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2024-12-31-accounts

Daughters of Mary and Joseph Congregation Fund CIO

Annual Report and Accounts

31 December 2024

Charity Registration Number 1163470

Contents

Reports

Reports
Reference and administrative details of
the charity, its trustees and advisers 1
Trustees’ report 3
Independent auditor’s report 20
Accounts
Statement of financial activities 25
Balance sheet 26
Statement of cash flows 27
Principal accounting policies 28
Notes to the accounts 32

Daughters of Mary and Joseph Congregation Fund CIO

Reference and administrative details of the charity, its trustees and advisers

Trustees Sister Helen Lane (Chair until 30 September 2024)
Mr Ronald Huggett
Mr Phillip Jukes
Sister Annette Lawrence
Sister Marie Claire Nakayiza (Chair from 30 September
2024)
Sister Paula Spark
Sister Anastazia Asiimwe (appointed 30 September 2024)
Sister Pascazia Kinkuhaire (appointed 30 September 2024)
Sister Helen Patricia Pearson (appointed 30 September
2024)
Superior General Sister Helen Lane (Until 30 September 2024)
Sister Marie Claire Nakayiza (From 30 September 2024)
General Bursar Sister Louise Kwizera (Until 1 December 2024)
Sister Olivia Darkoa Bucknor (From 1 December 2024)
Administrative address The Regional House
Daughters of Mary and Joseph
Layhams Road
West Wickham
BR4 9QJ
Telephone 07790 382386
Website www.daughtersofmaryandjoseph.org
Facebook Daughters of Mary and Joseph
Charity registration 1163470
number
Auditor Buzzacott Audit LLP
130 Wood Street
London
EC2V 6DL
Principal bankers The Royal Bank of Scotland plc
PO Box 412
62/63 Threadneedle Street
London
EC2R 8LA

Daughters of Mary and Joseph Congregation Fund CIO 1

Reference and administrative details of the charity, its trustees and advisers

Solicitors Stone King LLP Boundary House 91 Charterhouse Street London EC1M 6HR Investment managers CCLA Senator House 85 Queen Victoria Street London EC4V 4ET Epworth Investment Management Limited Methodist Church House 25 Tavistock Place London WC1H 9SF

Daughters of Mary and Joseph Congregation Fund CIO 2

Trustees’ report 31 December 2024

The trustees present their annual report together with the accounts of the Daughters of Mary and Joseph Congregation Fund CIO (the charity) for the year ended 31 December 2024.

The accounts have been prepared in accordance with the accounting policies set out on pages 28 to 31 of the attached accounts and comply with the charity’s constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

Introduction and mission

The Daughters of Mary and Joseph (“the Congregation”) (“DMJ”) is a Roman Catholic Religious Congregation founded in Aalst, Belgium in 1817 by Canon Constant William van Crombrugghe. There are currently 168 sisters organised in five Regions (Africa, Belgium, California, England and Ireland). The Congregational Leadership Team (CLT) is the Central Government of the Congregation elected by the sisters. While originally founded for the education of the poor and of middle-class girls, the Congregation has adapted over time and now expresses the Charism of being “instruments of mercy” in many and diverse ministries.

The Daughters of Mary and Joseph Congregation Fund CIO administers the international common fund of the Congregation as well as funds held and raised specifically for the support of the sisters and their ministries in Africa. It is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission with Charity Registration Number 1163470 and governed by its constitution dated 8 September 2015.

Charitable objects

The object of the charity, as set out in its constitution, is the advancement of the Roman Catholic religion through the religious and other charitable work of the Congregation as the trustees with the approval of the Superior General shall from time to time think fit.

The principal aims and activities of the charity cover the following:

When setting the aims of the charity, the trustees have complied with their duty under section 17 of the Charities Act 2011 to have regard to the Charity Commission’s guidance on public benefit. The trustees believe they have demonstrated in detail throughout this report the ways in which the charity has been faithful to this guidance.

Daughters of Mary and Joseph Congregation Fund CIO 3

Trustees’ report 31 December 2024

Activities and achievements

CLT visits and ministry

The Congregational Leadership Team (CLT) was made up of three team members who lived in Ireland, England and Belgium until 30 September 2024 when a new team of five members took over. The new team members live in Belgium, England, California and Uganda and they are very much part of the lives of these Regions.

General Chapter

The General Chapter took place in Ballyvaloo, Ireland from 9 to 25 June 2024 with the theme: Valuing the past, inviting the future... “I am going to do a new thing, now it springs forth”. Is 43:19

During this chapter, Sr. Marie Claire Nakayiza was elected Congregational Leader alongside Srs. Paula Spark, Anastazia Asiimwe, Pascazia Kinkuhaire and Patricia Pearson as team members.

According to the Chapter document, it was marked by a spirit of deep listening, mutual respect and openness to what is new.

The delegates explored the different aspects of our life as Daughters of Mary and Joseph and made the following recommendations:

Centre Piece of the meeting room

  1. The CLT initiate a process of communal discernment in relation to:

  2. ♦ our future presence in the older regions, with awareness of our roots in Belgium;

  3. ♦ our presence across five countries in Africa and operating systems in Africa which would facilitate cohesion and unity; and

  4. ♦ the implications of missioning Sisters from Africa to other Regions.

  5. In the light of emerging social needs, we are urged to evaluate our present ministries and undertake new ones as appropriate

  6. We put in place processes which will support us to deepen our knowledge of the origin, history, spirituality and tradition of our Congregation.

  7. We explore the richness of our different cultural values and endeavour to grow in understanding and respect.

  8. We commit ourselves to live with an ecological consciousness, using our resources sustainably, aware of the cry of the earth and the cry of the poor.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

CLT visits and ministry (continued)

General Chapter (continued)

  1. We ensure that our formation programme at all levels has an adequate number of welltrained and well-resourced formators. We identify specific ways in which all of us can contribute to the work of forma on.

  2. We enter the process of synodality and endeavour to grow in a spirit of deep listening and inclusivity.

  3. Where possible, we plan congregational gatherings, pilgrimages, regional and international in person and Zoom meetings.

  4. We update ourselves as far as possible on emerging forms of communication technology and their implications.

Chapter delegates with Facilitators

CLT Handover

From 27 September to 13 October[,] CLT members were in England for meetings and handover.

The meetings began on the 27 September with a sharing from the outgoing CLT. They shared with the new team their experience of the past five years as the congregation leadership. On the 30[th] they had a handover ritual and some of our sisters in the English Region joined them and blessed the new team in the name of the whole congregation.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

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CLT Handover (continued)
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CLT Handover

Following the handover the new team took some time exploring how they would function as a team. This led them to look at the CLT links to different regions in line with the Governance Structure stipulated in the General Chapter Document 2024. Conscious that each Region’s needs are different and the support they require varies the following was agreed upon.

Life and ministry in Africa

Much of the funding held by the CIO is used to support the life and ministry of the sisters in Africa. This includes providing for the living costs of the sisters where they are doing voluntary work or earn only small salaries. It also means preparing sisters for future ministry through formation and education. There are currently 82 sisters spread across Burundi, Cameroon, Uganda, Ghana, and Kenya.

The year began with the perpetual profession of Sr. Juliette Zabibu M’pute on 11 February 2024 in Bukavu, Democratic Republic of Congo where she comes from.

Some Sisters from Uganda and Burundi travelled to Bukavu for this celebration. They were well received by the Archbishop of Bukavu and the Family of Sister Juliette.

Sister Juliette is the first DMJ from Congo to make perpetual vows.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

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Life and ministry in Africa (continued)
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Sister Juliette and other DMJs at the Profession in Congo

Burundi

A New community (Holy Family Community) in Ngozi was in March 2024 officially opened and blessed together with the Primary school. The Sisters who work in the primary school reside in the community.

Both the Nursery and Primary schools are growing rapidly. The nursery school has enrolment of 381 pupils and 11 teachers while the Primary School has 400 pupils and 17 staff including 5 DMJs.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

Burundi (continued)

École Fondamentale Colette de Bandt

Uganda

Bisheshe Project

The DMJ farm in Bisheshe is a multi-faceted project serving many different needs. It incorporates a dairy farm, a banana plantation and vegetable gardens. Its vision extends beyond progressive farming to supporting and empowering the local population.

Cows Grazing Banana Plantation

The sisters offer counselling and guidance services to our co-workers, Functional Adult Literacy group, school dropouts, couples, children and young adults. Sister Theresa Bateta is spearheading this ministry after qualifying from St Francis counselling Institute as a professional counsellor.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

Uganda (continued)

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Bisheshe Project
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The adult Literacy programme also continues to provide hands on skills to women and men in the area who did not receive formal education.

Over the years, this programme has changed the livelihoods of many especially women and empowered them to take responsibilities in the local church and in their villages. Many of them feel proud of themselves about the skills they have achieved being part of the group.

The group showcasing some of their craft

St Francis Family Helper Project

St Francis Counsellor Training Institute continues to build a legacy of fostering exceptional mental health professionals, equipping counsellors with the skills needed to make a lasting impact on communities, training psychosocial facilitators to use participatory methods in their work with communities.

This year 2024, the project has celebrated several significant events that demonstrate commitment to excellence in counselling, trauma recovery, and mental health awareness. These events include the graduation at Uganda Martyrs University, advanced development resource training by international experts from the Netherlands, staff mental health awareness initiatives, and the annual children's camp—a transformative experience for young minds.

Children at the annual Camp

Maryhill High School

With the DMJs being the founders of Maryhill High School, it has since been long associated with us. Several sisters are past pupils and/or teachers. The school has a population of about 1,500 students from different parts of Uganda and neighbouring countries. There are 4 DMJ involved in the running of the school: Sister Sarah Tumuhimbise the Headmistress, Sister Catherine Nyamata, Teacher of English literature, Sister Diana Kyaringabira Teacher of Maths and Computer studies and the School Counsellor Sister Rosette Kyogabirwe.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

Maryhill High School (continued)

The Sisters and some Students at the school

Coloma Primary School

Coloma Primary School in Uganda continues to grow as the years go by. In 2024 the number of children increased to 440 for the first time. This included a double stream in the top class of 77 children. This was the first time for a double stream in P7. While being happy to have an extra class it created its own logistical challenges of needing double of everything and teachers were kept on their toes.

In January, the PLE results of the previous year’s exams were received. They were very good and Coloma was happy to be second best school in Mbarara city, there are 110 primary schools in the city.

Coloma aims at offering holistic education to the children, a lot of different activities are done alongside academic work.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

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Coloma Primary School (continued)
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Extracurricular activities play a significant role in the school for enjoyment, for exercise and for competition. This year the children participated in maths, sports, music, drama and dance competitions. They performed very well - one girl has reached the East African finals in Maths to be held in Nairobi while another reached the National finals in Netball. Added to these activities two new indoor activities were availed of this year – Scrabble and Debating. These were well appreciated and considered good learning activities for the children.

Children at Break

As part of passing on the Catholic faith, some children received the sacrament of Holy Eucharist and Confirmation. The Archbishop of Mbarara was at the school for this celebration.

The Archbishop and some Priests with the Children

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Trustees’ report 31 December 2024

Activities and achievements (continued)

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Coloma Primary School (continued)
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In response to the needs of our planet earth and the commitment of our Congregation to caring for the environment, a big effort has been made in relation to the disposal of plastic bags and plastic containers. The school has set up a collection system whereby all plastics are gathered together and later sent to a recycling depot in Mbarara town. Also, the primary 6 class undertook the construction of a rainwater harvesting tank using empty plastic soda bottles. These were cemented together forming the walls of the water tank. Presently it is in use for collecting rain water.

Water Tank built with Empty bottles

Mémé, North Cameroon

Here, the sisters work in the parish and run a course for young women during the postharvest season when they are relieved of farm work at home. The course is for three months each year.

In 2024, 53 young women attended the course which aims to help them develop literacy skills, crafts and general life skills with a focus on income generation and independence. These courses keep the young women out of early marriages. Apart from the girl’s apostolate, the sisters are involved in a small way with people living with HIV/AIDs.

At the moment, there are four sisters in Cameroon. The sisters are part of the apostolic team of the Parish and each assumes responsibility for different aspects of the Parish life.

Sewing Class with Sr. Jeanette

As part of their ministry, Sister Jeanette works in the local clinic as a nurse while Sister Anne Marie teaches at the Secondary School in Mémé.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

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Mémé, North Cameroon (continued)
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Some of the craft made by the girls/women

Formation

Postulancy, Ibanda- Uganda

The young women that join the Congregation begin their formation journey in the Postulancy.

The Postulants after performing a dance

In 2024, nine young women were received in Sylvia House, Ibanda. Five from Burundi, two from Uganda, one from Ghana and one from Cameroon. It was a good mix of different cultures.

While in Ibanda, they attend courses at the Catechetical Training Centre nearby and receive inputs from different sisters.

They also engage in other activities such as home visitation, gardening, cooking and needle work.

Sisters Eleonore and Immaculate are in charge of this formation house.

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Trustees’ report 31 December 2024

Activities and achievements (continued)

Nairobi, Kenya

The Novices in Nairobi

The DMJ international novitiate in Nairobi is where the young sisters receive their basic formation and make their first vows.

We had no First Profession in 2024. Ten young sisters completed their spiritual year in September. Nine were sent to different communities for pastoral work and the tenth left the congregation. Five novices are currently in Nairobi for their spiritual year with their formators: Sisters Beatrice, Jacqueline and Pascalia who is also a nurse at a hospital in Nairobi.

Grant making policy

The trustees apply the funds of the charity at their discretion and in accordance with the charitable purposes and objectives of the charity. The amount of work or number of projects that can be supported by the trustees is necessarily limited to the amount of funds that are available for distribution each year.

The trustees have determined that the current priorities for funding are:

The priorities for support will be reviewed by the trustees annually and may be changed depending upon circumstances and the perceived effectiveness of the application of funds. Any change to these priorities must still fulfil the charitable purpose and objectives of the charity.

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Trustees’ report 31 December 2024

Grant making policy (continued)

In awarding grants, the trustees apply the following principles:

Future plans

In the future, the charity aims to achieve its objects by providing funds to support the Congregation’s projects in Africa; assisting with the funding of the sisters’ living and personal expenses, formation, and ministry in Africa; and providing finance for Congregational meetings, Chapters, and other expenses at a Congregational level.

The Vision Statement of the General Chapter of 2024 said:

We live in a world characterised by wars, climate change, natural disasters, political and social instability with millions of people on the move. The cry of the earth and the cry of the excluded and the poor impels us anew to ‘fan into flame’ our charism of mercy. Seen within this global scenario, our mission to be ‘instruments of mercy in the hands of God’ calls for a fresh vitality.

Our Strategic Plan still stands as a way for us to move forward. It is based on the 5 pillars:

This strategic plan along with the Chapter vision and mandate will be our guide over the coming 5 years.

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Trustees’ report 31 December 2024

Fundraising policy

The charity aims to achieve best practice in the way in which it communicates with donors and other supporters. The charity takes care with both the tone of its communications and the accuracy of its data to minimise the pressures on supporters. It applies best practice to protect supporters’ data and never sells data, it never swaps data and ensures that communication preferences can be changed at any time. The charity manages its own fundraising activities and does not employ the services of professional fundraisers. The charity undertakes to react to and investigate any complaints regarding its fundraising activities and to learn from them and improve its service. During the year, the charity received no complaints about its fundraising activities.

Financial review

Results for the period

A summary of the period’s results can be found on page 25 of the accounts.

Total income for the year amounted to £434,179 (2023 – £356,631). Included within this total are donations totalling £242,783 (2023 – £175,190) and investment income totalling £191,396 (2023 – £181,441).

Expenditure in the year totalled £530,359 (2023 – £467,946). Expenditure includes costs in respect to the support of the Congregational Leadership Team and international meetings/administration of £85,788 (2023 – £64,512) and charitable grants, donations and support of missionary work and ministry of £444,571 (2023 – £403,434). Details of charitable grants, donations and support of missionary work and ministry are included in note 4 to the accounts.

Net expenditure for the year before investment gains, therefore, was £96,180 (2023 – £111,315). Investment gains amounted to £244,868 (2023 – £494,128). Hence, there was a net increase in funds for the year of £148,688 (2023 –£382,813).

Investment policy

The charity had two investment managers during the year.

The investment managers work within specific guidelines that are set out and regularly reviewed by the trustees. The investment objectives are to maximise total return through a diversified portfolio and within levels of risk acceptable to the trustees whilst providing a regular level of income advised by the trustees from time to time. The investment managers provide regular reports to the General Treasurer at least bi-annually. These reports confirm also that the ethical requirements stipulated by the trustees have been complied with.

The ethical policy may be summarised as a requirement that funds shall only be invested in companies whose products, services and corporate practices are considered to promote the sanctity and dignity of human life and are not contrary to the Church’s teaching.

Daughters of Mary and Joseph Congregation Fund CIO 16

Trustees’ report 31 December 2024

Financial review (continued)

Investment policy (continued)

The performance of the portfolio reflected the condition of the markets generally throughout the period. The net investment gains for the year to 31 December 2024 totalled £244,868 (2023 – £494,128). The trustees remain satisfied that the portfolio is being managed appropriately relative to the investment objectives and they will continue to monitor movements within the portfolio, to ensure their overall policy is being achieved.

Reserves policy

The trustees are content for the charity to hold several years of anticipated unrestricted fund expenditure as free reserves. The trustees consider this level of free reserves to be acceptable given the charity’s responsibilities, where in the event of an urgent need in any region, immediate financial assistance may need to be provided. The trustees will review this policy as time passes as and when the level and pattern of expenditure alters.

Financial position

The balance sheet shows total funds of £6,512,374 at 31 December 2024 (2023 – £6,363,686). Amounts totalling £6,168,685 (2023 – £6,029,594) are restricted for the purposes explained in note 12 to the accounts.

Funds which are available to support any of the work of the charity in the future (i.e. free reserves) are those shown on the balance sheet as unrestricted funds. These amounted to £343,689 (2023 – £334,092) at 31 December 2023 and represent more than two year’s expenditure on unrestricted funds. This level of reserves is deemed appropriate, and the trustees are content that the charity is a going concern.

Governance, structure and management

Governing document

Daughters of Mary and Joseph Congregation Fund CIO is an incorporated charitable organisation governed by a constitution dated 8 September 2015. It is a registered charity, Charity Registration Number: 1163470.

Member of the CIO

The Superior General is automatically, by virtue of holding that office, ex officio the sole member of the CIO.

Trustees

The charity has eight trustees – the Superior General, the former General Treasurer, four Congregational Councillors and two lay trustees.

The Superior General and Congregational Councillors shall automatically, ex officio, be trustees for as long as they hold their respective offices. The Superior General may appoint additional trustees by a written resolution with such trustees being appointed for such period of office as the Superior General shall determine. The Regional Superior of the Africa Region may nominate to the Superior General either one individual to be appointed as a trustee or one of the existing trustees to represent the interests of the Africa Region.

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Trustees’ report 31 December 2024

Governance, structure and management (continued)

Trustees (continued)

The names of the trustees who served during the period are set out as part of the reference and administrative details on page 1 of this report and accounts.

Statement of trustees’ responsibilities

The trustees are responsible for preparing the trustees’ report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial period which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing the accounts the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with the Charities Act 2011, applicable Charity (Accounts and Reports) Regulations and the provisions of the charity’s constitution. 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.

Structure and management reporting

The trustees are ultimately responsible for the policies, activities and assets of the charity. As a result of the international scope of their work, they meet formally as often as necessary to review developments with regard to the charity or its activities and make any important decisions. The trustees use electronic means to be informed and kept up to date with developments within the Congregation and the charity. When necessary, the trustees seek advice and support from the charity’s professional advisers including investment managers, solicitors and accountants. The day-to-day management of the charity’s activities, and the implementation of policies, is delegated to the appropriate members of the Congregation.

Daughters of Mary and Joseph Congregation Fund CIO 18

Trnst••s' report 31 Dec￿ 2024 Gmrnanc•, structure and managemont Icy)ntinuedl Key maii•gwii• The trustees cLwiderlhat they ah)ne{￿prI5e th8 key management ofthe charity in charge of directing and controlling. running. and operating the oarity on a day-tt>day basis. Th8y receive M remuneration or mim￿r5e￿￿t of 8XFonse5 in cC￿nection with their duties as I￿ste88. Rlsk m•n•gement The tnjstees believe the 8ignificprt rths faciry the th8rity to b8: Fr￿ time to time. the charity donatss $KJnificanl sums overseas In support ofthe widar Congregatlon and other organisations. The vast maj¢xlty of the donauons s6nt ¢y4erneas ar6 to lund rKoiocts administerod directy by members of the Congrogation. The trustees aPways enoure that Ihey ara fully briafed about and ara famlllar with th8 work of a potential r￿1plent of funds that they carry tyjt approprfal8 due dlligenc8 before d8ciding to transfer monies. that pr￿1 of r8ceipl 15 obtained and, wherever possible, a full written report on Ihg use of the funds is reraved. The chartty'8 prlrKlpal •88et ¢orry1868 Ibt•J Inve8knents. the v8lu• of which 18 dependent w ￿Vern￿nts in Ihe UK world stock markets. The Investments are managed by reputs￿e investrnent mar￿er8 adhere lo a Folicy agreed by th$ uslees. The tw$1￿ meat wllh the Investment managers and the manag8rs' perfomiance arKI thal of the portloli08 arn monrtor•J. Tho trustees aim to 8S$6S8 th6 investment 5tr8te9y regularty to ensure it rem8in8 approwlate to the chadty's ne8d8- l)Olh ncAv and tn the future. Govemanc8 risk - there b a ftsk that the trustees. being part of Congregatronal Leadership toam, may have Umllad kn of English chartty law and r8gul8tionB. This Is mrtlgatgd by the appointment of I¥￿ experfencecl lay truslaes and the UBO of advi80rs. The tru5tsos also attend training c￿1n9 or in person where possible. The trustees undertook 8 formal rewew of rtsks in May 2024 and updated the rfsk regi$t8r accordith. Thls conllnues to be reviewed annually. Slgnad on behalf of th8 trustees.. Trustee - Sister Marie Claire Nakayiza proved by Ihe trustees cfft: 19 06 2025 DaL¥Jhters of Mary and Joseph c0ngreg8t1c￿ Funtl CIO 19

Independent auditor’s report 31 December 2024

Independent auditor’s report to the trustees of Daughters of Mary and Joseph Congregation Fund CIO

Opinion

We have audited the accounts of Daughters of Mary and Joseph Congregation Fund CIO (the ‘charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statements of cash flows, principal accounting policies and the notes to the accounts. 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).

In our opinion, the accounts:

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 auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’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

In auditing the accounts, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Independent auditor’s report 31 December 2024

Other information

The other information comprises the information included in the annual report, including the trustees’ report, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the accounts themselves. 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

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report

We have nothing to report in respect of the following matters in relation to which 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 set out on page 18, the trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, 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.

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Independent auditor’s report 31 December 2024

Auditor’s responsibilities for the audit of the accounts

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s 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 accounts.

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:

How the audit was considered capable of detecting irregularities including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

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Independent auditor’s report 31 December 2024

How the audit was considered capable of detecting irregularities including fraud (continued)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Daughters of Mary and Joseph Congregation Fund CIO 23

Independent auditor’s report 31 December 2024

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 auditor's 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 the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Buzzacott Audit LLP

Buzzacott Audit LLP Statutory Auditor 130 Wood Street London EC2V 6DL

Date : 30 June 2025

Buzzacott Audit LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

Daughters of Mary and Joseph Congregation Fund CIO 24

Statement of financial activities Year to 31 December 2024

Notes Unrestricted
funds
£


Restricted
funds
£


Total
funds
2024
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2023
£
Income from:
Donations and legacies
1
Investments and interest receivable
2
Total income
Expenditure on:
Charitable activities
. Support of the Congregational
Leadership Team and international
meetings/administration
3
. Grants, donations and support of
missionary work and ministry
4
Total expenditure
Net (expenditure) income for the year
6
Other recognised gains
Net gains on investments
Net income
Transfers between funds
12
Net movement in funds
Balances brought forward at
1 January 2024
Balances carried forward at
31 December 2024		 15,480
87,138		 227,303
104,258		 242,783
191,396		 12,069
82,606		 163,121
98,835		 175,190
181,441
102,618
331,561
434,179		 94,675 261,956 356,631
85,788
—		 —

444,571		 85,788

444,571		 64,512
8,430		 —
395,004		 64,512
403,434
85,788
444,571
530,359		 72,942 395,004 467,946
16,830
11,411		 (113,010)
233,457		 (96,180)
244,868		 21,733
21,373		 (133,048)
472,755		 (111,315)
494,128
28,241
(18,644)		 120,447
18,644		 148,688

—		 43,106
3,000		 339,707
(3,000)		 382,813
—
9,597
334,092		 139,091
6,029,594		 148,688
6,363,686		 46,106
287,986		 336,707
5,692,887		 382,813
5,980,873
343,689
6,168,685
6,512,374		 334,092 6,029,594 6,363,686

All of the charity’s activities are derived from continuing operations during the above two periods.

All recognised gains and losses for both periods are included in the statement of financial activities.

Daughters of Mary and Joseph Congregation Fund CIO 25

Sister Annette Lawrence

19/06/2025

Charity number: 1163470

Statement of cash flows Year to 31 December 2024

Notes
2024
£
2023
£
Cash flows from operating activities
Net cash used in operating activities
A
Cash flows from investing activities
Investment income and interest received
Payments to acquire investments
Receipts from disposals of investments
Net cash provided by investing activities
Change in cash and cash equivalents in the period
Cash and cash equivalents at 31 December 2024
B
Change in cash and cash equivalents due to exchange rate
movements
Cash and cash equivalents at 31 December 2024
B

(269,270)		 (335,163)
191,634
—
400,000		 182,031
(3,616,634)
3,701,634
591,634 267,031
322,364

214,673
(3,615)		 (68,132)
283,398
(593)

533,422		 214,673

Notes to the statement of cash flows for the year to 31 December 2024

A Reconciliation of net movement in funds to net cash used in operating activities

2024
£		 2023
£
Net movement in funds (as per the statement of financial activities)
Adjustments:
Gains on investments
Exchange rate movements
. On cash
Investment income and interest receivable
Increase in debtors
Increase (decrease) in creditors
Net cash used in operating activities		 148,688
(244,868)
3,615
(191,396)
10,612
4,079		 382,813
(494,128)
593
(181,441)
(10,612)
(32,388)
(269,270) (335,163)

B Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
2024 2023
£ £
Total cash and cash equivalents:cash at bank and in hand 533,422 214,673

No separate statement of changes in net debt has been prepared as there is no difference between the movements in cash and cash equivalents and movement in net cash (debt).

Daughters of Mary and Joseph Congregation Fund CIO 27

Principal accounting policies Year to 31 December 2024

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below:

Basis of preparation

These accounts have been prepared for the year to 31 December 2024 with comparative information provided in respect to the year to 31 December 2023.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.

The charity constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the accounts requires the trustees to make significant judgements and estimates.

The key judgement required in preparing these accounts has been the estimation of the income and expenditure flows of the charity and on its short to medium term financial stability in assessing going concern.

There are no other items in the accounts where key judgements and estimates have been made.

Assessment of going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

With regard to the next accounting period, the year ending 31 December 2025, the most significant areas that affect the carrying value of the assets held by the charity are the level of investment return and the performance of the investment market.

The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. The most significant areas of judgement that affect items in the accounts are detailed above.

Income recognition

Income is recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Daughters of Mary and Joseph Congregation Fund CIO 28

Principal accounting policies Year to 31 December 2024

Income recognition (continued)

The principal sources of income are donations, grants, legacies, investment income from listed investments and interest receivable.

Donations and grants, including contributions receivable from the Regions and pensions received from individual members of the Congregation, receivable in cash or investments, are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations and/or grants pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation or grant is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Legacies are included in the statement of financial activities when the charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any conditions attached to the legacy are within the control of the charity.

Income from listed investments is recognised once the dividend has been declared and notification has been received of dividend due.

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.

Other income includes exchange gains on currency conversion. The accounting policy for foreign currencies is set out below.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment 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.

All expenditure is accounted for on an accruals basis. The classification between activities is as follows:

Daughters of Mary and Joseph Congregation Fund CIO 29

Principal accounting policies Year to 31 December 2024

Expenditure recognition (continued)

Grants payable are included in the statement of financial activities when approved and when the intended recipient has either received funds or been informed of the decision to make the grant and has satisfied all performance conditions. Grants approved but not paid at the end of the financial period are accrued. Grants where the beneficiary has not been informed or has to fulfil performance conditions before the grant is released are not accrued but are disclosed as financial commitments in the notes to the accounts.

All expenditure is stated inclusive of irrecoverable VAT.

Allocation of support and governance costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support including in the form of financial procedures.

Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect to its compliance with regulation and good practice.

Support and governance costs are allocated to the support of the Congregational Leadership Team and international meetings/administration.

Fixed asset investments

Listed investments are a form of basic financial instrument and are initially recognised as their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.

The charity does not acquire put options, derivatives or other complex financial instruments.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

Realised gains (or losses) in investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial period. Unrealised gains and losses are calculated as the difference between the fair value at the period end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the period in which they arise.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

Daughters of Mary and Joseph Congregation Fund CIO 30

Principal accounting policies Year to 31 December 2024

Creditors and provisions

Creditors and provisions 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. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Fund structure

Restricted funds comprise monies raised for, or their use restricted to, a specific purpose, or contributions subject to donor-imposed conditions.

Unrestricted funds comprise those monies which may be used towards meeting the charitable objectives of the charity and which may be applied at the discretion of the trustees.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the net movement in funds.

Services provided by members of the Congregation

For the purposes of these accounts, no value has been placed on administrative and other services provided by the members of the Daughters of Mary and Joseph i.e. the Congregation.

Daughters of Mary and Joseph Congregation Fund CIO 31

Notes to the accounts Year to 31 December 2024

1 Income from: Donations and legacies

Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2024
£		 Unrestricted
funds
£		 Restricted
funds
£


Total
funds
2023
£
Congregational contributions for
Congregation Leadership Team and
international meetings/administration
Other gifts and donations
Legacies
Grants
Sisters’ pensions donated to the
charity
Total funds		 15,480
—
—
—
—
—

202,843

8,285

—

16,175		 15,480
202,843
8,285
—
16,175		 12,069
—
—
—
—		 —
122,826
10,000
13,422
16,873
12,069
122,826

10,000

13,422

16,873
15,480
227,303		 242,783 12,069 163,121 175,190

2 Income from: Investments and interest receivable

Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2024
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2023
£
Income from listed investments
Interest receivable
Total funds
73,916
13,222		 88,438
15,820		 162,354
29,042		 79,373
3,233		 94,967
3,868		 174,340
7,101
87,138 104,258 191,396 82,606 98,835 181,441

3 Expenditure on: Support of the Congregational Leadership Team and international meetings/administration

Unrestricted funds Unrestricted funds
Total
funds
2024
£		 Total
funds
2023
£
Congregational Leadership Team expenditure
Meetings (including facilitation)
Office and administrative costs
Website
Archives
Support of a sister
Formation
Subscriptions and fees
Travel and visitation
Foreign exchange losses
Support and governance costs (note 5)
Total funds		 6,995
38,131
1,246
247
3,775
2,909
4,623
1,841
3,530
3,615
18,876		 15,360
20,738
1,845
338
—
3,034
7,265
1,920
395
593
13,024
85,788 64,512

Daughters of Mary and Joseph Congregation Fund CIO 32

Notes to the accounts Year to 31 December 2024

4 Expenditure on: Grants, donations and support of missionary work and ministry

Unrestricted
funds
£		 Restricted
funds
£


Total
funds
2024
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2023
£
Support of missionary work and
ministry of the Congregation in:
. Uganda
. Burundi
. Kenya
. Ghana
. Cameroon
. Ireland (for Africa)
. Africa Region (including sisters’
subsistence)
. Friends of Ahoto (PPRC) CIO
Total funds		 —
—
—
—
—
—

—
—		 163,000
75,059
50,000
60,700
—
—
78,618
17,194
163,000

75,059

50,000

60,700

—

—

78,618

17,914
—

—

—

—

8,430

—
—

—		 114,369
58,118
67,340
79,000
27,806
5,202
43,169
—		 114,369

58,118

67,340

79,000

36,236

5,202

43,169

—
— 444,571
444,571
8,430		 395,004 403,434

No grants or donations were made to individuals during either period.

5 Support and governance costs

Unrestricted funds Unrestricted funds Unrestricted funds
2024
£		 2023
£
Governance costs – Auditor’s remuneration
Bank charges		 16,440
2,436		 12,460
564
18,876 13,024
Net (expenditure) income for the year.
This is stated after charging:		 Total
funds
2024
£		 Total
funds
2023
£
9,600
2,640
593
Auditor’s remuneration (including VAT)
. Statutory audit fees
. Other services
Losses on currencyconversion		 13,680
2,760
3,615

6 Net (expenditure) income for the year.

This is stated after charging:

7 Staff costs and remuneration of key management personnel

The charity did not employ any staff during the year (2023 – none).

The trustees consider that they alone comprise the key management of the charity in charge of directing and controlling, running, and operating the charity on a day-to-day basis. They received no remuneration or reimbursement of expenses in connection with their duties as trustees (2023 – none).

Six trustees of the charity (2023 – four) are also members of the Congregation and as such have taken vows of poverty under which they have renounced all personal rights to income and capital. The charity may provide for the living and personal needs of such members of the Congregation.

Daughters of Mary and Joseph Congregation Fund CIO 33

Notes to the accounts Year to 31 December 2024

8 Taxation

Daughters of Mary and Joseph Congregation Fund CIO is a registered charity and, therefore, is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

9 Investments

Investments
Total
funds
2024
£		 Total
funds
2023
£
5,716,627
3,616,634

(5,388,283)
2,180,777
6,125,755
5,684,992
Listed investments
Market value at 1 January 2024
Additions at cost
Disposals at book value (see below)
Unrealised gains on revaluation
Market value at 31 December 2024
Cost of listed investments at 31 December 2024		 6,125,755
—
(409,160)
254,028
5,970,623
5,301,051

Disposals at book value included above are made up of the following:

2024
£
400,000
9,160
409,160		 2023
£
Proceeds
Realised losses
Disposals at book value(see above)		 3,701,634
1,686,649
5,388,283

At 31 December 2024, the charity’s investment portfolio included the following holdings which represented a material proportion of the total value of the fixed asset investment portfolio at that date:

Investment Percentage
of portfolio
%		 Market
value
£
Epworth Global Equity Income
Epworth UK Equity Income
Catholic Investment Fund Inc - Class 1		 17.37%
18.14%
64.49%		 1,037,091
1,083,108
3,850,425

Listed investments held at 31 December 2024 and 31 December 2023 comprised UK unitised funds only.

10 Debtors

2024
£
27,179
—
27,179		 2023
£
Accrued investment income
Other accrued income		 27,417
10,612
38,029

Daughters of Mary and Joseph Congregation Fund CIO 34

Notes to the accounts Year to 31 December 2024

11 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2024
£		 2023
£
Accruals 18,850 14,771
18,850 14,771

12 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances held on trusts to be applied for specific purposes:

At 1
January
2024
£		 Income
£		 Expenditure
£

Investment
gains
£


Transfers
£		 At 31
December
2024
£
Africa Fund
Congregation Fund		 3,517,701
2,511,893		 331,561
—
(444,571)

—
125,573

107,884
7,888

10,756		 3,538,152
2,630,533
6,029,594 331,561
(444,571)
233,457
18,644		 6,168,685
At 1
January
2023
£		 Income
£		 Expenditure
£

Investment
gains
£


Transfers
£		 At 31
December
2023
£
Africa Fund
Congregation Fund		 3,384,587
2,308,300		 261,956
—
(395,004)

—
269,162

203,593
(3,000)

—		 3,517,701
2,511,893
5,692,887 261,956
(395,004)
472,755
(3,000)		 6,029,594

The restricted funds held by the charity comprise:

The funds held for Africa are restricted for the use of the Africa Region. Within this fund there are certain amounts restricted to particular purposes by the wishes of the donors. The purposes include formation/education, Burundi Orphans, Coloma sponsorship, Coloma projects, Friends of Ahotokurom projects and support of sisters’ families.

♦ Congregation Fund

The funds within the Congregation Fund comprise the capital given historically by the different areas of the Congregation and held in Europe. This capital is restricted in the original constitution of the Congregation Fund and is to be used in accordance with the decision of a General Chapter of the Congregation. At a General Finance Meeting and Extended General Council Meeting in 2016 it was agreed that the restrictions on the income from these funds should be released and the income should be used for the general purposes of the charity.

Daughters of Mary and Joseph Congregation Fund CIO 35

Notes to the accounts Year to 31 December 2024

13 Analysis of net assets between funds

Unrestricted
funds
£		 Restricted
funds
£		 Total
2024
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
2023
£
6,125,755
252,702
(14,771)
6,363,686
Fund balances at 31 December
are represented by:
Investments
Current assets
Current liabilities
Total net assets		 278,239
83,435
**(17,985) **
5,692,384

477,166

**(865) **		 5,970,623

560,601

(18,850)		 264,959
81,518
(12,385)		 5,860,796
171,184
(2,386)
**343,689 **
**6,168,685 **		 6,512,374 334,092 6,029,594

14 Reconciliation of movement in unrealised gains (losses)

Reconciliation of movement in unrealised gains (losses)
2024
£		 2023
£
Unrealised gains (losses) included above
On investment assets
Reconciliation of movement in unrealised (losses) gains on
investment assets
Unrealised gains at 1 January 2024
In respect to disposals in the year
Net gains (losses) on revaluations
Unrealised gains (losses) at 31 December 2024		 669,572 440,764
440,764
(25,220)
254,028		 (135,115)
(1,604,898)
2,180,777
669,572 440,764

15 Ultimate control

The charity, which is constituted as a Charitable Incorporated Organisation (CIO), was controlled throughout the period by the Daughters of Mary and Joseph due to the Superior General, by virtue of her office, being ex-officio the sole member of the CIO. If the CIO is wound up, the member of the CIO has no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

16 Related party transactions

During the year to 31 December 2024, the charity received a contribution of £4,000 (2023 – £3,000) towards the CLT, a contribution of £5,000 (2023 – £5,000) towards the DMJ in Africa, and a refund for meeting expenses of £5,626 (2023 - £2,034) from The English Region of the Daughters of Mary and Joseph CIO (Charity Registration Number 1171001). The charity made donations totalling £1,750 (2023 - £nil) and other expenses of £776 (2023 - £nil) to The English Region of the Daughters of Mary and Joseph CIO (Charity Registration Number 1171001). Two of the trustees of The English Region of the Daughters of Mary and Joseph CIO are also trustees of the Daughters of Mary and Joseph Congregation Fund CIO.

During the year to 31 December 2024, the charity received a contribution of €4,500 (£3,740) (2023 - £nil) towards the CLT, a refund for CLT expenses of €507 (£421) (2023 - £nil), and a refund for meeting expenses of €7,131 (£5,927) (2023 - £nil) from Daughters of Mary and Joseph - Irish Region (Charity Registration Number 20012052 (Ireland)). In the year to 31 December 2023, the charity paid €5,000 (£4,335) to) Daughters of Mary and Joseph - Irish Region (Charity Registration Number 20012052 (Ireland)). One of the trustees of the charity was appointed to The Irish Region of the Daughters of Mary and Joseph CIO during the year.

Daughters of Mary and Joseph Congregation Fund CIO 36

Notes to the accounts Year to 31 December 2024

16 Related party transactions (continued)

During the year to 31 December 2024, the charity paid £163,000 towards sister upkeep, various projects, formation and vehicle maintenance to The Daughters of Mary and Joseph - Uganda (Registration Number – CI No 444). One of the trustees of The Daughters of Mary and Joseph - Uganda (Registration Number – CI No 444) was appointed as a trustee of the Daughters of Mary and Joseph Congregation Fund CIO during the year. Due to this appointment being made during the year, no comparative disclosure has been made.

During the year to 31 December 2024, the charity received a contribution of €4,500 (£3,740) (2023 - €3,500 (£3,034)) towards the CLT, a donation towards travel costs of £nil (2023 - €1,000 (£3,034)), and a refund of expenses of €6,503 (£5,405) (2023 - €3,832 (£3,034)) from the ASBL Insitut des Dames de Marie. One of the trustees of the Daughters of Mary and Joseph Congregation Fund CIO is also a trustee of the ASBL Insitut des Dames de Marie.

There were no other related party transactions requiring disclosure during the year to 31 December 2024 (2023 – none).

Daughters of Mary and Joseph Congregation Fund CIO 37