Charlty r•9istration num 220690 IEngland and W•losl Charity rg9i•trJtion wmber SC039809 IS¢odandl CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Re¥ S 80110 Bro E S"nth" Rev O Byrr Charlty numb•r IEngknnd and Waletyl 2206 Charity numbgr Iscotlandl Prlncipal addr•$s Hh Thom Prtb.rKjl Ro1 Rainlon Gate Houghton le Swng DH5 9RG Auditor Robson LadlerAro)untsnls "mrted Femwwd Hou Femwoo(S Road JesmoThJ Newc•slkn upon Tyr Tynè and Wear NE2 1TJ Bankèrn BaTdJys C(F4yaie Bankin9 Cenlre PO Box 229 Nawgalion Way Pfest¢y) PR2 2XY Invo8tm•nt advhorn Bren Ddphin 12 Smrthffield Street London EC1A9LA OFkocredit Ecuwnenul Devent CDJpe¥th've SOclY U.A. 8erkenw 7 3818 LAAmersfoot The NethertarKIs Charfes Stanley & Co. Lnited Rcwemaker Place 25 Ropemaker Street EC2Y 9LY
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) CONTENTS Pag• Tru$lees' report lThYependenl auditor's re[ Slalement of acfswlies 9-10 Balar0 sheel Slalewl of¢ath 12 Notes lo the finanrial st*¢m¢wrt$ 13-22
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY IBRITISH REGION) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEAIBER 2024 The Iru51ee3 present t1[ annual rew1 and finanaal statements foi Ihe yew ended 31 December 2024. The finala1 statements ha been F¥epared in wrdancè With the ting pOlS sel out in nole 1 lo the finan<Jal staiemenls and CoMY wlh the cnarivs goveming dUrnent. the Charrties Act 2011. the Charrties and Truslee Inve51tnenl (Scotlandi Act 2005 Ihe Chartties Accounts (stoand) Règulations 2( las amendedl and 'Accounting aryl Report1ng by Charities. Statement ol Recommended Praclice applicable to ¢hanties preparing Iheir accounls in accordance Mth the Finanryal Rewkn'ng Standard In Ihe UK ReputG of Ireland IFRS 1021" lellecti¥e 1 January 20191. Objectives and activili•¥ Introduction Sl. Josepli'5 Socty lor Foreign Missxx)s was founded in 1 by Cardinal Herbèrt Vaughan al Mli l Hill in London. The Society 15 an Internatn3 feuowship ol Missionaries" d1c3(ed lo Ihe work of evangditiOn. 10 the buildNig up ol youn9 Churches. & to the as%sting of Chu¥che¥ 5pooal rred oulsth our hc4ne region5. Membeis of the So(aely ale expeded to leave Ihwr own counlry & wiiwe & to bè Invofved in pneerIng af8as ol evangelisaiion. In Deeemb&r 2{m the Socty's Generalate moved from Mill Hill to MaKlenhead following the sale of St. Joseph's College n Mill Hill which Ir¥Jlwally h&J l)een Ihe principal tralTrg cenlie ol the Sooety. Be¢zu8e of Its hislon¢al foundation the Sooety & ils members are kn(Mn as the Mill Hil Mis%onaries. The sC¢ty is organised inlo miss5." the Europe & N(ylh ArTEWts MIS0n 1mPng Great Bfitain, The Neihedands. Ireland, The Unrtod States. & the German Spea"n9 Refi, dmpaSSing houses in Italy & Austrial. Ihe Africa Mission & the Asia Mission Until recentty fl has drawn Ihe fflajm of rts members Imm Europe & North America. Today there are many ndateS frorn East Atrca, Cameroon. CorKJo, Indo & the Philippines. It hhs Mission Afeas in twel¥E cwntries- Kenya. UgarKla. Sudan, carr[L¥Sn. C90. South Africa. Pakistan, India. Malayskg, Philypves, Brgil. 1rnkn)esia, & a Frfeserte elsewhere in the wtrld. The accounts accompanying this report are the xc(xmts of the Tfust in whKh the assets ol the Soryety's al¥ltIeS ill Great Bnlain we vested & cover the aclNrties of tl* Brrttsh Rwih) of the Souèty. The accounts of IhÈ Central Souely werè historicAIty incorporated with Ihe Brrtish Region until 31 si December 2012. Wth effe& from 1st January 2013, the Central Soeiely separated Irom ihe British Reg¥)n a rLpw opeFates & report& as Chan¢y lor Sl. Joseph's Missionary Soriety (Generalale) Charty CommissKffj No. 1148980. The Charity lor SI. Joseph s Missonary S(ty {Brib5h Region) 15 g¢)vernEd by a piincipal deed dated 25th March 1929. & ts regi51eTed al the Chanty Cc¥nmiS0n No. 22069) & S£4)th"sh CW Regylalor No. SC039809, Oryani¥Jtlon In March 2012 undei a Charity Commission Scheme dated 12th Marth Z012 & a Deed of Amendment dated 13th March 2012 the Chwty was renamed Charily IOT Sl Joseph s misOnary Soc4ety IBrilish RegK)nl lis objectives rewised & lour Trustees were ap11 r&aryn9 abovtr sole corpxate Trustee. All the Tiuslees of the Charrty foi St Joseph's Society IBribsh Region} are apposnied by U)e Bnb"sh Re9ional Counvl & are all Members ol St Josèph'"s Missionary soCty. The Tru3tee8 Rev Dermot Byrnè MHM Fr. Byrne has been a lull rnemter ol the Sw'ety since N¢)vemÈer 1931. He was ordained in June 1992 and eleded Regional of the Bnlish Regon 1st JanLWy. 2017. Priof to IHng elected Regional he was workn.ng thè slèty,$ MISOrt In Uganda. Rov St•ph•n Botto MHM Fr Botto has been a full memb•r of the Souety ynce O¢t¢èer 1M). He was Ordai in June 1991 and is current Bursar ol the BTrt15h Region sirte JLme 2011. Prior to beiro apw'nled Bunsar he wa3 follow7ng a course ol further $ludies and has Work on the Soaews missim in the canv)n. Bro Eddig Slawin#kt MHM Bro Slaviinski ha5 been a full member of the S¢xJ'tty April 1982. He ts eurrerwy a membw of Ihe team making appeals and doing promolion work for APF - Mdl Hll in England and Wales. He has prevwsfy worked the Society'5 MISS in the Cameroon.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Principle activities and aims The pnnopal objecbv8s ol Society as stated in Ihe 1ftt de8d are.. Such charitable pwws¢s that tharte the and rAhet chafrtable work of the Sooety includir¥J". 1. The promolicx). manienance and support of the SelY ils members inch&ding the education ol those members 2. The rel1 of poverty 3. The adncerneI of the Roman Catholic ReWAI The Trustees may use the pital ar)d lh& ol the Charrty Mi prthnolb.ng Objetts. These O.eC.veS dearly Stale the airns of ihe Sw'ety. Flnanclal The Society adhere5 to str'ngenl KKJhryes a5 oullingj in IIE Glob81 FInar¥81 Reg15 Manua and detailed In the British Regiw Finanaal RegutsiK)ns Manua. The Finam4 Statemenls for year ended 31 Decèmber 2024 satisty the Trustees wth regard to the Charty's ablty to conltnue io <)perale Ki lulure period5. The Tiustees have once agall given considera1 lo Ihe fmnual Impact of the Ukrainian I515 whth ha$ haij an immethale Impact t in¥e51ment markel values an4 11 inewtably (XtsnUe to alFecl the pefl(Nmancè of all inveslmants mMng forward. The Charity maintains Genera Fund Reserves and Retrmen1 FuTrJ Reseryes sepat81e lo Land and Bili1dg Reserves to enswè transparency of finawal rew)rts and 10 ènable cOnSerat ol future financlal planning. The Appeal Fund does noi hokj reserves. all srUSe5 being transferred to the Charity for St. Joseph'5 Missionary Society IGenefalale} Chanty . 1148980 for fuThliThJ ol the Missions. No Resifl(Jed Funds are hdd for year ended 31 December 2024. Thp Chaiity has an Inveslmet)t Poh"cy wmaiily awned al maximi$g Investment It)come whilst niainlaining an ethical sta8 across a dwerse rarrfJe of 3ssel das5 & seajrily. The Charity will nol Vest in companie3 pursuing aclivrties which are direcity ctrary io the purpose of the Trust Deed & in¥estmenl is avoKJed In companies whete their bUe$S afe In ihe aTeas of pomography. wmamèntslmilitsry équipmèni. gambh.ng or tobacco. Investment Managers are instruc1 10 lolk)w the of 'sale' ralher than '5peculalNe' Inveslmenl whilst aiming to achieve an overall Income yiehj not less Ihan 3.5% The Investmeni Poly is reVId perkxlicaltv lo ensure 4x>ntinuitVJ 5uilaix.lity. OngoiThJ financial anThg 1hroh detsd bu(Igelary conSeratIOn. is fo19ed on the Idlong key areas.. The promotiw. mainlenarKe and supwKt ol ihè Soaèty and rts members. induding Ihe edueats.on of ihose members- these being rdianl w genera donat5. arml W ome - The reliel of poverty. OngoirKJ ¢eVW ol pf¥14cs. reinforcing Ihe appea15 leam Iboih empbyed and voluntaryl to organise APF Appeals throughout EnglaThY 3nd INal¢$. lo ensure the lulu¥e sustainability of the MissH)ns through both Red Box Donatign$ al Covenanl t)c)alions - The advancrnent Oft1 Roman C*holi¢ Relwn.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Law8 & rngulatlon8 - The Truslees ackedge thew duty to ensure that the Ctiarty complEs wrth charity law & %wth Ihe requirements of the Ch3ri1y Comrni5sion in Eng¢and & Il+ales & t1 Office of the S¢x)tti5h Charrty Regulat IOSCRI a5 well as IhÉir rèspons1"11lY lor ensumg thè Charty does not brh ol ihe requents Of rules set out in the TfUSI Deed & the Conslilutiorys of Ihe SC¢ty. - The Trustees arp)Inl a qualFfi8d exlemal auditor to verify the arAacY of awx)ls. wocesses & procedures. lo minirrNse the potential for wiaccurale accountiTh3 & potent1 fr&•J. . The Trustees are awe ol Iheir oblwjalron to report any ser43 ri(Jent$ lo the Charity COMMEtrn. ProtOCtlon of Wnornble Adults.. The Trustees ensure ongoin9 compliance assessment io ensure the Souely meets wilh the current kgislalpie reguirenpnt5 as rEgards the Piote¢ti(M of VukwatAeAdults. As wem as COMF49 Wrth rts ¢Jwn 'CLyJe 9f Conduct, & 'SAleguarding Guidelinès. thè Society also adherès lo the Safeguaiding GuHJelines of the Cathokc Church In England & Wale5. There &$ a deSnated ThfflbeF ofthe Soc• responble foi Saleguar(kng. Public 8ènefit The Trustees have ¢on$uMod lh 9uidan m•Je ayailable by ihe Charity COrnrySK)n f(x Englr 8 Wales on Ihe PutAic Benefit requirefflent ol the CharrtEs Act 2011. The Trustees are confident that have compld with tr duty undei the Charities Act 2011 m that they ha¥e had due regaid lo pyb&G benefft g[jidar txJtshed by the comm150. In fvrtherance ol the tru31'$ thairtable rposes lor the pubhc ténèfit IrustéÈS gNe deiads of theff adivth.es in IF)è folk)wing palagraphs. Fknanclal revlew Review of 2024 In 2024 th• British Region whKh crxnpri5e5 England. Wes 8 S(x)land had % Members of whom 21 were felired & 1 resident in the UK pendiNJ aWmntMent. fesidenl in Hert)ert House our Retirement HO in Fre5hfiekl. Overseas: S members were on missionary work ovewas. Thw were wEad over 5 difftrfenl ¢(yJnlres". Camer¢)on. India. Malaysta. Kenya & the Philirvnè IsLgnds. The Societys Members work ma¥ty in Parishes amongst Fe((4e in need prOVlig religious & humanitarian serv@S. The latter IneS Urb projeds $J1 as rehabih"lalbng drug users helping displaGEd persons, workTrng Wrth d?b. feethng 3chemes for thldren & in rural areas, proJe¢ts lor women. England & Wales 1 member 15 Wotbrhg as the Nali(xwl theGtor of the PonttfiGal Mission SoGiefE51Mi55io foi England & Wales whlsl 7 fflernbers ¥¥ere InvcAthJ w raising missKJnary arenesS & making appeals England & Wales. This work Is carried out In confluence MtsS IRe9d. Charity 10566511 & colleciNdy a total of £2.234.909 was iaised Ip 2024 of whlth £893.964 went to Ihe Sooely an inGrea5e o11.4°/¥ on 2023 (Missto )come was up f% & MIH Hill in¢thne was up 2_1% on 20231. 8 memtr$ of the woety were Yrkj m p*tshe$ in ErvJlarKI 2 Oth wer¥ chaplains lo howlal5, eare homès. schoojs. & convènts. 1 of the members workw¥J in a Pafish k8 also the presentat¢ MHM lor safeguwdiNJ in England and Wales There are 9 members of the rew are invol¥&J in manwent ol thè $ety13 Birtish Region & B Generalalel.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Scotland: Tmsttsts R•port 2024 3 membe¥5 were invofved rwgng missTronary ¥wareness & k1j aFyeals in Scotland and during 2024 they w&ted 28 parishes. Also due lo Ihe dedining numbws ot dwsan pnests they Msiled 20 parishes règuLqrty on supr as well as supply to rnbjhbouring Nazarelh House NyrsiNJ Home on a da1 basis. The Swety magaJne for Sc(Aland ISI. Josot's Ad¥(¢l was wblished twre during 2024 + 1 caleThlar. As well as prOdIng refL#K)n I reh'gK)us retreat day5 1 e¥wwng5, our members also ted Sch15 and Worked wth other grcxjps belowng lo Ihè CallW"e Churth in Scolland - Serrn, Lourd8s Hospitalite & Lourdes Nurses. all of whom use Cardonald lor ihew meelirgs A Centring Prayer Group Conbn9 io hekl every TIdaY & on WB(kn8sday evenings we have Farth Devebpment Sessions gNen by Fr. 8emd Fox. The proceeds ol a Prize Chaw IFriends of Mdl Fth"Ill in 2024 went to Lurgi Sthod. Inth"a. There are also various lundrswig aclmties the year to fase funds for the Mission5. We havo an annual en0 lo SL knèph rs Marth & to the Hoty SCAAS in No¥8mber. CardOn provKJes 3 base any scolb.sh Hil Mi5sKMes on Leave. Fr. Bernard Fox is also the TeFxe3entstibY fry K4HM lor safeguardY¥J Salt1 and conlerence ol reh,U3. Reserves policy It Is the policy of the charity to Su[e Uwt unTrstrided funds which have not been deSnated for a Speci use should bè maintaird as liquid asset5 al a minimufft tevel equivalent 10 twefve monih s expenditLtre Iinclu5ive of Herbert House). The remaining balar¢ces ol unrestrKled lunds wll be hehj a5 In¥e51ment Pgrtfolio's to ensure the maximum dimdend return whkh 1$ the main source of injme for Ihe unrestritled {Gènèrall funds held. Tho Ifu5tee5 considef Ih•i reserves hehj ai this level wrfl engjre that. in Ihe ent of a 5ignificanl drop tn irtome. Ihey ill be ab to continue the chanty'3 current ti¥3 whrte 1$ given lo ways in afJd5IfiaI ftJnd$ may be ralsed. Risk polKy In line with the requirements foi Trusteès to undertskè a risk assessmènt exercise and gNe an account of this in the repcxt. the Trustees have looked at the risks the Ins(rtut8 fwAs in England and have remewed Ihe measures already in place lo deal with ihern. The Truslees have IdentrfEd the flOWing main aieas where risks may o¢Gur. The General coUrK. supp)rted by Ihe COLMXI FinaThial Secretary, Is responSie as regard3 finarbce lo the following'.- . Approve the anwal budgel - Approve Ihe anwal finwckil rewl - Approve the purchase or sale ol larMtsk¥operty . Grant requestslpiojècls member5 In need and wthlHM's - Appoint exlernal auditor for annual auditsng - Approve the Global and Regiwal FmanTral Manul$ All dec#signs th regard lo financkat mattels and properties must be made in line with the Consth'lulions aThl Directs'ves of the SoGiely. The Trustees may onty %1 wilhin parameters sel by the General Counul and as ov#ined in the Fmwnaal Regulations Manual. There is no fomial induction training f Trustee5. Emptoyees are only aulhorised 19 * 1hl pafametefs ol Iheir descnpb.on and no employees are rspongble lor financial dec¢sK)n makin9 al any level_
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for firture pgrlod$ In aldition to tho conlinu8tK)n ol current activities a numLEr ol Speryfic wq.ecls a en¥tsad- To support the Brish RegKfft Klembefs in Iherr ms$ary work o¥erseas. To promde foT rctiroment & health redS of Thmbefs c4 the Bn"li5h Regiork To prumole ovorseas mtssion In Bribsh Reg 21 31 Strv¢ture. govtmanco and managem•nt Governing document Thè chanty Is COntrled by rts g0vomi xrnl. a deed of tW5t and c(s1uleS an lrrp0raaed tharily. The Iruslee5 who 8erwJ durry Ihe year and up lo the dalè olsynalure cl lh8 fin(81 stsleffntS Rev S Batto Bro E Slawinthi Rev D Byrne Statèment of trust8•s' Iosponsfibllltles The Irusle6s are rosponsible for prePg tl Trytees. Rewrt arTd Ihe financBI stalemenls in accordance with plicable law and Uniled Kiry(kni PLcountN)g Siandards IUnrt&Y Kiwkm Generalty Accekrted Accounling Pracbcel_ The 18VI aP[lCe lo thanlies EryLwd Wales in Scotland requwès Ihe Irustees to prope financial 5tatemonls for each financial yew gNe 8 tTL atxl lar vwi ol Ihe slale d attwrs of the chaiily and of tho ncomiw resources and appIatiOn ol res(x ol the charity thai ar. In preparing Ihese financial slaternts. the tr$te$ ar8 reqvifed to.. - sob¢t suitable accounthng policEs aThJ IhEn aFF4y them sIeny,. - observe the melhcKJs and rrfintses In Cnt• SORP. - make judgemcnts arKI esbmale5 that are reasonab and mKknt'. - stale whelhei ar¥)18b a¢counliry standards have bcon loll(ywed. subject to any rrolBri departures dtsdosed and eXained In the hnancial slatements.. and - prepare the fanal Slatemts th¢ g¢yng con¢2m bas unss il is inapprO1e io presumo that the d)arity 11 continug in operalK)n. The iTslees aro resrx)n&NÈ for keepry 5uffi¢xnl fELxJfd5 that dfsclxe wlh ieas0rbIe acrurary al any limo the financk)I posion ol the charity and enatAe Ihem to ensufe thai Ihe finanoal stateES comply with the Charities Act 2011, thc Chanly (Accwnts and Report51 RegLlaiKv% 2(. tts charit$ and Trustee Investmenl (Scollandl Act 2(X)5. the Charils AcrAJunls IScolL4nd) Rewlab"ons 2fM)6 and the provisons of Ihe trust dccd. They ace rilso responsible lor safeguafdiTvJ the assels of the charily and hence lor taknng foasonatye steps lor the preventKJn &xl detecbon of Irath1 ¢)Itv Irregunb. Tho Irustèes. rew*1 was approve(I by ItE Board of Tw51eos. Rev S 8t0 Trust•• Date.. ?3. lo.?..1-..............
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION} Opinio We have audited the fin3nc4al slatements of Chanty For St Joseph's Misyonary Soa"ety 18ritish Region) Ilhe '¢harity'l lor the year ed 31 Decefflber 2024 whth Gompnse the slaternenl ol financial aGINitie5, the balance sheet. the statement of Gash fk)ws and Mtes to Ihe andal slatemÈnts. induding signifitani ¥toui)ting politiés_ The financial reprytin9 framework Ihal has been applEd in thwr prepa{atn Is arjplicable law and Unrted Kingdom Accounting Standards. incJding FtnancLal Repcrting Sndard 102 The Finatioal RertI Standard 8wlicable in th6+ UK and Rep(Ibb'c ¢lfoland Iunited Kingdom Genèraly Acwed Accouftting Prlicl. In our opinion. financial $18iemwrts". gwe a true and f?¥r view of the state of Ihe tharrty"s affaws as at 31 Decethr 2024 of its incoming resources and application ol resow¢es. lor the year Ihen ended". have been prOY prepared in accoldan wlh Unrted lQngdcYn Genwajty Artsp1j Accounts'ng Practice". a1 è been preparéd in ac£ordan¢e wrth the ChariiEs Acl 2011, the Charilies and Twslee Investmeni Iscollandl Act 2005 and regulation 8 of the chlaS AccoLtrnts Iscotknrf) Regulabons 20C6. Ba65s lor oplnion We condLed Jr audit In accordance wth Intemab'onal Slandarrts on Awjth'ng (UK) IISAs IUK)l and applible law. Ow reSpons>ilits those slaNlaids arè fvrthèi dèsuibed in thè Auditorfs rès10j"lièS for the authl off thfj financial slatomenl.8 sedK)n of our report. We are irKlependent of the chw in xcordance wrth the ethKal reouiiemènls Ihal are relev3nl to audit ol Ihe fmatK4al statements in the VK, ddIng Ihe FRC'S Elhul Slandard, and we have fUlfiltt Ouf Other ethKal respon9"1tti"eS in accnrdance wrth Ihese reqU1MentS. We believe that Ihe audit eviden we have oblained is sufficient and approwaE¢ 10 WCNpae a basis OpinK. Con¢lu¥ion¥ rgtsiing to going concgm In auditing Ihe finarxial statements. wé have conthdèd that the IMeS, Ltse ol Ihè g¢ing [tM basis of accountmg in the preparalion of the finanrAal statemenis is apwopriate. Based on the work we have performed. we have nol Klanti any material rtaintleS relatirg to evenls or Conditions that iThJiwdually or collecbvdy. mby $1 gnIficant drAJbl on the charity's abdily lo conlinue as a going conrn l¢x a period ol al leasl ¢wefve mot)Ihs trom the fimrtial sLItnIs are authorised for issue. OUT responsibil'lies and the respOn1#e$ of the trustees with fespeci to gn9 CrceM we des£ribed in the relevant 8eGb'ons ol this port. Other infomiation The other Informaln coThyrise5 the inlormalFon Indlad in the annual report other than the financial 5tatem8nts and tyjr audilof s report thereon. The tiustees afe reSpOnwte for the other inloimatK)n wnlained within the annual rèport. Our opInn ex) the finanual ststemènts <ks not cover the L)thei inlormation and wè do t eKPlèSS any form DI assurance conclusion Iheroon. (Xjr re5ponsily.lity is to read the olher Infomabon and. in doirJ so. consider whelhel the other Inlormatioll Is malerk4ly inconSlen1 with Ihe finla1 slalemenis or our knowledge obtained In the course of alit. Of Othernyisè appears to be merrally misstsled. If we identify such material In¢onsistencJes iy appareni maiefial misstatements. we aro required to determine whether ihi5 gNes rise to a matenal misslalemenl n the finanGral slatetwts themsefves. If. ba the wc** we have perfomied, we condude Ihal there is Tnatefial misstatement of this other informatK)n, we we requifed to retmyt that fad. We have nothi lo report In thi5 regard.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY
(BRITISH REGION)
Matters on which arg rgquired to rèport by exception
Vve have noiiiing lo report In respect of the lotlowry malleF5 in relabon lo vA)th the Chantses IAco)unl8 JKI
Report51 Regulab"on5 2W8 and the Chanties Accounls (Scollandl RegulalKy)$ 2006 require us to rert lo you if. )
our cyinion"
the inlomalh)n QNen the slatemerfs is irKonsistsnt in any matenal rw with the tnJslee$'
report. or
sufficient and wopef accounting reCrdS have been kepl..
the financial statent$ are in went wlh the accounb.ng cecords. (x
we have nol feeeived al the in1081) and explanthns we wjuire for (xrr atht.
Ref ponsibilitigi of trl••¥
As explained more fulty in thè slaiemenl ol trustees. ¥espon5it4lities. Ihe l¥uste¢s sr¢ fesponsit4e for Ihe PTeparalion
ol the financial statements and lor betng Satisfied Ihat Ihey g've a true and fair wew. and such Intefflal control as
the Iruslee5 deleimine is neeessary 10 enatAe thè preparabon of anCIal slalwTrenls that arè free Irom material
misslatemenl. thfftelher due to fraud OT errc. In preparing the finèncal slatements Ihe trustees are ie¥)onsibk foT
asses51ng the charity ¥ ability lo conbnue as a going conwn. dJsd95ing. as aPFAiizble, matters related to going
concern and uwng Ihe gcxng bas ol accolirj LU)knss the Ituslees alher wiiend lo cease operations. or
have no realistic aliernalive bul lo do so.
Audlto¢s responsFbllltie$ lor the audlt of tho flnanclAI $t#t•m•nts
INe h3ve been appointed as audrfor under section 144 of the Charities Ad 2011 and seclion 44111¢) of thè Charitie5
Jnd Trustèè Investment (Scoand) ArA 2005 and retmyt in ith the Acts aThJ rdevant regulalions mad¢
or having eflect Ihereunder.
Our objective¥ •r¢ to obtain reasonatle assutance atrfxrt elher Ihe fina41 slHl¢ments as a whole are tree from
tnalerial misslalemenl. whether due to fraud e. and to is¢ a) audilofs rèport thal indud8s our opinion.
ReasonaNe assurance is a high kvel ol assur but is not a gUarlee Ihal audrt conducted in accordan
th ISAS
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) There are Inherenl link¢aln$ in the audii pwocedufes desuibed above the Pfimary resp)nbity for the prevention and detect of Irregulant incknling fraud rests th management. As with any auijil. there ramained a risk ol non-deltIOll of 1¥ul3r1t1eS. as Ihese may inbth Co0Th, for9ery. Intent01 omissivns, mk8representa1i0 or the o¥errNle of inlem81 conlr(A$. A fiJTthpr desciiplFOn of our respOnbieS is available on Ihe FinarKia Reporting CoUrY$ website at.. htlps'.11 wtsAv.frc_org.uklauditorsrespoiisibilrties This descttption fonns part of wr auth1($ fepY)rt. Use of our report ThTrs report is made sololy to the tharity'5 trustees. as a body. aDx¥dance lti Pwt 4 01 tho Charities IArLounts and Reportsl Regulalions 2008 RegUlatn 10 of the Charities AcctyJnls Iscotlarxl) Re9ulaiions 2Q)6. Our audit work has been undertaken so Ihat we might state to thanty's trustees those matters WÈ arè requrèd to state lo them in an auditor s rew an¢J lor no other purpose. To Ihe ILe$l exlenl permbtted by law we do not accepl or assume ieswnwblY lo anyone (Ihei than the dwity ar the Lhaiity's trustees as a boty, fw o¢Jr audit work. for Ihis report. lor the opinions wè have formed. Nicholas Cunningham Msc Bse ACCA IS•nior Str10ry Auditor) for and on behalf ol Robson LaidlèrAeeountants Llmltad Statutory Audltor Femwooo House Femwood Rtsad Jesmond NVwCast upon Tyne Tyne and IAÈai E[artd NE2 ITJ Robson LaIdr Accountants Limited Is e&"gth for appointment as auditor of Ihe charrty by virtue of rts eligi..1Y f appontmÈni as 3udiior of a company undef seuiDn 1212 01 the Companies Act 20
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Currènt Ilnantlal ar Unrnstrict•d fund 2024 Rtttrictgd funds 2024 Totsl Tokl 2024 2023 Intomè éndowménts from: Donaiions and lÈgaoes Investments Other incoine 667.474 738.863 944.615 1,612.089 738.863 800 1.495.284 687,304 2,883 T<)tal incomg 1.407.137 944.615 2.351.752 2.185,471 Exponditur8 on: Raisinu funds charitab activitie5 1(,177 1.597,ST7 307.996 635,464 408,173 2,233,041 505.698 1.983.358 Total gxpendiiur• 1.703.754 937.460 2.641.214 2.489,058 Net gain$lOossesl on inslments i.(r28.881 1.028.881 492.453 Net in¢ome 732,264 7.155 739.419 188,868 Tianslers beVee funds 7.155 17.1551 N8t mo¥om•nt kn lund$ 739.419 739.419 188,868 Reconciliation of fund$- Fund balanees at 1 JanLary 2024 30.357.7t)J 30,357,700 JJ,168,832 Fund balanc•s at 31 D•c•mb•r 2024 31.097.119 31.097.119 30.357.700 The Statement of finanGK41 aCtrtS in(Jte$ 411 gains losses cowSed in the year. All GLYne expendil derive from conbThuing a¢li¥tts.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIEff (BRITISH REGION) STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prior financial year Unrnstrlctsd funds 2023 Restrocted fundj 2023 Totsl 2023 Motes InGome 4n41 endvvnnents from: Donath'on5 al kga¢¥g$ Investments Other Incomg 538.777 687,304 2,883 956,507 1.495,284 687,304 2.883 Totsl IneomÈ 1228,964 958,507 2.185,471 Expenditure on: Raising funds charitab adiwt 1Crf).592 1.437,798 405,106 545,560 505.698 1.983.358 Totsl expenditu 1.538,390 950,666 2.489,05B Net gainslllossesl C n¥estments 492,453 492.453 Not Incomè 183.027 5.841 188,868 Tran$fers between funds 5,841 15.841) Net movement in lundg 188.888 188,868 Reconciliation ol funds.. Fund balarKes at 1 Jamary 2023 30.168.832 30,168.832 Fund balances at 31 December 2023 30.357.700 30.357,700 10-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) BALANCE SHEET AS A T 31 DECEIABER 2024 2024 2023 Not Fixed assets Tangib a55etS InvestntS 10 11 6.9,737 .089,997 6,800,878 21,816.568 29,899,734 28.617.446 Curront assèts Dcbtors Cash 81 bank and in hand 12 $18.016 1,303.093 511,652 1,718,W3 1.8S1.109 2.229,655 Credllors.. Jmount5 falllng due with•n on8 ygar 13 1653.7241 1489.4011 Net ¢urrent 058ets 1.197.385 1.740.2S4 Total assets less currnnl liabl11•% 31.097,119 30.357.700 The funds of th• charity unreStrlad lunds 15 31,097.119 30.357.7 31.097.119 30.357.700 The finanoal StatomlS wwe appTDved by Ihe InJstees .13. . Rev S Botto Trvst••
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operating acWvltie$ Cash &b501bed by opetatKJnS 17 {874,9741 1985.5461 Invesling activities Purchase of langible fixed assels Proceeds from disposal of langÈ fixed as5et5 Purchase ol invèstmènls ProcèÈds trom disposal ol w)vestments Investfftrrt income (35.0)} {79.3881 16.SB9 17.653.6B41 6.772. 192 687.304 16.051.838 5,807.289 738.863 Net cash genernted fromllused in> investing a¢tivitig$ {256.9871 Net cash generated from financing actsyit Nét d•ereas• in cash and eash Ul¥a1ènts 1414.910) 11.242.533) Cash and cash equiv*nls at beginnng of year 1.718.003 2,W.536 Ca3h and cash gquiv•lent¥ at ond of year 1.303.093 1.718.(X)3 12-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounn pollci•s Charity infonnatron Charity For St Joseph's fvIissK)nary Stscty le11th Reg)nl is an unincorFY)raied charity (charity number 220690 (England arKI Vdlesl and SC039809 Iscollandll. The office is based al Thoin. Plllinglon Road. Raini¢)n Gale. Houghion le Spring. DH5 9RG. 1.1 A¢tounting convention The financial slalefflei)Is tta1 been Prepared in accoldare wrth the charitys govern1j &xument. the Chanties Act 2011. Ihe Charities 8nd Truste¢ In¥estmenl ISwtlap)dl A¢1 2W5. the Chatititrs Account$ {Sco113ndl RegulatnS 2006 las amendedl. FRS 102 "The Financtal Reporting siandard appIable In the UK and Republ'c of Ireland. I"FRS 102.1 aTrJ the Charrt5 SORP -AcwuTrb"ng a[ Reporting by Chanties Slaièment of RecomrneThd Prre applicable to charib.ès preparing their accounts In accordance with the Financial Reporting Standard applicable the UK and Republic ol Irelarwj IFRS 1021" leffective 1 January 20191. The charity a Pubhc Be[It Enirty a$ defird by FRS 102. The ffrnancial 5talements are prepafed in sterbng. whth Is the funcaional currency ol ihe charity. Monetary am(yJnts In these financgal statemenls are roJThJeO to the nearesl £. The finaneial slaiernenls have beers prepwed tho hi$tryol cost cwventiDn. The wKi¢>pal a¢Unt9 policies adopled are Sel out telow. 1.2 Going concern The financial sialements have bèen prewed on a gosng concem basis on thè grcyJnd that curr8nt and future sources ol fiJn(Sing or support will LY rIe Ihan èdequate for the charity's reds. The Truslees have COTisidered a inod of 12 m¢yKhs Ir(Kn b8nCe sheet dale and ¢SIde[ no furthei dis¢k)sures ielaling lo the charity's ability ID c11) as a Sn9 o)rKem red to made. 1.3 Charltsble funds Unresliicled fund5 a¥e avaI8bk lof Use at the diseO ol the trustee5 in furthera% of their chantat4e objeclives. Restricted funds are sutyecl lo Specif Cond1tKS by donors or grtorS as lo how they may be us&J. The prse5 and vses of the re51vKt1 ftJtKls ale sel out in tl notes to Ihe finanual statements, Endowment funds are $ubpcl lo speufK ?n$ by Ihol the FIt¥1 nwsl be moinl#ined by Ihtr chanly. 1.4 Income All nere ts recoJnised in the Slatement of Finanu AdiMtitis once ts tharity has enlillemenl to the funds. it is probabje that the income wtll be recei%*d and Ihe noUn1 can be meayjred rdiabty. The lolowing policies apply to Ihe specffjG incorne streaffl5" 71 Donations are recOgnd when the Trust ha5 been nolified in wrIbj of arnount and settsement date. 21 Legac>es are Tecognssed on a ra5e by basis f(Akw the granling of probate when the administralor for the éstate has t{nmunIcai in wriliftg tK)th thè amount afid thè sèlUÈmèni dale. 31 Intere51 on funds held on deposit is induded when receiv31e and Ihe arnounl can be rneasured reliab, 41 Oividends we recognised crte the dNKlend has been dedared aThJ nolifCffj has been recer¥ed ol the t8ivhlend due. 13-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENOED 31 DECEMBER 2024 Accounlng polkles Icontinugdl 1.5 Exp•nditur• Liabilit$ are recognised as eNperM1rtufe a$ SO as is a al or c(x)stmclive obloalK)n commrtting the charity to thal expendituce. il Is 0bae that a transfer of economie Ie[rtS wil be requwed In settlement and the amount ol the obligalTon 13n be measured rel'ably. ExperKliture 15 aGcwiited lor on an acuuals ba5 and has bÈén classÈfd undèr hèadings thal aggregate al cosl related lo category. Vvhere costs caiinot be directly attributed lo particular he3¢JingS they have been alk)caled to actswties on a bas15 consistent wilh the use of resources. 1.6 Tangibk fixod assets Tangible Iixed a55els awe Initialty measured al cosl bSeqUenNY ffaswed al cost or valuation, net ol depreciation and any impawment losses. Oepreualion is recognised so as lo write off the rxjst or ol assets less Ihew resthal vakn8s over theif usefijl Ives cn the follimng bases". Freehdd land and Ixth'ngs Fixlures and fittirrfJs •A0t velN'cs t)ol promded 254A 5trwghl hne 25% sIght hne The gain or knss arising C ihe disposa ol an asset Is Iletemiin8d as the drflerence beeen the sa8 proceeds and Ihe carry9 value of the asset. and r¥¢owwJ in thB slatemenl offfin•1I ¥¢tiwlies. l.T Fixed asset inv•stsnents Fixed asset Investments are measufed at transa¢h)n prTr¢e exduding transadon costs, and are subsequenity measuced at lair value al ead) ler)"n9 dale. Changes in fair value are recognised In nèi incomel{expenditure) foT the year. TTanswth'on rA)51s are expeled a5 incLvr1. l.tt Impalmiènl of Ilxod ax•ts Property. an1 and equynent arè rèMÈwed l(K ImpairTrenl il events or char•gÈs in tircumStan$ mdicate thai the rry1ry amount of such assets may rKJI be reco%Tab. 11 there is indut'on ol rx)ssible impairment. the recoverable amounl of any aflecled asset ts estimated and comparEd against rts carrying amunl. MtheT¢ the estimated recovefable anK&unl is lowet. Imrwrrrnl $$ is iwnise(l imnwolety I) the Stemenl ol Financtal Acti¥Trlies. 1.9 Cash and cash èqulvalents C8sh and rn5h equivalents indude 5h in hand. deposrts IEkJ al Gal wrth bank5. Otlw short-lerm liquid Fnvesimènts Mlh ongin?I mal(&rities of ifvee rTrJtths or kns. and bank QVaTdrafts. Bank overdrafts are 6hown within borrcvwing5 in cuent h"at4litres 1.10 T•xatlon The chaiily 6 exempl from lax on ts eharrtaNe ath"wbe5. 1,11 Rttiremènt btn•fits The charity opefales a defined Contributs" perlrIn s¢hBm8. Contrlxrtths payabl& to Ihe tariiy's FenSn 5therne are chBrged lo Ihe Statemeril of FinanaalActMthes rn the peTh)d to which they rel8te. 1.12 Short tsm debtofs and erèdito Deblors and uedrtors %wth no ler rale whith arè rèceivab or payable within one yèar recordèd at transaction price, Any loss aring Irorn impairment are recognised ImrnediateFy In the Stalemenf of Financial Aclivibes. 14-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢countlng pollele8 (Continu•dl 1.13 Investments Quoted Investmen15 are stated n the fHwwl sla1015 at IheiF rnarkèt Val on the balance sheel date. Market vatyje rewesents the mN&market ¥ralue prrE ot qE+oted investments on the Telewanl day. The rgsultbng unrealised sutplus OT dpficit ts crtrjrted or tsbrted to the Statemenl of F1wCal Ad[vit. Income from donations and le1 Unrestricted Restricted funds fund• 2024 2024 Totsl Unr•strictod Ro•trict•d funda tunds 2023 2023 Totsl 2024 2023 DOnatIS and gifts Legacies Masses saNJ Salaiies. stipends & pqnsions 120.668 2Th).695 101.939 943.91 1.IA4.658 625 201.320 101.939 114,920 77,502 97,429 942,639 1,057,559 13.868 91.370 97.429 244.172 244.172 24B,926 248.926 EO7.474 .615 1.612.089 538,777 956,507 1,495.284 Expenditure on raising fund ilnrnstrKtsd Restrictèd lunds funds 2024 2024 Tolal Unw•strictgd Restrict•d fvnd8 tunds 2023 2023 rot•1 2024 2023 Fundraising and publicity Personal exlernaj boarding allowance5 PrOmOtnal cosis and appeals off costs Sundries Travel motor $15 Stsll costs DepreatIon awmj npairmenl 44.475 44.475 40.21)) 92.633 2.208 1.526 42.941 108,741 102.601 2208 1.843 42.941 108.741 9,591 8B.278 97.869 4.580 4.032 32.438 227.089 317 375 3.657 32.438 227.089 9.472 9.472 FUndrallg aj tbI 10.285 301.996 312.281 405.11 415.072 Inves1nl monagemenl 95,892 95.892 90,626 90.626 Total costs 11%.177 301,996 408.173 100,592 405.1 505.698 IS-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Exponditure on charitable activilses Chaiitablè activitie$ 2024 Charitable tivibes 2023 Direct tost% Staff costs Rent and ral?$ Insurance Light and heat Tebphone. post8 aTrJ Statnory Repairs and maintene Sundries Retirement ¢o$t$ Chapel expenses Hryjsehold costs Motor and Iravgl MedKal exnSeS Personal aUowan¢e$ Regional extemal alcvwawKo$ Contnbvlons lo Genwalate Overseas alowances 734.551 42.198 20,057 173,113 12.513 75.659 34.484 140.583 2,094 125.698 23.714 13.567 36.000 17,720 5*.014 39.450 656.279 37,882 18,874 124.611 12.506 67.456 32.195 143,700 2,156 122.265 26.502 13.529 35.400 20,430 508 360 37.200 2.087.415 1,859.245 Share of support and 90man¢• eosis not• 51 Support 145,626 124.113 2.233.041 1983.358 Analy818 by fund Unrestrtled fu Restricted lunds 1.597,577 635.464 1,437,798 545.560 2.233.041 1,983.358 16-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Support allat¢d w a¢tÉ¥iligS 2024 2023 Staff costs 0eprecia11on Telephone Postage and statronery Subscrpticms Sundries Motof. travel and rneeiing costs Profe$sK)nal co¥ts ALKlit tees Bank Charges 36,126 16,719 1419 12.942 10.988 3.869 8543 42 720 8.700 3.600 39.621 14.944 1.291 13.031 18.358 6.081 11.852 8.520 4.829 145.626 124.113 Analys•d befvA, charitab a(.1eS 145.626 124.113 Net moyement in lunds 2024 2023 The nel movement in fuThJs is slated after chargngllLYeth"twvJ).' Fees pgyoble lor aL1t of ¢haty's stateffents Depfecialion of owned tangiNe fixed assets Profit on disposal of lan9th fixed assets 9.000 26.191 1800) 8.7(MJ 23.808 12.8831 Tru8to•s None of the tiuslee5 lor any pefsths uffinected th them) INe remuneiats'on w ben6fits from the charity dunng Ihe year. Trustees Dvnng the year the Truslees receNed VIng and iM)¥thng 3lkxtaleS lotoling £11.700 12023.. [16.61. In addition. in the current and wevws year the chanty paid Certa travel and medical expenses on beha ol the TtU51ees and prowded the Trv5tees wrth Ihe use of a vehKle a¥KI Imng accomtTv>Jation. All these costs were in rèlaiion to Ihe Trustees as missiarS rathei than in rdoiK)n to ttr t1utsès as a Trustee. Employees The average morthty nw)tsT of empk)yees dury Ihe year was. 2024 Numbèr 2023 Numbèr Administiab've and fiJndrai5ing Domest. deaning aTrJ calerng 27 27 Toial 33 17_
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Employees Icontinuedl 2024 2023 Wages antl salar$ SocFal sècurrty costs Olher pen$m o)sls 810.042 55.737 13,639 850,920 59 378 12,691 879.418 922.989 The Trijstees conwdei Ihat no key mwTrwenl rece1 remvrwaK in eilher the rrent or previous year. There were no npknYeeS whose annual remunerat was me £60,0W. Taxatlon The charity is ex9mpl from tsxalion its tecajse all its iThxme 4$ applkd r charitabl¢ purposes. 10 Tangible fixed aets Fre•hold ljnd Flxlur•s ar¥d fftikno Total v•hlcl•s Cost At l January 2024 Additsons Diskyisals 6,724.921 24.820 276,916 7,026,657 35,050 35,050 18,9701 119,1541 110.184 At 31 Dec¢mber 2024 6.724.921 14.638 302.996 7,042,553 DepreclatSon and Impalrment Al 1 Januy 2024 DepreciatKJn charged the ye Ebminated in respect of disposas 12.998 5.569 110.1841 212,783 20.622 18,97DI 225,779 26,191 119,1541 Al 31 Decener 2024 8,381 224,435 232,816 Carrying amount At 31 Dècèmbèr 2024 6.724.921 .255 78.561 6.809,737 Al 31 Decernber 2023 6.724.921 11.824 64.133 6,800,878 18_
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 11 Fixod asset inY•stm•nts Ll$l•d Inv•sthiènts Cost or valuatlon At 1 January 2024 Additions Valuation eIr0e9 Disposals 21.816.568 6.051.838 1.028.881 15.807 2)> At 31 December 2024 23.089.997 Carryiny amount Al 31 December 2024 23.089 997 At 31 December 2023 21.816.568 12 Debtors 2024 2023 Amounts lallln9 duo wlthln on• yo•r. Trdde debltX5 Olher deblcws Prepayments and acc¥1 IrMe 540.554 7.462 491733 18.819 1.11JO 548.016 511.852 13 Credbtors: amounts falling due within one year 2024 2023 01[ taxabon awKI SCKyal serV TTrde credilots Oiher uediiors Acc1$ and delerr8d ir&rme 11.765 593,297 45,662 12.303 438.665 35.433 653.724 489.401 19-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 14 R•8trlctod fvnd8 The resliKted fwd5 of the chaiity ¢x¥nprise the unexFended balarS of dLMations and granls held on Irusl subjéel lo specrfr wndrtkS by donorn as to they may be useil. Al 1 JJnu•ry Incoming Resources 2024 mourco8 •xpond•d Transfers At31 Doc•mb•r 2024 625 943,99) 16251 (6.$30) APF FLNVJ 1937.4601 944.615 1937.460) (7.155) Prevlous year-. At l January In¢oming R?urCe 2023 resourcès •xpènd•d Tr¥nsfern At31 Décèmbor 2023 APF Fund .507 1950,8661 15.841) APF Fund This funij wnsists of fvThts ms$sn work lor and on behalf of the Charity lor Sl Joseph's MissK)nary So(Jeiy IGefierèlalel. Trafel5 Irom thts lund rewesent SYit#ytal conlributions IcYwaJd the costs of the reliiemenl horne. 1S unresln.cted funds The nestrICted lunds of Ihe thanly compfise the ur*xpended balances of donat$ anty grants which a not subiecl lo specific contJitKJns by donors and graniors as 10 how thèy may be used. These Intlude desigllaled furvjs whch ho been sel aside out of unresin(#ed lunds by the twstees for 5pecifvc PLKpose5. See the brBakdown of Ihe Deswated IK15 bekn¥'. At 1 January CO9 R•sourco8 2024 resourcK txpènded Tr•nsl•Y¥ Gain$ and losses A131 Dèetmbèr 2024 Retirement fvrtd Capilal lund Geneial lund5 16.943.133 6,724.921 6.689.646 856.960 11294,6321 841.975 17,347.436 6.724.921 7.024.762 550.177 1409.1221 7155 186.9(6 30.357.71Y) 1.407.137 11.703.754) 7.155 1.028.881 31.097.119
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unrn¥tri¢t fund¥ Icontlnuedl Prèvlous yèar.. At 1 January 2023 Incoming ourcgs Rèsollrces gxpend•d Transt•rs Gains and At31 Otctmbor 2023 Retirement fund Caixtal fund General ld$ 16.863.642 6.724.921 6.580.269 741.8C (226.1311 1866.4081 430.225 16.943.133 6 724.921 6.689,646 487.159 (1.312.259) 872.249 62.22B 30,168,832 1,228, (1.538,3901 5,841 492.453 30.357,700 Capital fund This represen15 the value ol the soaetys land and trKkqthngs. Rètlremènt fund Thi5 represent5 mon3 sel aside to lurKI fetirEYnenl 51S for memtef3 b)th al Hertjert Hou¥¢. lh¢ rttifemenl home, and those in resdenee. un$t10¢td funds The total UnrestrKted Fund5 of the thanty are £31.097,11912023.' £30.357.7001. This total ts comprised ol the £24,072.357 12023 £23.668.0541 Deygnated funds that are shown above and £7.024,76212023". £6.689.646) of G¢n?ral unrestnde(l (urKIs. 16 Related party transactions Trnn$act6on$ wlth tslatèd partfiè$ Duong Ihe year the c"ty enleied into followvvJ transact$ with relaled parts'. During the year the tharity paKI over £596.01412023". £508.8601 in donalions lo supwrt the Charity for Sl Joseph s Miss¥)nary s(lety IGeneraLglel MIS0n actitS. Al Ihe ye8r end. £291,234 12023.. £283,730) 15 owed to the Charity for St Joseph s Missionary Socj'ety (Gwralatel. £393.4101£2023".£283,3701 is included in creditors and £102.176 12023 £[) is wKluded in debtors. lhoUgh British Region and Generalate do not share any common Ttuslees. Ihey ¢) work c*)sely with eath otlv and are deemed lo be related pattie5 r th'Sdo$U purpose5. 21
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Cash absorb•d by op•ritloM 2024 2023 Swplus for the yèar 739.419 188.868 Adjusknents for: InvestEllt iome recognised statement otfmancial actiwties Gain on disposal of tangible fixed assets Gain on diswsa ol Investments Fair value gains and k)sses on investments otprecrdti and impaiiment Dftsngible fixed a$sets 1738.863) (Boo) (1.570) (1.027.311) 26.191 1687.3041 12.8831 140.4811 1451.9721 23.808 Movements in working capital: Ilncreasel doblors Inueasè in credit(Ys 136.363) 164.323 (21.0491 5.467 Cash absold by op•rntlon8 {874.974) {985.5461