Charity r•9i•tr•llon numb•r 1148980 (England a1 Walesl Comp*ny rn9lstrallon nnber 00487620 CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) LEGAL AND ADMINISTRATIVE INFORMATION Trust••s Rev M CorcNan NIHM Rev J MHM Rev G Haslie MHM Rev BA Luna MHM Rev PAAmek MHM char number 1148980 Company nwnb•f 00487S20 pncIpal •ddrM• Po 8ox 38OB St Joseph's Paiith Cwr• C¢y)kharn R¢)ad Marfl¢the¥d SL6 7EG R•gl•t•r•d oin¢• 6 Cdby Gardens Cooknam RoJ aidtnhèal SL0 7GZ Audltor Rob50n LalthwALY)yJniMs Lmnrted FeTrY0 FknJse Fernwood Road Jewiond Nowcasllè wn Tyne Tyne and EnOaThJ NE2 ITJ Bink•rn Roya ol Scotland tdc 8243 ThreJneg Streei Londorl ECIA 980 Soll¢ltors Pothecary Wlham 70 Sl Ge<'S Sw Lond SW1V 3R0 Investment ad¥isorJ Brewin Dolphii LffTht•J 12 Smrthfiekl Slreet Lor¥kn ECIA 98D Chartes Stanley & Co Ltd 55 Bthcysgate Lorvjon EC2N IAS
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) LEGAL AND ADMINISTRATIVE INFORMATION Inv•stm•nt advlsor¥ Money ManagwTEnt Group. Inc 13537 Bairelt Pathay DrNe Surte 325 klanchester kltssoLsn 63021 Co1*Ma Thieadnee£Jl• Invèstments PO Box gJ40 Cheknsford CM99 2XH
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) CONTENTS rw¥tees' i•p)rt Independt audrtorf¥ r•F Sl•tern•nl of fin8rKi81 aumb.es 9.10 8nce SI1 Slal8menl ol cash 11 12 A•J lo h thanc4al slalements 13.23
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IGENERALATE) TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 The truslges present Iheir anrnJ4 rep(¢ and finan1 stateTrwts lor Ihe year 31 DeCber 2024. The Iru¥te&s who a also of the dwrrty the purwses of comp89 Act 2, wesenl thwr report th ihe financial slalemenls ol the charrty for the yew ended 31 December 2024. The trustees have adopted the prov15ion5 01 Accountin9 ar Repthny by Chanties Staiemenl of Ro¢omnwKJed Pr8(atr applic4) lo ch8rilie8 prèparing their accounts in accordance wrth thè Fnanoal Rephrv) SlaThJard appIbIè In the UK and Repu ol Ireland IFRS 1021 lefferANe 1 January 20191. Objectives and •ctiYities Sl, Josaph's SdY for For•gn Mis0 was Icded in 18e6 by Cdinal Herterl Vaughan ai Mil Frill in LondM. The Socly 15 an 'intern8lion4 lelkw4ship ol MiSsn9[1es-. dedthed to the w(Kk ol ev8ngeIBa'0n, lo Ilw building up of young Churches, and lo the assisbng cl Churches tTr special need 011de h¢yne regM?ns. Members ol th Souety are expected to leave thew own counlry and uJlure and lo be inVe n piorenno are83 01 9vpnge1l5ati. In 2fA% the S(xJqty's G8ale mo¥gd from Mil HIH to Maidenhe•J l(4Iowing the sab (rf Sl. Joseph's in Mill Hill which Iradrtionamy h&J tn the train0 cenire of Society. 8ecause c4 Itj h1510ral fouThJatn the Sooely and rfs nlber9 aro kn¢yn J5 Ihe Mil HI misj•18•. The Socoty is organised Into Ihree Mis%ons'. Ihg Europe and North Amwic4 14issiM Iccnprising Greal 8riln. The Nvlherfonds. Ireknd. The United Stales, and Ihe Gemian sakIng Regtyon. a0mpa$%g houses in Ilaty and Auslrlal. lh8 Alrlca Mission and the A3 M¢Son. Unb'i receniiy Il has drawn th8 rnal0r ol its mernbers from Eurw ?nd Norlh Arner. Today Iherg art many caThthdatw firffi C•mwrw. D•mocr•lK Repxh¢ ol Con9ts, Kenya. Uganda. Intha. malays and the Philyjmes. It hos MIssiDn Ar&a8 in uJuntrie8- Kenya. UgaThJ8, Souih slan. Cer(th. Democrat Reput ol Congo, SoulhAIrl, Paklan. Indla. Malaywa, Pllllpp1ty. PAazll, C•mbodw. ¢l¥trh¢r• wi th4 world. The coryiany iWA)Iporated on 20th October I. under 8 memowdum and artic4e$ ol OSJOryBtK)n, and registered as number 00487520. The Ch•rily Commission gave th8nlatrAe slalus to rt on 17th Seplember 2012 with LTharity number 114t%yiiu. until J1 uecember 2U12 the c(snwany was do1. it twan Ils aCtNil$ on isi January 2013 when the Charrty for Sl. Jowrth'j IAissxwy Soc4ely IBrili$h RegDnl Irusl Icharfly Commisson number 220690 an(1 Ihe Scollish Charily Re9u181 nurnter SC039809I transferred •$18 10 rt. Thè 51aiutory Fer ol appThnling liustees les with the ¢91 Trustees. Organlsatlon AN the OirectorJlTFu¥le¥J ol the Crty fry Sl Jo¥•.$ Soo"•ty IG•raWvl 4r8 Mornb of Sl Joi•KI's MI$8K)nary SoeiÈiy. The direct(8 ol Ihe company 8rè apwnied yxnity by thè Gènaral &Jpèrior and var General. The Genpral Superior is Ihe Chaiman of Ihe Board of Th're¢lor$. The General SwrKX and Ihe Vicar General werg •lecleil by the delegates al a Gerfftal Chwer Ihikl e¥ery fve ye¥s. The Gera1 Chgpler w¥$ held in June 2Q122 atAbingdon, England.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY {GENERALATE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Thg Tru8t••s Rey Mi¢ha•l Coreornn MHM Fr Corcoran ha5 a full m8mber of lh8 Swely $MKe January 1985. H8 was txdained in August 1985 and èlècied Ganefa rItY ol ihe in 2015. He ¥Yas rtrdecled gJpery Gewal at the Genernl ¢h4pler in ju 2022. Pri lo bemig elecaed Gener Supenor he was ts Head of the Socty.5 1115h Regi(xTr. R•v Ggrard Il••ll• MHAI Fr Hasiie has been a Membef of the Sryjety ¢ December 2(KJ1. He w45 ldned In June 2002 and was ppomled A55151anl Financial Secretary in May 2019. In Octobw 2019. ts was apFY)inled Finarla1 Secrelary. Ht was appointed as a DIrttIr[1usIee In Noven)ei 2019. Prior to beiNJ appointed qs As3istBnt Fin8nc4al Secrelary h¢ was Yrknng in Ihe Soo'ety's Mi55ion In Kenya aThl Uganda Gwry was decled Vicar General of the Swaty by th8 Chapt8r de94t•S in 2022. R•v Jlmmy Llnd•ro MHM Fi Lindero has b88n a fum Member ol Obxobei 2008 Ht was 1"ne ffj Aprl 2007 and eknted to the General C1 m June 2015. lo bvrrfJ eknlod lo Ihe General Counryl he WB5 wurking In the SocieW5 mbssion In Pakistan He w85 8ppoinled as a e¢lOrn518e In May 2016. HK term t+Le Ggnwal CouncA 0nded in JMè 2022. He was apwnled Secf8t¥y in February 2023. R•v Phlllp Adw1• Am•k MHM Fr Adede has been a full Menr ol Sooety Marth 2C4)6. H& was (ffdaiwl priell ¢n August 2009. He wag olected to the General Counril Juno 2022. He was app(xnted a3 a thre¢torNwslee m Juty 2032. Prior lo his 91gdk¥) lo the General Cow¢4. h h•J Yorkgd in lh• Socty's mission ) Uganda, Kenya and Iht UK Fr 89rn1• Luni MHM Fr Luna has been a lull M•mbw of Ihe Sooety March 20(B. + wo$ ord4J4ned pri081 ffi Awl 2010. He WHJ elected lo Ihe General court41 In Juno 2022. wa3 appointed as a DweuortfFUStoe in Juty 2022. P[r lo being In I rifiral he was In the Socty's nyssion in PaSIan. OblgCtl¥•• and alm• The prinrjpa obieclive3 of th• Sootty ¥3 slated in thè IIUSI d8•J 8rg.' Such chorilablg pu1888 that the rehgtyxn ond olhqf thwrtaLI6 wcrfk of Ihe n¢Jth"fig." l. The plotiOn. maintenante a Aupry)rt of thè Souety & rts merthi lh• e¢bxaon of rnbers 2. Tht relel ol po¥erty and 3 The a{fv8ncnel of th• RL)nan Cathok The Trustees rnay use Ihe Ca91 Ihl IrLe d Ihe Chwity lh• Obie(a$. Thw objgctivas dgar st8tè the aims of the Souely. Publlc benéllt The Trustees havo ConRe the mJe availawe by tho Chaiity CnN81 Jand and Wes the Public Benelil requirernent of it Chafrts Ad. Thè TIuees are confident Ihat Ihey hè¥e Mph"e wrth thr duly the Charrt5 Act tn Ihal IW have h&J due regwd to PulA benefit guKlarre pvb115hed by the Cornmis%on. In fulherance of the trusts thèrrtabbe purposes the public benefit the trust$ 9¥e deiai15 of th&r a¢li¥rtYas in Ihè l¢)kn¥ing p8aaphS. AGhi•v•m•nts and p•rfornianc• R•vlvvi 012024 MissKJn Is Ihe he8rf 01 I1 Sc&Bly, espeoalty in t4xes where the Ctrwrch is sb"Il youn9 and needed 5VPP(t. In Asia. the Sociy conlinves lo work in pla ILkfj P*stan. Ia. East Malaysia, the Philypines. and the nevly t)pened misslon h) Carnbodki. In Afftca. Ihe Soueiy wo$ n Cwroon. Kenya. Uganda. Democratic RelIC of CotYJD. South Sudan. and Souih AfTKa. TIle also a missKJnaty presen in tr40 JtreS in Latin An)enGa and in the "Home Regions. hk• thè VK. lrnlarKI. N8lherlands. Ausina. Italy and N(th Ameita.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The loimalion of caDdidale5 lor OTth'nalK)n to mismary pTi8Sthood is of the ntral of thè and colllinues io grèw as a res1 tsl a steady Slieam ol tandhlaies eorniThg from Ihe mission couniries in which Ilie Sorjety wkS. In 2024 Ihefe were 106 students in the lorrnatK)n programme and 14 sludents beCe perfflanent Members of the Swely and were ordained lo Ihe wsthood. The sleay muease in the number af Membeis ol Ilie Sorjely In recent years has alcA¥ed lor the 5treThJlhenry of personnel In some ol the newly opened rn15sions like Cambodia. Every two years. f(malors from ¥ariou$ f(mb'on w)lie$ in AS •KI Afrra moel for updating, review and planning. In December 2023. they met in Hyderabad. Intha. The Socw seek5 to offer its Members dnng Ilwt'r mrsswary life Ihe oppoilW lor iryoing devebpment 8nd educahC with Ihe resutt Ihal 8 Menthws f0th) renewal cLxJr8es in 2tr24 7 were n furlher studies. The Society lund¥ 18 m¢¥sionary work in pwtj ol woild IPwwgh.. Inveslmenls herd ty the Generaale. 2. thal donalions and grants from Ihe Irish and Oul¢h regk)ns and Ihe North AmerK8n wea. its shart ofthe klissiolmill Hill Missiow'Red BofAppeals managed ty rts British RegK>n. For tha y88r 2Q24, lh8 s.$ invostmants h8kJ by Brn Dolphln. Charfès Stan and M)netary Managemont Group, Inc. performed cunp4r8ti¥ety wel ihan Ihe SMOWOUS year. The year end•d wrth a poiitive gain ol more ih8n Iwo mrflion Fxwnds in market value ¥¥14ch is grgaler Ihan the pr8vi¢Mrn yew Maet ¥ue gain ol just over lo hundred thousand. The Sooefy r¢k)nrtorn Ihe pethmance of its In¥eslmenls by keepin9 in doso louth wilh Ili advisers both In Ihe UK and Ihe USA by meetsng wrth them regularty {quwledy and annualtyl either la-to-18¢0 c online. As mentioned above the Society ieeei¥es luThdiswJ for ils missKm from rts irynt fundrai5irg appeals with Missio IRegister•J ChAsily No. 10SW11 whh ale rna9ed by Its British Region IRegLStered Chanty No. 22(90 and SC0398091. Th8 IoMe recewed Icw 2024 Ihroiityl Ihis ftsndraiwg wa$ £596.014, a smal Iwease Trc#m last years in¢ome of £508.360. The ScetY a150 re11 genwou5 contrknJli5 t(Md5 rt$ work fvom rt5 Regpjns In North Amèita, Irdand, and Ihe Naihèrlands. Th¢ Socw monagos fin¢06 Irom ils Finonco Offth at tho GonoraLito In MoKknh¢tad and from thoro Il I'tsi60a wilh 115 wrseas bursars. 11 ¥150 hok15 * annud Fmanc• CoLtnc41 Meelir9 Wrth 115 8ururs in Europe. Camertron. East Afnca. lrndia and Ihe lippIneS Thg r[l¥¥j was Via Zoorn from to 28f May 2024. Th¢ Finan¢e CounrAI oc19 as an adw'sory body lo Ihe Generl CowKiVBooid ol TrLSStees. CommunicaiK)n ol its mèssagè and CLNnnwJnicatvx) wrth supwt¥ irrportrt wc¥ of ihè Ch8rrty and is kèpi under revthy. Tr&diliona1 this has been done Ihrough the various mwines published by Ihe Soc4ely in difterenl counliies. Sooety's websile. th n¥? and rn(Ke people onhne. continues to be an Invaluab means lor kowng supwrters updatod daty on the nth¥s ol thg Socth and Ih8r• has b8en a 8ie*Jy ake kn poople Yng the srt8 to make onlTh donalKffj Ihtr wtyk ol Ihtr Socty. In accordance wth rts objecttve ol the relef ol p)¥erty. the K4embw$ ol Ihe lety work in many poor and deprNed areas of Iho world provvjing rehgious wd humanilanan s•rvices. Some of fvse are8$ are difficult lo work in because ol dismpli) due 10 unresi and Vkne. The )rest in Enghsh-speaking Cameroon as well as the ring insecurity COllrfrS in North.Eastem ugaja Iwtinue to raise cortem$ Ihe safety of the p8opI¢ and Ihe MemtrRr6 who work those pkce$ aThJ to iespond. Mèmbers ol thè Gra1 CL1 wmalty keep lfi Conta wrth Menknars mtssknn by SItIng Ihom In tha areas In whrh they woth. They wefe Yue to Membefs In Malaysia Swth SwJJn. Uganda. Carnbotha. Kenya. Cameroon. India and in the Home Re9ions. Leadershp Consullalion Meetings. ofganised by the General Council lor Asn. African and Home Flegions, were ¢y1e wa the zoom ttorn). Aso. In Oclotser 2024. the Gereral Counal organised a SOcty A55embty. held al sl.JoSe.S Pan5h C•ntre In Mathihe&J tr( 3LXh September 10 4th Octob&r 2024. The rnan purp of thè maètiNJ was to fewew Ihe Impbgmènlaiion of Chapter 2022 mandates. 11 was attended by loc41 kedershy Irorn Area¥ end Rewn¥ ol Noth Americ8. Eur¢Jpe ASB. 8ndAfrK8. The General Counol kn.ses wilh other Church bOdS and parliwes •) wider diU$$1nS as rnemr of relevant Church CKganisation5 wch as MISAL IMS%onles 01 Ap05tohc Ltlel and the USG IUThon of Superior Generals). The Sooely achevéd the obJectNèS il set Iha y and is saiisfiad wrth Ihè results the yèar.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Règen policy
Where appropnale. Inth¥lual funds ¥J r•s6ms ha¥¢ been th"sc)Jssed In the Rewew 912022. The Trustees are
howeveF very ccrfsc¥>Js of the c(¥nmitmènl ol Ihe Socety lo Contmue rts w(k in the fulure and Ihe d lo
safeguard resowces. espeooly wrth Ihe 11a59 ol Membors reariThJ rètwernent w. and the m4orfty of the
yojnger Members hailwig Irom the gl)IMI S(MJlh.
Investmènt poll¢y
The inveslrrnnl polw ol Ihe So(4'ety to
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ststcmenl ol tru8teeN' responsibili03 The trustee5. %vlio 8re also Ihe dirtrtors of C.hyrity frDr St Jo¥eph'g Mi¥Jth8ry Socty In131e) fDI the piirpD5e nf nIPaThy law, aro respon51blp for preparing Ihe Truslèos. RoP)rt and ltte filid11 slaleme¢)ls in accordan 8ppkn'L&tl8 UDIW Kingth¥n sland&1& Iurtwj kngdom &nerally Axepted Aun#n9 Practice) comY law re¢Jve$ thg WUStoDs yeptsre for ch nnanuw ypar glye • Inp aTrJ falr viwi of the Itate gf affas of thth chaFty arxl ol iesoutt4& atsd 8•pl¢akn ol iwwc01, Inthdry Ih intomè and expendiluie. ol the thwitzble tn¥ lor Ihat ye. prering Ihefje 8t8iftwwil&, Ihe trwJee oro rwptr•d lo.. - %Èlecl SLillable arxounllrKJ then appty tt18m LX)Tr$ls18.. - atk%LYve IlTre n)fjlMd8 [Kr1[A(lA in Ihp Chwthos SOIQI.: . tnokÈ lthgern8rts and c51imates I1 ar& ro&waith and wutsiil.. ttbttr wli¢lher apphcablp UK AccLwnlir¥J Slandaros have bBtrn loltrrtJ, 8ubcl lo 8ny mNleil (kTr.p8rtiK03 dlsdoawj ano explAhed In Ihe l.vurK'.al 5talomgllts." . prewitr lh 11)ala1 $talemenls on tho 9ObryJ corKem bous unless w)apfwwt• to pr6$ume Ihal Ihe chwi will coniinue ooerglw. I'ho twste8y are rgspon$WJS& for K••PnP ac£tyJfilw¥J rec4th Ihat r&¥Mbbio ac¢w al 4ny Ilmo fiiiGncial pOsI"0n ol the chwty grKI enablp mern to Ihqt tho $1&1omo111s mplY %Mlh the Companios Aci 2006. They are atso resrM)n51tAe ts salBglJ11 rdry Ihe assÈts of the tharity ÈTh1 9ce IDI t8klng son0 stsp5 th8 Pfmnlion 8TrJ dgtoralon ol aTrJ (¢lv ¥reyLIarib. Audltor Sn Hrcoru8nc& vAth Ihe cornpanyy artkJFs. p Fr6ohJbDn pwsl¢¥J thai R0trf Laklor ActhntBnts LlmKed be reappDiril as audrtty ol Ihe company bo ot a Generol kltretirg. DI•¢1 of Snlommtltsn to audltor Each ol the tItss8£ confimiod Ihat IMr8 Is no inforrnalb)n of whkh th ale awarL+ whKh ib relevant Ihè au&l, but ol audilor T ttwlheJ CnfirMe{l Ih41 tlwy have taken appropriale slep& lo nlfy suth lvant knltsr1naii and lo èst4blh Ihgt th9 wJ6tof h Or9 of suth Informallon. Th6 Intse$' roporlwas approvtd by Bo8 olTnth6s. Rew M Corc(K8n MHM Trustse D#le.'
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IGENERALATE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATEI Opinlon We have authied Ihe fNnrial slalemenls ol Chanty For St th)$,$ MTr5sK)nary SLW)ety (Generalatel lthe 'charity'l for the ended 31 Dectymb 2024 t4)mpwtse Ihe statem6nl of fina1 aaiwtios. the balance sheel. Ihe siaiemeni ol cash Ilows notes lo the finaniaal slaleme¢MS, indudmg %gnrfallt a)unting pc4ioes. The financial reporting Iramewth Ihal h35 beeth alwled in Iheif yep313tion ¢5 apphAe law and Unitèd Kingdwn AQui)lIng qtandards ItKliJding Financ41 Repon9 Slandard 102 Tho Fithgiicial Rewkno Slandard In Ihe UK and Rtrpubkn <rflrel&Jd Iuniied KW Genaralb Aepted Accowibng Pra¢aKe}. In our oplnlon, Iha fvlancaal slalements. gwa a true and fair ol ihe slate of the cht4• ¢omp8ns aff[S as at 31 2024 and of rti 1MIj rts30urces and opphc4lw)n ol feswcs. irKknlm9 rt8 illruTW •nd expeThYlturg. lor tho ar Ihen ended. have b properly kweparod m •¢ctydane• Lkn'l•J bts'ngthl Genaralty A¢)ed AcoJunbThJ Practice., hovè tjaan prepafed in Yih Ihe ieiwemerts Ihe CompAni•8 Ad 2ff. B•l• for oplnlon COndted our 8uthI in acco wilh Inlernallonal Standards on ALk'ting IUKI IISAS IUKII ond applcable law. Oui re8ponsibiliiS un¢kn Ihose standards are furthef deSbe tn Ihe A"3 rp5ponNthlifi8s ftjr Ihe aimlit of tho linaiicyal 518teinents Secti ol oui ¥esy1 W& ale independeni ol Iho d)wrty in accoidce wilh ltr &lhico1 requlrernants Ihal are ielev8nl Io Ir audit ol Ihe finanrjal slalemenls In Iho UK. ncludng ltre FFIC'S E¢hico1 Sl8ndord. and we have hj11 our other 01hc $pcls1ba1S adar wrfh Ihe$e r&ouir8rn9n15. believe Ihal Ihe 84Jdit evidon¢• we have ¥•J apwowse lo pro¥TrJa 8 baws fof twmion. Con¢lu•lon• relatlng to golng con¢•m In sxidilirng tho finanoal $laterwils. we have eanduded Ihal Ihe InAtaès' uge of the ts)ncwn basls ol accounlitig in Ihe pIewatn of lh• finanrjal stalemènls * appr$)at6. 835ed on the work we wrfomied. we ¥¢ r¥Ji ide['fied any mat•nal wrtaIntl relalry lo events or condiliens Ihal. lndlvbjua crf edledivoty. may cast glfnI thjubl M the charty's abihly lo eoniirAJe as a 9oIryJ concern loi a pefiod of a le85t N¥elve monlhs from firwrAal Slatwnents are aulhorised issuè. Our responsibl and the ro¥08 of truetrs TpeCt lo ¢L¥)cem are des&be In t r¥V#nI sedk)ns ol ihis report. Other inlorrn•tlon The Olr InformatK)n ccffiprise5 Ihe infrmaly) induded In the annual Teryl olher than finatKlal ststemenls and our auditors raport thwe. The iiustebs are r¢spongtAe the othev in[MnaOn contain9d wilhiii the annual report. Our on Ihe flnancsal State15 d¢x5 nol co¥er Ihe Olher inf0mial and. excepl to thè ent otherwise exphcitty $iat8d our ffjport. do oxwess any fomi cl 3ssuranc condugon Ihewn. Our respon&bilty is lo read Ihe olhw 10ml)n and. in 50, consthr wffielher the other 1nlLymatn is mateikglly in¢15tnI vnih Ihe fir)anrial 8latem8nls or our kThsedge In thè COLbfse ol the audrt. or olhèw60 appears lo be rnaièrialy misstated. 11 idenlify mateThal Incw6islenrAO5 or apparent matenal misstatenls. we are required lo delerrnine whettr thi$ gives rise to a malenal iThs$tatenpnl In finanLyal stalefflenls themselvs. If. based on the WOTk we have perfomied. we tondudè that thero Is a malerial missiaiement ol this other InlormalKsn. we are iequwets lo retort Ihai iacl. We havè nothifig to In thi$ ce9d.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IGENERALATE) INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE MEMBERS OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY {GENERALATEI Oplnk+ns on oth•r matters pM¢rlbed by the Comp•nles Ad 2006 In wr opiThon, based on Ihe work undertaken n the rxwr5e ol a¥dit". the Infcwmatth given in IhB trustees. reFKxI lor the fin181 year for ¥¢h the finandal stolemeniB are pièpar•d. which includes Ihg dkectors, prepared tha wrp06e5 01 c(Jmpany w. is COnten1 wilh thè finarKJal slalerrents. and th8 directer6' r8POrt Induded Witn th• tru8t•88' f•Wt h8B bo8n p¥epqrgd in actord4nc• wrth Hpplrobl• l•go1 M•tt•rs on af• required to r•port by exc•pllon In the Ivdhl ol the knowledgB and undgf3landing ol charity ils en¥ironnwnl oblw'ned in Ihe c(Mn• ol ltte ¥Ilt, wè havè not Idenlifièd maiwial nStatemnIS In dlr8ctors' r•port IndJad ithwi tho Ifustees, report, We hav¢ noihiNJ 10 Mport rèspt¢l ol IIK mattérs In relatlon to whth the Companl8s Ad 20C6 rnwrej us lo re¢ to If, In our OF4nion'. adequate accountiThJ r¢coids hpv• not bwi W. or adequalfr ow 8udll have not been roceived from branch8s nol wshted by us,. or Ihe fin8nci81 staterngnls are not I agrgwnent wth the 8coyMting rneordi rnlums., or ¢rfain éisck)sures ol Iruslees. remunoratr specthd by Iw are not mode.. 01 we have not iecwved all the lO[ma¢ and exFA8nabon5 we requTr lor rAJr audit. or trustees wgrt rK>t wli1$8(I to wgparp ihe finwal 5tal•ments In acoydm wtth the small companleB regime arKI taè advantage of Ihe smal comwiès, èx8mirtS In prfig tM tfUSte8s' r8M and from the requiremenl to plepare a strategic report. R•sponslbilltlès of tru•1$ AS explained more fully In the statemonl of Iru•leM' r•¥nba.I. tha tntslees. trt)o artr also the dtraclor8 ol Ihe harily ftx Ihe purpose of GlpanY law. ar• rosponsi8 lor prèpaiab'on ol Ihe fin1 6tal•menl$ and for b¢ing $01151 Ihal they giv• a IDJO and law view. and Slth p)t8mal contrc4 as Ihe truslees deleimine Is necessary I Oae Ihè preparation of f)antsal slateMlS thai ale Ire8 from maler¢al nysslaiement. whether due lo fraud or error. In rrfepanng the financial slalements. Ihe lrybslegs arg ¥05ponsible lor a$se$sing the ch•nty'$ ability to continue as a gtyrg conwn, di$do$ry. aq appE1ce. mailèrs rè1d io g¢Jng CcOrn and using tha going concern basis ol countIng Un$S twslees wlher InleThJ lo qulate Ihe chaiitatrA¥ company ry to cease opèratk)no. IN have no alernatN• lo do 80. Auditorfs r••pon5ibdlties lor the audit of the IlnanGial st•t•m•n Our objectiV85 are lo oblan reasorw14e a$sufanc• abwt whether Ihe fmanfaal Statem13 85 8 whole e frèé frL¥n material misstalemtni, whether due 10 oi error, lo isyje an audrtors report tha¢ Include5 wr opini, Re850nable assurance 15 a thgh level of a55urgrKe but ra nol 8 guarantee that an audit conduded in accordan¢e with ISA9 IUKI will akyays dglect a matenol misslalemenl when rt exists. Misslai¢ments can $• frc¥n liaud or eiror and are considered malenal If. ind1w¢AlY or In Ihe a9gregale. tW coull reonablY bp expgdgd lo influgnc• Ihe aconomiG d9rA55 ol u5e¢s taken on th8 basts ol Ihg59 finanoal st•iem¢nts. Thè oxtèllt to which our of détethng iffegdant8. Iwj, is Llgtai18d bebw.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE} INDEPENDEpif AUDITOR'S REPORT (copifiNUEDI TO THE MEMBERS OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIEr( (GENERALATE) The risk ol rnaleri Trysgtatemenl ¢Jue lo errrx L¥ Iwaud has been asses3j ffj (¥nI.On 1h how Inm81 CAJiitro18 rnay mitvJate any 5uth ri6k. These conlrds ate revi&d as ol th$ a11 by perf¢Krn9 Systems WalkthrOtt$ lo ensure thty a operalmg effeCte. Othgr wbslanti¥e l¢sting Is also perfNrned on all malerial bslan$ Jnd Iherefoie 8Try in5tsnr95 01 non-ceffiphK• shothj be idenb.figj w COdered a5 w¢•nt In Jeniifyino and assessing ii>kJ of mrial mi&slilemtnt in of WTeguknbes, fvawj. the audl erqagement tearn." obtained an undefslanding ol tha nature of Ihe ndustry and se, induth"w the leaa and r¢wl#iory framework. In whith Ihe tharNy opwalos and chanty cornpl wrth that leyal and regulatory fr4tDework inqed wrth managwnenl and those tharged wlh WvernAn th"r own tIfiClOn and assessrnl of Ihe nsk5 of ¥r¢gularrtw. IndudiThJ any actual. suypecled or all8getJ Instances of fiaud ¢thsCUssed wilh manwJ8rnenl and those tharwl th wvernarte with laws and f¢gulalions and how Iraud mighl orAI in(19 $98$MnIS of how aThJ ¥there the finanual 3tMen19 may be SUBC•FIt4• lo fraLKI. Thè risk ol managemenl overnde ol controlJ was 480 wisled ) araa ol potential rntyslalermnl due lo Iraud. Audrt proceduris F4Jrtormad leslww ol manual joumal and o¢hor adpJsiinent$ and evaluating the business ialionale in relati lo urn$ual transXb0 and Ir$1$ ért8r•d Into oulsde Ihe IrMal c¢rSe ol business. A fL4lhèr descnptkjn of our resp3MIt$ is ¥¥4able on I Finan(ial Repo. at.. hllps'jl www.frc.org.uklaudrt0f8fosp0nbi1rts This des(pIlo 101rn3 pwt ol our auth1¢$ report. U• tsl r•port Thls ieport Is made to Ihe charilat4e company's menknfs. as a body. In acco¥dance wlh Chapler 3 of Part 16 of the Compans Act 20(. Our 8udil wrxk has bèen und•rtaken so that we mwhl slate lo tho tharitatde comp¥,5 rnernbefs those maM•rs we are required 10 51ale lo Ih8ffl In an aixlrtOT s rep)rt and for no other puipose To the fullest exlenl peimilled by lth¥. we do rK)t acceFI or aswme rg•W151bilrty Ic+ anywe othw Ihan the charrtable company Ihe charl1 company'$ Mbe1$ as • body lor YAxk. ILY Ih's leport. ry for Ihe opinions w8 e frKm•d. Lo- Nkcholas cunnlngham MSC 8Sc FCCA Istnlor Statutory AdItOrI for and on b•half of Robson LaldlerAc¢ountants Limited Statsjtory AudKor Ferrn¥ood RoJ Jes[1 Newcasue upon Tyne Tyne and England NE2 1TJ
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY {GENERALATE) STATEMENT OF FINANCIAL AcTIlEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Curr•nt fin•n¢ial y•ar ilnr••lrkt•d lunds 2024 R•¥trict•d funds 2024 Totsl 2024 2023 com• and •ndowmonl• Irom: Donat5 and legacs Invesinients Other income 1.791.518 1.335.335 62,012 5.081 1.853.530 1.340.416 1,851.615 1,277.648 125.720 Totsl Incom• 3.195.721 67.093 3.282.814 3,254,981 Exp•ndltur• on: Raising Itinds charitab activrti•¥ 183.e88 3225.457 2.871 740.808 I,359 3..265 238.012 3,018.383 Total •xp8nditur8 3.419.145 743.479 4.182.824 3,286.395 N•t gTh8 on Inv•8lménts 8.148.137 14.814 8.1eo,951 394.420 Ntrt Incom•ll•xp•nditut•l 7.922.713 1661.$721 7.281.141 363.006 14•t M0m?l In fvndl 7.922.713 1661,5721 7.281.141 363.006 Reco111•1n of lund•'. FuThJ bal8nc8J at 1 Janupry 2024 50.613.n8 2,984.044 53.S97.832 53.234.826 Fund ballnces at J1 O•¢•mb¢f 2024 56.536.501 2.322.472 60.858,973 53.597.832 The st8lemenl of actmlw in¢knl8s al pns aThJ k)ssè8 rècognis8d ffi Ihè yéar. All t))trn and axp8ndrture del& Irom conbrvJiThJ actMI*s.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prior financi•l ygr Unrnstricted furKIs 2023 R•slrfct•d funds 1023 Totsl 2023 In¢ome and endoTr¢nts from.. t)cnalions an¢ 81)eS Inveslmenls Olher Incorne 1.832.983 1.252.384 125.720 18.632 2S.262 1.851,615 1.277,646 125,720 Total Incom8 3,211.087 43.894 3.2S4,981 Expondiluro on.. Raising lunds Chantable aclmts'es 218,253 2.988.117 19.759 238,012 fj0. 3,048,383 Totsl •Jrpondltur• 3.206.370 3,286,395 Nét 98¥Wlk)$18sl OTr Inwstrrv 414.9ty) 120.4801 39d,420 N•1 IOmI1<•Xp•dItrnl 419.817 (.6111 363,006 li8r$ b•b¥••n luhdÉ 117.898) 17.898 N•t m¥•ml In fund• 401.719 138,7131 363.0 R•conclH•iion ol lund•: Fund baancei at 1 Janu•ry 2023 SO.212,C69 3.022.757 53,234.826 Fund baknnce• at JI D•¢•mlJor 2023 50.813.788 2.984.1)M 53.597,832 10-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIEff (GENERALATE) BALANCE SHEET AS A T 31 DECEMBER 2024 21124 2023 Fixed wets Tantle a958t5 Inve61rnent prDP8rty IThvYglmAnts 12 13 14 4.6¥I,613 7.659,382 44.823.878 4.677.395 2.480.QOO 42.849.548 S7.175,8TI 49.8CK8,943 Curreni a$$•t• l)trhlo Cash at bank ond In ho 15 1,445.590 1.S)1.9S2 3.225,675 4.885 Id2 4.121,627 Croditor¥- •mownt• hlllng I1 wllhln on• yoar 16 11,202 0401 1938.7381 N•tcurTent 088•18 I13,1(r 3.790.889 Totbl 18•tsts I•M Gurr•nt Il•blNI•• 80,65873 53.507,832 Tho lunrt• ol th• ¢h•rlty Ro51Tled Inuxne tund8 Un$IrIcted funds 17 2.984.044 50.613.788 fjO,B59.973 $3.fo97.832 8 financl416tHtempnls woro 8pwovwl by th• Intslèèl Dn..... o& Re¥ M Corcoran MHM Tru8tEe Company reglslrabon numiwfN87S201En¥A TrJ Wltrki 11
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 ash 110 from op•r•ting •¢llvlO•• Cash abjorbed by operaon$ 11.914.975) 11.508.5331 Invesiing •ClJvlll•• Purchase of tble fixed assets Proceeds from dksposal ol tangible frxed 4s$eis Purchase ol inv85trnenls Proceed5 from disposal ol In¥estmonl income receNed Q7,1) I13,Cl 434.207 110.452.9591 10.364.052 1,277.846 t9.282.81 10.089 1 1.340.416 14et ca•h g•neTrW frorn Inv••tlThJ •ctl¥lllgs 2.128.852 1.809.946 Ngt ¢h yn•r•t•d Ifom •rthTrtI•• N•t Incr•••• In c•h Ind eA•h •g¥•l•nty 213.877 101.413 Cash ¥h equpnlents 01 b•giThww ol ye 3.225.675 3.124.282 cfv and c••h •qulval•nl• •t •nd of y•i 3.439.552 3.225.875 12_
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IGENERALATE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢counlln9 polkl•¥ Charfty Infommtlon Charity Foi St Joseph's Miss•ytr¥V Sotty IGeneral•tèi ts a privat• company by guarantaè incoiwrated K England arbd e3. The registered Off is Po 3608, St Jowh'¥ Parish Cantro, Cookham Road. Maidenhel, SL6 7EG. 1.1 A¢¢ounllng ¢onv•ntlon The finanual slalements hwe been prepar in dance wilh the thallty's governifig document. thg Companies Act 2(th. FRS 102 "The Fnanc4al R•port9 Stat)d¥d apph'caNe in UK and Republic ol Ireland. I"FRS 102.1 and the Ch¥rti SORP -Aceounbng and Reporting by ChaTrties'. Statement of R8comTn8nd8(I Pradk¥ aPpIrab lo rJwth'e6 w&pafir the aCCnIS in acc4Ndance wlth IhB FInGla1 Reporting 51andard applble m Ih? UK and Re1•C of Ireland IFRS 1021" leffectNe l January 20191 Th8 carbty 18 a Publ 8onefft Enlty as defined by FRS 102. The flnancial slalemenls are yepafed In $lethg. is the lu081 ujrrency of the chwty. Monelary an)Us In Ihes• $tat•m•nts af• round¢d to Ihe st £. The nnancial sta18m¢S h8ve been pr¢pared under ImOric¥ t4Jt onven1K rtrfd 10 ebjd8 the revalualion inv¢slmenl yt¥erliei certain financ1 Inslrurnents al fair ¥alue. wncipal •c¢ounlir19 policles adoF4ed are 8el Olrt beljw. 1.2 Golng conc•m At the Ilme ol approwbno the finanrJd stalemnls. Ihe ¢nJstees have a reasonable expeclats that the ¢hairty has adequate resources to C¢YNirn m owah'onal •xis1onc• lor Ihe fofeseeable fvlure. Thus the tiusle8s conllnu8 10 adopt thè gc7g cK¥ncm basts of accounb"NJ in pr8pwlng thè finan(ial Stat109. 1.3 Chrlt•bl• fvnd• Unrestricted fuTrJJ •re al th9¢re¢ ol the Iru¥l••$ in luriher$n¢• ol Ihwf thIraLle rtjiectives. Resldd•d kndl be uied r•gtrK4ed WrpOl willM"n t obig(#• of Iho tharity. Reslridws are ¥then gpeofied by Ihe donor or when fund8 We iatsed for PWI10r $tre4 purposes. Further explvolKn of fv nalm •wJ IuAd r4 induded 41 Ihe noles lo the financk4 st&lernent$. Endowm•)t funds • wbJ•ct to 8p#rJk rAndon5 by doThNs tha tho capital must mamtained by tho chafily. 1.4 Incom• I Income IB i8gnISed in Ihe Statenrt of FinanLyal AtieS the charrty ha8 entrdemert lo the fvnds, il B wobable Ihal Ihe irume wll be rec•bd amount te measwed reWI. The fc41rnving pdiues rèlatè lo th8 IndivK1va sourc&s ol Incomè. Dtsnalions arè rétognlsèd Ihe Trusl has been notffied in wrikng ol thè ntyJnt and Ihé Settlwnènt dale. Leoaoes are recx)on15ed on a case by case basis folkmno the oranling of [bale when the admin151raior i executor lor tt e51ate ha5 commurNcaled in wnling bolh the amount aThy Ihe se11knni dale. Intere51 on futKls hekl on dew)sit is Included receivable and the arnounl can mea5uied rdrably. DivideThJs are recognised the dtyidend has been dedared and nolificatsoa ha$ tn recgivod of the di¥KJeI Ren1 itKome ts recognised in the 10 which it relales. 13-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poll¢l•• Icontlnuedl 1.6 Expendir• Liabilities are recogruwd * 9xpetU • 8¢ &6 th8re Is a al rn6tlI8 oWwat)n COMnttl the charity to Ihat expen¢Jluie, rt Is probabk that a transler of eC(lC boneffls wll be requred in ¥ettl8m8nl and the arno1 ol the IgatIon Cdn be rneasured rel4y. ExpeThYrture 15 l)Nted for arn accruals bas15 an hA4L bp_g.n utHltf headirvJs Ihal aggrègatè all cosl rdaled io the calegory Wnere costs Cannot be dirècly a1buted to PartLal headw they ha¥e been alocated to cffi a ba31s ¢onsi51erni with the use ol resources. Granls dfered jubpci lo con0il)ns wlKh haw not been m?1 at ts yr eThJ dale are ted as 8 0)mmilnnt 1.6 Tanglble fixed a•set• Tangib fixed assets afe Inrfi8ty measured at C05t Subw1 meawrad ai ¢osI ¢y valuation. nel ol depreciation and ImpaKm8nt k)550S. D•preoatkJn rd rorJJgniBed 80 0• kn wrilo off Ihe co61 or valuatb)n ol awts loss thelr reJual ¥aè$ ov•1 their us•fiA INei on the lolbwry basè$'. Fr•vhokJ l¥)d and dIng$ Motor wthbJes deweoation 25% ièth¢kvJ Dnc Freehokl land and bjldings we constanl In lurtheiance of the charrfaN# aLiecllves and arFJ nainlainèd lo • sl8ndafd to ènsfft that Iheit rn8th01 u• li loss Ilw Iho vBlue. Deweuallon Is Iherefore nul provided Ihe baS Ihal the assels very Lnelul lil• Ihe afflounl of any annual deprwab'on be imniaterias. 1.7 Inv¢•bnen¢ propgrtl•s Inveslnieni property Is r•(•nt v4uabon. Any a99regale or defi aryng from Ltha In maikel valuè arè shown in th• Slalemenl ol Fin8nod Acllwlws. 1A Impmlrrnent ol fix•d al1 At each rtrportin9 end date. thè ¢trrtY the carryiro affl¢15 of rts t•ble ass015 lo Oelermne whelher there ts any thal th assels ha¥e ffer1 an irnpairmant loss If any such indicat exis15. Ihe refftroble amount ol Ihe asset Is esbrnalad in ordef lo dttem4né Ihe extent cl Ihe Thpwrmani loss lrfanyl, 1.9 Ca•h ond cuh •qulvalents Cash and ¢3sh oquivalenls Indudè cash In hrt. depofrts hebj al c¥ll banks, olw shorf4erm liquid inveslrnenls with Orinal malunbes ol IhRg or less. bank o¥ef¢afts. B8nk uvvrdr afè Shown within borrowngs In ajtrent haLylth'e$. 1.10 Taxation The ¢h8rity is èxéftwt Irorn CuFrfxatn l•x on rts tharilable act.& 1.11 Short tgrm dvblornlcrndlto Debtors arKI credrtors wth no Interest rale wthiL arè raceNabS& or payotrAe wilhin one yeai a recorded al transaclioA prTh. kny ktss aristy from impa11r are recognised I¢M3telY in Ihe $tement ol Financial Activrties. 1.12 ImiestmentB. Ouoled Investments ale staled In the fiwicd statements al theii tnarkel Value on Ihe bala¢ sheet date. Maikèl ¥alue represwils the vak piice ol woted iTr¥esIn on the relev1 day. re5ulling uniealised suiplus ¢y Oefrrt ¢xwl"led or eIe to the Ststemetkt ol A¢tiwl*s. 14_
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Donat10 and 1ggacl•s Unrn•trl¢t•¢l R•8trlct•d funds lunds Totsl ufirt funds Rèstrklèd lunds Total 2024 2024 2024 2023 2023 2023 Oonatlons Lègaci¥s racdvablg Ma$$es saFd Conliibulions Irom overneas 915.033 197.349 14.318 62.012 977.045 197,349 14.316 828.028 78.502 18.632 644,880 76,502 1,105 664.820 664.820 1,129.318 1,129,348 1_791.518 82.012 1.853.$30 1.832.983 18,632 1,851,815 Inv••lm•nts Unrnslrict•d R•8trkl•d lund• luDd• Totsl Unr••th"ct•d R••trict•d nd• fund* Totsl 2024 20Z4 2024 2023 2023 2023 Diwdonds roceNod Rents recthwed Interèsi recaTrAblo 1, 198.960 128.072 10.303 6.081 1.201.041 128.072 10.303 1.224.OSS 23.025 25,282 1.249,317 23.025 1.335.335 s.l1 1.340.416 1252.384 25.262 1.277,646 RAl•ing fund• Unr••trkt•d RMtrlctgd lund• Total UnYg•trl¢t•d R••trfct•d h•nd# funds Totsl 2024 2024 2024 2023 2023 2023 F ndraisin an Fundraising o)sls Investment managemont costs 5.870 5.870 6.561 6,561 167.818 2.671 1.489 211.89? 19.759 231,451 193.688 2.671 1.359 218.253 19.759 238.012 15-
CHARrrY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 EJ[PondIre on ¢hwitrL4e 4¢tsvili9¥ Chalitab actl¥ltl•$ Z024 Charltable activities 2023 Depreck4bon Pant Rent and iaies Insurarte Lighl and heal Telephone and ¢L¥n 12.683 39,895 3.237 16,963 34,028 2.519 41.269 6.544 27.234 25.138 É li Prinlng. postago and $lalK Repairs and mwnlelkice Sundrs Exchange gaIno•s86 Visilalty) Truslee alloances and medkal Truee Ir8¥el expense¥ Goneral th8pter and assemt4ies Tr8¥el and meeliiig exFen6es Office runnwsg CA)s16 Rectois expenses h&r £h¥ilabkn expendhure 17.985 162 175 49 584 143.1041 33.678 28,355 25,778 41,622 166,852 6.615 17,471 5,821 16,296 72.911 39.524 120.19S 37081 80 990 44 498 37.832 141.193 6.017 62.451 5.885 617,OJO 787.555 Grant fund ol Ise8 rle 61 3,048.797 2,138.422 Sh•rn ol support and go¥•manr• co•1• l••• not• n Supwt Go¥ornarts 286. 147 13.683 131850 12756 3,6,265 3,048.383 Anal$ by lund Uniesliicied Iwds Restricted d8 3,?25.457 740.8(Q 2.988,117 80.206 3.W.265 3.048.383
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEAIBER 2024 Grants payable Pastoral •¢livitio• Pastoral acvilie? 2024 2023 Grants to insb"iubons'. VissKJn hthj MiSsn5 suppcrft Aswi and Afncan c•ndid81è8 Renewal courses and furthor educall Other ,830 938,212 1.398,493 142,069 31,193 228.390 936,994 803.896 77.196 89,946 3.048,797 2,136,422 Suppart eosts •lloc•t•d to •etlvltl• 2024 2023 Staff costs Piof¢5sion¥l lees Accounlancy le88 Govemanc• costs 78.821 208.142 1.381 13.886 65,533 65,204 913 12,756 299.830 144,406 Analys•d ben.. Charitable adiwt 299.830 144,408 2024 2023 Gov•rn•nc• ¢o•t• ¢ompri••: Audrt f8qo 13.686 12,7S6 13,686 12,756 Not rno¥•m•nt In fvnd• 2024 2023 Th8 ngl movemenl in fuTrJs Is stated after thargirfcfedth'ng)." Fees payab for the aLJil of Ihp charills fmanfial slalewthls DepreGiaton of owned tangib lixed assels Profl on isposal of tarwtle fixed assets 13.686 12.683 19.096} 12,756 1120,0831 None ol ihe trustees lor any ptrstrt conneded ilh Iheml IVed any mUr.0 of benefits from Ihg charity during Ihe year. 17-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 IConUnu•dl Tr•n9a¢ti0 wilh trust•• nng th& year the Trus18es •wJ holJ#y altran(s ilia £23.4CQ 12023." £21.3001. 8ddiiion Ch7 pak1 Iravel exF4nStsS loWirKJ £26.690 12023" £46.2241. The tharily pd ffledi¢al 8XP8nses tolathng £2.95512023. £2,103) Thè ttwrty also I¥KIeS Ihe Trusitès with the use ol a vohicle and accommL%laIiL linclLHSiNJ ltte Daymenl of lax, raies w)d rdevant bi151 frK the current and pre¥Du rinanckil year. Al the58 c03ts w¢r¢ In relalton lo the Twstees ijubes al m¥&sw3ries ialh8r than relaiion lo thew dut$ as a Tntsle8. 10 Employw• Th• Over monlw nunyjer of during Ihe ywwo$' 2024 ¥umb•r 2023 Numb8r AdmThstsbve slall Employm•nt ¢o•ts 2024 202J Wigès and saarte8 Social serAlfily costs other eo .518 8.589 1,514 82.703 1.4QO 1.430 76.621 85.533 Thè TnJiteo& corrfthr tt Th) W managament rocmd renOn in erther the currwl or wevious yew. Th8r• wef8 no 00y0•S wnrw•l remuneratm was mote than W.O(KJ. 11 T*xaiknn Tho charty is exempt from tax on hKome and fallny wthln SeCth 505 ofthe Taxe5 1988 Of secti 252 of the T8xalk)n of Cli9rgeab Ga1Tr5Ad 1992 to Ihe ext¢ that lh applied lo ils charitsb ¢)b5ects. 18-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IGENERALATE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 12 T#n9lbla flxod •$•o1¥ Fr•phokl IAotor T1 Colt Al 1 January 2024 A&Jb"ons 4.860.33 55.707 4,715.8C 27.901 27.901 Al 31 Deeémbèr 2024 4,660.Q33 83.808 4,743.701 D•pr•clAtlon and bmpairnwnt At 1 January 2024 DeprgcwtKJn tharged ygwr 38.405 12.683 38.40S 12.683 Al 31 D8Mber 2024 51,088 S1.088 Carylng •mount Al 31 Oeceml)er 2024 4.660.093 32,520 4,692.613 At 31 December 2023 4.880.093 17.302 4,677.395 13 Inv••tm•nt property 2024 Al l January 2024 2,480,000 5,179.J82 Al 31 DerArt•r 2024 7,659,382 Folowlng an agreed change m uso ol a premousty C01¢pknJ prem0. In¥ostrD8nl prortY ¢tynprises Hokornbe Court. UK Rryrffj Hou¥0. 11. The UK prorety was most valu&J on 18 Oclober 2024 by Knw Fr tya8ed on rts rtsiail ¥alu• il 8(dd a5 a singl8101. A thange4n-v3e frorn <A¥ner-OCCUF4ed to in¥gstment Iwrty waj 4gieed for RL1 Hots$e effeclNe February 2024. The land buIldn9& were valuéd fft loial ai É6,C69,ODO on 15 May 2023 by an exlemal Sufveyor In Itaty atKI Ihis has been translale¢l al the excharvJe ¥ale in Febwary. The Iruslees belve this valuation Is )Pfoprial• al th8 year Ond. 19-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IGENERALATE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 14 Fill •88•t Invo•tmet Other w•stm&nts investrnenlF To¢•1 Co•t or valuatlon At l January 2024 Addition5 ValLtalK)n ch8n988 'sposa16 42.513.278 9,282.eeo3 2,981.569 (10,1%9.WI) 136,270 42,649,548 9,282,660 2,981,569 110.089,9011 At 31 D•cemtt 2024 44.687.8C6 138,270 44,823,876 CArrylng •mounl Al J1 Decernber 2024 44.687.8( 136.270 44,823.876 Al 31 Ccembei 2023 42.513.2n 136,270 42,849.548 2024 2023 Olh8r inveslmfrnts corrffj¥rf•'. Ilol•• Inveslmonls In ase(wle8 136,270 138.270 Thé cnariiy nas conmtMJi¢d £130.270 lu IxwwiD¥ ¥ LxvwrJl¥ iii¥(iib¥i TaTwaza Colege lQ•Jlhollc Unlver#ily A East AfFical an Inslilulk)n used by Ihe ¢yder kn Iiwnitvj and e(kICn of wvM81es foi the sth0Od. 2024 2023 Amounts falllng duo wlthln y••r. Oiher debtors PpaymlS a¢Jd hvm• 1.424.148 21.442 1.466.771 3S.181 1.445.SSYI 1.501.952 16 Creditorn.. •mounts f•lllng du• wlthln on• y•ar 2024 2023 Hgkj kn $S$ Olher u8drtors AccruaLfj and deferred 912.571 215.864 7J.QJOS 8W.128 12.659 33.951 1.202.040 936.738 Irldl lh• anThrt$ is £420.547 12023." £220.S4n r4ethJed 10 suppod bulding oJe¢ts in Pargi ar Olher areas of Indki remaning bal¢t represwts arr)1$ requested by the s11,$ reg%>nal 1K)n'S whK 14¥e nol yet been paMI out.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 17 Rntrl¢t•d fund• The reslncted funds OT Ihe charity c£rfnprise Ihe urt¢XFended baanees ol donab.ons 8fwJ hekj on trust subject lo speofic condibons by doTh)r5 as lo they may be used. Movem•ni In fund• Galnj Mnd J$ 31 Docornbor 2024 1 20Z4 •xpood•d Fenl Ifavd mr5 Ward Mgm1 Vnjland fund Oonations lund 132.214 7C6.817 10.389 2.134.624 410.579 5.081 115.8f4Jl I7,188> 156.933 20.528 10.389 2.134.624 14.814 21.433 121.4331 2.984.044 67.093 1743.4791 14.814 2.322,472 F¢nt Tr•v The Fent Tr8¥et lund fewes•nls receN lor the purd¥8• ol trwport in Mwn artsa8. Ward Mernorial The Ward MemDrio1 rew•i•nls left to tho Sxth fu non4JmlnlstraJve pwpos06 N•w Momb•rn ROr•M•t futMI The New Membèrs Reliromenl lund rw•88nts mcrns r8w¥ed foi th& k¥Obi8N)n of members fvyning the SoGly In whal wwo Vdlland fund This furyl repsentS mon*$ received Irom the fmrtch regbon folklfi0 Ihè of the Vrijland. ol which 801 wgs lo b8 In¥esl8d knlo an kn¥astm6nl portfdlo and th8 renwiirN 20% to be spent the thwrrty's d)grat16 expendbture. Donatkjfis Fund This fvThJ6 r¢sent (knalK rnc4ived spwfic gr Jwardod. 18 UnreBtrictsd lund Th8 unieslrictèd ndS of eharityO)nwè th6 ww)6ThJed tkns ol donalv)ns and 9r¥nts which • JI subject lo specik condflton$ by donors and grantors as lo Ihey Tw be used. These Include desvjnaled funds wh¢h ha been Set agde oul of unresthrjed luTrds by the truslee5 lor specific purposos. At 1 January 2024 IncoThNny R••04trc fOSOUrtès èxpended Tr•n•f•r• Galns and los$ At31 DrnbOr 2024 Genefal funds 50.613.788 3.195.721 {3.419.1451 8,146.137 58,536,501 21-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE> NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEAIBER 2024 18 Unrn•trlct•d ICoTrtlndl Previous ye•r. At 1 J¥nu•ry 2023 In¢omlng R•sources r•sourt•$ expend•d Tran•f•rn Gln¥ and losse• At31 D•¢grnb•r 2023 General fvnds SO.212.069 3.211.087 13.2C6.3701 117,8981 414.9CI) 50 613,78R 19 Anal18 of n•t •Ugt• b•t¥ert lun Unr••tJkted fvnd 2024 Re•thcted lund• 2024 Tol•l 2024 At 31 D袕mb•r 2024.. Tangible assets Investment propgn Investments Cwrert assels10bIrfi8s1 4.692,813 7.859.382 42.$01,404 3.683.102 4.692,fj13 7.6S9.382 44 823,876 3,683, 102 2,322.472 58.$38.501 2.322.472 80.858,973 Unmtrkt•d Restcted fvnd• fund• 2023 Totsl 2023 2023 At 31 Docgrnb•r 2023: TaTrJible assets Investment Investmnls Current asse1("ab"li1$) 4 677.395 2 480.OLX) 39.665.504 3.79).889 4,677.395 2.480.000 42.649.548 3,UJ.889 2.984,OM 9).613.788 2.984.044 53.597.832 20 Oporntlng le•ie commitrDents Lessor At the reFKXting dale ts drty had contre wrfh t•wnts frK 1rri)InMIeaIo paymentN'. 2024 ¥J23 thin one year eelween Iwo arn1 fve years In ovei fpe years 116.115 656,4S7 656.457 1.429.029
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Relat•d party transattltsns Duriry th8 year Ihe Charity for Sl Joseph's MissK)nary S¢yiety IBrilish Rogknl pald owr £596.014 (2023 ', £508.3601 in dMalh)n3 lo suppryl the General3te's m15y artiwtw. At the year end, £291,233 12023.. É283,7301 is WKauded deljtm rdab.ng 10 alTnIS th¥ed by th• chrrty loi Sl Joseph's MIS$nary Souety18nbsh Regonl. lhoUgh the Bri'sh Region and Geneialate do nt sharè any comrntsn TrLtsi88s. they do wowk ck)sÉty wih èach othèr aThJ are doomed to relaled Part fc di3ckJ¥we purpoJe¥. Al Iho year end. Ihorg was £11.210 12023. £10,$201 wthin dpbiors rtlatwvJ 10 amtyjnts owed by Flerning Dun Tiusl. a thafrty with COnOn Irusiees. 22 C•sh absOrtd by OTatIOna 2024 2023 sUrUl lor tha y••r 7.261.141 363.006 Adju•tsn•nt• lor: Investment Incom8 in sts1•mt oi financ1 ¥L#Mlles Gain on disposal of tangible fixed assets Faif valu8 gains losse$ on InVestrn1 WJFwb'?• Faif value gains and kJss•$ on in¥8stmnts DeprecAabon and Impaimienl ol twle fixed #s8ts 11.340.416) 11.277.648) 19.0961 1120.0831 15.179.382 12.981.569) 12,883 1394.4201 2.519 Mov•m•nt• kn workkni e*pllal: D¢crtsase tr) dobtorn Increasellde(Yeasel in ¢redlorJ $6.362 285.302 ?0.610 192.5191 Ci•h •h#orbed by op•r•tloM 11.914.975) 11,Y)8.5331 -23-