THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL Registered Charity No. 1093506 TRUSTEES, ANNUAL REPORT AND ACCOUNTS For the year ended 31" December 2025 SILIL,(-.ICN FRIAR£ of th¢ Ilb.N P.W,Al.
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL ANNUAL REPORT Af4D ACCOUNTS YEAR F.NDED 31 DECEMBER 2025 CONTENTS PAGE Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements 9-17
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL YEAR F.NDED 31 DF,CEMBER 2025 TRUSTEES, ANNUAL REPORT The Trust¢es present their report for the year ended 3 1st DeceTnber 2025. -rhe financial statements have been drawn up in aLcordance with the accounting policies set out in note I to the financial statements and comply with the Charity'b constitution: the Chai'ities Act 201 I, as amended by the Cliarities Act 2022, and the Stateinent of RecoMended Practice.. Accounting and Reporting by Charities (SORPI prepariiig Ilieir accounts in accordance with tlic Financial Rcporting Standard applicable iii the UK and Republic of Ireland (FRS 102) issucd in October 2019. CHARIT ABLE OBJECTIVES The principal aims and objectives of the Community of the FT&ncigcan Friars of the Renewal (the 'Community") are (a) the relief of poverty, particularly among the destitute and Ibl the advancement ol'ihe Christian religion. ACTtVITIES AND PUBLIC BENEFIT The Trustees confirn that they hav¢ followed the Charity Commisslon's guidance on Public Benefit. They have adhered to the requiTements of Section 4 of the Charitics Act 201 l. ensuring that the ComTnunity's aims, activitles and acliievem¢nls effectively support its beneficiaries and contribute to ihe public good. The Community works primaTily with the vulner¥¢ble, including chTldren and young people, the poor and the dcstiliite. The wider public also benefits from the Community's religious activities. The Community Seeks to relieve poverty by providing practical help to the poor and destitute, particularly in the forni of food, clothing, temporary slieltcr, ghowers and transport. On occasion financial assistance is given for home utilities. Many of those who seek assistance from the Community have difficulty Tnanoeuvring through the govemmental social services. Hclp is, thus, regularly offered to fill out fom)s. offer references, provide a mailing address and advocate on behalf of the less fortunat¢. The members of the Community also seek to serve the poor and the wider public through prayer ministry. providing spiritual instruction and encouragement. Th¢ Community does not charge for any of its prartical or spiritual services. However, in return for the provision of some spiritual services, beneficiarie5 often make a free Trvill contribution towards the Community's expenses. VOLUNTEF.RS Tlie Community's foiindations iely heavily upon the assisiance of voliinteers foi. the running of the apostolate8 and theii. work with the poor. St. Pio Friary {Bradfordl and St. Fidelis Friary {London} maintain saiip kitchens, shower5 and clothing distrbillIl1n possible only through the generous participation of voluntc¢rs. St. Columba Friary (Derry) operates a dTOP-in centre/café with which the friars are assisted by volunteers. ACHIEVF.MF.NTS AND PF.RFORMANCr, 'rhe London foundation was able to oontinue its in Aou.%e liinch program on Tuesdays and Thursday5. In addiiion, clothing. haircuts and sliowers were available on Wednesdays. In each of these areas, there was a contiiiu£d marked incrcase in recipients. Financial as5lStdnce continued to be offered for utilities, food and other essential miscellaneou5 items. All of these were pi'ovidcd on a os i'egiteJieJ/ as needed basis.
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL YEAR ENDED 31 DF.CEMBER 2025 TRUSTEES, ANNUAL REPORT (L'onlinued) In addition to the hands-on work with the poor, the friars were involved in evangelistic and spiritual care of the poor through home visits. lelephone conv¢r5ations and street Ininislry. On a regular basis, friars and volunteers would go oiit into the streets to search out and assist those living rough. Monthly spiritual conferences, days of recollection, parish missions and annual retreats were offered lo ihe general public. There were regular reqLiesls to Inake preseiitations to both Catholic and non-sectarian schools on the life and work of the friars with th¢ less fortunate Inembers of society. The Bradford commiinily continues to devclop its spiritual ministry in the heart of the city with the daily c¢lebraliun of Mass. adoration and the availability ot spiritiial counsel in conjiinction with St. Pati'ick's Mi_Esion Church. Monthly gatherings are offered for Christian formation. In addilion. similar to the l.()ndon foundation, retreats, days of recollcction, parish missions and School visits are offered. The friars have been able to re-establish its house soup kitchen three days a week. Similar to the experience of London, the friar5 have noted a significant increase in those utilizing their services. The friars in Derry have continu¢d to develop their ministry ol hospitality at the Si. Padre Pio Café. This facility is a drop-in centrel café which offers a safe place for fcllowship, spiritual counsel, and a cup of tea. In addition, the brothers work at a local Catholic secondary school offering counsel and SPiTltual guidance to the students. Similar to the other facilities. the friars conduct parish mi55ions, days of recollection and retreats. Once a month the Derry friars f&¢ilitate a Healing Service at the local parish. On a weekly basis, people gather for discipleship training - prayer, teaching and so¢ializing - at the Apostolic Centre (St Pio House). In all of the ministries and works of the friars a continued increase in demand for spiritual and material help has been observed. Thes¢ works are possible through the generous support and assistance by numerous volunteers and graciou5 b¢nefactors. Only throiigh this generous suppurt could the work of the friars be Possible and maintained. FINANCIAL REVIEW The Community's financial support continues to come pi'imai'ily from donations. In 2025, tot21 inconie rose significantly to £401.486, driven mainly by the reccipt of legacy income of £71,452 {2024.. £llil) and a substantial increase in donations 10 £289,319 (2024.. £213,953). This represents a marked strenh¢ning of the Community's income base compared with the prioi. yeai.. Total expenditure 2025 was £295,446, only l higher than in 2024, a rise that is well below inflation, reflecting continued c05t discipline and stable operating aciivity. The overall resiilt for the year was a surplus of £106,040 {2024.. deficit of £42,654), leading to an increase in total f'unds to £522,348 at th¢ end of 2025 12024.. £416,308}. The Trustees tonsidei. Ihat there are no material uncertainties about ihe 'frust's ability t() continue a going onLern. RF.SERVES POLICY Reservcs are divided into restricted reserves. whicli Inay only be iised for the piirpose for which the fiinds were donated, and iinrestrict¢d r¢.%erves, which may be iiEed for any purpose approved by the Trustees. Restricted Teserves comprise sums donated specifically for programmes and initiatives the TrLlStees have idciitified as providing particular benefit% to Ihe coinmunity. 2025 sucli prograinines and initiatives included.. poverty relief, pro-life activities, evangelism and spii'ilual retreatsldisciplc8hip days. Tlie Trustees, unrestricted regerves policy is to liald siifficient funds to tover expenditLire for six Inonths.
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL YF.AR ENDED 31 DECEMBER 2025 TRUSTEES, ANNUAL REPORT (Lontinued) UnT¢Stricled funds stood at £513.840 at the balance sheet date (2024.. £405,140), of which £131,606 is represented by fixcd &ssets 12024.. £128,717). The remainder of £382.234 (2024.. £276,423) is considered sufficient to support th¢ Ti'ustees. reserves policy. RISK INAGEMENr The Trustees regularly review the key risks faced by the Community and, during their meetings, forniulate Proposals to effectively address and Initigate these risks. Key risks and uncertainties include the lolltswing.. (a) Keduction in incorning resources The Community is exposed to the risk of reduced ineoming resources. primarily driven by the ongoing cost of living crisis. Continued, sustained inflationary pressiires have led to d decrease in disposable income for Inany hoiiseholds, which may negatively impact the level of donations the Charity receives. Ib) Ineffective service delivery The Community is exposed to the risk of failing to eff¢¢tively serve its comirunity and vulnerable individuals as a result of crrors in the handling of funds or operational shortcomings. The Trustees are committed to ensuring that funds are used solely for their intended purpose and aTe fully accountable lo the people they serv£. (c) Damage to reputation The Trustees also recognise a risk of reputational damage that may arise from incidents related to fraud, safeguarding, or health and safety. Such incident5 c(iuld undermine publi¢ Confidence and affect the Chariry's sianding in the community. (d) Operational risks The Charity is expostd to various operational risks that could disrupt its activities. These include the risk of cyber-attacks and data theft, Ihe potential 105$ of members, particularly in the event of hea]th issues or relocations, and structural problems within the buildings used by the Community, such as the friaries 2nd commiinity centTCS. In the event of such disruptions, significant resources may be required to conduct repairs or replace stru¢tures. STRUCTURE, GOVERNANCE AND MANAGEMENT The Community is governed by a Trust Deed dated 29, July 2022 and last amended 25 July 2022 and is a Regi5t¢r¢d Charity, Number.. 1093506. The governance of the Community is vested in thc Trustees.. they have power to regulate the work and Scope of the Charity's activitics in such a mannei. as they may deem expedient. The Tru8tees are responsible foT the governance of the charitable and fundraising activiiies of the Community. They meet regiilarly to discuss and review tlie Coinmunity's affairs. New Trustees Inay only be appointed by the cxisling Trustees if they are decined lo possess the prerequisite abilities to discharge their duties as Trustees cffectively and have a sound knowledge of the objectives of the Community. During tli¢ year no Tn]stee rcceivcd any reinLineration. The Cammunity meets the very Inodest living expcnses of ils members, which inclLide Slime Trustees. Other ihan living expenses, thc Ti'ugtees confinn that tliere wei'c no reldted party transactions dLiring the year.
THE COMfvIUNITY OF THE FRANCISCAN FRLARS OF THE RENEWAL
YEI AR ENDED 31 DFCLNIBER 2024
TRUSTKES, ANNUAL REPORT (continued)
REFERENCE AND ADMINISTRATIVE DETAILS
The prillcipal offic¢ is located at St Fidwlis Friary, Killir floo¢, Caiitllllg Towll, Loi)doii [16 ILX.
The ttames of all those who were the Charity'8 TteeS at the date the report was approved or who Aerved
as Tnistees in the reporting period were as follows:
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THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL INDF,PF.NDENT EXAMINLR'S RF.PI)RI' TO THE TRUSTEF.S OF THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL Responsibilities aDd basis of report I report to the Trustees on my examination of th¢ accounts of the above Charity I'the Ti'ust,) for the year ended 31 December 2025. As the Charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of tlie Chai'ities Act 2011 {'the 201 l Act,). I report in respect of my examination of the'l'rust's accounts carried out under section 145 of ihe 2011 ALI and in carying out my exa]nnatiOll. I have followed all the applicable Directions given by the Cliarily Commission under section 145{5)(b) of the 2011 Act. Independent examiner'5 Statement The Chdrily's gl'oss income exceeded £25,000 and l am qwdlified to undertake the exainination by being a qualificd member of the Institute of Chart¢r¢d Accountants in England and Wales IICAEWI- I have completed my examination. I confirm that no material matter5 have come to Illy attention in connection with the examination which gives me Lduse to believe that in. any material respect.. accounting records wcre not kept in respect of the Trust as required by section 130 of the Charities Act- or 2. th¢ accounts did not accord with the accounting records; or the accounts did not coinply with the applicable requiT¢ments concemingi the forni and content of accounts Set out in the CharitÉes (Accounts and Report5} Regulations 2008 other than any requii'ement that th¢ aeLounts give 2 'true and fail view, which is not a matter considered as part of an indipendent examin81ion. I have no concerns and have come across no ollier matters in connection with the examination lo which attention should be driwn in this report in order to ¢nable a proper understanding of the accounts to be reached. Lorenzo Piccinni FCA Fellow of the Institute of Chartered Accountants in England and Wales Mainsail Accounting and Consulting Limited 37 Woodbourne, Farnhain, Surrey, GU9 9EE 30 Jun¢ 2026
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL STATEMENT OF FINANCIAL ACTIVITIES YF.AR ENDF.D 31 DECEMBER 2025 Unrestrieled Restricted 2025 2024 Note Incoming re50urce5 Legacies 54,000 17,452 71.452 Donations 280.579 8,740 289,3 19 213.953 Charitable activities 40,715 40.715 35,783 Total ineome 375,294 26,192 401.486 249,736 Resources expended Charitable activities 100,793 62,317 163,110 169,945 Support and governance costs 132,336 132.336 122,445 Total expenditure 233,129 62,317 295,446 292,390 Net income {expenditure) 142,165 (36,125) 106,040 (42,654} Transfers between Fiinds (33,465) 33,465 Net movements in Funds 108.700 {2,660) 106,040 {42,654) Reconciliation of Funds Total Funds brought forward 405,140 11,168 416.308 458,962 TOTAL FUNDS CARRIED FORWARD 513,840 8.508 522,348 416,308
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL ALANCE SHEET 31 DEcEIBER 2025 Unrestricted Restrlcted 2025 2024 FIXLD ASSETS Tangible fixed assets 131.606 131,606 128.717 Totsl Vjyed Assets 171606 131.606 1 ?8,717 CURRF.NT ASS'II TS Debtors Cash at bank 12,231 386.111 198.3d? 14,1184 280,969 295.053 377,603 389,824 8,508 8.508 Tgtal currellt aESPt CUPDL,lI LIABILITILS Cretsiror5 17,6001 (7,600) 17,462} NET CURRENT ASSETS 382234 8,508 390.742 287.591 ,liET ASSFTS 13.84 8,508 522.348 416.308 FiJTrIDS li Eitsiricicd Incoinb fiinds UJ]restrict¢d t.unds 513,840 513.840 405.140 TOT.4L C'll A [,!,1 fcl:.NDS 717.8411 ?? 148 dlh ROQ Thaw tindl)¢ial 8t&t£nlI1¥ 8ppmvcd by thc I"ru%icos oli 3Q.lun¢ 2e26 aild 8igncd nii thcir b¢hal;' Bemard Marie Murphy, C.FR
THE COMMUNITY OF THE FRANCISCAIN FRIARS OF THE RENEWAL STATEMENT OF CASH FLOWS YEAR ENDEI D 31 DECEMBER 2025 2025 2024 Net cash used in operating activities 104,942 (44,315) Cu.sliflowsfrom investing aciivilies.. Purchase of tangible fixed assets (excluding donated assels) Proceeds from Sale of tangible fixed assets (20.530) 200 Net cash provided by investing a¢Étvities 200 (20,530) Change ID cash and eash equivalents in the year 105.142 {64.845) Cash aDd cash equivalents brought forward 280.969 345,814 Cash and eash equivalents carried fonward 386,111 280.969 Reconciliation of net movement in funds to tI cash flow from operating activities 2025 2024 Net Inovement in funds Deduct value of donated goods. facilities and services that are capitalised Add back depreciation Add back los% on disP05al of tangible fixed assets DeCree {Increase) in debtors Increase in creditOTS 106,040 {42,654) (16,000) 12.384 527 1,853 138 (13,760) 11,090 11,713) 2,722 Plet eash used in operating aetivities 104,942 (44.315)
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTES TO THF FINANCIAL STATEMENTS YEAR Ff4DED 31 DECEMBER 2025 I. ACCOUNTING POLICIES Basis of accounting and #ssessTnent of going concern The financial statements liavc been prepared in dLLordance the Statement of Recommended Practice.. Accounting and Reporting by Charitics (SORP) preparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October 2019, the Charities Act 2011, as amended by th¢ Charities Act 2022, and applicable Tegulation5. The Charity constitutes a public benefit entity as defined by FRS 102. The financial statement% have been prepared under the historical cost convention with iteTllS recognised at cost or transaction value unles5 Otherwise slated in the relevant notes to these financial statements. The Trustees consider that there are no material uncertainti¢s about the Charity's ability to continue as a going concem. Funds Restricted funds are fund5 which ar¢ to be uqed in accordi£ nce with specific instructiOT)S itnposed by the donor or I'rust Deed. UnTestricled income funds Comprise those funds which the Trustees are frec to use for any purpose in the furtherance of th¢ charitable objectives. Designated funds comprise those funds which have been set aside by the Trustees for a specific purpose. further details of each fund are discloscd in note I I Grants and donations Grant income and donations are only included in the SOFA when there is evidence of entitleinent lo the gift, reeeipt is probable and the amount can be measured reliably. In the ¢ase of perforniance related grants. income must only be r¢cognised lo the extent thai the Charity has provided the specified goods or services as entitleTn£nt to the grani only occurs when the perfonnance related conditions are mel. Legaeies The recognition of income from legacies is depcndent on establishing entitlement. the probability of re¢eipt and the ability to estimate the amount receivable with sufficient accuracy. Evidence of entitlement exists wh¢n the Charity has siifficient evidence that a gift has bc¢n l¢ft to them (through knowledge of the existcncc ol'a valid will and the death of the benefactor) and the executor is satisfled that the property in question will not be required lo saiisfy claims in the estate. Receipt of a Icg2Cy mLlSt be reeognised when it Is probabl¢ that it will be received and the fair value of the aniount receivable, which will generally be the expected cash ainount to be distribiited to the Charity. can be reliable measured. Tax reclaims on donation5 gifts Gift Aid receivable is includcd in income when ihere is a valid declaration froni the donor. Any Gift Aid amount recovered oli a doiiation is considered to be part of that gift and is treated as an additioii to the same fund as the initial doiiation unle55 the donor or the terms of the appeal have specified otherwise. Donated goods, facilities and services Donated goods are measiired al fair value (the amoiint for which the asset could be exchanged) unless it IS linpractical lo do so. ioods donated for on-going use by th¢ ChaTlty are recognised as tangible fixed assets and incliided in tlie SOFA as incoming resouires wli¢n Teceivable.
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTES TO THF FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES (conlinued) Donated services and facilities are included in the SOFA when received at the value of the gift to the Charity provided the value of tlie gift can be eured reliably. Donated services and facilities that are consum¢d immediately are rccognised as income with an equivalent ainount recognised as an expense undcr the appropriate heading in the SOFA. The value of any voluntary h¢lp received is not included in the accounts but is described in the Tn]stees' annual report. Ineome from interest royalties and dividends Thi5 is included in the accounts when re¢eipi is probable and the amount re¢eivable can be rneurtd reliably. Liability reeognition Liabilities are recogni5ed where it is more likely than not that there is a legal or constructive obligation ommitting the Charity lo pay out resources and the amount of the obligation can be measured with reasonable certainty. Expenditure Costs to the charity include charitable activities, grants made, govcrnance costs and support costs. Where ther¢ are no conditions attaching to the grant that enables th¢ donor chariiy to realisiically avoid the commitment. a liability for the full funding obligation is recognised. Tangible fixed #5sets for use by the Charity All expcnditure on fixed assets in excess ot £1,000 is capitalised. The Charity does not hold any fixed assets for investment piirposes. Depreciation and impairment Depreciation 15 caleulaied 50 as to write off the cost of an asset, less its estitnated residual value. over the useful economi¢ life of that asset as follows.. Motor vehicle- 25Q/o reducing balance. Property improvemenis- straight line over 20-25 yeaTS. Furniture and equipment- straight line over l 0-30 year5. Where any assets are impaired in value, provision5 are made to rediice tlie book value of such assets to the recoverable amoiint. Debtors Debiors (incliiding trade debtors and loans receivable) are measured on initial recognition at settleinent amount after any trade discounts or amoiint advanced by tlic Charity. Subsequelltly, they are mtaslired at the casli or other consideralion cxpecied to bc received. OperatinL leases Operating leases relate to the rental lease for the Apostolic Centre at the Sl Coluinba Friary, Derry and io the rent of the St Fidelis Friary in Canning l own, London.
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 2. INCOMING RESOURCES Unre5trieted Restrieted 2025 2024 Legaeies 54,000 17.452 71,452 Donations Donations and gifts CJifi Aid 273,529 7,050 8,740 282.269 7,050 200,346 13.607 Total donations 280,579 8,740 289,319 213,953 Charitable aelivities Mass and prtaching stipends 40,715 40,715 35.783 Total income 375,294 26,192 401,486 249,736 3. DONATF,D GOODS, FACILITIES AND SF.RVICES Unrestricted Restricted 2025 2024 Vehlclcs Refurbishment work5 16,000 6,640 16,000 6,640 1,000 12,760 22.640 22,640 13,760 Use of Friary prelnises im Bradford and Northern Ireland The Community occupies the fridries in Bradford and in Northern Ireland without paying rent. These preinises belong to the respective Dioceses, which make them available for the Community's use in fuithei'ance of its charitable purposes. In accordance with thc CharitEes SORI, no income has bccn recognised in relation to these donatcd facilities because the value of the benefit to the Lharity cannot be measur¢d relidbly. Other donated goods and serviees Diiring the year, thc Cornmunity received a donation of a van, which is used for the general PUTPOSCS of the Charily. Additionally, the Community received donated services including the refurbishing of two shower rooms at the St Fid¢li5 Friary in Canning Town. London. The value of tliese donated services has b¢en estimated based on the best available illformalion, in line with the Cliarity's accounting rM)licy. The Community also rettives regiilar donations of food and clatl)ing for distribution to beneficiaries. No inLI)Ine or expenditiire has been I'ecognised in relaiion to these donated go()d% beLause their value cannot be estiinaled reliably and the cost to Ilic donors is considered insignificant. The.%e items are typically siirplus goods destined for disposal. Finally. the Community also benefits from the servi¢¢s of Inany voliinteers who support the running of the apostolates aiid woi'k will) the pool.. 'I'he value of tlie volunteei's time is not quantified for tlic purpo8e of Ihese accounts.
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTES TO THE FINAP4CIAL STATEMENTS YF.AR ENDED 31 DECEMBER 2025 4. EXPENDITURE ON CHARITABL ACTIVITIES Unrestricted Restricted 2025 2024 Direct charitable expenditure Travel and me¢ting expenses Miiiistry expen5e5 Alms for the poor and soup kitchen Cominuiiity welfare Evangelisation and Catholic Underground 38,911 56,579 38.911 62,585 23,560 5,303 12,099 34,120 72,269 27.010 1,814 7,726 6.006 23,560 5,303 12,099 Crants made {llote 6) To fiirtlier pro-life activities To further the work of evang¢lism To furthcT the relief of poverty 4,040 15,106 1,506 4.040 15.106 1,506 2,050 19,950 5.006 100,793 62,317 163,110 169,945 5. SUPPORT AND C.OVERNANCE COSTS Unrestricted Restrieted 2025 2024 Support tosts Repairs and maintenance Utilities Rent Insiirance and taxes Website costs Accouiiting and independent examiner's fees Legal fees Bank fees Loss on disposal of fixed assets DepTeciation (note 71 21,348 44,663 17.679 14,865 4,505 7,602 7.786 976 528 12,384 21,348 44.663 17,679 14,865 4,505 7,602 7,786 976 528 12,384 18,152 41,272 17,600 12,328 5,000 6,000 9,796 1,207 11,090 132,336 132,336 122.445
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTFS TO THE FINANCIAL STATEMFNTS YEAR ENDED 31 DECEMBER 2025 6. GIUNTS MADE To institutlolls To individuals Total 2024 Grants made by activity To further pro-life activities To furtli¢r the work of evangelisTn To further Éhe Telief of poverty 4,040 15,106 1,506 4,040 15.106 1,506 2,050 19,950 5,006 20,652 20,652 27,006 Grants made by recipient 2025 2024 Institutions Craig Lodge Trust The Mark l O Mission Maiy's Meals St Edwards Catholic School Aid to the Church in Need Huinan Life International Precious Life St Helen's Primary School Rachel's VineyaTd NET Ministries Good Counsel Network River Christian Church March for Life UK The Right to Life Charitable Trust Catholic Mothers Apostolate Mother of Ilnfailing Help, l.ccds Comunidade Sicrvas de Maria del cora7.on de Jesiis The Order of briars Minor Conventual of Great Britain The Cotnmunity of St John St John's Convent, Kiln Green St Micliael's Abbey, Farnboi'ough 7,000 3.000 1.506 1.500 1,000 1,000 1,000 1,000 540 506 500 500 500 500 500 100 8,000 5,000 2,506 1,000 1,000 300 300 450 750 500 500 500 2,000 1,000 700 500 500 Other grants To individiials 1,500 20,652 27.006
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 Plant, machinery Fixture5, Property and motor fittings and improvements vehicles equipment 7. TANGIBLE FIXED ASSETS Total Cost Opening balance Additions Disposals 186,690 12,750 16,000 { 1,000) 19,216 218,656 16,000 { 1,000) Closing balance 186,690 27,750 19,216 233,656 Accumulated depreciation Opening balance Depreciatio Disposals 78,089 8,614 6.750 1,777 (273) 5,100 1,993 89,939 12,384 (273) C105ing balance 86,703 8.254 7,093 102,050 Net book value Opening balance 108.601 6,000 14,116 128.717 C105ing balance 99,987 19,496 12,123 131.606 As permitted under Financial Reporting Standard 102 (FRS 102). the Charity has continued to adopt a policy of not revaluing its tangible fixed a5bets. 8. DEBTORS 2025 2024 Prepayments and accrued income Other dcbtDrs 3,006 9,225 2.685 11.399 12.231 14,084 9. CREDITORS 2025 2024 Accruals and deferred income 7.600 7,462 7,600 7,462
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBFR 2025 10. LEASING ARRANG'EMF.NTS 2025 2024 Minimun] lease payment5 on non-caneellable operating leases fall due as follows: Within one year Bclween one and five years More than five years 17,600 10,400 20,800 17,600 25,400 23.400 48,800 66,400 The lease commitments relate to the rent payable to the local parish for the iise of the Apostolic Centre at th¢ St Columba Friary, Derry and to the rent of the St Fidelis Friary in Canning Town, London. 11. FUNDS List of material funds ad purpose Fund name I'ro-l.ife Fund Poor Fund Catholic Underground Pur ose and restrietions To further Pro-Life activit To further relief of overt To hold donations for the Catholic Under roiind ro ect To furthcr evan elism in communities To hold f()r the re airs of St Pio House To hold donations for repairs at the St Pio Fri -ro hold donations for the Discipleship ro raTnme T() hold donations for St Fidelis, regional fund To hold doi)ations for St Pio's regional fund To hold donations for the general ur oses of the Chari Restricted income fund RestTlCted income fund Restricted income fund F,van eli5m St Pio Huuse FLind St Pio Improvemcnt Fund Restricted incoine fund Restricted incoine fuiid Restrictcd income fund Discipleship Fund R£tricted income fund St Fidelis Regional Servant Fund Restricted income fund St Pio Regional Servant Flind Restricted incomr fund Unreslricted Fund Unrestricted
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTES TO THE FINANCIAL STATEMENTS YEAR FNDED 31 DECEMBER 2025 Movements during the current reporting period Fund name Opening balance Income Expenditure Transferg Closing balance Pro-l.ife Fund Poor Fund Catliolic Under Evan ¢li5m Disci leshi Fund St Fidelis RcLFional Sei'vant Fiii)d St Pio Regional Servant Fund Unrestricted Fund 1,765 4,040 25,066 2,275 3.089 ound 8,508 8,508 2.450 27,205 6.006 24,755 4,701 (755) 1,305 755 600 (600) 405, 140 416,308 375,294 401,486 233,129) 295,446 33.465 513,840 522,348 On 5 June 2025, the Trustees wsed a resolution to transfcr the excess funds from the St Fidelis Regional Scrvant Fund and the St Pio Regional Scrvant Fund to the Unrestricted Fund of the Charity with immediate eff¢ct. The Tru5tces consider¢d tliis transfer necessary in order to support th¢ general charitable purposes of the Charity and to ensure that these fund5 are applied appropriately in funherance of the Chai'ity's objectives. All other transfeTS b¢tween funds during the year involved moving funds from the Unrestricted Fund to cover deficits in certain restriLled funds. where expcnditiire exceeded the available balance. Tlicse movemenlx ensured that the restricted funds had sufficient resources to meet their obligations. Movements during the previous reporting period Fund name Opeming balance Ineome Expenditure Transfers Closing balanee Pro-Life Fund Poor Fund Latholic Under elism St Pio HoL15¢ Fund St Pio Ini rovetnent Fund Disci St fidelis Rcgional Seivant Fund St Pio Regional Strvant Fund Unrestricted Fiind 57 11,691 864 6,068 2,050 32,016 501 27,175 1.993 20,325 round 8,145 8,508 21.107 22,685 4,000 22,685 4,000 4,004 755 2,699 1.305 755 600 600 422,773 458,962 227,056 249,736 227,949 292,390 16.740 405,140 416,308
THE COMMUNITY OF THE FRANCISCAN FRIARS OF THE RENEWAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 12. TRIISTEF. REMUNF.RATION AND EXPENSES None of the Trustees have been paid any remLineration or received any other benefits from an employment with their Charity or a related entity. The Community meets thc very modest living expenses of its tncmbers. which incliide six (2024.. five) Trustees. 13. RELATED PARTY TIUNSACTIONS Other than living expenses. the Trustees confirm that there were no ]Elated party transactions during the year. 14. ANALYSIS OF COMPARATIVE AMOUNTS Unrestricted Restricted 2024 Statement of Financial Activities: Donations Income from charitable activities Expenditure on charitable activities Siipport and governancc costs Transfers between Funds 191,273 35.783 (105.504) (122,445) (16,740) 22,680 213,953 35,783 (169,945) {122,445) (64,441) 16,740 Net movements in Funds Total Funds brought forward (17,633) 422,773 (25,021) 36,189 (42,654) 458.962 Total Funds carried forward 405,140 11.168 416,308 Balance Sheet- Tangible fixed set$ tk.btor5 Cash at bank and in hand Creditors 128,717 14,084 269.801 (7,462) 128,717 14,084 280,969 (7,462) 11.168 Total nel assets 405,140 11,168 416,308 IS. CONTROLLING PARTY In the opinion of the Trustees there is no overall contTolling party.