The Dominican
Congregation of Saint
Catherine of Siena of
Oakford, Natal CIO
Annual Report and Accounts
31 December 2023
Charty Regi¥tration NumtrRr
1165125

Contents
Reports
Referenee and administrative details of the
charity, ils Tiuslees and advisers
Report of the Trusteés
Independent examinarfs r&port
Accounts
Statement of fInar￿la1 actNities
12
Balance Sheet
13
Statement of cash flows
14
Principal &counlin9 poli¢ie$
15
Notes lo the accounts
19
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO

Reference and administratlve detail$ of the charity, its trustees and advisers
Trustees
Sister Pauline van der Walt
Sister Eileen Airey
Mrs Barbara Peckham lappoinled 15 February 20231
Sister Margaret Muldeon (resigned 26 May 20231
Roglstered Office
CIO Daughter5 of Charty of Sl Vincent de Paul
Provincial House
The Ridgeway
London
NW71RE
CongregatSonal Prioress
Sister Pauline van der Wa
Telephone
020 8959 2257
e-mall
la-ma
oakfordo
Charity Reglstratlon Number
1165125
Independent examiner
Peter Mackereth
Buzzacott LLP
130 Wood Street
London
EC2V6DL
Banko
HSBC Bank plc
99 High Street
Chelmsford
Essex
CM1 1EQ
Solicitors
Stone King LLP
91 Charterhouse Street
London
ECIM 6HR
Investment managers
Sarasin & Partners
Juxon House
100 Sl Paul's Churchyard
London
EC4M 8BU
The Dominlcan Congregation of Saint Cathwine of Siena of Oakford, Natal CIO 1

Report of the Trustees Year to 31 December 2023
The Annual Report of the Trustees lo 31 December 2023 is presented together with the
ounts of The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO
(the Charity or the CIOI for the year 31 December2023. These accounts have been prepared
in a¢cordance with the accounting policies set QLrt on pages 15 to 18 and Comply with
applicable laws, required kcounting and Reporting by Charities.. Statement Of
Recommended Pracliee applicable to charrties preparing their accounts in accordance with
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 102}.
Introductlon
The Dominican Congregat￿n of Saint Catherine of Siena of Oaklord, Natal CIO 15
Charitable Incorporated Organisation ICIOI registered with the Ch8rity Commission and
govemed by a constitution dated 11 January 2016.
Prlnclpal activities. aim$ and objectives
The CIO was sel up to continue the work of The Dominican Sisters of the Congregation tsf
Saint Catherine of Siena of Oakford. English Area, and the charity's Constitution states rts
objective lo be the "advanc8menl of the Roman cathol￿ rel￿ADn through Ihe religious and
other charilable wort( of the CongregafKKP 8S tha Twslees with Ihe spproval of Ihg
Congregation81 Pri0￿SS shall from lin7e-l&tsme thAKtk fil.. The charity aims lo support the
Sisters and chariiable services Carried out by the Sisterslmembers of the Congregation and
lo continue lo care for those nEmbers belonging lo the Congregation thfoughoul their lives,
and particularly those remaining in England. The Trustees confimi that they have complied
with the statutory duty lo have due regard to the public benefit guidance published by the
Charty Commission in delemiining the activities unéertaken by the charity. In part￿Ular, the
Trustees consider how planned actwilies will ¢onlribute lothe aims and objetlives detemiined
for the work of the CIO. All our Sisters from the UK have now retired from paid ministry, but
their stipends and pensions are donaed to the charity under Grfi Aid or Deed of Covenant.
Tru5toes and service of the CIO
The CIO no longer owns propety of its own. so it became important lo find a centfal spar
where the Trustees could gather for rreetings. Thanks to th8 generosty of Fr VirKent Brady
of the Sl Luke's Parish in Pinner where our Sisters had INed and worked, we have found a
Spa￿ to meet. We extend our grali(ude lo Fr Brady for welcoming us.
Review of the year. actlvities and perfomanca
In accordance with the Charty's objective. advancement of the Roman Catholic religion
through the religious and other charitable Yrfork of the Congregation
the Trustees focused
on three aspects." Supporting the care of our Sister in retirement in England and Si51er5 in
South Africa., promoting the Roman Catholic faith.. and the charf(able works of the Sisters in
South Africa.
Our remaining Oakford Sister in England fin¢Js it almost impossible to grasp that she is the
18St member of the Congregation in this country. She lived in ￿MMUrbty and ministered for
over 30 years in Pinner
She often asks the Sisters in Leadership what prevents her from
being Ifansferred to another wunlry where there are more Oakford Sisters. How8ver, she
quKkly answers her own question. .1 guess l am too old at 9110 go anywheTr no￿.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 2

Report of the Trustees Year to 31 December 2023
Revlew of the year, activltlos and performance Iconlinuedl
Even though Sister receives regular letters, le18phone calls and ￿SitS from friends and fom)trr
parishioners she still longs for contact with her religious community.
The three retired Sisters from England continue to seNe as volunteers in South Africa Two
of them assist people seeking spiritual accompaniment and ongoing faith formation on their
lrfe's journey.
Sisters Carol Mouat and Prudence Cc¥)per brought valuable training,
experience and expertise from life and ministry in England. They share this wrth the folks at
St Dominic's Retreat Centre in Durban, seeking Spa￿ and time with God. Our Sisters are
available online for 'listening' and l or spiritual accompaniment as some in¢jiv￿ualS find il
hugely beneficial, not having lo come in person to St Dominic's.
(L to R) 'Lucy' ond Sr Carol slk7ring.
listenlng and in dlalogue, about the Splrft's
prnsence In lilg.
Sr Prudence was once again invrted to the
MSLA institution Imalhs, ￿len￿, & Leadership
Academy) in Kimberley, this year, where Young
Adults improve their grades and hcpe lo be
invited into an estsblished business. possibly to
continue studying and be employed by the
company.
Sr Prudence Cooperand Lèarnérs at
MSLA
The Domini¢an Congregation of Saint Catherine of Siena of Oakford, Natal CIO 3

Report of the Trustees Year to 31 December 2023
Review of the year. a¢tiviti&s and perfomiance Icontinuedl
Sister Pru's br￿f is to engage the young peop
in discerning their grft$ and God's specific call
lo them in seNing the people of South Africa.
especially in their l¢¢al communities if al all
possible.
Lighting the Candle as a symbol of the knghl of God's Spirit alivo in each one on the journey
of their lives.
Our third retiree from the UK, Sister Bemadette Hudey, has more recently been in serviGe in
our Retirement end Care Home in South Afri&i as a volunteer companion and assistant to
our senior Sisters.
Due lo new Administration of the Home, and related changes, Sister
Bernie is being asked lo take her home-lèave earfy this year and specifically to spend lime
with Sister Sarah while visrting her family,
The Gatherlng of the Sisters In SA
After the Congregational Chapter of 2022, the Sisters in the South African Area had IhoirArea
Assembly and a1139 Sisters of the A￿3 mel in the Retirement & Care Home. They revwed
the dectsions ol the Chapter and future-next-sleps in the Congregation, considering the
diminishing numbers and capacity. Everyone was present in the same space and was ab
lo engage with the topic5 of "Partne￿h1PS. and 'G0veman￿" as an Area Communty, all
together. There was great joy in 'Gathering' as Oakford Sisters in the Retirement & Care
Homo.
Dominlcan Spirituality Programme
A Dominican Spirituality weekend was organized by the Sisters, grappling with and tying to
understand the Dominican charism of Compassion, Dignity and Respect ol e￿h Petson in
the current South African context in particular. The Dominican motto of Tmth is gre811y needed
in our country & global context at this time.
Ongoing fommtion for Leadership
The Trustees have approved the continued funding for ongoing development for Leadership.
The Sisters shared wha they've learned in the communities, and like a ripple effect the Sisters
in turn shared the same in their places of living and ministry.
saf￿GuardIng training onlinè & in petson
The Trustees have attended training online, joining certain programmes prowded by Stone
King & Religious Life Safeguarding Services
The Dominican Congregation of Saint Catherine ol Siena of Oakford, Natal CIO 4

Report of the Trustees Year to 31 December 2023
Revlgw of the year, actlvltlo$ and performance {conlinuedl
rrustees met with Consultants
Financial matters and auditing proceedings ofthe Charity were discussed with experts lo hdp
the Congregation remain compliant with wles and regulations, and to try to Work. the
investments we have. Time was taken to review the invesbnenl policy and do a risk
assessment with knowledgeable profess￿n818.
Fundlng for SolarPanels. Inverters and Batt•nf•s
The Trustees recognized the challenges experienced by the Sisters in South Africa, with th￿r
not being able to rely on the Stale-owned power supply for daity needs and ministry outreach.
They were unanimous in their decision lo purchase equipment to provide allernalive solarand
battery power. What a dIffe￿nCe this has madè lo the Iwes of OUT Sistersl
Future plans
The Trustees will continue lo promote and work with the Objects and Aims ofthe CIO in caring
for the aging members, the 8dvan¢ement of the Roman Catholic religion and other charitable
work of the Congregation Iconslilulions of the CIO 1165125 no 3 page 21. The diminishing
numbers and age profile ofthe members oflhe Congregation. suggest that larger projects are
not likely to be attempted. Each member will continue lo give herself and live the Gospel
Values in ways which invite and encourage others lo do the Same. The resources will be
monitored lo ensure that the assets, materkgl and spirrtual will be forthe benefrt of those being
eared for in their senior years.
The Trustees acknowledge with deep gr81iludg to the Provincial Leadership of the Daughters
of Charity of St Vincent de Paul, of the 8rf(ish Province for providing support and guidance
from their own experience and expertise. The financi81 expertise and administrative support
of their personnel has been invaluable lo the CIO and it5 Trustees.
We thank the Congregation of the Bushey Dominican Con9regation ftx the serV￿e Sister
Eileen graciousty provides as a Trustee. Our first non 'Religious Sister,, has accepted and
been appointed as a Trustee. and is committed lo the Charity. Our $pe¢ial 'Friends of the
Charity, are alwayswilling lo support the tiny rèmnant of our Oakford Sisters in the Stvincent's
Nursing Home, in England and those who visit her regularly are super amazingl Thank you
lo each of you. Wrthout all the above-named persons, and so many others, we would not
have been able lo care for our Sislerls as w8 have done. We thank you and promise you, our
prayerful support.
The DominieAn Congregation of Saint Catherine of SEna of Oakford, Naal CIO 5

Report of the Trustees Year to 31 December 2023
Flnancial revlew for the year
Results for the year
The lolal income for the year was £128.042 {2022 £110.9121, resuf(ing in an increase of
15.4°h year on year.
During the year, the charty incurred expendrture of £102,579 (2022 £130.986}. This
represents a d￿rease of 21.7Vv. The majority of the expenditure relates lo the costs of
providing care for the elderly Sisters in the UK which amounted lo £78.19612022 - £71,914}.
The number of Sisters in the English Area has diminished drastically and during the yeartherè
was only one Sister remaining. The charty no longer operates any instfculions and there is
very lrttle earned income. The Sisters volunteering in South Africa also donate their pensions
to the charity 10 sUPPOrt those dependent on the charty in the UK.
Net Income for the year was £25,463 {2022 Nel expendrtUTe £20,074) after inveslm8nt gains
of £132,026, resulting in the nel movemenl in hjnds for the year lo £157,48912022 negative
£407,041). This result indicates that the perfomance mved from prior year losses to current
year gains.
Invèstmentpollcy ondperfomwnce
The investments of the Charity are managed by Sarasin & Partners LLP. The trustees meet
annual￿ wrth Sara5in & Partners lo ensure the funds are managed in accordance wilh the
ethical and religious principles of Ihe Congregation. The aim of the portlolio is to enhan￿ the
Capital value over the longer-lerm whilst gen¢raling sufficient income lo support the ongoing
activities of the Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO.
The Iruslees have invested in the Sarasin Climate Active Endowment CAI fund. The policy of
this fvnd will avoid inv8Stments in tobacco, and restrict investments in ams. gambling,
alcohol, pornography, thermal coal and tar sands.
Al the end of the year 31 December 2023 the chsrity had inv8Stmenls lolalling £2.67 million
12022- £2.54 millionl. These investments generated an income reluin of 2.790k 12022
2.429/01. The investment increased in value and the capiial yield for Ihe yearwas 5.21Yo12022-
decrease 13.24%). The Iruslees are satisfied that the investment managers were able to
Successful￿ slabilised the portfolio, by adjusting the strategies to one of fulty global equty
allocation. This provided portfolio access lo a widei and more diversified investment
universally, which has enhanced Teturn and redu¢8 associated volalilily.
Resp￿$ pollcy and financlal posftion
At the end of 2023, the lolal assets of the charty weTe £3.7 million 12022 - £3.6 million)
Funds of £1 million12022 - £1 million) have been designated lo provide support for Ihe okler
members of the Area. The Oakford sharing fund stood at £527,167 (2022 - £537.3721 and is
held primarily to finance Sisters from outside of the UK during visf(s lo England for such
matters as formation and sabbaticals. The remaining designated funds comprise £2 milliu)
12022 - £1.8 million) lo support the Congregabon's overseas mrssions.
The Dominic8n Congregation of Saint Catherine of Siena of oakf￿d, Natal CIO 6

Report of the Trustees Year to 31 December 2023
Financial roview for the year Icontinuedl
R45erves pollcy and )Inancial posttlon (continued)
The general lunds of the charty stood at £260,686 at 31 December 202312022- £292,992).
This is signrficanlly higher than the trustees, policy which is lo hold around the equivalent of
one year of recurring expenditure as free reserves. 11 Is 8nticipaled that deficits will occur in
the next few years due to the in¢reased c08ts of maintaining elderty Sisters and a re-
assessment of financial needs is being undertaken which msy resul in additional amounts
being withdrawn from Ilesignated funds.
Details of the funds and their composition are set out in the notes to the accounts.
Governance, structure and management
Gov•manee
According to Church Law, the Congregation is governed at an intemalional level by the
congregat￿al Prioress and her Congregational Leadership Te8m of four Councillors with
the Generalate l Headquarters in Johannesburg. South Africa. The leadership team is elected
every six years at the Generavcongregalional Chapter by repre5enlatNes of the four
geographic A￿aS of the Congregation. One of the Couneillors is responsible for the Sister in
England; the other three Councillors each h8ve responsibilty for the Sisters in Germany,
South Africa and the USA respgclivgly.
Sister Paul&Mary recruits Trustees by approaching those who she thinks would suf( the role
and asks them to join a meeting wrth the current Trustees. If all Trustees are happy with the
candidate. they wll be invited lo join th8 Trustee body.
Al the beginning of 2023, Sr Margaret Muldoon, one ofourTruslees res￿ned. Her experience
and service had been invaluable, and we a￿ grateful for her wisdom 8nd generosrty for the
pa51 six years. After seeking another candidate lo serve as a Trustee, and discussing the
matter with the other Tnjstee, it was agreed lo appoint Mrs B. Peckham as a new Trustee.
We appreciate her availability lo serve on and Gommf( to the Charity.
In Ihe fi￿1 half of the year, the Twstee$ were unable to travel overseas due to certain
limrtalions and other r8sponsibililies. meelings were held on Zoom and the Trustees were
then able to meet in person in Septembei. The Trustees maintained a record of full attendance
al every meeting throughout the year.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 7

Report of the Trustees Year to 31 December 2023
Govèrnance, structure and management (continued)
Governance (conlinugd)
Trustees of the Cio of Ihe
Dominican CongregaliorF of Sl
Catherine of Siena Oakft)rd,
Natal.
ia
(L to R) Sr Paula-M8ry van der
Wall OP, Mrs B. Peckham & Sr
Eileen Air8y OP.
rru$tges' re5ponslblllties ststwnent
The Trustees are ￿spOnsible for preparing the report of the Trustees and accounts in
accordance with applicable law and United Kingdom Accounting Standards Iunrted Kingdom
Generally Accepted Accounting Praelicel.
The law applicable to charities in England and Wales requires the Trustees to preparo
accoLsnts for each financial period which give a true and fair view of the slate of affalrs of the
charity and of the income and expenditure of the chafily for that period. In preparing these
accounts, the Trustees are requir8d to..
• select suitable accounting polic￿$ and then apply them consi$tentty',
observe the method$ and principles in Accounting and Reporting by Chorrtie$'. Slalemenl
of R￿0MMended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable lo the United Kingdom and Republic of
Ireland IFRS 1021.,
make judgements and estimates that are reasonable and prudent.,
stale whether applicable United Kingdom Accounting Standards have been folbwed,
subject lo any material departures disclosed and explained in the acGounl$-, and
prepare the accounts on the going concem basis unless it is inapproprkate to presume
that thè charty will continue in operation.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Nat81 CIO

Report of the Trustees Year to 31 December 2023
Governance, structure and management Icontinuedl
Trus¢g9s' responsibilitles statement (¢onlinuedJ
The Trustees are responstle for keeping proper aG¢ounling records that disclose wiéh
reasonable accuracy at any lime the financial posrtion of the charity and enable them lo
ensure that the accounts comply with the Charrties Act 2011. applicab￿ Charty (Accounts
and Reports) Regulations and the provisions of the charity's constitution. They are also
responsible for safeguarding the assels ol the charity and hence for taking rea$onabl8 sl8PS
for the Prevention and d818ction of fraud and olhei irregularrties.
Structure and managementreportlng
The Trustees afe ultimately responsible for the policies, activities and assets of the charity.
They meet regularly to ieview developments in connection with the charty and its acltvities
and make important deGisions. They seek the advice of the charity's professional advisers,
including investment managers, ￿cOuntants, property consultants and solicitors.
Key managementpersonn•l
The Trustees consider that Ihey comprise the key management of the Charity in charge of
directing and wntrolling, running and operats.ng the charity on a day-ILHlay basis.
No Trustees who served during the year received any remuneralK)n or reimbursenEnt of
expenses in connection with their dub'es as Trustees or their work as key management.
Publlc bgnefit
The Trustees have had regard lo the guidance on public benefrt i8sued by the Charity
Commissp)n.
Rlsk management
The Trustees undertake an annual review of the principal risks and uncertainties that the
charity faces, calegorising th8 risks between those affecting the governance and
rnanagemenl of the charity, operational ri$k$, finaneial risks, reputational risks 8nd those
wh￿h occur because of circumstances outside of the charty's control such as chang&s in
government policy, laws and regulations. They regularty review the measures already in
place, or needing to be put in place, lo establish policEs, systems and procedures to mitigate
Ihose risks idenlrfied in the annual review and gnsure that action is tsken lo implem8nl
hanges to those policies, systems and procedures should they be needed to minimise or
manage any potential impact on the charity shoukl those risks malerialise.
The Trustees have identified five main aieas where risks may occur governance and
management,. opwational,. financial,. reputatiDnal,' and regulatory.
Governance and Management looks at the risk of the Congregation, and hence the charty,
Slrffering from a lack of ￿e￿￿ership and capacity in the area of skills and tlaining, a lack of
direction. and good creative use of rts resources.
Opgrational looks at the risks inherent in the charTty's aclivrties includiro, for example, the
members of the Congregation engaging In inappropriate activities. shortcomings in the
Se￿￿eS provided, and poor health and safety.
The Dominican Congregation of Saint Catherine of Siena of Oakford. Natal CIO

Roport of the Trustees Year to 31 De￿mber 2023
Governan¢•, structure and Managem*￿ I￿ntinued)
Risk m8nag•ment (continued)
Flnanclal risks include those arising as a resum of global markets f8Ming. pw budgetsry
contrd, inapproprial• s￿nding, poor accl￿ntIng arKI inapwoprlate investment policlas.
R•put￿onI1 loc*s at rK)sslt4e damagg ￿ the Congrggation's. and h8nce the Char￿8,
repul8ti0n.
Rogul•tory thk8 at the effects ofgovemment pollcth, the consequences ofnon-corry)Ir8nc&
V￿th laws and regulations and risk ass8ssmenL
Having assessed the rnaior risks to vshich the charity exposed. tho Tr[￿le8S believe thai by
nv)nitoring reserve 19vgls. by ansu￿n9 controls gxlst over key financial systems. and by
examinlng the 0￿ratIOrkifr risks faced by the charty. they have eslabllshed effethve systsm5
to mitsgote those risks.
The key risk for thè charity is described babw, slong Vdith the princ4pal ways ID whlth il is
miÉigated'.
+ The charity's prinopal asset comprises listed investments, the value of whlch Is
dependent on movements in UK and worfd stock markets. The inve51mgnts are managed
by repulable Invesknenl managers who adheie to a poll￿ agreed by the Trustee$. Thé
investment stralegy is ass8ssed règularly lo onsvre it remains appropriate to the Charity's
needs - both now and in the future. Given the current rnacroeconomic an(J ge¢)[M)I￿cal
environm8nl. and in the aftem)ath of th8 Covid-19 pandèmic, the Trustees anlicipate that
Ca￿1￿1 values may flur*Jate in the coming years.
Fundralslng pollcy
The charrty aims to achieve best practice In the way in Wh￿ it communicates with ¢JonoTS
and other Supporters. It tskes eare wlh LK)Ih th8 tone of tts Communi￿nS and the accuracy
of tts data to fflinimise the pressures on supporters. It applies best practice lo protsct
supporters, data and never sells data, It rtever swaps d818 and ensures that communicati
preferences can be ¢hwed al any time. The tharity do$s not employ the seN¢es of
professional fundrais8rs. The charbty undertakes to ￿8¢t to and investigate any complaints
regarding its fundraising aCtiV￿eS and lo leam from them and improve its service. The charity
received no cornplaints al￿)ut its fundraisin9 activitiès in eithèr 2023 or 2072.
Srgned on bBhalf of the TTUStees
Trustee Barbara Peckham
Approved by the Twstees on". 24 July 2024
The Dominican Congregalion of Saint Cath*ine of Si8na of Oakford. N8ts1 CIO 10

Indèpendent examinerfs report Year to 31 Decernber 2023
Independent examinerfs report to the Trustees ofTh¢ Domlnlcan Congregatlon of Salnt
Catherine of Siena of Oakford, Natal CIO
I report lo the Trustees on my examination of the accounts of The Dominican Congregalitrn
of Saint cal￿rIne of Siena of Oakfoid. Natal CIO Ilhe charity) for the year ended 31
December 2023.
Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the accounts in
accordance wrth the requirements of the Charities Act 2011 I'lhe A¢t'l.
I report in respect of my examination of the charity's accounts as carried out under section
145 of the Aci. In carying out my examination I have folbwed all the applicable Directions
given by the Charity Commission under section 14515}(bl of the Act.
Independent examiner's Statemont
I have completed my examination. I confimi that no material matters have come lo my
attention in connection wf(h the exarninalion giving me cause lo believe that in any material
respectr.
+ accounting r￿ordS were not kept in respect of the charty as required by seclitin 130 of
the Acl: or
• the accounts do not accord with those records," er
the accounts do not wmply with the applicable requlremenls concerning the form and
content ofaetounls set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'lrue and fair view, which is not a maller
considered as part of an in(Sependent examination.
I have no Con￿M$ and have come acfOSS no other rrollers in connection with the
examination to I￿h￿h attention should be drawn in this report in order to enable a proper
understanding of the a￿o￿nIS lo be reached.
Peter Mackerelh. Chartered Accountant
8uzzacott LLP
Chartered Aceountants
130 Wood Street
London
EC2V 6DL
30 July 2024
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 11

Statement of fSnancial activities Year to 31 December 2023
2023
Total
funds
2022
Total
funds
Notes
Incom8:
Donalit)ns
Investment income and interest reC￿b
Total Income
39,860
88,182
128.042
37,823
73.089
110,912
Expgndbtur•:
Charitable activities
Support of m8fflb&rs olthe Congregation an(1 thèir minisby
Total exp*ndltur•
102,679
102,579
130,986
130,986
Net income l•xpendiiurel for the year before net investmènt
11088e$l galns
25,463
120,0741
Net invgStmÈnt galns1106se8)
Net movèmènt In funds
132,026
157,489
1386,9671
1407,0411
Reconciliation of funds..
Total funds brought fotward al 1 January 2023
3.630,364
4.037,405
Total funds carried fO￿artY at 31 December 2023
3.787.853
3,630,364
All recognised gains and bsses are in¢luded in the abov8 slat8ment of financial aclivilies.
All income and expenditure for the above two financial perh)d$ was unrestric1￿j.
All Df the charity's actwitles derived from conlinuing operations during the above two fina[￿la1
periods.
The Dominican Congregation of Saint Catherin? ol Siena of Oakford. Nat81 CIO 12

Balance sheèt 31 December 2023
20ZJ
2023
2022
Notes
Flx•d assets
Investments
2.668371
2.536237
CuN•nt •88ets
Cash at bank and in
1.14W3
1.146A63
1.120.288
1.120,288
Llabllltlos
Creditors: *no￿lts￿ll1ng due
vAiNn one yèar
{2I8811
(26,181)
Not curr•nt ass•ts
Total n•t ao0•ts
1.119,5
3.787.8$3
1.094.127
3.830.364
RePre￿nI•d by.
Tho fvnd8 of tho charlty
Unr8strkted funds
- Gènaral funds
. Desigftat8d lunds
292,9¥2
3.337,372
3.630.364
3.527,167
3.787,853
Approved by the Tvustees
and signed on thèir behalf by: Barbara Peckham
Trustee
Approved on: 24 July 2024
The Dominican Congregatton of Salnl Catherlng of Siena of (Mford, Natal CIO 13

Statement of cash flows Year to 31 December 2023
2023
2022
Notes
Cash flows from operating actlvlt1￿.
Ngt cash used in operating aGtiviti85
161,9991
192.6431
Cash tlows from Investlng a¢tl¥ltig9-
Investment income re￿1Ve￿
Interest ￿e1Ved
Net cash prOvId￿ by {us8d In) Investlng actlvlUo$
70,846
17,334
88,182
70,781
2,308
73,089
Change in c88h and eash ewlvalents In th? period
26,183
119,5541
Cash and ¢a8h equIVa￿ftts at 1 January 2023
1,120,302
1,139,856
Cash and cash oquivalents at 31 December 2023
B 1,146A8S
1,120,302
Not•s to the 6tstem8nt of eash flows for thg ygar to 31 Doeember 2023
A Reconclllatlon of net mov•mgnt In fund$ to not cash us•d In opgratlng a¢tivTrtie
2023
2022
Net rnovem8nt in funds las per the •tst•mttnt ol fftnan¢ial activftl￿}
Adlustrnents for..
(Gains) losses on listed invesbnents
Inve5tsnent income receivable
Intèrest receivable
Decrease lincreasel in deblot5
Increase in cr6ditors
Net cash used in op#ratlng a¢tSvltleB
157,489
1407,0411
1132,0261
70,7811
117.4011
386,967
170,7811
12.3081
4a0
120
192,8431
720
161,9991
B Anatysis of cash and cash èquivalonts
2023
2022
Cash 8l bank and in haThY
Cash held by investrnent man8gws
Total ￿$h and cash equlvalents=
1,146N63
1,120,288
14
1.120,302
1,146A85
No separate reconciliation of nel debt has been prepared as there 15 no difference between
the net Cash Idebtl of the Gharily and the above cash and cash equivalenl$.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 14

Prin¢lpal accounting policies 31 Deeember 2023
The principal accounting policies adopted, judgements and key sources of estimation
uncertainty in the preparation ol the accounts are laK8 out bel￿.
Basls of Pre￿ratIOn
These accounts have been prepared for the year to 31 December 2023 with comparative
information given in respect Ic the yearto 31 December 2022.
The charity was incorporated on 11 January 2016 in England and Vvales. The gddress of
the administrative office of The Dominican Sisters of the Congregation of Saint Catherine of
Siena of Oakford English Area is Provincial House, The Ridgeway, Mill Hill, London, NW7
1RE.
The accounts have been prepared under the historical cost convention with r(ems
recognised al cost or transaction value unless Othe￿iSe stated in the relevant accounting
policies below or the notes Its these accounts. The accounts are presented in sterfing and
are rounded to the nearest pound.
The accounts have been prepared in accordance with A￿untIng and Reporting by
Charities.. Statement of Recommende(I Practice applicable to charities preparing their
accounts in accordance with the Finartlal Reporting Standard applicable in the United
Klngdom and Republic of Ireland (Charities SORP FRS 1021, the Financial Reporting
Standard applicable in the UK and Republic ot Ireland {FRS 1021 and the Charf(ies Ad 2011
The charity conslilules a public benefrt entity as defined by FRS 102.
Assessment of going concem
The Trustees have ass8ssed whether the use of the going concern ossumplion is
appropriate in preparing these accounts. The Trustees have made this assessment in
respect lo a period of one year from the dale cl approval of these accounts.
The Trustees acknowledge and recogntse the effect of the current macroeconomic and
geopolitical environment and also the effect of the aftermath of the Covid.19 pandemic on
society including the charity. Whilst they recognise that there may be some negative
consequences such as fluctuations in the value of th& investment portfolio and reductions
in related income. the Trustees are of the opinion that the charity will have sufficient
resources lo meet its liabilities as they fall due. The Trustees of the charity have concluded
that there are no material uncertainties related to events or ¢ondilions that may cast
significant doubl on the ability of the ¢harily to continue as a going concem.
th regard lo the year ending 31 December 2024, the most significant areas that may affect
the carrying value of the assets held by the charty are the level of investment retum and
the performance of the investment markets (please see the investment policy and the risk
mana9emenl sections of the report of the Trustees for more infomialionl.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 15

Prin¢lpal accountlng policies 31 December 2023
Crttical accounting estimates and areas of Judgemont
Preparation of the accounts requires the Trustees to make significant judgements and
estimates.
The items in the accounts where Ihesejudgements and e$llmates have been made include..
estimating the svze of the retirement reserve cre*ed in order to provide for the
continuing r2re of the members in their retirement and determining other de5ignalions',
and
assessing future income and expendilufe flows for th8 purpose of confimiing that the
charity is a going concern.
The Trustees have assessed the impact of the aftem*h of the Covid-19 pandemic and the
current macroeconomic and geopolitical environment on the charity's fLrture income and
expendrture flows and on its financial posilion especial￿ in the light of the perfomance of
investments values (see assessment of going concern above).
Income recognition
InGome is recognised in the peri¢xI in which the charity has enlillement to the incorne, the
aTr￿unt of income can be measured reliably and il is probable that the income will be
re¢aved.
Income comprises donations and investment income, and in the prior period, the surplus on
the Sa￿ of tangib18 frxed assets.
Donations, including pension8 of individual religious received under Grfi Aid or d8ed of
coven8nl, are recc*Jnised when the charity has confifmation of both the amount and
settlement date_ In the event of donations pledged but not received, the amovnl is accrued
for where the receipt is considered probable. In the event that a donation is subject to
conditions that require a kvel of perfomiance before the charty is enti(led lo the funds, the
income is deferred al￿ not fecognised until either those condf(ions are fulty mel, or the
fuifilmènl of those conditions 18 wholty within the control of the charity and il is probable th81
those conditions will b8 fulfilled in the reporting period.
DivK1ends are recognised once the dividend has been declared 8nd notification has been
re￿iVed of the dThiiderbd due. Interest on funds held on deposit is included when receivable
and the amount can be measured reliably by the charrty.. this is normally upon nolifulion of
the interest paid or payable by the bank.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 16

Princlpal accounllng pollcies 31 December 2023
Expondituro recognitlon
Liabilrties are recognised as expenditure as S¢X)n as there is a legal or constructive
obligat￿n committing the charity lo make a payment lo a third party, it is probable that a
transfer of eGonomic benefits will be required in selllemenl and the amount of the obligation
can be measured reliably.
All expenditure is aceounled for on an accruals basis. Eypendilure comprises direct costs
and support costs. All expenses, including suppcxl costs. ale allocated or apportioned to the
applicable expenditure headings.
Expenditure on charitable activities includes all costs associated wfth furthering the
Charitab￿ Pufposes of the charity through the provision of its charitable activities. Sueh costs
include costs in respect to the support of members of the Congregation and enabling their
ministry, includiThJ governan￿ costs.
All expenditure is slated inclusive of irrecoverable VAT.
Support and governance costs
Support costs represent indired charrtable expenditure. In order lo tarry out the primary
purposes of the charity it is necessary to provide support in the form of personnel
development, financial procedures, provision of off￿9 services and equipment, and
suitabl8 working environment.
GOverna￿e costs Comprise the costs involving the public aecountsbilty of the charity and
costs in respect lo ils compliance with regulation and good practice.
All expenditure on sUPPOrt and governance is attributed directly to the charrtable activities
of supporting members of the Congfegalion and enabling their ministry.
Fixed asset investments
Listed investments are a form of basic financial instrument and are initially recognised at
their transaction value and subsequently measured al their fair value as at the balance sheet
dae using the cl(Ising quoted marf(et prite.
The charty does not acquire pul options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatilty in equty markets and
investment markets dueto wider economic condilK)ns, the attitude of investors lo investment
risk, and changes in senlimenl concerning equrties and within parb'cular 58clors or s4Jb
sectors.
Realised gains lor losses) on investment assets are ealculaled as the diff8rence between
disposal proceeds and their opening Carry1t￿ value or their purchase value if acquired
subsequent lo the first day of the financial year. Unrealised gains and105se5 are calculated
as the difference between the fair value at the year end and their carrying value al that dale.
Realised and unrealised investment gains lor losses) are combined in the statement of
linanual activities and are credited lor debited) in the year in which they arise.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 17

Princlpal accounting policies 31 December 2023
Debtor5
Debtors are recognised attheir settlement amounl, less any provision for non-recoverability.
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 maluriiy of less than Ihree months from the date of acquisition.
Creditors
Creditors are reeognised when there is an obligation at the balance sheet date as a resu
of a past event, il is probable that a transfer of econom￿ benefit will be required in
seltlemenl, and the amount of the settlement can be estimated reliably. Creditors and
provisions are recognised al the amount the charity anticipates it will pay to settle the d8bt.
They have been disGounled lo the present value of the future cash payment where such
discountin9 is material.
Fund accountlng
The funds of the charity comprise unrestricted funds available for use in furtherance of the
charity's objectives at the discretion of the Trustees. Wrthin the lolal unrestricted funds are
th￿e designated funds - the rdirement fund. the Oakford sharing fund and the overs8as
missions fund. Details of these funds 8re provided in note 9.
Services provlded by members
For the purpose of these accounts, no monetsry value has been placed on administrative
and other services prov￿ed by members of the Congregation.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 18

Notes to the accounts 310ecember 2023
1 Donafjons
2023
Total
funds
2022
Total
fvnd5
Pènsions of individu81 rÈli9ious re￿iVed under deed ol covenant and
gift aid
39,860
37,823
2 Investment income and Interest rfjceivable
2023
Total
funds
2022
Total
funds
Ineom• from I￿ted investments
Multi asset funds
70.781
70.781
70.781
70.781
Intsrest reeèiv•d
Investment Interest
Bank Inte￿$t
67
17,334
88.182
18
2,290
73,089
3 Support of mgmbers of the Congregation and their ministry
2023
Totsl
funds
2022
Total
funds
Sisters, living and petsonal expense5
Nursing care and m8dical costs
Educats"on, training and spiritual renewal
Support costs
Governance cost5 Inots 41
6,050
78,196
7,045
8.060
3,228
102.579
18,407
71.914
30,000
7,095
3,570
130,986
4 Governanee costs
2023
Total
fund8
2022
Total
funds
Profession81188S
3.228
3,570
The Dominican Congregation of Saint Catherine of Siena of 08kford, Natal CIO 19

Notes to the accounts 310e￿rnber 2023
5 Net (expgnditurel income for the year before net investment Ilossesl gains
This is ststed after charging..
2023
Total
funds
2022
Total
run(ts
IrKlependent éxaminer's remunerab.on
Independent examination
Tax ￿rnpliaNC* seN1￿5
3,228
2,400
1,170
3,570
3,228
6 Taxatkon
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO is a
registered eharily and, therefore, 18 not liable to income lax Of capital gains lax on income
derived from ils charitable actNf(ies, as it falLs wf(hin the various exemptions available to
registered charities.
7 Investments
2023
2022
Ll8tgd investsnonts
Fair Imarketl value at 1 January 2023
M8t unreali$gd investment gains Ilossesl
Fair Imatketl value at 31 Decernbef 2023
ash held by inveslment m8nagors
1636.223
132,026
2,668,249
22
2.668.271
2,923,190
1386.*71
2.536,223
14
2,536,237
Cost of listed invastments at 31 December 2023
2.669,858 2,669.858
Listed inve5tmen15 cornprised the following..
2023
21Y22
Sarasin Climate Active Endowment Fund
2,66B,249 2.536,223
8 Creditors: amounts falling due withln one yèar
2023
2022
Accruals
ArrK)unt adrninistered on behalf of a membèr of the Congregation
3,120
23,761
26,881
2.400
23.761
26,161
The Dominican Congregation of Saint Catherine of Siena of Oakford, Nal81 CIO 20

Notes to the accounts 31 De¢ember 2023
9 Dfjsignatod funds
The income funds oflhe charity includethe following funds which comprise monies sel aside
by Trustees for a part￿ular purpose.
At1
January
2023 Trnn8fvr8
At31
De¢embor
2023
N•t
Income
Retirement frrnd
The Oakford sharing fund
Overseas mi8sion$ furAY
1,000.000
537,372
1.800,000
3.337,372
1,000.01)O
527.167
2,000.1)fy)
3,527,167
110,2051
200.000
189,796
T￿re were no transfers for ongoing formation during the year.
Ati
Janu8ry
2022
At31
Decembér
2022
Nel
incon
Transfs
R8ts"r8rnènf fund
The Oakford sharing lund
Overseas missions fuJKI
I,o(10,000
567.3T2
1,800,0
3,367,372
i.(n?,ooo
537,372
1,800.000
3,337,372
(30,OOQ)
(30.OOQ)
Retirement fund
A fund has been designated to provide for the charity's commitment to provide for the
retirement and care in old age and sickness of the Congwation's members.
The Oalrford sharing fund
This fund is intended for..
• Future housing needs of the Sisters of the Congregation in the UK letther within the UK
or overseas) and South Africa,.
Ongoing formation, sabbaticals and living expenses for the Oakford Dominican Sisters
visiling the UK from other Areas of the CtsTraregalw',
Use by the Congregatitin's Leadership when visiting and working with the Oakford
Dominican Sisters in England.
Overseas missions fund
This fund comprises monies available lo support the Congregation's ¢)verseas missions.
There is no time frame for expenditure from thi8 fund.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 21

Notes to the accounts 31 De￿mber 2023
10 Analy$ls of net assets between funds
The fund balances are represented by the following assets and liabilities".
Total
net
assets
Dp$lgn#t8d
funds
G•neral
lund8
Fund balanc•s at 31 December 2023 ropresonted
by-
Investmgnts
Curiènt assets
Current Iiabilitses
Totsl not assets
2,668,271
882,657
23,7611
3,527,167
2.668,271
1,146A63
{26,8811
3,787,853
263,806
13,1201
260,686
Tolal
n8t
assets
De8￿gnal8￿
funds
Gene￿}
runGIs
Fund b818nc8S at 37 De￿rnber 2022 am repfftsented
by..
Investments
Cuffgnt assets
Curtsnt li&lNh'tss
Totalnetassets
2,536,231
S24.896
(23. 761)
3,337,372
2,536,237
1, 12Q.288
(26. 161)
3,630.364
295,392
(2.4(10)
292,992
The total unrealised gains {lossesl as al 31 D￿ember 2023 consli(u18 movements on
revalu8tions and are as follows".
2023
2022
Total unTroli5•d Iloss•sTr galns included al)ove:
On inygstsnents
11,6091 (133,6351
Roconciliation of movements In unrgall¥td galnG
Unre8lised gains at 1 Janu8ry 2023
N8t gains Ilossesl arising cn revaluabon in the year
Unrealised Ilossesl gains at 31 De￿Mtsr 2023
1133,63SI
253,332
132,026
{386,9671
11,6091 {133,6351
11 Staff costs and remuneratlon of Trust8es and key management personnel
No Trustee received any remuneration or reimbursement of expenses in connection with
their duties as Trustees12022- none).
During the year, the total amount donated by the Trusle8s to the charity Was £nil12022 -
£nil).
During the year lo 31 December 2023 the charity employed no staff {2022
therefore incurred £nil stsff costs {2022 - £nill-
none) and
The Trustees consider that they comprise the key management of the charity in charge of
directing and controlling, running and operating the charty on a day lo day basis.
Otherthan the iterr6 disclosed above, there have been no related paty transactions during
the period.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natsl CIO 22

Notes to the accounts 31 December 2023
12 Ultimate control
The charity, which is consliluted as a CIO, was controlled throughout the period by the
Dominican Congregation of Saint Catherine of Siena Oakford, Natal by virtue oflhe fact that
the Congregational Prioress appoints the Tfuslees.
The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 23