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2021-12-31-accounts

HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAIDS OF THE HOLY CHILD JESUS

FINANCIAL STATEMENTS

For the year ended 31 December 2021

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HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAIDS OF THE HOLY CHILD JESUS

CONTENTS

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PAGE
Trustees Report 4-5
Independent examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9-12
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HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAIDS OF THE HOLY CHILD JESUS

LEGAL AND ADMINISTRATIVE INFORMATION

Religious Supervisor Sr. Rita Etuk Trustees Sr. Elizabeth Wills-Obong Sr. Cecilia Essien Sr. Rita Etuk Charity number 1043448 Principal Address Ancilla Convent 4 Woodstock Crescent London N9 7LY Independent Examiner Michael Danso FCCA MBA MSc FFA FIPA 147 Wells Way London SE5 7SZ Bankers NATWEST Bank Plc 104-110 Fore Street Upper Edmonton London N18 2XA

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HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAIDS OF THE HOLY CHILD JESUS

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their report and accounts for the year ended 31 December 2021 The accounts have been prepared in accordance with the accounting policies in Note 1 to the accounts and comply with the charity’s trust deed dated 25[th] January 1994, applicable law and requirements of the Statement of Recommended Practice (Charities SORP), - ‘Accounting and Reporting by Charities issued in October 2000.

Objects of the Charity

The congregation of the Handmaids of the Holy Child Jesus is an international Religious Order, which is governed by a Superior General and General Council, with members working in Africa, United Kingdom, Europe, USA and many other parts of the world.

The Charity Handmaids of the Holy Child Jesus is registered with the Charity Commission for England and Wales under the number 1043448.

The governing instrument of the Charity is a Trust Deed dated 25[th] January 1994. Its principal objectives are charitable purposes connected with the Roman Catholic Religion and other charitable works of the order.

The Policy of the Charity is to undertake a broad range of charitable activities. There has been no material change in Policy this year.

There was no change in apostolate during 2021.

The Charity has three trustees of whom all are Sisters of the religious order working with the Superior. The Congregation’s membership in England is six.

Review of Activities

Members of the Congregation furthered the Charity’s charitable objectives by undertaking a broad range of charitable activities. In particular, the sisters in the spirit of the congregation provided nursing care and support in the local community. They also worked in partnership with Church communities such as the Ancilla Soup Kitchen serving and reaching out to the sick and homeless as well as working with young people and assisting in the education and underprivileged

Trustees

The trustees who served during this year were:

Sr. Elizabeth Wills-Obong Sr. Cecilia Essien Sr. Rita Etuk

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HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAIDS OF THE HOLY CHILD JESUS

Review of Financial Activities

During the year, the charity had net outgoing resources of £151,932 All the charity’s assets are held for the furtherance of the charity’s objectives and are adequate and sufficient to meet the charity’s needs.

Reserves Policy

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 approximately 3 months’ expenditure. The trustees consider that reserves at this level will ensure that in the event of a significant drop in funding they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

Risk Factors

The trustees have carried out a review of risks facing the charity and have instituted measures to mitigate identified risks.

Law applicable to England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payment basis)

In preparing for accounts giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the charity, and which enables them to ensure that the accounts comply with the applicable law. They are also responsible for the safeguarding of the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities.

On behalf of the board of trustees

Signed ………………………….... Dated …28/10/2022

Sr. Rita Etuk (Trustee)

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HANDMAIDS OF THE HOLY CHILD JESUS

INDEPENDENT EXAMINER’S REPORT

TO COUNCIL OF TRUSTEES OF THE HANDMAIDS OF THE HOLY CHILD JESUS

I report on the accounts of the charity for the year ended 31 December 2021, which is set out on pages 07 to 12

We have examined the Balance Sheet and the Income and Expenditure Account of Handmaids of The Holy Child Jesus for the year to 31 December 2021. This account has been prepared in accordance with the Financial Reporting Standard for Smaller Entities and under 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 Council of Trustees consider 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 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 in accordance with 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:

have not been met; or

(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

______ Michael Danso FCCA MBA MSc FFA FIPA Anthony Michael & Associates Ltd Accountant & Management Consultants

147 Wells Way, London SE5 7SZ

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HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAID OF THE HOLY CHILD JESUS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Notes Unrestricted
Designated
Funds
Funds
£
£
Incoming Resources
Sisters Salaries
146,352
0
Investment Income
0
Other Income
0
Total Incoming Resources
146,352
0
Resources Expended
Convent running costs
106,451
0
Mortgage Interest
4,993
Other running costs
39,064
0
Management and
Administration
1,424
0
Total Resources expended
151,932
0
0
Net income / expenditure
before transfers
-5,580
0
Net income / expenditure
after Funds transfers
Fund Balance Brought as at
1 January 2021
96,071
0

Balance as at 31 December
2021
90,491
0		 TOTAL
2021
£
146,352
0
0
146,352
106,451
4,993
39,064
1,424
151,932
-5,580
96,071
90,491		 TOTAL
2020
£
130,850
0
0
130,850
83,177
4,577
30,792
1,000
119,546
0
96,071
96,071

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HANDMAIDS OF THE HOLY CHILD JESUS

BALANCE SHEET
AS AT 31 DECEMBER
2021
2020
£
£
£
FIXED ASSETS
737,308
CURRENT ASSETS
Cash in hand and Bank
12,419
11,650
Reserve Account
5,933
5,433
TOTAL CURRENT ASSETS
18,352
17,083
CREDITORS:Amount falling due
within one year
-1,000
-1,000
NET CURRENT ASSETS
17,352
Total Assets less Current Liabilities
754,660
CREDITORS:Amount falling due
after more than one year
198,982
NET ASSETS
555,678
FUNDED BY
Unrestricted Funds
Designated Fund
109,966
Unrestricted Reserve
306,467
Other Charitable Funds
139,245
555,678
The board of Council of Trustees Approved
£
737,308
16,083
753,391
229,583
523,808
109,966
306,467
107,375
523,808

Signed ………………………….... Dated …28/10/2022… Sr. Rita Etuk (Trustee)

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HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAID OF THE HOLY CHILD OF JESUS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting Policies

1.1 Basis of preparation

The accounts are prepared under historical cost convention

1.2 Incoming resources

All incomes are accounted for in the period to which it relates

1.3 Resources expended

All expenditure directly relates to the objects of the charity

No fundraising or publicity expenditure has been incurred

VAT is irrecoverable and is included with the category of expenses to which it relates

1.4 Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land at cost less depreciation Depreciation is provided at rates calculated to write off the cost less estimated residual value over its expected useful life

Freehold land is not depreciated Freehold buildings 0% Furniture at 20% on cost 2 Sisters' salaries 2021 2020 £ £ Sisters' income 146,352 130,850 Student Grants 0 0 3 Donations 2021 2020 £ £ Donations received 0 0

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HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAID OF THE HOLY CHILD OF JESUS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

4 Investment income

4 Investment income
2021 2020
£ £
Investment income 0 0
5 Total resources expended
Other
Total
Depreciation Costs Total 2021
2020
£ £ £ £
Charitable expenditure
Convent Running Costs 0 111,444 111,444
87,754
Other Direct Costs 39,064 39,064 30,792
Management and
Administration 0 1,424 1,424 1000
0 151,932 151,932 119,546

Management and Administration Costs includes payments to accountants

6 Trustees

None of the trustees (or any person connected with them) received any remuneration during the year

7 Employees

There were no employees during the year

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HANDMAIDS OF THE HOLY CHILD JESUS

HANDMAID OF THE HOLY CHILD OF JESUS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

8
Tangible Fixed Assets
Cost
At 01 January 2021
Additions
At 31 December 2021
Depreciation
At 01 January 2021
Charge for the year
At 31 December 2021
Net Book Value
At 31 December 2021
At 31 December 2020

9
Creditors: amounts falling
due within one year
Accruals

10
Creditors: amounts falling
due after more than one year
Bank Loans		 Land and
Furniture Totals
Buildings
& Fittings
£
£
£
737,308
4,000
741,308
0
0
0
737,308
4,000
741,308
0
4000
4,000
0
0
0
0
4,000
4,000
737,308
0
737,308
737,308
0
737,308
2021
2020
£
£
1,000
1,000
1,000
1,000
2021
2020
£
£
198,982
229,583
198,982
229,583

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HANDMAIDS OF THE HOLY CHILD JESUS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

11 Designated funds

The income funds for the charity include designated funds which have been set aside out of unrestricted funds by the trustees for a specific purpose:

Movement in funds


 Balance at
Incoming
Resource
Transfers
1 January
Resources
expended
2021
£
£
£
£		 Balance at
31 December
2021
£
109,966
Designated
Funds
£
737,308
0
737,308		 Total
£
737,308
18,352
-1,000
-198,982
555,678
109,966
0
0
0
Analysis of net assets between funds
Unrestricted
Funds
£
Fund Balance at 31 December
2021 are represented by:
Tangible fixed assets
0

Current Assets
18,352
Creditors: amounts falling
due within one year
-1,000
Creditors: amounts falling
due after more than one year
-198,982
TOTAL

12 Analysis of net assets between funds

12