Trustees. Annual Report for the perlod 2023 From Section A Reference and administration details Chadty n•m• THE INSTITUTE OF THE SISTERS OF ST. MARCELLINA Oth•r n•mM ¢h•rlty l# known by NIA R•gl•t•r•d ¢harlty numb•r IM any) 211414 Ch•rlty'• prtne11 •ddr• 6 Ellefdate Road ,, H8mpstead l London Po•t¢od• NW3 68D Nam•• of th• charlty tru•tO0• who m•n•g• th• ¢h•rlty Tru•t•• nam• Offlc• lff N•Th af p•r•on lor body) •ntitl•d ITrt tyu•t•* GIULIANA CARRARA Rev.Glull8na Carrafa Mrs Angiol8tt8 SabKJni Silva Chalr Mrs Anna Maria Aurelkq Amato Gaudiano Rev Aleiandfa Guerrero Mendoza 10 11 12 13 14 15 18 17 18 19 20 Name• of th• tnwt•H lor th• Gharlty.11 any. (for •xampl•. •ny ¢u•todlin tru•lo0•) Name Dat•• acl•d 11 not lor who Much 2012
N•mM and addr•A•M of advlMr• (Optlon•l Inforniatlon) of advlwr Nama Addr• Nam• ol chl•f ox•cutlv• or n•m•• of 8•nlor •tsff ffl•mb•r• {Optlonal Inforniatlon) Section B Structure, overnance and mana ement DMcrlptlon of th• ¢h•rlty'• tru•t• Trnst Deed Type ol govemlng document How the charlty 1$ ¢on8tituted Rellglou8 Ofder Trustee selBction m8ilKKIs Appointsd by the Sister In charge You may choos• to indude addltional Infornats'on. where relevant, about.. polickns and procedures adopted lor the indudion and training of tnJstee8'. the charlty's organi6atk)nal 81ructuro and any wider network wlth wh4ch th charty works., relalionshlp wlth any related parties, Irustee8' ¢onslderalk)n ot major risk8 and the $y8tern and procedures to manage them. Section C ectives and activities The Institute of the Slsters of St.Marcellina has been runnlng the house at 6 Ellerda Road. London since 1955 to provide forelgn $tudent8 wlth Englb8h l&nguage Cournes and Ac¢iKnmodation. Summary of th• obJts of I harlty s•t out In Its govomlng document 2012
To provide English tuition arKI ACcMOdatIOn to loren School Group8 from around the world attending the varnus Schools operated by the Ordar Summary olthe maln actlvltl•8 undertakon for th• publlc b•nellt In rnlatlon to th•80 objocts Iln¢lud• wlthln th18 8eCtlon the •l•tutory d•clAratlon that tru•to•• h•v• had r•gard to th• guldanc• 1J8ued by the Charlty Comm1881on on publ1¢ b•nollt) Addltlonal dthll• ot obl•¢tlvM •nd a¢llvlllo8 (Optlonal inlorniatlon) You may choo•• to include further slatemèntg. where relevant. about.. policy on grantmaklng., pol* programme rnbtod Investment., contribulion made by volunleern. Section D Achievements and performance AR M•f¢h 2012
Attendance of the School groups has been g¢)od. The Students come with their own teachers for orth weeks of full ImrnwBlon in the Engllsh Culture and Language Mwch 2012
Section E Financial review M•fth 2012
Section E Financial review 8ri•f 8talom•nt ol th• ¢h•rfty'• policy on r•••rv•• Oetall8 ol •ny fvnd• matorl•lly In d•flclt Furth•r flnanclal r•vlow d•lalh (Optlonal Inlofmatlon) You may ch008• to include additional inlomation, where rebvant aboul.. the charty's principal sources of fund8 (indudlng any fundraising): how expendiluro has 8UPPOrted the key obJgth88 of the charlty.. Investment pollcy and objective8 including any elhical Inve81ment policy adopted. Section F Other optional information Section G Declaration Tho ttu4tg0$ d4Glar• that th•y havo appro¥•d tho trust. feport •bo¥•. 8ignod on b•h•lf of th• ¢TIty,• tru•t••• Slgnaturnl•) Full n•m•f•) Po•ltlon {•9 S•crntaryi Ch•Sr, otc) Sr.GluliAna Carrarn Cha D•to 1810912024 TAR Mwth 2012
THE INSTITUTE OF THE SISTERS OF ST.MARCELUNA CHARITY NUMBER 0211414 REPORT ANO ACC¢)upirs FOR THE YEAR ENDED 31 DECEMBER 2023
THE INSTITUTE OFTHE SISTERS OF ST. MARCEWP4A INOEPENOEpif EXAMINERS REPORT TO ThE TAiISTEES 8e2 I feport on the att¢)unts of the chwtty for the ¥t¥r ended 311)ecefflber 2023 whkh are set out on pa8e5 3 to 5. The report Is m¥de solely to the ChaTftVs Trustees. as a body. In accoftlJncÉwlth chapter 3 01 P•rt 8 of the Charitles Act 2011. My examln•tlon has been undertaken so that I mi8ht ate to t Chwltvs Trustees those matters l am requlred to state to them In In Independeni examlner's report and lor no rfher purpw. To the lulle5t extent prn)ltted my law. I do rKt accept or assume responslblllty to anyone other than the Charity and the Charltvs Twstees as , for my examlnatlon, lor thls report or th• opbnlons I h•b formed. As the charlty'5 tru5te•5. ygu Ire rEsponslblefry the prepor•tlcffj ol the accounts.. you nSIder th•t the audlt r¢qylreftt ol Section 144111 ol the Ch8rllV'$ 2011 the IZOII A¢tl does not apply. It Is my regjonslbllllv to state, on the basls ol pro¢¢dyres specllied In ihe General Dlrectlons ven by the Charlty Commissioners under sertion 14S1511bl of the 2011 ACL whether panicular m•tters h•¥e come lo my attentlon. 111stJ ol Ind•p•nd•nt wffllns f•POrt My examln&tlon was rarrled otsr In accordance wtih ihe Gerleral real$ elven by the Charfty Commissloners. An èxamlnall Includes • revmv of ihe ?c¢ountlry fecords kept by the chartty and a comparlson of ihe accounts presenied woth those records. It Includ¢s con51dentlon ol •ny unusual Items or dlsdosurts In the •c¢ounts. and soektni explanatl¢)ns from you a5 trustee5 ctyi¢emln8 any such Th•tters. The procedures undertaken do not provlde all the evld•nce th•t w¢)uld be required In an audit. Ind consequently I do not express an audlt DniOn on the tW wven by the Kcounts. Ind•p•nd•nt •x•mlnWs rtrt•m•nt In connettion YAtlt my examlnatl)n, no m•tter has con to my •ttentlon: •1 1¢h ilves me reJson¥ble ¢aus• to bellewè th•t In •ny m•tetl•l respe¢¢ the requlrements: l. to keep Keouniini re¢ords In Kcordance wlth the Charlvs Att 2011: and 2. to preparE ac¢ounts whlch accord ¥Ath the accountlni records and io comply wlth the ac¢ountln8 requjrements of the Acl and with the methods and prlnaples ol the Statement ol Re¢omm¢Trded Pr•ctke.' Acc¢)uniin8 and Reportln8 by Charlties.. 3. have not been met: or bl to whl¢h, In myoplnton. attertlon should be dr•wn In order to enable a proper undersundlni ol ihe Iccounts io be rea¢hed. Chltr• Ptr•hk•r•n Ch•rterd C•rtMled Accountsnt Independent Exmlrnr Oat•'. 18th 01 Septffiibw 2024
THE INSTITUTE OF THE SISTERS QF ST.MAftCEWNA srATEMEKf OF FINANCIAL ACTivmES FOR THE YEAR ENDEO 31 OECEMBER 2023 Page 3 2013 Unr•Jtrl¢ted 2022 Unrestrlrted Incomlnl reUrC Fees 8ank depOt Interest 192.647 1,214 193.861 168,529 155 168,684 Resource5 exp•nd•d Reli8lOUS service Food and drfnk Household laundry and deanlng Insurance Ll8ht. heat and water Motor and travelll Motor vehlcle depredatlon Medlcal care Students actlviiles Management and tultlon costs Offlce admlnlstratlafi Prolesslonal lees Examlner's fees Repalrs and m3lntenan General expenses Donatlons to charlttes 8.415 14.609 3.898 7.36S 2,013 18.C 18,773 5.466 2.623 465 1.747 2.280 3,753 2.659 1.212 32.354 359 33,610 7.160 2.058 695 7,055 6.170 7,261 17,069 1,212 47.448 173.260 105.477 Net of Incomlnl resources Iresourtes expended) 20,601 63,207 Accumulated fvnds broulht forward 148,079 84,872 Accumulated funds Cafrled forward 168.680 148.079
THE INSTITUTE OF THE sisfERS OF sr.MARCELUNA STATEMENT OF ASSETS AND UABIUTIES AS AT 31 DECEMBER 2023 Pa8e 4 Not• 2023 1022 Flxed assets Motor h1• 5,814 7,872 Curr•nl ass•ts 8ank turrent account 8ank Oepgslt accounts Cash In hand 41.607 112.223 10.248 164,078 50,420 81.cl 9.991 141,419 L•M: curr•nt Il•bllltl•s Accrya15 Net current assets -1,212 162.866 -1.212 140.207 Totsl as5•ts 168,680 148.079 Accumul*t•d funds 168.680 148.079 These accounts were approved by the trustees on 18th of ¥ember 2024 5r. Gl 1S•n• C•rTar• Trnstee
ThE IN511TiITE OF THE sisfERS OF ST.MARCELLINA NOTES TO THE ACCOUNTS FOR THE YEAR TO 310ECEM8ER 2023 Pay5 l. kcountlni polldes The principle accountlnl polkles whlch •fe adopted In the preparailon of the Unts •re set Ixit below. B•sls ot •c¢ountlni These accounts have been prepafed under th• hb5torkal ¢ost cM¥entlon, and ire In •ccardance wlth gppllcable accountlni stsndards and the SLltem¢nt of Roc¢mmended Pfocllce'kcountln8 & Reporti by Charltles, leffeai¥e April I(1. F•• Iorne Thls Income relates to fees from bo3rdln8 and tuttlon forforth8n students. ft Is •¢counted lor In the accounts when It ts recelved. Investm•nt Income B•nk Interest Is shown Iross. It15 shown In the •¢£ounts when tt15 recelbd. Depredatloft Flxed assets are stated •t Cost less depreclrtlon. Depredatlon l# cakulated at r•testo wrlte th¢ ssets d¢)wn to thelr resldual wdlye at th¢ end of thelr •ntlclpated uselul Ule. Ihe rates used •$ follows: Motor vehlde 25% on book value 2. Flx•d 4sMts Motor •hkl• Total Opening Addlilon5 IOA95 10.495 10.495 10,495 D•prncltlon Openln8 Charye for yeai 2.623 2,058 4,681 2,623 2,058 4.681 Nrt book 1 3112 2023 5.814 5.814 N•1 bpok ¥alu• 3112 2022 7.872 772
THE INSTITUTE OF THE SISTERS OF ST.MARCELUNA CHARITY NUMBER 0211414 REPORT ANO ACC¢)upirs FOR THE YEAR ENDED 31 DECEMBER 2023
THE INSTITUTE OFTHE SISTERS OF ST. MARCEWP4A INOEPENOEpif EXAMINERS REPORT TO ThE TAiISTEES 8e2 I feport on the att¢)unts of the chwtty for the ¥t¥r ended 311)ecefflber 2023 whkh are set out on pa8e5 3 to 5. The report Is m¥de solely to the ChaTftVs Trustees. as a body. In accoftlJncÉwlth chapter 3 01 P•rt 8 of the Charitles Act 2011. My examln•tlon has been undertaken so that I mi8ht ate to t Chwltvs Trustees those matters l am requlred to state to them In In Independeni examlner's report and lor no rfher purpw. To the lulle5t extent prn)ltted my law. I do rKt accept or assume responslblllty to anyone other than the Charity and the Charltvs Twstees as , for my examlnatlon, lor thls report or th• opbnlons I h•b formed. As the charlty'5 tru5te•5. ygu Ire rEsponslblefry the prepor•tlcffj ol the accounts.. you nSIder th•t the audlt r¢qylreftt ol Section 144111 ol the Ch8rllV'$ 2011 the IZOII A¢tl does not apply. It Is my regjonslbllllv to state, on the basls ol pro¢¢dyres specllied In ihe General Dlrectlons ven by the Charlty Commissioners under sertion 14S1511bl of the 2011 ACL whether panicular m•tters h•¥e come lo my attentlon. 111stJ ol Ind•p•nd•nt wffllns f•POrt My examln&tlon was rarrled otsr In accordance wtih ihe Gerleral real$ elven by the Charfty Commissloners. An èxamlnall Includes • revmv of ihe ?c¢ountlry fecords kept by the chartty and a comparlson of ihe accounts presenied woth those records. It Includ¢s con51dentlon ol •ny unusual Items or dlsdosurts In the •c¢ounts. and soektni explanatl¢)ns from you a5 trustee5 ctyi¢emln8 any such Th•tters. The procedures undertaken do not provlde all the evld•nce th•t w¢)uld be required In an audit. Ind consequently I do not express an audlt DniOn on the tW wven by the Kcounts. Ind•p•nd•nt •x•mlnWs rtrt•m•nt In connettion YAtlt my examlnatl)n, no m•tter has con to my •ttentlon: •1 1¢h ilves me reJson¥ble ¢aus• to bellewè th•t In •ny m•tetl•l respe¢¢ the requlrements: l. to keep Keouniini re¢ords In Kcordance wlth the Charlvs Att 2011: and 2. to preparE ac¢ounts whlch accord ¥Ath the accountlni records and io comply wlth the ac¢ountln8 requjrements of the Acl and with the methods and prlnaples ol the Statement ol Re¢omm¢Trded Pr•ctke.' Acc¢)uniin8 and Reportln8 by Charlties.. 3. have not been met: or bl to whl¢h, In myoplnton. attertlon should be dr•wn In order to enable a proper undersundlni ol ihe Iccounts io be rea¢hed. Chltr• Ptr•hk•r•n Ch•rterd C•rtMled Accountsnt Independent Exmlrnr Oat•'. 18th 01 Septffiibw 2024
THE INSTITUTE OF THE SISTERS QF ST.MAftCEWNA srATEMEKf OF FINANCIAL ACTivmES FOR THE YEAR ENDEO 31 OECEMBER 2023 Page 3 2013 Unr•Jtrl¢ted 2022 Unrestrlrted Incomlnl reUrC Fees 8ank depOt Interest 192.647 1,214 193.861 168,529 155 168,684 Resource5 exp•nd•d Reli8lOUS service Food and drfnk Household laundry and deanlng Insurance Ll8ht. heat and water Motor and travelll Motor vehlcle depredatlon Medlcal care Students actlviiles Management and tultlon costs Offlce admlnlstratlafi Prolesslonal lees Examlner's fees Repalrs and m3lntenan General expenses Donatlons to charlttes 8.415 14.609 3.898 7.36S 2,013 18.C 18,773 5.466 2.623 465 1.747 2.280 3,753 2.659 1.212 32.354 359 33,610 7.160 2.058 695 7,055 6.170 7,261 17,069 1,212 47.448 173.260 105.477 Net of Incomlnl resources Iresourtes expended) 20,601 63,207 Accumulated fvnds broulht forward 148,079 84,872 Accumulated funds Cafrled forward 168.680 148.079
THE INSTITUTE OF THE sisfERS OF sr.MARCELUNA STATEMENT OF ASSETS AND UABIUTIES AS AT 31 DECEMBER 2023 Pa8e 4 Not• 2023 1022 Flxed assets Motor h1• 5,814 7,872 Curr•nl ass•ts 8ank turrent account 8ank Oepgslt accounts Cash In hand 41.607 112.223 10.248 164,078 50,420 81.cl 9.991 141,419 L•M: curr•nt Il•bllltl•s Accrya15 Net current assets -1,212 162.866 -1.212 140.207 Totsl as5•ts 168,680 148.079 Accumul*t•d funds 168.680 148.079 These accounts were approved by the trustees on 18th of ¥ember 2024 5r. Gl 1S•n• C•rTar• Trnstee
ThE IN511TiITE OF THE sisfERS OF ST.MARCELLINA NOTES TO THE ACCOUNTS FOR THE YEAR TO 310ECEM8ER 2023 Pay5 l. kcountlni polldes The principle accountlnl polkles whlch •fe adopted In the preparailon of the Unts •re set Ixit below. B•sls ot •c¢ountlni These accounts have been prepafed under th• hb5torkal ¢ost cM¥entlon, and ire In •ccardance wlth gppllcable accountlni stsndards and the SLltem¢nt of Roc¢mmended Pfocllce'kcountln8 & Reporti by Charltles, leffeai¥e April I(1. F•• Iorne Thls Income relates to fees from bo3rdln8 and tuttlon forforth8n students. ft Is •¢counted lor In the accounts when It ts recelved. Investm•nt Income B•nk Interest Is shown Iross. It15 shown In the •¢£ounts when tt15 recelbd. Depredatloft Flxed assets are stated •t Cost less depreclrtlon. Depredatlon l# cakulated at r•testo wrlte th¢ ssets d¢)wn to thelr resldual wdlye at th¢ end of thelr •ntlclpated uselul Ule. Ihe rates used •$ follows: Motor vehlde 25% on book value 2. Flx•d 4sMts Motor •hkl• Total Opening Addlilon5 IOA95 10.495 10.495 10,495 D•prncltlon Openln8 Charye for yeai 2.623 2,058 4,681 2,623 2,058 4.681 Nrt book 1 3112 2023 5.814 5.814 N•1 bpok ¥alu• 3112 2022 7.872 772