Charity number: 1201690 INSTITUTE OF OUR LADY OF MERCY CIO UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023
INSTITUTE OF OUR LADY OF MERCY CIO CONTENTS Page Reference and administrative detslls of the Charlty. Its Trustee5 and advlse Trustees. report Statement of financial activities Balance sheet Notes to the financial ststements
INSTITUTE OF OUR LADY OF MERCY CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVtSERS FOR THE PERIOD ENDED 31 DECEMBER 2023 Trustees Mary Bernadette Holmes, Trustee (appointed 24 January 2023) Bernadette Patricia Roche, Trustee lappoined 1 September 20231 Lynda Irene Dearlove, Trustee lappoinled 1 September 20231 Ila Christina O'Donnell, Trustee lappointed 1 September 20231 Catherine Christina Groden, Trustee laprK)inted 1 September 20231 Norah Frances Cronin, Tiustee {appointed 24 January 2023, resigned 1 September 20231 Johanna Elizabelh Breen, Trustee (appointed 24 January 2023. resigned 1 September 20231 Barbara Jane Jeffery. Trustee {appoinled 24 January 2023, resigned I September 20231 Lynne Julie Spendelow, Trustee (appointed 24 January 2a23. resigned 1 September 20231 Mary Teresa Mullen, Trustee (appointed 24 January 2023, resigned 1 Seplernber 20231 Charity registered number 1201690 Prlncipal officg The Generalate Convent of Mercy Cemetery Road Ye8don Leeds LS197UR Page 1
INSTITUTE OF OUR LADY OF MERCY CIO TRUSTEES, REPORT FOR THE PERIOD ENDED 31 DECEMBER 2023 The Trustees present their annual report together wlh the financial stslements of the Insticute of Our Lady of Mercy CIO for the peri 24 January 2023 to 31 December 2023. Objectives The Charitable Inccryoraled Organisalion {'CIO'I was dormant during the period and Continues lo be dormant at the dale of approval of the accounts. 11 is the intention to transfer the assets and liabilities ol the InstilLrte of Our Lady of Mercy Charitable Trust Icharty registration number 2905441 to the CIO in 2025. The Trustees of the CIO fulty replice the Trustees of the Charitable Tru81. The objectives are sel out in the CIO Association and mirror those of the existing Charitable Trust. The prinupal objectives are the advancement of religK)n and other charitsble work under the direction of the Institute including, in particular the relief of poverty, the advancement of the Roman Catholic Religion, the advancement of education and the nursing of the sick and poor in England and Wales or anywhere in the world.. or vthich are carried on by a charity having similar objects. Domiant status The CIO was dormant throughl the period. Constitution Inslilule of Our Lady of Mercy CIO is a registered charity, number 1201690, and is conslttuted under a CIO As50cialion. The CIO Association was registered on 24th January 2023 and amended on 30 July 2024. Statement of Trustees Re$pon$ibillties The Trustaes are resrx)nsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Auepted Accounting Praclicel. The law appltcable lo charities in England & Wales requires the Trustees lo prepare financi81 statements for each financial period whh give a true and fair view of the slate of affairs of the Charity and of ils incoming resr0e$ and application of resources, including its income and expenditure. for that period. In preparing these financial stalemenls, the Trustees are required lo.. select suitable a¢counting poli¢ies and then apply them consistently," obseNe the melhcKls and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent,. slate whether appIable UK Accounting Standards {FRS 1021 have been folk)wed. subject to any materral departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless il is inappropriate to presume th the Charty will continue in business. The Trustees are responsible for keeping adequate accounting records that are suffiaent lo show and explain the Charity's Iransaclions and disclose with reasonable accuracy al any time the financial position of the Charty and enable them to ensure that the financial slalements Comply rtth the Charities Act 2011, the Charity {AccoLtnts and Reports) Regulations 2008 and the provisions of the CIO ASs0¢tion. They are also responsible for safeguarding the assets of the Charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 15 October 2024 and signed on their behaw by.. & , Sr Mary Bemadette Holmes Leader Sr Bernadette Patricia Roche Deputy Leader Page 2
INSTITUTE OF OUR LADY OF MERCY CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2023 Total funds 2023 Note Income from: Total income Expenditure on: Total gxpenditure Net movement In funds Reconciliation of funds-. Total funds carried for•iard The entty was domiant during the period. The notes on pages 5 fom part of these financial stalemenls. Page 3
INSTITUTE OF OUR LADY OF MERCY CIO BALANCE SHEET AS AT 31 DECEMBER 2023 Note Flxed assets Investments Current assets Cash al bank and in hand Creditors.. amounts falling due within one year Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds Unreslri¢ted funds Total funds The financial statements were approved and aulhorised for issue by the Trustees on 15 October 2024 and signed on IheiT behalf by.. Sr Mary Bemadette Holmes Leader Sr Bernadette Patricia Ro¢he Deputy Leader The notes on pages 5 fom) part of these financial slalements. Page 4
INSTITUTE OF OUR LADY OF MERCY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 General Infomiatlon The Charitable Incorporated Organisalion is domiant and has received no income and incurred no expenditure in the period. Trustees. remuneration and expenses During the peri(MJ, no Trustees weived any remuneration or other benefits. During the period ended 31 December 2023, no Trustee expenses have been incurred. Page 5