Charity registration number
1173507
The English MRssion of the Sisters of St. Louis CIO
Report and Accounts
31 March 2024

The English Mission of the Sisters of St. Louis CIO
Report and accounts
Contents
Page
Legal and admini%trative inforniation
Tru5tees' report
Independeni audiior% report
15
Sialement of financial activities
17
Balance sheet
18
Siiilement of Liish flows
19
Noie8 io ihe aLcounl.%
20

The English Mission of the Sisters of St. Louis CIO
Leg(11 dllu AUlIlllllSLf<lLive
Information
Institute Leader
Si%ter Patricia Ojo
Mission Leader
Sister Blanaid Mccaule
Trustees
Sister Mary Moran
Sister Philomena Morris
Sister Margaret Healy
Sister Aogustins Agyirey=Kwakye
Mission Treasurer
Sister Mary Moran
Mission Address
6 Manor Court
65-71A Sutton Avenue
Seatord
E(14t Su%sex BN25 4LR
Charit Number
255245
Auditors
Borucki & Co.
42 Radnor Road
H(irrow HA I I RZ
Investment Managers
Charles Stanley & Co. Ltd
25 Luke Street
London EC4A 4AR
Brewin Dolphin Ltd.
12 Smithfield Street
London ECIA 9BD
Bankers
B￿c]dy'S Bank
1391142 North Street
Brighton
East Sussex BNI IRU
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 (CLTI
now resides in Ireland. The Institute is international in its membership, organisation and
vision, with members in nine different countries. The charity is entitled English Mission of the
Sisters of St Louis CIO, having been registered with the Charity Commission as a Charitable
Incorporated Organisation No. 1173507 in June 2017. The Governing Document of the
Charity is a constitution which states that, the object of the CIO is such charitable purposes
which advance the religious and other charitable work for the time being carried on by or
under the direction of the Institute a5 the Trustees with the approval of the Institute Leader
shallfrom time to time thinkfit. The accounts accompanying this report are the accounts of
the CIO on which the assets of the Institute in England are held.
OBJECTIVES AND ACTIVITIES
The Institute of the Sisters of St Louis expresses its objective as a furthering of the vision,
treasured and pursued by its founders, of a world heciled, unified Lind transformed by the
saving wisdom of Christianity. The English Mission of the Sisters of St Louis CIO aims to
support the religious and charitable works carried out by it5 members in pursuit of this vision
and to care for its members throughout their lives.
CARING FOR MEMBERS
The English Mission has an obligation, both legal and moral, to provide for all its members,
none of whom have resources of their own and all of whom have committed a significant part
of their livesto education, healthcare and other charitable works, here in England and abroad.
A Health Care Plan is in place to ensure that necessary and timely 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 next stage of care.
Age Profile
Age
Number
75-79
80-84
85-89
90-94
The aims of the trustees in caring for sisters are:
Making sure there are adequate resources for healthcare provision;
Enabling members remain in ministry as long as is reasonable,.
Evaluating care and facilities to ensure members receive care suited to their needs.
By caring for individual members during their lifespan with the Institute, the charity aims to
enable and support individual sisters to live out their faith, and to put that faith into practice
in theirvariety of ministries. When planning the work of the charity for the year, the trustees
have given careful consideration to the Charity Commission's guidance on public benefit.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
Keeping connected and celebrating'notable, birthdays.
RELIGIOUS AND CHARITABLE ACTIVITIES
The work and ministries of the sisters reflect the values of the Institute's Mission Statement,
its recent Chapter Documents and Policies. They fall broadly into the following areas:
o Prayer and Spiritual Development,.
o Education;
o Justice, Peace and Integrity of Creation;
Overseas Involvement,.
Governance
Prayer and Spiritual Development
The commitment of the sisters to God, the Church and the Institute, requires them to
undertake on-going formation and the transformation of their lives through prayer, worship
and study; and to find ways of meetingthe spiritual hunger of the wider public, through parish
and other organisations.
o Sisters increase their understanding of and relationship with God through prayer,
courses and retreats.
o Members share their experience, values and gospel vision through writing,
attendin8/leading prayer groups; and reach out to other denominations, faiths and
ideologies in respectful dialogue.
Sisters also vislt or befriend their sick, elderly and bereaved neighbours.
Formal and Informal Education
We are currently a small group of five Sisters engaged in informal educational activities
including..
o Serving on a church committee at diocesan level.
Working with parish teams, acting as Lay Ministers of the Word and the Eucharist;
participating in parish and other study groups.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
Justice, Peace and Integrity of Creation (JPIC):
Some seek to promote JPIC through all their ministries.
For others this is the main focus of their charitable work by:
Befriending and supporting refugees and migrant domestic workers of all
nationalities.
Involvement at different levels with established groups/charities, such as, JPIC Links,
National Justice & Peace Committee, Christian Council forApproaches to Defense and
Disarmament.
Campaigning, emailing, protesting for promotion of human, animal, and planetary
rights. The sisters are more careful than ever to save energy, not to waste water and
to recycle goods and materials where possible.
Overseas Involvement
o The charity supports projects run by the Institute of the Sisters of St Louis in Brazil, the
Republic of Benin, Ethiopia, Ghana and Nigeria through prayer and financial aid.
A modest fund is set aside annually for donations to small enterprises that reflect the
values of the St Louis Mission Statement. or to global charities for humanitarian
purposes when major disasters occur.
The charity has made an investment with Oikocredit, a cooperative society that offers
loans to small enterprises with real potential for broad social impact.
The members offer support and hospitality to sisters who come to England from
Nigeria and Ghana for international meetings and courses of study.
THE
' LL L"r-i-tr￿LL.E￿ [- fLL Lr

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
Sisters Patricia Ojo and Blanaid attended the annual Anti-Trafficking Awards Ceremony in
London October 2023 to honour Sister Patricia Ebegbulem
achievement in receiving the Anti-Trafficking award.
The aims of the trustees in the above areas of ministry include:
Enabling sisters to avail of the necessary training and on-going formation for their
personal and spiritual development and for their charitable work;
Encouraging and motivating sisters to become agents of change as they seek to
transform unjust structures and to promote reconciliation,.
Encouraging leadership styles that enhance collaboration, consensus-building,
networking and team-building.
Helping sisters develop the necessary skills to enable them to access up-to-date
information on current affairs and JPIC issues,.
Sharing of resources in a spirit of mutuality.
REVIEW AND ACHIEVEMENTS
Review of Activities 1st April 2023 to 31 March 2024
The trustees consider that, the main objectives of the charity have been met by the sisters
and that much good work has been carried out 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 inform and educate themselves and endeavor
to bring their wisdom and experience to activities, many of which have been carried out by
Zoom,. a consciousness of justice, peace and the integrity of creation permeates what they do
in their efforts to build up right relationships in church and society. Parish involvement,
advocacy and concern for the poor and needy often make demands well beyond the call of
duty. The trustees are satisfied that the objectives of the charity's mission have been carried
out.
st
HISTORY OF THE ENGLISH MISSION SINCE 1912
We have commissioned an informal history which will cover the period of the St Louis Mission
work in the UK for the past 110 years. The Sisters are currently being interviewed to compile
a record of their memories and research is being done on our archival material. We expect
the history to be published by September 2024.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
'Our Story, a collection of past memories and recollections of an era in the early history of the
English Region, put together by Sisters Louisa Poole and Mary Jo McKeefry, as part of the
legacy of the English Region was published in 2023.
Jpic/pASTORAL WORK
Lesson on archiving materials from the work in Kalayaan.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
At St Gabriel's parish preparing for lunch.
uoit
UNIO

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
Registration for the literacy Classes at Unite.
Margaret with group attending course with Solicitor.
IL4
Enjoying a day at the seaside in August.
GOVERNANCE/ PUBLIC BENEFIT
The sisters continue to live out the charism, Sint Unum, and so, bring about the founderfs
vision of a world healed, unified and tr(7n5formed. The direction is focused by the work of
Institute Commissions on Strategic Planning, Climate Justice, and Finance & Investments.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
The trustees continue to carry out their plan to sell vacant properties when Sisters retire to
Ireland. A large donation from this fund has been made to the local church to set up two pods
to provide accommodation for homeless people, in accordance with The Mission Statement
and relevant Institute documents. Another donation was made to the Sisters of Providence
to rebuild a school in Madagascar and to feed hungry children there.
When a vacant house in Bury St Edmunds was sold the Trustees with the authority of Central
Leadership Team decided to donate the proceeds of the sale of the property to small charities
which are not government funded as follows-
Doctors without Borders IMSFI for their work in Gaza, Vincet d, Paul Society, Pax Christi,
Women's Centre in Bury St Edmunds, Voices in Exile- Brighton, Mary's Meals.
In view of the fact that all the sisters in the English Mission will be returning to Ireland over
the next 6 months, the Trustees decided that the English Mission would finance the living
costs of these sisters for the rest of their lives. These funds have now been donated to the
Irish Region Leadership Team for this purpose.
Smaller donations were made around Christmas time to Crisis and localfood banks.
OVERSEAS
The English Mission makes a donation annually through the Central Leadership Team (CLTI to
the St. Louis Mission in the Tigray area of Ethiopia. Due to the warthe Sisters on mission there
have had to move away and the Convent has been damaged so the donation has been given
to CLT to renovate and support the Sisters when it is safe to do so. A large donation from the
sale of our Convent in Newmarket and school in Bury St Edmunds has been sentto the Central
Team to support our Missionary activity in Nigeria and Ghana and Benin as the needs arise.
The Central Team will send us a report to inform us on how this donation is being spent.
VOLUNTEERING
Throughout the year the sisters give time and energy to carrying out the charity's objectives
on a voluntary basis for the benefit of the public. Some members in their governance roles
are involved in administering the work of the charity. Listening to those in need and in general
parish activities,. substantial effort has been invested in the public arena through the
organizations in which the sisters are engaged. The hours of voluntary work involved
constitute direct benefit to the general public.
GOVERNANCE, STRUCTURE AND MANAGEMENT
The Institute began it5 work in England in 1912. Currently Sisters are engaged in ministries in
the Brighton area and Greater London. The work of the Institute in England is ultimately the
responsibility of the Central Leadership Team {CLTI in Dublin. The English Mission is a
Community of the Institute linked with CLT and has autonomy in running its day-to-day affairs.
This annual report with its accompanying accounts refers to the English Mission of the Sisters
of St. Louis, registered as a Charitable Incorporated Organization with the Charity
Commission.

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
Trustees are appointed by the Central Leadership Team (CLTI for a specified period of time.
The current trustees consist of three members of the English Mission, one of whom is its
Treasurer,. the fourth trustee is a member of CLT and the Liaison Person with the English
Mission. All trustees, being members of the Institute, are conversant with the life and mission
of the Institute, with the ministries and work of the English Mission and the overall issues that
it faces. As members of the Institute their living and personal costs are borne by the charity
but they receive no remuneration for their services as trustees. Their training is ongoing
through reading, consultation and attendance at training events, increasingly by zoom and
webinar. The information and expertise gained isshared with the Leaderand the sisters, when
appropriate, so that all are aware of their legal obligations.
The trustees are ultimately responsible for the policies, activities and assets of the charity.
Besides being in contact by telephone and email, they meet regularly now by zoom, to review
developments with regard to the charity and its activities and to make decisions. Minutes are
taken at all meetings and a copy is sent to the Central Leadership Team and to the Community
Leader. When necessary, the trustees seek advice and support from the Central Leadership
Team, as well as from the charity's professional advisers including accountants, investment
managers, property consultants, solicitors, insurance brokers and actuaries.
PROFILES AND RESPONSIBILITIES OF THE TRUSTEES
Mary Moran SSL: Treasurer
Mary has lived as a Sister of St. Louis for 65 years. 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 same school for a
further eight years. After retirement from school, she trained as a psychodynamic counsellor
and worked in private practice as a counsellor and supervisor. For some years she undertook
voluntary work with the poor as a member of the Harrow branch of St. Vincent de Paul
Society, of which she was treasurer. She was a member of the English Leadership Team for
twelve years and has been Treasurer of the charity for over 15 years. She has participated in
Trustee Training courses and attended the Provincial Bursars, Conference annually.
Philomena Morris SSL
Philomena Morris was professed as a Sister of St Louis in 1961. After obtaining her BA degree,
she taught in England for two years. From 1967 to 1983 she worked in an A level secondary
school run by the Sisters of St Louis in Kumasi, Ghana, where she was head of the English
Department. During that time, she also became part-time chaplain to the Young Christian
Student Movement. This involved the raising of funds, as well as the organizing and planning
of the first ever Pan African meeting of Young Christian Students. As Superior of her local
community in Kumasi she was also responsible for finance.
In 1983 she began training Wlth the Movement for a Better 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 West Indies. She also set up an international finance team to
advise on investments, to raise money and prepare budgets. From 1995 to 2001 she was
Regional Superior in England and a Trustee of the Sisters of St Louis and she undertook
courses in leadership and trusteeship. At the time the work involved re-organisation, sale of
property and downsizing in general. Since then, she has held an administrative role in a busy
io

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
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 actively as a Trustee. She is
also a member of the Diocese of East Anglia Safeguarding Commission.
Margaret Healy SSL
Margaret has been a memberof the Institute of St. Louis since 1964 and she is an experienced
leader. She served on the English Regional Team for nine years from 1986 to 1995 and on the
Central Leadership Team from 1997 to 2003. She was invited by the English Region to take
on the role of Regional Leader in August 2004. She has participated in trustee training days
and in days organised by the Conference of Religious and JPIC Links Group. Following a
General Chapter of the Institute, she was again elected on the Central Leadership Team from
October 2009 until August 2015. She is currently a Trustee in the CIO of the English
Community.
Margaret Healy co-founded a number of organiz
ations including the Commission for Filipino Migrant Workers, Waling-waling, Kalayaan,
Bahay Kubo la Philippine Housing Association) and Justice for Domestic Workers. Margaret
is still available for advice and guidance with Waling-waling since 2018 when the organization
was re-established to support migrant domestic workers coming to the UK following the
removal of the domestic worker visa in 2012. Having completed courses in employment law,
Margaret also helped as a volunteer with Unite the Union on Monday afternoons giving free
advice to hotel, restaurant, bar staff and migrant workers; and represented them at their
workplace in disciplinary and grievance hearings. In 2017/18, she was involved in the
preparations and proceedings of the London Hearing of the Permanent People'sTribunal. She
is actively engaged at UK and European level with the ongoing promotion of the work of the
PPT.
Augustina Agyirey-Kwakya SSL,. Central Leadershlp Team Member
Augustina Agyirey-Kwakye made her profession of vows as a Sister of St.Louis in September
1985 and final vows 1993. She obtained a Bachelor of Education 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 1994-2006. During this period, she assisted
students to read in the church and was a school counsellor and a member of the School's
Disciplinary Committee.
While teaching, she was elected Regional Treasurer for the Sisters of St Louis, Ghana, from
1998-2004.she then undertook a two month's course in Budgeting and Financial
Management to enable her operate effectively in this role. From 2002- 2004, she pursued a
Master of Public Administration at the Ghana Institute of Management and Public
Administration. IGIMPA) In 2006-2010 she worked in an administrative capacity at The
National Catholic Secretariat to set up a travel office for the Ghana Bishops Conference.
From August 2010 -August 2012, she studied for a Master of Science in Education at the
Duquesne University in Pittsburgh, Pennsylvania, USA. She returned to Ghana in September
2012 and worked in St Louis Jubilee School as headmistress till December 2021.she has taken
part in capacity building workshops organised by the Sisters of St Louis in Strategic
Management and Documentation. She was elected to the Central Leadership Team of the
Sisters of Saint Louis in October 2021 for a term of six years ending October 2027.
li

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
MAIN RESPONSIBILITIES OF TRUSTEES
To complywith the law and the charity's governing documents and to ensure that the
charity is carrying out its purposes for public benefit;
To act with reasonable care and skill in the charity's best interests;
To manage the charity's resources responsibly and ensure that the charity is
accountable.
RESPONSIBILITIES WITH REGARD TO THE ACCOUNTS
Under Charity Law, the trustees are responsible for preparing the Trustees, Annual
Report and financial statements for each financial year. These show a true and fair
view of the state of affairs of the charity.
In preparing these financial statements, generally accepted accounting practice necessitates
that the trustees,.
Select suitable accounting policies and apply them consistently,.
Make judgements and estimates that are reasonable and prudent;
State whether the recommendations of the Statement of Recommended Practice
have been followed, subject to any material departures disclosed and explained in the
financial statements,.
Prepare financial statements on a going-concern basis unless it is inappropriate to
presume the charity will continue its activities.
The trustees are required to act in accordance with the Constitution of the CIO, within the
framework of charity law, and in accordance with the policies and procedures of the Institute.
They are responsible for keeping proper accounting records, sufficientto disclose at anytime,
with reasonable accuracy, the financial position of the charity at that time, and to enable the
trustees to ensure that, where any statements of accounts are prepared by them under the
CharitiesAct 2022, those statements of accounts complywith the requirements of regulations
underthat provision. They have general responsibility fortaking such steps as are reasonably
open to them to safeguard the assets of the charity; to prevent and protect from fraud and
other irregularities.
RESERVES POLICY
The Charity seeks to maintain reserves at a level which allows it to fund the work and
ministries of the sisters. At trustees, meetings the policy is discussed and reviewed in light of
financial advice received, and of the global financial 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 retirement, old age or ill health.
INVESTMENT POLICY
The charity holds two investment portfolios which are managed by Charles Stanley &
Company Limited and Brewin Dolphin Ltd. The brokers operate within specific guidelines and
ethical criteria set by the trustees and these are revisited and examined on an ongoing basis.
The trustees review the performance of the portfolios and the charity's investment strategy
at regular intervals and take appropriate action.
12

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
RISK MANAGEMENT
In line with the requirements for trustees to undertake a risk assessment exercise and give an
account of this in their annual report, the trustees have looked at the risks the Institute faces
in England and have reviewed the measures already in place to deal with them.
The trustees have identified four main areas where risks may occur:
Governance and Management looks at the risk to the Institute or charity of lack of direction
or care or management skills,. or of inappropriate use of resource
Operational considers the risk to the charity of engagement in inappropriate activities by its
membership, difficulties with staff, unsuitable or poorly maintained buildings, inadequate
Health & Safety or disaster recovery policies.
Financial reviews the risks arising for the charity as a result of diminishing income, fraud and
inappropriate investment policies.
Environmental, external and compliance looks at the effects for the charity of an ageing
membership, adverse publicity, non-compliance with the law, changes in Government policv
and safeguarding issues.
Having assessed the major risks to which the charity is exposed, the trustees believe that by
monitoring its adherence to constitutions, Chapter documents, Institute policies and charity
objects; by ensuring that controls exist over key financial systems; and by examining the
operational, legal, safeguarding and other risks faced by the charity, they have established
systems and safeguards to mitigate those risks.
PROTECTION OF CHILDREN AND VULNERABLE ADULTS
The trustees recognise the absolute necessity of ensuring the protection of all those the
charity serves. The charity takes seriously a One-church Approach and works in compliance
with the guidelines of the Catholic Safeguarding Standards Agency ICSSA}; the trustees are
committed to implementing and carrying out all their policies and procedures. To this end,
the charity has become unaligned with the Diocese of East Anglia and has drawn up a contract
with the Religious Life Safeguarding Service, which will assist with advice, training and
administration of safeguarding matters. Where necessary, sisters and staff have recently
updated Disclosure and Barring Services Certificates. One sister from the Mission acts as
Safeguarding Lead, while another was until recently a member of the East Anglian Diocesan
Safeguarding Commission.
The Community Leaderand Safeguarding Lead have been fully involved in ongoing discussions
concerning the implementation of the One-church Approach to safeguarding by religious
charities. The trustees have been kept informed and have been consulted whenever
decisions needed to 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 the Charities Act 2022. They are
confident that they have complied with their duty under the relevant section of the Charities
13

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
Act 2022 in that they have had due regard to public benefit guidance published by the
Commission.
The trustees have given details of the activities and achievements of the sisters in previous
paragraphs which indicate the seriousness with which they adhere to this guidance. These
works include caring for the elderly within the Mission; the provision of spiritual and pastoral
ministry within local communities. They also include charitable donations to the Institute's
overseas mission and leadership projects, and donations to non-government funded charities
in the UK, that come within the remit of the St Louis Mission Statement.
FUTURE VISION
The Community Leader and trustees will work in cooperation 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 Strategic Plan with regard
to the disposal of property surplus to requirement and the seeking of professional advice
about patrimony. Arrangements are underway to produce an informal history of the Sisters
of St Louis in England since 1912. Following the resignation of the Financial Administrator,
Elieen Head, the position has been filled part-time by Sangeeta Rabheru who also works part-
time as a Financial Controller in Northwick Park Hospital.
It is planned that all the Sister5 will have returned to their homeland by the end of 2024,
measures continue to be put in place to ensure they are supported in making this transition
in their old age.
The Trustees, having followed legal advice have transferred the funds estimated to cover the
cost of care in Ireland over the next 10 years. The investments with Charles Stanley and
Brewin Dolphin will remain and be managed in the UK, the Trustees will return annually to
meet with the Investment Managers and the Auditor. They are confident that the finances of
the CIO are in a healthy condition as the Auditor's financial report shows.
Sister Blanaid, keeping connected with Sisters Roisin and Carmel
after their transfer to Ireland.
14

ENGLISH MISSION OF THE SISTERS OF ST LOUIS CIO
TRUSTEES, REPORT
EMPLOYEES AND MEMBERS OF THE INSTITUTE
The Trustees wish to record their recognition of the professionalism and commitment of their
staff and the individual members of the Institute. Their dedication and positive approach are
very much appreciated.
Signed on behalf of the Trustees
Trustee
Approved by the Trustees on
15

The English Mission of the Sisters of St. Louis CIO
Auditors, Report
Independent auditors. report to the Trustees. ot the English Mission of the Sisters of St Louis
We hLlve audited the financial %tatement% of the Engli%h Mission of the Si%ter% of St Loui% for the year ended 31 March 2024 which
compri%e the Statement of Financial Activitie%, the Balance Sheet, Statement of ca%h flow% and the related note%.The financial reporting
framewi)rk thdt ha% been applied in their Prep￿￿11()n IS dppIiLdhle Idw and United Kiiigd()m ALL()unting Stand￿d%, inLluding FindnLial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally
Accepted Accounting Practice)..
In our opinion the financial %tatement%'.
give a true and fair view of the %lale of the Lliarity'% affaips a% ai 31 March 202.3 and of it.% inc()mie.% and expenditure f()r the
year then ended;
have been properly prepared in accordance with UK Generally Accepted Accounting Practice; and
have been properly prepared in accordance with the requirements ot the Charities Aet 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our
respoii%ibilities linder tliose 5t<indard% are further desLribed in the Auditor's respoiisibilities for tlie audit of tlie aLLounts section of our
report. We are independeni of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the
UK, including the FRC'S EthiLal Standard, and we have fulfilled our other ethiLal responsibilities in iiLLordanLe with these reqiiireimenls.
We believe that th¢ audii evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Lonelusions relating to going Concern
Iii duditingy the finaiiLial %tatenienl%, we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation of
che financial %LaL¢menis is appi'opriale.
Ba%ed on ihe work we huve perforined, we huve not identified uny material unLertuinties relating lo events or Londitions thul,
individually or colleclively. may casl significant doubl on ihe CIO'S abilily lo conlinue as a going concern for a period of al
leilst 12 months from when the finunLial slaleinents ure authori.4ed for issue.
Our re%'pon%ibililie.4 and ihe re%pon4ibiliiies of ihe Iru.8lees willi respect lo going concern are described in Ihe relevanl seclion.s
of thi% repoit.
()Iher infvrmatiun
The Ii'u%lee% al'e respon%ible for Ihe oiher information. The other inforinalion LoiMprise% the inforinalion inLluded in ihe reporl and
aLLvuni% vihei. Ihan Ihe aLLvulli% and uur audilvr'% report Iliereun. Our upinion on Ihe aLLvunls due% nvl Lover Ihe oiher inloriniilion lind
we do not expre%% dny foi-m of assui'dnLe LonLlu%ion Iliereon.
In LonneLlion wilh our auiiii of Ihe acLounl.s, our re.spun%ibilily 1% lo read Ihe olher infurmaliun and, in doing $0, con%ider wheiher Ihe
oiher infoi-malion 1% malei-ially inLon%i%lenl with Ihe aLLounls or our knowledge obiained in ihe audit oi. uiherwi%e appeal-% lo be Inalerially
mi%%l<iled. Il we ideiilify %ULh malerial iiicoii%i%leiicie% or app<ireiil m<ilei-i<il Ini%%lalemei)l%, we are required lu deleriiiine wheiher Iliere is a
material IMi%%ldlemenl iii Ihe dLLouiil% or d malerial nii%%laleineiil of ihe oiher iiifoi-malioii. Ir, ba%ed on the woi-k we have pei'foi-med, we
coiILlude Ihai ihere i% <1 malerial mi5slalenieiil ol Ihi% olher iiilormalioii, we are required lo reporl Ihal faLI.
We have iioihiiiby lo repoi'l iii Ihi% rebyai'd.
Matters on which we are required to report by exception
We have iioihinby lo repoil iii re%pe¢l of Ihe followiiisv IMallers where the Chdrilie% Alt 2Q I I require.% lo reporl lo you if, in our opinion:_
the infoi'matioii byiveii in the Tru¥lee%' Annual Report ].% i1i¢01isi%leiil iii aiiy material re%pe¢l with the finanLial %lalemenl%; or
suffivieiil a¢¢ouiitinbY reLord% have not beeii kept; or
the finaii¢idl sldlements are not iii abyreenient with the a¢¢ouiiliiisy re¢ord% and retuni.%; or
we have not reLeived dll the inlormatioii and explanali01is we require for our audit.
Responsibilities ol, trustees
As explaiiied mvi'e fully in the Trusiee%' Resp()n¥ibililies Slalemenl %el (iut oil pa&ye 12, the Trustees are resp()nsible fi)r the preparatii)n ()f
fii)ancial slalemenls which give a true and fair view, and for such ii)lernal coi)Irol as the Irustees determine is necessary to enable the
pi'epai'¢Lli()n ()f aLCOUllts th¢LI are fl'ee from material mi551¢ilement, whether due to fi'(iud ()r error.
In preparing the accounts, the Iruslees are responsible tor assessing the charity's ability lo continue as a going concern, disclosing, as
applicable, matters I'elated io groingi L()llLern and u5ingi the goingF C()ncern basis of riccounling unless the Iru51ees either intend t() liquidate
the charity or lo cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the aLiounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free t'rom material misstatement, whether due
to fraud or error, and io issue an <iudilor's report that include5 our upini()n. Reasonable ¢155uranLe 15 ¢1 higFh level uf assur(Ince, bul is nul a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements
can <ifi5e fi'om fraud oi. ei'i'or (ind are Lon5idered m¢lterial if, individu¢illy or in the aggTregJiite, they oould rei150lliibly be expeLled to
influence the economic decisions ot users taken on the basis of these accounts.
Irregularities, including frciud, (Ire inst(Ince5 of non-compli(Ince with laws and regul(Itions. We design procedures in line with our
responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our
protiedure5 (Ire L¢ipable of detectingT irregularities, including fraud i5 detailed below..
16

The English Mission of the Sisters of St. Louis CIO
Auditors, Report
How the audit was con%idered capable of detecting irregularitie% including fraud
Our approLlch to identifying and a%%e%%ing the ri%ks of material mi.%.%tatement in re.%pect of irregularities, including fraud and non-
compliance with law% and regulations, wa% a% follow%'.
the engiigement Partner ensured that the engagenient tedm LolleLtivel}' had the appropriate Lc)InpetenLe, capdbilitie% (Ind %kill% to
identify or recognise non-compliance with applicable law% and regulations.
we identified the Idw% and regulation% dpplicdble tc) the Charity through di.%¢u%%ic)n.% with management and tru%tee%, and fr()In our
k.nowledge and experience ot the charity sector;
we fi)ou%ed c)ii %pecifio Idw% aiid regulatic)ii% which we con%idered may have a direcl mdterial effect on the L2CC()iints or tlie activitie% ()f
the charity. These included but were not limited lo the Charitie% Act 2011, Accounting and Reporting by Charitie%: Statement ot
Re¢()mmended Pr4iCtiLe applicable to charitie% preprfwing tlieir account% in acLc)rdance witli the Fin¢inLial Rep()rling Si¢ind¢ird applicable to
the United Kingdom and Republic ot Ireland (FRS 102) (etfeclive l January 2019). and Sateguarding Regulation.% a% they affeet the direct
cli£iritable aLlivitie% ()f the charity- and
we assessed the extent of compliance with the laws and regulations identitied above through making enquiries of management and those
cli£irged with governaiiLe and reviewed niinute5 of triistee5' nieeliiigs.
We assessed the susceptibility ot the Charity's tinaneial slalements to material misstatement, including obtaining an understanding of how
friiud might OLLur. by:
making enquiries of managemeni and trustees as to where they considered there was susceptibility to fraud. their knowledge of actual.
LispeLted ctnd alleged fraud; and
considering the iniernal controls in place to mitigate risks of fraud and non-compliance
with law% and regiilation%.
To address ihe risk or rraud through managemenl bias and override of controls. we..
performed anulytiLiil proLedure4 to identify any unusiiul or unexpeLted relution%hips;
le8led and reviewed journal enlries lo idenlify unusual Iransaclion.8;
lesled ihe uuihorisalioii of expendilure
a%%e%%eJ wheihei. judgiemenis and a%8umpiion8 made in determining Ihe accounling eslimales were indicalive of polenlial bias: and
inve%ligyai led the ralioiiale behind 4ibFnifiLanl or unusudl Ii-dn%uLlions.
In i'e%pon%e lo (he I'i%k of irregiulariiie% and non-Loinplianue wilh law% and regulalions, we designed procedures which included. bul were
nol liimiled io..
agreeingi [inanLial %lalemenl Iii%Llo%ure% io underlying %upporiing doLumeniaiion;
reading the Ininules of meelings of Iru%lees' and
enquiring uf m£inagemeni and irusiee% lo aLlual and poleniial liligalion and claiins.
Thei'e are inhereni liniilalion% in our audil proLedure% desLribed above. The more reimoved Ihdl laws and I'egulalion.% are from finanLidl
Irill)S<iLliui)%, Ihe le%% likely il i% Ihal we would beLume <iware uf i)oii-LoinpliaiiLe. Audiliiig %laiidard$ 411%0 liinil Ihe audil pfoLedures
required io ideiilify noii-LompliaiiLe wilh laws and regulaliulis lo eiiquiry of ihe Iru%lees and oihei. management and Ihe in%peL'lion or
regulalory aiid legal corre%poi)dei)ce, if any.
Mdleridl mi%%lalemeiili Ihal ari%e due lo (raud Lan be harder lo deleLI than ihose thal arise froin error a.% Ihey may involve deliberale
coiILealmeiil or Lollu%ion.
A fui'ihei. desLfipiioii of oui. re%poii%ibililie% (or Ihe audil of the aLL()unls is IoLaled on Ihe Finaii¢ial Reporlin&' Coun¢il's website 41
www.frc.org.uklaudilorsrespoiisibililies. Thi5 de5criplion form5 part of our audilor's report.
Use of report
Thi% repoi'l is made solely to the ¢harily'S Iru%lees, as d body, iii a¢¢ordJn¢e with ¥e¢lioii 144 of the Charitie¥ Avt 2011 dnd with
regulations made under section 154 of that Act. Our audit work has been undertaken so that we might State to the charity's trustees those
matters we dre required to state to them iii an auditor's report aiid for iio other purpose. To the fullest exlenl permitted by law, we do not
accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work, for this report, or
fvi. the upinioii.5 we have foi'med.
Borucki & Co
CharfLJr¢d A(.'<'(?ui?lunl.s und Siutulciry, Audilur
42 Radnor Road
H(Il'l'OW
Middlesex HAI IRZ
Signed on
Borucki & Co is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.
17

The English Mission of the Sisters of St. Louis CIO
Statement of financial activities (incorporating an income and expenditure account)
for the year ended 31 March 2024
General
fund
Designated
fund
General Designated
fund
fund
Notes
2024
2023
Incoming resource5
VoluJ)lary income:
Doi)dtion4 and Ic¥aLic.%
Salaries stipends and pension8
Giiesi8
Activlties for generatlng funds:
Iiivc4tmcnt ii)Lomc
Miscellgneous income
Mi8cellaneauq
Surplus on sale of a￿ets
4,686
136.439
4,686
136.439
103,403
103.403
110,216
52,608
162,824
111,577
57,917
53,660
2.n87
8,885
2?4,-f y I
2.087
8,88.fj
277.199
3.6n6
68.079
-324.387
3.6n6
68.07LJ
?70.7?7
52,608
Expenditure
Raising funds
IiivL4lmLiit mana¥er% leeg
Properly mdi)d&Tcrs I'ecs
Charitable activities:
Charitable actlvitles
UpkLLp ut coniniuiiitie%
Car¢ ot mcmbcrs
Donation4 and mi%%ions
GoN'LrnancL CO%t%
Dctccit on 4dlc ot a%%ct
9,691
12,574
22.265
17,432
7.408
10.024
168,751
1611,751
20.3,05Y
250
244.193
1.3.6.fj3
20.3.05Y
250
3,851.noi
13,()411
3,851.0()I
l.l L)40
244.193
4.11.13,6Y2
4,113.1,(792
41)1 1.55
4()11.Yll.f
2511
Total expendliure
4,1143,-187
12,-$74
4,11fj.S L).f 7
4711.-5117
111.274
Incomin% resources less expendlture
(3.818,7921
40,U34 13,778.7511)
1154.2110)
1197..fj86)
Net gullls (1<)55e5) Investments
88,565
25,tii I
114,376
(269,1111)
(111,157) (155,854)
Net Income lexpendlturel
(3,7.30,2271
65,845 13,664.382)
(42.3.211)
(.310.743) (112.468)
Transfers hetween funds
Net mnvement in funds
171.661
1171.663)
1139.0110) 1284.131)
(3.730.227)
65,X45 13.()64,3112)
142.1.211)
Reconclllatlon of funds
Total fund% bri)ught f()rw£ird
TrJnNfLrrLd I'n)ni TIIL IiiNlitute of The Sisl¢rs 1)f
Si Li)uis Juilly-Mc)ndgihdn
Tvtal funds iarri¢d fc)rw¥ird
5.490,960
1.700.733
2,327.553
2,393,.398
7.818.513
4,154,131
8,241.723
7,818.512
5,fi30.11411 9,611.683
.5,491},(J()11 2,.3!7,5.52
The statement of financial activities includes all gains and losses in the ye￿. All incoming resouires dnd resourceb expended derive from
continuing dctivitieb
18

The English Mission of the Sisters of St. Louis CIO
Balance Sheet
as at 31 March 2024
Notes
2024
2023
Fixed assets
Tangible a%%et%
Inve%imeni% ai market value
892,746
3.041,207
-3,933.953
863,662
2,950,703
3,814,365
io
Current assets
Debior
Cash at bank and in hand
10.104
224,3.56
234.460
19,889
4,0()8,921
4.028.810
Creditors: amounts falling due
within one year
12
114,282)
124,663)
Net current assets
220,178
4,004,147
4,1.fj4,111
7,818,-fj12
L'apital and reserves
UnresitriL'ted fundsb
Genei'Jl fund.4
De%igTnuled fund%
1,7611,713
2,3L)3.3C)11
4,1.54,111
5,4l)(1,960
2.327.552
7,14114,-512
Appoved by ihe Trusiee.s
aiid %igiied oli Iheir behair
Mary Morali
Tru%tee
Approved by the Trustees on
19

The English Mission of the SRSters of St. LOURS CIO
Statement of cash flows
for the year ended 31 March 2024
Note
2024
2023
Cash generated in operating activities
(3,939,280)
(454,069)
Cash flows from investing acivities
Investment income
Proceed.5 of inveslrnenl Siiles
Purchases ot investments
Ner proceeds on %ale of assets
Cash provid¢d (used) in inv¢siing activities
162,824
6.31,125
(660,142)
12.249
101.826
111,577
739,996
(675.922)
240.149
415.800
Increase in cash and cash equivalents in year
(3.817,454)
138.269)
Movement in year
(DeLrea%el inLreuse in Lu.4h at biink Lind in hand
(Deci'ea%el increase in ca41i held by inve%lmenl inanagers for re-inveslinenl
(3,784.565)
152,14XC))
11,11.17,454)
181,395)
45.126
A. ReLonLililltion ol, net movement in fundsTr to net L'ush flow Irum operating
21124
2023
Nei income {expendilure)
DeduLI iiive%lmeiil iliLonie
Add deprecialioii
(Profil) loN% on %ale o( assets
Add/ldeduLI) nel movemenl on inveslments.
InLI'eaie (deLI'ea%e) iii Lredilors
(InLrease) deLrease in debiors
(3,664,382)
(162,1124)
(42.1,211)
(111,577)
2,3149
(68,Q79)
26l),O I I
(12C).730)
4,128
(454,069)
(8,11115)
(114,376)
(10,381)
9,785
(3,939,280)
20

The F.nglish Mission of the Sisters of St. Louis CIO
Notes to the Accounts
for the year ended 31 March 2024
Accounting policies
Accounting convention
Tlie account% have been prepared under the hi%torical co%t convention with itein% recognised at co%t or tran%action value unle%%
othenvile stilted in the relevant nole(%} lo Ihe%e aecounl4. Tlie finaneial %lalemenl% liave been prepiired in aecordiinee will) Il)e
Statement of Recomjnended Practice: Accounting and Reporting by Charitie.% preparing their accounts in accordance with the
Fin<incial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) i%%ued on 16 Jiily 2014 and the Financial
Reporting Siaiidard applicable in the United Kiiigdoni and Republic of Ireland IFRS 102) and the Charities Act 2011.
The Iru81 consiiiuie% a public benetil enlily a% Jet'ined by FRS 10?
The Iruslees consider diat tliere are iio Jnalerial uncerlainlies about the Trust's ability to continue as a going concern.
Income
All inLoine is reLogni%ed once the Lharily has entitlenient lo the incoine, it is probable that the inLoiMe will be received ¢tnd the
amouni of incon)e receivable can be measured reliably. Donations. are recognised when the Trust has been notified in writing of both
the dnioiiiit dnd setilenienl date.
Legacies are recognised on a case by case basis following the granling of probate when the adininislralorlexecutor for the eslale has
LoniniuniLated in writing both the uniount und 4eltleiiient dute.
Iniere.8l on funds held on deposit is included when receivable and Ihe amount can be measured reliably by ihe charity; Ihis is
normdlly upon notifiLulion of Ihe inleresl paid or Piiyuble by the billik.
Dividends al'e reLugni4ed once the diviJenJ ha4 been deLlared and nolificalion has been received of ihe dividend due. Thi.s is
norindlly upon notifiLalion by oui. inveslineiil advi%oi- of ihe dividend yield iii Ihe inve.%liiienl poi-lfolio.
Expenditure
Liabiliiie% al'e i-eLO&Tnised as expendilure as soon a.% ihere is a leb7uI or Lonsli-ULlive obli&Talion L'oininillin&' the Lhai-ily lo ihut
expendilure, il 1% probable Iliai %eiilenieni will be required and Ihe 411nounl ol Ihe obligyalion Lan be Ineasured reli<ibly.
The Losl of generaling funds inLlude% ihe fees paid lo inve%liMenl Imundgers in re%peLI of the Inanageinenl of Ihe L,hdrily's inve%linenl
porifolios.
Expendilui'e on L,hdrilable aL'livilie% Loinpri%e% direLI expenses inLurred on ihe defined Lharildble purposes of the L,hdrily and
inLlude% slafl Lu%1% iillribuliible lo Ihe aLlivily.
Goverii&lllLe Lo%II Lompri%e of expeiidilure on LomplianLe wilh and adviLe on Lonslilulional and %lalulory Inallers.
As <ill expeiidilure cali be allribuled lo specific Lalegories no 4ipporlioiimeiil belweeii headiiig h41$ been necessary. Irrecoverable VAT
is inLluded iii the ilem% of expendilure lo whiL'h il relates.
Tangiible fixed assets
Freehold land and buildings, iii Ihe main used a.5 privale resideiilial accommodalioii, are included al a valualion based eiiher on a
Vdlue e%limaled by the Ii'uslee% or on hisloriLal Lo%l. The Tru%lees do iiol ¢on%ider that the expen%e of a professional valualion in
order lo asLerlaii) (he separale values of ihe land and buildiiigs is juslified.
The buildiiibiS al'e in Voiislaiil use iii furiherdiice of ihe Chdi'ilable objectives aiid are I￿aintained lo ¥landard% that en%ure that their
residual value is not less than the book value. Buildiiigs are not depreciated, for reason stated, they have a very loi)g useful ecoi)omic
life SULh that aiiiiual depreciation would be immdleridl.
All assets costing more than £500 and with an expected life ot more than one year are capitalised. Deprecialion is provided at the
Ii)Ili)wiiig¥ aiinual I'¢Lles in ()rder l(} write off eJLh J%%el over il% e¥limJled u%eful life:
Atter five years plant, equipment, tixtures ai)d tillii)gs wilh a iiet book value of nil are written out of the accounts as in the opinion of
the Ti'uslees such a%%el% have a iiegyligyible residual value.
Pl<int, equipment, fixtures and filling5 2010 or 250k on cost.
Motor vehicles 25% on written down value.
Foreign eurreneies
Tr(In5<iCtions in foreigyn currencie5 rfire rev()rded at the rate rulingy at the d(Ite of the tr(InS<iLliun. M()net(Iry assets and li<ibilities
denominated in toreign currencies are translated at the rate ot. exchange ruling at the balance sheet dale. All dit'ferences are taken lo
the profit and1055 aticount.
21

The F.nglish Mission of the Sisters of St. Louis CIO
Notes to the Accounts
for the year ended 31 March 2024
Investments
Inve%tment% are a form of ba%ic financial in%trument and are initially Tecognised at their transaction value and %ubsequently inea%ured
ai their t11 ir Vi11ue al The balance %l)eei dale using the clo%ing quoted n]arkel price. The .%lalemenl ot financiiil activitie.% include% Ilie
net gains and lo%%es arising on revaluation and di%po%al% througliout the year.
The Tru%[ doe% noi aLquire plll option%. derivative% or oil)er Lomplex financial in%trllment%.
The Inain forni of financial ri%k faced by the charity is that of volatility in equity niarket% and investinent niarket.% due lo wider
economic eondilion%, the aiiilude of inve.%lor% lo inve%lmenl ri.%k, and cliange% in 4enliment concerning eqllilie% and within particular
sectors or Sub sectors.
All gciin% and lo%%e8 c1re taken lo the Sialemenl of Financial Activities as they arise. Realised g¢iin8 and 1088es on inve8linenl8 are
calculated as the differeiice between sales proceeds and tlieir opeiiiiig carrying value or their purchase value if acquired subsequent to
the fir%[ day of Ihe financial year.
Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised
and unreali8ed inve%imeni gain8 and lo%%e8 are Lombined in Ihe Siaiement of Financial Aciivilies.
Fund accounting
Unreslricted income funds comprise ihose funds which the truslees are free lo use for any purpose in furiherance of the charilable
objeLtive.s. Unre.4triLted funds inLlude designuted funds where the trustee.s, ut their disLretion, huve Lreiited &i fund for u .speLifiL
purpose.
The gyeneral fund Lonipri.4es those monies, whiLh Inuy be used toward% meeting the Lharituble objeLtive% of the Lharity al the
di%creliun of Ihe Tru%lee8.
The de%ibFlliiled fund4 are rnonies set aside out of greneral funds und de%igTllUted for speLifiL purpose.s by the Trustee.s.
Taxation
The Lharily i.s u regyj%lered Lhurily and Iherefure i% nol liable fur inLoTne lux or Lorporalion lux on inLoine derived froin ils Lhiiril&ible
aclivilie%, a.4 il (alls wiihin Ihe various exempiions available lo regyislered Lharilie
Salurles und penslons of members
(Teneral
rund
Deslgnuted
I'und
(7eneral Deslgnated
Yund
rund
2024
2023
Salaries
Peiisions
4,165
132,274
136,439
4,165
132,274
136,419
1113,41)_3
103,4U3
111_3,41)3
103,403
The salaries and pensions are the earned income of the Members of the Order who have donated it, under gitt-aid, lo
the trust.
Investment income
General
fund
Designated
I'und
General Designated
fund
fund
2024
2023
Dividei)ds and interest from inveslrnenls
Bank and other interest
Rents
42,895
66,512
809
110.216
52,608
95,503
66,512
809
162.824
97,296
14,281
43,636
53,660
52.608
11.577
53,660
22

The F.nglish Mission of the Sisters of St. Louis CIO
Notes to the Accounts
for the year ended 31 March 2024
Activities in furtherance of the charity's objectives
General
fund
Designated
fund
General Designated
fund
fund
2024
2023
Upkeep of communities
Staff ci)%t%
Premi%e%
Ci)IMmunity cind personal
Adininislr£ilion
2,.39.3
-56,620
102,098
7,64n
168,751
2,-39.3
56,6?0
102,098
7,640
168,751
3,175
69.046
115.678
69,046
1.5,678
1.5.160
20.3.0.59
20.3.0.59
Care of aged Sisters
Ciire horne fees ctnd per%oniil expenses
500
500
2.50
2.50
2.50
2.50
Governance costs
General
fund
Designuted
General Designuted
fund
fund
2024
2023
Audit fee
AcLounianuy fees
SoliLilors fees
5,850
7.1120
,1170
l.l.L)411
5,8.50
4.1511
7,11211
4.150
l l.C)411
Net incoming (outg>oin&i) resources before transyers
Thi% 1% %laled afier LliargFing (Lrediling)
(Tenernl
rund
Def>lgnuted
ftknnd
(Teneral Desl&inated
fund
rund
2024
2023
Siaff cost
Audilors remuneralion
ALLounliiig aiid oiher
Deprecialion
2,-39.3
5,8511
7,11211
11,783
3,175
5,85(1
4,150
2,389
3,175
5,850
4,150
2,389
5,850
7,1120
11,783
Staff costs and trustees, remuneration
2024
2023
Staff costs during the year were as follows..
Wages and salaries
Social security costs
2,393
3,162
No employee earned more Ihan £60.000 per annum (iiicluding benefit8} dui-ing Ihe year ()r in ihe previcius year.
No li-u8lee received any remunei-alion or reimbui-semenl of expen8es in re8pecl of Services as a Iruslee during ihe year or in ihe
previou5 year. The living expenses of all nienibers of the Order, including Trustees, resident in England are paid from the funds of
the Lharily.
The average nun]ber of employees, analysed by function was:
Nursing and domestic
Taxation
The CIO, a.8 a rcgi8lci.ed charily, is cxcmpl from laxalion on 11.8 income and gains falling wiihin Seclion 505 of the
Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its
charitable objcLtives. No tax Lharge ha.8 arisen in the ycar.
23

The F.nglish Mission of the Sisters of St. Louis CIO
Notes to the Accounts
for the year ended 31 March 2024
Tangible fixed assets
Furniture
and
equipment
Freehold land
and buildings
Motor
vehicles
Total
Cost
At l April 2021
Additions
Disposals
Ai 31 MiirLh 2024
856,494
63,887
920,381
44,230
{47,592)
917.019
(47.592)
60,-52.5
8.56,494
14'urniture
and
equipment
Freehold land
and buildings
Motor
vehicles
Total
DepreL'iation
Ai l April 21)21
Charge for the year
On disposals
Ai 31 M4ifLh 2024
56,720
11,783
(44,230)
24,273
56,720
(44,2301
24.273
Net book vulue
Ai 31 M£ifLh 21124
856.494
115(),41)4
36,252
7,167
892.746
863,661
Ai 3 l MJrLh 21121
10 Invesitments
21124
2023
Listed Investmentli
Mdrkei value l Api'il
Addili01is ai cost
Sule proceeds from disposals aiid traiisfers
Gaiii (loss) in year
Markei value at 3 l Mai'Lh 2024
Ca%h held by inveslmeiil manag?ers for re-inve8lmenl
DLposit in OikoirLdit C'apital ALLount
2,739,6115
3,1173.321
659,.589
675.371
1631,125) (739,996)
114,.376
(26().{I I i )
2,1482,.525
2,739.685
47,238
100,127
111,444
10.891
3,041,207
2,950,701
Cost of listed investments al 31 March 2024
2,726,888 2,726.888
11 Debtors
2U24
2023
Sundi-y debtors
Other debiors
10,104
18,889
1.000
19.889
10,104
12 Creditors: amounts falling due within one year
2024
2023
Patrimony and dowry
Sundry creditors
Accrual.8
2,062
220
12.000
14,282
10,996
,667
12,000
24,663
13 Designated funds
24

The F.nglish Mission of the Sisters of St. Louis CIO
Notes to the Accounts
for the year ended 31 March 2024
At l April
2023
Tn¢c)niing
re%ources
Utiliseiv At .3 l Miwch
reali%ed
2024
Tran%ter%
Care Fund
Capital fund
1,471,057
856,496
2,327,55_3
52,608
13,237
1,5_16,902
856,496
2,393,398
52,608
13,2_37
14 Analysis of net assets between funds
General DesigFnuted
fund
funds
2024
Tangible fixed assets
Current assets
Crediiors: amounls falling due
within one year
1,657,406 2,276,547
117,609
116,851
3,9_33,953
2_34,460
(14,?82)
1,760,733
114,282)
4.154.131
2.393.398
25