current year Uknre$trieted Unrtstricted fud$ futsd$ geDtral dtsignated 2022 Totsi Total 2022 2022 2021 Nott$ Incorne frojn: Donations and legacie5 Charitable artifjtfes Sisters Salarie8 Care Horne 16.349 16,349 27.064 653,419 521.598 653,419 521,598 522,549 408.617 Total IELcome 1,191,366 1,191,366 958230 enditure on.. haritable aGtivities Relgrttu5 activiti¢s Ce Home 565.919 544,995 565.919 548.495 552,176 383258 3,500 Total charitable exp¢nditure 1,110,914 3.500 1,114,414 935.434 Other 2.974 Total expenditsr¢ .110,914 3,500 1,114.414 938,408 Net illtOnLe for the yearl Net movement fuAd$ 80.452 (3.500) 76.952 19,822 Fund ba]2ntes #t l January 2022 595.569 297,500 893,069 873.247 FuDd balanees at 31 De¢mber 2022 676,021 294,000 970.021 893,CK49 The state]nent of financial actLVlties inEludes all gains and losgts reGognis6d Tn tht year. All income apd ¢xpendittTre derive from Continuing activities. pag¢ 8
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES STATEMENT OF FINANCIALACTIVITIES (CODITITr4UED) INCLUDING COm AND EXPENDITURE ACCOUNT FOR THE YEAR EJVDED 31 DECEMBER 2022 Prior financial yttr Unre$tri¢ted Unrestricted funds funds geDeral d¢sigD2ted Thtsi 2021 2021 2021 NDte5 Jncome from-. Donations and legacies Charitsble activities gistets Saloties Care Home 27,064 27.064 522,$49 408,617 522.549 408,617 Total income 958,230 958.230 endithre on= Charila le a¢tiviti¢5 Rclgious aclivities Care Horne 552.L76 379,758 SS2,l76 38),258 3.500 Total ¢h#rit2ble expendlture 931,934 3500 935.434 Other 2.974 2.974 Totsi expenditsre 934,908 3,500 938.408 Net 1comt for the yearl Net movejnent fuDds 23.322 t3.5(K>) 19.822 Fund balances at l January 2021 572.247 301,OIK 873.247 Fund b#laCeS at31 December 2021 595,569 297,500 893,069 page 9
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF RCY IN THE BRITISH ISLES BALANCE SHEET ASAT31 DECEMBER 2022 202Z 2021 Notes Fixed assets Tangible asserg li 893,266 913.014 CurreDt assets Debtors Cash at bank and in Iwd 12 1.138 165.853 4.375 41,301 166,991 45,676 Creditor5: Amounts falling due withÉn one year 14 {W2361 152,8111 Net Cuent asseO18b111tjCSI 76.755 (7,J351 TotAI #sset$ less currentli*bllSties 970,021 905.879 CrEditor5: amounts falllng du¢ xfter more than one year 15 (12,810} Net Asset$ 970,021 893.069 IncoJEJe funds Utyrestricted funds Designated fund General unr¢$tri¢t¢d furLds 16 294,000 676,021 297.500 595.569 970.021 893,069 970.021 893,069 The financial statemeuts w¢re approved by th¢ TtU5teE5 an.. Sr B Onwuzuruigbo Trustee page 10
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 zozz 2021 Notes Cash floTrv5 from operatillg thctisities Cush gen¢ratea from opeTatiOUS 20 162,058 37.718 Net cash used in iDve5ting 2ctiviti Pl4clg aetivitles Repa5rynent of bank loans (37.5061 137,61?) Net cash used in fRDaDcing attlvltiès (37,5061 {37.613) Iyet intre¥¢ ¢#$h #Dd cash equlvalerLts L24,552 105 Cagh a]xd cash equiva]ents at b¢ginrriag of year 41,301 41,196 Cash and cash equIvettts &t end of ye 165,853 41.301 page 11
THE CONGREGATION OF THE DAUGHTERS OF IVL4RY MOTHER OF MERCY IN THE BIUTISH ISLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountttig po]icies Charaty information Tbe Congrewatioa of the Daughters of Marymother Df MttrGy ill the British Isles i$ a charity. 1.1 Attollnting tonventio The financial $tatrmtnts have been prepared in accordance with the Charitys trust deed. the Charities Act 2011 artd Accounting aDd Reporting by Charitie5'. St&tement of R¢GoD]mended PtICe appliGable to charities preparlng the accoimts in accordance with the Trinancial Reponing Statsdard applicable in the UK and Republic of Ireland (FRS 1021 leffeLtive l January 2019}". The clwity is a Public BeDefit Entity dcfitted by FRS 102. The financial ststernents have depatted frnTn the Charities (Actounts and Rcports) Regulation$ 2008 only to th¢ ¢Ktent qued to prode a true and fair Triew. Thi5 departure has involved following the %tatement ot ReoommeDd¢d Practice for charities applying FRS 102 rath¢r than the version of the St&tem¢llt of Rec0ttllj1d¢d Practice which is referred to in the Regulations but which ]Jag $inec been withdrawn. 12 Going conter At the time of approving th¢ fJnanciaI stAtemellts, the trustees have a reasonabl¢ expectation that the chority has adequate resources to ¢ODtinue in opcration81 exitence for the toreseeable futw¢. Thus the ¢nLStees tOAtinu¢ to adopt the going cunLEtn basis of accounting itt prepÈring the fJnan¢ial statements. 1.3 Charitable funds Unrestricted fiEnds are available for us¢ at the discretion of tbe trdstees in furtheraDce of their ¢haTitable objectives. De8ignated fiJ]th COTnPri8e fund8 which have been Set aside at the discretion of thc tru8tces for sp¢Gific pOse8. The puTpose% and usGs of the desigDated funds ai¢ s¢t out ill the nole5 to the financial ststements. 1.4 Income Donations and SiTnilar incoming resources are in¢luded in the year its which they are receivabLe which i8 whcn the chariry 18 entitl¢d to the resource. Sisters Income- This is included in the accounts as when it is paid into the chity'S bank by ¢ither the illdividua] Sisters or their employers. CaTe Horne Residents Fees- This in¢om¢ is included in the accotsttts in tbe year in whi¢h it is receivable whith is when the Chlty is entitled to the yes0¢¢. 1.5 Bipendithre Liabilities ar¢ recogllised as expeoditUTe 8S Soon JS tbete is a legal oi constructive obLigalion coTltting the charity to that expenditure. it is probable that a transf¢T of wonomi¢ bentfits will be required In settl¢rn¢nt and the amouttt of the ob]J"gation tan b¢ Tn¢asured reliably. Expenditure 19 arKounted for on an accTuals basis and has been cia5sifiea under headings that &ggregat¢ all cost relat to the category_ Where costs cannot b¢ directly attribuied to particular headin85 they have beeD allocated to activittcs on 7dba5is Eon5iStent with the use of r¢souTces. The charitsble activities are split ktween W3verlcy Care Home in L2veTpooI and the oth¢T congregations whi¢b 4r¢ spread across the UK. L2kewi$e. th¢ gilPPOrt Costs have been split between the care home and the congregation. All suppon costs have b¢¢u idtntified as finance and governauce costs. GoYenw¢B costs comprise all to$t9 involving the public accountability tsf the charity and its comphance Mth iegulations and good prd¢tice. These c0s15 in¢lud¢ G05ts lated to audit attd oth¢1 pmf¢55ionaJ fees witb allocation split to Rcligious activitie5 and Care Ho]ne based on where these costs primaTily Telate to. pag¢ 12
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY tN THE BRITISH ISLES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) OR THE YEAR ENDED 31 DECEMBER 2022 A¢cotsllting poIicies (Continued) 1.6 TAogibIe fixed assets Tan8ibl¢ fixed assets are initially nyeasured at cost and subsEqllEntly measured at ¢0st or valuation, tset of depreciatioll and any iJnpairment1088es. Depre¢i3ÉioD is reColSed so as to write off the cost of ¥s¢ts l¢ss their residuaL values over thcir use1 live$ on the followng bases.. FreehoId property P]2TLt and Dwhinery Fixtses. fittings & equipmeJ)t Mottsi Vehicle5 Sknight line over 50 years 20U/o Redu¢ing balance 20D/o Reducing balance 20/ Reducing balanc¢ Fr¢¢hold land is not deprtciate(L Assets costing over £1,000 are capitslised. 1.7 FRllaDcial iDstrllmtnts The charity only has financial liabi]ities of a kind that qualify as basic fix20¢ial instrumcnts. Basic fillanci3I iDslTrmeDts aTe initially recognised at transadion valuc and subsequenlly MSUred at their settlement valu¢ with the exception of bank loans which are $ubsequently measured at the ¢aryg value plus accrued inter¢$t l¢$s repayments. 1.8 Taxatio As a chuity, th¢ organisation is nol subject to Corporation Tgx or ally other tax¢s on Incon or Eains arising froTn its charitable activities. 1.9 Employee benefits The cost5 of short-temi employee benefits are recognised as a Iiability and att expense. The cost of kny WLU5cd holiday entitltment is re£ognised w the period in which th¢ employee's services 2re received. 1.10 Retirement beefits PasTrents to defined contribution Trtiiernent benefit schemes are chzrged a5 >n ext*nse 28 they fall du¢. 1.11 Debtors Other debtors represent pr¢payments that are valued at the ajnourttprepiid net of ally trad¢ disGoutLts (tue. 1.12 Credltors Oth¢F Cr¢ditors and provisions are re(x>gnised wh¢re the chlty has a present obligation resultin8 8 past event that will probably result in tbe transfer of firnds to a third paty and tbe aoUnt due to settle the obligation ¢8n bB naSUred Di esiirnatcd relIably. Criti¢al y4ccounting estim%tes and Jud£ÈmÈtsts In the applicattoo of the ¢haTity's accounting policies. the tru$te$ are r¢quircd to make judgements. estinxat¢s aud assunjptions about the ¢4tryiDg anoullt of assets 2N1 liabilities that ale not Teadily appaTent from other sources. Th¢ estimates and as50ciatcd assumptions are based OD historical experie#¢¢ other factors that ate ¢ODsidered to be relevaDt. Actual results may diff¢r from th¢5¢ estimate5. The estimates attd underlying a55umptions art ievitwed on an ongoin8 ba8ts. Revisions to accounting eBtimate9 ar¢ re¢ogtyised in the period in whi¢h the estimate is Tevised where the t¢$50n afftcts only that period, or in the period of the rEvision and fuwre periods wh¢¥¢ th¢ Tevision affects br>th current oThd future periods. P8g6 13
THE CONGREGATION OF THE DAUGHTERS OF ARy MOTHER OF MERCY IN THE BRITISH ISLES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 CriticaI accounting estimates judgements (Continued) Tbe main ]dementS and accouotitig estIat¢S included in tbe 8CCOUDts aff: - PrepaEntS and Accnjals - M3llagerrLent has Jnade estin)at¢s and established prepaettts and accruals in respwt of p)t¢lltial assets and liabilities as gt thr balance th¢¢t date. - D4)reci10 - MaTJag¢ment has made asguTDptions and estiThalBd depreciation rates in Spect of showittg a true and fair view of the assets at the bance sheet dat¢. Donations and leg8¢ies UDrestri¢tsd Ullrestrlcted funds fuod5 gtDeraI g¢Der&l 2022 2021 Donatiotts and gifts GovcrDmcnt graDt 68 26.996 16,349 E6.349 27,064 Charltable actlv5tles Slster> SaJAriks Care Horne Total 2022 Ststers SAIArleg Care HDJne Tot*i 2021 2D22 2022 2021 2021 Care hoTr¢ fE¢5 Sisters incom¢ 521,598 521.598 653.419 408,617 408.617 522.549 653,419 522,549 653.419 521.598 1,175,017 522.549 408.617 931,166 page 14
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES NOTES TO THE FINANCL4L STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charitsble activitles R¢lgiou5 Care HoDxÈ attivitie5 2(k22 Thtal 2022 Re]gious Care Home acdvAtles 2021 Total 2021 2022 2021 Staff ¢08ts DeptttiatioTr and impaiTn)ent R¢ligious activiti¢5 Ctre Hon 350,853 350,853 246.764 246,7&1 16.084 542,835 3,664 19,748 542,835 189.13 17,444 534,732 3.705 21,149 534.732 132,789 189,138 132,789 558,919 543.655 1,102,574 552.176 383.258 935,434 Share of gove1anCe costs (see note 6) 7.000 4.840 11,840 565.919 548.495 1.114,414 552,176 383,258 935.434 Analysi5 by Unre8trickd funds. 8eneral Unrestricted desigLated 565,919 544.995 1,110,914 552,176 379.758 931,934 3.500 3,500 3,500 3,51X) 565.919 548,495 1.114,414 552,L76 383.258 935,434 Support t05ts Supptsrt to$ts Govern*tttt ¢05ts 2022 Audit fees Legal and profcssional 7,0 4,840 7.000 4,840 l E.840 11,840 An&Iys¢d between Charitable a¢tiviti¢S IL.840 11,84D GoYernauG¢ costs includes paymettts to th¢ auditors of £7,000 for 3udit fet5 (2021- £5.631 for indepcndent eXa]tIO fees). Tnxstees None of the trt]st¢es (or any persons connected with them) rcccived ally mUneratIon Orbeefjts fyoDI the charity duritig the year. P8ge 15
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTItER OF MERCY IN THE BRITISH ISLES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2022 Employees The average thlY nujnber ofemploye¢s during tbe y¢Jrwa5'. 2022 F4uthb¢r 2021 Number Waverley Care Home 16 16 En)plOent costs 2022 2021 Wages and sa]ari Social security co$t$ Other pension costs 275,092 62.870 12.891 203,388 34,859 8,517 350,853 246.764 Ag members of the order. the tTUStee5' living expenses are bornc by the Order. The trustees do not ¢onsidcr any of tbe staff tts b¢ key mattag¢m¢ut per501mel. There wer¢ no eD]ployees whty5¢ anllual EemurLeratEDn was rnore than £60.000. Otber Totsi Unre8tri¢t¢d funds g¢n¢rdl 2021 2022 FEnAncittg ¢osts 2,974 10 Taxation The charity is exempt frorn on iftoomc gains falling within $etttion 505 of the T2x¢5 Act l988 or s¢ction 252 of thc Taxationof ChaTgeable Gain5 Act 1992 to the extent that rhese are applied to its chaTitable objects. p&gp16
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BIUTISH ISLES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAJI ENDED 31 DECEMBER 2022 11 Tangible fix¢d asset5 Srnehold prvy¢rty PlaDt &ThdfJXr¢ fitling5 MotDrV¢hicleg mpchinery & ÈquipmeLt TtEl Cost At l Jattuary 2022 J.137,40D 5.112 74,088 99,669 1.316,969 At 31 D¢cember 2022 1,137,400 5,112 74.088 99.669 1.3E6.269 Depreciatiom and irnpatrmtllt At l January 2022 D¢pr¢¢iation ch84ed ts the year 252.327 14,143 5,112 71.166 601 74.650 5.004 403,255 19.748 At 31 December 2022 266.470 5,112 71,767 79.654 423.003 Carryithg n0t At 31 De¢¢mb¢T 2022 870,930 2,32] 20.015 893,266 At 31 December 2021 885,073 2,922 25.019 913.014 12 Debtors 2022 2021 Amounts due withlD one ye#r= Other debtors 4,375 13 Lo*n5 and overdrsft5 2022 2021 Bank loatts 13,569 51,075 Payable within one year Payable alter one year 13,569 38265 12,810 14 Crtditors: amounts falliDg due withiti oue year 2022 2021 otes B8nk loans Other creditors 13 13.569 76,667 38265 14,546 90,236 52,811 page 17
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES NOTES TO THE FINANCL4L STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 IS Credktors= falllng due after more than ODe year 2022 2021 Nots$ Bank loans 13 12,810 A loan was taken out ID March 2007 with Allied Irish Bank to help fiDance tke purGhasE of Waverley Nursing Hotne, Live401. The l()an is rcpayable quarterly over 15 y¢ars and the rate of interest chaTg¢d is I.250/ above the Bank's Base Rate. The loan is secured by th¢ first legal chÈTge on the ftteholdpropety in Liv¢4)001. 16 DeslgDated fllnds The fi)Dds of the charity include tbe following desigllated fijtsds whiclL have been set aside out of ullrestricted fLJnds by the trStee8 for spe¢ifiG PUTposes'. BancE at l J&nuAry2021 Res0re¢S Balajbct at Èxp¢ndEd l Jalluary 2ts22 RUrCeS eXpeded 31 De¢eJtsbEr 2022 Property fid 30L,000 {3,500) 297,500 13.5001 294.000 301,000 (3.5001 297.500 (3,5001 294,000 The Property fund represents the fi]nds ncccssarily ¢t aside for ihe ¢lwitys occupation of tbe nursing home in Liverpool. but also takeg intD account any ImpairmeDt1055 incurred. 17 Anaty$i5 of net assets befveen funds UDrestrict¢d Designated funds 2022 TotsE Unre$trictÈd Desigllat¢d fund5 funds 2021 2021 Total 2022 2022 2021 Fund balances at 31 Dtcember 2022 2re re%ent¢d by.. Tantsible assets Current asset(lIabilit1eSI Long tenn liabilities 599,266 76.755 294,000 893266 76,755 615,514 17,1351 112.8101 297,500 913,014 (7,L35) 112,8101 676,021 294.000 970.021 595,569 297.500 893,069 18 Events afterthe teportillg date After the year end the Trnt¢f5 W¢Te Tnade aware of a CQC illspcction that had asked for urgent improvetxents to be ]ade to Waverley C2*e Ho]n¢. Subsequently tbe Care Home was forG¢d to close on 27109124. The chaTity is expected io Gontinue operating at a reduced Icvcl. pag¢ 18
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 19 Related party trY4ns8etioD5 There were tto dis¢losable related paty trwa¢tiolls during the year12021- none). 20 Cash generated from operations 2022 2021 Surplus forthe year 76.9S? 19,822 Adjusrjnents for.. D¢prcciati02J and Empairnent of tangible fixed assets 19,748 21,149 MOveents RD WOlg capital.. DpLrea$¢llincrcascl m debtOF5 Increa$&(decrease} irl creditors 3.237 62,121 12,316) (9371 C#sh generated from operation$ 162.058 37,718 21 AnY$ of changes In net ftElld5J{debt} Atl JaDU*ry 2022 Cx5b At31 Dettrnber 1022 Cash at bank and in hand 41,301 124,55? L65.853 Loans filling duc within one year Loans falling due aft¢r more than ODC y 138,?65) (12,810} ?4,696 12.810 113,5691 19.7741 162,058 152284 22 Non-audlt Services provAded by auditor In ¢OTllmon with many busin¢sses of our size and Latur¢ we u5¢ Our auditor to assist the preparatir)n of the firtlntial 5t&tements. page 19