REGISTERED CHARrrY NUMBER: 233299 REPORT OF THE TRUSTEES AND UUAUDIT D FINcIAL STaIEMENIS FOR THE&B ENDEIL31.DEc PIRE&2Q23 FO SISTERS OF CHARITY OF NEVERS
SISTERS OF CHARITY OF NEVERS cofrirENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023 Page Report of the Trustees 1 to 2 Independent Examinerfs Report Ststement of Financial Actlvit19S Balanee Sheet Notos to the Financial Statements 6 10 10 Detalled Ststement of Flnanclal Actlvtties 11
SISTERS OF CHARITY OF NEVERS REPORT OF THE TRUSTEES for the Year Ended 31 DKember 2023 The trustees present their report with the financial slalements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and ReF)Orting by CharitEs'. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effe¢tiva 1 January 20191. OBJECTNES AND ACTIVITIES Objectlves and aims The chsrtty's objective is to advan the RLinan Catholic Refigion and relieve povety. It's aim i¥ lo provide human reul¢e$ on a voluntary basis wthin the communty lo Supp projects that provide adv. infomalion or care to vulnerable people. FINANCIAL REVIEW Financial posttion The normal operating income and expendrture for the year wero as expfjcted, InMe £47,8 {2022 £45,471) and expenditure £39,06112022 - £44,954}. There were net incoming resources amounting to £8,507 {2022 - nat irming £517). Nal rnvement of funds transferred to the accumukted ftjnd totalled £8,507 {2022 £517}. The final 81ce of the English cgrallOn at 31 Decemkr 2023 lotalled £298,577 {2022 - £290,070). Reserves policy The poIY is lo ensure sufficEnt reserves are Th(ed to meet all antIpated commrtments during Ihe year. FLrruRE PLANS The ettanty plans to eonlinue to advance the Roman Catholic Religion and relief of poverty through charitable worf( in the ensuring year. The Sisters remain confident that they wll be aided in this by the cornmilment of Ihelr French counterparts to sub&dise where nec4ssary the operatv)nal acbmlw of the English Provin. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Sisters of Charity of Nevers Ifomierty krthvn as Trustees for the Congregation of the Sisters of Charity of Neversl is a charty, registered with the Charity Commission. registration number 233299 and is g¢)verned by Trust De1 dated 1 February 1964 and the Scheme of The Commissioners of26 April 1994. Recrniiment and appointment of tru$te•s Trustees are appointed by the Superior General of the Roman Catholic CongregatK)n of the Sisters of Charty and Christian Instruction of Nevers {'Ihe Orderf'l. The Superior General is resident in Paris and has responsibility for appointsnenls in England. Trusle&s are apwintad for an indefinite period until such time they become incapable by reason of illness, injury or mental disorder of managing their own affairs, is absent without the pemiission of the other trustees from all their meetings held w(thin any six month period ané the board of tsuste8s resolve that their office be vacated or gives not less than one month's notice in writing of their intention to rpsign Ibul only rf at least 3 Trustees will remain in offu when the notice of resionalion is to tske effect). Organlsatlonal structure The trustee5 shall hold al least iwo ordinary meetings in e&h year. A special meeting may be summoned al any lime by the chairperson or any Irusts upon not le5S than four d8ys' notice being given lo the other trustees of the matters to be discussed. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 233299 Page 1
SISTERS OF CHARITY OF NEVERS REPORT OF THE TRUSTEES for the Year Ended 31 December 2023 Prfncipal address 19 Oakengales Fulwwd Preston PR2 9AE Tr[thS Sister E de Quenco de Tonqued (resigned 1.7.23) Sister E C Butler Si8ter A Duggan Sister M M Kelly Iresigned 16.7.231 Sister B D Chiesa (appointed 23.7.241 Sister D J Saint- Arnans (appointed 16.7.231 Independent Examiner James Tocjd & Co Greenbank House 141 Addphi Street Preston LarshIre PR178H Appr¢)vod by order of the board oftwste&s on 24 ¢knber 2024 and signed on its behalf by. Sister E C Butler- Trustee Pagè 2
INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF SISTERS OF CHARrrY OF NEVERS Independent examinerfs report to the Irustees of Sisters of Charfty of Nevews I report to the charity trustees on my examinab.on of the accounts of Sisters of Charity of Nevers (the Trust) for the year endad 31 December 2023. Rgsponslblllties and basls of rnport AS the charity trustees of the Trust Y( are responsiblg for the preParatn of th8 xcounts in accordance with the requirem&nts of the Charit8 Act 2011 Ilhe Act'l. I report in respect of my examination of the Trusys accounts carried out under sects. 145 of the Act and in cairying QLrt my examinatk)n I have followed all applicable Directions gwen by the Ch4rity Commission und8r Seclion 14515llbl of the Act. Independent examlnerfs ststement I have completed my examinati)n. I confirm th81 no nwtsrial matters have ccme to my attention In u)nnection wrth the examination gimng me cae to believe that in any material respect.. aCCounr¥j records were not kept in respect of Trust as required by Sectv)n 130 of the Act or the accounts do not accord wtth those records,. or the accourrts do not compty with the applicable requirefnts conceming th8 fomi and content of 8¢counls sel out in the Charities {Accounts and Reportsl RegulalKJns 2008 other than any requirement that the accounts give a true and fair Mew which is not a matter considered as part of an independent examination. I have no cOnrnS and have come across no other matters in connection with the examination lo thich attention shoubj be drawn in this Teport in order lo enable a proper understanding of the accounts to be reached. A Milb FCA MAAT Jwnes Todd & Co Greenbank House 141 Adelphi Street Preston Lancashire PR17BH 28 October 2024 Page 3
SISTERS OF CHARITY OF NEVERS STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2023 2023 Unmtr*tod fund 2022 Totsl Notes INCOME AND ENLK)WMENTS FROM Donations and legacies 45.768 44.901 Investment Income 1.800 570 Total 47.568 45,471 EXPENDITURE ON Charltable activttle6 UK donations Pastarol care 265 21A77 22,054 Other 17,319 22,296 Totsl 39.061 44,954 NET INCOME 8,507 517 RECONCILIATION OF FUNDS Total funds broh1 frlrward 290,070 289,553 TOTAL FUNDS CARRIED FORWARD 298.577 2SW,070 Th8 notes fom) p8rt otthese fin8nd81 slatemehts P8ge 4
SISTERS OF CHARITY OF NEVERS BALANCE SHEET 31 December 2023 2023 2022 Total funds Unrostrkt•d fund Notes FIXED ASSETS Tangtr)le assets Investnts 262.901 fO.000 264.123 10,000 271901 274,123 CURRENT ASSETS Cash at bank and in hand 26,632 16.818 CREDITORS Amwnts falling due within one year 19561 {871) NET CURRENT ASSETS 25,676 15,947 TOTAL ASSETS LESS CURRENT UABILITIES 298,57T 290,070 ASSETS 298,577 290.070 FUNDS Unrestrict8d fund5 298,677 290.070 TOTAL FUNDS 298,517 290,070 The financial statements were approved by the Board of Twslees and aulhorised for issue on 24 Octc4)gr 2024 and were siyned on its beha by.. E C Butler. Tnjstee J&str Eknefy7 2,bLLdcp A Duggan- Trustee The notes forn part ol these ffinaniial sts18ments Pagtr 5
SISTERS OF CHARITY OF NEVERS NOTES TO THE FINANCIAL STATEMETrffS for the Year Ended 31 Decernber 2023 ACCOUNTING POLICIES Ba818 ol preparlng the flnanclal statements The financial statements of the charity, which is a publ benefit enlty under FRS 102, have bgen prepared in accordance with the Chartties SORP IFRS 1021 'Accounting and Reporting by Chairties.. Statement of Recommended Pract8 applicable to charities preparing their xcounls in accordance wi(h the Finanaal Reporting Standard applicable in the UK 8nd Republic of Iland (FRS 1021 {effectwe 1 January 2019),, Financl81 Reporting Standard 102 'The Financial Reporting Standawd appIable in the UK and Republic of Irel81, and the CharttEs Act 2011. The financial stalemgnts have been prepared untler the historical cost convention, with the exception of investments which are included at market V81ue. Income All income is recognised in the Statement of Financial Activities cnce the charity has entr(kment to the funds, il is probable that the income will be reiVed and the amount Can be measured reliably. Exponditur8 Liabilities are recognised as expendl(ure as soon as there is a legal or constructive obligation committing the tharily lo that expendTturè, it is probabk that a ITansfer of economic beneff(s will be required In settlement and the amount of the obligation can be Easured religbty. Expenditure i% accounted for on an accruals basis and ha5 been classified under headings that ag9regale all cost related to the category. ere cost5 cannot be directly attributed to particular heading5 they have been alloeated to aetiwtres on 8 basis consL8lent the use of resources. Tanglble flx8d assets Depreciation is provided at the folh)wing annual rates in order tcs wrrte off each asset over 115 estimated useful lrfe. Fixtures and fitb'ngs Motor vehic$ 10% on reducing balance 25Yo on reducing balance Taxation The charity is exempt from tax on i(s charrtab activities. Fund accountlng Unrestricted funds can be used in accordance th the charitable objectives at the discrelp)n of the trustees. Restricted furlds ean only be used for partieuL8r $tried pvrposes within the o¥ects of the charity. Reslriclions arise when 9pe(afied by the donor or when funds are raised for partular restrictg pUse5. Further expl8nation of the nalure and purpose of esch fund is induded in the notes to the financial statements. Pa6 contrnu&Y...
SISTERS OF CHARITY OF NEVERS NOTES TO THE FINANCIAL STATEMENTS - contlnued for the Year Ended 31 December 2023 IMVESTMENT INCOME 2023 2022 Rents r1Ved Interest received 570 1.800 1.800 570 OTHER 2023 2022 Suppcvt O)51s 17,319 22,296 TRUSTEES. REMUNERATION AND BENEFrrs There were no Iru5tees' remuneration or other benefits for the year )ded 31 December 2023 nor for the year ended 31 Decwnber 2022. Trustees. expenses As members of the Order the living expenses of the trustees during the year were boma by the charrty. The tntslees received no remuneration or other benefrts in connectDn wrth Ih&r duties during the year. The truslee8' State and prOfesSn pensions are donated lo th9 Charity as shown under irOrning reSoUrS in the slatemgnt olfinan¢i activrhe5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre$tri(aed Jnd INCOME AND ENDOWMENTS FROM DonatKJns and ades 44,901 Investrnent inctyne 570 Totsl 45,471 EXPENDITURE ON Charitable activities UK donations Past8rol care 604 22,054 Other 22.2 Totsl 44.954 NET INCOME 517 RECONCILIATION OF FUNDS Total fijnds brought foard 289,553 Page 7 conl'nwd...
SISTERS OF CHARITY OF NEVERS NOTES TO THE FINANCIAL STATEMENTS - Gontlnued for the Yèar Ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES. continued Unrestncled frJnd TOTAL FUNDS CARRIED FORWARD 290,070 TANGIBLE FIXED ASSETS Fixtures and fittiros FrhOld property Lwg Jeasehold Motor v8hleS Totsls COST At 1 January 2023 and 31 December 21r23 136.043 119.492 103A73 12,800 371.808 DEPRECIATION Al 1 January 2023 Charge for year 97,316 615 10,389 107,685 1,222 Al 31 December2023 97.931 10,976 108,907 NEf BOOK VALUE Al 31 December 2023 136,043 119.492 1.824 262,901 At 31 D8c8mb8r 2022 136,043 119,4¥2 6.157 2.431 264,123 FIXED ASSET INVESTMENTS 2023 2022 Loans 10.000 10,000 Other 108155 At 1 January 2023 and 31 December 2023 10,000 There were no investment assets outside the UK. Pa8 Contin...
SISTERS OF CHARITY OF NEVERS NOTES TO THE FINANCIAL STATEMENTS - conllnued for the Year Ended 31 December 2023 CREDITORS: AMOUNTS FALLING DUE MTrIIN ONE YEAR 2023 222 other creditor6 966 871 MOVEMENT IN FUNDS Net movement In funds At 31.12,23 At 1.1.23 Unr8Stricted funds Gereral fund 290,070 8,507 298,577 TOTAL FUNDS 290,070 8,507 298,$77 Nel n}ment in funds. included in the above are 88 fOll(v8.. Incrmir resour5 Resources expanded Movement in furhys Unrestricted funds General fund 47,668 139,0611 8,507 TOTAL FUNDS 47,568 139,0611 8,507 Comparatives for movement in funds Nel movement in funds At 31 12.22 At1.1.22 Unrestrieted funds General ftjnd 289,553 517 290.070 TOTAL FUNDS 289,553 517 290,070 Comparatwe n81 movement in funds, included in the above are as folbw5'. Incoming rÈ50urr£s Resource5 expendÈd Movernent in funds Unra8trict8d funds General fund 45,471 {44,9541 517 TOTAL FUNDS 45.471 144,9S41 517 Page 9 continu•J...
SISTERS OF CHARITY OF NEVERS NOTES TO THE FINANCIAL STATEMEPs- contlnued lor the Year Ended 31 December 2023 MOVEMETr IN FUNDS- continued A ¢urr8nl year 12 months and prior year 12 months combined position is as follows.. rnovement in funds At 31.12.23 At1.1.Y2 Unrastrictod funds General fund 289,553 9,024 298,5Tr TOTAL FUNDS 289,553 9,024 298,577 A current year 12 months and prior year 12 months combmed net movement in fvnds, included in the above are as follows.. Incomlng sour$ Resour expended Movemènt ln fu¢*s Unrestricted funds General fijnd 93,039 184.015} 9,024 TOTAL FUNDS 93.039 184,015) 9,024 10. REL4TED PARTY DISCLOSURES There were no relat8J paty trans&t)nS for the yearend8J 31 December 2023. Page 10
SISTERS OF CHARITY OF NEVERS DAlLED STATEMEFif OF FINANCIAL ACTiiwnES torthe Year Ended 31 December 2023 2023 2022 INCOAqE AND ENIX)WMENTS Donations and legacle8 Donations 46.766 44,901 Investment income Rents received Interest reiVed 570 1.800 570 Tolal incoming resources 47,568 45,471 EXPENDITURE Charitable activiiies Rates and water Insurance Light and heat Telephone PoslaJe and slalionery Repairs and maintenance Motor and travel expenses Ground rent & service charges Charity donations. grfts and Mass sts'pends 2.170 493 2,321 1.612 1.170 3.756 2,800 7.012 2,012 1,199 2,476 1.679 974 3,104 3,070 7,036 1,108 21.742 22.658 Support costs Other res(wrces expended Sundries Provislc*)s and hoLBehold sundries Sisters, wdfare. retrea15 and conferwKes 176 6,982 7.859 6.331 11,632 Depreciation of equipment, fixtures and fittings Depreciation of motor vehicks 616 608 810 15N14 20,284 Govemance Costs Accountancy f88S Legal and professional fees 954 961 870 1,142 1.905 2,012 Total resources eXnde{l 39,061 44,954 Net income 8.507 517 This p&Je does not lorm part ofthe $talLrtory financial stgbrnents Page 11