REGISTERED COMPANY NUMBER: 05331487 (England and Wales) REGISTERED CHARITY NUMBER: 1107997
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2025
for
The Missionary Society of St Paul
Kate Haynes Ltd 129 Woodlands Road Little Bookham Leatherhead Surrey KT23 4HN
The Missionary Society of St Paul
Contents of the Financial Statements for the Year Ended 30 September 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Cash Flow Statement | 6 | ||
| Notes to the Cash Flow Statement | 7 | ||
| Notes to the Financial Statements | 8 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
The Missionary Society of St Paul
Report of the Trustees for the Year Ended 30 September 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our charity's purposes as set out in the objects contained in the company's memorandum of association are to benefit the public and to advance and promote the Christian faith throughout the world by such means, being charitable as the trustees shall in their absolute discretion think fit. Our charity engages in the education/training of children, provision of health care to elderly and vulnerable people, provision of relief materials to poor people overseas, and engagement in educative religious activities.
Significant activities
The focus of our work.
Our main objectives for the year continued to be to exercise our ministries as Catholic clerics (Ministers of Religion) in the Catholic Church in the UK. The Ministries include celebrating the Sacrament, leading worship regularly, supporting schools and other development programs for the training and education of young people, providing religious education to adults and children, visiting the sick at home and in hospitals, and providing care for the poor and marginalized. As ordained Catholic Priests, we also celebrate marriages, officiate at funerals, and participate in community prayers and other religious community activities that the Catholic Church and British law permit. Our role as Ministers of Religion is not an employment in the usual sense but a vocation of service to the community by an ordained minister in the Catholic Church, which requires a life-long commitment to our religious order.
Who used and benefited from our services?
Children/young people, and elderly/old people used and benefited from our services. Those who participate or attend the Catholic Church and the general public benefit from our services. Also, vulnerable children and adults (both men and women) and people with disabilities within the areas where we carry out our charity work, use and benefit from our services.
Principal Funding Sources.
Our primary sources of income include the allowance received by the members of our order from their various ministries and the mission appeals (Fundraising) that we do. . We used the funds we generated from the mission appeal for charity purposes and our priest members' allowance to pay their salaries. We rented out a property and hope to use the proceeds from the property for charity purposes.
Plans for Future Periods.
The charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.
Where does our charity operate?
Our charity operates in the UK and is also associated with the other operations of its parent Charity, the Missionary Society of Saint Paul based in Nigeria, working in Botswana, Cameroon, Canada, Chad, Ireland, Italy, Kenya, Liberia, Malawi, Nigeria, South Africa, South Sudan, Sweden, Grenada, the Central African Republic, The Bahamas, The Gambia, and the United States.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 13 January 2005 and registered as a charity on 08 February 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles.
Page 1
The Missionary Society of St Paul
Report of the Trustees for the Year Ended 30 September 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The charity has a Management Committee of up to 11 members who meet quarterly and are responsible for the strategic direction and policy of the charity. At present, the Committee has 11 members from a variety of professional backgrounds relevant to the work of the charity. The Secretary also sits as a trustee of the charity.
A scheme of delegation is in place and day-to-day responsibility for the provision of the services rests with the Regional Superior who is the Chief Executive of the Order (charity organisation) here in the UK along with the Vice Regional Superior and Regional Bursar who are the Services and Finance and Administration Managers. The Regional Superior is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Regional Superior along with the Vice Regional Superior and Regional Bursar have the responsibility for the day-to-day operational management of the Order, individual supervision of the members of the order, and also ensuring that the members of the order continue to develop their skills and working practices in line with good practice. Related Parties in so far as it is complimentary to the charity's objects, the charity is guided by both local and national policy
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05331487 (England and Wales)
Registered Charity number
1107997
Registered office
6 Knowle Close London SW9 0TQ
Trustees
Fr N Ugoagwu MSP Fr. M E Odion MSP Fr. L Onyebuchi MSP Fr D Gibbons KCHS Mr M Okolie Chief E Ughwujabo Mrs J Olasiyan Ms J Hodgson Mr E Doran Fr M Faneye MSP Mrs H Egunjobi
Company Secretary
Fr. L Onyebuchi MSP
Independent Examiner
Kate Haynes Kate Haynes Ltd 129 Woodlands Road Little Bookham Leatherhead Surrey KT23 4HN
Approved by order of the board of trustees on 2 March 2026 and signed on its behalf by:
Fr. M E Odion MSP - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Missionary Society of St Paul
Independent examiner's report to the trustees of The Missionary Society of St Paul ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kate Haynes
Kate Haynes Ltd 129 Woodlands Road Little Bookham Leatherhead Surrey KT23 4HN
2 March 2026
Page 3
The Missionary Society of St Paul
Statement of Financial Activities for the Year Ended 30 September 2025
| 30.9.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 782,665 Investment income 3 3,865 Total 786,530 EXPENDITURE ON Raising funds 4 611,203 NET INCOME 175,327 RECONCILIATION OF FUNDS Total funds brought forward 616,535 TOTAL FUNDS CARRIED FORWARD 791,862 |
30.9.24 Total funds £ 760,508 3,644 |
|---|---|
| 764,152 | |
| 708,126 | |
| 56,026 560,509 |
|
| 616,535 |
The notes form part of these financial statements
Page 4
The Missionary Society of St Paul
Balance Sheet
30 September 2025
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Cash in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES ACCRUALS AND DEFERRED INCOME 10 NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
30.9.25 Unrestricted fund £ 325,000 564,905 (500) 564,405 889,405 (97,543) 791,862 791,862 791,862 |
30.9.24 Total funds £ 325,000 389,478 (400) 389,078 714,078 (97,543) 616,535 616,535 616,535 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 2 March 2026 and were signed on its behalf by:
Fr. M E Odion MSP - Trustee
The notes form part of these financial statements
Page 5
The Missionary Society of St Paul
Cash Flow Statement for the Year Ended 30 September 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
30.9.25 £ 175,427 175,427 175,427 389,478 564,905 |
30.9.24 £ 56,126 |
|---|---|---|
| 56,126 | ||
| 56,126 333,352 |
||
| 389,478 |
The notes form part of these financial statements
Page 6
The Missionary Society of St Paul
Notes to the Cash Flow Statement for the Year Ended 30 September 2025
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Increase in creditors Net cash provided by operations |
30.9.25 £ 175,327 100 175,427 |
30.9.24 £ 56,026 100 |
|---|---|---|
| 56,126 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.10.24 | Cash flow | At 30.9.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 389,478 | 175,427 | 564,905 |
| 389,478 | 175,427 | 564,905 | |
| Total | 389,478 | 175,427 | 564,905 |
The notes form part of these financial statements
Page 7
The Missionary Society of St Paul
Notes to the Financial Statements for the Year Ended 30 September 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| 30.9.25 | 30.9.24 | |
|---|---|---|
| £ | £ | |
| Donations and Legacies | 782,665 | 760,508 |
continued...
Page 8
The Missionary Society of St Paul
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
3. INVESTMENT INCOME
| Bank Interest 4. RAISING FUNDS Raising donations and legacies Staff costs Insurance Postage and stationery Travel and subsistence Retreat Mass stipends Christmas allowance Medical bills Disbursement (overseas transfers) Car grants Charity Hospital chaplaincy Bank charges Accountancy fees Immigration/renewal Administration Website costs Catholic Missionary Membership Bbp MSP House Priest Supply Regional Superior's office Clothing Building repairs DBS & safeguarding costs Ongoing formation, conference & Seminars |
30.9.25 £ 3,865 30.9.25 £ 238,000 14,714 8,448 26,874 1,206 66,155 9,138 12,733 190,000 2,000 830 11,287 93 500 11,038 - 449 1,515 5,547 761 5,175 - - 40 4,700 611,203 |
30.9.24 £ 3,644 30.9.24 £ 225,197 6,968 2,574 24,566 16,862 45,449 8,925 7,440 305,500 4,000 1,189 6,885 126 400 7,873 345 2,229 522 9,000 1,360 21,439 3,577 5,700 - - |
|---|---|---|
| 708,126 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
continued...
Page 9
The Missionary Society of St Paul
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
6. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 October 2024 and 30 September 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 |
30.9.25 30.9.24 £ £ 238,000 225,197 238,000 225,197 30.9.25 30.9.24 Unrestricted fund £ 760,508 3,644 764,152 708,126 56,026 560,509 616,535 Freehold property £ 325,000 325,000 325,000 |
|
|---|---|---|
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
8.
continued...
Page 10
The Missionary Society of St Paul
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 10. ACCRUALS AND DEFERRED INCOME Accruals and deferred income 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.10.24 £ 616,535 616,535 Incoming resources £ 786,530 786,530 At 1.10.23 £ 560,509 560,509 |
30.9.25 30.9.24 £ £ 500 400 30.9.25 30.9.24 £ £ 97,543 97,543 Net movement At in funds 30.9.25 £ £ 175,327 791,862 175,327 791,862 Resources Movement expended in funds £ £ (611,203) 175,327 (611,203) 175,327 Net movement At in funds 30.9.24 £ £ 56,026 616,535 56,026 616,535 |
|---|---|---|
continued...
Page 11
The Missionary Society of St Paul
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 764,152 764,152 |
Resources Movement expended in funds £ £ (708,126) 56,026 (708,126) 56,026 |
Resources Movement expended in funds £ £ (708,126) 56,026 (708,126) 56,026 |
|---|---|---|---|
| 56,026 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.23 £ 560,509 560,509 |
Net movement in funds £ 231,353 231,353 |
At 30.9.25 £ 791,862 |
|---|---|---|---|
| 791,862 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,550,682 | (1,319,329 ) | 231,353 |
| TOTAL FUNDS | 1,550,682 | (1,319,329 ) | 231,353 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2025.
Page 12
The Missionary Society of St Paul
Detailed Statement of Financial Activities for the Year Ended 30 September 2025
| Detailed Statement of Financial Activities for the Year Ended 30 September 2025 |
||
|---|---|---|
| 30.9.25 | 30.9.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and Legacies | 782,665 | 760,508 |
| Investment income | ||
| Bank Interest | 3,865 | 3,644 |
| Total incoming resources | 786,530 | 764,152 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 238,000 | 225,197 |
| Insurance | 14,714 | 6,968 |
| Postage and stationery | 8,448 | 2,574 |
| Travel and subsistence | 26,874 | 24,566 |
| Retreat | 1,206 | 16,862 |
| Mass stipends | 66,155 | 45,449 |
| Christmas allowance | 9,138 | 8,925 |
| Medical bills | 12,733 | 7,440 |
| Disbursement (overseas transfers) | 190,000 | 305,500 |
| Car grants | 2,000 | 4,000 |
| Charity | 830 | 1,189 |
| Hospital chaplaincy | 11,287 | 6,885 |
| Bank charges | 93 | 126 |
| Accountancy fees | 500 | 400 |
| Immigration/renewal | 11,038 | 7,873 |
| Administration | - | 345 |
| Website costs | 449 | 2,229 |
| Catholic Missionary Membership Bbp | 1,515 | 522 |
| MSP House | 5,547 | 9,000 |
| Priest Supply | 761 | 1,360 |
| Regional Superior's office | 5,175 | 21,439 |
| Clothing | - | 3,577 |
| Building repairs | - | 5,700 |
| DBS & safeguarding costs | 40 | - |
| Ongoing formation, conference & Seminars | 4,700 | - |
| 611,203 | 708,126 | |
| Total resources expended | 611,203 | 708,126 |
| Net income | 175,327 | 56,026 |
This page does not form part of the statutory financial statements
Page 13