Charity registration number 1173507 The English MRssion of the Sisters of St. Louis CIO Report and Accounts 31 March 2024
The English Mission of the Sisters of St. Louis CIO Report and accounts Contents Page Legal and admini%trative inforniation Tru5tees' report Independeni audiior% report 15 Sialement of financial activities 17 Balance sheet 18 Siiilement of Liish flows 19 Noie8 io ihe aLcounl.% 20
The English Mission of the Sisters of St. Louis CIO Leg(11 dllu AUlIlllllSLf<lLive Information Institute Leader Si%ter Patricia Ojo Mission Leader Sister Blanaid Mccaule Trustees Sister Mary Moran Sister Philomena Morris Sister Margaret Healy Sister Aogustins Agyirey=Kwakye Mission Treasurer Sister Mary Moran Mission Address 6 Manor Court 65-71A Sutton Avenue Seatord E(14t Su%sex BN25 4LR Charit Number 255245 Auditors Borucki & Co. 42 Radnor Road H(irrow HA I I RZ Investment Managers Charles Stanley & Co. Ltd 25 Luke Street London EC4A 4AR Brewin Dolphin Ltd. 12 Smithfield Street London ECIA 9BD Bankers Bc]dy'S Bank 1391142 North Street Brighton East Sussex BNI IRU Solicitors Stone King Boundary House 91 Charter House Street London ECIM 6HR
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT INTRODUCTION The Institute of the Sisters of St Louis is a congregation of Roman Catholic Religious Sisters. It was founded in France in 1842, but the Institute Leadership or Central Leadership Team (CLTI now resides in Ireland. The Institute is international in its membership, organisation and vision, with members in nine different countries. The charity is entitled English Mission of the Sisters of St Louis CIO, having been registered with the Charity Commission as a Charitable Incorporated Organisation No. 1173507 in June 2017. The Governing Document of the Charity is a constitution which states that, the object of the CIO is such charitable purposes which advance the religious and other charitable work for the time being carried on by or under the direction of the Institute a5 the Trustees with the approval of the Institute Leader shallfrom time to time thinkfit. The accounts accompanying this report are the accounts of the CIO on which the assets of the Institute in England are held. OBJECTIVES AND ACTIVITIES The Institute of the Sisters of St Louis expresses its objective as a furthering of the vision, treasured and pursued by its founders, of a world heciled, unified Lind transformed by the saving wisdom of Christianity. The English Mission of the Sisters of St Louis CIO aims to support the religious and charitable works carried out by it5 members in pursuit of this vision and to care for its members throughout their lives. CARING FOR MEMBERS The English Mission has an obligation, both legal and moral, to provide for all its members, none of whom have resources of their own and all of whom have committed a significant part of their livesto education, healthcare and other charitable works, here in England and abroad. A Health Care Plan is in place to ensure that necessary and timely provision is made for sick and elderly sisters. In practice, because of the members, age profile, a part-time Health Care Manager is employed to enable members manage their health needs and, when necessary, help them plan the next stage of care. Age Profile Age Number 75-79 80-84 85-89 90-94 The aims of the trustees in caring for sisters are: Making sure there are adequate resources for healthcare provision; Enabling members remain in ministry as long as is reasonable,. Evaluating care and facilities to ensure members receive care suited to their needs. By caring for individual members during their lifespan with the Institute, the charity aims to enable and support individual sisters to live out their faith, and to put that faith into practice in theirvariety of ministries. When planning the work of the charity for the year, the trustees have given careful consideration to the Charity Commission's guidance on public benefit.
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT Keeping connected and celebrating'notable, birthdays. RELIGIOUS AND CHARITABLE ACTIVITIES The work and ministries of the sisters reflect the values of the Institute's Mission Statement, its recent Chapter Documents and Policies. They fall broadly into the following areas: o Prayer and Spiritual Development,. o Education; o Justice, Peace and Integrity of Creation; Overseas Involvement,. Governance Prayer and Spiritual Development The commitment of the sisters to God, the Church and the Institute, requires them to undertake on-going formation and the transformation of their lives through prayer, worship and study; and to find ways of meetingthe spiritual hunger of the wider public, through parish and other organisations. o Sisters increase their understanding of and relationship with God through prayer, courses and retreats. o Members share their experience, values and gospel vision through writing, attendin8/leading prayer groups; and reach out to other denominations, faiths and ideologies in respectful dialogue. Sisters also vislt or befriend their sick, elderly and bereaved neighbours. Formal and Informal Education We are currently a small group of five Sisters engaged in informal educational activities including.. o Serving on a church committee at diocesan level. Working with parish teams, acting as Lay Ministers of the Word and the Eucharist; participating in parish and other study groups.
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT Justice, Peace and Integrity of Creation (JPIC): Some seek to promote JPIC through all their ministries. For others this is the main focus of their charitable work by: Befriending and supporting refugees and migrant domestic workers of all nationalities. Involvement at different levels with established groups/charities, such as, JPIC Links, National Justice & Peace Committee, Christian Council forApproaches to Defense and Disarmament. Campaigning, emailing, protesting for promotion of human, animal, and planetary rights. The sisters are more careful than ever to save energy, not to waste water and to recycle goods and materials where possible. Overseas Involvement o The charity supports projects run by the Institute of the Sisters of St Louis in Brazil, the Republic of Benin, Ethiopia, Ghana and Nigeria through prayer and financial aid. A modest fund is set aside annually for donations to small enterprises that reflect the values of the St Louis Mission Statement. or to global charities for humanitarian purposes when major disasters occur. The charity has made an investment with Oikocredit, a cooperative society that offers loans to small enterprises with real potential for broad social impact. The members offer support and hospitality to sisters who come to England from Nigeria and Ghana for international meetings and courses of study. THE ' LL L"r-i-trLL.E [- fLL Lr
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT Sisters Patricia Ojo and Blanaid attended the annual Anti-Trafficking Awards Ceremony in London October 2023 to honour Sister Patricia Ebegbulem achievement in receiving the Anti-Trafficking award. The aims of the trustees in the above areas of ministry include: Enabling sisters to avail of the necessary training and on-going formation for their personal and spiritual development and for their charitable work; Encouraging and motivating sisters to become agents of change as they seek to transform unjust structures and to promote reconciliation,. Encouraging leadership styles that enhance collaboration, consensus-building, networking and team-building. Helping sisters develop the necessary skills to enable them to access up-to-date information on current affairs and JPIC issues,. Sharing of resources in a spirit of mutuality. REVIEW AND ACHIEVEMENTS Review of Activities 1st April 2023 to 31 March 2024 The trustees consider that, the main objectives of the charity have been met by the sisters and that much good work has been carried out for the benefit of the general public. The trustees acknowledge that prayer plays a large part in the lives of the sisters and underpins their charitable works. The sisters continue to inform and educate themselves and endeavor to bring their wisdom and experience to activities, many of which have been carried out by Zoom,. a consciousness of justice, peace and the integrity of creation permeates what they do in their efforts to build up right relationships in church and society. Parish involvement, advocacy and concern for the poor and needy often make demands well beyond the call of duty. The trustees are satisfied that the objectives of the charity's mission have been carried out. st HISTORY OF THE ENGLISH MISSION SINCE 1912 We have commissioned an informal history which will cover the period of the St Louis Mission work in the UK for the past 110 years. The Sisters are currently being interviewed to compile a record of their memories and research is being done on our archival material. We expect the history to be published by September 2024.
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT 'Our Story, a collection of past memories and recollections of an era in the early history of the English Region, put together by Sisters Louisa Poole and Mary Jo McKeefry, as part of the legacy of the English Region was published in 2023. Jpic/pASTORAL WORK Lesson on archiving materials from the work in Kalayaan.
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT At St Gabriel's parish preparing for lunch. uoit UNIO
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT Registration for the literacy Classes at Unite. Margaret with group attending course with Solicitor. IL4 Enjoying a day at the seaside in August. GOVERNANCE/ PUBLIC BENEFIT The sisters continue to live out the charism, Sint Unum, and so, bring about the founderfs vision of a world healed, unified and tr(7n5formed. The direction is focused by the work of Institute Commissions on Strategic Planning, Climate Justice, and Finance & Investments.
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT The trustees continue to carry out their plan to sell vacant properties when Sisters retire to Ireland. A large donation from this fund has been made to the local church to set up two pods to provide accommodation for homeless people, in accordance with The Mission Statement and relevant Institute documents. Another donation was made to the Sisters of Providence to rebuild a school in Madagascar and to feed hungry children there. When a vacant house in Bury St Edmunds was sold the Trustees with the authority of Central Leadership Team decided to donate the proceeds of the sale of the property to small charities which are not government funded as follows- Doctors without Borders IMSFI for their work in Gaza, Vincet d, Paul Society, Pax Christi, Women's Centre in Bury St Edmunds, Voices in Exile- Brighton, Mary's Meals. In view of the fact that all the sisters in the English Mission will be returning to Ireland over the next 6 months, the Trustees decided that the English Mission would finance the living costs of these sisters for the rest of their lives. These funds have now been donated to the Irish Region Leadership Team for this purpose. Smaller donations were made around Christmas time to Crisis and localfood banks. OVERSEAS The English Mission makes a donation annually through the Central Leadership Team (CLTI to the St. Louis Mission in the Tigray area of Ethiopia. Due to the warthe Sisters on mission there have had to move away and the Convent has been damaged so the donation has been given to CLT to renovate and support the Sisters when it is safe to do so. A large donation from the sale of our Convent in Newmarket and school in Bury St Edmunds has been sentto the Central Team to support our Missionary activity in Nigeria and Ghana and Benin as the needs arise. The Central Team will send us a report to inform us on how this donation is being spent. VOLUNTEERING Throughout the year the sisters give time and energy to carrying out the charity's objectives on a voluntary basis for the benefit of the public. Some members in their governance roles are involved in administering the work of the charity. Listening to those in need and in general parish activities,. substantial effort has been invested in the public arena through the organizations in which the sisters are engaged. The hours of voluntary work involved constitute direct benefit to the general public. GOVERNANCE, STRUCTURE AND MANAGEMENT The Institute began it5 work in England in 1912. Currently Sisters are engaged in ministries in the Brighton area and Greater London. The work of the Institute in England is ultimately the responsibility of the Central Leadership Team {CLTI in Dublin. The English Mission is a Community of the Institute linked with CLT and has autonomy in running its day-to-day affairs. This annual report with its accompanying accounts refers to the English Mission of the Sisters of St. Louis, registered as a Charitable Incorporated Organization with the Charity Commission.
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT Trustees are appointed by the Central Leadership Team (CLTI for a specified period of time. The current trustees consist of three members of the English Mission, one of whom is its Treasurer,. the fourth trustee is a member of CLT and the Liaison Person with the English Mission. All trustees, being members of the Institute, are conversant with the life and mission of the Institute, with the ministries and work of the English Mission and the overall issues that it faces. As members of the Institute their living and personal costs are borne by the charity but they receive no remuneration for their services as trustees. Their training is ongoing through reading, consultation and attendance at training events, increasingly by zoom and webinar. The information and expertise gained isshared with the Leaderand the sisters, when appropriate, so that all are aware of their legal obligations. The trustees are ultimately responsible for the policies, activities and assets of the charity. Besides being in contact by telephone and email, they meet regularly now by zoom, to review developments with regard to the charity and its activities and to make decisions. Minutes are taken at all meetings and a copy is sent to the Central Leadership Team and to the Community Leader. When necessary, the trustees seek advice and support from the Central Leadership Team, as well as from the charity's professional advisers including accountants, investment managers, property consultants, solicitors, insurance brokers and actuaries. PROFILES AND RESPONSIBILITIES OF THE TRUSTEES Mary Moran SSL: Treasurer Mary has lived as a Sister of St. Louis for 65 years. She has been committed to education in various ways, as a teacher of Mathematics and Religion for thirteen years in St. Louis Grammar School, Kilkeel, Northern Ireland, and as Head Teacher of the same school for a further eight years. After retirement from school, she trained as a psychodynamic counsellor and worked in private practice as a counsellor and supervisor. For some years she undertook voluntary work with the poor as a member of the Harrow branch of St. Vincent de Paul Society, of which she was treasurer. She was a member of the English Leadership Team for twelve years and has been Treasurer of the charity for over 15 years. She has participated in Trustee Training courses and attended the Provincial Bursars, Conference annually. Philomena Morris SSL Philomena Morris was professed as a Sister of St Louis in 1961. After obtaining her BA degree, she taught in England for two years. From 1967 to 1983 she worked in an A level secondary school run by the Sisters of St Louis in Kumasi, Ghana, where she was head of the English Department. During that time, she also became part-time chaplain to the Young Christian Student Movement. This involved the raising of funds, as well as the organizing and planning of the first ever Pan African meeting of Young Christian Students. As Superior of her local community in Kumasi she was also responsible for finance. In 1983 she began training Wlth the Movement for a Better World. Following work in England she was elected to the International Leadership Team in Rome. She travelled widely, leading meetings in Asia, Africa and the West Indies. She also set up an international finance team to advise on investments, to raise money and prepare budgets. From 1995 to 2001 she was Regional Superior in England and a Trustee of the Sisters of St Louis and she undertook courses in leadership and trusteeship. At the time the work involved re-organisation, sale of property and downsizing in general. Since then, she has held an administrative role in a busy io
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT London parish. for some of that time she combined it with the tasks of Team Leader and Trustee. Although no longer Team Leader she continues to work actively as a Trustee. She is also a member of the Diocese of East Anglia Safeguarding Commission. Margaret Healy SSL Margaret has been a memberof the Institute of St. Louis since 1964 and she is an experienced leader. She served on the English Regional Team for nine years from 1986 to 1995 and on the Central Leadership Team from 1997 to 2003. She was invited by the English Region to take on the role of Regional Leader in August 2004. She has participated in trustee training days and in days organised by the Conference of Religious and JPIC Links Group. Following a General Chapter of the Institute, she was again elected on the Central Leadership Team from October 2009 until August 2015. She is currently a Trustee in the CIO of the English Community. Margaret Healy co-founded a number of organiz ations including the Commission for Filipino Migrant Workers, Waling-waling, Kalayaan, Bahay Kubo la Philippine Housing Association) and Justice for Domestic Workers. Margaret is still available for advice and guidance with Waling-waling since 2018 when the organization was re-established to support migrant domestic workers coming to the UK following the removal of the domestic worker visa in 2012. Having completed courses in employment law, Margaret also helped as a volunteer with Unite the Union on Monday afternoons giving free advice to hotel, restaurant, bar staff and migrant workers; and represented them at their workplace in disciplinary and grievance hearings. In 2017/18, she was involved in the preparations and proceedings of the London Hearing of the Permanent People'sTribunal. She is actively engaged at UK and European level with the ongoing promotion of the work of the PPT. Augustina Agyirey-Kwakya SSL,. Central Leadershlp Team Member Augustina Agyirey-Kwakye made her profession of vows as a Sister of St.Louis in September 1985 and final vows 1993. She obtained a Bachelor of Education in Social Studies and a diploma in Economics in 1994. She taught Social Studies and Christian Religious education in St. Louis Senior High School, Kumasi, from 1994-2006. During this period, she assisted students to read in the church and was a school counsellor and a member of the School's Disciplinary Committee. While teaching, she was elected Regional Treasurer for the Sisters of St Louis, Ghana, from 1998-2004.she then undertook a two month's course in Budgeting and Financial Management to enable her operate effectively in this role. From 2002- 2004, she pursued a Master of Public Administration at the Ghana Institute of Management and Public Administration. IGIMPA) In 2006-2010 she worked in an administrative capacity at The National Catholic Secretariat to set up a travel office for the Ghana Bishops Conference. From August 2010 -August 2012, she studied for a Master of Science in Education at the Duquesne University in Pittsburgh, Pennsylvania, USA. She returned to Ghana in September 2012 and worked in St Louis Jubilee School as headmistress till December 2021.she has taken part in capacity building workshops organised by the Sisters of St Louis in Strategic Management and Documentation. She was elected to the Central Leadership Team of the Sisters of Saint Louis in October 2021 for a term of six years ending October 2027. li
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT MAIN RESPONSIBILITIES OF TRUSTEES To complywith the law and the charity's governing documents and to ensure that the charity is carrying out its purposes for public benefit; To act with reasonable care and skill in the charity's best interests; To manage the charity's resources responsibly and ensure that the charity is accountable. RESPONSIBILITIES WITH REGARD TO THE ACCOUNTS Under Charity Law, the trustees are responsible for preparing the Trustees, Annual Report and financial statements for each financial year. These show a true and fair view of the state of affairs of the charity. In preparing these financial statements, generally accepted accounting practice necessitates that the trustees,. Select suitable accounting policies and apply them consistently,. Make judgements and estimates that are reasonable and prudent; State whether the recommendations of the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements,. Prepare financial statements on a going-concern basis unless it is inappropriate to presume the charity will continue its activities. The trustees are required to act in accordance with the Constitution of the CIO, within the framework of charity law, and in accordance with the policies and procedures of the Institute. They are responsible for keeping proper accounting records, sufficientto disclose at anytime, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under the CharitiesAct 2022, those statements of accounts complywith the requirements of regulations underthat provision. They have general responsibility fortaking such steps as are reasonably open to them to safeguard the assets of the charity; to prevent and protect from fraud and other irregularities. RESERVES POLICY The Charity seeks to maintain reserves at a level which allows it to fund the work and ministries of the sisters. At trustees, meetings the policy is discussed and reviewed in light of financial advice received, and of the global financial situation, including the rising Cost of care. In this way, they try to ensure that designated funds are set aside to provide adequate care for sisters in retirement, old age or ill health. INVESTMENT POLICY The charity holds two investment portfolios which are managed by Charles Stanley & Company Limited and Brewin Dolphin Ltd. The brokers operate within specific guidelines and ethical criteria set by the trustees and these are revisited and examined on an ongoing basis. The trustees review the performance of the portfolios and the charity's investment strategy at regular intervals and take appropriate action. 12
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT RISK MANAGEMENT In line with the requirements for trustees to undertake a risk assessment exercise and give an account of this in their annual report, the trustees have looked at the risks the Institute faces in England and have reviewed the measures already in place to deal with them. The trustees have identified four main areas where risks may occur: Governance and Management looks at the risk to the Institute or charity of lack of direction or care or management skills,. or of inappropriate use of resource Operational considers the risk to the charity of engagement in inappropriate activities by its membership, difficulties with staff, unsuitable or poorly maintained buildings, inadequate Health & Safety or disaster recovery policies. Financial reviews the risks arising for the charity as a result of diminishing income, fraud and inappropriate investment policies. Environmental, external and compliance looks at the effects for the charity of an ageing membership, adverse publicity, non-compliance with the law, changes in Government policv and safeguarding issues. Having assessed the major risks to which the charity is exposed, the trustees believe that by monitoring its adherence to constitutions, Chapter documents, Institute policies and charity objects; by ensuring that controls exist over key financial systems; and by examining the operational, legal, safeguarding and other risks faced by the charity, they have established systems and safeguards to mitigate those risks. PROTECTION OF CHILDREN AND VULNERABLE ADULTS The trustees recognise the absolute necessity of ensuring the protection of all those the charity serves. The charity takes seriously a One-church Approach and works in compliance with the guidelines of the Catholic Safeguarding Standards Agency ICSSA}; the trustees are committed to implementing and carrying out all their policies and procedures. To this end, the charity has become unaligned with the Diocese of East Anglia and has drawn up a contract with the Religious Life Safeguarding Service, which will assist with advice, training and administration of safeguarding matters. Where necessary, sisters and staff have recently updated Disclosure and Barring Services Certificates. One sister from the Mission acts as Safeguarding Lead, while another was until recently a member of the East Anglian Diocesan Safeguarding Commission. The Community Leaderand Safeguarding Lead have been fully involved in ongoing discussions concerning the implementation of the One-church Approach to safeguarding by religious charities. The trustees have been kept informed and have been consulted whenever decisions needed to be made. PUBLIC BENEFIT The trustees have consulted the guidance made available by the Charity Commission for England and Wales on the Public Benefit requirement of the Charities Act 2022. They are confident that they have complied with their duty under the relevant section of the Charities 13
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT Act 2022 in that they have had due regard to public benefit guidance published by the Commission. The trustees have given details of the activities and achievements of the sisters in previous paragraphs which indicate the seriousness with which they adhere to this guidance. These works include caring for the elderly within the Mission; the provision of spiritual and pastoral ministry within local communities. They also include charitable donations to the Institute's overseas mission and leadership projects, and donations to non-government funded charities in the UK, that come within the remit of the St Louis Mission Statement. FUTURE VISION The Community Leader and trustees will work in cooperation with CLT to see that the directions of the General Chapter 2021 are implemented as required. The trustees will continue to follow the schedule originally outlined in the charity's Strategic Plan with regard to the disposal of property surplus to requirement and the seeking of professional advice about patrimony. Arrangements are underway to produce an informal history of the Sisters of St Louis in England since 1912. Following the resignation of the Financial Administrator, Elieen Head, the position has been filled part-time by Sangeeta Rabheru who also works part- time as a Financial Controller in Northwick Park Hospital. It is planned that all the Sister5 will have returned to their homeland by the end of 2024, measures continue to be put in place to ensure they are supported in making this transition in their old age. The Trustees, having followed legal advice have transferred the funds estimated to cover the cost of care in Ireland over the next 10 years. The investments with Charles Stanley and Brewin Dolphin will remain and be managed in the UK, the Trustees will return annually to meet with the Investment Managers and the Auditor. They are confident that the finances of the CIO are in a healthy condition as the Auditor's financial report shows. Sister Blanaid, keeping connected with Sisters Roisin and Carmel after their transfer to Ireland. 14
ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO TRUSTEES, REPORT EMPLOYEES AND MEMBERS OF THE INSTITUTE The Trustees wish to record their recognition of the professionalism and commitment of their staff and the individual members of the Institute. Their dedication and positive approach are very much appreciated. Signed on behalf of the Trustees Trustee Approved by the Trustees on 15
The English Mission of the Sisters of St. Louis CIO Auditors, Report Independent auditors. report to the Trustees. ot the English Mission of the Sisters of St Louis We hLlve audited the financial %tatement% of the Engli%h Mission of the Si%ter% of St Loui% for the year ended 31 March 2024 which compri%e the Statement of Financial Activitie%, the Balance Sheet, Statement of ca%h flow% and the related note%.The financial reporting framewi)rk thdt ha% been applied in their Prep11()n IS dppIiLdhle Idw and United Kiiigd()m ALL()unting Standd%, inLluding FindnLial 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 %tatement%'. give a true and fair view of the %lale of the Lliarity'% affaips a% ai 31 March 202.3 and of it.% inc()mie.% and expenditure f()r the year then ended; have been properly prepared in accordance with UK Generally Accepted Accounting Practice; and have been properly prepared in accordance with the requirements ot the Charities Aet 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our respoii%ibilities linder tliose 5t<indard% are further desLribed in the Auditor's respoiisibilities for tlie audit of tlie aLLounts section of our report. We are independeni of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S EthiLal Standard, and we have fulfilled our other ethiLal responsibilities in iiLLordanLe with these reqiiireimenls. We believe that th¢ audii evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Lonelusions relating to going Concern Iii duditingy the finaiiLial %tatenienl%, we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation of che financial %LaL¢menis is appi'opriale. Ba%ed on ihe work we huve perforined, we huve not identified uny material unLertuinties relating lo events or Londitions thul, individually or colleclively. may casl significant doubl on ihe CIO'S abilily lo conlinue as a going concern for a period of al leilst 12 months from when the finunLial slaleinents ure authori.4ed for issue. Our re%'pon%ibililie.4 and ihe re%pon4ibiliiies of ihe Iru.8lees willi respect lo going concern are described in Ihe relevanl seclion.s of thi% repoit. ()Iher infvrmatiun The Ii'u%lee% al'e respon%ible for Ihe oiher information. The other inforinalion LoiMprise% the inforinalion inLluded in ihe reporl and aLLvuni% vihei. Ihan Ihe aLLvulli% and uur audilvr'% report Iliereun. Our upinion on Ihe aLLvunls due% nvl Lover Ihe oiher inloriniilion lind we do not expre%% dny foi-m of assui'dnLe LonLlu%ion Iliereon. In LonneLlion wilh our auiiii of Ihe acLounl.s, our re.spun%ibilily 1% lo read Ihe olher infurmaliun and, in doing $0, con%ider wheiher Ihe oiher infoi-malion 1% malei-ially inLon%i%lenl with Ihe aLLounls or our knowledge obiained in ihe audit oi. uiherwi%e appeal-% lo be Inalerially mi%%l<iled. Il we ideiilify %ULh malerial iiicoii%i%leiicie% or app<ireiil m<ilei-i<il Ini%%lalemei)l%, we are required lu deleriiiine wheiher Iliere is a material IMi%%ldlemenl iii Ihe dLLouiil% or d malerial nii%%laleineiil of ihe oiher iiifoi-malioii. Ir, ba%ed on the woi-k we have pei'foi-med, we coiILlude Ihai ihere i% <1 malerial mi5slalenieiil ol Ihi% olher iiilormalioii, we are required lo reporl Ihal faLI. We have iioihiiiby lo repoi'l iii Ihi% rebyai'd. Matters on which we are required to report by exception We have iioihinby lo repoil iii re%pe¢l of Ihe followiiisv IMallers where the Chdrilie% Alt 2Q I I require.% lo reporl lo you if, in our opinion:_ the infoi'matioii byiveii in the Tru¥lee%' Annual Report ].% i1i¢01isi%leiil iii aiiy material re%pe¢l with the finanLial %lalemenl%; or suffivieiil a¢¢ouiitinbY reLord% have not beeii kept; or the finaii¢idl sldlements are not iii abyreenient with the a¢¢ouiiliiisy re¢ord% and retuni.%; or we have not reLeived dll the inlormatioii and explanali01is we require for our audit. Responsibilities ol, trustees As explaiiied mvi'e fully in the Trusiee%' Resp()n¥ibililies Slalemenl %el (iut oil pa&ye 12, the Trustees are resp()nsible fi)r the preparatii)n ()f fii)ancial slalemenls which give a true and fair view, and for such ii)lernal coi)Irol as the Irustees determine is necessary to enable the pi'epai'¢Lli()n ()f aLCOUllts th¢LI are fl'ee from material mi551¢ilement, whether due to fi'(iud ()r error. In preparing the accounts, the Iruslees are responsible tor assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters I'elated io groingi L()llLern and u5ingi the goingF C()ncern basis of riccounling unless the Iru51ees either intend t() liquidate the charity or lo cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the aLiounts Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free t'rom material misstatement, whether due to fraud or error, and io issue an <iudilor's report that include5 our upini()n. Reasonable ¢155uranLe 15 ¢1 higFh level uf assur(Ince, bul is nul a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can <ifi5e fi'om fraud oi. ei'i'or (ind are Lon5idered m¢lterial if, individu¢illy or in the aggTregJiite, they oould rei150lliibly be expeLled to influence the economic decisions ot users taken on the basis of these accounts. Irregularities, including frciud, (Ire inst(Ince5 of non-compli(Ince with laws and regul(Itions. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our protiedure5 (Ire L¢ipable of detectingT irregularities, including fraud i5 detailed below.. 16
The English Mission of the Sisters of St. Louis CIO Auditors, Report How the audit was con%idered capable of detecting irregularitie% including fraud Our approLlch to identifying and a%%e%%ing the ri%ks of material mi.%.%tatement in re.%pect of irregularities, including fraud and non- compliance with law% and regulations, wa% a% follow%'. the engiigement Partner ensured that the engagenient tedm LolleLtivel}' had the appropriate Lc)InpetenLe, capdbilitie% (Ind %kill% to identify or recognise non-compliance with applicable law% and regulations. we identified the Idw% and regulation% dpplicdble tc) the Charity through di.%¢u%%ic)n.% with management and tru%tee%, and fr()In our k.nowledge and experience ot the charity sector; we fi)ou%ed c)ii %pecifio Idw% aiid regulatic)ii% which we con%idered may have a direcl mdterial effect on the L2CC()iints or tlie activitie% ()f the charity. These included but were not limited lo the Charitie% Act 2011, Accounting and Reporting by Charitie%: Statement ot Re¢()mmended Pr4iCtiLe applicable to charitie% preprfwing tlieir account% in acLc)rdance witli the Fin¢inLial Rep()rling Si¢ind¢ird applicable to the United Kingdom and Republic ot Ireland (FRS 102) (etfeclive l January 2019). and Sateguarding Regulation.% a% they affeet the direct cli£iritable aLlivitie% ()f the charity- and we assessed the extent of compliance with the laws and regulations identitied above through making enquiries of management and those cli£irged with governaiiLe and reviewed niinute5 of triistee5' nieeliiigs. We assessed the susceptibility ot the Charity's tinaneial slalements to material misstatement, including obtaining an understanding of how friiud might OLLur. by: making enquiries of managemeni and trustees as to where they considered there was susceptibility to fraud. their knowledge of actual. LispeLted ctnd alleged fraud; and considering the iniernal controls in place to mitigate risks of fraud and non-compliance with law% and regiilation%. To address ihe risk or rraud through managemenl bias and override of controls. we.. performed anulytiLiil proLedure4 to identify any unusiiul or unexpeLted relution%hips; le8led and reviewed journal enlries lo idenlify unusual Iransaclion.8; lesled ihe uuihorisalioii of expendilure a%%e%%eJ wheihei. judgiemenis and a%8umpiion8 made in determining Ihe accounling eslimales were indicalive of polenlial bias: and inve%ligyai led the ralioiiale behind 4ibFnifiLanl or unusudl Ii-dn%uLlions. In i'e%pon%e lo (he I'i%k of irregiulariiie% and non-Loinplianue wilh law% and regulalions, we designed procedures which included. bul were nol liimiled io.. agreeingi [inanLial %lalemenl Iii%Llo%ure% io underlying %upporiing doLumeniaiion; reading the Ininules of meelings of Iru%lees' and enquiring uf m£inagemeni and irusiee% lo aLlual and poleniial liligalion and claiins. Thei'e are inhereni liniilalion% in our audil proLedure% desLribed above. The more reimoved Ihdl laws and I'egulalion.% are from finanLidl Irill)S<iLliui)%, Ihe le%% likely il i% Ihal we would beLume <iware uf i)oii-LoinpliaiiLe. Audiliiig %laiidard$ 411%0 liinil Ihe audil pfoLedures required io ideiilify noii-LompliaiiLe wilh laws and regulaliulis lo eiiquiry of ihe Iru%lees and oihei. management and Ihe in%peL'lion or regulalory aiid legal corre%poi)dei)ce, if any. Mdleridl mi%%lalemeiili Ihal ari%e due lo (raud Lan be harder lo deleLI than ihose thal arise froin error a.% Ihey may involve deliberale coiILealmeiil or Lollu%ion. A fui'ihei. desLfipiioii of oui. re%poii%ibililie% (or Ihe audil of the aLL()unls is IoLaled on Ihe Finaii¢ial Reporlin&' Coun¢il's website 41 www.frc.org.uklaudilorsrespoiisibililies. Thi5 de5criplion form5 part of our audilor's report. Use of report Thi% repoi'l is made solely to the ¢harily'S Iru%lees, as d body, iii a¢¢ordJn¢e with ¥e¢lioii 144 of the Charitie¥ Avt 2011 dnd with regulations made under section 154 of that Act. Our audit work has been undertaken so that we might State to the charity's trustees those matters we dre required to state to them iii an auditor's report aiid for iio other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work, for this report, or fvi. the upinioii.5 we have foi'med. Borucki & Co CharfLJr¢d A(.'<'(?ui?lunl.s und Siutulciry, Audilur 42 Radnor Road H(Il'l'OW Middlesex HAI IRZ Signed on Borucki & Co is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006. 17
The English Mission of the Sisters of St. Louis CIO Statement of financial activities (incorporating an income and expenditure account) for the year ended 31 March 2024 General fund Designated fund General Designated fund fund Notes 2024 2023 Incoming resource5 VoluJ)lary income: Doi)dtion4 and Ic¥aLic.% Salaries stipends and pension8 Giiesi8 Activlties for generatlng funds: Iiivc4tmcnt ii)Lomc Miscellgneous income Mi8cellaneauq Surplus on sale of aets 4,686 136.439 4,686 136.439 103,403 103.403 110,216 52,608 162,824 111,577 57,917 53,660 2.n87 8,885 2?4,-f y I 2.087 8,88.fj 277.199 3.6n6 68.079 -324.387 3.6n6 68.07LJ ?70.7?7 52,608 Expenditure Raising funds IiivL4lmLiit mana¥er% leeg Properly mdi)d&Tcrs I'ecs Charitable activities: Charitable actlvitles UpkLLp ut coniniuiiitie% Car¢ ot mcmbcrs Donation4 and mi%%ions GoN'LrnancL CO%t% Dctccit on 4dlc ot a%%ct 9,691 12,574 22.265 17,432 7.408 10.024 168,751 1611,751 20.3,05Y 250 244.193 1.3.6.fj3 20.3.05Y 250 3,851.noi 13,()411 3,851.0()I l.l L)40 244.193 4.11.13,6Y2 4,113.1,(792 41)1 1.55 4()11.Yll.f 2511 Total expendliure 4,1143,-187 12,-$74 4,11fj.S L).f 7 4711.-5117 111.274 Incomin% resources less expendlture (3.818,7921 40,U34 13,778.7511) 1154.2110) 1197..fj86) Net gullls (1<)55e5) Investments 88,565 25,tii I 114,376 (269,1111) (111,157) (155,854) Net Income lexpendlturel (3,7.30,2271 65,845 13,664.382) (42.3.211) (.310.743) (112.468) Transfers hetween funds Net mnvement in funds 171.661 1171.663) 1139.0110) 1284.131) (3.730.227) 65,X45 13.()64,3112) 142.1.211) Reconclllatlon of funds Total fund% bri)ught f()rw£ird TrJnNfLrrLd I'n)ni TIIL IiiNlitute of The Sisl¢rs 1)f Si Li)uis Juilly-Mc)ndgihdn Tvtal funds iarri¢d fc)rw¥ird 5.490,960 1.700.733 2,327.553 2,393,.398 7.818.513 4,154,131 8,241.723 7,818.512 5,fi30.11411 9,611.683 .5,491},(J()11 2,.3!7,5.52 The statement of financial activities includes all gains and losses in the ye. All incoming resouires dnd resourceb expended derive from continuing dctivitieb 18
The English Mission of the Sisters of St. Louis CIO Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed assets Tangible a%%et% Inve%imeni% ai market value 892,746 3.041,207 -3,933.953 863,662 2,950,703 3,814,365 io Current assets Debior Cash at bank and in hand 10.104 224,3.56 234.460 19,889 4,0()8,921 4.028.810 Creditors: amounts falling due within one year 12 114,282) 124,663) Net current assets 220,178 4,004,147 4,1.fj4,111 7,818,-fj12 L'apital and reserves UnresitriL'ted fundsb Genei'Jl fund.4 De%igTnuled fund% 1,7611,713 2,3L)3.3C)11 4,1.54,111 5,4l)(1,960 2.327.552 7,14114,-512 Appoved by ihe Trusiee.s aiid %igiied oli Iheir behair Mary Morali Tru%tee Approved by the Trustees on 19
The English Mission of the SRSters of St. LOURS CIO Statement of cash flows for the year ended 31 March 2024 Note 2024 2023 Cash generated in operating activities (3,939,280) (454,069) Cash flows from investing acivities Investment income Proceed.5 of inveslrnenl Siiles Purchases ot investments Ner proceeds on %ale of assets Cash provid¢d (used) in inv¢siing activities 162,824 6.31,125 (660,142) 12.249 101.826 111,577 739,996 (675.922) 240.149 415.800 Increase in cash and cash equivalents in year (3.817,454) 138.269) Movement in year (DeLrea%el inLreuse in Lu.4h at biink Lind in hand (Deci'ea%el increase in ca41i held by inve%lmenl inanagers for re-inveslinenl (3,784.565) 152,14XC)) 11,11.17,454) 181,395) 45.126 A. ReLonLililltion ol, net movement in fundsTr to net L'ush flow Irum operating 21124 2023 Nei income {expendilure) DeduLI iiive%lmeiil iliLonie Add deprecialioii (Profil) loN% on %ale o( assets Add/ldeduLI) nel movemenl on inveslments. InLI'eaie (deLI'ea%e) iii Lredilors (InLrease) deLrease in debiors (3,664,382) (162,1124) (42.1,211) (111,577) 2,3149 (68,Q79) 26l),O I I (12C).730) 4,128 (454,069) (8,11115) (114,376) (10,381) 9,785 (3,939,280) 20
The F.nglish Mission of the Sisters of St. Louis CIO Notes to the Accounts for the year ended 31 March 2024 Accounting policies Accounting convention Tlie account% have been prepared under the hi%torical co%t convention with itein% recognised at co%t or tran%action value unle%% othenvile stilted in the relevant nole(%} lo Ihe%e aecounl4. Tlie finaneial %lalemenl% liave been prepiired in aecordiinee will) Il)e Statement of Recomjnended Practice: Accounting and Reporting by Charitie.% preparing their accounts in accordance with the Fin<incial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) i%%ued on 16 Jiily 2014 and the Financial Reporting Siaiidard applicable in the United Kiiigdoni and Republic of Ireland IFRS 102) and the Charities Act 2011. The Iru81 consiiiuie% a public benetil enlily a% Jet'ined by FRS 10? The Iruslees consider diat tliere are iio Jnalerial uncerlainlies about the Trust's ability to continue as a going concern. Income All inLoine is reLogni%ed once the Lharily has entitlenient lo the incoine, it is probable that the inLoiMe will be received ¢tnd the amouni of incon)e receivable can be measured reliably. Donations. are recognised when the Trust has been notified in writing of both the dnioiiiit dnd setilenienl date. Legacies are recognised on a case by case basis following the granling of probate when the adininislralorlexecutor for the eslale has LoniniuniLated in writing both the uniount und 4eltleiiient dute. Iniere.8l on funds held on deposit is included when receivable and Ihe amount can be measured reliably by ihe charity; Ihis is normdlly upon notifiLulion of Ihe inleresl paid or Piiyuble by the billik. Dividends al'e reLugni4ed once the diviJenJ ha4 been deLlared and nolificalion has been received of ihe dividend due. Thi.s is norindlly upon notifiLalion by oui. inveslineiil advi%oi- of ihe dividend yield iii Ihe inve.%liiienl poi-lfolio. Expenditure Liabiliiie% al'e i-eLO&Tnised as expendilure as soon a.% ihere is a leb7uI or Lonsli-ULlive obli&Talion L'oininillin&' the Lhai-ily lo ihut expendilure, il 1% probable Iliai %eiilenieni will be required and Ihe 411nounl ol Ihe obligyalion Lan be Ineasured reli<ibly. The Losl of generaling funds inLlude% ihe fees paid lo inve%liMenl Imundgers in re%peLI of the Inanageinenl of Ihe L,hdrily's inve%linenl porifolios. Expendilui'e on L,hdrilable aL'livilie% Loinpri%e% direLI expenses inLurred on ihe defined Lharildble purposes of the L,hdrily and inLlude% slafl Lu%1% iillribuliible lo Ihe aLlivily. Goverii&lllLe Lo%II Lompri%e of expeiidilure on LomplianLe wilh and adviLe on Lonslilulional and %lalulory Inallers. As <ill expeiidilure cali be allribuled lo specific Lalegories no 4ipporlioiimeiil belweeii headiiig h41$ been necessary. Irrecoverable VAT is inLluded iii the ilem% of expendilure lo whiL'h il relates. Tangiible fixed assets Freehold land and buildings, iii Ihe main used a.5 privale resideiilial accommodalioii, are included al a valualion based eiiher on a Vdlue e%limaled by the Ii'uslee% or on hisloriLal Lo%l. The Tru%lees do iiol ¢on%ider that the expen%e of a professional valualion in order lo asLerlaii) (he separale values of ihe land and buildiiigs is juslified. The buildiiibiS al'e in Voiislaiil use iii furiherdiice of ihe Chdi'ilable objectives aiid are Iaintained lo ¥landard% that en%ure that their residual value is not less than the book value. Buildiiigs are not depreciated, for reason stated, they have a very loi)g useful ecoi)omic life SULh that aiiiiual depreciation would be immdleridl. All assets costing more than £500 and with an expected life ot more than one year are capitalised. Deprecialion is provided at the Ii)Ili)wiiig¥ aiinual I'¢Lles in ()rder l(} write off eJLh J%%el over il% e¥limJled u%eful life: Atter five years plant, equipment, tixtures ai)d tillii)gs wilh a iiet book value of nil are written out of the accounts as in the opinion of the Ti'uslees such a%%el% have a iiegyligyible residual value. Pl<int, equipment, fixtures and filling5 2010 or 250k on cost. Motor vehicles 25% on written down value. Foreign eurreneies Tr(In5<iCtions in foreigyn currencie5 rfire rev()rded at the rate rulingy at the d(Ite of the tr(InS<iLliun. M()net(Iry assets and li<ibilities denominated in toreign currencies are translated at the rate ot. exchange ruling at the balance sheet dale. All dit'ferences are taken lo the profit and1055 aticount. 21
The F.nglish Mission of the Sisters of St. Louis CIO Notes to the Accounts for the year ended 31 March 2024 Investments Inve%tment% are a form of ba%ic financial in%trument and are initially Tecognised at their transaction value and %ubsequently inea%ured ai their t11 ir Vi11ue al The balance %l)eei dale using the clo%ing quoted n]arkel price. The .%lalemenl ot financiiil activitie.% include% Ilie net gains and lo%%es arising on revaluation and di%po%al% througliout the year. The Tru%[ doe% noi aLquire plll option%. derivative% or oil)er Lomplex financial in%trllment%. The Inain forni of financial ri%k faced by the charity is that of volatility in equity niarket% and investinent niarket.% due lo wider economic eondilion%, the aiiilude of inve.%lor% lo inve%lmenl ri.%k, and cliange% in 4enliment concerning eqllilie% and within particular sectors or Sub sectors. All gciin% and lo%%e8 c1re taken lo the Sialemenl of Financial Activities as they arise. Realised g¢iin8 and 1088es on inve8linenl8 are calculated as the differeiice between sales proceeds and tlieir opeiiiiig carrying value or their purchase value if acquired subsequent to the fir%[ day of Ihe financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unreali8ed inve%imeni gain8 and lo%%e8 are Lombined in Ihe Siaiement of Financial Aciivilies. Fund accounting Unreslricted income funds comprise ihose funds which the truslees are free lo use for any purpose in furiherance of the charilable objeLtive.s. Unre.4triLted funds inLlude designuted funds where the trustee.s, ut their disLretion, huve Lreiited &i fund for u .speLifiL purpose. The gyeneral fund Lonipri.4es those monies, whiLh Inuy be used toward% meeting the Lharituble objeLtive% of the Lharity al the di%creliun of Ihe Tru%lee8. The de%ibFlliiled fund4 are rnonies set aside out of greneral funds und de%igTllUted for speLifiL purpose.s by the Trustee.s. Taxation The Lharily i.s u regyj%lered Lhurily and Iherefure i% nol liable fur inLoTne lux or Lorporalion lux on inLoine derived froin ils Lhiiril&ible aclivilie%, a.4 il (alls wiihin Ihe various exempiions available lo regyislered Lharilie Salurles und penslons of members (Teneral rund Deslgnuted I'und (7eneral Deslgnated Yund rund 2024 2023 Salaries Peiisions 4,165 132,274 136,439 4,165 132,274 136,419 1113,41)_3 103,4U3 111_3,41)3 103,403 The salaries and pensions are the earned income of the Members of the Order who have donated it, under gitt-aid, lo the trust. Investment income General fund Designated I'und General Designated fund fund 2024 2023 Dividei)ds and interest from inveslrnenls Bank and other interest Rents 42,895 66,512 809 110.216 52,608 95,503 66,512 809 162.824 97,296 14,281 43,636 53,660 52.608 11.577 53,660 22
The F.nglish Mission of the Sisters of St. Louis CIO Notes to the Accounts for the year ended 31 March 2024 Activities in furtherance of the charity's objectives General fund Designated fund General Designated fund fund 2024 2023 Upkeep of communities Staff ci)%t% Premi%e% Ci)IMmunity cind personal Adininislr£ilion 2,.39.3 -56,620 102,098 7,64n 168,751 2,-39.3 56,6?0 102,098 7,640 168,751 3,175 69.046 115.678 69,046 1.5,678 1.5.160 20.3.0.59 20.3.0.59 Care of aged Sisters Ciire horne fees ctnd per%oniil expenses 500 500 2.50 2.50 2.50 2.50 Governance costs General fund Designuted General Designuted fund fund 2024 2023 Audit fee AcLounianuy fees SoliLilors fees 5,850 7.1120 ,1170 l.l.L)411 5,8.50 4.1511 7,11211 4.150 l l.C)411 Net incoming (outg>oin&i) resources before transyers Thi% 1% %laled afier LliargFing (Lrediling) (Tenernl rund Def>lgnuted ftknnd (Teneral Desl&inated fund rund 2024 2023 Siaff cost Audilors remuneralion ALLounliiig aiid oiher Deprecialion 2,-39.3 5,8511 7,11211 11,783 3,175 5,85(1 4,150 2,389 3,175 5,850 4,150 2,389 5,850 7,1120 11,783 Staff costs and trustees, remuneration 2024 2023 Staff costs during the year were as follows.. Wages and salaries Social security costs 2,393 3,162 No employee earned more Ihan £60.000 per annum (iiicluding benefit8} dui-ing Ihe year ()r in ihe previcius year. No li-u8lee received any remunei-alion or reimbui-semenl of expen8es in re8pecl of Services as a Iruslee during ihe year or in ihe previou5 year. The living expenses of all nienibers of the Order, including Trustees, resident in England are paid from the funds of the Lharily. The average nun]ber of employees, analysed by function was: Nursing and domestic Taxation The CIO, a.8 a rcgi8lci.ed charily, is cxcmpl from laxalion on 11.8 income and gains falling wiihin Seclion 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objcLtives. No tax Lharge ha.8 arisen in the ycar. 23
The F.nglish Mission of the Sisters of St. Louis CIO Notes to the Accounts for the year ended 31 March 2024 Tangible fixed assets Furniture and equipment Freehold land and buildings Motor vehicles Total Cost At l April 2021 Additions Disposals Ai 31 MiirLh 2024 856,494 63,887 920,381 44,230 {47,592) 917.019 (47.592) 60,-52.5 8.56,494 14'urniture and equipment Freehold land and buildings Motor vehicles Total DepreL'iation Ai l April 21)21 Charge for the year On disposals Ai 31 M4ifLh 2024 56,720 11,783 (44,230) 24,273 56,720 (44,2301 24.273 Net book vulue Ai 31 M£ifLh 21124 856.494 115(),41)4 36,252 7,167 892.746 863,661 Ai 3 l MJrLh 21121 10 Invesitments 21124 2023 Listed Investmentli Mdrkei value l Api'il Addili01is ai cost Sule proceeds from disposals aiid traiisfers Gaiii (loss) in year Markei value at 3 l Mai'Lh 2024 Ca%h held by inveslmeiil manag?ers for re-inve8lmenl DLposit in OikoirLdit C'apital ALLount 2,739,6115 3,1173.321 659,.589 675.371 1631,125) (739,996) 114,.376 (26().{I I i ) 2,1482,.525 2,739.685 47,238 100,127 111,444 10.891 3,041,207 2,950,701 Cost of listed investments al 31 March 2024 2,726,888 2,726.888 11 Debtors 2U24 2023 Sundi-y debtors Other debiors 10,104 18,889 1.000 19.889 10,104 12 Creditors: amounts falling due within one year 2024 2023 Patrimony and dowry Sundry creditors Accrual.8 2,062 220 12.000 14,282 10,996 ,667 12,000 24,663 13 Designated funds 24
The F.nglish Mission of the Sisters of St. Louis CIO Notes to the Accounts for the year ended 31 March 2024 At l April 2023 Tn¢c)niing re%ources Utiliseiv At .3 l Miwch reali%ed 2024 Tran%ter% Care Fund Capital fund 1,471,057 856,496 2,327,55_3 52,608 13,237 1,5_16,902 856,496 2,393,398 52,608 13,2_37 14 Analysis of net assets between funds General DesigFnuted fund funds 2024 Tangible fixed assets Current assets Crediiors: amounls falling due within one year 1,657,406 2,276,547 117,609 116,851 3,9_33,953 2_34,460 (14,?82) 1,760,733 114,282) 4.154.131 2.393.398 25