REGISTLRED CHARITY NUMBER: 1002216
REPORT OF THE TRUSTEES AND
UNAUDITED FINAIYCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
OUR LADY OFFJDELITY GENERAL TRUST
Kentwell Associates Ltd
Accountants
13 Hampden Road
Beckenham
Kent
BR3 4HD

OUR LADY OF FIDELITY GENERAL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7 to 13
Detailed Statement of Financial Activities
14 to 15

OUR LADY OF FIDELrrY GENEII4L TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trnstees present their report with the f￿anCIal statements of the charity for the year ended
31 December 2024. The trnstees have adopted the provisions of Accounting and Reporting by ChaTÉties:
Statement of Recommended Practic¢ applicable to charÈties preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Rcpublic of ircland (FRS 102) (effective l January
2019).
OBJECTIVES AIYD ACTIVJTIES
Objectives and aims
Th¢ object of the trust is promoting the charitable work for the time being carried on) promote or supported
by the voluntary association of Roman Catholic women known as the Community of Our Lady of Fidclity.
Public benefit
Th¢ TTusl¢¢s hav¢ consulted the guidance made available by the Charity Commission for England and Wales
on the Public Benefit requir¢m¢nt of the Charities Act 201 l. The Trnstees are confident that they have complied
with th¢ir duty under section 4 of the Charities Act 201 l in that they have had due regard to public benefit
guidance published by the Commission.
ACHIEVEMENT AND PERFORMANCE
Revieiv of the Year
During the year the Trnst continued to provide f￿anCIal support to the Congregation of Our Lady of Fidelity's
religious communities at Upper Norwood and Folkestone and this support will continue in the fUtl￿¢.
During the 2023 f￿ancial year, the Trust made a contribution of £124,210 to Our Lady of Fidelity Convent-
UpperNorwood to cover maintenance and development costs of the Convent building and St Mary's Lodge. In
addition, the Trust received income from Folkestone Family Centre of £58,896 in the year, as well as repayment
of a loan from th¢ Norwood Family Centre of £10,224.
InvestmeDt policy
The TTUSt's funds aTe invested by professional investment managers in a narrower range and wider range
investments in order to provide income to enable the trust to fulfil it's chaTitable objectives.
FINANCIAL REVIEW
Reserves policy
It is the policy of the trustees to maintain sufficient reserves to ensure the smooth running of all artivities in
the event of a Slldd￿ loss of income. The reserves are kept at a level to finance the Charity's declared objectives
and support the charitable activities and objectives of Our Lady of Fidelity Eslablished at Upper Nonvood.
London (245644). if required.. The reserves policy is being revI￿¢d wntinuously.
Financial posltfion of the Trust
The Charity's financial position is shown by the balance sheet on page 6 of the accounts and is considered
satisfactory by the trustees.
Pagel

OUR LADY OF FIDELrrY GENEII4L TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
FUTURE PLANS AIYD DEVELOPMENTS
The Tn￿t has supported the building works and ongoing expenditure at Our Lady of Fidelity Conv¢nt
Upper Norwood. and the Trustees believe this Trust will now be in a position support the majority of its expenditure,
by means of additional rental income being achieved.
In 2024, the Trust has made a further contribution to Our Lady of Fidelity Convent - Upper Norwood of
£43.672.
The Tnjst will continue to support Our Lady of Fidelity Convent - Upper Nonvood. London (245644) in the
post balance sheet period. however, the trustees are confident that this will signifi¢antly reduce in 2025 as all
building works are Complete ai the Norwood site and income from letting has increased.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing docujnent
Our Lady of Fidelity Charitable Trnst is governed by a trust deed dated 4 April 1949 as varied by a scheme
dated 23 August 1990 by an order of the Charity Commissioners dated 7 May 1992 and is registered with the
Charity Commission, Charity Registration No 1002216.
Recruitment and appoinlment of new trustees
The tnjstees, who served throughout the year are listed on page l. Appointment of trnste¢s is governed by
the trust deed. the trustees are authorised to appoint new trustees to fill vacancies arising tllrovgh resignation
or death of an existing trustee.
Organlsational structure
The Trust is administered by the Trustees. The trust employs no staff.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Cbarity nun)b¢r
1002216
Principal address
1 Our Lady's Close
Upper Nonvood
LONDON
SE193FA
Trustees
Sister S Davey BA (Hons)
Father J Alappat
Sister M R Arakkal Trustee
O Oresanya
Independent Examiner
Kentwell Associates Ltd
Accountants
13 Hampden Road
Beckenham
Kent
BR3 4HD
Page2

OUR LADY OF FIDELITY GENERAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Sollcltors
Pothe¢ary Witham Weld
70 St George's Square
London
SWIV3RD
Prinelple Bankers
HSBC Bank PIC
Pall Mall Branch
69 Pall Mall
London
SWJY 5EH
Approved by order of the board of trustees on....
/4J,12<
signed on its behalf by.
Sister S Davey BA (Hons) -Trustee
Page3

INDEPENDENT E￿￿INER's REPORT TO THE TRUSTEES OF
OUR LADY OF FIDELITY GENERAL TRUST
Jndependent examiner's report to the trustees of Our Lady of Fidelity General Trust
I report to the charity trustees on my examination of the accounts of Our Lady of Fidelity General Trust (the
Tnlst) for the year ended 31 December 2024.
Responsibilities and bYdSiS of report
A8 thc charity trllstees of the Trust you are responsible for the preparation of the accounts in accordance with
the requiicmcnts of the Charities Act 2011 ('the Acl,).
I report in regpect of my examination of tbe Trnsl's accounts carried out under Section 145 of the Act and in
carying out my examination I have followed all applicabl¢ Dir¢¢tions giv¢n by the Charity Commission
under Section l45(5)(b) of the Act.
Jndependent examiner's 5tatement- matter5 of concern identified
I have completed my examination.
I have highlighted matters of concern in my report and would like to draw your attention to note l in the financial
statements concerning the charity's ability to continue as a going concern, in relation to the achievement of
ture cash reserves and forecasts.
As stated in note I, these events or conditions, along wlth the other matters set out in note I, indicate
uncertainties exist that may cast doubt on the charity's ability to continue as a going concern, but my opinion
is not rnodified in respect of these matters.
I confirm that no other matters have come to my attention that give me cause to believe that in any rnatCTial
respect:
accounting records were not kept in respect of the Trust as required by Section 130 of the AGt- or
the accounls do not accord with those r¢cord8' or
the accounts do not comply with the applicable requirements concerning the forni and content of accounts
set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair view which is not a matter wnsidered as part of an independent examination.
confinn that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Kanni Ramachandran
Kentwell Associates Ltd
Accountants
13 Hampden Road
Beckenham
Kent
BR3 4HD
Date:.............................................
Page4

01]R LADY OF FIDELITY GENERAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unrestricted
fimds
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
69,246
45,170
Other trading activities
Investment income
71,321
19,791
121,652
20,646
Total
160,358
187,468
EXPENDITURE ON
Charitable activities
Charitable activities
173,348
160,727
Net gainsl(losses) on investments
(180)
(613)
NET INCOMEI(EXPENDITURE)
(13,170)
26,128
RECONCILIATIOIY OF FUNDS
Total fimds brought forward
1,314,116
1, 287,988
TOTAL FUNDS CARRIED FORWARD
1,300,946
1, 314,116
The notes form part of these financial statements
Page 5

OUR LADY OF FIDELITY GEIYERAL TRUST
BALANCE SHEET
31 DECEMBER 2024
2024
Unre¥tricted
funds
2023
Total
fLmds
Notes
FIXED ASSETS
Tangible assets
Investments
1,124,066
108,226
1.124,066
108,206
1,232, 292
1, 232,272
CURRENT ASSETS
Debtors
Prepayments and accrued income
Cash at bank
10,224
1,000
3QO
40,255
34,336
44,560
41,645
CREDI'foRS
Amounts falling due within one year
(17,844)
(9,698)
IYET CURRENT ASSETS
26,716
31,947
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,205,576
1, 200,325
NET ASSETS
1,205.576
1, 200,325
FUNDS
Unrestricted funds
io
1,205,576
1.200.325
TOTAL FUNDS
1,205,576
1.200,325
The financial statements were approved by the Board of Tn￿teeS and authorised for i8sueon
J.41.1,. qkn￿-,
were signed on its behalf by..
S Davey BA (Hons) - Trustee
M R Arakkal - Trustee
The notes fonn part of these financial statements
Page6

OUR LADY OF FIDELITY GENEIL4L TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUIYTINC POLICIES
Basis of preparing the fmancial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with thc Charities SORP (FRS 102) 'Accounting and Reporting by Charities:
Statement of Recomtllended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (TrRS 102) (effective
l January 2019),, Financial Reporting Standard 102 'The Financial Reportillg Standard applicable in the
UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared
under the historical cost convention. with the exception of investments which are included at markct
value. as modified by the revaluation of certain assets.
The accounts have been prepared under the historical cost convention with the exception that investments
are valued at market value.
The accounts have been prepared in ac¢ordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities (SORP 2005) issued in March 2015 and applicable UK
Accounting Standards and the Charities Act 2011.
The charity has taken advantage of the exemption in Financial Reporting Standard No. l from the
requirement to produce a cashflow statement on the grounds that it qualifies as a small charity.
Income
All income is reCO￿lSed in the Statement of Financial Activities once the charity has entitlement to
the funds, it is piobable that the income will be received and the amount can be measured reliably.
There will be no income from pensions for the foreseeable fijture as the ts￿stee has now sadly passed away.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefits will be required in
seiÉlement and the amount of the obligation Can be measured reliably. Expenditure is accounted for on
an accrnals basis and has been classificd under headings that aggregate all cost related to the category.
Where costs cannoi be directly attributed to particular headings they have been allocated to activities
on a basis consistent with the use of resources.
Tangible fixed assets
Tangible fIAed assets for use by the charity are stated at cost less depreciation.
The freehold properties illcluding the cornmunity house were piofessionally revalued by Champion & Co
on 30 July 2014 and 18 March 2015 at £1,190,000. Sincc thc la.%t valuation, thcre been several
improvements, with 2 properties and a parcel of land bcing .8old in 2018 and 2019. The remaining 2
properties are valued at £l,124.066 and the trustees confirni this is a fair vale.
No amortisation is charged on the community houses as it is the policy of the trustees to maintain the
building to a standard that ensures that the residential value is not less than the Professional or
tru8tees' valuation.
Taxation
The charity is exempt from tax on ils charitable activities.
Fund accounting
The general fund comprises those monies which may be used towards meeting the charxtable
objectives.
Page7
continued...

OUR LADY OF FIDELrrY GENEIL4L TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES - eontinued
Going concern
These financial statements are prepared on the going concern basis.
At 31 December 2024, the charity had a balance sheet surplus of £1,205,576, with £1,124,066
representing freehold land and buildings and a deficit for the year of £(13,170).
The trustees have a reasonable expectation ihat the charity will continue in operational existence for
the foreseeable future assuming current ￿ndIng levels and the management of expenditure. The Trust
has also provided support to Our lady of Fidelity Convent Upper Nonvood in both 2023 and 2024 and it
is anticipated that this will reduce in the near future.
Conclusions relating to the going concern assuinption- future performance of the charity
The trustees have continued to develop new stiategies to improve the peTfonnance of the charity. The
trusteEs are confident that the new strategies developed, between 2019 to 2023 will continue to assist
in improving the balance sheet PO8ltion of the charity. The current financial position of the charity is
suggesting a further decrease in reserves, but the tnjstees are confident that in spite of economic
difficulties this will be minimised and the position improved during 2025126.
Conclusion
Having reviewed the management accounts and plans of the charity and having taken into account the
current and forecast perforniance and level of support to Our Lady of Fidelity Convent (Upper Norwood}
the trustees believe they have reasonable grounds for stating that the charity has adequate Tesources to
continue in operational existence for the foreseeable future and in spite of economic difficulties, the
trustee8 consider it appropriate to prepare the fmancial statements on the going concern basis.
OTHFR TRADING ACTIVITIES
2024
2023
Donations
Pensions
Salaries
Supervised Contsct
10,350
43.758
35,768
34.661
27,832
72,843
79,526
IIYVESTMENT INCOME
2024
2023
Rents received
Investment incoine
Deposit account interest
19,467
8,704
268
20,428
4,925
218
28.439
25,571
Page 8
continued...

OUR LADY OF FIDELITY GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023
Trustees, expenses
There were no trnstees, expenses paid for the year ended 31 Decembcr 2024 nor for the year ended
31 December 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fimds
INCOME AND ENDOWMENTS FROM
Donations and legacies
45,170
Other trading activities
Investment income
121.652
20,646
Total
187,468
EXPENDITURE ON
Charitable activities
Charitable activities
160.727
Net gains on investments
(613)
NET INCOMEI(EXPENDITURE)
26,128
RECONCILIATION OF FUIYDS
Total funds brought forward
1.287,988
TOTAI. FUNDS CARRIED
FORWARD
1,314,116
Page 9
continued...

OUR LADY OF FIDELITY GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
TANGIBLE FIXED ASSETS
Improvements
to
FTeehold
propety
propety
Totals
COST
At l January 2024
Additions
890,000
234,066
1,124,066
At 31 December 2024
890.000
234.066
1,124,066
NET BOOK VALUE
At 31 December 2024
890,000
234,066
1.124.066
At 31 December 2023
890,000
234,066
1,124,066
The trustee's consider that the value of the freehold properties 8hould COT)tinue at £1,124.066 at 31
December 2024.
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At l January 2024
Disposals
Revaluations
108,206
20
At 31 December 2024
108,226
NET BOOK VALUE
At 31 December 2024
108,226
At 31 December 2023
108.206
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
Unlisted
investments
Valuation in 2024
108,226
Page 10
continued...

OUR LADY OF FIDELITY GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR EIYDED 31 DECEMBER 2024
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Other debtors
10.224
1,000
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other c￿lItOrS
17,844
9.698
10. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
fimds
At
31112124
At 111124
Unrestricted fund5
General fimd
Designated Fund
190,050
1,124,066
(13,170)
176,880
1,124,066
1.314,116
(13.170}
1.300.946
TOTAL FUNDS
1,314,116
(13,170)
,300,946
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in fvnds
UDre5tricted funds
General fimd
160,358
(173,348)
(180)
(13,170)
TOTAL FUNDS
160,358
(173,348)
(180)
(13,170)
Pagell
continued...

OUR LADY OF FIDELITY GENERAL TRUST
IYOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
io.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
Transfers
between
fijnds
movement
in funds
At
31112123
At 111123
Unrestricted funds
General fimd
Desi￿ated Fund
163,922
1,124,066
26,128
190,050
1,124,066
1.287.988
26,128
1.314.116
TOTAL FUNDS
1,287,988
26,128
1,314,116
Comparative net movement in ￿nds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
(Teneral fi￿d
187,468
(160,727)
(613)
26,128
TOTAL FUNDS
187,468
(160,727)
(613)
26.128
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
funds
At
31112124
At 111123
Unrestricted funds
General fund
Designated Fund
163,922
1,124,066
12,958
176,880
1,124,066
1,287,988
12,958
1.300,946
TOTAL FUNDS
1,287,988
12,958
1, 300,946
Page 12
continued...

OUR LADY OF FIDELITY GENERAL TRUST
NOTES TO THE FINAIYCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 DECEMBER 2024
10,
MOVEMENT IN FUNDS - continued
A current y¢aT 12 months and Prior year 12 monlhs combined nel movement in funds, included in the
above are as follows:
Incoming
Tesources
Resources
expended
Gains and Movcment
losses
in funds
Unrestricted funds
G¢n¢ral fund
347,826
(334,075)
26,709
12,958
, TOTAL FUNDS
347,826
(334,075)
26,709
12,958
11. CAPITAL COMMITMENTS
May 2021, the knst compl¢t¢d all works on one of the freehold properti¢5 h¢ld in Folkestone, and
the property is now fully let. No work will commence on the second properry in Folkestone until
funds allow and this will be supported by Our Lady of Fidelity Upper Norwood, London, by virtue of
the rental income being generated at the Norwood site, in the future.
12, RELATED PARTY DISCLOSURES
The trust has continued to support Our Lady of Fidelity E8tabEished at Upper Nonvood, London (charity
number 245644) during 2024.
During the 2023 financial year, a contribution of £124,210 was made to Our Lady of Fidelity Convent-
Upper Norwood to ¢ov¢r maintenance and d¢v¢lopm¢nt costs of the Convent building and St Maws
Lodg¢.
At 31 D¢cemb¢r 2023. the Trust was owed £l.000 by St Mary's Family Centre. This was repaid in
2024.
Page 13

OUR LADY OF FIDELITY GENERAL TRUST
DETAILED STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDLD 31 DECEMBER 2024
2024
2023
INCOME AIYD ENDOWMENTS
Donations and legacies
Donations
69,246
45,170
Other tradlng aetlvfitles
Pensions
Salaries
23,758
35,768
34,662
27,831
Supervised Contact
62.493
59,526
Investment income
Rents received
Investment income
Deposit account interest
19,467
8,704
268
20,428
62,126
218
28,439
82,772
Total Ancoming resources
160,178
187,468
EXPEIYDITURE
Charitable aetivities
Sundries
Postage and Stationery
Personal expenses
Professional fees
Premises expenses
Convent contribution
Contribution to Folkestone
Bank ch￿geS
Portfolio management
Training fees
Travel
Stipend
Contribution to St Mary's
Subscriptions
Retreat costs
7,604
4,466
10,839
1.250
30.601
43,672
25,105
132
183
23,769
450
27.793
60,908
545
2,069
550
4,109
2,400
14,972
477
1,376
2,400
22,373
127
57
148,626
139,601
Support eosts
This page does not fonn part of the statutory financial statements
Page 14

OUR LADY OF FIDELITY GENERAL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Support Costs
Governance eosts
Accountancy and legal fees
24,722
21,126
Total resources expended
173,348
160,727
Net expenditure before gains ¥4nd losses
(13,170)
26,741
Realised recognised gaills and losses
Reali8cd gains/(losses) on fixed asset
invcstments
(613)
Net expenditure
(13,170)
26,128
This page does not fom part of the statutory financial statements
Page 15