Kb'C:I%'l'b:Rk:n (.'IIARI-I'I- N I II%IEITr'R: 111776?7 REPORI. or i'FIE I'KUSTE£S.4ND UNIll,'Dll'F.D FIN,IYCIAL STATEMEN'FS FOR TIIE I'L,IK LNDED 30 JIINF 2024 F'c)ii I'HF; I", (IIINI),i'fioN (11-, S'I. BF.NF.DIC".'I' I)F N(1 RSlIl Berringers LLP C'.Iiarte¥ed .4cLOllI)t¢iiil8 Lyis01) HL)use 50 Londoii Road Bi'omlcv Keiit BRI )RA
THE FOUIYDATION OF ST BLNLDICTOF NURSIA CONTENTS OF THE FINANCIAL sTATEIENTs for ille year ended 30 June 2024 P&%e Ref¢Tenct aiid administralive delails Repoi't of Ilie trustees 2 10 IndtpeMd¢nt tXAmlntr's rtport Siilemeni orrinAnciAI xeliwilies Balxiice slieet Noles to the finAneiAI SfRtemtnls 9 to 16 Detailed statemtnl of finfinciAI aetiviiie$ 17
'rFIi bOU14DAI'ION' 01", ST BENEDICT OF liUR.SlI* RF.fERENCE.4ND ADIlllNISTRATIIPE DET.IILS lor the I'¢Mr ende(130 June 2024 TRUSTEES ol 1)c Lu RlitoUCulll S De La Rochfoiicaiild X J J P De l.a RoclifiiiiLd(Ild SPWeil PRINCIPAI..4DDREI c c) Cli&irles K11s5ell Spe¢LI)l%s l.l.l) -s ricct Place PIL rrii?odoii L(Iiidoii [c417RD RLGigrERLD CHARITI. NUMBER 1077017 Ih'DF.PF.NDF.lii' r.A11Nr,ft Flerriiiblers l.l.P ClianLI'cd Accoiiiil&llllS LJ HnLise 50 Loiidoii Road Kciit BRI .sRA SOLICITORS C Iiarlcs Riissell Spee¢lil>'s LLP i l.-leei PlaLe EC4MI 7RD Page I
THE FOUNDATION OF ST BENEDICT OF NURSIA REPORT OF THE TRUSTEES for the year eDded 30 Juthe 2024 Tlit ¢riisl¢es present Ilicir feport with tlie financial siatemenis OF th¢ cliarity for th¢ ycar cnded 30 June 2024. Tlie Ii'uslees llave adopted tlie prDViSiOnS of Accoiinting and Reporting by Cl)urilies.' Stalenielll of R¢commended Practice applicable lo ohariiies prepariiibF Ilieir accoujils iii accordBiice ivi(li ihe Fii)ai)cial Reportiiig Stai)dard applicable ii) Ilie UK aiid Republic of Irelaiid (FRS 1021 leffeclive l Jaiiuary 2019). OBJEC.TIVES AND ACTIVITIES Dbjecliv¢s Rnd xirns The Ch£1riry was established as a charity iii 1999 ivith the specifi¢ charitable object of tlie advanceiiien( of the Roi)ian Cailiolic faiili Ihi'oLigliout (lie ivurld, inLludiJ)g iii particular, tlie pi'OlllOlioi) of ilie Bei)ediciiiie Order diid lias applied Ihe Cliarity Fuiid ai)d tlie iiiconie dLrived fyoiii it accordiii8l>'. Al a n)eeliii& hcld 011 4 Jiine 2004. the -1 riisiees resolved to establish a res11-icted flind iviiliin ihe foiindation %viili ilie relevant n)oiieys oiily kneiiig u%ed to SLlPPOrt tlie iiiaiiifenaiict aiid iii)pioYenieiil of Ili¢ Iiioiiasiery, at Paleiidriai iii Litliuaiiia. In general lem15, the Triisiees contirbiie io consider ilie posilioii al their lialf veady iiieetingys and dundtions are ii)ade as Ih¢5' deeiii appropriate. Tlie Chai'ity is ii)vesied iviili & vieiv 10 IIK Chariiy beiiig able (o coiiliiiue ils grai)I niakiiig aciiyities for ili¢ fiilure. Railiboiies liave been appoiiiled as inves(In¥iil 3dvis(>r5 10 ilie TiSt¢eS. The Foundation conliiiiied ils niissioii by 111lL king siib51tLnlial sifts throiighoiil th¢ y¢Hr lo various foundations. Total Donalioiis 811)QLlllted of£459.873 foi. tiscal ye7tr 20?412023.' £11 ().696I. The Fui)ds received from Tr)e St t4ciiedici of Ni11& Fouiidolioii (USA} ore l)eld iiiider tlie strict ternis of Tlie Expenditiire Ilespoi)sibility Cjrani Agrtiiiicnts (ERGA'S). The Tr115tees liave creaied a separate 'Conlinseiic)' Fund ond Ii'aiisfeiyed £46X.947 iii 2019 ID alloNv ease of ieportii)g 011 Iheir use aiid io ensui'e fuiids 11 re Iiiili5ed in acLordaii¢¢ ¥viili Ilie agreeiiiei)1s. Aiiy fufuiE rcceipls froii) Il)eiii Ivill be added to Iliis fviid wliicli tss ai 30 Juli¢ 20?4 liad a valiie or £851.22512023.. £80?.2431. PblIC ben*flt 'nie Trusiees Iiave refei'red lo tlie guidaiice coiiiaiiied iii the Cliariiy Cos11111i5$ioii s geiiei'al giiidaiice 011 piiblic beiiefit, and in p¥rticiilar Ilie guidaiice oli cliarilies lor Ilie ad%'ai)ceiiienl af religioii, Ivhen revic%Yiiig Ilic Cl)Iril) s oiiii$ and objectives aiid in planniiib future activities and de¢idinbJ on Ihe gr8nis foi. Ihe }ear. The Objectives nild A¢livili¢5 section of tl)e report provides a brief suiiiiiiary of aciivilies uiidertakei). GrnntmAkin% Tlie inistccs i)iade gr811ts io Beiiediciiiie ii)51ilulioiis to funlier ciiabl¢ Ili¢iii io proiiioie tlie Catl)olic fdiili aiid supporl Ilie Bciie(lictliie Order. Fiill deiails of grmnis i)i&d¢ diirini? Ihe y¢ar are givLii iii nol¢ .5 to the account5. Page 2
TFIE F()UNDATION OF ST BEliEDIC.T OF TrURSI
RF,PORI' C.)F T11. I'RIISTI.'b:S
lor the year encleil 311 Junc 2024
TrINAN'CIAI., RE.lE.w
Finfineiiil rei'i¢H' Iiid reserves policy
Tlic Tr1151¢cs do 1101 stek (ts raise nioney froiii tlic geiieral piibli¢ since fili)diii is obiaiiied fiDni privaie doni( 11011
Raillboiies 11I2Ve beeii appoiiit¢d to 1i18iiagi¢ tlic accoiiiils aiid Iliese are splii as to a DisLretiOll,'1iy Fuild, iiiaiiaLyed ujidcr a
disCt'QlioiiJry 'igyreeii3eni with Raihboiies. l& Coiiliii&iciic>' fiiiid LDntallllllb ilie fL%iids r¥L¢iv¥d iiiidef ilie ERGA-S
Iiieiitiuiied above uiid ¥iiaiJJbiLd b) Ra(libunes uiider a disireii<)IlillJ iiiaiiLl<ll¢ Aiid fiiially d iion-(li%L'I'e(ioiiaiy i)o¢ili)liil
11)
INDEPENDENT EXAfvllNLR'S REPORT TO THE TRUSTEES OF THE FOUND.4TION OF ST BENEDICT OF PILRSIA Independent e%aminer'5 report Iv th¢ Iru5tee5 0( The Foiindation ofst lJenedi¢l tsl Nursia I report lo tlie Lliaril), tnisiees 011 ii)y exAniinaTioii of the aecouiits of Tlie Foundatith) of Si BLiiedicl of Nursia {Ilie Trust) lor ihe y¢ar ended 30 Julie 2024. Responsibilities ancl bil $15 of report A5 tlie charity triistecg of tlie Tnjsl you are respoi)sible for ilie preparaiion o( tlie accoiinls im a¢¢ordaii¢e ¥Yiih Ilie reouirenieiits of117e CltrJili¢5 Act 2011 I'tlie Aci.). l Tepon in respect of ii)y e¥aniiiialion of the Trns1'5 a¢eounLs carried oul under Seciion 145 of tl)e Act and iii caryiiig out niy e¥aniin2tioii I have folloived all applicabl¢ Direc110115 giiv¢iI b), the Chai'iry Coiiiiiiissioi) 1511der Seclioii 14515Mb) of Ilie Act. Independent e%AmiDer's st%tement liave coinplered iiiy cxamiiialio¢). I coiifirm thai 110 material illatters have coiiie to my atteiilioii iii coiiiiectioii willi Ihe exan)inalion givii?g me caiise to believe that in any Inat¢rial respecl.. accouiitiiig rccords ivere Iioi kept iii respect of Ilie Trn5t as required by Seciioi) 130 of11ie ALI. tlie accouiils do iioi a¢coi'd Ivitli iliose records; or Ihe accoiints do not coniply ivitl) Ihe applicable reqiiirenieiits conL¥rning Ilie foriii and coni¢nl of a¢coiinlS set oiir in tlie Charities (Accoiiiiis aiid Reportsl Regula11•75 2008 orliei. Iliaii ai)y rcquii'e111eni tliai 1Sie ac£ouiits give a true aiid fair view wlitcli is Iiol d Triatler L0115idered as pail of ali iiidepei)deiit exan)iiiaiitsii. I liav¢ no conc¥rns and liave coiiie across iio oih¢T mnrtcrs in coiineclion wilh Ihe ¢xAinin81ion lo whic5) atteniion should be draivi) iii tliis repon iii ord¢i' io ¢i)able a proper uiider51llnding of (lie hc¢ouiiIs lo be reaclied. Paul Alluii Bsoc S¢ Tlie Iiisliliite of Cl)arlered Accountaiili iii Li?glaiid and M'al45 Berring7ers LLP C'liartered Accoiiiilaiils Lygoii House .50 l.ondon Road Biomley Kei11 BRI 3RA Dale", CIL Poge 4
I'HE fouNDATION OF S'I" BENEDicror NURSIA 51'.4T&,MTr:N-I' ()F FINAN(.'I.ALJ IICTIVI'I'II-S ror the tn(led 3U.liine 2024 Uiiresli icied Pqilendi'iai Unrestricted fiind Uiir¢slricied I dill Fiind Niiies INCOfvIE,IND ENI'DOII'.[ENTS FR()h.I DLiiialioi)s thiid legyacies 142,957 Inveslinei)l iiicoi)ie 82,709 11,773 TibiAI 22.f.666 1,773 E.XPEN'DITURE O 26,433 4,061 Charitable aciiviiiv %uppuil iosls Gr8iils Jo,040 411,891 31J.767 445,992 Nei g?aii)s oil iiivesiiii¢ii15 16S,984 NTr.'r INC:OMb:/(b:XPEliDI'I'UREI I'riin8ftrs l)el.on funds Oihei. rccvgiiise(l #ainJlllyisLPy 317.099 1240,000 141? 1)671 240,00 232.420 28,709 el imtsweniiii lil fuiids 299,519 (134.28) RLC.'ONC..'II.IA'I'I()P*' ()fr' I"IINI>,S <)Iiil fiiiids broLiglii foriv(Ird 4,393.944 742.107 i'o'rAL FUNDS CARRIED FORIVARD ,1.69J.4(13 607,849 -rii¢ iiotes fonj) part of Iliese fillaiicial siateiii¢iils Page S
THE FOUNDATION OF S'I. BEYEDicf OF NURSIA STATEfvIENT OF FINANCIAL ACTINlI"fiES for the year ended 30 June 2024 2Q24 2023 Restricted Contingency Fuiid TotAI funds Total fuiids Notes INCOlE AND END01Vl£Ts FRONI Doiiatioiis aiid legocies 142,957 166,094 IiivesinieElI Iiiconie I,IM8 82,899 TotAI 1,048 238,487 248,993 EYPF.NDITURE ON Raisiiig flind5 4,958 C.'haritAblo activitles Siipport cosis Graiils 47 J91 442.658 30.16? 119.696 To¢91 425,501 184.496 Nel gai11s1{1055esl oil inN'estTiiciIIs 93 187 J29 172,$9Q I NE'f iNCOMEI{EXPENDITURL) (J,817} 199,685) (8,0931 Trnnsfers betw'een funds Otlier recognised gAin811105se5) iiailiS,'Ilosscsl on rcvaliiLltion of fixed a55cIs 13 52,799 313,928 .13.1971 Nel movemenl in (und$ 48,982 214,243 141,290) RF.CONCILIATION OF FUNDS Toial fiinds broiigl)t for¥vard 802343 5,938,294 5,979..584 TOTAL FUNDS CARRIED FORII'ARD 851.225 6.152,537 5,438 194 Tl)e Iiotes foiiii part of tliese fiiiaiicial stateineiits Page 6
TIII FOllh'l)Al ION, or s'i. BENCDI(."I' Ob NURSIA BALANCE SIIEET 311.lune 2024 UiirestricT¢d Uni'esiricled fiind Uni'estricted I lain Ftind Iiiiid Not¥s IXLD IlSSEI"S Iiivcsin)eiils 3,788,327 473.784 Cb'RREIlT ASSF.I'S Debii)rs Casli dl baiik 10 13,(18 123,67.5 9.58.479 9.58,47 137,35.4 CREDITORS Anioiislts falliiig diie •111111 OliL VC<ir [$3 J43) {3,290) yr.'r CURRENT ASSETS 90S.IJti 134.06.S I'OTAL .4SSETS LESS C.'URRI-. N'T LIABILITIES 4,69J.463 607,841) 4,693,463 O'U7,84)1 Tl)e iioies foi'iii pan ofil)ese fiiiaiiciol siaiciiieiiis Page 7 continued...
TIIE FOUNDATION OF ST BENEDICT OF NiiRSIA B2lLANCE SHEET- iontinued 30 June 2024 2024 Restricted Coniingti)ey FLINd Tot741 fun(Is Toial fuiids Notes FIXED ASSEI'S 4,104,619 4,411,718 CUKREfiT ASSETS Debtors Cash ai bank 10 13.680 1,090,871 8,717 1,576,880 8,717 ,104.551 1,.576,%XII CREDITORS Amounts filling due within one yeai. {$6.633) 150..?04) NET CIIRRTr.N-r ASSETS 8,717 1,047.918 1.526.576 TOT.4L ASSETS LESS CURRENT LIABILITIES 8$1,225 6,112.537 5,938.294 NET ASSETS 8$1.125 6,1fj2,$37 5,()3¥,294 FUNDS Unr¢siricied tiiiids.. Paleiidria Fiiiid Maiii Fiind 13 607,849 4,693,403 742,107 4.AQ.) 1)44 .S,301,312 5,136.1151 Re$iri¢ied fiiiids.. Coiilingei)cy Fiind 851,225 802.243 TOTAL FUNDS 6.152,%37 5.91¥.294 ancial 'ere approved b), lh¢ Board ot. Ti'iisiees and aiillioiised for issue aiid ivej'e sigiied oli its helialf h).. on clifoucalild - Trnslee Tl)e iiotes fori)) part of ilie5E liiiancial siai¢iiienis P1¢ 8
TIIE FOUP4DATION OF ST BLNEDICT OF NURSIA NOTES TO THE FINANCIAL STATEINIENTS for tlio yexr endeil 3U Jtine 2024 ACCOIINTIPI'G POLICIES BAsi5 of prti)Jring ihe fiiiancial 5tAlemoiits Tl)e lii)ai)cial sia1eitteiits ol. Ilie el)I1'ity. Ivliicli is Pliblic beiiefil eiilitv uiider FRS 102, 1)ave beeii prep&ied iii 1c¢ordance M'itli Ilie ChJi'ltlLS SORP Il-- RS 10?) '.cco1[lli1jb Eiiid R¢p()tlin" bv Clidrilt¢%-. S(alviiieni or ReL¢>ninieiided PrucliLe applicable 10 cl)ai ilies pi¢pariii¥ Ilieir accoiiiits 111 IlLLOI'daiiee ivi¢l) Ilic FiiiAlliial Rei)oniiig Siaiidard ai)pliLalile iii Ilie UK aiid Republic of Irelaiid IFRS 10?) leffeciive l Jaiiiiary -Illl¢ iILial Repoi1iiig Siaiidard 102 -1-Iie Fiiiai)cial KepL)niiig Siaiid¢ll'd appliLable ii) Ilie UK aiid Repiiblic of Iri.land' aiid ilie ( liariiies il¢1 ?01 l. 'I'li¥ finwiLiJI %lateiiieiiig hai'e beeii PTep4lred iiiidei. tl)c historical cost coiiweiilioii. ¥Yirli Ilic c¥¢LI)lii)ii of i1)ll*l1tIlLS %vI)ieh re inLILided al ii)ai'kel vllliie. as Iiiodilied by ilie r¢valuaiii)ii <)f ¢¢iYaiii ass¢i%. 0191,, Inc oni¢ Volviilary iiicoiiie l)d iiivesiii)ei)l ii)coi))e are ÉlL¢()Iiiii¢d 01) il rec¢iviibl¢ basis. Resoiirces expen(l¢d F.xpciidiliirc is aLLouiiled loi. oil ali accrLials basis. Doilaiioiis 3LL Itcvrded ivliepi Ilie trLisiees I)ae iiiadr tli¢ d¢cisioii io pay Il)ei)I, Liiiless il)c doiiaiioiis are subjeci ro cDI)diliui)s beiii&, fiillilled. Al l adiiiii)isii aiiui) ci?si$ Iirc now cliai'iliible expeiidiliii'e. Tr..%peii(liliire l.i8hiliiies are rccogiiised os expLiidiiui'e as soon as Illcii is a l¢¥ial or coiisirii¢tive obli¥aiion ¢oii)l)iiiling Ilie ¢liai'its' lo Ihal e.Ki)eiiditiii'e, it is pitil)iryble tliRI a Ii'E4nsfci' of cL'ononii¢ bei)efits will be rtqiiii'cd IN s¢iileiiieiil ai)d Ilie aiiiouiii ol. (lic oblibialioii Laii b¢ 117L'asiirLd reliablv. ExpeiidiiiiTe is aecoiii)ied for oil ali ii¢cfLial4 ba51.% Aiid lias beeii classified iii)dei' l)eadiiigE Ilini ¢7 gregile ¢ill cost relai¢d lo Ilic caEcLiory. IVIILI'e LOSIS eilllllot bc dircL'IIJ' IL'SIIIIIL¥5, Ciidi)Is iil'fered 511bj¢LI 10 eoiirjiiioiis H,l)icli liavc I[ beeii ITiei ai ilie ) ear eiid dale al'e i)oi¢'d ds a c(>ii)i))iiiiieiil bill iiol aLLI'tie(105 eypeiidiliire. Txxalitsn Fiiiid Hccounling Uiir¢slri¢lcd Imaiii f4111d5 aiid Uiires11'iclcd P41lci)di'iai fuiid5 ar¥ tliose ii,l?icli i< re Lised for IIIL gciienl advaiiLeiiieilt c)f tliL C1147rils's ubjeeiive vai-ious Lxp¢iiditiiit Respuiisibiliiy Gi"iinl AkiiL¥n7Lllts ILIIG.4'$1. Foreign curren¢ie5 As5eis and liabilities in foitign ciirreiicies are ¢riinslaied inio slci'liiibj at il)c raic5 of cxcli¢illLle llilji)gi ai Ihe baloiicc sl)eel dalc. Tra115ilCtioiis ii) foreigji) curr¢iicies are trai)51aled iiiln slerliitg at tlic ratL of cNcliaii¥e riiliiig at ilie dAie of Irthiisaciini). E.xeliai)g7e dineiciiccs ari iakeii iiiio accouiii ii) ¢lrriviiig ai ihe operutlllLi rcsiilt. All ilie trnns0eiioiis aii(I foi'eitsii ciirrencv b4ink accoiints have been reported iii Poiind Siei'liiiL ciirr¢iiiy. The i'ial. eiid raie prevJiliiibF 01) Ili¢ balilllC¢ sli¢el dale iv2s £1.. IJSSI.2G42. £1.. Iiiro 61.17Q6. LI.. AUSI.8429 aiid £1 CHk11364. Tlie cll'erage foi'eiDlI elcliaiige rai¢ lor ilie peiiod iva5 £1.. USSI.2i91. £1: l-.liro El.1641 £1 AUSI.921?aiid£l: cfriri.1170. In%'es11?benls l)IvestiiieJils al'e stated al niarkel valiiL dl tlie l)4il£lllLC sl)eel dale. The Sic11enieiil ol- Fiii<liicial Acrivities iiicludes C¥l)ing cibiicern Thcsr fiiian¢ial siat¢iii¢i)Is are prepar¢d on thc &ioing ¢onc¢ni basi5. Tlie Trllstees have re2£ soiiable exi?¢Llution Iliat Ihe Cliaiily iyill coi)iilliit iii opti'aiioiial exisience loi. Ilie for¢seeable fiilult. coiitii)ued.
THE FOUNDATION OF ST BENEDICTOF NURSIA NOTES TO THE FINANCIAL STATEIMENTS- conlinutd for the yer ended JO June 2024 DON.4TION'S AND LEGACIES 2024 St Beiiedicr of Niirsia Foundation IUSI 142,957 166,094 Dliring the year. donalith) of £142,9.57 ikas iectived froni a US Foiindalion. Saini Benedicl of Nliisia Fouiidalion. Accordiiig to ihe ERGA. doiiaiioii should be uled 501¢ly ai)d exCI51velY for Ili¢ beii¢fil of Ilie Bei)edicfine Coniniui)iry of ilie Abbaye Saiiit-Pierre de Sole5111e&. INVESTMENT INCOME 2024 202) IILonie froni iiii'estn)ei)ts Deposil ac¢oLiiII inierest 55.388 27.511 24,076 82.899 IiAISING FUND5 Ralsing donillons le%thcies 2U24 2023 R81hbon¢s niana&Jen)¢ni fr¢s 3.5,4.$1 34,6.38 G114NTS PAYABLE 2024 Siipport ci)sis Ciraiils 17,242 442,6S¥ 119,696 4.59,900 119.6()6 Tl)e roial graiiis paid io ii)511111tions diiriiig Ilie ycai. was ns folloiv5: 2024 Aid to Ille Chiirch in Need Caniiclites of lioiiayai)I, Kcrala Mis¥ions Africairies DfA DistriLI en fonii£ilion Quarr Abbey Friends of Solesmes Oiir I,adv ofivnlsliiib&yliai Grlliid Serniiiaire De Bonit Paleiidi'iai LituaiiialPaleiidriii sv. Bei)edikio vienuolyi)asl Abbayc Sie ,4iiiie de Kcrgonaii lission-Etrangeres Hong Kong Si Josepli de Seguey 3,000 26,074 24,320 90,000 40.648 8,000 2,000 13,037 12,883 206,133 2,607 8.691 27 85089 4$9,900 Paue 10 oiitiiiued...
THE FOUNDA"I'10S' OF ST BEN'EDlC'f OF NURSII ryOTES TO THE FIYI ANCIAL STATEINIENTS- continued for the ye4ir endt(130 Jiine 2024 SIIPPORT COS15 Goverilanee iosls Fiiiaiice Slipp011 ¢OSIS 125 30,024 3Q,149 8iippoi1 LOSIS. 151¢ILided iii Ilie abovt,, arc as folloii's.. Fiiiance 2Q24 Siippoil costs 'rotiil aciiviiies Bai)k cliai¥os 11)2 CvOI'¢rii.iiiee costs 2024 Siipport LQSIS 'rol1i1 Independeni ¢Ai211)iiiaiion Legal &. piDlessioiial feL'S .4ccoiiiilaiicJ fees 21,69 7.030 7,150 30,V24 29,970 I"RU&4I'fr:LS' REIlIN};Re&1'1oN IIND BENEI,'I'I'S -i0 Jiiiic 2024 1101. for tlir >'¥l11' ¢i)d¢(I .10 Jiiiit 2D?3. Triistcts, exi?¢11sCS Tliere li erL lio ti'iislees, cxp¢ns¥S piiid l()¥ Ili¢ >cai' cndcd JO JiiiiL 20?4 noi. f()r Ili¢ yL'ill' ciidLd io Jiiiie 20? 1 ("OMPARATII'ES FOR THE Sl'plTEi¥IENT OF FINAP4CIAL ACTIVITILS Ui)resiri¢iLd Palci)di'iai Resiri¢ied Coi)liiigii'iicy UIii'Lsii'icted Uni'esii'ici¢d lolal INCOhlE AN'D EPIDOWMKNTS FROIM Doiilliioiis aiid Ic2acics 160.094 166,OL)4 7.1.271 11.4(?7 8?,899 -rotAI 2J9,i65 8.567 1.061 !48,99J EIPEIN'DITURF. Oh, RaisiiiL Iiinds 2£.965 3.607 )4,(1.18 CharitAble i¢tiVilies SLipporF costs Graslls 119.696 119,696 Page 11
THE FOUNDATION OF sr BENEDicf OF NURSIA NOTES TO THE FINANCIAL STATEMENTS- continued for the yeA)r ended 30 June 2024 COMPAR.4TII'ES FOR THE STATEMENT OF FINANCIAL ACTII'ITIES- continued Unrestri¢ied Restricled Paleiidriai Coiitii)geiicy Fui)d Fuiid Uhresiriaed fuiid liiiresiricied Nfflaiii Fuiid Tolal Tot*1 175,82.1 3,607 5,066 184,496 Nel (Tai114 Ilussesl oil {6.3,?74) 18,657) 1659} (72,590) INCOMEI(EXPENDII"URE) Other recognised %'Ain$llltsssts) Gaias/llossesl oli r¢v8liiaiioii of fixed assets 268 13.6971 4,664) 18.0931 1.86? 13),941) 7).1971 Net moveDient in fiiiids 14.8151 118,6051 {41.2901 RICONCILIATION OF FUNDS Toial fut)ds broiigl)I fonvard 4.391.814 746.Q2? 840,848 5.979,584 TOTAL FUIYDS CARRIED FORWAIiD 4,393,944 742,107 802,241 5.9i8.294 FIIED ASSET IN'VCSTMF.NTS Listed MARKF.T I'AI.IIfr: At l Jvly 202.1 Additions Disposals Revaliiations 4,411,718 2,466,486 {2,264,999) 491.414 At 30 Jiiiie 2024 5,104.619 NET BOOli IIALUE AI 30 Jiiiie 2024 S,104ffj19 At.10 Jiine 202.3 4.411,718 Page 12 coiilii)ucd...
'I'FIE F'OUNDATION OF S-I. BENKDICY OF N'URSIA NOTES TO T14E FIN'ANI.'I.4L STATEMENTS- coiitinued for the year endf (130 June 2U24 FIXTr-D ASSLI. IP*'VESI-MLryTS- toniinued C05101' valui% tioi) ai 30 JIii)¥ ?0?4 is rcprcset)ied bs.. Lisl¢(I itJi'e$inienls ValLiaiioii iii 2024 )69,731 4,S34.888 5,104.619 Net Gis ills (Losscsl Ballinrc 30 June 2024 Jul }' 2073 Plircliases al LOSI Disposals Maiii Fiind Paleiidi'iai Fiiiid CDnlinsTL'lIL) Fiind .),10),97) S18,037 789.709 ? lQ4,418 272.068 1,900.904 364,095 J90.841 47,77..1 52.799 3.788J27 473,784 842,$08 4,411,718 2,466,486 2,264,999 491,414 5.104,619 IiiwtSlii)ciilS ait iiioiioyed hy IJK fuiicl Ilidlidsier diid lir¢ CL)iiiprise ()f.. 2024 UK EqLiiiies UK Scciii'ilies ()vcrs¢RS I qiiities Ovcrscas Sccuriiies 3.$0,373 53S,745 .166,451) 1117,8.>1 .111? 1 (tr7 1.825,259 3,054510 l otal iiiarket value fi130 Jiine 2024 5,104,619 4,411,711 10. DLBI'ORS: AfvIOUNTS FALLINC DIIE IIIITFIIN ONE YEiiR 2024 ?02.3 Oiliei. dLbÉor5 13,680 Page 13 ¢oi)iii)ued.,.
THE FOiiNDATION OF ST BENEDICT OF f4URSIA NOTES TOTIIE FINANCIAL STATEMENTS- eonlinved forthe yvarended 30 June 2024 CASH AT BANK 2024 Tokl fiinds 2023 Total fiinds Paleiidria Fund Conliii8eiicy Fund Majn Fiind Metro Ratlib017es capital Sierlii)g A¢coiints Railiboi)o5 capital Euro ae¢oiinls Railiboiies capil31 US$ Accoui)Is Railiboiies capital CHF Accounls Si¢rlin&T Accounts Railiboiie5 iiicoiiie- AUSS Accoiints Ruillbtyies iiicoiii¢ . Euro A¢¢oiiiits Railiboiies iiiconi¢- US$ Ac¢ouiits Ralliboi)es inconie- CHF Accouiils C Hoare & Cf) 1.864 i,6i I 6,7S6 IOJ87 55,618 77.869 133.487 105,469 53,247 608,365 8,717 670J29 1,198.182 742 -1.086 1.1.071 84.262 13,S13 87,348 13,247 87.$38 1,814 7.452 9.796 i74 7,738 8,112 4,878 134.398 139,276 107,958 285 16.914 3.468 17,199 3,468 1.691 Tota 123.67$ 958,479 8,717 1,090,871 I,S76,88() 12. CREDITORS.. AfvIOUNTS FALLING DUE WITHIN QNE )'EAR 2024 ?0?3 Oilier ¢redil(Y'S 50,304 13. MOVEMENT IN FIINDS Nei Traiisfers between fuiid5 Al 1.7.23 30,6.24 nrestricted fund¥ Paleiidriu Fuiid Maiii Fliiid 742,107 4,393,944 L384,258) 549.S19 250,OIJO (250,1100) 607049 4,693,463 5.136.051 165,261 S,JQlJ12 lieslricte¢l funds Coiitiiigeiicy Fui)d 802,243 48,982 851,22S TOTAL FUNDS S.938,294 214,243 6,152,$37 Pag¢ 14 oiiliiiurd...
THE FOiiNDATION OF ST BENEDicf OF N'URSIA NOTESTO T14E fiNANCIAL STATENIEf+iTS- £ontÉnue(I ihe vexr ende4130 June 2024 13. MOI'ElI'lF,NT IN FIIN'I)4- rontinued Nei Inoveii)ei)t iii ftiiid5. ii)cliided lil tlie abL)i'¢ are as folloivs.. Incoiniiig i*soiii'Les Resouice5 xpentled Gaiiis qi)d lo%ses Moi'e131enL Uiirestricled funds Paleiidria FLllid Mail) FLind 11,77J 22.&666 {44.5,492) (74,SS11 49,961 J48,4114 (384,2$8) 49,519 237,439 (420,$43 } 448,3115 165,261 Restritted fiJTrils 1,048 14,958) 48,982 TOTAL FUNDS 238,487 (525,$01) qU1,2$7 214.243 ComiJ#rMtives fur mi)veIneiil iii fuiids Ncl Al Al 1.732 Uiircsliicled fuii(ls P11 leiidi'ia Fiind fvlaiii Fiind 746 1)22 4.31)1.814 14.81.51 74? 107 5,118,716 {2,6851 1,136,051 Resti'icteil fun(ls 840.84¥ 138,6051 80?.24.1 TOTAL FUNDS i,979,584 141,290 5.938.?94 Coiiip41rati%c nct iiioveineiil iii fiiiids. iiicliided in tlie li bove ale as folloivs.. Re5011rceg expi'ndLd 94 1115 aiid J D¥'eiiiciil in I'uiids rLSULifw¥5 Uiire51ricted fuiids Paleiidria Fui)d Maiii l--Iind 8.$67 2i9,-165 (3,6071 {175,%2J) 19.775 161,41?) 14,8151 1179,4iO I 12,681 } R¢51rirled funds Coi)riiigei)c!' FLiiid 1,061 15.0661 (J4.6001 (J8.6051 TOT.4L FliNDS 148 1)l).I I l L14,41)6) 110S.7871 {41 ?90) Page 15
THE FOUNDATION OF ST BENEDICT OF NURSJA NOTES TOTHE FINANCIAL sfATEMENTS- contiiiued for Ihe yeAr ended 30 Jyne 2024 14. RELATED PARTY DISCLOSVRES Durii)g tl)e )"ear £21.624 {(2023.. £21,690) was paid lo Charles Ruwll Speeclilys. Oiie of Il)e Tnisrees. Siinoii Ih'eil is a P4irri)er of rlie firni. ather creditors incliide &moiirtts of £4.697 1202)-. £4.697) diie lo the ¢harifv Oiir Lady of Good Help Foundation iEi ivlii¢li InKslees of Illi5 ¢liarity awe also tlie Eru5lees. ft5. ANALYSIS OF NET ASSETS BETWEEN Fuf4DS Fuiid balaiiLes al 30 Julie 2024 are rcpreseiiied by.. Uiireslricled Maiii Fuiid lJi)resli'icted Paleiidriai Fuiid Resiri¢i¢d Coiilingei)c)' 2024 1iive5tnients Cun'ent ilS5eis cu¢111 liabilities 3,788,327 958,479 (36,101) 473,784 137J55 (3,290) 842J08 8,717 5,104.619 1,104,5$1 (39 J91) 4.411,718 1,576.880 150,3041 Total net assets 4,710,705 607I49 851225 6,169,779 5,938,294 Page 16
I"HE FOUP*'DAI"IQN OF ST BENEDICT OF NURSIA DET,IILED STATETrIEIYT OF FINAN'CIAI. AC'.TIIIII'IF.S for tlie yeAr endeil 311 Jun¥ 2024 20)4 IN'COlvE frlYD ENDOIIIfvILN-rs Doi)A(ioiis leEaL'ies Si B¢iiediLt ol'Niirsia FoLlI)datioii IUSI 142,947 166,094 Ini'eslment incom 71,4.$4 24.U76 Dcposit ac¢oiiiit iiitei'¢s1 Totnl ii)comi1ig rt$t)lii-CCS 238.487 248.99:, E.NI'ENDI-I'IIKE Riiisin% (liiiiations Iin<l lexmcii's R&iliboiies 117aiiugeiiiei)I fce5 CIIA ritxble Actii'ilies 459,900 119,696 Sui)port cijsls Finfince Govei'iilliice costs ,2.40 21,624 Legal & pYofessi01181 fees AccoLltiiaii¢y fe¢s 21.690 7.0.30 30,024 29.970 'rTrial rcs()Iirces cxi?ci)dcd .5?5.$01 184,496 Net (expenditurrlliiiconit before gRins 1055¢$ (287,0141 64.497 Realls¢d recogni5e(I gains xnd105%CS Realised fTains.Ilossesl 01) fiAcd a5sel iiives11)ieiils Foreigii eNcliaiige qai115 Ilossesl 177.486 9,843 7,497 180.0871 el expeTI(litvre {99,685) {8.11931 Tliis page does no( foriii part of rhe statLilory financial statements Page 17