2024-12-31-accounts

Charily registraiion number 1161J)34 Ursullne Links Report and Accounts 31 December 2024 Borncki & Co Chartered Accounianis 42 Radnor Road Harrow Middlesex HAI I RZ

Ursuline Links Legal and administrative inforniation Trustees Kaihleen Colmer Bridget Durrant Pamela Johnson Karen Reilly Polly Harrison Prineipal o￿lee 38 Giosvenor Road London E7 8JA Charity number Indcpendcnt examiner J l Borncki FCA Borucki & Co 42 Radnor Road Harrow Middlesex. HAI I RZ Bankers Royal Bank of Scotland plc 62-63 Threadneedle Street London EC2R 8LA

Ursuline Links Trustees report 2024 was an unusual year for Ursuline Links. Following Ihe in-depih evaluation conducied in aulumn 2023 which indicaied ihai Ursuline Links had a fuiure, Ihe irusiees sei aboui adverti.sing for a new Director. Despiie extensiN'e dvertisino we were unsuccess￿1 in qecuring Ihe ideal person until laie autumn. James Ryan will 8tart hiq post in January 2025. Follunately, Cleo Gammon conlinued 10 keep her conia¢is with the past siudents so that we were able io have a day s reunion in May 2024. This was well attended so we were hugely encouraged. The young people (some of whom had uiven five years. service) gave us innovatii'e ideas about which projects to get involved with into the future. Sadly. there were no fornul projects in the sununer holidays. HoweN'er, dales for the launch assemblies were tixed in Jllly so at the beginning of October Sr. Kathleen visited thc six Ursuline schools to gil'e the good news ihat Ursuline Links was back in business. The re%pon.* was amazing. By the beginninu of November. we had around 80 students signed up. In consuliaiion with ihe 51uden15 we had decided thai Ihey Lould organise small service projects in iheir schools before ihe Chrisimas break. Si Ursulas students organised their fwsl projeci by colleciing numerous boxes of food supplies for ihe local Greenwich Food Bank before Ihe end of Ociober and wrote Christmas cards 10 lonely elderly people in December Students in Ilford collected for their local FIKMI Bankand the Jesuit Refugee Service. Other students have service plans ready for early 2025 This shows the trustee5 the calibre of students we have rccruitcd By ihe end uf 2024 we had a firm belief that sumrner 2025 would be one OF thc bcst ci'cr. All thc 80+ studcnls had show'n great comniitment to ihe unihly mccling5 aDd a gcnuine desire to be uf 5¢rvicc to their neighbouis near and far. These are young ￿Ople of great promise. PUBLIC BENEFIT The Trusiees hai'e consulied ihe ouidanLe made available by ihe Chatil). Comtnission for England and Wales on PubliL Bcnefil requitcmeni of Ihe ChaTilies Act 2011. The Trustees are confident ihat they have complied with their duly under ihe Act in ihai ihey have had due regard io public benefii guidance publi%hed by ihe Commi.q8ion. The Trusiees hai'e ￿Ven details of the aciivilies and achievements of Ursuline Links in previous paragraphs which indicate the Seriousness with ￿h]Ch they adhere to this guidance. These works include caring for the least vulnerable in our wiety. enhancing the lii'es of young children and developing leadership %kills in young adults and oiher charitable causes that come within the object of the CIO.

Ursuline Links Trustees report s the Desenzano house is no longer available a number of the charity's resources have been gified to other charit<ible organisations. Most resources. though. have ￿en safely stored for future projects. REsER}￿s POLICY Th¢ Tiu%lc¢% havc d Rcsetve5 Policy in place. Ai Ihe end of each fiscdl ye<ll, they aim io have a ie%erve of £lO.000. Such a sum allows us to pay for iemporary staff should Ihere be a long-tem) absence, a deposit for the following year's aciiviiy before a funding grani has been received and any unforeseen expendiiure. On 31 December 2024 the reseri'e8 siood ai £74,523 which is conqiderably more ihan we had hoped. Thi% high figure relaie% Lo ihe charily receii'ing addiiional funding 10 sUPPOrt ihe salary cotsis of ihe newly appointed Direcior who will start hi4 post in January 2025. As ihere ￿'ere no )'ouih aciiviiies for mosi of Ihe year the expenses hai'e been minimal. The Trustees are not concerned aboui Ihis figure as li means we sian Ihe new year wiihoui financial anxiety. RISK ASSESSMENT The Trustees haye assessed the major risks io which the chaTiiy is exposed. those rela￿d to the operations and finances of the Chatify and are satisfied ihai systCffj5 ate in plaLe to toiligaie oui expo4we io major tisk5. The Trustees work under the auspices of the Religious Life Safeguarding Sernice for all the Protection Against Abuse issues. DBS clearanLe is obtained for all employees and adul( volunieers. The Aqsisiani Director has an Ursuline Links credii Card. Monthly expendiiure 18 Moni￿red and an accoun( given to the Finance Officer. Single expendiwre over £?(K) musi be approved in advance. The Trusiees have a Child Proieciion policy w'hich is discussed wilh all emplovees and adult volunieers. Safeguarding and Health and Safely Iraining is gii'en io all aduli and Youih Leader ￿OlunteerS. This year Sr. Kdthleen Colmer and Ms. Cleo Gammon have been Ihe Safeguardino Officers- Ms Cleo Gammon is our trained First Alder. Their training is kept up 10 dale. Risk Asses.sments are conducted for all our Youth Projecis- additional insurance is taken out for overse&s projects. FUTURE PLANS Following two rounds of advertising Ihe T￿£￿e5 have apw)inied a fi]11-lime Direcior for the charity: James Ryan takes up his post on 13ih January 2025. He will drdw up a 5 -year susLqinability and development plan to be presented lo the Trustees ai their meeiing on May 15ih 2025. Plan8 are well undenvay for summer ?025 projeci%- 80+ smdenis are enrolled. We are busily completing fi]nding application forms in the hope we will have the funds we need 10 offer all the students worthwhile projects and only charge them a minimal fee for par(icipatine. 2025 marks the 15ih )'ear of Ursuline Links. We will mark this el'ent on 14th June with a special M&ss and lunch for past and present students. families. t"riends and sponsors. Signed on behalf of the Tru5tees= Trustee= Kathleen Colmer Approved by ihe trusiees on 5ih March 2025

Ursuline Links STATEMENT OF TRUSTEE'S RTrSPONSIBILITIES IN RESPEcf OF THE TRUSTEES, REPORT AND FINANCIAL STATEMENTS Under charity law, Ihe Irusieeq are responsible for preparing ihe Trustee%' Annual Repon and the financial qiatements for each financial year which show a In￿ and fair i'iew of the siaie of affairs of Ihe charity and of the excess of income over expenditure for Ihai period. In preparing these financial statemenL8, generally acceptrd accounting praciice entails Ihai the trustees: select suitable accounting policies and then apply thein consistently- make judgements at]d estimates thai are reasonable and prudent. state whether the recommendations of the Statement of Recommended Practice have been followed, subjeci to any maierial departures disclosed and explained in ihe financial statements- state whether the statements comply with the trust deed. subject to any niaterial departures disclosed and explained in the financial statements- prepare financial statements on the (poinu concern basis unless it is inappropriate to presume the charity will continue its aclivities. The trustees are required io act in accordance with Ihe misi deed of the chariiy, wiihin the framework of trust law. They are responsible for keeping proper accouniing records, sufficient io disclose at any time, with reasonable accuracy. the financial position of the charity at that lime. and 10 enable the trllstees to ensure that. ,here any .statements of accounts are prepared by thein under section 132(1) of the Charities Act 2011, those Statements of accounts comply with the requirement.s of re£ulations under thai provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularitie5.

Ursuline Links Independent Examiner's Report to the Trustees of Ursuline Links I report on the accounts of Ursuline Links for the Feriod ended 31 December 2024 which cornprise the Statement of Financial Activities and the related notes. Thi% report is n]adc %olcly io thc chatily's iru51ces. a5 a body. in accoidancc with Scciion 145 of the ch￿IleS Act 2011. My examination has been undertaken so that I might state io the charity's trustees those matters we are required (o state io ihem in an independent examiner's report and for no oiher purpose. To the lullesi ex(enL permiiied by law. I do not accepi or assume responsibilily to anyone other than the charity and the chatiiy's iruS￿e5 a% a body, for my examindlion. for this report, or for Ihe opinion% I have fomed. RespectiTre re8ponsibilitie8 of tr￿Stee$ and auditfjrs The chariiy s trusiees are responsible for ihe preparaiion of ihe accounis. The charity's irusiees consider that an audii is noc required for ihis year under seciion 144(2) of ihe Chariiies Aci 2011 Iihe ?01 l Aci) and ihai an independeni examinaiion is needed Ii is my responsibiliiy lo= examine the accounts under seciion 145 of ihe 2011 ACT- to follow the procedure% laid down in the oeneral Direciions given by the Charity Commission under section 145{5){b) of the 201 l Act; and - to state whether particular matiers have come to my attention. Basis of independent examiner's report My cxatninaLiun was cattied out in aLLordance wilh the general Diteciions given by the Charity Conjmission. An examindiion inLlud¢s a i¢view of Ihe 41LLounling iecord% kcpl by ihc chariiy and a Lompdri%on of che acLounl5 presented with those records. Il also includes consideration of any unusual items or disclosures in the accounts, and seeking explanaiions from you as irusiees concerning any such mailers. The proLedures underthken do noi provide all the ei'idence ihai would be required in an audit and con%equenili' no opinion 1% given 10 wheiher Ihe accounis present a 'rrue and fair view. and Ihe retM)rt is limiied io ihose mai￿rS sei oui in ihe ststemeni below. Independent examiner's statement In connection with my examination. no matier h&s conie 10 my &tieniion'. (l) whiLh gives me ieasonable cause to believe thai in any maietial iespeci ihe requirements.. to keep accounrinu records in accordance with seciion 130 of the 2011 Act- and to prepare accoun15 which accord wilh the accouniing records and comply with the accouniing requiremenis of the 2011 Aci have noi been mei {-) to whiLh. in my opinion. attcntion should bc dTawi] in ordcr lo cnablc a pioper undcrstanding of thc accounts to bc reached. J l BoruLki FCA Borucki & Co Chartered Accountanis 4? Radnor Road Harrow Middlesex HAI IRZ Signed on 5 March 2025

Ursuline Links Statement of financial activities (incorporating an income and expenditure account) for the year ended 31 December 2024 Noto )24 2023 Incon Voluntary income Donations.. Roman Union of St Ursula General donations Contributions from partieipants Bank interost Total ineome 81.153 1,506 15.IK)O 10.948 2.0?5 152 28.125 264 82.923 Resourees expended Expenditure on charitable activities Proj¥LI cxpenditurc Facilities Administraiion and support 421 4.809 1,988 24,110 10,233 Total expenditure Net ineome/{expenditure} and net movement in funds for the year 69.570 (2.782) Reconciliation of funds Balance brought forward l January 4,953 7,735 Balances carried forward 31 December 4,953 ContinuiDg operatio None of the charity s aciivilies were acquired or disconiinued during the above iwo financial years. Statement of total recognised gains alld lo&ses The charity has no recognised oains or losses other than those shown a￿l'e and therefore no separdte statement of io(al gains and losses hes been prepared.

Ursuline Links Balance Sheet as at 31 December 2024 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 3.510 71.650 75.160 2.010 4.049 6.059 Creditors: amounts falling due within one year (637) (I,l(K)) Net current assets 74.523 4,953 74,523 4,953 Capital and reserves General fi]nd 74.523 4.953 4,953 74.523 Appoved by the Trustees and signed on their behalf 5th March 2025 Kathleen Colmer Trustee ApproN'ed by the Tru.stees on

Ursuline Links Statement of cash flows for the year ended 31 December 2024 Note 2024 2023 Cash used in operating activitics 67.337 {2.8?9) Cash flows from investing acivilies Investment income Cash provided (used) in investing aciivilies 264 2fv1 152 152 Decrease in cash and cash equivalenis in year 67,601 (2,677) (Decrease) increase in cash at bank and in hand 67.601 67.601 {2,677} {2,677) A. Reconciliation of net movement in funds to net cash flow from operating actiiities 2024 2023 Net movement LD funds Deduct investment income InLrea5e IdeLrease) in creditor5 (Incicasc) dccicasc in dcbtors 69.570 (2641 (4691 (1.5001 {2.782) (152) 105 {2,899)

Ursuline Links Notes to the Accounts for the year ended 31 December 2024 l Accollnting policies Accounting convention The dccDunt5 havc bccn prcparcd undei the h]￿lO[1cal cosi conNcntion a8 modified bj the inclusion of investmen15 ai market value and. in accordance with the requirements of the Charities Aci 2011. Applicable aLcouniing siandards and ihe Siatemeni of Recommended PraLiice "Accounling and Reporting by Chariiies" (SORP 2015) have been followed. The trust constitutes a public benefit entity as defined b), FRS I O? The truNtee% con.%ider thai there are no maierial uncertainiie% about Ihe Trnst's abiliiy to continue as a going ¢on¢ern. Income All income 15 recognised once the charity bas entitlement to the iDcome. it is probable that the income will be receii'ed and the aTnount of income receiNable can be measured reliably. Donations, arc rccogniscd whcn thc Trust ha5 i￿cn notificd in writing of both thc amount and scttlcmcT)t datc. Interest on fund5 held on deposit is included when receivable and the amount can be measured reliably by the Lhariiy- this is nornvdlly upon noiifiLaiion of (he interest paid or payable by the bank. Expenditure Liabililies are recognised as expenditure as soon as there is a legal or constructive obligalion comtnitting the charity to that expenditure. it 15 probable that settlen]ent will be required and the amount of the obligation Lan be measured rcliably. Expcnditure on chatitablc aclivitiC5 comptiscs dircct cxpcn5cs incurtcd on thc defined charitable purpo%e% of thc charity dnd includcs %taff co%L% dttributable to the activity. Governance costs comprise of expenditure on compliance with and advice on constitutional and slatutoiy matieis. As all expendiiure can be aiiribuied io Specific caiegories no apEK)llionmenr be￿een heading has been necessary. Irrecoverable VAT is included in ihe 7￿mS of expendiiure to which li rela￿s. Fund accounting The general fund comprises those monies. which may be used towards meeiing the charitable objectives of the charity at the discretion of the Trusiees. Taxation The Tru.%i, ¢15 a regisiered chdriiy, is exempi from taxa(ion on lis income and gains falling within Section 505 of the Taxes Aci 1988 or Seciion 256 of ihe TaX￿lon of Chargeable Gains Aci 1992 (o ihe extent that Ihey are applied ￿ lis chariiable objeciives. No tax charge has arisen in (he year.

Ursuline Links Notes to the Accounts for the year ended 31 December 2024 2 Administration and support 2024 2023 Staff costs Courses and Conferences Travel Office expenses Website Accountancy charges Other professional fees 5.430 310 295 2.289 1.050 840 21,690 691 605 810 10,233 24,110 3 Staff costs and trustees, remuneration 2024 2023 Staff costs Sraff costs during the year were as follows: Wagcs and salarics Redundancy Social security costs Penqion cosis 3,199 21,559 62 69 21.690 Truste¢s' remuneration No trustee received any remuneraiion or reimbursement of ex￿nseS in respect of services as a tru.siee during the year or in the previous year. 4 Taxation Ursuline Links is a regisiered chariiy and therefore is not liable to income thx or corporation tax on income derived from lis chariiable aciiviiies, as li falls within ihe various exempiions available to regiqiered charities 5 Debtors 2024 2023 Other debiors Prcpaymcnts 3.510 2.010 3,510 2,010 6 Creditors: amounL8 falling due within one year 2024 2023 Other creditors Accruals 37 600 637 506 600 1,106 10