Charity registration number 238148
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mother M Curran | |
|---|---|---|
| Sister P Story | ||
| Charity registration | England and Wales | 238148 |
| Principal address | Monastery of Our Lady of Holy Hope | |
| Minsteracres | ||
| Nr Consett | ||
| Co. Durham | ||
| DH8 9RT | ||
| Independent examiner | Darren Harding ACA FCCA DChA | |
| Richard Place Dobson Services Limited | ||
| Ground Floor | ||
| 1-7 Station Road | ||
| Crawley | ||
| West Sussex | ||
| RH10 1HT |
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 16 |
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
The charity is established for such charitable purposes which advance the religious and other charitable work carried on by or under the direction of the Society. In so deciding what activities to undertake the trustees have paid due regard to the Charity Commission's current guidance on public benefit including guidance on advancement of religion.
The objective's of the charity are to provide both sanctuary and spiritual advice to other religious orders and the public for the good of the communities the charity serves, to assist those in need and to promote the word of God and the worship of Our Lord within the scope of what is charitable.
Public benefit
The charity's trustees have referred to the guidance in the Charity Commission's general guidance on Public Benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, they have considered how planned activities will contribute to the aims and objectives they have set.
Achievements and performance
The charity puts faith into practice promoting the whole mission of the Church, pastoral, evangelical and social, by prayer, scripture, sacramental life and selfless service. During the year the work of the charity has been directed towards:
-
Support of the Roman Catholic Church in its mission concerning the welfare and protection of children and vulnerable adults within the community.
-
Making available religious counselling, particularly for those facing their own life crises or helping others with their difficulties.
Financial review
The charity had net incoming resources for the year of £74,146 (2024: Net incoming resources £123,116).
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between twelve and twenty-four months months expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Investment policy and objectives
Investment strategy is managed by the charity's investment advisors who take into account its income requirements, the risk profile of the investments and their view on the market prospects in the medium term. This strategy is set within an overall policy, which requires funds to be invested in low and medium risk investments
Structure, governance and management
The charity was established by a charitable trust deed on 4 November 1964 as amended by resolution passed under section 74D of the Charities Act 1993 as amended by the Charities Act on 6th January 2019.
page 1
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees who served during the year and up to the date of signature of the financial statements were: Mother M Curran Sister P Story Mother R Cappelletti (Deceased 13 March 2026)
Trustees are selected from fully professed members of the Congregation and they are introduced to the role and the responsibility of being a trustee by attendance at meetings.
Risk
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees' report was approved by the Board of Trustees.
..............................
Mother M Curran Trustee Dated: .........................20 August 2026
page 2
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
I report to the trustees on my examination of the financial statements of The Charity of the Contemplative Passionist Nuns Ministeracres (the charity) for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no 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 charity as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RH10 1HT Date: ............................21 August 2026
page 3
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted Unrestricted funds funds general designated 2025 2025 Notes £ £ Income and endowments from: Donations and legacies 3 320 - Investments 4 - 752 Other income 5 26,996 - Total income 27,316 752 Expenditure on: Raising funds 6 - 28,684 Charitable activities 7 76,020 7,189 Other expenditure 12 19,222 - Total expenditure 95,242 35,873 Net gains/(losses) on investments 13 - 177,193 Net income/(expenditure) (67,926) 142,072 Transfers between funds 39,500 (39,500) Net movement in funds 9 (28,426) 102,572 Reconciliation of funds: Fund balances at 1 January 2025 94,474 3,204,201 Fund balances at 31 December 2025 66,048 3,306,773 |
Total Unrestricted Unrestricted funds funds general designated 2025 2024 2024 £ £ £ 320 100 - 752 - 774 26,996 29,444 - 28,068 29,544 774 28,684 - 27,794 83,209 52,730 7,189 19,222 - - 131,115 52,730 34,983 177,193 - 180,511 74,146 (23,186) 146,302 - 13,500 (13,500) 74,146 (9,686) 132,802 3,298,675 104,160 3,071,399 3,372,821 94,474 3,204,201 |
Total 2024 £ 100 774 29,444 |
|---|---|---|
| 30,318 | ||
| 27,794 59,919 - |
||
| 87,713 | ||
| 180,511 | ||
| 123,116 - |
||
| 123,116 3,175,559 |
||
| 3,298,675 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
page 4
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
BALANCE SHEET
AS AT 31 DECEMBER 2025
| Notes Fixed assets Tangible assets 15 Investments 16 Current assets Debtors 17 Cash at bank and in hand Creditors: amounts falling due within one year 19 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 20 Net assets The funds of the charity Unrestricted funds - general 22 Unrestricted funds - designated 21 |
2025 £ 1,948 37,472 39,420 (10,081) |
£ 707,897 2,635,585 3,343,482 29,339 3,372,821 - 3,372,821 66,048 3,306,773 3,372,821 |
2024 £ - 47,287 47,287 (7,724) |
£ 734,489 2,525,824 3,260,313 39,563 3,299,876 (1,201) 3,298,675 94,474 3,204,201 3,298,675 |
|---|---|---|---|---|
The financial statements were approved by the trustees on .........................20 August 2026
.............................. Mother M Curran Trustee
page 5
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
Charity information
The Charity of the Contemplative Passionist Nuns Ministeracres is charitable trust. The principal address is Monastery of our Lady of Hope, Minsteracres, Near Consett, Co. Durham, DH8 9RT.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds are those set aside as determined by the trustees. Further explanation of the nature and purpose of each fund is included in the notes of the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Donations are recognised when the charity has received notification of both the amount and settlement date.
Investment income includes interest received in relation to investments, and is recognised in the year in which it is receivable.
Other income represents amounts received from Ofgem in relation to the Renewable Heat Incentive and state pensions received for each sister. Both are recognised when they are received.
page 6
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
(Continued)
1.5 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.
Costs of charitable activities are incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Governance costs include costs incurred in dealing with the legal and administration duties of the charity and are recognised when incurred. These are now included within support costs and allocated to direct charitable activities.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings 1% straight line Fixtures, fittings & equipment 10% reducing balance Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at market value at each reporting date. Changes in market value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Cash and cash equivalents
Cash represents amounts held on short term deposit accounts and is measured as the actual amount of cash held in the account.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
page 7
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
(Continued)
Basic financial liabilities
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.
1.11 Taxation
The charity is exempt from tax on its charitable activities.
1.12 Realised gains and losses
All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
Investment value
Valuation of investments at market value, based on calculation by the investment fund manager. The investments held are all shares listed on a recognised stock exchange and have an easily identifiable market value.
Land and Buildings
Residual estimated value of land and building is in excess of cost and the property is not being impaired.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 320 | 100 |
page 8
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
| 4 | Income from investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| designated | designated | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest receivable | 752 | 774 | |
| 5 | Other income | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Net gain on disposal of tangible fixed assets | - | 3,910 | |
| Other income | 5,545 | 4,052 | |
| Sisters pension | 21,451 | 21,482 | |
| 26,996 | 29,444 | ||
| 6 | Expenditure on raising funds | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| designated | designated | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Investment management | 28,684 | 27,794 |
page 9
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
7 Expenditure on charitable activities
| Direct | Direct | |
|---|---|---|
| Charitable | Charitable | |
| Expenditure | Expenditure | |
| 2025 | 2024 | |
| £ | £ | |
| Direct costs | ||
| Depreciation and impairment | 17,038 | 16,929 |
| Rates and water | 1,178 | 774 |
| Insurance | 2,047 | 1,892 |
| Light and heat | 5,574 | (587) |
| Telephone | 413 | 845 |
| Postage and stationery | 182 | 191 |
| Sundries | 332 | 1,100 |
| Charitable donations | 3,385 | 3,359 |
| Motor and travelling expenses | 9,706 | 994 |
| Sisters needs | 17,753 | 18,395 |
| Repairs and maintenance | 6,634 | 5,249 |
| Medical | 9,470 | 4,047 |
| Computer expenses | 328 | 50 |
| Licences | - | 170 |
| 74,040 | 53,408 | |
| Share of support and governance costs (see note 8) | ||
| Support | 249 | 191 |
| Governance | 8,920 | 6,320 |
| 83,209 | 59,919 | |
| Analysis by fund | ||
| Unrestricted funds - general | 76,020 | 52,730 |
| Unrestricted funds - designated | 7,189 | 7,189 |
| 83,209 | 59,919 |
page 10
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
8 Support costs allocated to activities
| Direct | Direct | ||
|---|---|---|---|
| Charitable | Charitable | ||
| Expenditure | Expenditure | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Bank Charges | 185 | 126 | |
| Loan interest | 64 | 65 | |
| Governance | 8,920 | 6,320 | |
| 9,169 | 6,511 | ||
| 2025 | 2024 | ||
| Governance costs comprise: | £ | £ | |
| Audit fees | 7,920 | 6,320 | |
| Legal and professional | 1,000 | - | |
| 8,920 | 6,320 | ||
| 9 | Net movement in funds | 2025 | 2024 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable to the charity's independent examiner: | |||
| - for the independent examination of the charity's financial statements | 2,400 | 2,400 | |
| - for other financial services | 5,520 | 3,920 | |
| Depreciation of owned tangible fixed assets | 17,038 | 16,929 | |
| Loss/(profit) on disposal of tangible fixed assets | 19,222 | (3,910) |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
Trustees' expenses
The trustees are also members of the community. Members of the community are maintained by the charity and the cost of premises, meals and other living expenses in respect of each sister are paid by the charity.
11 Employees
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
page 11
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
12 Other
| Unrestricted funds general 2025 Net loss on disposal of tangible fixed assets 19,222 19,222 |
Total £ 2024 - |
|---|---|
| - |
13 Gains and losses on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| designated | designated | |
| 2025 | 2024 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investments | 177,772 | 176,182 |
| Sale of investments | (579) | 4,329 |
| 177,193 | 180,511 |
14 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
page 12
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
| 15 Tangible fixed assets Cost At 1 January 2025 Additions Disposals At 31 December 2025 Depreciation and impairment At 1 January 2025 Depreciation charged in the year Eliminated in respect of disposals At 31 December 2025 Carrying amount At 31 December 2025 At 31 December 2024 |
Land and buildings Fixtures, fittings & equipment Motor vehicles £ £ £ 730,000 73,888 45,905 - - 11,579 - - (30,450) 730,000 73,888 27,034 51,623 51,236 12,445 7,189 2,265 7,584 - - (9,317) 58,812 53,501 10,712 671,188 20,387 16,322 678,377 22,652 33,460 |
Total £ 849,793 11,579 (30,450) 830,922 115,304 17,038 (9,317) 123,025 707,897 734,489 |
|---|---|---|
On completion of the building work the property was valued at £730,000. On adoption of FRS 102 the trustees have elected to adopt this valuation as deemed cost.
16 Fixed asset investments
| Listed investments £ Cost or valuation At 1 January 2025 2,496,886 Additions 9,971 Valuation changes 177,772 Income - Purchases - Disposals (61,466) At 31 December 2025 2,623,163 Carrying amount At 31 December 2025 2,623,163 At 31 December 2024 2,496,886 |
Cash in portfolio £ 28,938 - - 61,638 (78,154) - 12,422 12,422 28,938 |
Total £ 2,525,824 9,971 177,772 61,638 (78,154) (61,466) 2,635,585 2,635,585 2,525,824 |
|---|---|---|
page 13
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
16 Fixed asset investments Historical Costs At 31 December 2025: £1,487,936 At 31 December 2024: £1,514,297
(Continued)
There were no investment assets outside the UK.
The following investments were held that represented over 5% of portfolio holdings: Dimensional Global Core Equity D Acc - 16.92% (2024: 16.52%) Dimensional Global Short Dates Bd Acc - 57.62% (2024: 59.37%) Dimensional Global Targeted Value D Acc - 16.75% (2024: 16.21%)
Revaluation reserve of £1,135,227 (2024: £982,588) are included in designated funds.
| 17 Debtors Amounts falling due within one year: Prepayments and accrued income 18 Loans and overdrafts Other loans Payable within one year Payable after one year 19 Creditors: amounts falling due within one year Borrowings Other creditors Accruals and deferred income 20 Creditors: amounts falling due after more than one year Borrowings |
2025 £ 1,948 2025 £ - - - 2025 £ - 4,561 5,520 10,081 2025 £ - |
2024 £ - |
|---|---|---|
| 2024 £ 3,777 |
||
| 2,576 1,201 |
||
| 2024 £ 2,576 2,029 3,119 |
||
| 7,724 | ||
| 2024 £ 1,201 |
page 14
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
21 Unrestricted funds - designated
These are unrestricted funds which are material to the charity's activities.
| At 1 January 2025 £ Investment Fund 2,525,824 Land and Building Fund 678,377 3,204,201 Previous year: At 1 January 2024 £ Investment Fund 2,385,833 Land and Building Fund 685,566 3,071,399 |
Incoming resources Resources expended £ £ 752 (28,684) - (7,189) 752 (35,873) Incoming resources Resources expended £ £ 774 (27,794) - (7,189) 774 (34,983) |
Transfers Gains and losses At 31 December 2025 £ £ £ (39,500) 177,193 2,635,585 - - 671,188 (39,500) 177,193 3,306,773 Transfers Gains and losses At 31 December 2024 £ £ £ (13,500) 180,511 2,525,824 - - 678,377 (13,500) 180,511 3,204,201 |
Transfers Gains and losses At 31 December 2025 £ £ £ (39,500) 177,193 2,635,585 - - 671,188 (39,500) 177,193 3,306,773 Transfers Gains and losses At 31 December 2024 £ £ £ (13,500) 180,511 2,525,824 - - 678,377 (13,500) 180,511 3,204,201 |
|---|---|---|---|
| 3,204,201 |
The Investments Fund is set aside to provide income for the ongoing needs of the sisters in their ministries and ongoing care.
The Land and Buildings Fund is set aside to represent the charity's use of the land and buildings in pursuance of its charitable objectives.
22 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 January 2025 £ General funds 94,474 Previous year: At 1 January 2024 £ General funds 104,160 |
Incoming resources Resources expended £ £ 27,316 (95,242) Incoming resources Resources expended £ £ 29,544 (52,730) |
TransfersAt 31 December 2025 £ £ 39,500 66,048 TransfersAt 31 December 2024 £ £ 13,500 94,474 |
|---|---|---|
page 15
THE CHARITY OF THE CONTEMPLATIVE PASSIONIST NUNS MINISTERACRES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
23 Analysis of net assets between funds
| Unrestricted Unrestricted funds funds general designated 2025 2025 £ £ At 31 December 2025: Tangible assets 36,709 671,188 Investments - 2,635,585 Current assets/(liabilities) 29,339 - 66,048 3,306,773 Unrestricted Unrestricted funds funds general designated 2024 2024 £ £ At 31 December 2024: Tangible assets 56,112 678,377 Investments - 2,525,824 Current assets/(liabilities) 39,563 - Long term liabilities (1,201) - 94,474 3,204,201 |
Total 2025 £ 707,897 2,635,585 29,339 3,372,821 Total 2024 £ 734,489 2,525,824 39,563 (1,201) 3,298,675 |
|---|---|
24 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
page 16