THE INSTITUTE OF THE SISTERS OF ST.MARCELLINA CHARITY NUMBER 0211414 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 THE INSTITUTE OF THE SISTER5 OF ST. MARCELLINA INDEPENDENT EXAMINERS REPORTTOTHETRUSTEES Page 2 I report on the accounis of the charity for the year ended 31 December 2022 which are set out on pages 3 to 5. The report is made solely to ihe Charity's Trustees. a5 a body. in accordance with chapter 3 of Part 8 of the Charities Act 2011. My examination has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest e￿ent permitted my law, I do not accept or assume responsibility to anyone other than the Charity and ihe Charity's Trustees as a body, for my examination. for this report or the opinions I have formed. Respertlve responslblllties of trustees and examlner As the chafity'5 trustees, you are responsible lor the prepaiation of the accounts; you consider that the audit requirement ol Section 144121 ol the Charity's 2011 the12011 Act) does not apply. it is my responsibility to State. on the basis of procedures specified in the General Directions Iven by the Charity Commissioners under section 14515llbl ol the 2011 Act, whether particular matter5 have come to my altention. Basls of Independent examlner'$ report My examination was carrled out in accordance with the General Directions given by the Charitv Commissioners. An examination includes a review ol the accountin8 records kept by the charity and a cornparison ol the account5 presented with those record5. 11 also Includes ionsideration of any unusual items or disclosures in the accounts, and seekin8 explanations from you as trustees concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be Tequired in an audit, and consequently I do not express an audit oplnion on the view given by the accounts. Independent examlner's statemenl In connection with my examination. no matter has come to my attention.. al which give5 me feasonable cause io believe that in any maieflal respect the requirements.. i. io keep accounting records in accordance with the Charily'5 Act 2011,. and 2. to prepare accounts which accord with ihe accountin8 records and to comply with the accounting requirements of the Act and wilh the methods and principles of the Statement ol Recommended Praciice- Accounting and Reportin8 by Charities.. 3. have not been met,. o bl to which. in my opinion. attention Should be drawn in order to enable a proper underst3ndin8 of the accounts to be reached. Charles Ellinas Chartered Accountant Independent Emamlrter THE INSTifurE OF THE sisfERS OF ST.MARCELLINA STATEMENT OF FINANCIAL AcfiviTIES FQR THE YEAR ENDED 31 DECEMBER 2022 Page 3 2022 2021 Unre5trirtal Unrestricted Note Incoming resources Fees Grant from Instituto Interna2ionale Bank deposit interest 168.529 42,536 20,000 155 168,684 62.544 Resources expended Religious service Food and drink Household laundry and cleanin8 Insurance Light. heat and water Motor and travellinB Motor vehicle depreciation Medical care Students activities Mana8emeni and tuition Costs Ollice administration Professional lees Examiner's fees Repairs and mainienance General expenses 7,365 6,408 2.013 18.000 18.773 5.466 2.623 465 1,747 2.280 3,753 2.659 1.212 32.354 359 5,030 2,117 444 11.000 13.713 706 277 3,121 2,340 1,116 41,412 105.477 81,276 Net ol incomin8 resources Iresources expended) 63.207 118,7321 Accumulated funds brou8hi lorward 84,872 103.604 Accumulated funds carried forward 148,079 84.872 THE INSTITUTE OF THE SISTERS OF ST.MARCELIINA STATEMENT OF ASSET5 AND LIABILITIES AS AT310ECEMBER 2022 Page 4 Note 2021 2021 Fixed assets Motor vehlcle 7.872 10,495 Current assets Bank current account Bank Deposit accounts Cash in hand 50,420 81.008 9.991 141.419 16.112 60.854 76,966 Le55.' current Ilablllt5es Sundry creditors Net ¢urrent. assets 1.212 140.207 2,589 74,377 Total assets 148,079 84,872 Accumulated funds 148.079 84,872 These accounts were approved by the irustees on july 2023 Sr. Glullana Carrara Trustee THE INSTITUTE OF THE SISTERS OF ST.MARCELLINA NOTES TO THE ACCOUNTS FOR THE YEAA TO 31 DECEMBER 2022 Page S l. Ac¢ountlnB pollcles The principle J¢tounting policie5 which are adopted in the preparatbon of the accounts are set out below. Ba51s of accountln8 These accounts have been prephred under the historical c05t tonvention. and are in accordance with applicable accountin8 Standards and the Siatement ol Recommended Practice 'Accounting & Reporting by Charities. lelfective April 2￿51. Fee Income This income relates to fees from boardin8 and tuition for foreign 51udents. It is accounted for in the account5 when it is received. Investment Income 8ank inleresi is shown 8r055. It is shown in the accounts when il is received. Depreclatlon Fixed as5eis are 5taied at cost less depre¢iation. Depreciation is calculated at rates to wrlte the assets down to thelf Yesidual value al the end ol their anticipated useful life. the rates used are as follows.. Motor vehicle 25% on book value Z. Flxed a55ets Motor vehlcle Total C05t Opening Additions 10.49S 10.495 10.495 10,495 Depreclation Opening Charge for year 2.623 2.623 2,623 2,623 Net book value 3112 2022 7,872 7,872 Net book value 31 IZ 2021 10.495 10,495 **To** ## **Trustees' Annual Report for the period** Period start date Period end date 01 01 2022 31 12 2022 **From** ## Section A Reference and administration details **Charity name** THE INSTITUTE OF THE SISTERS OF ST. MARCELLINA **Other names charity is known by Registered charity number (if any)** 211414 **Charity's principal address** 6 Ellerdale Road N/A Hampstead London **Postcode NW3 6BD** ## **Names of the charity trustees who manage the charity** **Name of person (or body) Dates acted if not for Trustee name Office (if any) entitled to appoint trustee whole year (if any)** Rev.Giuliana Chair GIULIANA CARRARA 1 Carrara Mrs Angioletta 2 Salvoni Silva Mrs Anna Maria 3 Aurelia Amato Gaudiano Rev.Alejandra secretary 1[st] November 2022 4 Guerrero Mendoza 5 6 7 8 9 10 11 12 13 14 15 16 - 17 18 - 19 20 March **2012** **TAR** 1 **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Trust Deed Type of governing document - (eg. trust deed, constitution) Religious Order How the charity is constituted - (eg. trust, association, company) Appointed by the Sister in charge Trustee selection methods - (eg. appointed by, elected by) You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. March **2012** **TAR** 2 ## **Section C Objectives and activities** The Institute of the Sisters of St.Marcellina has been running the house at 6 Ellerdale Road, London since 1955 to provide foreign students with English language Courses and Accommodation. **Summary of the objects of the charity set out in its governing document** To provide English tuition and Accommodation to foreign School Groups from around the world attending the various schools operated by the Order **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** ## **Additional details of objectives and activities (Optional information)** March **2012** **TAR** 3 You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance After the Covid 19 pause the activity is back as usual with the school groups Coming for one/two weeks of full immersion in the English Culture and Language March **2012** **TAR** 4 Section D Achievements and performance **Summary of the main achievements of the charity during the year** See above ## **Section E Financial review** March **2012** **TAR** 5 ## **Brief statement of the charity’s policy on reserves** ## **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Sr.Giuliana Carrara **Position (eg Secretary,** Chair **Chair, etc) Date** 17/07/2023 March **2012** **TAR** 6 THE INSTITUTE OF THE SISTERS OF ST.MARCELLINA CHARITY NUMBER 0211414 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 THE INSTITUTE OF THE SISTER5 OF ST. MARCELLINA INDEPENDENT EXAMINERS REPORTTOTHETRUSTEES Page 2 I report on the accounis of the charity for the year ended 31 December 2022 which are set out on pages 3 to 5. The report is made solely to ihe Charity's Trustees. a5 a body. in accordance with chapter 3 of Part 8 of the Charities Act 2011. My examination has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest e￿ent permitted my law, I do not accept or assume responsibility to anyone other than the Charity and ihe Charity's Trustees as a body, for my examination. for this report or the opinions I have formed. Respertlve responslblllties of trustees and examlner As the chafity'5 trustees, you are responsible lor the prepaiation of the accounts; you consider that the audit requirement ol Section 144121 ol the Charity's 2011 the12011 Act) does not apply. it is my responsibility to State. on the basis of procedures specified in the General Directions Iven by the Charity Commissioners under section 14515llbl ol the 2011 Act, whether particular matter5 have come to my altention. Basls of Independent examlner'$ report My examination was carrled out in accordance with the General Directions given by the Charitv Commissioners. An examination includes a review ol the accountin8 records kept by the charity and a cornparison ol the account5 presented with those record5. 11 also Includes ionsideration of any unusual items or disclosures in the accounts, and seekin8 explanations from you as trustees concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be Tequired in an audit, and consequently I do not express an audit oplnion on the view given by the accounts. Independent examlner's statemenl In connection with my examination. no matter has come to my attention.. al which give5 me feasonable cause io believe that in any maieflal respect the requirements.. i. io keep accounting records in accordance with the Charily'5 Act 2011,. and 2. to prepare accounts which accord with ihe accountin8 records and to comply with the accounting requirements of the Act and wilh the methods and principles of the Statement ol Recommended Praciice- Accounting and Reportin8 by Charities.. 3. have not been met,. o bl to which. in my opinion. attention Should be drawn in order to enable a proper underst3ndin8 of the accounts to be reached. Charles Ellinas Chartered Accountant Independent Emamlrter THE INSTifurE OF THE sisfERS OF ST.MARCELLINA STATEMENT OF FINANCIAL AcfiviTIES FQR THE YEAR ENDED 31 DECEMBER 2022 Page 3 2022 2021 Unre5trirtal Unrestricted Note Incoming resources Fees Grant from Instituto Interna2ionale Bank deposit interest 168.529 42,536 20,000 155 168,684 62.544 Resources expended Religious service Food and drink Household laundry and cleanin8 Insurance Light. heat and water Motor and travellinB Motor vehicle depreciation Medical care Students activities Mana8emeni and tuition Costs Ollice administration Professional lees Examiner's fees Repairs and mainienance General expenses 7,365 6,408 2.013 18.000 18.773 5.466 2.623 465 1,747 2.280 3,753 2.659 1.212 32.354 359 5,030 2,117 444 11.000 13.713 706 277 3,121 2,340 1,116 41,412 105.477 81,276 Net ol incomin8 resources Iresources expended) 63.207 118,7321 Accumulated funds brou8hi lorward 84,872 103.604 Accumulated funds carried forward 148,079 84.872 THE INSTITUTE OF THE SISTERS OF ST.MARCELIINA STATEMENT OF ASSET5 AND LIABILITIES AS AT310ECEMBER 2022 Page 4 Note 2021 2021 Fixed assets Motor vehlcle 7.872 10,495 Current assets Bank current account Bank Deposit accounts Cash in hand 50,420 81.008 9.991 141.419 16.112 60.854 76,966 Le55.' current Ilablllt5es Sundry creditors Net ¢urrent. assets 1.212 140.207 2,589 74,377 Total assets 148,079 84,872 Accumulated funds 148.079 84,872 These accounts were approved by the irustees on july 2023 Sr. Glullana Carrara Trustee THE INSTITUTE OF THE SISTERS OF ST.MARCELLINA NOTES TO THE ACCOUNTS FOR THE YEAA TO 31 DECEMBER 2022 Page S l. Ac¢ountlnB pollcles The principle J¢tounting policie5 which are adopted in the preparatbon of the accounts are set out below. Ba51s of accountln8 These accounts have been prephred under the historical c05t tonvention. and are in accordance with applicable accountin8 Standards and the Siatement ol Recommended Practice 'Accounting & Reporting by Charities. lelfective April 2￿51. Fee Income This income relates to fees from boardin8 and tuition for foreign 51udents. It is accounted for in the account5 when it is received. Investment Income 8ank inleresi is shown 8r055. It is shown in the accounts when il is received. Depreclatlon Fixed as5eis are 5taied at cost less depre¢iation. Depreciation is calculated at rates to wrlte the assets down to thelf Yesidual value al the end ol their anticipated useful life. the rates used are as follows.. Motor vehicle 25% on book value Z. Flxed a55ets Motor vehlcle Total C05t Opening Additions 10.49S 10.495 10.495 10,495 Depreclation Opening Charge for year 2.623 2.623 2,623 2,623 Net book value 3112 2022 7,872 7,872 Net book value 31 IZ 2021 10.495 10,495