## **AUGUSTINIAN SISTERS – ENGLISH PROVINCE** **TRUSTEES’ REPORT AND ACCOUNTS PERIOD ENDED 30 JUNE 2023** Registered Charity Number: 1192252 ## **AUGUSTINIAN SISTERS - ENGLISH PROVINCE** ## **TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 30 JUNE 2023** **REFERENCE AND ADMINISTRATIVE DETAILS** |**TRUSTEES**|Sister Anunziata Bezzina (from 19 September 2022 to 26| |---|---| ||December 2023)| ||Sister Maria Buhagiar (from 15 March 2022)| ||Sister Rachel Ann Frendo (from 15 March 2022)| ||Sister Rita Mangion (from 15 March 2022)| ||Sister Maria Victoria Saliba (from 19 September 2022)| |**PROVINCIAL SUPERIOR**|Sister Rachel Ann Frendo| |**PRINCIPAL OFFICE**|83 Clapham Road| ||The Oval| ||London, SW9 0HY| |**NAMED CORRESPONDENT WITH THE**|Sister Rita Mangion| |**CHARITY COMMISSION**|(see Principal Office address)| |**CHARITY REGISTRATION NUMBER**|1198252| |**GOVERNING INSTRUMENT**|Constitution dated 15 March 2022 and as amended on 22| ||November 2023| |**INDEPENDENT EXAMINER**|Olayinka Tomori| ||Regus House| ||Admirals Park| ||Victory Way| ||Dartford| ||DA2 6QD| |**SOLICITORS**|Judge Sykes Frixou| ||York House| ||23 Kingsway| ||London WC2B 6YF| 1 ## **AUGUSTINIAN SISTERS - ENGLISH PROVINCE** ## **TRUSTEES REPORT** ## **FOR THE PERIOD ENDED 30 JUNE 2023** ## **INTRODUCTION** The trustees present their report together with the accounts for the period ended 30 June 2023. The financial statements have been prepared in accordance with the Charities Act 2011 and the 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) (Second Edition effective 1 January 2019) and comply with the charity’s trust deed. Augustinian Sisters – English Province is registered as a Charitable Incorporated Organisation (CIO) with the charity Commission. _**The charity was established as a Charitable Incorporated Organisation on 15 March 2022. These financial statements cover its first accounting period from 15 March 2022 to 30 June 2023.**_ ## **OBJECTIVES** The Governing Instrument of the Charity, is its Constitution dated 15 March 2022 and as amended on 22 November 2023 state its objectives as follows: _“For such charitable purposes as are exclusively charitable in English law and connected with the advancement of the Roman Catholic religion as the trustees decide. In furtherance of these objects but not otherwise, the trustees shall have power to provide accommodation and retreats, pastoral work in the community by religious sisters and support for the overseas missions of the society.”_ ## **POLICIES AND ACTIVITIES** The Charity was established to continue the activities and receive by transfer, the net assets of the Augustinian Sisters (Charity Number: 256054) under a new legal framework. The activities and net assets from the ‘old’ charity were transferred to this new charity on 1 July 2023. ## **PUBLIC BENEFIT** The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on Public Benefit when reviewing the charity’s aim and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. ## **ACTIVITIES AND FINANCIAL REVIEW OF THE PERIOD** The charity did not undertake any activities during the period. ## **Reserves Policy** At 30 June 2023, the charity had no assets, liabilities or operating activities. The trustees will formulate a Reserves Policy when the charity becomes operational. 2 ## **AUGUSTINIAN SISTERS - ENGLISH PROVINCE** ## **TRUSTEES REPORT** ## **FOR THE PERIOD ENDED 30 JUNE 2023** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Augustinian Sisters - English Province is an international religious order with a branch in Great Britain. The branch is administered by the Mother Superior together with the other trustees. The power of appointing new trustees is vested in the Superior and the trustees administer the Charity. All trustees are drawn from the membership of the religious order. The trustees are responsible for the policies, activities and assets of the Charity. They meet as the need arises, to review developments in connection with the Charity and its activities and to make important decisions. As members of the religious order all trustees are well-versed in the charism, or ethos, of the order and the objectives and activities of the charity. They keep abreast of developments in charity-related matters as appropriate and seek the advice of the Charity’s professional advisors, including accountants and solicitors, as required. The day-to-day activities will be managed by the sisters, some of whom are trustees of the charity. ## **FUTURE DEVELOPMENTS** The CIO charity commenced operational activities from 1 July 2023. There are no plans to make any significant changes to the activities in the new CIO charity. ## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** The trustees are responsible for preparing the Report of the trustees 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 of the charity 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 period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - state whether UK Accounting Standards have been followed subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of the charity’s Constitution. 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. Signed on behalf of the trustees on 15 April 2024 **Sr Rita Mangion Trustee** 3 **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF** ## **AUGUSTINIAN SISTERS** I report to the charity trustees on my examination of the accounts of the charity for the period ended 30 June 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Olayinka Tomori ACA DChA** **15 April 2024** **Longmeade Consult Ltd Regus House Victory Way, Admiral’s Park Kent, DA2 6QD** 4 **AUGUSTINIAN SISTERS - ENGLISH PROVINCE** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE PERIOD ENDED 30 JUNE 2023** The charity did not trade during the period and had no income or expenditure in the period. This is the charity’s first accounting period and consequently, there are no comparative figures accompanying these financial statements. 5 ## **AUGUSTINIAN SISTERS - ENGLISH PROVINCE** ## **BALANCE SHEET** ## **AS AT 30 JUNE 2023** ||Notes||**2023**| |---|---|---|---| |||**£**|**£**| |**CURRENT ASSETS**||-|| |||------------------|| |||-|| |**CURRENT LIABILITIES**|||| |**CREDITORS:**|||| |Amounts due within one year||-|| |||-----------------|| |**NET CURRENT ASSETS**|||-| ||||--------------------| |**NET ASSETS**|||-| ||||==========| |**REPRESENTED BY:**|||| |**Funds**|||| |- Unrestricted General Funds|||-| ||||--------------------| ||||-| ||||==========| Approved by the trustees on 15 April 2024 and signed on their behalf by: ## **Sr Rita Mangion Trustee** This is the charity’s first accounting period and consequently, there are no comparative figures accompanying these financial statements. The accompanying notes form part of these financial statements. 6 ## **AUGUSTINIAN SISTERS - ENGLISH PROVINCE** ## **NOTES TO THE ACCOUNTS** ## **FOR THE PERIOD ENDED 30 JUNE 2023** ## **1. Basis of accounting** The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019), Charities SORP FRS 102 and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). This is the charity’s first accounting period, and it runs from 12 March 2022 to 30 June 2023. ## **Assessment of going concern** The trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. ## **2. Statement of cash flows** The charity is exempt from the requirement to produce a Statement of Cash Flows as it qualifies as a small charity under the requirements of the Charities SORP. ## **2. FUNDS** This is the charity’s first accounting period. The charity did not trade in the period and had no income, expenditure, assets or liabilities over the period. 7