**REGISTERED CHARITY NUMBER: 233299**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **FOR**
## **SISTERS OF CHARITY OF NEVERS**
**SISTERS OF CHARITY OF NEVERS**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
**SISTERS OF CHARITY OF NEVERS**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2024**
The trustees present their report with the financial statements 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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's objective is to advance the Roman Catholic Religion and relieve poverty.
It's aim is to provide human resources on a voluntary basis within the community to support projects that provide advice, information or care to vulnerable people.
## **FINANCIAL REVIEW**
## **Financial position**
The normal operating income and expenditure for the year were as expected, income £49,457 (2023 - £45,768) and expenditure £49,542 (2023 - £39,061).
There were net outgoing resources amounting to £7,788 (2023 - net incoming £8,507). Net movement of funds from the accumulated fund totalled £7,788 (2023 £8,507).
The final balance of the English Congregation at 31 December 2024 totalled £290,789 (2023 - £298,577).
In addition to normal operating income, the trustees sold a piece of land earning a profit on disposal of £286,131. The trustees transferred the proceeds to the Bursar, an elected member of the General Council who in turn are accountable to the General Chapter. The amount transferred was £289,688.
## **Reserves policy**
The policy is to ensure sufficient reserves are carried to meet all anticipated commitments during the year.
## **FUTURE PLANS**
The charity plans to continue to advance the Roman Catholic Religion and relief of poverty through charitable work in the ensuring year. The Sisters remain confident that they will be aided in this by the commitment of their French counterparts to subsidise where necessary the operational activities of the English Province.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Sisters of Charity of Nevers (formerly known as Trustees for the Congregation of the Sisters of Charity of Nevers) is a charity, registered with the Charity Commission, registration number 233299 and is governed by Trust Deed dated 1 February 1964 and the Scheme of The Commissioners of 26 April 1994.
## **Recruitment and appointment of new trustees**
Trustees are appointed by the Superior General of the Roman Catholic Congregation of the Sisters of Charity and Christian Instruction of Nevers ("the Order"). The Superior General is resident in Paris and has responsibility for appointments in England.
Trustees are appointed 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 permission of the other trustees from all their meetings held within any six month period and the board of trustees resolve that their office be vacated or gives not less than one month's notice in writing of their intention to resign (but only if at least 3 Trustees will remain in office when the notice of resignation is to take effect).
Page 1
## **SISTERS OF CHARITY OF NEVERS**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The trustees shall hold at least two ordinary meetings in each year. A special meeting may be summoned at any time by the chairperson or any two trustees upon not less than four days' notice being given to the other trustees of the matters to be discussed.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
233299
## **Principal address**
19 Oakengates Fulwood Preston PR2 9AE
## **Trustees**
Sister E C Butler Sister A Duggan Sister B D Chiesa (appointed 23.7.24) Sister D J Saint - Amans
## **Independent Examiner**
James Todd & Co Greenbank House 141 Adelphi Street Preston Lancashire PR1 7BH
Approved by order of the board of trustees on 31 October 2025 and signed on its behalf by:
Sister E C Butler - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SISTERS OF CHARITY OF NEVERS**
## **Independent examiner's report to the trustees of Sisters of Charity of Nevers**
I report to the charity trustees on my examination of the accounts of Sisters of Charity of Nevers (the Trust) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
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 examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
A Mills FCA MAAT
James Todd & Co Greenbank House 141 Adelphi Street Preston Lancashire PR1 7BH
31 October 2025
Page 3
## **SISTERS OF CHARITY OF NEVERS**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024**
|**2024**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**49,457**
Investment income
2
**854**
Other income
3
**286,131**
**Total**
**336,442**
**EXPENDITURE ON**
**Charitable activities**
Overseas Donations
**294,688**
UK donations
**169**
Pastarol care
**24,901**
Other
4
**24,472**
**Total**
**344,230**
**NET INCOME/(EXPENDITURE)**
**(7,788)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**298,577**
**TOTAL FUNDS CARRIED FORWARD**
**290,789**|2023
Total
funds
£
45,768
1,800
-|
|---|---|
||47,568|
||-
265
21,477
17,319|
||39,061|
||8,507
290,070|
||298,577|
The notes form part of these financial statements
Page 4
## **SISTERS OF CHARITY OF NEVERS**
## **BALANCE SHEET**
## **31 December 2024**
|**2024**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
7
**250,252**
Investments
8
**10,000**
**260,252**
**CURRENT ASSETS**
Cash at bank and in hand
**31,558**
**CREDITORS**
Amounts falling due within one year
9
**(1,021)**
**NET CURRENT ASSETS**
**30,537**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**290,789**
**NET ASSETS**
**290,789**
**FUNDS**
10
Unrestricted funds
**290,789**
**TOTAL FUNDS**
**290,789**|2023
Total
funds
£
262,901
10,000
272,901
26,632
(956)
25,676
298,577
298,577
298,577
298,577|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2025 and were signed on its behalf by:
E C Butler - Trustee
A Duggan - Trustee
The notes form part of these financial statements
Page 5
**SISTERS OF CHARITY OF NEVERS**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits 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 all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance Motor vehicles - 25% 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 particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
**SISTERS OF CHARITY OF NEVERS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024**
## **2. INVESTMENT INCOME**
|Interest received
**3.**
**OTHER INCOME**
Gain on sale of tangible fixed assets
**4.**
**OTHER**
Support costs|**2024**
**£**
**854**
**2024**
**£**
**286,131**
**2024**
**£**
**24,472**|2023
£
1,800
2023
£
-|
|---|---|---|
|||2023
£
17,319|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
As members of the Order the living expenses of the trustees during the year were borne by the charity. The trustees received no remuneration or other benefits in connection with their duties during the year. The trustees' state and professional pensions are donated to the charity as shown under incoming resources in the statement of financial activities.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|45,768|
|Investment income|1,800|
|**Total**|47,568|
|**EXPENDITURE ON**||
|**Charitable activities**||
|UK donations|265|
|Pastarol care|21,477|
|Other|17,319|
|**Total**|39,061|
Page 7
continued...
## **SISTERS OF CHARITY OF NEVERS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
Long
and
Motor
property
leasehold
fittings
vehicles
£
£
£
£
**COST**
At 1 January 2024
**136,043**
**119,492**
**103,473**
**12,800**
Disposals
**(11,639)**
**-**
**-**
**-**
At 31 December 2024
**124,404**
**119,492**
**103,473**
**12,800**
**DEPRECIATION**
At 1 January 2024
**-**
**-**
**97,931**
**10,976**
Charge for year
**-**
**-**
**554**
**456**
At 31 December 2024
**-**
**-**
**98,485**
**11,432**
**NET BOOK VALUE**
At 31 December 2024
**124,404**
**119,492**
**4,988**
**1,368**
At 31 December 2023
136,043
119,492
5,542
1,824
**8.**
**FIXED ASSET INVESTMENTS**
**2024**
**£**
Loans
**10,000**
At 1 January 2024 and 31 December 2024|Unrestricted
fund
£
8,507
290,070
298,577
Totals
£
**371,808**
**(11,639)**
**360,169**
**108,907**
**1,010**
**109,917**
**250,252**
262,901
2023
£
10,000
Other
loans
£
**10,000**|
|---|---|
|||
There were no investment assets outside the UK.
Page 8
continued...
## **SISTERS OF CHARITY OF NEVERS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024**
|**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.24
£
**298,577**
**298,577**
Incoming
resources
£
**336,442**
**336,442**
At 1.1.23
£
290,070
290,070|**2024**
**£**
**1,021**
Net
movement
in funds
£
**(7,788)**
**(7,788)**
Resources
expended
£
**(344,230)**
**(344,230)**
Net
movement
in funds
£
8,507
8,507|2023
£
956
At
31.12.24
£
**290,789**
**290,789**
Movement
in funds
£
**(7,788)**
**(7,788)**
At
31.12.23
£
298,577
298,577|
|---|---|---|---|
Page 9
continued...
**SISTERS OF CHARITY OF NEVERS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024**
## **10. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
47,568
(39,061)
**TOTAL FUNDS**
47,568
(39,061)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.1.23
in funds
£
£
**Unrestricted funds**
General fund
290,070
719
**TOTAL FUNDS**
290,070
719|Movement
in funds
£
8,507
8,507
At
31.12.24
£
290,789|
|---|---|
||290,789|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
384,010
384,010|Resources
expended
£
(383,291)
(383,291)|Movement
in funds
£
719|
|---|---|---|---|
||||719|
Page 10
continued...
**SISTERS OF CHARITY OF NEVERS**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024**
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
Page 11
## **SISTERS OF CHARITY OF NEVERS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Interest received
**Other income**
Gain on sale of tangible fixed assets
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Repairs and maintenance
Motor and travel expenses
Ground rent & service charges
Charity donations, gifts and Mass stipends
Grants to institutions
**Support costs**
**Other resources expended**
Provisions and household sundries
Sisters' welfare, retreats and conferences
etc.
Depreciation of equipment, fixtures and
fittings
Depreciation of motor vehicles
**Governance costs**
Accountancy fees
Carried forward|2024
£
**49,457**
**854**
**286,131**
**336,442**
**2,264**
**551**
**2,985**
**1,664**
**725**
**4,477**
**3,940**
**8,088**
**5,376**
**289,688**
**319,758**
**9,096**
**5,090**
**554**
**456**
**15,196**
**9,102**
**9,102**|2023
£
45,768
1,800
-|
|---|---|---|
|||47,568
2,170
493
2,321
1,612
1,170
3,756
2,800
7,012
408
-|
|||21,742
7,859
6,331
616
608|
|||15,414
954
954|
This page does not form part of the statutory financial statements
Page 12
## **SISTERS OF CHARITY OF NEVERS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024**
|**Governance costs**
Brought forward
Legal and professional fees
Total resources expended
**Net (expenditure)/income**|2024
£
**9,102**
**174**
**9,276**
**344,230**
**(7,788)**|2023
£
954
951|
|---|---|---|
|||1,905|
|||39,061|
|||8,507|
This page does not form part of the statutory financial statements
Page 13