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← The Daughters Of Jesus CIO

2025-03-31-accounts

Charity number: 1154248

THE DAUGHTERS OF JESUS CIO

TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

DAUGHTERS OF JESUS ClO

CONTENTS

Page
Reference and administrative details 1
Trustees’ annual report 2-10
Independent auditors’ report 11-13
Statement of financial activities 14
Balance sheet 1
Cash flow statement 16
Notestothefinancialstatements 17-37

DAUGHTERS OF JESUS CIO

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

Trustees / directors

Sister Mary Clare Mason (Chair) District Leader Sister Marie Yvonne Fontaine Mr Nicholas J Muston Sr Ruthina Francis Sr Alice Montgomery OSU Appointed September 2024

Registered office

2 Carlton Road West, Westgate —- On — Sea, Kent CT8 8PL

Charity registered number 1154248

Independent auditors

Burgess Hodgson Audit Limited, Camburgh House, 27 New Dover Road, Canterbury, Kent. CT1 3DN

Bankers

The Royal Bank of Scotland, 6'" Floor City of London Office, 1 Princes Street, London, EC2R 8BP.

Solicitors

Stone King, Upper Borough Court, 3 Upper Borough Walls, Bath BA1 1RG.

Investment Advisors

Rathbones, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW.

Page 1

DAUGHTERS OF JESUS CIO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are pleased to present the statutory annual report with the accounts of the Daughters of Jesus CIO, for the year ended 31° March 2025. The charity previously known as the Daughters of Jesus was incorporated as a CIO on 17" October 2013. The results presented here for the year 2024-25 are in the form of a Statement of Financial Activities. This incorporates the traditional income and expenditure account, in order to comply with the revised Statement of Recommended Practice for Charities 2015, and in accordance with the Charities Act 2011.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The English District (changed from Province by resolution 16'° February 2022) of the Congregation, known as The Daughters of Jesus, was previously registered as a charity in 1962 (reg.no. No.234925). On the 17! October 2013, The Daughters of Jesus became a Charitable Incorporated Organisation. The governing document of the charity is the Memorandum and Articles of Association. Charity registration was given on 17' October 2013, charity number 1154248.

Details of the trustees who served throughout the year are included in the Reference and Administrative Details on page 1.

Trustees’ indemnities

Trustees benefit from indemnity insurance to cover the liability of the Trustees which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default or breach of charitable company or breach of duty of which they may be guilty in relation to the charitable company. The cost of this insurance in the year was £1,683.

Method of Appointment or Election of Trustees

The constitution for Daughters of Jesus CIO states there should be not less than 3 nor more than 5 appointed Trustees and 1 ex officio Trustees. Atleast 3 Trustees or at all times the majority of the Charity Trustees must be members of the Congregation.

To appoint a Trustee, every appointed Trustee must be appointed by a resolution passed by the District Delegate, (changed from Provincial Superior by resolution on 16" February 2022). Every appointed Trustee shall be appointed for a term of four years, save that any appointed Trustee who is a Council Member shall be appointed for the duration of their period of office as a Council Member. In selecting individuals for appointment as appointed Charity Trustees, the District Delegate must have regard to the skills, knowledge and experience needed for effective administration of the ClO.

Policies and procedures adopted for the induction and training of trustees

New Trustees are offered an induction programme tailored to their needs. All Trustees benefit from seminars and study days offered by various professional organisations designed to maintain the skills they need to fulfil their responsibilities as trustees.

Organisational structure, Related parties and other charities and organisations

The Trustees are also assisted by a number of professionals in legal, financial and property matters, to whom day to day responsibility is delegated, via the District Delegate. The Finance Officer assures the day to day smooth running of the accounting systems of the Charity. The communities and individual Sisters who make up the district are key beneficiaries of the Charity. They are accountable to the District Council and the Trustees in financial matters. The District Council, in turn, is accountable to the Generalate in Paris, which itself reports at six yearly intervals to the General Chapter of the Congregation. Regular monthly financial reporting from the communities provides complete, accurate and contemporaneous record keeping for the charity. Internal and external security and monitoring measures are in place and are reviewed regularly.

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DAUGHTERS OF JESUS CIO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Objects and aims

The Daughters of Jesus CIO supports the small group of religious Sisters in England whose members form the English District of the Congregation of the Daughters of Jesus. It describes the various charitable activities which they undertake or support, at home and abroad. In the English District this translates into pastoral care of the elderly, the isolated and those in need, as well as the advancement of the Roman Catholic religion through the Sisters’ witness of their life and prayer together in community, and direct service to each other and the people among whom they live and worship.

Objectives, strategies and activities

Public benefit

“Wherever we are sent we associate ourselves closely with the people of the locality in all simplicity.” RL15

All the different activities described in this report contribute to public benefit and to the advancement of religion — in small ways and large. The Covid pandemic reduced the face-to-face contact and support the sisters had been able to offer for a while, but they are now as active as they were pre covid times. All the sisters are proactive in as far as their health allows them to assist others who are less fortunate than themselves. Those who live in Care Homes are committed to a ministry of kindness and good neighbourliness by their daily contact with staff and residents. Small things matter to people — and this belief makes the sisters responsive to needs which might otherwise pass unnoticed — bereavement, an illness or a loss, or simply a family celebration. Advancing age has not reduced their capacity or their willingness to share their time or to offer a listening ear to the lonely or the distressed — it has simply changed the way they do things. Here are some examples: -

PASTORAL COMMUNITY ACTIVITY: The pastoral support has continued to be offered by the sisters as they support a group of students from the local senior school who visit the Care home where the majority of the Sisters live.

OUTREACH: Three Sisters made the choice to move into assisted living accommodation, where they share the life, concerns, and companionship of the other elderly residents. All the sisters have been proactive and keen in offering support to fellow residents by being at the table with them every lunch time as well as taking part in activities organised by the home — such as film sessions, discussion groups, singing, art and craft groups and the list goes on. A sister recently returned from 18 years in France, has immersed herself into many local activities in her area of residence — community gardening, local community choir, assisting people at the local library with IT skills, volunteering in a local charity book shop as well as visiting the local care home where 4 sisters are resident. One Sister in this home, supported a lady in the room opposite who had hearing and site problems, by reading to her and keeping her abreast of all that was going on within the home as well as the world.

DONATIONS: As the District has got older and are all retired, they continue to provide a public benefit by making small or large, one off or regular payments to charitable causes that are in line with their objectives. The funds for this arise from the disposal income after the cost of looking after the Sisters is deducted. Sources include Investment dividends, donations and pensions. More detail can be found in the Achievements and Performance section. In the event of a major disaster donations are made to charities working in the disaster area. The GAZA, Ukraine conflict along with Sudan and agencies working in the areas suffering from drought. Are examples of such major disaster areas With the sale of the large Victorian house in Westgate, every effort was made to donate as much furniture as possible to Charity. A safe house for trafficked women had first choice, then another Charity giving furniture to the unemployed or those on Public Benefit, accepted furniture such as beds and wardrobes with the rest going to auction. The proceeds from the auction paid for the transportation fees where they occurred. Some items were given to people in the locality who were in need, which included those who worked for us. At Christmas the Sisters are consulted about what Charities they would like District to contribute too as well as the District making a small donation to their favourite charity on their behalf.

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DAUGHTERS OF JESUS CIO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

MINISTRY ABROAD: We take up the cause of those who have no voice or who are victims of injustice ... we support those of our Sisters who are called to share more directly in the lives of the least privileged.” RL17

The Sisters’ overseas outreach these days normally takes the form of carefully targeted charitable giving to specific agencies whose expertise and concern matches the Charity’s objectives, since they can do what we no longer can. When the Sister working in South America is home on her biannual leave, she is completely supported during two months by the District.

In planning the activities for the Charity, the Trustees pay due regard to the Charity Commission guidance on Public Benefit.

ACHIEVEMENTS AND PERFORMANCE CHARITABLE GIVING

“In a world characterised by unequal distribution of wealth we consider it a duty of justice ... to share our goods with those who are most deprived.” RL51

As part of an international Congregation, the Charity participates in the strategic planning process of both District and General Chapters, majority policy-making events which occur every six years. In 2016 the international governing body of the Congregation, the General Chapter, developed and reaffirmed guidelines established in 2004, 2010, 2016 and 2022 to determine priorities for the following six years.

The District Council has the task of maintaining the strategic direction set by these General Chapter guidelines. They provide a basis for the Council’s recommendationsto the Trustees. In the English District each community, as well as the Charity as a whole, finds its own way of implementing these operations.

The Charity’s giving responds to a wide spectrum of need at local, national and international levels. The Trustees believe that this is a vital aspect of the public benefit offered by the Charity.

Further charitable giving

The Sisters continue to provide further charitable giving through supporting projects which comply with criteria such as demonstrated need, transparency, efficacy, accountability and sustainability, The Sisters can enable other organisations, as well as their own Sisters overseas, to realise many objectives which they can no longer directly achieve themselves. The eight main categories of donation correspond to the aims of the Charity in the following fields. Our giving aims to maintain a balance across this spectrum both at home and abroad:

Each of these fields, in one way or another, meets the Gospel injunction to care for those in need. Eachin its way contribute to the advancement of religion since it forms an integral part of the Gospel message.

The Charity continues to donate £1,000, via standing order to 9 established charities working in these fields. This ensures systematic giving to a very diverse range of causes in line with the Charity’s Trust Deed. The Trustees review, amend and update these commitments annually.

A recent meeting of The Trustees suggested that Ecology was added to the list. The Congregation at an international level has undertaken to make a concentrated effort to make WATER a priority as a project for all to be involved in by supporting projects in the areas where we are situated. In District England we have undertaken to support WATER AID sending a regular donation to this charity

The Charity finds that it is being led to use its resources for grant-making. Its personnel therefore must acquire the essential skills and competences to manage and monitor a sound, just and comprehensive system. The Trustees are giving thought to this increasing demand on their expertise. Long term sustainability has been a key criterion in the choice of these projects, so grants are frequently committed over a period of 3 or more years.

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DAUGHTERS OF JESUS ClO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

HUMANITY — We continue to support the David Nott Foundation working in war torn countries by training doctors and surgeons. So far they have trained 1800 Doctors, delivered 61 courses in over 17 countries. We continue to support MSF who use training provided by The David Nott Foundation.

Carers Worldwide like the Carers in the UK provide a valuable support to those who are at home and not in an institution. The support will be for 3 years.

RELIGION — The Tablet Trust, a RC Catholic weekly periodical appealed for help in order to promote religious formation in universities and schools. We are supporting two retired priests by paying for a subscription for them.

SOCIAL WELFARE — With no Daughter of Jesus receiving the winter fuel allowance in Nov/ Dec 2024 we were unable to be generous with the food voucher donations as in previous years. . We maintained the link between the local RC Secondary School, the RC Primary School and the local RC Church Welfare group. We also responded to an appeal from the Church, for a family in severe difficulties where the mother was showing signs of being suicidal.

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HEALTH — A generous donation was made to The Leprosy Mission to help fund a training school for nurses working with Leprosy. This donation was given in the hope it would inspire a member of The Daughters of Jesus who worked for the WHO, now coping herself with medical issues, would feel she was doing something to help others.

Key financial performance indicators

FINANCIAL REVIEW

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Asset Management

The charity’s assets were managed by one investment house, Rathbones, providing for all the present needs of the Charity, including the long-term care of the sisters in Nursing Homes and the annual Charitable contributions within and beyond the Congregation.

Income

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In 2024/25 the total income was £570,660 compared to £536,497 in 2023/24. The majority of this income is from returns on the equity market, £403,003 (£369,688 2023/24) and from state and professional pensions donated by the Sisters to the charity, £164,740 (£161,866 2023/24).

Expenditure

In 2024/25 the total expenditure was £900,230 compared to £863,552 in 2023/24, in maintaining the Sisters and enabling them to carry out their various activities. The daily living costs of the Sisters, which includes the communities and nursing care is largely covered by their pooled pensions and incomes from Rathbones investments. The general ongoing expenditures in the year 2024/25 were Nursing Care £548,168 (£450,073 2023/24), Community Cost £178,990 (£174,276 2023/24) and Raising Funds £75,105 (£78,759 2023/24). Donations and support of missions were £76,160 (£133,115 2023/24).

Fraud

There has been no reported instances of fraud.

Property

The 2 community flats in Peterborough were both sold in September 2024. The large Victorian house in Westgate on Sea was in the process of being sold at the end of the financial year, with completion on 11th April 2025 for value £950,000. The one remaining property is Hengist House, in Westgate on Sea, which is the centre of ongoing administrative operations for the ClO and which has been recently valued by Savills at £550,000.

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DAUGHTERS OF JESUS CIO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Reserves policy

“The temporal goods that God has given you are not just for you .... Take what is necessary for yourself, but the rest must be shared among the poor” RL.p.58

As at 31 March 2025 the total funds comprised:

General Funds 661,630
Designated funds: Pensions and Annuity 13,000,000
Fixed Assets 1,625,820
Repair Fund 250,000
Legacy 200,409
Donation/Pledges
Dowry		 84,000
1,822
£15,823,272

General funds

These funds are available to support the life and work of the 11 Sisters in the future. This figure needs to be considered in the light of an estimated £897k annual expenditure in 2025/26 and beyond. This reserves policy has been established in view of the age profile of the Sisters (11 Sisters, average age 90) and the need to support them throughout the inevitable dependence of their later years.

Pensions and Annuity

This is capital set aside to generate income to assure the Nursing Home fees for the elderly sisters in the future.

Fixed Assets

This represents the assets used to support the life and work of the sisters. The properties included are the 2 flats in Peterborough plus the 2 houses in Westgate on Sea, shown at market value, primarily based on the accepted offer price for 3 properties and the valuation report drawn up in March 2021.

Dowries and Legacies

These belong to the Sisters as shown in note 16 of the accounts. These are funds held in trust during the Sister's lifetime.

Repair Fund

The Charity has two large houses in Westgate on Sea, one Victorian and the other post war era that could require costly emergency repair at any time. This fund covers this eventuality.

Donations and Pledges

This is the total of future pledges in 2025/26 and beyond.

Going concern

After making appropriate enquiries, the board of trustees has a reasonable expectation that the charitable organisation has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going-concern basis in preparing the financial statements. Further details regarding the adoption of the going-concern basis can be found in the Accounting Policies.

Investment policy The charity has a total portfolio of investments with a market value of £13,963,197 (£14,070,018 in 2023/24).

it is the purpose of the investments to be held for the long term. In line with this expectation, there will be a rise and fall in the value of the investments. As noted above, the investments are managed by Rathbones. They operate within specific guidelines which are set and regularly reviewed by the Trustees. Fund management is compliant with the Trustee Act 2000. In September 2022, Mr N Muston was reappointed as a trustee, who has experience in this area.

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DAUGHTERS OF JESUS CIO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Charity’s policy is to maintain an appropriate balance between capital growth and income, so that in the long term the real value of assets will be maintained. This policy is designed to ensure that the future care of the primary beneficiaries of the Charity is protected and that its charitable objectives can continue to be realised.

It is getting harder for the sisters to live within the constraints of their monthly income from the state and professional pensions, and dividends from investments. The majority of sisters now live in nursing homes. The fees for nursing care has risen considerably. The general monthly income just covered the monthly cost of this. The Charity planned for this and has built up cash reserves and investments to call on to cover any cashflow deficits. To date the charity has been able to use the cash held at the bank. If and when there comes a time when there is not sufficient cash funds then drawdowns will be made on investments to cover any further activity, such as provision for nursing home care or major charitable support for initiatives in line with the Charity’s objectives — hence the Trustees’ agree the designated reserves for care of the elderly should remain at £13,000,000. This will continue to be reviewed as the community houses are sold and the congregation shrinks.

Ethical policy

“We collaborate with others to build a world of greater justice and brotherhood, where the freedom and dignity of all will be restored.” RL10

The Sisters take seriously their commitment to justice, non-violence and care of the environment. This year we have reviewed the ethical policy for investment which is in keeping with charity law while avoiding, where possible, investments which have specific negative social or environmental impact, or conflict with Church teaching. The Fund manager observes these restrictions while maintaining a strategy to maximise total returns, income and capital within acceptable levels of risk.

An active, practical concern for the environment and protection of the planet forms a basic part of the Sisters’ lives and finds multiple expressions.

The ClO has an auto enrolment pension scheme for all employees.

Principal risks and uncertainties

As part of a program of greater active participation in the governance of the Charity, the Trustees have assumed direct responsibility for conducting the annual risk assessment required by SORP 2015. The contact with the entire District offers the opportunity of greater insight into the daily realities of the life of the Charity. The Trustees are satisfied that all appropriate, feasible measures have been put in place to reduce the risks to which the Charity is exposed.

« GENERAL HOUSEHOLD/PERSONAL RISK: Each local house was reviewed, looking particularly at health and safety issues and home security. They specify the steps taken to mitigate any identified risk. There is currently a greater awareness of the risks presented by the presence of very frail elderly in the communities. Shiria Halsey, previous trustee, has many years of experience in this area. The particular risk created by dependence on drivers of advancing age and uncertain health is kept in mind and alternatives to car travel found where possible. As a response to this we have now reduced the car fleet to 2 vehicles.

¢ PROPERTIES: The large Victorian Property is about to be sold leaving one smaller house on the sea front. The effects of storms and sea air means provisions has to be made for maintenance.

« SAFEGUARDING: Employees and Trustees are subject to a Disclosure and Barring System. Others, in the community are recognised as volunteers. The previously existing safeguarding structure for Religious in England and Wales was integrated with the diocesan structure of the Catholic Church. In December 2021 the Daughters of Jesus took up full membership of the Religious Life Safeguarding Services. The Sisters keep abreast of safeguarding developments. With Mrs Halsey’s mandate of 4 years now terminated another person has to be sought. This is not proving an easy task, even with the offer of a retaining fee. « FINANCIAL: For their part, the Trustees are acutely aware of their responsibilities regarding financial management and the need to maintain robust internal and external security measures. Regular reports are received from the Fund manager and the Finance Officer reports at each meeting. The Trustees meet the Fund manager at least twice a year to review the portfolios and policies. Awareness of fraud and scams is highlighted throughout the district.

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DAUGHTERS OF JESUS CIO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

¢ COMPLIANCE/UPDATING: The District Leader and the Finance officer routinely attend the three-day residential conference held each year by the Association of Provincial Bursars (APB) to remain abreast of statutory requirements. Also the District Leader attends the Annual Catholic Charity Day Conference at Westminster. Any newly appointed Trustees and employees would be invited to these and to other updating seminars. This year the District Leader has been attending workshops organised by COR for small Religious orders who can foresee a lack of personnel to undertake leadership roles. This year both the RLSS and CSSA have organised conferences which were attended by the CIO to ensure that safeguarding training is available to all. Some of the Trustees have profited to follow on line training workshops. The newly appointed Safeguarding lead will embed safeguarding procedure in the charity.

¢ GOVERNANCE: As noted above, the Trustees applied for and received CIO status in October 2013. This status offers assurance of a simpler and more appropriate structure for the future governanceofthe Charity.

The results of the risk assessment exercise are recorded in the Risk Register held in the District Leader's Office. A formal annual review of full insurance provision takes place in September with the Charity’s Insurance Broker.

Fundraising

The Charity does not undertake any public fundraising. The costs of raising funds included within the accounts relate wholly to investment managers fees.

PLANS FOR FUTURE PERIODS

“We remain attentive to the signs of the times and the appeals of the Church.” RL12

In the future the charity plans to continue downsizing and rehousing the Sisters in residences suitable to their needs and ability as required. In the year 24 ~— 25, 2 sisters died and 1 sister moved into an assisted living complex, although 1 active sister relocated to us from France.

We are currently working with Stone King, our legal advisors, to redraft our constitution to better meet the needs of the CIO as the charity downsizes and reduces the scope of its operations.

Post Covid

Every effort has been made to return to face to face Trustee Meetings after Covid Restrictions were lifted but where other situations have arisen, such as train strikes, Zoom meetings were used. To make it easier for the majority of Trustees to attend meetings in person; with one Trustee having a mobility problem, her attendance will be by ZOOM.

It was decided to maintain the FCJ Spirituality Centre in Somers Town area of North London as the main location for trustee meetings but if extraordinary circumstances dictate a change of venue then a meeting via Zoom will be held.

The Sisters continue to follow any safe-keeping guidance issued by the care homes or in their assisted residences.

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DAUGHTERS OF JESUS CIO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Auditors

During the year, the charity's auditor changed from Burgess Hodgson LLP to Burgess Hodgson Audit Limited following a change in legal structure of the audit firm. The responsible individual remains the same. This was their fourth audit of Daughters of Jesus CIO.

Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

By order of the board on

Sister Mary Clare Mason District Leader

For the Trustees

2 -

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DAUGHTERS OF JESUS CIO

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

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DAUGHTERS OF JESUS CIO

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF THE DAUGHTERS OF JESUS CIO

OPINION

We have audited the financial statements of The Daughters of Jesus CIO (the ‘charity’) for the year ended 31 March 2025 set out on pages 14 to 37. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

OTHER INFORMATION

The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements do not cover the other information and we do not express any form of assurance conclusion thereon.

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DAUGHTERS OF JESUS CIO

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees’ responsibilities statement, the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we have considered; the nature of the industry, control environment and business performance with particular reference to the Company's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets.

We also consider the results of our enquiries of management, relating to their own identification and assessment of the risks of irregularities and possible related fraud. This includes reviewing available documentation on their policies and procedures and performing tests of controls to evidence their effectiveness.

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DAUGHTERS OF JESUS CIO

Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising income around the year end, posting of unusual journals and manipulating the Company's performance measures to meet remuneration targets and bank covenants. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We ensure we have an understanding of the relevant laws and regulations and remain alert to possible noncompliance throughout the audit.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

USE OF OUR REPORT

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

DBreves S \ odg soy / \ uch Livcted Stuart Harris

For and on behalf of Burgess Hodgson Audit Limited

Chartered accountants & statutory auditor

Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN

7/4 /25°

Page 13

DAUGHTERS OF JESUS CIO

STATEMENT OF FINANCIAL ACTIVITIES

(incorporating income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Total Total
funds funds funds
2025 2025 2024
Note £ £ £
INCOME FROM:
Donations 2 2,917 2,917 4,943
Donated pensions ofmembers 2 164,740 164,740 161,866
Investment income
Listed investment income 3 403,003 403,003 369,688
Bank interest 3 - - -
TOTAL INCOME 570,660 570,660 536,497
EXPENDITURE ON:
Raising funds:
Fundraising activities 4 75,105 75,105 78,759
Charitable activities:
Nursing care establishments 5 548,168 548,168 450,073
Communityhouses 5 178,990 178,990 174,276
Provision of pastoral and parishwork 5 6.824 6.824 13.957
Ministryand support ofmembers ofthe Order 5 14.983 14.983 13.373
Donationsand support of missions 5 76.160 76.160 133.115
TOTAL EXPENDITURE 7 900,230 900,230 863,552
NET EXPENDITURE BEFORE INVESTMENT
GAINS/(LOSSES) (329,570) (329,570) (327,055)
Net gains/(losses) on investments (150,462) (150,462) 858.369
NET INCOME /(EXPENDITURE)BEFOREOTHER
RECOGNISEDGAINSANDLOSSES (480,032) (480,032) 531,313
Gains on revaluations ofassets - - 263,000
NET MOVEMENT IN FUNDS (480,032) (480,032) 794,313
RECONCILIATIONOF FUNDS:
Total funds broughtforward 16,303,304 16,303,304 15,508,990
TOTALFUNDSCARRIEDFORWARD 15,823,272 15,823,272 16,303,304

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 17 to 37 form part of these financial statements.

Page 14

DAUGHTERS:OF JESUS CIO

BALANCE SHEET AS AT 31 MARCH 2025

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Note|£|£|£|£| |FIXED|ASSETS| |Tangible|assets|12|1,518,310|1,625,820| |Investments|13|13,963,197|14,070,018| |CURRENT ASSETS| |Debtors|14|20,741|39,274| |Cash|at|bank|and|in|hand|387,298|640,375| |~~|408,039|679,649| |CREDITORS:|amounts|falling|due|within| |one|year|15|(66,274)|(72,183)| |NET CURRENT ASSETS’ (LIABILTIES)|341,765|607,466| |NET ASSETS|15,823,272|16,303,304| |CHARITY|FUNDS| |Unrestricted|funds|16|15,823,272|16,303,304| |TOTAL FUNDS|15,823,272|16,303,304|

----- End of picture text -----

The financial statements were approved by the Trustees on 22 September 2025 and signed on their behalf, by:

Sister Mary Clare Mason District Leader

The notes on pages 17 to 37 form part of these financial statements.

Page 15

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

  1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to providea ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1st April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

The Daughters of Jesus CIO constitutes a public benefit entity as defined by FRS 102.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

1.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income tax recoverable in relation to investment income is recognised at the time the investment

Page 17

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Raising funds are costs incurred on investment activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Charitable activities are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

1.5 Going concern

At 31 March 2025 the charity had net current assets of £341,765. For this reason, the trustees believe preparation of the accounts on a going concern basis is appropriate.

1.6 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 20% reducing balance Fixtures and fittings - 15% reducing balance

Freehold property is not depreciated as it is held at valuation.

1.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities.

1.8 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Page 18

DAUGHTERS OF JESUS ClO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES (continued)

1.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.12 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.13 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of financial activities.

1.14 Pensions

The charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Page 19

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. INCOME FROM DONATIONSAND LEGACIES
Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Donations 2,917 2,917 4,943
Donated pensions ofmembers 164,740 164,740 161,866
/
Total donations and legacies 167,657 167,657 166,809
Total 2024 166,809 166,809
3. INVESTMENTINCOME
Unrestricted
funds		 Total
funds		 Total
funds
2025 2025 2024
£ £ £
Listed investment income 403,003 403,003 369,688
Bank interest J a 3
Total 403,003 403,003 369,688

In 2025 of the total investment income, all income was to unrestricted funds.

  1. RAISING FUNDS
Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Investment management costs 68,558 68,558 60,236
Exchange losses/ (gains) (2,334) (2,334) 11,722
Support costs 8,881 8,881 6,801
Total 75,105 75,105 78,759

In 2025 all of the total expenditure derived from unrestricted funds.

Page 20

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. RESOURCES EXPENDED -
CURRENTYEAR Direct Support 2025 2024
costs costs
£ £ £ £
Cost of generating funds
Investment management costs 68,558 8,881 77,439 67,037
Exchange losses /(gains) (2,334) . (2,334) 11,722
66,224 8,881 75,105 78,759
Charitable activities
Maintenance of members
Nursing care establishments §41,377 6,791 548,168 450,073
541,377 6,791 548,168 450,073
Community houses
Medical and healthcare 2,059 - 2,059 19,693
Food, board& personal
Travel		 20,606
8,241		 -
-		 20,606
8,241		 18,398
7,953
Maintenance of buildings 48,093 - 48,093 50,242
Running costs 13,092 - 13,092 14,531
General expenses 951 - 951 509
Professionalfees 24,983 - 24,983 11,883
Depreciation 5,250 - 5,250 5,819
Wages and salaries 9,742 - 9,742 10,044
Support costs 45,973 45,973 35,205
133,017 45,973 178,990 174,277
Provision of pastoral and parish work
Pastoral 4 4 29
Travel * A A
Loss/(Profit) on sale oftangible
assets		 (1,881)
,		 (1,881)
‘		 2112
Formation & Cult 5,111 5,111 8,691
Interest payable 1,500 1,500 1,525
Support - 2,090 2,090 1,600
4,734 2,090 6,824 13,957

Page 21

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

RESOURCES EXPENDED -
CURRENTYEAR (continued) Direct Support 2025 2024
costs costs
£ £ £ £
Ministry and support ofmembers
of the Order
Travel
Congregation		 3,532
10,406		 -
1,045		 3,532
11,451		 4,636
8,736
Donations (Generalate) - - - -
Exchange losses - - - -
13,938 1,045 14,983 13,373
Donations and support of missions
Donations and support of missions 73,025 3,135 76,160 133,115
Travel - hi - r
73,025 3,135 76,160 133,115
Total 832,315 67,915 900,230 863,552
Analysis2024 811,545 §2,007 863,552

Page 22

DAUGHTERS OF JESUS CiO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. RESOURCES EXPENDED -
PRIORYEAR Direct Support 2024 2023
costs costs
£ £ £ £
Cost of generating funds
Investment managementcosts 60,236 6,801 67,037 66,755
Exchange losses / (gains) 11,722 - 11,722 (13,636)
71,958 6,801 78,759 53,118
Charitable activities
Maintenance of members
Nursing care establishments 444,872 5,201 450,073 296,528
444,872 5,201 450,073 296,528
Community houses
Medical and healthcare 19,693 - 19,693 25,889
Food, board& personal
Travel		 18,398
7,953		 -
-		 18,398
7,953		 24,427
14,362
Maintenance of buildings 50,242 - 50,242 21,857
Running costs 14,531 : 14,531 19,493
General expenses 509 - 509 708
Professional fees 11,883 - 11,883 6,735
Depreciation 5,819 - 5,819 5,530
Wages and salaries 10,044 - 10,044 10,745
Support costs 35,205 35,205 38,093
139,071 35,205 174,277 167,839
Provision of pastoral and parish work
Pastoral 29 29 -
Travel é s 3
Loss/(Profit) on sale oftangible
assets		 2112
:		 2112
‘		 (8286)
,
Formation & Cult 8,691 8,691 8,891
Interest payable 1,525 1,525 1,576
Support - 1,600 1,600 819
12,357 1,600 13,957 3,001

Page 23

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

RESOURCESEXPENDED—PRIOR
YEAR(continued) Direct Support 2024 2023
costs costs
£ £ £ £
Ministry and support ofmembers
of the Order
Travel 4,636 - 4,636 2,032
Congregation 7,936 800 8,736 14,854
Donations (Generalate) - - - 2,458
Exchange losses - - - -
12,572 800 13,372 19,344
Donationsand support of missions
Donations and support of missions 130,715 2,400 133,115 119,700
Travel - 4 - “!
130,715 2,400 133,115 119,700
Total 811,545 52,007 863,552 659,530
Analysis2023 603,619 55,911 659,530

Page 24

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DAUGHTERS OF. JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. ANALYSIS OF EXPENDITURE-BY-EXPENDITURETYPE ANALYSIS OF EXPENDITURE-BY-EXPENDITURETYPE ANALYSIS OF EXPENDITURE-BY-EXPENDITURETYPE —- CURRENT YEAR CURRENT YEAR
Staffcosts
2025		 Depreciation
2025		 Othercosts
2025		 Total
2025		 Total
2024
£ £ £ £ £
Expenditure on fundraising
acivilles 3,184 . 74,921 75,105 78,759
Costof raisingfunds 3,184 - 71,921 75,105 78,759
Maintenance of members 2,436 - 545,732 548,168 450,073
Community houses 16,486 5,250 157,254 178,990 174,276
Provision of pastoral and
parish work 749 - 6,075 6,824 13,957
Ministry and support of
members ofthe Order 375 : 14,608 14,983 13,373
Donations and support of
missions 1,124 : 75,036 76,160 133,115
Charitable activities 21,170 5,250 798,705 825,125 784,793
Total 2024 24,354 5,250 870,626
~		 900,230
ro
© on		 863,552
,
25,321		 5,819 832,412 863,552

Page 27

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. ANALYSIS OF EXPENDITURE-BY-EXPENDITURETYPE ANALYSIS OF EXPENDITURE-BY-EXPENDITURETYPE ANALYSIS OF EXPENDITURE-BY-EXPENDITURETYPE TYPE — PRIOR YEAR
Staffcosts
2024		 Depreciation
2024		 Othercosts
2024		 Total
2024		 Total
2023
£ £ £ £ £
Expenditure on fundraising
a 1,998 : 76,761 78,759 53,118
Costofraisingfunds 1,998 —— - 76,761 78,759 53,118
Maintenance ofmembers 1,528 - 448,545 450,073 296,528
Community houses 20,385 5,819 148,072 174,276 167,840
Provision ofpastoral and
parish work 470 - 13,487 13,957 3,001
Ministryand support of
members of the Order 235 - 13,138 13,373 19,344
Donations and support of
missions 705 - 132,410 133,115 _ 119,700
Charitable activities 23,323 5,819 755,651 784,793 606,411
25,321 5,819 832,412 863,552 659,530
Total 2023
39,157 5,530 614,842 659,530

8, GOVERNANCE COSTS

Unrestricted Total funds Total funds
funds 2025 2024
£ £ £
Audit and accountancy fees 9,646 9,646 7,730
Professional fees 10,707 10,707 5,637
Travel 304 304 1,502
Wages and salaries 14,613 14,613 9,166
Insurance 1,683 1,683 1,678
Total 36,953 36,953 25,713

Page 28

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. NET INCOME/(EXPENDITURE) This is stated after charging/(crediting):

2025 2024
£ £
Depreciation oftangible fixed assets: 4,092 5,819
-
Owned by the charity
Exchange losses /(gains) on foreign currency (2,334) 11,722
Loss / (gains) on sale oftangible assets (1,881) 2,122
10. AUDITORS' REMUNERATION
2025 2024
£ £
Fees payable to the charity's auditor and its associates for the audit of 7,537 7,464
the charity's annual accounts
Fees payable to the charity’s auditor and its associates in respect of:
All Other non-audit services - -
11. STAFF COSTS
Staffcosts were as follows:
2025 2024
Wagesand salaries 43,045 26,763
Social security costs including Employers’ allowance refund = -
Other pension costs 5,664 7,725
48,709 34,488
The average number ofpersons employed by the charity during the yearwas as follows:
2025 2024
No. No.
Supportstaff 2 2

No employee received remuneration amounting to more than £60,000 in either year.

There are no key management personnel.

As members of the order, trustees’ living expenses during the year were borne by the charity, but the trustees received no remuneration or other benefits in connection with their duties as trustees during the year. Trustee indemnity insurance has been purchased at a cost of £1,683 (2024: £1,683). Travel expenses and consultancy fees paid to trustees amounted to £304 in 2025 (2024: £757).

Page 29

DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. TANGIBLE FIXED ASSETS

Freehold Motor Fixtures and
property vehicles fittings Total
£ £ £ £
Cost or valuation
At 1 April2024 1,600,501 31,434 28,543 1,660,478
Additions - - - -
Disposals (100,501) (7,295) (2,878) (110,674)
At 31 March 2025 1,500,000 24,139 25,665 1,549,804
Depreciation
_—
At 1 April 2024
-
18,397
16,260
34,657
Charge forthe year - 2,327 1,765 4,092
On disposais - (5,895) (1,360) (7,255)
At 31 March 2025 - 14,829 16,665 31,494
Net book value
At31March 2025 41,500,000 9,310 9,000 1,518,310
~
At 31 March 2024 4,600,501 13,037 12,283 1,625,821

All freehold property is held for direct charitable purposes and comprises residential properties used to house members of the Order. All other assets are used for direct charitable purposes.

In 2024/25, the sale of both flats in Lincoln Gate, Peterborough was completed. The large Victorian house, 63 Sea Road, Westgate on Sea, was sold, subject to completion after the end of[the][financial][year] on 11'* April 2025. All the furniture in this large house had already been disposed of. The remaining freehold property, 2 Carlton Road West, Westgate on Sea, was professionally valued on 17 April 2025 on an open market value basis at £550,000 by Savills (UK) Ltd, Chartered Surveyors, in accordance with guidelines set out by the Royal Institution of Chartered Surveyors.

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DAUGHTERS OF JESUS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13. FIXED ASSET INVESTMENTS

Listed
securities
£
Market value
At 1 April 2024 14,070,018
Additions 3,581,434
Disposals (4,134,791)
Revaluations (144,480)
Transfer a
Cash balancesmovement 591,016
At31 March2025 al
Historical cost 12,073,782
Investments at marketvalue comprise:
UK Overseas 2025 2024
£ £ £ £
Listedinvestments 7,487,722 6,475,475 13,963,197 14,070,018

14. DEBTORS

2025 2024
£ £
Other Debtors : 449
Prepayments and accrued income 20,741 38,825
20,741 39,274
15. CREDITORS:Amounts falling duewithin one year
2025 2024
£ £
Trade Creditors 13,938 35,663
Other taxation and social security 1,457 72
Othercreditors 12,045 1,463
Accruals and deferred income 38,834 34,985
66,274 72,183

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at|Income|Expenditure|Transfers|Gains/|Balance|at| |1|April|in/out|(Losses)|31|March| |2024|2025| |£|£|£|£|£|£| |Designated|Funds| |Pension|and|annuity|13,000,000|-|-|-|-|13,000,000| |Dowry|2,277|28|-|(483)|-|1,822| |Legacy|204,201|2,999|(1,499)|(5,292)|-|200,409| |Fixed|Assets|1,625,820|-|oe|-|-|1,625,820| |Repair|fund|250,000|-|-|-|-|250,000| |Donation|pledges|84,000|-|-|-|-|84,000| |-| |15,166,298|3,027|(1,499)|(5,775)|-|15,162,051| |General|funds| |General|funds|1,137,006|567,046|(894,703)|0|(148,128)|661,221| |Total|unrestricted| |funds|16,303,304|570,073|(896,202)|(5,775)|(148,128)|15,823,272| |Total|of funds|16,303,304|570,073|(896,202)|(5,775)|(148,128)|15,823,272|

----- End of picture text -----

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. STATEMENT OF FUNDS (continued) STATEMENT OF FUNDS - PRIOR YEAR

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at|Income|Expenditure|Transfers|Gains/|Balance|at| |1|April|in/out|(Losses)|31|March| |2023|2024| |£|£|£|£|£|£| |Designated|Funds| |Pension|and|annuity|13,000,000|-|(55,655)|(726,461)|782,117|13,000,000| |Dowry|2,579|34|-|(335)|-|2,277| |Legacy|209,759|3,049|(1,525)|(7,082)|.|204,201| |Fixed|Assets|1,370,714|-|(7,931)|38|263,000|1,625,821| |Repair|fund|250,000|-|-|-|-|250,000| |Donation|pledges|110,000|-|-|(26,000)|-|84,000| |14,943,050|3,083|(65,111)|(759,840)|1,045,117|15,166,299| |General|funds| |General|funds|565,940|533,413|(798,441)|759,840|76,252|1,137,005| |Total|unrestricted| |funds|15,508,991|536,497|(863,552)|_|-|1,121,369|16,303,304| |Total|of funds|15,508,991|536,497|(863,552)|-|1,121,369|16,303,304|

----- End of picture text -----

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total| |Funds|funds| |2025|2025| |£|£| |Tangible|fixed|assets|1,518,310|1,518,310| |Fixed|asset|investments|13,963,197|13,963,197| |Current|assets|408,039|408,039| |Creditors|due|within|one|year|(66,274)|(66,274)| |15,823,272|15,823,272|

----- End of picture text -----

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|Total| |Funds|funds| |2024|2024| |£|£| |Tangible|fixed|assets|1,625,820|1,625,820| |Fixed|asset|investments|14,070,018|14,070,018| |Current|assets|679,649|679,649| |Creditors due|within|one|year|(72,183)|(72,183)| |16,303,304|16,303,304|

----- End of picture text -----

18. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Net|income/(expenditure)|for|the|year|(as|per|Statement|of|Financial| |Activities)|(480,032)|531,313| |Adjustment|for:| |Depreciation|charges|5,250|5,819| |Unrealised|(Gains)|/|losses|on|investments|150,461|(842,032)| |(Gain)/Loss|on|sale|of|fixed|assets|(1,881)|2,112| |Exchange|movement|(2,334)|11,721| |Decrease/(increase)|in|debtors|18,533|12,975| |(Decrease)/increase|in|creditors|(5,909)|(21,438)| |Net cash|provided|by|operating|activities|(315,912)|(299,530)|

----- End of picture text -----

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DAUGHTERS OF JESUS CIO

19. ANALYSIS OF CASH AND CASH EQUIVALENTS

2025 2024
£ £
Cash in hand 387,298 640,375
Held within investment portfolio 603,593 12,578
Total 990,891 652,953

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. ANALYSIS OF NET DEBT

----- Start of picture text -----
At 1 April At 31 March
2024 Cash flows 2025
£ £ £
Cash at bank and in Hand 652,292 (264,994) 387,298
652,292 (264,994) 387,298
----- End of picture text -----

  1. RELATED PARTY TRANSACTIONS

There have been no related party transactions in the year.

  1. DONATIONS The charity made donations to individuals and organisations during the year amounting to £73,025 (2024: £130,715).

The following causes were supported: children, disasters, education, homeless, medical needs, mentally handicapped, needy families, physically handicapped, priests, prayer and worship, refugees and prisoners.

Specific single donations over £1,000 totalling £62,000, (2024: £122,133) were made to the institutions listed below for support of work in the following areas:

National International
£ £
Development
Manna Society 1,000
Total Development 1,000 -
Education
Margaret Beaufont Institute 5,000
Total Education 5,000
Health
Alzheimer's Society 1,000
Cancer Research 1,000
Hospice UK 1,000
Médecins Sans Frontiéres 1,000
Medical Aid Palestine 1,000
The Leprosy Mission 1,000
TotalHealth 4,000 2,000

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

22. DONATIONS (continued)

----- Start of picture text -----
National International
£ £
Humanity
The David Nott Foundation 11,000
Carers Worldwide 10,000
Habitat for Humanity 10,000
Housing Justice 1,000,
Total Humanity 32,000
Social Welfare
Advance 10,000
Emmaus UK 1,000
Go Beyond (formerly CHICKS) 1,000
Prison Advice 1,000
Total Social Welfare 13,000 -
Environmental
PECT 5,000
Total Environmental 5,000 »
Total 60,000 2,000
----- End of picture text -----

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