Charity registratlon numbèr 220690 IEngland and Wale$l Charlty règFStration number SC039809 Iscotlandl CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rev S Bollo Bro E Slawinski Rev D Byrne Charity numb•r (England and Wale51 220690 Charity nLtmber Iscodandl SC039809 Prlneipal address High Thom Pittinglon Road Rainton Gale Houghton le Spring DH5 9RG Auditor Robson Laidler Accountant5 Limited Fernwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Bankèrs Barclays Bank plc Corporate Banking C&nlre PO Box 229 Navigation Way Preston PR2 2XY Investment advisors Brewin Dolphin 12 Smilhfield Street Loridon EC1A9LA Oikocredil Ecumenical Development Cooperative Society U.A. Berkenweg 7 3818 LAAmersfool The Netherlands Charles Stanley & Co. Limited Ropemaker Place 25 Ropemaker Street London EC2Y 9LY
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) CONTENTS Pag• Trustees, report Independent audilorfs report Slalement of financial activities 9-10 Balance sheèt 11 Statement of cash flows 12 Notes to the finantyal statements 13-22
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present ltteir annual report and Iinancial statements for the year ended 31 Dernber 2025. The financial slalements have bèen prepared in accordance with the accounting policies set out in note 1 to the Inancial Statements and comply with the charity's governing document, the Charities Act 2011, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 la5 arnendedl and Acoounling and Reporting by Charities.. Statement of Recommended Piaotice applicable to eharilies preparing their accoun15 in accordanee with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectives and activities Introduction Sl. Joseph's Sooiely for Foreign Mi55ions was founded in 1866 by Cardinal Heibert Vaughan at Mill Hill in London. The Society is an 'inlernational fellowship of Missionaries" dedicated to the work of evangelisation, lo the building up of young Churches, & to the assisting of Churche5 in special need outside our home regions. Member5 of the Society are expected to leave their own country & culture & to be involved In pioneering areas ol evangelisation. In Decetllber 2006 the Society's Generalate moved from Mill Hill lo Maidenhead following the sale of Sl. Joseph's College in Mill Hill which traditionally had been the principal training centre of the Society. Because of its historical foundation the Society & ils members are known a5 the Mill Hill Missiollaries. The Society is (>rganised into thrèè Missions.. the Europe & North America Mission Icornprising Great Britain. The Netherlands. Ireland, The United States. & the Gemian Speaking Region, encotllpassing houses in Italy & Auslrial, the Africa M15sion & the Asia Mission. Until recently It has diawn the majonty of ils members from Europe & North America. Today there are many candidates from East Africa. Cameroon, Congo. India & the Philippines. 11 has Nnission Areas in twelve countries - Kenya, Uganda, Sudan, Cameroon, Congo, South Africa, Pakistan, India, Malaysia, Philippinès. Brazil, Indonesia, & a pie5ence elsewhèrè in the world. The account5 accompanying this r8PQrt are the accounts of the Trust in which the assets of the Society's activities in Great Britain are vested & cover the activities of the British Region of the Society. The accounts of the Central Society weie historically incorporated with the British Region until 31s1 Deeember 2012. With effect from 151 January 2013. the Central Society separated from the Brit15h Region & now operate5 & reports as Charity for St. Joseph's Mi55ionary Society (Generalalel Charity Comtllission No. 1148980. The Charity lor Sl. Joseph's Missionary Society IBritish Regionl is governed by a principal deed dated 251h March 1929, & is registered at the Charity Commission No. 220690 & the Scottish Charity Regulator No. SC039809. Organisation In March 2012 undei a Charity Commission Scheme dated 12th March 2012 & a Deed of Amendment dated 13th March 2012 the Charity was rÈnaTned Charity for St Joseph s Missionary Soci8ty (British Region) ils objectives revis&d & four new Trustees were appointed replacing the above sole corporate Trustee. All the Trustees of the Charity for Sl Joseph's Society (British Region) are appointed by thè Bri115h Regional Coun¢il & are all Members of Sl Joseph's Missionary Society.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees Rev Dern)ot Byrne MHM Fr. Byrne ha5 been a full member ol the Soaèty since Novembèr 1991. He was ordained in Juné 1992 & elected Regional ()f the Brrtish Region 151 January 2017. Prior to being elected Regional he was working on the Society's Mission in Uganda. Rev Stephen Botto MHM Fr Botto has been z full member ol the Society since October 1990. He was ordained in June 1991 & is currently Bursai of the British Region since June 2011. Prior to being appointed Bursar he was following a course of further studie5 & has worked on the Society s mission in Catneroon. Bro EddSe Slawinski MHM Bro Slawinski has been a lull mernber ol the Society since April 1982. He is curienlly a member of the team making appeals & doing promotiofj work for APF - Mill Hill in England & Wales. He has previously worked on the Society's mission in Cameroon. Principle actlvities and alms The prinapal objectives of the Society as stated in the trust deed are.. Such chanlable purposes that advance the religious & othei charitable work of the Society including.. 1. Thé promotion, maintenance & support of the Society & ils members induding the education of those members 2. The relief of poverty and 3. The advancèment of the Roman Catholic Religion The Trustees Tnay use the capital & the income of the Charity in promoting the Objects. These objectives clearly stale the aims of the Society. Financial The Society adhere5 to stringent policies as outlined in the Global Financial Regulations Manual & d&lailed in the British Region Financial Regulations Manual. The Financial Statements for year ended 31 Decernber 2025 satisfy the Trustees with regard to the Charity's ability to continue to operate in future periods. The Trustees have given consideration to ongoing global conflicts & the negative effeGt these will inevitably continue lo have on investment market values & income. They have also considered the ever-increasing cost of living & the potential negative impact this has on dcinations as well as the Socièty overheads, particularly increased wage costs & running expenses. The Charity tnainlains General Fund Reserves & Relirement Fund Reserves separate to Land & Building Reserves lo ensure tranSpaneY of financial reports & lo enable consideration of future financial planning. The Appeal Fund does not hold reserves. all surpluse5 being tran5fetred lo the Charity for St. Joseph's Missionary Society (Generalalel Charity No. 1148980 lor funding of the Missions. N(> Reslricled FLsnds are held for year ended 31 December 2025. The Charity has an Investment Policy primarily aimed at maxirnising investment income whilst maintaining an ethical stance across a diverse range of asset class & security. The Charity will not invest in companies pursuing activities which are directly contiary lo the purpose of the Trust Deed & investment is avoided in cotnpanies where their main business activities are in the areas of pornography, armamentslmilitary equiprnent, gambling or tobacco. Investment Managers are in51ruoled lo follow the policy of 'safe' rather than 'speculative' investment whilst aiming lo achieve an overall inGome yield not less than 3.5 /0 annually. The Investment Policy is reviewed periodirally lo ensure continuing suilabilily. Ongoing financial planning, through detailed budgetary considèration, is focused on the following key areas.. The promotion. rnainlenance & support of the Society & its metnbers. including the education of those rrembers- these being reliant upon general donations, investment & legacy income The relièf of poverty. Ongoing review of practices, reinforcing the appeals team (both ernployed & voluntary) lo organisÈ APF Appeals throughout England & Wales, lo ensure the future sustainability of the Missions through both Red Box Donations & Covenant Donations The advancement of the Roman Catholic Religion.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Laws & regulations The Trustees acknowledge their duty to ensLJre that the Charity complies with charity law & with the requirements of the Charity Commission in England & Wales & the Officè of the Scottish Charity Regulator IOSCRI as well as their responsibility for ensuring the Charity does not breach any ol the requirements or rules sel out in the Trust Deed & the Constitutions of the Society. The Trustees appoint a qualified external auditor to verify the accuracy of accounts, procèsses & proeedures, lo minimise the potential for inaccurate accounting & potential fraud. The Trustees are aware of Iheii obligation lo report any sèrious incddenls lo the Charity Commission. Protection of Vulnerable Adults= The Trustees ensure ongoing compliance assessment to ensure the Soaety meets with the current legislative requirements as regards the Protection of.Vulnerable Adults. As well as complying with ils own 'Code of Conduct. & 'Safeguarding Guideline5' the Society alsts adheies lo the Safeguarding Guideline5 of the Catholic Church in England & Wales. The Society employs the professional services of a Oesignaled Safeguarding Lead IDSLI primarily responsible for managing safeguaiding concerns, acting as the rnain point of contact for extemal agencies & promoting a safe culture throughout the Sooety & its activities. Public Benefit The Trustees have consutted the guidance made available by the Charity Comrnissioll for England & Wales on the Public Benefit requirement of the Charities Act 2011. The Trustee5 ale confident that they have complied with their duty under the Charities Act 2011 in that they have had due regard to public benefit guidance published by the Cotntllission. In furtherance of the trust's charitable purposes for the public benefit the Iruslees give details of their adivilie5 in the following paiagraphs. Financial revlew Review of 2025 In 2025 thè British Region which comprises England, Wales & Scotland had 56 members of whom 20 werè retired118 In Herbert House, 1 in Mancheslei & 1 non-resident). 1 rnember is in the UK panding appointment- resident in Herbert House. Overseas: 3 members weie on missionary work ov&rsÈas. They were spread over 3 different countries.. Carneroon, Kenya & the Philippine Islands. The Society's Members work mainly in Parishes amongst people in need providing religious & hutnanilarian services. The lattèr includes urban projects such as rehabililaling drug users, helping displaced persons. working with the disabled, feeding schemes for d)ildien & in rural areas. projècts for women. England & Wales.. 1 member is working as the National Oirector of the Pontifical Mission Socielieslmissio for England & Vvales whilst 8 members were involved in raising missionary awareness & making appeals England & Wales. This work is carried out In Confluen with Missio (Regd. Charity 10566511 & collectively a lolal of £2,240,478 was raisèd in 2025 of which £896,191 wént lo the Society- an incrèase of 0.25Yfj on 2024 Imissio incomè from the South was up 2.6°A & Mill Hill income from the North was down 4.6Yo on 20241. 9 rnembers of the society weie working in parishes in England while 2 others were ehapl8ins lo hospitals. care homes, schoo15. & convents. One of the members working in a Parish is a150 the representative for MHM for safeguarding in England and Wales workin9 in conjunction with our professional DSL. There are 9 members of the region who are involved in management of the society13 British Region & 6 GenÈralale}.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Scotland: Trustèes Report 2025 3 members were involved in raising missionary awareness & tnaking Mission Appeals in Scotland as part of the Mission Deanery Appeal set up orgariised by Missio Scotland. In 2025 they visited 32 parishes. Due to the declining numbers of diocesan priests. they also visited 8 paiishes regularly on supply as well as providing a daily supply lo neighbouring Nazareth House Nuising Horlle. The Society rnagazine for Scotland {Sl. Joseph's Advoc8lel was published twice during 2025 together with one calendar. As w@11 as providing reflectionlreligious retreat day5 & evenings, oui tnembers also visited schools & worked with other groups belonging to the Catholic Church in Scotland - Serra, Lourdes Hospitalite & Ltsurdes Nurses, all of whom use Cardonald house for their meelin9S. A Centring Prayer Group continues to be held every Tuesday & on Wednesday evenings we have Faith Development Sessions given by Fr. Beinard Fox. The proceed5 of a Prize Draw (Friends of Mill Hill) held in 2025 went lo Food Project. Cambodia. There are also various fundiaising activities throughout the year to raise funds for Mill Hill missionary work abroad. Vve have an annual Novena to St. Joseph & Holy Souls in November. Cardonald provides a base for any Scollish Mill Hill Missionaries visiting on Horne Leave. Fr. Bemard Fox is also the safeguarding link in Scotland. Fr. Mark Gonnolly works on the Deanery Evangelisalion Sub Committee. Reserve$ policy It is the policy of the charity lo ensur& that unrestricted funds which have not beell designated for a specific use should be maintained a5 liquid assèts al a minimum level equivalent to twelve month's expenditure (inclusive of Herbert HoLJS@}. The remaining balances of unrestricted fund5 will be held as investment portfolio'5 to ensure the maximum dividend return which is the main source of income for the unrestricted (Generall funds held. The trustees consider that resetve5 held al this levèl will ensure that, in the event of a signific3nl drop in income, they will be able lo continue the charity's current activities while consideration is given to way5 in which additional funds rnay be raised. Risk policy In line with the requirements for Trustees to undertake a risk assessment exerase & give an account of this in the report, the Trustees have looked at the risks the Institute faces in England & have reviewed the measures already in place lo deal with thetn. The Trustees have identified Ihe following main areas whère risks may occur. The General Counc41, supported by the Finance Council & Financial Secretary. is responsible as regards finance t the following.. Approve the annual budget Approve the anriual financial report Approvè the purchase or sale of landlproperty Grant requeslslprojects for members in need & non-MHM's Appoint external auditor for annual auditing Approve the Global & Regional Financial Manuals All decisions regarding financial matters & properties musl be made in line with the Constitutions & Directives of the Society. Thè Trustees may only act within parameters sel by the General Gouncil & as outlined in the Financial RegLJlations Manual. There is no formal induction training for Trustees. Ernployees are only aulhorised to a¢t within the parameters of Iheirjob description & no employees ale responsible for financial decision making at any level.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 Plans for future periods In addition to the continuation of its current activities a number of specific project5 are envisaged. To SLJPPOrt the British Region Members in their missionary work overseas. To provide lor thè retirement & health needs of Members of the British Region. To promote overseas mission in the British Region. Structure, governance and manag•m•nt Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorpoiated ¢haiity. The trustees who served during the year and up lo the date of signature of tho financial 5taternents were.. Rev S Botto Bro E Slawinski Rev D Byrne Statement of trustees. responslbillti•s The trustees arB responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 {United Kingdom Generally Accèpted Accounting Practicel. The law applicable to charities in England and Wales and in Scotland requires the Iruslees lo prepare financial slalements for each finaricial year which give a true and fair view of the Stale of affairs of the charity and of the incoming resources and application of resOurS of the charity for that yeai. In preparing these financial statements, the trustees are required lo.. seleet suitable 3c¢ounting policies and then apply thern consislenlly., observe the methods and principles in the Charities SORP.. ake judgernents and estimates that are ieason8ble and prudent., slate whether applicable accounting standards have been followed, SLJbje¢t lo any Tnalerial departures disclosed and explained in the financial slalemenls., and prepare the financial slalernenls on the going concern basis unless il is inappropriate lo presume that the charity will continu8 in operation. The Iruslees are responsible for keeping sufficient accounting records that disclose with reasonable aocuracy at any lime the financial position of thè chaiily and enable them to ensure that the finan¢ial statements cornply with the Charities Act 2011, the Chaiity (Accounts and Reportsl Regulations 2008. the Charities and Trustee Investment Iscollandl Act 2005. the Charities Accounts Iscotlandl Regulations 2006 and the provisions of the trust deed. Théy are also Fesponsible for safeguarding the assets of the chaiily and hence for taking reasonable steps for the prevention and detection of fraud and othor irregularities. The trustees, report was approved by the Board of Trustees. Rev S Botto Trustèè Dale.. 13.-..S.-..Ao2.&.........
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) Opinion We have audited the financial slalements of Charity For St Joseph's Missionary Society (British Règion) (the '¢harity I for the year ended 31 December 2025 which comprise the statement ol financial activities, the balan sheet, the statement of cash flows and note5 to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The FinanGi81 Reporting Standard applicable in the UK and R8publiG of Ireland (United Kingdom Generally Accepted Accounting Practi1. In our opinion. the financial slalements.. give a true and fair view of the state of the charity's affairs 85 al 31 Dember 2025 and of its incoming resources and application ol resources, for the year then ènded.. havè been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practicé". and have been prepared in accordance with the Ch8flties Act 2011. the Charities and Trustee Investment (Scotlandl Act 2005 and regulation 8 of the Charities Accounts Iscollandl Regulations 2006. Basi$ for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Aiiditors responsibilities for the audit or th$ financial statements section of our report We are independent of the charity in accordance with the ethical requirements that ale relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and wè have fulfilled our other ethical responsibilities in accordance with these requiretnenls. Vve believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu¥ions relating to going concern In auditing the financial statetnenls, we have conduded that the trustees, use ol the going concem basis of accounting in the preparats'on of the financial statements is appropriate. Based on the work we have performed, we have not identified any rnaterial uncertainties relating to even15 or eondilions that, individually or collectively. Way cast significant doubl on the charity's ability to continue as a going concem for a period of al least fvlèlve months frorn when the firTrancial statements are authorised foT 155ue. Our responsibilities and the iesponsibilities of the tiuslees with respect lo going concern ale described in the relevant sedions of this report. Other information The other information comprises the information included in the annual report other than the financi3151alements and our audilorfs report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the finanGial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility 15 to read the other information and. in doing so, consider whether the other information is rnalerially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appeals to be materially tnisstated. If we identify Such material inconsistencies or apparent material Tnisstalemenls, we are required tc> dètermine whether this gives rise to a material misstatement in the financial statements themselves. 11, based on the work we have performed. we conclude that there is a material misstatement of this other information. we are required to rèport that fact. We have nothing to report in this 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 we are required to rèport by exception We have nothing lo report in respect ol the following matters in relation to which the Charities IAccounts and Reports) Regulations 2008 and the Charities AccoLJnls (Scollandl Regulations 2006 rèquire u5 to report to you if, in our opinion.. the information givèn in the financial statements is inconsislenl in any material respect with the trustees. report., or sufficient and proper accounting records have not beèn kept". or the financial statements are not in agreement with the accounting reoords., or we have not reiVed all the information and explanations we requir& for our audit. R•spon$ibrlities of trustees As explained tllore fully in the statement of Iruslees, responsibilities, the ttustees are responsible for the preparation of the financial slalemenls and for being sa115fied that they give a true and fair view, and for such internal control as the tIU51ees determine is neSSary lo enable the preparation of financial statements that are free fiotll material misslalement, whether due to fraud or error. In preparing the financial slalements, the trustee5 are responsible for assessing the charity's ability lo continue as a going concern. disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either Intend lo cease operats'ons, or have no realistic altetnalive bul to do so. Audito5 responsibilities for the audit of the financial statemènt5 We have been appointed as auditor Ljnder sedion 144 of the Charities Act 2011 and section 4411llcl of the Charities and Trustee Inveslrnent Iscotlandl Act 2005 and report in accordance with the Ac15 and relevant gUlationS rnade or having effe Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial statemen15 85 a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor'5 report that includes our opinion. Reasonable as5uranoe is a high level ol assuranoe bul is not a guarantee that an audit conducted in accordan¢e with ISAS IUKI will always detect a material misslalernenl when it exists. Mi5slalements can arise from fraud or error and are considered material rf, individually or in the aggregate, Ihey could reasonably be exp6cted to influen the economic decisions of user5 taken on the basis of these financial slalements. The extent to which our prOdureS are capable of dètecting irregularities, including fraud. is detailed below. The risk of material misstatement due lo error or fraud has been assessed in conjunction with how internal controls m8y miligale any such risk. These controls are reviewed as part of the audit by performing 5yslerlls walklhroughs lo ensure they are operating effectively. Analytical review and substantive testing is also performed on all material balances and thèrefore any instances of non-oompliance should be identifièd or ¢onsidered as insignificant. In identifying and assessing risks of material ffli55lalement in respect of Iiregularilies, induding fraud, the audit engagement team,. obtained an understanding of the nature of the illduslry and sector, including the legal and regulatory framewoik. in which the charity opèrates and how the charity complies with that legal and regulatory framewoik inquired with rnanagemenl and those charged with goveinallce about their own idÈntrfi¢ation and assessment of the iisks of irregularities, including any know actual, suspected or alleged instances of fraud discussed with management and those charged with governance any non-oompliance with laws and regulations and how fraud might occur including assessments of how and where the financial statements may be 5U5ceplible to fraud. The risk of management ovèrride of controls was also considered an area of potential misstatetnenl due to fraud. Audit procedures performed included testing of manu81 journal entries and other adjuslmenls and evaluating the businèss iationale in relation to significant. unusual transactions and transactions entered into outside the nortnal course of business.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) There are inhèrent limitations in the audit procedurès described above and the primary iesponsibilily for the preventitsn and detection of irregularities including fr3ud iesls with managernent. As with any audit. there remained a risk of non-delection Df irregularities. as these may involve collusion, forgery. intentional omissions, misiepiesenlations or the override of inteinal controls. A further description of our iespon5ibililies is available on the Financial Reporting Council's website at". https.'Il www.frc.org.uklauditorsresponsibililies. This description form5 part of our auditor's report. Use of our report This report is made solely to the charity's Ituslees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulslion 10 of the Charities Accounts Isoollandl Regulations 2006. Our audit work has been undertaken so that we might stale lo the charity's trustees those matters we are required to state lo them in an auditor's rèport and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the ch8rily'5 trustees as a body, lor OLJr audit work. for this report, or lor the opiniolls we have fomed. Nicholas Cunningham Msc Bso FCCAISenior SlatutoryAuditorl For and on behalf of Robson LaidlerA¢countants Limited. Statutory Auditor 14-5.£tb£ Femwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Robson Laidler Accountants Limited is eligible for appointment as auditor of the Charity by virtue of ils eligibility for appointment as auditor of a company under section 1212 of the Companiès Act 2006.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Current rinancial year Unrèstrlctéd funds 2025 Restricted funds 2025 Total Total 2025 2024 Notes Income and èndowments from: Donations and legaceS InvestTllen15 Other income 448.519 737,483 11,477 1,008,101 1,456.620 737,483 11,477 1.612,089 738.863 800 Total income 1,197.479 1,1)08,101 2,205,580 2.351,752 Expenditurè on= Raising funds Gharilable activities 108,724 1,833, 104 297,326 705.242 406.050 2,538.346 408.173 2,233.041 Total •xp•nditure 1,941,828 1.Q02,568 2.944,396 2,641,214 Nèt gainsl{lossesl on investments 1,807,759 1,807,759 1.028,881 Net income 1.063,410 5,533 1,068.943 739.419 Transfers belweeTI funds 5,533 15.5331 Net movement In funds 1.068.943 1.068,943 739,419 Reconciliation of funds.. Fund balaneès at 1 January 2025 31,097,119 31.097.119 30,357,700 Fund balances at 31 Dècomber 2025 32,166.062 32,166,062 31.097.119 The statement of financial activities includes all gains and losses recognised in the year. All incorne and expenditure derive from continuing activities.
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Prlor financial year Unrestrictsd funds 2024 Restricted funds 2024 Total 2024 Notes Incomè and endowments from= Donations and leg3cies Investments Other inoome 667.474 738,863 800 944,615 1,612,089 738.863 800 Total income 1,407.137 944,615 2,351,752 Expendlture on: Raising funds Chaiilable activities 106,177 1,597,577 301.996 635,464 408,173 2,233,041 Total •xpenditure 1.703.754 937,460 2,641,214 Net gainslllossesl on investrnents 1,028,881 1,028.881 Net income 732.264 7.155 739,419 Transfers between funds 7,155 {7,1551 Net movement in fvnds 739,419 739,419 Reconciliation of funds.. Fund balances at 1 January 2024 30,357,700 30.357,700 Fund balances at 31 December 2024 31,097,119 31.097,119 10-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 Note5 Fixed assèts Tangible assets Inveslrllenls 10 11 6,813.205 24,742,942 6.809,737 23,089.997 31,556.147 29.899,734 Current assets Debtois Cash at bank and in hand 12 518,679 922,645 548.016 1.303.093 1,441.324 1,851,109 Creditors= amounts falllng due within onè year 13 1831,4091 1653.7241 Net currant assets 609,915 1,197.385 Total a35ets less currènt liabilities 32,16e,062 31,097.119 The funds ofthe charity Unrestrietéd funds 15 32,166,062 31,097,119 32.186,062 31,097,119 The financial stslemenls were appioved by the trustees on .L3.-5_..2o.2 é Rev S Botto Trustee
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 202S 2024 Notes Ca$h flows from operating activities Cash absorbed by operations 17 11,244,953) 1874,9741 Investing activitlos Purchase of tangible fixed assets Proceeds frotn disposal ol tangible fixed assets Purchase of investments Proceeds from disposal of investments Invéstrnenl irTrcome received 139.269} 135,0501 11,477 14.578,592) 4.733,406 737.483 800 16.051.838) 5,807.289 738,863 Net cash genèrated from invèsting activities 864,505 460,064 N•t cash generated from financing activlti•s Net decreasè In cash and cash èquivalents 1380.4481 1414,9101 Cash and cash equivalents at beginning of year 1,303,093 1.718.003 Ca¥h and cash oquivalents at end of year 922.645 1,303.093 12
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountirjg policies Charity informatlon Charity For Sl Joseph's Missionary Society (Brrtish Region) is an unincorporated charity {charity nutllber 220690 IEngland and Wales) and SC039809 Iscollandll. The principal office is based at High Thorn, Pittington Road. Rainton Gale. Houghton le Spring. DH5 9RG. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing docLJmÉnl. the Charities Act 2011, the Charities 2nd Tiustee Investment (Scotlandl Act 2005. the Charities Accounts Iscollandl Regulations 2006 las aménded). FRS 102 "The Financial Reporting Standard applicable In the UK and Republic tsf Ireland. I'FRS 102.1 and the Charities SORP Accounting and Reporting by Charities.. Statement of Recomrnended Piaclice applicable to charities preparing their accounts ill aordanCe with thè Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 1021" leffeclive 1 January 20191. The oharity is a Public Benefrt Entity as defined by FRS 102. The Iinancial statemellls are prepared in sterling, which is the functional currency of the chaiity. Monetary amounts in these financial statemènts are rounded to the nearest £. The financial statements have been prepar6d under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going Concem The financial statements have been prèpared on a going eon¢ein basis on the ground that current and future SoUrS of funding or support will be more than adequate for the charity's rTreeds. The Trustees have collsidered a period of 12 months from the balance sheet dale and consider no further disdosures relating to the charity's ability lo continue as a going concern need lo be rnade. 1.3 Charitable funds Unieslricted funds are available for use al the discr&lion of the trustees in furtherance of their tharitable objectives. Restricted funds are subject lo speoific conditions by donois or grantor5 as lo how they m3y be used. The purposes and use5 of the restrieled funds are set out in the notes to the financial statements. Endowment fund5 are subject to specific conditions by donors that the capital must be rnainlained by th¢ charity. 1.4 Incoma All income is r8cognised in the Stslement of Financial Activities once the charity has entillemenl to the funds, it is probable that the incoTne will be received and the arnount can be measured reliably. The following policies apply lo the specific incotne streams.. 1} Donations are wognised when the Trust has been notified in writing of both amount and settlerment date. 21 Legaaes ale recognised on a case by case basis following the granting of probate whèn the administrator for the estate has commLJnicated in writing both the amount and the settlement date. 31 Interest on funds held on deposit is included when receivablé and the amoLJnt Can be measured reliabty. 4) Dividends are recogni5ed once thè dividerTrd has been declared and notific*ion has been rec&ivèd of the dividend due. 13-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policl•s (Continued) 1.5 Expenditure Liabilities ale recognisèd as expenditure as 500n as there is a legal or constructwe obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in settlèment and the afflount of the obligation can be mèasured reliably. Expenditure is accounted for on an accruals basis and ha5 been classifièd under headings that aggregate all cost related lo the category. Where Costs cannot be directly attributèd lo particular heading5 they have bsen allocated to activities on a basis eonsislelll with the use of SourCes. 1.6 Tangible flx•d a$sets Tangible fixed assets are initially measuièd al cost and subsequently measured al cost or valuation, nel of depiecialion and any irrpaimient lossès. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings Motor vehicles not provided 25.kn straight liné 25Q/o slraighl line The gain or10ss 8rising on the disposal ol an assét is determined as the difference belween the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Fixed assèt investments Fixed asset investments are initially measured at transaction pri excluding transaction eosls, and are Subsequently measured al fair value al each reporting dale. Chang6s in fair value are reoognised in net incomellexpÈndilurel for the year. Transaction costs are expensed as Incurred. 1.8 Impaimient o* fExed assets Property, plant and equipment are reviewed for impairment if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared against its ¢arrying amount. Where the estirnated recoverable amount is lower, an impairment loss is recognised immediately in the StatÈmÈnl of Financial Activities. 1.9 Cash and cash oquivalents Cash and cash equivalents indude cash in hand, deposits held al call with banks. other short-term liquid investrnents with origin31 maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Taxation The charity 15 exempt from lax on its charitabl8 actiwlies. 1.11 Retirement benèfJt5 The charity operates 3 defined contribLJlion pension schème. Contributions payable lo the charity's pension scheme are Charged lo the Statement of Finanaal Activities in the period to which they relate. 1.12 Short tsmi debtors and creditors Debtors and creditors with no interest rate whieh are receivable or p3yable within one year are recorded al transaction price. Any 1055 arising from impairment are recognised immediately in the Statement of Financial Activities. 14-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY {BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Icontinuedl 1.13 Investments Quoted investments are slated in the financial statements at their market value on the balaneè sheet dale. Market value represents the rnid-markel value priee of quoted inveslrnents on the relevant day. The resulting unrealised surplus or deficit is credited or debited to the Statement ol Finanaal Activities. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Total Unrestricted R8Strict&d funds funds 2024 2024 Totsl 202S 2024 Donations and gifts Legacies Masses said Salaries, stipends & pensions 120.519 34,909 92,980 970.005 1,090,524 38,096 73,005 92,980 120,668 200,695 101,939 943,990 1,064,658 625 201,320 101,939 200,111 200,111 244,172 244.172 448,519 1,008.101 1.456,620 667,474 944,615 1,612.089 Expènditure on raising funds Unrestricted Restrictsd fLsnds funds 2025 2025 Total Unrestricted Restrfctèd funds funds 2024 2024 Totsl 2025 2024 Fundraising and publicity Personal and external boarding allowances Promotional costs and appeals Office costs Sundries Travel and motor costs Staff costs Depreciation and impairment 42,090 42.090 44,475 44.475 6,619 92,803 2.235 99.422 2.235 1,349 31,146 109,664 9,968 92,633 2,208 1.526 42.941 108.741 102.601 2.208 1,843 42,941 108,741 38 317 31.146 109,664 18.077 18.077 9,472 9.472 Fundraising and publicity 6,657 297,326 303.983 10,285 301,996 312.281 Inveslmenl rnanagement 102,067 102,067 95,892 95,892 Total costs 108.724 297.326 406.050 108,177 301.996 408,173
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expenditure on charrtable activities Charitsble activities 2025 Charltable activities 2024 Direct costs Staff costs Rent alld rates Insurance Light and heat Telephone, postage and stationery Repairs and maintenance SLindries Retirement oosts 797.837 46,273 20,993 114.995 11,470 101,154 28,065 129,900 734,551 42,198 20.057 173,113 12,513 75.659 34.484 140,583 k 11 Chapel expensès Household costs Motor and Iiavel Medical expense5 Personal allowances Regional external allowances Contribulons to Generalate Overseas allowan5 1.949 108,412 29,724 10.721 32.700 18,600 925.842 29,400 2,094 125.698 23.714 13,587 36,000 17,720 596,014 39,450 2,408,035 2,087.415 Share of support and govemancè costs (see note Sl Support 130.311 145,626 2.538,346 2.233,041 Analysis by fund Unie51ricled funds Reslri¢led funds 1,833,104 705,242 1,597,577 635,464 2.538,346 2.233,041 16-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support costs allocated to activities 2025 2024 Staff costs Depreciation Telephone Postage and stationery Subscriptions Sundries Motor. travel and meeting costs Professional costs Audit lees Bank charges 29,952 17,724 1.475 12,627 17,406 3.620 6.362 32.111 9,000 32 36.126 16,719 1,419 12,942 10.988 3,869 8,543 42,720 8,700 3,600 130,311 145,626 Analysed beeen.. Charitablè a¢livities 130.311 145.626 Net movement in funds 2025 2024 The net movement in funds is slated after chargingllcreditingl.. Fees payable for the audit of the charity's financial statements Depreciation ol owned tangible fixed assets Profit on disposal of tangible fixed assets 9.450 35.801 111.47n 9,000 26.191 18001 Trusteès None of the trustees lor any pérson5 connected with Iheml received any remuneration or benefiis from the charity during the year. Trustees Ovring the year the Tnjstees rèceived living and boarding allowances totsling £11,700 12024.. £11,700). In addition, in the current and pievious year the charity paid certain travel and medical expenses on behalf of the Trustees and provided the Trustees with the use ol a vehicle and living accomrnodation. All these Costs were in relation to the Trustees duties as missionaries father than in relation to their duties as a TrLJslee. During the year Bro E Slawinski. a Iiuslee of the charity, sold his vehide to the charity for £4.781, representing ils market value at thè dat8 ol s81e. 17-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Administrative and fundraising Domestic. cleaning and catering 26 27 Total 33 33 Employment co$ts 2025 2024 Wages and salaries Social security costs Other pension costs 852,875 69.715 14.863 810,042 55,737 13,639 937,453 679,418 The Trustees consider that no key management received ietnuneialion in either the current or previous year. There were no employees whose annual rernuneration was more than £60,000. Taxation The charity is exempt from taxation on ils aclivilie5 because all its income is applièd for charitable purposes. 18-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Tangible fixed assets Freehold land Fixtures and and bulldings fittings Motor vehlcles Total Cost At 1 January 2025 Additions Disposals 6,724.921 14,636 1,080 302,996 7.042,553 38.189 39,269 133,3971 133,3971 At 31 December 2025 6,724.921 15,716 307,788 7,048,425 Dèpreciation and impaimient Al 1 JanLJary 2025 Depreciation charged in the year Eliminated in iespeol of disposals 8,381 3,749 224,435 32,052 133,3971 232,816 35,801 133,3971 Al 31 December 2025 12,130 223,090 235,220 Carrying amount Al 31 0eMbér 2025 6,724,921 3,586 84.698 6,813,205 At 31 December 2024 6,724.921 6,255 78,561 6.809.737 11 Fixed asset investmènts Llsted Investmènts Cost or valuation At 1 January 2025 Additions Valuation changes Disposals 23.089.997 4.578.592 1,807,760 14,733,406) At 31 Dernber 2025 24.742,943 Carrying amount At 31 December 2025 24,742,943 Al 31 Dècember 2024 23,089,997 19-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Dèbtors 2025 2024 Amounts falling du• wlthln onè year.. Trade debtors Other debtors Prepaytnents and accrued income 476,672 16,425 25,582 540,554 7,462 518.679 548,016 13 CredTrtors'. amounts falling due within onè yèar 2025 2024 Other taxation and social security Trade credilois 'Othei ereditors Accruals and deferred income 14.468 767,772 37,573 11,596 11,765 593,297 45.662 3,000 831,409 653,724 14 Restricted funds The restricted funds of the charity cornpiise thé unexpended balances of donations and giants held on tiust subject to specific conditions by donors as lo how they rnay be used. At 1 January 2025 Incoming resources Resources expended Transfèrs At31 D•c•mber 2025 APF Fund 1,008.101 11,002,568) 15,5331 Previous year: At 1 January 2024 Incoming rèsources Re30ur¢es expended Transfers At31 Decembèr 2024 APF Fund 944,615 1937,4601 17,155} APF Fund This fund consists of funds for mission work collected for and on behalf of the Charity for Sl Joseph's Missionary Society (Generalatel. Transfers from this fund represent additional contributions toward the costs of the ieliretnenl home. -20-
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 15 Unrèstrlctsd funds The unrestricted funds of the charity eomprise the unexpended balances of donation5 and gran15 which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel a51de tsut of unrestrieted funds by the trustees for specific purposes. See the breakdown of the Designated funds below.. At 1 January 2025 Incoming resources Resources expended Transfers Gains and lo$$es At31 Dècèmbèr 2025 Retirement fund Gapilal fund General funds 17,347.436 6,724,921 7,024,762 743,532 11,256,600} 1,430,245 18,264,613 6,724.921 7,176,528 453,947 1685,2281 5.533 377.514 31,097,119 1.197.479 11.941,8281 5,533 1.807.759 32,166.062 Previous year: At 1 January 2024 Incoming resources Re50urc8S expended Transfers Gains and losses At31 December 2024 Retirement fund Capital fund General fund5 16,943,133 6.724,921 6.689,646 856,960 11,294.6321 841,975 17,347,436 6,724,921 7,024.762 550.177 1409,1221 7,155 186,906 30.357,700 1,407,137 11,703.7541 7.155 1,028,881 31,097,119 Capital fund This represents the value of the society's land and buildings. Retlrement fund This preSentS monies set aside to ftjnd retirement costs for members both at Herbert House, the retirement horne. and thosé in rèsidènee. Unrastricted funds The totsl Unreslii¢ted Funds of the charity are £32,166,06212024.' £31,097,119) This total is comprised of the £24.989,53412024" £24,072.3571 Designated funds that are shown above and £7,176,52812024'. £7,024,7621 of General unrestricted funds. 16 Related party transactions Transactions wtth r•latèd partles During the year the charity entered into Ihe following transactions wlh related parties.. 21
CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 16 Related party transactions Icontinuedl During the year the charity paid over £925.842 12024". £596,014) in donations to support the Charity for Sl Joseph's Missionary Society (Generalalel mission activities. At the year end, £576,649 12024.. £291.2341 is owed to the Charity lor St Joseph's Missionary Society (Geneialatel, £576,6491£2024'.£393,4101 is included in cieditors and £nil 12024'.£102,1761 is included in debtors. AllhoLJgh the British Region and Generalate do not share any common Trustees, they do work closely with each other and are deemed to be related parties for di5o105uie purposes. 17 Cash absorbed by operation3 2025 2024 Surplus for the year 1.068,943 739.419 Afljustments for.. Investment income recognised in statement of financi81 activities Gain on disposal of tangible fixed assets Gain on disposal of Investments Fail value gains and 1055es on investments Deprecizlion and impairment of tangible fixed assets 1737.4831 1738,8631 111.4771 18001 1201.9101 11,5701 11.605.849) 11,027,311) 35,801 26.191 Movements in working capital= Decrea5ellincreasel in debtors Increase in creditors 29.337 177,685 136,3631 164.323 Cash absorbed by Operations 11.244.953) 1874,9741 -22-