ANNECY CONVENT Trustees, Report and Unaudited Financial Statements for the year ended 31 December 2024 Charity Number: 232664 ANNECY CONVENT Contents Page Charity information Trustees, Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Accounts ANNECY CONVENT Charity Information Trustees Sr Marie-France Villette Mrjoe Fackler Mrs Carol Gillespie (appointed 3 February 2024) Mr Jonathan Bird (appointed 3 February 20241 Sr Sahondra Marie Angeline Vololoniania {appointed 3 February 2024) Charity number 232664 Address Shalom Convent loa Sutton Avenue Seaford East Sussex BN25 4LA Accountants Swindells Wilson House 48 Brooklyn Road Seaford East Sussex BN25 2DX Bankers Natwest Bank plc 96 Terminus Rd Eastbourne East Sussex BN213LX Solicitors Gaby Hardwicke 33 The Avenue Eastbourne East Sussex BN213YD ANNECY CONVENT Trustees. report for the year ended 31 December 2024 The trustees, present their report and financial information for the year ended 31 December 2024. Legal and administrative information Legal and administrative information is set out on page 2 and forms part of this report. Accounts These accounts have been prepared on a receipts and payments basis. Name and governing document The charity Is registered as The Sisters of Providence of Rouen, charity no 232664, and is constituted by a charitable deed of trust dated 17 October 1962. Trustees The trustees who seNed during the year and at the date of this report are listed on page l. The statutory power of appointing new trustees and removing existing trustees is exercised by the Sister Superior. Objects and actTVities of the charlty The objects of the charity are to advance the religious and other charitable work carried on by or under the direction of the Roman Catholic Order of the Sisters of Providence of Rouen. The Order is committed to the advancement of the Roman Catholic religion and currently part of the charity's buildings are used by the Local Education Authority (East Sussex County Council) as a voluntary aided Catholic Primary School known as Annecy Catholic Primary School. The charity'5 funds are also used to provide for the welfare of the nuns who reside at the Shalom Convent. In planning the activities for the year, the trustees kept in mind the Charity Commission's guidance on public benefit. Investment powers and policy Under the Trust Deed the charity has the power to make any investment which the trustees see fit, provided such investments are not speculative and are of a moral nature. Achievements and performance The trustees consider that the performance of the charity this year has been satisfactory with the funds available. Financial review The charity's reserves are required and mainta ined at a level sufficient to ensure the provision of Catholic Primary School education and the welfare of the nuns who reside at the Shalom Convent. At 31 December 2024 the net assets of the charity, all of which are unrestricted funds, amount to £919,622 12023 £923,578) including cash at bank of £62,526 {2023 - £47,206). Approval This report was approved by the Trustees on .... and signed on their behalf by. Carol Gillespi Trustee Jonathan Bird Trustee Independent Examiner's Report to the Trustees of ANNECY CONVENT I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024. Responsibilities and basis of report As the charit¢s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'}. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}(bl of the Act. Independent examiner's statement I have completed my examination. 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: (l) accounting records were not kept in respect of the charity as required by section 130 of the Act; or 121 the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Melanie Richardson, FCA Swindells LLP Chartered Accountants Wilson House 48 Brooklyn Road Seaford East Sussex BN25 2DX Date: q.q.2= ANNECY CONVENT Receipts and Payments Account for the year ended 31 December 2024 Unrestricted Funds Unrestricted Funds Note 2024 2023 Receipts Gross income 46,268.51 16,282.81 Asset and investment sales 194,737.23 116,201.74 Total receipts 241,005.74 132,484.55 Payments Gross expenditure 154,322.48) 140,382.651 Asset and investment purchases {171,362.651 (91,617.501 Total payments (225,685.131 {132,000.15) Net receipts 15,320.61 484.40 Cash funds brought forward 47,205.71 46,721.31 Cash funds transferred from/lto) investments Cash funds carried forward 62,526.32 47,205.71 ANNECY CONVENT Statement of Assets and Liabilities as at 31 December 2024 2024 Unrestricted funds 2023 Unrestricted funds Note Assets retained for the charity's own use Tangible assets Freehold land and buildings Motor vehicles Computer equipment 310,000.00 10,120.00 259.99 320,379.99 310,000.00 10,120.00 320,120.00 Investments Rathbones Investments 539,191.97 559,372.00 859,571.96 879,492.00 Cash at bank and in hand Current account Diamond reserwe account Deposit account Mission account Sr Marcelline's account Greenbank capital account Greenbank income account Petty cash 3,000.00 10,872.61 399.57 29,341.95 1,808.75 16,917.85 185.59 1,177.48 33,151.47 24.21 2,138.24 10,319.91 383.44 10.96 62,526.32 47,205.71 Current liabilities Other creditors 12,476.001 {3,120.001 919,622.28 923,577.71 The financial statements were approved by the Board of Trustees on behalf by: Zo.Zfand were signed on its Carol Gillespie Trustee Jonathan Bird Trustee ANNECY CONVENT Notes to the Accounts for the year ended 31 December 2024 l Basis of preparation The accounts have been prepared on the receipts and payments basis. 2 Freehold land and buildings Freehold land and buildings are stated at cost. The charity owns the contents of the nuns, living quarters but no value has been included for these assets as the trustees do not consider that the expense involved is justified. 3 Gross income Unrestricted funds 2024 Unrestricted funds 2023 Donations.. Fundraising Other Investment income: Bank interest Income from investments 29,297.74 2,325.00 1,110.00 294.16 14,351.61 247.23 14,925.58 46,268.51 16,282.81 4 Gross expenditure Unrestricted funds 2024 Unrestricted funds 2023 Sisters, expenses Food and provisions Donations Postage and stationary Travelli ng expenses Motor expenses Rates Insurance Repairs and maintenance of buildings and equipment Telephone Electricity and gas Accountancy fees Professiona I fees Sundry Management fees Legal fees 4,674.15 5,742.92 3,450.00 342.92 430.75 2,758.48 2,319.03 1,147.84 3,917.16 1,530.44 4,777.20 9,570.00 3,600.00 439.50 3,986.09 5,636.00 3,284.69 5,903.71 962.00 86.90 370.60 2,608.84 2,050.27 2,240.47 6,187.07 1,239.49 3,976.30 3,559.20 3,600.00 301.09 4,012.02 54,322.48 40,382.65 ANNECY CONVENT Notes to the Accounts {continued) for the year ended 31 December 2023 4 Gross expenditure- continued Included in accountancy fees are fees payable to the independent examiner for the examination of the account5 amounting to £1,80012023 - £1,716). 5 Trustees. remuneration and expenses No direct remuneration or expenses have been paid to any of the Trustees.