Congregatlon Of The Daughters Of The Cross International Annual Report and Flnancial Statement8 31 [kn￿r 2023 Comkwy LNnrtedbyQ￿rnr Chariiy Reu￿a￿l￿ NunbeT1142490 Conterrts Refemce and adryinistrative details ofthe charity. ts trusiees and advisers Trustees, report Chant?bk obiectNesand actlvlmes Achievements andperfonnance ans forfuture periods 10 SfnrtLKe. Govemance andManagen￿nI 11 statementof T￿￿tees, responsiiw"lth"es 11 lThJewdent audiiorfs ￿POrt 13 Fln*ndal statements statament offirwicial activities 18 Balartt sheet 20 statement ofca5h fltxs 21 Prin￿paI ￿￿nb.ng p￿￿leS 22 Notes to Ihe fir￿￿al statements 25 Congregation Of The Daughters ￿ The Cross Intemational teronMart¢o¢minlsirallw ififorthaiio 8iJkr MaYMGL4lffjh￿o &ateT Kkureen O'Brlen steF Vaterig I￿nI& Peter co￿￿15 FCA" BuTsarGthwrnl ofth¢ thbllMg•llm &8terJOsopNng Ilpzabl Rel￿1¢tOd￿￿¢è Gfo BuzzAtty LLP 1>) wlood Str EC2V 6DL Cothpary w151rnltpn nwnb** 07S6&199 Fnglafvj and W*B) Auditor LLP 130 WO￿ Styeet EC2V fjDL Bankets N#lWe6t B8nls plc LoAd Sglldtor• Stone ￿)ng LLP £￿ad QuayHL4U• BSI 4DJ Qongr8g8ilrm OfThfrtrwiers (XTn8 cross IMemguoJkg11 Trustsw. feport 31 D￿￿￿[¥ 2023 The INBlees presènt their statrrtory retxyt (which also eonsfftutes a ￿reCtorS, rewi for the purFosesof o)mpany MY) togelherwrth the flnancl816taternents of Ihe Cèrwegatlon OfThe Daughlern OITh Cfots IntThtional Ithe"CharRf) the ended 31 OecembEr2023. Thts flnan¢lg1 *tement8 beeTJ prepared In ac￿r￿an[￿W1th thg a¢￿￿nI￿ng pollclè8 Set out on pages 22 to 24 of Ihè attached flnancial Statements and conlply wlth the Ch?rW$ Memorsndum and Artld88 olAs£o¢iatl)n, 8ppYl¢able and A¢u)unllvA and R￿rtIng ty Charltlgs: Statement of Recommended prq￿ice applIca￿e lo oharlt(B¥ prpparing arwints in ar￿[dan(2 with the Flnanclal Reporting Slandard appllrAble (n the Unlterl Klngdom ar￿ Republk tsf Ird&nd {FRS 102). charItab￿ objo¢tlves and aetlvltl The CoNJregatknn of the Daughter8 oflhe Cr055 of ￿ege (Ihe cA}n￿atiOn.). Is a Roman Calhtslic RelIgi￿ CoThJregalion fouhded In 1833 in Li Belgium. The CongregatK)n's prfnclpal objeBlives sel out in Ils Corthibn are lo ￿lt91￿n and oth¢r charilable work. In partIGu1art￿ rnlsef of poverty and Ihe Supwk ofthcee on the margin8 of 50Th0ty. Within thg Congrega￿.On wortthvile ther@ are wen Provinces, Reuions and Communities IGErmany and Rome) under thè Generalate, Is the c￿traI gov8mmenl I Ihe org8ni%8lhJn based in Rome. 11a￿. The Generalate comptse5 the 5upertor General and her Coundl. and the Superfor Germrol and three n￿Mbers Councll are trustees of Ihe Charity. AB at 31 D8cember 2023 Ihere wer• e68 SIs*rs 12Q22.' 882) within the Con9regatiDn Iving wpthng around thè world. The Suptwior General b rsspons￿¥re lo Ihe Holy In Rome. Italy. Tho Charity waB omglnally established to be thB IBu418ntity whith èmbTa¢8d all ￿ aGtlvitse# of a Cèntral Government fora wartd-wide Congregation and when ihe Generalate nThed 10 Rome, Ilaty, Ih? charity became a granl-rnakl￿ ¢harAty. Sts obie¢ts rornaln unchanged- to advancè roligion forlhe btrn&fit C)f Ihe publlo In wticular bul not Ihnfted to. by SUP[￿rt(￿j the haritslk WOFKF ¢arrted oul or suppxtsd arwnd the wortd by member8 ofthe Con9regaUon and by the f0miallr￿ and Iralning of the members oflhe Ccngregatlon. The Charity make8 grants In the ftlloW￿ wa￿, 8y financing Ihg Gen?r&lato and Its supwt COmn￿nty In Rorm. Byfundlnothew0￿, and the prole¢t* w1￿ch enhNnee l. of the SLster8 and Ih01r acffiithes provk11￿ forth¢kbeneffidaries. By relivrfin9 poverty. distr8$s ènd suff￿n0 among wtykls dePfv￿ And rwthy people tyway ofgranl fundlng, elm2T th￿9h the Stsle¥s' w(4k or dlwuy. In order fo the bentrfts thatthegrants generate, ngcessary io de8¢rfbe the work oflhè G8nèr8l*e and the Sisters and UMS Is done bebw. Congregation OfTre Daughters 01 The Cross Intematkjnal 2 T￿t￿, rwt 31 D•￿rnbel 2023 Charitable oW•¢tl¥eJ and a¢llvltle*lwrtinued) Thè Cowegth is deepty t￿￿j in thè Paxhal myskry of the Pas6rm, Death and Res￿ tsf Jesus Chrfst and bullt on AB tra(IIIDn of ¢Are, 8LPP)rt oimpassitm for IIThevrt￿*eyRakèStaTrJ1￿O5l vulneRbl&ln ourwoTld. theCrffiDreu8tlDn CODbnue8towo In ex>wrtiies y4h•re peopl• ar¢ in povetyand on th• rwlntsolsociety. ThefwndFrol eare. nuyslnu and edueatk)n a& inthe C0ngr•patknn I￿rt￿dUdod novmkol mwo and lh¢ and Ihwr ¢worth i￿ntinUe to be cur¥nllt8d to the 7hvrk (I general and sperial 4du¢atk)n, the cwe of the *ck. and pgstoral work. the rntl¢f of povety arrfl 8ufrwll￿. and Ihe of womon glrfj. e9per* In t*ANth￿ Ih•y The Gprnral*. ￿dthe Stslets ii18Adèrship rthttion& ermtirw to ways offu1finln Ihew 0￿cts In Ihts f￿ of the ￿ntinuIng chalkng05 of th￿r incrnaslng age wofile and thè In the number018lste￿ In the WeBtwn Provthc prtnopd ofth¢ c￿er￿te i¥)bw Ihe + supwt ofthB Y￿01￿ si8lwsl1￿l$8h • support ofts y￿[￿¥&Ja Conwegall(ffi,' and 6UPPDrtrA (¥Fwvrker& vc4ufitoèr8 and a68(*lates ofthe Congrwlon. Ir• auihorfskng grant•, th? truBtees tlw quklaRco of the COrmthk￿ on t iYovNon ofpubltc b*)6fi1and thgyei>nstdèrhow thay wtll t￿libL￿al0 me•liryJ the Chan￿9 objècts. In fDJwldering pot¢rnial8rants, thetru¥tre¢ 4reawaTethatthe ConoregaUonforJJse¥ ¥eMce5 *l*h delpier the ￿eate# impa¢1 to n￿£t vthe1ab￿ children and adurts in and donat￿￿5. In MI￿l￿n em8 (th¢seaT¢genBTaltyhd¢veloWroc(￿Ame&0r In remoteartasofe8lablL4hed ¢ounlrieg) Ihè Slsters Sel uptrainirYJ prowamm89 wFl¢* enabl8 lh• P￿>Pl? they Involved wlth to bg(y)me a# s¥1PBUffl￿elll a5 PO¥8tble. Slster¥ stth ahvay¥ to DffgrassL8tance by Investlng In proJecblhAt gfyve peryle supWt￿d s￿113 Iheyneed totwn twlrfe around. In Indla 8YKI Pakistan. the Slstw¥ have a*p set up cartFes of ex¢ellerTh In the fjekl of edI￿tIon. med*al training f•Blitte¥. 08 w•ll a8 carn centres offerthg ￿lI￿V0t￿ Support an(1 a ¢arlng S￿￿e tsr the dts*anbJed and martynaliud tn SLKlety. Ttr￿ Conwegalleffi upholdJ Ihp g)IiYnoYJ ojmmllmont to 8afeguardhYJ a8 an Intsural part of thè lrfe and minisby gf all Its men*ern and Ihls 19 refl8eled kn it$ ￿Mm11meThI tr> th¢ $af•9uarfFng ¢1 rhlldren, yOllDJ People and who be al Msk T1￿ Congregatknn, ptsI￿leS and protèdureg are and updated 88 n￿&S￿ry. In all Ihe Congwalton is 6818blAhtd Ihe Slster8. Iheir stsff. and volunteeFS adhore to the gLthlrte$ of the Catmlc Churth and lo thè national in Iho80 ¢DUrtries. Cowogafjon OfThe Daughters or Closs Intsmat1￿è] J TNs¢ees' r¢pL*t 31 December 2023 harftabl• obAeGliYe¥ and actlvhlps (oxrtlnu•d} In the differèni Rwn$ Ènd COMM￿1￿.85 uNlw Generalale of thè Congwuon.. those In leader¥hlpposlliuns alm ¢0 Ensu￿ thstall polibies and PTrtethir8¥ ar¢ In place lo emble the gafe managemenl of ft8 opeTrtlons and Ihe safety of all to wlwxn the Congregatk>n i¥ ¢fftrin9 q W¥iO•. AS well a8 Supportlng Ihg wak& Ihe Gell¢ralal¢ a150 h8# a rIS￿n511￿11ty to ensure that Sisters have the necessary caT8 as they ao8 and rettre from maknstream acllvlty. Thtsse sbtern have ¢ontrlbutsd to tho a￿￿T￿¢S oflhe cc￿Oregatson for m051 of Iheir adult INes b￿, ag Ihoy take 8 v¢Av of poverty. IhEy havè no Money of th•lrovm. and Ihe GenEralaie has a reBpDMibJityloen9urethat thoy w¢ prOvidedfr*i￿thin tr*ir cwn Communibes. AJihDugh nol worklrw in ttt¢ malnstream. Iheoe Si8ter8 have a vaol e￿rIenCe of the wyjrk, and thèy etintinue to help, advlse and 8LPPOrt the younoer Sl&t8r& In thelr S￿￿111e$ oskr as each tyne TheCongrWion'g ltsnpèr4erni0bjecti￿S¥rÈS￿t8t6ath Gènernlchapterwhich lake&lace every years. One of the Charws r￿e¢lIVeS IB tO.conUnue to ¥upport ts Congregation, and to SUPPDrtthe Generalate in its work to fulfil ts oF4'ectNes set al Ihe General Chaptsr in May2018. The next General Chapterwill take Ja¢• in May 2024. Gfyneralate Vlsits andMoedng$ Tht Generalalè team ￿pport the woddwido Congrega¢ion by.. canonical wsmal￿n9' monil(4lng PToiads and A￿VI￿¢S thro￿￿1 the year* organiglng Na￿O￿al and Intematlonal meetlngB. oonlerenees a￿1 workshops whlth brfnu many of the Conuregation's ma)kners tOBethpr 8eYerai llme8 a year., tsGil'rtatlnB and promDlng ￿MmUnICatIon and dlalogue al •ll 18ve15throughoutihe Ccfflgreglllon. SplriDJalirpul plays an Imp￿￿nI part Inthese mee11r￿. Sister¥ and Ihetr cworker$ keep up to dal• in thelr wofe8Sion81 practicg en￿ring thal a culiute of l%sl praclc8" 1$ manlalned In all of Ih&r e￿1￿hlI￿￿ts. Thb Is ¥erlfied by the exealknnl r•p)rts recwed from social $wvth&. h￿[th aNI edueational aullwth88. 0￿Ing thèir sk<-year term of office, the Superior G8nerg1 ond her Cound carry oul programm? ofp•stora5 aTrJ ¢anonlcal v18itAttoD8 ofth• and Reolon& ThW givathgm theopportunityioa&£essandmonltvrtheworkof thèCongr•gat￿ninth#1Partl￿JaI reglon, whtth Is Jlkn￿qUbnlly reportgd b thè tru$tee5. In developlng wuntries, thwe someUme5 the need b gxpatsa the WOTk w establish mL**ons or. ￿￿$70n11Y, to hand over toa locql chartywhl¢h h?6 th? neceB6aryskiils to ¢ary on Ihe workwithoutthe $upwrt oftheSbtsr& In the ¢Jevdoph)g the Congregallon l• attra￿1n9 nsw v£¢atlon¥. Ihe vdts the Supgriry Gpmeral can be an important eventond a Ime to ¢elebTate the athle¥￿nIS of tht new Communiticj andthe iniliation of newmembers.lnto the CongregatEon. Congregation Of The Dau9htarg OfThè Cross Intsmatk)nal 4 clwl1tho￿CliV•s anrl a¢ll¥itlts <(￿711￿￿1) Tr•knlnA TrusteES k￿￿tOd￿leIn variMww-bYseèkingad¥ic•fr(mthdrad￿T8. byalteThJhg cow6es events. tymeeing 0therprofvs8kn￿$ in Ihe 8reaB crfsafeouardthg. H8a#h and Saw and rel*d matt&rs. The Si8tertru6tee8 olw wn%￿1 othern kn slmH¥ Situauong to W$UT&ll￿1 they keep up kn date wlh current w. New"IN8lee$ aro Ihe Opp￿InIty to attend Tithshops and training to ensure thal Ihey have the relevwrt S￿1￿ a￿j knwlodlle to thelttde a8 Intslae3 of thè Charly. Tha Q*nerAlate andthe Slster4 In leader¥hip po3lUon3 In the Provlnoes k•ep updated on th ￿￿9[no TeguFallro% arKI tsgk%181ion wthln Ihdr I￿ntrIes. ty attenthg workshops and ¢ourses, esped8llyon Satsguading anLIHeallhaThl Safdy.ThEyalBDSetwreleya)tPditxe6 a￿1 Prr*edw06 as requlred ty thil aullwiie& in Ihatlxatntry. Thb 1rust￿ me81 e year In Eng*d 6n thp Bprkng P&ib]rM arKI Imve onllne Th&13ewal Flnance Commllts¢ 18 an ￿l￿17￿C aèt w•bythe Gentrdate lo wpurt and advlse Ihe Chaifty and th8 G&*ralate ffin8ne4al and affalrs. It meets￿iGe.a y¢at in SwKig Aubjmnto wknrAdgWith the tr￿e meetinp9. It8 fflemlxr& 8ie the tru*es, a Generalate Sister arnl othw * men*¥ws drawn from malnll, financial. Thp Charity made grant8 totsinng £353.3&7 durinu the year (2ff22:.£1,290,iJ091. Ihe m4orNy ofwhleh were spent$UPPDrtlng thè Daughters oftht Cmss around thBWrtd. Of toial. Ihe Generalatè recelved tolal grants arnountirvJ to E264,00012022'. £2rf3.OCQI wNoh helped to meetlhe running costs oftho t3eneral&tts In R￿. A grant of £1.717 (3)21" £5.6111 was nHle for Inlllal (x)918 of the 2024 Chapter from tho ChgplerFuTrJ. Th8RethOni*c￿9￿Th. Afwlr*. r0e￿ad a ivdhtofÈ61.877 in rwp•ct ￿1￿￿￿41￿9 a Conv¢nt and8¢lK>ol12921' £121.251 b l)uyJand on whlch tr• bwld the Convent and Sthol). Congtegallon OfThe Daulhtws ofThe Crc65 IntemathThl S TrustOgB' report 31 De¢gmber 2rY2Y A"chlw•rn•nts aml p•rfoFman¢elconllnu•dl Grnnts mAd• (conllnu Th8r8 were small grants totalling £35.993 (2022.. £￿1.147) Yihl¢h o)mprf8ed.' gTant# frt>nl Ihe Enlraide Fund ofÈ4.341 12022: £11,3g4) 2nd Patrimony Fund 01£8,597 {20Y2'. £8.756). fcr thè pwr of the worfd And the POOT lo&keil after by the Conwegalon rèspectivety.. 0 9rAnt for FoTmatron eosts (*£22.004 12022: 23.560) (see tw)te bdowl: and a ￿an1 to Ihe Ger.man Sistprn of ¢1,051 12022: £882,V27}in rn6pettt oftheirr¢loeatlonMgts. Formatlé)n and trainlng e of thè Charitys L*ject81s to sUp￿rt the 1omaiicm trafftlno of ts memb¢rs of the cDnbyegal￿n. Grants of£22.OD4 12022: £23,560) wèrè made to thè R¢>urkela Provln¢a and Ihe Cameroun Regton to meet thplr costs. Olher Pfovlnces. Reulons and Hou98s dD ha￿e Costs offormallon and trainlng bulwhero they hav?Ihe fvnds to meet tlwn, Ihere is no n¢ed forthe Charity to thake granls. OngoLng rel*lou8 tom￿(an for all the Si5ter5. rewdle8s of age. ts Import￿{ In whal Ims be¢bme a malntysooul?r8ociety. Formalir)n gnd Iraining of young Sl&t•rs foTfvII mernbèrship of tile Cong￿9a￿On and fvr prrfes8K)nal qua15fioal(on3 rernalns a hlBh PriQTIty. Naturoj aptitude and abllty. a$ We￿ a8 the n8•d$ of th& Misglon of the Congregaiion. are taken into CO￿lde￿Ilon wllen preparfng the young s(sl￿ for their future roles in fv Conw¢gation. Swritualty COU￿ are alsts essertlal tr the dpveIo￿￿nI ol sk1￿8 In tt￿1r rellulLWN eommilmert 10 them to re¥)ond lo the challengès in fiving ¢)ul thèlT tr•m CcffimttTh￿rrtand In féxmlng in the ofthe Cwgreg8tlDn. Profes$1￿81 trnlninA and quaiificallon In all Ihe ams Ihal the SBkrs ale ¢nga9ed in 1￿￿1￿71natelY heallh and eduG4tionl, haG becDme even mre imwtwt a9 Ih¢y wo 010￿lde hiohty qualified and COm￿ent ￿Y K419•gues. Tr￿l￿n9 for leaLfersttlp amngsl the younger Slsters remfns a prtthtty h the cong￿a￿On and each year eouTw are Iden1K￿ which wlll ènable them to gain qualMcation$ andthey are glv?n televant expeTlence tolake up 8enbr F￿11￿￿8￿11h1n the Con9rw'on. Congegallon Of The Daughters OfThe Cross Inlematitinal TMStees' report 31 Decents 2W23 Achlrnvnts *MI pErfom)an¢e ((¥xJtinwl) Thè Generalate tyant 01 £264.OOD (2022: E213,LI)D) helped b) moet tho runnlnp ¢oAIB of Ih Generaats¥ (Ksts fjnDlude travel eo8ts arttl durirtra thè IhB GèneTO1* Siskrs I vbltéd PThiiceg In Pakistar¥ Bombay. Calcutta, Rourkela. Belgium FrancOp￿)he. Belo1￿n 8Jkn Lea(knr8hlp role kn Ihe the maIorfty of tr* Iw8te8 n*nknshlp4nd frKJfd ovèrgll responsbllitylgrlhg ar￿ clthe Conwegallorn The¥ roh 16 to gutde, Inspire and ￿mate the Slsteys and ha¢)xdanc* wlth tholr ¢LYMtllutton610 entrAWTago a spwftua￿tyIhat 18 Iriinu fathful and (￿a￿V0. get out beknv ate br￿re￿Its into the tIP8B of aclMIII88 oathad out a¢ros¥ th? I￿￿1d• of edu¢alloN medTral. $oLlal aThJ pthlral. 2023 ha8 1)eBn a very sign￿￿*￿ yBar ProvknGid Chapter4 that pre¢edÈ th? ¢3oneral Clh2pkn. Thls c*d for every ProvwLC• rtt4lewing the previous sr< years and looklng Into th• futtxo, 0￿Y# v/th tho chari￿ in th. NthvlNllths hmbeen iakn Inthedilferentiehts kn keeFthg wlth cuwéntr** programm•6 atta￿￿ to keèp 9breggt wkh ¢hange And development Dnllne fadfftl av￿red of as never befvro. Upwading of exist4ng iD5tituticns. aThJ rijlkgborallon Wlh ott OTganlzation$ are also ogining oround. The InawJur8llon of thè Holidie Hosplw ond InslibJle ￿ MethGo18cierK•$ w86 a mIleS￿e. &I￿ated as ft15 In of Ihe pow6st of Ihe slate ol Wesl Benu81. &mlarfy. the Sthool Df Nursw waB uwadBd to a Cr41egewlth nalional TecognftK>n. Tho consliuclt(#) of an expans1￿ wlng ofa'lhwd h¢Wal18 undeNay. Imilte GaIthl8f￿tynp aikad Inthe meolcallletd. BombaylsfocU5￿ng mtteon socialwor Rourkela Is expandiNJ in edUcAt￿n oppothnittès to the dePrI￿d Mdi?nsof sodèty. Ee¢loyy w¥1 Ihc care olthe enviKbnment lo¢iB of au PFO¥iWeb Teyjwcey ar• us8d lo maxlmum. Vocations arè on the dee11￿. but I)m￿lIOn IB given due attanllon. Knan¢È . attended to dwgentty In keeplng with lh¢ fjovommenl T¢qulr8ments and Ihe Ptovlnces are 11 In Pathtan P￿nCe. the main fvpJ8bl* ha¥ always been eoucatlon arxl the &*ers wn a numb*of SchoLq￿d akn%%wK usuallyln5B*worpDBltimln pawiBh Thèeduoabon of str*t ehlithen remains an Important project for the SlÉtsr8 In P?￿S￿n. Some Ssters are Invo￿¢d In mbsbnary activltie8. vMknng In some ofthe P￿￿$18T￿ of Ihe Punjab PKwlnue rrAinlywithwDmen ￿dgIts. In 60meareaBlhe 8lstetsarelnYolvedln thg prow*rffj of hegmh eare and sodol work &UpF￿ for the people who w4k mgny niikns for W rnedl¢lne$ and medical trgalmonl health care ¢w*re8. COnWegati￿ 0fTheDau￿frl3 OfTh8 Cross Irrtematknnal 7 Tru$tegJ' report 31 December 2W23 AchlB¥eJn•nts and porlomMn¢e lofrtlnu•O) Th• Conllrngatson (continued) The migsign gf the Sister8 In Cam8roun [3 wy aoltve anfl there are many voBalions. The SisteTr remain in d8ngerous area¥".olCamwDundueto militant groups and F erBure that the OTganisation8 Sisters a￿ set up wel for Elle future. and wort Whtiwes (m dffoling ￿1h the traI￿r ot the remalnlng Work8. A small number cl &sknq stlll activdy invoked In parish minlsty. The GeThngn SistsrJ hgvg tyegn great ml88lonar186 8nd over the years they hwe hèlped establish newfoundallons ifb Europe, England. Br*ll, India and Paktstan. In2(r22they d¢¢kle41 thalthpy could no lryer sustain thvir large prcgety n88r Rees. and arrangements were made lo reloca(e. In May 2023 th8 move to the Po(*¢n region of Germany wa ¢ompJettrd. Many ofthe rem85niNJ SLStern arè In noed of bolh care and nursing far£￿e5. The Oen8rnlate. moved to Rome In2021, ccthued thelr plonned l)ult(lÈng wthk and the refvrbi6hM￿l ot Ihe*prKJp¢tty In Rom& Is now•lrhostconwlde. It now hoy$e& the Ceneralate Slststs, a Ern311 Crxnmunity of sist￿5. archiveg. meetlng and conferencè rwbrs. and the buil(ting knill a¢commodate Chapter meeth)g In Moy 2024. The small o)mmunttY Df S&iers In Bmil conlinuè lo havE an a¢tN¢ iivolvement ih a number of works induding general and specrdl needs edutab'on. traft and Oth￿ Greatlv6 work v youny peoplewdh opg¢101 need& pri8on vlbthno. •nd nuwNJ and 9Lxial amongstthogè lfvlnu In slum contltkJn5. revl•w Resufts forrfwy••r Abummary rfih¢ y¢trs results 1$ given tffl P•9• 18 ofth¢ fth•ndal ststemerts. Total in￿rne for the year wa8 £214.559 (202Y.' £121,eA81 Mthich was mainly investmert lTrcomeandtc4alexp&ndlturewas£392.061 12022:£1,*21.6801. Gr8nts.aThYdohallons. vknlch ¥re¢xplain¥d undeT AchIeveM￿lsaTrd PerfoTmanee, amouhlto£353.387 12022£1.290.0091 and the balance was SupF•rto)stswhlch tolalled £38,ff14 ¢crfnpared Iitlth £31,671 l•tye¥. Congregation Of The Daughtèr8 (X The Crogs IntemalionaS 8 Flnanclal rnvl•w IcorthThJed) Th8 net exponthlure for the y8or brfrye Invtslmtsnt gal￿ {2022.' los￿) WMS thereknrn £17T.502 ￿(￿. biet e>4XnJ￿rO of £1.200,032). li 18 the nolwe rd lundlng re4uked by the Generalate forth8 BupF*JI olthè wt¥Itt￿tdé Congrngalitth. that srgnlhtantexwdfturg. réquw from tIMe to Ilmè •nd partlwl*rfy n 2022 tr*re was a neeL1*xrA)nBklBrn￿e8Upptsrt StsleTS In Gernwny. Inve8bnènt3 are Iwth iwo nwwrs arKI plaL*d In evlral Mu￿$￿et unltiÈed funts wlvch have Inve*wl wNch 61mllar to the principks of CathollG sodal teathing. Thesa Inveth￿l marogw8 oro CCLA Fund Managèr5 Limfted. wth hvesknent In COIF charIti￿ Ethlca Invesknent Fund. and BlaCkRO￿ Funrl urn￿, with InVeBI￿ In 8faekRook CAthdieCharhitio Or0￿ & In¢(xn$ Fund. Durtng the year, Ihe tn* (4rrkd outa rnithvoftts FrNe#mpth nwaws. wilhthe help of the General Flnancè Allvthy Committ￿. An wwawas undertaken. r•Euling In ihe retenlbn of CCL4 Fund hI￿all￿• Llmft*d aTrJ thp appolntment of Cazenw Capllal Iri ace of BlackRock Manager6 Limltd. As at the ba¢anee sheet date Ihe lyonth of Inveslft*toCazuj￿ C*1 Iwd ntalaken plXebullh￿ hyernd In the*eL¥)ndqu*t of 2024. Thè In¥eskn￿l oty'edlws weto achkve capllal grovAh in th? k)ng•rt•mi, saylfve k>ten Years.￿lStpT￿rv￿￿￿￿ila1 v8kJe In real tern￿andlOQep￿¥tPa growlng In( over Ilme. Incomè galns *èwlththavm ts fund th¢ grnnl8 and wort cos16. r*ulbw¥lperfonYAnoe are re¥ivdrdtrlceayewralthe Chartys manager8 ar¢ to aiiend onB grother 01th￿ Thvliryo. After & rnior corvèction in Marke15 in 2022. I￿•￿&nI values have rf￿￿ in 2023 resulwng kn Investh%ntgatns 01£1,YJT,38112022: losses of £1,8312111. Th& market val of Invè8tmpn18 at 31 December 2023 w&s £17.057.841 (2022.. £1fr.079,5281, refie¢ting th& gal￿ and arrK>unts I￿raWn k> pay wants. 01 Ihls amount, £1.119P2512022'. £984.1661 r¢lobF lo fvnds held for two12022: P￿￿nCeS In th¢ W￿d￿Me Congregaflon. vthld) 1$ pald 4)W to them as Ihey ￿￿lre ￿ Details oflha movernont8 ar8 gvtsn in nots 9 to Ilrwiclal stalemÈrb. The WÈY in which Inttomè ¢)n InvèstrneN$ and invèstsT*nt galn8 and I￿&¢6 are presented was Gha)ged In 2022 to showthBm In away whl¢h tetter reflected th8 SITh￿ the yw-end. glc4)d market8 strong. cOr￿0n Of rh¢ DaUght￿ts OfThe Grow Intemauiyrdl g Trngttts, report 31 Dec4nkn 2023 Flnan¢l41 l¢ontlwèd) The Charty has ￿ ETrJowmenl FUNJ and one Rèstri¢tod Fund. the Pgtrlmony Fund. The tsust••'$ polw iwond these Iwo designa￿ amounts for speclfic purpt*e& whe there an obvbyjg or potèntlal Ew8d, whilst malntawung adequa(e free r&8eNes. Thgse free resNYes ar¢ the General F￿d whl¢h repreaents IhÈ capitd requtremonts of th• Charfty. Des￿nated funds cowori8e a Solid*ity a Chapterfund and an Entraidefund. The E￿tr￿ FurMI is for maklrwJ grarts to Ihè of the worf(r. The Cwer Fund rÈprta*th 8um# ¢01 •side tr the Congwation'& General Chapter, whioh 15 * world4vido mBeUr¥J heid every dx years, ￿lIh Ihe nèxt onts taking pla¢e in Rorne In May 2tr24. Th9 Sdi(W Furd has beon doBlgnated to wovbje ￿ndS for vjnnlnll ￿ants and 8ftualkn¥ ari￿n9 wiihln the worfthride Congregation whern flnancial rèlour￿ may bo nèeded. w*fvtherthese situaltony gre routine oremergency in t*turo. The tWStees r￿eW Ihe funds fwm time to Ilme to ensure funLts are available to mèet lh¢ Charlty* o*'ects Mlhoul umpromiskng orgorro budget ¢ommilments. All deslgnated fvnds are Inv&wled or hdd In rA3h ètlhe balan￿ sheet date. Free re5we& at 310ecembet 2023 amount kn £25.000 {2022'. E25,OOOlwhlch the trudeÈy oonaklar to be in line with reserve8 ptslicy. Plany forfuthre ptrlodo The Gèneral Chaptgr of the Cfmorttgaknon will take place in M4y 2024. has Involved onslderable pknnlng ￿me from the Gènerabte. The Charity wll dDnate the Chapter Fund of appr0￿Ma￿lY £125,000 to Ihe GÉner#laie Inthe fir8t hall of 2024. to help fjjnd the c08t80f the Chaptsr. Th? Charity wfll tr)ntinue to support the COrrfJ￿I4on and 6UWOrt I Gent￿tet0 hdpmeet the new oble¢Uves which wlll be set at Ihe M8y 2024 Chapter. Prfnelpal rfsks aml uncertalntles Th¢ have assessed the m*r rlsk8 t¢* whlth th8 Charly18 exposed and th have pui procedures In Place lo mffjoale them a6 fa¥ as posslble, The prlndpal rtsk is voL81rn1ty andloT T#dlEal bhanoewltrin global finanriol t¥Juld ro8uIt itt uwèsknent valyp$ and Inrx)me being Insufficient to meet the requests ot'lhg Cotyeg8ilon's prolBds whlch Ihe tN¥tèa# Wou￿1 to suppr¥l. RFsk8 8fe mrt*ate(I by using kn in¥8sthwI msnagerg, ty ftNeS1￿ In mulN488ét ￿nIt fvnds, by m&•ttng thè investrfienl m8nager8 every ygar and by conslderlng tlie Charfty lrtve6tmerts fvA¢e a year At the General Fuian(¢ Advtsthy ¢omrrfttee meetirwJB. Fundrnlslng Thè Charity does not 801icit dona￿n5 from the gBner*l pU￿[C and Ih*efore d¢)88 iirA work wlth any profe8￿onal fundrnlws. Congregallon OfThe Dau9hters or The cro￿ Inlemational. 10 TTuSt•88' rèport 31 De¢èml*r20YJ Th8 Conwagation ofThe Daug1*4 ofTlw Cr￿& IntemallDn81 Gpnwatate waB as a rrn guarantee on IS Marth 2011 (Regislrtlcffi Ntswrow 0750Sg99) and r¢lltsed aB a B￿lIty on 20 JU￿ 2011 (Charity Registratkn 11424ao). The charflablo CWVDY bg govèr￿ by ibATWe8 01*xsDclallDn. Trnlees The Inislees conGlbAe thè wnyany Ih? purFK>O9 of ¢ompany Iw lE￿lee$ (A the Ch•rity for the PWPOB¢S of cl• tetysl*lon. tr￿lee6 wwe In OIIBe as at 31 Decen*er 2023 *vJ served thrwthout yw. S*l8r Pu6hpg PuMlhw18uwlor Gtsnerall Sister ￿l￿dh11n SlbteF Vaktk Mlrwtraa Keynyanagementp¥sonnFI The mgnaymgnt of Ihe Ch¥tiiy th￿0￿1 thè yaw. In ¢hary& of dlr¢¢tlng, Mntronhu and runrdng ihe Chattyon 8 day-tfyday ba51s compnwj Ihe Gener4ale skièrs aNI tho Bursar GengralofthÈ c￿ra￿alk)n.whtsth8trt*te•*ll>Ns1￿erw¥8tsVkeY wATra9ewKntpmnnel. Durfng 21)23. the StFtertNsl*s gnd th9 8urs¥Gpneral wtre r￿rrts$ otihe Crywon d trdrexp8r￿f0r att9n(rinyln￿tsO and GFAC mgoUng8are bwne bylhe CI0rly. The Gèn¢Talat¢ and th¢ shi¢r8 ofthe vmldwkle ¢oftoWatbn ofthe D3￿h1￿% of Ihe CMSB rfLiege. Grants *è made by ihe Chwity to provin￿ al￿ to dh&"Si8ters gfthe Con9waUty> around the wortd from tyme lo tKno. stAt•mètti of truBt•e&' r•ApoMlbilltl•ts The trustee5 are reS￿nSIb[e for preparlng the truslee8' report and financial st8lempnts a¢¢orda￿e with applic2b￿ lawgnd United ￿ngdOM Aecount¥)g Standards (unit￿1 lfjnudom Gener*tyAGcerknd *£counti￿ P￿Ike). Cwany * rquke8 the InJ6tees to Prepare $taleTr*Ns foT eth Tr)andal year vthlch gr¥e o truè artd far vièw of the state of affairs olthe dwltablg txAnpary and of tho InL¥)mè expETrJlbJr¢ olthe oharlt&)10 rJJmpAnyfor that perfDII. In pw•lnpthe$6ffiDaThy•l slalemwts. the tfiffjlees are re9uIMI Io.. • 8e*8uIIth ￿ p￿7￿￿ th thpn apply tr￿[11 COn9regqf￿n OfTne r￿ugMefS 01 The Gross Inlernallonal 11 Trusiees. report 31 December 202a statement of truth￿., ￿pon¥1b111tl¥s (caMUnu￿) sewe the mell￿￿$5 ano prthdplès In A¢counling and Rewting W C￿aritIes.. Slalement. of RecomrnwKléd Pra¢Uce applicab￿kn chariles p.rep.aring a¢wuThts iii arKoFdan¢e wlth Ihe Fth#n¢bl Re￿rtIn9'S￿￿j&ld ?pplicabb lo the Untled ￿n9(th and RepubllGof Irel•nd (FRS 1021., the St*m" enl ot Re(*minBndod Prn¢￿.or¢'not in •uwmanlw41h tl* a¢COur￿n9 recAxdsand rotums" or • C8rta'n di8¢b8uro9 of trugtee8' ramuneratton sp8af*d by law *e not mad¢". • ￿ have not recefved 811 the irbfL¥rnatroh find Wknatlong we rtwlTe f¢f our audit: or • the IAk8le¢8 wer¢ not enlltied ID weparelhe fvantial sl8tewEnls In acts)rdan¢e vAth th• Bm811 ¢omparv￿ regimB and take advantage of the small o)mp8nSeg exerytion in pryrlnglhetlU51ees' repDN andtake advantage ofthe8m811 CDmpanies exemW"Lmfrom thg req￿rem¥nE to pr•par• a *ateuic repo Congregallon OfTh• Daughtets OfTha Cross Inte(natic￿&t 14 Independent audltofs report 31 t)￿•￿beT 20r3 Rwwlbllllle8 oltrubt••$ As gxpktr￿d in the trusteel re$F￿S￿lI11es 6kt&nenl, th8 trustees fv ar? alBO the atreolorstsTlh¢ c*arllable ￿MpanY fDrI￿ wKpo8t6 ofcompany l&v) afe regponelbJ8ts the proparatw)nofth&llnBTh>lal stslements aThJ for bw'ng Bal￿ed IIAtthtyglv• a true and f* vlew. ￿ fly Inlemal as th¢ trusle9s dEtermlM16 neBeBBary lo enab* Ihe prepar8Uon oflkndgl ststwnents that ara fteg from m*wlal mtBBtstemant. wh•ttw du* to fraud Ore￿Or. In Preparlnglhefhanrlalstatements. thtstrdStOo&are resP￿￿leT0ra5Sts￿ng Ihecharilable comFonWs thlltyto(*nilnuea5 aooing dsdo$h)g, a* *fcabl&. maiters re* to s¥)h¥ ￿￿1¢eM and u5tng Ihe goin0 eMc•m of dwuntlng unl¢8s Ihe tr￿65 Intend to llqutdafe ￿ charllable ¢onyny or io opwatkn%. or have no r8alwlle 8lteTnqlive butto dDSO. Audltor's reSP￿bI￿1¥s forth? audttof IhE llnonelal Jt4tements ouroty.ec1tr￿9Ie to obtalnreasonablo assuran￿ at￿t￿1￿1her￿&thn8neI8I slalemenls as 8 whole are free material mbstglenwnt, thethèr due lo fraud or error. a)d to i$6u¢ an 4udftofs rwlthallnclu(*s ourLWtnkw). Reason*k 156tsrar￿ Is a hlgh level of a8wranoe. bulls nOt8￿RnI¢81*H1anaUdllcondI￿tsd InacMrdarK•vAlh ISA8 (UK)￿11 ￿WayS￿* a rnate￿ Mts&alen*hI*h￿ r( extsts. MIslale￿ aii5e froTn fraud w eTror JAI a Idwed rnate￿I rf. iThJhtdu8lly tha agureiale. thoy cO￿d rea8onabty be expedeil to Iyregth￿o5. ind￿1￿¥ tr￿d, are In8ianeeg of no￿A*n￿￿1￿1￿1th laYB regulakns. We design pro¢edufe5 In line ￿ our reSpons￿)I*lle5. Outtlned 8bove, lo deleet material mlssl*m8nts in ¥e8pedof wregulaTities. indudlng fraud The extenttovthich ow pr￿eduleS gre fapaue of detethg lryegularilles. In¢lU(fmufra￿&lS detslled bÈtow. Our to aNI a88¢5slNJ fft¢ tsks (rf m*rtal m￿s1&￿￿ent kn resped of Inwl*itk8. inchthu frwd and l#wsand re0￿(￿￿ wa¥ ao foll(Yw¥. * the Senh)r Statthry A￿1￿0[ erwred Ihai the er¥agement t￿￿ coll9e1￿ety had approprf8te LY>mpeten¢e. capab￿￿leS and S￿16 S) Idenlify cff nonacvmplarte • wè otrA&lned an ￿nd￿Star￿ling of Ihe legal arvj reuulatory frarn￿￿ that are ap￿1¢at4• tothg ¢h?NabIè￿yryJanY and delerminedthalthe Most 9￿￿¢ant￿aMth5￿1 VA)￿¥8 dtrecuy ièknart to $P8cCio assgrtkxw In fv flnanGtal *etemeJts gre lI￿e that relate to th? WOTUrw tramework (Wemenl of ReeomerAded Prauli¢&: AcvJffitlrrfJ and RepDnin9 ty Gh8rllles fx*parfng In aE¢orfjan¢e me FIna￿tal Reporung St￿￿]8￿$9ppl1￿atsle In the Unlied Kingdom gnd Republlo oflreland IFRS 1021. Compthe¥ Acl 2006 and Ihe ciiaTIIIo8 2071). Cungrogallon OfThe Dwtht•r3 OfThe Cross Int￿nal￿n￿l 15 Indopendent auditor's rwt 31 De¢en)ber 2ry23 Audltovs responglblllutrs IoTtho audll ol tho IIDancI￿¥tal*Men19 l(>)Mnued) We asse6sedthe sus¢xptibdty of the chaTIty'sfjnanclal Sfalemwrt$ to nwlwial misst*n*nl. dudingobtpning ynderstarKlng of howfraud mlahtow. by: mthThJ eNu1rf85 ofma￿g￿ent as tolherkThMedgeofaGlual. suspeoled end alleg¢d fraud,. awj • ¢onsideTINJ Ihe Intemal co))Irots In piace to rnMbJate d5ks of Iraud and noN(kn￿[all¢e WI￿ laws and regulatlons. To address the rffjk 0ffraudt1y￿llh m8nagompJrt bt88 and overrkkn of controls. we." • Porforn*d anatytkal wocedUre# tt) unwi (Y Inex￿clea relaiionshl>6: • Ca￿l￿d out 8&JSlanl￿Ieslhjg ol expendllwe hthi(Slng the aulhorknkn Ihe'reot. YIBW ￿U[rAI entr￿ts to Idenllfy lrnnbA6knns *NI substanllated the8e 9pV￿a1e. and + &83e8¥ed wlthr judg￿￿nte pnd ￿u[¥￿tIOnS made th d¢t¢rmknltYJ avA>tsntkng esllnthwere￿dt41fveoI W¢al bias. In Trsponse to of Irrey￿r￿e5 and non-¢ryllanG• Wlh laws and regulalknts, we deBig￿l w(Kedum whKh lThluded, butwere fimited lo: • revlewoflhe mlnutes of rneeling$ ofttrthe ¢lYw￿Lh gov8mance' and • •nqutrlng of manalle￿￿ asloa¢lual ant5 PDtenll41 Iwauon and claimB. There Inthnl llthik¢iorr& In our wdlt procedures de#¢rfbed above. The mwe r8m(wed Ihal *w8 and roguktlc￿$ arè from ffinandal tr8n$8oUonB. the less Itkely it is Ihat would become aware of ￿n.Compl￿n¢8. Auditin8 Sta￿lar￿saI$0Ilritthe8udIt prc¢edures req￿red lo Idenbfy non-coM￿[al￿a laws regulatlons to 8wulry ol the tfustees and 0￿r maThagèm•nl and th• Inspecfion ofTe￿￿t￿ and lyl eorrtsponderwk, W any. Matert81 mlsstatements that du¢ to fraud (Sn be h*der to dete¢l than Ihc¢e that 8rt8e from emir aslhw may Invo￿ deliberatewncealmem ￿ cdluoion. A fjJrtl*r ¢kn¢rfptkn ￿ our respon61blWè¥ 1$ a￿b￿blO on th• Flnancial Rwirtlog ¢ouncil'$ webslte al www.frCAg.uVauditotsrespo￿1b1ltlvS. Thls d¢slJfjptknfomTh partofour•udlW¥ repLYt. Con9regatlon Of The Dauthtsrs Of The Cross Internati¢)nal 16 Ind•pond•Dt auditors rnport 31 o￿thr20?3 otour report Tlwg rowt 1$ mado to the thartta)lu¢ompanYs member8, 88 a body, In th Chaptor 3 of Part 16" of thè Crympanle8 Art 2IKI".6. Our aud￿ wt*k ha$ b¢eft undwkkèn th•t WÈ mWt stale to Ihe GhÈyllable (￿lp￿￿￿eMbe1¥ IIwp I,QSg, ai 1.J8iwari2P23 at'31 D8tsmbet.z .10.9112BO.. 4.'660,255 IIOI47JI All W" rifjw. qalns ahd losses ¥e J￿Ilthd InJh¢..ati£we&iatèinenl.of fjnaneYdl.4¢li¥its85. Al Of the ChgnW.s activitie$ darfved from bperetkJn¥ dyrlr4g thg obDve.fin8tlLiai Pgrfod. ¢p￿reg￿lI￿n ¢pTho Uaughter4 OfThe Cro*¥ International 18 17Y,Q07 9.641 31.671 1.321.680 1$2AI14 32,566 (12M*)# S t71.464. AIITeco#fésèdo#hhs and losses¥e Indudod kn Ibe obove ¥tstsmBnt t)f ffin￿￿al AU of tbe Ch¥ty$ dertvd fftlm duhng thè réggkn. OfThe D8ughlers ￿The ¢kns Ihlem" alkinal 19 Balon￿ sbaet 31 December 2023 2023.. Flxed as5elS 17,057,'q41 16.07>.¥28' 4d.130 r￿Sh.￿l Iljnk •Trld In1•ft4' 620123 171.440 cred￿.. wYiouTrbfal¥ng￿ with￿) dnfr.year N8t'È'urrent aBset* 311,181 83.612 Told as*etè lesS.&itrpht. Iiabiiitl85 iamDWts.f4lllnot"du• aftérrlN>￿.t￿fi ono yew. li lJ,lQfj.2801 Totri n•Y488•ts 14.9S6.952. The Iuhd* ofthb Ch•rfty RE51rf￿fUntr 1.2 13 .216 35b,511 .4.389. . D•tslqnutod lori ..Cha￿er.1urf￿ rytroidoNnd 14. 41T.:037 lo.￿,.22> 10.946310 10.181893 . fun'd¥ 25￿0 1￿01￿731. 14.L¥.56.Bfj2 Approvtsd by the trustees of the Congtegaiiefi Df The Daughkn OfThe Clos￿ Inte￿*..￿0171I G￿er￿l41e". Company Regtstratlpn ￿mb8r 975653.99 (En418thtl and Wqlps).. and'sillrtodpri the'ir b&h￿f'by.: Sister Pushpa PuTathur eo"ngregation OfThe Daughtar£ Ot The Cro9* Internp.tional 20" siatemert of Cash I[01￿ 31 D￿l￿)b￿2028 4 (242 1.81rA82 DI¥￿•￿1& •rXI int¥rnAtfnrn thveskn 4669 112m7 J40.000 741￿0 559,669 W.027 N•toash UBed ITr Inveg14ng a¢tl¥ltles 311187 (761.5351 ca¥h￿¥1¥h eqthTalEMS *t 1 127>10 191,193 cIMngE In and Cash •4lJl.nlwts t• •i•hwo rai• (*y•n 44f.1WJ. 127.310 hlotytothè slaknwntof ¢ash Ilowslortheyearto 31 D￿emI￿r2D A Recondliatlon of net Incometo net e•#h provlde(I by •p•r•tknè acU¥ili•g 14etln¢orne{dgllW (as PeTth• Ststsmthtolflynel*ithll*) AdIu$tsx￿tr ltsr. (Gaifvl I.W.IYg 11031.2431 IIWA3.1111 1.944.505 1214.559} 1112.oon (682) 113,515) 404.640) 1,617.562) 140,803) NetV5h Iised Atlng a¢tl¥ltle% B Pmalysls of*•sh onl ¢4¥h equlv4knts 2123 C￿"81 In 441.190 441,190 127.¥10 >Èétr rtr4)ndll8lon olnet debt has been asllwe Ip nc*dlfw•ne• bol¥wèn thènol c9Gh {dobtl of Ihe Chority ond the alwo rash aTrd caBh equl¥atent c0￿J1eglti￿h OfThè Daughters Of Thè Cro&M Irltemgtional 21 Prlndpal Accountlng Pollcles 31 D￿eftIber2023 The prtndpal accounfkng p)Ildes adopted. Jiidgements and koy ￿ul¢¢8 of •Stlmaiion unwI￿nty in the prepar￿￿ ollhefiftaficial 5ts1efflerts we sel outbelow. Bas1$ oYprepaTatlan Tttese fina￿la1 statements have iwn pr•pr•d for th8 year to 31 Decth￿ber 2023 wllh ¢omparntlv8 inlorn*n In respect to the year endeil 31 Decomber2022. Theffinanclal statementshayebe￿ Wep￿ed underthe l• C￿l¢On¥en¢tlln wlth Rem8 reGtyJnl$ed al or trar*adiDn value unl￿$ Oth•Th￿Se staw irb rèlwant aceounlkng polkles below OT Ihe nDles tolhe6E aG￿unts. The flnand*l8tat¢menis have been Pre￿tsd in 4oyJrdan¢*￿lhA￿AIfilI￿9 and Reporting by Charttks.. Slaternent of Reoommonded Practlce aPWl¢abl$ to ¢harMles preparlng th￿r 8¢counts in a￿Ordart￿ I￿1h Fln•n¢lal Rep)rting Sland8rd 8pplica￿e in the UnTtod Klngdom and Republto of Ireland IFRS 1tr21 ICharille3 SORP FRS lo21155￿d on 16 July 2014, the Flnaneol Rpporwng StaThda￿ applic*bl¢ In the UK and Republ5¢ of IreL7rxl IFRS 1021 and thè Companles Acl 2CQ6. The presenktlon of cxpwthknjre the a¢¢ounts ha6 been amended this year to bett roileot lh¢ On￿l￿a adivltles of the charty. Comp8rative amounts have been repreBenled f¢f wnst81en¢y, howover these arnendments have nD knpdct on thB to1￿ am¢￿nts of expendttijra TaLs>JnW. The crtanty ¢Mslitules a publlc tenefft enlltyas ddlned ty FRS 102. ThpfinAnolal •ktwn8nt8 arè ￿¥￿en￿dIrt $tsrtlng and ar¢r¢wndedtoth9 nearest rM)und. Crlilcal a¢¢ountlng •stlmates and areaB of judgèment Preparation of th8 ae&)unls rèqulres Ihe trustees and manageroenl trj I￿￿8 slonificanl judgements and eBtim&tes. Th$ Items kn the accourllBwhaTethe&eludgements and OBtimates havo been math Intr￿d￿.. the alb]callon of amounts held on L*half pf ￿rtS ofthe ￿1)Nd¥￿de Conwegatt)n of the Daughte￿ of Iho Crogs of Lkua beknveen short and long term 4xetIN￿. and • theassumph.orts adoplod IA determhlng the vduo of w de8lgnalkJns required fromthe genero1 uDrestrhtsl fuNts. AB8es*mènt of going ¢oneém Thetrustees ha￿ assessedwhelherlhe ￿ of Ihe golng con¢¢m 0ssunylv)n is app.roprfale In PT¢parirwJ ihese accounts ard IAv¢ mad8 this assesyment In resw of a period 01 yeaT from thg date cl opprovèl of a¢coLmt•. CgnrJr*ion OtThe Daughlèrs Of Tho Crogs Intematlonai 22 Prlnelpal Aecotsrttlng Pollel•s 311)wember2023 Thotrustees ¢1 ￿ ¢haTity have c¥n¢kth that there gxe no malthl ui**'nlw rqlaied to ￿nts0r0￿111bnSihat MayG*lstylllca￿thUbt0tt thoabllltydlhecharkytocontin as a goi￿ oyKerh. Thg trustaes are of tho that Ihe ChaTIty VAII hav• suffldeht rag0vr￿S to fiablllles as f411 Th¥ MDSI siuntllcant areas olludgÈm¢nt th&affert knms In the a￿%)￿nISa￿d9laI￿l9bOVé. Wlth Kgard the nèxl a¢¢Y)u￿n9 peritsl. the yweNlthll 31 Decembw 2024, Ihe most 61unffjcanlarea8th&laffeclth8 (aryNJ ofthB 08*etshokl by thè Charty'areth• level ol tswestmènl r¢turn and the pfrrfmnce ofthtr Investm￿ rnarkets {8ee ts Inveslrneni pollcy and lh8 rtsk managem8ntBectknns of Iho Intsleeg weptxtfLY more Infomwiion). Inro Income l¥ reco￿18¢￿ In the p8rfcrtl In wthkh the Chthty ha5 entiuement lo Ihe Income". I Amount of ir*omo rnasured rellatly arnl ft Is pr¢th￿e IPAt Ihe i￿ome win bt In￿me}. In a￿Orda￿wfth the Ctharila& SORP FRS 102 voknilèertlmè 1$ Mt reww. Fortt purF4)s•s 0fth￿ aocourfs, novth• hasl)etrn pLg¢ed ￿ •Jmlnistr4live¥ndo1her Bervlces ed ty mefflbe￿ ofthè C)ntinued) . Dwiilg 2023. the SsSterlNstge6 and B￿s*rEene1aI￿￿[@ dl mwnt*rnofth? thgregalbn th* aryl porsonal expw5 are bome by Charity 89 partof the gMt to thtr G￿￿Tal3￿. No Ill￿ I￿1Ved gny ronmm￿￿Tr in ¢onnè¢tlon wah duties ts th Charfty (2022: £nlll. Thts lay IrL•tee w88 relmtyur8ed £380 (2022 £2521 for expertse81ft 7 TA¥AUoft Th8 OfTh6Da*ofThè c￿ htemAUoNal18 a tharlty IheT81ote [8 not liabb to On￿￿ne taxorwNatiDn tsx Inwmè ¢erNedfrm its tharttable 2022 Mirk•tV8luè at l J￿ll£￿20?3 I8.7￿..061 Unmf15ed lives1￿￿9￿S lknssesl •lvAkw#131 l>•wmb•r2D23 1 J21118 1.944A(61 I7,￿ 641 16,07B,526 S.OX41B 9XI5A138 Of the I￿e$1ments l%ld at 31 Dewthw 2023 (1 £17X157,641 12022.. £lb.07#.526) £1,119,925 (2tr22: £984,1￿) ￿1#?¢$ lo fimds hdd for (2022.. t￿)1 P￿In￿S ol the bvoMdwldeCfflgrwJatton oltrR Daugthr8 ofth? Cro&¥ ofLkge. At 31 De¢emiw 2W23. the InVestr￿ *tre het(l asf01kv￿. ZV23 2022 Li*d irsv•Jknnts COIF Ch•Tibès £ttMuo1 InvubrnilFwh B1￿&R00k C4Wl¢ Ch&7ltsb Oroyth 4 Inomo Fund I.BZl.QaB 7.172.458 17.05T.841 18.079.626 Net Inv•sfvntp#lrkB (bjssts) deaLtw4th In SOFA ar8 rnadÈwp 48 t£*￿￿.. 1.321115 11,9Mth051 80.734 113.294 1337WI ¢1,B31211 L•￿.. Othw I￿1￿)1￿55￿5{5etrb￿klVI Qdn ISOFA Invts5Lnwnt managprs ore CGU4 Fund f4¥dnageTrLlmited. wilh Inve5tsnenl kn COIF Ch* Elhie21 Inv88tm8nt Fund, WaekRock Fund Managarn Llmrted, ￿th investwwl BknKRc￿ CatlKJI* Gtlarttks Growih & I￿rne Fund. CoNJregaiion OfThe Oawters Of The Cr055 IfttefnaUc￿al 21 Noté¥ to thè.Ilnandal statempnts 31 Dacernbw*O23 Inv¢#tknvnts.(contlnwl) tsurfng the yw. thp trusle8&cardefl out & thlew Investmènt maftgg8ts. with the htylp oftht G¢neral FlnJncèAdvisoryCommilte&.An exten8N¢ prowwas undettaken, reAiiilln9 in the relent￿ ofCCLA Fund M'aTragétk Lkn￿ed and tiip apkxiirthenlof ￿Zer￿e.C￿ta..l In plaw.of thckw FuTrJ manag￿ Llmited, As al lh¢ bal￿￿.￿Per dale the transfer of ihveslrnents to Gazenwe C•p#al had not tskon Plo1* th18 happ0￿4 In.Ltte seurynd quarter'of 2024. titiier investinwa o*n% 01£85.7.34.12022'.10&80801£11.3294>rernwt"gkin8 ihtre.¥iecl:crf IibvestnRnts held onbehal (Ipat¢¥.gfthv wwl.dwKI¥Congregailrii.of"Ihe LlaugNÈern of tho. eross of Lieoe, hence they not attrtI￿￿8I)lè tr* the Charity's 'Stalemenl ol Financ5al. ACtIv￿forth* yèar, a￿1 *nou￿..]hd￿dedin.￿¥elI0tr>r3 a¥ heldon1￿41f0f thp3¢ p*ts" Are adJus184 w>tdjn#ly. g D•bt¢r• 2022 PrOpa￿rien15 and.:gtèwad IhbTh. . 84,nJ 44,130 44,1¥0 1"Q .eTedltNs= amounts.falling duewtthiri Dhe ypar 20ZJ S..B40 39,6b2 dlYAklts held On behoW•f'wtsolfv¢MgwalonrAthe tyaufv. ol 174638 214240 g2,8bi 107.'828 qf Cw•ditoY•: amounts f•llliig due aftét more on? year 2022 Amounts held gn b•hall of palts of Ih• of th Daughtersof Iha Cros8 of Llege 1,189,2BO 1.1 Restrioted.fvn*. The fund$ oflh¢ clari_ty In¢lLldo Ihofdk>Wlrfg'r￿IGl¢d funds vjhld) ￿Va been ¢10gltwKh in. ¥(vrdAn￿ wlth rpBtrictiunB 8r91￿d ty th¢ donors iif.ttE'!ur¥JB" Gglns l January 2023 Pa .Fvnd 358.,511 &1.'149 3BS,216 Qo"n9re9atlon OIThé Daught•rs Of The Crostjntèfyl#ffonal 28 riotss to th? Ilnanclal slatsments 31 De¢atr2tr23 12 Regtrl¢ted fvnds (ecnltnued) At At31 4K163 2&810 2,507 14756) 4810 141.409) 358,511 Patrlfflony Fund repr￿ a pablnwy dDn*d lo Ihe Chathy. the teBtrittknri that•w tTh)niesdon*dltom that￿nd nwBI b8 spertorilht dwi404aywe5far8 ofthE VIX ed for by the wotl(hvide Congra￿[￿ Df the DaughteTr of the CTog9 of Liege. 13 EndOwMw￿ lund Th8 EndDwrnent frjnd Yeprég*ts 4 £2m Iwti¢)￿ re(thwl In 20H: th* t)f Wthloh re4iHreO the donalon ts be InveBbd and I￿ld as an EThJowff*nl frJNI. A worx¥tkm of fund, to 3.5% ofthe value dthe fund at the beginniw ofthe fjrtanclal year, may be uaed tr*$upwlthe runnlng olthèGèneralatè andlorlo expand and ￿hanCe￿ mi861Dn Dutlllg th¢ yegr un* reylvrf. th¢ apptoachpdthe thmmofthe Fund Ind rewesled Ihat a ¢fwngtr be to the way thwl wfthdrnwal from the l￿d is Iwloteil. to the of vAlhdrawal amtyjnt and the wiihdr*val morp con3istsnt Irom year lo year. The donN8 agreed lo the trugtee8' request. and Ih ¢I￿n￿ been inW•mèrrtwJ ￿2£￿3. MOV￿ent on th• End(trM￿ fur￿ durkng lh8 yegr ended 31 D¢r*ffdJer 2023 46 94l•hL•b￿ug￿tfO1Ward 8t 1 Januwy202a InveslmoTht In¢me th.. unt•th"68d gths IfosW8) Lo￿. Wthliaw*l$trom th•fund BAkne• (•Rlod fDts*￿tt 31 DéÈ8rAJw2023 4.B82.547 a82,213 16J.GJ6 66425b 4,389.618 1802.8Y91 14 IleBIynated funds ofthg Cl* IhB foltswkn9 desigMt¢d fundF whlth Mve been set as l of (mrestrlct%vJ luntts by the Illtsteek kn speclf* pur￿. AtJi 2D23 d•sknalkw Dorokn9 2023 F￿d Efitr*dg Fund Sthd¥tyFur 100,9D8 383ffj05 9,th9.180 10.103,893 11.7171 12SWO {4,341) 417P37 P38.n21 10,404221 344.7901 10,946,280 37.7T3 1.043,775 1.107.357 Cororegatton OfThe Dwghter¥ Of Th8 cr￿ In￿￿a￿Onal 29 Notas to th0f1fftan¢i￿ $tAtemémts 31 Decembér2tr23 14 Dèslgnated fund8 (rMllnu￿? AtJ.I 12? 79.011 ,50& (46111. 100,908 9.675.531 54Q0981 1.1.,027,.470j. 9,699,18¢i .13T.Ort1 .12t3.rm} (f."099.4391 11.2S1.4431 iQI8S,#9 1è.$40,575 Thè Ch•W Fund ¢Qhyise¥ amoun19 dgsignatod. to C4Jntriknte to.the cosls of" tho'"nexl fj¢rtr41 Ch£pterolthÈworkprtMoCongre9ation tsf the D#"ughtet9f the Croa# oiLkny&,wh￿h 18 dyeto tske place kn May 2￿24 and ftffivhldvllie knwees pxpe#lo graNiunds., The Enlraidè F.und ¢rynprisès nlontes d&slgnated for help for ￿ poor arwnd thè worfo.. Th18,rnr¥w WOB.dtsnat8d by Entr*de Irfe"Mat￿fi01o ASBL, a"¢)arity basedin Belqium, th'e.. alth olvthjthwaf.ty.trdp thB pcor.aTrJ IheltU8tees have des￿EtedtNsfUnd lo carry onthe. wrMt(" of that charlty.. The hJnd9 A￿ Invesled And iip.to 3..$% of Ihe W￿￿8.011hty.fv￿1 at Ihe beginning olthe year ￿ se1.￿dé. ond1$ regLl•rty. Lw4ty.8nntsolly. Ognatpd to apwowtslQ The SoiidaTIty Fund has.been designated t(1 p￿de fvntlg','for.th]4knnè arfslng I￿￿11￿ the tJWKle CtyngreBation fJnÈneial r¢yr)urces' may be néeded. Thesp gtuaknong may. be roullne or wiieffjenoy ty roture, is6iies caufjing wceni currerfy, 'or.sttuatIo￿ vhw¢ Ui$rq GrinGèin8 for tho fuiwa wh.gre thè Ch*ity mtty bè eaued ofri to. &mstd prov"K3lnu a8slstan(*. 15 Analys15 01 Ilbl asg•ts b'etWèery.fund5 "TOt*b runds nd a13J Dt¢emMer21Zi' 4fE rèpM*ited by: lovestments 1.056.221 1o,trA,o US,216 4.60Tr-,255 It.obi*ii (lJ52.Wi. 1S,ts]D Tolal Corgregation OfTh0 Dau9bters Of Thè ¢ro>g Inje.￿￿10naI 30 Not•s to th•fjnindal ststemeDtS 01 Decen*er21)23 15 An￿18 ¢1 n•t ao1¢ts b•lw•En tsnds t(¥)rtthied) .171.4rf1 V07.8¥ QP.82aJ 35¢511 4.389.6¢B I4.9￿8$2 Thè total unrtallsed galns as al 31 DeGember2023 ththments èn revalLMlton 2Q23 2022 .002.22J. 8.774484 ReEgnGIIIBUon ol movwrnnts kn unreallsed ￿lD¥ LtsTralwed gains at l Jwurykn23 Unre81iwd gaiTh5 Uass8o)Afiwg in y Notr•dl8ed dl¥*4* 1774484 8.954.123 1,324115 11,944,508) P4376) (235.1311 Total unwIl￿d g4kns •t X Do¢ember.2023 400282J 6,774,484 16 Related party tran5acilo The maiorlty of iruslees are m•mbeYs of the wtylrkvtde kna1￿} ol thp Daughters of the c￿85 of Lie99. Gt4nlB may be made lo any part of1￿ Coffjreo&lon frryn iollmo. eorwwion Ofyho D•ughtorts 01 Th• Crw Irknmatis)nal .31