2024-12-31-accounts

Society of the Holy Child Jesus CIO Annual Report and Accounts 31 December 2024 Charlty Rrflstratyon Number 11TT555

Contents Reports Reforenco and admlnlstrative details of the charity, its trustees and advlsers Trustees, report Independent auditorfs report 28 Accounts Siatement of financial a¢tivities 33 Balance sheet 34 Statem&nl of cash fiows 35 Prlnclpal accounting policies 36 Notes to the accounts 42 soG￿ty of the Holy Chlld Jesus CIO

Reference and administrative details of the charity, its trustees and advisers Trustees Sister Angela O'connor (Chairperson) Sister Jenny Bullen Sister Helen Cosligane Sister Eileen Crowley Sister Judith Lancaster Sister Monica Mallhews Sister Carmel Murtagh Sister Celestina Oyidu Okwori Sister Gifly Abane lappoinled 1 January 2025) Sister Anne Stewart The trustees are incorporated under the Charities Act 2011 Province Leader Sister Angela O'connor Provlnclal Bursar Sister Carmel Murtagh Principal office Provincial Offices Apley Grange, 35 Oatlands Drive Harrogale HG2 8JT Webslte address www.shc .or Charity Registration Number 1177555 Auditor Buzzacott Audit LLP 130 Wood Street London EC2V 6DL Investment managers Evelyn Partners 45 Gresh8m Street London EC2V 78G Sarasin & Partners LLP Juxon House 100 Sl Paul's Churchyard London EC4M 8BU Society of the Holy Child Jesus CIO 1

Raference and administrative details of the charity, its trustees and advisers Cazenove Capital 1 London Wdl Hace London EC2Y SAU CCLA Investsnent Management Limited One Angel Lane London EC4R 3AB Bankers Metro Bank plc 4-5 Queen Street OX1 EJ Royal Bank of Scotland 7 CambrKlge Crescent Harrogate HG11PH Sollcltors Stone King LLP Upper Borough Court IUBC) Upper Borough Walls Bath BAI 1RG Wilsons Solicitors LLP 4 Linc(An Inn Field's London WC2A &4A Property Advlsors Gerald Eve Bow Bells House 1 Bread Street London EC4M 9BE Society of the Holy Child Jesus CIO 2

Trustees, reF)Ort Year to 31 December 2024 The trustees present their statutory report and the accounls of the Society of the Holy Child Jesus CIO lthe'charitf) for the year to 31 December 2024. The acc(wJnts have been prepared in acccffdance vthh the accounting pollcios set on page8 36 to 41 of the altached accounts and comply wlh the charty's constilulion, applicable laws and requirements of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accord8nce with the Financia ReFy)rting Standard appli(xble in the United Kin9dorn a￿d Republic of Irdand {FRS 102). Introductlon The SrKiety of the Holy Child Jesus {SHQ} (referred lo as the 'SocieV) 15 an inlemalional Roman Catholic Religious Order of around 300 sisters worldwde, wth a nelwork of associates. 11 was founded in England In 1846 and the Genernlale is now sltuated in Rome, Italy. The Society comprises three provinces, Europe, Africa and the Americas. The accounts accompanwng this report are the accounts of the charity through which the activities and nel assets of the Congregation in England are administered. The charity is a Charitable Incorporated Organisation {CIO) and is govemed by a Constitution daled 14 March 2018 and is registered under Ihe Chartbes Act 2011- Charity Registratlon No. 1177555. Mlsslon The object of the Society of Ihe Hoty Child Jesus CIO is to support the religious and other charitable works carried on by the Swiety and its members. By caring for individual members of the Society throughout their Iwes vAth the Society, the charity aims to enable and supwrt the sisters to live out their faith and to put that faith into practlGe through a wide variety of religK)us and other chariiable work5. When setting objectives and planning the work of Ihe charity for the year, and when encouraging the work of indivittual sister5, the trustees have given careful consideration lo the Charty CommissK)n"s guidance on public benefit. The work or minisknes of the sisters fall into the followng main areas- Worship and prayer Worship and prayor are integTal to the INes of the member5 of the Society. Each sister is given the opportunty for ptivale prayer and continued spiritual ané theological developmonl. Members avail of opporbjnities to cdebrate and pray with thewder community when posslble. Several sisters provide spiritual guidance and are available lo listen to people who need suppori Some give (￿casiOnal retreats and days of ￿fl￿tr.On. Soclety of the Holy Ctrild Jesus CIO 3

Trustees. report Year lo 31 December 2024 Mission {conlinuedl Grant Making The charity accepts applications for grants from other charities and not for profil organisations. An annual grant making budget of £900,000 is approved by the Iruslees. The Iruslees, grant making policy is posted on the charity's grant making website Iwww sh¢ . co.ukl along with the principles the Iruslees apply when approving grants and the procedure for applying for a grant. The Iruslees have delermined that the current priorities for support are Education, Environmental Justice, Social Justice, Anti-Trafficking, Refugees and Asylum Seekers. The grant making policy is reviewed regularly. Caring for members of the Society The majority of sisters are over 85 years of age. While a small number are still active in ministry an increasing number are in need of extra care. Apley Grange, a CQC registered care home in Harrogale, Yorkshire provides this care. Apley Grange also cares for a small number of private residents. Education The European Network of Holy Child schools is supported by the Trustees. The coordinator of the network arranges an annual residential meeting for head teachers and occasional meetings for other members of staff. She also works with the schools lo produce leadership and governance materials lo facililale lay engagement with the Holy Child vision and mission. The trijstees also give some financial SUPF)Ort lo other educational projects. Human development, social and pastoral work Several members of the Society are involved in various forms of human development, facilitation. social and pastoral work in different parts of the country. The sisters aim lo help in particular poor and marginalised people in society regardless of their personal background, faith, gender or individual circumstances. Overseas Work of the Society In addition lo ils broader granl making aclivilies, the charity supports the work of the Society in Nigeria, Ghana, Chad, and Kenya. This is done through support of a Society wide strategic plan. Associates Associates are women and men who make a commitment lo the Society and involve themselves in its spiritual and apostolic work. The Iruslees support the Associates in developing their ministry lo the wider community. Society of the Holy Child Jesus CIO 4

Trustees, roport Year lo 31 December 2024 Actlvities, specific objectlves and relevant policles ActiTVities and specific objectives The charity aims lo care for individual members of the Society throughout their lives and lo enable and support them to live out their faith and pul faith into practice in whatever situation they find themselves in. 11 also aims to make a contribution to Society apart from the Work of sisters. This il does through grant making in the UK and Ireland. Caring for members of the Society There are 46 members in the European province with the average age of sisters being 84. This age profile means that there is a need lo provide expensive healthcare. Twenty-three of the sisters are currently resident in the Society's care home. The Society has an obligation, both moral and legal, lo provide care for its members, none of whom has resources of her own. All Society members have devoted their lives to educational, pastoral or social ministries particularly to those who are most in need. The age profile of the Society in the European Provin￿ is shown graphically below.. 30 25 24 20 io s￿59 69 71￿79 s￿89 9ts99 i(D-ic AG£5 The objectives of the Iruslees over the next few years in respect lo the care of the sisters include.. Providing support and care for all members of the Society, responding to the changing needs of the members of the Society., Society of Ihe Holy Child Jesus CIO 5

Trustees, rèport Year lo 31 DeGomber 2024 Actlvltles. spacific objectlves and rglevant poli¢ies (continued) Canlng for membws of the Soclefy (continued) • Refurt)ishing and expanding Apley Grange lo provlde 2ddltional care faciltties for both sislers and private residents and ensuring that quality care is provlded in a manner that is finanGialty sustainable. Work began In July 2024. completion is expected in the summer of 2026. Residents remain in the home while work is being done. Ensurtng thBir safety and minimising the impact of works on them is a key objective at this time. • Enabling members of the Soaety who do nol yet need care to continue in ministry for as long as possible," and • Reviewlng the properties owned by the charty and delermining their suitability as homes as the slsters age. Whore properlies are deemed unsuitable for Gurrenl [￿ed5, alternattve accommodation w511 be found for the sisters. Enabling and suppO￿.ng members in a variety of rellgjous and charltable works The principal works in wh￿h the sisters engage inclLJde= worship and prayer., education in ils widest sense of encouraging mature reftectlon on the needs of the p￿sent day and worklng th other lo(xl groups and charities to enact this. human devek)pment and splrllual and pastordl WOTk,' and t￿re of th8 sisters. Worship and pr8y8r The charity is commilled to supporbng the faith INes of the sis18r5 and helping them and as many peopl8 as possible lo join with the sisters in prayer arKI refflectlon, with the airn of putting faith into a¢tion. The objective of th& trustees is to support sister5 who arg invofved in a number of activities which indude- • Promoting Gospel values and vision induding the promotion of human dignity, ￿Spect for different ¢ullures and fatth traditions. • Encouraging care aThJ respect frjr all Creation. promoting prayer resources Ihat focus on re of our common home: + Encouraging members in IheSr commitment to the Laudato Sl Action Platfomi, an initiatlvg of the Vatican Dicaslery for promoting Integral Human Devglopmellt, which urges us all to respond to Ihe eix)logical crisis- Engaging in parish minislries. catechesis. visibng the housebound. sick or dying,. + Organising retreats and refl￿tion days which gNe members of tha wider community tho opp)rtunity to have periods of time for quiet ConteM￿allon and refieclion, and the chanc8 to study and consider Ihe G0sF￿. aThJ • Promoting the AsscKiale programme which allows a wider group lo share in the charism of the Society. Society of the Holy Child Jesus CIO

Trusteès, report Year to 31 December 2024 Activities, 8pecinc objectives and relevant pollcles {¢ontinued) Enabllng and supporLTng membws In a variety of rnllglous and charitable wo￿$ (continued) Gr8nt making The charity makes orlwff grants distinct from Ihe more informal donation glving which continues to operate but which typlcally gNes smaller amounts to organisalions well known lo one or more of the sisters. Gratrts support the objects of the charity through enabling and encouraging the work of charitie5 operating in the UK and Ireland. As the age profi19 in the Society has changed and fewer sislers a￿ in activo mlnlsty, the Irusleos have chosen to widen the charivs outreach and public ben8frt by giving gran15 to support social justice. environmental justi(*, anli4rafficking. projects that 5UPPOrt refugees and as￿urn seekers, and educational projects that hdp maximise the Potential of those who have experienced social and e<x)nomic disadvantaga. Donations and other payments In support of minlsty are decTrded by the trustees in consultation wtth other members of the s￿Iety as appropriate. Caring for rgtired sisters The Society owns and runs Apley Grange, a registered care home for older and infirm sisters and privale residents who are not members of the Society. Care is provided re8pecling the dignity, prNacy, rights and quality of life of all residents. Respite care is offered lo both sisters and private re5idenls on a temporary basis. Apley Grange is a place where old9r sisters are able lo support the religious and charital￿e works of the charty. Prayer is at the centre of the lrfe of the community. Private residents, staff and guests are welcom8 to join the ttommunity for worship. Apley Grange had a capacity of 42 residents bul during the refurbishment this has been redL￿d to 33. When the refurbishment is complete il will be able to accommodate 58 residents. In operating the home. the Irustaes aim to: • Provide residents wlh excellent care which wll enable them lo live lrfe as fully as possibl8 to the end.. • Employ qualffied staff to care for the residents.. ensure that staff recelve appropriats ongoing training and updating-. • Ensure that th8 home continues lo meetlhe requirementsof the Care Quality Commission ICQC) and that any recommendations arising from the inspections are acleé upon quickly and eff8¢tively,- and • En$ure that the home remalns an integral part of the communty of the Society and of the local ￿der community in Harrogale., Society of the Holy Child Jesus CIO 7

Trustèes, roport Year to 31 December 2024 A¢tlvltl8s. specific objectives and relevant poli¢ie$ {CA)ntinued> Enabllng and supporbng members In a variety of rellglous and charftablo works (Gontsnued) Caring for retwed sislers (contsnued) Maintain the finanryal security of the horne through careful budgeting, controlling, and monitor1r￿ expenses. Sec￿ring all possible source5 of slatLrtory income, and continuing to welcome fee-paying residents. The Society Is currenuy refurbishing and expanding tha home over the coming years lo it￿reaSe capacty and benefit from economies of scale. Educ8tion The charity enables and supports the educational activities of its m8mber8. + Two sisters leach al lertiary level (Biblical Studies. Canon Law, Ghri$tlan Ethics, and Pastoral Theology).. • One sister counsels sludents at primary level- One sister is involved In adult educ*K)n through the University of the Third Ag8 IU3A)' • Sisters support a nelwork of schools founde(I by the S¢xiety by means of two annual meetings, one of headtea¢hers and ￿VernOr$ and a seci)nd of other staff memb&rs. Human and splritual d8velopment arrdpastoral wc¥k The chartty aims to enable and support sisters in ministries which fulfil the Society's mission to help people to grow slrong in fatth and lead ful￿ human lives. Sisters who are retired continue lo sup¥x)rt P8rishioners and be involved in local charlties. SUpk>￿ of the Society worldwide The charity Provides financial support to the ministries of the Society across the worfd through contributions lo U)e Generalate in Rome. In parbcular, the charity ¢onlribules financially to rapidly developirvJ educational ministries in Chad. Ghana aThJ Ni￿ria in the African Provin( of the So&ety. The truste8s' objectives are to support ministries recommended lo them by the Society Leadership Team after conshleralion by the Intemational Finanoe Committee on which there are two members of the European province. Associate programme The asgociale programme offers thosewho are not members of the Society, men and women, the opportunity to share in Ihe charism and mission of the Society through regular meetings for prayer arKJ reflection many ofwhich are now on Zoom. Society of the Holy Child Jesus CIO 8

Trustees, report Year to 31 December 2024 Activitles, speclflc objectlves and relevant pollclos (contlnued) Enabllng and supportlng membets in a variety of rellglous and charltable works (contlnued) Associate programme (wntinued) The objectwes of the trustees are to.. • Include th8 8ssodales in the life of the S<￿Iety,. and • Enable sisters to suptx)rt associates, meeting5 for prayer and reflection. Volunteers Members of th8 Society give theirtime lo assist people who are poor, vulnerable, marginalised or in need of hdp in a number of drfferenl ways, induding asylum seekers, refLrgees, people who are housel￿und, people wth dementia. hospital patients, and people who are homeless. This voluntary work contribules to the overall achh8vement of the charit￿$ objertlV85. It is very dtfficull lo provide any sort of quantiialive analysis. The nature of the volunteering is changing as the average age of sisters in￿easeS but the sisters are committed to doing what they can in the circumstances of their INes. In addition, members are involved in administering the workof the Soci6ty and charity. Without their contribution the chartty would not be able to function as effectively or fully as il does. Because of the diversity of work, ti is diffi￿lm lo quantify this contribution in monetary terms. However, a conseTvative 8stimat@ of expenses saved Ès around £200,000. Investmontpolicy andperforniance The charity's investments during the period were managed by Evelyn Partners, Sarasin and Partners LLP and Cazenove Capit￿. There are no restrictions on the charity's powerto invest. The investment strategy is set by the trustees and takes into ac￿Unt income requlfemenls, the risk profile and the investment mana9ers' views of the market prospects in the medium term. The Iruslees hold the S￿Iety's resources for mission and thelr m8na9ement and use of them are expressions of the ch￿tty'S objects and the Sociells Miss￿n. Trustees Msh the investsments to be ￿Igned with the tharity's guiding principles of the enhancement of human dignity and the care for our common home and the values that flow from Ihts.. jusli¢e, peace and compassion. The Investrnent w)licy is to m￿mise total rettjm fhrough a dNersrfied portfolio whilst providing a level of income advised by the trustees from time lo time. There is also an ethical pollcy preduding investment in any company Wh￿h, after reasonable enquiry, clearly has signrficanl profits from an activity whl¢h is contrary lo the objectives of the Roman Catholic Church. The trustees expect the investmenl managers lo apply Environmental. Social and Gov&rnance IESG) ciiteria when selecting investrnents. s￿Iety oflhe Holy Child Jesus CIO 9

Trustees, report Year to 31 December 2024 Actlvltles, 8pocific objectlves and relevant pollclgs (conlinuedl Investmentpollcy andperfonnance I￿ntinued> The performance of the portfotio and the chadty's Invastsmenl strategy are reviewed by an investment committee which meets wlh the investrnent managers every six months and rewrts back to the trustees. The investmetnt managers continued to invest in accordance with the trustees. investment policy and comply bwth the ethi¢al guidelines glven lo them. Dudng the period, the Gharivs investments achieved an incA)me yidd of 2.7%12023- 2%}. Atthe end of the peri(#J the charitls portfol￿ of Ilste¢J Investments comprised 30Yo UK equities {2023- 36'h), 64'h overseas St￿kS {2023- 63%) and cash12023_ 1 OA). Fundraising policy The charity manages its own fvndraising activibes and does not employ the seFvices of a Professtonal Fundraiser. Any complaints about the qu211ty of our fundraising activrtles are thoroLsghly Invest￿ated so that we find ways to improve our service. Durlng the y8ar ended 31 December 2024. the charity rerEived rm) complaints about its fundralsing activities. Some of I￿r fundlng comes from voluntary donations. The tNslees are vigilant in applying the donations ac¢ordlng to the wish85 of Ihe donors. The charity apFlies best practice lo protect donors, data and never sells data.. it never swaps data with other organisations and ensures that cx)mmunical¢on preferen￿ Can be changed at any time. Achlevements and porformance During the year the Society continued to gNe grants in the UK and 1relaT￿ and to SUPPM)rt the development of minlsty in the wider kniety. Refurbishment of Apley Grange started in July 2024 and wll continue into 2026. The Education Network continued to support the seven very diverse schools all of which werefounded by the Society but are no longer run by it. The focus in the past year was on the development of a handbook for Governors, staff and students lo support them In their INing out the Socievs educalional philosophy and their founding herita￿. Sisters continued to supwrt peO￿e in need as best they (x)uld, they also engag8d in and provided prayer opportunities. Grants, donatlons and support of mlnlstyln the Society in Africa Grants are given to registered charib'es and other charitable organisalions operating in England, Ireland and Wales. The priorities for grant supp(Kt L¥)ntlnue to be: EduGatlon In the widest sense- particulaty educational projects that help maximise the potential of those who have experienced social and econom1¢ dlsadvantage. Environmental Just1[￿- prolects that SUPFKJrt the care of the earth and ec¢>iu81ic8. Society of the Hoty Child Jesus CIO 10

Trustees, report Year lo 31 December 2024 Achievements and performance (conlinuedl Grants, donations and support of ministry in the Society in Africa (continued) Social Justice projects that tackle poverty, the causes of poverty and economic inequality, particularly homelessness. + Anli-Irafficking- projects that aim lo help those who are victims of human trafficking and are escaping exploilalion, projects addressing modern slavery,. and Refugees and asylum seekers refugees. projects supporting migrants. asylum seekers and During the year the Society gave 68 grants lolalling £920,491 to charities working within our grant priority areas. £40,000 was given lo support anli-trafficking, £228,130 for the support of refugees, £303,861 towards social justice. £90,000 towards environmental justice and £258,500 towards education. IA table listing all of the grants can be found in note 6), Below we have highlighted just a few of the charities supported in 2024. Alt The Adult Llteracy Trust IALT) was sel up lo ensure that individuals who wish lo improve their literacy skills receive the help they need lo become successful readers and lo increase their life chances. It does so through one-lo-one support, and as a complement lo teaching in formal education sellings. Grant.. £10,000 towards core costs which allowed them lo scale up their volunleer-led model. Impact The grant enabled ALT lo recruit 80 volunteers and work with 120 adult learners. The key outcomes for the learners included.. Improved reading confidence and skills Enhanced skills lo strengthen employability and job retention Improvements in wellbeing and beller health outcomes Greater engagernenl community activities and support for their children's education Society of the Holy Child Jesus CIO 11

Trustees, report Year to 31 De￿mber 2024 Achievements and performance I￿ntinued) Grants, donations and support of minlstry in the Society in Africa Case Study One of our learners, Peter. has recently achieved one of hi5 main goals= lo secure a new job. He used to be a professional bricklayer bul due lo injury Peter can no longer engage in heavy physical labour. He's been facing the already daunting challenge of navigating the job market, made significantly more difficult by his struggles with reading. Recognising Peter's strong focus on securing employment, our volunteer Lydia suggested using sample job postings and the necessary paperwork for job applications, during their reading sessions over 6 months This has given Peter the confidence needed to apply for jobs through his local Jobcentre Plus and he has secured his first employment contract, in highnd retail security. Petcr "Ly&i altvjvs reqLFJI-ed Jjie to rtsA-e Ih¢. le2d irl oIir.L'.*wioJJs. Wliile Jr Ihe bLb'JJJiuipg, I HdF22ir I k()ttJid rJii.%.51)rr 0ftrrusfi￿7ting, / thiijk- its ivhatgot to deFrlop rhe nJJiFI.¥.%k￿5 IirFd rjic L-otthdeiice l iieL.dt'd to ljiid a job I'ni triily c.IcJrL4 Jboiii." Climatg Ed leaches Year 5 and 6 children about climate change and inspires them lo lake action. The programme enables and encourages children to think critically about social and environmenkl issues, lo debate and make reasoned arguments. It addresses key areas of carbon emissions reduction including transport, food and general consumption. The children learn practical skills and are helped lo find solutions th31 they can take home lo tackle climate change. CUMATE Grant.. £20,000 towards expansion lo Birmingham. Impact The grant helped Climate Ed deliver the programme to 60 cohorts of children, 28 students In each cohort, a total of 1,620 students. A key objective of the project is for children to also engage their families so the grant impacted directly and indirectly on an eslimaled 6,480 individuals in Birmingham. Evaluation data shows that the programme has a positive impact on participants, knowledge levels, hopefulness and empowerment lo act on climate change. 819ly of students gave the Programme 4 or 5 lout of 51 for improving their knowledge of climate change. 949/v said it helped them to understand about carbon footprints. 71,/0 gave it 4 or 5 for making them feel hopeful we can fix climate change. 610/0 said they were likely or very likely to help their family reduce their emissions. Society of the Holy Child Jesus CIO 12

Trustees. report Year lo 31 December 2024 Achievements and performance Iconlinued} Grants, donations and support of mlnisty in the Soclety ITn Africa (Gontinuedj Case Study "l am th& Partnership Man8ger for two school cluslers in London borough of Lambeth - Windmill Cluster (10 schools) and Brixton Learning Collaborative (15 SGhools). Our schools work collaboratively to support pupils from disadvantaged communities with opportunities to expand educational experiences. We first began working wilh Climate Ed four years ago end during that time the programme h8s run successfully in many of our schools. 11 has given pupils the opportunity to inGrease their knowledge and understanding around clinFate change and empowered them to take action in their own lives. The programn7e is well organised and has enhanced L8mbeth schools, offer lo pupils. Il's been well received by teachers, giving children the chence to learn from volunteer facilitators from different career backgrounds, bringing a unique and additional value to th8 classroom experience. We have also commissioned Climate Ed to facilitate a spcond2ry schools climate change conferenc& event that was very successful. Climate Ed has developed a modelof delivery that is highly effective andcould easily be transferred to olhers&ttings. Their work locally was reGognised al a recent Lambelh Civic Award Geremony with an eward for clinFate justice. l am happy to recommend Climate Ed unresehvedly to you." Rachel Thomas Hope Nottingham aims lo advance the Christian f81th and relieve sickness, poverty and distress. In partnership with the Trussell Trust, local churches and a library, they operate 14 foodbanks across the city, supported by an army of dedicated volunteers. As well as providing emergency food parcels other activities include prayer, faith aclivilies, free drop-in cafes, low cost food-clubs, friendship groups. community meals, allolmenl, ESOL and job clubs as well as a toddler group and Renew Wellbeing Youth Café. Inspiring & Growing Commiinilies of Hope Folldbonk Grant.. £15,000 towards food projects. Impact The grant helped Hope Nollingham provide around 10,000 emergency food parcels across Nottingham working with over 400 referring organisalions. Community cafes served around 6.000 free breakfasts and 3,000 ILJnches and around 341 low cost food boxes through Food Clubs that serve 60-65 households a week. 4è Society of the Holy Child Jesus CIO 13

Trustees, report Year to 31 December 2024 Achievem9nts and perfomance Iconlinued} Grants, donations and 5UPPOrt of mlnistry in the Society In Africa (continued) Casg Study 'H initially received emerg&ncy f(iod p8rGel support fron7 Hope Nollingham during the Covid pandemiG and then during th8 subsequ&nt cost of living Grisis. In the last couple of y&ars, H has become a regular member ofour drop in cafe and Fr￿ndship Club, where as a member of th& local Gommunily, she has h8lp&d many other guests feel welcome, including other members of her family who she has encouraged to come along for support and friendship. H also began to use the Hope Hous& Food Club most weeks to help with the cost of living. She now volunteers wilh the Food Club, helping with the food delivery and sorting the food into boxes ready for club members. H has also been an enthusiastic supporter of our monthly Gommtjnily meals, both allending the events, volunteering with the cooking and inviting others to attend." Mums In Noed (MINI is a support seNice for molheTS suffering ongoing coercive control after separation from an abusive partner. They provide a range of support lo help mums navigate legal and family court systems, as well as group activities and wellbeing support for murns and their children. MIN support around 75 mothers each year and have successfully worked with them lo devise a model for improving support for victims and educating people on coercive control. Grant.. £15,000 towards coercive control training. ums In Need, Impact The grant supported MIN in providing coercive Control training lo other organisations for 12 monlhs. They reached 25-30 parlicipanls at each workshop, a lolal of around 100-200 individuals. Case Study 'Mums In Need provided me with a safe space to talk freely with people who understand the problems I was facing. They listened without judgement and gave the support I needed when ljust didn I know how lo cope. They have helped me to focus on healing so that I can thrive again and be the best mum l Gan be for my children. MIN has hglped m& reclaim my body and manage my finances, tackling the devastation left by coercive Gontrol. MIN has & big impact in tjelping women like me and their children rebuild safer and thriving lives. - Asha Society of the Holy Child Jesus CIO 14

Trustees, report Year lo 31 December 2024 Achlevements and performance Icontinuedl Grants, donatlons and support of ministry in the Soclety in Africa fconlinued) sixtyone Sixty One helps prisoners and ex-prisoners live meaningful crime-free lives by inspiring, enabling and supporting the church and local community lo provide relational and practical support through a range of activities including mentoring programmes, grft projects, educational courses and other partnerships. Grant.. £15,000 toward core costs. Impact The grant helped Sixly-one support over 150 ex-prisoners and 1,800 serving prisoner5. The charity gave 1,400+ male prisoners a Christmas gift bag, and 400+ female prisoners an Easter gift bag laddilional gfft bags for around 30 prisons staff, and children visiting family members) Four Hubs provided over 150 mid-week contacts for 67 ex-prisoners MBA Empowerment Course delivered in 30 prisons. Sixly-one Partnered with over 30 other organisalions and charities and 230+ individuals lo create a network of connections for the benefit of those supported, in areas such as housing, employment, mental he81th, and addiction. Case Study "When Vincent was intro(luced lo his mentor they quickly built a strong rapport meeting on a weekly basis to talk about the goals he wanted to work towards. He had no qualifications bul Wanted to get his Maths and English GCSE. His n7enlor helped him to access basic courses in both, so that he could gain levels 1, 2, and 3, which then enabled him to enrol onlo the GCSE course. With hard work, support, and motivation from his mentor, Vincent SUCGessfully passed his maths GCSE aged 50. He has recently trained lo become a Menlorme m8nlor, and will now be abl8 to provide support to someone &lse in th8 position he was once in." Society of the Holy Child Jesus CIO 15

Trustees, report Year lo 31 De￿rnber 2024 Achievements and performance Iconlinuedl Grants. donatlons and support of minlstry In the Society in Africa (continu&dJ The Snowdrop Project, working in Sheffield and South Yorkshire, provides practical and emotional support to people who have been trafficked and found themselves victims of modern slavery. Snowdrop works over the long term lo build the firm foundations required for survivors to be fully empowered and move forward with their lives. They tsffer casework support, access to trauma-informed counselling and wrap-around services. s￿)WdrOp PROJECT Grant.- £15,000 towards the 16 Plus Programme. Impact Through the gr8nl Snowdrop Project will support 24-25 young survivors in a year. Their support will reduce the risk of further harm, build independence and help people move forward. improve mental health and personal confiden￿. They will also open referral pathways and work in partnership with other service providers. Case Study arrived in th8 UK in late 2023 from Vietnam. She has a history of child exploitation as a domestic servant and has experienced ongoing exploilalion and abuse throughout her life. When she was referred to us, she w85 traumatised, confused, and exhausted, often falling asleep during meetings. In the first three months, shp was supported by our Child Traffi'cking Transition Lesd, who worked with h8r to access a speGialisl solicitor. This has led to her negative trafficking decision being challenged and her receiving support lo process her asylum claim. She has also allended weekly counselling and movement/relaxalion sessions with Snowdrop. She is gradually m&king progress sh& can ask direct questions in 8ppointmenls, shows an understanding of her legal case, and appears more relaxed and confident in meetings.~ Support of Ministry in the Society in Africa Leadership for Service Programme OAY51EIDERSHIPThROUGMVULNEPABIUTY.pdf During the year the charity supported thirty sisters in the African province lo participate in a Leadership for servi￿ programme. The purpose of the programme was lo help prepare sisters for Society governance and ministry 8t all levels. tEADIN VULNERAB￿¥ Society of the Holy Child Jesus CIO 16

Trustees, report Year lo 31 December 2024 Achlevements and performance Icontinuedl Grants. donatlons and support of miniTStry in the Society In Afrlca (continued) Support of Ministry in the Society in Africa (conlffnued) Leadership for Service Programme IconlinLJedl The programme was offered to those who already had some experience of leadership responsibilities. 11 was delivered through eight online modules of three days each and one face lo face residential Workshop of five days in Ghana. Professional Studies The charity continued lo sponsor professional studies for six sisters in Nigeria. Three sisters completed their studies. Sister Iloro Archibong graduated with Masters Business Adminislralion from the University of Lagos. Sister Rita Dania with a Masters in Civil Engineering from Nile University, Abuja and Sister Stephanie Ugwu with an M.Sc.in Media and Communication from Pan Allanlic University, Lagos. Holy Child College, Asa, Nigeria Financial 5UPPOrt was give for the construction of a Laboratory Complex al Holy Child College, Asa, Nigeria. Work began in July 2023 and is al the finishing stage with 99D/o of the project completed. The laboratories are ready for the instsllalion of equipment. The Laboratory building will be used for Science, Agriculture, Languages, Technology, Home Economics and will also have Arl and Music studios. There will be a dedicated space for conducting Science experiments safely and with precision. Performance of experiments in classrooms has been limiting. 11 is hoped that the availability of the new facilities will play a part in encouraging the students with career choices such as medicine, pharmacy, engineering and architecture. Once the corllplex opens il will be used by all 220 students and will be able lo cater for 720 students when the school is 31 full capacity. Society of the Holy Child Jesus CIO 17

Trusteos, report Year to 31 December 2024 Finanrial Revlew Rgsults for the perfod A summary of the results for the year to 31 De¢ember 2024 can be found on pagg 33 of this report and accounts. Total income arnounted to £4.78 million (2023.. £14.35 million). £1.28 million12023.' £0.89 million) was received by way of donations and legacles. This figure includes salaries and pensions of the sisters amounting lo £0.82 million donated lo the charity using a Gift Aid compllanl deed of covenant (2023.. £0.85 million}- Invoslmenl income and inl8rest receivable totalled £2.81 million12023.. £2.19 million). Surplus from the disposal of fixed assets lotalled £Nil12023.' £10.66 millKJn mainly in relation lo properties in Oxford and London sold). Expenditure forthe year ended 31 December 2024 lotalled £7.55 million (2023.. £7.40 million). The total expenditure on the provision of residential care services to fee paylng residents was £0.75 million 12023.. £0.75 million) wslh staff costs representing a very significant proportion of this. Staff costs in lolal amounted to £1.95 million {2023- £1.96 million). Total expendlture incurred on maintaining the members of the Society and supporting them in Iheir pastor81 work and ministry amounted to £2.76 million (2023.. £2.95 million). Grants and donations amounted to £3.89 mlllion 12023.. £3.54 million) following the developrnenl of th$ charity's grant maknng activltles in the period. Fees paid lo the charity's iftveslment managers during the peri(Kl amounted to £0.15 million12023- £0.17 million). Net expenditure before nel inveslrnent gains was £2,770,538 {2023.' Income of £6,950,792}. Nel investment gains of £6,948,96712023.' £5.814.2561 resulted in a nel InC￿aSe In funds for the year of£4,178.429 (2023.. £12.765.048>. ReseThes pollcy and Ilnanclal posldon Reserves wlicy The reader wll discern from the forying that the oharily carries out a divers8 range of activities and is responsible for care and support of sisters whose average age is increasing and whose needs are changlng. The trustees have examined the need for free reserves l.e. those unrestricted fvnds not invested in langible fixed a$5ets, designated for specifi purposes, or otherwise commilled. In considering the level of resorves. trusleos lake into account forecasts of future income and expenditure. potential needs and risks. and the need lo ensure the continuity of activity- The Iruslges consider that, given the nattjre of the Charit￿$ work and its commitments, the level of free reserves fhat should be available to the charity should be belween and three years, expendtture. Fin8nclalposltlon At 31 December 2024, the charty had net assets tolalling £113,821,693 {2023'. £109,643.264). OFthls, £Nil (2023.. £45.000) was reslricted and was lo be applied for spoafic purposos. Society of the Holy Child Jesus CIO 18

Trusteo8' roport Year lo 31 December 2024 Financ]al R8vlew (continued) Reswves pollcyand flnanclal posltlon (confynued) FinanGialposititw (continuedj A further £88.9 million (2023: £85.4 million) had been set aside or designaled by the Irustses fc￿ SPeGifiG reasons.. £28.8 million had b8en sel aside to provide for th8 Sisters in their retirement, none of whom have resources of their own. The amount needing lo be set aside was re-assessed during the year. The ¢alculations, based on actuarial assumptions, indicated that £26.8 million Was needed lo be set aside to Provide support for Sist8rs in their retiremenl12023'. £28.3 million). Therefore £1.5 million was released into general funds. £30 mlllion had been sel aside for the conllnued development of a formal grant making programme., * £17.1 milllon thmpri8ed a Society Strategic Plan fund lo support th& International work of the Congregation. induding the implementation and achiovomenl of the Sociely-wide Slralegi¢ Plans. + £15.0 million had been designated for the development and refurblshment of property. £10.1 million (2023- £7.4 million) represented tangible fixed assets essential for the support and work of the Sisters and not availabl8 to me81 ongoing expenditure. Therefore. at 31 December 2024, the CIO had free reserves of £14.8 million {2023: £16.7 million). The level of free reserves is wthin the amount required by the reserves policy of the CIO sel out above. The trustees are corkscious of the fact that listed investments ￿MprISe the key asset and that U)ese may be subject lo signfficant fluclualion giv6n the current onomic dimate ar￿ political uncertalnty in the United lfjngdom. Europe aETrd elsewhere in the world. Consequently. the truslees are of the opinion that the levd of free res8rv8S IS adequate but not exceSS￿e at the current time. Tax exemptions etG The bengfiuaries of the work of the charity have fhe assurdnce that all of the irKome MLFSI be applied for charitable purposes in furtherance of the object of advancing the Fioman Catholic faith. The charty enjoys tax exemption on inwme from its activities and on it8 investment income and gains provided thal these are appl￿￿ for their charitable aims. 11 Is also enlltled to a reduction of 80Yo on business ral8s on the property occupied lor charitable purposes. The financial berths recetved as a result of these exemptions are all applled for the purposes of furthering the Roman Cathdic faith by enabling and supporling the sisters to Ilve out Ihelr faith and lo pul thi8 Into practice through a wide variety of rellgious and other charitable works, Including the operation of a care home. The nature of the charl￿S activities means Ihal it has been unable lo redaim VAT input tax on its costs as it is exempt for VAT purposes. The charity has paid tax as an employerthrough the national insurance contn'bulions it makes. So¢iety of the Holy Child Jesus CIO 19

Trusteos, report Year lo 31 December 2024 Flnanclal Revlew {conlinue(l) Tax exemptlons etc (continued) The charity has brought 5ubstanlial beneffts to the residents in ils care home, th& lo￿1 ommunities where sisters live, arKJ S￿Iety in general. through tts newly developed grants programme, the social and pastoral work. care services, and edu¢atlon seNices provided by sister5, often on a voluntary basis. In additson, the charty has crealed social assets without cost lo the Treasury throLJgh social educational projects supported, the Gare home's links with the wlder community. and through the signffiGanl amount of voluntsry work carried out by the sisters. Futurg plans Development ofApley Grange from a 41 ￿ care home lo a 58 bed care horne. The trustees wll conlinu8 lo operate Apley Grange as a high care quality care home for members of the sO￿ty and private fee-pawng residents, while also meeting the reqLtiremenls of CQC. During 2025 and 2026 particular attention wll be paid lo the impact of development on r8sidents. The trjstees will support staff development at Apley Graroe fcK caring for residents with a higher level of needs as the level of need is expected lo increase wtth the expansion of th8 care home Marketing of the factltbes al Apley Grange will commence to ensure tak￿p of the new beds once they come online. The trustees wll continue to award grants to organisalions that apply for funding in Ilne th the priorities outlined in our grant making policy arKI lo monitor the use of grants. Th8 grant making policy will be reviewed and adapted as appropriate. The Trustees wll SUPTX)rt the Society StrateGic Plan 2025-2030 by supporting al Socigly de inltiative5 agreed by the S(Kiety Extended Leadership Team which indudes tho provincials of the various proVin￿s- b) Ihe work of the Socloty Leadership Team and cl the development of Ihe Sociews ministy in AfrKa. The Trustees wll 5UPPOrt a group of sisters in their development of a Year 3 plan of action as part of our commitment lo the Laudalo Si ActK)n Platfom). The Trustees and the Provin￿ Leadership Team will attend to the Imwrtance of prayer and ministy in the lives of the sisters and the overall mission of the Society. Sisters will continue to implement the enactments of the Society's General Chapter 2022 so living the mystery of the Ivcamation, God's loving presence and action among us, in the ordinariness of everyday lrfe and ministy. Swety ofthe Holy Chlld Jesu$ CIO 20

Trustees, report Year to 31 December 2024 Governance, stru¢ture and manag¢m¢nt Goveming document The charity is a Charilablo Incorporated Organisalion (CIO) govemed by a Constitution agreed by Ihe trustees and registered wllh the Charity Commission on 14 March 2018. Llabllity of the member If the CIO is wourKI up. the members of the CIO have no liability to contribute to Its a8sets and rK) personal responsibilty for settling its debls and liabilrf(ies. Governance In l&mis of canon law, the Society is govemed at intemalonal level by the Superior General ar￿ her General Coun￿1 in Rome. They are elected every six years al a General Chapter, which is a meeting of elected representatwes of all provlnces of the Society. The European Province is g)verned by the PfovinLial Leadership Team IPLT), comprising the Province Leader arKI three other members, all of whom are trustees, and the membership is involved In their selection. In terms of civil law, the charity (Wh￿ is a CIO) is governed by a conslllulion dated 14 March 2018 and is registered wtth the Charity Commission. Charity Registration Number 1177555. In addilion lo the members of the PLT. there are six further trustees who also undersland the work of the provin(￿ and Society. The tnjslees work closely wrth the Province Leadership Team and its advisory committees. Members of the Prov1r￿e Leadership Team and the trustee b￿Y are chosen for their personal qu￿l11es, skills and understanding ofthe needs and aspirations of the Provinre 3rKI Society as a whole. The trustees are appointed by the Province Leader based on their knowledge of the Province and particular compelencw. Al any one time there must be a minlmum of fcwjr trustees and a maximum of ten. As all trustees are member5 ofthe Society they have a detailed knO￿edge of the charty and of Ils stN¢ture. On being appointed new trustees have a period of induction when they obtsin a full briefing of their responsibilities and the charivs position. During each year, individual Iruslees atterKI seminars and training ￿urSeS to keep themselves up lo date with gOvornar￿e, financ8 and property issues. All trustees are memberg of the Souety of the Holy Child Jesus and their living alld peTSonal costs are bome by the charity. They recesve no remuneration for their services as trustees. The names of th8 trustees WIKI served during the period are set out as part of the reference and aéministrative detalls on page 1 of this annual report and accounts, and brief biographical details on each of the trustees in off￿e at the date of signing the accounts are given below. SistsrAngela O'connor Sister Angela is Province Leader. She has prevK)us experience of leadership having been a member of the province leadership team 2nd province bursar for three years. She has also work& in school administration and in parish pastoral work and directed the work of the retreat and conference centre. Society of the Holy Child Jesus CIO 21

Trustèos, report Year to 31 December 2024 Govemanc4 structure and managemenl {continuedl Gov•mance (contlnued) Sist8r Gty Abane Sister Gffiy is a member of the Society Leadership Team. She has experience in province leadership in the African provlnce considerat48 exp8rierKe in school managemenL Sister Jenny Bullen Sister Jenny is a member of the Province Leadership Team. She has experience as a primary school teacher and as a counsellor. She currently engages in some voluntary counselllng work alongslde her duties as a member of the Province Leadership Team. Slster Helen Costigane Sister Helen Is a canon lavrfyer. She has lectured in Christian Ethics and Canon Law and served as Provinc8 Bursar for a number of years. Helen has experience as a trusleo of a Roman Catholic dio(%se and has extensive exp8r1er￿e in the area of safeguarding. Sister Eileen CrO￿Y Sister Eileen is a member of the Province Leadership Team. She has exlenslve exper￿nce in the area of pastoral care having b￿n 8 prison chaplain for many years. Sister Judith Lancaster Sister Judith is a member of the Province Leadership Team. She is a splrilual dlrector and has pn'or experien￿ of province leadership having served on a team for six years. She has been the s￿Iety Archivist and has expertence in school govemance. Sister Monica M8llhp¥Ys Sister Monica is Vicar for Re1￿lOuS for the Di￿eSe of Northampton. a member of the executive of th8 Conference of Religious In England and Wales and a school governor. She previously served as Provinc& Leader for six years. Sister Carmel Murtagh Sister Carmel. a former teacher. has expeiience of province leadership and administratlon having previously served as Provin￿ leader for three years and as a team member for four years. She also served on the s￿Iety lead8rship team for stx years. She is currently the Province and so￿ety treasurer. Sisler Celestina OyKlu Okwori Sister Oyidu is 8 member of the Society Leadershlp Team. She is also a member of the Society's International Investment Committee and the International Finance ané Planning Commiltees. She is the memberoFthe Society Leadership Team with partlcular responsibilty for finan¢e. Society of the Holy Child Jesus CIO 12

Trustoes, report Year to 31 December 2024 Governance, structure and managomenl {conb"nued) Goveman¢e (Gonlinued) Sister Anne Stewart Sister Anne is a fornier teacher and community worker. She has exlensive experien￿ of worklng In community projects. She also has valuable experience in the ar￿a of safeguarding. Trustees. responslbllldes StateR￿nt The Iruslees are responsible for preparing the tru5tees' rewrt arml accounts in a￿OrdanCe wth appluble law and United Kingdom Accounting Slandards (United KingJom Generally Accepted A(xx)unting Practice). The law applicable lo charities in England and Wales requires the tru8tee8 to prepar a¢¢ounls for each financial year which gwe a tru& and fair view of the stale of affair6 of the charity and of th& income and expenditure of the charty for that period. In preparing these account8. the trustees are required to: • select suitable accA)unting policies and then apply them consistently.. + observe the methods and prinuples in Acwjnting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rew)rting Standard applic2ble to the United Kingdom and Republic of Ireland (FRS 102),. • makejudgements and 8stimates that are reasonable and prudanL • state whether applicable Unlled lQngdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts" and • prepare the 8(XXMJnts on Ihe going conc8m basis unless il 15 inappropriate lo presume that the charity wll continue in operation. The trustees are responsiblefor keeping proper accounting records that are suffieienl to show and explain the charty's transactions and disclose with reasonable accuracy al any lime the financial position of the charity and &nable them to ensure that the accounts comply w(ch the Charities Act 2011. the relevant Charlty {Accounts and Reports) Regulations and the provisions of the chariws Constilulion. They are also responsible for safeguardir¢g the assets of the charity and her￿ for taking reasonalAe steps for the prevention and deleotion of fraud and other irregulaiilies. SOc￿ty of the Holy Child Jesus CIO 23

Trustees, report Year to 31 December 2024 Govemanffj strncture and management (continued) Structure and management reporting The trustees are ultimately responsible for wllci8s. aCt￿ltIeS and assets of the charity. As the executive committee of the trustees, the Province Leadership Team meets stx times a year and the Iruslees meet th￿ Ilmes a year to review developments r8garding the charity or Its a¢tsvilles and make any imFX)rtant declslons. When ne￿5$ary, the trustees seek advice and SUPFM)rt from lh8 charivs professional advisers induding property consultants, investment managers, 501icitors and accountants. The day-to-day management of the charity'8 activS1i8s and the implementation of policies is delegated to the approprlate mernbers of the So¢iety or senior staff. The European province Compris￿ 46 sisth who INe in several ¢ommunilies in England and Walgs, France and Irdand (the latter being supported by a separate Irish charltyl. In England and Wales. the sisters are located in London, the Midlands, the North of England and Wales. with the greatest number of sisters belng in Apley Grange. the care home for the sisters in Harrogate. Thls is run by a Registered Care Manager who has many years of experience in caring for older people in a care environment. She is directly managed by an Indgwndent director who has expertlse in care sect(x management, and who supwts the senior managemenl18am. A Governance Board, cornprised of the province leadership team and the province bursar and attended by the province Finance Director, the senior managem8nl of Apley Grange and the indepondent diwior Is the framework of accountability ￿tw&on Apley Grange managemenl and the provir￿ leadership team. The Goveman¢e Board meets three times a year. Key management The Iruslees. together with the senior management team of the care home and the Flnance Director, cornprise the key manag8menl of the charitywho direct, control. run and operate the chartty on a day-ltrday basis. I trustees are members of the Congreg8tTron and whilst their INing and personal expenses are borne by the chartty they r￿1ve no remuneration in (x)nnection wth their duties as Irusl8es. The pay of Ihe senlor Mana￿rnent team of the care home is revwed annually by the management committee which m8kes recomm&nd2lions to Ihe Iwstees who then consider whether or not lo approve the woposals. Pay is normally Increased in accordance with average eamings. In view of the nature of OFeratyons of the care home and the national shortage of qUalif￿d nurses and care staff, the trustees benchmark pay rates against pay levels in olher similar charitable care homes and the National Health Service. The rernuneration benchmark is based on published pay grddes for nursing, care and adminislrab've stsff but considers additional responsibilities to ensure that the remuneration paid is falr and not out of line wlh that paid for similar roles. The pay of the finance director is agreed by the trustees and reviewed annual￿. Society of the Holy Child Jesus CIO 24

Trustees, report Year lo 31 December 2024 Govemance, structurn and manag8rnont (continued) Worklng wlth other organjsatlons The charity works dosely with a number of other charitses and public bodies which work In the fields of education, provlde support to vulnerable grcxjps, and work for justice and peace. Examples of ￿ganiSatIOnS with which the charity has (xx)perated during the p8rrod.' + The African and American Provinces of Ihe &Kiety of the Holy Child Jesus and the Generalale in Rome., • The Roman cathol￿ a1￿hd10Ces&S of Westh)insler and Southvrdrk * The Roman Calhollc dloc8ses of Anjndel and Brtghton. L￿n￿ster, Leeds, Northampton and Wrexham.. Mayfield School, Sussex-, The Priory School, Blm)Ingham.' The Cavendish School, London. Sl Mary's Catholic Academy. Blackpool,. Le Chéile Schools Trust {Ireland}', • Conferences of Religious (England, Wales and Irelané),. the Association of Provlnclal Bursars (England and Irdand). Risk management The INstees rewgnise their responsibiltiy for the management of risks faced by the chadty and the sisters. ￿sk assessments have been carried out and new policie5 and proce(lures put in place. These are remewed regulady. The areas idenliffed for parti(yJlar attention within our risk management strategy are.. • Governance arKI management • Operalional + Financial • Reputational Laws, regulations, external and environment. Governance and marragement covers the risk of the province. and hencethe charity, suffgring from a lack of direction, and Ihe skills artd trainlng of its members and staff, and the good use of resources. Operational looks at the risks inherent in activities inctuding the operation of the care home, ils members engaging in inappropriate activities. the unsuitability of buildings, poor aintenance, shortcomlngs in the servi(xs provided, drficullies with staff. pcx)r health and safety. Society of the Holy Chlld Jesus CIO 25

Trustees, report Year lo 31 December 2024 Govornancè, structure and managgrngnt (continued) Rlsk monagement (conlinued) Flnancial risks i[￿ude those arising as a r8suIt of p(M)r budgetary control, inappropriate spending. FvJor accounting, and inapproprfate invoslment policies. Reputallonal looks at wssible damage to the Socletys and hence the charfvs reputation. Law$. regulations. external and environment conslder the effects of govemment policies, the consequences (7f non-compliance wlth laws and regulatlons. and poor risk assessmenl in the care home and elsewhere. Having assessed the major rlsks the trustees believe that by moniloring reserve lev81s, by ensuring that cortrols exist over key finarKial syslems, and by examining the operallonal and business risks faced by the charty, they have established effective systems to mitlgate those risks. The key risks. as identified by the trustee9. are d8￿bed below together Mth Ihe prln¢ipal ways in which they are miligaled: 1. Inappropriale investment policies. Investment advisors a￿ gtven guidance on investment strategies lo be undertake Ilowlmedium risk and no speculab've acltvityl. with ethical investment guldelines. Performan(E is rewew&Y quarterfy and on a 11315 year basis. The investment committee, which includes three tnjstees, is aided in reviewing the performance of managers by Portfolio Review servi￿ Repl￿ting Is made to the trustees at their meelirtgs. 2. Safeguarding allegations. The charity is fully c£)mplhanl wilh Ihe safeguardirvJ policies of the Roman Catholic Church in England and Wales and members receive appropriate tralnlng and updating. All active membars of the Society have been DBS checked, as have all staff involved in the care of vulnerable adults and any volunteers who work with vulnerable members of the Society. The care home at Apley Grange has its own safeguarding policy training sessions are regulady given lo staff. Safeguarding in the Catholic ChurGh is being reslruclLrred. In Ihe past the Society was aligned wilh the Roman Catholic Di0￿Se of Lancaster Safeguarding Commisston. It is rK)w a member of the Catholic Safeguarding Standards Agency {CSSA) to whom il is accountable and with whom it contracts services. The Society is also a member of the ReligN)us Lrfe Safeguarding Service {RLSS} which will provide sefViC*S similar lo those previously provided by the Diocese of LanGaster Safeguarding Commlssion. Should there be an allegation of historic abuse, the Society is very well supForted. 3. Misuse of resources. Budgets are drawn up annually and monttored. Any large items of expendlture are fully discussed wth the trustees at their meetings. s1gnffican￿Y large donations for the development of ministries in the growing African Province of the Society are fully documented and the Province Leader is involved in negotiations and monitoring through attendance at intemalional meetings of the whde Society. s￿ety oflhe Holy Child Jesus CIO 26

Trustees, report Year to 31 De(￿T￿ber 2024 Govemancg, Structure and management (continued) Rlsk management (Gontinued) 4. Lack of com￿lance with regulallons. This applles particulady to the Ca￿ home, Apley Grange in Harrogal&. To mitigate risk, the Governance Btsard. comprising of province leadership team members: the independent director arKI the managementteam. meets quarterly. It alerts the trustees lo any signtficanl issues. The home manager has in place all tho required policies, risk as5e5sments and procedures. Th6 home is regularly inspected by the Care Quality Commission. Employ￿, volunteers. and members of the Society The trustees wsh lo record their recognition of the professlonalism and commTtmenl of all their staff. volunteers and the Ind￿idual members of the Society- Their dedication and posilive approach are very much apprecAated. Approved by the truslees and sign&1 on their behalf by: Angda O'connor Trustee Approved by the trustees on: 2?2S Society of the Holy Child Jesus CIO 27

Indepèndent auditorfs roport 31 December 2024 Independgrit auditorfs rgport to the trustees of the Soclety of the Holy Child J88U8 CIO Oplnlon We have audlted the accounts of the Society of the Holy Child Jesu8 CIO (the 'charityl for the year ended 31 December 2024, which comprise the statement of financial activitles, the balance sheet, the statement of cash flows. the principal accounting policies and the notes to the accounts. The financial reporting fram8work that has been applied in their preparation 18 applicable law and United Kingdom Accounting Standards, including Financial Reporting Stsnéard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted ArL(xJnt"ng Practice). In our opinion, the accA)unts.' • give a true and fair view of the state of the charitrfs affairs as at 31 December 2D24 and of ils income and expenditure for the wiod then onded,. • have been property prepared in accordance wlh United Kingdom Generally Accepted Accounting Practice.. and • have been prepared in a(x￿)rdan￿ wrth the requirements of the Charities Act 2011. Basis for oplnlon We conducted our audrt in a(xx)rdatKE Wtth Internation￿ Standard5 on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibiltties urKler those standard5 are further described in the audito¢s responsibililios for the audit of the acLounls section of OLJr re[￿. We are Independent of the charity in accordance with the ethical requirements that are relevant lo our auditof the financial statements in the UK, irKluding the FRC'S Ethical SlarKlard, and we have fulfilled our olher ethical re$pon$ibilibes In accordance wth these requirements. We believe that the audit evidence we have obtained is sufficient and approwiate lo provide a basis for our opinion. Concluslons relatlng to golng concem In auditing the financial statements, we have rA)nduded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements Is appropriate. Pas￿ on the work we have Ferf0M￿d. we have not identified any material uncertainties relaling to events or conditions that, indivKlualty or collectively, may cast significant doubl on the charities 8bility to continue as a going concem for a period of al least twelve months from when the finandal statements are aulhorise(t for issue. Our responslbiliues and the responsibil￿eS of the tnjstees with respect to going concern ar8 described in the relevant sections of this retx)rL iety of the Holy Child Jesus CIO 28

Indepèndènt audltor's rèport 31 Decemb￿ 2024 other Snforniatlon The other information comprises the information irKluded in the Arnnual Reporl including th8 trustees, reporL other than the acKounts and our auditorfs report thereon. The trustees are responsible for the other inf0m1at￿n contained Mlhin the annual report. Our opinion on the accounts does not cover the other information and we do not expres8 any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is rnalerialty inconsislenl wtth the a(tounts or our knowledge obtained in the audit or otherwise appears to be materially misstsled. If we identify such material inconsiste￿IeS or apparent material misstatements, we are required lo d8lermine whether th8re is a material misstatement In the accounts or a material misstatement of the other InformatSon. If, based on the work we have performed. we corKlude th81 there is a matèrial misstatement of this other information, we are required lo rep￿ that fact. We have nothing lo report in this regard. Matters on whlch we are requlred to rgport by exceptlon In the light of the knovleége and understanding of tho charity ané ils envlronment obtained in the course of Ihe audit, we have not identtfied material misstatements in the trustees, report. We have nothing to report in respect of Ihe following matters in Trlalion to which the Charities (Accounls and Reports) Regulations 2008 requires us lo rewrt lo you if, in our opinion.. • the information given in the tNstees' report is inconsistent in any material respect with the accounts", or • slrfr￿ient accounting records have not ken kep( or • the accounts ar& not in agreement with the accounting records ar￿ retums,. or we have not received all the infomiation and explanations we require for our audit. Responsibilltiès of trust68s As explained more fvlly in the trustees, restK)nsibilities statement set out on pages 23 24, the tnjslees are responsible for the wepardtion of tho accounts and for being satisfied that they give a true and fair vw: and for such intemal control as the truste85 determine is necessary lo ena￿e tho preparation of aC￿UnIS that are free from material misslalement, whether due lo fraud or error. In preparing the accounts, the trustees are resp)nsI￿e for assessing the charity's abilty to )ntinue as a going concern, disclosing, as applicable, matters related lo going concern and using the ￿ng concern basis of accounting unless the trustees either inteTKI lo liquidate the charity or to cease operJtwJns, or have Th) reallsti¢ Jternative but lo do so. &Klety of the Hdy Child JesLts CIO 29

Independent auditorfs report 31 Dec8mb6r 2024 Auditorfs responsibilities for the audtt of the accounts We have been apFM)inted as auditor under section 144 of the Charities Act 2011 and report In accordance WTlh the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about wholher the accounts as a whole ar8 free from material misstatement, whether due lo fraud or error, and lo issue an auditor'5 report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in aCCA)rdan￿ with ISAS IUKI will alway8 detect a material misstatement when rt exksts. Misslatsments can ariso from fraud or error and are consKlered material rf, individually or in the aggregate. they could reagonably be expe¢le(I to infiuence the economic decisions of users taken on the basis of these acix)unts. Irregularities, irKludiry frdud, are instances of non-compliance with laws and regulations. We design procedures in lin8 with our responsibilities. oulined above. lo delect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below. How the audlt was considergd capable of detectlng lffegularttles Includlng fraud Our approach to iéenttfying and assessing the risks of material misstalemenl in respect of irregularities, including fraud and non4x)mplian(x with laws and regulations, was as follows.. • The engagement partner ensured that the engagement team ￿lleCtIvely had the appropriate competence, capabilitie5 and S￿lIS to Idontrfy or recognise non-umlian wrth applicabl8 laws and regulations. • We identffied the laws and regulations applicable lo the charity through discussiorbs with management and twstee3 arKI from our knowledge and experlence ofthe charity sector,. + We focused on Specif￿ laws and re￿lIatIOnS Nthlch we ￿nSIdered may have a direct material effect on the accounts or the actlvilies of the charity. These included but were I limlted lo the Chartbes Act 2011, A(x%)unting and Reporting by Charities.. Stalemont of Recommended Practice applicable lo charities preparing their accounts in accordance wlch the Financial Reporting Standard applicable to the Untted Kingdom and Republic of Ireland (FRS 1021 {effeclive 1 January 2019), legislation and regulations specrfic lo care homes arKI Safeguarding Regulations" and • We assessed the extent irf tx)mpliance with laws and regulatlons identified above by making enquiries of management and representauves of the trustee and review of Ihg minutes of Iruslees, meetings. Society of the Holy Chlld Jesus CIO 30

Independent auditor's report 31 December 2024 Auditor's responsibilities for the audit of the accounts Icontinuedl How the audit was consiTdered Capable of detecting Irregularities including fraud (continued) We assessed the susceplibilily of the charity's financial statements lo material misslalemenl, including how fraud might occur by., • Making enquiries of management and represenlalives of the Iruslees as lo where they considered there was susceplibilily lo fraud, their knowledge of actual. suspected and alleged fraud,. and Considering the intern21 controls in place lo miligale risks of fraud and non-cofflpliance with laws and regulations. To address the risk of fraud through management biss and override of controls, we.. + Performed analytical procedures lo identify any unusual or unexpected relationships-, Tested and reviewed journal entries lo iéenlify unusual transactions.. Carried out substantive lesling of expenditure including the authorisalion thereof., • Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias-, and • Investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, bul were not limited lo.. Agreeing financial statement disclosures to underlying supporting documentation,. + Reading the minutes of rneelings of Iruslees., and Enquiring of as lo actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely il is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required lo identify non-compliance with laws and regulations lo enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misslalements that arise due lo fraud c2n be harder lo detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at www.frc.or .ukJaudilorsres onsibililies. This description forms part of our auditor's report. Society of the Holy Child Jesus CIO 31

Indapondent audltor's report 31 December 2024 Use of our report Thls report is made solely lo tho charivs trustees, as a trA)dy. in accordance with 8ecllon Part 4 of the ch2rib.es {Accounls and Reports) Regulations 2008. Our audlt work has be&n undertaken $0 that we might slate to the charfWs trustees those matters we are required to stale lo them in an auditorfs report and for no other purpose. To the fullest extent pgrmitled by law, we do not a￿pt or assume responsibility lo anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have forrned. Buzzacott Audit LLP Statutory Auditor 130 Woc¥J Street London EC2V 6DL Date.. 25 June 2025 Buzzacott Audit LLP ￿ eligible to act as an audilor in lerrTts of section 1212 of the Companies Act 2006 Society of the Holy Child Jesus CIO 32

Statement of flnancial activiti8s Year ended 31 December 2024 2023 R88trict& fiJr¥Js Un￿¢tea R88trfcted funds funds Totsl Un￿S￿lGt fut)ds funds Total nds Incom8 from: 1.279.098 1279.698 .974 894,974 Inve$lm8nts and ￿tereSt re¢&wable Charitable Re8Idgnlal Trre home other 50ur MIsc8lLsneou$ in(x)me . Surplus on (Hsposa of taryiblefixd assets Totsl In￿me 1807,078 2W7.078 2.1e6.778 25,969 2,192,747 879.9S3 60CI.828 600,826 14,022 14022 2,512 2,512 10,8ff2,138 14,327,228 10.662,138 14,353,197 4.780.761 4,780.761 25,969 Exponthtw• ¢￿. Ralsing fijnds . Invsstrsntmanag8m8nt costs CharitaLle aL*wtiBs . SupForl of membets of the Sod8ty 8￿j their minlsty Provision of re$￿en￿8[ rAr8 5erviee$ D￿a￿On5 atKf grdnts In support oftharitstle Total expenthlljl 1S1215 152215 1e6,304 166.304 1761.101 1761.101 2.948,634 2.948.834 749,359 749,359 745,850 745.850 3,843.824 7.506.299 45,000 45,000 3,8BB,624 7,551,299 1,220,070 5,080,858 2,321,547 Z,321,547 3,541.617 7,402,405 Not lexpendilurel income before galns on investments 8 11725,5381 I4&(￿) 12.770,$3BI 9246.370 12,295,578) 8,950,792 Noi Investrnont galns 6,944967 948,9S7 5.744,755 69,501 5,814,258 Not Income lexpenditurÈl and nèt movement irt funds 14ArwJoi 4178.429 14.991.125 12,226,077) 12.765,048 R8condllation of fvnds". Fund balances at 1 January Fund balances at 31 Dttembar 109,598264 45.W) 109.643254 94,FA>7,139 2,271.077 06,878,218 113.821,693 111821.893 109.598,264 45.000 109,643.2e4 Society of the Holy Child Jesus CIO 33

Balance Sheet 31 December 2024 2024 2023 Not8S Flxad ass¢ts: Tangible assets Investments 11 10,121,993 7.449,188 12 102,718,921 100,960,369 112,840,914 108,409,557 Currgnt a88ets: Debtors Cash at bank In hand Total current ass8ts 13 28S,171 1,278,467 1,543,638 1.112,368 796,073 1,908,441 Uabllitles: Credltr)rs: amountsfalllng due ona year 14 1582,8591 674.7341 Nel current as$&ts 980.779 1.233,707 Total n•t assets l•ss curr•nt Ilabfiii•s 113,821,693 10g.643,264 Total net assets 113,821,693 109,643,284 The funds of the charlty: R6striet8d fund8 Unrestricted funds . Designated funds . Tallgibl8 fixed assets fund . Gen￿1 fuThJs 15 45,000 16 88,904A41 85,466,504 17 10.121.993 7.449,188 14,795,259 18.682,572 113,821,693 109,643,264 Approved by the tnjstees and signed on their behalf by: Sister Angela O'connor Trustee Society of the Holy Chlld Jesus CIO 34

statement of cash flows Year ended 31 December 2024 2024 2023 Notes Cash flows from 0￿ratIng a¢0￿￿&8.. Nel cash used in operati1￿ athibes A {4664,248 6.392.885 Cash flows from InveS￿n9 acllvlUe8'. Invèstment income and intaresi rectved Procgeds from thg disFK>sal of tangible fix￿ awts Purchase 0fta￿Eble fixed assets Procsèds from Ihe disp(￿ of invasth)8nts Purchase of investments Net cash provided by Inv¢6tlng actfvllles 2.778,834 2,106,148 14.475,021 12,822.807} 12,713.9021 23.12S,313 18,908,091 114,856,337) 17,261,026) 8.225,203 15,514.332 Change In cash and cash equlvatents In the rArlod 3,5eo.955 9,121,447 Chanp In cash and cash equlvalent due to exchang8 rato movom8nts {61,1891 Ca8h at bank and In hand ￿ *art of peric 15,814.256) 12.807.078) 12,192.7471 1 110,662,138) 875,441 {e67,719} 1111,87S} 27,590 4,604.248 6.392.885) B Analysis of cash and cash equIv￿Qnts 31 31 D8cembor December 2024 2023 Cash al bank and in harKI Cash hald by invèstrftént monag8rs Totsl cash and cash 04uivalents 1,278,467 796,073 18,243,817 15,165,256 19,522,284 15,961.329 No separate reconciliation of net debt has been prepared as there Is no dlfference between the net cash {debl) of the charty and the a￿)ve cash and cash equivalents. (ety of Ihe Holy Child Jesus CIO 35

Prlnclpal accountlng polldes Year ended 31 December 2024 The print>pal accoLrnting pol￿e$ adopted, judgement5 and key sources of e$Umalion un¢ertalnty In the preparation of the accounts are laid out bolow. Basls of preparatlon These a￿otjnts have been prepared for the year lo 31 December 2024 comparative information provKled in respect lo the year ended 31 December 2023. The accounts have LEen prepared under the historlcal cost convention with items recogni86d al cost or transaction v21ue unless othemse stated in the relevant accounting policles below or the notes to th￿e accounts. The accounts have been prepared in a￿or￿an￿ with ArAx)unting and Reportlng by Charllies.. Stalement of Recommended Practice applicable trj (*aribe5 preparing their ac(x)unts i arxordan￿ wtlh the Financial Reporting Standard applicable in the United Kingdom and Republic of Irdand (Charitie5 SORP FRS 102} effective 1 January 2019, the Financial Reporting Standard appluble in the UK and Republic of Ireland (FRS 1021 aThJ the Charlties A¢t2011. The charity Ixjnsttlutes a pU￿1C benefit entity 8s defined by FRS 102. The accounts are presenle(I In sterling and are rounded to the nearest pound. CrEtlcal accountlng estimales and a￿aS of judg8mgnt Preparation of the accounts requires the trustees and management lo make signrficant judgements and estimates. The ilerns in the a(xx)unts where these judgements aryj estimates have been made indude.. • delerminiro the allocafK)n of costs beiween ditTerent expendtiure class￿1C8tIDnS.' + estimating the usefijl economic lrfe of tangible fixed assetsfor the purposes of determining the annual depreciation charge,. • detemining the value of designated funds needed at the year end, in particular in rèspe¢l to the assumptions used in determining the value of the retirement fund., ar + estimating future income and expendrture llows for the pu￿lse of assessing going concem (see below). Assgssment of going concern The Iruslees have assessed whether the use of the golng concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of at least one year from Ihe date of approval of theso accounts. Society of the Hoty Child Jesus CIO 36

Prlnclpal accountlng pollcles Year ended 31 December 2024 Assossmont of golng concern {continued) With regard lo the next a¢counling period. the year ending 31 Dec*mber 2025, the most signtficanl areas that affect the carrying value of the assets held by the charity are th8 level of inve51menl retum and the perforniance of the investment markets Ise8 the investment policy and the risk management seGtions of the trustees. report for more infom)ationl. However. the trustees do not expect material concerns to arise over the charity's financlal posllion or going CA)ncem. The tnjstees have conduded that the charrty wll have sufficient resources lo meet its liabilities as they fall due. Income recognltlon Income is recognised in the perSod In which the charity has entrtlement to the income, the amountof income can be measured reliabty and il is probable that the income wtll be received. Income CA>mprises donations, inveslm8nl income. interest re￿1Vable. fees from the charity's residential care home and income from othor souThs including the surplus on the disposal of tangible r￿ed assets. Donalions. including salaries and pensions of indNldual ￿lIgIouS re￿Ived under Glft Aid or deed of tx)venant, are retx)gnised when the charity has confirmation of both the amount and seluemenl dale. In the event of donations pledged bul not received, the arnount is accnjed for where the receipt is considered probaue. In the event that a donation is subject lo Conditions Ihat require a level of perf0rnan￿ before the charty is entilled to the funds, the income is deferred and not recognised until either those conditions are fully mel, or th8 fulfilment of those conditions is wholly y￿1n the (x>ntrol of the charity and it is probable that those conditions will be fulfilled in the reporting period. Legacies are induded in the statement offinancial activibes when the charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any conditions attathed to the legacy are within the o)nlrol of the charlty. Entitlement is taken as the eadier of the date on which either.. the charity Is aware that probate ha5 been granted, the eslal8 has been finalised and notrfication has been made by the executor to the chartty that a diStri￿110n will be made, or when a distribution is rgceNed from the estate. Receipt of a legacy. in whole or in part, is only o)nsidered probable when the amount can be measured reliably and the charity has been notified of the execLrtor's intention lo make a dkslribution. Where legacies have been not[r￿d to the charity. or the charity is aware of the granting of probate. but the criteria for income reo)gnilion have not been m&1, then the legacy is treated as a contingent asset and disclosed rf material. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognis8d stock exchange. reCognr(￿￿ is subject to the value of the gift being rellably measurable with a degree of reasonable a(xurw and the tttte of the asset having being Iransforrod to the charity. Fees from the charity's residential care home are rwnised when receivable. Investment in(x)me 1$ recognised once the dNidend has been declared and notification has been received of the dNidend du8. Society of the Holy Child Jesus CIO 37

Prlncipal a¢countlng pollcles Year ended 31 December 2024 Income re￿nItIon Iconlinuedl Interest on funds held on d8posit is included when receivable and the amount Gan b measured reliably by the chartty., thls Is normally upon nottrricalion of the interest paid or payable by the bank. Income derived from the levying of charges for residential care and support service8 IS measured at the fair value of the consideration wewed or re￿1Vable, exGludlng discounts and rebates. Fee income recognised when the charity is entitled to receipt under tho relevant Gontractual agreements. A surplus on the disFK)sal of tangibl& fixed assets is d8fin6d as the drfference between the sale proceeds arKI the net book vdue of the asset al the time of disposal and after deducting any costs associated with tho disposal. In the (xse of disposing of a freehold propety, the surplus is recognised at the Ilme when legal completion of the sale takes place. Expendlture recognltlon Liabililies aTr re¢cwJnlsed as expenditure as scrf)n as there is a legal or construoliv6 obligation committing the charity to make a payment lo a third party, il is probable that a transfer of economic benefits wtll be required In settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accTuals basis. Expenditure comprises dlrecl costs and support costs. All eXPer￿s, induding sUPPOrt costs, a￿ allocat￿ or apportioned to th8 applicable expenditure headings. Tho dassrficalion beiween actwities is as follows: a) The costs of raising funds comprislng payable to the charivs professional inv6slmont managers. b} Expenditure on the support of mernbers of the So¢Sety and their ministy enables the rnembers to cary out the charilabl8 work of the Society in the areas of the advancement of the Roman CalholK Rellgion, the advancement of education and the spread of Chrislian values. Such expendKure comw(ges: • staff costs premises expendÈlure • sisters. living and personal expens&s • training and spiritual renewal. ¢) Expenditure incurred in the provision of residential care services lothe eldedy attheApley Grange Care Home. dl Grants and donations are awarded to support the works of the Society overseas and in support of education and other charitable activities consistenl with the charity's objects In the United Kingdom. Grants and donations payable are included in the slalemenl of financial activities when approved arKJ when the intended recipi8nl has either received the funds or been infomied of the decision lo make the donation and has satisf*6d related condilions rfany. Grdnts and donations approved but not paid foral the end of Ihefinancial year are accrued for. s￿tY of the Hdy Child Jesus CIO 38

Principal accountlng pollcles Year ended 310e¢ember 2024 Expenditure recognltlon (continued) The majority of costs are dire¢dy attributable to specific actNilles. Certain c08ts in resp8Ct to the provision of residential ￿re services have been allocated to expendrture categ)rles by roference to the ratio of the number of fee paying residents to the numbor of residents who are members of the Society. GDv8mance costs comprise the costs which are direcuy attributable to the procedures for compllan¢e with statutory requirements. Govemance costs are allocated in full to expenditure on the support of members of the Society their minlslry. Tanglble flxed assets • Land and buildings Non-speaalised buildings comprise free￿)Id and long leaseFK)Id propertles and are defined as those designed as. and used wholly or mainly for, private residential accommodation. They were stated at a tnjslees, valuation made, with professional assistance, in 1996 based on market value for existing use. wlth additions since slated at cost. As permitted by FRS 102, with effect from 1 September 2014 the 1996 values assigned lo these properlies are now deemed to be their cost. Such buildings are not depreciated. Their vaue and condrtion are reviewed annually by the trustees, who are satisfied that their residual value is not materially less than their book value. Al specialised land and buildings are freehold. They (x)mprise the Society's provincial administration centre. and care home for elderty sisters. They were slated al a trustees, valuation made wlh professional assistance. in 1996 based on replacement cost for existing use. As pemiitted by FRS 102, with effect from 1 September 2014 the 1996 values assigned lo these properties are now deemed lo be their cost. Depreciation is provided at 2% per annum on a straight4ine basis to write the specialised buildings off over their estimated useful economic lrfe lo the order. The Chapel at Mayfield is not valued for the ptjrposes of the accounts, a5 permitted by the Charities SORP FRS 102. tt is a Grade I listed building and has been In the ownershlp of the sisters since 1863. The religious and hislorical nature of the building means Ihal it would be dtfficult to obtain a tneaningful valuation. • Fumrture, equipment and plant Expenditure on the purchase and replacement of fumiture and equipment over £2,000 and motor vehicles is capilalised and depreryated over a fwe year period on a stralghl Ilne basis. Ilems dassrfied as [￿ant are capilalised and depreciated over a len year peri￿ on a stralght line basis. in order lo wrfle the assels off over their eslimaled use￿1 lrfe. Flxed asset Investments Listed inveslmenls are a form of bas￿ finarKial instwmenl and 8re inilially recognised al thelr transaction value and subsequ8nlly measured at their fair value as al the balan￿ sheet date using the dosing quoted market pric?. Swety of the Holy Chikl Jesus CIO 39

Principal accounting polldes Year ended 31 Dec6mber 2024 Flxed asset Investrnents {rontinued) charity does nol acquire put options. derivatives or other (x)tnplex financlal Instruments. As nolod above the maln fomi of financial risk faced by the oharity is that of volatility in equity markets and inv8sfJnent rnarkets due to wlder economic conditions, the attllude of investors to investment rlsk. and changes in sentiment conceming equities and within particular sectors or sub sectors. Realised gains {or losses) on investment assets are calculated as the drfference betsveen disposal proceeds and their opening carrying value or their purchase value a5 acquir subsequent lo the first day of the financial year. Unrealised gains and losses are cal¢ulale as the dtff8rence between the fair value at the year end and their carrying value al that date. Realisad and unrealised investment gains lor 105ses) are combined in the statement of financial activities and are ￿edited lor debited) in the year in which they arise. Deferred annulty contracts represent annuity rA)ntractg an insurance company to provkle for individual members of the Society on their retirement. The fund Is revalued annually by the trustees. Any resultanl surpluse9 and deficits on revaluation are ￿edited or charged to the 5tatemenl of financial activities. Funds held in Ihe COIF d8FQSft fund have been treated as investments as il is the intention of the trustees to hdd these in the medium term. Debtors Debtors are recognis& at their settlement amount, less any provision for non-recoverabilty. Prepayments are valued al the amount prepaid. They have been discounted to the present value of the future cash receipt where suth dlscounllng is material. Cash at bank and in hand Cash at bank and in hand represents suth accxyjnts and instruments that are available on demand or have a maturity of less than three months from the dale of acquisition. Deposits for more than three months but less than one year have been disdosed as short term deposits. Credltors and provlslons Creditors and provislons are recognised when there is an obligation al the balan￿ sheet dale as a result of a past event, it Is probable that a transfer of economic benefit will be required in sewement. alld th6 amount of the setuemenl can be estimated reliably. Creditors and provisions are recognised al the amounl the charrty anticipates it will pay lo settle the debt. They have been discounted to the present value of the future cash payment whefft such discounting is material. Society of the Holy Child Jesus CIO 40

Principal accourrting pollcies Year ended 31 DerLmbw 2024 Funds structure The fvnds of the charity are. In the main. unrestricted arKI therefore avallable for use in furtherance of the chaTtty's objeelNes at the discr8tion of the trustees. Wlhln the total unreslricled funds of the charity are ftjnds ￿preSentIng tangible fixed ass81s and funds which the trustees have deslgnaled for spectftc purposes. Details of these are provided in note 16 and rK)te 17. Details of fvnds which are restricted for rErtain purposes are given in r￿te 15. Foreign currencies Assets and liabi1S1ies in foreign currerries are translated Into sterting at the rates of exchange ruling al the balance sheet date. Transactions in ft)reign currencies are translated into slerfing at the rate of exchange ruling at the date of the transaction. Exchange dlfferenc68 are taken into ac¢ount in arriving al the net movemenl in fvnds. Servi¢9s provided by members of the Soclety For the purposes of these a(￿unIs, no monetary v21ye has been placed on admlnislrative and other services provided by members of the Society. Opgratlng leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain the lessor are charged on a straight-line basis over the term of tho lease. Pension contrlbutions Contributions in respect of th8 charTWs defined contribution pension scheme are charged lo the statement of financial activities when they are payable lo the scheme. The Charity's contrilAJknons are restricted to the contrtbullons disclosed in nole 9. There were no outstanding contri￿tionS at 31 December 2024. The charity has no liability beyond making its contritmjtions and paying across the deductions for the employe6s' contiibulions. Swiety ofthe Hoty Child Jesus CIO 41

Note8 to the accounts Year ended 31 DecEmber 2024 1 Income from: t)onatlon8 2024 UnTe￿rICted Restricted Funds Funds 2023 Unr6sblthd Fiestrfct8d Funds Funds Total Total Salarie5. petWOnS, S￿3 anQ simSLar supkxt of [￿l￿dUal fftligK￿5 r￿1ve￿ (3ftAk1 CA)mpllant de&1 ts10)Y￿aTrt Legaoes recwvdbJ8 Other do￿VOr 824936 352 446.410 1,279.698 824936 352 44Q410 1,279.698 &53.422 853,422 41,552 894,974 41,552 894,974 Incomo from: Invgstrnent5 and intgrost rocgivablo 2023 Un un￿￿rth1 Resbrfcla FuTh1s Fwds Funds Fund8 Total Total Invtm8nt IrKLwn8 . USI￿ Inv85h8nts- UK . 1nveskn￿ts- B5D,103 850,163 s￿584 9.400 701,984 1,362.581 1011744 1A62.581 1011744 1,220,664 1.913,248 16.569 25,969 1.237.233 1,939,217 Interost receiva￿0 . Intersst on o5h by Investm•rt matwgas . Bank inter85t- LIK 40,097 754237 40,097 7M237 7¥334 2,807,078 233,207 20,323 253,530 2,188,Tf8 233,207 20,323 253.530 2,192.747 1807,078 25.969 3 Income from.. Surplus on dlsposal of L￿gIble fixed assets 2024 2023 Unrestrk&1 Restrlcled Fu￿$ Fwds Funds Funds Tctsl Total su￿ll￿ on ¢lsposal ol lorvehides Loss on thsposal of fiJrnibJr8 8￿j filtirus SuEplu5 on d1$pts￿ of LM1 ￿lkJing$ 30tKJ 3,800 124,9801 124,9WI 10,683,318 10,6V2,138 10,683.318 10.662.138 s￿IetY of the Hdy Chikl Jesus CIO 42

Notes lo tho accounts Year ended 31 December 2024 4 Expendlture on: Support of mgmbgrs of th¢ Soclety and thelr mln18try 2024 2023 unreStfi￿ Resmctsd FuNJ8 Funds FurKIs Tot81 Siaff Ix)sts Ptemises Sisters, Ilwno mlnbty expEn5es Ed￿ts"on, traI￿rIj and spwtual renewal GOvern￿C& LY)sts lTh)le 7) Other 1.431521 631,63S IN3£521 631m5 1,441,257 616,176 1.441,257 616.176 $61953 Se2￿53 581.750 581,750 28,886 60.8S1 41,055 1761.101 18,&40 250,646 40,165 2.948.634 18,640 250.646 40,185 2.948.634 60,B51 41.055 1761.101 S Expendlturn on: Provlsion of rgsidential care servlcas 2023 Unrestrl¢ted R8strfct8d FLnd& Funds Funds Funds Totsl staff costs Premises aThJ olher 517,529 183.140 517,529 163.140 08,690 749.359 523.079 149.4 73,335 T4￿.850 523,D79 149,436 73,835 745,850 749.359 6 Expenditure on.. Donatlons and grants in support of charitable actlvltles 21r23 2024 unre8t￿ted Restricte(J Fund5 Funds Funds Funds Totsl Totsl Support of the WO￿ of the Sockty ov•rs•as Afn"ta Generally through the so(￿¢￿$ Gen￿xIate 2.72S645 2,725,645 232,797 2,311.634 2,544.431 101,957 1827,602 101,957 2,K27,602 99.385 99,385 332,182 2.311,634 2,642,816 General donatEons- educatlon Do4w Syndrom8 c￿shir8 Gatèhouse Llfe s￿Ils- Community Churth R8a¢h Out Youth South Bristol Youlh st Mary5 CatMI Artherry Waddecar Scout Grwp 15,QOO 15.000 2,000 2,000 3,300 3,300 15,( 15.000 15,000 15.000 1,500 2,310 9,110 1,500 2,310 9,110 45.000 45.000 Scciety of the Holy Child Jesus CIO 43

Notss to the accounts Year ended 31 December 2024 6 Expendlture on: Donatlons and grants In support of charitable activities Iconlinued) 2024 2023 Un[EStrKt￿J RE5trKted Funds Fund5 Funds Funds Total Total ongrol dwtlons- olher Institutlon$ I Saints Bqdftyd Andante 1000 5,000 ArntO￿a Ye8ry Lwdes Fwd Bam)w CMF eiessed Edwa￿ Barnber A(*demy Brtosh R￿j (>oss CAF(D CaTEW safe commun￿ Prfd8 COREW Derngnba UK Fare8har8 awn9 ad GrdLthI tue Slsters of the P sar￿ Frontswes Mary Ward LoTeto UK Mo￿aY Communlty c￿ Sl Augustines Caknllc Ar%detny 2.0(X) 2,000 5,000 5.000 8,000 {80.IK)01 1,500 1.5LX) 5.0 250 3,000 1.79) 1,780 3.000 8,000 3,000 8.000 3,000 iooo 2.TrJO 6,000 5.000 5.(X)O 8.(X)O 5.QOO 5,000 8,0(M) 5,OLY) Tru&8dl Trus( UnKef enèrJ donattons under £1,000 1(650 16,650 84,800 17,5(Kl 120,2401 17,500 120,2401 Goneral donation$to 10.731 9,828 10,631 Society of the Holy Child Jesus CIO 44

Notes to the accounts Year ended 31 December 2024 6 Exp¢ndi¢ure on: Donallons and grants in support of charltable actlvlties (contlnued) 2023 T85trfc8d R851rfct8d Funds Fund8 Funds Funds Totsl Orant8 2 Minut8 FotsTrlalk)n Actbn for Re￿ee$ LthM5ham Adult L118racy Agne5 Stnilh Ad Centre A8Wum A Baby Basics 88ca Be Free Carers Beacon BÈn's Cwtre Beyond theslreets Boaz Trust Breath%ryN￿rS Fourxkntion Bwkiw Barriors 8rf8iol Relugee Flghts Catholl¢Workw8 Fa Chii5tian Community Ga ALon Gir8n¢e8tsr Opwrity Grow) Clean Skte CLEAR PrO1￿t Clitnate Ed Communicare Cotton Tree Tnjsi Crdnfield Tn￿t Create Arts Cr0551vJhtAdire Dlsabillty Flrst Derby Qty Mission Destitulon Proj8d8fAt 10.t 10,IXIO 10.(KJO 10,OfK) 10.000 fo,000 20,000 20.000 10,000 15.000 10.ofK) 14OIXI 15.000 15.000 10.000 15,000 15,000 10,000 1&01)0 14000 15.000 15.000 10.000 10,0(K> 15.000 15.000 10,000 10,OOD 10.000 10.000 10.OQQ 10.000 15.0(Ml 15,￿0 10,(1(X) io.iyjo 15,000 20.ONJ 10.000 10,QOO 15,000 ,000 10.000 10,000 Y5,LYX) 20.WO 15,000 20.000 15.QDO IONOO Is.000 10.000 20,CXIO 15,000 io.rkn) 20,(X)O 20,0(M) 15,000 10,0(K) 20.OCvJ 10.QOO 10.000 Ell8 s Home mmanuel GrvJp of Churthes Fwd Ba E￿lIsh ForAdon Falrtjeats Faith In SthxY$ Failhlnyest Fallwrks Family Works at St Johns Fine Cdl Work FI￿rtSh Nl Freth Cammunty Allian obal Art Cowing Towh LewenshulmÈ Hanng8y MvJranlSwr#xt C8ntre Ttrkngls (rried foJward 10,IX) 10.0(XI 15,0 10,000 15.000 10.000 15,CMX) 25.0 10,CKX) 10,C 15.ODJ 25,0(K) 10.0 10,0(K) 14.500 10,OC41 14.500 10.QOO 10.(M)) 10.W) 10.000 8.130 10,0( 8,130 15,CKX) 10,000 15,OQO 10,000 10.000 10.0Tr) 20.OD) 350,0(MJ 20,OtsJ 350.000 347,630 347.630 Society of the Holy Child Jesus CIO 45

Notes to the accounts Year erKled 31 December 2024 6 Expenditure on: I)onatlons and grants In support of eharltable actlvltles (¢ontinuedl 2023 restrist￿ Restricted F￿￿5 Funds Fund$ Funds Total To(al Grants Total$ broughtfoThYa HeathProrn Hlmmah Home Start B8nLw & Chippetham Home Start lfjrklees Ho￿UrThY Wcxnan Hope at Home Hope N￿ttin￿aM Hou51n9 Matter5 Islwtcfi C8ntre Ref￿8eS K￿1 Refugee Hdp Lilwaw Pirat85 Loral Wel(￿m8 CIO Marriage Care Miqwt De51ttutiM Fund Mums kn Ne&1 Mv5tard Tre8 FoundaiK> My Siste¢s House CIO m￿lmE YOJ[￿ Caras Nekn￿nIah Proierl Nomad OpW)1￿ T)oors Notre Dame Refvgee C8ntre Norion Hall Contre Oatsome Cron¢ Ocean Ge￿￿tiOn Elghty Owation Pawt ctub Przma Life Priors Park N￿￿b0Ur￿d Prd8Ct Pri50n Fd10¥￿1p Prison&r Ed￿11￿ TnLst Project MAMA Prurtd8rKe Row Rainbow mig8￿ Rekindle RenewEI Programme RIyht to Remal SAFE FoundaLKx) S(x)tswood Natur Community Garden SENFSG Sewe SL8t8r Clrde 347.630 347,030 350,000 20,(K)O 350.ryjo 20.QOO 15.1100 Is.000 17. 15.(MX) 17,500 15.OOCI 0,060 6,060 10,QCrf> 10,OCK) 1&00 15.ih 15,1)00 15,lJOO 15,C 15.000 15,000 15.ODO 1&000 15,000 15,0 13.000 15,0 10,( 15,000 10.000 10.000 15.( 10,Cw 15,OIMI 15,000 10.000 Is,000 10.000 15,000 15,(rfJO 20,fM]O 20.000 15,tx)o 20,LXJO 10,(K)O 20.1#)0 15.000 20,ODO 10,000 20,000 15,000 15,000 10.000 15.OOD i0.ooD 15,0 10.(*JO 15,lJOO 15.0¢)0 10.1)OCI 10,000 10.( lo.￿]0 15,(WJO 15.￿0 10,000 10,000 10.IXIO lo,￿￿ 10,80D 20.000 15.000 15.000 14OOD 140 I0.￿j fO.O 10.0 10,OCX) 10.000 10.1100 15.orxj 15,(K>O 10,000 15,000 15,000 10.000 20.000 5,500 10,000 10,th) 15.1X)O 673,300 15.000 673,300 Totsls carr￿d forward 664,190 664190 Soaety of the Holy Child Jesus CIO 46

Note3 to the accounts Year ended 31 December 2024 6 Expgndlturg on: Donatlons and grants In support of charRable actlvitles Iconlilluedl 2023 Urp resthctPA1 Funds Resbfjc Funds Fund$ Funds Totsl Total Grants Totals brouthtftthd Slxty On8 st￿￿[OP Pro1￿1 SrArth ShoreCommLrdty Project stAnn8s Ajlobnents St Davlds DCSR Ha P￿d St ¢3eorgÈ's Youth Cl￿> Sl Pau￿ Admce Centre stJoso)h's HtisFx¢e Sl Luke's C8ntr8 Starllng ColÈcve StrEngth a[￿ stem Stroud Valley Projxt SLrfra The Porch The X8crulknentJthN*M Tho Separated Ghld The Story Mwe 7riangul8r Ina Wngs DA 664.190 15,000 15.mo 864.190 15,000 15.000 673,300 673,300 20,000 20.0(M) 13￿8(• 13.080 10.mo io,ooo 15.000 15.000 15.0 15,000 15.000 15,000 15.000 14IJOD 20.000 17,5rMI 17.500 15.OCX) 15.000 15,000 15.000 lo,￿j0 10,000 7AOO 7,500 10,ODJ f0,O(K> 10,000 Is.￿0 10,OLM) 15,000 10.(M)O 10,000 21￿61 10.000 21.361 Vineyard C4mrnu ¢￿tre VoiGe5 in E¥le Volces of Hop8 Woman's Tntst YADA You Can FIOL￿h yo￿9 Mlnds Malter Yaung Pewle's Tru5tlDT Ihe ErY4ifDnmenl Young Roots 14000 15,CM)O 10.000 20.000 15.OOD 10.0 10,0 10,000 20.000 15,000 10,000 10,000 10.IXIO 10,OLWJ 10,000 10.000 10,000 1fj.8BQ 10.000 16,880 2$.0 25.000 15.wo 898,300 15,OOD 898.300 920,491 920,491 Total donalKins and grants &841624 45.0Tr) 3,888.624 1220.070 2.321.547 3,541.617 7 Governance costs 31 December 2024 31 Decwnber 2￿28 VrKesM¢ted Reslfjded Fu￿$ Funds Funds Total Totsl Lellal and pffjfess￿)nal ,851 6D.851 2￿.648 250.646 Society of the Holy Child Jesus CIO 47

Notos to the accounts Year ended 31 December 2024 8 Ngt (expendlturo) Income for the perlod before galns on Investments This is stated after charging.. 2024 2023 Stsff costs (￿ta 9) Audilorfs remun8ration (Ind￿j￿ng VAT) . AtKIIt seN￿5- ￿Jrrent year . Audit s8rvw3- prior year . Non audit serwces., payroll and ofher c4ywIHancy Depreciab'on Operatlng lease charyJe6 1.950.050 1,964236 37,800 6,800 13,168 149.801 73,195 31,000 4,580 11,754 151,337 81.480 g Staff costs. remuneratlon of key management Pgrsonnol and trusteés, r8mun6ratlon 2024 2023 staff costs during the period fr5lltr*& Wages and salaiies Social seryjrity costs Pension costs Redundanw cosis 1,766,512 150,304 33,234 1,780,524 141,012 32,047 10,753 1,964,336 1,950,050 The average number of em￿oYeeS during the p8ricKI (including part time staffj.. 2024 Supp(xl of Membets oflhe s￿ ￿"r rrIn￿ty. the operatkin of residenttal (2r8 hom8 a￿$ grant making 90 The number of employees whose employee benefits lexduding employer pension costs) exceeded £60,000, was.. 2024 2023 No. £60,(X)0- £70,￿)0 £70,(K)0- £80.1XIO £80,(K)O- £￿,(x]0 Tre key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-lo-day basis comprise the INstees, the finance director and the home manager of the Chari￿$ care home. The total remuneration (including taxable benefits and employerfs pension cDntrI￿tl0nSI of the key management personnel for the year 10 31 De(Ember 2024 was £167.25212023: £158.589) The charivs trustees are all members of the So¢lety and consequently their living and sonal expenses. all of which are consistent with the amounts pald in respect lo other members of the Souety, are ly)rne by the charty. No trustee received any remunèration or reimbursement of expenses in connection with their duties as trtJstees12023: none). Society of the Holy Child Jesus CIO 48

Notes to the accounts Year ended 31 DecEmber 2024 9 Staff costs. remuneratlon of key managomont pwsonnel ond trusteos, Temuneratlon {conlinued} As members of the Society, none of Ihe Irustees have resources of their own as all eamlngs, pensions and other income have been donated to the charity under a Gift compllanl Deod of Covenant. During the year, the total amount donated by the trusleas to the charity was £111.024 {2023.' £96,267). 10 Taxatlon The Society of the Hoty Child Jesus CIO is a registered charty and, therefore, 18 not liable lo income tax or corporation lax on income derNed from ils charitable a¢tniiti85, as il falls within the various exemptions available to registered charities. 11 Tanglble fixed assets LwKIHnd Fu￿ttIre, NOJF Assets under ￿uIl¥nent speLl￿1￿ed S￿lla￿ Cl¥￿uCt¥Jn and plant Motor vehid88 Totsl C05t or valuation At 1 January 2024 Additior Di5P05als and l.miTration5 At 31 Dewbw2D24 3.817.5ST 5.084,$92 1.685.135 19,W8 128,990 23.215 10,716,274 2.822.607 2.779.484 15,7411 2.779.484 1,699,302 15,741 152,205 13,533,140 3,817,557 5.084,592 At C051 At de*n8d ￿$( 3.817.557 3.877.822 1,206,TIO 5.084.SW2 2.779,484 2.779,484 1.699.302 152205 12,326,370 1,206,770 13,533,140 3.817.557 1.69Y.302 152,205 Depre￿ation At l Jarxjary 2024 Charge kYye8r On disposals and &1Smlnalhr At 31 2￿24 1.5e6,451 38,957 92,628 14.237 3,287.086 149.801 9&&J7 15,740 1,599,668 15,7401 3.411.147 1.704.616 106,863 Net book value$ At 31 Docemb8r2024 At 31 D￿[￿be[ 2023 1817.557 3.817.557 13T9.976 3.476,5&3 2.779,484 99,6$4 118.684 45,￿2 36,364 10,121.993 7,449,188 All 5pecialised land and buildings are freehold. Non specralised land and buildings comprise freehold and long leaSeh￿d propwues. The Sacrlsty al Mayfield Chap61 Included in specialised land and Ixjildings is held on a 999-year lease, and has a net book value of £nil. Under previous Generalty Accepted Accounb'ng Practice. freehold land and buildings purchased prior to 1996 were held at a book value based on a ttuslees, v21uation made in 1996 based on replacement cost for existing use. As permitted under the Iransilional provisions of FRS102 {se¢lion 351.. the charity has elected to use these valuations a5 deem cost. The remaining properties and other tangible fLxed assets are held al cost less accumulaled éeprecialion where applicalAe. Socigty of the Holy Child Jesus CIO 49

Notes to the accounts Year ended 31 December 2024 11 Tanglblè flxèd assèts Icontinuedl It is likely that there are material drfrerer￿e$ b8hv88n the O￿n markol values of the charity's land and buildings ané their book values. These arise from the specialised nature of some properties and the effects of infi2b'on. The amount of such dffierenrks cannot be as¢ertained thoul incurr(ng signfficanl costs. which. in the opinion of thjslees, is not juslif18d in terms of the ben&fft to the users of the acLounts. Certain of the freehold land and buildings are subiecl to restrictive covenants in relation lo thèir fLrtur6 disposal. The cbarity has title to a number of unique religious artefacts induding statues and palnllngs which fomi part of the herrtage of the Society and which the charity intends lo presorve for lure gengralions of Sisters. One of the princrpal objectives of the charity is "lo support the religious and other charitable w0￿S cwrMd on by Society and its members". As such, the assets meet the definltion of herrtage assets in the Charities SORP FRS 102 and are not valued for the purposes of these finanryal statements. Details of speGrfic items aro not g(ven for security reason8. 12 Investments 2024 2023 Listed invesfments Unlisted investsnents . COIF dep￿tfUnd 89,724A42 86,969,960 12,994,479 13,990,409 102,718,921 100,960,369 2024 2023 Llsted Investm?nt8 Fair Imarkfrtl valuo at 1 Janu￿ 2024 Additions Dispcsals Iprocaeds: f23,125.313,' reallsed gains.. £S)7,95811 N81 untsalls8d Inv8Stmènt galns Fair Imgikell value at 31 De¢ember2024 85,795,113 81,627,922 14.856.337 17,261,026 122,617,3551118,672.6511 6,441.009 5.578,816 84,475,104 85,795,113 Cash held by Invesbnent managers for relnvestment S,249,338 1,174,847 89,724,442 86,969,960 Cost of Ilsted investments at 31 Decemb￿2024 72A48.327 78,672,960 Listed investments (exduding cash hdd by investment managers for ￿l￿veStMent) held al 31 December 2024 comprised the followng: 2024 2023 Listed invesbnents- UK Listed InveStm￿ts- C￿erseaS 27.287.399 31,057.297 57,187,705 54,737,e16 84.475.11M 85,795.113 Society of the Holy Child Jesus CIO SO

Notss to the accounts Year ended 31 December 2024 12 Invgstmgnts (continued) The following hdding represented a material holding ￿en compared to the total portfollo valuation at 31 Decetnber 2024.. Percentage Market value portrollo SarasSn Cllmate acdvè &KkJk¥ments ftjnd dass A 32,070,469 38.0 I Ilsled investments were dealt In on a re¢ognised stock exchange. 13 Debtor 2024 2023 InYestm8nt income and iFKome tax reLa)vera￿e CaTe home fees receiv Other debto Legal and professlonal fees In res￿10 fvknre bulldlrrfJ pr (see below) Prbpaym8nts 140,457 47,930 863 112.213 36,511 1,665 950,584 11,395 1,112.368 75.921 265,171 Legal and professional fees induded above relate to feasibillty, architect's and Similar fees paid in connection with the planned building ané refurbishment work to th8 charity's care home. The fees were c*prt2lised on the (x)mmencement of the project. 14 Creditors 2024 2023 Amounts falllng duo within on¥ yoar Monies administered by Ihe charity on tehatf of IThji￿￿Ual M￿tse[s of the Soctety Care h(Mne fees rv¢￿¥9{1 in tharKe Acctuals and expgnse creditors 259,394 5,338 298,127 562,859 275,￿1 58,602 340,201 674,T34 At 31 December 2024 there We￿ no grant (¥editor5 i￿t the charity had committed to fund further donations totalling £286,280 (2023: £828,￿) which are payable on the satisfaction of certaln ¢ondilions. Society of the Holy Child Jesus CIO 51

Notss to the accounts Year ended 31 December 2024 15 Restricted funds The funds of the thartty [r￿Ude re$triGted fvnds comprising the followtng amounts lo be applied for specrfic purposes- At 31 Docember 2024 1 January 2024 Incom• Expendliuro Galns Comella conn￿￿ Fund 45,000 45,000 145.0001 145,000 Al 31 December 2023 1 January 2023 ExpeThlitwv G8ins ComelAa Connelty Fund 2,2TI.OTT 2,271.071 25,969 25,969 (2.321,54 (2.321,547) 69,￿1 69,￿7 45,OOQ 45,000 The Cornelia Cor)nelly Fund was preVi￿$1Y a separate charity, aéminislered by the same trustees as the Society of the Holy Child Jesus Charitable Trust. Durlng 1998 permlsslon was Sought and given by the Charity Commissioners under Section 96161 Df the Charities Act 2011 for the accounts of the tsyo charities to be combined, on the condition that the Comelia Connelly Fund remain as a separate fund within the accounts of the main charity, restricted lo the charitable purposes set out in the or￿Sna] trust deed of the C(￿￿ella Connelly Fund. being 'such educational charitable purTX)ses as advanc* the educational charitable work for the lime being carried on in any part of the wodd by or under fhe direction or with the support of the European Province.. 16 Designated funds The income funds of the charfty include the following designated fvnds which have been sel aside out of unreststcted funds by the tnjstees for specrfic purFM)ses'. At 31 Utillsedl Docombgr releas8d 2024 January New 2024 de$lgnations Society strateg￿ Plp4) fund . R£knrarn￿lfUnd for supp)rt clthe AfrKxn Provinc . Support ofgoals . Society plan 202 Propety de¥ek)p￿ and rdwbishmwrt fund Grants reserve Retire￿nt reserve 9,922,628 1317.510 827A46 11,989,037) 8.761,037 1724,9321 1.592,578 6.788,673 6.788,673 14785.745 2.000.1Th)0 11,828,904) 14.956,841 30.095.857 824,634 1920,4911 30,000.000 28.344,764 11,539A521 26,805,312 85,466,504 10,440,753 (7,002,816) 88.904441 Society of the Holy Child Jesus CIO 52

Notas to the accounls Year eTrJed 31 December 2024 16 Deslgnated funds (continued) At 51 Utlllsed/ DeG8mber leas&GI 2023 Aty Jantory New 2023 de￿n8)iOnS Soclèty Strè18gNc Plan fund . R8tir8m8nf ftjnd fOrSup￿ ofthe Afr￿￿￿ . Supwt ofgoals 8.9C13.C140 4,664,183 5.857,191 29.919.633 30.431.578 79.TT5,625 1.019.588 9,922,628 (2,346,673) 2.317,510 12,24Q638 {3,318,084J 14,785,745 I,OT4.524 (898,3001 30,095,857 (2,096,814) 28,344,764 14.340.750 (8,659,871) 8&466,504 R8tKemenl The Society Strateglc Plan fund represents man￿S designated by the trust8es 10 8UPPOrt the Inlemational work of the Congregation, indudin9 the implementation of Soclety-wide strategi plans. A new fttnd was designated during the year to provide fijnds for the Society plan for 202&30. The fund now has three elements.. The 'Retiremenl fvnd for tho support of Ihg African Province,, the 'Support of Goals., and 'Society plan 2025-30,. 11 is the intention Ihat these funds continue to be hdd until t￿Y ar6 requlred by the wider Congregation. Sisters and projects of the Society overseas wtll be able to apply for monies from the funds, bul these will be paid out only aft￿ successful due dili9ence and, thereafter, th8 Use of the monies will be monitored closely by the trustees. The trustees wtll review the Soclety Strateglc Plan fund and the charrty's financlal posltlon on a year by year basis. At 31 December 2024, £286,280 {2023.. £828,966) of Ihg SupF4)rt of Goals fund had been committed to specific proje¢ts. and becomes payable on satisfaction of certain conditions. The balance of th8 tund was £1,306,299131 December 2023: £2,317,510). The property development and refurbishment fund represents monies designated by the tnjstees to build and refurbish a number of the chari￿s freehold premises. On 16 September 2024 the Society entered into a contract lo develop and refurbish the property known as Apley Grange over 2.5 year5 for £13,592.420 exciusive of VAT. The grants reserve represents monies design*ed by the trustees for the charity's grant making programme. The retirement reserve represents MOn￿S designated by the trustees lo provide forth8 sisters in their reliremenl. It has been calculated using actuarial principles and is reviewed regularly by the Iruslees in the light of Ihe resources available and likely lo be required. Society of the Holy Chi5d Jesus CIO 53

Notes to the accounts Year ended 31 December 2024 17 Tangiblé lIx￿ assets fund The tangible fixed a$sel fund represents the net book value of the charit15 tangible fixed assets. A decision was made lo separdte this fvnd from the general fund in recognition of the fact that the tangible fixed assets are used in the day-to-day actNilies of the charlty. and Ihe fund value would not be easily realisable rf needed to meet future contin￿ncIeS. Total At 1 January 2024 Net wnovement in fhe year At 31 December 2024 7.449,188 2,672,805 10,121,993 Total At q January 2023 Net fflovgrnent In the ye At 31 D8cember2023 8,S38,318 1,1 89,130) 7,449. 188 18 Analysis of net assets between funds General Deslgnated Restrlrted funds nds nds Totsl 2024 Fund balances at 31 December 2024 are represented by: Ta￿1￿￿6 fixed assets Investments Net current assets Total not a$￿t¥ 10,121,993 13,814,480 88.904.441 980,779 14,795,Z59 99.02Q434 10,121.993 102,718.921 980.779 113.821.693 General D88Agnat8d R98tridod funds funds fvnds lotal 21f23 Fund b8lanGgS al 31 Decomber 2023 Sre represented by.. Tangiblo fixed assets Inveslnjents Nel Gurrfjnl 8ss8fs Tot&1 nèt assets 7,449,188 1&44&865 8&46&￿4 1,233.707 16,682,5T2 92,915,6WE 7,449,789 45.000 10CI,960,369 1,233,T07 45.0(X) 109,643,264 Society of the Holy Child Josus CIO 54

Notes to the accounts Year ended 31 December 2024 1B Analysis of n9t assets bgtwgen funds (continued) The lolal urrealised gains on listed investments as at 31 December 2024 ¢onstilule movements on revaluallon and are as follows= 2024 2023 Unreallsed galns Included above: On invostrngnts Total unr•allsed galns at 31 D8e•mb•r2024 12.028,777 12,026,777 7.122,153 7,122,153 Rgwidllatlon of movwm8nts In unrgallwl g￿n• Unrealised gains at 1 January 2024 In respect tr) dlsposals In the perfod 7,122.153 2.870.577 11,536,385) 11,327,240} 5,585,76B 1,543,337 6,441,009 5,578.816 Add: g81ns arf8iTrJ on rev8lu8tion 8Ti8ir¥J In th8 Total unreallsed g￿n$ * 31 December 21124 12,028,777 7,122,153 19 Operatlng lèase commliments Al 31 De￿rnber 2024, the charity had frrture minimum commitmevts in respect to non- cancdlable operating leases as ftdlows: 2024 2023 L•nd •nd Iwllding$ Payments whth frdll due: . Wtthin (w year . Within bwo to five years 10,575 13,500 3,375 16,875 10,S75 2024 2023 Equipmènt Payments which fall du&: - Wthin one year . Wsihin two lo ftve yeaT8 . Over fve years 61620 179,093 104,841 346,354 63.490 191,197 141,47 396,163 20 Capltal commltments 2024 2023 Authorlsed by the buslees and contrdcled for 15.437.594 SOc￿ty of the Holy Child Jesus CIO 55

Notes to the accounts Year ended 31 De¢ember 2024 21 Ultlmate control and Ilablllty of member The Provlnce Leader of the Congregation for the lime being shall automatically, by virtue of holding that office, be ex officKI the sole member of the CIO. The sole memb8r is responsible for the appointment of the trustees. If the CIO is wound up, the mernber of the CIO has no liability lo contribute lo Its assets and no personal responsibilty for setding its debts and liabilities. 22 Connected Charfty and related party transaclions Amounts éonaled lo the charity during the year by the trUSt￿S aro disclosed in note 9. There are no further related party transactions rBquirTng disclosure12023: none). 23 Post balance sheet events Since the year end, on the 61h February 2025, the charity complelod the sale of Stone House in Mayfield, Sussex, for £515,000. The propety was helé at a net book value of £99,667. Swety of the H(Ay Child Jesus CIO 56