Charity registratlon number 235440 CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS ANNLIAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Sister JP Thomas Sister TM Turner Sister LM Joseph Charity number 235440 PrlncSpal addre$$ St Marys Convent Ebchester Conselt County Durham England DH8 OQO Independent axamlner Robson L8idlerAccountants Limited Fernwood House Fernwood Road Jesmond Newcastle Ljpon Tyne Tyne and Wèar England NE2 1TJ Bankers HSBC 110 Grey SITeel N6wcastle upon Tyne NE16JG InvtMnl advlsors St Jarnes Place Wealth Management 1 Trinity Gardens Broad Cha Newcastle upon Tynè NE1 2HF
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS CONTENTS Page Ttustees, report Independent examinerfs report slement of finanaal activities Balance sheet Slalemenl of cash flow5 Notes lo the finanaal stat8menl$ 7-15
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their annual report and financial statamanls for the year ended 31 March 2024. The financial statements have been prepared in ae£ord8nce with the accounting ptslicies sel out in note 1 to the financial stateTnents and Qornply with the charity's governing document, the Charities Act 2011 alld "Accounbng and Reporting by Charities.. Statement of Recommended Practice applicable to tharilies preparing iheir accounts in accordance with the Finanaal Reporting Standaid applicable in the UK and Republic of Ireland IFRS 1021 leffe¢tive 1 January 20191" Objectives and activiti•s The chaiity's object and principal activities is lo offer residential ¢are lo elderfy persons, by the provislon 8nd m8nagemenl ol appropriate aceommodalion. The charity aims to provide the highest qualrty, most flaxible and personal care for èach and tsvery resident. We Ireal everyone with compassion. in an environment where physical, emotional, spiritual and social needs are met, enabling our resid8nts lo live life lo the full with continual support being available. The Trustees confirm that the charity has complied with Section 4 of the Charities Act 2011 to have due regard lo the public benefit guidance published by the Charities Commission. The charity relies on the income from fees and ¢h8rges lo cover most of its oper81ing costs. In setting the level of fee5 the Iruslees give due consideration lo the need to ensure that thg residential accommodats'on provided by the charity is accessible to all members of the community. Achiavèmonts and perfomiance The home maintains our good rating with the Care Quality Commission. The home is ¢omm(rted lo the delivery of highuality care, through well tiained staff a safe and homèly environmènt. The Iruslee5 are dedicated to continuous improvernents in all aspects of our se. The continual increases in the home overheads caLtsed by iecenl worfd events. is creating conceins on the home's financial wability The c>verhead5 continue lo be high, but in¢rea5es in the last year continué to be achievable. Concerns for financial viability are reducing. The Increase in Living wage was supplemènted by our increases in Residential Fees. The management team continues to overcorne these obstacl&s and a¢hieve a well-run positive home. The home has a well-eslablished quality control system in place and continues to re(ive positive feed back in all areas through our resident and wsitor questionnaires. The fact we continue to havè a wailing list for vacancies within the home. is a testament to how the home is peiceived by the people wittiin our surrounding district. The occupancy within the home continues to bè good and we have rnaintained 900A occupancy rale throughout the year. The recruilrnent ol good well trained Care staff has again beèn a problem this finanaal year, and it is a legacy of the pandemic, staff are now more reluctant to work wrthin ca. We do not have a high turnovor of staff. so this enables us through planning and good managemènt to eonlrol this problem. Fundraising activitlas The charity does not take part in any specific fundraising aclivilies. Invèstmènt perfonnance The ¢harity has invested in a small portfolio of invesiments, the performance ol which is rnonitorad on a regular basis. The performan¢e of these investments in the year was in line with expectations.
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial rèview Total incorne for the year was £717,79212023'. £587.3691. Total costs for the year were £639.11412023." £570.7251. Al the year end the Trust had closing reserves of 22.982.637 12023.. £2.903,5651 all of which were classed as unrestricted. Reserves po14Cy 11 is the policy ol the charity that unrestricted funds which have not been designale¢J lor a speafic use should be maintained at a level equivalent to between thrée and six month's expenditure. Al the year end the level of free reserves stood al £440,218 which is roughly equal to eight months of running costs. Although slighuy above thè slated policy. the Iruslees consider that this level of free rèserves are sufficient lo ensure that they can continue to provide the residents with the quality of accommodation that they are used lo. Principle sourc•$ of funding The main sourcè of funding remains residents fees with smaller amounts received from donations, grants and legaaes. Risk management The trustees has assessed the major risks lo which tha charity is exposed, and are satisfied that systems aro in plac8 to rniligate exposure to the rnajor risks. Plans for futurè periods The charity will continue lo provide residential carè to elderfy members of the local ¢ommunity in accordance with the objectives of th& oharity. Structure, govemance and manag•m•nt The charity is controlled by ils governing do¢umenl, a deed of trust. The Iru5tees who seNed during the year and up to the dale of signaturè of the finanaal sl*ements wer&.. Sistèr JP Thomas Sister TM Turner Sister LM Joseph New trustee are sought as and when the trustees consider this necessary and appointments are made by agreement ol the trustees. The day-t041ay management of the care home Is in the hands ol a manager. Thè Iruslees take an active interest in the day to day operations of the care hom&. Thè trustees, report was approved by the Board of Trustees. Sister TM Tumer Trust•e Dale..
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS I report lo the Iruslees on rny examination of the financial 5talernenls of Congregation des Soeurs de charite de Nolre Dame du bon et perpetual secours Ithe chanlyl for the year ended 31 March 2024. Responsibilities and basis of report As the tru51ees ol the charity you are responsibl6 ft>r the preparation of the financAal statements in accordance with the quIrementS of the Charities Act 2011 Ilhe 2011 AGII. I report in respect of rny exarnination of the charity's financial statements carTied out under section 145 of the 2011 Act. In Carrying out my examination I have followed all the applicable Directions given by the Charity Commission under seolion 14515llbl of the 2011 Act. Independent examlnerfs statomont SinTr the charity's gross incorne exceeded £250,000 your examiner rnusl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualifièd to undertake the examination because l am a member of the ACCA. which is one of the listed bodies. I have completed my examination. I confirm that no mallers have come to my attèntion in ¢onne¢lion wrth the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respèct of the charity as required by section 13Q of the 2011 Aet". or the financial slalements do not accord with thosè records., or the financial statements do not comply with the applicablè requirèments concerning the fomi and content of OUnt3 sel out in the Charities {Accounts and Reports) Regul8lion5 2008 other than any requirernent that the accounts give a true and fair thew which 1$ 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 oxaminalion lo which attention should be drawn in this report in order lo enable a proper understanding of the fin8nci81 sl8lemenls lo be rea ed. Ni¢holas Cunninghaln FCCA Robson LaidlerAccounl8nls Lirniled Fernwood House Femwood Road Jesrnond Newc8Stle up(>n Tyne Tyne and Wear NE2 1TJ England Dated. .1&4.-tss....
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrietsd funds 2024 Unrestrictèd funds 2023 Notes Income from: Donations and legacies Charitable activities Investments 6.673 703,385 7,734 8,195 573,784 7.390 Total income 717,792 587,369 Expenditure on= Charitable activities 639.114 570,725 Total expandltur¢ 639,114 570,725 Nèt gain[lo55e5j on investments 394 18,2681 Net movement In funds 79,072 8,376 Reconciliation of funds: Fund balanS at 1 April 2023 . 2.903,565 2.895,189 Fund balances at 31 March 2024 2,982,637 2,903,565 The statement of finèncial 8ctivilies includès all gain5 and Ioss8s re¢ognised in the year. All income and expenditure derive from continuing activities.
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notss Fixèd assets Tangible assets Investment property Inv6Stmen15 11 12 13 1.972,419 570,000 104,155 1,987,207 570,000 102.512 2.646.574 2,659,719 Current assets Debtors Cash at bank and in hand 14 33.586 311.006 12.855 238,408 344,592 251,263 Credltors: amounts falllny due within one y•ar 15 18,529) 17,41n Not current assats 336,063 243,846 Total assèts less current liabilities 2,982.637 2.903,565 The fund¥ of the charlty Unrestricted funds 17 2,982,637 2,903,565 2,982.837 2.903,565 Sister TM Turner Trustèa
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating aetlvltl¥$ Cash goneraled from operations 19 86.113 26,198 Investing activities Purchase of Investments Proceeds from disposal of inveslmenls Investment income recèivad 114,3001 13,051 7.734 142,0711 41.625 7.390 Net cash gan•rated from investing activities 6.485 6,944 Net cash used in financlng o¢tivitie8 Net incrnasè In ¢o$h and cash equivalents 72,598 33,142 Cash and cash equivalents at beginning of year 238,408 205.266 Cash and cash oquivalents at end of year 311.006 238,408
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polic5es Charity inforniatlon Congregation des Soeurs de charite de Notre Dame du bon el perpetual secours is a unincorporated charity lehxrity number 2354401. 1.1 Accounting convention The financial statements have been prepared in aordanCe with the charity's goveming document. the Chaiilies Act 2011 an(1 "Accounting and Reporting by Charities." Statement of Recommended Practice applicable lo charities preparing their aeeounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" The charity is a Public Benefit Ents'ly as defined by FRS 102. Thè financial statements a prepared in sterling, which is the functional currency of the charity. Monetary amounts in these finanaal slalements are rounded to the nearest £. The financial statemen15 have been prepared under the historical ctsst ¢onvention. The prinapal accounting policies adopted are set out below. 1.2 Going ¢oncem Al the limé of approwng the financial $181emenls. the trustees havè a reasonable expectation that the ¢harily has adequate resources lo continue in operational existencè for the foreseeable lulLJre. Thus the trustees continue lo adopt the going conGern basis of accounting in preparing the financial statèments. 1.3 Charitable funds Unrestricted funds are available for al the discretion of the twslees in furtherance of their ¢haril8ble objectives. Reslrict6d funds are subjecl to specifi¢ conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted fund5 are sel out in the notès lo the finanaal statements. 1.4 Incom• Income is recognised when the charity is legally enlilled to il after any performance conditions have been mel, the amoun15 can be measured reliably. and it is probable that in¢(>me will be received. Cash donations are recognised on re¢eipl. Other donations are re¢ognised once the charity has been notified of the donation, unless performance conditions requirè deferial of the amount. Income tsx reverable in relatlon lo donations receNed under Gift Aid or deeds tsf covenant is recognised at the lirne of the donation. LÈg8cies are recognisèd on receipt or otherwise if the ¢haTity has been notified of an impending distribution, the amount is known, and reIpt is expected. If the amount is not known, the legacy 15 treated as a conlingenl asset. 1.5 Expenditure Liabilities are recognised 33 expenditure as scx)n as there is a legal or constructive obligation commilling thè charity lo that expènditure. it is probable that a transfer of economic benefits will be required in settlement and the amount ol the obligation can be measured reliably. Expenditur8 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. INhere costs Cannot be diraclly allribuled lo particular he8dings they have been a51o¢aled lo activities on a basis eonsi51enl with the Use of resources.
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.6 Tanglbl¢ fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation. nel of depreaation and any impaimient losses. Depreciation is recognised so as to writè off the c051 or valuation of assets les5 their residual valuès over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings not provided straight line over 10 years 1.7 Investment prop•rtl•s InvestmÈnl property, which is property held to earn rentals andlor lor capital apprèci31ion, is initially recognised al cost. which includes the purchase cost and any diieclty attributable expenditure. Subsequently il is measured at fair value al the reporting end date. The surplus or defiat on 18valualion is recognised in profil or loss. 1.8 Fixed asset investmènts Fixed asset inveslrnents are initially rneasured at transaction price excluding transaction ws15. and are subsequently measured at fair value al each reporting dale. Changes in fair value are recognised in net incomel{expenditurel for the year. Transaction costs are expensed as incurred. 1.9 Cash and cash equiYal•nts Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-terTn liquid investment5 Wlth original maturities ol three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Retirement b•n•fits Payrnents to defined contribution retirement benèfit scheme5 ale charged as an expense as they fall due. Donations and legacies Unrestricted Unreslricled fund$ funds 2024 2023 Donations and gift5 Govemment grants 6,673 10.127 13.9321 6.673 6,195
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable actlvltl•s Unrestricted funds 2024 Unrestricted fund$ 2023 Charitsble activities Resident lees 703,385 573,784 Income from investments unstro¢tod Llnr•strl¢trd funds funds 2024 2023 Rental income Income frow listed investment5 4.8 2.934 5,200 2.190 7.734 7.390
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendithre on charitabl• activities Charitable activities 2024 haritable activiti8s 2023 Direct costs Staff costs Depreaation and impaimènt Rates and water Insurance Light and heal Tran5POrt and travel Repairs and maintenance Staff training House and garden Residents food 484.094 14,788 5,886 12.526 39,553 1,397 34.305 1.691 7,112 23,015 419.069 14.788 4,511 10,728 26.577 2.586 49,553 126 8.611 16.249 624,347 552.798 Share of support and governanc• costs Isee note 61 Support Goveinance 9.951 4,816 13.234 4,693 fj39,114 570,725 Analysis by fund Unrestricted funds 639.114 570,725 Support costs allocat8d to a¢tlvlties 2024 2023 Postage and stationery Sundry expense5 Bank chargès Governance costs 2,667 7.124 160 4.816 2,417 10,662 155 4.e93 14,767 17,927 Analys•d between: Charitable activities 14,767 17,927 10-
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support eo$ts allocated to actlvlties (Continued) 2024 2023 Govemancè costs ¢ompriso: Legal and piofe58ional Independent 8xarniners fees 1,686 3,130 1,744 2,949 4,816 4.693 N•t movement in funds 2024 2023 The net movement In funds is stated after chargingl{crediting}". Depreciation of owned tangiblè fixed assets 14,788 14.788 Trust•è$ None of the trustèés loi any persons Connected with them) recetved any remuneration or benefits from ihe charity during the ye81. Employ*e$ The average monthly number of employees during the year was.. 2024 Number 2023 Numbèr Management Carè hoffle 51aff 32 31 Total 36 35 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 459,673 18,258 6,163 399.854 14.138 5,077 484,094 419,069 Thor8 were no ernployees whose annual rernuneration wa5 more than £60,000.
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees Icontinuedl Remuneration of kèy management personnel The remijneralion of key management personnel was as follows". 2024 2023 Aggrègate (x)mpen5alion 97,251 93,906 10 Taxation The charity is exempt from taxation on its activities because all ils income is applied for charitable purposes. 11 Tanglblo fix•d a$$ets Fraohold land Flxtur&s and and buildlngs tittlnus Total Cost Al 1 April 2023 1.902.500 147,876 2,050,37fj Al 31 March 2024 1.9t)2,500 147.876 2.050,376 Depreciation and Impairment At 1 April 2023 Depreciab'on chargèd in the year 63.169 14.788 63,169 14,788 At 31 Mar¢h 2024 77,957 77,957 Carrying amount At 31 March 2024 1.902,500 69,919 1,972.419 Al 31 March 2023 1.902.500 84.707 1,987,207 12 Inv¢$tment property 2024 Fair value Al 1 April 2023 and 31 Mar¢h 2024 570.000 12-
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Fixed assot Invèstments Llstsd investmènts Cash in portfolio Total Cost or valuation Al 1 April 2023 Additions Valuation changes Disposals 98.230 14,300 394 112.3491 4,282 102,512 74.300 13081 112.3491 17021 At 31 MaTch 2024 100.575 3,580 104.155 Carrying amount At 31 March 2024 100,575 3,580 104.155 Al 31 March 2023 98,230 4.282 102,512 14 Debtors 2024 2023 Amounts falling due within one yèar: Trade debtors 33,586 12,855 15 Credltors: amounts falllng due within one yèar 2024 2023 Other taxation and social s&cuiily Other creditts15 Accruals and deferred income 4,209 1,191 3,129 3,352 1,114 2,951 8,529 7.417 16 Retirement b•n•fit schemos 2024 2023 Defln•d ¢ontribution schèmes Charge to profit or loss in respect of dèfined contribution 5¢hemes 6,163 5.077 The charity operates a defined contribution pension scheme for all qualifying empkiyeès. The assets of thè stheme are held separately frorn those of the charity in an independently administèred fund. 13-
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Unro$trictsd funds The unresthcted funds of the charity cornprise tha unexpended balancès of donations and gian15 which are not subject to speoific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees foi spec4fK purposes. At 1 April 2023 Incoming resour¢es Resourc¥5 expended Gains and At 31 March losses 2024 Capitsl fund General funds 2,557.207 346,358 114,7881 1624,3261 2,542,419 440.218 717,792 394 2.903,565 717,792 1639.1141 394 2.982,637 Previous yèar: At 1 April 2022 Incoming resources Rèsources •xpended Galns and At 31 March lo$¥es 2023 Capital fund General funds 2,571.995 323.194 114.7881 1555.9371 2,557,207 346,358 587,369 18,2681 2,895,189 587,369 570,725 18.2681 2,903,565 Capitsl Fund Represents the nèt book value of the caprt81 assets and investment propèty 18 Related party transactions There were no discltssable related party transactions during the year12023 - none). 19 Cash g8n¥rdted from operations 2024 2023 Surplus for the year 79,072 8.376 Adjustments for.. Investment income recognised in statement of financial activities Fair value gains and losses on investments Depreciation and impairment of tangible fixed assets 17,7341 13941 14,788 17,3901 8,268 14.788 overnents iri working capital. Ilncre8selldecreasè in debtors Incr885e in creditors 120,7311 1,112 1.518 638 Cash gangratsd from operations 66.113 26,198 14-
CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analysi$ of changès In net funds The charity had no material debt during the year. 15-