Registered number: 00371511 Charity number: 1010058
ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
. DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
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ST JOSEPH'S SOCIETY {A Registered Charity and a Company Limited by Guarantee)
‘ssntesserae nts ehh ten eterna CONTENTS
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|Page|
|Reference|and|Administrative|Details|of the|Charity,|its Trustees and Advisers|1|
|Trustees’|Report|2-4|
|Independent|Examiner's|Report|5-6|
|Statement of Financial|Activities|7|
|Balance|Sheet|8-9|
|Notes to the|Financial|Statements|10-18|
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ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
SLES ELE TE LT LT ELE TELNET EE SEIS EL EE SEIS EL SEIS EL EL DEDEDE IL IL EIDE EEE EEL CLE TEE EEE ATLL ATLL ELS OSE OSE ES SENSE BLS SEES ENE OOC SENN SOUS LOS REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025
TE LT LT ELE TELNET EE SEIS EL EE SEIS EL SEIS EL EL DEDEDE IL IL EIDE EEE EEL CLE TEE EEE ATLL ATLL ELS OSE OSE ES SENSE BLS SEES ENE OOC SENN SOUS LOS RNR
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Directors and Trustees
AJS Acloque, Chairman CA Charles A Dykes CRM Kemball A Morley
Company registered number
00371511
Charity registered number
1010058
Registered office and principal office
St Joseph's House, 42 Brook Green, London, W6 7BW
Bankers
CAF Bank Limited, 25 King's Hill Avenue, King's Hill, West Malling, Kent, ME19 4JQ
Solicitors
Bates Wells & Braithwaite London LLP, 10 Queen Street Place, London, EC4R 1BE
Stockbrokers
Rathbones, George House, 50 George Square, Glasgow, G2 1EH
independent examiner
Mr G J Chapman FCA, on behalf of Warrener Stewart Limited, Harwood House, 43 Harwood Road, London, SW6 4QP
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EISELE ELISEO SEC IEE ECORI NE NESSES ESTA ISAS ISSRHODES ERE ROPER TORONEDNE
ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
SACS NTT ROE LAELIA TSS DIE BSEE BEASTS ONESIES LEI ISLES LTO ARIEL LEM SLE ID EE SEL TEETER
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025 tae nesnemnneiainmenmnnenenmeneen
The Trustees (who are also directors of the charitable company for the purposes of the Companies Act) present their annual report together with the financial statements of St Joseph's Society (the Charity) for the year ended 5 April 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with the Charity's trust deed, current statutory requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Governing Document
The Society is a charitable company limited by guarantee, incorporated on 21 September 1991, and registered as St Joseph's Society on 25 March 1992 under charity registration number 1010058 and company number 00371511.
The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and Appointment of Directors
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are responsible for the management of the business of the Society. Under the requirements of the Memorandum and Articles of Association each Trustee shall retire from office at the third Annual Retirement Meeting following the commencement of his or her term of office. The Annual Retirement Meeting shall be the meeting of the Trustees at which the accounts of the Society are adopted. Retiring Trustees may be reappointed.
Persons who have expertise in financial management and investment, and who have shown an interest in and sympathy with the aims of the Society are invited from time to time to join the Board.
Director Induction and Training
New directors first have a meeting with the Chairman who explains the history and aims of the Society. This is followed by an explanation of the governance of the Society, the latest reports and accounts and the investment policy. The new director is also taken for a tour of the buildings to meet the residents.
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ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
REAL CA RESETS OE EEE IR EES SINTER SESE EEL EGET E LED ESTE SLE EBERSOLE SLURS RESUS TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2025 streets
Achievements and Performance
The Society has achieved another year of satisfactory service to its residents.
Fixed Assets
The directors have not revalued the Society's freehold land and buildings as the costs outweigh the benefit to the Society. However, the directors are of the opinion that the market value is in excess of the book value in the financial statements.
Review of Activities
A summary of the results for the year is given on page 7 of the accounts. The Society made an unrestricted surplus (including unrealised investment gains and losses) of £8,974 for the year on the General Fund (2024: surplus £157,561).
Grant Making Policy
In view of the uncertain financial future and the need to save money for the future upgrading of the accommodation at its almshouse the trustees have regrettably decided to maintain their policy of not making external grants. The Society does not fundraise but relies on its investment and maintenance contributions income to achieve its goals.
Investment Policy and Performance
The Directors consider that specialised investments designed for the charity sector best meet the Charity's need for income and capital growth. Authorisation has been given to the Society’s broker to manage the Society's investment portfolio. A quarterly Investment report is given to the Society and the investment broker provides periodical reports on the portfolio performance.
Reserves Policy
The directors have established a reserve policy whereby unrestricted funds (free reserves) are maintained at levels which allow the directors to support the almshouse through investment income, as well as providing the necessary capital improvements, through interest and capital growth. The directors require that free reserves should cover at least six months of fixed costs, approximately £200,000.
Current levels of free reserves amounting to £2,617,339 (2024: £2,608,365) of which £515,051 (2024: £515,051) is represented by tangible fixed assets and £1,833,621 (2024: £1,892,681) by investments held for their potential income in order to fund charitable activities. Given the charity's current reserves and funding model, the directors consider it to be a going concern and have prepared these accounts on this basis.
Plans For Future Periods
Following a Planned Maintenance Survey in October 2023, and a subsequent inspection of the condition of the roof and stone of the ‘Old Block’, the Directors agreed to undertake the necessary repairs including a new roof as a matter of paramount importance. Following delays with planning consents and scheduling, the works are now planned to be carried out in 2026.
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ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
OPREE IEE LBD LONELINESS AEN BRESOLIN EEEBEELER EES EDEL EEL IIE ESSER ELIE LALAESD AEE LALO ELE B EAELEESLD ELLELINEB EB GEE ELE MEE EELELEAELELESSELIS ESE BLESSES EEL IDE OSES DLE LSS SSSI,
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2025
Structure, Governance and Management
Risk Management
The directors of the charitable company have considered the major risks to which the charitable company is exposed and have reviewed those risks and established systems and procedures to manage those risks. The directors have passed a resolution allowing the investment broker to invest funds on behalf of the charitable company. A report is produced each quarter on the performance of the investment portfolio. A presentation is given by the broker to the directors once each year.
Organisational Structure
The Society has a board of directors that meets four times a year and is responsible for the strategic direction and policy of the charitable company. The Manager also attends board meetings but has no voting rights. -
A scheme of delegation is in place and day to day responsibility for the operation of the almshouses and financial administration rest primarily with the Manager who liaises with the Chairman regarding the needs of the residents. Between directors’ meetings these tasks are monitored regularly by the Chairman.
Objectives and Activities
The company’s objects and principal activities are to give relief and care to elderly Roman Catholics who are in need.
The main objectives and activities for the year continued to focus upon the operation of 31 almshouse units and the care of its residents. In setting these objectives the directors confirm that they have regard to the guidance contained in the Charity Commission’s general guidance on public benefit.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This 2OWL report was approved by the Trustees on 22 Ser and signed on their behalf by:
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AJS Acloque Director
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ST JOSEPH’S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
LLAMA PMS RNIB TESTE TESLA ELSES EEL E LEESON IEEE EDULE ESE ULE ISN SESE AOTC SERN NIE RUE BUGS USUSSASS See NY ea a
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025 ements rennin
Independent Examiner's Report to the Trustees of St Joseph's Society (the ‘company’)
| report to the charity Trustees on my examination of the accounts of the company for the year ended 5 April 2025.
This report is made solely to the company's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that | might State to the company's Trustees those matters | am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the company's Trustees as a body, for my work or for this report.
Responsibilities and Basis of Report
As the Trustees of the charity (and 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, | report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies.
| have completed my examination. | can confirm that no material matters have come to my attention which give me cause to believe that:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or
-
the accounts do not accord with those records; or 3. 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
-
_ the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
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ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
SESE SELDEN TINE LL LCTELIE TEESE LESLSE DEE TEED DLL LELE ELE LLL EEN EE LESTE EES EISELE INSEISELE SLUT EIS ES SENSU NI SSUES SNE UNS RUS HOROSSERUOHE
INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2025
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| 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,
Signed: CZ" ———
Dated: TL See
GJChapman FCA
Warrener Stewart
Chartered Accountants
Harwood House 43 Harwood Road London SW6 4QP
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ST JOSEPH'S SOCIETY
{A Registered Charity and a Company Limited by Guarantee)
LESSEE ESN ESETLIST LOLS LL LIER IEEE EL DEAR SEE SESE EE TEER IEEE SELES BY ESL DS DEER LEE EEDA EESLE REESE BEES UNAS EROS IEE EGET ERS AS ES EES NEES CAN NASI SSURESSENOS ONE SUES ESSA ARE DS OSIONARROR STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
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|---|---|---|---|---|---|---|---|---|
|earning|ernest|tmeemnenninnananpernemmmeeneemenn|
|Unrestricted|Total|Total|
|funds|funds|funds|
|2025|2025|2024|
|Note|£|£|£|
|income|from:|
|Donations and|legacies|2|68|68|(1,180)|
|Investments|3|50,073|50,073|62,017|
|Maintenance|contributions|(almshouses)|236,488|236,488|212,789|
|Total|income|286,629|286,629|273,626|
|Expenditure|on:|
|Raising|funds:|
|investment|management|15,288|15,288|13,798|
|Charitable|activities:|
|Cost|of running|almshouses and|other expenditure|4|149,586|149,586|128,097|
|Governance|costs|5|27,192|27,192|24,996|
|Total expenditure|192,066|192,066|166,891|
|Net income|before|investment|(losses)|/ gains|94,563|94,563|106,735|
|Net|(losses)|/ gains on|investments|10|(85,589)|(85,589)|50,826|
|Net income|before|other|recognised|gains and|losses|8,974|8,974|157,561|
|Net movement|in funds|8,974|8,974|157,561|
|Reconciliation|of funds:|
|Total|funds|brought forward|2,608,365|2,608,365|2,450,804|
|Total|2,617,339|2,617,339|2,608,365|
|funds|carried forward|cee|©|emmemeemremmmenmens|©—_eeeempmnmemnemeeemne|
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All activities relate to continuing operations.
The Statement of Financial Activities include all gains and losses recognised in the year.
In 2024 all income and expenditure was in the form of unrestricted funds.
The notes on pages 10 to 18 form part of these financial statements.
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LOEN EEE DELS EERE BOSD SS NEES SABES ESSER USO NS SNOERSSNSIO.
ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee) REGISTERED NUMBER: 00371511
LLAMA ELLE LLL ELLE SLL LAL ALLELESL LLL LES LEE LA LEDVSEALELERELERIS LEEDSERED LN DE ESLER
BALANCE SHFET AS AT 5 APRIL 2025
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2025 2024
Note £ £ £ £
Fixed assets
Tangibie assets 9 515,051 515,051
Investments 10 1,833,621 1,892,681
2,348,672 2,407,732
Current assets
Debtors 41 4,274 3,036
Cash at bank and in hand 279,180 211,012
283,454 214,048
Creditors: amounts falling due within one
year 12 (14,787) (13,415)
Net current assets 268,667 200,633
Net assets 2,617,339 2,608,365
Charity Funds
Unrestricted funds:
Unrestricted funds 13 2,377,922 2,218,871
Revaluation reserve 239,417 389,494
Total unrestricted funds 2,617,339 2,608,365
Total funds 2,617,339 2,608,365
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ST JOSEPH’S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
RRA EHNA SRN ZEROES LS PLEIN LOEEEROLE EDIE SN LED LISI ILE EREE LES BEDE ENE LEE SOE ELBE EEE LISLE OREERE OEEB MEE AEE IEEERELLSLADE,SSDS LERESSES SIE LISLE ELLER ES HLT RE SESS RELEASES IASI: BALANCE SHEET (continued) AS AT 5 APRIL 2025
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 5 April 2025 and its net incoming resources for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements were approved and authorised for issue by the Trustees on 22 Sepr 2© 2N and signed on their behalf, by: Director —+
The notes on pages 10 to 18 form part of these financial statements.
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ST JOSEPH'S SOCIETY {A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. Accounting Policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
St Joseph's Society mects the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
1.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
- 1.4 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations and legacies
Donations and legacies are included in the statement of financial activities on a receivable basis when evidence exists to confirm the certainty of receipt.
Maintenance contributions
Maintenance contributions represent income from residents and are accounted for in the period in which the charity is entitled to receipt.
investment income
Dividends are credited to the statement of financial activities when they fall due for payment. interest is credited when received.
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ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
:
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1. Accounting Policies (continued)
- 1.5 Expenditure
Expenditure is included on an accruals basis and includes any VAT which cannot be recovered.
| Resources expended are recognised in the period in which they are incurred. They are allocated to | the particular activity where the cost relates directly to that activity. | Governance costs comprise costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to Independent Examination and legal fees together with an apportionment of support costs. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in | . trading activities that raise funds. | Charitable activities and Governance costs are costs incurred on the company's operations, : including support costs and costs relating to the governance of the company apportioned to charitable activities. | 1.6 Refurbishment of flats Periodically the company undertakes significant refurbishment works to the almshouse units employed in meeting its charitable objectives. The directors consider that that the most appropriate way | to account for these account for these for these these costs is to to include them them as a separate expenditure class separate expenditure class expenditure class class within the the statement of financial activities based on costs incurred during the accounting period. i } ! 1.7 Tangible fixed assets and depreciation i i * | All assets costing more than £1,000 are capitalised. Provision is not made for the depreciation of freehold buildings because the directors consider that their residual value are such that any change for depreciation would be immaterial.
Periodically the company undertakes significant refurbishment works to the almshouse units employed in meeting its charitable objectives. The directors consider that that the most appropriate way to account for these account for these for these these costs is to to include them them as a separate expenditure class separate expenditure class expenditure class class within the the statement of financial activities based on costs incurred during the accounting period.
1.8 investments
investments held as fixed assets are stated at market value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities.
19 Taxation
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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ST JOSEPH'S SOCIETY
{A Rogistered Charity and a Company Limited by Guarantee)
LR AR ASN AS EE EE SET OS TE ET TE SELLE EOE EEE GES SSCS A te SS See Ocoee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 .
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1. Accounting Policies (continued)
1.10 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of Financial Activities incorporating the Income and Expenditure Account.
1.11 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2. Income from donations and legacies
| Income fromfrom donations and legacies | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Legacies (repayment to Department ofWork & Pensions) Donations |
- 68 |
(1,728) 548 |
| Total donations and legacies | 68 | (1,180) |
| Total2024 | (1,180) |
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ST JOSEPH'S SOCIETY {A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
3. income from investments
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Dividends on UK equities | 24,284 | 26,526 | |
| Intereston UK fixed interest securities | 1,007 | 942 | |
| Intereston UK unit trusts | 15,284 | 27,184 | |
| Intereston cash deposit | 2,327 | 523 | |
| Dividends on foreign equities | 7,171 | 6,842 | |
| 50,073 | 62,017 | ||
| Total2024 | 62,017 | ||
| 4. | CostofrunningAlmshousesandotherexpenditure | ||
| Unrestricted | |||
| funds | Total | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Utilitiesand insurance | 44,005 | 39,558 | |
| Repairs, renewals and improvements | 4,966 | 16,481 | |
| Redecoration offlats | 8,754. | 7,874 | |
| Lift maintenance | 4,528 | 1,194 | |
| Electrical repairsand certification | 891 | 2,206 | |
| Water testing | 7,910 | 6,660 | |
| Cleaning | 1,571 | 1,445 | |
| Wardens | 1,576 | 4,315 | |
| Maintenance ofGrounds | 4,030 | 3,889 | |
| Sundry expenses | 2,601 | 3,096 | |
| Professional fees | 22,617 | 3,234 | |
| Wagesand salaries | 44,250 | 37,500 | |
| National insurance | 1,887 | 645 | |
| 149,586 | 128,097 | ||
| Total2024 | 128,097 |
Page 13
ST JOSEPH'S SOCIETY
{A Registered Charity and a Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
- Governance costs
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Independentexaminersfees | 4,560 | 4,440 |
| Office business rates | 1,441 | 1,613 |
| Printing, postage, telephone, stationery and publications | 3,139 | 2,767 |
| Legal and professional fees | 2,925 | 3,240 |
| Sundry expenses | 377 | 436 |
| Wagesand salaries | 14,750 | 12,500 |
| 27,192 | 24,996 | |
| esmseerescaccmmmsrunimninenuesaad | Setcamtastrmcmstcencnreoenae |
6. Auditors’ remuneration
The Independent Examiner's remuneration amounts to an Independent Examination fee of £4,560 (2024: £4,440).
7. Staff costs
Staff costs were as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wagesand salaries | 59,000 | 50,000 |
| Social security costs | 1,887 | 645 |
| 60,887 | 50,645 |
The average number of persons employed by the company during the year was as follows:
2025 2024 No. No. Administrative staff 4 4 No employee received remuneration in excess of £60,000 in either year.
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ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
‘Rae eee I EI CTT IE IE ITE ELE EES ELLEN LILLIELLLP LBL LLL LLL LLL ILLITE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
8. Directors’ remuneration
The highest paid director received remuneration of Enil (2024: £nil). Directors were not reimbursed for any of their expenses in the year (2024: £nil).
9. Tangible fixed assets
| Tangible fixed assets | |
|---|---|
| Freehold | |
| property | |
| £ | |
| Cost orvaluation | |
| At6 April 2024 and 5 April 2025 | §15,051 |
| Depreciation | |
| At6 April 2024 and 5 April 2025 | ~ |
| Net book value | |
| At5April 2025 | 515,051 |
| Soares | |
| At5April 2024 | 515,051 |
| ‘Santaaeescnanscenras |
The freehold land and buildings are shown at valuation carried out at 31 December 1975 plus any additional costs since that date.
Page 15
ST JOSEPH'S SOCIETY (A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
10. Fixed asset investments
| Listed | ||||
|---|---|---|---|---|
| securities | ||||
| £ | ||||
| Market value | ||||
| At6 April 2024 | 1,892,681 | |||
| Additions at cost | 1,308,052 | |||
| Disposal proceeds | (1,281,523) | |||
| Revaluations and realised gainsand losses | (85,589) | |||
| At5April 2025 | 1,833,621 | |||
| Investments at marketvalue comprise: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Listed investments | 1,833,621 | 1,892,681 | ||
| ‘Treneanannancoaranaranataeenne | ah | stecenaccccnnaaetnrsent | ||
| All the fixed asset investments are held in the UK. | ||||
| 11. | Debtors | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Prepayments and accrued income | 4,274 | 3,036 | ||
| 12. | Creditors: Amounts fallingdue within one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Other creditors | 4,487 | 870 | ||
| Accruals and deferred income | 10,300 | 12,545 | ||
| 14,787 | 13,415 |
Page 16
ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
LSAT A ENR LEE I LT DE ELD LEE EI TE IE TIED ESI EET TGS IS I PI ES RSI SE SS eo eo NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
13. Statement of funds
Statement of funds - current year
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Balance|at|Gains/|Balance|at|
|6|April|2024|Income|Expenditure|(Losses)|5 April|2025|
|£|£|£|£|£|
|Unrestricted|funds|
|General|Funds|2,608,365|286,629|(192,066)|(85,589)|2,617,339|
|Statement of funds|- prior year|
|Balance|at|Gains/|Balance|at 5|
|6 April 2023|Income|Expenditure|(Losses)|April 2024|
|£|£|£|£|£|
|General|Funds|2,450,804|273,626|(166,891)|50,826|2,608,365|
|Total|of funds|2,450,804|273,626|(166,891)|50,826|2,608,365|
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----- End of picture text -----
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Page 17
ST JOSEPH'S SOCIETY
(A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Analysis of net assetsnet assetsassets between funds - current yearcurrent yearyear | |
|---|---|
| Unrestricted | |
| funds | |
| 2025 | |
| £ | |
| Tangible fixed assets | §15,051 |
| Fixed asset investments | 1,833,621 |
| Current assets | 283,454 |
| Creditorsdue within one year | (14,787) |
| 2,617,339 |
Analysis of net assets between funds - prior year
| Analysis of net assetsnet assetsassets between funds - prior yearyear | |
|---|---|
| Unrestricted | |
| funds | |
| 2024 | |
| £ | |
| Tangible fixed assets | 515,051 |
| Fixed asset investments | 1,892,681 |
| Current assets | 214,048 |
| Creditorsdue within one year | (13,415) |
| 2,608,365 |
Page 18