Charity ragistralion number.. 1179823
Comboni Missionary Sisters CIO
Annual Report and Financial Statement$
for the Yaar Ertded 31 December 2024
MG Audit Servi¢es Itd
Chartered Accountants & Registered Auditors
166, College Road,
Harrow
HA1 IBH

Comboni Missionary Sisters CIO
Contents
Reference and Administrati￿ Details
Trustees, Report
2to7
Statement of Trustees. Respon$ibilibes
Independent Auditors. Report
91012
Statement of Financial Activib"os
13to14
Balance Sheet
Notes to the Financial Stslements
161025

Comboni Misslonary Sisters CIO
Reference and Administrative Details
Chairnian
Sister Laura Lepori
Tru$tses
Si$ler Angela Colombi
Sister Maria Magdalena Barragan Zermeno
Sister Letehimanot Beraki Mekonen
2 Chiswick Lane
London
W4 2JF
Principal Offic•
Charity Registration Number
1179823
Sollcltors
Druces LLP
Salisbury House
London Wall
London
EC2M 5PS
Bankèrs
Royal Bank of Scotland
62-63 Threadneedle Street, London EC2R 8LA
MG Audit Services Itd
Chartered Acc¢unlanls & Registered Auditor$
166. College Road.
Harrow
HA1 IBH
Auditor
Page 1

Comboni Missionary Sisters CIO
Trustees. Report
The Iruslees prèsent the annual report togèther with the financial statements of the charity for the year
ended 31 December 2024.
Oblèctiv•s and activities
Objects artd aims
The main aim of the Comboni Missionary Sisters CIO in England and Scotland is to support the elderty
members of the Order.. give the oppertunity to Comboni Sisters to study I refresh their English so that they
may give a better service wherever they will bè appointed., and share wrth the local Church in UK the
mi$sitsnary experience they have. In this way, they contribute lo thè local religiouslsocial activities of the
Parishes where they live and sustain the charitable work carried out by members of the Order. mainly in
health, education and pastoral work.
The Order. whi¢h has its headquarter in Rome, is committed to the spread of the Christ18n message
parti¢ularly where Chrisl is not known. Its members give attentitsn to the spiritual and human development
of the people they livè with. Special attention 1$ given to the poor and needy règardless of theii ethnicity
or religitsn in the vision of Sl. Daniel Comboni, for whom every one of every race and pla¢e is a brother tsr
sister to be welcomed wrth great respect.
The Order also has an obligation to provide care lor its mèmbers. none of whom have resouTce5 of their
own. As the age prgfile increases so does the need to provide care for the elderly Sisters, both in UK and
Italy. These Sisters have given their lives and talents to the sharing of the Good News through various
ministries and now. they themselves, need care.
Page 2

Comboni Missionary Sisters CIO
Trustees. Report
Objectives, strategies and activities
e Combonl Sl
d work in:
afrioa Central African Republi¢, Cameroon, Chad, Congo, Egypt. Ethiopia. Erilrea, Kenya, Mozambique,
South Sudan, South Africa, Togo, Uganda, Zambia
Brail, Costa Rica, Ecuador, Mexico, Peru, Haiti. USA
*4¥id Israel, Jordan, United Arab Emirates and Sri Lanka
Ell￿02 UK, Italy, Portugal. Spain
In
hè
. England and Scotland
The Sisters working in different parts of the world depend on the Order General Council and not on the
Si5ter5 in the UK. Individuals or Parishes or Groups may desire to help in the missionary work and they
may send a donation. The Comboni Sisters are not financial￿ involved with any group andlor agency on
the above menli¢ned countries. The Sisters In UK are a bridge between Benèfaelors and the Sisters
working in different areas of the world.
The number of Comboni Missionary Sisters worldwidè is 956 at the end of December 2024. There are 28
Postulants and 11 Novices.
In the UK on December 31 st 2024, there are 10 Sisters in England and 4 in Scotland. They come from
UK. Ireland, Errtrea, Ethiopia, Portugal, Italy. Mexico. Sudan.
Diversity of culture, age, education and background is an opportunity lo wi(ne8s oneness in God and to
educate ourselves lo live out and to value diversty.
The Comboni Sisters in England and S¢olland welcome the Sisters ol the Order when they come to
refresh iheir English language. lo upgrade their professional skills or for a period ol spiritual renewal to
better serve the people wherever they will be assigned by our General Leader and her Council.
Page 3

Comboni Missionary Sisters CIO
Trustees, Report
Formation
The Comboni Missionary Sister$ in tha UK have contributed spècifically to the field of formation with
£3.470 for Sisters. formation and spiritual accompaniment
. £3,328 lor the Annual RelTeal for the Si$ters, a week of silence and prayer Trmth the Lord
£2,427 for membership in organizations such as RLSS. Religious knfe Safeguarding Service, and CSSA,
Catholi¢ Safeguarding Standards Agency and thè Association of Provincial Bursars.
In addition. the Communits'es in the UK give room I board and support lo the Comboni Sisters who Come
to the UK from other Province5 for a time of spirilual renewal andlor for learning I refreshing the English
language before returning or going for the first lime to the Missions.
The Sisters have been maintaining personal contscl with people they know through phone ca115 and.
when possible visits, to alleviate a sense of solitude people experience due to health and psychological
silualions.
Participation in the life of the Parish has been carried on. Whenever it was possible, the Sisters have
been attending the Celebration ol the Eucharist. Adoration and some other pa$loral activities.
Three Si5ter5 have a twice weekly commitment with parishioners after moming Mass where they lakè the
opportunity to listen and support them.
Voluntary WOTk with the elderly, homele5sllmmigrants and Refugees continues. A Sister. who is home
bound, continues to be in lou¢h with many people Ihrou9h telèphone and online rninistry to offer her
support and prayer.
Another Sister goes ￿lce a week lo volunteer in Aclon Homeless Project. She is involved a group of
refugee women. She listens to them and helps w4th the distribution of clothing. Above all, what helps the
most, is staying with them and listening to their stories, theif suffertngs and their hopes. The$e women are
from different cultural and ￿ligIon backgrounds.
In ctsllaboration with the JRS (Jesuits Refugee Servicel a Sister of Ethitspian nationality. is in contact,
online. with an Ethiopian group. Knowing the lan9uagè, the Sister can relate lo the people in a spe¢ial
way by understanding and directing them. whenever possible, lo the right agency or institution.
One Sisters Is available for service at the Caritas Bakhita's House. When shé is called she helps the
imrnigrant women through listening and supetvising. It is a very delicate and important service given to
women and children who find themselves in a particular and very sad situation.
The same Sister 15 responsible for Mission Appeals." an opportunity to make Christians aware of their ¢all
lo celèbratè God's life in each person. to promote the Gospel proclamation and collaboration within the
Catholic Church around the wgrld. Usually parishes welcome this sharing which is an opportunity to hear
the global mis$ion of the Church and participating into rt.
Page 4

Combonl Missionary Sisters CIO
Trustees, Report
All the Sisters, in thÈir dealings with people. friends and parishion•r$, share the experiences they have
lived in other countries, raising awareness of different Situations. cultures, realities of women. refugees
and human trafficking.
The Sisters, house is o
ntoth
ublic for..
Weekday Masses.. usually on¢e a week depending On the availability of the Prièst
Yearly Celebrations such as Comboni's Oay. Open House Day, Bakhita's Day and Anniversary
Celebrations.
Individual encounters with peopFe
Individual prayer
Encountering pèoplè at a personal level and praying together in OUT chapel has a positive effect on
people's lives and on our own.
r for all
A5 Comboni Missionary Sisters we gather daily for prayer in the Chapel. We do not pray only for
ourselves but also for the entire world. Thus, in our prayer, we present the situation of eaeh pèr50n lo the
Lord and pray for peace and wellbeing for all. We present to the Lord the suffering of people who havè
Ond are endurin9 the pain of war. We pray al$¢ for all the people who are involved In a peace making
process.
Al Chiswck. wé h8ve a Centre for Spirituality and Mission, called Combgni Centre
A Sister is particularly dedicated lo promote the C¢mboni Mission Spirituality in UK which includes the
values of universalty. tolerance. respect of differences, human dignity for everyone and awareness of the
preciousness of humankind and creation.
Other Sisters help and they do this by
slening lo people during ￿r$O￿al encounters
Leading groups and individuals into prayer life and church involvement
Supporting ytsung couplès through monthly gitsup sessions. This year. the Alpha Children Parenting
Course was much appreciated
Forming Missionary Prayer Groups to reach out wrth prayer and social a¢tion also with the help of lay
people.
Facilitating Monthly Retreats for all ages
Visicing Parishes in the Diocese lo promote mission awareness
• Or9anizing projects to support the Comboni Sister's missiony abroad.
The commitment of a semess and invaluable servsce is shown in a very practical way in the lay volunteers
at the Cenlre. More lay people got involved with helping the si$lers lo organize and pa￿'cIpate In the
vanous activities and events that support our charitable work.
Page 5

Comboni Missionary Sisters CIO
Trustees. Report
The activities and events during thè year 2024 had a gfeal impact in Community building. The Comboni
Centre organizèd events in our Parish, Our Lady of Gr?¢e and St Edward, Chiswick. On& of these was Its
support thè Diocesan Secondary School Sl. Jo$&ph in Gidel, Nuba Mountains.
SCOTLAND
Our Sisters, residing in the Parish of St. Paul's, Foxbar, Paisley, entered the year 2024 continuing and
consolidating their contacts in the p8ri$h and with the people in liturgical and social aCtiv￿e5. Each sought
to extend activities to include WOTk among migrants and those with learning difficulties.
The Si$ter$ organised and carried out mi55ion appeals covering 19 parishes in Glasgow Archdiocese and
Motherwell Diocese. The appeals arè allocated by Mission Scotland. The Sisters distribute the quarterly
Comboni Mi58ion$ magazine and Comboni Mission calendars as a means of keeping ¢ontact with friends
of the Comboni family and as a form ol missionary awareness and fundraising.
Members of the Comboni Community also attended rneetings ol Safeguarding, the Conference of
Religious in Scotland, the Parish Council. and social events for fundraising.
However, towards the middle of the year, the possibility Ihat the Parish would be closed became evident.
At fir31. the St. Paul's Parish Council met to discuss ways of saving the parish. or using the facilities
diversely in order to keep the presence of the Catholic community in the area. All was in vain and the last
Holy Mass was celebrated on 31st August of 2024 followed by a farewell party in the parish hall.
Meanwhile, the bishop ol Paislèy Diocese indicated to the Sisters that they were welcome lo remain in the
dio¢e5e and could relocate to the parish house of Holy Family PaTrsh, Port Glasgow, Inverclyde. a
distance of around 14 miles wesl of Paisley. The Community belongings were packed and thé Comboni
Community lèft their Foxbar home on 10th September and moved into the new premises which had been
visited and judged suitable $t>me weeks before.
From Port Glasgow the Sisters continued the commitrnents they had undertaken,. one Sister continued to
help migrants at the Jesuit Cenlre, GI859{￿, and do Night Pastoring Oncè a month. Another Sister
conts'nued lo help al thè Wayside Centre in Glasgow, giving meals to homeless and unemployed, the
elderly and immigrants. Another Sister began lo make acquaintances with thè parish priest and
parishioners of both parishes namely Holy Family and St. Franci5 of Assisi. And another has kept contact
with St. Paul's Primary School by helping the choir, and by wsiting the Handi¢raft Group in their new
meèting place.
Financia
•Nice
The Comboni Missionary Sist•rs shared of their Income £7.600 with the Elderly Sisters in Italy for their
wellbeing and £5,909 as a contribution lo the General Administration. Rome. and Casa Madre Fityrentina,
Vèrona, a medical centre for the Sisters who return from the rrissions and need medical care.
Donations received for a mission are sent to our Mission Proctjre in Rome and from therè fo￿arded to
the missions to support the social, humanitarian and Christian activities our Sisters Carry out in different
parts of the world. The beneficiaries are children, young girls and boys. women and larnilie5. The Sisters
give attention lo sick people and it is a true challenge to help them when they may need medical
assistsnce. In the midst of all this support, It is energizing to know that some local people, like doctors or
teachers. give an invaluable ¢ontribution to better the condition ol thèir own people.
lo
Thè Comboni Missionary Si51ers' part-lime emplo
ee in Chiswick is paid a Liwng Wage salary.

Comboni Misslonary Sisters CIO
Trustees, Report
The trusteès confirm that they have complSed the requirements of sèction 17 of ihe Charsties Act
2011 to have due regard to the public benefit gLtidance publishèd by the Chanty Commission for England
and Wales.
Financlal r•vi•w
Thè income for the PÈTtod lotslled £278,297 1£243.974 in 2023) and after dÈducling expÉnsÈs of
£284,999 1£307.148 in 2023. Tha Charity also has unrealised gain on investment assets of £121,143
1£106.887 in 20231. The Charity had a net surplus of £112,441 (£43,693 in 20231. Further informat¢on is
available in the statement of finandal activities.
Pollcy on reseryes
Thè Trustees are satlsfied with the firjancial posilion. RèsÈNèg are at a level which is eonsideTed
sufficient for Ihtr Charity to fulfil its obll9ation$ for al least a year.
structure. gov•rnance and management
Nafurt of goyeming doeum•nt
Comboni Missionary Sisters CIO Ipremously known5 as Mi5SK)nary &sters of Veronal ¢ommen¢ed on 05
S¢ptembeT 2018 and is registered with the Charity Commis$ion, Charity Registratlon No. 1179823 in
England and the Scotii$h Charity Regisier, Registration nuffjber SC048759.
Organisational stmetur•
The Charity ha5 four Iruslee5 appointèd by tha Superior General of the otil8r.
The promnce is administered by the Provinci81 Superior Sister Laura Lepori, she is supported by the
trustees
Major risks and management ofthts5e risk$
The tiustees have a dity to identfy and review the risks to which Ihe charity is exposed arsd lo ensure
appropriate controls are in place lo provide reasonable assurance against traud and errol.
The Trustees h3ve conducled Iheir own ieview of the major risks to which Ihe Charity is exposed and
systems have been establlshed to rnitvJate those risks. The58 Systems are per￿dIcallY fevlwfvd to
ensurè thal they still meet the needs ol the Charity.
The annu¥ report was approved by the Iruslees of Ihe charlty on¢l-lo.: lol s and signed on its behalf
by..
Sister Angela
Tru51ee
olombi
Pagg 7

Comboni Missionary Slsters CIO
Statement of Trustees. Responslbllltles
The trustees are responsible for prepaiing thè tfUStees' report and the financial statements in 8wordanee
with the United Kingdom Accounting Standards (United Kingdom Generally Aecepted Accountin9
Practice) and applicable law and regulations.
Thè law applicablè to ¢h81itiès requires th¢ trustees to prepare financ4al statements for each financial year
which givè a true and fair v4ew ol the stale of affairs of the charity and of thè incotning resources and
appliGg1ion ol resources of the charity for Ih8t period. In prepar¢ng these financial statements, the Irustee5
are required to..
select suitable acLounting pollaes and then apply them con¥islently'.
observe the methods and princlples in the Charities SORP.,
make judgèments and estimates Ihat are reasonable and prudent.,
statè whether applicable accounts.ng standards have been followed. subj￿1 lo •ny matefial departures
disclosed and explained in the financial statèments,. and
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that
Ihe Charity Trfyill continue in business.
The trustees are responsible for keeping proper accounting re(￿rdS that dSsdose with reasonable
accuracy al any I'me the finanual position of the charty and enable them to ensure that the financial
statements comply with the Charities Act 2011. the applirAblè Cha￿tieS (Accounts and Reports)
Regulation5, and the provision5 of the constitution. The trustees are also responsible 10153fgguaiding the
assets ol (he charrty and hence for taking reasonable steps for the prèvention and detection ol fraud and
other irregularities.
Approved by the twslees of the charity on 01.10-lo2*nd signed on ils bphalf by..
Si51er Angela
Trustse
olornbi
Page 6

Comboni Misstonary Sisters CIO
Independent Auditorfs Report to the Members of Comboni Missionary Sisters CIO
Opinion
Vve have audited the financial statemènts of Comboni Missionary Sisters CIO (the 'charity'l for the year
ended 31 December 2024, which comprise thè Statèment tyf Financial Activrties. Balance Sheet, and
Notes to the Financial Slalemenls. including a summary ol significant accounting policiès. The financial
reporting framework that has been applied in their preparation is United Ki'ngdom Accounting Standards,
comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland, and applicablè law Iunited Kingdom Generally Accepted Accountin9 Practice).
In our opinion the financial statements".
give a true and fair view of the state of the charty's affairs as at 31 De¢wrber 2024 and of ils results
for the year then ended",
have been properly prepared in accordance wrth Unitèd Kingdom Generally Accepted Accounting
Practice".
have been prepared in a¢cordan¢e with the requirements of the Charities Act 2011.
Basis for opinion
Vve conducted our audit in accordan¢e with International Standards on Audth'ng IUK) IISAS {UKII and
applieablè law. Our responsibilib'es under those standards are further described in the Auditor's
responsibilities ltsr the audrt of the financial statements section of our report. We arè Independent of the
hanty in accordance wth the ethical requirements that are relevant to our audit of the financial
statements in the UK. including the FRC'S Ethical Standard, and we have fuffilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtainèd Is sufficient and appropriate lo provide a basis lol our opinion.
Con¢lu$ion$ relating to going concern
We have nothing lo report in respect of the following maiters in rèlation to whi¢h the ISA5 IUKI ￿qUIre u5
to report to you wherè..
the trustees use of the going concern basis of accounting in the preparation of the financial statements
is not approprialtr, or
the truslees have not disclosèd in the finan¢i31 stslemenls any identified material uncertainties that
may ca51 significant doubt about the charity's ability to continue lo adtspl the going concern basi5 of
accounting for a period of at least twelve months from the date when the financial statements are
aulhorised for issue.
other inforniation
The trustees are responsible for the other information. The trlher information comprises the information
included in the annual report. Qlher than the financial statements and our auditor's report thereon. Our
opinion on the financial statements does not cover the other information and. except to the extent
otherwsè explicitly slated In our report. we do not express any form of assurancè Conclusion Iherèon.
Page 9

Comboni Mlssionary Sisters CIO
Independent Auditorfs Report to the Members of Comboni Missionary Sisters CIO
In connection wth our audit of the f￿n8n¢la1 statements, our responsibility 1$ to rèad the other inlormalion
and. in doing so. consider whether the other information Is materially inconsistent with thè financial
ststements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we
identify such material inconsistencies or apparent material misslalemenls, wè are required lo detèmine
wheth&r there is a material misstatement in the financial statements or a material misststement of the
other information. If. based on the work we have performed, we conclude that there is a material
misststernent of this other information, we are required to report that fact.
We have nothing to report in this fegard.
Matters on which we are required to r•port by exception
In the light of our knowledge and understsnding of the charity and ils environment obtained in the course
of the audit. we have not identified material misstalemen15 in the Trustees, Report.
We have nothing to report in respect of the following matters where the Charibes Act 2011 requires us lo
report to you if, in our opinion..
adequate accounting records have not been kept. or returns adequate for our audit have not been
received from branches not visited by us". tsr
the financial statemenlg are not in agreement with the accounting fe¢ord$ and returns., of
ertain disclosures of trustees remuneration specified by law ¥re not made., or
we have not received all the information and explanations we require for our audit.
R•sponsibiliti•s of trustees
As explained mtsre fully in the Statement of Tru$tèes' Responsibilities Isel out on page 81. thè tnjstees are
responsible for the preparation gf the financial statements and for bein9 satisfied that they give a true and
fair view. and lor $u¢h internal control as the Iruslee5 dètèrmine is necessary to enable the preparation of
financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial $tatements, the trustees are re3ponsib1e ftsr assessing the charity's ability to
¢ontinue as a going concern. disclosin9, as applicable, matters related to going concèm and using the
going concern basis of accounting unless the trustees either Intend to liquidate the charity or lo cease
operations. or have no realistic alternative but to do 59.
Auditorfs r6sponslbilities for the audit of thè financSal statements
Otjr objectives are to obtain reasonable a55uran¢è about whether Ihe financial Statements as a whole are
free from material misstatement, whether due lo fraud or error. and lo issue an auditor's report that
includes ¢ur opinitsn. Reasonable assurance 15 a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists.
Misslalem&nl$ ¢an arise from fraud or erior and are considered material if. Ind￿vidUallY or in the
aggregate, they could reasonably be expected to influence the economic deei$ions ol users taken on the
basis of thesè financial ststements.
As part of an audit in accordance with ISAS IUKI, we exercise professional judgement and maintsin
professional sceptiC151n throughout the audit. We also..
Page 10

Combonl Missionary Sisters CIO
Independent Auditor's Report to the Members of Comboni Misslonary Sisters CIO
Identify and assess the risks of matèrial misslalement of the financial statements, whether due to fraud
or error, design and perfomi audit procedures responsive t¢ those risks. and obtain audit evidence that
1$ sufficient and appropriate to provide a basis for our opinion. The risk of not dele¢ling a material
misstatément resulting from fraud is higher than for one resulting from error, as Iraud may involve
collusion, forgery. intèntional omissions, misrepresentations, or thè overridè of internal control.
Obtain an understanding of internal ￿ntrol relevant to the audit in order to de$i9n audit procèdure$
that are appropriate in the circumstances, but not ltsr the purpose of expressing an opinion on the
effectiveness of the charity'$ internal control.
Evaluate the appropr¢ateness of accounbng policies used and the reasonableness of accounting
estimate$ and related disclosures made by the trustèès.
Condude on the appropriateness of the trustees use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the charity's ability lo continue as a going concern. If we
conclude that a material uncertainly exists, we are required to draw attention in our auditor's report lo
the related disclosures in the finanaal statements or, Il such disclosures are inadequate, to modify our
opinion. Our eon¢lusion5 are based on the audit evidence obtained up lo the dale of our auditor's
report. However. future events or conditions may cause the charity to cease to continue as a going
concem.
Evaluate the over311 presentslion. Structure and content of the financial slalemenls. including the
disclosures. and whether the finanaal statemènts represent the underlying transactions and events in
a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entitie$ ¢r
business a¢livitie5 Wlthin the charity to express an opinion on the financial statements. We are
responsible for thè direction. supervision and performance of the charty audit. We remain solely
responsible for our audit opinion.
We communi¢ale with those charged with governance regarding. amtsng other matters. the planned
scope and timing of the audit and significant audit findings, including any significant defi¢ien¢ie5 in
internal control that we identify during our audit.
Us8 of our r•port
This report is made solely lo the charity trustees, as a body. in arKordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our work has been undertaken $0
that we might State to the trustees those matters we are required lo state lo trustees in an auditors, report
and for no other purpose. T¢ the fullest extent pemiitted by law, we do not accept or assume
responsibility lo anyone other than the charity and its trustèes as a body, fol our audit work, for this report,
or for the opinion$ we have foimed.
Page11

Comboni Missionary Sisters CIO
Independent Auditor's Report to the Members of Comboni Missionary Sisters CIO
Othèr mattér
The financial statements for tl)è yèar ended 31 December 2023, forming ¢orresponding figures for the
year endèd 31 Deeember 20
are unaudited.
Gavin Fern
Senior Statutory Auditor)
For and on behalf of MG AL¢dit Services Ild, Stslutory Auditor
166, College Road,
Harrow
HA1 IBH
Date..
Page 12

Comboni Misslonary Sisters CIO
Statement of Financial Actlvltles for the Year Ended 31 December 2024
Unrestricted
fund$
Re$trlcted
funds
Total
2024
Note
In¢ome and Endowmonts from:
Donations and legacies
Investment income
Other incomè
94,644
120.736
60,915
94,644
120.738
60.915
Total incorne
276,297
276.297
Expenditure on:
Charitable activities
Other expenditure
Total expÈndilure
Net gain on investment assets
1266,8521
18,147
1266.8521
18,147
1284,999
121,143
284,999
121 143
Net movement in funds
112,441
112,441
Reconciliation of funds
Total funds brought fO￿ard
4,372,498
40,496
4,412,994
Total funds carried forward
4,484,939
40.496
4.525,435
Unr•¥tricted
funds
Unaudited
Restricte
funds
Unaudited
Total
2023
Unaudited
Note
Income and Endowments from:
Donations and legacies
Invéslmenl income
Other income
82.989
117.990
42,995
82,989
117.990
42.995
Total income
243,974
243.974
Expenditure on:
Charitable activities
Other expenditure
Total eX￿ndItUre
Net gain on investment assets
1304.4411
12.707
1304.4411
12.707
1307.1481
106,867
1307.1481
106,867
13
Net movernent in funds
43,693
43,693
Reconciliation of funds
Total funds brought forward
4.328.805
40,496
4,369,301
Page 13

Comboni Missionary Sisters CIO
Statement of Financial Actlvities for the Year Ended 31 December 2024
Unrestricted
tunds
Unaudited
Restri¢t•d
funds
Unaudited
Total
2023
Unaudited
Nota
Total ftJnd$ carrièd fonNard
4,372,498
40.496
4,412.994
All of the charity's activities derive from Continuing operations during the above periods.
The fund5 breakd¢)wn for 2023 is shown in note 10.
Page 14

Comboni Mlssionary Sisters CIO
{Registration number.. 11798231
Balance Sheet as at 31 December 2024
2013
Unauditsd
2024
Note
Fixed assets
Tangible assets
Invèstmen15
1.115,167
2.503.264
1,142,629
2.402.121
12
3.618.431
3.544.750
Cuwrent a588ts
Cash al bank and in hand
922,142
115,138
888.478
reditor5-. Amounts falling duo wlthln one year
Nvt current assets
20,234
907.004
868.244
Not assèts
4.525.435
4.412.994
Fund5 of the chartty:
Rostrlcted fund$
40.4
40.496
Unrestricted income fund•
Desiun2kd funds
General lunds
4,081,904
290.594
4.484,939
Total unreslrtled fvnos
4.484,939
4,372.498
Totsl funds
10
4.525.435
4,412,994
The financial s
tements on pages 13 to 25 were appro￿ by th8 truslee$, and auihorised for i$su8 on
signed on their behalf by..
Sister Angda
Trustee
olombl
Page 15

Comboni Missionary Sisters CIO
Notes to the Financial Statements for the Year Ended 31 December 2024
1 Accounting poli¢it$
Statement of ¢ompllane•
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Pra¢ti¢e applicabl8 to charities prepanng their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1
January 20191 (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Charities Act 2011.
Bas1$ Of pr•par4tlan
Comboni Missionary Sisters CIO meets the definition of a public benefit entity under FRS 102. Assets and
liabi111ies are initially recognised at historical cost or transaction value unless otherwise staled in the
relevant a￿oUntr.ng policy notes.
Exemption from preparing a ca$h flow Statèment
The charity opted to early adopt Bulletin 1 PLJblished on 2 February 2016 and have therefore not included
a cash flow statement in these financial statements.
Going concern
The Iru5tees consider that there are no material uncertainties about the charty's abilty lo continue as a
going wn¢ern.
Income and endowments
Voluntary Income in¢luding donations, gifts, legacie5 and grants that provide core funding or are ol a
general nature is recognised when the chanty has entiuement to the income, It is probable that the
income will be received and the amount ¢an be measured with sufficient reliability.
Donations and lega¢les
Donations and legacies are recognised on a receivable basis when receipt 15 probable and the amount
can be reliably measured.
Investment income
Dividends are recognised once the diV￿end has been declared and nolificalion has been received of the
dividend due.
Page 16

Comboni Missionary Sisters CIO
Notes to the Financial Statements for the Year Ended 31 December 2024
Expèndlture
All expendrture 13 Tecognised once there is a legal or construetive obligation to that expènditure, it is
probable settlemènt Is required and the amount can be measured reliably. All costs are allocated to the
applicable expenditure heading that aggrègate similar costs to that cale90ry. Where costs cannot be
directly attributed lo particular headings they have been allocated on a basis consislenl with the use of
resources and depreciation charges allocated on the ports'on of the asset's use. Other support costs are
alloealèd based on the spread of staff costs.
Charitsble activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its actiwties and
services for its beneficiaries. It includes both costs that can be allocated direcily to such activities and
those costs of an indirect natuitr nècessary to sUPPOrt them.
Support costs
Support costs include ¢entral function5 and have been allocated to activity cost categories on a basis
consisttrnl with the use of resources, for example, allocth'ng property costs by floor areas. or per capita,
staff costs by the timè spent and other costs by their vsage.
GoY•rnane• costs
These include the costs attributable to the charity's compliance wth constitutional and statutory
requirement5. including audit, strategic management and trustèès'$ meetings and reimbursed expenses.
T¥￿tion
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 tsf the Finante Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially èxempl from taxation respect of income or capital gains received
within categorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the
Taxation ol Chargeable G8￿nS Act 1992, to the extent that such income or gains are applied exclusively to
¢harilable purposes.
Tangible fixed assets
Individual fixed a5setS Costing £0.00 or more are initially recorded at cost, less any subsequent
accumulated dèpreciation and subsequent accumulated impairment losses.
Dopreciation
Depreciation is provided on tangible fixed assets so as t(> write off the cost or valuation. less any
eslimaled residual value, over their expected useful economic lrfe as follows."
Pagè 17

Comboni Missionary Sisters CIO
Notes to the Financial Statements for the Year Ended 31 Dec8mber 2024
Asset class
Depreciation mèthod and rate
Land and buildings are included in th$
a¢¢c)unt$ at cost or al the Tiustee's
valuation. The buildings are in
constant use In furtherance of the
order's charitable activities. and are
maintained Ic> a standard that ensures
that their residual value is not less
than their book value.
25QA of Nel Book Value
25% Straight Line Method ISLMI
Land & Buildings
Furniture, Fixtures & Equipment
Vehicles
Fixed asset investmènts
Fixed as5el investments. other than programme related invèstments, are included al market value at the
balance sheet date. Realised gains and losses on investments arè calculated as the drfferen¢e be￿en
sales proceeds and their market value at the start of thè year, tsr their subsequent cost. and are charged
OT credited to the statement of financial activits.es in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are ¢￿d￿ted
or charged to the statement ol financial activities based on the market value at the year end.
Trade debtors
Trade debtofs aTe amounts due Irom customers for mer¢handise sold or services performed in the
ordinary ctsurse of business.
Trade debtor$ are recognised initially at the transaction price. They are $ubsèquently measured at
amortised cost using the effective intèrest method, less provisitsn for impairment. A provision for the
impairment of trade debtors is established when thère is objective evidence that the charity will not be
able to collect all amounts due according lo the original terms of the Teceivables.
Ca$h at bank and In hand
Cash at bank and in hand comprise cash on hand and call deposits.
Fund strudure
Unrestricted income funds are general funds that are available for use at the tru51ees's discretion in
furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion tsf thè trustees.
Restricted income funds are those donated for use In a particular area or for specific purposes, the use of
which is Testriclèd to that area or purpose.
All receipts to the charity in both the current and previous year wer& unrestricted.
Page 18

Comboni Missionary Sisters CIO
Notes to the Financial Statements for the Year Ended 31 December 2024
2 Incom• from donation$ and 1oga¢ies
Unrèstriet•d
funds
Total
2023
Un•udit¢d
Totsl
2024
General
Donations and legacies.,
Donations from individuals
Legacies
Regular giving and capital donations
33.388
8,408
52,848
33.388
8.408
52,848
22.469
60,520
94,644
94.644
82,989
3 Investment income
Unrestricted
funds
Total
2023
Unaudited
Totsl
2024
General
Interest receivable and similar income.,
Interest receivable on bank deposits
Other investment incomg
Income from rents
49.820
35,638
35,280
49.820
35,638
35.280
83.437
34,553
120,738
120.738
117,990
4 Oth•r Incom•
Unrestricted
lund$
Total
2023
Unaudit8d
Total
2024
G•n•ral
Mission Appeals
60.915
60.915
42.995
Page 19

Combonl Missionary Sisters CIO
Notes to the Financial Statements for the Year Ended 31 December 2024
5 An•lysis of gov•rnanc8 and support Costs
Gov•rnan¢o ¢0$ts
Unrestricted
funds
Total
2023
Unaudited
Total
2024
G•nèral
Allocated support Costs
13,524
13,524
7,033
13.524
13,524
7,033
6 Trustees romun*r4tion and èxpènses
No trustees, nor any persons eonnècted with them. have received any remuneration OT benefits from the
charity during the year.
Trust•os' expenses
There were no trustées, expenses paid for the year ended 31st December 2024. nor for the year ended
31 $1 Dècember 2023.
7 Taxation
The charity is a registered charity and is therefore exempl from taxation.
Page 20

Comboni Missionary Sisters CIO
Notes to the Flnancial Statements for the Year Ended 31 December 2024
8 Tangible fixed assets
Furnitur¢
and
equipmont
Land and
buildings
Motor
vehicl•$
Totsl
Cost
Al 1 January 2024
Additions
1,500.000
50,069
8,394
4,995 1,555,064
6,394
At 310ecember 2024
1,500.000
56,463
4,995 1,561,458
Depreclatlon
Al 1 January 2024
Charge for the year
At 31 December 2024
383.000
27,000
45,689
5.607
3,748
1.249
412,435
33.858
390,000
51,298
4,995
446.291
Nat book valu•
Al 31 December 2024
1,110,000
S,167
1,115,187
Al 31 December 2023 Iunaudiledl
1,137,000
4,380
1,249 1.142,629
9 Creditors- amount$ falling due within one year
2023
Un•ud4tsd
2024
Other creditors
Accruals
6.858
8.280
15.998
4,236
15,138
20,234
Page 21

Comboni Missionary Slsters CIO
Notes to the Flnancial Statements for the Year Ended 31 December 2024
10 Funds
Balance at
31
Doe•mb•r
2024
Balanc* at
1 January
2024
Oth•r
Rosoure•s
recognised
expended gainslllo8¥0$1
Incoming
resour¢•$
Unrestricted funds
General
General Funds
4,372,498
276,297
1284.9991
121.143
4,484.939
R•$trictèd funds
Sisters Dowries &
Inheritance
40.496
40,496
Total funds
4,412,994
276,297
1284.9991
121,143
4.525,435
Balance at
l January
2023
Other
Incoming Resou￿￿$
recognisgd
•xp•nd•d Transfers gaIn￿{losses}
2023 {Un4uditedl
Unréstricted funds
General
General Funds
298,400
84.538
162.0171
{30,3271
Designated
Designated Fund
Total unrestricted fund$
4,030.405
159,436
(245,1311
30,327
106,867
4.328,805
243,974
{307.1481
106,867
Restricted funds
Sister5 Dowrie$ & Inheritan
40,496
Total funds
4,369,301
243.974
1307,148
106,867
Page 22

Comboni Missionary Sisters CIO
Notes to the Financial Statements for the Year Ended 31 Decembor 2024
Balance at
31 De¢emb¥r
2023
2023 Iunaudltedl
Unrestrictod funds
G•neral
General Funds
290,594
Designated
Designated Fund
Total unrestrictsd funds
4,081.904
4,372.498
R¢$trict*d fund$
Sisters Oowries & Inheritance
40,496
Totsl fund$
4,412.994
The General funds relate to a properties, maintenance and a ¢are fund together with a fvnd for
congregational and WOTldwide missions needs. Balance held in Designated Funds in 2023 have been
moved to General Funds.
Page 23

Combonl Missionary Sisters CIO
Notes to the Financial Statements for the Year Ended 31 December 2024
11 Analysis of ngt as$•ts bètwoen funds
Unrestricted
fund
Restrictsd
funds
General
Totsl funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
1.115,167
2,503,264
881.646
15,1381
1,115,167
2,503.264
922.142
115.1381
40,496
Total net assets
4,484,939
40.498
4.525.435
Unrestricted
funds
Re$triet•d
funds
G¢n•ral
Totsl funds
2023 IUnaudited}
Tangible fixed assets
Fixed ¥$set investments
Current assets
Current liabilities
1,142,629
2,402.121
847.982
120,2341
1,142.629
2.402.121
888,478
120,234
4.412.994
40.496
Total nel assets
4.372,498
40,496
12 Investment
Llstod
Unli5tsd
Total Value
Note
RBS Treasury
Lloyds Fixed Rale Oeposf(
Epworth Mults Asset Fund
Epworth Climate s￿eardshiP Fund
150,000
350,000
150.000
350,000
1.510.509
492,755
1,510,509
492,755
2,003.264
500,000
2,503,264
Page 24

Comboni Missionary Sisters CIO
Notes to the Financial Statements for the Year Ended 31 December 2024
Li$tsd
Unlistod
Total Valu¥
2023 (Unaudited)
RBS Treasury
Lloyds Fixed Rate Deposit
Epworth Mulli Asset Fund
Epworth Climate Stweardship Fund
150,000
370,000
150.000
370,000
1.430.548
451,573
1,430.543
451.573
1,882,121
520,000
2.402,121
13 N•t gain on inv•$tm•nt assets
Llstsd
Unlisted
Total Valuo
Note
Opening balance
Disposal during the year
Unre81ised gain on investmènt assets
1,882,121
520.000
120,0001
2,402,121
{20,0001
121.143
121.143
2,003,264
500,000
2.503.264
Llstèd
Unlisted
Note
Total
2023 Iunauditedl
Opening balance
Additions during the year
Disposal for the year
Unrealised gain on investment a$$et$
2,339,702
2,339,702
520.000
1556,5611
98,980
520.000
1556,5611
98,980
1,882,121
520,000
2,402.121
Page 25

Comboni Missionary Sisters CIO
Detsiled Statement of Flnancial Activities for the Year Ended 31 December 2024
Totsl
2023
Unaudited
Total
2024
In¢omè and Endowm•nts from..
Donations and legacies lanalysed below)
Investment income lanaly5ed below)
Other incorne lanalysed bo1¢)wl
Total in¢omo
82,989
117.990
42,995
120,738
60,915
276,297
243.974
Expenditure on:
Charitable activities lanalysed below)
Other expenditure lanalysed belowl
1266.8521
18.1471
1304,4411
12,707
Total expenditure
Gain$ on investmènt assets lanalysed below)
1284.9991
121,143
{307,1481
108,867
Net income
112,441
43,693
Net movement in funds
112,441
43.693
Reconciliation of funds
Total funds brought forward
4.412.994
4,369,301
Total funds carried forward
4.525.435
2024
R•strletad
funds
4,412,994
2024
Total
Income #nd Endowm•nts from..
Donali(yns and legacies lanalysed below)
Investment income lanalysed below)
Other income lanalysed belowl
94,644
120,738
60.915
Totsl income
276.297
Exp•nditurè on=
Charitable activities lanalysed below)
Other expenditure lanalysed belowl
1268,8521
118,1471
Total expenditure
1284.9991
Nel expenditurè
18,7021
Nèt movement in funds
18.7021
Page 26

Combonl Missionary Sisters CIO
Detailed Statement of Financial A¢tlvities for the Year Ended 31 Dec8mber 2024
2024
Restricted
fund5
2024
Total
Reconciliation of funds
Total funds brought forward
Total funds carried forward
40.496
4,412,994
40.496
4.404.292
Page 27

Comboni Missionary Sisters CIO
Detailed Statement of Financial Actlvltles for the Year Ended 31 De¢ember 2024
Total
2023
Unaudit•d
Total
2024
Donations and lega¢ie$
Committed giving
Legacies and bequests
Appeals and donations
Attendance Allowance
Pensions
935
8,408
33,388
5.675
4fj.238
5,896
22.469
7,669
46.955
94,644
82,989
Investment income
Income from investment properties
Interest on ¢ash deposits
Dividend Incomè from investments
35.280
49,820
35,638
34,553
83,437
120,738
117.990
Other Ineome
Mission appèa15
60.915
42,995
60,915
42,995
Charitable a¢tivities
Wages and salaries
Travelling
Rates
Light, heal and power
Insurance
Repairs and maintenance
Repairs and renewals
Medical & Health
Telephone and fax
F¢od
Maintenance Extraordinary
Printing. postage and Slalionèry
Trade subscripts'ons
Charbtable donabons
Sundry expenses
Sisters Personal Expenses
Motor expenses
Holiday Exp&nses
120,2401
118,9131
15.6771
122,0591
112,6341
18.4371
13091
11,5541
110,2301
118,4511
{76,3661
11,1241
13.3571
114,1281
112,7131
18.9661
{6,6291
13.0831
117,0021
18.0531
16,4621
122,279}
19,8861
128,0201
15781
{1,7971
{14,2491
119,2461
1105,1021
11,8751
19351
122.5971
115,8311
19,3991
13,4921
12.8481
Page 28

Comboni Missionary Sisters CIO
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
Total
2023
Unaudit•d
Total
2024
General Living Expense$
Bank charges
Accountancy fees
Audit Fees
Legal and professional fees
{952}
14201
{7,0861
14,8001
8,7241
{2,9741
15471
14,2361
17,0331
1266,852
{304.4411
Other expendiluyè
Other Expenditure
Depreciat￿orn of freehold property
Depreciation ol fixtures and fitting5
Depreciation of motor vehicles
15,709
127.0001
{5,6071
11,249
118.1471
11.1141
1.593
2,707
Netgains on investmènt assets
Unrealised gain on Investment Asset
Realised gain on Investment Assèt
121,143
98,980
7.887
121,143
106.867
Page 29