2025-03-31-accounts

Duchesne Trust Report and Accounts 1 January 2024to 31 March 2025 ? 884()7 (l-.Iigyl,IllLI <illcl XK',IlL'%)

Contents Reference and administrative details of the Group...............-......... Trustees, report. Charitable projects involving members and friends...................... Administration of the Society of the Sacred Heart Life and Mission.........26 Trustees. Biographies . .35 Statement of Trustees, Responsibilities.... Independent Auditor's Report to the Trustees of Duchesne Trust............41 Accounts........................... ..44 .15 40 Accounting Policies. 10. Notes to the AG¢ounts....... .50 .57 Wewant to make a genuine effortto bringabout a morejust distribution of the world's resources, in solidarity with allwho suffer. We build communion wlth them by setting aside our own interests, by givlng, without seeking reward or gain, by sharing at every level in the Society and by depriving ourselves for the benefit of those who are in need of everything. We can do this if we are prepared to take the permanent risk of choosing a way of Life consistent with our option of solidarity with the poor and opressed Const. 5170-1715

References i. Reference and administrative details ofthe Group Registered Office Investment Managers BNY Mellon Wealth Managemenl 200 Park Avenue Newyork, NY 10166 USA 9 Bute Gardens London W6 7DR Contact Credit Suisse One Cabotsquare London E14 4Ql Sr. Paula Gruner Email.- [e-mail] Website= www.rscjinternational.org Goldman Sachs Internation8l River Court 120 Fleet Street London E14 4QJ Trustees Sr. Barbara Helen Dawson IretireL112112120241 Sr. Claire Pierrette Marie Castaing Ichair since Investec Wealth & Inve$tment Llmlted 121121241 30 Gresham Street London EC2V 7QN Sr. Marie J. Elonga Abompi (retired 221041251 Sr. Monica Esquivel Ballesteros (retired 221041251 Schroders & Co Limited Icazenovel Sr. Anne Marie Loyola Corry Iretired 17104120251 12 Moorgate London EC2R6DA Sr. Catherine Anne Lloyd (appointed 231091221 Sr. Maria Georgina Zubiria M. (retired 01112120251 Charltles Property Fund Sr. Francisca Rodriguez (appointed 221041251 Savllls Investment Management Sr. Paula Gruner (appointed 01112120251 33 Margaret Street, London W1 G OJD Sr. Noellina Nambusisi (appointed 22104120251 Sr. Sheila Smith (appointed 221041251 Auditor Custodian Haines Watts Swindon Llmlted Chartered Accountants Old Station House Station Approach Newport Street Swindon SN1 3DU BNY Mellonwealth Management 160 Queen Victoria Street 6th Floor London EC4V 4LA

Trustees, report 2. Trustees, report Thetrustees present their report and the audited group accounts of Duchesne TTUSt Ithe"Trust or the"Charty"I for the financial period from 1 January 2024 to 31 March 2025. Thes8 group accounts consolidate the results of the Duchesne Trust and the entity it controls being the Society of the Sacred Heart Generalate Ithe Society and the Motherhouse). The accounts have been prepared in accordance wtth the accounting policies to the accounts and complywiththech8ritysgoverningdocument, theChariliesAct2011 andAc¢ounting8nd Reporting by Charities: Statement of Recommended Practice ISORPI "Accounting and Reporting by Ch8rities" IFRS 1021 applicable to charities preparing their accounts in accordance with the Financial Reporting Stan(lard applicable in the UK and Republic of Ireland. Our purpose To promote the charitable work carried out or supported by the members of the Roman Catholic Religious Order, the Society ofthe Sacred Heart Strategic objectives Implementthe process of reorganization of the Society's membership and its public benef it activities through 4 apostolic priorities- Education. JPIC (Justice, Peace and Integrity of Creation), Spirituality and Formation of religious and lay people. Report lor the period from 1 january 2024 to 31 March 2025

Trustees, report 2.1 Aim (Objects) and Pl￿poSe Governance The Duchesne Trust is regulated by a Trust Deed dat8d 14 December 1983. The Trust is registered wf£h the Ch8rity Commission for England and Wales - Charity Registration No: 288467. Principal Aims The trustees of the Duchesné Trust aim to promote th8 charitable work Carried out or supported bythe membars of the Rom8n Caiholic Religious Older. the So¢iety ofthe Sacred Heart. When setting the objectives and planning the work of the Charity for the year. the trustees have consideredthe Charity Commission's generaiguid8nce on public benefit. 2.2 Objectives and Strategies Charitable Objective TheTrust existsto promote anyolthe charf(abie works carried out, or supported by.the Roman Catholic Religious Congregation known 88 the Soclety of the Sacred Heart (the Society}. Specifically, it funds activities associated with: The worldwide admlnlstration ofthe Society, through rnembers of the Generaiate supporting provinces and communities of the Congregation. In order to provide leadership and to strengthening the charism and spirit of the group- The administration of a f und tor solidarity. where projects involving members of the Congregation support and educ8tè vulnerable groups who live in poverty- this is often directed towards youth and educatlon, health (special needs and HIVIAIDSI, people on the move, and children and wornen in vulnerable Situations: The administration of 8 fund that guarantees the sustainabillty of the life and mission of the Society in the future and which. for some provinces, is already a reality- financial support for the 8UStenance of the sisters. both active and retired, in their daily needs, their initial and ongoing formation, the care of the slck and 81derly. their capital projects and their apostolic charitable minlstry. The General Chapter 2024 made 8 decislon thatthe Superior General and her Council approve the incorporation of new prlorlties in the Sustainability Fund. Strategies In the financlal perlod from 1 January 2024 to 31 March 2025, the Duchesne Trust. whTle continuing to support the charitable activities of the members in a worldwide context. epori lor the period from 118nuary 2024to 31 March 2025

Trustees. report supported the process of internal reorganlsation thatwill involvethe creation of eightterritorial entities grouping the current 27 Provinces or Districts. In August 2024 the Gener81 Chapter approved the establishment of 8 new provinces. This process is expected to be completed by December 2027. The governance of the new entities will be defined bythe SuperiorGeneral and hercouncil and Advisory Council compoyed of one member from each new provlnce. in accordance with the Constitutionsofthe Society 8s well as wrth the decisions and recommendations presented by the General Chapter 2024 emph8sizing the importance of defining, on the basis of existing educational, humanitarian, Teligious and charitable activities. howthe Apostolic Prlorltles can play 8 C8ntral role in the creation of the new provinces. The Apostolic Priorities During2024thetrustees in agreementwiththeGeneralSuperiorand hercouncil, andwiththe collaboration of the Internation81 PL8nning Commission of the Society, continued to support the strengthening of four Apostolic Priorities which were confirmed by thè Chaptor: 1. Educatlon Any process through which learning is exchanged, experiences are shared. and skills, knowledge and attitudes are developed, transmitted and acquired. involving children. young people and adults. All this in the context of formal education. popular education, socio- educational projects ané edu¢ation81 p8StOf81 care. 2. JPIC {Justice. Peace. Integrlty otcreation) Thè group has a finn commitment to a world that needs justice. pe8ce and care for creation. which impels it to act in a transformative way, especially in situations of particular vulnerability. This approach, full of passion, hope and ener8y, drives members to be better informed and trained on the interrelationships between the Ioc81, regional, n8tion81 and international levels, in order to collaborate more effectively towards structural and systemic change. This is one way of responding to four Imperatives of our time: addressing power relations: working for transformatlon and being transformed: caring for our common home; and welcomingihose who seek refuge and hopefora betterfuture. 3. Spirituallty The religious voc8tion of the members of the Society Sustalns their choice to give priority to spirituality by helping others to deepen th6ir interiority and encounter with Jesus. to become sensitive to his presence in each person, in othors and in th8 world. This priortty becomes life by strengthening the contemplative dirnension through the accompaniment of retreats. spiritual direction, p8Stor81 work. evangelisation, etc. At the same time, the group lavours eport for the period from 1 January 2024 to 31 March 2025

Trustses, report opening spaces, in dlverse contexts. in which the panners in mission. and many Laysisters and brothers, can explore. develop and express thelr splrituality. 4. Formotlon of roiigious and lay people "Adapted to the capabilities of each one and directed towards respondingto the challeng8s of the world. formation envisages the development of our spiritual, human and apostolic life. {Const. 721. Fostering spiritual. human growlh and apostolic lrfe at every level- in the context of initial and ongoing formation of RSCJ. formation with our lay partners for mission. for the transmission and sustainability OT our charism. for leadership and processes of change and transformation. The General Chapter 2024 un8nimously confirmed the four apostolic priorities of the Society unite the members in living the mission today and expressed its desire to respond to the need of young people through them. Consistent wf(h this choice the General Chapter decided that the Superior General and her Council approve the incorporation of new priorities in thè Sustainability Fund to cover the needs of life and mlsslon. Since September until the end of thelr mand8te on 12 December 2024, the leadership team and the trustees were preparing the transttion process guided by the Chapter's decisions. Th8 new leadershipteam started its mandate on 12 December8nd thanked allthe anim8tionwork done bythe previous team. The new Superior General, Sister Claire Castalng. joined as trustee onthe 12 December 2024. eport for the period from 1 January 2024 to 31 March 2025

Trustees. report 2.3 Structure, Management and Governance Govemance In terms of Canon law. the Society is governèd at an international level bythe Superior General and her Gener81 Council. The General Chapter of the Society. which is held every eight years. elects the Superior General and the Superior General then chooses the General Councillors. The Sisters are chosen for their personal qualities. their understanding and experience of the ministrles of the Sisters thioughout the world. and to secure a good skills mix. In tenns of Civil law, the Charty is governed by a Trust Deed dated 14 December 1983. The Trust is registered with the Charlty Commlssion for England and Wales - Charity Registration No: 288467. In 2024, the trustees devoted time. work and resources to updating the Du¢hesne Trust's bylaws. With the support and advice of solicitors from Stone King LLP. the Board of Trustees made the decision to establish a Charitable Incorporated Org8nis2tion - Duchesne Trust CIO. Working together they prep8red the Deed of Constitution. requested its registration with the Chgrity Commission. and thiswas accepted in September 17. At the same time. the Duchesne Trust has continued its charitable work and the trustees have had the opportunityto visit manyof the projects that receive grants 8nd some provinces of the Soci8tywiththe aimofaccompanyingand encouragingthe leaders and promotingthe mission of the Society in the drfferent countries where it Is present. With effect from midnight Dn 31 March 2025. the activities, assets and liabilities of the Charity were transferred to the Duchesne Trust CIO in accordance with a dee(J of transfer dated 10 April 2025. Organisation As established. the trustees have the final responsibilltyfor the policies. activities and assets of the Trust. They meet at least quarterLy to review developments with regard to the Trust and to m8ke significant decisions. The day-to-d8y manag8ment of the Trust's activities and the implementation of policies 8re delegated to appropriate st8ff of the Society. overseen by a trustee. Trustees The trustees who served during the period are listed on the Reference anA.admit￿t[at1vQ details..o.f_-ttte LQUP of this report in accordance with clause 14 of the Trust Deed. on 10 December 2024, the Superior General, Barbara Helen Dawson. appointed Sister Claire Pierrette Marie Castaing as a new trustee. On 12 December, the change of Superior General Report ol ihe Trustees 15 months to March 2025

Trustees, report took place. Sister Barbara Dawson, former Superior General, stepped do￿ as Chair of the Board of Trustees and was replaced by Sistèr Claire In both role9. Sister Barbara continued on the Board as a trust88. Like all new trustees, Sister Claire went through a process of formation by other trustees on the Board to become aware of her responsibilities as a trustee of 8 UK Charity, as well as what it means to be a trustee. Rernuneration of key management personnel The trustees consider that they comprise the key management of the Charity in charge of dir8Cting and controlling, running and operating the Charity on a day-to-day b8$iS. Alltrustees are members of the Society and their living costs and personal expenses are borne by th8 Motherhouse of the Society. They receive no remuneration or reimbursement of expenses in connection with their duties or responsibilities as trustees. Volunteers The administration ofthe TTUSt is done on a voluntary basis by members of the Soclety ofthe S8cred Heart. The trustees wish to record their appreciation of this work. 2.4 Relevant Policies 2.4.1 Donations and ￿'ant Inaking polici? Duringthe 15months ended 31 March 2025,the funds have been used to contlnue supporting charitable works that are particularly relevant to the work of education and social justice. The criteria forthe use of these funds are that the work carried out or supported must demonstrate a commltmentto: Promotlngjustice. development and care for the disadv8ntaged and marginalised: Promotin8 the development and formation of young people. espeelelly the most vulnerable: Allowing disadvantaged people to a¢hieve self-sufficiency. Education. both in torm81 and informal contexts. Supporting vulnerable people In emergency situations (wars. pandemics, natural disasters) Although exceptions can be made. it is necessary that a member of the Society be able to account for the use of the donatlon r&c&ived. Report of the Trusiees 15 months to March 2025

Trustees. report 2.4.2 Risk managLineiil In line withthe requirement fortrustees to undertake a risk assessment exercise and report on the same in their annual report. the Truste8s have assessed the rn8joI risks to which the Charity. its succe550r CIO and group entities are exposed. The trustées evaluated the major risks facingthe group during the financial period. Aftervarious dialogues. the trustees decided to devote particular attention to risks releted to investment management and updating the trust's statutes. To this end. the trustees requested advice in both areas and, after several meetings and discussions, took the fouowlng decisions.. to seek an Outsourced Chief Investment Manager IOCIOI to r8duce risk before the investment manager fetires. to constitute a Charitable Incorporated Oiganisation ICIOI and thus move from an unlncorporated Charity to a CIO. This ensures compliance with the regulations establishe(J and updated by the Charty Commission for England and Wales for trusts operating internation811y. Managing these slgniylcant risks involved investing time and financial resources throughout the financial period. The management of pyioritised rlsks has reduced risk exposure and produced positive results. Towards the end of 2024 and the first few months of 2025, administrative work intensified to facilitate the transltion from an unincorporated Charity to a Ch8rit8ble Incorporated Organisation ICIOI- Trustees have 8Lso devoted attentlon to specific operational 8reas of the group. its finances and updating policies and procedures with a view to transitioning from an unincorporated Charity to a CIO. The trustees believe that by monitoring reserve leveLs. by ensuring controls exist over key financial systems, by examining the operational and business risks faced bythe group. and by creatlng andlor updating policies and procedures, they have established eff8ctive systemsto mitigate those risks. 2.4.3 Re.seniL¥.s poIAc!T The Trustees have considered the need for unrestrlcted reserves of the Charity 8nd its successor CIO and consider that it is necessary to make a financial projectlon to assess the abilwtyto meet future obligations and the need to designate assets to ensure its stability in the medium and longterm. Report of the Trustees 15 months to M8rch 2025

TNstees' report In Updating its prolectlons the Trustees will consider the following: demographics of the Society's members; nature of the charitable work they carry out: changes taking place in the organisation of the new territorial provinces- Importance ol implem9nting apostolic priorities. foreseeable decline in Income from voluntary contribution8: growth of financial needs of provinces in which the number of members is Increasing. The Tiustees of the CIO will formulate the CIO'S updated reserves policy over the coming months. 2.4.4 IniTestnient PoliciT Durlngthefln8ncial period the investment policy and investment managers were reviewed and the Trust maintained the strategy in line with its current and future requirements. The investment oblectives remained unchanged: The primary focus wlll be to preserve the re81 capital value of the f unds received over 10 years. Togener8te cash of$4 million perannum. Achieve a longiem return. 10 year, net of 811 charges. of 0.5% to 1% per annum. above inflation. Due to the nature of where the Society oper8t8s an(1 undertakes its work. the definition of inflation is defined as the average rate of inflation in the United States of America as d6fined bythe"Consumer Price Index" ov8rthe past2ye8rs. All expenditure of the Generalate and those provinces that will require assistance in the next five years will be translated to USD at the time of the request for funding so that the exchange rates will normalise the level of inflation in thoge countries. The investment policy came into place on the 1 July 2011 and was revised in 2016, 2020 and 2023. The results for the 15 months to 31 March 2025. indicate that the objectwes have been met and since inception all objectives have been echleved. Report ot the Trustees 15 months to March 2025 10

Trustees, report The Investment Committee ot Duchesne Trust". reviewed the investment strategy and contimed that ￿ would need a real reiurn morethan 6.5% pér annum to meet Cgsh flowrequirem8nts and preserve capital. reviewed the asset allocation and made no changes- participated in the selection of the Outsourcèd Chlet Investment Officer i.e the OCIO Companyand made proposalstothe Board ofTrusteesfow its approval. recommended to the 808rd of Trustees the choice of a hybrid model for exercising discretionary authority: 70% discretlon tor the OCIO and 30% discretion to mak8 shared decisions with the parlicipation of the OCIO and the Investment Committee: will continuè as the Investment Committee of l)oth the Duchesne Trust and the Charltable Incorporated Organisatlon {CIOI during the transition period. Considering the Ethlc81 Policy, specifically the Duchesne Trust seeks to invest In companies which: make a positive contribution to society. conserve energy and natural resources. have high employee welfare and equalopportunities records: provide high quality products and se￿iceS of longterm beneffi to the community. The Duchesne Trustwould not Wlsh to invest in companieswhich: produce and eistribute arms, 18ndmin8s and other products which destroy lrfe; produce and distribute pornographic material,. engage in irresponsible environment81 practices: actively support governmental regimes with oppresslve human fights policies. The Trust has also developed additional ethical policies where it felt further guidance and understanding is required (Jue to the complex nature of the type of companies or global investrnents it invests in. No ethic81 restrictions apply otherthan those set out above. 81though thè Trustees reserve the rightto exclude any investments in companies whose representation might prove damaging. directly or indirectly, to the purposes or reputation of the group. Report of the Trustees 15 months to March 2025 11

Tru*ees' report 2.4.5 Fiii(Incial Reviem. A summary oftho results forthe group forthe fifteen month period from l January 2024 to 31 March 2025 Ithe perio¢Jl. the date of the transfer of the net assets of the charitable groupto the CIO. c8n be found in note 20 ofthe attached accounts. 2.4.6 Financial reporl foi. thL pei'iod Tot81 income of the group for the period amounted to e6,408,533 lyear to 31 December 2023- 8.620.364). Of this income, 8 total of e1,214,391 lyear to 31 December 2023- 6 3.725.622) was r8ceived by way of donations and legacies. Income generated from the Ch8Ttty'S investments and interest receivable amounted to É5.194.142 (year to 31 December 2023 - ,894,7421. Expenditure for the period. excluding the transfer of net assets to the successor charltable group. tot8lled e18,693.420 lyear to 31 December 2023 - e10,330,8371. Expenditure incurred on raising funds for the perioé amounted to e6,518.946 lye8r to 31 December 2023 ,120.4841. Expenditure on supportingthe charitable workof the Societyofthe Sacred Heart and its members forthe period wase12.174.474 lyearto 31 December2023 46,210.353). Net expenditure, before Investment gains and the transfer to the successor charitable group. was therefore e12.284.887 lyearto 31 December2023-£1,710,473). After eccountlng for net investment gains of e18,S70.991 (year to 31 De¢emb9r 2023 11.490,1091, the net income for the period and the overall net Increase in funds. before the transfer of net assets Was É6.286.104 lyearto 31 December 2023-e9,779.6361. At midnight on 31 March 2025. the Charity's net assets were transferred to Duchesne Trust CIO Icharity Registratlon Number 1210066}. This transfer amounted to a donation of 149.659.067tothe successorcharity. Furtherdetailsofthetransferof netassetsofthegroup and the Charity are given in note 20 to the accounts. Investment performance The Charity's investment portfolio. priortothe transfer of net assets to the DuchesneTrust CIO had a marketvalue ofe191.259.7631310ecember 2023~e179.107,2111. and included cash held by investment managers of £17.810.551131 December 2023-e28.413,8301. Investment income generated from these investments and the nèt gains on investments 8re noted above. The investment man8gers continued to invest in accordance with the trustees, inv8Stment policy set out earlier in this repon. Report of the Trustees 15 months to March 2025

Trustee5' report ReseNes policy The reader will discern from the review of the year that the Charity has carried out, and its successor CIO will continue to carry out. a diverse range of activities. The Trustees have examined the need for free reserves i.e. those unrestricted funds not invested in tangible fixed assets, designeted for speciflc purposes or otherwise committed. Th8 Trustees considerthat. given the nature of the Charity's work and that ot its successor CIO and their commitments. the level of free reserves should be approximately two years. expenditure. Financial position Following the transfer of the net assets to Duchesne Trust CIO at midnight on 31 March 2025, Ihe group's b81ance sheet showed reserves of enil131 December 2023 - e144.623.8451. The total reseNes transferred at that date amounted to e151 m. The group's funds included restrlcted funds of £89m 131 December 2023 e78ml. Further details of the restricted funds are given in note 16 to the accounts. Ofthe remainingfundstransferred on 31 March 2025,£52,629,864131 December2023-e61MI 8re designated funds. Funh8r details of the designated funds are given in note 17 to the accounts. The tangible fixed assets fund 8mount8d to e263,311 131 December 2023 - e329KI and represented the property 8nd othertanglble flxed 85set5 essential for the support and work of thegroup. The baLance ofthefunds representfree reservesigeneralfundsland 8mountedtoe9m131 Dec 2023- e4.7M) The Trustees are of the opinion that the tree reserves (general funds) are adequate but not excessive for thè needs of the successor CIO. The group's assets Acqulsltlons and disp0s8ts of fixed assets durinE the year are recorded in the note to the accounts Tax exemptions The beneficiaries of the work of the Charity have the assurance that all the income of the Charity must be applied for charitable purposes in furtherance of the Charity's object of advan¢ing the religious and other charitable work of the Society connected with the advancement of tho Roman Catholic religion. The Charity enjoys tax exemption on income from its activities and on its investment income and gains, provided these are epplied tor its Charitable aims. The financial benefits received as a result of these exemptions are all applied Repori ol the Trustees 15 months to March 2025 13

Trustses. report forth8 purposes of advancingthe religious and other charitable work of the Charty connected with the advancement of the Roman Catholic religion. This enables and supports the Sisters to live out their faith and to put that faith into practice through a wide variety of reli¥ous and other charitable works. Fundraising The Charity on occasions recelves donations and voluntary incorne. It gims always to achieve best practice in the way in which it communicates with parishes. donors, and other supporters. Ittakes care with both the tone of its eommunications and the accuracy ol its data to minimise the pressures on parishioners. parochial church councils, donors. and supporters. It applies best practice to protect their dat8 8nd never sells data, it never swaps data and ensures that communication preferences cen be Changed at any time. The Charity manages its own activities with respect to raising funds and does not employ the servlces of professional fundraisers. The Charity undertakes lo react to and investigate any complaints regarding its activities for raisingf unds and to learn f rom them and improve its seNice. During the year. the Charity received no formal complaints about its activitie5 for raising funds. Future Plans Thè Trustees of the Charity end the Charity's successor CIO will continue working with the Society and the relevant professional bodie5 to meet the objectivès outlined previously in thls report. Report ol the Trustees 15 monihs to March 2025 14

Charltable projects 3. Charitable projects involving members and friends 3.1 Mother House Solidarity Fund General Information One of the key instruments by which the Society of the Sacred Heart carries out its charitable work in favor of the most vulnerable communitles and peoples is the"Mother House Solidarity Fund". Through this fund, the Society provides tunding to projects around the world, following the calls of both Chapt8r 2008 and Chaptei 2016 to INe justice. peace, and the integrty of creation in ourworld today. The fund is stewarded from the Generalate. through the Solldarity Fund Commission. according to published guidelines and criteria. The commission, which hos a three-year mandate. is made up of five RSCJS and one lay collaborator. Following a yearly calendar, it prepares the documentsforth8 call for proposals Iguidelines, lorm. FAQS. glossary), assesses the proposals submitted agalnst a set of criteria. shares their work and recomm8nd8tions to the General Council. and reviews the project achievements lendryof-activity report). The MHSF proposals and the UN'S Sustsinable Devetopment Goals The MHSF'S commitment to justice. peace and the Integrity of creation is guided by the Sustainable Development Goals ISDGSI. a unNersal call to action to end poverty. protectthe planet, 8nd ensure prosperityforall by 2030. While SDG 4 Quality Education is central to thè mission of the Society. the 17 SDGS remain important to the MHSF and are reflected in different projects. In March 2024, the Mother House Solidarity Fund IMHSFI received 36 project proposals: the Board of Trustees of Du¢hesn8 Trust approved 35 of them for 8 total amount of É 370 000. The Region of Africa received 4 grants. the Region of Asi8-Australia-New Zealand Ihereafter "ASIANZ"18. Europe 9 and the Region of the America5 Ihereafter °Philippine Duchesne"114 grants. The area of fo¢u$ of about 60% of the proposals is education. followed by social inclusion and support for basic needs. Five proposals address peace building and he81th care. With regard to target groups, chlldren and youth top the chart with 35% of the proposals addressingtheirneeds. Peopleonthe move and agentsoftransformation come nextwlth each one of them amounting to S proposals. The projects will be implemented from mid-2024 to mid-2025. and their reports of activities will be submitted in September 2025. In July 2023. the 2023 MHSF granted 8 total of É 252 500 for 28 projects in the regions of Africa 1111. Asia-Australia-New Ze818nd ASIANZ15). the Americas - Philippine Duchgsne 18) and Europe141. The projects were implemented between mid-2023 and mid-2024. Here are the results of one project per regionthat r8sponded at least to one of thefour SDGS revised in 2024 bythe High Level PolitlC81 Forum. The 2024 HLPF revision focuse(J on SDG 1 No Poverty, SDG Report of the Trustees 15 months to March 2025 15

Charitable projects 2 Zero Hunger. SDG 13 Climate Change. end SDG 16 Peace. Justice and Strong Institutions. The results of one projectfocusing on SDG 4 Quality Education is also reported. Philippine Duchesne l BrAziL Rio de Jafteiro. Alto da BOA Vista Heloisa blaLia Ro cs da Cunh3 ESC This project aimed to support teenagers from low-income families by 8ddressinE educational disparities and fostering personal grovrth. It provided tutoring, cultural enrlchment. and medi8 workshops to 50 students, helping bridge academic gaps. Mathematics tutoring focused on real-lrfe applications, maklng learning engaging. while language sessions encouraged reading, debating. and writing on social issues. indigenous history, and childrén's rlghts. The project also assisted students In preparing for prlmary 8¢hool final exams. crucial for accessing quality secondary educ8tion. Using the Freirean approach, the Initiative promoted crltlcal awereness and self-worth. Cultural enrichment included theatre visits, and m8dia workshops equipped students with ski118 in productlon and scriptwriting. helping them express complex topics Itke children's rights and climate change through digital storytelling. IT literacy played a vital role. enhancing their understanding of technolo8y'S Potential and challenges. The program led to signrfic8nt academic improvements. with students excelling in entrance exams for prestigious schools-one even earned 8 scholarship. Their attitudè toward mathematics shifted from frustration to curiosity. and their communication skills flourished, boosting confidence and critical thinking. Additionally, parental involvement strengthened family support neI￿OrkS. ensuring that students felt equal to peers from privileged backgrounds while breakingthe cycle ol poverty. 10 Report of the Trustees 15 months to march 2025 16

Chaiitable projects In'i I Media workshop Literature in language session oup debates Europe | Spain. Barcelona Redde hospitalidad. d¢vmPanamiexlo,' Migm | Pi]ar Pavia rscj This project tackled migrant housing challenges. reducing vulnerability ané homelessness by Providing stable accommodation for 45 individuals over 8 year. It fostered hosptt81ity. social int8gration. and intercultural exchange while offering legal support for residency regularization. Housing solutions included host families. community stays. and self-catering flats for 17 individuals. with food securFty ensured. Personaliz8d support involved sports. cultur81 events, and excursions to strengthen soclal connections. The initiative led to signrficant improvernents: 42 partlcipgnts secured better housing, ten completed residency processes and entered the workforce. while ten young people pursued professionBI Iraining ant1 18ngu8ge development in Spanish and Catalan. The project successfully laid the foundation for long-tèrm ￿8bIlIty. 16, Report of the Trustees 15 months to March 2025 17

Charitable projects Dinner with volijnieer anLrf rcsiOent5 In self- C8teringflai Parti¢ipanr's birthd8yparty8thos£ family One-wcck holiday Acriviryin hosthouse Phib"ppine Duchcsnc | Nlexico, Amealco, San Juan Dehedo CoAJtryendo expenennus ed¥ca¢iyaJ que IraKrfonnun wdas,. Fdxcunon J) BaraiA.C. An* m￿1￿ Ciceto rs This project supponed 493 vulnerable children and teenagers in rural areas, addressing educatlonal g8ps and socio-emotional development. Through a structured peace education program, 8cademic reinforcement, and creative activlties, it tostered values of tolerance. mutual respect, and self-awareness. Workshops in reading. writing. psychomotricty, and language targeted learning diff iculties, while a mobile toy library bridged school and community learning. Family-based activities strengthened bonds and encouraged meaningful interactions. As a result. 80% of participants improved self-confidence, emotional expression. and decision-making. They developed better self-regulation, strongerfriendships, and a greeter sense of collabor8tion. helping build ￿$l[lent community ties. Report of the Trustees 15 months to Narch 2025 18

Charitable projects Proactive summer camps Family activtties Reading and wrttinÉ workshop Report otlhe Trustees 15 months to March 2025 19

Charitable project$ Africa | Kenya, Eldotet, Langjs Tnes,fv 4Nd£Ygetdblepknlin£ lo combat cltmJt£ cbange al the Sanrd Hwrt Primary | Penina Wambale rscj This project planted over SOO trees to combat climate change and support vulnerable groups. The trees provided shade and helped preventwind erosion. forming a green fence alongside awlre mesh to securethe compound, though th8ft and damage occurred. Twenty unemployed. illiterate. and HIVIAIDS-affectèd workers from the Langas slum received agricultuial tr8ining. gaining skills that improved their farming practicès and daily dlet. Their green work provided income, enh8ncing their livelihoods and fostering sustain8bility. i(¢ wii VulnL?rabie workers pl8ntingvegerables Green and wire mesh fence Growing vegetatrleg8rtfen Report ot the Trustees 15 months to March 2025 20

Charitable projects SDG 16 Peace Asianz | Phi]ippines, LMindan20 Pnnttng ofinkngeffoAs a*lJab¢¢sfor Tts/aaAdig School￿ 0] 14ving Traknhons Rea&ng | GeThldine D. Villaluz rsci This project helpe(I preseNe an(1 revitalize the Binukid language in the Talaandig community by printing and dlstributing 337 alphabet books to three indigenous schools. The book became a keyteaching tool, fostering language retention an(J cultural enthusi8sm among children and youth. It encouraged participation in tradition81 customs, strenBthened cultural idÈntity, and countered historical m8rginalization. The initiative was celebrated with a thanksgiving event and graduation ceremony, marking its success in safeguarding indigenous knowledge and practices. 16 Famil￿e$ of the Sungko Tala8ncligschool otLiving Tr8rlitions displ8yingthe newslph8betbook Lgntapan School of Liwng Traditions Twelve fÈmal& 8nd eightm61eyouthgr8tlu8tes of Bar8nggy8ugGaon f81aandigSchool olLiving Traditions displ8yingthe new8lphabet book Ritusl of thanksgiving io the Spirit-KeeperB olthe i&llg(fage Repoit of the Trustees J 5 rnonths io March 2025 21

Charitable projects 3.2 Life in the Communities and Novitiates The trustees are convinced of the irnportence of the formation of new members so that they can dlscern their life project and freely decide whether they wish to become members of the Society or whether they wish to collaborate with the mlsslon of the Society in a simple and different lifestyle. They receive formation for their hum8n. spiritual and missionary development. During the early stages, they know experient1811ythe different ministries related to the four apostolic priorities. New members ofthe Societyin Africa Two new members of the uganda-Kènya Provlnce made their flrst commitment. The celebration was attended by their parents and other family members and friends; th8 Sisters in the UGK Province ènd four sisters from the RDC-Chad Province. some parishioners; some religious men and women from otheT congregation$- some of our collaborators and their teachers at St. Bernadette Primary School Nakibizzi. On September 21, 2024. the Province of RDC-TCH celebrated two important events in the parish church of Saint Marie de Kimwenza in the province of Kinshasa.. the lirst was the temporary profession of vows by novice Eunice Nzila Santu. and the second was the silver jubilee (twenty years of congecrated lifel of sisters Julienne Mansendi Mayamba 8nd Wivin8 Nkusu 'r Mbumba. Many people attended the Eu¢haristlC C8lebration, including members of the Sisters, families. some religious from other congreg8tions, partners in the mission, alumni of Sacred Heart schools, friends and parishioneis of Saint Marie de Kimwenza. Report of the Trustees 15 months to March 2025 22

Charitable projects New members in South and South Ea￿ASia The ASIANZ Novitiate in the Philippines welcomed three new novices to our Novitiate Community: Audreysihotangand Novi M8nek{from Indonesia) and Nithy Raj (from India). classes before coming to Montaiban in August. 2024. They Joined our 4 second year novices.- Marie Odis and Klaudiana Rua (from Indonesial and Kurnud Tirkey and Victoria Hapadg8r8 (from India). First Year Noviccs.. 'Il.qrtr} arptt Novi IINSI, Nithya (INDI Whlle they are In the novitlate, the novices arè taking Int8r¢ommunity Novitiate Formation classes with otherwomen and men in formation as well 8s participating in Society Seminarson ourlrfe and mission given by RSCJ from around the Society. Second Year Novices. and Victoria INO Tho novices are volunteering in chlldren's education and advocacy proEr8m at St. Madeleine Sophie Foundation ISMSF) located on our property in Montalban. Welcome Audrey. Novi and Nithy8 to the Societyofthe Sacred Heartl The ASIANZ Noviliale Cofflmunlty includin£ Ihe new PTVS Report of the Trusiees 15 monihs to Narch 2025 23

Charitable projects Firstvows in Asianz Onjuly 1, 2024, the ASIANZ Novitiate in Montalban, Philippines rejoiced with two young women who have chosen to join the Societyofthè ofthe Sacred Heart. Alongwith friends and members of their families and the mission partners of the Philippine District, RSCJ fromthelr respective communities and other Asian countries witnessed their commitmentwithjoyand gratitude. On October 19. 2024, the first vows of Oktaviani IIINSI, Magdalena IINSI end M8rtin8 IINSI were celebrated in the MaterAdmirabills communlty in Bandung. Indonesia. The ceremony was presided overbyFr. Leovan Beurden, OSC. Over 250 people attended the celebration and another 100 participated online Chicago Novitiate On September 7, Albe Romero Gangonells officially beg8n her novitiate. The International Novitiate Community in Chicago were joined on line by Nuria C8118ghan, Provincial ot Spain. Suzanne Cooke. Provincial of USC. Sally Brennan and members of her former community in Bilbao. Spaln. The Opening Ceremony was a joyous celebration of this next step in Alb8'S journey and our ongoing journéy In becoming One Body gcross the world. Latér. off Ilne. Mass was celebrated by Fr. Bri8n Barrons M.M and Anna Csokasi. Novice Director presented Alba with her cToss and 8 copy ofthe Constitutions. M8sswasfollowed by a relaxed lunch together. Report ol the Trustees 15 months to Narch 2025 24

Charltabie projects Firstvows in Europe Katalin Simontookherfirstvows on January 6, 2024 in Budapest at the"Szent Csaiad" IHoly Family) parish church. Gabor Bellovics SJ presided over the ceremony ond the Provincial of CEU. Angel Corsten, rscj, received her vows. About 200 guests (religious. family, and friends) attended the cerernony. Onjanuary 13. 2024Alejandra Dela Riva look her first VOWS in Bilbao, Spain. After 8 longtime ofgettingto know each other, and afterthe last two years of her novitiate in Chicago IUSAI. we are happy to welcome Alelandra to the Society to continue her formation in the Province of Spain. We look forward to accompanying her on the path that God is tracing out in her life. 'Ii. Report ol the Trustees 15 months to March 2025 25

Administration of the Societyof the Sacred Heart Life 4. Administration of the Society of the Sacred Heart Life and Mission Duringthe 15 months to 31 March 2025, the DuchesneTrust continued its charitable workwith the commitment and support of members of the Society of the Sacred He8rt in 40 countries around theworld. General Council members and som8trustees of DLtchesneTrustvisitedthe Antilles. India. the District of Philippines, the Democratlc Republic of Congo and Chad during this period, to spaak with local sisters and mission partners about their experiences in the communltlesand schools wherethey live and work. We will introduce some specrfic 8re8S Wlthin the Society. some of which Include the activities of colleagues and friends who are part ofour extended group. 4.1 Visits to Pmvinces Vlslt toArgentina and Uruguay M8rie-Je8nne Elonga M8rie-Je8nne Elong8 tr8veled to the Province of Argentina and Uruguay8t th8 beginning of June 2023. The warm welcome of our sisters In ARU was one of the most striking experiences of my visit, as I was able to dlscover 8 depth of meaningand commitmentthat impressed me deeply. Their warm hospitglity immediately made me feel at home. and ellowed me to immerse myself f ully in the experience. During my visit, I had the opportunity to talk with our sisters and lay collaborators, getting to know their motivations and their dedication to the mission we share. I was struck by their passion and determination to serve local communities. to make a positive difference in the lives of the people they touch. Their close collaboration is 8 source of inspiration, illustrating howmission can be more effective when we worktogether in harmony and mutual respect. This goes beyond simple dailytasks- it's about transforming lives. bringing hope and creating stronger, more interdependent communities. During my visit. I witnessed educational projects that went far beyond the simple transmission of knowledge. Our sisters and lay colLaborators work actively to create an inclusive learning environment, where each individual is valued and encouraged to develop Report of the Trustees 15 monihs to March 2025 26

Administration of the Societyof the Sacred Heart Lrfe their full potential. This has 8 lasting imp8Ct on students, lives, as th8y acquire not only academic skills. but also values of emp8thy, solidarlty and respect for others. I've also been impressed by the support programs for the poorest f8milies. Our teams work to provide food assistance. access to healthcare. and educational ser- vices to parents and children. This holistic approach helps break the cycle of poverty by strengthening famili8s' rèsilience and giving them the tools they need to improve their quality of life. Som& older sisters are turning to less physically dem8ndlng roles. such 85 teachlng. praying. spirituality and mentoring. They share their wisdom and 8xperience wlth younger generalions, guiding them on their own path of seNice. Other senior sisters may devote theirtime to prayer and meditation, offering invaluable spiritU81 sUPPOrt to the community. Their pr8yers 8re an essential pillar of religious life and mission, bringing comfort 8nd inspiration to 811 those around them. Their ongoing contribution to mission is 8 re- minderthat love and service know no age limits. and that religious life is a lifelong commitment that transcends obstacles. The younger and healthier members work har(J to support their older sisters. looking after their well-being and ensuring they have all the $up- port they need to pursue their mission Visit to Italy 8arb8ra D8wson | Marie-Je8nne Elonga Barbara Dawson and Marie-Je8nne Elong8 visited the Provinoe of italy in June2023. We recently un(iertook a friendly visit to the sisters in the north of the It81i8n province. a long-ew8iied moment since the closure of the Villa Peschiera house and the relocation of our sisters to various institutions in Padua and Bergamo. The Vi118 Peschiera house was a place of life and mission for many years. and th8 transition to new residences has been a challenge for our sisters. There they will receive the love and care they need. We recognize and appreciate the love with which they have given their lives to the mission of the Soclety. Report of the Trustees 15 monihs to March 2025 27

Administration of thesocietyof the Sacred Heart Life During the visit. we had the opportunity to listen to the experiences of our sisters and understand the challenges they have faced. It was a tim8 for listening attentively• sharing stories and praying together for the continued success of our sisters, mission in their new institutions. Despite th8 challenges of relocation. they persevere in their Commitment to our charism and continue to spread the good news by the simple witness of their lives. We also had the chance to vislt our sisters, new homes in Padua and Bergamo. soaking up the atmosphere of these places and the way our sisters continue their mission. Ultimately. th18 friendly visit strengthened the bonds between OUT Slsters and showed that, even when circumstances change. the solidarity. fraternity and communlon that are at the heart of our mission. end the support of the congregation, remain constant. Our sisters. commitment to serving, loving and educating, even in different circumst8nces. Is proof of th8 èndurlng nature of our spiritual heritage. They gre a living reflection of our commltment to meet the needs of the most vulnerable and to bringtheisght of faith into the darknes8 of the world. In their new communities, our sisters have become catalysts for change. bringing the blessing of their presence and service. They are shininE Stars in the Ilves of those around them, inspiring and upliftingthose fortunate enough to knowthem. Vlsitto Mexico B8rbara Dawson l Marie-J8anne Elong8 K014 Report of the Trustees 15 months to March 2025 28

Administration of thesocietyof the Sacred Heart Llfe Vlslt to the Democrotlc Republlc of Congo Anne Corry | Daphne Sequeira On March 10- 17. 2024, the Province of RDC-TCH was dellghted to welcome two of the General Councilors, oursisters Daphne Sequeira and Anne Corry. During the assembly. we showed off a few traditional dance steps. accompanied by cultural presentations from four countries: the Democratic Republic ofthe Congo, Chad, Kenya gnd uganda. •ic rtIlAD The first dance we performed. "Jambo bwana", which rneans "Hello Mr., is a song to show hospitality in Kenya. It is a reminder that when meeting someone even forthe first time. one ought to show respect. kindness and greet them with 8 smile. "Maasai shuka" represents the cultural identityand herit8ge ofthe Maasai communty in Kenya. Asforthe Bug8ndaculturè.weperformedthe"Kantondayebale" dance and songtoexpress gratitudg to the Lord for all his blessings. The dance performed forchad wasentitled"Ndoyéh cronewayyoo". whose singerspeaks of polygamous families who do not value the first wife in the household. This dance was accompanied by sougou wai attached to the hip, wlth the Toupouri woman hiding her behind as a sign of respect to the rnen during ceremonles. Fin811y, we presented th8 CLJlture of the Democratic Republic of the Congo with loincloth on our hips. expressing the joy of the festival. The song that accompanied our dance step was entitled "Sabina" meaning "crazy love". This song urges women to get involved in work so as to be useful to society. Through this song, the author also speaks of the mad love he has for his wife, Sabine. We chose this Song firstly because we want to express the love we have for Jesus and for our congregation. but alsoto showourdesireto become spouses ofjesus: womenwho are useful and capable of revealin8 the love of the Heart of Jesusto each other and to the world. Report of the TrLlStees 15 monEhs lo Narch 2025 29

Administration of the Societyof thesacred Heart Life 4.2 General Chapter 2024 The General Chapter was held in Nemi, Italy, from August 1 to August 31, 2024. Its theme was: Cour8g8. confidence. transformation Through the power ofthe spirit Luke 4..14 Duringihese last eight years. we have been living the four calls ot the 2016 General Chapter: to reach new frontiers. to live rnore humanly. to create silence and to be and act as one Body. Together, we have dreamed of 8 Society capable of meeting the challenges of an ever-ch8nging world. The Assernbly of Provin¢i81s in Malaga in December 2022 confimied the ne8d for a revitalization of mission through what now became known as the Apostolic Priorities and afllrmed youth as an explicit and visible option within each Apostolic Priority- We developed the next step in the reconfiguration of province5. We recognized that reorganization requires a new approach to governance and leadership on the part of all members of the Society. It involves greater co-responsibilty, flexibilwty and the practice of synodality. We have been invited through these years to change our thlnklng. our mental models and ourways ofdoingthings. Each area I district I province held their respective Chepters to prepare for the General Chapter and to elect their delegates. who arrived in Nemi filled with imrnense gratitude for what the Lord has accomplished in and through us and our mission partners on a journey chgr8Cterized by dialogue and discernrnent. As the Chapter progressed, we telt with deep certaintythatwe were livinga moment of renewal. Conclusions Govemance:The newsuperlor General and General Council On December 12. 2024. we celebrated the transition to a new Superior General and 8 new General Council. Clalre Castaing. RSCJ. who previously served as Provinci81 for Belgium- France-Netherlands and as District Superior of Egypt, will lead the Society for the next eight years. Her election marks a nèw chapter for the RSCJ as they navigate the challenges and opportunities that lie ahead. Joining her are Ananda Amr5tmah81 of India, Noellin8 Ngmusisi of uganda-Kenya. Paqui Rodrlguezof Spgin and SheiLa Smith of United States-canada. Repoit ol the TrLJStee5 15 months to March 2025 30

Admin18tration of the Societyof the Sacred Heart Life We have a deep desire to strengthen our Cor Unum and our sense of common mission that springs fTOrn our charism. We seek to expand models of leadership at all leve15 $0 that they refiect Breater participatlon an(i create spaces for each religiou$ to "contribLrte to the progress of the whole as en expression of our communion." (Constitutions 51401. From lell.. Ncellin8 N8musisi, Sheila Smith. Claire LasÉ8Jng. Ananda Amiitm8h$l. and Pauui Roclriguez We seek to ensure governance and other structures encourage all levels of community {local. provincial. and Internationall to relate to one another; to assume co-responsibility for the whole- and transcend our own particular situations in order to build the communion that Chiist has entrusted to the Church and to the Society Iconstitutions 91441. This requires broad-based comrnitment to live the values and principles we have consistently embraced- discernment. co-responsibility. mutual trust. accountability. interdependence, and subsidiarity. It also requires a commitment to explor8 ihe integratlon of shared lea(Jership and participatory leadership model8. Apostolic Priorities The challenge of ourtime is to live and act es One Boty, aniculatingand creating newways of living out our priorities for mission across existentl818nd geographic boundarles for the sake of our blessed antd broken world. The General ChapteF confirms that the Apostolic Priorities unlte us In Ilvlng the mSsslon of the Society today. These prior￿leS are rooted in our Constitutions, particularly in the section on Our Service in the Church Bnd In the cell of our charism to discover and manifest the love of the Heart of jesus. The four Apostolic Priorities call us - both RSCJ and partners in mission - to live out 811 our apostolic commitments in g worlij deeply in need of love.. mission is the central motive (the why) of our reorgan128tion. we choose to express OUT mission today around a set ol four global Apostolic Priorities: Education. Spirituality, JPIC and Formation. we desire to respond to the needs ol young people through the Apostolic Priorities and our apostolic activities. we makethischoicetostrengthenthe impactofourengag8m8ntwiththeworld for purpos6ful tr8nsformatlon. Report of the Truslees 15 months to March 2025 31

Administration of the Societyof the Sacred Heart Lrfe we seek ways to revitalize our misslon in response to urgent needs to foster collaboration, coordination and comFnunication for greater impact both locally and globally. the Apostolic Priorities touch a deep dirnension of our roots and mission. They are linked to our identity as RSCJ. The path of developing and integratingthem will lead us to live this identity with Clarity and share itwith others Th8s8 concluslons and the calls of the Gener81 Chapter have been published in a book that has been sent to all RSCJ. The election of Sister Clairé Castalng and the conclusions of the General Chapter will undoubtedly have a profound impact on the future of the Society ofthe S8¢red Heart. As we embark on this new chapter. we continue to draw inspiration from Madeleine Sophie and strive to live our mission with courage. confidence. and a deèp commitment to service. Report ot the Trustees I S months io March 2025 32

Administration of the Societyof the Sacred Heart Life 4.3 Historical and Cultural Heritage of the Society Villa Lante: Formation for religious and lay people 2024 was a very inlenseyear here at the Vi118 Lante. The renovations are flnallyfini5h8d and wo have been 8ble to openthe doorsto many RSCJ groups from all overthe world who have seen an(J appreciated the results of years of hard work. The slsters who have come to the Villa Lante to Pgrticipate in the Renewal program, one of the Society's commisslon meetings or pre- or post-Ch8Pter meetings have been able to se8 the renovation of the Villa L8nte lor themselves. In 2024, the celebration of the Profession Ceremony took place in our restored chapel. If To get a glimpse of the new Villa Lante we invlte you to visit our new webslte: www.villalanterornLotg . available in English, French, Spanish and It81ian. The Society of the Sacred Heart has decided to Start the process of Teopening the guest house inside the Villa Lante Center: starting in 2025, groups from other congregations 8nd organizations aligned with the charism of the Sacred Heart of at least eight people wiu be able to book a stgyhere. In addltion. the museum inside the Villa Lante that is dedicated to Saint Madeleine Sophie Barat was opened tothe public on May 25. the feast day of Madeleine Sophie. Many RSCJ have already been able to visit it with the guidance of Alice Us81, and we will be happy to organize a visit for you whenever you wish. We remind you that a vldeo with a virtual visit Is visible on the RSCI Intern8tion81 website _httw£.'l/rscjinternati og1inaugur3l1￿oL1hQ-V1lI3.1an.lR- and on the RSCJ International YouTube channel IJEJ ll ., Forthe future oftheVilL8 Lanle Center as 2 form8tion center, we have manyprojects to make the house more sustainable and accessible. We count on yoursupportl Report ol the Trustees 15 months lo March 2025 33

Administration ofthe Societyof the Sacred Heart Life GeneralArchives The draft of the Guidelines for Provlnc181 Archives. created by Margaret Phelan in 2021, was reviewed, updated with new content, and distributed in the three languages ol the Society to 811 provincial archivists. Along wlth the Guidelines. an archlval tralning via Zoom has been offered to the provincial archivists- this has also allowed us to get to know each other better and share informatlon regarding the archives. In preparation for the General Chapter, a document was prepared presenting a number of possible arrangements for the future of the provlnclal archives. A document of "Best practicès" was created to begin to manage the archives ofthe new provinces in re18tion to the old on6S. With regard to research and the collections. both the Philippine Duchesne Collection and the Apostolate ol form81 education collection 8re now available online: https:/lrscjarchlves.orgiindex.phplapostolats Recent research conducted in the archives includes: Elisabeth Galitzine's wrlting8" the early years of the Society in the United States. with a focus on the education of Nalive Americans,. the Society's boarding schools in England; refugees in Roman convents during the N8zl occupatlon. genealogy studies: the art herit8ge of the Society; the Society in South America during dictatorships. Two professional cinema reels on the Sacred Heart mission In the Democratic Republic of Congo have been trgnsferred lo digital. Alice Usai talked aboutthese in a presentation she gave at the 'Cinema and Missions" conference heid at the Vatican Academy foi Social Sciences on October 15. 2024. The digitization of Madeleine Sophie's letters is now complete. while the corrgction of the transcriptions, coordinated by Margaret Phelan rscj and Mari Luz Galvan rscj. continues. Another digitization project involving the early circular letters Ipre-18401 18 almost cornplete. From the RDC mission lilm Report ol the Trustees 15 months to March 2025 34

TnJste8s' Biographies 5. Trustees, Biographies Sister Claire Castaing was bom in Marseille. France in 1963 and joined the Society Sn 2009. Her responsibilltles in the Society have included being a delegate of the BFN Provincial Council for the creation of the Sophie Barat Education Ne￿ork, a member ol the Models Commlttee for the preparation of the Special Chapter 2021. and member of the International Planning Commission. She 81s0 geNed as memberofthe BFN provinciÈlteam from 2012 to 2014. after which she became the Provincial of BFN12014-2021. She was also the Districl Provincial for Egypt before being voted Superior General of the Society in August 2024. Prior to this she worked 8s a youth judge for sever81years in Poitiers and Lyon. She was appointed trustee on December 12. 2024. Sister Barbara Dawson is a native of San Francisco. Educated at the Unlversity of San Francisco and Stanford University. her ministries have included service in education. 8dministration and immigration in both the U.S. and Jakarta. Indones18. Barbara seNed as Provincial of the United States-canada Province from 2012 to 2016 and she also held the position of Provincial for the U.S. Province from 1993-1999. In addition to leadership, Barbara has Se￿ed as a t8acher and administrator for schools including St, Martin de Porres in Oakland. California.. Lone Mountain College in San Francisco. and othersthroughoutthe U.S. Shewas in administration forvarious Catholic ChaTlties and has addressed public policy and immigration issues in the San Francisco Bay area. She is a member of the bar in both Calrfornia and Missouri. serves on the board of the Hilton Fund for Sisters and has served on the board ol trustees forvarious ecademic institutions. From 2016-2024. Barbara wasthe Superior Gener81 ofthe Society otthe Sacred Heart and Chair ofthe Duchesne Trust. She resigned as trustee on December 12, 2024. F¢eporl of the Trustees 15 months to March 2025 35

TNstees' Biographies SisterAnne Corry h85 a professional background in education and mission promotion. Originallyfrom Newzealand. she has lived in Rome since 2014 first as international coordinator for juslice, peace and ecology and from 2020-2024 as 8 Gener81 Councillof for the Congregation. Anne has taught in high schools in Australia and Newzeatand 8nd hasserved on Boards of education and healthcsre institutions of religious congregations. Anne has Masters degrees in Eéucation and Theology and a Gradu8te Diploffla in Leg81 Studies and Ethics. She has travelled widely in countries of Afric8. Europè and Asia and lived for a few weeks in Peru. Ail of this has contributed to her understanding of the migsion-related activities of her congregation around the world. Anne's current role gives her an overview of the wldespre8d mission of her international congregation. She rgsigned 8S trustee on April 17. 2025. Sister Monica Esquivel Ballesteros was born in Mexico in 1966. She joined the Society of the Sacred Heart in 1992 and has worked in formal education as well as alternative I"popuLar"l education and pastoral minlsty. In formal educ8tion she worked as a secondary school mathematics teacher 8nd 8S 8 school chaplain. In alternative education her work focused on women and young people, in the areas of communication. educatlonal development, as well as the promotion and coordination of educational piojects. teacher training and the creation of educational networks at municlp81 and regional level. MOnlc8 served for 8 years in the Society's mission In Nlcaragua. working for the charity 'Roncg11i-Juan XXIII Association" in the areas of housing and education. She also worked for the Conference of Religious of Nicaragua as the Justice. Peace 8n(J Integrty of Creation IJPICI coordinator. Upon her return to Mexico in 2011. sh8 worked in teacher training program for public schools in the municipalityof Ayutla de los Libres, and was a member of the provincial council. In 2013 she was appointed Provincial of Mexico. Duringthistime she was also a memb8r ofthe Board of Directors ofthe Conference of Religious of Mexico. From 2016-2024, she was a member of the General Council of the Society of the Sacr8d Heart In Rome. She resigned as trustee on April 22. 2025. RepDrt ol the Trustees 15 months to March 2025 36

Trustees, Biographies Sister Marle-jeanne Elonga Abombpi Mokango is a theologi8n by training and s graduate In education. She has experience in formal education, working at different times and in different places as a teacher. principal and head teacher. She spent some years in the formation of young RSCJ'S in her province of the Democratic Republic ofcongo IDRCI before seNing gs provincial and president of the Conference of Religious in the DRC. This last role helped her to interact with other congregations in the are8s of initial and ongoing fomation. man3gement and self-financing. From 2016-2024. she was a member of the Ganeral Council of the Society ofthe Sacred Heart in Rome. She resigned as trustee on April 22. 2025. Sister Georgina Zubiria studied to be a primary school teacher. For 9 years She was director of the Santa Cecilia School and later she was working with low-income women in popular education and gender perspective. Since shè was studying to obtain her degree in Theological Sciences. she has worked in different areas of her province such 83form8tion, treasury. and leadership. Georgina has expeiien¢e working in non-profit organizations and transferring th8 management of both the School and the Finance Office to lay people. As 8theologian. she has taught at r the Universidad Iber08mericana, the HIsp8nic P8Storal Institute of the Universityof Santa Clara. other higher education Instltutions and religious congregations. She was Director of the Center for Theologic81 Studies of the Interreligious Conference of Mexico ICIRMI and advisor to the Board of Directors of the Conference of Religious of Latin America anij the Caribb9an ICLARI. She participated in the creation and consolidation ot the CIRM N8tion81 EducatSon Network. In recentyears, she worked as a Canoni¢alTreasurerin Mexico, and was the C8nonicalTreasurer General of the Society of the Sacred Heart. She retired 8S trust86 and Canonical Treasurer Gener81 on December 1. 2025. Report of the Trustees 15 months to March 2025 37

TNstees' Biographies Sister Catherine Lloyd has a background in formal education and ministry with young people. firstly as a teacher. After further formation in spiritual accompaniment and counselling using the arts, she returned to work as a school chaplain in the Society's high school in London. Afterfinal vows. Cath spent some timè in the Society's mission in Indonesia where she worked in teacher educatlon. theological formation and in a project with street children. On returning to the UK. Cath seNed as Novice Mistress in the Society and worked in the Formation dep8rtment of the Conference of Religious of England and Wales, where with others she developed inter-congregationalformation programmes. Afterfurther studies in organisational change. Cath worked on a team which facilitated organisations and groups as they developed areas ot strategic planning an(J leadership formation. Between 2008-2016 she served on the General Council. Although this ministry was based in Rome. her seNice took her to many different parts of the world. This exp8rience broadened her mind and opened her heartl I Cath returned to her home province in 2016 and once again took up a ministry of facilitation and spiritual formation in the UK and abroad. With colleagues she has worked as a co-facilitator on General and Provincial Chapters and a variety of meetings for dlfferent religious congregations. In 2019. Cath was asked to serve as Piovincial in England Wales and finished hermandate in June 2025. Sister Noellina Namusisi has been8 Religiousofthe Sacred Heartslnce 12January1992 and is a memberoftheUganda-Kenya IUGKI Province. She has seNed as Principal of a large all-girts high school of over 850 students. where she focused on the empowerment and leadershlpformation ofyoungwomen. promotingvalues such as love. unity, compassion, honesty and attentive listenlng. She has also served as Mistress of Novices and held significant provinclal leadership roles, including membership of the Provincial Council and coordination responsibilities within her Province. At internatlonal level. she is a member of the General Council of the Society of the Sacred Heart, seNing as Councillorfor the Apostolic Priority of Education. Councillor for Spirituality. Councillor for the one ol the new provinces. She was appointed trustee on April 22, 2025. Report of the Trustees 15 monihs lo March 2025 38

Trustees. Biographles Sister Sheila Smith originallyfrom canada.took herfinalvows in 2006.A member of the United States-canada IUSCI Province, she is University Professor and has served in a number of significant leadership roles wiihin the Society at both provinci81 and international levels.she Is currently a member of the General Council of the Society of the Sacred Heart and seNes as Councillor lin chargel for the Apostolic Priority of Spirituality. together wth Noellina Namusisl. She is also Councillor for JPIC (Justice, Peace and Inlegiity of Creationl. In addition, she serves as Councillorfor the one of the new provinces. She was appointed trustee on April 22. 2025. *) Sister Francisca Rodriguez originallyfrom Spain, took herf Inalvows In 2006. A member of the Sp8nish Province IESPI. she has held significant leadership and coordination responsibilities at both provincial and international levels, particularly in the areas of education. pastoral networks and 8trat6gic planning. She is currently a Member ol the G8neral Council of the Society of the Sacred Heert and serves as Councillor lin charge) for the Apostolic Priority of Formation. She is also CounclllDr for Education. alongside Noellina Namusisi lin chargel- In 8déition, she serves as Councillor tor some of the new Provinces. She was appointed trustee on April 22. 2025. Sister Paula Grunei W8s bom in Lancaster. Ohio USA. She entered the Society of the Sacred Heart in 1980 and made herflnal vows in 1990. As a rnemberofthe Unit8d States andthen Unitedstates-canada province. she h8s seThed in various èducational and governance Mini￿ries. She has been a boarding school director and 8 school business manager. She has Set on the boards ofsacred Heartschools inthe Usand C8nada. andshe currently sits on the board of Maryville University in St. Louis, Missouri USA. For the Soci8ty she has served as the Assistant Provincial Treasurer for the United States Province, as an Assistant to the ug8nda-Kenya Provincial Treasurer and has sat onvarious provincial committees. Priorto movingto Rome, she w8s servingasthe C8nonical Treasurer of the Antilles Province and on the Provincial Te8m of the United States-canada Province. Currently. she serves as the Canonical Treasurer General of the Society of the Sacred Heartand was 8ppointed trustee on the 1stof December2025. Report ol the Trustee5 15 months lo Narch 2025 39

Tru*ees' Biographies 6. Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees. report and accounts in accord8nce with applicable law and United Kingdom Accounting standards Iunitecl Kingdom Generally Accepted Accounting Practice}. The lawapplicableto charities in England 8nd Wales requlresthetrusteesto prepare accounts for each flnancial period which give a true anl fair view of the state of affairs of the Charity and of the group of the income and expenditure of the Charity and of the group for th8t period. In preparingthese accounts. the trustèes are requlred to: select suitable accounting policies and then apply them consistently" observe the methods and principles in Accounting and Rèporting by Charities: Statement of Recommended Practlce applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 1021: makejudgements and estimates thatare re8son8ble and prudent; state whether applicable United Kingdom Accounting standards have been followed. subject to any material departures disclosed and explalned in the accounts- and preparé the accounts on the going concern basis unless it is inappropri8te to presumethat the Chartyand the group will continue in opèration. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at 8ny tirne the financi81 position of the Charity and enable them to ensure that the a¢countg comply with the Charities Act 2011. appllcable Ch8rity (Accounts and Reports) Regulations and the provisions of the constitution. They are also responsible for safeguardingthe asset5 of the CharFty and hence fortaking reasonable stepsforthe prevention and detection of fraud and other irregularities. Signed on behalf of the trustees by Chair of Trustees Approved bythetrustees on: J.b 3, 109£ Report ol the Trustees 15 months to Narch 2025 40

Independent A￿lItorS Report 7. Independent Auditor's Report to the Trustees of Duchesne Trust Opinion We have auditèd the financi818t8tements of Duchesne Trust (the '¢harity'l for the period ended 31 MaTch 2025 which comprise the statement of financial activities, the balance sheet, the st8ternent of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting frarnework that has been applied in th8ir preparation is applicabl8 law and United Kingdom Accounting standards. including Financial Reporting standard 102 The Financial Reporting Standard applicable in the UK and Repubue of Ire18nd (Unitèd Klngdom Generally Accepted Accounting Practice), In our opinion. the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the period then ended: h8ve been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have b88n prepared in accordance with the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUK) IISAS (UK)) and applicable law. Our responsibilities under thos8 Standards are f urther described in the Auditor's responsibilities forthe 8udlr of the fin8n¢ial statements section of our report. We are independent of the charty in accordance with the ethlcal requirements that are relevant to our audit of th8 financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethic81 responsibilities in 8ccordanc8 Wlth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the use of the going concern basis of accounting in the preparation of the financial statements is not appropriate due to the transfer of all undertakings as at 31 March 2025. However, no adjustments 8rise as a result. Our responsibilities and the responsibilities of the with respect to going concern are described in the relevant sections of this report. Other information The other inform8tion comprlses the information included in th8 annual report other than the 1Snancial st8t8ments and our auditor's report thereon. The trustees are responsible for the Report of the Trusiees 15 months to Narch 2025 41

IndependentAuditorfs Report other information contained within the annual report. Our opinlon on the financial statements does not coverthe other intormation andwe do not express anyform ofassurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsist8nt withlhe linancial statements or our knowledge obtsined in the course of th8 audit. or otherwise appears to be materially misstated. Ir we identifysuch material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is 8 material misstatement of this other information. we are required to report thatfact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the followlng matters in relation to which the Charities (Accounts and Reports) Regu18tions 2008 requires us to report to you if, in our opinion: the intormation given in the financi81 statements 18 inconsistent in any material respect with th8 Trustees. report: or sufficient accounting records have not been kept- or the financial statements are not in agreement wilh the accounting records. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the st8tement ot Trustees. responsibilities. th8 trust8es are responsible for the preparation of the financial statements and for belng satisfied that they give 8 true and fair vlew, and for such internal control as the trustees determine is necessary to enable the prep8ration of financial statements that are free f rom m8terial misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charlty's ability to continue as a going concom, disclosin& as applicable. matters related to going concern and using the going concern basls of accounting unless the trustees either intend to cease operations, or have no realistlc 81ternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor undei section 144 of the Charities Act 2011 and report in a¢¢ordanc8 With the Act 8nd relevant regulations made or having effect thereund8r. Our objectives are to obtaln reasonable assurance about wheth8r the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includès our oplnion. Reasonable assurance is a high level of assurancè but is not a guarantee that an audlt conducted in accordance with ISAS IUKI will always detect Report ol the Trustees 15 months to March 2025 42

IndependentAuditorfs Report a material misstatement when it exSsts. Mlsstatements can arise from fraud or error and are considered material rf, individually or in the aggregate. they could reasonably be expecte(J to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures 8re capable of detecting irregularities. inclu(Jing iraud, is datailèd below. A further description of our responsibilities is av8ileble on the Financial Reponlng Councll's website at: httPS:Ilwww.fr¢.org.uklauditorsresponsibilities. This description forms part of our 8uditor's report. Other matters Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting ané Reporting by Charities- Statement of Recommended Prathice applicable to charities preparing their eccounts in accordance wlth the Financi81 Reporting Standard applicgble in the UK and Republic of Ireland IFRS 102) 18s amendedl in preference to thè Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 Aprll 2005 which is referred to in the extant regulations but has now been withdrawn. This has been done in order for the financial statements to prowde a true and fair view in accordance with current Generally Accepted Accounting Practice. Use of our report This report is made solely to the charity's trustees. as a body) in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audfi work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report8nd for no other purpose. To the fullest extent permitted by law, we do not accept orassume responsibilityto anyone otherthanthe charity and the charity'strustees 88 a body, for our audit work, for this report, or for the opinions we have formed. Haines Watts Swindon Limited (Senior StatutoryAuditOfl Chartered Accountants Old Station House 8tion Appro8ch Sv¥indon Wiltshire SN13DU Date: Haines Watts Swindon Limited is eligible for appointment as auditor of the charity by virtue ol its gligibilityfof appointment 8s auditor of a company under seciion 1212 of the Comparbies Act 2006. Repori ol ihe Trustees 15 months to March 2025 43

Accounts 8. Accounts 8.1 Group statement of financial activities Duch•8ne Tru8t Group 8tatsrmnt of fIn4n¢￿1 a￿1¥111•$ F¢rth• porlod from 1 January2024to 31 klaTch 2025 Ywto31 ￿￿ember 2￿23 las reststèll Tetal Is n￿nth￿l0 31 M•r¢h 2025 Unr•8trid•d Rgstrki•d Total In¢on Iro [k)nal￿S and kgac h¥e5kneThts and inth$t recav￿e Total inc<xn8 1.059.841 2.116.785 3.170.626 154.550 3J171.357 3.231.907 1.214.391 &194.142 408.533 3.725.622 4.894.742 8.620.364 Expendltur• on.- R81shg bJnds Charikble aclMti85 . Supporung the Ch￿l￿ble work of Ihe So¢loty ofthe Sacred Heart arMJ Its membws 5.r4.456 1.14U90 518. 4.120.484 9.679.857 15.054.313 2A￿017 3.6.107 12174.474 1&￿3.420 6.210.353 10.330.B37 TraTrstsofr%t assets to th¢ Duch88￿Trust C 15ee betrNI Total •xp•ndllur¥ 20 62.192.027 88.717.922 77246.340 92.357.029 150.909.949 109.e03.369 10.330.837 N•t oxpondtture b•fc• n•¢ im•#lm•nt yln8 7 174.Q89.7141 (89.125.122) 1163.194.8361 11.710.4731 N•tgalns on itW8Skn￿ts N•t1oxpondttur•l incon and n¢ In funds 12 7.562.104 11.008A87 18.570.991 11.491.109 IQ6.507.8101 17&110.2351 1144.623.8451 9.779.836 R•widllatlon of funds: Fund balances brought foTh43rd a5 WthiOU5ty sta Prior yoor ad1ts$lme￿S Fund balances brwht foward a5 re5tstrAI Total fijnd balances carrknj fcrward at 31 htr¥ch 2￿25 .790.508 72.780.374 142.570.882 133.047.571 10 3282. 86.507.610 S.335.811 78.1162JS Z052.963 14&023.845 1.7￿.696 134.844.209 144.623.845 Al r￿￿[sed ard ID55È$ are in¢1￿￿ed In the abjve staiernerrtof finan¢W 8cl¥Ab"8S. Wllh effect fvcm mklrf4iton 31 Wch 2￿25. th8 ac￿11"e5, asset5 and Irablities ef the ChartyW￿ transferred to th8 D￿chesrE Twst CK) (Ch￿ty R8gl$tratirm 12100661, a CWlet4e In¢orpoTaW Organ153l¥M, 1$08 note 20 to the accounts). P6 ofthatdate, Ihe thartty becarnedormwl Report of the Trustees 15 months to March 2025 44

Accounts 8.2 Comparative group statement of financial activiti&8 Duch•8n• Trust ConyaratlV• 9roup statèmènt of fIn￿Gla1 actl¥itie$ For the >par endgd 31 D•c•n•r 2023 As restAt¢d Ur￿es￿t￿l Restricled 2023 Totsl Not¢ Incon from.. DonatK)ns and ba￿leS Invesknents a￿1 interest Total Inco 1.046.W 2.234.480 3.2B1.282 2.678.820 2.660.262 5.339.OK2 3.725.622 4.894.742 8.620.364 Eyndltur• on: RaÉsiNJ fun(Js Cha￿ta￿e ac￿￿￿0S . Supp￿ThJ ts chaNè wck of tha s￿Iety £{t￿ Sacr￿1 aNI tts m9mbers Totsl oxpond￿Ur 3.364.174 756.310 4.120.484 4.109.191 7.473.365 2.101.IK2 2.657.472 6.210.353 10.330.837 Net {¢xpèndltur•) IncL¥m b•f•x• not Invostnnt 7 14.192.0631 2.481.610 11.710.473) Nat gains on inveslmwts Net and nèt n￿v•m1nt In funds 12 5.243.402 1.051.319 6.246.707 8.728.317 11.4￿.109 9.779.636 Rèconclllatlon of funds: Fund baknces broughtforward 3$ th￿SlY slated Prior year adjustments Fund baiqnces b￿ghtfOrWard as resta￿ 65.458.291 67.591.220 1.796.698 69.387.918 133.047.511 1.796.698 134.844.209 10 85,456.291 Total luThJ balences carried forw8r(18t 31 D￿ember 2023 66.507.610 78.116.235 144.623.845 Report of the Trustees 15 months to March 2025 45

Accounts 8.3 Charity statement of financial activities DuchD8no Tnt Charltystat•m8nt of flnanclal activitiE$ Fortho p8rlod frcth 1 January2024to 31 Mar¢h 2025 Year to 31 D•unknr 2023 la8 r•stat•d) Tclal IS Trmnthsto 31 Mr¢b 2025 um951rfc￿Y R¢slrfcied I[￿0￿¥ Iron Donation$ hv85trnents and knlve5t recav￿￿ Total Inco 1.108.510 2.116.453 &224903 154.5 &077.351 3231.9D7 1.261060 5.193.810 6A56.870 3.727.519 4.894.722 8.822.241 Exppndllurg on: Ralskng fvnds Charitsbloa¢tiwbes . Supporuw the ch2rf1abl8wcfk of the Socwoflhe Sacred Heart and its memt4rs &374456 1.14U90 6.518.846 4.120.484 10.041.207 15A15.663 2.494.617 1639.107 12.535.824 19.054.770 6.793.250 10.913.734 Tron51er olnettyssots to the Duch88ne Trust C lseo bdowl T)tal•xp¢ndi¢ur¢ 20 60.941.145 76.￿¢01 88.717.922 149.659.007 92.357.029 118.713.837 10.013.734 N•1•x￿ndIIUl l>•tty• Sn¥o8lm•nt gal 7 171131.8481 189.125.1221 1161256.9ffj 12.291.493} Netgains on inve5trnwts 14•t18xFendlturo1 inm n1 nb)¥•m8nt In frJnd8 12 7.561104 11.008.q87 18.570.991 11.4gXI.109 IW56g.741) 178.11623¥ 1141683.9701 9.198.616 R•eonclllatlon of funds: Fund babn¢es tKought as Fw4bLtsly statoj Prfor year &Jlustm8nls Fund baL9r￿e8 trmught kfwavd 8$ rests Tolol fund bar￿ carried f￿ard at 31 Xi2S fj8.852.639 1282.898 fjS.S69.741 n.780.374 141.633.013 132.N).eA2 5.3A861 2.052.96J 1.M.698 n.116235 143.6es.978 134.4B7.360 10 143.685.976 All rpco8nised galns and IossÈ5 are Induded In above 5takmentof Ananclal activitiÈs. Wth effea from mldnlthton 31 ￿rth 2025. the activifies, asset5 and Ilabilltlps of the charftyweve tran5feThedto the Dt¢che5ne TrustCIO (Charlty fteBisttstion No I21C￿l.3 Chaniable IncorporatÈd O￿anIsatIon, (see note ))tDthe atcountsl.Asof thatdate. the ch3rity betame dormant Report of the Trusiees 15 months to March 2025 46

8.4 Comparntive Charity statement of financial activities Duthesne Trust Cony•r¥tiv• ¢h•rity sLm•nt ol flnanclal actlvltles For tho s•ar end•d 31 DeCen￿er 2023 As rastatad Re5tri¢tsd Unrestrkted 2023 Total Incom• fron 1.048.699 2.234.460 3.283.159 2.678.820 2.fj60.262 5.339.082 3.727.519 4.894.722 8.622.241 Investments and interest receNatrle Totsl incoTh Exp¢ndltvr¢ on: Raislng funds Chartstle actiwties . Supporbng the charftable work ofthe Sc¢￿ty ofthe Sacred Heart gnd its members Total •xp•ndltur• 3.364.174 756.310 4.120.484 4.692.088 8.056.262 2.101.162 2.857.472 6.793.2 10.913.734 Nèt l•xp•ndltur•l Inc4MM ￿fore n•t In¥estnTrnt galns {4.773.1031 2.481.610 12.291.493} Net gains ￿ investsnents Net Income and net nKv•Th*nt In funds 5.243.402 470.299 6.246.707 8.728.317 11.4W.109 9.198.616 Reconclllation of fvnds: Fund balances t￿ought foMar(l as prevlmty stsl&Y Prfor year adjustrmenls Fund b8lan¢es Lyought fomard as reststed Totsl fvnd balances carrieA forward at 31 Decemb 2023 85.099.442 67.591.220 1.796.698 69.387.918 132.￿.662 1.796.698 134.487.3eii 10 65.099.442 65.569.741 78.116235 143.885.976 Report of ihe Trusiees 15 months lo March 2025 47

Accounts 8.5 Group and CharItybalan￿ sheets Dythsne Trust Group and charity1kn￿ $h•ets a at31 March 2026 Grou la5 ￿tated) 31 De¢emb8r 2023 las rests￿> 31 March 31 D8cernber 2025 31 March 2025 Flxed as80ts TaThJlJe assets ms1m￿ts 329.268 179.107.211 179.436.479 12 179.107.211 179.107211 Current a809ts Debtors Cash at bank aTrJ kn ha￿1 13 3tW.871 4.663.771 4.992.642 3(￿.574 3.785.138 4.085.712 Liabilities c[￿rt0[S. ￿OUnts due witNn one swr 14 37.087.255 36.788.926 Net vjrrent Il•blllUo8 32.094.613 32.703.214 Totsl assets less¢urrgnt lab11￿1#$ 147.341.866 148.403.997 Cr•dtto￿ anr•unts lallkng due aftgr sar 1S 12.718.021) 144.623.845 I2.718.￿21} 143.685.976 Total s)et a￿ts Repr8unt•d by. Funds and r8SeF¥OS R•rf¢t•d fund% 16 78.116.235 78.11&235 Unr•strkted fund• D8sunated fij￿S TangiNe fi￿1 a589ts fuTrJ . G&￿ra1 lu￿$ 17 18 61.480.890 329.268 4.697.452 144.623.845 61.480.8 4.¢X8.851 143.6S5.976 Apwo¥￿ tyl￿ tru$lees aTrJ sign&1 on lhe￿ bthl iyi: Tw5tee Date.. Report of the Trustees 15 months io March 2025 48

Accounts 8.6 Group cash flow statement Ywto 31 3% Oec•mow Sg%295 S>)2mg 4.743ffjL I20￿1 5.3x793 21.151.770 ns I.¥￿03 154N3 i.N6a03 T54643 I11,IT￿l 2.￿.115 tth¥J(n •qub4•knotstr•rdf•rr•dtoth• Ducts￿T¥￿1¢￿J l¢hwtyRo9&lr4tn H￿thr 1210NI B 3&fft7A01 IT.139 )ffj15 31097ffj01 t31 Mwch2ts1J riM•atoth• ￿￿•￿￿01¢#hkn•lWth1 p•rkn8tts31 li￿2020 w•d Yurto 31114r¢h 31 D￿Tro IW6234151 9.719A&I Y21 174ffj7P l(s$e>l 15.1x1421 14A94.7421 In T¢Sp￿1 to by Pro￿r￿￿3 Lrf IobBeJl OB12b3 27XA17 121tWI {t)•rtwel trKTe4tsèitsdeb 1L4139 I14&￿1) 2.1￿14 nelthbl 4•n¢• ¥Y ¥Arth cÈ¥hdlb￿sThY1nh0r￿ C￿h Utsh 46U771 1576.O)11 14 14efj6DI 2B.413B>J 310>7.th)1 17106S1 T(41¢￿v￿Gmh*qurIt1I•n 11.179.240 788th? Report of the Trustees 15 rnonths to March 2025 49

A¢countingPolicles 9. Accounting Policies The prlnclp81 8ccounting pollcles adopted. judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below. Basis of accounting The Duchesne Trust is a regulated trust in the United Kingdom. The address of the registéred office isgiven inthe Ref.etonoOL￿mlnIStralU0rtPtaiIs ofgroup ofthls reportand accounts. These group accounts consolidate the results of the Trust and the entity it controls being the Soci8ty ofthe Sacred Heart Generalate {8lso known 8S the Motherhouse of the Society) The nature of the group's oper8tions and principal activities are to promote charitable work carried out bythe Societyofthe Sacred Heart (The Society) The group constitutes a public benefit entity as defined by FRS 102. The accounts have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Pr8Ctice applicable to charities preparing their accounts in accordance with the Financial Reportingstandard applicablè in the UK and Republic of Ireland (FRS 102). the Charities Act 2011 and UKGeneraUykcepted Practice. The Charity constitutes a public benefit ontty as defined by FRS 102. The accounts have not been prepared on 8 goingconcern basisbecause.witheffectfrom midni8hton 31 March2025, Ihe activities, assets and liabilities of the Charity and Its group were transferred to Duchesne Trust CIO ICh8rity Registration Number 1210066), its Successor charity- As such, the accounts have not been prepared on 3 going concem basis. No 8djustm8nts have been necessary to the carrying values or classification of assets and liabilities bec8use the going eoncern b8sis has not been followed. The accounts have been prepared under the historical cost convention, modified to in¢lu(Je certain Items at fair value. The accounts are prepared in Euros. which is the functional currency ofthe group. and numbersare rounded tothe nearest Euro. The significant 8ccounting pollcies 8pplied in the preparation of these accounts are set out below. These policies have been consistently applied to all periods unless othemise stated. Further details of the basls of prepar8tlon of the accounts are set out b81ow under 'Basis of preparation and cessation ot operations,. Consolidation Consolidation take9 plac8 With third parties when the Ch8rlty determines that: Report ol the Trustees 15 months to March 2025 50

AccountingPolicies the third-p8rty entity is flnancially dependent upon the Charity and would not be able to continue without the Charity's support, and the Charity is able to control the actions of thethird party either directlyor indirectly due to the authority it has via the trustees of the Charity. The accounts are consolidated on a line by line basis with intra - group transactions belng eliminated on consolidation. Criticala¢counting estimates and areas ofjudgement Preparation of the accounts requires the trustees and m8naEement to make significant judgements and estimates. The items in the accounts wher8 these judgements and estimates hav8 been made include those in respect to: the estlmatlon ot legacy income to whlch the group has entitlement but has not yet received. the alloeatlon ot certain expenses between expendlture classifications. the useful economic lives attributed to tangible fixed assets used to determine the annual depreciation charge. the assumptions adopted by the trustees in determining the value of any designations requlred from the Charitys 8ndlor group's general unrestricted funds: and estimating future income and expenditure flows for the puipose of assessing the Charity's and group's going concern Isee below). Basis of preparation and cessation of operations With effect from midnight on 31 March 2025. all activities, asset8 and liabilities of the Charity and tts group were tf8nsferred to Duchesn8 Trust CIO Icharity Registration Number 12100661, a Charit8ble Incorporated Organisation and the Charity's successor Charity. Consequently. the Charity and Its group ceased to operate in their existing form at the end of the reporting period and as such these 8¢counts have not been prepare(J on a goingconcern basis. No a(Jjustments have been necessary as a resuli ofthe accounts not being prepared on a going concern basis. The assets and liabilities were transferred tothe successor CIO 8ttheircarrying values, and the Charity's charitable activities continue within the su¢¢essor CIO. Accordingly* the trustees conslder that no 8djustment is requireo to the c8rrying values Dr classification of tho assets and liabilities included in these accounts. The most signiticant areas of judgement thEt affect Items in the accounts are det8lled above. Report ol the Trustees 15 months to March 2025 51

Accounllng Poilcles The trustees have considered the position of the successor CIO and are satisfied that it has sufficient resources to meet its li8bilities as they fall due. The principal factors which may affect the carryingvalue of assets held bythe successorCIO in the year ending 31 December 2025 are the level of investment return and the performance of investment markets. Income Income is recognised in th8 period in which the group is entitled to receipt and th8 amount can be measured with reasonable certainty. whe￿ Income is receNed with specific criteria for its use or future use the income is recorded as restricted. Income comprlses donations. legacies. Investment incomè and Interest receivable Donations are recognisedwhen the Charity andlorgroup has confirmation ofbothth8amount and the settlement date. In the evènt of a donations pledged but not received, th8 amount is accrued for where receipt is considered probable. In the event that a donations Is Subject to condltions that require a level of performance before the Chayty andlor group is entitled to the funds, the income is deferred and not reeognised untll elther shoes conditions 8re fully rnet. Of where the fulfilment of those conditions is wholly within the control of the Ch8rity andlor group. Entitlement Is taken asthe earlier of the date on which either: the Charityandlorgroup is aware Ihat the probate has been granted. the estate has been f in811sed and notifications has been made by the executor to the Charity andlor group that 8 distribution will be made, orwhen a distribution is received trom the estate. Receipt of a legacy. in whole or in part, is only considered probable when the amount can be measured reliablyand the Charityand/orgroup has been notified of the executor's intention to make a distributlon. Where legacies have been notrfied to the Charity andlor group, or the Charity andlor group is aware of the granting of probate. but the criteria for Income recognition have not been met. the legacy 1$ treated as contingent asset and disclosed if material. In the event that the Eift is in form of an asset other th8n cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title of the asset having b8ingtransferred to the Charlty andlor group. Investment income is recognlsed once the dividend has been declared and notification has been Teceived of the dividend due. Interests on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity. this is normally upon notification ot the interest Paid ot pAyable tythe bank. Report of the Trustees 15 monihs to March 2025 52

Accountingpoiicies Services provided by members of the Societyofthe Sacred Heart For the purp08e of thes8 accounts, no value has b8en placed on administratlve and other seNices provided bythe rnembersofthe Societyofthe Sacred Heart (the Society). Resources expended and the basis of apportioningcosts Liabilities Sre rÈcognised as expenditure as soon as there Is a legal or constructive obligation committing the Charity andlor group to make a payment to 8 third paty. It is probable that Iransf8r of economlc benefits will be required in settlement and the amount of the obligation can be measured reliably. All exp8nditure is stated Inclusive of irrecov8rable VAT and similar indirect taxes. All expenditure is accounted foi on an accruals basis. AU expenses are allocated or to th8 applicable expenditur8 headings. The majority of expenditure is directly attributable and any apportionment between headings is negligible. The classification between activities is as follows: expenditure on raising tund8 comprisès investment management fees and the costs of servicing the 108ns advÈneed to the Charity and group by Provinces of the Society. The costs of servicingthe108ns are based on the net returns received from the Charity's investment assets including curFency gains and losses. expenditure on charitsble activities includes all costs associated with furthering the charitable purposes of the Charity endlor group by supporting the charitable workofthesociety and that of its members. Such costs include: grants and donations payable which, in the main. relate to the support of the other parts of the Society. Grants payable are included in the statement of finan¢i81 activitieg when approved and when tho intended recipient has either received the funds or beèn informed oythe decision to make the grant and has satisfied all performance conditions. Grants approved but not paid at the end of the financial year (including multi-year grants) are accrued and hove been discounted of the present value of the future cash payment where such discounting is material. o costs of administering anL1 oper8tlng the Motherhouse of the Society. Such expenditure. which includes administrative and management costs, enables the members ofth8 Societyto furtherthe charitable work of the Society in the areas of the advancement of the Roman Catholi¢ faith. the advancement of education, the relief of poverty. etc. Details of specitic areos of such work are provided in the accompanyingtrustees, report. Report ol the Trustees 15 months to March 2025 53

AccountingPolicies expenditure includes governance and sundry support costs. Such costs relate to the public accountability of the Charity andlor group (including audit costs) and costs in respect to its cornpliance with regulation and good practice. all expenditure is stated inclusive of irrecover8ble VAT and similar indirect taxes. Tangible Flxed Assets All assets costing more the e1,000 euros and whlch have an expected useful life exceeding one year are capitalised. Tangible fixed assets are stated at cost lor deemed cost} less accumulated depreci8tion and accumulated impairment losses. Freehold land and buildings. and Major improvements to buildings. are Included in the accounts at cost and depreciated 8t 3% on a straight line bas1S. Expenditure on the purchase and replacement of furniture and equipment is C8Pltalised and dépreel8ted at 140h on 8 sts8ight line basis. Motorvehicles are capitallse(J and depreciated over a four-year period. on a straight line basis. in order to write off the cost ot each vehlcle over Its estimated useful Ille. Investments Listed investments arè 8 form of b8slc fln8nci81 instrument and are initially recognised attheir transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market prlce. Fln8ncial investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at theif fair value as at the balance sheet date using the closing asset value provided by the investment managers As noted above, the main form of financial risk faced by the Charity andlor group is that of volatility in equity markets and investment markets due to wider economic conditions. the attitude of investors to investment risk. and chang8s in sentiment concerning investment classes and within particular sectors or sub sectors. Realised gains lor losses) on investment assets are calcul8ted as the difference tse￿en disposal proceeds Bnd their opening carrying value or their purchase value is acquired subsequent to the first day of the financi81 year. Unrealised gains and losses are ¢alcuLated as the difference between the fair value atthe year end and their carrying value at that date. Realised and unre81ised investmentgains lor losses) are combined in the statement of financial activities and are credited lor debited) in the year inwhich theyarise. Report of the Tiustees 15 months to March 2025 54

Accounting Policies Debtors Debtors are recognised at their settlement amount, less any provision for non-recoverability. Cash at bank and in hand Cash at b8nk and in hand represents such accounts and instruments that are available on demand orhave a m8turityof18SSthanthree monthsfromthe d8teof acquisition. Depositsfor more than three months but less than one year are disclosed as short term deposits. Cash placed on dèposit for more than one year is disclosed as a fixed asset investment. Creditors and provisions Creditors and provisions are recognised when there is an obligation atthe balance sheet date as a result of 8 past event. it is probable that 8 transfer of economic benefit will be required in sottlement, and the amount of the settlement can be estimaled reliably. Creditors and provisions are recognis8d at the amount the Charity andlor group anticipate$ it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such cliscounting is material. Loans advanced to the Charity Bndlor group by Provinces of the Society are included at the aggregate of the amount advanced together with any interest or similar amount that has accrued. All108n8 are repayable on demand. Fund structure Restrict8d funds comprlse monies faised tor. or their use restrictèd to. a specific purpose. or contributions subject to donor imposed conditions. Designated funds comprise monies set aside out of unrestricted funds for specrfic f uture purposes or projects. The tangible fixed assets fund comprises the net book value of the Charity andlor group's tangible fixed 8ssets. the existence of which is fundamental to the Charity andlor group being able to perform its charitable work and thereby achieve its charitable objectives. The value represented by such assets should not be regarded. therefore, as realisable. General funds represent those monies which are freely available for application towards achieving any ch8ritsble purpose that falts within the Charity's andlor group charitable objects. Report of the Tru3tees I S months io March 2025 55

Accounting Policies Foreign currencies Assets and liebilities in foreign currencies are translated into Euros at the rates of exchange ruling at the balance she8t date. Transactions in foreign currencies are translated into Euros 8t the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds. Report of the Trustees 15 months lo March 2025 56

Notesto the Accounts 10.Notes to the Accounts I InGrrfr• liom: Don￿￿ •nd bg•d•s Group As re51ated Yearto 31 DeWni￿r2O23 Ur￿eSt￿¢￿l Resiricb Totsl 15 to 31 Ilarch 202S Unrestrlct•d Re¥trKt•d Totsl fr(￿ Pro¥lnces. (knral 625.gC4 625.9 154.55D 310.924 123.013 I54.5￿ 1.214.391 840.663 2.500.000 3.340.e63 20.193 178.820 193.013 185.946 185.940 154.59) 0thordwllon$ 310.924 123.013 1,059.841 1.046.81Y2 2.678.820 3.725.872 15 mnth¥ to 31 klar¢h 20Z5 UrK•Wlct•d R•sirlct•d Total Y88fto 31 D￿erntr￿r 2Q3 I￿￿$￿cle￿ Restncted Talol Don8lk)rts ffom ts Kl)IherhrJse ofthe SccBty Donauorns frcm Profv. Cneral Donali0Ths frryn pr￿1￿85. Sdtharity oth￿ ()nob(r Le9￿￿$ r￿ab￿ 22.clal 22.OPO 840.663 2.S)J.Tr￿ 3.340683 178.820 178,820 185948 62&904 154JJO 154A50 30&3 12&013 154AXI 126&060 185.946 123.013 1.108.51 1.018.699 26 .727.519 2 In¢on fr•fft"Inv••lbmnts4nd It￿•re& ro¢olvabl• 8 restated 15 mnthsto 31 M•rch 202S Yearto 31 De¢emb8r 2023 Unr•strlct8d Regtri¢ted Totsl Lknreytrictvd R#sirl¢t6d Total knvoSth1ty11S 2.113W 1077.35T 5.191.221 2.921 1921 2.116.785 3.077.357 5.1M142 2.232.990 2.660262 4.893.252 1.49D 1.49) 2.234.480 2660.262 4.894.742 aank hlerest s iests YgarlD 31 Decemtér 2Q3 Tctsl 15 monthsto 31 M•rth 202S Unre¥trid Restri¢tÈd Totsl h¢(xne from I)sim￿lS Bank Intwest 2.113.164 3.OTTJ51 %191.221 Z589 2.116.453 3.071J57 5.191810 2.232.9W 2.880.282 4.893252 1.470 1.470 1234.460 2.660.2K2 4.894.T22 Fleport ol the Trustees 15 months to March 2025 57

Notesto theAccounts W¢hvty 1fjm?NthAto31 Marth)25 Y6grb31 ￿P￿t￿r2025 [knTe8trtC￿ Restr¢ltd 7B&10J 1.144AYJ 1.•30M3 6x837 J10 1391.147 FinwKiry¢o$¥ hi re5￿t ioloaThs advanc￿ byPrty4Ne$ oft￿ Soc 58&253 Z729.337 1.14&W &51&916 1384.174 2.729337 7.310 4.120.4S4 %374A56 4 EApvndyr• on.. 8upprrfryth• oh7rltJW wo￿91th• 8ochtyofth• SKr4d H•4rt •nd It• Trrt•rs 13ttMhJto31 Marth￿5 Yeerb31 Domtr2023 Lknre5trfr￿ Rstri¢ied . Ordtsryahl to PrthirKqs . F(Ymalw . Exirwrfirtsryad . SupFwyiofVIlL Lantecentre . Solklarfty . 0th8rdonalNts paAI 1238.$12 1.617.775 &92&287 68%081 131x1 165&746 125D.000 551.317 $51.317 515289 51526 3Y515 1.IYJ7.516 4￿.254 6.4>) 18S.946 2.527.17 653.W1 446.254 126.359 185.946 21&1fj0 309.993 faclorondorthir￿cOMrnthO•￿ accthd thB 188Dm 1671794 81m1 11.$71 24.837 679th57 2.494A17 1I174A74 4.109.191 267Z.794 24.837 2101.162 6210.353 Dwrt¢OSts In￿£ 51 stalwj 15m)ffjh•to31 Mar¢hJXS Ygarto 31 ￿embAr2023 R•Atsict•d Lknra9trtct￿j Rostr¢i•J Sc¢loty 3241322 32S5.891 &926207 56&001 2.6X746 6S3.CQ1 12SD.MO 44&254 12&359 th).061 8M.Q) 1&4.916 I￿.946 3.255.691 SSla17 651.317 515169 51S.269 354.515 1.007.Sl6 . Orfnary86Y to Provfv . F(maUon . ExtrwtharyddbPtt￿g[ Supwrtolvlla Lathcenb .SoNdAtyk¥declS .QthBrdLThtbrn Fmn¢iTrJeog1- Z23U.512 1.U7.7T5 1527.179 131.567 21&1fjD 1X55P (x%nmthd $up￿rt¢0sts(￿Sl 1111124 81.671 10.041JOY 111024 81.671 $1.817 12.53&124 24.837 24.837 4692.088 2.101.162 &M.250 S Supwlco GroLp•xlchty 31 2025 YeatD31 D￿emt¢1 J)23 Total iknr85lr￿I Restrfcted Totyi Unre•irlct•d Go￿￿M￿¢e costs <1￿6) Ottwpiofe95hinaifBes hBryegelr•J 0￿sL￿sLvWlcOs1ts E•A1Z 18.t 98.412 18.065 138.79)) 14.e42 12. 14.642 12.999 11 24A37 11.671 81.671 24mT Report of the Trustees 15 months ro March 202S 58

NotestotheAccounts 6 covt¥ ISr￿nts YWtty31 to31 Ilarch 20ATO 14.fj42 98A12 t4.t42 7 Netxpu￿￿ttu1fj not r451thy 15Thllrth Yeaito31 1•3111¥¢h Owemb 15momh•t•31 YeBrto31 Thb st￿¢co1$<￿￿e8) 28.470 72.261 {38.790 IQ842 174.ts79 2U70 14.642 IX7901 ¥¢tfcpitsi r•nMffl•rthn of•yNnty•rMrtpbr4onn•l 23 Wau8s SrKIBKLtycc6ts 676.023 24DJ61 Grou Yqaito31 Group to M¢h Iioroi.a20n (l20.￿l-£Lty). opwJYnutschartyvthBgrwon ddtybtjtyt4y￿. rr(4&s p&WIYe¥to31 Deunts2m-rKnl. Trkt4trWh>jsec4t￿QknYL￿ Fi<xn•. Repori otthe Trustees 15 months to March 2025 59

Notestothe Accounts Gv•yp•Ad¢hartty Y•lrto 31 0•<•￿￿r2 TC44 IlY•5￿C￿d 0&862.ttW n.740.)74 141.653.013 ￿[￿9.442 67.1 229 In I95p￿t PrOth•dI￿s0cl&tY tutwxtirm hi th• 31 I.796.￿ 1.7.698 1.7Wfj 3.99.1e3 2x2 .282.81 2 0&.1 6&W.741 78.116.•5 143.68976 Ef442 a9.287.￿8 1.rnffj 181.487.319 QPimd5 In ￿ÈyÉ¥tO$1 E4c•m￿r2[21-al $t•d Alv51m¢nts fDrthpyDErethJ$i tgthr2023.. 7S&1 164154 4.942x1 811.1 •i¢ Pj$tth1i￿ fb I27.￿6) JJ5.704 403.760 IJS&P04 403. iwtonihStrMnl& ot 31 fc8fftLwaJ2J 35>T4S 353.746 12411 256.266 5)1.241 Dl.2411 T. 22Q.641 .fj41 D611 1220NII rtOCl455thbirth￿c¥¢￿￿ by 12nk33n 12.Xg.$3TI 1.¥ie.osx IL￿ (le￿.202) 2010.252 1165.9151 OqQ.4041 4 040.404 3.$39.1 Nel IhSYWto31 tY•mbwW2Y.4J 470Th &71J.J17 567 1 7&11É.236 143A•6.•75 DDfwTtyr￿23l￿. W1.241 r&ld mthlo 8 b￿k ¢¢1 lo d￿a￿anG￿Tr￿ltlIJ1oth&ty￿ h•4 Report ol the Trustees 15 months to March 2025 60

Notes lothe Accounts 11 Tanglbh flx•d ass•ts P&nL Land and bulldings and tor tiwJ$ vehlcles 2025 Total Grou At 1 January 2024 (Jitiow Transfer of nel 8ssels to the Duch8sne Trust C (note 201 At 31 M9rch 2025 5.842.420 515.010 6.304 18.2rAJ 6.375.630 5.842.420 521.314 16.21KJ 6.381.934 D•pr•ttation At 1 January 2024 Charge for period Transfer of nel asset5 to the Duch￿￿¢ Trust C Inole 201 At 31 V￿ch 2025 5.603.066 47.814 425.096 18.2(KJ 6.lJ46.362 24.447 72.261 5.650.880 449.543 18.200 6.118.623 Net l)ook valu•8 At 31 2025 At 31 D￿ember 2023 239.354 89.914 329.268 l tsrKJitrAg flxeA assets beloNJ to Ihe Flthorhou$o of the Soclety. The charty has r¥) taroitAe fixed as50ts. is likely that there are material drffere￿e$ betsveen th8 open market values ofth& groLV'S land and bu51dSngs and thdr ￿1 bwk value5. These ￿se from the ¥p8cialist nature clsc¥ne pro￿rtIeS and the effects of infiation. The amour* of $u¢h dtfferences cannot be ascert¥in•d wlthout incurrTng significont Costs. whi¢h in th6 opinion of the tNslees. is not justified in temis of the bonèfit to the user5 of Ihe accounts. Thwe were no copitsl commItrn￿ as at 31 Varch 2025131 Dec￿b￿ 2023- rMel. Report of the Trustees 15 months io March 2025 61

Notestothe Accounts 12 Inv•¥tmrts. Group￿1 Chllrlty rested 31 March 31 D8cember 2025 2023 FknarK4al Investments atfakvalue 1rnHrket￿knl Cash ha￿ by Inv8sfmentm8nag8rs 173A49.212 1SO.69&381 17A10.5S1 28.413.830 191259.703 179.107I11 191259.763 TmS18rol￿t as5&5 to ts Duch68r Tmstck) Inote 201 At 31 Vorch 2025 179.107.211 Coslof inbstm8nts 135m8.844 138m2.891 31 March 31 D8cember 2023 Inv•sbnont8 D￿nIng fair v81u8lmarkel ¥akJel W irtom6 reIn￿s￿ IwNhYwinl t ca5hwithdrèwa Nt unre815ed in¥estmertt wns Fval m#rktstv￿ at 31 ￿r¢h 2025 1aOA93.3B1 180.413.744 12.993.032 119.950.5031 {8.80&1921 11.259.Wg1 18.570.991 11.4￿.109 1n.449212 180.693.381 Fin5￿ClE1 Invo$kn￿¢S h8bJ 8t31Ntrch 2026 1￿me￿1&tetyprfQrto ts tr8n5ferto Duchès￿ Tr￿t CD Corn￿$¢d t rest8 31 31 Dat￿)ber 2025 2023 Equ￿88 FI￿ Interest securit Altomatiw88 lexcludin9 wowty) Propwty 100.937.681 05.785270 22.913.7r3 20.152.130 35.098.B35 X1251216 14Ag8.973 I4.5￿76$ 173.449212 150.693.3B1 17.810.$51 28A13.830 191.259.763 179.107111 Cash 13 D•btty As résta 31 Mar£h 31 Dewnber 2025 2023 31 M¥¢h 31 Docernber 202S 149A36 151.138 8297 308.871 149.436 151.138 V8slmerrtlrwn¢ ffje0￿t4e 0th8rdebto 143252 143252 143252 143.25 300.574 Trartsfer of ngt8$$9ts DUcl*Sn8Tr￿tC￿) Inote 201 308A71 )0.574 Report of the Trustees 15 months to March 2025 62

Notesto the Accounts ¢hgV 31 2025 31 $1 Derwnb ?Q2J 2023 20?5 40m279 lJO3.•70 1.Jb1170 i￿￿79 4$6ts79 Y7.1$2 731.128 547.1 1.128 200M03 sbffgw9raD￿OJr 30.152 3.746 3￿.44ts 1221J137 57.087.2SS 179.16S 9th4 42X.35B ￿.T8&.926 9ffj84 4XT13287 42.TlJ2•7 ST￿￿7&5 31.7e8926 2￿5 2023 18SA63 I.Tq•.3DJ 6293 40.27027 30401.T03 2.729J37 33.SBS.683 4￿nce rwrledfv• l FQth2015.LluthpRneTru$tCIO(E5U(￿55¢Tthé￿fyk￿D￿InÉT￿1UhJ&I￿￿l¥ry￿￿OIIrthllIOM clthe Dunrygtheiwrto31 L•mbèr2rr23.th4 TN4I¢ommYaDdbp•yadDnH￿ D1￿,eD2,￿jkmI1I¥TrFrWnLxoIth1 Soi PWPEtty. Th15 Dwbtsi202J.No&sco￿￿1ts￿Wo• 4p￿1¢dIn￿•4GG0llDts¢fthltI¢W TPAS h•& Thrr¥¢￿4DC¢rfI￿dbYwsy￿ 0[￿r)￿lI￿¥S￿&nlr•l￿QthlIn￿05ewllu￿ts($e• 1026 2D23 2026 $47.11 822.76T 151 4JU24 I.JI6A22 496.6B8 1.4goot4 gD3.376 2.W.128 ￿￿2.695 I.337￿￿ 1.4WJffj64 37LS16 2.369286 2.8S&956 2.111244 2.731AO6 m4r40 314¢-23 4.160.0 126495 I484￿00> $53.746 ToiddDn4lDn5 paPblèatl JaN￿•￿I024 4.160.OCII 126fj peri le0131 KWrth1025 2.116A06 1.55&15 3W2995 fjupanathanty J1 Mirch 31 OW 1025 ZD23 Oomlcffjs It￿244 2719&21 2.71&021 14. Report of the Trustees 15 months to Maich 2025 63

NotestotheAccounts 16 IIèsirfcied1￿￿ The inr¢m¢fvndsofthewoupan¢tharftylTrdude rnstithdfundso)mprfslny th•tllDWiW unwended b41ofK4$ofQwor& hddonJ51617 beap￿ie￿ tr¥pedl¢ oumoyes.. Al 1 JoTrJllry 2024 Tv•Mf•r• lo ao 31 Fl•rrh 2Q25 F￿JreSuS￿nab¥ty1j￿o s1an pmlects bJnd H£￿￿@t￿Jnd I&7￿.929 1.446.371 88LI.935 2.982W42 58.739 35.7T6 154.550 3231.907 {3.449.4071 121ffj451 IQ.670.T72 18S.993.1361 210.131 {1.693.3961 127984 {1.031.3901 1154550 .fj3.107 70.tIO.235 t1J108J87 ON.717.•22 31 DOC￿ts￿r 2D23 Al l J•rvJ&ry 2023 GalDB on me ill61ments Tr8n8fèts Futs&f£ ÉuAtsinablty•Jnd %ian •Jr 08.057305 1.796898 789 Q18 f34 &97 5n81nOfj 49256 30.000 12.019981) IS152451 185291 11J4.897} 6.060595 1ISh62 70A46 75.798.929 1.446.371 680.935 Uktain& Rtsg$i4 WJpportJnd 09.387.918 6.339 082 r2 85T4T2J 8.246.707 78.118.235 Jwr• future su51aknllty fvnd r8wes8ffls that beBn d¢Nted by [￿n￿eS clthe sor￿ in ￿$[￿Y￿e w thecell t Gen¥al C￿pIer￿2o16 to'¢ommit as one i￿Y lo IIv8 our carnmuniiy ofwds by shadng (xjr resources Ihts Sc¢l¢ty. e5pKk?Ily ourfinarKial r8swr¢es, In susialD oji If¥nd missknn krihe future.. D8tall¥ orth• types offvThW set ouLin an intsmai docurn8m trlled'Primtie¥ brFuLu￿ Sustwnabllty" TheAslOD re￿￿￿$ rn¢n wtlch ¥￿e ￿gIn¥llY fc<spechlc AS1￿ pW5. rllagB The wre$9rts mankns recehtd 10 fltaie MnI￿anCe cfhenlwde asss lh2 SoBlety Dflhtr sar￿j ￿rt. rwrties kncaled In JJt4ny, F￿￿.. Gtand CoteHu In the St4tes £lAmerfca,' Romo. y. Tsdidartiy fijnd r￿[esentS monty thai beBn (Thted tobjnd pnl8¢ts kn support and ￿Ucate ¥4JlmYe orwps vtho I Pwiy er•the 818 Supr￿￿d Ihrowh Ihe drxl s￿￿1￿MeTht of1nd1¥￿UaI meThbers olthè S¢¢￿Y Funds areo*en +Y1r￿ted towarf¥ al￿ tosk ntCè6$1118s of1￿. Report ol the Trustees 15 months to March 2025 64

Notesto theAccounts 17 Dè8bJNiodfutyJi in¢Lme fiJr¢$ ofttÈ9r(w4r￿¢h8ltyknxWthfrS￿b￿￿r1J d05&nHtedfLrt$ V4hthhe teTr$#¥$bJeoutofurff45tstbJ f￿￿$fO[speCfft puwes.. 1 J•nuxy2D24 la% r•iw•d) Twhr•to At ￿ M￿1 2UZS R¢¢¢fved Expende Forrn3Ocfflfw So1￿￿ty[W FU￿reSUs￿lTh￿tI￿￿fWd 1125.961 5.W3.OS9 &025.0 11a14.3 1111.f•)51 1215.150) 13.667.91 14.532.912> IIA92.iM8) 13.517.12 l &nw2)23 FurthBr 31 D￿0Mber￿24 2.8(V.9I9 6.029.428 125.012 18CQ.OCQI 1126.3S91 2.125.561 Fubjie 5U5tsinabiltyfur G￿er91fu￿1 6.025.txMI 47.426.860 67.480.8 50.244.065 737.741 3.554.946 4.481. Fornmtlon lund Trvform8v￿ fund rep[w￿fUndSthfit designed tocLryBrthoty#as2tsSat￿ wlth the Inlttal and ucat5M d memb8r5 ￿lhe￿iety oftheTeu ptWL So¥dwtyfund n 9￿idarity fund repreEentsfundsthatha¥e bn design￿ tofund prolefflst02uprortand gduce vulDerabl8wp8 who Ilve in whorethe prO)￿ts thI￿gh thedlrect invLl¥ernentof indihidvBI rnetnbsolthe ety. Thls Isoften kn¥Brd$w¢men and children who lack th baG Fwtyr• sust4iThabllltyfwnd Tre FutuTeSustalnabiiityf￿nd wre5eDtsfund&that hava been in reSp￿set￿the￿W fr￿D1heG￿eraI Chèptsrof 2016 to'ttybmit(WfWve$88one Wyto Il¥$ouY(￿nm￿n￿yof￿oCés bysharingoui r￿)￿￿£s1hr0usho￿ltha Sc1￿, W￿l)I1Y wirinant￿l ie2ouic4 In crder to Sustain oui life m185vJTh ¥oithefuiur&' TheGeneraletefund iepreseTrtsfundsihai hwe been de5ignathd to ￿sUrethE ¢ontinuin4gupwrof the General Gwn¢lllrrfs ￿the50th￿1nd t￿luN￿l￿&￿th0•Um￿nIS1rIly6•ts4 opér8t1r￿aIeCGtsofLhe Ntherhoudthe A3 rv5tated 31 31 Decemb2r Croup fvl 1 ￿n￿ry%￿L4 1$3.736 31 2025 .311 chartyLt45 nc4a¥manyngknr￿ a55e T￿￿￿￿18￿x•d Assèts fuTrJ wresents thenetbDd(vaue ofth&group¥tsr4IJefr￿ a$setqwh￿h how teen finarttdfrcrn unrethbj funds. Ath1$k￿ tnadF to sworat¢lhi4 fuTrJ from the9ewfvnds (rfwgioJp In rowlltyirfthèf8cithAt a5ss ore esserthl kntrEtlalTrdwyWoikoltsk4)Ihar￿us•dth&SK￿tyandtr￿ val￿r￿&s￿￿ by $u¢h8s$ets, fvr¢fue, sho￿ rrtber*¥dg195 e&5e, kn Report ot the Trustees 15 months to March 2025 65

Notestothe Accounts 31 lund fvnd Fund￿￿5 ￿31 W 2025 lthIr4￿f￿rt0tr ￿¢￿#5 263311 8&761.910 4&717.462 IBIA763 knswtrnerts .3 1￿244 1191 203J11 R#trtea TanW￿ fvr¥ ILmd rund JM 23 d L￿¥&31 DI¢iim￿x2) vJwèrèwès¢fit4aty'. 54A54292 6￿126 17B.107.211 14SSJ811 130.545.5741 1310946131 12.71$fjXI 12.718.021> 61AW.8) 4.697.462 144. (s93.￿8> 78.1162 fvnd• 31 Mw¢h fund eh Fund VArcha)25 11.W.8¥ P7ACO.I&1) IJ•Ats9A52) trye¢r 717A22 526J J11281 I49.6￿￿7 1431 GwerW D￿nb￿r fvnd Ch tr4W¢SSt31 7&8trJ.403 I￿25￿) 64.t64I92 35.t43.4X 179.10T.211 1455.3811 131554￿75) 132.7D3.2141 Ctfjd#ors'.ar(w>Jnts faiwoAqtrdn 37180 78.116Zth 61.W Totyi netliS8 4.066.8SI 14I68&976 Z5 37.110a60 1IAeo.4 Report of the Trusiees 15 mDnths to March 2025 66

Notesto theAccounts 20 Tran8f•r to CIO TIPTru$t￿ oflhe charty arealso Ihe tru$¢5 of Duch8sne Twst CD Icharlty Registrai•)n Mjmter 1210(b61. a charty r￿[ster&I vjrth th8 Charity CommIss￿n of Ewland and Wales on 17 September 2024 Wth effect from M￿n￿ht on 31 March 2025. the act￿￿6$, assets and 1lathlrtk￿ oftrEcharitywere tran5fwreJ lo t￿ Duchesne Trust Cl) in accudance with 8 le9￿ dJ oftransfer Of1￿ net assets undertaking. The net sssets of the group and ch8rty8t thaldate cownprts&J". Group Chaffty od •M•ts TaryiLle fixed assets Cost Dep￿lO￿n Net twk v4ue Invsstments Financid investmerts cash by investmert m8n4ers 8.381.034 18.118.6231 263311 173.449.212 17.810.551 173.449.212 17.810.551 191.2S9.763 191.$23.074 791.259.763 191.259.763 Curr•nt a￿t• Debtors Ga5h at bank 144.846 4.146.56D 4.291.406 143.252 2.846.654 2.989.906 Cr•diior•: amounts fal1iThJ due Lne 42.713.287 142.399.368 Net ¢ur￿￿tIl•bI[ItIe¥ Totsl assets less current Ilabllltl•$ Cr•dittirs'. amounts f41ing aftw More than 0￿ Totsi n•t ass•ts 138.421.881 153.101.193 12.191.244> 150.909.949 139.409.452 151.850.311 12.191.244) 149.659.¢X7 Row•sentsd ty. Fund$ and r•wrvg$ Restri￿•￿ fund9 88.717.922 88.717.V22 Unrestrltt¢•d fun . D•slgnated fun . Tanlllb￿ fixod awts fund . Gen8r•l fvnds S2.629.864 26&311 9.29&852 52.629.864 8.311.281 150.gJ9.949 149.659.067 21 UllwMt• Control Thr(whwl the wiod to 31 March 2025 the chartywas ¢efjtrdlgd Soclety ofthe Sacrvj Hè8rL a Roman CatlK4K I￿￿knu$ ¢orGregaknn. The trustees of th8 charity compri58 th& Suwror Genera * Ihe General Counclllors of the Societyof the Sacr8d Fkart iogether wrth C8norbtcal Tr￿urer Generd Sow. The charity. whlch is corstTbJted as a trust, wa5 conirolkd IhrouglKyJl theyear by the So¢iety of the tywtue ofthe lact Ih8t members tsfthe &tiety dect Suwy Gwg18ThJ the sUp￿r Gener￿ th8n ¢h)ses the &n8ral Cwtriltrs at ts Gwra Chapter hdd 8verye]ght yes arKI the Can0n￿al Treasur Genwal is appointed tythe Su￿￿Or General at least evwy threeye8r5. The Soclely does any assets. kncur any of the10bill￿ or entsr into gny dthe tran5acbDns refiectwl ITh thes8 accounts in ts own rlgm. Report of the Trustees 15 months to March 2025 67