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 sTATE￿IENTs
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 R￿litoUC￿ulll
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
[c4￿17RD
RLGigrERLD CHARITI.
NUMBER
1077017
Ih'DF.PF.NDF.lii' r.￿A￿11Nr,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 Ti￿St¢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 Ni1￿1& 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.
P￿blIC 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 Tr*URSI
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)<llliiLNed by RLiiliboiies 01) execiiiioi) 01)ly basis.
I'1)e Ti'ii%tees fiilii lo Iraiisfct. all ol. Ilie fiii)d5 to fJi5cr¢t10I11ri'
li'LiiTee% i-evie%v tlieii- investnienls .Iiid iiivestiticnt Piilicyl l I C41ch iTriLclinL I'lie Cl)arity r)CLd Loiifers oil IIIL TI'1151cL's ven
vide p()Ivei s uf iiiveiiiiiei)i.
EiitDs. AIisiiali?I n dolli?rs, Sli'iss fi'aiics iiiid US dollai'sl.
One d01111i011 Iyli s rec¢iveil iii ih¢ ) eKlI' iolmlliiiL) £142 ()57 (20?"J'. oiie do)iiation £166.094}. d4 dL(ailed iii noi¢
()11 pagic
l O of Iliese hLCOlllllS Ivitll fiiitlier dctails of111¢5L. fLiiid5 aiid Iioiv IIICY illE Iield gliV¢li above iii -Obj¥iiii'¢s (Iiid .4LLiviiies'
Ii)Loiii¢ ui'isii?g durii)&i Ilie yeai. aiiioiii)tLd lo £?38,487 1?02i-. £248,99.3 i. Tlie Trust¢LS iioriiiall), aiiii Ici speiid Ilie iiicoiii¢
tsi'isiiig in an) oiie > ear willi Aiiy siirpliis l?Cillgi Cl¢ I'ried forwai'd to the i)exi ycAI'.
(.'nsis nf iiiaii.Igciiittiil aiiil adiiiiiii811.ry¢ lii)11 f)f Ili¢ Cliarirv a1)ioiiiired to L.30,149, 1 ?0?"
£ JO,16?I, TIIc8e Li)419 ii)cl(Ide tlic
le<?al fcLS of c.'lizirle5 R1155cI Spccclil) s M,Iio carried nul Ille Ilic adiiiiiii51raiioii clui'iiibj Ilie } eilr. Tlie I'riistee% coiiiiiiiic lo
li¢ll'C iiidcpciid¢nl ¢X11 nlillilli(11? CQSls.
Investmeni pow'er.￿. Iifiliry anil i)èYforniin¢e
I"he iliVL'sfniLiII siralegs is sel oiil by Illi Iriiblecs. 011 Il)c bisis Iliai thc priinary objeilive is il bli laiiced p)11folio siibjc'ci
lo a nicdiiiin de4rree of I'isk aii<l liikes inl(i HLLuiiiit Ilie e.%p¢Lle(I dvii)niid foi. fuiids 4111(I tliL' I'e4uiI-eiiieiii 10 niHiiildiii tin
deqLi8le balaiiLv beilvceii Lapilal groi¥'ili aiid illLOlliL. Tlie Ii'ustels Iiave Llloseii IILII lo adopi fL)1'1)iJl etliiLal iiivestii)eiil
poliLi¢s. 'Ilie iriisiei'5 $1111) lii fiiiid d(Ill¢lli(>i)s froiii iiiec)Iiie geiieral¢d aiid pieseiTre capiial loi. Ilie fiiiiiie.
.Si'l'RUL'I'IIRE, ('UIII,.'RNANCL AN[) MIlNAGLfvILNI'
Governing (Jocum¢nl
'rhc cliai'ity is ¢oi)tiDIILd kly 1¢% g<iv¢i'nii)iJ doLLiiiILnl, 11 (leLd of IrLlS1 and COliSliliilLS ali 111111)carpoi'ated cliai'il)
DLed (Idled JO Julie 1999 L'Sliil)lislied tlie Cliai'ily. Triislee8 are app()iiiied b) resoliiiioii of Ilie TrJsiccs iii accoi'd491)ie
i11511.iiiiiciil. P4151 ilLioiiiils ai)d giiiijaiiLL booklLlS pi.ovidi￿ by IliL Cli*iril> Cuiiiiiiissiuii. No s1)eLi411 skills *lli r(yiiirLd ds
tlie Cliarily dv¢s Iiui delivci. services.
Risk- IllAiIAgeni¢nl
Il)al. uiid¢r ii()rnial i(Iiidili()11s, Ivill alli)w iliese I'i.%ks to be ii)iligilled 10 ali acceptabl¥ Icvcl iii ils dily-to.da)' nperali(Iiis
Ai)pi'uv¢d by ol'der of ilie board i)fiYiisiee$ 01
oclifoui&iil<l - Trustee
Page 3

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 imtsweni*iii lil fuiids
299,519
(134.2*8)
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
INCO￿lE AND END01V￿l£￿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 ￿•11￿1111 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
P￿1¢ 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*l￿1tIlLS %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)a￿e 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 ye￿r 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 exCI￿51velY 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' RE￿IlIN};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'COl￿vE 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