2024-12-31-accounts

The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO Annual Report and Accounts 31 December 2024 Charity Registralw)n Number 1165125

Contents Reports Reference and administrative details of the charily. ils Trustees and advise Report of the Trustees Independent examiner's report 10 Accounts ststemenl of fin8nci81 activi11g$ Balan￿ sheet 12 Statement of ￿sh flows 13 Principal accounting policles 14 Notes to the accounts 18 The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO

Reference and administratlve details of the charity, its trustees and advisers Sister Pauline van der Walt Sister Elleen Mrey Mrs Barbara p￿kharn Reglstered Officg CIO Daughters of Charity of St Vincent de Paul Provinaal House The Ridgeway London NW7 1RE Congregational Prior•$s Sister Pauline van der Wall Telephone [phone] e-mail aula-ma .com Charity Reglstratlon Number 1165125 Indgpend•nt oxarniner Peter Mackereth Buzza¢olt ALKlit LLP 130 Wood Street LO￿on EC2V 6DL Bankers HS8C Bank plc 99 High Street Chelmsford Essex CM1 1EQ Sollcltor8 Stone KiThJ LLP 91 Charterhouse Street London EC1M6HR Invg$tment manager5 Sarasin & Partners Juxon House 100 Sl Pa￿,$ Churchyard London EC4M 8BU The Dominican Congregation of Saint Catherine of Siena of Oakford. Natal CIO 1

Report of the Tru5teos Year lo 31 December 2024 The Annual Report of the Tnjstees to 31 December 2024 is presented together wlh the acc(￿nts of The Dominun Congregation of Saint Catherine of Siena of Oakford. Natal CIO (the Charity or the CIO) for the year 31 December 2024. These accounts have been prepared in accordan￿ wth the accounting policies set out on pages 14 to 17 in Complian￿ with applicable laws, required Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accor(lance with the Fin8ncial Repot1ing Standard OP￿icable in the United Kingdom and Republi¢ of Ireland (FRS 1021. Introduction The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO is a Charitable Incorporated Organisalion ICIO} registe￿￿ wlh the Charity Commission and governed by a constitul*)n dated 11 January 2016. Princi al act[V￿eS ob'eclives and aims The CIO was set up to ccintinue the work of The Dominican Sisters ol the Congregation of Saint Catherine of Siena of Oakford, English Area, and the charity's constitution slates it5 objective lo be th6 "advancement of the Roman Catholic ￿lIgIon thrDugh Ihe rgligious and olher charitable work of the Congregation as the Trustees with the approval of the Congregational Prioress shall from tim8-tO-timè Ihink fiv. The charity aims to SUPPDrt thè Sisters and charitable services carried out by th& Sisters of the Congregation and to ¢onlinu& to care for those members belonging lo the Congreg81ion throughout their lives. and particularly those remaining in England. The Trustees confimi that they have complied with the statutory duty to have due regard to the publ￿ benefit gU￿an￿ published by the Charity CommissM)n in detemiining the 8ctiwlies undertaken by the charty. In parucular, the Trustees consider how planned activities will contribute to the aims and objectives delerniined for the work of the CIO. All our Sisters from the UK have now retired from paid ministry. bul th&r stipends and pensKJns are donated to the charity under Gfft Aid or Deed of Covenant. Trustees and service of the CIO Sisters Paula-mary v8n der Walt, and Eileen Airey. and Mrs Bathra Peckham ontinued lo serve as Trustees of the CIO throughout the year. The Trustees maintained contact and met online once and in person iwce in 2024. The Trustees travel from Johannesburg - South Afrtca. CaerphIl￿ - Wales and London- England, lo attend Trustees Meeltngs. The Parish Priest and Communty of St Luke's Parish ift PinneT kindly allow the Trustees lo meet in the Parish Hall. The Oaklord Sisters had lived and ministered in this Parish Community for many years and 8re still fondty remembered and wekomed in the Parish. We are grateful as this is conveniently positioned and accessible to th8 Trustees who travel into London for the CIO meetings. The Dominican Congregation of Saint Catherine of Siena of Oaklord. Natal CIO 2

Rèport of the Trnstfjes Year to 31 D8cember 2024 Review of the ar actimties a￿1 rfomiance In accordance with the Charity's objective.. "advancement of the Roman Catholic religion thiough the religious and other charitable work of the Congreg81ion the Trustees focused on three aspects.. Supp)rting the care of our Sister in retirement in England and Sisters in South Africa,. prornoling the Roman Catholic faith., and the ¢haritable works of the Sisters in South Africa. Review of the ar activities erformance {conlinued) The Tiuslees, focused on three aspects of the Charity's objective, and provided funding lo support the same.. Care of our Sistèr in retirement In England ond Sisters in South Afrlca The last of the 08kford Sisters livin9 in England is resKlenl in Sl Vincent's Nursing Home, where sh8 receives frequent visits from her close friend, and members of St Luke's Parish. Al lime5 former colleagues call on her, 8nd the Sisters from South Africa ensure she remains part of her religious communSty by visiting as often as is possibl8. In the South African area. our retired Oakford Sisters are resident In Villa Assumpts, a care f8cility where some of them had fomigrly cared lor the lay resid8nts. Nowthal they are retired themselves, the lay staff takes care of both the Sisters and lay Residents in the Home. Congregational Leadership ensures that our seniors a￿ included in the Assemblies logelhor th the Sisters involved in active ministry. as far as is possible and as they are able. These occasions are special for everyone in Ihe Area and the follow-up vi511s beiween the different 'generalions' are greatly appre¢ialgd and enjoyed by all. b. Promotlng tho Roman Catholic falth Pastoral care The Sisters in ¢har9e of tt)e pastoral 8spect of the care facility, where our seniors are resident, arrange for regular religious services, open to all who wish lo participate. One example being when someone dies, be il a Sister or any other resident, 'Memory Circles, are organized to give Thanks and Celebrat8 the lif8 of those vtho have passed away. Race relations, reconciliation and healing The South Afric8n society has made some strides in developing a cohesive nation. However. shadows of Apartheid and racism still present a challenge to the 'rainbow nation.. To contribute lo the healing of the peoples of our nalion, our Sisters undertook two V￿kend workshops in 2024 to focus on reconciliation and healing. The first weekend was arranged for the 16th of June {Annwersary of Ihe frst of Ihe 1976 Anli-8parth8id Riotsl. The second weekend was planned for the 9th of August 2024, on Women's Day in South Africa. The Dominican Congregation of Saint Catherine of Siena of Oakford. Natsl CIO 3

Report of the Tru5t•os Year to 31 December 2024 b. Promoting the Roman Catholic faith (Gontinuedl Sisters gathered in prayer. Front row L to R.. Sistsrs Eva-maria, Anna, Bemadette. Sizakele and Lklia. Second Row.. Sr Anna-maria Our retired seniors and Sisters our in active ministy in Ihe South African Area part￿ipated. Non-partial Facilitators were employed lo provide input on the topic of 'Difference' potentially being an invitation to dialogue 8nd enrichment. For the work on'Healing and Reconciliation,, the Facilitators offered reflection lime and had planned m$aninglul and chaI￿n91n9 processes for the Sisters to engage with. Safe spaces were created lo share life experiences across the racial. cultural, 8fKI language divide where personal stories were shared in small groups. Learnings were gathered in the plenary Sessions, strengthening community bonds, and this also deepened our understanding of each otherfs personal history, coming from tha across Ihe spectrum of our cultural and ra¢ial families of origin. Thls event opened our mindsets as participants and provided possibiliiies to review the systems we h8d grown-up in or joined as missionarie5 later in life. Indeed, a very personal and lormalive experience, which can and will be used in the broader context of life, community and in our ministries to and with others. Tha charitable WOfk$ of the Slst•rs. in formation for L8adershi The Trustees have approved and contsnue funding for ongoing development for18adership for the Sisters. The Sisters Sn 8clive ministr￿$ are Ihen able to ulilize what they have learneé in their ministries in the Parishes, ca￿ and Retreat Centres. This seNce is also valuable to Ihose whom we can empower lo provide similar skills to others with whom the Sisters work. Safe ardin trainin online & in rson The Trustees have tried lo attend ongoing training in Safefjuarding. joining certain online programmes provided by Stone King & Re1￿lOuS Life Safeguarding Services IRLSSI and have found these to be most valuable in our minislries, especially where sud) progr8mm8s are not yet availabl8. The Dominican Congregation of Saint Calherine of Siena of 08kford, Natsl CIO 4

Report of th? Trustees Year to 31 December 2024 Trustees mel with Consultants Financial matters and auditing aspects of the Charity were di￿U$Sed with experts to help the CIO and Congregation comply with civil and canonical rules a￿j regulations, while also aiming to oplimize our invesimenls for the Charlty's benefit. Thts is also important. particularfy as the CIO relies on the Sisters, Pensions and interest gained on our investments. Our Sisters had served in the Missions in South Africa, and they only joined the pensitin fund scheme on their retum lo Englond. and therefore Ihelr penslons are small. Future lans The Trustees will Continue te promote and work wllh the Objects and Aims ofthe CIO in caring for the aglng members, the advan¢emenl of the Roman Catholic religion and other charitable work of the Congregation Iconslilutions of the CIO 1165125 no 3 page 21. The diminishing numbers and age profile of the member5 of the Congregation. suggest that larger projects are not likely lo be attempted. Each rnember wll continue lo give herself and live the Gospel Values in ways which invite and encourage others to do the same. The resources wll be monilored lo ensure that the assets. material and spiritual, wll be for the benefit of those being Cared for in their senior yoors. The recently appDinted Leadership Team of the British Province of the DaughteTS of Charity of Sl VinGgnt de Paul have assured us of their commitment to th8 ongoing guidance and SUPPDrt provided by their preéecessors. We are most grateful to our Sisters and friends. The finanry81 expertise and administrative support of your personnel has been invaluable lo the CIO and its Trustees. We thank the Congregational Leadership of the Bushey Dominican Sisters f¢y the seM¢e Sislei Eileen graciously provides as a Trustee. Mrs Peckham makes herself available and travels many miles lo attend the meetings and offers her skills and knO￿edge lo the CIO. Our special 'Friends of the Charity, are always willing lo support the tiny ￿MTrant of our Oakford Sistgrs in the Sl Vincent's Nursing Home, in England and those who visit her regularfy. Financlol reviaw for th• yèar Results for the year The total income for the year was £135,48312023 - £128,042), re5ulling in an increase of 5.80/0 year on yèar. During the year. the charity incurred expenditure of £124,108 12023 £102.5791. This represents an increase of 20.9°/.. The majority of the expenditure relates to the costs ol providing care for the elderly Sister in the UK which amounted lo £84,71012023 - £78,196). In addition to this, more funds were transferred this year lo support the work of the CIO in the area of workshops wthin South Africa. The Dominican Congregation of Saint Catherine ol Siena of Oakford, Natal CIO 5

Report of tho Trustees Year to 31 De￿mber 2024 Financial rgvlgw for tho year Icontinuedl Over thè years, the number of Sisters in the English Area has drastically d8clined, leamng onFy one Sister remaining. The charity no longer operates any institutions and there is very little e8m8d income. The Sisters volunteering in South Africa also donate their pensions lo the charity lo ssjpport those dependent on the charity in the UK. Net income for the year was £11.37512023 £25,463} aftsr investment gains of £250,078 iesultsng in a n81 increase to funds for the year of £261,45312023 £157.4891. This result indicates that the perfom)ance has fvrther increased Irom prior year, withhigher gains in the current year. Inv05tmentpoli¢y and perforn?anc8 The investrnents of the Charity are managed by Sarasin & Partners LLP. The trustees meet annualty wilh Sarasin & Partners to ensure Ihe funds ar8 managed in accordance with the ethical and religious principles ol the Congregation. The aim of the porttolio is to enhanoe the capital value over the longer-lerm whilst generatin9 sufficient income lo support the ongoing activities of Ihe Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO. The trustses have invested in the Sarasin Climate Active Endowment CAI fund. The policy of this fund wll avoid investments in tobacco, and resldct Investments in arms, gambllng. alcohol. pornography. thermal coal and tsr sands. At the end of the year 31 December 2024 the charity had investments lolalling £2.9 million 12023 £2.7 millv)n}. These investments generated an income relum of 2.6eo/o {2023 2.79°/o}. The investment increased in value and the capital yield for the yearwas 9.37U/o12023 5.21 Q/ol. The trustees are satisfied that the investment managers were able Io SLIC￿ssfullY slabilise the portfolio. by adjusting the strategies lo (Ine of fully global equity allocation. This provided portfolio access lo a wder and more diversrfied Investment universally, which has enhanced return and reduce associated volatility. ReseNes pollcy and flnancialposition At the end of 2024, the lot31 assets of the charity were £4.0 million 12023 - £3.7 million). Funds of £1.0 million 12023 £1.0 million) have been designated lo provide support for the ol¢Jer members of the Area. The Oakford sharing fund stood al £505.35212023 - £527.1671 and is held primarily to fin8nce Sisters from outside of the UK during wsils lo England for such matters as formation and sabbats'cals. The remaining designated funds comprise £2.3 million 12023 - £2.0 million) to support the Congr&galion's overseas misS￿n5. The general funds of the charity Stood at £243,954 at 31 December 2024 {2023- £260,686). This is significantly higher than the trustees, policy which is to hold around th? equivalent of one year of recurring expenditure as free reserves. 11 is anticipated that deficits will occur In the next few years due to the increased costs of maintaining eldedy Sisters and a re- assessment of financial needs is being undertaken which may result in additional amounts being wthdrawn from designated fvnds. Details of the funds and their composition are sel out in the notes lo the accounts. The Dominican Congregation of Saint Catherine ol Siena of Oakford. Natsl CIO

Rgport of lh• Trustees Year to 31 December 2024 Govèrnancè. structure and management Govornance According lo ch￿￿h Law. the Congregation is govemed al an intem8tKJnal level by the Congregational Prioress and her Congregational Leadership Tearn of three C(KJncillors with the Generalale l Headquarters in Johannesburg. South Africa. The leadership team is elected every six years 81 the GeneraVc0ngregat￿nal Chapter by representatives of the four geographic Areas of the Congregation. One of the Councillors is responsible for the Sister in England- the other three Councillors each have responsibility for the Sisters in Gemany, South Afriea and the USA respectively. Sister Paul8-M8ry recruits Trustees by approathing those who she thinks would suit the role and asks them to join a meeting wrth the current Trustees. If all Trustees are h8PPy Wlth Ihe C8ndidate, they will be invited tojoin the Trustee body. Trn$t￿$ of the CIO of the Domlnican Congregation of Sl Calh8rin8 of s￿n3 Oakford. Natal. (L lo RJ Sr Paula-M8ry Van der Waft OP, Mrs B. Peckham & Sr EAle8n Airey OP. Trustees. responslbllllles statement The Trustees are responsible for preparing the report of the Trustees and accounts in accordance with applicable law and United ￿'ngdorn Accounting StandaTds {Uniled Kingdom Generally Accepted Accounting Practi￿). The law applicable to charities in England and Wales requires the Trustees lo prepare accounts for each financi81 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 these accounts. the Trustees are required to.. select suitable accounting policies and then appty them consistently., obsetve the methods and principles in A￿oUntIng and Reporting by Charities.. Statement of Recommended Practice applicab￿ to ch8ritiès preparing their accounts in accordance th the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 1021, make judgements and estimates that are reasonable and prndent- state whether applicable United Kingdom Accounting Slantjards have been followed, subject to any material departures disclosed and explained in the acGounts,' and prewre the ￿coUnt$ on the going cOn￿M basis unless Il is inappropriate to presume that the charity will continue in operation. The Dominican Congregation of Saint Catherine of Siena of Oakford. Natal CIO 7

Roport of th• Trustees Year to 31 December 2024 The Trustees are ￿sponsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial kx)sib"on of the charity and enable them to ensure that the accounts comply with the Charities Acl 2011, applicable Charity IAccounts and Reports) Regulations and the provisions of the Gharity's constitution. They are also respongble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevèntion and detection of fraud an¢J olher irregularities. Strncture and management reportlng The Trustees are ultimately responsible for the policies, acliwties and 8ssets of the charity. They meet regulady to review developments in Connection with the charity and its activities and make important decisions. They seek the advice of the charity's profession81 advisers. including investment managers, accountants, and solicitors. Key management personnel The Trustees consider that they comprise the key rn8nagemenl of the charity in charge of directing and controlling. running and operating the charity on 8 day-to4ay basis. No Trustee Se￿ed during the year received any remuneration or reimbursement of 8xpenses in connection with their duties as Trustees or their work as key management. Publ1¢ benefi¢ The Trustees have had regard to the guidance on public benefit issued by the Charity Commission. Rl$k management The Trustees undertake an annual revw of the principal risks and uncertainties that the charity faces, calegorising the risks beiween those affecting the governance and management of the Gharily, operational risk5, linancial risks, reputational risks and those which occur because of circumstsn¢es OLJtside of the charity's Control such as Changes in government policy, laws and regulation5. They regulady review the measures already in place, or needing to be put in plaee. lo estsblish policies. systems and procedures lo mitigate those risks identified in the annual review and ensure that 8clion is taken lo imF4ement changes lo those policies, system5 and procedures should they be needed lo minimise or manage any potential impact on the charity should those risks materialise. The Trustees have identifi8d five main areas where risks may occur.. governance and management,. operational,. financial", reputalional,- and regulatory. Governance and Management looks at the risk of the Congreg8tion, and hence the charity, 8Lfftering from a lack of membership and capactly in the area of skills and training, a lack of direction, and good creativ& use of its resources. Op•rational l¢)oks al the risks inherent in the Charity's activitiès including, for example. th8 members ol the Congregation engaging in inappropriate activities, shorlcomings in the services provided. and poor health and $8fety. Fin8nclal dsks include thc)se arisino as 8 ￿$￿11 of global markets f811ing. poor budgetary control, in8ppropri8te spending, poor accounting and inappropriate investment policies. The Dominican Congregation of Saint Catherine of Sien8 of Oakford, Natal CIO

Report of lh• Truslfres Year to 31 December 2024 Reputational lo(*s at possib18 damage to tha Con9regation's, and hence the charty's, repu(ation. Rggulatory looks al the effecls ofgovemmenl policies. the consequences of non-compliance wilh laws and regulations and poor risk 8ssessment. Having assessed the major risks lo which the charity is exposed, the Trustees believe that by monitoring reserve levels, by ensuring controls exist over key financial systems, and by examining the operati¢)nal risks faced by the charity, they have established effective systems lo miligale those risks. The key risk for the tharity is described below, along with the principal ways in which il is mitigated.. The tharily's principal assel ¢ompri¥es listed investments, Ihe value of which is dependent on movements in UK and world stock markets. The investments are managed by reputable investment fftanagers who adhere to a policy agreed by the Trustees. The investment slralegy is assessed regularly lo ensure il remains appropriats lo the ch8rily's needs- tx)th now and in the future. Fundraislng pollcy The charity aims to achieve best practice in the way in which it communicates with donors ond other supporters. It takes care wlh both the lone of ils communications and th& accuracy of ils data lo minimise the pressures on supporters. 11 applies best practice lo protect supporters, dats and never sells data, rt never swaps data and ensures that communication preferences can be changed al any time. The charity does not employ the services of professional fuThlraisers. The charity undertakes lo react to and inveshgale any complaints regarding ils fundraising actiwlies and to leam from them and improve its service. The charity received no complaints about its fundraising activities in either 2024 or 2023. Signed on behalf of the Trustees Barbara Peckham Trustee Approved by the Trustees on.. 30 June 2025 The DOMIn￿an Congregation of Saint Catherine of Siena of Oakford. Natal CIO 9

Indopondont examinerfs report Year to 31 De￿rnber 2024 Indepondent •xamin•fs report to the Trustees of The Domlni¢an Congr•gation of Saint Catherine of Siena of Oakford. Natal CIO I report lo the Trustees on my examination of the accounts of The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO (the tharityl for the year ended 31 December 2024. Rgspon$lbllltles and bosls of roport As the Trustee5 of the charity you are responsible for the preparats.on of the a¢wunts in accordan￿ with the reqLsirements of the Charities Act 2011 Ilhe Act'}. I report in respect of my examination of the charty's accounts as carried out under section 145 of the Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the Act. Independenl ?xamingr'$ statement I have completed my exarninalion. I confirm that no malefial m8tters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. + accounting records were not kept in respect of the charity as required by section 130 of the Act,. or • the accounts do not accord with those records,. or • the accounts do not comply with the applicable requirements conceming the form and content ofac¢ounls set out in the Charities (Accounts and Repx)rts} Regulations 2008 other than any requirement that the a￿Oun￿ give a 'lrue and fair view, which is not a matter considered as part of an independent examin81ion. I have no concems and have come across no other matters in ¢onn8Ction with Ihe examination to which attention shguld be drawn in this report in order to enable a proper nderstanding of the accounts to be rèached. Peter macke￿1h, Chartered Accountant Buzzacott Audit LLP Chartered Accountants 130 Wood Street London EC2V 6DL 1 July 2025 The Dominican Congregation of Saint Catherine of Siena of Oakford, Natsl CIO 10

ststemonl of financial activllles Year to 31 December 2024 2024 Total funds 2023 Total funds Notes Income.. Donations Investmenl income and inte￿t receivable Total Incom 42.066 93,417 135.483 39.8eA) 88,182 128,042 Expenditure.. Charitable activities Support of M￿be[S of the CoTr3re9ation and their ministry Total •xpgndlture 124.108 124,108 102.579 102,579 Not income fow the yoar b•for• n•t investwent 9alng 11,375 25,463 Net Inve5ttnent gains Net M0￿ment In funds 250,078 261.453 132.026 157,489 R•eoneiliation of funds: Total fvAds brcwght forward 8t 1 January 2tr24 3,787,853 3,630.364 Total funds earned fomard at 31 December 2024 4,049,306 3.787,853 All recognised gains and losses 8re induded in tha above slalement of financial activities. All income and expenditure for ts above financial periods was unrestricted. All of the charty's actNities derived from eontinuing operations during the above two finanaal periods. The Dominican Congregation ol Saint Catherine of Siena of Oakford. Natsl CIO 11

Balance sheet 31 December 2024 2024 2024 2023 2023 Note5 Fixed assets Investments 2818,348 2,668,271 Curront assgts ¢8sh at bank and in hand 1.1S7.359 1,146,463 Uabllltles Credilor5.' amounts falling due thin one year 26.4011 {26.881) Net current assets Total net assets 1,130,958 4,049,306 1,119,582 3,787.853 Represented by.. The funds of th• charlty Unre5tricteLI funds . General funds Designated funds 243,954 3,805,352 4,049,306 260.686 3.527.167 3,787.853 The financial statements on page5 11 to 28 were approved by the Trustees and signed on their behalf by.. Barbara Peckham Trustee Approved on 30 June 2025 The Dominican Congregation of Sainl Catherine of Siena of Oakford, Natal CIO 12

Slatement of cash flows Year to 31 December 2024 2024 2023 Notes Cash flovts from operallng activities: Net cash Iwed inl operatlng acti￿118$ 1815221 {61,9￿) Cash flows from Inwstlng a¢tlvltlg$: Investment in(t>me received Interest re￿Ned cash provld¢d by I￿￿81￿ng acUvltle8 70,876 22.$41 93,417 70,84e 17,334 88,182 Change In cash and cash equlvaEents In the perlod 10.895 26.183 Cagh and ¢a8h equivalents at 1 January 2024 1,146,485 1,120.302 Cash and cash èquivalents at 31 December 2024 B 1.157,380 1.146,485 Notes to thè statement of Gash flows for th• y•ar to 31 0oc•mtsgr 2024 A R•conclllatlon of ￿t mov•ment In fund$ to net ¢a¥h u$8d In V￿ratIn9 a¢Wvltle$ 2024 2023 Ngt movernant In funds las per the stat8m?nt of financlal actbvltkni Adjustments for: (Gainsl on listed investments lnVestrr￿nt inix)me recewable Interest r&eivable IDecreasellincrease in credrtors N•t tAsh (usèd In) oporatlng actlvltleg 261,453 157.489 1250.0781 170,781} 122.6351 14801 182,5221 1132.0261 170.7811 117.4011 720 I61,9￿) B Analysi5 of cash and cash equivalents 2024 2023 Cash at bank and in hand Cash held by investment managers Totsl ¢o$h •hd cash eoulvalents.. 1.157.359 21 1,157.380 1,146.463 22 1,146.485 No separate reconrAlialion of nel debt has been prepared as there is no difference be￿een the nel cash {debll of the charity and the above cash and ¢a$h aquivalents. The Dominlcan Congregation of Saint Catherine of Siena of 08kford, Natsl CIO 13

Principal a¢¢ounllng policies 31 December 2024 The principal accounty'ng policies adopted, judgements and key sources of eslimalion uncertainty in the prep8r81ion of thè accounts are laid out below. 8asls of preparation These accounts have been prepareil for the year to 31 December 2024 with ￿MParatIve inlom)ation gNen in respect lo the year to 31 December 2023. The charity was incorporated on 11 January 2016 in England and Wales. The address of the admini51ralive office of The DOmin￿8n Sisters ol 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 items recognised 81 cost or transaclSon value unless otherwise slated in the rdev8nl accoLtnling policies below or the notes lo these awjunls. The accounts are presented in sterling and are rounded to the nea￿$1 pound. The accounts have been prepared in accordance with Accounting and Reportlng by Charilles.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanual Reporting Standard applicable in the Unitsé Kingdom and Republic of Ireland (Charities SORP FRS 1021. the Financial Reporting Standard applicable in tho UK and Republic of Ireland IFRS 102) and the Charities Act 2011. The charity eonslitules a public benefit entity as defined by FRS 102. Ass•ssm8nt of golng concern The Tfuslees have assessed whether the use of the going concern asstjmption is appropriate in preparing these am?unts. The Tnjstees have made this assessment in respect lo a period of one year from the dale of approval of these accounts. The Trustees acknowledge and recognlse the effect of the current macroeeonemic and geopolitical environment on society ir￿lUding the charity. Whilst they recognise that there may be some negative consequences such as fluctuations Iri the value of the investment portfolio and reductions in related income. the Trustees are of ihe opinion that the charity will h8ve sufficient resources lo meet its liabilities as they fall due. The Tru$lee$ of the charity have concluded that there are no material uncertainties related to events or conditrons that may cast significant doubl on the ability of the charity to continue as a going concem. With regard to the year ending 31 December 2024, the most signrficanl areas that may affect the carrying value of the assets held by the charity are the level of investh)enl retum and the performance of the investment markets Iplease see the investment polw and the risk management sections of the report of the Trustees for more infomiationl- The Dominican Congregation of Saint Catherine of Siena of Oakford. Natal CIO 14

Principal accounting policies 31 December 2024 Crltlcal a¢¢ountlng ostlmatos and argas of ludgoment Preparation of the accounts wquires the Trustees to make signthcant judgements and estimates. The items in tr￿ accounts where these judgements eslimales have been made include.. estimating the size of the rellremenl reseNe created In order to provtde for the continuing care of the members in their r¢tiremgnl and determining other designabons.. and assessing futu￿ income and expenditure flows for the purpose of confirniing that the charity is a going con¢em. The Trustees have assessed the current macroeconomic and geopolitical environment on the charity's future income and expenditure flows and on its financial position especially in the light of the perfom)ance of investments values (see assessment of going ¢oncem £bovel. Incomo r•cognition Income is recognised in the periotj in which the charity has enlillemenl lo the income, the amount of income can be measured reliably a￿1 it is probable that the Income wll be received. Income comprises donations and investment income. Donations. including pensions of indNidual religious re￿iVed under Gift Aid or deed of covenant, are recognised when the charity has confimation of both the amount and selllement dale. In the event of donations pledged bul not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject lo Gondilions that require a level of perfomiance before the charity is entitled lo the fijnds. the income is defeNed and not recognised until either those cpndilions are fully mel, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those condilions will be fulfilled in the reporting period. Dividends are rect￿nIs$d on¢9 Ihg dimdend has been declared and notif￿ation has been received of the dividend due. Interest on funds held on deposit is included when receivable and the amount can be measuied reliably by the charity- this is nomally upon notification of thè interest paid or payable by the bank. The Dominican Congregation of Saint Catherine of s￿n3 of Oakford, Natal CIO 15

Principal accounting policios 31 December 2024 Expenditure rgcognlllon Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo make a payment lo a third paty. il is probable that a transfer of economic benefits wll b& required in settlement and the amount of the otiligation ean be measured reliably. All expenditure is &¢ovnled for on an accrua15 basis. Expenditure comprises direct costs and support costs. All expenses, Includlng support costs, are allocated or apporNoned lo the applicable expenditLJre headings. Expenditure on charltable activtties includes all costs associated with fut1herin9 the charilabla purposes of the charity through the provision of ils charitable 8Ctivilies. Such costs include costs in respect to the support of members of the Congregation and enabling their ministry. induding govemance costs. All expenditure is stsled inclusive of irrecoverable VAT. Support and govornan¢• costs Support costs repres¢nl indirg¢1 Gharitable expenditure. In order lo carry out the Pfimary purposes of the charity il is necessary lo provide support in the fomi of personnel developmenL financial pr0￿dureS. provision of office services and eouipment, and a suitable working environment. Govemanee costs comprise the costs involving the public accountability of the charity and costs in respect lo its Compliance with regulation and good practice. All expenditure on support govemance is allributed directly lo the charitable activities of supporting Members of Ihe Congregation and enabling their ministry. Fixèd assat inv•stments Listed investments S￿ a fom) of basic financial instrument and are Initially recognised al their transaction value and subsequently measured al their fair value as al the balan￿ sheet date using the closing quoted market price. The charity does not acquire pul options, derivatives orother Complex financial inslTumenl8. The main form of flnanclal rlsk faced by the charity is that of volatility in equity markets and investment markets Llue lo wider economic conditions, the attitude of investors to investment risk. and changes in sentiment concerning equities ar￿ within particular sectors or sub sectors. Realised gains lor losses) on investment assets are calculated as the difference betsveen disposal proceeds and their opening carrying value or their purchase value if acqui￿￿ subsequent lo the first day of the financial year. Unrealised gains 8nd losses are calculated as the dtfference between the fair value 81 the year end and their carrying value al thal date. Realised and unrealised investment gains lor lossesl arè combined in the slatement of financi81 actbViti8S and are crediled lor debited) in the year in which they arise. The Dominican Congregation of Saint Catherine of Siena of Oakfcfd, Natal CIO 16

Principal ac¢ounling policies 31 De￿rnber 2024 Debtors Debtors are recognised al their selllemenl amount. less any provision for non-recover8bilty. Cash at bank and in hand Cash 81 bank and in h8nd represents such accounts 2nd instruments that are available on demand or have a maturity of less than three months from the dale of acquisition. Crgditors Creditets are recognised when the￿ is an obligation al the balanee sheet date as a result of a past event, il is probable that a transfer of economic benefit wll be required in settlement, and the amount of the settlement can be eslimaled reliably. Creditors and provisions Ére recogni5ed at the amount the charity anlicipales it ￿￿11 pay to settle the debt. They have been discounted to the present value of the futu￿ Cash payment where such discounting is material. Fund accountlng The funds of the charity wmprise unreslricled funds available for us@ in furtherance of tha charity's objectives at the discretion of the Trustees. Within the total unrestricted funds are three designated funds - the retirement fund, the 08kford sharing fund and the overseas In155ions fund. Oetsils ￿ Ih¥se lunds are provided in note 9. ServSces provSd•d by membèrs For the purpose of thes8 accounts, no monetary value has boen placed on adminislralive and other services provided by members of the Congregation. The Dominican Congregation of Salnl Catherine of Siena of Oakford, Natal CIO 17

Notes to the accounts 31 December 2024 1 Donations 2024 Total fund$ 2023 Total funds Pensions of individual religious received under deed of covenant and gift aid 42.066 39.860 2 Investment income and interest receivable 2024 Total funds 2023 Total lun¢Js Income from listed Investments Multi asset fuThYs 70,781 70.781 70.781 70.781 Inttfèst recelved Investment Inte￿st Bar¢k interest 95 22,541 93,417 17,334 88,182 3 Support of mombers of the Congregatlon and their ministry 2024 Total funds 2023 Total funds Sisler5' liviro and personal expenses Nursi￿ care and medical costs EdUCat￿n. Iraining and spiritual rgnewal Support costs Governance costs Inot& 41 7.270 84,710 20.920 9,078 2,130 124,108 6.050 78.196 7,045 8,060 3,228 102,579 4 Governance costs 2024 Total funds 2023 Total lun(15 Professional fees 2.130 3.228 The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 18

Notes to the accounts 31 December 2024 S Net inctsme for the ye8r before Mt Investment gains This Is stsled after charging: 2024 Total fund 2023 Total funds Independent axaminarfs fymuneralion Independent Èxamination 2024 2023 15101 2.130 3,228 3,228 6 Taxation The Dominican Congregation of Saint Catherine of Sien8 of Oakford, Natal CIO is a registered ¢harity and, therefore, is not liable lo incomo lax or ¢apilal gains tax on income derived from its charitable aclwilies, as il falls within the various exemptions available lo registered charity'es. Y Inv•stm•nts 2024 2023 Llsted Investments Fair lrnarkell value at 1 January 2024 Net ￿n￿alIsed inveslmenl gains Fair Im8rketl value at 31 Décember 2024 Cash held by InveStm￿t managers 2.668,249 2,536.223 250,078 132,026 2.918.327 2,668,249 21 22 2.918,348 2,668,271 Cost of listed investment3 at 31 December 2024 2,669.858 2,669,858 Listed investments comprisèd tha following.. 2024 2023 Sarasin Climate Active Endowrnenl Fund 2,918,327 2,668,249 8 Creditors: amount$ lalling du• wlthln on• year 2024 2023 Accruals Amtsunt administered on behawol a member of the CA)ngregation 2,640 23,761 26,401 3.120 23.761 26,881 The Dominican Congregation of Salnl Catherine of Siena of oakI￿d, Natsl CIO 19

Notes to the accounts 31 December 2024 9 Designated fund$ The income funds ofthe charity indude the followng fundswhich comprise monies setaside by Trustees for a parti¢u12r purpose. At1 January 2024 Tran8fÈrg At31 09￿mb0r 2024 Ret1￿ment fund The Oakft>rd sharing fund Overseas missions fund 1,000,000 527,167 2,000,000 3.527.167 1,000,000 505.352 2,300.000 3,805,352 121.8151 300.000 278.185 Atl J&nuary 2023 At31 Dgcembgr 2023 Transfers Reliremenf lund Th8 Oèkford sharing lund Overseas missions fund I,ooo,00 537,372 1,800,000 3,337,372 i.Joo,000 527, 167 2,(100,000 3,527.167 {qO,205J 200.000 189.795 Retlrement fund A fund has been designated lo provide for the cha(ily's commrtment lo proV￿e for the retirement and care in old age and sickne$$ of the Congregation's members. The Oakford sharing fund This fund is inlen(Jed for.. • Future housing needs ol the Sisters of the Congregation in the UK (either within the UK or overs￿} and Soulh Afrfc8' Ongoing fomiation, sabbaticals and living expenses for the 08kford DOmini￿n Sisters visiting the UK from other Areas of the Congregation,. Use by the Congregation's Leadership when vis((ing and working with the Oakford Dominican Sisters in EnglaT¥J. Ovwseas missions fund This fund comprises monies available lo support the Congregation's overseas missions. There is no time frame for expendrture from this fund. The Dominkan Congregation of Saint Catherine of Siena of Oakford. Natal CIO 20

Notes to th• accounts 31 December 2024 10 Analysis of net as$ot$ betwoen funds The fund balances are represented by the fotlowing assets and liabilities.. Total net a55et5 Designated funds General funds Fund balances at 31 Decembor 2024 are repre$eb)ted by.. Investments Current assets Cu￿nt liabilitses 2.918.348 910,765 123,7611 3,805,352 2,918,348 1,1S7,359 126.4011 4,049,306 246,594 12.640) 243.954 Total net aS88ts To181 nel assets DesiGY701gd funds Gener81 funds Fund b8lanc8s al 31 December 2023 r8present8d by-. InVeS￿ents Cuffenl assets C￿￿&￿1 li8bilits88 Tolaln8tass81s 2,668.271 882,657 (23, 761) 3,527,167 2,668,271 1, 146,463 (26.881) 3,787,853 263,806 (3, 120J 260,686 The totsl unrealised gains Ilossesl as At 31 December 2024 constitute movements on revaluations and are as follows.. 2024 2023 Totsl unreallstd {10ssos) galns Included abov¢.' On invesltnenls (1.6091 Reconciliation of movements In unrnall$¢d galns Unrealised gains at 1 JanLJ8ry 2024 Net gains1105ses) arising on revaluatK)n in the year Unr8alised Ilossesl gains al 31 De￿mber 2024 11.6091 1133,6351 250,078 132,¢Y26 248,469 11.6091 11 Staff costs and r•muneration of Trust8as and key management personnel No Trustee received any remuneration or reimbursement of expenses in connection with their duties as Truslees12023- nonel. Duiing the year, the lotsl amount donated by the Trustees to the charity was £r)il12023- £nil)- During the year to 31 December 2024 the charity employed no slaff12023 - none) and therefore incurred £nil staff costs12023- £nill. The Trustees consider that they comprise the key management of the ¢h8rity in charge of directing 2nd conlmlling, running 8nd operallng the charity on a day lo day bas1S. Other than the items disclosed above, there have been no related party transactions during the period. The Dominican Congregation of Saint Catherine of Siena of Oakford. Natal CIO 21

Notes lo the accounts 31 December 2024 12 Ultimate Control The charity. which is constituted as a CIO, was ¢onlroll8d throughout the period by the Dominican Congregation of Saint Catherine of Siena Oakford. Natal by virtue of Ihe fact th81 the Congregational Prioress appoints the Trustees. The Dominican Congregation of Saint Catherine of Siena of Oakford, Natal CIO 22