Charfty veyi9tr4tlon number 223318 (England and W¥l•$l OBLATES OF MARY IMMACULATE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 OBLATES OF MARY IMMACULATE LEGAL AND ADMINISTRATIVE INFORMATION Trusle8s The trustees are i1¢orwat￿ a$'Oblales ol Mary lrnmaculale Tnjsiees Regist8rrf. tha Iruslees of whth are a$ folkjws: Rev l Morastil OMI Rev L O'Reilly OMI ICh•r 12 June 2024) Rev L Phl(*Thn (Treasurer) Rèv V Parunanthu Rev R Warren Rev E Nurw.Yepez Rev M Moran IAppoTrnled 1 February 20241 ppointed 12 ￿ne 20241 {Appointed 12 June 20241 [A￿oInted 12 June 2024) Charlty nuM￿r 223318 Telephone 00 353 14541160 Fax 00 353 14541138 Web$its vAw.oblatès.iè prtncipal ¥ddro$8 Prov￿￿1 ResKJen¢e House ol Retreat Tyrconnel Road Inchicore Oubln 8 Ireland 008 P6K8 Audltor M*chell Charknvoth (Audrtl Suites C.D.E. & F 14th Fknor Thè Plaza 100 Okj Stre Liv8rpool L3 9aJ Bankern Nalwest Bank PLC co￿orate Bankin9 Chester and Noth INale5 CRT Union Streei Chester CH1 1UA Solicitorn Chafe5 Hague 131 lfjng Street Knutsford Cheghire VrfA16 6EJ OBLATES OF MARY IMMACULATE LEGAL AND ADMINISTRATIVE INFORMATION Farleys So[￿Or$ 196 Oeansgale Manchest M3 3WF Bawour and Mans SW Frfjde￿k Street Edinburgh EH2 1LS ImTeStmont advisor¥ Cazerw)ve Capitsl pA￿ageMe 1 Wal Place Lond EC2Y SAU OBLATES OF MARY IMMACULATE CONTENTS P•ge Tru5109s' report Slalemenl of trusleos. respOn￿l￿¥t￿3 12 lThJependenl a￿#￿0¢S reFM)rt 13- 15 Stalemenl of finawal a¢b%ibes 16-17 Balan￿ $h¢•t 18 Sialemenl of ¢a$h llows 19 Notes lo th8 finawal $tslements 20-34 OBLATES OF MARY IMMACULATE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEM8ER 2024 The Tmstees of Ihe MISS*)n￿ Otlates of Mary Immaculate present tri5 rewt and ar£ounts of thèAng40 Region of the An￿O-Irl$h for the year end￿￿ 31 C*cember 2￿24. The finanrAal statements have teen prepared ￿ ac¢Aydanr* the ￿￿UntIng pc**xs set rArt #i Mte 110 th& financjal statements and cOr￿ty wrfh the Twsl Deed, Ihe Charttses Act 2011 and 'Ac¢ounting and Reporting by Charities.. Slatemert of Recommended Prac11￿ app&cable to charrties preparing their acujunls in accord￿Ce Mlh the Fina￿al Rep￿1￿9 Standard applicable ￿ the UK ReputrAic of Ireland {FRS 102) {effective 1 J￿Uary 2019) The finawal stalgments have departed from lh• Ch*thés {Ac￿unIS and Rep)rts) RegulatTh5 2008 onty to Ihe extent roquired lo PrO￿de a IEue and fair MyAt. This deparbJr• has invofved followiThJ the Siatemenl ol Recommended PractirE for d￿ri￿"9$ applying FRS 102 rather than Ihe version of the Statement ol Recommended Pradice whth Is retsffgd lo in the Regllattons bul has sinc• been ￿thdr￿m. Introdu¢tion St Euyn• de Mazenod11782-18611 Founder ol thé hli55ionary Obtates C4nonised in 1994 by Pope John Paul 11 The Ccfflgregalion of ￿ Mis$h)nary Oblates ol Ihe Holy Immalrish Prownce of ￿ congregati￿ of the Mi$5iMwy OIAates rf Mary Inmnaodatè are hold and through which its fin8nees operate. The Oblates came lo Brilain in 1841 and to Ireland in 1856. In 2022. the Oblate mi55ion of Oenmark was accepted into the AngI￿1r1$h PTh1￿ as a Delegathon of theA￿1￿lnSh Pro￿nCe. They C￿prise of a self-sustaining MI￿Onary group of knr Oblates woth•vJ wlh mvJrant C4rnLmitios and the k)¢al thjrth in Dgnma In lem1$ of Civil Law. Ihe UK charity is govefned by a D¢dara¢K￿ of TFUSt dated 11th December 1937. The Charity received its Cerbfficate of Incorporal￿n from the Chanty Cornrnissh)n on 1&h Septemb•r 1997. The Charity is iegisl8red wth the Charily CommiMion EA￿and and thaiity nurnbw 223318. TP+e Irish and Danish sgclors rgport lo ther respecth Charty rewlators li their counlnes. OBLATES OF MARY IMMACULATE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Our Mlsslon- M￿510￿￿1￿ of Gods Alèrcy Profoundly respect#ig the dignty and &Vwedr￿ss of eath wrson and of creat*Jn, we seek to grow dosè to Christ and make him kn¢)wn through (¥Jr way of life IAÈ cM)nNt ourselves princapally lo ih05e on the margins of the thurdh. OurAims- Pmdaiming a Worfd Redeemed ty Chrisf's Lo In keeping with our charitsble obiectNe$ are proadive in: lostering dosÈ eonnections with people. building up sustainable r￿mUnIt*S of faith. • supporting ihe marginah.sed *)d the dwdvantaged • walking in solidarty with those marginah'set1 by society and tradiltonal thLtrch s1rudur￿$. SustsiNThJ Oblate fflissions and PWSOMel 0Vets￿ and in %bJathins of economic hardship w nalural di$a$ters. ' SUPPOtting our active Mer￿ wh) are si(* and retired. Oblat• C•ntr• ol Mi¥iion Oblate Cenlres of MissMJn are h)c8ted in Lonthjn. Crèwè. Ethnbl1￿. and Norfh Wales. These Centres of 'ssM)n duster together Oblate-njn partshes, mirMstr4e5. res¥len￿. rgltgal Cenlres. and communities for miSS￿n$ ih81 we in dose proximity lo eath other. Tlws fac*tates Ihe effective delNery ol our objectives through iharèd rÈsoLKCts persomel. and expwtse of Oblates and Lay Assooale5 assigned to those areas. The Centres of Miss￿n ¥e guided by the objectives of the chaiity and continualy reviewed by the Trustees. These objectives are Ihe pr￿rrt*S that guide the stralegK direction and aGbwties of the C¢ntres ol Mlssw)n. ensuring that reswces and effons are Ore(#ed tixard addressing wessing nEcds and fvlfillin9 cwr mission in a responwve al￿ inpadfvl mann•r. Le￿dON C•nti• of Ilission.. . Parish of the Saued Heart. Kkn. Lon(h)n. En Parish of the IMrn￿u￿e Heart of Mary, West Klbum London. Ensland Parish of the Enghsh M*tyrs. T¢M8f Hhl. Lonth)n. England De MazeMd House Spntuality Centrg, Towgr Hill Lon(kn. England H￿eY House. Quex Road. KJ"tsum. L￿￿1n. Entsnd . Cthst4iher House. Gddhwsl TerTrc*. Lonth)n. Engl* Angle5ey Centre of M￿s1)n'. P?￿h of HoFyhea¢YRh05neigr. Anglesey. ￿rth Wales . Parish ofAmkvcWBenlech. Anglesey. Nrrfth Walgs . Parish of 8eaLwnarislUaroefni. AryJlesey. North Wales Ccthryn Bay Centre of Mis$KIn. . Parish of cO￿n Bay and Old Cokvyn. Noth Wales Rushmere. Rhos-oTrSea Waks Edinbur￿ Centre ol missi￿.. Parish of L￿1h. EO"nI￿[gh. Scdland Cr8wa Centre ol M￿￿." . Oblate S￿lI1u*￿ and Retreat Centre. Hal. Crew8. England Publ1¢ Bemfit The charrty trustees are tsrnili* 7prilh the Charity Ccfflmissths GLidan¢e on pUb￿C ben8ffit. In 1heir deasions. plan￿ng aThJ implementations ol services there is a dear otqth io en$urÈ that the mrnisty, swwces works of tha chwity have a dear sorjal and benefit. The Injslees we keen lo ensure Ihal tlw financial resource$ invested In relyous and wial wgramm8s generate a dear relwjkxts and SfKial diwdend. OBLATES OF MARY IMMACULATE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 hI0￿M￿nts and p•rlomwn Parish Mlnlstry". Our Oblate-run ￿1$h•S across thè UK We Mibrant (wtres of tsth. pastty81 care. arKI community outrexh, promoting the Catholic fatth through religvxjs ¢elebr8b"ons *KI forMal￿N programmes that a¢¢ompany families and deepen lndiwdu￿s. belief and wiiness. We are responsible lor Ihe pastoral of e*Jht paiish ¢ommunilies located in London, Edinburgh. Cokyyn Bay, and Anglesey. where we welcomè ovèr 6.000 parishioners across our churd)e$ gach wwk. In athlilv)n to wular wJamental ￿"nd￿*.rwj dwty arbd knday Masses, bapli'$m$, mwiages. lunerals-we offer safe aNI sacred Spa￿ for prayer. guKJed wcKship. and refleclion. Our parishes h051 a ￿de range of faith and social inrtiatib*5: ad￿1 faith formation. youth mffiisty, bere8vemenl and elderfy support. food banks, welcome spaces for Wl and ￿temat￿)n groups (such as the AA, Gamblers Anonymous, SVdP conferences. Caritas. e¢U￿niCal groups, peopbe ol othet faths. boal authority initiatives and evenlsl. athse arKI infom)alion fowms for dders. siyiilu81 ac￿mpaniMe￿ts for couples, families. ￿d[￿dua1S and groups. and community rneals. We are also eroaged in Chaplai￿ wort with ks¢al sc*ool$. hospitals. seafarer5 lin Leith and Anglesey). rrugrant5 and refugees. prisons. and Tehgious convents wlKh significantty exterwjs our outreach. Across these miThstrt•s. we are supported by an estA)￿ted s￿)+ volunieets, whjse generous servi¢e ènabl89 liturgical, pastoral, and prac1￿1 athwties to lkn*tsh. RoL)tèd Mi our Oblale charism. we remain ommitted lo building ￿dUS￿e. Compasy￿ate cornmunitEs. especialty among the poor and margiialised. Rell•f of Pov•rty: The Oblates a￿ committed lo the rew of povwty Iluough both and indrect swport servicés thal raspond lo Ihe real￿85 of those we serve. ALY05S OUT parish and commwyty oulreath programm&s. we offer hospitality, welfare support. and professional advice, inc*Jding access to food banks. credri Unl￿$. le9al aid. housing advocacy. and counseliThJ. Many of our parishes are located in U￿an or rural setb.ngs thaiacterised by high leve15 of socjal and economK disadvantsge. wilh m￿lC￿31. ethnKaty dNerse populatNJns that indude low- skiled migrant communities. In Se￿1￿ b(*bMs, we arè Wrt￿"n areas ¥Jenlrfied in the Index of Multiplo Deprivalion IIMD) as "b8seline" and legacy Communit￿5. places often marked by limited acce55 10 opportunity. a predorrynance of 5eryu- arbd ￿s￿lIe￿ labour. general¥)nal hardshy. In response, our minisiries seek lo walk in solidarity wilh Ihos? affected by poveriy. off8m9 both pracb¢al &ssislance aThJ a pastoral PreSer￿e thal affirms dignity, foster$ solidarity in ￿der to bring about dwge and transformat¥Jn. Working in collabornlion with volunteers. trmployees. communrty partner5. aThJ 5Feoali51 ager￿￿s, we stsiv8 to be a langible svJn of hope and compassion among those most ￿ need. Adult Falth Forniat5on. Retreats & Lay4od Pastoral Lud•r8hlp: Adull fabth fomation and leadership devek)pmenl *e cen1ral to the Obla¢e fflission. Wg are ￿Mmit*d lo nurluring Matu￿ Christhan discipleship. equipw.ng lay people wrth the lools. o)nfidence, and thaoktgical grounding to lake on leadership roles in they communibes and within Ihe C￿rch. We offer parish￿ased programmes. wykshops. retreats that support ongoing f0m￿lKIn in Scrip￿re. liturgy. Catholic Social Tèachin9, and pastoral practice. Ow Retreat and Spiriluthty Cerrtres in London and Crewe host evenls that gnalAe reffledV￿, I?a￿r￿J. wvj Nvcat*vwl di5cemment for ad￿ seeking to grow in f&th and A ￿tal part of Ihis ministry is Ihe wort of tt￿ Frlends of St Eu9m￿. a lay movement inspired by Ihe SFifTt and charism of St Eugene de Mazenod. Members ￿MMit to t1eepeniNJ the Oblate 5piTiluality in Iheii own Iv4es and a￿ ac¢ivdy engaged in reachiNJ out *ith suprrt)rt and rare to ttK)se i) need within their lo¢* ¢LNnmunili?s. Many also yo￿nI￿ thèir knme and talents to suP￿rt piojeds owseas. embodying the Obkte mission ofconwassKJn. 5eryice. and solidarity Mlh the poor. Thg annual Oblato Lourdos Plgrimag• is a prim example ol an Oblale event orwi5ed. cc*)rdinaied and led by lay people. In 2024 we had over 400 pecple join the wlgiifflage Irrrfn Ireland. UK Denmark and Jwsey, with 60 who needed special care arnl supporL We ￿ Proud lo be a founder merter and ¥UPF￿er of the Contr• fw Th*ol(ryy & Communlty (CTCI. ba58d in the heart of East London. CTC brirwJs togelher churches from wty)us denominatw)ns traditions to engage in Community organising and theological fomiatiM. In 2024 we made a donation of £30.CQO to Ihg Centrg. OBLATES OF MARY IMMACULATE TRUSTEES. REPORT (cO￿riNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In 2023. through tho genwoW of a kngacy gift. we estabthshed a de(hcaled fvnd lo swjwt lay pwple in our Oblate Centres wh) wish to grow In th•* la.th and de¥￿ as in Ihe life and fflission of the Churth. Through various inrtFalives - whether k)¢01. $CLAnen￿l OT cros&border - we seek lo I￿) lay kaders who are spirrtualty gr￿ded, SOa￿ty aware. and actI￿ty enga￿d In buil(*'ng compa55ionale. ind￿Ne Comm￿)rtIeS shapèd by Gospel vahJ8s. In 2024 a number of grants were pw"d from this fund. Justlce. Poa¢• and Intsgrfty of Creation (JPICI: In keepirrfJ with our mission to sland with those on Ihe maryins and for ¢)ur ￿rnn￿n the Oblate5 Ifb the UK actNely promote juSt￿e, Peace and Inlegirty of Creath"on (JPICI through a wide range of pari5h*Jased and provin¢e-wKle iniliativ•s. Chjr JPIC Dirnctor collaborate5 Wth kncal parish JPIC 9rowJs to raise awareness of crilical social and ènvironm8ntal issues affecting communrties k*calty and glob￿ly. Thesè efforts indude th8 organisalion of liturgies. edu¢ath"onal wth$hops, and advorACy crn.gns on t0p￿S sueh as •nvironmental lust1￿. refugee $upport. pea¢ebu1d￿g, and social equity. In our rural parishes. h.ke Anglesey. we have ins•ctthi•ndly wlldflower meadows lo support blodiver5ity by encouraging the growth of b¥e and LKrtlerfy PoPLdalicrf￿ Our Retreat and Spinluality Centres arè also eX￿oI1ng more sustainable eneryy prn¢tk¢$. In Crewe, solar par￿lS havè been lists1￿d and greèn SP8CÈ5 mainta#ied to pro￿)te ecolog￿ aware￿. offering a peaceful en¥vonmenl for leamry. reflect￿n. and spiritual r¢n¢wal. Thrcugh the work of the Director of the Mission•ry Assoelatlon of Mary Immacvkite {MAMII. we ￿M41Th conneaed wtth our wider Oblate nelwork, supportv¥J devekwmenl prf4ects In economicalty disadvantaged reg￿n$. Récent mrtiatiV8s have inchjded emergency relief fry Gornmunlties alfected by drought and famine in Namibia. as well a$ fuThJing lor solar panel inStalati￿ in ¥ &1 Lankan community to support local sustainability and reduce enwgy poverty. These JPIC actiwbes. rooted In Catholic Social Teachng and our Oblale Char￿rn. seek lo Inspire ￿MpasSIOnate a¢tson. promote systsm¢ dw)gè. and uphcld th8 d¥Jnity of every person whle safeguaiding the inlegnty of eal'on. Mlaslon with Youth: In 2016. the Oblate C￿gregatI)n made a foqnal ¢rmiNtment to p*e ministy wrth young peopbe at the heart of our mis?￿￿. In the UK. this is expressed through ovi Oblate Youth S•Me• and a wid• range of wbrant youth rninisty in￿'ativeS based in our panshes provinc&wKle. IA* ara committed to walking with young people as they grow In l•th, Cmyn￿1ty. and seThKe. Ihey are not Iho fvlure Imrt an essential part of Ihe Church today. In 2024 the Promnce curnntty emkn ￿e lulktine Youth DIrec1￿ is ¢(Mnmirttd to appcintmg addNI'onal youth ministry staff by the end of 2025 lo f￿eT strengthen this outreath. Our mission with youth exlgnds into hKJher eduCa￿on through ¢xJr Invo￿ement In Ihe Chaplancy team al the UnNer%ty of London, whwg ￿ offer pastoral care and spiritual wjmpaniment to sludents Irorn (th4wse ba￿grour￿5. In 2024, Ihre• Oblates18d the Young Aduh Camkno Pagrimag• br 8 days duiing Easter week in Aprl, offering partiapanls a refflective journey of farfh. C￿mn￿nity. ￿ discemment ak*ng thè ar￿n1 Spanish route lo Sanbago. In Juty. we hosled a dynamic A(Iventurn Camp for tèenag8rs. focused on tea[TrI￿ld￿g. personal development. and exploring faith Ihrough nature and actNty-basÈd leaming. A com•rstone of our youth mini51ry is the Oblatè Youth SeNlce plgDmage lo Lourdes. where 65 Y¢￿9 Fe0P￿ a98d 17 to 30 generousty gave their Iwne lo aCcomp￿Y and car8 for Ihe sic* and infi￿. deepw)m9 sense of vocation. compassion. and service. Tknjghoul the year. we also a¢company young adth ￿ our pansh cA)mmunit*s and supporf young peop who have come from abroad lo work C￿ study, offering them welwne. fvndship. pastoral car&. The Oblalas who have joined the Provin¢e from countries suth as Poland. Ind￿. ￿. Lanka. t1￿ Philippin8s. and Mexico play vital role in this rnirmsty, offerlng ¢￿ty￿1 understanding, accornpan￿enL and a sense of belonging to rrmgrants and inlemational $ludèrtts from divèm backgrounds. Through all Ih858 efforls. we seek to nurturg lgadgthip, deepen stA'nt￿l engagemenl. Create spaces where youn9 people feel seen. heard, and inwred lo INe thwr failh with py. c4JnfKknce. and purFh)se. OBLATES OF MARY IMMACULATE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Communlutlon & Soelal klodl•: In response lo the 2016 General Chapterfs cal lo engage wilh fv "new AJeopagus" of digital Me(tha￿here so many, espeualty YoL￿g people. now seek ￿fO￿nat￿ffi. connect￿. and meanmg-th8 Oblatès in the UK and Irgland havg madg a conscious and ¢ommitte(l effort to be yesent on platlorms wrth aulhenliuty. joy, and purpose. In 2024 ￿th ts¥o fu14itne rnernbers dedi(3ted to cornwnicatK)ns and Social media. we ar8 abl8 to respond with a con5151ent, welcorniTr3, and farth-llled ryesen￿ that prO￿teS the d*3nty of every person and reflects our Oblate mission. In 2024 our digital wtreach includes daity onh'ne refflect￿s, seas￿1 prayer ￿SourCes, a￿1 spiritually engaging Content that rea(*e$ people in their and on Ihwr de¥Ke5. pamicularty those i501aled by I￿he3￿h, a99. or dists1￿￿. Attoss our panshes. INe4stre8med Masses and enable the h)usebound and those living far from their parish communities to remain connecled to the thle of the Church aThJ to feel a sense of belong¥)g in the￿ local faith can￿L￿111&s. Through inth"alive5 suth as the Oblat• Famity IAornlng Pray•r. Sunday Gosp•l R•ll•ctions. vSrtual prayer spac•s, and fa*h-focused video series featured on w4¥w.oblat•sM.uk as wèll as throLKJh Conn•e￿On# magazine and a¢tive scoal media thannels. we se9k to Share the Gt)od Nows wilh darity. c¥)rnpa55ion, and realNity. These platforms have be(x)rne wtal I0￿S e4Fngeli5*)n, formation. and communiwuilding. especially among the yow)g and those m the Pe￿pher￿S. Our (x)mmuntslion5 rninistry 15 nol just aboul sharing information- 1$ at>out presen¢e, a¢¢effjpaninent. and b￿}J1￿j bni*Jes of hope in the digital wryld. Int•matlonal Mlsslonary s￿Port. As part ol our s4oW Oblate wissiM, the UK Prw'nce supports intsm3t*)nal appeas ksr missions and Personnel through lun(kaising, shamg of resourc￿. and Ihe mobih"salion of volunteers. This work is carr*d oul in partn8rship wilh th8 Missionary Asswthon of K4*y Immaculate IKiA14111 aThJ w MissA)n Dèvèlopmeni Office (MOO), 9n$urin9 that a$$i$tan¢¢ is respon$No, $traIgg￿. and %*tsinabt¥. Increasingly. forJJs is on h*ing ¢omnwnrfies be￿me s¢ff-suffi¢ienl. resf•"enl. a￿j ewipped flw I0￿{erTh development. In the UK, the Annual Appeats. led by Mr Jacob. ow MAIAI CooTdinalor. have become a way lor paris￿$ lo cwnect with Oblate missions overseas. thiw9h prayer. direct finanLyal 5UPPOrt. or ongoing donalM)ns using the familiar t4Lte Oblate Mission wis1¥￿5 ¢Mlinue to play g key role in supporting and strengiheniNJ communities around the In 2024. we wor• abl8 to W0￿de siwrfrant fina￿la1 swjport to sevaral intematMxHI prLi•Cts. This induds emergency drought and famin• Tel￿f in Na￿tr￿a. Our inlemational outreath refiecls the Oil*e chaiism of sothdanty with the poor margin￿Sed and is grounded in Gospel values and Gatholc Social Teathng. ThI￿gh Ihis mis*on. we continua to accompany communities around the w￿l￿ering not just ad, but hope. partnership, and a sh￿d Msh)n of 11￿￿￿ Usti￿ for all. Our intemalional is r￿le{l in the Otlate charism of solKlaiity with the poor and rna￿lnat1Sed. guided by Gospel valL*S and Calholc Teaching. Throwh thèse partnerships, we coniinue to walk in missDn with communities acfoss the worhj-offering nol onty fin￿￿al suppNi tmjt also accompan*nenl, hope. 8nd the possibility of a more just and sustainabl& futtKe. OBLATES OF MARY IMMACULATE TRUSTEES, REPORT {CONTINUED) FOR niE YEAR ENDED 31 DECEAIBER 2024 A¢comp*nlm•nL Fommtlon and Support of IA•n*•rs." As an internab￿al missionary GrfflgregalKSn. th¢ Oblates of Ihe ￿gI￿rish Prwnce we continually enriched by the presence and cTh)lribulion of Oblates from other parts of the worfd pin us n our mission. Their piesence not only slrenglhens our local communities but also enables us to èyplor8 and discem n8w Missic￿ary initiatives in response 10 emerging pastoral and sorAal needs *oss the Provin¢e. Wa ramain d8eply committed to fostenng new vocatiws. Our VocatM$ Coordin8tor and his team aCC￿panY young men who arg d￿￿rnIng a Ca￿ to c￿late lrfe as miSsN)n￿ pnesls or Brothers. This accompaninenl indud¢$ retreats, one-ttsone spirilual guhjance. and opportw¥ties for pasitxd eX￿￿ent￿Ch groundèd in thè Oblate tharism of dO$￿e$S to Ihe po￿ and Most abandoned. In May. dumg our Ot4ale Novena of Prayer for Vocations, Frs Imn and Eduardo, together the VocalK￿S Tearn. wsited several parishe5 actoss London lo share their person81 ¥0¢8th"on ioumeys and *)Nit• othors to cons•Jer Oblate nmssionary Itfe. Through)ul the year. Ihe team continues lo supwl a of 97ffjnts that hdp young d￿￿eM God's cal in Iheir lives. We also rern￿n comrnitted to SUFporb"ng cwr Membe￿ through¢yth al stages of their missionary journey. This indudes nol only Ihose in active nwnisty bui also •ldèrly and inffimi Oblatès, who have dedicated their lives to service both al home and overseas. Now in rel*errent ¢y in need of ¢are. thew mgn contnue to play a wtal rc through their prayar, wisdom. and presence. the w¥Jer Oblate by the *ryln¢$5 of th￿r en(luring commitmenL AGro$s every stage ol fife and rnwyslry. ￿ are eon¥fvrtred to ¢Th'ding meaniigful xrmnpaniment. u)going formation, and holistic pastoral and pracbcal support. enablry each Otlate to live out hi5 Vocat￿n wrth ffidelity. purpo3e. and pèacÈ. In rÈsidÈne•s adapt•d for the ol ￿J1 and retired Oblates. we ensure a fu complernent of (ledicated slaff WI￿ suppjrt them in living their latef years with dignty. comfort. arKI a continued sense of belongirvJ lo the Oblate mi55ion. Th¢ Trustees also take seriously Iheir respcwbj.lrty Mi re¥A)nthng to the many appeals for support￿0th local and intemational-and regLdarfy rebiew the Pio%ryrKe's ¢ak)acity and rwhanism$ for mwging ¢haritsble di$Inb￿1OnS effectivety *)d fairfy. Our admini$lrath¥e slruclurgs suFwi the Province's rniss￿ary, pastoral. aNJ ¢harrfable a(lI￿te$ through transparent govemance. clear financAal reporting, and effec*i¥e 0)mmunIcati￿. Platlorms sv¢h as ￿ Oblate website. Prowncaal ReporL Connect￿n$ magazine. fetreat brochwes, and ow annual obla￿ Calendar Provide regvlaK urhjates and for thè WKler pubk to erMJage *Trth our Thonbtries. events. and programmes. We 450 prioiifi5e the ongoing tra￿1ng tsrnatw)n of leaders, txxh ￿ate and lay. to ￿ld capacity. strenglhen collaboration. and respc¥bJ ￿eal￿ety lo the ewthryng n8ed$ of our coff*nunlb"es and ML8siC￿ partnws. SIral&￿C planThng, nsk management. and a strong culture of $alegu8rdin9 and accountabilty underpin all aspècts of our woth. In all of Ihis. we seek to ensure thai the human. fr￿nCial. and SFir*tual resour¢es entrusted lo us are used wsaly and •ffecbvdy In Se￿ of the Oblate mlssicm- today and inlo Iho future. Fundraising The charity has a clear fvndraiwng pollcy and is cwllant wilh Statutory 8n(I regal ￿Q￿kÈmÈnis. 11 does not ernFloy pfofe35ional lurbdwsets. Funding is m*nty carried out through church aFyeals. events and glt-aid. Al methods of fiJrKkaislng are mMltored aThl adminlst8rad kn a careful manner. OBLATES OF MARY IMMACULATE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal revl Results lor the ye*.. A sufflmary ofthe yearf$ ¥￿Unts fi)und ￿ page 16 ofthis reF*Jt. Income. Wh￿ ourincome ¢&m8 f Ineome for the year tolaled £2.572,CVJ6." Dcnaliorh5 and legaC￿S were £1,239,204: approximatety 3% of this. £35.233 was Ihe stipend income eamed by the m8￿erS of the Province and &)nated to thè Chwity. balan￿. £1,203.971 was thir(I party donations and bequosts * leg•ieS. Charitsble a¢￿¥1¢10$ 01 £715.011 wa5 a Th#xture of from retreat Centres and rental income. . Investrnent Inc￿ne of £597,934 was eamed on Ihe Charty'$ inveslnwl p￿0￿0 and used to ￿1P fiJbd the operaling deficit. Other Income of£19.947'. imjuded the gam on dw0$￿ of tangib￿ fixed assets B￿akdoWft of In(a)mè C 473% Expenditu￿ - where Ihtr nx)n&yis spent Total expenditure for the year was £2.176.599. CharitableA¢ti￿IieS. ofihé totsi. £2,111.957 or 97% was spenl on Ch￿ilableACts¥jtlOS Worship £203.336 Support of Members £383,981 Apostolic wiyk5 £1.524.640 RaiS￿g Funds totalled £64,842. Bre*down of Expendituie OBLATES OF MARY IMMACULATE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 M•t mov•m•nt In fvnd$ Nel i1￿0me for the year. the￿10￿, was É395.497. Thk8 was befrjre the gain on inve5trTrents of £817,049. whKh when taken into accounl rasLIts in a net irKrea5e wi I[￿d$ in Ihg yw of £1.212.$46. Investments Al 3109cembor 2024, the Chth had inveslrywls of £16.9m. The purpose of these lund5 Is lo provth (¥prtal growth in the Toserves ovw the medvJrn term and to thos ￿l￿'s1￿j th8 tharitrfs staled eth investrnenl policy. The majority of the iM￿Stm•nI funds are under the m￿ager1￿1 of thenove Capital. As noted above. ihè investment funds have an gtw investrnent screen., they exdude CA)mpani•s that fall fold of c8rlain ethbcal ciiteria, and where p055t4e. favour siith that wo¥￿ Fwbve b￿￿￿1$ to #ooaty. Th¥ Tmstees. *ryth their investment ad¥isors. re¥￿W the investrnenis on a regular basis. Re¥•r¥es pollcy Al Ihe end ol the financial year. the IDtsI fund$ of Ihe charity arThJunied to £27.3m. Of tr￿s, approximatèly £104.000 is restricted - see note 22. The Tmslees have deygnated £17.5m to pro¥ide for care of rgb.red member5 (the Pro￿￿en1 fund), Ihe devehjpmenl for Cen1￿ of Mission, Education and tr*r4ng and property fund. The Trustees will contsnue to reNiew rta￿sS th*gnat￿S on an (TrgoiThJ ba8ffj. It is the opinicffl of the tr￿￿ee$ that the from funthaisirrfj and other ser¥ices ￿ addib'on to the projected annual income from re5eNes wil be suffi¢wit to fund ihe charity on an ￿ bags. Fin•ndal Posliion The balance sheet shows lotsl reserves £27tn of ths £8m Is represented by propert*$ and tangiblè fixed assets essenkn.al for the delivery of ￿#5510￿ and sem￿. The fund deS￿nated f(Y Ihe care of our reliied mgmbers has been re-asse$$ed durmg thts year. The Iru51e&s bel*ve Ihal the amount de￿gnated for the training and edu¢alicsn of p9rsonnel for m￿ls{ry th￿ugh Ih¢ir'PartnefS In Mission. wojed is ad￿Uate. The trustees bthve that Ihe unrestrthd ￿eNeS of the charity a￿ adequate but not exeèssivÈ and ￿ lin8 Vhth Its policy. Investments are monitored on a monthly basis and a detailed review lakes yearwrth Investm￿ rnanager$. ad¥rysws trustees. Ri$kAss•ssmont The Charity carries oul a lonnal risk assessm*>t on *) annual basis. Areas of risk are identified and I8￿rded in the iisk register. Each area of nsk 1$ assiw a of prionty from 'hhJh priority to 'low piiority.. A clear action plan 15 put in place to mrfi'gate all thniffied are&s of rtsk. The key a￿a$ of risk evaluated are - Goveman¢e. Operational. Finanaal. Extemal. Compl'arpKe and Repulab"onal. OBLATES OF MARY IMMACULATE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Futur• Plam The Twstges are currenlty eng•3ed in a wgntficant period of th"scemment and strategic planning. Central lo this is parbcyation in a Synodal Journ•y - a cc¥nwehensr4e. root-and*ranth evaluation of the charity's mtssion. IIWll15try. and resources. Initialed in June 2024 by the n*wty appointed Trustees. the prc*Ess invi(es the partiapab'on of Oblate members. associates. religK)us and lay colW)oralors. ch￿￿h ￿adershIp. and those with whom we woth and minister. Together, we are rellect￿g deepty on OUT ￿$sionary c4Jmmitments and priorities in light of lh& signs of Ihe lin￿$. Ttrms re¥￿ fO￿S part of Ihe broader discemmgnt of the AngkTrlFish Province and is gyounded in our ch￿sM and the Oblate tradibon of ¥slen*w deeply lo the people we serye and thè conlext in which we minister. This Synodal pro¢es$ seeks to: Evaluate e￿sling ffunislries and w•sgon comffilments in Ihe conlext of the call of the Church and Ihose on the Mar￿nS in loday's sooety. Review personn&l and fIn￿¢￿al r¢sOLK￿, wvjwjing fv suslainabih.ty of our commilments. Dis¢em wheie Ihe Spirit rnay be caming us lo reryine ryNssion and ministy in the UK. Consider the sustainabilty and approwiate de4Ek)went of our prowties, many of whth are ageing and InCre￿nglY subject to h'sted status req￿re￿nts. A major outcome of the Synrxl￿ Review wil be P￿ented al the Oblate Asswnbty in thme 2025, Whe￿ the membership will ¢olle¢b"vely olle¢t M how we are caled to be Misstonary Oblates Iclay n Britain. In paralel, Ihe Twstoes intend to.. . Co¥)Nnisgon ￿ actuarial and strategK IPSOUr￿ review. eVa￿l￿¥j ow b)ng-lerm abilty lo meet pastoral ommitmenls. maintain properb"e5. and womde for Ihe care of eldertrf and sick members. Review our investment strategy, ensurin9 that wè ha￿ suffK*nt and appropnalely structured reseNes to.. Support ministry vth¢re b¢al bn￿me is ￿$V￿l¢1enL Empl¢)y pastoral asgxiales. pwperly rnanagers. w(Yks relg*)us colabcrfators. Sustain our cornmitmenl to retreal and spiritually Centres. Maintain hislori¢ buildings and faclitss Celltr￿ to our nwsS￿ and fty Ihe a￿a in 7•thich they are present. Continue efforts to Strength￿ personnel ¢apauty. in¢￿ing engaying with the CongregatB)n'$ Ggneral Administrath)n to saek professed Oblates for m*Mstry Th) fv U The Truslees reman commrtled lo prudeth f￿anCIal stewafdshp. conl#iue to asses¥ spending plans annually. carefvlly Mar￿gI￿j assets to ggneratè Ir￿n* avJn8d wilh our mission. IM*rever possible. we wil prioritise supporting Oblat* woth$, our men*)ers. and our colabwator5 parlners in mt5sion. esp￿tallY those engaged in outreath, fomialion. and failh dovelcpiient. At Ihe hewt of our plannry is a pref8renthal option for the poor and those wh¢)se lives and Tealitie5 rxy oul ft>r help and hope. It is among thgse Ihal we believe the Gospel cal$ us lo be most present and generous in respc¥w. OBLATES OF MARY IMMACULATE TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Go¥ernan¢¢ Stru¢tu¥e and Manag•m•nt The Oblates of Mary Immaculate arè an in1ema1￿al missw withm the Roman Calhohc Church is governed by a Supeiior G&n¢ral and cow￿41. The Otlate wortd ts dNidèd #ito rèwns and regions are div¥Jed in Prownces. Th8 ObJale5 in the UK are part of the European re￿On arbd the Any1￿lrish PrOV￿ce govemed by PrO￿ne￿I and Councl. The ProvTnc4al and his Counc4 are the trustees of the corporate trustses of the Oblate Ch¥nly12233181 are appoinied after two ballots of the me￿)e￿iP of the Proymce. The Prowual and Council are chosen because of their personal qualrt*$ and skn'lls. leadership experience and understanding ol divér￿ ur¥icès and ministries. They are appoint￿ for a period of th￿e yeats and afe generalty appointed fur and additsonal peri¢xl of three years. The Prowncial CounrAI as Iru51ees ensure that th8 chanty 15 governe(l li awdwice with the c￿le of Govemance. chant￿S Constitution and ils OKectory of AdministTabon. The Iwstees of Ihe Corpor￿e Trustee WI￿ servéd dunng the year were.. Rev O Barry OMI (Chair to 12 June 2(r24) Rev L Gnffin 01A1 Rev W Frtzpalrick OMI RÈV l Morastl OMI Rev L OTlwlty OMI (Chair from 12 2024) Rev L Phdomin IT￿a$￿Ter) Rev V Par￿anIhU Rev R Warren Rev E Nunez-Y9￿Z Rev M Moran (ResvJn8d 12 June 20241 (Reswned 12 June 20241 (Resigned 12 June 2024) {Appoinled 1 Febru￿ 2￿24) (Appointed 12 June 20241 {Appoinled 12 Jure 20241 {App)inted 12 June 20241 Oblattr Trustèès. Mlsslon Adminlstratlon and Sustain•bfflty". In June 2024. Ihe Provin¢e underwent a significant transrtion in kadership. Ham of the Trustees were newly apponled. and Fr Lorcan O'Reilly OMI assumed thè ro￿ ol Prov*Kial aThJ Chair of the Trustees. The new leadership team relle¢ts the grcwing intematKJnal tharadw of the OfJlat¢s, with three members hayny been bom outside I￿Any10-1nsh Prownce and having jol￿d the ProvI￿e wrthn the past e*￿t years. Recogni5ing both the thallenges and the opp￿Mit1eS for the tsJtu￿ of the OtrAate missijn in these island5, the new leadership initiated a kmocess of ￿n￿lIa1 and cOmmw￿l di*c*rnmènt. Tr￿S took Ihe fomi of a four-slage. wholè-Prowince synodal ioumey tiued -cl￿¥1¢ Illsslon for Our Time". OtAple5 and lay ¢ollabor3tors from across the UK and Ireland were invrted to participate in a s8ries of local. regk)nal. and pwncwkle gatherings to rel￿¢1 deepty on our identily, mission. and drèction ts thè ye¥s ahead. By the of 2024, the fvst Iwo stage5 of this pr￿$5 wè c￿1)rAe1ed. layww • Sirong fouThJatth lor sha￿￿ discernment. The journey will ￿lminate in June 2025. when the leadershp leam will be better posrtw)ned lo shape a lO￿ar&I09￿￿9 p4an lor the nexi to Six years. As pJt of this process, and in keepiThJ with the principles of slraiegic ￿nn11￿3 and sustainabilily. the Trustees wnmissioned an actuarial study in December 2024 to asse55 our knng-lerm needs and det8ffl1ine hrh¥ best to *n our Iwman and finanoal resources with the mission over Ihe next 15 10 20 yèars. Thè Trust8•s work closely wilh Oblate m•mbors. lay colaborator5. prO￿s1or￿ advisors across a range ol dlsciphnewndudng human ￿SoUrces, safeguarding, W. ffinancyal. and governanr￿0 ensure the ong0￿g integrity, accwntability. and sustainakn.lrty of thè ObLale nwssion. We engage qualffied external professk)nals to sO￿d decx51ori-m8kNig In key arèas such as propety managemènt, finarrial ￿annIrrfj, in¥estsneth slt*egy, * compl'ance with charity rÈgulab"ons. are firmly ¢ornmittÈd to ènsuring Ihat our investsnents align with our values. To Ihi5 end. our Finar￿e Cgmmitte? and Investment Conwnitt8e regul*ty our ￿rtIc￿lti to ensure it adh•rès lo strong ESG IEnTr4knnMent￿. Soci*. and Goveman¢el and EDI lE(Wa￿ty. DI1￿[Si1y, and Industh} prwplos. Workng with ethical and respons&)le inveslrnenl managers, we seek to slthyard our r&souK*s in a way that both 5UPP)rts our mission and reflects our Gospd values. 10- OBLATES OF MARY IMMACULATE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Saf¢guardin9 The Oblatos of thg A￿j1￿1ri$h PrO￿nCe are committed to creatng and maintaining safe en￿ronments for al, especialty for children. young people. and vdnerable adults. athere to the s8feguarthg Star￿ardS and guidance sel out by the relevant aulhoiitses in the UK, induding thè Cattrv)lic Salèwarding Stsndards Ager ICSSAI in England and Waks. the ne%￿Y foffl￿ R*JKWS knfe SafeThwthrwJ Ser¥ic• IRLSS) and Dthure s￿lIand. All Oblates, staff. and ¥oknteer5 Invo￿¥e￿ in ￿Lstry or past￿1 actsiryty are rewired to undergo 5aleguarding training and are ￿tted through nal*Jnal police chtt￿n9 systems before beginnw*J their Toles. These indude the Disclosure and Barring Se(vw* (DBSI in England and Wdles and DLsdosuTe So)tland in Scotland. In 2024, safegtrarding training and ongoing format￿ fcrf pers￿￿￿1 were pm4tyJed'. Two safeguarding workshops held in the UK Eight persomel attended from comnNJnitiès in EThJlaTrJ. W&es. ¥nd S¢otland One member attended meetings aThJ tra￿￿9 fx•taled by RLSS. Safegu8idiw policles and FYocedure5 we accessibk to al pe(sc￿n￿ and a￿ S￿"e¢l lo ￿9￿ar rèview. The Safeguarding Committee is currently undertaking a ¢omprehensive update of the exi5tiThJ safeguardfftg policy and booklet, wth a rewsed edthon scheduled fof release ¥i May 2025. This update will ensure ful comph.ance with the latést national safeguarding guidanc*. Safeguarding supm is prov•Jed through a cwrdinaled slruclure irwolving the Designated Safeguarding Lead IDSL). h)cal Safeguardin9 Rewesenlalives. and Oioces Coordinator5. Togelher. Ihey offer case management, professional gutilanr£. •KI liaison wilh extemal safeguarding bo(lies. Safeguarding is a ststyjing-ilwn on the agenda of al key l&adership. go¥emance. trustee meetings. In 2024, ow Oblate parr5he5 in the UK undertook a safegu¥ding authuself-assessmènt. ettordinated through their respective Diocesan Safeguarding offKes. Presentations wgre made to pari5hh)new5 on safeguarding, highlighting their local Safeguarthng Representstive the IMP￿tan￿ of all being involved in crèating safe and welcoming Spaces. Particylar atlerK￿ was given to enswTrJ pastoral safety protocols in seth.ngs vthere the Oblatas servè outsidè parish slnJdu￿. such as Retreat Centres. L￿rde$ W"mage and Y(Kth programmes al home and abroad. The safe9uardin9 of vulnerable persons is notiust a wulatory oblig*ion but a moral and pastoral imperative root*d in our mi55ion. Our colaborabve relalK>nshps wilh diocesan safeguarding offi¢xs and n8￿nal Catholic safeguarding budies ensure ry)nlinwu5 and acc(rfMrtab*ty. On behatsl of the trusteés ofthe ts)rptrate tnjstee Rev L Philomin ￿Tre￿￿r•r} Trustee Dalgd.. 11 OBLATES OF MARY IMMACULATE STATEMENT OF TRUSTEES, RESPONSIBIUTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 Iruslees are reSp￿sIble f(Y preparmg the Truslees. Rewt the ffinanoal $t*gments In acwdance wilh applicable law arml United Attounting Standards (Unied thgdom Generaty Accepted Accounting Praclicel. The law applicable lo charit￿S in EThJland and Wdlgs r8quires the trustees to prepare finxnual ststèmènts for each rinanual yèar which give a true and fa¥ view of the stsle of affars of the chanty and of the resources arTrd applicatk)n of ￿SoUrCeS of the Charity for that yew. In preparing Ihe$e finanrAal ststements. the twslees are required to". - $eknt suitable a¢￿untIng poI￿leS and then appty them cOn￿$ten1ty. - obseNe the methods and prinaplÈs in Ihe Charrtiès SORP", - make judgements and estimales that are [gasona￿e and prudent". - stat• whelher applicatrAe accounting Stand￿(ts have been f01h)%￿d. $ui¥ecl to any malerial departurgs disdosed and explaingd in the f￿an￿al state1T￿nIs.. and . prepare the finan¢ial staternenls on the goiro CCAKem ba*s urtgss rt is mappropriate lo presu￿￿ Ihal th& charAy wll continue in opetation. The trustees are respon$it4e for kee￿.n9 sUffi0￿t ￿ounts￿J reojrds that th"sck*se wrth reasonable accurary at any time the financial po*b"on of the thanty and erthle thern to ensure that Ihe fman(ial slaterr*nls comply with the Charil*s Act 2011. Ihe G￿ty (Accothts and Reports) Reg￿atrOn$ 2008 and the provision$ cl th& trust d9ed. They a￿ also respon￿ble for safeguarding Ihe assets of the tharty and hence lth'rwJ iea8onabl& steps for Ihe preventhon detection of Iraud and brr•9uLaiitses. 12. 08LATES OF MARY IMMACULATE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF OBLATES OF MARY IMMACULATE Oplnlon We have aui*led the finawa stslemenls of Oblate5 of Mary Imrnaculate Ilhe 'charity'l for Ihe yew ended 31 December 2024 whKh ¢c*npnse the statsment of finana￿ *Mties. the balanco S￿01. thè statèment of cash flows and noles lo the finan¢ial stslements, indu(ling s￿nIficant ac¢ounling polif)￿. The ￿anCIal reporting framework that has been applied in their preparalion is appk*)le law United ￿9d1)rn ArL4Junling Standards, induding Financial Reporting Standard 102 Th? linancwl Reporting St8th18rf awtcable in the UK and of Imlènd IUnit•d Kin9dom Attepled AcuunlThJ Piac*ce). In our opirion, the ffinancial Statem￿ls.. give a true and fair view of the $t*e of thg tha1￿$ aff*.￿ ¥$ at 31 Decémber 2024 and of its ino)ming resources and applicahon of reS￿r￿. ts the ye* th￿ ended: have been properfy prepar8d in accordan(* with uri￿d ￿rgdoM Generaly Accepted AccounlirKJ PractKe" and have b8en prepared ￿ accordance wilh Ihe ChariliesAcl 2011. B•$1• lor oplnlon We ¢ondu¢lgd our au*Jil in ￿￿￿lanc* ￿th lnlernab.onal &andards on Auditing IUKI IISAS (UK)) and applicable law. Our reswnsibilrties undei those standards are fvrther descthd in thè Auditoffs rnsponsibilili&s for the audit (pl the financial statèments seclicffl of our report. ￿ arè indwndant of the chaty in accordance wlh Ihe ethical requirements that are relevant lo our au(*"l of the ￿n￿(la1 slalements in the UK. induding the FRC'S Ethical Standard, and we have fijlfilled our olher ethKai ￿$￿n￿b￿leS in aLxordance wilh these requiremants. We believe that the audil eviderKe we have d)tsiied is suffilienl and aF%￿priate to a ba*$ for our opiThon. Concluslons relallng to golng conc•rn In auditin9 the finanaal statements. we hava eonduded that Ihe trustees. use of Ihe going con¢em basis of accounting in the weparation oflhe finaNial staloments apwopnate. Ba$8d on the woth we have wfomied. we ha￿ nol Klenttfied any matèrral unc*rtaintiès relating to events or eonditKin$ that. indiwdually or colleclivety. may cast signif￿ant doubt on 1he chariV5 abilrty lo continuo as a going concem for a peiiod of at least Wve monlhs from the fi[w￿la1 51alemenls we authotised for issu•. Ow rèsponsibililias thé resrM)nsitilths of the trustees vlith respeL* to g(mg ¢￿¢8M ¥e desrrtjed in th8 relevant sedion5 of this repryt. Oth•r Inforniation The other in1￿MatiOn comprises Ihe Inf￿mati¢m) incknJed in the annual ¥eM other than lh8 fina￿ra1 stalements and our auditorfs report Ihereon. The Iwstees 8re ￿$￿S*JIe for the olher infom)ation contain•d within the annual report. Our opinion on the ffinanci81 slalemerts r￿t CONEr the other informalion and we do not express any fonn ol assurancÈ eA)ndusion thereon. Our responthility is to read the other infomialion and. in doing so. consid8r whether the other in1c￿mation is materiaty inconsistent vAlh Ihe finanual stalements or our knowled99 obtainèd in the course of the aLMJf(. or olherwse ap￿arS to be materialy misstated. If we idenbfy SLKh materkal in¢onsi$ten￿eS or apparent malèrial misstat8ments. we are rÈwKed lo detwm¥* whett￿[ this ￿VeS iise to a malefol mi55talemenl in the fmanoal stalemgnts themselves. If. based ￿ the wort we have perfvjrmed, we Cond￿le that there is material nM$ststemenl of Ihis other infonnalicffi, we are reroired to ieprml that facL We have nothing to report in this regard. M•tt•rn on whl¢h w• •Y• requw*d to rtrport by excep We have noth￿9 to rgp(Yt in re5pecl of the followng matters in relaticffl lo wtmch Ihe Chathes (Acti￿nIS Reports) Regulations 2008 req￿leS u5 lo report to yw rf. in opnron.. the informalh)n uiven li the fThnel￿ statemerts is ints)nsislent in material respe￿ with Ihe Trustees. Report", or $uffii?enl a¢counlin9 record$ have not been kept: or the financial statem•nis arè not in agraement wilh the ac¢ounlin9 records.. we have not received all the Inf0Thnat￿ eXKlanaIK*￿ wo rewite our a￿jIt. 13- OBLATES OF MARY IMMACULATE INDEPENDENT AUDrroR'S REPORT (coKfiNUED) TO THE TRUSTEES OF OBLATES OF MARY IMMACULATE R•sp¢n$lblllll•$ of trustees As explained more fully in the Sl*ement of Trl￿tees, Responsiblities, thÈ tmstèès are rèsponsible for the pr8paratK)n of the stalem￿1$ and for being satssfied that they give a Irue and fair ¥Tr9w. and for SLKh inlemal control as the trustees detemiine is necessary to enabl• Ihe preparats1￿ of finanrAal statements that are free trom matenal misstalemenl. whether due kn frawl or Èffor. In p￿paring the ffinanaal statemenls. the Irustees are reswjnsible for assessry Ihe chaW5 akn'lrty lo continue as 8 going eoneèrn. disdosing. as apFAThble. matters related lo gY)ing concem and using Ihe goFng concem basis of accounbng unl¥ss t￿ trust9￿ ether inlend to ceage operatK)ns. reathstK aAematNe but to do 50. Audltorfs reBponslJilitie$ for tho audlt of th• Ihuncial statem•nts We havÈ been appow)t8d as audilof under sectKJn 144 of Ihe Charil*s Ad 2011 and report in a(%ordance wlth the A¢t and ielevanl regvlats.ons made or ha￿9 effect Ihereunder. Our obiectwes are lo obtain reasona)lÈ assufance about whelher the finanrAal statements as a whole a￿ free from material misstatement, whether due Its fraud Of error. and to issue an a￿lI0￿S report that includes our opinion. Reasonable assLKance 15 a hpJh level ol assyrarKe t)ut 1$ nol a guarantee Ihat ￿ audrt conducted In aC￿rdanCe with ISAS IUKI will thays delect a mater￿1 mBstalemenl vthen it exi8ts. Misst8lements ¢an artsa from fraud c eiror and arg ¢onside￿d maleTial rf. indiwdually Of in the awegate. Ilw co￿1 reasonably be expected lo Influgnce the econorni¢ deosions of users taken on Ihe bays of financAI slatements. Irregulaiitie5. ￿¢￿￿419 fraud. arè instanc8s ol n0rtrr￿rn￿￿nce ￿9￿￿91￿*ns. design procedures in line with our reS￿nSI)ll￿e$, ouilined above to delecl matena m1s5talemeniS In respect of irregularities. including fraud. The extenl to which ow pro¢edwes aro ¢apable ol detectrng irregularilies. induding fraud. is detai￿ below. Ext•nt to which th• audit was considered ¢apable of detecting wregdari¢i•s. in¢ludlng fraud Ouf approach to ￿entify￿9 and assessm9 the risks of material ￿￿5stateMent in respeu of Irregularilies. including Irwjd and non-￿Mpl"3n¢e Y4ith laws and re￿Ial￿]n5. was #s fdk)ws' the engagement partner ensured Ihal ihe engagement team cole¢tNety had the appropriate competenc•. apabilityes ar¥1 sklls lo Idenbfy or rec4)gnw non.wnpbance wrth aFvlvblg laws and ragulatsons,. • we hlentified the laws and wulatKJns aK*ab￿ lo the chanty through ￿t￿y$S￿n$ Mlh trustees and other management.. • we focused on SFwfic laws 8nd regulatths whth ￿ considered may have a d¥ect malwial effeci on the f￿anc￿al statements or Ihe opeialv)ns of Ihe charity. ￿dUrIng taxatson legslats'on and data wotectK)n. anli- bribery. 8nNJloyment aTrJ heallh arKI safety legi￿ation., • we as$gs$?d the extent of rnm￿lanCe with thè laws and regulations ￿ent￿￿￿ above through maknng enquiries of m￿9¢m￿1t and inspect￿9 legal oxtsspondèncè" and d￿lffied laws and regulalion5 We￿ comrnuru￿ted ￿thin Tr autht team regulwly and the team remoine a￿rt to inst￿$ of non-comF*anc• Ihroughrmjt the audrt. We assessed Ihe susceptibility ol the tharity'$ fin3￿jaI slalements lo matenal misststement. induding obtainin9 an understandmg of how fraud might o¢¢ur. by". making enquTr3 of rnarb89em•nt as to VIt￿re they CL￿3￿1￿ed there was 5USCgPtts'lity lo fraud, the kn￿￿edge of adual. suspected and aleged fraud". and conshyering the internal ¢ontrc4s in F40¢¢ to mityte risks of tra￿1 and nm-compliance with laws and regulatw)ns. To &Jdr•ss Ihe risk of fraud managenwnl tm'as o¥enwJe of o)ntrds. we." ' perfom)gd analytical Prc￿edureS to thntFfy any unusual or une¥$￿0d relalion5hps". tested ioumal entries to ￿entIfy unuwal tr￿saC1K￿s', assessed whether wdgements #nd assumpt￿￿$ m•J8 in deterrn￿lng the acfjjuntsng eslimales we indicalive of potenti4 bias,. and investigated the r*onale betiind Sbgnfftanl or tranSa(J￿n& 14- OBLATES OF MARY IMMACULATE INDEPENDENT AUDITOR'S REPORT {coKfiNUED TO THE TRUSTEES OF OBLATES OF MARY IMMACULATE In response lo the risk of irreguFarities and r￿￿cOmp￿an¢0 ¥rith laws r8gdatp)n$. we deswjned Pr￿dl￿O$ which inchJdgd, butwgre nol lirrmted to: agrewng financi￿ slalement disckjsures to Lmdertyng sUp&￿ding d0￿men￿l¢l0n. • reading the rninutes of meetings of those charged with governance,. and . wuiiing of managernent as to •aual and i*)tenlial k¢igation clains. There are Inhe￿nI limitatKMS i) ow a￿411 wo¢ert￿ descn"l)ed above. The more removed that laws and regulatsons are from finanaal Iransaclion5, the kss like￿ it Ihal we woubj beccrfne awa￿ of non-￿MplianCe. Audthng standards olso limit Ihe audit procedwes reffjired lo identify noTrcomplIar￿ wtth la4¥S and regulations lo enqury of the trust8es and other management aThl the #Wed1￿ of reguLat¢Yy and legal coffespondence. rf any. Material misstatements Ihat arise due to fraud can ￿ harder to detad than thosÈ Ihat wise from error as Ihey may ¥)vofve deliberate cg)n¢eahnent or collusion. A further descripts'on of our rèsponsibih'ti•s is a￿lL4)I+ on the Financial Reporting C¢xm¢il's web5iie al-. https.'Il www.froorg.L*Jauditorsrfjspowbilith¢s. This dewpliw fomis wt of wr auditols rewl. Other mattèrs Your attentK>n is drawn lo the facl that the thaiity has fman¢i* Statements in accordance with 'Accouniing and Reportiny by Charities.. Stslement of Reo)mrnended PraclKe applicable to tharitie5 prep￿n9 their accounts in accordance with the F￿an￿al Repcrftir¥J Standard applicatle in Ihe UK and Republic of Ir¢land IFRS 1021" las arnendedl in preference to the Accountwig and Reporting by Charities.. Statement ol Re￿mmended Praclice issued on 1 April 2005 which is referred to in the exlanl regulations bul has now been withdrawn. This has bèèn dorte in ordèr for Ihe finantsal $tsteft￿ts lo ￿0¥*Ie a tn* *KI tsir Niew in acwrdance with Current Generaly Accepted ACcoUn￿g Practice. è ol our report This report is made solely lo ￿ ch￿rt￿5 truste8s. a$ a body. in axcthnce wrth part 4 of the Charities (Accoun15 and Reports) Re9ulation$ 2008. Our audit work has been urK*rtaken so that we mithl slate to the tharitys trustees those mattefs we are re(wired to state lo them in an authlovJ' rem ￿ S)r ￿ other purpose. T¢) tho fullest extent pèmrtled by law, we do not aoxpt or assume responsibility lo anyone other than Ihe charity and charttl$ trusle8s a5 a body. for our audit work. Ihis re[￿. or the opinions wè ha￿ formed. Lil c IWLI C hcv'iE 5 ￿￿￿5,1jT 10 October 2025 Mitsh￿l Charf8sworth IAuditl Limit•d Accountants statutory Audltor sthtes C.D.E. & F 14th Floor Thè Plaza 1(N) Old Hal Street Mitchell Charlèsworth (Audiil Limited TS eligojle for apwjntrrwt a5 a￿lItOr of the thanty by vriue of its elgibdty for appointment as authlor ofa company uThJer sedion 1212 of the CompaniesAd 20c￿. 1s- OBLATES OF MARY IMMACULATE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 310ECEAI8ER 2024 CurnnlfinaKlalyear Unrnstri¢tsd Uorn¥lrl¢i•d RMtrl¢ted fvnds lunds lunds g•n•ral thignat•d 2024 2024 Total Tol•l 2024 2024 2023 Not•s Clonalion5 and leg￿e$ ChantablÈ aetiwti•$ Inveslm8nts Olh¢i 1.239.204 715.011 72.580 525,354 19,947 1.239,204 715.011 597,934 19.947 800,449 718.226 371.294 1 S.244 Total Incom• 2.046,742 525,354 2,572,096 1,WJS.213 Raising funds Charrtable ath"wt*s 57.648 329.874 64.642 94,282 2.111.957 2,040.143 1.782.011 Ttstsl èxpendlture 1.789,Cl)S 387.522 2,176.599 2.134.425 Nèt gainslllossesl on investynents 13 88,405 n8.644 817,049 566,971 Net INC￿nIng1(0utgo1n9I resou￿¢9 beforn transfers 346.142 866,476 172) 1,212.546 337.759 Gross transfers betrAeen IL*)ds {5.994.2351 6.(K11,235 17.000) Net mov•m•nt in funth {5.648.1)931 6.867.711 17.072) 1,212,546 337,7$9 R￿on¢111a￿0n of funds: Fund balances at 1 January 2024 15.3W,420 10.589.595 111.165 26,091.180 25,753,421 Fund balan¢•$ at 311)o¢•mb•r 2024 9.742.327 17.457.y 104.093 27,J)3.726 26,0gf,180 The slatemgnl of financial admties lThJudes all gans and losses recoyntsed li y&w. The siatemenl of ￿nancIal acbwties IM*Kl8s all ga￿S and losses recognised n ts year. All Incor￿ arvj e¥penth¢ure derive from ¢onbnutng #¢bwt*s. 16- OBLATES OF MARY IMMACULATE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor flnanclal yoar Total fund funds g•neral d•sOgnated 2023 2023 fvnd$ 2023 2023 Donations and le9acies Chanlable ath"wiie5 Investments Other 3LTh).449 718226 46.994 324.3LY) 15.244 S￿.0 8(M).449 718.226 371.294 15.244 Tol•l In¢om¢ 1,080.913 824.300 1.905.213 Raisng fvnds Charitable a￿￿11*$ 10.371 1,881.404 83,911 158,667 94,282 72 2.040,143 Totsl •xp•ndltuM 1.891.775 242,578 2,134.425 Nèl gaIn￿(lo$Se$l on investments 13 61.349 505,622 566,971 N•t mov*n•n¢ In fvnd$ (749,513) 1.087,344 1721 337.759 Reconclllatlon of funds- Fund bAlances at 1 January 2023 16.139,933 9.502,251 111.237 25,753.421 Fund balance• a131 Decem￿r 2023 15.Y￿,420 10.589,YJ5 111.165 26,091 180 The slatemenl of finarn￿l acbvrfies n¢1￿je$ ￿ 98fbS aml losses recogn￿￿ m the year. The statemenl of finaThial *bvities in(knles al gains and k)sses rec(YJnised i) Ihe year. AJ inco￿￿ aThJ expendrture deri¥e from ¢>)ntinuing 8¢*vit*s. 17- OBLATES OF MARY IMMACULATE BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Flx•d a8•ets Tangible asse1$ Investments 14 1S 8,488.727 16.899,443 8.138.077 16.029.237 25.388.170 24.167.314 Currnnt 4880ts stocks D&btors Cash 81 bank in hand 11240 46.C62 1.935.392 11.701 42.057 1,¥21,459 19 1.992.694 1.975,217 Liabilities Creditors.. amounts fath'ng due Wrt￿"n one year (77.138> {51.351J Net current assets 1.915.SS8 1.923.886 Total net assets 27.303,726 26,091,180 Th• funds of the charity Restricted funds 22 104.093 111.165 Lknrgstri¢ted fLtnds'. Deygnaied funds General unrestiicted funds 23 17.457.3 9.742.327 10.589,935 15.39J.420 Total unre5tri¢tthY funds 27,199.633 25,980,015 Total eharlty funds 27.303.726 26.091.180 The finarrial 5lalements WO￿ apwov&Y by Iho trustees of the corporate Iwstee and authorised for Issue i<.. and are s￿ned on 115 behatr by.. ev L Phlomin (Tieasuw) Trn$ 18- OBLATES OF MARY IMMACULATE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flo¥ra from op•ratlng actl¥ltte• Cash absorbed by operations 135,369) (456.2121 Inv•$ting activlli Purchase of tangible fwl assets Proceeds from thspjsal of tangiblo fixed assets Purchase ol ￿vestmentS Proceeds from L*$posal of Thestments In￿SIN￿nI inwne recer48d (511,7721 1268,298) 16.297 (15.911.478) 15.8S8,321 597.934 14.932,1041 5.014,374 371.294 M•¢ cash g•n•ratsd from knY•$tlng aell¥ltl 49.302 185,266 M•t cash used In Ilnanclng acllvlllos N•t lncveaselldecr•a￿) in cash and cash •quival•nts 13,933 1270.9481 Cash and cash eqUNal￿ts at beg￿n￿9 of year 1,921,459 2.192.405 Cash and cash equfval¢nts at end of ye•r 1,935.392 1.W21.459 19- OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEM8ER 2024 Accounting policie• Ch4rity information Oblates of Mary lfflmauAale is a Tw5tered rjwty goverrtd by ts In￿1 deed. The pr¥Kipal adthess IS Provinci* Residence. House of Retreat. Tyrwind Road, Dublkn 8. I￿181￿J. 1.1 Accountlng conventlon The financial slalements have been prepared in ￿G￿lance wilh the chaiivs trust deed. the Charitse5 Act 2011 and -AccoLmliThJ and Rewting by Charibes.. Ststemenl of Recommended Pr¥ctts applicable lo charrties preparing Iheir accounts in accord￿ wth the Finanu* Rep)rting Standard applicable In Ihe UK and Republic of Ireland {FRS 1021 leffecbve 1 January 20191-. The tharity ts a Pubk Benefit Entty as defined by FRS 102. Th? f￿￿￿al ststgrnwts have (l8￿e￿ the Chanb"g$ [A￿￿nIS and Rep￿1$) Rggulalion$ 2008 only lo the extenl required to FxQ￿de a t￿ and fwr This depariure has invclved followng Statement ol Recommended Practice for ¢harits"es appty￿9 FRS 102 rathw thw the ver$￿n of the Statement of RecOmm￿ded PracD"ce which is refened lo in thè Reyulatitins but whth 118$ since been vhtl)drawn. The ffinancial statements are wewed ￿ stehng. whth ts the IwKtKjn￿ currency of the charity. Monetary aMo￿ts in these finanual statements are munded lo Ihe newest £. The financial $l*emenls have been prepared under the h"sloncal cost convent¥)n. modrfied lo incbjde certain finwual instruments at faw v*e. Thè acC￿ntir￿j Fdaes ath)pted are set out bel￿￿. 1.2 Gdng cortetm Al the b.me of approwng Ihe finanual stalements. ihe trustees have a ￿aSona￿￿e expectation Ihal the Charity has adeuuale resource5 to contin￿ in operati￿4 existencè for the lo￿seeable future T1￿$. the iruslees conlinue trj adopt going corwn basis ol accounlirwj in pre￿Ing thè f￿ancial slalements. 1.3 Charft•bl• funds The fvnds of Ihe Cha￿ are sutrfJivNled belween: The general funds compnsing those monies wlmch may be us&J towards meeting the charitable obje(Aive$ of 1he charity and used across the whde of th• Pmince al thè dIscret￿n of thè tnJst8es. The d8*5Ygnaled fu￿ bw"TrJ I￿n￿5 591 aside out ofgwal fun¢Js aFwJ iJ05ignale(I fly speofic purwJses by the Iruslees. R&$tiided funds are Subje￿ to specth¢ ￿￿th)n$ by dontys as to h(w they may be used. The pu￿9&8 and uses of ihe restricted ftThJs arè set out In the to the ¥¢eounts. OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountkng pollcl IContlnu•dl 1.4 Incom• All in¢crfne of ihe chanty is recwnised in the per*Jd n wlwch the thar#y is enmled t¢) r8¢9iPt and th? arnourhl can be measured wlh reasonable certainty. Incon￿ 1$ defer￿d only when the Charity ha5 10 fvlfil condibons befofe becoming entitled to it or where the (￿>￿ or provider has specified Ihal the inojme is lo be expended in a fu￿re a¢￿Unti￿ p￿. Offertories and dortations are induded in income when received. Legac￿$ are ueth.led to Ihe stslempnt of financial activities when Ihe entitlement is probat48 ￿ tho vabJ• of thè le9a¢y is capable of ffinancAal méasurement. Investment income. indudyu room hire. is YKauded when reC￿Vable. Inca)me arisry from investments a allcKaled lo each knd in PToportKrfb to Ihe ofthe In￿St￿ent lunds at 31 Dfjcembor 2022. AssistsrK¢ in the ofwlurrtary h* 1$ ntsl (wtifjalAe and aCcord￿¥Y not dealt with in thes8 accoLNrts. 1.5 Exp•nditurn Expenithture is induded in the slalwnwt of finarwial aclith Yxxxred ￿yj indurks attributsble VAT which cannot be r8co¥•i•d. Investment manager18es are iThauded n c4Jsts of ratsry fi￿1$. The costs of actiwties in fLwtheraw of Ch￿￿$ obiÈts o)mprisÈ ÈxpÈn¢frture on the charit￿S primary chantablg purposos and Ir￿ude5 th.rect staff costs and act4￿1 overheads attributable to those purpose& Chwilable donations in SUPFKWt ol Roman Cathohc propcts and are i1￿￿ded in the statemènt ol financial activit￿$ in the year in which they are approved. If ch¥itable donat￿￿5 approved during the year have not been paid in part or f￿1 by of the year. they are indu¢kd a5 a lability in Ihg balance sheat. Fulvfe chaiitsble (Jonalions that 8re io be apph'ed I￿￿tardS x*vities in later years are award9d $ubpct lo the avalalxlty of funds and are Iherel(Ye not Governance Costs of the tharty r￿Ude exp•thre on Manag*n￿t and I￿n￿lianCe with ¢>)rtstitulh)nal and statLrtory raquiramènts. 1.6 Tanglbl• flx•d ass•ts Tangible fixed assets ar¢ mga$ur8d al ￿$1 LY deemed Cost lor knd buihfings ¢)n trJnsit*Jn to FRS102, net of depreci**￿ impaTh)enl losses. Works of *L treaswgs and plate are Th)t ¢Jptsffi8ed in these a¢counts as they are considered historic, have very long live5 and are worth weserving indefmilety. The Injslees rymsider Ihal it would be pieiudioal lo the safe ￿$t{Xty of these assets to disd05e delails of their value and usage in theso a￿Unts. Assets are depreualed as follws.. Functional property at ￿$t Fixtures, fittings & equipment Motor vehi(*s 125% str•JM lin& 10%- 25% stra*Jhl Ir 25% stravJht line The gain or loss ari￿ng on the disposal of an asset is det8mlw￿d as the dbff•rence befyveen thè sale PIOC8eds and thg Cal￿n9 vahjè of the assot. aTrJ B rècognised in tha slatÈrrnAt olfinanual actNrbes. 1.7 Flx•d a•s•t InvMtm•nts Fixed asset investments are initially measwed at ￿sarIK)n price exdudin9 iransactson cos15. and are subsequenlty measured ai fair ¥ah￿ at reFrfm dale. ch￿eS in faw value are le￿9￿16ed in nel incomellexpendrture) klr tho year. Transaction costs are expensed as ncurred. 21 OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Acct)unting poli¢i•$ IConthu•dl 1.8 Impairnient of fixed 0$8¢ts Al each repNting end dale, the charity reNiew5 thè carryty amounts of its tangbl• assets to det&miine whether there is any illdicatbjn that those assets have suffered an Ynpawment h)$5. If any l￿d￿tion èxists. ￿¢0¥erable amounl of the asset E estynated in ¢xder lo delemne the extent ol Ihe impaThent loss {rf ￿y}. 1.9 Sto¢k• Sloc*s we valued by a professéonal ¥4uer al the b*er of cost net value. 1.10 C•#h and eash •qulval•nts Cash and ¢a$h equNalenls includ& cash li hand. depw'ts held at call banks. 01￿ sh¢y¥term liqu veslmenls wilh orKJinal matuiib.es of three morths ￿ kss. and bank overdrafts. 1.11 Fin*n¢i•l InStnm￿nts The charily has ele¢t¢d to awly the of Sethon 11 'BaS￿ Fwlancial Instrumenls. and see￿On 12 'CNher Finanoal Instruments 1s5￿. of FRS 102 to all of rts financ4al wlslruments. FinJn¢i¥l InsirumÈnts are recogntsed in the charivs balancè shèt when Ihe ch*rty becomes party to the cortractual wovisions of the insirumenL Finanoal assets and h"atrflrtiès aT8 offset. wth Ihe nel amourrts presented in Ihe financial slatements, when there Is a leg￿ty enlorceable rwjhl to sel off the Tecognised arr￿n15 and Ihefe is an inlentson lo settle on a net basis ￿ to realise the asset and settle the liability 5imultar*W. 8o$i¢ Ilnanclol as$ets Basic finanaal assets. whKh debtNs arnl Cash and bank balances. are inrtially rr*asured Itansa¢tKJn pr￿ including transact•)n costs end are sthequenuy camed al amortised cost using the effèetivÉ intèrèst method unless the arrangerrenl consbtute5 8 ffinarKing transaetKJn. where the transaction is measureil at th& present value of the fijlure receipts discwnted al a mark•t ral8 of inlerest. FinancAal assets dassified as re¢ei¥at4e ￿1h￿ year are not arnort￿d. Basic fin•ft¢ial liabllltles 8a51c f￿anCIal IHbilrties. includMIg cre(rrtor5 and h%3ns are rwntsed at transaetion price unless the arr￿gerne￿I constitutes a finanang transactKJn. where the debt instrument is mÈa$uied at thè prèsenl value of the lutuie payments disc¢xmt8d at a mwket rate of interesL Fina￿181 bablth.gs das*figd as payab19 w¢thin one year ore not amortistd. D8bt instrLwn8nts are subsequenly wie(l al arn￿l￿ad cost. us*)g ihe ellective inleresl rale mtlhod, Trade crediiors are obligations to pay for goods Of senites that ha¥* acquired in the ordknary Course of operations fr(Mn Suppkers. Arnounls payable we dassthed as wrent Ik8bditfjes rf payment Is due wihin one year or less. If not, Ihèy are p￿Sented as nOr￿￿rrent labli1È5. Tiade uedrtors are recognised ￿liaty al transath'on pric8 and subs8quenlty measured al amortised cosl usry Ihe effedr¥e interest mèthod. D•re¢ognhion of flnancl41 li#billll•s Financial li3￿￿1*S ¥e derecognised *then Ihe d￿rity's Ccrfltrxlual obhgalK)ns expre or are discharged OT cancelled. OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (coKfiNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 A¢Co￿tIng poll¢l•s (Contlnuédl 1.12 Employ•• b•n•llts The cost of any Lmused hohjay entthment ts recog￿ m the Fwjd n which the employeg's services are r8cei¥ed. Terminab"on benefi15 are recognLseiJ immedralely as an expense when the thariiy is demonstrgbty commiite to lerminale Ihe employment of an eryloyee or to pro¥*Je t￿Minal￿on benefrts. 1.13 R•tiremttnt benefits Paymenls to deffined eontribution rets"r•m￿t benefft Sc1￿meS are as ￿ expense as Ihey fall (￿e. 1.14 Taxatlon The charty beneffts from various exemplions from taxatk)n afforded by tsx leg￿th"on and is not liable lo eorporation tax on wme or g•ns I￿￿n9 wrthii tkKJse exemptsC4￿. The ¢haiity 15 not able to recover Valuo Added Tax (although the M82enfyJ CeKnmthty cent￿ w da.m VAfi. Expenditure is rewded in the ac￿unt5 indusive ofVAT. Grfll¢al a¢countlng •stJmatos and fvdg¢nwts In the application of the charity's xc4Juntry pohcaes. th• tmstees of th8 corporate trustee is required ￿ makè I￿19￿ments. e$timal¥$ and assumplvns abwt It* ¢arryiny Jn¢)unl of assets and haknlities that are not rea(li apparent from other sOu￿e$. The eslimatss and asso(iated assumpt￿￿5 we based on hIstor￿al eX￿n@t￿& and other faG*or5 that are conspjered lo be relevant Adual resutts may drfer from these estimates. The estsmates and underfying assLmWions are remvhed cffi ￿ Tr)going ba515. Revisions lo accounting esth'mates are recognised in the perio(l *) whth the ￿lMale is revtsed vthere the revision affects cnly that period, or in the period ol the revision •KI hrtwe wh)ds where re¥ish)n affects both ¢urrent and fulurg penods. There are no crit￿1 acCA?￿ti￿ estimates Orpty)￿1ts in Ihese ￿Ounts. Income from charttsble activitles Apo$toli¢ Apostoli work5 2024 2023 Income from Charitable a¢bvities Charrtable rent4 Inoyne 565,618 149.393 583,385 134.841 715.011 718.226 Analys1$ by lund Unr851rided fund5 715,011 718.226 -23- OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In¢om• from don•tlons and l•gacl•s Tolal Unrnstrkted Unrestrlcted funds fund¥ d•slgnat•d 2023 Total fvnds fund* deslgnated 2024 2024 2024 2023 2023 Donalicffls and gifts Lega¢ies Grants 1.114.358 83.402 41.444 1.114,358 83.4W2 41.444 300.449 3￿j.449 sW,0￿j 5W.OQO 1.239204 1239204 300.449 5C(I,oc¥J 8￿.449 Imie$tm•nts Tolal Unr•stslct8d Unrestrbcted funds fvnd$ genèral d•*lgnat•d 2023 2023 Total funds f￿dS g•n•rnl d•*ignat¢d 2024 2024 2024 2023 Income froffl h51ed investmants Interest receivat4e 63.740 8.840 525.354 589.094 8.840 39.347 7.647 324.3C(J 363.647 7.647 525,354 597.934 46.994 324,300 371.294 Other In¢ome Vnr•strict•d Unr•strlctsd funds fund$ 2024 2023 Nel gain on disposal of fixed assets Other income 14.168 5.779 15.244 19.947 15.244 Other income Indudes £nil ￿¢￿ved fr£￿ insurance daims12023." £14.99n. -24- OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Rahlng l￿d% Unr••trkt•d Unff•strlctyd lunds ral designated 2024 2024 Tol•l Unrgstri¢W Unrestricted fund$ fwds general designated 2023 2023 Tolal 2024 2023 Inv￿ment management 57.648 64.642 10.371 83.911 94.282 57,648 64.642 10.371 83.911 94,282 -2S- OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitsble xtivities Wornhlp Support of Apo$tolk peTr¢)nnel Totsl 2023 2014 Staff costs Charitable expenditure 402.308 349.874 1.102,157 402.3)8 1.4￿.131 363,894 1.473.515 38,1(M) 38.100 349.874 I.￿￿.465 1.892,439 1.837,409 Share of support costs (see nole 9) ofg0¥om•n¢o ¢osts (see F￿le 145.￿1 13.932 158.993 151,470 91 20.175 20.175 20.175 ,525 51,264 203.336 383.981 1.524.640 2,111.957 2.040,143 Anatysis by fi•nd Unr¢slri¢ted fvnds- genw Unrestricted- d￿"9na1ed Restricled funds 203.336 54.107 329.874 1.524.568 1,782.011 329,874 72 203,336 383.981 1.524.640 2.111.957 For the yearended 31 December 2023 Wtyslwp Support of ApostoH¢ pornonn Tatal 31 DK•mb•r 1023 Staff costs Charitable expenthlure 363.894 158,667 1.231,048 363.894 1.473.515 158.667 1.594,942 1.837.409 Sh¥e of support cosls (see nole 91 Sh*e of govemance cosls (see note 91 112,651 17,088 38.819 17.088 151.470 51.264 17.088 213,539 214,574 1,612,030 2.040,143 Analpi$ by fund Un￿StriCted fvThJs- general Unrèstricted funds- d&￿gnated Restricted funds 213.539 55.9)7 158.867 1.611,958 1.B81.404 158.667 72 213,539 214.574 1.612.030 2.040,143 OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Support ¢wts Support Gov•rnan¢? ¢osts ¢osts 2024Swport costs Govemance Cosls 2023 Depreaatic 158.933 158.993 151,470 151,470 Audit fees Legal and professional Sundry expenses 8.49J 5Q.375 8.4 50.375 8.085 40.532 2.647 8.085 40,532 2.647 158,993 e4),525 219.518 151.470 51,264 202.734 Analysed beiwéen Charilable actmties 158.993 60.525 219.518 151.470 51.264 202,734 Support tosis are rethwged in XC0rdar￿e with charitabk ac*iity aThJ usage Governance costs are rechar￿￿ equ* between 10 Truste•s None ol the Irustees (or ary persons ¢OMe(Xed wth them) re￿ived arry remunerabon (w reirnbursemenl of expenses ￿rI￿a the year12023 £nl. 11 Audllorfs v•mun•rallon The analysis of auditofs remuneration is a$ fc*AYS.' 2024 2023 Audit of Ihe chaiitys arThial accounts 8,490 8.085 Total audit fees 8.490 8.085 Non4udlt ￿rvICeS JI olhef nOn-3￿11t servK*S 19,015 18,109 Totsl non•audlt f••• 19,015 18.109 27- OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 EMPk>￿•> Nurb*•r of•mpltsyees The average monthly nun￿)er of empkny88s thjriry the yewwas". 2024 Mumb¢r 2023 Number Ch*itsble acli¥ilies 22 Employmènt costs 2024 2023 Wages and salaries Sooal security costs Other pension costs 370,770 24.258 7,280 338.650 17.397 7.847 402.308 363,894 There were no emphjyees whose annual remLwabLm was £60.CWJ) o( more12023.' no￿1. 13 Not g•In￿lI￿$*¢8j on in¥•skn•nts Unrejtrlcted Unmtricted Totsl Un￿sIr1e1Èd Unrestricled funds funds gerwal desTrgrwlgd 2tr23 2023 Total gÈnÈral d•slgnat•d 2024 2024 2024 2023 Revaluation of investmenls (Lossllgan on sale of investments 8.744 45.190 372.433 417,623 87.459 720.846 PJ)6.305 16.159 133.189 149.348 88.405 728.644 817.049 61,349 505,622 566,971 OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (coKfiNUEDI FOR THE YEAR ENDED 31 DECEAfBER 2024 14 Tanglbl• Ilx•d •M•ts FuN¢thThal Av•ts under Ftstur•s.4otor￿NcI•I flulngs & •wlpm•rt Ttstal Cost Al 1 January 2024 Additions Disposals Transfer lo Functiona property 9.Tr3,218 467.472 89.010 447.977 171,450 10.507,655 511,772 {37,5151 {89,010) (37,515) 89,010 (89,0101 At 31 Decembér 2024 10.355.7 447.977 178,235 10.981,912 Oepreclatlon At 1 January 2024 Depre(Yat￿ charged in the year Eliminated in respecl of disposals 1,871.171 127.928 347,259 13.932 151.148 17.133 135.3861 2,369,578 158.993 135,3861 At 31 December 2024 1.939.099 361.191 132.895 2,493,185 Carrying amount Al 31 December 2024 8,356.601 86.786 8,488.727 At 31 Oecembei 2023 7.928.047 89.010 100,718 20.302 8,138.077 15 Fixed asset Investments Cash in portfolio Total Cost or valua¢lvn At 1 January 2024 Additions Vahjation thar4J8S Net movemenl in capital account Disposals 15 976.920 15.911.478 8,744 52.317 16.029,237 15,911,478 8,744 76,969 {15.126,985) 76.*9 115.126,*5) At 31 December 2024 16.770.157 129,286 16.899.443 Carrylng •mount Al 31 Oecembw 2024 16.770.157 129.286 16.899,443 Al 31 Oecember 2023 15.976.920 52.317 16.029.237 -29- OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEhlBER 2024 16 Funds w•¢elv•d as agent Al 31 December 2024. the charity held mornes on behaN of Satred Heart Parish KI￿rn, Klbum Communily Centres and Tower Fll Arts Group tota￿r9 £20.820 (2023." £18,664). These moThes are nol ir￿u￿e￿ ￿ the ¢hariVs financial slalgmgnls 17 FlnaThclal In*trun*nts 2024 202$ Carrylng •mounl offlnanclal assets Debt instruments measured al aMor￿Sed Cost Instruments measured al tsir ¥4ue wfit or loss 2,090.642 16.770.157 1.991,515 15.979.181 Carying amount of financlal li•blliiles Measured at amortised c4JsI 77.138 45.650 18 Sto¢lE$ 2024 2023 Finished gwds and goods for resa 11240 11.701 19 Debtor5 2024 2023 Anv)unts faling due wlthln on• year. Other debtors Prepayments and aLxYued Int¥J 25,964 20.098 20,000 22.057 46.(￿2 42.057 20 Cr•ditors: amounts fallnB duè *ithin one ye•r 2D24 2023 Other laxalion and soual security Trad9 ¢rgditors Other cr8d.tors Accmals 5.701 4.414 20,703 52.021 8,071 37,579 77.138 51.351 21 R•tlvement benefit 8¢h•m•3 2024 2023 O•fined COnt￿Ut00fi schem Chwge to profit or loss in resF*d of deffined (y)ntril￿￿on scherre$ 7.280 7.847 OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 R•lir•m•nt b•n•llt sch•m•s Icontlnuedl Thè ¢hwty operates • defmed contri1￿1th pens￿ Sd￿ for al qualifwn9 employees. The a5se15 of the scheme are held separately from ihose of the thwity bn an independenty administered lund. 21 R•strktod Iwds The restricted ftmds of tho thaTity 0)ff￿n$8 th• unayrh4ed balances of don8tM)n$ and gran15 held on trust subject to specific ￿n￿'tIOnS by doncys as lo hrm they may be used. Balance at Exp￿dItUT• Bala￿? at Exp•nditur• Tran*l•rn 1 January 1 January 2023 2024 Balan¢* at 31 Decem￿1 2024 Fther Joe Ryan BuTh8ary L•lh legacy (7,0￿) 104.237 104 165 {72> 104,093 111237 111.165 (121 I7.0(￿1? 104.093 In September 2024, the Trustee5 redassif*d the Fr Joe RY￿ Bwsary (£7.¢JIY)I from restrKted lo desrgnated lunds lor ObFat8 and Lay FomMtA)n. as il had (Kiginaly been irtended lor Oblate fomplion and was confirmed as a designated fund by the then Probrynraal irt 2016." The Leith legacy Teceived was bequeathed for repws aThl maintgnan¢e exptr*dthire for Sl Mary'$ Star of ihe Sea Church. -31- LYID tl l$1 I ¢0 m¢D oa omo ill- t￿00 i (C+ OBLATES OF MARY IMMACULATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 2$ Caphtal commitmonts Amounts contra¢apJJ for bui not pro¥v4Jed kn the llThan¢i4 statern￿.. 2024 2023 Awuisition of prop&ty, plant aTrJ eqiipmènt 375.115 26 Op•Ating lease commltrnents The operabng leases repTe5enl leaw rfrooms aThl Ikvs to third pthes. At the reportlig end date the d￿rity had eLw)tr%led with lenwts for Ihe fol(yMng mirmmum 18a$g paymènts.. 2024 2023 Ihin y9ar Be￿een hyo arrfl fwe ye¥s 65.786 87,036 140,861 176.897 227,897 27 Rèlated p•ity transactions All of Ihe Irustees of th$ tharity afe a150 trustees of the Insh charty. Oblales ol Mary Immaculale Ilrish registration nLbmber 2(*J)4651). during the year the Irish ¢harrty donatad £851.149 12023.. £nll to Ihe UK chanly. The trustees of the corpyate trustee are the key managernent ofthe thawty. 28 Cuh absorbed by op¢raOons 2024 2023 Surphjs for th• y￿r 1212,546 337.759 Adjustments for. Investment Incoma recL•Jnis8d n statement Offina￿ a¢1￿￿eS Gain on disposal of tangitle fixed assets Gain on disposal of In￿StMentS Fair v81ue gains and losses on mvestrnenls DepreoalKsn aid Impaimient crf langits￿ fixed assets 1597.9341 114.1681 1808.305) 18.744) 158S93 1371.294) 1149.3481 1417.6231 151.470 Movements in worklng capltal: Deueasellincrèasel m stoc*5 Ilncreasel in debtors Increase In credf(ors 12.0251 122.0571 14,0051 25.787 Ca¥h absorbed by operad¢) 135,3691 (456.2121