Charily Regislration No. 1127151
MARIA ASSUMPTA TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

MARIA ASSUMPTA TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
rrustees
Srcatherine cth￿ey r.a {Chairl
Srmaureen Connor r.a Isecretsry)
Sr Catherine Jones r.a
srVer0n￿ Ann Rowley r.a
Sr Ceule Franquin r.a
Sr Isabelle Rwx r.a (Res[gn￿ 11 thAarch 20251
Sr Le￿lla Montan8 Pa￿anDh￿ r.a IApw"nted 11 Marth 20251
Charity number
1127151
Principal address
20 Kensii)gton Square
Lond
W8 SHH
Auditor
Haysmac LLP
10 Queen Street Place
Lfftdon
EC4R 1AG
Sollcltors
2 Putney Hill
London
SW15 6AB
Investment advlsors
auiltercheviot Ltd
Senalor House
85 Queen Vjctoria Streel
Lond
EC4V 4AB
Epworth Investment ManagementLtd
25 TaV￿10¢k Pla￿,
London.
WC1H 9SF

MARIA ASSUMPTA TRUST
CONTENTS
Page
Trustees, rewrt
Slalement of knstees, reswnsibilsties
Independeni auditorfs reF
ststement of financial actMtse5
Statement of financial posil>on
Statement of cash
10
Notes to the financial statements
11-17

MARIA ASSUMPTA TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The tmstees present their annual report and financial statements forthe yearended 31 De￿mber 2024.
The financial statements have been prepared in accordan￿ wlh the accounti￿ pdiaes set out in note 1 to
the financial stalernents and comply with the charity's tnJs¢ deed. the Charities Act 2011 and "Accounting and
R8POrtillg by Charities.. Statement ol Recommended Practice ap￿Icable to charibes preparing their accounts
in accordar¢e with the Financial Reth)rfir4J Standard ap￿￿ble in thè UK and Republic of Ireland IFRS 1021
l$ffectiv$ 1 January 20191".
ObJectSves and a¢tivltie$
The charitys objects are to advance the religious and other charilable worf( of Ihe Religious ol the
Assumption. anywhere in Èhe world. as the trustees thinks fit.
The charity was formed in October 2008 and recewed its first fttnds from the related chaiity Ihe'Religious of
the A5surnption' in May 2(K)9.
The trustees have paid due regard to the public benefit guidance issued by Ihe ch￿tty Commi$8ion in decidiThJ
whal activities the charity shwld undertake.
Fundralslng standards infom)atic*n
Th8 charity does not actively fundraise and does not IKJld any agreements with professional fundraiser5 or
commercial parb¢tpators.
Grant maklng polky
The trustees give priority lo requests for funds from the various provin￿$ of Ihe Congregation and make
grants as they judge appropriate. Th8 trustees have established a Gran( Making PL4iGy and tHoGedures aThJ
guidelines for grant applications to achieve its objects for Ihe publtc benefit.
Achlevements and performance
During the year. the charity made donations to the Religious of the Assumption Prtmnces of India. France antj
Central America. Trustees approved a grant of £51.797160,IJOO euros)12023.- £226,0001260.000 eurosll lo the
Campus de la Transition to fund fire safety improvements lo the Forges property, the renovation of the east aisle
bathrotsm and other capital costs such as office equipment. hospitality lumishtngs, tooL8 and equipment. Thss
will enable the organisation towelcome MO￿ students al￿ professionals in ieasonable conditN)ns. The Camp&s
de 18 Trènsilion, supported by the Assumption Province of Fran￿, continues to rerK)vate the estate an¢J to
promote fundamental work in the service of education and iesearch in environmental sustainability.
Tntste85 approvè(J a donation of £6,389 {7,500 eurosl12023.. £21.IKM)123.500 eurosll Éo the Central AmÈrii
Provincial Council. The grant hwll enable the province to delNer transformative education to Ihe rTrost vulnerable
communities across the province's territ(>ries INicArdgua. &Jalemala and El Salvador) over 3 years. They wll
provide pastoral support to 7 cornmunitFes and a￿e$S to online leaming. Through Ihe year. rA)rnmunit￿s have
designed their pastoral projects with thildren and women lo better res[￿ to their needs post-pandemic. Two
communities have attended participatory pastoral planning workshops, and a pastoral team is being trained In
systetnali58tion. 3.500 students and 300 ed￿l￿r$ eight schools currentty use the online leamiNJ plaifom,
which has helped continue leaching chil¢Jren and young people throughout the academic year. This new kn.nd of
pastoral planning is he5ping to Increase the impact of the pastoral w(xk in communi￿.
The Assumption Public SchcKJI in Thelpara Ilndial was awafded £120.935 1140.433 euros) 12023.. £51.000
151,586 eurosll to buy a 42-seal bus so that they can provkje transport to pupils who live too f3r and have no
olher means of transport_ The school will also invest in 12 smart boards as part of Ihesr ongoirrfJ pkn to make
education creaknve. interactive and experientsal.

MARIA ASSUMPTA TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Projects funded in prevK)us financial years We￿ ￿nty"nued or ¢ompleled. The extenlKJn of the Assumption
Schod in Pandripani is ongoing despite Some disruplions caused by the m￿SL￿)n seastsn and workers. absence
during harvest. The sehcM)I now has a stage for the auditorium". srnart das5roorn equipped with corrputers." solar
panels,. lab5 for chemistry. lyology and physi¢s. The to1￿1 b1￿k was completed and material for the labs
purchased at the end of the year. In El Sa￿3￿0r. 17 Sludents from families with limited resources who receNed
a 3-year scholarship have completed Iheii secondary e(lucation. The students were imrrensdy grateful for the
tspptsrtunity to graduate frorn Colegio la Asunoon and PTepare to go to university. This project has been
successful because of the academic results of the students who graduated from high school and ealered
university lo become professH)nals who wll contribute lo sooety.
Inveslment PÈrfom)ance
The market value of the investments increased during the yeai ￿7th the ¥a￿e of Ihe t￿[0110 being £22.055.000
at the year-end in comparison lo £21,352,000 in th8 prior year.
The investments which consist primarily of UK equibes Investment funds. 8re selected on the adwce of
the investment managers.
Th8 Iru5tees a￿ satisfied with the perf0rrna￿e of the Investments and the advice receNed frorn the
investm8nl managers.
Fbnancial review
The charity's woirk is enbrely ￿]13Th1 on income and investment retums Irom its endowments. Incrxne for the
year comprised £738.000 ¢n iavestrnent irKome12023". £595.0(X)l- ExpeThYitu￿ amounted io £845.00012023..
£380.0001. When combined with the gains on inveslrnents. the resulting net increase in funds for the year
was £670,000 12023. £1.216.(X)01. This resulted in a increase in ¥eseryes to £22.587,0(XJ12023".
£21,917,000) a5 shown in Ihe statemenl of finawal [M)￿knn.
Reserves Policy
As al the year end. the charity held £22.587.000 in reserves12023". £21.917.(N)01. It ￿ the poliLy of the tharity
that unreslricled funds which have not been designated for a specific use shoukl be rnaintsined al a level of
not less than six month's e5titnaled income. The trustees consider that reserves al Ihis level wll ensure that. in
the event of a prolonged significanl drop in income, they wll be &￿e lo continue Ihe charity'5 current actDiities.
Free reserves at 31 December 2024 were £S32.00012023.. £565.0001 which were atx)ve six fflonth'5 estimaled
income in line with the ch3rity's ￿sen￿e$ policy but not eA)nskYered excessNe.
Investment policy
The cl￿rIty.S invesltllent powers are prescribed under the lernis of the trust deed. The irustees are permitted
to invesl in investments in the fom ol Govemment and the shares and fixed interest s8eurities of publ
Cotnpanies. investment. financial or unit trusts.
The charity's investment policy 15 Set by the trustees and the investments are dNided in rO￿hlY equ￿ proportions
and managed by Ouiller cheV￿t Limited and Epworfh Investment Management Linited_
Our investment choice5 seek to be a pr3¢b¢al implementation of the S￿la1 conseqvences of the Gospel. We
do ￿1$ ￿rough ourethical inve5tmenl policy aTKJ by p0511ive ¢hoi¢es. as well as negab.ve exclusions. in our asset
allocalion. The investment managers are in5tnJcted lo approve Ihe ￿luM on ibe irtveslmenls over the medium
term within these parameters.

MARIA ASSUMPTA TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Risk rnanagement
Inv8Stments.. One ofthe printspal risks faced by thè charity Iw in Ihe [erf0m￿n￿ of inveslments and Iheretore
the capacity of the charFty to rnake grants. The trustees consrdei the variabli ity of investrnent retums on Ihg
expend8ble endowmenl to constitute the charrty's major Iinan(aal ii5k. This rnfjJ"gal&l by relaining ￿10 expert
investment managers to manage the invest[ne￿t porttolio.
Donations oversight.. The charity primarily makes donats.ons lo overseas provin￿ ofthe Assufflption fvrther
to their grant making policy. The Irustees accept that alU)ough it 15 not possible forcharities to protect thernselves
¢ompletety from all risk of fraud and financial abuse. they can impIerNentstr￿g safeguards in the charity lo ￿dlICe
vulnerability and lessen Ihe likelihood of an occurrence.
Charities worting In18rnation81ty face an increased risk of fina￿al abuse frorn fraud or theft because of the
cotnplexity ofworking overseas as I(￿al condition5 may rnake it harder lo enfor￿ controls.
The trustees rety upon a vatiety of meth(￿j$ lo address these paitioJlar challeroes. for eXa￿￿e..
- ensuring there 15 a clear aud￿ trail established whert transmifty)g lunds o¥etseas
carrying DUI banknng due rfiligen
- involvement oflhe general bursai onproie¢ts as ne￿ry
- obtainiTrg pholc¥raphs and Othereviden￿ oftharilable wTr* undetsken overseas
- working with partners overseas to ensu￿ the proper monit¢ying and Veriftcation of the end use of tunds
Vis￿ng the projects to ensure the e￿Stence of the WO￿ along emwL8 and debrief5 prowde(l on the
status of th8 charitable eXPer￿ltU
Plans for the fLrture
The financial market5 a￿ continuing losvffer a bt0ftsj￿VIeJKe. The tnJstees a￿ fft)nrtoring Ihe Situa￿n carefully
and condude that despite changes in ino)me. they can safely honour the comffuknents in fulld1￿ they have
already rnade fof 2025 and conb"nLe ac¢epb"ng new appti¢ab"ons.
Structure, governance and management
The challty was established by a charilable bust deed on 28 October 2LVJ8.
The charity can have a tnaximum of six trustees and the inFbal trustees We￿ apwnted ty Ihe tDJsl de£d. N8W
trustees can be appointed by resoluti<)n of Ihe existing Iruslees. The oJrrent truslees are part of the
congregati￿ of the Rel￿10￿S of the A8sumplion, an inlemational Roman Catholic Ordef. They have detailed
knowledge oflhe charity's activiltes and were appointed for their experience in the affairs of tlie (Kder.
The trust8e5 who seNed during the yeai kwe:
Sr Cathefine Cowley r.a (Chairl
Sr Maureen Connor ra (Secretary}
Sr Catherin8 Jones r.
Srveronica Ann Rowley r.
Sr Cecile Franquin r.a
Sr Isabelle Roux r.a {Res￿rned 11 Marth 20251
Sr Lemia Mc￿lana Par¥Jantihon r.a ￿￿inted 11 Marrh 2025}
The chartty employs no staff. but enjoys the part-lirne Servi￿ of Ms Celine GagTh)n. wrt￿ is employed by th8
Religious of the Assurnption. as Fund Adrninistralor.

MARIA ASSUMPTA TRUST
STATEMENT OFTRUSTEES. RESPoNSIBIL￿lEs
FOR THE YEAR ENDED 31 DECEMBER 2024
The Iiuslee$ are r8sponsible for preparing the TrLKstees' Repyt and Ihe financia statements in accordance with
applicable law and United Kingdom Accounting Slandards Iuniied ltingdorn Generdlly Accepted Accounting
Praclicel.
The law applicable lo charib.es in England and Wales requires the bitstees to prepare financial 5taletnent5 for eath
financial year which give a true and fair view of the slate of affaits of the ¢hari¢y and of the in(x)me and expenditure
of the charity lor that year.
In preparing these financial statements. the trustees are required io..
select suitable accounting policie5 and Ihen appty Ihern consistenty..
ob5eNe the methods and prinriples in the Charities SORP.,
make judgements and estimates that are reasonable aThJ prudenL
slate whethei applicable accounting standards have been fdlowed. subj.ect lo any material depariures di8closed
and explained In the financial statements., and
prepare the financial 51atemenls on the going corscem basis unless il is iThappropriale lo presume that the charity
will continue in operatK)n.
The trustees are responsible for keeping suffiuent accounting iecords that ijisdose with ieasonable a¢¢ur¥y at any
time the financial posilioll of the charity and enable them to ensure that the financial slalements coffiply with the
Chanlies Act 2011. the Charity (Accounls and Reportsl Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the asseis of the chanty ao¢J hence for taking ￿8$onable sleps for Ihe
prevenb'on and detection of fiaud Jnd other irregularities.
Signed on behalf of the trustees-
Ill. Gz_L-Gf-
Sr Maureen Connor r.a Isecretaryl
Trustee
Daled." 14 May2025

MARIA ASSUMPTA TRUST
INDEPENDENT AUDrroR'S REPORT
TO THE TRUSTEES OF MARIA ASSUMPTA TRUST
Opinion
We have audited the financial statements of Maria Assutnpta Trust (the 'thariVI for the year ended 31
Decernber 2024 which COTnPriSe the statem￿[ of finan¢iJ actiwties. statement of financial position, the statement of
cash flows and th8 notes lo the financial stalemenls. Incl￿11￿9 svJnthcant a(xounb"ng poliaes. The finanual reKM)thng
fr8m8work that has been applied in their p￿paratiOn is applicable law United Kingdom Ac(x)unting Standards.
including Financial Repor￿ng Stan¢ard 102 Yhe Financial Rewb"ng Slandattl aFwiCab￿ in Ih8 UK and Republic of
Ireland" (United Kingdom Generalty A￿pted Accounting PracticÈl.
In our opEn￿)n. the financiJ state3nents=
give 2 true and fair view of the state of chartws affairs as al 31 December 2024 and of the (*arity's n8t
movement in fLJnds for the yearthen en¢Jed-
have b8en property prepared in aC￿r￿an￿ will Ullited 4fjwdom Generaty Accepted Acaxntirg Practice". and
havebeen p￿pared in accordance the reQuir￿￿entS ofthe Charities Act 2011.
Basls foroplnlon
We have been appointed as audr(or under s8CtK)n 144 of the ChatÈbes Act 2011 and report in accordance wth the
A¢1 and relevant regulations made or having effect thereunder_ We cor¥Jucted our audit in accordance wth
International Standards on Auditing IUKI IISAS IUKII and applKatAe law. Our responsibilities under those standards
are further descnbed in the Auditorfs responsibil￿"eS for th8 audit of the financial 5tsterfients sÈ¢tion of our repofL
W8 &re ind8pendenl of the ch8rity in accordance wth the ethical requirements that are relevant to our audit of the
finan¢ial Statements in the UK. induding the FRC'S Eth￿1 Slandard. and W￿ have fulfilled our other eth￿1
responsibilities in accordan￿ vthh these requ1￿Ments. We bel*eve that the audit evidents we have obtained is
sufficient and appropriate to prowde a b￿5 lor ￿Jr opinKJn.
Conclusions relating to going concem
In auditing the financial statements. we have concluded that the trustees. use of the going bas￿ or
accounting in the PrePa￿tIon of the fin5n￿81 statements is approptiate.
Based on the work we have perfomed. we have not idenlified any maierial uneertainlres rdatiTrJ to events or
conditions that. Indi￿d￿allY or collectwety, rnay casl significant doubt on the charivs ability lo continue as 8
going concern for a peri￿ of at least twelve months from when the finanaal statemenls aro authorized for issue.
Our responsibilities and the re5ponsibilibes of the twsiees with reSP￿tIO gxng COn￿m2￿{jeSt￿bed In the ￿levant
sections ef this report.
Other Infomiatlon
The trustees are responsible for Ihe other informab"on. The other infomHIN)n comprise5 the infornialion indude(l in
the Tnjstees. Report. Our opinion on the financial slalements dC￿S not cover the othw infortnation and. except
lo the exlenl oU)eMise &xpli¢illy slated in our repor¢ we do not express any fomi ofassurance conclusion thereon.
In connection with ourauditoflhe financial statements. ￿pOnsib￿ty is to read the othwinfortnation 2nd. in d(Ar
so, consider whether the other infom)aI￿n is malerialty inconsistent wlth Ihe finantial 5taternents or our knowfedge
obtained in the audit or olheMse appears to be rnaterially misstated. If we identify such material ino)nsi$tenaes or
apparent malerid mE5talemenls, we are required to detemiine wfvelher the￿ is a matenal misstsletnent in the
financial sL3tements or 8 malerial misstatement of the other inforrnation. If. based on the WQTk we have perfomied.
we conclude that ￿ere is a material misslalement of this other infonnalion. we a￿ require(I to report that fact. We
have nothing lo report in this regard.

MARIA ASSUMPTA TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED
TO THE TRUSTEES OF MARIA ASSUMPTA TRUST
Matters on which we are required to report by exception
We have nothing lo ￿port in respect of the following rnatters in rela￿n to which the Charities (A￿￿unIS and
Reports) Regulations 2008 require us io r8FK)rt to you if. in our opinion."
8dequale accounling records have not been kept by the chanty., or
sufficient accounting records have not been kept-
the charity financial slatetnents are not in agreement with the accounting record5 and ¥etums'. ¢x
we have nol r￿1Ved all the tnfomialKJn and expLgnabons we require for our audit.
Responsibilities of trustees forthe financial statements
As explained morÈ fully in the statement of trustee5 responsibilities. the trustees are responsible for the preparabon
Df the financial statements and for betng satisfied that they give a Irue and fair view. for su¢h inlemal conirol as
the trustees determine 15 ne￿$sary to enable the preparation of financial statements that are free frorn material
miss1aieff￿nt. w￿ther due lo fraud oy error.
In p￿parIng the financial statetnenfs. the trustees are responsible for assessing Ihe charity's ability to continue a5
going con¢em, disdosing. as applicable. ￿arterS re131ed to g¢yng ¢on¢em ar￿ using the going concem basis
of accounb'ng unless the trustees eilher intend to IKiuidate the chanty w cease o￿ra￿"0n$, 01 have no ￿aliStiC
allernalive bul to do so.
AudÈtor's respon5ibilitie$ ftsrlhe auditof the financial statements
Our objectives are to oblain reasonalYe assuraft￿ ab￿1 whelher the finanaal statements a5 a whole are free
from material fflisslaternenl, whether due lo fraud or e￿Or. and to issue an auditorf5 report that indudes our opinion.
Reasonable assurance is a hKJh levd Of assurance but is Th)1 a guarantee that an audit ttjnducled in accordance
with ISAS IUKI wll always deled a material misstatement when it e￿51s. Misslaletnent5 can arise Irotn fraud or
8rror and ale considered material if. individually or in the aggregate. they coutd ￿8$onablY be Èxpected lo inlluence
the economic deci5ion5 of users laken on Ihe basis of these fInar￿la1 staternents.
Irregu18rities. including fTaud. ale instances of non-cornpliance wilh laws and regU￿tiOns. We design procedures in
line with our responsibililies. oulTined above. lo delect material rnissiaternents in respect of irregularities. including
fraud. The Èxtent lo which our procedures a￿ Capable of delecting irregularities. including fraud is detailed b81ow'.
Based on our understsnding of the charity and the envi¥onment in whith it operaie5. we Njenithed that the prinopal
risks ol non-complian￿ with Iws and regulabons related to Charity law, and we considered the exlenl lo which non-
cotnpliance might have a material effecl on Ihe financial statements. We also considered those laws and regulations
thal have a direct impact on the preparation of the finanual statements su¢h as the Charities Act 2011 and the
Charities SORP.
We evaluated management's incentives and opportunities lor fraudulent maniputabon of the financial statements
(including the risk tsf override of tontrolsl. and detemiined that the principal risks were ￿lated lo the approval of
grants. Audit procedures perfomed by the engage￿•t ieam indvded:
Inspecting correspondente wth regulators and lax aulhotrties".
Discussions with management including consideration of known or suspected instances of ￿n-coM￿la[￿e with
laws and regulation and fraud".
- EvalvatirwJ managgment's conlrds designed to povent aThJ dete¢l IrW￿an￿.e5..
Identifying ané testing journals.. a
- Chalknging assumption5 arvj judgetnenls rnade by managernenl in their critiixl accounting esb"rnale5
Because of the Inhe￿￿1 limitations of an audit. there 15 a risk that we will not deieci all irregularities. induding those
leading lo a material tnisstslemenl in the finan¢ial slalernents or non-compliance wlh regulation. This n5k increases
the more Ihat ¢omplian¢e with a law or regulation is retnoved from the evenls and transactions reflected in the
fin8ncial slatemenls. a5 we will be less likdy lo becorne aware of InStan￿S of non-cotnpliance. The risk is also
greater regarding Irr￿ulant1es occurring due lo fraud rather than error. as fraud involves intentK)nal cOn￿aIr￿ent.
forgery. Collusion. omission or misrepre5entslion.

MARIA ASSUMPTA TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED
TO THE TRUSTEES OF MARIA ASSUMPTA TRUST
A further des¢ripb"on of our ￿spOnSibl11tieS available on the Finanrial ReportiTrJ Cwnral's webstte al httysjl
WwW.fr¢.￿g.UKlaudiI0rSrÉSINjnslhll1fjes. This description fomis part of our auditorfs repo
USÈ of our report
This ￿port is made 801Éty lo the charity's trustees. as a body, in ac£ordance section 144 of thè Charities A
2011 and regulations made under sectron 154 of that Act. Our a￿di1 ￿)rk has been undertaken $0 that we might
slat8 to the charity's Iru51ees Ihose matters we are requi￿ to stsle to them in an Audttorfs report and for no other
purpose. To the fullest extent permitted by law. we do not accept or assutne responsibility to anyone other than the
charity's bus￿8 as a body for our audr( work. for this report, or for the opirwns we have fonned.
HOO. Uf
H8ysMac LLP
Statutory Auditors
10 Queen Street ￿8¢e
Ltsndon
EC4R 1AG
Date.. 17 luly 2025
Haysmac LLP is e1￿ible to act as an auditor in terrns of5ecbon 1212 oflhe COMpank￿ Act 2￿.

MARIA ASSUMPTA TRUST
STATEMENT OF FINANCIAL AcTIV￿lEs
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrfcted
Funds
2024
£000
Endowment
Funds
2024
£000
Total
Funds
2024
£000
Unrestricte
funds
2023
Éooo
Endowment
Funds
2023
£000
Total
Funds
2023
£000
Notes
Income from..
Investments
738
738
595
595
Expenditure on..
Inveslrnent
management
costs
74
74
66
Grant funding
771
771
314
314
Tot81
expenditure
771
74
314
66
380
Nel gains 1
Ilossesl on
investments
1,001
1,001
Net movement in
funds
1331
703
670
281
935
1,216
Fund balances at
1 January 2024
565
21.352
21.917
20.417
20,701
Fund balances at
31 Dgcember
2024
532
22.055
22.587
565
21,352
21.917
The slaternenl of financial activities includes all gains and losses recognised in the year. All income and expenditur8
derive from conlinuing a¢bvilies.

MARIA ASSUMPTA TRUST
STATEMENT OF FINANCIAL posrrioN
AS AT 31 DECEMBER 2024
2024
2023
Notes
£000
Flxed assets
Investments
10
21.352
Currentassets
Debtors
Cash at bank and in hand
31
691
7T4
821
CurrentliabllStle$
12
{2421
12501
Net curr&nt assets
532
571
Total a55ets less Current IlabllitSes
22.587
21.923
Non•¢urrent liabiliti8s
13
161
Net assets
22,587
21.917
Capital Funds
Endowment funds - general
Income funds
Unrestricted funds
14
21,352
532
565
22.587
21.917
14 May 2025
The finanoal Stat￿lS 8rvoved tylhe T[￿￿tee5 ￿....................................................
Sr C8th8rine Co￿eY r.a (Chairl
Tnrstee
Sr Maureen Connor r2 (Secretary)
Trustee

MARIA ASSUMPTA TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
£000
NotÈs
£000
Cash flows from operating activf(ie5
Cash absorbed by operations
16
19111
14431
Investing activities
Purchase of investments
Proceeds on disposal of investments
InveslnEnl income
17861
860
16.5931
6.659
595
Net cash generated from investing activitie5
812
661
Net increaselldecreasel in cash and cash
equivalent$
1991
218
Cash and cash eouiv21enls al beginning of year
572
Cash and cash equivalents at end of year
691
79)
-10-

MARIA ASSUMPTA TRUST
NOTES TO THE FINANCIAL STATEMEP￿s
FOR THEYEAR ENDED 31 DECEMBER 2024
Accounting poll¢l¢s
Charity InlorniaUon
Maria Assumpts Trusi Is a ch8ritabl8 trust 8sta￿lS1￿￿ by deed 28 October 2008. The printspal address
is 20 Kensington Square. London W8 SHH.
1.1 A¢¢ounting convention
The finanoal slalernents have been wepared in 8¢wrdan￿ wlh the charitrfs Irust deed. the Charitpes Act
2011 and-Ac¢ounhng and Re￿￿ng by Charities". Ststernent of Recomrnended Pr￿tti applicable to (*arities
preparing their accounts in ac¢ordan¢e Trmth the Financial Report]"ng Standard arwicable in the UK and
Republic of I￿￿nd IFRS 1021" las amended foraccounting period5eff￿tsVe trom 1 January20191. The charity
is a Public Benefit Entsty a5 defined by FRS 102.
The financial statements are prepared in sterting. which is the functional oJrTBnLy of the charity. Monetary
arnounts in these financial staiements are rounded to the nearest £000.
Thefin8nci81 slaternents have been prepared on Ihe hisiori￿ cost￿nvention. modnled to indud8 Investments
at falr value. The wncipal ar￿U￿ting Pol￿&S ￿jOple￿ a￿ set out bekn¥.
The1rn8lees have a reasonable expectation that the charity has adequate ￿￿r¢e$ io rrjntinue in operational
exIster￿e for the foreseeable futhre. The In￿t￿eS therefore continue to adopt the going conceffl basis of
awunting sn preparing the finanoal ststements.
1.2 Char¥table funds
Unrestricted funds are av8ilabl8 for us8 at the di￿￿tron of tho tnJstees in furtheranee of tha￿tta￿e
objectives.
The endowment fund is expendable at the dis(xeth)n of the tsuslees.
1.3 Income
Income is ￿￿nISed when the ch8rity Is legalty enmed to rt Ihe amwnts can be measured ￿1[abty.
and it is probable that incorne ￿11 be weived.
Investm&nt incotne is credited to inwnewhen it i8 receivab￿ and the b8 measured reliably by the
chanty." this is normally upon notificabon of the Inte￿$t paid or payable ty the bank. Dividends are recognised
once the div5dend has been de¢lared and notsficaliorb has b8en r81%Ned of the dNrdend due.
1.4 Expenditure
Basic fiftanc1￿ liabllities. induding tra¢Jeand other payables. a￿ recognised attransadion prir?.
Gr8nts payable are paytnents made lo third parbes in the further8r￿e of the charitable 04ecls of the Trust.
In case of an uncondrtional grant offer thi5 is accrued once the recipient has been notified of the grant
award.
1.5 Non-current investments
Fixed asset investrnents a￿ initially rneasured at trans￿￿on price exdlwthng transaction costs and are
subseouenlly measured al fair value at each reportiThJ date_ Changes In fwr vJue are recognised in net
¢ncomellexpendilurel for the year.

MARIA ASSUMPTA TRUST
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continuedl
1.6 Cash and cash equivalents
Cash cash equivalenis include cash in hand. dÈpo&ts held at call vAth banks. oiher short-terni liquid
investments with original rnaturilies of Ihree months (* less.
1.7 Financial in$tTuments
The charity has elected tci apply the provisi￿$ of secb.on 11 'Basic Finartial rnstnjments. and seCt￿n 12
'Other Financial Instruments issues, tsf FRS 102 10 all of its finanoal instruments.
Financial instruments are recognised in Ihecharity'5 5ts1ement of financial wsibon when the charity becomes
party to the contractual provisrons of the instrument_
Financial assets and llabililies a￿ offset. with Ihe net aftnints presented in the financaal statements, when
there is a legally enforceable right to sel off Ihe reeognised amounts and there is an intents'on lo settle on a
net basis or to realise the asset and setlle the liability simultaneously.
Basic financialassets
Basic financial assets. which indLwJe trade and Olher re￿1VableS and cash bank balances, are initially
measured altransaclion pnce Induding transaction costs and are subsequently rarried al amortised cost using
the effedive interest method unless the arrdngemenl constibjtes a financing Iransacbon. vthere the ITansa¢tion
Is measured at Ihe present value of the future receipts discounted at a rnarkel rale of interest. Finanoal assets
classified as receivable within one year are afflortised.
Basic financial Valjilitiès
Basic financial liabilities. in¢luding trade and other payabks are initialty recognised at transacti￿ price.
Trade payabl8s are obligatK)ns to pay for goods or 5enrices that have been acquired in the ordinary Course
el operations from suppliers. Amounts payable are dassifEd as current liabilibes if payment is due within
one year or less. If nol. Ihey are presented as non4utteni liabilibes.
Derecognition of financialliabilities
Finan¢ial liabilitiès are derecognised when Ihe d￿rity's contractual rt)IwatK)ns expire or are discharged or
anolled.
Inve$tsnents
Unrestricted Unrestricted
fund$
funds
2024
£000
2023
£000
Inc(Hne from listed investments
738
595
738
595
12-

MARIA ASSUMPTA TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTJNUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
3 Investment managernent costs
Endo¥mient EJX*)￿t
tunds
general
2024
2023
Investrnent rn8nag8ment
74
74
Grant hJnding
2024
£000
2023
£000
Costof grant funding a￿￿￿eS
Granl funding of activttses (see note 51
Share of governance costs Ise8 nol8 7)
749
15
12
771
314
5 Grants payable
2024
£000
2023
£000
Grants to insbtulK)ns'.
Rellgious of the Assumplion ltsty
Religious of the Assumpl"on I￿18
Religious of the A5surnption Phil¢ppines
Religious of the Assumption Fon
ReligKIu5 of the Assumption ￿l¢aragua
ReligKiUS of the Assumpb"on Tanzwia
51
271
131
226
21
749
298
Twustees
None of the trustees lor 8ny persons connected with them) re¢eive(l any TemuneTation during the
year12023- none).
Audito¢$ remunerallon
Govemance costs incltkyes the fdiowng..
2024
2023
Fees payable to Ihe au¢Jitor for1￿ au¢Jit of Ih8 annual acc(￿Nts
15
12
13-

MARIA ASSUMPTA TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
Therewere noernployees during the year12023-. non81.
Net gairbs I Ilos$e$l on inveslments
Endowment
funds
general
Endowtnent
funds
gener
2024
2023
Revaluation of inve5ttnents
777
1.001
10
Fixed a$$et Investments
Totsl
investments
£000
C05t or valuation
At 1 January 2024
Additions
Nel g8rs on invesknenls
Disposals
21,352
786
777
18601
At 31 December 2024
22,055
Carying amount
At 31 DeCem￿r 2024
22.055
At 31 December 2023
21,352
Listed ifjvestments included ats￿￿..
2024
£000
2023
£000
Listed investrnents carrying *Th)unt
Cash held within the investrnent
21.715
20.915
340
437
The historic costs of the charity s fixed assets investrnents as at 31 Oecember 2024 was £18.640k12023..
£18.596kl
-14-

MARIA ASSUMPTA TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Debtor5
2024
2023
£000
Accrued I￿orne
31
31
12
Cuffent liabilitfjes
2024
2023
Grants payatAe
Accrua
242
250
13 Non-cuffent1obllth$
2024
£000
£000
Grants payab
-15-

IV•)0
7Jfflo
Ccffjo
WLULLCL

MARIA ASSUMPTA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Analysis of net assets belween fw
Unreskncted
funds
2024
Endowment
funds
2024
Unrestricted Endovmient
fvnds
funds
Total
2023
£000
2024
2023
2023
£000
Fund balance8 at 31 De￿rnbel
2024 are represented ty-
Investments
Net current assets
Non-uJrrent li8biliti8S
22.055 T2,055
532
21.352 21.352
571
161
571
{61
22.055
22.587
565
21.352 21.91T
15 Related party transactions
Grants tolaling £749,011)12023- £298,000) were m8de lo re181ed charities during the year. as shown in note 5 to the
account5. Th8re w8re no other related party trar￿ctionS in Ihe I￿rTent or preced11￿ year.
16 Cash generated frorn operations
2024
£000
670
2023
£000
1.216
&jrp￿S ft*theyear
juslments for.
Inv8stm8nt incom8 recognised in statement offinanci
17381
IS951
Gains on investh*nts
Movements in working capttal".
Incre3se in debtor5
Decrease in credrfcors
11,0011
1521
1311
Cash absorbed by operations
14431
17-