Ch•rlty r•gktratlon numb•r 1148980
COmp￿Y Teghtratlon numb•r 00487520 (England Ind Wal•s)
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
LEGAL AND ADmINISTRA￿vE INFORMATION
Rev M C(Kc¥m MHM
Rov J b'ndero MHM
R8vG Hastso MHM
Rev Lun8 MHkl
Rev F>AAmek MHM
Charlty numlJ•r
1148980
Cob)wny number
(A￿675?0
Princip•l address
Po Box 3608
SI Joseph's Parish Cenlre
klaidenh&aJ
SL6 7EG
Auditor
Robson LaKknAwJmtsnts ￿n￿d
Jèsmrxj
Newyasuo UFKH) T
Tyne W
EngL8nd
NE2 1TJ
Bankers
Rtyal Bank of Sc(th￿l plc
62-63 Thre&lneedlè Slreet
EC1A98D
Solkitors
70 St G8rffgo'8 Sw•
Lond(Xb
SW1V3RO
Inv•$tm•nt advlsors
Brknin D(￿phin Limited
12 Smithfiehj Stre81
LONI
EC1A98D
Chartes Stanley & Co Ltsi
SS Bishopsgale
LorKk)n
EC2N 3AS

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
CONTENTS
P*9•
Truste￿. r$ptyt
IrthpeThJen¢ •udIt￿¥ r•p(¥t
St¥tsmBrrt of firwKaal acli
10-11
BolanL¥ Sheet
12
Stal￿￿nt ol cash fb
13
Notos to tha firwual stai0r￿nts
14.23

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The irustses pr8senl thgif TgP)rt and sl*ements ky the 31 2023.
The Iruslees who are akn dKector5 of the dwrity for the of the Comwwes Ad 20C6. present their re[
with the finandal slalements of th8 charity for the year 8nded 31 Doc8mL*r 2023. Th8 tmstO95 hava adopt8d I
prowsions of A(£ountiThJ and Reportin9 by Chant*s: St£teTr￿t ol ReL¥Jmmended Pr￿ti￿ awicable to d)arilies
p￿ paring th￿r actount¥ in wth the Rgporbng Slandwd appl￿￿￿8 in the UK arKI Republic of
IrélAnd IFRS 1021 lèltéth"¥È 1 2019).
Introduetlon
st. Joseph's Soaety for For￿gn MissKrn was fCrtff￿d rl 1866 by Cardinal Hethrt Vaughan at ￿*.11 HIN In London.
Th8 Sooety is an "int¢rnaticThl ol Mi5swari95". dgd>(ztgd lo the work of evangdisalK>n. to the buildrr
up ol young Churches, and to the AssTrslJr•) of Churcl*s in s￿#￿1 r*eod thLqKJè tho h(Kr￿ regio￿. Member8 of I
&x￿ty ¥rg gxpgctgd lo +eave their country ￿ Lwlhxe and to be in¥￿ve￿ in W0￿e￿ng areas of
evangelisabon. In Detember 2006 the Gwvalate from fvWI HTII to MaNJethad lollowing the sal8 of
st Josoph's Colkgo in Mill Hill vh.cth tradIt￿nalty W been the prinupal tr￿r￿n9 ￿ntr8 ol thè Society. Becouse of
Its historical found8￿.0fi ihe Soti¢ty •nd rt¥ mBwths kno*r7 ¥¥ WI HAI Mi83iDnarie&
Th¢ So¢Trtrty 1$ ￿9•r¥SOd inktr Ihrg9 MISS￿n8. th8 Europe arHI NL¥th Amorica Mission IONn￿IS￿g Groal Britain. Tho
Nethertands, Ireland, The United Slates, and Gemwi Spe8kiNJ Region. enc￿p8￿.ng houses n Italy and
Austrial. Ihe Africa Misson arKI th• Asia ￿l￿On. Lhknl fac8￿Y it ha$ dr&vn thè rwonty of ils members from
Europe North AmencA. Today there afe many cwthdales from Camoffjon, l)orThxth RtspL*Ji¢ 01 Congo,
Ken￿￿, Uganda, In¢tha. Mawsia w¥J Pl¥likWiRS.
It has Mission Area5 countnes. Kenyo, Ugar¥Ja. s￿ Sudan, C￿ToOn, Demrxatic Republic of Cong),
South Africa, Pakist￿. Indi*. Mal¥ysw. PhlIppi￿￿. &Jzl' . C8thdia. a pr9sen(¥ 913ewthwg in Ihe world,
Th¢ o>np•ny w•$ in￿lF￿)ra￿d m 20th Odober 1950. LWKIW a m0￿m)￿l￿￿M and artKles of associalion, aThJ
register￿1 as Q0487520. The Ch8rity Commr89ion gave th￿tab￿ staius to it cm 17th September 2012 1
Charity nuthr 1148980. Until 31 Doc8mber 2012 th8 conyny was thymanl. It bègan its ath"wb"es on 1st January
2013 when the Charity for St. kneph's M1$5iw s(￿tY 18ritJ¥h Irust IChaTity Crynmission numhr
2￿90 and the S¢J)ttish Charrty Regu181or rKMnber SC0398091 tran5ferr*J a58els to il. The 5talulory power of
ap￿ints"ng tr￿lÈ¢S the ￿$t1￿j Trustees.
Orll•thatlon
All thé Directorsfrrn¥tÈe¥ ol the Ghwity ft)r Sl Josgph's Sro8ty IGen8ralatsl are Mwnbws of St Joseph's
Missionary Society. The dYectoTr of the company are apwnted p)mUy ty the Gen£rnl Superior and Vicar General.
The General Superior is tho Cha'mwn of the 8oard ol Di[￿1(￿5. The Gweral Supenor and the Vicai Gene[81 were
elected by the delegales at a Gwal ljwptsr Wd fvè >*¥ts. Tl* re(wt Chapter was held in Jur
2022 alAbingdon, Enkrfand.
The tnJstè&s have ￿ld dtse lo Ch*ty Ccxnml￿10n n dgddirq %thal a¢tlvitios the
charity should und9rtake.

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
TM Tru$t•es
Rev Mlchael Corcoran MHM
Fr CoruTrran ha$ a fiJll n*mber of the S(K*ty since January 1985. He was ordaIn￿j in August 1985 aNI
elected General Superior of IhÈ soc￿tY in 2015. He was To￿le¢l￿rt Su[W￿ G8neTal at the General Cttapler
June 2022. PrK)rto beww eleded General &wenor he was the He&1 of the so￿8 Irish Reg*Jn.
Rpv Gèrard Hasti• MHM
Fr H8stio has full ￿rthr of the &Kiety Decwnber 2001. Hg crfthned in Junp 2002 and wa5
Bppointèd Assistsnl FinAJ*k4 SÈttÈtsry in M8y 2019. In Odober 2019. he wa$ appointed Fin8ndal Seuetary. He
was appcAntod a8 a DIT￿tOr￿rust0Q in No¥erth 2019. pr￿ to app￿'nted as Assistant FinanrAal Secretary
he was Worf(w￿ Ihe Society's mts￿on in K￿y8 and UgaThJa. Gerry was dected VKai Gen¥ipl of the So¢iety by
tho Chaptor d8kngales in Jul￿ 2022.
Rev Jimmy Llndero
Fr Lindero has beon a fvll Member oftho &ri8ty since Octobor 2rJ)6. Hg ordainad in April 2007 and 91gCtod lo
the General COU￿11 in June 2015. Pr*)r lo be*ry elected to the General cou￿1 he was we+*iNJ in Ihe Society's
mission in Pakistan. He wa¥ appowited a5 a DIre¢tw￿lystee in May 2016. term in the Gene￿1 Co￿K* end8d in
June 2022. He WRS appcAnted Financd Sterètsry ￿ Febru¥y 2023_
R•¥ Phlllp Adod• Am•k IIHM
Fr Adade has been a lull Memtw of th8 Sccw Sin￿ 2(M)8. Ho was ordained prièst in August 21￿5. He was
elected to the Genero1 C¢urKil ￿ ju￿ 2022. Ho w?8 appowiled a¥ a Dyoclrxnrustse in W 2022. Pr¥)r to his
election to Gweral Cou￿41, he h*J worked li ts Sc**Vs rT¥ssKm in Ug8nd8, ￿ya and the UK.
Fr Bernlè Luna
Fr Luna has b88n a full Mèmb&r of ￿ SfXiOty 6irKe March 2Cth. He w (*Oair*d priest in A￿1 2010. He was
elected lo Ihe Genernl council In June 2022 Hè was tppjftted 8$ a th"r¢dtylTwstee in July 2022. Piiw lo being
91gLaed to Ihg General CwrKI, he was %wrking in the sc￿￿ty's Paknstan.
ObJ•ctl¥•s and ah
The willcip¥l ObJ￿tiveS of IIR Sou'ety as stated in fv trust d9ed awe..
Such eh8ri18b￿ purrthes thal 8(fv8nce ￿ relIg￿uS and cther charitab18 th ofthe Sc*)* ¥thJi
1. The promotion. Maint￿)￿ & ol thg SLKxty & its nvnbgr¥ indwlng Ihg thtion al tlvxg
2. The relièf of poverty and
3. The advanc￿￿nt of the Roman RolwJMJn
Th8 Trustèas may use th8 and Ihe it)c(yn8 of Chanty YI prC￿lI¥j Ihe Qtjpcts. These Ob￿*ve6 d8aty
$tate th¢ aims Of the So¢￿ty.
Publ1¢ benefit
Thè Trustees h•b* cor￿￿￿¢￿ the gUIdan￿ madg avalable by tho et￿lty C4Mnmk86NJn EThJland and W*s on
the Public Benefit requirement ol Ihe Charit￿ The Trustees ore o)nfwJenl Ihal they have conv1￿d ¥￿th Iheir
duty undor tha Charil*s Act in that they hav8 ward lo t*neffit guidance publiS￿d by the
Commission. In furth¢rants ol lh¢ Iry8ls tharilat48 purpo3es f(x b8nefrt the truslees giwe detai15 of i￿￿r
aCts'V￿e5 in Ihe ￿￿oW￿¥d p￿￿TaphS.
Achi•vgmonts P•rfO￿•nc*
R•¥l•w 012023
Mission is Ihe hoart of the s{£￿ty, e¥*ciaty in Flaces the Church is still young and needed support. In Asia,
the Soci¢ty continu¢¥ to in FAaGg5 like P¥k45tsn, India. East Klala￿l￿, the Fthilippin95, and the ￿e￿Y opened
sslon in CamtKxliA In Alrica. thè Socièty ths Camerrx)n, Keny8. Uganda. Democratic Rewblic of Conw,
South Sudan. and Swth Africa. Thero is ￿s0 a miSS￿ary wesence in two counln.es in Lain America in the
'Home Regions" like the UK. Ir¢￿J. NelhowlwvJ¥. Au*ria. Itaty arKI North kn￿lEa.

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The formalKJn of eaThJidates for offj1natK￿ to rrYssKww piiestrtKKI is one of ￿1raI of the Scthty and
contintjes to grow as a resuli of a steady slrearn of candidales (x)rring frr*n the missKm countrw in whith the
Society ￿}rks. In 2023 the￿ We￿ 156 students in the fLYm￿￿ programrr* and 14 student5 became permanent
M8mb8rs of the Scoety and woro ordained to tho WgsthC￿d. Tho steady incThaso in the r¥Jnb6r of Memb8rs ol the
Society in recent years has 8lkAved for the strengtt*niw of pers￿￿￿ in sorm of the newty OK￿e￿ ￿SsIOnS like
Cambotha. Every two ygars, our lormal(¥s our various f(xmatTh in aivj nwt fpr updalwvJ.
review And KA8nning. In Detsmber 2023, they mei in Hyder8bad.
The S￿ety seeks to offer its Members thjrry thor missKYwy life the op￿rt￿¥ty for ry¥ng human deveh)p[T￿t
and educ¥t￿ ￿th the result that ¥wJht fdlowtrj rtnew￿ cwse$ in 2023 were in further studie
The ScKi8ty funtts Is missKmary th in 15ff￿nI parts ottha tl*iW.'
inveslrrtsnl¥ he*J by th8 G￿￿rakn.
2. donats'ons and
its share ol Ihe Mis6ic4Mill Hill MissTronary ryiwj BorA￿￿a￿ M￿aged by its Biknsh R&Jion.
For the year 2￿. the &)tsetys invesbnents hekl by Br&￿1 t￿4￿"n. Charfes Slan* and MAnagen￿t
Group. InG, p9rf(¥mgd conyarativety well Ihan the previous year. The year ende(l wilh a w)wtNe gain gf mgrg than
lour hundrod thousand pounds in markol value ￿￿k8 lh8 p￿1￿3 year *then w8 1051 more than livè Milli￿ markèt
value ol our investments. The SOc￿ty monitors the perf0M￿nCe of its investments by keepiThJ in close louth %wth tts
¥dv7ser8 both in lh¥ UK thtr LISA awvj by rffttwvd thom wu18dy Iquort￿Y &nnuolly) either foce.to.face
or online.
As menlior*d the Sctioty ￿ceiV03 fwKling fu rts miss¥)n frDm its pint fvrKlraising appeal¥ with Mi¥¥io
IRegi51ered Charrty ￿. 10566511 whth a￿ managed by its Brblish Reg￿n IRegi%lered Charity No. 220690 and
SCD398091. Tho income receNod for 2023 thr￿jgh this fu￿"SIr￿3 vras £508.360 vthith was 11% loss from tho
income of Ihe p￿V￿uS yetr. The SOC￿ a180 received gene￿IJS C￿tr*)￿liC￿lS tcAYards ils work from its Re9MMS
)rth An￿ri￿, Ireland, Britain, Geman Spea￿￿ Area lin Austra and IWI and the Nett*rfaThts.
ThB Swoty mwages its finances fr(¥n *s FirwKe at th8 GorTrwalato in MaKJenW from th¢r$ it Iwi20s
th its overseas bursars. ll also hohls ￿ annuBI Finan￿ Meeliro ￿ its Bursars in Europe, Camer¢x)n,
East AfrKa, Indk and P￿lippI￿$. nwtMvJ onl'nè via Zcx)m from 2?1 to 26M May 2023. The
Finance Cwnca acts As an &JvTrsory to thè Ge￿rnI Courdkn ofTnstees.
CownmuniraliLN) of its ffles5age and cornrrtunKalion wJtwrters o an iwnKMytsnl vK¥k of ts Chavity is kept
undér réview. Trad￿"(TrI￿ Ihis h8s (knre thr¢wh the vartws m8wnes publbshed by the in diffèrent
G￿ntries. Thg sc￿lety's KFb&te. wth nK)re and fflorg pe(y￿ fflov¥¥J onlinB, continuos to be an Invaluab￿ means
for keepi￿ supFKylers upd01￿ dyity on the rth¥ of the knety and the￿ hos Ixen a steady uplake in peoF4e
using the srte lo make onkne d(x)8tK)ns for thè ol S(x*ty.
In accc*danco wlh its objectNG of tho rdief of pm. tho Membgrn of tho sO￿ty work in ￿￿nY pocr deprived
8re8s ol wortd K*Ov￿.nY re￿IC￿￿ and hum8nil8rian seThtes. Some of these areas we difficutt to work in
becau$8 of disrupti￿ duè lo OVA unièst vio￿nC$. Th& orwng unf*￿ in EryJlish.sp8aking Cameroon as well as
Ihe rising insecuTty wncerns in North.East8m Ugar¥Ja rj)n¢¥￿je lo rwo coThxrns wuund the safety of the p¢oF4¢
and the Memters wtrv) vKJrk n these pkns and best to resp￿.
M8mb8rs of the Gw)eial Cwndl • keep in wilh Mgmtws C￿ mission by viwtw tlw ￿ thg areas in
whith th¢y %￿)rk. Thoy wyre aNe lo y￿rt IAerthrs in Malaysia. South Sudan, Uganda. CamI￿dia, Kenya,
CameroorTr. Indi8 and in the Hc¥ne Re9K*is. Le8derslMp consultat￿ Meets'r￿, ￿ganiSed by the General C¢yJncil
for A&'an, Afn'(xn and H(xne Regi￿$, wgr8 do￿ online ZCK*m p5atfofm. Also, in (Xlobar 2023, tho G8n8ral
Council ¢xgonised a zoom (xJn$ull•tiv¢ mee￿9 4%Yth ￿se le•kn bj deterrr￿ the fvture ol the Procure House in
Rome, The GeneTd Chapter 2022 directed c(yJTr￿ lo a review ￿ INYW the Rcyne House best
sorves the Society ￿ ils missK)nary obpth'vos.
The Gèneral Council lixistt with other Church bodkns and partiti"pales in *idèr Church ¢knJJssions as
I￿ember of re￿V￿1 Church OrganiSat￿ such as MISAL IPILssion8ries of Apostolic Lrfel and the USG (Union of
Superior Generalsl. Th* anrKwI MISAL mogWKJ t¢xth FAa(¥ li Awl 2023 in Ab￿J￿. USG meeting was held
May 2023 in Romè.

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The Ger￿181 Ccxjncil ILqises other Church bodies a￿1 Part￿"paleS in wder discussion$ as
mombor of relevant Chwch Organisations Suth as MISAL IMissH)naries ol AFK)sldic Lil¢l •rbJ lh& USG (Union of
&Jperior Generals). The ￿nual MISAL meeting iojk olpn'l 2023 in Abxll￿. The USG rrEeting Yra8 hgld
May 2023 in Ro￿.
Tho SfKitrty oth0￿d Iho ¢tioth¢s it set tt8d frx thè and is 8knfied wth results ￿ Ihe yaar.
Fin•nGi•l rovlgw
R•8eN•$ pollcy
Whar8 ar¥Jropriate, i￿lIvI1￿￿ and rese￿￿ havo diBoJssad in tho Rovi6w ￿ 2022. Thg Trus1￿ •te
himever v¢ry Const￿5 of the ¢ommitmeni of the SL<aety lo cfjniinue its wcik in the fLttwe and the r￿d to
safeguard Tesources, especkglty with the increase ol Mewnber5 rptirpmgnt ago. and tho majority of the
your#J8r Trhmbws hailing from th8 gk)bal Scth.
Investment pollcy
The investmen¢ poScy of ts Soc>tily is lo rBc*ivè dividttnds from Mwestm￿1S. madè bro8thy on an alh￿1 basis, so
that the aims ol the Society can be ach￿￿. Ctr a￿￿￿5 have the instruGtiM to fc41ow Ihe poly of 'safv' rothor
Ih8n'$pa¢Ldot1￿. h￿tm￿nts.
By July 2021. in rnspJn5e to a decision c4 th8 m?dg in 2020 in line with the Society's commilment to
elhl¢81 Investments, ￿ Sodety held ￿Y with whose m•n source of In￿M9
from the extraction ol lossil fuek.
Rlsk mtyftag•mont
The TruGl&es keep undw ro¥￿ tho major risks to is exiosod. in p*l¢ul8r those feLqted lo the
operations and f￿arttS of the Tntst. To thi8 end rt is in c(rtant (xrfnmunic8tior) its investw*nl athi80t8 L
here and kn thg USA an annual T9V￿ nwting th8m.
The Tru81e8s 8150 ￿vIeW ￿nUallY the Insuran￿ Brrthers its lal)litw and th? okvOpf￿st8nes$
amLtnts of rls insuranc8 cover. In 2020 a review of ils Me¢*"¢￿ Insur￿ Polty and hcN4 it eA)vered the Europèan
members 11vingh￿￿.n9 ￿ Ihe drfFerent counln.es in the Soo"ety opBrale5 wa5 undertakon and a nw4 pclicy
as puwchasgd. Thg Gx)vgriTha or¥JinoknJ fyryn Afr￿ and Aso in the dIffe￿nI counlries they res*Je
in remAinèd under rè¥￿. Art ex¢eftgvÈ rèvi￿ was also cwned wt ol So*i8Ws CYtr￿ Instsranca WIGY, fdlowir¥J
on from vthicti a new policy was wrchasod.
A£ a substantial sourrA of it)cune to SW f(Y rts missKw *rJrk is lh8 fundraigng *rangThnl v*th"ML8W'
IReg Charty No 10%6511 Ihe SoC￿ty r￿ul￿ty I￿1￿3 vrith MissK* and the Societys BrI￿sh Region (R&J Charity No
220690 and SC0398091 who the on rts behalf n￿￿rt0￿ the Inco￿￿.
Plan¥J for futurn p•riods
FoHowin9 the rec￿￿Men￿31t0n ol ChApiw 2022. FinarKaa Re¥i8w of th8 S￿ty was undgrtakgn in Novemt*r
2022. 11stud￿ the current fmanaal slatus of th8 Sooety lvov￿￿ a to the Ilnonud stsnding
of the Soaety.
In vrder lo monitoi ihe sOc￿ty.8 financial slalys a￿1 to th? effo¢tivity ol the rKAi¢x$ n pkn in relal#)n lo the
reCoMrrEndalK￿ ofthe Financiol Revlew, a foMN up revEw be ￿dertSkeft 81 the ofthe ¢xl￿nt fis¢al ygar,
Structur•. governa￿e and managwn•nt
The company was Inco￿￿ted on 20 (ktob8r 1950. undBr ¥ art￿$ ol gssociatKm, and
registered as N0.Oc￿87520. Cunmission gave charrtable stabJ5 to rt on 17 September 2012
No.1148980.

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {coKfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustbas. Itho arg also tr* dir&¢tors for the ol ¢(w law. 8nd seThed duriNJ the year 8nd up to
the date of sfvW8lu￿ ol the fm•nual statwnenls *we.'
Rev M Corcoran MHM
Rgv J Lindero
Rev G Haslie MHM
Rev BA Luna MHM
Rev PAAmgk MHM
8tat•m•nt of trusts•s' responslbllltlès
The frustees. who are also di[￿ of Charity Fw St Joseph's MissvyBry Swety IGeneralate) for the Pufpose
of rA)mpany law, are responsible kjr p￿paring the Trustèes, RÈrAJrt ￿ tho fin8nrial slalerrents in ?￿Ordanc* wth
applicablg law ¥rKI Unrted KI￿￿1 Accountr'ng st￿￿jaI￿s (United KirI￿j0M Generdlly Accepted AcD)unling
Pracli¢el.
Comp8ny Law requi￿8 tr* trustees to wepwe fin8no¥l $1otsmenl¥ fry gach finwmxal ygarwlith smvg a tru9 and fair
viow of th8 Stat8 of affaws ol the charty and ol ￿ iNxJff•YJ resourr2$ 8nd 8Oicab"M of resourees. indLKling the
income and exp¢nditur•. ofthe I)￿lY ￿ Ihat ￿.
In prop8ring these financial statgmonls, Iho trusl89s ¥e kn..
. sol¥d SLilalAg a¢￿U￿r¥a polims then them c¥Mistenty.'
. ob3erv8 the m81￿*￿S pn'nraFdBs in the SORP.
- makojudgem8nts and 8slimalès that arè rèasonabl8 aN1 prudèni
. stale whether ￿plicatIe UK A£o>Jntry St8nd8rth have teen frAlrM*d. ￿tiec1 lo arry mater481 deportLW
¢th$¢108ed and 8¥F4al￿d in the fina￿* slatomgrrts,. and
. proparo th9 finathia stateM￿ts M Ihe gory o)ncem basis wmess it is i18ppropYiate to wesume Ihal the charity
will cortinue in operal*)n.
The Iru$tees a￿ rewnsible for k•w'ng 4dgquats aw>unb"ng tp(yyd5 thBt d￿lJOse wth 1pas￿at￿e accuiacy at
any txne Ihe financkql F%>siion of thè c￿￿"ty *)d enabfe them to ensure thxt ts finanrial slaltsrngnls ￿rnpty wilh the
Companies Act 20(6. They are also resporysl)le lof salegvardw the assets ol the chanty hen￿ lor taking
rwonable steps for Ihe we¥enb"on aTrJ ￿8￿m)n ol fraud othor wrwJul*ibo¥.

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
TrUSTEES' REPORT (INCLUDING DIRECTORS. REPORT) (co￿lNuED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Audltot
In accord8nce with grt¢des, o res￿￿¥￿) th•1 Rub¥(x) L•wJlei A¢cLwntanl¥ Umibj be
reappointed as avdrtor oftho conwany wll at a G8neral Meèb"n9.
Dlsdo$ur• of Infomatl¢)n to *udltor
Each of the truslee5 h05 ￿nfirr[￿d Ihal Ilwe is rKJ i￿rMal￿)n cl Ilw are aware which is rdevant lo Ihe
Adrt, but ol Ithich the ￿ditr)r is unawArè. Try have Itts C(￿rI￿d thal tsy h￿e tsk8n approwi819 8tep6 to
Jèntify Suth TO￿ant inknrmation and to establish thal the auditor is aware of such informats"on.
The truslee$' reportwas akyovgd by Iho Board of Truste8s.
Rev M Corcoran MHM
Trust••
Dats. o 6 .1. 0 &. {.2.*.........

CHARrrY FOR ST JOSEPH'S MISSIONARY SOCIETY {GENERALATE)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY
{GENERALATE)
Oplnlan
We have audfteLI ￿ fwThial Statem￿ of Charity Fc* Sl A)seFth's lthssK)rwy s￿ety (Genera￿e) Ilhe 'chariVI
lor Ihg year ended 31 December 2023 thch compn'se the statoThnt of ￿ar￿al activibes, the balanc8 sheet. the
statement of cBsh ￿0￿S antt noles to the fina￿ s18tements, ￿Cthng 59n￿￿nt 8ccountsrvJ pc4ictes. The finBncial
r8POrtiNJ that has bggn appl*d irb prgparab"M bs ap￿1¢4￿9 law aThl Unrtod KiryJdom AcwuntiTra
Slandards. I￿ludir0 Finantial Rel*￿￿"r￿j SlÈndard 102 The FirttinttBI Rww*n9 Sl•rKl6rd 8pptrcAble in the UK 8
RgpublK oflTrlaTrJ Iunited KAWJM Generaty AccepledAccountNig PraciKe).
In our wirmon. Ihe f￿anCisI stateffmts:
gtve a truo and lair Vwf of the slalo c£¥npanVs affairs as al 31 Dac8mtei 2023 of ils
eomin9 resources #Thj y4utK)n ol ￿(xy￿. its in(yJme exptrditiKe, for the year th
¥[￿ed.,
hgve b8•n prDperfy WqPaTgd in a(£0￿ 7*ith Un*ed KTyJryn Ac£ept•d AOX>L￿ting Pr¥¢tice,'
have We￿￿d in acco￿￿￿ T*ilh the requwwwts of the Cwipani85 A(* 2C¥)B.
Basis for opinlon
Wo conducted our a￿11 in a(xordarbc8 wtth IntWri￿ SiwKlards on Pthibng (UK) {IS4s IUKII and awublo
law. ¢)Jf ￿s[￿SibIh1*s uThlef those #tsndords are I￿er described in the responslts'li¢￿S ftjr Ihe audit of
the finanoal slatsM￿t$ ol Ixff rerrfxl. We are I)dwd￿l of chan.ty In wrth thg èthical
requirements that are reloyanl to our aydTrt CA Iho fiwoal stalom8nts in the UK. inrjuding the FRC s Ethical
*andard, and we have fU￿l￿d our other elhical respon&t*'lths in accordance wth these requirerronts, We believe
that the audit ￿Idence we hav8 obtainod is and apwopr*t& to pyovwjo a basis for our opnion.
conclusiv￿ rnlaling lo going concem
In ￿￿1t￿n9 the financial ¥13t￿ents, w¢ ha￿ C¥YKau(S¢d th* th? tru¥lo¢s' us• of the goivJ ¢orK¢m bas{% of
accounting in the preparat￿￿ of ￿8￿81 staterw￿S L8 8ppropw*le.
Based on the Wofk we have perf0M￿d, have not identified any materiol uncertainties ￿lating to events or
¢ondilw)ns thal. itKliwdually or ¢dle(*"vely, may wt rkxknt on the tharty's atxlity lo a$ a going
c¢￿•rn for 8 p¢rftsJ ol al least rwiths Irm) the fin¥Kaal slAttyn8nts arn thorM¢d for is$ue.
Our resFMJnsibiliti8s and tho rgsp)nsIblrtS￿ In￿1￿$ wth rgspKI to goY¥J c4Jn(sm are descriW Sn the
relevant Sects.0￿ ol Ihis ropc
Oth•r Snformauf
The other informatKn comprises the infOmwt￿ in the rewt otheT th￿ the tharri81 slalemen15
and our auditorfs report th8r8on. The trILst86s *e r&sp(ms￿a fr)r Other Inforft￿ti[￿ contain8d ￿thin Ihe annual
report. CKtr OFMnth ¢n thè finw¢•l $tat¢mÈnts ¢kns Thjl co¥er the other w)famiat￿ft except to the extent
otherwise explicily slated in Ouf rep(¥t, we (kj ￿1 eX￿￿ess any form ol assurance (￿ClUsiOn there￿. Our
re8FM)nsibility is to road the othor inf0m￿tiOn ￿d. in dosng so. con*dw whothar ts othor inf(Kmation 15 mat8rially
iiuinsistent ￿1th the financial statements or our kntr*Aed9e obtsira in Ihe ol the audit, or otlwse appears
lo be malgrially fllb56tsted. If ￿ i¢Jentsfy such malen81 In￿n￿Sten[￿es or warerTt materi81 misstateTh￿nts, we are
r8quitsd lo delerm•ie whelher this gives rtse to a nMlerial nNsstsl8m8rrt in ts financk81 ststemnls th8mselvgs. 11.
based on the work we have perforn*d. we conrjude that Ihere is a matLyial nwsststement of this other information,
are required to report that f￿.
Wo have r•JlhiThJ to repcxt in this regwd.

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY
IGENERALATE)
Opinion$ on othor mattgrs pr•scrib•d by th• CompaniK Act 2006
In our tyin￿￿n. based on the work undertaken in fv ccwse of o(*r audit.
infom)ab"on gNen in the Injstees. report lor the ffftan(Jal year l(K wh¥* the financk81 statements *e
prep•r¢d, whith indudes ts thectorn. rep(xl wepaNI for the Pup0￿ of law. is Cl￿$1318nt vthh the
financial statements..
the di¥ectOTS' report *iltiin the ITU6tws' rowi ha& twn in accordanco wlh 4plcablg ￿gaI
uiren*nts.
M¥ttor¥ on fwhich we ar• r•quir•d to r¢port by •xc•ption
In the li9hl of the kno%%lèrlge and undersiarM1ing ol charity #rtd rts oMtonm8rt oblxln¢d kn th¢ ethrsè of t
aud((. we have ncl Klgntified matwial misstate￿￿￿5 in Ihe dwecaLYS' inc4ude(I within the tr￿lees. rekA)rt.
W8 haw nolhing io report ￿ respod af ma118rs ui rela1￿ to Companiès Act 2LX)8 rèquiras
u¥ IL) rewrt to you if, in our OFXnH)n".
&leqLt8te attoL￿tin5 records noi b¢8rb kw, or r?￿m¥ fty audit havo rK)t boon r¢¢dvtyJ
from brarKhes wvjt visrted by us: or
the I￿￿n￿oI ¥tstemonts w? [￿1 in ¥groerngnl with Ih ￿0)￿n11r9 rgcg)rd¥ rglums:
certain discbsures ol trustees. remneralion speuf*d by law are not mède.. or
wo have nol rocObv8d an the inf0Mw￿ and eXpl•wli￿S w& wuire audit or
the trusteas ￿ra not antitknj to prowe statomonts in ￿cordanc¥ with tho srrAII compan186
regime and lake ￿jVantage of the smal CoMpan￿s. exempb.ons in FYepaf*rwJ the trustees. rep￿* and from the
requirwngnlto pr￿9￿ TeFxJl.
RKponsibiliti•s of trusto•s
A8 oxplained rTrye fully n the stalernent d InJsts88' r8SForribilitN?s. th8 twslees. who are also the d¥ect￿$ of the
charity for the wrpose ol corrpany law, we ￿sFa￿ltrfe I(￿ the weparalKm ol the slalemenls for beiivj
$aUsfwd that ih9y ￿¥¢ a arxl fai¥ Mgw. and for syth intwn* O￿trOl as lh& tru5t¥es detom)ine is n￿O$sary to
en&￿e the prep8ratkin of finxntsal slatements th•i ¥e freo fr¢kn Materi￿ n¥s$tatÈment. wheth¢r due ID Ifkud or
error. In prgpariryJ the financ4al statefftents. the trustees are reSWnsi￿e Iof as5e55ing the chaTty's abilty to
continue ès 8 go￿9 0)ncem. di8dosing, as 8ppli¢ab$8. mattsys relatsd to gow%J o)nc8m and Lt$w)g the 9)ir
concwn basis of accounbng Ltn￿S the tfttsle￿ eithef to I"quidate tha thantsblo company or to cL8se
oporotion¥. or ha￿ r¢ali¥tic altwnatNg to do s
Auditorfs r•sponslbllitiès farthe auLIt of the financlal statements
Ow objecli¥es are to obtain roascnable assuranc8 abtyJt vthethgr ts finanoal Statorr￿lS as a wkJl8 are froe from
material misstatemenl, whether to Tra￿ c* errc*. and lo issue an aL#lrtor's rep￿1 thal irK4Lths our opinion.
Reaswabl8 assuran￿ is 8 1¥9h level of a￿￿Ge iMJt 15 wK)l a guarantee that an audl (J)ThluLled in acci)Tdance
wlth ISAS IUKI wll always delecl a maiwial rr•sstalerr*nt when rt exisls. Mt8Staternents can arise from Ir8ud or
eThor and are considered moteri￿ rf, indivhlually or in the aggregate. tliey could reasc#)a￿Y be expecled to influence
th¥ of usgrs taken on Ihg twis of I1￿ financ￿1 statements.
The extent to whth OL¢r pro￿u￿S 8R capthe ofdetecb"NJ ry(dar￿es, frvth. is detailed tjelow.

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY
{GENERALATE)
The risk of mater￿] rrmsslatemenl lo em)r or fraud has bgen asse550d in 0)njundi￿ wth how internal wntrols
may mitvJale any gjch Fisk. These CLfitrols are re¥m￿ 85 part of the audrt by perform17g syslems W￿k￿rOughS
to ensure they are OF*ratiTrJ eWiv8ly. othor substsntiv8 testirKJ ￿ also p6rfomed matwd balanGgs and
therelore any instances of non-com￿&?nee shoukg be ￿fits.￿d or considered as insignik*nt
In idents"fying And assÈssino li￿ ol m8tw*l MI9$18t￿ in respert ￿ lrrwri￿, Ind￿￿1￿ fraL￿d. the audll
ong&JemBnl t8wn'.
obtained 8n Undernt￿ding of the nature ol Ihe 4r￿U¥1ry and ¥¢doT, irK14vJing the kgal 4n(I ￿gUlat
framgwork, in wh￿h lh8 charity operates aTh1 how thè tharity 0)m￿leS vAth Ih8t begal and rè9ulat
framework
. inquired ￿th IIK)se ch8rged 8t￿1 Iheir identffLation and
as80s5m8nt of the rtsk8 of ffrogulwilios. induding actual, sust*l8d or allaged instanrAs of fraud
discussed wth manajement and Itk)se Charged wth y￿ernaNCe any non-conwianeè with la￿ and
rggu1ati0t￿ and how frawj induding 85se55rnents of how whwe the f￿a￿a￿l slalements
MAY b& io fraud.
The risk of management overrmle (rf controls was 8190 considw8d 8n w of potsntial misstatomont (hJ• to fr•A.
Audit procedures porfomied induded l&sts"ng of erkn"&s other atluslments anrf èv8luAb"rvJ the
bu$inèss rationale in rol01b￿ lo s￿3￿￿￿nt urtruwal tr￿￿￿KIn8 trJn3action3 enter￿j into outside the norm
i)xJr6e of business.
A furthei descnption of our responsibil11￿ i¥ ava￿*¢¢ t)n Fin¥nryal Rekvting CouwKiI'¥ wpb¥ite al." http&ll
.frG.ory.ukIa￿IiI￿responsth1it*$. This dew)bon lom￿ pwt ofour auth"lo¢s repJt
U¥• of our rnPDrt
This repcAt is made sololy to tl* C￿rrtabltt t￿[r￿*￿¥ mtyths. as • ixKty, in •¢{yXdan￿ *ith Chaplw 3 of P•rt 18
of Ihe Companies Act 2006. Our audrt work has Lwi undertaken so that we might state to the chan'tat￿e ccmpany
members tFN)se Matters w8 are r8qUif8d to slate to th8m ￿ an auditor's rep)rt and for no othbr purpose. To the
bjlest extenl pemiitted by law. do Th)1 accepl CY assume ￿spOnSIbl￿ty to anyone other than the chari1B￿e
Ynpany and the ¢h*it¥Ll¥ rrvnbws a budy. k)r CAX for thi8 repDrt. (Tfor the OPiniL)n3 we
hAve fomied.
Illchola* Cwffilngham FCCA IS•filor StatUt￿y Awfitor)
for and on bèhalf of Robs¢n Laldlgr Accountsnts Llmlt•d
statutory Audltor
Femwocoj Hws¢
F8mwoc*J Road
and Wew
Er*JL7nd
NE2 ITJ

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Curr•nt Ilnanelal y•¥
Tot•1
funds
2023
funds
2023
2023
2022
Not•s
lrt¢om• •Dd •ndty*mwrts from:
Donations and lÈ08riè8
Invgstments
Other incon
1.832.983
1.252.384
125,720
18,632
25262
1.851.615
1.277,646
125.720
4.970.483
1.312.686
5.621
Total inc¢)m•
3211,087
43.894
3.254.981
6,288.790
Exp•ndltur¢ on:
R•sing lurvJ5
Charita￿e 8etiwti
218.253
2.988.117
19.759
238.012
60266 3.048.383
350,4e6
2.680,424
Total exponditura
3￿.370
80.025
3.286.395
3.030,890
Not goin￿{11?￿￿) w iweslments
414.900
120.4801
394.420
14.875,3471
N•t incom￿(eXPendI￿r•I
419,617
156,611)
363.008 11.617.447)
Tr8nsfers t*t¥%*en fumts
(17.898)
17.898
N•t Mo¥•M￿t in fund•
401.719
{38.713)
3&3.(￿* 11,617,447)
Roconciliation of funds..
Fund bai7nc8S at 1 janu￿ 20rJ
.212.009
3,022,75T
53,234.826 54.852,273
Fund balan¢e$ at 31 Oecember 2023
.613.788
2.984.044 53.597.832 53234.826
The stalement of firAncial actsV￿oS inc*xlès al g*ns 8nd kx8es retswfiwl Mi Ihe yew. Al in¢>yrwJ and exFendttLFTe
d¢rive from cYJnliruJiwvJ actr'wiies.
10-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Prlorflnanclal y•ar
UnrMtrl¢W Re$trlct•d
funds
fvndB
2022
2022
Incorn• and andowmènts from:
Don8lions aThl legaci88
Investments
Olhgr inLY)rnp
2.275,635
1.291.020
5,621
2.694.B4B
21.666
4.970.483
1.312.6B6
5.621
Total incomg
3.572.276
2,718.514
6.288.790
Expandlturo on:
Raising funds
charitsb￿ actiiqligs
331,327
2.146,768
19.139
533,656
350.466
2.62A).424
Total •xp•ndliur•
1478,095
552.795
3.030.890
Net1055es on investments
(4.844,202)
131.1451 14.875.347)
N•t Incom￿(•%p•ndItUrn)
(3,750.0211
2.132,574
11.617,4471
TT8nsf8rs bet￿on fvThJs
{10.194)
10.194
Net rnovement in lunds
(3,760.215}
2.142,768
11.617.447>
ReconcllSatlon of lundx:
Fund tsalan￿s at l January 2022
53.971284
879.989 54.852.273
Fund balances at 31 Dee•mbw 2022
50.212.069
3.022.7S7 53,234,826
11

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
BALANCE SHEEr
ASAT31 DECEMBER 2023
2022
Not•¥
Fixed ass•ts
Tangible assets
Investment proFwty
In¥e51menls
11
12
13
4,677.395
2,480.(KKI
42.649.548
4.981,038
2.480,000
42.166,221
49.￿.943
49.627,259
Curr•nt ass•ts
Det4ors
Cosh at bank and In h￿d
14
I.￿1.952
3.225.675
1.512,562
3.124,262
4.n7.627
4.636.824
Cr•dFtor•'. *nwnts tslling ¥rtithin
one year
15
936.738
1.029.257
Nel current assets
3,7W,889
3.607,567
Total •88•t8 1•88 ciwrnnt Ilab115U
53,597,832
53.234,826
Th• lund¥ of th• ¢hJrity
Restricted Income funds
UrTrslfthd knds
16
2,984,CM4
50,813.788
3.Ot2,757
1.212,069
53,597,832
53.234.826
The financid statements were woved by Iho trustees on .........................
Rev M Cryroran MHM
Trust
Company f9gistra*on Thjmtw Ot)487520 (Erw and Wales)
12-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from op•ratlnq acir¥ftl•s
Cash lab50tbed byyge￿at8d from
operations
{1,508,5331
Inv•stlng •ctl¥ltlo8
Purchase ol tangible fixed assets
PrLr99d¥ frurn d1¥p￿1 ￿e￿
8wIs
Purrha8e of in¥eSt￿￿nI&
Prctt¥ds from di¥ppsal of invgstrrwts
Investsment income ￿(￿l¥e￿
(13.￿￿}
434,207
(10,452,959)
10,364,052
1277.648
(12.810,379)
10.852.686
1.312.686
N•t cash g•n•ral•d fronV(u8•d In)
Investlno activltlos
1,&)9.946
1645.007>
c•$h us•d In lkn•n¢lry •¢tl¥ltl8#
N•t increa5• in rash and cash equiTnlent3
101,413
321.637
Cash and cash equNaknts at begrmYvJ ofy
3.124262
2.&)2,625
Cash and cash •q¥lYal•nts •t •nd of y••r
3.225.675
3.124.262
13-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng polkles
Chartty Infomwtlon
Charity For St &)seph's Misskln#ry Stictdy (GÉnèra￿IéI Is a priv8t# corTVafty limited by gu8rantee
irKorprxa¢gd in England and Wales. Th rwslorwj ¢￿ is Po Box 3608, Sl JO50￿'S PariBh Centre.
Cookham Road, M8Klenhe&J. SL6 7EG.
1.1 Aeeountlry eon¥•ntion
The finanaal slalements hhve be￿ rry¥ed ￿ aC£Ord￿ wth lh¢ t*•rity'8 9ovtiming drKuM￿L the
Comwn1￿ 20C6. FRS 102 Fnwal Rel￿￿@ Standard applutAe in the UK and Republ￿ of
Ireland" I"FRS IOTI the Charit￿ S(NIP -kcounti￿j aThJ Reporting by Chathes". Statement of
Recomrnendod Prath"ce applicable kj thar￿eS propanThJ thèir ￿0￿jnts in acC(xda￿0 with the Finana
Reporling Stsndard applicab￿ in the UK aThl R¢puWi¢ of I￿land IFRS 1021"1gffgrtwo 1 Jarwary 20191. The
tharity is a Public B8n8*t Enbty as dèfined by FRS 102.
The fmanrAaF statements Bre Fryyared in slerlYKJ, is the lurthl of the ¢harity. M¢Thil•ry
aTh￿￿nts in tlwg finanoal statenwts aro rcArf&J lo ￿ wrgsl £.
The finan(>al statements haNp been prep8Ted wjer the Pmslcrficd cost cOrNen1￿)n mc•JIf￿ to incaude the
fe¥xlu8tion ￿Vestrr￿l properties cértain fwwmial at faw valug. ￿ wlndpal acrwnts"
polirAes adopted a￿ set out bebw.
1.2 Golng ¢tsnt•rn
At the lin* of approwro the financial staterne￿. the tnmtees have a reascrfth eXped8t￿ that the cbArity
adequate resou￿$ to ccntinuo in Opgfational OxBtor￿£ for tha ft)r8s8Oab￿ futurg. th8 truBt888
contiroje to 8th¥t the 9c*ng coneem basis of aCL))uniwvJ Fry#ring the fin8neial slxtements.
1.3 Charitabh lunds
Unreslricled turnys are av8lat4e lor us8 at th8 of Inffjlo9s In fvrthgranco rf thoir chaFbtab
(￿.￿ctIves.
Rosts1"￿ed fvnds C8n ￿Y bè uwj ￿ p8rtKts ￿$trIC￿ PNWk*Jses within the ¢￿ier￿S of the chanty.
Rèstn"dion$ •Fi8e when s[￿fied by the *then bljnds are rai6od fcff parb&Aar r8strictsd purpos0$.
Further expL4natr)n of tho naiwo and purKM)$0 of e￿h fund is inclLK*d ￿ the notes lo the financial
statemenis.
EndowTnent l￿d$ 8re subject lo specific tmjitions by dCrf￿ that Ihe capital mLtsI be m8intsw£d by t
charity.
1.4 kncom•
All income 15 r￿niSed n the Statement of Fr￿cial once the tharily has e￿tIerr￿n1 io the funds,
11 is probablg th* the income wim be ￿eNed a￿1 the arKJunl n￿asure￿ rdi**. The 1￿k)￿lng FdirAe5
rÈlatè to Ihè iiKh"vidual sourctss ol ine(Mne.'
Donations aro re¢(*Jni¥¢¢J whgn the Tw3t ha¥ bgen rKlified in wrilirvj of both the amount and the Beltlgment
atè. Lègaoes 8re rèctsJttisÈd on a casè by e45è basis lollry*ir#J the grantry of Fxobale when the
admini5tralor I gxoujlor kn Ihe eslate has cLJmmunutsd in wntin9 the amount aTrJ the setllement dale.
Interest on funds held on deposrt is iThJuded WI￿￿ rocgiv3LAg and Ihg arrK)ur)l (an be npasurwj Tdiably.
DNidends arg recogThsÈd (￿ce the divKYènd has bèèn dÈdared *KI notilic8tkyi h8s been of the
¥idend due. Rontd recognksed tho pOr￿)d io wtr¥th it rolates.
14-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2023
AKounting policies
Icontinywdl
1.5 Exp•ndliur•
LI8￿.1￿1eS are re(wnSsed as expW%*.lu￿ as ￿￿On 8$ thwe ts a W (x ￿)nStruCtive ob1VJ81K￿ Comm￿1ng the
chanty to that exponditur8. it is Probab￿ that a transfor (l oconc¥Trc bon8fits will bg required in settlfyrnenl and
the amount ol the oblig8tton c8n te M￿S￿ed rdwtty. Expendilure is accounted lor on an 8ccTuals bass and
has been Glassified under that aggregale all rela19d to lh9 ￿t￿J￿ry. Whgro costs canNA bfy
diro¢Uy attributfjd lo partTrcular l*d"ngs Ihey have been alkrtaled to adn1￿"t$ on a basis consistenl with the
use of resour￿5.
Grants offernd suwt to C￿￿tkinS whth not t*8n ai Iha ywond d* aro as a c0m1trr￿t
1.6 T#n9lbl• Ilx•d ass•ts
Talw1b￿ fixÈd awts 8fe fnitiali measured 81 cost ond &th￿Ient￿ at cosl ￿ Yalu*ion, of
d8preciation and ￿Y IM￿4rMenI k)sses.
Dweci8lKrf i8 recogni5ed so 8$ lo wiile off Ihe cost dassets less theT resth81 vak*s over tt*eJ"r
USgful livos on the folkmng bas6s'.
F￿etr￿d Lgnd and bLtththThJs
Motor vehides
25% str8whl line
Frgehcld land txiF(firbgs aro in Cc￿stant UBO in Iw1har￿ of Ihg tharit*o L*4Ktives are Mainta￿6d
lo a slandar(I to ensure that th&r residu81 vdue not less than Ihe twjok v8lLte. Deweckqtion is therefore not
prowded b895 that the assets Iwe a vwy ustrlul lrfe and the anK)unl of ￿Y ar￿Ual dopr¥oat
uld b8 vrffiaterial.
1.7 Invegtment propwtles
Invest￿￿￿1 tKOPgriy 15 shry￿n at f￿￿t valuation. Ary yJrtyalg ?ri*ThJ frLNn c*¥tW
in ff•rkel vdue Sho¥￿ ￿ Ihe SIaler￿* ol Finantial Pdi¥ibes.
1.6 Impakment ot flxed assets
At each rgporting end dato. Ihe charity reN10￿ IhB carying aThTh4nts ol Tt5 tangbl& assets to dgterrnine
%thether th￿ is any indution that those assets have an impairment kss. If any suth indication
8￿sts. the re(ttverable F￿￿1t ol Ihe 8Wt ts esbnwted m or(W lo detwnTh the exlgnt of the inwirmgnt
loss Irf any).
1.9 Cash c88h •qul¥8lonts
Cash 8ThJ cash eqlr1val￿l8 indude c85h ￿ hand. deF¢J9its hekl al call vAth bank5, olher short.lemi IbquHI
investrnents wth cryina matunb&s ol thrfje moth ￿19$$. ts￿k Bank 0¥8rdrafts arg shown
vAthn bOrr(m￿ss in current l*ilib'o¥.
1.111 Taxatlon
Th¢ d￿rty b oxeftw Irom tax w its th*ila1￿¢ thibss.
1.11 Short temi dfrbtorslcredttors
Deblors and ueditors wlh no intor8st rat8 whic* I￿0￿￿ble wilhin rTh ye•r #ro r¢¢ofd¢d •1
Irans8dlon ￿Ce. Any kns vising from are reCOgNs￿ immeth8t* m the Statement of Financial
ALINth"es.
1.12 InvMlm•nt¥
Quotèd investments are slat•d in the finan￿￿ statements At thw mArket ¥8￿ on tha balance sheet date.
Mafkel Wdlue fgPTesents the mw&market value of quoted Wwest￿￿￿15 on the relgvant day. Thg rpwJlliry
unreal￿ed gJrplus (K dor￿t is rJodiled ￿debrted to ts ststerr￿I of FIr￿n(jaI fvd1vi1￿.
15-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
D¢)n8tlons and l•gacl•8
Total L*¥estricied Restricted
Tot81
fund¥
funds
2023
2023
2023
2022
OonalNJn$
Legacies r￿e1Vable
Masses sad
Contnbutions from
626.028
76.S12
1.105
18,632 644.660 695.W2
76.502
3,377
isj
26,568
721,960
99,3TT
150
1,129.348
1.129.348 1.480,716 2,888280 4.148.996
1,832.983
18.632 1.851.615 2275.635 2.694,848 4.9TO.483
Inv•stm•nts
Total Unrnstrl¢ted Re$trl¢ted
funds
2023
2023
2023
2022
2022
2022
Dividends recofv8d
Rgnts recesved
1224.055
23.025
25,282 1.249.317
23.025
1217.962
72.847
211
21.￿6 1,239,628
72.847
211
1.252.384
25262 1.277.648
1.291.020
21,666 1.312.686
R•l¥ing funds
Total Unrnstrict•d R•slrtct•d
funds
Total
fvnfl¥
lunds
2023
2023
2022
2022
bh'ci
Fundraisin9 costs
Inv8Stment
MAnAgeM￿lI oxts
6,581
6,561
211.692
19.759
231,4S1
324,523
19,139
343.662
21B.253
19.759
2&8.012
331,327
19,139
350.466
16-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expondltur• on chafll*l• a¢¢O¥lll•s
Charltabl•
•ctiviti
2023
Charlt#bl•
activitie5
2022
Dlreet Costs
DeprecAatK￿ in￿MIen1
Rent and Ta
Insuranfz
Lvjht arxl heal
Tdgph)ne and COM￿￿cebo￿
Printing, postage stat
2.519
41,269
2,274
37.644
3.047
18.880
24.151
15.772
27,234
25.136
16,296
k li
Repairs an(5 mainiÈn•n¢o
SunLtries
Exchange galns I Icws
Vi8ilatK>n
TruJlep allcwances medic
Trustee travd expen$os
Goneral chapt8r and Assombfios
Trav818nd exw)ses
Office running o)sts
Rector5 exp￿Se8
Oth¢r rhwitabkn expBThknJe
72,911
39,524
120,195
37,1A1
80,990
44,498
37,832
141.193
6,017
82.451
5.885
32.421
36.258
1187.1971
20.445
40.7T2
24,258
55.455
144.634
7.811
58.427
767,555
341.123
Grant fund￿￿ cl ac*vrtw ($99 rKée 6)
2,136,422
2.204.108
Shar• of support and gov•rnarrA costs {s•• not• 71
Support
Govemani
131,650
12,756
135.193
3.048,383
2,680,424
Analysis by fund
Vnrostri(tsd funds
Resln"ded funds
2,988.117
2,146,768
533,$56
3.048.383
2,680,424
17-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 3t DECEMBER 2023
Grants payabl•
Pastoral
a¢tivitl•s
2023
Pastcfal
actNiti8s
2022
Grants lo institL#iorts:
Mission fuThJ
mi4sits￿ suptmjrt
Asian and African cand*J8tes
Rw¢wdl cour￿3 arKJ fvrtheT ￿Ucat￿
Other
228.390
936,994
803,896
77,196
89.946
251,149
934,588
718,032
106,516
193,823
2,136,422 2204,108
Support costs allocated to acllvltle5
2023
2022
Staff costs
Prolessional fees
Audtt fee5
Aeeounl#nryf¢•¥
63,063
57,467
12,840
1,823
65,204
12,756
913
144,4
135,193
Analysed bet￿￿n.
Charitable ￿￿ttleS
144,406
135,193
Trusttts
None of Ihe Injstees any peryjns wilh Itw) Ixyved 8ny wum¥tion or benefit$ frLJM tho
arity Ihe yw.
TranSac￿On* wlth trust•
During th& year the Tnjstees IMNJ and alk)wan¢es totdling £?1.3￿ 12022: £23,900>. In
•ddition, lh8 charity paKI trabyl Bxponses tolar￿￿j £46.224 12022.. £24.1971. The charty paid modical
expenses tol811ing £2.103 12022". £5,072 reluThJl. The charity also wovides the Trustees with the use of
vohido arKJ acxommodats.on Iindudiro Ihe paY1￿t of ¢￿In￿l tsx, rates WM1 re*vant bills} ftjr Ihe Current and
P￿¥￿OU￿ finan¢K81 yoar. AJI these costs rOlatiC￿ TrusteBS duties as rr*3siwari85 rather than in
relation to thw'r dulles as a Trustee.
Employ••¥
Th9 avew ft￿lhty numtwol enww Ounw the ywbras..
2023
H￿1b#r
2022
Numb•r
AdJThnistrati¥o staff
18-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employè•s
{ConUnu8dl
Employmont costs
2022
Wagos arKJ salarfes
Social securlty co8ts
Other Pe￿iC￿ cosls
62.703
55,741
5,945
1,377
65,533
63,063
10 T•x•tion
Th8 charity is exempt frc*n tsx on 98W)s ￿"r0 $￿tion 01 the Taxes Act 1988 or sectoon
252 01 tl* T3xatK)n of Charyeable Gw'nsAct 1992 to thg oxtonl thal Iheso ¥9 appknd lo ils chwitabk otyects.
11 Tawlbla flx•d a8MI•
FTr•ho141 IWMI
and bulth96
Tol•l
hlcl88
Cost
At 1 janu￿ 2023
A(Idits"ons
Disr*)sals
4.974217
42.707 5.016.924
13.0
13,1]IX)
1314,1241
1314.1241
Al 31 Oecertier 2023
4,660.(£3
55.707 4,71 S.800
D•prèel•tlthi and Imp•lm*nt
Al 1 J8nuary 2023
DepYeciathM charged n the ye81
35.886
2,519
35.886
2.519
Al 31 D¢con4)8T 2023
38.405
Carrying anKwnt
At 31 2023
4,660.(83
17,302 4,677,395
At 31 Decèntsr 2022
4.974,217
6,821 4,981.038
12 Inv•stm•nt prop•rty
2023
F•lr valu•
Al 1 January 2023 and 31 Decemter 2(r23
2.480,IJOO
Tho UK propth was valugd cffl 1 May 2020 ty Knwt Frank bawl on ts W" ifsold as 8 srylè lot.
19-

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 FIX￿ ass¢1 inveslments
Liit•d
Oth•r
Inv•slments Invostmenls
¢￿t Or v•lu¥tlon
At l January 2023
Adijitions
V81uatK)n changes
Disposals
42,029,951
10.452,959
394,420
110,364.0531
136270
42.166.221
10.452.959
394.420
110.3&1.0531
At 31 Decembor 2023
42.513,277
136.270
42,649.547
C•rrying amomt
At 31 Dece￿￿er 2023
42.513.277
136.270 42.649.547
Al 31 DecBrrtJgr 2022
42.029,951
136,270
42.166.221
2023
2022
other investments conyise:
Invostm8nts in 8ssouatBs
136,270
136.270
The chwtty has conlributeil £136.270 to mwnbw of T•NJw Cdly Icolhc4i¢ UrAvwwty
of EastAfrKal an ￿stItu￿ used ty thè ordér lor tr￿.nry ArK1 e¢￿tIon ol raNIKIAtés lor priesthood.
14 Debtors
2023
2022
Am¢Junt¥ falling (kn within ¢)n• y•r.
Othèr debtors
Prepayments and 8oxued in(x)m&
1.466,771
35,181
1.512.562
1.501,952
1.512.562
15 Credltors.. •mounts fallng duo wlthln on• y••r
2023
2022
Hèk1 for Mlssions
Other uedrt(Ks
rual¥ and [jefe￿￿d KNX
890.128
12.659
33,951
9r2.176
20.799
36.282
936.n8
1.029.257

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2023
16 R￿trICI•d I￿(ts
The re*ricted I￿￿J3 of Ihe th8rtty ccXryi￿ Ihe unexFeth b#lanc¢s of donal1￿# and on IFUSt
8uble¢l to speofic condittons by as to ITh ttw may t* uwj.
Ilov•m￿ In l￿dI
IrKomhi• R•6ouv¢•s Trn*f•rn and
la¥ws 31 O•¢¢mb•r
2023
B•l•ne• •1
Fent travel
New menknr¥
Ward ￿￿rr￿tal
Vriland fijnd
129.482
748.262
10.389
2,134.624
18,632
25262
115.9001
164.1251
132,214
7(*,817
10.389
2.134,624
17.898
120.480)
3.022.757
43.894
(80.0251
17.898
<20,4PIJ} 2,984.044
Fpnt Travel
The Fent Trnvel ftmd r4)re¥￿ts money rec&bEd fty the pu[d￿se of tr￿s￿l in IAission areas.
WJrd Memorial
The W8rd Wn￿181 ￿￿serrt$ to for n(¥F•Jmini51rdtNe ￿￿0￿s
Now M•mb•r¥ R•tir¥m•rt fund
The New Member5 Reb"remeni fund reFYesenls ff#xMes rerniwl for Il* p¥Ow¥V￿ of fiwKJing mpmbgrB j06nin9
Sowty in what Weco Mission ar
Vrilland lund
T￿"S I￿￿￿ repres¢rts nM)nios recwv&Y frc*n the k41rhwng th8 sal8 of thè vry-la￿l. of whth 80%
was to be irwested irrto an Thiestme￿ portr01￿ arttl the f•nainirwJ 20% kn b¢ woni on thg tharitable
expenditure.
17 Unrvslricted funds
The unrestn.cièd fund* ol tho tharity corryise the unexFthJ8d baanc8s of d(m￿l￿￿S ￿ grants which are
rL)I subject to specrfK rxJndrtiCrfbS by donors and graniors as lo h¢)W they m•y b¢ u¥od. Th988
desh3n8ted funds wlich havo twpn set aw¢Je (xjt ol wre5trKted fiuvjs by the trusiees fcff 3peufic purposes.
At t Januxy
2023
comlry Ra￿Ure•S Tr•nsf•rs G*lrt¥
expended
losses
At31
December
2D23
General lurKIs
5).212.089
3.211.087
(3.206,370)
{17.8981
414,900
50.613.788
Pr•vk*u$ y•ar. At l January
2022
Incomlng R*sow¢ts Tr*n$f•rs G•lns And
ff•sourc•$
•xp•nd•d
losses
At31
D•Com￿r
2022
General fuThls
53.972,284
3.572.276
12.478,095)
(10.1941 14.844,2021 SD.212.069
21

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Analysbs of n•t •ss•ts b•tI￿n lunds
Unrnstrict•d R•stricted
fi￿d*
nds
2023
2023
Total
2023
Fund b•lanC￿ at 31 2023 •rn rWTwfjnt￿ by:
Tan9ible assets
Investment properb.gs
Inveslments
Cuffènl a￿l￿o￿￿11?$)
4,677,395
2,480,¢J)O
39.665.504
3,7W),889
4.677.395
2.480.1]00
42.649.S48
3.7W.889
1984.044
50.613.788
2.984,044 53.597.832
UN•$trk￿ R•strlct•d
funds
lund8
2022
2022
Tot•1
2022
Funtt b•lan¢•s at 31 D•c•mb•r 2022 ay• r•wK•nt•d by:
Tangible assets
Investmgnl p￿k￿￿"85
Invo¥trngrrt3
Current assetsl{li&ilities)
4.981,038
2,480,m)
39.283,335
3.467,696
4.981.038
2.480.000
42.166.221
3.607.567
2.882.886
139,871
$0.212,(*9
3.022,757
53.234,826
19 Related party transactio
Duryw Ihe year the Ch*ity for St Joseph's sc￿ (Brib"sh Region) p￿￿ over £508,360 12022
£571,816) in donaticn% to SUFP(Kt the Generalate's mi55in a￿'￿ties.
At the ya¥ end. £283,730 (2022.. £334.8951 15 wknin débtors r81a*"n9 to owed by th8
Chwity f(Y St Joseth's Missionary Sc¢th (Britrsh Reg$￿). Ajthough the 8rit15h RgyKJn and Ggneral¥t& (lo not
Share any comnKJn Trustee4 ihey th work ckisety with eath ther and a￿ deemed lo LE related p8rt￿$ for
discloswe purposes.
At ts year en(1, £10,520 {2022: £9,860) is •)dud&Y 7Mthfft deb1￿ ￿181￿ 10 8rrw)ts owed by Fleming Oun
Trust, a charity wilh omyr￿n truBte8s.

CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
20 C•*h g•n•rt•d from op•rat¥ons
2023
2022
Surpluslldeficit} lor Ihe ye•r
363,W6
11,617.4471
I1j￿1M￿ts tr.
Investment income recowised in staten￿l of fwwKial ￿ltieS
Gw'n on disposal of tar4JitAe fixod assets
Fair valuo g84ns and losses on inv8slnwls
[Yepre¢i8l*￿ aThl imp•rmeni fixed assets
11,277,646) 11.312.686)
1120,0831
1394,4201
2.519
4,875,347
2,274
Movem¢nl$ in ￿p*s1..
Dec￿aSe11￿creaSeI in debtors
Docroasel in cioditcfs
10.610
192.5191
1846,7651
(134.0791
Ca$h labs¢)tb•d byyg¢n•rnt¢d from Opw￿or
(1,508.5331
966.644
-23-