2022-12-31-accounts

OF THE SACRED HEART OF JESUS CIO

DOMINICAN MISSIONARY SISTERS

Charity Registration CIO No. 1168379

DOMINICAN MISSIONARY SISTERS

OF THE

SACRED HEART OF JESUS

CIO

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31[st] DECEMBER 2022

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO

DOMINICAN MISSIONARY SISTERS

LEGAL AND ADMINISTRATIVE INFORMATION	LEGAL AND ADMINISTRATIVE INFORMATION
Trustees	Margret Musawa Musonda
	Filomina Mupfigo
	Andria Svorai Mazhunga
	Chama Mwila
	Eunice Lombe
	Philomina Musara Dzimba
Charity number (CIO)	1168379
Principal address	4 Gossops Green Lane
	Crawley
	West Sussex
	RH11 8BJ
Independent examiner	Richard Place Dobson Services Ltd
	Ground Floor
	1-7 Station Road
	Crawley, West Sussex
	RH10 1HT
Bankers	National Westminster Bank Plc
	2 Greenwich Church Street
	Greenwich
	London
	SE10 9BQ
Solicitors	Stone King LLP Boundary House 91 Charter House St
	Barbican
	London
	RC1M 6HR
Investment Advisors	Blackrock Investment Management
	P O Box 9036
	Chelmsford
	CM99 2XD
Advisory Committee	Amanda Francis
	Fergus Brotherton
	Ludwig Spagl
	Richard Ounsworth

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Contents

DOMINICAN MISSIONARY SISTERS

	Page
Trustees’ report	- 4 15
Independent Examiner's report	16
Statement of financial activities	17 - 18
Balance sheet	19
Notes to the accounts	20 - 30

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

DOMINICAN MISSIONARY SISTERS

The Trustees herewith present their Report and the Financial Accounts of the Charity for the year ended 31 December 2022.

The accounts have been prepared in accordance with the Accounting Policies set out in note 1 of the accounts and comply with the Charity's Constitution, the Charities Act 2011, and the Statement of Recommended Practice, "Accounting and Reporting by Charities", in accordance with the Financial Reporting Standard applicable in the UK & Republic of Ireland (FRS 102).

1. NAME, ESTABLISHMENT AND MAIN OBJECTIVE OF CHARITY

1.1 Name :

The Congregation of the Dominican Missionary Sisters of the Sacred Heart of Jesus is an International Roman Catholic Religious Congregation whose membership comprises 280 Sisters worldwide. It was founded in Rhodesia, now known as Zimbabwe, in 1891 where its Motherhouse was established and where the General Administration, known as the Generalate, resided until February 2006. The General Administration was relocated to England, and it is now situated at 4 Gossops Green Lane, Gossops Green, Crawley, West Sussex, RH11 8BJ.

1.2 Establishment of Charity

1.2.1 History of the Charity

The Congregation was registered as a Charity, No. 231237, on 27.01.1964 as "The Dominican Missionary Sisters of the Sacred Heart of Jesus" - correspondent details: The Prioress General, The Generalate, P.O. Box CY 1573, Causeway, Harare, Zimbabwe. This Charity was established by a Charitable Trust Deed on 31[st] July 2005. The previous Charity merged with its Generalate (Congregational Headquarters) to form a new Charity in 2006. The result was a slight change in name and a different registration number, 1114375. In July 2016, the Charity was registered as a Charitable Incorporated Organisation and acquired a new name Dominican Missionary Sisters of the Sacred Heart of Jesus Charitable Incorporated Organisation (CIO) and acquired a new number 1168379.

a. Areas of Benefit:

• National and Foreign to include Colombia, England, Germany, Kenya, Zambia, and Zimbabwe.

1.3 Objectives of Charity

• The objective of the CIO 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 Prioress General shall from time to time think fit, including but not limited to;

• a) The education of youth and the instruction of children in accordance with the doctrines of the Roman Catholic faith and the carrying out of such work amongst the population of Africa.

• b) The relief of poverty and the advancement of education and health throughout the world.

• c) Promoting and defending the dignity of vulnerable people, especially women and children.

• d) Promoting and defending - Care of the Earth and Integrity of Creation

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

2. CHARITABLE PURPOSE AND PUBLIC BENEFIT

2.1 The primary objective of the Charity is the upholding of the Roman Catholic Religion and meeting the needs of the people in our time as manifested in the Southeast London and West Sussex areas in the UK, but also to help others in the areas listed above, wherever possible and as far as our resources allow.

The underlying value is the belief in the uniqueness of each person and the holistic development of their potential at every level. Wherever possible the Charity collaborates with other Christian bodies. Facilities like the chapel, the meeting rooms and the convent grounds are available to the public.

2.2 The Mission Statement: The Mission statement is OUR VISION which we updated in every General Chapter to make it brief and sharper, to guide and inspire the charitable activities which extend beyond the UK to three continents of Europe, Africa, and South America.

The Congregation held a General Chapter in August 2021 in Harare, Zimbabwe and refined its VISION further to respond to the needs of the Charity today. The VISION for 2021-2027 reads as follows:

We are Dominican Missionary Sisters of the Sacred Heart of Jesus

We contemplate God’s Word and honour His presence

in one another and in all creation

United in our diversity,

we respond to emerging needs and safeguard the dignity of all, especially the vulnerable and marginalised

We are accountable and transparent

in managing financial and natural resources

and collaborate with others wherever we are missioned.

2.3 Public Benefit

The charity’s trustees have referred to the guidance in the Charity Commission’s general guidance on Public Benefit when reviewing the charity’s aims and objectives and in planning its future activities. They have considered how planned activities will contribute to the aims and objectives they have set.

3. GOVERNANCE, STRUCTURE AND MANAGEMENT

3.1 Governance of this International Missionary Congregation

In terms of Canon Law, the Congregation is governed at an international level by the Prioress General and her General Council. They monitor all legal acts and transactions and coordinate

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

DOMINICAN MISSIONARY SISTERS

all congregational activities according to their Constitutions and Directory and in line with the Charity Laws of England and Wales.

The Dominican Missionary Congregation ministers in six different countries: Colombia, England, Germany, Kenya, Zambia, and Zimbabwe.

NUMBER OF RELIGIOUS HOUSES AND NUMBERS OF MEMBERS ACCORDING TO COUNTRY 31.12.2022

SUMMARY STATISTICS - 31.12.2022

COUNTRY	HOUSES	NOVICES	PROFESSED TEMPORARY	PROFESSED PERPETUALLY	TOTAL
COLOMBIA	1	-	-	5	5
ENGLAND	2	-	2	7	9
KENYA	3	9	10	11	30
GERMANY	2	-	-	64	64
ZAMBIA	10	8	19	59	86
ZIMBABWE	14	3	13	70	86
TOTAL	32	20	44	216	280

All the Countries, except for Colombia, were visited physically. Colombia was visited virtually. The Trustees held Combined Councils Meetings with the leadership of Regions and Delegations. Workshops were held on various issues including Financial Management, Leadership, Handover to the incoming leadership, and Assignations to new responsibilities. The Trustees have been studying materials on how a charitable trust functions. They have also attended several workshops organised by investors to familiarise themselves with the duties and responsibilities of trustees. A full induction of trustees is yet to take place.

3.2 Governance of Charity and Trustees

In terms of Civil Law, the Charity is governed by a Constitution, dated 22 July 2016 and is a registered Charity - Charitable Incorporated Organisation Registration No. 1168379. The Trustees of the Charity are five members of the General Council and the Bursar General. The Trustees also meet with the Congregation's legal and accounting advisers to obtain a full briefing of their responsibilities and the Charity's position.

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

DOMINICAN MISSIONARY SISTERS

3.3 Structure and Management Reporting

The Trustees are ultimately responsible for the policies, activities, and assets of the Charity. In fulfilment of their responsibilities, the Trustees held hybrid (zoom and in presence) meetings during 2022 and met in person with the Charity, Richard Place Dobson, investment managers and financial advisors. They participated in the Zoom Meetings organized by Buzzacott, Stone King, the Catholic Charity Conference and APB. However, we still missed face-to-face interactions with our financial advisors.

The Trustees considered risks to the mission, to the health and safety of the Sisters and to the assets of the Charity, and they continued taking steps to mitigate these and other risks.

The membership of the English Delegation of the Congregation comprises 7 Perpetually professed members and 2 Temporary professed members. The 9 members are distributed in two communities or houses 6 and 3 respectively. Sacred Heart Priory Community is located at 38 Hyde Vale, Greenwich, London; while the Generalate community is situated at 4 Gossops Green Lane, Crawley. The communities are based in areas where it is believed that the Sisters' presence provides spiritual, emotional, moral and psychological support. The local superior in Greenwich is responsible for both the needs and the care of the Sisters in her community and she liaises regularly with the Trustees.

The community at Gossops Green consist of six members, who are the Charity's Trustees and were installed into office on 23[rd] August 2021. Due to the difficulties faced in getting Visas to England, the last two trustees arrived only in May 2022.

4. OVERALL MISSION

4.1 Outreach in different countries

The English branch of the Congregation of the Dominican Missionary Sisters Charity aims at supporting the religious and other charitable works carried on by the members of the Congregation and caring for its members throughout their lives through annual visits and

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

DOMINICAN MISSIONARY SISTERS

personal dialogue. The ministries of the Sisters of the Congregation, all of which benefit numerous members of the general public, fall into the following main areas:

• Education and Formation

• Provision of Health care

• Social and Pastoral Work

• Media

• Justice and Peace, and integrity of the earth

The above takes place mainly in overseas missionary work, where most of the members of the Congregation live and work. Social and pastoral work, as well as activities of Formation, are also taking place in England.

4.2 Working with other organisations in the UK

The Trustees recognise the absolute necessity of ensuring the protection and safety of all those the Charity serves. This means that all Sisters, who are in any kind of ministry in Great Britain, have obtained clearance from the Disclosure and Barring System. The Trustees are committed to implementing all policies and procedures of Safeguarding with confidence.

The Charity works with other Charities, such as the Society of Vincent de Paul (SVP), CAFOD and public bodies in the field of providing spiritual, social, psychological, and pastoral care. Spiritual and pastoral care is offered on an informal basis in the parishes, the neighbourhood and beyond.

4.3 Collaboration Activities:

Organisations the Trustees have worked with and the Charity has cooperated with during the year are:

4.3.1 The Roman Catholic Dioceses of Southwark and Arundel & Brighton:

The Dominican Missionary Sisters have continued to collaborate in the life and Mission of the Dioceses of Arundel and Brighton and Southwark. The following has happened in 2022:

• i. Southwark: Our Lady Star of the Sea Parish, Greenwich

The Dominican Sisters have continued to take part in the life and Mission of the Dioceses particularly at Our Lady Star of the Sea, Parish.

• a) Our Convent doors at Sacred Heart Priory, Greenwich, have remained open to the above 60 group, who come for prayers and companionship with those of their age. Our Sisters were committed to giving them reflections and offered them some refreshments. They also made follow-ups especially when a member of the group is missing, to be sure they are well. However, at the beginning of the year Covid 19 pandemic affected the turnout as most of them remained shielding.

• b) Planning for Confirmation by the Catechists was also done at the Convent and subsequently the Confirmation classes were done in our Convent too. Everyone appreciated the conduciveness of the Convent as a meeting place.

• c) Monthly some priests of the Diocese had their recollection day at the Convent. They prayed and had time together. The Sisters provided them with some refreshments.

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

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DOMINICAN MISSIONARY SISTERS

• d) The Convent is blessed with enough space, there were occasions when children from a nearby Daycare were brought by their teachers to play. The children, of course under the supervision of their teachers, had a great time.

• e) Neighbours feel welcome as some of them ask to pray in our Chapel and leave prayer intentions.

ii. The Crawley Parish (St Anthony and St Francis)

From 2022, the sisters have become highly involved in the life and mission of St. Anthony and St. Francis Parish than before:

a) They are involved in giving instructions to the confirmation candidates and children preparing for the first holy communion. b) People came to request for prayers for specific needs and counselling is rendered. c) The doors of the convent have opened to the public. Individuals and small groups make use of the chapel and the convent grounds for prayers, recollection, and celebration days. d) Christians come to pray at the Grotto, at any time of their choice for prayers to say a

prayer or Rosary.

• e) The sisters are participating in the choir and supervise the ‘Angels’ choir for the children.

• f) The Sisters are Eucharistic Ministers they took part in bringing Holy Communion to the elderly, the sick and the housebound weekly which was highly appreciated.

• g) Our liturgies remained very meaningful particularly as we prayed for the end of the pandemic and for the whole church.

• h) Oversee to the monthly meetings of the Fraternal Group of Lay Dominicans. Being allowed to come together, especially towards the end of the year, was life-giving to each of them.

• i) Listening to Parishioners who occasionally phone the convent for a listening ear or to ask for prayers. Sisters always avail themselves of this service.

• The presence of the Dominican Sisters in the Parish is highly appreciated.

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO

Trustees Report ‐ 2022

----- Start of picture text -----
Note: Away from parish involvement, In July 2022, when Covid 19 cases were fewer, the
convent doors were opened to our neighbourhood community with friends to celebrate
Queen Elizabeth’s Platinum Jubilee. It was a joyful celebration.
----- End of picture text -----

4.3.2 Interdenominational/Interfaith

The Sisters have attended and taken part in the World Day of Prayer for Women. They took part in the activities of the day together with Christians from other denominations which enriched the encounter.

4.3.3 England and Wales:

• a) The Sisters belong to CoR (Conference of Religious)

• b) Collaboration with the Local Dominican family was enhanced. The Prioress General is fully involved in the Dominican Association of Britain and Ireland as part of the Dominican Family.

4.3.4 The World:

• a) The Sisters have continued to be proactive in DSI (Dominican Sisters International), DSE and the UISG meetings. This connected the Charity with issues of concern at the international level.

• b) Whenever new information was received, the Prioress General disseminated it to the Congregation so that the Sisters have an idea of what is happening in other parts

of the world, similarly, Our Sisters in different parts of the world also shared issues of greater importance which the Leadership then disseminated to the rest of the Congregation through the newsletter. Activities of interest are also shared such as tree planting with school children.

• c) The Trustees have visited most of the Countries where we are present for different activities and to receive perpetual vows of our Sisters. They took the opportunity to share news of what is happening in other parts of our Congregation.

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO

Trustees Report ‐ 2022

• d) The Prioress General attended meetings in Spain and Ireland and information was shared with Regions and Delegations.

5. ACTIVITIES, SPECIFIC OBJECTIVES AND RELEVANT POLICIES

5.1 Specific objectives

Our objectives are still the same as those in 2021.

• 5.1.1 The Advancement of the Roman Catholic Religion:

• Involvement in parish activities remains our priority.

• 5.1.2 The formation and training, maintenance, and support of the members of the Congregation

• a) The Sisters preparing for a perpetual profession in Kenya and Zimbabwe were given priority. Everything possible was done to hold the sessions in their presence.

• b) The General Councillors were all involved in the process of giving input.

• c) Ongoing Formation for Leadership remains a priority of the Trustees. The Leadership in the various Regions and Delegations availed online training through the preparation of the General Chapter. Other courses for leaders included Facilitation, Leadership workshops, computers, and reflexology. In the end, there was a lot more available for the sisters online than what we could provide if we had gone around personally to the various Regions and Delegations.

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

DOMINICAN MISSIONARY SISTERS

• 5.1.3 The education of the youth and the instruction of children in accordance with the doctrines of the Roman Catholic faith, the carrying out of such work amongst the population of Africa

• a) The Trustees visited England, Germany, Kenya and Zimbabwe to monitor and support the Sisters in their apostolates.

• b) Earmarked donations were passed on to respective apostolates. Other donations were passed on to areas of great need i.e. in education, health social ministries and care of the earth.

• 5.1.4 The Relief of Poverty and Advancement of Education and health throughout the World: a) Research on Justice and Peace and care for creation, was done and is now enshrined in the Congregational 2021-2027 Vision.

6. ACHIEVEMENTS AND PERFORMANCE

We empower all to respond compassionately to the needs of our time and to God’s Creation

Policies: To continuously study, evaluate, update the policies, Governance and management, Operational risks, Reputational Risks, Laws, Regulations and Environment Risks.

• 6.1 Website: The website continues to be a platform for anyone desiring to access information on the congregation. The Regions and Delegations uploaded the information and activities of interest.

• 6.2 Financial Advisory Committee: The Trustees successfully held two meetings.

• 6.3 Finance Workshops: The Regions and Delegations held finance workshops.

• 6.4 Virtual Meetings: The Trustees utilised technology and held various meetings on spiritual life and general affairs of the Congregation.

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

DOMINICAN MISSIONARY SISTERS

7. FINANCIAL REVIEW

A summary of the year’s results can be found in the appended accounts.

7.1 Independent Examination.

In consultation with Richard Place Dobson Services Limited, the Trustees decided to do an independent Examination since the income was below the recommended threshold of £250,000.00 for the year ended 31 December 2022.

Mr Harding explained the Independent Examination report re: 2022 Accounts. The following were highlighted:

• a. Going Concern: The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. i.e., The Congregation continues to exist on a secure financial basis.

• b. The Accounts are in good order, and they are below the expected threshold.

• c. The Charity Report is thorough and covers all aspects of what Charity is about, and the pictures capture everything.

• d. The Trustees are not reliant on selling the investments for cash flow in the short term since they still receive steady dividends quarterly.

• e. At the meeting in November the representative of BlackRock informed the Trustees that the Investment at BlackRock Catholic Charities Growth and Income Fund can fall and rise at any time. In 2021 the investment was positive though in 2022, investments were not spared. The reasons are inflation, tragic events in Ukraine, and European energy price increases. However, the benefits of BlackRock are that it does not just invest in the companies but in traded debts, (they have relatively low risk), and property. The investment stood at £1,301,712.70 and at the reporting date had decreased in value by £185,379.

8. Finance Administration and Management:

8.1 Responsibility of the Bursar General

The Bursar General is responsible for the administration of all financial affairs and material assets, the immovable property, and the General Fund of the Congregation, in accordance with the laws of the Church, State, and Congregation. The Bursar General acts under the direction of, and in close cooperation with, the Prioress General and is accountable to her (Can.636)

• 8.2 Advisory Finance Committee Zoom Meetings: Meetings with the Independent Examiner Mr. Daren Harding, Mr. Ludwig Spagl, Fr. Richard Ounsworth OP, Mr. Fergus Brotherton, and Amanda Francis were held on 10 June 2022 with the Auditors Mr. Harding present. On 29[th] November 2022, another meeting was held with the investment manager, Mr. Alexander Bitzakidis, from BlackRock.

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

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 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

8.3 The financial reserves:

The reserves are to serve Charity’s present and future needs relating to the education of our younger members and future pensions. The charity’s principal asset comprises listed investments, the value of which is dependent on movements in the UK and world stock markets. The investments have been managed by BlackRock/Charifaith who adhered to a policy incorporating ethical considerations agreed upon by the trustees. The trustees met 3 times inclusive of an informal AGM. The Budget for the Charity was approved annually by the General Council. The report with the investment managers, and the manager’s performance and that of the portfolio were monitored. The investment strategy was assessed regularly by the Advisory Committee to ensure it remains appropriate to Charity’s needs- both now and in the future.

• 8.4 Gift Aid: A Gift Aid Schedule for donations. There were no donations received that would have warranted a gift aid claim.

8.5 Reserves Policy

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to approximately between 6-12 months expenditure. At the year end date the reserves held are slightly in excess of the policy but this is due to the uncertainty ahead in terms of increased expenditure in light of the current economical climate.

9. Plans for 2023

• 9.1 Policies: The Trustees to study, update and implement all the policies.

• 9.2 Website: To continue updating the Website with new materials and keeping it up to date.

• 9.3 Financial Advisory Committee: To hold two meetings, one with the Auditors and the second with the Investment Managers.

• 9.4 Regional Chapter: The Trustees to continue nurturing, promoting, supporting and encouraging Dominican Governance at Regional/Delegational Level; Regional Chapter in Germany and Combined Councils Meetings.

• 9.5 Collaboration with the Dominican Family in Africa : The Regional/Delegational leadership of Kenya, Zambia and Zimbabwe will represent the General Leadership at the Assembly of the Dominican Sisters in Africa (DSA) in Kenya.

9.6 Celebrating membership and other milestones in Sisters’ lives:

• a. perpetual profession in Germany, Zambia and Zimbabwe.

• b. First profession in Zambia

• c. Jubilee of Religious Profession (Silver, Golden, Diamond).

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO Trustees Report ‐ 2022

10. Impact of the Russia - Ukraine War on the Charity.

On 24[th] February 2022 Russia invaded Ukraine in a major escalation of Russia-Ukraine conflict that had begun in 2014. As a result, the economy of the world has been affected. The high inflation rate has affected the Charity.

11. CONCLUSION

The Trustees wish to record their recognition of the commitment of the individual members of the Congregation. Their dedications, professionalism, selflessness service and positive approach in the advancement of the Congregation’s Mission Statement.

Looking back on 2022, the Trustees feel indebted to the Finance Advisory Committee Members for their commitment and diligence in helping the Trustees in their role, to the benefactors, and collaborators whose generosity assisted the Congregation in fulfilling its mission’s objectives. They look forward to future collaboration.

Approved by the Trustees and signed on their behalf by:

Sr Margret M. Musonda OP- Chair

Approved by the Trustees on: ………………………….. 16/10/2023

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO

Independent Examiner’s Report

I report to the trustees on my examination of the financial statements of Dominican Missionary Sisters of the Sacred Heart of Jesus (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited Chartered Accountants 1-7 Station Road Crawley West Sussex RH10 1HT

17/10/2023 Dated: .........................

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THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO

Statement of Financial Activities

Including Income and Expenditure Account

Current financial year

Unrestricted Unrestricted Restricted funds funds funds general designated 2022 2022 2022 Notes £ £ £ Income from: Legacies 3 - - - Donations 4 57,239 - 20,541 Other trading activities 5 3,754 - - Investments 6 39,630 - - Total income 100,623 - 20,541 Expenditure on: Charitable activities 7 150,344 71,285 20,541 Total charitable expenditure 150,344 71,285 20,541 Net (expenditure)/income before investments (losses)/gains (49,721) (71,285) - Net (losses)/gains on investments 10 - (185,379) - Net (expenditure)/income before transfers (49,721) (256,664) - Gross transfers between funds (5,581) 5,581 - Net movement in funds (55,302) (251,083) - Fund balances at 1 January 2022 184,704 4,146,355 120 Fund balances at 31 December 2022 129,402 3,895,272 120	Total 2022 £ - 77,780 3,754 39,630 121,164 242,170 242,170 (121,006) (185,379) (306,385) - (306,385) 4,331,179 4,024,794	Total 2021 £ 121,092 141,585 116 37,578
		300,371
		267,687
		267,687
		32,684 132,808
		165,492 -
		165,492 4,165,687
		4,331,179

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

17

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO

Statement of Financial Activities

Including Income and Expenditure Account (cont’d)

Prior financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2021 2021 2021 Notes £ £ £ Income from: Legacies 3 121,092 - - Donations 4 111,207 - 30,378 Other trading activities 5 116 - - Investments 6 37,578 - - Total income 269,993 - 30,378 Expenditure on: Charitable activities 7 140,744 64,984 61,959 Total charitable expenditure 140,744 64,984 61,959 Net income/(expenditure) before investment gains 10 - 132,808 - Net (expenditure)/income before transfers 129,249 67,824 (31,581) Gross transfers between funds (29,042) 29,042 - Net movement in funds 100,207 96,866 (31,581) Fund balances at 1 January 2021 84,497 4,049,489 31,701 Fund balances at 31 December 2021 184,704 4,146,355 120	Total 2021 £ 121,092 141,585 116 37,578
	300,371
	267,687
	267,687
	132,808
	165,492 -
	165,492 4,165,687
	4,331,179

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

18

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Balance Sheet

As at 31 December 2022

DOMINICAN MISSIONARY SISTERS

The financial statements were approved by the Trustees on ......................... 2022 Notes £ Fixed assets Tangible assets 12 Investments 13 Current assets Debtors 15 1,453 Cash at bank and in hand 133,645 135,098 Creditors: amounts falling due within one year 16 (5,580) Net current assets Total net assets Income funds Restricted funds 17 Unrestricted funds Designated funds 18 3,895,272 General unrestricted funds 129,402 16/10/2023	£ 2,593,563 1,301,713 3,895,276 129,518 4,024,794 120 4,024,674 4,024,794	2021 £ 122,495 70,468 192,963 (8,143) 4,146,352 184,707	£ 2,659,267 1,487,092
			4,146,359 184,820
			4,331,179
			120 4,331,059
			4,331,179

Sr Margret M. Musonda Trustee

19

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements

1 Accounting policies

Charity information

Dominican Missionary Sisters of the Sacred Heart of Jesus is a registered Charitable Incorporated Organisation (CIO).

1.1 Accounting convention

The financial statements have been prepared in accordance 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 UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investments which are included at market value, and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. The trustees have considered the impact of COVID 19 on the charity's finances but consider the reserves to be sufficient to cover all expenses and enable the members and Trustees to carry on delivering the objects of the Charity.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Donations and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Trading income relates to income from the charity shop and hospitality and is accounted for on a received basis.

Sisters pension income and other incoming resources are included in the Statement of Financial Activities in the year to which it relates.

Income from investments is included in the Statement of Financial Activities in the year in which it is receivable.

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

20

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements (continued)

DOMINICAN MISSIONARY SISTERS

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Liabilities are recognised as expenditure as soon as there is legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities relate to the cost of serving the community and that of carrying out the charity's international aid work. These expenses have been allocated directly to functional headings as shown in the Statement of Financial Activities.

Charitable activities

Costs of charitable activities are incurred on the Charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Support costs now include governance costs which are costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees, accountancy fees, legal and professional fees and bank charges.

Allocation of support costs

The main activity of the charity is to provide religious services to the community so all costs related to this are classed as direct charitable costs and all other costs are allocated as support costs.

1.6 Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 2% straight line Fixtures, fittings & equipment 25% reducing balance Computers equipment 33% straight line Motor vehicles 25% reducing balance

All assets costing more than £500 are capitalised.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

21

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements (continued)

DOMINICAN MISSIONARY SISTERS

• 1 Accounting policies

(Continued)

1.9 Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Basic financial assets

Debtors

Other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

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

Basic financial liabilities

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

1.10 Taxation

The charity is exempt from tax on its charitable activities.

1.11 Fund accounting

Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on the expenditure imposed by the donor or through the terms of an appeal.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Depreciation

Management has made assumptions and estimated depreciation rates in the respect of showing a true and fair view of the assets at the balance sheet date.

Investments

Valuation of investments at market value, based on calculation by the investment fund manager. The investments held are all shares listed on a recognised stock exchange and have an easily identifiable market value.

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

22

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements (continued)

3	Legacies
		Total	Unrestricted
			funds
			general
		2022	2021
		£	£
	Legacies receivable	-	121,092
4	Donations
		2022	2021
		£	£
	Donations	77,780	141,585
	Analysis by fund
	Unrestricted funds - general	57,239	111,207
	Restricted funds	20,541	30,378
		77,780	141,585
5	Other trading activities
		Unrestricted	Unrestricted
		funds	funds
		general	general
		2022	2021
		£	£
	Hospitality Income	3,754	116
6	Investments
		Unrestricted	Unrestricted
		funds	funds
		general	general
		2022	2021
		£	£
	Interest receivable	39,630	37,578

23

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements (continued)

DOMINICAN MISSIONARY SISTERS

7 Charitable activities

			Premises	Premises
			related costs	related costs
			2022	2021
			£	£
Depreciation and impairment			71,285	64,984
Donation giving			24,582	64,815
Sisters' living and administrative expenses			142,943	132,368
			238,810	262,167
Share of governance costs (see note 8)			3,360	5,520
			242,170	267,687
Analysis by fund
Unrestricted funds - general			150,344	140,744
Unrestricted funds - designated			71,285	64,984
Restricted funds			20,541	61,959
			242,170	267,687
Support costs
	Support costs	Governance	2022	2021
		costs
	£	£	£	£
Audit fees	-	-	-	3,420
Accountancy	-	3,360	3,360	2,100
	-	3,360	3,360	5,520
Analysed between
Charitable activities	-	3,360	3,360	5,520

8 Support costs

Governance costs includes payments to the independent examiners of £3,360 (2021: £5,520).

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year or were reimbursed any expenses during the year.

The trustees are however also members of the community. Members of the community are maintained by the charity and premises, meals and other living expenses are paid by the charity.

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

24

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements (continued)

DOMINICAN MISSIONARY SISTERS

10 Net (losses)/gains on investments

	Unrestricted	Unrestricted
	funds	funds
	designated	designated
	2022	2021
	£	£
Revaluation of investments	(185,379)	132,808

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

12 Tangible fixed assets

Tangible fixed assets
Cost At 1 January 2022 Additions At 31 December 2022 Depreciation and impairment At 1 January 2022 Depreciation charged in the year At 31 December 2022 Carrying amount At 31 December 2022 At 31 December 2021	Land and buildings Fixtures, fittings & equipment £ £ 3,725,193 279,030 - - 3,725,193 279,030 1,095,065 253,688 60,384 6,335 1,155,449 260,023 2,569,744 19,007 2,630,128 25,342	Computers equipment Motor vehicles £ £ 13,842 28,558 5,581 - 19,423 28,558 11,397 27,206 4,228 338 15,625 27,544 3,798 1,014 2,445 1,352	Total £ 4,046,623 5,581
			4,052,204
			1,387,356 71,285
			1,458,641
			2,593,563
			2,659,267

25

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements (continued)

DOMINICAN MISSIONARY SISTERS

13 Fixed asset investments Cost or valuation At 1 January 2022 Revaluation At 31 December 2022 Carrying amount At 31 December 2022 At 31 December 2021 The investments held at the year end which equated to more than 5% were as follow: BLK Catholic Charities Growth & Income A Inc - £1,301,713 The historical cost of the asset held as at 31 December 2022 was £867,002 (2021: £867,002). 14 Financial instruments Carrying amount of financial assets Instruments measured at fair value 15 Debtors Amounts falling due within one year: Other debtors (including legacies receivable) Prepayments and accrued income 16 Creditors: amounts falling due within one year Accruals

(Continued) Listed investments £ 1,487,092 (185,379) 1,301,713 1,301,713 1,487,092 2022 2021 £ £ 1,301,713 1,487,092 2022 2021 £ £ 1,453 - 121,092 1,403 1,453 122,495 2022 2021 £ £ 5,580 8,143

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

26

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

OF THE SACRED HEART OF JESUS CIO

DOMINICAN MISSIONARY SISTERS

Notes to the Financial Statements (continued)

17 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

			Movement in funds	Movement in funds		Movement in funds	Movement in funds
		Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
	1	January 2021	resources	expended	1 January 2022	resources	expended	31 December
								2022
		£	£	£	£	£	£	£
Overseas
Ministry Fund		31,701	30,378	(61,959)	120	20,541	(20,541)	120

The Overseas Ministry Fund represents amounts earmarked for overseas mission toward Emerald Hill School for the deaf, Emerald Hill Children's home and Sr Rita-Maria's projects for the poor people in Zimbabwe and Kenya.

27

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements (continued)

18 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at 1 January 2021 £ Maintenance Fund 1,354,283 Tangible fixed assets 2,695,206 4,049,489	Resources expended £ - (64,987) (64,987)	Transfer Revaluations, gains and losses Balance at 1 January 2022 £ £ £ - 132,808 1,487,091 29,042 - 2,659,264 29,042 132,808 4,146,355	Resources expended £ - (71,285) (71,285)	Transfer Revaluations, gains and losses Balance at 31 December 2022 £ £ £ - (185,379) 1,301,712 5,581 - 2,593,560 5,581 (185,379) 3,895,272	Transfer Revaluations, gains and losses Balance at 31 December 2022 £ £ £ - (185,379) 1,301,712 5,581 - 2,593,560 5,581 (185,379) 3,895,272
					3,895,272

The Maintenance Fund was set up to help maintain the sisters in their old age and retirement. Included within the maintenance fund is unrealised gains on investments of £434,711 (2021: £620,090).

The Tangible fixed assets Fund represents the net book value of the charity's tangible fixed assets which are not liquid funds and hence do not constitute free reserves.

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

28

DOMINICAN MISSIONARY SISTERS

OF THE SACRED HEART OF JESUS CIO

Notes to the Financial Statements (continued)

19 Analysis of net assets between funds

Analysis of net assets between funds
Unrestriced funds Designated funds Restricted funds 2022 2022 2022 £ £ £ Fund balances at 31 December 2022 are represented by: Tangible assets - 2,593,563 - Investments - 1,301,713 - Current assets/(liabilities) 129,402 (4) 120 129,402 3,895,272 120	Total Unrestriced funds Designated funds Restricted funds 2022 2021 2021 2021 £ £ £ £ 2,593,563 - 2,659,267 - 1,301,713 - 1,487,092 - 129,518 184,700 - 120 4,024,794 184,700 4,146,359 120	Total 2021 £ 2,659,267 1,487,092 184,820
		4,331,179

Included within the designated funds is minus £185,379 (2021: £132,808) relating to revaluation gains on the Investment portfolio held.

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379

29

OF THE SACRED HEART OF JESUS CIO Notes to the Financial Statements (continued)

DOMINICAN MISSIONARY SISTERS

20 Related party transactions

There were no related party transactions for the year ended 31 December 2022 (31 December 2021 - none).

30

THE GENERALATE, 4 Gossops Green Lane, Gossops Green Crawley RH11 8BJ West Sussex, England

 Tel [phone]  Fax [phone] e-mail: [e-mail] www.dominicanmissionarysisters.org Registered Charity; Number 1168379