Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA Charity registration number 234201 (England and Wales) THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Sr.MJMik Sr. B Wiecek Sr. M Czemiak Sr. S Tupaj Sr. R Lofek Charlty number IEngland and Wales) 234201 Audltor AEL Markhams Ltd 2nd Floor 201 Haverslock Him Bel5￿9 Park London United Kingdom NW3 4QG Bankers 88rcl8ys Bank Flc Enfield Branch 20 The Town Enfield Middlesex EN2 6LY Metro Bank 1 Southampton Row London WC1B SHA Sollcltors Bales Wels 10 Quéèn Str￿t Place London EC4R 18E Stone ltiThJ LLP 13 Queen Square Bath BA1 2HJ Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) CONTENTS Pag• Trustees. report Statement ol Trusiees. responsibilities Independent auditorfs report 10-12 Statement ol financial activities 13 Balance shèet 14 Notes lo the financial statements 15-23 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statements for the year ended 31 December 2024. The fin8ncial statem8nts hav8 b8en pr8par8d in accordance the ar￿Un￿n9 policies s8t out in note 1 to th8 financial staternents and comply with Ihe Charity's Trust Dèed, thè Charities Acl 2011 and "Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReFK)rting Standard appliCa￿e in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161 Trust EstsbliBhment Th$ Sisters ol the Holy Family ol Nazarelh (G0￿j Shepher ¢8t$cheti¢al parish pro9ramm&s. Iliil Promotion ol prayer and praise and organisalion ol religious devotions Morning masses are open to the public three limes per week as well as adoration of the B￿sSed Sacrament. On SP8cial least days additional serV￿aS lake plac4. livl Maintenance of public religious buri81 places The members ol the Religious Order deal with the mainlen8nr* of graves owned by Ihe Ch8rity. Iv) Provlslon and maintènanca ol rèligious art￿ and itèffts US8d in r•I￿louS sèNic8s or practlcas Vessels and items required lor church services are kept in usabl6 order and prepared for use on a daily basis in the Charity chapel and the local Catholic parish. Ivil Production. performance and promolton ol religious musical narralives The Charity provides personnel who org8nise and implemenl religiws music81 events working children and adults in 9roups and ¢hoirs. Iviil Organisation of cultural and community athwtias in tha place ol wotship and in thè Charitys faeilitiès The Charity faalitates the organisation of events and makes facilities available for migrants and other groups. to promote cultural cohesion. Promotlon of Educatlon The support for organisations offtrring ￿U¢#I1￿n of child￿n. youths and adults is 8 kgy 8spo¢t of tho work ol thg Charity. lil Support for the work ol education establishments which provide educaiion in accordance with the principles and practices of Catholicism The Religious Order managing the Charity appointed three of its members to three Calholic schools 1st Thornas More School. St Vincent's Catholic Primary and Our Lady Catholic H￿h Sch¢y)11 to engage in educational adivilies. lill Funding for education and books Financial support was given to undertake English language wogrammes of study. liiil Organisation of playgroups Infornial educational acts'vitses are organised by the Charity in its fa¢ilrbes, focussing on the needs of migrant families. livl Faeilitation of out-of-sCh(￿I education and actiwties in music, such as ehoirs Once a week the Polish Chtsir, ctsmprised of ythjth and adults, meet to leam, practice and prepare lor church and public perfomiances. In a¢Jdition, the Charity provided online and onsrte music dasses for mKJrants, induding voice projection and conducting. Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Promotlon of Educatlon contlnu8d Iv) Offering support for students with disabilities Charity personnel work on a part-time basis in StAnne's Primary School supporbng the educational developrnent of children Mth dis8bilities. Rell•f of thos• In n•od lil Care services for the elderty The Charity is responsible for the care. accommodation and provision of all services for the elderfy rnembers of the Enfield community. Two rnembers of the communty provide full-time care. The Sisters supporting the work of the Charity lak8 Holy Cornrnunion to the eld8rfy, the sick and housebound on a regular basi5," S8ver81 8cl as Extraordinary Ministers ol Holy COmmunk￿ at ¢￿vènI pansh Masses. Illl Visiting the sick and accompanying the homely Sisters supporting the work of the Charity visit the sick. ex•Students and parishioners in their own homes and in Nursing and Residential Homes. liiil Encouragemenl and 5UPPOrt of pasloral wrxk The Charity provides ongoing outr¥8d) 8sw$lan<* lo tho I￿1 parish through its personno18nd ol ils f8¢ilities. R•ll•l ol Poverty lil Re4evaluation of the use ol the Charity prOperl￿S to provide housing for those experiencing the consequences of poverty Ongoing planning for ¢he use of Ihe propety continues. The locus is on the renovabon of existing buildings to a$oert8in how mueh sp8¢e 1$ requireil by Ihe Current rssidenl u)mmunity and how rnuth space could be diveslgd lor futuro ront81 rooms fer low wagè èamèrs. 1151 Grants of money Financial assistance and food was prowded to individuals for basic needs. liiil Provision of ilems such as fumiture. bedding. dolhing. food and appliances There was a limited distribution of good5 10 individuals and charity shops. Ilvl Provision of facilities, serviees and support The Charivs chapel Is open to the public and M￿rant groups for church s&rvices and prayer at specifled times. Adjacent facilits'es an¢J the outside garden are used for meetiThJS, Fdaygroups, choir rehearsals, dasses and related Charity activities. The members of the Religious Order resident in the Charity laalities provide a listening ear for the lonely and confused and those slruggling wilh lile's challenges. Promotion of social cohesion The Charity provides faCIl￿eS for infomal gatherings and group meetings to support ktal communtty building to promote peace and ham)ony across cultU￿S and nationalities. Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE Thè Charity continues to provide a vride vanety of charilable services to Ihè local cornrnunity. ils institutions, groups sueh as migrants and individuals lace(I wth drfficult circumstancès. It is not èasy io assèss the Charity's performance as the benefits are often inlangible. In presenting this report on achievemenls and performance. the lolhxitwJ examples are provided featuring the main achievernents and performance areas. which can be parbally ¢haracterised by rates of parbcipalion, annual retention rates and the public demand for $8Nces. The ￿ntInuing requests from individuals and organisation5 for the Charity's service5 gives witne5S to the recognition of the usefulnes5 of the support provided. Outeomès In th• promotlon of r•llglon Facilities have been prowded for engagement in worship and praise services for a fange of groups. Annually be￿een 1.800-2.OCN) persons attend Ihe Sunday Maronrte masses.. beknn 1.50￿2.000 persons frorn the local community participate in the weekday rnasses.. and annually up lo persons aitend the adoration services. The rale of parti¢lP81ion in these devotional services incre8seil steadily over the ye8r. R$ligiou$ lo¢u$ed cultural and re¢￿atIOnal a¢livilie$ have been organi$en (>f three rèligious Sistèrs who èngagè in tè8ching acliviliès 8t thrèa Sch￿1$." St Thomas Morè School, St Vineènt's Catholic Primary and Our Lady Catholic High School. Thèir COm￿"ned anrolment totals approximatèty 2,300 studènts. Th8s• organisalions benefit from the (eaching expe￿'Se ol the Sisters in the areas of music, education for tha disadvantaged and assistance in literacy improvement. Equally important are the benefits accrued to individual pupils academically and through pastoral support. Outcome¥ in the promotion of relief of those in need The main work ol the Charity related to rtrlief of thosè in neeil embraces the provision ol full-ts.me care of elderly Sisters, and those with particular needs. The benefits of this actiwty is selloxplanalory for the persons concemed and known as standard practice in Ihe care sector. In addition. the Charity provides Eucharistic ministers to those living at home, in hostels. in care homes and in the local parish. These service visits number approximately 4,000 a year in providing rare, calering. pastoral care, spritual accompaniments and consolation. Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE contynued Outeomè5 In th• r•ll•f of poverty The Charity, through its provision ol money, goc¥Js, fatilities, seThices and prowding a listening ear, does what it can to respond to critical inadents according to ils available resources. While Ta￿lY is this form of charity adequate lo respond to the level of present needs. it is a slep in the chain of assistance required in many situations. Often it provides a link for those in need in identsfying other opty'ons for assistance in th8 longer tem. Helping others is a demonstration of our f8ith and cDrnmitment to be 8 supporbv8 presen￿ in the liv85 of others, spiritually, educ81ion8lly, socially 8nd financially. FINANCIAL REVIEW The main Charity resources in England coniinu6 to be provid8d by the salaiies and retiremenl pensions ol the Sisters.. they are covenanted to th8 Charity. There have not been any new appointments to England in 2024. The statement of financial actyvities shows that incoming resources in 2024 increased by £37.317 to £259,980 from £222,663 in 2023. Th* tot81 funds for tha yaar Increasad by £29,025 to £7.427,618 from £7,398,593 in 2023. R•8•rv•8 Pollcy It is the policy ol the Charity that unreslricted funds which have not been designated for a specific use should be maintained a¢ a level equivalenl to a minimum of tsvo years totsl expenditure. Based on an annual average of approximalely £330,000 per annum over the 18sI five years, this equate5 10 £660.000. The Trustees consider maintaining the reserves 81 Ihis level lo ensure that, in Ihe eveni of a significanl drop in funding, they will be able lo Continuè thè Charity's currant activitias while consid¢raI￿n is giv&n to ways in which additional funds may bè raised. This level ol resorves has beèn maintained throughout Ihe yèar. At tha ènd 012024 th8 Charity held free r&servès of £670,41912023- £620.7061 In equily Investments and £136,68112023- £153,547) in the bank and cash reserves. The Charity did not hold any restricted lunds at Ihe year end date12023 £nill. Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Naturè of Govèrnlng Drtumènt The Charity was established by a charitsbk Trust Deed on 3rd Apiil 1964. On 24 June 2015, the governing document was amended so as to redefine Ihe Society. and Ihe Superiorf as follows= °11AI'the Swiety" means the voluntary associats'on of women known as Ihe Good Shepherd Province of the Sisters of the Holy Family of N8z8rglh and any subsequent province formed c8nonically by the aggregation, merger or union ofthe Good Shepherd Province. or any succes50r wownce, wilh another province or other provinces." "11BI'lhe Superior. means thè person for the tim& b&ing holding the offic• of Provincial Sup•rior ol thè Society and during any vacancy in such offic& or when the person holding such office is unable lo carry out any ol the functions thereof includes the person or persons who under the canonical constilulions ol the Society is or are for the tim8 being entitled to carry out such function5 and. in delault of such person. the Superior General of the Congregation of the Holy Farnily ol Naza￿th.- The Trustees applied to Ihe Charity ComMiss￿n lo be¢ome a t#)dy ¢typ)ra¢e under th8 power given in section 251 ol the Charitiès Act 2011. On 29 Séptèmber 201S, Charity Commission granled a ¢ertificat8 of incorporation of the Trustees. Organlsatlonal slNctur• The Congregalion of the Sisters of the Holy Family of Naz8relh is an inlemalion81 religious order divided into a number of separate provinces and regions. Since March 2003, the Sisters in En9land functs'on as part of the G¢)od Shepherd Province. The Provin¢s is comprised ol Ihe congregation In Fran￿ an¢J 1181y, as well 8$ England, and is 8dminislèr6d by a Provinaal Superior and her council. To raflèd th• nèw intemational structurè, in 2015 thè Charlly registered a name change at the Charities Commission. Since 24 June 2015, the Charity is now officially named., The Sisters of the Holy Family ol Nazareth (Gocd Shepherd Province). In the Congregation'5 organisational chart. Ihe inlemational govemance body ol the Congregation of the Sisters of Ihe Holy Family of Nazarelh 15 known as the Gener81 Administration whose offices are located in Rome. 118ly. This 8dminisir8ts'¢n holds offi¢e until July 2028. Under the General Adrninlsira￿'on are the Congregation's provin¢tr5, traeh 8dministèr8d by a Provincial Supèrior and hèr Council. Jèsus Ihè G￿d Shèphèrd provincè. which ambr8CaS Englan(J, Franc• and Italy has its offices in Rom8. Italy. The Charity is locatéd in Enfièld, Middlasèx, in tha Unitad Kingdom. Admlnlstratlon and Management of the Charlty The Chair of the Trustees as well as the Trustees, are appointed from mernbers of the Sisters of the Holy Family of Nazareth IGood Shepherd Provin￿1. The adminislr8bve work of Ihe Charity relies on the appointment of three members of the Congregation to adrninister the business and managernent ofthe Charty. Ono Sister serves as th6 Chair of Trustees. a secorKI as Coordinator of the Local Community and thè third as Accounts Manager or bursar. Sr. M J Mikol Sr. B WIe￿k Sr. M Czerniak Sr. S Tupaj Sr. R Lofek Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Recruitment and appoirthent of Trustees TrustÈ8s arè appoint8d by the Prown(ial Suparior of JÈsu$ thé G(x)d Shèpherd Provini*. The Charity Trustees are all members of the C￿￿rega￿)n of the Holy Famity ol Nazareth. As a result of amendments lo the governing documenl enacted on 24 June 2015 which was amended so as to redefine 'the Society. and 'the Superiorf. the px)wer ol appointsng new Trustees now rests with the ProvincAal Superior ol the Jesus the Good Shepherd province rather than vrith the sU￿ric￿ General of Ihe worldwide Congregation based in the Generalale Housg in Rome. It81y. Since tha changès enaeted in 2015. the five Twslèès am appointèd by Ihè Superior Provin¢i81 and her Council for a term ol five years. The Trustees are ultimately responsible for thè achiev•mènt of thè objects ol the Charity, tha development ol policies and adminislralion ol the Chanty's a￿ts. The Trustees, report was approved by Ihe Board of Trustees. 'YfÉiT8UO¥f4W9" Sr. M J Mikol Trust•• Sr. B Wiecek Trust Date.. 13 October 202513.03 PM BST Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are responsible for preparing the Trustees. Report and the finanrial staternents in accordance with applicable law and Unf(ed Kingdorn Accounting Stsn¢Jards (united Kingdom Generalty Accepted Accounting Practicé). The law applicable to charlties in England arm1 Wales requires the Trustees to prepare flnanclal statements for ead) financial year which give a true and lair view ol the slate of affairs ol Ihe Charity and of the incoming resources and application of resources of the Charily for that year. In preparing these financial staternents. the Truslee5 are required to= 58lect suitable accounting policies and then apply them consistenUy- - observe the methods and principles in th8 Ch8rits'8s SORP.. m8ke judgemènts and estimatès that arè rèasonablè and prudent.. state whether applicable accounting standards have Idlowad, Sub￿ lo any matèrial departurès disclosed and explained in the financial slalements", and prepare the financial statements on the going conc4m basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting ￿CordS Ihat disdose with reasonable accuracy at any lirne the financial position of Ihe Charity and enable thern lo ensure that the financial statements cornply with the Ch8ritle5 Act 2011, the Charity (Accounts and R8portsl Regulatjons 2008 and the provisions of the trust d8ed. Th$y aro also rèsponsible lor salaguafding thè assè1$ ol lh& Chariiy and h&n¢e for tsking rgasonablo steps lor thg prèv8ntion and dèt8Ction of fraud and Ot￿r irr•gularitiès. Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) Oplnlon We have audited the financial slatements of The Sisters of the Holy Family of Nazareth (Good Shepherd Province) Ithe 'Charity'l for the year end8d 31 Dec8rnb8r 2024 vthich comprise the statement of fin8noi818¢tiviti8s, thg balance sheet and notes to the financial statements, Incjuding significant accounts'ng policie5. The financial reporting framework that has been applied In their preparatth) is applicable law and United Kingdom Accounting Standards, including Financial Reports"ng Standard 102 The Financial Reportirtg Slandard applicable in the UK and Republic ol Ir&land (United King(Jom Generally Accepted Accounting Praclicel. In our opinion, the financ4al statements.. givè 8 truè and lair vièw ol thè statè of the charity's affairs as at 31 D8c•mbar 2024 and ol ts inu)ming restsurcès and application of resources, lor the year then ended; have been property prepared in acwrdance wilh United Kingdom G8ner811y Accepied Accounling Practice,. and have been prepared in acxordanc8 With th8 Charities Act 2011. Basls for oplnlon We conducied our audit in accorflance wlh Intemalional Standards on Audits"ng ILIKI IISAS IUKII and appllcabla law. Our responsibilities under those standards are further described in the Auditorfs r9sponsibililies for tho audit of Ihe financial statements section ol our repori. We are independent ol the Charity in accordance with the ethical requirements that are relevan¢ to our audit of the financial slatements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe that the audit evidence we have obtsine¢J 1$ sufficient and 8ppropri8ie to providtr a basis for our Opinion. Conelu8loni rolatlng to galng coneèrn In auditing the fi'nancial slalemenls. we have concluded that Ihe Trustees. use of Ihe going concem basis of accounting in the preparation ol the financial ststements is appropriate. B8sÈd on thè work wè havè p8rfonn8d, wè havè nol idènlifiéd any m8tèrial uncèrt8intT8s rèlating tr) èvènts or conditions that, individually or colloebvely. may casi significant doubt on the Chanty's ability to continu• AS a going concèrn for a p8riod of at18ast hv&lv& n￿￿1hS from wh8n Ihe finanual slalamènts ar• authoris8d for Issu•. Our responsibilities and Ihe responsibililies of the Tnjslees with respect to goiThJ concern are described in the relevant sects'ons of this report. othgr Infomatlon The other Information cornprises the infomation i￿luded in the annual report other Ihan the finanaal statements and our auditor's report Ihereon. The Trustees are responsible for the other Informal￿n contained within the annual report. Our opinion on the financial slalemenis does not cover the other infomiation and we do not express any lomi of assurance condu5ion thereon. Our responsibility is lo read the other inforrnation and, in doing so, consider whether the other Information is rn8tenally inconsislent with the finanoal 5t8tements or our knowledge obtairTred in the course of th6 audit, or otherw5e appear5 to be matenally misstaled. 11 we identfy such tnatenal Incon51Stencies or apparent material misststements, we are ￿quir0d to detemiine whethèr this givès rise to a material misstatement in the financial statements themselves. If, based on the worf( we have perfom)ed. we conclude that the￿ is a material rnisstatement of this other inforniation. we are requi￿ io report that fact. We have nolhiry to report in this regard. 10- Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) Mattèrs on whleh wè ar• r•qulr•d to report by •xe•ptSon We have nothing to report in respect of the following malters in relab'on to which the Charrties (Accounts and Rewrtsl Regulations 2008 requires us to rew)rt io you rf. in our opinion.. the infomalion given In the financial statements is inconsistent in any material respect with the Trustees, report.. or suffiaent accounting ￿cOld$ have not been kept., or the financial statements are not in agwmenl with the aCc￿nting TecNds.' or we have not recèived all the 1nfomial￿n and explanations we require for atsdit. R•sponslbllltl•8 of Trust•es A5 8xpl8ined more lully in the stat8rngnl of Tru5t89s' resw)nsibilitl85. the Trust8es 8rg r85ponsiblg for thg p￿paratiOn ol the financial ststem$nts and for ￿Ing $ati$f*d Ihat thèy give a truè and fair view, and for such Internal control as thè Trustees delemiine is necessary to •nable the preparation ol financial statements that are free from material misslalement. whether due lo fraud or error. In prepann9 the finanaal statements. the Trustees are responsible for assessing the Charity's ability lo continue as a going Con￿rn. disclosing. as applicable, matters related to going concern and using the going cK)ncem basis ol accounknng unless the Trustees either intend to cease operats'ons, or have no realistic alternative but to do so. Audltorf• re*ponslbllltb88 for the audlt of the Ilnan¢lal Jtst¢mgnt• We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulat*Ms made or haviThJ effect thereunder. Our objective$ are to obtain reasona￿8 8ssur3n¢e about whether the fin8n¢ial $¢alemgnts 85 a whole are free from material misstatement, whether to Iravd or error, and to issue an audilorfs report that indudtrs our opinion. Reasonable assuranco Is a high lèval ol assurancè bul is nol a guarantèè Ihal an audit conductèd in accordanea with ISAS IUKI will always detect a matenal misstatement vA)en it exists. Misstatements can arise from fraud or error and are considered material il, individually or in the aggregate. they could reasonably be expectsd to influenc the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. a￿ inslances of non-cornpliance vthh laws and ￿gUlatiOnS. We design proCedU￿S in line with our responsibilitie5. Outlined above. to detect malerial mi5slalemenls in respect of irregularities, including Ir8ud. The exlent to whith our pr()cedur¢s a￿ capab￿ of 00t￿ljn9 irregulariknes. in¢luding fr8ud, is detailgd below.. Based on our understandino of the Chanty, we identified the principal risks of non-compliance with laws and regulations related lo the Charities Act 2011 and we conside￿d the extent to which tK)n•com￿lance might have a material effect on Ihe financial statements. We also considered Ihose laws and regulalions that are most likely to have a material impact on the financial slalements such as health and safety law. employrnent law and cornpliance wilh the Financial ReporDng Slandard FRSIO2. 11 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) Our approach to ident1fying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulalions was as follows". Enquiry of rnanagement and the Board of Tnjstees. induding consideration of known or suspected instances of non-cornpliance with laws and regulats'ons. accidents in Ihe workplace and fraud.. Questioning judgement5 and a5surnptions made by man8gernent in their s￿nifiCant aC￿unting estimates.. R8viewng fin8nci81 st8t&rn8nl disclosurg$ and t85ting to supw)rtirwJ documentation to as58ss compli8nce with applicable laws and regulations. Evaluating the risk ol management ovèrride of controls and evaluating the rationalè ol significant transactlons outside the nomal course ol acts'vitses. There are inherent limitations in the audil procedures d8scJibed above. The more removed the laws and regulations are from the financial transactions. the less likely rt is Ihat we would become aware of non-cornpliance. Material mi5ststement5 Ih8t arise due ¢0 Ir8ud can be harder lo deled Ihan those Ihal arise from error as they may involve d81ib8rat8 COnC8alment or collu$ion. A further descnption of our responsi￿lItieS is available on Ihe Finanual Reporting Coun¢il'$ wgbsitg at.. https'.11 www.Irc.org.ukJaudilorsr6sponsibilities. This description fc¥ms part of our auditorfs report. Usè of our r•port This report is made solely to the Charity's Tnjstees. as a body. in accDrdance wth part 4 01 the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undemaken so that we mighl state ¢0 the charitls trustees Ihose matters we are required lo slate lo them in an 8udi¢orfs report and for no other purpose. To the fullest exlenl perrnilted by law, we do I￿t accept or assume responsibility 10 anyone other than th8 charity and the ¢h8rity's trustees as a bo(ly, for our audit work, for thi$ r¢port, of lor th¢ opinions we have fomgd. Ootuawaw. C0&4CC3DD?CAIII Mr Marc Bennett (Senlor Statulory Audltorl For and on behalf olAEL Markhamg Ltd. StatutwAuditor Chartered Accountants 2nd Floor 201 Haverstoth Hill Belsize Park London NW3 40G United Kingdorn Date.. .......13 October 202517..55 AM PDT AEL Markhams Lld is eligible for appointment as auditor of Ihe Charity by virtue of its eligibility for appointment as auditor of a company under secliw 1212 of the Companies Act 2006. 12 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unre$¢ri¢ted nds 2024 Rgstri¢ted funds 2024 Total Unre$tri¢ted funds 2023 2024 Notes Incom? from: Donations and voluntary incom• Inve5trngnts 237,415 8.885 13,680 251,095 8,885 198,735 23,928 Tolal In¢omo 246,300 13.680 259,980 222,663 Ex￿ndItur+ on.. Charitable activities 258.701 13.680 272,361 360,079 Total oxpendltur? 256,701 13,680 272,361 360,079 Net gainsllk)ssesl on investments 11 41.426 41,426 37,511 N•t Ineom•ll•xp•ndltur•l and mov•m•nt In funds 29,025 29,025 199,9051 Reconclllallon of fund•'. Fund balanc6s at 1 January 2024 7.398,S93 7.398,593 7,498,498 Fund balane•s al 31 O•C•M￿r 2024 7,427,618 7.427,618 7,398,593 The ststgmtrnt of financial a¢tiviti¥s in¢lud&$ 811 gains arwj low$ f¢¢LyJnisod in th¥ y¥ar. All in¢om¥ an¢J gxpenditurg darivè from continuing 8ctivits8s. 13- Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notès Fixed assets Tangible assets Investrngnts 13 14 6,628.947 6.631,193 100 6,628.947 6,631,293 Current ass•ts Debtors Investments Cash at bank and in hand 15 16 13,405 670.419 136,681 13,824 620.706 153,547 820.505 788,077 Crodllor¥: omounis tslllng wlthln on• year 17 121,8341 120,7771 N•t eurront a•s•l8 798,671 767,300 Total a88•ts1•88 eurrènt l1ablllt￿s 7,427.618 7,398,593 Th• funds of th• Ch•rlty Unrestricted funds 19 7.427.618 7.398,593 7,427.618 7,398,593 13 Odober 202513'.03 PM BST The financial statements were approved by th8 Trustees on ......................... 9Mdby. Sr. M J Mikol Trust• ST. B WIe￿k Trusto• 14- Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charty information The Sisters of the Holy Family of Naza￿th (Good Shepherd Province) is a religious trust govemed by a Trust Deed dated 3rd April 1964 and is registered wilh the Charity Commission. Charity Registration No. 234201. It is based 8152 London Road. Enfield. Middlesex EN2 6EN. 1.1 Basls of preparatlon The accounts have been prepared in aco)rdance with the chari￿s trusl deed. the Charities Act 2011 and 'Accounting and Reporting by Charities.. Slaiemenl of Recommended Practy'ce applicable to charities preparing their accounts in 8¢cord8nce with the Financial Reporting St8nd8rd applicable in the UK and R8public of Ir81and IFRS 1021'18s am8nded for accountsng periods ￿mmen￿n9 from 1 Janu8ry 20161. Th8 Charity is a Public 8&nefit Entity as dèfinèd by FRS 102. The Charity has taken advantage of Ihe provisions in th8 SORP for charitses applying FRS 102 Updat8 Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Ch8ri1￿ (Accounts 8nd Reports) Regulabons 2008 only lo the extent required lo provide a Irue arKI lair view. Thi5 departure has involved followin9 the Stalernent of R$commended Practice for tharities applying FRS 102 rather than the version of the St8tgment of R8ctsmmended Practs'ce whl¢h Is refèrr￿ to in the Regulations but which has sincè beèn vAthdrawn. Th8 flnancial statements ar& pr8par8d In sterting. which is the functional cuff8ncy of the Charity. Monotary amounts in these financial statements are rounded lo the nearest £. The accounts have been prepared under Ihe histThical cost o)nvention, modffied io include the revaluats'on of freehold properties and to indude investmenl woperties and ￿rtain finanryal instruments at lair value. 1.2 Golng con￿rN At the lime of approving the finanaal statements. the Truslees have a ￿asOnable expeclation that the Charity has adequate resources lo continue in operational exis¢ence for the foreseeable future. Thus Ihe Trustees continue to adopl the going concem basis ol 8CCKrtJnDng in prepariThJ the financial staternenls. 1.3 Charllabl• funds Unrestricted lund$ are available for use * lh& diS￿lI￿n ol the Trusloes in ftJrtheran¢g of thoir ¢h8rit8ble obioctivès. 1.4 Income Income is recognised when the Charity is legally entiued to rt after any perfomiance conditions have been mel, the amounts can be measured reliabty. and it is probable that income will be re￿IVed. Cash donations are recognised on receipt. Olher donations are recognised once the Charity has been not￿ed of the donatK*n, unless perfomiance condrtions require deferral of Ihe amount. 1.5 Expenditure Expenses are included in Ihe financial ststements as they fan due. Expenses indude VAT where applicable as the Charity cannot redaim it. 1.6 Tanglble flxed assets Tangible Iixed assets are initially m8asurad at (x)st and subs8qU8nUy measurèd 8t cost or valuation, n8t of dèpreciats.on and any impaiment losses. 15 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Tangible fixed assets a￿ stated at cosl less depreciation. Depreciation is provided al rates calculated to write off the cost less estimated reshlual value of e￿h asset over its expected uselul lrfe. as 101h￿S.. Land and buildings Fixtures, fittings & equipment Motor vehicles 10%- 20°k Reducing balance 25% Reducing balance The galn or loss arfslng on the diswsal of an asset is delemined as the ￿￿erènce between the sale pro¢èeds and the carrying value ol the asset, and is reccxJniseil in Ihe statement ol financial aclivilies. Freehold land and buildings are not depreryaled on rnaleri81ity grounds. 1.7 Fixed asset investments Fixed asset investments am initially mèa$urgd at transaction pri¢& &xdudlng transactlon Costs, and arg subsequently measured at fair value al each reporting dale. Changes in fair value are racognised In net incomellexpenditurel for the year. Transaction costs are expensed as incurred. Current asset investsnents are measured al fair value at each repNting date. Change5 in lair value are recognised in net incomellexpendi¢vrel for the year. 1.8 Impalrm•nt of flx•d ass•ts At èach reporting and data, the Charity rwews car￿n9 amounts ol its tsngibl¥ assots to detemlne whèlhar thèrè is any indication that thosa ass•ts havè suffèred an impairnient loss. If any such Indicatlon exists, the recoverable amount ol Ihe assèt is estimaled in or¢Jer to d&temiin6 the &xt6nt ol the impairment loss lif any). 1.9 Cash and ea8h •qulvalénts Cash and cash equivalents include cash in hand. deposits held at call with bank5. olher short-terrn liquid inve5trnents with original maturilies ol three month5 or les5. and bank overdrafts. Bank overdrafts are shown wrthin borrowings in ¢urrenl liabilitie$. 1.10 Flnanelal instrumènts The Charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues. ol FRS 102 lo all of its financial instruments. Financi81 instruments ale recoJniseil in the Chariws balance shaet when the Ch8rtty bectsmes party ttr the contractual provisions of the instrument. Financial assets and liabilities are offsel. with the net amounts p￿senIed in Ihe financial statements, when there is a legally enforceable right to set off the re¢￿gnIsed amounts and there is an intention to settle on a net basi5 or io ￿aliSe the 8ssel and settle the liability simultaneousty. B8sic financial assets Basic f1nancial assets. which indude deblors and cash and bank balan￿$. a￿ initially measured at transaction pri￿ including transaction cosls and a￿ subsequenuy carried al aMor￿Sed c05t using the effective interest method unless the arrangement Cons￿'t￿te5 a financing transaction. where the transaction is measured at th8 pres8nt value of the future receipts distxxJnt8d 8t a m8rket r8t8 of interest. Finana81 a55ets classrfied as receivable within one year are not arnortised. 16 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Baslc flnanclal Ilabllltles 88sic financial liabilities, including creditors and bank loan5 are initially recogni5ed 8t transaction pric8 un185S the arrangernent constitutes a financing transactK)n, where the debt instrument is measured at the present value ol the future payments discounte(l at a Ma￿e1 rate of interest. Finanaal liabilities classified as payable within one year are not amortised. Debt instruments are subsequenuy carried at amorbsed ￿St. using the effective interest rate method. Tradg crediiors 8r8 obligations to pay for 9¢x)ds or service5 thal have been acquired in the ordinary cour59 of Operations from suppliers. Amounts payable arè dassrfied as curr8rit Iiabilitl8s if paymènt is due Wthin on8 yèar or less. 11 not, thèy are presented as non-cuffenl liabilities. Trade creditors are recognised Initially at transaction pnce and subsequently measured al amortised cost using the effective interest method. Derecognltlon of Ilnanclal Ilabllltles Financial liabilities are derecognised when Ihe Charity's contra¢tual obligations trxpire ¢y are dls¢harg$d or canc&llgd. 1.11 Employ•• b•n•flt8 The cost of any unused holiday enlitlemenl is re￿3n1¥ed in the pericKI in vthich the employee's services are r$¢eiv$¢J. 1.12 R•tlr•m•nt b•n•fits Payments io defined ¢ontribulion retirement benefit ￿hoMe$ 8re tharged as 8n expense as thoy fall due. Crltleal aeeountlng •stlmatès and ludg•mènt8 In the application of the Chariws accounb.ng pc4id8S. the Trustses are requlred to make ludgaments, estimates and assumptions about Ihe carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other laclors thal are considered to be relevant. Actual ￿su11S may differ frorn ¢hese estimates. The estimates 8n(J underlying 8$sumpiions a￿ ￿¥1&We￿ on an ongoing basis. R&visions t(> accounts'ng èstimatès ara raeognis*d in thè pèriod in which the 8stim8te is rèvised where thè rèvision affects only th8t period, or In the pericKI of the revision and fU1u￿ periods where the revision affecis both current and future p&riods. Income from donatlons and voluntary Income Unrestdcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts Other 7.888 229,527 7.710 191,025 7.710 191,025 13.680 243,207 237,415 13.680 251,095 198,735 198,735 17 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and voluntary income (Continued) The ' Other. donalions atrthe consists ol the salaries and pensons ol the Sisters which a￿ gifted under deed of covenant. It also includes conlributions from The Holy Family of Naza￿th Educational Trust charity in respect of pensions and carers allowance for Sisters who had worked or supported the Pitsford School. In¢omè Iram Invostmènts UnrèStrlct￿ Unr•8trlctod fvnds fvnds 2024 2023 R&ntsl in¢omg Interest r￿l¥able 17,291 6,637 8,885 8,865 23,928 Expendltur• on charltabl• a¢￿¥110•9 Charltable Charltable ExpendItU￿ Expenditure 2024 2023 Dlrect C08ts Charilablo ¢xp&nditurg 10,277 9,921 Shar• of support and govèmane• co•t• IM• not• 71 Support Govemance 246,984 15,120 341,158 9,000 272,381 360,079 Analysls by fund Unrestricted funds Restricted funds 258,701 13.680 360,079 272.381 360.079 Description of charitable activities Charitable Ex nditLJre The charitable expenditure of £10.27712023 - £9.9211 alTh ¢xJnsists of contn'butK•ns to the Generalate in Rome of£8,000 and other Small donations to IrKal Causes. 18 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activities 2024 2023 Staff costs Depreciation Support ol the rnembers of Ihe con9regats.on Govemance cosls 29,390 2.246 215,348 15,120 25,657 2,811 312,690 9,000 262,104 350,158 Analysgd bgtwe¥n'. Charitable Expenditure 262.104 350,158 Wlth thè exeeption of the dir•el charitabl• t1onations and ￿v￿Mance costs, all the eosts ol th8 Charty hava been classified as support costs. These costs include the maintenance ol the buildings. uiililies. loo(J. clothing, and the general health and welfare of the Sisters. The govemance CA)Sts ielate to professional fees lor the audit lindependenl examination in 20231 and accounlancy services. Net movement In fund• 2024 2023 The net movement in funds is stsled after ¢hargingllcseditingl'. Fe$s payabla lo thè chariiy's auditor.. -Audil I Independent Examination lees -Accounlaney lees Depreciation ol owned tangible fixed assels 8,520 6,600 2,246 3,000 6,000 2,811 Trusto•s The Trustees living and personal expenses are bome by the Charity as they are members of the congregation. None ol the Trustees lor any persons ¢xTrnrwled wilh them) r￿1Ved 8ny remunerdlion or reirnbursernent of expenses during the year in connection with Iheir duties. 10 Employ••8 The average monthly number of employees during the year was.. 2024 Number 2023 Number Kitchen staff Cleaning staff Total 19- Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Ernployees (Continued) Employment costs 2024 2023 Wages and salaries Other pension o)sts 28,973 417 25,273 384 29,390 25,657 There were no employees whose annual remuneration was m￿e than £60.000. 11 Galns and 1088•8 on Inv•stm•b)ts Unr•strlcted UnrestrScted funds funds 2024 2023 Galnslllossesl arising on.. Revaluation of investments 41,426 37,511 12 Taxatlon The charity is exempt from taXal￿n on its activities because all its ir￿e is applied lor charitable purposes. 13 Tanglble flxed asuts L•nd and t￿lIdIng• Flxtur••. fltUngB & •qulpm•nt Motor v•hlcl Total Cost or valuatlon At 1 January 2024 6.620.000 87,442 23,900 6.731,342 At 31 December 2024 6,620.000 87,442 23,900 6,731,342 O•pr•clatlon and Impalm)•nt At 1 January 2024 Depreciation charged in the year 76,399 2,209 23,750 37 100,149 2,246 At 31 D8c8mb8r 2024 78,608 23,787 102,395 Carrying arnount At 31 December 2024 6.620.1)00 8,834 113 6.628,947 At 31 December 2023 6,620.IJOO 11,043 150 6,631,193 20- Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Tangible fixed a5Set5 (Continued) The carrying value ol land induded in land and buildings comprises.. 2024 2023 Freehold 6.620,CiIO 6.620,000 Th& land and buildin9s ￿T¥ acquir¢d many y¢ar$ 890 and a$ $uch thè hIst￿lea1 cost is immatèrial. Th¥ Trustèes estimated thè valu8 ol land and buildiThJs at 31 Dec8mber 2024 to be £6,620,000. At 31 December 2024, had the ￿valued assets been carried at historic cost less accumulated depreciats'on and accumulated impairment losses. their carying amount would have been approximately £.12023- £-1. A5 there is no historical cost the revaluation suwus is effectively the valve of the 18nd and buildings of £6.620,00012023- £6,620.0001 14 Flx•d a8S•t Inv•slm•b)ts Unllstod Inv•stm•nts Cost or valuatlon At 1 January 2024 Disposals 100 11001 At 31 December 2024 Carrylng amount At 31 D&eambar 2024 At 31 December 2023 100 On 30 OCto￿r 2015 a Subsidiary cornpany called Housè of Joseph Ltd Ictsmpany registration number 98492621 was formed with the Chanty owning 11X)% of Ihè Issued sharè capital. In Oetobei 2024 tha company was dissolved as rt was no kJ)ger requi￿. 15 Oebtors 2024 2023 Amounts falling due within one year: Prepayments and 8Gcrued inwrne 13.405 13,824 21 Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Current asset investments 2024 2023 Unllsted Inv¢strnenlS 670,419 620,706 In 2013 the Trustees invested £430,C#)O with Epworth Inveslment Management in a combination of equty lund5, corporat8 bonds and d8POSit fund5. Ounn9 the 2021 year th8 rernaining fund5 held in incorn8 Unlt funds were switchÈd to accumulation unit funds. Al Ihè incomè gèneraièd is now accurnulated in thè valuè ol the fund so there Is no longer a separalely identsfiable income retum apart from deposit interest. At the year end date the value ol the fund was £670,41912023- £620,706). Induded In Ihe fund is £169,485 of cash deposits 12023- £161.2981. The investment portfolio is treated as a current asset as the funds are readily convertible into liquid funds and may need to be utilised at short nolic* rf required. 17 Crodltors: amounts tsllln9 dug wlthln ong 2024 2023 Oth$r taxallon and so¢lal sg¢udty Other creditors Accruals and def&rr8d income 519 2,518 18,797 11801 3,640 17,317 21.834 20,777 18 R•￿r•m*nt b•n•fit •ehém•• 2024 2023 O•fin•d Cont￿b￿lI0n seh•m•s Charge to proli( or loss in respeci ol defined C(￿lributiOn schemes 417 384 The Charity operat6s a ¢Jefined contributs.on pension sd)eme for all qualifying employeès. The assets of tha scheme are held separately from those of the Chanty in an ind&pendenUy administered fund. 19 Unrostrlctsd funds The unrestricted funds of Ihe charity comprise the unexpended balances of donations and grants which are not 5ubje¢t to specifi¢ condilions by donors arKI granlors as lo h¢)w Ihey may be used. These include designated ftjnds which have been set asid8 out of unrestricted ftjnds by th8 trust88s for specific purpose$. At 1 January 2024 Incoming rèsourcès R•soure•s èxp8nd•d Gains and lossas At31 D•c•mb•r 2024 General funds Revaluation reserve 778,593 6.620,C¥JO 246.3(MJ 1258.7011 41,426 807,618 6,620,000 22- Docusb)n Envelop& ID." 102C30B(kFE70461E.B7B1-84576DA697AA THE SISTERS OF THE HOLY FAMILY OF NAZARETH (GOOD SHEPHERD PROVINCE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Unrestrictsd funds (Continued) Prevlous year: At 1 January 2023 Incomlng resources Resources expended Galns and losses At31 December 2023 General funds Revaluation reserve 878,498 6,620.￿0 222.663 1360.0791 37,511 778,593 6.620,000 20 R•lat•d party transaetlon$ Transactlons wlth r•lat•d partbès During the ye8r Ihe Charity contributed t8,OCKJ lo Ihg PrO￿nri81 Gener818le in Romtr. 23-