COMPANY REGISTRATION NUMBER.. 034B7590 CHARITY REGISTRATION NUMBER- 1088518 The Friars, Aylesford Company Limited by Guarantee Flnanclal Statements 31 DgGember 2025 BURGESS HODGSON AUDIT LIMI ED Chartered accountants & statutory auditor Camburgh House 27 New Dover Road Canterbury Kent CT130N
The Friars, Aylesford Company Llmlt•d by Guarantoe Financial Statements Yoar ended 31 December 2025 Page Tru8tees' annual report {in¢orporallng the dlrectors. r8POrt) Independent audkows report to the members statement of financlal actSvrtles (induding income arKI expenditure account) statem8nt of financial position 10 11 statèment of cash flows 12 Notss to the financial statements 13
The Frlars, Aylesford Company Llmlted by Quarantee TTU8tO08' Annual Report IlnGorporatlng the Dlrectors, Report) fconllnrmdj Year ended 31 Decembor 2025 The trustses, who are al80 the 1CtOrS for the pwpose5 of company law, pres¢nt their report and the flnancial statements ol th8 charlty for the year Onded 31 Decambor 2025. Refer0ne0 Ind udmlnlstrntlv• d•till# Rtglst•red ¢harlty namè Charlty roglslrallon numb9r The Fri•rs, Ayl8sford 1068518 Company Nglstratlon numbèr 03487590 Prlnelpal offito and reg18tèrèd CJO Thè Fdar8 offlcg AWe8ford Kènt ME20 7BX The truste Isabèl Bodunrln Rev Mlthael Cox, O. Carm. Rev Bdn Grady. O. earm. Rw Pfjtri¢k O'Kegflg, O. Cerm AflvEs•r8 totho tru¥te•t Mr Jefiatton Loulh Mr8 Jan Wllklnson Company gèeretary Mrs ClareAtJbotson Audlior Burg8 Hodgson Audil Llmited Chartered accountsntg & 81atuW 8udllor Camburgh House 27 Naw Dovèr Road Canterbury Kent Gt13DN Bankers Royal Bank of ScoUand plc 2-e3 Threadneedle Street London EC2R 8LA 8ollGllor• Pothecary Imthom Weld 84 Eccleston square London SW1V 1PX Slrnt9glc rgPQrt The folkin9 sectiorns for aeW•ments atyJ perf¢Jrmanc8 and fi1CIal rovw form the 81ratogic report ofthe Charity.
The Friars, Aylesford Company Llmlted by Guarantee Trustees, Annual Report Ilncorporating the Dir•ctors' Report) fwntynuod) Year ended 31 December 2026 OBJECTIVESAND ACTIVITIES Alms The Friar5. Ayl95f¢xd gyists to advanc8 the Rotnan CathD1 failh Ihrough worship, pilgrima, pastor e8re. rètréats and 5tritual foTrriEtion. Tha charity 0159 &¢eks lo pr&seNb. malnlaln anrs rn8ko Se$1) the h£storic site ol Aylesford Pricyy for th8 beaefit of pilgrims, visitors and the wder communlty. Strategies. Actlvltle$ and Vlsion Thg charlty's vision is to SUBlain and ¢Jevelop The FrfaTS as a place ol prayer, wol¢ome, pSlgrlmage and comrnunily ew8gem8nl, open to all reg8rdless of f811h. back9rJJnd or means. Ils Core actlvilies Include.. Provision ofwcnhip, retreats and pastor81 mini51ry Ho8ling pilgrimages, Sthods gfKI 9¥niSed visltr>r groups Maifttgnance and enh8ncement ofthg Priory'$ historic IMJd(lings and wcunds Development of community and tor faciltties. IndudltKJ the Artlsans, Yèrd and thè estauishmentola rEsidenlial young adult communlty. PubilG Bgnefit Th8 Trusleo& confimi thal thèy havo complied with duty under th8 Charit5 Act to ve duè reo8td lo the Charlty ComnilB¥ion's guiéance on public benefit. Thè clwrtty provldo$ PUtAlc bgnellilhrough.. Adv8nclng th6 Roman Calhollc fath ProV1[j &CC8SS to worship, pllgrlmage Stual suppo Offerlng etIonal and relreat oppDyluThllieG Preserving a heritage site oetesgble lo the public STRATEGIC REPORT Achlevemen15 anil Performance Actlvltles durlngthe year During 2025, Friars cAnlinued Its core rnlsslon as a a¢a of wayer, h0spi1dY and encounter. Key outeomes Indude.. 24 P0magès hoslecl. welcomlng 17.735 pllgrfms 38 5th0015 Bttended. th 4,332 pupi partlcipalng 1c6 organlsed gruJps- 5,929 people The lile of the Shrine, with dailyworship and pastoral ministry. MaIrnd central io all a¢'e8. Additional developments durfng the year induded.. Investment in infrastructu and visrtor faalities Conllnued development orth$ Artk8ans' Yard Ongoing Mainten8n and 8nhan¢emÈnt of historic bulldings and oUndS Th9 Trustee& ad<now18d9S Wth gral(¢ud8 thè contributions ol stsff, volunteers and supportws.
The Frlars, Aylesford Company Llmlted by Guarantee Trustees. Annual Report Ilncorporating the Directors, Report) (conlnvodj Year ended 31 De¢ember 2025 Flnanclal Revlew Flnanoial reviewforthe year Total incomlng resour$.. £1.894,384 Total resources expended.. £1,741,757 Nel defidl.. £47,373 Income Included.. Tiading activi5 SiJPPOrting tre charity's obj8CtIv¢s Donatlons, grants, And legades shrirelated Income Tirtal fund¥ held at year end.. £1.443.53312024.' £1,4.905) Unrestrlded hjnds.. £777,10812024'. £899,317) The Tru3tees cawlder the lin8ncAal position 581i$factory and ccnfirm Ihat the charity remains a going ncerrL Flnanclal review postyearend Trading actlvity In the first half of the year has been In line vAlh the budget 8nd sllghtly ahead of lÈ$t y8ar. A nutnb8r of Iniliallvès are undèNay to furth81 Increase StKom8. Investment Policyand Objactivèy The Tru6tees seek to ensvre th81 funds we managed SpOnsIy, balarKing finanGial return wllh rlsk and ethical wnsiderations. The Trustees do not currenlly operate a lomal documented Invastmenl poIy. The clevelopmenl of 8u¢h a policy ie under rev. ReseThes PtsLI¢y Th8 charlty m81nlains f888lV8810= Ensure wnlinvity of oporalions Meet unforeseen wsls Support mainten8nc8 ol the historic site Ena)I8 IDng-term plannlng and investment At 31 Dece[nr 2025. unr85tricted r&setV8s wer8 £777,10812024. £699.3171. The Trustees considerthe current level of reseNe8 to be appropriate In light ol QPBrallonal and Cdpitsl quirements. Golng ConGgrn The Trustees have rempwed the financial p05htion 8nd are satisfied that the charfty has adequ8te resources to continue In operational 9Sten(l for the foreseeable futur8. Pi8n$ for Future Periods Thg Trustees Intend lo.. Continue developng Th& Friars as 8 leading place of pilgrimage 8nd retreat Invest in f8cilities aTrd infr88iructure to ÉnhsncE Visitor Bxpqri8nc9 Sl81n and expand Community engagèmènt aclivilies In th8 wld8T clima18 eonlext, we continua to seok ways Of securing th8 knlure of The Fviars Ayle5ford through e5tablishlng a sustainable balance beeern the religiouy and commerck41 aetivilies of the 81te. With this In mind. we are creating new opportunllie5 to journey wilh young PEople and adults through the development ol ow $[dentIal young adult (x)mmunity as È place ofwalthme and encounter, Inspiilng others to r&cognise thelr worth and walk wilh hope In the W(d.
The Friars, Aylesford Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Dlrectors, Report) {conthu•dJ Year ended 31 D¢cember 2025 STRUCTURE, GOVERNANCEAND MANAGENENT Governlng Document The Friars, Aylesford Lq a charitatrAe ¢ompany limlted by guaiantee goveined by Its Momuandum 8nd Artldes OfAsso¢latrn.lI Ss reg181ered In Eroland and W8188. Charity nwiber.. 1(J68518 CoMpY number.. I487590 Thè Board ofTru8te8s The Trustees (who are also direcior$l are responsible for th8 governance and Strateg diredian of the charlly. Trustees serving durlng th& year.. Isabel Bodunrin Rev Mi¢h&l Cox. O. Carm. Rev Bndan Grady. O. Carni. Rev Palr4d( O'Keefle, O. Carm Tru8teeè arè appointed in accordance wlth th8 Arb¢les. based on skills, 8xperièncè and commllmenl. TnJste8s reNe indtIOn covering 9overnahce, s8leguardin9, linancial ovèrsight and rSsk Mana9èml Chaylty's GovErn8nc8 8nd Man8Eem•nt The Tru8tees meot regularly lo oversee: Slraiegy and planning Financial pgrformaTK8 coTrtrol8 Risk management Safeguar¢*ng 8nd opallOal matteT8 Day-tO-dAy 0rat50nS are deleoatèd lo th& TdIng Oper8tion8 ManamentTeam and senky stall. TTU8tge Rlsk Management Slat9rn0nt TheTwstees maintain $y8lems and procedures to Identify. monitor ard M'gate key risk3. Rlsk management Induths.. Regular linanaal tnonitoring and budgeting Maintenance plannlng for bulldlngs Safeguarding health & safety proces Govemance and operatr'onal over8ighl PrlncSp&l Rlsk8 and Uncertalntieg Key rl8k8 Idontllied Include.. Economie wassuros afteclllg Iner(ng 8nd costs Stalfiw volunteer capaclty maintenan of historic Infrastru¢tur¢ Saf8guardNJ and heath & safety resppn51knlilS Envlronmental and ¢yratK)nal uncertainties MibgaUDn measur8s include robu$l conlrols, insurance, professional and orgoing r8MgW. REFERENCEAND ADMINISTRATIVE DEfAILS Regist8red chanty number." ll8518 Registered Company ThJmr'. 03487590 Reglstered I)ffi". The Frfars. Aylgsford
Th8 Friars, Aylesford Company Llmlted by Guarantee Tru$t&8$' Annual Report {Incorporatlng tho Dlrector8' Report) iton Yeai ondod 31 De¢ember 2025 Kent ME20 7BX Auditor. Burgass Hodgson Audit Limed STATEMENT OFTAUSTEES, RESPONSIBILITIES The Tru51ee5 Iwho are a180 directors ol th8 eharitable company) are re8ponsie lor preparing tho Trustse5' Annu81 Rèport Bnd the fin87 slatgmenis In accc&da wlth applicable and UK accoun*"ng stAndBrds. In prèparlng th8 financlal 8lat8ments, the TN81ges arè rèquired lo.. SeTect sultable accounting polic1 8nd apply them conslstentty ObseNe the Charilles SORP Make reasDrAble and prudèntluL1g¢m¢nts and eGtimates Confirm mplIen¢6 with accoursting standards Propo accoun15 on a gthng eonc8m basis Thg Tru&t¢es are responslble for melntalnlng adgqual8 accounllng records. s8f8guArdlng assots. aThY PWVgnting and detecting fraud and irregUlarle& AUDITORS A Tesolullon to reappoint BuTaè8& Hoclgson Audlt Umlted as audllor wlll ba prop08ed in 8ccordanc¢ wtth the Companiès Act 2006. APPROVAL Thls report was approved by the Tru6teeB and Signed on Iheir behalf. Fr. Brend8n Grady O. Cami. Trusteè Dale..
The Friars. Aylesford Company Limited by Guarantee Indèpendent Auditovs Report lo th¢ Members of The Friars, Aylesford Year ended 31 December 2026 Oplnlon We have audited the financial statements ol The Friars. Ayle$ford Ith8 'charllable parent companll and olThe Frlars, Ayl88ford and 11$ subsidiary Ayleslord Priory Limit8d lthe'group'l for the year ended 31 D8cembÈr 2ff25 which compri88 the group slat&mgnl ol finanoal actit&s$ lin¢luding income and expendire Mecount}, tha group and tharilable par8nt company statement of finanaal position. the cor)solidaled statement Df cash tk>ws and the T&laled notes. Trncluding a summ8ry of Significant aceounting policies. The financial reporting framewoik th81 has beell applied in thair prepar8tion Is appllcable law and UnKed ngdorn Accounting Standards, including FRS 102 The Financial Repon9 Standard appllcable In the UK and RepubliG of Ilartd Iunited Jfjngdom Generauy Accep Accounting Practic61. In our opinion the financial statements.. glve a true and fair W of thè 8lalÈ of th8 group and of the Charitable parant wmpany'8 aftars as a131 Dec8mber 2025 and ol ils in¢oming resourcey and applicalion ol resour, including Its income ond expendituro. ft)r Ihg yoar then ended,. have been propèrty prepared in accordan wilh United K*igdom Generdly A¢ceptsd Acca)untsng Practice., have b?en piepar8d In accord8nce with the requi¥emery15 of the Companies Act 2ooe. Basls loroplnlon We conducted Dur audit in accordance wlh Intèrnational St8ndaTds on Audlting IUKI IISAS IUIQI and applicable law. Our respu$7b$lit5 under th052 Standards ale lurthei described ITr the audito¢5 resptsnsibilitEs for the audit ol tho financial statements section of our report. We are independent of tae Gharity in a¢wrdance wth elhi(al requiremènts that are relevant to our audit ol the finanrial 51alements in Ihe UK, Includlng Ihe FRC'6 Ethlcal Stancsard, and we have frjfilled our other ethica responsibilrties in acc£Kdan wilh these quIreMents. We believe that the audit evidence we have obtained is sUfflent and appropriate lo provide a basls f our opSnlon. Conclvslons rèlatlng to golng concern In auditing the financial 5taternent5, we have conduded that the trustees, use of the gfig coneern b8813 of artounling In the preparallon ofthe financlal £tatgm$nls Ig apwoprl810. a$ed on the work we have performed, wo have not identified aw material utKertaintigs relating to events or conditions that, individually or collectively, may cast signifi¢ant doubt on th& charity's 8bifily lo continue as 8 gdng ncern for a perlod ol at 1ga81 twglvo tnonths trom when the Inancial statements are 3uthoris8d for issue. Our responslbilill8s and Ihe re$pon$lb115118s of the tru$t88s wilh ro$pecito golng Con¥ are d95cribed in the relevant seotions of thi8 report.
The Friars, Aylesford Company Limited by Guarantee Independent Audilorfs Report to the Members of The Frlars, Aylesford ftoniinv Year ended 31 December 2025 Othbr Inlomatlon Tho othei informat]on comprtses t1 Information Included In Ihe annual report. othor than th9 Ihancial slatemernts Dur auditor's report thtsrgon. Th8 trustee8 are re8pon8ible for th¢ other Information. Our opin5on on the finanual ststements does not rAJver the other information and, 8p1 to th& extont otherwi8e explicilty slated in our reporL we do not expre85 any fomi of Bssurance corKluslon thereon. In ¢onnectlon wlh our audit ol the financi81 siatemenls. our responsibility is to ro8d thè othèr Information and. in doillg so, consider whelhgr the olher informationls materIty Inconslst8nt th the financial slalernents or our kwwledge obtained in the audll or othepM5e appears to b& materially mlsslated. 11 w& identify 8uch rnalerlal Inconsislencles or apparont material mlsslalernents, we are required tri d&l8rmin8 whether there is a Material mlsslat&ment in the financial slalements or material mi58tatement of the olher infomiation. 11, based on the work we have performed, we corKlude Ihal there is o malerlal misstatement ol this other information. we ar? r8quired lo report that lacL We havè nothing to report in thi$ regard. Oplnlon$ on othgr mattgr5 preBcrlbed by the ¢panIeS A¢t 2006 In our oynlon, based on the work undertaken In th6 cours6 of Ihè audlt.. tho information gfven in the Irust08s' r8POrt for thè financial yèar for which th? financial gIAtemenls a preparedlg conslstent th thè financ4al Ètatements,. an th9 Iruslge¥' roport has b98n pr8par8d in acrAJrdance vAlh applicatle legal requlrernenlB. Matters on whlch w8 ore requlred to report by exceptlon In the Ilghl ol Ihe knowledge and understanding of the charity its environtnent obtaSnod in tho courso d the audrt we have not identlfied malerlal mlsstatemènts in the trustees. report. We have nothing to report Ill ré5P8Ct of th6 following malleis in r¢lalion lo which th8 Companles Act 20Cfj r¢qulres us to reportto you If, In our opinlon.. ad8quat8 accounting records h8ve not been k#pt, or returns &equate for our audit have not b88n ré(*ivèd from branch8$ nolvlsMed by us.. or the financial slalements are not in agreemenlwilh the awounting records and IEluin5'. or certaln disclogures ol Irustee$' remuneratloll 5peclfied by law are not MadÉ'. or we have not r8QelV8d 011 the Information an(J explallatlons we Tequire for our audlt. the trustè8s were not enlillod lo pi¢pate tho finanrya1 statements in accordance wllh the small cornpanies rEgime and lake advanlago ol the SMBII cnmpanies, exemptions in preparing the Irusleos. r8PfKt and from the requiremanl to preparg a StratlC repcKt,
The Friars, Aylesford Company Limited by Guaranteg Independent Auditorfs Report to the Members of The Frlars, Aylesford (Co1011) Year ended 31 December 2026 Respon$lbllltl88 of truateeg As explained mora fulty In the tiustees, r8$pMsibilii6s s18tamatht. the truste6s Ivtho are also the dlreclors for the purposes ol company lawl ale re$pon$lbl6 lor Ihe weparatlon ol the financia statements and for being satisfied that thgy glve a true and lalr vlew, and lor such Intsrnal ¢Ir01 as th? trustees determine 1$ neSSary to onable the preparalion of financlal 8lalem&nts Ihal are free from mal8rf81 misstst8m8nt, whether dug lo fraud or eiror. In preparing the financlal statements, the Iruslees are responslble lor as5esslng the charity'8 abllity lo continue as a gowig concem. disclosrrg. ai applKabl8, matters rdaled lo gThng coreM and uslng the going concem basls ol accounlirng unless the Iwstees eiiher Snlend to quiale th8 charrty tx to ¢ease operations, or hav& no reallsllc alternative bullo do 50. AudltoPs reSpOlbIlItIeS for the audltol the flnan¢lal Statements Our oblectiV85 gie lo obtain reasonablg a$sUTan about whether the finanL?&l statements as a whd8 are free from rnaterid mi5stst¢ment, whether due to fraud or error. and to Issue an auditor'5 report that includes our opinEon. Rèasonable assuranc• is a high leval ol a5suTan. bul is not a guErantee that an audit conducted In accordanGe wifft ISAS IUKI will always dgtect a malefial mlsslatement when it exists. MI8Statements can arise from traud or err and are considered malerfal if, indivKlually or in the aggregate, they could reasonably bÈ expected lo infiwrre the economSc deusSons of users taken on the basis ol these financial statements. IrFeguParftias, irtludlng Iiaud, aTe instances ol non.cOmlanc0 wtth laws and regulalons. We desSgn procedurès in line t our respon61bililleE, oulllned above, to dated maierial mt86tatemonts In rEspecl ol irreguaTrI10$, inclucllng Iraud. The extent lo wh5( our procedure8 are capable of detKting irregularities, irKluding fraud is dÈtailed bel¢)w'. We hyentlfy atKJ a88ess th8 rlsks ol malerlal mlsslaiemenl of lh8 finandal statem&s. th8th8r due lo fra1 or error. and then design and rfOrM audit procedures responsive lo Ih08e risks, irKluding obtainlng audit evidence Ihat Is sulfiryenl and appropria19 to provid8 a basi8 for our opiniDn. In identifying and assesslThJ rlsk8 of material misstatement In respect ol ie9an"85, iiduding fraud and non<ompliance wlth laws and regulatbns, we have considered., the nalure ol the indwtry, ry)ntrol enwronment and busn8ss performar. We also eon51der the iesults of our enquiries of management relallng lo their own KtenllficalK)n and assessmenl ol the dsks of Iriegularltles and pc$5sIble relat6d fraud whlch Includes r8vlewlng available do¢ument3li¢)n on their pollGles procedures. Throwhoul th8 audft te51ing w8 8r8 con5idgrin9 inc8ntNes that may ox(sl within the organi98tlon foi fraud. Kéy ai885 include timing of recognlsltsg Income around the year and p05tlng of unusual journals. In commoh Wth all audils under ISA5 IUKI, we are a150 requireé to perforffl spe[IC prodUr¢S lo respond tr) the rlsk of manag8mgnl ovoidde. We ensu we have 8n understanding ol the relevant Bnd regulAliork% and remakn alèFI PO85ible non-compliancg thrwghoutlh8 audtt. DEspile proper plannlng and audbt work In accordan¢6 th 8u£Jltlng $1gndwds fh8r8 ar8 Inhergnl limitations and unavoidable risk thal we may not deted some Irregularitiès and material rniÉyt81emants in thé flnahcial sial¢ment$. We are not responsiblè lor weventing non-C(p11j¢e and camot b& expectèd to detect noomplin¢£ wllh 811 and regulBtlons.
The Frlars, Aylesford Company Llmlted by Guarantee Indgpendont Auditor's Roport to the Members of Tha Frlars. Aylesford fcoyJtihuÈdJ Year ended 31 December 2026 As part of an audlt In accordance with ISAS IUK). we 8xarclse prolesslDnal Judgment and maintain prof883ional s¢eptirAsm throughout the audit WÈ al80'. Id8ntlfy and assess the rfsks of malerlal misslat8menl of the linanaal statements. whether due lo fraud or emr, design and perform audll prOdureS responsive lo Ihose risks, arnd obtain aud evidence that is sufficient ar)d appTopriale lo prowde a basi5 for oui opinion. The risk ol not delocling a malgrial misslalerngnl rosulling from fraud is highgr Ihan for one Tesulling fiorrj error, as fraud m8y invofv8 cdlu5ion, forgery, intentional omi551on8. misrepresentations. or the override of int8rnal cotr(. Obtain gn understanding of Inlempl W1[01 rdevanl lo tre 8udil in order lo design audlt proc8dur8S that ar8 appropThate in the Orcumstar5, but not for the purpD5e of expies5in9 an oplnlon on thfr 8ff&llvéness ol th6 Int¢mal control. Evaluate th8 appropriaten8ss of aecounliTrg polie5 used and tho weasonablene5s of acwunting é$timatè8 and r81Ètèd dlseloswas madè by tha trustees. Conclude on the appFoprlalerss Df the trustees. use of the going concrn basis ol accounting and, basecl on the audit ovidence obtainÈd. whÈlhar a material wcertainty Èx18ts rèlatèd to events or conditions that may cast significant doubt on the eharivs abllity to conlinutr È5 a going concgm. If we conclude that a Tnaloiial uneortainty exisls, we ai¢ required to diaw 8ttenlion In our oudilor's r8pDrt to th8 related disdDsure8 IE) the finanrA818tatement8 QT, if such dl8dogures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtailled up lo the data of our auditor's rèporL However. fuiura evanls or condlllons may cause Ihe charity lo ae lo continue as a going eoncein. Evaluate th8 overall pres8ntation, structure and wnlenl of the ffinandal slalem8nts. Including the d15¢1osures. and Wheth the hnancial slgtements represent the undeilying Iransadions And evenls in a manner th81 achieves fair presentation. We communicate wlh those charged wilh govemance regarding. among other matter8. the planned scope and liming ol the audit and signific2nl audit findings, induding any significant deflci8nci85 in internal control that we identify durlng our audlt. Us• of our report This report is madè solely to thè charity's m6mbais. as a body, In &ccordanc& wlth Chapier 3 01 Part 16 of the Companie5 Ad 2008. Our Audrt work has been undertaken so that we might stale lo the charity's memb¢r5 Ih05e rnatters we are required lo state to them In an audllofs report and foy no other purpose. To the fullest exlenl permStted by law, we do nol actepl or assume re8ponsibillty lo anyone othèr than Ihe charity and th8 charity's member5 a5 a body. fDf our aud51 work, for th report, thè oplnlons we hav formed. Kenlon M BS¢ FCA CTA MAE IS lor Statutory Auiltorl Far bèhalfof Burgess HodgsDn Audit LImed Chartered accoLtartts & stalulory auditor C8rnbuigh House 27 New Dover Road Canterbury Kent CT1 3DN
The Frlars, Aylesford Company Llmlted by Guaranteo Consolidated Statement of Flnanclal Activlt5ès Ilncludlng Income and expendlture account) Yoar 8nded 31 D•¢emb6r 2025 2025 UNe8tricted Restrlcted funds Total lund8 Total lunds 2024 Incorne and #ndowm¢nts Dunalions, orants and19g•rye8 Charitable activi11o$ Olherlrading activ¥8 Othér Incomo 242,573 125,239 1,326,572 242,573 126,239 1,328,672 476,437 98,743 1,264,194 24,948 1.694.384 1,864,320 Total In¢om• 1,694.384 Expendlturg ExpenditUT8 on r*ln9 fvnd¥'. Cosks of olherlrading adivitigj Expènditur8 orh charitsbl? ?Gtivitig8 Qlhor8xpenditure Total txptndStur• 1.233,232 421.9e8 43.692 117 42,750 1,233,349 464,718 43,892 1.161,789 446,850 49,150 10 1,898,8 42.887 1,741,757 1.857.289 Net Inctme 1expendlluI beforetran8fer8 Transfers beeen funds Not Incomellexpendlturol and n¢t movement In fvnds (4.xei {418671 147.3731 207.031 {4.5061 142.887) 147,3731 207,031 R•conclllallon of fund¥ Total fund8 brJght Icrd Total fund• ¢arrl•d foNArd 1,290,493 1,285,987 200,412 157.545 1.490,905 1,443,532 1,283,874 1,490,905 Thè st8temènt of flnandoi act1¢1¥$ IndudeB 011 galns Ènd 10ssg8 re¢ogntsed In tha y88r. inromg and exF•ThJliure dorfiv• ¢gnlln&ty aobwtii)5. Th8 not•¥ on pttg•$ 13 10 26 lonn part of tho¥8 Iln4nclal 5tthments. 10
The Frlars, Aylesford Company Llmlted by Guarantee statsm•nt of Flnanclal Positlon 31 December 2025 Group 2025 Charlty 2025 2024 Note8 Flx•d •s¥ets Tangible a8set8 Investments 961398 1,027,SQ8 743,404 815,317 962.398 1.027,506 743,405 815.318 Current Stock Debtors Cosh at b9nk In hond 17 18 30,226 176,138 441,706 648,070 35,733 7,089 242,092 714,914 2,843 766.901 259.18S 1.018,729 690,702 400,659 991,881 CTeditor•.' amounts falling 13ue withln ifft year 19 1120,811 03,848 13,20 71.334 N•t curront {Ilabllltlesl Assets Cradltors.. amounts falllng due after one yr Tolal net lllab1lltl} a680t8 525,134 511,C68 978,652 947.395 44.000 1443,533 1.490 WS 1.678 os7 1.715,046 Representefl by Funds and ro58rve Restrlcted fund8 Unrestr4¢ted funds - Geneml fvnds - Tangible ad 8s8éts furld . Non-th8rtsbl8 Irsd funds Total fund8 21 157,545 2W,412 157.545 2QO,412 777,108 743,404 899,317 815.317 777,108 743,404 899,317 815,317 1234,5241 24.1*111 1.443.633 1,490.905 1.678.057 1,715,046 These flnanclal stalsment$ wero apprO¢j by the board of Iru$t¢8s and euthorfsed for 18sua on .1.0141u¥.. and are sign¢d on bbhall olth& board by: Rev Brendan Grady O. Cwm. Trustee The nots8 Dn pago5 13 to 26 fom partof tho¥t flninrlal statements. 11
The Frlars, Aylesford Company Llmlted by Guaranto8 statement of Cash Flows Year ended 31 DKemb8r 2026 2025 CaBh 110 frorn op•r8tlng attirfitlos Nat Incomo1{èxpendiiurel {47.3731 207.031 Doprociation oftsrylt48 fixed asse18 110.908 82.018 Ch4nge$ in.. Sto¢k$ Tred# and othèrd•blor¥ Tr8dg end othér¢r8dilc 5.507 160,951 180,912) 196,452 1,183 {184,3951 70,870 C?8h generated fiom oporatitins Nat rash fromllu¥ed In} oparaong actWles 130.3241 170,707 149.079 Cash Ilom from Investlng advltle• Purchase of tawible assets Npt ¢ash used In Inv8sJng oc1v1eS 145,800) 1201,1831 145,800) 1201,1831 Cash IloYA from flnanclng activltk¥ Pmeeèds from rrOW9$ Nèteo$h (used inylrorn flAanclry 8¢tlvltl&s 13.e87) 13,6671 13.fj67 13,887 N•t In¢rgasgl<deer•a8•} In eash and cash •qUNatI 4¥h and ¢a¥h oqulvalèntè at bèglnnlng of ygaT Cash and cash ?qvlvalgnt8 at end ol ygar 99,814 342.092 P&1421 370,134 441,7C6 342,092 Thg not•5 on pagès 13 to 26forn p8rtof th•sp fln¥n¢l¥l •latDm•nt8. 12
The Friars, Aylesford Company Limlted by Guarantee Notes to the Flnanclal Statements Year ended 31 December 2025 Gehoral Informallo The chority is a public benefrt enlty Bnd a private ry)mpany limited by guarantee, registered in England and Wale8 and a r&gisler8d charity in England and Wabs. The addr8ss of tha reoistered office ig CIO The Frièis, Aylesfoid, Kent, ME20 7BX. ststement of ¢gmpllan¢e These financal statements have been pr4par8d In eompllanee vlth FRS 102, 'The FinarKi81 Reportrry Standard applicable In thè UK 8nd thè Republlc of Ir81and', the Statement of Recornmgnded Piaclice appliGable to Gharilies preparin9 theli accounts in accordan with the Flnanclal Reportlng Standard apllcable In the UK and Rèpubllc of Ireland IFRS 1021 Icharltles SORP IFRS 10211 and the CompAnies Act 2. Acrounllng pDll¢lo5 Ba818 of prgparatign The financi8151alemenls have been prepar8d on th8 kgsloric81 cost basis, 85 modifled by th8 revaluaiion ol certaln financial #ÉsètÉ 2nd liabllllle8 8nd invèulment propérllèy mèasured at falr vglue through Intomè orexpènditure. The finSaI stalemenls ar? prepared in stsrlin9, whT¢h is the fullctional currey ol the entity. Bas1$ of consolldatlon The consolidBled 8talÈment of finanusl Ècfi"vilies Ènd group balance sheet consdidale each reporting line ol th8 finan(xal slalemonls of The Friars, Aylesfortl and its svbsidiary company, Ayl88ford Priory Umlted. mode up at thts balonr* 8heo1 dalg. Goin9 concern The trusteos have a5s8ssed whether th8 use ol th8 going concern assumption is approprlats In preparing these accounts. Tha trustees have made the assessment in respect to a period of al lea51 one yearfiom the dale of approval of these accow)l$. Having reviewed Ihe financia1 posltlon and future plans for the charity, the Truslees have identified no malarial uncertaintles r6lated to evanls or conditions that cast significant doubt on tho charllys abillty to conlSnue its acuvilies lor the for8seeable fvrture. The long-term eGOllOrniC OUtI¢)Dk remain5 urKertain the team here at The Fiiars hgve put a lew m8asures in place to ensure finanthal slabiliiy. Thls Includes flnding smarter ways of woiklng, emb8rklng on varlous cost savlng inlllauves and reuular cashllow forecasting. We 11 continue to cIos81y monktor the impacl ol any government deusion making and the impact on the ecOrnY trom any crlsls, and we 11 actively respond to any rapid changes. Therefore, the finandal staternents havg been prepared on a golng corKern basls gSven the undertaking of Ihe Carmelitè Charitab18 Trust to support tha group and charity financially whllst they Eonlinue with the workto restor6 the avItIeS 8t Aylesford to 8 $ust8lnable bBsis. 13
The Friars. Aylesford Company Llmlted by Guarnnte? Notes to the Flnanclal Statements (Conthd) Year ended 31 December 2025 Judgemènis and kèy SOU89 of ¢$llmatlon uneÈrta]nty The plar81k> of the financial 81atsmenls requiTèS mantsgembnt to make judgements, esbmates and a5wmplw)n5 Ihat aff8cl Ihe arnounls reportèd. These estlmates and judgements are contlnualy revlewed and are based on experience and other fact(ys, In0n9 expectatlons olfuture events thai we lieved to be reasonable under the arcumstances. The signlfieanl eslmat6s and ludgamenlg 8re &sUmatlng the expected useful Ilf& ol tanglble fixed assets. assessing the probabillty of the reeeipt of legacy Income, determinlng the basis lor allocating shared overhead ¢0515 belween the d)arily and $ubsidlary company. and eslimativJ future Income and expen(ffture flows lor tho purpose ol assesslng gng cann. Fund aecountlng Unr8striclèd funds arè av&lablé for use at the discr81ion gf the tru¥189s lo furthér any ol thè chariVB PUIPD8e5. D85ignaled funds are unrestrided ndS awmgrked by Ihè trustees for pariicJJlar future pidect or eommltm6nl. Restrled funds 8re subjected to restrictions on thr 8xpendilure dedared by the dorK)r t1Ugh lh¢ of an app881, and fall Into one of GUd8$ restrithd IrKome fu1& 8nd(ywrNgnl funds. The tsnglbl& fad assets tund rspresents th9 net book valu8 ol the land and bulldings oceupl8d by th8 eharily and othei tangible fixed assets held by the charity. Such assets a vital to the. charity btring able to carry iyjt ils eharilabl8 work and value invested. in thè assets Gannot. therefore, be reallsed In order to meet future exp9ThYllu or Gonts"ngeneAe8. To emphast5e thls point the nel book value of the 83sel$ 1$ rÈprÈsented by a $petific Inble fixed a8301$ fund on the balance sheet. Non charitable IraclirE lund$ compri¥e the retalned surplus or acwmulated defiul ors the a¢tivllle8 ol Ayle8ford Priory Llmlted. Incomlng Tesources AJI InGoming resourtes ara truded In the statement of Itnanclal actlvltles when entitlement has passed to the th&rty', it is probab5e Ihat Ihe economic benefits assoclated with the Iransactlon 11 fiow tts the chlty and the amount can b& reliably rneasvred. The (olk)wing spealk polic8 are applled to partFeular calegorles of Income.. Ir0e trom donations or grants xre r8cogni5ed when there is ÈMdanc& ol 6nlttl¢ment la the gitt, rèealpl Is FKobab1e. and ils ?mount can be m6asuied reliably. In the èvént ol donalions or grants plèdgèd but not recew¢d, the aThount is attrued for wher¢ the receipt IB eon5idtr8d prrt>able. In ihe ovent that a donation or grant 15 subject to etsnditions that iequire a level of wformance before the charit8blè p8ront company ar7dloT group Is &ntitl&d to the lurKJs. the Income Is dalerred and not recognised until either thosè condllons are fully rrhet. or the fuifiment of those Gondrtions Is wholly wthln the conlfd of the charitable p?nI company andlor 0p aThJ rfc Is prol)able that those condlllons wlll be lulfllled In the reporting perlod. Legaoy income is r8cogThsed when rlpt is probable, and entlllemenl is establlshed. Entttlemenl Is taken as the eartr ol Ihe date Dn which eith8r'. the charity Is aware that probate ha$ been granted, Ihe estale ha$ been fina1$8d, and notification has been made by the executor to Ihe charily thal a dlstribub'on will be made, or a distribution is recoN8d from the estate. Receipt of a legaty, In whole or In pwt, is onty con$td8r8d probabl¢wh¢n Ihe amountc2n be 14
The Frlars, Aylesford Company Llmlted by Guarantee Notes to the Financial Statèments fthwJrinu•d) Year ended 31 December 2025 measured rell8bty, and Ihg charity has been nolified of the exacutorfs Intenbon to make a dislribulion, Wh8r8 18gade5 have beon notified lo the charity, Dr tha chgrity is aware ol the granting of probbt8, bui the criteria for income recognition have not been met, then the legacy is treated as & conlingtrnl asset and L115closed if material. In the event that the gift 18 In th8 form of n asstrt oth&r than cash, or a finanGlal asset traded on 8 recogni8ed stock 8xthang¢, reix>gnition Is subject to the value of tho glft being rellably measable wllh a degree ol reasonable accuracy and the liue of the asset having been transferred to the ch8rfty. Income from donated goods Is measured at Ihe lalr value ol the goods unless this IÈ impraetleal to measure rellably, in whlch case the value is dersved from Ihè cost to the donor or the 8slimated re8818 v81u6. Donal¢d facililies and seNiS Jre recognisttd in the accounts when reiVed 11 the value can be rgliably measurgd. No amounts ste included for the contilbullon ol general volunte&TS. In(x)mè from contr8Cts lor the Supply ol Serv5 Is recognlsed with the dellvery of Ihe conlracl¢d $eryirx. This is classffied as Ljnrestricled funds unless there is a contractual requirement for il to b¢ spent a particular purpose and returned If unspent, In whith casg il may b? regarded as reslriGted. In aceordÈnceMrith tha Charltles SORP. volunteer hours are not recooni8ed. Incorne from trading activilie51s recognised lo the exlenl that il 1$ probablè Ihat thè *onomlc bEnefits flow to the company gncl the revenu8 can be rellably measuied. 11 is measured at lalr value ol tho COn5id8ralion received or receivable. excludiro di8counl$, reb8t8&, value odded tax nd other sal65 taxes. Income from charitable adNilie$, comprising in(x>mè in connectbn wllh the 5hrlne and retreats, Is recognised to thè extent Ihat11 is probab18 that the econotn5G bpnEfits wlll fiDWto the charity and the revenue Can be rÈlIaY measured. Income is deferred only when lh8 charrty has to fuffil CondOn$ belore becomlng enold to It or where the donor or funder ha5 specified that Iho irOrn i¥ lo be èxpended in a futurè accounting period, No separate statement of financial activitie5 ha5 beEn piesented for the charity alone. 88 permitted by s408 ol the Compsnies Act 20D6 and the GharitSes SORP FRS 102. The charity had total income in the year of £510,291 12024.. £893.1431, total expersdilure of £546.881 12024.. £540.23n. resulllng In a n¢1 loss of £36,59012024.' net Inwme of £152,906). Rgsources expended Exp8nditure is recognised on an acttuals basls ès a Ilabillty Is Incurred. Exp6ndllure Includes any VAT which cannot be fully recovered, ané is daSsif under headings ol the slalemenl of finandal aclivltles lo whlch It relates". Expendlture on ralsiryq lurKls indud8s Ihg costs ol all fundralslng aetfrAtles, eVt8. non-Gharitab trading advitlas, and the sale of donated goods. Expenditure tharKable activities indutJ98 all c0818 Incurred by Ihg group In und8rtaking 8cliMtI85 that furthei its GhaiitablÈ aims for th& benefit of its baneficiaries. including those 5UPPOrt costs costs rdatlng lo the goveTnance oFtha group apporuoned to tharitable aclNth¢s. Other expenditure indude$ all expenditure that is nellher related lo raisino fvnds for the thartly nOT Pert of its gxpenditure on charitable a¢lwities. Al costs are allocated lo expendlture catagorles reflectlng the use of the resource. Dlr8cI c08t8 15
The Fn"ars, Aylesford Company Limlted by Guarantee Notes to the Flnanclal Statements (CDlIliFJu¢dl Year gndod 31 December 2025 attribvlable lo a single aclivity Rre allochted dir8Ctly to that activity. Shared rosls a apportione¢l b¢tween the aclivthes fhey conlribule to on a reasonable, Iu51ifiabl8 and consistent ba813. Govemance costs comprise the costs involving the pU1C acuunlability of Ihe charity Ilncluding aud costs) and ¢0sts in reswt lo ils complance with regulation and good prèctice. Support costs and govèrnance eosts are apporfd based on 8re8 0Glt, level ol activty and staff Ilrne as appioprial8. Certain support ¢ost8 incurred shad between Ihe charfy ar¥J Ils subsidiary company. Ayle61ord Prlory Llrni18d. Thls alloc&Uon Is basod r)n occupiad, level of actlvlty and staff time. Those u)sts whleh would be Inrred Wheth or not Ayle8ford Pfiory Limlt8d existed are alk)cated 100% to the charity. Tanulblg assets Tangiblg ?S591$ ale Inltlally recorded at cost and subsèqugnlly stated al cost less 2ny accumulated depreclation 2nd Impalrment 1055es. Any tangible èssèts carried at revalued amounts are recorded al the fair value at the date of revaluation $5 any Subsequent accumulated depreclatlon ané subsequent Èccumulatad Impalrment105ses. All assets costing mcye than £1,(K)O wilh an 8xpect8d usglul Ilfe exceedino one year are copilalised. No valua Is attachgd In these finandal statements lo leasehold land Dccupied by thp gTOUP and charity. The srte is ol historic importance gen&r811y ond 8pecifrc91ty to the Roman Catholic Church the prin¢ipal objeclive of the ch8rity is lo preserve th8 Sit8 for the enjoyment ol luiu generallons, As Such, Ihe asso1 tneets Ihg definS1ion of herttsg& assets In thè Charities SORP FRS 102 and 13 not v8tued for th9 purpos95 ofthese fi'nanaal statement$. Depieeiatitsrt Oepreciats'Dn is calculated so as to write off thÈ cost or valuatlon of an asset, less its re8idual value. overthe u89ful economlc lifo ofthat aS8gl a5 follows". Leasehold Improvements Plant and machinery Fixtures and equipm8nt Motor vehides 4. 10% Slraighl line 10_ 200/ts Straight line 20% straight Iln 20Y• straight line Impalrm8nt of flxod gs46ts A.reMew for indlc8tors of impairrnent 15 cathed out al each portIng date, wth the recoverable amount bfrlng astlmated wh8rg such Indlcators exlst. Wheie the carrwng value exceeds tho recoveiable amount. the asset Is Imp8lred acc(wdiwly. PrtOT Impairments ar8 also &wed IOT P055ibie reversal at each reporh.ng dalè. Stoeks Stocks are measured at the lower of cost and estlmated sellln9 price less costs to complete 8nd eell. Co8t indudes all costs ol purchase, costs ol conversion and other cogls ineurr8d In bilnglng the stock lo #s present bcalion and condrtion. 16
The Friars, Aylesford Company Limited by Guarantee Note8 to the Flnanclal Statements Year ended 31 December 2025 Dellned contrfbutlon plana Gontributkins to defineLI conlribuuon plgns ara r8cognlsad as an gxpenst in Ihg perlod In whkh the retsled 8ervSce Is provided. Prepald contribullons are reccgnSs•d as an assèt trj l• èxl•nt that the pPaYment wll lead lo a reductlon in luiure paymenis or a cash rèfund. Flnarttial irtatrurngnts Financial lialylilies and equity instruments are dassified according to the Bubstance ol the contr8th81 srrangernents enlgred into. D¢btors ond cr¢ditcr8 with 8laled interest rete 8nd receiv8ble ol payable wllhin one year are recordod al transaction pricè. Any losses arlslng froTn lrnpalrmenl are recognlsed In th8 profit and loss account in t)thèr 8dmini41rativÈ 8xpenseg. Loans and borrowngs are Initialty recognised al Ihe transoctlon prtc8 includw transectn costs. Sub8e4UgnUy, trey aro measured at grnortlsed c081 uslng the OffeVe Intere81 rate melho( le88 impoirmenl. If an arran9ernenl cons1ilule8 a finance transaction ills me88ured al Present value. Donaon&, 9rants and legacl Unregtrloted FuThJ8 R&Btrict8d Total Fund• Totsl Funds Funds 2025 2024 Group Leg8cie8 Donalioll Grant from the Carmelite Charitable Trust 25,868 9S.705 25,868 96,705 231.252 125.185 120,000 242,573 120,000 120.000 476.437 242,673 Charltablè actitI Unre8trlcted Funds RestrlctBd Tolal Funds Totsl Funds Funds 2025 2024 Group Shrine Income Car paik eonlrtbLrtions 12D.e39 4.eoo 120.639 4,eoo 95,168 3,575 125,239 125,239 98,743 Othèrtradlng actlvltle unl¢t¢d Re81rKleil Totsl Fund• T¢t81 Funds Fund8 Funds 2026 2024 Group P¥ovffjion of confarancè f8alili85, gue51 accommodation. events sate ol books, gfft6 relreshrnents Other Réntal Income 1.164.492 69.249 72,830 1.184,492 69,249 72,830 1.146,231 55,487 82,478 1,32e,572 1.326,572 1.264.194 17
The Frfar8, Aylesford Company Llmltgd by Guarantee t40ts8 to the Flnanclal Statemants fc47nthued) Year onded 31 Do¢8mbor 2025 othgr Incom• Unreslricted Fund& Re8tricted Total Funds Totd Funds Funds 202S Group 6ing8¥ ¥UPPOrt8theme 24.946 Casts of oth•r tradlng aetlvlll Unrestricted Funds R•stActed Tolal Fund8 Total Fund3 Funds Group Provislonol ccnlerence18dlthe8. gue6t accommodatk)Tr. events and s oftoks. glfts and refreshments Other 1,194.876 38,358 1,233,232 1,194,878 1.117,052 38.473 44,737 1.161,789 117 117 1.233,849 Expendllur• on Upknèp ofth• Shrfn• atAyle$ford Unrestrthd Funds R•str5ctéd Tot41 Fund$ Totsl Funds Fund$ 2&26 2024 Group Dirècl costs Oiher hdire¢tstaff costs Premlse6 and fadltl86 Offfjce costs 86,214 52.664 289,992 8,092 5,004 421,986 86,213 52,864 312,742 8,092 gg,041 49,680 283,e82 42.750 4,897 448,350 42,750 464.718 10. Othèr•xpéhdltur• Unreitrktad FyThds Rtrted Total Funds T¢)tal Fd$ Funds 2025 2024 Group &Jpportof thg ¢¥nnalitg Friars of th Aylè8ford commun 43.892 43,692 49.150 11. Taxation Th8 Friars, Aylesford 1$ 8 ro9lstw8d tharlty and, Ihèreforo, 18 not Ilablo t¢) ¢tsrporation tax of inwme lax on iwomB or g8in¥ dgrN8d frgm its ch8ritat48 SCtNilip5, 85 they lall withtn tho v¥loug exemption8 walloblBto rg9lstsr£<J th8rftiès. Profjts ol Ayleslttd Prfory LIftted, il any, Èrè suble¢t lts ¢orpordoll tax t1eulat8d on the ba81s of tax rates and Ihat have been enacted or subslantlally enacted by th6 balance shael date. 18
Tha Frfar8, Aylesford Company Llmlted by Guarantee Notes to thg Flnanclal Statement8 iconthueOJ Yoar Ondgd 31 Decemb8r 2025 12, N•t Incomollèxp•ndltur•} N81 In¢tsmollèxpandllur8118 stated aftér charglnglleredlllngl.. 2026 2024 Group Stsff costs Audttor's remuneration - Statutory audll seNcèi . Other $6Ncas'. lax complIara D6pr¢dabon o118nglblo fLxed Assets 847,242 783,357 11,389 2,000 110,9( 10.291 2.000 82,018 13. Staff costs Group 2025 2024 Staff ¢o$iB during th8 ya8r wor8 as folkths.. W8gè8 and $818rles Social security costs Other penslon custs Other e18ff rel*ed cijgts 755,413 60,631 18,505 15,693 847,242 702,575 40,$87 14.409 5,386 783,357 2025 2024 Staff parfvnctlon weTe as follows.. Upkeep of the Shrine Provision of confgrence f8cilkie5, guest 8¢¢0mmodation, events and sale ol boDk5, gilts and refreshmen18 Support funcuons 151,071 140,320 $87,037 129,134 501.449 121,588 783.357 847.242 The averaga head count ol employees durfng the year was 5912Q4'. 5n. The overage numbor of full-lirne equlvalant èmployees during the year18 anaty8ed 88 Ic41ow8'. Group 2025 2024 Shrln$ m8lnl6nance Commela$ trading oper8tbns Support cogtB 21 22 29 No ernoYee rec8fved gmployee er11S Qfmore than £80,000 durlng Ihoyear12024.' NIII. 19
The Friars, Ayl8sford Company Llmlted by GuaTanteg Notes to the Flnanclal Statements {conllnuodJ Year ended 31 Decembgr 2025 14. Tiu$¢ee remuneratlon and e¥pon$o8 A number of th8 Irustees ar& m8mb8r8 01 tre Carm81ite Order and. as such, certain of thelr personal liwirvj 8xpenses 8re bome by the tharily, bul they rec8iV8d no remuneration in eonrkctian with their dut(es as trusteas dLwing Ihg year (2024.. nono). No In(ii1ontal ewns9$ were ieimbursed to trustees12024. Nonel. Tho charity ha5 purchased truslaes and Inthvidual Insu¢? to ndernnify the trustae5 or othEr offieors against Ihp Gonsequences of any cL4im for 8 wrongful acl. The inBurance prèmlum pakl by the charity during the y8ar totalbd £93712024.. £89318nd wovides cover up to a m8ximum of £1 million12024.' £1 mllllonl. In 8ddition lo tho twslees, the key management p8r3onn8J ol the charity in charge of direGling and wnffollitw, iunning, and opérating the charity on a day-lo-day basis durlng 2025 compris8d thè Oper81ion8 and Bu8lng8¥ Devdopment Man9ger, the Estate8 ManagoT, the Catsring Manager, the Hospilallty Manager and the Pric¢'s 8nd Tru5tees' Secretsry. The total rèmuneration Ilncluding taxabt9 bgnofiis, ¢mploy8r'8 pension conlribubons and 9rnployers' nation81 in$fftfieÈ contrlbutlons} orthes8 èrnployee8 W83 £167.112024.' £187.6551. 15. Tan9lble fIX a55ets Group Leasehold Plart Fixtwes and Motor Improvements machlnery Trpment vehides equipment Total Co%t At 1 January 2025 Addillons Disposals At 31 Docember 2025 909,013 2.975 330,223 216,216 10,980 31,845 19,945 12,180 1.496.577 45,800 14,1871 14,1671 6,013 1.538,210 911,988 350,203 248,C61 19,945 Depreclation At l Jar&Bry 2025 Charge for the year Disposals At 31 December 2026 231,5C£ 49.362 12&830 3D,247 ),fj69 28,128 10,785 2.290 7.779 469,072 110,9( 14,16n 575,812 14,1671 4.492 280,671 159,077 118,297 13.075 Carryljg amount At 31 Decembor2025 831,117 lQl,126 677,504 210,394 129,764 6,870 3,521 2,398 At31 December 2024 126.048 9,180 4.401 1,027.506 2Q
The Frlars, Aylesford Company Llmited by Guarantee Notes to the Financial Statoments (rondnueoj Year ended 31 December 2025 Charlty Leasèhold Plant and Fiytwes and Motor improvemerst8 mechinery equipment vehicles Totsl Co¥t At 1 Janvgry 2026 Addlllon5 909,013 2,975 132,384 102.101 1,258 19,945 1,183.443 4,233 19,945 1.187.676 At 31 December 2025 911,988 132,384 130,358 Depreclallon At 1 January 2025 Charge fortho year At 31 December 2025 231,609 49,362 $6,925 9,646 36,907 14,84B 10,785 348,126 2,2 76.145 13,075 424.272 280,872 78,571 53.755 Carrylng amgunt At 31 DBc8mber 2025 831,117 077,504 55,813 65,459 49.603 8,870 9,1eo 815,317 743.404 At31 Docgrnb8r 2024 63,194 The ¢harity'$ otyecliw is lo promote lor the benefil ol the public restoration. presg)lalion and maintenance ol Ihe historic buildlngs. amenities and grounds of The Frfarl Ayleslord. The freehold tille to The Friars, AylÈsford 18 held by The CÈmelitè Chanlabl8 Tru81, a registered tharity and 8 COrclad entity to th8 chsrlty. In 2002 th8 charity wa8 grantsd 8 99-y8ar le889 over the sit8 8nd pay8 an annual renl of £nil to the Carmelite Charitable Trust. No value has beell as81gned to th15 lease in IhE5e ffinallGl stalement& The site Is of hlstoric Imwrtance generally and speclllcalty to the Roman Calhollc Church and, as noted abovo, the principal objective ol the charity is lo preserve Ihe sile for the enjoyment of future generalior)s. As Such, Ihg asset ill9el$ tho defi'nllion ol heritage assets In the Charillos SORP FRS 102 and is not valued for th8 purposes of th8se fin8ncl81 staternents. 16. Inve8tnwn18 Group 2025 Qroup 2024 Charrfy 2026 Charfty 2024 Inv&stment in subsidiary campany All Snvestsnents ahown above 9ro Ild al ¢o$l. Investment In sub51dlary company Thg tharity hokI5 100% benefia31 owTreT8hip interest 115 hvholty oNwned subsidiary. Ay1eSfd Ptk)ry Lfrnlled Iwmpony . 067401901. This holdlng was acqulrèd on Ineorporabon of th6 company on 10 Novamber 2(M)8. Th*r reglstered office Is. The Frlars, Ayleslord Prlory, Ayl?sford, Kent, ME20 7BX. The folkmng is a 6Urntnaiy ol the finandal statements ol Aylesford Priory Umlled lor the year ondèd 31 Dember 2025. which have been included in the consoliL1ated ffinancisl statements. 21
The Frlars, Ayle8ford Company Limited by Guarantso Notes to the Flnanclal Statements Yoar ondgd 31 December 2026 2025 2024 Tumov•r Cogl of $810s Gross prolll AdMsnlStral expeThJiture Net pmfft for th• p•rfod befor& Glft Ald GiftAd to Th¥ Friars, Ayl¢sford Not Protitfortho y•ar AeuJnulat•d proflt at 1 January 2025 R•talned proflt al 31 December 2025 1.184,492 11,059,356) 125.136 1135,5191 110.383) 1.171.177 19S7,086) 204,091 {149.9871 54.124 110.383) (224.1441 (234.$27} 54.124 (278,268) (224,144} At 31 DecemtAr 2025 the company had tolal nat Ilab11115 01£234.52612024.' total net liabilit166 01 £224.143} repreSled by up share capltal of È112024'. £11 and negatfve reserve8 of É234,527 {2024.' £224.ItMI. 17. Sto¢ks Group 2025 2024 Raw materfals and con8umables 35,733 18. D•btorn Group 2025 Chavlty 2025 2024 Tradg debtors ounts duè from Ihe Cp4mellle Charitsblg Tru$1 Olh8rd&btr8 L8garies rec¥Nablg Prèp8yrnents Sodgl Setyjrity and Other Tgxos Amounts duè from Ay105fLYd Priory Umltad 42.051 24,956 17,550 10.684 1,379 2,e53 8.416 228,9 72,1e8 1,247 5.651 37,900 78,778 2,411 5,343 228,W) 66,057 37,9 86.800 213 449 579 SWI,702 443.608 756.901 176.138 22
The Frlars, Aylegford Company Llmlted by Guarantèe Notes to the Fin•n¢lal Statèments tsonVnu•g> YDar ended 31 December 2026 19. Credltor¥: amounts falllng rlu8 wlthln one year Group 2025 Charlly 2025 2024 2024 ExporK8e t¥edltors Olher creditors Amounts du&to Cam)ellt8 Charita# Tru$l AccN818 and dofèrred Inrne 28,690 34.621 3,667 78,729 27.990 3.fA7 1.031 4.311 3.667 48,È49 1,591 3,687 53.733 120.611 95.462 203.848 4,200 13.209 17,127 71.334 Income has been dèferreO where rt relote6 clearly lo future peri*8 andlor where the charity ha¥ not yet mel the conditions for recognlslng the Income. The moVentS in defed income ar• onatysed below.. 2025 2024 Brought Frmrd Released in the year N¢w dg8ign8titsns 128,5481 28.fv18 17,78U 117.7801 28 548 28,$48 19,229 20. Credltors.. amounts falllng due after more than one year Oroup 2028 Group 2024 Charfiy 2025 Chartty 2024 Arnount$ du? to C8rmgltte Ch8rftabla Tru$t AcLYuds and Delerred Incom8 44,ODO 2,325 48,325 47,667 44.000 47,667 47.667 44.000 47 887 The Camielite Charitsble Tru51 loaned £55,000 lo The Frl8rs lo assi81 wlh the work8 on the Artisans, Yard project. The repayment term for this loan is 15 yoar8 with no inlvrg51. Thi¥ impli¢¥ a yoarty repayment flwre of £3.667. 21. Rostrlcted fund6 The Sncorne fvnd$ of thg chafity indude Mstricted fund$ cornprising the following unexpended balances of donauons and grants held on trusts l¢J b# appll¢d for sp8dfi¢ purpo¥&& Transfar General R88erves FUNJS At1 January 2025 Incomlng resource8 E¥pgndilur8 At31 December 2025 Group RB51orabon lund Ptaeè gard lund 184,357 (42,7501 141,807 16,055 11171 15,939 200.412 42.887 157,545
The Friars, Aylesford Company Llmlted by Guarantee Notes to the Flnanclal Statements fconilnue Year ended 31 December 2026 Re8tor&tlon fund Thi$ fvnd rgPTOsents donallDns recefved from th¢ Carmdile Chari18bl8 TIu51 for mantenan projects whlch are onty to be carried out after approval by the Trustees ol the Carmelite Char"rtabl8 Trust together wilh grants from th8 ProgramtnE of Major Works Sch6me whlch is part of the Cultural Recovery Funds towards repslrs to the roof of the chureh situated on the sile ol The Friars, Ayleslord. The tr8nsler from th8 restoration fund to unrestrKled funds represernts eli9iblè exponditure Incwied and capilali6ed duriw the year. Pea¢8 garden This knnd repTesent8 don8110 recgiv8d for the rxeation of a peace garden at the erartts 10 thè Friar8. 22. Analy818.of charftable fund¥ Tanglble fixed asset fund Non- Charitable tradlng lund$ General lunds Reslricted fuThls Total 2026 Group Fvnd balances at 31 Dg¢embar 2025 arg repres8nted by: Tanglble fixed assets Nel curienl (liabililiesl assets Non-currenl Llaullties Total net Illabllltlfrs) assgts 743,404 218,994 {453.5181 962,398 525.135 821.1C 157.545 44.CMXI 777,108 743,404 1234,5241 157,545 1,443,633 Tangible frxed a8$el lund Non- CharitabL9 trat*'r nd5 General fuThts Restride Totsl 20 Group Fund balances at 31 De¢ember 2024 are represented by: TaroiNe fixed assets Net current IllalItIes) assets Non.Current Liabilities Total net Illabllltlès} as#ots 815,317 212,189 1436,3281 1.027.506 511,066 746,984 200,412 699.317 815,317 224,141 1490,905
The Friars, Ayl8sford Company Llmltad by Guarantèe Notes to the Flnan¢lal Ststom8nts 1¢onlnts•dJ Yearended 31 Decernber 2026 fixed psset nd Gènèral fvnd6 Rgstricled I8 Totsl 2025 Charity Fund balance* at 31 DecemTrJer 2025 ore repre6ented by: Tangible fixed a38ets Inveslrnents Net cUrnt IllalIo$) a53ets Non Current Liabiliti Total not Illabllltl••l assfrts 743,404 743,404 821.107 157,545 978,652 7T1.108 743,404 157.545 1,678,057 Tangible fi¥9d 088et fund Gener81 funds RÈxlrictéd fund$ 2024 Charbty Fund balan¢e8 at 31 December 2024 aro repre8ent?d by.. Tangible fL¥ed as¥ets Investments Nelcurrgnt Illabltllb¥l 815.317 815.317 7d6,984 21K),412 947.395 Non Cvrrent Li8lyliti&s Total Illabllltle•l ass•ts 899.318 815,317 200,412 1715046 23. Analysls ofGhanye• In net debl At 1 Jan 2025 Cash flow8 31 Dèc 2026 Cash at Ixnk and In hand Debl due withln one year Debt L1ue after one year 342,092 13.892) 147.88n 290,534 99,614 11,1411 3.687 441,706 15,0331 I44.lo) 392,673 102.139 24. Relatsd partle$ The Friars, Ayk5ford Is cgnnthd to th• C8Tmelit• Charit8bl8 Tru81 ty vlrtu• of tha lact that several of th6 Irusteèi of thè eharitable company are also Injstees of the Carmelite Charileble Tru81 Icharily Règlstr8tk)n No. 10613421. 25
The Frlars, Aylesford Company Llmlted by Guaranteg Not95 to the Financlal Statements l¢onVnwdJ Year ended 31 Dec8mber 2026 Thg trgnwAlons with th• CAmièlitè Charitabl• Trust durlng the year ere as folDw8'. The Friars, Aylèsford r8e•ivèd an unr8strtctsd grant of £120.00012024.' £120,000) and reTht of £nll12024.' £nlll from the C8rmdlt& Charliabl8 Trust At 31 Decamber 2025 Th¢ C•rmelile Ch8ritable Trust crt¥ed £979 to The Far8. Ayleslord {2024'. £42,918 owad by The Frlars, Aylgslordl. The Carmdits Charitabl8 Twst also toaned £55,000 to The Friar8 to asslst with wk3 on the Artisans. Yard project In 2023. The repayment terms for loan 18 15 yearo wlth no lThtergJL Th18 implies a yeady repayment figure of £3.867. Tho Carmelite Charitable Trust holds the Ireehokl of Aylesford Prlory. No rert w81 paid ty thé charity in thè period. Durlng the peTiod the Carmellte Charltable Trust carried out varloug ims)rovement$ to the propaty os parmitted under the lease. Th93e improvemenls have been capStallsed In the accounis of the Carmelite Charitable Trust and are not induded in the aOunts of the charty. H(wever, the chwsty and 118 8ub8idiary ab8orbed all Ihts general ruming costs of th8 Prlory. Th8 Camelite Charitable Trust has coThfi'rmed that it wll continvo to provid¢ ffinamal support to the group os when reqsjlred to enaNÈ il to mept ts liabiliti05 thoy f911 du& mr the sthtto medium lemi. The Charity has taken advantage oftho ox¢mption provided ty FRS 102 for tho rnquirwnent to dlsclose transadons wth118 8ubsldlary undertaklng. 26