Charity registration number 1036524 (England and Wales)
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Sr M Nzeribe Sr B Onwuzuruigbo Sr M Echeta Sr P Iwuoha Sr A Ilonor Charity number 1036524 Registered office 33 Bisterne Avenue Walthamstow London E17 3QR Auditor Richard Place Dobson Services Limited Ground Floor 1 - 7 Station Road Crawley West Sussex RH10 1HT Bankers Barclays Bank Leicester LE87 2BB Solicitors Pothecary Witham Weld 70 St George's Square London SW1V 3RD
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Statement of trustees' responsibilities | 4 |
| Independent auditor's report | 5 - 7 |
| Statement of financial activities | 8 - 9 |
| Balance sheet | 10 |
| Statement of cash flows | 11 |
| Notes to the financial statements | 12 - 19 |
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
Objectives and aims
The main object of the charity is to promote the charitable work carried on or supported by the Trustees of the Congregation of the Daughters of Mary, Mother of Mercy.
Members of the community continued to work in hospitals and nursing homes providing medical and nursing support. In the local Parish communities the sisters undertake Pastoral work, including adoration of the blessed sacrament, visiting and administering the Eucharist to the lonely, sick, aged, bereaved and other members of the community. They are also involved in other aspects of Parish life.
Public benefit
The charity's trustees have referred to the Charity Commission's general guidance on Public Benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, they have considered how planned activities will contribute to the aims and objectives they have set.
Charity background
Daughters of Mary, Mother of Mercy sisters in England work in hospitals and nursing homes to provide nursing care and support. They also have sisters working in local parishes, co-ordinating their activities of pastoral work including adorations of the blessed sacrament, visiting and administering Eucharist to the lonely, sick, aged and bereaved.
There are 8 communities in England:
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1, Edgware (Diocese of Westminster)
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2, Walthamstow (Diocese of Brentwood)
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3, Upper Walthamstow (Diocese of Brentwood)
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4, Liverpool (Archdiocese of Liverpool)
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5, Slough (Diocese of Northampton).
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6, Manor House (Diocese of Brentwood)
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7, St Joeseph's Covent (Diocese of Leeds)
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8, DMMM Covent (Diocese of Leeds)
page 1
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance
The number of communities in England remained at 8 in the year.
Waverley care home was purchased in April 2007 and is a twenty bed care home. The home provides nursing and residential care.
The home is spread over four floors and consists of:
Basement
In the basement there is a dining room with an area which is used for watching TV by some of the clients. The kitchen, laundry, Staff room and main office are based in the basement. There is also access to three toilets: one for kitchen staff, one for general staff and one for clients.
Ground floor
On the ground floor there are three bedrooms, a sluice, a bathroom with a toilet, a separate toilet, the main lounge and a small nurse's station. Two of the bedrooms on this floor are double room's with one en-suite.
First floor
On the first floor there are seven bedrooms, one of these is a large double room. There is a shower room, toilet and sluice room.
Second floor
There are seven bedrooms, one bathroom with a toilet, a sluice room and a separate toilet.
There is a passenger lift which accesses all of the floors in the building.
Staff and training
A trained nurse is on duty 24 hours a day with three care assistants in the morning, two in the afternoon and one at night. Staffing levels are monitored to ensure that appropriate numbers of staff are available for clients in our care. We have not used agency staff in the last 12 months.
Our manager is a trained nurse and has commenced a level 4 NVQ in leadership and Management. We have a registered general/mental nurse who is responsible for overseeing any mental health issues across clients at Waverley.
Three of our other nurses are dual registered general nurse/midwife. Our part time nurse is a state enrolled nurse who works two nights a week. All of our trained staff attend various training courses and updates regarding best practice across various areas within the home. We employ a full time activities co-ordinator who works 6 hours a day 5 days a week.
Closure of the Care Home
Unfortunately, during the year the Care Home has been forced to close. The Trustees are assessing the best course of action for the future.
Financial review
The net outgoing resources of the charity was £190,158 (2023 incoming resources of £76,952).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between approximately six and nine month’s expenditure. The trustees consider that reserves at this level are sufficient to cover it's working capital requirements. This reserve policy reflects the need to balance risk against the objectives of the charity.
The trustees have assessed the major risks to which the charity is exposed, and confirm that systems are in place to mitigate exposure to these risks.
Plans for future periods
The Trustees hope to continue assisting the sisters of the congregation in providing care to the local communities.
page 2
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
The Congregation of the Daughters of Mary, Mother of Mercy was established in England in 1987. The charity is governed by a trust deed dated 13 December 1993 and is registered with the Charity Commission under registration number 1036524. The power to appoint and remove trustees rests with the Sister Superior.
The trustees who served during the year and up to the date of signature of the financial statements were: Sr M Nzeribe
Sr B Onwuzuruigbo Sr M Echeta Sr P Iwuoha Sr A Ilonor
Day to day activities are managed by the sisters at each of the locations, with key decisions made by the Trustees.
The trustees' report was approved by the Board of Trustees.
.............................. Sr B Onwuzuruigbo Trustee 31 October 2025 Date: .............................................
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THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
page 4
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
Opinion
We have audited the financial statements of The Congregation of the Daughters of Mary Mother of Mercy in the British Isles (the ‘charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charity’s affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
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THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
Responsibilities of trustees
As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.
In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatements due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.
However it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity’s operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, the audit engagement team made enquiries of management, and those charged with governance, regarding the procedures relating to identifying, evaluating and complying with;
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laws and regulations and whether they were aware of any instances of non-compliance;
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detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
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the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;
As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, General Data Protection Regulations, Charities Act 2011, Charities Statement of Recommended Practice and employment law and regulations. We performed audit procedures to detect non-compliance, which may have a material impact on the financial statements. These included reviewing financial statement disclosures and evaluating advice received from external advisors. There were no significant laws and regulations we deemed as having an indirect impact on the financial statements.
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Revenue recognition - this was tested substantively for rental income and the sisters salary income.
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Management override of controls - we reviewed management accounts and large journals to discover any evidence of management override
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THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor's report.
Other matters
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Darren Harding (Senior Statutory Auditor)
For and on behalf of Richard Place Dobson Services Limited, Statutory Auditor Chartered Accountants Ground Floor 1 - 7 Station Road Crawley West Sussex RH10 1HT Date: .........................31 October 2025
Richard Place Dobson Services Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
page 7
THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Current financial year Unrestricted Unrestricted funds funds general Designated funds 2024 2024 Notes £ £ Income from: Charitable activities Sisters Salaries 3 811,234 - Care Home 3 491,058 - Total income 1,302,292 - Expenditure on: Charitable activities Religious activities 4 812,311 - Care Home 4 676,639 3,500 Total charitable expenditure 1,488,950 3,500 Other expenditure 9 - - Total expenditure 1,488,950 3,500 Net income/(expenditure) and movement in funds (186,658) (3,500) Reconciliation of funds: Fund balances at 1 January 2024 756,097 290,500 Fund balances at 31 December 2024 569,439 287,000 |
Total 2024 £ 811,234 491,058 1,302,292 812,311 680,139 1,492,450 - 1,492,450 (190,158) 1,046,597 856,439 |
Total 2023 £ - 781,998 454,978 1,236,976 690,960 470,834 1,161,794 (1,394) 1,160,400 76,576 970,021 1,046,597 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Prior financial year Unrestricted Unrestricted funds funds general Designated funds 2023 2023 Notes £ £ Income from: Charitable activities Sisters Salaries 3 781,998 - Care Home 3 454,978 - Total income 1,236,976 - Expenditure on: Religious activities 4 690,960 - Care Home 4 467,334 3,500 Other expenditure 9 (1,394) - Total expenditure 1,156,900 3,500 Net income/(expenditure) and movement in funds 80,076 (3,500) Reconciliation of funds: Fund balances at 1 January 2023 676,021 294,000 Fund balances at 31 December 2023 756,097 290,500 |
Total 2023 £ - 781,998 454,978 1,236,976 690,960 470,834 (1,394) 1,160,400 76,576 970,021 1,046,597 |
|---|---|
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THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
BALANCE SHEET
AS AT 31 DECEMBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 11 | 866,597 | 886,749 | ||
| Current assets | |||||
| Debtors | 12 | 985 | 2,794 | ||
| Cash at bank and in hand | 184,414 | 280,133 | |||
| 185,399 | 282,927 | ||||
| Creditors: amounts falling due within one | 13 | ||||
| year | (195,557) | (123,079) | |||
| Net current (liabilities)/assets | (10,158) | 159,848 | |||
| Total assets less current liabilities | 856,439 | 1,046,597 | |||
| The funds of the charity | |||||
| Unrestricted funds - general | 569,439 | 756,097 | |||
| Unrestricted funds - Designated funds | 15 | 287,000 | 290,500 | ||
| 856,439 | 1,046,597 |
31 October 2025 The financial statements were approved by the trustees on .........................
.............................. 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 2024
| Notes Cash flows from operating activities Cash (absorbed by)/generated from operations 18 Investing activities Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Net cash used in investing activities Financing activities Repayment of bank loans Net cash used in financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ - - - |
£ (95,719) - - (95,719) 280,133 184,414 |
2023 £ (16,449) 2,705 (13,569) |
£ 141,593 (13,744) (13,569) 114,280 165,853 280,133 |
|---|---|---|---|---|
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THE CONGREGATION OF THE DAUGHTERS OF MARY MOTHER OF MERCY IN THE BRITISH ISLES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
The Congregation of the Daughters of Mary Mother of Mercy in the British Isles is a charity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
1.2 Going concern
These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future, however, the trustees are aware of certain material uncertainties which may cause doubt on the charity's ability to continue as a going concern. Specifically, the closure of the Care Home in October 2024 which was a significant part of the charities activity. The congregation have enough funds in reserve to continue as a going concern for at least 12 months from the date of the signing of the audit report.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
1.4 Income
Donations and similar incoming resources are included in the year in which they are receivable which is when the charity is entitled to the resource.
Sisters Income - This is included in the accounts as and when it is paid into the Charity's bank by either the individual Sisters or their employers.
Care Home Residents Fees - This income is included in the accounts in the year in which it is receivable which is when the charity is entitled to the resource.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
The charitable activities are split between Waverley Care Home in Liverpool and the other congregations which are spread across the UK. Likewise, the support costs have been split between the Care Home and the congregation.
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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 2024
1 Accounting policies
(Continued)
All support costs have been identified as finance and governance costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulations and good practice. These costs include costs related to audit and other professional fees with allocation split to Religious activities and Care Home based on where these costs primarily relate to.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Freehold property Straight line over 50 years Plant and machinery 20% Reducing balance Fixtures, fittings & equipment 20% Reducing balance Motor Vehicles 20% Reducing balance
Freehold land is not depreciated.
Assets costing over £1,000 are capitalised.
1.7 Financial instruments
The charity only has financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments.
1.8 Taxation
As a charity, the organisation is not subject to Corporation Tax or any other taxes on income or gains arising from its charitable activities.
1.9 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.11 Debtors
Other debtors represent prepayments that are valued at the amount prepaid net of any trade discounts due.
1.12 Creditors
Other Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
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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 2024
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The main judgements and accounting estimates included in the accounts are:
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Prepayments and Accruals - Management has made estimates and established prepayments and accruals in respect of potential assets and liabilities as at the balance sheet date.
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Depreciation - Management has made assumptions and estimated depreciation rates in respect of showing a true and fair view of the assets at the balance sheet date.
3 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Sisters Salaries | ||
| Congregation income | 811,234 | 781,998 |
| Care Home | ||
| Care Home fees | 491,058 | 454,978 |
| 1,302,292 | 1,236,976 |
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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 2024
4 Expenditure on charitable activities
| Religious activities Care Home 2024 2024 £ £ Direct costs Staff costs - 345,426 Depreciation and impairment 16,547 3,605 Religious activities 784,964 - Care Home - 327,958 801,511 676,989 Share of support and governance costs (see note 5) Governance 10,800 3,150 812,311 680,139 Analysis by fund Unrestricted funds - general 812,311 676,639 Unrestricted funds - Designated funds - 3,500 812,311 680,139 5 Support costs allocated to activities Governance costs Analysed between: Religious activities Care Home 6 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets Loss/(profit) on disposal of tangible fixed assets |
Total 2024 £ 345,426 20,152 784,964 327,958 1,478,500 13,950 1,492,450 1,488,950 3,500 1,492,450 |
Religious activities 2023 £ - 18,024 665,436 - 683,460 7,500 690,960 690,960 - 690,960 |
Care Home 2023 £ 315,909 3,631 - 147,606 467,146 3,688 470,834 467,334 3,500 470,834 2024 £ 13,950 10,800 3,150 13,950 2024 £ 10,800 20,152 - |
Total 2023 £ 315,909 21,655 665,436 147,606 1,150,606 11,188 1,161,794 1,158,294 3,500 1,161,794 2023 £ 11,188 7,500 3,688 11,188 2023 £ 7,500 21,655 (1,394) |
|---|---|---|---|---|
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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 2024
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
8 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2024 | 2023 | |
| Number | Number | |
| Waverley Care Home (full time and part time) | 23 | 21 |
| Employment costs | 2024 | 2023 |
| £ | £ | |
| Wages and salaries | 311,233 | 275,558 |
| Social security costs | 29,724 | 27,053 |
| Other pension costs | 4,469 | 13,298 |
| 345,426 | 315,909 |
As members of the order, the trustees' living expenses are borne by the Order. The trustees received no remuneration or other benefits in connection with their duties as trustees.
The trustees do not consider any of the staff to be key management personnel.
There were no employees whose annual remuneration was more than £60,000.
9 Other
| Total | Unrestricted | |
|---|---|---|
| funds | ||
| £ | general | |
| 2024 | 2023 | |
| Net loss on disposal of tangible fixed assets | - | (1,394) |
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
page 16
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 2024
| 11 Tangible fixed assets Freehold property £ Cost At 1 January 2024 1,137,400 At 31 December 2024 1,137,400 Depreciation and impairment At 1 January 2024 280,614 Depreciation charged in the year 14,143 At 31 December 2024 294,757 Carrying amount At 31 December 2024 842,643 At 31 December 2023 856,787 12 Debtors Amounts falling due within one year: Other debtors 13 Creditors: amounts falling due within one year Other creditors 14 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
Plant and machinery Fixtures, fittings & equipment Motor Vehicles £ £ £ 5,112 74,088 112,118 5,112 74,088 112,118 5,112 72,248 83,995 - 385 5,624 5,112 72,633 89,619 - 1,455 22,499 - 1,840 28,122 2024 £ 985 2024 £ 195,557 2024 £ 4,469 |
Total £ 1,328,718 |
|---|---|---|
| 1,328,718 | ||
| 441,969 20,152 |
||
| 462,121 | ||
| 866,597 | ||
| 886,749 | ||
| 2023 £ 2,794 |
||
| 2023 £ 123,079 |
||
| 2023 £ 13,298 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
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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 2024
15 Unrestricted funds - Designated funds
These are unrestricted funds which are material to the charity's activities.
| At 1 January | Resources | At 31 December |
At 31 December |
|
|---|---|---|---|---|
| 2024 | expended | 2024 | ||
| £ | £ | £ | ||
| 290,500 | (3,500) | 287,000 | ||
| Previous year: | At 1 January | Resources | At 31 December |
|
| 2023 | expended | 2023 | ||
| £ | £ | £ | ||
| Property fund | 294,000 | (3,500) | 290,500 |
The Property fund represents the funds necessarily set aside for the charity's occupation of the nursing home in Liverpool, but also takes into account any Impairment loss incurred.
16 Analysis of net assets between funds
| Unrestricted Unrestricted funds funds general Designated funds 2024 2024 £ £ At 31 December 2024: Tangible assets 579,597 287,000 Current assets/(liabilities) (10,158) - 569,439 287,000 Unrestricted Unrestricted funds funds general Designated funds 2023 2023 £ £ At 31 December 2023: Tangible assets 596,249 290,500 Current assets/(liabilities) 159,848 - 756,097 290,500 |
Total 2024 £ 866,597 (10,158) 856,439 Total 2023 £ 886,749 159,848 1,046,597 |
|---|---|
page 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 2024
| 17 Related party transactions There were no disclosable related party transactions during the year (2023 - none). 18 Cash (absorbed by)/generated from operations 2024 £ (Deficit)/surplus for the year (190,158) Adjustments for: Gain on disposal of tangible fixed assets - Depreciation and impairment of tangible fixed assets 20,152 Movements in working capital: Decrease/(increase) in debtors 1,809 Increase in creditors 72,478 Cash (absorbed by)/generated from operations (95,719) 19 Analysis of changes in net funds |
2023 £ 76,576 (1,394) 21,655 (1,656) 46,412 141,593 |
|---|---|
The charity had no material debt during the year.
page 19