**%*****k*+*4r**** CONGREGATION OF THE SISTERS OF THE IMMACULATE HEART OF MARY MOTHER OF CHRIST UNITED KINGDOM Reports & Accounts For Year Ended 31 March 2025 An Organisation with a charitable purpose 195 Church Road Manor Park London E12 6HB *******4t*****4r*4r**
**fv*******+k+**+ CONGREGATION OF THE SISTERS OF THE IMMACULATE HEART OF MARY MOTHFR OF CHRI,ST IHM UNITED KINGDOM ADMINISTRATIVE DETAILS Principal Address: 195 Church Road Manor Park London El 2 6HB Trustees Mother Maureen Akabogu (Chairperson) Sr Olive Maria Okafor Sr Mary Felita Iwenofu Sr Mary Sebastian Ogwuike Sr Ann Maris Ezebube Sr Mary Norbert Ezenwanne Principal Bankers Lloyds TSB PIC Accoun t Uchenna Anyanwu (ACCA). 27 Beckman Road Pedmore Stourbridge. DY9 OTZ. Signature.... Signature .. Si. Olive Maria Okafor (For the Trustee) Sr Mary Felita Iwenofu (For the Trustee) Date..- Date... +*7+**4t**+èIr*+***+r****
***It**********Il** 4. CONTRACTS WITH TRUSTEES There are no contracts or agreement subsisting during or at the end of the financial year in which any trustees of the Congregation were or is materially interested and which was or is significant in relation to the business of the organisation.
CONGREGATION OF THE SISTERS OF THE IMMACULATE HEART OF MARY MOTHER OF CHRIST IHM UNITED KINGDOM STATEMENT OF FINAt4ClAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2025 Notes 2025 2024 INCOME & EXPENDITURE INCOME RESOURCES Grants & Doi)alloiis Oidlnary Inconie (Nel ol PAYEI Iriteresl fteceivablo Ollier Iiiconie 421,975 1,005 82,8S6 S05,836 444,134 547 73,637 518,318 RESOURCES EXPENDED Drrec.I chfifilablp expendllur ruiid ralsln8 eKptrnses Mai)ogemenl & Adii)Ii)isllbllve Total Resources expeiided 334,151 444, )56 111.411 445.562 110.674 5SS,230 Nei SncoinollOefl£iil for 11)e year 60,274 .36.913 Net Moveiiient ol Ivnds 60,274 36.913 Aalancp Ifom prevlou5 ypar 547,468 547.468 Fur)d lo Balanco Sheet 607,742 510,555 Ui)leSlrScieLI Irquld lunds 246,582 134,802 Reslricled Iiivesliiieiil fuiids 378,389 378,389 ruiids lo Balance sheet 624,971 )J3.191
****+******++*** CONGREGATION OF THE SISTERS OF THE IMMACULATE HFART OF MARY MOTHER OF CHRIST IHM UNITED KINGDOM Notes to the Accounts for the Year Ended 31 March 2025 l. AccouwrtNG POLICIES l. l Accounting Convention The financial statements under review are prepared on historical cost basis in accoi'dance with applicable accounting standards and statement of Recommended Pi'actice Numbei, 2 (Accounting by Charities) 1,2 Income Recognition Voluntary income is received in cash by way of grants; subsci'iptions, donations and othei. income are included in fvll in the income and expendituit account to the extent that the related expenditur¢ has taken place. Bank interest is included in the income and expenditure account upon receipt. 1 .3 Cash Flow Statement The Congregation has taken advantage of the exception in Financial Reporting Standard l from producing a cash flow statement on the grounds that it is a small organisation and because the Movement of Funds. There were charitable donations received from the public during the period, these are included as part of other income. 1.4 Depreciation The costs of items of equipment, as a policy are written off in the year of purchase. In addition, items of equipmeni donatcd by the general public are not qualified for inclusion in the balance sheet and no depreciation is applicable. 2 ORDINARY INCOME The Congregation's principal source of income is from employment income of the Nuns engaged in various areas such as nursing, teaching and religious work in England. Incomes from this source were taxed under PAYE system befoic receipt, The income and expenditure relating to th¢ activities are detailed in the Movement of Funds Statemcnt 3 Direct charitable expenditu of £421,975 relates to expenditure for support and maintenance of the Nuns, premises development & expenses, education, training and similar direct chwitable expenses for theftr upkeep. It would also include staff SaIleS, wages. ********+*********ts+
CONGREGATION OF THE SISTERS OF THE IMMACULATE HEART OF MARY MOTHER OF CHRIST IHM UNITED KINGDOM BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 FIXED ASSETS Investments 378,389 378,389 CURRENT ASSETS Cash & 8ank 246,582 134,802 246,582 134,802 DEDUCT LIABILITIES: Net Current Assets 246.582 134,802 Net A55ets 624,971 513,191 Total Net Asset 624,971 513,191 FUNDS Unreslrlcled Funds 246,582 134,802 Restrlcted Funds 378,389 378,389 624.971 513,191 71
CONGREGATION OF THE SISTERS OF THE IMMACULATE HEART OF MARY MOTHER OF CHRIST HM UNITED KINGDOM Movement of Funds for the Yeai Ended 31 March 2025 Unrestrlcted Funds Restrlcted Funds 2024 Total 1025 Total INCOMING RESOURCES 421,975 82,856 444,134 73,637 42 1,Q75 82,856 1.005 505,836 S47 518,318 1,005 405,836 RESOURCES EXPENDED 5uppoil & Maiiilei)once ol Slsters Prenilse5 oxponses EducatiOlI & Tialnlrig Trovel & Subs151LincL GlflslDoiialluiilTrl to HQ Legal & Professloiial lees Iiisuraiice Bank cliaf8es Allorallon lo loan repayment House Impiovement5ldevelopmpnl Olhe¢lPronioiloi) prolecl Tolal Resoufces Fxpenrted Nel Incrjme Hesource% lor the yr 223.273 56.261 8,631 5.131 8,071 9.912 8.360 850 73.386 176,492 261.455 3.163 3,447 48,386 6.242 1.715 311 54,020 223.273 56,261 8,631 5.131 8,071 9,912 8,360 8SO 73,186 10,831 445,562 60,274 10,831 445,SC)2 60.274 555,231 -31>,91.4 Net Movpment ol FLind5 60.274 186,308 -36,9) 3 601,610 60,274 S64.697 OpeninR Fund Balance 378,389 Net Fijnd Ralai)cp al 31 Marr.h 246,J82 378.389 564,697 624,971 81