REGISTERED CHARITY NUMBER". 225925 MISSIONARY SISTERS OF THE GOSPEL REPORTOFTHE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 J T Thomas & Co Chartered Accountants 9 Chestnut Court Parc Menai Bangor Gwynedd LL57 4FH
MISSIONARY SISTERS OF THE GOSPEL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trugtees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 5t09 Detailed Statement of Fin3nci31 Activities Iotoll
MISSIONARY SISTERS OF THE GOSPEL REPOR T OF TH E TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees pregent their report with the fin3nc131 st3tèments of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.- Statement of Recommended Pr3Ctice applicable to charitie% preparing their accounts In accordance with the Fin3nci31 Reporting Standaid 3pplicable in the UK and Republic of Irel3nd IFRS 1021 (effective l J3nu3ry 20151. OBJECTIVES AND ACTIVITIES Objectives and aims Such charitable purposes as 3dv3nce the religion and other charitable work as the trugtees think fit and In particular to Imitate the life of the $3viour by teaching and nursing for no financi31 reward. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The Charity Ig controlled by Its governing document, a deed of trust, and congtituteg an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 225925 Principal address Bryn Hyfiyd Longford Road Holyhe3d lgle of Anglegey LL65 ITR Trustees Sister M Kelly Sister M M Higginboth3m Sister M M Richards Sister S M He3ly Independent examiner J T Thomas & Co Chartered Accountants 9 Chestnut Court, Parc Menai Bangor, Gwynedd LL57 4FH Approved by order of the board of trustees on and gigned on Its behalf bv. Sister M M Richards Trustee Page I
INDEPENDENT EXAMINER'S REPOR T TO THE TRUSTEES OF MISSIONARYSISTERS OF THE GOSPEL Independent examiner's report to the trustees of Missionary Sisters of the Gospel I report to the charity trustees on m¥ examination ol the accounts of ihe Missionary Sisters of the Gospel Ithe Trust) the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees ol the Trust YOU are regponsible for the preparation of the accountg In accordance with the requirements of the Charities Act 20111'the Act'l. I report In respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my èxamination I have followed 3113pplicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my ex3min3tion. I confirm that no material matters have come to my attention In connection with the examination giving me cause to believe that in any material respect-. accounting record5 were not kept in respect of the Trust a5 required by Section 130 Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and content of 3ccount% set out in the Chaiitieg (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a true and f31r view which is not a mattèr considered as part of an Indepèndentex3mination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accountg to be re3ched. J TThomas & Co Chartered Accountants 9 Chestnut Court Parc Menai Bangor Gwynedd LL57 4FH Date.. Page 2
MISSIONAR Y SISTERS OF THE GOSPEL STATEMENT OF FINANCIAL ACTIVITIES FOR THEYEAR ENDED 31 DECEMBER 2024 2024 Unrestricted fund 2023 Tot3llund5 Motes INCOME AND ENDOWMENTS FROM Donations and legacies 41,982 53,954 Prolii on disposal ol asseti Investment Income 1,271 2,203 6,511 Total 45,456 60,465 EXPENDITURE ON Raising fund5 CHARITABLE ACTIVITIES The Convent 68,591 52,957 Other 1,368 1,272 Total 69,959 54,229 Net gainslllossesl on invesiments 564 1,614 NET INCOME/IEXPENDITUREI 123,9391 7,850 RECONCILIATION OF FUNDS Total funds brought forward 335,082 327,232 TOTAL FUNDS CARRIED FORWARD 311,143 335,082 The notes form pari ol these financial statements Page 3
MISSIONARY SISTERS OF THE GOSPEL BALANCE SHEET AT31 DECEMBER 2024 2024 2023 Unrestricted fund Tot31 funds Notes FIXED ASSETS Tangible assets 16,112 4,236 CURRENT ASSETS Investmènts 272.721 22,311 303,382 27,464 Cash at bank and in hand 295.032 330,846 NET CURRENT ASSETS 295,032 330,846 TOTAL ASSETS LE55 CURRENT LIABILITIES 311,143 335,082 NET ASSETS 311.143 335,082 FUNDS Unregtricted funds 311.143 335,082 TOTAL FUNDS 311,143 335,082 The fin3nci31 Statements were approved by the Board of Trustees on.................and were signed on Its behalf by. Sister M M Richards Trustee Sister S M Healy- Trustee The notes form part of these financial statements Page 4
MISSIONARY SISTERS OF THE GOSPEL NOTES TO TH E FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The fin3nci31 Statements of the charity, which Ig a public benefit entity under FRS 102, have been preparèd In acctsrdance with the Charities SORP IFRS1021 'Accounting and Reporting by Charities. Statement of Recommendèd Practicè applicable to charities preparing their accounts In accordance with the Financial Reporting Standard 102 'The Fin3nc131 Reporting Standard applicable in the UK and Republic of Irel3nd' and the Charities Act 2011. The financial statementg have been prepared under the historic31 cost convention. Income All Income is recogniged In the Statement of Fin3nci31 Activities once the charity has entitlement to the funds, It Is probably that the Income will be received and the amount can be measured reliablv. Expenditure Liabilities are recogniged as expenditure as soon as there Is 3 legal or constructive obligation committing the charity to that expenditure, it is probable that 3 transfer of economic benefit% will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate 311 cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on 3 basis consistent with the use of resources. Tangible lixed assets Depreciation Is provided at the following 3nnu31 rateg In order to write off each asset over its estimated useful life. Motor Vehicles -25/0 on reducing balance Taxation The charity Is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for P3rticul3r restricted purposes. Further eKp13n3tion of the nature and purpose of each fund is inclLJded in the noteg to the financial gtatements. The notes form part of these financial statements Page 5
MISSIONARY SISTERS OF THE GOSPEL NOTES TO THE FI NANCIAL STATEM ENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENT INCOME 2024 2023 Other Investment income 5,626 885 Depogit account interest 2,203 2,203 6,511 RAISING FUNDS Investment management Costs 2024 2023 Support costs TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remunerètion of other benefitg for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no trustees, expenses p31d for the year ended 31 December 2024 nor for the year ended 31 December 2023. The notes form part ol these fin3nc131 statements Page 6
MISSIONARY SISTERS OF THE GOSPEL NOTESTOTHE FINANCIALSTATEMEMTS CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies Profit on dispos31 ol asset Investment income 41,982 1,271 2,203 Total 45.456 EXPENDITURE ON Raising funds Charitable activities The Convent 68,591 Other 1,368 Total 69,959 Net Eainslllossesl on investments 564 NET INCOMEIIEXPENDITUREI 123,9391 RECONCILIATION OF FUNDS Total funds brou2ht forward 335.082 TOTAL FUNDS CARRIED FORWARD 3LI.L43 TANGIBLE FIXED ASSETS Motor Vehicle5 COST At l January 2024 Charge lor year Disposal At 21 December 2024 32,894 16,500 14,895 34,499 DEPRECIATION At l January 2024 Charge lor year Disposal At 31 December 2024 28,658 3,995 14,266 18,387 NET BOOK VALUE At 21 December 2024 16,112 4,236 At 21 December 2023 The note5 form p3rt ol these financial Statements Page 7
MISSIONARY SISTERS OF THE GOSPEL NOTES TO THE FI NANCIAL STATEM ENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 CURRENT ASSET INVESTMENTS 2024 2023 Other 272,721 303,382 MOVEMENT IN FUNDS Net movement in At 1.1.2024 funds At 31.12.2024 Unrestritted funds General fund 335.082 123.9381 311,144 TOTAL FUNDS 335,082 123.9381 311.144 Net movement In funds. included in the above are 3% follows. Incoming resources Re50urce5 Gain5 and Movement expended 1055es in funds Unrestritted funds General fund 45.457 169.9591 564 123.9381 TOTAL FUNDS 45.457 169.9591 564 123.9381 Comparatives for movement in funds Net movement At 1.1.2023 funds At 31.12.2023 Unrestritted funds General fund 327,232 7,850 335,082 TOTAL FUNDS 327,232 7,850 335,082 Comparative net movement in funds, included in the above are as follows". Incoming resources Resources Gains and Movement expended 1055es in funds Unrestricted funds General fund 158,2411 1,614 64,477 7,850 TOTAL FUNDS 158,2411 1,614 64,477 7,850 The notes form part of these financial statements Page 8
MISSIONARY SISTERS OF THE GOSPEL NOTES TO THE FI NANCIAL STATEM ENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 A current year 12 months and prior year 12 monthg combines position is as follows". Net movement At 1.1.2023 funds At 31.12.2024 Unrestricted funds General fund 327.232 116.0881 311.144 TOTAL FUNDS 327,232 116,0881 311,144 A current year 12 months and prior year 12 months combined net movement In funds, included in the above are as follows. Incoming resources Resources Gains and Movement expended losses in funds Unrestricted funds General fund -12.784 168,3451 65.041 116,0881 TOTAL FUNDS -12,784 168.3451 65,041 116,0881 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. The notes form part of these financial statements Page 9
MISSIONARY SISTERS OF THE GOSPEL DET AILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacie5 6,996 34.586 6,996 Pension Refund5 400 13605 41,982 53,954 Investmenl Income P/L on di5posBI of 855et Other investment income 1,271 5,626 Deposii account interest 2,203 3,474 Tot31 incoming re50urce5 45.457 60,465 EXPENDITURE Charitable artivities Rates and water 2,013 3,273 4,826 1,423 920 1,918 1,917 4,014 J,244 Light and heat Telephone Posiage and statioiierv Maintenance 13,574 1,022 1,864 4,805 3,588 1,316 707 6,963 778 1,786 3,450 1,647 1,90a 537 Motor expense5 Travel Medical Library& Sub5 P3rish & Diocese 783 998 Retreats 2,102 395 3,OS3 777 Leisure Presents 1,967 7,561 2,834 174 973 Food 8,347 2,235 Meals & Accommodalion Subscriptions Household & Small Equipment 4,419 59,567 47.899 Support C05t5 Finance Bank chèrge5 Motor vehicle5 5,029 3,995 9,024 3645 1,412 The note5 form pèrt of these financial staternentS Page 10
MISSIONARY SISTERS OF THE GOSPEL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Governance costs Accountancy and legal fees 1,368 1,272 Total resources expended 69,959 54,229 Net lexpenditurellincome before gains and losses IZ4,5021 6,236 Realised retognised gains and losses Rea115ed gains/llos%esl on fixed asset Investments 564 1,614 Net lexpenditurellincome 123,9381 7,850 The notes form part of these fin3nci31 statements Page 11