2024-06-30-accounts

KF.GI.%TF.RF.D C.11.4RI"I') N1114lBF.R: 111Tr8U1g REPOR'I. Ol -I'FIL TRUS'I"EES IINI) UNAllI)I'fEI) FIP4.4NClIll. ¥l'A'fEMENI' FI)R I'IIF: )'Tr..4R F.NDED 30 .IIINF. 21124 I,"UR TIIF, FRIF.NDS nr soi,Tr:SiVlk:.S B¢'rring7ers LLP Cli Kciii t4RI IRA

THE FRIENDS OF SOLESi¥lbS CONTENTS OF THE FINANCIAL STATENIENTS for ihe yeay tnded 30 June 2024 Page Reference nd 8dminislr2tii'e delils Report ol the trustees Indepondenl examiner's report StRtemtnt of finjiici#l 4clii'ilies BAIAnee sheet Notts to the finAnciThl sIAtemenls Delailed stAtemtnt of finAnciAI activities 12

I'IIF FRIENDS QF S0L,E.s￿.1E.s REFEREINCE ATr4D ADNIINISTRATIVE DETAILS for the yor endL.d 30 June 1024 TRUSI'I.-I=, S A De La Rocl)loucaiild S De La RoclifoLicaiild X J J P Dr La Rocliloiicaiild PRINCIPIll...DDRLSS c o Ch¥lrles Riissell Speechl! s LLP S Fleei Place Loiidoii EC4N,17RD RF.flS'I'F.RkD C14ARITI NllIMIIF.K 1108vii) INIJF.IJEl4iDENT EIAMINER Berrliiglc￿ LLP Cliariered Flccoiiiildiils L) uioii 14oiise 50 London RoH(I Bruii)ley Keiii EIRI .3R4 SOLICITORS Cl)arles R1155ell SpeL'clilys LLP S Fleei Plli ce L.01)doii EC4M 7RD Pu8e I

THE FRIENDS OTr soLES￿lEs REPORT OF THE TRUSTEES lor the year ended 30 June 2024 Tlie Ini.4lees present ilieir report willi ihe financial staienieiits of (he rliarity for Ilie year ended .)U June 2024. Tlie trustees have adopted Ihe provisions of Accounling and Reporting by Cliarities.. Siaiemenl of Recommended Pia¢tice applicable ¢0 cliarities pYepai'iii& Ilieir accounis li) acLordaiic¢ iviil) Ihe FiiiaiicTal Reportiii£ Siai)dard applicablc Iii the UK aiid Republic of ITelaiid IFRS 102) [e￿eLl1Ve l Jsiiuary 2019). 0￿ECTIVEs AND ACTIVITIES Objeelives xnd ainis The Charityi was established as a chariry, iii 2004 iviili the specific cliaritable objett of th¢ advanceinenl of th¢ Ronian Cailiolic faitli Ilirouglioiir tlie ivorld includin8. ii) particulai., bul iviihoiil prejiidice 10 ilie g¢ncralily of the forc￿¥011)g the Pr￿]70t10￿ of the Bei)edictiiie Order aiid has applied Ili¢ Cliar¢ty Fuiid ai)d tlie iiieonie deriv¢d troi11 li accordiiib71y. In gcneral ter1115 the -l-r115tees consider rhe position at their I'eLTriilar meetin¥ and dvnatioiis are iiiude as tl)e) de¢n) appropriaie. Publie b¢n¢fit Th¢ Tnjsrees have referred Iv Ilie ¥uidan¢e contained in tlie Charity Coinmission s f penei'#1 guidAii¢e oll public benefil, ai)d iii particular ilie giiidaiice oi) ¢liariries for tlie dvaiiceiiieiit of r¥ligroii, Ivliei) rcvieivingy Il)e Cl)aTity's aiins &1)d objectives aiid iii plaiiiiri)g fulLifL Ilctiviiies arid d¢cidiiig oil Ilie girai)ts for tlic year. The Objectives uiid ActiviliL's sectioii of Ilie report provide Th brief siiinittllry of ilctivilics undertaken. GranlmAking poli¢y Tlie triist¢es Inade 8rntils lo Beiiediciine instilulioiis 10 furtlier eiiRble Ilieiii ￿ pyoiiioie Ilie Cailiolic fdiili iliid siippori the Bencdicline Order. FINANCIAL RF,VIEW Flnincial Reviei4' Resen'es Policy Tlie TruslL'cs do Iiot seek IL) ¢iise nioiiey Iroiii tli¢ ¥eiieral public siiicc fllndiiig is obiaiiled troi)I private doi)atioi)s. A5 Ili¢ fuiid ¥oiisisls solely of ca511, the Ti'iisleeg have iiol coiisidered ilie appoiniiiieiit i)f iiivesliiiciii advisor5. I-low'ever, Ilie Clilrity Deed coiifeis on Ih¢"fiiistees veiy ivide poivers of inve51iiienl. "I'l)e "I nisrees do iiol seek lo riisc nioiiey fro￿1 ilie geiieral public siiice fuiidiiig is ubtaiiied froii) private doiiaiioiis. As Ilie fuiid coiisisis solcly ofcasl), the Ti'usiee5 have iiot coi)sidered Il)e appoiiiiiiieiil of iiivesiiii¢iii ad¥'isors. How¢vcr, Ilie Cliarity Deed coiifci's on flie Triisiees veiy ivide po¥vers of invesiiiieiii. Tlie Trustees 110rn)olly aiii) lo speiid Ilie iiieoiiie arisiiig it) ally oi)¢ year. 111 Sor￿¢ y¢ftrs, Ilie applicalioiis do 1101 ju51ify e,xpeiiditures to (his level aiid Ilie applic¥tble fLiiids are carried fotw.ird to ilie next period. Iii oil)er years, birai)ts exc¢ed the inconie for ihe y¥ai' iii qiiestioii, necessilalii)¥ resort to incoiiie a¢cui)iulated as siii'p1115 reserve5." £23.776 01) 10 Jiine ?024 {202i.' £3.009}, Cliariiable gi'aiiES were niade iii Ille year of £11 !88 12023., E36,3831. EApeiidiiure relatiiig io ilie iiiaiiagei)ieiit 4111d adininisli'aiion of Il)e Clisrity aiiioiiiil¢d lo £7,987 (202i.' £2,1221. STRucfuRE, GOVERNANCE AND MANAGE￿IENT Governiiig dociiment Tlie clioriry is coiilrolleit by ils goveniiiig docuineiil. 8 de¢d of irust aiid coiistitiites ali uiiiiicoiporated cliariiy. Deed dated 4 JLine 2004 eslablislied Ihe Cl)&rify. Nciv Ti'iislees al'e apwii)ied lry re50111lioi) of Ilie Triisiees iii accoi'daiice vith the iei'iiis of Ilie 4 Jiine 2004 deed. Indii¢tion aiid .1 rainiii¥ for Neiv Triislee$ is pi'ovidLd iYh¢n relevailt. li ivoiild be Ilie rrspoiisibility of tlie seiiior Iruslee lo explaiii tlie iielv Trustees re5poiisibililies ai)d d￿tIes, Ivlii151 providiilg copi¢s of Ilie Cliarity iiistiiJniei)t. PASI accoLiiils ai)d suid81)ce 1700kleis providLd by tlic C112rilJ' Coniiiii55ioI)_ No special skills are required as tlie Cliaril)" does nol pirjvide a service. Tlicrc sliall be &t least ) TrLlStees, in aCCDrdance willi Ili¢ Deed. Ri3k Tn%n8genienl Tlie Tnistecs Iiav¢ coiisidered the ii)aiii aT¢as of risk ai)d are ofilie opii)ioii that tlie Charity lias Ilie resources aiid systetns that, Lindei" noiinlll ¢oiidilions, will &llow these risks to be niiligdted Io dn a¢ceplable level in ils day-to-day operations. Iii particiilar, tl)e TrLlSt¢es do iiol eiileF Ilito ¢oiiiiiii(nieiilS il) excess of ilieir available casli resoiiires aid ils a resiilt thes operate ill Y4 veiy loii, risk ei)viroiiiiiei)i. Aiiy diDP IJE iiicoiI?e received ivill be i)Ihlcl)ed by ali approprillte reductioii in eypetidilufe. Page ?

'I-H fr. FRIF.NI).% UTr .S(.>I,I.:SN.IES REPORT OF TIIE TRU.STF.ES foi. the veiir ended 30 Jiin¥ 2024 -a kL>ili1uu¥￿i11d - '[ riislLe Pa8e 3

INDEPENDENT EUI¥IINER'S REPORT TO THE TRUS'fELS OF. THE FRIENDS OTr SOLTr.SMCS IDdepeTrdtnt txAminer'5 report to the trustees of The Friends of Solesmes I report io tlie cliarity, trusrees 013 111), exaniinatioii of the accouiiis of Tlic Frieiids of Sole5nies Itli¢ Trust} for ilie year elided 30 Julie 2024. Re5pnnsibiliti¢s and basis of report As rlie cli3ril) Irusiees of Ilie Trusi you are re5poiisible for Ilie preparation of tlie acLOllI)t$ 117 aLcDrdai)ce i%'iili tlit requiren)eiils of tlie Charities Aci 2011 I'ihe Act,). report iii r¥speci of Iny exaiiiii)aiioii of lh¢ Tru￿,$ accouiils carried out uiider Seciioii 141 01. Ilie Act arid iii cairyiiig oiii my cxaniiiia(ioii I Iiave folloived all api)Iic8ble Direclioi)s given by rhe Charity Loiiiiiiissii>i) uiider Seclioii 145151{b) of Ilie Act. Independent examiiier'$ statement have completed iiiy exoiniiiotion. I confinn thal iio Inalerial n)atters have coine (o Illy gtteiition iii coiiiicclioii witl) the eyaiiiinalioii giving Ine eaiise io believe Il)ai iii any In11 iei'ial respect.. accoiiiiling records ivere riot kepi iii Ycsptcl of Il)¢ Tn15t a5 reqiiired by Seclioi) IJO of Il)e Ac(. or Ilie accouiits do Iioi accord witli tli(75e r¢wrds' or the accoiinis do nol cninply ivitl) Ili¢ applicable I'equirenieiits concerning the foTin arid conlent ofaccoiinls sei oiil iii Ilie Cliariiies IAccoLiiits and Reports) Regiilalioiis 2008 oilier than aiiy reqiiir¢nieni Iliat Ilie y4ccoiini$ give a Irue aiid fair view whicli is iior D E))<lt(er coiisidered as parl of ali iiidepeiidciit exoni1ii￿tIOn. I hav¢ iio coiicerns and have ¢omc across otl)er snattcr5 in conneeiioFI ￿,1111 ih¢ e.X%iniirÈ#iion 10 which allenlion sholild be drnivi) iii iliis report ii) ol'der lo ei)Able a proper uiidersiai)diiig of Ili¢ ac¢oiiiils lo be i¢a¢lied. Pic ul Allaii BSo¢Sc fcA Tlie 11istilule of Cl)&rtercd Aceouiilaiils iii Eiiglaiid glid M ales Berriiiger5 LLP ClianerLd A¢¢oiii?taiiis Lygoii Hoiise 50 Luiiifon Road roinl¢y Keiil BRI .IRA Page 4

THE FRIEN'DS OF SOLF.SfvILS ST,ITEIVIENT OF FIN',INCIAL IICTIIJITIES loi. Ihe v¢ai' endecl 3U June 2024 2Q24 20!:, Tol&l ljiireslriciid Expeiidable Ei)do%iin¢iil lunds INCOIl.IE AND LNDOIVNI IENTS FRONI Doniili0119 ciiid leLiacies 40,649 40,649 E,KPENDII'URF OI Charitable Activities Siipp(irt LOSIS Grai)Is 7,987 11288 7,987 11,288 19,274 Ncl ¥ii iiisIIIDsse5) 011 ii)V¢Sli))eiiis {6Q71 1007) (-1251 J F.I' INC'.ofvlll(&..XI>LNI)I-I'IIRL) 'I'i'nnsfer8 lietweeii fiin(15 119.27%) 40.042 119.27$) 20,767 4,720 10 r4et moi'einenl in fiindb. 2Q,767 20,767 RF.CONCII.IATION OF F'l.iNDS Total fuiids broiibilit Ioiivill'd J,fi09 3.OU9 TOTAL F IINn.S C..4RRIF,D FORWARn 2J.77CI 23.77C) 111e ?IOles fonn part of tlie5e fii)aiicial siaiemeiiis Page S

I'HE FRIENDS OF SOLESII.IES BALANCE SHEET 30 June 2024 2024 Total fiin(L$ Uiirestiicted fund Lypendable IidoNvtneiil Total fui)ds Notes CURRENT ASSETS Debtors Ca511 at baiik 2,4511 42 9,J25 11,783 14,493 14,947 2,500 2J,776 21276 14,947 CREDITORS Aliiouiils fallii)g diie wiihiii oli¢ year 12,5001 (2,500) (11,9381 NET CURRENT ASSETS 2J,776 23,776 1,009 TOT,IL ASSETS LKSS CURRENT LIABILITIES 23,770 23,776 3,009 NET ASSE,TS 2J.776 23.776 3,009 FIJNDS Eiidomiiicnt fiinds 10 23,776 TOTèlL FUN'DS 23,776 3,009 Is ivetL' approved by Ihe Board of I'nisiees aiid &uilioi'i$ed for issiic aiid iirere siwicd 01) its belialf by.. 01) R()¥lifoucauld- Trustee Tlic Iiotes fonii part of Llies¢ fiiiaiicial teiiieiiis Page 6

THE FRIENDS OF SOLEsfvlLS NOTES TOTHE FINAIYCIAL SI"ATENIF.NI'S for the yeill. eniled 30 Juue 2024 .4CCOIINTINC: I>(ILlC".Ir.s Basis of i)rei)aring the financial %tdlfffieiils The fiiiniicial slc2teineiils of ilie eli4iriis. wliich is a piiblic beiiefii eiiiilv 111)der FR8 102, liave beeii prepa￿d iii ccord¢gnce iviili tlie C".liaiities %()RI) (PR$ 10?) 'Accuiiiiiinb and Repi)rfii]u b>. Cli1¢ rities., .8iareineiil of R¢coninieiided Piaciice applicable io L113rities iirei)ai'ing Ilieir accouiils iii %iecordaiiLe ii'itli tlie Fiiiaiiil¢11 K¢p011ii)L %1i21)dl£rd appliLable iii Ilie UK 1iiid Repiiblic ot. Ii'elarid Il".RS IO'I l¢lTeLliiie l Jaiiiiilly ?011)I'. Fiiiii Iltl¢l1 Repo)rliiig Sidiid41rd l O? 'l-li¢ F'iiiclllLial Re￿)IlLi7￿ %iiiidiird appliL, ble iii ilie tiK 3I1d Repiiblic or Ir¥ldnd' 81)d th¥ Cl)iirilies Act 2011. Tlie fiiiaiiciii I siailinenis Iiavc bc¢ii Iirepared iiiidei- Ili¢ Iiisiiiriciil Lost COIIVClllioii. Inctsrnt 'oluniAiy iiicon)e and depo451 iiiter¥sl is accoiiniid foi. oil a rLLLivablL b47SIS. Exi)enditure E.xpeiidiiiirc is K?ccoiinied foi. on oli ucLriiiils basis. Doiiaiions ai'¢ I'iiorded wliei) Ilie ii'Ligtee< liai'c iiiade Ili¢ dcLI4101) IU Pl£ y tlieii). uiiliss Ilie d()11(11ioiis are siibjvil lu coiiditi(Tr115 bLlI?sJ fuifi51¢d. All adiiiiiiisii'atioii Losls ar¢ Iiuiii L'l)arildblL ixp¢iidiiui'¢. Grjiils offei'Ld siibjL'cl lo coi)diiiDli$ wliiLI) hiive I￿1 beeii Iiici l( t Ilie ) ¢nr ei)d date ai'¢ iioie(l as a coiniiiiiihcni bill 1101 accnied as e.%pei)diliii'L. .1 Ii¥Alinn Tlic ¢liarity is cxciiipi fKuiii Id.% (Ji) ils eliarilable aclivilie5. Fiiii(l accoiiiiting Uiiresii'i¢i¢d fiii)(Is Ai'c Il105e ivhicl) are Lised foi, IIIC Lieiiei'al advai)Leii)eii( of (lie Cliarils 4 01)jeeiive5. Eipeiidiiblc ciidoii iiieiits dre Lgpilal iiiiids ii'liicli Iiinj, be speiil ai Ilie Irusiee5' dis¢reiioii. 'oJ'eigii £urrencies Ilie diie of Ii'aiisticii(In. E.iehaii%e dirrei'ences ai-c iakci) Illlo accoiiiii iii arrivii)g ai Ilie opel" Cpoiiig H2viJig a53Csscd Ilie Cl)ai'it5 s fii)ai)¢iul kK)Slli(Iii Jnd pl%1115 for IIIL foreseeable fiiliii'e, Ihe TriistCe5 nre salisfied iliai it I'L'Il)Ik Ins approprtale lo pi'epnre ihe fiii(IllLi¢il staltll)L'nis 011 R &ioiiigg concei'ii l)ilSlS. IVh¢'re iicLessllry e5111))aies aiid jiid&ieiiiei)ts arc basL'd L)i) Iiisiorical e.%perieiice aiid oil)¢r fgciors. DONATION'S AN D LEGACIES 2024 20? j Tlie Foiiiidaiioii of St. Btriirdicl of Niir%ia 40,649 1,250 Poge 7 ¢onliiiued...

THE FRIENDS OF SOLE5fv1ES NOTES TO THE FINANCIAL STATEMENTS- Lonlinue(I for tht yexr ended 31) June 2024 GRAP4TS PAY ABLE 2Q24 Gi'ants 11288 36.ill.I The total gran15 pRad In i115titiilions diiring th¢ ycar H'as as folloiys.. 2024 Abbaye de Sie. Maitin de Liguge Abbuye Ste N4arie de Paris Monas(ery' Sr Josepli de Segiieya Père Heiiri Yva11¢5 Abbaye de Ste. Ani)e de kei'8onat) Abbaye Nolre-Daii)e de Ganagiobie Abb¥2y¢ d¢ Keiir Mviissa 2.719 9.7$(1 {4,172} 5,153 2,607 11,288 SUPPORT COST8 Goveniiiiice cosis Totals Siipporr cosis 337 7,650 7,987 Siii)poil COSt$. iiicliided iii Ihe above. are os I"vlloivs'. Flnin¢e 2024 Suppon costs Totsl ciiviiies Baiik ¢hi1rg¢s 337 82 GrJverTr4nce costs 2024 Supw)11 costs Total ncrivitics 700 5,850 1.100 700 300 1,040 Legal 11nd profc5sional fees Accouiilaiiry lees 7,650 2,040 coiiltE)iied.

THL F-RIEND5 OF SOLE8NIES NOTF.s"rc) l-HE FIN'ANCIAL STATEN'IENTS- contlnued for the ytgr ende(1311 June 2U24 TRIISTEF.%' RENIUliERATION.4ND BLNkTr IT. "Iliere ii'ere 110 trLlsl¢es' r¢ii)uiieratioi) or c)ilier b¢i)efits for ilie yeii i- ¢iidcd !0 Jiiiie 2n?4 Iiur f()r tl)e >'ear elided -10 J1511e 20?",. Triistt¢s' exi)en%es l-hcrc H'ci'c iio trLlSte¢'s' Lxpe115es paid for Ehc J-l'iir elided 30 Jiiiie ?0?4 11(Ir for tlic yccryr elided 30 JIiiiL ?O?.I. COMPAlbtl"IlfES FOR THE STrlTEN'IENT OF FINANC"IAL ACTlllI'fiES UiiYLs11-i¢led Exp¢iidiililL IINCOIl,IE AIYD ENDOlllIl,IEIN-I'% FROIll Doiiaiioiis clnd legacies ?.f O .IPENDITUR&'. ON Siipport LOSIS lJianls 1(),183 Nei giaii)5. (losses) tsii iiivcstii)eiils (4251 14?.51 Nfr:I' INC-ON1￿./IE.KPEND1TUREj 'I'rhn$fcrs beliveeii fuiiils 1.18.5051 .38.50.S 42.825 1.38,5051 4.)20 Net nioveineiil Iii fun<ls RECONCII.IIlTIOIY OF FUNDS 'I'OI'AL I."IINDS CARRIED FC)RIVARI) -'l.OQ9 Dl,- Wl'l)11S: IliTrlOII￿TS F AL.l.IING I)11 F. WI'I'H IN ONE I'EAR 2024 201.1 Oil)er debiors 11,783 PAge 9 coiitiiiued...

-I'IIE TrRIfr.ND44 sOLES￿lEs NOTES TO THE FINANCIAL STATEMENTS- continued lor the year ended 30 June 2024 CASH AT BANK 2024 Total fiinds ?02.) Toial fuTJds Gei)eral rund E.Ypendable Endowmeni letiobank Stei'ling 1£) Metrobaiik AcLoui)t IE(Iro} C Hoiire & Co {£ C Floait & C.0 (Eurol 4,687 ),764 4.729 9,764 Toial 42 14.451 14.493 14.947 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE I'EAR 2024 20?3 Oilier cieditois 11,938 10. MOVEfvIENT IN FUP*DS Nei Ti'ansfe¥s beiweeii fuiids At .10.6.?4 Ai 1.7.23 Uiirèstr5¢le(I fiiThds Gei)eral fuiid (19375) Eiidowment funds Fypendable EndDW'in¢iii 3,009 40,042 (19,27.S ) 23.770 TOTAL FUND5 -I,00)I 211,767 23.776 N'el Iiioyeiiicnt in fiiiids, iii¢lLided iii Ilie above llre as folloivs: Resources e.lpeiided Gaii)s aiid losses Movei)Ic])I iii fiinds soiiites ljnrestricted fund5 Generdl fund (19,275) (19,275) Endoivm¢ni funds Expendable Endom'nieiil 40.649 (6117) 40,042 TOI"AL FUNDS 40,649 (1927.S) 1607) 20.767 Paoe 10 conlii)ued...

'I"IIE fRIEN'DS OF bOL£SIIIES NOI'b.S I'O TFIE b INANCIAL.STATEtyIENTS- cvnliiiued for rhe year en(led 30 Jiine 21)24 MOI'EN.IF-N'f IN b IIYI DS- tontiiiued CDntl)*1rMtiNes fvr nioi'onient in funds Net IIIQVLIIIC4ni Transfet5 bLINveeii r￿lid5 At Uiiresti'ictecl funds GeiiLfdl fuiid (.38,505 EiidoH'in¢iit funds pei)dablc L.iicloi¥iiieiil 42.8?.% li8.50)1 TOTAL FIINDS 4,320 Coini)arotive i)et In(iiieineiil in fiinds. iiicl(Id¢d iii ilie xlxJv¢ 411t folloivs.. RcsoiirLI5 e.Ipended Gaiiis ¢il)d Moi'eiiitiil Icsouires Iliire.$lritlcd (unil$ CJei)ei'al fiiiid 38,5051 1.3R.$051 F,Iid(iivi￿c1It fuiid5 E.xpctidit ble Fiicl0I4 lllCIII 4.3,250 142S} 'roT2lL FUIYDS 138,5051 (4251 4,3?0 RELATED I¥AKI-V I)1.5(.'1.(.IsiiiiF",. 111-iii& Il)L y¢ai' £.fj.8$0 1102.?.. £2.40ni H'iis i)aid lo Cliai'l¢S Riissell Speeclil) s. Ori¢ of Ilic triisiL'es. Sinion Illeil Page 11

THE FRIENDS OF SOLESI¥IES DETAILED STATEfvIEN'T OF FINANCIAI. Acfii'iTIES for the year ended 30 June 2024 2024 2023 IN'COME Af'D £NDOII'MENTS DonAtions And tegacies The fnuiidaiian of Si. Belied1￿ of Niirsia 40,649 Total incoming resources 40,649 4i.250 EXPENDITURE Charilxble ctivitie5 Graiils io insiitutioiis 11,288 36,-183 Support eosls FinAftce B3nk char8eS 337 GovernAnee costs Indepeiidetii ¢xaniii)alion Legal aiid professiomal fees Ac¢oiiniaii¢y fees 700 700 I,iou ,040 2.Q40 I"oixl resoiirr¢s expciided 19.275 Nel ineonie before 2niJi$ l(Kises 21J74 4,745 Realised recogniscd gains Anil lossfs Fureigii excliuiige gaii)s,Ilossesl 1607> 14251 Net Income 20,767 Tliis does not foi'ni part of Elie slatiilorv finaiici&l #lli¢iHen15 Page 12