Liverpool Archdiocpsan Lourdeq Pilgrirriaqe Association LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION Registered Charity number 1091132 TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 31ST DECEMBER 2024 LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION TRUSTEES REPORT and ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 INDEX Page 1 Statement of 13ffice￿ and Professional Advisers Pages 21314 Trustees Report Page 5 Report of the Independent Examiner Page 6 Statement of Financial Activltles P898 7 Balanc8 Sheet Pages 819 Not88 to Flnanclal Statements LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION Statement of Officers and Professional Advisers Trustees Reverend Grant Paul Maddock (Chalr) Very Reverend Monsignor Desmond Mark Seddon Very Reverend Monsignor John Butchard Revered Mark Beattie Michael Williarn Roper Catherine Mary Mccarthy Una Marie Giles Paul Malachy Cunningham Principal Address Archdiocesan Office Croxteth Drive Sefton Park Llverpool L171 Bankers Metro Bank 15 Paradise Stregt Llverpool L13EU Independent Examlner Robinson Rice Assoclates Ltd Chartered Accountants 93 Banks Road West Kirby Wlrral CH43 ORB Investmgnt Advlsers Rowan D8rtlngton Walkar House Exchange Flags Liverpool L2 3YL LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION TRUSTEES REPORT FOR YEAR ENDED 31ST DECEMBER 2024 The Trustees presenttheir annual report and financial statements for the year @nded 31 December 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng Documert The Charity was set up under a trust deed dated 28 February 2002 and operat8s in accordance with the provisions of that documenL Trustees The Trustees who served during the year are $8t out in the Statement of Officers and Professlonal Advis8rs on pag8 1. They are expected to cornply with the requirements of the Charities Act and thelr publications, 'The essential trustee" 'The hallmarks of an effecuve Chari The Charity has robust policies to Identify potential Twstees and reGruit approprlatety qualified persons. Th8 value which they may heve to the Charlty, and theirability to further its objectives, are of importanoe. In 2024, Fr. Grant Maddock officially became Chair of the trustees, in line wtth hls new post of Pilgrimage Diroctor. In addition, Paul Cunningham and Fr. Mark Beattie were added as trustees of the Charity, and Fr Joseph Kendall and Fr. Simon Gore removed as trustees. Fr. Simon Gore remains on the Executlve In his rol8 as Director of the Archdiocesan Youth Pllgrlmage. OBJECTIVES AND ACTIVITIES Objectlves Thè objects of lh8 Charity are: {1) The advancement of the Roman Catholic rellgion and the relief of slckness and sufferfng. wlth the purpose of promotlng and organlslng pllgrlmages to Lourdes. including raising funds to subsldise such pilgrfmages for those who are sick or handicapped, together with thelr carers. (2) For such other charitsbl8 purposes as the Twstees may from time to tlme detet7nine and ar& connected with the charitable work of th8 Charity. Activitles Following the 2023 Centenary Anniversary of the Liverpool Pilgrfmage to Lourdes, as we expected. pilgrim numbers did redu￿ in 2024, but we still saw a healthy increase on immedLqle post-covld numbers across varlous elements of the pilgrlmage. Increasing costs for the pilgrimage and individuals is a key factor in whether peoplè can trav81, and the Pilgrimage Executive has this as one of its key fatu& araas in d•clsion-mAkrng land plannin9 for futur0 y•arg. Once again, we facilitated for assisted pllgrims to travel, together wtth sufficient helpers to look after them. These volunteer helpers form the Liverpool Hospitalité of Our Lady of Lourdes, which falls under our charitable structurè. In addition, we work closely with and rely on the greatwork of the Archdiotssan Youth Pilgrimage in the carlng of our Assisted Pilgrims and the work carried out in various Masses and services during the week. Whilst It is at a cost to the charlty, the Executive are keen to provide Jumbulance as a transport option for Assisted Pilgrims each year If possible. This overfand travel on a specialised "ambulance coach" ensures those who may be too sick or infirm to travel to Lourd9s by plane are able to be with us on pilgrimage. During the year we carried out our usual programme of splritual activtties, fundraising and planning for the pilgrimage. Our charity relies heavily on the kindness of many volunteers, who give so much of thelr time not just during our pilgrimage week. but throughout the year in lh& prgparation that takes place. During 2024, a number of Policies were either updated or intrcxduced. wth the Pilgrimage Executive working to ensure that our ways of working are robust across the whole pilgrimage. Sponsorshlp was gained from Mlcrosoft, giving 8ccess to th8ir non-profit support ne￿ork. This includes dedicated pilgrimaga-role email addresses and cloud storage. helping in our path to continue to ensure we ar8 compliant with GDPR and best-practice, and provide suitable IT access and facililles to our volunteers 8nd staff. Work was undertaken on the pilgrimage websrte. getting it up to date as a source of Informa￿On. Thls will continue. with a focus of it being more of a 'go to" area to promote and grow the pilgrimage. LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION TRUSTEES REPORT FOR YEAR ENDED 3qST DECEMBER 2024 (continued) Public benefit All the work undertaken by the Charity has a public benefjt. We provide the opportunity to travel to Lourdes and experience the valuable spiritual and social aspects of the pilgrirnage which includes opportunities for volunteerlng and caring for those less fortunate than themselves. This is open to all persons. ACHIEVEMENTS AND PERFORMANCE As stated above the Charity was once again able to undertake an annual pilgrimage to Lourdes. Wrth this came opportunities to bring together a large body of volunteers to accompany the assisted pilgrims and make it a worthy experience for those ft)r whom the Charity cares. FINANCIAL REVIEW Sources of funding The Charity continued to receive donations from the public sector; however, there was a substantial drop on 2023 totals. Legacies totalling £6,497 were received in 2024 (£111,017 in 2023). Sales of Christrnas cards and other fundraising goods & events brought in additional income for the benefit of the Charity, totalling £4,400 (£9,350 in 2023). Donations income totalled £14,000, and whilstthis is down from £32,000 the year prior, that amount did include from a large project to purchase new wheelchalrs. We also derived a small amount of dividend income from our Investments, similar in amount to 2023. Flnancial result The Charity's expenditure during the year reduced from 2023, with 8 lower number of pilgrlms and smaller numbers ofwheelchairs purchased., In all a total of£88,191. With the decreased income received (prlmarily from legacies in 2023), this resulted in a loss 01 £62,508 on general fund, with restrfcted funds reducing by £3,429 Unfortunately, in line with the perforrnan￿ of the stock market, investments reduced in value by £6,078 The year ended with an overall decrease in reserves to the extent of £72,015. We carry forward £503,279 in reserves, in our portfolio of investments and bank balances. We continue to regularly review our finances, in order to rnaintaln our reserves as best we can. We are always keen to finan￿ the care and support of our assisted pilgrims and help volunteers in thelr travel and accommodatlon costs, whilst maintaining the long-term vision of organising Archdlocesan pilgrimages to Lourdes. Work is ongoing to ensure we have an UEFto4late Finance Policy, which will ensure robust prO￿dureS are in place to reduce risks and wastage, and make sure mney is spent wisely for the benefit of the pilgrimage both short-term and long-term. Going conc8m The financial statements have been prepared on a golng concern basis as the trustees believe that no material uncertainties exist The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going COn￿rn. Invèstment policy The Charity holds ethical investments only. The Trustees, advised by its investhent committee and ts brokers, balance income against growth. They regularly review the portrolio and adjust as considered neGessary. LIVERPOOL ARGHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION TRUSTEES REPORT FOR YEAR ENDED 31ST DECEMBER 2024 (continued) Reserves pollcy The Charity is dependent upon its reserves which over the years it has been able to build wtth legacies and donations. They are repres8nted by the investment portfolio and cash and bank balances whlch th& Trust88s use to best effect to generate income with which to support its objects. REVIEW OF RISKS The risks to which the Charity is exposed are regularfy reviawed and systems have been eslabllshed to deal with those risks. Slgned on behalf of tho Trustees. Reverend Grant Maddock Chalr of Trustees Dats LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION Independent Examinerfs Report to the Trustees of Liverpool Archdiocesan Lourdes Pilgrimage Association I report to th6 charity trustses on my examinauon of the accnunts of th8 charity for the year ended 31 St Decembar 2024, which 8re set out on pages 5 to 8 Rèsponslbllltles and basis of report As the charity's trustees you are responsible for the preparallon of the accounts in accordance wlth the Trqulrements of the Charities Act 2011 (Ihe Act,). I report in respect of my examination of the charity's accounts carried out und6r sa¢tlon 145 of th8 Act and In carrylng out my examination I have followed all the 8ppIIc8ble Directions given by the Charity Commisslon under s$ctson 145(5){b) of the ACL Ind8pendent oxamlneffs statement I have Gompleted my examinatlon. I confirm that no m8teri81 matters hav8 Comg to my attention in connecllon wlth the examination giving me cause to believe that in any material respect.. accL)unting records were not kept in respe¢t ol the charity as ￿quired by so¢tion 130 of th8 Aetr or the accounts do not accord with those re¢ordsl; or thè a￿o￿nts do not comply with the applicable requlrements conc&ming the fDrn and content of 8¢ccunls $8t out in the Charities (Accounts and Reports) Regulations 2008 olhor than any requirement that the accounts give ' which is not a matter considered as part of an independent examination. s and have c this report in o e across no other matters in connection wlth the examinatlon to which attontlon er to enable a proper understandlng of the accounts to b8 reathed. shou be drawn I Date Robinson Rice Associates Ltd 93 Banks Road West Kirby irr81 CH48 ORB LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31ST DECEMBER 2024 Note Unrestricted Restrlcted Funds Funds Capital Fund Total 2024 Total 2023 INCOMING RESOURCES Donations Legacies Associate and affiliation f88S Fund raising Subscriptions Investment incorne Exchang8 rate gain Surplus on dtspi)sal of investm8nts 12,086 6,497 561 4,396 1,480 663 1,950 14.036 6N97 561 4,396 1,480 11.117 33,543 111,018 9,349 995 11.400 10,454 25,683 12,404 38,087 166,305 CHARITABLE EXPENDITURE Costs of actlvitles in furthoran¢e of the Charlty'5 objects.. Grants and subsidies Care of assisted pilgrims Assisted pllgrim f8res Refreshments and subsistenc8 Purchase of books and badges Equipment and medlcal supplles Levies Insurance Depreci8tion 24,638 7,626 15,833 40.471 7,626 37,647 5,172 977 6.763 7,463 8,603 10,50D 2,879 1,750 81,754 2,731 7,081 2,224 6,433 3,850 1,750 56,333 2,731 7,081 2.224 6,433 3,850 1,750 72,166 15,833 Managlng and admlnlsterlng the Charlty Accountancy and professional fees Administratols salary Printing postsge and telephone Computer and So￿are costs Bank charges Travel and conference fees Subscriptions and licences Exchange rate varianGe 9,378 9,584 1,578 1,155 163 9,080 9,378 9,584 1.578 1,155 163 9,080 9,958 9,232 2,980 1,314 162 11.885 1,948 547 920 31,858 920 31,858 TOTAL CHARITABLE EXPENDITURE 88,191 15.833 1Q4,024 119.780 Net (outgolng}llncoming resources 61508 3,429 46,525 OTHER RECOGNISED GAINS AND LOSSES Unrealised (loss)Igain on investments 16,078 6,078 4,023 TRANSFER BEfwEEN FUNDS 255 255) Net movemenl In fund8 FUND BALANCES BROUGHT FORWARD FUND BALANCES CARRIED FORWARD 68,331 553.437 485,106 3.429 25 15,750 72,015) 575,294 503,279 50,548 524,746 575,294 2.678 The notes on pages 7 and 8 forni part of these accounls. LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION BALANCE SHEET AT 31ST DECEMBER 2024 Note 2024 2023 TANGIABLE FIXED ASSETS 15,500 15,750 FIXED ASSEf INVESTMENTS 404,021 388,874 STOCK 7,999 6,195 BANK AND CASH BALANCES 79,712 173.881 DEBTORS AND PREPAYMENTS 3,929 511,161 4.912 589,612 LESS CREDITORS Due within one year 7,882 503,279 14,319 575 293 REPRESENTED BY UNRESTRICTED FUNDS 4(a) 485,106 553,437 CAPITAL FUND 15.495 15,750 RESTRICTED FUNDS 41b) 2,678 503 279 6.106 575,293 The not8s on pages 7 and 8 fom part of the financlal ststements Slgn8d on bahalf of the Trustses -7_LS Reverend Grant Maddock Chair of Trustees Date LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31ST DECEMBER 2024 1 ACCOUNTING POUCIES 1.Th8 accounts are prepared under the hlstorical cost (￿nvention, with the exception of Investrnents which are indLJded at market value. 2.The financial statements, incorporating a Statement of Financial Activtties (SOFA), have been prepared in accordance with Statement of Recommended Practice (SORP} {FRS102) issued In 2016 and applicable accounting standards. 3.Tangible assets costing MO￿ than £1,000. and anticipat8d to last more than a year, ara capltalised. 4. Depreciation policy. Equipment is depreciated over 10 y&ars on a stralght Ilne basis. 2 TANGIBLE FIXED ASSETS Equipment Cost at 310ecember 2023 Additions Cost at 31 December 2024 Depreciatlon At 3 December 2023 Charge for year At 31 December 2024 Book value At 31 December 2024 At 31 December 2023 Wheelchalr8 Total 17,500 1,500 19.000 17.500 1,500 19,000 1,750 1,750 1,750 1,750 15,500 15,750 15,750 3 INVESTMENTS Quated Invgstments 2024 2023 Unrestrlcted Funds 388,874 21,225 6,078 404,021 Restrl¢ted Funds Total Total Market value at 1st January 2024 Net purchases and reinvestment Net unrealised gainl (lossl Market value at 31 st ￿e￿mber 2024 388,874 21,225 6,078 404,021 377,346 7,505 4,023 388.874 Historlcal cost Quoted investments are represented by: Investrnent Trusts and Unit Trusts 396 808 404,021 404,021 388,874 4 FUNDS (a) Unrestricted General Fund Balance 1 January 2024 2023 553,437 (02,407) (6.078) 255 485,207 498,291 60,a73 4,023 15,750 553,437 Net out90ing re8ourGoe Unrealised gainl (loss) on Investrnents Transfer Capital Fund Balance 31 December 2024 2024 2023 Ib) Capital fund Balance 31.12.2023 Transfer (toyfrom General fund 15,750 255) 15,495 15,750 15.750 (c) Restrlcted Support Funds st. Helens Fund Assisted Pilgrim Fund Rev. JIM Collins Fund F.andM Rooney Fund 2,885 4,913 (7,7981 Total Balance 1 January 2024 Incoming resources Outgoing resources BalanG@ 31 December 2024 2,073 3.555 5,628 728 3.204 420 732 1.152 6,106 12,404 15,832 2,678 LIVERPOOL ARCHDIOCESAN LOURDES PILGRIMAGE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31ST DECEMBER 2024 5 TRANSACTIONS WITH TRUSTEES No payynents or benefrts have been made to Trustees during the year. 6 FEE PAID FOR INDEPENDENT EXAMINATION OF ACCOUNTS 2024 2023 Robinson Ric8 Associates 2,100 2,100 6 STAFF COSTS 2024 2023 Gross salary 9,584 9,723 Av6rage number of employees 8 RELATED PARTY TRANSACTIONS There were no transactions with related parties during the y8ar.