Ch￿ty [c￿stratIon number
1173507
The English Mission of the Sisters of SL Louis CIO
Report and Accounts
31 March 2022

The English Mission of the Sisters of St. Louis CIO
Report and accounts
Contents
Page
Legal and administra(ive infornmtion
TnL%iee.%' repon
Independeni auth.iors report
14
Stdtemeni of fin￿CIal acuyiue
16
Balance bheei
17
Statement of cash flow%
18
Notes io ihe accountb.
19

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
Report and accounts for the period 01 April 2021 to 31 March 2022
Legal and Administrative Information
INSTITUTE LEADER
Sister Patricia Ojo
MISSION LEADER
Sister Blanaid Mccauley
TRUSTEES
Sister Mary Moran
Sister Philomerba Morris
Sister Margaret Healy
Sister Josephine Apiagyei fApr- Decj
Sister Augustina Agyirey-Kwakye (Jan- Morj
MISSION TREASURER
Sister Mary Moran
MISSION ADDRESS
16 Chaucer Close
New Southgate
London
NWII IAU
CIO NUMBER
1173507
AUDITORS
Borucki & Co.
42 Radnor Road
Harrow HAI IRZ
INVESTMENT MANAGERS
Charles Stanley & Co. Ltd.
25 Luke Street
London EC4A 4AR
Brewin Dolphin Ltd.
12 Smithfield Street
London ECIA 9BD
BANKERS
Barclavs Bank
58 High st￿et
Newmarket
Suffolk CB8 8NH
SOLICITORS
Stone King
Boundary House
91 Charter House Street
London ECIM 6HR

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
INTRODUCTION
The Institute of the Sisters of St Louis is a congregation of Roman Catholic Religious Sisters. It
was founded in France in 1842, but the Institute Leadership or Central Leadership Team {CLT)
now resides in Ireland. The Institute is international in its membership, organisation and vision,
with members in nine different countries. The charity is entitled Englisli Mission of ihe Sislers of
St Louis CIO, having been registered with the Charity Commission as a Charitable Incorporated
Organisation No. 1173507 on l July 2018. The Governing Document of the Charity is a
constitution which stales that, The objec"i OJ. Ilie CIO is sucli Lliaritable yurposes wliich advance
the religioii.f and oilier chariiiible ii'orkfor the tiiiie beiiig carried oil bi. or uiider the direciion of
the Institute as the Trustees w'ith ihe approval of the Instilute Leader.shallfrom liine to time think
fit. The (Iccounls aCcomp(￿y1￿g this report ihe (Iccounts of the CJO on which the (￿set5 of ihe
Institute in Engl<ind iire held.
OBJECTIVES AND ACTtVlTIES
The Institute of the Sisler% of St Louis expTe5ses ils objective (i furthering of the vision, ITeasured
and pursued by ils founders, of fi Tri'orld healed. Miiified aiid irfipi.fformed l?I' tlie .faving ilyi.fdom of
ChriJtianits. The English Mission of the Sisiers of Si Louis CIO aims lo support the religious and
charitable works carried out by its members in pursuii of Ihis vision and to care for its members
throughout their lives.
CARING FOR MEMBERS
The English Mi.s%ion an obligaiion, boih legal and mornl, 10 provide for all itg member.8, none
of whom have resources of their own and all of whom have committed a significant part of their
lives 10 education, healthcare and other chariiable works, here in Enoland and abroad. A Health
Care Plan is in place to ensure thal necessary and iimely provision is made for sick and elderly
sisters. In practice. because of the members. age profile. a part-time Health Care Manager is
employed to enable members manage their health needs and. when necessary, help them plan the
nexl stage of care.
Age PrOr￿e
70-74
75-79
80-84
85-89
90-94
Number
The aims of the trustees in earing for sisters are:
Making Sure there are adequate re50UTces for healihcare provision.
Enabling members remain in ministry as long as is reasonable:
Evaluating care and lacililies to ¢n%ure m¢mbeTs recei￿¢ care ,8uil¢d to their needs.
By caring for individual members during their litespan with the Institute. the charity aims to enable
and support individual sisters lo live out their faith, and to put that faith into practice in a wide
variety of ministries. When planning the work of the charity for the year. and when encouraging
Ihe work of individual si51er5, the ITuslee5 have (rji'en CJTeful consideration to the Ch(wily
Commi8gion'% guidance on public benefil.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
RELIGIOUS AND CHAIUTABLE ACTIvrrILs
The work (Ind ministries of the sistepa Teflect the Vdlues of the Jn5titute'5 Mi55ion StateTnent, its
recent Chapter DuLuTnents and Policies. They fall broadly into the followiv]g areas-
Praycr Spiritual Developvnenl"
Educaiion.
Justice. Peace and Integrily of Creaiion:
Overseas Involvement.
Governance
Prayer and Spiritual Development
The commitment of th¢ sist¢is 10 Gixl, the Church and the Instiluie. requires them to undertake
on-going fomiaiion and the (ransforniaiion of Iheir lives Ihrouoh prayer. worship and study; and
10 find ways of meeting ihe spiritual hunger of the ￿'ider public, through parish and other
organisations.
Sisters increase their understanding of and relationship with God through prayer. courses
Ind relreats.
Members share their experience, values and go%pel vi%ion through writing,
attendinglleading prayer and study groups: and reach out lo oiher denominations, faiths
and ideologies in respectful dialogue.
Many sisters visit or befriend their sick. elderly and ￿reaVed neighbours.
Formal and Infornial Education
The members ¢we eng¢iged in (i v¢￿ietY of infomial educaiional activities including-
Serving on church commiilees and chariiy board.s ai parish, di(Kesan level and European
level;
Working with parish teams. training or acting as Lay Ministers of the Word and the
Eucharist; leading and participating in parish and other study groups.
Providing support for ESOL learneT5"
Participating in inlerfaiih iT]ler-church evenlS-
Keeping <innals- Tn¢iintaining ATchives.
Justice, Peace and Integrity of Creation (JPIC):
For some members this is the main focus of their chariiable work: while others seek to promote
JPIC through all their ministries. Members engage in a variery of services:
Befriending (ind 5UPPOrting refu(vee5 (￿d nii(rr4int dovnestic workers of all n4ltion<ilities-
Campaigning wilh Harrow and London CiLizens lor fair wages and affordable housing.
Bridge- building with people of oiher faiths and ideologies;
Involvement at different levels wilh esiablished groups/charilies, such as, JPIC Links,
National Justice & Peace Committee. Chrisiian Council for Approaches to Detence and
Disarniamenl.
Campaigning, emailing. protesting for promotion of human, animal and planetary rights.
The 5i.51er5 are more ¢￿IrefUl ihan eN'er lo sal'e energy, not to W<￿te W<iter and to recycle
goods and maierials where w.%%ible.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
Overseas Involvement
The ch(Irity supports projeLtS Tun by the Inslitule of the Sistepa of Si Louis IT] Br<uiI, the
Republic of Benin, Ethiopia, Ghana 4ind Niueria through prayer av]d fIn(￿claI (lid.
A Tnodv'st fund 18 sei ￿ld¢ ￿nUallY for dondlic)n4 10 svndll enterpti%c¥ that reflcct the values
of Ihe St Louis Mission Sialemeni; or (o global charilies for humanitarian purposes when
major disasters occur.
The charity has made an investment with Oikocredii. a cooperative society that offers loans
to small enterprises with real potential for broad social impact.
The Tnembers offer support and hospitality to sisters who cume to Englav]d from the above-
namcd countrics for inlctn<ilional tncclintss and courseb of tstudy.
The aims of the trustees in the above areas of ministry include:
Enabling sisters to avail of the necessary traiiiing and on-going formation for their personal
and 8Pirituai developmeni and for Iheii chatiiable work-
Encouraging and motivating sisters to become agents of change as they seek to transforni
unjust structures and to promote reconciliation;
Encouraging leadership styles Ihal enhance collaboraiion, consensus-building, networking
and team-building.
Helping sigiers develop the necessary skills io enable ihem io access up-to-date
inforniation on current affairs and JPIC issues:
Ensuring, where appropriale, Ihat members are adequately remunerated for their work and
Ihai such income is donated to the chariiy for ils fuiure developmen(.
Sharing of resources in a spirit of mutuality.
REVIEW AND ACHIEVEMENTS
Review of Activities 01 April 2021 to March 2022
The trustees consider that, the main objeclives of the charity have been met by the sisters and that
much good work has been carried oui for the benefit of the general public. The trustees
acknowledge that prayer plays a large part in the lives of the sisters and underpins their charitable
works. The sisters continue to intonn and educate themseli'es and endeavour to bring their
wisdom and experience to a wide variety of actii'ities: many of which have been carried out by
Zoom. a consciousness of justice, [￿ace and the integrily of creation permeates what they do in
their efforts to build up right relationships in church and society. Parish iv]volvement. advocacy
and concern for ihe poor and needy ofien make demands ￿'ell beyond the call of duty. The truslees
(￿e satisfied that the objectives of Ihe ch￿ty'S missioT] haN'e been Ca￿led out. Many notable
achievements ¥ire highlighied below.
SPIRITUAL GROWTH
As a way of marking the sisters, I￿ve-Taking of Newmarket. all eleven gathered at the Old
Stable House Centre on 13 July 2021 and held a special prayer service to mark the occasion.
Modelled on a pilgrim journey, the sisters visited cherished places on the site, told their

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
stories and, in prayer and song, gave thanks for what was life-giving, soughi God's healing for
what was painful and put iheir trust in God's providence for what lay ahead.
EDUCA TIONIGENERAL PARISH
In prepararion for ihe General Synod in Rome in 2023 on Ihe Church's place in the world, the
English Mission participated in Si. Louis inlernational gaiherings on Zoom; most sisters were also
engaged in their own parishes. not least Carnlel Solon SSL. At the request of her Parish Priest in
Ipswich, she and other parish representatives met with the Bishop of East Anglia in NO￿lCh
Cathedral for M4lSS 4ind to receive 4in outline of ihe consult<itTve proce55. Then, the parish
journoyed iogeihcr in PTayer didlotrue to see what stcp¥ ihc Holy SpiTiI was inviting thoin to
lake, so as to belter proclaim the Gospel. Cannel aciively encouraged parishioners to engage,
helped distribute questions to be answered in wriiien fonn and facililaied meetings. Finally. she
was involved in collating the responses of ihe parish which were then forwarded to the diocesan
offLCe.
JPICIPASTORAL WORK
Nvhen monks from Worth Abbey set up their urban mon&siic community in Brighton during Ihe
pandemic. Blanaid MeCauAey SSL joined the small suppon group of religious engaging in their
wider ECO project. They mel on zoom for prayer and decision-making. Blanaid undertook to be

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
a litter-picker in her area. and later, when they were able to meet face-to-face, she hosted a Morning
lo m(Irk the beginning of Creation Week 2021.
Roisin Hannaway SSL has been involved in community organising with Harrow Citizens
Housing Aclion Group, which has the backing of HaTTOW Council and the cooperalion of the
Salvation Army for the setting up of supported livinu accomTnodatTov] in Tnodular units for eight
inglc hotnLILss people. Thc Tnu¢h-neLdcd site lor this M¥il¥iLhi projeci is (iboui io be PTOCUTed.
The numerous photos in the album of Nlargaret Healy SSL display the variety of her ministries:
campaigning with London Citizens and UNrrE tor Ihe tA)ndon Living Wage: support tor the
Chinese Centre: preparing take-away meals tor ihe needy" and celebrating with the Muslim
comn]unity.
Q5PI",ILIIY
WORKltIS
IOT
41

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
GOVERNANCE
Conimunity t£ader, Blanaid MLCiiuley SSL, atlended the General Chapter 2021 IT] Gh￿￿41, as a
delegate of the English Mission. She latei organised a Chapter Feedback Day. faciliiaied by
herself and Josephine Apiagyei SSL. inviting the sisiers io continue lo live out the charism, Sint
Unllm, and so, bring about ihe founder s vision of (J )troi"Id heuled. unified und Iruns]ormed. The
direction will be focussed by the setting up of Institute Commissions on Strategic Planning.
Climaie Justice, and Finance & Investments; and Instiiute Committees for Forniation. Spirituality
& Heritage and Con]rnunications.
The trusiees, with the guidance ofDame Amanda Francis of Buzzacot('s, carried ou( their plan for
the disposal of some unwanied property and the wise use of pdirimony in accordance with the
Mission Siatement and relevant Insiilule documenis.
In April 2021, 10 facilitate ihe movement of St Louis Primary School, Aylesbury, to Academy
st(itUb, the Trustees donated the land on which the sch(K)l is built, namely, the freehold, lo the
Diocese of Northalnpton.
In Juneljuly 2021, following consultation between Ihe leadership teams and Ihe various Archivists
involved. the English Archives were transferred from Newmarket to Dublin. lo be incorporated
into the CLT Archives for which Ihe Institute Archivis( is responsible. The English Archivist,
Mary Jo McKeefry SSL. may be called upon to assisi in matters relating lo the English Community
if Tequired.
The charily rented two houses on the Newmarkei esiaie beiween April 2021 and mid-February
2022. While thc proceLd8 helpLd finllnce Ihe care of the sist¢rs, T¢nting wi$ 4een as a public
benefii in view of the shortage of housing in Ihe area.
The house and garden in Red L(Mlge, Suffolk, was sold in September 2021.
The property and grounds on Fordham Road, Newmarket. were sold on 14 February 2022.
In view of th¢ faci thai the sisters in the English Mi&sion will be retllrning to Ireland over
the nexi 2 - 3 years, the Trusiees decided thai the Enolish Mission would finance the living costs
ot these sisters tor the rest ot their lii'es. Meetin(trs of Ihe Trusiees and the Community t£ader with
the Irish Leadership Team are currently taking place to finalise the details of the financial
arrangement at a praclical level.
In AprillM4iy 2021, £200k was don4lted io ihe Irish Region towards the capital costs of building
age-friendly accommodaiion ai No.$. 7 and 8, Giosi'enor Road, Dublin; and toward8 the
completion of isolaiion rooms in Monaghan needed during the Covid-19 pandemic.
In March 2022. £ look from ihe pnxeeds of the sale of ihe Newmarket eslale was gifted to St.
Louis Academyg NeMTharket, for the purpose of enhancing the educational needs of the pupils,
most particularly children with specific social. psychological and mental health issues and
probleTns, including the need5 of mi.(TrJnl and refuuee children admilled to the school. The
donaiion w&8 depo.8iled lor Ihe %ch(N)I's Sole use and benefil inio a Reserve Accouni of the Finance
Account of the Diocese of Ea%i Anolia. The Head Teacher will provide a record of how this
coniribution will be spent.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
Permission has been obtained from the Central Leadership Teatn to donate the proceeds of the
sale of the property in South Harrow. wheT] it Lomeb lo sold, to rfi nuvnber of sniall ch<Wities
catering for the needs of refugee and miurant people.
Smaller donations were made around Christmas lime 10 Crisis. Sulvution Armi., Medecins Jan5
Frontieres {MSFJ and Cufod; and more recently, 10 Ihe Si. IA)uis Leprosi. Centre, Nigeria; and to
MSF and Cafod for the humanitarian needs of the Ukrainian people.
OVERSEAS
A portion of the rental income of the English Mi55ion is donaied thiough ihe CLT io the Si. Louis
Mission in the Tigray area of Ethiopia: this pays the salaries of the non-national sisters from
Nigeria and Ghana who work there. In a leiier of 20 March 2022. Perpelua Apo SSL
acknowledges their gratitude and describes the siruaiion on Iheir return to Dawhan in April 2021.
'We spent ihe nexi fe￿, weeks visiiiiig faiiiilies pariiciilarli those ihai losi tlieir niembers,
supporting those Trfv,hose properties were looled, encouragiiig ihose frawn47tisedfrom the effects of
the war, and donaling some personal cloihing nialerial io Interi￿[1}, Displaced Persons at the
Regional City. Gathering diiring the ne_rtfeiv. moiiths of ani. kil￿ it'as prohibited esiieciall}? wilh
the .foldier.f .¥till pre.sent.' Meanwhile iheir Bank Accouni w&$ blocked and they had to depend
for a lime on the charity of others. From Augusi. Iwo of Ihe sisters remained in Dawhan where
they organised English language classes. choir praciices and prayer meetings: and assisted with a
Youth project which served io clean up the area after the conflict and to act as a healing process
for those traumatised. Sr Perpetua herself i5 in Addis Ababa on a langu(ige course, living with
ome Holy ROsrf￿ Sisters in a converted container- she helps with the Inler Religiou5 ForniJtion
ProLTrram and volunieers ai Ihe mission{￿ of Charily Si.sier8 Centre, feeding 1hn.fe dving, cutting
thefinger ncii13 of the psl'chicitricpalienlj. gii'e lalks topregpiapit teep7age girl5 .
it tulk with
those abandoned bi'families.
VOLUNTEERING
Throu<Fhout the year the sisters uive time and eT]eT(
>y lo carrying out the chaTity'5 objective5 on a
volunt41ry bi15i5 for the benefit of ihe public. Sotne memben% in their govern4iT]ce role5 4ire ini'olved
in <idministering the work of the chrfwily, which would otherwise not be able lo function as
effectively as li doe5. Considerdblc timc been ¥penl in thc C{￿c of ihe sick enfccbled, in
listening 10 those in need and in gencTal paTi%h actii'ities- substantial ¢ffort hls been invested in
the public arena Ihrough the variety of ortranjsaiions in which ihe sisters are engaged, while large
contribuiions have been made to global humaniiarian aid. The hours of voluntary work involved
consiiiuie direct benefil to the general public.
GOVERNANCE, STRUCTURE AND MANAGEMENT
The In.81iiuie began its work in England in 1912. Currenily Sisters are engaged in a variety of
minisiries in different parts of England, chiefly, Ihe Briohion area. Eas( Anglia and Greater
tA)ndon. The work of the Insiiluie in Enoland is uliimaiely (he respon8ibilily of the Central
t£adership Team (CLT) in Dublin. The Entslish Mission is a Community of (he Insliiule linked
with CLT and has autonomy in n]nninLY jis day-10-day affairs. This annual report with its
accompanying accounts refers to the English Mission of ihe Sisters of St. Louis, registered as a
Charitable Incorporated Organisalion with the Chariiy Commission.
Trustees are appointed by the Central t£adership Team (CLT) for a specified period of time. The
current trustees consist of three members of the English Mission, one of whom is its Treasurer.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
the fourth t￿stee is a member of CLT and the Liaison Person with the English Mission. All
trustees, being men]bers of the Instilute, are conversanl ￿'1th the life and mission of the Instilute.
with the ministries and work of the Ev](Flish Mission and the overall issues that it faces.
members of the Instilute their living (￿d personiil costs are IM)rne by the Ch(￿ltY but they receive
no remuner(Ilion for their 5ervice5 as ITUStees. Their training its OT]going through Te4iding,
consult<ition rflttend<￿ce rflt trdining evenls, incre(Lsingly by ZOOTn (￿d Webin(￿. The iT]formiltioT]
and expertise gained is sh<￿ed with the LeiideT the sisters. when ¥ippfopri¥ite, so th4il 4111
aW￿e of their ILg<il obligations.
The trustees are ultimately responsible for the w)licies, activities and assets of the charity. Besides
being in contact by telephone and email. Ihey meei regularly now by zoom, to review
developmenis with regard lo the chariiy and ils aciivilies and 10 make decisions. Minutes are taken
ai all meeiings and a copy is seni to the Central t£adership Team and (o the Community Leader.
When necessary, the trnsiees seek advice and suppon from Ihe Central Leadership Team, as well
as from the charity's professional advisers including accounianis. inveslmeni managers, property
consultants. solicitors. insurance brokers and aciuaries.
PROFILES AND RESPONSIBILITIES OF THE TRUSTEES
MarTr' Moran SSL: Treasurer
Mary has lived as a Sister of St. Louis for ovei 60 yea￿. She has been committed to education in
various ways, as a teacher of Mathematics and Religion for thirteen years in St. Louis Grammar
School, Kilkeel, Northern Ireland, and as Head Teacher of the san]e school for a further eight
years. After retiren]eni frovn school. she trained as a psychodynamic couv]sellor and worked in
priv4lte practice as a counsellor and supervisor. For sotne year5 She undertook voluntary WOTk
with the poor Tnember of ihe H4wr()w br￿1￿ch of Si. Vincent de Paul Society, of which she W4lS
Irea%urer. She W4lS 41 meTnber of Ihe Enulish LeadeT5hip Teavn for twelve yeaTS ilT]d has been
TreasureT of ihe ch<Wity for a numbeT of ye<WS. She h¥LS partiCiP¥ited in TTUStee TrainiT]g COUTses
and attended ihe Provincial Burs￿, Conference annually.
Philomena Morris SSL
Philomena Morris was professed as a Sister of St Louis in 1961. Alter Obl￿ning her BA degree,
she taught in England lor two years. From 1967 10 1983 she WOTked in an A level secondary school
run by Ihe Si8ierg of St Louis in Kum&8i, Ghana, where she head of Ihe English Department.
During Iha( lime, .8he also became part-lime chaplain 10 Ihe Youno Chri8lian Siudeni Movement.
This involved the rai.sing of funds, as well as Ihe oroanising and planning of the fir81 ever Pan
African meeting of Young Chrisiian Studenis. As Superior of her local community in Kumasi she
was also responsible for finance.
In 1983 she began training with the Movement for a Be(ier World. Following work in England
she was elected to the International Leadership Team in Rome. She travelled widely, leading
meetings in Asia, Africa and the Wesl Indies. She also sei up an international finance team (o
advise on investments. to raise money and prepare budgeis. From 1995 to 2(K)I she was Regional
Superior in England and a Truslee of the Sisters of Si Louis and she undertook Courses in
leadership and trusteeship. At the lime the work involved re-organisation. sale of property and
downsizing in general. Since then. she has held an administrative role in a busy London parish-
for some of that time she combined it with the tasks of Team Leader and Trustee. Although no
longer Team Leader she continues to work actii'ely as a Trustee. She is also a member of the
Diocese of East Anglia Safeguarding Commission.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
Margaret Healy SSL
M￿¥￿￿et been a meTnber of the Institute of Si. Louis since 1964 [￿d ¥he IS experienced
leadei. She scivcd on the English Rcgionil Team foi nine ycar% from 1986 to 1995 and on the
Central LeadLi%hip T¢am from 1997 to ?¢J)3. She invited by the Engli%h Region to take on
the role of Regional Leader in Augusi 2(K)4. She has participaied in Irustee training days and in
days organised by the Conference of Religious and JPIC Links Group. Following a General
Chapier of the Instiiute, she was again elecied on Ihe Central Leadership Team from October 2009
uniil August 2015. She is currenily a Trus(ee in Ihe CIO of ihe English Community.
Margaret Healy co-founded a number of organisaiions including the Commission for Filipino
Migrant Workers. Waling-waling. Kalayaan. Bahay Kul)o (a Philippine Housing Associaiion) and
Justice for Domestic Workers. Margaret is siill available for advice and guidance with Waling-
Waling since 2018 when the organization was re-esiablished 10 support migrani domestic workers
coming to the UK following the removal of the domesiic worker visa in 2012. Having completed
courses in employment law, Margaret also helped as a volunteer with Urziie ihe Uiiiort on Monday
afiernoons giving free advice lo hotel. reslaurant, bar staff and migrant workers- and represented
them at their workplace in disciplinary and grievance hearings. In ?017118. she was involved in
the preparations and proceedings of ihe London Hearing of the Pern)aneni People's Tribunal. She
is actively engaged at UK and European level with the ongoing promotion of the work of the PPT.
.losephine Ap1a￿e7 SSL: Central Team Member
Josephine Gyatnfi Apiagyei made her profession of vows as a Sister of St Louis in 1985. She
obtained a B.Sc. in Agriculture and a Diploma in Education. She ministered as a tutor in St Louis
College of Education, Teacher Training College, Kumasi, Ghana, for fifteen years. During this
tin]e, she helped to oruanise c0-cu￿1cu1ar activities, such as, promotion of the Young Christian
Students {YCS) club, visitation of the sick and aged in the community and a training of irainers
proiyr(imme for teachers in the field. She a150 took on leadership roles iv] her CongTegation at
V<irious limes, includin(r Archivist, ACComp￿1￿1￿eT]I of younuer Sistepi (￿d ASsiSt(￿t Regioiial
Leader. She further pursued her studies obtained M. Ed. In Educ¢ltioT]al Management (ind
an M.Sc. in ¢i branch of HorticultUTe. She iheT] tnoved frovn leachiT]g in the cliLssf(K)m to
upervision for Ihe In¥peciorate ol Ihe Ministry of Educaiion= work th¥it involved development of
co-currieular programme% for pupil4, monitc)rintr and eN'aluating %chool activities and organi%ing
in-service Iraining io updaie teachers. AL the same time. .she look on Regional Leader.4hip
respon.8ibilities in Ghana for seven years.
Afier a year-long sabbatical programme in Relioious Forniaiion in Ministry she look up office as
Insiiiuie Tre&8urer in Augus1 2015 on Ihe St Louis Central L£adership Team and became one of
the Trusiees of the English Mission. She has aiiended Bursars Conferences in both Ireland and
the U.K.
Augiistina .4g!"'ire!'_Kw"akTre: Institute Treasurer and Trustee
Augustina Agyirey-Kwakye made her profession of l'ows as a Sister of St.Louis in September
1985 and tinal vows 1993. She obtained a Bachelor of Educaiion in Social Studies and a diploma
in Economics in 1994. She taught Social Studies and Christian Religious education in St. Louis
Senior High School. Kumasi.from 1994-21K)6. During this period. she assisted students to read in
the church and was a school counsellor and a member of Ihe School's Disciplinary Committee.
While teaching, she was elected Regional Treasurer for the Sisters of St Louis, Ghana, from 1998-
2(JM.She then undertook a two month's course in Budgeting and Financial Management lo enable
her operate effectively in this role. From 21X)2- 2(XH. she pursued a Master of Public
Administration at the Ghana Institute of Management and Public Administration. (GIMPA} In
2(M)6-2010 she worked in an administrative capacity ai The National Catholic Secretarial to sel up
a travel office for the Ghana Bishops Conference.
io

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
Fron] August 2010-August 2012, she studied for a Masfrr of Science in Education at the Duquesne
UniveTSlty in Pittsburgh, Pennsylvanil USA. She relurned to Ghana iv] September 2012 and
worked in St Loui5 Jubilee Sch(K)l as headmistress till Decetnber 2021.she ha5 taken part in
capacity building workshops or<vanised by the Si5ter5 of St Louis in Strategic m(￿ageMent (￿d
DocuTnent(Ilion. She was elected to the Central Leadership Teiim of the Sisters of Saint Louis in
(ktober 2021 for 41 tertn of six yeiW5 ending (ktober ?027.
MAIN RESPONSIBILITIES OF TRLTSTEES
To comply wilh the law the ch4￿lty,￿ gvverning d(Kutnents and to ensure ih<it the
charity is carrying out its purposes for public benefii:
To act with reasonable care av]d Skill in the charily's ￿st interests"
To manage the charity's resources responsibly and ensure that the charity is accountable.
RESPONSIBILITIES WITH REGARD TO THE AccouNrs
Under Chiwity L4lW, Ihe twslees responsible for prepiiring the Trustee5' AT]nual RetK)rt
fin(incial 51ateTnents for e¢￿h fin4wcidl yerf￿. These show a ITue f¢iir view of the stale of affairs
of thL charily.
In preparing th¢se financial sthi¢menis, generally acc¢pied accounting practice necessitates that
the tru8tees:
Select SULtable accounling ￿lIcIeS and apply them consistently-
Make judgements eslimaies Ihal are reasonable and prudent:
State whether the recommendalion5 of the Statement of RecoTnmev]ded Praclice have been
followed, subject to (Iny Tn¥ileri411 departures disc105ed (￿d explaiT]ed in the finilT]cial
5tiltements-
Prepare financial statements on a going-concern basis unless it is inappropriate to presume
the charity will continue ils actii'ities.
The trustees are required to act in accordance with the Constitution of the CIO, wiihin the
tramework of charity law, and in accordance with the w)licies and procedures of the Institute.
They are responsible for keeping proper accounting records, sufficienl to disclose at any time,
with reasonable accuracy, the financial position of the charity at that time, and to enable the
trustees to ensure thal, where any statements of accounts are prepared by them under section
1_32{1) of the Charities Act 2011, those statements of accounts comply wilh the requiremenls of
regulations under that provision. They have (Feneral responsibility for taking such Steps a5 are
reason<ibly open to them in order to safeguard the assets of the chaTity- to prevent and protect from
fraud and other i￿egul{￿itie5.
RESERVES POLICY
The Charity seeks to maintain reserves at a level which allows it to fund the work and ministries
of the sisters. At t￿sleeS, meetings the policy is discussed and reviewed in light of financial
advice received. and of the global tinancial situation. including the rising cost of care. In this way,
they try to ensure that designated funds are Set aside to provide adequate care for sisters in
retiretnent, old age or ill health.
INVESTMENT POLICY
The charity holds two inveslmenl p)nfolios which are managed by Charles Stanley & Company
Limited and Brewin Dolphin Lid. The brokers opera(e wiihin specific guidelines and ethical
criteria sei by the trustees and these are revisiied and examined on an ongoing basis. The trustees
li

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
review the performance of the portfolios and the charity's investment Strategy at regular intervals
and take appropriate action.
RISK MANAGE%fENr
In line with thL fLquirement8 for itusiees to undertak¢ a risk &ssessment exercise and give an
account of this in their annual rew)rt, the trusiees have looked ai ihe risks the Insiitute faces in
England and have reviewed the measures already in place (o deal wilh them.
The irusiees have ideniified four main areas M'here risks may occur:
Governance and Management looks ai Ihe risk io ihe Insiiiuie or charity of lack of direction or
care or management skills: or of inappropriate use of resources.
Operational considers the risk io the charity of engagement in inappropriate activities by its
membership, difficulties with staff, unsuiLqble or poorly maintained buildings, inadequate Health
& Safety or disaster recovery policies.
Financial reviews the risks ari%ing for the charity &s a result of diminishing income, inadequate
reserves, fraud and inappropriic ie invesimeni policies.
Environmental, external and compliance looks ai the effects for the charity of an ageing
membership. adverse publicity. non-compliance wilh the law, changes in Government policy and
safeguarding issues.
Having assessed the major risks to which the charity is exposed. the trustees believe that by
monitoring its adherence lo constitutions. Chapter documents, Institute policie5 and charity
objecls; by ensuring that contro15 exisl over key financial systevns; and by exavnining the
operalion411, legal, $4ifeguardinu 4ind other risks faced by the Ch(￿lty. they have established systeJns
and S<ifeguards to miliu<ite those risks.
PROTECTION OF CHILDREN AND VULNERABLE ADLLTS
The trustees recognise the absolute necessity of ensuring the proteclion of all those Ihe ch(￿lty
serves. The ch￿l[ltY takes seriously a One-church Approach and works in Compli(￿Ce with the
guideline5 of the Catholic S<ife(VU￿￿din(r Siiindards Auency (CSSA). the trustees (Uf conimitted to
implementing and c(wina out all their policies ilT]d proceduTes. To ihis end. the ch<Wity
beconie un<Lligned wilh ihe Diocese of Edsi AT]uliJ h415 drawn up a contracl with ihe Religious
Life SafLgu(wding ServiLe, which will as5isl with <idiTice, training adminislTation of
safeguarding matters. Ivhere nece%sary, %i%i¢rs and stall have Teeenily updaied Di8elosuTe and
Barring Services Certificaies. One 8i8ier from the Mi%%ion acts Safeguarding Lead, while
another is a member of Ihe Elsi Anglian Dioce.san Safeguarding Commission.
The Community Leader and Sateguarding t£ad have been fully involved in ongoing discussions
concerning the implementation of the One-church Approach 10 safeguarding by religious
charities. The trustees have been kep( infonned and have been consulted whenever decisions
needed (o be made.
PUBLIC BENEFIT
The trustees have consulted the guidance made available by the Charity Commission for England
and Wales on the Public Benefit requirement of ihe Charilies Act 2011. They are confident that
they have complied with their duty under the relei'ant section of the Charities Aci 201 l in that
they hai'e had due regard lo public benefit guidance published by the Commission.
12

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES. REPORT
The trustees have given details of the activities and achievements of the sister5 in previous
paragraphs which indicate the 5eriousv]ess ￿'ith which they adhere to this guidance. These works
include Laring for the elderly and infinn wiihin the Mission- the provision of spiritual. educational,
SOCI411 and p<￿t0[￿lI Tnini5lry within local cotnmunities- the charit(ible donation5 to ihe Institute's
Overse<￿ Tnissiun iind le(idership PTojectS, to Other ch¥wilable causeb th4it COTne within the reniit
of the St Louis Mission Siiiletnenl.
FUTURE VISION
The Community Leader and (n]stees will work in cooperaiion with CLT to see that the directions
of the General Chapter 2021 are implemented as required. The trustees will continue to follow
the schedule originally outlined in the charity's Three-year Plan (2019 - 2022) with regard to the
disposal of property surplus to requirement and the seeking of professional advice about
P<itriTnony. ArriingementS undenvrfly to Pl(Kiuce informal hitstory of the Si%lers of St Louis
in England .8inLe 1912. The FinanLial Admini%traior. Anne Mose8, who has served ihe chariiy
wilh thoroughness and great inlegriiy for many years, is due 10 retire ai the end of June 20?2; Ihe
ustees and mernbership of the English Mission Ihank her for her Irustworthy service and wish
her many years of happy retirement. Meanwhile, a successor is being sought.
AllllL.Ilts￿$ IFin. Ad511.} IIoran SSL ITrcasurerl
As sisters return lo their homeland in the coming year or so, measures continue (o be put in place
tor the care ot those who leave and those who remain. The tnlsiees are in the process of deciding
on an adequate amount ot funds to be set aside to finance ihis care in Ireland over the next 10 -
15 years. They are confident that the finances of the CIO are in a healthy condition.
EMPLOYEES AND MEMBERS OF THE INSTITUTE
The Trusiees wish to record iheir Tecognition of the prolessionalism and con]mitment of all their
taff and the individual members of the Insiiluie. TheiT dedicaiion and positive approach are very
much appreeiaied.
Signed on behalf of the Trustees
Mary Moran
Trustee
Approved by the Trustees on 2 Sept 2022
13

The English Mission of the Sisters of St. Louis CIO
Auditors, Report
Independent auditor5, report to the Tru5tee5 of El￿]ish Mi&5ioll of tbe Sisters of st CIO
We have audited the financial %taiernenl.% o( the English Mis%ion of the Sisterb ol St LA)uis CIO for the year ended 31 March 20?2
which co￿pri￿e the Sidietnent of Fin<lllCidl ActiTritie%. the Balance Sheet. stat¢Th￿￿t of cash flow% and the related note%.The
findncial reporting fran￿Work that has been applied in their preparation is applicable la￿. and Uniied Kingdom Accounting
Standards, including Financial Reportin￿ Siandard 102 'The Financial Reponing SLindard applicable in the UK and Republic of
Ireland, (United Kingdom Generally Accepied Accollnung Practice)..
In our opinion the finaneial %tatement%=
give a trlle and fair i'iew of the stale of the Cl￿ri￿$ affairs ai 31 March 2022 of its Incon￿ and eApendin]re for the }'ear
then ended-
have been properly prepared in accordance with UK Generall). Accepied Accounting Practice. and
- hdve be£n pioperly prepared in accordance with the requireJDeDts of the Charities Aci 2011.
Basis for opinion
We LvnduLted uur dudit in &iccord<ince with Intern￿l(lo￿al sLInd￿1[d5 on Auditing IUKI IISAS (UK}I dnd dpplicdble Idw. Our
responsibilitie￿ under those 5tdnddtd5 ￿ further described in the Auditor's reswnsibilities for Ihe dudit of the accounts section of
our report. We ate independent of the chatiiy in accordance with the ethical requirenEn(s that are relevani 10 our audit of the
accounts in the UK, includino the FRC'S Ethical SLindard. and we haNe fulfilled our odier ethical responsibilities in accordance
with the%e requireinenL%. We believe thai the alldii eyidence we have obtained is sllffjcieni and appropriate to provide a ba%1% for
ollr opinion.
Conclusions relating lo going concern
We have noihing to report it) respect of Ihe following matters in relation io ￿1¢h the ISAS (UK) require us 10 repon to you where-
Ihe irnsTres' of the going ¢on¢em basis of a¢couJiiing in the preparation of a¢¢ounis is noi appropriaie- or
the trustees have not disclosed in the accounis an). identified nUleri￿ uncertainiies that may cast significant doubt about the
charity'% ability to continue to adopt the goin£ concern basis of accollniing for a period of at lea%1 twelve months from the
date when the accollnis are authorised for i&slle.
Other informalion
The irusiees are responsible for Ihe infom]aiion_ The other infonnation comprises the inforn]aiion included in Ihe report and
accounts oiher Ihan Ihe accounLS and our audiior's report ihereon. Our opinion on the accounts does noi cover Ihe oiher
inforniaiion and we do noi express any fomi ot assuranLe Lonelusion ihereon.
In Lonnection wilh oui auL1ii tsf the accounts, oui teswnsibilil!. LS to reaij the oiher infomiation and, in doin(T so, consider whether
the other inlotmaiion is tnaieTially inLonsislent with ihe &Luunls or our kno￿"[edge ubidined in Ihe audit 01 oiheiwise aptEars iu
be ￿teriallY misstated. Il we ideniily SULh maietial incon5islencies or apparenl ￿terial mi551aleTnen15, we aTe required lo
deter￿l￿t whether there L5 a rt]aterial mis51aternent in the accounts or a malerial mis5taLe￿￿nt of ihe other infottnation. If, based
on the work we haN'e perfO[n￿d. we conclude that theie is a ￿￿terial missLatetnent of Lhis other infonnation, we ai"e Tequired lo
report that fact.
We have nothing to report in thi% regard.
Matters on which we are required to report bTr exception
We have nothing to report in respect of the following maLiers where the ClwiLies Aci 2011 requires us to report to you if. in our
opinion'.-
the infu￿tiOn given in the TtUStees' Annual Re￿rt is inconsistent in 4￿Y rnaletial respect with the financial stateTnenls: or
sufficient aLLvunling ieLords have not been kept= or
the financid stalemenis are noi in aoreemeni with the accounting records and relurns- or
'e hdve not ieLei%'ed dll the informatiun and eXpl￿110n5 we require for our audii.
Re5poDsibilities of trustees
As explained more fully in the Trustees, Responsibiliiies Statement sel oui on page I I, the Trustees are responsible for the
preparation of fjnancial %iatements which give a m]e and fair I'le￿., and for such iniernal control as the twstees deierniine is
neee8%ary ta enable the preparaiinn af accounts thai are free from M￿trial Jnissiatement. whether due to fraud or errnr.
In preparing the accounts, Ihe irusiees are reswnsible for &￿se$￿I￿g the chariiy-s &biliiy to continue a going concern, di.sclo.sing,
as applicable, mailers related to going ¢on¢em and u.sing Ihe going concern basis of accouniing unless the tyusiees either iniend to
liquidaie Ihe Lharity or io Lease operations. or hai'e no realisiiL aliernaiike bui io do so.
14

The English Mission of the Sisters of St. Louis CIO
Auditors, Report
Auditor's responsibilities for the audit of the accounts
Our objective% are 10 obtain rea%onable ag%urance aboul whether the accounts as a whole are free Irom material mi58tatement.
whether due to fraud or etror. and (o i¥%ue an dudiior'¥ tetK)n ihat in¢lude% our opinion. Rea%onable d%%uranee 1% a hiJ] level of
a%%urdnce, but 1% not d guardniee that an dudii conducted in dccordance with ISA% (UK) wiu dlway% detect d mdteridl mi%%tdtement
when it exi%t8. Misslaiements can ar]￿e from fraud or error and are CO￿51dered ￿￿terial if, individually or in the aggregate, they
could reEL8onably be expected to i]fflllence the economic deci.%ions of ￿se[S taken on the basis of these accollnt.s. A further
de%cription of our re%pon%ibilitie% for the alldii of the accounL% is located on the Financial Reporting Council'% web%iie at
W￿.frC.Org.￿k/alldl[0r%re%pon.51l)i1l[ieS. This de%cripiion forn]% pan of our audiior'4 report.
Use of report
Thi% report is ￿ade %olely to the Cl￿￿1(y,￿ a IK)d)'. in dCCOtILance with 5￿tion 144 of the CIMitie% Aet 2011 and with
reguldlion% ￿de under %ection 154 of that Act. Out dudii work undertdken so thdt we I stdie to the ch￿lty,% tru%tee
tho%e matters we are required to stale to them in an auditor's report and for no other purpose. To the ￿lIest extent pennitted by
law. we do not accepi or a%%lltne re%ponsibiliry io anyone other than the chariti". and the chariry'% as a body, for ollr alldit
work, for this repon, or for the opinions we have forn￿d.
Borueki & Co
ChorieredAccountanis and sioi£iroryA￿JlIors
42 Radnor Road
Harrow
Middlesex HAI I RZ
Signed on
5 September 2022
Bon]cki & Co is eligible io act a5 auditor 111 tern￿ of Section 1212 of the Companies Act 2(K)6.
15

The English Mission of the Sisters of SL Louis CIO
Statement of financial activitie5 (incorporating an illCo￿e alld expellditure account)
for the year ended 31 Mareh 2022
General Designated
General Designated
fund
rund
Notes
2022
2021
Incoming resouryes
Voluntary inton*:
Donaiion% and legaLies
S&laries Siipend% and pensiorts
Gue%1%
Activities for generati]Jg ful￿.
Inve%imeni income
Miscella]kous income
Mi.ieellaneoii
Surplus on sale of assets
2.431
197.ii3
{IIM)I
2.431
197.553
11(M)I
216.882
15851
216.882
15851
73.9)4
47.0?3
120.977
123.6(A
82.812
40,8)2
818.3?7
1.097 16)
818._1?7
1.139.188
47.0?3
339.961
299.109
40,8)2
Expenditllre
Raislng fvnds
Inve%imerti martageT% fees
Propertj man&gers fees
Charltable attlvlties:
Charitable activitles
Upkeep of communities
C￿e ofaged members
Donaiions and missions
Governance Losts
DefeLlt on s￿e of asseis
7.995
16.728
24.723
25.3(
10,177
15,183
294.705
?94.705
20.713
356.966
16.783
259.030
57.743
1,081.9(XS
10.991
259.030
?0.713
57,743
3i6.966
16.783
1,081.
10.wi
668.4)4
10.713
689.167
1.409.670
,151.9?7
57,743
Totsl eX￿IdItllre
676.449
37.441
713.89)
1.435.030
1,162.104
72,926
Incomthg resourees I￿$ eX￿nd[t￿re
415.716
9J82
425.298
{1,095.(W)I
11,062.W51
(32,0741
Net gahns O¢K4sesl on Invtstnknts
?6.466
IIH.7(A)
131.226
539.056
342.7
196,266
Net Income (eX￿ndit￿re}
114.34?
556.524
1556.013}
1720.?051
164,192
Transfers between funds
Net movement In lunds
442,182
114J42
556.524
1556.013
1720,2051
164,192
Retonclliatlon of funds
TO1￿ fiinds broLighi forwaTd
Transfcrrcd from Thc Inblltuie of The Sisters of
St Louis Juill},.Monaghan
Toia] fllndb ¢￿￿ed forward
3.7.35.47?
-6.949.7?7
4.177.6i4 4.IYIl.(K
7.68.5.199
8.?41.723
8.?41.212
7.685.199
4.4fjfi.677 3.785.535
-3.735.472 3.949,727
The staietn¢ni ot tinan¢ia] actlVlLI¢S includes all g￿nS and 10&5¢5 in the y¢at. All incoTning Kgiuwes and rrsourres expended d¢nv¢ from
ontinuing actlVlLie.s
16

The English Mission of the Sisters of St. Louis CIO
Balance Sheet
as at 31 March 2022
Note5
2022
2021
Fixed a&sets
Tangible assets
Inve8trnent% at market value
.038.121
3 ?38.662
4.?76.783
2,493.828
3.1?8.4.5.5
5,6?2 ?83
10
Current i)&8ets
Debior
C&sh ai bank and in l]and
?4.017
4.09? 316
4.116.333
34.879
2.180,547
2.215,4?6
Creditors: anM>unt5 falling due
within one year
i?
1151,393)
(152,5101
Net current assets
3.964.940
2,062.916
8.241.72.3
7,685,199
Capital and reserves
U￿r￿trIcted funds:
Geneidl funds
Designated fund5
4.177.654
4.0fv1.O69
8.241.723
3,735,479
3,949,727
7,685,199
Appoyed by the Tru5tee5
and signed on their behalf
Mary Moran
TnLsiee
Approved by the Trustees on 2 Sept 2022
17

The English Mission of the Sisters of St. Louis CIO
Statement of cash flows
for the year ended 31 March 2022
Nots
2022
2021
Cash generated in operating actiiities
1.S(M),9401 11,370.7411
Cash flows from investing ac]￿tieS
Investment income
Proceedb of inTresiment sales
pUrCh￿￿eS of investtnents
Ner proceeds on sale of a5Set5
Cash provided {llsedl in investing activities
120,977
40i.917
1377.3081
? ?70.713
?,4?0.299
12.3,664
517.768
1488.2761
153.156
Increa%e in c&%h and cash eqllivalenL% in vear
1,919,359
11,217,585)
Movement in year
{DeCre￿e) increase in cash at bank and in haml
([kLre<￿el increase it] Lash held by inVeSt￿en1 rn4inagets for re-1nvestll￿￿I
1,911.769
7,-5
1,919.3.i9
11.217,2671
13181
11,217.5851
A. Reconciliation of net movement in funds to net ￿sh now from opernling
2022
2021
Nei income leA￿A￿lIu[el
IkduLt investmenl inLurne
Add depieLialion
{Profitl 105s on sale of assets
Addlldeduci) nel moi'etneni on investsnent5.
Increa%e (decrease) in creditors
{IncreL%e} decrea%e in debiors
556,524
1120,9771
3.321
(818.3271
(131.2261
1556,0131
(123.6641
4.428
1539.0561
(176,0071
10,862
19,571
15(K).941)1 11,370.7411
18

The English Mission of the Sisters of SL Louis CIO
Notes to the Aeeounts
for the year ended 31 hlarch 2022
Aeeounting polieies
Accounting convention
The account% have been prepared under the lll"%iorical co¥1 conveniion wilh iienL4 reeogni4ed ai co41 or iran%aciion value unle%s
otherwi%e %taied in the [eleN.￿Int note{.4) 10 Ihe¥e attouni%. The fi]kkneial .%L11emenl.% have been prepared in aeeordance with the
stdle￿e￿t of Recomrnended Prdciice.. Accounting ReFK)rting by ch￿tieS preparing their dccoullt￿ in aecordance with the
Fi￿ncIal Reporting Stand￿d <ipplicable ill the LK and Republic of Ireland IFRS 1021 i%5ued on 16 Jllly 2014 and the Fin￿CIal
Reporting SLqndard applicable in the United Kin£dO￿ and Republic of Ireland (FRS 1021 and the c1￿1￿e5 Act ?01 l.
The tru%t con%tillltes a pllblic benefit entiry def￿ed b)- FRS 10?
The trustees consider thai there are no n]aieria] uncenaintie.% about the Trusi's abiliry io continlle a going concern.
Income
All Incon￿ is recogni%ed once the chariry has enut]ement io the incon￿. it ]% probable thai the income will be received and tlie
nouni of income receivable can be n￿aSured reliabl)". Donatio￿%. are rtcogni%ed when the Trust ha% been notified iii writing of both
the amouni and setilemeni date.
Legacies are recogni.sed on a cabe by case basi5 follo￿.ing the graniing of proba￿ the administraiorlexecuior for the esiate has
communicated In ￿￿ting boih Ihe amouni and senlemeni da￿_
Inierest on funds held on deposil is inLluded when receivable and ihe anK)uni can ￿ measured reliably by the charily- this is nornLqIIy
upon notifiLaiion of ihe inieiest paid or payable by ihe bank.
Dividends ale ieLognised onee the dividend ha5 been declared and notifitaiion has been ieceived of the dividend due. This is
notm(Illy upon nutifiLdliun by uui investmeni advi5uI of ihe dividend yield in ihe inNesttneni portlolLO.
Expenditure
Liabilities die teLo¥ni5ed d5 expendiiuie a5 Ihere is a leual or LonsIrt1Lti￿e ubljualion ujnunilling the Lhdtity lo th<il
expendiluie, it is piobable that 5ettlernenl be iequired and the of the obliudtion can be mea5uied relidbly.
The cost of geneiatinu funds includes the fees paid to investment n&￿agerS in respect of the manaoemenl of the chaTit} s investment
portfolio5.
Expenditure on cFwitable activities comprises direct ex￿nseS incurred on the defined charitable purposes of the charity and
include% %iaff co%18 attributable 10 the aciiviiv.
GOVern￿et COSLS comprise of expenditure on conipliance wilh and &dvice on co]L%tituiiona] and %thtutory Inatiers.
AS all expenditure can be atiribuied io specific Cwegories no app)nion￿rnI between luding has been necessary. Irrecoverable VAT
is included in Ihe iiems of eX￿nditUre 10 which it relgies.
Tangible fixed a￿ts
Freehold land and buildings, in the main used as privaie tesidenlial acLomnKKiation, are included ai a valuaiion based eiihei on a
value eslimdted by the Irustees ui on hislvTiLal LU51. The Ttuslees nul Lonsider ihdl the expense of a ptulebsional walualion irt
urdei Iu d5Lertdin the sepaTale Vdlues of the land and buildings is justified.
The building5 are in con5tani use in furtherance of the chatilable objective5 and are mainLiined to standaids that ensure thdt their
iesidual value 15 noi less than the book value. Buildin(Ts are not depteciated: for rea50ll 5Llted. Lhey have a very long useful e£onoTnic
life such that annud depreciation would be imniaierial.
All as%ets co%ling more than £5(K) and with an expecied life of more than one year are capita]ised. Depreciation is provided at the
following annual ratrs in order to write off each asset over lis esti1n￿ed useful life..
After five year% plant, equipment, fixiure% and fittings with a net book vallle of nil are written out of the a¢¢ounis as in the opinion of
the Trustees such assets have a negligible residual value_
Plani, equipment. fixiures and fillings 20% or 25* on cosi.
Motor vehicles 2.5 * tsrt ￿nIleft dowi value.
Forei¥n currencies
Transaliions in foreign currencies are recorded ai Ihe raie rnling ai ihe dale of ihe Iransaciion. Monethry assets and liabilities
denominaied in foreign currencies are iranslaied ai ihe Tale of eiLhange ￿ling ai ihe balanLe sheei dale. All differenLes are thken io
Ihe piofit and loss account.
19

The English Mission of the Sisters of SL Louis CIO
Notes to the Aeeounts
for the year ended 31 hlarch 2022
Investments
Invcsttl)Cllt% are a forni of basic financial instnuneni a￿1 are initially recognised ai their [ran￿ClI0￿ value and .%ub.sequenily mea%ured
ai their fair vallle as ai the halance %heet d￿e using the closing quoied nwkei price. The %thtemeni of financial activities include% the
net gain% and In%%e% arising on revaluation and dispo￿1% throughout the J'ear.
The Trust d(*% not acquire put options, derivaiives nr other complex financial in%trnmenL%.
The main fom) of tinancial risk taced by the chariiy is ihai of volaiiliij in equity markeL% and investhieni markeLS due ￿ wider
economic condilion%, the atlirude of invesiors io inve%imeni risL and changes in sentiment Concerning equitiek and withi.n particular
ectors or sub.seetor¥.
All gains and losbes ate taken to the Statement of Fmancial Activities as they a[￿e. Reaknsed gains and losses on investments are
Calcul￿Lled as the difference between sales proceeds a[￿ their opening Cdrt)'ing idlue or their purchase value if dcquired subsequent to
the first ddy of the fi￿cial ye4Lt.
Unredlised g￿n5 losses C￿cula[Cd as the difference between the fair value ai the year end and their Cdrrying value. R&dised
and unreaii%ed inYe%tll￿nt £ain% and 104%es are conthined in the Sthten￿nt of Financial Acti￿lI]es.
Fund accounting
Unrestricied income fund5 comprise those funds wFll"ch ihe tsusieeb are free io use for any purpose in furtherance of the chariiable
objeLtives. Unreslric￿d lunds include desigmated funds %,here ihe uusiees. ai their distieiion. have Lreaied a tund for a s￿¢111¢
Purpose.
The general fund COTnpTises those rnonies. which mas, be used iowards ttjecting ihe charitable objectives of the chdrity at the
discretiun of the Trustee5.
The designated funds are monie5 set aside out of general fund5 and designated for specific putpose5 by the TTUStee5.
Taxation
The chariij. is a regi%iered chariry and therefore is liable for income tax or cor[M)r￿]0￿ tax on income derived from its charitable
activities, &$ li falls ￿'ithin the Yarious exemptions avtiilable io regiS￿red charities
Salarie5 and ￿￿5]0￿5 of tnembers
General
rund
Designated
rund
General Designated
rund
fund
2022
2021
Salaries
Penbiuns
6,
IW.6
197.553
7,155
?09,727
216,882
I￿.644
197.i53
209,727
?16.88?
The %daries and pensions are the earned income of the Menibers of the Order ￿h0 have donated ii. under gift-aid, to d)e
Investment inrome
neral
rund
Designated
rund
General Designated
(und
fund
21122
2021
Dividends and In￿reSt from investn*nts
Bank and other interest
Rents
35,450
267
47,023
82,473
267
38.237
120.977
73.2tK>
2,418
48,046
123.664
32,348
40,852
48.046
47.U23
40.1152
20

The English Mission of the Sisters of SL Louis CIO
Notes to the Aeeounts
for the year ended 31 hlarch 2022
Activities in furtherance otthe charity's objectives
General
fund
Desigtwted
fund
General Designated
fund
fund
2022
2021
Upkeep of communities
Staff co%ts
Premi%es
Communiry and teThonal
Admini¥tration
14.985
1?5.6?8
127.13?
?6.960
294.70)
14.985
125.628
127.132
26.960
294.705
15.736
118,363
l(M),471
24.460
?59.030
15,736
118,363
IIX),471
24.460
259,030
Care of aged Sisters
C￿e home tees dnd personal eX￿nSeS
20.713
20.71.3
20.71.3
20.713
115.486
115.486
-57,743
57,743
57,743
57.743
Goverttanee e05ts
CTeneral
fund
DesigDated
filnd
C7eDeral Designated
fund
fund
2022
2021
Audii fees
Accouniancy fees
Solicitors fees
5,6(X)
3,4tK>
1,991
10.991
-5,600
3,400
1,991
10,991
3.41J)
7.783
16,783
3.41J)
7.783
16.783
Net incoming {outgoiDg} resources before transfers
This is siaied atier charging (Lredilingl
Genernl
rund
Design*ted
rund
General Designated
fund
21122
2021
Stdfl Lobls
Auditors remuneration
Accounting and other
Depreciaiion
14.985
14.985
15,7.36
5.6(K>
3,4(X)
4,428
15,736
5,600
3,4llO
4,428
3,321
3.321
Staff costs. aDd trustees, remunerdtion
21122
2021
Siaff cosis during the year were as follows..
Wd¥es dnd 5dl<Uie
Social security c051S
Pen%ion contribuiions
14.972
13
15.474
262
14.98.5
15.736
No eniployee eamed rnore than £60,(KK) per annuTn (including benefits} durin￿ Ihe year or in the prei'ious yeaT.
Nn iru.%tee receii'ed ally remuneratian or rein)bursemeJii of expenses ill respeci of %cThice% a% a during the year nr in the
previous year. The li￿l￿g eX￿t]se5 of all members of the Order. including Trusiees. resident in England are paid from ihe funds of
the charity.
The uveruge nulnber of eJnployee4 analy5ed by fuDction w￿.
Nur%ing and domestic
Taxatlon
The CIO, as a registered chariiy. is exem￿ from Lryxation on ILS inco￿ and oains falling within Sectiol) 505 of the
T￿e$ Aei 1988 nr Section 256 of the T￿atiOn of Chargeable Gains Art 1992 ￿ the exieni thai they are applied 10 iis
chariiable objeciives. No lax charge has arisen in Ihe year_
21

The English Mission of the Sisters of SL Louis CIO
Notes to the Aeeounts
for the year ended 31 hlarch 2022
Tangible fixed a&sets
Furniture
and
equipment
Freebold land
lotor
and buiidillgs Yehiele5
Total
Cost
At l April 2021
Additions
Di%po%al8
At 31 March 2022
?.480.544
83.027
?.563,571
11.452.386
1.028.158
11,45? 3R61
1.111,185
83.027
urniiure
and
equipment
Freehold land
and buildings
vehicles
Total
Depreciation
At l April 2021
Charge for the year
On di%po%d%
At 31 March 2022
69.743
3.321
69,743
73.064
73,004
Net book value
At 31 March 2022
At 31 March 2021
1.0211.158
.038,121
2.4Y.3,828
2.48U.544
1.1.284
10 Investn]ents
21122
2021
Listed Investments
Maiket V<ilue l April
Additions at C05t
Sale proceeds from dispo%al% and transfers
Gain (loss) in year
Maiket V<ilue ai 31 MaiLh 2022
Cdbh held by invesimenl mand¥ers foi re-inve51ment
Deposit iti OikvLredit Capital Aeeount
2,970.704
2,461,140
377.308
488.276
{40i.9171 1517,7681
131.226
-5.39.U.56
3,073..321
2,970,704
55.IKII
47,411
110.340
110.340
3,238.662
3,128.4i5
Cost of lis￿d invesiments ai 31 Mwh 2022
2,759,943
2,726,464
11 Debtors
2022
2U21
Sundry debiurs
Other debtors
Prepayn)ent8 and accrlled income
20.916
3.101
34.879
24.017
34.879
12 Crtditors: amounts falling due within one vear
2022
2021
Patiimvny anil dowTy
Sundry Lreoliloi
Accruals
134.676
7.117
134.676
8.8.A4
151.393
152,510
22

The English Mission of the Sisters of SL Louis CIO
Notes to the Aeeounts
for the year ended 31 hlarch 2022
13 Designated funds
Ai l Aptil
?o?o
Incoming
Utili%edl At 31 MdTch
2021
Care Fllnd
Capital fund
1.469.183
2.480.544
3.949.7?7
47.023
67,3 19
1.583.525
2.4¥U,-544
4.064,009
47.0?3
67.319
14 Analysis of net ￿ets between funds
General Designatsd
fund
funds
2022
Tangible fixed &%seis
Curreni &5sets
Credilors." a￿Ount5 falling due
within une year
1,71i.748
2,613.299
?561,035
1,503.U34
4,276,783
4.116,3.33
1151.3931
4,177,6.i4
1151,3931
8.241,723
4,(K)4,U69
23