OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-accounts

Society of Marie Reparatrice

Financial Statements

for the Year Ended 31st December 2025

Quintas Accounting Services Ireland Ltd Chartered Accountants Ireland Heron House Blackpool Park Blackpool Cork

Society of Marie Reparatrice

Contents
Page
Information 3
Trustee's Report 4-11
Independent Examiners Report to the Trustees 12
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash Flows 15
Notes to the Financial Statements 16 – 21

2

Society of Marie Reparatrice

Information

Trustees The Society of Marie Reparatrice Trustee Ltd
Charity Registration Number 233640
Business Address Sisters of Marie Reparatrice
6 Knockrea Lawn,
Ballinlough Road,
Cork
Ireland
T12 KV8P
Auditors & Accountants Quintas Accounting Services Ireland Ltd
Chartered Accountants Ireland
Heron House
Blackpool Park
Blackpool
Cork
Bankers Barclays
Wimbledon Business Centre
8 Alexandra Road
Wimbleton
London
SW19 7LA
Solicitors Druces LLP
Salisbury House
London Well
London
EC2M 5PS
Investment Managers A & G Bank
Avda de la Palmera 27B
41013 Seville
Spain
Quilter Cheviot Asset Management
One Kingsway
London
WC2B 6AN

3

Society of Marie Reparatrice

Trustee’s Report

The Trustees present their annual report and financial statements for the year ended 31st December 2025.

History and background.

The Society of Marie Reparatrice is an international Roman Catholic Religious Order. It was founded in Strasbourg France in 1857. The Generalate of the Order moved to Rome in 1865. The Congregation is divided into a number of individual Provinces and Regions, at present the Congregation has members in 21 countries. The sisters came to England in 1862. The Financial Statements accompanying this report relate to the activities of the English Region of the Order.

Governance

In Canon Law the Congregation is governed at international level by the Superior General and her General Council in Rome. The General Council are elected every six years at a General Chapter and have overall responsibility for the running of the Congregation worldwide. They in turn appoint Provincial/Regional Superiors for the different regions where the sisters minister. The Superior General visits each Province/Region at least once during her term of office. In 1994 the provinces of England and Ireland formed one Province for internal administrative purposes, which in 2004 became known as the Region of Great Britain and Ireland, however they still report separately for financial and regulatory purposes in each jurisdiction.

The Congregation is governed by its own Constitution with its own rules and regulations, which may be revised by the General Chapter, the most recent of which took place in Rome in May 2005.

"Our apostolic service is orientated towards the awakening, growth and deepening of the life of faith". (Constitution 37)

In Civil Law the Charity is governed by a Trust Deed dated May 1963 and is registered with the Charity Commission (Charity Registration No 233640). In January 1997 the Trust Deed was amended to extend the geographical limits of the Charities objects to cover the religious and other charitable works of the English Province. In September 2019 the Charity Commission sanctioned a Scheme to alter the existing Trust Deed to enable the Charity to make donations to Foreign Provinces of the Congregation. A Corporate Trustee, Society of Marie Reparatrice Trustee Ltd (Company No 10229878) has been appointed. The Directors who acted for the Corporate Trustee during 2025 were as follows:

The three Sisters who are Directors of the Corporate Trustee are members of the Congregation and have a detailed knowledge of the work of the Charity and its structure. As members of the Charity, some of their living and personal costs are borne by the Charity, however they receive no remuneration as Directors of the Corporate Trustee. The Regional Superior appoints Directors to the Corporate Trustee for the English Region.

4

Society of Marie Reparatrice

Trustee’s Report (Continued)

The Directors of the Corporate Trustee work closely with the Regional Team and they are responsible for the overall management of the Charity. They keep up to date with legislation pertaining to charities and their obligations and requirements with the help of professional advisors and through attendance at seminars and conferences.

The Trustees wish to acknowledge the professionalism and commitment of all their lay advisors and the individual members of the Order, whose dedication, enthusiasm, and positive approach is very much appreciated.

Risk Management

The Trustees undertake to identify and review the risks to which the Charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error.

Trustees

The names of the entities or persons who at any time during the financial year were trustees of the charity are as follows:

The Society of Marie Reparatrice Trustee Ltd

Objectives

The objective of the Charity is the advancement of the Roman Catholic religion and other charitable works. The charitable works carried out by the members in the English Region include diocesan work, spiritual accompaniment, interfaith work, prayer groups, bereavement work, and working with refugees and the marginalised. The Charity also has an obligation to provide care for its sisters none of whom have financial resources of their own.

The charity assists the advancement of religious and charity works in the foreign provinces of the religious order. The charity also provides financial support to the General Fund in Rome which is used to promote missionary projects in Africa and South America.

5

Society of Marie Reparatrice

Trustee’s Report (Continued)

Activities

Support of Members:

The Charity has an obligation both legally and morally to provide care for its members, none of whom have financial resources of their own. All the members have dedicated their lives to the worship of God and the religious and charitable works of the Charity.

Worship and Prayer:

The sisters are given the opportunity for private worship and to continue to develop their knowledge and trust in Jesus and the Church through times of quiet prayer, study of the Gospel and spiritual development. In addition, the sisters celebrate and pray with the wider community including people of all faiths and none. They do this through the provision of spiritual guidance or by being available to listen in times of need, through the celebration of the Liturgy through prayer groups and church services.

Diocesan Work

One sister continues as our representative regarding Safeguarding, attending national meetings, keeping the Trustees informed in following the procedures for the new organisational implementation for religious orders and the diocese. All the sisters in active ministry have enhanced DBS clearance.

L'Arche Community

One Sister continues to collaborate as an Accompanier and Friend of the Community and participates in various Community events engaging with people with and without learning disabilities. The Community is expanding, involving many young adults in volunteer and support roles. These events were held virtually since March’20.

Justice, Peace and the Integrity of Creation

As Trustees we recognise that justice, peace and the integrity of Creation is integral to living our charism of Reparation today at all levels, locally, nationally, at parish, diocesan and international levels. Sisters participate in talks, sessions and conferences as a means of keeping abreast of current issues and specific needs. One Sister is a member of JPIC 'Links' of the Conference of Religious in England and Wales. Another Sister continues to offer Conversation and English Classes to staff of a Nursing Home in London. One Parish formally registered to become an Eco-Congregation.

Care of the sick and elderly members

Three Sisters continue to be cared for in Care Homes, which provide permanent residential and nursing care. The Sisters are happy there, being able to fulfil their religious commitment and able to participate at Mass and other services in a beautiful chapel, always open to them for prayer. Their presence in the Care Homes is valued and they receive many requests for prayer. The Sisters visit the other residents of the home and pray with them. The sisters continue their ministry of accompanying the people in their former parish by telephone and social ministry. One sister formed a gardening club and the produce from the garden has won awards at the local garden fete, while another sister continues her ministry teaching English to International Healthcare staff. Other Sisters visit and accompany the Sisters who are in the care of Nursing Homes.

6

Society of Marie Reparatrice

Trustee’s Report (Continued)

Charitable Donations

The Charity made the following donations during the year. In both instances these were to assist the recipients with their costs.

Overseas

The Charity provides financial support to promote missionary projects in Africa and South America. The funds allocated towards our overseas missions where our sisters work include, trafficking and abuse of women and children, broken families, people who have no meaning in life, those addicted to drugs and alcohol, migrants, refugees and prisoners, AIDS patients (orphans and widows), the elderly and isolated, indigenous and rural people, the illiterate and the formation of younger Sisters being prepared for ministry.

The charity continues to support the formation of our younger sisters in Africa and South America.

In 2025 financial support was provided to fund projects in South America as follows:

Review of Activities Public Benefit

7

Society of Marie Reparatrice

Trustee’s Report (Continued)

Achievements and performance

The trustee is satisfied with the performance of the charity during the year as set out in the Income and Expenditure Account and with its year-end financial position as set out in the Balance Sheet.

The worldwide congregation has set up a unit trust to centralise management of the investments of the various regions. The investment strategy for this unit trust known as Bauffe is set by the General Council based in Rome in conjunction with the Global Fiscal Advisors A & G Bank and Investment Managers Quiltar Cheviot Asset Managers UK. All dividends earned from the investments are reinvested within the unit trust so there is no dividend income received by the region. The region now receives funds through selling units from the unit trust as required.

Assets and liabilities and financial position

The charity is in a strong financial position with significant assets and minimal liabilities. These assets will continue to be applied and invested to generate an income to enable the charity to continue to achieve its charitable objectives.

Principal risks and uncertainties

The principal risk facing the charity is the financial performance of its portfolio of investments, the income from which is applied to achieving the objectives of the charity. These funds are managed by Quiltar Cheviot Asset Managers and A & G Bank. The Trustees meet with the Managers at least twice every year and receive monthly valuation reports.

Likely future developments

With the decline in the number of vocations, the average age of the sisters of the charity is increasing. The charity continues to support its ageing members who have given their lives to the objectives of the charity. At the date of this report, there are now five sisters in the Region ranging from age 81 to 98. Three sisters continue to live in full time residential care and the costs associated with this will continue to rise in the coming years.

On occasion the Regions of the Congregation in the developed world are asked by the General Council based in Rome to assist in funding projects of the Congregation in Africa, South America or elsewhere. It’s likely that a request for funding of such projects will occur in the future.

Accounting records

The Trustees are aware of their responsibilities to maintain proper books and records. They have discharged their responsibility through the implementation of necessary policies and procedures for recording transactions, and the resourcing of the Regional Bursar who has competent and appropriate accounting and administrative expertise. The accounting records are located at Sisters of Marie Reparatrice, 6 Knockrea Lawn, Ballinlough Road, Cork, Ireland.

Relevant audit information

In the case of each of the trustees at the time this report is approved:

8

Society of Marie Repar3trice Trustsè's Rè ort Continued Trust¢•'$ re$pon$lbllltlo8 stat9ment The trustees are responsible for preparing the trustees report and the financi81 statements in accordance with applicable English law and regulations. Charity law requires the ttuslees to prepare financial statements for each yeai. Under the law, the trLJStees have elected to prepare the financial stalernents in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" issued by the Financial Reporting Council and promulgated by the Institute of Chartered Accountsnls in Ifeland. The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the assets, liabilities. and financial position of the charity as at the year-end dale and of the income and expenditure of the charity lor the year. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prLJdent stsle whether the financial statements have been prepared in accordance with applicable accounting Standards, identify those standards. and note the effect and the reasons for any material departure from those stsndards and prepare the financial statements on the going concem basis unless il 15 inappropriate lo presume that the charty will continue in business. The trustees are responsible for ensuring that the charity keeps or causes to be kept adequate accounting rewrds which correctly explain and record the transactions of the charity, enable al any lime the assets, liabilities. financial position and income and expenditure of the charity lo be delefmined with reasonable accLJracy and enable them lo ensure that the financial slalemenls ¢an be audrted. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the pievenlion and detection Df fraud and other irregularities This report was approved by the Board of Trustees on 41h March 2026 and signed on its behalf by.. Sr. Ro$a Maria Vizcay Oloriz Dlrèctor of Th8 Society of Marie Reparntrlcè Trustee Ltd Sr. Julie Buckley Director of The Society of Marie Reparatdc& Trustsa Ltd

Society of Marie Reparatrice

Trustee’s Report (Glossary)

Children supported by the Casa Betania Project Children with their Teacher in Uganda

Lima Peru

Orphan children supported by the project in Uganda

10

Society of Marie Reparatrice

Trustee’s Report (Glossary)

Sr. Teresa Nolan who teaches English to Refugees Sr. Teresa Nolan dancing with a resident of St. Vincent’s

Nursing Home Pinner

Sr. Maureen Peart reading at mass at St. Vincent’s Sr. Maureen Peart with one of her award-winning floral Nursing Home Pinner arrangements

11

Society of Marie Reparatrice

Independent Examiner’s Report to The Trustees of Society of Marie Reparatrice

I report to the trustees on my examination of the accounts of the Society of Marie Reparatrice for year ended 31st December 2025.

Responsibilities and basis of report

As the Charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. The Accounts do not accord with those records; or

  3. The Accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns, and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

______ Fachtna O'Mahony

Fachtna O’Mahony ACA

Quintas Accounting Services Ireland Ltd Chartered Accountants Ireland Heron House Blackpool Park Cork

4[th] March 2026

12

Society of Marie Reparatrice

Statement of Financial Activities for the year ended 31[st ] December 2025

Unrestricted Restricted Total Total
Funds Funds
2025 2025 2025 2024
£ £ £ £
Income from:
Donations and legacies 4 146,367 146,367 111,228
Deposit interest 2,553 2,553 3,073
Other operating income 5 904,267 428,742 1,333,009 550,053
Total income 1,053,187 428,742 1,481,929 664,354
Expenditure on:
Administration expenses 6 32,102 20 32,122 24,128
Charitable activities 7 257,366 436,97 693,863 392,006
Total expenditure 289,468 436,517 725,985 416,134
Net lncome(Expenditure) 763,719 (7,775) 755,944 248,220
Reconciliation of funds
Total funds b/f 12,334,000 5,824,656 18,158,656 17,910,436
Total funds_elf_ 13,097,719 5,816,881 18,914,600 18,158,656

The income and expenditure account include all gains and losses recognised in the periods.

The financial statements were approved by the trustees on 4[th ] March 2026 and signed on its behalf by

----=-c.,l<,� � _ Sr. Julie Buck �"'..:.=...:... Sr. Rosa Maria Vizcay Oloriz Director of The Society of Marie Reparatrice Trustee Ltd Director of The Society of Marie Reparatrice Trustee Ltd

The notes on pages 16 to 21 form part of these financial statements

13

Society of Mafie Reparatrice Balance Sheet a5 of 3151 D¥eèmbor 202S Note Dac'25 Dec'24 Fixed Assets Tangible Assets Financial Assets 10 18695195 17 878 560 18,695,195 17,878,560 Curront Assgts Debtors Cash at bank and in hand 254 193 294 753 254,193 294,753 Creditors.. amounts falling due within one year 12 Net Current assets 219405 280 096 Total assets less current liabilitie5 18,914,600 18,158,656 Creditor5." amounts falling due after more than one year Nel Assets Charity Funds Reslricled Funds 5,816,881 5,824,656 Unfeslricted Funds 13 12 334 000 14 These financial stslements were approved by the Iruslees on 4th March 2026 and signed on ils behalf by Sr. Julie Bucklèy Director of The Society of Marie Reparati1￿ Trustee Lt Sr. Rosa Maria Vizcay Oloriz Director of The Society of Marie ReparatrKe Trustee Ltd The notes on pages 16 to 21 form part of tho$9 financial statements 14

Society of Marie Reparatrice

Statement of Cash Flows year ended 31[st] December 2025

Dec’25
£
Cash flows from operating activities
Surplus/(deficit) for the year
755,944

Increase(decrease) in creditors
20,131
(Increase)\decrease in debtors
0
Realised (Gains) \ losses for the year
(27,159)
Unrealised (gains)\losses for the year (1,305,973)
_

Net cash inflow\ (used in) operating activities
(557,057)
Cash flows from investing activities
Proceeds from sale of assets
516,497
Financing of asset purchase
0
_
Increase/(decrease) in cash for the year
(40,560)
_
Net increase/(decrease) in cash and cash equivalents
(40,560)
Cash and cash equivalents at beginning of year
294,753
_
Cash and cash equivalents at end of year
254,193
 Dec’25
£
Cash flows from operating activities
Surplus/(deficit) for the year
755,944

Increase(decrease) in creditors
20,131
(Increase)\decrease in debtors
0
Realised (Gains) \ losses for the year
(27,159)
Unrealised (gains)\losses for the year (1,305,973)
_

Net cash inflow\ (used in) operating activities
(557,057)
Cash flows from investing activities
Proceeds from sale of assets
516,497
Financing of asset purchase
0
_
Increase/(decrease) in cash for the year
(40,560)
_
Net increase/(decrease) in cash and cash equivalents
(40,560)
Cash and cash equivalents at beginning of year
294,753
_
Cash and cash equivalents at end of year
254,193
 Dec ‘24
£
248,220
340
0
(1,626)
(548,311)
_
(301,377)
439,291
(64,134)
_
73,780
_
73,780
220,973
_
294,753
_
(40,560)
294,753
_
254,193

15

Society of Marie Reparatrice

Notes to the Financial Statements year ended 31[st] December 2025

1. General information

The Society of Marie Reparatrice is an international Roman Catholic Religious Order, governed by the Order's Superior General and General Council based in Rome. These Financial Statements relate to the Order's English Region, which is a registered charity with the UK Charity Regulator. The Order is governed by its Constitution.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies and measurement bases

Basis of preparation

The financial statements have been prepared on a going concern basis and in accordance with the historical cost convention and the Financial Reporting Standard 102 issued by the Financial Reporting Council.

The financial statements are prepared in Sterling, which is the functional currency of the entity.

Income Recognition

The Charity does not participate in any Fundraising Activities. Other income is recognised as follows;

Pension Income

The Charity receives the pension income of the sisters attached to the Order. This is recognised as a donation of pension income in the year in which it is received.

Legacies and Donations

Income from Legacies is recognised in the year in which it is received by the Charity from the respective Estate, not in the year of death. Income from Donations and Gifts are recognised on a cash receipts basis.

Dividend and Deposit Income

Dividend and Deposit Income is recognised in the year in which the Charity becomes entitled to the benefit of same.

16

Society of Marie Reparatrice

Notes to the Financial Statements year ended 31[st] December 2025 (Continued)

Expenditure

Expenditure is recognised on an accruals basis and includes attributable VAT which cannot be recovered.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, demand deposits and short term highly liquid investments.

Debtors and Receivables

Debtors and receivables are classified as current assets if payment can be called upon within one year or less.

Creditors and Accruals

Creditors and accruals are classified as current liabilities if payment can be called upon within one year or less.

Taxation

Society of Marie Reparatrice is a registered charity with the Charity Commission and Inland Revenue and exempt from taxation on its activity.

Tangible assets

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase or decrease in the carrying amount of an asset as a result of a revaluation, is recognised in income & expenditure and accumulated reserves.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Financial assets

Financial assets are initially recorded at cost and subsequently stated at market value with changes to market value being recognised in income and expenditure.

17

Society of Marie Reparatrice

Notes to the Financial Statements year ended 31[st] December 2025 (Continued)

4. Income from Donations

5. Dec’25
Dec’24
Unrestricted
£
£
Sisters pension donations
49,693
46,994
Legacies and other donations
96,674
64,234
146,367
111,228
Restricted
Legacies and other donations
-
-
Other income
-
-
-
-
Other operating income
Dec’25
Dec’24
Unrestricted
£
£
Profit(loss) on disposal of property
-
-
Unrealised gains(losses) on investments
899,688
369,705
Realised gains(losses) on disposal of investments
4,665
(1,384)
Foreign exchange gains(losses)
(86)
112
904,267
368,433
Restricted
Unrealised gains(losses) on investments
406,285
178,606
Realised gains(losses) on disposal of investments
22,494
3,010
Foreign exchange gains(losses)
__(37)
____ 4
428,742
181,620

18

Society of Marie Reparatrice

Notes to the Financial Statements year ended 31[st] December 2025 (Continued)

6. Administration Expenditure

Dec ’25 Dec’24

Council taxes
Insurance
Repairs and maintenance
Print, Post & Stationary
Telephone
Motor and travelling expenses
Legal and Professional fees
Accountancy Fees
Bank Charges
Sundry Expenses
Subscriptions		 £
£
1,383
1,283
2,005
2,005
0
0
0
0
1,717
2,266
1,876
1,382
7,782
3,145
14,131
13,081
20
17
1,617
233
1,591
716
32,122
24,128

In 2025 £20 (2024: £17) of the Administration Expenditure was from Restricted Funds

7. Expenditure on Charitable Activities

Dec ’25
£
Contribution to the missions
436,497
Contribution to communities
7,000
Alms and donations
1,200
Residential and care home costs
232,366
Rent of accommodation
16,800
693,863
 Dec’24
£
149,908
7,000
1,150
219,680
14,268
392,006

In 2025 £436,497 (2024: £149,908) of the Expenditure on Charitable Activities was from Restricted Funds

8. Taxation

The Charity is a Registered Charity with the Charity Commission (Reg No 233640). It is exempt from taxation on Income and Gains.

19

Society of Marie Reparatrice

Notes to the Financial Statements year ended 31[st] December 2025 (Continued)

9. Tangible assets

Freehold
Property
£
Cost
At 1st January 2025
-
Disposals
-
_
At 31st December 2025
-
_
Depreciation
At 1st January 2025 and 31st December 2025
-
_
Carrying amount
At 31st December 2025
-
_
At 31st December 2024
-
_
10.
Financial assets
Investments
£
Cost
At 1st January 2025
17,878,560
Additions
0
Disposals
(489,338)
Revaluations
1,305,973
_
At 31st December 2025
18,695,195
Provision for diminution in value
At 1st January 2024 and 31st December 2024
-
_
Carrying amount
At 31st December 2024
18,695,195
_
At 31st December 2024
17,878,560
_
11.
Debtors
Dec '25
£
Other debtors
-
 Total
£
-
-
_
-
_
-
_
-
_
-
_
Total
£
17,878,560
0
(489,338)
1,305,973
_
18,695,195
-
_
18,695,195
_
17,878,560
_

Dec '24
£
-

20

Society of Marie Reparatrice

Notes to the Financial Statements year ended 31[st] December 2025 (Continued)

12. Creditors: amounts falling due within one year

Accruals

Dec '25
£
34,788
 Dec '24
£
14,657

13. Analysis of net assets between funds

Financial Assets
Current Assets
Current Liabilities
Total		 Restricted
Funds
5,816,031
850
0
5,816,881		 Unrestricted
Funds
12,879,164
253,343
(34,788)
13,097,719		 Total
Funds
18,695,195
254,193
(34,788)

18,914,600

Restricted Funds are specifically set aside for making donations to the Charity Missions in Africa, South America and elsewhere.

14. Post balance sheet events

There were no significant events affecting the charity which have taken place since the end of the financial year.

1 5. Commitments and contingent liabilities

16. Related party transactions

During the year the Charity paid £16,800 (2024 £14,268) to James Duncan & Anne Christine McArthur in respect of rent for a flat in which Sr Joan McGuiness lives, Sr Joan McGuiness and Anne Christine McArthur are sisters. The flat is rented on a fully commercial basis and a formal lease is in place.

17. Approval of financial statements

21