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2025-03-31-accounts

PALLOTTINE MISSIONARY SISTERS

TRUSTEES REPORT AND FINANCIAL STATEMENTS 31[st ] MARCH 2025

Charity Number 234185

Allen Mills Howard Limited Chartered Accountants & Statutory Auditors 56 Manchester Road Altrincham Cheshire WA14 4PJ

Pallottine Missionary Sisters

Contents For the year ended 31[st] March 2025

Page
Legal and Administrative Details 1
Trustees’ Annual Report 2 – 17
Independent Auditors’ Report 18-20
Statement of Financial Activities 21
Balance Sheet 22
Statement of Cashflows 23
Notes to the Financial Statements 24-35
Pallottine Missionary Sisters
Legal and Administrative Details
For the year ended 31st March 2025
Principal Address: 52 Park Mount Drive
Macclesfield
Cheshire
SK11 8NT
Superior: Sr Mary McNulty
Trustees: Sr Mary McNulty
Rev John Martin
Sr Adelheid Elfriede
Chief Executive Officer:
Ms Jennifer Trotter
Charity Number: 234185
Governing Instrument: The charity is governed by the Trust Deed dated 9 March 1964, varied
15 July 1987 and 2 August 1996 which administers the Trust property
owned by the Pallottine Missionary Sisters.
Auditors: Allen Mills Howard Limited
Chartered Accountants & Statutory Auditors
56 Manchester Road
Altrincham
Cheshire
WA14 4PJ
Bankers: The Royal Bank of Scotland Plc
62-63 Threadneedle Street
London
EC2R 8LA
Investment Manager: W H Ireland
One New Bailey
4 Stanley Street
Salford
M3 5JL
Solicitors: Fieldings Porter
Silverwell House
32 Silverwell Street
Bolton
BL1 1PT

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

The trustees present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), (effective 1 January 2019).

Structure, Governance & Management

The trust is an unincorporated trust, constituted under a trust deed dated 9[th] March 1964 as varied by scheme of 15[th] July 1987 and 2[nd] August 1996. The Pallottine Missionary Sisters are members of a religious Congregation, founded in Rome in 1838. A foundation was made in Germany in 1895 and in England in 1909. The accounts accompanying this report are the accounts of the charitable trust on which the assets of the congregation in England are held. The Trustees meet approximately three-monthly. We review the needs of those whom we serve, performance and service delivery, financial and risk management at our Elderly Care Home. We review reserves, property maintenance and the development of our property. We are familiar with the work in the services of the trust, through our apostolates, financial awareness, and attendance at trustee meetings. Trustees are encouraged to attend training to update their knowledge and responsibilities. The day to day running of the home is delegated to the manager and the Chief Executive Officer.

Mission and Purpose

Our mission is an all-embracing apostolate. Our aim is to respond to the needs of the time. Our main mission in the UK is meeting the needs of the elderly in our Residential Care Home. Our mission in Tanzania involves primary health care in the community, and primary and secondary education for young women.

Our charism is ‘universal’. It excludes no one and includes every work for the relief of poverty, for education and for the good of all. Our methods are adaptable to the needs of the time. We uphold human dignity at every stage of life. This is acknowledged by our care of the elderly, chaplaincy in a Mental Health Hospital, home and hospital visiting in Macclesfield and the good standard of education and health care offered to students, adults, and those impacted by HIV/AIDS in Tanzania

Public Benefit

The purpose and practice above reduce loneliness and isolation of the elderly, at home and in hospital in Macclesfield and in our Elderly Care Home in Macclesfield, by enabling elderly persons to maintain their independence and access good care when their capacity for self-care is limited.

Facilitates hundreds of children and young women in Tanzania to access education – the key to reducing poverty. Provides good health care in developing areas in Tanzania, thus reducing suffering, neglect and infantdeaths.

We confirm that we have had regard to the Charity Commission’s general guidance on public benefit when reviewing our mission, purpose and objectives and in carrying out the Trust’s activities. We have concluded that the Trust operates in compliance with these guidelines.

Key Management

The Trustees consider that they, together with the Chief Executive Officer and the managers of the Home, comprise the key management of the Charity in charge of directing and controlling, running and operating the Charity on a day-to-day basis. The Trustees received no remuneration. The Chief Executive Officer and managers of the Home have their remuneration reviewed by the Trustees on an annual basis.

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Areas of activity

Our main service to the Public in the UK is our Care Homes for the Elderly, in Macclesfield. Other services include Pallotti Girls Secondary School, St Leo the Great Primary School, Elisabetta Sanna Pre & Primary School, Rehabilitation Centre, two primary health centres in Tanzania and Voluntary activities in Macclesfield.

Elderly Care Homes

Park Mount Care Home currently provides care for 50 Residents in forty-four single rooms and three double rooms.

Keele Crescent Care Home provides six care beds.

St Vincent’s Convent is now registered to provide care for eight beds.

Achievements – 2024/2025

Park Mount and Keele Crescent Care homes continue their excellency on delivering high standards of personal centred care whilst promoting independence and dignity for the residents who use our services.

Waiting lists for both homes continue to grow and the need for care homes with excellent reputations and reviews. The Pallottine Missionary Sisters who continue to provide care for the holistic needs in addition to physical and wellbeing are amongst the most sought-after residential homes in the Macclesfield area.

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Plans - 2025/2026

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Guy, Barbara Clayton and Sr. Fides with Care Award

Bishop Mark Davies , Sister Mary McNulty and Jennifer Trotter 40 Year Celebration of Park Mount Care Home

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Residents and Care Team Enjoying a day trip to the Park

Graham Wells Catering Manager April BBQ

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Easter Activities , Keele Crescent Care Home

VE Day 80 Years Celebration, Park Mount Care Home

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

VE Day 80 Years Celebration, Park Mount Care Home

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Some words of thanks from the residents and families.

“I don't think anyone can completely understand how difficult it is to place a parent into respite care. The guilt is enormous but after ten months of trying our best with dad who was struggling following the death of our mum, we could no longer cope. We reached out to the manager at Park Mount and she stepped in to help us immediately.”

“We were so very anxious leaving him, but the staff have taken excellent care of him. Things have not always been easy and my dad's behaviour was challenging at first but the care given has been amazing and we will be forever grateful.”

“We are still waiting for a diagnosis for dad which is difficult but we receive regular updates on his health and any changes which is very reassuring.” “We are delighted with the care and support given to our dad and also the kindness shown to us. We could not have asked for him to be in a better place and know he is receiving the best possible care. 100% would recommend. Thank you to all the staff at Park Mount you are amazing!”

“Our mum is in respite care at Park Mount Care Home. It's been a big adjustment for mum and a huge change but the wonderful team at Park Mount have made her feel welcomed, cared for and safe. I honestly could not have wished for a nicer place for mum. Mum is settling down and joining in all the activities which are fun and entertaining. The huge, well-kept gardens are wonderful to explore, we feel so fortunate to have this outside space. The food is excellent and there is an endless supply of drinks, I'd rather like to move in myself! This is a top team that run a very happy ship, hats off to you all, for all care, love and happy moments you aspire to give every day. We are truly grateful.”

“My parents were at Park Mount Care Home for respite care as my father had been in hospital and my mother required some much-needed recuperation and rest.”

Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

THE BACKGROUND OF TANZANIA

The Pallottine Missionary Sisters have been supporting a mission in Africa since June 1990 when three Sisters left England and opened a community in the Singida Diocese in the centre of Tanzania. In 1992 they were given 10 acres of land in Siuyu, a small village about 20km from Singida town for the purpose of building a Secondary School for Girls and a Convent for the Sisters.

From the beginning the Sisters have been involved mainly in Education and Health Care which are the keys to development and reducing real poverty and deprivation. They have also committed themselves to Formation Work - the training of young women to become Pallottine Sisters, so that the services they are providing can continue and be of benefit to the people they serve now and in the future.

Activities currently undertaken are:

Sisters work in the running of our institutions and others are preparing to go on for further studies.

The education of the sisters is one of the main concerns for the Trustees. The Sisters need to be professionally trained, so that they will be equipped to provide a high standard of service to the many people who depend on them, especially the poor in Tanzania. We continue to support the sisters in Tanzania in their efforts to provide professional training for their young Sisters.

Education: Through Education to Development

Pallotti Secondary School for Girls in Siuyu, Singida was opened in 1995 with one class of 45 students. In the year 2000 it began to receive students for Advanced Level Education in the Arts subjects - History, Geography, English and Swahili. In July 2013 it began to offer Science subjects: Physics, Chemistry, Biology and Basic Mathematics. In 2010, Pallotti School developed into a Two Form Entry School with a capacity for about 480 girls from Form One to Form Six.

The school is completely dependent on School Fees, Sponsorships and Donations. It is not government funded. With the help of generous donors, we were able to give full or half free places to 96 students, who come from deprived families mainly in the rural areas, of these many came from the Singida Region which is classified as semi-desert.



Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Some of the Key Achievements for 2024/2025

EDUCATION

The students at Pallotti Secondary School in Siuyu village in Singida are happy young people who are fully occupied by their studies, sports, religious activities, and recreation. They continue to study hard and perform well academically. In the recent Government examinations over 90% had Division One or Two. They know that there is much competition in the world, and that they need to have good results to qualify for further studies. This year there are 510 students with 28 teachers and 24 non-teaching staff.

We sincerely thank our teachers and students for their dedication and hard work. The staff at the school are all Tanzanians. Ten Tanzanian Pallottine Sisters are working at Pallotti Secondary School teaching and doing the work of administration. The school is making a significant contribution to the development of the Region in general, and especially to the status and dignity of women.

Since 2015 we have accepted students with special needs from Siuyu to study at Pallotti. They come to the school in their wheelchairs every morning and return to the Centre in the evening. We are happy to be able to help these children with special needs to get a good education.

Development at Pallotti.

As the number of students increased the Examination Hall became too small so an Extension was built to double the capacity. Also, maintenance was carried out on various buildings. Many of these were built over twenty years ago and had little maintenance over the years. With the assistance of some Former Students the Laboratories are being renovated.

To enhance the environment, in the immediate area of the school part of the site has been landscaped and figures of wild birds and animals have been set up as well as a small model of Mount Kilimanjaro. The administration has planted more fruit trees and installed a drip-feed for watering the vegetables. They have also made charcoal on site using up the old trees and branches.

St. Leo’s English Medium Primary School

In January 2013 four Sisters from the Siuyu community moved to Igunga. Now there are seven Sisters in the Igunga community. In St. Leo’s English Medium Primary School, the Sisters are doing the administration work as well as teaching. The school is owned by the Diocese of Tabora. With funds from donors and a little from the congregation, the Sisters managed to build a Convent on the site. This year with funds from donors in Belgium the Sisters built two Classrooms, an Office, Store and toilets for the Kindergarten.

Presently there are 578 pupils at St Leo’s – all between the ages of 4 and 13 years.



Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Elisabetta Sanna Pre and Primary English Medium School

In February 2017, two Sisters from the Siuyu Community in Singida went to Magogo in the Morogoro Region, in response to an Invitation by the Parish Priest of Dakawa Parish, to begin working at a small non-registered Primary School in the bush among the Maasai. Most of the local people are very poor and because of the culture, life is particularly difficult for the women and girls. Many children do not go to school, even though the law in Tanzania states that all children must have at least primary education. The children are often sent to pasture the animals.

The Convent for the Sisters was officially opened and blessed on November 21, 2019 by the Apostolic Administrator of Tanzania.

Achievements:

Elisabetta Sanna School started in 2018 with 25 pupils, it now has 222 between Kindergarten and Grade Four. In the new school Dormitory, 93 are boarding.

At this mission in Magogo, we are facing many challenges :



Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

HEALTH CARE

St. Joseph’s Dispensary Siuyu

St. Joseph’s was registered in 2008. It is situated on the site of Pallotti Secondary School. It offers Primary Health Care to the local villages, Pallotti Secondary School, and the Convent community. In former years this service was essential, and well used. Recently a new Mission Hospital was built in Makiungu, 10 km away, and services and medication are offered at a reduced price. Consequently, apart from the Convent and School communities few patients go there now.

Makiungu Hospital

Three Pallottine Sisters are in full time employment at Makiungu Hospital in Singida. For more than 50 years the hospital was a Mission Hospital run by the Medical Missionaries of Mary, but it is now a District Hospital. Here the Sisters – two Registered Nurses and an Assistant Medical Officer, care for the sick and are learning many skills through working in this large institution. It is a source of income for the mission.

In Arusha at the Leadership Centre, the Pallottine Sisters are supporting the Azizi group of persons living with AIDS. They also pay school fees for some orphans or for children from families impacted by HIV/AIDS.

Rehabilitation Centre Siuyu

Sr Rosemary Ombay, the Assistant Manager, who is a Nurse and Occupational Therapist works full time at the Rehabilitation Centre in Siuyu where 43 children live and are cared for with love and commitment. One Sister who is untrained, supports Sr Rosemary and helps care for the children, while other Sisters are involved in the Centre occasionally as volunteers. Sr Rosemary is the only Sister who receives a salary. Among the 43 children, 18 are mentally challenged, 15 are both mentally and physically challenged and 10 are only physically challenged. These 10 attend the local Primary School and study in normal classes, the rest who are mentally challenged attend Special Needs classes. We thank the Union members who are volunteers and so committed in caring for these special children.

The Centre provides another very important service. Many children with disabilities who are not residents are brought by their parents or guardians to receive therapy at the Centre, and the Carers are given training on how best to care for their children at home.

Zambia

Pallottine Mission in Westwood outside Lusaka was officially opened on 5th February 2018 and currently two Sisters are teaching in a St Vincent Secondary School run by Pallottine from India.



Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

FORMATION WORK

The Initial Training of young women to become Pallottine Sisters is undertaken in the Siuyu community, and the Noviciate is in the Formation House in Poli Singisi, Arusha. In the year 2000 the Trustees decided to open a Formation House in Arusha, so that the young Sisters could avail of the many opportunities for study found in the area. The Formation House was opened as an International Noviciate in September 2017 and now provides formation for young women from Rwanda, Congo, Uganda and Tanzania. Presently sixteen Novices are in the Formation House, ten of whom are Tanzanians.

Since 1990 over sixty young Tanzanian women have joined the congregation. Over forty of these have some professional training and twelve others are following courses in further education. We also have thirty young women at various stages in our Initial Formation Programmes in Siuyu. We trust that this will ensure the sustainability of the mission in the future.

We strongly believe that Education is the Key to Development. Education - and especially the education of girls is vital to combat poverty and sickness and to promote development especially in the rural semi-desert areas of the Singida Region and among the Maasai in Morogoro.

Conclusion:

As well as the educational and health benefits, the mission in Tanzania is providing employment for many in the schools and Health Centres and through the provision of foodstuff to the growing number of students at Pallotti Secondary School, St Leo’s Primary School and our new Elisabetta Sanna Pre/Primary School in Magogo, Morogoro. Our mission has brought much needed hope and development to the areas.

Plans for 2025/2026



Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Recruitment and Training of Trustees

Trustees are nominated by the English Provincial of the Pallottine Missionary Sisters in accordance with the Deed of Trust. On appointment, new trustees are introduced to the workings of the charity and are kept updated of their responsibilities and the Charity’s position.

Risk Management

The trustees confirm that they have identified and considered the major risks to which the Trust is exposed, the potential impact of individual risk should they materialise and, what mitigating actions are taken or need to be taken, in order to reduce each risk to a level which the trustees consider to be acceptable.

Volunteers

A number of people serve as volunteers to the Charity who assist in resident activities, drive vehicles and assist in the kitchen. Due to the Pandemic these activities ceased for some time but now carry on as in former times but the necessary precautions advised by Cheshire East are strictly adhered to.

Investment Policy

The charity’s investments are managed by W H Ireland.

The trustees’ investment powers are set out in the charity’s trust deed. The investment strategy is set by the trustees and takes into account income requirements, the risk profile and the investment managers’ views of the market prospects in the medium term.

The policy is to maximise total return through a diversified portfolio whilst providing a level of income advised by the trustees from time to time. There is also an ethical policy precluding investment in any company which, after reasonable enquiry, clearly has significant profits from activities such as armaments.

The performance of the portfolio and the charity’s investment strategy are reviewed by the trustees and their representatives who meet the investment managers at least twice a year. The overall portfolios’ performances are monitored against quarterly returns and against a selection of appropriate indices.



Pallottine Missionary Sisters

Trustees Report

For the year ended 31[st] March 2025

Financial Review

A summary of the year’s results can be found on page 21 of this report and accounts.

Total income resources amounted to £2,963,166 (2024: £2,508,217). The prime source of income for the charity is the fees from the home which totalled £2,777,712 (2024: £2,358,712).

£130,846 (2024: £109,942) was received from donations, which included £119,297 (2024: £99,014) received from the sisters’ salaries and pensions.

Investment income amounted to £51,348 (2024: £39,563).

Resources expended amounted to £3,221,360 (2024: £1,268,218). Excluding the gain of the disposal of the London property, expenditure in the prior year was £2,815,921. The majority of this increase on prior year can be attributed to an increase in staff costs. A full analysis of costs is included in note 7 of the accounts.

Net expenditure for the year before gains on investments was £258,194 (2024: £1,239,999 net income). Net investment gains of £8,248 (2024: Gains £116,496) resulted in a decrease of funds for the year of £249,946 (2024: Increase £1,356,495).

Investment performance

The total value of listed investments at 31[st] March 2025 was £1,450,759 (2024: £1,668,795). This represents a 13% decrease on the previous year. The charity made withdrawals of £245,000 from its investments in the year.

During the year, the charity’s income from listed investments was £51,348 (2024: £39,563) and gains on disposal and revaluation of investments were £8,248 (2024: Gain £116,496).

When fully invested, the Charity’s aim is to achieve an income yield of 3%. An analysis of the Charity’s investments can be found in note 14 of the accounts.

The Trustees continue to take a long-term view and believe their investment policy continues to be applied and remains appropriate.

Reserves policy

The Trustees have examined the need for free reserves i.e, those unrestricted funds not invested in tangible fixed assets, designated for specific purposes or otherwise committed. The Trustees consider that the level of free reserves for operational existence should be equal to six months expenditure.

The balance sheet shows total reserves of £5.1 million. Of this, £3.1 million is represented by designated funds. These designated funds are analysed in note 17 of the accounts.

Charitable Donations

The Trust made charitable donations of £1,844 (2024: £11,356) in the year.

Consultation and Engagement

The Trust employs a range of mechanisms for consulting and engaging with its staff, volunteers, beneficiaries and other stakeholders.

Their input is used to help formulate the Trusts’ mission, develop operational policies and shape the way the Trusts’ services are delivered on the ground.

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Pallottine Missionary Sisters

Trustees Report For the year ended 31[st] March 2025

Audit Information

The Trustees who held office at the date of approval of this Trustees’ report confirm that, so far as they are individually aware there is no relevant audit information of which Trust’s auditors are unaware and each Trustee has taken all the steps he or she ought to have taken as a Trustee to make himself or herself aware of any relevant audit information and to establish that the Trust’s auditors are aware of that information.

Trustees Indemnity Arrangements

The charity has insurance to indemnify the trustees to the extent permitted by law in respect of all liabilities to third parties arising out of, or in connection with, the execution of their powers, duties and responsibilities as trustees of the charity.

Statement of the Trustees' Responsibilities

The trustees’ are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Approved by order of the board of trustees on 4[th] December 2025 and signed on their behalf

Sr M Mc Nulty

Sister Mary McNulty

Trustee



Report of the Independent Auditors to the Trustees of

Pallottine Missionary Sisters

Opinion

We have audited the financial statements of Pallottine Missionary Sisters (the 'charity') for the year ended 31st March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flow and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, in the circumstances set out in note 24 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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Report of the Independent Auditors to the Trustees of

Pallottine Missionary Sisters

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit work, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud.

In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain.

We also considered potential financial or other pressures, opportunity and motivation for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

We made enquiries of management with regards to compliance with applicable laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the trustees' meetings.

We addressed the risk of management override of internal controls including testing journals and evaluating whether there was evidence of bias by management that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentation or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.



Report of the Independent Auditors to the Trustees of

Pallottine Missionary Sisters

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Allen Mills Howard Limited Chartered Accountants & Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Lewis House 56 Manchester Road Altrincham Cheshire WA14 4PJ

4[th] December 2025

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Pallottine Missionary Sisters

Statement of Financial Activities

Income from:
Donations
Operation of care home
Investments
Other
Total income
Expenditure on
Cost of raising funds:
Investment management costs
Expenditure on charitable activities:
Charitable donations
Support members of the congregation
and operation of care home
Support of the congregation work overs
Total expenditure
Net (expenditure)/income
before gain on investments
Net gains on investments
Net (expenditure)/income
Transfer between funds
Net movement in funds
Reconciliation of funds
Funds at beginning of year
Funds at the end of year		 For the year ended 31st March 2025
Note Unrestricted Designated Restricted
Funds
Funds
Funds
£
£
£
2
122,086
-
8,760
3
2,777,712
-
-
4
51,348
-
-
5
3,260
-
-
_
_
_
2,954,406
-
8,760
___
___
___
8,818
-
-
6
1,844
-
-
7
2,904,094
128,706
-
eas
7
-
-
177,898
_
_ _
2,914,756
128,706
177,898
___
_ _
9
39,650
(128,706) (169,138)
8,248
-
-
_
_ _
9
47,898
(128,706) (169,138)
17
(1,502,874)
1,335,085
167,789
_
_ _
(1,454,976)
1,206,379
(1,349)
3,422,836
1,937,308
1,507
___
_ _
1,967,860
3,143,687
158
 Total
2025
£
130,846
2,777,712
51,348
3,260
_
2,963,166
___
8,818
1,844
3,032,800
177,898
_
3,221,360
___
(258,194)
8,248
_
(249,946)
-
_
(249,946)
5,361,651
___
5,111,705		 Total
2024
£
109,942
2,358,712
39,563
-
_
2,508,217
___
11,495
11,356
1,109,089
136,278
_
1,268,218
___
1,239,999
116,496
_
1,356,495
-
_
1,356,495
4,005,156
___
5,361,651

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.



Pallottine Missionary Sisters

Balance Sheet

At 31[st] March 2025

Note
Fixed assets
Tangible assets
13

Investments
14


Total fixed assets

Current assets
Debtors
15
Cash at bank and in hand

Total current assets
Liabilities
Creditors: amounts falling
due within one year
16

Net current assets
Net assets
Funds
Restricted funds
Unrestricted funds:
General funds
Designated funds

Total charity funds
17		 2025
2024
£
£
3,160,668
1,960,252
1,450,759
1,668,795
__
__
4,611,427
3,629,047
124,120
134,622
565,251
1,783,562
_
_
689,371
1,918,184
(189,093)
(185,580)
_
_
500,278
1,732,604
__
_
5,111,705
5,361,651

158
1,507
1,967,860
3,422,836
3,143,687
1,937,308
_
___
5,111,705
5,361,651

The financial statements were approved by the Trustees on 4[th] December 2025 and signed on their behalf by:

Reverend John Martin Trustee

Sr M Mc Nulty

Sister Mary McNulty Trustee



Pallottine Missionary Sisters

Statement of Cash Flows

For the year ended 31st March 2025
2025
Note
£
Cash flows from operating activities:
Net cash used in operating activities
22
(160,858)

__

Cash flows from investing activities:
Investment income
51,348
Purchase of tangible fixed assets
(1,335,085)

Disposal of tangible fixed assets
-

Proceeds from the disposal of investments
261,965
Purchase of investments
(49,841)

__

Net cash provided by investing activities
(1,071,613)

__

Change in cash and cash equivalents in
the year
(1,232,471)
Cash and cash equivalents brought forward
1,826,308
___

Cash and cash equivalents carried forward
23
593,837


 2024
£
(220,421)
__
39,563
(587,223)
1,708,401
155,535
(151,405)
__
1,164,871
__
944,450
881,858
___
1,826,308



For the year ended 31[st] March 2025

Pallottine Missionary Sisters

Notes to the Financial Statements

1. Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with the Charities SORP (FRS102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102 effective 1[st] January 2019). The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The charity constitutes a public benefit as defined by FRS102.

The accounts are presented in sterling and are rounded to the nearest pound.

Going concern

The trustees consider there are no material uncertainties about the charity’s ability to continue as a going concern. The review of the financial position, reserves level and future plans give trustees confidence the charity remains a going concern for the foreseeable future.

Funds structure

Unrestricted funds represent those monies which are freely available for application towards achieving any charitable purpose that falls within the charitable objects.

The tangible fixed asset fund comprises the net book value of the charity’s land and buildings and fixture and fittings. The existence of which is fundamental to the charity being able to perform its charitable work and thereby achieve its charitable objectives. The value represented by such assets should not be regarded therefore as realisable.

Designated funds comprise monies set aside out of unrestricted funds for specific future purpose or projects.

Restricted funds are to be used for specified purposes laid down by the donor. Expenditure for those purposes is charged to the fund.

Income recognition

All incoming resources are recognised once the charity has entitlement to the resources, it is certain the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.

Income comprises fees from private individuals and local authorities, donations and investment income.

Donations, including salaries and pensions received from the sisters, are recognised when the charity has confirmation of both the amount and settlement date.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

In accordance with the Charities SORP FRS102, volunteers’ time is not recognised.

Government Grants

Government grants are recognised when the grant has been received.

Financial instruments

The charity only holds financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrument are initially recognised at transaction value and subsequently measured at their settlement value.



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

1. Accounting policies (continued)

Expenditure recognition

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to that expenditure. All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. The classification between activities is as follows:

Expenditure on raising funds comprises investment managers’ fees.

Expenditure on charitable activities includes all costs associated with furthering the charitable purposes of the charity through the provision of its charitable activities. Such costs include donations and costs in respect of the support of members of the Congregation and enabling their ministry, including governance costs.

All expenditure is stated inclusive of irrecoverable VAT.

Allocation of support and governance costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide the support in the form of personal development, financial procedures, provision of office services and equipment and a suitable working environment.

Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect of its compliance with regulation and good practice.

All expenditure in support and governance is attributable directly to the charitable activity of supporting members of the Congregation and enabling their ministry and hence there has been no apportionment between headings.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost, net of depreciation. As permitted by FRS102, the value assigned to the properties that were revalued is now deemed their cost.

All assets costing more than £5,000 and with an expected useful life exceeding one year are capitalised. Depreciation is charged from the year of acquisition as follows:

Freehold buildings 50 years Plant and machinery 5% on cost Furniture and equipment 3 to 10 years Motor vehicles 25% reducing balance basis

Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.

Realised gains (or losses) on investment assets are calculated at the difference between disposal proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

1. Accounting policies (continued)

Debtors

Trade and other debtors are recognised at the settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity date of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Foreign currencies

Foreign currency balances are translated at the rate of exchange prevailing at the balance sheet date. Foreign currency gains and losses are included in the SOFA against expenditure for the financial year in which they are incurred.

Services provided by members of the Congregation

For the purpose of these accounts, no value has been placed on the administrative and other services provided by members of the Congregation.

Operating leases

Rentals paid under operating leases are charged to the income and expenditure account on a straight-line basis over the period of the lease.

Pension scheme

The charity operates a defined contribution pension scheme for the benefit of its employees. The assets of the scheme are held independently from those of the charity in an independent administered fund. The pension costs charged in the financial statements represent the contribution payable during the year.

Critical accounting estimates and areas of judgement

Preparation of the accounts require the trustees to make significant judgements and estimates. The items in the accounts where these judgements and estimates have been made include:

2. Donations

2025 2024
£ £
Salaries and pensions 119,297 99,014
Donations 11,549 10,928
_ _
130,846
 109,942



Pallottine Missionary Sisters

Notes to the Financial Statements (continued) For the year ended 31[st] March 2025

3.
Income from charitable activities
Residents’ fees
4.
Investment income
Listed investments & bank interest
5.
Other income
Miscellaneous refunds
6.
Donations
Institutions and individuals		 2025
2024
£
£
2,777,712
2,358,712
_
_
2,777,712
2,358,712


2025
2024
£
£
51,348
39,563
_
_
51,348
39,563


2025
2024
£
£
3,260
-
_
_
3,260
-


2025
2024
£
£
1,844
11,356
_
_
1,844
11,356



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

7. Support of members of the congregation and operation of care home

2025 2024
£ £
Staff costs 1,927,959 1,611,320
Staff recruitment 23,876 6,181
Temporary staff 3,960 32,328
Provisions 97,301 92,575
Light and heat 88,504 109,703
Telephone 12,200 8,314
Sisters’ living and personal expenses 25,405 19,514
Education, training, spiritual and holidays 17,059 12,768
Rent and rates 21,046 30,407
Insurance 69,047 64,022
Motor and travel 19,434 17,884
Repairs and renewals 177,423 153,722
Depreciation 134,669 90,190
Printing, postage & stationery 3,857 3,428
Training 5,088 -
Legal and professional 83,344 102,936
Resident expenses 25,176 22,624
Staff uniforms 2,396 3,809
Support costs (note 8) 189,833 175,012
Governance costs (note 8) 23,116 19,948
Hire of equipment 38,252 30,506
Subscriptions 6,353 8,183
Bad debt (3,000) (2,750)
Profit on disposal of fixed asset - (1,547,703)
Cleaning 35,429 43,347
Sundries - 821
Funeral costs 5,073 -
__ __
3,032,800 1,109,089
Support of the congregation’s work overseas 177,898 136,278

8. Governance and support costs

Support Governance
costs costs 2025 2024
£ £ £ £
Staff costs 172,034 - 172,034 156,126
Advertising and marketing 5,985 - 5,985 4,268
Computer costs 11,814 - 11,814 14,618
Finance costs - 3,426 3,426 3,693
Auditor’s remuneration - 11,044 11,044 9,700
Legal and professional - 8,646 8,646 6,555
__ __ __ __

189,833		 23,116 212,949 194,960



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

9. Net (expenditure) before gains on investments

2025 2024
£ £
This is stated after charging:
Hire of equipment 38,252 30,506
Depreciation 134,669 90,190
Auditor’s remuneration 11,044
 9,700
10. Staff costs
2025 2024
£ £
Salaries and wages 1,907,757 1,610,808
Social security costs 158,017 128,787
Pension costs 34,219 27,851
_ _
2,099,993
 1,767,446
The average number of employees during the year was as follows:
2025 2024
Provision of care 81 77
Administration 3 3
_____ _____
84
 80
The number of employees whose emoluments exceeded £60,000:
2025 2024
£100,000 to £110,000 1
 1

Key Management Personnel

The key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis comprise the trustees, chief executive officer and the home managers. Total amounts of employee benefits (including employer pension contributions) received by key management personnel during the year was £226,185 (2024: £193,078).

Trustees Remuneration

As members of the Congregation, the trustees’ living and personal expenses during the year were borne by the charity. They received no remuneration. Fr Martin is reimbursed his travelling expenses in connection with his duties as trustee during the year. See note 12.



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

11. Comparatives for the statement of financial activities

Unrestricted Designated Restricted Total
Funds
Funds		 Funds 2024
£
£		 £ £
Income from:
Donations 2 108,182
-		 1,760 109,942
Operation of care home 3 2,358,712
-		 - 2,358,712
Investments 4 39,563
-		 - 39,563
Other 5 -
-		 - -
___ ___ ___ ___
Total income 2,506,457
-		 1,760 2,508,217
___ ___ ___ ___
Expenditure on
Cost of raising funds:
Investment management costs 11,495
-		 - 11,495
Expenditure on charitable activities:
Charitable donations 6 11,356
-		 - 11,356
Support members of the congregation
and operation of care home 7 1,027,840
81,249		 - 1,109,089
Support of the congregation work overseas 7 -
-		 136,278 136,278
___ ___ ___ ___
Total expenditure 1,050,691
81,249		 136,278 1,268,218
___ ___ ___ ___
Net income (expenditure)
Before gain/(losses) on investments 9 1,455,766
(81,249)		 (134,518) 1,239,999
Net (losses)/gains on investments 116,496
-		 - 116,496
___ ___ ___ ___
Net income/(expenditure) 9 1,572,262
(81,249)		 (134,518) 1,356,495
Transfer between funds 17 (533,700)
399,182		 134,518 -
___ ___ ___ ___
Net movement in funds 1,038,562
317,933		 - 1,356,495
Reconciliation of funds
Funds at beginning of year 2,384,274 1,619,375 1,507 4,005,156
___ ___ ___ ___
Funds at the end of year 3,422,836 1,937,308 1,507 5,361,651



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

12. Transactions with trustees

As members of the Congregation, none of the trustees have resources of their own as all earnings, pension and other income have been donated without conditions to the charity. During the year, the total amount donated by the trustees to the charity was £11,153 (2024: £10,303). Father J Martin was reimbursed for travel and office expenses of £1,442 (2024: £2,381) during the year.

13. Tangible fixed assets

Tangible fixed assets
Cost
At 1stApril 2024
Reclassification
Additions

At 31st March 2025
DEPRECIATION
At 1stApril 2024
Charge for the year

At 31st March 2025
Net book value
At 31st March 2025
At 31stMarch 2024		 Freehold
land and
buildings
2,800,829
(7,198)
1,065,493
_

3,859,124
984,995
74,476
_

1,059,471
2,799,653
1,815,834		 Plant
and
machinery
£
-
7,198
252,792
_

259,990
-
13,000
_

13,000
246,990
-		 Furniture
and
equipment
£
1,273,338
-
16,800
_
1,290,138
1,151,864
41,230
_
1,193,094
97,044
121,474		 Motor
Vehicles
£
55,494
-
-
_
55,494
32,550
5,963
_
38,513
16,981
22,944		 Total
£
4,129,661
-
1,335,085
___
5,464,746
2,169,409
134,669
___
2,304,078
3,160,668
1,960,252

It is likely that there are material differences between the open market values of the charity’s UK freehold land and buildings and their book values. The amount of such differences cannot be ascertained without incurring significant costs which, in the opinion of the trustees, is not justified in terms of the benefit to the users of the accounts.



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

14. Investments

Investments
Listed
Investments Total 2024
£ £ £
Market value
At 1stApril 2024 1,626,049 1,626,049 1,513,683
Additions at cost 49,840 49,840 151,405
Disposals (265,147) (265,147) (155,535)
Net unrealised (losses)/gains 11,431 11,431 116,496
___ ___ ___
Market value at 31stMarch 2025 1,422,173 1,422,173 1,626,049
Cash held for reinvestment 28,586 28,586 42,746
___ ___ ___
At 31stMarch 2025 1,450,759
 1,450,759
 1,668,795
Listed investments at 31stMarch 2025 comprise the following:
2025 2024
£ £
UK Equities 281,211 406,286
Fixed interest 277,020 267,422
Global Equity 333,654 352,437
Alternatives 135,671 175,169
European Equity 49,519 63,765
North American Equity 239,142 242,230
Japan Equity 29,360 41,000
Emerging Market Equity 76,596 77,740
____ ____
1,422,173 1,626,049

Material investments with a market value of over 5% of the total market value of investments are as follows:

follows:
2025 2024
£ £
Vanguard S & P 500 UCITS EFT 82,222 -
Royal London Corporate Bond Fund 113,223 107,654
Invesco Fixed Interest Investment Series 107,997 105,648
Murray Intl Trust Ord 98,250 93,188
Trojan Investment Funds- Trojan Fund 83,712 -
Columbia Threadneedle Investment Funds 81,830 -
JP Morgan Fund ICVC-JPM US Equity Income Fund 80,886 -
Liontrust Investment Funds – Income Fund 76,564 -
W S Lindsell Train UK Equity Fund 76,392 -
Schroeder US Mid Cap Fund 76,034 -

All listed investments were dealt on a recognised stock exchange.



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

15. Debtors

15.
Debtors
Trade debtors
Other debtors
Prepayments
All debtor balances are due within one year.
16.
Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors

Deferred Income
Deferred income at 1stApril 2024
Utilised in the year
Received in the year
Balance at 31stMarch 2025
Deferred income consists of care fees paid in advance.		 _
 _
 2025
£
64,201
613
59,306
_

124,120

2025
£
83,163
60,474
37,191
8,265
_
189,093

£
4,911
(4,911)
9,395
__
9,395
 _
 2024
£
67,993
1,180
65,449
_
134,622

2024
£
82,061
68,614
29,253
5,652
_
185,580

£
441
(441)
4,911
_____
4,911

17. Funds

Tangible fixed assets fund

The tangible fixed asset fund represents the net book value of the charity land and buildings and fixture and fittings. A decision was made to separate this fund from the unrestricted fund and other designated funds of the charity in recognition of the fact that the tangible fixed assets are essential to the day-today work of the charity and as such, their value should not be regarded as funds that would be realisable with ease, in order to meet future contingencies. Transfers represent the net movements in fixed assets during the year.

Tanzania funds (Restricted)

The Tanzania fund represents fund accumulation in order to support the Pallottine Sister’s work in Tanzania. Transfers represent movement in funds paid out of unrestricted funds during the year.



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

Analysis by movements

2024 Income Transfers Expenditure Gains/ 2025
(losses)
£ £ £ £ £ £
Fixed assets fund 1,937,308 - 1,335,085 (128,706) - 3,143,687
Tanzania fund (Restricted) 1,507 8,760 167,789 (177,898) - 158
Unrestricted fund 3,422,836 2,954,406 (1,502,874) (2,914,756) 8,248 1,967,860
___ ___ ___ ___ ___ ___
5,361,651 2,963,166 - (3,221,360) 8,248 5,111,705
18. Analysis of net assets between funds
2025
General
Designated
Restricted
Fund
Funds
Funds
Total
£
£
£
£
Tangible fixed assets
16,981
3,143,687
-
3,160,668
Investments
1,450,759
-
-
1,450,759
Current assets
689,213
-
158
689,371
Current liabilities
(189,093)
-
-
(189,093)
_
_
_
_
1,967,860
3,143,687
158
5,111,705



2024
General
Designated
Restricted
Fund
Funds
Funds
Total
£
£
£
Tangible fixed assets
22,944
1,937,308
-
1,960,252
Investments
1,668,795
-
-
1,668,795
Current assets
1,916,677
-
1,507
1,918,184
Current liabilities
(185,580)
-
-
(185,580)
__
_
_
_
3,422,836
1,937,308
1,507
5,361,651

19. Leasing agreements

Minimum lease payments fall due as follows:

Minimum lease payments fall due as follows:
Non-cancellable
operating leases
2025 2024
£ £
Within one years 30,525 31,352
Between one and five years 28,128 3,965
After more than five years 3,906 -
_____ _____
62,559 35,317



Pallottine Missionary Sisters

Notes to the Financial Statements (continued)

For the year ended 31[st] March 2025

20. Related parties

Donations received from and expenses reimbursed to Trustees are disclosed in note 12 of the accounts. The total employer benefits of Key Management Personnel are disclosed in note 10 of the accounts.

21. Ultimate controlling party

The Charity is controlled by the members of the English Provincial of the Pallottine Missionary Sisters by the virtue of the fact that they appoint the trustees.

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds
Add back depreciation charges
Deduct investment income
(Losses)/Gains on investments
Profit on disposal of tangible fixed assets
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash used in operating activities
23.
Analysis of cash and cash equivalents
Cash at bank and in hand
Cash held by investment manager
Total cash and cash equivalents		 2025
2024
£
£
(249,946)
1,356,495
134,669
90,190
(51,348)
(39,563)
(8,248)
(116,496)
-
(1,547,703)
10,502
(6,335)
3,513
42,991
_
_
(160,858)
(220,421)

2025
2024
£
£
565,251
1,783,562
28,586
42,746
_
_
593,837
1,826,308

24. FRC Ethical Standard: Provision Available for Audits of Small Entities

In common with many other businesses of our size and nature, we use our auditors to assist with the preparation of the financial statements.



Issuer Allen Mills Howard Limited Document generated Thu, 27th Nov 2025 14:47:31 GMT Document fingerprint 5fb29fcaff97b33f84014364e4715fee

Parties involved with this document

Document processed

Party + Fingerprint

Thu, 11th Dec 2025 17:11:12 GMT Sister Mary McNulty - Signer (422d2da703cece56df84efa060db0958) Thu, 11th Dec 2025 22:35:08 GMT Rev John Joseph Martin - Signer (e11ef8cfd00203bb190976b93d78d270) Thu, 11th Dec 2025 22:35:08 GMT Simon Harrop - Copied In (a3b656f1f0ec16e5395cbdc726ded8a0) Thu, 11th Dec 2025 22:35:08 GMT Ros Greenwood - Copied In (85cfff24086657ac4e55062c2c5f78f2)

Audit history log

Date

Action

Thu, 27th Nov 2025 14:47:31 GMT Envelope generated with fingerprint 81a974fe534f831339e84da28307edfd (18.133.63.166) Thu, 27th Nov 2025 14:47:31 GMT Document generated with fingerprint 5fb29fcaff97b33f84014364e4715fee. (18.133.63.166) Thu, 27th Nov 2025 14:47:31 GMT Document generated with fingerprint 4f20edd9859b34697f490684b2d6858d. (18.133.63.166) Thu, 27th Nov 2025 14:47:31 GMT Sister Mary McNulty has been assigned to this envelope. (18.133.63.166) Thu, 27th Nov 2025 14:47:31 GMT Rev John Joseph Martin has been assigned to this envelope. (18.133.63.166) Thu, 27th Nov 2025 14:47:31 GMT Simon Harrop has been assigned to this envelope. (18.133.63.166) Thu, 27th Nov 2025 14:47:31 GMT Ros Greenwood has been assigned to this envelope. (18.133.63.166) Thu, 27th Nov 2025 14:47:43 GMT Envelope generated Thu, 27th Nov 2025 14:47:43 GMT Sent the envelope to Sister Mary McNulty for signing Thu, 27th Nov 2025 14:47:45 GMT Document emailed to party email Thu, 11th Dec 2025 17:07:44 GMT Sister Mary McNulty viewed the envelope (41.220.138.60) Thu, 11th Dec 2025 17:07:48 GMT Sister Mary McNulty viewed the envelope (41.220.138.60) Thu, 11th Dec 2025 17:11:12 GMT Sister Mary McNulty signed the envelope (41.220.138.60) Thu, 11th Dec 2025 17:11:13 GMT Sent the envelope to Rev John Joseph Martin for signing (41.220.138.60) Thu, 11th Dec 2025 17:11:13 GMT Document emailed to party email Thu, 11th Dec 2025 22:32:23 GMT Rev John Joseph Martin viewed the envelope (62.31.2.66)

Thu, 11th Dec 2025 22:35:08 GMT Thu, 11th Dec 2025 22:35:08 GMT Thu, 11th Dec 2025 22:35:08 GMT Thu, 11th Dec 2025 22:35:08 GMT Thu, 11th Dec 2025 22:35:08 GMT Thu, 11th Dec 2025 22:35:08 GMT Thu, 11th Dec 2025 22:35:08 GMT Thu, 11th Dec 2025 22:35:08 GMT Thu, 11th Dec 2025 22:35:08 GMT

Rev John Joseph Martin signed the envelope (62.31.2.66) Sent the envelope to Simon Harrop for signing (62.31.2.66) Sent the envelope to Ros Greenwood for signing (62.31.2.66) This envelope has been signed by all parties (62.31.2.66) Signed document confirmation emailed to party email (62.31.2.66) Signed document confirmation emailed to party email (62.31.2.66) Signed document confirmation emailed to party email (62.31.2.66) Signed document confirmation emailed to party email (62.31.2.66) Signed document confirmation emails have been sent to all parties. Document URL:

https://api.signable.app/shareable/envelope?t=adbe9dad-adc5-45c6-9ee3e12e79a3798f (62.31.2.66) Thu, 11th Dec 2025 22:35:10 GMT Document emailed to party email Thu, 11th Dec 2025 22:35:11 GMT Document emailed to party email