LITTLE COMPANY OF MARY SISTERS ENGLAND CIO Oieglstered Charity Nurnber 118661 TRUSTEES, REPORT AND ACCOUNTS 30Juf4E 202S LITTLE COMPANYOFMARY SISTERS ENGLAND CIO FOR THE YLIRENDED 30 JUNE 2025 cowrENTS Reports R¢fercnce and admini5trdtive detai15 of the charxty, its trustees and advisets Trust￿, report 2-13 Ind¢p¢nd¢nt auditor's report 1417 A¢¢ounts Statement offlllancid activities 18 Balanc£ sheet 19 Ststemeni olca5h flows 21 Principal accounting poli¢ies 22-26 Notes to the accounts 27-37 LrrrLE CONfPANV OF MARY SISTERS ENGLAND CIO FOR THE YKAR ENDED 30 WNE 2025 REFERENCE AND ADMI.¥ISTRATIVE DETAILS Tru5teei Sistcr Jeannette Conncll Sist¢r Anits MacDonald Mrs Eiletn Frost (appointed 2 Septernb¢r 20241 Leader LCM EDglalld Sist¢r JG4nn¢tt¢ Connell Treasllrer Mrs Eileen Frest Prlrkcipal O￿lee Administrativc oifJc¢ 63 Jeddo Rd London W12 9EE Governlng Instrument CIO Association re￿$Tered 27 November 2019 Charity Re8I8tration Number (EngI￿nd alld W#Aes} 1186617 David Clark FCA I￿ Floor Church lLou8¢ 61 College Road Bromley BRI 3QG Auditor BU￿lle0tt Audit LLP 130 Wood Street London EC2V 6DL Principal Bankers The Royal Bank of Scotland plr 36 St Andrew Square Edinburgh EH2 2YB Illvestment M*naeer$ CCLA l Angel Lan¢ London EC4R 3AB Solltltoys Stone King LLP Boundary IIouse 91 Charterhouse Street London ECIM6HR LIrrLE COMPANY OF MARY SISTEILS ENGLAND CIO TRusfEES' REPORT FOR THE YEAR ENDED 30 JiryE 2025 The trusie¢s present their repori tOg￿her with the attounts of th¢ Little Company of Mary Si5t¢rs England CIO, Chuilabl¢ Incorporatcd Organis3tion {CIOI Ithc'charity" orthe"CIOJ for the year to 30 Junc 2025. Th¢ arcow)ts havc been prep8Ted in acwrdanc¢ with the accounting policies set oul on pages 22 10 26 of the atla¢heO accounts ond comply With the ch￿Ily's CODstitution, th¢ Charities Act 2011 and Accouniing alld KeportiD8 by ch9￿ties.. Siatemeni of Rc¢ommended Proctice applic&ble io Charities preparin8 their a¢counts in a￿Ordance with th¢ Financial Rcporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102}. INTRODUCTION The Liltle Cojnpany of Mary (the Con8regaiTOll} is 3n internaiional C8tholic ap0510li ligious congregation (>f women founded in Nottingham by MRry Poiter. an EnEli5hwotnan, in 1877. The Congregation is divid¢d into * number of individual provinces, region8 and comtlluniti￿. Lcadership Te&m is bssed in London. Th¢ accounts accompanying this report arc thc acctyjnts of the CIO through which the Assets of the Congregaliort in the United Kin8ik)m have been 8dminisiered since l July 2021. MISSION The Littl¢ Company of Mary Sisters England CIO enables the sisl¢rs of Ibe ConMation to w out their priocipal ministry of caring for the sufferin& the sick dying. The ori￿￿2[ inspiration camc to Mary Potter after 2 S¢riOU5 alln¢ss during which titnc th¢ found she could ttot pray and during which she saw the ￿ed for a group of women itt tbe Church who would minisier kn and pray for th¢ sick and dyin¥. Th¢ charity aims io support th¢ r¢ligious and other charitabl¢ WOLk8 canied on by membcrs ot. thc Congtcgation and to cate for those membcrs ihroughoul their lives with th¢ Congrt¥alion. These minisiries of the Sisleis of Ih¢ Congregation, all of whith benefjt nutnerous members of the genet¥l public. fall into thc following main areas.. Social *Dd pastoral work Fewcr mcmbers of the Congregation are involvbl in mitjistry b¢eause of a8e and fragility. Those who are 8bl4 COnti]]ue to offer pasioral support in Ib¢ir parish. Ovtrse•s rn155ionary work Th¢ ¢harity continue8 10 support a Palliativc Care Tearn working in healthcare. social and pasloral fields irt Albania. This ministry is a cor eKpre8sion olLitile Company of Mary Charism. Herltsge Cèntr¢. NottiDebam The Int¢rnational Congregaiiott established the Hcrithgc Centre in Nottingham in 2010 to hous¢ Ihc artefacls and memoTab¢lia relalTng to the Congregation's Foundress, MAry Pott¢r, gnd to promote the Charism and Spiriwality of the Littlc Cornpany of Mary This ministry is on bchalf of the Intcrnglional C4)ngrcgaiion. In 2025 Ihe 2dministralion of the Heri￿ge Centre traosferr&J 10 Congregational L£adershtp Team. Cth of member5 ofthe Congregitlo By C￿Ing for members of the collgregati0￿ ihe charity ensures that th¢ si5t¢rs' mittistry contirjues for as long as POssibl¢. LrrrLE COMPANY OF MARY SISTERS ENGLAND CIO TRUSTEES. REPORT FOR THE I￿AR ENDED 30 JUNE 2025 GOVERNANCE, STRUCTUBI AND MANAGEMENT B#ek2rthind The CIO is 8ov¢rncd by a constitution daitd 14 November 2019 Èrtd is registered witb th¢ Charity Co2)Jmission iti England and Wales, (Charily Registration No. 11866171. Irt 2023 and following consultstion with the Sisters in the Region of tbe M8ternÈl Heart and with Cowcgotionil Lcadcrshtp a decision WAS made io transfer from Rcgion status to a C4)mmunity with dire¢t relationship with the CoDgr¢galional LtAdw. This decision was tskeD to comply witb Canon Law r¢quiretn¢llts We have been the Maternal H¢art Commutiiiy sitice l Jatsuary 2023. sist￿ )eaDnette Conncll is the Leader LCM England. Thc names of thc trustee5 who $¢rv￿ during th¢ year are set out #s part of the reference adM￿l$tratIVe details on paBe l of this annual r¢port 3nd ac¢ounts and briBf bioyaphical dctatls on e￿h of the trus*e8 in office during th¢ y¢ar 10 30 June 2025 are given below.. Trustee5 SiStÈrJeon￿tTh£ C47Knell-LeaderLCMErygldrtd Sister Jeannett¢ enl¢r¢d th¢ Cortgregaiiort of the Little Company of Mary in 1969, having completed her general tJUTsin8 and midwifery training. Shc obtaiAcd a diploma in Clinical Nurse Edoc2tion in 1981, completcd a mfinagern￿t ¢ours¢ tn 1987, and obtained a diploma in Palliativ¢ Care in 1988. Sister Jeannette has worked as a R¢gistered NuTse in Ihe National Htalih Service and in hospilsls sponsored by the Fnglish Provincc and was Matron olthc Convent Hospitsl itl Nottingham for 10 years until 1998. Sh¢ S¢Tved 8$ a Provincial Councillor ond trusi¢e from 1985 10 1990 and 1995 to 2WO. She was Provinci31 Leader of (he English Province from 2￿0 to 2￿)5 8nd scrved 88 a trnsle¢ during ihRt period. She wos elected ￿ con￿¢gational Le&d¢r in 2005 for SL period of 6 years, completing the tenn in 2011. In July 2011, She was appointed as Provincial Lead¢r for a p¢riod of fiv¢ years and was re-appointed as Pnvirt¢e L£ad¢r for a fE]rtb¢r fjve yellT8 from July 2016 and cU￿¢￿￿Y serv¢5 as a try$te¢. On l January 2023 she was apr￿>1￿1￿ LKadcr LCM En¥land. SistsrAHrla MtTcDortald- TrMtse¢ Sistei Anita joined the Littlt Cornpany ofmary tn 1963. She qualÈfied in Gcncral, Psychiatry and Dislrict Nursing and workcd in England. Sh¢ w8s Fortnalion Directres8 for 10 year8 in the UK Province 4nd in 1993 with two other stslers founded B rnission io assi$1 the sick and dying in Albania which is now managed by Albanian doctors and nurses. Sister Anita has senred as Province Councillor and was elected As Congregational Couttcillor from 1999 2005. Sr Anita was a munb¢r of the community at the Herilagc CcDtr¢ since ils opening in 2010 Blld worked on ils devclopmeni. She was also coordinator of LCM A88OCTttcs and iiifiliates. facilithiing and guiding th¢iT Journey ProgTamm¢5. She transfw¢d to Weslcliff- on-sea tommL￿lty in December 2024. Sr Anits s¢rves a5 8t￿￿¢. Elle￿ Frust- frn51ee Eileen joined the Little Company of Mary as an trnployee in July 2011 to proyide administrativc support to the Sisters. Eile¢n Came io the Lillle Company of Mary with aver 25 years work experietKe in HR and Project Managcrncnt. She h&d previously workcd in both privat¢ and publKc sectors, gaininE rnuch experience in budget managing. delivering Europ¢an Regional Development Fund and EuFopean Social Fund Projecls a8 well 85 eKP8nsive rccruitment and pcrsonncl cxpcricnce. F.il¢en tu]Yently hold8 the post of Treasur￿ and works in coIIAboration with the Little Company of Mary Siskrs. Eil¢¢n is A PTaLtising Roman Catholic who has delivered Cal¢chisTn w Childrcn and Adults in her local parish 3nd N>w continues to be an activt membcr irt hcr local parish. LITTLE CO￿ANy OFMARY SISTERS EF4GLATriD CIO TRUSTEES, REPORT FOR THEYEAR ENDED 30 JUNE 2025 Co￿RNANcE, STRUCTURE AND MANAGEMENT Truatees rtspoD5ibililie5 Statement The Itusiees 2re rE5ponsible for preparing th¢ trusie¢s' report and the a¢¢ount5 in accordance with applicable Jaw and Uniicd Kingdom Accounting St8nd8rds {Uniled knjjgdom Generally At£epiedAccounling Pracii¢el. The Ixw applicablc 10 ¢haritics in England and Walcs requires the tswst¢&$ 10 prepare accounts for each f]nancial year which give a fair view of the slate of affllirs ol the ch8tity of thc income and eKpenditure orth¢ charity for that p¢riod. lu pr¢paring these a¢counts, th¢ In￿{eeS are reouir¢d to: • $¢l¢ct suitable accounting policies and Ihcn apply them consi8lenlly? • obscTVe tht ￿thodS principles in Accouniin8 and Reporting by ChBriti¢s.' Statemcni of Retomm¢ndcd Pra¢tic¢ applicabl¢ to Charities preporing their accounts in accordance with the Financial Reporting Stsndard applicable to the United Kingdom and R¢publtc ofTreEand IFRS 1021. • make judgments artd estimates that reAsimable and pnthnt. • state whcthcr opplicAble United Kingdom Accounting Stsndards have been followe￿ subjeci lo any m&t¢ria] d¢partUreg disclostyj and explained itt ihe ac etr. Fin2tteial ii8ks include tlxtr5e ar181Thg as a result of poor budg¢tary wntrol, itiapproprialc spending, poor accounting, inappropriat¢ inv¢5tment polities, ett. Rtyuialion81 looks itpossible d8mage to the Congregation's ry12tion andlor cherity's r¢pul&tion. Laws, regulations, external gnd environment IoDks at ihe effects of governm¢nt policEes, the consequences of non- ompliante with laws 8rtd rcgulaiions. a55essed the Tnajor risks 10 which the charity is cxpo%c(i thc tn]stees believe that by monsioring re5erYe l¢vels. by ensuEin¥ controls exisi over key finan¥i#l sy8trms, and by examining the operational and business risks f4ceQ they have ¢*tablithed effective tysiems to mItig￿e those risks. The key risks for ihc Ciwity as id¢nlifzed by the t￿￿tee&, sre described bglow kngether with ihe principal ways in which they are miti8at¢d.. Th¢ ttust¢¢s are aKv¢ that th¢r¢ i$ i￿th 2 mordl and legal oblig2tioTh to care for the older memF*rs. None of the sisters have rcsourccs of their own as all ¢aTning5, pensions and oth¢r incotne have been donated to the charity through a Deed of Covcnani. A5 thc ag¢ prof11c illcrea5¢S, SO too do¢s th¢ n¢Ed to provith ¢aF¢ for th¢ sisters. K¢y elements oflhe management of Ihis risk ar¢.. lal en5wing that the charily ha5 the available rinanci&l ￿sOUrC¢S to fmallcc this ¢arc both now and in th¢ years #head by Setting aside ￿setS in a de$l￿ated fund. the value of which has been bageA OA actuaTial principles,. and (bl ensuring ihat proc£sses are in place to review regularly the ministries and reeds of individual sis¢crs cncourRgin8 thos¢ who nKd it to tskc on less demanding ministries and for identifyin8 those who need extra eaIt artd help. Operationally ihe Charsty works with vulnerable adult& including older p¢opl¢, and owgsionally with Children. Thc Inisit£s re¢o8nis¢ lh¢ absolutc necessity of ensuring the protection and ￿rcty of all those th&1 ihe chariiy serve. This mewis that sist¢rs engaged in any mtnistry in Great Brilain and all those who work or volunlt¢r for the charity and work with childr¢n or ￿lner2blc 9dults niust obtsin clearanc¢ from th¢ Disc105UFe and Batring Service IDBSI. Thr irust¢es are cottjtnittcd fully to implementing the polirics of the Catholic Safeguard5ng Stllndttrds Agcncy {CSSAI ijrtd arc a mcmbet of the Religious Life SafcguardinE Service IRLSSI. One ofthe sisters is responsible for ensllring ihis policy is adhered 10 in respect to 211 sisters, ¢mploy¢es and voluntLWS arc kcpt informed about go1￿ practice in work and rnini$¢ry. LITTLE COMPANY OF MARY SISTERS ENGLAND CIO TRUSTEES, REPORT FOR THE YEAR ENDED JO JUIYE 2025 GOVERNANCE. STRUCTURE AND MANAGEMENT Risk m#n4gemeDt Icontinuedl The charity donat¢s sitriis in support of ihe Congregationgj En￿cnCY F￿d a￿1 other OTganisarions. Whether or noi the fi￿dS are uscd here in GFCal Britain or overseas, the trnsiecs always ensure ihal they gre fvlly bri¢fed #bout and are famili￿ witb the work of a poicniial recipient of fU[￿s, that fuDds are Iransfencd vi bank transfer, Ihat proofof te£cipt is obrained and that. wh¢r¢vcr p)55iblc (and alwAyS in the caK of monies seni overseas), a full written repon of bow the ttLoni¢s have been utiii8ed and 8ppli¢d is obtaiDed from the rccipient. Th¢ charity's principal &sset Compr￿¢3 li51ed inveslment4 the v31u¢ of which is dependcnl on tnovemenls in UK and wvrld slwk markeis. The invest￿e1￿ Are m￿ag¢d by r¢puiable investhjcrtt lljanagers who adhcr¢ to a policy agreed by Iht Iru5tecs. The Irustces and gccounlani rn￿1 annually wilh the inveslmeni rnanagers and the rn#nag¢r's perforniance and Eh8t of th¢ ponfolio are monitored. Th¢ inv¢sThenl srrategy i8 a88essed rc8ul8rly 10 ¢n8urt it rcmains appropria* to th¢ Charity's nceds. The charity runs a care facility for its 0￿1 sis*rs It We￿ClItT-o￿-Se￿. As with any such operation. there ontinual rcgulatory changes which rrwst be complicd with and financial pressl￿¢S such as the faci ihat Costs tend to rise with ne£d lo prtsvide S￿1T tover for 24 hours. The TA￿treS cotJsuIt with ¢xt¢rJLal agcncics for #dYic¢ as ne£cssary. PUBLIC BENEFIT When setting Ihc objectivcs and planning the work of Ihe charity and when encouraging th¢ work of individual Si5t¢rs, Ihe tNsEees have given ¢￿ful consideration u) ihe Charity Comrnission's gL]idancc on th¢ Public Bencfit. ACTIVITIE& SPECIFIC OBJECTIVES AND RELEVANf POLICIES As stal¢d above under"Mi88lOtJ" the *tiviti¢s of th¢ charity during the year cart bc divided into three principal arcas.. carin8 for membets of the COng￿gatiOn. the so¢￿1 and pa$ioial work of the sisler4 the suppon of oversea8 missionary work. Care of members of the Coll#reytlon In common with many rebgiou5 congregalions in Great Britain. Ihc age pmfile ofihe tnembeT5 ofthe CollgT¢gation 18 incrcasinB existing n)embttTS grow older. The￿ arc no ncw members in thc UK. The age of the sis*rs rnjges from 78 to 97 Y￿rs. Thc avera8c a8¢ i3 88. There We￿ 12 sis*rs in the Malcmal Heart Cotn]nunily al the beginning of the fJnan¢ial year. During (he year. I Sister di￿1 and anoth¢r transf¢tred to a Nursing Home in Edinburgh on a p¢rn)an¢llt bgsi8. Currcnt mcmbeTship 15 11 8i8ters. The Congrcgatton has an obligation. knth Thornl and legal, to provid¢ ¢8r¢ for ils memb¢rs. of whotn have resources of their own and all of whom have devoted their lives to prayer and ihe Cate of the sick, the ¢id¢rly. poor and marginalised irt socjcty. A8 Ihe age profilc of thc Congregation incr¢as¢s, so too doc5 the need 10 providv illcreasingly expensive care for the sisters LITTLE COMPANYOF MARY SISTERS ENGLAND CIO TRUSTEES, REPORT FOR THEYEAR ENDED 30 JUNE 2025 ACT]vrriF3, SPECIFIC OBJECTIVESAf4D RELEVANT POLICIES CarÈ of members of the Congregation Iconlinued) Sisters requiring additional cate live in Westcliif on Sea. They bcrtefit from living in their owj) religious community sctting, wh¢r¢ ihcy can continuc their own individual and cornmuniiy pray¢r for the tL¢ed5 of the world and especially for the sick and dyin8. A Care Managcr and sraly support and care for thc sisters over th¢ 24.hour pcriod. The care needs continue ¢0 incr¢4s¢. In this Tegar¢ th¢ aims of the tJusiees of tht CIO over Ihe forthcoming y¢ais irtclude.. Ensuring alL metnbeTS of thc Congr¢8alioa ￿(¢]ve Ihg high level of care they require to pmvidc th¢m with th¢ qualtty of life they should rightly expect., Reviewing properties used as community houses and asscssing their suitability &q homes for thc ¢lderly and frail. Enabling all metnbers of the Congttgation to continue with I￿1r individual ministrie5 for 8s long a5 possible. Sodal Ylnd pastornlwork Th¢ lollowing are cxamples of the social and p&storal wort( und¢rtak¢n by irtdividual Sist￿8.. Parish visiiin8 and paswral supporL Responding to r¢qucs15 for prayer from indivithals and praying wtth the hOUse￿)￿nd. One Sislcr i$ a Parish Sisterand Eucharistic Minisw. One sister s¢rv# Ès 2 trustee on a gMt wving charity in Nottingham. One Sister provideA accompaniment to lay people who wish to embrace our charism *Jd spiriluality, somc of whom become Aifiliao and As¥ociatr rnembers of the Liiile Company of Mary. The Associates meet monthly in Nottingham and assist inthe ministy ofthe HeriLige Centr¢. Associak comrnitrnent at the H¢ritag¢ C¢ntr¢ 2W24 LI￿LE COMPANYOF MARY SISTERS ENGLAT4D CIO TRUSTKFS? REPORT FOR THE YEAR ENDED 30 JUNE ZOZ5 ACTIvrrIE& SPECIFIC OBJECTIVES AflD IiELEVANT POLICIES Social aDd pastOTal work Iconlinuedl The aims ofthe trnsiecs in This area include= Wherever possible ¢]Jsuring sisters are remuneraied for su¢h work by w&y of stipend. Such income is doD8t¢d to the charityand thercby ettsures that the work ofthc sislcrs and ¢htFity may continue snd develop. Over5ea8 misslonary work Mary P4llitydve CAre ce￿r¢ Korc4 Albartia In 1993 LCM was invitcd to Albania lo assist wilh h¢alih¢art and through lo 2004, d¢velop¢d the palliaiive care service, ifdined Nurses and dociors and develo￿d the Clinic in Korc¢. Since 2004 the loc&1 staff have continued this Tllillisty And w¢ Contirn￿ to support the service both financially aod with mentoring. "I'hcir service is of th¢ highest stsndard and is considered so, by Albanian authorities. Tliey glso hÈve iThternBlional recognLlton from otheT palliative car¢ organisaiions. The staff MAint￿n Littl¢ Company of Mary ethos both in Tts work in the clinic and in Ihc ¢otTrmunTty. PatI￿t FLreiving treatment Th¢ clinic is well maintaine4 and the stllff are aware of the need for goodstcwardship of the building. LI￿LE COMPANY OFMARY SISTERS ENGLA￿'D CIO TRUSTEES. REPORT FOR TUEYEAR ENDED 30 JtJNE 2025 ACTIVITIE& SPECIFtC 0￿￿CTIVEs AND RELEVANT POLICIES Over5e*s mfissionary support Icontinuedl The[ollowingpllrtt#r6ph ifporÉ ofihe ctillrionfrom EndofLife nur.¥ing ediicutiDn cortsortium (FLNEC) Agaiil. we waRE cnngrahilatÉy411 OPT beihg ¢hosen ofihc 2024 ELNECAwardofExcellen¢e PÉCiplents. Your&1itsts￿dI￿x ¥w>rk haspromoledpalliqtiv¢ nmrsutg. hitvÈbeen a role model in tsacki#g. advoullKg. andproviding ihis importani 4*dsacred work W¥ are gra1£f￿1 towii. ELNEC Awatd Presented to Clinic stsff Thc statTofftrthe following: Horne care, Telephone sllpport Day care for patierls lo monitor symptom control Training to farnily members, especially IA end-of-lifc we EducRlion for other healihcare profttsionals in rnany other cities in Albania and in doinB so develop pallialivc e in Albania. In 6 rnonths they offered traininE 10 240 Support the poor and disadvantaged in the local area. In summllry, the palliative esre teAm con8ists of 16 paid members of staff consisting Df administrdtive, clinical. nursing, maintcnance atid support sr8ff. The trustees receive a quarterly fitwicial And narraiive report from Ihc Manager, showing that the fi￿d5 4nd equipm¢ni proMd¢d by lh¢ ¢h¥iry are used for the pllrp(ws inte]¥led Heritage Centre, Nottillghgm Liiilc Company of Mary Sist¢rs England CIO conlinucd responsibtlity for the Heritage Centre in NottinghaTn until the ijl Febwary 2025. The FlliDi8ty is on behalf of the Inomational Congregaiion. On¢ Sister was responsible for Ihc dcvclopment and administration of Ihc Fl¢ritsgc Centre since 2010. Shc suc¢¢ssfully mentorcd the lay Tnanager for 2 years. The sister transferred to the community ai Westcliff on Sca in D¢¢¢mbeT 2024. We We￿ ¢on¢erDed about our ability to sustain mirtistsy k)i (he Herilage ce￿re given our reducing numbers. Following coaw¢rsalion5 Wlth the Congr¢gational Leader and subsequellt tn¢etings with the TTr￿eeS of both Chatities, the decision was mÈde 10 tranÉfeT the re8ponsibilily And management of the Centre to the LCM Con8regalion CIO. The responsibility along with th¢ Fixed and Tangibl¢ knets was tsansferTed lo the Liff le Cornpany of Mary Congregation CIO OTh I. February 2025. Wc w¢re assisted by our LegAI Advisors, Audiiofs 8nd ourAttoun¢3nt. LITTLE COMPANY OF MARY SISTERS XNGLAND CIO TRUSTEES? RKPORT FOR THE YEAR Ef4DED 30 JUNE 21J25 ACTIVITIES, SPECIFIC ORJECTIVESAND RELEVATrU POLICIES V•Juntee We receive one Stipend for a parish Sistrr who mirtister5 ui Caththl PArish in Nottingha￿ this sister also volunteers al Ihc local teaching Hospithl for 2 days per week. Th¢ r¢maining Sisters receive no financial reward for Ikit Miry￿try. While all ihc sisteTS tontribut¢ to Ihe mission of the Congregation mcmbets arc inYolv¢d in administemng th¢ WOFk of the Congregation and charity. All sisi¢rs arc sllpwnive of the people in l(Kal area and in pHrishes in which they live. Protection of ChlkireD alld VultterableAdult5 Along with all other organisalions who serve ill the community¥ the Trustees ￿COgnISe the 2bsolut¢ DCCCS8tty of ensuring the Protection a[￿ safety of all Ihose the chority serve5. All sisters whD JT¢ in any kind ofmini¥lry in UK havc to obtain clcaran£e from the Disblosure and Barrin8 Service IDBSI. Etnployees and 2 volunteeTS have DBS Certificaie& We are now fylly aligned with th¢ R¢ligiou5 Lif¢ Safeguarding Servicc IRLSSI and the Catholic Safeguarding Standards Agency (CSSAI. Grants dots*tlon5 2nd support of mtsslonsryivork Y4Dd mini%try Gr8nts, donations and othcrpayments in 5UPPOrt of missionary work and tninistry are decided on by Ihe Trusl¢¢s in consuliaiion with other members of th¢ Congregation as apprnpriate. Whilst the Trust¢¢s giv¢ Lxcasional support to Unitrd Kingdom oiganisations whose work 15 Wlthin the objects of the thartty, it docs not rewd itself as a grBnt making cnlily a[￿ applications for grants al￿ do[￿110][s are Loi invited. Donations, however. aT¢ mad¢ io much needed services for thc poorest and tnArginaliscd people in 8o¢icty in line wilh Mary Potter's vision of workiTrg with those in need. Investment polky The charity's invegimen15 aTe TDgnaged by CCLA. All invcsknents have been moved into the Catholic Invesitn¢Jrt F￿d held 10 align inYesfm¢nts with Ihc catholic ethos. There are llo restriction$ on Ihecharily's power ￿ invest. The inv¢stmcnt srrategy is set by the trusiees and tak¢$ into account inwrnc rcquiremenis, Ihe risk profil¢ and the investment ll￿Dager.4 view of the nwk¢t prosp¢cts in the mediuLJ tsmi. Th¢ policy is to maximise iothl return through a diversified portfolio whilst providing a level of income advised by th¢ try5tees from lime lo lime. Ther¢ i5 also an Ethical Policy precludiDg investment in arty ¢ompany which, after r¢1sollabl¢ ¢tw4uiry. clearly has signific&nt profil8 from an aciivity which is contrary to the Dbjeclives of the Catholic Church. The pcrfornian¢e of Ihc portfolio and Ihe investment ￿rategY ate ￿VieWed by tb¢ rnlstees who n)eet with th¢ investhient man&gers annulllly. R¢gularrcporting received. io LIThLE COMPANY OF MARY SISTERS ENGLAND CIO TRUSTEES, REPORT FOR THE YEARENDED 30 JUNE 2025 FINANCIAL REVIEW AND RESERVES POLICY Re5￿ts for tht ye A Summary of the results of th¢ y¢arto 30 June 2025 can bc found on page 18 of thi8 report and 4e¢ounts. Tolal incom¢ for th¢ year tD 30 June 2025 wa5 £485.443 (2024.. £528,723). This included investrnent ijkcome of £323,541 12024.. £342,156) and voluntary income of£161,902 (2024.. £175.2501. This latter category includes the salari¢s and peDsions of Jnetnkrg of the Congregation donated to the charity und¢r D¢¢d of c0veni￿t or Gift Aid. Thcre was no legacy incomc rc¢¢iv¢d in the yeÉr12024: £6,617). Expcnditurc for the year to 30 Junt 2025 Amounted 10 £3,527,701 (2024.. £1,360,633). This i￿ludeS the cost of supporting members of the Con8reBalion 3nd their tninislry and donations lo third parties. Expcndtturc in 2025 included th¢ trgnsfer of asscts held in the Heritage Centre to the fjenerdlate Charity. comprising fixed assels with a nel bvok V￿Vr vl£l,498.613 and casb ot'£674,605. Donations ard grynls paid totslled £241,80412024.. £282.4951, which irtcllldcd 8 rlumber of committed amounts to charitsbl¢ projects. Net cxp¢ndilw4 befor¢ investment gains110ssesl for thc yw to JO Jun¢ 2025 w85 £3.04m12024.. £831,910). There were investFrJenl lossts of £357.498 12024: gains of £799,638). Thc overall r¢yult was net expenditure tFf £3.4m12024.. £32,272). The level of dcficit in 2025 is exceptionally high bcc&us¢ of th¢ tTsttsfer of ihe Heriiage Centr¢ ass¢ts. Th¢ deficit on ¢onlinuin8 activilies is £l.I m. This emphasises the n¢ed to th¢ Charity to hold rtllltivcly high levels of rc8¢rves18ee Rese]ves Policy bclowl. Investment perfornLante As prevK>usly 8iaied, the charity's inv¢sun¢nts are rn8nBged by CCtA. AI 30 June 2025. the inv¢slment5 had a markei value of £10.077,057 {2024.. £10,934,555). Tot21 bJnd8 of £500.000 w¢r¢ drawll down fron] the portfolio during the ye3r12024.. £5(X),0001. The inv¢siment managers continu¢d to Ènve￿ in accordance with th¢ tFU5t¢¢5' invesimeni Policy sei out earlier in this report and in compliance wilh Ihe ethical guidelin¢s given lo them. Further details of the invesimcni portfolio are Includcd Tll notc 13 to th¢ atrached acctsunis. During the ytar to 30 Jwi¢ 2025, the charity'8 investments achieved an antsualised in¢Orn¢ yield of+2.96/o (2024.. 3.229.). and an annuali$¢d capital return of-3.27Yo12024= 47.52%) meuning the total tttum for the year was -0.310A12024.. +10.74%). Return5 were maryinolly ahead of the avera8es quoted for th¢ ¢hHrity sector over the year and the trustees. th¢r¢fore, are sRtisfi¢d with irtvestttieiit perfomiance. LIThLE COMPANY OF MARY SISTERS KNGLAND CIO TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2025 FINANCIALREVIEWAND RISERVES POLICY Re5¢rv¢5 policy The charity c4rrie8 oui a diverse range of activities attd is responsibl¢ for the fdr¢ aud support of 515t¢r8 whos¢ Avcrnge &Ee is increasing Imd whose n¢eds ar¢ chgnging. Th¢ ttusl¢es have examined the requirement for free reserv¢s i.¢. thos¢ unr¢51ncted funds no¢ invesied in wngible fixed assets. desIgrta￿d for specific putposes vr etherwisc committed. Thc t￿￿ecS consider that, given the nature of thc chariry's work. thc Icvcl of Irce rcserves Should be 4UIV31ertl lo up lo four years, expenditure al any one lime. The ¢n￿le¢S ar¢ ¢)f thc opinion ihai this pmvides 8ufficitnt tlexibility to covcr t¢tnporary 5horttall$ in in¢om¢ and will allow the trustee5 to copc a￿j r¢5pond to unforeseen emergencies whilst spe£ific action plans are implernenied. Fl]tandAi POBlIlo Balanc¢ she¢t r¢s¢rv¢s stood at £12.7(M),(Y)4 {2024.. £16,099,760). The taDgible fixed &ssets fund tot¥ll¢d £2.161,735 (2024- £2,559,5 881, comprising thc ianwble fixed assets to 8UPPDrt thc work of the sisters, £4,700,00012024.. £4,700,000) ha5 been sct aside to provide for th¢ sist¢￿ in th¢ir retircrnent. none of whom hav¢ resources of their own. The calculations, bdged Dn actU3rial methods, indi￿ted that this amow]t is needed to be set aside in ord¢r to providc for the sisters and for the incrusingly ex￿n8]ve hcalih and catt ¢0813 which becomp inevilllble as people grow old¢r. A further £1,758,￿2 12024.. £1,961,912) has been set aside ds a con￿egall0n iving Fund to be 2pplitA 10 future grants and L*inaiions. By the end of June 2025, no Te5tri¢ie41 fimds remained. Monies h¢ld for Albania were cniirely Spenl On their r¢l¢vant purpo$¢s and all H¢ritag¢ C¢ntre ass¢rs W¢T¢ tran8f¢rr¢d to the G¢neralAlc Charity wilh cffcct 1￿M I Februw 2025. Funds available to support the work of th¢ siskrs in th¢ futur4 in pgnicular the support of the Congregation's missionary and he<hc&re work, are shown a8 general fllnds on thc balancc shect and amoLLnted to £4,080.267 {2024.. £4,489,504). This figure needs 10 ￿ cunsid¢r¢d in th¢ lighi of ongoirtg annual expendilurt fmm unreslricled funds ofapproximat¢ly £1.2m. and an ongoing 9nnual deficii of £l.Im, the increasing age PTofile of the si8tcrs Bt the nccd fo* Ihe ch¥sity 10 colliinur to support the work of Ihtr Congregation, both in this country and overseL%. The irusiees are ofihe opiniojt IhAi Ihe free reserves Are adequate but not excessive and in line with the above policy. 12 LITTLE COMPANY OFMARY SISTERS ENGLAND CIO TRUSTFES* REPORT FOR THE YEAR ENDED 30 JUNE 2025 FUTURE PLANS £n the CIO. we continue to collaborat¢ x¢ro$$ the CoJweBatiOD atld continue to review our Mi85ion Ministry 0$ well as appropriak Leadership Stn￿t￿r￿ forthe future. TJJ¢ Iruste¢s do not attticipate ally signilicanl change to activitit8 over the next two tts five ycars. It is ther intcntion to continu¢ to mtet thc following objcctives.. To moniior tb¢ nceds of the sisters a5 they grow oldcr and. if nec¢5sw, &dApi the ciwity's plans in resP¢¢t of property n¢eds and the provisitsn ofcare 10 elderly members. To ¢oniinu¢ to care for the sistets ajjd to enable th¢m lo cllrry oui their paswral work and ministy. Fiths will continue to be given to a5SiSting and ¢8ring for th¢ ¢lderly. the poor and the ttiarginalis¢d rertebing out to as mally as possible. To SEJPPOrt the CongregaiioD'S work Over&e￿ and for the tsusl¢e5 10 satisfy themselves that thc funds are applicd lor their intcndedpurpose. To consider seuing aside Sjrthcr designated fimd5 to avrtwk moni¢s lo be used to financ¢ gn ¢nhgnced grtrtt- making Programmc. EMPLOYEES, VOLuNfEERS AND MEMBERS OF THE CONGREGATION The tnjstees wish to record their rccoznilion of the profcssionalism 8nd eommitment of all their staff, volunt¢ers and th¢ individual rnembers ofihe Con¥regation. Theirdedicalion and positive approach is very mu¢h appTxiat¢d. Signed on b¢hBifof th¢ tw¥t¢es-. J¢aiiett¢ Connell Trustee Approvcd by the tntsi¢cs on.. 19 Nov¢nib¢r 2025 LIrrLE COMPANY OF MARY SISTERS ENGLAND CIO YEAR TO 30 JUNE 2025 INDEPEL¥4DETr4T AUDrroR'S REPORT TO THE TRUSTEES OF LITTLE COMPANY OF MARY ENGLAYD SISTERS CIO Oplnlon We have audited ihe attourtts ofthe Little Company of Mary Sisters England CIO Ithc 'chaty'l for the year to 30 June 2025 which wmprisc the slatemcnl of financial activities, Ihe balance she¢¢. the $thletn¢nt of cash flows, Ihe PTincip#I accounting po]icie$ and th¢ noies tu the accouttts. The r]nan¢ial re￿ting fram¢work thai hu8 IKcn applicd in theiT p￿ParatIon IS applicable law and United Kingdom Accounting StandBrds, in¢ludin8 Financial Reporting Siandard 102 'Th¢ Financi81 Rcwrling Standard applicabl¢ itt the UK and Republic of Ireland. IUn>t¢d Kingdom GeJiet8lly Acc¢ptd Ae¢owJting Praciicel. ]novropiniott. the accounts.. giv¢ a trn¢ and fairview of the $late of the Ch￿Ity'S affairs as ai 30 June 2025 and of its illeOtn¢ Bnd expenditure for the year then ended: have been Properly pr¢paTed in accordance with United Kingdom GenernllyAc£4)Led A¢wuntit)g Prncii¢e' aTMi hBv¢ b¢en Pf¢pared in accotd2n¢¢ with tbc rcquirements of thc Ctwitic5 Aci 2011. Besi$ for oplThlon We cfjnducled our audit in accordartce with International Standard% on Avditing IUKI IISAS (UKII and &pplic8Lilc law. Our r¢sponsibiliiieB undcr those standards are further described in the audiior's responsibilities for the a￿j11 of the accounts s¢ctiou ofour report. We ar¢ indcpendeni of the charity Tn 2¢WTdaDcc wirh the ethicAI reqviremcnis ihai arc relevbnt to our judit of thc accounts in the UK, including the FRC'8 Eihical Standard, and we have ￿lfIll¢d ¢)ur other ethic21 r¢sponsibilities in accordantte with these requiremcjjts. Wc bcli¢Y¢ th8t 1he audit cvidcntt w¢ have obtained is 8ufficieDt and appropriaie lo provide a basis forour opinion. co￿tAU$l0￿3 relating to golng contern In auditing the accounts, wt have conclud¢d that ihe kn￿Stee$, use of tb¢ Eoing Concem basis of accounting in the pr¢pgTation of the accounts 1$ appropriate. Bosed on the work we havs p¢rfornicd. we hayc not identifted ￿Y material unccrtaintics relRlin8 to ￿¢nts or conditions thBt, individwdlly or ¢olle¢lively. may casl si8nificani doubl on Ihe ch3Ttty's ability to coniinue Ag a 80ing con¢¢rn for p￿)0d of ai least twelve monlbs from when thc a¢couttt8 authorised for issue. Our responsibilities And th¢ r¢sponsibiliiies of thc trustees with resp¢ct w going con¢etn are describ¢d in the r¢l¢vant 5¢dions of this report. Other illform4tlDn The other inf0m￿tiOn compri8es the inforniation Includ￿ in the annual rcport. including the trus*es' repor4 other iban the accuunts and our auditor's report thereon. The knJ8teES are r¢sponsibl¢ for ihc other inform21ion contained within the annual report. Our opinion on the accounts doe$ not ¢ovcr the other tnformaiion and w¢ do not express any forrn of assurdnce conclusion Ihereon. Our r￿ponsibIlity is to reBd the other inform31ion and. in doing so, consider whether ihe other iftfomiatiun is materially inconsisien¢ wilh the account5 Vl OUT knDwledg¢ obiairttd in th¢ ¢ouTs¢ of the audit or otherwise ￿pe*r5 10 be matcrilllly mi88t￿¢d. If we identity such material inwnsislencies or apparcnt Enalerial misstsiemenls, we art Tquircd ￿ determine wheihEr thts gives rise lo a rnaiwial missLltemertl in the 9CCOUllts th¢tns¢lv¢s. If. ba8ed on the WOTk w¢ hav¢ p¢rfomic we concludc thar there is a m8icrtal tnisstratemcnt of this oth¢r information. we are required lo report thal faci. We have nothing to report in this rtgard. LITTI.E COMPANY OF MARY SISTERS ENGLAND CIO YEAR TO 30 JUNK 2025 INDEPETrIDENT AUDITOR'S REPORT TO THE TRUSTELS OF LIThLE COMPANY OF MARY ELYGLA4YD SJSTERS CIO (continued) Matters on whlch we are reqMAre(I to report by exceptlon In thc light of the knowledge and undcrstanding of the chaTity and its environrnent obtoined in the COUTS¢ of ihe audi4 we have not id¢ntifi¢d rna*ri&l misstaiemcn15 in the tNsl¢¢s' report. We have nothing to report in respect of the follovring matters in relation to whith the Chirities (Accounts and R¢ports} Regulations 2008 requi￿S us to report to you if, in tsur opinion.. the irtformation given in the trn$t￿, re[￿ is ittconsistelli ID any materiAI respect with ihc account5,' or sufficient accountin8 records have not been kcpL OI the acrounts art not in agreement with the acc4>untin8 fEttsrdy,' or we have not received all tbe infot[[￿tLtr￿ artdexplanaiions w¢ requi[¢ forour gudit. Responsibilities of tTUStee5 As explained more lully tn the tN5t¢es' respotssibililies siatemcnt set out in the tn]stees report, thc irnsltes are rcsponsiblc for the preparation okf ihc accounts and for bcin£ satisfied thatthey ￿ve 2 true artd fair view. and for such iDternal control as the trustees deiermine is necessary to ellable the PTeparaiion of accowjls Ihal are free from Tn&lerig1 mi88taiemeni. whc¢her dLFe to fraud or effor. In prcparing ihc acwunis, the twslees arc rc5P0115ible for 8SSC88ing the charity'8 ab51ity to centinue os a going concem. disclv$in¥, as appli¢able, maiters r¢lated to 8OSt]g concern and using the gDin8 t4)ncem basis of 2ccouThting unless the trustees either intrnd To liquidai¢ ihc Charity or to eesse operations, or have no realistie alternative but lo do so. Avdlior's Mpon5ibllltle8 for the awlitof the #teollllts We have been llppointed as lludiior under Section 144 of ihe Chariti¢s Act 2011 and report in accordance with the Aci 2nd relevani regulaiiuns made or having effect thereunder. Our obj%tives aTe to obtain r￿SOngbIe a￿￿$nee about whether the accounts a5 8 whole are free from mAtsfi21 misstatement, whether due to fraud or Crror, attd to Is8ue an auditor's rcport that Tntrludes our opinion. Reason&ble assuraA¢e is a hi¥h level of assurance. i)ut 18 not a guaraJJtre th￿ an audit ¢ODdud¢d accotdance with ISAS {UKI will always delect a materi81 misstatement when it exists. Misstaiements Can aTise from fraud or error and are cOns¢der￿ material tf, indivithLally tsr in the aggregate. they could re&sonAbly be expe¢tcd to influertce the e¢onemic decisions of users tsken on th¢ basis ofth¢s¢ a¢¢owJts. How theAudir ¢vAscONs￿ertde￿bKÈDf￿e¢erlIny trrexulurldes Indtsdl*gfrfyMd Our approach to sdentifying Bnd asscssing the risks of material misstatemcttt 5rt respect of ijregul*rities, including fraud and non-compliance with laws regttlations. was as lollow5'. The engagement P9rtner ensured that the engagement icam ¢ollectiv¢ly had th¢ appropriate Compete￿e, capabilili¢S and skills 10 idcntify or recognisc non-compliance with applicable laws and T2gulations' W¢ idefitifI￿ th¢ laws #ro r¢gul&tion$ applicable (o the charity through discu88ions with Ihe tnjstees and from our knuwledge and experience Dfthe charily sector,. Wc focllsed on spetifie IAWS and re￿LIatiOnS which we con8ith1￿ may have a dire£t matcri81 cffect on the accounis or th¢ activities of the charity. These incl￿ded ixll were nol limited to the Charitl¢5 Act 2011, AccountiTrg 8nd RcportinE by Charities.. Statement of Recornmended Practicc applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable to Ihe Uniled Kingdotn and R¢public of Ircland (FRS 1021,. and 15 LIfrLE CONIPANV OF MARY SISTERS ENGLhJ4D CIO YEAR TO 30 JUNE 2025 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LITfLE COMPLYY OF MARY ENGLALYD SISTERS CJO Auditor's responslblUtle5 for tILe audlt of th* ¥c¢ounts (continu￿) Ht>w the o*dil wo5 Com￿dered¢￿ble Dfde¢6ciing érrexNlomie5 IN¢1¥￿*8fvUd (Cont￿lie￿} We assessed the extent of ¢omplian¢e with Lhe laws 2nd regulations identified above through making enquiri￿ing Stattdord applicable in the UKand R¢public or￿e￿d IFRS IU21 and the charttl￿ Act 2011. Th¢ charity constibjtes s public benefit eniityofj d¢fLn¢d by FRS 102. The a¢¢ounts are presented in sl¢Tl*ng and arc rounded to the neare31 pound. CrItI￿1 accountlng e5tlmatts and areas of Judgement Preparation olthe accounts requires the rrusie% to make sigrtifJc￿l judgemenis gmd estuDate5. The items th the accounts where these judgements artd es¢imatC5 have b￿n madc include". estin]ating legacie8 ￿elY￿b]e.. • estim8ting thc u$¢fvl cconomic life of tangibl¢ fixed assds for the pwposes of detemiining the annual d¢pr¢ciation C￿e. and deterniinin8 the amounts to bc designated for spectfic putposes including esiimaling the Sist¢r8' retiremtnt fi cr¢al¢d in ordeT tD provid¢ for the continuing cgrc of ihe mcmbeTS of the Congrc¥atlOD. ¢st¢malin% Ihc income at)d expcndilure tlows and financial position of the charity for th¢ purposes of Ass¢$siThg ¥oityg ¢oncern. Assegsment of 8olng eollcerD The ￿￿Slee$ h￿￿ asg¢ss¢d whether the u$¢ of the going concern a¥sumplion is appropriale in preparthg these awounts. The Irvstees hav¢ Tnade ihis assessmenr in respect lo & period of one yeaT from th¢ datc of approval ofthe$¢ accounts. Thc tru51ces of the charity have COnLluded that there aTe no rnalerial unccnainties rclllted to cvcnts or ¢ondÈtions thai mlly ¢ast significant dtsubt on the ability of Ihc charity to continuc as a going concern. The trustees Ar¢ of the opinion thal th¢ chariiy will haye $uffi¢y¢ni resources to Tll¢¢t its liabilitl¢S 88 they fllll (lue. The most significant areas of jud8emcnt that affect iiems in the accounts arc dctsiled abDve. With rewd ta ihe next accounting periud, th¢ y¢ar ending 30 June 2026, Ihe n]0515ignificant arw that offect th¢ carrying value of th¢ assets hcld by the charity 8re ihe l¢vcl of investsncni rcturn and the perfomvdnce of the investment rttarkets 15¢¢ th¢ inw¢sknJent polÈ¢y and thc risk m4n2gen)ent s¢¢tions ofthe tJustse$' r¢port for more inf0m￿tion1. 22 LITfi.E COMPANY OF MARY SISTEILS ENGLAf4D CIO PRtNCIPAL ACCOUNTING POI,ICIES FOR THE YEAR ENDED 30 JUNE 2025 Incorne is recognis¢d in th¢ p¢riod in which the charity has entitlern¢Dt to ihe income. thc amount of income w b¢ measuredreliably and it is piobable thatthc incom¢ will b¢ r¢¢¢ived. Income comprises donations, inv¢s¢mcnt income, interest on bartk deposits and other income in¢ludirtg ihe surplus on the disposal olian8ibl¢ fJA¢d ass¢ts. Donalions. including salaries and pensions of individual rcligious received undcr Gift Aid or deed of covcnAnt, are ]uogtJised when thc charity has confirmatlOD of both thc Èmount and 8cttl¢ment date. In th2 eveni of donations pledged bul not rec¢iv¢(L th¢ amoutrt is accrued for where the Teceipt is eonsidered probable. In the everti ihal a dellallon is subject to conditions that r¢quire a level of ￿f0m]8￿Ce beforc th¢ charity is ¢rttitled to the fvnds, the income is deferred and not r¢wgnised until either those Londilions are fully rnd. or the fulfiltnenl ol those EonditTons is wholly within th¢ Control of thc charity and il is probable Ihatthos¢ ￿nditionS will be fidfilled in the r¢porting p¢riD In accordance with the Charittes SORP FRS 102 volunteer time is not re£o8ni%d. Legacies are in¢ludcd in thc s12iemMI of financial activitlC5 when the charity is eniit]ed 10 thc Icgacy* th¢ ¢xecutors havt e5tablishcd that th¢rc gr¢ suffi¢i¢nt surylu5 &*sets in the to pay th¢ I¢8￿y* and any conditions attsched to the Ic¥a¢y arc wtlhin the Control of thc charity. Enlitlemcnl is taken the earlier of the datc on which either. tht charity is aware that probote has been gJxn*d. the estate has been finalised and notifL¢ation has been njade by the executor 10 th¢ ¢harily that a distributson will be made, 01 when a distribution is received from thc L%tstc. Re¢¢ipt of a legacy, in whole or in pgrt, is only eonsidered probabl¢ when the amount can ￿ measure41 reliably and th¢ charity h35 be provide support in the forni of personn¢l (teyclopment. financial PTocedur¢8, provision of offits S¢Tvices and equJpm*)t and a suitable working environment. Goven￿nce costs comprise the tosts involving th¢ public ace4)untability of th¢ charity li￿l￿ding &udTt costs) and c08ts in ￿Spert 10 its compliance with regulation and good pr8clic¢. A]1 ¢xp¢nds(ure on 8ilPPOrt gnd gov¢mon¢e has becn uttributed dircctly to thc charitsble activity of supporting member5 of the Con8re8ation as, in the opinion of the (rustses, 3ny amowjts in re8￿cl to provision of grants and dollalions gnd th¢ operation of the H¢rilag¢ C¢ntre would be mittiTnMI. 24 LI￿LE COMPANY OF MARY SISTERS ENGLAND CJO PRINCIPAL ACCOUNTllyG POLICIES FOR THE YEAR ENDED 30 JUNE 2025 TADgibl¢ fitrd gss¢ts All assas ￿5t￿g morc than £2.(K)0 8Nd with sj) expeet&l thseful life exceeding on¢ year aT¢ capitalised. Frcchold land and buÈldings Fr¢¢hold Ignd and buildings purchased on or prsor to l January 1998 are inclu(fed in the accounts at È v&luAtion detsmiined by ihe trustees as ai ihai da￿ wilh professionRI assistBnce, bAsed ott replacemeni cogi for existing use. As perrn1tt￿ by Fils 102, with effett f¥om l January 2014 Ihc value assigned to these properties w28 deemed ¢osi. Land 2nd building5 purchased ou or after l JalluAry 1998 are shown on Ihe bal3nc¢ sh¢¢t al cost. Land a[￿ building5 coDipris¢.' Non-sp¢¢ialiscd land and building8 8re those designed as, and uscd v4holly or mainfy for, private residential accomrnodation. Suth land and bui5dings are not deprecigt¢d. Their value dnd condition are rcviewed annually by Ihe ￿St¢es. who are satisfi¢d th&t their rcsidual value is not matvially less th8n their book value. SpEiialised buildin¥s comprise the Congregation's convent sitll31ed at Wesieliffe. where elderly and Infirni sisteTS Dre cared tor, and the 14eritagc Ccntr¢ al Nottingham. Depreciation is provided at the folloiving rlltes per JJJTtum b4sed on cost in orderto write off each asset over Iheirtssefvl economic Itfe.. Buildings 2•/0 pcr aftnum lrnprovem¢nts 6.67¥4 per afflnurn. Hcritage Centre Fixed Assets. including the specia]i8ed building. wwe transferred to th¢ GeneTaJate ch2rity with effeci from l Febnwry 2025 and have be¢Tr shown as having b¢¢n transferred at their nei book value. Therefore. no surplus or dcficit on disposal falls to b¢ recorded in respecl of the transf¢r. Fumiture and equipment Exp¢ndimTC on the purcha8e and replaccmcot of furnitwe Rnd equipment is capit21ised and deprecisled OV￿ a five year peiiod, based on Ihe esiim8*d ￿ger￿1 life of Ihe assei. on a straighl line basis. Heritage Centre r￿tureS gnd fittings Expendin￿¢ on the pwchase and replacemeoi of fIx￿re￿ and fittings ftsT th¢ Heritage Centre is eapital￿ed Er depr<*ixted bctwcen 4/0 and 20/0 per annum depending on the na&Jre of thc asset8, on È straight linc basis in order 10 writs otTthe cost (If each a$8ei over its eslimaied useful life. Motor vehicles Motor vehicles are capitslised and deprciated ov¢r 3 four-year wi04 Dn a straight line basis, in order to write off the coll ofeach asset oyer its e&imat¢d useful lifc. Ftxed asset Invdtmettts Listed investments are a fornj of basic firtancial instrument and are initially reco8nised al their transaction value and subs¢qu¢ntly m¢a5urcd at ihcir fair vaiuc as a¢ ihc balance Sheet date using thc closing quot￿ market pric¢. The charitydoes nota¢qu¢r¢ pui opiions, dcrivatlves orother wmplex finfjncial instrnmmts. As no*d above ihe mÈin forn) of fuJan¢ial risk fac￿] by the Charity is thdt of volatility in equity mark¢ts and investment tnarkets due to wider economtc conditions, the atti￿(le of investOTS to Investment risk. and changes in sentimcnt ¢onc¢rnio8 eqllili¢S snd wiihuj pgrtlw1￿ s￿1¢r$ or sub s¢¢iots. Rcali8cd gains {or10s5esl on investment assets are￿I¢v18*d lls the difference between dispos&l pFoce&ls And their 2S LirrLE COMPAF4Y OF MARY SISTEkS E.YCLAND Cto PRINCKPAL Accouf4TING POLICIES FOR THE YEAR Ef4DED JO JUNE 2025 RcaJis¢d gaitis (or1088¢s} on is)ve&meni 888ets are calculatcd ￿ the difference betw¢cn disposal proceeds and thcir opwing carrying value or their purchase value 15 3cquired sllbs¢qu¢ni io thc first day of (he financial ywdr. UT￿ealISed gain5 and losses arc calculatrd as the diffetence between th¢ fait value at the year-¢nd and thcir carry￿8 value at ibat dalc. Realiscd and unrealised inveslmeni gains lor losses) are combined in the statrment or rinAncial activities 8t￿ are crcdii)l {or debitcdl in the year ijt which thcy #ti5e. Deb¢oTS Debtor$ 8re reCo￿lS¢d 8t their scttl¢m¢nt amouni, Icss any provision for non-recovenbility. Prepaymcrtts arc valued at the amouttt prepaid. They have been discouttted to the present Value of th¢ fvtUf¢ G&sh rccejpt wh¢r¢ wch (tiscounling is material. C¥h at hind Cash at bank and itt hand rcpresc))Is such ￿cOunt$ and ittstruments th&1 are 8vAilable on demand or h8Ye a matunty of less ihan th￿ months from the dai¢ of a¢quisiiion. Deposits lor more than three months but less than one year haye been dis¢los¢d gs 8hort term dq)05its. Cash placed on d¢posit for mor¢ tiw) ODe y¢8r 18 disclosed as 8 fixed asget inv¢simenl. Crediton atsd provi$iorts Crediiors and provisions recognised wh¢n th¢r¢ is an obligation at the be13nce sheet dale as a result of a past event, il L5 probabl¢ that a traD5fcr of ¢¢onomi¢ beD¢fit will be required in gettlerncnt, l￿d the amount of thc scttlcment can bc esiimawl reliably. Crediiors and provisions are recognised at the amowjt ihe Charity anlicip8ts il will pay to settle th¢ d¢bL Th¢y hay¢ b¢¢n discounted to the pre8ent value of the futurc cash ￿Yment where sych diacounting 1$ matrrial. Fund structsre Gencral funds represent those monic5 which arc frcely available for application towards ￿hleVing yny charitsble purpose that falls within Ibe charity's charitabl¢ objects. The tsngible fixed ass¢is fwjd comprises the net book vHlu¢ of charity's ian8ible fixed &sscts oiher than ihose funded m rts%tricted fuftdg, tho existcncc of which ￿ fundamental te the chatity being abl¢ to perforni its charitable work and thereby achieve ils charitabl¢ objeclives. The value represented by such assets should nut be re8ardcd, tlw¢forc, as lis&bl¢. Dc8ignat¢d hnd5 comprise monies set gsid¢ outof Unl￿tri￿¢d grtwal fund3 for spe¢ifi¢ futurc purtx)se8 orproje¢ts. Resiricied futsjs comprise asstts and monies rat8ed for, or Ihcir use ￿$tricted to, a swific purpos¢, or rontributions subje¢r to donor imposcd conditions. Servl¢es provlded by members of the Congreg&tlo For the purrA)ses of Ihe8e accounts. no value has b¢¢D p5llced on administrative 8nd other seDrices provided by ihe members of the COn￿¢8￿tiOn. Forei8n curren¢le5 Assets and liabilities in fo￿18￿ Lwrcncies are transl2ted into stCTlinB at thc ratts of exchan¥¢ rnling at th¢ balan¢¢ she¢t date. Transactions in fereign CUTTencics arc translatcd inio sterling 81 th¢ ra* of exchdnge Thling at ihe dale ol th¢ tra5LSactiott. &x¢ban8e differences are taken into account in arriving at lh¢ llct movem¢nt in funds. 26 LITT[￿ COMPANY OF MARY SISTERS ENGLAND CIO NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 INCOME FROM: DONATIONS AND LEGACIES Ullre5tricted Rt8trEeted Funds Funds Total 21n5 Unresfrict¢d Restrscted Funds Fund$ Total 2024 5istU5' ￿lariC￿ andpeAsions dts￿ated tsndttGtft Aid or Dttd of CoveDaDI Legacics DoDations 160.705 1ffl,705 166.441 1,457 885 166.441 6,617 2,192 5,160 1,307 562 635 1,197 £161,267 £635 £161,902 £168.783 £6,467 £175.250 INCOME FROM: INVESTMENIS AND BANK DEPOSITS Ullre5tr5¢sed Re5tr1cted Fund5 Funds Totxl M5 U#rtStri¢ted Funds Resiric*d Funds Total 2024 Inwme from IisEed invesbTr)ents Bank iniertst 311.870 5,456 311,870 11,671 324.680 5.034 324.680 17,476 6.215 12,442 £317.326 £6215 £323,Yi £329,714 £12,442 ¥342.156 DEFICIT I SURPLUS ON SALE OF T￿GllBLE FIXED ASSETS Unreslrlcted fund5 Net Book Vilut Funds UnTe51riclcd fun(k N¢1 ￿L￿k Valut Fw Proceeds PtrKeed$ Inetl Funds Tot41 21llS Totsl 2024 F¥J)ds (Deficill surplus on di5rrf>sal or freehold property 282,957 1342.0911 {59.1341 120.334 7J19 Surplus OD dtsposal ofJJJotor vchiclc 4,250 4350 4.000 121 3,998 Overall (deficit) 5UTplus on disposal ofiangible fixed as5e15 £287,207 q342,091) 448841 £124.334 27 LITfLE CONIPANY OF MARY SISTERS £iYGLAND CIO NOTES TO THE FINANCIAL STATEMEf4TS FOR THE YEAR KNDED 30 JUNE 2025 EXPENDITURE ON: SUPPORT OF MEMBERS OF THE CONGREGATION AND THEIR MINISTRY Unrestricted Restricted Funds Fuuds Tolgl 2025 Untestric*d F￿ndS Rcstrictrd Fund5 Tothl 2024 Premises and equipmertt costs Sisie]E' livingand ministry cxpcnscs Other support ¢ost8 Gov¢rnanc¢ costs Ino* 71 27,450 27A50 85.289 85.289 739,774 151,192 13.560 739,774 151,192 13,560 682,168 109.447 682,168 109.447 £93l.976 £931,976 £890,014 £890,014 EXPENDITURE ON: DONATIONS AND GIL4I%TS UDre5trlcted Restrlcted Futtds Futtd8 Unrc5tricted Restricted Total 2024 20Z5 The Pdliative Car¢ C¢ntr¢ in Korte, Albani Contribuiion 10 the Generalate MerseysTd¢ Couns¢lling Little Company of Mary Gen¢ralate Emerg¢ncy LCM ConBregation Associites Fund C￿a Ger￿LI1zia CAFOD JBsuit Rcfuge¢ Service RLSS- Do]JaLion io Cott￿0 Furtd FArnulli8 ChuTch Alb8nia K Wilkinson- Donstion to suppon masters Catholic Marriagc Care Si Barnab￿ QthedTHI The P3s52%e Emmdus House m￿,3 Me&is Shooting Star Chkldrcn'5 Hospi¢¢ Cardinal Hum¢ C¢ntr¢ Catholic Children's Socicry Emmanu¢l Hous¢ Aid io the Church in Need Catholic Church, Alb2llia Good Shcphcrd Building Fund 31.683 63,050 37.894 69577 63,050 40.000 96.945 96,945 63,050 40,0(MI 63,050 40,(M)O 9250 9250 12,5 12,500 2.000 8,617 10,000 8ffi17 10,000 10,O(KJ ID.000 10,000 10,000 I.oIM) 1,000 1.000 1,000 5,000 1,000 5,0 5,000 5,0(KJ 1,000 5,or 1,000 5,000 5,000 5,000 1,000 s.￿0 5,000 5.000 5,000 2,000 5.000 2,000 5,000 3,1100 5,(N)O 2,000 s,￿0 2.000 5,000 3,000 2,000 I,O(M) s,￿0 2.000 5,(X)O 2.QOO 5,000 2.(H)O 5,0(M) 3,0(h) 5,0(K) 3,000 2.000 1,000 PaYM￿t5 of Icss tlw £l,(M)O cach 1.310 2,0(M) 2,ory) Total £203,910 £37.894 £241,804 £185.550 £96,945 £282,495 No (k)natiotJswere pllid ttr individuals in the ycar to 30 Jwje 2025130 June 2024.. none). 28 LITfLE COMPAf4YOF MARY SISTERS ENGLAND CIO NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30 Jlll4E 2025 EXPENDITURE ON: HERITAGE CENTRE D15CQlltlnued 4ttiVity ￿11￿ gffEct from February 2025 Ullrethi¢ttd Funds Rutrlcted Fuuds Total ZgZ5 UnY¢sttiled Kegrricted Fun(ts Furtds Toral 2024 Ilcrttagc Ccntsc opcrattng expenses D¢pr¢ci21ion 25.672 56.165 43,982 81,837 43,982 112.692 75,432 12,692 75,432 £25,672 £100,147 £125,819 £188,124 £188,124 GOVERNANCE COSTS Total 2025 Total 2024 Auditor's T¢rnuncr4lion (including VAD.. . Curr¢nt year - Prior year 12.750 810 12.750 360 £13,5611 £ 13.110 NET MOVEMENT IN FUNDS FOR THE YEAR Totsl 2025 Total 2024 This i& 51ated 2fter ch9r8i]581 Icreditingl.. Suqff costs (note 91 Auditor's remuneration (in¢ludin8 VATI.. - StsDJlOry audti fee8 . Current year - Prior y Deficit Isurplusl on di5pos81 of tsngibl¢ fix¢d assets Heriiage Cenire cash transferttd Heritage Cenire flxed assets transferred DeprecislioTh 515.694 493,207 11750 810 54,884 674.605 1,498,613 140.863 12.750 360 161033 29 LITTLE COMPANYOF MARY SISTERS ENGLAND CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR £NDED 30 JUNE 2025 STAFF COSTS Total 2025 Tot21 2024 co818 during the ye2rwere 38 follows.. Wages Ènd sa12ries Social s¢¢uriry ¢08ts Otherpension costs 416J72 28,158 22,558 409,892 26,772 18.572 467.088 455,236 Agency st8ff 48.606 37.971 £515,694 £493.207 No ¢MplOy¢￿ ¢amed £60,000 p¢r anrtum or moFe (excludin8 employer'5 pension contribuiion5 but including benofiisl during thc yc4r12024-. non¢l. Thc average number of employ¢cs, analysed by timction, was.. 2025 2024 Support of membcts of the Congregaiion and thcir ministry Herila8c Cenire (until trdnsfcr tn January 2025} 17.6 19.1 19.6 10 KEY MANAGEMENT. TRUSTEES, EXPENSES AND REMUNERATION AND TRknYSACtIoiYs WITH TRUSTEES The th]stee8 consider that the key management of the eharity ¢on8lSt of ttvo Sisters, including the Leader of LCM EnBland lo whom, much of the running ot the day-kn-day operation devolvc4 and a lay ￿Tson. As reli81OUS sisters, under a vow of poverty¥ the LCM Sisters who are tnjstees, do noi re£eive remunerdtion th¢ Tieasurtr, the lay tnL%t¢e. rxeivcd a salary in llcr capacity as an cmployee. Thc charity's mlstrs Src all Jnembcrs of the Congrcgaiion and consquently their living and personal expenses, ail of which are con51slenl with amounts paid in respect of other mernlw5 of thc Conwgation, 3rc borne by the chaTity. No iru5tr¢ received any remuneralivrt or reimburs¢ment of expenses in cfjnne¢iion with their duiies as key an(Uor truste¢5. As mcmbcrs of liJ¢ Congrcgalion, none of the IThSte￿ have ￿SoUrC¢S of thcir own All earnings, pcnsion8 2nd oiher in¢om¢ hav¢ be¢n dondied to the charity under a GiA Aid ¢omplianl Deed ofcovenani. During the year. Ilie totsl gmount donat￿ by the truslecs to the charity was £27,5￿(2o24.. £38,190). Mrs Eileen Fros1 an ¢tnployeB of the Clwity, appointed as a Tn￿t¢¢ on 2 Septembcr 2024. Itt thc period sin¢e her APPOlrttment, she has T¢c¢iv¢d remwjeration of £35,123 (2024 - £rtill, ittcludin8 Employefs Pension Coniributions of £6,798 12024 - £nill her capacity as an cmploy¢e. Charity Commission consent 10 ibis was ¢¢ived, in aGcordan¢e with clouse 6 of iht Conslitulion, on 15 August 2024. TAXATIO¥ The Little Company of Mary Sisiers England CIO is a Charitabl¢ Jn¢OtpOrat￿ Organisation and. thcrefore, is not liabl¢ to incorne tax or ¢OWOTAtion iaJL on income d￿1ved rtom its Chgritsbie gcliviti¢s. ￿ it fall$ within Ike variou5 exemptions awailable lo rcgislered chariti&s. 30 LirrLE COMPANY OFMARYSISTERS ENGLAND CIO NOTES TO THE FINANCIAL STATEMENTS IcotLtiDuedl FOR THE YEAR ENDED 30 JUNE 2025 12 TANGIBLE FIXED ASSETS Land *ttd BuiJdlfjg$ HerltaEe Centre and furnlture Non- Spe¢i￿1$¢d spec1￿lSe￿ Flt¢iny Equlptuent Motor v¢bl¢l¢$ TOTAL C05t OT valuation Al l July 2024 Additions Disposals Tr3nsteJ of Ilerit> Cenlre lo the Generalats (note 241 1,527255 3.320,620 1,261.037 29,411 103.725 18,180 49,880 6262,517 22.939 70,530 (342,091) {342,091} (1.481.827) 11.290.448) 12,772,Z75) 30 June 2025 ,185,164 1,838,793 121.905 72,819 3218,081 Deprecigtion Al l July 2024 Char8c for the ycar Transfer of Ileritagc Centre to the Generalate (note 241 1,253.093 97.833 799,966 26,694 98,529 6,693 38,157 9.fA3 2,189,745 140,863 {447,0021 (826.6601 {1273,6621 30June 2025 903,924 105,222 47,800 1,056,946 Net book value 30 June 2025 £1,185,164 £934,869 £16,683 £25,019 £2,161.735 30June 2024 £lJ27,2SS £2.O67.527 £461.1171 £5.196 £11,723 £4,on,772 As pertnitted under FRS 102, the charily has opled tD 3dopl a policy of not IEvaluin8 its tanBible fix￿ assels. The book value of th¢ 18nd Èrtd buildings owned 2t 31 December 1997 ts ba8ed on trnstees, valuation made. with pmfessional a8818iance. as ai ihai dale on the basi8 ofrepla¢tmeni value for existlll8 use. As perniilled by FRS 102, with effect from l ja[￿8ry 2014 the value &sSi8neil to thi4 protety is now deen)ed its c03t. Additjon5 in 5ubs¢qu¢nt y¢ars arc 5tatcd al c05t. Other tangible fixed assets are 51aled at cost. Non-specialiscd land 4uJd buildings incI￿led one property (2024.. two properties) held on 8 long I￿¢ of 999 y¢u8 which comtnenced on 29 S¢piember 1968. The nei bwk v8lu¢ of the property in the bg1gn¢e sheei at 30 June 2025 was £359,987 (2024.. £702.08?). All othcr land and buildings, both non-speci£lised and specialised. were fr¢¢hold. The histOriC21 cost of the treehol(f land and buildings Incl￿d￿ aknve 3t a vRlualion cannot be obtsined without SiErtifitant time and ¢KP¢ll5¢ r¢5¢3rching pgst r¢¢oTds. The trust¢es 8T¢ of the op¥nion that su¢h informatlOD would noi add ￿ thc undernianding of the ac¢trunts. li is likcly Ihat there are material dilferences between ihe open tnarkel values of the charity's land And buildings and iheir book values. These ari8e from the 8peci8Jised nablre of some propertieg 2nd the etTects of inflation. The atnounE of sucb differences ¢anntst be ascertained without incurritig Sig￿rIcant costs, which, in ihc opinion of tTUStees. gre noijustificd irt t¢rnl8 of the bcn¢fit to the users of thc accounts. LITTLE COMPANY OF MARY SISTERS ENCLAND CJO NOT%S TO TIIE FINANCIAL STATEMENTS FOR THE ITARENDED 30 JUNE 2025 J3 LISTED If4VESTMENTS Total 2025 Totsl 2024 Listed itiytstments Matkcl Ytluc at 30 Jutt¢2024 D15posals al book valu¢{$cc bclowl Nel unrealised investmenl11055BsI 8ain8 10.934,555 (486,3291 {371.1691 10,634,917 1522,515} 822,153 Mark¢t value xt 30 JuEse 2025 £10,077,057 £10,934,555 Cost of 4ss¢ts llt year-end £9.574851 £10,020.527 Total 2025 Total 2024 Disposals al Ix)ok value included aboyc aT¢ up ofthe following.. Procee(L8 (Gains) 1055es on dispDsal SOQ.O(KJ 22,515 £486J29 £522,515 LiS￿d inv¢stments h¢ld eomprised the followtijg: Total 21125 Totsl 2024 CAIF Catholic Inv¢stm¢ttt I￿oMe Fund £10,077.1157 £10,934.555 32 LITTLE COMPANY OF MARY SISTERS ENGLAND CIO NOTES TO THE FJNANCIAL STATEMEIYTS FOR THE YEAR ENDED JO JUNE 2025 14 DEBTORS Tot¥] 2025 Total 2024 Invesiment income and interest ￿￿e1Vable Prepayrt￿lIES Other debtors 73.588 30,810 10.349 77,689 17,294 8.167 £11<747 £103.150 15 CREDITORS-Amounts flllling due withln one yeir Totsl 2025 Total 2024 Monies admtni8iered on behalf of individual rnernbe of the Congrcgalion Donations Sundry creditors A¢cruals and def¢rTed incottLe 20.140 20.140 59,970 8.975 20,250 15,501 22,950 £$8,591 £109.335 33 LITTLE COMPANY OF MARY SISTERS ENGLAliD CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Juf4E 2025 16 REST￿CrED FUNDS The incomc fi]nd$ of the ch9riry in¢lude restrlcted fund$ tompri8ing th¢ followsng a8Seis and urL¢xpcrthd balances of donations artd grant8 held on trust fo be 8pplied forspe¢ifi¢ PUFPOSeS'. Currpnt ye AlbAlliA Herltage C¢ntre Vuttd Totsl (99 restated) At l July 2024 Income Exp¢ndirll 37,894 2.266,515 6.850 12,273.3651 2J04,409 6,859 {2Jll.259) 137.8941 At 30 June 2025 Year Albathla Fllnd Heritage Centre Fund Totsl 145 restated) At l July 2023 Ineome Expenditur¢ 134,839 2,435,730 18,909 {188,124} 2,570.569 18,909 1285,0691 {96,9451 At 30 Jtsrte 2024 £37,894 £2266.515 £2.304.409 AlbAn5a Fund Thi5 fund comprÈs¢$ raised specifically towards th¢ Congrcgation's mission in Albartia. All the ren12inirtg onics wslhin the Albania FwKi were 8peni in the year, leaving a nil balance Rt 30 Junc 2025. Herltace Centre fund This fund was esthblish¢d in 2006 froTn a donation from the Little CoD)pany of M8ry Generalate in ord¢T to establish a Heritage Centre in Nottingham. In 2(NJ9, donations atnounting to £2,695,600 Were rcceived from th¢ Congregation's ProvinceslRcgion$ in Australia, Ireland. Korcl N¢w zeal￿ld, Soulhern Africa and United Siatts of America to help fIn￿ce the d¢velopmenl of the Herilage Cenlre. This Heritsge Cenire was otyicially op¢fted on 10 February 2010 and is used kn prtscnt 8rtefath8 and men]OTabilia relating 10 the fowLdrcs$ of the Little Company of Mary. Venerable Mary Potter. Thc balance on th¢ Heritllge Centre fulld at 30 Julle 2023 has been ￿31St¢d Isce Dote 21. Ail in the fund wer¢ ￿ansferred to the Generalate in February 2025. 34 LITTLE COMPANY OF MARY SISTERS ENGLAND CIO NOTES TO THE FINANCIALSTATEMENTS FOR THE YEARENDED 30 JUNE 2025 J7 DESIGNATED FUND Tb¢ inco>mc fvnds of the thsrity include the following d4qignat¢d fiwd which ha8 becll S¢t s¥id¢ out of un￿51T￿¢t¢d funds by the tnjstees for a specific purpose.. Slsters. Rttlrement Fund Congregatlon Givirtg Futjd Total At l July 2024 Utilisedl rclc 4.700.000 1.961.912 1203.9101 6.661.912 1203.910) At 30 Jwie 2025 £4.700,IM)O £1.758.0O2 £6,458,002 Sisters, Retirement Fund Cortgregatlon Glvln2 Fund Totsi At l July 2023 Utili$cd I rcleastd 4,7(h),000 2,147,462 (185,5501 6,847,462 (185,550} At 30 June 2024 £4,700,(M)o £1.961,912 £6,661,912 Th¢ sis¢¢r5' retir¢m¢nt fund con5i5ts of monies Nthich th¢ tru5t¢es have set agidc in order to provide for the 8iSters in th¢irr¢tir¢Tnent. Th¢ fimd value ha8 been calculatrdusin8 aetuarial prinLiples. The ConBregaiion giving lund consi51s of monies set aside by the trustees, th¢ investment incomc on which ts to be applied toward fjjture grant5 and donaiions. 18 TANGIBLE FIXED ASSETS FUND TotAI 2025 Total 2024 A¢ l July 2024 Nei movements in year 2.559,588 1397.8531 2,739,054 {179,4661 At 30 June 2025 £2.161,735 £2,559,588 The tsngible fixed assets fund represents the nct bwk v8lu¢ of the chariry's freehold propcrtics and other tangible rixcd a5scls othcr Ihan a$5eis fithdcd from the restrictrd funds of th¢ ¢harity. A decision wa8 made lo separa thi5 fund fiom th¢ general funds ofihe charity in recognition af the fact that th¢ tangiblc fixed ass¢is ar¢ essenliAI to th¢ dRy-tIFday work ot the charity ond as 8u¢h the￿ valuc should n(It be regarded as funds thai would te available in order to meet futur¢ coniing¢nci¢s. 35 LIME COMPANY OF MARY SISTERS ENGLAND CIO NOTES TO THE FIN￿CIAL STATEMENTS FOR THEYEARENDED 30 JUNE 2025 19 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balancesRt30 Junc 2025 are repr&qentcd by: General fund5 Tangible Fixed Assets futLd5 De51¥Thated fundg Re$trlcted fund$ Tot&1 2025 Tan8ible frKed assets Inve5tmerJts Net current assets 2,161,735 2.161,735 111.077,057 461312 3,619.055 461,212 0,458,002 Total Det assets £4.080.267 £2.161,735 £6,458.002 £IZ,700,004 Fund balances at 30 Junc 2024 arc rcpresentd by.. As Re-ststed Gener31 funds Tangible Fixed A55ets fllndl DésigknAted funds Restricted funds Total 2024 Tangible fixed assets Inve5tmellts curroJt assets 2,559J88 1.513,184 4J172,772 10,934,555 1.092,433 4,272,(A3 301208 6,661.912 791,225 Totsl Det a8Bets £4573,851 £2.559&88 £6,661,912 £2J04,409 £16.099.760 Th¢ iothl u1￿]iSed gains as at 30 June 2025 consiitute movernents on revalualions of invesimenls Are &s follows-. T0181 2024 Totsl 2025 u￿re￿Ised gAlns on Inve5tmeJ)ts £502306 £914,028 Reconciliatlon ot movemeThts In unrthlistd11055e5} gain5 Urtrealis¢d gains al l July 2024 Less.. in respcci of disposals in the year Net Ilossesl gains aTi&ill8 on revaluation in the year 914,028 140.653} 1371,169) 96,623 14,748) 822,153 Unttaltsed g¥ills at 30 June 2015 £502,206 £914.028 36 LITTLE COMPAP4YOF MARY SISTEiL8 ENGLAND CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 20 PRIOR YEAR ADJUSTMENT It became apparent that certain sums charged to expendiDJre of Un￿strICted Fund5 th¢ Sts*tnent of Adivities duting ihe period l January 2018 to 30 June 2022 in faci relaied lo the Heritag¢ Centre Restricted Put￿s. Accordingly, the balances on the HerilB8e Centre Fut￿1￿ been reduced and Unrestricted Funds incre￿edbY the amount involved of £84,347. 2025 2024 Utyrtstri¢ied Funds Umrestrieted Fulldy Restricted Fund Rt$irJ¢t¢d Fund$ Fund BglAnces brought forward at l Ju]y as previously r¢port¢d 13.711.004 2,388.756 13.477.116 2.654.916 Prior Ytor Adjustments Re-cl8ssif&calion ol'exp¢ndityr from Unre8trictcd to Restri¢t¢d Funds 84.347 {84.3471 84.347 184,347} Fund Balances At 30 June gs re-sigted Net n]ovcment in Funds as prcv1o￿S]Y stated 13,795,351 2,304,409 {1,095,3471 {2.304.4091 13,561,463 233,888 2570.569 {266.1601 Fund Batallt￿ 2S at JO £12,700,004 £13,795.351 £2,304,409 No adju51ment fa118 to be made in the Siatsment of Financial Activities iTh ¢iiher the curTent or the preceding financial year. 21 POST BALANCE SHEET EVENTS A properry in Nottingham owned by the Charity was sold after th¢ y¢Jr end for £465.000. The property is included in the Bal3TJCe Sheetat aNct Book Value of£129,088. ULTIMATE CONTROL Thc ¢hATity. which is constityted as a CJO. wis c