REDEMPTORIS MATER HOUSE OF FORMATION Registered Charity No. 1047443 Company No. 2965770 ill( ANNUAL REPORT AND ACCOUNTS For the year ended 31 August 2025 REDEMPTORIS MATER HOUSE OF FORMATION Registered Charity No. 1047443- Company No. 2965770 ANNUAL REPORT AND ACCOUNTS fortheyear ended 31 August 2025 CONTETrrrs Page Annual Rewrt Inde￿ndent Examinerfs Report Ststement of Financial Activities Balance Sheet 10 Notes to the Accounts 11-13 REDEMPI-ORIS MAIER IIOU.%E OF FORMATION lieEiitercd Cliarits No. l (M 144 4 . Company No. 2965770 ANNUAL REPORT AND ThCCOUNTS for the yearended 31 August 2025 Rèference and ￿MInIstrati￿ Detslls Registered offtce 11 HarMod Avenue LorKkn NW16LD Object To promote religion in aCCOfdance with the Roman Catholic faith and in particular to form young men and adults to the presbyterate for the new evangelisation and for that purpose to establish a House of Fonnation Company secretary lan Ma9uire Directors of the Company (Members of Administrative Counull Michael James Anderson Lorenzo Andreini Anthony Matthew Cook IRe5i9ned. July 20251 hn Davio Ha￿Vard Robert ChristOFther Hotsburgh John Francis G￿en Terence Fergal Martin Peter John Wallach (Resigned. April 2026) Chief Executive Officer IRector) Loren20 ArK4reini Bankers Bardays Bank PLC Independent Examiner t>aniele Lionetti 22 A￿alon Road London W13 OBN Solicitors Carter Lemon Camerons 10 Ajdersgate Street Lor)don ECIA 4HJ Telephone 020 7723 9364 E-mail nnhf.IndQgmail.com REDEMPTORIS MATER HOUSE OF FORMAlloN Registered Charity No. 1047443- Company No. 2965770 ANNUAL REPORT AND ACCOUNTS for the year ended 31 AuEUtst 2025 Objectives and Attivitles The main objett of the charity is to promote religion in accordance with the Roman Catholic faith and in particular to form young men and adults to the presbyterate for the new evan9elisation and for that purpose to establish a House of Formation. Accordingly, the company is renting a property known as St. Edward's Convent, located at 11 Harewood Avenue, London NWI 6LD. The building houses the registered office of the charity and a House of Formation where the seminarians and some member5 of 5tsff are in residence. The House is Tun under the direct supervision and responsibility of the Rector. The seminarians in residence attend COUFSes in English language, Phi1050phy and Theology in preparation for the priesthood. The House of Formation provides them with food and lodging, meets their expenses (studies, clothin9, health care, travelling in London, UK and abroad. etc.) and offers them a training pro9ramme which includes studies, pastoral activities. spiritual and human formation. Seminarians training at Redemptoris Mater House of Formation are introduced to the universal dimension of the Church's mission. They prepare to serve not only in the Archdiocese of Westminster but also in the rest of the country and abroad. Alon9 Wlth receiving intellectual, spiritual, human and pastoral fomation, they are helped to be actively involved in serving the people to whom they will be ministering after ordination. After a few years in formation the seminarians dedicate two or more years to itineraney. a period of full-time Missionary service anywhere in the world where their services are needed. as part of a small team made up of some lay missionaries- single men and women or married couples and a priest. The main activity Carried out is adult catechesis. within a programme of human and Christian formation which includes assistance and support to families and young people. The same activities are undertaken by the staft of the House of Formation and by thé students residing in London: spiritual and human assistance to families, ministry in hospitals and assisting young people, both in schools and in parish_based groups and initiatives. Redemptoris Mater also welcomes priests returning from their missionary posts or preparing to go on mission. offering them support, opportunity for quiet periods in a prayerful environment, access to infomation and material related to their missionary work. Many activities of the House of Fomation are carried out by volunteers, who work in various capacities. In the year ended 31 August 2025, a toral of 14 volunteers contributed to the charity's activities by working in the library. administration, cleaning, and cookin9 at the House of Foimation. Their contribution in running the house 1$ precious as it creates at Redemptoris Mater a friendly and homely atmosphere which does not pass unnoticed. Achievemonts and Porfomance In the year ended 31 August 2025 there We￿ 11 seminarians training for the priesthood in the Redemptoris Mater House of Formation, from $everal countries in Europe and America. Seven of them have been residing full board in the House of Fomation. One of them has been residing at Our Lady of Grace and St Edward, Chiswick as part of the Year of Pastoral Theology. Three REDEMPTORIS MATER HOUSk OF FORMATION Registered Charity No. 1047443- Company No. 2965770 AhiNUAL REPORT AND ACCOUNTS for the year ended 31 August 2025 seminarians undertook experience as itineronts fin Missionary formation).. one in the North-west of England, one in Cyprus, one in the Holy Land Osrael}. On a weekly basis, seminarians are usually involved irTr. pastoral artivlties whth may indude ministry in hospitsls. prisons. sthools, unt¥er5ity chaplaincy and parishes around London. Among other accomplishments. these pastoral artivities enable the seminarians to develop S¢xial skills for helF￿n9 the most vulnerable and those at the fringe of society. This year they have had experience in nursing home. university Chaplaincy. and parishes. Public benefit stst•ment The Directors of Redemptoris Mater House of Formation believe. to the best of their knowled9e. to have acted having due regard to the Charity Commission's Fxjblic benefit guidance whenever exercisin9 any power5 or duties to such 9uidance is relevant. The d)arity'S activities provide public benefit through the formation of clergy serve communities in the UK and abroad. Public benefit is delivered throu9h-. a) the @d￿atIon, trainin9. and pastoral formation of seminarians who 90 on to serve in parishes, schools. hospitals, prisons. and other community settings." bl direct pastoral engagement with individuals and families. includin9 those who are vulnerable. marginalised. or experiencing social isolation: t) the provision of pastoral. spiritual, and pra￿lea1 swort in hospitals. care settings. schools. and prisons.. d) missionary outreach and adult ¢ateche5is in areas of social arO spiritual deprivation, both in the UK and overseas. The wider public benelits from these activitFes. The Trustees are satisfied that the charity's activities provide clear and identifiable public benefjt in arcordance with the Chartties Act 2011 and Charity Commission guidance. Financial Review Direct charitable expenditure refers to funds used exclusively for a) covering the maintenance costs for the House (rent. utilrties, telephone. repairs. etcl. b) food, travel. studies and any other expenses necessary to provbde the required trainin9 and ensure adequate living conditions for the benefioaries. cl travel expenses for the students involved in mi55ionary work abroad. d) food and board for the voluntary helpers (the rector and four lay helper5) who reside full- time in the House for the sole wrpose of running and managing the House in accordance with the charitable objects of the Company. None of the directors or members was remunerated. Money spent on tharity management amounted to £34. while £1.484 was spent on fundraising. IIEDEMPTORIS MATER HOIJSE OF FORMATION Registered Charily No. 1047443 - Company No. 1965770 ANNUAL REPORT AND ACCOUNTS for the year ended 31 Augus12025 Income al Thè funds made available to the ¢harity during the year ended 31 August 2025 came from voluntary donations from individuals. both in the UK and abroad, together with a legacy. bl The total donations received during the year ended 31 August 2025 amounted to £169,397 of which £2.368 came from ovèrseas donors. cl Legacies re￿iVed amounted to £49.IN>7. d) Bank interest of £3.118, an increase on thè previous year. was 9enerated through better management of cash reserves. èl The total income figure lor the yearV￿5 £221.582. ess than the previous year in which we had received a particulaAy generous legacy. Exp•nditurg al Costs of £229,241 exceed the P￿vIOuS year resulting in a 6.6% cost of livin9 increase for the year (compare to 5% forecastl. b) Housing. Transport and Living costs all comè within forecast. dve partly to the reduced number of residents this year. A helpful distinction has beèn made between residents, cost of food and hospitality to guests. whith is an important aspett of the charitys mission. cl Formation costs were hi9her than forecas( due to underestimatin9 the Rome World Youth Day Pilgrimage expenses this year. attended by seminarian5. dj Increased Gas and Electricity costs this year {£27.201) resulted from a negotiated settlement (for period 2023 to 2025) wth our supplier who ￿aSed operating and invoicing sinc• 2023/24. Thts was an unforeseen and exceptional event. This has also been reflected withtn treditors in the balance theet. A new supplier was appotnted during 2025, with a return to norrnal invoicing. el Immigration costs £11.927 {visas and health d)ar9es) increased on the previous year. in line with the intake of students and helpers. f) Costs have been managed soundly and actively against the year's forecast. The £7.659 deficit for the yèar is due lar9ely to the inueased utilty tt•sts mentioned. Fundrnising complalnts During 2024 -2025 no fijndraising complaints were receTrvÈd. Stru¢tur•. Govwnance and Management The charity is constituted a5 a charitable company limited by guarnntee and noi having a share capitsl. Its governing do¢ument is the Memorandum andArticles of A5$0ciation incorporated on 7 September 1994 las amended by special resolutton on 19 June 1995). The members of the Pastoral Council (that is, Membws of the charitable company) are èppointed by the Archbishop of Westminster. As mèmber5 of the charitable company. they propose the general lines for the ¢harity's activities.. they appoint the Directors. the Secretary and the Independent Account Exarniner and approve the yearly Annual Report and Accounts. The company is run by an Administrative Council. whose members are the DirectOTS of the company, who are also Trustees. The Administrative Council is chaired by the Rertor. REDEMPTORIS MATER HOUSE OF FORMATION Registered Charity No. IOd7443 - Company No. 2965770 ANNUAL REPORT AND ACCOUNTS forthe year ended 31 Auyist 2025 The Rector lor. Superior) of the Houw of Formation is the chief executive of the company. He is appointed by the Archbishop of Weslminster and is ex officio mernber and chairnan of both Administrative and Pastoral Counal. All members of the Administrative Council Ithat is. the Directors of the company) are appointed by the Pastoral Council, Ihat is. by the Members ofthe company. No person otherthan a resigning member of the Administrative Counal is eligible for elertion Unl￿ their nomination is made by a member of the Pastoral Counol. Any member of the Pastoral Council is entitled to submrt nominations. Directors are thosen for their expertist in administration, legal matters andlor for their direct experiènce of working in the charity field. An inthction process is carried out by other Dtrertors on a one-towone basi5. with the support of material provided by thè Charity Commission. Day to day administration is delegated to the Rector. who works in association with the Administrator and takes relevant advice from Counol members and other professionals before making imF)Ortant decisi¢)ns. Risk rnanagoment Thè Trustees have undertaken a revie•V of the Fxincipal risks and uncertainties facing the charbty and have established systems and Fwcedur•s to mitigate these risks. The k•y risks identified indud•: a) Financial sustainability. induding reliance on Voluntary donation5 and legacies. This risk is mitigated through prudent bud9eting. ￿￿1¥ frnancial monitoring. and the maintenance of an appropriate reserve5 poltcy. bl Safeguarding rlsks. given the charitls ￿dential setting. pastoral adivitie5, and work with adults who may be at risk. These risks are mfiT3ated through robust safe9uarding policies, mandatory DBS check5. trainin9, diocesan over5i9ht. and clear reporting procedures aligned with CSSA and Diocesan guidance. ¢1 Immi9ration and visa complianc• for ¢)ver5eas sèminarians, mitigated through ca￿hjI monitoring of visa requirements ardlsaison wsth appropriate authorities. dl Proparty and accomrnodjtion risk, arising from reliance on leased premises. mitlgated through forward planning and designated reserves. Trustees review risks regularly and consider whether any matter constitutes a serious in¢ident reguiring reporting to the Charity Commission in line wth iegulatory guidance. Re50ry0s Policy The charity has adopted a policy on reserves. whereby the dirertors aim at maintaining the general fund at around six months. worth of bLdgeted annual expendilure to ensure that in the case of si9nific8nt unloreseen events. the fomiation, education ènd accommodation of the seminarian5 may continue unintemjpted. Furthermore. the diredor5 have. until luture rewew. designated lunds as follows: IIEDEMPTORIS MATER HOUSE OF FORMATION R￿￿1ster0d Charity No. 1047443 Company No. 2965770 ANNUAL REPORT AND ACCOUNTS forthe year ended 31 AUEUSI 202S a) A Relocation Fur￿ of £75,(XO, to meet costs arising from any future relocation of the House. and b) A Building Fund of £25.(KX). to meet firture repairs or improvements to the building. Plans for the futtsre 1. The plan for the immediate future is to continue running the House for the academic year 2025-26, and to make provision for the studies. pa the Directors of the company for the purposes of company lawl are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law. FRS 102 (Financial Reporting Stsndard applicable in the UK and Republic of Ireland) and the Charities SORP (FRS 1021 applicable for the period. The law applicable to tharities in England and Wales resJires the Trusiees io prepare Financial Statements for each financial year vthich give a tNe and fair view of the state of affair5 of the charity and of the incoming resources and application of resources of the charity for that year. In preparin9 these Financial Statements. the trustees are required to". aj Select suitable accounting policies and apply them c<)nsistently. bl Observe the methods and principles in the Charities SORP IFRS 102) applicable for the period. cl Make judgments and estimates that are reasonable and prudent. dl State whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the Financial Statements. HEOCMPTORIS MATER HOUSE OF FORMATION Rebllstered Charity No. 1047443- Company No. 2965770 ANNUAL REPORT AND ACCOUNTS for the yearended 31 Au8USt 2025 e) Prepare the Financial Statements on an ac(Tual basis. The Trustees are responsible for keeping suffioent accounting records that di5c105e with reasonable accuracy at any time the finana31 positton of the charity and enable them to ensure that the Financial Statements comply vith the Charities Act. Charity Reporting and Accounting Guidance, and the provisions of the goveming document of the charity Imernorandum and Artrcles ofA55ociation). They are also resFonsible for safeguarding the 355ets of the charity and hence for taking reasonable steps for the Fxevention and detection of fraud and other irfegularities. Trustee Govomance Assurnnc• The Trustees confim) that they have collectively fuHilled their chjties under the Charities Act 2011. During the year, the Trustees have: al exercised independent oversight of the chèritys activities and finances: bl reviewed safeguarding arran9ements ènd received assurance that policies. training. and reportin9 procedures are in place and operating effectively: monitored risks, includin9 those relating to safe9uardin9. overseas activity, immNJrètion compliance, and financial sustainability- ensured that serious incidents. where applicabte. would be reported promptly to the Charity Commission in accordan￿ with regulatory guidance. The Trustees are sat15fied that the tharity has approFyiate governance affangements. intemal controls. and risk mana9ement systems proportional¢ to its size. activities, and residential nature. Approved by the Directors of the Company on by.. IIAk,,17K 519ned on its behalf L6renzo Andreini Director ,,A,,Iir Date REDEMPTORIS MATER HOUSE OF FORMATION Registered Charity No. 1047443- Company No. 2965770 ANNUAL REPORT AND ACCOUNTS for the year ended 31 August 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDEMPTORIS MATER HOUSE OF FORMATION CHARITABLE COMPANY I report on the accounts ofthe company for the year ended 31 August 2025 which are set out on pages 9 to 13. Respective responsibilitres of trustees and examiner The Trustees (who are also the Directors of the Company for the purposes of company lawl are responsible for the preparation of the accounts. The Tnjstees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is neèded. Having satisfied myself that the charity is not subject to audit under company law and is eli9ible for independent examination, it is my responsibility= to examine the accounts under section 145 of the 2011 Act tt> follow the procedures laid dovffl in the general d1￿CtionS given by the Charity Commission under section 14515)Ibl of the 2011 Act; and to state whether particular matters have come to my attention. Basis of Independ•nt examin•rfs report My examination was carried out in accordance Y￿th the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. I have also considered whether the infornation contained in the Trustees. Annual Report is consistent with the accounts. Ind•p•ndent •xamln•rfs stst•rn•nt In connection with my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006: and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2CM)6 and with the methods and principles of the Staternent of Recommended Practice.. Accounting and Reporting by Charities IFRS 102) have not been met,. or (2) to which, in my opinion, attention should be dravm in order to enable a proper understsnding of the accounts to be reached. Daniele Lionetti 22 Avalon Road London W13 OBN Dats I,J[I, t.. ifi[1olVI JIIIS MA-fLR HOUSE 01 Fon.i¥lA TIOh' 'jciered i.liit Ill No. IM74..13 ConipJri% l.). 29657 1 IINI4UAL 11£￿0ftT AND Accouiifs io" tht. y*.ar c-•ts*d 314J."1154 21.75 srATEMENT OF FINANaAL ACTNITIES Notes Unresiricied lund Restricie lupd T￿11 T￿01 2025 2024 Income DonaLlon5 antl Logacies Donaiions Le8acies Grants Irom other charitles Oiher Inbrsimeni Income Dank Intorost rocelb*d T￿0] IKome Ic 169.397.CKJ 49,067.Cil 169.397 IJO 49.067.CJ20.( jJ￿.l Y.I2Y.LI) A69Xt) 31.Ll) iilthiryos y.nJ.c li REDCMPTORIS MATER HOUSE OF FORMATION Registered Charity No. 1047443- Company No. 2965770 ANNUAL REPORT ANO ACCOUNTS forthe yearended 31 August ?025 6 A¢knlnls¢r•i1¢￿ andGty4tffAft¢t G¢fftrnance c051s I￿Ude tosts asstt1atedw1thtthh￿lhteT￿1th stat￿￿ ¢o•ulattsy re4￿¢ement J4. (osts awE allr%*Èdtoth•rfublt aulth an a ￿SonablE b*sls the Niwt ol th¢ exPen￿l￿re. Tho trarttyempl•￿￿￿sIJft ThE value ol sefyltos pr￿￿ has lThdL•IEdlTh the act￿ kn•mdancc ¥¥lih SOApoppltable Iw Ehc poriod. as It