Franciscan Centre Ladywell cio Unaudlted Annual Report and Accounts 31 December 2025 Charity Reglslralion Number.. 1199516
Contsnts Reports Refer&nce and adminislralive details of the tharTty, ils Trustees and advisers Report of the Trustees Accounts Statement of financial activities Balance sheet Principal accounting policies Notes to the accounts Franciscan Centre Ladywell CIO
Reference and administrativ• details of th• charity. its Trust80s and advisers Trustoes Sister Jane Bertelsen Irelired 30 September 20251 Sister Helen Doyle Sister Helena McEvilly Congregatlonal leadèr {Superior Generall Sister Helen Doe General Bursar Sister Helena McEvilly Admlnlstratlve Addre$$ Ladywell Convent Ashstead Lane Godalming Surrey GU7 1ST Charlty Regl$tration Number 1199516 Accountant Buzzacott Audit LLP 130 Wood Street London EC2V 6DL Bankers National Westminsler Bank plc PO Box 299 High Street Guildford GU1 3ZU Sollcltors Stone King LLP UpperBorough Court Upper Borough Walls Bath BA1 IRG Franciscan Centre Ladywell CIO 1
Report of th• Trustèès Year ended 31 December 2025 The Trustees present Ihelr annual report together with the ac¢ounts of the Franciscan Centre Ladywell CIO Ilhe 'charily'l for the year ended 31 December 2025. The accounts have been prepared in accordance with the accounting policies set out on page 7 of the attached accounts and Comply with applicable United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Praclicel. The principles sel out in Accountsng and Reporting by Charitias: Stat&m8nt of R8commended Practice applicabl8 to charities preparing Ihelr accounts In accordance with the Financial R8POrting Standard applicable in the United ngdoM and Republic of Ireland {FRS 1021 have been followed in the preparation of this rèport and accounts. ObJ8ctlvoS The objectives of the Franciscan Centr9 Ladyw&ll CIO. as set out in it5 governing document. are: such lawful charitsble ptJrpos&s which advance thg religious and other charitable work caffied on by or with th9 SLlPPOrt of the Congrggalion- and the advancement of the Roman Catholic religion in accordance with the priwples of th8 worldwide Franciscan mission lo include, bul not limited lo, the Congregation's charism, in such ways as the Trustees with the approval of the Congregational Leadtrr shall from time to time Ihlnk fit. In setting the Charity's objectSves and planning ils acuvilies, the Trustees have glven ¢areful consideration to the Charity Commission's general 9uidance on public benefit. A¢tlvitl8s and p8rfornian The charity had no activities and hence no income or expenditure in the period lo 31 December 2025 or in the comparative perio(J. The entty has remained dom)anl sin¢e its creation. Futur¢ plan$ In due course, the Franciscan Centre Ladywell CIO will perform some of the activities currently undertaken by FMDM Foundation CIO Icharity number 1199520}. Rolevant policias ReseNes policy In due course, the Trust88s will examine th6 n88d for free reserves. i.e. those unrestricted funds not invested in tangible fixed ass8ts, designated for specific purposes or otherwise mmitted. As the charity had no activities in year ended 31 December 2025, there were £nil reserves at the balance sheet dale. Francisean Centre Ladywell CIO 2
Report of the Trustees Year ended 31 December 2025 Governance. 5tructurg and management Trustges The Superior General of the Congregation and the General Bursar are currently the Trustees. They ensure that they attend trustee training days throughout their term as Trustees. Where the Truslegs and members of the General Council do not have the relevant skills, advice is taken from professional advisors and advisers. There is a system of accounlabilty within the Congregation to ensure that the Superfor Goneral and her Council are fu15y awarg of the progress and dgve]opment of the ministries carried out by the Sisters of the Congregation. Trustees'responslbllities stat•m8nt Tha Trustèas are responsibl8 for preparing the Trustees, report and accounts in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Praclicel. The law applicable lo charities in England and Wales requires the Tru51ee5 to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the Sncorne and expènditure of the ¢h8rKy for that peri¢)d. In preparlng these accounts, the Trustee5 are required lo.. select suitsble accounting w)licies and then apply them consi81enlly- observe the methods and principles in Accounting and Ret)orting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance th the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021; makejudgements arld estimates that are reasonable and pwdent.. slate whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts., and prepare the aceounts on the going concem basis unless11 is Inapproprtale lo presume that the charity wll continue in operation. The Trustees are responsible for keeping proper accounting records that disclose wtth reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. the rdevant Charity IA¢¢ounls and Reports) Regulations and the provisions of the charity's constitution. They are also responsiblè for safeguarding the assets of the charity and hence for taklng reasonable sleps for Ihe prevention and dolection of fraud and other irregularities. Structure andmanagementreportlng In due course, the day-to-day management of the charitls acllvlties, and the implementation of policies, will be delggatad to the appropriate members of a Committee or senior staff. Franciscan Centre Ladywell CIO 3
Report of the Trustees Year ended 31 December 2025
Risk management
The charity undertook no activities during the year ended 31 December 2025 and does not plan on undertaking activities during the year ending 31 December 2026. The Trustees will meet to assess the principal risks to the charity prior to the commencement of activities.
Approved by and signed on the behalf of the Trustees:
Helen Doyle
Trustee
Approved by the Trustees on: .- ¥ J�,2o'Zf,,
Franciscan Centre Ladywell CIO 4
Statemènt of financial activities Year ended 31 December 2025 Yearto 31 Dec•mber Yoar to 31 December 2025 2024 Total inc<xn• Total expenditure Net Income and net 0ment In lund$ In th• y•ar R•¢onclllatlon of fvnds Total fund5 brought forward Total funds carried forward The charity was dormant during the above financial years receiving no income and incurring no expenditure. The charity had no recognised galns and losses durlng the at%)Vg financial years and therefore no separate ststemenl of totsl recognised gains and1055e5 has been presented. Franclscan Centre Ladywell CIO 5
Balance sheet 31 December 2025
As there has been no activity from the date of incorporation (i.e. 1 July 2022) to 31 December 2025, the charity had no assets or liabilities at 31 December 2025.
Approved by the Trustees and signed on their behalf by:
Helen Doyle
Trustee
Approved on:
Franciscan Centre Ladywell CIO 6
Prin¢ipal ae¢¢unting poli¢le$ 31 December 2025 The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below. Ba$ls ¢f preparation These accounts have been prepared forlhe year ended 31 December 2025 wlh comparative information provided in respect of the year to 31 December 2024. The accounts have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise stated in the relevant accounting policies b@low or the notes lo these accnIS. The accounts ore presented in sterling and are rounded to the nearest pound. The accounts have been prepared in accordance with Accounting and Reporting by Charities.. statement of Recommended Practice applicable lo charities preparing their accoLJnts in a¢¢ordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 1021. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The charity constrtutes a public benefit entlty as defined by FRS 102. Assessment of golng concem The Trustees have assessed whether the usa of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a period of one year from the date of approval of these accounts. The Trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees are of tho opinion that the charity will have sUfflnI resources to meet its liabilities a5 they fall due. Crltlcal accountlng estlmatos and areas of ludgement Other than the assessment of going ¢onc&rn, the preparation of the accounts did not require the Trustees to make any signfficant judgem8nts or 8Stimates. Cash flow stat•mont The accounts do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the qUirement lo prepare such 8 statement under the Charities SORP (FRS 1021 Update Bulletin 1. Income recognition Income is recognised in the period irb which the charity ha5 entillemenl lo the income, the amount of Income can be measured reliab and il is probable that the income will be received. Expenditur8 recognition Liabilities are re¢ognised as expenditure as soon as there is a legal or conslnjctive obligation committing the charity to make a paymgnl lo a third paty, il is probable that a transfer of economic benef(ts will be required in settlement and the amount of the obligation can be measured reliably. Franciscan Cgntre Ladywell CIO 7
Note to tha accounts 31 December 2025 1 Staff costs. romuneration of Tru5tee5 and related party tTan5actions Dudng the year ended 31 December 2025 and 31 December 2024 the charity employed no staff and therefore incurred £nil staff costs. The Trustees received no remuneration during the year. There were no related paty transactions qUIring disclosure during the year. 2 Taxatton The Franciscan Centre Ladywell CIO is a registered charity and therefore is not liable to income tax or corporation lax on income derived from its charitable activities, as il falls within the variou8 exemptions available lo registered charities. Franryscan Centre Ladywell CIO 8