The Association of Sisters of the Sacred Name of Jesus 57 Mount Park Road London W5 2RU Report and Financial Statement Year ended 31 December 2023 Charity Registration Number 272298 The Association of Sisters of the Saered Name of Jesus Page Contents Contents Legal and administrative infornlation 3 & 4 Trustees, report Independent examinevs report Stalemenl of financial activities Balanc¢ shcct 8 to 13 Notes fomiing part of Ihe finanLial Siatcment The Association of Sisters of the Sacred Name of Jesus Legal and Admlnlstrxtive Infomatlon Trustees Sisler Barbard Osuch Sister Zofia Duda Sister Maria Bielska Sister Elzbieca Posiewala Admlnlstrailve Man%ger Sister Krysryna Osuch Offlce 57 Mount Park Road, Ealin8, London WS 2RU Independent Examlntr Anna Jakubowska MICB, 38 StAtion Road, Woburn Sands. MK17 8RU Bankers National WLStminsicr PLC. l Thc Mall, Ealin¥, London W5 2PL Solltitors Wiktori& Lenkiewicz. R¢gcnt Consulting, 68 Brookbank Av¢, W7 3DW The Associatlon of Slsters of the Sacred Name of Jesus Report of the Trustees for the year ended 31 December 2023 Thc Trustccs pr¢5cnt thcir rcport along with thc financial statements of thc charity for thc year cnded 31 st Deccmbcr 2023. Thc financial statements havc bcen preparcd tn accordance with th¢ accounting policies set oui on page 8 and comply with th¢ charity's trust deed and applicable law. Constltution and objeets The Association of Sisters of the Sacred Name of Jesus is constituted undeT a Tnjst Deed daied October 1976 and is registered as charity no 272298. The charity is an unincorporated religious association. The main objcct of the charity is the PTovision of residential carc for clderly p¢ople. Organisation Thc trustees who have served during the year and since the year end are sct out on page 2. The trustees are entitled to co-opt additional trnstees during the year. The trnstees are appointed at the Annual general meeting. The trustees meet as and when required to transact the charity's business. The trustees constitute the governing body with the management committee made up of a Chaimiai Secretary and Treasurer. The home is administered by the manager and there are eight members of staff all Consisting of sisters of The Congregation of Sisters of the Sacr¢d Name of Jesus all of whom ar¢ unpaid volunEccrs. General There are no restrictions imposed by the governing docurnent con¢eming the way in which the charity can operate. There are no specific powers or limitations as to trustees, authority to make investments. The policy is to use the Visitation of OUT Lady Home as a residential care home. During the year the trustees have continued to the residential home. There were three to five rcsidcnis during the year and addilionally thoTC was onc pcrson being carcd for in thcir own homc. During the year ended 31 st December 2023 the Charity donated £0 {£20,000 in previous year) to The CoT]gTegatton of Sisters of the Sacred Name of Jesus in Warsaw and £0 (£7.000 in previous yeor) to Sisters in Namibia. The charity expects that the future income and expenditure will remain at approximately the same level as at present. The Association of Sisters of the Sacred Name of Jesus Report of the Trustees for the year ended 31 Deomber 2023 eontlDued Trnstees, responslbllltles In reladon to the flnanelal statements Law applicable to charilles in England Wales requires the trusttts to prepare fmaneial S￿tements for each financial year which g]ve a and fair view of the charity's fmancial activities during the year and of its financial position at the end of the ye8r. In preparing those fwancial Statements. the tn￿￿¢5 are required to.. Select suitable accounling policies and then apply them coThsistenily: Make judgements and estimates that are rcason8ble and pn￿enl wheiher applicable accountin8 swidards and slalemenLs of recommended praclice have bccn followcd subjcct to any dcparturcs di5clos¢d and cxplaiNI in thc financial statcmcnts, and Prcpare financial statements on the b￿15 of a 80ing concern unless it is In￿proprIate to presume that the Chariiy will ¢ontinue in business. Thv trust¥¢s are rL'sponsible for keeping accouniing T¢￿rdS which disclos¢ with rwonable accuracy at any timc th¢ fuwicial position of the charity and enable them to ensure that Ihe financial stslLmcnts comply with the CharitiL¥ Aa 2011. Th¢y are also rL'spon$ible for safeguarding thc assets of the charity and for tsking reasonable steps for ihe prcvcniion and dcicciion of fr8ud and other irre8ularities. Approvcd by th¢ ￿￿te¢S and si8n¢d on thcir bchatf by.. Tn￿ee 19th October 2024 The Assoeiatlon of Sisters of the Sacred Name of Jesus Report of the IndepeJJdent Examlner To the trustees of The Association of Sisters of the Sacred Name of Jesus I report to the trustees on my examination of the accounts of the above charity for the year ended 3 1st December 2023. Resp¢cllve responsibilities of the trustees and ￿a￿l￿er As the charity tn￿tee$ you are responsible for the preparation of accounts in accordance with the Charities Act 2011 (the 2011 Act). I report Tn respect of my examination of the Trust's accounts Ca￿led out under section 145 of the 2011 In carrying my examination I havc followed all the applicable Dircctions given by th¢ Charity Commission tmder section 145(5)(b) of the 2011 Act. Jnd¢pendent ￿aMIner'S slalem¢nL I have completed my examination. I confirni that no material matters have corne to my attention in connection with tbc cxamtndlion whicb gives mc causc ro believc that ill. any material respccL: the accounting records were not in accordance with section 130 of the 201 l Act. or the accouT]ts do not accord with the accounting records. or the accounts do not comply with the applicable requirements concerning the fomi and content of accounts sct out in the Charities (Accounts and R¢ports) Regulations 2008 other than any requirement that the dccounts give a "true and fair" vicw which is not a matter considered as part of an independent examination. I have no concerns and have come across no other rnatte￿ in connectlon with the examination to which attention should be drawn in this report in order to enable a proper underst8nding of the accounts to be reached. 19th October 2024 Anna Jakubowska MICB Certified Bookkeeper 38 Ststion Road Woburn Sands MKI 7 8RU The Association of Sisters of the Sacred Name of Jesus Statement of financlal a¢tivities for the yeAr ended 31 Decenjber 2023 2023 2022 Notei Total Incon￿ng regources 229W2 242,514 Resources eipeDded Total resourees expended 243,180 215.000 et movement or rund -13J49 27.514 Balanet brought forward 573J47 54J.833 Balance carrled to balanee sheet 559,999 573,347 The statement of financial activities includes all 8ains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The Association of Sisters of the Sacred Name of Jesus Balance Sheet ** At 31 December 2023 2023 2022 Notes Flxed As$e¢g Tangible fixed asseis 43,150 45, 923 Current assets Bank and cash balances in hand 505,350 532.189 Debtors and prepa￿Dents 19,167 2.220 Total curr¢nt assets 524,517 534.409 Legs Current LIAbilitles Amounts falling due wiihin one y¢ar 6 7,668 6.985 Net Current Assets 516,849 527.424 Tot#l Assets less current Ilabllltl 3S9,999 573,347 Fundi Unrestricted 559,999 573,347 Approved by the board of trustees on 19th Oclober 2024 and signed on ils behalf by ..Truslee Tht noiey on pa8e5 8 to 13 fm pari ofihesc a￿￿niS The Association of Sfjsters of the Sacred Name of Jesus Notes to the accounts for the year ended 31 December 2023 l. Prlnclpal accouDtlng pollcies . The financial statements have been prepa￿d in accordance with and Comply with the Charitgs Trust Deed. the Charities Act 2011 and Accounting and Reporting by Chariiies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Section IA (effective l January 2019). b. The main sources of the ¢hariWs income are fees pay3ble by private individuals and local authorilies for care of old age residents. Direct charitable expenditure principally refers to the maintenance of the home for old age rcsidenls. The charity d0¢5 not maintain costin8 re¢oNb and therefore it is Impossible to allocate any cost to management and administrdtion of the charity. Depreciation is charged on a reducing balance metho 2. Total Ineomln8 rewurcei 2023 2022 LD¢al authority 19,180 25.539 Privaie fees 163347 179,461 Sisters pension 8W5 8,194 Entcrcst rcccived 8,985 2.303 Other in¢ome 29,585 27.018 Totsl Incomlng regourees 229832 242.514 Tbe AssocAation of Sisters of tbe Sacred Name of Jesus Notes to the Accoullts for Ihe year ended 31 December 2023 eontlnued 3. Total resources eipended DoMAtlons 2023 2022 Donations Donations to Sisiers in Namibia Donations ￿ General Home 526 5. 760 7,000 20.000 8,526 32, 760 Oper#tlng expen 2023 2022 Food and Clothing Cleaning and laundry Medicines & sani¢8ry requisiies Re8lStration fee Home requisit¢5 44.121 6556 13,530 816 1,003 37,333 0.372 7.42 816 859 66.026 52,808 The Association of Sisters of the Sacred Name of Jesus Notes to the aeeounts for the year ended 31 Detember 2023 conthued 3. Total resources eipended Continued Propert). expense5 2023 2022 Lightsng and heating Insurances Rates and watrr rdles Reni Gardcn Rcpairs 10237 3.222 lJ81 1&141 3,497 77J12 8.598 1. 791 1. 735 J5.6nO 2.307 48.040 114,290 78,n77 io The AswcAation of Sisters of the Sacred Lyame of Jesus Notsg to the *c¢ounts for the y￿r ended 31 December 2023 coDthiued 3. Total res0￿re¢S eipended conlinued Suttdry expenses 2923 2022 Activitics Telephones Posr8gc and stationery Trnvellin8 and motor car ex￿nSeS Wclf8r¢ Chapel Books and papers Training Sundties Lc8al & profcssional ftts Bank interest and char8es Casua] labour Provision for depreciaiion 1.160 2J40 2,161 7.565 17J54 1,062 299 2,038 2.288 9,070 15.751 J.684 179 1.548 720 290 600 600 502 484 1&910 2,772 14.805 3,517 $4J39 51.354 243.180 215.000 The Association of Sfjsters of the Sacred Name of Jesus Notes to the accounts for the year ended 31 December 2023 Continued 4. Tangible fixed assets Ealing Furniture Equipmen1 Otrice home Fixtures equipment & fittings Motor Total cars Cost Balancc as at l January 2023 Additions Disposals 32,453 70.056 5,290 566 28, 995 143,960 -35,005 -15,005 Balance as at 31 December 2023 32A53 76.656 5,290 566 13,990 128,955 Depreclltion Balance &% at l January 2023 Charge for the year Disposals 70.307 1,119 3,848 216 543 23.338 23 1,414 -15,004 98,037 2.772 -15.004 Balance as at 31 December 2023 71.427 4,065 566 9,748 85,805 Net book value Balance as at l January 2023 32,453 6,348 1,442 23 5.657 45,923 Balance as at 31 December 2023 32,453 5,229 1,225 4.242 43.150 12 The Association of Sisters of the Sacred Iyame of Jesus otes to the *tcounts for the year eoded 31 December 21123 tontinued 5. Current assets 2023 2022 Income bonds Saving ac¢oun Current accounts Cash in hand 270,1)00 170.794 64,419 138 270,000 189,808 71.530 851 50SJ50 532, 1¥9 Prepayment5 19.167 2,2?0 6. Current Iliblllilej 2023 2022 Accruals Crcdit card 631JO 600 0.385 6.9&5 13