Charity r•9i•tr•llon numb•r 1148980 (England a￿1 Walesl Comp*ny rn9lstrallon n￿nber 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 p￿ncIpal •ddrM• Po 8ox 38OB St Joseph's Paiith Cw*r• C¢y)kharn R¢)ad Marfl¢the¥d SL6 7EG R•gl•t•r•d oin¢• 6 Cdby Gardens Cooknam Ro*J aidtnhèal SL0 7GZ Audltor Rob50n LalthwALY)yJni*Ms Lmnrted FeTrY*￿0 FknJse Fernwood Road Jewiond Nowcasllè wn Tyne Tyne and EnOaThJ NE2 ITJ Bink•rn Roya ol Scotland tdc 8243 Thre*Jneg* 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 Independ￿t audrtorf¥ r•F Sl•tern•nl of fin8rKi81 aumb.es 9.10 8nce SI￿￿1 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 finan￿￿1 stateTrwts lor Ihe year 31 DeC￿ber 2024. The Iru¥te&s who a￿ also of the dwrrty the purwses of comp￿89 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(a￿tr applic4)￿ lo ch8rilie8 prèparing their accounts in accordance wrth thè Fnanoal Rephrv) SlaThJard appI￿bIè In the UK and Repu￿￿ ol Ireland IFRS 1021 lefferANe 1 January 20191. Objectives and •ctiYities Sl, Josaph's S￿dY for For•gn Mis￿0￿￿ was Ic￿ded in 18e6 by C*dinal Herterl Vaughan ai Mil Frill in LondM. The Soc*ly 15 an 'intern8lion4 lelkw4ship ol MiSs￿n9[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 011￿de h¢yne regM?ns. Members ol th* Souety are expected to leave thew own counlry and uJlure and lo be in￿￿Ve￿ n pior*enno are83 01 9vpnge1l5ati￿. In 2fA% the S(xJqty's G8￿a￿le mo¥gd from Mil HIH to Maidenhe•J l(4Iowing the sab (rf Sl. Joseph's in Mill Hill which Iradrtionamy h&J t￿n the train￿0 cenire of Society. 8ecause c4 Itj h1510r￿al fouThJat￿n the Sooely and rfs n￿lber9 aro kn¢y*n J5 Ihe Mil HI misj•￿￿18•. The Socoty is organised Into Ihree Mis%ons'. Ihg Europe and North Amwic4 14issiM Icc*nprising Greal 8ril*n. The Nvlherfonds. Ireknd. The United Stales, and Ihe Gemian s￿akIng Regtyon. a￿0mpa$%￿g houses in Ilaty and Auslrlal. lh8 Alrlca Mission and the A￿3 M¢S￿on. Unb'i receniiy Il has drawn th8 rnal0r￿ ol its mernbers from Eurw ?nd Norlh Arner￿. Today Iherg art many caThthdatw firffi C•mwrw. D•mocr•lK Repx*h¢ ol Con9ts, Kenya. Uganda. Intha. malays￿ and the Philyjmes. It hos MIssiDn Ar&a8 in uJuntrie8- Kenya. UgaThJ8, Souih s￿lan. C￿er(th. Democrat￿ Reput￿￿ ol Congo, SoulhAIrl￿, Pakl*an. Indla. Malaywa, Pllllpp1￿ty. PAazll, C•mbodw. ¢l¥tr*h¢r• wi th4 world. The coryiany iWA)Iporated on 20th October I￿. under 8 memowdum and artic4e$ 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 do￿￿1. it twan Ils aCtNil*$ on isi January 2013 when the Charrty for Sl. Jowrth'j IAiss*xwy Soc4ely IBrili$h RegDnl Irusl Icharfly Commisson number 220690 an(1 Ihe Scollish Charily Re9u181￿ nurnter SC039809I transferred •$1*8 10 rt. Thè 51aiutory F*￿er ol appThnling liustees les with the ¢￿91￿ Trustees. Organlsatlon AN the OirectorJlTFu¥le¥J ol the C￿rty fry Sl Jo¥•￿.$ Soo"•ty IG•r*aWvl 4r8 Mornb￿ of Sl Joi•K*I's MI$8K)nary SoeiÈiy. The direct(￿8 ol Ihe company 8rè apwnied yxnity by thè Gènaral &Jpèrior and v￿ar General. The Genpral Superior is Ihe Chaiman of Ihe Board of Th're¢lor$. The General SwrKX and Ihe Vicar General werg •lecleil by the delegates al a Gerfftal Chwer Ihikl e¥ery fve ye¥s. The Ge￿ra1 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 $MKe January 1985. H8 was txdained in August 1985 and èlècied Ganefa ￿rItY ol ihe in 2015. He ¥Yas rtrdecled gJper*y Gewal at the Genernl ¢h4pler in ju￿ 2022. Pri￿ lo bemig elecaed Gener* Supenor he was ts Head of the Soc￿ty.5 1115h Regi(xTr. R•v Ggrard Il••ll• MHAI Fr Hasiie has been a Membef of the Sryjety ￿¢* December 2(KJ1. He w45 l￿d￿ned In June 2002 and was ppomled A55151anl Financial Secretary in May 2019. In Octobw 2019. ts was apFY)inled Finar￿la1 Secrelary. Ht was appointed as a DIrttI￿r[1usIee In Noven*)ei 2019. Prior to beiNJ appointed qs As3istBnt Fin8nc4al Secrelary h¢ was Y￿rknng in Ihe Soo'ety's Mi55ion In Kenya aThl Uganda Gwry was decled Vicar General of the Swaty by th8 Chapt8r de￿94t•S in 2022. R•v Jlmmy Llnd•ro MHM Fi Lindero has b88n a fum Member ol Obxobei 2008 Ht was ￿1*"ne￿ ffj Aprl 2007 and eknted to the General C￿￿￿1 m June 2015. lo bvrrfJ eknlod lo Ihe General Counryl he WB5 wurking In the SocieW5 mbssion In Pakistan He w85 8ppoinled as a ￿e¢lOr￿n￿518e In May 2016. HK* term ￿ t+Le Ggnwal CouncA 0nded in JMè 2022. He was apwnled Secf8t¥y in February 2023. R•v Phlllp Adw1• Am•k MHM Fr Adede has been a full Men**r ol Sooety Marth 2C4)6. H& was (ffdaiwl priell ¢n August 2009. He wag olected to the General Counril ￿ Juno 2022. He was app(xnted a3 a thre¢torNwslee m Juty 2032. Prior lo his 91gdk¥) lo the General Cow¢4. h* h•J Y*orkgd in lh• Soc*ty's mission *) Uganda, Kenya and Iht UK Fr 89rn1• Luni MHM Fr Luna has been a lull M•mbw of Ihe Sooety March 20(B. +* wo$ 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￿ rifir￿al he was In the Soc*ty's nyssion in Pa￿SIan. OblgCtl¥•• and alm• The prinrjpa obieclive3 of th• Sootty ¥3 slated in thè IIUSI d8•J 8rg.' Such chorilablg pu￿1888 that the rehgtyxn ond olhqf thwrtaLI6 wcrfk of Ihe n¢*Jth"fig." l. The pl￿otiOn. maintenante a Aupry)rt of thè Souety & rts merthi lh• e¢bxa￿on of ￿￿rnbers 2. Tht relel ol po¥erty and 3 The a{fv8nc￿ne￿l of th• RL)nan Cathok The Trustees rnay use Ihe Ca￿91 Ihl IrL*￿e d Ihe Chwity lh• Obie(a$. Thw objgctivas dgar st8tè the aims of the Souely. Publlc benéllt The Trustees havo Con￿Re￿ the m*Je availawe by tho Chaiity C￿nN￿81￿ ￿￿Jand and Wes the Public Benelil requirernent of it* Chafrt*s Ad. Thè TIu￿ees are confident Ihat Ihey hè¥e ￿Mph"e￿ wrth th￿r duly the Charrt￿5 Act tn Ihal IW have h&J due regwd to PulA￿ benefit guKlarre pvb115hed by the Cornmis%on. In fulherance of the trusts thèrrtabbe purposes the public benefit the trust￿$ 9¥e deiai15 of th&r a¢li¥rtYas in Ihè l¢)kn¥ing p8*a￿aphS. 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 Soc*iy conlinves lo work in pla￿ ILkfj P*stan. I￿￿a. East Malaysia, the Philypines. and the nevly t)pened misslon h) Carnbodki. In Afftca. Ihe Soueiy wo￿$ n Cwroon. Kenya. Uganda. Democratic Re￿￿lIC of CotYJD. South Sudan. and Souih AfTKa. TI￿le ￿ also a missKJnaty presen￿ in tr40 ￿J￿treS 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 mis￿mary pTi8Sthood is of the ￿ntral of thè and colllinues io grèw as a res￿1 tsl a steady Slieam ol tandhlaies eorniThg from Ihe mission couniries in which Ilie Sorjety w￿kS. In 2024 Ihefe were 106 students in the lorrnatK)n programme and 14 sludents beC￿e perfflanent Members of the Swely and were ordained lo Ihe w*sthood. 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 d￿nng 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 Br￿n 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 Ma￿et ¥*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 wh￿h ale rn￿a9ed by Its British Region IRegLStered Chanty No. 22(￿90 and SC0398091. Th8 I￿oMe recewed Icw 2024 Ihroiityl Ihis ftsndraiwg wa$ £596.014, a smal Iwease Trc#m last years in¢ome of £508.360. The Sc￿etY a150 re￿1￿1 genwou5 contrknJli￿5 t(M￿d5 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*¥ irrport*rt 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 Y￿ng 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 V￿kn￿e. The ￿)rest in Enghsh-speaking Cameroon as well as the ri￿ng insecurity COllr￿fr￿S in North.Eastem uga￿ja Iwtinue to raise cortem$ Ihe safety of the p8opI¢ and Ihe MemtrRr6 who work ￿ those pkce$ aThJ to iespond. Mèmbers ol thè G￿ra1 CL￿￿1 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 As￿n. African and Home Flegions, were ¢y￿1￿e wa the zoom ￿ttorn). Aso. In Oclotser 2024. the Gereral Counal organised a SOc￿ty 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 bOd￿S and parliwes •) wider di￿U$$￿1nS as rnem￿r of relevant Church CKganisation5 wch as MISAL IMS%on￿les 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 11￿￿a59 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 W il COV8fed Ihe European members I￿n￿WO￿kIng in the differenl tounm m which the Srrtiety operai&s was undertaken a naw polKy was purchasod The pol￿•8 cownr¥J rnembofs originabng from Africa aTrd Asta different countries they reside in rema￿ed under ¥ewew. An e¥tenyve reyiew w *0 ¢yJl tsl Sr*￿$ Cybof lfiswar￿e poli¢y, loMovAng on from which a new was wrchased. Ai a substant￿1 source olinc(¥n• lo Ihe Sots•ty lof ils rNssMywy th• fvndroiwg ¥rr4n#emonl wth'Vi$Jio" (Reg Chanty No 10566511 Ihe bocaely rewaty liaises vnm MissK) and tile St wli1$8(I to wgparp ihe finwal 5tal•ments In acoydm wtth the small companleB regime arKI ta*è advantage of Ihe smal comwiès, èx8mirt￿S In pr￿￿fig 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•¥￿n￿ba.I￿. tha tntslees. t*rt)o artr also the dtraclor8 ol Ihe harily ftx Ihe purpose of G￿lpanY law. ar• rosponsi￿8 lor ￿ prèpaiab'on ol Ihe fin￿￿1 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 O￿a￿e Ihè preparation of f*)antsal slateM￿lS 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 appE1c￿e. mailèrs rè￿1￿d io g¢Jng C￿cOrn and using tha going concern basis ol ￿countIng Un￿$S twslees wlher InleThJ lo ￿qu￿late 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 Statem￿13 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¢A￿lY or In Ihe a9gregale. tW coull re￿onablY bp expgdgd lo influgnc• Ihe aconomiG d9rA5￿￿5 ol u5e¢s taken on th8 basts ol Ihg59 finanoal st•iem¢nts. Thè oxtèllt to which our of détethng iffegdant*8. 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 asses3￿j ffj (¥*nI￿.On ￿1h how In*m81 CAJiitro18 rnay mitvJate any 5uth ri6k. These conlrds ate revi&￿*d as ol th$ a￿11 by perf¢Krn￿9 Systems WalkthrO￿tt$ lo ensure thty a￿ operalmg effeCt￿e￿. Othgr wbslanti¥e l¢sting Is also perfNrned on all malerial bslan￿$ Jnd Iherefoie 8Try in5tsnr95 01 non-ceffiph*K• shothj be idenb.figj w CO￿dered a5 w￿￿￿¢•nt In *Jeniifyino and assessing ii>kJ of m*rial 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 inq￿￿ed wrth managwnenl and those tharged wlh WvernAn￿ th￿"r own ￿￿tIfiC￿lOn and assessrn￿l 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(￿1￿9 ￿$98$M￿nIS of how aThJ ¥there the finanual ￿3t￿Men19 may be SUBC•FIt4• lo fraLKI. Thè risk ol managemenl overnde ol controlJ was 480 wis￿led *) 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 I￿rMal c¢￿rSe ol business. A fL4lhèr descnptkjn of our resp￿3￿MIt￿$ is ¥¥4able on I￿ Finan(ial Repo￿.￿￿ at.. hllps'jl www.frc.org.uklaudrt0f8fosp0n￿bi1rt￿s 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 Compan*s 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'$ M￿be1$ as • body lor YAxk. ILY Ih's leport. ry for Ihe opinions w8 e frKm•d. Lo- Nkcholas cunnlngham MSC 8Sc FCCA Istnlor Statutory A￿dItOrI for and on b•half of Robson LaldlerAc¢ountants Limited Statsjtory AudKor Ferrn¥ood Ro*J Jes[￿*￿1 Newcasue upon Tyne Tyne and England NE2 1TJ CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY {GENERALATE) STATEMENT OF FINANCIAL AcTI￿lEs 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: Donat￿5 and legac*s 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 g*Th8 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 M0￿m?￿l In fvndl 7.922.713 1661,5721 7.281.141 363.006 Reco￿111•1￿n 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 yg*r Unrnstricted furKIs 2023 R•slrfct•d funds 1023 Totsl 2023 In¢ome and endo￿Tr¢nts from.. t)c*nalions 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 I￿OmI1<•Xp•￿dIt￿rnl 419.817 (￿.6111 363,006 li￿8￿r$ b•b¥••n luhdÉ 117.898) 17.898 N•t m¥•m￿l 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 Tan￿tle a958t5 Inve61rnent prDP8rty IThvY*glmAnts 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 I1￿3,1(r 3.790.889 Totbl 18•tsts I•M Gurr•nt Il•blNI•• 80,658￿73 53.507,832 Tho lunrt• ol th• ¢h•rlty Ro51T￿led Inuxne tund8 Un￿$IrIcted funds 17 2.984.044 50.613.788 fjO,B59.973 $3.fo97.832 8 financl416tHtempnls woro 8pwovwl by th• Intslèèl Dn..... o& Re¥ M Corcoran MHM Tru8tEe Company reglslrabon numiwfN87S201En¥A TrJ W*ltrki 11 CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 ash 110￿ from op•r•ting •¢llvlO•• Cash abjorbed by opera￿on$ 11.914.975) 11.508.5331 Invesiing •ClJvlll•• Purchase of t￿￿ble fixed assets Proceeds from dksposal ol tangible frxed 4s$eis Purchase ol inv85trnenls Proceed5 from disposal ol In¥estmonl income receNed Q7,￿1) I13,C￿l 434.207 110.452.9591 10.364.052 1,277.846 t9.282.8￿1 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 c￿fv 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 Sot*ty 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. Maidenhe*l, 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•port￿9 Stat)d¥d apph'caNe in UK and Republic ol Ireland. I"FRS 102.1 and the Ch¥rt*i SORP -Aceounbng and Reporting by ChaTrties'. Statement of R8comTn8nd8(I Pradk¥ aPpIrab￿ lo rJwth'e6 w&pafir￿ the￿ aCC￿nIS in acc4Ndance wlth IhB FIn￿Gla1 Reporting 51andard appl￿ble m Ih? UK and Re￿￿1•C of Ireland IFRS 1021" leffectNe l January 20191 Th8 c*arbty 18 a Publ￿ 8onefft Enlty as defined by FRS 102. The flnancial slalemenls are yepafed In $lethg. is the lu￿￿0￿81 ujrrency of the chwty. Monelary an￿)U￿s In Ihes• $tat•m•nts af• round¢d to Ihe ￿st £. The nnancial sta18m￿¢S h8ve been pr¢pared under Im￿Oric¥ t4Jt onven1K￿ rt￿rf￿*d 10 ￿ebjd8 the revalualion inv¢slmenl yt¥erliei ￿ certain financ￿1 Inslrurnents al fair ¥alue. wncipal •c¢ounlir19 policles adoF4ed are 8el Olrt beljw. 1.2 Golng conc•m At the Ilme ol approwbno the finanrJd stalemnls. Ihe ¢nJstees have a reasonable expeclats￿ that the ¢hairty has adequate resources to C¢YNirn￿ m owah'onal •xis1onc• lor Ihe fofeseeable fvlure. Thus the tiusle8s conllnu8 10 adopt thè gc*7g cK¥nc*m basts of accounb"NJ in pr8pwlng thè finan(ial Stat￿10￿9. 1.3 Ch*rlt•bl• fvnd• Unrestricted fuTrJJ •re al th9¢re¢￿ ol the Iru¥l••$ in luriher$n¢• ol Ihwf thIr￿aLle rtjiectives. Resldd•d kndl be uied r•gtrK4ed WrpO￿l willM"n t￿￿ obig(#• of Iho tharity. Reslridws ar￿e ¥then gpeofied by Ihe donor or when fund8 We iatsed for PWI￿10r ￿$tr￿e4 purposes. Further explvolK*n of fv nalm •wJ IuAd r4 induded 41 Ihe noles lo the financk4 st&lernent$. Endowm•)t funds *• wbJ•ct to 8p#rJk rAnd￿on5 by doThNs tha tho capital must ￿ mamtained by tho chafily. 1.4 Incom• I Income IB i8￿gnISed in Ihe Staten*rt of FinanLyal A￿￿tieS the charrty ha8 entrdemert lo the fvnds, il B wobable Ihal Ihe irume wll be rec•b*d amount te measwed reWI. The fc41rnving pdiues rèlatè lo th8 IndivK1va sourc&s ol Incomè. Dtsnalions arè rétognlsèd Ihe Trusl has been notffied in wrikng ol thè *ntyJnt and Ihé Settlwnènt dale. Leoaoes are recx)on15ed on a case by case basis folkmno the oranling of [￿bale when the admin151raior i executor lor tt* e51ate ha5 commurNcaled in wnling bolh the amount aThy Ihe se11kn￿ni dale. Intere51 on futKls hekl on dew)sit is Included receivable and the arnounl can mea5uied rdrably. DivideThJs are recognised the dtyidend has been dedared and nolificatsoa ha$ t￿n recgivod of the di¥KJe￿I Ren￿1 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 Expendi￿r• Liabilities are recogruwd * 9xpe￿*tU￿ •* 8¢￿ &6 th8re Is a *al ￿ r￿n6t￿lI￿8 oWwat*)n COMn￿ttl￿ the charity to Ihat expen¢Jluie, rt Is probabk that a transler of eC￿(￿lC boneffls wll be requred in ¥ettl8m8nl and the arno￿1 ol the ￿￿IgatIon Cdn be rneasured rel4￿￿y. 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 a￿1buted to Part￿L￿al 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 y￿r eThJ dale are ￿ted as 8 0)mmiln*nt 1.6 Tanglble fixed a•set• Tangib￿ fixed assets afe Inrfi8ty measured at C05t Subw￿1￿ 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 re*Jual ¥a￿è$ ov•1 their us•fiA INei on the lolbwry basè$'. Fr•vhokJ l¥)d and ￿dIng$ Motor wthbJes deweoation 25% ièth¢kvJ D*nc 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 ba￿S 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￿ ar*yng from Ltha In maikel valuè arè shown in th• Slalemenl ol Fin8nod Acllwlws. 1A Impmlrrnent ol fix•d al￿1* At each rtrportin9 end date. thè ¢t￿rrtY the carryiro affl¢￿15 of rts t￿•ble ass015 lo Oelermne whelher there ts any thal th￿ assels ha¥e ￿ffer￿1 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 h￿rt. depofrts hebj al c¥ll banks, olw shorf4erm liquid inveslrnenls with Ori￿nal 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 CuFrfxat￿n 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¢M￿￿3telY 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 relev￿1 day. re5ulling uniealised suiplus ¢y Oefrrt ￿ ¢xwl"led or ￿e￿Ie￿ 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 ufir￿￿t 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.$30 1.832.983 18,632 1,851,815 Inv••lm•nts Unrnslrict•d R•8trkl•d lund• luDd• Totsl Unr••th"ct•d R••trict•d nd• fund* Totsl 2024 20Z4 2024 2023 2023 2023 Diwdonds roceNod Rents recthwed Interèsi recaTrAblo 1, 198.960 128.072 10.303 6.081 1.201.041 128.072 10.303 1.224.OSS 23.025 25,282 1.249,317 23.025 1.335.335 s.l￿1 1.340.416 1252.384 25.262 1.277,646 RAl•ing fund• Unr••trkt•d RMtrlctgd lund• Total UnYg•trl¢t•d R••trfct•d h•nd# funds Totsl 2024 2024 2024 2023 2023 2023 F ndraisin an Fundraising o)sls Investment managemont costs 5.870 5.870 6.561 6,561 167.818 2.671 1￿.489 211.89? 19.759 231,451 193.688 2.671 1￿.359 218.253 19.759 238.012 15- CHARrrY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 EJ[PondI￿re on ¢hwitrL4e 4¢tsvili9¥ Chalitab actl¥ltl•$ Z024 Charltable activities 2023 Depreck4bon ￿Pa￿￿nt 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 $lalK* Repairs and mwnlelkice Sundr*s Exchange gaIn￿o•s86 Visilalty) Truslee allo*ances and medkal Tru*ee Ir8¥el expense¥ Goneral th8pter and assemt4ies Tr8¥el and meeliiig exFen6es Office runnwsg CA)s16 Rectois expenses h&r £h¥ilabkn expendhure 17.985 162 175 49 584 143.1041 33.678 28,355 25,778 41,622 166,852 6.615 17,471 5,821 16,296 72.911 39.524 120.19S 37081 80 990 44 498 37.832 141.193 6.017 62.451 5.885 617,OJO 787.555 Grant fund￿ ol Ise8 r￿le 61 3,048.797 2,138.422 Sh•rn ol support and go¥•manr• co•1• l••• not• n Supwt Go¥ornar￿ts 286. 147 13.683 131850 12756 3,*6,265 3,048.383 Anal￿￿$ 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 ac*vilie? 2024 2023 Grants to insb"iubons'. VissKJn hthj MiSs￿n5 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 be￿*n.. 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 aL*Jil of Ihp charills fmanfial slalewthls DepreGiaton of owned tangib￿ lixed assels Profl on i*sposal of tarwtle fixed assets 13.686 12.683 19.096} 12,756 1120,0831 None ol ihe trustees lor any ptrstrt conneded *ilh Iheml I￿Ved 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 hol*J#y altr*an(*s i￿￿li￿a £23.4CQ 12023." £21.3001. 8ddiiion ￿ Ch￿7￿ pak1 Iravel exF4nStsS loWirKJ £26.690 12023" £46.2241. The tharily p￿d 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$' 2024 ¥umb•r 2023 Numb8r AdmThsts*bve slall Employm•nt ¢o•ts 2024 202J Wigès and saarte8 Social serAlfily costs other eo .518 8.589 1,514 82.703 1.4QO 1.430 76.621 85.533 Thè TnJiteo& corrfthr t￿t Th) W managament rocmd ren￿￿￿On in erther the currwl or wevious yew. Th8r• wef8 no 0￿0y0•S wnrw•l remuneratm was mote than W.O(KJ. 11 T*xaiknn Tho charty is exempt from tax on hKome and fallny wthln SeCth￿ 505 ofthe Taxe5 1988 Of secti 252 of the T8xalk)n of Cli9rgeab￿ Ga1Tr5Ad 1992 to Ihe ext￿¢ that lh￿ applied lo ils charitsb￿ ¢)b5ects. 18- CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IGENERALATE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 12 T#n9lbla flxod •$•o1¥ Fr•phokl IAotor T￿1 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 D8￿Mber 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 C￿￿01￿¢￿￿pknJ prem0￿. In¥ostrD8nl pro￿rtY ¢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 nal ￿1￿K)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$￿ 31 Docornbor 2024 1 20Z4 •xpood•d Fenl Ifavd m*￿r5 Ward Mgm￿￿1 Vnjland fund Oonations lund 132.214 7C6.817 10.389 2.134.624 410.579 5.081 115.8f4Jl I7￿,188> 156.933 20.528 10.389 2.134.624 14.814 21.433 121.4331 2.984.044 67.093 1743.4791 14.814 2.322,472 F¢nt Tr•v The Fent Tr8¥et lund fewes•nls receN￿ lor the purd¥8• ol tr*wport in M*wn artsa8. Ward Mernorial The Ward MemDrio1 rew•i•nls left to tho Sxth fu non4JmlnlstraJve pwpos06 N•w Momb•rn RO￿r•M•￿t futMI The New Membèrs Reliromenl lund rw•88nts mcrns r8w¥ed foi th& k¥Obi8N)n of members fvyning the SoG*ly In whal wwo Vdlland fund This furyl rep￿sentS mon*$ received Irom the fmrtch regbon folk￿lfi0 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)gr￿at16 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 D￿rnbOr 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 ICoTrtln￿dl Previous ye•r. At 1 J¥nu•ry 2023 In¢omlng R•sources r•sourt•$ expend•d Tran•f•rn G*ln¥ 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 Anal￿18 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 assels10￿bIrfi8s1 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.$38.501 2.322.472 80.858,973 Unmtrkt•d Rest￿cted fvnd• fund• 2023 Totsl 2023 2023 At 31 Docgrnb•r 2023: TaTrJible assets Investment Investmnls Current asse1￿(￿"ab"li1￿$) 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 d￿rty had contr￿e￿ wrfh t•wnts frK 1rri)In￿MIeaIo 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 alT￿nIS th¥ed by th• ch￿rrty 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,$201 wthin dpbiors rtlatwvJ 10 amtyjnts owed by Flerning Dun Tiusl. a thafrty with COn￿On Irusiees. 22 C•sh absOrt￿d by O￿TatIOna 2024 2023 sUr￿Ul lor tha y••r 7.261.141 363.006 Adju•tsn•nt• lor: Investment Incom8 in sts1•m￿t oi financ￿1 ¥L#Mlles Gain on disposal of tangible fixed assets Faif valu8 gains losse$ on InVestr￿n1 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-