Charity registyaiion number
1198702
Charity of the Sisters of Christ CIO
Report and Accounts
31 December 2023

Charity of the Sisters of Christ CIO
Report 8nd accounts
Contents
Leoal and administr#tii'e infornjarion
TrUS￿s, report
Auditijrs, r¢p)rt
Statement of financial aeiiviiies
10
BalaDc£ sl*£t
Statcmcni of cash flows
NotLS ro thL accounts
13

Ch¥rity vf the Sisters vfchri54 CIO
ond •dministr¥tive infornthtion
Trllstees
Sisier M41ry F.li7akih M#genity - retired March ?0•1
Sister Ram￿ai.el0 lknoii'n ￿ Si Emerenliennel
Sister Joyce Bone
Sister Ita Cnnlan luntil Fe7)tuary th231
Sisler Angèle Lx JolleL
Sisier Maroaret m￿o￿niCk
Sisier Roo¢lin¢ RahenimathanLW- 4)wJinied January ?0?.3
PrtsTrincial Superior
Sisier Efflerentienne Rattloravelo
Burbar
Sisierjoyee Bi)ne
Principal o￿lee
orlan(L
Mayfield Road
London
SW19 3NF
Charity number
1198702
Auditors
Borucki & Co
4? Radnar R()ad
Harrow
(Idle5¢A HAI IRZ
InvestTnEnt
Ini"esiec I￿.ealth and IniesiTrtni lATniied
? GteshLUn Stteei
London ECIV 7Q
Bre￿.]￿ Dolphin
l? Smiihfield Sireei
ECIA 9L4
Banker5
Royal Bank of SL-thlan(I pl
l Hardman B￿jIelard
fanchesler Ml IAQ
Solicitors
Poihe£ary W-iiham W¢ld
84 E¢¢le.%Lon Squa
London SM."1 IPX
Sione Kino
Baieman House
8?_%8 Hills Road
Cambridge CB2 ILQ

Charity of the Sisters of Christ CIO
Th￿teeS report
Thc Si8tir8 of Christ ChariLqble IncorporatL"d Organisaiion ICIOI no 119870? becamL actil'c on
1° January ?023. Funds at the bank and all othti a55eis ￿'t￿t [ranSfe￿ed on 31" Dece]nber 2022 from the Sisters
of Christ, regisiered Charii), number 294746. Hol'ing rnet with unexpected Problems in the auiumn, the irustees
appreciatcd ihc sigllificani hilp gii'cn by our rclaiionship rnanager froTn ihe Rol'al Bank. of Scotland and Stonc
King SoliLiiors. During the li￿1 f¢￿. months of .0.3. all are￿ Or￿miniST[all0A ￿'t[¢ monitored Closely ro Confirm
that everyihing was running as planned.
li was a difficuli year with the unexpeC￿d death of a inJsiee. Sr Tia Conlan. In February. She had served for many
years as a m]ste£ tor the Chariry Sisters ol Christ and is still i'ery fftuch rnissed in the life and mission of the sisters
in Et]¥ldnd. At the b¢uinninu of March, new. ttUStees weT¢ app)inl¢d 41nd others confirtned in their rol¥ as tnjstees.
The Superior General the tru5tee5 of the Charity. Afier their appoinimeni, the role and reswnsibilities
ol a irustee are discussed and explained in dethil. The narnes olihe Irusiees ii,ho seri'ed during ihe )iear are sei out
&5 part of Ihe referen¢e and administyaiive deioi15 page of this annual retK)rt and accounts. Brief biographical details
Oli ¢dLh ttustee dre oiv¢n below.
Sister Ratnoravelo-
rior General
Si Rarnoravelo (known a5 Sr E￿¢￿enti¢￿￿e LD rehuion) wa5 re-elected at the General Chapter of the congregation
in ilugust 2022. Previously, she ivas on ihe General Council, h&s been the Pro¥incial Superior of Madagascar and
hds worked in the form<lticin of yijuno 5iSt¢rs. Hei wid¢ experience <i1s(i includes t¢41LhiniF in schools dnd leLturin¥
Phi108nphy in a 8Lmin2ry.
Sister Jo ce Ilone
Sr Joyce is General Bursat of the congreg￿10￿ and is also resp)n5ible for the financial adn]inistration of the
communiiies in b.ngland. She w&s eleuied io the cong￿gallon s General Council in August 2022 after fulfilling
this rolc oncc bcforc in ?(KI9-201i. In the p&%t %hc has workcd as a Icachcr in middlc and sccondary schools. scrNcd
as a school goveinor and has i'aried pasioial expetience.
Sister Guenolee Le JolleL
Sister M￿le Angele L£ Jollec (known as Si51er Guenoleel is ai preseni the Delegate of the Sllpeiior General for
the noirthetn patl of Ihe European Deleuation ￿'hICh includes Enuland. Her experience includes t￿l￿g provincial
superior of Europe and pMvin¢l￿ councillor. For a long lime. she was restK)nsible for the formalion of ne￿ sisiers
alld has varied pasioral experienLe with voung T￿pIt. whiLh incluiJe5 restM)ll5ibililies at dioc£5an level.
Sister Ma
enis
Sister May w'as the PruYinLidl BuT5ar in Englilnd w'ith oi"erall re5pDn5ibility fur Ihe findnLe5 of the Lharity for over
twenty Ye￿i[s. .4s ￿￿'t11 ￿ admini5trdti%"e experienLe. Sister Mdy hds had i aried PdStural in*uli'eTheiit. served the
Lungregatiun a5 proTrinLial Superior dnd ￿ d rnembeT of Ihe p￿11 inLidl LLiunLiI. She retireij d5 d trustee dt the
beginning of MarLh 2023 dfter Thany uf faithful serviLe.
%i8icr Mar
arLI McC.ormick
Sisicr MLugarci (CJrettal has varied expericncc in thL" ficld of cducaiion s￿lalIsing in Religious Educaiion. She
iioht in a Patish Primary School for ien years before beC0n]in￿ Head teacher of an Indepeiideiit Pi'irn￿y and
S¢condary school. She moved to London ￿'here She served as a mernberof the English Proi'incial Coun¥il aiid she
'a% eTnployed by the Dioce* Df We%iminster as Advi%er in Religioug FAlucation t(Tr Primary School%. She
tr￿n￿ferred to the diace%e of Southwark ￿'here she also became an OFSTED iiispe£tor S￿la118]llg in the
a%se8sment of Religiou% Education in many Primary schools. Now reiired: She participates in the pastoral actiN'ities
uf hei IuLdl parish dnd with vui Associates.
Sister Ro
eline RtheTri[na￿￿￿1Soa
Sr Rogeline arrived in France in ?01 ? a(￿r a forniaiion in financial administraiion in Madagascar. Her forniaiion
continued in the Unil'ersity of Lyon w'ith studies in Canon concerning Religious Life and Civil Law. From
2017 uniil 2020, She w&$ respx)nsible loi a Spitiiual Lenire beli)n(Tin(T li) Ihe Congregaiion. At present. she woiks
alongside the bllrsar of the deleoaiion Europe and M'ith the General Bursar of the Congregation in Pari5. Slie was
named as a trustee at the beginnints of March 2023.

Charity of the Sisters of Christ CIO
Th￿teeS report
Thc tru8tiL% ari ultimatLly re%pot)_%iblL for thL polieiLS, acijvities_ and assLiS of the chajiry. ThLy meLi &s required
to ieN'iew development5 ieuatding the chatiry or its aciii"ities and fftake any itnportant decisions. CO￿[nUniCatIon
betiveen trUs￿e$ coniinues dunno the year.
Ivhell ncccssary, the tru%iccs scck" advicL and sUP￿rt frotn ihe charity s profcs5ional adviscrs includin15 invcsiimcnt
anagers. soliciioTS. and accountants. The day-io-dav managemeni of Lhe chariiy'5 dctii'ities. and the
iThpleTnentaiion of policies. is delegated io the approprithe TrusLee or Tnember of the congreEdtion.After the
renewal of the Mem￿[Ship of the trustees. all the ￿1]it1eS that weie in plac¢ for Chariiy 294746 were considered,
along with the list olpossible policies gii'en by the Charit). Commission. li was agreed io svdrt a pmcess of revision
and introduction of other policies that We￿ thoughi necessary.
PRINCIPAL AIMS AND OB
The dccvuntS 4Lccumpdni'ing this rewn are the accounts of Ihe CIO wilh a5seis priimarily for assisting the religious
and other charitable works of the sisters atjd i)thers. A secondary implicit obJectiNe is to look after the well-being
ot the sisters liN'ing in England.
The ministries of the si5ter5 of the congregation I￿nefit nutnerou5 rnetnber5 of the general public: both here and
throughvut the w'oild. The 51Sters tty to k alonu5ide others and ￿ork Vlith thern '"in all that pi'ornotes the true
#aninu ijf life and the valu# of th¢ hutnan person. in particular in the field5 of education, pastoral rninistiy, health
Cale dnd 5LKial w(Trrks. Icunsliiutiuns I I I
The rnajor asset of the chariry is the sisters and a principal aaii'iry of the trust is to provide for their welf￿￿ and
enable them to work toward5 fu]filling its obje£tiYes.
TRUSTF.F.S' RFSPONSIBII,ITIFS WITH RF.GARD TO THF. ACCOUNTS
IlndLr chariry Ill￿., thL tn]%tL"L% arL fi%wn_%it)IL for prLparing thL TrnsiiLS Annual RepTrrt and ihc financial
statLlliints toi. cach fInanci￿ year, w'hich thow a trnL and f￿r i-lL1￿. of itk" situation of thL C.haJiry.
In preparing those accounis, the m]stees are required io:
seleLt suitable acLounting wlicies and ihen apply them consistently.
ak-e judgetnent5 and esurnaies thai are reasonable and prudent.
qtatc whcthcr thc rcLÉ)mmindaiiDn.% nf thi .%thiLmeni of RiLommcnd£d PraLliCC havc ￿en fi)Ilnwcd,
quhjcci 10 any maiLrial dLparturL% dI￿]￿r￿d and txplaincd in thc financi&l staicments.
sthte whether ihe staiemenLS Lomply wilh ihe (rust dttd. subjeLI io at)y Ma￿rial departures disclosed and
explained In the finanLial $th￿rne￿￿.
prepare finanLial 51alefflenls the uoiDg collcem basis unle55 11 is iTrapproptiale lo ptesurne Ihe charily
will continue i15 activilies.
The Iru51ee5 ate requited lo act in aC￿[da￿Ce y'ith the ttusi de£d or consliiulion of the charily.. wiihin Ihe
(rd]newurk of Itusl la￿.. They are i¢spvnsible foi keepinLF
? pro￿￿ record5, surriLi¥nl lo di5LIc)5e al any lirne, with
re<LSUlldble ￿LUrdLY. the findnLial p05ili(Trn uf the Lharity di th4LL tiTne: dnd tu endble the tru5te£s tu ensure that,
where any statements of aLLounts are prepared by (hem under section13? (l) of the Chatities Aci 2011, thLise
staiements of aLLounis Lomply ii'iih Ihe requirements of retsulations under ihai pro*ision. They ha*e general
responsibility for taking SULh $￿pS as are wsonably open io ihem io safeguard the assets of ihe chariiy and io
prevent and deteci Iraud and oiher irregulariiies.
RESERVES POLICY AND RESERVES posrfIoN
It is <i faLt thdt the sisters aTe lunuer in reLeipl of 54Llarie5. The Chatity now Tllust rely on the inLome fTom
pensions and inl'estments to provide funds lor the support of ihe SiS*TS and their charitable works. The trustees
aim to retain sullicient resm'es to do this.
INVESTMENT POLIC'Y
Oui Inv¢strn¥nl Ptirtftilios are rnandg¢d by InV¢s1￿ w¥￿illh Ini'¢sitnenl Litnil¥d- woikints ￿'lIh Rdihbvnvs-
and Biewin Dolphin who rekx)rt io ihe Ttusiees ei'ery ihtee mi)nih%. These funds are mana(Ted in a¢¢oidance with
wriiien ouidelines seiiing out ihe relitsiouy and eihi¢al prin¢iples of the Ci)ngregthtion. The thrget sei for ihe fund
managers is to deliver an agreed re￿rn ol l)oth income and capithl growth wilh no more than a moderate level or
risk.

Charity of the Sisters of Christ CIO
Th￿teeS report
RISK ASSESSMENT and SAFEGU.4RDtNG
The ￿$[t¢S have asse8%ed the major risk's ￿ which the Charity is in panicular ihose relaied to the
operarions and finances ot the Tru51 and are satisfied thai sysien]s are in place to miiigate our exposure to major
risks. The assets of the Chariry are tnanagtd by different ini'estment n]anagers as an effort 10 divei'sify and
itigate financial risk. Conttqct ￿tween m]stees coniinued by mail and telephone. when necessary.
With the help ot Mentor Health and Satety Suiff and other professiot￿lS new policies have been dra￿￿ up foi. risks
in the cotnfflunity house in Sittingbourne i.e. Fire. trip hazards. handting...
Thc L8tahli8hmtrtt ot thL RLligiou% Life 8afLguardino .SLYVILC (RLS%) 2nd its ciFworking group thL fith(Trlic
qafiguarding 8tandardq AgLney IC.8%A) compliiLd carly in ThL congrLgaiion has %ignLd cantracts wih
both organisations in ordLY to havL acccss to thcir adi'icL and Sllp￿)rt in all matters Jrlating to safegllarding.
RLSS pivvid¢s trainints Las¢woTk mandgetnent. SUPWrt an(1 advice on pvliLies and DisLlosur¥ Batting ServiLe
IDBSI LheLks'. CSSA pioviiqes a moniiOTing iole and will ¢ondua audiis to enable Congegaiions to ensure best
policies and praLtiLe regarding saf¢ouarding.
Religiou5 Life Safenuatdinu Ser%"ice offers trainin￿ to trustees. Those who have already followed their short
couises found theffl u5¢ful and infotrnatii"e.
Thc Safcguarding policy of Chariiy 294746 is in thc procc5s of being updaicd.
PLTI.IC BF.NEFIT
The Trusiees have ¢onsulied the guidanie Tnade available by the Chariiy Commission for-England and Wales on
Public Benefii requiremeni of the Chariiies .Qci 2014
Thc Trnsiecs are confidcni ihai thcv hai'c complicd with thcir duly under scciion 4 Df thc Charitic% Act 2014 in
that thLy havL had duL fLgard 10 public I￿"AcrI1 guidaneL puhlishLd by th£ c.ommission.
In (he lurtheranLe ol. (he irusts- chan￿b]e purposes for the publiL benefii the iruS￿$ give details o(their acliviiies
in ihe following paragraphs.
ACTIVITIES
The aLlivities of the Lharity include LaTin(F for membeTS of the congregation and i"aried pastoral work. Each of
these is considered below.
l.Ike many religious Longregations in F.ngland. the age profile of the members olthe cong￿gatiOn is increasing as
exislinu ￿t￿be[S glow older. On 3 1st DeL£￿be[ 20?3. Ihe aveta(pe <iue ol Ihe sisleis in COllUDunily in Enuland
was 81.5 yC<WS and ih¢ ag¢ W¢lS 85 y¢iWS.
CARING FOR MEMBERS OF THE CONGREGATION
The connre(Tation hL15 an obh(Tation. LK)th rnorai and lenai, 10 provide care for its fftembers. none of whorn have
resource5 of their own and all of whom have dei'oted all aduli lii."es lo educalion, Ihe sick: Ihe elderly, Ihe
poor and tnat(sinalised ID society. The sisters were provided for in theit diffeienl cOll￿nu￿111e5 lo enable Ihetn lo
conlinut Iheii paslijral wcirk in iheir I￿al sellinu
The elderly and siLk sislers M'eie Lared foi in t)ne of vui"
cu]ntnunilies. Lay Slaff ar¢ ¢rnploy¢LI iv hclp Ihis LotDrnunily lind at¢ paid in keepints ￿'11h ihe reLOtnrnendalion of
the Churches on the Livino Watse. The love and care of the staff is very ei"ideni and much appreciated by the
sisters. Over the next decade, the Irus*es eA]xci that ihis needs io pn)vide care ￿111 coniinue.
PASTORAI. WORK
The following are examples of Ihe varie<l pasiordl work widenaken by the sis￿r5 according to their possibilities
and the need% in their parishes..
Befriending wlneiable peisons, and helpi￿ parishionets develop iheir spitiiual lives.
Working with other5 for the homeless, asVIu￿ seekers and tefuuees.
TedLhing English to tKuple of uther141nguatses, especially WOTnen who need English.

Charity of the Sisters of Christ CIO
Th￿teeS report
colla￿ratIng with aciivitiLS organiscd for ￿pIc who lii'e Véith dLm£niia and ihcir carers.
B¢ing a tvam m¢mbei off¢rints spiritual tsuidanc¢ dutints we<ks uf ouided prayer or inijividual spiriiual guidanLe.
Spiriwal leodership of groups of Asswiates w￿> ideniify with the charism and spirii of the congregation and live
it ill their daily lives.
Welcoming neighbours to celebrate Mass in the chapel.
Both Lommuniiies have a mission olhospitslily. 10 be pl￿5 where 01￿￿$ Can find a liMenin(T eat or a quiei place
to pl'ay.
REVIEW OF THE YEAR 2023
In ?0•? the ttuste¢s É)t C.hariiy 994746 pTegenieJ possible objectii'es foT ?0?3 for ihe ne￿? Charitsble Incorporated
C)rganisaiion 119870? The lollowino points are reflections on these objeciiies.
> All thL a%SLL% Ot RiOistLfid C.hariiy 294746 ￿"irL tr￿n￿tLY￿ to ihL C.harithbli ]ncar￿r￿tLd ()roani8atian
I IyX7(IV an 3 I ' tkLLmk"r Trirp? Thi In]stiLA DI"?94()47 and 119871)? ￿'LfL thL 8amL In Lnahlc ci)niinuily
at this iimL l)t changL.
> ThL appliLatii)n tor plannino [￿M]lAS7()n f()r t￿. land In fprinohill rLtu￿d and. as yLt. ()llr agLni has
not OlVLn advicL on ihL ws%ibilitii% OPLn to u%.
> As suggcstLd, thL SlStLrs followLd thL on-going formation Trork organised by thL DL"Icgation Euro￿ fol.
a de£penin8 of the content of the General Chapter in ?01)
> Pormaiion of the ￿SLee8 and other Sisters swted with a numtrer of sisters following the safeguarding
fnrrnaiion organi8cd by RLSS.
Onc.%istcr traincd (with RLSSI 10 be rcsponsiblc for DBS (DI￿105￿re and Barring SeTh'icc.)
> Thc sisters alway% try to rcspond Lo e%'ents and siiuaiion5 M,hcrc Lhcy can continuc contact and support of
othero. The sudden death vf Sr Ita Conlan in February ill5PITed Thany people
nei¥hbours, parish
TneTnbers. priests, (Trld friends from the PdSt- to aid ilnd suppurt our two Lurninunities buth prdLtILdlly dnd
by their prayers. Although li was a difficul[ iirne, there M-as a sense of joy and thanks￿l￿1ng for all that Sr
Ita had been (01 other5 in hei life of Service in En￿land, in Catneioun and her lime as Su[￿[10r General of
the conu[e(Talion. Ii was a rnotneni. when the 5151ers M'eie rnade aware of the p05iiive ifftpacl Ihe life,
wilntt55, and work vf one sist¢[ Lan have on uthers.
> As pldnn¢d. th¥ fiisl annual -G¥l Too¢ih¢r vf ihe Ass(Kial¥s afier C.OVID iiiok plaL¢ in Llindon.
> The postulani lii.ints with the London Lommunity sidrted her noi"itiate 1° January 2023.
Pastoral aLtivities. in person and online. coniinued aLLording to wssibililies.
The neLessary Safe(Tuardino Lhanges protKiyed by the ChurLh were made.
Ln Ntsvember. a sisiei from Mattsgawthr Jrriv¢d in London IL) improve her Enolish. She enrolled in an
English S¢hool near the ¢ommuniry.
u"ruRL PLANS
The Trusiees dntlLipate that the dciii"ities of the charity will not siunificalltly chdnoe. More did support will be
Deeded by the cotThtnunities in the fun]re, e5￿CiallY in adtnillistraiii'e tasks. 11 is the iniention of the trustees to
continue to meet the followintw objectives=
C￿"in
for mernbers ol the con(Tre
alion
Continue 10 care for the sisler5 aDd enable thern io carry oui theii varied pastoJ31 work and rninistsy for as
long as possible.
Ensure all Ihe sick and elderly members of the Congrewion r￿￿11'e the high lei'el of catt they require so
as io provide them with a qualiiy of life which they should rightly expecL
Re-evaluate the financial proi'isiot] nece%sary for this ei'ery year.
Pastoral Work
Enabl¢ all of ih¥ Lontsr¥tsaiitsn Iv ¢vn(Iu¢i rneaninoful pasioral work within the ¢tsmmuniry
accllrdints 10 iheir peN)nal abilities and needs of Itul area.
EnL()ufdue M'ork wilh and alun(r5ide Ihu5e in need". the lunely, sick: the w.inali5ed, elL.
Be a support and aid io I{￿a] cle1￿> and other Chtislian churches.

Charity of the Sisters of Christ CIO
Th￿teeS report
SPF.CIFIC PI.ANS FOR 2024
Contit)llL wlth thL planning wmission application for the sale of land in East Cowcs
> Et]courage Lach Si%iLr to tollow. appropriaiL Satiguarding forniation through RLSS.
> RLwfiiL a nUm1￿"r of ￿lIcIti￿ and pr(￿d￿rLs tor thL cI￿lty.
> RLvJialisL thL groups of AssociatL"S.
Colltinue ihe fonmaiion of the novicc.
Support Sr Florine in hcr English swdics.
> Try 10 bring l'ounger sistirs from abroad io hclp thc asing sisters achici'e thcir rnission.
GOVF.RNANCE STRUCTURE AND MANAGF.MF.NT
The Cungregation uf the Sisters of Chtisi is an iniernaiiunal Religious Congreg4LllUll. FiTrunded in 1976 fr(Im the
union of seven existing congregations. It has a hisiory daiing back" to 1625. The Sis￿r$ of Christ are gO￿erned by
their own Con5titutlOns and the conununities are dii'ided into a number of Delegations and a Pi'ovince. The
General￿e is in France.
In terms r)f Canon IAiv. the congTegatlOTI IS guve[[￿￿ al an intrThaiional level by a Superior General General
Council in Paris. They are elected ever! six years ai a Generdl Chapier meeting (meeting o( delegaies of all Ihe
delegations and proYinc£ of the Congre8ationl. During ?018 the congtegaiion was restructured: and Eui'ope
beLdill# (i Del#gativn. D¢Lisions ai¢ T¢iiLh¢d rfit th¢ appTh)ptidte l¢i'el vf adtninistration. i]1 dLLoiditnLe wilh the
Cons1itution.% of the congrcgation. The ihangc in sin]ciure ￿'a5 cxpcrirncnial and was revicwcd at ihc Gcncral
Chapter of the Collgretsation in 202? whiih deLided Lts COT)iinue the experimenL until the next General Chapter in
•0?8. The%c changLS in strnctllrc haN'L no impact on thL organisaiion and wo1& of the Charitable Incojporatcd
Organisation.
In of Civil Law, thc charity is goi'crncd bv a conslltuiion acccptcd by thc Charity Commission when li
received its registrdtion on ??thJ ApTiI ?￿9 Charitable InLorw)raied Organisation No 1198720.
EMPLOYEES, ￿$SOCIAT&s
The TTUStec5 wish to rccord thcir recognition of thc professionalism and COmTnilmcnt of all their staff and those
.ho collaborate with the sisiers. The life of the Assi￿1aleS M'IM) liie the same eharism as the SisteL￿ in thell. daily
life. couullues 10 be an inspifdtion and suppon io the sisiers.
THE CHARITY ASSETS
ALquisilion5 and disposals of fixed as5e15 durinu the y&it are recorded in ihe nole5 to the accounls.
Signed on behdlf vf the Trustees.
Trusiee
Approved by ihe trnstees on 1.5 (kt(thI 2￿4

Charity of ihe Sisters of Chri51 CIO
Independent Auditor's Rewrt
Independent auditors, report to the Trustees. of the Charitv of the Sisters of Christ
We have audited Ihe financial suiemenLS ol. the Chariiy of the Sisters of Chrisi for (he year ended 31 ])ecernber 202.1 which comprise
the S(aLemen( ol. Financial Actlvllies. Ihe Balance Sheei. Stsiement of Cash flows and ihe relaied nO￿5.The financial reporiing
rramework" Ihai has been applied in their preparaiion is applicable law and Uniied Kingdom Accouniing Sthndards, Including Financial
Reportino Standard 102 'The Financial Reportints s￿ndard applicable in Ihe UK and Republic ol Ireland- (Uniied Kingdom Generally
Accepted Accountino Practieel..
In our opinion the linanLi#l Sta￿Ments..
gil'c a iriic and fair viciv i>f ￿ sLQ￿ of the chartty's affairs ai_Il tkcern￿r 2021 and of iL% incnmics and cxpcnditurc for thc
year then ended;
have been properly piepared in accordance UK Generally Accepted Accountints Practice.. and
have been properly prepared in accordance wilh the requilei￿tnt5 of the Chariiie5 .4ct ?01 l.
Basls for oplnion
We conducied our audii in accordaTKe with In*maiional Siandards on Audi(ing (UK} IISAS (UKII and applicable law. Our
responsibilities under those standards a￿ further de￿ribed in the Audi¢or s responsibilities for the audii of ihe accoun(s section of our
repori. We are Independent ol- the charily in accordance Miih Ihe ethical requirements that are releiiani io our audii of ihe accoun(8 in
Ihe UK. Includints the FRC'S F.Ihical Standard. and we hai'e fulfilled our oiher eihical responsibililies in accordance wilh ihese
requirements. We believe that the audii eTridence we have obtained is sutricieni and appropriate to prO￿]de a basis for our opinion.
Conclusions relating to going concern
In audiling ihe IinanLial sta￿me￿Is. we have LonLILMkd thai Irusiees use of the going concern basis of accouniing in ihe
preparation ol. the finanLial staiemenis is appropriate.
Based on the work we have perfornrf ive hai'e noi ideniified any M￿e￿al uncenainiies re1￿Ing io events or conditions that.
Individually or colleLtii'ely. may Lasi signifitant doubl on ihe Lhariiy s abiliiy io coniinue as a going concern for a peri(￿1 of ai
leasi 12 monihs from when the ljnancial S￿le￿nts are authorised for issue.
Our responsibilities and the responsibilities of Irusiees wilh respeLI 10 going LollL¢rn are described in the relevani seciions or
this report.
Other inforniatlon
The irusiees are responsible for (he other inf0m￿tion. The other inf0m￿lion comprises the inforniaiion included in the report and
acLounis oiher than ihe accounts and our audiior"s ￿port thereon. Our opinion on the acLounis does noi coi.er ihe other Inforniation
and we do noi express anv lorni olassuranLY L￿￿luSIon ihereon.
In conneLtion with our audit of the aLLounts. our responsibility is to read ihe oiher infom)ation and, in doing sts, Lonsider whether the
other infurmativn is Tndt¢ri￿l1lY inLon5i5tent with the ￿￿u￿t5 or uur knowledge ubtdined in the audit tsr otherwise appears 10 be
milterially misstated. If we identify SULh Tnaterial incon5l5lenLie5 or dppdrenl material missts(ements. ￿'e dre required tv determine
whether there a Tnaterial mi55tateTnent in the acioun15 or a Tnaierial mi5StaieTnent of Ihe other information. If, based the work we
have performed, we conilude thai there 1% a matrrial mls5Lqtrn￿nt of this other ii)fornutioi). we are required t(Tr report that fact.
We have nothit]8 t(Tr report in this regard.
Matters on wbicb we are required to report bTr" exceptio
We hLive noihinff to rep)n ill respect of the follow'in￿ tnaiteis Ththete the Charitie5 Act 2011 requires us to report to you if. in our
opinion'.-
Ihe infonnation given in the Trustees. Annual Rewrt is inconsisienl in any matrrial re.spec¢ with the financial statemenis; or
sufficienr accouniing ￿ordS have noi been kepi; or
the financial statements are not in agre£n￿￿t with the accouniing records and reiuTll5: or
¢ hai'e noi receii'¢d all the information and explanaiions we reqllire for our audit.
Resoonsibilities oclrustees
As cxplaincd morc fully in thL Tn]%iCLS' Rc%p)nsibililLLS 8iatcn￿ThI oui on pagc _3. thc Trusiecs arc rc8p()n%ihlc fnr Ihc prtparatinn
of financiJl siaiemenis which give a in]e and fair i'iew. and for yuch iniernal ¢onirol as the in]siees de(erniine is neCeSs￿Y io enable the
preparation of accounis thai ale fre¢ from matetial misstaiemeni, M'heiher due ii) fraud 01 etroi.
In prcparing the account8. the tsuqiec% arc rcsp()n%ihle for a5*s%ino the chariry'A ahility to coniinuc as a going cnnccii), di%cl(i£ing, as
appli¢ahle, matters relaied 10 (Tiling concern and usin(T tsoing ¢on¢ern b&sis of ac¢ouniino unless the tsusiees eithei. iniend io
liquidaie the Charity 01 w Cew operntions, or have no ieab"sti¢ al￿rnalI1.¢ but tts do so.

Charity of ihe Sisters of Chri51 CIO
Independent Auditor's Re￿rt
Auditor's responsibilities Cor the audit ofthe accounts
Our objectiN'ts are to obtain reasonable assurance about ￿'hether the accollnis as a ￿hole are free frotn material misstatement. whether
dlle to traud or error, aDd to issue an auditor's rep)rt includes our opinion. Reasonable assurance is a hi￿] lei'el of assurance, bui
i% not a guarantLL that an audit condllctL"d in accordanci ￿7th ISAS IUKI ￿.11[ al￿ayS dcicct a maicria] n]188tate￿.nt ￿,hcn it LXi.%t8.
Mi8%tatLtnLnr_% can ariqL tri)m traud É)r irr()r and arL considLfLd maicrial if. indii'idllally or in thL aggrcLTraiL, thLy could iia8onahly bL
CXPCCILd ti) intliiLncL thL LC(Trn()miL diCl8lOrts Dl"USLY% iakn"n thL hasis of ihcsL acc()unLS.
Irregulariiies. iniluJino Craud. are inytances ol non4omplian¢e with la￿$ and regulaiions. We design pro¢eduits in line wilh our
respc)nsibililies, outlined aboi'e. tt) IqeieLi t￿le[la1 Missiale￿n(S in res￿¢1 of iTte(Tulat]ties. including frau¢J. The exient to which
oui prw¢L1u￿S Ldpabl¢ of d¢l¢Ltints jtr¥tsUli￿itl¢$. inLluding hau(J is detailed beli)*'_
How the dudil Wds ¢cinsid#i¢d LdP4ibl¢ of iJ¢teLlints jtr¢L*ul4uiIi¢s IllLludinL* fraud
Oui" apprvaLh to identifying <iniJ a5S¢5sinu the ti5k5 of rnalerial misstate￿en¢ in T¢5￿cl of itte¥ulatities. including friiud Lind non-
LompliaDLe w'ith laws aDd ￿gulatiOns, w'a5 a5 follow5".
the engageTrent partner en5uied that the engagefftent teafft collectii'ely had the appropriate co]npetence, capabilities and skills
to idenrify or recognise non-compliance applicable lam'5 and regulations..
li'e identified the laws and regulations applicable io the Clknuiry through discussion5 with n￿nage[nE￿I and trustees, alld from our
kllowledge ¥u]d ex￿lie0ce ot the CI￿lry sector;
'L toeu%Ld on SPLcific [a￿'S and rLglllaiions ￿leh COJL%idifLd hai"c a dircci n￿lerial LffLCt on thL accout)ts or thL aciiviiic% of
thL charity. ThL8L il)cludLd hut WLfL noi limitL"d io thL (l)ariiiC% Aei *OI l. Acei)unting and Reporting by C.ha]iiic8'. 8L2icmcnt of
RLLommLndLd PraciiLL appliLahlL to LharitlLS pfLparing thLif tiLL()unis in accordanci with Financial RLpofiino Siandard applieablL
10 rhe United Kinodom and Republi¢ ol Ireland IFR.S 10?) leffecrive l January 70191: and Safeguarding Regularions as they atleit the
direLI charitable aciivities of the Lhatiry: an
W¢ dSS¥ss¥d th¢ ext¢nl vf LvmpliiinLe ￿7th th¢ laws and reguiativns iiqentifi¢d abvi'¢ ihri)ugh makin(T ¢nquiLies tsf ￿na￿T¢￿ent and
those Lharutd wryth uui'¢it]ance and le￿.1¢Wed minutes of I￿Ste¢S [￿etin￿5.
We assessed the susceptibility of the C1￿1ty 5 finaDcial state￿entS to ￿￿te[la1 misstatement. including obtaininiF an UndeL￿tandIng of
how fraud rniJu ]t occur, by..
• ￿aking ellquiries of n￿nage[￿ent and m]5tee5 a5 to whete they con5ideTed there M'a5 Susceptibility to fraud. their knowledge of actual.
sllspected and alleoed fraud; and
considering the interna] conu'ols in E)lace 10 mitigate risks of fraud and non-compllat￿e
with laws at]d rcglllauons.
To address the i'isk of fraud through tnanagemeni bias and override of conirols. we.
pcrf0i.￿cd an￿￿le￿I pr￿edulES to idcniify any unu%llat or ￿ALX￿lCd rclaiionships;
IC8tid and rev1i￿.Ld journal cniriis io idcntify llnusual tran￿CtIonS.
ie8tid ihc auiharisaiit)n i)f cxpcnditurL
assessed wheiher judoemenis and Jssumpiions made in d¢i¢rniining ihe J¢¢ouniing estimaies were indi¢aiii'e of poieniial bias., and
invesligaied the rnlionale behind si(TnifiLani Or unusual iransaLlions.
In respvnse to (he tisk of itregularilics anLI nL)n-Lvrnplianc¢ wilh la￿% and r¢tsulaiions. we desitned pTh)Leduies which included, bui
w¢re Trol liffliled to".
• agreeing financial slalefflenl di5c105uies lo undelly1￿￿ suppotlillo docurnelllalio
IEadinn the rnilluies of nK£lin(Ts of ttuslees- and
• enquirin(T of Manal?en￿llt IL nd trustees as 10 aciuil and poieniial li[l￿all0￿ a[￿ clain]5.
Thei'e are inhereni limiiLiUOnS in our liudii procedures described aboi'e. The more remol'ed thai laws and regulations from financial
'ansacuons, the less likely it is thai we would ￿cor￿e aware of non-con]pliatJc£. Auditing standards also lin)ii the audit pi'ocedlli'es
requiird to identify non-compli￿ce laws rL"gulations io ewlliry of thc mistecs and ot￿r Managen￿AL and ￿ inspcction of
regulatory at)d Icgal corrcstx)ndencL. if any.
Matil'ial mis%iatimLnt% that ari%L duc io fraud can bc hardcr tt) deicci than ihosc th￿ gri￿ from crri)r aA Ihcy may inv()Ivc dclibci'atc
¢on¢ealmenr or ¢ollusion.
A fi]rther des¢ription ()[ oui reswnsibiliiies for ihe audii of (he a¢¢ounis is I{￿aled on ihe Financial Reporting Council's Websi￿ ai
www.frc.oig.ukldudifursr#sponsibilifi¢5. This d¢sLtiplion fvtms patl vlvur audilvr s i¢port.

Charity of ihe Sisters of Chri51 CIO
Independent Auditor's Re￿rt
Use of report
This report 15 made solely to the chatity"5 ttustees, a5 a body. in accordatKe section 144 of the Charities Act 2011 and with
regulations tnade under section 154 ot that Act. Our audit ha5 been undertaken 50 thai we n]ight state to the chatity s tIU5tees
those matters we are required 10 state to then] in an auditors report atMI for no other pu]P05e. To the fullest extent Y￿r￿l￿ed by la￿., we
do not accept or aSSUn￿ responsibility to anyone od￿r than the chariry alld the chariiy s trustees as a body, for oui. audit woi'k, for this
report, or ftsr the opinions wt have tOrll￿d.
Borucki & Co
SignLd on 16 (knO1￿r *024
4Y Radnnr R()ad
Hall'o￿.
Middlesex HAI IRZ
BoruLki & Co is eligible w act as audiior in lern￿ of Seciion 1212 of the Companies Aci 2(K)6.

Charity of the Sisters or Christ CIO
for the year ended 31 December 2023
Unresrtirted
Gelleral Designated Rosiricted
2023
2022
tbnations and Ojfts
PenblOJJS
In*￿trnent income
Total incon
Raising fundg
Inwe51ment ]nanaget5 fees
Chariiabie aetiiilies
Pasioral kttl￿tI
lJpkeep of cotllTnunities
tXinatiDns and Tnissions
I94.8￿)
184.?92
I￿.092
194.8(X>
184.?92
31Y).092
45.280
45.?80
51:_889
512.889
Cjnvernance Ca4L
47_951
Coslb of abandoned land ba]e
577.971
577.971
Total expenditure
6?3.251
InC(MI￿ less eX￿jm11(Ure
1314.1_$9J
1314.1591
Net gaitts Iloss(sl ittTr(stmtttts
321.208
Net IllLY)￿￿ lexpenditurel
7.(k19
7,019
TrntLsfers hetM'eetJ funds
Net tn0}en￿nI in fund5
Balances broughi rorward l January
7.(M9
7.(H9
7.(M9
7.(H9
TrnrLsferred fr(bm the Lharily rfthe
Sisters of Christ Ino 2Y47401
7.71.5.971
1.421.410
19.(XX)
9.186.411
Balances wrfed fonvard 31 December 7,743.020 1,4?1.-HO
19.(XX
9,193.4fA)
Statement of totsl recognised gaiThs and Iwe5
The Lharily has no reLvuni%d vain5 or Ivss¢5 011￿[ than thuse 5huwn alM)ve and the[<fo￿ no sepaiale
slal#ment of i(Jtal U&lin5 and losses IK5 been pr¢par¢d.
10

Charity of the Sisters of Christ CIO
Balance Sheet
as at 31 December 2023
Notes
2023
2022
Fixed assets
Tallgible ￿setS
Investmenis ai market Tr'alue
1.4?1.440
7,687.343
9.108,783
io
Current assets
DeL)to
Cash ai bank and in hand
178.056
CreditiTrrs: falling due
iihin one year
110_1,379)
Net current assets
74.677
9,183.41K)
Capital and reserv
Unrestricted
Gcncral fund
Dc8ign&icd fllniL
7.743.020
1.471.440
9.164.41K)
19.(KM)
13
Restricted funds
14
9.183.46K)
Appoved by the Trusiees
and si(Yned oll theit behalf on 16 Ociober ?024
Ji)ycc Bonc
Trn8iec

Charity of the Si5ter5 of Christ CIO
Sta¢ement of e&sh flows
for ¢he )ear ended 31 December 2023
Note
2023
C￿h used in operating activities
(8.3.6(Kl)
Cash floivs frorn inN'e51ing aciviiies
JllvcslThcnt Inco￿
Pr()cccd% of invcstrncnt sales
Purcha%c% of inve.%(n￿nI%
Cash provided lused) in investing aciiviiies
184.?9?
1.750.966
(1.562.794)
372,464
Decre&se in c&sh and cash equivalenLS in year
288.864
Movement in vear
(DeLTe￿e) inLrease in Lash at ballk in ha￿￿
{DeLTe￿e) inLrease in c￿h held by investrnent Tnanagers for re-in1.est￿￿llt
157.750
288.864
A. Reconciliation of net m0Ven￿￿t in funds to net rash floTF from operating actiiryti¢s
2023
Net moN'ement in funds
DeduLt investment inLome
Add depreci￿lt10n
Addl(deduLt} net nK)%'ement on investT￿e￿ts.
Value of net Lurreni asseis ttansfetted from TnJ5t
InCrea￿t (deCrea￿e) in crediiars
{Incre&%tl deire&%e in debtor
7.049
(184.999)
2.550
1321 ?08)
355.864
103.379
(46.94?)
(83.6W)
12

Charity of the Sisters of Christ CIO
for the year ended 31 December 2023
l Accounting wiicies
Basis of preparation and asst.s$ment ofgtsing col￿tr￿
'thc aecounis be£n prcparcd undcr thc tll"sioriia] cosi coDvenlion with iieD]s [￿08Th15td ai cosi or transaciion value unless oiherwisc
slated in the relevant llotel5I lo ihes£ accounts. -itse fiDaTrcia] staiemenls have ir¢n p￿pa[rd in accordance with the StaleineTrt of
Recointnended Pr3ctic¢'. Accounting and RepTrTting by Chatilie5 Pteparing their in arcoidance wilh Ihe Financial Reporling
StsndJrd appliLahle in the IJK and RepubliL Df Ireland [FRS 1021 i%sued i)n ISL Januat>' ?1119 and the FinanLial Re￿)rlIng .£idndaTd
,IppIiLable in the Unl￿d ￿tt￿0M and Repllbh"c tsl Trelattd (FRS 10?) and the Chatiiies Aci ?01 l.
The in]st Lonstiiutcs a public bcttetii cniity as defined by FRS IU2.
-the inisitcs considcr thai there no Jnateriai unccrtainiics aboui Ihe Trust's abilit} io comillue as a going concern.
Income
All income i5 recogni5ed once ihe Ch￿ilY has enliileNL¢lll lo Ihe incotu¢. il is probable ihai ihe income will be ￿rel￿ed and the atnounl ol
inL()me reLeivahle Lan he t￿￿￿u￿d Teliably. [￿1)gnised when the TTu%i has been Th￿irJe￿ in wtiling nf b()th the ami)unl and
seitieineni ie.
LLgacics are r￿O￿nised on a by Lasc basis follom ing the grdniing of probate when the administratorlcxccuior tor thc cstatc has
coii)municiqicd in M'riiing both the a]nouni and sCltIen￿TrI ie.
lTrleresi on funds held on detx)sil is included w'hell re£¢ivable.Ind the a￿OU￿1 can reliably by the charity: this is notmally upon
notifi¢alioTr ol the inlet¢5t paid 01 pa)'able by the ballk.
DiN'idend% i￿e teL()yised onLe the dividend h&s heen dei'lated nolificaiion been ￿cel￿ed of the dividend due. Thi% i% nnrtndlly upc)n
nOlifJcLltioTh by our invesimeni advisor tsf the dividetsd 5.ield
in Ihc Jllvcslmcnt portfolio.
Expenditure
Liabiliiics arc recogniscd as cxpcnditure as soon therc is a Icgai ￿ coDstruclivc obiigaiion con]n)iiiing the chariry 10 that expcnditure, it is
probl< ble that 5eitlemenl ￿'ll1 be required and Ihe aniouDI of Ihe obligation can be ineasutrd ￿liabl￿.
The c05t of genera¢ing funds include5 the fe¢s paid lo ini.es1￿¢lll manage[5 in resp￿t of Ihe managenrnl of ihe charily'5 invesimenl
Expenditure on ch￿￿1[able Clivilies comprises eX￿nseS ittcut￿￿ on the defined charitable purposes of the eharit). al￿ includes staff
cosis aiinbutÉlblc io ihc aciiviry..
-the coniribuiion io ihc GencnliTriC is ciiculi2icd annuall5" a[￿ rcprc5enis the exccss of the budgeic41 nct eX￿ndi￿re for Ihe y&2r over Ihe frce
re5eTh'e at the end of the preYiou5 year. a5 adjusied for ihe purchase or sale of land and buildings.
GovertLan¢e costs CO￿p[l5¢ ol. exp¢nditute on w'iih und advire on constiiuiioTral and slalulory rnallel5.
A% all expenditute be alttihuled %pecific LJtegoties no apFM)rtionme]]I betweetj heading has b￿n nece%￿ry. ITrecnverahle VAT i
included in the items of expendiiure io which it relaies.
Foreign Lurrenciwi
Transacijons ill torcign curret)cies recordcd ai the rnling ai thc date ofthc knnsaction. Iqonctsry" assets and Iiabjlitics dcnojnjniqicd
in forcign currcncics arc Iianslaied thc nic of cxchange rUl￿g ai thc balallcc shLfl 41aic. All diffcrences arc takcn 10 die protii ai)d loss
account.
Tangible fixed ￿ets
Freehold lartd buildings. in the tnain used as prii'aie resideoiiat accomm(Mlation. are includ￿ at a vaiuaiion bas&1 either on a value
csiinjaicd b) the uiistcLs or on liisiorical cost. llic TnIs￿S do ooi coJJsId￿ that the ¢x￿n5¢ ol" a protcssionai ￿aluatIOn In ordcr io asccrtain
Ihc 5cparEile v,qiiics of thc land alld buildings is jusiified.
'I'he buildings ate in con51aTrt use in furtheiaTrce of Ihe chatitable objectives and mainiained 10 51andaids thai ensure that their residual
value 15 not less than the b(x)k value. Building5 ate lloi depteciaid. for r¢asoD Maied. Ihei" ha￿¢ a very long useful e£oTroniic life such thal
iinnual deP￿id[l()n wi)uld be i[n￿le[la].
All assets tosting more £1.[￿ with an ex[￿ed life ol mote thttn one l'ear are capiiaiised. Depreciation provided at the
tollowing allniial raiLs in order 10 w'rite ot"f ch assci OVLf its Vilinmicd useful Iitc-.
Atrcr tive ￿e￿Arb pl1￿1. Cqlllplticiil. fixlurcs l￿d fitlinos with a Dei b(y)k value of tul are writtcn out of the accounts as in ihc opinion of the
'INstecs buch asseis have a negligible residual i'aiue.
Pldnt. equiprnenl. fixlLire4 and fillings 20% un cost.
Mtsior vehicles 25% Cost.
13

Charity of the Sisters of Christ CIO
for the year ended 31 December 2023
Inve51mellts
In%estments are ¥ form of b&81¢ finan¢ial Instru￿￿1 and are inilially rnogni*d ai their tran￿¢tion i.alue and subsequenily measuffd ai
their fair ￿a]lle a8 at the balanLe sheet dale u%ing the clo%ing quot&l markei pri￿. The %thiemenL of financial aciil'iiies include% the nei gain%
and losses arising on Tevaluaiion disposals throughoui ihe year.
The Trusi does noi acquire pui optlOll5. deriiaiii'es or oiher complex financial instrument5.
The main fortn of financial risk faced b) the chariiy is thai of i.olaiiliiy in equil)" matke15 and inves1T[￿nI Tnatke15 due to wider econoTnic
Londitiuns, the attitude uf invvitvrs to inv¢stTnent tisk. Lhanoe¥ in sentiTneni u)nLrrnino equities particular seLtor5 or %ub
All gain% and Iossc8 arc takcn io the Staicmcnt of FinanLYal Aciii"iiics &% ihcy ari*. Realiscd gains and 10&8&8 on invc%tnicnt% arc calculaicd
as the difference beiween sales Pr￿eedS aThd their OFtning carr)ing i'alue or iheir purchase ￿a]ut if acqlli￿d subsequent to the first day of
the financial year.
U￿r￿liSed gains and 1055es are calculaitd a5 ihe diffetence bel￿'een Ihe fair Vali￿ ai the Jear end and Iheir carr)iing value. Reali5ed and
unT¢￿i]Is¢d inve%tmeni gdln5 art Lvmbined in the S￿eTne￿I vf Findncial Aciiiiiieb.
Fund actnllnting
The general fund comprise5 those Tnonie5. which Tna) be used iom'ards meeLing the charitable objectives of ihe charity ai the discretion of
the Trustees.
The de%ignated fund% aE monies %1 aside out of general fund¥ and desionai¢d fvr S￿lif]l PUTPO.sGs by the TTUStecs.
The restricted funds are monies raised for, and their rt%iriLied to. a spe¢ifi¢ purN)se. or donaiion8 subje¢1 to donor imposed ¢ondilions.
Taxation
The chJrity is a tegislered charil) and iherefnte is liahle for inc(>tne laK or cnrpnration lax iTrCOTne derived from il
Lhariiabltt Élclivities. Js it fall% ￿lth]n the v￿0￿S exeJnpti()n% J%'ailJble io regi%terfxI Lh￿ties.
2 Salaries and pensions of members
General Dtbignated Restricted
fund
fund
fund
General D&siUn￿ltC(1 ReslriLted
fund
fund
fund
2023
2022
Salaries
Pensions
124.81J)
124,81M)
124.8(Kl
124.8
3 Inve5tJnent income
CTeneral Designated RLstricted
fund
fund
fund
Gcncrdl Dcsignattd RtSlriCLcd
fund
fund
fund
2023
2022
Investment incotne
BJnk and o¢her interest
183.842
450
184.?9)
4>0
184,?9?
4 Charitable acti)ryties
General DesigDated Restricted
fund
General DesigDatel Restricted
rund
fund
fund
2023
2022
Upkeep of communitie5
Statt Losts
Pr¢tnis¢s
Community and ￿rSonal
327,620
1.144
95.12)
512,889
327.620
).]
95.125
512.889
14

Charity of the Sisters of Christ CIO
for the year ended 31 December 2023
S Governance costs
General D£%ign2ted Restricl
[￿nd
Genernl Design&ld Re%trieled
rllnd
rund
rund
2023
2022
Professional fees
47.9.51
47.951
47.9il
6 Net incoming {outgoingl roqourc&q before IrA￿￿er$
-this is slaied after charging Icrediiingl
GenerAI Designated Restricted
fund
fund
Genernl Designalel Restricte(I
rund
fund
rund
2023
2022
SiiTrtf costs lllote 71
AudilOt% teTnuneration
AccouTrling and oiher
DepreciiÉ tion
327.620
327.620
-S.8(Ml
2.-i50
2.5_50
7 StsirrcosLs and tr￿￿t￿s, rtmunerAtion
2023
2022
Staff Losts during the )'ear were as follows=
wi￿ (Fe5 and 5alarie5
SociLI1 sc£uriiy costs
pen.sion contribulions
1.5.D76
7..IS7
727.361
No employee eamed MO￿ than £60.(KM) per annum lin¢luding IKnefitsTr during the )ear or in the p￿1"10y% year.
Trustees
As tnetnbers of the Order the Trustees, Iii'in¥ expenses JuT]nu ih¢ year wrTe Ix)rne by the Ttubt bui th¢ trustees Eceived nv ietnunerdtion or
other benefiis in ¢onneLlion with their duiies ￿ Trusiees during ihe ye)roi In the previous )ear.
The avernge number ￿[emp]￿YeeS aJvaly5ed by function W*5:
21123
2022
Nutsing and d0rn¢5ti
Taxation
-I'he ttllsl as a ￿e￿iStered ch4qtjiy. is extmpi Iiom I￿alLOIL OIi Its incon]e and ins falling wiihin Seciion .505 of the Taxes Act 1988 01.
Section 256 of the Taxation of Charoeablt GaiTrs.4rt 1991
to Ihe exieDt thai the)" are applied lo i15 charitable objective5. No tax cl)arge ha5
15

Charity of the Sisters of Christ CIO
for the year ended 31 December 2023
g TaDgible r￿ed assets
Freehdd
Furnilurc
Ilolor
v¢hi¢l(s
I￿lI￿7ng$
equipment
Tolal
Lost
Ai l January 2021
Addilions
Di%pn.£als
-rrallsfcrrcd from Irusi
1.421.440
21.628
Ai 31 Decemlxr 202.3
1.421,440
21,028
I,445.￿8
Depreciation
Ai l JdnuaT)' 202.1
Charge for the Jear
On Lli%posals
Transferred from t￿st
2.550
2.550
21.078
23.628
21,078
Ai 31 Decem￿[ 2023
Net IM￿k v￿lle
Ai.31 Dec¢tnber 2021
1.421.440
1.421.440
At 31 tkLrtnber 2022
10 Inv¢stments
2023
2022
J.i¥ted Investment
Market value at l Januari 2023
AdJitiong at cost
Sale proce£d5 from disposa15
Gain Ilo8%1 in }tar
TTansferred from trust
Markci %'alue at 31 Deccmber 2023
Cash held b) inN'eslmenl manager5 for re-investrneni
1,562,794
11,750.9661
321.20
7.396.5i7
7,529,593
l i7,750
7.6¥7.343
Ci)si of li%ted inwc%irneni% ai 31 Dccembcr ?(P3
6,792.tM)2
11 Debthrs
hlortgaoc
Oiher debtor
Ptepa}'tneTrt% atctued income
2023
12.318
2022
9,474
46.942
12 Credithr.8: &mounL8 (￿ling due wilhin one ye&r
2022
2022
77.978
16.4.51
8.9.iO
ItTr3.379
Sundr), crcdilots
Accruals
16

Charity of the Sisters of Christ CIO
for the year ended 31 December 2023
13 Designated funds
The illLon)e funds of the Lharity irtcludes ihe followirtg designated funds. sei &side from the unrestyl¢l￿ funds ol the tyusi by ihe Irustees
for specifiL piirposes
Incoming
resourLL
Utilisedl Trdnsfetred
reaiised fn)In Tn]st
December
?023
?0?3
Capital fund
1.421.419
1,421.419
1,421,439
1,421.439
The capital fund represents the balance sheet value of land and buildinJo .
14 R&$tricted fllnds
The income funds of the charity include restriffled fund5 comprising the followilla unexpended balances of donations and other monies held
on trust to be applied for 5peLifiL purtM)se5
At.31
Dc£embcr
?0?3
January
?0?3
Incoming
resourtts
Utiliscdl Trdnsfcrrtd
Tealised froni Trust
Lzgacy fund
19.IMX)
19.IKK)
19.tKM)
19.tKK)
The Specific purposes for which the funds are to ￿ applied are &$ follom's..
The t£gaLy fund ¢onsisis of lega¢ies leF¢ to inJiiidual Sis¢eEs by their famili&s. The income fiom the monies held b). this fund belongs to
the irusl whilt Ihc di%w8lti()n Trf ihc capithl rtmains with the Si.sitts.
15 Analysis of Det a&sets ￿tI¥een funds
Roslricled
fuDd5
fuDd
ruJML
2023
'laiigible fixed a55ets
Currcnt iTrsscIs
7.687.34.1
159.0.fi6
1.421.4tr10
9.108.787
178.0.56
1103,3791
9.183.460
19.IXX)
Crcdiiors.. amounts falling dut ￿1th1n one )ear
1103,3791
7.743.020
1.421.440
19.iKX)
17