Charlty number: 1172513 Trusteeg Report ond Flnanclol Stutements Forthe year ended 31 December 2023 AD:INS AUDIT St J¢)5eph'$ Convent Contents Page Referen¢• and Admlnlstratlvtr D•toils of the CIO. Its TnJst•os and AdvSsers Trustfje5' Report Independent A￿d￿0￿S Report on the Flnanaal Statem•nts Stot¢ment of Hngn¢ial Actlvltles 10 Balon¢¢ Sheet 11 Statement of Cash Flows 12 Notes to the Flnandol Statements 13-27 St Joseph's Convent Rofergnco and Admlnlstratlve Oetalls of the CIO. Its Trl￿teeS and Advlsers For the y•ar ended 311)ecember 2025 Trust•es &ster Anne Tynon stster Morle-une Monlque Rlwx 515ter Anne Morie Eden (deceosed 13 Moy 2024) Sister Marie Kiemon Regional Superlor Sistw Anne Tynon Charlty registered number 1172515 Prlndpul ¢>fficè St Joseph's Cc￿Vent The Howthoms Erdington Rood Aldrldge Waisoll W59 8UH Independent audltor Dolns AL￿Tt Limited 2 chami￿￿oIn Squo Porodise Circus Blmilngham 83 SAX Bankers Notional Westminster Bonk PIC 8 Market Street Tamworth Stoffordshlre 879 7LS Solldtors rjover Prlest &Jidtors ￿"mIted T/a Argyles 50licitors 43 Ajbert Rcy]d Tomworth Stoffordshlre B79 7JS Investec Fund Monagers Investec PIC Colmore Plaza Colmore Orcus Blrmlnghom B4 6AT Poge I St Josopws Convent Trust•e< report For th• yeor endod 31 D•c•mber 2023 The Trustees present thelr annuol report together wlth the oudlted tinonclol statements gf the ChorY(able Incorporoted Orgonlsotlon (CIO) for the uear1 January 2023 to 31 December 20 The CIO 0Sso opercrtes Under the names The Convent of the Congregotlon of the Sisters of Salnt Joseph of Lyon (ot Hounton). Obl•ctlves and Ocllvhles . Objectlves The constitutSon 5tcJtes thot the chority's object5 ore. the advoneefrwt of the Christion rellglon for the benefit of the publSc by such means a5 the trustees think fiL In the event th(rt the members of the CIO choose to wlndup or dlssolve the CIO. the members moy dlrect the trustees on how the remoinkng ()ssets of the CIO sholl be opplled. If no directlon Is glven by the member5. the trustees must declde how the remolning assets of the CIO sholl be opplied. In elther cose thè remoinlng assets musr be opplied for Char￿Oble purposes the 0$. or ￿MIlar to those of the CIO. In settlng objecttves and pionning for octNikne& the Trustees hove given due considerotlon to generol guldan published by the Chority Comm15slon rekrt(ng to txjbllc benefit Ir￿lUdIng the gvidonce'Pvblic benef￿. runnlng a chorlty (PB2y. b. Publk benefft The Trustees of the CIO ore (Jware of the Chcnlty c(xnM￿¢?rts guldance on publt benefft and thts forms part of the inductlon pock for new Trustees. BecoLJse of the (Nje of the sisters. th￿r mission is Pastoral not only where they live but vAth the Assodates ond In cOnneCt￿n w￿h those who ore suffering ermU0n￿Iy. psythologicolly ond/or 5tyritvall The Slster5 encourage ond welcome oll Fa6ths io the As￿(rte Folth Movernent Meetlng& those who ore seorchlng ond wllllng to Ilve the Chorlsm of the CongregotlorL G Athlvltles undertaken to achleve obiectlves Because of our Chorlsm ond Forth Commllment we will continue to support our Slsters ond the need of community- Ilving as well os oll who tvm to us for help ond guidonce. Achiwments ond perforn1￿ce o. Ra￿tW of act5vltJes The CIO molnly derlves Income trom the Sisterfs penslorss and the Investrnent portfolio. The investment portFo5io Is managed by an external fund manager. Investec PIC on o dlscretionory b(L5i& bLrt Inllne wlth the trustees, Investment FK)Ilcy sratement The Investrnent objective Is to m(￿lMISe the overall rute of retum by 0cCep￿n9 o moderote level of rtsk. Poge 2 St Joseph's Convent Tru8tee¥ r¢p¢rt {¢ontlnu•d) For the y￿r ended 31 DKember 2023 Achlevement$ and perfornionee (continL*d) b. Investment polioj and perfonwnce The Investment portfolio Is mon¢Jged on a discretionory bosls in Ilne wlth the Trvstee ond Congregotlontsl Ethlcol Pollcy statements. The portfolio should ochieve on Ir￿ome of at le05t ll45.000 per onnum for Englond and 140.000 for Irelond. whilsr hovlng regard for morol and ethicol considerations ond acceptlng a medlum level of rtsk The volue of the Investment portfolio hos increosed by 3.59% over the year (2021. decreose of 8.27%). This is tss a result of mvements In the morket. The perfomonce of the furKls is rnnitored on o regular bas6& Hnondal revlew a. Golng concern After moklng approprlate enqvirles. the Trustees hLwe o reosonable expectation th￿ the CIO has adeqvate ￿sOUrceS to contlnue In operationol existence for the foreseeoble future. For this reason, they contlnue to adopt the golng concern basis in preFxJring the flnanclol 5totement& Further detoi15 wordin9 the adoption of the gdng con￿rn bug5 wn be found In the accoun￿ng pollde& b. Reserves pollcy Chorftu funds (rt 31 December 2023 toiolled £Ani074 (2022- £&600.87r). comprfslng oll unre#rfcted funds Avallable free reserves (funds excluding equlty Investments ond tOng1￿e f￿ed assets) ot 31 December 2023 totolled £128.897 (2022 - £142.061). The trustees hove revlewed the CIO'S needs for reserves in line with the guidance issued by the Chartty Commlsslon and hove declded that it is opproprfote to ￿intain free reserves ot o level sufflclent to finonce o mlnlmum of SLX to twelve months of expendlture. which equotes 10 opproximotely £150.000 to 300.000. The trustees ore therefore comfortable wtth the current level of reserve& Structure. governanc• and monagement . consiitLrtlon St Joseph's Conventls a charttoble incorporated orgonisotion (CIO). which wos registered wlth the Charity COMMIS￿On on 10 Aprll 2017 under Its full nome of The Convent of the cOngw￿On of the Sisters of Suint Joseph of Lyon (ot Haunton). Its goveming document ts tts constrf(utlon d(Jted 10 A￿1 2017 ond tts ￿lStered ChOr￿Y number is 1172513. b. mot1K￿$ of oppolntment or elKtlon of Trustees The￿ must be ot leost three chortty trustees If the number fulls bek)w thls minlmum, the ￿m01n￿ng trustee or trustees moy ort only to call o meetlng of the d)arSty trustees to app)int new chartty trustee& The moxlmum number of charkly tnjstees Is 12. Apart from the flrst chority irustee& every trustee must be oppolnted by o resolution possed ot a properly convened meetlng of the ChOr￿Y trustee& In selecting Individuols for appointment 05 charity trustees. the chorlty trustees musi hove regard to the sklll& knowledge ond experience needed for the effettive admlnistrcrtlon of the CIO. Page S St JoS￿h.$ Conv•nt Trustee* report (contlnued) For the yeor ended 51 Oecember 2023 Struct¥Jr•. gov•rnanc• and manag•rn•nt (contlnued) c. Orgunisational structvre and deosion-moklng pollcl•s The ao conslsts of a communhy at Aldrldge and LX)e In thjblln. These communtues 0￿ odmlnLstered by the Reglonal Councll bosed In Adrtdg& Detolls of the CIO. Rs trustees ond a(fvlsers forthe yeor ended 31 C￿C￿nber 2025 can ￿ found on puge l. d. Polldes adopted for the induction and training of Trustees New Trustees undergo a brfefiro on thelr ￿01 ￿]gatIOnS under charrty law. the content of the constVfLrtlon. the decSslon maklng processes ond receni finondol perfomance of the CIO. The new TnJstees also meet other Trustees. Trustees are encouraged io (Jttend OPWOFKlate externol tralnlTrJ events where these wll focIl￿ote the vndertoklng of their role. e. Flnanclal rlsk mun¢)gement The Trustees hove ossessed the malor risks to which the CIO 55 exposed in wrtlculor those reloted to the operations ond finonces of the CIO, ond ore sotisfied thot SYSten￿ ond procedures are In pla￿ to mitigote exp)svre to the mojor rlsks. Plans for fLrture perlods The slsters are adomant thot theu moirnoln o code of conducL cm child and vulnerable adu￿ obuK standards of behavlour and a [T￿r01 sronce for Truth ond Christion volue& Page 4 St J05epWs Convent Trusteeg report (contlnued) For the yeor ended 31 December 2025 statement of Trust8eg responslblwties The Trustees ore responsible for preporqng the Trusteeg report ond the finoncial stotements In occordonce wfth oppllcable luw ond United Kingdom Accounting Standords (United Kirodom Generollu Accepted Accounting Prottlce). The low oppllcable to chamtles in Engkjnd & Woles requ1￿ the Tw5tees to prepore flnanciol statement5 for eoch flnonclal whlch glve a true ond fair view of the 5tote of offoirs of the CIO and of Its incoming resources ond appllcatSon of resources. Including Income and expendf(ure. for that peri¢A In preparing these finonciol 5tatement& the Trustees ore requlred to.. select sultable occountfjng polldes orKI then opply them consistently.. observe the methods ond prinaples of the Chomties SORP (FRS 102): moke judgemènts ond occountlng estimotes thut are reosonoble ond pnjdent: state whether opp1lco￿e UK Accovnting Standords (FRS 102) have been followed. subject io ony materiol deportures disclosed and explalned in the flnonciol *atement% prepare the financlol stutements on the golng concem unless it Is Inopproprlate to presume thot the CIO will contlnue In buslness The TnJstees ore responslble for keeplng ¢2dequ(rte occountin9 records that are >Jffident to show and expkjin the CICYS tronsottlons und dlsclose wlth rea50noble accurocy ot ony time the finonclol positlon ot the CIO and enable them to ensure that the flnanclol statements comply wRh the ChorTties Act 2011. the Chority (Accounts and Reports) Regulatlons 2008 ond the provislons of the constttution. They ore olso res[K)￿ble for safeguordlng the ossets of the CIO and hence for taklng re050noble steps for the prevention and detectlon of froud ond other Irreguloritie5. Dlsclosure of Information to oudltor Eoch of the Fersons who are Trustees at the tlme when thls Trusteeg rep(Kt Is opproved hos confim)ed thatr. so far as that Tnjstee Is owor& there is no ￿levOnt audit infomiation of which the chorftu's audltor Is unowore, ond that Trustee has token oll the steps that ouohl to h￿e been token as o Trustee In order to be ¢2wore of ony relev¢Jnt audit Informotion and to estoblish thot the chor[r￿S auditor Is aw0￿ of that informutlon. Audltor The deslgnoted trustee5 wlll propose o motion reaFwntlng Doins Al￿tt Umlted ot a meeting of the trustee& Approved by order of the members of the boord of TnJstees on 19 September 2024 and signed on thelr behalf by.. Slster Anne Tynan Trustee Page 5 st Josèph's Convent Ind¢pendont Audltorfs R•port to thé Members of St Joseplvs Convent Oplnion We have oudited the financial st¢)tements of St Joseph's Convent (the'churity? for the yeor ended 31 December 2023 which comprise the Statement of finonclol activmes, the Bolance sheet. the Stotement of cash flows and the reloted notes. Including o summory of slgnrf5cant occounting ￿liCk& The finonciol reporting fromework that has been applled in thelr preporatlon Is oppllcoble low and Untted Klngdom Accounting Standard4 Indtjdlng Flnonciol Reporting Standard 102 'The Financlal Rewrllng Stondord oppllcable In the UK ond RepulJic of Irelond (Unlted Kingdom Generally Accepted Accountlng Practice)- The financlol statements have been prepured in accordon￿ wtth Accounting ond Reportlng by Chorltles preporlng thelr occounts In occordonce WTth the Flnunciol Rewrbng Stondords applicoble In the UK and Republlc of Irelond (FRS 102) In preference to the Accountlng ond Reporting by Chorltle& Statement of Recommended Prortice Issued on 1 April 2005 which Is referred to in the e*(ont regulations but hos been wtthdrown. This has been done Sn order for the occounts to provide o true ond folr vlew In accordonce with the Generolly Accepted Accovntlng Practice effective for rewrting periods beginning on or ofter 1 Jonvory 2015. In our OFYnlon the flnonelol statements glve o true ond falr ￿eW of the state of the thor[t￿S aff(Ars as at 31 t)e¢ember 2023 and of Its Incomlng resources ond opplic 201.925 135.921 155.921 (692,119) Other recognls•d galns/Oosses): Movement in foreign exchange Ol724) 01724) 104,158 Net movement In funds 121.197 121.197 (587.961) Recon¢lllatlon of funds: Total fvnds brou9ht forward Net movement in tunds (600.877 12l197 600.877 121.197 7,188.838 (587.961) Total fvnds carrled foplvord n2,074 n2.074 6.600.877 The Statement of Flnanclol Actlvllles includes all goins and l¢)sses rec(yJnL*Y In the year. The notes on poges13 to 27 fom FX]rt of these financiol statements Poge10 St Joseph's Convent R¥gSstered numb•r: Bolance sh•gt As at 31 December 2023 2025 2022 Note Flxed ussets Tonglble 0s*ts Investments 10 27.442 15,156 6,443.6￿) 11 565.n5 $91177 &458,816 Curr•nt assets Debtors 12 39.740 3&295 Cosh ot bank ond In hond 100.056 115,845 159.796 152.140 CredyC￿ omounts folling due within one yeor 13 (K*.899) 00.079) Net oJrrent assets 12&897 142.061 Totol net ¢)ssets 722.074 6,600.877 Charlty funds Unrestrfcted funds 6.721074 6.600.877 Total funds &ni074 6.600,877 The linanclol statements were opproved ond aUth￿sed for issue by the Trustees on 19 September 2024 and Igned on their beholf by.. S￿ter Ann¢Tynon Trustee The notes on poges 13 to 27 form F)Ort of these fina[￿￿7 statements Poge11 St Joseph's Convent Statement of cash flows For the yèar ended 31 D¢¢¢mb•r 2023 2025 2022 Not• Cash fkn¥s trom ¢p¢ratln9 O¢tlvities Net cash used in operotlng octtvltles 17 093.445) 089,609) Cash flows from Invesung activttles Dfvldend4 Interests and rents from Inve5trnents PrcKeeds from the sale of tanglble fkxed assets Purchose of tongible flxed ossets Proceeds from sole of investments 126.670 160,785 17.153 06.140) 381.826 (382.799) 618.734 Purchose of Investments (773.215) Net wsh proylded by Investing actlvllles 109,557 23.457 onge In e¢yJh and eosh equivolents In the yeor Cosh ond cosh eqvivolents th the beginnlng of the yeur (83.888) 061152) 285.830 449,982 Cash and cash equlvolents ot the end of the year 18 199.942 285.830 The notes on poges 15 to 27 fomi wrt of these finonclol stotements Poge 12 St Joseph's Convent Not•s to flnarKlol stot•ments For the u¢ar ended 51 D•cember 2023 General Informofjon St Joseph's Convent ts o char￿able Incorporthed ￿OnI5[F￿0n (CIO) registered vrith the Chorttu Commisslon In England ond Woles under the number 117251& The prinawl offlce oddress Is glven In the referen￿ ond odmlnlstrotive detoils ond the princJpJl objectlves of Ihe CIO ore set out In the Trustees, Report. Accountlng pobldes 2.1 8asLs of weparati¢n of flnonclal stotements The financial statements hove been preFy2red in occordance wTth the Chorftles SORP (FRS 102)- Accountln9 ond ReFK)rting by Charitles Stthement of Recommended Proctlce opplicoble to chorlties preparlng their accounts in occordance wth the Fimnaal Reporting Stondard oppllcoble In the UK ond Republlc of Irelond (FRS 102) (effectlve 1 Jonuory 2079). the Finoncial Reportlng Stondord oppllcable In the UK ond Republic of Irdond (FRS 102) ond the Charitfjes Act 2011. The flnondal *¢)tements hove been prepored to gwe o Irue ond folf vlew ond hove deported from the Chorlties (Accounts ond RepMS) Regulotlons 2008 only to the extent required to provlde o 'true and fol view. This deportvre hos involved followlng the Chorftles SORP (FRS 102) published in October 2019 rother thon the Accountlng ond Reporting by Chofftie% Stotement of Recommended Prottlce effectlve from 1 Aprfl 2005 whlch hos slnce been wlthdrown. St Joseph's Convent meets the delinltion of o public benefft eniity under FRS 102. Assets and liobllttles o Initlolly recognlsed ot hlstoricol cost or transOCD￿ volue unless otherwise stated in the relevant accovnlng wlky. 2.2 Income All Income is reccxjnlsed once the CIO has entttlement to the income. it is proboble that the Income wlll be received ond the omount of income ￿e1VOble con be measured rellobly. The recognf(lon of Income from legocles15 dependent on estobllshlng entitlernenL the probabllity of recelpt and the oblllty to estimute wfth sufficient occuracy the omount recelvable. Evldence of entltlement to o legacy exists when the CIO hos sufficient evldence that o grft has been left to them (Ihrough knowledge of the exlstence of o volid will ond the death of the benefottor) and the executor is ￿1sfIed that the property In question will not be required to satisfy clairns in the estote. Recelpt of a legocy mLgSt be recognised when It 15 probable thot tt ￿11 be recelved ond the folr volue of the amount recelvoble. whlch wlll generolly be the expected cosh amount to be dlstributed to the CIO. con be reliably measured. Gifts in ktnd donated for d￿t￿bUtion ore Included ot voluatlon ond ret￿nISed os Income when they ore distributed to the proleths &fts doncrted f￿ resole ore included os Income when they ore sdd. Income tox recoverable in relation to donabons received under Gift Ald or deeds of covenont Is recognlsed at the tlme of the donation. Income tox recoverable In relotion to Inve5tr)ent income is reco9nised at the tlme the investment Income Is celvable. Other Income Is recognised In the pviod In whlch it Ls recdvable and to the e*(ent the goods hove been provlded or on completion of the servlce Poge13 * Josepws Convent Notes to th• flnandal stot•m•nts For the yeor ended 31 December 2023 Accountlng polldes {contlnued) 2.3 Expwdltvre Expendtture Is wognlsed once there Is o legol ￿ constnJcMve obllgayon 10 transfer ewnomlc benefit to o third p)rty. it is probable thut o tron5fer of economic Ixneffts wlll be requlred In settlement and the omovnt of the obllgution can be meosured reliobly. Expendtture is clossifled by octlvw. The co￿$ of each activlty are mode up of the totol of direct costs ond shored c05t& inclLsdlng support Costs involved in undertaklng each octivfty. Olrect costs attrltxrtabie to o *ngle cKtlvrty ore olkxated directly to thot octSvlty. Shored costs whlch contribute to more thon one octivfty and supwrt costs which are not attributoble to a single octlvlty are opportioned between those oct5vitfjes on o bU￿S conystent with the use of re50urce& Centrol stoff costs ore alloc(rted on the bosls of time s￿nt. ond depreci(rtion charges ullocoted on the portlon of the ossefs ExperKltture on rotsing funds indudes oll eYpend[tv￿ incurred by the CIO to raise funds for Its chorvcoble purFK)ses ond Includes costs of oll fvndraiyro ¢xtivities events ond non-chorTtoble troding. Expendtture on choritoble ac1N1￿￿ Is Incur￿ on directly undertok(ng the ottlvltles whlch further the CIUS objectlve& 0$ well os any ossociuted sUPWrt co*& l expenditure is Indlpsive of I￿e¢Overable VAT. 2.4 Int•rest r¢c•lvab Interest on funds held on ckpo%t is indvded trthen weNoble and the omcxjnt con be meosured rellobly by the CIQ. thls 15 ncrnially up)n notrficotion of the Intere￿ pokl or poyoble by the Instmlon wth whom the funds ore ￿e￿)￿ted 2.5 Forelgn currencies Monetory ossets ond Ilobilltles denominated In fordgn currenoes ore tronsloted Into sterllng at rates of exchonge ruling ot the rerx)rtlng dote. Transoctions In forelgrt currendes are tronslated into sterilno at the rote rullng on the dote of the transoctlon. Exchonge galns cmd losses ore recognlsed in the St(Itement of flnondol octivtties. 16 Tanglble fixed assets and depredatlon Tanglble fixed assets costing £250 or more ore corAtollsed ond recoonlsed when flrture economic beneflts ore proiKble and the cost or value of ihe 05set can meosvred reiiobly. Tonglble ftxed ossets ore Initially recLYJnised ot cost After reco9nitlon. under the cost model. tonglble fixed assets are measured at cost les5 cKcumul¢Jted depredatr.on ond ony occumuloted Impalr￿nt losses. All costs Incurred to bring o tanglble flxed osget Into its Intended worklng condltlon should be Included In the me05uremern of COSL Page 14 St Joseph's C¢nv•nt Notes to th• finanuol statements For the yeor ended 31 Oecember 2025 Accountlng polkles {contlnu•d) 2.6 Tanglble f￿ed ossets and depredotkn (¢M￿nL* Deprecl(rtion Is charged so os to oll¢xate the cost of tonglble ftxed assets less theif resldual volue over thelr estimoted useful live& on a redvclng bolOn￿ Lx)y& Depredotion Is provlded on the fol￿n9 Motor vehicles Flxtures and fittings CompLrter equipment 25% reduclng balonce - IO% redvcing tsjlonce 2.7 Investments Fkxed wet Investments a￿ a form of flnonuol Instrument and a￿ Inltlally recognlsed ot thelr tronsoctlon cost and subsequently meosured ot folr value ot the Balonce sheet date. unless the value cannot be measU￿d reliably in wh%ch case ft is measured at CO￿ less Impolrment. Investment galns and losses. whether reolised or unreollsed, a￿ cornbined and presented as '￿InsI(LO5$e$) on Investments. In the Statement of financial ¢Xt6vf(le 2.8 Debtors Trode ond other debtors ore reco9nised (rt the settlement amount after any trode dlscount offered. Prep)yments 0￿ valued ut the amount prepoid net of ony trode dlscounts dLS& 2.9 Cash ￿ bonk and In hund Cash ot bonk and In hand includes cosh and short-term highly liquld Investments with a short maturity of three months or less from the dote of ocqutsntrl or opening of the deposlt or slmllor account. 2.10 Lloblllll¢s ond provi>¢r Llabllttles are wogn15ed trthen there Is on obllgatk)n ot the BOlon￿ sheet date os a result of a post evenL It Is probable thot o transfer of economlc benefit wll be required in settlement. and the amount of the settlement con be estlmaled relialJy. ￿0￿11￿e5 are reccKJn15ed at the omount that the CIO onttc1￿1teS It will pjy to settle the debt orthe amount It has recewed os a(fvonced wument5 for the gwds or setvlces r( must provid 2.11 Nnancial instrvments The CIO only has finonciol ossets ond finoncial liobilities of a kind thot quality os baslc fingnclal Instruments Boslc finonclol In￿rUMents are inttiolly recognised at tronsaction value and subsequently measured at thelr settlement volve wtrh the exception of btsnk loons whlch are subsequently meawred at omortlsed cost vslng the effedve Intefest mdh¢> Page 15 St Jos•ph's Convent Notes to the flnanclol statements For the year ended 31 December 2023 Accountlng polldes (contlnuéd) 2.12 Fund oc¢ountlng General funds a￿ unrestricted funds whith a￿ ovoiloble for use at the dlscretlon of the Trustees In fUrther0n￿ of the generol objectives of the CIO and which hove not been designated for other purpose& Designoted funds comprlse ufirestrlrt￿ funds thot hove L￿n set ogde by the Tru#ees for partlcular purwses The oim ond use of eoch design(Ited fund Is set out In the notes to the finonclal statemen Investment Income. galns and losses ore allocat&J to the opproprfote fund Page 16 St Jos•ph's C¢nv¢nt Notes to th• fin¢ndal st¢rtemw For the year ended 31 D¢c•mber 2023 Inc¢m• from donatlons and l•gucles Unrestrfcted funds 2023 Total funds 2023 Glfts ond donotlon5 623 623 Penslons and solorles 67.111 67.111 67.754 67.n4 Unrestrlcted funds 2022 Total funds 2022 Donotlons 5298 5,298 Penslons ond salaries 77230 77,230 82.528 82.528 Investment Incom¢ Unrestrfcted funds 2023 Total funds 2025 Income from UK & I￿land listed invesiments 126,670 12&670 Unrestricted fun(ts 2022 Totol funds 2022 Income from UK & Ireland listed investments 160,785 160,785 Page 17 St JoS•p￿S Convent Notes to the finondal statements For the year ended 51 Dwmber 2023 Other Ineomlng resources Totol funds 2023 Profit from sole of flxed ossets Unrestricted fund5 2022 Total funds 2022 Prof￿ from 501e of fixed ossets 7.456 7.456 Expendlture ¢)n ralslng funds Unrthrfctqd funds 2023 Total fvnds 2023 Investment mano9ement fees 53,482 55.482 Unrestricted fun(ts 2022 Total funds 2022 Investment mtsnogemeni fees 57.410 57,410 Page 18 St Joseph's Conv•nt Notes to the financlal statements For th• u￿r ended 31 December 2023 Analy￿$ of expendfture by aalvltt Actlvftle$ undertaken Governance direttly 2023 Total funds 2023 2023 Englond Irelond 195.592 5.670 201.262 Total 2025 203.256 5.670 208.926 Attfvltles Undertaken dlrectly 2022 )vemonce Total funds 2022 costs 2022 Englond Ireland 209.499 5.450 214.949 14,872 15.372 Total 2022 224.571 5.950 230.321 Page 19 St Joseph's Convent Not•s to the flnancial stotements For the year ended 31 Decemb•r 2025 ArKlysls of expendlture bj acllvStles (c(rtlnued) Analysis of dlrect cosis Total fund$ 2025 England 2023 Ireland 2025 Depreclotlon Grants ond donotions 3.854 5.854 5.104 5.104 Community expenses 26.414 7.177 Sa591 Travel ond retreots 3.954 3.954 Other reglonal ex[￿Ses Nurslng home costs 5.703 150.563 &190 150.563 195.592 205,256 Total funds 2022 England 2022 Irelond 2022 Oepwiotlon Gronts ond don(rtions 3.445 57 3X)2 4,999 41700 Comrnunlty expenses Trovel and retreots 31987 9.713 7.903 7,903 Other regional expenses Nurslng home costs 4.968 5,102 10,070 155.197 155.197 209.499 14.872 224.37 Page 20 st Joseph's Con￿nt Notes to the flngndal statements For the uear ènded 31 December 2025 Analysls of •xpendltvre bu actMtle5 (continu•d) Analysls of SUPFWt costs Total funds 2023 Total funds 2022 Avdltotts remunerohon 1420 2.200 Legol ond professionol costs 3.250 3,750 5.670 5.950 Net Income/{eypendSture) Thts Is stoted ofter chor91ThJ: Depreclotlon of tangible fixed assets Auditorfs ￿M￿nerOtion- oudrt 1854 2.420 3.502 2.200 Trustee¥ remunerallon and expenses The CIO hos no emplcMJees other thon the Tnjstees who did rtot recelve ony dlrect rernuneratlon, beneflts or relmbvrsement ot eypenses (2022 - £Nily The Ilvlng expenses of the gsters are Included in the communlty expense& Page Zl St Joseph's Convent Notes to ihe flnanclal stotements For the yeor ended 51 December 2023 10. Tonglble assets Motor ￿tureS ond v•hldes ffttlng$ Computer equlpm•nt Totol At l Jonuory 2025 14.545 10.501 25.046 22.276 Addltions 17.Y8 38 2.490 Dtsposals 04.54S) 04.545) At 31 Decembw 2023 17.548 11739 1490 32.777 Dopr•¢lutlon At 1 Jonuory 2023 Charge for the yeor On dlsp0501s 363 3.527 9.890 3.854 1521 <8.409) 866 467 (8.409) Al 31 De￿mI￿r 2023 475 4.393 467 5.335 N•t book value At 31 December 2023 17.075 346 1023 27.442 At 310ecember 2022 8.182 &974 15.156 Page 22 St Jos•ph's Convent Nates to the flnaneiol statemerits For th¢ year end¢d 31 Decemb•r 2023 Ftsed asset inv•stm•nts Listed Cash troding Investm•nts occovnts Total Cost or valuatlon At 1 Jonuory 2023 Add￿lOnS 6.235.255 382.799 105.204 314.160 6.351459 69&959 Disposols Revaluotions (567,642) 201.985 1541.79T) (709.439) 201.985 Forelgn exchonge movement 15.452 21319 37,771 At 31 December 2023 Q465.849 99.886 6.565.755 Net book value At 31 December 2023 465.849 99.886 565.735 At 31 December 2022 6.253.255 105.204 6,338,459 The hlstodcol of fixed asset investments ot the ￿lOn￿ sheet dote was £5.574.741 Q022- £5,676.432) All fixed asset Investments ore held in the UK and Ireland There were no Ilsted investments held which had a volue In exces5 of 5% of the totol wrtfolK) slze at 31 OecemLEr 2023. 12. Dethors 2023 2022 Prepayments and occrued income 59.740 36.295 39,740 36,295 13. Credit¥)rs: Am¢unts falmng due wrlhln one y•ar 2023 2022 Accruols ond deferred income 10.899 10.079 Page 23 St Joseph'$ Convent Notes to the flnanaol statements For the year ended 51 DecemtRr 2025 14. Stat•ment of funds Statement of fvnds- ￿rrent y•ar Bolance at i Januory 2023 Balance at 31 Decembor 2023 Galns/ (Losses) Incorne Eypendlture Unrnstrlcted funds DeSIgnat￿ funds Slsterg personal funds &462 462 General funds General Fun