2023-12-31-accounts

Franciscan Missionaries of Mary UK CIO Annual Report and Accounts 31 December 2023 IEt*rvJ arxl wa￿￿) 11W358 (SC￿&￿1) SC1ffj19T2

Contents R•ports Reference and administrative details Irmlependent auditorfs report 35 Statement of financlal activities Balan￿ Sheet 41 Ststement ofcash Ilows 42 Principal accounting policies Notes to the acc(yJnts Fran0￿n Missionaries of Mary UK CIO

Reference and admInl8tratl￿ dotalls Trust•gs &ster Lillian Hunt (retired 15 December 2023) &ster Loetiba Mari&Noelle Chevallier {8ppointed 31 October 20231 Sister Hekn Fennell (appointed 31 October 20231 Sister Mary Fitrpatrick lappoint*J 15 Decemtw 20231 &sterAberta Forson (apwlnled 15 December 2023) Sister Leontine Shannon (appointed 15 D￿mber 2023) Sister E￿bieta Maria Walkowiak lapFointed 15 Cwmber 2023) Sister Hdde Vanlomme lappoinl8J 31 October 20231 Sister Young A Choi Iretired 15 December 20231 Sister Philomena Wright {retired 15 December 2023) Sister Mary Dornan (retired 15 December 20231 Provlnclal Superfor &ster Lillian Hunt (retired 31 Octo￿r 20231 Reglonal Suwlor Sr Loetitla Marle-Noelle Chevallier (appointed 31 October 20231 S•¢tor Bursar Sister Helen Fennell SectorfCIO Address 5 Vaughwl Avenue London W6 OXS Telephone [phone] Websit• wMw.fvnmuk.¢xg Charlty Rogistration Number (England and Walos) 1199659 Chartty Roglstratton Numbw {Scotland) SC051972 Audltor Buzzacott LLP 130 Wo(MJ Street Lormlon EC2V 6DL Franciscan Mi￿10n#neS of Mary UK CIO 1

Reference and admlnlstratlvo dots11$ Principal Bankors The Royal Bank of Scouand pk London Corpy*e Se￿￿ Centre 4th Hoor Devonshire Sq￿e London EC2M 4XJ Invoslm•nt Managors L & P Financial Truslees Limited Cantor Fitrgerald House 23 St Stephen's Green DutrAin 2 t)02 AR55 Ireland Sollcitors Stone lfjng LLP Upper Borough Court 3 Upper Borough Walls BA1 1RG FranCI￿n Mi5sionarbes of Mary UK CIO 2

Trustges. rgport 31 December 2023 The trustees present the report and acwunls of Franciscan Missionaries of Mary UK CIO, a Chari18ble Incorporated Organisation {ClOI I'the charty. or 'the CIO'I established on 14 July 2022 for the year ending 31 December 2023. FMM The 8ccounts have been prepared In accordance with the accounting poliryes set out on pages 44 to 49 of the attached accounts and comply with the charity's Conslitulion, the Charities Act 2011. the Charities and TrLtslee Investment {S¢oUandl Act 2005. applicable Charities Accounts IScoUandl Regulations and Acc4)unling and Reporting by Ch8ri1ies.' Statement of Recommended Praclico applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and the Republic of Ireland (Charities SORP FRS 102). The a¢counts accompanying this report are the accounts of the CIO on which the assets of the Congregation in England, Wales and Sco￿and are held. With effect from midnight on 31 December 2022. the aclNilies. transactions. assets and liabilities of The English Province of the Instllute of Franciscan Missionaries ol Mary Ch8ritsble Trust, Charity Commission Number 249515 {the Charitable Trusll, wth the exception of Ihe Sl Finian's Fund18 special trust fund Tepresenting the assels and liabilities of St Finian's Trust. Charity Registration No. 1046659}, and some of the fixed asset investments (which were transferred lo another CIO) were transferred as a going concem lo Franciscan Missionaries of Mary UK CIO in accordance ￿th a legal transfer of undertakings and a resolution of the trustees. Further infomation regarding this transfer is given in the notes to the a¢counts. An introduction to the Francl$can Mlsslonorlos of Mary Who are we7 The Institute of the Franciscan Missionaries of Mary (FMMI {Ihe Institute), founded by Blessed Mary of the Passion. IHelene de Chappolinl, in 1877. is an intemational Roman Catholic Institute of Religious Sisters workir*g and living in 71 countries woddwde. We number 5,035 sisters as of 31 October 2023 and are as many as 77 nationalities. f'i FiINCE BELGIQUE HOLLANDE IIES FEROE ANGiETERRE ECOSSE IRLINDE MALTE Franciscan Missionaries of Mary UK CIO 3

Trustees, tèport 31 December 2023 An Introductlon to tho Franclscan Mlssionarfes of Mary Icontinuedl Who are we? (continued) We are women of different nations and cultures, who out of love for Christ deslr6 10 live our lives in fidelity to the Gospel, consecrating them lo the semce of the Church and manifesting G¢Jd's Love for all. especially the poorest and most abandoned. We do this through very practical work for the poor, the sick, the lonely and thè underprivile9ed wherever we are, 8￿yS bringing those we serve to the Lord in prayer. We p8rtlcipale in the universal misston of the Church and undertake this mission in multicultural society which is searching for meaning. Although we come from different backgrounds. we choose to answer the same call and to live together in inter¢Lsllural communilles as a sign of community and reconciliation and a withess to unity in diversity. As women of faith. we live a lrfe of contemplation and action. indeed we believe that God invttes us to enter into communion with Him, and in Him ￿th our brothers and sisters. il is in welcoming His presence OLsr lives become prayer. It is in the Eucharist, celebrated and adored. that we surrender ourselves wth Christ and draw strength lo live this offering- in work, whatever it may be, we unite ourselves wth our brothers and sisters: it is the Lord o sends us and il is He whom we recognize in each one. Every FMM draws their inspiration from Mary of Nazareth whose openness lo God's spirit working in her made possible the birth of Jesus. the son of God, and from St Francis of Assisi who inspires us to be'living Gospets in the midst of the world, following in the steps oflhe poor and humble Chrisf. In this spirit our foundress asks of us that we'walk as living gospels, in the worfd. Our Religious Institute was founded for MISSION. and every FMM must be ready lo be'sent. on mission wheTever that lakes her. She commits lo leave the familiar and go wthoul hesitation to share the lives of those to whom she is sent. and. to discover in them. the mystery Ihateach human person is. in an attitude ofrespecl and humility- She is invited to see all people as her brothers and sisters. and to spread the Good News of God's love by living and working in local communi(ies. Where arn we? The Generalate ofthe Ffanclscan Missionaries of hAary is located in Rome. From this centre we span the globe where we forrn Prownces led by Provincials and their councils who sustain both the unity and diversity of our mission and ministries. A Province is a county or group of countries. where FMMS live and work. Prownces develop their own foms of ministy in response lo the local needs and evaluate them every three years al their Province Chapter where they drdw up their Province Plan settirsg out their priorities for the coming years. Franciscan Missionaries of Mary UK CIO 4

Trustees. report 31 De￿M￿r 2023 An Introductlon to the Franclscan Missionarie5 of Mary {conlinuedl Wharn are we? (continued) The Institute has been in a process of change over the last four years. This process is one of both person81 and communal transfomiation. which has taken us to the point of moving from Prownces to Regions. During the last General Chapter of 2022, the constitution of these regions was agreed and here in the UK we are now part of the North-west Europe Region. This comprises the countriès of France, Belgium, Nelherfands, Faroe Islands. UK. Ireland. and Malta. This became a ￿alIty on 31 October 2023, and it was marked by a celebration of the Eucharist in Les Chatelets in France. We are still in the very earfy days of this transition and are taking bold steps to ensure that "communty is at the heart of this transfomiation. it is there we live the challenge of leaming lo live inlerculturally, of allowing ourselves to be touched by the realities that emerge locally and globally, and of giving 8 missionary response as a Body.. .Our brothers and sisters uprooted from their homes and countries. the suffering of the planet and other emerging realities ¢811 us in 8 parbcular way to continue this outsvard movement in our way of living mission... Becoming thi5 new Region of Noth-wesl Europe presents its own challenges among which is language, and so as many sisters as possible from all sides of the Region are maknng efforts to leam both French 8nd English which are needed for daily living. The new leadership team who were appointed lo lake this process forward are (from right to left).. Sr Loetitia Chevallier (Regional Superior). Sr Aberta Forson (Assistant Regionall. Sr Mary Fitzpatrick (Assistant Regionall and Sr Elzbieta Walkowiak (Assistant Regionall. Franciscan Missionaries of Mary UK CIO 5

Trustees, report 31 December 2023 An Introduction to the Franciscan Mbsslonarfes of Mary {continued} Franci￿an ml￿10nart¢S olmary. United￿'n9dOM The a¢xounts accompanwng this r8w)rt are the ac￿Unts of Ihe CIO on which the assets of the Congregabon in EThJland. Wales and knuand arg Wd. Fnjm it5 first iwinnings in the UK in 1887 the Franciscan Missionaries of Mary are now 8sent in fcAJr communities in England and I￿)Muni11es in As of 3111212023 No. of sist•rn No. of nJttonalltlg• ENJland S¢otsnd 41 There were a number of cc*Miunities whth ckjsed in 2023. These were St Gabrigfs Convenl and Cold Ash Centre in Berkshire, March in Cambridgeshire (although we no longer have a pernianentcommunity there. we have retained a presence and it has bècome an c¥Jtreath mission SUp￿)rted by trlr) of our London hous8sl, and Portlethen in Aberdeenshire. During 2023 iwo sisters died in the UK one SI￿ left for mlsslon in Irdand and one &5ter is residing outside of community. Alissl The Cortslith¢)n ofthe CIO ststes.. {11 The objeGt of the CIO is for suth d)8rttsbk8 purw)ses vthith advance the religious and other charitsble vuk CWTied on by or urKlerthe di￿110n ofthe Instibjte as the trustees, wilh the approval of the Region81 Superi￿. shall from time to time think fft and if at any lime the Institute shall cease lo e￿st or shall cease lo carry on or direct any such lawful charitable work then for such lawtvl tharitable purposes conn&ted ￿th the advancement of the Roman cathol￿ religion 8$ the trustees s￿1 decide. 12} NothiNJ in this constrWbon shall aul￿rISe an ap￿ica￿n of tho woperty of the CIO for the purposes which are not charitaNe in accordance ￿￿th Section 7 of the Charities and Trustee Investrnent {Scollandl Act 21J)5 arKI sethon 2 of the Charibe5 Act {Northem Ireland) The mission ofthe CIO also indudes the carn of all members ofthe Institute throughovttheir Iwes with the Insttiute. When selbng the objedives arKI planning ofthe charityfor Ihe year, whth ltwo￿8S the individual ministries of sislers. the trust￿ have grven careful consideration to the Charty Commk%sion's gu￿anCe on puts1￿ benefiL Our mission commits us Yo the service of life and the care of creation. and in so doing we seek to express God's compassh)n for our wodd and e5peckqlty for the poor and the sick and those ￿0M swety overfooks. and 50. we tske on any task that gives priority lo human life. or that values 8nd promotes the growth of the human being. Franclscan Missionaries of Mary UK CIO

Trustees, report 31 December 2023 An Introductlon to the Fra￿l$￿Tr Mlssionaries of Mary {continuedl Alission (continwdj At this time of tranSl￿n a p8rticJlar care has been gtven lo building up community life and to this end community houses have been ck)sed and sister5 have been reassigned in an effort lo strengthen communty Irfe. Thi5 has been ewdent in the number of houses that have been dosed. In 2023 d￿sic￿ts lo cbse ts folbowng communities were tsken.. {1) st Gabriel's cOnv￿t and Cokj Ash Centre. Berkshire (ill 11 prin￿ Walk, Marth in CamtKidgeshire liiil 95 Garknore Road. Paisley (Nl 16 Dunvegan Aven￿, Porfjethan. Aberdeenshire. Al the time ofN¥TitiThJ this reportwe have left the mission in Pordethan. our sisters from Cold Ash have been transferrejj to Canning Town vthere a new eighl-bed extension has b88n a¢Jded to our Convent there for fv spectfic ￿e of our frail and eldedy sisters, the community of March left in March 2023 bul sisters from ts¥o of the London houses continue to spend time there every month to continue the misslon, and the communty of Paisley ar8 preparing to leave Paisley in May 2024. In fulfilling our ￿MMItMent io the otrqecbves of the CIO and resp)rKJing to public need the ministries of the sisters fal bm8dty into the fc41ov￿Thj categories.. Worship arKI pray Caring membws of Ihe Instiknrte Soual and pastordl work.. and Edl￿atiOn- faith and spirtiuality. Franciscan Missionaries of Mary UK CIO 7

Trustees. report 31 December 2023 Activitio5. specifi¢ obj¢¢tives, and relgvant policies Worshlp and pra￿r Our religious constitutions say.. "in the depth5 of our being the Spirrt of the Son continually cries Abba, Father. God, who acts unceasingly within us and transfomis us, invites us to enter into Communion with him, and in him with our brothers and sisters. In welcoming his presence our lrfe becomes prayer.. 11 wnlinues on lo say that prayer strengthens our missionary thrust and that like'mary we are attentive lo the Word and open to the needs of others so as to bring them lo her Son.. To INe this fully our prayer lrfe needs lime and the rhythm of silence and communal prayer, and the sustenance of the sauaments. In each community our day is stnJcttAred arOUr￿ prdyer Daily moming and evening prayer of the churth • Daily mass + Time each day for silent adoration before the Blessed Sacrament + Meditation and splritual reading of the word of God and other spiritual book5 + A monthly day of recollection and annually a time of retreat for a more Intense lime of prayer. Every sister participates in the prayer life of the community. in a real way she brings lo God Ihe worfd in 811 ils ngeds and from there she recewes the strength to go out and become "a living gospel in the world. as our foundress wanted us to be. Our elderty sisters lThie this mission in a very intense way. Having Completed their life of active service they give a y￿ater time to prayer and in a particular way they pray for the wodd and for all the requests for prdyer which come through our website wM.frnm.o Beyond the community rnany sisters are engaged in the prayer life of Iheirlocal communities through.. Interfaith and ecumenical prayer Spiritual accompaniment Retreat work Various prayer groups and Scrlplure Sharing groups. Franciscan Missionaries of Mary UK CIO 8

Trustees. roport 31 De￿mber 2023 Activiti05. sp•cific Objecti￿$, and r81gvant policies Iconlinuedl Worship and Pray8r (conlinued) Many communities welcome groups of people into their homes for prayer and meditation. The communty of Paisley have hosted a meditation group in their chapel every Tuesday evening and have been doing this since 1997 when we opened a house in Paisley. At the moment they S￿ nine in the group and they follow the world community for Christian's medltslion as given by John Main. The prayers last about an hour 8nd of course afterwards they move to the parlour for a cuppa and lo share their news and stor*es and simply enjoy being with ea¢h other. Other communities are engaged with their local parishes in running various prayer groups where they offer the possibility to parishioners lo deepen their relationship with God in the real-lrfe experiences of the participants. and offering a °way of prayerf lo parishioners searching for God and desiring to draw closer lo Him. Most communities open their chapels for th¢)se who wish lo join them for prayer and limes of adoration before the Blessed Sacrament, Mum's wf(h their toddlers are a￿ayS welcome and find it a welcome spaco of silenc9 in the midst of our very busy worfd. Again in 2023. FMM sisters accompanied a group of Parishioners in SoLth West London for whal is now bècoming an annual parish retreat. Each sister accompanied about five or six parishioners leading them into an eVer-dee￿nIng relationship wth God. The number of sislerE engage(l in Spiritual accompaniment al indiwdual and group level is= England.. 9 Scod8nd.' 4. Franciscan Missionaries of Mary UK CIO 9

Trustees. report 31 December 2023 A¢tlvltl86. spoclfic objqctivas, and relevant policigs Iconlinuedl Caring form8mbets of the Institute With an ageing membership, the Ca￿ of our sick, frail and elderly slslers is a misgon priority for us here in the UK. The demographics for the UK demonstrate this well.. Age Profile of UK 12 12 12 io 21-30 31-40 41-50 51-60 61-70 71-80 81-￿ 91-1(X) IO0+ Agè Groups There is a duty of care on the trustees lo ensure that our sisters in their older years receive the care and support they need to live out their lives in peace and securrty as members of our religious ¢ommunty. 11 is important lo remember that during their active years these SlSters served both here in the homg mission of UK as well as overseas in as many as thirteen countries- this represents the number of eountries that the present group of sisters receiving cafe in Canning Town have served in. They worked in various capacilios in areas such as health care. education. social and pastoral aclivilies. In October 2023 our sisters who were being cared for at St. Gabriel's Convent, Cold Ash, left the beautiful ¢ounlryside of Berkshire tojoin our sisters in Canning Town in the East End of London. Both of these communities are among the oldest eonvents that we have in the UK, Canning Town was founded in 1897 and Cold Ash in 1915 and the sisters have had a long history in both of these localities where they have provided education and employment and have been engaged in social and pastoral work. Franciscan Missionaries of Mary UK CIO 10

Trustg9$' report 31 December 2023 Actlvltlos, sp¢¢lfic objectiv•$, and relevant policies {conlinued} Caring ft)rmembers of the Institute (continued) Canning Town Our house al Canning Tovm was purpose buili in the earty 2000's to care for our frail and elderly sisters here in the UK. As part of the on%oing planning for the care of our elderfy sisfrrs. the trustees wth the wnsent of our Generalale in Rome have enlarged the facility al Canning Town to provide eight extra care rooms Ifulty ensuitel, extra storage facility at ground tloor levgl. new cha￿1 and enlargement of the kitche¥) and storage lo Cater for the extra workload. The house now has nineleen rooms for the care of our elderly and frail with a hjrther five rooms for thos8 vtho are more independent and rooms for the sisters provlding the care and guests. The work was completed in September 2023 which was behind sehedkjle bul we managed to transfer all of the sisters from Cold Ash to Canning Town by mid-october. As part of the farewell to Cold Ash a final mass for all those connected wth lrfe at St Gabriel's Convent and the Cold Ash Centre was celebrated in the maln chapel on 12 Augusl 2023, the main celebrant being the Bishop of Portsmouth, the Right Reverend Philip Egan. who was joined by the Abbtsl of Douai Abbey, the Right Reverend Paul GunlerOSBand manyofthewmmunity of Douai Abbey as well as Franciscan Fathers and Brothers and Diocesan priests who have had conne¢lions wlh Cold Ash over the years. 11 was a be8utiftJl occasion and an opportunity to express our thanks for the support and kindness of so many good friends. neighbovrs and colleagues who have been such an integral part of our life in Cold Ash. The life and history of our sisters in Cold Ash was beautifully PTesenled in word and image arOur￿ the corridors and in the main seating areas where friends met to enjoy a me81 and celebrate the lrfe of so many wonderful women whose memory lives on in the local community. For many FMM sisters itwas a celebration tinged th sadness. Letting go 15 always difficult and Cold Ash until the 1970's was where FMM life began for so many. There were fond memories of life on the fami where many young noM¢es di5covergd a way of life unknown to them, and of the links wth Douai Abbey from where many priests came to celebrate mass and the sacraments and gave courses in liturgy. scriptures. theology, a￿1 ecclesiology to the young flowces. Franciscan Missionaries of Mary UK CIO 11

Trustees, report 31 December 2023 Actlvltles, $pacific objoctives. and relevant pollcigs Icontinuedl c0tr7ng for members of the Institut8 (continued) Canning Town (continued) There were other notable moments in our history like Ihe links wth the American Base at Greenham Common from where many servicemen and women visited the Convent over the years, the history of Cold Ash recounts how on 15 December 1944 the then Bishop of Portsmouth, Bishop King was assisted by Fathers Henry and Holland, US chaplains. and '$14 how later he confirnied 15 American soldiers and tyvo nLtrses, al Cold Ash. This was the stsrt of a long relationship with the US Base, and it is recorded that some 250 US servi¢emen and women were confimed at Cold Ash along wth some 40 baptisms. Visits of servicemen and women were a￿ayS eagedy awaited by the children in the boarding school asthey camewlh Chocolate and other Ireals and film showsll Followng the war, the sisters visited the Base for catechesis and indeed, when servicemen retumed lo the UK wth their wives and families, they would come to wsil Ihe sisters and recall their visits to Cold Ash during their years al Greenham. Locally the sisters were well received and integrated and what they could share with local people they shared, including a knowledge of famiing - one sister, Sister Mechlilde, was well known for her pig rearing and re￿iVed may first prizes al the local Newbury Show, and many Msits from local farmers seeking 8dMce. One other notable event which again goes back lo the war years was the accommo(Jalion of the TeacherTraining College students and lecturers from Roehamplon in London. These We￿ events sisters took in their stride and made the best of in a spirit of generosity and sharing. Of COLtrse the school al Cold Ash has undergone many changes over the years from its small beginnings lo the present day Sl Finian's Catholic Primary School which is now under the Portsmouth Diocese. whe children receive a faith based Gatholic education. l of this was just a part of a greater history to remember and ￿lebrate as the sisters prepared lo move lo Canning Town. During 2023 we engaged some foty one employees in the care of our elderfy and frail 8i8ters. Eighteen at Cold Ash and tsventy- 4815-2013 Franciscan Missionaries of Mary UK CIO 12

Trustg0s' report 31 Decembgr 2023 Actlvitles. specific objectives, and ralevant policies (continued} Cafrlng formemljers of the Instltute (continued) Canning Town (continued) three at Canning Town. Wrth the dosyre of Cold Ash. our staff there were all offered redundancy effective from 1 October 2023. The whole process was carried out in accordance with recommended practice, bul in a SPITII of kindness and compassion, there was a special gathering for all staff before closing Cold Ash to express our appreciation and gratstude for the care they had givèn lo our sisters over the years. Indeed following the closure of Cold Ash some staff have been to visit the sisters at their new home and others keep in rogualar touch wf(h them. The enlarged facilty at Canning Town is now home to 24 FMM sisters and after tsvo years of disruption with building and noise rt is now settling down and is becoming again a place ofwekome, peace and joy. In or¢Jer to meet the new demands for care we have now increased thè staff at Canning Town to Yenty seven and continue lo revi8w the sf(ualKJn. ei In fvlfilling their duty of care lo our sisters especially those more elderfy, frail and vulnerable, and in assuring the highest possible care and safe envifonment, the trLtstees aims are as follows.. To ensure that all members of the Institthe receive the care they need in order to lThie a good quality of lrfe. To make an annual review of our properties lo ensure that they meet the requirements for care of our elderly and for missionary involvement. To safeguard the continuation of the individual ministries of all members of the Instilrte being mindful of those missioned with the care of our elderly sisters. To ensure that there are sufficient staff lo coverthe increased demand on our services at Canning Town. li• New chapel Cannin9 Town Franciscan Missionaries of Mary UK CIO 13

Trustees, report 31 t)ecember 2023 AGtlvltlos, speclfic objectives. and relwanl polld•s Iconlinued) Achlevoments In 2023 work on the construction of the eXtent￿n at SL MargareV8 Convent, Canning was completed * the end of September, this was a delay of almost two months on the pIanft￿J compbetM)n. Sk8teTS frcrfn Cold were rrk)ved to Canning wi the first tsvo week8 of October. At the end of 2023 frfteen sisters are receiwng direcl care at Canning Town, fNg aro receNing indirect care and four Siste￿ are * the se￿￿ of our elededy sisters as animator. kitchen supervisor, prcturemenl ar￿ pastoral care. The workforee at Canning Town was increased to ensure sufficient staff to cover the extra workbwj. Thrs 1$ constanty rewthved and agenw staff are brought in as required. I stsff attended their annual mandatorylraining and new stsff were given an irKlurth?n session as well as ￿ng sKJned up for all mandatory traning. Policies related to HR and care prowsion a￿ regukqty rewthved and updated to refl&t Govemment leyb8latK)n and tst pr￿e. Soclal andpastoral The objectives ofthe CIO C￿mit itto.such chwitable purww which advan￿ therelyious and other chantable worf( cari￿ on by ￿urnIer the dlTrCf￿ of th8 Instit(rte-. Soctal and pastoral actiwtses are where rnost irKIivKlual members of the Institute live out their missiollary vocation. Included bekMI is a summary of the objectives of the trustees in this area arKI how these are beiNJ aCh￿v&￿. followed by more in-depth rewrbng of those actrmtss accorthng to their (xtwy. Trustee5' thectives to meet S￿la1 and past￿al need5 are to ensure the well-being and support to all its members so that bw might Enable all members of the Instilute to engage in meaningfvl pasloral arKI social ti￿lIes I￿1h1n their local communities and beyond and ensuring that they have the n￿$Sary skill seL Iluency of larMJuage and competence for these engagements. Ensure that all membws are fatthful to the Constitution to.w￿7018 the growlh of true scKial awarnn￿ within Ou￿81veS and in Ihose around us,. and to give priority lo the poor and margin81ised. Encourage seif-suffi¢iency. to this end sisters slM)uld engage ￿ remunerated work sthere possi1￿&. The praclice of the Insliiute is that all irn￿me ts donated by Covenant to the charfty to help towards the Imng expenses end mission of the sisters. Franciscan Mwwaries of Mary UK CIO 14

Trustees. report 31 December 2023 Actlvltlos. spe¢lfl¢ obJectlve5. and relevant pollcies Icontinuedl So¢lal and pastornl work (continued) Most of the activities that sisters a￿ engaged wth fall into the area of soctal and pastoral work. Ministries fall broadly into the followng categories. and many of them are carried out in the ¥Mdor voluntary sector.. Chaplaincy work in hospilals and prisons Voluntary Work with other Organisalions Parishlpasloral work Hospitality lo sisters from other countries who come here for language and professional studies. ChaplainGy WLYk in hospitals andprisons Meet Slster Tr8m who Works as a Hospital Chaplain in ono of London's busy city hospitals, where she is one of the Chaplaincy team along with other faith leaders offering spiritual care lo their patients and to their families. friends, and carers. Being with a patient and their family during thgir hospital stsy requires a great sensitivity lo their needs and an ability lo listen compassion and understsnding. They accompany them through difficulties and even through the death of a lovad one. This is not an easy tssk, bul it is PTivileged one and it is a sacred one and, in that spirit, they are a presence of God's loving presence lo those who are suffering and grieving. Of course. chaplaincy work is demanding and does not finish al 5pm. Indeed, they musl be ready lo go to the hospitsl al any hour of the day or night to bring solace and comfort lo those in need. As Sister Tram shares'l find this job 1$ a great mission that l am called to ..Ihey are my brothers and sisters in Jesus Christ, and I feel called to be a sign of HOPE.. In 8nolher London hospital one of the sisters from Pulney community is a hospital Msitor. She visits patients On￿ a week and brings Holy Communion to Catholic patients who can fe95 very cut off from the Church and the practice of their faith while in hospital. This weekly visit is a Mtal life-line and a reassurance to patients that they are not forgotten butvery much in the thoughts and prayers of their local Catholic Church community. But of Coufse, her slts are not just lo Catholics bul to all those who would welcome a wsiL Franascan Missionaries of Mary UK CIO 15

Trustoes. report 31 December 2023 A¢tlvitias, specific objectives, and relevant polici•s {conlinuedl Social andpastoral work (continued) Chaplaincy work in hospitals 8ndprisons {conlinugd) Another sister from Brixton community shares." "I visit patients in a hospital providing pastoral, spiritual and religious support. These are healing encounters of listening and engaging wlh care. At times the only possible encounter is my silent presence. I hold these moments with respect and reverence for the patients and offer them an opportunity to express their deèp emotions and longings.. Prison chaplaiTr¢y is an outreach from one of our London communities where three sisters are engaged with prisoners as part of the chaplaincy team. They work at the prison every weekend lo prepare for the celebration of Mass and prov¢de music al the lilurgy. As one sister Shared. several prisoners have found the celebration of mass very helpful. and some have chosen to explore their faith more deeply even asking for baptism and reception of first Communion and Confimiation.. She goes on lo say that. gr8dualty the men have grown in confidence and have moved from simply sitting and observing the liturgy to being more fully engaged with playing guitars. singing and generally helping with the lilurgy." OF course. liturgy is a￿ayS followed by some social lime and that means lea or coffee and lime to sil and share. These moments are also faith-filled and sacrod and are held in that spirit by 811 members of the chaplaincy team. Sisters have witnessed the feeling of loneliness and isolation that prisoners go Ihrough especially at family limes like Christmas and other special family (Kcasions and they ty lo be there for them. As one sister put il they are 8 part oftheir journey on the road lo recovery and strength for their future. and that is a privilege. Some of the prisoners have expressed their thanks and appreciation to the sisters. One made this beautiful heart from matchsticks which opens up to reveal a heart bearing a treble clef as he found through assisling with the music at liturgical celebrations place of enjoyment and trust, and another, made this r05ary ￿et￿8¢e from broken beads he found. All as a thank you. for being there, for breaking into their isolation and a￿ve all for bringing with them the gift of God who has made His home in their livesl Working in chaplaincy. we have one sister in paid part-time employment, three sisters who volunteer as hospit81 visitors. and three sisters who voluntser as prison visitors. Franciscan Missionarie5 of Mary UK CIO 16

Trustees. report 31 December 2023 Actlvltle$, spe¢lft¢ objectlvos, and r81ovant policies l¢ontinuedl Soclal andpastoral work (continued) W￿kIng in the voluntary sect(Y In his encyclical Evangelii Gaudium, Pope Francis says. at the very heart of the Gospel is life in wmmunity and engagement with others. The content of the first proclamation has an immediate moral implication cenlred on charty.. He 9￿5 on lo say.. °to believe that the Son of God assumed our human flesh means that each human person has been taken up into the very heart of God Our redemption has a social dimension... an authentic faith... always involves a deep desire lo change the wodd, to transmit values, lo leave this 8arth somehow better than we found it.. Iforllhe earth is our common home and all of us 8re brothers and sisters." Our own FMM constitution Commits us to give priorty to the poor and marginalised and lo work for their human dignity and libety. In ftjlfilling the charitable Pufposes of the CIO, our sisters are engaged in the voluntary sector working in such areas as the alleviation of povety, with migrants and ￿fugeeS, with vidims of human trafficking. with the bereaved, the homeless, those with disabilities, indeed the list is endless. Some of these activities include: Stroot Pastors." We have fv40 sisters who go out lo the city streets of G18sgow and Paisley as Street Pastors. Their shift is from 10pm until 4arn and their aim is to be available lo those who may need help of any knnd. They opèrate In teams and their rnission is to care. listen, support and help VLJlnerable people. especially young people. As one sister shares l am happy to b8 part of this inter-christian initiative. I believe it is extremely important to work together, pray and go out of our churches to be with those who are vulnerable, lost and neglected in our society. In my experience, through small gesttjres of care and compassion, simple words of 5UPPOrt and a friendly approach to everyone, we ¢￿at8 a more humane and welcoming world in our local communities in a very real and tangible way.. Street P&st(X5 pfBparing ¢0 w out. Wop*ing with the poor and homeless." One sister describes her work wth a Glasgow City Centre Project which runs a centre that offers help wth housing, mental health issues, benefits. addiction and so much more. They assist wth filling in fomis which can be a very dtfficull and daunting experience for many. Therè is also a Drop-ln where lunch is served be￿een 1pm and 2pm, and dinner from 6.30pm ti118pm. What is very beautiful about this work is thal once lunch or dinner has been seTved the volunteers then sit wth their guests and eat with them, in this way building up trust and developing relationships. They seek lo create a space where their guests can be heard in a relaxed and friendly environment Franciscan Missionaries of Mary UK CIO 17

Trustses, report 31 December 2023 A¢tlvlttOS, $Pgcffi¢ objgctlvos, and rnlovant policl¢s {o)nlinuedl Social and pastoral work (contsnued) W￿king in the voluntay Sed￿ (Cc￿tsnUedj Another sister also volunteers under her kKal SVP (St Vincént de Paul) group where they run a Soup Kitchen for the pcor arKI homeless and On￿ a week on Fridays provhle a three- course meal. Ot course, preparation of the meal is important as she shares 'an important part of our ministy is listening, simple sharing and vthen rew)rts of special needs ar8 shared then to directthem to organisation5 and places where they can find the help they W¢%tlng wlth rgfug88s and asylum se&k6ts." Our sistsrs work ￿1th a number of different organi5ab.ons whose aim is to meet the needs of re￿geeS and asylum seekers. Some of these are organis￿1 by the voluntsry sector arKI others by local counals. One sister volurrteeTS with a projecl supwrted by the k)cal counryl vthgre refvgees housed in a nearby holel. where actxJmmcKl8tion is quite limited. are gNen an opportunity to attend a Centre where there is plenty of space for thi1j￿n to play indoors arKI in good weather outdoors- imagine that sense of space when you're Confin￿ to a small holel room. The centre off￿5 parents and children opw>rtunities to find support and sha￿ their gifts. They lake their lum to prepare fc￿ from their own counlries to be shared with the group and of Cou￿8 il is an (w>rtunity to sharg their stories and keep mordle 8lr¥e in the hope of one day finding th￿r cr•Vn place lo INe, getting ajob, and integrat￿g into a ne4V cutture and socEty. She says.. "It is a great priwlege for me lo get to krnw them and undeTsland them as individual people th a history and I hope a fvture.. Another sisterwfjrks wrth a thLtrch-based proiectbthere Itw offer English18nguage classes for refiJgees and as￿urn seeker5. Ajthough ￿t direcyy invow in teaching English she offers one-t(pone counselling. lisleniThJ and spirilual al￿npanIMent to students. Sho shares:'l am real￿ happyto be a part ofthis proiect which has a strong flxus on supporting. empowering and integrating refvgees in the Ic¢al realitf. Worftlftg wlth people with disabllltles." Tvr sist￿5 Y•Drking wth drfFerenl groups are meeting the noeds of Ihose disability. One group is parish based and falls under the umbrella ofthe St Vincent de Paul Society ISVPI. It iwan when a group ofwomen wanted lo give parents of chiktren ￿ S￿la1 needs an evening Nthen they could relax knowng that their children were in g(xxl hands, being cared for and enjoyng Ihemselves. Twice a month an evening of acbwties is offered and then on special Occasic￿S there are Paty Nights fr)r parents and thildren. &ster Maureen vth) h8s been a spiritual animator to thi5 group says" 'Il has been a most inspiring and enga3ing time of leaming and enjoyment for Wor*lng wlth vlcrfms of trafflcklng.. Four sisters are engaged in working with women who have been trafficked. This wjrk is everything from befriending them. helping wth English and assisting them wth appointments and translations to being part of 8 larger nefv40Tknng organisation working for the rights of all people who are caught in th8 trap of traffickers to briryJ about their liberalion and healirg. Franciscan MissKMari8s of Mary UK CIO 18

Trustees, report 310ecember 2023 Actlvltlgs. specific objectlves. and relevant policies Iconlinuodl Social and pastoral woRk (continued) WorkAng in tha voluntary sgctor (continued) Pope Francis says of human trafficking that "It disfigures human dignty. Exploitation and subjugation limit freedom and turn people into objects to use and discard. And the system of trafficking profits from the injustice and wickedness that oblige millions of people lo live in conditions of vulnerabilty.. He goes on lo say that those largeled are people who are impoverished by Ihe economic crisis. dimate change and situations of instability, wlh women, children and migrdnts being the most exploited. He has called on the church to help Iransform society and to find ways to °prevenl the shameful scourge that is human trafficking. Our sisters are committed lo this wort not lust here in the UK bul around (he worfd and it is in keeping with our foundation lo work for the total liberation of humanity. Thirteen FMM sisters are engaged with the Vol¥Jntary sector. Pansh and ther Pastoral Work In all our communities, sisters are involved in pastoral work in their local parishes. ThSs work includes.. Home visi15 to the sick and housebound Involvement in the liiurgical lrfe of the parishl ministers of the Word and Eucharist. Calechesis Spirttual AKcompanimenl. Home vlslts to the sl¢k and housebound. In the depths of every heart, love creates bonds and expands existen￿, for il draws people out of Ihemsefves and towards others.. IPope Francis.. Fralelli Tutti} In this same spirit our sisters have a special outre8ch lo the sick and housebound in their local parish communities. These visits are mostly lo the elderfy 8nd sick. many of whom struggle with a loss of independence and an ever-increasing sense of isolation, even in our digital age when mass online is available it does not meet that human need lo connect with others, so these visits are a real lifelinel They are not rushed visits, time is given to listen and share and many limes a sister wll also bring wth her the Holy Communion which is a great spirittal comfort and blessing so these visits end with a time of prayer. Franciscan Missionaries of Mary UK CIO 19

Trustees, report 31 December 2023 Actlvlti•s, sp¢clfl¢ oblo¢tlves. and r81ovant policies {conlinuedl Social andpa$toral work (continued) Involvements in the liturgical lrfe of the pansh/minisler of tha Word and Euchansl Many sisters are involved in the daily life of their local parishes as Ministers of the Word and Eucharist, members of the choir, and celebrations of special occasions such as prayer services for Christian Unity Week, Lent and Advent prayer groups. Some sisters are members of their local parish councils. As an intemalional congregation of women religious we have sisters missioned here from around the world. This reality gives us the opportunity to be involved with some of the immigrant commun￿oS that have now settled here and where the Church, recognising their need to maintain Iheir cultural links, have created possibility for them to gather for the celebration ot mass in their own language and ¢ullur81 expression. One of our Vietnamese sisters goes regularfy lo Reading lo assist the Vietnamese chaplain with the formation of children for the sacraments and lo help with the choir for the celebration of the Masses. or course. they also gather after mass. and it is here that she has an opportunlty lo deep8n relationships and engage in faith conversations with other members of the congregation in their own lan9uage. Thi5 15 a special gift. Having been here many years herself she can understand the difficu5ties they have lo face in letting go of their own cuN¥Jre, family and friends and in entering into a new one. she is uniquely ￿aCed lo assist them in the process of settling into a new reality. Sisters of other n81ionalilies also work in their local parishes helping people from their countries to integrate into the lrfe of the parssh. As Pope Francis says." 'The arrival of those who are different, eoming from other Ways of life and cultures. can b8 gift...for the communities and societies lo which they come." In Aberdeen there are several polish families in the parish and one of our polish sisters Works with them lo help them In the process of integration. Catechesls.. Many sisters 8re involved in calechesis, this is a process of formation, education and on-going conversion through word, worship, servi￿, and community which seeks lo lead all God's people lo an ever4eeper re18tion wth God. This fom)ation is a beginning to a lrfelong joumey of faith, but getting the right start is important. For most il begins as children and continues into adV￿hoOd, and for some it's an awakening al a later stage of lrfe that brings them into contact with the church and a desire to know the person of Jesus more intimately. FrancisGan Missionaries of Mary UK CIO 20

Trustees. report 31 December 2023 Activities, specific obj•¢tlves. and relevant poll¢les Iconlinuedl Social andpastoral work (wnlinu8d) Involvementsin the lilurgi¢allrfg of Ihepanslvminislerofiho Word andEucharist fconlinued) We have len sisters inVo￿ed in the work of calechesis for both children and adults. Our sisters in Aberdeen have been preparing children for Ihe Sacraments of Holy Communion and Confimiabon and have been preparing lay people to continue this woth. Again, where we have sisters from overseas. they have been Working wlh their own catholic comrnunities lo prepare children for th8 sacraments and accompany their parents during this time of prepardlion. Some local parishes have adopted the Apha programme for parish renewal and our sisters have been Ma￿ng thislourney with them. Spiritual A¢¢ompaniment.. Spiritual accompaniment is about walking beside another person in their search for God in their lives. through prayer and reflection and by luming lo the scriptures they discover the imprint of God in their own lives. in those around them and in the worfd. Many of our sisters are fornially trained in this area and offer spiritual accompaniment lo individuals on an ongoing basis or for a specffic time of 'relreal' as well as to groups such as parish social group5 and prayer groups. Our sisters In Pulney have welcomed people for individually guided retreats and for days of prayer. The number of sisters engaged in spiritual 8c¢ompaniment is nine. Education faith 8nd spirituality Our sisters in Putney have been working other Congregations in offering fomalion prograrnmes lo their $1slers on Tertianship programmes. This work has taken them beyond the UK to other parts of Europe. Counselllng.. One sister was working fijll-time as a counsellor with the Vietnamese Mentsl Health Services. She ran various wgllboing groups using Craft 8clivilies, modelling with clay and mindfijlness. These groups, while allowing their creative side lo express itself, also provide a sanctuary where they can safely share the experiences they have been through thus prowding mutual support and care. With her indiwdu81 clients she held one-to-one sessions, usual an￿there from six to Ihity sessions per individual. Unfortunatety. the seNice was forced to dose 81 the end of Summer. Two other sisters are presently training as psythologists and will be looking lo flnd lull-time employment in this area on ¢omplet4on of their studies. Francisc8n Missionaries of Mary UK CIO 21

Trustees, report 31 December 2023 Actlvltles. spoclflc objectlves, and r•levant policies (continued) So¢lal andpastoral work (continued) EduG&lion faAth and spiritualty (continued) FMM Fomiatlon Sesslons.. When the announcement of the process towards Regionalisation within the In51iluts came il was accompanied by a change in the official language of the Institute from French lo English. This ch8nge means that sisters all around the globe need to be proficient in English and lo this end our sisters here in the UK are called pon to assist them. As all sister5 cannot wssibly come lo the UK for language studies bul as technology allows us lo offer wurses online, there are a number of sisters giving of their time and expertise to assist our overseas sisters. Sisters from Vietnam, South Korea. hAadagascar, North Afiica and Europe are continuing lo meet ￿gUlartY online to improve their English language skills. Our sisters here who offer sessions are all retired teachers or have tr8ined in TEFL or some other 8qUNalenl. Our Gommunities are open lo sistgrs to come for shorteror longer courses of English slu¢Jies where they have the advantsge of being in an English-speaking community where they get plenty of opportunity lo practice their new language skills. In 2023 three sisters from overseas came lo study language here in the UK. Fomiation for our own sisters in the writings of our foundress and our charism are ongoing and we have one sister who has received specific training in this area and is engaged in this work both here in the UK and indeed in other parts of the wortd. Sessions are held monthly forthe sisters in the London area and in 2023 there was also a retreat organised in Ireland and Iwo weekend sessions in Scotland. As mentioned. she has also gone to other parts of the worfd to give sessions: Sri Lanka in MarchlApril, Vietnam in May and then a six-week session for formators of the Inslilule in South Korea in JunelJuly. th the group of Forrnato￿ in Soulh Korea The total number of sisters engaged in fomi8tion wslhin the Institute is five. Communlcations.. In fulfilling the objective lo advance the religious and other charitable Work ¢8rried on by or under the direction of the Institute our Communications team and Mission Appeal team give this a specific focus in their ministry. Franciscan Missionaries of Mary UK CIO 22

Trustg9s' report 31 December 2023 Artlvltles, spo¢lfic objactives. and rolevant p)Il¢les {continuedl Social and pasloral work (conlNnu8dJ Education faith and S￿ritUalIty (continued) This year the communications team produced a magazine for free distribution to our lriends and benef8Ctors and to share with parishioners when we go to do the misslon appeal in the Churches. There are interesting contributions from sisters in the Region and those worf(ing in various missions around the worfd and offers readers an insight into the wotl( of the FMM. Ffv Website.'The communlcalions team is also responsiblefor the website which may be found al www.fmmuk.or Therg is a prayer ￿qUeSt page Whe￿ anyone reqLsesl prayers, which are then sent on to our sisters in our care communltles where they are remembered daily in prayer. This is a beautiful mission for our older sisters who a￿ so h8PPy to bg involved. Frandscan hth551onarftt 01 Mary Mission Appeal.. Every year our sisters engage in Mission AppeallAwareness in various parishes of the Catholic Church around the county. These appeals are organised through th8 Sisters Mission Committee in England and Wales and in association with Mission in Scodand. In 2023 the sisters carried out mission appeal in the Fulham Deanery of the Westminsler Diocese. In Scotland there was no mission appeal in 2023 bul we are preparing to resume this now in 2024. Grants and donations Money collected from mission appeals is sent to our Genera1818 in Rome and distributed to various patts of the world where our sisters have projects for the poor and underprivileged. Whi151 the trustees give occosional support to organls8tions in the United ￿ngdOrn whose work is within the objects of the CIO, the charity does not regard itself as a grant maknng entity and 8ppIic8tions for grants and donations are not inwted. Investmentpolicy During the year, the charity's investments were managed by L & P Cantor Fitsgerald. There are no restrictions on the charity's power lo invest. The investment strategy is set by the Iruslees and tskes into account income requirements. the risk profile and the investment managers, viaws of the market prospects in the medium term. Franciscan Missionaries of Mary UK CIO 23

Trustees, report 31 December 2023 Actlvltles. spocffic objectives. and relevant polkies (continued) Inveslmentpolicy (conbnued) The policy 8ims to tnaximise totsl rebJm through a dwerstr￿ portfdio vthi15t provKliny a level of income admsed by the trustees from time to time. There is an Ethical Policy precluding investment in any cwpany, Wh￿h. after reason8ble ertquiry, cleady has significant proffts from an ac1]￿ty wknich is ￿ntryary to the objectives of the Catholic Church. The performance of the rrt)rtfdh) and the charity's invesknent Strategy are rewewed by the trustee5 who meet vthh the investment managers yearly. FUndraI￿ngp0l￿Y The ch8rtty aims to achieve best pra¢lic* in the in thich it communule5 y￿th donors and other supportets. The charity takes care both the tone of its communications and the accuracy of its dats to minimise the pressures on supporters. It applies best practice to protect supp)rters' data and never sels data, it never swaps data and ensures that communication preferences can be changed al any time. The charity manages its i)v lundrnising activitie5 and does not empkny the seryices of professional fundraisors. The charity undertakes to react to and ir7vestigat8 arry complaints ￿gardIng its fundraising acbvities arKI to leam them and iMF￿0ve its service. During the period. the tharity r￿e1￿j no complaints about its fuNJraising ￿b￿be$. Flnanclal revitr Results forthe year A sUmr￿Sry ofthe yearfs resufts ean be found on page 40 of the attachfyj a￿unts. Totsl Ir￿QMe. before the transfer from the Charilabb Tn￿t amunt&J lo £2,375.143. Salaries and pensions of membets of the Institute which are covenanted to the charity were £435.899. Included within voluntary 1￿me are donatKJns ￿eNab￿ of £1.738,866 from FMM Generalale UK CSO, vthich made these donations on behalf of the Institute's Generdlate. Other categories of income Ind￿ interest and investrnent ineome and income from the chanty's Retreat Centre. Other sources of incorre arr￿Unted to £11,350 whth induded a surplus on the disp0581 of tsngible fixed assets of £1.526 and a fOre￿n exchange gain of £8,194. ExpenditLsre totslled £3,843.090 and can be dmded into various categories. Eypenditure relating to mainlaining the members of the InsthJte and supporting them in their pastoral work and ministry Yrds £1.79J.312. £14.210 vras expended on the charity's Retreat and conferen￿ Centre. Of the totsl donatior￿ gr¥en during the year 01 £2,023,248, £24,847 was gNen to the Institute's Generalate for the WO￿ of the charty worldwid8. A further £1,871.535 was gwen direcljy to overseas missions. Francisw Missionaries of Mary UK CIO 24

Trustees. report 31 December 2023 Financial r•¥low {conbnuedl InvgStmwtperfonnanc• (cc¥inu8dJ The net expendilure for the year before inveslment ￿SSeS and the transfers from the Charitable Trust totalled £1,468.007. Nel investment bsses lotalled £31,660. After accounting for net inve5trnent losses and gains. and exduding the transfer from the Chariiable Trust, the net decrease in funds forthe year anK)unted 10 £1.499,677. The thanty's listed investments achieved an income y￿d of 2.2% and a caprtal yielj of minus 2.50h. The performan￿ of the portfolio reflected the conditL)n of the m8dots generalty throughe￿rt the pwiod. Tr investment managers conlinued lo invest in accordance with the trusls' invesknent polKy set out earfier in this reporL comptying with the ethical guidelines given to them. Furfher detals a￿￿J1 investments. are provide(l in note 10 to the actounts. ResaNes polkyandllnanclalposldon chanty's balance sheet shcV￿ total fvnds of £8.459.692. Of this total £688.048 represents general reserves and £7,354.099 represents the tsngible fixed assets of the tharity. both of whK* reserves are held on unrestricted funds. RestrKted funds totalling £417,545 tt)ns¢sl of a building fund which represent$ donations received from the Generatale ofthe Institute for the ext￿On of a propety in Malta. Further detsils are given in note 13 to Ihe ￿¢￿nts. The retirement needs of the srsters in the sectorwill be met by the Generaiate'$ investment fiJrKI held in the related charity FMM Generalate UK CIO. The trustees are also aware of the imwrtance to the charity of the investsnent assets and the In￿Me generated therefrcrfn. Given the financial instsbility there 15 a real need lo retain monies to enable the thg temi finan¢>al stability of the tharity. Free reserves al the year end totalled £688.048. The trustees consider that the level of free reserves is adequate bul not excessive and wll enable them to pursue su(wsfully th￿r respective d)aritable objectives. Futurn plans The nevAy consbtuted RegK)n of North-west Europe cLJmprising the countries of France. Belgium. Nethedands. Faroe Islands. UK. Ireland and Malta is S￿11 in a time of transition, and during this time the new Regional Leadership Team are getting lo know the Region better, taking bme to upsknll in language proffi¢iency and getting to know the sisters of the Region. Frawscan Missionari95 of Mary UK CIO 25

Trustees, report 31 Decembw 2023 Future plans (continued) The￿ continues to tr￿ an emphasis to: Deepen our Itfe wlih God and the liwng out of our FMM tharism in the re81tbes of our Changing environments and the people we serve. Build together more Sustainab￿ cOmm¥Jn￿e9 from which ministy can take place and lo ensure the SuSt￿nablI1ty of cyjr minislries. Ensure the orKJoing foThation of si5ter5 ix)th professtonalty and in our FMM charism, particulaty our younger sisters. As a part of this endeav(MJr, we wll continue as much as possible to wdcome ￿sterS from other countries vkno como lo the UK to leam English and to foll(N¥ other academic courses supp(Kting them during thelr stsy and suring th￿r ac£ommo¢Jation aThJ Imng expense5 while they are wilh us. We give rKiority lo ensuring ts continued care of ourokler arKI frail sisters so that they may live out th￿r lives wcefully and contented￿. In ck10￿r 2023 we were able to move our sisters from Cokl Ash lo St Mafgarel's Convent in Canning Town where our house there is purpose built for the ￿re of our elderfy and where we have now npbted an &bedr(￿ extensi￿ so that we have sUffi￿nI care rooms for their It is tha vitsh ofthe Twsleesthat ourtxrfnmunities open tsr chapels to those wly) wsh to come and pray, doiTrJ so in a safr secwe manner. In ensurirYJ life-giving communrbes it is the COn￿nve{l intention of the TNslees to close some c￿rnMunIli8S. In 2023 our txrfnmunity in March, Cambridgeshire was closed bul the house was retsined foroutreath mission from our London houses. In Portsth￿ the communty there wa5 dosed in November 2023. The sisters have now moved to Royston, Glasgow. where it is hO￿d lo build up the mmunity and mission. At the time of vThibng this reF#Nt the community in Paisley has ￿en closed and we had ¢￿￿pIetion of the s& on 14 May 2024. In 2024 we our convent at st Gabriefs. The Ridge, Cokl Ash. This hoL Is one of the ol(Jest and dearest in the UK ￿ FMM as many began Iheir FMM journey there. We have retained the Cemelery wthere so mary of our sister5 are buried. Frarriscan Missionarios of Mary UK CIO 26

Trustees. report 31 Dec8mber 2023 Govemance, structure. and management Govomance In accordance with Canon law the Institute is govemed by the Superior General, along with the Gener81 Council. They are elected during the General Chapter which takes place every six years and is the organ that expresses collegiality on the Institute level. and a5 such il has supreme authority when in session. mandate of the Su￿riOr General and her Council is six years renewable once. The last General Chapter look place in 2022 in Rome. One of ils main objectives was the immediate preparations for the establishment of the new Regions whi¢h became a ￿alIty on 31 October 2023 around the worfd. The Franciscan Missionaries of Mary in the UK now belong to the Region of North-west Europe. Our new Region is govemed by the Regional Superior with her Council of three sisters all drawn from different parts of the Region. The nomination of sisters for these positions was made by the Superior General and her Council after 8 consullalion ballot in the ￿spectIVe p￿￿nceS. The mandats of the new team is. for the Regional Superior six years, non-renewable, and lor the Regional Councillors four years renewable on¢e. The financial stnlclure has also changed. we now have a Regional T￿8$U￿r who is nominated by the SuperSor General and two Sector Treasurers who continue to cary out the functions of the old provincial bursafs. The Regional Treasurer liaises diwlly with the General Treasurer in Rome for all financ¢al matters of the Region. Al the local level each community is govemed by a local superior. who is appointed by the Regional after ￿nSultatiOn with her Council and the community concerned. The Regional Superior, Sister Loelilia Chevallier, visits each community al leastonce a year spending time to get to know the sisters and their ministries. Throughout the year there is a system of accountability to ensure that the Regional Superior and her Council are aware of the progress and development of the ministries carried out by the sisters in the Region. The Enlarged Regional Council which takes place once a year provides an opporbJnity to remew the mission and set the vision in line wth the decisions made al the preceding Regional Chapter. This meeting is attended by all the local community superiors and the ex-officio members of the Region. The Regional Chapter lakes place every three years. FrancAscan Missionaries of Mary UK CIO 27

Trustees. report 31 December 2023 Governance. Structure, and management Icontinuedl Govemance (conlinu8d) In lemis of Civil law. the CIO is govemed by a constitution dated 14 July 2022 Ihal clearly sets out its objectives. 111$ 8 registered Charity in England and W81es with the registered number.. 1199656 and in Scotland with the registered number. SC051972. The Trustees of the CIO are the Regional Superior, the Regional Treasurer, the Sector Treasurer forthe UK, and all other Trustees a￿ 8ppointed by the Regional Superior, these include the three sisters of the Regional Council and one other sister resident in the UK. All trustees are members of the Institute and have a detailed knowledge of the wod( of the charity and its structure. To support thern in the carrying out of their responsibilities they meet with the Insif(ule's legal, accounting, investment and property advisers who provide them with a full briefing of their responsibilities and tho charity's posrtion. The names of all sisters who served as Trustees during 2023 are set out as part of the reference and administrative details on page 1 of this annual report ond a brief biography of 88th one is sel out below.. Sr Loelilia Chev8lli8r- Regional Supgrior Sister Loetrtia Chevallier is from Paris, France and entered the Institute of the Franciscan Missionaries of Mary in 1994. She is a qualified in inlemalional trade. After the noviciale she graduated wlh a BA in Theology. She spent 12 years on mission in Hungary, where she worked with the Jesuts in a spiritual centre and trained in psychology. After returning lo the Province of France She served as the Provincial Bursar. In 2022 she became provinckgl of France, Belgium, Nelherland. and France. From 31 Oclob&r 2023 she now serves as the Regional Superior of Ihg NW Europe Region. Sr M￿Y Fitzpatrick- Provinci81 Counclllor/R8gional CouncNllor Sister Mary Fitzpatrick joined the Francis¢an Missior4aries of Mary in Dubli in September 1975 and over the years has worf(ed in various ministrie¥ both wi(hin the Institute and the wder communty, e.g., leaching, provincial bursar, wmmunty bursar and parish visrting. She spent eleven years in South Africa and afier qualifying as a teacher of Economics She laught in a High School in SOWETO. Al present Mary serves part-time as the Finance Manager for the sisters of the Poor Child Jesus. She is also involved in parish ministry and k% the Safeguarding Lead for the Franciscan Mission8ries of Mary in England & Wales. She was nominated a Regional Councillor from 31 October 2023. Frdnciscan Missionaries of Mary UK CIO 28

Trustees. report 31 December 2023 Goveman¢e. structure. and managament IcLJntinuedl Govgrnanc8 (continued) Sr Helen Fennell- Provincial Bursarl SeGtor Bursar Sister Helen Fennell is from Dublin, Ireland and entered the Institute of the Franciscan Missionaries of Mary in October 1980 in Canterbury. She is a qualified nurse and spent 13 years on mission in ElhKJpia, where she worked as a nurse and then as Hospital Adminislralor in our rural hospital a posffion she held for 10 years. After retuming to the Province of UK, I￿ land and Malla she then graduaed wf(h a BA in Theology and a Higher diploma in aduf( religious education. She has worked in 8dull faf(h fomiation, youth retfeat work and vocations promotion for the Province. She served as the Provincial Bursar from 31 October 2018 until 31 October 2023 and now continues her service as Sector Bursar for UK, Ireland and Malla. Sr Hilde Vantomme- Regional Tr88surer Sister Hilde Maria Vantomme resides in Brussels, Belgium. She entered the Institutè of the Franciscan Missionaries of Mary in Soptember 1982 in Gooreind IBelgium}. She is a qualified teacher in Theology and spent 13 years on mission in Senegal, where she was engaged in the initial fomialion for our own congregation and inler-noviciate. After returning to the Province of Belgium, Holland, and Faroe Islands, she was nominated provinaal Bursar FMM and also works as an intendant in the Brussels church. She was nominated Regional T￿aSUr8r for the North Wesl Europe Region taking over thi$ role from 31 October 2023. Sr Elzbieta Walkowiak- Regional Councillor Sister Ekbiela Walkowiak wa5 bom in Poland. In 1984 she enteTed the Instrtute of Franciscan Missionaries of Mary in Warsaw, Poland. In 1993 she was sent lo France. After studying the French language in Bordeaux. she trained as a pastoral animator in Lille. For several years she worked in pastoral care wf(h adolescents. Then, for 3 years she was a hospital chaplain in Lyon. In 2016 she was appointed local animator of the Chaielets community and then in 2020 local animator of the Paris communty. She began her mandate as Regional Councillor on 31 October 2023. Ffanciscan Missionaries of Mary UK CIO 29

Trustees, report 310ecember 2023 Govornonc8. structure, and management {conlinued} Gov6mance (continued) SrAlberta Forson- Regional CouncA'llor Originally from Ghana, Sister Aberta was missioned lo the UK in 1999 and has served here ever since. Whilst in Ghana she workfjd in the St. Clarie's Vocational Institute where she held administrative responsibilities and taught religious education lo students. While in the UK she completed a Pastoral Theology Diploma while working voluntarily wth Asylum seekers and in pastoral work at St Wnefred's Parish in Wimbledon. In 2005 she was transferred lo Scolland and during her time there cornpleted her BA in Social Studies al the University of West of Scotland. Pals￿, and obtained a HNC in Social Care. She worked in a Care Home for some time and was very active in mission appeal in Scotland. She retumed lo London in 2018 to lake over as the sister in charge of our eldedy and frail sisters al Canning Town which she held until her appointment as Regional Councillor whid) she began on 31 October 2023. Sr Loonline Shanm?n Sister Leontine entered the noviliate at Cold Ash in 1970. Her first mlssion sending was lo the province of South Africa where she laughl Physical Education at Glenmore School in Durban and did p8Storal work in the Indian parish of Chalsworth. Afterfinal vows shewas sent to Mauritius where she worked with youth and in parishes and was on the National Team of the Gid Guides. During this time, she trained in spiritual direction in the Ignatian school of spirituality. She was also on the Diocesan Vocations Team and worked in fom81ion within the Institute and al Diocesan level. Followng her return to the UK she worked al the French chaplaincy in Leicester Square responsible for calechesis at all levels, and she also worked in variovs parish groups and in retreat work. She has lived in a number of different comrnunilies in the UK and is now assigned al Vaughan Avenue in London. Key managementpersonnel The Iruslees are the key management personnel of the charity in charge of directing and controlling, running and operatsng the charity on 8 day-to4Jay basis. Al the trustees are members of the Institute and whilst their Imng and personal expenses are bome by the charity. they recRive no remuneration or reimbursement of expenses. Trustees, responsibilities statement The trustees are responsible for preparing the twslees, ￿port and the 8ccounts in ac¢ord8nce wth applicable law and United Kingdom Accounting Standards Iunited ngdom Generally Accepted Accounting Practice). Franciscan Missionaries of Mary UK CIO 30

Trustees, report 31 December 2023 Govemanc•. struclure. and managgmort (continu￿) Trustees. rnsponsibililies Statem￿ (Lxy7bnu&d) The law applicable lo charittes in England and Wales and In Scolland require5 the trustees to prepare accounts for each finarTrcial year Nthich give a true and fair wew of the slate of affairs of the charity 8n(l of the income arKI ex￿dilure of the charity for that period. In preparing these ￿unts. the trustees are required to.. select suitabte accountw polhxs and Ihen 8ppty them ¢onsistenUy. observe the method5 and WIr￿¥ple$ of N£counling and Reporting by CharTrtie$". Statement of Re￿rnrnended Prdctice akwli¢%ble to charibes preparing their accourrts in accordance with the Financial Reporting StarKlard applicable in the United lfjngdom and Republic of Ireland IFRS 102). m8ke judgments 8nd eslimates that are r68sonaLle and rMudent. whether applicable United lfjngdom A£counting StaThlards have been followed, subj.ect to any material departures du8dosed 8nd ewained in the ￿unts. and preparn the on the sKing con(*m basis unless r( inappropriate to presume that the charity IMII ￿ltinUe in operation. The trustees are resp)nsible for keeping woper actountiThJ records that are S￿￿ent tr) sho4V and eyplain the charity's transactKJns wth reasonab￿ XCUTacy and disdose at any time the financAal posilion of Ihe charity and enab￿ them to ensure th8tthe accounts compty ￿￿th the Charilies Act 2011. the Charity {A(xounts and Reports) Regulations 2008. the Charities and Trustee lnvestsnent{s￿UarKI)ACl 2005and the CharitbesAccounts {Scolland) Regulations 20C6", and the pnvisions of the ¢hanty's trust deed. They are also responsible for safeguarding the assets of the charity and hence for I8￿n9 reasonable stsps for th8 prevention and detection of fraud aTrJ other irregularities. The trustees are u￿rnatety reswnsibk for the poliaes. 8¢tiwbes, and assets of the charity. They meet threemour times yearty to r&vthY devdopmenls regarding the charity andlor its actimties and make any fvnportanl deusion5. When necessary, the trustees seek advice and support from the charty'5 professN)nal athsers including property consultants. investment managers, solutOTS. and accounlants. The day-to-day management of the charty'$ activities. and the implementstion of polKies. is delegated to the appropriate member5 of the In51iiute or senior staff. At the time of writirYJ this rerK)rL there are 47 sisters in the British Sector of the Inslilute,141 slsters in England and 6 in S￿Vand), liwng in one of the six o)mmunities in Scodand or England. In England we havefourcommunity houses in LoNlon. and fv40 community houses in Scodand. one Paisley and one in Royston. ￿ community hoLWS 8re in those areas ere it is believed that the sister5 can provide the most help to the poor and marginalised. Franc4scan MissK)naries of Mary UK CIO 31

Trustees. rnport 31 Decmber 2023 Govemanc•, stnKture. and managwnont {continu•J) Structure and managgmant reporting (Lxxinu8d) Some of these areas are socialty deprived and in need of care aTKI pastoral work carried out by the sistefs. Each communty has a bcal superior appointed by the Regional. The I¢x81 superior is responsible for both the and the care ofthe sisters in her Community, she i¥ the polnt OIC￿tact beiween the communty arKI the pro￿ne￿. During 2023 the day.to4ay respM5iLwlibes fN Cokl Ash Retreat Centre near Thatcham were assum￿ by the sister in charge of St Ga￿1.$ Convent. No public programmes were held at the Centre though Ihe FMM did use It￿￿their0v￿ needs: our last Prowniial Chapter was held there in from 2- 6 June 2023. w0￿1ng wllh ou￿*¥￿an1$all¢￿s The charityworks dosely with severdl otherch81ities and public bNJies in meetirKJ the needs of the poor. vulnerable 8nd eldedy. In some instances, sisters are employed by these ¢xganisations, though for the most pwt they 8re engaged on a voluntsry basi5. In all casos, working together wth other charilies and public tM)dies ensures that the Y￿rk can be done more effecbvoty and efficienty aTvJ avoids any unn￿e$S￿ry duplication. Examples ofsome of the or9anisations for which members have worked and vthich the tharity has co- oper81ed during the year are as follows: P8rishe$ in the Roman CallN)lic Dioceses of Weskninster. Southwark. Brentr￿0d. Portsmouth, East Anglia. Aberdeen. GI￿. end Paisley. St Vincent de Paul Conferences in wious parts of Engl8rn1 and Scodand. Charities wothThJ th immigrnnts and asWum seekers in England and S(x)UaTrd. Governm￿t aga￿e$ e.g.. Pri50n and HOS￿81 ministy Other charitable organisations speufic21ty mentioned in this rewrt. Rlsk manag8m8nt In line wth the requirement for trustees to undertake a risk assessment exercise and raport in the same in annual reporL the trustee5 have IcM)ked 8t the risks the charity fachs rrenly in England. Wales arKI SL¥)Iland and have re￿￿￿d the measure5 already in place, or needing io be wt in place. to mitigate them. The followng main areas vthere risks may oC￿r have been idendfied.. Govgrnanco and managwngnt The PrwnckqvReg￿na1 Superior works dose￿ with her team ensuring that responsibility and informalion regarding the charity is shared. This mitigates the risk of one key person hdding all the responsibilty and information for the charity. Management of key areas of the tharity (Care of the elderfy sisters. finance} have been delegated to ￿rn￿ent indi¥vluals who are accountsble to and work dosely Y￿1h the trustees. FraThiscan Missionaries of Mary UK CIO >2

Trustees. roport 31 DeceM￿r 2023 GOv•man￿. struclure. and managemen¢ {0)ntinL￿I) Riskmanagemont (cc¥thnued) Flnancl•l The finance team ts)mprising the Regional Treasurer. Sector Bursats and finance manager review the budgets and a￿￿nts and pr￿￿nt finan¢ial infomiation to the Irustees on a regular bas1S. One of the principal finanoal assets of the charity is its rKoperties. The Sector Bursar oversees the Maintenan￿ and management of properties in conjunclion wth advisers. Car• of slstsrs An anatysis of the age txofile of the members of Ihe Institute show5 that the average age is seVenty4￿9ht years vmh 21 stSters aged 85 years and over. The Iruslees are 8W8re that there Is both a moral aThJ legal obligation to care for their older members. none of whom have resources of their own. As the age profile increases. so too does the need to prowde care for the sisters. The retirement needs of the sisters in the sector 11 be met by the GeneTakqte's investment fvrKI held in the related charity FMM Gener￿ate UK CIO. Safoguarding Operationalty the CIO works chlldren and vulnerable aduhs includlng older people. The truslees recognise the absolute n￿eSSIty of ensuring the protection and safety of I those thal the charity serves. This means that sister5 engaged in any ministy in the UK 8TKI all those vthoWO￿ orv0lunts￿fOrthe CIO and V•r)rkwith children or vulnerdble adults Must obtain clearance from the Disdosure and Barring servi￿ IDBS}. The trustees are committed fulty to implementing the p￿IC￿ of the Catholic Safeguarding Standards Agency (CSSA) the Rdigths Life Safeguarding Semce IRLSS). (hjr saf&3uarding offw is resFthsib18 lor ensuring this poliry 15 adhergd to in respect to all sisters, employees, and volunteers. The rwi Regional Counol have assigned responsibility to one CourKIll￿ vkno together with a team of sisters ￿￿)rking in differenl parts of the Regth are responsible fcrf on-going safeguarding training; updating of intemal policie5', and ensuring that sister5, Staff, and votunleers are kept informed about gwd practice in the vA)rkPI￿ and ministy. Fran(l￿n Missionaries of Mary UK CIO 33

TNst•ts' rnport 31 Decrrthr 2023 Govomance. stiucturo. •nd man8g•m•nt Iconlinuedl Rlsk management {contlnugd) The CIO makes svjnrfunt donal)ns in Supp￿ of th& wijer Institut8 and sometimes to other ￿ganisatIOns. Most donations sènt overseas are lo fijnd projects a(Iministered dlreclly by members of the Institute. Whether or not the lunds are used here in Gi08t Britain or ovgrseas, trustees always ensure that they are infomed and familiar with the work of a potential rerApi8nl of fvnds, that fvnd8 ara transferred Vkg bank transfer, that proofof receiptis obtsinwj and thaL vtherever ￿K￿lb19 land always in the Case of Me￿ie5 sent O¥￿50a$). a full vrritten re￿￿ of how Ihe moni85 have beèn ulilised and appliod ts obtained frorn the ￿￿plent. Investments One ol thè CIO'S prlr¢rApal assets comprises ILqted Investrnents. the value of which is d&￿ndeTrt on movements in UK and wortd stodt m8rkets. The investm8nts Bre managed by reputabl8 inv8stsnonl nwnagers who adhwo to an ethul polhcy agraed by the tnjstees. The managerfs perf￿n￿n￿ and Ihat of the ￿rtfoliO are monitored. The inveslrnent strategy is assessed regularty to eTksure it rèmains appropriate to the charity's needs- both now and in the luture. Whilst the ma¢roeconomicand geopolitlcal dimate gwes w to concems over polenli81 v(Aatiltty in workl stock markets, we a¢knowl8dge also that we are long tsm inv8Stors. As sud), tho charity will ba able to wait for markgts to stabS1ise over time whilst we. as truslees. keep a ￿dtchIng brief. Employws. voluntvors. andm•mbws of tho Institut• The trustee$ wish to record their recognitK)n of the professw)nalism and o)mmilmenl of all their staff. volunt88rs, and the individual members of the Institute, without whom we would not be able to do the work do. Their dedicatv)n tKX8thve approath aro very much appreciated. Approved by the trustees arKI signed ￿ their behalf by: Trust89 Sister Loetitia Marie-Noelle Chevalller ApF*oved by Ihe tr￿tee¥ on: 3 September 2024 Franrjscan Missionaries of Mary UK CIO 34

Independent audltorfs report 31 Decemtrr 2023 Independent audltoV8 rnport to thg trustoes of Franclscan Ml$slonarlo5 of Mary UK cio Opinion We have audited the a￿nts of Frandscan Missionaries of Mary Charltablg Trust UK CIO (the 'charty'l for the year erKled 31 DecemLw 2023. vthith comprise the slalement of finanaal actiwbes. the bal8TK8 sheet. the ststement of cash flows, the principal accounllng licies and the notes to the accounts. The fin8noal reporbng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Stsndard 102'The Finar￿JaI ReFKwling Stsndard applicable in the UKand Repu￿1¢ of Ireland. (United lfjngdom Generalty A￿epted A￿ounting Practlcel. In our opini￿. the ac£ount&" • gwe a true and fair vte4V of the 5Le of the chariWs affairs as al 31 December 2023 and of its incoming resources and applration of resourcs fof the year then ended., have been propedy prepar&J In ￿￿rdance vAlh United lQngYom Generalty A￿pted Accounting Practice; and • have been prepared in accordan￿ with Ihe requirements of the Charities Act 2011. the Charities and Trustee Inve51rnent {S(x)Uandl N£1 2￿5 and regulation 8 of the Charities Ac￿￿nts {ScoUandl Regulations 2006. B8sl$ for oplnlon We conducted our a￿Jit in aC￿rdanc v￿th 1ntWna￿naI Standards on Auditing IUKI {ISAs IUK)} applicat￿8 law. Our respon￿billI1eS under those standards are further described in the aLEditorfs responsibilit￿ for the a￿511 of the ac£ounts section of our report We are indepenojenl of the charity in accordance v￿th the ethical requirements that are relevant to our audrt of the accounts in the UK, induding the FRC'S Elhical StarKlard. and we have fulfilW our other ethul reS[￿nsibIlItIeS in ac¢crfan￿ vAlh requirements. We believe that the audit evtdence ￿ have obtsined is sufficie￿ arKI appropriate to provide a basis for our opinion. Concluslons relatlng lo golng concern In auditing the accounts, we have concluded Ihal the twstegs. use of the going co￿ern basis of accounting in the preparation of the a(uunts is appropriate. Based on the work we have perfrffmed. have not identffied 8ny material uncertainlles relaling lo events or conditions thaL indmdualty or collectivdy, may (ast significant doubl on the charity's ability to continue as a going concem for a period of al least tsvelve mon from wthen the accounts are authorised for issue. Ourresporribililw and the respon￿bilitIeS of the trusteesb￿th respect to going concem are described in the rdevant seclions of II¥s TeF*NL Franow Missionaries of Mary UK CIO 35

Independent audIto￿8 report 31 De¢eMt￿ 2023 Other Inforniatlon The trustees are re¥msiEAe for the other infonnat¥)n. The other irrfomation comprises the infomiation included in the Annual Rewt and Accounts. other than the aC￿¢jnts and our auditorfs report themn. The trustees are responsible for the olher infomation contained within the annual reporL Our opinion on the accounts ¢Joes not cover the other information and we do not express any of assurance conclusion thereon. Our responsibilTty is to read the other information and, in doing so, consider whether the other information is materially inconsistent the accounts or our knovAedge obtained in the aLKJTt or otheTh￿se appears to be materidty mi8ststed. If Kjentfy SLKh malertal inconsistenaes or apparenl material misstatements. V￿ are required lo detemiine whether this gives rise lo a material misstatement in the accounts themselves. If. bas￿ on the work have perfornied. condude that there 1$ a material misstatement of this other infomiation. we are required to rep￿ that fa We have nothing to rewt in this regard. Mattors on whi¢h ￿ are required to report by exc•ptlon In the light of the knowledge and understanding of the charity and its environm￿1 oblained in the course of the aLKIit. we have not ￿￿entifi￿ material misstalements in the trustees. Wehave nothing to report in respeclof tsfollowing matws in relation towhich the Charitles (AL￿￿nts 8nd Reports) Regulations 2008 and ts Charities Accounts ISctsl8nd} Regulations 2006 requires us to Teportto you rf. in ¢yJr opinion.. • the information 9￿￿n in the trustees. re￿)rt is inconsistent in any material respect with Ihe acLM)unts: or • sufficient and pmper ￿lUnting records have not been kept or • the aCc￿lnts are not in agreementv•th thè a¢xounling rec4Jrds and retyms" or • have not receive(l all Ihe informalK)n and explanations we require for our audiL Responslbllltles of tThstees As eW8ined more in the trustees. responsibilities statement set OLrt on page 30. the trustees are responsible for the preparalion of the accounts and for being satisfied that they give a true and fair view. and for such inlemal control as the twstees delem)ine is necessary to enable the preparation of 0￿nts that are free from matefial misststement, whether due lo fraud or erfor. In preparing the accounts, the trustee5 are responsib￿ for assessing the charity's abilty lo continue as a going Cor￿eM. disdosing. as a￿lCable. matters relaled Io going ¢oncem and using the going concem basis of ac¢x)unling unles5 the trustees either intend to INuidate the charity or to cease operations. or have no realistic altemative but to do so. Franc¥￿ Missionaries of Mary UK Cbo 36

Independent auditorfs report 31 Decmber 2023 Audltorfs rosponsibilitres forthe audit of the accounts We have been appointed as auditor under section 144 ofthe Charrlies knt2011 and section 4411Mc) of the Charibes arNJ Tnjstee Investment (Scollandl 2005 and report in ac0)rdar￿ with those Acts and Televant regulations made or hawng effect thereuTrler. Our ot¥ectives are to obtsin reasonable asgjrance 8Lx)ul whether the accounts as a whole a￿ free from material misstalement. whether due to fraud or error, and to issue an auditorfs port that indudes our opinion. Reasonable assurance is a high level of assurance, but is not a guaranlee that an audit ¢x)nducted in accordan￿ ISAS {UKI ￿11 a￿ayS delect a rnalerial misststement when it e￿Sts. Misststements w arise from fraud or error and are considered material rf. individually or in the aggregate. could reasonably be expected to inlluenc the ecor)mic deCI￿OnS of users taken on the basis of these accounts. Ifregularibes. induding fraud. are instanc£s of non-compliance with laws and regulations. We design pnxedures in line our respon￿billties. CMJUined above. to detect materi81 misstatements in respect of irregularities, indudiThJ fraud. The extent to which our procedures are capable of detectiThJ iryularitFes. includirwj fraud. is detailed below. How the audft was consldernLI ¢4oable oldot8Cting inryulaiilles Including fraud Our approach to identtyng and assessing the risks of fflalerial misstslement in respect of irregularities. inthding fraud and non-complkarKe wtth laws and regulalions. was as follows: • The engagemenl pwtrw ensured thal the engagement team ¢dI￿tivelY had the appropriate c(npelence. capabilities and sknms to identify or recognise Th)n<ompliance vAth appficatAe I￿ and regLlations.' + We idenlffied the Lgws arKI regulations apF4iC8b￿ to the tharity through d1$￿sSIonS with representatives from tho trustees arKI the Bursar and from our kn￿edge and eXperie￿e ol the chaiity sectcr. We focused on specthc laws and regulations we considered may have a direct material effect on the accounts or the activttse5 of the charity. These included but were not limited to the Charibes Act 2011, the Chartbes and Trustee Invesknenl {Scodandl Act 2(K15. the Charibes Accounts (SCA)￿and} RegulatKJns 2006 las amended). A￿Unting and Rewting by Charities.. Statement of Recommended Practice applicable to Charities preparing their &counts in accordance with the Financial Reporting Standard applicable to the United lfjngdom and Republic of Ireland IFRS 102},' and We assessed the extent of crmpliance with the laws and regulations Identified above through making enquiries of ￿preSentstives from the trustees and ￿ Bursar and rwv4V of minutes 0ftrust￿. meets'ngs. We assessed the susceptibility of the Charit￿s act)￿nts to material misslatemenl. indudlng obtaining 8n understanding of howfraud mlght oc￿r. by.. * Making Wkquiries of rewesentstives from the trustees aThY the Bursar as to where they considered there was susceptitx'lty to fraud. their knovAedge of actual, sus[￿ted and alleged fraud" and Fr8nciswi MiSs￿arieS of Mary UK CIO 37

Independent audltoes Teport 31 Dec￿)ber 20f3 Audltorfs rgsponslbilities for the audit of th• accounts Iconlinuedl How the audit was ¢onsldwvd wable of detecting lffegularfties Includlng fraud (continued) • Considering the intemd controls In pl￿ lo mthgate risks offraud and nonrycompliance vAlh laws and regulations. To address the risk offrdud through management bias and override of controls. we: • Perfomed anatybcal procedures to identify any unusual or unexpected relationships; Tested and rewewed iwmal entries to identify unusual transactions" carr￿ out substantive tesb.ng of expenditure induding the authorisation thereof. • Assessed vthether judgements and assumptions made in delemining the accounting estimate5 were indi(*tive of FK)tentsl bias.. and * lnvesliga￿j the raliona￿ behind signÈficant or unusual transacltons. In respmse to the tsk of iwlarities aThJ non-C¥Mnpliance with kn¥s and regulations, we designed wocedures thith ind￿. bul not limrted to.. Agreeing accounts disck>sures to underfying supporting doujmentation., • Reading the M￿UleS of meetings of trustees: and • Enquiring of as to ￿tual arKI ￿tentIal Itiigabon and claims. There are inherent limitations in ow audit wocedures described above. The more removed that law5 and regulations 8re from financial tran￿tIonS. the less likety it is that we would become a￿are of non￿rn￿lan￿. A￿diting standards also limrt the audit procedures required to identify non-com laws and regulations lo enquiry of the trusle8s and other m8nagement and the in$￿ticKl of regulatory an(J begal correS￿ndenCe. rf any. Matsrial misstatements that arise due to fraLbJ can harder to detect than those that arise from error as they may invO￿e deliberate tx)nf%alment or collusion. A further description of our resFyJn￿bltstieS for the audit of the a￿OUnts is located on Ihe Financk?l Reporting Council's website * www.frc.org.uklaudrtorsresponsibililie8. This description fcwms part of our auditorfs report. Franciscan Misswaries of Mary UK CIO 38

Independent audltoffs rgport 31 December 20ZJ Uso of our report This report is made solety to the chwity's trustees. as a body. in acco￿anCe with Part 4 of the char￿e$ {PLcounts and ReFQrts) Regulations 2008. and Regulation 10 ofthe Charities A￿￿nts (Scotlandl Regulations 2006. Chjr 8udf( work has undertaken so that we might slate to the charWs trustees those matters we are reqUI￿d to stale lo them in an auditorfs rep￿t and for no other purFX)se. To the fijllesl extent pem¢tted by law, we do not 8￿pt or assume responsibility to anyone other than the charity and the charTty'$ trustegs as a body, our •Jdit for this rem orfor the opin￿n$ V•P have formed. BLozacott LLP Statutory Auditor 130 Wood Street London EC2V 6DL Buzzacott LLP i% eligible lo &t as an auditor In te￿$ of section 1212 of the Companies Act Date.. 6 Septen]ber 2024 Franci￿ Missionaries of Mary UK CIO 39

SLitom8nt of financial adlvllles Year to 31 December 2023 Total 14 July 2022 1031 Unreslr￿t￿ Restrithd D•e•mbBr lunds fvnd5 2023 Incomefrom: DonatK)n5 and Inv&trnents and rec8iv8trAe CharitatAe actsvitses.. 2.316.558 27.7C13 5,125 2.321,683 27.709 14.401 14.401 . Surplus on di$￿6a1 oftswible fix&1 assets . FOre￿n ex¢hry 1,526 1,526 8.194 8.194 1.630 1,630 2,370,018 5.125 2.375,143 8,409.591 1.549.708 9,959.299 10,779.609 1.554,833 12,334,442 Transfer from CharilthTrust{ncrte 191 Totsl Incom• E￿nd￿rn on: Raising funds.. . In¥e$trnent manaw5' fee5 Charitsble acbvrties: 6,320 320 1.862218 161,030 2.023348 . SuppM)rt ol member5 rAlhg Instilthe JKI 11 mini5ty . Retreat antl ConfeM¢ Cents¥ Totsl 0x￿ndItur0 1.799,312 14,210 3.682.060 1.799,312 14,210 3.843.090 161,030 Nèt Income forth6 y•ar bth tranth and 7.097.549 1.393.803 BA91 J52 Transfers bewn funds 13 976.258 1976.2681 8.073.807 417,545 BA91￿52 10 131.Wl (31,6601 Not incoTh and net movwhwnt In fund 8.042,147 417,545 8A59,692 R•conciliation ￿ fundj: Total funds bwht foThv8rd at 14 My 2022 Totsl funds carried forward at 31 DeL￿rn￿r 2023 8.042.147 417,545 8A59,692 Frarthcsn Pknh)Tr￿ofM8ry UK CIO, a (awrlable IhgaNS8tthlCIOll￿￿￿rtyl VAS rEgi&ered a5 a ttrfty on 14 2022. In￿ 81%) 8 ErvJlith ofthg InslbJt8 ofFra￿a8(an ths4xarfj&s dMy C¥Arlable Tnrt Chfty Nthtsr2495151tr Chafitable Tntstl. V efkd from nliJtl ￿ 31 fknxrnber 2022. ttE ChwitAE T￿￿$ tts¥ets lithlEs of The Engl8h pm7r￿ oflts dFwA8can M￿8￿ar￿as￿Mary ch￿ Tr￿ C￿lty Ccfrffi19sion kn￿249515 Itf* of U< CIO we 19. Franciscan Missionaries of Mary UK CIO 40

2023 FI￿￿ DsS•t8 TarvJiLle 855ets 7.354.099 1272,323 626A22 10 Debtors 11 103.fj36 1,322,863 12 {1.653.2291 11617301 V59,692 13 417,S45 . G￿er￿ ftJTrJ 14 725(OYg 042.147 3.459.fj92 and swJnod on their betrFJf ty. Trustee Sister Helen Fennell 3 September 2024 Fravx¢an Miss￿Th of Mary UK CIO 41

Ststgmgnt of cash flows Year to 31 December 2023 Podod from 14 July 2022 to31 D•¢em￿r 2023 N8t eash proyhled by op8ratiThJ xtivbti85 A 1.363A03 Invthent incx)me and interest re(wJ Prcwds from diSrAk￿l ol taThJib￿}TrXWJ 855815 Purchase of ta¥Jibleffixed assets Proceeds from of Investmenis Purchase of list￿ inv851m8nts Nrt¢a8h used In Investlng acttvltlos 27.709 1,526 11.810.761) 298.814 (281,2951 11,764,007) Cash fft¢Yw5 frnm financing aclivitsts: Repaymenlof h)an go.ooo 19).0001 Change In cash and eash •wival¢•)ts In the 1490.604} Cash and ￿$h equlvalonts at 14 July 2D22 Cash and eash oqulval6nts transl•M•d fmm tho Charllth Trust{nots 19) Change In ca8h and 8qulvalants to •xehangè rnt• mow 1058,313 8.1 Cash and cash equIval•r￿ at 31 Oecemtw 2023 B 1.375,903 Not•s to the statement of Gtsh Ilows forthe year to 31 Do¢wnber 2023 A Reconciliation of net mt>v•m•rt in funds to net cash usod in opernting actlvltles 2023 Net movement In lund• (as per thB statem￿ olfinan¢ial actMtIM Adjustments for. tleprec#abon tharge tlonatK)n oftaryible fwj set Losses on investrnents Transfer5 to fThn the Chiiable Trust (note 19) Foreign exchange gans Investment income and int￿eSt T￿1 Surp1￿ on disposal Of1b￿ Decrease in debtors Increase in (¥edito Not cash provided by operatln9 actlvllleg 8N59, 197,497 100,148 31,6 {9.959,2991 18.1941 127.7091 11.5261 1.723.928 847,206 1,363A03 Franciscan MissKxwries of Mary UK CIO 42

Statoment of cash flows Year to 31 De(*mber 2023 B Anatysls of cash and cash equlvalents Charftalle 14 Juty Trust (￿ttr 2022 191 Cash lows At31 2023 Cash at bank in harKI Cash ￿fj1d by inveslrnent TrAngJ8fS Cagh and ￿$h equivalents 1.847.&25 10,688 1,858,313 {524.7621 1 J22.863 42,352 53.040 1482.410} 1.375.903 No separate ststement of changes in net debt ha5 been prepared as there is no differe bets•Ren the movements in cash 8Th1 cash eqwvalents and movement in net cash Idebtl. Frwscan Missionaries of Mary UK CIO 43

Prln¢lpal a¢￿untIng poll¢lo8 31 December 2023 The principal a￿￿￿nting PK4Kies ath)ptwl. judgements and key sources of estimation uncertainty in the WeParat￿ ofihe accounts afy laid ¢yJt Basls of prnparatkn Those accounts have been wepared for the peiic#J Ihe date of establishment of the CIO on 14 Juty 2022 to 31 December 2023. These are the first accourts ofthe charity. The tharity was incorptsraled on 14 July 2022. It remained dormant until 31 Decefflber 2022. Wth effect from midnight on 31 December 2022. the a¢tiwties. transactions. assets liabilities of The English Prownce of the Institute of Franascan Missionaries of Mary CharitaNe TrusL Charity Commission Number 249515 (the Charitable Trust), with the exception of the St Finian's Fund la special trust fund rep￿senting the assets and Ik8bilrtTes of St Finian's Trust, Charity Registration No. 10466591, aThJ some ofthe fixed asset investments {which were trdnsferred to another CIO) were transferre(l as a going concem lo Frdn￿S￿n Mi$s￿narieS of Mary UK CIO in accordance a legal tr8nsfer of vnderithngs and a resolution of the trustees. Futher information regarding thls transfer is givw in the notes to the aeL￿nts. acojunts have been wepared undw historical cost o)nventlon wlth items re￿J￿$sed at cosl or transacbon v￿ue unless otherwise slated in Ihe relevant accounting pdicyes below or the notss lo these accounts. The aC￿unts have been wep8red in 8(£lyd￿ wth A￿Unting and Reporting by Charies'. Slatement of RecommerKled Prdcli¢% apPI￿able to charitios prepariThJ th￿r accounts in ac¢orclance wth the Finanaal Reporting Stsndard applicable in the United Kingdom arKI ReputAic of Ireland (Charities SORP FRS 1021 arKI the Charities Act 2011, the Charities and Trustse Invesknenl (Scollandl Act 2005 and a5Wicable Regulatk)ns. The charity constibJtes a publK benefit ￿tity as defingj by FRS 102. The accounts are presented in sierling are rournled to the n88rest pound. Critical ac¢ountlng estlmales and arnas of judgement Preparation of the accounts requires Ihe trustees to make signfficanl judgements and estimates. The items in the &c(MJnts Whe￿ thesejuOJwnents and estimates have beon made indude.. • astimating the useful ￿on(￿niC lives attritMJted to tangible fixed assets and used to determine the annual thprec4ation thar98; • the d8tem1ina1t￿ of any impairment ch￿e in respecl to tangible fixed assets,. • assessing the probability of the weipt of legacy ir￿Orne. and estimating the fuiure income arKI eypendTiure flows for the purposes of assessing going Framscan MiSsK￿a￿eS of Mary UK CIO 44

Prfnclpal a¢￿untIng polldos 31 December 20YJ Assessment of going concem The trustees have assessedwhetherthe use ofthe golng COn￿M assumption is appropriate in preparing these 8ccounls. The trustees have made thts assessment in respect lo a period of at least one yearfrom the date of approval of these accounts. Wrth regard lo the next acoyJnling period, tt)e year eThJing 31 December %)24, the most signlficanl areas that may affect the carwng value oftheir assets are the level of investment retum and the perf0rrnan￿ of the investment mathets (see the investment policy section of the trust￿, report for more infOrm￿n). The trustees have c￿ClUded that there are no material uncertainties related lo events or conditions that may cast %gnTficant doubt on the ability of the charity lo continue as a going on￿rn. The trustees are of the opinion that the tharity will have sufficient resources to meet its liabilrties a5 ttw 1811 due. In¢om¢ recognltion Income is reLyJnised in the ￿[lOd in vthich the chafity has entitl8menl to the income. the amount of income 12n be mèagjred reliabty and it is probable that the inojme wll bg Income comprises donations and lega￿es. investment irthme and interest receivable. Retreat and ConfererKe Centre irKyJme and other In￿Me induding the surplus on the dis￿SaI of tangitAe fixed assets and foreign exchange gain5. Donations. induding salaries 8nd Ftnsions of indmdual religious ￿eNed under Gift Aid or deed of covenanL are recognised vthen Ihe cawity has confimialion ofboth the amount and setdemenl date. In tho event of donations Fledged but not rec8ved. the amount is accrued for where the receipt is consKlere(I probable. In the event that a donation is subject to cOnd￿onS that require a level of perfomance before the Charity is Onti￿ed to the funds, the income is deferred and not recTrJnised until either those conditions are fully met, or the fulfilmenl of those condition$ is vtholty within the control of the charity and it is probable that those cOnd￿onS will be fuffilled in the rewting p￿10￿. Donations of assets other than cash are Ind￿ed in the a￿OUnts at their fair value at the date of re(ipL In accordan￿ ￿ the Charilles SORP FRS 102 votunleer time is Mt recognised. Leg8cies are induded in the 5tateTTrent of financial acbvitsos when the charity is entiued lo the legacy. the executors have established that Ihere are sufficient surplus assets in the estate to pay the lew. and any Co￿li1h)nS attaced to the legacy are wthin the control of th8 charity. Franci￿ Missionaries of Mary UK CIO 45

Prfnclpal o¢¢ountlng polldes 31 De¢￿ber 2023 Income racognition {continuedl Entitlement is tsken as the eartier of the date on which erlher. Ihe charity is aware th81 probate has been gfanted. the estste has been finalised and notificatK)n has been made by the executor lo the charity that a distribulitm will be made. orvthen a distribution is received from the estate. Receipt of a legacy. in whde or in parL is C￿lY conSid￿d probable vthen the amount can be measured reliabty and the charity has been Trot￿￿d of the exe¢ut¢s intention lo make a distribution. Where leg8ues have been notified lo the charity, or the charity is aw￿ of the granting of prrkjate. bLrt the uiteria for in￿rne recognition have not t￿n mel, then the legacy is treated as a contsngenl asset and disclosed rf material. In the event that the grft is in the fomi of an asset other than cash or a financial asset traded on a recognised stod( exchange, recOgn￿on is sutr4.ect to the value of the gift being reliably measurable wth a degree of reasonable 8￿r8¢Y and the tiue of th9 asset having being transferred io the d)arity. Investment income is rwnised On￿ the dMdeTrJ has been declared and notiflcadon has tren reC￿d of the amount due. Interesl on fijnds held on deFX)sil is i￿lud￿ then reC￿Vable and the amount can be measured reliabty by Ihe charity: this is nomalty up)n notificalion of the interest paid or payable by the bank Income from the wratv)n of Ihe charity's Retreat and cOnferer￿ Centre is recognised to the extent that it is probable that ￿)nOM￿ beneffts wll flow lo the charity and the revenue can be reliably measured. It is measured as the fair value of the consideration rec*ved or receivable exduding any relevant discounts. A sufFAus on the diswsal of tsThJible ffix￿ assets is defined as the d￿feren￿ bètsveen the sale proceeds and the net bwk value of the asset at the time ofdisposal and after deducting any costs asKKiated %Mth the disposal. The surplus is rwnised at the time Ythen18gal ojmpletion of the sale tskes tAa¢e. Al other ￿Ome is re(>)gnlsed to the eX￿t that it i% probable thal the eD)nomic benefits wll flow lo the charity and the revenue can be measured reliabty. It is measured at f8ir value and accounted for on an aCcn￿lS baws. Expondlturo rKognitlon Liabilities are reccNJnised as expendiiure as soon as th￿e is a legal or constnjclive oblig8tion committing the charity to make a payment to 8 third paty. it is ￿bab￿ that a transferof economic ￿nefits ￿111 be required in setU8menl and thè amount ofthe obligation can be measured reliatAy. l expendthre is aCc(￿ted for on an accruals basis. The majority of expenditure 15 directly attributable and any apporbonment befv￿ft he&Jings is negligible. The dassffication be￿en actiwties is as fdlows: Expenditure on raisir@ funds ccrfnprises the fees paKI to inves1ment managers in cOr#wCti￿ with Ihe manwent of the thority's list&J irwesbments. Franciscan MISSIL￿an¢S of Mary UK CIO 46

Prlnclpal a¢¢ounllng polldos 31 Decembw 2023 Expendlture re¢ognltlon {continuedl b. Charitable expenditure tsjmprises costs incurrwl on the charity's primary ¢haritabb purrA)ses as described in the trustees, report. Such expenijthre is a5 follows.. li) Grants arKi donat￿8 relate. in the main, to the supp)rt of the Institute's own work overseas aThJ the supp)rt of olher Roman Catholic d]arita￿e organi5ations. (li) Expenditure on the Sup￿rtof members of the Instrbjte and theirministy comprises those costs wh￿h support the members of the Institute and which enable the members lo carry out thelr 4idMdu4 rnin￿ty in the areas of the advancement ol thg Roman Catholtc faith and the rnlief of povety. lili) Ewditurn on the operation ofa Retreat and Conference Centre. Expenditure K8 ststed Ir￿lU$￿e of irreo)verable VAT. Support and govwnance cosls Support costs represent indirect charitsble expendibjre. In order to cary out the primary purposes of the charity it is necessary to prowde SUPF4)rt in the fom offinancial proceduros. prowsion of office Servi￿ equipment. GovemarKe o)sts CLxnprise the costs invO￿￿j the public ac(x)untsbility of the charity linduding audit costs) afKI ojsts in to tts comFAiance vrith regulation and good praclice. Ail expendrbjre on supfXt and govemanc is allocated to the charitsble acbwbes of care of members of the community and enabling their ministy as arry costs in relation to provision of donalions and grants or NsiTrJ funds is considered to be minimal. Tangibl• fixed assets All assets cc6ting Ihan £1.5￿ with an ex￿ed useful lrfe exceediro ong year are pitalised. • Freehotd land and buildKu$ o Non•speciali%ed wopety Non-specialised buildings are ItrK)se designed as. and u￿1 7•th0lty or mainly for, private resKlential accommolation. Properbes acquired Prior to 1 January 1993 are induded on the baLance sheet at a fdluation determined as at that date by the trustees wlh professKJnal assislar￿e and based on open market value for existing use. As pemitted under FRS 102 these values are now the deemed cost of these land and buibjings. Land and buildings wrchased on or after 1 January 1993 are induded at cosL SLKh t￿ildIng$ ar9 not depreciated. FranL15can MissK)naries of Mary UK CIO 47

Prln¢lpal accountlng poll¢l•g 31 Decanbw 2023 Tanglble Ilx•d a$80ts {continuedl Sperialised woperty Specialis&l buildings ¢L￿priSe the charity's re5Klential care homes for olderor frail sisters. retreat houses and large residential convenls. Those acquired prior to 1 January 1993 are I￿uded on the balanc sheet at a valuation determined as al that date by the trLtstees 7Mth professional assistarKe and base(l on open marf(et value for e￿Sting use. Land and buibdiThJs purch8sed on or after 1 January 1993 are induded at cosL Depreciation is proided at per annum on a straight-line basis in order to write tt)e buildings off over their estimated u5effiJl economic life lo the charity. Fumiture and equi￿& Eynditure on the purchase arKI replafment of fijmiture and equipment is capTtalised and depreciated ovw a fve year pwiTrJ on a 5trab3ht line ba￿9. Motor vehides Molorvehides are capitalised and deprec48ted over 8 five year period. on a strdighl line basis. in order to write off the (x)st of each vehide over its estimated usethl lrfe. An impairnienl review in respect to 8 particular dass of assets is carried out rf events, or changes in circumstances, irKlicate that the czryirvJ amount ofany tangible fixed asset may not be recoverable. Invostments st￿ investments are a fcrfm of basi¢ ffiancial instrument and ar8 inibalty recognised at theirtransaclion Value arKI subsequenty measured altheirfairvalue asal the balance sheet date using the quoted market pri￿. As noted above the main fom of financial risk faced by the tharity is thatof volatilty in equity mathets and investment markets due to wder ￿noMiC conditiorts. the atbbjde of investors to invesknent risk, and chaThJes in sontiment conLming equities and wilhin particular sectors or sub sector5. Realised g8ins (or losses} on invesknent assets are cak¥laled as the drfference be￿eTr disposal procwds and their opening carrying value or their purchase value is acquired subsequent to the first day of the financial year. Unre81ised gains and losses are calculated as the difference belv*en the f8irvalue at the year end and their carying value al that date. Realised and Unrealis￿ investment gains {or losses) are combined in Ihe statsment of ffinanual aCti￿tieS and are credited {or debited) in the year in which they arise. Debtors Debtors are Tecognised al th￿r setUementam(NJnt, ￿s$ any wovision fornOn•rec￿Verabl1lty. Prepaymerts are valued at the amoLrt prepahl. They have been discounted lo the present Value ofthe future re￿p1 where such disccmjnting s material. Fran￿scan Missionaries of Mary UK CIO 48

Prlnclpal a¢¢ountlng pollclo$ 31 December 2023 Cash at bank and in hand Cash at bank and in harKI represents yjch accounts and inslrnments that are available on deman(J or have a maturity of less than three rnonlhs frorn the dale of acquisition. Deposits for more than three months but less than year have been disdosed as short lemi deposits. Cash placed on deposit for more than one year is disck)sed as a fixed asset investment Credltors Jnd provisions Creditors 8nd prowsions are recognised sthen there is an obligation at the balance sheet date as a result of a past event, tt is wobable that a transfer of ewnomic benefit will bè required in setttement. arvj the amwntofthe setdementcan be estimated roliably. Creditors and provish1r￿ are re(¥)gnised at the amount the charity antirypes it will pay lo setde the debt. They have been discounted to tho present value of the fvture ￿$h payment W￿re such discounting is material. Fund structuro Restricted funds ￿1prise monies raised for, or their use restric￿ to. 8 specific purpose. or colltribulions sufy'ect to dtYKY imposed condilions. The tangibte fLxed assets fund comprises the net bock value of charity's tangible fixwj assets. excluding those assets repr8senbng. or belonging to, restricted or designated funds. General fijnds represent Ihose monies %thich are freely available for apFlicalion towards a¢h￿Ving any charrtable purpose that falL8 within the charity's charitabk objects. Servic•5 provlded by mombors of th• Institute For the purposes of these accounts, no value has ped on adminislralive and oth serv¢c8s prowded by the member5 of the Institute. Fornign cmn¢i•s Assets and liabilities n foreign currencies are translaled into steding at the rates of exchange njllng atthe balan￿ sheet dale. Transactions in foreign currenc48s are translatsd into sterling at the r8te of exchange ruling at the date of the transaction. Exchange differences arg taken into account in arriwThJ al the nel movement in frjnds. Rentals appliCa￿e to operating leases whern substsntialty all of the bengffts and risks of ownership remain ￿￿th the lessor are charged to the statement of financial actiwties on a straight-line basi5 over the temi of the ease. Pènslons charity offer5 [15 employees membwship of a dofined contribution pension stheme administered by the National Employment Sawngs Tnjst INEST). Contributions to Ihe scheme are debited lo the slatement of finanual activrlies in the year in which they are payable to the scheme. The assets of the scheme are hel¢J by an independent corporate trustee. whose adivttses are governed by the National Employrnent S8Mngs Trust Order 2010. made by the S￿tary of State wi exerryse of pmrs confirmed under the Pensions Act 2008. Francis(an Missionaries of Mary UK CIO 49

Nolos to thg accounts 31 Decmber 2023 1 Inwmg from: Donations and l¢gaci•s Period fmm 14 July 2022 2023 435,899 120,655 L&)ad8s [knatli￿ frryn FMM cer￿1￿￿ UK CIO b￿10f 120.655 My 1,738. 21.498 2,316.558 1.73B,866 26263 2.321.683 5.125 5.125 2 Income fr¢m: Investmerbts and intwest rKeivable 14 J￿Y 2022 to31 Doc8mk•r 24.564 24.564 564 24504 rw 3.145 1145 27.7ffd 3 Expendllure on: Donations The ch8rity makes donations principal￿ in supFK¥t of tho ovorseas work of the Instiluto of Frnn￿$￿ Misswaries of Mary arbd those eauses vA)Ich fwther the Roman Catholic falth. P8rfod frthn 14July 2022 to31 fiJTrJs 2023 . G8n8ra8le of ￿ In5tittrt9 24,847 100.418 1.710.505 14,847 100A18 1,871,5J5 181.030 . Crfss 2.(YJO 3,9)0 2.fy)0 2.500 12,948 2.023248 . CATEW . Others o￿l￿£1.(xKeth1 12.948 1,&52.218 161,030 During the year to 31 t)eC*m￿r 2023, no donations wore paid to I￿￿1V￿lL$al$. Frar￿A$can Missionaries of Mary UK CIO 50

Notes to tho accounts 31 December 2023 3 Expendltura on: Donations {D)ntinued) Grants and donabons payable to overseas misslonsolthe Instibjte during the year comprise the following: P•dodfrom 14Juty 2022 to31 2023 Irpbr 1.314.840 1,31&840 $51.S70 155,WJ5 Kenya Pakn 120 120 1,710,505 161.030 1.871A35 Expendliuro on: Support of membors of th• Instituts and th•ir ministry 14Juty 2022 to31 Unwtht*l ReslrKl•Y D0￿Mb￿r fiJTrJ8 2023 318,268 287.1 311288 267.180 799,804 107.087 197.497 Staff costs Irx)te 71 107,087 197.497 1.799.312 1.799,312 5 Govemance costs Induded V￿thin expenditure on SUp￿rI]ng mwnb8rs of the Irtstitute and their ministy are govemanc costs as detsiled below. 14 J￿Y 2022 to31 fvnds 2023 Franciscan Mi&8ionaries of Mary UK CIO 51

Notes to tho a￿oUnts 31 December ￿23 6 Net In¢omo and net movement in funds This is stated after charging Icreditingl.. P•rfod from 14 Juty )22to 31 2023 Staff créls Incts 71 Klitorf$ r￿Uneral￿ {kn(￿r￿JVA￿ 197,497 18.1941 Net (g91r￿) k)s59s￿l￿n&xttOffj& 7 Stoff costs, key managèmènt and trustg8s' remun•ratlon rlod from 14July 2022 to31 W89gs and $8Lgrle% 645,748 47.994 11,115 799,W4 No employee eam&J £60.tKQ (including taxabk benefftsl per annum or more during the period. The average numLw of empbyees, anatysed by fiJrKiion, wes as fdlows: 14Juty 2022 to 31 2023 No. 38 Key managwn8nt The trustees conSKler that they comprise the key management of the tharity in charge of directing and ￿ntrOllIng. running aNJ opw*ing the charity on a day-tfrday basis. Franciscan Missionaries of Mary UK CIO 52

Notos to Ihe accounts 31 De(mber 2023 7 Staff costs. key manag•m¢nt and trustees, remuneratlon {cgMtinued) Keymanagemant (conbnued) Al trustees are mem￿￿r$ of the congr83ab.on and whilst their Itving and personal expenses are bome by 1he carity they receive no remunerdtion or reimbursemonl of expenses in nneCti(￿ vAlh their duties as trustee5 orwork as key management. 8 Tamtion The Frar￿b￿n Missionartes of Mary UK CIO is a registered charity and therefore is not liable to i￿ome tax or corporation tsx on income or gains derived from tts charitstle activities. as they fall within t￿ various exemplions available to registered tharities. 9 Tanglble fixed assets Totsl P•tlod frnm 14 July 2022 to31 FurThhK• 2123 eostorvatuallon At 14 Juty2ty22 Incts 191 3,891.4x1 2.177.935 1.182.194 1.765.475 I2.￿7.669} ),017 16. 242.246 136.758 7.450.934 1.762W Tr8nslw5 Z7C6.423 1131.7681 6,465.{￿fj 2.1n.935 16.7401 13I.5D81 132,018 0,094,860 AI 31 OKTrbtsr2023 319,828 At 20Z2 (note 201 Chwge trYyow 1289.Q37 127.701 131.6201 1.3S5.118 137XQ 2&401 I￿.292 1.581.e30 5.831 197.497 16.7401 P8.3601 125.383 1,74O.7tr1 A31 OXeM￿r2￿3 137.gc Ngtbook¥al¥•• At31 Dwit4r2ryd3 At 14Juty 2022 5.079.W 2.040.035 6.6￿ 7,3XOO9 As ￿miitted under FRS 102, the charity has adopted a policy of not revaluing its tsngible fixed assets. The b￿k value of the land and buildings held by the Charitable Trust Iprsor to transfer) on 1 January 1933 is based on a valuation detemined at that date by the trustees with professional assistsnce and based on market value for e￿sting use. As peffliitted by FRS 102 the values assigned to the knd and buiklings are now ¢Jeemed their cost. AJI land and buiklings puro*ased as functional assets by the charitab￿ Trust Iprior lo transfer) on or after 1 January 1993 and other tangible ftted assets are stated at cost. The Construct￿ costs represent the (x)sts of an extension to one oflhe char￿S pro￿rtI8S in London. The projecl Syas comrAeted during 2023. Franciscan MisS￿naneS of Mary UK CIO 53

Notos to the accounts 31 Oefmbw 2023 10 Investments P•rlod frtyn 14July 2022 to31 OKombor Marknt Val￿ at 14 jLty2￿ TrnnsferfrNn Clwabl&TrwtlrK48 191 (x)st rsw)5akn at txKv8k18e6 tkTATI 1.268,482 281,295 1286.794} 143,6801 1,219.283 53.040 1.271323 1,341381 Disposals at book value induded atK)ve are made up of the followng.. frum 14 July 2022 to31 D•cOm￿l 2023 298.814 112.0201 286.794 R681i88d 08￿ sted investments held at 31 December 2023 comprised the follo4Mng: 2023 Equ ¥)8.196 569.716 99.319 181.030 61.022 53,040 13ll323 ro I Ilsled Invesknents are either dealt in on a recognise(J st¢￿{ exchange or comprise pooled nds, the undodwng irNestments of vthich are dea￿ in on a recogni5ed st(￿k exchange. At 31 December 2023 listed invesknents niduded the folbwing indmdual holding deemed material ￿en compared the owall porff￿￿ valuation as al th81 date.. 2023 Mork•t P•rrgrtsgg holrmng portlolto Ctre UK Gitts EfF ISIw8s MSCI Wr¥td S(thfy Res[￿￿￿￿e EfF ISlwre5 UK 010 5 year Gih5 ETF 386.686 263.656 174938 30A 13.7 Franciscan Missionaries of Mary UK CIO 54

Notes lo the accounts 31 December 2023 11 tl•btors 2023 Prepayments in rdalKJn lo captsl exrwditure Otherdebtors and prepayments 73.1 90.467 163,636 12 Credltors: amounts falling du• wlthln ong yoar 2023 Monw &lminI8t8r￿ by th8 (*arity on bghafdiThJ1￿d￿ M￿nb￿S oftha UKllr8landlMatta Sth ofthe NortrThvest Europe￿ ofthe Inslstui&ol th8 Franascan MissiC￿antS of Ilary Amounts owwj to th6 Generdaie of the Instihrte of FrdfKYSLW MiSs￿nall8$ of Mary construc￿On projecaueditor Communty suThYry u&Jitors Actruals and other iThlitors 047.902 827.673 37,268 13.724 126,662 1.653,229 13 Restrlcted funds income funds of the charity indude restricted fvnds comprising the followir unexpended balaw of donations and grants held on trusts to be applied for speafic purpose5: MargareY3 C￿¥￿t bu1￿1ng ftjnd Mama buihjing fund Tolal DonalK)n8 Transfgr frIMn Chalfjtab￿ Trust (note 191 In( 976.258 573.450 IA49.708 5.125 5.123 15.1251 {161,0301 {976,2581 417.$45 (155.￿5) Inveslment k￿85 and trdrts At 31 Docemb•r 2023 1976.2581 417.545 The reslricted fijnds represent the fdlowing: • St Margarevs Convent building fijnd This fund represented donations receNed from the Generalate of the Institute for the Lxtilding of an extens￿ of St Margaret's Convent. Bethell Avenue. London. The fvnd ha5 been ful￿ UtiliS￿ dumg the year and has been trdnsferred. * ofherdonations Other donations reryesented monies grven to the tharity specifically for causes supported by the Gwalate of the Institute. Malta buildiThJ fvnd Thts fund represents monies held for building to be carried out In ma￿a. Franciscan Missionaries of Mary UK CIO 55

N¢to$ to th• accounts 31 Clecember 2023 14 Tanglble fixod as￿5 fvnd 2023 At 14 Juty 2022 Transfw from Chari¢the TnJst{note 19) Net in ye At 31 December 2023 5,869,304 1,484.795 7.354.099 The tangible fixed assets fu￿1 represented the net bcrt)k value ofthe Charity's tangible frxed assets. exduding those specifically represertting or belonging lo restricted funds. A decision wa5 made to separdte this fijnd from the general fund of the charity in recognition of the fact that the tarwJible fixed assets are essentbal to the day to day￿￿rk of the charity and. as such. their value should not be regarded as fijnds that would be reali5able with ease in order lo meet frjbjre conb"ngencies. 15 Analys1$ of ass8ts batwoon funds Tanglble G#noral fund ass•ts R•strl¢t fund funds Total 2023 Fund tsalanc￿ arg f•prgwnt•d by: Tangible fix￿ assets Inv85tments 7.351099 7,354,099 1272.323 {186.730) .759.692 1.2nJ23 {S84,275} 688.048 7,354,099 417.545 417,545 The total unrealised gains as at 31 D￿rnber 2023 arKI movements on revaluation are as follows.. 2023 unreall￿d galns Ilosw) Included al￿8. On lista investrnents TrAal unroall8•d galD$ at 31 Decwnbgr2023 1123,0981 1123,0981 Reeonclllatlon of movements In Unl￿11*•d gal ￿n￿￿￿$e￿ gains at 14 Juty 2022 Transfer from Charitsble Trust {not8 19) In respec# to dispc6aL8 in the year Net (l￿se$} gains a[￿ing on I￿8￿￿tion in the yagr Totsl unRallged oalns (los￿> at31 Oecembgr 2023 (94,8771 15,459 {43.6801 {123.098) Fr8nuscan Missionaries of Mary UK CIO 56

Noto8 to tho xcounts 31 December 2023 16 L￿Ing commitmonts At31 December 2023, the charity hadfubjre minimum ccrfnmrfments underoperating leases for equipment payable as follows: 2023 Withln one ye 17 Ultimate control The charity, vknich is constsiuled as a Charitsbk Incorporaled thganIsatiC￿. was controlled throughout the year by the Instilute of Frdnci5can Missionaries of Mary by vlrtue of the fact that the Provinaal Superior of the English Province appoints all of the trustees. The Institute does not hold any assets, incur liabil￿e$ or enter into any transadM)ns in its own right within Great Britain. Assets and liaExltties in Great Britain aré vested in the trustees of the th8rity, o undertake all transadDns entsrgd into in the ¢OUTse of the Institute's charttable activities. 18 Transactlons wlth trustoes and conn•Gtod charftles As members ofthe Instiiute. none ofthetruslees have resouwAsoftheirown as all eamings. pensions and other income have been donated lo the charity under 8 Grft compliant Deed of cov￿onL During the yew. the lotal amount donated by the trustees to thè tharity was £19.773. The charity is conn&ted to Corp)rab"on of Trustees of the Franascan Missionaries of Mary {a charity registered the Ch8rities Regulator Irdand - Charity Registration No.. 200145751 (the Irish charity) by vtrtue of ￿ fxt that all trustees of the charity are aLso tho trustees of the Irish tharity. During the pericJ to 31 December 20Z3. the tharity made donabons to the Irish charity of £1.314.570. At 31 Docember 2023, the ¢hariW$ ¢yeditors: arnounts falling due within one year induded £76.524 being monies due to Ihe Irish c8rtty, and debtors Included £49,913 due from the Irish charity. During the wiod ended 31 December 2023, the Franascan Mis&onaries of M8ry UK CIO incurred experKliture of £73.169 relating to the Cokl Ash propety on behalf of the English Promnce of the Instilvte of FrarKascan Missionaries of Mary Charitable Trust. The balanc is included wrthin debtor5. The Franliscan Misstonaries of Mary UK CIO also made a donation of a fixed asset to the English Province of ts Institrjte of Franciscan Missionories of Mary Charitable Trust of £100,148. Tv•f> of the trustees of the charity are also trustses of the EThJlish Province of the Instrbjte of Franciscan Missionarie5 of Mary Charit8ble Trust. During the period lo 31 December 2023. the (arity made (k)nations to the Ma118se section of the Prownce of£551.570. Frawsc8n Missionaries of Mary UK CIO 57

Nol•s lo the accounts 31 December 2023 18 Transa¢tlor wlth trusloes and ¢onng¢t8d charities (continued) During the peri￿ from 14 July 2022 10 31 December 2023, the charity gave 8 donation of £10,0{￿ to the FMM Generalate UK CIO. In addi(K)n. audit f￿S of £10,440 and offre expenses of £2.842 were paKI for by the charity cfft ￿half of the FMM Generalate UK CIO and these have been treated as a donation. During the period from to 14 July 2022 to 31 December 2023, the charity T￿e1Ved a dOnat￿1n of £1.738.866 from the FMM Generalate UK CIO vthich represents the attribulion due from the Generalate of Ihe Institute of the FTarKiscan miss￿r￿arIeS of Mary. One of the trustees of the ¢arity is also a trustee of the FMM General8te UK CIO. There were no other reloted party trar￿CtionS during the year. 19 Transfers from ¢onne¢ted charltl Franciscan MI￿OnarieS of Mary UK CIO, 8 Charitable Incorrxjrated Organisalion {CIOI (the arity}. was registered as a charity on 14 July 2022. One of the trustees of the charity was also a trustee of The English Promnce of the Instiiute of Franciscan Missionari8s of Mary ch￿itable Trust. Charity Commission Numbw 249515 (the Charitable Trust). With effect from midnight on 31 Decemtrw 2022 the ChaTilable TTUSt's actmties, assets and liabilities were transfeffed to Iwo tharitab￿ incorrwatsd organisations. Detsils of the transfers to Fra￿sCan Missionaries of Mary UK CIO are as folknvs: Total Tangible fw {nrAe 9} 7.450,934 {1,581.6301 5.869.304 as8et inv951m8nts lTh)t8 101 C&8h h81d by inv851rntt monw (r￿ 10) 1.268A62 10.688 1.279.150 Net current assets . Debtor5'. wrK)unts fall￿ dua vilhin y8 . Short term deposit5 . Cash at bank and in harwj . Creditor5'. ar￿Unts faiing due Mthin one 1.887.504 403.004 1.444.621 {924.3441 1810,845 9,959,299 Total •tass•ts The net assets were represented by the followng funds: Total RestriLed irLY)me funds Unr85tiTetwJ i￿)Me funds . Gweral fund . TaTrJibSe fixd assets fwKI 1.549,708 1540,287 5.869,304 9.959,299 Fr8n¢isc8n m￿SK)na￿e5 of Mary UK CIO 58

NotOS to tho accounts 31 December 2023 20 Post balance Sheet events On 13 May 2024. Ihe thwity sokl a propety in Scoland. for net pr(wds of£443,295. Franc1￿ Mi8sK)naries of Mary UK CIO $9