FMDM CIO Unaudited Annual Report and Accounts 31 December 2024 Charity Registratkin Number.. 1199517
Contonts Reports Reference and administratlV8 details of the charlty. Its tnBtee$ and advisers Report of th8 tnjstees Accounts Statement of financial activities Balance sheet Principal 8ccountlng policies Not8S to the accounts FMDM CIO
Reference and admlnl8tratlve deta118 of the charlty Its trustees and advlsers TTUStegS Sister Lucy Augustlne Sister Jane Bertelsgn Sister Helen Doyle SSsler Helena McEvilly Sister Elvine Msimuko Sister Monica Weedon Congrogallonalloadgr (Superlor G8noral) Sister Jane Bert&l$&n General Bursar Sister Helena McEvilly Admlnlstratlve Addre Ladywell Convent Ashstead Lane Godalmlng Surrey GU7 1ST Charlty Roglstratlon Numbor 1199S17 Accounlanl Buzzacott Audit LLP 130 Wood Streat London EC2V 6DL Bankèrn National Westminster Bank plc PO Box 299 High StT¢o1 Guildford GU13ZU Sollcltors stone King LLP Upper Borough Court Upper Borough Walls BA1 1RG FMDM CIO 1
Report of the trustees Year ended 31 Decernr 2024 The tnjstees present their annual report together with the accounts of the FMDM CIO (the 'charity'l for tt)e year ended 31 Dècember 2024. The accounts have been prepared in accordance with the accounting policies set out on page 7 of the attached accounts and compty with appllcable United Kingdom A¢¢ounting Standards (Unlted Klngdom Generally Accepted Accounting Practice). The principles sel out in Accounting and Repx)rting by Charities: Sl8temenl of Recommended Practice 8ppIic8ble to charitses prepafing their accounts in accordance with the Financial Reporting Standard applicab18 in the United Kingdom and Republic of Ireland {FRS 102) have been followed in the preparation of Ihis report and accounts. Objgctives The objectives of the FMDM CIO. as sat out tn its govaming documgn( aro: • $uch lawful charitab19 purposos which advancg the roligious and other charitable work carried on by or with the support of the Franciscan Missionaries of the Divine Motherhood (the Congregation)-, and the advancement of the Roman Catholic religion in accordanc8 With the principles of the worldwide Franciscan mission to include. tAJl not Ilmited to, the Congregation's charism, In such ways as the trnstees wlth the approval of the COnggabonal Leader shall from tim8 to tim8 think fft. In setting the charity's objectives and plannlng Its actwitles. the trustees have gfven Careful Conslderatlon lo the Charity Commission's gen8ral guidance on Publ benefit. A¢tlvftlg3 and pgrfonnanco The chadty had no acthltles and hence no Income or expendituro in the year ended 31 Decembar 2024 or In th8 ¢omparatNe peri¢xJ. The entity has remained dormant since its creation. Future plans In du8 course, thg FMDM CIO will continue certain aspects of the work of its predecessor charity. the Franciscan Missionaries of the Divine Motherhood Charttable Trust (charity registration number: 232098). Relevant pollcles ReseThes pollcy In due course, th8 trustees will examine the need for free reseNes, i.e. thoge unrestrcted funds not invested In tangible red assets, designated for specific purposes QT olheTwise ¢omrnitted. As the charity had no activities In the year ended 31 December 2024, there weTr £nll reserves at the balance sheet date. FMDM CIO 2
Report of the trustè•9 Year ended 31 December 2024 Governanc•, structure and manag•m&nt Trustees The Superior General of the Congregation. the First Councillor, Iwo other General Councilloys and Iwo other sisters are currently the Trustees. They efisure that they attend trustee training days throughout their term as trustees. Where the trustees and members of the General Council do not have th& relevant Skills. advlce 18 taken from professlonal advisors and advisers. There is a system of accountability w((hin the Congregation to ensure that the Superfor Gener81 and her Council are fully aware of the progress and development of the ministries carried out by the Sisters of the Congregation. Trustees, responslbllitles statement The trustees are responsible for preparing the tnjstees. report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Th8 law applicable to charities In England and Wales requires the trustees to prepare accounts for each financial year which giv¢ a trug and fair view of the state of affairs of the charty and of the income and expenditsjre of the charity for that period. In preparing these accounts, the trustees are required to: select suitable accounting policies and then appty them consist8ntty', observe Ihe methods and principles in A¢counting and Reportlng by Chariti8s'. Statement of Recommend9d Practice applicab191o charitlgs prgparing th8ir accounts in aOrdanC with the Financial Reporting Standard applicable in the Unf(ed Kingdom and Republic of Ireland IFRS 102).. rnake judgements and eslmales that are reasonable and prudent; state wh8th8r applicable United Kingdom Accounting Standards have been followed, subject to any malarial departures disclosed and explained in the accounts., and prepare the accounts on the golng concem basls unless il is Inapproprrate lo presume that the ¢hartty will ¢ontinue in opératlon. The trustees ar8 responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the ffinancial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the relevant Charity (Accounts and Repts) Regulations and the provisions of th8 chariVs constitution. They are also resK)onsible for safeguarding the assets of the Gharity and henre for taking reasonable steps for the prevention and detection of fraud and other irregularities. Structure and managementrnporting In due course. the day-taY management of the charity's activrties. and the Implementation of policies, will be delegated to the appropriate members of a Committee or senior staff. FMDM CIO 3
Roport of tho trustges Year ended 31 December 2024 Rislt management The charity undertook no activities during the year ended 31 December 2024 and does not plan on undertaking actmlies during the year endin9 31 December 2025. The Trustees will meet to assess the princlpal rlgks to the charfty prlor lo the commencement of activiti8S. Approved by and signed on the behatF of the trustees: TNslee Approved by the tw$tee$ on.. S VKY 2015 FMDM CIO 4
statsment of flnanclal actlvltles Year ended 31 December 2024 1 July Ywto 31 202210 31 D8umb8r D$eembgr 2024 2023 Total Incom• Tot•1 oxp•ndlturo N•t Incom• and n•t mov•m•nt In funds ft¥r th• y•ar R•concSllatlon of funds Total lunds brought foTh¥ard Totsl funds ¢arri8d foThYard Thè charty was dormant duriThJ th8 abové tsyo financial periods and roctivad no incomg and incurred no expenditure. The charity had no recognised gains and losses during the above tsvo financial periods and therefore no separate statement of total recnISed gains and losses has been presented. FMDM CIO S
Balan¢0 $hggt 31 December 2024 As there has been no activity from the date of incorporation {l.e. 1 July 20221 to 31 December 2024, Ihe charity had no assets or liabiliti8s at 31 December 2024. Approved by the trustees and signed on their behalf by: Trustee Approved on: FMDM CIO 6
Prln¢lpal accountlng poli¢103 31 December 2024 The principal accounting policies adopted. judgements and key Sources of estlmation uncertainty in the preparation of the arxounts are laid out below. Basts of prnparatlon These accounts have been prepared forthe year ended 31 December 2024 with ¢ornparatNe informalion provrded in respect of th8 period 1 July 2022 to 31 December 2023. The accounts have been prepared uThJer the historical cost convention with items recognised at cost or transaction value unless othenviye staled in the relevant accounting policies below or the notes to these accounts. The accounts are presented in sterflng and are rounded to the naar8St pound. The accounts have been prepared in accordance with kwunting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republlc of Ireland Icharltlès SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Tha charity constitutes a public benefft entity as defined by FRS 102. Assossment of going concern The truste8s have assessed whether the use of tho going conc8m 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 tnjstees of the charity have concluded that there are no material uncertalnti&s related to events or conditions that may ¢ast slgniftcant doubt on the abillty of the charity lo continue as a going concem. Th8 trusl88s ar8 of thè opinion that the charity will have sufficient resources to meet its liabilities as they fall due. Crltlcal accountlng 08tlmates and area8 of Judgem8nt Other than Ihe assessment of going coneern. the preparation of the a¢counts did not r8qU the trustees to make any significant judgements or eslimatss. Cash flow slatement The accounts do not inelude a cash flow statement because the charty, as a small reporting entity, is exempl frorn the requirement to prepare such a statement under the Charities SORP {FRS 102) Upmlate Bulletin 1. Income recognltlon Income is recognised in the period in which the charity has entitlement to Ihe income. the amount of income can be measured rellably and it 5$ probable that the Income wlll be received. Expondllure recognltlon Liabilllies are recognised as expenditure as soon as there is a legal or constructive obligatlon committlng the chartty to makg a payment to a third party. it 1$ probable that a transfer of economic benefits will be required in settlgment and Ihe amount of the obligation can b8 measured reliably. FMDM CIO 7
Notè to thg accounts 31 December 2024 1 Staff costs, romunèration of trustses and related party transacllons During year ended 31 December 2024 the charlty employed no staff and therefore Incurred £nil sLqff costs. The trustees received no remuneration during the perfod. There were no related paty transadons requiring disclosure during the period. 2 Taxation The FMDM CIO is a registered charty and therefore is not liable to in¢ome tax or ¢orporation tax on Income derived from ils charitable actNities, a5 it falls within the various exemptions available to re9lStered charities. FMDM CIO