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2025-12-31-accounts

REGISTERED COMPANY NUMBER: 02589926 (England and Wales) REGISTERED CHARITY NUMBER: 1002469

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2025

for

St. Gregory's Foundation

TWP Accounting LLP Chartered Accountants The Old Rectory Church Street Weybridge Surrey KT13 8DE

St. Gregory's Foundation

Contents of the Financial Statements for the Year Ended 31 December 2025

Page
Chairman's Report 1
Report of the Trustees 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 15
Detailed Statement of Financial Activities 16

St. Gregory's Foundation

Chairman's Report for the Year Ended 31 December 2025

2025 was a challenging year, with a mix of internal and external factors affecting our work.

The ongoing war in Ukraine has made work in Russia difficult, but even more important, given the lack of funds available to support the most vulnerable. We have continued to transfer funds to Russia via the IVTS system, which has been recognised by the Charity Commission.

Fundraising for our Russian partner organisations has proved more difficult, although we have been successful in raising funds for the non-Russian projects. We continue to support the three main Russian projects: Communication Space in Moscow, the Deaf Club in Saint Petersburg, and the Sunflower Institute for Parents. We were successful in providing full funding for these projects despite the difficult overall fundraising position.

This year, much effort was put into developing the non-Russian projects, such as Mkurnali in Georgia and Rain Kids, Sunny Corner, and Dorinta in Moldova. Here, we see real potential in the immediate future to help create life-changing conditions in Moldova.

In the autumn, we appointed a new Treasurer, Alina Nikitina, who brings valuable accountancy and language skills to the charity.

Because of the current fundraising difficulties, the charity had to take some funds from the investment fund, although this was considerably less than expected due to a significant donation received at the very end of the year.

Despite these difficulties, we will continue to offer support to all the projects we have supported in the past.

Nicholas Kolarz (May 15, 2026, 12:32pm) Mr N. Kolarz Chairman of the Board of Directors

15 May 2026

1

St. Gregory's Foundation

Report of the Trustees for the Year Ended 31 December 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Mission Statement

The St Gregory’s Foundation works in some of the countries of Eastern Europe (namely, Moldova, Georgia and Russia) to tackle the social problems facing children, teenagers, parents and carers. Our projects bring knowledge and support to local initiatives, creating opportunities for vulnerable and disabled people to fulfil their potential. Our work makes disadvantaged children and families active participants in improving their own lives and encourages a more charitable society.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The St Gregory’s Foundation is a charitable company and is regulated by Memorandum and Articles of Association. Our goals and methodology are:

In practice, our current work is concentrated in Moldova, Georgia and Russia, in assisting socially disadvantaged and disabled children and youth and enabling their integration into local communities. The trustees ensure that the projects undertaken are in line with our charitable aims and objectives and the Charity Commission’s general guidance on public benefit and prevention and relief of poverty for the public benefit. We work entirely through local partners who deliver assistance to their beneficiaries, irrespective of religion, gender, ethnicity, age, or political views, who are transparent in their activities, and share our ethic of empowering their beneficiaries.

Public benefit

St Gregory's acts in accordance with our policies:

" Safeguarding vulnerable children and adults and safeguarding policy (online teaching)

" Volunteer policy

2

St. Gregory's Foundation

for the Year Ended 31 December 2025

Report of the Trustees

ACHIEVEMENT AND PERFORMANCE

Charitable activities

In 2025, St Gregory’s proudly supported a range of partner organisations and projects, helping to make a real difference in the lives of children, young people, and families in need:

Alternative/Augmentative Communication (AAC) for disabled children and youth– run by ANO ‘Communication Space’ in Moscow.

During 2025, 21 children and young people with developmental disabilities took part in therapeutic sessions. Organised into five small groups of five participants, tailored to age and abilities, each session supported skill development, confidence, and overall well-being.

The Centre provided group supervisions to 26 specialists from cities across Russia, including Moscow, Saint Petersburg, Volgograd, and Rostov-on-Don. These sessions offered professional guidance, peer exchange, and practical support, helping participants enhance their skills and improve outcomes for children with special needs.

In April, the Centre ran an online course for parents and specialists, “Adapted Reading for Children and Teenagers with Intellectual and Multiple Disabilities.” A total of 27 participants attended, including parents, guardians, or family members, and specialists from cities across Russia such as Voronezh, Pskov, Kaliningrad, Kodinsk, Ramenskoye, Rostov-on-Don, Nizhny Novgorod, Syzran, Bryansk, Lipetsk, Belozyorsk, Irkutsk, and Tula. The course provided practical strategies to support adapted reading at home and in professional settings.

Additionally, 10 animated social stories and two adapted games were created and published on the organisation’s website, offering accessible educational resources for children and young people with special needs.

Throughout the year, the Centre provided comprehensive psychological support for parents and worked tirelessly to increase the competence of specialists. Forty-nine parents from Moscow and other regions received individual, couple, and family consultations, while over 50 specialists took part in professional online group sessions. The Centre’s psychologists also ran a free telethon for parents on a specially created Telegram channel, “Stantsiya Otdykh,” which now has 266 subscribers, including parents from across Russia and one participant from Georgia.

Music and speech therapy for hearing-impaired children in St Petersburg.

The Club remains the only place in St. Petersburg where children aged 10 months to 2.5 years can receive early diagnosis and begin speech and language therapy, while parents gain practical support and connect with other families.

In 2025, 25 families benefited, including 11 with parents who have hearing impairments. Most were from Saint Petersburg, with a few visiting from Vladivostok, Khabarovsk, and Tomsk for hearing assessments. The Club’s audiologist conducted five consultations and hearing checks, while the educational psychologist held three sessions on developmental and communication concerns.

All children showed positive progress, particularly in communication skills, using facial expressions, gestures, actions with musical instruments, and producing sounds and short words. Parents also improved their emotional well-being, expanded their social networks, and became more confident advocating for their child’s right to learn alongside hearing peers. Following the Centre’s guidance, parents can now access legal support through the City Psychological-MedicalPedagogical Commission if needed.

Tackling homelessness and providing legal support to young offenders in Georgia – run by Association ‘Mkurnali’, Tbilisi.

In 2024, Mkurnali provided legal support to 48 young people, with two cases still pending. Seven were acquitted, 25 received conditional release, 13 were given reduced prison sentences of one to two years, and three received longer sentences. Mkurnali works closely with local police, offering legal assistance to young people in contact with the justice system.

Alongside legal work, Mkurnali supports rehabilitation through access to basic education, temporary housing, vocational training, and employment support, while advocating for social services and young people’s rights. Education remains a key focus at the shelter, with daily classes delivered by two teachers, a volunteer teacher, and the director. Attendance is monitored, and children receive support to catch up on missed learning.

3

St. Gregory's Foundation

Report of the Trustees

for the Year Ended 31 December 2025

In January–February 2025, a complaint from a former resident alleging misuse of funds was investigated. As no supporting evidence was provided and all financial records were found to be in line with contractual agreements, the complaint was dismissed. While the issue briefly affected the environment of the shelter, it has been fully resolved. We continue to work closely with Mkurnali to ensure transparency and accountability.

Supporting orphanage leavers through the Sunflower Centre in St Petersburg.

The Centre supports graduates of orphanages, children without parental care, and young people with foster care experience, providing social, psychological, and educational support to help them adapt to independent living and develop essential life skills.

In 2025, around 80 young people participated in 49 sessions, including group training, individual consultations, and home visits. These activities promoted personal identity, reduced social isolation, improved psychological well-being, and strengthened communication skills. An active peer support chat connects 20 young adults living independently, offering mutual support, reinforcing communication, and boosting confidence.

In the first half of the year, 90% of participants developed self-reflection skills, 20 created realistic life plans, 13 from orphanages showed reduced social maladjustment, and six from foster families reported improved relationships with caregivers, demonstrating greater trust and conflict-free communication. A key focus was home visits with graduates who are young mothers and not yet ready to join the family support programme. In the second half of the year, Sunflower also worked at SOS Children’s Village Pushkin (Youth House), providing tailored support to residents transitioning to independent living. Twelve participants took part, achieving noticeable improvements in psychological well-being, social skills, and life prospects.

Sunflower’s summer camps for 6 single parents who grew up in orphanages and 6 of their pre-school children were organised in June 2025. Summer training aims at strengthening family relationships and supporting communication between children and parents and with their peers.

Supporting children with special needs in Moldova

In 2025, we supported three local grass roots charities in Moldova, one of Europe’s poorest regions.

At Dorintsa (The Wish) Centre, 20 children with autism, Down syndrome, underdeveloped speech, and other special needs from rural Calarasi and surrounding villages received therapy and education.

Sunny Corner (Plaiul Soarelui) runs a countryside farm where 62 young people with learning disabilities from Moldova, Gagauzia, and Ukraine took part in meaningful work and social activities.

Fundraising activities Georgia Trip with UK Supporters

The planned Georgia trip with our UK supporters didn’t go ahead, as there weren’t enough participants to run it. We were grateful for the community fundraising efforts, including support from the Chela Choir in Cambridge, Orthodox parishes, and other generous donors. A. Leporc’s online lecture also helped raise modest funds for our projects in Moldova.

The sale of Christmas cards and other gifts through the SGF online shop on eBay continued to be a popular way for supporters to give, though on a smaller scale.

4

St. Gregory's Foundation

for the Year Ended 31 December 2025

Report of the Trustees

FINANCIAL REVIEW

Financial position

2025 was a challenging year, with a mix of internal and external factors affecting our work. Fundraising for our Russian partner organisations proved difficult, and the number of retired and lapsed donors increased, impacting our income. Despite this, we were pleased to provide full funding for all approved projects in Russia and even increase support for our partners in Moldova and Georgia.

The charity closed the year with a deficit of £60,751 compared to the previous year’s deficit of 41,061. After reevaluating assets, the overall net movement of funds for 2025 was £(25,743) compared to £2,356 in 2024.

Reserves policy

SGF aims to ensure sufficient funds are available to sustain the Charity’s operations and meet regular charitable commitments for at least two years. To achieve this, the Charity maintains long-term and short-term reserves. Longterm reserves are managed to preserve the real value of capital over time while generating income to support ongoing activities. Short-term reserves focus on safeguarding capital with minimal risk.

The Board has entrusted long-term reserves to Schroders, an authorised professional investment manager, and also holds a Charity Investment Account with Hargreaves Lansdown plc, selecting investments aligned with these objectives. The Board seeks professional investment advice where appropriate. Overall, SGF aims to achieve the best possible financial return within an acceptable level of risk.

Risk management policy

The Board has identified potential risks in the current climate and taken steps to minimise their impact wherever possible. SGF continues to rely on fundraising and donations to support its work, while maintaining investment reserves to ensure continuity and fund major future projects.

Our work remains entirely apolitical and focused on helping those in need. In 2022, the Charity Commission approved our informal value transfer system (IVTS), allowing services and salaries to our Russian partners to continue without interruption. Independent legal advice was provided by Withers LLP, and a compliance review was carried out by Risk Advisory. Local partner charities in Russia are not subject to UK or US sanctions, and the Board continues to ensure grant transfers to Georgia and Moldova are made safely via standard banking channels.

FUTURE PLANS

Russian partner organisations

We continue to support the Sunflower Centre, a leading organisation providing counselling and training for orphanage leavers in St. Petersburg. We’re also offering essential, though limited, support to the Communication Space Centre in Moscow, helping them deliver accessible AAC solutions and technologies for disabled children. This is possible thanks to the Centre’s own successful fundraising, which secured additional support from other Trusts and Foundations. As always, we remain committed to helping hearing-impaired children and their parents in St. Petersburg and the surrounding region, whose needs are not currently being met.

Georgian and Moldovan partner organisations

We’ll continue to support Mkurnali’s legal programme, the only one of its kind in Tbilisi, helping more homeless young people under their care. At the same time, we’re supporting local charities in Moldova that run programmes for disabled and autistic children, working to raise standards of care and build the skills of local practitioners. We’re also planning a fundraising trip and hope to bring a UK specialist to Moldova to deliver practical, hands-on training.

Assessing future projects

We’ve put the assessment trip to Azerbaijan on hold for now due to reduced fundraising, but it remains something we hope to pursue in the coming years.

5

St. Gregory's Foundation

Report of the Trustees

for the Year Ended 31 December 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is governed by a Board of Directors, all of whom are volunteers and who meet regularly throughout the year. In 2025 the charity held 4 such meetings, including an AGM. Everyday management of the charity is delegated to one paid member of staff, the Executive Secretary Julia Ashmore, who reports to the Board of Directors. She is assisted by Sarah Gale, who helps with online fundraising on a freelance basis. Alina Novikova, a reporting accountant on a freelance basis, has provided assistance since October, as her predecessor Jyoti Tandel retired in September.

In 2025 four Directors served during the year, namely:

Mr Nicholas Kolarz (Chair) Mrs Tania Illingworth Mrs Jane Jones Mr Simon Jennings (Honorary Treasurer)

None of the Directors has any beneficial interest in the company. All of the Directors are members of the company and guarantee to contribute £25 in the event of winding up.

In 2025 our local partners in Georgia, Moldova and Russia were:

-Association Mkurnali, Tbilisi, Georgia

-AO Association for the Support of Children and Youth with Disabilities “Dorinta” (the Wish) Calarasi, Moldova (tax code 1012620005845)

-AO Public Association "Copiii Ploii"(Rain Kids) (tax code 1014620000958), Chisinau, Moldova

-Foundation “Plaiul Soarelui” (Sunny Corner) (tax code 1021620001003), Chisinau

-ANO “Centre for parents - “Sunflower”, (PSRN: 1097800001804), St Petersburg, Russia

-ANO“Early Intervention Institute” (PSRN: 1177800002423), St Petersburg, Russia

-ANO "Centre for the Development and Socialisation of Children and Adults with Developmental Disabilities “Communication Space” (PSRN: 1177700009123), Moscow, Russia.

To ensure accountability to our donors, SGF works with a qualified accountant in St Petersburg, who provides an internal audit of the financial reports.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02589926 (England and Wales)

Registered Charity number

1002469

Registered office

8 Biddulph Road London W9 1JB

Trustees

Mr N Kolarz Mrs T Illingworth Mrs J Jones Mr S Jennings

Company Secretary

Ms J Ashmore

6

St. Gregory's Foundation

Report of the Trustees for the Year Ended 31 December 2025

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner TWP Accounting LLP Chartered Accountants The Old Rectory Church Street Weybridge Surrey KT13 8DE 15 May 2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Julia Ashmore

........................................................................ Julia Ashmore (May 15, 2026, 12:40pm)

7

Independent Examiner's Report to the Trustees of

St. Gregory's Foundation

Independent examiner's report to the trustees of St. Gregory's Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Phili Munk p

Phil Munk (May 15, 2026, 2:18pm)

Philip Munk FCA FCCA

TWP Accounting LLP Chartered Accountants The Old Rectory Church Street Weybridge Surrey KT13 8DE 15 May 2026

Date: .............................................

8

St. Gregory's Foundation

Statement of Financial Activities for the Year Ended 31 December 2025

2025
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
55,057
Other trading activities
2
2,157
Investment income
3
15,833
Total
73,047
EXPENDITURE ON
Raising funds
38,507
Charitable activities
Other charitable costs
95,291
Total
133,798
NET INCOME/(EXPENDITURE)
(60,751)
Other recognised gains/(losses)
Gains on revaluation of fixed assets
35,008
Net movement in funds
(25,743)
RECONCILIATION OF FUNDS
Total funds brought forward
520,013
TOTAL FUNDS CARRIED FORWARD
494,270		 2024
Total
funds
£
75,552
23,707
17,165
116,424
57,951
99,534
157,485
(41,061)
43,417
2,356
517,657
520,013

The notes form part of these financial statements

9

St. Gregory's Foundation

Balance Sheet 31 December 2025

2025
Unrestricted
funds
Notes
£
FIXED ASSETS
Investments
6
456,314
CURRENT ASSETS
Debtors
7
870
Cash at bank
41,805
42,675
CREDITORS
Amounts falling due within one year
8
(4,719)
NET CURRENT ASSETS
37,956
TOTAL ASSETS LESS CURRENT
LIABILITIES
494,270
NET ASSETS
494,270
FUNDS
9
Unrestricted funds
494,270
TOTAL FUNDS
494,270		 2024
Total
funds
£
448,904
1,867
73,211
75,078
(3,969)
71,109
520,013
520,013
520,013
520,103

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 May 2026 ............................................. and were signed on its behalf by:

.............................................

~~Mr N Kolarz - Trustee~~ Nicholas Kolarz (May 15, 2026,12:32pm)

The notes form part of these financial statements

10

St. Gregory's Foundation

Notes to the Financial Statements for the Year Ended 31 December 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The charity, St. Gregory's Foundation, is a registered charity. The address of its registered office is disclosed in the charity information on page 6 of these financial statements. In the event that the charity is wound up, the members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

The financial statements are presented in pounds sterling (£), which is the functional currency of the charity, and are rounded to the nearest pound.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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 settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Investment

Listed investments are carried at fair value at the balance sheet date, based on their current market value, less any subsequent accumulated impairment losses.

Fair values are determined using market-based evidence, typically provided by professionally qualified valuers. Revaluation gains and losses are recognised in the Statement of Income and Expenditure. Investments are recognised as tangible fixed assets in the balance sheet, with any associated gains and losses recorded in the revaluation reserve.

Debtors

Trade and other debtors are recognised at the settlement amount after deducting any trade discounts offered. Prepayments are measured at the amount prepaid, net of any applicable trade discounts.

Cash and Cash Equivalents

Cash and cash equivalents comprise cash in hand and deposits with financial institutions that are repayable on demand or with a notice period of no more than 24 hours, without penalty.

continued...

11

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

Creditors

Short-term creditors are measured at the transaction price.

Other financial liabilities, including bank loans, are initially recognised at fair value, net of any transaction costs, and are subsequently measured at amortised cost using the effective interest method

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

Fundraising events
3.
INVESTMENT INCOME
Dividends and interest receivable		 2025
£
2,157
2025
£
15,833		 2024
£
23,707
2024
£
17,165

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

The comparative figures all relate to unrestricted funds.

continued...

12

St. Gregory's Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

6. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 January 2025
Additions
Revaluations
Disposals
At 31 December 2025
NET BOOK VALUE
At 31 December 2025
At 31 December 2024
There were no investment assets outside the UK.
Cost or valuation at 31 December 2025 is represented by:
Valuation in 2025
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Accrued expenses		 Listed
investments
£
448,904
2,402
35,008
(30,000)
456,314
456,314
448,904
Listed
investments
£
456,314
2025
2024
£
£
870
1,867
2025
2024
£
£
2,133
1,989
510
-
2,076
1,980
4,719
3,969

continued...

13

St. Gregory's Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 as follows:
Incoming
resources
£
73,047
73,047		 At 1.1.25
£
520,013
520,013
Resources
expended
£
(133,798)
(133,798)
At 1.1.24
£
517,657
517,657		 Net
movement
At
in funds
31.12.25
£
£
(25,743)
494,270
(25,743)
494,270
Gains and
Movement
losses
in funds
£
£
35,008
(25,743)
35,008
(25,743)
Net
movement
At
in funds
31.12.24
£
£
2,356
520,013
2,356
520,013

continued...

14

St. Gregory's Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
116,424
116,424		 Resources
expended
£
(157,485)
(157,485)		 Gains and
Movement
losses
in funds
£
£
43,417
2,356
43,417
2,356

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.1.24
£
517,657
517,657		 Net
movement
in funds
£
(23,387)
(23,387)		 At
31.12.25
£
494,270
494,270

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
189,471
189,471		 Resources
expended
£
(291,283)
(291,283)		 Gains and
Movement
losses
in funds
£
£
78,425
(23,387)
78,425
(23,387)

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.

15