2024-12-31-accounts

Sisters of Charity of St Jeanne Antide CIO Annual Report and Accounts 31 December 2024 Cba(ity Regtstrab"on Number 1177116

Contents Reports Reference and adminislralion details of the charity, ils Iruslees and advisers ReF¥)rt of the Iruslees Independent audrtols report 12 Accounts Staten*nl of financial activilies 17 Balartce sheet 18 Statement of cash flows 19 Principal accounting policles 21 Notes to the accounts 27 Sisters ol Charity of St Jeanne Anlide CIO

Reference and admlnlstration details of the charity. its trustees and advisers Tmstees Sister PhIlon￿na Ann Archer Sister Yannick Berges Sister Elizabeth Hannon Sister Margaiet Hunston Sisler Noelle Portal Sister Christine Walczak Bursar Sister Yannick Berges Principal Address 6 Woodh'ekj Road London W5 1SJ Telephone [phone] Ernail [e-mail] Charity Rggistratlon Number 1177116 Auditor Buzza¢ott Audit LLP 130 Wood Street London EC2V 6DL Bankers National Westminster Bank plc 1 The Mall Ealing London W5 2PL Solicitors Stone King LLP Upper Borough Court Upper Borough Walls Balh BA1 1RG Gianni & Origoni 20 Via delle Quallro Fontane 00184 Rome Sisteis ol Charity ol St Jeanne Anlide CIO 1

Refèrence and administration details of tho charity. its trustses and advisers Investmènt managers Sarasin & Partners LLP 100 Sl Paul's Churchyard London EC4M 8BU Bank J. Safra Sarasin SA Via Marconi 2 Casella postale 5846 CH-6901 Lugano Sisters of Charity of St Jeanne Antide CIO 2

Report of the trustees Year lo 31 December 2024 The trustees present their report together with ihe accounts of the Sisters of Charity ol Sl Jeanne Antide CIO Ilhe"charity" or Ihe"CIO-I for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out on pages 21 to 26 and comply with applicable United Kingdom Accounting Slandaid5 (United Kingdom Generally Accepted Accounting Practicel. The principles set oul in Accounting and Reporting by Chaiilies.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applKable in the United Kingdom and Republic of Ireland (FRS 1021 have been followed in the preparation of this report and accounts. Introductlon The Sisters of Charity of Sl Jeanne Antide CIO is a Charitable Incorporaled Organisation {CIO) registered with the Charty Commission and governed by a consb'lution dated 12 February 2018. The CIO was set up lo continue the work of the Congregation of the Sisters of Saint Martha Charitable Trust, an unincorporated charity (Charity Registration numter 2338091 and The English Regiotb of The Sisters of Charity of St Jeanne AntKle. also an unincorporated charity {Charity Registration Number 246712}. Canonicalty, the Congregalion of the Sisteis of Saint Martha was a Roman Catholic religious order which comprised a small group of sisters in the United Kingdom. In April 2014 following the granting of permission by the Vatican. the congregation merged for Canonical purposes with another Roman Catholic Congregation, The Sisters of Charity of Sl Jeanne Antide. lo form a new congregation referred lo in the foregoing as.the Congregation". Further lo the canonical merger in 2014, the merger of the aforementioned charities was finalised within civil13w- with effect from midnight on 31 December 2019, in accordance with a legal transfer of undertakings and a resolution ofthe trustees of the ￿ respective charities, the aclivilies, assets and liabilji￿S of both chariknes were I￿nsferred lon a going Con￿rn basis) to the CIO. Prlnclpal alms and objectives The overarching objective of the CIO is the advancement of the Roman Catholic religion through the religious and other charitable wot1( of the cOng￿gatIon. The aims of the charity are to support the ￿]1910￿$ and other charitable works Carried out by the members ol the Congregation, and to care for those members throughout their lives within the Congregation. The majority of the sisteis are now ieb.red from remunerative work, bul even the oldest and the frailest continue to support the mission of the Congregation by their interest and their prayer. In setting the ¢hanly's objecb.ves and planning ils acts"vitses, Ihe trustees have given careful consideration to the Charrty Commission's geneial guidance on public benefit and to the supplementary guidance on the adVan￿[rEnt of ￿ligIon. Sisters of Charity ol St Jeanne Antide CIO 3

Report of the trustees Year lo 31 December 2024 Aetivities, achievements and perfomiance Caring formembers ofthe Congregation On being a¢￿pIed as members of the Congregation, the sisters commit themselves entirely lo its life and work and. in return. the Congregation accepts the responsibility to care for them throughout their lives. The Iruslees are aware of their moral and legal obligations and are giving careful consideration to the health and care needs of the sisters given the age profile of the members. The sisters are assured that as lar as possible they will be cared for within their own community house. The following graph provides an indication of the age profile of the sisters at the end of the period of report". Age Profile of Sisters at 31.12.2024 60.70 70-80 80.90 90.100 A¥15 Title The Iruslees continue lo ensure that each of the members recenies the care she needs. This involves an on-going evaluation of the properties and facilities used by the members of the charity. Sl. Martha's Convent in Rollingdean closed in October 2022 ahead of a major refurbishment which was completed post year end in March 2025. The community have moved back to the Convent which has reopened as a retreat house open for anyone of any faith who wishes lo have a quiet time for pea￿ and prayer. Vocational work The Iruslees ensure the continued and considerable contribution the sisters make in the voluntary sector. So that a living dynamism is maintained through unremuneraled work. This considerable outreach and are able to pul their skills from their former professional life lo work in places wheie there are gaps and needs left unmel. Sisters of Charity of Sl Jeanne Anlide CIO 4

Report of the trustees Year to 31 Decemkr 2024 Activitles, achlevements and perfomiance {continuedl Misslon and charifable donAdon$ Ove￿eaS support The trustees continue lo ffnanaally support work overseas. The Congregation works in 30 counknes. always in very poor and needy regions, especially in the developing woild. Money transferred lo the Congregation's Mother House in Rome is being used in Asia. Central Africa (including provision of primary care and support of a hospilall, Chad, Sudan, parts of South America and lo fund a school in Naples. PrK)rity is gtven to educational deveh)pmenl and to emergencies, usually dire povety and hunger. Charitable Donat￿nS The charity supports those in need both direclty and through other charities. Delails of the financial support given are sel out in note 5 to the accounts. Thi5 included.. Support to other charities - £10.50512023 - £7.296} this includes domestic Charities such as Together Against Cancer. and several religious charities. Also included are charitr'es that restx)nd to crises abroad such as CAFOD and the Red Cross. Education of priests - £58012023- £3,365}- the charity provides financial support for a number of students training in the priesthood at Allen Hall Seminary. London and one sister continues lo work there on an unremunerated basis. Ma$5es and mission Sisters. £1.475 (2023 - £2.0381 mass intentions requested by the Individual welfare support - £7,828 {2023- £4.5521- giving lo the poor and supporting families need. Financial revlew Results for the year A summary of the year's results can be found on page 17 of this report ané eccounls. Totsl income in the year was £2,636.86612023 - £762.7921. Tolal income in 2024 includes investment income of £341.39812023 - £463.9071, salaries and pensions from members of the Congregal¢on of £76,93812023 - £70,995) together with donations frotn other Provinces of the Congregation of £2,217.670 12023 £148,329), and sundry income of £86012023 891- There was no such income in the current year,. however. the results for the yesr ended 31 December 2023 included a one-off gain of £79,182 from the safe of the freehold Pfoperty in Potters Bar. During the year. the charity recetved a one-off donation of £2,303,000 towards the refurbishment of the Rotbngdean property" no comparable donation was received in the prior year. Total expenditure in the year was £1,022.72912023 - £933,171). Expenditure of £959.890 (2023 £9￿.159} was incurred in caring for the sisters and enabling them lo carry out their work. Grants and donations lolalled £20,389 12023 - £17,251}. There was also £16,596 (2023 - £9,761) incurred on the cost of managing the charty's listed inveslmenls. Sisters of Charity of Sl Jeanne Anlide CIO 5

Report of the trustees Year lo 31 December 2024 Flnancial Review Iconlinuedl Results for the year (continued) Net surplus for the year before investment gains amounted lo £1.614,13712023 - nel deficit of£170,379}. Net investment losses of £767.65712023- net investment gains of £2,858,696) arose on the revaluation and disFX)sal of the charity's inveslmenls, and the overall nel movement in funds for the year. therefore, was an increase in funds of £846,480 {2023 increase in funds of £2,688,317). Reserves poliTCy and financial posltlon The balance sheet shows total reserves of £17.125,06512023- £16.278,5851_ £4,399,98512023- £2,044.4551 is represented by the tsngible fixed assets of the charity held within unrestricted funds which are used for the support of the members and their ministry. A further £227.525 12023 - £227.525} is represented by the programme related investment. again held within unreslricled funds. arid used lo support the CIO'S charitable work. A decision was made lo separate both of these funds from the general funds in recognition of the fact that the tangible fixed assets and the programme related investment are required to support the CIO'S day-to-day charitable objeclives and, therefore, cannot be realised easily if needèd lo meet fulure contingencies. At year*lld, reslricled funds lotalled £93,047 12023." Nill, allocated speeifiea15y for the completion of the Rottingdean convent relurbishmenl. Aside from these limited reslricled funds, all assets held by the charity remain as unreslricled funds. Of these, assets represented by tangible fixed assets are accounted for within a separate tangible fixed assets fund, recognising that these assets are integral lo the charity's operations and should not be viewed as readily realisable resources for potential future contingencies. In the same manner, properties classified as programme related investments are maintained in a designated fund. The Iruslees have established a dedicated sisters. retirement fund to address the anlicipaled costs of providing nursing care lo elderfy sisters who have served the charity throughout their careers. This designated fund increased lo £6.000.000 in 2024 12023.. £3,720,0001 in accordance with actuarial recommendatsons and a commitment lo ensuring adequate provision. Additionally, in 2024, an Overseas Development Fund of £2,087.588 12023. Nil) was designated to segregate investments for polenlial projecis proposed by the global congregation. Trustees have also evaluated the necessity for flee reserves-defined as those unrestricted funds not lied up in tangible fixed assets. designated purposes, or otherwise committed. For 2024 free reserves sland al £4.316,920 {2023". £10,286,605). which the Iruslees consider sufficient yel not excessive. The Trustees review the reserves policy on an annual basis. Sisteis of Charity of Sl Jeanne Anlide CIO 6

Report of the trustees Year lo 31 December 2024 Financial Review Icontinuedl Investmentpoll¢y andperformance The charity's listed investments afe managed by Safr8 Sarasin 8ank and Sarasin & Partners LLP, which operate within spectfic guidelines set and regularly reviewed by the trustees. There were no legal resiriclions on the charity's power lo invest. The trustees, investment objective is to maximise total relums within acceptable levels ol risk in order lo meet the charity's on-going needs. In addition. the trustees have agreed that investments should never be made in oiganisalions or products that would conflict with the objectives of the charity or of the Church. During the year ended 30 Detsmber 2024. nel inveslmenl losses of £767.65712023 - net gains of £2,845,730) were generated on the revaluation and disposal of the charity's listed investments. Investment income in the same period lotalled £341,398 {2023 - £463,907). Donations and grant making pollcy The trustees each year make a choice of the charities or projects they feel are in keeping with the charitable objects of the charity. The usual criterion is lo choose lo collaborate with, or support, those projects where govemmenl and local funding does not exist or has ceased lo exist. Fundraising policy The charity on occasions receives donations and volunlary income from the general public.11 aims always lo achieve best practi¢e in the way in which il comrnunicales with dontsrs and other SUPFX)rters_ 11 applies best Practi￿ lo protect data relating lo donors and does not sell data. The charity manage5 its own actnirties in respect lo iaising funds and does not employ the services of professional fundraisers. The chaiity undertakes to react to and invesligal any complaints regarding Its activities for raising funds and lo learn from them and improve its service. During the year, the charity received no formal complaints about ils activities for raising funds. Governance. structure and management Governance In terms of Canon Law, the Congregation is govemed al an international level by Ihe Superior General and her General Council in Rome. These sisters are elected every five years al a General Chapter. Each country has a delegation wtlh a co-ordinator in charge bul is directly responsible lo the Regional Council in France wh￿h in lum responds lo the General Council in Rome. Visits from the Superior General or a member of her Council are made every year to each house in England. In terms of Civil Law. the charity is a Charitable Incorporated Organisation ICIOI, governed by rts constitution dated 12 February 2018, and is registered under the Charities Act 2011, Charity Registration Number 1177116. Sisters of Charity of Sl Jeanne Anlide CIO 7

Report of the trustees Year lo 31 December 2024 Governance, structure and management {conb'nued) Governance (conlinued) In accordan￿ with the CIO'S conslttution. trustees are apwinled by a wrillen resolution of the Superior General. The trustee5 were all members of the congregab.on and wère responsible for the policies, aclivits.es and assets of the charity. They meet regularly lo review developrnenls with regards to the charity and ils activities and make any necessary decisions. INhere necessary, the trustee5 have soughl advice and support from the charity's professional a(Svisers, induding solicitors and accountants. The day-t¢>day management of the charity's actwitie5 is delegated to the appropriate members of the Con9regat+on. As set out in the CIO'S goveming document. in the event of the CIO being wound up, the members of the CIO will have no liabilty lo contribute to ils assets and no personal responsibility for settling its debts and liabilth"es. Trustses The IIu51ees in Offi￿ al any time during the year and to the dale of the signing of this report are listed on page 1. Brief biographical details of each are given below.. Sister M Cecile Archer Sister Cecile was previously Head of English al St Martha's Senior School and then became Headmistress. She was also a superior of the community in Hadley Bourne. During this lime. Sister Cecile was part of the Ecumenical Movement and worked very closely with them. She was the Regional Superior of the English region for many years. She then moved to the General Council in France where she remained lor six years. During her stay in France she was also responsible for the Spanish Province. S￿ter Yannick Berges Sister Yannick is a 65-year•old French Sister. She Joined the Congregation of the Sisters of Charity in 1985 She worked as a nurse, particularly assisting patients receiving palliative caie, in several hospitals in France and abroad. She is a member tsf the Provincial Council of the Congregation in Fon￿. Switzedand. England and Spain. Sister Elizabeth Hannon Sister Elizabeth is a qualffied teacher and holder of a degree in Theology. She joined the Congregation in 1964 and worked as a teacher lor many years before qualifying as an educational Iherapisl and praclising therapy for children with emotional problems. She currently works as a Parish Sistei, involved in Calechelics programrnes, taking cornmunion to the housebound. Sister IAargaret Hunston Sister Margaret is a qualified teacher and holder of a master's degree In theology. She joined the Congregation in 1958 and woikeij as a teacher for many years. She currently works as a lecturer and tutor lo Westminster Diocesan Seminary al Allen Hall. She was appointed as a Iruslee of the English Region of the Sisters of Charity of Sl. Jeanne Anlide in 1975. Sisters of Charity ol Sl Jeanne Anlide CIO 8

Report of the trustees Year to 310eLEmber 2024 Governance. slructure and management Iconlinued) Trustees (¢onlinued) Sister Noelle Portal Sister Noélle is a 59-year old French Sister. She joined the Congregation of the Sisters of Charity in 1998. She qualified as a nurse and worked in that profession until 2016 when she began to work with the initial fom)ation Into the Congregation. In 2018, she was appointed as Provincial Superior for the province of Besanpn- Savoie, a province that operates in four different countries. Swttzerfand, England. Spain and Fr8n¢e. Sister Christine Walczak Sister Chrisline. a French Sister, is a laboratory technicK4n and nurse. She was a missionary in Central Africa for several years and then responsible for the initial formation of young Sisters in France and then in Rome. She wa5 provincial councillor of the Besanwn Savoie Province and also a general councillor in Rome. She has been a Provincial Councillor since June 2022. Structure and managenTent reportlng The trustees are ullimalety responsible for the policies, aclwities and assets of the charity. They meel regularly to review developments with regaid lo the charity and ils activities and make any important decisions. Where necessary. the trustees seek advice and support from the charity's professional advisers. There are three community houses in England, situated in Rottingdean and tsvo in Ealing. The house IT) Rollingdean closed al the end of the year wlh Sisters moving to alternative accommodation whilst a major refurbishment of the property was undertaken. All houses are run and direclty conlmlled by members of the Congregation. The English Delegab'on of the Congregabon comprised an average of len sisters during the period. Key managementpersonnel The Ifuslees consider that they alone comprise the key management personnel of the charity in charge of direciing and controlling, njnning and operating the charity on a day-to-day basis. During the period of report the Iruslees reTrived no remunerats'on in respect lo their duties. Trustees, r95ponsibilitle$ statement The Iruslees are responsible lor preparing the trustees. report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Sisters of Charity of Sl Jeanne Antide CIO 9

Report of the trustees Year to 31 December 2024 Governance, structure and management Iconb'nuedl Trustees. responslbilities statement (continued) The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and faiT view of the slate of affairs of the charily and of Ihe income and expenditure of the charity for that period. In preparing these accounts. the trustees are rw4uired lo.. select suitable accounting pOr￿leS and then appty them consistenuy,. observe the methods and pftnciples in Accounting and Reporting by Charities.. Sl8temenl of Recommended Practice applicable to chaiilies preparing their a¢counls in accordance with the Financial Reporting Standard appluble to the United Kingdom and Republic of Ireland {FRS 1021.. make judgements and estimates that are reasonable and prudent-, • stale whether applicable United Kingdom Accounting Stsndards have been followed, subje¢l to any material departures disclo*d and exp18ined in the accounts., and prepare the accounts on the going Concem basis unless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting tecords that disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure Ihal the accounts comply with the Ch8rit￿S Act 2011, applicable Charity (Accounts and Report5) Regulations and the provisions of the charrty's conslitulion. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of ffaud and other irregulaitties. Future plans The CIO will continue to support the objects.ves and work of the sisters. In particular. the CIO'S rnajor a￿aS of focus for the future will include". The re opening of the retreat centre at Rottin9dean following the refurbishment where they will continue lo welcome varrous organisations and religious ft)r days of prayer or quiet reflection. The continued support ol the social and pastoral work of individual sisters," and The development of a deeper working relationship with individual associates and encouraging new members to join in prayer and in spreading the Good News. Sisters of Charity of Si Jeanne Antide CIO 10

Report of thè trustees Year to 31 DeCem￿r 2024 Risk management The tmstee$ have undertaken a review of the principal risks and uncertainties to which the charity is exposed. Having assessed the major risks lo which the charity is exposed, the trustees believe that they have established eflectwe systems to miligale those risks. The key risks faced by the charity and the means by which they are mil￿31ed are described below.. In¢reasing age pmflle of members The Iruslees are aware thai there is both a moial and legal obligation to care for the older members. None ofthe S1slers have resour¢e5 oftheir own as all earnings, pensions and other income had been donaled lo the charity under a Gift Aid compliant Deed of Covenant. As the age profile increases. $0 too does the need lo provide care for the Sisters. Key elements of Ihe management of this risk aff." lal ensuring that the charity has the available financial resources lo finan￿ this care both now and in the years ahead by setting aside assets in a designated fund. the value of which has been based on actuarial principles,. and Ib} ensuring that processes are in place lo review regularly the ministries and needs of individual Sisters encoufaging those who need il lo lake on le55 demanding ministries and for identifying those who need extra care and help. Safeguarding of the vulnerable Along with all other organisations who serve the community, the trustees recagnise the absolute necessity of ensuring the protectM)n and safety of all they serve. The Iruslees are committed to implemenb'ng all policies and procedures of the Catholic S8feguarding Standards Agency ICSSAI. Listed investments The charity's principal asset comprises listed investmenls, the value of which is depèndent on movements in UK and world st(￿k maikels. The investments are managed by reputable investment managers who adhere lo a Fx)licy agreed by the Iruslees. The trustees meet with the investment managers and the managers. Performan￿ and that of the portfolio are monitored The invesimenl stfalegy is assessed regulady lo ensure it remains appropriate lo the chartty's needs- both now and in the future. S￿lled on behalf of the trustees Trustee Approved by the truslees on. Sisters of Charity of Sl Jeanne Anlide CIO 11

Independent auditorfs report Year lo 31 Oecember 2024 Indepond8nt audilorfs report to the trustses of Si5tors of Charity of St Jeanne Antlde cio Opinion We have audited the accounts of Sisters of Charity of Sl Jeanne Antide CIO Ilhe 'charity'l for the year ended 31 De￿mber 2024 whith compnse the statement of financial acts'vities, the balance sheet. the statement of cash flows. the principal accounting policies and the notes lo the accounts. The financial reporn.ng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generalty A￿pIed Accounling Praclicel. In our opinion. the accounls". give a true and fair view of Ihe stale of the charity's affairs as al 31 December 2024 of ils incoming resources and application of resour￿$ for the year then ended., + have been property prepared in accordance with United ￿"ngdorn Generslly Accepted Accounting Practice. and + have been prepared in accordance with the reqLFiiemenls of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilrties under those standards are turther described in the auditorfs ￿ sponsibilities for the auéil of the a￿ount$ section of our report. We are indettndenl ol the charity in accordance with the ethical requirements that are relevant lo our audit of the accounts in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Conclusions relating to golng concern In auditing the accounts: we have concluded that the trustees, use of the going concem basis of accounting in the preparab.on of the accounts is appropriate Based on Ihe work we have performed, we have not identified any material uncertainties relaling lo events or conditions that, individualty or collectively. may cast significant doubt on the charity's ability to continue as a going concern fof a period of at least ￿e1ve months from when the accounls are aulh0ri5ed for issue. Our responsibilitie5 and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Sisters of Charity of St Jeanne Anlide CIO 12

Independent auditor's report Yearto 31 December2024 Othgr informatlon The other information compnses the information included in Ihe annual report, including the Iruslees, report, other than the accounts and our auditor's report thereon. The trustees are responsible for the other information ￿rntaIned within Ihe annual report Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon Our responsibility is to read the other informalion and, in doing so, consmler whether the other information is materialty inconsistent with the accounts or our knowledge obtained in the course of the audit or otherwise appears to be malerially misslaled. Ifwe idenlfy such material inconsistencies or apparent malenal misslalements, we are required to determine whether this gives rise to a material misslatemenl in the accounts themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other inlormalion. we are required lo report that fact We have nothing lo report in this regard. Mattels on which we are requlred to report by excepllon In the INJht of the knl)w￿dge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Iruslees, report Vve have nothing to report in respect of the following mallers in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us lo ￿POrt lo you if. in our opinion.. the information given in the trustees. report is inconsistent in any material respect with the accounts," or sufficient accounting ￿ordS have not been kept., or the accounts are not in agreement with Ehe accounting records,. or we have not ￿ceiVed all the information and explanations we require for our audit. Responsibllities of irustees As explained more fully in the trustees, responsibilities stslement, the trustees are responsible for the preparats'on of the accounts and for being sat15fied that they give a true and fair view. and for such internal control as the trustees determine is necessary lo enable the preparation of accounts that are free from material misstatement. whether due lo fraud or error. In preparing the accounts. the trustees are responsible for assessing the charity's ability lo continue as a going concem, disclosing. as applicablè, mallers related lo going concern and Using Ihe going concern basi5 of accounting unless the trustees either intend to liquidate the charity or to Trase operahons, 01 have no realistic allernalive but to do so. SisleTS of Charity of Sl Jeanne Antide CIO 13

Independent auditor's rèport Year to 31 De￿mber 2024 Auditor's responslbilities for the audit of the a¢¢ounts We have been appointed as audrtor under section 144 of the Charities Act 2011 and report in accordance wrth the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assuran￿ about whether the accounts as a whole are free from material misslalemenl, whether due lo fiaud or error, and to issue an auditor's report that Includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audilconducted in accordancewilh ISAS {UK} will always delecl a material misstatement when it exists_ Misslatemenls can arise fiom traud or error and are considered material if. individually or in the aggregate. they coukl reasonably be expected to influence the economic decisions ol users taken on the basis of these accounts. Irregularities, including traud. are instances of non-compliance with laws and regulations. We design procedures in line with our ￿SponSIbl1111es, oulined above, lo delecl material misslalements in respect of irfegularilies. including traud The exter¢l lo which our piocedures are capable of detecting irregularities. nKluding fraud is detailed below.. How the audit was considered capable of detectlng Irrègul8rltie$ including fraud Our approach lo identifying and assessing the risks ol malerial misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations. was as follows.. • The engagement dire¢lor ensured that the engagement team collectively had the appropriate competen￿. capabilities and skills lo idenbfy or recognise non-¢omplian¢e with applicable laws and ￿VIab.0ns- + We identified the laws and regulations appI￿able lo the charity through discussions wlh management and from our knowledge and experience of the charity se¢tor", Vve focused on specific laws and regulations which we considered may have a direct material effect on the accounts or the a¢livilies of the charity. These included but were not limited lo the Charities Act 2011, Accounting and Reporting by Charities". Slalemenl of Recommended Practice applicable lo charities preparing their a¢counts In accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 1021, and • We assessed the extent of Compliance with the laws and regulalions identified above through making enquiries with management and those charged with governan¢e and review of minutes of Iruslees, meetings. We assessed the susceptibility of the charity's financial statements to material misslalemenl, including obtaining an understsnding of how fraud might occur, by.. Making enquiries of management and those charged with governance as lo where they ¢onsidered there wa5 SU5ceplibility to fraud, their knowledge of actual, suspected and alleged fraud." and • Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. Sisters of Charily of Sl Jeanne Anlide CIO 14

Independenl auditorfs report Year lo 31 De￿Mbe[2024 Audltor'$ responsibilltles for the audlt of the accounts Iconb'nued} How thè audh was considered capable of detecting ITrragulariti8s Includlng fraud (conlffnuedj To address the risk of fraLtd through rnanage￿nl bias and ovefride of controls. we-. • Performed anatybcal procedures to identify any unusual or urEexpecled relationships", Reviewed joumal entries lo idents.fy unusual traDsaclions,' Carried out substantive iesting of expenditure.. Assessed whether judgements and assumptions made in determining the accounting eslimales were indicatsve of potential bias,. and • Invesligaled the rationale behind significant or unusual transacb-ons. In response to the risk of ifregularilies and non-compli2n¢e with laws and regulations. we designed procedures which induded. but were not limited to.. • Agreeing financial statement disclosures to underlying supporting documenlalion., Reading the minutes of meetings of ttU5tees', and + Enquiring of as to actual and potential litigation and claims. There are inhefent Iirnitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely il is Ihal we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identrfy non<ompliance with laws and regulab'ons to enquiry of the twslees and other management and the inspection of regulatory and legal correspondence, if any. Material misslalemenls that arise due to frau(5 can be harder to delecl than those that arise from erfor as they may involve deliberate concealment or collusion. A further description of our resp)nsibililies for the audit of the accounts is I￿ated on the Financial Reporting Council's website at www_frc.org.ukJaudilorsresponsibilities. This description forms part of our auditorfs report. Sisters of Charity of Sl Jeanne Antide CIO 15

Independenl auditor's report Year lo 31 Oecember2024 Use of our report This report is made solely lo the charity's trustees, as a body. in accordance with Part 4 of the Charities {Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might stale to the charity's irustees those mallers we are required to slate to them in an auditor's report and for no other purpose. To the lullesl exlenl pemitted by law. we do nol accept orassume responsibility to anyone other than the charrty and the charity's trustees as a body, for our audit work. for this report. or for the opinions we have formed. Buzzacott Audit LLP Slalulory Auéilor 130 Wood Street London EC2V 6DL Date: 21 October 2025 Buzz8COtI Audit LLP is eligible to act as an auditor in ter￿￿ of section 1212 of the Companies Act 2006 Sisters of Charity of Sl Jeanne Anlide CIO 16

statement of financial activities Year to 31 D￿mber 2024 2024 Un. 2024 restricted Rostrlct•d funds fund5 2024 Total funds 2023 Total funds Notes In¢¢m$ from.. Donations and legacies Investmellis and interest receivable Othèr sources . mis￿lIaneOuS income Sutplus on disposal ol tsngible fixed assèt Totsl income 77,938 2.217.530 341.398 2,29S,468 341.398 219,414 463.907 289 79,182 762.792 419,336 2.217,530 2,636,866 Exp•ndlturo on: Raising funds Charitable aGtivilip5 Support of members CTrf the Congieg81ion and their ministry Missions. grsnts and donations Loss on disposal of fixed asset Totsl expenditure 16.596 16.596 9,7$1 959.890 20.389 25,8S4 1.022,729 959.890 20.389 25.854 1,022,729 906,159 17,251 933.171 Net1gXpend1￿rel Income for the year before investrnent galns Ilossesl (603,3931 2,217,530 1,614.137 (170,3791 Nel (losses) gains ants foreign Èxchange on investmenls Tiansf¢rs belween funds Net income and net rnovement in fvnds 13 1767,65n 16 2.124.483 12.124.483) 753,433 93.047 1767,6571 2,858,6 846.480 2,688,317 Reconclliation of funds Fund balances brought fc¥ward at 1 January 2024 16.278,585 16.278.585 13,590,268 Fund balan￿$ carried loNard 88 at 31 December 2024 17,032,018 93,047 17,125,065 16,278.585 Ai the charity's activities derwed from conlinuing operations during the above two financial peric￿$. All recognised g3ins and losses are included in the above statement of financial activtbes. All income, exp&ndilure, gain and losses in respect of the year ended 31 December 2023 (comparative period) were wholty in respect lo unreslricled funds, with no reslricled fvnd balan￿$ either brough forward al the start of the comparative period, or carried forward al the end of the compafative period. Sisters of Charity of St Jeanne Anlide CIO 17

Balance sheet 31 December 2024 2024 2024 2023 2023 Notes Fixed assets Tangible fixed assets Programme related investment Financial investments 11 12 13 4.399.985 227,525 12.267,923 16,89S,433 2.044,455 227,525 12,175,505 14,447,485 Current assets Oeblors Cash at bank and in hand 14 17.797 460,393 478.190 496.863 1,446,737 1.943.600 cul￿nt liabilities Cieditors. amounts falliTrJ due within one year 15 1248.5581 {112.5001 Net current assets 229.632 1,831,100 Total net assets 17.125,065 16.278.585 The funds of the charity- Restricted Fund Unreslrided funds Tangible fixed assets fund Progratnme related investmenl fund Designated funds General ILJnds 16 93.047 4.399.985 227.525 8.087.588 4,316.920 17.125,065 2.044,455 227,525 3,720,(XX) 10,286,605 16,278.585 18 19 Approved by the Iruslees and signed on th6 r behalf ly.. Trustee Approved on= I V. ,, (af2. Sisters of Charity of Sl Jeanne Anlide CIO 18

Statement of cash Ilows Year lo 31 December 2024 Year to 31 December 2024 Year to 31 December 2023 Ntstes Cash flows fnjm operating a¢livities-. Not cash used in operatrng activibes 1,952.399 1841,7891 Cash flows from investing activtties: Investment incorne and interest received Pioceeds on disposal of tangible fixed assets Purchase of tangible fixed assets Proceeds 1￿M the disposal of financial invesbnents Puichase of financial inveslmenls Net ¢a¥h provided by Investing activities 341,398 463,907 1.282,010 (11,9941 72,221 12,420,068) 12,078,6701 1,806,144 Ch•nge in cash and cash equivalents In the year 1128,2711 964,355 Cash and cash •qulvalents at 1 January 2024 1.838.975 874,620 Cash and cash equivalents at 31 Dèeember 2024 1,712,704 1,838.975 Nole8 to the statemenl of eash tlows for the period to 3108cember 2024 A Reconclliation of net income to nel cash Ilows from operating activities Year to 31 Dèeember 2024 Year lo 31 Decernber 2023 Net incomè las per Ihe stateFnenl olfinanaal actNibÈsl 846,480 2,688,317 Adjustm¢nts for.. Depreaalion charge Loss on sale of fLYed asset Gains on investrnenls Investment income aTrJ interesl reGewable Decrease in debtots Inueasè In creditors Gains on disposal of tsngible fixed assets Net cash used in opèrating actlvitie5 38.684 25,854 767,657 12,858.6961 1341,3981 1463,9071 479,065 116S,8071 136,057 13.1681 179,1821 1.952,399 1841.7891 41.654 Sisters of Charity of Sl Jeanne Anlide CIO I g

Statement of cash flows Year lo 31 tlecember 2024 B Analysis of cash and cash equivalents Year to 31 December 2024 Year to 31 December 2023 Cash at bank and in hand Cash held by investment managers Total cash and Cash equivalents 460,393 1,252.311 1,712,704 1,446,737 392,238 1.828,975 C Reconclllation of net {d•bt) funds At1 January 2024 At31 December 2024 Cash flows Cash arml cash equivalents 1.838,975 1126,2711 1,712.Y04 Sisters of Charity of St Jeanne Anlide CIO 20

Principal accounting policies 31 December 2024 The principal accounting rJ)Iic4es adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laKI out below. Basis of preparation These accounts have been prepared for Ihe year ended 31 December 2024 with the omparats.ve information in respect to the year ended 31 December 2023. The accounts have been prepared under the historical cost convenb'on with items recognised at cost or transaction value tsnless otherwise slated in the relevant accounting policies below or the notes to these accounts_ The accounts are presented in sterling an a￿ rounded to the nearest pound. The accounts have been p￿pared in accordance with Accounb"ng and Reporting by Charities.. Statement of Recommended PraCt￿e applicable to charits.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 1021. Ihe Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The charity consb'tutes a public beneffit entty as defined by FRS 102. A5sessrnent ofgoing concem The Iruslees have assessed whether the use ofthe going concem assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect lo a period of at leasl one year frotn the date of approval of these accounts. In forming their assessment, the Iruslees have considered the 2fteim21h ol the coronavirus pandemic and the currenl macroeconomic and geopolitical climate on the charity's operations. with a particular focus on Ils effect on the charity's fitTrancial position. Imiilsl they knowledge that there may be challenges ahead the trustees do not consider there to be any material uncertainty in respect to the chaTity's ability to continue as a going concem. The Iruslees of the chartty have conduded that there are no material uncertainties related lo events or condttions that may cast significant doubt on the ability of the charity lo continue as a going concern. The trustees are ol the opinion that the charity will have sufficient resources lo meet ils liabilittes as they fall due. The most significant areas of judgement that affect items In the accounts are detailed below. With regard to the next accounting period. the most significant aieas that may affect the carrying value of the assets held by the charty are the level of investment return and the performance of the investment markets_ Critlcal accounting estlmates and areas of ludgement Preparation of the accounts requires the tru51ees lo make significant judgements and estimates. Sislers of Charity of Sl Jeanne Anlide CIO 21

Principal accounting policles 31 December 2024 Critical accounting estlmates and areas of judgement Iconlinued} The items in the accounts where these judgements and estimates have been made include- the assumptions adopted by the trustees in determining the value required for the sisters, retirement fund, in order to provide for the continuing care of the members., and estimating fulufe income and expenditure for the purpose tsf assessing going concern. Income Income is rec￿nISed in the perTrod in which the charity has enlrtlemenl lo the income. the amount of income can be measured reliabty and it is probable that the income will be received. Income Comprises donations. retreat and guest house conlribulions, bank interest, investment income and other income. Donations. including salaries and pensions of individual relig￿U5 received under Gift Aid or deed of covenant, and contributions received in connection with retreat and guest activities are recognised when the charity has confim)alion of both the amount and selllemenl dale. In the event of donations pledged but not re￿ived, the arTh)unt is accrued for where the receipt is considered probable. In the event that a donation is subject lo conditions that require a level of performance before the charity is enb.tled lo the funds, the income is deferred and not recognised until either those condrtions are fully met, or the fuifilmenl of those conditions is wholly within the control of the charity and il is probable that those conditions will be fulfilled in the reporting period. Legacies are included in the statement of ffinancial actwilies when the charity Is entitled to the legacy. the executors have established that there are sufficient surplus assets in the estate lo pay the legacy.. and any conditions attached lo the legacy are within the control of the charity. Entillement is taken as the earlier of the dale on which either. the charity 55 aware that probate has been granted. the estate has been finalised and nolifi'calion has been made by Ihe executor lo the chanty that a dislribulion will be made, or when a distribution is received from the estate Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliabty and the charity has been nolifieii of the execulorfs intention lo make a distribution. Vvhere legacies have been notified to the Charity, or the charity is awaTe of the granting of probale, bul the criteria for income recognity"Dn have not been met. then the legacy is Irealed as a eonlingenl asset and disclosed if material. In the event that the gift is in the form ol an asset other Ihan cash or a financial asset traded on a ￿COgNISed stock exchange, recognition is subje¢l lo the value of the gift being reliably measurable wilh a degree of reasonable accuracy and the tille of the assel having being transferred lo the charity Sisleis of ChaTily of Sl Jeanne Anlide CIO 22

Principal accounting policies 31 December 2024 Incomo Iconlinuedl Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity- this is normally upon notification of the interest paid or payable by the bank. Investment income from investments listed on a recognised stock exchange is re¢ognised when the charity becomes enlilled to the dividencl or interest. Exponditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligakn'on committing the charity to make a payment lo a third party, it is probable that a transfer of economic benèfits will be required in settlement and the amount of the obligation can be measured reliably. Liabilities aTe recognised as expenditure as soon as there is a legal or constructive obligation commilling the charity to make a payment lo a third paty. il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation n be measured reliably. All expenditure is accounted for on an accruals basis and inclusNe of irrecoverable VAT. Expendilure comprises (Jirecl costs and support costs. All exFnses. including support costs, are allocated or apportioned to the applicable expenditure headings. The classification between expenditure headings is as follows.. • Expendf(ure on raising fijnds principally comprises the fees paid to investment managers. • Expendrture on charitable activities indudes all costs associated with furthering the charitable purposes of the Charity through the provision of its charitsble acb"vilies. Such expenditure includes costs in restct lo the support of metnbers of the Congregation and enabling their ministry and support costs including the operation of the retreat and guest house in Rottingdean. It also includes any amounts payable as a gtanl or donation lo third parties. Support and govem8nce costs Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity il is necessary to provide support in the foim of personnel development, financial procedures. provision of off￿e services 8nd equipment and a suitable working environment. GoveTnanTr costs cornprise the costs Involving the public accounlabilily ol the charity (including audit costs) and costs in iespect to its compliance with regulation and go(Kl practice Sisleis ol Charity of Si Jeanne Anlide CIO 23

Principal accounting policies 31 December 2024 Expenditure (continued) Support andgovem8n¢e costs (continued) All expenditure on support and govemance is attributed directw lo the charitable aclivib.es of PTovision of education and 5UPPOrting members of the CongregalK)n and enabling their minislry and hence there has been no apportionnEnt between headings. Tanglble fixed assets All assets costing n￿re than £500 and with an expected usefvl life exceeding one year are capitslised al cost and depreciated annualty as set oul below in order write off each vehicle over ils estimated usefijl life. Land and buildings Non-specialised buildings comprising properties designed as, and used wholty or mainly for. prtvate residential accommodation are not depreciated. Their value and ¢ondilion are reviewed annually by the Iruslees, who are satssfied that Iheii residual value is not malerialty less than their book value. Any depreciation Ihereon, therefore, would be immaterial. Specialise<l buildings comprising Ihe charity's large residential convent and guest house which have been adapted for specific purposes are depre¢ialed over a 50 year period on a straight line basis. Freehold land is not depreciated. • Fixtures. fillings and equipmenl ExpendÉture on the purchase and replatsmenl of equipment is capilalised and depreciated over a peri￿ of four lo 10 years on a slraighl line basis. + Motor vehicles Motor vehicles are capilalised and deprectaled over a four year period on a straight- line basis. Assets under construction are not depreciated until they become available for their intended use. Financial investments Listed Investments are a form of basic financial instrLJrnenl and are inili8lly recognised al theii transaction value and subsequently measured al their fair value as at the balance sheet date using the closing quoted market pri The investments in BBVA Global Markets Ivia Safra Sarasinl are Tranched Index Credil Linked Notes. which are slruclured products involving derivatives. They are initially recognised al their transaction value and are subsequentty measured at their lair values at the balance sheel clale using the closing quoted market price. The performance of the investments is linked to the Ti raxx-Europe index. Sisters of Charity of St Jeanne Antide CIO 24

Principal accounting policies 31 December 2024 Financlal Investmgnts Iconlinued} Realised gains lor losses) on investment assets are calculated as Ihe difference betsveen disposal proceeds and their opening carrying value or their purchase value is acquired subsequent lo the first day of the financial year. Unrealised gains and losses are ¢al¢ulaled as Ihe difference between the fair value at the year end and their carrying value al that dale. Realised and unrealised investment gains (or losses) are combined in the slalement of financial activitses and are C￿dffted lor debited) in the year in which they arise. Programme related inveslrnents PrOgrarnr￿ rel8led investments comprise assets held by the charity in order to directly further the aims of the charity whilst also potenbally providing a financial return. All such investmenls are carried on Ihe balan￿ sheet al cosl nel ol any imp8irmenl provisions Any gains lor progmmme related k)sses} afising fiom the disposal of such investmenls are credited lor debiledl lo the slatemenl of financial activilies in the year in which they arise. Oebtors Debltsrs are recognised at Iheirselllemenl amounl. less any provision for non-recoverability. Prepayments are valued al the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material. Cash at bank and in hand Cash at bank and in hand represents such accounts and instruments that are available on demand or have a malurrty of less than Ihree months from the dale of acquisition. Deposits for more than three tYK)nths but less Ihan one year have been disclosed as short term deposits. Cash placed on deposit for mote than one year is disclosed as a fixed asset investment. Creditors Creditors and provisions ale recognised when there is an obligation at the balance sheet date as a result of a pasl event. il is probable that a Iransfei of economic benefit will be required in settlement, and the amount of the setllemenl can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates il will pay lo sellle the debt. They have been discounted to the present value of the future cash payment where such discoLJnling Is material. Fund structure General funds represent those monies that are freely available for application towards acbieving any charitable purpose that lalls within Ihe charity's charitable objects. The tangible fixed assels fund represents the net b(x)k value of the charity's tangible fixed assets. The programme related investment fund represents the carrying value of Ihe charity's progiamme related investment. Sisters of Charity of Sl Jeanne Anlide CIO 25

Principal accounling policies 31 De￿mber 2024 Fund structure (continued} Designated funds comprise monies set aside out of unrestricted general lunds for specific future purposes or projects. Restn'cled funds comprise monies raised for. or their use reslricled lo, a specific purpose, or contributions subject lo donor imposed conditions. Pension costs Contributions In respect to the charity's defined contribution pension schemes are charged lo the staternenl of financial activities when they are payable lo the schemes. Leased assets Renta15 applicable lo operating leases Whe￿ subslantialty all of the benefits and risks of ownership remain with the lessor are charged on a S1ra￿Jht-l1ne basis over Ihe lease term. Assets held under finance leases and hire purchase conlracts are capilalised and depreciated over their useful economic lives lor the term of lease if shorter). The corresponding lease or hire purchase obligation is Irealed In the balance sheet as a liability. The interest element of rental obligalions is chafged to the slalemenl of financial activities ovei the peri(xJ ol the lease at a constant proportion of the outstanding balance of capital repayments. Services provided by membgrs of the Congregation For the purwses of these accounts. no value has been placed on administrative and other services provided by members of the Congregation. Sisters of Charity of Sl Jeanne Anlide CIO 26

Notes to the accounts 31 Decembei2024 1 In¢ome from: Donations and legacies 2024 Un- 2024 rè8trict•d Restricted 2024 2023 fund$ funds Totsl funds Total funds Donations ￿￿1ved Pension income of indrwidual religious gifted to th8 charity Olher gifts 140 2,217,530 2.217,670 148,379 76,938 860 77.938 76,938 860 2,295,468 70,995 40 219,414 2.217,S30 2 Income Irom: Investments and interest receivable Unrestrioted Funds 2024 2023 Interest re￿1vable In¢ome from finanual investments 185 341,213 341,398 599 463,308 463,907 3 Expenditure on: Ralsing funds Unrestricted Funds 2024 2023 Investment managèrfs fees 16,596 9.761 4 Expenditure on: Support of membevs of the Congregation and their ministry Unrestricled Funds 2024 2023 Staff costs Inote 8) Prémises costs Depreciation Education Ir8ining and wyrilual renewal Care and medical costs Other welfare costs Supwrt costs Governance costs (notè 6} Other 326.292 226,251 38.684 5,558 85.390 124,978 130,957 21.780 296.909 173.344 41,654 2.792 65,973 115,241 181,619 23.158 S,469 90S,159 959.890 Sisters of Charily of St Jeanne Antide CIO 27

Notes to the accounts 31 December 2024 5 Expenditure on: Misslorb$, grants and donations Unrestricted Funds 2024 2023 Donations to institutlo Donati￿5 lo institutions 1r￿1vtdua1IY of mrg than £1,(XX) Grace and Compassion Benedictine Sislers- Monlana ca￿ Home E81ing Abbey Oiher donations lo instiiutions individually of £1.000 or less 2.400 4.050 4,05S 10,805 2,400 1.200 3,696 7,296 Oonations to individuals lapproximatety 20 indNiduals I families) Donations for the eduixlion of priests Donations towards rnasses and missions Other donalions to ind￿￿lu81$ foi welfare support $80 1,475 7.829 9,884 3,365 2,038 4,552 9,955 20,389 17,251 6 Governance costs 2024 2023 Audilorfs reffluneralion Olher 21,780 21,780 1,378 23.158 21,780 7 Net income and net movement In funds This Is ststed after charging". 2024 2023 Staff costs Inole 81 Audilorfs rernuneration induding VAT . Statutory audit sèrvices Current year . Olher seNices DepreCiat￿n Inole 7 1) Loss on disP05al of frxed asset 319.023 296,909 21,780 21,780 7,146 41,654 38,684 25.854 8 Staff costs and remuneration of key management personnel 2024 2023 Staff costs during Ihe period were as follows: Wages arKI salaiEs Staff pension costs 288,498 22,833 7.694 319.023 268 278 21.223 7,408 2￿,909 Staff costs per funclK)n weie as follows.. . Support ofmembeis of the Congregation 319,023 2￿,909 Sisters of Charity of Sl Jeanne Anlide CIO 28

Notes to the accounts 31 December 2024 8 Staff cost$ and remuneration of key management personnel Iconts'nued) Higherpald $tsff The number of employees whose emoluments fell within the following bands was.. 2024 Number 2023 Number £60,001- £70,000 Remuneratlon of key managementpersonnel The trustees Consider that they alone comprise the key management ofthe charity In charge of directing and controlling the charity and making all key decisions. All of the trustees are rnembers of the religious congregation and whilst their living and personal costs are bome by the charity. they receive no remunerats"on. The average full-lime equivalent IFTEI and the aveiage numbers of emph)yees during the penod. analysed by function, were as follows_" 2024 averagè number 2023 average number 2024 FTE 2023 FTE Support of members of the Ccry￿gatl0n 9 Trustees, expenses and remuneration and transactions with trustees The charity's Irustees are all members ol the Congregation. The living and personal expenses of those living in England. all of which are consislenl with the amounts paid in respect lo other members ofthe Congregation. are borne by the charity. No Iruslee received any remuneration or reimbursement of expenses in connection with their duties as trustees 12023- none). As members of the Congregation. none of the trustees have resources of their own as all earnings. pensions and other income have been donated to the charity under a Gift Aid compliant Deed of Covenant. See note 20 for further details. 10 Taxation The Sisters of Charity of Sl Jeanne Antide CIO is a registered charity and, therefore. is not liable lo income or corporation tax on income deri¥ed from Ils charitable aclivilies, as il falls within the varKJUS exemptions available lo registered charits"es. Sisleis ol Charity of Sl Jeanne Anlide CIO 29

Notes to the accounts 31 December 2024 11 Tangible fixed assets Non- speoalised land and bu&dingS spe￿altsed FarKI Assei Vr￿er byL4iryJs coristnJctK)n Fixtures. fthngs and equipmenl Motor yeh￿eS Totsl C05t Al 1 January 2024 Additions Disposals At 31 Oecembei 2024 694.732 1.289,589 326.317 18,945 143.0901 302.172 55.631 2,366,469 2,420,067 143,0901 4,Y43.446 2.401.122 6￿.732 2.401.122 1.289.589 55,831 L*ireclatio At l January 2024 Charge for the year Dwosa At 31 De¢￿ber 2024 72.378 13.798 193.805 24.886 117,2361 201,455 55.830 322.013 38,684 117.236 343,461 86.176 55.830 Net book value5 At 31 Decembw 2024 At 31 December 2023 608.556 622,354 2,401.122 1.289.589 1.289.589 100.717 132,511 4.399,985 2,044,455 The asset under conslruction relates lo a 5ignrficanl iefurbishment project at Ihe Rolbngdean convent which aims lo provide a more modern retreat house and living accommodation lor the sisters. The works were ongoing at 31 De￿rnber 2025 and therefore carried on the balance sheet as an asset under conslruclion. Capital commitments for the cost of works lo which the charity is contractually <x)mmilled. bul yel lo be delivere by contractors as at 31 December 2024 tolalled £656,36012023. £1,976,8[￿l Of these commitments, £528,727 relale lo the afOre￿EntiOned refurbishment project. 12 Programme related inv8Stmgnt At 1 January 2024 and at 31 Oecember 2024 227,525 The programme related inveslmenl wholly relates to the charity's ownership of a flat within the London Borough of Hackney. used by the charity to accOm￿￿)date carers supporting the members of the Congregation_ Given that ihis facility has been made available In direct support and furlherance of one of the charity's pnncipal objectives. the care of the membefs of the Congregation. the asset has been classified as a programme related investment within these accounts and carried at historic nel book value. Sisters of Charity of Sl Jeanne Anlide CIO 30

Notes to the accounts 31 December 2024 13 Financial investments Listed investments At 1 January 2024 Net losses on thè rèvaluation or invesiments 11.783,267 1685,3341 11,015,612 Al 31 Decemb￿ 2024 Cash held by Investment managers for re4nvestment Total 1.252.310 12,287,923 Cost of listed investments 11,299,894 At 31 December 2024, listed investments comprised the following holdings.. 2.5% Credil Induslrid et Commeriial SA Baskèt of Equ"rtieg Reverse Sarasin Endowment Fund Class A Inc Sarasin IE Dwtsisified Endovrtnenls Fund Class J In¢ 5,321,540 3,704,245 1,989,827 11.015.612 14 Dgbtors 2024 2023 Prepayments Accrued invèslment income Other debtors 11,217 10,962 310.864 175,037 496,863 6.5BO 17,797 15 Creditors - amounts falllng due wlthln one year 2024 2023 Taxalion and social ￿rity Accruals Other credilors 5,132 235,051 8,375 248,558 5.132 96,411 10,957 112,500 Sisters of Charity ol Sl Jeanne Anlide CIO 31

Notes to the accounts 31 December 2024 16 Restrtcted funds Al 1 January 2024 At31 De￿mber 2024 Income Expendlure Transfers RotlirvJdean relurbthment 2.217.530 12,124,483) 93.047 The Rottingdean Refurbishment fund relates lo donations received to help finance the Signifi￿nt capital project being undertaken at the charity's convent and guest house at Rollingdean. As the majoi part of the fefurbishment has been capilalised on the balance sheet and the asset will be available for the chanty's general unrestricted use. a transfer is made from restricted funds to unrestricted funds On￿ the nv)nies have been expended in line with the initial restriction. 17 Tangible lixed assets fund 2024 2023 At 1 January 2Q24 Movemgni during the year Al 31 Decetnber 2024 2,044,455 3,276,943 2.355,530 {1,232,4881 4.399.985 2,044,455 The tangible fixed assets fund represents the net book value of the charity's tangible fixed assets. The fund has been recognised in recognition of the fact that the assets which il represents are required for the daY-t￿daY wor1( ofthe charty and therefore not available for other purposes or as a general reserve. 18 Programmg related investment fund 2024 2C)23 At 1 January 2024 Movomefti during the year At 31 Decetnber 2024 227,525 227,525 227,525 227.525 The programme related investment fund represents the carrying value ol the charity's programme related investments. The fund has been recognised in recognition ol the fact that the asset which it represents is held for the longer term and in support of the charity's objects, ancl as such, not available for other purposes or as a general reserve. Sisters of Charity ol Sl Jeanne Anlide CIO 32

Notes to the accounts 31 Oecember 2024 19 Designated funds The unreslricled fisnds of the charity included the following funds whKh were designated for spe¢ifi¢ purposes. At1 January New 2024 d85ignatK)n5 At30 December Utilisedl relpa5ed 2024 Retirement reserve Overseas DeVeknprr￿I Fund 3.720,0Tr) 2,280,000 2.087,588 4,367,586 6,000,000 2,087,$88 8,087,588 3.720,000 All Jarjuwy AIJO Decembpr Uiilise 188Sgd 2023 d85iW8Iws 2023 Retirem8nl reserve 3,2￿.[k?0 520.0(KI 3.120,000 Retlrement r8servg The retirement reserve has been calcula￿￿ using actU8rial principles and consisted of monies Set aside by the Iruslees to assist in provKJing for the sisleis in their retirement. Ovgrseas Development Fund This lund holds investments sel aside for projects proposed by the global congregation. 20 Analysis of net assets between funds Tanglbk Prograrnme fixed related assets Snvestsneni Reslrictsd Designated fund fund funds fund8 General flhnd Total funds Fund balances at 31 Decemb8r 2024 are represented by= Tangible r￿ed 2ssei$ Programme related invesimènis lrtve$trnents Currenl asseis Creditors". arnounts falling due thin one year 4.399.985 4,399.985 227,525 12.207.923 478.190 227.525 4,180.335 385.143 8.087.588 93.047 1248,5581 4.316.920 1248.5581 17.125.065 4.399.985 227,62S 93.047 8,087.588 Sisters of Charity ol St Jeanne Anlide CIO 33

Motes to the accounts 31 De￿mber 2024 20 Analy$ls of net assets b¢tw¢en funds Icontinued) Tangitye p￿￿￿mMa rÈlèted assels Vestme￿ Design31ed luntl funds Geneol fund Tofal ftjnds Furtd balan¢e$ 8131 Dec8mbeY 2023 a￿ rÉp￿Sente(l ty." T&wblg fixed essels Pn)g$W￿m0 re18t6dM7vesbn8nts It)veslrnenls Curr8nl ￿￿&t$ c￿dItOrs. amounts f8thJ du kwÈhin one y88r 2.044.455 2.044.455 221.525 12. 175.505 1.943,600 227.525 a.4￿505 7,943.60Q 3.720,000 1112.500) 16,278.585 10.286.605 2.044.455 227,525 3.T20.000 21 Related party transaetlons Income from donations includes the pension5 of the Iruslees of the charity received under Gift Aid or deed of covenant For the year ended 31 December 2024, £28.006 of pensions income donated by the trustees was ieceNable by the charty12023- £26,821). Other IfansactDns with the chaiity Iruslees are disclosed within note 9 to the accounts. There were no other relaled party transactions during the year ended 30 December 2024 {2023 - none) 22 Members, liabilty As set out in the CIO"'s goveming document, in the event of the CIO being wound up. the members of the CIO will have no liability to contribute to ils assets and no peisonal responsibility for sellling ils debts and liabilities. Sisters of Charity of Sl Jeanne Anlide CIO 34