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 00393 401913 641 Ernail accounts@jeanneanlide.org 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