Charity registration number 1083419 (England and Walesl
Charity registration number SC038552 {Scotland)
Company regtstration number 04010393 (England and Wales)
THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Directo
Fra Julian Chadwick
Rev John Emerson
Mr Richard Cameron
Mr Peter Sefton-IMlliams
Mr Christopher Akèrs
Rev Brendan Gerard
Ms Miriam Murphy
(Appointed 25 March 2024)
Secretary
Mr Richard Cameron
Charity number (England and Wales)
1083419
Charity number (S¢otland}
SC038552
Company number
04010393
Registered office
St. John Fisher House
17 Eastem Avenue
Reading
England
RG15RY
Independent examiner
Johnston Smillie Ltd
5 South Gyle Crescent Lane
Edinburgh
EH12 9EG

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Directors report
Independent examinefs report
Statement of financial activities
Balance sheet
N(>tes to the financial statements
7-14

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The Directors (who are also trustees of the charity for the wrposes of charity law) p￿sent their report and
financial ststements for the year ended 30 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial stateménts and comply with the charity's Articles of Association, the Companies Act 2006, the Charities
and Trustee Investrtient (S¢otlandl Act 2005, the Charities Accounts (Scotland) Regulab'ons 20061as amended),
the Charities Act 2011 and "Accounting and Reporting by Charities. Slatsmenl of Recommended Practice
applicable to charities preparing their accounts in accordance wtth the Financial Reports'ng Standard applicable in
thé UK and Republic of Ireland IFRS 102)" (effective 1 January 2019).
Objectives and activities
The charity's object is the advancement of the Roman Catholic Faith. Currently, the Charity supports the Roman
Catholic Society called the Priestly Fratemty of St Peter {°the Fratemity) in its work in the United Kingdom,
although there is no direct obligation to do so. The core work of the ¢harity is the support of the mission of Father
John Emerson and Father Brendan Gerard in the Aichdiocese of St Andrews and Edinburgh and the
Maintenan￿ of the Fraternity's house in tha city of Edinburgh. Since the English and Scottish districts of the
Fraternity were separated, the charity has concentrated its efft>rts entirely on supporting the work of Fr Emerson
and Fr Gerard in Edinburgh, and the Fraternity does not expect any support or subventÈons from the charity for
its work in Reading or elsewhere in either England or Wales.
Achievements and performance
When planning our activities for the year, the directors have continued to consider the Commission's guidance on
public benefit and, in parttcular, the specific guidance on charities for the advancement of religion. All of our
charitable activities described below are undertaken to ftjrther our charitable purposes for the public benefit.
The ¢harity provides for the upkeep of 6 and SB Belford Park {6B being the rentsl propety}. which is its principal
asset. This property is bolh a residenc8 for the priests of the Fraternity work¢ng in Scotland, and a public chapel.
The priests of the Fratemity (in this case Fr Brendan Gerard and Fr John Emerson} provide Mass and the other
sacraments of the Roman Catholic Churth according lo the s¢>called Extraordinary Fomi. the rite of 1962, and in
the Latin language. Catholics who wish to attend Mass and to receive sacraments in this form must,
practically speaking, seek out a priest trained in these rites. Fr Gerard and Fr Emerson are the only priests in the
Archdiocese of St Andrews and Edinburgh who are authorised to use these rites exclusively.
There are no venues in Scotland outside of Edinburgh sewved habitually by the Fratsrnity.
Sunday Mass at St Andrews church, Ravelston, and the daily scheduled Mass in the house chapel at 6 Belford
Park are always open to all. Attendance at Sunday Mass is usualty in the range of 80 to 110. Other sacraments
are Celebrated in the church and the house chapel.
Be￿een 1 July 2023 and 30 June 2024 there W￿re..
5 baptisms-
4 confirmations-
1 maniage preparation (but the actual wedding took place in Glasgow).
Thè drawing r¢)om and Ihe dining room continue lo be used for the religious instruction of individuals or small
groups, and for receptions of various kinds. A literature reading group is now regularly hosted in the dining room.
Collections now typically bring in £350 to £450 a week, a rise from last year. despite the fact that the members of
the congregation are themselves increasingly affected by high energy costs and inflation.
The attic flat {6B Belford Park) and the two other flats bought by the charity in 2020 continue to provide a steady
income of typically £2,650 per month. Costs of upkeep and repair of all three fiats have been minimal.

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS REPORT
FOR THE YEAR ENDED 30 JUNE 2024
Financial review
Reser¥es Policy
The charity's principal asset is 6 Bèlford Park, Edinburgh. Thè ¢hanty runs on modest incoming resour¢es and
strives to conduct its activitles within the constraint of limited incoming resources whist exploring Other
fundraising opportunities as they arise. Temporary surpluses of funds are held in a suitable interest bearing bank
account.
Total funds held at 30 June 2024 amounted to £1,140,797 {2023'. £1,104,946) wilh £538,175 {2023'. £544,923)
being held in a restricted fund. The restricted fund can only be realised if the property held in this fund is
disposed but Ihis is subject lo a condition th* it may not be disposed for at least 50 years from September 2002.
The totsl unrestricted reserves held at 30 June 2024 amount tr1 £602,622 (2023.. £560,023).
Plans for Future Periods
The 8nd of th& Covid crisis has led to a general improvement of the Charivs financial health. Weekly income
from collections has increased, as indicated above, and Quf monthly rent roll has increased in line with
govemment guiéelines to £2,650, 8 sum which is arouTid £500 above the monthly collection total. We keep this
nder constsnt control, and aFways in line with go¥emment guidelines.
On the other hand, the v&ry real rises in energy costs have already given rise to serious COn￿ms. 6 Belford Park
is an old house with very high ceilings. Our heating Costs were already considerable and have begun to rise to
alamiing levels, with the bill for the last three months of 2024 rising to over £2,000.The rental for St Andrews
Church has gone up by a modefate £10 for each use of the church complex. but this is nevertheless a fvrther
£50Ck£700 to be found each year.
The fabric of the property at 6 Belford Path has been checkeAJ for major areas of contsm, a Pro￿5$ which
continues. The stonework. which wè mentioned last year as a project to be attended to, was renewed at a cost
much lower than originally expected and was completed at a cost of around £11,000. The building projects for
the coming year include a renewal of the kitchen on the first floor, an expansion of the sacrtSty on the ground
floor. and work of a minor nature in the chapel. Only the first of these is expected to incur a fairly considernble
expense.
The Trustees are satisfied that the financial situation of the chartty is healthy, but are aware of the areas of
concern outlined above. The past year has clarified certain questions regarding the ongoing costs of running our
property, and in the year to come we plan to tske the aclÈons necessary to alleviate these concems as much as
possible.
Structure, govemance and management
The charity is a company limited by guarantee and governed by its memorandum and artides of association.
The management is caffied out enb'rely by Ihe Direclors, with thè assistance of thé Company Secretaries.
The Directors have reviewed the major risks to which the ¢harity is exposed and are satisfièd that they have
taken tho appropriate steps to minimise these risks.
The company has been granted charitable status and is exempt from taxation on its charitable income. The
company is not registsred for VAT.

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The Directors who served during the year and up to the date of signature of the financial statements were.
Fra Julian Chadwi¢k
Fra Duncan Gallie
Rev John Emerson
Mr Richard Cameron
Mr Peter Sefton-williams
Mr ChrislopherAkers
Rev Brendan Ger8rd
Ms Miftsm Murphy
(Re&gned 20 July 2024)
{App(xnt8d 25 March 2024)
New Directors may only be appointed on the recommendation of existing Directors.
Statement of Directors ￿ponsibilitIeS
Company Law requires the Directors to prepare financial statements for each financial year which giv& a true and
fair view of the stste of affairs of the charity and of the incoming resources and applicab.on of resources, including
the income and expenditure, of the charitable company for that yeaf.
In preparing these financial statements, the Directors are required to..
- selèct suitablè accaunting policies and then apply them consistenlEy'.
- obsetve the methods and prÉnciples in the ch8rits.es SORP,
- make judgements and estimates that are reasonable and prudent.,
- state whèther applicablè UK Accounting Standards have been followed. subject to any material departures
disclosed and 8xplained in the finan¢ial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charily will continue in operation.
The Directors are responsible for keeping adequate account.ro records that disclose with reasonable accuracy at
any *'me the financtal position of thè charity and enable them to ensure that the finanoal statements comply with
the Companies Act 20(b, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Ac¢ounts
(Scolandl Regulations 20tE (as amended), the Charities Act 2011, and the Ststement of Recommended
Practice Accounting and Reporting by Charities (FRS 102). They arè also responsible for safeguarding the
assets of the ¢harity and hence for taking reasonable steps for the prevention and d8tecknon of traud and other
irregularities.
This report has been prepared in a¢c¢rdan¢e with the provisions available to small companies under the
CompaniesAct 2006.
The Directors report was a
proved by the Board of Directors.
Rev Brendan Gerard
Director
Dated.. 18 March 2025

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF THE PRIESTLY FRATERNITY OF SAINT PETER
I report to the Directors on my examination of the financial statements of The Prieslly Fraternity of Saint Peter (the
charity) for the year ended 30 June 2024.
Responsibilltles and ba$ls of report
As the Directors of the charity (and also ils direclors for the purposes of ¢ompany lawl you are responsible for the
preparation of the financÈal statements in accordance with the requirements of the Charities and Truslee Investment
{S¢olland) Act 2005, the Charities Accounts (Scotland> Regulations 2006, the Charib'es Act 2011 and the
Companies Act 2006. The Iruslees consider that the audit requirements of Regulation 1011) (a) to (G) of the
Charities Accounls (Scotlandl Regulations 2006 and section 144 of the Charities Act 2011 do nol apply. The charity
is preparing acGrued accounts and l am qualified to undertake the examination by being a qualified member of the
Instttute of Chartered A¢¢ountants in England and Wales.
Having satisfied myself that the financial statemenls of the Charity are not required to be audited under Part 16 of
the 20C)6 Act and are eligible fof independent examination. I report in respect of my examinalion of the charity's
financial statements carried out under section 44 (1 > (c) of the 2005 Act and section 145 of the Charities Act 2011
(the 2011 Act>. In carrying oul my examination I have followed the requirements of Regulation 11 of the Charities
Accounts {Scotland} Regulations 2006 (as amended) and all the applicable Directions given by Ihe Chafity
Commission under section 145(5)Ib) of the 2011 Act.
Independent examinevs statsment
In ¢onnection with my examination, no matter has come to my attention whF¢h gives me reasonable cause lo
believe that in any material respect the requirement5:
to keep accounting records in accordance with section 44(11 (a) of the 2005 Act and Regulation 4 of the 2006
Accounts Regulations and section 130 of the 2011 Act., and
to prepare financial statsmenls which accord with the accounting records and compEy with Regulation 8 of the
2006 Accounls Regulations and the requirements of the 2011 Act",
have not been mel,. or
to which. my opinion. attention should be drawn in order lo enable a proper understanding of the financial
statements to be reached.
M A P Taddei MA FCA
Relevant professional body= the Instrtule of Chartered Accountants in England and Wales
Johnston Smillie Lld
5 Soulh Gyle Crescent Lane
Edinburgh
EH12 9EG
18 March 2025

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Unrestrlcted Restri¢ted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Other trading aclivilies
76,016
27,731
76,016
27,731
93,782
29,991
93,7S2
29,991
Total income
103,747
103,747
123,753
123,753
Expendlture on:
Charitable activÉties
61.148
6.748
67,896
58,149
6,748
64,897
Total expendlture
61,148
6,748
67,896
58.149
6,748
64,897
Net incomel{expenditurel and
movement in fund5
42,599
(6,748)
35,851
65,604
(6.748)
58,856
Reconciliation of funds:
Fund balances a11 July 2023
560,023
544,923 1,104,946
494,419
551,671
1.046,090
Fund balances at 30 June
2024
602,622
538,175 1,140,797
560,023
544,923
1,104,946
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 30 JUNE 2024
2024
2023
Notès
Fixed assets
Tangible assets
Inv&stment propety
10
11
551,548
421,140
557,831
421,140
972,688
978.971
Current assets
Debtors
Cash at bank and in hand
12
16,212
154,117
5,737
122.218
170,329
127,955
Creditors: amounts falling due within
one year
13
(2,220)
(1,980)
Net current assets
168,109
125,975
Total assets le$$ current liabilities
1,140,797
1,104,946
The funds of the charity
Restricled income funds
Unrestrtcted fijnds
14
15
538,175
602,622
544,923
560,023
1,140,797
1,104,946
The company is entitled to the exemption from the audit r8quirement contaned in section 477 of the Companies Act
2006, for the year ended 30 June 2024.
The directors acknowledge their responsibilities for complying wlth the requirements of the Companies Act 2006
with respect to a¢¢ounting records and the preparation of financial statements.
The members have not required the company tr> obtain an audit of its financial statements for the yèar in question in
ac¢ordance wtth section 476.
These financial statements havè been prepared in accordan￿ wÈth the provision5 applicable to companies subject
to the small companies ￿girne.
The financial statements were approved by the Direclors on 18 March 2025
Rev Brendan Gerard
Director
Company registrats'on number 04010393 (England and ￿les)

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
A¢¢ounting policies
Charity inforniation
The Priestly Fraternity of Saint Peter is a private company limiled by guarante& incorporated in England and
Wales. The registered office is St. John Fishèr Housè, 17 Eastem Avenue. Reading, RG15RY, England.
1.1 Accounting convention
The financial stat&m8nts have been prepared in accordance with the chartvs Articles of Association, the
Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts
IScot]and) Regulations 20C8 las amended), the Chanties Act 2011 and "Accounting and Reporting by
Charities.. Statement of Recommended Practt¢e appli¢able to charities preparing their accounts in accord2nce
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (as amended
for accounting periods ¢ommonGing from 1 January 2019}. The chanty is a Public Benefit Entity as defined by
FRS 102.
The charity has taken advantage of the provisions in the SORP for small charities not to prepare a Statement
of Cash Flows.
The financial ststemerrts are prepared in sterfing, which is the fvnth.onal currency of the charity. Monetary
amounts in th8se financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments al fair
value. The principal accounting policies adopted are set out below.
1.2 Going ¢on¢em
At the time of approving the financi81 statements. the Directors have a reasonable expectation that the charity
has adequate resources to continue in operattonal 8XiStenc8 for the foreseeable fvture. Thus the Directors
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestncted funds are available for use at the discretion of the Directors in furtherance of their Charitable
objeclives.
Reslncted funds are subject to specific condttions by donors or grantors as to hi)w they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject lo spectfic conditions by donors that the capital musl be maintained by the
charity.
1.4 Income
All incoming resourc8s are recognisèd in the Statement of FinancÉal Position when the charity is entitled to the
income, receipt is probable and the amount ran be measured with sufficient reliability.
1.5 Expenditu
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of econornic benefits will be required in settlement, and the amount of
the obligalion can be measured reliably.
Expenditure is classified by activity. The costs of each adivity are made up of the tolal of direct Costs and
shared costs, Including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that actSVity. Shared (x)sts which contribute to more than one activity and
support costs which are not attributable to a single activty are apportioned belween those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portton of the asse¥s use.

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
A¢¢ounting policies
(Continued)
Resourc8s expended are reeognised in the period in which they are incu￿ed and include irrecoverable VAT.
All expenditsjre is rewgnised on an accrLEals basis and has been classtfied under headings that aggregate all
costs related to that category.
1.6 Tangible fixed asset$
Tangible fixed assets are initially measured at cost and subsequerrtly measured at cost or valuation, net of
depreciation and ary impaiment105ses.
Depreciation is recognised $0 as to write off the cost or valuation of assets less thèir residual values over Iheir
useful lives on the foll￿1ng bases-.
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Vestments etc
over 1 (10 years
over 10 years
over 4 years
over 5 years
over 50 years
The gain or loss arising on the disposal of an asset is determined as the differenc8 between the sale proceeds
and the carrying value of Ihe asset, and is recognised in net incomel{expenditure) for the year.
Assets costing more than £250 are capitalised.
1.7 Investment property
Investment property, whi¢h is property held to eam rentals andlor for &8pital appreciation, is initially
recognised at cost, which includes the purchase cost and any dir8Ctty attrlbutable expenditure. Subsequently
it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is re¢ognised in
profit or loss.
1.8 Impalmient of fixed assets
At each reporting end date. the ch8rity reviews the carrying amounts of its tangible assets lo dètermine
whether there is any indication that those assets have suffered an impairnent loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaiment
loss {il any}.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, dèposits held at call with banks, other short-term liquid
investmènts with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitys balance Sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wtth the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intentson to setde on a net
basis or to realise the asset and settle the liability simultaneously_

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
{Conttnued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially m8asuréd at
transaction Pfi¢e induding transaction costs and are subSeqUen￿Y carried at amortised cost using the effective
interest method unless the arrangement consts"tutes a financing transaction, where the transaction is
measured at th& present value of the future receipts discounted al a market rate of interest. Financsal assets
classified as receivable within one year are not amortised.
Baslc financlal liabilitiès
Basic financial liabilities, including creditors and bank loan5 are initialty recognised at transaction pr5ce unless
the arrangement consb"tutes a financing transaction, where the debt instrument is measured at the present
value of the futura payments discounted at a market rate of interest. Financial liabilib'es classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost using the effective interest rate method.
Tr8de creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operatÈons from suppliers. Amounts payab]e are classÈfied as Current liabilities rf payment is due within one
year or less. If not, they are presented as nor¥+current liabilities. Trad& creditors are re¢ognised inttially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognrtion of financial Ilabilities
Financi21 liabiltb.es are derecognised when the charity's ¢ontra¢tual obligations expire or are discharged or
cancelled.
1.11 Taxation
As the company is exempt from taxation on its charitable income, there is no taxation charge.
Crttical accountlng estimates and judgements
In thè application of the chanty's accounting policies, the Directors are required to mak& judgements,
estimates and assumptions about carrying amount of assets and liabilitses that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may diffef from these estimates.
The estimates and underlyirso assumptions are reviewed on an ongoing basis. Revisions to acwunting
estimates are recc>gnised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donations and lega¢ie$
Unrestricted
funds
Total
2024
2023
Donations
Legacies receivable
Gift aid recoverable
42.502
25,000
8.514
42,819
50,000
943
76,016
93,762

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Other trading activities
Unrestricted Unrestiicted
funds
funds
2024
2023
Rental income
27.731
29,991
Charitable activities
2024
2023
Depreciation and impairment
Edinburgh Mission grants
House njnning costs
Bank tharges
8,263
46,703
10,399
191
9,281
44.396
9,085
155
65,556
62,917
Share of govemance costs (S￿ note 6)
2.340
1,980
67,896
64,897
Analysis by fund
Unrestricted fund5
Restricted fvnds
61,148
6,748
67.896
For the year ended 30 June 2023
Unrestricted funds
Restricted furKJs
58,149
6,748
64,897
10-

THE PRIESTLY FRATERNITY OF SAINT PETER
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Support costs
Support Govemance
c(psts
costs
2024
2023
Independ&nt Examinerfs fees
2.340
2,340
1,980
2,340
2,340
1.980
Analysed b&￿een
Charitable activities
2,340
2,340
1,980
Govemants costs includes independent examiner fees of £2,340 12023". £1,980). No other seNices were
provided by the independent examiner.
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(creditsng):
Fees payable for the independent examination of Ihe charity's financial
statements
Depreciatton of owned tsngible fixed assets
2,340
8,263
1.980
9,281
Directors
The charity covers various domestic. travel and subsistence expenses incurred by Father John Em&rson and
Father Brendan Gerard in thè course of their duties. During thè year, Fr Emerson and Fr Gèrard received a
total stipend of £3,600 each {2023: £7.200 and £3,000 respeclFvelyl. The charity m8de m contnbution to
healthcare costs for Fr Emerson dunng the year (2023.. £1,435).
During the year, the charity paid £235 (2023". £190) for services rendered by director Richard Cameron and
64 for reimbursement of expenses to Richard Cameron {2023: nil) .The charity paid £350 (2023: £275) 10
director ChristopherAkers for his preparatory work on the accounts.
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total
The charity had no employee5 during the year {2023". nonè).
There were no employees whose annual remuneration was more than £60,000.

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
10 Tangible fixed asset5
Freehold land Flxknfes and
and buildings
fittings
Computers
Mot¢f Ve5tmerrts etc
vehictes
Totsl
Cost
At 1 July 2023
Addit'ons
674,844
12,118
1.980
3,546
14,318
10.593
715.419
1,980
At 30 June 2024
674,844
14,098
3,546
14,318
10,593
717,399
Depreclation and
impaimient
At 1 July 2023
Depreciatson charged in the
year
129,921
12,080
3,546
9.934
2,107
157,588
6,748
207
1,096
212
8,263
At 30 June 2024
136,669
12,287
3,548
11,030
2,319
165,851
Carrying amount
At 30 June 2024
538,175
1,811
3,288
8,274
551,548
At 30 June 2023
544,923
38
4,384
8.488
557,831
11 Investment property
2024
Fair value
At 1 July 2023 and 30 June 2024
421,140
Investment property comprises two properties in Edinbtsrgh which are hèld for rental purposes. The properties
were valued by the Trustees based on their interpretation of market conditions at 30 Jltne 2024.
12 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued tr￿me
9.457
6,755
4,794
16,212
5.737
13 Creditors: amounts falling due within one year
2024
2023
Accfuals
2,220
1,980
12-

THE PRIESTLY FRATERNITY OF SAINT PETER
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
14 Restricted funds
The restricted fLtnds of the charity cornprise the unexpended balances of donations and grants held on trust
subjèct to specifi¢ ¢¢)nditions by donors as to how they may be used.
At 1 July 2023 Resources
expended
At 30 June
2024
Property fund
544,923
(6,7481
538,175
Previous year:
At 1 July 2022
Resources
expended
At 30 June
2023
Property fund
551,671
(6,748)
544,923
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may b@ used. These indude
designated knnds which have been set aside out of unrestri¢ted fvnds by the trustees for specific purposes.
At 1 July 2023
Incoming
resources
Resources
expended
At 30 June
2024
General funds
560,023
103,747
(81,148)
602,622
Previous year:
At 1 July 2022
Incoming
resources
Resources
expended
At 30 June
2023
General funds
494,419
123,753
(58,149)
560,023
16 Analysis of net assets between funds
Unrestrscted
funds
2024
Restricted
funds
2024
Total
2024
At 30 June 2024..
Tangible assets
Invéstment propertiès
CUr￿n1 assetsllliabilities)
13,373
421,140
168,109
538,175
551,548
421,140
168,109
602,622
538,175
1,140,797
13-

THE PRIESTLY FRATERNITY OF SAINT PETER
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
16 Analysis of net a$$et$ between funds
(Continued)
Unrestncted
funds
2023
Restricted
funds
2023
Total
2023
At 30 June 2023:
Tangible assets
Investment properttes
Current assets/(liabil¥ties)
12,908
421.140
125,975
544.923
557,831
421,140
125,975
560,023
544,923
1,104,946
14-