Slsters St Poul dt Chartres Charltable Trust AnDy•l Repvrt #nd Statement of Account 31 De¢emb¢r 2024 Cliarity Registration Numb 243214
Contents Reports Legal and adminis¢rdiiVe infomiation Independenl cxaminer's report Accounts Rcccipts and payments account S¢d*menl uf asscts and liabilities siste of St Paul Ik Chartrcs Charithblc Trust
Leg¥1 and administrative infomatio Trnstees Grac¢ June Ralph Yeong Ja Song Isabella Cushnan Emily Acena Castillo (Resigned 03.[.25) Mi Kyeon¥ Hwang {Appuinted 03.06.25) PrlN¢lpal ofiice 30 AiKrdccn PaAt Highbury London N5 2RL Chrlty reglitrdon number 243214 Independent Examlner JCS AcLounlonts 5 Robin Hood lanc Sunon suCY SMI 2SW Banken Cvutts & Cv 440 Strand London WC2R OQS Soll¢l¢ors Wc(llakc Bell LLP 71 Queen Vicioria Street London EC4V 4AY Sistws of Si Paul de CThartrts Charitsble Tnjst
Trn$tees' report 31 DecembcT 2024 Th¢ tru51ccs preseni their staiutory rew)rt tog¢ther with th¢ accounts of thc Sisters of Si Paul de Chartr&q. Chantable Tn for the year cnd¢d 31 Dec{b 2024. Constilutlon The Sistcrs of Si Paul de Chartr&8 is a Roman Catholic religious cOneallOn. accounts accompanying this rqx)rt are the accounrs of the charitsblc tnLsI on which the ass¢is of the congrcgation in England and Wales ar¢ held and through which ils finances op¢raic. The trusi is governed by a deed dated I l May 1965, and is regisiered under the Chariiies Act 1993, Charity Rcgistrdtion No. 243214. PrInci1 #Ims and •¢lltIeS Th¢ aims of the Charity thL SUPPOrt uf such chthtsble purwscs as to iidvance thL rcli¥ious and uiher ¥harithblc w(yrk fw thc timL tK'ing carrllL on by, or undcr tlie dir¢Ltson of. congregatson. Orgnlsitlon The trNstees who held offic¢ duTing th¢ year and at the da ofthis report are shown on pa8e l. The trustccs arL' apN)intLd by thc Supcriur of ihc Longrcgaii( in England Walcs. Slsttr Superlor's rtvtew of th¢ work and ¢hlevemen¢$ of the CODEre8xtlon durlng the yer including public b¢n¢fil The Irustees have had Tegard w the public benefil guidance I&$U by the Charity CommiMion. During thc past year, 2024. we r¢sumcd our cnga8LrynliS alld ci)mmitmcnts in thc parish of St. Joan of Arc. Highbury. a5 well &s in tlie broader area of Islington. As our work is benefi¢ial to a wide range of people. we pleased to hav¢ bcen able io continue with all our previous activities. Somc memivs of our congregation are advanced in age or h8vc hLalth problcrt. yei Ihcy are still vcry aLlive in tlic p&%toral niinistry. Wc continu¢ to offLr our scrviccs lo the b¢xi of our abiliiy and capacily. The work in thc parish takes on many forms. SULh &% singing in thc choir. pirpaTation for all liturgical scrvicc5 WCII as helping with th¢ gcneral carc of the church. Visits to the sick and housclM)und ar¢ Unde¢ on a r¢gular basi5 &5 morc and morc people arc becoming infirn1 and housebound. Thc sisicrs havc offercd spiriiua], matcrial and financial help to ihe of the parish through the Soci¢iy of Si. Vincei)I de Paul. ContTibutiO$ io the fo(Ml bank have iDcrea&¢d as more and more people are sirug¥ling lo feed their families. Th¢ 5i5ters also give global assistance to the w ihrough CAFOD (Catholic Ageracy for Overse&s tkvelDpn¢nt). One of our sisters also 5crves &5 a voluiiteer SistCTS of St Paul de Chartsrs Charitable Tt
Trustee5' report 31 t)wanbcT 2024 Sister Superior's review of the work and ¢hievements of the Congregation durlng the year Inrludlng publit bcneflt (contlnued) with the Pa&sage. which is a day Cen in Victrrfia which offers help and 5UPPOrt to th¢ humclc&s and desiimic. The SiSrs also offer Spirinl guiddncc to those in need through praycr. IistL'ning ro th¢ir C(cenL$, or JU king there fvr thcm lo talk to. Faithful lo our origins as parish 515ter& we also Tender setvices and supw)rt 10 those sisters who visit to pursue courses her¢ in England thtoughoui the year. W are dLlighicd io be able to ¢(Trnlinue our ¢ummilrnent to thL KvrL'an community in New MaldLn. On¢ uf our sist¢rs is available fiv¢ days a W.k and is lh¢ L(N)rdinaiur for all ili¢ Pdrish aLlivilic5. This is a unique dposioldlc and ()nc thal is much apprccidtcd by thc Korean communily here in London. It is our hopc thai in ?0?5 another sistcr will com¢ to help wRtli uur apostolai¥. Flnnell report for the y¢r A summary of ihe yvdr's recetp¢s and paymenLs accou1 can b¢ found on pa¥e 5 of the attaL'h¢d Mccounts. Th¢ slalLmcnt of ets aod liabiliti uf th¢ Lhdrity is un 6. The charity's reserves policy is deteMiin by the changing ne¢ds ol. th¢ congrega(ion and the fluctuating nature of its charitsble activities. The ts51¢eS consider that lh¢ Current l¢vel of free r¢serv¢s, as repr¢s¢ntcd by the ¢hariiy's mon¢tary and invesunent assets shoMTn on page 6, is maintain flexibility lor futur¢ nceds. Tru$ttts' re8wn$lblllttes sttemell¢ The trustees are re%)sthIe for the prewation of receipts and pAymenLs accounL% for each finan¢ial year and a sthtement of and liabilities the end of each fiiwKial yekr. Thc tr$teLlI havc rcsponsibiliry foT nuintsining propcr dLLuunting rccords which disLIos¢ with rcasondblL dL¢uracy al dny tiin¢ thc findnLial wTrsition of ihe chariry Lnablc th lo enSUTe that the financial SthicrnenLs comply with charity legislatioii. Ti)ey a150 have rcsponsibility for safeguarding the of the clwity and f(ff tsking reasonabl¢ steps to prevent and deiecl fraud and other irregularities. Aprwovcd by the Ttwtccs on 17 Augusi 2025. Signed on half of the trustccs: Gracc June Ralph Trnstee Sistrrs of Si Paul de Chartres Charitablc Trust 3
Independent ei¥m1er.$ reporl 31 Decembcr 2024 Independent examltyer's report to the ¢rustee5 of the Sttr5 of St Paul de Cb4rtre4 Ch¥riÉble Trust I report to the trn5 on my examination of the accounts of the Sister5 of St Paul de Chartres Charithblc Trud lthc chatiry) for the y¢ar ended 31 Deccmbct 2024, Nthich are set out un pagcs 5 4nd 6. Resp•DbIllrtes and basis of report As th¢ chartty's trus(ees you are re4x)nsibl¢ for thc preparats'on of the accounts in accordance with the requirements of the Charities Ad 2011 (th¢ Acil. I rewL in respeci of my examinalion of the charity's accounLg carried out under %¢ction 145 of the 2011 A¢¢ and in carying oui my examinaiion I have followed dll the iipplicable DircLtiorL$ given by the Charity Commi&%ion under tin 145{5Xb) of thc Act. IDdep¢ndent ¢Tmlner's st*temettt I hdV¢ complcled my examination. I confimi thai no matrrial mauers have cume lo my attcntion in conncctivn with thc examinatiijn giving me causc to bclicve that in any mdi¢ria] ccouniin8 rOr&S were not kept in respecl of the charity &$ required by seclion 130 of th¥ ALt' vr 2. the accounts do not accord with those records. I have Concerns havc comc across w other matters in conncction with the cxaminalion io whiLh atten11 should k drawn in this rcpurt in ord¢r io Lnabl¥ a propLT understanding of the accounts lo be rhe Miriarn Hick50n cfA FCA JCS Acc<MmtsllL8 5 Robin Lane Sutton Surrey SMI 2SW Date Sisters of Si Paul dc Chartrcs Charitable Trust
Receipts and payments account Year to 31 Decemlv 2024 Unrestricted funds Total Total 2024 2023 Receipt5 Donaii(Trns and similiw ffccipls . Contnbution from othL"r prrjvinccs of thL congrcga¢ion for mainienanc¢ of 5DJdent sisiers and premises Pensions of Individual rcligious donated to ihe Charity . Salary of individual religious d(Jnated to the charity General donations Interesi Other income Total rteelpts 25.770 6.442 13,555 J,941 10.90# 4,201) 6.103 12,383 7.7(M) 10,293 5¥,616 Payments Q"hati(able expendiiiire . Suppon of members of the congregaiion and their ministry . PremitDetb . Sislers. personal expense F.duClon, Irdining and spiritual renewal . Managemcni and administralion vf the ¢hariry Legal and professional f¢es To(1 pa)'rnents 140,147 24,261 3,0811 139.222 39,R51 5,000 7,533 175,029 3,600 187,673 Net recdp¢sl{pymenti) (116.413) (146,9941 Balances brought fonvrd 4t l Jnuary 2D24 594,706 741,7(M) Bl#nces earrled forward at 31 December 2024 47&293 594,706 Sist5 of St Paul d¢ ChaTtrcs Charitablc Trust
Statement of assets and Ilabilities As ai 31 [kCeM 2024 2024 2023 Monetary assets C&sh in hand and ai bank 337,81% 459,507 Investment assets Short ¢emi bank depositb 140,475 135,199 Noll monetary *s5ets held for the chlrlty's own u$t Land and buildings at co Msxor vehicle ai net LM)ok valu¢ 337.234 337,234 337.234 337,234 Credl(ors due wlthln one yexr Sundry Creditors 1,944 1.848 The rcccipL% and paymcnL$ account scl out on pw 5 for the ycar endd 31 Dcccmbcr 2024 and the aEK)ve sthtement of a&s¢ts and liabiliti¢s at 31 December 2024 were approv¢d by the tntstees on 17 August 2025 and signed on their behalf by: irace June Ralph Trustet ILDE Slstcrs of St Paul dc Chattrcs Charitable Trust