Charlty registration numbér 235440 (England and Wales) CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS LEGAL AND ADMINISTRATIVE INFORMATION Trusts•$ Sister JP Thomas Sister TM Turner Sister LM Joseph Charity number 235440 Principal addr•s8 Sl Marys Convent Ebchester Consett County Durham England DH8 OQD Indepéndent examiner Robson Laidler Accountants Limited Fernwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Bankers HSBC 110 Grey Street Newcastle upon Tyne NE16JG Investment advlsors Sl James Place Wealth Management I Trinity Gardens Broad Chare Newcastle upon Tyne NE1 2HF CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS CONTENTS Page Trustèès, report Independent examinerfs report Statement of finanoial activitiÈs Balancè sheet Statement of cash flows Notes lo the finanoial statements 7-15 CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their annual report and finanaal statements for the year ènded 31 March 2025. The financial 51alements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalements and corllply with the Gharily's goveming document, the Chaiilies Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeGlive 1 January 20191 Objectives and activities The charity's object and principal activities is to offer residential care to elderty persons, by the provision and management ol appropriate accornrllodation. The charity aims to provide the highest quality. most flexible and personal carè for each and every iesident. We treat everyone wrth eompassion, in an environment whère physical, emotional. spirstual and soci81 needs are mel. enabling our residents lo live life to the full with continu815UPPOrt being available. The Trustees confirm that the charity has complied with Section 4 01 the Chaiilies Act 2011 to have due regard to the public benefit guidance published by the Charities Commission. The charity relies on the income from fees and charges to covei most of its operating costs. In sellillg the level of fees the trustees give due consideration lo the need to ensure that the residential accommodation provided by the charity is acce55ible to all metnbers of the community. Achiev6m8nts and perfomiance The home maintains our good iating with the Carè Quality Commission. The home is committed lo the delivery of high-quality cafe. through well trained staff in a safe and homely 8nviTonment. The trusteès are dedicated lo ¢onlinuous improvements in all aspects of our se￿￿. The continual increases in the home overheads caused by recent world èv8nls. is crealing eoncems on the home'8 financial wability The overheads continue lo be high, but increases in the last year continue to be 8chievable. Con¢ein5 for financial viability are reducing. The increase in Iliving wage was supplemented by our increases in ie51dential fe6s. The management tèam continues lo overcome thesè obstacles and achieve 3 well-run positive home. The home has a wèll-eslablished quality control system in place and continue5 to receive positive feed back in all areas through our iesidenl and visiloi questionnaires. The fact we continue to have a waiting list for vacanciès within the home. is a leslament to how the home is pèrGeived by the people within our surrounding district. The occupancy within the home continues to be good and we have maintained 90Qk occupancy rate throughout the year. The recruitment ol good w&ll trained care staff has again been a problem this financial year, and il is a legaoy of the pandèmic. staff are now more reluctant lo work within care. We do not have a high lumover of staff. $0 this enables us through planning and good management lo control this pioblern. Fundrai¥ing activltlè$ The charity does not lake part in any Specific fundraising activities. Investment perfomian¢e Thè charity has invested in a small portfolio of inveslmenls, the performance of which is monitored on a ￿gUlar basis. The perfoirnance of these investments in the year was in linè with expectations. CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FinancSal review Total income lor the year was £738.87612024". £717,792). Total costs for the year were £696.76712024.. £639,114). Al the year end the Trust had closing reserves of £3,021,119 12024. £2,982,637) all of which were classed as unrestricted. Reserves policy It is the policy of the eharily that unieslricted funds which have not beèn designated for a specific use should be Tnaintained al a level equivalent lo belween three and six rronth's expenditure. At the year end the level of flee reserves stood at £392,044 which is roughly equal lo six months of running costs. Although slightly above the 51aled policy. the trustees considèr that this level of tree reserves are SuffI￿ent to ensuie that they can continue lo provide the residents with the quality of accommodation that they ar6 used to. Prlneiple sources of funding The main source of funding remains residents fees with smaller amounts received from donations, grants and legacies. Rlsk management The trustees has assessed the major risks to whi¢h the charity is exposed. and are satisfied that syslerns are in place to mitigate exposure to th6 major risks. Plans for future period$ The charity will continue lo prowde residential care lo elderly Members of the local community in accordance with the objectives of the eharily. Structur•. govemanee and management The charity is controlled by ils governing documènt, a deed of Irusl. The trustees who served during the year and up to the dale of signature of the financial statemènts were.. Sister JP Thomas Sister TM Turner Sister LM Joseph New trustee are sought a5 and when the tru51ees consider this ne¢essary and appointments are made by agreemerTrl of the trustees. The day-to-day managernent of the care home is in the hands of a manager. The trustees take an active interest in the day lo day operations of the care home. The trustees. report was approved by the Board of Tiuslees. Sister TM Turner Trustea 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 5ECOURS I repTrrt Io Ihe frusleets Lbri iiiy oxamin8iion oi 11)e fKI&iLiJI &14leFneIil% t)f C.ongregalioTI des S-'gurs d¥ Lharile de NDirp. l)Inip Èi perpoliial 88coiir$ Ilhe iliafilyl fDr Ihe year endpd ? l MaTcli 202r Ro$ponsil)ilits"es and basis of report I,- tho Iriisie6S Lil Ihè.=liar ly ynii aio I￿spOns￿e for Ilitt pri. -piialinn ol the liiiaiia* slaigrrienls In accordanw. I 'fiMrt in re¥ikY.l of my oxaminalioii of the B'iarily-5 fjnanr.llr I ￿ls1￿m￿nIS caiiied under sedinn 14% 01 In8 .haiiliès Ail 2011 In Gwrying ots! In5. ￿x￿1￿[ridElr)n I havp lolk)wed the Threcliu115 by the Q'.h31ilV ('ommissioii uiitjei %*r11n￿ 1&8151lbl ul ltrie .'h3rilie& 2.011 IiidependtttTrt oxaminer's Statement .iinLe lh* ch.Ir71y's qross I￿￿0￿7e èxceÈ'dLd E2EO,IHIO. Ilie indepeiid&fil èxaniiner mu.jl he a m£i)Iber of a b(xly Ibled Ifl 5oclion 14.5 4). the Charitie% pict 2n11, I cnnlirni Ilial I dn) qvalified lo undprtake the exaftiiiiJ￿orn l)ec.?use I rifD rj nig11)b6' of Ill￿ ACCII. .Nhich 16 ono of l..sled badle" I fDmplete# my exarrimdtion I conlirm tliat no Thatter5 Io'¥e Lomt lo allfynlion Iii coni)éaion viilh Ilie eX&￿natIr>ri giviDg vause lo ￿liev￿ Ihcil ifi r￿￿ller dl respecl 3cr,niintiiig 'e:ords were n.nl kp.p1 In re.sp-_il of ihe ilidrily Js r@qiJirp.d by sD,- Ili& liiiaFILldl Jldlotnenls do not ion)oly ¥'Jllli Ilie ayplicablo reqiJirpnieI11s Clirrcein￿9 Ilie form and wntent ol rIn.gllLI.41 s.'alLifflonl% sal oiit In thè Cl)3riiies IAccuun15 PoThJ8llt examitl?IdLm. I have iio tEinceri's ir nd Dave dLfJs5 ng olhpr m?r Ilprs in conr.eciioFI S￿117 Ilie exa￿l￿allOn to wyicl) 8llei)ts011 ghoyld b¢ rjrawt) In this rosNJi1 In older lo pnqblvTh a pioFer und￿Star1d117¥l ol the finandal sts;eniei)Is lo be reaclitrd. Nichol¥l8 C:iJnnwhaii? FCCA Rntr)son l.airll&i AcoouTrlatrt5 1 Imilpd l erniiiood House lerniyood Road Je5mGn Newpastlo upon Tine Tyne and Wear IE2 ITJ F.ntyancJ 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 2025 Unrestrictèd funds 2025 Unrèstricted funds 2024 Not•¥ Inctsme from= Donations and legacies Charitable actiwties Investtnenls 6,629 724.821 7,426 6,673 7Q3.385 7,734 Total income 738.876 717,792 Expenditure on.. Charitable activities 696,767 839,114 Total èxpenditure 696.787 639.114 Nel gainslllossesl on investmsnls 13.627} 394 Net movem•nt in funds 38.482 79,072 Reconciliation of funds.. Fund balances at 1 April 2024 2,982.637 2,903,565 Fund balances at 31 March 2025 3,021.119 2.982,637 The slalernent of financial activities includes all gains and losses rècognised 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 AT31 MARCH 2025 202S 2024 Note5 Fixed assets Tangible assets nvestmènt property Investments 11 12 13 1.957,631 570,000 101,444 1.972.419 570.000 104,155 2.829.075 2,646,574 Current assets Debtor5 Cash al bank and in hand 14 45.018 356,427 33.586 311.006 401.445 344,592 Credltors.. amount$ falling due within one year 15 19.4011 18,5291 Net currènt a$$&ts 392,044 338,063 Total assets less currènt IlabFlities 3,021,119 2,982,637 The fund5 of the charity Unreslricled funds 17 3,021,119 2,982,637 3.021.119 2,982,637 The financial statements were approved by the trustees on Sister TM Turner Trustee CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Ca$h flows from operating aetivities Cash generated froTn operations 19 38,911 66,113 Investing activitios Purchase of investments Proceeds from disposal of investments Investment income received 119,0701 18.154 7.426 114.3001 13.051 7,734 Nat ¢ash generated from invèsting activities 6,510 6,485 Net cash generated from financing a¢tivities Net incrèase in cash and Cash equivalènts 45,421 72.598 Cash and cash equivalents at beginning ol year 311,006 238,408 Cash and cash equivalents at end of year 356,427 311,006 CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountrng policias charity Snformation Congregation de5 Soeurs de charile de Notre Dame du bon el perpetual secouis is a unincorporated charity {charity number 2354401. 1.1 Accounting convention The financial statetnents have been prepared in accordance with the charity's goveming document, the Charities Act 2011 and Aceounling and Reporting by Charilie5.' Statemént of Recommended Practice applicablè to charities preparing their accounts in accordance with the Financial Reporting Standaid applicable in the UK and Republic of Ireland {FRS 1021 leffective 1 January 20191 The charity is a Public Benefit Entity as defined by FRS 102 The financi315tatements are prepared in sterling, which 18 the functional currency of thè charity. Monetary amounts in these financial slalements are rounded to the nearest £. The financi81 slaternents have been prèpaied under the historical cost convention. The principal accounting poliues adopted are sel out below. 1.2 Going coneefn Al the lime ol approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to conlir)ue in operational existence for the foreseeable future. Thus the trusteès continuè lo adopt the going concern basis of accounting in preparing the financial statemènts. 1.3 Charitsble funds Unrestricted funds are available for use al the discretion of the trustèes In furtheran¢e of their charitable objectives. Reslricled funds are subject to specrfic conditions by donors or gianlors as to how they may bè used. The purposes and uses of the resliicled funds are sel out in the note5 to the financial slalements. IA Incomo Income is rewgni5ed whèn the charity is legally entitled to il after any perfortnance conditions have been mel. the amoun15 can b8 measured reliably, and it is probable that income will be received. Cash donations ale recognised on receipt. Other donations are recognised On￿ the charity has b66n nolrfied of the donation. unless perfortnance conditions require defèrral of the amount. Incorne tax reooverable in relation to donations received under Gift Aid 01 deeds of covenant 15 recognised al the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount Is not known, the legacy is treated as a contingent as5el. 1.5 Expenditure Liabilities arè recognised as expenditure as 500n as there is a legal or conslrudive obligation eornmitting the charity lo that expenditure. it is probablè that a transfer of economic b&nefi15 will be required in settlement and the amount of thè obligation can be measured reliably. Expenditurè is a￿oUnted for on an accruals basis and has been classified under headings that aggiegale all cost related to the category. Vvhere cos15 cannot be directly attributed to particular headings they have been allocated to activities on a basis ¢on515tent with the use of resourtss. 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 2025 Accounting policle$ Icontlnuedl 1.6 Tangible fixed assets Tangible fixed assets are initially measured at C05t and subsequently measured al cost or valuation. nel of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the cost or valuation of assets les5 their residual valuès over their useful livès on the following base5'. Freehold land and buildings Fixtures and fittings not provided slraighl line over 10 years 1.7 Investment properties Investment property. which is property held to Èain rentals andlor for capital appreciation, is initially recognised al cost, which includes the purchase ¢051 and any directly allributable expendituie. Subsequently it is measured al fair value al the reporting end date. The surplus or deficit on revaluation is recognised in profil or loss. 1.8 Fixed asset investments Fixed asset investtnenls are initially mÈ35ured at Iiansaction price excluding transaction cos15. and are subsequently measured at fair value al each reporting date. Changes in lair value are recognised in net incomellexpendilurel for the year. Transaction ¢051s are expensed as incurred. 1.9 Ca$h and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-lerm liquid invéstrnents with original maturities of three months or1Èss, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Retirement benefits Payrnenls lo defined contribution retirement benefit schemes are ch8iged as an expense as they fall due. Donatjons and lègacies Unrestricted Unrestricted funds funds 2025 2024 Donations and grfts Legacies receivablè 2,985 6.673 6,629 6,673 CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Income from charitablè activities Unr•stricted funds 2025 Unrestrictsd funds 2024 Charitable activities Resident fees 724,821 703,385 Income from investments Unrestrlcted Unrestricted funds funds 2025 2024 Rental incorne Income from listed investments 4,800 2,626 4.800 2.934 7,426 7,734 CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitablè activities Charitable a¢tivities 2025 Charitable activitie5 2024 Direct costs Staff costs Depreciation and impairment Rates and water Insuran Light and heal Tr8nsport and travel Repairs and maiT)tenan¢e Staff training House and garden Residents food Agency staff costs 527.793 14,788 8,095 13,653 35.261 1.082 42,006 1,395 6,625 27,300 8,882 484,094 14,788 5.866 12.526 39,553 1,397 34,305 1,691 7,112 23.015 686,840 624,347 Share of support and governancè costs Iseè note 61 Support Govemance 4,998 4,929 9,951 4.816 696.767 639,114 Analysis by fund Unieslricterj funds 696.767 639,114 Support costs allocated to activitie$ 2025 2024 Postage and slalionery Sundry expenses Bank chargès Govemance c051s 2,690 2.153 155 4.929 2,667 7,124 160 4.816 9,927 14,767 Analy$ed befv4èÈn: Charitable activities 9,927 14,767 10 CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS ICONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocatèd to actlvlties (Continuedl 2025 Governan¢e costs comprise: 2024 Legal and professional Indepèndent examiners fsès 1.711 3,218 1,686 3,130 4,929 4.816 Net movement in fund$ 2025 2024 The nel movement in funds is stated after chargingllcreditingl.. Fees payable for the independent examination of thÈ charity's financial statements Oeprecialion of owned tangible fixed assets 3,218 14,788 3.130 14,788 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. Employge8 The average monthly number of ernployees during the year was". 2025 Number 2024 Number Management Care home staff 30 32 Total 34 36 Employment ¢osts 2025 2024 Wages and salarie5 Social security costs Other pènsion costs 496,870 23,948 6,975 459,673 18,258 6.163 527,793 484.094 There were no employees whose annual remuneration was more than £60,000. CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS ICONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Employees Icontinuèdl Remunerdtion of key management personnel The remunèration of key management personnel was as follows.. 2026 2024 Aggregate compensation 116.209 98,849 10 Taxation The charity is exetnpt from taxation on ils activities because all ils income is applied tor charitable purposes. 11 Tangiblè fixed assets Fr86hold land Flxture5 and and bulldlngs flttlngs Total Cost Al 1 April 2024 1,902,500 147,876 2,050.376 At 31 March 2025 1.902,500 147,876 2,050,376 Depreclation and Impaimient At 1 April 2024 Depreciation chaiged in the yèar 77.957 14,788 77.957 14,788 Al 31 March 2025 92.745 92.745 Caryiny amount At 31 March 2025 1.902.500 55,131 1,957,631 At 31 March 2024 1,902.500 69,919 1.972,419 12 Invgstment propèrty 2025 Fair valuè Al 1 April 2024 and 31 March 202S 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 2025 13 Fixed asset investments Listsd investments Cash in porttolio Total Cost or valuation Al 1 April 2024 Additions Valuation changes Disposals 100,575 19,070 13,6271 118,5231 3,580 104,155 19,070 {3.2581 118.5231 369 Al 31 March 2025 97,495 3,949 101,444 Carrying amount Al 31 March 2025 97,495 3.949 101,444 Al 31 March 2024 100.575 3,580 1(14.155 14 Debtors 2025 2024 Amounts falling due withln one year: Trade dÈbtor$ Prepayments and accrued income 44,618 400 33,586 45,018 33,586 15 credito￿.. amounts falling due within onè year 2025 2024 Othei taxation and social security Other creditors Accrua15 and deferred income 4,942 1.208 3.251 4,209 1,191 3,129 9,401 8,529 16 Retiremant benefit schemes 2025 Dgfined contribution schemes 2024 Charge lo profit tsr loss in respect of defined contribution schemes 8,975 6,163 The chaiily operates a defined contribution pension scherne for 311 qualifying employees. The assets of the schème are held separately from those of the charity in an independently adTninistered 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 2025 17 Unrèstricted fund$ The unrestricted funds of the charity ¢ornprise the unexpended balances of donations and grants which are not SLJbiecl to specific Conditions by donors and gianlors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustee5 for specifie purposes. At 1 April 2024 Incoming rfrsources Resources •xpended Gains and At 31 March losses 2025 Capital fund Géneral funds 2.542.419 440.218 114.7881 1681,9791 2.527.631 493,488 738,876 13,6271 2,982,637 738,876 1696,7671 13,6271 3,021,119 Previou$ year: At 1 Aprll 2023 Incoming resources Resour¢es èxpended Gains and At 31 March losses 2024 Capikl 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 Capital Fund Represonls the net book value of the capital assets and investment property 18 Related party transactions Theie were no disclosable related party transactions during the year12024- nonel. 19 Cash generat&d from opèrations 202S 2024 Surplus for the year 38.482 79,072 Adjustments for.. Investment income recognised in statement of financial activities Fair value gains and losses on investmen15 Depreciation and impairment of tangible frxed assets 17,4261 3,627 14,788 17,7341 13941 14,788 Movèments in working capltal: Ilncreasel In debtors Increase in creditors 111.4321 872 120,7311 1,112 Cash generated from operations 38,911 66.113 14- CONGREGATION DES SOEURS DE CHARITE DE NOTRE DAME DU BON ET PERPETUAL SECOURS NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 20 Analysis of ¢hangè¥ in net funds The charity had no material debt during the year. 15-