The Sisters of the Infant
Jesus (Nicolas Barré)
General Trust
Annual Report and Accounts
31 December 2024
Charity Reoislr81ion Number
272581
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Contents
Reports
Referen￿ and administrative details
of the charity, ils Iruslee$ and 8dvisers
Trustees, report
Independent auditor's report
16
Accounts
Statement of financial 8clivities
20
Balance sheet
21
Slalemenl of cash flows
22
Principal 8ccounling policies
23
Noles lo the accounts
27
The Sisters of the Infant Jesus (Nicolas Barrél General Trust

Reference and administrative details of the charity* its trustegs and advisers
Trustees
Marie Pitcher IProvince LeaderlProvinciall
Margarel Walsh
Rosemary Barter
(The Iruslees 8re incorporated under the
Charities Act 20111
Flnanclal admlnlstrator
Noreen Morris
Principal addro38
42 Adams Hill
Bartley Green
Birmingham
832 3QG
Charlty roglstratlon number
272581
Investmènt powgrs
There are no re$lri¢lions on the Trustees, powers
ol investment.
Govornlng Instrument
Trust Deed dated 20 March 1975.
Audltor
Buzzacoll ALJdil LLP
130 Wood Street
London
EC2V 6DL
Prlncipal banker¥
HSBC plc
69 Pall Mall
London
SW1Y SEY
Investment managers
Sarasin & Partners LLP
Juxon House
100 Sl Paul's Churchyard
London
EC4M 8BU
Solicitors
Wedlake Bell LLP
52 Bedford Row
London
WC1R 4LR
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 1

Trustees. report 31 December 2024
The Iruslees present their report and the accounts of The Sisters of the Infant Jesus (Nicolas
Barrél General Tlusl Ilhe charilyl for the year ended 31 December 2024.
The accounts have been prepared in accordance with the accounting policies sel out on
pages 23 10 26 of the 8118ched accounts and comply with the charity's conslilulion, the
Charities Act 2011 and Accounting and Reporting by Charities.. S181emenl 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 IFRS 1021.
INTRODUCTION
The Inslilule ol the Sisters of the Infant Jesus (Nicolas Barrél is an Inlernalional Roman
Catholic Religious Order. The Congregation comprises of 8 Provinces.. Englandllreland,
France, Italy, Spain, Japan, Malaysia. Singapore and Thailandl. 3 Vice Provinces:
Cameroon, Nigeria and Peru and 3 Distrlcts.. Bolivia, Czech Republic and Myanmar.
These accounts cover the English Province of the Order which is governed by a Trust Deed
dated 20 March 1975. The Tfusl is regislerod with the Charity Commission, Registration
Number 272581.
TRUSTEES
The Trustees who served in the year and up lo the dale th8 accoun15 Were approvod were
as follows..
Marie Pitcher (Province Leaderl
Margaret Walsh
Rosemary Barter
RECRUITMENT, TRAINING AND INDUCTION OF TRUSTEES
The Trustees are appointed by the congreg81ion81 Leader lor three years which can be
renewed.
The Province itself is administered by the Province Leader and her team (who are Trusleesl.
The Trustees are kept informed on Charity Sector issues by Profession81 Advisors. Fact
Sheets, Newslellers from our Auditors and Legal Advisors and by allending Training
Workshops and Conferences.
The Province Leader allends the Charity Conference and furnishes the Trustees with
information on relevant issues.
LEGAL AND ADMINISTRATIVE INFORMATION
The Provincial Office, principal bankers and advisors are as shown on page 2.
Noreen Morris is Financial Administrator and carries out the work of the Provincial Bursar in
close liaison with the Provincial and her Team.
Pal Armalo IJS is the Safeguarding lead for the UK
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 2

Tru¥tees' report 31 December 2024
PUBLIC BENEFIT
The Trustees confirm that they have given due consideration lo the Charity Commission's
general guidance on public benefit. These requirements are addressed in this report.
OBJECTIVES AND POLICIES
The general objectives of the Order are for "such charitable purposes which advance the
religious and other charitable work for the lime being carried on in England and Wales or
elsewhere by or under the direction or with the support ol the Congregation as the Trustees
shall from lima lo lime think fil and with the approval of the Province Leader..
There have been no changes lo the objectives during the year.
GOING CONCERN
The Truslg8s confjdenl, given the strong Gash res@rv85 of th6 organisation, th8t the
org8nis8tion will continue as a goAng concem.
PRINCIPAL ACTIVITIES AND AIMS
The Inslilule of the Sislers of the Infant Jesus INico18s B8rrél aims lo advance religious and
other charitable work or purposes connected with the advancement of the development of
811. based on the Roman C8lholi¢ Tradition as the Trustees shall decide.
There are 5 Sisters lesidenl in Eng18nd. They live Iheir mission in Wolverhamplon,
Birmingham, London and Horsham. The sisters form one community. residing individually
in different 1oc81ions. They have remained in contact via all means possible lo help mainlain
Iheir emotional and spiritual well-being. They have also been able 10 8dapl lo the situation
within their various ministries and continue lo serve those around them, particularly in their
local communities.
All are involved In promoting and living 8 more sustainable lifestyle along with ¢8re for the
environment.
Every 6 years a General Chapter is held and the Chapter decides the focus for our mission
during the next 6 years. The theme which emerged during the Chapter held in Rome
JunelJuly 2019 invites us lo LISTEN even more carefully lo the Spirit speaking through each
person we mgel and lo discern what new path we should walk together lo improve all our
lives.
The Sisters of the Infant Jesus (Nicolas Barrèl General Trust 3

Trustees, report 31 December 2024
PRINCIPAL ACTIVITIES AND AIMS Iconlinuedl
The charitable works we 8re involved in fall under the following main headings..
Education
Sr. Pal Armalo continues lo be
involved in two Primary Schools in the
Slate sector in London. Following 41
years of leaching Sr. Pat is now a full
lime Governor al a mullicullural
School in Wesl London and also is a
volunteer at another School. Her
experienco and expertise is a great
resource lor both schoo15. She gives
'boosler' sessions wilh the pupils lo
support th8 work of r8ising standards in Math8 and English.
Our work in education is closely linked with the Charlsm of the Infant Jesus Sisters.. 'To
foster the growth ol all people in the Image of God" keeping in mind 'We must not look
for cherrles on a plum tree
so It Is wlth people. (Nicolas Barrél, as each is created
uniquely. This charism is lived as much outside of the classroom as well a8 in il 8SP8cially
in the building of community whorever we are.
Sister Pal is also involved in voluntary ministry with visitors lo tha local Prison. This service
is organised by PACT IPrison Advice and Care Trust) and she now does this al Womwood
Scrubs.
2. Famlly and Childron
Hope Famlly Centre, Heath Town Estate, Wolverh8mpton. Reglstered Charlty 1139362
hllp.'hopecommunilyprojecl.org.uk
, HOPE"
This is 8 Partnership between the Infant Jesus Sisters, Fr. Hudson's Care Ilhe social Care
Agency of Birmingham Archdiocese) and Sl. Patrick's parish in Wolverhampton. 11 was
opened October 2nd 1985.
The Sisters of the Infant Jesus INicolas Barrél General Trust 4

Trustees. report 31 December 2024
PRINCIPAL ACTIVITIES AND AIMS Icontinuedl
2. Family and Children Iconlinuedl
The aim of this project is to seek out, reach and support the most isolated, vulnerable and
disadvantaged people in the community, particularly those on the margins who struggle with
day lo day living and lo be accapled by society as a whole,. lo offer them a programme of
activities designed lo support them so that they can use their potential for a beller life for
themselves, their families and the local community.
Project aclivili85 include..
Door-knocking and home visiting service
Cla$$es in English for Speakers of Other Languages (individual and group sessions)
Volunleerlng opportunities for people from the local community.
A place of welcome including a Community Café
Food elub. pantry and emergency lood parcels
Clothing provision.
Oulre8ch for older people and telephone support lor those who are isolated
Support and opportunities lo promote independent living
F8cililalion of youth groups, workshops and slruclured informalion sessions for children
and young people
Support for young people al risk of exclusion, and aclivilies for children outside school
hours and during school holidays
Support group for families experiencing difficultie8
One-lo-one and group support for women experiencing relationship difficulties and
isolation.
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Trustees, report 31 December 2024
PRINCIPAL ACTIVITIES AND AIMS Iconlinuedl
2. Family and Children Iconlinuedl
Sr. Margaret Walsh IJS is Chair of the Hope Management Board and Sr. Pal Armalo IJS is
also a Iruslee.
'Welcomlng the stran9er'_ ESOL (Engllsh for Speakers Of Othor L•nguagès1
Brushstmkes http.'//www.brushslrokessandw811,org,uk/ Jolnt Pro1￿t IJ Slsters Charlty
No 272581 Fothgr Hudson's Care Charlty No 512992 and St Phlllp Nerl Parlsh Charlty
No 234216 It was opened In September, 1999.
Ifoko5
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Trustees, report 31 December 2024
PRINCIPAL ACTIVITIES AND AIMS Iconlinuedl
2. Family and Children {conlinuedl
This project is located in Smelhwick, West Midlands and is a partnership between the local
Parish ol Sl. Philip Neri, Fr. Hudson'8 Care (see above) and the Inlanl Jesus Sisters.
Brushstrokes reaches out lo those whose
dignity has been disregarded and those
who are the most forgollen and invisible
people in the neighbourhood and further
afield. As well as visiting people in their
homes. and networking with Ioc81 agencies,
8rushslrokes provides a range ol activities
for families, many of whom are refugees
and asylum seekers. In more recent years
Brushstrokes has opened 8 number of
satellite centras in other parts of Ihe Wesl
Midlands.
Brushstrokes corp services include..
Practical support through the provision ol food, clothing and household goods.
English Languag8 provision
Social and community activities
Health information and advice
Specialist advice including asylum support issues. benefits, housing and immigration
Specialist support S8rvices including employment. digital skills and refugee
reselllemenl services.
Sr. Margaret Walsh IJS is a member of the Management Committee.
Wormwood Scrubs Pony Centre, London
Registered Charity 1045045
www.wormwoodscrubsponycenlre.org
Sr. Mary Joy Langdon IJS is the founder and CEO of the
Womiwood Scrubs Pony Centre which offers equine
therapy and developmental progr8mmes for children and
young people. 11 has been delivering vital services lo
children, particularly those with special needs and physical
disabilities. for over three decades. The vision for the
Wormwood Scrubs Pony Centre has always been lo
provide a safe and supportive place where a11 children can grow and flourish in a caring and
nurturing environment. The Centre aims lo improve the quality of life for all involved, giving
many opportunities to both children and volunteers, which can enable them lo grow towards
their full potential
The Sisters of the Infant Jesu5 (Nicolas Barrél General Trust 7

Trustees, report 31 De￿rnber 2024
PRINCIPAL ACTIVITIES AND AIMS Iconlinuedl
2. Family and Children Iconlinuedl
HRH The prIn￿sS Royal, Princess Anne, re￿ntlY visited Ihe Wormwood Scrubs Pony
Centre lo mark the beginning of ils 351h anniversary celebrations. She paid Iribule lo Sister
Mary Joy in a Iwo-minule speech, describing her conlribulion and commitment as
'exc8plional', before she unveiled a plaque commemorating the visit. Martin Clunes is
patron of the Wormwood Scrubs Pony Centre and President of the British Horse Society.
Wofmwood Serubs Pony Centre is one of their highly approved cenlres.
Sister Mary Joy retired from Wormwood Scrubs Pony Cenlre on the 3111 December 2024.
with her long years of services and dedication celebrated al several events during the year.
Sister Mary Joy intends continuing her work on a part-lime basis in gquine Ihtrapy
programmes for children and young people during 2025.
They were able lo see how the centre is benefitling hundreds ol children and people in the
local area through riding and equine therapy.
The Sisters of the Infant Jesus (Nicolas Barrèl General Trust 8

Trustees. report 31 December 2024
PRINCIPALACTIVITIES AND AIMS Iconlinued}
2. Family and Children Iconlinuedl
St. Chad's S8ncluary Birmingham www.slchadssancluary.oom Registered Charity No.
114615111 was opene(l in knlarch 2010 and became 8 Registered Charity operating under
Charity Numbgr 1146151. On June I Ilh 2018 Sl. Chad's Sanctuary was registered as a
CIO (Charitable Incorporated Organisation und8r the charity numb6r.' l 178728
Sl. Chad's Sanctuary is a project supported by Sl. Chad's cathedral
and the Salvation Army, 11 was sel up lo welcome and support
asylum seekers and refugees especially those who are particularly
vulneratile.
Hope
Peace
Safety
Their core services include..
Welcome and hospilalily
English for $pe8ker$ of other languages
Classes on 'School readiness, for children who have not yel secured 8 school place
Social activities
Food parcels. clothing, hygiene products and household items
Information and signposting.
Service users come from across the world including Sudan, Eritrea, Iran, Syria, Pakistan,
Congo, Ethiopia, Zimbabwe, Somalia, and Afghanistan.
.1
Sr. Margaret Walsh IJS is 8 Iruslee and Patron of the project.
The Sisters of the Infant Jesus INicolas Barrél General Trust 9

Trustees. report 31 December 2024
FINANCIAL REVIEW
Results for the year
A summary of the year's results is sel out on page 20 of this annu81 report and accounts.
During the year lo 31 December 2024. income was £392,688 12023 £364,680). The
components ol income were don81ions (including pensions receivable from members of the
Institute under Gift Aid compliant Deeds of Covenanll and investment income and interest
receivable.
During the year the charity incurred expenditure of £162,616 12023
£222,753).
Expenditure on maintaining the members of the Inslilule and enabling them lo carry out their
charitable work was £129,926 12023 £123,490). Donations payable during the year
amounted lo £26,85712023 - £92,042). Further details of donations are given in note 4 10
Ihe allached accounts. Inveslmenl management fees for the period were £5,833 12023
£7.2211.
Nel income for the year before investment gains was £230,072 12023 £141.9271. Nel
investment gains for the year lolalled £190.27612023- nel gains of £122,242) and resulted
in 8 nel increase in funds of £420,34812023 - nel In¢rease in funds of £264,169).
Finan¢lal posltlon and reserves pollcy
The balance sheet shows lot81 funds of £5,598,258 al 31 December 2024 12023
£5.177,9101.
Of this, £562,677 12023.. £569,677) represents reslricled funds. Further details of these
lunds are given in note 13.
£839,686 12023.. £788,0831 represen15 the nel book value of the charity's tangible fixed
assets and an equivalent amount has been designated as a tangible fixed assets fund in
recognition of the fact that the assets are required lor the charity's operations and are not
available as a reserve lo fund activities or meet lulure contingencies.
Amounts lolalling £3,500,00012023'. £3,500,000) have been designated by the Iruslees for
the care of the sisters and their ministry as explained in note 15 to the accounts.
Funds which are available as free reseNes i.e. those unreslricled funds not designated for
specific purposes or otherwise commilled, are shown on the balance sheet as general funds
and amount lo £695,89512023 - £320,150},
Reserves pollcy
It is the Iruslees, aim to ensure that sufficient funds are generated to be able lo provide a
proper level of care for sisters of all ages as they need it. The ch8rily is reliant on investment
income necessary lo meet both currenl and lulijre requirements. To this end, regular
meetings are held lo ensure that sufficient funds are generated from the investment portfolio
and changes are made lo the portfolio as appropriate.
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 10

Trustees. report 31 December 2024
FINANCIAL REVIEW Iconlinuedl
Financlal position and reserves policy Iconlinuedl
Resgrv9s pollcy (conlinued)
The Iruslees consider that, given the nature of the charity's work. the level of free reserve$
should be sufficient lo cover up lo three year's on-going expenditure and lo provide lor
contingencies, unevenness in future income and vo181ility in the value of inv051ments.
Al the dale of the balance sheet, the Irusleos consider th81 the level of free reserves w8S
adequate.
Investment polScy and performanco
The charity's inveslmenls are managed by Sarasin 8nd Partners LLP. There are no
reslriclions on the charity's power lo invest. The investment strategy sel by the Iruslees
lakes into account income requiremenls, the risk profile and the investment manager's view
of the m8rkel prospects in the medium term, The sisters 18ke p8rticular note of the prudent
advice of the charity's investment manager.
The policy adopted by the charity is to maximise lolal rolurn through inv881ing in unllised
funds backed by a diversified portfolio whilst providing a level of income advised from Ilme
lo lime by the Iruste8s. There 18 also an Ethical Policy precluding investment in any company
which, afler reasonable enquiry. clearly has signilicanl profits from an activity which is
onlrary lo the objectives of the Catholic Church.
The investment policy is generally risk averse with the objective of producing lolal return
through growih in capital and income. The risk profile of the investments will be lowlmedium
and. in order lo salisly the requirements, investments normally comprise of UK Government
securities, leading UK companies. unil and inveslmenl trusts lincluding those investing in
major inlernalional markelsl. and in fixed interg51 sgcurilies whlch merit an international
rating of single A or beller.
The performance ol the portfolio and the charity's investment slr81egy have been reviewed
by the Iruslees, who are part of the investment committee which includes an independent
financial adviser. The financial adviser and the finance adminislralor, guided by the policy
of the Inslilule, meet with the investment managers on a regulai basis and report their
findings lo the truslees.
The policy of the charity is lo achieve a combination of income and capital growth wilhin
acceptable levels of risk. The trustees of the charily continue lo lake a long-lerm view and
believe the investment policy continues lo be appropriate.
The charity's two portfolios of inve$tmenls had a market value 8131 December 2024 of
£3,236,49612023.' £2,951,662) including cash available for reinveslmenl of £709,39412023:
£624,697)
The Sisters of the Infant Jesijs INicolas Barrél General Trust 11

Trustees, report 31 December 2024
FINANCIAL REVIEW Iconlinuedl
Inveslrnent policy and performance Iconlinuedl
During the ye8r, the charity's listed investments achieved an income yield of 4.31 D/o12023'.
2.70/0) and a capital yield of 4.290A12023." 5.90/01. The performance of the portfolio reflected
the condition of the markets generally throughout the period. The investment managers
continued lo invest in accordance with the Iruslees, investment policy sel out above. Further
details of the investment portfolio are detailed in note 10 lo the allached accounls.
FUTURE PLANS
The Iruslees do not 8nlicip8te any significant changos lo the charity s activities in the year
ahead.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitutlon
The Inslilule of the Sisters of the Inlanl Jesus (Nicolas Barrél is an International Roman
Catholic Religious Order. In terms ol Canon law, the Order is governed al an international
level by the Superior General and her Council. These officials are elected every six years al
General Chapter, the most recent of which was in JunelJuly 2019.
In terms of Civil law, the charity is governed by a IrL+sI deed dated 20 March 1975 and is a
registered ch8rily, Ch8rity Registration Number 272581.
Governance
As all Iruslees are members of the Order, they have a delailed knowledge of the work of Ihg
charity and of ils slrucluros. On being apF)oinled, new Iruslees are required lo spend some
time with those leaving office, lo receive a briefing on their responsibilities and the current
position of the charity. They also meet with the Inslilule's legal, accounting, inveslmenl and
property advisers during the course of a day lo obtain a full briefing ol their responsibilities
and the charity's position. On-going in-service training 18kes place during the mandate.
Trustees
The names of the Iruslees who served during the y8ar are sel out as part of the reference
and adminislralive detail$ on p8ge 1 of this Annual Report and Accounls.
Rocmltment, tralnlng and Inductlon of trustees
The Deed ol Trust does not slipulale a Minimum or maximum number of trustees. 11 slates
that Iruslees may be appointed and removed by the Provincial. Currently the number of
trustees is three. including the Provincial. In practice, members of the Provineial Council are
also trustees. Under the terms of the Order's Constilulions Irule of lifel generally the Council
term is two consecutive terms of three years each. In exceptional cases Ihis may be
increased 10 8 maximum of nine years. The Province itself is administered by the Provincial
and her team (who are Irusleesl.
The Iru51ees 8re kept informed on Charily Sector issues by Professional Advisors. Fact
Sheets, Newslellers from our auditors and legal advisors and by allending training
workshops and conferences.
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 12

Trustees. report 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Iconlinuedl
Recruitment, training and induction of trustees Iconlinuedl
The Provincial Leader attends the Charity Conference and furnishes the Iruslees with
information on relev8nl issues.
Legal and administrative infomiatlon
The Provincial Office, principal b8nkers and advisors are as shown on page 2.
Noreen Morris is Financial Adminislralor and carries out the work of the Provincial Bursar in
close118ison with the Provincial and her Team.
Pal Armalo IJS is the Safeguarding lead for the UK.
Structure and managemont rgPQrtlng
The Iruslees are ultimately responsible for the policies, activities and assets of the charity.
They meet regularly lo ieview all aspects regarding the charity and ils aclivilies. lo plan and
make relevant decisions for the lulure. When necessary, the Iruslees seek advice and
support from the charity's professional 8dviser8, including property consullanls, investment
managers, solicitors and accounlanls. The day-lo-day management of the charity's aclivilies
and the implemenlalion of policies are delegated lo the appropriate members of the Inslilule,
St•tement of tru8ts88' re8ponslbllltle8
The Iruslees are responsible for preparing the Iruslee$' report and accounts in accordance
with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally
Accepted Accounting Praclicel.
The 18w applicable lo charities in Eng18nd and Wales requires the Iruslees lo prepare
accounts lor each financial period which give a true and fair view of the slate of affairs of
the charity and of the income and expendilure of the charity for that period. In preparing the
accounts the Iruslees are required lo..
• select suitable accounting policie5 and then apply them consislenlly.,
observe the methods and principles of Accounting and Reporting by ChArilies'.
Slalemenl of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Slandard applicable in the United Kingdom and
R9public of Ireland IFRS 1021.,
make judgments and eslimales that are reasonable and prudent.,
slate whether applicable United Kingdorn Accounting Standards have been followed,
subject lo any material departures disclosed and explained In the accounts..
• prepare the accounts on the going concern basis unless it is inappropriate to assume
Ihal the charity will continue in operation.
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 13

Trustees. Trport 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Icontinuedl
Statement of trustees, responsibilities Iconlinuedl
The Iruslees are responsible for keeping accounting records which disclose with reasonable
accuracy al any lime the financial position of the charity and which enable them lo ensure
that the accounts comply with the Charities Acl 2011, the applicable Charity IAccounls and
Reports) Regulations and the provisions ol the conslilulion. They are also responsible lor
safeguarding the assets of the charity and hence for taking reasonable slaps for the
prevention and detection of fraud and other irregularities.
Key management personngl
The Iruslees consider that they comprise the key management of the charity in charge of
directing and controlling, running and operating the charitable trust and 118 successor charity
on a day lo day basis.
The Iruslees receive neither remuneration nor reimbursement of expenses in connection
with their duties as Iruslees or key m8n8gemenl personnel.
Pollcy on recelpt of donatlons and legacl8s
The charity aims lo achieve best practice in the way in which il communicates with donors
and other supporters. 11 prolecl8 donors. data and never sells data, il ngvor swaps data and
ensures that communication preference can be changed al any lime. The charity does not
employ the services of professional fundraisers. The charity undertakes lo react to and
invesli981e any complaints regarding ils approach lo those who give il money and to learn
from them. During the year, the charity received no such complaints,
Rlsk management
RISK REVIEW
The Trustees continue lo work on assessing the main risks lo which the ehafily is exposed,
in partlGular those relating lo specific operational areas of the charity, ils investments and ils
finances. The Trustees believe that by monitoring reservelovels, by ensuring controls exist
over financi81 systems and by examining the operational and business risks laced by the
charity, il has established effective systems lo miligale those risks, These systems are
frequently reviewed with a view lo possible updates and improvements.
The key risks lor the Charity identified by the Trustees are described below together with
the principal ways in which they are miligaled..
Loss of key personnel
Income sources
Loss of Reputation.
Loss of key personnel
The Province Leader and Financial Adminislralor hold much of the inlomialion which is
shared with the Provincial Team. If there was an ernergency our Accountants (Buzzacolll,
Insurers IPIB Insurance Brokers) and Investment managers (Sarasinl are familiar with our
processes. However, we are also aware that our diminishing numbers and increasing age
profile cause concern for the future and the Congregation al General Level is PLJtting in place
plans lo cope with this evolving scenario.
The Sisters of the Infant Jesus INicolas Barrél General Trust 14

Trustees. report 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Iconlinuedl
Risk management Iconlinuedl
Income sources
All the sisters are now of retirement age although no one is 'relir8d'. One sister receives a
salary for her work with the Wormwood Scrubs Pony Cenlre, a registered charity 1045045.
Income is limited 8nd so we will increasingly have lo depend on our inveslmenls. Good
budgeting and accounlabilily is encouraged and monitored lo make the most of our
resources for the good of all.
Loss of reputatlon
The impact of the far reaching inquiry into child soxual abLbse in England and Wales has an
effect on 811 Religious and members of the Calholic Church in Engl8nd 8nd Wales. There
are also financial implications with regard lo the running costs which will require
contributions from all Congregallons. We are members of COR (Conference of Religious of
England and Wales) and also subscribe lo CSSA Icalholic Saleguarding Standards Agency)
and RLSS IReligious Life Safeguarding Service). These organisalions keep us well informed
of steps we need lo lake in relation lo safeguarding.
COLLABORATORS OF THE ORDER
The Iruslees wish lo record their recognition of the professionalism end commitment ol all
their collaborators and individual members of Ihe Order. Their dedication is very much
apprecialed.
Signed on behalf of Ihe Iru$lees'.
Marie Pitcher
Trustee
Approved by the Iruslees on.. 15 May 2025
The Sisters of the Infant Jesus {Nicolas Barrél General Ttusl 15

Independent auditor's report 31 December 2024
Independont auditor's report to the trustses of the Sisters of the Infant Jgsus (Nicolas
Barrél General Trust
Opinion
We have audited Ihe accounts of the Sisters ol the Infant Jesus (Nicolas Barrèl General Trust
Ilhe charilyl for the year ended 31 December 2024 which comprise the statement ol financial
aclivilies, the balance sheet, the slalemenl of cash flow5, the principal accounting policies
and notes lo the accounts. The financial reporting framework Ihal has been applied in their
prep8ralion is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic
of Ireland, Iuniled Kingdom Generally Accepted Accounting Praclicel,
In our opinion, the accounts..
• give a true and f8ir view of the slate of the charity's affairs as at 31 December 2024 and
of 118 incoming resourcos and application of f8sources for the year then ended.,
• have been propgfly propared in accordance with United Kingdom Generally Accepted
Accounting Practice., and
• have been prepared in accordance with the requirements of the Charities Act 2011.
Basi# for oplnlon
We conducted our 8udll in accordance with Inlernalional Standards on Audlling IUKI IISAS
IUKII and applicable law. Our responsibilities under those standards are further described in
Ihe auditor's responsibilities lor the audit of the a¢¢ounls section of our report. We ar8
independent of the charity in accordance with the ethical requiremènts that are relèvant lo our
audit ol the accounts in the UK, including the FRC'S Ethical Standard, 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 lo provide a basis for our
opinion.
Conclusions relating to going concern
In auditing the accounts, we have concluded th81 the Iruslees, use of the going concern basis
of accounting in the preparation of the accounts Is 8pproprlal8.
88sed on the work we have performed, we have not idenlified any material uncertainties
relating to events or conditions that. individually or collectively, may cast significant doubl on
the charity's ability lo continue as a going concern for a period of al least twelve months from
when the accounts are aulhorised foi issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concern are
described in tho relevant sections of this report.
Other information
The other information comprises the information included in the annual report, including (he
Iruslees, report, other than the accounts and okjr auditor's report thereon. The Iruslees are
responsible for the other information. Our opinion on the accounts does nol cover the other
information and we do not express any form of assurance conclusion thereon.
The Sisters of the Inlant Jesus INicolas Barrél General Trust 16

Independent auditor's report 31 December 2024
Other information Iconlinuedl
Our fesponsibilily is lo read the other inlormalion and. in doing so, consider whether the other
information is materially inconsislenl with the accounts or our knowledge obtained in the
course of Ihe audit or otherwise appears lo be materially misslaled. If we idenlily such material
inconsistencies or apparent material misslalements, we are required to determine whether
this gives rise to a material misslalement in the accounts themselves. If, based on the work
we have performed, we conclude that there is 8 material miss18temenl of this other
information, we are required lo report that fact.
We have nothing lo report in this regard.
Matter8 on whlch we ore requlred to report by exceptlon
In the light of the knowledge and understanding of the charity and ils environmenl obtained
in the course of the audit, we have not identified material misslalemenls in the Iruslee5' report.
We have nothing lo report in resp8cl of the following mallers in relation lo which the Charities
(Accounts and Reports) Regulations 2008 requires us lo report lo you il, in our opinion,,
• the information given in the Iruslee5' report 15 incon$islenl in any material respect with the
accounts., or
sufficient accounting re¢ords have not been kept.. or
• the accounts are not in agreomenl with the aecounling records., or
we have not received all the infomialion and exp18nalion$ we require for Ouf audit.
Regponslbillties of trustees
As explained more fully in the Iruslees, responsibililies slalemenl. the Iruslees are responsible
for the preparation of the accounts and for being satisfied that they give a true and fair view.
and for such internal control as the Iruslee$ determine is neces88ry lo enable the preparation
of accounts that are free from material misslalemenl, whether due lo fraud or grror.
In preparing the accounts, the trustees are responsible fof assessing the charity's ability lo
continue as a going concern, disclosing, as applicablg, mallers related lo going concern and
using the going concern basis of accounting unless the Iruslees either intend lo liquidate the
charity of lo cease operations, or have no realistic allernalive bul lo do so.
Auditor's responsibllitles for the audit of the accounts
We have been appointed as auditor under section 144 of the Charities A¢1 2011 and report in
accordance with the Act and relevant regulations made or having effect Ihereunder.
Our objectives are lo obtain reasonable aSStjran￿ about whether the accounts as a whole
are free from material misslalemenl, whether due lo fraud or error, and lo issue an auditor's
rgport thal includes our oplnion. Reasonable assurance is a high level of assurance, bul is
not a guarantee that an audit conducted in accordance wrth ISAS IUKI will always detect a
material misstatement when il exists. Misstalemenls can arise from fraud or efror and are
considered materi81 if, individually or in the aggregate, they could reasonably be expected lo
influence the economic decisions of users taken on the basis of these accounts.
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 17

Independent audltor's report 31 December 2024
Auditor's re¥ponslbllltles for the audit of the accounts Iconlinuedl
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, lo delecl material
misslalemenls in respecl of irregularities, inclijding fraud. The extent to which our procedures
are capable ol delecling irregularities, including fraud is detailed below..
How the audit was con¥id&red capable ol detecting Irrggularltles Includln9 fraud
Our approach lo identifying and assessing the risks of material misslalemenl in respect of
Irregu18rilies, including fraud and non-compliance with laws and regul81ions, was as follows..
• the engagement partner ensured Ih8t the engagement tgam collectively had the
appropriate competence, capabilities and skills lo identify or recognise non.compliance
with applicable18ws and regulalions.,
• we identified the laws and regulations applicabl8 to the charity through discussions with
management and trusleas, and from our knowledge and experience of the charity sector,.
we focused on specific laws and regulations which wè considered may have a direct
material effect on the accounts or the activities of the charity. These Included bul were
not limited lo the Charities Act 2011 8nd Accounling and Reporting by Charities..
Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in
accordance with Ihe Financial Reporting Standard applicable lo the United Kingdom and
Republic ol Ireland IFRS 1021,. and
we assessed the exlenl of compliance with the laws and regulations identified above
through making enquiries of managemenl and those ¢harged with governance and
reviewed minutes of Iruslees, meetings.
We assessed the susceplibilily of the charity's 8ccounls lo material mis51atemenl, including
obtaining an understandin9 01 how fraud might occur, by..
making enquiries of management and Iruslees as lo where they considered there was
susceptibility lo fraud, their knowledge of actual. suspected and alleged Iraud., and
considering the internal controls in place lo mitigate risks of fr8ud and non-compliance
wilh 18ws and re9ulalion$.
To address the risk of fraud through management bias and override of controls, we..
+ perfomed analytical procedure5 10 identify any unusual or unexpected relationships.,
+ lesled and reviewed journal entries to identify unusual transactions:
carried our substantive testing of expenditure including the authorisation thereof..
assessed whether judgements and assumptions made in Oetèrmining the accounting
estimates were indicative of potential bias., and
investigated the rationale behind significant or unLJsual transaction5.
The Sisters of the Infant Jesus (Nicolas Barré} General Trust 18

Independent audltor's report 31 December 2024
Audltor's responsibilities for the audit of the accounts Iconlinuedl
How the audit was consldered capable of detecting irregularitles Includlng fraud
(continued)
In response lo the risk of irregularities and non-compliance with laws and regulations, we
designed procedures which included, bul were not limited lo..
agreeing accounts disclosures lo underlying supporting documenl81ion',
reading the minutes of meetings of Iruslees., and
enquiring of management and trustees as to actual and potential liligalion 8nd claims.
There are inherent limitations in otjr audit procedures described above. The more removed
that laws and regulations are from financial Iransaclions, the less likely 51 is that we would
become aware of non-compli8nce. Auditing standards also limit the audit procedures required
to identify non-compliance with laws and regulations lo enquiry of the truslges and olh$r
m8nag8menl and the inspection ol regulatory and legal correspondence, if any,
Material misslalemenls that arise due lo fraud can be harder lo delecl than those that arise
from error as they may involve deliberate conce81menl or collusion.
A further description ol our responsibili118s for the audit of the account8 18 located on the
Financial Reporting Council's website al www.frc.org.uk1aud￿Or8responslblliIle5. This
description forms part of our 8udilor's report.
Use of our roport
This report is made solely lo the charity's Iruslees, as a body. in accordance with Part 4 of
the Charities (Accounts and Reports) Regulalions 2008. Our audit work has been undertaken
so that we might slate lo the charily's Iruslees those mallers we are required lo slate lo them
in an auditor's report and for no other purpose. To the fullest extent permilled by law, we do
not accgpl or assume responsibility lo anyone other than the charity and the charity's Irusle8S
8$ a body, for our audit work, for this report, or for the opinions we have formed.
Buzzacott Audit LLP
Slalulory ALJdilor
130 Wood Street
London
EC2V 6DL
Date.. 16 May 2025
Buzzacotl Audit LLP is eligible lo act as an auditor in terms of section 1212 of the
Companies Act 2006
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 19

ststement of financial activities Year to 31 December 2024
2024
2023
Unr88trfcted Re$trlc¢¥d
Total Unlèslricled Re51ricled
Total
Notes
Inc¢)mg Irom..
Dtrnaiions and legacies
Investments and inlere51 receivable
Other Incotne
Total Incom•
263.203
129,485
263,203
129,485
251.883
111.297
1.500
364.680
251,883
111,297
1,500
364,680
392.688
392,686
Expendlture on..
Raising fund
Investment m8naoem8nl fees
Charilabk 8clivilie
Supwrt of m?mb8rs of th? Order snd their
minislry
Chanlable dongllonB
Total expendltur•
5.B33
6,833
7.221
7,221
129,928
129,920
123,4QO
19,653
150,384
123.490
92,042
222.753
19,657
155,610
7,000
7,000
26,8S7
162,816
72,389
72,389
Net Income l•xpendlturo1 bolor• n•t
Investment golns I191•o•1
237,072
17,0001
230,072
214,316
172.3891
141,927
Not galn811011o$1 on InvoBtm8nt auo•t•
10
190,276
190.278
122,242
122.242
Not fflovemoni In lund•
427,348
17.0001
420,348
336,558
172.3891
264,169
Reconclllbtlon ol lund•'.
Fuiids brought IoTward al l J4nu4ry 2024
Fund$ carr￿￿ lorwarcs 8131 December
2024
4,608,233
509,677
S,177,910
4,271,875
642.oee 4.913.741
5,035.681
662,677 5,598.2$8
4,608,233
589,877 5,177.910
All of the charity's 8clivilies during the above financial periods derlved from continuing operations.
All recognised gains and losses are included in the $181emenl of financial aclivilies.
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 20

Balance sheet 31 December 2024
Notes
2024
2024
2023
2023
Fix?d a$¥ots
T8ngibl6 ass8ts
Investments
839,686
3,236,496
4,076,1B2
788.083
2,951.662
3,739,745
10
Curr•nt a88Ots
Debtors
Cash al bank and in h8nd
2,132
1.540.882
1,543,014
2,007
1,453,596
1,455,603
Crèdltors.. amounts falling due
within one year
120,9381
117,4381
Net currgnt aa8èt8
Total nel a8S•t8
1,522.076
5,598.258
1,438,165
5.177,910
The funds of tho eharlty
Restricted fund
Unrestricted funds
General funds
Tangible fixed asBet5 Ivnd
DesKJn8l¥d fund
13
562,677
569,677
695.895
839.686
3,500,000
5,598.258
The notes on pages 23 10 32 foim part of these financial slalemenls.
320,150
788,083
3,500,000
5.177.910
14
15
Appioved by the IrLtslees and signed
on their behalf by..
Marie Pitcher
Tiuslee
Approved by the Iruslees on.. 15 May 2025
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 21

Statement of cash flows Year to 31 D￿rnber 2024
2024
2023
Note5
Cash flows from operating o¢tlvltl8s'.
Net cash provided by operating activities
107,981
39,445
Cash flows from Invejting activities..
Investment income and interest received
Purchase of investments
Purchasè ol tangible fixed asset
Nèt cash luged inl provlded by Inv•stlng actlvltlas
129,485
111,297
19,8611 1246.3341
155,6221
123.3351
64,002
1158.3721
Chango In cash and ca¥h gqulvolènt* In th• y•ar
171,983
1118,9271
Cash and cash oquiv•l•nt• ot 1 January 2024
B 2,078,293 2,197,220
Cash and cash oquivalents at 31 Do¢èmb•r 2024
B 2.2SO,276
2,078,293
Not8s to the ststement ol cash flows for tho year to 310ocemb8r 2024.
A Reconclllatlon of net movement In funds to net cash provld8d by operatlng actlvltles
2024
2023
Net movemgnt in fund• las pér th• 8tat•m•nt of flnanclal actSvltle81
Adlu8tmentB lor..
Depreciation charge
IG8insl losses on inv8stments
Invtrslment income and interest ￿Ceivable
Iln¢reasel decrease in dèbtors
Increase Idecreasel in creditor5
Not cash provld•d by operatlng actlvl¢lo8
420,348
264,189
4,019
4,019
1190,2761 1122,2421
1129,4651 1111.2971
11251
12041
3.500
5.000
107,961
39.445
8 Cash and cash equlvalents
Asat31
December
2023 Cash flows
A88t31
Dec8mber
2024
Cash 8t b8nk and in hand
Cash held by investrnent managers
Total cash and cash equlvalents
1,453,596
624,697
2.078.293
87,286
84,697
171,983
1,540,882
709,394
2.250,276
No separate slalemenl of Changes in nel debt has been prepared as there is no difference
belween the movements in cash and cash equivalents and movement in nel cash Idebll.
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 22

Principal accounting pollcles 31 December 2024
The principal accounting policies adopted, judgements and key sources of eslimalion
uncertainly in the preparation of the accounts are laid out below.
Basls of preparation
These accounts have been prepared for the year ended 31 December 2024 with
comparative information given in respect lo the year to 31 December 2023.
The accounts have been prepared under the historical cost convention with items
recognised al cost or transaction value unless otherwise slated in the relevant accounting
policies below or the notes lo these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by
Charities,. Slalemenl of Recommended Practice applicable lo charities preparlng their
a¢eounl8 in accordance with the Financi81 Reporting Standard applicable in the United
Kingdom and Republic of Ireland (Charities SORP FRS 1021. the Financial Reporting
Standard applicable in tha UK and Republic of Ireland IFRS 1021 and thg Charities Act 2011.
The ch8rily conslilules a public benefit enlily as defined by FRS 102.
The accounts 8re pr88enled in sterling and ar8 rounded lo the nearest pound.
Crltlcal accountlng estlmates and areas of Judgement
Preparation of the accounts requires the Irusl8es lo make significant jijdgements and
eslimales.
The items in Ihe accounls where such judgomonls and es1imalg$ have been made include..
eslimaling the usefLtI e¢onomic life of tangible fixed assets lor the purpose of calculating
the depreciation charge., and
delermining Ihg value of designated funds including the delerminalion of Ihe
assumptions made in determining the value of the retirement fund
Assessment of going concgrn
The Iruslees have assessed whether the use oflhe going concern assumption is appropriate
in preparing these accounts. The Iru51ees have made this assessment in respect lo a period
of al least one year from the date of approval of these accounts.
The Iruslees will continue lo keep both income and expenditure under review. Undoubtedly
there will be challenges ahead bul the truslees do not expect material concerns lo arise over
the charity's financial position Of going concern. The Iruslees have concluded that Ihe charity
will have sufficient resources lo meet ils liabilities as they fall due.
The Sisters of Ihe Infant Jesus (Nicolas Barrél General Trust 23

Principal accounting policies 31 December 2024
Income recognition
Irscome is recognised in the period in which the charity has enlillemenl lo the income, the
amount of income can b8 measured reliably and il is probable that the income will be
received.
Income comprises donations, investment income, bank inl8resl reeeivAble and other
income.
Donations, including salaries and pensions of individual religious received under Gift Aid or
deed ol covenant, are recognised when the eharily has confirmation ol both the amount and
selllemenl dale. In the event ol donations pledged bul not received, the amount is accrued
for where the receipt is considered probable. In the event that a donation is subject lo
conditions that require a level of perform8nce before the cttarily is entitled lo the funds, the
ncome is deferred and not recognised until either those conditions are fully mel. or the
fulfilmenl ol those conditions is wholly within the control of the charity and il is probable that
those conditions will be fulfilled in the reporting period.
In accordance with the Charities SORP FRS 102 volunteer lime is not recognised.
Investment income is recognised once the dividend has been dec18red and nolificalion has
been received of the dividend due. Inlefesl on funds held on deposit is included when
receivable and the amount can be measured reliably by the charily; this is normally upon
nolifi¢81ion of the inleresl paid or payable by the bank,
Expendlture recognltlon
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive
obligation commilling Ihe charity lo make a payment lo a third party. il is probable that a
transfer of economic benefits will be required in selllemenl and the amount ol the obligation
can be measured reliably.
All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs
and support costs. All expenses, including support costs, are allocated or apportioned lo the
applicable expenditure headings. The classification between activities is as follows..
• Expenditure on raising funds comprises investment management fees.
• Expenditure on Charitable activities includes all costs associated with furthering the
charitable purposes of the charity through the provision of its charitable aclivilies. Such
costs include charitable grants and donations and costs in respect lo the support of
members of the Order and enabling their ministry, including governance costs.
Charitable donations are made where the trustees consider there is real need following a
review of the details of each particular case. Donations are included in the slalemenl of
financial activities when (hey have been approved by Ihg Trustees.
All expenditure is staled inclusive of irrecoverable VAT.
The Sislefs of the Infanl Jesus INico18s Barrél General Trust 24

Principal accounting pollcles 31 December 2024
Allocatlon of support and governance costs
Support cosls represent indirect charitable expenditure. In order lo carry out the primary
purposes of the charity il is necessary lo provide support in the form of personnel
developmenl, financial procedures, provision of office services and equipment and a
suitable workin9 environment.
Governance costs comprise the costs involving the public accounlabilily of the charity
(including audit costs) and costs in respect lo ils compliance with regulation and good
practice.
All expenditure on support and governance is allribuled directly lo the charitable activities
of supporting members of the Inslilule as any governance costs in relation lo the provision
of donations and grants is considered lo be negligible.
T4nglble fixed assets
All assets costing more than £2,000 and with an expected useful Ilfe exceeding one year
are capilalised.
• Land and buildings
Land and buildings are those designed as, and used wholly or mainly for, private
residenli818ccommodalion. They are slated al cost. Such buildings are not depreciated.
Their value and condition are reviewod annually by the Iruslees. who are satisfied that
their residual value is not materially less than their book vaSue. Disposals and additions
lo land and buildings are accounted for on legal complelion of the relevant Iransaclion.
• Plant, furniture and equipment
Expenditure in relation lo plant, furniture and equipment is capitalised and depreciated
over a len-year period on a slraighl-line basis.
Motor vehicles
Expenditure on the purchase of motor vehicles 18 capilalised and depreciated over a
five-year period on a slraighl-line basis,
Fixed asset investments
Listed investments are a form ol basic financial instrument and are initially recognised al
their transaction value and subsequently measured al their fair v81ue 88 al the balance sheet
dale using the closing quoted market price. The charity does not acquire pul oplions,
derivatives or other complex financial inslrumenls. As noted above the main form of financial
risk faced by the charity is that of volalilily in equity markets and investment markets due lo
wider economic conditions, the altitude of investors lo investment risk, and changes in
senlimenl Con￿rning equities and within particular sectors or sub sectors.
Realised gains lor losses) on investment assets are calculated as the difference between
disposal proceeds and their opening carrying value or their purchase value is acquired
subsequent lo the first day of the financial year. Unrealised gains and losses are calculated
as the difference between the fair value 8t the year end and their carrying value al Ihal dale.
Realised and unrealised inveslmenl gains lor losses) are combined in the statement of
financial activities and are credited lor debiledl in the year in which they arise. Cash held by
Ihe Investment Manager held for investment is disclosed as a fixed asset investment.
The Sisters of the Infant Jesus INi¢olas Barrél Gefieral Trust 25

Principal accounting policies 31 December 2024
Debtors
Debtors 8re recognised al Iheir selllemenl amount, less any provision for non-recoverabilily.
Prepayments are valued al the amount prepaid. They have been discounted lo the present
value of the lulure cash receipt where such discounting is material.
Cash at bank and In hand
Cash al bank and in hand represents such accounts and instruments that are available on
demand or have a malurily of less than three months from the dale of acquisition. Deposits
for more than three months bul less than one year 81 the lime the deposit is made have
been disclgsed as short-lerm deposits.
Creditors and provisions
Creditors and provisions are recognised when there Is an obligation al the balance sheet
dale as a result of a past event, il is probable that a transfer of economic benefit will be
required in selllemenl, and the amount of the selllemenl can be eslimaled reliably, Creditor5
8nd provisions are recognised al the amount Ihe charity anlicipales il will pay lo sellle the
debt. They have been discounted lo the present value ol the future cash payment where
such discounting is material.
Fund structuro
The funds ol the charily comprise reslricled lunds and unreslricled funds 8vai18ble for use
in furtherance of the charity s objectives al the discretion ol the Iruslees. Within the lolal
unreslricled funds are amounts representing tangible fixed assets and amounts which the
Iruslees have designaled for specilic purposes. Details of funds are provided in notes 13 10
15.
Servlces provlded by member8
For the purpose of these accounts, no monetary value has been placed on adminislr81ive
and other services provided by members of the Inslilule.
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 26

Notes to the accounts 31 December 2024
1 Income from.. donations
2024
2023
Unrestrlct8d Restricted
Total Unr&slncted Reslricled
Total
Pensions and 51milar Income
of Individual relig￿US
Other donations
262,895
308
263,203
262,895
306
283,203
251,426
457
251,883
251,428
457
251,883
2 Income from.. Investmgnts and Snterest recelvable
2024
Unrostrlcted Restrlcted
2023
Total Unr&$lricted Reslricled
To￿1
Income from 118t8d
Inv88tm8nt8
UK uniliy&d funds
68.219
68,21
57.030
57,030
Intsr08t rocelvgble
ash held by inveBlmenl
mgnagers
B8nk Inlere81
32,173
29,09J
129.485
32,17J
29,093
129.486
33.907
2D.360
111.297
33,907
20,380
111,297
3 ExpendSturg on: Support of member8 of the Ordor and their minlstry
2024
2023
Unr88tdctod Re•trlc10d
Total Unreslricled ReStr￿ted
Tol81
Sisters, living and p8rson81
expense
Premi8e8 and household co8t8
Educa11￿, Iraining anLI spirilu•l
renewal
Support ¢061$
Insuranc8
SubscriplKins Bnd Gonferencés
Sundry *Jminislr81ion cos15
GovernanGe cos15 Inole 51
50,872
49,266
60,872
49,266
51.251
48.479
51,251
48,479
1.350
1,36S
505
50S
9,614
4.348
2,863
11,610
129,926
9,614
9.000
1.645
1.690
10.520
123.490
9,000
1,645
1,690
10,920
123,490
2,863
11,610
129,926
The Sisters of the Infant Jesus (Nicolas Barrél General Trusl 27

Notes to the accounts 310ecember 2024
4 Expenditure on.. charitable donations
Donations during the year comprised..
2024
2023
Unr88trlcted Restricted
Total Unie$tn¢led Re$lncled
Totsl
WIKmwix)d Scrubs Pony Centre
Hope Family Centre (Hope
CTrrmunily ProieGI
Wdverhamplonl
Bru8hslrokes
Sl. Chad8 Sanctuary
Sl. Aidans Parhh
CAFOD
Mayhew Animal Sheiiar
Kids on the Green
Other $undry don81vns
3,000
3,000
6,000
2.500
83,389
65,889
2,600
2,500
2.500
2.500
4,500
2,500
2,500
4,500
2,600
2,SOO
2,500
2,500
2,000
2,000
s,￿0
3.000
1.000
2,000
2,000
3,000
1,000
7.653
9,367
9,3S7
7.653
19,887
7,000
26.857
19,653
72,389
92,042,
S Governance Go$ty
2024
2023
Le
018nd professional fees
11,610
10.920
6 Net Income lexpendlturfrl for tho year before net Investment galns 11088081
This is slal&d 8fter ch8rging',
Unreslricled and total
2024
2023
Staff costs Inote 71
Auditor's rernuneralion
Slalutory audit services..
Current year
Other servi¢e$'. advisory services
Depreaation
9,500
1,110
4,019
9,480
1.440
4,019
7 Staff costs and key management personnel
The charily did not employ any staff during the year12023 - nonel.
As noted in the Iruslees, report, the trustees consider they comprise the key management
personnel of the charity in charge of directing and controlling, running and oper81ing the
charity on 8 day-to-day basis.
The Iruslees are all members of the Order and whilst their living and personal expenses are
borne by the charity they receive no remuneration or additional reimbur5emenl ol expenses
in connection wilh their duties to the charity.
The Sisters of Ihe Infant Jesus (Nicolas Barré} Gener81 Trust 28

Notes to the accounts 31 December 2024
8 Taxation
The Sisters of the Infant Jestjs (Nicolas Barrél General Trust is a registered charity 8nd,
Iherefore. is not liable lo income 18x or corporation lax on income derived from ils charitable
aclivilies. as il falls within the various exemptions available to registered charities.
9 Tangible fixed assets
Land and PLqnl. furniture
building8 and equipment
Motor
vehicles
Total
CoBt
Al 1 January 2024
Addition5
Al 31 Dec8mbw 2024
758,326
13.056
55.622
69.578
51.719
824,001
SS,622
879,623
758.326
51.710
08pr•clatlon
Al 1 January 2024
Charge lor the year
At 31 Dfrcember 2024
2.556
1.396
3.952
33,362
2,e23
35,985
36,918
4,019
39,937
Not book valu88
Al 31 December 2024
Al 31 Decwnber 2023
738.320
758.326
68.826
11.400
15,734
18,357
839,886
788,083
Land and buildings include two properties held on long leases originally of 125 and 999
years, commencing on 1 July 1998 and 20 August 2016 respectively. The nel book value of
these properties al 31 Decembér 2024 and 31 December 2023 was £486,085.
As permilled under Fin8nci81 Reporting Standard 102, the charily continues 10 adopt a policy
of not revaluing ils tangible fixed 8ssets.
10 Investments
2024
2023
Llsted Investments
Market valuellair value al 1 January 2024
Additions
Net unrealised gains Ilosse51
Market valuelfair value at 31 De￿mber 2024
2,326,965
9,861
190,276
2,527,102
1,958,389
246,334
122,242
2,326,965
C*5h held by Investment managers
Llst•d invastmants and cash held lor r?-invg8tm•nt
709,394
3,236,496
624,697
2.951,662
Cost ol listed investments at 31 December 2024
1,890,706
1.880,845
All listed investments comprise units in Charity Aulhoiised Investment Funds, the underlying
investments of which were dealt in on a recognised stock exch8nge. These comprised..
2024
2023
Sara5in Endowmènt Fund Class A Incomè units
Sarasin Climate Active Endowments Fund C18ss A Income Unils
Sarasin Income and Reserves Fund Class A Inc
1,554.853
765,065
207,184
2,527,102
1,431,433
690.040
205,492
2.326,965
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 29

Notes to the accounts 31 December 2024
11 Debtors
2024
2023
Prepayments
2,132
2,007
12 Credltors: amounts falllng due wlthln one yoar
2024
2023
Monies adMiniste￿d by the chanly on beh8110l individual merrber3 of
the Order
Accruals
Donations payable
2,938
10,500
7,500
20,938
2.938
9.500
5.000
17,438
13 Restrlctgd fund
2024
2023
Al 1 January 2024
Expenditure in th• year
Al 31 0ec8mb6r 2024
569.677
17,0001
562,677
642,066
172.3891
569,677
The restricted fund comprises monies donated by a member of the Order following Ihe
inheritancè of a property. The nel proceed5 from th8 Sale of the property were gilled by the
member lo the charity under a declaration of trust in 2021. The fund is lo be used lo linance
donations lo organisalions and causes supported by the sister and by the charity.
14 Tanglble fixed assgts fund
2024
2023
Al 1 January 2024
Ntrt m¢vèments in the year
At 31 December 2024
788,083
51,603
839,686
768,767
19,316
788,083
The tangible fixed assets fund represents the nel book v81ue of the charity's propgrties and
other tangible assets. This fund is separaled from the general funds of the charily in
recognition of the fact that the tangible fixed assets are essential lo the day-lo-day work of
the charity and as such their value should not be regarded as funds that would be realisable
with ease, in order lo meet lulure contingencies.
The Sisters of the Infant Jesus (Nicolas Barrél General Trust 30

Notes to the accounts 31 December 2024
15 Designated fund
The income funds of the charity include the following fund designated by the Iruslees..
Rgtirgment reserve lund
The fund represents monies designated by the Iruslees lo provide for the members of the
Order in their reliremenl. 11 has been calcu181ed using actuarial principles and is reviewed
regularly by the Iruslees in the light of the resources available and those likely lo be required.
2024
2023
Al 1 January 2024
Designated during the year
Al 31 December 2024
3,500.000
3,250,000
250,000
3,500,000
3,500,000
16 Analyslg of net assets between funds
The fund balances are represented by the following 8ssels 8nd liabilities.
Tanglblo
G8nernl Ilxed Jjseti O••lgnatad Rg•trIGtgd
fund
fund
lund
lund
2024
Total
fundo
Fund balanc88 at 31 December 2024
are representod by..
Tangible fixed 855els
Listed Invosiments
Not currenl O$$¢18
Toi•l not •888ts
839.6e6
839.688
3,236,496
1,622.078
5,598,258
3,238.496
263.504
3,500,000
695,895
69S,895
562,877
$62,677
839,686
TAnglb
Iixed &8sets
fund
2023
Tolal
lunds
General
fund
Da8ign818d
fund
R88lrKled
fund
Fund b818nces al 31 Decernber 2023
are repre¥enled by
Tangible fixed asselB
Listed investments
Nei current a88818
Total nel 88sels
788,083
788.083
2.951.8e2
1,438,165
5.177.910
2,951.662
548.336
3,500.000
320,150
320,150
5eg,877
569,677
788,083
The tol81 unrealised gains as at 31 December 2024 conslilule movements on revaluation of
listed investments and were as follows..
2024
2023
Unrealised gains at 31 Decembgr 202485 includod above:
Total unrealised gains on listed investments
636,396
446,120
R•conciliation of movemènts in unrealised goins
Unrealised gains at 1 January 2024
Gauns Ilossesl arising on revaluation in the year
Total Ljnrealised gain5 al 31 Dècember 2024
446,120
190,276
636,396
323,878
122.242
446,120
The Sisters of the Infant Jesu5 (Nicolas Barrél General Trust 31

Notes to the accounts 31 December 2024
17 Transactions with trustees and other related party transactions
The charily's Iruslees are members of the Inslilule. While In England, their living and
personal expenses may be borne by the charity. No Iruslee received any remuneialion or
reimbursement of expenses in connection with their duties as Iruslees12023 - £nill.
As members of the Instilule, the trustees have no resources of their own 8S 811 earnings,
pensions and other income have been donated lo the charity under a Gift Aid compliant
Deed of Covenant. During the year, the lolal amount donated by the Iruslees lo the ch8rily
was £24,90712023- £24,556).
Sister Margaret Walsh, a Ifuslee of the charity is also a Iruslee ol the Hope Community
Projacl Wolverhampton Icharily Registration Number 11393621 and St. Chad's Sancluafy
Icharily Registration Number 11787281. During the year. the charity donated £2,500 lo the
Hope Community Project Wolverhampton and £2,000 lo St. Chad's Sanelu8ry 12023
£2,000 lo the Hope Community Project Wolverhampton and £2,000 lo Si. Chad's
Sancluaryl. Sister Margaret took no part in the decislon lo m8ke these donations.
There were no other rela18d party Ir8ns8clions during the year which require disclosure
(year lo 310ecember 2023- none).
18 Ultlmate control
The ch8rily, which is conslilul8d as a Irusl, was controlled throughout the period by the
Inslilule of the Si51ors of the Inlanl Jesus INicolas Barrél General Trust, by virtue of the fact
th81 th8 Pfovincial appoints all of the Iruslees.
The Sisters of the Infanl Jesus INicolas Barrél General Trust 32